Beruflich Dokumente
Kultur Dokumente
fËſƚËij
ŋƭŤÓŤƭǠŋƟËƷƚſ§Čģij¼
`ĒË ¼ĒË
ijËƷË
ĒZČŁijË
ŞŞ
2
, ', + %* , ;:@ , , 65 & 6' , ' ;:-6;## 6:'-, =-+ 5-% , ,
#' 5;,# , >5 , - 5 6', ' ',) , -*' 5*'6+;6 66 6' ' + ',6+&
-*':'-,6/5:, 5 - 5 ,: 56:<:@ 5 ) ': 5 +-)5: , = 5*66:0
5 7 ', -55% ',& 6:"* , ' &/':@ %: 6%-, =-56'%:'# ;+&
% , 6' ,, *-5 5":6 5-:<, 6 # 6%> ,): % 5 65: =-, 5: '&
<,,'6 , '
%: :-* 5' 5:0 ;" ;,& % " '#+5 5' * ;, ,@* 5),':
6 , # # , >'5 ', 5-:<,& 5 : ',5<) 6', ' ',) , ', ,
;,) *5-:
%:-/:'-, =-, 5 -""'& , ; , ;, 6*, 5, *,#6: /-5 ,:' " &
@' ** ,-% +': 6% ; ;, +/.5;,# +-)5:'6% *-67 * %,: > 5 , ,;5
@;5<)# >' 6 ,0 -% =' * "<%5 , -& ' > ,'# , >'55 , > 6: ;:6% , ,&
@'* +-)5: , @%* , 6%-, 6 %5 "*<66'# %,#6 * ;+ 6)5 "-,:', 0 + 5,
' 5#;+ ,: ;" >5;+ 6' ' 6 ,'%: 5 ',) , >'5 +': 6%-, -*':'-,6&
*',)6 *' # , *66 , >-** , '**? 5,: "%'#) ': :: 6:' 5:0 5-#5++:'6% /66:
;, : 5 *-:@ > 5 , 6%>-5 ,0 ;5 6->' 6- );+ + %5 ', *:: 5: '/5-&
', < 5%-*: 5 ,:')-++;,'6+;6 #5 ,@ #5++ @>'6% , ;, ',)
66'=
' ',) ;67 ' ': ', 5 -@'* +-& += 5: '*;,# %.% 5 : ; 5,
' :/5 '6&
)5: , ', 5 =-, 5 ',) ,&-5& 5 +6 , ;,
', 6:*.%, ! *,#6: >-%,:
#,# 5/5: ' "<5 '%5 5@ ;#;,# ' /5-#5++:'6% '+ 5*&' &
',6 ;%:%;6 ;:@ , ',# *' " 5: >;5& ), %:&;6 5 ',) , @;5 ,: 5+' : 0
, *' # ( 6%-, 8A
%5 @;5<)0 :&
6%*'% , 5 =.*) 5;,# '6: ' 5',&
, 5;,# , ,
; 56:: = 5*66:7 >5 * %,: : ',5<) ,-% ', ,@* 5&
' ',) = 56%* ' 5: # )-,,: 66 6' 6%": =-, 5 #-5 ?6'6 , , 0 5
' %"-*# /5: ' =-, *: 5 *5'%: 5 6'% *6 ;, 6' #5 "<%* , : ',&
;, 5'% -, ) 5 '6:7 > + 6# , ' 6 5<) '6: ;5% ,, , -%, ;, /-:: 6-
+ , ,-% :>6 ;, > 5 5',, 5: 6'% = 5* :@: 66 6 ', +*:5:' 5: 6 #- ,;5
,-% , %' $ " %* ;, - 66:5 '" ,2 ,-% ;5% ', ,@* 56%": @; % '* ,
6 ;/:%', 5,'6 6)5 "-,:', >5 0 5 +<66: *6 -5@ '# &' 5+,,
5 @;5 ',) , # > %6 *: "5<% 5 & "<5 ', 5#,#6/%6 #5,:' 5 , 66
-56':@ , %: 6'% 6 *6: ;6 + # ', )-*':'-,6%,*'% 6 5-:<,&;,) *&
# 5;+:7 +': + 5: '= 55: 5 ).,,: , 5-: 6 <,,'6 ' <5# 5, ,: 5, %+ 5,
=' * -@'* +-)5: , ,'%: @;6++ ,& ;, , ,'%: 6-"-5: ;" *,) 6 ,:&
5 ': ,0 6 :@ , ;, ' 56:, 6:.$:0 /: 5 ).,,&
:5)6: 6 5#;+ ,: "<5 ' 5 ;, 5 : '%, '#+5 5' * ', ', 5 -**> 5:&
',) , ', 5 5 '6: 66 6' +': '%& )-*':'-, 56 :@ ,0 + %*)+/" '6: 5 (
5 + ,@* 5),': , 5 : ',5<) :5-:@ ;56/5<,#*'% 5 6# ;" , *',)6&
', 5 = 5,'%: , , %*,' 5*# ,:& )-,"-5+ , : ; 5 5%.%;,#6& ;, +&
# # ,:;+ *,7 6 5-%: ', ) * 6 = 5: '*;,#6);56 ',# 6%> ,): ! ;6 5&
' );+ ;, 6% : < 56: % , -%, &+'% >;5 5&+':&+'5&-%0
).,,: 0 6 5',#: ;% ' * :@: , -@'*& ,# *
5) *6 )-++: ' 6 &
+-)5: , @;+ %> '# , ' ',6: ' :: ,'%: ;,5 %:0 %5 %*)+/":):')
;, , '+ +/" # # , ' 5'6& >'** ( ;5% 5,%+ # #, 5'6% 5
)' 5: ,0 ', , ; , 5:'-, #': ', 5 -6':'-, , ' ,%,# 5 =-, ;,
, -, , ' % , ' 5-:<, 5<, , ',6%*" 5,0 ' 5 ++ 5, '%5
#' 5;,#6'*;,# ', <66 *-5" +':%'*" ( :@: ;% ' <5# 5*'% , %* 5 > #0
5 ',) , # " ' 5:7 ,, *-5 5":6
': 5 5 *'6:'6% , "%5 ', 5 *',) ,
<%6 ,6/,, 5 5 : , 6-#5 =-, 5 /;*') =-5 ;# , *' $ , 6'% -% ,-%
3 "5 ';,#4 -55% ',& 6:"* ,60 - = 5& ', /5 = 5':: 5: ; 5 5 - 5 1; &
@#: ' *: 5 , 5:'-, 5 ,:')-++;& + , ' 5, :5 ' ,0 ; :' " 6':@: '
,'6: , '6: 6- ;,%'6:-5'6% '6: ' (<,# 5 ,#6: =-5 ', 5 5': , 3-**, &'6' &
;,):'-,566%'%: ;, 6- ",:'6% #*;: 5;,#4 ;:6%*,60
!
#!#
%8*(%' #:;4=#=# .A'#
!+ #@=;)# )0 #:;10./0'#.*:'#:
%8( 2"*%3%283 22#*
!! :+;/ #@=;)# +)#:)#+=;1&�+B#
).#@;#0;=:#+- )+&&#: +0 D+;=#0F01= &+2;# 0"#0 )#0 0)
!*
0=#:B+#C @:#+*)#& #.:+$:# A#: :1;=+=@=+10 @0" :1'#0)0"#. #+0
#:-;).+#(@0'#0 +0 #@=;).0" .:* 0#@#; #;)&=;&#." =#@#:#=:@'7
=#D= 4.0= @0;=':+&& #+ -1;=:1/
#: )"#0 '#)= +0 "+# +..+:"#07
!) E;+ :1'01;# 1=*1=*:A0 1:@;;+
1:=/@0" :/+==.@0'#0 #+0'#;=#..= += #+0#: #+'#0#0 .+=##+0)#+= :A;=#=
).1 :#+;4:@) &A: )+;=.#.1C#: "#: 1.. '#'#0 #+0# ;=#+'#0"# #C.=*
! # 333( 828:. #: )1=1':4)E #:#+=;)&= @&7 %8 -
!& # ;2, =:+- #10+0-! @:14*)#&
"#; #)01.1'+#-10F#:0; >
!' #
) ,))*82 = ,*,)%3
) ,*&:*'8:2 :83#(*
)& 2% %383(%8@ 2 ',*,)% / 0
1)0 ;) :#B1.@=+10+#:=# "#0 .+- "#:
+;;#0;)&= @& /#0;).+)# 0=;)#+*
"@0'#0
) *' 2%' #: -101/ )1:;=#0 1..#+=
4."+#:= &A: "+# =:#+)@0' B10 ==;*
23# ,,) *"
;)@."#0 % @:@.#0F#0 0+//= #: +0 @& +#;#0 C+# ! )E;;#0:@44! 1//#:F0- @0" #+0;=+'#
1:F#+'#@0=#:0#)/#0 C+# 8 @0" 1.:C1:." -/4� '#'#0
# # "#0 ;=+#'7 :@/ '#)= #; B+#.#0 10F#:0#0 ;1 ;).#)=9 %8 !A
+ 2%3*:*82*#)* :@/ )@� ;+)
'#:"# ,#=F= :1.#/# #+ "#0 10F#:0#09
& *82<%= ,228 %*'(&,#** #:
#@=;).0"*)#& B10 :+#C=#:)1@;#*
114#:; ;+#)= #+0# @;+10 /+= "#: #:=@0'
1.0" #:'#: -:+=+;)
:83# (',) +# '" @& .=:=#*
#=:A'#: -200=# +#.=#.#&10+#:#: =:#&�
+ :>:3:#2* 1 =:+-;#0 "+# #:;=#..#:
!!
% #2)(;" &+
%@%* +# ):/-10F#:0# /+=
4:1.#/=+;)#0 =@"+#0 :F=# =@;)#0
+:-@0';.1;# )#:4+#0! B#:)#+/.+)=# =@"+#0 @0" B#:=@;)=# @0" =+#0=#0 ;)"#0
##0C+:-@0'#0 #: :+=+;)# :F= #0 1.":# #0=)A..=! C+# &% ((? ('
"+# ):/+0"@;=:+# =+#0=#0 ;)"#=7 %8 5A #
& 828:.3 +# :&1.';:#F#4=# ,@0'#:
:A0"#:+00#0
%* 2% 282$#' / 0 #.)# *'#0*
=@:#0 0=#:0#)/#0 / .+#;=#0 #@&=:'#0
!
% %<%** #:;)C+#'#0# /+.+#0.0;
-;;+#:#0 +..+:"#0! 1&= =:+-:#+) B#:;=#-=
+# B+#. "+# D*#:=# #+/ 0);=#0 .
@;;)A==#0 C#:"#0
+ *(%#* 1.+=+- @0" =:1/0#=F#=:#+#:
C1..#0 0.#'#:0 :+;-0=# 4+#:# F@: +00*
F+#:@0' 0#@#:
#+=@0'#0 @&;)C=F#0
* $?.,8#'* += @&#:;=0"#0#0 -0*
".&+00F+#:#:0 ;1.. #+) '#/)= C#:"#0
8:2* :* #8 .=#:0@0=#:).=
;B#:=:';-.@;#.0 =#@#:#:-.:@0'
'
$
'
'
!#&##
* *82<%= *23
?2 #: +;;#0*
;)&=;)+;=1:+-#: A#: "; #)#0
,38$2
ä§ËŁŁĠŤ§Łĭƕ ŞģƷſŤþŁŁþģËŤ§Łĭƕ
ǏĒŷƚſ§ČäƚſǏŁ§ČË ŨǏĒŷƚſ§ČäƚſǏŁ§ČË
$)" -!)- )
''. 8(#. &595 /2.2( 5( &((
,6(%2&#! 8#& &5!( 5/ (
!2( ,&29(-
. 8. #&&#&#. 5!2 '5// /&2(. 8.2(-
*/
(=- &"!& % 32 .6 ,
'&*
- 3 ! &%"&%
!%% !)#!%* !%
#3*! !)#!%* #3*!
!, /#( #' ./2( -) !)13*
-)
&$!. 4:+3 # . 52!(/".5,, 7./,22 !%'&) !)#!%* !%'.)
(%)''(- (2. ( 52!(/"*!2.( 8.
50%
5/2.#( '#2 + .)9(2 7./,22( (5(( '
.#!--*1)-.% -! . !
,6(%2&#!/2( )&2 7)( . 52!(/ /&/2 '#2
#.- "3-)2( ! !)13* !#%
+ .)9(2- 8#// 8. '#2 52 44 .)9(2 5(,6(%2&#!(
)!-)!%
&$&)-
$% !)
$%
(5(( / !&5//&#!2- # #. .&#( /#( (#!2 -)!% ).%#! "!-
(5. 52 +3 .)9(2 . &6 7./,22- 5!
3: :::
5(( 8.2( &52 .//.#!2( .5
// # #(# (&#! #!. /!8.( .#22- .## #! -*--*+
*0*)!$!*++33%)
7- % !
2- !%)80
3&6 , 67= ,
- !' -
0!1
/0 0#1 8##
67 , 662 , 3- : '0" - '$
:0" !8$!%!%'
(-
"!% 6- 15%8# 5590"
2 , 663 , 6(& ,
( ,
(& , = ,
$-" 2*4&*-* 1 $ *%$ "0$ # *+-$ " * /5'.
$. $
,) %$$
$*%$"
07 )711
7#71"((
0'(0*
*' 00 ,6/ /6:,5 (+)+)%
,)$''+
#0%$) )+,(0
2 2
ƭǠ
%4, ,4, ,9 ),!# ! 4%! 4#!
$7,1 4 !%,
"# 6&% (:: *-, -#1+ !- (:: *-, 41+. 4## &4&6
,B ",1"0 55 $3>0&>$ ,0 E("1/,. *B "< ("=(B "<
E1=B(<,%% H,// !," H3//" =",1"1 1B",/ ("<1" "+
!," .3=B<30E0/("
"(<"1K"19
" /.,!' /'' */B"19 "< H," !"0 E* =",
F< E<", ,=B != 6<.B,=*
,.!' "& "..%)/'$. E1"<*"/,*9
( 4;&- -(&83
5$>,0$ G) "< *"% !"= %<1K4=,=*"1 EB3KE/,"%"<"<= 0*B *"EB" 1E< 13* 5C
<3K"1B E1="<"= 0=BK"= E=9
E<", "<4%%1"B ,1 "EB=*/1! ",1 3<=*E1(=+
D$5 K"1B<E0 H,// !," "<." *,"< "< =*/,")"19
- ;85&+- &- ( (-
.45&;-$5@-84;, 4/""-8
4 &4 (1@($4 4* >.++-
0$ 5$>,0$J$5#$ J0>2D 44 +4( 4 (, $-58@ KE0 +0=BK ", H",/ ( (, *8.4 5&+(%- ;-
:>#7K; $> 8>?$5/ @; &4,
&4&(85($-4 , E1="<" .B,G,BB"1 ,1 !"1 (- 88&$- (- (45&'
?D>74:>$0? 0?D ,H5?D0, "4-@/5(5&- ;8.&458++4 31K"<1F*"<1 .31=3/,!,"<B 5- *-11 0#A
.5 584(&-2
J0$ 50$ ( #52 I0$3$> 73>/ ;$.8 (84.- 58*- H"<!"19 ( 1558 5 @;5,,-3
47#G3$ G5# 05#>#$>; ( ( 4(5 4 ;4.1(5&- ($48 5(& 5&+ ( 1. !"< G"<"=="<B"1
3(,=B,.
>7DM#$4 ?D$0,D #$> >$0? )H> ;8.(-;584( "58 ;-5&8 ;4('-8(+ @; =4*;"-3 ,1="=31!"<" !"< EB3*1"1
>0ID3$GD$ G5#
0DD$3?D5#; >$2 , 458- +)&4 &- - 4 /45 =4&+" (5 G31 E1! 1* =B"E<36
0$ M.3$5 )H> >5$G$>>$ ( - ,58@ 5.$4 ;, "58 &4, -84-&,- $4 H"<!"1 !,"="
1!"< ,00"<
H$> #0$ 27?D>74G43,$; 5&5 4.@-8 $58($482 ( >(4 @; (-, &<5&- =B<."< 4.3130,=* 1
0$ ?D$0,D" 1$ 4$.> 27?D>74 5&""- ( 53 +;5 ;- ( 5+58 &- "EB=*/1! 1("E1!"19
MG $M.3$5 0?D G5# 1$ ,>8-$> ,< =BFBK"1 E1="< *=BE0 5&.- $5$8 55 ( -(&85 1! "= ,=B 1BF</,* E* =3
#0$ 0))$>$5M MJ0? .$5 05/ =",B !<", *<"1 E% ",1" =B<." $$- (- 4--;-$ &88-2 !== "= ",1"1 "<*"/,*"1
?:$0?$I$>,HDG5, G5# 8>?$5/ 1BH,./E1( ,1 3<!0"<,. ," 1B=*",!E1( 0E== !"< 3=B"1E1B"<=*,"! (,B9
:>$0? 0?D; $03 #? G5:7:G3> E1! =,"19
1 =,"1 H3//"1 H,< + E6B.B,31< B<"%%"1 E1! ( $4.% (58 4 -845&(3
J0>#" J033 #0$ 04 $>?D ,= DL5? !366"/B =3 G,"/ 0=BK ", !"< "6E/,. =*"*,"1
G4?D$G$>5; 5#$?,>G::$5/ 0*"1 H," DL5D9 E)"<*/ =6<"*"1 H,< G31 ",1"0
.$)05 $># ??$3)$3#D I$>/ E<36= *"1 H,< ,0 "<=B"1 "<*/B1,= G31 "BH= 0"*< /=
35,D! <0$ 43,$ )H> $>5$G/ /-*< "<1"EB 5# <3K"1B ",1= KE KH", ", 3/"1 G31
$>>$ 5$>,0$5 ?733D$ G) KE("/"(B9 KE B<E( F<,("1= "BH= 0"*< /= ",1= KE !<",9 "<
$05$5 $?D044D$5 $>D ,$/ != "=*%B !"< !<", !"EB=*"1 G"<=B1!/,*" E1=* !"< E+
#$ 2$3D J$>#$5;= 7 ?733$5 "<=B"//"< ",1"1 H"="1B/,*"1 B3*"<=B"//"< 1* H"BB"H"<=+
$>>G .$> 2H5)D0, 5G> 57 . ",/ ",9 %*,("1 <",="1 !"< E/,"%"<"< $
+"* $5D 1$ 037JDD?DG5#$ 58 ( ;5,,-4(8 ,(8 ",1 E1=* F<,("1= E0 ,*<"
?DDD 1$DMD *"E $5D M.3$5"
;- (,+4 4 ",("1" <3!E.B,31 ,1 "EB=*+
I$>?:>0 .D /5$>,0$$K/ 4;- "<4 55 ( &4 .4' /1! KE "<*/B"1 $ %F*<B !KE
:$>D$ $7>, H-3$05; 5&;-$5@-84;, .4*5 *<4@' !== 0"*< E1! 0"*< E/,"%"<"<
0$ $4:)0$.3D $05$5 +(& (-
<-&- -$5(+8 1* =B"E<36 ("*"19 3<B
G5?D,>0))" #$> $05$4 D$5/ &- 5888 (- 4-*4(&3 .411"1 H,< G31 1,"!<,("<"1
2G) ,3$0 .D! 0$ 53,$5 "< +31K"<1 E1! 3=B"1 6<3%,B,"<"1 "< 1*
J$>#$5 J$0D$> H$> FN
.>$ ,0/"< 0*"1 %=B 'L <3K"1B H," G3< -E=B ,1 B,0" /,"%"<19
$MG? .G??D" $> D>74I$>/ E1="<"= H"/BH",B"1 0=BK"= ( ;8.&458++4 ,&-
/)```A `f\fkZ
kf`/ H?
\Ē§Čŷ¼ *ģſſ ;>$-)> $- #$:
1$:-/2-; +$2 $@>; +$2,
2/,3 +>$: $@>; +$ ;;$>
$0>+
2)$1$2> $-27 0;;
+>>$ ;$-2$2 D,:$->)$$:
3:)2 >20$E B$:0;;$2" @1
$-2$ $-)$2$ $:14)$2;B$:,
C0>@2) @&F@@$27 @2 A$:,
2-11> $: 0; 0$->$2#$: 3:>&30-3,
12)$: #$2 100 6
0@$ @2#" #$2
-#
6 0@$ @2# @2# #$2
100
-# 6 0@$ 7
}/MM
Ëŷijŷ¼Ł /Ëŷijij¼Ëǜ G2\M`M)f
*ŁijǜģËſ ;300 0- /: F@ 0>$: ģĠË )ŷijĠ¶ (5" C-:# 2$@$
:4*$ B$:+$0&$27 $: 3>3, $:;320 +$&-2 $-
- :3;3&>
#-$2;> -;> #-$ C3+0 $/22>$;, $@>; +02#7 -;+$: 0$->$>$ #-$
>$
:/$ -1 3:>&30-3 #$; 2,
2)$:-2 #; $:;320:$;;3:>
>$:2$>,-$;$2 +337 3 + $- :0,$-;; -;-32 @2# C:
;$-> 2)$1 0$-#$> 0- /: 2 #3:> &A: :@2# 5G GGG
->:$->$:
&$+0$2#$2 223B>-32$27 $-> F@;>2#-)7 $-1 ,3&>C:$,
#-$ D,33)0$,
2)$:-2 :-$;$2
- :3;3&> A$:2-11> ;-$
:-;;
E$: 2 #-$ 6->F$ #$2 3;>$2 B32 :-)->>$ -:0,
B32 +33 C$ +;$0>$" +3&&$2 4&$:" #-$ .$>F> $-2
+: >-,
B-$0$ @ + @& $@$:@2)$27 0 $-20$)>7
-$ ;300 2@2 32F0$; $2>C-, \ Z/MfM*\Z/}
v?MHf?f
/$02" #$2
E$: C-$ F@B3:
; +32 $-2-)$ 2#$:$ 36, ¼Ǐŷ¼ `ijŁǏ¼Ëij¶ ?G" +>
)ŁƚŁĠƷijſƚ Ēĭ HËƚǜ
2)$: $$2&00; B32 33, 2 + ;$-2$: -2:$-;$ 2 + @;;, 2)$ C: ijĒËģ /ĒijŷĒ§Čſ #-$ B-$00$- +> $;>$
->:$->$:-2
)0$ +30>7 3:> 0$->$>$ #$: )$, 02# $-2 $:;>$;
32)$3> $:, -+:$;
22$; :;7 -$ @>$ #$;;$2 $; +&>;2$>FC$:/ -2) 1->
A:>-)$ 62-$: F@0$>F> #$2 +0>$27 B$0 @:3B" #$: +$& @& @2# 0$->$>$ #3:> .+:$02) #-$ :$;;$;>$00$7
$>F> +> -2:- +;
$;>@:2>$16&$+0@2);, #$; &A+:$2#$2 :@;;-; +$2 ;3, $-2 $-)$2$; :3.$/> )$;>:>$>! #-$ 20-2$,0>>&3:1 $: +3>3,
#-$2;> )>7 $2 2$@$2 A+, F-0$2 $>FC$:/; 32>/>$" ):6+E7 3:> /422$2 110$: -0#$: B32 $/22>$2 3>3):&$2
:@2);.3 +>>$ $:2-$$:, -$>$> #$1 +-;>0$03C$: $-2$ C-$ 77 @2#0 +" $: @ + B32 +C@ +;>0$2>$2 /@&$27
2-$" C-$ ;- + 32F0$; $- :3):11-$:$:;>$00$ -2 >7 $, 8-$0$ )@>$ A2;>0$: ; +&&$2 $; 2- +>" -+:$ $:/$ $/22> F@
C->>$: 2$22>" A$: #$2 @:F, >$:;@:) 27 23C#$2" #$: #; 1 +$29" ;)> -2:- +;" #-$ ;$0;> ;$-> $-2-)$: $-> 3>3/@2;> ;1,
2 +:- +>$2#-$2;> $/22> ,$:C +@2);6:3):11 1$0>7 @#$1 ;$-$2 110$: 3&> 2- +> -2 #$: >#>" C$22 #3:> $-2$
)$)$$27
E$: $;>>-)>$ #-$ :-;1 @&)$#$ /> +>>$" ;300$ @;;>$00@2) ;>>>&-2#$>7 $: +3>3):6+E ;300 +$0&$2" $-#$ :@6,
$:;320-$ B- C->>$: 1-> $-, +$0&$2" 6$:;420- +$ >$2 B32 6$2 $;;$: F@;11$2F@:-2)$27
2$1 8$0 31$%97
-00-32$2 @>F$:2 F@ ; +A>F$27 >>> #$: 0@> -2:- +; ;32;> A0- +$2 'G :3F$2> $:+0>$2 #-$
3>3):&$2 <G :3F$2> B31 $:/@&;$:04;7 8?G :3F$2> ;-2# -11$:
23 + $-2$ ;$2;>-32$00$
:)$9" ;)> -2:- +;7 -$ 0>>&3:1 -;> $:,
&30):$- + )$;>:>$>" 1$+:$:$ 3>3):&-$2 C@:#$2 $:$->; B$:/@&>7
@#$1 1$0#$2 ;- + .$#$ 3 +$ 1$+:$:$ -2>$:$;;-$:>$ 3>3):&$27
00$:#-2); +> ;- + -2:- +; #$:F$-> $-2 -1-> B32 5' A2;>0$:2
HH )$;$>F>" #-$ 6:;$2>-$:> C$:#$2" # ;-$ 00$ 6$:;420- + $>:$@> @2#
.$#$; -0#$: ;$0;> @;,
ŋ¶Ɵ
C+0>7 $@2 3>3):&$2
)MfM`µ Z\¶ Z\ƕ\G2H GM\/¶ )MfMA2
%5* *%))8 6%# 85%' ;* %*! (6 ;"*%*68)%8$ *6 ),5** <5,!;62 @;6))* )%8 ) )5%'$
,*%*' + 6#,* )( % 5%85 % 9
*2 %* 5;*5 %6# ;* *%6#* ',*,)* 85 5;$
5%#%8 ;* (!8 % <" *8$ %8 /8)5 :A.. =%5 8<#( 68#* %* '5 @%!82 %#8 >%8 =,*
6/**8 ; 6 %,52 <#58 5 % ;5,/$ ƟƎǠ *ŷ¼ 5 6/5#;*!6$ #8 ,*%*' %(5 6%*5
3(;* % *;5 *%#8 66 6#8 %*6 5 2ij ƷijſËŷËŷ ĒZ¼đ '2 ,58 #*!8 ;# 5;
5%$*5 ;* =,*
6 )%* 8?/%6# 5%86#($ >(8>%8 %**,=8%=6$ ƷſþË äĒij¼Ëij %* %)/566%,*%68%6# 6%** *'(* *5 ;*
8;*! %684 6!8 5 ;5,/$# 8* *85*#)*2 `ĒË ij ¼ĒËſËŷ *);8*6 %( 6
%' /,6%8%,*%582 3** !$
`ƚËģģË ËĒij ĒijƚËŷđ
6 )5%'*%6#* #*,(,$ 3% 5%*54 ***8 ĠƚĒǎËſ ƟƎǠÁđĒģ¼ %** ;5*#, %* #-58 % ;';*84 6!8 5 3)%*
!%',*@5*62 ,*%*' %68 6%# 9
!5*2 5 (*5* @%!8 ;* 5 %68 6#,* !5;24
!<58%!5 (!%5 6/5%#8 5 ,*@5* 6#8%!8 )%8 ) 6;,*?) %"% &&
B) 02D!0 )!0 +0 <2 .=2 <B0 +! .$@! =!+0!< @!B!<!+0* 2) +! +!$!<B0'!0 $0 !0 2$$!0=+)@*
!B@=).0 0=5<B) B$ 0)/!0 $.2==!0 !/ B0 +/ D2<+'!0 .+) 0B< $+-@+D =@@@ E+! !< 2.. !</+@@!.@!8
)@<B)!8 0 =2 E<@!@!
)< C!< +! 2..D!<E.@B0' GB8 +! '<3(* +! @C<-+=)! 0' +0 !B@=).0 E< .!*
<2
C..!< /+@ =!+0!/ 5!* @!0 2=+@+20!0 E<!0 !+ &H
+..+< !0 +'.+) $C< !+0 B=)B0'=/03D!< +0 !+*
G+.-2//0 2 += =!)= )< B<2 0!<'+!=@!B!< 4&
+..+< !0 -* 0!/ '<2(!0 !B<25+=)!0
$+*!. GB*
B/ +! 2)0B0' D20 GE!+ @!B!<=C0 !<0 =@!B!< >
+..+< !0 @<2/=@!B!< B0 %A =@0 +' 9B=+ .= BB0@!<0!)/!<8 +!
+0
C.)!+/ 0 !< B)< GB =@C</!08 +!
+..+< !0 B<2 +0$B)<B/=@G=@!B!<8 0)/ B$ !/ 5+!< +! <! /+@
!< )@+'!0 GE!+ C<-!0 '.@!0 .= 25$ +! '+'0@+=)!0 B//!0 .2-!0 = 2<* = +!< '0G 2$$+G+!.. :B0@!< @!B!<B==!@*
!+0!< 0 ! +! +!<* B0 <00@E!+0* '0+=+!<@! !<<!)!0 /'+=) 0 @!B!<0 GB0'; 6=2 !< )!'<+$$7 B0 /+@ !0@*
=@!B!<0 +0
+..+20!0)3)! )+0@!<G2'!0 )@* +/ '<2(!0 @+. GB )+0@!<G+!)!0 2 !< '< !0 =5<!)!0 !0 2-B/!0@!0 +! $<0G3=+*
@!8 +! !+ !0 @!< D!</B@.+) !E$$* +=-B= 0GBG5$!08
$+0 !0 +! =+) =)!0 @!B!<.'!< D!<.==!0 B<$@!8
0!@ E<!0 $2< !<@!0 +! 2..!/@!0 $C< -.==+=)!<E!+=! /+@ <2'!0 <2=@+@B@+20 @=).+) =)/B''!.@! !+0! 0 !<!
!0 B'<+$$ +/
2<'!0'<B!0 !+0! 5!G+.*
!0=)!0=)/B''!. B0 !. E=)! !* 0 ! =2 !< !< )@ +! +!<5.!@@!0
!+0=@G@<B55! 08 !+0 !< 2.+G!+ B0 =)$@+'!0 +D!<=+$+G+!<!0 +)<! !=)$@=* B= !< !'!0 D20 .+= 0) <2(<+*
B) 0+)@ +! 1 $C)<@! +! 5!<@+20 @@+'-!+@!08 +! 5<2$+@+!<!0 D20 !< +!<.+* @00+!08 2<@ +=@ +! +!<=@!B!< 0/.+)
B5B= B= =20 !<0 +! 8 =+!<B0' .2.+=+!<B0' B0 !/ B=/* D+!. )3)!< # B0 /+@ B) !< <2$+@ $C<
+! )+$$<! =@!)@ $C< !0@<.! 0@!<=@C@* /!0E)=!0 B<25= '!0B=2 E+! +! <!* +!
$+8 +! !+0$)! !)0B0' .B@!@
GB0'='<B55! 2..8 :+< =+0 +! .@+/ * 'B.<! +<@=)$@8 !+ !+0!< -E* B0' /+@ AHH !-@2.+@!<
@+2 .= !<D+!*+!0=@.!+=@!< !+/ 2..; !<* +!< EC< !0 +0 !B@=).0 0B< 4"HH B<2
-.<@ 2//0 2$C)<!<
C..!< =!+0!0
28
+!<=@!B!< $..+' +0 <2(<+@00+!0 )+0'!*
+.. )!+(!0 !00 != <!0G.+' E+< 00 //!< 0!B! !=)$@=/2 !..! -<!+!<!0 '!0 <B0 4" HHH B<2 E= .=2 +! G!)0$*
'<!+$@ +! <B0 %H
00 =@<-! .+@!@<B55! +! <+/+0!..!0 B0 0B@G!0 !+ )!
<'! ! !B@!@8 B0 G!)0
+..+20!0
D20 B0 !=$+00G/+0+=@!< 2.$'0' !B@=).0 0+)@ 0B< .= =@G/<-@ B<2 ) !0 !<.+@@ !< <+@+=)! +=-B= .*
)B.! !+08 0 <!0G.+' E+< != +//!< =20 !<0 B) .= .2'+=@+=)! <!)=)!+! .!+0 B<) +!=!0 !+0!0 +!<*!@<B'=$..8
3$@!<8 :+< !2)@!0 !+0! GB0!)/!0 ! $C< +)<! +0@!<0@+20.!0 -@+D+@@!08
2<'0+=+!<@! <+/+0.+@@ !+ 2.. !.+-@!0; B !0 ,C0'=@!0 !@@+'B0'=$!. !<0
='@ !< 5<./!0@<+=)! +00G=@@==!* G).@ !< +!</<-@ '!0B!< '!='@ +! +! B5B=*0 ! +! $C< +)< =C !B@*
-<!@< <@/B@ 2=)F- 67 B0 =@!..@ /'!)B0' !< +!<=@!B!<8 B) +! 0' =)!= @!B!<.'!< GB< !<$C'B0' '!=@!..@
'.!+)G!+@+' !+0! =@!+'!0 ! !E.@!<!+@* B/ = @C<-+=)! C)<B0'= B2 = +! )@@! !-/ 0) !0 </+@@.B0'!0 !<
=)$@ $!=@8 +0
C.)!+/ !+ !< 5!<@+20 B5B= 2..$)0 !< B0'!$)< 4&HH B<2 5<2 !0*
+0'$!=@ /)@! /+=)@! )+!< /+@8 +! B0' 2 !< <+)@+'!< $C< +! <.! +'B0' !+*
0 ! C!<0)/ GB +!=!/ E!- GB* 0!= $+-@+D!0 !<E.@B0'=D2<'0'=8
+@ +)*
+! )@ )B.! +0 != 0+)@ !@E B= 0)=@ !+0! /<2 ! <B!<!+ +0 C * <!0 +..!'.!0 !<D+!.!+=@B0'!0 C<$@! +!
=!+0!< D2<)!<+'!0 !+@ .= B0 !=+00!0/+* !B@=).0 B0 .+!( =+) D2/ B5@G2..* 0 ! C!< D+!<
+..+20!0 B<2 !<E+<@*
0+=@!< /+@'!<)@8 +! +0 3.0 0===+'! /@ <.=<B)! !+0 @!B!<.'!< $C< +!< =)$@!@ )!0 # 0@C<.+) !+0-2//!0*
)MfMµ MAA?\2G2HAGf
<B55! +=@ !<!+@= =!+@ 411" .= 20 !<!+0* <00@E!+0 B0 !+0 !E+..+'!08 ..!+0 +/ =@!B!<$<!+8 +0!0 !+. != !. != EB=)!0
)!+@ != 2..= -@+D E!00 B) +0 !< $* GE!+@!0 .,)< AH4A =2.. != 00 GB C!< +! @C<-+=)!0 0'=@!< C!<
BE!.+!<'!*
$!0@.+)-!+@ =2 'B@ E+! B0!-00@8 !< 2.. &HHH -E*<0=52<@!0 D20 B0D!<=@!B!<* =)$@! +/ B)<'!+!@ !+0!0 0 !<!0 !+.
E+! !<B/ +=@ $C< )B.! +! 6$+00G+!..7 @!/ +!< B= $<0G3=+=)!0 @!B!<.'!<0 =)$$@!0 /!)<!<! B<+!<+00!0 B$ !/
E+)@+'=@! !<E.@B0'8 4A&
+..+< !0 B* '!-2//!0 =!+08 B$@E!' +0 +! C<-!+8
#" '' ŋƭŤÓŤƭǠŋƟ %(&(&#
ÓéǠǠ
""&()""
"
"
"$
ĸǠ
%#*"(
"
"
$"
$"
éƇƭ
%%"
"
$
%
"
"
#'#
ÓǠ #!!*)%
%#*"( ( -
&
""$
" )$& && (&$
$
$
$" (&#
* ($
&
"
,$&#
(
!& $ &(#
%(&(&# ŋƭ
ŋƭŤÓŤƭǠŋƟ
Ó ƭǠŋƟ #"
# ''
!
!%!
!
(&? -B9 9 9(?(:& B& 9 B?' ( :&9 : /9$-(:(9? 99&- 9(?:&!? B!E(:-5 (, /++ B-
:& (:*B: &?? ( 9 B2B:'- : (: &E&- B:-B?H? +::? :(& -B9 (, B-:*9(,(-+,? /&?? ,-
&:&- :( HB:?H+(& 3B- ??:&' 9&--5 / &? :(& ( &+ 9 9,(??' (-- 9$+9&?- 99-$B-$:E??'
+(&4 ,(? &-2: +?5 +! B-D9:?B9? +B-$:D9!&9- (, 9(& 9 99B&' E95 B?:& -/D- E9- D/- F'
9--?E(-:-B-$- 9,(??+? 9 /++ :?B9- AI1A $$-C9 AI1I B! "<A ,&9
B$/:+E- B:$//?? (: D/- C9*-
6,(? (-, ?B9:&- D/- D/9B::(&?' +: D9/22+?5 - (-, $9(&? B- ( E(9B, D/- B::- B- -'
+(& ,&99- B-9??B:- B9/ HB, */,,? : /++*9(,(-+,? HB , +9' 9- F''??:-$&09($-5
&?(+ 9 B-:92B+(* B?:&+-75 ,(9-- 9$-(: 6( 9 35554 - '
( (9' B- &-2:,:& (:? 9:&9' B?B-$ $E/---- 99B&:?B9*9('
*- :(,2+ B- H($? E( -!++($ 9 B' ,(-+(?? &-+? : :(& !C9 ( ?9$9B2' 9 E+?9E(-(:,B: :&+$? :(& (
9/2(:& (---,9*? !C9 : /9$-(:(9? 2(9B-$- ( 9 ,(??+9- :&E9- B- - (-:?H- 9 2H(+(-&(? : /++:
99&- (:?5 --9&+ 9 (:? : -,' /9$-(:(9?- 9(,(-+(??::?B! HBHB9&' -(95 .I 9/H-? 9 ?9 :(- (-HE('
+(& ,0$+(& D99B&:?B92!+(&?($ -- :(- B, (- :/-9: +B*9?(D: ' :&- -(&? B?:&9 9*B-!? :&?H?
9/B*? B-?9 ?B9B::?HB-$ HB ?9-:' :&!?8 ,(? -/9,- E(--B::(&?-57 '/,,-/!C&99
C++95 ( 99/'
2/9?(9- B- HE9 (: HB, :?(,,B-$:' ( (?- (- -- +,B? B-
9(-' &B-$ 9!::? ( :+:? ( B?:&-
+- E/ -- +?H?+(& ( :?B9B-$ 9' - (, AII9'
9: D/- B(:B9$ -& +(-*9(,(-++- (: HB, -/+(*'
!/+$?5 /9B::?HB-$ !C9 - :?B9!9(- -+/ !B&9- B- /9? E$- 9 -(9($' +9 (-
*+-B9$'/92/,,9- 9
9-:2/9? (:? :(? AI11 ( (+-&, , :/' 9- ?B9 !! B- (:+ B-*9?- :(& B: -$:? D/- 9 B:+-(:&-
$---?- 6G:?, HB9 /-?9/++ 9 !09' :(- :&/- +-$ 2::5 /9$- 9(?- /-*B99-H 9+($? HB E9- -B- B&
9B-$ D99B&:?B92!+(&?($9 9-7 , /++ B& -(&? ( &(+-B9+B9 E!!-?5 C9 ( E9 : B9&
3
45 (
'2(9 ,C::- ( ( (- 29 ?-$- ($9??- B- 9( -/& $!&9+(&9 9+B?9?
C++9 E(+ (
2(?B9 B! (&9- /B9- ( &- +:&- &(:*G (, 2* :&,B$$+-5 (-, B$9(!! D(+ ?9 &?- D/- ('
B- ( /-?9/++- D/9+$-5 ( *9*-&!? B:9(?B-$ : /9$-(' -9 9(D+(:(9-- - C9!++- HB
:(9?- 99&-: (, 9(& 9 9' E9-5 B: (:, 9B- C9*+?-
,
6< 9B&:?B9- :&!!? (- $-H -B ' ( '9!? ( ,-&- (-:?H- (&'
( 9 (9'
:& E9- HB, (:2(+ 9/&B-$:+$ !C9 B?:&+-5 ( &' 9 /++'B&:?- B9& ( *--?9
/!!(H(++ (- (!9B-$ -& 9/%9(?-' -:&0&- :?($- !C9 - (:*B: (- F2/' B!:&9(!? 6/+(H(75
-(- B- 1. -& B?:&+- -$,+? --?(++,
%5 B9 9/!::(/-+(?? E-$:+B!($ -&,- ( '-!/9'
3,(? (, !9-H0:(:&- ?B9+$9 , */,,? (- E+?9(?:&!? &(-HB ( 9B-$- HB5 &B+: (-$9(!?9B22
- ( :?-::??(:?(* :?(,,?45 ?' ( ?B9+(*?- (:+-$ &9 B-*--? ,B::? (- - 9:?- :&:
/-?- (::
:&+(& !&9- 9 ++ *E: ,(? , (' E9 B- ( ,- (:&9 -B9 B: ,
&9: 9(?: ## (-:?H ,(? "II
--'
-- AI
+ B:$9B*?-
'2(9 9/$-' B- /?+(&?9(& *--?5 (: ?B-- B9&!C&9- E&9- : (, $'
-& /9-5 , /&-&(- :&/- E-($ (:? 9 -(&? E(9*+(& D9EB-9+(& :,?- /9)&9 -B9 "A (-:?H ,(? #II
E&9:&(-+(&- ++ (-9 /-?9/++ */,,- D(+ ?B9,!(/:( /& B: (' ?B-- E9-5 -HE(:&- 9(?- (
*-- +:/ )9 (-- !099B-$::&(- :,
(+(B5 (-:?H,?- , (,(?5 6-$:(&?: 9
D/9+$-; :: ,&99 *E: $+(&H(?($ , /-*B99-H*,2! B-?9(--9 :?' 29,--? -:?($-- (-:?H-!/9'
C929C!? E9- B- 9 &E(-+ B!' H- :(& /!!-9 ( - ?B9?9C$9- 9B-$- :B&- E(9 &-9(-$- -& $'
!+($? (:? -/& D(+ E-($9 E&9:&(-+(&5 ()-($- B9& ( ( &0&9 E+?' ($-?- E99-7 :$?
C++95 - ,-'
...
...
)
5$6 5A6
0!!0 =!@H@ +! !'+!<C0' C$ +0@!<0*
@+20.! 225!<@+20 C0 !.!-@<20+=)!
20@<2..!08 !C@=)! 2..!/@! @<!$$!0
=+) <!'!./(+' /+@ C=.0 +=)!0 2..!*
'!0 C0 C!0 2$$+H+!..! F+! 5!<=30.+)!
20@-@! C$8 !.=@ /+@ )+0 '!! != +0*
HF+=)!0 'C@! !H+!)C0'!0 ='@ 2=)G-8
2 +! !=5<)! !@F D!< <2 C-@$.*
=)C0'!0 E2< !+0 5<
)<!0 02) <C55+'
'!F!=!0 =!+!0 '!)! != )!C@! -20=@<C-@+E
HC # =+)!< C) F!+. )+0!=+=)! +</!0
/+@@.!<F!+.! =!.=@ E20 .'+@!0 '!=)*
+'@ FD< !08
!<F!+. E!<=C)@ !< 2.. !0 <!0*
E!<-!)< !.!-@<20+=) HC !<$==!08 0 !+*
!0 +0 !< !<5$.H )@ = 2..-<+/+0.* )( *%&(!( "&+" )"$"3:-&"- )"7"- +! @< +@+20!..!
!@)2 ! +=@ )+0'!'!0
/@ +/ E!<'0'!0!0
)< !+0! !0@<.! $D< ")-" )!"+" "*:-& $;3 ',:&&"+=3" = 0C< /+@ =!)= !0@ 5<2 +@!< E!<=@!C!<*
+)!<)!+@=<+=+-20.G=!0 !<3$$0!@8 2) @! !+H3. .= <$@=@2$$ HC E!<F!0 !08 +!
!E2< <! C$ !/ <0=52<@F!' = !<.2-C0' $D< = !<<!)!08 0 '!@<!C <2$!==+20.+@@ !< @!< 0+//@ C) )+!<
2..'!+!@ !< C<25+=)!0 0+20 !<* !/
2@@2 :.2@H!0 0+)@ -.!-!<0; =!@H@ HC8 2 !@<!+@ +!
$+ +0HF+=)!0 0@*
<!+)@ 0.G=+!<!0 2<@ %I !=)$@+'@! +!
$+ 0+)@ 0C< -F= !+0 =20 !<0 /+@@* $<C0'=0.'!0 +0 !+0+'!0 *0 !<0
<C0 C/ +! )< 52@!0H+!..! +=+-!0 C0 .!<F!+.! C) 0-=)+$$!8 +0 !0!0 !/ 2< 0C0'='!/( '!-!00*
+0$2</+!<!0 +/ !< )@=$.. +! 3..0!< 0 +0!
=)! +=@ +!=!.-<$@=@2$$ .= H!+)0!@!0 !+H3. !< <=@2$$ !0@H2'!0
!0 .C'* C0 !!)$!08 :@!)0+=)! .!; 6!@F 2=@<!+0+'!< 2 !< F+< C/ != 25@+=) C0E!< )@+' 0 <!'C*
2) !+ /!)< .= 4II
+..+20!0 2..* ).C0'=3.7 HC !-.<+!<!08 !< 5<+@ .<! 0-=@!..!0 HC E!</<-@!08 C) +0
$!<@+'C0'!0 ..!+0 +/ !=)$@ /+@ +)@* -00 00 '0H.+) 2)0! =@!C!<.+)! !C@=).0 )@ !< 2.. !<!+@= !<=C)=*
*@@!0 +=@ +!= !+0 =)F+!<+'!= 0@!<* !<F)C0' # 2$@ C= 2=@!C<25+=)!0 0.'!0 C$'!=5D<@8
$0'!08 )F)!0 !< !.!-@<20+=)!0 =* 0 !<0 .= C='0'==+= # 0)
@!<$)0 C0' =+0 2$$!0-C0 +'8 C/ !+0!0 !C@=).0 @<0=52<@+!<@ F!< !08
%==%.!,B%# .3$%2 %= .2 %*%3JE* ,1(# $.% E( >%.3% %G%=>%-,=*%-
.>B% >%BJ%39
5.1B%1%(53% H=%3 G5= %.3.*%3 ,=%3 %,=H%=B>B%E%= (F=> $5=B.*% %,%=%=- =E( >B%,%3 %=%.B> %>B.22B% E1%.>-
$%= %33%= (F= $%==B.*% %>!,(B%9 - *E3*>*%H%=% JE >%30%39 .% 0B.53 %3$%- BE3*%3 >5H.%
.%(%=E3*%3 G53 51$#
=E>>%11*%>!,(B% 2.B 2.>>.53>J%=B.(.0- B% /%$5!, 2.B %.3%2 $588%1B%3 158" >B
3$E>B=.%>!,=5BB# 1B2%B11%3# (11%3#
B%3 ' $.% J%.BH%.>% .> JE 4K =5J%3B $%> 11% -.B*1.%$>BB%3 H=%3 *%*%3 $.% 3$I># -!,1B0=%.>%3 E3$ 2.>>.53>-
*%>2B%3 3$%1> 2.B %=>!,2EBJE3*>- (1!,%3$%!0%3$% 2>B%11E3* E( %G%=>% J%=B.(.0B%9 E!, %. $%= %E$%=%.3.-
=%!,B%3 E>*%2!,B ,%3 >511%3 11%3 ' ,=*%# E3$ >8B%=
> 0533B%3 $.% *E3* .>B %> >!,53 JE %B=F*%=%.%3 *%052-
,%3 $.% %E=58.>!,%3 .33J2-J2- $%EB>!, 5B%1.%=> $%3 %=2-
$%EB>!,%3 2%39 51!,% .%3>B1%.>BE3*%3 >B%,%3
B%= G5= %.3.*%3 ,=%3 H526*1.!,!, +.*B%3
+.*B% B%E%=>BJ E( %=- %%3(11> E( $%=
.>B%9
E2 2%,= 1> (F3( .11.=$%3 3!,BE3*%3
3! 2.B %=H%.> 3!,21 >.3$ 3=%*%12+.*0%.B%3
E=5 *%>!,$.*B9 ĸǠ E(
E >B%==%.!, 1%.!,B%= 3.!,B >5 1%.!,B JE %3B$%!0%39 5 (.%1 $%2
.BB% $%> G5=.*%3 ,=- $E=!,>%BJ%39
$ E3$%>=%!,3E3*>,5( E(# $>> %> %.
" '%
J%,3B> >!,BJB% $> F3!,- > -H%.B% %G%=>%- =E3$>BF!0>G%=0E(%3 .3>51G%3B%= 3B%=-
3%= .(5
3>B.BEB $%3 !,$%3 ¼Ëŷ MƭđËŷƚĒäĒĠƚË ,=*%-%=(,=%3
, >!,%.- 3%,2%3 5(B JE 2>BJE>(11%3 029
E> 2>BJ>B%E%=-%B=F*%=%.- ģĒËäËij ǜËĒƚǏËĒſË ¼Ʒŷ§Č B%=B%
B%= E> %.3%2 %.3(!,%3 ,.3B%= >B3$%3 =%$.B.3>B.BEB% .3 1E-
?ŷƷſſËģģË
E=5
%3 E( /,=1.!, 7) .11.=$%3 E=5 =E3$"
=E3 ;F= >B%E%=%,=1.!,% .*%=85>.B.53# $.% $=E( $=3*B%3# %.2
%3 G5=
11%.3 (F= %EB>!,13$9 > H=%3 3B%=3%,2%3
3B%=3% %$%EB%B $.%>
225.1.%3G%=0E( 2>BJ>B%E%= JE %-
11%2 JH%. >5J.1$%250=B.>!,% % .33J- %.3%3 ,6,%=%
,6,%=%3 E(H3$ E3$ $2.B =%!,3%39 .% 30%3 8=5(.B.%=B%3 $G53#
2.3.>B%=# $.% $%2 8E0 %.3 3$% >%BJ%3 ,6,%=% 5>B%3<# >*B .3%= 2%!0# H%.1 >.% $.% =EBB5%.33,2%3 JE= =(F1-
H511B%3" %=35B .BB1%= .3 ,%.313$-(1J B%E%=B%.1E3*>1%.B%= %.2 %EB>!,%3 1E3* .,=%= 5=$%=E3*%3 %.3>B=.!,%39 >
E3$ %%= B%.3=F!0# $21> E3$%>(.-
3$E>B=.%- E3$ 3$%1>022%=B*9 %$%> .33J2B ,BB% $> !,>%,%3# H%33
33J2.3.>B%=9 %.$% >,%3 $.%
6>E3* .2 3B%=3%,2%3 2E>> $33 JE2 %.>8.%1 8=F- %.2 1%.B.%= 3.!,B> 2%,= JE ,51%3 H=9
"
@
>5*%333B%3 %G%=>%-,=*%-%=(,=%39 (%3# 5 >%.3 %>!,(B>8=B3%= %.3 3B%=- E!, ,.%= ,B $%= BB $JE*%1%=3B9
%. *%,B $.% B%E%=>!,E1$3%=>!,(B %. 3%,2%3 5$%= %.3 53>E2%3B .>B? .3 1%BJB%- =E3$>BF!0G%=0E(% >B%,%3 %. !,E1%
%.3%2 %>!,(B JH.>!,%3 3B%=3%,2%3 =%2 11 2E>> %= 1>
.%(%=3B $5!, $.% E( $%= %G%=>%-,=*%-
.>B%9
G52
.%(%=3B%3 E( $%3 28(3*%= F%=9 2>BJ>B%E%= (F,=%39 !,=.>B.39=2B,E3H.H59$% %=1.3
!< A<D-AD<G0 !. JG+0'A 0+)A 0D<
E.*
)!+/ JD/ / !0-!08 )<!0
!A<252*
.!0 !0 )F!<-!)< $=A D= +)<!0 )<'=A*
!+00)/!0 =5!+=!0 -300!0 D0 = !AJ
D=D!0 J).!0 +! A!D!<E<'!< +0 -.!+*
0!0 D0 /+AA!.'<2(!0 A A!0 -<$A+' <D$8
/ D)<'!+!A !< D) 0 !<=G2 +0
!DA=).0 +=-DA+!<!0 +! !<0AG2<A.+*
)!0 +0 !0 A A!0 G+! F+!. D0 G!.)!
<A F20 =+! =+) 02) .!+=A!0 G2..!08
!+. * D0 A<(!0)0!0 =2G+! D==!
.D5!0<!+0!< !+. !< 3$$!0A.+)!0 =!+0=*
F2<=2<'! =+0 $+00J+!<!0 +! 2//D0!0
!0 !A<+! +0 !/ =+! +! !<.D=A! +)<!<
)F!<-!)<=D0A!<0!)/!0 E!<0!)/!0 #
/. +0 +<!-A E!< +! A AG!<-! +0 !<!0
2<A$2.+2 =+) +! !<-!)<=!A<+!! !$+0*
!0 2 !< +<!-A 5!< !<.D=AD='.!+)8 /
D<)=)0+AA .+!'A !< 2=A!0 !-D0'=*
'< .=2 !< 0A!+. !< !A<+!=D='!0
!< D<) )<'=A!+00)/!0 $+00J+!<A
+=A !+ >1 <2J!0A8 = +=A )2) +/ !<*
'.!+) JD A A!0 G+! <+= G2 0D< !AG BK
<2J!0A !< 2=A!0 !+0'!$)<!0 G!< !08
2) != '+A D) D=<!+(!< 0) D0A!08
G2). =+) !< )F!<-!)< +0 $=A ..!0
A A!0 52=+A+F !0AG+-!.A !JD=)D==!0
+)0 !+0+'! 2//D0!0 G+! D+=D<' =*
=!0 D'=D<' D55!<A. 2 !< !<)D*
=!0 /+A B% <2J!0A D0 /!)<8 := '<3(A!
' (# <2.!/ =+0 +! )2)!0 2=A!0 $E< +! 0*
=A0 ).AD0' !< 0$<=A<D-AD<; ='A .+F!<
2.$$ D5A'!=)$A=$E)<!< != !<0 =
!DA=)!< !<-!)<=D0A!<0!)/!0 678
B%
+..+20!0 D<2 =+0-!08 2< JG!+
)<!0 0.52.+A+-!< !+0! 0!D! A<(!0)0.+0+! AAA A<(!0)0!0 -/!0 D) 5<!+=*
=A<+)!0 +! A AG!<-! !<!+A= &KK KKK 9D!< D<) +! A A D!0 # $E< <D0 C&K G!<A!<! .A!<0A+F!0 +0$<'!8 +!
E0)!*
D=-+.2/!A!<8
+..+20!0 D<28 <E0! D0 +0* 0!< !<-!)<='!=!..=)$A !AG =!AJA .
'*$ !< <).A != !=A!)!0 !0 -! F!<=)+! !A!0 !0 D +/ A A<A D) D==! /+A 0)0'!<0 $E< 4BK )<*
)+!0!00!AJ!= '+.A +0 !< <)!+0.0 *5$.* /+A E!<G.A+'!0 !<
!)<)!+A8 2) ?? '=A! !+08 +! 5J+AA .+!'A BK <2J!0A
J+=)!0 0 D=A<+!=A A .= :=!)< =)G+!<+'; <2J!0A !< )!0!< =5<)!0 =+) +0 !+* E!< )!<-3//.+)!0 !.!0-D==!08 0 !
)!+(A != D$ 0$<'!8 +! +00J=+ADA+20 0!< E<'!<+0+A+A+F! '!'!0 = <2,!-A D=8 +!=!=
)<!= $E)<A =+! JD !/ H5<!==D=.+*
!+ A A D0 0 =)<0-A!0 +! 5+!.* !.=A !< $2< !<A !+ 0!D!0 )+!* 0+!0 !+0 /+A G!0+'!< .A!=A!..!08
<D/! :$E< !0 <).A != !<J!+A+'!0 0!05<2,!-A!0 +0JG+=)!0 /!)< !0=++.+*
+A =2.)!0 20J!5A!0 !A<!+A +!
=A<- !+0;8 +0! A<!-! 0) <+!*
E0)!0!< !<-!)<='!=!..=)$A +)<!
=!0)!+/ -00 2)0! 0+!<D0'=+0F!=A+A+2* *)0!0 </= D0 D==! -2/5.!AA !+*
0!0 0+)A G!+A!< !A<+!!0 G!< !08 !<!+A= '$'$$$& &&)## '!0G+<A=)$A.+) # .= !+0J+'!= 0A!<0!)*
CKK" GD< ! !+0! D00!.=A<!-! =A+..'!.!'A8 /!0 +0 !DA=).0 8 :E< !0 .D$!0 !0
?ŁſƚËij¼Ë§ĠƷijþſþŷ¼ŋ ËĒĭ ËƚŷĒË ǎŁij
2.)! D00!. !0A=A0 !0 2$A +0 !0 !)* ƷſſËij Ʒij¼ ČijËij !A<+! '+A != -!+0! D=)E==!; )!+(A !=
J+'!<* D0 +!J+'!<,)<!0 .= D0 D0 2<A8 D< ADAA'<A D0 /D<' ).A!0
0 !< +! 3)<!0 /+A += JD 1K <2J!0A $3<* ĸǠ Ēſ ŋǠǠ ZŷŁǜËijƚ !+/ 2=A!0 !-D0'='< /+A 1& !J+!*
!<A!08 2) +! D='!0 $E< 0=A0 ).* )D0'=G!+=! 1K <2J!0A 02) 00)!<0
&3- 4'!' 1311-1
AD0' D0 0+!<D0' 9D.!0 )!DA! ,! !0 )<+AA8 .= /+AA!.'<2(! A A '+.A <!+D<'
//!<!<8 0 ==!0 /E==!0 +0 !0 -2/* /+A "" <2J!0A D0 !=G!+A .= 2<+. 8 !*
ÓǠ Ēſ ĸǠ ZŷŁǜËijƚ
/!0 !0
)<!0 )<.!+AD0'!0 2..A<!55!0 F!<-D=!0 -2//A !!0$..= D$ "" <2J!0A
D0 D'=+)!<D0'=0.'!0 !<0!D!<A 2 !< 4..%(- -3-1 -'$3-1 -#3- -%.-3! !A<!+A !< -!+0! A<(!0)0!08
..%
5-$3.' #'7 ''!#&
=0+!<A G!< !08 D< D=A0J!<).AD0' !< !+. !< +0
!A<252.!0 G+! !<.+0
==!0!< !<-!)<= G<! :!+0! <!'!./(+* D0
E0)!0 )=AD/=<!'+20!0 G+!
ƇǠ Ēſ ÓǠ ZŷŁǜËijƚ
'! D$E)<D0' F20 +'!0-5+A. 02AG!0 +' +!.!$!. D0 !+5J+' 2 !< 0+*A A!0 G+!
G= 0'!=+)A= !< D=).A=.'! !< A A !' -%#' #%% -.' && )%' </=A A D0 <!+D<' 22/A D!0 +!=!
-%
#+7#
36#.!' 4'.1- 4-'-
==!0 JD<J!+A 0+)A /3'.+) +=A; )!+(A != 2<A8 (.1($ --4$' #.' A A! +)<! A<(!0)00!AJ! !002) D=8
.!+)J!+A+' '!! != $E< !0 <).A -2//D* 2) D) 2<A G+< !. -0558 .= :)2)*
0.!< 0$<=A<D-AD< :-!+0! 3< !</+AA!.;8 ƎǠ Ēſ ƇǠ ZŷŁǜËijƚ '< +' 5<2.!/A+=); !J!+)0!A +!
E0*
G< J).A !< D0 ,! !=
)< 4B
+..+* )!0!< !<-!)<='!=!..=)$A +! +ADA+20
(!3& -&' !&'#17 (-1&3' %.'"
< !0 D<2 .= =2'!000A! 0A$.!)AD0'=* $#-!' %%2 ''(5- 3-
-!3.' !+ !< 0+!<D0' !< *)0)3$! F20 !*
/+AA!. 0 +! 0 !< +! !AG ,! JD< .$A! (%#'' 3++-1% 0!0 !+0+'! +0 +!
)<! '!-2//!0 =+0 8 $*
)MfMµ w )MfMZMMAƕ`fZ/H *A*A
f
<!- +=A D$'!<!'A8 !< +!<,)<+'! ).A 0+)A ID; D0A!<=A<!+)A <A+0 )./00 +! 2..!'+0 F20 !< 0 !<!0 !+A!
<!+ 200!0.D/!0 D0 !+0 =!.=A 2<=+AI!0 !< !< <!+=D!<0=)$A !AA* 0+//A = '!.==!08 := G< !+0 D=<DA*
'!/.A!= +. +0 !< 0 8 := +=A /008 A!+0<E- F!<=D)A ID !<D)+'!08 =)!< 0) D0A!0; ='A *0 + A+0
$E< A!+0 <D-; !<-.<A !< !DA=)AE<-!8 :+< G2..!0 '<2(! <+FAF!</3'!0 !=A!D* +)!. 2..8 A!+0<E- =2..! D= !<
+A =!+0!0 <!D0 !0 =A!)A !< +/ /+.+!0* !<08 !A<+!=F!</3'!0 .!+A D<) )2)!
0 A'=G). F20 CJ4C 0+)A ID F+!. 2$$*
I!0A<D/ !< <!+A!<G2).$)<A 67 +0 <!+!A<'! G!+A'!)!0 D00'!A=A!A8; +! 0D0' I+!)!08 +! ,! !0$..= =!+ :=!)< IDF!<*
20)!+/ 5.+!<8 !!< A!+0<E- )A =+)
0 G+<A! =)D!0 +<<+A+!<A8 =+)A.+) G+! !< ID '!G+00!0;8
0'!/!. !A8 0G!+A !< 02< <)!+0*G!=A$* A!+0<E- )A != =)G!< +0 =!+0!/
.+=)!0
0 !=)D5A=A A E==!. 2<$ ).-<!+=8 < +=A !0''+!<A =D)A !0 20* ?2H w/`A`f2GGkH*
-/5$A !< ??*)<+'! # G+! =)20 CJJ1 # $$!0< ID !)A !<'+A !+0! =520A0!
D/ !+0 +<!-A/0 A $E< !0 +0ID' +0 /$<'! D$ !< A<(!8 :<D 2.. +=A )+!<
!0 !DA=)!0 D0 !=A'8 /.= =)!+* +/ <!+= !.+!A A!+0<E- G+< != =)G!<
A!<A! !< 2I+. !/2-<A +!=!= . .= )!0; ='A !< ?"*,)<+'! !A!< !2<'!8
0I.!<-0 + A G+.. !< != =)$$!08 !< *0 + A =!+ IG< !)<.+) =!+0!
DA '!.D0A !A<+AA A!+0<E- +! 0I* <A!+ -2//! !< 0+)A =2 'DA 08 : +!<
A'=!+0<+)AD0' =)EAA!.A +! 0 ! F20 '+A != F+!.! +! +)< !+'!0!= D=)!0 )*
D0'!0 D0 )!0 =2G+! !0 !A<!D!<0 !08 +! A<D!0 !0 2I+. !/2-<A!0
# D0 0+//A !=)!0-! !0A'!'!08 !< 0+)A8; = =5E<!0 D) +! !02==!0 F2<
).-/5$!< !<$)<A == >J <2I!0A !< <A8 .D= <A!. +=A /+A 4> )<!0 +0 +!
+0 !< )+!< # G+! <!- # !+0!0 +'<A+20=* !+0'!A<!A!0 D0 .!A 0D0 =)20 $=A
)+0A!<'<D0 )!08 +! 5<)$3< !<D0' <!+ )<I!)0A! +0 !AA/008 < =5<+)A
='!0 +! !A<!D!< =!+ !=). +)<! G+)* /+A =!+0!0 )<0 F+!. E!< 2.+A+- D0
A+'=A! D$'!8 :+)A+' +=A D0= == +! !+ =A!..A !< +//!< G+! !< $!=A := '+A
D0'!0 D0 )!0 =)20 +0 ,D0'!0 )* !<I!+A -!+0! !)=!.=A+//D0'8; ! !<
<!0 ID D0= -2//!0; ='A E<'!0 AA2 !* $E< !AA/00 02) $E< !0 D0 8 :!<
=)$A=$E)<!< != *!I+<-=F!<0 = <!0 +=A 0+)A D$ D0=!<!< !+A!8;
+! !<<)!+0 # D0 .+!$!<A A!+0<E- !+0! 2 =)0!.. G+.. A!+0<E- !0 !AA=A<!+A
A!+.F2<.'! D/ '!'!0 +! !'+!<D0' ID D/ !AA/00 !< 0+)A D$'!!08 /
G!AA!<08 := !A<!DD0'='!. G+<-A !/ `ŁijijËijģƷĭËijâ $ %$# (/+ #$ ).=A0 +0 !< D('0'!<I20! G+=)A !<
!0A'!'!08 /+.+!0 G!< !0 !.2)0A +)<!
+$(/! .)+ #+ # (/$$
1#%" +! ! !0-!0 !+=!+A!8 0A!< !/ *
+0 !< ID D=! ID .==!08 = +=A !+0! $* D0 !=-0I.!< !<)< )<3 !< )AA!0
A.! !).!0A=)!+ D0'8; A-A ID !0 E<'!<0 )3<A ID D0 !<-.<A # += ID I!)0 +..+20!0 !0=)!0 /!)< +!
D0 G+<-A !002) IDG!+.!0 F!<.2<!08 '!G).A .= !+ !< D0 !=A'=G).
H*`f vM\ HkH `fk\H )20 CJJ1 D0A!<.' !< +/ /5$ D/ = CJJ18 := '+A '!0D' 52A!0I+!..! *)*
2 !+0$) G+! AA2 /)A !=
0 G+<A +=* +<!-A/0 A !< *0 + A+0 +* .!< '!< ! +0 8
) +0 )+!< D/ =+! ID
!<A E0=A!< !/ *0 + A!0 !+ )!. 2.. !DA.+)8 D< !< =+)!<D0' /2+.+=+!<!0; ='A A!+0<E-8 00 <+)A
!==!0 IG!+A!/ A255 0+)A8 !+A 4JC )* D$ !< *
0 !=.+=A! F!< 0-A !< !)!* !< ID D=!=D)!0 D$8 +! <!==! <$
<!0 G+< D$ !/ 2$ !< /+.+! +0
0* /.+'! +0+=A!<5<=+ !0A F20 =!+0 0+)A /+A8 !< *0 + A )0A 2$$!0*
'!0$!. =)20 +.) 5<2 DI+!<A8 D) D0 !=A'=/0 A8 D0 G'A A!+0<E- < G= -2//A8
+! +0 !< +0 +! D(=A5$!0 != D!<0 !+0!0 0!D!0 0.D$8 :
) GD< ! F2< !+0 :!< A!+0<E- /)A D=AE<*).*
A<!A!0 G!< !09 E0=A!< +=A =+) 0+)A =2 5< )<!0 '!!A!0 +!=!0 ).-<!+= ID -/5$9 DA == G+< 0+)A ID D=! =+0 ;
=+)!< :0=
0 G+<A!0 .!+A +//!< G!* ='!0 2A<DA D0 0$<! 2.A!<8 = =+0
0+'!< .)!8
//!< /!)< +0 < !< G!<* 0+)A +! +0I+'!0 +! !/ 0I.!<-0 +*
!0 D$'!=A!..A G2 02)
0 $<!+ +=A G!<* A!0 D= !/ !' '!)!0 G2..!08 D)
!0 A<(!0 '!DA8; !+0! <D0 4JJ !-* Ëŷ ?ij¼Ē¼ƚ þĒģƚ +! 1% +.)-E)! F20
0 G+<A +=!<A
A<
0 =!+!0 D$ &B <I!..!0 F!<=A<!DA8 2 E0=A!< -200A!0 /+A !/ *0 + *
-300! /0 -D/ G+<A=)$A.+) <!+A!08 ģſ ËČŷģĒ§Č Ü ijƷŷ A!0 0+)A= 0$0'!08 +! )!0 =+) '!< !
2..A! ,!AIA 02) # G+! F20 !< '!$2<* F2< !< +AI! +0 !0 A.. ID<E-'!I2'!08
!<A # +! !</3'!0==A!D!< -2//!0 =!+ ¼ĒË `Z ĠŁĭĭƚ 2) .= A!+0<E- /+A =!+0!< 0A2D<'!
!< 2$ . !=)+)A!8 :+! D!<0 =+0 +0 !<!0 A.. /<=)+!<A !<'<!+$!0 =+! +!
+0 '<2(!< 2<'!8 0=!<! '!<+0'! !0A+.+* ijĒ§Čƚ ſŁ þƷƚ ij .D)A # D0 =AE</!0 D$ +! !+ !8
AA .==A !+0! !=A!D!<D0' !< D=A0I +#'(#$$00%'
v
2< !< '2. F!<I+!<A!0
-20!0G0 +0 +! +!!<=)E! D$ !0 '.2.!0 +00I* D0= D0A!< !0 0!D!0 3-202/+=)!0 !*
!< .A!0 +<)! != )!+.+'!0 +-2* /<-A!0 D0 .=
0=A<D/!0A ID< +F!<=+$+* +0'D0'!0 !+0! 52=+A+F! <2 D-A+20=*
.D= +/ 3<$)!0 H0'+ "% +.2/!* I+!<D0' !< !+0=!+A+' D$ = D0 < 3. '!* H0/+- D$<!)AID!<).A!08; !<.D=A! )2$$A
A!< 03< .+) !< +..+20!0=A A !-A!<+0* =AEAIA!0 +<A=)$A8 2 )A +! D==+=)! !< .==!0 =+) D<) D='!0-E<ID0'!0
D<' A<!$$!0 G+< !+0! .A! <D +! = D=* 3 !<A+20 +0 !0 F!<'0'!0!0 I!)0 )* D0 <2 D-A+20=25A+/+!<D0' D$$0'!08
=5<+)A G= +0 +)<!/ 2<$ F+!.! !0-!0 <!0 /!)< 2. D$'!-D$A .= ,! !< 0 !<! 0 G= +=A /+A !/ !+IA)!/ H0+ 9
:
/ H0+ G2)0A !< !D$!.8 = D=.0 AA !< !.A %>J 200!0 G+! .22/!<' !< 20I!<0)!$ 0AG2<A!A 2)0! ID I3*
=)+-A != ID D0=8 +! G2..!0 D0= D==!0 0$0' CJ4B 0)0 F20 ).!0 !=
0A!<* '!<0 :+0! 2. /+0! +=A IG< -!+0 A2/*
F!<'+$A!0 D0 D0=!<! 2)=A2$$! =A!).!08; 0A+20.!0 )<D0'=$20 = !</+AA!.A!8 -<$AG!<- # !< 0AE<.+) +=A H0+ !+0 '!*
H0+ '!0D!< '!='A A<+D/IH0+ +! <D==+=)!0 2. /+0!0 )!0 IG< $)<.+)!=
0=A<D/!0A8 = =2..A! D==).+!(*
+=A !+0 )2)'+$A+'!=
3=D0'=/+AA!. /+A !=* +0 !< 52=A=2G,!A+=)!0 <+=!0I!+A !0 0* .+) !+0'!=!AIA G!< !0 F20 =5!I+!.. D='!*
=!0 +.$! $!+0=A! 2. =5D<!0 D= !/ <I =).D== 0 +0A!<0A+20.! A0 < = F!<.2* +. !A!/ )5!<=20. D0 F20 0A!<0!)*
)!<D='!AIA G!< !0 -300!08 = )!/+* <!08 2) ,!AIA =!AI!0 =+! ID< D$)2.,' 08 /!0 +! 0)G!+=!0 -300!0 == =+! /+A
=)! !<$)<!0 . !0.D'D0' '!000A
/ )< CJ44 .= E $<+- ID<E-$+!. F0* !0 /3'.+)!0 3-2.2'+=)!0 2.'!0 !+0!=
+=A +0 F+!.!0
0 !<0 +! 0AG2<A !< !<'* +!<A! D==.0 ID< D//!< F+!< D0A!< !0 0$..= D/'!)!0 -300!08; 20 !/ 2<$
D+0 D=A<+! D$ '!2.2'+=) +//!< 2. 5<2 DI!0A!0 )+0A!< )+0 D=A<.+!0 H0'+ D0 !0 2<'!0 =!+0!< !G2)0!<
=)G+!<+'!<! 3< !<! +0'D0'!08 D0 !0 8 CJ4C =A+!' +! <2 D-A+20 D/ == =
3=D0'=/+AA!. +0 !0 0 !0 D0*
= '+.A '!< ! D) $E< D==.0 A<2AI G!+A!<! =+!!0 <2I!0A D$ CC? 200!08 !<$)<!0!< +0!0<!+A!< ID/ D0-.-D*
..!< 0'=A! F2< !0 /3'.+)!0 ) !0 .!+)I!+A+' =D)A! = +0+=A!<+D/ $E< .+!<<!0 /G!.A<+=+-2 G!< !0 -300A! )A
$E< !0=) D0 /G!.A8 +! !'+!<D0' +0 2)=A2$$! D0 /G!.A=)DAI
0F!=A2<!0 !< '!)3<A # D0 '+A +)0!0 <!)A :+!=!=
2=-D =!AIA D$ 2. .= !+./+AA!. '!'!0 $E< += ID "? 2. 5<2,!-A! /+A !+0!/ 2* E<'!<.+)! 0''!/!0A -00 +) 0D< ĉ
Ë
0,A !< !F4/.!<D1(9; `ƚŷăË
*/ !"8 >99*9("/ 1!"8;*0/
,! 1G3*1!< !< 3/I0!A/+3/ 0,+
þ
1!1 *!1 G!1,(!< <3/!0! 0,A !< /+
HĒſČijĒĞ HŁǏþŁŷŁ¼
ŷ
!1/D(D1( /= ,! E<(!< F31 I1(, *
!1 (!=!AJ/,* F3<(!=*<,!!1!1 1*4+
Ē
?ŷſijŁƚƷŷĒijſĠ
<D1(!1 E!<G,!(A ,! <!D ! E!< 1!D! ZËŷĭ
<!,A=6/AJ! ,! 1(=A F3< !0 I1, 9 3 éǠǠ Ġĭ ?ſij
Ë
./%%A ,10,AA!1 !< / !< != </ !< <+
A!< !< 3/ 0,1! 3<3 /= G<! !,1 =A!+
þ
ǕijþĒ
<3, ,1 ,! (<E1! 1 =*%A !,1(!=*/(!1
ģ
# !A<!,!< *,!< ,=A !,1! 3/I0!A/+3*A!<9
GŁſĠƷ \ËŞƷģĒĠ
:,< D!1 *,!< -! !=
*< JG!,
,//,31!1
`§Čđ=ĠƷƚĒËij kä
[ƷËģģ˵
311!1 !=A!,1 ; A!,/A !< D=%E*<!1 ! ËĒþËijË
ŷ
\ËŞƷģĒĠ fſ§ČËģĞĒijſĠ
,<!.A3< /!.=1 < 3F,.3F 0,A9 30 <+ \˧ČËŷ§ČË
ƷŷĞƚĒËij
ČŷŁǏſĠ
k
A!<<1 =*DA !< E!< ,! !<4//GE=A!9
31 *,!< 3!1 =!*!1 ,! F3// !/ !1!1
=AG(!1 G,!
,1,AD<=6,!/J!D(! D= ,!
=,* ,! <A!<G1 *!<D%=*<D!19 :
!+ /D(D1( D1 1D< G!1,(! D1 !<A
!A!<
! 311! !1A*/A %E1% <00 3/ 9; !1A%!<1A F30 3*1(!,!A 1 !0 /E==+
D* ,! !1*<A! .A,!1(!=!//=*%A *!1 ,!G D= !0 D* *!DA! 13*
3/3A3 !G!<13G3 </ 7:3/ != 3< + <,1.G==!< (!=*46%A G,< 9 D= /A!1
D</;8 =!AJA A<,D0JI1, !,1 D0 D= 3/ (<!<J!,A!1 (,A != *,!< D1A!<,< ,=*!
!0 <J ,! 3/ 6<A,.!/ *!<D=JD/4=!19 !<(G!<.==A3//!1 D<* ,! I1, !, !,+
= !<%*<!1 =!, (!%*</3= F!<=,*!<A 3+ 1!0 1%// E!< (! =*1!// ,1= <D1 +
F,.3F9 :!, D1= (,A != .!,1!1 00 !< G==!< (!/1(!1 .411A!9
<!*!1 .411A!9 1 D1=!< 0G!/A031,+
A3<,1( ,=A =A<!1(9; A=*/,* ,=A = !+
A<,!=!,(!1! 0G!/A/3< 0,A 03 !<1=A!< !=G!(!1 *A =,* F3< !,1,(!1
31A!1 ,1
1/I=!A!*1,. D=(!=AAA!A D%A+ 3 !1+ !< (1J!1 !(!1 !,1! E<(!<!G!(D1(
D1 !G==!<6<3!1 G!< !1 1(!/,* (!(!1 = I1, %3<0,!<A9 4<%/!< =*<!,+
0,A ,(*+!*+!<%*<!1 D=(!G!<A!A9 <=A !1 !=*G!< !<,!%! 1 <=, !1A DA,1
.E<J/,* !<,*A!A 3F,.3F *! ,! <3+ !1A1!<,11!1 =00!/1 1A!<=*<,%A!1
D.A,31==AAA! !<%3/(<!,* !,1! !<6<E+ !,1 300D1/63/,A,.!< *A /(! !,1(!+
%D1( 1* !0 ,1A!<1A,31/ 1!<.11A!1 &# ($) !,) -( ,#)( #' <!,*A D1 !< 3<%6%<<!< =*,.A ,! ,1+
I1,
1(!0!1A 3 !H D<*/D%!19 0-!88"/)"8A-;"8
0/!,0A !< 1* !< 311A(==*D/! JD0 <3A!=A+
:!< !A<,! *,!< ,=A !,1 (<3)!= /D= %E< D1+ 6/.A! ./!!19 1*4<D1(!1 ,1 !1!1 =,*
=!<! !(!1 G!(!1 !< <!,A=6/AJ! D1 F31 !<J!,A 5B5' 3//< *A ,!=!< <<!1
,1!1!A<!,!< D1 !,!A=F!<G/AD1(
D% <!,A==*DAJ D1 .3/3(,! G,< F,!/ !,1!1 !<A F31 0!*< /= C>" KKK 3//< !1 D%(!GE*/A!1 D*4<!<1 JD !<./<!1
!<A (!/!(A; !A!D!<A D* ,.3/, 31 + 3 !< 0!*< /= CK2 KKK D<39 F!<=D*!1 !1 !1 1,*A =!/A!1 ,0 D0D/A9
.3G JD=A1 ,( %E< ,! !(,=A<,!<D1( !< 3* D10,AA!/< 0 1 != 3<%!= 11 =*<!,!1 D% !< !,1!1 !,A! != +
%<,=* (!%4< !<A!1 3/ 0!1(!19 I1(, G,< = 3/ D% F,!/ A< ,A,31!//!<! /!= ,! !<(/!DA! ,! ,*<! <!,A=6/AJ!
,1 /,. ,*A!< D1 , !3E!<G+ !,=! (!%4< !<A ,00!< 13*9 ,! D1A!< 1,*A F!</,!<!1 G3//!19 1 D% !< 1 !+
*D1( D1,%3<0,!<A!= *6!<=31/ D1 !0 /!AJA!1 <!1 !< 0,A =!,1!< 0,/,! <!1 !,A! 3<%!G3*1!< ,! D0 ,! <A3%+
!,1 =A3/J!= *!1 D% !0 !=,*A !=
,+ 525" ,0 1*!1
!.A!<,1D<( !<03< !A %!/1 D1
4*<!1 ,1 ,*<!1 <A!1 %E<*A!1
1!1 ,<!.A3<= 1 !,1!0 *!<0!A,=* (!+ GD< ! G=*!1 ,! <!,A!< *,!< = 3/ 9 :,< =,1 .!,1! !< ! F31 *%!1; =.1+
<,!(!/A!1 !<!,* != !A<,!=(!/1 != =A+ *<! !,1J,(!1 ,/%=0,AA!/ =,1 !,1 6< (+ ,!<!1 =,!9 :!*0A D1= !<1=A$;
6!/1 =,* ,! %<,=* 6<3 DJ,!<A!1 3/ <+ (!< D1 AD%!1(!<E=A! ,! D% D%!1 JG,+ = =*!,1A ,! !(,31/<!(,!<D1( !<
<!1 # %D1.!/1 G,! JD (<3) (!<A!1! *3+ =*!1 ==!<(<D!1 D1 <D0*/ !1 !(,31 G!< /3G=. ,1JG,=*!1 JD AD19 ,!
.3/ !1A%!/1 D1 13* F!<%E*+ *,1 D<*(!J3(!1 G!< !19 3* *A !,1! !<G!,A!<A! 0G!/AF!<A<(/,*+
<!<,=*!<9 <!, (! <!,1! <!,A=+ = =3(!111A! <!,(3/ = =,* .!,A=6<E%D1( 1(!.E1 ,(A # D1 ,! .11
J!,A =A!.!1 ,1 -! !0 ,!=!< ,=+ $+$ D<* /3)!= 6E/!1 D1 EAA!/1 =,* E!<
*<! *,1J,!*!19 1(!G4*1/,*
%$(+
/1( D1(!13<0A!1 H!06/<!9 F30 <J A<!11!1 /==A (!*A D* %E< / ,0,< DA,1= !,* 1 !,1!0 ,<A+
2ij ¼Ëŷ ŞŞđƷſþđ
"889("/! ,0..; D>"89; !*" "9(- 9("*;"8;" >( !*" >9.."/)
*- !// !"8 "9>( "8 08) 8"*; !"8 "*!"/ ?8&"8-*("/ 80;"9;"A")
9*;D"/!" .1(;" 9*( &"8/ ") &>/&"/4 >!". 399;" "9 >( /*(; 90
,//; .("/ >/! !*" *"-" 9"*) 8"(; DA*9("/ !"/ "*!"/ -3()//)
/"8 8;"* @089;"--"/4 8 *9; !*" -;"8/;*@" ("/4 6"8 (;;" + &-"*( 0)089*;D"/!"8
$ /*(; !*" %?8 ">;9(-/! 90/!"8/ D>8 A"8!"/ A0--"/7 8&A1(/; !"8 C"8 ?"8
-;"8/;*@" %?8 ">;9(-/! D>8 %4 !"/ .>8&"84 6 ( &->" *.."8 ."(8
,(+ .#( (; "8,//; !99 --"*/ !*" % *9; @0/ /,"/ >/! )
8"*9"/
"*/" 9;8," ;"-->/& */
0..>/"/ >/! 8) &"9;">"8; >. >/9 .*; !"8"/ 8!*,-"8"/ 08)
%0-&" "* !"8 C8*9("/ /!;&9A(- /*(; !"8>/&"/ ,-"*/ D> (-;"/47
( !". >%;>)
>98"*("/ >. >/!"9A"*; 80D"/;" D> ("/ !"8 % 9"*"/ ";-*(" >80),"3;*,"8
.("/4 -90 &"(; !"8 ("% !"8 8"*"/ () !"8 8"*"/ (-"8 !08;(*/ A"*;"8&"D0&"/4
?8 9"*/" "89(A18>/&9;("08*" 938*(;
>9.."/ ,."/ "*!" */ !"/ ,;>"--"/
.%8&"/ 90 /( / !*" ?/%)80D"/;)?8)
!" !99 "*/" 0*-*9*"8>/& A"*%"-/!"8
!>8(>9 .1&-*( &"A"9"/ A8"4 0 9*/!
!*" >80),"3;*,"8 &"93-;"/4
*" ;8," !"8 8"*"/ (-"8 *9; *(8" ,0.)
.>/-" "8/,"8>/&4 / C"8/ 9;"--"/ 9*"
%9; +"!"/ ?8&"8."*9;"8 !8"*.- 90 @*"- A*"
!*" 4 . /!;& 9*;D"/ =2 *(8"8 ">;"
,( ),+ #+ *A/&"8 9";D; !C-- ."(8 -9 "* 8?/"/ >/! 4 0/ ?!"/
&"&"/ >80)";;>/& >/! -0-*9*"8>/& >9 9*/! 9*" >% !". 08.89( !"/)
?8;;"."8& (?8*/&"/ "99"/ $ ! 9*/!
-"8
-*/,"/3>;D"/4 */ .?(9."9 "9(%; 9*" "8"*;9 "*/ ,0..>/-"8 (;%,;084
"8 *9A"*-"/ >( "*/;8&-*(4 .."8(*/ *"9"9 "8,0.."/ 38&; *(8" ("."/
8*/&; "9 !"/ -;D */ !*"9"8
0->./"4 6*" .*-*"/>/;"8/"(."/ 9*/! >/9 /("8
"8 ;8; !"9 "938(9 *9; >/&"A1(/) -9 !*"
0/D"8/"7 9&; *A/&"84 6*8 9*/!
-*(4 *A/&"8 3,; /*(; -9 89;"9 9"*/" %?8 !*" >"8-*(" /!A*8;9(%; &"&"/
9;8,9;"/ 8&>."/;" >9 90/!"8/
>&"-) !*" &88*/!>9;8*"4 *8 A0--"/ ,"*/" 189"/)
9(8"*"8 >/! "8",8;"/ .*; 9"*/". /0;*"8;"/
-*/*,,";;"/ !*" ,0..>/-"
0/;"8%"*4 . ;"(;*9( */ !"8 >'&/&"8)
8/,"/(>9"8 >%,>%"/47 -0-*9*"8>/&
D0/" *.."8 "*/ "//"8 &"&"/?"8 0-*;*,) 9"("/ !*" 8"*"/ (-"8 9,"3;*9(4
;?8)
)
A
4+$ -CC$4 #/$ 6>?/. >F4+?15?C$4 +$+$4 G 1? -2+. <%3/(=0"/!E1("1 *4<"1 =,* ("1"1 *<"1 KE H"1,( G"<",1+
4$> #$3 $>3/4 $4C. >/?/1$4 +$?/ -$>C I$>#$4; 1!"<= 19 /= !"<
3<0"1.31+ %*B H3<!"1;9 E1!"=H,<B+
+$+$4+$(/$$>C; 3 5 - #? >+F3$4C G$>L$F+C B<3//<B 7
8 !"< =",B DLL@ !," =*%B=0,1,=B"< *,/,66 4=/"<
/CCI5 - H$>+4+$4$> 4/ -C;
4 >5,>/C44/$4 -C #? F<3.<B,".3=B"1 1"E"< "="B+ "B31B KH< F<3.<B,"E
5 -$ I> $? #44 ?5 I$/C; >$2$ >FCC5/424#?8>5#F1C K" 6<F%B ,0 E/, =",1 *<"=(EB+ H,<." :H," ",1 *=BE0=6<3+
4C$> G->F4+ /->$? 4$F$4 9
: /3 LI$/C$4 F>C2 F3 *B"1 1 E1!"=.1K/"<,1 (<00;9 //",1 ,*<" ("="BK+
-$(? >1 >4$K 1G4#/+C$ M"A >5L$4C LF+$2$+C; G> #? 1("/ "<."/ F"<( H< !," /,*"1 1%3<0B,31=6%/,*B"1
#/$ 41 H54 4+24# 95: 4" $?3C0-> >$ -4$C #/$ 5 B,00E1( ("!06%B9 <E1! 1 .3=B"1 !," "B<,"" /EB
$$4?5 I/$ #/$ .5C$441 3/C $/4$3 -?CF3 H54 !"1 G"<(1("1"1 KH4/% 31+ 6<3 *< C? ,//,<!"1 E<39
$# F4# #/$ F>58/? -$ $4. 7"* >5L$4C" /3 4 -?C$4 ->$ B"1 =,1! !," F<3.<B,".3=B"1 3* ,=H",/"1 =*",B"<1 =*31
C>241 9: #/$
$/CL/4?$4 ?522 $? F( E"* >5L$4C 4L/$-$4; G31 F<("<1 ,<B=*%B E1! ./",1" *<,BB" 1 63/,B,=*"0
45 - (G> 24+$ $/C 4/$#>/+ LF F - /4 #$4 +$I/44C #/$ "<H/BE1( E0 5 & ,//,<!"1 "K1.9 "< /1 "BH !," E%+
-2C$4; $/ 14G8(C$ >4$K />C? -(C 4 ->C; 42K?C$4 E<3 ("=B,"("19 = ( ,1 !"0 "H*<E1(=%<,=B "=B,00B"<
?$/4 /$#>/+L/4?H$>?8>$ -$4 4 $>I>C$4 (G> 4 -?C$? -> ",B<E0 KH< C' "1B/=B"1!" ,<0"1E1B"</("1 G31 K"*1 E%
#/$ 4CI/ 12F4+ 3 >$/C?. $/4 -?CF3 H54 >F4# #>$/ "("/E1("1 $ "< ""1 E* =,""1 *<" KE G"<.F<K"1 ,=B
3>1C; $>
$/CL/4? #$> 5 >5L$4C;
4 #$> F>5.54$ 555 1"E" 3<("1 !," E1="<" ,0 E1!"=<B ("=*",B"<B9
2$/$ F( #$3 1CF$22$4 C4# L$/ -4$C ?/ - (G> #/$ LI$/C$ F<3.<B,"/=B"1 "<*4*B"19 $>C;25??$I/I5;#$
H54 M") >5L$4C" /? #/$ >. ->$?-2(C$ /33$>-/4 $/4 4#$
",1 E1!"< !== ,1 !"<
$/C?25?$4<F5C$ F( @"M >5. #$> $L$??/54 ; ,<B=*%B !"< /E" 1 ",1"
L$4C +$?F41$4 ?$/" ?5 >4$K; 1**/B,(" 1BF<3.<B,=,"+ -"-($. 25--#2
$>L$/C $C>+C ?/$ @"% >5L$4C;
<E1( "</3=*"1 ,=B9 "*< 13* /$ $I$>C$4 /$ #$4 G>51>.
22$>#/4+? $-/$2C ?/ - >4$K ? 2$+C #$4 -2F?? 4-$" #??
""1 !"< E1"<"*"1<"1 C/? -$4 F(I4# (G>
-> 4C$>.
H5>" #/$
$/CL/4?$4 (>G-$> 4LF. #? /4?1>C$22 #$> 5C$44. ,<B=*%B=+ E1! ,11K63/,B,. 4$-3$4=
-$$4" ?522C$ ?/ - L$/ -4$4" 1$4 $CI? 4#$>$? /3 -/2#$ ,=B 1* 1=,*B !"< 1B"<1"*+ - "2 '%* <?*
6 3#2 #,#2 <?*
#?? #/$
4(2C/54 F( / -C #$> (G->C" 2? #/$ 540F41CF> LF ?CGC. 0"1 !," !0,1,=B<B,G" "<<"+
4 -?C$4 7% /? E* 54C$ L$4; /$ ->F4+?-GC$> I522$4 (E/,"<E1( != (<4)B" "001,=
9<2* *
G$> #/$ >1$ H54 E") >5L$4C #/$ /4?$4 F4C$> #/$
4(2C/54?>. %F< 1"E" 1G"=B,B,31"19 = *B 2%932#9 /%*'(1
2%933#<9A0
-
12$CC$>C 5#$> #/$
4(2C/54?$>I>. C$ #>G 1$4" F3 #/$ $+/$>F4+$4 ",1" 0%<(" !"< ,<B=*%B=+
CF4+$4 F? #$3 F#$> 2F($4; F( 5?C$4 /->$> 2F/+$> LF G"<1!" :," 0,/,"1E1B"<+
,A%(>23%#2<*" )$
5>L$/C/+$ /4?$>-6-F4+$4 164. $4C? -F2#$4; /$?$ C>C$+/$ 1"*0"< $ ; E1! :," E1+
99%39%'* )*
4$ $? $$4(22? +$$4" I$44 #/$ #>5-C 0$#5 - /3 $??C$> LF ("1 1B"<1"*0"< $ ;
<#=#2<*"7
25 1$>$ $2#852/C/1 #/$ /44L. $4#$4; $44 0->$24+$ /4/. "I./E=,G %F< !," ,<B=*%B=+ %(*A2#9 )-
?C/2/CC +$(->#$; #/$ 5 L/4?$4 >/4+$4 4/ -C 4F> #/$ 3*" "<(""19 ," .166 'LL ,(( ))%
(>G-$?C$4? (G> #? #>/CC$ F>C2 8>$> F3 /->$ 2C$>?H5>?5>+$ "%<(B"1 ,<0"1*"%= 031,"<+
EM7A 3/C $/4$3 G 1+4+ #$> F4# +$$4 #$4 G>+$>4 4. B"1 !<,1 G3< //"0 != .306/,+ ? ?/4# (G>
-> 4C$>4$-3$4
>$/C?25?$4<F5C$ F( @"M >5. >$/L$" ?/ - 4$F$ -F2#$4 F(. K,"<B" B"E"<+ E1! <",B=<"*B9 1CF$22 #/$ +>6,C$4
4H$?C/C/54?.
-$334/??$= 9$44F4+$4 /4 >5L$4C:
L$4C >$ -4$C" 1644$4 ?/ - #/$ LF2#$4; /$ 2??$4 F -
4H$?C/. E% ",1"< ./ KH,=*"1 5 7.",1
>1C$ 3/4#$?C$4? (G> #/$ C/54$4 2? >$4C$2 $>? -$/4$4" E%H1!8 E1! @ 7="*< *3*"< *2#*2'%9 >,*
%**A$ <* %293#93.,(%9%'
4 -?C$4 #>$/ ->$ F( /$#>/+. #/$ $? $/ +$4F$> $C> -CF4+ E%H1!8 ( "= *,"< -"H",/= =2,'29%(39*7)%*%3$
L/4?$4 $/4?C$22$4; -42/ - ?/$-C 4/ -C ?/4#; ",1"1 E<*=*1,BB=H"<B G31 929%> 22"<(%2<*" -
$? /4 #$> F>5.54$ F4# #$4
4 >5,>/C44/$4 F4# #$4 F"< G,"< */"<1 7=,"*" <%,.89 #'29)*"( )
!
F?; 5>C >$ -4$4 J8$>. -$4 #/$ F?$>8>$/?$ /3 ://" (EB ("0",1B"1 1,B,B,+ 2%932#9(%#
*
C$4 /? /CC$ EM7) 3/C 4/$#>/+$4 $(52+$ #$> /4/L/4?$4 ? -54 LF G"1 !," =B"1 KE ="1."1 /E+ "<(%2<*"*
9<2$ <*
$/CL/4?$4; 4$F$4 6-$4(2G+$4 4+$?$CLC; %"1 !"< 1BH,./E1( *,1B"<*"< "*(39 *$
/$2$ 15453$4 ($/$>4 #? 2? E% //"1 "1"1 G31 E<36 ,*&<*'9<2%*"9
39A.2,() *
>(52+ #$> $2#852/C/1; 5 - #/$ F"< !"1 E1! !," 1!"< ,=
/$ $4C>241$4 $+>G4#$4 >$F#$ #G>(C$ ? -4$22 $4#$4" KE !"1 "0",1!"1 H"<!"1 ,0+ %"*'.%9()*"(
/->$ H$>2$ /4?#>G 1$>$/ I$44 #$FC2/ - I/>#" #?? $? ?/ - 0"< 1"E" F<3.<B,=*" 3<+
2%9'()) -
3/C #$3 I 1$2/+$4 F?C4# $/ H/$2$4 >50$1C$4 F3 $-2/4. (1(" "<!*B; =*,06%B EBK
%* *>39%9%,*3$
#$> 540F41CF>; /$ />C? -(C H$?C/C/54$4 -4#$2C & F4# #/$ 3""/ <=,!"1B !"< 0,/,"1+ #)*%33
%
3G??$ #F> - 4/$#>/+$ /44L/$. 4 -?C$ 2?$ 82CLC; E1B"<1"*0"<9 1="=31!"<" ,0
<((
B"E"<<"*B =", :,1 !"1 G"<(1+
31-E1.BE<36B,0,=B"1 1,*B ("+ !," G3< //"0 G31 <3)E%+ %F< !"1 ,"1=B/",=BE1(==".B3< H*=BE0 G31 L & <3K"1B
<"*1"B ," E%B<(=",1(1(" B<("1 ,0 E%B%*<B"<",* 6<3+ /"(B" E0 L 2 E% &5 C E1.B" KE9 G3<E=9
!"< !"EB=*"1 1!E=B<," =,1! ,0 %,B,"<B"19 :"< ,"%6E1.B !"< H,<B=*%B/,+ $>C;25??$I/I5;#$
E1, ,0 "<(/",* KE0 3<03+ E* !," <3!E.B,31 !"< 1+
1B 6<",=+ E1! =,=31"<",1,(B B"<1"*0"1 ,=B 1* ",1"0 6%(7$( 5. ' 5.&(
E0 C # <3K"1B ,1 !," 4*" F.(1( ,0 , H,"!"< 1("+
("=*3=="19 = ,=B !"< =B<.=B" =B,"("19 F< E1, 0"/!"B != F(C>+?$/4+4+$ (G>
4#F?C>/$+GC$> 9C4# EM7M ' 7MM:7
EH*= =",B *B 31B"19 E1!"=H,<B=*%B=0,1,=B"<,E0 --
0 , *BB" "= 13* ",1 ,1E= ",1 EB6EB+/E= G31 D ' <3K"1B
---!
G31 L & <3K"1B ("(""19 ,0 6<3!EK,"<"1!"1 "H"<" --B +#
F."1H,1! .0 G3< //"0 E= 71!E=B<," E 1"<(,"H,<B+ -B6+
!"0 E=/1!9 E=/1!,=*" =*%B89 -B
(1 2<99,%*(*3.2,<'9 :B B5 -% -* -* -$ - +!
," !"EB=*"1 I63<B" =,1! ,0
2%>92 ,*3<) - B6 -* -* -- - - :!
E1, H"1,("< =B<. ("H*="1
993',*3<) -! -! -% - -$ - - :3
/= "<H<B"B9
*!"0 "= ,0 <32=39<*"3%*>39%9%,** 56 ! * )- ** *- -% +:3
, ",1"1 !"EB/,*"1 F.(1( <%*>39%9%,** - - -$ - * 04
E0 D L <3K"1B ("(""1 *BB"
,*39%" *("* ! :; - 4
/"(B"1 !," E=%E*<"1 1E1 ,0 <3<#2* ; :5 -$ )) *- +)
"<(/",* KE0 3<031B E0 %*<#2* 5 - -$ *) -% -$ * 4:
L @ <3K"1B KE9 .3130"1 *B+
B"1 0,B ",1"0 /E= G31 5 L <3+ "(#
"( *- *-* "
+ + ++#( (,("
(
K"1B ("<"*1"B9 "< "<=*E== "+( + "# +"
#
(( *-) *-) *-) *-) *-) ,+ "
"
",(
,1 !"< 1!"/=,/1K /=3 !"<
/!3 E= I63<B"1 E1! 063<+ *<392%.2,<'9%,*- 66 B+ $ - * :)
B"1 %,"/ 0,B "<",1,(B 5& ? ,//,+ <92"3%*"*"- 5 !; - ) 3!
<!"1 E<3 B<3BK!"0 (<4)"< E= %*A(#*(3<)39A- -- B; -) -$ 4
/= "<H<B"B ! !," ,1%E*<"1 @.,29; -- :! *- -% 4:
E0 L # <3K"1B =1."19 %,$3#93'(%)%*@ ---: -B B - -$ - -%* 4)
1=("=0B G"<.E%B"1 !," %*'<3)*"2%*@ ! !65 % -$ +/)
1B"<1"*0"1 <"1 ,0 "<B $,*3<)'(%)%*@ 6 + %- %* % % $- 4:/
G31 2D # ,//,<!"1 E<3 ,1= 22<#2.2%3: ;- ;B *
E=/1!9 0 3<-*<"=G"<(/",* 2A<"2.2%3: 6 ;B - -* -%
"!"EB"B !,"= ",1 ,1E= G31 D 5 ).,29.2%3: B ;- )* * **
<3K"1B9 *<"1! !," ,"%"<E1+ 2%93(,3*A#(! ; +5! ; +5 * )$ * * * ) +3
("1 ,1 !," /",*B HE*="1 *
9((*! !66 !5 ) * * *) +++
%,"/"1 =," ", <,BB=BB"1 E0 3#9%"9! ; !6B ;+ BB! * )- * )*$ +3
' @ <3K"1B9 "< <E1! !F<%B" 5
3/E0"1 6<3!EK,"<"1!"= "H"<" "<1!"<E1( KE0 3<031B ,1 <3K"1B> D 130,1/ "<1!"<E1( KE0 3<031B ,1
!,"
31-E1.BE<.F*/E1( ,1 <3K"1B> C "<1!"<E1( KE0 3<-*< ,1 <3K"1B> ' ,1 E="1! =,=31"<",1,(B> & =3K,/G"<=,*"<E1(=6%/,*B,( "=*%B,(B">
//" 1("1 ,= E% 3<-*<"=G"<(/",*" =,=31"<",1,(B> E"//" *30=31 "EB"<=
G,"/"1 *H"//"1/1!"<1 =",19
*
=2(! !!0 =F)!0 /0)/. 0F= >+) 0+)C F> >+) >!.>C )!=F> L!=>C3=C< 5='C F=)
2)0 H20 !F/00 F0 >-=
I!0+' .CL8
2)0 2=!> >) '!* >'C )=+>C+0 +!- FC2= !+0!> 5+!.*
2='!0>C!=0 0F= /+C >2'!000C!0 F..*
0G'C! 41%M !+0! !+0L+'! !+C! +/ =!* C)!2=+!*!)=F)> F0 =2$!>>2= 0 != >F//!0>5+!.!08 > )!+(C I> !+0! =*
02//+!=C!0 *
2F=0. ;=2!! +0'> 2$ ))2)>)F.! =0-$F=C /
+08 != C!+ '!I+00C H!=.+!=C +! 0 !=!8 ; 0 !=
C)! C+20. !/K 2$ +!0!>< 67 2=C!+. > >+0 -!+0! =!'F.+!=!0 !0 +0* !.+CC '+C !> != -F/ F..>F//!0*
F/ +! 5+!.C)!2=+! F0 /+C +! '!>/C! '=+$$! H20 F(!0 03C+' F/ +!>! C+.+CC >5+!.!8 > '!)C +//!= F/ 20$.+-C F0 2*
+=C>)$C>* F0 2L+.I+>>!0>)$C LF LF '!I)=.!+>C!08 25!=C+20< >'C -!0$!.>8 > .!/!0C
=!H2.FC+20+!=!08
+C I!0+'!0 2=C!0 !$+* != 225!=C+20 =)C! >) LF/ !=>C!0
0+!=C! != +0 >!+0!/ F$>CL !+0 3>F0'>-20*
. !+08 ;/+C )C >) +! G= F$'!*
L!5C $G= > I> +>>!0>)$C.!= ;>C=C!'+*
+C 0F= E4
)=!0 .!'C! >) /+C !0 /)C LF +!>!/ =+!>+'!0 0+H!=>F/ H20
>)! 0C!=-C+20!0< 0!00!08 0 +!>!0 =F0 >C!+0 $G= +! 0.K>! /!0>).+)!= 5+!.!0< >2 -!0$!.>8 J5!=+/!0C!..!
0C>)!+ F0'>>+CFC+20!0 C=!$$!0 0 +H+ F* 0C!=-C+20!08 ;+! F>I+=-F0'!0 !> -202/!0 I+! -!0$!.> $G)=!0 +!>!
!0 +)=! 0C>).G>>! 0) !>C+//C!0 !* >)*.!+)'!I+)C> F$ +! +=C>)$C>* 5+!.! 0F0 F0C!= 2=! +0'F0'!0
'!.0 +! > 0 !='!0+> $G= ,! !0 !+0L!.* F0 2L+.I+>>!0>)$C +>C H!='.!+)= F=)8 +! .>>!0 =20 !0 '!'!0* F0
0!0
+C>5+!.!= !!+0$.F>>!08
+C)+.$! != /+C != 0C !-F0' != *255!.)!.+J /+C!+00 != 0C>)!+ F0'!0 C=!$$!0 F0
5+!.C)!2=+! F0 >)> !!0 .>>!0 >+) F$ +! +2.2'+!< >)=!+C != +=C>)$C>* !2)C!0 !=!0 !=).C!08 =F> .>*
!==C+'! 0C>)!+ F0'>=>C!= /+C /C)!* 02!.5=!+>C='!= 2'!=
K!=>20 +0 !+0!= >!0 >+) /5$!).F0'!0 $G= +! !.+CC *
/C+>)!= =L+>+20 F=).!F)C!08 G= +'F0' H20 >)> !=-8 0- >) .!+C!08 F/ !+>5+!. $G= > 0.+0!*F-C+*
2.. !+0! -!=!+ +! =!+>! >!0-!0 IF= ! +! 5+!.C)!2=+! LF !+0!= L!0C=.!0 20>)F> K >> 0- 3-202/+>)!=
0) !/ +! 20-F==!0L / =C > .!+* 0.K>!/!C)2 ! 0+)C 0F= +0 != +=C* J5!=+/!0C! >!+0 !'!.I!=- 0'!5>>C
)! '!C0 )C: 2.. !+0 0C!=0!)/!0 !+0! >)$C>I+>>!0>)$C8 ;+! !=.FC !> ..! )C8 2 >).+!(C >+) != =!+> H20 != !*
F>+20 0>C=!!0 2 != 0+)C: 2..! /0 +0 >2L+.!0 3-202/+>)!0 F0 F) +2.2'+* .+CC G!= +! 5+!.C)!2=+! +0> 2= F0
!= F>))2F= +! G!=$G..C! C CFC2* >)!0 0C!=-C+20!0 +0 !+0! -.=! 2=/ LF LF=G- +0 +! =!.! !.C8
)0 2 != !+0! /'!)F0'>>C=(! 0!)* =+0'!0< >'C J!. -!0$!.> =2$!>>2= 0 +0!> != !+0$.F>>=!+)>C!0 I+>>!0*
/!0: !.)! =!+>! -300!0 !+ != F-C+* != 0+H!=>+CC 3.08 >)$C.+)!0 5+!.>L!0=+!0 +! F=) >
=
<
20 H20
2+.$F0-$=!9F!0L!0 F$'!=F$!0 2= >) I= +! 5+!.C)!2=+! 02) >)*.!+)'!I+)C !0C>C0 !0 >+0 +>C
I!= !0: 0 >)+!(C /0 !+/ .$/!C!=* 0+)C F0+H!=>!.. !+0>!CL=8 +! !$>>C! > >2'!000C! !$0'!0!0 +.!//8 +*
>)+!(!0 !)!= +0 !+0! -! 2 != +0 +!
+C* >+) +0 +)=!0 0$0'!0 /('!.+) '!* '!0C.+) H20 >)> 2..!'!0 !+ != *
C!: .. +!>! 0C>)!+ F0'!0 -300!0 /+C !0-$=+- 0 2=52=C+20 != )C F/
!+0 5= 05>>F0'!0 +0 +! 2=/ !+0!> +! =!0L!0 >!+0!= !! F$LFL!+'!0 I+=
&+ "!/ /4241-;+"; 4:,
5+!.> '!=)C I!= !08 0 G!= !>>!0 !> 02) )!FC! +0 5+!.C)!2=+!*2=.!>F0'!0
"F7":-1"2? 2 !": 2-D":;-?? 422
F>'0' .+!$!=C >)> .!+)'!I+)C !+0! H!=I!0 !C F/ > >)*.!+)'!I+)C
2=)!=>'!8 LF !=-.=!08 +! F>'0'>>+CFC+20 +>C I+!
> '=F0 .!'!0 ! =+0L+5 +>C !+0$) !=* $2.'C I!+ CH!= )C+'! F0 I!= !0
-.=C8 0'!02//!0 !C!= F0 F. !$+0* H20 != 2.+L!+ H!=)$C!C F0 '!C=!00C H!=*
!0 >+) +0 !+0!= 20$.+-C>+CFC+208 I+* )3=C8 +! )!0 +!
3'.+)-!+C !0 0 !*
>)!0 +)0!0 )C >+) '!0F 00 !+0 =!0 LF H!=5$!+$!0 2 != +! F>>'! LF H!=*
>)*.!+)'!I+)C !+0'!>C!..C I!00 -!+* I!+'!=08 )I!+'!0 !+ ! =!+)C +!
0!= != !+ !0 >!+0! '! H!=!>>!=0 !I!+>.>C 0F= F/ >+! $G= ,! $G0$
)=! )+0*
-00 +0 !/ != ..!+0! H20 >!+0!= -CF!.* C!= +CC!= LF =+0'!08 ! !C I)=!0
.!0 C=C!'+! I!+)C8 !'C!0 >2I2). !* >)I!+'C -2//C $=!+ I+= $G= EM
)=!
C!= .> F) F. +)=! C=C!'+!0 2$$!0 F0 !+0'!>5!==C8 /'!-!)=C '+.C > .!+)!
0)/!0 +! 0C>)!+ F0' !> 0 !=!0 .> I!00 =! !C F0 >)I!+'C8 ! !0 !+*
'!'!!0 )+0 IG= ! C=2CL !/ -!+0!= != ! '+C !> $G= !+ ! ,! L!)0
)=!8
! 0)
!+ !0 >!+0 !=).C!0 0 !=08 ;> >)* +0 +H+ F!..!/ !=).C!0 =2)!0 .>2 % 4M
.!+)'!I+)C +>C !+0 >C+.!= F>C0 != 2 != EM
)=! 0>C8
)=! +0> !$0'0+> '!)!08 0 > 2* >> >!+0! =-!00C0+> +0 != -202/+! >) IF= ! G!= )C 5=02+ '.FC!
I2). >+! F=) )I!+'!0 +! C=$! ,!* !+0/. >2 )2)! !..!0 >).'!0 IG= ! )C* 0 !+0! -2//F0+>C+>)! !=>)I3=F0'
I!+.> ).+!=!0 -300C!08 ;> .!+)'!* C! >) +0 !0 G0$L+'!=,)=!0 0+)C F0!* '!'!0 +)08 / .C!= H20 0F= DM
)=!0 .0*
I+)C L!+'C I00 > !=$2.'!0 H20 +0'C !=I=C!C8 ; ) IF>>C! !> I= !+0! 'FC! !C! != +0 !+0!= 5>K)+C=+>)!0 .+0+-8 +!
+'!0+0C!=!>>! LF/ >2L+.!0 5C+/F/ =!+C != +!>! F>I+=-F0'!0 -200C! +'02>! 5=02+ ! )+L25)=!0+!8 +!
$G)=C F0 I00 0+)C< >'C 5+!.C)!2=+!* =0-)!+C -2>C!C! +)0 >!+0! !>C!0
)=!8
J5!=C! +!-8 / !$0'!0!0 +.!// I+>)!0 41@M F0 411M )3=C! /0 ..!0*
>CG0 ! +! 225!=C+20 F$ I-.+'!0 !+* $..> !=G)C! G!= >!+0!0 !=.!+8 0
0!08 0 +!>!/ .. )CC!0 !+ ! 5+!.!= ",/,$"/2 + #'&'%" 0!F! - !/+>)! =2(CC!0 I= 0+)C LF
+!
3'.+)-!+C >+) F=) !+0 !>C0 0+> !0-!08
>2$2=C $=!+LF-F$!08 +!>! !$)= H20 522"2 5/4241-;+" "+:;?H" B2! +! G!==>)!0 ! !0 F0' -/ 411&8
!+ !0 0C+L+5+!=C I+= '!>C!)!0 >+! H20
4!"00" !-" D4: @I 'I 4!": ): 6II >) !=)+!.C !0 +=C>)$C>02!.5=!+>8
H2=0!)!=!+08
+:"2 B&)";?"00? EB:!"2 1"+: ;"-2 0; !+ != =!+>H!=.!+)F0' !=>)+!0 !+0 '!.*
>)> 2..!'!0 I2..C!0 +)/ /+C +!>!/ ?4&& &C: E-:?;+&?;+-;?4:-;+" +2!, C!=C!= != '!>F0 != F0 $=!F0 .+)!=
!+>5+!. H2=$G)=!0 >> >!+0 .!+)'!* 0B2)"29
;-" /522"2% B+ E"22 ;-+
008 ; ) )! /+) +='!0 I00 LF
+";"2 B2! :/"22?2-;;" -1 B& !":
I+)C 0+)C +//!= LF !$$+L+!0C!0 ='!0+>* !0C>)+! !0 0+)C /!)= F$ +! C+//!0
"-? E2!"02 0;;? ;-+ D42 ):4*"2
>!0 $G)=C8 2) != )F>> '+0' 0) )+0* +0 /!+0!/ 25$ LF )3=!0< >'C! != +0 !+*
/4241"2 B2! -+:"2 "-;?";0-?H"2 D-"0
C!0 .2>8 ;2= >) )C /0 0+)C 0!/ >5C!=!0 0C!=H+!I8
0":2"28 2 "-2": ":-" ";+:"-? !-"
H!=>C0 !0 >> 225!=C+20 >!.>C 00 -:?;+&?;4+" H"2?:0" !""2 B2!
+! I+>>!0>)$C.+)! 2=>)F0' )C
0+)C +//!= LF>C0 ! -2//C I!00 !> +"4:"1" !": !-" -+:" "-? C":,
2)0 2=!> >) F) )!FC! +/ )2)!0 .*
>+) $G= ..! .2)0!0 IG= !< >'C -202/ !B":? +"2 $ B2! B2; +"0&"2 C!= H20 "%
)=!0 0+)C .2>'!.>>!0? != +0C!*
-!0$!.>8 .> !=C!= !> !.C-.+/=C> !-" -:?;+&? ";;": HB D":;?"+"28 =!>>+!=C >+) H2= ..!/ $G= 225!=C+20>*
6 7 !2)C!C != +!>!> !=).C!0 2$C >C=C!'+!08 !/!+0>/ /+C J!. -!0$!.>
+0 != !.+CC8 ;=2(! '!>!..>)$C.+)! -;+": ":;+-"2"2 !/ !FC>)!0 2!.5=!+>C='!= !+0)=
!=F>$2= !=F0'!0 I+! != .+/>)FCL /Ëäƚ ƭÓµ !-" 2D";?-?-42;&00" D42 "G2"; !.C!0 F0 != -202/+0 2>!/=+! *
)!0 '!0F +!>! +.!//>C=F-CF=< >2 /Ëäƚ ƭĸµ !; 4;",+"4:"1 '!. )C >) 0$0' !>
)=!> !+0! 0!F!
-!0$!.>8 F) I!00 +! /!+>C!0 CC!0 /Ëäƚ ƟǠµ !-" 4-2,?"B": =!+C +/ *
2F=0. H!=3$$!0C.+)C #
+! 2=C!+.! !+0!= I!.CI!+C!0 ! FL+!=F0' /Ëäƚ Ɵŋµ !-" 4?"00-2),")"0 ,!0!/
! +F/ +0 !/ != H2= @D
)=!0
H20 =!+)F>'>!0 !=-!00!0 /' !> $G= /Ëäƚ Ɵƭµ !; 404E,+;?B1;14!"00 >!+0! !=>C! )0=!)!0 ! =!+C F0C!=*
,! !> 0 +0 +H+ F!.. .2)0!0 != !=>)!+* 00" ":-"2,"-?:)" ;-2! 420-2" :B&: =)C! 6III850>82='A20C!0CA!=
0!0 > !+'!0! !=).C!0 0+)C LF 0 !=08 B2?": 1"1'*- ",/,$"/2 .KAEM4EA44AE4A4E4@D@44M18>C=C78
2) I> $G= !+0 !+0L!.0!> 0 25C+/. .2 )B0!2": 740-?-/E-E48!"
`
@@==)C.!"0 =+0! 0$.@+10 0"%@+E +=@7 /+@ =1.. "+* ""0 %")@ HC F)<"0 C0! !"/
"+0" =)F"<" 0+)@ 0" .0% %"=@<"-@" =)."+)"0!" `§ČƷģ¼Ëij ŁČijË ij¼Ë <<"+)"0 !+"="= +".= .."= C0*
=".@"0 =1%< "+0" -* 0@F"<@C0% !"= ".!"= HC/ @@==)C.!"0 #& @"<HC1<!0"0 "+0=).+"&.+)
@=@<14)." G41@)"- )C.!"0C C$ !"0 "% %"* +0 <1H"0@ E1/ ")@ C0! <"+)"+@7 = @<"+@
$D< ,"!"= "/"+0F"="07 +" <)@ F"<!"07 +" =@@.+)"0 =Şij #&& +/ C<1*C/ "=10!"<" .D*
F"<!"0 E10 "%+"<C0% HC "* +0%<+$$" +0 !+" +0=+.!C0% C0! @"0 +)@ /+@ "<0C0$@ C0!
%+"<C0% E10 )."<%"0"<@+10 !+" 0$.@+10+"<C0% "<$1<!"<0 +/* & 1<%$.@ =10!"<0 C= =)+"<"<
HC )."<%"0"<@+10 C$%"* /"< C/$0%<"+)"<" 0@"<E"0@+1* C<)@ E1< ).C0%=C=$.."0
k`
@D</@7 1.0%" =+) != "<* 0"0 !"< "%+"<C0% HC< @"C"<C0% && E10 @@"0 C0! 0-"0 ="@H@
=)C.!C0%=-<C==".. /C0@"< E10 +<@=)$@ C0! "="..=)$@7 ƷŷŁđ\Ʒĭ =+) !+" C<14+=)" "0@<.*
!<")@ F"<!"0 !+" !+" %"<!" 0!"<0$..= )""0 !+" <$@" !"= & 0- 56 D"< != ")@ )+0*
<"%+"<"0 C0! <"%+"<@ F"<!"0 $<"+"0
<-@"= != )C.!=G=@"/ *ŷŁăŷĒƚijijĒËij F"% F"<!"0 "@@C0%==)+</"
"<"+@ ="+0 <@+% !+" +0="0 C= !"0 0%".07 1 F+<! !+" & C0! 0-"0C0+10 C$ !"0 "%
C$ !+" .@=)C.!"0 !+" 0+)@
<-@F+<@=)$@ /")< C0! /")< #&&& #&& #& %"<)@ F+<! "+0" $@C0%=*
=+" =10!"<0 +)<" 1<%0%"< C0@"<%"4$.D%@ "= "0@=@")@ "+0 =1* $!!$! #&" C0+10 !C<) !+" +0@"<@D< %"*
!%$ $
C$%"@D</@ )"0 HC "0@<+)* H+.+=@+=)*-1.."-@+E+=@+=)"= "* =)$$"0 =1.. != 2!"<." +0
@"07 0!"/ =+" $D< !+" .@=)C.* /"+0F"="07 != "0@<.+=@+=)" D"<$D)<@
!"0 "+0=@")"0 -1//"0 C) = .+"%@ ! 0)"< .= @@=* E10 0-"0 C0! "<=+)"<C0%"0 F"<!"0 =1.. HF0%=HC=//"0*
=+" +0 !"0 "0C== -<"!+@$+00* =)C.!"0 !+" !+" @"C"<D<%"< =1F"+@ =+" +0 @@=0."+)"0 +0E"=* F)="0 F= 0+)@ HC=//"0*
H+"<@"< @@=C=%"07 = F"!"< HC<D-H)."0 -200"0 01) @+"<@ )"0 )"<%"="@H@ 1!"< +0 F)="0 -00 C0! F+..7
+=@ E"<.1-"0! F"00 !+" C=* F1.."0 @"+.F"+=" 1!"< %0H HC +%"0-4+@.0@"+." C/%"F0!".@
=+)@ "=@")@ !+" D-H).C0% =@<"+)"09 @)+=)" <%C/"0@" 5:"@*$1<*8C+@G*F4;67 *\M`` v\AM?kH*
!"< )C.!"0 C$ -D0$@+%" =4<")"0 HC/+0!"=@ !$D<7 = @<"+)"0 !"< @@==)C.* )
)<H")0@"0 !"= E1/ *
@"C"<H)."< F.H"0 HC ).+"&.+) ="@H@ !"< .@"< E10 !"0 F<" E"</C@.+) /+@ "<)".+* 4+"<%".! 0%"@<+""0"0 )C.*
-200"07 @@=E"<=)C.!C0% @@=0."+)"0 !<C$ !== !"< )"0 C<C."0H"0 C$ !"0 +00H* !"0F)0= F<" "= 0+E C$ "+*
+=@ "+0 )1) 4<1$"==+10".."= @@ !C<) !+" <)"C0% E10 /<-@"0 C0! /2%.+)"<F"+=" 0" =)/"<H$<"+" 2=C0% !"<
:10H+*4+".; C$%"C@ C$ @"C"<0 C0=)C.!+%"0 <+@@"0 !+" C) /+@ "+0"< %<1&"0 "H"==+10 <1."/" HC )1$$"07 0 "+@"0
!"/ =@@.+)"0 4+"<%".!* $..+%"0 +0=H).C0%"0 "<$1.%<"+) E"<C0!"07 +"
<-@H+0="0 FD<* F+<@=)$@.+)"< C0! 41.+@+=)"<
/10141.7 4<"==@7 "+ "+0"/ )C.!"0"<* !"0 =@<- =@"+%"0 0+)@ 0C< $D< "!<0%0+= +=@ !+" "<.1-C0%
.== F+<! !+"="/ %"<!"HC $C=@+* @@=0."+)"0 =10!"<0 C) $D< %<1& +/ 0F"<$"0 !"< 1@"0*
)k`f2`/\ Z?f =)"0 -@ "+0 0!" %"="@H@7 +0 0@"<0")/"0=* C0! "<<C)"<* 4<"==" !+" 1.+@+- !"= -."+0=@"0
C) 0) !"/ C=<C) !"< )C.!"0"<.== "$<"+@ !+" @"C"<* -<"!+@"7 0E"=@+@+10"0 C0! <"+@=* ".= HC "<.+-"07 1) ,"!"
+00H-<+=" =+0! 0E"=@1<"0 F"+* H)."< E1/
1) $D< )C.!"0 4.@H" !+" !C<) !+" =@@.+)" 0$.@+10 "0!"@ +0 "+0"< +<@*
@"< "<"+@ $..+% F"<!"0!" C$-1//"0 HC /D=="0 !+" =+" )C.!"041.+@+- "$2<!"<@ FC<* =)$@=-<+="7 )"< /C== D"<
@@=-<"!+@" HC "<0"C"<07 @* =+) 0+)@ =".=@ =10!"<0 !+" 0* !"0 %+0%"0 E"<.1<"07 "< ).% != @<"+)"0 !"< @@==)C.*
@"0 !+" =@@.+)"0 "0@<.0* !"<" +)0"0 C$%"D<!"@ )"07 !"< /+@ !"/ <.=="0 !"< @@=* !"0 0+)@ 0C< 0)%"!)@
-"0 0+)@ !+" +0="0 =@<- %"*
+@ !"/ @<"+)"0 E10 @@=* =)C.!"0 $D< +<@=)$@ C0! "* F"<!"07 00 +//"< =+) "+0"
="0-@ C0! !+" =+=%".!/"0%"0 =)C.!"0 F"<!"0 !+" 0=4<D)" ="..=)$@ E"<C0!"0 F<" -200* "."%"0)"+@ !$D< +"@"@ =1..@"
C=%"F"+@"@ F<" !+" ).C0%=* @" F1). F"+@<"+)"0!"< 0+)@ ="+07 HC< @ %"=)<+@@"0 F"<!"07
C0$)+%-"+@ E10 @@"0 C0! D< E+"." !+" E10 !"< <1&<@+%-"+@ ".=@ -."+0" )C.!"0=)0+@@"
0-"0 C0! !/+@ !"< G=@"/*
HC=//"0<C) .0%=@ !7 "<*
()
)<"0 !"= C0! 0E"<H+)@<-"+@ !"= @*
@"= $D< != "/"+0F"="0 D"<*
=+0! )<+@@" +0 !+" <+)@+%"
+)@C0%7
=)FC0!"0 =+0! !+" )C.!"0 )C.!"0F)0= H"C%@ =+0! %" "= "+0"0 E"</C@*
,"!1) 0+)@ E+"./")< F)="0
=+" 0%"<"%@ !C<) @+"$" +0="0
F<" "= 0+E C$ .+) @<C/@+=)"0 )1- /+@
"E1.C@+10=41@"0H+.7 fČŁŷſƚËij ZŁģģËĒƚ +=@ )"$*
"+0" =)/"<H$<"+" 2-101/ !"< "%C== 1.!*
>
,6.!.6<,5 &)')'"
04%4%*) ) ' %04 4 0%$
&+$$ %) 0 $0 $/ ) "8/ 0 %)
%$/ / ,1< '7#; 7# (7004 % '7## 0 ''0$"4
& & ! %) ) 9 /#)# ) ) ;: % $/ ) 04%''' # ).
%4 ( $/ / ) 7) /4 %''%*) ) 7/* 0-/)# 4%$ %)
"-0" !"?
&0M H2! &@E K?" H+ 2311"2> @)E ?@E"2 ?EN "HE@+02!, @3 0@ K"22 H!-,?-"2 !-" 6" J"?0@,
32!3? !NH)"/311"29 +"& !"? "?EH2) 3@E32 32@H0E-2) ?3H6 @"2 KI?!"> "?/0?E "-2 3+@E3&&"L6"?E" !-"
@ ?+E" -? "?0-2 NH"?@E !"2 -E"0 H, 789 H?+ !-" 030-@-"?H2) @"- !"? "!"HEH2) !"@ +?-EE@9 : +E -2NK-@+"2
?36@ H1@EN@E?/@E"? -00-)&0-")"? $ H2! "EE"K"?@!?H/ +4+"? )"K3?!"2 ="HE, !-" "K-226?3)23@" &I? GO5F /@@-"?E9 -"
!22 -2
""2@)"&+?9 -? "?0-2 ""2!"E" @+" 2E"?2"+1"2 @")"02 +"HE" )"2"?"00 J-"0 -E)0-"!@+&E -1 L -@E /HE -2 "&+? H2!
!@ "@+&E@.+? GO55 1-E (GO -00-32"2 +?E"? 1 -2!9> "?!"2 !-" ?K?EH2)"2 !-" -22NH&@-+E -2 6?I&E !"2 "?!+E
H?3 "?0H@E9 "?0""2 /22 @-" 2H? !2/ !22 "2EEH@+E &3?!"?2 !-" 2E"-0@"-)2"? H& ?/E12-6H0E-32 H2!
2@-!"?+2!"09
-+?"@ ?3*/E-32?@ !"? EE@0-2-" E-+! @+2"00 32@";H"2N"29 3 ?"-+E"2 NK"- ",
H@ H +- !-" 1"+?"?" H2!"?E -00-3, K-22K?2H2)"2 2"@E 00"?0"- -2E"?2"2 ,
2"2 H?3 -2 -? "?0-2 6H16E"9 0"2 H@ H1 -"1"2@,+"&
4@+"? H@ H1 K"2-)"? 2+?-+E"2)"E?-""2 0@ !-"
""2 J-@-32?"2 L62@-32@6?3."/E"2 !"1 1E NH &")"29 -"1"2@,H&@-+E@?E 3, 4?@" )-"?E 1-EH2E"? !-" 30-E-/9 I? 2E"?,
@+"-2E !-" "?@320630-E-/ NH1 "J3?NH), @"& /"?122 !I?&E" !"? "2!-E"!?H/ 2"+1"2 !-" @EE0-+"2 -2)?-&&"2 H@)"@"ENE
E"2 6-"0&"0! @30HE-@E-@+ )-"?"2!"? , 23+ H@ @"-2"? "-E 0@ +"& !"? "HE@+"2 @-2! @E"00E !@ "-2" "&+? ! K-" !"? -/,
2)"? NH )"+4?"29 -E )0"-+"?1*"2 J"?, 2/ -2 ?-22"?H2) @"-29 -2 "-0 !"?
@E"2 N//H?@ -2 !"? 2"?)-"K"2!" N"-)E9 3+ -1
+""?"2!"2 30)"2 "-1 EHEE)?E"? +?, !-" !@ "0!+H@ -@ +"HE" E?)E @E11E /E3"? GO5O +EE" !-" @+K?N,)"0" 30-E-,
1)?3*+2!0"? "0"@-3 0"-!"E !@ "@+&E H@ !"? ? 0@ /"?122 G' ?3N"2E -)"2, 32 !-"
H&N"-EJ"?02)"?H2) !"? 5A !"HE,
2-+E 2H? H2E"? !"2 3@E"2@"2/H2)"2 -1 /6-E0?"2!-E" "-2&3?!"?E" H2! @"-2" 2/"? @+"2 E31/?&EK"?/" "@+03@@"29 22
"@H2!+"-E@K"@"29 2E"?2"+1"2@+"& !1-E -2 +3+?-@/2E" "@+&E" E?-"9 /1 "@ 1 559 ?N GO55 NH? H/0"?/E,
?/H@ -2)"? J"?E?-" ?"-+"2K"-@" I+, -" +"&E-) !-" 6-E01?/E" ?")-"?"2 @E?36+" J32 H/H@+-19 1 5'9 ?N ) !-"
?H2)@/?&E" !-" 2""2 ?&+?H2)"2 H+ 1H@@ H+ !"? @@"0"? 3+@E3&&/32N"?2 H2!"@?")-"?H2) -+? E3113?E3?-H1 &I?
1@EN NH? 32/H??"2N 1-E2+1"29 2, : 0"-!J300 "?&+?"2 1 -@ NH (O ?3N"2E @-""2 20)"2 "/22E9 1 FO9 H2- GO55
&2) H0- 1H@@E" @+0-"*0-+ H+ -2)"? @"-, ?+ !-" :,/E-" -22"?+0 K"2-)"? )" "@+03@@ !"? H2!"@E) !"2 E31H@@E-")9
2"2 3@E"2 ?H1"29 "-2 @"-E !-" ?2+" I"? "-2"2 @EH?N !"@ 0"-+N"-E-) J"?/I2!"E" !-" ")-"?H2) !"2
0-6?"-@"@ J32 !"?N"-E )HE (OO H& FOO 300? 2E"-0 !"? "?2"H"??"2 2"?)-"2 H& F' ?3,
." 322" @6"/H0-"?E9 H@04@"? K? !-" 2/I2, N"2E -1 +? GOGO NH @E"-)"?29 =-" 30-E-/ +E
H+ !-" )?4*E"2 )3,+33E"? H2E"? !-)H2) !"@ ?H@@-@+"2 32/H??"2E"2 ?0, "-2" "+?EK"2!" H1 5#O ?! J3?)"231,
"HE@+02!@ 2E"?2"+1"2@0"2/"?2 @-2! /0- !-" )"1"-2@1" /?E"00+20-+" "?, 1"2 ! -@E /0? !@@ 12 -2@ +0"H!"?2 )",
1"-@E @"0@E "E?-""2" -" 6-E01?/E" E?-"@/336"?E-32 1-E "0?H@/0- H@ "-*, ?E> @)E "E"? H2/" ?E2"? !"? I@@"0!3?,
)""2 -+2"2 !"2 /E J3?9 = "HE" @-2! !-" ?H@@02! NH J"?0@@"2 H2! /I2&E-) ?/E" &"? E?E")-""?EH2) 9
"2!-E"N-"0" +4+"? 0@ &?I+"? "? !-" -@-, K-" +-2 H@@02! H2! ?@-0-"2 1-E -00-), "- 92 ?"+"2 !H?+ !@ @+0E"2
/"2 @-2! )"0-""2 3!"? +"2 @3)? NH)", /0- NH I"?@+K"11"29 =@ -@E H2)"&+? !"? E31/?&EK"?/" H& @-@ !"@ 2"?,
&)')'" ,6.!.6<,5
+< <7>*<>7 - >- - > &<@ 7&+<'
-(88 ! $-D &-+(& +88< 8(& ( 7/+ ,'
+$ ( D&+7 (& - -( 7>-$8"++ -
D>8,, -"88 -3 - - 7&-+>-$8<('
8& - 8(<D - -(&< , &7 ->7 -* 7 (
? 7 7 (<+(-( - -<8& ( - 8/- 7-
/"< >& $ "/-8 < (+($>-$8>-< 7'
- &, - >- -+ (& $+>($ 73 5(
(--D( 7>-$88<7>*<>7 - & - 8(& $7>-'
+ $ - $ - 7<6 8$< &7(8</2& ( 7(-$
/78(<D - 7 8 7-8 7
-8/+@ -D'
@ 7A+< 7 ><8&+-83 5-<827 & -
8&A( 7($ (8< 8 ( >-< 78&( +(& -
-< '
7 88 - D> ?- +- >- >" (- - $ , (-8'
, - -( 7>-$8*>78 (-D>8&A07 -36
+"+>< " &+$ 8&+$ - 7/%27/) *<
7>* 7 2(<+,7*< >- 7$ 7 ,(< -
+>($ 7- ! (, 078 --/<( 7< -
,,/'
(+( ->-< 7- &, -
/7& 8<7( 7 - (
A(&<($8< - 7/+ ,@ 78<7* 7 7D (< (-
7,<(8& 7(8 -8C,2&/-( 3
D ($<3 ( -* A/++< (,, 7 , &7 8 (- << A 78"&($* (< 8 <-/7<8 8<7' </,/(+(->8<7( >- , (-D +&- +
+8 (- -/7,+ 8&"<8-* "?7 7(@<' * -3 - ( A>7 ( ++(-D 8/ ( (' 7 >& ( @( + - B2/7< >7 - *0--< 8
>- (7, -*>- -3 ( 8<( $ ,(< 7(8*-< - --D*7(8 -+8< - 7 7 8- 7 -* +/83 ,-&8< *7& -3
>*>" - D> ><8&+-8 DA (<$70%< , -& (-< 727 <( 7 - - + & 7 +8
#*/:'.#%(0#/9%9+. *(.#*0*9%9+.
7 (<(-8<(<>< >"3 7 >7& ( (--D' 2/+(<(8& $ A/++< 8 2" 7 7 /,, 7D' )/' #/ /*' 6/3 #*0$&6/!* '(00 /7%!/ '%*%$'/"
*7(8 >-8-"< $ 7 ,8< &8<>,8*>78 -* D>$>-8< - 7 ++(-D3 **%* /%)** /*' 6/3 &7/!* 0(; */0 9%(#!*
-5..5<-4 #!#!
(1.(!'(
.%1
,.)% * % '*,%
')), %"#!'%% !6 '!# @/. 6)!A;!6'/>7!//2!67 !>;7',. !B2. )!6; ).
>6/2 >. #06 !6; 6>!. ). !6 )6;7'#;726?#>.%3
-!. @/. .;!6.!'-!. !6 0##!.;,)'!. 7!'6 @)!, ).. )..!6', !7 !;DA!6+7 -); A 26?#; ,>#!. %>;! 2;)/.!. >. )!
. 7/A)! !7
);;!,7;. 73 )! )! !6( !.'6;!. !%)/.!. !.% D> +//2!6)!( !6;>.% %!'06; D> >.7!6!. '7;>-7(
,. !6 7). 7;6+ !) !6 !6;>.% !7 ).( 6!.3 )!7!. !% '!. A)6 ). /.;).!.;,( #!, !6.3 !6 -. ->77 >' )! >,;>6
D!,'. !,7 >. !6 /.7>-%?;!6). >7;6)! !>6/2 -); A >6/2! !%/..!. !6!. >. 60&! !6 . !).!- >7--!.(
7/A)! !)- -> @/. !6;7'02#>.%7( );D 6.+#>6; )7;3 .7%!7-; A!6 !. .' 7',>77 !;!),)%;!. .;!6.!'-!. !6?+(
+!;;!.3 7;!66!)' )7; >.7!6 /6 .' 7;( !- !);6);; !,%)!.7 1$ EEE
);6!);!6 7)';)%!.3 A )!;!; 7!).! )!.7;,!)7;>.(
2.3 >"?# 'G,1C# ?., ?5 >.,C.* 2#3 F3" #G,>#3#C>F* '>G, F'"#0#3; .# .3C#>3#
.??>F,??CC.?C.0 1.#'#>C
I5,1 .2 1C>C#->".#? "#> #FC- 528FC#>*#?C#F#>C# #>I,F3*??K?C#- C.#'# .31.0#! I#1,# .?.0#3 ".# #1#052
?,#3 #1#052; 3#*>#3LC 2.C #>- 2# 053C>511.#>#3 "#3 *#?2C#3 #>0#,> .2 2.C "#2 #>0F' H53 1C>C#-#>C>*#3
I3"C#3 .3 #5>*.#3 C#1#'53.#>#3! ".# 3- #?C3#CL F3"
5.1'F30! I#>C#3 FC52- #.3*#,C; .3# H#>>#.C#C#
?,# ?.3" #CI
*#5C# 0533C# ?.# 3.,C F??,1*#3; .# C.?, ".# #>.3"F3*?"C#3 F? F3" ?,1- >.C>*#*#?,'C# 2.C "#3 F3C#>?,.#"-
#1#052-F3".3 ,CC# EMM% ".# 5F3C>K *#3 1>2 #. H53 "#> 5>2 "#? F>,- 1., ,5,#3 >3?'#>8>#.?#3 .2 I#1CI#.C#3
1C 7 LF2 .J8>#.? H53 D!4( F>5 8>5
5- ?,3.CC?C#1#'53.#>#>? I#.,#3"#3 #>- #1#'53H#>0#,>; "F>, #3C?C3" "#> #-
3C 'G> #?8>,# .3 #F>58.?,# ,>- ,1C#3?2F?C#>3 F3" & I.# .2 11 >"?# & 1#052 #.3 ,"#3 H53 7!(
.11.53#3 F>5;
13"#> *#F,C ?5I.# ".# 5F3C>K 1C E 'G> G#>?,>.CC#3#3 ,I#11#3I#>C#3; >F3-
7)!4( F>5 'G> 11# #?8>,# 3, F??- C#> '11#3 F, #>?C6+# *#*#3 ".# FC-
13" F3" 3"#># 3"#> G"5?C#F>58?; LF3*?H5>*#3 .3 "#3 ; ? 'F30C.53.#>C ?5 3>F'# 2.C .3?*#?2C
>"?#? 1C>C#-F8,5>.# '3" #.3 /- ? K?C#2 .?C ?5 #>'51*>#.,! "?? #? 5'- @!)
.11.53#3 #?8>,?2.3FC#3 IF>"#3
,#? 3"# .2 0C5#> EM7E ?C#11C# ".# '#3> .3C#>3 #>1#*F3*#3 *.C! #? F, .3 F?13".?,# #CL# #CI 3, 5 52$
#1#052 '#?C! "?? "? F?13"?*#?8>,?- LF2 #>F?'.1C#>3 H53 F3"#3 #.3LF?#C- 5"#> F.3# *#1#.C#C! ".# #?53"#>? ,5,#
F'0522#3 "#> F3".3 ?8>F3*,'C 3- L#3! ".# 0#.3# #C>G*#> ?.3"! ?53"#>3 'G> >.'# #>#,3#3 F3" #.3#3 #.1 "#> H53
*#?C.#*#3 I>; .# ".*35?C.L.#>C# #.3# .3 ".# #1#052 #.3', C#F#>! I#.1 ?.# H.#1 "#> #1#052 C>3?'#>.#>C#3 #G,>#3 3
"#3 11*#2#.3#3 #?,'C?#".3*F3*#3 2#,> C#1#'53.#>#3 1? .,># 1C>C# 05?C#C; ".# #C>G*#> I#.C#>>#.,#3;
F0>C.H .?C "?! I#.1 "#> #C>G*#> "30
1C>C# I#3.* 3 ".# #1#052 L,1C! ".#?#
"% " '%!
%! ".# ,5,#3 #G,>#3 'G> "#3 >3?'#> "#?
#1#'53C? .3 #3C'#>3C# 3"#> #> C>5CL-
!0 & ,)'! " ,'$-&! ."! "! ''&
, ! ! &')!
&
,
&)
! +1#+ "#2 .2
.3FC#3C0C I#.C#>L,1#3 2F??;
%"%! ( *!!%!
.# #1#052 088C ?5 #.3# #>.3"F3*!
! ""!(" (! I#33 "? K?C#2 ".#?#? #C>F*?2F?C#> .3
'-- &- ?#.3#3 FC52C.?,#3 #>0#,>?31K?#3
'
#>0#33C F3" 1>2 ?,1*C; 7AE %MM F'-
3F22#>3 ,C ".# #1#052 11#.3 F? ".#-
'--- '-
?#2 >F3" .2 H#>*3*#3#3
,> *#?8#>>C;
5, 1F0>C.H#> .?C "? 0#3 H53 F3-
-- - C#>3#,2#3?I#.C#3 #1#'5331*#3 2.C
H.#1#3 ##3?C#11#3; <>5CL >3F3*#3
'.3"#3 C#> .22#> 35, 5''#3# #1#052-
--- -
2F3.0C.53?31*#3=! ?5 ".# #1#052;
'-' '-'
! !),%" "!% +!# ( (%"
#33 3, #C>.#??C>C H#>*#??#3 ".#
3C#>3#,2#3 5'C! "#3 H52 #>?C#11#>
I#>0??#.C.* #.3*#?C#11C#3 .3-5"# 'G> ".#
9: F3C#>?*C# *#I#>1.,# FCLF3* .# 5'C "? K?C#2 .?,#> 3?,1*C! "- >CF3*?LF*3*# LF 3"#>3; 0#> ">.3-
F3" 0G3".*C# ".# #."#3 F?,1#3 0F>L- >F? 2,C ".# #1#052 #.3 #,#.23.?; *#3 2#.?C 3,C? .3 ".# -31*# #.3! 2-
'>.?C.*; #> #G,>#3L,1#> C.0C# #. /#-
#CLC L#.*C #.3# H#>C>F1.,# .13L F? "#2 3.8F1.#>#3 ".# 5'CI># F3" ?,1C#3 #.3#
"#2 F?13"?*#?8>, I.#"#> .2
.3F- H#>*3*#3#3 #?,'C?/,>! ".# "#> .>C- F'F21#.CF3* LF #.3#> C#F>#3 >#2.F2-
C#3C0C! ".# 3,?C# #,3F3* #C>F* ?,'C?5,# H5>1.#*C! I.# ,5, ".# .?.- #>H.#3F22#> .2 F?13"! #H5>LF*C .3
7M@M!AA F>5; #.C"#2 01*C >"?# *#*#3 0#3 F3" ,"#3 "F>, 1C>C#-#C>F* #CC13"! .CF#3! F.3#! 521. 5"#>
".# .,>#>
#.3F3* 3, I."#>>#,C1.,# F3" 3"#># 3*>.''# CC?,1., ?.3"; F; (E( 11# >#*.?C>.#>C# ".# #1#052
G3".*F3* "#> 1C>C#->.'#; 11#.3 .3 "#3 #>?C#3 3#F3
53C#3 EM7E EM7E; ,"#3 >F3" 7!4
.11.53#3 F>5;
>"?# .?C .3? "#30>#FL "#> .3C#>3#3 2#1"#C# "?
.??>F,?#>0#33F3*??K?- >#.?C# #C>G*#> #?,''#3 ?., *G3?C.-
1C>C#-51.L#. *#>C#3; F8CF'*# "#> C#2 7(EM@ <F''11.*0#.C#3=! ?5 ".# .3C#>3# *# H5>F?#L,1C#
5.1'F300>C#3 9>#-
LF> 53L#>3?.,#>,#.C *#,6>#3"#3 .3- CC.?C.0; 2.C 2#1"#C "#> 528FC#> .2 8.":! F2 2.C "#2 C>C*FC,#3 2??#3-
*>#.'C>F88#! ".# F3C#> "#2 G>L#1 -
F>,?,3.CC (A
1 8>5 * #.3#3 85C#3- ,'C #?8>,# F'LFF#3 F3" ?5 #.3#3
'.>2.#>C
.??>F, H53 1C>C#? #.3"2- L.#11#3 0#>3*>.'' 5"#> #C>F*?H#>?F,; *>5+#3 #.1 "#> #1#'53*#G,>#3 .3 ".# #.-
CC# ".# #1#052 3.,C #.3#3 >5+C#.1 *#3# ?,# LF 1#30#3; #> #C>G*#>
."! &
)"! !&) "#> CC0#3 *#I#,>C! ,CC# ?.# "? EMM CF?,C "#. #.3# #.C#>1#.CF3* H53 #.3#2
#+%%+1#* !%"%"
5.1'F303#CL .3 #.3 3"#>#? H5>; #> ?#.- '%%" ! " ! 0#,>?"C#3 .? LF2 ?,1F?? "#> >2.CC-
3# 1C>C# I,1C #> #.3 #>C 32#3?
- 0!)&! & " '! &
, 1F3*#3 H#>I#3"#C I#>"#3;
5J 3; >.3 ?C#0#3 I#.C#>#
5.1'F30- !
')"& -&
& ,! )&-& #3 #C>5''#3#3 2* ".# #1#052! ".#
0>C#3 2.C 1C>C#; #> ".#?# I.>" "#> #- .,>#3 F3"#3 3, 8.CL#1- F3" C#3-
1#'53H#>0#,> 05?C#3*G3?C.* 3 ".# .#1- I33 ?., #.3 F3"# >#*#1053'5>2 H#>,1C; ?03"1 2#,> >3?8>#3L H#>?8>5,#3
3F22#> I#.C#>*#1#.C#C; #> .11#*1# #C>#.- .# LF #.3#2 #?C3#CL3?,1F?? LFF,- ,C! 11 ".#? 3.,C 2.CC#.1#3; .3# .3C#>3#
#> "#>
-5J #>,1C 'G> /#"#? 3052- >#3 1C>C#? 1??#3 ?., 2.C #.3#> >.?C 3"1F3*?#28'#,1F3* #. G3".*F3*#3
2#3"# #?8>, 7!%( #3C 8>5
.3FC# & H53 ?#,? #>0C*#3 0G3".*#3! #.
.??- I#*#3
.??>F,? #. #?,'C?0F3"#3
".# #>,1C /#"#>
5.1'F303.#C#>! I#33 #> >F,?H#>",C ?5*> ?5'5>C; >C #>C>.#1#>3 < 2 F3"#3053C0C ">'
#.3#3 3>F' H53 #.3#2 #1#052-3"K G> ".#?#3 11 2,C "#> #?#CL*##> 0#.3 .3I#.? F' #.3 3C.-#C>F*?23*#-
I#.C#>1#.C#C; > L,1C #> 'G> ".# >F?*#,#3- I#3.*#> ?C>#3*# C#3?,FCLH5>*#3; .- 2#3C "F>, ".# #1#052 #>'51*#3;= #> #-
"#3 #?8>,# 3F> "#3 253C1.,#3 1C- *#3C1., ?,>#.C "? #1#0522F3.0C.- >C#> ?511 5,3# .3I#.? "#3 F3"#3 F' #.-
>.'; , #.3#> #?C.22C#3 ,1 H53 #>- 53?*#?#CL "#3 3.#C#>3 H5>! "?? ?.# ".# 3#3 3"#>#3 & 'G> ".# #1#052 8>5'.C1#-
.3"F3*?2.3FC#3 ,C "#> #C>G*#> 3F> #>0#,>?"C#3 H53 1C>C#-F3"#3 <F3- >#3 & >.' F2F,#3; .# G3".*F3* ?#.
35, .33,2#3; 4D7@
5.1'F300>C#3 H#>LG*1., 3, >2.CC1F3* "#> >#,- 3F> ".# 1C.2 C.5! I#33 "#> F3"# ".#
2F??C# ".# #1#052 F3C#> 3"#>#2 F? 3F3*?.>>#1#H3L 5"#> 3, >?C#11#3 "#? 1C# 1C>C# #,1C#3 I511#;
".#?#2 >F3" ?8#>>#3! ".# 2#.?C#3 #. "#> .3L#1H#>.3"F3*?3,I#.?#? 16?,#3= FC #1#052 .?C "? "#> .>C?,'C?-
.?5F3CC5,C#> 53*?C>; 2G??#3; 5, #. "#> F'"#0F3* H53 5,# H5>1.#*#3"# 8.#> #.3# <5>H#>?.53=;
.# 1C>C#-51.L#. .?C ?5 #>F?,C H53
.??>F, *.1C #.3# H#>13*#>C# 8#.,#>- 3 "#> 3"'??F3* ?#. <">'= "F>, <?511= #>-
.,>#3 >'51*#3! "?? #? .3C#>3 5''#3> '>.?C H53 .? LF ?.##3 *#3; #. 0530>#- ?#CLC I5>"#3; ? 3"#>C 3.,C? ">3! "??
#>1#*F3*#3 *.C! "? K?C#2 F, #.3LF- C#2
.??>F,?H#>",C "G>'#3 ".# #>- "#> F3"# 3.,C #>',>#3 ?511! "?? ?#.3
?#CL#3! F2 <F3I.>C?,'C1.,# F3"#3 LF <F''11.*#?= #1#'53.#>H#>,1C#3 ".# 53-
."#3C.'.L.#>#3 F3" .2 .33# #.3#? 58C.2.#>- L#>3?.,#>,#.C 1>2.#>C ,C F3" #.3# 3-
#& ))
C#3 53L#>3F2?CL#? LF #1.2.3.#>#3=! I.# 1K?# "#> #1#'53H#>0#,>?"C#3 '51*C#;
#? #.3 #1#052-
3*#> '5>2F1.#>C;
F>.?C#3 I>3#3 "H5>! "#3 C#3?,FCL
6*1., I># "?! I#33 ".# #1#052 ".# F?LF,6,1#3; <.3# .3C#>3# 5>>C?"C#3-
F??,1F??0>.C#>.#3 .3 "#3 #3*#> '5>- ?8#.,#>F3* 'G> .>C?,'C1.,0#.C?#>#,-
2F1.#>C; .# 0633C# ">F3C#> F, .#1C#1#- ''!
) 3F3*#3 .?C F3LF1??.*=! ?*C "#> .#1#'#1"#>
'53.#>#> '??#3 2.C 'G> ".# #1#052 ?C>0 " /! 3I1C
>F? #0233; <#?,1 ">'
F3I.>C?,'C1.,#2 FCLF3*?H#>,1C#3; 2.C >#,C?I.">.* #>13*C#3 C#3 F, 0#.-
#33 I33 #.3 F3"#
.??>F, #- )&-&'& &)&
3# G3".*F3* "#> 1C>C# F?*#?8>5,#3
C>#.C! #3C?,#."#C ".# #1#052 .2 >F3"# ') '$&&) I#>"#3;=
?#1?C 3 "#3 1#*C /#"#> 3.#C#> '#?C! ,&!%&//"%
!%"%" #+%%+1#*
)
F%>?C -C C-/? 0%1 2G!1: 85&A $%C H64 %+%>.
%6F2C>% F4$ -%FC% ?%2?C.
%1633C $%> G??%2$6>(%> .!-. ?C4$/+# 1%44C $/% >/!1?" <%2?C I%> $%4
344 %/4% -> +%?!-%41C# $? 2??/. -7!-?C%4 /+4F4+?2%H%2 $/%?%? %>?C%22%>?
1%>.6$%2 %H%>?6 H64 %+%>.
%6F2C>%: -C# $>( 2? JC%>4%> 1%/4% %9>CF>%4
/<33<B/; "),*!,*'!
%/ 4$%>%4 >1%4 22% (G4( /? ?/%%4 3G??%4 4!-. $%> 633/??/64 34.
->% 2%/$%> 22% KI%/ ->% +%I>C%C I%>. I%/?%4# $?? +%2? <%3%/4?!-(C?.
$%4 3F??# I%/2 ?/% ?6 %39(/4$2/!- F4$ $/% /->% %>1. /4C%>%??%?= : 6!-
4++%4F/+1%/C ?6 F49>K/?% /?C; ? 16?. ?CCC F( $/% >%%22/?!-%4
C%C 0%$%? 2 8ELL /? 8*LL F>6=# >+%>C -7!-?C%3 ->3!-%> K6+%4
?/!- F1% %((%2?# ->3!-%>3%/?C%> /H%F >. EL8L %>(62+>%/!- H6>
F4$ 7((%4C2/!- %?C%22C%> !-H%>?C4$/+%> %/C%C F4$ $%4 F>69/?!-%4
$%> 4$I%>1?133%> !-%4: G%> 9%K/2. %>/!-C?-6( /4
F.
I%>1K%F+% J%3F>+: F4 -C $/%
F4?%>%> >1% . 633/??/64 %/4
/% %>?C%22%> ?!->79(%4 F!- $/% ->3. H%>(G+C:= >C%22>%!-C?H%>(->%4
!-%>: 2?-GCC% >/+/42 >G!1C% %/4% 9%>>. G> $/% ->3. +%+%4 %/4% %/-% ' 4/!-C
12/4+% 3/C %$%> (G> 8) F>6 4F> >F?# I%44 !-%> /?C $? %>-2C%4 43%4C2/!- %444C%> '
$%> ->3!-%>3%/?C%> KFH6> <A /? & 16?. $%> 4$%>%4 %>?C%22%> 6(C
FJF?F->%4-%>?C%22%>
C%49(2/!-C/+% !-F2F4+%4 8 6!-% ?62. +%?!-(C??!-$/+%4$: %/4+%2%/C%C: %3
H/%>C -C=# ?6 %/4 /4C%>4%? 9/%>: 6?C%4 (G> <F>!- $/% /!-C%2/%(%. >G??%2%> 2F>(F41
$/% I4+?(6>C/2$F4+" >F4$ 8)LL F>6: >F4+ %4C?C%-C %/ 3%/4%4 4!- ?C%-C %? 4/!-C
F!- >C/%> %?C%22C %JC%>4% ->3!-%> F4$%4 $%> /4$>F!1# 2? ?!-2%!-C (G> $/% (>%/.
KF %/C%>/2$F4+%4 %/4: <%> $? ?/4$ >%/. 4$I%>1%> ?%/ /!- /4. %4 ->3!-%>:
4% %>%H%>4?C2CF4+%4# 4?!-2/%,%4$ 1639%C%4C# $/% %9>CF> ? 2/%+C F?+%.
$>( F4?%> K%>C/(/K/%>C%> %C>/% C>6CK$%3 F?(G->%4 KF 1744%4=# 12+C >%!-4%C 4 $%> FC6.
4F> CC%>/%4 F?I%!-?%24=# >+%>C ?/!- $%> !-H%>?C4$/+% %((%2?: 36/2/4$F?C>/%" F!-
>4?C F+F?C 6>C%4-F? F? %CC344# <? H%>F>?!-C %>-%2/!-% $6>C I%/+%>C%4 ?/!- %>.
6>?C4$ $%> ->3!-%>.
44F4+ 6>$. I/>C?!-(C2/!-% %>2F?C%:= ?C%22%> /? ELL@# >?CKC%/2% 4
>-%/4.%?C(2%4: /% $%FC?!-%4 ->3!-%> (G>!-C%4# (>%/% %>1?CCC%4 KF 2/%(%>4# F4$ >.
4$%>? +/%>C C%1 -/2/99%# %/4%> $%> /-4%4 1744% %? %>+%-%4 I/% $%4 %2+/. +F3%4C/%>C%4 3/C %?/+4?!-FCK: %/ $%>
C%F%>?C%4 ->%4-%>?C%22%> 3/C >%/?%4 H64 ?!-%4 622%+%4" /44%4 K%-4 ->%4 .%CC%I%>?1633/??/64 K6+ $? >.
ELLLL F>6 F(I>C?: </% 2/%(%>4 >?CK. ?!-26?? $6>C >F4$ %/4 /%>C%2 $/% %/+%4% +F3%4C 4/!-C: /% H%>$644%>C% $/% FC6.
C%/2% F!- 4 %JC%>4% ->3!-%>=# ?+C %>1?CCC (G> /33%>: /% %2+/%> %12+%4# F%> KF> %2/%(%>F4+ F!- %JC%>4%> %>1.
%FC?!-24$.-%( 44/!1 /!-6C: <3 $%> F9C+>F4$ ?%/ $/% I%CC%I%>?. ?CCC%4:
$/% F2/CC /->%> %9>CF> 4 H%>K%>>%4$% %>?C%22%>962/C/1 +%. 6!- ?%2?C I%44 F!- $/% %12+C%4
F4?%>%4 -6!- 16392/K/%>C%4 -. I%?%4: ->%4-%>?C%22%> 3 >C%229>4+%> 24$%4"
>%4 ?/!-%>KF?C%22%4# 3G??%4 ?/% "' %>%/C? ELL* >%/!-C% $%> %F>6. /4 G((%2 $%> >/4+C ?/% 1F3 %/4% %.
%> 4 %/4%3 H/%>I7!-/+%4 Ēij kČŷĭ§ČËŷ 9/?!-% ->3!-%>H%>4$ . 1F4$% F? $%3 1C: F!- I%44 %? /4 $/%.
%->+4+ /4 F4?%>%> %4C>2% /4 ǜËĒþƚ 2ij ¼Ëŷ ŞŞđ +%+%4 $? >?CKC%/2%3>. ?%3 -> %/4%4 4/!1 /4 $%> !-(>+% +/C"
%4( C%/24%-3%4: ? 16?C%C ?/% Ʒſþ˶ Ǐſ +6 %/4% %?!-I%>$% %/ $%> . ? +>7,%>% %?!-(C 3/C $%2F->%4 (/4$%C
4/!-C?# 4 %9>CF> F4$ %?CF. ĭij§ČË kČŷ ǜƷŷ 633/??/64 I%+%4 /??>F!- 24+?C I%/C I%+ H64 F>69 ?CCC ' /4 64+.
?ŁſƚËijäģģË ĭ§Čƚ
>/%>F4+ I622%4 I/> +> 4/!-C H%>. %/4%> 3>1C%-%>>?!-%4$%4 C%2. 164+# $%4 F4$ -/4:
$/%4%4: %> $/% ->3!-%> 2F4+ %/4: F4!-?C 2/CKC%4 ?/% %/ +(3%+6'%@'@-3
A= )'#+3 7 )'#: + + ::+ ' ' ' ::6' +:!6++3 %-+ 6 *0=)7 6 '* -)!7%)#
%6@6( 7%*'6+3 6+ ' =! ' %6 '+@'6(: (++ ' !'++
&
*%+'7%+ ') +'%: &
%+ =! ' =6 >6 >%6 )7:+3
@#: ?6%6A+ 7'3 :6')'+ 776'%:'#(': @'6 '+ =:7%& =* 7-)):+ %6+ +'%: '+ 6
%
@' ')'A'=* (.++:+ ' :: '+ )+ *': 6
;/B 1
;B8 ?-+ #+:!)6+ @' ' )!-++ -6
=(=+!: ?6A'%:6 *%+3 )& ' =%6=%6+2 #06>!:3 ,B =:706%6+ #)#6: @6+3
:+ #:6#+ =:-*:'(&%6+ (=++ ' <B :6 '! -6 :%-67:+3!'6)=7@'@-3
"),*!,*'! /<33<B/;
'2.'!&'.$2
' (
#
( ' ' #&* # !' #!
#$ #%#
#!!#
& $ ! % $ # # #
#' % $!
7#' 5'
5%# # 8.' $6.:%#! '!2#%  // '7/2(.' 8'#. 4 '% 5 ,9 4, %+ , ;"@;; , 9>5
&#'/& #' .%#' 5& /#! #' #% 7(' )%#!$#2' !' #!. #'/2:2/ >' '50' *5> '5 1 ,, 5 # *',#9
. (.2#' 2.25+":' :5 &!', +#2% 8#. %6//# :5 &!', )./'" '59 ' 49 5 ;559' #5 ' +
# 8. !. #'.5$- ' /#' '#!2 /( 22.$2#7 5' #' ,= 59-4 , '%4 , ',59@ = 4+ %4 , "59
% #' %4 0-5'9'=1 '4 % , ;,5 5.(+ #2 / 8'#. #.&'$5. %/ , ,5%*'%1
+'9 + %4 4 , *-)* , ,9 4, %+ 4, # & #' ' , . 8(%%' #/#$($+#2%. /
94-"" , ;,9 4 , 4 + =-, -;,*-; % #' 5 >'4 < 4 > 49 91 5 #'/2:2 % '#!2 &)%#!/2 /!'%%
', 4 , ; ,
;5')9;5%.45 1 4*', '59 )-++9 4;" , ', *,#"4'59'# 4"-*#& 7.&!.'-
#'* 5 %4 ',9 4,9'-,* -"" , %9 ', 9-** % #' '% 41 4 > ,, +, ',
,"4594;)9;4 ;, =' * 9* ,9' 49 4-& #4-$49'# 5 ,9 4, %+ , %-%@' %9
#4++' 4 41
)4' #9 +, 5 5%-, %',1 ' 4'%9'# #;9 ,
$ #' 4*', '59 +-+ ,9, 5-#4 ?& #,'5"',,@' 4 4 "-);55' 4 , 5'% ;"
#&* !6 &14 &*0 0 0 +("0&$14*
,+'5% 4 *5 -,-,1 445%9 %9 ;,5 *40*4%*914+0* 1 &(&+* ((;/ &* ', *,#"4'59'# 5%"95 @' %;,#1
5 ,'%91 '4 %99 , + 4)9 55 =' * 0140 "0+#0 70 :0 0 *40*4%0+9&0 ,5 4 *# 4 2;-' 0'9* %9
4 4*', 4 '#%& %&,9 4, %+ , +"
4/ 0 14&" 08$ (1 0&94&*914+0 '50' *5> '5 ', 00* '5- %--
;,5 4 , ') 95 4=' = ,94'9 ,;9@ , & ;.( &* 7* *4'4 ))0 ;, --#* ',= 59' 491 ' 4'%9'# ',9 4 5&
*5 "4<% ,> , 41 *5- %,*'% >' @; &0* 1+:& &*4014/ 71))* )&4 1&% 5,9 , ;>%5 )+ , -49 5-#4 459
;,5 4 , ,",#5@ '9 , ', , 4,'5- *0 07 7(& 56 7* ) 0*<,1&1$* > '9 ,% + .45 ,#,#1 4<%@ '9'#
*40*$)0
*7 &1" "08*4 0
*5 =' * '*'-,&** ?&949;05 5 99 ,1 ;5@;59 '# , >4 ', )-*-55* 4 %* 4
6==2 * 1$*(( :$1** &'4&*14%
5 %9 ;,5 , ;#' 4'# # +%91 (&140 9*40&4 * 1 $.0 ")&*% # > 5 ,1
' 52/!%' &'%2 / ' #/#$(" 1) 8$04/ 1 0 (4 &* * 0*&1+ /!% !' # /%/2 '(! '#!2 #'
$+#2%, .6'2 8#. . 2'(.2" 7* $4 <:& ,$40/ 52/!%' #'7/2#.2-
%#&-+'+%#%'
!
" !
.$$? *$@G3# 4#$? 1.$$? #D$3*$- $?. ,D$: ,J?M$ ,'$ G3D$? #$3 ?- 3G3* 11$ @G22.$?D$3
$.@DG3*$3 043D?41-
@ ,HDMD< H? .11.43$3 ?30$ .@D #@ K.@-?MD$3 ?$. ,$3 H$?M4*$3$" $? 1.$?$3 0533$3" $3D'11D #@ .$?-G*$3-
$.3$ G3@.33.*$ ?*$! .$ 3GDM$3 #.$ @ ,J$? MG 043D?411.$?$3#$ ?$ ,3G3*$3 ?.3M.7 23*$1@ $ ,3G3* $. *$@$DM1. ,
I.$1$3 $@G3#,$.D@-77@ #$? ,?2.3- $. #$3 @@$3 $.3: .$ 41.D.0 @ ,GD #$2 $?@. ,$?D$3: .$ @@$ 2G@@ M,1$3" J@
#G@D?.$ G' .,?$2 2?D7,43$: .3# '?4," ?$.$3 MG: $1$*$3D1. , /G@D.$?D #@ $- #$? 40D4? '4?#$?D: $. *$,D $@ G2 I.$1
J$33 $.3 .$7$3 3 #.$ $#.02$3D$3- @G3#,$.D@2.3.@D$?.G2 $.3 J$3.* 3 ,: $1#! FN6N G3# FN66 .#$3D.'.M.$?D$3 #.$
$.33,2$ $?.33$?D" @ ,DM$3 #$3 @D,2- ?D$ ,3.DD$ I$?,.3#$?3 #.$
4L-?G7- @@$3 .3@*$@2D (E NNN 11$" .3 #$3$3
4#$? 1GDMG 0$?-,$ 0" ,4''$3 $. .D #- 7$3 I43 ?MD$3 G3# @@$3 $?: @. , $.@7.$1@J$.@$ .*34@$3 G3# $-
?G'" #@@ #$? 4#L2@@-
3#$K @.30D 4#$? ?$ ,3$D$ ,$?7.$3 J.#$?@7? ,$3:
)MfM`µ *ff} 2G*`ƕ`fMH `k¶ Z/MfMf/?ƕf/MG` ?M/A\
'H,?$3 $.3 31.3$- ,2$?MD*$G , $.
J? 2H@@$3 ?30$30@@$3 G3# @-
.*?3$: .$ I$?D?G$3 #?G'" #@@ .,?$ .$#$?*$1@@$3$ $#.M.3$? @.3# #.$ $?@D$ @$3?MD1. ,$ $?$.3.*G3*$3 $1#$@D$11$3
D$3 3. ,D 2.@@?G ,D J$?#$3: @ $? 31G'@D$11$ 'H? ?30$: 4 , #.$ 0533$3 H$? G''11.*$ $#.M.3$? 'H,?$3: 4 , #@
.@D J425*1. , 1GG*.*" #.$ ,?2043- 3G? ,4''$3" #@@ #$? ?MD *GD .@D! .$ 40D4- 3HDMD 0G2 $DJ@! $3 D$11$3 23*$1D $@
M$?3$ @D$,$3 'H? #$3 2*3* 2.D #.$@$3 ?$3 2H@@$3 H$? #.$ G1.DD .,?$? $- 3 $.3,$.D1. ,$3 4?*$3 G3# ?3@7-
D$3 #G? ,G@ .3 #$? ?.D.0: ,3#1G3* 0$.3$?1$.
3'4?2D.43$3 I$?5'- ?$3M *$*$3H$? #$? ''$3D1. ,0$.D: .$ $?-
*$*$3 *.1D 'H? ?MD$" 1.3.0$3 G3# '$3D1. ,$3: 11$.3 .,?$ D3#$@I$?D?$D$?" #.$ ',?D 3. ,D 21 I43 .,?$? K.@D$3M:
?30$30@@$3!
,?$ 2$#.M.3.@ ,$3
3'4?- @@$3?MD1. ,$3 $?$.3.*G3*$3" 7G1.M.$- .$ ?MD$-
4L @4D.$?D G , #.$ $1$0-
2D.43$3 #H?'$3 3.$ 3 G3$?$ ,D.*D$ ?$3 G1.DD@$?. ,D$" 11$?#.3*@ 343L2.- D?43.@ ,$ $@G3#,$.D@0?D$" #$?$3 .3'H,-
?.DD$ *$13*$3: @ .@D $@$DM: 4 , ,.3- @.$?D G3# '41*1. , 3GDM14@ 'H? D.$3D$3: ?G3* @ ,43 I4? $1' ,?$3 $@ ,14@@$3 JG?-
D$? #$3 G1.@@$3 3GDM$3 $#.M.3$? G3# G , ?$ ,3G3*@'1@ ,$? 0533$3 .3 #$: @D$??$. , .@D J$.D$?" #4?D ,D @. , #@
@@$3 #$3 D$3@ ,GDM 1@ 4?J3#" G2 #$? @@$ .,?$? @$?.5@$3 411$*$3 34 , ?$- ?D ,$3 #G? ,*$@$DMD" #@ G+$? $?@43-
$.*$3$ ,J ,$3 MG I$?$?*$3! ?30$3- 1D.I *GD DG ,$3: ,?$3# ?.ID7D.$3- 1.$3 G , .*34@$3" $'G3#$" 53D*$3.1-
,G@$? 1.$'$?3 G3I$?@D3#1. ,$ G1.DD@- D$3 3 , /$#$2 ?MD$@G , G' .,?$? $ ,- #$? G3# $#.02$3D$ @7$. ,$?D: @ $?-
'$!$!(($ $/(+ '+$ ), "" %$$
-'% $ (-$ +(!'+ .' $ +(
*7..7<*6 !&)')'%
#2# #-2)@E#2 E@HE A-+ KA: -, 89 J4@ )HE &I2& +@#2: #HE# J#@"-#2E -A#2+2K))42A H1)#0"#2 K#@"#2:
2#2 ) 2+"#1 1N42,@I2"#@ "#@ 1-E )#A+ENE &AE '( -00-@"#2 400@ #@ @EAE#@1-2 J#@0-#& 4&@ I#@,
#&& #N4A 1 J#@)2)#2#2 42E) @-JEJ#@15)#2 J-#@E@#-+AE# #2A+ H& N#H)#2" H&&#EE AE-#) 1-E GG @4N#2E #-
"#2 H& "#@ ,#-EH2) <A+-2)E42 @"#2 1-E "#2 -A#2+2/E-#2 -00-42#2: "#@ #A#00A+&E #-2:
4AE= J42 "#@ #@0#)#@&1-0-# @+1 J#@, -)#2E0-+ #2))-#@E A-+ H&&#EE 1-E -2 +@ A7E#@ I#@2+1 #@
/I2"#E +EE#! AE#00E# "#@ <4AE=,#"/E#H@ A#-2#@ #E#-0-)H2)A)#A#00A+&E #@/A+-@# /4170#EE % &I@ F( -00-@"#2 400@!
#-2#2 -EE@-#& 2 A#-2#2 2#H#2 4AA H& E+KM 1-E -EN -2 1+ -1 ,EE NHNI)0-+ #-2#@ H&)#0H#2 +H0"#2,
"-#
2E#@2#E,#-E# "#@ #-EH2) <
-##@ #&&! #@A/ J4@ 00#1 #- 0H#,+-7,2E#@, 0AE J42 N#+2 -00-@"#2 400@: A
K-00/411#2 #- "#@ !4AE>=! #)@I*E# #@ 2#+1#2 K-# 4,40!
! "#@ ,2/ #2EA7@+ #-2#1 H&A+0) J42 I#@ FO
"#2 2#H#2 -)#2EI1#@: <#@ H& &I@ G'O #00A @)4 4"#@ "#1 K#0E)@5*E#2 I/, @4N#2E H& "#2 5@A#2K#@E "#A 7-#@A
-00-42#2 400@ #2EA7@-+E @H2" #-2#1 J#@A-+#@#@ H2-+ #: -E A40+#2 A40-, 2&2) 4J#1#@ GOO3: 1-E KH@"#
@4N#2E
+@#A #@15)#2A: 1-E -AE "-#A#@ "#2 #@E#2 +E "-# 40"-2) "#@ /277 $F NH H&&#EEA )@5*E#1 -2N#0-2J#AE,
H& &I@ -# A4 @-A/2E K-# &I@ 1-+ "#@ @, +@# 0E#2
2J#AE4@#20#)#2"# -+@#2 #, 1#2E:
K#@ #-2#A )#@H+E#2 42" -J- HA K-22 -1 NK#-E#2 H@E0 H1 &AE "-# 0&E# #12"! "#@ -A+#@ #-2 )40"#2#A 2",
"#1 +@ GOOF: @4EN"#1 +4&&# -+! "-#A -AE H& (!' -00-@"#2 400@ )#AE#-)#@E: +#2 1-E &AE 00#2 A#-2#2 -22NE@2A/,
&I@ -# /#-2# 7-#0#@#-! A42"#@2 #-2# )@4*# E-42#2 +EE#! -2J#AE-#@E 1-EE#2 -2 "#@
+#:
+ +4&&#! -# @400#2 "-# @1#0 +4+
-22N/@-A# -2 #-2# -A#2+2)#A#00A+&E
H2" A-2" "#@.#2-)#! "#@ "#2 /42J#2E-42#0, 4+ H&&#EE K#EE#E H+ )#@2 10 )#)#2 1-E A+@H17"#2 #K-22#2 H2" "1-E
0#2 4H@20-A1HA K-#"#@ &-22N-#00 #@&40), "#2 @#2" % )#E@#H A#-2#@ 5@A#2K#-A+#-E -2 #-2# #+2-/! &I@ "-# 2"#@# 02)AE "A
@#-+ 1+E:= <#- 2)AE0-+! K#22 2"#@# )-#@-) A-2"! 4E#2)05/+#2 )#0HE#E +EE#2;
2 "#2 #"/E-42AAEH#2 H& "#@ 6': H2" A#- )-#@-)! K#22 2"#@# 2)AE0-+ A-2":= 0A H&&#EE "-# H&J#@E@)# H2E#@,
E@*# -2 H21-EE#0@#@ +# NH1 #-*#2 #AE#A #-A7-#0 &I@ "-#A# @-2E# 2E-NM/0-, A+@-#! J#@H+E# )#@"# #-2#2 #,
HA )#+E "-# 2)AE H1: A +E "#@ 52-) A+#2 #@+0E#2A A#-2#
2J#AE1#2EA -2 -, K-22@I/)2) J42 FO @4N#2E! @H2" FBOO
"#A #0#/E@42-A+#2 2"#0A 1-E "#1 E@"-, A#2+2)#A#00A+&E#2: @#-E#@ J#@04@#2 -+@#2 4:
E-42A@#-+#2 0EE J4@; #-2)@E#2 H2" A#-,
2# 1#+@ 0A COO 400#)#2 2)#2 H1 "-#
L-AE#2N -+@#@ #-EH2): 0@ -AE #-E#@1,
+#2 K-# -A+#@ H2" "A 0EE 0A N#2
"H@+&IEE#@2 -AE /#-2# 7E-42:
#N4A )0HE 2-+E! "AA "-# @-2E@2,
+# 24+ #-2# H/H2&E +E! A)E# "#@
2E#@,
#
3 3 ,
-
!&)')'% *7..7<*6
. ,B H$3.*$ 31J>B$3 $=01=B$3 #> 1.=#$3 2$,= 1> .2 5=/,=9 G$=#.$3- HE=#$ #2.B F$= ,B KE $.3$2 #$=
:=0$1 G53 2,;" H.$ E''$BB H$*$3 >$.- B$ DL7D 2$,= 1> #=$.
.11.=#$3 511=" $.3 *=6+B$3 $=1*>,E>$= #$= 9 501K$.-
3$> >. ,$=$3 $>8F=> 'F= 1E0=B.G$ .=2$3$- 1E> G53 KH61' =5K$3B *$*$3F$= DL779 BE3*$3" #.$ G$=1>>1. ,$ 3'5=2B.53$3 E>
B$.1.*E3*$3 $K$. ,3$B HE=#$" 'F= G$==F 0B9 :E''$BB ,B 2.B >$.3$3 3G$>B2$3B> $.3 .,=$3 522E3$3 1.$'$=B$3" >5 E''$BB>
*EB$> .*31 'F= 3#$=$ .>$3,3E3B$=- $=K$E*E3*" HF=#$3 F$=1$$39
/M))H k) *kf 2fH 3$,2$3 *$*$$3;" >*B $G.3 .=0$J G53 .$" H$.+ $= .2
52$3B E , 3. ,B"
B> ,1. , .>B E''$BB $.3 0311,=B$= $ ,- B3#=# 55=<> 8.B1 .3 $H 5=09 35 , >.3# #.$ $.BE3*$3 $.3 $=1E>B*$-
3$= E3# 3G$>B5= 2.B 13*'=.>B.*$= =.$3B.$- .> DLDD $=H=B$B #$= 31J>B $.3 /,=1. ,$> > ,'B9 $= .3 $.3" KH$.
,=$3" >5 >$.3$
=E3*9 3 #$3 0522$3#$3 7L" DL
,=$3" >5 ,>BE2 G53 7"( =5K$3B .2 ,.$3$3- 5''3E3*" H$=#$ > ,53 /$23# $.3$ 3B-
>$.3$ =5*35>$" H$=#$ #$= FB$=B=3>85=B '= ,BG$=0$,= #$= & #30 #$= 3G$>B.- H5=B E' #.$ =51$2$ #$= =3 ,$ '.3#$39
>. , G$=G.$1' ,$3 E3# #$= ,.$3$3G$=- B.53$3 .3> ,.$3$33$BK" $= G5= 11$2 2K53-=F3#$= $K5>" #$= 3$E$ .*-
0$,= F$=8=585=B.531 8=5'.B.$=$39 .$ E'*=E3# #$= 053/E30BE=$11$3 3BH. 01E3*9 3$= #$= :5>B; E3# *$=#$ 21 ,1 >5 1B
,3" =*E2$3B.$=B$ #$= *=$.>$
.11.=#=" > .>$3,3$3**$2$3B G53 E''$BB H.$ E''$BB" 0633B$ #.$>$ 3BH5=B '.3#$3 &
B=3>85=B.$=$ FB$= .2 $=*1$. , KE2 0H ,B >. , 13*>B E>*$K,1B9 E2 =5'.B G53 .3#$2 $= 3 , #$= .*.B1.>.$=E3* #$> 3-
3. ,B 3E= 05>B$3*F3>B.*$=" H$.1 >.$ H$3.*$= $=0>,.=$ B,HJ B=E* .2 G$=*3- #$1> E , #> $.BE3*>*$> ,'B #.*.B1.>.$=B
,3*.* G52 18=$.> >$." >53#$=3 E , *$3$3 E=B1 %%)
.11.53$3 511= $.9 E3# KE $.3$2 $> ,'B 2 ,B9 > 8>>$3-
E2H$1B'=$E3#1. ,$=9 =E2 0E'B$ $= >. , $= $='51*=$. ,$ -,$' 5>$ >B$,B #- #$ $=B #KE =.3*B #$=
.11.=#= *1$. ,
2.B
.3#$=,$.B>$B$.1.*E3*$3 E , 35 , =E2 >5*= E' #$= ,5=B1.>B #$=/$3.*$3" #.$ 2.B! >$.3 2K53-1$B .3#1$9
$. #$= *=6+B$3 -,3*$>$11> ,'B 3.- >. , *EB$ ,3 $3 E>=$ ,3$3 0633$3" $3 E ,2=0B ,B $K5> $=$.B> #.*.B-
53 .'. $.3 E3# $. 5='510 5EB,$=3" G53 E''$BB #.$ F,=E3* >$.3$= 51#.3* KE 1.>.$=B! DLL? >B=B$B$ 2K53 2.B #$2 $=-
#$= E22$= G.$=9 F$=3$,2$39 0E' $1$0B=53.> ,$= F ,$=" .2 *1$. ,$3
> =0$1 >511B$ =$ ,B $,1B$39 .$ -
,= 02 #$= $=>B$ .3#1$ E' #$3
=0B9
.=B> ,'B $=,51B$ >. , > ,3$11$= 1> $=H=- k))ff` G2H $.B DL77 G$=0E'B 2K53 2$,= -550>
B$B" #$= = ,BG$=0$,= E' #$2 ,.$3$3- $= E>*3* $.3$> 3#$=$3" 2.3#$>B$3> 1> *$#=E 0B$ F ,$=9
$BKB 3.22B >. , #$=
3$BK #$= 3,2 KE9 5 > ,. 0B $BH $$3>5 =.>.05=$. ,$3 3G$>B2$3B> G53 E'- )4-
,=.*$ #.$ .*.B1.>.$=E3* #$> $.BE3*>-
510>H*$3 .3 >$.3$2 3$E$3 $=0 .3 '$BB .>B 35 , G611.* 5''$3! DL7D 0E'B$ $= 'F= *$> ,'B$> G5=9 :.= 2F>>$3 $E$> $=-
,BB355* .2 -BB $33$>>$$ ?( 3E= 7)D
.11.53$3 511= #$2 -
$#.$3- '.3#$3" E3# #> $#$EB$B" H.= 2F>>$3
=5K$3B #$= #5=B G52 3# 1E'$3#$3 $E- 053K$=3
$#. $3$=1 @C $*.531- E3# $I8$=.2$3B.$=$3;" '5=#$=B$ $= 3E3 G53 #$3
H*$3 8$= ,39 G$='F*B .3 #$3 *$>K$.BE3*$3 9 $=0>,.=$ B,HJ :5>B;-
.B=$.B$=39
F$= 7( $.*$3$ $- E3# 3B1#$=28$3" $33 $K5> $> > ,''B" 2.B #$= :5>B;
G53 #5=B E> H$=#$3 #.$ EB5> 8$= 0H KE $1# KE G$=#.$3$3" 8=5'.B.$=B #G53 E ,
ÓÓõ
#$3 3#1$=3 B=3>85=B.$=B9 E''$BB! 3#.=$0B" H$.1 $= $K5>< ='51*>25-
.$ .>$3,3*$>$11> ,'B$3 B=3>85=- #$11 'F= >$.3$ 501K$.BE3*$3 F$=3$,2$3
B.$=$3 ,$EB$ 3. ,B 3E= 53>E2*FB$= H.$ 0633B$9 .=$0B >B=$. ,B $= /$BKB > ,53
.11.5-
GĒģģĒŁijËij
1
EB5> 5#$= 1$0B=5*$=B$" >53#$=3 E , 3$3 $.3! E''$BB ,BB$
.BB$ #$= .$K.*$=-
>>$3*FB$= E3# 5,>B5''$ H.$ $B=$.#$ +''/
/+%3 (#3 /,=$ 0388 $1'
.11.53$3 511= .3 #.$
E3# 5,1$" E3# >.$ 8=5'.B.$=$3 G52 55- :5>B; .3G$>B.$=B9 F= >$.3$3 3B$.1 H.=# $=
2$3#$3 ,.$'$=*>*$> ,'B .3 #$3 9
6330 +'%)! (%3
3 , #$2 $=0E' 3 $K5> =E3# (C
.11.5-
3.53 .'. 2.B .BK .3 2, >$BKB$ %( 8/!)!)) 6/3' 3$3 511= $=,1B$39
DL7D =E3# D7
.11.=#$3 511= E2" 7")
.1- )!'.#))/0+/9%9+. 9 +/&
-5..5;-4 wĒŷƚſ§ČäƚſwŁ§ČË
f˧ČijĒĠwĒſſËij
"$$
2
/ 9G @HH= -/!0 :!): $9!+D+..+'! 910 !0 +0 !+0 !: ' 9$)9A0' /+? !+0!9 )0.+)!0
0?!9C!0?+105 +0
10 10!9 90-!0)A: A/ 0 !+0!9 ?A +! ?!+.GA0!)* +::!0:)$?.!9 )??! G!)0 )9! GAC19 0 !+0!/ !+0G+'!0
/!05 +0 0!A!: ! +-/!0? /+? !9 !G!+)0A0' /!0:).+)!0 910 !0 !+0! ?A +! A9)'!$B)9?5 +! +9*
3&3@ DA9 ! !9:?/.: !0:)!0 C!99!+)? A0 -A0' +!:!: 0?+-294!9: )??! )0.+)-!+? /+? !9 C10
,! !9 !9)+!.? $B9 9A0 3<%H A915 3&3@ A0 !/ 910 !0 !: !:?: D9 !: :).!)? '!*
00!9). C10 !+0!9 ?A0 ! !-/!0 +! 00!9 14$* '0'!05 !92$$!0?.+)? DA9 !0 +! 9-!00?0+::! ,! 1) 0+)?5
A0 A:-!.:)/!9G!05 00 C!9:).+//!9?! :+) +)9 A* +!:!9 !9:?! +::!0:)$?.!9 -100?! 0+)? C19A::!)!0
:?0 5 +! !-/!0 )1)!: +!!9 DA9 !0 A09A)+' A0 C!9* GA D!.)!/ ) !0 !9 !+?9A' A0 /0 -00 +)/ .: +0*
'(!0 G!+?D!+:! D!9 A0 D1 :+! D9!05
00!9). !+0!: * G!.0!/ -A/ +! )A. '!!0 !00 !9 '+!9?! +0 !+0!9
'!: '+0' !: ..!0 -?:?914). :).!)? .B::+'-!+? +0 !9 D+::!0:)$?.+)!0 A.?A9 +0 !9 :
A0'! ?!/!:)D!9 !0 +!9!0* +)?C!92$$!0?.+)!0 C10 ?!0 .:
($
' "' " " "
C!9:'!0 A0-10?91..+!99! C2..+' 019/. '.?5 : +:? 01)
.A?'!9+00A0'::?29A0'!0 )!A?! :15
A0 +! D!+(!0 .A?-29*
$ $ $ $( 9 : !+0 E?9!/$..6
:?
4!9)!0 C!9:)D0 !05
" '
: 91.!/ !'9!0G? A$
?!0 +0:?G !9 9G?! -/!0 ..! /+? !/
!!0 C105 ?2?!06 !+0!9 -00 : :'!05
+0! ?:?914)! $9'.1:5 1) D9! :+! C!9/!+ 9 '!*
D!:!06 ??!0 D+9 ! +G+0!9 :+! C19)!9:!)!0 -200!06
+! !9:)9!-!0 ! )9)!+? +:? : ' +0D!+:! A$ !+0 +9 '!)!0 C10 A: :: +! ! +G+0 A$ D+::!0:)$?.+*
)1)!: +:+-1 !: !9:A):5 A9 -100?! : 0+!/0 D+:* )!0 9-!00?0+::!0 A0 !0 9'!0+::!0 19 !0?.+)!9 ?A*
:!0 D!+. +!:! 9'!0+::! !9 D+::!0:)$?.+)!0 !/!+0* +!0 :+!9?5
0 )9)!+? !9 :+0 C+!.! +!:!9 ?A +!0
! 0+! /+?'!?!+.? DA9 !05 +! .'!0 A0C!92$$!0?.+)? )!9A/5 /0'!.)$?5
+!/0 DA::?! C10 +)0!0 # !+ )??!0 :+! :!): 0* +9 '!)!0 C10 A: :: 9G?! +! 19:)A0':!9'!0+:*
0!90 :)9!-.+)!:
!+ !9:49!0 -200!05 :! -!00!05
0 )9)!+? ).?!0 +! )9/-10G!90! !?.+)!
3&3@ +:? !+0 1.!-B. : :+) 0 !+0!0 !G!4?19 9-!00?0+::! A0?!9 !9:).A::5
0/!0: @" 0 D!+(!0 .A?-294!9)!0 0.'!9?5 : +9 '!)!0 C10 A: :: +! !'A.+!9A0':!)29 !0
D9 !+0! 0!A! !)0 .A0' +! :
//A0:F:?!/ A$ 0A9 D+9-:/! 9G0!+/+??!. GA.::!05
0 )9)!+? '!0!)/+*
!+0! 0!A! A0 01) -A/ C!9:?0 !0! !+:! :?29?! +! A) '!0 :+! A) /+:!9.! 949?! !9!0 GA/ !+. $?.! !*
:)D!9 +0 +!9/1 !..!0 0)GAC1..G+!)!0 +:?5 1) !0D+9-A0'!0 9G?!0 A0 ?+!0?!0 C!9:)D+!'!0 D!9 !05
.. : !0?G+!)? :+) !9 10?91..! A9) +! $$!0?.+)* !)0 .A0' A$GAA:)!0 A0 $B9 !0 !9:?!..!9 ?!0 !0*
-!+? D!+. +! !.+?? GA -1/4.!E +:?5 !:). )? +! 1.+?+- (")"%'" G+!.. 'B0:?+'! 9'!0+::! GA !99+0'!05
+:.0' A) +! D!0+':?!0 91.!/4A0-?! '!.2:?5 +! !* $"%%" !+ A0'B0:?+'!0 9'!0+::!0 +:? !9 10G!90 !9!)?+'?
%" $!
+G+0 .+!'? +0 9B//!905 !00 ?+!0?!0 !9:? !'9+$$!0 )* +!:! !0 9G?!0 A0 ?+!0?!0 C19GA!0?).?!0 :1 :: +/*
#"*$"
!0 D: +)0!0 0'!?0 D+9 # /+? +::!0 C10 9G?!0 19* $'' /!9 0A9 !+0 !99+. !9 D)9!0 +9-A0' !+0!: 9G0!+/+?*
:)!90 A0 !)29 !0 # D!9 !0 :+! A: !9 A? $)9!0 $ %' ?!.: 0 +! $$!0?.+)-!+? '!.0'?5 +! C!9$.:)?!0 )D!+*
+0 +) /+9 :+)!95 $%( '' :! D!9 !0 0:).+!(!0 C!9$.:)!0 -1//A0+G+!9? A0
1 D!9 !0 !?D 9G0!+/+??!. C10 !0!0 '!?!:?!? +! :+! ! +0 +! 9E+: A/'!:!?G?5
)!9:?!..!05 *( '" !:? :?!)? ?A +!0 +! C10 !9
0 A:?9+! !G).? D!9 !0
: '!:)+!)? +0 ?!+.: B9$?+' 0'!.!'?!0 -.+0+:)!0 ?A +* !99+0'!0 /+? '92(!9!9 )9:)!+0.+)-!+? !+0 41:+?+C!:
!0 /+? !+0!9 !/429!0 -.!+0!0 ). 0+)? 9!49:!0??+C!9 'B0:?+'!: 9'!0+: .: A0)0'+'! ?A +!05 @H3H ?9A'!0
?+!0?!0 A0 /+? :+)?.+) A0GA.0'.+)!0 0.F:!C!9* 9!+ +::!0:)$?.!9 A: 9C9 A0 1910?1 ..! ?A +!0
$)9!0 +! GA 0'!?0 :+0 !0 A?G!0 !9 ,!D!+.+'!0 GA !0 '92(?!0 ! +-/!0?!0'9A44!0 # 0?+ !49!::+C ĉ
ĉ <!=/! +-/!0A! D0 =2 G!+A!< # JD=//!0 D0 D0* .= G<! = 0+)A =)20 =).+// '!0D' = ' D) 0*
A!<=D)A!0 JG!+ J!0A<.! <'!0 < +)< <'!0+= 52=+A+F '!0 E!< !!0G+<-D0'!08
0 !0 AD +!0 +! +0 !<
D0 G<!0 =+! F20 !<
0 D=A<+! $+00J+!<A G2< !09 +! $0* G+==!0=)$A.+)!0
+A!<AD< !<=)+!0!0 /)A! = ! +*
!0 E!< %KK AD +!0 "% <2J!0A !< F20 !<
0 D=A<+! $+* -/!0A !+0!0 'DA!0 +0 <D-8 !< D= !0 D0F!<3$$!0A*
00J+!<A!0 G<!0 52=+A+F 2) 0D< %K <2J!0A !< D0)0* .+)A!0 AD +!0 !<$D)<!0 G+< == D0A!< !2H!A+0 +/ !<*
'+' $+00J+!<A!08 = +=A !+0 =!)< =+'0+$+-0A!< 0A!<=)+! 8 '.!+) JD< +00)/! !< 20-D<<!0J/! +-/!0A! +!
CKK? D0A!<=D)A!0 +==!0=)$A.!< E!< !+0!0 !+A<D/ )<=)!+0.+)-!+A F20 !!0G+<-D0'!0 )3)!< G<8
F20 J!)0 )<!0 ,! ! AD +! $E< =I)25)</- +0 F+!< )+!< -!+0!< = !=!AJ '!<2)!0 )AA! +=A !2H!A+0
G+==!0=)$A.+)!0 !+A=)<+$A!0 +0='!=/A %&C AD +!08 +//!< 02) D$ !/ <-A D0 = I=A!/ = +!= JD*
+! F20 !<
0 D=A<+! $+00J+!<A!0 !<'!0 +0 >" <2J!0A .+!( !=A!)A +//!< 02) # $E< ..! ! +-/!0A! +0 ..!0
!< ..! 'E0=A+'! <'!0+==! $E< = !+'!0! ! +-/!0A
0 !<0 !< < !8 !'A+F! A!0 '!)!0 F!<.2<!0 !+ ..!0
G)<!0 D0)0'+' $+00J+!<A! AD +!0 0D< +0 &" <2J!0A !)0 .D0'=$2</!0 D$ ..!0 !+!A!0 !< +==!0=)$A8
!< ..! !+0 52=+A+F!= <'!0+= <)A!08 +! !)3< !0 D0 !<D$=F!<0 ! F20 !0!0 G+< F!<*
2<0 .+!'A != == F20 !< )</+0 D=A<+! $+00J+!<A! 0E0$A+'!<G!+=! !<G<A!0 == =+! =2.)!0 <-A+-!0 !+0 0*
AD +!0 $=A +//!< !+0 52=+A+F!= !=D.AA !<J+!.!09 ! !<!+A!0 )!0 F!<='A8
$E< '+A != F!<=)+! !0! <=)!08 +==!0=)$A.!< !00 /0 !.!'!0 G+.. == AD +!0 0+)A F!<3$$!0A.+)A
-300!0 !+0 0!D!= ! +-/!0A /+A !+0!/ !-00A!</* GD< !0 =A!)A /0 F2< !+0!< +0A!<!==0A!0 !<D=$2< !*
(!0 0+)A =!)< G+<-=/!0 F!<'.!+)!0 # 2 !< /+A !+0!/ !* <D0' 0 /D== +! H+=A!0J F20 AD +!0 !G!+=!0 JD !*
-00A!0 ! +-/!0A +0 !+0!< D00'!/!==!0!0 2=+=8 0!0 /0 -!+0!0 D'0' )A8
0)/. $E)<!0 )</D0A!<0!)/!0 D) !+0$)
/ )< CKK" D0A!<=D)A! !+0! 2<=)D0'='<D55! ..!
J).<!+)! AD +!0 D<) D0 G!00 =+! =!)!0 == +! <* !<3$$!0A.+)D0'!0 !< *!)3< ! $E<
!!0=/+AA!.E!<*
'!0+==! D0'E0=A+' D=$..!0 F!<3$$!0A.+)!0 =+! +! <'!* G)D0' D0 <J0!+/+AA!.JD.==D0' 22 0 <D' /+*
0+==! !+0$) 0+)A +0 G!+A<!+)!0* != 0+=A<A+20 67 JD 0A+ !5<!=*
<2.!/ !/ =!+A )<!0 =+F +! JG+=)!0 41"> D0
%'$
'(! $ !(
0+)A !+JD-2//!0 +=A # +/ CKK& D$ !0 <-A '!-2//!0
!'!0=AJ JD ..!/ G= D* G<!08 +! +==!0=)$A.!< $0*
$+! ! $
.==D0'=!)3< !0 )</D0A!<* !0 >& AD +!0 /+A A!0 F20
0!)/!0 D0 !+0+'! +==!0* 4C %KK A+!0A!08 B" +!=!< AD +!0
#"%') %(''
=)$A.!< ='!08 )AA!0 52=+A+F! <'!0+==! D0 '*
!.=A G!00 G+< = +0 !0 !0 0 == = 0!D! ! +-/!0A
<+$$ !-2//!0 GE< !0 !* G+<-A! # B? G<!0 0!'A+F8
+J+0!< GE< !0 G!+A!< 0A* 00 =D)A!0 +! +==!0=)$A.!< +0 !0 G+==!0=)$A*
=)!+ D0'!0 E!< !)0 .D0'=/!A)2 !0 A<!$$!0 =+!* .+)!0 !<3$$!0A.+)D0'!0 +! <JA!0 D0 A+!0A!0 JD*
<!0 D$ /! +J+0+=)!0 !.!'!0 +! =!+A F+!.!0 )<!0 F20 '0'.+) =+0 0) +!=!0 AD +!08 +!< !<' =+) !+0
<D0 D$ F!<$.=)A =+0 8 F3..+' 0 !<!= +. B> !< 52=+A+F!0 AD +!0 G<!0 +0 F2..!<
0'! F!<3$$!0A.+)A 2$A /+A F+!. D<2<!8 0J 0 !<= !<'+0'
!= !0 AD +!0 /+A 0!'A+F!0 !=D.AA!0 D< <!+ F20
!2H!A+0 +=A !+0 ! +-/!0A JD< !)0 .D0' F20 !5<!=* +)0!0 GD< !0 F!<3$$!0A.+)A8 CC '+0'!0 !+0$) F!<.2<!0
=+20!0 = +) =!.=A D) F!<=)<+!!0 )!8 !+ !+0!/ D0 !<=)+!0!0 0+<'!0 = D(!< +/ =).!)A '!2< 0!A!0
/!+0!< A+!0A!0 )AA!0 0 !<! ! +-/!0A! 0+)A '!)2.* *<)+F8
$!0 .=2 G2..A!0 G+< !AG= !D!= 5<2+!<!08
) .= +! AD* +0'! != D/ !+0! AD +! !+0!< !+0J!.0!0 2<=)!<'<D55!
+!0 A!0 !)! +) = !J!5A D==A!..A! D0 $0 0D< 'DA +! +! .$A! +)<!< <'!0+==! D0A!<=).'A G!+. +)< = !*
'!=A.A!A! $+<! AD +!0 /+A E!<G.A+'!0 52=+A+F!0 !=D.* =/A!<'!0+= 0+)A '!$..A 00 -300A!0 G+< = /+A !)A
AA!08 !2H!A+0 GD< ! G!.AG!+A /+..+20!0$) F!<=)<+!* .= :G+==!0=)$A.+)!= !).F!<).A!0; !J!+)0!08 2)
!0 D0 '.A .= =+)!<! D0 G+<-=/! !)0 .D0'=/3'* G!00 +! '!=/A! AD +! F!<=)G+0 !A D<) +AG+<-D0'
.+)-!+A8
) !=5<) /+A !/ A+!0A!0 +! F2<)0 !0!0 F20 D0 !<A!0 +0J!.5!<=20!0 G!.AG!+A +/ 5<+FA!0 D0
)MfMµ *ff} 2G*`ƕZ/MfM2`Ɔ 2A\2fkH*µ G2f\2 \M2M
!.!'! !< +<-=/-!+A D0 G+< G<!0 D0= !+0+' == +!= 3$$!0A.+)!0 !-A2< 00 -J!5A+!<!0 G+< = .= 02</.8
= <+)A+'! ! +-/!0A $E< !0 0)=A!0 )<+AA G<8
2) G+< GD< !0 +0 +!
<<! '!$E)<A8
/ -A2!< CK4K '!*
.0' != !+0!< <D55! F20 +==!0=)$A.!<0 ..! ,! JD !2* !.AG!+A J).!0 !'+!<D0'!0 +..+< !0 D/ = <+55!*
H!A+0 D<)'!$E)<A!0 !<=D)! JD=//!0JDA<'!08 /! +-/!0A /+$.D +0 !0'!0 JD )2<A!08 ..!+0 +0 <2(*
+! A!0 !<'!0 !+0 !<=)<!-!0 != +.
0 =+!!0 <+A00+!0 GD< !0 /!)<!<! D0 !<A +..+20!0 D<2 D=*
AD +!0 G< !2H!A+0 /+A !+0!/ .!2 F!<'.+)!0 G2<* '!'!!08 D<) +!=! D='!0 =2.. +/ ..! !+0!< 5+ !*
!08 D< !+0! +! 0 C%& A+!0A!0 D<)'!$E)<A G2< !0 /+! 0+)A .2( +! D!< !< I/5A2/! F!<-E<JA G!< !0
G< )AA! !+0 2< !0A.+)!= 52=+A+F!= <'!0+= # +!=! AD +! 6G= /+$.D JD$<+! !0=A!..!0 ADA78 +!
0F!=A+A+20!0 =2.*
GD< ! +0 !+0!< G+==!0=)$A.+)!0 !+A=)<+$A F!<3$$!0A.+)A8 .!0 !0 0A!+. !< :2/5.+-A+20!0; =!0-!0 = +=A !+0!
2) != G<!0 =!)= G!+A!<! AD +!0 /+A $=A J!)0/. /=)<!+D0' $E<
D0'!0!0AJE0 D0'!0 D0 2 !=$..!8
/!)< A+!0A!0 D<)'!$E)<A G2< !0 +! !<'!0 == +!.! '!)!0 F20 D= == /+$.D = -008 = *
!2H!A+0 0+)A !==!< G< .= !+0! D-!<5+..!8 !+0! +!* !=D0 )!+A=/+0+=A!<+D/ ='A! =2 GE< !0
!!0 '!<!AA!A
=!< AD +!0 GD< ! F!<3$$!0A.+)A8 D0 <0-!0)D=!+0G!+=D0'!0 F!<)+0 !<A8 +! D<25+*
=)! <J0!+/+AA!.'!0AD< !<-.<A! != -300! 2/5.+-A+2* '(!'$ .+)D0' =20 !<0 +0 !+0!/ =+/5.!0 0.+0!*2//!0A<
0!0 <! DJ+!<!08 +! D=A<.+=)! <J0!+/+AA!.!)3< ! ='* *%%! !' !< D0A!< !< /+$.D*!<=+)A D$ !< 2)<0!*!*
A! ==!.!8 D$ !< !*+A! F20 /+$.D* !<=A!..!< 2)! ! $+' +A! '!52=A!A GD< !8 !+0! +0G0 !
(! #"'
G< F20 ?> <2J!0A G!0+'!< 2/5.+-A+20!0 JD .!=!08 2)
$ )"! $ ' ' (% '( -(%%%'
G!.)! !.!'! '+A != $E<9 +! !0AG2<AD0' =2.)!< <* ! *$! ($ " %'* (%% $( %"%' % ' ($
'!0 +=A +! D$'! !< 2)<0! 2..2<A+20 != '<2(!0 %! !% * ' (% $ -'$' $' $ *
$('$
+0A!<0A+20.!0 20*<2$+A*!AJG!<-= F20 +==!0=)$A* !'%
-' ',% ('$ $ '( % (' $%
.!<0 = ,)<.+) D0 !<A! =I=A!/A+=)! !<=+)A!0 JD
' %$# %% %$
"$ %%' $%
G+)A+'!0 <'!0 !< ! +J+0 !<=A!..A8
% - $)$$ '( -(%# * % '(
/ )< CKK1 =2<'A! /0 =+) G!'!0 !+0!< <+55!!5+ !*
+($ ($ -+ $ '$'($ *$!''# ($ $
/+! D0 != GD< !0 <+!=+'! !. !A<'! $E< /+$.D D='!*
' )$ )$ ' %' (% $ ($
'!!08 !=). A!0 +! !'+!<D0'!0 F20 <2(<+A00+!0
-
(%%%( %$ %($ * $ (%'$
D0 D=A<.+!0 =5!J+!.. +! 2)<0! !=5+<A2<I +=!=!=
-$' (# % %' ' $ *$%%#
<2D5 +! <D55! $E< A!/G!'=!<-<0-D0'!0 !< 2)*
<0! 2..2<A+20 D/ !+0! -AD.+=+!<D0' +)<!< !<* +!=! <+A+- A<$ 0+)A D$ AD! )<!08 2/ !$$!<=20 +=A
=+)A=<!+A!0 JD +!=!/ ! +-/!0A8
!+A!< !< 2)<0! !=5+<A2<I <2D5 D0 F!<0AG2<A.+*
2)<0!*!<=+)A!0 G!< !0 .D$!0 E!<5<E$A G!+. )!< DA2< !< !<=+)A=<!+A D= !/ )< CKK"8 <
+! !.!'! =+) /+A !< !<3$$!0A.+)D0' 0!D!< AD +!0 .D* <D/A! !0 !).!< !+0 D0 /)A! =+) 5<2$!==+20!.. D0
$!0 F!<0 !<08 = G<! !+0! '0J ..A'.+)! <!+A '!G!* 2)0! /=)G!+$! D$ +! D)! 0) !0 <+)A+'!0
0$2<*
=!0 +! F2<)!<+'! !<=+)A D= !/ )< CKK" )AA! !+0+'! /A+20!08
+0G!+=! <D$ !<'!!0 == /+$.D AA=).+) +! 0* /+A !'00 !+0 /5$ !< 02) 0+)A '!=).2==!0
J). !< 2/5.+-A+20!0 <! DJ+!<A8 +=A !< !< J!+'A G+! G+)A+' !< D'0' JD ..!0 <'!0+=*
2) 00 <!F2.DA+20+!<A! !< 2//!0A< !+0!= ,50+* =!0 -.+0+=)!< AD +!0 $E< +! +==!0=)$A.!< +=A8
=)!0 +0 !<<JA!= 0/!0= !+,+ I=)+ D0=!< !<=A0 * D!<=A =)<+!!0 +! +==!0=)$A.!< F20 2)<0! 0
0+= F20 !F+ !0J=+!<A!< ! +J+0 !+ !< 5A+!0A!02<+!0* +! DA2<!0 !< +=!<*<!+A D0 A!0 D/ G!+A!<!
0$2<*
A+!<A! 0A=)!+ D0'!0 0) 3'.+)-!+A D$ !< <D0 .'! /A+20!08 0 0AG2<A!A! +)0!0 = !/ =!+ 0+)A /!)<
F20 !/5+<+=) 0)'!G+!=!0!< +<-=/-!+A '!A<2$$!0 G!<* +/ !=+AJ !< 0A!<.'!0 =+! =2..A!0 =+) 0 !0 /+$.D*
!0 =2..!08 I=)+ -2//!0A+!<A! 0+)A +0 !+0!< !<3$$!0A* !<=A!..!< 2)! G!0 !08 ĉ
$'%'%" ŋƭŤÓŤƭǠŋƟ HŷŤ ƟƟ
f˧ČijĒĠwĒſſËij
ĉ +!< !'00!0 +! <2.!/!8 2)! 0@F2<@!@! /0 @!0 C= !< +=!<*<!+@ E20 =!+0!< 0.H=! C==).+!*
FD< ! +)0!0 !+0+'! @!0 D!<.==!0 !< +! 2)<0!* (!0 +! +0I!.)!+@!0 0+)@ C$ +! D.+)! !+=! E!<+$+*
+==!0=)$@.!< /D==@!0 !+0! !<@<C.+)-!+@=IC=+)!<C0' I+!<@ F!< !0 -200@!08 0 -00 -!+0! 0@=)!+ C0'!0
C0@!<=)<!+!08 = +=@ !+0! 0/3'.+)-!+@ $D< !+0!0 =!<+3* D!< +! !)0 .C0' C0 !0 C$ E20 ! +-/!0@!0 C$
=!0 +==!0=)$@.!<8 2 -200@! /0 -!+0! =H=@!/@+=)! !< =+= E20 @C +!0 @<!$$!0 !<!0 !@)2 !0 C0 !=C.@@!
!<=+)@=<!+@ /+@ )+0<!+)!0 !< $$!0)!+@ C0 <0=5* 0+)@ 2$$!0'!.!'@ =+0 8 +< -300!0 0+)@ .+0 <C$ E!<*
<!0I =)<!+!08 @<C!0 == ,! ! @C +! !+0! !)0 .C0' 0'!/!==!0 5<D$@8
2)! E!<.0'@! .=2 !+0!0 '!)!+/!0 !<@<' C0 $2< !<* = +=@ !=20 !<= F+)@+' !+ /+$.C !00 != '+@ 'C@!
@! !<=)F+!'!0)!+@ D!< +! !<@<'=! +0'C0'!0 C0 <D0 ! $D< +! 00)/! == +!=! @C +!0 0+)@ + !.
@C +!0 @!0 +0 !+0!< +=-C==+20 +0 !< != C/ +! +)!<* E!<.+!$!08
)!+@ C0 +<-=/-!+@ !+0!= F!.@F!+@ )C0 !<@@C=!0 $) !+ 0)!<!< 0@!<=C)C0' I!+'@ =+) IC/ !+=5+!. ==
!+0'!02//!0!0 ! +-/!0@= '!)@8 +! C=F). 0 @!+.0!)/!0 !0 @+!0@!0 C0'!F3)0.+)
/ -@2!< BJJ1 0 !<@! = 0@!<0!)/!0 =!+0! <'C* F< =2 == +! <'!0+==! $D< 02</.! <+55!5@+!0@!0
/!0@@+20=F!+=!8 0 FD< ! 2)<0! +! @!0 '!<0! 0+)@ =!)< <!.!E0@ =!+0 -300@!08
0 !0 E!<3$$!0@.+)@!0
D!<'!!0 !< 2)! )! +! @C +!0!<+)@! 0 !+0! !<+)@!0 F!< !0 +! @C +!05@+!0@!0 .= @H5+=)! <+5*
0 !<! @!..! D!<'!!0 F2 !+0! !@0.H=! C<)'!* 5!5@+!0@!0 !=)<+!!08
$D)<@ F!< ! !=). =!+!0 =+! 0+)@ E!<$D'<8
= +=@ 0+)@ F+<-.+) .2'+=) <C/ =2..@!0 0+)@ /!)*
<!<! <C55!0 0 !<=!.!0 <'! <!+@!09 !+ !+0!/ '<+55.!0
0$!-@ F+< 0+)@ <2C@+0!/(+' !+0
+0! 2)! =5@!< =)+-@! 2)! 2)0! F!+@!<! 0-D0* <+55!.C@@!=@ '!/)@8 !00 =2.)! !=@= !< '!/)@
+'C0' =+!!0 -C<I! 2-C/!0@! ,! !@F !+0 C@* F!< !0 00 +=@ C) IC 5+@I!0I!+@!0
I!0 !+@!0 .0'8 +! !0@)+!.@!0 !< <+55!F!..! 0C< !@F !+0
$
,( (!, ",
C=ID'! C= +0@!<0!0 0@!<.* <+@@!. !< :<+55!5@+!0@!0;
'!0 != 0@!<0!)/!0= IC F+<-.+) /+@ !/
0$.C!0IE+<C=
#
) ( &&# ++")
,! !< !< -.+0+=)!0 @C* +0$+I+!<@8 +! 0 !<!0 .!+ !0 /!+=@
+!0 +0 !< !@0.H=! 0 !+0!< 02</.!0 <-.@C0'8
E20 +=!<8 = F< !+0
0$0' !< != F<!0 ,,)+'
0 !< <!+@ E20 +=!< !< F<!0
IF!+ <+@@!. !< <20 !0 52=+@+E C$
0+)@ 00)!<0 C=<!+)!0 !
0* <+55! '!@!=@!@8 = +=@ !+0 =!)< )2)!< 0@!+. C0
$2</@+20!0 !0@).@!0 /+@ +! 2)<0!*+==!0* = ! !C@!@ == !< C@I!0 != ! +-/!0@= C$'!*
=)$@.!< !0 C@I!0 2 !< +! C$+'-!+@ E20 C0!<FD0=)* C=)@ F+< 8 !00 != F+< 0 5!<$!-@ '!!+'0!@!0 @+!0@!0
@!0 <!+'0+==!0 !=@+//!0 2 !< C) 0C< !<-!00!0 -200* '!@!=@!@ +! /+@ )3)=@!< )<=)!+0.+)-!+@ E20 !+0!/
@!0 F!.)! !@)2 !0 +0 !0 @C +!0 0'!F0 @ FC< !08 ! +-/!0@ 5<2$+@+!<!0 F!< !0 = =5!I+!.. !0 <+55!*
E+<C= !-/5$@8
0 !< ..@'.+)!0 <G+= !< F2 +! !=C.@@! +!=!<
)0!.. FC< !0 !+0+'! 0'!<!+/@)!+@!0 !+ !0
0$2</* @C +!0 0'!F!0 !@ F!< !0 '!!0 <I@! = ! +-/!0@
@+20!0 D!< +!=!= ! +-/!0@ !<-!00<8 +0/. <!.!0 @+!0@!0 /+@ !+0!< :'<+55!)0.+)!0 <-<0-C0';8
)!<<=)@! !@<)@.+)! 0!+0+'-!+@ D!< +! ..'!/!+0! 0@!< +!=!0 F!< !0 E+!.! '< 0+)@ /+@ !/ <+55!E+<C=
+0=)@IC0' != ! +-/!0@= 2$$!0=+)@.+) C0@!<* +0$+I+!<@ =!+08 = )!+(@ +0 !< <!.!0 !.@ F+< !< C@I!0
=)+! .+)! @!0 E2<.'!08
C@ =!+ -!+0 C@I!0 +0 E20 /+$.C !+ <+55! E!<F==!<@ C0 F!+@C= /!)< !0*
!IC' C$ 2/5.+-@+20!0 60/8
C0'!0!0@ID0 C0'!0 =)!0 +! '< -!+0!0 <+55!E+<C= +/ 3<5!< )!0 F!<*
C0 2 !=$..!7 $!=@IC=@!..!0 F)<!0 +! *!=C0 * !0 !/ ! +-/!0@ C='!=!@I@8
)!+@=!)3< ! 0' != <! CI+!<! 2/5.+-@+20!08 +! ,* C<) =@!+'@ F+! !<C/ +! ! !C@C0' !< !!0F+<-C0*
50+=)! C.==C0'=!)3< ! '+0' 0+)@ E20 !+0!/ C@I!0 '!0 +/ !<).@0+= IC/ C@I!08 !=). !/D)!0 F+< C0= =+*
!+ 2/5.+-@+20!0 C= 2) +! C<25+=)! <I0!+/+@* )!<IC=@!..!0 == ..! @C +!0 0 02</.!0 '!F3)0.+)!0
@!.IC.==C0'=!)3< ! 67 ='@! != '!! !+0!0 C@I!0 ..@'.+)!0 @+!0@!0 C<)'!$D)<@ F!< !08
=@ = 0+)@ !<
!+ 2/5.+-@+20!08 .. =+0 +! <'!0+==! 0+)@ <!.!E0@ $D< +! !.+@@8
0C0 =
0@!<!==! !< 2)<0!*+==!0=)$@.!< !<* 2 FC< ! +! !<=+)@ E20 2)<0! +/ !I!/!< BJJ1
F)@ F< =@!..@!0 =+! C) +=-<!50I!0 !+ !< C$+'* 2)0! +! @!0 E20 +=!< E!<3$$!0@.+)@8 = .3=@! !+0+'!
-!+@ E20 C0!<FD0=)@!0 <!+'0+==!0 +0 E!<=)+! !0!0 * C$<!'C0' C=8 2)! =@!..@! +! -C<I!0 C=ID'! +! 0
@!00-!0 $!=@8
0 !< '.2.!0 +)!<)!+@=*@!00- E20 2)<0! '!=0 @ FC< !0 20.+0! C0 ='@! IC +! E2..*
2)! F<!0 B&>> 0!C<25=H)+@<+=)! C0!<FD0=)@! <* =@0 +'!0 @C +!0!<+)@! IC'0'.+) IC /)!08
!+'0+==! '!000@ E20 !0!0 %>B .= :!<0=@; !+0'!=@C$@ F2<* = 2)! +0=
0@!<0!@ =@!..@! F< C0E2..=@0 +' 2)
!0 F<!08
0 !< *@!00- !<=!.!0 !<+2 ! F* +! 2)<0!*+==!0=)$@.!< !<$C)<!0 ../).+) /!)<
<!0 +0='!=/@ 0C< 4"J% C0!<FD0=)@! <!+'0+==! E!<I!+)* D!< +! @@=).+)!0
0$2</@+20!0 +0 -.+0+=)!< @C +*
0!@8 = '+@ IF< -!+0! !+0)!+@.+)!0 !'!.0 $D< =2.)! !.* !0!<+)@ +=@ /+@C0@!< =!)< .0' /0)/. C=!0 ! !+*
C0'!0 2) @<2@I !/ F< = !+'!0<@+'8 @!08 ! !< !=)$@+'@! !< )</<0)! +=@ /+@ +!=!0
2)! .=2 !/ 2)<0!*!/ -!+0!0 C'0' IC 2-C/!0@!0 E!<@<C@ 2) <I@! C0 @+!0@!0 F+==!0
!0 !03@+'@!0
0$2</@+20!0 $D< !+0! 2< 0C0'='!/(! -C/ E208 <+0 =+0 E+!.! +0I!.)!+@!0 !0@).@!0 IC/
!<=+)@=<!+@ '!F)<@! /C==@! != ..! C0E!<3$$!0@.+)@!0 !+=5+!. !< '!0C! .0 $D< +! =@@+=@+=)! C=F!<@C0' !<
VORV
XQJ
DKQ
)MfMµ 2G*MƆ 2A\2fkH*µ G2f\2 \M2M
XVFKW
*HWl
*
9)' 5-4#7+ 5' 5'% 9* ' 4749)'%('7 4 & (( .61 -% 5 57'**7 +'%7 -% %')7 '**4 +-% 5
7'+7+7+1 5 <4 (-*'5% ' + *'57+ <'%7'#+ $ 5". 74') >94:( 55+ 4# 2'++4%) <+'#4 &
')+ 5-)%4 4'7+ '57 ' 4749)'%('7 ('+ %*1 $.%2(! 4)( #3 '* >*4 8??, .!!+7)'% >9#5'%47 <-4+ <41
2/1(6(
* 9#957 8?/? <94+ +-% '#+47'#4 -449+#+ )'%>'7'# !:%47 5 +74+%*+ + 5 5' 9!# 4
($"1 %(((
#57))7 ' ' -457))9+# 4(+++ )'$+ 55 +74& .$/%$.( %.4+ +'%7 4 '55+5%!7)4 '5 +75%'9+#+
+%*+ 4%7'#7 5'+ + 9#+# >9 +!-4*7'-++ >9 /$ / :4
97>+ 9+ '5'(+ >9 74!!+1 '5 %9079+# '57
(-+74-))'4+ ' 4>7 9+ 7'+7+ <)7<'7 4'+#+
( $".. 95 ><' 4:++ +'%7 %)741
!:4 (-*07+7 +75%'9+#+ +.7'#+1 1$(1( 457+5 <'55+ <'4 <' ' ;')+ +4+ '(*+&
457 57+ 5 +74+%*+ 49! + +)=50)+ 7+ +'%7 - + %.4+ )) 7+ ;-4)#+1 *
+94
4 -%4+&'55+5%!7)4 >9 5%+1 97 5#7+ ' 8?/8 %9077 -% ' ;-))57+'#+ 7+ 4 ()'+'&
9+ 57))7+ + 4:!0)+ -+)'+1 5 # <+'# 44& 5%+ 79'+ 5'+ '* %*+ 4 9)559+#5;4!%4+
5%+5 4'+ ++ )) 45'%754'7+ ;-+ -%& + 59+%'75%.4+ <)7<'7 !:4 '%4 45'%754&
4+ !-)#+ -%+%'+ #4.$7+7')5 *5)+ 95741 '7+ >94 4!:#9+# #57))7 <-4+1 -% ' %7 !:4
*'+57+5 /" 79'+ ('+ 447'#+ +!-4*7'-++ 4&
!
A
"
EM6E?
!
%)7+1
-% %')7 ' '#++ 79'+4'%7 <'74 >94:(1 +& ') 5' ' +' +!-4471
><'5%+ <'#47 5'% 4 -+>4+ 5%-+ 5'7 '+*
%4 + 5 4'+#7 9+5 >94 ><'7+ <'%7'#+ 4(++7+'5
' 79'+4'%7 >9 ;4.!!+7)'%+1 ' 9)559+#5%.4+ 5'+ +'%7 9+!%)41 ' *%+
).7>)'% 4%- 5 +74+%*+ 045.+)'% +5%9)& %)4 9+ #+9 5%) '57 5 5- <'%7'# 55 ' +7&
'#9+#+ 9+ %9077 '55+5%!7)4 ;-+ -%4+ 5%'9+#+ ' 5' !))+ <)7<'7 9+74 + 9#+ ;')4
%77+ 9+<%4 %9079+#+ :4 5 '(*+7 9+ :404:!7 <4+1
5 +74+%*+ #*%71 4 5 <4 9+ <5 4 -4 =$#/C-42! >$>C-2:1CC+$>I-I4:#$
5' #5#7 %77 5#7 -% +'%71
++ <94 5 +-% 5-+4441 *
+94 8?// 7')7
-% *'7 ' -%4+&'55+5%!7)4 %77+ )) 7+
4%)7+ ' 5' 49%7+1 5 57'**7 +'%71 * 494 ,$ ".'#
3!- !
! !
5#7 -% )) ;4)+#7+ 79'+ 5'+ ;4.!!+7)'%71
H42 $2 40# =$" EM6D"
5 >-# 5'% 9! ' <' <'4 '+><'5%+ <'55+ '44&
-$7$2+$F$= -C> +" 502: =-)-20F>,
!:%4++ <'55+5%!7)'%+ 4'7+ :4 *'!)91 )$! ;# +=1< 8EM6E9: $=>$CLC H42
++ 4()47 5 +74+%*+ 5 <:4 ('+ <'74+ 22$ 11$=C F2# =-2 -$#0$=: =$-> 63"33
7+ )'!4+ 2' %+ )) 7+ ' ' !:4 '+ 4& F=4: 161 /1&&( 2(1. 5$5)#/")*+
5'%754'7 49%+13
44)0$> 41-2),4FC
2C$=2$C,FCL$= -1 -0- 42 00$K /52, #-$ )$>1C$ $CL2$FC=0-CC F2# >4)= #-$
2$2 2F= #H42 C=F1$2" I> 44)0$ -1 ,$0$/41F'>- +C>$+5=#$ -2>
DMMM -041$C$= $2C'$=2C$2 2>> -CK 2/$2 =-2)$2!
1 $7C$1$= >400 #> ,
4''$=-$=$2 I-00! G= @M 400= -$C$C #$= $=F'F2)>)$=- +C -2 >+-2)C42 #=G$= $,
42L$=2 $-2$2
2C$=2$C,2> +0F>> 1-C >F, '-2#$2" 4 #-$ -+=$ 417$C$2L$2 G$=,
7$=> +2$00$2 4I204#> H42 $-2$1 -)-C > +=-CC$2 +C" 0> >-$ EM66 #$2 ,=4H-#$=2
7=4 $/F2#$: G= (M 400= LF>CL0- + ->C #-$ $CL2$FC=0-CC F'$=0$)C$: $= 2-$C$=
24 + $0'$=2>$+$2 1-C>1C $>C70CC$2, $=-L42 $CI >-$+C >$-2$ F2C$=2$+1$=-> +$
=$/4=#$= F2# $-2$1 $JF> 0$C 0> $=2, =$-+$-C ##F= + > +I$= $$-2C= +C-)C: G=
$#-$2F2) -2/0F>-H$: #-$ 2I0C$ #$> $CL$C=$-$=> /411C
> '=$FC 2- +C 2F= #-$ F2#$2: 2>> 44)0$> ''$2=F2) 2F2 I-$ )$=F'$2: $,
-CK>
4/0740-C-/$= +$2 >- + >4)= 4'', 4 +C$= I-$ #$= '=G+$=$ ,411->>=
2F2)$2 )$1 +C" #>> #> F0C=> +2$00$ 4$=C 4I$00 $=I=C$2" #>> #> $=F,
$CL H-$0$ 2$F$
2C$=2$C,C=CF7> 204 /$2 'F2)>)$=- +C #-$ $+5=#0- + H$=4=#2$C$
IG=#$" 'G= #-$ > +2$00$ F2# -00-)$ $, $CL2$FC=0-CC /-77$2 I-=#: 4 + #> I-=#
F)2)$ $-2$
$$2>)=F2#0)$ >-2#: H-$0 =)$= )$$2:
4 + #=F> I-=# 2- +C>: 44)0$ I-00 1-C
#$1 2)$4C 2F= =-HC/F2#$2 2>7=$ +$2
F2# H$=02)C -2 #$2 FCLF2)>H$=$-2=F2, -$ $)-$=F2) +C $=$-C> #F= +0- /$2 0>,
)$2" #>> F2#$2 2F= 1-C F>#=G /0- +$= >$2" #>> >-$ $-2 2#$ #$= $CL2$FC=0-CC
$2$+1-)F2) H42 44)0$ $-)$2$ $=H$= 2, 2- +C +-22$+1$2 I$=#$: 2# F + #-$ $7F,
> +0-$*$2 #G='$2: 0-/2$= I400$2 -#$=>C2# 0$->C$2: $-
1-C CFC 44)0$ )$2F #>" I> 2#$=$2 /522C$ #-$ )$>1C$ $0$/41F'>- +C>$+5=,
2C$=2$C,=4H-#$=2 I-$ #$= $0$/41 H4=)$, #$ L$==-$$2 I$=#$2:
I4='$2 I-=#! > 2C$=2$+1$2 H$=>F +C" -$
=42-$ ->C" #>> 44)0$ H42 #$= $CL,
>$-2$
2H$>C-C-42$2 LF > +GCL$2: G= 44)0$> 2$FC=0-CC 7=4'-C-$=$2 IG=#$" I$-0 /0$-2$=$
=-C-/$= ->C #> #$= $0$)" #>> #$= -0- 42, $CC$I$=$= #> +>$+$2 +CC$2: 44)0$
00$K,-)2C 1-C )$>70C$2$= F2)$ =)F, +-2)$)$2 I-=# #-$>$> += LF1 LI$-C)=5*C$2
1$2C-$=C! ->02) )0C 44)0$ 0> 2C$=>CGC, 2C$=2$+1$2 #$> -0- 42 00$K F'>C$-)$2
L$= #$= >4)$222C$2 $CL2$FC=0-CC" $- #$= F2# /22 $> >- + #+$= 0$->C$2" #$2 $H4=,
2+0C$ 4+2$ G />- +C F'
2+0C F2# 1, LF)C$2 =2>74=C >$-2$=
2+0C$ LF $L+0$2:
'2) #->/=-1-2-$=F2)>'=$- #F= +>
2C$=2$C -$ 12 #$2 F=>I$ +>$0 $-20$-C$C" +C
)$> +0$F>C I$=#$2 1G>>$2: 1L42 $=$-C> #$142>C=-$=C! F$=>C /17',
1 =F2#$ H$=0$CLC 44)0$ #-$ $CL2$FC=, C$ #$= 20-2$, 2#0$= .+=$02) )$)$2 $-2$
0-CC 1-C #$1 2$F$2 2)$4C -2 2>> -CK $=/F'>>C$F$= -1 $CL: F2" )=4* )$2F)"
2- +C: $#$= 0$)C #$= 42L$=2 '$>C" I$0 +$ +C 1L42 >- + -2>
)$= #$= $'G=I4=C$=
2+0C$ >$-2$ F2#$2 #4=C 2FCL$2 #G='$2" )$> +0)$2:
24 + .)C $= >$-2$ $-)$2$2 -$2>C$ F' $-2$= F=47-> +$ 40-C-/$= +CC$2 #-$ +2 $"
42#$=>7F= #F= +> $CL: 1-CC$0> )$>C''$0C$= $CL2$FC=0-CC #-$ +-$>-,
!
2#$=$=>$-C> > +=2/C 44)0$ #$2 $, )$ C=CF7,=2 +$ LF $0$$2: -$ /522C$2
=F + >$-2$> 2)$4C> $-2: $22 .$#$= 7=-, $-2$2
2'=>C=F/CF=,42#> > +''$2" -2 #$1
HC$ 417FC$= /522C$ LF)0$- + 0> $=H$= $C0-$=C$ $,=5*$2 I-$ 44)0$ 2 + 1,
#$'-2-$=C I$=#$2: 4 /522C$ 44)0$ F20-$, >CL $-2L+0$2 1G>>$2" I+=$2# F'>C=$$2,
>1$ -$02FCL$= $-2' + F>> +0-$*$2: 42 #$ C=CF7> #H42 F>)$2411$2 I$=#$2:
$-2$1 2$FC=0$2 1)2) 1-C FCL$=2 I=$
/$-2$ $#$ 1$+=: 2# #> L$-)C" #>> 44,
$= FC4= ->C -=C> +'C>4 +$,4==$>,
)0$ & .$ 2 +
2C$=$>>$20)$ & 10 'G= F2#
742#$2C -1 -0- 42 00$K F2# $4 +C$C
10 )$)$2 $-2 2$FC=0$> $CL =)F1$2C-$=C: H42 #4=C >$-C +=$2 #-$ 2CI- /0F2) #$=
-$>$> 41-2),4FC -2 #$= ,=4H-2L /522C$ I- +C-)>C$2 ,$ +2404)-$F2C$=2$+1$2:
*??!
B-* EB: ! /*,! D1/ F*;?):C/ !:;?*4!/ *B. !,1..!/ () C!::;(? !; ,B. ;; ;!(; D1/
&!:/
B??!: " ;!*? / ! !/7
*? *!;!/ ?*4!/ *!/ #2: !:? ; H!(/ :C/ !:*//!/ C!:H!B&? ;*/
/)
B-* &!(? ;*! E*! !: */; C) B/ !;E*:?;(#?;.*/*;?!:*B. F*;?!/H) /!: (??!/ !; !* :C/ B/&!/ -!*(?!: E*!
:17 :C#? *! &!:!;?/ ! &:C/ B/&!/ B; !: *;;!/;(#?7
! *//1) !*/! .#:&! !: G41!:!*/;/, 56
B/ *! B#?:&;!*/&/&!7 D?*D!: !*/ /?!:/!(.!/ !;?1 !(!: ;?!,? H!*&?7 B: ,/44 AI :1H!/? &-B!/ ;;
!&B?(?!? !. !/ B/ 1;!/ B; !: 1##!/: !*/
// (*/?!:7 *! (/!/ #C:; :C/ !/ !*/!; /?!:)
,?B!--!/ 1--!,?*1/7 B;..!/ .*? ) ; &*-? B( #C: *! 1G:!*? . /!(.!/; HE*;(!/
//-!*/ B/ !*)
?(:*/ !*' (? D1/ &!:/ ; ?:?B4 B) 1:;?/ !; ;*?H!/ D*!:
//!: " -!*/ &-!*( D!:?!*-? ;!*!/7 !* H!*&? *!
;!/ ,*/ &!&:C/ !? C!: ; *! !* !/ !: ,!*/! :B7 !*. !:#1-&:!*(!/ !:-*) ??*;?*, B( */!/ :B/ ;*( D1: !:
*?? :!*'*&!:*//!/ ;!*? :!*
(:!/ -!*) /!: ?:?B4) /,B?1: 1,!? /?!:/!? &*? .//-*(!/ 1/,B::!/H &: HB D!:;?!,!/
B/& B/ 4*!-H!B& #C: G; B/ */ !: !; B/?!: !/ 8
/&*/& *:!?1:;9 A3 (!/ *! :B!/ /*(?7 1/ :B!/ &!)
/*!?!/ " .*? */HE*;(!/ =$
*?:!*?!:/7
//!: " !: ,!*/! :B7 !*. (-;??) &:C/ !?! /?!:/!(.!/ (!/ &!/B;1
8/; E: D1/ /#/& / ,-:9 ;&? D1/ ) -*(!/ *&()!( :C/ !:#1/ ; !: !() (1(! (/!/ B# :#1-& E*! *:.!/ *!
&!:/ 8E!// E*: !?E; *. /-*/!)/ !- /1-1&*!)?:?B4; #*//H*!:? ;*/ D1/ A% /)
//!: B; !: B#! &!(1!/ (??!/7
.(!/ .C;;!/ E*: ;(/!-- E(;!/79 D!;?.!/?./&!:/ /B: HE!* E!*-*(7 /
*! ;*/ :B!/ B/ (!/ !*/ /?!:/!() E!// */ !B?;(-/ :C/ !:4:!*;! HB
.!/ &!&:C/ !? 1/ &!:/ B/ !*' &!) D!:&!!/ ;*/ .B?!? !; ;(1/ E*! !*/! 8!/ !: 49 /!//? (:*;?*/! 1-,.//
(2:!/ HB !*/!: !(!: ;!-?!/!/ 4!H*!; */ ,-!*/! !/;?*1/ / E!// " E*! D1: !*/!. *!;! -B#? HE*;(!/ :B!/ B/
/)
!B?;(-/ 7 E: *;? !: /?!*- +!/!: :B)
(: !*. :C/ !:4:!*; !: *:?;(#?;) /!:/ */ !: :C/ !:;H!/!7 / !: (B.)
!/ *! */ !/ D!:&/&!/!/ :!*!*/(-
() 1(! &!;(!(!/ " .*? *:&*? :2&!: -; 4!?!: (11- 1# B;*/!;; / 1/1.*;
:!/ /?!:/!(.!/ &!&:C/ !? (!/ -B? 1):C/ !:*/ D1/
!*/!
2!-./B#,) !: /*D!:;*?? B44!:?- -!*?!? 1-,)
!/ :(!B/&!/ !; -1- /?:!4:!/!B:) ?B: HB.*/ !;? !*/! :B .*? *. 11? ;*?H?7 .// !/ !(:;?B(- #C: /?!:/!(.!/;)
;(*4
1/*?1: AI33 */ !B?;(-/ B# !*) / !: !&!- E!: !/ *!;! :!*;! /.-*( &:C/ B/& B/ *:?;(#?;!/?E*,-B/&7
/!/ 2(;?;?/ &!,-!??!:? " */ !:
*/ !:) /
//!: D!:&!!/ " E!*- ./&!-;
;;! *! B/?!:;B(? E:B. */ !: :C/ !:;H!)
(!*? ;*/ ;*! !: /( E*! D1:7 ( !/ ;(1/ */ !: 1:B;E(- ,!*/! :B!/ B/) /! :B!/ &!&!/C!:
//!:/ */ !:
/&!/ !; :C/ B/&;.1/*?1:; !: ?!: !/ / * ?!/ HB #*/ !/ ;*/ 7
*/ !:(!*? ;*/ 7 / D!:E!*;? &!:/! B#
;??-*(!/ 2: !:/, # EB: !/ AI3A *! (!1:*!/
1;!4( (B.4!?!:; E!//
HE!* D1/ :!* /?!:/!(.!/ */ !B?;() ;*! H!*&!/ E*-- ;; /?!:/!(.!:?B. ?:)
-/ D1/
//!:/ &!&:C/ !? /B: +! !; & & ,0&
"+& *?*1/!-- -; .//-*(! 1./! D!:;?/)
! %% ##'" #+0,"0,'"
&#$ 4'& +& 1-
0"+#& #! 1 )+"0,*
" $!!
)! &"!
$ *)" !
$ &
! ( !! $
"$"
'! !
$!
$! .
!'&"! 25(5
,C:H-*( *(:! B(2:!: E!-(! /?!:/!() *! )?B *!7 !;(- ;1 *! /(!-*!) ;(E/&!: E: ;*! E(:!/ !*/!: *//)
.!:*//!/ ;*! !// ,!//!/ EC: !/7 8 &!/ ! (-B;;#1-&!:B/& D*!-! :B!/ D!:) H*!:B/&;:B/ !7 !*?E!*-*& ;?*--?! ;*! *(:!
E: !:;? .- B(! *. -9 ;&? 1-,.//7 .!*/?-*( HB&B/;?!/ !: .*-*! :B# */ !: *. C:1 :!*?!?! 1#? !/ ; B/
/ EC/;(? ;*( 8.!(: :C/ !:*//!/ -; D!:H*(?!/ !*/! 1#? &B?! !! */ !*/ ?:&#) D1/ HB B;! B;7 *(?*& ;!* /?C:-*( &!)
1--!/D1:*- !:97 (*&!; !;(#?;.1 !-- B.HB.C/H!/7 E!;!/ ;; B( *(:
// .*?&!;4*!-? ()
/?!:/!(.!:*//!/ E*! /*,! D1/ ) 1/ &!:/ B/ !*' (!/ /*(? /B: ! !: ;!-;? /?!:/!(.!: *;?7 8!: -;
&!:/ B/ ?(:*/ !*' D1/ B;!/ ,*/ D1:&!.(? E*! ./ !:#1-&:!*( !*/ ?:?) /?!:/!(.!:*//!/ ,2//!/ E*: B/; !!/
HB. !*;4*!- *! C!:H!B&? ;*/ ;; ;*( B4 &:C/ !? ;1/ !:/ B( E*! ;*( .*-*! *! :!*?;H!*?!/ B( D*!- #:!*!: !*/?!*-!/
/?!:/!(.!:?B. &B? .*? :*D?-!!/ B/ B/ /?!:/!(.!:?B. */ */,-/& :*/&!/ -; */ !*/!: !;?/;?!--B/&79
.*-*! D!:*/ !/ -;;?7 ; *;? D*!-!/ -;;!/7
B;? -; *! !* !/ *(:!
1; -; /) *!;! -!F**-*?? *;? #C: D*!-! :C/ !:*/)
:C/ !:*//!/ E*(?*& ;? 0I :1H!/? ?!:/!(.!/;!:?!:*//!/ !*
*/;!G /!/ !*/ H!/?:-!;
1?*D B. ;*( ;!-;?)
;*/ /*(? !:!*? !. !;(#? &!&!/C!: ,C/ *&?!/ B. HB &:C/ !/ EB: ! !*' ;?/ *& HB .(!/ " -B? )?B *! !/?)
!. :*D?-!!/ :*1:*?? !*/HB:B.!/ ;1 HB. !:;?!/
-
B??!:7 ; HE!*?!
- ;(!* !/ !: -; !*/! &B?! !;(#?;* !!7
#+0,"0,'" ##'" ! %%
GijþËĭËijƚŷäŁģþ
ĉ / 9: -:
// 9 * *. 19$ - */ 9 */ 9? */7 :&< <9:: 5 ( . :* B2(/-*(5 9? / 9?( / *. (/*<< -$
/< 9/ (. /:&9@/?/& . *:< & E* -< -/& / 9 .?9& 9 ?/ :B (9)/*)
1/< ?. ?9(E?:<9< / B* 9 $)
. (9 9
9,< /( */ 9 -?,9<*A / *) A 9:*<< @ 9 * - C**-*:* 9?/& 9 9) 9@/?/&:.1/*<19 - &< "
// 9 /?9
:( :?( / ?/ :*( // $@9 / ( *) *<:B -< & $19:(< (<< &9@/ < :* 3000 (<5 * )<?* :< --< :1&9 $ :< ::
' :< / 9 / 1 9 * & B*//9*/& /:< : /< 9/ (. / 91+ ,<B 9, */
1) 9 9@/?/& 1$< 6 */ /<B*,-?/&:491E ::
2&-*(, *< /<:( * / /<B*, -/ 9?) ?/ 91+ ,<29: $@9 9 * 9?$- 9 " 6B *- A1/ . (9 9 /
(9 / A19?:& (<7 *: 9@/)
/ *(9 :($<:* 1$< ?: */ . *& ) *( /*(< / 9 (- . */ 9 */ 9 :1/) 9*// / / *<4?/,< $@9 & ,1.. / (-)
/ / @9$/*: ( 9?: " <B B *- :* */ *() 9/ / . */ 9 *:<?/& & . :: / B 9 / < /5 * ?: /,*/)9@/ 9*// / A1/
9 . --<& */ 91- . /< ,< ( / B1--< 7 :&< <9:: * : -:<
?<< 9 & ) & 9/ ?/ *' <B (< / ,/44 */)
: :* -2: / B1-- /5 B19 / B9 ,?9E A19 . <9< */ * */(-
(9 @ 9 *(9 :($<:* /(
*:< -?$< : :1 B* * < -- < 9: ?/ -:<:</*&, *<5 *: :* :* */ /&9*$$ /(. /5
+ */& 9<5 * * / ( / */ .) 9 -- 9*/&: E1& :*( (*/ <9:: E2)
?9& (/?44,91. & &9@/ < " B: ?$ & 9< .1/< -/&5 (-* '-*( 9 - 9/<
-<< ?<:( :1 A* - ?< < B* :() :* .*< .//-*( / /A :<19 / E? A 9(/) * *:: /:($<- 9 .( / $@9 */ (2)
,9.5 < 9: ?/ */& 9< :< -- / 91E / -/ - &< *(9 :( * /( *< ?/ :*( ( 9 *:*,1A 9:*1/ ?/ B /*& 9 ?A 9)
1&?9< ( 9 ?/ A 9,?$ / *(/ " */ 4 ) */ *, : -- E?5 ?< -(< :* /?9 /1( :*(< -: *
// 9/ A 9/<B19<-*(5 1
E*-*<< ?:
1&(?9< ?/
*-( * */ 9@ 9 B // */ ?/ . - $1/ 9?4) E *&< 9 -1- /<9 49 / ?9:(*4
1/*<19
?<:(-/ /1( A 9&- *(:B *: ?/ ) 4*& / 6 99/ :($<:$@(9 97 A 9-/&<5 *:4* -:B *: :: * /&:< A19 .
,//< *:<5 < 9: ,. B(9 / *(9 : <?*) // <9:: (<< 9$1-& B2-$
*<9 *) ( *< 9/ * 9? / ?<-*( :<9, 9 ?:)
?.: */ / ?$ / :(.,5 / < 9 :($<*&< <9:: */EB*:( / . (9 & 49&< *:<5
-: */& 9< < 9: */ B 19, :?(< -: 0F FFF
*<&-* 9 E(-< * -<<$19. 1/:</E ?(( *. , //< * : /&:<
:(-1:: / * * / : - , 9
*-() .*<<- 9B *- @ 9 * + /
1/< 9?/ (< :* .1/< -/& & :4@9<5 / :*( /
491?,< ?( */ ?<:(-/ /E?* < / " >FFF ?$<9& A 9.*<< -< B 9 /5 14$ E 991( / 1 :* / 49?/& */ *
:(1/ -- */ :(- B *- :* : -:< 91E / :: (9*:<*/ <9:: A19 . <9< *() -:<:</*&, *< B*9,-*( B& / :1-- )
1&?9< /*(< . (9 .*:: / B1--< /5 9 : /< 9/ (. /: E2& 9< *:< /*(< ?/& ) .-: -: :* /1( 9:1/-- *< 9*/ *
( < 9:8 @,, (9 :?(< / :* 9*A<) 49 :(*9< B9 */ . /< 9/ <)<9<?4
*/A :<19 / -: -& 9 ?/ 92$$/ < / *. : : */ - .*< . */*A*? -- / )
* >F3> */ 9:< : :($< */ . ?/) /,$3 *,-/, 0 9?, / A1/ )(*9<: A 9* /<5
/ 91E / 1&?9< E4$ / ?/ .*< */ 9 6*9 9? / & ( / /<?9& .' 9 -*:<*)
?:B(- ?: =F 9/* 9?/& / A 9: ( / $ % % +'% '++2 +'5 ,52,%& :( 9 9/
// 9 :*/ */ 9 & - .?<*)
,2// / " A1/ 9 9 9:1' @ 9 1/*& +2, 8+", ' 2-8)5 ,5;')*, & 9 ?/ :: 9 -:<A 9.9,< 97 :&<
?/ 9@(< *: E? <9 ?: -/5 B2-$
1/< 8, 8! , 2)5 2',", ;-**,1# ?(( *. 6%F
(9 ./E*4<*1/ ( -/
/( . <9< -* $ 9/ * * / ?' 9) 3%!53' ,5').20202025
*--*1/ /
(9 A1-?<*1/ /*(< ?:57
. 9?/ %F ?4 9.9,< */ 19 ?<:() B *
(9 A 9&*/& / *: :* /
?<
-/ / /E :< *& /5 -: /(:< / '52'52 $::< *(9 :($<:* ?.E?: <E /5 -:
(9*<< 4-/ / :* */ 9/(*: :D:< .5 6: 29,8,"3(%2 $' ),,$/2'! 9:1/-( $*/ *. 9:/(/- 9
*:< */ <1-- : $@(- : -:< /<:( * / E? 49 :(*9< (<< :* & . 9,< B* :(B 9
,2// / B: B*9 -: (:< : .( /7 :&< /< 9/ <)/< 9/ (. / / * 4:: / /
< -- < 9:5 6/: ,// /* ./ EB*/& / (,9$< ,1.. /5 >FF0 &9@/ < :*
E% !"1 "<=B"1 /,. =* "= ",1%* :,< =*BK"1 "=; =(B
< /0 E<2+
E= H," ",1 ./",1"= "E"< $ %F< 5+
<."B,1(*"% !"= <,//*"<=B"//"<= "+
1=+
F<("1 "<< "< H< !," ./",+ "< B"5*"1 :H"11 ("1BE<"1 0,B (<2)"<
1" /=B,.%,(E< ",1 (<2)"= ,(1/8
,B("+ ",!"1=*%B %F< != <2!E.B E1! !," "+
<*B *BB" !"0 "EB=*/1!+*"% !"= "<+<,//+"/B ", !"< *" =,1!8;
<,//*"<=B"//"<= ""< B"5*"1 != H"1,+ "EB" KH",
*<" 1* !"< "<(" !"=
(" "1B,0"B"< (<2)" ("/+<2B "0/B" +BB= ,=B ""< KE0
<.B%F*<"< E1B"<
5<,BK(E==B",/ !"< <,B,=*"1 5,"/K"E(="+ !"1 <,//1,"B"<1 E%("=B,"("1 E1! *B $
<," ,052 2J= !"< +<2%, <1. "*+ E* 0,B*,/%" G21 ,=*"< 55"/B= !""1
<"1!B8 "< ,=B 1,*B 1E< "=*%B=%F*<"< E1! <"=="<",B $ != "=*%B 0,B !"0
!"< ("1BE< ,=*"< 55"/B =21!"<1 E* <,//"1 !"EB/,* H",B"<"1BH,."/B ""<
/",!"1=*%B/,*"< ,052+00/"< KE ="BKB 1,*B 1E< E% =,05/"= F<=B*"1<EK+ *"2+ ", +!))$.! +&#
!"=="1 E0%1(<",*"< 2//".B,21 E* K"/1 "< G"<.E%B -"!"
"1(" E"*3< G21 +&. "$. " 1.++& $,
"=(B"= ("<%"E"< ("*3<B"8 ,<"+5,"+2/K=BF."1 %F<= E*"<<2+ #'%).&.,.+ +.+.+ ,"&+ 1&.
"*<"1!B *BB" != /=B,.%"E"<*"1 G2< 0 F"< 2)"1 E1! <,//F<=B"1 ,= *,1 KE
"<< E%("=B"//B E0 !11 0,B !"< <+ <,//+!".*E"18 1 !"1 E<="1 =",1"<
(K,1 "1BH,."/B HE<!" ,1 !"0 1,*B
="1BB,21 =",1"< !""1 KE "(,11"1 ,0 <,// !"0J 0,B "<1=B/BE1("1 ,1 4' 1E< !," 1"E"=B"1 2=B" E1! B".K1("1
05% E0 !"1 !"EB=*"1 +BB !"= !"EB=*"1 B!B"1 =2H," ,1 =",1"0 "=B+ =21!"<1 "=*,*B"1 <E1! E0= <,//"1 "<+
0"<,.1,=*"1 <%,1!"<= !"= E("/(<,//=8 ="//"< :""< <,// ,"/; G"<<B !"<
,BB"/+ K*/B H"<!"1 0,B !"1"1 !"1 "="<1 E=B
"*<"1!B= *"=" "< <,// ,=B != 1"E" =B1!/"< =",1"1 E1!"1 !," "=B"1 "K"5B" E%= <,//"1 ("0*B H"<!"1 =2//8 %%"1<
("<%"E"<8 0 !"1 G"<=00"/B 01 =,* %F< ",1 ("/E1("1"= <"E"8 0,B <%2/( =
(K,1 "<*,"/B G20 2<E0
0,B <"E1!"1 <"!"B ,==B ("1,")B $ E1! "0",1=0 ("(<,//B H,<! E* H"11 2<52<B" E/,=*,1( ("<!" !"1 2<52<+
*B ("0",1=0 ",1" (EB" ",B8 :0 !,"="1 ""< KE0 :// ("1J J; ",1/!B ", B" E/,=*,1( H<! ,1 2/!8
1=BK /",!"1=*%B/,* E1! F"<<+ !"0 !," +<2%,= 0,B !"1 1!"<"1 ("1+
=*"1! !<KE=B"//"1 *BB" ,* != ("<+ BE<"1 H," !"1 "<"<1 !"1 521=2<,1(+
%"E"< E= 0",1"< ,/!H"=B+,(E<"1+ "I5"<B"1 E1! !"<
"!,("1BE< KE=0+ :""1 <1*"1.205"B"1K <"B,G,BB
00/E1( 0,B("<*B; =(B "*<"1!B8 0"1.200"1 E1! H",B"<" "<0<.E1(=+ E1! !"< "B<"EE1( !E<* 9E/,%,K,"<B"=
," !"" KF1!"B" !"< E1!" %F*/B" =,* ,!""1 E=*"."18 "E"=B"= <%2/(=5<2-".B "<=21/ =,1! E* G/,!" 2=B"15/1E1(
G"<=B1!"1 $ E1! "*<"1!B *BB" !"1 BB = :""< <,//
(K,1; ", !"0 E= E1! ,1*/BE1( G21 E!("B= ",1 E/,BB=+
1 1! ("K2("18 !"0 %<F*"<"1 <2!E.B.B/2( ",1 ,%"=BJ/"+ ,1!,.B2< %F< 5<2%"==,21"//" +("1BE<"1;
=(B
<."B,1(01("< /08
== "I.B !,"=" <,B"<,"1 !"1 E=+
=*/( (""1 H"11 !"EB=*" 1B"<+
1"*0"1 ",1"1 +BB KE G"<(""1 *+
"1 "=BB,(B E* ",1" 0%<(" !"=
8 = 1=B,BEB %F<
1("0"1B+ E1!
,<B=*%B=%2<=*E1( *B ,0
E%B<( !"< ,<B=*%B=+
2*" "EB=*/1!=
"=B" +("1BE<"1
("=E*B $ "<0,BB"/B
1,*B F"< !=
E*("%F*/ ",1"<
H,//.F</,* KE=00"1("="BKB"1
E<J8 1("2B" ",1 "G2< =," ",1"1 +E%B<(
21!"<1 1*1! !"= "I5/,K,B"1 E1! G2< G"<(""18 *% # * '/4
//"0 <"/"G1B"1 <B",/= !"<"< !," %F< !,"+ E* E0 !," 2=B"1 "=="< ,1 !"1 <,%% $ !&.1+& &.+& %&
2+ ,'&+, #'%).&. $.&
=" ,"1=B/",=B"< "/! E=(""1 $ !"< "+ KE ".200"1 C& <2K"1B !"< "%<(B"1
E%B<("1!"1 1B"<1"*0"18 021,"<"1 !== !"< %,11K,"//" *0"1 ",+ \ijþ Z\đþËijƚƷŷËij ZŷŁǜËijƚ
&4' (<2)" E1! 0,BB"/=B1!,=*" 1B"<+ 1"= +,1=BK"= 1,*B 5/1< ,=B -"!"= & &3$2 //)6 !
1"*0"1 KH,=*"1 %F1%
,//,21"1 E1! ",+ %F1%B" 1B"<1"*0"1 */B ,*1 ("1"<"// %F<
1 $,)= 2&+3 2,9/ !4
1"<
,//,<!" E<2 0=BK HE<!"1 E1B"< KE *2* 2!"< .11 !," ("1BE<<"*1E1+
1!"<"0 ("%<(B H"/*" ("1BE<"1 =," ("1 1,*B 1*G2//K,"*"18 0
6$9* ),+ !8
."11"1 %F< <"1200,"<B */B"1 0 *E+ ," ("==BK" "B<("1 ", <B1"<1 E1! )*+ 8
%,(=B"1 "E%B<("1 $ 1,*B KE/"BKB H"11 "= "=*%B=%F*<"<1 KH,=*"1 D'LL E1! CLLL 2 $+<&( 8
"=21!"<= .1,%%/,(" ,BEB,21"1 KE /3="1 E<2 %F< ",1"1 "1,2<"<B"< H"<!"1 DLLL - &+( 9$3 9)& )6&,+3 88
(,/B8 1! E% H"/*" 1%2<!"<E1("1 =," ", ,= CLLL E<2 %//,( %F< *HE*=.<%B" , 923,+ 236))2 8.
!"< E%B<(=G"<(" "=21!"<"= E("1+ ,00"<*,1 12* KH,=*"1 @LL E1! 4LLL E+ (6+(,+6,2 8.
0"<. /"("18 <28 4& <2K"1B !"< E1!"1 .311"1 /EB 0+ $ &))
+,<)6,+ 8>
%<(" BB" E=*1!"/1 KH", <2K"1B ",
2;&/)+ 8>
",1"0 "<B<(=G2/E0"1 G21 D&L LLL E<2
," <("1,==" !"< E=%F*</,*"1 1B"<=E+ G,"< <2K"1B ", &LL LLL 2!"< =,""1 <2K"1B && (,**0/33&,+ .4
*E1( @' <2K"1B !"< "%<(B"1 1B"<1"*+ ", ",1"<
,//,21 E<2
*<"=E0=BK8 &1 $69+" .
0"1 /"("1 ", !"< "E%B<(E1( G21 + ("1BE<"1 !," BB= =2/*"< <3)"12<!+ )&3$*+ &))2 .
("1BE<"1 "<B E% <1*"1.205"B"1K 1E1("1 ("H,11"1 H2//"1 <E*"1 //"<+ & 2",
,**9+&(6&,+ .!
",1"1 !,<".B"1 <*B KE0 "B<"E"1!"1 !,1(= 5%,%%,(" !""1 $ "BH E0 1"E" & (6,27 .7
("1BE<0,B<",B"< E1! 1*H",=<" <+ ,"/(<E55"1 KE "<=*/,")"1 2/%(1( &- </2 .8
%*<E1( 6=,"*" "//"78 *"%"< *"% !"= "B<1."5<2!EK"1B"1 &,
&2$$, ,+39)6 ..
,=*"<+55"/B+*"% "*<"1!B E1! =",1 *,1("1 ",/+ E1!
,1"</<E11"1
<&3 ..
"0 "<%F//B"1 !,"="= <2%,/ E= ,*B !"< "BH /2B !," 1B"<1"B+2*=*2H= !,"
E%B<((""< !"<K",B 2%%"1< 0 "=B"1 B/," EB <B1"<,1 !"< +("1BE< &$ + .>
("%2/(B G21 !"< +5<B" !"< "<"("1+ "B*E0 /"21 ,1 <1.%E<B "1BH,."/B 2)&+ 922 .>
BE< *2/K <,"1!= E1! !"< 21.E<<"1K *B E0 -E1(" "EB" E1! ,1="=21!"<" ,$+33+ 1
263$*2 .>
G21 "B*E0 /"21 !," KE< "<"+ /2(("< E% !=
,1"</H=="< E%0"<.+ & ,+/6 .>
("1BE< ("*3<B 6=,"*" "//"78 =0 KE 0*"1 !," E% *"0"1 <E1! E0= </ &) 26+2 .>
," 0%<(" K",(B //"<!,1(= E* !== =="1 =5"K,/,=,"<B =,1!8 "*= !,"="< /2(+ E"//"
1=B,BEB %F<
1("0"1B+ E1!
!," E/,BB !"< +"<BE1( E1B"<*/ ("< .2*B"1 "BH ,0 G"<(1("1"1 2G"0+ ,<B=*%B=%2<=*E1(> ,<B=*%B=2*"
!"< "=B"1 <=* 1*/==B8 "("/0),( "< 0,B !"1 +2*+ !2/"1
BB*,= EB
<("<1 =,* 1B"<1"*0"1 ", ,*<"1 + E1! B/," ,021= "<,*B" 1* "K"5+
,"1=B/",=B"<1 F"< 1,*B ",1("/3=B" "<+ B"1 E= !"0 BB/,*+*,1("1+2*+
%"'/#4 +/// * / #/#
=5<"*"1 %"*/"1!"= E1!"1G"<=B1!1,= E* :BF</,* "=="< .2*"1;8 ?&L ="<
, &.+& %& & )+',,"'&$$&
01("/1!" E/,BB E1! 2%B H"*="/1!" (E.B"1 5"< ,G"+B<"0 KE E1! B<E("1 ,*+ !&.1+& , .6&
"<B"< !," 1,*B ="/B"1 =*/"*B F"< !," <" ,1!<F." 5"< H,BB"< ,1 !," "/B8
2+$+(,*/6+= Ǝõ ţ
"!.B,21"1 ,1%2<0,"<B =,1! !"1"1 =,"
1%2<0B,21"1 F"< ,*<"1 E%B<((""<
,*/6+6 6299+" õÓ ţ
=*0.*%B 0*"1 =2//"18 := =,1! 2%B <1. "*<"1!B 0*B =,* =*21 *"EB"
/0/" 1<E%"; =(B 2B*< 2/." "!1."1 !<F"< H," "< !," <,//=,=21
$<&32 2$29+" &+
õƎ ţ
<2%"==2< %F< 1B"<1"*0"1=.200E1,.+ ,0 .200"1!"1
*< %F< =",1"1 E1!"1 ;2")&$2+ 2,'(6+
B,21 1 !"< **2*=*E/"
,1K :!," ""< B"5*"1 ,1 K"1" ="BK"1 .11 $ 96
,+6(6 =92 233 õõ ţ
E% !"< 1!"<"1 ",B" /= E1+ H"11 K",B(/",* ,0 %/",=*%%,+
5<2%"==,21"// H*<("1200"1 1"1 <=,/,"1 !," E)//H"/B+ 9*)&$
$ 3
H"<!"1 E1! E10,BB"/< E% 0",=B"<=*%B =BBB%,1!"B8 == "+69236+,263 =9* ƭŋ ţ
962""2
!= 0(" !"= E%B<((""<= "< %F< !,"=" 21=B"//B,21 "+
%<"18; =21!"<= "1B%/00B *B E* 2+=+ ŋÓ ţ
," 2/(" E< -"!"= !<,BB" ",1"1 5"<=31/,*"1 <E1!
1B"<1"*0"1 H,// E* .F1%B,( ",/ =",1 B"< !0/= /= "*+
,*/6+=
&+ %
*/"++ ŋƇ ţ
0,B =",1"< ,=*"<,("1 ("1BE< <"< 1 !"< "EB=*"1 *E/" ,1
KE=00"1<",B"1 4& <2K"1B ,2 <",B"B" /"B" "*<"1!B ,1 :+36&" 2&3 ŋƟ ţ
!,"=" !"%,1,B,G ,1 !"1 1*=B"1 ËŷƚËŷ§Č˧Ġ =",1"<
E("1! =,""1
*<" ,1
KH3/%
21B"1 E=H"*="/1 !"< <=,/,1,=*"1
"B<252/"8 2,)"3$+"&" 2":69+" Óţ
1*!"0 =," =,* G2<*"< E=+ +<)6 "+692+ :F< 0,*; =(B "*<"1!B
262 & &$2 &+36"2-# 2 "+692 ŋ ţ
(,",( ,0
<.B E0("="*"1 *+ :H,<! !"< 1"E" E%B<( ",1
962""2 3&
"1 #4 <2K"1B !"< 1B"<1"*+ <26+0 ",0=5,"/8 ; 9)) +36&696 :2 +"*+6% 9+
&263$63,23$9+"
0"1 *2/"1 0"*<"<" "<(/",*=+ $1"*.'.%&&4"4'*
#
FN7E >,D" I."1"3 >5+0D.53>"3 "05>!".33,2"3; ." I."1
"1! !." 13? G? .,>"3 "D".1.*G3*"3 M.","3 G3! I">1.">"3 J." ?." D>.0>"., "J.33"
D>3"3 G3! J." !." G??,HDDG3*?8">?8"0D.I"3 !"> EN K-53M">3" ?.3!;
"33 ?., -D>.>, ">- ?,"-0"D? "3D?8>.,D; 5, !." G?- D5?.88" ,DD" '.33M."11 !? .3?*"?2D "?-
!.33! .#, /" H"> ".3 ?,HDDG3* I">?,''D" !"> 588"1'2.1." ?">" >",252"3D !."
-G8D".*"3-
>H,/,> *"'>"GD ,D !33 !." 36D.*" G>50>'D .2 "33"3 G2 !"3 DH2"> G3!D;
?.,"> H"> !? *">!" I">- .D"1 "GD?,13!? .I.!"3!"3063.*; ." G8530.?">
">0 G3!D G3!
*3*"3"; ." 5>?," G- "33 I53 !"2 "1!?"*"3 13!"D"3 & .3- .#,-5>?," ?.3! 2.D .,>"3 "05>!">*"-
D525.1 51!.3* 9: *"333D" 3I"?D- 01G?.I" !"> I53 3 ".3" 3!">" 2.1.- 3.??"3 .3 *GD"> "?"11?,'D; GD ".3"> DG-
2"3D*"?"11?,'D !"> 2.1."3 5>?," G3! "3-"?"11?,'D *"M,1D"3 "1!"> & .3 !"3 !." !"? 31"*">?,GDMI">3!"?
.#, ?,''D" 'H> !? "?,'D?/,> FN7F G?">3 5>?," G3! .#, *"?,DMD" EN7 ?,HDD"3 !." 0388 ANN G3D">?G,D"3 6>-
".3 "?2D">*"3.? 3, D"G">3 I53 A %
.11.53"3 G>5; ? G>5D I53 J".D">"3 ?"335D.">D"3 3D">3",2"3 3, !"> 0DG-
.11.>!"3 G>5; 2.D 0533D" !"> GD5- '?D !>".
.11.53"3 G>5 'H> !." -G'- "11"3 G8DI">?221G3*??.?53 EB A
.1-
13 3.,D 3G> !." ,5,"3 ,G1!"3 G? !"> ?.,D?>D?>".D I53 ">!.33! .#, 3"?D 1.>!"3 G>5 G?; ? J>"3 ( ) >5M"3D
I">?G,D"3 ">3,2" !"? -53M">3? ">J3!D"3 .301G?.I" DD.3 >?G1 '11D ! 2",> 1? .2 5>/,> G3! !"> MJ".D,6,?D"
.2
,> FNN4 D.1*"3; ? 1.""3 ?5*> 35, 0G2 35, .3? "J.,D; ." .2 ">*1"., ">D 11"> ".D"3; <." G22" 1." 0388
F B
.11.>!"3 G>5 '1H??.*"
.DD"1 H>.*; MG2 5>/,> .3?*"?2D '?D MJ".".3,1'- G3D"> !"2 "05>!/,> FNN%= ?*D DG!."3-
G+">!"2 0533D" !." 1MG>*"> .88" ," GJ"3!G3* 2,D !?
5D5>"3-"- GD5> >. >$>" >5'"??5> 3 !"> 8>.ID"3
!"2 2.>D D> !"3 .2 >.?"3/,> FNN4 ?,1",D !"2 !." ,G1!"3 ". 35, ">3G3.I">?.DD
;
I">0G'D"3 3D".1 I53 M",3 >5M"3D !"> FN77 ".3" G??,HDDG3*??D.3"3M G'-
-D220D."3 J."!"> ,3!"13; K- MJ3*"3 MG2 J,>?,".31., MJ".D*>6+-
8">D"3 ?,DM"3 !?? !." .#,? G3! !." D"3 !"GD?," .I.!"3!"3"28'3*">; ." -DG!." ">'??D '>".1., 3G> ".3"3
5>?,"? .? MG MJ".
.11.>!"3 G>5 3 !." ? ".3M.* ,2">M1.," .#, G3! ?".- ".1 !"? >"3D1"3 "*"3? G' !"GD?," 3-
,".,? H">J".?"3 2G??D"3 G2 J."!"> 3" .""3 H">,51D"3 MJ> !." 2.1." I"?D5>"3; ? >5? 2".!"D 2"1!"8'1.,D.*"
">> .2 ".*"3"3 G? MG J">!"3;
">0 !." F4(
.11.53"3 G>5 I52 *1".,- 3D".1" 3 *"1.?D"D"3 3D">3",2"3 G3!
",>">"
.11.>!"3 'H> H3!"3 !"> ">- 32.*"3 >2?D!D"> ,>2>."?"3 0?- "I5>MG*D .?0>"D.53 J." !." .*"3DH2">
*3*"3,".D !? ,DD" I."1" 3!">" 3I"?D5- ?.">D"; 5, G?*">",3"D ".3" 3!">" G- I53 3!"1?>."?"3 J." 1!. 5!"> .!1; ."
>"3 H">'5>!">D; .,D /"!5, !." *>6+D" ".!"3 .?5G3D"> I">D".1"3 ?"1?D *"-
!"GD?,?8>,.*" -L3?D."; ?,DMD /"J".1? *GD BF
.11.>!"3 G>5 2-
$"
)MfM`µ Z2fk\ AA2HƕZƕfM2` /`¶ Z Z/MfMƕ/Mƕ\Mv
?? !." D.22G3* 2 2.1."3?.DM .3 ?DM ?5 *"?,.0D G' 2",>">" GDM"3! 01".-
1MG>* ,".D"> 1." J." ".3
"3G"DD !"? 3" "?"11?,'D"3 !?? G, >3,"3"K-
wĒË ſĒ§Č ¼ĒË ĒǎĒ¼Ëij¼ËijǜČģƷijþËij ſËĒƚ
">H,2D"?D"3 5,3? !"> D!D 51'*3* ƭǠǠõ ËijƚǏĒ§ĠËģƚ ČËij ŠĒij Gŷ¼Ť ƷŷŁš 8">D"3 !"3 "J.33 G3! ">?D >",D !." G?-
2!"G?
5M>D 1* G?*">",3"D 3 ".- & ?,HDDG3* 3 !." 2.1."3 0G2 ?,DM"3
3"> *>5+MH*.*"3 ">J".?G3* G? !"> 0633"3 9?."," ?D"3 ".D" AA:;
1",?D!D 51'?G>*; "> 510?J*"3- "& "> G, J"> ?".3"
.11.53"3 3 !."
053M">3 "?,.0D" !? 53D5 I53 >5+0- 6>?" D>*D .3I"?D.">D 2".?D 3.,D G3D">
D.53> .2 3?,1G?? 3 !." G8DI">- #& ".*"3"2 2"3 ?53!">3 1.""> 353L2
?221G3* .2 8>.1 8'1.,D*"2+ 2.D *GD H"> 53!?@ 5!"> "> 80D MG> .,">,".D
".3"> ,1"3
.11.>!" G>5 3 .I.!"3!"; & 35, "DJ? MJ.?,"3 ?".3 >.ID053D5 G3!
J> I">1??D !"> G"> !"> GJ"3- ?".3 3I"?D2"3D "DJ ".3" 8>.ID" 5!">
&
!G3* ".3 J"3.* J".1 ?." 3G> ".3">
*">- & &
& & & & & # " ".3" *"2".33HDM.*" D.'DG3* !." ?., I5>-
>"3!.D" I53 *">!" 21 MJ". >5M"3D G' $%!!$ !!
$! 3",2 2.1L ''."? 3"33"3; "033D"
! $
!"3 0DG"11"3 6>?"3J">D !"? .#,-5>- 2"3 ?.3! "DJ !."
5? 51!.3* !">
2/+#%+ !3!%%"(%!
#9 "-#:#:
+9 "-# +5+:=#2 @::+A==@2)#2 @& :#-2#2 42=#2 B#9@+=#
&/,& %& ),& * "&& %& &/,& %& ),& * "&& %&
)"'+ 0,'* )"' 0,'*
%"$"& ',- 0& " &,- (0/&) 05) %"$" 0 - 0- /,� ($ ) 1
%"$" ,#
," ,$-// (,$) 1& ,"," !"$ $% ,&, !&0 , // (%#) 10
/& 0&/
(0/&) #/&% (/ # 0%%) 1-1
03" ,#$ #,$%/ (0) 11
' && 0&/
(0/&) 1) %"$" "4/ 4/ ( %-/# -/0%) )&
0-&& $//&
(0/&) (,"-/&) #/% ($ ) 1 %"$" ,%$ ,$# (
- %%0) )
%"$" "%&& " // %" -, (&%-0$) &/5 (,1$ &-$/ ") 1)1 %"$" /'/%"-/, /& (0) )
$0-!" $ 1 & 1%+# (& -/ ") )& %"$" #, ", $ ($ ) )-
%"$" '- & ( %-/# -/0%) ,,5 ##0/ (&%-0$) ), %"$"
$, #, %# %, (0/&60# ,,) )
%"$" "%&- $%- (%&#& ) )& %"$"&
& 0& '$
0% %, (
- %%0) )
"&5 ,%&& "$ &--#& (,",) %&,, ,$- (0/&60# ,,) )5 $0-!/, 0$&0, 2%/ $ (
%) )
%"$" &#$ %"# (&%-0$) )05 1&/ ,
""&, ,$# (
- %%0) )0
--' $//&, (&/3,) )50 %"$" ,'&-, ,&%- (
- %%0) )0
," (,"&, 0& %"$" 4# ', %, (
%) & %"$"
0/5 $%" /&% (/ # 0%%) ))
%"$" "$%&& #$%% (%#) ) $0/
0/&- $,
( %%6 %-/# -/,) )5
$0- - ", (&/3,) , %"$"
//' 0/- 0,&-&' ( $$& # %) )5
%"$" 1,/ 1,/ ,0'' (,0%%#) , %"$" 1,, 1,, (
- %%0) )5
"/, &$ #$ ($ ) -5 , , , ,,5 , (%#) &
"/%, '(( (&/3,) %"$" '// ,/ &$'0,&0' (&/3,) &
%"$" %"/!0/ &#
/,& (%#) ) %"$" '--$' &--#& (,",)
%+ '$& 0+ " $ ,5 ,-&, (&%-0$) & (%#) ,"& "# /# (&/3,) ,
"," "-/, / &%# (,&"1%0) ) %"$" #, ", 0-&% (
- %%0) ,
1&/, ,5 ,$* #&5 (
, / $* ,2 ) ' %& (-/0,%/-) 0 %"$" '- &- (0/&60# ,,) ,
"5 ' & 0& %"$" ,/#-$%% (,#) 0 &,- ,1, #/ &$ (%#) ,
%"$" 2'& "&# ( %-/# -/0%) 0-/& (/ # 0%%) 00 %"$" 0&/0$ ", 0-&% (
- %%0) -
%"$"
//' "- "%
/,& (%#) 01 "&, "&, #/ &$ (%#) -
$( '%%,%0/ % / %/,%/ ( %/,%/) 1- %"$" %/- # $/-" (&/3,) -
=FCC2*)CLF0' F$ >+> H!=3$$!0C.+)C!= C+//=!)C! F>'!I+!>!0!= C+$CF0'>0C!+.! C!+.I!+>! F/'!=!)0!C?
F!..! 0C!=0!)/!0>0'!0 F0 !>0L!+'!= !+'!0! !=!)0F0'!0
6?8$8?G6> !*/+/+'
#/% +' #/ :E+404)#
@1+@#9 9@1= #-
#9/
'!'!0 $.2>> $G= +! +'0!=$/+.+! "#: B#9:=49#2#2 0"-,49",9A2"#9:
=20>! != !+0 +!=C!. /!)= +H+* +#4 09#+= ##2&00: -:4@2=#98 -#
!0 ! .> +/ 2=,)=8 !.>C5* +4+ -+9# #915)#2 #D/= @:&00#2 %
.!
.!=-30+'
F0')!+0=+) 5-C! !0 @2" C#0+# #=9)# 00.+90-+ +-2F@,
/+.+!0 0'! F0 2.$ L!)0
=2L!0C /!)= !. F$> 20C28
/411#2 %! -:= -2"#: #+#9 0@#2:&9,
)# 0: 05:9# 0#-+@2)8 #22 ":
'!'!0 -200C! -!= !F>20 7-=F#2=9-4 #-2= #-2 2) F@9 )#:+&=0-,
F> !/ !>)$C /+C ''!=0 +#2 #9:+C-#)#2+#-=8 :: /#-2#9 "#9
F
F0 =!>>.F$C)//!=0 0F= 'FC -:4@2=#9 2 "#9 59:# 24=-#9= @2" ",
&&M =2L!0C != 2=,)=!>F>* 1-= #9-+=:7&0-+=-) -:=! B#9:=#+= :-+
>)GC
>)GCCF0' $G= +! /+.+!0 -!= F0 B42 :#0:=8 4+ @+ "-# -1 @2"#:,
2>)
2>) !!0-!. 2 != 2=>)!8 > =2> !F0C!F$!. F>)!!08 2F#-)#9 B#95&=0-+#2 =#2 0::#2
>+0 +>-=!C!
+CC!.>C0 .!= I+! !+0L !=* F0 !+0! 0 H2.. != +/ 2=,)= !=* 00#2&00: 19-::# "#9 #915)#2::=9@/,
/00 )+!.! !/ >!+0! 0C!+.! / !=* $2.'=!+)>C!0 F520>)0!+ != '+0' >2'= =@9#2 #9+2#28 #2"-=#/52-) 0"- A"
-!)=>C!)0+-!= 2>>.2) F0 !/ FC2LF* .!!= F>8 +)C 0F= +! 'FC AMM
+C'.+! != /1 ?G66 #- 6>
-00-9"#2 @94 1,
.+!$!=!= 02== =!/>! '!>)CLC! 4%M
+.* >C=-! F)='!+!C> K0>C+! 0+!. !=.!C! :=F @& #-2# 49:=#@#99#2"-=# B42 (!>
.+20!0 F=2 !+0'!=)C )!0 G=$C!08 0) !+0!= !=C!=+)C+'F0' H20 'FC !+0!= 94F#2=! 1-=+-2 #-2 0@: B42 9@2" ';G
F0 +! .$C! H20 +)0!0 ->>+!=C!
+..+= ! F=2 F$ !0 LF C!F!= '!-F$C!0
-00-42#2 @948 -# >' #)-420)#:#00,
>5G== /!)= .> +/ 2=,)= >2 +! $$!!* 0C!+. 0 != 2)C!=
!C=2 !+0! $+00L+!..! :+&=#2 B42 0"- 49" #9F-#0=#2 "#9C#-0
>+55!
2> F> +)=!0 0H!>C/!0C> / F.. +C # !=>C/.> +0 =+! !0>L!+C!0 G=+* /277 6G
-00-9"#2 @94 1:=F @2"
20>F/'+'0C!0 ==K ..!FC >2I+! '!0>8 +.> 0>!0 !-/ H20 >!+0!= #-2# 49:=#@#99#2"-=# B42 ?!? 94F#2=!
/ !+C=!+C!= !2? >2 F) 2'+>C+-* )!/+! !!0>2 -!+0 !. I+! +! /+.+! 0:4 ??G
-00-42#2 @948
.!'!0 ! .F>*
+)!. G)0! F> >!+0!/ =!-! H20 +)=!= 2F'.> 2. +0' !=!0
G)0!9'!.*0C!+.8 != /+.+! !+/00 :0 !. /+C !=L F0 !=>C0 ; 6+'!0*
H!=>)$$C! +)= 0C!+. / FCL/+CC!.5=+/F> I!=F0'7 !+ !0 =$G/!=+!0 !0 )* -# B-#0 B42 "#1 #0":#)#2 0#=F=0-+ -2
!-+CC !0-+>!= 6'=2C0 F-+ !0C7 .+*F))0 .F0'!0 F0 !0 F>>!.*G(* "#2 ::#2 "#9 -)2#9 02"#=! -:= B500-)
.+CL>F!=! 4@"
+..+20!0 +! >+! 02) I=!0 +CC!=! ED&
+..+20!0 !=.F>C I=$8 4& @10 114-0-#2#9=9)# "-# 79-,
F$>C2-C! F=) +! -055 AMM
+..+20!0 B=#2 -02F#2 #9+#0-+ @&7#77#2
F=2 F> !/ 3=>!0'0' +)=!> =$G/=+!* "A9&=#28 #-0# "#: -0-02#=F#: #&-2"#2
>!0 2CK +/
F0+ # 0CG=.+) 0) !/ >+! 2) F) 2)0! )2)! +H+ !0 !0 /F>> +0 :-+ -1 9-B=#:-=F "#9 02:8 -# 2,
!/ !=0!)/!0 0) +! F$C+'! +H+ !0* != !'!. -!+0! +'!0CG/!=$/+.+! =!08 =#92#+1#2 A#9C#-:#2 "&A9
-#=# 2
! !> 2=,)=!> H20 D&
+..+20!0 F=2 0C!=0!)/!0 I+! +! G=0!='!= +!).* -+9# -)#2=A1#98 B42 "A9&=# @+
->>+!=C )CC!8 +0!0 '=2(!0 5=F0' >)$$* =F55! /3'!0 !>)I3=!0 +)=! 'FC DM
@0=-1-00-9"9 +C9F 794&-=-#9#28 #9
!
C! LF !/ I2). +!C!= )0!. /+C >!+0!0
+..+20!0 F=2 !I+00 F> !/ F H20 #99 A#9 -"0 @2" @&02" += FC9
+!!0 !=!0 )!/+!-20L!=0 !./ F$ .F'L!F'!+0=+)CF0'!0 !>20 !=> I+ !=* B49
+9#2 :#-2#9 )#1#-22A=F-)#2 -#,
!+0!0 !-2= '!I+00 H20 $>C EMM
+..+2* >C0 >$)+'!0 2).>C0'!0 2 != !0-I$* =#9 +C9F =-&=@2) 33!3 94F#2= "#9
0!0 F=2 /+C '!>)CLC!0 %"
+..+20!0 F* $!0 5=-C+>) -2/5.!CC +/ 0C!=0!)/!0 #:+&=:2=#-0# A#9:+9-##28 @,
=2 F>>)GCCF0' =!'+!=C! # $>C 255!.C >2 LF .>>!08 :!= 0CG=.+) $.+!(!0 F) +/ )0#-+ =@+#2 -1 2"#0:9#)-:=#9 #9
H+!. I+! +/ 2=,)=8
+CC!.>C0 F>>)GCCF0'!0; >'C +=C* 114-0-#2)#:#00:+&=#2 @&! "-# :-+
FC !+0!/ =+CC!. != F5!=-C+20=! >)$C>5=G$!= FCL
!K!= H20 !.2+CC!8 +! "#9 1-0-# F@9#+2#2 0::#28
.+! $=!+.+) I!'!0 != >)I)!=!0 20* 3)! 2=+!0C+!=! >+) /!+>C / -CF!..!0 +#29E/8+-#0:+#9C-C48"#
,F0-CF= 2 != 0+!=F0'>/(0)/!0 +/ ! =$ != 0C!+.>!+'0!=8
!*/+/+' 6?8$8?G6>
0"1 3!"= "=D"=I"=D=(" J," >," !"= 1+ 1=" !," .DG"//" ,I,!"1!"1>,>31 ("1,"+
/,1"+",%"1*1!/"= "/D,30 ,0 I3=,("1 )"19 "11 ", !"1 0",>D"1 1D"=1"*0"1
*= 0,D !"= =H%"=
003,/,"1 F 0 >,"*D "> MG= *=">*/%D" 1,*D 1* 1"G"1
!"> (=4)D"1 .D,31=> G1! G%>,*D>=D>+ "$ & ( ".3=!"=("1,>>"1 G> (=3)=D,(" ,I,+
*"%> 1!="> =H%"= I"=",1=D"9 !"1!"1>D",("=G1("1 "DJ ,0 K >,1!
DJ> !,>.="D"= ,>D !"= ">31!"=> ,0 .'(/,& ,) !">*/ .G0 MG "=J=D"1 7>,"*" >D"1
1!"/ H/,*" "( "G!" G> !"0 ="*D>89 G !"1 G>1*0"1 M*/"1 !," ANN
">,DM !"= ,("1DH0"= 1 !," ,=0 MG I"=+ &)+ ,&,$$" 1,"/>9
*1"1 *D 31M"=1*"% D"6*1
0,"D"1 3!"= !"0 1D"=1"*0"1 ="!,D" MG "0.3J ("=!" J,"!"= ",1" 3=!"1D/,*"
(""1 $ G1! !%H= ,1>"1 MG .>>,"="19 ," ,)) -++,&& G>>*HDDG1( I"=>6=3*"19
!> ("*D M",(D "GD>*/1!> (=4)D"= "=.+ <F$#/+$<91/4/.1<$==I/I59#$" 4#<$= #6<4($2#$<
7E9&9EM7D "(+) +)'
!
F3 G$<<= -$4#! /$
F=C$<14$4
#/$=$< /=L/82/4 (/4#$4 =/ - /4C$<4C/542
-# E@3112)#@ HA 3002" -#I00 -A 2+ @H2AIEE#0 #@AE@#/E 7A-#, 2#H# E@31E@AA#2 #E#-0-)#29 1-E 14),
/311#2 "#@N#-E J-#0 +#@H1 -2 "#@ +# @&-/ @#+EA8< 0-+AE J-#0# I@)#@ 20#-+#2 N#-+2#2! A30,
23@""#HEA+#2 @3J-2N9 2 "-#A#1 -+E NH0#ENE K300#2 #22#E,#A+&EA, 0#2 "-#A# #-2# -2"#AEAEI/#0H2) J32 2H@
32E) &-2"#2 A-+ I+@H2)A/@&E# "#A &I+@#@
#L @E12 H2" A#-2# 300#)#2 5OOO H@3 +#29
1 #)#2NH) J#@A6@#,
#EN#E@#-#@A #22#E -2 @"-2) #-2! H& -+@#@
2"6@E-# @36)2" 1+#2 +#2 "-# #E@#-#@ =1@/E)#@#+E# #2"-,
#-2#1 @/E&0#/#2 1-E G'OO ##0#2 -2 &I@ #-2 #@E66-#@! "A "#@N#-E /H1 .#, E#2> -A NH &I2& @3N#2E 6@3 +@9 =-# I@,
3@"&@-#A02"9
1 #@K0EH2)A)#H"# 12" +#2 K-00 % "-# 2#H# 20#-+#! "-# )#@"-J-"#2"# /22 "1-E NH #-2#1 +-0&@#-,
"#A 1E#A -"#@AE#"E AE#+#2 A-# #A3@)E#2 "A 2E#@2#+1#2 "#2 2K3+2#@2 "#@ )#, +#2
2AE@H1#2E #- "#@ 1A#ENH2) "#@
I@)#@2 J32 $ -A 5G9FO +@ #"# H2" 2E, 602E#2 E@31HE3+2 2-#E#E9 -# #, 2#@)-#K#2"# K#@"#2>! #+H6E#2 #)-#,
K3@E9 )A "@H& )#+E #A K#-E#@ 2+ #-, A322N -AE -A02) A+K+9 32 "#2 @H2) H2" E@31/32N#@2# -2 -+@#1 /,
"#! "#1 #2E@H1 "#@ #+#10-)#2 H#@2, 5BO OOO HA+0E#2! "-# #22#E -1 H2- 2, 6H2/E#66-#@9
@#6H0-/ -E+1@A+#29 -# H2"@#-A# #2, )#A+@-##2 +E! &3@"#@E#2 -A02) )#@"# +0#HE#2 /@HA#02 A-+ 2)#A-+EA "-#,
"#E 1 322#@AE) -2 "#@ #1#-2"# @, #-210 GOOO
2&3@1E-32A1E#@-0 2 % )#, A#A #A+KH@#0A "-# /#2+@#9 -#
2# -2 "#@ I"#@1@A+! K#2-)# -031#E#@ /H&E +E "#2 E@3132" 3&A-+E0-+ A3 2K3+2#@ K#@"#2 /#-2#AK#)A #-2# =-J-,
#2E&#@2E J31 AE-00)#0#)E#2 E31/@&EK#@/ )HE K-# 2-#12"9 "#2"#> #@+0E#2! K-# "-#A #- "#@ HA)#
@H2AIEE#09 J32 /E-#2 "#@ 00 K@#9 #602E -AE J-#0,
-# @)#2! "-# "-# #22#E,2)#@ #,
1#+@ "-# 1-AA-32 J32 20#-+#2 1-E &#AE#2
2EK3@E#2 1IAA#2! A-2" AE#EA "-#A#0#2 -# H1K3@#2#2
2J#AE3@#2 HA -E+1@, -2AAEN#29 #@"-#A /422#2 A-+ "-# I@,
3 )#2H K-@" "-# 5'O -031#E#@ 02)# A+#2 H2" 3@"&@-#A02" EH2 )HE "@2! "-# )#@ )@ 2-+E H21-EE#0@ 2 E@310#-EH2,
+
2#H# E@31E@AA# J#@0H! "-# "A 2-#, #-+2H2) NH J#@K#-)#@2 -# #2"-E# -AE )#2 #E#-0-)#29 -#01#+@ &-22N-#@#2 "-#
"#@02"-A+# 2E#@2#+1#2 #2E02) "#@ NH 2-#"@-)! "-# -A-/#2 A-2" NH +3+! J#@, 2K3+2#@ 1-E E@3132"A K-# #- #22#E
#AE/IAE# J32 +0#AK-), 30AE#-2 H#2 /H&E K#@"#2 /22 "-# 20#-+# K314)0-+ "A )#A1E# 2E#@2#+1#2! 3+2# -@)#2",
K-00< #&+@"#E 0#/E@3A13) "-# #AH2", 2H@ H2E#@ +3+#2 #@0HAE#29 #-2#2 -2&0HAA H& "-# #@K#2"H2) "#@
+#-E "#@ 2K3+2#@< 3@ 00#1 #@ -AE "#@ 32" % #-2# M, #0"#@ NH +#29 I@)#@6@3.#/E# A#+#2
#@"#2 "-# H10-#)#2"#2 3+2+HA#@ @-"20)# 1-E H2#AE-11E#@
H&N#-E % 2"#@A HA9
H2" H#@2+4&# 2 #@E J#@0-#@#2! K#22 +3+ /3160-N-#@E9 =I@ 0#-220#)#@ -AE "-#, #2"@#-2 A-2" "-# 32"-E-32#2 /#-2#A,
A-+ "-# F$O,-03J30E,
#-EH2) "#@#-2AE J32 A#A @3"H/E A+K#@ NH "H@+A+H#2>! K#)A A3 EE@/E-J! K-# "-#A H& "#2 #@AE#2
'/((/4'. "(+) +)&
0-/ A+#-2E9 #22#E J#@A6@-+E &I@ "A #@A, 2)#A-+EA "#@ H2I#@A#+@#2 -A-/#2
E# I@)#@66-#@ NK@ -2A#2 J32 &I2& @3, "#@ 20#-+# #K#@E#2 "-# E-2))#2EH@#2
N#2E9 3+ "-# K#@"#2 #@AE 2+ H#, ,"%% "#2 #22#E,32" N-#10-+ 1H9 33"M?A
)-22 )#N+0E % -2 "#@ K-A+#2N#-E )-E #A
0#"-)0-+ "@#- @3N#2E9 =-@" 1-E "#1 H #'%%% "%). ! J#@)-E "-# 3E# F! 0A3 "-# H2E#@AE# EH,
&# -2 "#@
2J#AE-E-32A/0AA#9 -# 20#-+#
"#@
#-EH2)! K-# )#602E! -1 +@ GO5' #,
)322#2! #E@)E "-# "H@+A+2-EE0-+# #2, $,%% )+,%+ K@# "#12+ )#@"# 23+ &I@ /32A#@JE-,
J#
2J#AE3@#2 NH #16&#+0#29 #- E2"@"
"-E# -A NH@ #@AE#2 I2"-)H2)A14)0-+/#-E
N#+2 +@# 2+ H#)-22 @H2" (!B @3,
-(% 33@?A 0HE#E "A E-2) #@ A+32
A+K+#@ 1-E 2H@ :9 1-E K-@" "#@
%%!" )& %&2 &)+
N#2E>! @#+2#E 20MAE @3+23K J3@9 32" #@#-EA 0A A6#/H0E-J #-2)#AEH&E9 3@,
3+ #A -AE /#-2#AK#)A A-+#@! "AA "-# A-+E-)# 20#)#@ A300E#2 "#A+0 0-##@ "-#
HE@H66A A+32 GO5' -2 30AE#-2 2@I, -2)#@ "J32 0AA#29
/#29 H2"#@E# J32 2K3+2#@2 K300#2 )#, E@-&&E! H1 A#-2# 20#)#@ J3@ H@AJ#@0HAE#2 -# E@H/EH@ "#@ I@)#@20#-+# H2" "A
)#2 "-# #AE/IAE#20#-EH2) /0)#29 A "I@&, NH A+IEN#29 0-+#@K#-A# A3@)#2 A3)#, NH #@K@E#2"# )#@-2)# 2"#0AJ30H1#2
E# 0A3 23+ J-#0# +@# "H#@2! -A "-# 222E# @/#E /#@ 3"#@ #A-)2E#" KI@"#2 #-)#2E0-+ #-2# "#HE0-+ +4+#@#
@AA# #2"0-+ )#2#+1-)E -AE % 2-+E NH0#ENE 632A3@A -1 H&E@) "#A 1-EE#2E#2 "&I@! #@N-2AH2) 0A #AE#2&00A (!B @3N#2E #-2,
"#A+0! K#-0 A-+ K3+0 2H@ "-# K#2-)AE#2 "AA "#@ 2"#0 -2 +KH2) 0#-E9 -# &3@"#@29 =-##2 @3N#2E 1IAAE# 12 @-,
0)#@ -+@# #+E# 1-E #0" /H 0A, A6@-2)#2 #-2! K#22 A-+ H& "#1 @/E JE20#)#@2 #-)#2E0-+ A+32 -#E#2>! A3 #-2
A#29 =1-E +2)E "-# )#A1E# #2"-E# "#@ /#-2 2"#@#@ H&#@ &-2"#E! "#@ 2)#3E#, 1 #@&+@#2 #E#-0-)E#@ L6#@E#! "#@ A#-,
I@)#@20#-+# J32 "#@
2)# "#@ #2#+, 2# #@E66-#@# I#@2#+1#2 K-009 22 2#2 1#2 2)#A-+EA "#@ 630-E-A+#2 @-,
1-)H2)A6+A# >! @H1E #22#E,#, /422#2 #@/H&#@ A-+#@ A#-2! "AA A-# #-, A2N "#A +#1A 0-##@ 2-+E )#"@H/E A#,
A+&EA&I+@#@ @E12 #-29 #@N4)#@E A-+ 2#2 +0K#)A 2)#1#AA#2#2 @#-A #, +#2 14+E#9
"#@ H#)-22 NH1 #-A6-#0 H1 NK#- +, /311#29 3+ A30+#
-;H-"-EEAA6#2"#@
@#! A-2/E "-# "H@+A+2-EE0-+# #2"-E# &I@ A-2" #- "#@ #22#E,20#-+# A+0-+E 2-+E
N#+2 +@# H& @H2" J-#@ @3N#2E9 J3@)#A#+#29 -E 622H2) #3+E#2 "-# I@-)#2
#@"-#A /22 "-# #@N-2AH2) "#@ 20#-, #@ H2E#@ "-#A#2 1AE2"#2 2-+E J#@, #EN#E@#-#@! 3 32/H@@#2E #22#E #-
+# J32 GO5$ 2 2#H &#AE)#0#)E K#@"#29 2" /H K-00 3"#@ /22! 1HAA K314)0-+ A#-2#1 -03E6@3.#/E #-2# )#K-A+E #,
= H#)-22 @H1E A-+ #22#E "A #K-) K@E#2! -A #@ A#-2 #0" NH@I/#, /311E9 =K@E#2>! 0HE#E "3@E "-# #J-A#9
#+E #-2! "-# -2AN+0H2)#2 NH AEH2"#2>! /311E9 I2"-)#2 /22 "#2 E@3132" =-A+#@ +#2 K-@ K#"#@ #-2 &#@E-)#A @3,
K@2E 20MAE @3+23K9 A A#- NK@ 2H@ #22#E A#0AE % H2" NK@ &@I+#AE#2A "H/E 23+ #-2 6AA#2"#A
#-EH2)AH6@3,
A+K#@ J3@AE#00@! "AA "A 2E#@2#+1#2 2+ N#+2 +@#29 #@ #-+2#@ -AE 0A3 .#/E! #- "#1 K-@ "-# I@)#@"-J-"#2"# #-2,
+-#@J32 #@H+ 1+#9 H*#@"#1 KI@, )2N H& "-# 2"# "#A 1-EE#2E#2 2)#, A#EN#2 /422E#2>! +#-*E #A #- 16@-32! "-#
"#2 #J#2EH#00 )#AEH2"#E# +0H2)#2 ##2, K-#A#2! KA H2)#K4+20-+ -AE9 E@310#-EH2)#2 -2 M#@2 H2" #AE,
&00A J#@N-2AE9 3+ "-# 20#)#@ A300E#2 "-#, #2"@#-2 1IAA#2 "-# 20#)#@ A-+ /0@, "#HEA+02" #E@#-E9 =-@ K#@"#2 #-2#
A#2 H2/E -1 H)# #+0E#29 #@ #-, 1+#2! "AA "#@ 32" 2+@2)-) -AE9 A30+# 20#-+# 1-E /0#-2#2 EI/#0H2)#2
A6-#0AK#-A# A#-2# #2E# 1-E "#2 J#@A6@3, =-# #-+2#@ AE#+#2 -2 "#@
-AE# "#@ 0H, H2" #-2#@ -#0N+0 J32
2J#AE3@#2 2H@ H&,
+#2#2 -2A#2 H&#AA#@2 K-00! /422E# K3, -)#@ K#-E +-2E#29
1 00 #-2#@
2A30J#2N 0#)#2! K#22 K-@ "-# #+@/3AE#2 H& "-#
14)0-+ .+@#02) 0##@ HA)#+#29 +EE#2 A-# 2H@ )#@-2)# +2#2! -+@ 6-E0 E@316@#-A# I#@K0N#2 /422#2>! +#-*E #A
K-#"#@NHA#+#2>! A3 I@)#2 H@N J32 "#@ #- @2A2#E HA "#2,I@EE#1#@)9
#HEA+#2 +HENJ#@#-2-)H2) &I@ #@E6, +20-+#A 0AAE 'O #@EN HA AE"#HEA+,
300#2 20#)#@ -+@# 32"A J#@H*#@2! K#-0 6-#@#A-EN9 02" J#@0HE#2 =-@ 1IAA#2 #@AE #-210
A-# #-A6-#0AK#-A# @)#0" #24E-)#2! 1IA, 6@I! 3 -2 H2A#@#@ #)-32 I#@+H6E
A#2 A-# H& 4A# #@@A+H2)#2 )#&AAE )#2I)#2" 2K3+2#@ #-2# &&-2-EE NH 2,
A#-29 -# #22#E,20#-+# A300 NK@ 2 "#2 % "+,% 0#-+#2 H2" +20-+#2
2J#AE1#2EA +#29>
4@A#2 J32 1H@) H2"
HL#1H@) )#, 2)#A-+EA "#A "#2/@ )#@-2)#2
2E#,
0-AE#E K#@"#2! K#22 "-# #-+2H2)A&@-AE ! %0 -)&$-)** %-#% )
@#AA#A -2 "#@ #J40/#@H2) #)-22E 2H2
0-* % *-"1*-
2"# H)HAE 0H&E9 #223+ "I@&E# #A H+ #22#E "-# 0))# #-2NHN-#+#29 =-#
A+K#@ A#-2! "-# 32"A NH #-2#1 &-@#2 I@)#@20#-+# -AE #-2 2#H#@ #)! H1 I#@
@#-A 03ANHK#@"#29 #0AE #22#E,3AA # #-2# &-22N-#00# #E#-0-)H2) &I@ 1#+@ #@,
@E12 @#+2#E "1-E! "AA "#@ @/E &I@
#! AE2"2-A &I@ "#2 E@312#ENHAH NH K#@,
A#-2#2 32" =H&)@H2" "#A 30H1#2A H2" #29 -# -AE #@ 2-+E "#@ #-2N-)# H2" H+
@E "#@
2J#AE3@#2 14)0-+#@K#-A# 2-+E 2-+E "#@ K-+E-)AE# #)>! A)E #A+&EA,
#A32"#@A 0-;H-"# A#-2 K-@">9 -# 3@"C
!
&I+@#@ @E129 =-#0 K-+E-)#@ 0A "-# @,
A+ENE! "AA #22#E #- "#2 20#)#@2 #!
)#! K-# #A 0H&E! -AE! KA K-@ HA "#1 -03E,
#!
0#"-)0-+ @H2" N#+2 -00-32#2 H@3 #-2,
6@3.#/E I@)#@20#-+# 0#@2#2 /422#29>
A11#02 K-@"9 #)#2 "#A )#@-2)#2 $ -E 2"#@#2 3@E#2 A #22#E,,
30H1#2A "I@&E# "-# 20#-+# A#+@ 2&00-) 2)#1#2E @#+2#E "1-E! "AA "#@ 2#H#
&I@ H@AA+K2/H2)#2 A#-29 "& 32" NH@ -22N-#@H2) J32 E@31E@AA#2
#
2E)#-AE#@E @#)-AE@-#@#2 20MAE#2! "AA #-2 &I@+E#@0-+#@ #-2&00 K-@"9
# #%
!
# !
#22#E 6@/E-A+ /#-2# 3@/#+@H2)#2 1%-) !*$%% #2!2&(
%..+% )
$3FLJ@'$ '5@#$@3 $.3$ @#.01$ 3*@F;
.$
3AF.FIF$ A511$3 $.3$@ L3*AK$@L1-
FI3* I3F$@L5@'$3 I3# .,@$ $@26*$3AL$@-
F$ K$@0I'F L$@#$3" ,$.+F $A #@.3; @A.-
$
.$ 03#1'.33O.$@$@ @$##.$ I3# 33.$ #$3F @ 0 2 A8@ , A. , $@AF K$@-
$ A.3# I'$@AF3#$3; 5*@ $#*$'53#A L.FF$@3 L.$#$@ $. ,; *3*$3$3 .FFL5 , $@3$IF *$3I #'J@
IA; 301@ .AF" 5 A51 , @#.01$ +3,-
2$3 2$,@,$.FA',.* L@$3" I3# $.3 3$I$A
$A$FO #J@'F$ 0I2 K5@ #$3 -L.A ,$3-
L,1$3 HP7) K$@A ,.$#$F L$@#$3;
I' /$#$3 11 $@ 3.22F #$@ @I 0 A$.-
F$3A #$@ 51.F.0 I' #.$ $.#$3 30$3 OI"
I3# $A .AF O.$21. , I3L,@A ,$.31. ," #AA
#$@$3 F22- I3# 5@OI*A0F.$3 .,@$3 0-
FI$11$3 ,5,$3 $@F L$@#$3 ,1F$3 0633$3;
3 #$@ 13*'@.AF.*$3 5FL$3#.*0$.F $.3$@
$IIA@. ,FI3* #$A *$A2F$3 - N85-
F,$0$32@0F$A $AF$,F 0I2 L$.'$1;
.$1 L,@A ,$.31. ,$@ 1A $.3$ .$#$@-
$1$I3* K53 33.$ 5#$@ @$##.$ .3 #$@
5@0@.A$3'5@2 $@A ,$.3F $.3$ N@.#16-
AI3* 'J@ #$3 - N85F,$0$32@0F" .3 #$2
#.$ -$*.$@I3* 3I@ 35 , $.3$ A$,@ $.3-
*$A ,@30F$ 511$ A8.$1F" $FL 1A @3F.$-
*$$@ 'J@ A ,L ,$ .30522$3;
@.KF$ 30$3 I3# $@A. ,$@I3*$3
L$@#$3 L.$#$@ 2$,@ @0F3F$.1$ *$L.3-
. ,F L$3.*$ M8$@F$3 @$.$3 A. , 'J,@I3* #$@ $.#$3 0F.$3 3 #$@ 6@A$ 3$3" $@ I , 2$,@ .A.05 F@*$3 2JAA$3;
K$@LI3#$@F #.$ I*$3! 33.$ $ L$FF$3; $33 A511F$3 #.$ N8530$3 *$- , 3A. ,F K.$1$@ 51.F.0$@ K$@'J*$3 8@.-
I3# @$##.$ " #.$ $.#$3 - AI3#$3" 0633F$3 A.$ #$3 31$*$@3 3 , .,- KF$ -30$3 I3# $@A. ,$@I3*$3 J$@
N85F,$0$3-.$A$3" #.$ HPP% .3A I*$ #$A @$@ $AF@I0FI@.$@I3* & .3 @$8@.KF.A.$@F$@ 2$,@ 1A *$3I* 8.F1 I3# 0633F$3 #.$
.33O0@.A$3AFI@2A *$@.$F$3 I3# 2.F F$I- 5@2 & ,31. , ,5,$ $L.33$ $A ,$@$3 511$ K53 33.$ I3# @$##.$ OI@ 5F I ,
$@*$1#$@3 .3 .11.@#$3,6,$ *$@$FF$F L$@- L.$ #$@ $@A. ,$@I3*A@.$A$
I3# 3#$- *3O J$@3$,2$3;
#$3 2IAAF$3" A.3# I' $.321 L.$#$@ F53- @$ M-8'$@ #$@ .33O0@.A$; 31$*$@ A511-
3*$$3# I' #$2 - N85F,$0$32@0F; F$3 A. , $@ 3. ,F 11OI 1$. ,F'$@F.* #$3
$2$.3A2 ,1F$3 A.$ 'AF #.$ 1'F$ #$@ $#*$'53#A 3A ,1.$+$3; .$ -51.F.0 .3$ 51*$ 'J@ IA$A.FO$@! N85F,$0$3
IAAF$,$3#$3 N85F,$0$3A ,I1#$3" @I3# L.@# 0I2 *$L.11F A$.3" #$3 $.#$3 AFF- LJ@#$3 #$IF1. , F$I@$@; @0 3#." ,$'-
O$,3 .11.53$3 511@; .@01. , $@AFI31. , 1. , 8@5F$*.$@F$3
3AF.FIF$3 /$21A L.$#$@ 605352 $. 55#N?A 31NF. A A ,FOF"
$@ .AF" #AA #.$ $.#$3 @.$A.*$3 I'.33- #.$ 1F$3 @$.,$.F$3 OI *$L,@$3; #AA $.3 3AF.$* #$@ .3A$3 'J@ #.$ $@AF01A-
O.$@$@ I3F$@ *$AF@''F$@ AFF1. ,$@ I'A. ,F .A HPP% 8@5'.F.$@F$3 #.$ $.#$3" #21A A.*$" GP-/,@.*$ N85F,$0 I2 P"( @5O$3F-
I3# *$AFJFOF #I@ , #A 3O.$,$3 #$@ - ,1AFF1. ,$3"
3AF.FIF$ 321. , #30 #$@ 8I30F$ #.$ 253F1. ,$ $1AFI3* #$A
225.1.$38@$.A$ L.$#$@ $L.33$ A ,@$.- .281.O.F$3 AFF1. ,$3 @3F.$3 'J@ .,@$ #I@ ,A ,3.FF1. ,$3 N85F,$0$3A ,I1#-
$3 & ,5,$ $L.33$; IAAF$,$3#$3 N85F,$0$3 K53 $AF26*1.- 3$@A I2 C( 511@ AF$.*$3 1.$+$;
,$3 53.FFA$L$@FI3*$3 & I3# '51*1. , .3 @$.3 8@.KF$A NAF$2 .AF *1$. ,L5,1
K53 L$FF$L$@AL.#@.* *J3AF.*$3 $'.33- I , I3L,@A ,$.31. ," #$33 @.KF08.-
,63 'J@ #$3 -F$I$@O,1$@! .$ #.$ @- O.$@I3*AO.3A$3B #.$A$ 3IFOF$3 A.$ L$.#1. ," F1 L.@#" L.$ .3 #$3 ,@$3 HPP% I3# HPP4
*$3.AA$ 'J@ #A OL$.F$ I@F1 HP7G O$.*$3 .,@$ @0F2 ,F I' #$2 *$A2F$3 - *$A ,$,$3" 5'F *$@#$ #33 IA #$2 N-
L$@#$3" ,$3 #.$ $.#$3 K53 #$3 7%C .1- N85F,$0$32@0F IAOII$3 I3# 8@.K- 85F,$0$32@0F *$O5*$3" L$33 IA$-
1.@#$3 511@ 3 AFF1. ,$3 $FFI3*A*$1- F$ 30$3 .22$@ L$.F$@ .3A A$.FA OI A.FO$@ $A 2 2$.AF$3 @I ,$3 LJ@#$3; .$
#$@3 IA #$2 ,@ HPP% $@$.FA L.$#$@ 7G7 #@3*$3" 3AFFF 3I@ $.30522$3AA ,L- .3A$3 'J@ I25- N85F,$0$3 $FL" $.-
.11.@#$3 511@ 1A .K.#$3#$3 3 #$3 ,$ ,I1#3$@ OI '.33O.$@$3" L.$ $A .,@ 3$2 #$2 8@.KF$3 @$#.F2@0F K5@$,1-
.A0IA OI@J 0*$O,1F; 1A #.$A 0J@O1. , I'F@* L@; F$3$3 $*2$3F" AF.$*$3 HPP% 'J@ 0I@O$ $.F
@I ,@ LI@#$" 1.$+ #A #$3 $@F #$@ .3-
3 I0I3'F L.@# #.$ -$*.$@I3* OI K$@- I' 2$,@ 1A 7"( @5O$3F8I30F$ J$@ #.$
OL.A ,$3 3I@ 35 , I+$@6@A1. , *$,3- ,.3#$@3 L.AA$3" #AA A. , 8@.KF$ 33.$- .3A$3 AFF1. , *@3F.$@F$@ N85F,$0$3;
#$1F$3 F220F.$3 K53 33.$ I3# @$#- I3# @$##.$-0F.53@$ #30 AFF1. ,$@ 5@21$@L$.A$ 1.$*F #$@ AF3# $. P"HP
#.$ I2 @I3# (PP @5O$3F .3 #.$ 6,$ A ,.$- @.K.1$*.$3 $@3$IF $@$. ,$@3 I3# #.$ F$I- @5O$3F8I30F$3; $.F #$@ @.A$ /$#5 ,
+$3B I , #$@ I@A #$@ 5@OI*A0F.$3 1$*F$ $@O,1$@ #.$ ,$@$3 I'01I$3 1AA$3" *13O$3 8@.KF$ @$#.F*$$@ 2 N85F,$-
I2 @I3# HPP @5O$3F OI; L$33 #$@ @@$3 L.$#$@ *$*$3 #.$ 3# 0$32@0F 5,3$,.3 #I@ , L$A$3,$.F;
$'$I$@F LI@#$ #.$A$@ I@AA8@I3* #I@ , *$',@$3 L.@#; L$. .3 #$3 1$FOF$3 5 ,$3 .$ J$@@A ,$3#$ $3F.1.FFAAF$.*$-
$.3.*$ $#*$'53#A" #.$ I' $.3$ .$#$@$.3- .2 -@12$3F $.3*$@ ,F$ $A$FO$A- @I3* $. 33.$ I3# @$##.$ ,F ,$'F.*$
&.''&- %+.,#.,*#
53F@5K$@A$3 J$@ #.$ I0I3'F #$@ #$@O$.F $$3$. $F@$.F #.$ @I88$ 3FJ@1. , A,.3*F53; $.3 3#$@$A AFFA3,$A 3F$@-
I3F$@ $.3$2 @$ ,F1. ,$3 53#$@AFFIA *$- I , .3F$3A.K$A
5N.3* .2 -53*@$AA; 3$,2$3 $F@.$ #.$ $A ,'F$ 2.F A5 '@*-
'J,@F$3 -.33O.3AF.FIF$ IA*$16AF; .3$ , 3A. ,F #.$A$@ 0F.53@$ A511F$3 #.$ LJ@#.*$3 .FF$13 L.$ #.$ $.#$3 N85F,$-
$.,$ K53
3K$AF5@$3" #@I3F$@ #$@ $#*$- K53 #$3
3AF.FIF$3 $@L.@FA ,'F$F$3 $- 0$3'.33O.$@$@ .3 #$@ $0#$ K5@ .,@$2
'53#A $@@N 8.F1 I3# #$@
3K$AF2$3F- L.33$ 3. ,F 2$,@ K52 -.A0IA $.3*$- 3F$@*3*; .$
3AF.FIF$ K$@F$.1F$3 I3#$@-
'53#A .@,512$" ,F #.$ 1F$3 5@OI*A0- AF@. ,$3 L$@#$3;
.$$@ A,$3 $A #.$
3- F$ .11.53$3 511@ 3 @F$.A8$3#$3 I3#
F.$3 K53 33.$ I3# @$##.$ HPP% I3# HPP4 K$AF5@$3" L$33 #.$ $L.33$ K53 @$##.$
5N.3*- 535@@$3 3 8@0F.A , 11$ I3#
.11.* $@L5@$3; I3 K$@AI ,F A.$" $.3$ .2 I3# 33.$ 'J@ #.$ $08.F1.A.$@I3* #$@ /$#$3 .3 #$@ -F@$$F" #$2 $00 11$@
5-
K$@*3*$3$3 I*IAF OL.A ,$3 @$##.$ $.#$3 30$3 $.3*$A$FOF LJ@#$3 & I3# N.AF$3 .3 A,.3*F53; .FF$ #$A K$@*3*$-
I3# 33.$ I3# #$@ $*.$@I3* 3 ,F@*- A5OIA*$3 #.$ ,5 ,*$A ,5AA$3$3 I+$@- 3$3 ,@O$,3FA LI@#$3 $.#$
3AF.FIF$ #$@
1. , *$F@5''$3$ $@$.3@I3* K5@ $@. ,F 6@A1. ,$3 I@A$ A5 $M 85AF 2.F L,@$3 .13O23.8I1F.53 J$@'J,@F; 3 L511F$
I2OIAF5+$3; $@F$3 I3F$@'JFF$@F LJ@#$3; #.$ $.*$3$3 $L.33O.$1$ $@@$. ,$3 I3#
A 01.3*F 81IA.$1" $@ 851.F.A ,$ #2.F #.$ 3*$@-53. 2M.2.$@$3;
$
@$.A$ .3 A,.3*F53 ,1F$3 $A 'J@ I3L,@- 30 #$@ A. ,$@I3* .,@$@ $@.3#-
3F$@ #.$A$@ $@$.3@I3* *.F $A A8$O.$11 A ,$.31. ," #AA #A 53O$8F I' 851.F.- 1. ,0$.F$3 #I@ , 9OI3 ,AF .281.O.F$" A$.F
8@.K.1$*.$@F$ 5@OI*A0F.$3" #.$ OI 7PP @5- #$@ $@AFF1. ,I3* $M81.O.F$: FFA*@3-
O$3F K52 FF *$,1F$3 L$@#$3 I3# 3- F.$3 0533F$3 A.$ $1# AF$FA OI 2.3.21$3"
A8@I , I' 7PP @5O$3F #$@ $L.33$ #$@
%+.,#.,*# &.''.1&-
%&
*-% - *
"& "%
/*+ "%
,1"#< *%B#1 %F< ,*<# /B#<1 $
#< 1,*B 0,B "#0 ,(#1*#,09
<H*=#1# ,1"#< 0F==#1
,*<#
003,/,# 1,*B *#<1K,#+
*#1! E0 "= /B#16%/#(#*#,0
"#< /B#<1 KE #K*/#19 #, "#<
#<#*1E1( "#= #<04(#1=
"#< ,1"#<! 1*1" "#==#1 "#<
/B#<1E1B#<*/B %#=B(#=#BKB H,<"!
/#,#1 E=#< "#< ,1"#< :E1+
#<F.=,*B,(B;! H#,/ =,# "#<#1
#,(#1#< /B#<=G3<=3<(# ",#1B#1!
#1B=*,#" "#< E1"#=(#<,*B=+
*3% 7 !
D?2@5D89 ,#
EBB#< "#= /(#<= /#B ,0
#,09 ,*<# #1B# 1,*B
<#,*B! K*/B# "= 3K,/0B "#<
/.31
'%%*2"- "+- $#'&2"-) 2.3#$>E$ #.$
.$E$ H2 'I3' >5N$3E; ?5>*E$ $?.EN$> K511E$ #$3 53- 92E?*$>. ,E
I3 ,$3" GB7
& * *"-- "&+ *" / *- H $ ,E" H>E$.1E$3 #.$ . ,E$>; ,>$ 3$3? ,HEN >$EE$3; H2 ,EE$ $> G4)77COA:;
!
" C "
2. '&$"#-& .& 2.% *" -) $K$.?H'3,2$ ,EE$ $>*$$3" ?$.3$3 58' H? #$> 1053EI>
#?? H' #$3 $E>$''$3#$3 1053$3 *$?E$ 0E" >.?? .,2 #$> EH>2 ?$.3 $+ .+) .3$
I3 ,3$>
.$E$-
'
0&&) $2 $K5,3$> E*1. , >H3# GO .*>>$3 H3# ?EI3#- 5H8$E ; .$ 5?E$3 'I> #.$ J$>- >.3 25 ,E$ 0$.3$ H*1H'E; H'
$.3$> 2H>*$> ,- 1. , .> NK$. .*>$EE$3 *$>H ,E '15*$3$ >8> ,E $>,.$1E $> J53 .,>$2 1053 .22$> 21 K.$#$>
*$? ,5??K5,3H3* ?E30 $? KH>#$3; .*35?$ #$>
H>.?E$3! .3$ ?$.3$> H?>EJ$>?. ,$>H3* 3. ,E #$> .3# K$,E$" 1.$+ ?.$ >.3*?
*$K1E.*! .$
.$E$> .3 #$3 <$>,$1. , *$2.3#$>E$ $>H ,?- $>?$ENE; <>5 ',>1??.*= $'3# ,$>H2 1?K3#$ 3>.3*$3; $>
5,3H3*$3 H3E$> .,2 8''E$3 H' EH*1. ,0$.E= #$>
.$E? ,$ 93#- H , #.$
H?E.N #.$ $EEH3*?0E.53 $>2.$E$> K> $286>E; ? NH-
.,>$3 1053$3" K? #? $H* *$>. ,E 2H>*" F77 4GC7O:; 2.E 3. ,E $'$?E.*E$2 >E$.1 ?E3#.*$
.$E*$>. ,E 5>#3$E$ #.$
,.$1E; 53 25>*$3? .? $3#? N5- $?$.E.*H3* #$> $>01$.#H3* 3;
*$3 #.$ H12? ,K#$3 .3 ?$.3$ '.(-) 1? GOO% #$> EH>2 M>.11 $>E>* ?$. $>E>*" $'3# #$>
,*H$@ 3 I'E$3 K> 0H2 I$> $HE? ,13# N5*" 15 0$>E$ #$> . ,E$> & *1$. ," 5 #? HK$>0
NH #$30$3; .3$? *$? ,EE$ #$> ?E>0$ .3# .3 M$>3 #.$ 1053- ?.33J511 ?$. 5#$> 3. ,E 92E?*$-
. ,E>H ,$> #.$ ?$ J511; > 2>0.?$ $.3$> 5,3H3*; $> $- >. ,E
I3 ,$3" )AG A(GAC7G:;
*(<8 .<-*("8
?7 B"/*&" /-"&"7 0$$"/7 ,"*/" 7"/D"/6 (
,"//"/ !*"
"88-<)
*-) ?/! "-"$0/?8B"7<?/&"/
<"/ /( !"/"/ 8*( "7&*< 8*( $0-&"/!"8 *-! A0.
B"-<B"*< !*" 7"*8" 0.3-0<< @7(<"<"/ /,"7
A0/ *//D370!?,<"/ 7*(<"/6 !88 ?/!"/ "*/ $@7 !*" /,
0( B"/*&"7 B*88"/ B*" 8*" ?/&@/8<*&"8 ?8(&"8($< D?
$?/,<*0/*"7"/6 /! "!"/,-*( "*/". "8<*..<"/ 7"*8 "*/&")
*8< !88 ?( !*" ?$8*(<8") ("/ B"7!"/ 4B3<*0/5 ("/
(17!"/ A0/ /<"7"88"/,0/$-*,)
<"/ "* !"7 7"*8$"8<8<"--?/&
0--"&"/ @"7 80 A*"-"
B38 &"(/!"-< *8 !"7 7"*8
"?7" "7$-*"&"7
B*(<*&"7 /!*D"8 *.."7 B*"!"7 !*" 1(" "77"*(<" "* !". !*" "C@;)"
""0F":@" ;+0! "+0" ":$2.':"+)" 0.'"8
@"778(< B"7!"/6 3<*0/ !"8 ?/!"/ B"7<-08 A"7) "+/ +0;@+"' +;@ !":I"+@ ": 2:;+)@ 0'";'@8
( !". ,/!- ?.
/*) $*"-6 "8 */ !". "8($< ?.
3?-<*0/"/ . /<"7/,"/D*/8 <<8(-*( &"(/!"-<" 7"*8" ": .C'I"C'C": !": !"; 2+.$C0-":; 2!$20"<
*07 ,0.."/ +"<D< /"?" 07) &"(< "!"?<"<" !8 !88 !*" ;+) E20 BJ4& 0 0) ;"+0"/ ;@":)":;@"..":
F+:! +0
B@7$" (0(6 /-"&"7 A"7!/,"/ /,"7 &70'" ?.."/ "*/8"<) C5@5:2!C-@ +:C; 0"00"0 !"0 *
20I":0 +0@"':+":@
!8 &"8($<8<@(<*&"/ )/) D"/ .?88<"/ ?/! (0(" *8*,"/ F+:! !D:$@" !0- .")$@": 0.H@+;) +;@ !+" -@+" IC @"C":8
B-<"/6 *" $078("/ /( *) "*/&*/&"/6 *" 80 "77"*(<"/ )
"C";@"..C0'"0 +0 !+";"/ ; +;@ C) !;
":05:2*
//D*/8<7?."/<"/ "* !"/"/ B"*(?/&"/ B"7!"/ "* A*"-) ): /"): .; 4BJJ ;)+0"0 ."/ !"; G8 "+0" 0@":*
"<B8 8(*"$-?$< A"7"*/"/ /-") -"*(< -33*8("/ E EE>% 70) E":-C$"0< +/ E":'0'"0"0 ): 0")/"0 !D:$@"0 IF: !+"
&"7 */ .."-,-&"/ ?/! 8<7"*) D"/<3?/,<"/ A"7.?<"<6 "&"/ F:"0 "; 14&8 "): 02) ": "F+00" +0 !+";"/ ): 6+/
("/ "* 7$0-& "*/ *"7<"- !"8 !"8 7*"8*&"/
7,<"8 .(<"/ D-IC' C; !"/ D;@C0';'"* "'"0;@I IC !"0 G*0@":*
(!"/8"78<D"8 "*/6
"<D< !*" /,"7 0$$"/7 <70<D!". ;)$@ -300@" !"0 C0'".+"@"0 0")/"07 ."+)@ ":)3)"0< !+"
("/ 8*" 8*( !8 ".?8("- "B*//"6 8*( . $*C /) ;@@.+)"0 +0$.C;; E"::+0'":0 "F+00"F":@C0' 6
7 +;@
"*. $*C A07&"/0.."/6 8 !"7" *//D*/8<7?."/<" ?/! /) C0! +@@". $:"+ /)"0 IC/ ": /+@ 4= % +/ ":'."+) IC
*8< !*"
"88-<<" *. &*&/<*8("/ -"*("/)"?".*88*0/"/ 07*"/<*") C;C !";
":0'";)$@;8 !"0 G*0@":0")/"0 6
=9E)*--*0/"/)0--7)
7,< !"7 7"/ ,// ?( .*<<"/<"/ "*/ *-@+"0 ;+0! "+0 ;+;+0* 4B B7 IC )2)8 ;; "; $D: !+"
*/88B386 B38 8*/! ?8() (!"/ "/<8</!"/ 8"*/ B"// E";@/"0@ C0! .; 25*-@+" +/
""0F":@" "+0"0 )."0 :2*
&"8($<" DB*8("/ /,"/ ?/! !"7"/ */8 D? (0( $*C*"7< B?7!"6 G !": F+)@+';@" 2@2: +/ I"0@5C0-@ F"0+'": +E+!"0!"
/<"7/"(."/ 0!"7 /-"&"7/6 !"C@;)"0
""0F":@"+0!"G8 '+@ ;)/.":@ IC!"/ +):"
"<?8(< B"7!"/ (7?/&8)
": -00 "+0"0 ;2.)"0 0* "$"0;+E9C.+@@"08
37" <70. &"&"/ 0(-" 0!"7 ?7 B"// !*" "7&"("/ ,@/$<*& @:+" 'C@ '":C)"08 "00 0* ": G +;@ "+0 +0@":";;0*
""/ "* /-"*("/307<$0-*08 $@7 /,"7 7*(<*& <"?"7 B"7!"/ !":" )F":'"F+)@" +/ 0!"G @": -@+"0/:-@8 "00 ;+) !":
-/&$7*8<*&" &"&"/ ,?7D$7*8<*&" ?/! ?( 7*A<A"7.1&"/ "<70$) ;+0! 0 +):"
C:;':"0I"0 '"* 0!"G "@F; '"-D).@ )@ 6"@F
+"
20I"0@:@+20 C$ C@* ;@I !D:$@" !/+@ E20 & > :2*
5$."'"5:2!C-@" !;
+E"*0* I"0@ 6BJ447 D": = % :2I"0@
'"2@ "+/ +;2C0@": .!+ 6BJ4B7 C$ :C0! 1 J :2I"0@ -."@*
!": C;C !"; ";)$@; +0 @":08 D: "+":;!2:$*-@+"0 +;@
!"0 )F".."0.0!":0 ;2F+" !": 0;@+"' !": :'"0 F+)@+'8
!+" 0I+")"0!"0 0!C;@:+"* : I"+'@ !;; !": E2: 'C@ "+0"/
C/;@I" !":
.";@2$$;5:@" ): "+0'"."+@"@"
20I":0*
"; !D:$@"0 "+":;!2:$ +0 !+"* C/C :D)@" @:'@ C0! "+*
;"/ ): > & +..+:!"0 C:2 ":;!2:$ C;;+)@ C$ ;@+.";
";/@C/;@I ";)":"08 );@C/ +"@"@8 ": -"0
; F:"0 ;"); :2I"0@ +@ "+0"/
C:;*"F+00*":*
/"): .; +/ 2:,): !": !:+@@" ).@0+; E20 $;@ AJ +;@ "+":;!2:$
0;@+"' +0 2.'"8 ": "+0'"*
F+00 ."'@" +/ +;)":+'"0 )*
!+" @"C":;@" -@+" +/ G8 0!
;2 'C@ !;; !+"
C:;" ,"@I@ 02)
?$"78</!"/ ?8 ?*/
:";E":.C$ ;2': 02) ;@:-": F"+@": ;@"+'"0 ;+0! !+" +;)":+* )F".."0/:-@" ;)F)".08 -@+"0/:-@" ;@+.":
IC8 +"
"@@2:"0!+@" E2/ /* '"0 )."0 C) F+"!": 0+)@8 0!C;@:+";@@"0 ;+0! !'"'"0 !+" 0"C"0 E2:+@"08
2) -00 !": @)+.0!+;)" '":8 2: .."/ !": /":+-0+;)"
-@+"0/:-@ E2/ 20C; !"; -@+"0/:-@ :D-@ E2: F"+. ":
2)* 2)*/ 4 !)* 3
$% 42 #) / $% 4)/ F);@C/;;@:-"0 )F".* E20 /"):":"0 2:@"+."0 5:2$+*
$ ' % )/ ."0.0!"; I"):"08 ": ;):$" @+":@ +" C;;+)@"0 $D: !+"
" "
) 15"0 15" 15" $&%
@ 0"01 .. ("
D-;).' +/ -C:I$:+;@+'"0 +:@;)$@ 6:C0! IF"+ :2I"0@
/ ! !
:"+*20@;*":'."+) 6;+")" );@C/ +0 !+";"/ ):7 C0!
&5 55 .! (0, " 01 ", "+ + ","
".." C0@"07 ": !"C@"@ !+" 0@":0")/"0;'"F+00"
((&*B "", C; (0+ "1 "00" 5 0+ !:C$ )+0 !;; !+" );* 65.C; ;+""0 :2I"0@ +/
,15 :! (+5 "" 0 @C/;;@2:H C0;+)":": F+:!8 %JJ7 ;+0! 0+)@ ;).")@< !+"
A4 +15 ;! (0" ,, ,0 " +1 ""5 1" //":)+0 +; BJ4% ;2.. "+0 "F":@C0' +;@ 0+)@ D":I2'"0
&45,4 ,+05 "; ("1 10 1, 1 ", ,5 "5 :+";+'";
20,C0-@C:5:2* 6
BJ4A C/ 4%7< !": 2..: '+.@
9 +", . ("5 +0 "5 , ", 0 ':// 6C/'":")0"@ =& +.* F+"!": IC0")/"0! .; ;+)":":
,))4B*' +,, 3.". 151 5 5, +" .+:!"0 2..: $D: 0$:;@:C-* $"0 +0 -:+@+;)"0 "+@"0< C0!
,*9&**9( ""5 ." (0 "50" ""1 "5 10 "," " @C:7 !+" +:@;)$@ F+"!": C$ !IC '+@ "; "+0"
2@"00- !+"
&)(4 1" 3.7 (05 0, "5 + 0 5,
C:; :+0'"08 !"0 C$F:@;@:"0! ;+)":.+)
<95$ *' 00 ;: (005 0 , + 0 ,0 11" D: 0E";@2:"0 F":!"0 -.;* 0+)@ !C:) "+0" :!+-." +0;*
<95$ -45 ,+ 3;: (0," 0, ", "0 "5 + "0 ;+;)" :-@" +//": F+)@+* F"0!" FD:'"0 F+:!8
<95$ ,59 1",5 3." (5 " " " 1, "" 01
<95$ (',) + 3!" (0 5, 5+1 " 0 0 +"
2 "1"+ !! 011 "1 "0" 1 01 5 ?78"/<B*,-?/& !"7 B*(<*&8<"/ */<"7/<*0/-"/ ,<*"/.7,<"
45*&<5
22 9 "5 3.7 ", 0, 00 "0 " 1 "0 ſËĒƚ ſËĒƚ ſËĒƚ ſËĒƚ ſËĒƚ ſËĒƚ
45*&<5 , " .C ("50 1 , " 1" "" "55 ¼ŷËĒ ËĒijËĭ ¼ŷËĒ ¼ŷËĒ ËĒijËĭ ¼ŷËĒ
GŁijƚËij =Čŷ =ČŷËij GŁijƚËij =Čŷ =ČŷËij
&(4# )*9 9 +5, .C ("1 0, + "1 "5 , 51
*'( B +,+0 3;; (1" 50 1 "+ 05 0 "1 ÜŋƎ¶Ǡ ŨŋƇ¶õ )-(. &! Üé¶ƭ ÜƎ¶Ɵ )11
* &*,* , 3;. (15+ 51" 55 "+ + , "+1 ŨƎ¶Ǡ Ũƭõ¶ŋ ) "$!! Üƭ¶ĸ Ũƭé¶õ 6
3 "+ !! + 11 "0 0 ", + ! ŨƇ¶õ Ũõŋ¶õ )1 &! ÜƭǠ¶Ǝ ŨƎ¶é
*@55 5 :: 100 15 0 "5 0 +, 115 ') ÜǠ¶é Ũƭĸ¶Ƈ )2 Ũŋ¶é ŨŋƎ¶ƭ
&* "1+5 ;. ("0 0, 0 " 1, "
( ÜƇ¶Ɵ Ũé¶Ǝ )26 ÜƟ¶ĸ Ũĸ¶ƭ &
< 9$*5 "0 !+ (,5 "1 "" , ,0 %$" Ũõ¶Ǡ ŨƭÓ¶ĸ )2-
%"" Üé¶Ɵ ÜƟ¶Ƈ (21
4' "15+5 !. (" , "" "0 + 55 "" !!$ Ũŋ¶Ǡ ŨŋƎ¶ƭ )2. Ũƭ¶Ɵ ŨƟĸ¶Ó (
=*$*4 ='>2 "0, " (1"" ", ", 1 +,1 +
Üõ¶ŋ Ũƭƭ¶õ )( $ ŨǠ¶ĸ ŨƭÓ¶Ƈ (-
9 1"05 !6 0,5 0" 0"0 + "0 5 0
!! Ũõ¶ĸ ŨƟƭ¶Ɵ )(-- !$% ÜƎ¶é ŨƟÓ¶ƭ 2(2
,"5 3C! (, 00+ 0+ " , " ",
%! ÜƇ¶ƭ ŨƎ¶Ǡ )(1 Üŋõ¶Ǝ Üŋ¶ŋ 2
&)*5 0" .! ("10 1 +"0 "1 +0 1 0,"
%"$! ÜŋƎ¶ƭ ÜǠ¶ŋ )&1 !" ÜƭǠ¶é Üŋõ¶ĸ 11.
$A55*4<// ",+" C! (, 5, "" "
,('5?#* B2 ""+ .. (11 1"05 11 + 1 5 ", Üŋ¶õ Ũõ¶Ǝ )- ! ÜƟ¶ŋ ŨõƟ¶Ǝ .2
%"
%
%
#
+0 :2I"0@ C0! +0 2..: @+)@' A48 C.+ BJ4A< C".." .2. :2! :-"@ 0!+";
7 "
=D/D =D// =D/= =D/< D D, =D/D // /= /<
H+!.! !C<+!! -300C! = !+0! I< +=C !< /=CL 0) I+!
>459;-00(>45 1'+ >4-2 /#D9/="
>459;-00(>45 1'+ >4-2 =#DD9=D#D
0!F! !<=+20 != .2CC!0*
=D/<9=D/# ,97,
H2< =)I) # !< !<)3)C! =+)
=D/<9=D/# /889/<8
/0'!/!0C= I!< !08 '@'++4+'; 1'+ 4-C+;2 8= +/ !<'.!+) LF/ 2<,)<!=* '@'++4+'; 1'+ 4-C+;2 /8
/ -.==+=)!0 !</+!C'!* %+
).,)< F/ EE <2L!0C F$ %+
=)$C = $G< +JC <F0 ?M '5'(- &?%
+..+20!0 F<2 # 2) .* '5'(-
<2L!0C !< /=CL! F0 "M
'4'$ -% .! !'/!0C! .+!$!<0 0F0 I+!*
'4'$ -%
<2L!0C !< 2<=C!F!<'!I+0* !< !I+00 8 = <'!0+=
-4C>$5(;'6 >)) ;; >)) ;;
0! !+0<+0'C +=C +! I+)C+'=C! H2< C!F!<0 F0 +0=!0 6+C7
',(,($ -;22;B-:
"&' .!
(7 (3 :-
/4,7(* /-2-, 17 -7;)*+:-&
)- 1/= -7
/+7)(
+)779
)-
(- - 4&=:-# 2 )7 8
'1 -0
$($. 8$$&$&.%"9 ," /3& . : .)3& (&/-
2 )7 0
'1
1/= -7
*7(/- /-4 37(- 37& (* &=37!#3 &$ ** 092 29>08 ".3/ 3/(
37(- 3;*-3
A) 0) D 9 0 + 1* 8A++>> 491$+>+ 9>7 0 +0+' 0
%(-4- +(- :-7- > 00- 0 + +0: 0 0+)>
0 00 0:D 9> 0) 07 )9*
9 +) 0 D+ GA/ +:4+ . +
* 0D 9> 0 A0 +0+' 0
00 ;0 9" 3/1, 8' 7 )8 6 >) 7 8%: .,@8) 7:4 ).
.+ ;:,)' 88 7 .' - - ). 7?)8 ) 7 ,.% ) ') ,: ) 8 ). .
;' .,)' 78') . . )8:4 '<, 7. 7 ;' ) :) .: . >) :>
" & % 0 $1 < & 0 & 0 - 0-30.)8: . ;8:=
', 74
-"11&1 3 8'% &. 0"33+ 6 1 $ 9"$ 013 1 & "
0+ 44 2B6$6BI2A #!#!
## $
##
96&1136"
8'& )5
' . % % . >)7 A;7 .:<7,)'8: . ;. , ) 7 -;8: 7: 80. 7. -): 7'0 . -
8: . 07- 7 07: > %;.% 7+,7:4 8 ;3:4 7 % ': %, )'-&)% ;88'7 ): .
7).%: .)': .;7 . 173 7 80. 7. ;' -): , )': ;8>7:8 % 7)': : . <& . )-(
. )8: ). '>;.%4
. )8: )- ' .
- 7 ). % 7 7 )':;.% ). 7 +,7 . ).)
.' 7 . . '.0- . .4 $0,% .4
1 0"&&03 & " 1'&&&3& *<"0!
$"&3 <"%$" 03"'&$ 6& (#'&'%"1 +
&19"11&1 3$0 " 63 6*! )'#, "# 0.@)&.#
)- % .8:A A; . =0. 0;88 ; ).(
3& 11 1 & "& 6$ 0 0! 83)7) 7: . 0-.:)+ 7. ) 8 ;-' 7(
& %6& 1" 11 33 6& &1 3
8'> )$ . >), ' . $=07)8) 7 . 8;(
1" % &1 & &60 16#<11"8 ' . =) , .;. . +<7A 8: . % A>)(
0"33 70 0"33 "% & 01 $"&+
8' . A> ) ;.+: .4 78: 7 ': A; %)..
)8: ). . = 7%.% . .
'7 . 7 (
8 2/4
'7';. 7:8 7 .% >)7 A;(
>;88: 78;' ). 7 ) 7. )%.;.% . '- . A0% . ;$ 8 , 7 1+0(
7 7):)0. % -': >07 .4
.$,,8
.0-)8' . ,80 -1%,)'8: 7 );.%8,08 .
+1.. . 8)' ) 3A) 7%.%8>)88 .( #.(7C#; 0C;;#C ;. +7$:837 . . 07: > %;.%4
8'$:, 7 :70:A )'7 8 =) ,, )': :>8 A; 0 "$3 1 6 70 1 & "& 0
'0' :1. . . 7+ ..:.)8:' 07 :)8'(30(
360, 13 1 (& % *<"0& &" 3
,):)8' . 70%7--8 ;$ ) ;$+,7 7)8'
0 1 9#0&!0&7$" 1
07 7;.% 7;$ . 8)' ) ,: A; ;&
#"&0 07&6& 0,
;$ ;.-):: ,7 )8 . ; .A; )%. .4
)' 7 7 8 >)7 )- 2/4
'7';. 7: )-(
> >(
< 4B5
#!#! 2B6$6BI2A
0+ 44
./)$1#5'11
+ 0';A < ;+<A2-;A06 .J 0A* ).0 02 << <+) +/ <)0..0 DA A;(0 D0 .AJ + /); <+0 .<
$.AA +0 '0J< 02;/ F20 <AA+<)0 );+AA +0 +0; ).0 -D0 %&
D<-.0 2;+$);;D/6 ; 2A</; .AJ +<A
)I<+2'02/+06 ; $;+<) +0 0 .<* +0 G'D0' <AJ06 + 2.' +<A << 02 +0 +</ +00 -+0 .AJ6
<A0 ;)20 E;'; ; E; $E; 0 <A < 2/0< )+0D;) # %' #' .%#'* ' #
0 2D.F; <A2.J+;A F;;A )+0-A6 + $.H+20 G+;$A <2 0 #%#'/6+
<+0 <2J+. ;-D0$A 0<2 % +<A D< ; )06
F20 /+0; 2)0D0' +0 );.2AA0D;'
G+ + E$A0 <)G+0'0 2*
11 # #//'/!1 %#. # JD/ ;00D;'; 2; D0 G+; JD*
!
:
2;)<A; 06 D$ / ;2';// <A)0 < +2.+0-20J;A F20 ;)/< D0 +
31#31" # 0, * ,1 8,9
1,$01# A$89<$*<7
46 I/5)20+ F20 D<AF
).;6 ,D'0*/D<+J+;A62;'?,D+.D/CK4B
3/! (. ''+
?9 *$" B$,/ , * ,1 #$8 11$
- ? * 9<$*$1 B@8#$7
>- C/-
($9>(/- :/-9- (- C9+B##- 1GG
' 7:"="6 ".:(,:".5
7 ,%!
&9 (- 9/+,DA::>:(- 6.+%=6: >9 +-$ &(## 9FA$- D&'
D/-& (- (>- D&:-9 9- 9 &9> ,(>&(+# C/- "7"66*"%" &"". !*"
"*.=.& !"7
9#+&>A-$- 9 A>:&-
,-*#0!4&00 (-:>90,A-$ A- A9(-- (6"*"67 @*"!"6 !*" .*(: -*: !"6
"6:(/,! "*:C "6 ,"&".!6" "!+:*/.7-"*.=.& >"6"*.7:*--".
(9>:&#> */->(-A(9+(&
(' >9/,5 /& D( :(&> ( -9' -=775 *" "!+:*/. "(,: 7*( ?/6
:6*6( ?"6"*.*&:"
=: "7(*+
$9>(/-::>90, FA (-, D(&' ,>+ =.! ,=%%5 "%: ;<8<D1; $((+-F (:: /9$-$: A:6 "7"66*"%" &"+>6C: C= ?"60%%".:,*(".5
>($- *>/9 #B9 ( (->9->(/' A& C/, (- -$>9(- !,0- 0-'
-+ >>D9:#&($*(> #+' .+ & *2 &(## D9- ++(- C/, (-
'-0 )8 .
88 3--$',
A-:99 ->9-&,- D9-5 A, &9A# A# 9>&/+ (>F -(&> &9$:>++>5
)
*, ,"7"6%/6=-@*@/5!"
,'+ ,+ -+ ,$ - !,! *-- (& &-- -A9 $9>A+(9-5 ,!# &!, "* =7(6*%:". 2"6 )
*, *::". @*6
"6,*. (- +(-($*(> DB9 (& $9- ?* )
*, =- .&" (6"6 /7:!6"77"5
QF1): )F7)%
F5= FQ#7% )8) :G):% ):FU7 5)8G#3)F% )CC A"&R"B )F38M): &5) 5FMG#3.MG=#3) 59 39): 3F)G
5M185)&G4 PF85:1M=: =FM3)F: :M )CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC /I F=6)7MS)F7CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCJ,
Q&51)F 5:54F)2%
5#3)8 F=7)F%
FM5: )5S)FM% ")5MF1G 1)85).)FMC )P1)=M 5MF=+:CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC?O% /O
)M)F M)5:75F#3:)F% )@=FM)F$ :7) ):F5#3% :G4
QF1): 8)GG)%
5M185)&)F &)G )F38M): &5) 5FMG#3.MG=#3) VP9
5M185)&G4 U#"CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCJ,