CS Panama Golf[1]

!
!"#"$"%&'("))(*&"++"&,-*./01"&2/(&$()+(*0(&)0//#&2/+&3/#10*&4$/0(-"&
!"#$%"&'#%()#*+(*#$(#%&,'(*,#,#-,.,/,#0('12#$344,#*"$',#%,*(5(*,#"#,#6"738'8#
&
9(4,."2#:;#"''"<&8#=:>=!"!#$%$&$'!()!*$+$,(-.!,/(!0.)1(-2(3!4.+-/!%.%!2522(!-$%%.!67/!()!8#.%2/!
2+$!)/!,5/!9&/+(67/:!;$%2$!$)65%(!,/(!&(0)(.+(!?&88.!,/)!</%2+.!9&/+(6$!.)2+/!$!*)5-!6.&/!-2.+($!
/! 65)25+$'! %$25+$! /! 0$-2+.%.&($3! 9! #$%$&$! ).! -*.+2! *(=! 67(6! -(! *+$2(6$! (%! /-6)5-(;/! -2+5225+/!
-(25$2/!(%!).6$2(.%!-2+$.+,(%$+(/!,$)!*5%2.!,(!;(-2$!*$/-$00(-2(6.>!%/))$!6$*(2$)/!#$%$&$!<(2?!6.%!
5%$! ;(-2$! &.@@$1($2.! -5))$! 6(22A'! 2+$! )/! 6.))(%/! /! )$! +(66$! ;/0/2$@(.%/! ,/))$! @.%$! ,(! B.C5/2/'!
.**5+/!(%!)5--5.-(!+/-.+2!$11$66($2(!-5))DE6/$%.!#$6(1(6.3!!
!
56-"#&3*6#107&3+68&9&:/,*01&
F)!+/-.+2!-(!2+.;$!$!-.)(!GH!&(%52(!,$!#$%$&$!<(2?!/!;$%2$!
5%$!-*)/%,(,$!;(-2$!-5)!<$%$)/!/!-5)).!-I?)(%/!,/))$!6(22A3!
F)!J56$%!<.5%2+?!<)5K!L!M/-.+2!7$! (%1$22(!5%$!*.-(@(.%/!
*+(;()/0($2$! -5))/! 6.))(%/! %/(! *+/--(! ,/))$! <$*(2$)/'! /! -(!
/-2/%,/! -5! 5%! 2/++/%.! ,(! .)2+/! GNO! $6+(3! P.*.! $;/+!
*+$2(6$2.!()!*+.*+(.!-*.+2!*+/1/+(2.!-5!5%!6$&*.!,$!0.)1!$!
GN! K567/'! 0)(! .-*(2(! *.2+$%%.! +()$--$+-(! 0.,/%,.-(! ()!
-.00(.+%.! %/))/! -*)/%,(,/! ;())/! .! %/(! )5--5.-(!
$**$+2$&/%2(!,/)!+/-.+23!722*>QQRRR3256$%6.5%2+?6)5K36.&Q!
!
;6/#"'/#160"&:/,*01&3*$$6#(17&
B5/%$;/%25+$!M/-.+2!<.&&5%(2?!S!5%$!,/))/!+/$)2A!0.)1(-2(67/!*(=!/-6)5-(;/!,(!#$%$&$3!T(25$2$!
-5))$!6.-2$!*$6(1(6$'!$!-.)(!NO!&(%52(!,$!#$%$&$!<(2?'!)$!-2+5225+$!;$%2$!5%!/-6)5-(;.!6$&*.!,$!
0.)1! 1(+&$2.! U(6I)$5-! P/-(0%3! B5/%$;/%25+$! S! ()! )5.0.!
*/+1/22.!*/+!(!0.)1(-2(!*(=!/-(0/%2(!67/!,/-(,/+$%.!5%(+/!()!
0+$%,/! 0.)1! $,! 5%D/-*/+(/%@$! ,(! 2.2$)/! K/%/--/+/! /! ! 5%!
-/+;(@(.! ,(! *+(&$! 6)$--/3! V5--5.-/! +/-(,/%@/! $11$66($2/!
-5)! &$+/'! ;())/! 6.%! ;(-2$! )$0.! .! /)/0$%2(! $**$+2$&/%2(!
$++(667(-6.%.! )D.11/+2$! ,/)! +/-.+2'! 6.&*)/2$2$! ,$!
5%D/-*/+(/%@$!(%!5%$!8K/$67!6.&&5%(2?:!6(+6.%,$2$!,$!
&$0%(1(6(!
)$07(!
/!
$)K/+(!
)5--5+/00($%2(3!
722*>QQRRR3K5/%$;/%25+$36.&3*$Q!
!
!
!
3*0*#"2*&<*+=&"#2&:/,*01&
T(25$2.!$!<.+.%$,.'!2+$!()!;/+,/!,/))$!1.+/-2$!6(+6.-2$%2/!
/!()!&$+/!,/))DE6/$%.!#$6(1(6.'!<.+.%$,.!W.)1!$%,!M/-.+2!
S! ()! )5.0.! (,/$)/! */+! 0.,/+-(! ()! &$+/! /! )$! -*($00($'! &$!
-.*+$22522.! 0(.6$+/! $! 0.)13! V$! -2+5225+$! ;$%2$! (%1$22(! 5%!
6.&*/2(2(;.! 6$&*.! ,$! 0.)1! ,(-/0%$2.! ,$! J.&! /!W/.+0/!
4$@(.'! *$+! XY! ,(! GN! K567/3! W)(! $&$2.+(! *.2+$%%.!
&(0)(.+$+/! (%;/6/! )$! *+.*+($! 2/6%(6$! -5! 5%! 6$&*.! Z!
K567/! *$+! [3! ! \! */+! 5%! *.D! ,(! +(-*.-.'! %(/%2/! ,(! &/0)(.!
,/))/! XN! 0$+,/%! -5(2/'! (&&/+-/! (%! 5%! 6.).+$2(--(&.! 0($+,(%.! 2+.*(6$)/3!
722*>QQRRR36.+.%$,.+/-.+236.&Q!
!
!
5>/&?6/80"2"&<0"#2/&<*+=&"#2&3*6#107&3+68&
J7/! ]5/K+$,$! W+$%,/! W.)1! $%,! <.5%2+?! <)5K! -(!
2+.;$! $))D(%2/+%.! ,/)! ^$))/! \-6.%,(,.! M/-(,/%2($)!
M/-.+2! <.&&5%(2?3! ]5(! 0)(! $**$--(.%$2(! ,(! 0.)1!
*.2+$%%.!6.&*/2/+/!-5!5%!6$&*.!*$+![!/!*$+!_!$!Z!
K567/3! 9! 6.&*)/2$+/! )D.11/+2$'! (! %5&/+.-(! -/+;(@(!
&/--(! $! ,(-*.-(@(.%/! ,$)! +/-.+2'! 2+$! 65(! )$! -*$'! ()!
6/%2+.!1(2%/--'!()!).5%0/!K$+!/!&.)2.!$)2+.!$%6.+$3!!
722*>QQRRR3;$))//-6.%,(,.3K(@Q!
!
!
!
!
!
!
!
!
!
!
!
!
@==(-(*&A1"$."&B&<*&@.&3*$$6#(-"1(*#&
`$+2(%$!PD905$%%.!a!&$+2(%$3,$05$%%.b0.5*3(2!"!`.K3![_c3ZNNZNHY!
T$+$7!#$+(!a!-$+$73*$+(b0.5*3(2!"!`.K3![[H3XNY[[cZ!
!