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¶V 6XPPDU\ 'HSRUWDWLRQ 2UGHU KDG \HW WR EH UHVROYHG 7KHUH ZDV QR IDFWXDO RU OHJDO EDVLV IRU KLV GHSRUWDWLRQFRQVLGHULQJWKDWKHZDVDGRFXPHQWHGDOLHQDQGDODZDELGLQJFLWL]HQWKHUHVSRQGHQWWKXVSUD\HG IRU D ZULW RI PDQGDPXV WR FRPSHO WKH SHWLWLRQHU WKH &KDLUSHUVRQ RI WKH %2& WR UHVROYH WKH VDLG PRWLRQ 7KH SHWLWLRQEHIRUHWKH&$GLGQRWLQYROYHWKHDFWRUSRZHURIWKH3UHVLGHQWRIWKH3KLOLSSLQHVWRGHSRUWRUH[FOXGHDQ DOLHQ IURP WKH FRXQWU\ 7KLV EHLQJ VR WKH SHWLWLRQ QHFHVVDULO\ GLG QRW FDOO IRU D VXEVWLWXWLRQ RI WKH 3UHVLGHQW¶V GLVFUHWLRQRQWKHPDWWHURIWKHGHSRUWDWLRQRIWKHUHVSRQGHQWZLWKWKDWRIWKHMXGJPHQWRIWKH&$ ,UUHIUDJDEO\WKH&$KDGMXULVGLFWLRQRYHUWKHSHWLWLRQRIWKHUHVSRQGHQW 7KH%2&&RPPLWWHGD*UDYH $EXVHRI'LVFUHWLRQ$PRXQWLQJ 7R/DFNRU([FHVVRI-XULVGLFWLRQ ,Q,VVXLQJLWV6XPPDU\'HSRUWDWLRQ 2UGHUDQG2PQLEXV5HVROXWLRQ7KH 3HWLWLRQHU&RPPLWWHGD*UDYH$EXVH 2I+HU'LVFUHWLRQ$PRXQWLQJWR /DFNRU([FHVVRI-XULVGLFWLRQLQ &DXVLQJWKH$UUHVWDQG'HWHQWLRQ 2I7KH3ULYDWH5HVSRQGHQW 2Q WKH 6ROLFLWRU *HQHUDO¶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