!"# $
&%'# ()#*+
,
+-.
1/ 0325476989:8(;=<94?>(<A@25BDC?EGFAH1IA0(J925K(LNM2O0
PRQGSDTVUXWZY$Q#[\W^]V_^`aTVWcbdQ#YTVWZe5f#ghTV[jilkmWXTVWZe5gcWcenf#g
`of#`aTpgcWcQGUhqr[deOspQ#UtgceuWwv
xyTVY$eOzuWc]p[ FD{ [\W|TVUXeO]
} TV[jTpidT ~(?k$m
TV[ji
2O03K
(<9K(LN;I Et
PRQGSDTVUXWZY$Q#[\W^]V_^`aTVWcbdQ#YTVWZe5f#ghTV[jilkmWXTVWZe5gcWcenf#g
]pUX+qh[euspQ#UtgceOWv
r]pUXWcb]pUX FD{ [\W|TVUXeO]
} TV[jTpidT `oVl#-
|Zct.Vpt Z¡r¢¤£¥V^¦
t t§\¨¤c©ªZ«VcZDt«V¡¬d«Vt©ª«VZc©®«V^Zcty¯tV«c©ª§±°j¯At«Vt¡V²
³ A cZ´.µVVpt¥c¡h¢¤£ ·¶3§ªc¸#t«V¡cA¹t´«"º
»¢p´§®¡Vj¼tV«¡Vt ©ªt«.X°j½9c»ht«£t²
¾ £GpcZA¢£h¿\ÀÁp ¾ ¬´Ã
Ä
$() QhgcWji\v WZbdQpzO]jTVz i\v?[jTVY$enf#g]V_
gcSjQ¤f´euQ¤g
ft]pY$SDQ#WZeOWZeO]p[eO[T.fXbdQ#Y$]
gcW|TVWheOWcbai\engcWcUXedWcQ i+i\Q#z5T¤vi Q gXf´UXe deO[ WZbQWZeOY$Q z5T eO[\sp]pzuspQ¤ieu[WcbdQft]p[ spQGUtgceO]p[a]V_h[dWcUXeOQG[\W.Wc]sme5TdzuQ deO]pY TpgXg bdQ$i\Q#znTvSdbdQ#[d]pY$Q#[d]p[ae5g Y]\i QGzOzOQ i\v.WcbdQmTVY$YTi\e5gcWZUXe dWceO]p[ bQ !#"$%'&("*)+$',%'-TV[ji"/T .10%)203")24
6575"TVUXQ TVSdSzueOQ¤i+WZ]$
] dWXTVeu[Wcbd8Q pzO] jTVzAzOeuY$eOWZeO[ 9jQ#bjTsmeO]pUh]V_-WZbdQ1Y$] i\Q#2z bdQ#[+Q Tpf±bSD]p
S dz5TVWceu]p[f#TV[g dUXsmeOspQe _3eOWengr'f dzuW dUXQ¤i+TVzu]p[dQ F QSdUX]VspQ.WZbjTVW
TVW^Y$]mgcW-]p[dQyf´]pY$SjQ#WceuWc]pUhg dUXs?euspQ¤g :bdQ heO[d[dQ#Ue5g-WcbdQ.Sj]pS znTVWceu]p[WZbDTVWbjTpg
WZbdQgcYTVzOzuQ¤gc<W ;6=">(#;@?$A#"-CBD6E6F%4G%'6)+$H")+4 F SdUX]Vsme5i\Q¤iWcbjTVWhWcbdQ1]pUti\Q#Utg
]V_ WcbdQi QGz5TvpQ#UX[dQ#z5gyTVUXQz5TVAU pQTV[jilWZbdQY$Q¤TV[ i QGz5Tv g.Y$] i e IjQ¤i+Wc]eO[jf´z ji\Q
WZbd9Q hTpgcbd] WhUtTVWcK
Q JLhbenf±M
b Qf#TVzOzWcbdNQ EO$')203"/5P#"Q;6">SRATRTVUXQ j] d[Di\Q¤i
TV[ji f´zu]mgcQ+WZ]7Q¤TpfXb ]pWcbdQ#U F ]pU$WZbdQai QGz5Tv pQ#UX[dQ#z5gY]\i\=e IjQ¤i Wc]7eu[jf´z ji\Q+WZbQ
hTpgcbd
] dW
_µTpf´WZ]p<U JLhbde5fX9b Q.fGTVzOzdWcbdUQ ES$6)20"G;6=">-(6$6V6WRATTVUXQyf´zu]mgcQreuY
[ X[Z!
[d]pUX@
Y ]\rz5gc] F hbdQ#[ WZbdQs?euUXW jTVz.Y$Q¤TV[ i\Q#znTv g$TVUXQUXQ#znTVWceOspQGzOv gcY TVzOz F eOW$eng
gcbdC] r[WcbjTVW.WcbdQSdUXQ¤i\e5ftWceO]p[jg]V_WcbdQi\e5gcWZUXe dWcQ¤ii\Q#z5T¤vY]\i\Q#z3TVUXQ1eni QG[\Wcenf#TVz
heOWZb WcbdQ$SdUXQ¤i\e5f´WZeO]p[jg ]V_hWZbdQf´]pUXUXQ¤gcSj]p[Di\eu
[ { _P ^^g Y$] i\Q#z heOWZbd] W i\Q#z5T¤v xh] Q#spQ#U F gceu[jf´QWZbdQ+i\Q#znTvpQ¤M
i UXQ TV` QGspQ#[ f´]p[jf´Q#[ WcUtTVWceu]p[jg1TVUXQ,_ d[jf´Wceu]p[jg1]V_
WZbdQ+SjTVUtTVY$Q#WZQ#Utg1TVSdSDQ TVUXeO[ eO[ WcbdQi QGz5Tv pQ#UX[dQ#z5g F e_WcbdQi\Q#z5T¤v\gTVUXQg aP
fteOQ#[\WZzOvz5TVAU pQ F WZbQSdUXQ¤i\enf´Wceu]p[+]V_ rbdenf±b f´]pY$SDQGWceOWZ]pUg dUXs?euspQ¤g F peOspQ#@
[ \vWZbQ
{ <P ^-gY$]\i\Q#z F f#TV[i\e bAQ#U_¥UX]pY WcbjTVcW peuspQ#d
[ v$WcbdQi\Q#znTv$Y]\i\Q#+z egihOj$8 kjOlmn } bdQ#Y$]mgcW|TVWh`l] i\Q#z reuWcbP.engcWcUXe dWcQ i+P.Q#z5T¤v
f
o@mp!q8gGhr:sNtiurv
! ehCtsOm(sn P.e5gcWZUXe dWcQ¤ii\Q#znTv F fXbdQ#Y$]mgcW|TVW F f´]pY$SjQ#WceuWceOspQ
Qw\f´xz jgceO]p[ F pzO] jTVz(i\v?[jTVY$enf#g
y
sz{!|Om`}j~}ltsSsOk}tjOkg!unVm<P F Vm F ( p` F p<P
ujOhCg r/zV}jOkgVu
S
[7Wcbdeng SjTVSDQ#U F Q$gcW ji vaWcbdQ9pzu]jTVzi\v?[jTVY$enf#g ]V_hWZbQ_¥]pzOzO]Creu[Y]\i\Q#z]V_ gcSjQ¤f´eOQ g ]V_
Y$enf´UX]?]pUAmTV[dengcYg.f´]pY$SjQ#Wceu[Qw?Sdzu]peOWXTVWZeOspQ#zuvo_¥]pUTagceO[pzuQpUX]CrWZb7zOeuY$eOWZeO[+[dWZUXeOQ#[\Weu[NTdQGzOz
gcWceuUXUXQ¤if±bdQ#Y]mgcWXTVW J
AT J
DT J
AT! J
AT#"
JXnST
Z J
AT$&%('
J,+ T! J,+ T .- )/10 )325476
J
+T989+:"
;<>=J2 T?"
J
AT '
)* hbQGUXQ1_¥]pU1TV[ v+eO[ WcQpQ#U(@
A B"C= JD@ TE BA" F"GGGH"I@KJ9"ML NPO F"RQ TlTV[DiWcbdQi\Q#z5T¤v+pQ#UX[dQ#zng
6
SL >
T
L
WXTVpQWcbdQ_¥]pUXY
Z ] U X[Z - )^ " U`<>L "a;<>=J2 T?"
X
6 J,UT1WVYX7Z
Z_
\ b
_¥]pUf´]p[jgcW|TV[\ WXg V TV[jieO[ WcQpQ#Utg \ A]FG1xhQ#UXQ J
ATai\Q#[d]pWcQ¤ghWcbdQf´]p[jf´QG[\WcUtTVWZeO]p[+]V_^[dWZUXe
Q#[\W^TV[ji J
DTi\Q#[d]pWZQ¤g·WZbQRi QG[DgceuWv]V_(b WcbdQc;(
WcbSD]pSdz5TVWZeO]p[]V_(Y$e5ftUX]?]pUAmTV[de5gcY g
eO[$WZbdQf'dzOW UXQ
spQ¤gXgcQ#z TVW- WZeOY$d
Q bdQSjTVUtTVY$Q#WZQ#U> Ne5g-WcbdQi\euzdWceu]p[ J¥]pU1hTpgcbd]W6T9UtTVWZQbdQft]p[DftQ#[\WcUtT
Wceu]p[]V_^WcbdQ1eu[S dWh[ dWcUXeOQG[\W-eu[WcbdQ1_¥Q#Q¤i+spQ¤gXgcQGz
eng.i\Q#[d]pWcQ¤d
i \v T Sj]mgcWceuspQf´]p[jgcWXTV[ W GkmSDQ¤f´euQ¤g
gcSDQ f´=e I fi\Q¤TVWcbUtTVWZQ¤grTVUXQ"Tp gXg dY$Q¤i$WZ9] DQ"eO[jgce p[d=e I f#TV[ W-ft]pY$SjTVUXQ¤iWZ]$WcbdQ"i\eOz dWZeO]p[+UtTVWZQTV[jiTVUXQ
e p[d]pUXQ¤!
i P^^Tpf±b pQ#UX[dQ#z 6 euy
[ JX W`TyUXQ#SdUXQ¤gcQ#[\W|g WZbQ i engcWcUXxe dWZeO]p[a]V_hWcbdQWceOYQi\Q#z5T¤veO[\sp]pzuspQ¤i
eO[ WZbQf´]p[ spQ#UtgceO]p [a]V_.3[ WZUXeOQ#[ W WZ]osme5T dzuQf´Q#zuz5g P dQWc]aWcbdQ$] d[W ej] eO[ WZbQfXbdQ#Y$]mgcWXTVW F ]p[dzOv
JD+T - )/10 )3254 6
J
+ T?"[]pW
J
AT F ]V_^WcbdQ
JD+ TaY$enf´UX]m]pA
U mTV[engcYg-WcbjTVWft]p[Dg dY$Q i+[ dWcUXeOQG[\W
'
+ [deuWXg$SdUXQ#s?eu] jgczOv F g dUXs?euspQ+eu[ WZbQ fXbQGY$]mgcWXTVW$WZbdf
Q + d[deOW|g ]V_ WceuY$Q[dQ¤f´Q¤gXgXTVUXv Wc]
f´]pY$SdzuQ#WcQWcbdQ"SUX] f´Q¤gXg]V_ f´]p[\spQ#UXWZeO[ WZbdQ1[ dWcUXeuQ#[\W^Wc]$[dQ ftQ#zOzng 7Q TVUXQ1eO[ WcQ#UXQ¤gcWZQ¤i+eO[WZbd
Q pzO] jTVz3Tpgcv?YSWZ]pWcen_f DQGbDT¤s?eu]pUr]V_^Y$] i\Q#z JX 5S T bdUX] pbd] dW F Q
TpgXg dY$Q9WZbDTVW3Q¤Tpf±b"[ dWcUXeuQ#[\!W dSdWXTVpQ9,_ d[DftWceO]pd
[ "C;Y<>=J2 T?"-gXTVWZe5Hg IjQ¤gAWcbdQ·_¥]pzuzOC] reu[ yTpgXg dY$SdWceu]p[Dg J|
ª` T
SL T L engY$]p[d]pWZ]p[Qeu[DftUXQ¤TpgceO[ TV[ji$zO] f#TVzOzuv+~AeOSjgXfXbdeOhW g<heOWZd
b J2`T]Fi
J|
T WcbdQ#UXQQ wme5gcWXgyTSD]mgceuWceOsp7Q J¥SD]mgXgce dzuv$Q wmWcQ#[ji\Q¤i T^UXQ¤TVzA[ d7Y DQ#d
U j g jfXbWZbjTVW
n$ o Z
7
X
Z
J Tk&ml
e _ kpj "
V
V
b
b n$ o Z
7
X
Z
J T
l
e_ j G
V
J `T
V
`]pWceOsTVWZQ¤i \v&O F F Qf#TVzOz j WcbdQM;6=">(#;F?$A#"-BA6E6y%4i%'6)2$#")247]V_hSj]pSdznTVWceO]p[ G
qr[ji\Q#U"TpgXgdY$SdWceO]p[jgJ|ª`TyTV[ji JX T F gcv\gcWZQ#Y JXnST.TVzxhTv grbj TpgrWcbdQ7hTpgcbd]WhQdeOzOexdUXedY J "AF"A`T?G`l]pUXQG]VspQ#U F _¥]p UQ¤Tpf±b ; <=J+ T gjf±b WcbjTVWnj k "WZbQGUXQe5g$T7[d]p[d[QmTVWceOspQ
QdeOzOxe dUXe dY ]V_ WcbdQ _¥]pUXY YJ7j " EZ " E " GGG" E TI"<rbdQ#UXQ E ] _¥]pUTVzuz ;TV[ji
Io X7 Z Z
E
JX `T
l V
j G
f$
V
r]pWZQWcbjTVWrWZbdQSUXQ gcQ#[jf´Q]V_Wcbd8Q hTpgcbd] d<W J Y$Q#Y]pUXv T9_µTpf´WZ]pU - )/10 ' )254 eO[Y]\i\Q#z JX nS TfXbjTV[ pQ g
WcbdQQ euzOxe UXxe d Y sTVz dQ¤g._¥]pU1WcbdQft]pUXUXQ¤gcSD]p[ji\eO[ { <P ^-gY$]\i\Q#z heOWZb] dW"i\Q#z5T¤v 7bdQ#UXQt_¥]pUXQ F WcbdQ
QdeOzOxe dUXe5
T " ; < =J+ TI"i\=e b Q#U DTV[ WceOW|TVWceuspQ#zOv_¥UX]pY Wcbd]mgcQ hbdQ#[7i\Q#znTv g.TV[ji hTpgcbd] dWh'Q bAQ¤ftWXg
TVUXQe p[d]pUXQ¤!i \ Y$]\i\Q#zjgceuY$eOznTVU9Wc~
] JX 5S TffW rbdQ#UXQyTVzOzdi\Q#znTv g-TVUXQhi\e5gXftUXQ#WcUQ J +e Q 9WZbQyi\Q#z5T¤vpQ#UX[dQ#z5gTVUXQhTVzuz
i\Q pQ#[dQ#UtTVWZQhPReuUtTpfrP.Q#zuWXT"i engcWcUXxe dWZeO]p[j'g T F hTpg9UXQ¤f´Q#[\WZzOv gcW ji\eOQ¤ieO[ O hbdQ#UXQheOW hTpg9gcbd] h[WZbjTVW
d[ji QGU-ftQ#UXWXTVeu[g af´eOQG[\Wf´]p[ji\eOWZeO]p[jg F WcbdQ.i\engXf´UXQ#WcQyi\Q#z5T¤vY$] i QGz
Q w?bde deuWXg-ft]pY$SDQ#WZeOWZeOspQ.Q w f´xz Dgceu]p[
TV[jiNWcbdQSD]pS dz5TVWZeO]p[ WZbDTV~W reu[DgWcbdQaf´]pY$SjQ#WceuWceO]p[ e5g$WZbQ]p[dNQ reuWcb WcbdQagcYTVzOzuQ¤gc7W UXQ TV` QGspQ#[
f´]p[jf´Q#[ WcUtTVWceu]p[ PbdQ$WZeOY$Qi\Q#z5T¤vo'Q b Q¤f´W]p[7WZbdQ jTVzueOWXTVWZeOspQ$] dW|f´]pY$Q$]V_yf´]pYSDQ#WZeOWceu]pF
[ hTpg Q w(
SdzO]pUXQ¤i"TV[ji1eO:W hTpg(i\Q#Y$]p[jgcWcUtTVWZQ¤i WZbDTVfW rbdQ#[WZbQhi\Q#znTv g
TVUXQ^UXQ#z5TVWZeOspQ#zuv"gcYTVzOz F WZbQSdUXQ¤i\enf´Wceu]p[DgA]V_
WcbdQ"i\e5gXf´UXQGWcQ"i\Q#z5T¤v$Y$] i QGzATVUXQe5i\Q#[\WZe5f#TVGz reuWcbWcbdQSUXQ i enf´Wceu]p[jg peOspQ#P[ \vft]pUXUXQ¤gcSD]p[ji\eO[ 1Y]\i\Q#zng
heOWcbd
] dW1WZeOY$Qi\Q#znTv g F TV[DiaWcbjTVWeO[\WZUX]\i jf´eu[ z5TVAU pQi\Q#znTv g1eO[ WcbdQY$] i\Q#z-YT¤v7TVzuWcQ#UWZbdQSdUXQ i\e5f´WZQ¤io] dWXft]pY$Q]V_f´]pY$SjQ#WceuWceO]p[ `]pUXQUXQ¤f´Q#[\WZzOv F eu&
[ O p ·Y]\i\Q#1z J| 5S T hTpg ft]p[Dgceni\Q#UXQ¤i+eO[ WcbdQ
f#Tpgc8Q hbdQ#UXQ1WZbQGUXQTVUXQ]p[dzOv#W @
] J cThgcSjQ¤f´eOQ grQ#[ mT pQ¤i+eO[ f´]pY$SjQ#WceuWceu]p[ bdQ#UXQ"Wcbd8Q pzO] jTVz
zOeuY$eOWZeO[ djQ#bjTsmeO]pU"]V_.WZbQY$]\i\Q#z hTpg1f´]pYSzuQ#WcQGzOv i QGWcQ#UXY$eu[dQ¤i d[ji QGUTpgXg dY$SdWceu]p[D8g J| ª` T"TV[ji
JX
TTV[jiWcbdQ pQ#[dQ#UXenff´]p[ji euWceu]p[ j Z j G
bQYTVeu[7
S UXSj]mgcQ]V_hWcbde5gSjTVSDQ#U"e5g WZ]eO[\spQ gcWce mTVWZQWZbdQ dQ¤gcWceu]p[NTpgWc@
] hbdQ#WcbdQ#U TV[DiaWc]
hbDTVW3
Q w?WZQ#[\WWcbd1Q pzu] DTVzmUXQ¤g dzOW|g
]V_ O p f#TV7[ DQQ wmWcQ#[ji\Q¤iWZ]Wcbd1Q pQ#[dQ#UtTVz gcSDQ¤fteOQ¤g
Y]\i\Q#!z J| 5S T -F
v jgceO[ WcbdQ !#"$@%'&("y)2$6,%-M) %&(0iTV[jiN9T .10 % )+0")24 6557" F Q] dWXTVeO[ g af´euQ#[\W
f´]p[ji\eOWZeO]p[jg [ji\Q#UU rbde5fXb TVW1Y$]mgcW]p[dQ$SD]pS dz5TVWZeO]p[ g dUXs?euspQ¤g.eO[ WcbdQf±bdQ#Y$]mgcW|TVW 97Q[]pW]p[dzOv
QwmSdzO]pUXQUXQ¤g dzOW|g$WcbjTVWTVUXQaTV[DTVzu] dQ¤g$]V_Wcbd]mgcQ+_¥]pUWcbdQ7ft]pUXUXQ¤gcSD]p[ji\eO[ i engXf´UXQ#WZQai QGz5Tv Y]\i\Q#z
gcW ji\eOQ i eu[ O F W TVz5gc]] dWXTVeu[[Q UXQ¤g dzuWXg-WcbjTVWhTVSdSdzOv]p[dzOvWc]WcbdQ"i engcWcUXxe dWZQ¤ii\Q#znTv$Y]\i\Q#z
JX
nS TA[WcbdQ"f#TpgcQ hbdQ#UXQQ¤Tpf±bSD]pS dz5TVWZeO]p[f#TV[g dUXsmeOspQeO[WcbdQ"f±bdQ#Y]mgcWXTV1W hbQG[+eOWhe5gh'f dzOW dUXQ¤i
TVzO]p[dQ F euW9e5g^gcbC] r[WZbjTVW·WZbdQrY$] i\Q#z\Q wmbde deOW|gf´]pY$SDQGWceOWZeO spQhQ w f´z jgceO]p[ fbdQSD]pS dz5TVWZeO]p[WcbjTVW reu[jg
WcbdQ"f´]pY$SjQ#WceuWceu]p[eng-WcbdQ.]p[dQ.WZbDTVWbjTpg-WZbQRgcYTVzOzuQ¤gcW j sTVz dQ F SdUX]s?eni Q iWcbjTVWQ#euWcbdQ#UWcbd8Q EO$6)20"
TVUXQftzO]mgcQeO[ X[Z [d]pUXY F ]pUWZbQ]pUti\Q#Utgr]V_^WcbdQi\Q#z5T¤v+pQ#UX[dQ#zng.TVUXQz5TVUApQTV[jiWcbdQ
EO$')+0"i5P#" ;6">SR TVUXQf´zu]mgcQ.Wc]Q¤TpfXb]pWcbdQ#UOxrQ#UXQyWcbdQs?euUXWjTVzAi\Q#znTvpQ#UX[dQ#zje5gT1Y$] i\e=I f#TVWceu]p[
]V_3WcbdQi\Q#znTv$pQ#UX[dQ#z 6 eO[ JX W`T^Wc]eO[jf´xz ji QWZb<Q hTpgcbd] dW·_µTpf´WZ]pU - )/ _ TV[jiWZbQsmeOUXW DTVzAYQ¤TV[
i\Q#z5T¤v1eng-T Y]\i\=e I f#TVWZeO]p[]V_AWZbQhY$Q¤TV[i\Q#z5T¤v Wc]"eO[jf´z ji\QWcbdQ hTpgcbd] W3UtTVWcQ Gbd Q¤gcQhUXQ¤g dzOW|g9TVUXQ
[d]pW.UXQ¤gcWZUXe5f´WZQ¤ilWZ]WcbdQf#Tpgc8Q hbQGUXQWcbdQ 6 g TVUX8Q Q TV J \ cT]pU"gcWcUX]p[ @J \ / T pQ#UX[dQ#z5g [_µTpf´W F WZbdQ#vf#TV@
[ DQ TVSSdzueOQ¤iTp1g Q#zOzAWZ]$pQ#UX[dQ#z5g-WZbjTVWrbjTspQ"TVAU deOWZUtTVUXv]pUti\Q#Utg 7QUXQ#Y TVUX WZbjTVWf±bdQ#Y]mgcWXTVWY$]\i\Q#zngeO[jf´]pUXSj]pUtTVWceu
[ aWceuY$Qai\Q#z5T¤v bDT¤sp@
Q DQ#QG[ gcW ji\eOQ¤Q
i \v
YTV[\v T WZbd]pUtg `l] i\Q#z5geO[\sp]pzus?eu[ i\e5gcWZUXe dWcQ¤i i QGz5Tv gTVUXQf´]p[jgce5i\Q#UXQ i WcF
] jQ+Y$]pUXQUXQ¤TVzOengcWce5f
WcbjTV[ i\engXf´UXQ#WcQi\Q#z5T¤v+Y$] i\Q#z57g JgcQ#Q O! F \fF \F F #p LT 7QUXQ´_¥Q#U"WcbdQUXQ¤Tpi\Q#UWc(
] O F p 9_¥]pU
TV[+Q w?WZQ#[jgceOspQzOeuWcQ#UtTVW UXQyUXQ#s?euQ ]p[ f±bdQ#Y$]mgcW|TVW-Y$] i\Q#zOeu[ 8Dgceu[ WceOYQ1i\Q#znTv g [+SjTVUXWcen'f dz5TVU F Q
Y$Q#[ WceO]p[WZbdQrSjTVSDQGUtg Ou F p F F WcbjTVW^TVUXQhf´zu]mgcQ#zOvUXQ#znTVWcQ¤iWc]"Y$] i QG!z JX nS TA]pU9WZbQheOYSD]pUXWXTV[jf´Q
]V_deu[Dftz ji\eO[ WcbdQ hTpgcbd] dWD_µTpf´WZ]pU9]VspQ#U(WcbdQ^WceOYQi\Q#z5T¤v.eO[fXbdQ#Y$]mgcW|TVWAY$]\i\Q#zng F Q^UXQ´_¥Q#U(WcbdQ-UXQ Tpi QGU
Wc] OO# dTV[jiWcbdQyg UXspQGv1SjTVSDQ#U O 2W^gcbd] dz5i DQh[d]pWcQ¤iWcbjTVWWcbdQyi\e5gcWcUXxe WZQ¤ii\Q#z5T¤v1Y$] i\Q#z JX nS T
YT¤vobjTspQY$]pUXQSD]pWZQ#[\WcenTVz-WZ]oY$euY$e5fUXQ¤TVzueOWv F ft]pY$SjTVUXQ¤ioWc]aWcbdQft]pUXUXQ¤gcSD]p[ji\eO[ { <P ^-g1Y]\i\Q#z
heOWcbd
] dWhi\Q#z5T¤v F Tpghf´]pY$S dWcQ#UygceO7Y dz5TVWceu]p[jg·eO[ O p Aeu[Di\enf#TVWcQ beng.SDTVSjQ#Ue5g.]pA
U mTV[de g#Q ioTpg._¥]pzOzOC] .g [ kmQ¤f´WZeO]pF
[ F 7Q peOspQHW ]SdUXQ#zueOY$eu[DTVUXvUXQ¤g dzuWXgr]p[
SD]mgceuWceus?euWwv TV[ji j] [ji\Q¤i\[dQ¤gXg]V_gc]pxz dWceO]p[jgr]V_ J| 5S TA [ kmQ¤ftWceO]p[ F QgcW|TVWcQWcbdQYTVeO[UXQ g zuWXg km]pY$Q.WZQ¤f±bd[de5fGTVzAzOQ#Y$Y Tpg-TVUXQSdUX]VspQ¤ieu[okmQ¤f´WZeO]p[ -k?Q f´Wceu]p@
[ f´]p[\WXTVeu[jg-WcbdQSUX]m]V_µg]V_9WZbQYTVeu[
UXQ¤g dzOW|g 9eO[jTVzOzuv F <Q peOspQ gc]pY$Q"f´]p[jf´z ji\eO[ UXQ#Y TVUX\g-eu[okmQ¤f´WZeO]p[ ;6">*-(6$'!6WR
!gGsOkjOkkj'p
t uVr
7gVz:uVr:m`rum`sOs
bUX]pbd]dW F Qi\Q#[d]pWcQP\v
Z WZbdQ TV[jTpfXb gcSDTpftQ]V_j]d[Di\Q¤i f´]p[ WceO[3]jg._,[jf'
Wceu]p[jgYTVSdSdeO[7_¥UX]pY J Q "A WZ] L Z GUX]pY WZbQ pQ#[dQ#UtTVzWcbdQ#]pUXv ]V_eO[ WcQpUX] i\e=bAQGUXQ#[\WcenTVz
QjTVWceO]p[jg JgcQ#Q O F V LT F Qh?[d] WcbjTVW_¥]pUhTV[\veO[deOWZe5TVzjidTVWXT>YJ " Z "HGGG" T <
Z E <
Zi JD+ T A F" ; " + J9"$WZbdQ#UXQQ w?engcWXgT d[de dQgc]pzdWZeO]p[:Jih
AT _ J| 5S T9_¥]pU TVzO`z A g jf±b$WZbjTV
W :JiT! 0D)* #" $G%]pUft]p[
Jih
ATI" Z Jih
AT?"GGG" Jih
AT ]V
spQ#[deOQG[DftQ F <Q heOzOz TVz5gcU] D gcQ J
ATI" Z J
DT?"GGG " J
AT Wc]i\Q#[d]pWcQWcbdQgc]pxz dWceO]p&
[ :Jih
ATPreuWc&
b <
Z "e _jWcbdQ#UXQeng
[d]f´]p[\,_ jgceO]p[ ! bdQ#7
[
QgX T¤v"T gc]pxz dWceO]p'
[ :Jih
AT]pU J
ATI" Z J
DT?"GGG " J
AT ]V_ JX 5S T^e5g-Sj]mgceOWZeOspQ F QY$Q¤TV[WcbjTVWWcbdQ"gc]pz dWZeO]p[bjTpgb eu[euWcenTVzAidTVWX$
T <
Z TV[ji$Q¤TpfXb f´]p9Y SD]p[dQ#[ W]V_WcbdQgc]pxz dWceO]p[spQ¤ftWc]pU.engSj]mgceOWceuspQ._¥]pU.TVzuz FG
cW bdeng+gcQ¤f´WZeO]p[ F QMpeOspQ WH] SdUXQ#zueOY$eu[DTVUXv UXQ¤gdzuWXg]p[ SD]mgceOWZeOsmeOWv TV[ji D]d[ji\Q¤i\[dQ¤gXg]V_
gc]pzdWZeO]p[jg]V_[JX5ST bdQ1SdUX]?]V_3]V_^WcbdQ _¥]pzuzO]Creu[zOQGY$YTe5g.gceuY$eOznTVUrWZ]$WcbdQSdUX]?]V_3]V_ ~QGY$YT75
eO[ O p +
b
m t C 4$">><
Z )L&$ J+`T1AyY"; J2`T F" ;<>=J+ TI"7)L&cR640)+4
[
:Ji5
DT R(4R6)2E
hbDTVW._¥]pzuzO]yg F Q$i\Q#UXeuspQ$T %4RO'$6EO")24G$6i%G _¥]pU"Y$] i QGzcJ|5ST P
]gcQ#QWcbdeng F zOQGW
J
DT?" Z J
ATI"GHGG" J
AT DQTV[ TVAU deuWcUtTVUXeOzuv IGwmQ¤iNSD]mgceuWceuspQgc]pzdWZeO]p[NqygceO[7WcbdQzOeO[dQ¤TVUfXbDTVeu[
WcUXenf±WcQ¤ fXbd[e dQ Tp g eud
[ OO F Q"i 6Q ID[dQ
[
J2 `T
®
J2 `T
_¥]pU
TV[ji
J AT1 % '
)* / ^
JDUT1
~AQ#W
W_¥]pzuzO]C.g-_¥UX]pY
J2 `T
c
J,+ T
DJ + T ] ZHU V
- )30/
Z
;Y<> =J2 T TV[Di ]F"¤B"AF"GH GG" \ G \
= J+ TI" < = J \ T gXTVWcengw_¥v
J
ATI"C;<>
J2 T
/ ^
Z
J
+ 9T 89+:"
"
i euUXQ¤f´W(spQ#UXe=I f#TVWZeO]p[<jgceO[UJXW`TjeOYSzueOQ¤gDWZbjTVW
^ 4 "
Z _
U`<>L
J
AT J
AT J
AT! J
AT "
Z J
DT J
DT $ JD
T?"
X7Z
J
AT J, $
T
JA
T$
J
AT! J
AT "
V
V J
ATY JD $ V T JA
T $ V ) Z J
ATIG
J
AT
X[Z
J
ATY J
DT $
J
AT"
y
A FG
Z V
J2 T-WZbjTVW J
AT JA
TI
G bdQ#UXQ´_¥]pUXQ
JA
T
J
AT$ X7Z $
J
AT $J
AT?"
AyF"
Z V
J DT?"
J
AT
hbQGUXQWcbdQaf´]p[\WZeO[d]jg _,d[jf´WZeO]p[J
AT i QGSDQ#[jidg]p[ WcbdQaeO[deOWZe5TVzyidTVWXT7]V_"WcbdQagc]pzdWceu]p[ J
AT?"
J
ATI"GHGG"
J
AT TV[jigXTVWce5gHIjQ¤gJ
AT
T QwmSD]p[dQ#[\WZe5TVzuzOvTpg>
T Q G ]pUXY7dz5TJ+W`TWZbQGUXQ´_¥]pUXQ
Z
Y T¤9v DQ"s?euQ Q¤iTpghT$f´]p[jgcQ#UXsTVWceu]p[+SdUXeO[jf´euSzuQr_¥]pUhWcbdQi\e5gcWZUXedWcQ¤ii\Q#znTvY$] i QGzJX5ST 7Q"[]pWZQ
WcbjTVW^gceOYeOz5TVU f´]p[jgcQ#UXsTVWceO]p[SUXeu[jf´eOSdzOQ g_¥]pU^f±bdQ#Y$]mgcW|TVWY$]\i\Q#zn:g reuWcb]pU heOWcbd] dWJi\e5gXftUXQ#WcQT3i\Q#znTv g
#f TV[@jQ1_¥][ji+eu[&O F F F #p2 ]pUyY$]pUXQi\Q#W|TVeOz5gh]p[WcbdQUX]pzOQ"]V_ft]p[DgcQGUXsVTVWZeO]p[SdUXeO[jf´euSdzOQ¤g
eO[ TV[jTVzOv9g#eO[f±bdQ#Y$]mgcW|TVWY$] i QGz5g F Q"UXQ´_¥Q#UhWcbdQ1UXQ Tpi QGUWc]$WZbQ"UXQ¤f´Q#[ WY$]p[d]pUtTVSbKO 2
\.gTi\eOUXQ¤f´WRf´]p[jgc
Q dQ#[jf´Q"]V_^WcbdQ$Tj]VspQ f´]p[jgcQ#UXsTVWceO]p[aSdUXeO[jf´euSzuQ7J2W`T F Q]W|TVeO[WZbQ1_¥]pzx
zOC] reu[ 8D] d[ji Q i [dQ¤gXg-UXQ g zuW b
m t , (4R6)2E8R640)24R84 N"$A7?40;#;64$c
FG
! hCg g _ J
AT?" Z J
ATI"GGHG " J
DT e5b gyT Sj]mgceOWZeOspQgc]pz dWZeO]p[]V_ JX nS T F WcbdQ#[ TVzOz J
AT i\'Q Ij[dQ¤i
eO[ J2 `TTV[ji J+ª` T TV UXQSD]mgceOWZeOsp Q. _¥]pc
U FG<bdQft]p[Dftz jgceO]p[[d] _¥]pzuzOC] .g·_¥UX]pY J2 `TA
)Pm
GGGH"
th
J
AT
UX]pY_¥]pUXY7dz5T<J2W`T
gXTVWcengHIjQ¤g
F euW-fGTV[jQ.gcQ#QG[$WcbjTVWQ#spQ#UXv"SD]mgceOWZeOspQygc]pzdWceu]p[
zueOY gdS
J AT?"
Z
J
ATI"
J AT "
JA
T G
Z zueOY g * dS
*
'
DQ#WZWcQ#U dSdSDQ#UyzOeOYeOWceu[
'
J2 T
F Q8heOzuz
]dWXTVeu[@ <
9D]d[jidg _¥]pU"TV[\vSD]mgceuWceuspQgc]pzdWZeO]p[]V_
Y$] i\Q#zJXnSTA WUJ2 TheOzu!z DUQ DgcQ ieO[ gc]pY$QSdUXQ#zOeuY$eO[jTVUXvQ¤gcWZeOYTVWZQ¤g
[z5TVWZQ#U"gcQ¤f´Wceu]p[jg
tkLu )Pm(s zVljOs
-v7UXQ¤TVUXUtTV[peu[WZbQQjTVWceu]p[DgeO[yJ|5STe _y[dQ¤f´Q¤gXgXTVUXv F Q$YTv TpgXgdY$Q F reuWcbd]dWzO]mgXg1]V_
pQ#[dQ#UtTVzueOWv F WcbjTVW j
j j G { dUUXQ¤g dzOWXg]p[NWZbdQdpzO]jTVzhi\vm[DTVYe5f#g1]V_7J|5ST TVUXQ
Z
SdUX]VspQ¤i9d[ji\Q#UWcbdQ _¥]pzuzO]Creu[8pQG[QGUXe5ff´]p [ji\eOWceu]p[
n
j
J ST
F Qw\f´QGSW bdQ#]pUXQ#Y g51TV[ji+ F QTVzxhTv gTpgXgYQ WZbjTVW
[aTVzOzA]V_WZbdQ1WcbdQ#]pUXQGYgrgcW|TVWcQ¤idjQ#zO]C
f´]p[ji\eOWZeO]p[ µJ 5ST^e5ghgXTVWcengHIDQ iV
em(gihCm
C ;<>=J+ IT "9),&'
6)
i5
DT T
J
:Jih
AT
?'">
"R
T
kpj aj G
Z
E6(4R6)2E8R640)24
Q G
(j
A 4
64$8R645*
bQG]pUXQ#Y 5gcWXTVWcQ gWcbjTVW$e_WcbdQi\Q#znTvpQ¤iFdUXQ¤TV`
µQ#spQ# [ ft]p[DftQ#[\WcUtTVWZeO]p[ j e5gznTVUApQ#UWcbjTV[
WcbdQeu[S dW[dWcUXeOQG[\Wf´]p[jf´Q#[\WZUtTVWceu]p[ F WcbdQ#[ SD]pSdz5TVWZeO]p[
i\euQ¤g]dWhbdQ#WcbdQ#U]pU$[d]pWWcbdQ#UXQeng
Tf´]pY$SjQ#WceuWc]pOU Nbdeng UXQ¤g dzOW"eOY$YQ¤i\e5TVWcQGzOveOYSzueOQ¤g.WZbQ$_¥ ]pzuzO]heO[PpzO]jTVz^UXQ¤gdzOWWcbjTVWi\Q¤gXftUXeDQ g
]dWXf´]pYQ¤g$eO[yrbde5fXb TVzOzySD]pSdz5TVWceu]p[jg$TVUXQQ#zOeuY$eO[jTVWZQ¤i _¥UX]pY WcbdQ f±bdQ#Y$]mgcW|TVWr]pWZQ7WcbjTVW$WZbde5g
Q#zueOY$eu[DTVWZeO]p[e5gr[d]pWyTUXQ¤gdzOW]V_ f´]pY$SjQ#WceuWceu]p[ F dWrengridQ1WZ]WZbdQ _µTpf´W.WZbjTVW.WcbdQfXbdQ#Y$]mgcW|TVWrengrTV[
eO[jTpi\Q jTVWcQQ#[\smeOUX]p[dY$Q#[ W·_¥]pUyTV[\v$]V_WZbQ"SD]pSdz5TVWZeO]p[jg-Wc]gdUXsmeOspQ
em(gihCm cj Z A ")L&6zOeuY * :Jih
AT1 64$76E 6$6> 4R6)2ER640)24&:Jih
AT
4 8574;6
'
bQafGTpgcQdhbQGUXQagc]pY$Q+]V_ WcbdQ j g$TVUXQagcYTVzuzOQ#UWcbjTV[ TVSdSDQ¤TVUt gWc]FDQaYjfXbNY$]pUXQ
f´]pY$Sdzue5f#TVWZQ¤i!d [ O p F euW8hTpggcbd]h[ WcbjTVWTV[\v7SD]pSdz5TVWZeO]p[
reuWcb
j k f#TV[ gUXsmeOspQ
eO[ WZbQ f±bdQ#Y$]mgcW|TVW hbdQ#[ eOW1eng'f dzOW UXQ i7TVzO]p[dQ>W"e5g1Wcb3Dg]V_.eu [\WcQGUXQ¤gcWWc]a?[d] hbdQ#WcbdQ#UgjfXb
SD]pS dz5TVWZeO]p[jghf#TV[f´]mQ wme5gcW.eu[WcbdQfXbdQ#Y$]mgcW|TVcW hbdQ#[+WZbQGvTVUXQ6f zuW dUXQ¤iWc] pQ#WZbQGOU 1bdQ_¥]pzOzO]Creu[
WcbdQ#]pUXQGY SUX]s?eni\Q¤grTgceuY$SdzOQftUXeOWcQGUXeO]p[Wc]SdUXQ¤i\e5f´WhWcbdQ] W|f´]pY$Q]V_ g jf±baft]pY$SDQ#WZeOWZeO]p[ `<W peOspQ g
f´]p[ji\eOWZeO]p[jg [ji\Q#UU rbde5fXbaY$]\i\Q#z J| 5S T.Q w?bde deuWXPg %45 6)2)2Ed %=0(R64NbQSD]pS dz5TVWZeO]p[7WZbjTVW
heO[jg
WcbdQyf´]pY$SjQ#WceuWceO]p[eng9WcbdQ]p[d1
Q reuWcbWcbdQhgcYTVzOzuQ¤gcW j sTVz dQ F WcbjTVW9eng F SD]pS dz5TVWceu]p[ Z g UXsmeOspQ g
eO[WcbdQfXbdQ#Y$]mgcW|TVW F hbeuzOQ"TVzOzA]pWZbdQ#UrSj]pS znTVWceu]p[Dgi\euQ ] dW ]pUhft]p[\spQ#[deOQ#[jf´Q F Qi\'Q Ij[dQWcbdQeO[ji\Q wgcQ#W
J `T
em(gihCm
®
J `T
E < =J2 IT i Ay7TV[ji j k J9G
RAR605P)L&(")
j
k Z
J
";
j T k j G
Z
zOeuY * :Jih
AT1 Z 64$9'E6$6> (4R6)2ER640)24&:Ji5
DT 454;6 '
} ]p[Di\euWceO]p[7Jµª`TdeO["WcbdQTj]VspQWcbdQ#]pUXQGY UXQeuUXQ¤gDWcbjTVW(WcbdQ>j sTVzdQ9_¥]pU
Sj]pSznTVWceu]p[ " <
"gcbd
] dz5i[d]p_W jQWc]m
] w_µTVUOT hTv _¥UX]pY WcbdQeu[SdW.[dWZUXeOQ#[\Whft]p[DftQ#[\WcUtTVWZeO]p[ G _Q UXQmTVUti
j " < "yTpgTV[$eO[ji\Q wY$Q¤Tpg dUXeO[ WcbdQT deOzueOWv]V_3g UXsmeOsTVzd]V_3WcbdQ.SD]pS dz5TVWZeO]p[ rbdQ#[euW
e5g6f zuW dUXQ¤iTVzO]p[dQ F f´]p[ji\eOWceu]p@
[ J ®` T^f#TVP[ DQWcbd] pb\W^]V_3Tpg-UXQ deuUXeO[ 1WZbQ c]peu[\W-eu[Di\Q w ]V_ g UXsmeOsTVz
]V_ TVzOz(SD]pS dz5TVWZeO]p[jg " < " WZP] DQ1zuQ¤gXgrWZbDTV[WZbdQeO[ji\Q w]V_g dUXsmeOsTVz(]V_SD]pS dz5TVWZeO]p[ Z G W.eng
eO[ WcQ#UXQ¤gcWZeO[ Wc][d]pWcQ WcbjTVWWZbengf´]p [ji\eOWceu]p[e5gWcbdQ"gXTVY$QTpgf´]p[ji\eOWZeO]pM
[ J `T-]V_ O jeO[WcbdQ i\engXf´UXQ#WcQ
i\Q#z5T¤vf#TpgcQ F Q w f´Q#SdW.WZbjTVW.Wcbdp
Q j sTVz dQ¤gTVUXQi\'Q Ij[dQ¤i+i\e bAQ#UXQ#[ WczOv b jcg bdQ#]pUXQ#Y ª$SdUX]Vsme5i\Q¤g
TV[ TV[jTVzO] dQ]V_ bdQ#]pUXQ#Y neO[ O ·_¥]pUWZbQ f´]pUXUXQ¤gcSD]p[ji\eO[ i\e5gXf´UXQGWcQi\Q#znTvaY$]\i\Q#+z { [ WcbdQ
]pWcbdQ#UbjTV[ji F Q"gcbd] dz5i$TVzngc][]pWZQWcbjTVWhf´]p[ji\eOWceu]pM
[ J W`TengQ deOsTVzuQ#[\WWc]Wcbd<Q pQ#[dQ#UXenf.f´]p[ji\eOWceu]p[
!&'
n hbdQ#[]p[dzOv$W#]$Sj]pSznTVWceu]p[DgTVUXQ"eO[\sp]pzuspQ¤i$eO[af´]pYSDQ#WZeOWceu]p[bjgcbdQ#]pUXQ#Y ªeO[jf´zxji Q g
WcbdQ"YTVeO[UXQ¤gdzOW|g]V_ bQG]pUXQ#YghªTV[Di eO[ O p2
bQh[d
Q wmW·UXQ g zuW^gcb]C.g(WcbjTVW-Q#spQG[9rbdQ#[ f´]p[ji euWceu]p[dJµª`T
_µTVeuz5g F WcbdQyf´]p[jf´zjgceu]p[]V_VbdQ#]pUXQ#Y
ªgcWceuzOz-bd]pznig.e_hWcbdQi\Q#z5T¤vpQ#UX[dQ#z5g 6 " c< "Y$] i\=e IjQ¤ioWZ]eO[jf´xz Di\QWZb~Q hTpgcb] dW._µTpf´WZ]pPU JT
WcQGUXY WZbjTVcW <Q heOzOzAY TVpQ1ftzOQ¤TVUh[d] <T^TVUXQ1ftzO]mgcQWc]$Q Tpf±b]pWcbdQ#UheO[ X Z O F" Q T
[d]pUX@
Y f
] jQ1Y$]pUXQ
SdUXQ¤f´engcQ F zOQ#W jg-i\'Q Ij[dQ F _¥]pUTV[\vUXQ TVz\[ dY jQ#U A TV[Di_¥]pUTV[\v < "WcbdQ_¥]pzuzOC] reu[ jTV[\WceuWwv
J ST
JT
J T
hbQGUXQ E
E "
e5gWcbdQd[de dQ1gc]pzxdWceO]p[]V_
o X Z
J `T
ml V J T?"
$
f$ V
\rzngc] F _¥]pU.T$ft]p[\Wceu[d
] Dg9,_ d[DftWceO]p[ 6 9L T L reuWcb
* 6
J T
Z E J T % * / JDUT <
J2F"
T
k
k G
JDUT989U B
"Q
gcQ#W
6 DJ UT 98 US"
hbQGUXQ e5g9WcbdQheO[ji\QwgcQ#W i Q6ID[dQ¤ieO[PJµW`T F E ne g9WcbdQr[3Y7DQGU peuspQ#[ v9JX `T(TV[ji WZbdQ-_,[jf´WZeO]p[
/ 9L K
T L engri\Q'Ij[dQ¤iP\v
f$ o Z
X J T
JDUT1
l
V
/
X ^ JDUTI" U`<>L " < G
/
V
7Qh[d]pWcQhWcbjTVWWcbdQr,_ d[jf´Wceu]p[
[ Jµ T(bjTpg·WZbQhSdUX]pSDQ#UXWv"WcbjTVW * / JDUT989U BG
/ Tpg-i\'Q Ij[dQ¤i eud
b jgReuWf#TVF
[ jQ$s?euQ Q¤i Tpg1T+pQGUX[QGz·WZbjTV9W 574; DR'WcbdQ$pQ#UX[dQ#z 6 Wc]eu[Dftz ji\QWZbQ~hTpgcb]dW
_µTpf´WZ]pU - )3/ _ G17Qyf#TVzuz / J,UT$Wcbd8Q EO$6)20";6">-`6$6!'f´]pUXUXQ¤gcSj]p[ji eu[ .Wc]"WcbdQ J¥Sdb\v\gcenf#TVLz T3i\Q#znTv
pQ#UX[dQ#z 6 JDUT?G
7Q"f#TV[[d
] &gcWXTVWcQ"WcbdQ._¥]pzOzu] heO[ UXQ g zuW em(gihCm RAR6035*@),&(")j Z k G !&6 6E6$'> (4R6)+E @R640)24 :Jih
AT 4 R6")2R
ARazOeOY * :Jih
AT Z " G$H4EO;#;@)L&("))L&6$A8 CR6)LRU"N%4)2040`R 60G%)24 6 SL T
L )L& zOeuY '
J
ATy "; * 6 JDUT989U` R60%'&@)L&(") j
k J Z T 64$", < G
Z
* 6
'
) m th Wf#TV[ jQ$gcQGQ#[l_¥UX]pY J TyTV[DF
P
i J `T.WZbDTVW J T i\Q#SDQG[Didgf´]p[\WZeO[ d] jgczOv]p[
A FG$`]pUXQ#]VspQGU F euWe5gi\Q¤f´UXQ TpgceO[ PreuWcb'TV[ji7gXTVWcenHg IDQ g J+`T j TV[ji J[Q T _¥]pU
p
Ä
Q¤TpfXb < GbdQ#UXQ´_¥]pUXQ F e _ e5ghgcYTVzuz F WcbdQ#[ f´]p[ji\eOWZeO]p[ j Z k J T_¥]pUTVzuz < reuzOzA_¥]pzOzu]
_¥UX]pY WcbdQ8pQ#[dQ#UXenfTpgXgdY$SdWceO]p[FJµ5ST [oSjTVUXWcenf'dz5TVU F e _ WcbdQdEO$6)20":;6">*-(6$6V6WR / ">< "
TVUXQf´zu]mgcQrWZ]Q Tpf±b$]pWZbdQ#UeO[YX Z O F" Q T
[d]pUXY F \vfXbd]?]mgceu[ 6 JVTWc]7DQTV[\v]p[dQ.]V_(WZbdQ / JVT?"
eOW_¥]pzOzu] yg _¥UX]pY Jµ TWZbDTVW Z heOzOz1jQagcYTVzOz TV[ji WcbdQb\vmSD]pWZbdQ¤gcQ¤g]V_UbdQ#]pUXQGY heOzuzcjQ
gXTVWcenHg IjQ¤!i { dU8Ij[DTVzUXQ gzuWf#TV[ DQ TVSdSzueOQ¤iFrbdQ#[ WcbdQ+[3Y7DQGUtg J \ $ ST(JD $ V T?" p< "TVUXQ
D]d[ji\Q¤i TV[ji ftzO]mgcQ$WZ]oQ¤TpfXb ]pWcbdQ#U_¥]pUz5TVUApQ \ gM
]agcW|TVWcQ+WZbdQUXQ gzuW F Qi\Q'Ij[dQ F _¥]pUTV\
[v
b
eO[ WcQ pQ#U \ Ay TV[jiTV[\v$UXQ¤TVzA[3Y7DQGU V F"
$
$ &"
J®`T
/
/
$
$
\
\
hbQGUXQ WZbdQ1eO[ji\
Q wgcQGW e5ghTp[g jQ´_¥]pUXQ F TV[ji _¥]pU.Q Tpf±b < "
\ $
\ $
/ $ V " / $ V "
J
T
/ "
/ "
E J T J T$ ) Z J T $ YT w J T "
E e5gipeuspQ#[\vJXW`T TV[ji i\Q#[d]pWcQ¤gAWcbdQJ,pzO]jTVzLTj~AeOSjgXfXbdeOWhg f´]p[jgcWXTV[\Wj]V_ J T]p["WcbdQ-eu[\WcQ#UXsTVz
O F" ,G.r]pWZQ1WcbjTVWWZbQ"[dYjQ#U e5g-WZbQY$Q TV[+]V_3WcbdQs?euUXWjTVzAi\Q#znTv$pQ#UX[dQ#z / J,UTI""TV[Di$euW
/
Y$] i\=e IjQ¤g.WcbdNQ J Sdb\v gce5f#TV,z TrYQ¤TV[7i\Q#znTv ]V_ 6 JDUT7WZ]+eO[jf´zxji QWZbdQ9hTpgcbd]WyUtTVWcQ G [ WcbdQ
gcQ dQ#z F Q f#TVzOz / WZb7Q EO$6)20"5*#"M;6=">"]V_ / JDUTIG
em(gihCm RAR6035*@),&(")j Z k G !&6 6E6$'> (4R6)+E @Rb 640)24 :Jih
AT 4 R6")2R
ARNzueOY * :Jih
AT Z " G$#4EO;#; )L&(") )L&6$DPCR6)" V ";M"F) 6$ \ A
' k J T 64$8", < G
R60%'&N)L&(") j
Z
) m th \cmTVeO[ F i dQ1WZ]WZbdQf´]p[\Wceu[ deOWv$]V_ J Teu[ c
P
AY TV[jii dQ1Wc]WZbQ1_µTpftW WZbjTVW
J+`T` j A j Z _¥]pU A F"e _QGeOWcbdQ#UWZbdQ$]pUti\Q#Utg \ ]V_hWcbdQ$pQGUX[QGz5g 6 " d< "TVUXQ$z5TVAU pQ
TV[jioWcbdNQ EO$')203"5P#"Q;6">SR / TVUXQ j] d[Di\Q¤iaTV[ji7f´zu]mgcQWZ]Q¤Tpf±b ]pWcbdQ#U F ]pU1e_hWcbdQ$smeOUXW jTVz
Y$Q¤TV[ i QGz5Tv g / TVUXQgcYTVzuz _¥]p<U IGw?Q¤i7]pUti\Q#Utg \ J¥[d]pW[Q f´Q¤gXgXTVUXeOzuvz5TVAU pQ T F \v fXb]m]mgceO[ WcbdQ
SjTVeOM
U J \ " V TWcU] DQTV[\v"]p[dQr]V_ J \ " V T?" < "eOW^f#TV9[ jQ.gcQGQ#[_¥UX]pY J ®` T9WZbDTVW heOzuz DQygcYTVzOz
TV[ji+gc]WcbdQ1b v?Sj]pWcbdQ¤gcQ¤g]V_ bdQ#]pUXQ#Y W8heOzO!z jQgXTVWZe5Hg IjQ¤!i ´Ä Ä
)Pm th [WcbdQgcW|TVWcQ#YQ#[\Wh]V_1bdQ#]pUXQ#Y ª F eOWRgcb]dzni jQ[d]pWcQ¤i+WZbDTVWye _WZbQeu[ji Qw+gcQGW
eng Q#Y$SdWv F e2 Q j
A _¥]pUTVzuz cA F"WcbdQ#[ ft]p[Di\euWceO]p[ J `T.eng [d]pW[QGQ¤i\Q¤ioeO[ bdQ#]pUXQ#Y
ª-kmeuY$eOznTVUXzOv F e _ F".f´]p[ji\eOWZeO]p[fj Z k J Z T]pU j Z k J Te5g-[d]pW[dQ#Q¤i\Q¤i$ eO[ bdQ#]pUXQ#Y g
TV[jiaWd]p Uf´]p[\spQ#[deuQ#[jf´Q F WZbUX]pbd]dW F Q$Tpi\]pSdW.WZbQf´]p[\spQG[\Wceu]p[WcbjTVW e _
k9"TV[ji
e_9WZbQ"eO[ji\QwgcQ#W = engQ#YSWv\rzngc] F T$f´]p[ji\eOWceu]pP
[ reuzO!z DQ"Wcbd] pb\W]V_
TpghTVzhTv g1DQ#eu[gXTVWcengHIjQ¤i$e _euWreu[\sp]pzOspQ¤gTV[eO[ji\Qw ;<>= rbdQ#UX(
Q = engWZbdQ1Q#Y$SdWvgcQ#W 7Qft]p[Dftzji\QrWZbenggcQ¤f´WZeO]p[P\v[]pWZeO[WcbjTVW bdQ#]pUXQ#Y g- TV[ji$ TVUXQ.[dQ TV[Di$SjTVUXWcenf'dz5TVU
_¥]pU.WZbQi\e5gcWZUXedWcQ¤ii QGz5TvY$] i\Q#zJX5ST F e5TV[ji+[d]gceOY$euz5TVUhUXQ¤gdzOW|g.gcQ#Q#Y Wc]PDQT¤sVTVeuz5TdzOQ_¥]pUWcbdQ
i\e5gXf´UXQGWcQ"i\Q#z5T¤v$Y$] i QGz5g g m+1 m(}e:uk}tl.m ts
[Wcbde5g^gcQ¤f´Wceu]p[ F QgcW Di\vT1UXQ#z5TVWZQ¤igcv\gcWZQ#Y ]V_3]pUti\eO[jTVUXvi\e=b Q#UXQ#[\WZe5TVzdQjTVWceO]p[jgTV[jiSdUX]VspQ
gcQ#spQ#UtTVzdWZQ¤f±bd[de5fGTVzzuQ#Y$YTpgi\Q¤gXf´UXxe deO[ "gc]pY$Q jTVzOeuWXTVWceuspQ.SdUX]pSDQ#UXWZeOQ¤g9]V_(Sj]mgceOWceuspQgc]pzdWZeO]p[jg9]V_(WcbdQ
{ P<^^g.gcv\gcWZQ#Y@<bdQ¤gcQzOQ#YYTp[g heOzu:z D8Q jgcQ´,_ dz(eO[aWcbdQSdUX]?]V_µgh]V_-WZbdQYTVeu[+WZbQG]pUXQ#Yg.gcW|TVWcQ¤ieO[
WcbdQ"SUXQGs?eu]DggcQ f´Wceu]p[ ~AQ#W A=* jQhT.SD]mgceOWZeO spQ^eO [\WZQ pQ#U F 9L T L DQhT.f´]p[ WceO3[ ] jg,_ d[jf´Wceu]p[ heOWZb J
AT T
Tpgc
T Q F TV[Df
i " " V " \ "3 j "9 "C; < =J TI"8DQWcbdQgXTVY$Q Tpg.eO[aSUXQGs?eu] DgygcQ¤f´Wceu]p[jg 7Q
f´]p[jgce5i\ Q#U^WcbdQ._¥]pzOzu] heO[ Z J \ $ `T3
i\eOY$Q#[jgceu]p[DTVz gcv\gcWZQ#Y ]V_3]pUti eu[jTVUXvi\=e b Q#UXQ#[\WZe5TVzDQ jTVWceu]p[jg
_¥]pU "C;Y<>=J T?" <>=J \ $ S T
J
AT J
DT $
JA
T J, $ V T Z J+`T $ J+`T
Z
n
J ST
X7Z
J
AT$
Z
J
AT!
V
)
Z
J
ATI"
Z
Z
J AT$
J
AT
"
A F G
7Q<heOzOzA]p[dzuv9DQeO[ WcQ#UXQ¤gcWZQ¤ieu[gc]pzdWceu]p[Dg-]V_ J nST·_¥]pU A Wc bjTVWygXTVWcengw_¥v Z Z J
AT$
J
AT A
FG(
k jf±b gc]pzdWceu]p[DgheOzuzcjQi\Q#[d]pWcQ iQ\v J
AT J
DT _¥]pU ; <f=J T TV[ji a
F"¤B
"AF"HGGG" \ $ B " A FG:7QfGTVzOzmg jb f±b"Thgc]pz dWceu]p[]V_J nSTjTrSD]mgceuWceOspQ^gc]pzxWZeO]p[e _ Q¤TpfXbf´]pYSD]p[dQ#[\W
U FG-v TV[ TVAU dY$Q#[ WgceOY$euz5TVUWc]WZbjTVW _¥]pU~AQ#Y$Y Td5eO[
J
AT7]V_ J
AT7e5gSD]mgceuWceOspQ_¥]p
O p F Qf#TV[agcbd] WZbDTVWQ#spQGUXvg jf±b gc]pz dWceu]p[]V_ J 5S TheOWZboSj]mgceOWceuspQeO[deOWZe5TVz3idTVWXT$e5g.T$Sj]mgcb eOWceuspQ
gc]pz dWZeO]p[ W_¥]pzuzO] yg-Q¤TpgceuzOvWcbjTVWhQ#spQ#UXv$Sj]mgceOWceuspQ"gc]pz dWceu]p[ J
AT+]V_ J nS T-en[g j] [ji\Q¤i$_¥]pU FG
Ä
bUX]pbd]dW-WZbengrgcQ f´Wceu]p[ F Q"TVzxhTv grTpgXgdY$Q.WZbjTVWrWZbQ._¥]pzuzO]heO[f´]p[ji\eOWceu]p[e5ghgXTVWce5gHIjQ¤i
j
J `T
[+WZbQ
kaj aj pj
Z
k G
f#TpgcQWcbjTVW =B"1ft]p[Di\euWceO]p[MJ¥W`T^e5ghgceOY$SdzOv j Z k G
7Q<D
Q peO@
[ heOWcbWcbdQ _¥]pzuzO]Creu[QGzOQ#Y$QG[\WXTVUXv9dW1jgcQ´_,dzAUXQ¤gdzOW
m t 6)>9L T L ?'"K?40;#;d; U'$A6)2"(? 60G%)24 2 zOeOY * J
AT CR6)LR ) 9";P)L&<;6$6ES")+E 60G%)24 J
AT RU0 64$65>P%4)20B
'
40`RU4 L
"9)L&6zOeuY ' * J
AT FG
2 zueOY * J
DTy;4CDR~4)CR6))L&6F)L&6$D~ CR6)cRO 0i6G%'AR&E
J
Q ";nE U`J
Q
'
zOeuY
*
z OeuY
R60%'&N)L&(")
J T
,J UT
*
zOeOY g dS J
AT?" J
<T]F"
zOeO'Y ue * [\_ J
ATI" JDU<TY]FG
'
*
7Q.UXQGYTVUXWZbjTVWWcbdQIDUtgcW^SjTVUXW-]V_3WcbdQ.zOQGY$YT1e5gidQ.WZ]TVUATV z5TVW OO TV[Di$euWe5ggc]pY$Q#WZeOY$Q g
UXQ´_¥Q#UXUXQ iWc] TpgrWcbdQ"$?" ")c6557"1eu[+WcbdQzueOWcQGUtTVWdUXQk?QGQ OOA_¥]pUyTSdUX]?]V_ 1bdQgcQ¤ft]p[Di+SjTVUXW
e5gSdUX]VspQ¤ieO[ Ou´ ^TV[DiabDTp<g DQ#QG[ f#TVzOzuQ¤ioWZbUQ .10%)20")+4Q6557"9bde5g zuQ#Y$Y9T heOzu/z j9Q jgcQ´,_ dz F
gceO[jf´Qe_ J
ATe5gT Sj]mgceOWceuspQhgc]pz dWceu]p[]Vf_ J¥ 5S T F WcbdQ#[$Q Tpf±bf´]pY$Sj]p[QG[\W
]V_ Wcbde5ggc]pxz WZeO]p[spQ¤f´WZ]pUTV[ji
eOW|gi QGUXeOsTVWceuspQ1,_ [jf´WZeO]p[ae5g.9T d[de _¥]pUXY$zuvf´]p[\Wceu[ d] jg ,_ d[jf´Wceu]p[o]p
[ L TV[Dia~AQ#Y$YT nf#TV[ jQ
TVSdSdzOeOQ Vi
]gcQ#QWcbdeng F [d]pWcQWcbjTVWTVzuz9]V_^WcbdQf´]pY$Sj]p[dQ#[\WXgh]V_-WZbde5ggc]pz dWceu]p[spQ¤f´WZ]pU1TVUXUQ D] d[ji\Q¤i
_,d[jf´Wceu]p[Dg]p[ L bdQ#UXQ´_¥]pUXQ F TVzuz]V_(WZbdQ#eOU i QGUXeOsTVWceuspQ¤g-TVUXQyf´]p[\WZeO[ d] jgTV[D8i D] d[ji\Q¤i ,_ d[jf´Wceu]p[jg
]pm
[ L F Tpg1WcbdQ#v TVUXQ i 6Q ID[dQ¤M
i \Q
v J¥ 5S T -v7WZbQ`Q¤TV
[ ^TVz dPQ bQG]pUXQ#Y F TVzuz-WZbQf´]pYSD]p[dQ#[\W
_,d[jf´Wceu]p[DgTV UXQWZb jg.~euSjgXf±bdeO5W gf´]p[\WZeO[ d] jgrTV[jibdQ#[jf´Q d[de _¥]pUXYzOvf´]p[\WZeO[ d] jg .r]pWZQ$WcbjTVWQ¤TpfXb
_,d[jf´Wceu]p[ " ;><W=J TI"oen9g [de_¥]pUXY$zOv f´]p[\WZeO[ d] jg]p[ O F" ( W$_¥]pzuzO] yg_¥UX]pY J nS TWZbjTVW
WcbdQi\Q#UXeusVTVWZeOspQ]V_^Q¤Tpf±b f´]pY$Sj]p[dQ#[\Wh]V_-WZbdQ$gc]pxz WZeO]p[spQ¤ftWc]pUe5gi\'Q Ij[dQ¤iTpg.WcbdQg dY F i\=e b Q#UXQ#[jf´Q F
SdUX]\i jf´W"TV[jioft]pY$SD]mgceuWceO]p[a]V_ d[de _¥]pUXY$zuvf´]p[\WZeO[ d] jg,_ d[jf´Wceu]p[jg TV[jiobdQ#[jf´Q F eng1TVzngcd
] d[de _¥]pUXY$zuv
f´]p[\WZeO[ d] jg bdeng-zOQ#Y$Y T bjTpg-Sdz5TvpQ i$TV[eOY$Sj]pUXWXTV[\WUX]pzOQheO[WZbQ"TV[jTVzOv gce5g]V_3f±bdQ#Y]mgcWXTVW-Y]\i\Q#zng
JgcQGQ OO
F F p ,TA
f jQ#bjTsmeO]pUh]V_WcbdQSD]mgceuWceuspQgc]pz dWZeO]p[jg]V[_ J 5S T h~Q#W J
AT
7Q"[C] gcW ji\vWcbdQTpgcvmY$SdWc]pWcen_
J
DTQDQ g DfXbTV[TVAU deOWZUtTVUXeOzuv
v IGwmQ¤i+gc]pxz WZeO]p[ :7Q i 6Q ID[dQ
zOeuY eO[\_ J
ATI"
zueOY g dS J
ATI"
'
*
'
*
hÄ
_¥]pU ;Y<>=J TlTV[Di F"¤B"AF"GGHG " \ $ BGU\.g[Q"TVUAdQ¤iPDQ´_¥]pUXQ F TV[ji TVUXQ"TVzOziIj[deOWZQ
[d ]p[d[QmTVWceOspQ"[dYjQ#Utg [WcbdQ1_¥]pzuzO]heO[W#]$zOQ#YYTpg F QUpeOspQgc]pY$Q"Q¤gcWceuYTVWcQ g_¥]pU TV[ji
m t 4$6E6$'>(;Y< =J TQ"; <>=J \ $ S T?"
l
!hCg
o
V
n$
V
TV[Di
zOeOY
-vMJ nST F Wcbde5geOY$SdzueOQ¤g-WZbDTVW
xrQ#[jf´Q F
zOeuY
!
hbenf±bzOQ¤Tpidg-WZ]
JDU
J,
T
V
A
kmeOY$euz5TVUXzuv F Q"f#TV[ gcb]C WcbjTVW
l
V
n$
bengQ gcWXTdzOengcbQ g-WcbdQ1zuQ#Y$YT
o
V
*
V
zOeuY
Io
ml
V
zOeuY
"
*
V
)
Z
)
A l
Z
)
)
JDU<T
V
f$
F G
A
V
)
o
V
$
ml
Z
~QGY$YTrn WZ]ID[jiTgcQdQ#[jf´Q
J,U <
T
Z
V
G
V
,J U T yFG
J,UT$
V
$
T
V
f$
<>=J \ $ST?"QTVSdSdzOv
V
l
o
1
T $
JDf$
*
*
T
gjf±bWZbDTVW
E U J Q
d]pUTV[\vIGw?Q¤i ;<>=J
g
o
V
Z
"
G
G
m
!hCg
g
t
-v~QGY$YT5 F WcbdQ#UXQ"Qwme5gcWXghT$gcQdQ#[jf´Q&E
4$#"(%'&
;<>=J T?" zueOY
*
_&("E
J
_T
"
zueOY
*
j G
J Q
gjf±bWcbjTVW
J
<T1yFG
Ä
.q gceu[NJ nST F Q]W|TVeO [
zueOY
zueOY
X7Z
®
J `T
*
r]pWZQ1WcbjTVW_¥UX]pY ~Q#YYT F
*
Z
J
_T
$ J
<T
X7Z Z J
<T Z J _T$
Z
T
zOeuY J
<
*
G
X7Z Z Q gjgcWZeOWdWZQ WZbde5geO[\WZ]dJ¥ª`T^Wc]$]dWXTVeu[
7
J
<
T
Z
X7Z
l
V
$
V
o X7Z
Z
G
o X7Z Z
G
l V
$
V
]F".WcbdQ#UXQ1eng[d]pWZbeu[Wc]$SdUX]VspQ µ _ ]
F".WZbQG[FJ T^eOYSzueOQ¤g-WZbjTVW
Io X7Z Z
l V
G
f $
V
-vTpgXgdY$SdWceO]p[MJ| T F Q"bjTspQ Aaj G
_ J T
bengf´]pY$SdzOQGWcQ¤gWcbdQ1SdUX]m]V_ 7Q[d] eu[\WcUX] ijf´QWcbdQ _¥]pzuzO]heO[[dQ sTVUXenTzuQ¤g
J DT
J `T
J
ATI"c
A F "
Oz euY g S J
AT?G
*
'
We5g ] s?eu]Dg.WZbDTVW
k Q G [7WcbdQgcQQGz F QfGTVzOz^TSj]mgceOWceuspQ$gc]pb zxdWceO]p[ J
ATo]V_UJ¥5STyT
R6)2"(%'-7R64=03)24$e _9_¥]pURTVzOz <>=J \
$ S T?" Z J
AT Z J
AT_¥]pUhQ#spQ#UXv FG7Q gcWji\vf´Q#UXW|TVeO[
Z
SdUX]pSDQ#UXWZeOQ¤g-]V_ WcbdQgcW|Tpf±gc]pzxdWceO]p[jg]V1_ J¥ 5S T^eO[WcbdQ1[dQ wmWr#W ]zOQ#YYTpg mb t 6)J
AT ?'@" (4R6)2EMR6)2"(%'- R640)+4 4 k j Z "F)L&6
FG
Z
! hCg g []pUti\Q#UAWc].] dW|TVeO[Thf´]p[\WZUtTpi\e5f´WZeO]p[ F TpgXg dY$QWcbjTVW Z yF"2e Q zOeuY eO[\_ * Z J
AT
'
^PR6
Q ID[dQ
b
Z $ Zo )Z X
J
AT V Z Z J
AT$
l
V
J
AT?" FG
Z
Z
V
Z
W_¥]pzuzO]C.g-_¥UX]pY
Ä#
n -WZbjTVW
J ST
J
DT
J T
V
Z
X
Z
hbQGUXQ
J
DT Z
Z
b
b
V
o X
$
l
V
Z
J
AT
Z
Z
J AT $
J
AT
B "
G
Z
r]pWZQ-WcbjTVW J
AT +_¥]pU9TVzuz FG-kmeO[jf´Q Z ]F"TV[ji1b gceu[DftQ J
AT"e5g(TSj]mgceOWceuspQgcW|Tpf±gc]pzxdWceO]p[ F
e2 Q F _¥]pU <>=J \ Z $ STI"F k Z J
AT Z J
AT_¥]pU^TVzOz F"^eOW
_¥]pzuzO]yg
WZbDTVWzueOY eO[\_ * J
AT
FG7QfGTV[oWZbQGUXQ´_¥]pUXQIj[DiTgcQdQ#[jf´QpE MJ
Q
gjf±bWZbjTVWr_¥]pU"TVzOz @ " J _T%Y' F"TV[jiTpg
@ T Q " J UT T TV[jigc] Z J _T T gceu[DftQQ k Z J <Tk I0 4 G
^
bQGUXQ´_¥]pUXQ F _¥UX]pY
J¥
T^eOW_¥]pzOzOC] .g-WZbjTVW
V
Z
hbenf±beOY$SdzueOQ¤g-WZbDTVW
Z
X
J <
T Z
Z
J
Z
_T J <
T$
J <
T
F "
-vTpgXgdY$SdWceO]p[MJ| T F Q"]dWXTVeO[
Z
Z
} ]p[DgcQ dQ#[\WZzOv F _¥]pUyTVzOz
J <
T
J
<T Z
$
J <
T
aml
J T
J <
T
$
J
V
V
Z
o X
Z
G
Z
aj Z G
J T
n$
@ "
j
J <
T1A
Z
Z
<T $
J T?G
dWrWZbdQ#[ F
f´]p[\WZUtTpi\e5f´WZeO[
m t
J T
zOeu Y gdS
A
*
J <
T1A
zOeuY
J
*
k j Z GbdQ#UXQ´_¥]pUXQ
6)
J
AT
j
Z
J
<T$
J _
T T
j Z "
TV[jiWZbdQ SdUX]m]V_e5ghf´]pY$SdzuQ#WcQ
J
b
F Z
?'"9R6)2"(%'-7R640)24M4
Z
j T k j "
Z
Ä
)L&6
!hCg
Z
g
b
y
";
64$8"LM;A
j Tk j Z G
J
b
";
bQGUXQ´_¥]p UXQ F \v ~AQ#Y$YT F Z FGP
] gc bd]
<>=J \ $ S TI"1Qh[QGQ¤i ]p[dzuvWc]1SdUX]spQWcbjTVW
heOzOzAWZbdQ#[+_¥]pzOzu
] _¥UX]pY ~AQ#Y$Y T
k dSSj]mgcQ.WcbjTVW y
(
_¥]pUhgc]pY$(
Q ;A FG-v
g jf±bWZbDTVW
zueOY J
_T "
*
zueOY
WrWZbdQ#[_¥]pzuzO]yg-_¥UX]pY
¥ 5 TV[ji+~AQ#Y$YT1 WcbjTVW
J ST
zueOY
*
J
T $ ~Q#YYT n F WcbdQ#UXQe5ghTgcQ dQ#[jf´Q&E
zueOY
J
<T
A Z
T Z
®
Z
Z
l
V
$
V
} ]p[DgcQ dQ#[\WZzOv F v TpgXgdY$SdWceO]p[KJX T F
J `T
Z
J _T$
*
J
<
T
G
o X7Z
Z
"
Aaj G
{ [WZbdQ1]pWcbdQ#UybDTV[ji F QfGTV[aTVSSdzuv~QGY$YTn T mTVeu[Wc]$]dWXTVeu[aT$gcQdQ#[jf´QaE U WcbjTVW
zOeuY Z JDUT Z " Oz euY Z J,U UT FG
*
J Q
J
<T1yFG
J
Z
*
X7Z
Z Z X7Z
o X[Z Z
l V
$
V
WZ bjTVW _¥]pU$TVzuz ; A TV[ji
] ¥_ ]pU^TVzOz ;A F"hgceO[jf´QWZbQRf´]p[jf´zjgceO]p[
beng[peuspQ¤g
F " B "AF"GGGH" \ $ B G
9eOUtgcW F Q [d]pWZQ1WcbjTVWy~QGY$YT1ªTV[DiTpgXgdY$SdWceu]p[MJ T^eOYSzuv$WcbjTVW
*
J Q
gjfXb
UX]pY
5 TV[ji+~AQ#Y$YTW F QbjTspQ
J ST
Z
zueOY
zueOY
A
Z
*
*
Z
Z
X
Z
l V$
Z
Z
JDU
Z
X
JDU<T
Z
A
kmeO[jf´Q
Ä
$ JDUT
Z
T
V
Z
Z
o X
Z
Z
Z
Z
Z
JDU
T
c
DJ U T
$
JDU
T
Z
Z
Z G
]
F".euW_¥]pzuzO]yg-WcbjTVW
Z
Z
c l
$
V
V
Z
o X
Z
G
Z
} ]p[DgcQ dQ#[\WZzOv F v TpgXgdY$SdWceO]p[KJX T F
J T
Z
c pj Z G
} ]pYdeO[deu[~J ®`TTV[ji ¥J T F TV[ji+TVSdSdzOvmeO[~AQ#Y$YTª F Q]dWXTVeu[
j j
Z
Z J j ?T "
Z
hbenf±b f´]p[\WZUtTpi\e5f´W|g.TpgXgdY$SdWceO]p[FJ¥ T 8bdQ#UXQt_¥]pUXQ F &_¥]pU"TVzOz
";Y<>=J T?"_QbjTspQ
y _¥]pU.TVzuz ;YAyFG
bengf´]pY$SdzOQGWcQ¤gWcbdQ1SdUX]m]V_ m
t
>Ay
6)
n
R60%'&N)L&(")
*
? >
JTI"
Z
RP)L&905~?'6$9; V#;
; A F Gkmeu[DftQy
?'U"@%4R6)2")R6")2R 6>C
zueOY gdS
'
&6$D
Z
J `T
l
f$ V
o X7Z
V
&6$A
Z
b
X7Z
Z
J
AT
$
"
F"@)L&6Q),&'$A@CR6)LR
JTFR8;!#;d
N";
<pECF"XF"HGGG"
J
Ä
!hCg g ¤Q f#TVzuz9WcbjTVW J
ATae5g.Ti\e=b Q#UXQ#[\WZe5TdzOQ._,d[jf´Wceu]p[aTpg.i\Q'Ij[dQ¤i+eO[FJ¥W`TAMWr_¥]pzuzO]C.g_¥UX]pY
J nS T-WZbjTVW J
ATagXTVWZe5gHIjQ¤g-WcbdQ gcv\gcWZQ#Y ]V_^i\e=bAQGUXQ#[\WcenTVzDQjTVWceu]p[Dg
J
AT J
AT $
J
AT
Z J
AT J
AT $ J
AT "
Z
Z Z
Z
Z
X
J
AT $
J
AT1 JDf$
T
J
AT?"
<>=J \ $ STI"
Z
Z
V Z Z
V Z Z ) Z
J npS T
J
AT J
AT $ Z J
AT! Z J
AT J
AT $ J
AT "
X7Z
J
DT J, $
T
J
DT $ V ) Z J
ATI" b ;A F" <>=J \ $ S T?G
V
~AQ#W EJ8 jQT peOspQG[$SD]mgceuWceOspQygcQ dQ#[jf´Q 9e wTV[\
v FG -v$~AQ#Y$Y T 5hTV[ji$TpgXg dY$SdWceO]p[
J n `T F QbDT¤spQ"TgcQ dQ#[jf´a
Q E
MJ Q g jf±bWcbjTVW_¥]pUyTVzOz @ "
J
TyF"
zueOY
J
T " zOeOY
*
>
hbQGUXQ
l
bQG[+eOW_¥]pzOzu]yg·_¥UX]pY
J 5pST^WcbjTVW
zOeOY J
T$
n
J `T
*
zOeOY
zueO Y
*
gdS * zueO Y gdS
X7Z
l
Z
T J
* "
$
$
"
$
o X7Z
V
$ V
Z
J T J
T
J
T k
X7Z
Z
X7Z
V
$
f
Z
J
<T!
o X7Z
J
<TIG
Z
Z
J
<T
Z
J _T$
J
<
T
$
$
* o V
l V X
$ zOeOY g dS
$
* V
l V o X
$ $
$ "
$
V
< E F"XF"GGHG" J engrfXbd]mgcQ#[gc]WcbjTVW_¥]pU.TVzuz ;Y< E F"|F"GGG" J9"
o
l V X
$
f$
V o X7Z
A l V
$ G
f$
C
Z
Z
C
Z
V
Z
Z
Z
Z
Z
hbQGUXQ
Z
"
Ä
_¥]pU$gc]pY$Q
-v f±bd]m]mgceO[TagjgcQ dQ#[jf´Qe _y[Q f´Q¤gXgXTVUXv F Q$Y Tv TpgXgYQ$WcbjTVW zOeuY * < ECF"XF
"GGHG " J9GbdQ#UXQ´_¥]pUXQ F zOQ#WZWceO[ T Q ue [ J n`T F Q]W|TVeO[ Z $ G
l V o X
Z
n$
V
b
kmeO[jf´Q
F"\F
v Jµ TyTV[jQ
i J `T F WZbdQ$T j]VspQeO[dQ jTVzOeuWwvvmeOQGz5idg Z A J T?"e2 Q Z J TI""Tpgri\Q¤gceuUXQ¤!i bengf´]pY$SdzOQGWcQ¤gWcbdQ1SdUX]m]V_ m t 0 4ROd)L&(") J
ATyR~"dR6)2"(%'-dR640)24 4 "; b &(4 ;R 64$9 R645*
%4R6)2") >
AyFGcj Z k J Tk 64$", >")L&6 Z "; y
64$8",M;YA "; ]F"¤B "AF"GHGG" b\ $ B G
! hCg g 7<Q IDb UtgcW gcbd] WcbjTVW Z FG-v+~AQ#Y$Y T1 F Wcbdengengrf´zuQ¤TVUXzOvWcUAdQe _ FGM[WcbdQ
f#Tpgc8Q hbdQ#UXQ
F"_QTVSdSdzOv~AQ#Y$YT
WZ]] dW|TVeO[ b J T+_¥]pUgc]pY$Q A]FG dW
j Z k J
T1k "gc]$~AQ#Y$Y T $T mTVeu[+eOYSzueOQ¤g-WZbjTVW Z FG [ s?euQ ]V_ ~A Q#Y$YTa W F eO[ ]pUti\Q#U$WZ] gcbC] WcbjTVW
z ; A TV[ji
_¥]pUTVzud
b F" B "AF"GGG" \ $ B
"9Q[dQ#Q¤i ]p[dzuv7SdUX]VspQ$WZbDTVW FG+(k SdSj]mgcQ F Wc]aWcbdQft]p[\WcUtTVUXv F WZbjTVW
FGUbdQ#N
[ \v~AQ#Y$YT \F WZbdQ#UXQQ w?engcWXg Ay g jfXbWcbjTVW
n#
J `T
Z
A J TIG
{ [WcbdQ1]pWZbdQ#UrbjTV[ji F TVSdSdzOvmeO[~Q#YYT n F Q"f#TV[*Ij[ji+TgcQQG[DftQaE UMJ
JDUT Z " zOeuY * Z J,U UT FG
-vWcbdQ_IjUtgcWQjTVWceu]p[+]V_J¥5pST TV[Di~QGY$YT1W F QbjTspQ
Z zOeuY Z J,UT$ JDU<T Z
*
zOeuY Z Z J,UT Z Z J,U UT J,UT$
*
X
A Z Z Z Z X
o X Z
A Z l V Z
Z SG
Z
n$ Z
b
V
kmeO[jf´Q Z F".WZbQ TD]spQ eu[dQ jTVzueOWceuQ¤geOY$SdzOv
o X Z
A l V Z
Z G
Z
$ Z
V
zOeuY
*
Z
gjf±bWZbDTVW
Q
JDUT
} ]p[DgcQ dQ#[\WZzOv F v TpgXgdY$SdWceO]p[KJX T F
n´
pj Z G
k J T _¥]pUTVzOz
A F"TV[ji gc] TV[jiWZbQ"SdUX]?]V_3e5ghf´]pY$SdzOQGWcQ
J T
-v b\vmSD]pWcbdQ¤gceng F
J n#`TA^xrQ#[jf´Q
j
m
n
J `T
t
Z
Z
Z
b
";
Z j Z l
Z
V
n$
Z
64$8"LM;AyF"
o
Z
V
"
Z
k F f´]p[\WZUtTpi enf´Wceu[
J T
STI"~)L&6
<>=J \ $
]F"¤B" F "GGG" \ Z $ B G
!hCg gb Q IjUtgcW"[ ]pWZQ$Wcbj TVW1_¥UX]pY WZbdQSdUX]m]V_h]V_y~QGY$YT+ F WZbdQ eu[dQ jTVzueOWvQJ¥5´Tbd]pz5idge _
FGkmeu[DftQ
_¥]pUQ#spQ#UXvW; A TV[ji &< =J \ $=STI"$euW1_¥]pzOzu]yg1i\eOUXQ¤ftWczOv
Z
_¥UX]pY i\Q'Ij[deOWZeO]p[MJ `TWcbjTVW ]FGxrQ#[jf´Q7J n´Tv?euQ#z5idg Z pj Z ".e2 Q Z A j Z G
{ [ WZbQ]pWcbdQ#UbjTV[ji F TVSSdzuv?eu[a~AQ#Y$Y T+ª F Q]dWXTVeO[ Z j Z GPbde5g1eOYSzueOQ¤g1WZbjTVW
Z j Z G d]pUXYdz5T7J n`T-[d] _¥]pzOzO]C.g-euY$Y$Q¤i\enTVWcQ#zuv_¥UX]pY ~Q#YYT1W
Z
bengf´]pY$SdzOQGWcQ¤gWcbdQ1SdUX]m]V_ ! hgg 1g h tkLu )Pm(szljOs
U
benggcQ f´Wceu]p[ eng$i\Q#sp]pWcQ¤i Wc] WZbQSdUX]?]V_"]V_"WcbdQ+Y TVeO[ UXQ¤gdzOW|g$gcWXTVWZQ¤iNeO[kmQ¤f´WZeO]p[ bdQ
SdUX]?]V_µg]V_ bdQ#]pUXQGYg5$TV[ji7WTVUXQgceOYeOz5TVUWZ]WcbdQTV[jTVzO]p]jg.WcbdQ#]pUXQ#Y g eO[ O p^TV[jiobdQ#[jf´Q
TVUXQ1]pYeOWcWZQ¤i! -Q´_¥]pUXQ8Q1SdUX]VspUQ bdQ#]pUXQ#Ygh ª F Q1YTVpQ gc]pY$Q] jgcQ#UXsTVWceO]p[jg _ j Z k "
WcbdQ#[ Q#eOWZbQGUWcbdQ$gcQGW N E c<&=J2 T?i cA TV[ji j k J F"]pU1WZbdQ#UXQQ w?engcWXg A F"
gjf±bWZbjTVW fECF"XF "HGGG" J M
[ hbDTVWh_¥]pzOzOC] .g F 8Q hUXeOWcQ e_ ~AQ#W :Jih
AT
J
DT?" Z J
ATI"GHGG" J
AT jQTV[7TVAU deOWZUtTVUXeOzuv IGwmQ¤iSD]mgceOWZeOspQgc]pxz WZeO]p[aTV[ji J
DTMjQ$i\'Q Ij[dQ¤iTpg
eO[ J2 ` TTV[ji J+ª` T 1 W_¥]pzOzOC] .g-_¥UX]pY J2 `T-WZbDTVW
n
J2 ST
J2 `T
J
AT _¥]pUygc]pY$Q"f´]p[\Wceu[d]jg _,d[jf´Wceu]p[
Z
J
AT
Z
X7Z J
AT $
J AT $J
AT?"
V
agXTVWcengw_¥v?eu[
J
AT
J
DT T
TpgK
T
X7Z J
DT $
J AT $J
ATI"
V
AyF"
Q G"~AQ#W
AyFG
Ä
kmeO[jf´Qnj A _¥]pUTVzuz>;`A $=B"9 vM bdQ#]pUXQ#Y 5$TV [ji7TV[ TVUAdY$Q#[\W"gceOYeOz5TVUWZ]oWZbDTVW"eO[
WcbdQSdUX]m]V_]V_bd Q#]pUXQ#Y n F zueOY * J
AT 'zOeOY * J
DT _¥]pUTVzuzd; A $ TV[ji
'
J
AT]FG k('DgcWZeOW WZeO[7J2nST^TV[DiNJ2W`T3eO[\WZ]9J+ T^TV[ji
]F"¤B"AF"HGGG" \ GbdQ#UXQ´_¥]pUXQ F zOeOY
*
Q#zueOY$eu[DTVWZ eO[WcbdQ<IDUtgcW Q jTVWceu]p [ F Q ' ]dW|TVeO[
J
AT J
AT $ J
AT?"
X7Z
J
AT JDn
$
0 4 $
T
J
AT $
J
AT
J
DT $
J
AT "
J2®`T X7Z Z^ '
V
V Z
Z
J
AT1 JD $ V T J
AT $ V ) Z J
ATI" ;<>=J TI" <>=J \ $ S T?G
P.'Q Ij[dQ
X7Z Z J
AT1 J
ATI" ;Y< =J TI"
J2 T
J
DT " yF"¤B "AF"HGGG" $ B G
J
AT1
J
DT$ X7Z
\
V
-v7Dgceu[J+ª`T F euWf#TV[~DQygcb]Cr[WcbjTVW J
ATY J
AT i\Q'Ij[dQ¤i8\vPJ2 T9e5gTSD]mgceOWZeOspQygc]pzdWceu]p[
]V_ WZbdQ { P_^^ggcv\gcWZQ#Y J¥5SThb eOWcb J
AT peuspQ#[ \v J2 `TA$`]pUXQ#]spQ#U F gceu[jf´Q$:Jih
AT e5g.SD]mgceuWceOspQ F
F" ;<>=J
TaTV[ji ]F"¤B" F"GGG" \ G km]eOW_¥]pzOzO]C.g-_¥UX]pY
J2 T
J
ATaTVUXQ"TVzOz(SD]mgceuWceOspQ._¥]pU b
WcbjTV
W Z J
AT Z J
ATo_¥]pUTVzuz d<=J \ Z $&ST7TV[ji FG8bdQ#UXQ´_¥]pUXQ F Tpf#ft]pUti eu[WZ]okmQ¤f´WZeO]p[
F J
AT Tpg"i\'Q Ij[Q i \F
v J+ Tye5g1T R6)+"(%-PR640)24]V_UJ¥5STA } zOQ TVUXzOv F TpgXgdY$SdWceu]p[QJ¥W`T.eng1TVzngc]
gXTVWcenHg IjQ¤!i 7Q"TVUXQ1[dC
] eu[TSj]mgceOWceu]p[+WZ]$SdUX]Vsp<Q bdQ#]pUXQ#Y ª ! hCg g1g h em(gihm 7_Q IjUtgcW[d]pWcQWcbjTVWhWcbdQft]p[Di\euWceO]p[ J `T-euY$SdzOeOQ g-WcbjTVW
j Y
T J
j Tk j Z G
b TV[ji
J
rSdSdzOvmeO[ a~AQ#Y$YTW F Q$]dWXTVeu[ Z
<>=J \ $ S T?G dUXWcbdQ#UXY]pUXQ F \v~AQ#Y$YTª F QbjTspQ
\
Z j Z l V Z
"
$ Z
V
_¥]pUyTVzOz yF" B"AF"GGG" \ Z $ BG Q¤fGTVzOzAWcbjTVW JA
T1 Z J
ATIGUbQGUXQ´_¥]pUXQ
X[Z
zOeOY Z J
DT Z Z j Z l V $ Z o X Z "
*
X
V Z
' zOeOY JA
T1
y
F"
&; >G
Z
* X[Z
'
Z
o
_¥]pUTVzuzd
F
W; TV[ji
6
{ [ WcbdQ]p WZbQGUbjTV[ji F gceO[jf´Q j A _¥]pU ; A >"dQaf#TV[ TVSSdzuv bQG]pUXQ#Y n WZ]N]dWXTVeu[
zOeuY * J
AT _¥]pU1TVzuz $& ; G`]pUXQ#]VspQGU F Tpg. eO[7WZbQSUX]m]V_^]V_ bdQ#]pUXQGY,W F Q
bjTsp'Q zOeOY * J
DT _¥]pURTVzOz ;AYF" F" B"AF"GGG" \ G8bQGUXQ´_¥]pUXQ F euWr_¥]pzOzu]yg_¥UX]pY J2nST
WcbjTVW '
zueOY J
AT zueOY X Z J
AT $ Z J
AT *
'
*
'
} ]p[DgcQ dQ#[\WZzOv F
Oz eOY :Jih
AT1
*
TV[jiWZbQ"SdUX]?]V_3e5'gh f´]pY$SdzOQGWcQ
V
Z
J
AT $
zOeuY 7X Z * '
zueOY Z J
DT
*
' Z
J j Z Tp
j
V
J
AT
j Z" j Z l
V
$
f
G
Z
o X
Z
V
Z
"AF"HGGG"A Z
Z
"
]SdUX]VspQ<bdQ#]pUXQ#Yg TV[ji+W F Q<heOzuzA[QGQ¤iWZbQ_¥]pzOzu]heO[W#]zuQ#Y$YTpg
m
t
?40;#;@";
6)
L
* J,UT98:U
zOeuY gdS
L
T
";
kpQ ")L&6
L
L
T
?'N%4)2040`R 60G%)24R
*
%('
JD+ T
J
+ T989+ zOeOY gdS J
ATF% J,U T#8:USG
*
*
)3*
'
'
!hCg g ~AQ#b W gdS b JA
T?GMµ_ yF".WZbdQ#[MJ25STbd]pznig-WZUXeObsme5TVzuzOv-km]eO[PrbjTVW-_¥]pzuzO]yg
TpgXgdY$Q FG~Q#W ' jQ_peuspQ#[/ QfXb]m]mgcQ J T gDfXb+WZbjTVW
J2 `T
%
bQG[dQbjTspQ
% '
)*
!J,+ T
%
J2 T
%
k %
*
J,UT98:U
k
*
%
*
J
+ #T 8:+ %
J
UT
J,UT98:U
$ %
J
UT
J,UT98:U
$
J
UT
J,UT98:U
$
UT
J
*
J,U T#8:USG
%
*
*
JDUT989U
UT
!J
%
JDUT989U
JDUT989USG
JDUT989U
R
F Q
b
~AQ#Wa_J T jQgjf±bWZbDTVW_¥]pUyTVzOz A " J
UT N
k zueOY gdS
U`<dO F" DG WrWZbQG[+_¥]pzOzO]C.g·_¥UX]pY J+ T^WcbjTVW_¥]pUyTVzOz A "
'
%('
)3*
!J,+ T
k %
+ 9T 89+
J
\l zOeuY g S
J
AT$
*
g dS $ o
k ldzOeOY
'
o
*
%
J AT
JDUT989U
$
_¥UX]pY rbdenf±bMJ2 `T C
mb t 6)K9L
L
T
J
\ A F "
Z
T
64$U"L
®
X
J2 `T
~AQ#W
g
b
hbQGUXQ
U
XcJ T
"F
A
Z
UT J
"
X
JDUT
X
0 (4RO8)L&(")
V X
]Z U
J
X
'
JDUT989U
k
V
DQ peOspQ#[9eO[ji
a<J \ " 9" iT YTwJ
*
iT
X - )3^ "
_
b
\
$zOeOYb R60%'&d),&(")
!&' 64$U">
T
JDUT989U
X
?G
J
y <
%
T !XcJ T 9";
'
&6$D
!hCg
Z
zueOY gdS % * *
J2 T
XcJ T
?" I"
J
\ $
$
\
% *
k
%
XJ T
%
J
UT J
UT *
J
U J
X
T
X
J,UT98:U
X
XJ T1yX
";
";9">9) '$
7gjfXbWcbjTVW_¥]pU 1A
J T?" iT
"
"
JDUT989U
$ 9G
64$7'E6$6>
G
,J U #T 8:U $F % * DJ UT989U
iT
"
g S
J
ATIG^r]pWZQWcbjTVW_¥]pU A TV[jiU <dO F" D"QbjTspQJ
'
Gr]pWcQ"WcbjTVW * J,UT98:U` BG<bengeuY$SdzOeuQ¤g-WcbjTVW_¥]pU.TVzuz Ay "
X
% * J
UT J,U T#8:U J
iT X
_¥]pUhQ#spQ#UXv
C
JDUT989U
?'<"P?40;#;@%4)2040`R 60G%)24
F"7)L&6$D7CR6) (
4R6)2E70359?'6$AR
J
T J,U T#8:U
*
·_¥]pzuzO] .ghTV[jiWcbdQSdUX]?]V_ e5ghf´]pY$SdzOQ#WZQ
'
*
%
J
AT$
*
R
X
UT J
iT
~AQ#Wc=
*
U 7Q1UXQhUXeOWZQWcbde5ghTpg
JDUT989U#GU
X
= %
l %
J UT %
X
* o
*
JDUT989U
$ %
J,U T#8:U
X
J,U
l3%
rSdSdzOvmeO[eO[\WZQpUtTVWceu]p[* v$SjTVUXWXgUXQ#SDQ¤TVWZQ¤i\zOv F Q"bjTspQ
iT
%
X
JDUT989U
* o
U X
JDUT989U#G
\
*
J ]T
% JDUT989U %
"
JDUT989U - )3^ X V
X
X
Z J i] T
*
% U JDUT989U %
G
U JDUT989U - )3^ X
V
X
X
xrQ#[jf´Q F
ST X ] Z - )0 Z 4 G
J \ $ ST
ST
X
-vkmWceOUXzueO[ g·_¥]pUXY7dz5T9JµgcQ#Q Ou F bQG]pUXQ#Y F SdS`T F WcbdQ#UXQ1Qw?engcWXgM
]
\ $ o X Z - "
J $ ST :J $ ST l
= !J
V
iT
] Z
X
- )^
\ $
J \ $
\
\
TV[ji+gc]eOW_¥]pzOzu]yg-WcbjTVW
!J
= \ $
:J
-
ST
- )
k
X
k=
gjfXb+WZbDTVW
"
X \ $
ST
b
hbQGUXQ e5gWcbdQf´]p[jgcW|TV[\W1peOspQ#[N\v@J+ª`TA } ]p[DgcQ dQ#[\WZzOv F _¥]pUyTVzOz A "
% * J
UT J,U T#8:U J
iT k XcJ T $9G
X \ $
X
bengeuY$Y$Q¤i\enTVWcQ#zuvzuQ¤TpidgWZ@
] J2 TTV[ji+ft]pY$SdzOQ#WZQ¤gWZbdQ1SdUX]?]V_ )Pm th bdQf´]p[ji\eOWZeO]p[a]p[ eO[aWcbdQT j]VspQzOQGY$YTeng.gXTVb WcenHg IDQ ile_ e5gf´]p[ WceO[3]jgczuv
i\e=b Q#UXQ#[\WZe5TdzOQhTV[ji zOeOY g dS * J
AT XG [_µTpftW F _¥]pU^Q#spQ#UXv F"1QYT¤vf±bd]m]mgcQ XJ T
'
X $9"TV[ji+TVSdSDQ¤TVzAWZ]$WcbdQ `lQ¤TV[ ^TVz dU
Q bdQ#]pUXQ#K
Y k
\ $
:J
7Q[d] peuspQ1WZbQSdUX]m]V_µg]V_bdQ#]pUXQ#Yg $TV[jiW
b
!hCg g g e m`gGhm \.g9eu[WZbQSdUX]m]V_j]V_bQG]pUXQ#Y® F eOW^g af´Q¤g(Wc]gcbd]C WZbjTVW Z
TV[ji &_¥]pU"TVzOz n; TV[ji F"¤B"AF"GHGG" \ $&BG Q f#TVzOz9WZbjTVW J
ATae5gT
cg WXTpfXgc]pzdWceu]p[]V_J¥5STA -v~Q#YYT F euW-eng-gaf´euQ#[\W9WZ]gcb]C WcbjTVWJ¥5`T(bd]pz5idg _¥]pU hbQGUXQ
A e5gWcbdQ f´]p[jgcWXTV[\Whi\Q'Ij[dQ¤i$eO[FJµW`TA
]Wcbde5gQ#[ji F Q_IjUtgcW-[d]pWZQ1WcbjTVW
Z
n$ o Z
l $ V o X7Z Z X7Z
l
J
AT
J
AT
V
Z
X[Z
V
V
Z
$ o X7Z
l
J
AT %d' V
J
U T 6 J,UT98:U
Z
"
V
J2 T
$ % ' J
UT 6 JDUT989U
% ' J
UT 6 JDUT989US"
JD
T $ d
hbQGUXQ
J ATengri\Q'Ij[dQ¤iTpgreu[ J `TTV[ji
$ o Z
f
X7Z
JA
T1ml
J DT % ' J
UT 6 JDUT989US"
V
V
; ]FX" F"GHGG" >G [NrbjTVW-_¥]pzuzO]yg F Q"gcbd] WcbjTVW_¥]pUyQ¤Tpf±b a;>"
_¥]pU
n
zOeuY gdS
J2 `T
'
*
J
AT
E
J
T %
*
/ ,J UT 6 DJ UT8:US"
hbQGUXQ E e5gpeuspQ#[P\vNJXW`T^TV[ji / e5gWcbdQ8EO$6)20"!;6">v-(6$6V6mi\Q'Ij[dQ¤iTpg-eO[MJ®`TA [ji\Q#Q¤i F
\9
v jgceu[ WcbdQQjTVWceO]p[jgeO[ J2ª`T TVj[ i J+ T F Q1]dW|TVeO[
$
Z
J
AT
J
AT$ J
AT V X7Z
7
X
Z
V
0
)
4
6 JDUT989U J2`T 6
X[Z Z ^ ' _ Zf$
f$ V X7Z Z J
AT $ V X7Z Z J
AT
X7Z
V V
J
UT $ X7Z J
U T 6 J,U T#8:U
/ ^ J
U T $ X[Z Z ) Z J
X7Z ^ Z
Z
J
UT! J
U T 6 JDU T989U J+`T 6 J
AT
n$ V Z JD
T %(' J
U T $ X7Z
X7Z Z V
% ' J
UT $
npST
J2
%d'
% '
% '
J
AT
U
T
6 ,J UT98:U
0 ) 4 6 ,J U #T 8:U
^' _
Z
$
X7Z
Z
X[Z J
AT
% ' J
UT! J
UT 6 JDUT989U
V
$ *
J
AT $ %
J
U T
J,UT 6 JDUT 8:U
J
UT V X7Z Z X7/ Z ^
V
Z
*
J+`T 6 J
AT %
J
U T! J
UT7 6 J,UT98:U
* ' J
AT $&%
J
U T J
UT / J,U T 6 JDUT 89U
*
J+`T 6 J
AT %
J
U T! J
UT 6 J,UT98:US"
' hbQGUXQ_Q"bjTspQ<jgcQ¤i J+W`T TV[DiMJ2®`T·_¥]pU X7Z JA
TIG"r]pWcenf´QWcbjTVW J
DTe5g1D]d[ji\Q¤i!1W_¥]pzOzu]yg
_¥UX]pY J25pST3WcbjTVW J
ATe5g^TVz5gc]j]d[Di\Q¤ i!fbde5g9euY$SdzOeOQ g·WcbjTVW J
AT$e5gd[e_¥]pUXY$zOv f´]p[\WZeO[d]jg
-vdjgceu[NJ2npSTTmTVeu[ F Q gcQ#Q1WZbDTVW JA
Tengcd[e_¥]pUXY$zOvf´]p[\WZeO[d]jgTpgcQ#zuz21bde5g.TVzuzO]C.g1jg
$
V Wc] TVSSdzuv~QGY$YT5-km]Q"bjTspQ"TgcQ dQ#[jf´Q
{
zueOY
zueOY gdS
J
<TY
*
*
'
[WcbdQ1]pWZbdQ#UrbjTV[ji F \vTpgXg dY$SdWceu]p[ QbjTspQ
9
zueOY
'
%
*
'
zOeuY
zOeuY
J
ATI"
gjf±bWcbjTVW
J
<TY]FG
6 *
Y
TV[ji
J AT ]
*
'
J
UT! J
U T 6 DJ UT989U
*
E
J Q
%
*
6 DJ UT989U yF"
'
hbQGUXQ
,gdS
JD+T! JD+T TV[Di J " Z "HGGG" T < Z e5gWcbdQeO[deOWZe5TVz
)*32 idTVWXT]V_( J
DT?" Z J
ATI"GHG G" J
AT#GUbQG UXQ´_¥]pUXQ F euW_¥]pzuzO]C.g-_¥UX]pY J25pSTWZbjTVW
zOeuY gdS J
A T1 zueOY J
T
* *
'
*
zueOY %
J
UT! J
UT / J,UT 6 JDUT 89U
*
J2n
`T
*
zueOY J+`T 6 J
<T zOeOY %
J
UT! J
UT 6 JDUT989U
*
*
'
*
zOeOY g dS %
J
UT! J
UT / J,UT 6 JDUT8:USG
Q¤fGTVzOzAWcbjTVW
n#
J2 `T
J
AT1
* IG
'
X[Z Z -vMJ2 T F ~Q#Y YTpg-W$TV[jiª F QbjTspQ
o X7Z Z
zOeuY gS J
AT ml fV $
j E "
zOeuY g* S J
DT c V G
'
'
*
J AT
rSdSdzOvmeO[~Q#YYTnRWZ]@J2n`T-WZbdQ#[dpeuspQ¤g_J+5`T bQGUXQ´_¥]pUXQ F dSj]pd
[ jgceO[ ~Q#YY8T 51T mTVeu[ F Q1]dW|TVeO[_¥UX]pY
\
zOeuY gS
*
'
V
Z
l
zueOY gdS
f$ $
*
'
E
"
o X7Z
V
J
AT
zueOY gdS
$
%
Z
*
' *
X7Z
%
J
AT
Z
*
J U T 6 ,J U #T 8:U
/ DJ UT 6 ,J UT789U $
^WcbjTVW
J2 T
%
*
6 ,J UT98:U
hbQGUXQ zueOY gdS * J
AT7eng1i\Q'Ij[dQ¤ioeu[ J `TAPbeng.SUX]spQ¤g8J n`Tr_¥]pU ( Z TV[DiaWcbdQ
f´]p[jf´zxDgceu]p[$_¥]pzOzO]C.g '
9eO[jTVzOzuv F QSdUX]VspQUbdQ#]pUXQ#Y
! hCg gg eVm`gGhm \.g8DQt_¥]pUXQ F euWgaf´Q¤g1WZ] gcbd] WcbjTVWPJ n`T1bd]pz5idg _¥]pU p "
hbQGUXQ A Neng-WcbdQf´]p[jgcWXTV[ Wi\'
Q Ij[dQ¤i \Nv J TA:7QSdUX]\ftQ#Q¤iTpg·eu[WZbdQ.SdUX]?]V_(]V_fbdQ#]pUXQ#Y
TV[ji+TVUXUXeuspQTVW J+5pS TreuWcb 6 J,U T UXQ#Sdz5Tpf´Q¤Pi \v JDUTI"hbdQ#UXQ
$ o Z
J,U T
l
V X JDUT
X/ ^
V
TV[ji
_¥]pU
X/ ^
engri\Q'Ij[dQ¤iTpgeO[
JDUT
ª ~QGW
J+ `T J
AT1
J
AT!
*
J
ATY %
n´
J2 T
%
J
AT1
%
U T
J
/ ,J U T J,UT
89US"
Tpg_¥]pzOzu]yg
J
AT
*
UT / J,UT98:U %
J
UT
,J UT98:U
J
U T / J,U T98:U J
T
/
*
%
J
U T
J,U T#8:U J
/ T
J
T J
TI"
/
/
J
*
$
*
J DT "
; ]F"XF"GHGG" >
G<7QUXQrUXeuWcQQ¤TpfXb
hbQGUXQ
5P#"
ST (J, $ V TTV[ji / J \ $ ST(JDf$ V TTVUXQ"WcbdQft]pUXUXQ¤gcSD]p[ji\eO[9EO$6)20"
/
;6">SRh]V_
/ TV[ji Gr]pWZQWcbjTVWc v$WcbdQ_IjUtgcWQjTVWceu]p[+]V_J|5ST F QbjTspQ
J
AT9 J
AT J
AT! J
AT J
\ $
NYTw
Z
E "? J DT $ J
AT
J
AT J9"
Z YTwFE "J _¥]pU TV zOzdSD]mgceuWceOspQhUXQ¤TVzd[dY7DQ#Utg
hbQGUXQcQhbjTspQDgcQ iWcbdQheO[dQDTVzueOWv
Gb j[
g *v jgceu[ PJ+ T F J2n#` TTV[ji+UXQ¤f#TVzuzOeu[WZbjTVW7zOeuY
]dWXTVeu[
n
J2 `T
zOeuY gdS
*
'
J
DT NY
Tw
'
*
J
_¥]pURTVzOz
J
DT ]
ozueOY g dS
*
'
Df$ ?"
E " $
$ hbQGUXQn YTw Z zOeOY gdS
vT
Z
;1A P
$
TV[ji
B"<Q
J
ATFJ
mk eOYeOz5TVUXzuv F Qyf#TV[9jgcQUJX5ST F J+5#`TTV[ji$~AQ#Y$Y T5Wc]]dWXTVeu[
J
ATI" J
AT NzueOY gdS YTw1
' * JD+T /X[ Z ^ J
+ T989+
3
)
*
*
Z
'
NzueOY' g dS YT w1 J
ATI" ' JD+T / J
+T98:+
)3*
*
'
J2n T
NYT w1 E "czOeuY g S J
AT
E 'E *
NYT w "
J T E J T?" ; >G
b
xrQ#[jf´Q F eOW_¥]pzOzu]yg _¥UX]pY J2 5`T TV[jd
i J2n T9WcbjTVW_¥]pUTV[\v F"WcbdQ#UXQyQ w?engcWXg J Tg jfXb
WcbjTVW_¥]pU.TVzuz Z "F
A " ?T G
J
T
S
J
T J
T J
T Z
Z
J
Z T
c J
T J
T J
Z T$
J
T J
T Z
X J T Z "
hbQGUXQ engWZbQUpzO]jTVz(~AeOSjgXf±bdeuWhgf´]p[jgcW|TV[\W]V_ ]p[+WZbQ"eO[\WZQ#UXsTVz O F" D"TV[ji
E J T J T
X J T
$ ) Z J T n$
$ G
bengeuY$SdzOeuQ¤g-WcbjTVW_¥]pU.TVzuz A $ YTwiJ " T?"
/
/
G
J
T J
T yX J T /
/
/
/
J
J
Z
T
J
T
¤Q fGTVzOzDWZbjTVW " TV[Di TVUXQ.WZbQ"f´]p[jgcW|TV[\WXgi\Q'Ij[dQ¤i9\vNJª`T kmeu[DftQ zueOY TVSdSdzOvmeO[~QGY$YT7WWc]@J+5´TpeOspQ¤g
*
zOeOY gdS J
DT +zOeuY gdS % J
+T / J,UT98:U J
/ T *
*
'
'
*
$ zueOY g dS %
J
+T J,UT98:U J
/ T *
$ zueOY' g dS J
T J
T
/
/
*
' /
/
: J \ $ S
T $ :J \ $ S T $ / /
$
$ G
/
/
\ $
\ $
bQGUXQ´_¥]pUXQ F TpgeO[ J+5
`T F Q] dWXTVeu[
zueOY gdS J
AT l $ $ $ $ / / o "
\
\
*
'
TV[ji+f´]p[jgcQ dQ#[\WZzOv F \K
v J2 T F
$
o X[Z Z
zueOY gdS l
V
J
AT
Z
[
X
Z
*
V
X
J T
"
'
zOeOY gdS
l
$ G
bDTVWhe5g F J n`T-bd]pz5idg-_¥]pU *
'
\ $
J
AT
$
$
*
%
\ $
JDUT989U
$ /
/
o
$
G<bde5ghf´]pY$SdzOQ#WZQ¤gWcbdQ1SdUX]m]V_9]V_bdQ#]pUXQ#Y
8g!u}lLzr:kLu )*mFth !s
F Qyf´]p[jgce5i\Q#UXQ i1WcbdQ1pzO]jTVzdi\vm[DTVYe5f#g
]V_TV[Qw?SdzO]peuWXTVWZeOspQyf´]pY$SDQGWceOWZeO]p[$Y]\i\Q#z
]V_M
gcSDQ¤f´euQ¤g.eO[7WZbdQ$fXbdQ#Y$]mgcWXTVW87QjgcQ¤iai\e5gcWZUXedWcQ¤ii\Q#znTv g Wc]Y$] i QGz9WcbdQ$WZeOY$Qz5TeO[ WcbdQ
SdUX]\ftQ¤gXg ]V_yf´]p[ spQ#UtgceO]p[a]V_h[ dWcUXeuQ#[\W.WZ][Q f´QGzOz5g P\h[DTVzu] dQ¤g ]V_hWZbQUXQ¤g dzuWXg peOspQ#[ eu[ O 9_¥]pU
WcbdQft]pUXUXQ¤gcSD]p[ji\eO[ i\e5gXftUXQ#WcQi\Q#z5T¤vY$]\i\Q#z^TVUXQ$] dW|TVeO[dQ¤i7TV[ji[Q UXQ¤g dzuWXgr_¥]pUWcbdQi\e5gcWZUXe dWcQ¤i
i\Q#z5T¤v1Y$] i\Q#zjTVUXQSdUX]VspQ¤!i \./g QGzOz F WZbQhUXQ¤g dzOW|g9Q w?WZQ#[jiWcbdQhUXQ¤f´Q#[ :W ]pUX O p _¥]pUWZbQh#W ]"gcSDQ¤f´euQ¤g
f´]pY$SjQ#WceuWceu]p[+Y$] i\Q#zAWc]$WZbdQ pQ#[dQ#UtTV7z gcSjQ¤f´euQ¤gf#TpgcQ [WZbde5g9SjTVSDQ#U
-vgcQ#zOQ f´Wceu[ i QGz5TvpQ#UX[dQ#zng]V_ Qw?Sj]p[dQ#[\WcenTVz
WvmSDQ~JgcQ#QPJ|W`TT F Q1]dW|TVeO[dQ¤i+gafteOQ#[\Whft]p[
i\eOWZeO]p[jg d[Di\Q#UUrbdenf±b7WZbdQY]\i\Q#z^Qw?bdexeuWXgf´]pYSDQ#WZeOWceuspQQw\ftzjgceO]p[>[ SjTVUXWce5f6znTVU F QSdUX]VspQ¤i
WcbjTVWWZbQySD]pS dz5TVWceu]p[WcbjTVWbjTpg·WcbdQ"gcYTVzuzOQ¤gcW^i\Q#z5T¤vpQ¤9i dUXQ¤TV` µQ#spQ#[f´]p[jf´QG[\WcUtTVWZeO]p[Preu[jg·WcbdQ"f´]pY9
SDQGWceOWZeO]p[ F SdUX]s?eni Q i WZbDTVW^Q#eOWZbdQ#U-WZbUQ EO$')+0"i;6">-('$6!6 R^TVUXQyf´zu]mgcQrWZ]Q¤Tpf±b]pWcbdQ#U-euY
[ X Z [d]pUXY F
]pUWcbdQ]pUti\Q#Utgr]V_^WcbdQi\Q#z5T¤v+pQ#UX[dQ#zng.TVUXQz5TVAU pQ TV[DiWcbdNQ EO$')203":5*#"F;6">SRRTVUXQf´zO]mgcQWZ]+Q¤TpfXb
]pWcbdQ#OU N\.g[d]pWcQ¤i DQt_¥]pUXQ F i\=e bAQGUXQ#[\Ws?euUXW jTVzi\Q#znTvpQ#UX[dQ#zng UXQ#SdUXQ¤gcQG[\WWcbdQi engcWcUXxe dWZeO]p[jgr]V_yWcbdQ
i\Q#z5T¤veO[\sp]pzuspQ¤ieu[oWZbQ f´]p[\spQ#Utgceu]p[+]V_^[ dWcUXeuQ#[\1W \vWZbQi\e bAQ#UXQ#[ W.gcSjQ¤f´eOQ grWc][dQ ftQ#zOzngrY$] i e IjQ¤i
Wc]eO[jf´xz ji QhWcbdQ hTpgcbd] dW9_µTpf´Wc]pOU \rzngc] F Tpg heOzOGz DQ.Q w?Sdz5TVeu[dQ¤i$eO[WcbdQ.znTpgcW-SjTVUtT pUtTVSdb]V_3Wcbde5gft]p[ f´xz Di\eu[ gcQ f´Wceu]p[ F Qm[d] WZbDTVWhWcbdQ"f#Tpgc<Q hbQGUXQ WZbdQ1]pUti\Q#U]V_3WcbdQ1smeOUXW DTVz(i\Q#znTvpQ#UX[dQ#zAe5gz5TVAU pQ
f´]pUXUXQ¤gcSj]p[jighWc]TgcYTVzOz gcWc] f±bjTpgcWcenf SjQ#UXW dAU jTVWceu]p[o]V_ WcbdQi\e5gXftUXQ#WcQi\Q#znTvaf#TpgcNQ JLhbdQ#UXQWZbdQ$i\e5g f´UXQ#WZQ"i QGz5Tve5g-WcbdQ"s?euUXW jTVzDY$Q TV[+i\Q#znTv TA { dUUXQ¤g dzOW|g-WcbdQ#UXQ´_¥]pUXQeu[Di\enf#TVWcQ.WZbjTVWrWZbQ"f´]pYSDQ#WZeOWceuspQ
Qw f´z jgceu]p[SdUXeu[DfteOSdzOQUXQ#Y TVeO[jg·WZAU Qye _(WcbdQ"i\e5gcWZUXe dWcQ¤i$i\Q#znTv g _¥]pUWZbQ"i\=e b Q#UXQ#[\W^gcSjQ¤f´eOQ g JLhbQGWcbdQ#U
WcbdQ#vTVUXQ.znTVAU pQr]pU gcYTVzO,z T9TVUXQRf´zO]mgcQ.WZ]Q¤TpfXb$]pWcbdQ#Ueu[$WcbdF
Q X1Z!
gcQ#[jgcQh]pU-e _(WZbdQ1i\engcWcUXe dWcQ ii\Q#znTv g
TVUXQgcYTVzuzDSjQ#UXW dAU jTVWceu]p[Dg9]V_ i\e5gXf´UXQ#WZQi\Q#z5T¤v\g F SdUX]Vsme5i\Q¤iWZbDTVWWZbdQ1gce g#Q.]V_3WcbdQ"i\e5gXf´UXQ#WZQi\Q#z5T¤v\g^TVUXQ
gceOYeOz5TVU_¥]pU.TVzuzD]V_3WcbdQ"gcSDQ¤fteOQ¤g xrQG[DftQ F e_9WZbdQ1i\Q#znTvpQ#UX[dQ#z5g-]V_3WcbdQ"i\=e b Q#UXQ#[\W gcSDQ¤f´euQ¤gTVUXQ"gceOY$euz5TVU
JTpghY$e pb\
W DQ"Q w?SjQ¤f´WZQ¤i_¥]pUgceOYeOz5TVU gcSDQ¤fteOQ¤'g T F WZbQG[+] dUrWZbdQ#]pUXQ#YgTVUXQ"zOeOpQGzOv$WZ]TVSdSzuv bQWZbQG]pUXQ#Y
g QSdUX]VspQ¤i$TVzngc]euY$SdzOvWcbjTVW rbdQ#[WcbdQ"s?euUXW jTVzDY$Q TV[i\Q#z5T¤v\gTVUXQ"gcYTVzuz F WcbdQ
SdUXQ¤i\e5f´WZeO]p[jg1]V_WZbQ i\e5gcWcUXxe WZQ¤i i\Q#z5T¤v7Y$] i QGzhTVUXQ+e5i\Q#[ Wce5fGTVz-Wc] WcbdQ+SdUXQ¤i\e5ftWceO]p[jg1]V_WZbdQf´]pUXUXQ gcSD]p[ji\eO[ { <P ^-g.Y$] i QG:z reuWcbd] dW"i QGz5Tv
] gcQ#QWcbde5g F zuQ#<W jg TpgXg dY$Q F _¥]pU"gceOY$SdzOenf´eOWv F WcbjTVWWcbdQ
pUX
] hWcbUXQ¤gcSD]p[jgcQr,_ d[jf´WZeO]p[jg TVUXQ"gcWcUXenf´WczuveO[jf´UXQ¤Tpgceu[ fbdQ#[eOW_¥]pzOzu] yg·_¥UX]pY J| T^WcbjTVW
j ) Z / ^ X7Z Z ^ Z
J nS
T
Z
Z
) 1
$ ^/ ^ Z Z / ^ Z ^ Z G
Z
F
g^TVUXQrznTVAU pQ.TV[jigc9
_(WcbdQhs?euUXW jTVzdY$Q¤TV[i QGz5Tv g TVUXQygcYTVzOz WcbdQ#[WcbdQ
] J nS T9euY$SdzOeOQ g WZbjTVW
/
V
J
j
`T
)
Z
-
Z
) Z G
TVUXQ$WcbdQ9dUXQ¤TV(
Q#spQ#[ f´]p[jf´Q#[\WZUtTVWceO]p[jg._¥]pUWcbdQf´]pUXUXQ¤gcSD]p[ji\eO[ { P<^^g Y$] i\Q#z F euW
J W`ThWcbjTVW1e_ TVUXQgcYTVzOz F WZbdQ#[ j Z k j "cA F" euY$SdzOeuQ¤g.WcbjTVW Z) Z k
/
v bdQ#]pUXQ#Y eO[ O F WZbdQ { P<^-g.Y$] i\Q#z9SdUXQ¤i\e5f´W|grWcbjTVWSD]pSdz5TVWZeO]p[ Z eng
) Z " >A FG -M
cW bdQ gc]pzOQgdUXsmeOsp]pOU beng-SdUXQ¤i\e5f´WZeO]p[e5ge5i\Q#[\WZe5f#TVGz reuWcbWZbQSdUXQ¤i\e5ftWceO]pP[ peuspQ#d
[ \vWcbdQi\e5gcWZUXe dWcQ¤i
mk eO[jf´Q& ) Z _¥]pzOzu]ygr_¥UX]pY
Ä
i\Q#z5T¤v Y$]\i\Q#zUJXnST F TpgeO[ji\e5f#TVWZQ¤iQ\v bdQ#]pUXQGY 7TV[ji Q#YTVUX ( xr]QGspQ#U F Qgcbd]dz5i
[d]pWcQ"WcbjTVWchbdQ#[WcbdQ"s?euUXWb jTVzAY$Q¤TV[ i QGz5Tv g.TVUXQUXQ#znTVWceOspQGzOvz5TVUApQ F _¥UX]pY J 5ST F eOWye5gSD]mgXgcedzuQ WZbjTVW
j Z k j TV[Di ) Z ) Z bd]pzni7gceOY7dzOWXTV[dQ#]jgczuv-vFbQG]pUXQ#Y ® F eOW_¥]pzOzOC] .g1WZbjTVW
Z
WcbdQ i engcWcUXexdWZQ¤i+i\Q#znTv$Y$] i\Q#zAYT¤v*peuspQ1SdUXQ¤i\e5ftWceO]p[jg-]p[WcbdQ]dWXf´]pY$Q]V_^ft]pY$SDQ#WZeOWZeO]p[WcbjTVWyTVUXQ
i\e=b Q#UXQ#[\Wr_¥UX]pY,Wcbd]mgcQ7peOspQ#[ \vWcbdQ { P<^-gY$]\i\Q#z+7QUXQ´_¥Q#U"Wc](O F p
_¥]pUY$]pUXQi\Q#W|TVeOzng1TV[ji
T gceOY$euz5TVUi\engXf'jgXgceO]p[N]V_ WcbdQaQ'bAQ¤ftWXg]V_"WZeOY$Q i\Q#z5T¤vN]p[ WcbdQo]dW|f´]pY$Q]V_ f´]pY$SjQ#WceuWceO]p[ eO[ WcbdQ
fXbQGY$]mgcWXTVW { [dQh]V_(WcbdQYTVeO7[ ID[ji\eO[ mg9eO[Wcbde5g-SjTVSDQGU-e5g-WZbdQ.UX]pzOQ.SdznTvpQ¤8i \vWcbdQgc] f#TVzuzOQ¤is?euUXW jTVzAi\Q#znTv
pQ#UX[dQ#zngATV[DiWcbdQft]pUXUXQ¤gcSD]p[ji\eO[ -smeOUXW jTVzpY$Q¤TV[i\Q#znTv /g JµgcQ#Q bdQ#]pUXQGYgA TV[ji W`Td_¥]pU(SUXQ i enf´Wceu[ Wcbd1Q pzu] DTVz i\v?[jTVY$enf#g
]V_jY$] i\Q#!z JX nS TA
]WZb1Q jQ¤gcW9]V_ ] U3?[d] hzOQ i pQ F Wcbde5!g ID[ji\eO[ .bjTpg
[d]p:W jQ#Q#[
UXQ#Sj]pUXWcQ¤ieO[1WZbdQ-zOeuWcQ#UtTVW dUXQ :\rzuWcbd] pb1eu[ O `aTpf#P.]p[DTVznigcQ#Q#Y$Q¤iWc].bjT¤spQ·[d]pWZe5f´Q¤i1WZbde5g F bQ]p[dzOv
mTspQT$spQ#UX@
v dUXeuQ´_^i\e5gX'f jgXgceu]p[]p[7TgceOYeOz5TVU dWi\e bAQ#UXQ#[ Wr] jgcQ#UXsTVWceu]p[ _7QUXQ#euWcQ#UtTVWZQWcbjTVWWcbdQ
smeOUXW jTVzdi\Q#znTvpQ#UX[dQ#zn g9f´]p7Y eu[d Q-#W ].Y$] i\Q¤g9]V_Dzu]mgXg
]V_AYQ#Y$]pUXv]V_jSUXQGs?eu] Dg(Q#spQ#[\W|g F ]p[dQ]\f#6f UXeu[ ]p[ TWceuY$QgXf#TVzuY
Q J \ $&S T V TVSdSdUX]pSUXenTVWcQWc]WcbdQSDTVUXWZe5'f dznTVU.Y$Q¤fXbjTV[engcY f´]p[jf´Q#eOspQ i F TV[jiWcbdQ
]pWcbdQ#U] f#'f dUXeu[ ]p[WZbQyWceOYQgXf#TVzOQ i dQ.WZ]WZbQy] 7W ej] eO[WcbdQfXbdQ#Y$]mgcWXTVW } ]p[jgcQ dQ#[\WZzOv F
WcbdQ$smeOUXW jTVz-Y$Q¤TV[ i QGz5Tv gceO7Y dz5TVWZQ¤g.WcbdQ$Y$b Q¤TV[ i QGz5Tva]V_hWcbdeng1HW ] µY$]\i\QeO[\WZQ#UtTpf´WZeO]p[7]V_hzu]mgXg ]V_
Y$Q#Y]pUXv { DgcQGUXspQWcbjTVW9_¥]pUTV[\v IGwmQ¤p
i F" WZbQhsmeOUXW jTVzdY$Q¤TV[i\Q#z5T¤v / e5g^ TVz hT¤v\ggcYTVzuzOQ#U
WcbjTV[aWcbdPQ J Sdb\v gce5fGTVLz TY$Q TV[ai QGz5Tv J \ $S T V "TV[ji+WZbDTVWWZbQGvaTVUXQf´zu]mgcQe _ V e5g.znTVAU pQ <bdeng
TVzOzu] y:g DgWc]f´]p[jf´xz ji QhWcbjTVW^WcbdQrUXQ g zuWXgeOP[ bdQ#]pUXQ#Y ]VY_ O dYT¤8v DQ.smeOQ Q i$Tpg·WZbQyzOeOYeOWceu[ f#TpgcQ"]V_ bdQ#]pUXQGY W]V_ Wcbde5gSjTVSDQ#U F gceu[DftQ1WcbdQ i engcWcUX xe dWZQ¤ii QGz5TvY$] i\Q#z JX nS TTVSdSdUX]mTpfXbQ g-WcbdQ
f´]pUXUXQ¤gcSj ]p[ji eu[ + i\engXf´UXQ#WcQi\Q#znTvaY$]\i\Q#z rbdQ#[ WZbQ V 8g p]Wc]aeO[ Ij[deOWM
v rbdeOzuQ$WcbdQY$Q¤TV[ i\Q#znTv g
J \ $ S
T V TVUXQpQ#SdcW IGw?Q i JgcQGQWcbd8Q \rSdSjQ#[ji xe w]V_ O p D_¥]pUTSUX]m]V_ T xrC] Q#spQ#U F hbQG[WcbdQ
g.TVUXQUXQ#znTVWceuspQ#zOvgcY TVzOz F WcbdQ1UXQ g zuWX
g peuspQ#[eOK
[ bdQ#]pUXQ#Y g TV[Di WTVSdSDQ¤TVUhWc9] jQ1[dQ U
V
9eO[jTVzOzuv F Q$UXQ#YTVUXWcbjTVWTpg eu[ O p F Q$gcQGzOQ¤f´WZQ¤i T+SjTVUXWce56f znTVUf´znTpgXg ]V_yi\Q#znTvpQ#UX[dQ#zng ]V_
WcbdQr_¥]pUXY JX `TWc]TV[jTVzO9v g#Q.WZbdQ pzO] jTVzjTpgcv?YSWZ]pWcencf DQ#bjT¤s?eu]pU-]V_(Y$] i\Q#:z J| 5S T F TV[ji WZbde5g-gcQGzOQ¤f´WZeO]p[
TVzOzu] Q¤i jgWc] TVSdSdzOv7WZbdQ !#"$@%'&(" )2$6,%'-M) %'&(0i6 \.g$i\e5gX6f DgXgcQ ioeO[ O p F Wcbde5gf´z5TpgXg]V_
i\Q#z5T¤vpQGUX[QGz5gTVUXQ.]Vf_ d[euY$] iTVzdWvmSDQTV[jiTVUXQ pQ#[dQ#UXenfreO[WZbQ"gcQ#[jgcQ.WZbjTVWrWZbQzueO[dQ¤TVUgcSjTV[]V_3WcbdQ
_,d[jf´Wceu]p[D&
g E - ) _ "?U - ) _ "IU - ) _ "GGGJeng1i\Q#[jgcQ$eO[ X[Z.O F"RQ T?G Q f´Q#[\WZzOv F eO[ OO# WcbdQi\Q#SDQG[Di\Q#[jf´Q
]V_WZbdQ pzu] DTVzRTpgcv?Y$SdWZ]pWce5fai\v?[jTVY$enf#g$]p[ WZbdQ7i\Q#znTv pQ#UX[dQ#zng hTpggcW Di\euQ¤i TV[ji WcbdQ¤gcQaUXQ¤g dzOW|g
gcQ#Q#Y Wc] SdUX]Vsme5i\Qgc]pY$Q+WZbdQ#]pUXQ#Wcenf#TVzhQ#s?eni\Q#[jf´Q_¥]pUgcQ#zuQ¤f´Wceu[ i\Q#z5T¤v pQGUX[QGz5g]V_ d[deOY]\idTVzWv?SjQ
6
eO[ gc]pY$QeO[\WZQpUtTVz-eu[ID[deuWcQi\Q#z5T¤v i\e=bAQGUXQ#[\WcenTVz-QjTVWceu]p[NY$] i\Q#z5gPJgcQ#Q TVz5gc] O F LT Q\.g7Q#zOz F euW
jb TpgDQ#Q#[MQ#zuz
m[d]h[WcbjTVWeO[\WZQpUtTVz9i\Q#znTvYTvWXTVpQeO[ Wc]Tpf#f´]d[\Wgc]pYQgcWc] f±bjTpgcWcenfDQ#bjT¤s?eu]pU
]V_gcSjQ¤f´euQ¤g F TV[Di spQ#UXv zu]p[ zueO[dQ¤TVUfXbjTVeO[jg]V_i\e bAQ#UXQ#[ Wce5TVzhQjTVWceO]p[jg$SdUX]Vsme5i\Q+Y7dzOWZe
gcW|TpQ¤g]V_
deO]pzu
] pe5f#TVzjSUX] f´Q¤gXgcQ g reuWcb+UtTV[ji\]pY SjTpgXgXT pQ.WZbUX] pbQ¤TpfXbTV[jiWZbdQ ]spQ#UtTVzOz i\e5gcWcUXxe WZeO]p[$]V_ WcbdQ
Wc]pW|TVzSDTpgXgXT pQWceuY$QzOQ¤Tpidg$Wc] T mTVY$YT7i\e5gcWZUXe dWceu]pY
[ JgcQ#(
Q O d F LT bde5g$Wv?SjQo]VU_ mTVY$Y T
i\e5gcWZUXe dWceO]p[e5g-m[C] r[ Tpg-WcbdQ"gcSDQ¤f´enTV!z ^UXz5TV[ pe5TV[_¥UX]pY UXQ#[dQ hTVzjWcbdQ#]pUXNv JgcQ#Q O ,T F TV[jiWZb<Q Q¤TV
pQ#UX[dQ#zjTV[ji$WcbdQP.eOUtTpf.i\engcWcUXe dWceu]p[pQGUX[QGzAf´]pUXUXQ¤gcSj]p[ji eu[ .Wc]WcbdQi\e5gXftUXQ#WcQi\Q#znTvf#TpgcQ.UXQ#SdUXQ¤gcQG[\W
WcbdQ ^·UXz5TV[ penTV[+i\engcWcUXe dWceu]p[jg reuWcbWcbdQ"]pUti QGU \ Y TV[Di \ Q "UXQ¤gcSjQ¤f´WceuspQ#zOv r]pWcQWZbjTVcW \v
WcbdQ } Q#[\WZUtTVz^~euY$eOUW bQG]pUXQ#Y F Tpg \ eu[DftUXQ¤TpgcQ¤g F WcbdPQ ^UXz5TV[ pe5TV[ i\e5gcWcUXxe WZeO]p[aWcQ#[jidg WZ@
] DQ¤ft]pY$Q
Y$]pUXQ[d]pUXYTVzTVUX] d[jiWcbdQYQ¤TV[ km] F Tpg eO[ji\e5fGTVWcQ¤ieO[ O F eOW"e5g.]p[dzOv[dQ¤f´Q gXgXTVUXvWc]fXbd]?]mgcQT
g deOW|
T zuQ1sTVz dQ1_¥]pU \ WZ]+] dWXTVeu[aT p]m] i7TVSdSUXC] w?euYTVWceu]p[Wc]+Y TV[\Pv [deuY$]\idTVz3i\e5gcWcUXxe WZeO]p[jg·_¥]pU
G UX]pY Wcbde5g-Sj]peO[\W^]V_9smeOQ F euc
[ O d F `oTpf#P.]p[jTVz5iTVzngc]f´]pY$Y$Q#[ WXg·WZbjTVWeOWe5g-euY$SD]pUXW|TV[\W-WZ]zu]?]p
_¥]pUhTV[$]spQ#UtTVzOzdSde5f´W dUXQr]V_(WZbQRi vm[jTVY$e5fGg _¥]pU 6!6$H"!4$#;6$-]V_(WZbQ"i\Q#znTvpQ#UX[dQ#zng 7Q.bjT¤spQi\]p[Q
gc8] \vf´]pY$Y$euWcWZeO[ 1] dUtgcQ#zuspQ¤g·WZ]zO]m]p?eu[ 1_¥]p1U pzu] jTVzAi\v?[jTVY$enf#g-Tpg Q#zOz TpgTVzOzu] heO[ TV[TVAU deuWcUtTVUXv
]pUti\Q#UeO[$WZbdQ.i\Q#znTvpQ#UX[dQ#zng ]pU^gczue pb\WZzOvY$ ]pUX1Q pQ#[dQ#UtTVzji\Q#znTv1pQGUX[QGz5 g F 2e Q :mTVY$YTi\e5gcWZUXe dWceO]p[
pQ#UX[dQ#zn/g heOWcb[d]p[ µeO[\WZQ pUtTVz\]pUti\Q#Ut1g J +e Q \ gTVUXQ.[d]pW-eO[ WcQ pQ#Utg-eu[ 6 J,UT!T F ] dUUXQ¤g dzOW|g·YT¤v$TVzngc]
DQ"g af´euQ#[\W F Tpg·_µTVUyTp_
g J¥zO] f#TVLz T 05*6$6,%"iR640)24RhTVUXQ"f´]p[jf´Q#UX[dQ¤i F gceu[jf´QTpghg pQ gcWcQ¤9i \v O F
gc]pz dWZeO]p[jg _¥]pUh[d]p[ eO[\WZQ pUtTVzD]pUti\Q#Utg-Y TvSdUXQ´_¥Q#UtT dzO7v DQ] dWXTVeu[dQ¤*i \veO[\WZQ#UXSD]pznTVWceO[ [ dY$Q#UXenf#TVzOzuv
DQGHW QGQ#[7gc]pxz dWceO]p[jg-_¥]pU.eO[ Wc
Q pUtTVz(]pUti\ Q#Utg F UtTVWcbdQ#U.WZbjTV[oSdUX] f´Q#Q¤i\eO[ i\eOUXQ¤f´WZzONv reuWcbaWcbdQWcbdQ#]pUXv$_¥]pU
WcbdQ$sTVxz Q]V_[d]p[ eO[\WZQ pUtTVz9]pUti\Q#U \ ft]p[DftQ#UX[dQ¤!i $xrC] Q#spQ#U F _¥UX]pY,Wcbd7Q pzO] jTVz^i\v?[jTVY$enf#g Sj]peO[\W
]V_hsmeOQ F euW1e5geOY$Sj]pUXWXTV[\WyWcbjTVW QeO[\spQ gcWce mTVWZQWZbdQ dQ¤gcWZeO]p[ TpgWc@
] hbdQ#WcbdQ#U"]pU1[d]pW1WZbQ 4(?"
$AAR60)LR:QSdUX]VspQ i1eO[Wcbde5g9SjTVSDQ#U3b]pzni _¥]pUY$]pUX
Q pQ#[dQ#UtTVzdi\Q#znTv1pQGUX[QGz5g QzOQ¤T¤spQWcbde5g
_¥]pU9,_ dW dUXQ
eO[ spQ¤gcWcxe mTVWceO]p[ Ou A TVUA TV znTVW F K
B >OR6)65*AR ;
0")24RU; 6$A6)+2',;
4R%,=")+4
T O C
RU4V#"$AAR
Q#sG ]pY@
`aTVWcb/dUXQ¤g\rSdSdz2 F NJX F
F 4)6$6$H" ) $H"U";U U'$A6)2" 0")24R7\yf#Tpi\Q#Y$e5fa·UXQ gXg F rQ
O 8<c\U dUXWZ]p[ ]pUX F p O Gk p
jgcQ#[ jQ#AU "TV[Di } } (
UtTsme5g F N)L&0`RO4 $A#;0%,? 6B 60G%)24"!; 6$A6)2" 0"B
)24RU ?44 ,%"54;'WR(G
d`oTVWZb \r[jTV2z \hSSd+z F J| `T F SS 9 R
jkF .` rSdSdz 3`oTVWZb F X F
F X
SdS y#p t
A bdQ#]pU -eu]pz F V
O 8dG WZzOQ#URTV[Di8AkGd7]pzOp]CrenfRg
SdS h#p t d 6V6$#"%"RAR4
O 1G
} TVSjQ#UX]p[ F
F
5")L&657")2,%"54;6:4 )L&%&6574R6)2")
603i%)24R;AR%$',? 80)2$62')!0 G)+"-`
5P=" 7
(4 G03=")+4
^f´]pzO]pv F
)2$#")7'EO$#45*6)^
PJ
$#4
T
#\
iC\
)L&9$AAR (4ROU4 <R64O%'&($'>OR6R
2
(8J
),&@"
`T
"x?""P)248"7ES"$6"(?
} pT gQ#zuz F R6503=")+4 R6)203;>94 U"9)25P<=" (4 G0")24 54;6 G O 2
JX C`T F SdS j m O m~ } ]m]ppQTV[j
i .UX]mgXgcYTV[ F UR%$A6);6"> ;R6)+$',?0)#;~;'">7";R6)2"(?)2>R )#%'&DR
Gd`oTVWZb \h[DTV+z \hSSd+z F JX `T F SdS
(
O 8
P } ] w F 6! " V$6> (m]pbdd
[ eOzOQG
v km]p[jg F hQ ·]pUX F
O 1G ?F
` } jgcbdeO[ F A) $#4; U6$D6)2" 0")24R<"; 76=">
M4;6WR<14 G03=")+4 >C"5B
,%'R F ~AQ¤f´W dUXQ1h]pWcQ¤greu[ -eu]pYTVWcbdQ#YTVWZe5f#
g F kmSdUXeO[ pQ#AU Q#UXznT F xhQ#e5i\Q#xz DQ#AU F (
OuGk 1C^·zuzOQ#UXY$QGvpQ#U F 45 6)2)24PP)L&%'&6574R6)2")14(?""R6>5 G)24)2,%<?'A&("ES4$ 4"574;6
)L&N;6=">(#;d$AAR(4RO7 $H4
)L& 3F
k #\.` G \rSdSd2z `aTVWcb F V@
J| T F SdS ·( µ
Oup x A dUXQ#Q¤i\YTV[ F i .km] TV[ji : [ TVzOWcY TV[ F &654R6)+")P%45 ')+)24 )L&y)25P ;6">SR
eO[ UX]\f´QGQ¤i\eO[ mg ]V_ ` \ } k p@
VWcF
b 7]pUXzni } ]p[ pUXQ¤gXg]p[ k f´eOQG[\Wce IAf } ]pY$S WZeO[ F .enf±bd[dQ#spQ#W|gc?v F :
-]pUX[dQ"TV[jiG .e p[dQ¤g F Q ig F ]p2z F ·TVUXeng F p F SdS h
t V Ou
y]pSjTVz5gXTVYv F )2"(?=)+>_"; R%,")24R1 76"> U U6$D6)2" 0")24R 414 G03=")+4
U>"57,%R F xz Q#U \.f#Tpi\Q#Y$enf1/ dzOengcbdQ#Utg F PR]pUti\UXQ¤fXb\W F
F 6$RO657,%4)20)2>d4~)L&7")2)2$#"(%)24$ )L&M$ADR % )<)24 "$H"5P6)6$9;6;')
Ou# 8 xreO[dQ¤g ;6">SR F i
dP.=e b Q#UXQ#[\WZe5TVz ^ jTVWceu]p[jg F pd
J| `T F SS
Ou´ -F
` xreOUtgXfXb F Ux -x.TV[dengXf±b TV[Di i : RTdUXeOQ#z F U U'$A6)2"< 03")24 574;6WR@4NR645*
("$#"R6)2,%8 O % )+4 R<5*6)L&(4;R 64$)L&1R6)20;>84 "R6>5 G)24)2,%?'A&("EO4$ } ]pY@
Y 9 UXQ \rSdSd2z `aTVWcb F pP JX `T F SdS p Cp Ou Gk dxyg F ik j:
jcx jQ#zOz3TV[ji: TVzOWcY TV[ F 5")L&657")2,%")L$6> 64$8R6 6B#0)2$626)
%45 6)2)24 %4)2040(RF%0)20$AM4 5,%$#4B#4$"R658RF
k #\.` G \rSdSd2z `oTVWZb F
JX T F SdS ^ pp
Ou Gk x.g F :
1 TVzuWcYTV[TV[ji Gk 1^·zOzuQ#UXY$Q#vpQGU F $A65"$A- 4 )L& 4(?""R6>C5 G)24)+,%
R6)2"(?)2>M4d"F;>C"57,%"cR6>OR6)65
574;6 ) 4 R % 2AR %45 6)2)24 xheOUX]mgcbdeOYT`aTVWc
b
F VN
G
JX T F SdS 9m
p(
Ou Gk m~
TV[ F 45 G6) 40$DRO< "x%00`R F \.idi engc]p[ 27Q¤gczuQ#v
dzue5gcbdeO[ F `oTpgXgXTpfXb jgcQ#WcW|g F
Ou# A~AQ#smeO[ F 1AF
` 9k?WZQ hTVUXWTV[ji7~ } bjTV] F DR6403$%'6B#5) #; $H4 )L& _%45 6)2)+4 ";
G$A#;")24 54;6";d '$65P')2"iR6)+0;2AR )L&N?"(%)6$'"P";P?"(%)6$64 &(" AR \rY$Q#OU O x\
.TVW UO F ppvJ| T F SdS
V
Ou m`aTpf#P.]p[DTVzni F 5P " R< 44 ,%" M4;6 R F ~Q f´WdUXQr]pWZQ¤g-eO[ -eO]pYTVWZbQGYTVWcenf#g F
kmSdUXeO[ pQ#AU Q#UXznT F xrQ#eni QGzDQGUA F
O
`oTpf#P.]p[jTVz5i F 5* ;'">OR<M%'&'574R6)2")54;6WRAeu[`lenf´UX]de5TVzj9]pSznTVWceu]p[$P.vm[DTVYe5f#g F
` \i BT g#eu[ F Q¤!i FD} } UXQ¤gXg F 9zu]pUXe5idT F F SdS p #p F
O d `oTpf#P.]p[jTVz5i F 4=4 ,%"6"> >SR6)65 !#"$ )2"(?)2> V$6> } TV7Y dUXe5i pQhqr[deOspQ#AU gceOWvUXQ¤gXg F} TV7Y UXeni pQ F O mF
` \`aTv F 5P;6">E6$AR60`RR6)2"(?)2>7 (4 G0")24 574;6WR )L&P) 494$<)L&($AA<)2$#4 &(,%
6E 6WR F ^-ft]pzO
] pv F VN JX ` T F SdS d
O p ` `oT¤v F )2"(?)2>7"; 45 G C)2>7
M4;6%4R6>SR6) '58R(`]p[d] pUtTVSbeO[9]pS dznTVWceO]p[
-eO]pzu
] pv \F k?Q f´]p[j*i ^^i\eOWceu]p[ F ·UXeO[jf´QGWc]p[qh[euspQ#UtgceOWvUXQ¤gXg F UXeO[jf´Q#WZ]p[ F r F ¤ O V d7
d`leuzOzOQGU F <4!#"$ 4)6$6$#" A) $#" 0")24R -Q#[ XTVY$eO[ F rQ ]pUX F O U
x RkmY$euWcb TV[ji h`Q¤Tpi F @R6)2$'0 % )+0$A@";QR6)2"(?=)+>QY54;'WR 4 G$A'>CB G$D#;")+4$
R6>SR6) '58RbdQ#]pO
U 9]pS dznTVWceO]p[ -eu]p2z F JX ¤ T F SdS p
O x (~ ·kmY$eOWZb TV[ji7: ! TVzOWZYTV[ F V& V$6> 4~)L& &6574R6)2") } TVY dUXe5i pQqr[deuspQ#UtgceOWv
·UXQ gXg F O 8Gk ª
(7]pzOpC] renRf g"TV[ji+x .e5T F 14(?""R6>5 G)24)2,%9?'A&("EO4$74"K%'&'574R6)2")1574;6 )L&
;R%$A') ;6">SR F k #\.`
\rSdSd2z ^`oTVWZb F ~JX T F SdS 5 d t Vm G
O p 8Gk ª
]pzOp] he5f g F x .e5T$TV[jiik DTV[ F 45 ')+)24 M)L&8%'&6574R6)2") ;R6)+$',?0)#;
;6">954;'f";P)LR 4(?":"R6>5 G)24)2,%7?'A&("EO4$ F k #\.`
\rSdS+z `oTVWZb F J| T F SS G
pd' t#d
© Copyright 2026 Paperzz