!"$# %"
&(' *),+.-/01&2# 3"
4
57678:9<;,=>@?BACAEDGFIHKJ9L?EMNDGF&O?EPRQS6NTU4DG6NFV7?CW
XYWNZLA[;,=]\Y?CO8_^?B`aH:J9L?EMNDGF&O?EPRQb6NTc\dAE6NF&?BeLW
f ?Bg 679h5:=ji=:kYWIQlAE6NFIHLm3F&ZL9KDIA
J9L?EMNDGF&O?EPRQ
XnDGFoWpaqWpP8rmsDI9ptuWNgv?C9
H:wxm fzy H y 9:`p=
m367AEDIOACWI^ fl{ QzgvWN9LOuaz?|Hl}~DI9:OOuDIACWpDGF~XY67AEQ.PuDI`o8:9:?B` y 9:OuP?BPZKPuD
Simulation Practice and Theory, vol. 9, no. 1-2, October 2001, pp. 55-72
@€.
‚ƒL„q…n†N‡*ˆ‰DGŠK‹ŒmWNOuDIe f ?Cg1Z:ACWpP?E679
H:Ž367g $679KDI9.POGH:;~VNDI9.POGHŽ6.6N$DGF&WpP?EMNDˆ‰6NF&a]HŽ67gvg DGF&`G?BWNAC? { WpP?E679
=
‘ ) L"
Y"
y 9’W“T”DG^•O&8K6NFP!QNDIWpF&OGH~ˆ‰DGŠ:‹Œm3WNODIe f ?Bg–Z:ABWpP?E679[H8LWNOSD˜—K8:?EŠ]?EPuDIe™D˜—lLAE67O?BMNDrVNF6š^P8›?B9’P8KDœO?Bg–Z:ABWpP?E679
FDIOuDIWpFo`&8`˜67gvg1ZL9:?EPŒQN=3k8:?BOLWp$DGF^~8:?B`o8<VNFDG^ž67Z:P6NTW LWN9KDIAe:?BO`GZ:O&O?E679ŸWpP~P8KD– p¡N¡N¡bˆi*m fzy >¢Ž3679l‹
T”DGFDI9:`˜DNHŠLF&?EDG£:QrFDGMz?BDG^~O¤P8KDbeKDGMNDIAB6NLg DI9.Px6NTsP8L?BOFDIOuDIWpFo`&8WpF&DIWhWN9:e¥`˜679:O&?BeKDGF&O¤T¦ZKPZKFD6N:$6NFPZL9:?EP?EDIOGH
Š$6NP8‰679‰P8KDbFDIOuDIWpF&`o8WN9:e¥`˜67gbg DGF&`G?BWNAO&?BeKDIOG=S§¤9œP8:DvFDIOuDIWpF&`o8O?CeKDNH[P8KDbWpF&DIWh?BOgvWpPZKFo?B9KVKH[ŠLZ:PxOuP?BABA
¨ Z:?EPuD,WN`˜P?EMNDN=i©6NF&PO~Pu6SD˜—zLWN9LeKDIehˆ‰DGŠK‹ŒmWNOuDIe f ?Cg1Z:ACWpP?E679<Pu6S?C9:`GABZ:eKD9KDG^`GWpLWpŠL?BAC?EP?EDIOŠ$DGQN679:e<P8:67OuD
T”67Z:9:eŸ?B9<`˜679.MNDI9_P?E679LWNA[O?Bg–Z:ABWpP?E679!PuDI`o8:9K67AE6NVNQ!6NF:F6šMz?CeKD?B9_PuDGF&6NDGFoWpP?E679!^~?EP8!6NP8KDGF~?B9:Tª6NF&gbWpP?E679!:F6p‹
`˜DIOO?C9KVvPuDI`&8L9K67AE6NVNQ@WpFD1LWpFP?B`GZLABWpF&AEQS:F67gv?BO&?B9KVK=§9hP8KD,`˜67gbg DGF&`G?BWNAYO?BeKDNH]Wb`˜F&?EP?C`GWNA[gvWNOO6NTdFDIOuDIWpF&`o8
al9K6«^~ABDIeKVND?BOn9:6«^™WIMpWN?BABWpŠ]AEDN=Y¬6«^3DGMNDGFIHzOu67g D`GWpPWNAEQlOuPc?BOd9KDGDIeKDIe–Pu6:F6le:Z:`˜D3WN9_Q–OZKŠLOPWN9_P?BWNAlg 6šMNDIg DI9.P
6NTO?Bg–Z:ABWpP?E679œMNDI9LeK6NF&OxPu6š^3WpFoeˆ‰DGŠK‹ŒmWNOuDIe f ?Cg1Z:ACWpP?E679
=bk8L?BO`˜67Z:ABe¥8LWp:$DI9 ¨ ZL?B`alAEQrZL9:eKDGF,Wh`˜67Z:LAED
6NTO`˜DI9:WpF&?B67OG‡x;­OgvWNABAcO?Cg1Z:ACWpP?E679MNDI9:eK6NF,T”6l`GZ:OOuDIeœ679ˆ‰DGŠK‹ŒmWNOuDIe f ?Bg1ZLABWpP?E679œ`˜67Z:ABe‰Š$DGV7?B9œPu6r`GABWN?Bg
O?EV79L?E®L`GWN9.P¤gbWpFaNDGPxO8:WpFDN= ;4AEPuDGF&9:WpP?BMNDIAEQNH
P8KDveKDGMNDIAE6N]g DI9_P6NTW<¯pal?BABAEDGFu‹ŒWpLL¯bPu6reKDIg 679:OuPuFoWpPuDvW<`GAEDIWpF
WNeKMpWN9_PWpVND1Pu6vˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?E679Ÿ`˜67Z:ACehgvWpaNDxP8:?COO8:?ET”P8:Wp:$DI9!MNDGFQ ¨ ZL?B`alAEQN=
° ± ¤"
xv#Y"
‰ˆ DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?B679œŠDGV7WN9²O8K6NFPABQWpT”PuDGF,ˆ‰DGŠ“Š:F6š^~OuDGF&O,ŠDI`GWNgvDvFDIWNe:?BABQW«MqWN?BACWpŠLAEDN=SisWpF&AEQD˜©6NF&PO
Š$DGV7WN9’?C9´³IµNµN¶zH®:F&OuPSŠ.Q·:F&6«Ml?Be:?B9KVˆ‰DGŠ¸T”F679.P%‹|DI9:e:OSPu6“O&?Bg1ZLABWpP?E679:ObF&Z:9:9:?C9KV¥WNOŸŽ67gvg 679›U¤WpPuDG^3W«Q
y 9_PuDGFT¦WN`˜D²¹|ŽU yuº O&`˜F&?E:POo»šLF6NVNF&WNgvOG= y 9·WNe:e:?EP?B679
H^36NFa²Š$DGV7WN9·679’57WIMpW‰ŠLWNODIe™O?Bg–Z:ABWpP?E679“LWN`&aqWpVNDIOIH
OuQlOuPuDIgvOvWN9Le¼DI9_Ml?EF679:gvDI9_PO P8LWpP ^s67Z:ACe¼F&Z:9¼WN9_Qz^~8KDGF&D<679·P8KD<ˆ‰DGŠ[=½}~DIOZ:AEPOT”F67g¾P8KDIODhWN`˜P?EMz?BP?EDIO
^3DGFDx®:F&OPFDG$6NFPuDIeh?B9<O?Cg1Z:ACWpP?E679<`˜679KT”DGFDI9:`˜DIO~OPWpFP?B9KVb?C9‰³IµNµN¿r¹À«ÁÃÂ.ÁBHKP8KDGF&Dx^3WNO~679KD,OuDIO&O?E679ÄjÅzH zH³G¡pÆ
³
679Ÿˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?E679!?B9!P8KDv³IµNµN¿ˆ?B9.PuDGF f ?Bg–Z:ABWpP?E679<Ž3679KT”DGFDI9:`˜D º =*\:F67g P8KDIOuDŠ$DGV7?B9L9:?B9KV7OGH.P8KD
?B9.PuDGFDIOuP~WN9LehAEDGMNDIA[6NTdFDIODIWpF&`&8@D˜©6NFP4?B9:`˜FDIWNODIe<MNDGFQŸF&WpL?BeLAEQN= y 9³IµNµ HWN9@DI9_P?EF&D,`˜679KT”DGFDI9:`˜D,eKDIeL?B`GWpPuDIe
Pu6vˆ‰DGŠK‹ŒmWNOuDIeœ>@6zeKDIAC?B9KV WN9:e f ?Cg1Z:ACWpP?E679‰¹”ˆ¸ism fly > º Š$DGV7WN9<^~8:?C`&8h`˜679.P?B9zZKDIO679<Pu6le:WIQN=
6«^´P8:WpPˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?E679Ÿ8:WNOŠ$DGDI9<WpF67Z:9LeŸTª6NF~WpŠ$67ZKP8LWNAETnW eKDI`GWNe:DNHL?EP?BOW VN6z6zehP?Bg D¤Pu6
PWpaND1?C9_MNDI9.Pu6NFQŸ6NTc8K6«^´T”WpFP8:Dx®:DIABeh8LWNO`˜67g DNHLŠ]ZKPg 6NFD,?Cg $6NFPWN9_PABQb^~8KDGF&Dx?EP?BOVN67?B9:VK=s;PP8KD– p¡N¡N¡
ˆ‰DGŠK‹ŒmWNOuDIe·>@6zeKDIAC?B9KV<WN9:e f ?Bg1ZLABWpP?E679Ž3679KT”DGFDI9:`˜DNHdW<LWN9:DIAc^3WNO1T”6NF&g DIe‰Pu6WNe:eKFDIOOxP8:?BOMNDGFQ¥?COOZKDN=
k8:?COWpFP?B`GAEDx?BOe:DGPWN?BAEDIeŸFDG$6NFP679<P8:Dx®L9:e:?C9KV7O36NTnP8:?COLWN9KDIA =
k8:DSLWN9:DIA*^WNO g 6leKDGF&WpPuDIe“Š.Q 4FI=¥>@?BACAEDGF–WN9LeP8KDŸLWN9:DIAB?BOuPO–`˜679:O?BOPuDIe²6NT FoOG=¥\d?BO8.^~?B`aHcm3DI9l‹
tWNgv?B9
H fz{ QlgvWN9:Oual?3WN9:e¼knW«QzAE6NF«=œk~8KDSF&DIOuP6NTP8:?BO–WpFP?B`GAEDŸ?BO16NFV7WN9:? { DIe·WNO–T”67ABAE6š^~OG‡ y 9²ODI`˜P?E679™ zH 4FI=
\d?BO8.^~?B`&a@^~?BACAnLFDIOuDI9.Px8:?BO¤$DGF&Ou$DI`˜P?EMND679‰T¦ZKPZKFDFDIODIWpF&`&8²e:?EFDI`˜P?E679LOT”6NFxˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?B679
= y 9
OuDI`˜P?E679 zH 4FI=*m3DI9qtWNgv?B9<^?BABA$e:?BO`GZLOOOu67g DxT¦Z:9:eLWNg DI9_PWNA$LF6NVNF&WNgvgv?C9KV LWpF&WNe:?BV7gvOP8:WpP~WpFD,DIOOuDI9.P?BWNA
T”6NF`˜679.P?B9.Z:DIeh:F6NVNF&DIOO~?B9Ÿˆ‰DGŠ:‹Œm3WNODIe f ?Bg1ZLABWpP?E679¥¹ÀIÁ Â_ÁCH:6NŠltuDI`˜PGH$`˜67g $679KDI9_PWN9:[email protected] º =;PWv8L?EV78KDGF
AEDGMNDIA HsWp::F6N:Fo?BWpPuD!O6NTªPR^3WpFDhWpFo`&8:?EPuDI`˜PZ:FDIOvg–Z:OuP–ŠD<`˜679:O&?BeKDGFDIe¹ÀIÁ Â_ÁCHs>rZ:AEP? ‹Œ;VNDI9_P f QlOuPuDIgvOh¹ >r; f:º H
¤?BOuPuF&?BŠLZKPuDIeŸ;~F&P?E®L`G?BWNA y 9.PuDIABAB?BVNDI9:`˜Dv
¹ y ; º WN9:e<¬4?EV78l‹ [DGMNDIA;~F&`o8:?EPuDI`˜PZKF&Db¹¦¬ n; ºuº =Lk~8:?BOe:?BO`GZLOO?E679S^~?BABA
AEDIWNe™?C9_Pu6¥OuDI`˜P?B679 KH^~8KDGFD 4FI= fz{ QzgbWN9:Oual?^~?BABA`˜679:O?CeKDGFvOu6NT”PŒ^WpFDrWpF&`o8:?EPuDI`˜PZKFoWNA~WNO ^3DIABAWNOS?Bg LAED˜‹
g DI9.PWpP?E679:WNA
?BO&OZKDIOsTª6NFˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?E679!Wp:LAB?BDIevPu6vABWpFVND˜‹ŒO&`GWNAEDO?Bg–Z:ABWpP?E679!WN9:eŸg1ZLAEP? ‹Œg 6leKDIAB?B9:V
:F6qtuDI`˜POG=v\d?B9:WNACAEQNH 4FI= knW«QzAE6NF,^~?BABAdWNe:eKF&DIOO¤P8KDv?BOO&ZKD6NTs^~8:DI9‰WN9:e‰8K6«^ ˆ‰DGŠK‹ŒmWNOuDIe f ?Bg1ZLABWpP?E679^~?BABA
?Bg ]WN`˜PP8KD `˜67gvgvDGF&`G?BWNAcO?Be:D,6NTsO&?Bg1ZLABWpP?E679
=}DIO679LOuDIO4TªF67g26NP8KDGF]WN9KDIAB?BOuP^~?BABAYWNABOu6!Š$D–?C9:`GABZ:eKDIer?B9
DIWN`&8OuDI`˜P?E679[=;´ŠLF&?EDGTnO&Z:gvgvWpFQS^~?BABA$8:?BV78:AB?EV78.P3O67g Dx6NTYP8KD,O?EV79L?E®L`GWN9.PeL?BO`GZ:OO&?E679
=
*]
n &
Y"$& ¥&
6«^/P8:WpPODGMNDGF&WNA
:F6NPu6NPRQ.$Dˆ‰DGŠK‹|Š]WNOuDIehO?Bg–Z:ABWpP?B679SOuQlOuPuDIgvO~WN9:e!DI9_Ml?EF679:gvDI9_PO8:W«MNDxŠ$DGDI9<eKDGMNDIAE6N$DIe
WN9:e™OPZ:e:?EDIe
HsT”Z:PZKFD<^36NFa·O8K67Z:ABe“ŠLZL?BABe“679™Pu6N™P8:DIOuDrOZL`G`˜DIOOuDIOG=¸JAEP?CgvWpPuDIAEQNH3P8:?BO ^36NFa“^~?BABAAB?EaNDIABQ
Š:F67WNe:DI9™P8KD9K6NP?E679™6NTxO&?Bg1ZLABWpP?E679™WN9:e½^~?BeKDI9½?EPObWp:]AB?B`GWpŠL?BAC?EPŒQN= y 9½P8:?BObODI`˜P?E679
HW¥$DGF&ODI`˜P?BMNDh679
T¦ZKPZKFD¤FDIOuDIWpFo`&8@?C9<ˆ‰DGŠK‹|ŠLWNOuDIerO?Bg–Z:ABWpP?E679Ÿ?BO6p©$DGFDIe
=
³p!= #"%$'&($*)+À $-,/.1032*410o/À 56&7,98&:;4=<_>À )&7"lÀ :;?A@B)uBÀ CDCE$2GFHrÀ@>IKJL$-,G3À <NMOD?:;CP$Q&
O
2*4SR%ÀIÁ Â_UÁ T9<*OD,V&
)VOW@B:;&
OW2*4XT(032*?I
5X2*4>À 4=&
)ZY-TOD4&ŒBÀ )G2V5K>À )[$\@>O7C]O7&
Y-T!>À ?H@o+À <Q<*O74.'Â T_^`OD,Z:a$*C]OUbc$'&
OW2*4'.1$'4aOD?A$'&
OW2*4XTed6fhg1ij"kO
0B"l2GF#&7"l>À ,GÀ $*)+À $-,
4$À&+À <LFV:;)V&7"K>À )nm2*)Zo=i
ˆ‰DGŠ:‹Œm3WNODIe f ?Bg–Z:ABWpP?E679!¹”ˆ¸m f:º ?BOYWPuDGF&gZ:OuDIe1Pu6`GWp:PZKFDW¤`˜F67OO%‹ŒOuDI`˜P?B67916NTO?Bg–Z:ABWpP?E6791WN9:e1ˆ‰DGŠ
Š]WNOuDIe,F&DIOuDIWpF&`&8 WN9LexPuDI`&8L9K67AE6NVNQN= y TK^sD`GWpPuDGVN6NF&? { DO?Cg1Z:ACWpP?E679x?B9.Pu64gv6zeKDIA.eKDIO?EV79[Hqg 6leKDIA.D˜—zDI`GZ:P?E679
WN9Le@D˜—lDI`GZKP?E679WN9:WNAEQlO?BO~P8KDI9@^3D1WpF&D1:F&679KDxPu6Ÿ`˜67ZKLAED1P8KD,ˆ‰DGŠœ^~?EP8@DIWN`&86NTcP8KDIOuD`˜67g $679KDI9.PO
Pu6œOuDGDS^~8:WpP,6p©
Ou:Fo?B9KVhWpFDŸ`˜FDIWpPuDIe
=@kn6rODGDbP8KD!`˜679:9KDI`˜P?E679²Š$DGPŒ^3DGDI9²P8:DIOuDbPR^s6œWpFDIWNOGHcPWpaNDŸWN9
WpF&ŠL?EPuF&WpFQ `˜679:`˜DGLP*6NF3Pu6.67A]?B9vO?Bg–Z:ABWpP?B679vWN9:evP8:DI9bWp:LABQ–P8:D ¨ Z:DIOuP?E679b¯N8:6«^¸^s67Z:ACe P8:?BO*ŠDgvWNeKD
ˆ‰DGŠ:‹|FDIWNeKQ I¯ y 9@g 6ze:DIAB?B9KVKHl^3D1WpFD,`˜679L`˜DGF&9KDIeh^?EP8<P8KD,e:DIO?EV79hWN9:erOuPuF&Z:`˜PZ:FD6NTd6NŠlt%DI`˜PO^~8:?C`&8
H
?C9‰P8KDI?EF,`˜679L9KDI`˜P?E679:OGHY:F6šMz?CeKD Š$DI8:WIMl?E6NF&WNAcWN9:e²eKQl9:WNgv?B`?B9KT”6NF&gvWpP?B679¥WpŠ$67ZKPP8KDvL8:DI9K67g DI9:W<6NT
OPZ:eKQN=;›Š$679:ebVNF&WpL8Ÿg 6leKDIABOsP8KD£L6«^6NT[DI9KDGFVNQ!WN9:eSP8KD4XYDGPuF&?$9KDGPGHlP8KD¤£:6š^6NT[Pu6NaNDI9:OG= y 9!9K679l‹
ˆ‰DGŠg 6leKDIAB?B9:VDI9_PuDGFLF&?BOuDIOGHpg 6leKDIABO[WpF&D*DI?EP8KDGFYeKF&W«^~96791LWp$DGF[6NFYWN91?B9.PuDGFT”WN`˜D3?BO`˜F&DIWpPuDIe,^~8:DGFDGŠ.Q
P8:Dgv6zeKDIAY?BO¤eKF&W«^~9r679œP8KD–`˜67gvLZKPuDGFMl?BWSWSVNF&WpL8L?B`GWNAdZ:OuDGF¤?B9_PuDGF&T”WN`˜D@¹|U¤J yº =$; ˆ‰DGŠ¥g 6leKDIAB?B9KV
WpL:F67WN`&86p©$DGF&OŸP8KDœ$67OO?BŠL?BAB?EPRQ²6NT–eKF&W«^~?B9KV¼?B9:O?CeKDhP8KDœŠ:F6š^~OuDGFŸP8KF67Z:V785_WIMpWNO`˜F&?ELP!6NF@5_WIMpWl=
>@6NFDbe:F&WNgvWpP?B`g 6leKDIAB?B9:VST”6NF&gvO`GWN9¥ZLOuD WNe:e:?EP?E679LWNAnT”6NF&gvO¤6NT3FDG:F&DIOuDI9_PWpP?B679
H[T”F67g W<AE6«^‹ŒAEDGMNDIA
e:DI`GABWpF&WpP?EMND !> ¸¹¦ic—lPuDI9:O?EŠ]AED¤>rWpFalZK WN9:V7Z:WpVND º ®LAED¤T”6NF&gvWpPPu6vAW *¤}> ½¹ ¤?EFPZ:WNA
}~DIWNAB?EPŒQ
>@6leKDIAB?B9K_V WN9KV7Z:WpVND º ^36NF&ABe
H7^8K67OuLD *ž`˜67g $679KDI9_POsFDG:F&DIOuDI9_P3g 6leKDIA:`˜67g $679KDI9.POG=m3DGQN679:eSP8:?BO
O&ZKFT¦WN`˜D¤eL? ©DGF&DI9:`˜D6NTcU¤J y 679!P8KDeKDIOuazPu6N<MNDGF&OZLO~U¤J y ?B9:O?CeKDP8KDŠ:F&6«^~OuDGF«H.P8KDxgv6NFD?B9_PuDGF&DIOuP?B9KV
WNODI`˜Pb6NT4ˆ‰DGŠ:‹|ŠLWNOuDIe¸g 6ze:DIAB?B9KVœ?B9.MN67AEMNDIOvVNF67Z:™LWpFP?B`G?BLWpP?E679·?B9·P8:Dhg 6ze:DIAB?B9KVœ:F6l`˜DIOOG=’k8KD
ˆ‰DGŠ¼Š:Fo?B9KV7OPu6rŠDIWpF1P8KDS?CeKDIW<6NT`˜67ABABWpŠ$6NF&WpP?B679WN9:e²`˜679:9KDI`˜P?EMl?EPŒQNHd^~8:DGFDIWNO,P8:DbŠ:F6š^~OuDGF–?BOtZ:OuP
679:DSMNDI8:?C`GAEDST”6NF OZK:$6NFP?C9KV<P8:?BOG= ~6NP679:ABQ¥`GWN9²P8:D!WNZKPu67gv6NŠL?BAEDSŠDŸeKDIO?BV79KDIeWN9:e¼g 6leKDIAEDIe²?B9
W¼Ml?EFPZLWNA H`˜67ABACWpŠ6NFoWpP?EMND‰OuLWN`˜DNH4ŠLZKPŸP8KD‰Š$679:e¸VNF&WpL8›`GWp:PZ:F&?B9KV“P8KDœP8KDGF&g 6leKQl9:WNgv?B`GO!6NT–P8KD
DI9:V7?B9KDx`GWN9@AC?EaNDG^~?BOuD¤Š$DO8:WpFDIe[=k8:?BOOu6NF&P6NTYO&8:WpF&?B9KV6N$DI9:OZ:hWNABA$az?C9:e:O6NTY67O&O?EŠL?BAC?EP?EDIOG=d>h6leKDIA
D˜—lDI`GZKP?E679œWN9:eœWN9:WNABQzO?CO~WNABOu6!LABW«Q@O?EV79L?E®L`GWN9.PF67AEDIO¤?B9rˆ¸m f H$WN9:e y 8:W«MND9:6NP4e:?CO`GZ:OOuDIe@P8KDIg•?B9
e:DG:P8b679LAEQ Š$DI`GWNZ:OuD¤O?EV79:?E®]`GWN9_Ps^s6NFav?C9!5_WIMpWq‹|ŠLWNOuDIe<O?Bg–Z:ABWpP?B679vWp:LAB?C`GWpP?E679:O*8LWNOsŠ$DGDI9!eK679KD¤WN9:e
?CO eKDIO`˜F&?EŠ$DIe²DIABOuDG^~8:DGFD<?B9“P8:?BOLWp$DGFIH^8KDGFDIWNOP8KDhgvWpF&F&?BWpVNDŸ6NTP8:D<ˆ‰DGŠ½WN9:e¼P8KD<:F&6z`˜DIOO6NT
gv6zeKDIAC?B9KVFDIgvWN?B9LOWv9:WNO`˜DI9.P~PuDI`o8:9K67AE6NVNQN= cDGFQhAC?EPuPAED^36NFa<8:WNOŠ$DGDI9@eK679:DxWp:LAEQl?B9KVˆ‰DGŠK‹|ŠLWNODIe
WN9LWNAEQzO&?BO~WN9:e@67ZKPuLZKP~Mz?BO&Z:WNAB? { WpP?E679h^~?EP8:?B9hP8KD1O?Cg1Z:ACWpP?E679h`˜67gvg–Z:9:?EPRQNHLŠLZ:P~P8:?BO~OZKVNVNDIOuPO4T¦ZKPZKFD
F&DIOuDIWpF&`&8[=*>h6NFDG6šMNDGFIHlWP?EV78.P`˜67ZKLAB?B9:V4Š$DGPR^sDGDI9vgv6zeKDIAC?B9KVKHND˜—lDI`GZKP?E679vWN9:ebWN9:WNAEQlO?BOd?BOcDI9:8LWN9:`˜DIe ?B9
WSˆ‰DGŠK‹|Š[email protected]?BF679:g DI9.PO?C9:`˜DxVNF67ZK]O~WNOOu6l`G?BWpPuDIe^~?EP8hDIWN`&8œO?Bg–Z:ABWpP?E679@WN`˜P?EMz?BPŒQ@WpFD1Š:F67ZKV78.P
`GAB67OuDGFbPu6NVNDGP8KDGF«=¸;4ABA?B9·WNACA Hs?EPS?BOP8:?BO 6NL6NF&PZ:9:?EPRQT”6NFSO8:WpFo?B9KV‰O?Bg–Z:ABWpP?E679·eLWpPWlHgv6zeKDIACOvWN9:e
al9K6š^~AEDIeKVNDhP8LWpP y ®]9:e·g 6NFD@?C9_PuDGFDIOP?B9KV‰P8:WN9™8:6«^ Pu6²e:?BOuPuF&?BŠLZKPuD!6NFS`˜6leKDhP8KDhD˜—lDI`GZKP?E679½?B9™W
]WpFP?B`GZ:ABWpFˆ‰DGŠ:‹|6NF&?EDI9.PuDIe@ABWN9KV7ZLWpVND,OZ:`o8hWNO5_WIMpWl=
;4ABAcWpFDIWNO–9KDGDIe‰T¦ZKFP8:DGF^s6NFaœ^~?BP8‰WN9‰DGQNDbPu6š^3WpF&eaNDGDGL?B9KVrZK¥?B9œP8KDvFoWN`˜DvPu6@LACWN`˜D DGMNDGFQ.P8L?B9KV
679½P8KDhˆ‰DGŠ[=¸k8:?BO ?COPuF&ZKDhT”6NF f ?Bg–Z:ABWpP?B679·WNOb?EPv?BOT”6NFbDGMNDGF&Q“6NP8:DGFSWpFDIWl= y 9¼ˆm f H*^3D@8:W«MND
e:679KD!O67g D!`˜679LO?BeKDGF&WpŠ]AEDv^36NFa?B9¼57W«MqWq‹|ŠLWNODIe·Wp:LAB?B`GWpP?B679:OG=@k8:Db^36NFa?BO–?Bg :F&DIOO?EMNDNHdWN9:e“8:WNO
F&DIOZ:AEPuDIe?B9@ODGMNDGF&WNAc57WIMpWq‹|ŠLWNOuDIe‰O&?Bg1ZLABWpP?E679h]WN`apWpVNDIOG=k8:?BO~^s6NFarO8K67Z:ABe@`˜679_P?B9zZKDWN9:er:F67Ou$DGFI=
¬6«^3DGMNDGFIH y T”DGDIAYP8:WpP4T”WpF4Pu6.6<AB?BPuPAEDx^36NFa@8:WNOŠ$DGDI9reK679:D–?B9rg 6leKDIAB?B9KVSWN9:erWN9LWNAEQzO&?BOG= y TcQN67ZœAE6.6Na
WpPP8:DLWp$DGF&O?B9!ˆ¸m f HKP8KDGQŸWpFDxg 67OPAEQbPWpFVNDGPuDIerWpPWFDIABWpP?E679LO8:?ESŠDGPR^sDGDI9@P8KDx57W«MqWvACWN9KV7Z:WpVND
WN9Le@P8KD–VNDI9KDGF&WNAY:F&6NŠLAEDIg 6NT*:F6NVNF&WNgvgb?B9KVSW!O?Bg–Z:ABWpP?B679
=ˆ8:?BAEDxP8L?BO?CO~WŸ9:WpPZKF&WNAFDIABWpP?E679LO8:?E[H
^3DS9:DGDIePu6OuPWpFP,D˜—lLWN9:eL?B9KV<67ZKF–8K6NF&? { 679:O,?B9_Pu6g 6leKDIAeKDIO?BV79WN9:e¥WN9LWNAEQzO&?BOG=Ÿ¬~6š^ ^~?CABAcg 6leKDIABO
Š$DvO8LWpFDIeœ6«MNDGF1P8KD y 9_PuDGF&9:DGP ›ˆ8:WpPxg DGPWpL8:6NF&Ox`GWN9¥Š$D Z:OuDIe‰WN9Le‰^~8:WpPxg 6leKDIAdFDGLFDIOuDI9.PWpP?E679
ACWN9KV7Z:WpVNDIO`GWN9Š$DTª67OPuDGFDIe !ˆ?EP8P8KDDIg DGFVNDI9L`˜D6NT !> *H7WN9:e?EPOdFDIABWpPuDIePuDI`o8:9K67AE6NV7?BDIOGH_^3D9KDGDIe
Pu6œ`˜679:O?CeKDGF,^~8:DGP8KDGF > ¸`GWN9“OuDGFMNDŸWNO–WN9²WNeKD ¨ Z:WpPuDŸFDG:F&DIOuDI9_PWpP?B679²ABWN9:V7Z:WpVNDbT”6NF1D˜—l:FDIO&O?B9KV
P8:D,OuPuF&Z:`˜PZ:FD6NTYgv6zeKDIACOWN9:ehO?Bg–Z:ABWpP?B679<e:WpPWl=
!€z
† ƒ n†I€ Œ„qƒ <„ . ”ƒL„ "!$#%!'&()*),+-./0!#-1+-243-5)*)687&:9<;>=#@? 43A55CBD./B*E%!.F.$7F21GBDH!5I!$B*-JK$FEL#
.-BDEM!$B*7F1#@? N35O./B6$E5+$$.QPSR-N21@T21FUFV7 3I$?%!$B*7FWE57FE55-B*-JCX"#%!87F2Y@TE)*)"!$#
Z [ FE5G&\7F]!$#Y9C3QP ZN^ _!#-YX"BD)6./)*M`/aF./B*-JV7&bMcdEM7 2G21E5Fef&\7 gM`-21a-)*Fef!#-5YB6gNJF7F)6.ch$+I#
aBD7 -5iIa-B*Bj!g!#%!i# g./BD? 5_!$#-8.-5?F)D7 a-215H!g7&>2YFeQ2YFHCX:3/ch3F$.CI/I!$52YP8k>#-$Y#@? G215!
X"BD!$#?@F$B*-JK./JF5l"7&$+E5E54m(7Fn&(FBD)*+-loMP=B*24+-)6%!BD7 #F0-7!'F5!qpr7FB*-.V!$#- [ FE5FP0k>#-B621@sX:7 $U
B*N!$#g&(@?F7 "7&t9<;>=B*N!rXb7YXb@/PuvBDLr!le-!#-iXb53NB*1217%?HB*-J1!LJFM!lPw'xyB*n!$7Y5a-)6FE5iz0k"xP{05X
)*B*-UBD-J|EL#-521l}F$$a-)6FEMB*-JC7F)6.fPT~H@?@CEL#JFPk>#-s!$77F)6}!$#!YX:#@?FK!$7y#F.|!7_E5$l%!$9<;"=
F$}EL#-J BDJ1E57FI!FH!$)*FPn=E57F.-)D e!#-54./70-7!'a-aAF"!$783Ai!#-}E5$BD!$B6E5F)Q2YFn7F&tB*H!$$lr!n&\7F2€!$#
$B*24+-)6%!BD7 TEM7 2G2}+--BD!ry!$7C5?F3A5JFB*!#- [ FE5FP|k>#-sE57F$H+-EMs7&n!#-B6‚ƒ9_s#@?F8!BD21s!$7C$5„EM!
F.E57F$B6./5!$#-}&\+-.215H!F)tB*I+'7&q9<;"=C.!I!521a/!]!$7N@?F7 B*.!#-1a-Bj!$&()*)*!#%!]McdEM7 2G21E54# EM7 +-H!$$l.fP
9O#%!i4!#-G&\+-.-F215H!F),B*I+'7&b9<;>=‚Y;bM&\7F1$X:$B*-JK!$#-B6gEM7 IB6./!#-1)* ELUV7&>IB*24+-)6%!BD7 -B6r!L
!#%!'#@?Fi!$#-GEM7 0EM+)j!+-F)$UBD)*)*0$lH+-BD.!7sFa-a-EMB6%!i3A7!$#!$#-GI+-3-!$)*4H+-B*$2GH!n7F&,!$#-GIB*24+)*c
!BD7 y2G7/./)D4.!#-Y!EL#--7 )D7 JFB6E5F)vB*/&\LFI!$+E…!+-G7F&bXb53-c†3 Il.CFa-a-)*B*E%!BD7 5P=BD2}+-)6%!$B*7FB*I!]!5.C!7
&(F)D)fB*H!$7}!rX:7GE5!$5J 7FBDl5eF!$#-7HI'X"#-7G#@?F24+EL#sM`/aA5BDEM'BDIB*24+)*!$B*7FK217/./)DB*-JG2G5!$#-7/./7 )D7 JF eH3+/!b7
B6./l47F&Q!$#-]aA7!5H!$B6)‡7&!$#-'Xb53Qe-F.Y!#-7 $X"#7}#@? 0U-7%X")*./J 07F&IB*24+)*!$B*7FK217/./)DB*-JGBD/&\LFI!$+EM!$+-
m\!$#-G!EL#--7 )D7 JFB*0!$#!'7 -G21@N+$}!$7NI+-aa7 I!'!$#-Ga-7/EM7&:$BD2}+-)6%!$B*7FC217.-5)*BD-Jon3+/!g)DBD!I!)DGB*.-s7&
!#-N-5l.-1.T$lH+-BD521 !L47F&'$BD2}+-)6%!$B*7FT2G7/./)DB*-J_a-LFE…!Bj!BD7 -5LPu-7F15`/F21a-)D eq7FsXb5)*)>?F5L$.|B*
B*/&\LFI!$+E…!+-L)>B*$+-G2Y@I+JFJFlr!}!$#!Y?HB*$!$+F)"$l)*Bj!ryB6Y+$M&\+)>!$EL#-B*H+-NB*ˆ$B*24+-)6%!BD7 QPT‰ [ xqe
&\7 05`/F21a-)D eJ BD? >+n!$#-i7 a-aA7F$!$+--BD!rs!$7Y!7K./5? 5)*7FaV$7Fa-#-B6I!$B6E5%!.?BD$!$+)QH?B*$7 -215H!"!$#!07F-421@
B*H!$ E…!tX"Bj!#QP ^ !t+$l‚ ^ !,2Y@g3"$+-JFJ I!$.i!$#!,‰ [ xVE57F+-)6.4F+-JF21 !MŠ@5a-)6FE5q!#-"-B*2Y%!$B*7FG5?B*$7 /c
21 !L>+$.8B*sE57F21215LEMB6)‡IB*24+)*!$B*7Fs$7&‹!rX>FP ^ &Œ!#-B6:B6:!$#-gEF$FeX"#%!"EM7 +-)6.8BD!" .-.Y!74!#-gIB*24+)*!$B*7F
217/./)DB*-Ja-7/EMl$L‚z07%XŽBD21aA7F$!H!iB6i?B6I+F)DB*!$B*7F_&\7F4a-$7 3-)*52.-M‘-BD!$B*7FŒetE57FE55a/!+)2G7/./)DB*-Jev5`c
aA5B*2GH!%!BD7 Qe?F$BD‘E5!$B*7FQeH?%)*B*.%!$B*7FŒeH5!EFP ‚Vk>#$H+-lr!BD7 :!$#!>i!$lEL#--7F)*7FJ B*I!bE57F+-)6.87!"$X:
X"BD!$#7F+/!8$BDJ -Bj‘AE5H!1EM7FI+-)D!!$B*7FX"BD!$#ˆa E…!$BD!$B*7F5G7&$BD2}+-)6%!$B*7FŒPyk>#E57F$H+-EMs7&n!#-B*GB6}!$#!
9<;"=sEM7 +-)*.$+Ab&\$7 2
4a)D5!$#-7 }7&ŒX"#Bj!')Da-#F !L!EL#-7F)*7FJFB6E5F)Xb7F./5Lq!#%!"#@? )*BD!I!$)*]7F>-7G+$
!7Y!$#}$BD2}+-)*!$B*7FV217/./5)*5lP ^ EM7 EM)*+$BD7 Qe-!#-54g2YNF"!$#!n&()*)Œ+-./50!$#-}+-243-5)*)6Y7&,9<;"=
F.!$#5iB*n24+EL#VXb7FUY!$7K34.-7F- P>k>#i2YB*NFa-a-7 EL#K!#%!$#-7 +-)*.N3Ag!LUFN!$78E$s7F+/!"!#-B*Xb7FU
2}+I!i3JFB*|3H3-$B*-J BD-JN!7FJ M!$#5]!$#Y21FBD)D_./B*$aF!$121M!$#7.-7F)*7FJFC._B*/&\ r!$+E…!$+$YEM7 2124+--BD!$B*
3KGa-7FJ F2Ž7&t./+E%!BD7 QPR-)DK3HsFE5E57F21a-)*B*$#-B*-J}!$#-B6nE5FsXb'3iE55$!B*7&)6@BDJG}‘2
&\7F+.-%!BD7 7 NX"#-B*EL#9<;"=E53Ag3-+-B*)j!lP
z=($'4 rÀ`@BIWJL$-,IÀ+<MaO7?:;CP$'&
OW2*4 ,>&
OD?:;CE$'&ŒÀ$H5;$')G$Q<'O ÂQ? ,3"\O FV& O74,ZO7?:%CE$'&
OW2*4 R%ÀIÁ Â_ÁUT?A2c<_ÀBC IG&7"lÀ32*)uÀc&
O
0BT
O74cFB2*)V? $Q&
O
2*4I &7"l3À 2*)BÀ &
OW0>T $F>$Q0 ÀB& 2GF,B2*?bÀ_CP$*) Â.ÀB) 0Z2*4=0oÀ 51&]g=i
DIOIH?EP¤`GWN9rŠ$DOuDGDI9‰WNO¤W!LWpF&WNe:?EV7g2O8:?BTªPG=k8KDO8:?BTªP4?BO4679KD1T”F67g•WŸO?Bg–Z:ABWpP?E679L?BOuP~8K6šMNDGF&?B9KVŸ6šMNDGF
8L?BOx`˜67g LZ:PuDGFIHF&ZL9:9:?B9KV!D˜—lDGFo?Bg DI9.POxWN9:e¥WN9:WNABQ { ?B9:VhFDIOZ:ABPO¤Pu6@679KDv6NTV7AE6NŠ]WNAc:F6N$6NFP?E679LO¤^~?EP8
g–Z:AEP?BLAED¤?B9_PuDGFoWN`˜P?B9KVvFDIODIWpF&`&8KDGFoO~WN9:e<LF&WN`˜P?EP?E679KDGFoOG=k8KDIOuD$DG6NLABD¤WpF&D,O8:WpF&?C9KVaz9K6š^~AEDIeKVNDN=sk8KD
y 9.PuDGF&9KDGPbOuPWpF&PuDIe·P8:?BOFDGMN67ACZKP?E679
HsŠLZKPP8KDhˆ‰DGŠ™]ZKPv`GAE6NP8:?B9:V679™P8KD y 9.PuDGF&9KDGPG=™knF&WNe:?BP?E679:WNABAEQNH
WN`GWNe:DIgv?B`xO?Cg1Z:ACWpP?E679:?BOuPO8:W«[email protected]:gbWN9l‹Œ`˜67g LZKPuDGF?B9_PuDGFoWN`˜P?E679
=ˆ‰D–8:WIMND–WvAE679KV ^WIQ
Pu6¤VN6?B91P8:?BOYWpFDIW¤O?B9:`˜D3P8KDˆ‰DGŠPuDI`&8:9:67AE6NVNQ–O&Z:e:eKDI9:ABQ46N$DI9:OYZK9KDG^·eK6z6NF^3W«QzOYPu6¤67ZKFc9KDI?EV78.Š$6NF&OG=
!€z
† ƒ n†I€ Œ„qƒ <„ . ”ƒL„ B*2GaA7F$!FH!}F$alE…!47F&>!$#-B64B64 E5E5IB*3-B*)DBD!rFP 2Ypr7FiB*21aFEM!}7&"9<;"=y21F]!#%!1IB*24+-)6%!BD7 evF.
!#-iB*/&\7F2Y%!BD7 s!#%!'YIB*24+-)6%!BD7 NJF55L%!$l5eE5N3Ai217Fg$lF./B*)*sFEEMl$$.K!$#FVB*0EM+-$H!$)*8!$#4E5 I P
9<;"=‡e#-7%Xb5? 5lea-7%?B*./lqiX"B6./:EM7 H!$M`!:&\7F:$B*24+-)6%!BD7 1!$743A0+Il.fP,zn7%X7&‹!5K./7l7 -nH+-B*$0F)D)!$#
&( EMB*)DBD!$B*7&Qg$BD2}+-)*!$B*7FYaa-)DB6E5!$B*7F‚:7 IB6./,!$#-IBD!$+!$B*7FYX"#-$ng$B*24+-)6%!BD7 -B*I!q# .YEM%!.1g$5BDl
7F&b217/./),$+-]X"#-51FEL#yBD2Y%!.C217.-5)q?B*5XB*)*)D+I!$L%!.feQ&\7FgM`-F2Ga)D eEMI!LB*aA7!5H!$B6)qa$7 3-)D2Y
X"BD!$#}!$#ba$7/./+EM!$B*7Fi)*B*->+-./tI!$+./FPtu-7 Œ!#-"IB*24+-)6%!BD7 4a-7prlE…!!$7]EM7FH!BD+- e@!$#-"$BD2}+-)*!$B*7F-B6I!H+-B*$l
!#%!> EL#82YFJF:I!$+./B*:!#-'F-B*21!$l.8?BDXn:F.Y5aA7F$!:3FELU17 Y!$#-BD>7 3I$?%!$B*7FP ^ K!$#-B6>E5 I0F)D)
!#%!nB6>-./l.KB6b!$#-iF-B*21!$l.K?B*5Xge/-7F!b!#-gX"#-7 )Dg$BD2}+-)*!$B*7FaFELU%FJFFPtk>#-]Xb7F)*.KX"B*./gXb53a-7%?B*./l
FYM`!$521)DGI+-BD!F3-)*n21EL#F-B*$2
&\7 aa-)DB6E5!$B*7FI+EL#Y t!$#-B6Ptk7g&\+-$!$#5q5`a.G!#-0EM7 212GH!,2YF.-
F37%? Fe Bj&‡!$#$#-Bj&‹!:!$7i9<;"=1EY3An2YF./ eF!#-5YBD!:X"B*)D)a-)6@GFGB*21a7 I!LH!7F)*"BDKBD/&\7 $2Y!$B*7F/ch3F$.4‘)*.-
$+EL#VFbU-7%X")*./J ]21FJ 5215H!lP
z=
_2*m 03$'4 o4=2*m CBÀ+<«Â.ÀFV)[2*? &7"KÀS<Q2*?A$*O74X, G2 F 30 2`2Z5KÀ>)[$'&
OW2*4 R À«ÁÃÂ.ÁETH@>:%,ZO74À>,3,5=)[2c0oÀ>,3, ?A2c<_À>C]O74. $*41<
m2')3o 2*m6g#$*4=<#0Z2*CDCE$\@32*)G$Q&
O
2*4 R À«ÁÃÂ.ÁET9M g @&À $Z5Q5=C]O|À+<jO74 À`@>IKJL$-,GÀ3< MaOD?:;CE$'&
O
2'4i
Ž f Ž3ˆ¢?BOWN91WpFDIW^8:?B`&81O8K67Z:ACe¤D˜—zLAB6zeKD*^~?EP8:?B9¤P8:DsO?Bg–Z:ABWpP?B679`˜67gvg1ZL9:?EPŒQN= y PFDIWNABABQ48:WNO&9 PŠ$DGDI9
Pu67ZL`&8KDIe
Hc^8KDI9`˜67g ]WpFDIe^?EP8¥P8KDS:FDG$679:eKDGFoWN9:`˜Dv6NT~57W«MqWq‹|Š]WNOuDIe¼gvWN9.ZLO`˜F&?E:POIHY?ET679KD!`˜67Z:9.PO
¶
]WpDGFoO!?C9’LF6z`˜DGDIeL?B9KV7OŸWN9:e²tu67ZKF&9:WNABOI= >h67OuPhO&?Bg1ZLABWpP?E679:?BOPObP8:?C9Ka™?B9¸PuDGF&gvOŸ6NT–WN9/?B9:e:?BMz?BeLZ:WNA
O&?EPuP?B9KVhWpP–WheKDIOuaHY`˜F&DIWpP?B9KV@Whgv6zeKDIA|=Sk8KD LF6NŠLAEDIg ^?EP8‰P8:?BOO&`˜DI9:WpF&?E6@?COP8:WpP1?BP,?BOxOu67gvDG^~8:WpP
WpFo`&8:WN?B`~WN9:e ?B9KD b`G?BDI9_PG=Yˆ¸m f AEDIWNe:OdPu6xP8KD$67OO&?EŠL?BAB?BPŒQ6NT$g 6ze:DIAKAB?EŠ:F&WpFo?EDIO6NF*FDG$67O?EPu6NF&?EDIOdO?BPZ:WpPuDIe
6šMNDGFvP8KD!ˆ‰DGŠ[Hs?C9²`˜67g ]WN9:?EDIOGHZ:9L?EMNDGF&O?EP?BDIO,WN9:e“VN6«MNDGFo9:g DI9.Pv?B9:OuP?EPZ:P?E679:OG=rˆ¸8KDI9¼?EP?BO1P?Bg D!Pu6
WNe:MqWN9:`˜DeKDI`G?BO?B679™gvWpal?B9KV¥P8KF&67ZKV78½O?Cg1Z:ACWpP?E679
H*P8:Dr`˜67g LABD˜—·gv6zeKDIA9KDGDIe:ObPu6Š$D@`˜679:OuPuFoZ:`˜PuDIe
T”F67g ˆ‰DGŠK‹|ŠLWNODIe<g 6ze:DIAB?B9KV,`˜67gv679:DI9_POG=sŽFDIWpP?B9KVWg 679K67AB?EP8L?B`g 6leKDIA]TªF67g­O`˜FoWpP`&8
Hl6NFŠzQv679KD
$DGF&O679
H^~?BACAs9K6NP:F&6«Ml?BeKDŸDI9K67ZKV78·AEDGMNDGFoWpVNDhTª6NFvZLO?B9KVP8KD<PuDI`&8L9:? ¨ ZKDŸ6NTO?Bg–Z:ABWpP?B679“?C9²P8:D<®:F&OuP
]ABWN`˜DN= f ?Bg1ZLABWpP?E679¥?BO1D˜—lDI9LO?EMNDNHdŠLZKP1P8KDSˆ‰DGŠ™?COxVN67?B9KVPu6‰gvWpaNDŸ?EP–`o8KDIWp$DGFI=r}~DIZ:OuD!6NT~g 6leKDIA
`˜67gv679:DI9_PO¤^~?CABAeKFoWNOuP?B`GWNABAEQŸFDIeLZ:`˜DP8KD1P?Cg D–9:DGDIeKDIeœTª6NFg 6leKDIAYeKDGMNDIAE6NLgvDI9_PG= y P?BO9L?B`˜D1Pu6<Š$D
WpŠ]AEDbPu6œ`˜FDIWpPuDh57W«MqW`˜67g $679KDI9.POGHdŠLZKP,P8:DIOuD!e:6r9K6NP1PWpaND!P8:DSLACWN`˜Db6NT8:?EV78:DGFu‹ŒAEDGMNDIA HdWN9:e“g 6NFD
Ml?BOZLWNA HLg 6leKDIA[`˜67g $679KDI9.POP8:WpP~DI9:WpŠ]AEDx^36NFaNDGF&OPu6Sg 6NFD–`GAEDIWpF&AEQŸZ:9:e:DGF&OuPWN9:e<P8:D1OuQlOuPuDIg ZL9:eKDGF
OPZ:eKQN=
!€z
† ƒ n†I€ Œ„qƒ <„ –‡€ Œ hn
k>#G215JFB*-JKa-LFEM!$B6EMNm\B*!#-13-+$BDa$7/EMl$217/./5)*BDJF.Xb7FUH„7%X
EM7 2G2}+--BD!$B*Lo7&3-+BD)6./B*-JN$5c
+$F3-)Dga$7/EMl$"F.X:7 $UH„7%X<!$521a-)6%!nF.217.-5)Q)*BD3F$B*b-.-"B6"+$M&\+)Q&\7F"9_53-ch;>F$.N$BD2}+-)6%!$B*7FŒP
B6r!$B*3-+/!.W!$2Ga)*!$1F.T)*B*3-F$B*}7&'IB*24+-)6%!BD7 T217/./5)nE57F21aA7F- !LGBDE5$lF$K!#-NEM7 I!Y ‡EM!$B*?F5
7F&217/./5)*BDJF.F)*/IB65P [ lEM !gF.-?@FEMl0B*C.-B*I!$BD3+/!$l.CE57F)*)*F37 !$B*7FN!$lEL#--7 )D7 JFB*n2Y@V3AGFa-a-)*BDl.
./?%H!FJF7F+$)D&\7FG9C3/cd;b Il.|IB*24+)*!$B*7FQP T5`-21a-)*K7&"!#-B64B6i!#-+Is7&0./B6I!$BD3-+-!$.WIB*24+)*!$B*7F
217/./)DB*-Js&\7F'‰0B*I!+)
q7!7!ra-B*-Jm\‰:o'.=B*24+-)6%!BD7 C;>F$.$B*JFTm†=/;'oMPf‰
.=-;ŽF$}+Il.
5`!$5IB*?F)D8B*!$#-iF57 $aFE5Fe+/!7F217!BD? Fe-F.s$#-B*a-3-+-B*)6./BDJYBD.-+r!$B*P
S4*4"$´ ‘ *4"$ - ’-/* ]& m3DI`GWNZ:OuDˆ‰DGŠ:‹|ŠLWNOuDIebO6NTªPR^3WpFDeKDGMNDIAE6NLg DI9.P?B9.MN67AEMNDIOc:F&6NVNF&WNgvgv?B9:Vp‹Œ?B9l‹|P8KD˜‹ŒABWpF&VNDNH7?EPc?BOc?Bg $6NFPWN9.PdPu6xZ:OuD
OuPWpPuD˜‹|6NTª‹|P8KD˜‹ŒWpFPsPuDI`&8:9:? ¨ ZKDIOdT”F67g Ou6NT”PŒ^WpFDDI9KV7?B9:DGDGF&?B9KVKHNe:?BOPuF&?EŠLZKPuDIe1OuQlOuPuDIgvOcWN9:eWpFP?E®]`G?BWNAl?B9_PuDIACAB?EVNDI9:`˜DN=
ŽZKF&FDI9_PABQNH[P8KDGFDb8LWNOŠ$DGDI9¥OZKŠLOPWN9_P?BWNA:F6NVNFDIOO,?B9œP8KDbWp:]AB?B`GWpP?E679œ6NT`˜67g $679KDI9.P%‹|ŠLWNOuDIe²WN9:e¥WpVNDI9.P%‹
ŠLWNOuDIe¸Wp::F&67WN`&8KDIOG= y 9½P8:?BObODI`˜P?E679
HP8KF&DGD ¨ ZKDIOuP?E679:OSWpFD67ODIe½WN9:e’WNe:eKFDIOODIe™Pu6¼8:?EV78:AB?BV78_Pv?BO&OZKDIO
FDIABWpPuDIehPu6vˆ‰DGŠK‹|ŠLWNOuDIerO?Bg–Z:ABWpP?E679[=
³p= 3, &7"l>À )#À $IQÂ )uÀo>À ?b>À 4&n2'4&7"l#À <_WÀ 84aO
&
O
2*4a,j2GFR/$Vg2k@ I+À 0c&7T R @Gg032'? 5X2*4>À 4=&N$*4=<lR 0Gg$IÂz>À 4&|Á _2*m $*)uÀ
&7"K>À YA,VOD?O7CP$') $*4=< ";2*m $*)uÀ &7"K>À Y <'O 4BÀ )uBÀ 4&>i
;4AEP8K67Z:V78²P8:DGFD!?CO19K6œZ:9:?BMNDGF&OWNA3WpVNFDGDIg DI9.P 679²P8:D!eKDG®]9:?EP?E6796NTP8KDŸPuDGF&gvO1‹¤6NŠlt%DI`˜POIHs`˜67g $6p‹
¿
:9 DI9_POGHcWN9:e²WpVNDI9_POIHcP8KDIOuDbPuDI`o8:9K67AE6NV7?BDIO,LACWIQ‰WN9²?Cg $6NFPWN9_P,F67AEDb?B9¥DI9:8:WN9:`G?B9:VhP8KDbD˜©$DI`˜P?EMNDI9KDIO&O
6NTcg 6leKDIAB?C9KV–WN9Le<O?Bg–Z:ABWpP?E679
=c;49<6NŠltuDI`˜P~?BOWvOPuF&Z:`˜PZKFDIe<`˜67ACAEDI`˜P?E679<6NTd?B9KT”6NF&gvWpP?E679[=§¤Šlt%DI`˜POWpFD
`o8:WpF&WN`˜PuDGF&? { DIeŠ.QP8KDs:F6N$DGFP?EDIOP8KDGQD˜—K8:?EŠL?EPGHšP8KD3FDIABWpP?E679:O&8:?ELO$P8KDGQŠ$DIWpFY^~?EP8,679KDsWN9K6NP8:DGFIH7WN9:e
P8:DŠ$DI8:WIMl?E6NF&OcP8LWpP*P8KDGQ WpFD~`GWp]WpŠLAED6NT =s§4ŠltuDI`˜PŠ$DI8:WIMl?E6NF*?COgvWN9:?ET”DIOuPuDIe ŠzQP8KD£:6š^½6NT
g DIOO&WpVNDIO
Š$DGPR^sDGDI9œ6NŠltuDI`˜POG=¤k8KD–6NŠltuDI`˜P%‹|6NF&?EDI9.PuDIe‰Wp::F67WN`o8rPu6ŸOu6NT”PŒ^WpFD eKDGMNDIAE6NLgvDI9_P?B9:`GACZ:eKDIOWNe:eL?EP?E679:WNA
`˜679L`˜DG:POvOZ:`o8¼WNO1DI9L`GWpLOZ:ABWpP?B679
H?B9:8KDGFo?EPWN9:`˜DNHcWN9:e“$67AEQzgv6NFL8:?BO&g<HnWN9:e¼8:WNO–Š$DGDI9¼OZ:`G`˜DIOOT”Z:ACAEQ
ZLOuDIe<T”6NF~Ou6NT”PŒ^WpFD1eKDGMNDIAB6NLg DI9.P6«MNDGFP8KDxLWNOuPe:DI`GWNeKDN=
;`˜67gv679:DI9_P~?CO~WN9@?C9:eKDG$DI9:eKDI9.PAEQbeKDG]AE6«Q7WpŠLABD,OuDGP~6NTO6NTªPR^3WpFD–OuDGFMl?B`˜DIOG=k8KD1`˜67g $679KDI9_P%‹|Š]WNOuDIe
WpL:F67WN`&8Pu6<Ou6NT”PŒ^WpFD eKDGMNDIAE6NLgvDI9_P?BO4WN9œWpFDIWb6NTs?B9_PuDI9LOuD1F&DIOuDIWpF&`&8‰WN9LereKDGMNDIAB6NLg DI9.P4?B9rP8KD?B9l‹
T”6NF&gvWpP?B679rPuDI`o8:9K67AE6NVNQœ`˜67gvg–Z:9:?EPRQN=k8:?BO4Wp::F67WN`o8‰OuDGDGalOPu6Ÿ:F&6«Ml?BeKD–P8KD–gvDI`&8:WN9:?COgvO4P8:WpP¤^~?BABA
WNACAE6«^že:DGMNDIAE6N$DGF&OPu6bWNOODIg,ŠLABD,Ou6NT”PŒ^WpFD1OuQlOuPuDIgvOTªF67g `˜67ABAEDI`˜P?E679:O~6NTnF&D˜‹ŒZ:OWpŠLAED]WpFPO6NF~Š]Z:?BABe:?C9KV
Š]AE6z`&azOI=bk8:?BO¤Wp:LF67WN`&8²8:WNOxŠ$DGDI9œMNDGFQ‰OZ:`G`˜DIO&OuT”ZLAc?B9‰P8KDv8:WpFoeK^3WpF&D ^s6NF&ACe¥WNOxDGMl?BeKDI9:`˜DIeœŠzQœP8KD
¯p]ABZKVWN9:e!LABWIQl¯–8:WpF&eK^WpFD4DGFo?EL8KDGF&WNACOcTª6NF`˜67g ]ZKPuDGF&OG=k8:DLWpP8!Pu6 OZ:`G`˜DIO&O8:WNO3ŠDGDI9Ÿ`˜679:O&?BeKDGFu‹
WpŠ]AEQSOAB6«^3DGF?B9!P8KDxOu6NT”PŒ^WpFD,WpFDI9:W6š^~?B9KVPu6v?B9L8KDGFDI9.P3`˜67g ]AED˜—l?BPŒQb6NTdOu6NT”PŒ^WpFDN=sk~8KD`˜679_MNDGFVNDI9L`˜D
Pu6¥WrFDIABWpP?BMNDIAEQ¥F6NŠLZLOuP–ODGP–6NT4¯NOuPWN9:e:WpFoe:¯œABWN9KV7Z:WpVNDIOWN9:e“:F6NPu6l`˜67ABO ?B9²P8KDŸLWNOuP–T”DG^ QNDIWpFoOvWNZl‹
V7Z:F&O^3DIABAdTª6NF1?B9:`˜FDIWNO?C9KVŸLABZKV<`˜67g LWpP?BŠL?BAB?EPRQr?B9œP8:DvOu6NTªPR^3WpF&DSeK67gvWN?C9
=vXF67gb?B9KDI9.P4PuDI`o8:9K67AE6NV7?BDIO
P8LWpPsT¦WN`G?BAB?EPWpPuD`˜67g $679KDI9_P%‹|Š]WNOuDIeSO6NTªPR^3WpFD¤eKDGMNDIAE6N]g DI9_P3?B9:`GABZLeKDŽ§>\H xŽ§>H.;4`˜P?EMND –H y&y §¤XYH
}4> y HY5_WIMpWrm3DIWN9:OIHWN9:e“Ž§}~m;,=Y}DIABWpPuDIe²PuDI`&8L9:? ¨ ZKDIO,WpFDŸeKDIO?BV79¥LWpPuPuDGF&9LOGHYWN9LWNAEQzO&?BOxLWpPuPuDGFo9:OGH
WN9Le@6NŠltuDI`˜P¤6NF&?EDI9.PuDIeœeKDIO?EV79rWN9:erWN9LWNAEQzO&?BOgvDGP8K6zeLOG= f 6NT”PŒ^WpFD `˜67g $679KDI9.PO¤WN9:e@P8:D–`˜67g $679KDI9.P
Š]WNOuDIeŸWp::F67WN`o8<`GWN9ŸŠD4Z:OuDIe!Pu6T”WN`G?CAB?EPWpPuD4Š6NP8Ÿe:?COuPuF&?EŠLZ:PuDIevO?Bg–Z:ABWpP?E679!g 6leKDIAeKDGMNDIAE6NLg DI9.PWN9:e
O&?Bg1ZLABWpP?E679‰g 6leKDIAcWp:LAC?B`GWpP?E679œ679¥P8:D y 9.PuDGF&9KDGPG=!k8KDvWp::F&67WN`&8O&ZKVNVNDIOuPuDIe¥ŠzQ¥>§,§ f i Ä pÆ3e:?BO%‹
`GZLOOuDIO–DIAEDIg DI9.PO,6NT~P8KDST”6NF&g DGF«=rk8KD!Z:OuDS6NT~`˜67g $679KDI9.PO,T”6NF eKDGLAE6šQz?B9:V@O?Bg–Z:ABWpP?E679LOPu6rDI9LWpŠLAED
eL?BOuPuF&?EŠ]ZKPuDIeŸWN9:WNAEQlO?BO8:WNOŠ$DGDI9<P8:DTª6l`GZ:O6NTcgvWN9.QSF&DI`˜DI9_P4?B9:?EP?BWpP?BMNDIO?B9:`GABZ:eL?B9KV–5 fzy > Ä µzH³I¶pÆnWN9:e
y ¤i f Ä ³I pÆ|=
f 6NTªPR^3WpFD¤WpVNDI9.P*PuDI`&8L9K67AE6NVNQb?BO*WN9vDIg DGFV7?C9KV,WpFDIW,P8:WpPsWp:$DIWpF&O*Pu6,6p©$DGFsO?BV79:?E®L`GWN9.PŠ$DI9KDG®:POcPu61P8KD
O&?Bg1ZLABWpP?E679œ`˜67gvg–Z:9:?EPRQN=vk8KD `˜679:`˜DG:Px6NTWN9‰WpVNDI9.P,^WNO®:F&OuP?B9.PuF6le:Z:`˜DIeŠzQ‰ŽWpFoAc¬~DG^~?BPuPx?B9œ8:?BO
`˜679L`GZKFFDI9.PWN`˜Pu6NFsg 6leKDIA =d;49 WpVNDI9_P*?COceKDG®L9KDIeWNOWOu6NT”PŒ^WpFDDI9.P?EPRQ1^~8L?B`&8T¦Z:9:`˜P?E679LOY`˜679.P?B9zZK67Z:OABQ
WN9Le–WNZ:Pu679K67g 67Z:OABQ,?B9–W]WpFP?B`GZ:ABWpFYDI9.Mz?EF&679:g DI9.PGHN6NTªPuDI9 ?B9L8:WpŠL?EPuDIe,Š.Qx6NP8:DGFWpVNDI9_POWN9Le1LF6z`˜DIO&OuDIOG=
wxDGQ¼`o8:WpF&WN`˜PuDGF&?COuP?B`GOSP8:WpPbWpVNDI9.POSO8:67Z:ABe¼D˜—K8:?EŠL?EP ?B9L`GABZ:eKDN‡¹¦? º ;ZKPu679:67g,Q‡@^~8:DGFDhWpVNDI9_POŸ8:W«MND
?C9_PuDGF&9LWNA]OuPWpPuDIO~WN9:e!VN67WNABOGHKWN9:e!P8KDGQvŠ$DI8:W«MND¤?C9SWgvWN9:9:DGF3P8LWpP3DI9LWpŠLAEDIO3WN`G`˜67g LAB?BO&8:g DI9.Ps6NTnVN67WNABO
679Š$DI8:WNAET36NT?BPO,Z:OuDGF«H3¹¦?B? º Ž6.6N$DGF&WpP?E679[‡x^~8KDGFDSWpVNDI9_POg–Z:OuPxŠ$DvWpŠLAEDbPu6r`˜6z6NDGFoWpPuDb^~?EP8¥6NP8KDGF
WpVNDI9.POs6NFs8zZ:gvWN9 Z:OuDGFoOGH_WN9:e@¹¦?C?B? º [DIWpF&9L?B9KVK‡^8KDGFDWpVNDI9.POsg–Z:OuP?Bgv:F6«MNDP8:DI?EF$DGFT”6NF&gvWN9:`˜D6šMNDGF
Å
P?Cg DN=*;VNDI9_PO~P8:WpPD˜—K8:?EŠL?EPAEDIWpFo9:?B9KV`&8:WpFoWN`˜PuDGF&?BOuP?B`GOWpFD,`GWNABABDIeh?B9.PuDIABAB?EVNDI9.PWpVNDI9_POG=
k~8KDv:F&?CgvWpFQœg 6NP?EMpWpP?E679T”6NF1`˜67gv679:DI9_P1PuDI`&8:9K67AB6NVNQ?BOxF&D˜‹ŒZ:OuDN=rŽ367g $679KDI9.PO,WNeLeKFDIOO1Ou67g Db6NT
P8:DPuDI`o8:9:?B`GWNAWN9:evLF&WpV7gvWpP?B`~ŠLWpFF&?EDGFoOPu6–FD˜‹ŒZ:OuDP8:WpP*6NŠltuDI`˜P3PuDI`&8:9K67AB6NVNQbT¦WN?BAEDIe Pu6WNe:eKFDIO&OG=*Ž367g‹
$679KDI9.PO8:W«MNDxŠ$DGDI9<FDIABWpP?BMNDIAEQSg 6NF&DxOZ:`G`˜DIOOuT¦Z:A$T¦WN`G?BAB?EPWpP?C9KV `˜67OuPD˜©$DI`˜P?EMND1Ou6NT”PŒ^WpFD,e:DGMNDIAE6NLg DI9.PGH
e:DGLAE6«Qlg DI9.PGHWN9:e’DGMN67ABZKP?B679
=k~8KD`o8:WpF&WN`˜PuDGF&?COuP?B`GO!6NT1WNZKPu679:67g,Q½WN9Le¸`˜6z6N$DGF&WpP?E679e:?BOP?B9KV7Z:?BO&8
WpVNDI9.PO1TªF67gŠ$6NP8¥`˜67g $679KDI9.PO,WN9:e‰6NŠKt%DI`˜POG=!k8KDb`GWp]WN`G?EPŒQ‰Pu6@ABDIWpF&9¥WNe:e:O,WN9K6NP8KDGF1ABDGMNDIAc6NTOu6p‹
]8:?BOuP?B`GWpP?B679ŸP8:WpP~`˜67g $679KDI9.POWN9:e<6NŠKt%DI`˜POABWN`a=
!€z
† ƒ n†I€ Œ„qƒ <„ hh”€.„ R3-prE…!L]a-7%?HB6./Y_B6./F)t&\7F+-.%!$B*7FC&\7Fg5+$F3-)DYE57F21a7 -5H!]!$lEL#--7 )D7 JFFP1u-7F2
7F-1aA7FB* !i7F&:?B*5XgeŒBD&
.-H21B*EBDH!5LFE…!BD7 i3AM!rXb5547F3/prlE…!B6$+-a-aA7F$!$l.fe@!$#-4 7F+g#@? :EM7 21a7 -5H!Pk:a-B6E5)*)*Fe%i7 3/prEM!X"B*)D)
5.i!$73b3-)*q!7n‘.Qe)D7HF.gF.i./F2GB6E5F)D)*gE5F)D)H21M!$#7.Œ7F&-7!$#5v7F3/prlE…!bm\B*H!$7 $alE…!BD7 4.i$5„EM!$B*7F
EaF3-B*)DBD!$B*Lo…P
^ !1B61)6I7_+$M&\+-)>!7C3AV3-)*s!$7|$@? @Š%$lr!7F1!$#-VI!%!s7F&'E57F21a7 -5H!Lm(a$B6r!5E5F.
$5B6)*BDl%!$B*7FiEaF3-B*)DBD!$B*Lo…P '$l%!$Q„5`/BD3-B*)*Bj!rgB*4EM7 21a7 -5H!B*H!$ E…!$B*7F4B*vFEL#-B*5? .]BD&45?FH!vE5Fa3BD)*Bj!r
B6i$+-a-aA7F$!$l.fPKuvBD)*)D eEM7 21a7 -5H!4G?FC217F1+$M&\+-):Bj&b!$#-CEyBDH!5LFE…!g5217!5)*Tm(.-B*I!$BD3+/!$B*7Fo
7 0+-BD? 5L$F)D)*Cm(a-)*!I&\7 $2ƒBD./5aA5.-5H!…Š%9C3/c†3F$.oMP'R-4E57F+-)6.N3-+-B*)*.FJF5H!n3 Il.VI/I!$2€7 V!$7 aV7&
E57F21aA7F- !!$EL#-7F)*7FJ FP ^ &Œ.-B*I!$BD3+/!$l.8EM7 2GaA7F5H!,#Fq-7F+JF#G„M`/B*3-B*)DBD!rFeI)j&Œ$+ 8EMB*5EM1.
!7]a-$7%?B6./b#-BDJ #/ch)D?F5)/$5?B*E5Œ!$7]7!#-5,J 5H!v7 v+Ie@!$#-i2Y@g3>?B*5Xb.GFtJ 5H!Pk>#-B6,)6$70H+-B*$l
'xY7 $7F21M!#-B*-J
„M`/BD3)D e%#-BDJ #/ch)D?F5) EM7F212}+--B6E5%!BD7 g35!rX:54FJF !L‡!$7'EM7 H? 5'I21FH!$B6E5m(FP JP*e@+IB*-J
"!$#>EM7 )D)63A7FL%!BD7 QP,=7F21FJF [email protected] a-#-B6r!B*E%!.
.-EMB6$BD7 s2YUB*-J17F")*F$-B*-J1E5Fa3-B*)*Bj!BDl5e-2YFUHB*-J}!$#-2€217 $!$
%&$&'!'()*Œ
!$#FK!ra-B6E5F)ŒJ 5H!P
lH+-BD?%F)D !le/$@GBDKwxvo,!7i&(FE5BD)*BD!%!
z=!#"lÀ>4lm(O7CDC)À>:%,B$\@>CBÀ#$*4=<S0Z2*?5;2-,B$\@>CBÀ ,B2GFV&
m$')uÀ!032*?5;2*4$À>4&7,!@&À3032*?bÀ m(OW<_À>C]Y $'^-$*O7CP$k@>CBÀ#$*4=<¥À 4À+0cI
&
O7^pBÀ C Y :%,>$\@BCEÀ OD4 ,VOD?:;CP$Q&
O
2*4i j";$'& ,V&
O7CDC 4À&À3<-, &K2j"%$Z5Q5KÀB4 &K2j?A$-o7À&7"\OD,$ )À+$*C]O7&
Y6i V&h"%$-,@oÀ&ÀB4e$
k 2c$*CkF>2*) $HCE2*4.j &
O7?bÀIÁ
f 6NTªPR^3WpFD`˜67g $679KDI9.POWN9LehP8KD–`˜67g $679KDI9_P~ŠLWNOuDIeWp::F67WN`o8r`GWN9rŠ$D,Z:OuDIe<Pu6!T¦WN`G?BAB?EPWpPuDxŠ$6NP8re:?BO%‹
PuFo?EŠLZKPuDIe¼O?Bg–Z:ABWpP?B679“gv6zeKDIAe:DGMNDIAE6NLg DI9.PvWN9:e·O?Bg–Z:ABWpP?B679²g 6leKDIAWp:]AB?B`GWpP?E679“679¼P8KD y 9_PuDGFo9KDGPG=
k~8KDbWp::F&67WN`&8O&ZKVNVNDIOuPuDIe¥ŠzQ¥>§,§ f i Ä NÆ3e:?BO`GZ:O&OuDIO¤DIAEDIg DI9.POx6NTP8KDvT”6NF&g DGF«=Sk8KDvZLOuD 6NT`˜67g‹
$679KDI9.POTª6NF4eKDGLAE6šQz?B9:VbO?Bg–Z:ABWpP?E679LOPu6bDI9:WpŠ]AED,e:?BOPuF&?EŠLZKPuDIe<WN9LWNAEQzO&?BO~8:WNO~Š$DGDI9hP8KD–Tª6l`GZ:O~6NTgvWN9_Q
F&DI`˜DI9_P4?B9:?EP?BWpP?BMNDIO3?C9:`GABZ:e:?C9KV–5 fzy >(Ä µlH[³I¶qÆYWN9:e y 4i f Ä ³I pÆ|=
k~8KD¤PuDI`&8:9:?C`GWNA
`&8:WNABABDI9KVNDIOP8:WpPAB?Bgv?BP*P8KDZ:OuD¤6NTY`˜67g $679KDI9_PPuDI`o8:9K67AE6NVNQ!T”6NFO?Bg–Z:ABWpP?E679!g 6leKDIAB?B9KV
WpF&DP8KD~OWNgvDŠLWpFF&?BDGF&OdP8:WpP*AB?Cgv?EPd?EPOZ:OuD^?EP8:?B9–P8KD~ACWpFVNDGF*Ou6NT”PŒ^WpFD`˜67gbg1Z:9L?EPŒQN=k8:DIOuDPuDI`&8:9L?B`GWNA
Š]WpFF&?EDGF&OY?B9:`GACZ:eKD~¹¦? º PuF&WNeKD˜‹|6p©!ŠDGPR^sDGDI9 `˜67gv67O&WpŠL?BAB?EPRQxWN9:e–ZKP?BAB?EPRQNH:¹¦?B? º al9K6š^~AEDIeKVNDO8:WpF&?C9KV~ŠLWpF&F&?EDGF&O
¦¹ O&8:WpFDIe›679.Pu67AE6NV7?EDIOhWN9Le/OuDIgvWN9.P?B`‰?B9.PuDGF6N$DGF&WpŠL?BAC?EPŒQ º H–¹¦?B?C? º ACWN`a¸6NT–OuPWN9Le:WpF&e:OGH¤WN9:e ¹¦?EM º AEDGV7WN`˜Q
OQzOuPuDIgbOG=4k~8KD1Š$DI9KDG®LPO6NT*Z:O&?B9KVS`˜67gv679:DI9_PO4T”6NF4O?Cg1Z:ACWpP?E679@g 6leKDIAB?C9KVbWN9:eWN9:WNAEQlO?BO?B9:`GABZ:e:DS¹¦? º
gv6NFDhD˜©$DI`˜P?EMND@V7AE6NŠ]WNAFDIOu67ZKFo`˜DhD˜—z]AE67?EPWpP?E679¼P8KF&67ZKV78™e:?BOPuF&?EŠLZKPuDIe¼g 6leKDIAB?C9KVWN9Le™WN9:WNAEQlO?BOGH¤¹¦?B? º
?C9:`˜FDIWNOuDIeg 6leKDIAB?B9:VWpV7?BAB?EPRQ½WN9:e’F6NŠLZ:OP9KDIOOGH1¹¦?C?B? º AB6«^3DGFŸO&?Bg1ZLABWpP?E679½AC?ETªD`˜Qz`GABDœ`˜67OPOGHWN9:e¹¦?EM º
DI9L8:WN9:`˜DIe<al9K6«^AEDIeKVND,gvWN9LWpVNDIg DI9_P–¹¦`GWp:PZKFDNHgvWN?B9.PuDI9:WN9:`˜DNHLWN9:eŸF&D˜‹ŒZ:OuDx6NTYaz9:6«^~AEDIe:VND º =
!€z
† ƒ n†I€ Œ„qƒ <„ hh”€.„ u$7 2
'9C3/c†3F$.4$B*24+-)6%!BD7 4aA7FB* !$c†7F&‹c†?B*5XgeF4 ‡EM!$B*?F".i IHc†!$7Fc†+$a)*!I&\7F2
B*./5aA5./5H!EM7 21a7Fc
5H!"!$lEL#--7F)*7FJ YB*n-5l./.fP )j!#-7F+JF#QeE57F21aA7F- !$c†3F$../5? 5)*7Fa-215H!"# >35V1JF7H)A&\7Fn1)*7F-JFc !BD21 e
2YFHV)D215H!gF$G-7%XE57F21BDJK!7FJF5!$#-'!$73-$B*-JNEM7 2GaA7F5H!$VBDH!7X"B6./5c†+$FP}k>BD211X"BD)*)t!$)D),BD&b~H@?%
X"BD!$#ˆBD!YEM)*B*5H!IcdIB6./NEM7 2GaA7F5H!Nm(~H@?%C;blLo…e$5?FIcd$B*./EM7 2GaA7F5H!NmH!$5a-B*$s~H@?%;bFLo4F.
*
.-B*I!$BD3+/!$l.E57F21aA7F- !Lgm(~ BDB6obX"B*)D)EM7F2}3-B*-gI+ 8E5BD !naA7%Xb5leHlF$Mch7&‹ch+$'F.K 8EMB*5E58!$71+$#-"BD!$#
5X
5L-P :7F21'!$71!#-BDUK7&vBj!le/!$#%!nB6n}!)*)f7FL./P
z=nMa"%2*:;CP<!&7"lÀA0Z2*??bÀ>)[0BOW$*C ,GÀ30c&K2*)A$Q<Q2V51& 2')_m2*:;CE<#O
& @&ÀH@oÀB&W&ŒÀB)2 m(O
&7" $#Y7Àc& &K2!@&ÀH<_À>^NÀ>CE2Z5KÀ+<
nI O
Œ& ÀN$-,N,Z7
: «ÂzÀV,VŒ& À3<#@>Y SO o7À O
<\<6i
k~8KD ¬?EV78S DGMNDIAc;~Fo`&8:?EPuDI`˜PZ:FD@¹¦¬n ; º `˜67gbg1Z:9L?EPŒQ8:WNOxOZ:`G`˜DIO&OuT”ZLABAEQhAEDGMNDGF&WpVNDIe¥6NŠlt%DI`˜PxWN9Le‰`˜67g‹
$679KDI9.P¤PuDI`&8:9:67AE6NVNQœPu6heKDGMNDIAE6N¥Z:OuDGT¦Z:AYPu6z67ABO¤Tª6NFxO&?Bg1ZLABWpP?E679œg 6leKDIAB?B9KV!WN9:e‰WN9:WNAEQlO?BO4T”6NFxgv?BAB?BPWpFQ
WpLLAB?B`GWpP?E679LOG= y PbWp:$DIWpF&O P8LWpPbP8KD@`˜67gbg DGF&`G?BWNAO?Bg–Z:ABWpP?E679·`˜67gvg–Z:9:?BPŒQ·`GWN9½Š$DI9KDG®LP TªF67g P8KD
D˜—l$DGF&?EDI9:`˜DIOSWN9:e™?B9LO?EV78.PO V7WN?B9KDIe·ŠzQ·¬ n;2FDIOuDIWpF&`o8KDGF&O!WN9:e™:FoWN`˜P?EP?E679KDGF&OI=½;ABP8K67ZKV78™LFDIAB?Bgv?E‹
9LWpFQD˜©6NFPOs8:WIMNDŠ$DGDI9 Pu6xPuF&WN9:O&?EP?E679vL¬ ;`˜679:`˜DG:POsWN9:e Pu6z67ABOPu6,6NP8KDGFs`˜67gvg–Z:9:?BP?EDIOg–Z:`&8b^s6NFa
F&DIgvWN?B9:OnPu6¤ŠDeK679KDN=dk8KDL¬ ;~‹ ?EPuD?BeKDIW:F6N$67OuDIe1Š.Q–>@?EaNDXs?Be:e,?COnW¤OuPuDG ?B91P8KD3F&?EV78.PYe:?BFDI`˜P?E679
=
!€z
† ƒ n†I€ Œ„qƒ <„ . ”ƒL„ k>#7F3I$?%%!BD7 '!$#!Q!$#-bz0x $alEMBD‘E5!$B*7FQe%.'!$#-:$+-]!BD21:BD/&\LFI!$+EM!$+-‡!#%!#@?Fq3A5i./5? 5)*7FaA.fe
#@?FY3A55$+EEMI&\+-)qB6]!$+-Y&\7F2
!$EL#-7F)*7FJ B*E),aA5LIaAEM!$B*?FFPk>#- '=R€F.-?F7/E5!$'!#-Kzx J 5-F) a+-$aA7 $>LEL#-Bj!EM!$+-q&\7 t$B*24+-)6%!BD7 i$+$bF.iB*H!$57FaA5L3BD)*Bj!r Pk>#->z0x g
#Ft)6$703A55GF./7 a/!$l.
]!$#8uFE5BD)*BD!r&\7F B6r!$B*3-+/!.=B*24+-)6%!BD7 =/r!52Yg3V!$#R3/prEM!iFJF2GH! '7F+ayF._B*]B*y!$#
a$7/EMl$>7F&3AE57F21BDJ8 ^
W7FaA5VI!F.-L.fP
^ &>!#-B*4B*g!$#-KEF$1!$#-z0x cdxQBD!$8B6gaA7 IB*3-)*-7F!i!$#-K$B*JF#H!4./B*$lE…!BD7 _B*yX"#-B6EL#y!$7V217%?F8 '!$#-B64E57F+-)6.
.-M!$LFEM!i&\7F2
|521$J BD-JI!F.-F._L%!$#5g!#T .-.fP ^ I!$lF._!$#K+-)Dl5evB* !5$&(FE5KIaAE5Bj‘AE5%!BD7 iF.
!521a-)6%!]7&!$#-Yz0x I#-7 +-)6.3AGE57F$B6./5.&\7F2
!#-1a$alE…!BD? }7F&!$#})6JF}BD?Flr!215H!'2Y ./}3
!#-KE57F21215LEMB6)nm\7F/ch21BD)*Bj!L-o]IlE…!$7 gBD|$BD2}+-)6%!$B*7Fy217/./5)*B*-JI7F&‹!rXbF$ P8k>#-Y-._B*i!$#-$ P ^ !4Xb7F+-)6.
3A8./B 8EM+-)D!g!$7VJF+4!#-1-5l.&\7 i.-B*I!$BD3+/!$l.feQ)Dc†!$B*2GY$BD2}+-)6%!$B*7F&\7F]!FBD-B*-JNF]217 I!iIB*24+)*!$B*7F
µ
217/./)*qF$>+$.}&\7 F)D/$B*,F.Ga-)6--B*-J8m .}!$#5M&\7F>-5l.}!$7g+-1?F5i2}+EL#G&(FI!$5t!#YF)jc†!$B*21loMP
z07%X:?Fe-YE5)Dln217!BD?%!$B*7FNB*0$+$FP :7 $B*./0YEM7 21a8!#%!n#F0Y$B*24+-)6%!BD7 7F&t8a-$7/./+E…!$B*7FN)*BD
F.$B*24+-)6%!BD7 |7&nVX>5#-7 +I P ^ !}2Y@C3A8!#-sEF$m(F.|7&‹!5B6Lo'!$#!}lFEL#|7&>!#-$s$BD2}+-)6%!$B*7F
B6gEM!$l.V+$BD-JN./B ‡55H!i$BD2}+-)*!$B*7FaFELU%J sm\9OBD!$5eŒkv@)D7 e‡5!EP o…P}V7 I!'7F&!#-4&\7 $2Y!'+$.3
!#-$GaFELU%J nF$}BDEM7F21a!$B*3-)*sm(s217/./5)t$@? .N3V7F}E5F--7F!3A}7 a-.V3V7!$#5…o…P :+-$5H!)D eABD&
7 -YXb5}!7V%!I!521a/!i!7N)DB*-U!#-Y!rXb7VIB*24+-)6%!BD7 '!$7 JF5!$#-]!$#-Y7 -)D$lEM7F+$}Xb7F+)*._3A1!$7N$lEM7/./17F
$B*24+-)6%!BD7 KB*K!#-]7!$#5 :aFELU%FJFFPtk>#-B6>2Y@G3A]a-7F#-B*3-BD!$B*?F'BDs!$$2Yb7&E57 I!>F.K!$B*2G Pqk>#-B6:B6>)6I7}!$#
EF$4X"BD!$#$+-a-a)DVEL#FBD2YFJ 5215H!0X"#-$}$)D?%H!$BD2}+-)*!$B*7F02Y@7!7 -)*3A4X"BD!I!$B*./B A$H!
aFELU%J e/3-+/!2Y@KF)*$7Y3Aia-7Fa-BD5!F$m(7F-4E57F21aFHK21@sX"B*$#N!$78.-783-+$BD"X"Bj!#-7F!$#-n3-+/!21@
7!i3AGX"B*)*)DB*-JN!$7V$#1)*),7&>Bj!LgIlEMM! oTk>#-$YF$G2Y7!#-5]B6$$+-l'!$7N38E57F$B6./5.CBDyF../Bj!BD7 !7$B*2Ga)DN)*BD-UB*-JNIB*24+-)6%!BD7 0!$7FJ M!#-5Gm‹!$#G$52YH!B*EGEM7 !5H!7F&q217.-5)65eA&\7F]5`/F21a-)D@o…P]zn7%Xb5? 5leBD&BD!
Xb50aA7 $BD3-)*n!7}5+I0!$#-]IB*24+)*!$B*7F8217/./5)6b3Y)DB*-UBDJi!$#52
?B*G$7F21n&\7 $2Ž7&vEM7F-EM!$B*?F021B6.-./)*5X>
m I+EL#F]!#-szx oMeQ!#-5TNX"B6./8LJFY7&n!I!$LFEM!$B*?FYaA7 IB*3-B*)DBD!$B*4EM7F+)*.y3A87FaA5.y+-ay!7EM7 2G21E5B*F)
$B*24+-)6%!BD7 QP
x *o& +z&,+7"$ h 0 1=,B
kn6vgvWpaND,g 6leKDIAB?B9:Vp‹Œ?B9l‹|P8KD˜‹ŒABWpF&VND6šMNDGFP8KDˆ‰DGŠWFDIWNAB?EPRQNH:?BOOZ:DIOŠDGQN679Le<`˜67g $679KDI9_PO~WN9:ehWpVNDI9.PO~g–Z:OuP
Š$DWNe:e:FDIOOuDIe
=dk8KDIOD4?BO&OZKDIO*?C9:`GABZ:eKD`˜679L`˜DG:POWN9:ebPuDI`o8:9:? ¨ ZKDIO*Tª6NFg–Z:AEP? ‹Œg 6leKDIAB?C9KVWN9:eSgvDGPWq‹Œg 6ze:DIAB?B9KV
WNO^3DIABA
WNO?B9_PuDGF&6NDGFoWpŠL?BAB?EPRQvWN9:ehO`GWNACWpŠL?BAB?EPRQS?BO&OZKDIOG=
³p!= #"%$'& O ,n&7"l_À )>À CE$'&
OW2*4X,Z"\O 5 @&cÀ &
msÀ&>À 4 rÀ@>IKJL$-,G3À <HMOD?:;CP$Q&
O
2*4 $'4=< :;C]&
O . ²BÀ &K$*I 2c<.>À C]OD4. i
>@DGPWq‹Œg 6leKDIAB?B9:Vb?B9.MN67AEMNDIO~AB?C9Kaz?C9KV e:? ©$DGFDI9_Pgv6zeKDIACO6NTdP8KD,OWNg D16NF~FDIACWpPuDIehL8KDI9:67g DI9:W Pu6b`˜F&DIWpPuD
W1T¦Z:ABAEDGF*WN9Le]»š6NFg 6NFD4:FDI`G?BOuD4g DGPWq‹Œg 6leKDIA =ck8KD4`˜67g $679KDI9.P3g 6leKDIABOsgvWIQ!?B9.MN67AEMNDe:?E©DGFDI9.P*]8_QlO%‹
?C`GWNAnO`GWNABDIOWN9:e»š6NF4e:?E©DGFDI9.PWNODI`˜PO46NTcP8KDg 6leKDIAEDIe@:F6l`˜DIOOG=~;49@D˜—KWNg LABD,6NTW!ABWpPuPuDGF4`˜67ZLABe@Š$D
WrLABWNO&gvW@g 6leKDIAsFDG:FDIODI9_P?B9:V@LWpFP?C`GAEDIO,WN9:e“P8KDI?BF1OuDIAETª‹Œ?B9:eLZ:`˜DIe¥6NF–D˜—zPuDGFo9:WNABAEQ¥?B9Le:Z:`˜DIe¥DIABDI`˜PuF6p‹
gbWpV79KDGP?B`GWNA[®LDIABehAB?B9:aNDIeŸ^~?EP8<Wbgv6zeKDIA$6NTc`o8KDIgv?B`GWNAFDIWN`˜P?E679:O~ŠDGPR^sDGDI9rLWpFP?C`GAEDIOG=*;49<D˜—KWNg LAEDx6NT
Wg–Z:AEP? ‹ŒO`GWNABDSg 6leKDIA3?BO1W [Qlg D!e:?BOuDIWNOuDŸO?Bg–Z:ABWpP?B679¥FDG:F&DIOuDI9_P?C9KVrWrFDGV7?E679:WNA3OuLWpP?CWNAsO`GWNABD!WNOW
ACWpPuP?B`˜Dx6NTc9K6leKDIO^~?EP8ŸDIWN`o8r9K6leKDZ:O?C9KV WvAE6l`GWNA[g 6leKDIA$6NTYeL?BOuDIWNOuD,e:Qz9:WNgb?B`GOG=
§¤TªPuDI9
H
P8:D–AB?C9KaNDIergv6zeKDIACO4WpF&De:DGMNDIAE6N$DIe?C9:eKDG$DI9:eKDI9.PAEQŸWN9:eF&Z:9r679‰e:? ©$DGFDI9_P¤O?EPuDIOI=xk8KDgvWN?B9
`˜679L`˜DGF&9œ6NT*g DGPWq‹Œg 6leKDIAB?C9KV!?CO~Pu6<?B9.PuF6le:Z:`˜D,LF6N$DGF4?B9.PuDGFT¦WN`˜DIOGH$:F6NPu6l`˜67ABO¤WNO¤^sDIACAnWNO¤AB?B9:aqWpVNDWN9:e
OQz9:`o8KF679:? { WpP?E679<g DI`&8LWN9:?BOgvOPu6 DI9LWpŠLAEDx`˜FDIWpP?E679h6NTYW g DGPWq‹Œgv6zeKDIA|=*k8KD¤ˆ‰DGŠ@?BOWMNDGF&Q!OZL?EPWpŠLAED
DI9.Ml?EF679:g DI9.PT”6NF,eKDGMNDIAE6NL?C9KV<g DGPWq‹ŒO?Bg–Z:ABWpP?E679LOP8:WN9KalOPu6<P8KDvˆ‰DGŠ jOx^~?Be:DO&`˜6NDvWN9Le¥`˜679:OuPWN9.P
³G¡
W«MqWN?CABWpŠL?BAB?BPŒQN= y eKDIWNACAEQNH39:6¥FDIeKDGMNDIAE6N]g DI9_PGHO&8:?E:L?C9KVr6NT`˜6leKDIOS6NFS9KDG^2`˜67g LZKPWpP?E679LWNAFDIOu67Z:F&`˜DIO
O&8K67Z:ABe½ŠD9KDGDIeKDIe’Pu6htu67?B9’Pu6NVNDGP8KDGFh?B9:e:DGDI9LeKDI9_PABQ“eKDGMNDIAB6NDIe¸WN9:e’F&Z:9’g 6ze:DIABOG= y 9’WNeLe:?EP?E679
Pu6<`˜67g ]ZKPWpP?E679:WNAnFDIOu67ZKFo`˜DIOGH$P8KD–gv6zeKDIAnD˜—lDGF&P?BOuD1`GWN9œWNABO6SŠ$D1eL?BOuPuF&?EŠ]ZKPuDIe<Pu6!P8KD eKDGMNDIAE6NLg DI9.P
PuDIWNgbOP8:WpPŠ]Z:?BAEPd`˜67g $679KDI9.P*g 6leKDIABOGHNT”67OuPuDGF&?B9:VxeKDGŠLZKVNV7?B9:VxWN9:eMNDGF&?E®L`GWpP?B679 6NT$P8KD`˜FDIWpPuDIe!g DGPWq‹
gv6zeKDIA|=x;9DIWNOuD 6NT3WN9:9K67Z:9:`G?C9KVSW«MqWN?BACWpŠL?BAB?EPRQh6NT*g 6leKDIABO¤WN9:e6NTsLWpFP?B`G?E]WpP?E679r?C9gvDGPWq‹Œg 6ze:DIAB?B9KV
6šMNDGFP8:Dxˆ‰DGŠr?BOWN9@?Bg $6NFPWN9.PT”WN`˜Pu6NF4?B9ŸVNF6«^?B9KV $6NLZ:ABWpFo?EPŒQS6NTYg DGPWq‹Œgv6zeKDIAC?B9KVK=
!€z
† ƒ n†I€ Œ„qƒ <„ ”† ‚ >
+-)j!Bjch217/./5)*BDJ]F.g21M!L%ch217.-5)*BD-J]:.-B ‡55H!tBDG2Y]$lIaAEM!P ^ #@?F$5421M!L%ch2G7/./)*v217 I!t7&‹!$
M&\$.8!$71B*s!#-iEM7 H!$M`!"7&re-@Fe+$B*-JY}$aA7F$'$+-$&(FE5'B*I!$lF.s7&vFs+./5)*HB*-J1H+!$B*7FF)‡2G7/./) P
k>#GlH+%!BD7 ),217/./5)†eQX"#-C5`/EM+-!$.QeEM!$l'F.CBD-a+/!Ich7F+/!a-+/!i5)6%!BD7 I#BDaQPGk>#-B6]$)*!$B*7F$#-B*aCE5F
-evB*
3Ai+$.NB*V)*BD+V7&t!$#-42G7/./) eA.V$7YBD!EM!$" Z 21M!L%ch2G7/./) P Z V+-)D!$BDc†217/./)DB*-JK n./M‘-.NB*
!#-4a$7/EMl$n7&qEM!$B*-J8Y24+)j!Bjch)*@ 5"217/./5)vX"#-$ e-&\7FY217.-5)Q!#%!'B*07&q8$alEMBD‘EiE5)* $"7 n!raAiw4eA
E57F21aA7F- !"7F&!#-B*>217/./)ŒE5FK3Ag$5‘-.s7F"$+-3/cd./M‘-.B* !7Y-7F!$#-b217/./)Q7&!rHaA }P+-)j!Bjch217/./5)*BDJ
B6'a-+-5)*r!$+E…!$+F)X"#-$}7F-}217.-5)t!raNm(@V t5!$B-5!Lo'E5F3A}M‘BD-JNKI!!$G7&:suvBD-BD!$8=H!L%!
FEL#-B*-FPvk>#%!vB*e@X"#-547F- Z 577F2Y Z BDH!7"!$#-br!L%!Fe@7F-q‘.-Œ!$#-tM!$B -M!v+-./$-l%!#QPV5!c†217/./5)*B*-J
B6iF)*$7s? 5+$M&\+-)†eŒ3+/!iB*4./B ‡55H!iB*_!$#!'!#-Y#-B*JF#y)*5?F),217.-5)q# g-7F/cdI!$+E…!+-F)t$)*!$B*7F$#-B*a!7
!#-Y)*5?F),3)D7%X
Bj!lPYk>#-Y21M!c†217/./),B*]7 3/!FBD-l.35`/EM+-!$B*-J!$#-Y217/./5)q!]!$#-Y-5`!i)D7%Xb5')D?F) P !7!$#-Y5)6%!BD7 I#BDaC35!rX:5y24+-)D!$BDch2G7/./)DB*-JV.!#-19C3QeQ!#-Y9C3|I+-aa7 I!L]#-M!57FJF-5BD!rNBDy217/./5)
I!$+EM!$+-]3Hs?BD$!$+-]7F&!#-i./B6r!$B*3-+/!BD7 s7F&t.-!1.KU-7%X")*./J Fe/X"#-B6EL#N]$a- .87%?Fb!$#-gJ )D7 3 P
z="KÀ#rÀ@LO ,@&À|ÂQOD44aOD4zÂA&K25=)[2*^O
<_À,GÀB^pÀB)G$*C6?A$-,Z,ZO7^pÀn<'O ÂQO7&K$*C1C]OW@B)G$*)VO|ÀV,˜Á($'4O7&$'C ,B25=)[2*^`OW<_Àn? $*,3,ZO7^pÀ
?A2c<.>À C()/À 5;2-,VO7&K2')ZO|VÀ ,%i j";$'& O ,Z,Z:LVÀ , <Q2«>À ,&7"\OD,b>À 4&K$*O7C R ÀIÁ Â_UÁ T ,G+À $')G0B"%$\@>O7C]O7&
Y-T O74&Œ>À )[2Z5KBÀ )G$k@>O7C O
&
YV.C O74Xo-OD4.Â'T
,VY*4=0>"\)[2*4aOUbc$Q&
O
2*4aT ,B03$*CE$\@BODC]O7&
YVg1i
;4AEP8K67Z:V78rP8:D–ˆ‰DGŠ¥?CO~Š$DGV7?B9:9L?B9KVvPu6Ÿ:F6šMz?CeKD–ODGMNDGF&WNAcgvWNOO?BMND–e:?BV7?EPWNAnAC?EŠ:F&WpF&?BDIOGHLP8KDGF&D–?BO¤OuP?CABA[Pu6z6
AC?EPuPAEDOuPWN9:e:WpFoe:? { WpP?E679<?B9ŸPu6le:W«Q jOO&?Bg1ZLABWpP?E679Ÿg 6leKDIABOPu6v:F&6«Ml?BeKDgvWNOO?BMNDxg 6ze:DIA$FDG$67O?EPu6NF&?EDIOI= y 9
WNeLe:?EP?E679²Pu6‰OuPWN9:e:WpF&eL? { WpP?E679²6NT~g 6leKDIABO–WN9:e“P8KDI?EF?B9_PuDGF&T”WN`˜DIOGH*P8KDGFD<WpFDŸWNABOu6‰?BOOZ:DIO,6NT~`˜67gvLZl‹
PWpP?B679:WNA3FDIOu67ZKF&`˜DIO–9KDGDIeKDIe²Pu6F&Z:9gv6zeKDIACO,WN9:e“OuQl9:`&8KF&679:? { WpP?E679²Š$DGPŒ^3DGDI9²DGMNDI9.PO–6NF O?Bg–Z:ABWpP?E679
P?Cg DIO¤?B9r`˜67gv679:DI9_Pg 6leKDIABOG=xŽZKF&FDI9_PFDIOuDIWpF&`o8‰?B9g DGPWq‹Œg 6leKDIAB?B9KV!T”6z`GZ:ODIO679œ?B9.PuDGF6N$DGF&WpŠL?CAB?EPŒQNH
AC?B9Kal?B9KVhWN9:e¼OuQl9:`&8:F679:? { WpP?E679²?BOOZ:DIOG=r;4O–67ZKFD˜—z$DGF&?EDI9L`˜Db^~?EP8²ŠLZ:?CABe:?B9KV<g DGPWq‹Œgv6zeKDIACO16šMNDGF P8KD
ˆ‰DGŠ²?B9:`˜FDIWNOuDIOIHOu67g DvOuPWN9Le:WpF&e‰?B9.PuDGFT¦WN`˜DIOWN9:e‰OuQl9:`&8KF&679:? { WpP?E679‰g DGP8:6ze:OWpF&DAC?EaNDIAEQhPu6hDIgvDGFVNDN=
k~8KDr`˜67g $679KDI9.PŸg 6ze:DIABOb`GWN9¸Š$DrAB?C9KaNDIe™DI?EP8:DGFSŠzQ™AE6«^ AEDGMNDIA4`˜67gvg–Z:9:?B`GWpP?B679½:Fo?Bgv?EP?EMNDIOr¹”DN= VK=EH
k4ŽX3» y X·OuDIOO?B679 º 6NFZ:O&?B9KV1gv6NŠL?BAED4WpVNDI9_POG=s;9ŸWpVNDI9.PŠLWNOuDIeŸWp::F67WN`o8<AEDI9:e:O3?EPOuDIABT
Pu6g–Z:`o8<g 6NFD
³N³
VNDI9:DGF&WNAsWN9Le£:D˜—K?EŠLABDvAB?B9KapWpVNDIOxP8:WN9P8K67OuD!P8:WpP1`GWN9²Š$DSOZ::$6NFPuDIe‰ŠzQ‰P8KDSAE6š^ AEDGMNDIAs:F&?Cgv?EP?EMNDIOG=
\:6NF~D˜—KWNg LAEDNHKZ:O?C9KV–gv6NŠL?BAED¤WpVNDI9_POIH]e:? ©$DGFDI9.Pg 6ze:DIABO`GWN9<Š$D¤AC?B9KaNDIe!Pu6NVNDGP8KDGFWpPFoZ:9!P?Bg DN=;4ABOu6KH
P8:D–?B9.PuDGFT¦WN`˜DIO¤`GWN9rŠ$D–gvWNeKD,PuFoWN9:OuLWpFDI9.P4Pu6SDIWN`o8‰?Bg LAEDIgvDI9_PWpP?E679@Š.Qh?C9:`GABZ:e:?C9KV 9KDI`˜DIOOWpFQre:WpPW
PuFoWN9:OuT”6NF&gvWpP?E679r?B9hP8KD–WpVNDI9_P jO`˜6leKDN=;4AEP8K67ZKV78rWpVNDI9_PO¤?B9.PuF6le:Z:`˜D,ACWpFVNDGF4`˜67gbg1Z:9L?B`GWpP?E679@e:DIABWIQlO
P8LWN9bAE6š^¸AEDGMNDIA]?Bg LABDIg DI9_PWpP?B679
H7P8KDGQ WpFD4`GWpLWpŠLAED6NT[gb?B9:?Bgv? { ?B9KV~P8:DWNg 67Z:9.P*6NT
e:WpPW,P8:WpPs9:DGDIe:O
Pu6Š$DbO8:?B:$DIe‰Š.Qœ:F&6z`˜DIOO&?B9KV@Ou67gvDS6NTP8KD!e:WpPWAE6z`GWNACAEQN=h;9²?Bg $6NFPWN9.P,6N$DI9 ¨ ZKDIOuP?B679?B9P8:?BO
WpF&DIWxPu6le:WIQv?BO*8K6«^¸Pu61OZ::$6NFPdD b`G?EDI9:`˜Q6NT[`˜67gvg–Z:9:?B`GWpP?B679vWN9:ebOQz9:`o8KF679:? { WpP?E679v?B9vWpVNDI9.PAB?B9KaNDIe
gv6zeKDIACO?B9Ÿˆ‰DGŠK‹|ŠLWNOuDIerO?Bg–Z:ABWpP?E679LOG=
y 9–VNDI9KDGF&WNA H7ZLO?B9KVP8KDˆ‰DGŠ DI?EP8KDGFcWNOcW¤Ou67ZKF&`˜D6NT]?C9KD˜—z$DI9:O&?EMND*`˜67g LZ:P?B9KV46š^sDGFc6NFcWNOcW4FDG$67O?EPu6NF&Q
6NT
`˜67g $679KDI9.Pg 6leKDIABOdFD ¨ Z:?EF&DIOdFDIOuDIWpF&`o8v679 D b`G?BDI9_P*AC?B9Kal?B9KVWN9LevOuQl9:`&8KF&679:? { WpP?E6796NT
g 6leKDIABOd6šMNDGF
P8:Dxˆ‰DGŠ[=
!€z
† ƒ n†I€ Œ„qƒ <„ ”† ‚ >
R_F$l|!$#%!V#-5L)6.-WEL#-J &\7 s!#-_35!I!$VB*w'xqP UFOa-7F3-)*52
F.O!#-y+$C7F&4217.-5)6K!7W3+-BD)6.S)*F$J 5aA7 $Bj!7FBDl5enB6s!$#!lFEL#
B*
217/./5)g5a$lI !L%!BD7 Qe
$B*24+-)6%!BD7 SEM7/./_5)*BDlK7 BD!N7%X"
217/./)5a-$5H!!$B*7FQP ^ y2Y_E5F$ef!#-B*4$a-$5H!!$B*7FB6iB*_!$#-sEM7/./YBD!$5)D&revF.yI7 2G5!$B*21gX"#-
a-B6E…!$7 $B6)ba-a$7HFEL#yB*4+$.|B*217/./5)*BDJet!$#K5a-$5H!!$B*7FyX"B*)D)>3AsVJ Fa-#QP9O#-$lF}z0k"x
CaFJFN./EMBDa-!$B*7FWF.2YF$U+-aW)*F-JF+FJF e,wx
Xb )*)*7%Xn4+}!7yEa/!+-K!#-$52YF !B*EK!FJ G-./l.&\7 217/./)5a-$5H!L%!$B*7FŒP:w'x|B6n-7F!'1aFFE5Y$BDE5i-7K.-7F+-3/!'Bj!Ln2Ga)D7%215H!0X"B*)D)BD)*.824+-)D!$B*a-)*B*E5Bj!r
7F&:w'xfch3F$.&\7F2Y%!P};b+/!4!')* r!leŒ)*),217/./5)t&\7 $2Y%!L'X"BD)*),31B*Cw'x._$7sBD!i)D?F)*!$#Ga)*@B*-J
‘5)6.$7G!$#!"!$#-i21]3 IB6E]$EL#-2Y})6JF+FJF'B*>+$.QPqk>#-B*nB*"GJF77/.s3JFB*--B*-JP
z=!#"%$'& O ,n&7"lÀ_)À>CE$'&
OW2*4X,Z"\O 5 @&Àc&
msÀ&À>4 )ÀV,IÀ+$*)[0>"!O74
NMXT
T $'4=<lrÀ`@BIWJL$-,IÀ+<HMaO7? :;CE$'&
OW2*4]Á
ˆ‰DGŠ:‹|ŠLWNOuDIeŸO?Bg–Z:ABWpP?E679LOWpFD~ŠzQveKDG®L9L?EP?E679 LWpFoWNABAEDIA:WN9:eSe:?BOuPuFo?EŠLZKPuDIe
HNQNDGP`˜67g LWpF&DIebPu6–P8KD~PRQ.]?B`GWNA
X$L; f DI9.Mz?BF679:g DI9.PGHP8KD@`˜67gvg–Z:9:?B`GWpP?B679½eKDIABW«QzOSWpFD@WN9½6NF&eKDGFb6NTgvWpV79L?EPZ:eKD@ACWpFVNDGFbWN9:e’WNABOu6
gv6NFDZ:9K:F&DIe:?B`˜PWpŠLAEDN=n¬~DI9:`˜DNH_P8KDˆ‰DGŠK‹|ŠLWNOuDIebO?Bg–Z:ABWpP?E679–g1ZLOuPceKDGMNDIAE6Nve:? ©$DGFDI9.PcOuQz9L`&8KF679L? { WpP?E679
PuDI`o8:9:? ¨ ZKDIOdP8:WN9P8:67OuDZ:OuDIe ?B9–LWpF&WNACAEDIA.O&?Bg1ZLABWpP?E679:OG=Y>hDGPWq‹Œg 6leKDIAB?C9KVZ:O?B9KV4ˆ‰DGŠK‹|ŠLWNODIevg 6leKDIAB?B9KV
^?BABAcŠ$DI9KDG®:P,TªF67g WN9_Q¥OPWN9:e:WpF&e:? { WpP?E679¥6NTg 6leKDIABOIHYOu6WIMpWN?BABWpŠL?CAB?EPŒQ6NTP8KD!g 6ze:DIABO,`˜67g ]AB?BWN9.PxPu6
L¬ ; 6NFvOu67g D<6NP8:DGFbOuPWN9:e:WpFoe
H^~?BACA*?B9:`˜F&DIWNOuD<6N:$6NFPZ:9:?BP?EDIO,WN9:e¼DIWNODh6NTAB?C9Kaz?C9KV@P8KDIghe= 6NPuDNH
PWpŠ]AEDb³eKDG®L9:DIOP8KDxWN`˜F679.QzgbO~Z:OuDIe@?B9ŸP8:?BOe:?CO`GZ:OO?B679
=
;49?B9.PuDGFDIOuP?B9KV¼WNAEPuDGF&9LWpP?EMND‰?BObPu6™e:DGMNDIAE6N›WN9¸?C9_PuDGFT¦WN`˜D‰ABWN9KV7Z:WpVNDNH¤O?Bgb?BABWpFbPu6½Ž§}~m;,H3^~8:?C`&8
^?BABAdOuPWN9:e:WpFoe:? { DvWIMpWN?BABWpŠ]AEDbWN`G`˜DIOO1Pu6@e:WpPWrWN9:e¥OuQl9:`&8:F679:? { WpP?E679œLF&?Bgv?EP?BMNDIO¤6NTW@O?Bg–Z:ABWpP?E679
=v;
O&?Bg1ZLABWpP?E679vLF6NVNF&WNg ^~?EP8SOZ:`&8ŸWN9!?B9.PuDGFT”WN`˜D¤Š$DI`˜67g DIOWIMpWN?BABWpŠ]AED~T”6NFAB?B9Kal?B9KV^~?BP8v6NP8KDGF:F6NVNFoWNgvO
³I 7„qƒ
<€ ªƒ
XdWpF&WNABAEDIA
WN9:e!4?COuPuF&?EŠLZ:PuDIe f ?Bg–Z:ABWpP?E679
¬?BV78 [DGMNDIA[;F&`o8:?EPuDI`˜PZKFD
¤?BOuPuF&?EŠ]ZKPuDIeŸ;~FP?B®L`G?BWNA y 9_PuDIABAC?EVNDI9:`˜D
D PuDI9LO?EŠLAEDx>rWpFalZK! WN9:V7Z:WpVND
Ž367gvg 679§4ŠltuDI`˜P}D ¨ ZKDIOuP~m3F6NaNDGF4;~F&`o8:?EPuDI`˜PZKF&D
y 9.PuDGFT¦WN`˜_D 4DG®L9:?BP?E67#9 WN9KV7ZLWpVND
kYWpŠLAEDv³p‡ 4DG®L9:?BP?E679:O6NTd;`˜F679.QlgvO
X$;L f
¬L;
y;
!
> Ž§}~m;
" v
y Ml?BW–g 6NŠL?BABDWpVNDI9.POG= y POuDGDIgvO3P8:WpP¤> ‰6NFŽ§}~m; y L‰gb?EV78_P3Š$DPu6z6 VNDI9KDGF&WNAT”6NFP8:?BO3LZKF$67OuD
WN9Le¥WhOZKŠ]OuDGP6NT3W y ¸?BOOZ b`G?BDI9_PG= f ?Bg LAB?C`G?EPŒQ<6NTOZ:`o8¥WhABWN9:V7Z:WpVNDv?BOx?Bgv6NF&PWN9_PGH[Š$DI`GWNZ:ODb?EPO
`˜67gvL?BAEDGFg–Z:OuP`GWp:PZ:FD9K6NPc679:AEQe:WpPW¤T”6NF&gvWpPO4¹”^~8:?B`o8 ?BOdFDIABWpP?EMNDIABQ,DIWNOuQ º ŠLZ:PdWNACOu6xWOuDIgvWN9.P?B`GO6NT
OQz9:`o8KF679:? { WpP?E679b?B9.MN67AEMNDIe!?B9 P8KD4e:?BOuPuFo?EŠLZKPuDIeD˜—lDI`GZKP?E679
=k~8KD~FD ¨ Z:?EF&DIg DI9_P*6NT[WN9S?B9.PuDGFT¦WN`˜D?B9b679KD
gv6zeKDIA]Pu6–DI9:WpŠLAED4AB?B9Kal?B9KV^~?BP8v6NP8KDGFg 6leKDIABOsOuDGDIgvOAEDIOO3OuPuF&?B9:VNDI9_P3WN9:ebDIWNO&?EDGFPu6–WN`G`˜67g ]AB?BO8bP8:WN9
DI9:Tª6NF&`G?C9KV¥¬ n;•?Bg LAEDIgvDI9_PWpP?E679¼6NT¤WNABAgv6zeKDIACOPu6¥DI9:OZKF&Dhg 6ze:DIA`˜67g LWpP?EŠL?CAB?EPŒQ“?B9·e:?BOPuF&?EŠLZKPuDIe
D˜—lDI`GZKP?E679[=
!€z
† ƒ n†I€ Œ„qƒ <„ ”† ‚ >
9_K5._!7EM7 2183FELU!$7V!#-s.-M‘-BD!$B*7FT7& Z $BD2}+-)6%!$B*7F Z P ^ &nX:YM&\i!$72G7/./)5`lEM+/!BD7 Qev!$#-BD!4B*
%!$+F):!7!#-B*-U7&]./B6r!$B*3-+/!.ˆIB*24+-)6%!BD7 T5`lEM+/!BD7 QP ^ &'X:NM&\5}!$7|$BD2}+-)6%!$B*7FWBDC3-$7HF./G$5I e
B*E5)D+.-BD-JY217/./)DB*-JY.NF)*/IB65eH!#-5!$#gM`/E5+/!$B*7FN-.s-7!n3Ai./B6r!$B*3-+/!.fP
K= À>,>0B)VOK@&Àn,>2*?bÀ CE$*) Â.ÀBI,B03$*CBÀ $Z5Q51C OW03$'&
OW2*4X, F>2')!rÀ`@BIWJL$-,IÀ+< MaO7?:%CE$'&
OW2*4]Á
;49rD˜—lWNg ]AED,^~8:DI9@OZ:`o8rAC?B9KapWpVNDx6NTg 6leKDIABO6šMNDGF¤P8KD1ˆ‰DGŠ‰?BO~Š$DI9KDG®L`G?BWNA[?CO~W!OuDIWv$6NFP4O?Bg–Z:ABWpP?E679
?C9h^~8:?C`&8hgvWN9LWpVNDIg DI9_P¤6NTO8L?E@g 6šMNDIg DI9_PO¤WN9:erWN9:`&8:6NF&?B9KV!`GWN9@Š$DxŠ$DIOuP4eKDIO`˜F&?EŠ$DIeŸŠzQhWbe:?CO`˜FDGPuD
DGMNDI9.P¤O?Bg–Z:ABWpP?E679hOQzOuPuDIgh=¬~6š^sDGMNDGFIH
WpP4e:? ©$DGFDI9_PO`GWNAED,6NTe:DGPWN?BABOGH:P8:D1WN`G`˜DIAEDGF&WpP?B679rWN9:e@MNDIAE6l`G?EPŒQ
6NT
DIWN`o8ŸO8:?Eb?CO*Wq©$DI`˜PuDIeSŠzQ P8KD^sDIWpP8KDGFWN9:eb^3WpPuDGF`GZKFF&DI9_POs^~8:?B`o8vWpFDŠDIOPseKDIO`˜Fo?EŠ$DIeŠ.Q P8KD4WpP%‹
gv67OuL8KDGF&?C`~WN9:e!O8:WNABAB6«^¸^3WpPuDGF`˜679.P?B9zZK67Z:OOZKŠLOQzOuPuDIgbO4Ä ³«ÅšÆ|=;49K6NP8KDGFD˜—KWNg LAEDNHzP8:WpP^3D4F&DI`˜DI9_PAEQ
?Cg LAEDIg DI9.PuDIe·Ä šÆ|H[?BO4P8KD Ou:FDIWNe6NT [Qlg D e:?BOuDIWNOuDNH$^~8L?B`&8œ?B9.MN67AEMNDIO¤?B9.PuDGF&WN`˜P?E679:O¤6NT3gvWN9_QOu$DI`G?EDIO
^?EP8 ABWpFVND~eL? ©DGF&DI9:`˜DIO?B9P8KDI?BFO? { DWN9:evOLWpP?BWNAKWN9:e PuDIgv6NFoWNA:O`GWNAEDIOc6NT
eKDGMNDIAB6NLg DI9.P¹”DN= VK=EHze:DGDGF&OGH
gb?B`˜D!WN9Le²P?C`alO º =¥;9:6NP8KDGF Wp:LAB?B`GWpP?B679:Ox6NTP8KDIOuD!PuDI`&8:9:? ¨ ZKDIO?B9L`GABZ:eKDbWN?BF1PuF&W S`!`˜679.PuF67A Hs8:?EV78l‹
^WIQhgbWN9:WpVNDIg DI9.P4OuQlOuPuDIgvOIH:$6NLZ:ABWpP?E679<e:Qz9:WNgb?B`GO6NTc`˜67g LAED˜—<DI`˜67OuQlOuPuDIgvOIHLDGP`p=>hDGPWq‹Œgv6zeKDIAC?B9KV
³c
PuDI`o8:9:? ¨ ZKDIOWpFD1?Bgv6NF&PWN9_P?B9@`˜FDIWpP?B9KVbe:DGPWN?BAEDIe@gv6zeKDIACO6NT`˜67g LAED˜—$HLg–Z:AEP? ‹ŒO`GWNABDxOuQzOPuDIgvOWN9Leh?B9
AC?B9Kal?B9KV,D˜—K?BOuP?C9KV `˜67g $679KDI9_Pgv6zeKDIACO?B9_Pu6vWN9<?C9_PuDGVNF&WpPuDIerg DGPWq‹Œg 6leKDIA
6NTdg 6NFDx`˜67g ]AED˜—!]8KDI9K67g‹
DI9LWl=
!€z
† ƒ n†I€ Œ„qƒ <„ –‡€ Œ hn
7 I!}Xb53/ch3F$.y$BD2}+-)6%!$B*7FFa-a-)*B*E%!BD7 g!7C.-!$8Bj!#-51Y$lIlLEL#|.|./?F)D7 a-215H!4a-7!7!rali7 F$}r!BD)*)+./5]./?F5)*7Fa2GH!P
t#@?F}./5? 5)*7FaA.V
Xb53/ch3 Il.s?B*5Xb5'E5)*)*.V~ ‰0B*5X
&\7F?B*$+)*B*5B*-J
.-B*I!$BD3+/!$l.4z0x cdEM7 2Ga)DB6H!$BD2}+-)6%!$B*7F42G7/./)*P a-7!$7F!ra ,FF)D)*5) 0B6$E5$5!$ q?FH!v=B*24+-)6%!BD7 }=/r!52
m :=-oŒ# Œ3A5}./?F5)*7FaA.g!$7n&( EMB*)DBD!!$:!$#-b./B6r!$B*3-+/!.4F)*/IB6ŒF.i7 a/!$B*21BDl%!BD7 i7&$BD2}+-)6%!$B*7F42G7/./)*
7 _!$#- ^ H!5-M!
hP
$B*24+-)6%!BD7 _217/./)q7&"IaFEMlEML%&‹!ia-7/EMl$$BDJF._)*F+-EL#|FEM!$B*?HBD!$B*iB*iE5+-$ !)D
3A5B*-J8./?F)D7 al. >a$!n7&,Y{ = a-7prlE…!
hP:k>#-B6"217/./5)ŒX"BD)*)Q3Ai./5a-)*7%Fl.s&\7Fn./B6r!$B*3-+/!.N?B*5X"B*-J
F.TF)*/IB6}7F!#- ^ H!$5-5!PTk>#-B6G217.-5)"X"B*)D)>3A+Il.TF1C./E5B*$BD7 W$+-a-aA7F$!}!77F)b&\7FG&\+/!+-$V$aFE5
B*-BD!$B6%!BD? P
&& c3"
4 ± #- @ –~9
;4AEP8K67ZKV78bˆ‰DGŠK‹|ŠLWNOuDIeŸO?Bg–Z:ABWpP?B679b?BOs9KDG^xH.?BPs?BOs9K6NPsPu6z6–DIWpF&AEQ Pu6–P8:?B9KaWpŠ$67ZKPs`˜67gvgvDGF&`G?BWNAB? { WpP?B679S?BO&OZKDIOG=
DG^½PuDI`&8L9K67AE6NV7?B`GWNA]WNeKMqWN9L`˜DIO*WpFDPRQ.]?B`GWNABAEQ–OAE6«^½Pu6,Wp:$DIWpF*?B9 `˜67gvgvDGF&`G?BWNA:OuQlOuPuDIgvO4¹”LWpF&WNABABDIAKO?Bg–Z:ABWpP?E679
PuDI`&8L9K67AE6NVNQ‰?BOW<`GWNOuDb?C9œ67?C9_P º =m3DI`GWNZ:OuDv6NT3P8KDvDGMNDGFu‹Œ?C9:`˜FDIWNO?B9:VŸ?Cg $6NFPWN9:`˜D6NTsP8:D ˆ‰DGŠ[HP8KDGF&DvgvWIQ
Š$D1LFDIOOZKF&D1T”6NF¤T”WNOuPuDGF1WNeK6N:P?E679
=xk~8:?BO4OuDI`˜P?E679‰e:?BO&`GZ:OOuDIO4?BOOZ:DIO6NT3?B9KDGFP?CWbWN9:eœFDIO&?BOuPWN9:`˜DNH[WNO¤^3DIABAYWNOGH
$67OO?EŠ]AED4`GWpPWNABQzOuPO~Tª6NFg 6NFDxF&Wp]?BeŸWNeK6N:P?E679
=
³p= )G2'? $e032*??b>À )[0BOW$*C(5:>À )Z,K5K3À 0c&
O7^pVÀ Tm "%$'&_OD,lrÀ@>IKJL$-,G3À < MaO7?:;CP$'&
OW2*4 $*4=< m "%$'&03$'4 O
&_<Q2 i j"\Y
,Z"%2*:;CE< ,ZO7? :;CE$'&
OW2*4S^pBÀ 4=<Q2*)Z, 2*)N&7"K>À O7) 0B:%,>&K2*?b>À )Z, @&_À O74&Œ>À )VÀ ,>&Œ+À <6i
ˆ8:WpP–?BOxWh`˜67gvgvDGF&`G?BWNAc$DGF&Ou$DI`˜P?EMND žˆ8:WpP1?COxg DIWN9.P,ŠzQrP8:?COx?BOP8KDbDGFoOu$DI`˜P?EMND PWpaNDI9ŠzQœP8KD
gbWšt%6NF&?BPŒQ6NT3O?Cg1Z:ACWpP?E679œg 6ze:DIABAB?B9KVŸ`˜679:OZLAEPWN9_POWN9Le¥`GZ:OuPu67g DGFoOP8:WpPxZ:OuD P8:DvgvWN9_Qœ`˜67gvg DGFo`G?BWNA
O&?Bg1ZLABWpP?E679–g 6ze:DIABAB?B9KV]WN`apWpVNDIO`GZKFFDI9.PAEQDIg ]AE6«QNDIe ?B9–`G?EMl?BA76NFc9K679K‹Œgv?BAB?EPWpF&Q¤WpF&DIWNOcOZ:`&8WNOdgvWN9zZl‹
T¦WN`˜PZKF&?C9KVKH:8KDIWNAEP8
HKWN9:eŸPuFoWN9:Ou$6NFPWpP?E679ŸPu6bO&ZK:$6NFP3LABWN9:9:?C9KV1WN9:e<WN9LWNAEQzO&?BOPuDI`&8:9L? ¨ Z:DIOOZ:`&8hŠLZ:O? ‹
9:DIOO–:F6l`˜DIOO–FD˜‹|DI9KV7?B9KDGDGFo?B9KVrWN9Le“O&ZK:LAEQ‰`o8:WN?B9“gvWN9:WpVNDIg DI9.P@¹”ˆ y k 4i f:f HY;4}~hi ;1H fzy >rLJ H
kY; Y§¤} y&y H fzy >@hX i –HlWN9:eŸX*}§>œ§ ¤i ¥WpFDOu67gvD4D˜—KWNg LABDIO º =cˆ¸8LWpP`˜67Z:ABe!ˆ¸m f 6p©$DGFPu6
OP?Bg1ZLABWpPuDP8KDx?B9.PuDGFDIOuP6NTYMNDI9:eK6NF&O6NF`GZ:OuPu67g DGF&O1¹¦O?Bg–Z:ABWpP?E679<`˜679:O&Z:AEPWN9.POWN9:e<P8KDI?EF`GZLOuPu67g DGF&O º
DGP~Z:O`˜679LO?BeKDGFOu67gvDx$67OO?EŠL?CAB?EP?EDIOG=
³>
¹¦W º ƒ
ƒŒ€z„ ]€1 ”„qƒb€‡ «†/
f ?Bg1ZLABWpP?E679gv6zeKDIACAB?B9KVh?BO–WT”ZL9:e:WNg DI9.PWNABAEQ‰`˜6z6NDGFoWpP?EMNDŸDI9:eKDIWIMN67Z:FI=œˆ‰D‰¹”P8:DŸ`˜679LOZ:AEPWN9.PO
WN9Lev`GZ:OuPu67g DGFoO º `˜6z6N$DGF&WpPuD~^~8:DI9P8KD:F6NŠ]AEDIgS»qOuQlOuPuDIgP8KDO?Bg–Z:ABWpP?E679:F&6qt%DI`˜P*?COcPu61WNe:e:FDIOO
?COYe:DG®L9KDIe
HN^3D`˜6.6N$DGF&WpPuDe:Z:F&?B9KVP8KDeKDGMNDIAE6NLg DI9.Pc6NTLP8:D`˜679L`˜DG:PZ:WNA:WN9:e`˜67g ]ZKPuDGFg 6leKDIABOGH
WN9Leh^3D–`˜6z6N$DGF&WpPuD1e:Z:F&?B9KV D˜—l$DGF&?Bg DI9.PWpP?E679@WN9LehFDG$6NFP?B9:VK=>@67OuP¤?Bg $6NFPWN9.PAEQS^3D1`˜6z6N$DGFu‹
WpPuD!e:ZKF&?C9KVŸP8KDvMNDGF&?E®]`GWpP?E679WN9:e¥MqWNAB?Ce:WpP?E679œ6NTP8KDbg 6leKDIABO,`˜FDIWpPuDIe²eLZKF&?B9KVŸP8KDSO?Bg–Z:ABWpP?E679
LF6qt%DI`˜PG= ˆ8.Q y Px?BO¤Ml?EPWNABAEQr?Bg $6NFPWN9.P4T”6NF,`GZ:OPu67g DGF&OPu6hZ:9LeKDGF&OuPWN9:e^~8LWpPx?BO¤8:Wp:$DI9:?B9KV
eLZKF&?B9KV<P8:D!eKDGMNDIAB6NLg DI9.P16NTWg 6leKDIA =@\K6NFD˜—KWNg LAEDœÄ c³ qÆ8:WIMND<OuPZ:eL?EDIe¥Ou67g D!T¦WN`˜Pu6NF&O–P8:WpP
]ABWIQ‰WhaNDGQ‰F&67AEDS?B9¥P8KDbOZ:`G`˜DIO&O,6NTWrO?Bg–Z:ABWpP?E679œ:F&6qt%DI`˜PG=h;TªPuDGF–?B9.PuDGFMz?BDG^~?B9KV<:F&6«Ml?BeKDGF&O6NT
O&?Bg1ZLABWpP?E679rD˜—z$DGFP?BOD!¹¦O?Bg–Z:ABWpP?B679r`˜679:O&Z:AEPWN9.PO º WN9LerP8:DI?EF4`GZLOuPu67g DGF&O4P8KDGQr6NŠLOuDGFMNDIeœW!gvWq‹
tu6NFT”WN`˜Pu6NF~FDIABWpPuDIe!Pu6 OZ:`G`˜DIOO^WNO~Ž367gvg–Z:9:?B`GWpP?B679SWN9:e y 9_PuDGFoWN`˜P?E679¥¹”TªF&D ¨ ZKDI9L`˜QNHl`GACWpF&?EPŒQ!WN9:e
WpL:F6N:F&?CWpPuDI9KDIOOs6NT[`˜67gvg1ZL9:?B`GWpP?E679!WN9:e!?B9_PuDGFoWN`˜P?E679!^~?EP8vP8:67OuD4?C9_MN67AEMNDIeŸ?B9bP8KD¤O?Bg–Z:ABWpP?E679
LF6qt%DI`˜P º =‰k8:Db^3DGŠ“LF6«Ml?BeKDIO,P8KDS6NL6NF&PZ:9:?EPRQPu6‰eKDGMNDIAB6N“`˜6z6N$DGF&WpP?EMND<Ou6NT”PŒ^WpFDNH*? = DN=P8KD
O&WNg D–O&?Bg1ZLABWpP?E679hDI9.Ml?EF679:g DI9.P?COAE67WNe:DIer?B9.Pu6!DIWN`&8œ^3DGŠrŠ:F&6«^~OuDGFWN9:e?BOWNZKV7g DI9.PuDIeœŠ.Q<T¦Wq‹
`G?CAB?EP?EDIO1P8:WpP WNABAE6š^ DIWN`o8™Z:OuDGFPu6œMl?EDG^4»qO8:WpF&DSP8KDŸ^36NFa¥6NT4WN9K6NP8KDGFI=¥k8L?BO1gbWIQŠ$D!T”Z:FP8KDGF
D˜—lPuDI9:eKDIehPu6bWNABAE6š^žZ:OuDGF&OPu6bPWNAEaSPu6bDIWN`&8r6NP8KDGFIHKPu6vPuF&WN9LOuTªDGF~®LAEDIOGHlPu6beK6l`GZ:g DI9.P`˜6z6NDGFoWpP?EMND
ODIOO?E679:OIHcDGP`p=²i*WN`o8¼6NT~P8KDIOD!T¦WN`G?BAB?BP?EDIO18LWIMND<P8KD<WNe:eKDIe¼WpPuPuF&WN`˜P?B679·6NTOZ::$6NFP?B9KVhF&DIg 6NPuD
`˜6z6N$DGF&WpP?E679!WN9:evP8:DGFDGTª6NF&DgvW«QvWN`G`˜F&ZKD4FDIe:Z:`˜DIe LF6qt%DI`˜P`˜67OuPO3WNO*P8:D9KDGDIebTª6NF3PuF&WIMNDIA?BOsWNABOu6
F&DIe:Z:`˜DIe
=v§¤9KD gvW«QrP8KDGF&DGTª6NFD PWpaNDbP8KDMz?EDG^P8LWpPxWŸMNDI9:eK6NFxeKDGMNDIAE6N]?B9KV<WŸˆ¸m f P8LWpPxOZKK‹
$6NFPO`˜6z6N$DGF&WpP?E679Ÿ?B9SP8KDO?Bg–Z:ABWpP?E679b:F6qtuDI`˜PgbWIQbD˜—l$DI`˜PŠDGPuPuDGFO&WNAEDIOGHKWNO3P8K67OuD¤^~8K6Z:OuD¤?EP
gbWIQ!D˜—z$DI`˜PŠ$DGPuPuDGF`˜67gvg–Z:9:?B`GWpP?E679<WN9Le<?B9_PuDGFoWN`˜P?E679¥¹¦WN9:eŸ$67OO?EŠ]AEQ WŠDGPuPuDGF~FDGLZKPWpP?E679!T”6NF
O&Z:`G`˜DIOOuT¦Z:AO&?Bg1ZLABWpP?E679hLF6qt%DI`˜PO º WN9:erFDIe:ZL`˜DIeh:F6qtuDI`˜P4P?Bg D1WN9Ler`˜67OuPe:Z:DxPu6SP8:D1FDIeLZ:`˜P?E679
?C9ŸPuF&WIMNDIA =
y 9WbO?Bgb?BABWpFMNDI?B9
Hˆm f V7?EMNDIOP8KD–67O&O?EŠL?BAC?EPŒQvT”6NF4679l‹ŒAB?B9KD,PuF&WN?B9:?B9:V 6NF4Z:ODGFOZKL6NF&PG=k~8KDGFD
WpF&D1gvWN9.QŸP?Bg DIO?B9hP8KD,AB?ET”D¤6NTcWbO?Bg–Z:ABWpP?B679SDI9.Ml?EF679:g DI9.P^~8:DI9hZ:OuDGF&O1¹”P8KD,O?Bg–Z:ABWpP?B679<`˜679l‹
O&Z:AEPWN9.PO º WpFDxT¦WN`˜DIeh^?EP8<P?Bg Dx`˜679LOZ:gv?B9:V L8K679KDx`GWNABACO6NF~Ml?BO?EPOPu6bPuF&WN?B9:?B9:V`˜DI9.PuFDIOG=>rWN9_Q
MNDI9LeK6NF&Od9K6«^¼eKDIgvWN9Le,P8:WpPdWN9.Q,Z:OuDGF&OnLZKFo`&8:WNO?C9KVP8KDI?EFdOu6NT”PŒ^WpFDWpPuPuDI9:e WN916NŠLAB?EV7WpPu6NFQ,PuF&WN?B9l‹
?C9KV@`˜67ZKF&ODSWN?Bg DIe²WpP,DIAB?Cgv?B9:WpP?B9:VŸgv6zeKDIACAB?B9KVŸ:F6NŠ]AEDIgvOP8:WpP1TªF&D ¨ ZKDI9.PAEQœ6l`G`GZKFI= f 67g D!WNABOu6
LF6«Ml?BeKDOZKL6NF&P3Ml?BW–DIgvWN?BA
WN9Leh9KDG^~OuVNF&67ZKLOGHKWNO^3DIABA
WNO:F&6«Ml?Be:?B9KVOuDIWpF&`o8:WpŠLAEDxeLWpPWpŠLWNOuDIO6NT
LFDGMz?B67Z:OAEQ1DI9:`˜67Z:9.PuDGFDIebLF6NŠLAEDIgvOI=nk8KD~^sDGŠ!`˜67Z:ABevLF6«Ml?BeKDWN9S?B9_PuDGVNFoWpPuDIeSOu67ACZKP?E679 Pu6–Ou67g D
6NTdP8KDIODx:F6NŠLABDIgvOGHlDIOu$DI`G?BWNABAEQS?ETnWv`˜6z6N$DGF&WpP?EMNDxˆm f DI9.Mz?BF679:g DI9.P`˜67Z:ABeŸŠ$DxZ:OuDIe[=
³I¶
¹”Š º Œ… †. 1 ”„qƒb€‡ «†/
;¢¯NXsABZKV½WN9LežX*ACWIQl¯™DI9.Mz?EF&679:g DI9.PhFDGT”DGF&OhPu6¸P8KD¥PuFDI9Le/T”67ABAE6«^3DIe/ŠzQ/gvWN9.Q/`GZKFFDI9.Ph^3DGŠ
ŠLF6«^~ODGF&OG=dˆ¸8:DI9bWx^3DGŠbŠLF6«^~ODGF*?BO®LF&OuPOuDGP3ZKb?EP$67OODIOOcP8KDŠLWNO?B`T¦Z:9:`˜P?E679LWNAB?EPŒQ–Pu61eL?BOuLABW«Q
WN9Lev?B9.PuDGF:FDGP*WxMqWpF&?BDGPŒQ6NT$ŠLWNO?B`^3DGŠSABWN9:V7Z:WpVNDIOGH.?C9:OuPuF&Z:`˜P?B679:OcWN9:ev?BgbWpVNDIOG=ck8KD~?BgvLAB?B`GWpP?E679
6NTnP8:?BOsPu6P8KDOuPuF&Z:`˜PZKF&D6NTYO?Bg–Z:ABWpP?E679Sg 6ze:DIABAB?B9KV1Ou6NTªPR^3WpF&Dx?BO*P8LWpP?BP3gvW«QbŠ$D4PuFDIWpPuDIeh?B9SP8KD
O&WNg D¤^3W«QN=Ž367g $679KDI9.PO36NT[P8KDOu6NT”PŒ^WpFDx`˜67Z:ABe!Š$D4LZKF&`o8:WNOuDIe!WNOWN9:e!^~8KDI9!9KDI`˜DIOOWpFQN=§¤9KD
`GWN9rDI9.Mz?BO&?E679@WbŠLWNO?B`T”F&WNg DG^36NFa<P8:WpP¤`GWN9rŠD1AE67WNeKDIe?B9_Pu6!Wv^3DGŠrŠLF6«^~ODGF~Pu6KHTª6NF4D˜—lWNgvLAEDNH
D˜—lDI`GZKPuD!WhO?Bg ]AED:F6l`˜DIOO%‹|ŠLWNOuDIeg 6ze:DIA =S§4P8KDGF,`˜67gv679:DI9_PO1`˜67Z:ABeœP8KDI9ŠDLZ:F&`&8:WNODIe‰Pu6
e:DGMNDIAE6N`˜679:`˜DG:PZLWNA*g 6leKDIABOGH
$DGFT”6NF&g•D˜—l$DGF&?Bg DI9.PWpP?E679
H[OuPWpP?COuP?B`GWNAWN9:WNABQzO?COGH[6N:P?Bgb?BOWpP?E679
6NTYMpWpF&?E67Z:OPRQ.$DIOGH:WN9:eŸPu6SWN`G`˜67gvg 6le:WpPuD1`˜6z6N$DGF&WpP?E679
= y P`˜67Z:ABe<WNABO6 ŠD¤P8:WpPeL? ©DGF&DI9_Pg 6lel‹
DIACAB?B9KV,`˜679L`˜DG:PZ:WNA$T”F&WNg DG^36NFazO`˜67Z:ACebŠ$DAB67WNeKDIe!Pu6O&Z:?EP*P8:D4OuQlOuPuDIg Š$DI?B9KV–OuPZ:e:?EDIe[= y 9!6NP8KDGF
^36NF&e:OIH]WNeK6N:P?C9KVvWv^3DGŠK‹|ŠLWNOuDIeWp::F&67WN`&8hPu6!O?Bg–Z:ABWpP?E679@Ou6NTªPR^3WpF&D,:F6šMz?CO?E679h`˜67Z:ACe@AEDIWNe<Pu6ŸW
9:DG^/Tª6NFog 6NTdD˜—zPuDI9:O&?EŠLAEDO?Bg–Z:ABWpP?B679SDI9.Ml?EF679:g DI9.PG=
k~8KDvŠ$DI9KDG®:PO6NTP8L?BOxWp::F&67WN`&8 k~8KDGFDbWpFDSOuDGMNDGF&WNA =<k8KDSZ:OuDGF,9KDGDIe679:AEQœLZKFo`&8:WNOuD P8:67OuD
O&?Bg1ZLABWpP?E679<`˜67g $679KDI9.POP8:WpP~8:Dx6NF~O8KDF&D ¨ Z:?BFDIOWpPP8KDxP?Cg DN= y Tn679KD^WNOP8:DI9hWNABOu6vPu6S`˜67OuP
O6NTªPR^3WpFD ŠzQ@Z:OD,F&WpP8KDGF¤P8:WN9ŠzQ@AB?B`˜DI9LOuD!¹¦? = DN=¤ŠzQh679l‹ŒAB?C9KD,g DGPuDGFDIe‰ZLOuD º P8:D–Z:ODGF49KDGDIe679:ABQ
]WIQTª6NFP8KD P?Cg DP8:WpPP8KDvOu6NT”PŒ^WpFDv^WNOWN`˜PZ:WNABAEQZ:OuDIe
=\K6NFxP8:D–MNDI9LeK6NFIH[P8KDGF&Dv?BO4P8KD 6NK‹
$6NFPZL9:?EPŒQ Pu6ve:DGMNDIAE6Nhe:? ©$DGFDI9.PGHzg 6NF&D¤WpPuPuFoWN`˜P?EMND,`˜67OuPg 6leKDIABOs6NTP8:DI?EFOu6NTªPR^3WpF&DNh= 6–MNDI9LeK6NF
^367Z:ABe!?B9.PuDI9_P?B679:WNABAEQvAE67OD4g 679:DGQvŠ.QSg 6«Ml?B9KV–TªF&67g 679KDOWNABDIOsŠ]WNOuDPu6 WN9K6NP8:DGFI=¬~6š^sDGMNDGF«H:P8KD
WpŠ]?BAB?EPRQbPu6beKDGMNDIAB6Nh£:D˜—K?EŠLAED4LWIQlg DI9.P~O`o8KDIg DIOT”6NFLWpFP?C`GZ:ABWpFZ:OuDGFoOx¹¦? = DN=*`&8:DIWpDGFO?Bg–Z:ABWpP?E679
O6NTªPR^3WpFDxABDIWNe:?B9KV–Pu6 g 6NFD¤OWNAEDIO6«MNDGF~P?Bg D º gvWIQ!gvWpaNDxW–MNDI9:eK6NF&OOu6NT”PŒ^WpFDxg 6NFDWpPuPuF&WN`˜P?BMNDN=
;4e:e:?BP?E679:WNABAEQNHNP8:DWpŠL?BAC?EPŒQPu6,aNDGDG<Z:ODGF&O*ZKSPu61e:WpPuD4ŠzQvgvWpaz?C9KVxP8KD4ABWpPuDIOuP*MNDGFoO?E679S6NT[W,O?Bg–Zl‹
ACWpP?E679hDI9.Mz?BF679:g DI9.P~`˜67g $679KDI9.P~WIMpWN?BABWpŠ]AEDxMl?BW eK6«^9:AE67WNe@gbWIQhWNABOu6SAEDIWNehPu6SFDIe:Z:`˜DIe<MNDI9LeK6NF
`˜67OPOWNOLFDGMz?B67Z:OMNDGF&O?E679LOgvWIQŸŠ$D¤L8:WNOuDIeh67ZKP6«MNDGFP?Bg DN=
¹¦` º ƒ
…YA€ ]| Fb:†I€zV† Œ… ƒ
…n‡€ 'S
€ n†IŒ€ ;49K6NP8KDGFsWpPuPuF&WN`˜P?EMND~T”DIWpPZKFD6NTˆm f ?BOdP8KDg 6leKDIAKe:WpPWpŠLWNODWN9:e P8KD`˜679:`˜DGLP6NTLFDIZLOuDN=*Ž3679l‹
O&?BeKDGF~WbMNDI9:eK6NF~^8K6veKDGMNDIAE6NLOWbe:WpPWpŠ]WNOuD!¹¦AB?BŠ:F&WpFQ º 6NTcg 6ze:DIABOG=s; g 6leKDIA[?CO~9K6NP~9:DI`˜DIOOWpF&?BABQ
WS`˜67g LAEDGPuD1g 6ze:DIA
6NTcWv`GWpF~T¦WN`˜Pu6NFQNH6NFW $6NFPGH:6NF4WN9@WN?EF&6NF&PG= y 9LeKDGDIe<P8KDxMpWNAB?BeL?EPŒQS6NTYP8:DIOuD
gv6zeKDIACOg1ZLOuPŠ$D ¨ Z:DIOuP?E679KDIe
= y O?EP$67OO?EŠLABDPu6!8:WIMND–W VNDI9KDGF&?B`,g 6ze:DIA
6NTcW LWpFP?B`GZLABWpFOuDGP~6NT
OQzOuPuDIgbO [WpFDWNABA`GWpFT¦WN`˜Pu6NF&?EDIO¤Ou6ŸO?Bgv?CABWpF k8KD1WN9LOu^sDGF¤Pu6ŸP8:?BO?BOOZ:D1?BO4?EFFDIABDGMqWN9.PG=i*MNDI9?BT
?BPs^WNO367O&O?EŠLAEDPu6 8:W«MNDWN9!¯p6p©P8KD¤O8KDIAET¦¯,g 6leKDIA]6NTW–OuQzOPuDIg<HlP8KD4ZLOuD6NTP8:?BO*gv6zeKDIA]^367Z:ABe
gvDIWN9¼P8:WpP g1Z:`o8¼6NTP8KD<`˜67gvg–Z:9:?B`GWpP?B679“WN9Le“?C9_PuDGF&WN`˜P?B679“9:DI`˜DIOOWpFQ²Tª6NFP8KD<OZ:`G`˜DIO&O6NTW
³I¿
&O ?Bg1ZLABWpP?E679S:F6qtuDI`˜P3^367Z:ABeSŠ$D4AB67OuPG= y P?BO8:?EV78LAEQ ?Bg $6NFPWN9.P*T”6NFP8KD4`GZLOuPu67g DGF6NTW–:F6qtuDI`˜PPu6
Š$D~?C9_MN67AEMNDIeb?B9 P8KD~e:DGMNDIAE6NLg DI9.P6NT
W,g 6leKDIA H_6NP8KDGF^~?BOD8K6«^¸`˜67Z:ABe MpWNAB?Be:WpP?B679ŠD~:F&WN`˜P?BOuDIe
; $67OO?BŠLAEQ@Š$DGPuPuDGF1Mz?EDG^ ?BOPu6r`˜679.P?B9zZKDvPu6WNeK6N:PxP8KDb:F&WN`˜P?B`˜DIO,Tª67Z:9Le¥?B9¥gvWN9.Q‰g 6leKDIABAB?B9:V
]WN`apWpVNDIOP8:WpPWpFD`GZKFFDI9.PAEQvZ:ODIe
=ck8KDIOuD¤8:WIMNDxW–OuDGP6NTg 6leKDIA`˜67g $679KDI9.POx¹ ¨ ZKDIZ:DIOGHl^s6NFa.‹
OPWpP?E679:OGH]FDIOu67ZKF&`˜DIOIHLŠLW«QzOGH`˜679_MNDGQN6NFoOGH]DGP`p= º P8LWpPWpFD,ZLOuDIe@?B9hP8KD,eKDGMNDIAE6N]g DI9_P6NTcWbg 6leKDIA =
k~8KDIOuDb`˜679.PWN?B9¥T”DIWpPZKFDIO1P8:WpP,WpF&DbVNDI9KDGF&?C` Pu6hP8KDbOQzOuPuDIg `˜67g $679KDI9.PxP8:WpPxP8:DGQ‰FDG:FDIOuDI9.PG=
k~8KDIOuD4TªDIWpPZKF&DIO3WpF&D4Z:O&Z:WNABAEQ `GWpLWpŠLABD6NT[Š$DI?B9:V1WNe:Wp:PuDIeŸWNO9KDI`˜DIOO&WpFQv6NFgvWIQbŠD¤Ou^~?BP`&8KDIeS679
6NF*6p©ŸWNOWpL:F6N:F&?CWpPuDN=Yk8:D3$67?B9.Pc?BOdP8:WpPcP8KDGQWpFD~WpPWABDGMNDIAK6NT`˜67gvLAED˜—K?EPŒQ–WN9:e Z:9:eKDGFoOuPWN9:el‹
?C9KV<P8:WpPx?BOWp:LF6N:F&?BWpPuDPu6hP8:DbOuQlOuPuDIg `˜67g $679KDI9.PŠ$DI?B9KV<g 6leKDIABAEDIe
=; ^sDGŠK‹|Š]WNOuDIe¥g 6leKDIA
eLWpPWpŠLWNOuD@P8LWpPb?BOvWN`G`˜DIOO&?EŠLAED<Pu6²ˆ¸m f ŠLWNODIe™679™`GZKF&FDI9_PSO?Bg–Z:ABWpP?E679“:F&WN`˜P?COuD@g DIWN9:OvP8:WpP
MNDI9LeK6NF&O¤`GWN9‰gvWpaNDv9KDG^g 6leKDIAY`˜67g $679KDI9_PO¤W«MqWN?BACWpŠLAEDWN9:eœeK6«^~9LAE67WNe:WpŠLAED1^~8KDI9œ9KDI`˜DIOO&WpFQN=
k~8:?BOT”DIWpPZKFD^s67ZLABevŠ$DŠ$6NP8!WpPuPuF&WN`˜P?EMND¤Pu6–ZLOuDGF&O*WNO39KDG^g 6leKDIAL`˜67g $679KDI9.PO3`˜67Z:ABevŠ$D4gvWNeKD
W«MqWN?CABWpŠLAEDNHWN9:e²Pu6œMNDI9:eK6NF&O–Pu6œDI9:8:WN9L`˜DSP8KDI?BFODGFMz?C`˜DbPu6œP8KD<Z:OuDGFWN9:e“Pu6œ:FDIOuDI9.P–WN9:6NP8KDGF
6NL6NF&PZ:9:?EPRQbPu6b`o8:WpFVND,P8:DxZ:OuDGFI=
!€z†
ƒ n†I€ Œ„qƒ <„ –‡€ Œ hn
9_53-ch;>F$.W=BD2}+-)6%!$B*7FTB*4!$#-s+$K7&"!#- ^ !5-M!1.|!$#-s9C7 $)6.|9OB6./s9_53!$7&( EMB*)DBD!!$NIB*24+)*!$B*7F
217/./)DB*-J}F.8F)*/IB65P :7FEM5a-!$+F)D)*Fe !$#-'3A5-5‘-!b7&f!#-0Xb538&\7F>IB*24+-)6%!BD7 K./$B*?F"&\7F2
!#-0+$'7&f!$#
Xb53!$7K&(FEMB*)*Bj!L%!$1EM77 a!$B*7FQefEM7 )D)63A7FL%!BD7 QeF..-B*I!$BD3+/!$l.Xb7FUAP]k>#-1$E57FaA47F&9<;"=$a0!$#G)*BD&\
E5/EM)*'7F&$BD2}+-)*!$B*7Fs2G7/./)DB*-JGc,a-7F3-)*52
.-M‘-BD!$B*7FŒe-EM7FEM5a-!$+F)A217/./)Q./$BDJ QeBDa-+/!0.-!GEM7F)*)*E…!BD7 sF.
F)*/IB6e‡.-M!FBD)*.217.-5)q./lIB*JFQe‡217/./5),? 5Bj‘AE5%!BD7 .?%)*B*.-!$B*7FQeQ.-$BDJ 7&bIB*24+-)6%!BD7 M`/aA5BD21 !L5e
217/./):5`lEM+/!BD7 Qe,7F+-!$a-+/!Y)*$B65ev217.-5)b7Fa/!BD21B*%!BD7 Qeq.|217.-5)>./5a-)*7%215H!P -7F!$#-4B*2GaA7F$!FH!
Fa-a-)*B*E%!BD7 7&b./B*I!$B*3-+/!$l.C$B*24+-)6%!BD7 Wm\a$!]7F&217/./5)q./a-)*7%H21 !…o"!#%!g# 03A5_$+-a-B*$BDJF)*B*JF7F.
B6GIB*24+-)6%!BD7 /ch3F$.C!$LB*-B*-JP :)DC+$i7F&0IB*24+)*!$B*7F|X"BD!$#|!#-KXb53|#@? 82YB*-)*&\7/EM+Il.|7F|217/./5)
?%F)DB6.-%!BD7 T.|217.-5)bM`/E5+/!$B*7FQP_k>#-KaA7!5H!$B6)b3A5-5‘-!G7&n9<;"=y#@?F8)6JF)D_35+-$l)*BD._&\7F2
EM7F21215LEMB6)a$alE…!BD? FP g!#%!}E57F+-)6.y3A5-5‘-!}!#-7F+-J #_9<;"=yB*|!#-8-li!52
217/./)‡.-$BDJ 8.8$B*24+-)6%!BD7 /c†3F$.G!$LB*-B*-JPtu-7F2
F$sEM7FEM5a-!$+F)
4?F5./7F:a$alE…!BD? Feia-7F21B6IB*-Jg&\7/EM+:F$lgB*!$#
.-5?F)D7 a-215H!]7&:)*B*3-F$B*7&:$5c†+3)D1.M`!$./B*3-)*1$B*24+-)6%!BD7 CEM7 21a7 -5H!]F.217/./5)6'!$#%!iE5F3A
E57 I!" ‡E…!BD? 5)*KB*$5$!$..s+Il.KB*NX:3/c†3F$.KFa-a-)*B*E%!BD7 sH?B*$7 -215H!P
z=nMOD4=0 À &7"lÀ rÀ`@BIWJL$-,IÀ+<$V5Q5=)[2c$Q0>" &
YZ5=OW03$*C7C]YrÀ \0cC :a<_À>, 5=)[2Z5=)VO|ÀB&K$*)VY $Z5Q51)G2c$\0>"lÀ>,3Tm(O7C7C ^NÀ>4=<Q2')3,A@&À)À>I
C]:a0c&K$*4=& &K2j$Q<\2Z51& &7"\OD, $Z5Q5=)[2c$Q0B"i
J49:eKDGF1P8KDbLFDGMz?B67Z:Oxe:?BO&`GZ:OO?E679‰O67g Db`˜679:O?CeKDGF&WpP?E679^3WNO1V7?EMNDI9¥Pu6P8KDv6NL6NF&PZ:9:?EP?EDIO¤T”6NF–:F6N®:P
³«Å
ZL9:eKDGF4ˆ¸m f =$k8KD1FDIWNOu679Tª6NF¤P8:?CO~?BOP8:WpP?B9@WSMNDGFQr:F&WpV7gvWpP?B`–OuDI9:ODNH]MNDI9:e:6NF&O¤g1Z:OP8:W«MNDvOu67g D
?C9:`˜DI9_P?BMNDPu6bg 6«MND,TªF67g P8KDI?EF`GZKFF&DI9_POu6NT”PŒ^WpFDxŠ]WNOuDxPu6vW ^3DGŠK‹|ŠLWNOuDIeh679KDN=¤?BO`GZ:O&O?E679:O36NTdW 9KDG^
^3DGŠK‹|ŠLWNODIe²^36NF&ABe²6NT~O?Cg1Z:ACWpP?E679WpFD<WNAE^WIQlO?B9.PuF&?EV7Z:?B9:V@WN9:e“?B9_PuDIACAEDI`˜PZ:WNABAEQ‰OuP?Cg1Z:ACWpP?B9KVK=rJ49KT”6NFu‹
PZL9:WpPuDIAEQNH[?B9rP8KDMNDGFQr`˜67gvDGP?BP?EMND^s6NF&ACer6NTsO?Bg–Z:ABWpP?E679g 6leKDIABAB?B9:VbOu6NT”PŒ^WpFDvWN9_Qg 6«MND Pu6<ˆm f
g–Z:OuP4Š$DtZ:OuP?B®:DIer?C9@PuDGF&gbO6NTs`˜67OuPG=,;4e:e:?EP?E679LWNABAEQNHLO?Cg1Z:ACWpP?E679rO6NTªPR^3WpFDMNDI9:e:6NF&O¤8:WIMNDvg–Z:`&8D˜—z‹
$DGFP?COuDS?B9P8KDSe:DGMNDIAE6NLg DI9.P16NTOu6NTªPR^3WpF&D!T”6NF–LWpFP?B`GZ:ACWpF1`˜67g LZ:P?B9KVrOQzOuPuDIgbOG=>@6«Ml?B9KVrPu6ˆm f
^367Z:ABeœ?B9.MN67AEMND W<e:? ©$DGFDI9.P¹¦WN9Le‰`˜67OuPAEQ º OuDGP6NTsOual?BABACO1¹¦? = DN=–eKDGMNDIAE6N$DGF&OZ:OuDIePu6h`˜FDIWpP?C9KV<Ou6NTªPR^3WpF&D
T”6NFvW^~?B9:e:6«^~O%‹|Š]WNOuDIe¥6N$DGF&WpP?B9:VOuQlOuPuDIg¢`GWN9:9:6NPO&?Bg LAEQœFDI`˜6leKDŸP8KD<Ou6NT”PŒ^WpFD<T”6NF–P8:D!^3DGŠ º = y P
?CO~DI9.P?EFDIAEQŸ$67OO?BŠLAEDP8:WpP4P8KD1`˜67OP¤?C9:`GZKFFDIehŠ.QhWbMNDI9:eK6NF?B9hPuFoWN9:OABWpP?B9:VvP8KDI?EF4Ou6NTªPR^3WpF&D–T”F67g P8KD
`GZ:FFDI9.Pc6NDGFoWpP?B9KVLABWpPuT”6NF&g?B9.Pu6xW¤^3DGŠK‹|ŠLWNOuDIe 679:D`˜67Z:ABe 9K6NPŠ$DntZ:OuP?E®:DIe–ŠzQ–W¤LFDIe:?B`˜PuDIe ?B9L`˜FDIWNOuD
?C9@P8KDI?BFT¦ZKPZKFD–OWNAEDIOG=\d?B9:WNACAEQNH]WN9:eœg 67OPPuDIABAC?B9KV7AEQNH]679KD `GWN9rDIWNO&?BAEQheKDGŠLWpPuD WST”Z:PZKFD1?C9@^~8L?B`&8WNABA
MNDI9LeK6NF&O*ODIABAKD˜—lPuDI9:O?EŠLABD`˜6.6N$DGF&WpP?EMND^sDGŠ:‹|ŠLWNOuDIebO&?Bg1ZLABWpP?E679 DI9.Mz?BF679:g DI9.POcP8:WpP3Z:OuD~g 6leKDIABOPWpaNDI9
T”F67g2O8:WpFDIerg 6leKDIA[e:WpPWpŠLWNODIOG=~¬6«^3DGMNDGFIH
e:?BO`GZ:O&O?E679:O^~?BP8@AEDIWNe:?C9KVvO?Bg–Z:ABWpP?E679@Ou6NTªPR^3WpF&D–8K67ZLOuDIO
WNACA
$67?B9_PPu6SP8KD1O&WNg D,`˜679:`GABZLO?E679
=3k8:?BOT¦ZKPZKFD^?BABA
9K6NP~8LWp:$DI9<Z:9_P?CA
679KD,Ou6NT”PŒ^WpFD8K67Z:OuDPWpaNDIO
P8:Db®:F&OPxOuPuDG[HdWN9:e‰P8:?BOx^~?BABAc9K6NP18:Wp:$DI9‰Z:9.P?BAc:FDIeL?B`˜PuDIeœFDGMNDI9zZKDb^~?CABAcg 6NFDvP8LWN9¥ŠLWNABWN9L`˜Dv67ZKP
P8:D,`˜67OuP6NTdFDIeKDGMNDIAB6NLg DI9.PG=
!€z
† ƒ n†I€ Œ„qƒ <„ –‡€ Œ hn
k>#Xb53/ch3 Il.8a-a$7HFEL#1!$71$BD2}+-)*!$B*7F82Y@8$7F21M!BD21l5`/E5)D+./a$7 a-$B*M!LGFa-a-7 EL#-,3+/!>!$#-B6bB*b-7F!
!#-G21FBDB*I+FP]k>#-42YB*B6$$+-GF$B*JF#H!$)*-7!.B*V!#-}a$?HB*7F+naFFJFLa-#NB6n!#-GE57 I!0?F$+03-M‘-!
7F&q21BDJ !$B*-J1!$78Xb53-c†3 Il.NIB*24+-)6%!BD7 I7F&‹!rXbF$ P0-)*"!$#5iB*8EM7 21a)D)*BDJ8$l)X:7 $)6.a-$7 3-)*52€!$#!
B6NI7 )D? .7 -)Dˆ!#-$7 +-JF#SXb53/ch3F$.OFa-a-7 EL#Qe"7FT$BDJ -Bj‘AE5H!3-M‘-!N7&4E57F?FI!BDJ|!$7WX:3/c†3F$.
$7F)*+/!BD7 5e!$#GE57F21215LEMB6)*BDl%!$B*7FN7F&q9<;>=N!$EL#-7F)*7FJ sX"B*)D)v3AG$)D7%XgPk>#-5i-.-0!$7s31Y3-+$B*-EF$
&\7 b!$#-]EL#JFn!7}9<;"=‡eH!#%!>B*e!$#'E57 I!:7&9<;>=sEM7 ?F5L$BD7 G5.!7}3A:pr+r!Bj‘.sX"Bj!#sEM7 21a)D)*BDJGF.
$+I!FBD-B*-JN5?F+-}JHB*&\$7 2
9<;"=‡PŒ{07FyEM7F21215LEMB6)t&\+./B*-J&\7F [ 7 $JH-B*!$B*7F0!$7VE57F)*)*F37 !$
X"BD!$#}EM7F21215LEMB6) IB*24+-)6%!BD7 g?F./7FLfX"B*)D)H)*BDU 5)*' E5EM)D!$v!$#:F.-7Fa/!BD7 i.]J $7%X>!#'7F&-9<;"='BDiB*./+r!$ P
z=!#"%$'&n?OEÂ*"k&@&À!&7"lÀ!OD4O7&
OW$*C <Q2c2*) 2Z5KÀB4À>)Z,F>2*)!0Z2*??bÀ>)[0BOW$*C$Q<Q2V51&
O
2'4 2GF rÀ`@BIWJL$-,IÀ+< MaOD?:;CE$'&
O
2'4
%R ÀIÁ Â_ÁUTh032*C7CE$\@+2*)[$'&
O7p^ À ? 2`_< À>C]OD4zÂ@À>4a^OD)[2*4a?bÀB4&7,g1i
k~8KDx:FDGMl?E67Z:O~e:?BO`GZ:O&O?E679!LWN?B9.PuDIe@W FoWpP8KDGFŠ]AEDIWpaST¦ZKPZKF&DxTª6NF^sDGŠ:‹|ŠLWNOuDIe@O&?Bg1ZLABWpP?E679
=DGPZ:OPWpaND
P8:D 6N:$6NFPZ:9:?EPRQ<Pu6h?B9.MNDIOuP?EV7WpPuDv8K6š^ WŸ®:F&OuP¤OuPuDG¥`˜67Z:ABeŠ$DPWpaNDI9
=;O¤:F&DGMz?E67ZLOAEQŸ6NŠLOuDGFMNDIe[H[P8KD
®LF&OuPOPuDG?B9.MN67AEMNDIO¤WSF&WpP8KDGF¤`˜67ABer`GWNAC`GZ:ABWpP?E679@ŠLWNOuDIer679rLFDIe:?B`˜[email protected]:DN=k8:?CO~?BO~ŠD1ŠLWNOuDIer679
LFDIe:?B`˜PuDIe“eKDIgvWN9:e[HnP8KD!:FDIeL?B`˜PuDIeZ:ODb6NTˆm f ŠzQ‰P8KD!Z:OuDGF&OGHc? = DN=rP8KDŸO?Bg–Z:ABWpP?E679¥`˜679LOZ:AEPWN9.PO
³
WN9LebP8KDI?BFs`GZ:OuPu67gvDGF&OG=*U¤?EMNDI9SP8:WpP3TªDG^Ou6NT”PŒ^WpFDMNDI9LeK6NF&O3Wp:$DIWpF4¹”6«MNDGFP8:D~P?Bg D~6NT[^F&?EP?C9KV º Pu61Š$D
ODGF&?E67Z:OABQr`˜679:O?CeKDGF&?B9KV<Whgv6«MNDS?C9_Pu6h^3DGŠK‹|ŠLWNODIeO?Bg–Z:ABWpP?B679
H[?EP,Wp:$DIWpF&O¤P8LWpP,P8KDI?EF1Z:OuDGF&OxWpF&Db9K6NP
e:DIgvWN9:e:?B9:VWb`&8:WN9KVNDN=sˆ¸8.QŸ?BOP8:?BO
§9KD~FDIWNO679S^8_QvP8L?BO*?BOsP8KD¤`GWNOuD¤`˜67Z:ABeSŠDP8:WpPZ:OuDGF&O3WpFD*tuZ:OPs9K6NP?B9.PuDGFDIOuPuDIeŸ?B9vˆm f =K¬~6š^sDGMNDGF«H
V7?BMNDI9œP8:WpPP8KD®:DIABeœ?BO¤AB?EPuPABD–g 6NF&D–P8LWN9œTª67ZKF¤QNDIWpF&Ox67ABeœWN9:e‰?BO4:F&?B9L`G?ELWNABAEQŸWN`GWNeKDIgv?C`–?C99LWpPZKFDNH
ZLOuDGF&OgvW«Q!9K6NPŠ$D¤WI^WpFDx6NTYP8KD¤$67OO?EŠLABD~Š$DI9KDG®:PO6NTYeKDIgvWN9:e:?C9KV–W gv6«MNDxPu6 ˆm f = y PgvW«QSP8:DGFD˜‹
T”6NFDhŠ$D<W¥`GWNOuDr6NT4WABWN`a¼6NT¤WI^WpFDI9KDIOOG=¸¬~6š^sDGMNDGF«HDGMNDI9½?ETDGMNDGFQ·D˜©6NF&Pv^3WNObgvWNeKDhPu6¥LF6«Ml?BeKD
gv6NFDSDIeLZ:`GWpP?E679¥Ml?BWrOuDIgv?B9:WpFoOo»šLWp$DGF&OxWpPOuDIgv?B9LWNA*`˜679KT”DGFDI9:`˜DIOOZ:`o8WNO–P8KDSˆ¸?B9.PuDGF f ?Bg–Z:ABWpP?E679
Ž679KTªDGF&DI9:`˜D~6NFˆi*m fzy >•WN9:e f DI`G?CWNA y O&OZKDIO3OZ:`&8SWNO3P8:?BO679:DNH.T”6NFsD˜—KWNg LABDNH.P8KDIOD^367Z:ABevOP?BABA:Š$D
Š]WNOuDIe679ODI`GZLABWpP?E679
=¤XY67OO?EŠLABQ<^~8:WpP¤?BO9:DGDIeKDIeœ?BO¤g 6NFDeKDIg 679:OuPuFoWpŠLAED,Š$DI9KDG®LPOG= y O¤?EP67O&O?EŠLAED
Pu6bV7?EMNDxFDIWNA
D˜—KWNg LABDIO6NTc`˜67OuP~OW«Mz?B9:V7OPu6vP8KD,ZLOuDGFMl?BWP8:?BOPuDI`o8:9K67AE6NVNQ
DGPFDGMz?CO?EP*P8:D6NŠLODGFMqWpP?B679!gbWNeKD4?C9Ä c³ qÆ|=s;~T”PuDGFFDGMz?BDG^~?B9KV–gvWN9_QS`˜67gvg DI9.POgvWNeKD4Š.Qv^~F&?EPuDGF&O3?B9
P8:D~®:DIABev6NT[O?Bg–Z:ABWpP?E679vWN9LebWpT”PuDGF3?B9.PuDGFMl?EDG^~?B9:V4F&DG:FDIOuDI9.PWpP?EMNDIO36NT$P8KDO?Cg1Z:ACWpP?E679v`˜679:OZLAEPWN9_P3WN9:e
`GZLOuPu67g DGF`˜67gvg–Z:9:?EP?EDIO¹”P8KD Z:OuDGFoO º P8KDGQr`˜679:`GABZ:eKDIerP8:WpP`˜67gvg–Z:9:?B`GWpP?B679rWN9:eœ?B9.PuDGF&WN`˜P?E679r^3DGFD
679:Db6NTP8KDvaNDGQlO1Pu6@P8KD!OZ:`G`˜DIOO16NTW@O?Bg–Z:ABWpP?B679‰:F6qtuDI`˜PG=<X*?B`&az?B9:V@ZK¥679²Wh$67?B9.P,gvWNeKDvDIWpFoAB?EDGF
?C9<P8:?BO]WpDGF«H:Wv^3DGŠK‹|ŠLWNOuDIe 032c2Z5:>À )[$'&
OD^NÀ4O?Bg–Z:ABWpP?E679@g 6ze:DIABAB?B9KV–DI9.Mz?EF&679:g DI9.P?BOT”DIWNO?EŠLAEDN=ŽWN9<^3D
O&8KDIehg 6NFDxAC?EV78_P679h^~8:WpP~?BOgvDIWN9_PŠzQ!P8:?BO
Ž67g LZKPuDGF f ZK:$6NFPuDIe¥Ž36z6NDGFoWpP?EMND ˆ‰6NFa™¹|Ž f Ž3ˆ º ?BOxW<g–Z:AEP?Ce:?BO`G?E]AB?B9:WpFQ!®:DIABeœP8LWpP,Wp:$DIWpFDIe
?C9vP8KDDIWpF&AEQ<³Iµ ¡ jOWNOsW,FDIOu$679:OuD~Pu6,P8KDT”WN?BACZKFD6NT y 9KTª6NFogvWpP?E679bknDI`&8L9K67AE6NVNQvPu61:F6N$DGF&AEQOZK:$6NFP
P8:D9:DGDIe:O46NT$DG6NLAED–^s6NFal?B9KV!?B9rVNF67ZKLO¤WN9:e6NFV7WN9:?COWpP?E679:O¹uÄ Æ º =xk8KD–®:DIABerV7WIMNDbF&?BOuD1Pu6!VNF&67ZKK‹
^WpFDNH_O6NTªPR^3WpFD~P8:WpPcOZK:$6NFPOd`˜6z6NDGFoWpP?EMND^s6NFal?B9KVK=U4F67Z:.^WpFD?B9:`GACZ:eKDIO?C9_PuDGVNF&WpPuDIebg1Z:ABP?Bg DIe:?BW
e:6z`GZ:gvDI9_P4gvWN9:WpVNDIg DI9.PGH
^s6NF&a.£:6š^­¹¦WNZ:Pu67gvWpP?B`1:F6l`˜DIOO?B9KVSWN9:e@F&67ZKP?B9KVv6NTsg DIe:?BW º H]D˜‹ŒgvWN?BA H`˜679l‹
T”DGFDI9:`G?C9KVbWN9:er`GWNAEDI9:e:WpF&?C9KVvWp:LAB?C`GWpP?E679:OP8:WpP4WpFD1?C9<^~?BeKDxZLOuD1?B9@?B9:e:Z:OPuFQbPu6le:WIQN=U¤F67ZKz^3WpFD–?BO
9:6NP*QNDGPgvWNeKDW,VNFDIWpP?Bg LWN`˜P3?B9 P8KD^s6NF&ACev6NT[O?Bg–Z:ABWpP?B679vg 6leKDIABAB?B9:VK=nk8:?CO?BO*9:6NPse:ZKD~Pu6,P8KD4ABWN`a
6NT3Ou6NT”PŒ^WpFD 9K6NF?EP4?COe:Z:D1Pu6<?B9:WNe:D ¨ Z:WpPuD–PuDI`&8L9K67AE6NV7?B`GWNAcOZ::$6NFP1¹¦WNO¤DGMl?BeKDI9:`˜DIeŠzQhP8KD–D˜—l?BOPuDI9:`˜D
6NTVNF67ZKz^3WpFDOu6NT”PŒ^WpFDOZ:`o8ŸWNO 6NPZ:O ~6NPuDIO -» 67gb?B9K6 WN9:eŸ>@?B`˜F&67Ou6NTªP~§ S`˜Dš»qic—K`&8:WN9KVNDWN9:je DGP%‹
>@DGDGP?B9KVKH
WN9:eP8KD–eKDGMNDIAE6NLgvDI9_P¤6NTe:?BOPuF&?EŠLZKPuDIe»q9KDGPŒ^36NFaNDIeO?Bg–Z:ABWpP?E679rg 6ze:DIABAB?B9KV PuDI`o8:9K67AE6NV7?BDIO º =
y 9:eKDGDIeWN9K6NP8KDGF,]WN9KDIAc6NTO?Bg–Z:ABWpP?E679œD˜—l$DGFPOx8:?BV78:AB?EV78.PuDIeP8KDb9KDGDIeTª6NF,`˜6z6N$DGF&WpP?EMND!O?Bg–Z:ABWpP?E679
gv6zeKDIACAB?B9KV Pu6z67ABO4P8:WpP`GWN9ŠD–Z:OuDIer^~?EP8:?C9hWN9DI9_PuDGFLF&?BOuD16NF4Š$DGPR^sDGDI9‰gvWN9.QhDI9.PuDGF:F&?COuDIO~DI9:V7WpVNDIe
?C9@ŠLZLO?B9KDIOOPu6!Š]Z:O?B9KDIO&O`˜67gvg DGF&`˜DPu6<OZKL6NF&P~Wp:LAB?C`GWpP?E679:O~O&Z:`&8WNO¤i*9.P?EPŒQ@}~DIOu67ZKF&`˜DX*ACWN9:9:?B9KV
¹uÄ ³GÆ º =
³Iµ
~k 8KD~`˜679:`GABZLO?E679 Pu61P8:?BO y P*Wp:$DIWpF&O*P8:WpPs?BP?BO$67OO?BŠLAED3Pu61eKDGMNDIAE6NŸWp::F&67WN`&8KDIO*Pu6,P8KD4?B9_PuDGVNFoWpP?E679
6NT3VNF67ZKz^WpFDv^~?EP8œO?Cg1Z:ACWpP?E679œg 6ze:DIABAB?B9KVSPu6h:F67gv6NPuD FDIg 6NPuDb`˜6z6N$DGF&WpP?E679
= y T*P8:?BO?CO¤67O&O?EŠLAEDNH
P8:DI9vP8KDŠDI9:DG®:PO~¹¦`˜67OuPWN9:evP?Cg D~OW«Mz?B9:V7O º Pu61P8KDZ:ODGF&Oc6NT[O?Bg–Z:ABWpP?B679 g 6ze:DIABAB?B9KVOu6NT”PŒ^WpFD¤`GWN9bŠ$D
e:DIg 679:OuPuF&WpPuDIe[=\:6NFD˜—KWNg LAEDNHn³,O8K6š^~OP8:D,`˜67g,Š]?B9:WpP?E679@6NTYP8:D19KDGP%‹Œ`˜679KT”DGFDI9:`G?C9KVvPu6z67AY>r?B`˜F67Ou6NT”P
DGP&>@DGDGP?B9KV^~?EP8‰W@O&?Bg1ZLABWpP?E679‰g 6leKDIABAB?C9KVS]WN`apWpVNDœ¹¦OuDGDœÄ ³I¿qÆ*T”6NF1g 6NF&DbeKDGPWN?BABO º = y TsP8:?COx`GWN9Š$D
e:679KDNH]P8:DI9@P8KD–Š$DI9KDG®:PO~6NTˆ¸m f `GWN9rŠD–eKDIg 679:OPuF&WpPuDIePu6SP8KDZ:OuDGF4`˜67gvg–Z:9:?EPRQN= y TcP8:?BO`GWN9rŠ$D
e:679KDNH$P8KDI9@P8:D–eKDIgbWN9:ehT”6NF¤ˆ¸m f `GWN9ŠD–eKDIg 679:OPuF&WpPuDIePu6SP8KD–MNDI9:eK6NF¤`˜67gvg–Z:9:?EPRQN=4\d?B9LWNABAEQNH]?BT
P8L?BO`GWN9<Š$DxeK679KDNHKP8:DI9<^sD1gvWIQ<8:W«MND1`˜67gvg DGFo`G?BWNA
ˆm f =
\d?EV7Z:FDv³p‡*ic—KWNg LABD6NTYkn6.67A y 9.PuDGVNF&WpP?E679
!€z†ƒn†I€Œ„qƒ
<„ ”
† ‚ >
k>#b5`-21a-)*bF$l Z E57F)*)*F37 !$B*?Fq217/./)DB*-J]5?BD7F2GH! Z B6vE55$!FBD-)*i'UFi"&\7 t+5Pv9_>F$>)*F.-
3A5J BD-BDJN!$7VIYI?F5L),E57F21215LEMB6)ta-7.-+E…!L]&\7FiE57F)*)*F37 !$B*?F ]Š 5?B*$7 -215H!'X"#-$17F
-JFB*-5EYaA7 $Bj!:4./$BDJ Y.G!#-5KF-7!#-5:FEM7 v!$#0Xb7F)*.1E5F1BDH!$ E…!X"BD!$#1!#-n‘I!q5-J BD55:X"Bj!#
}EM7 2G217 5?B*$7 -215H!P ^ s$BD2}+-)6%!$B*7FŒe Xb#@?F04-5l.Y&\7F>KBD21215LIB*?F
p¡
5?B*$7 -215H!q&\7FbX"#!
Xbg]2G7/./)DB*-JPqV7F57%? 5leFXb'#@?FgG-5l.8&\7 nBD21215LIB*?F]H?B*$7 -215H!b&\7F>!$#g2G7/./)ŒI!$+E…!+-$g Xb5)*)†Pvk>#->B*H!$5LFEM!$B*?Fbz ^ 5)6%!BD7 $#-BDa435!rX:5}!$#->a-#--7F2103A5B*-J]217/./5)*.G.i!$#->217/./5)-I!$+EM!$+-
5.)*7!L7F&QX:7 $U‡Pk>#;b)*``+ :7F2124+-Bj!r8=$? 5qB6:F8M`-F2Ga)Dn7F&Œ4$+E5E5r&\+)EM7 212GE5B*F)a-7/./+EM!
!#%!nF)D)*7%Xnq2}+-)j!BDa)Dg@?%%!LL$#BDJi!$#'21'‰ [ x_Xb7F)*.Qe X"BD!$#7Fa-aA7F$!$+-Bj!BDlq!7}B*H!$ E…!>X"Bj!#-BDs!$#
Xb7F)6.fP9_n-.1217FnH?B*$7 -215H!t)*B*UF"!#-B*eHX"Bj!#1!$#-BD21aA7F$!H!EaF3-BD)*BD!$B*$+-a-aA7F$!$B*-Ji$#.G7 3/prEM!
2YF-BDa+-)*!$B*7FP
K=!#"lÀ>)À<Q2 YQ2*:,IÀ&À rÀ@>IKJ$*,GÀ+< MaO7?:;CP$'&
OW2*4SO748^pÀNY_À+$*)Z,ki
U ?EMNDI9!P8KDLFDGMz?B67Z:OseL?BO`GZ:OO&?E679v?B9SP8:?BO3OuDI`˜P?E679
H y OuDGD¤P8:?CO*®:DIACeb8:W«Mz?B9:V–W1MNDGFQSOPuDGDGŸ8L?BABAKPu6 `GAB?Bg1Š[=
6.6Nal?B9KVŸ?B9.Pu6SP8:D–LF6«MNDGFŠ]?BWNAn`˜F&QzOuPWNAYŠLWNACA y ODGD–PR^s6<T¦ZKPZKF&DIOG= y 9P8KD®:F&OuP y OuDGDP8:?BO4`˜67gvg–Z:9:?EPRQNH
9:6NP P8KDhMNDI9:eK6NFoOGHs9K6NP P8:Dh`˜679:OZ:AEPWN9.POv9K6NF P8:DI?EFv`GZ:OuPu67g DGFoOGHsŠ]ZKPP8KDS)uÀ>,GÀ3$*)G0B"œ`˜67gbg1Z:9L?EPŒQNH?B9
®LMNDxQNDIWpF&OP?Cg D:F6le:Z:`G?B9:V–gvWN9.Q<g 6NFD,WN`GWNe:DIgv?B`LWp$DGF&O679hˆ¸m f WN9LehWN9K6NP8KDGF~XdWN9KDIALWp$DGFŠ.Q
WN9:6NP8KDGF1WN`GWNeKDIgb?B`vgvWpal?B9KV<O?Bgb?BABWpF`˜679:`GABZ:O&?E679:OG= y 9‰P8KDvOuDI`˜679:e[HP8:?BO`˜67gbg1Z:9L?EPŒQœeKDGMNDIAE6NLO1WN9:e
aNDGDG]Oc679KDTª6z6NPc®:F&gbAEQx?B9–P8KD`˜67gvg DGF&`G?CWNAKOuDI`˜Pu6NF*WN9:eWNeK6N:POcWN9 WpPuP?BPZ:eKD6NTe:DIg 679:OuPuF&WpP?B6791FoWpP8KDGF
P8LWN9v:F67gb?BOuD^~?EP8bWxMl?EDG^™Pu61OP?Bg1ZLABWpP?B9KVeKDIgvWN9Leb?B9 P8:D~Z:OuDGF*`˜67gbg1Z:9L?EPŒQN= y T$P8:?BO8:WpLDI9LOdP8KDI9
?C9™®:MNDrQNDIWpF&O!P?Bg D@^3DrO&8:WNABAŠ$D@e:DGŠLWpP?B9KV²P8KD@®L9:DGFb$67?B9.POv6NTP8KDr^s6NF&ACe™^~?Be:Dh^sDGŠOuPWN9:eLWpF&e:O
^?EP8@P8:D–ˆ‰6NFoABeˆ¸?Be:D1ˆ‰DGŠ²Ž3679LOu6NFP?BZ:g P8:WpPO8K67ZLABerZLOuDIe@ŠzQ@P8:D1DIg DGF&V7?B9KV<`˜67gvg DGF&`G?CWNAnˆm f
DI9.Ml?EF679:g DI9.POP8:WpPWpFDŠ$DI?B9:V1^Fo?EPuPuDI9
= y P?BO3P8:?BOT¦ZKPZKFD4P8:WpP?BOŠzQbT¦WpFP8KDg 67OuPe:DIO?EF&WpŠLABD6NTYP8KD
PR^s6K=3k8:?BO?BOP8:DxTª6l`GZ:O6NTYP8KDxJ4w i*X f }Ž¸kDI`o8:9K67AE6NVNQ<XF&6NVNF&WNgvg nD DGPŒ^36NFarU¤}§¤J4X fzy >(¹¦OuDGD
^~^^x= Š:F&ZL9KDIA =jWN`p=jZKa:»1`GOOuPO”tuPT”6NF~g 6NFDxeKDGPWN?CABO º =
!€z
† ƒ n†I€ Œ„qƒ <„ ”† ‚ >
^ J $sX"BD!$#<E577FaA5L%!$B*7FWX"Bj!#!$#-V9
m(9C7 $)6.ˆ9OB*.-V9C3
7 +/!4./B*$lE…!BD7 ]&\7Fg$FEL#CBD? 7F)*?HB*-JNwxO._#-7%X
&\7 sF)D)7&g!$#C./7 21FBD-ch$alEMBD‘EF$lFP
:7 $7F$!$B*+-28o…P<9_V-5l.W!$7|3AM!I!58B*7F
7F+-g217/./5)6gX"B*)D)‘-!iX"BD!$#-B*|wx5a$lI !L%!BD7 )D)'7&]!#-$CF$lFYXb7FUBD-J|B*./a./ !)D Pzn7%X
X"B*)D)'7F+
217/./)*b3A'I!$+E…!+-.8$7i!#%!b!$#-]5a-$5H!L%!$B*7FqE5F8‘-!b!$7 JFM!#-5…‚ 'BD? 5i2Y+/&( E…!$+$B*-J4a)*F !>wx
5a$lI !L%!BD7 Qe#-7%X
X"B*)D)ŒX:gEM7 --lE…!"!$#B*>!717F+-n./B6EMM!$]?F5H!"217/./5)6‚
01# \KF67g P8KDbWpŠ$6«MNDbeL?BO`GZ:OO&?E679:OGH$?EPx?BOWp:]WpFDI9_PP8LWpPP8KD ¨ Z:DIOuP?E679‰?BO9K6NP1¯p^~?BABAB¯Sˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?E679
Š$DI`˜67g Dr?Cg $6NFPWN9_PGH3ŠLZKP FoWpP8KDGFS¯p^~8:DI9:¯¥WN9:e’¯pŠ.Q¼^~8:WpPbLWpP8:¯¥^?BABA?EPvŠ$DI`˜67g D?Bg $6NFPWN9.PG=’\K6NF!P8KD
O?Bg–Z:ABWpP?B679¼FDIOuDIWpF&`o8½`˜67gvg–Z:9:?EPRQNHsP8:DGFD@WpFDhDGMNDGF‹|VNF6«^~?C9KV¥FDIOuDIWpFo`&8™6NL6NF&PZ:9:?EP?EDIOWNOSe:?BO`GZ:O&OuDIe
=½§¤9
l³
P8KDŸ`˜67gvg DGF&`G?CWNAsO?CeKDNHnMNDI9LeK6NF&O1^~8K6rODGDSP8KD!?Bg $6NFPWN9:`˜DS6NTP8KD!ˆ‰DGŠ¼WN9Le?B9.PuDGF6N$DGF&WpP?E679²^~?EP86NP8KDGF
?B9KT”6NF&gvWpP?B679ŸPuDI`&8:9K67AB6NVNQ!Pu6z67ABOGH]8:WIMNDNHWpP~AEDIWNOuP?B9Ÿ67Z:F6NL?B9:?B679
HlVNFDIWpPT¦ZKPZKFD6N:$6NFPZL9:?EP?EDIOG=
I*
*c
Ä ³ Æ1mWN9KalOGHY5:=*¹%³IµNµ º =Yk~8KDv\:ZKPZKF&Dv6NT f ?Bg1ZLABWpP?E679 f 6NT”PŒ^WpFDN‡1; XdWN9KDIA¤?BO`GZ:O&O?E679
= )[2c0 À&À+<'OD4.Â', 2GFH&7"KÀ
#O74&Œ>À )nMOD?:;CP$Q&
O
2*4 (2'4cFGBÀ )uBÀ 4=0oÀGH:ˆ¥WNO8:?C9KVNPu679
HxŽ4HÅpµ7Å«‹ ¡*K=
Ä šÆ1mZ:OOIHY;1=nWN9:e f Pu6NFaHcw =s¹%³IµNµN¿ º (= ¤?BO`˜FDGPuDŸiMNDI9.P f ?Cg1Z:ACWpP?E679¥WN9:eˆ‰6NF&ABel‹|ˆ?BeKDvˆ‰DGŠ¼J4O?B9KVr5_WIMpWl=
)G2c0 À&3À <*OD4z* ,2[Fn&7"lÀ #OD4=&Œ>À )nMaO7?:;CP$'&
OW2*4 (2*4`FGBÀ )uBÀ 4=0oÀGHŽ36NF679:WNe:6KHŽ;1H]Å ¡q‹ Å ¶z=
Ä šÆŽ8:DI9
HU–=WN9:e fz{ QlgvWN9:Oual? H:m4=Y¹ p¡N¡N¡ º =[>rZ:AEP? ‹|]WpF&WNe:?EV7g f ?Cg1Z:ACWpP?E679:O?B9@>@6ze:DIAB?B9KV f LFDIWNe<6N(T [Qlg D
¤?BOuDIWNODN= )[2c0oÀo+À <*O74.'Â , 2GFA&7"l
À :;)G2Z5:+À $*4 S:%CP&
O7I/MaO7?:;CP$'&
OW2*4 (2*4cFI>À )>À 4=0 À˜HcU¤8KDI9.PGHnm3DIAEV7?BZ:ghH'¿ l³ ‹
'¿ Nµz=
Ä pƎZ:ŠDGF&PGH}x= >=EH¤U46NazPuDGaz?C9›k=sWN9:e\d?BO8.^~?B`&a]HXY=j;1=x¹%³IµNµ7Å º =>§,§ f i‡3WpF&`&8L?EPuDI`˜PZKFDœ6NT,WN9¸6NŠltuDI`˜P%‹
6NF&?BDI9_PuDIe·g–Z:AEP?Bgv6zeKDIAC?B9KV@O?Cg1Z:ACWpP?E679²OQzOuPuDIgh= )G2`0oÀ&3À <*O74.* , 2GF 4=$\@>C]O74. +À 0B"\4=2*CE2Q YAF>2')#MaOD?:;CE$'&
O
2'4
M=0cO BÀ 4=0oÀGH:XdWpFP6NT f X y i™;DGF6 f DI9:OD µ7ÅvŽ3679KT”DGFDI9:`˜DNH$§4F&ABWN9:e:6KHl\ *H] N š‹R- K=
Ä ¶šÆ1\d?BO8.^~?B`&a]HXn=j;1=WN9:e DI?EV7AEDGF«H~m4=jXn=x¹%³IµNµN º =4;>@ZLAEP?Bg 6leKDIA>@DGP8K6leK67AE6NVNQ’Tª6NF ¤Z:WNAC?EPWpP?EMND‰>h6leKDIA
is9KV7?B9KDGDGF&?C9KVK= a)[$*4X,>$\0c&
OW2*4X,2'4 2c<_BÀ C O74.# $*4=< (2'? 51:;&ŒBÀ )NMaO7?:;CP$'&
OW2*4:H$ K¹%³ º ‡3¶N š‹ ³p=
Ä ¿šÆ1\d?BO8.^~?B`&a]HzXY=j;,=
¹%³IµNµN¶ º =:;›knWq—l679K67g1QvT”6NF f ?Cg1Z:ACWpP?E679v>h6leKDIAB?C9KV,mWNOuDIeS679SX*F6NVNF&WNgvgv?C9KNV WN9:V7Z:WpVND
X*F&?B9:`G?E]AEDIOG= a)[$*4X,>$\0c&
OW2*4X,2'4 f>À ,G3À $*)G0B"_H p¡l‡ ³N³ ‹ p¡l=
ÄjÅ«Æ1\d?BO8.^~?B`&a]HKXY=j;1=¹%³IµNµN¿ º =Lˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?E679
‡ f 67g DXYDGF&Ou679LWNA§4ŠLOuDGFMpWpP?E679:OI= )G2c0 À&3À <*OD4z* , 2GFn&7"KÀ
#O74&Œ>À )nMOD?:;CP$Q&
O
2*4 (2'4cFGBÀ )uBÀ 4=0oÀGHŽ36NF679LWNeK6KHŽ;1HÅNÅp š‹ ÅNÅpµz=
Ä ÆU4FoZ:e:?B9
Hc5K=¹%³IµN-µ º =3Ž367gvLZKPuDGF f ZK:$6NFPuDIe¼Ž36.6N$DGF&WpP?BMNDSˆ‰6NFa‡b¬4?BOuPu6NFQ²WN9:e²\:6z`GZ:OI= (2'? I
5=:X&ŒBÀ )oH] K¹ ¶ º ‡4³Iµš‹R N¿z=
Ä µšÆ–>r?BABAEDGF«H5K=j;1=EHU4DNH =WN9:ekYWp6<5:=d¹%³IµNµ º =dŽ367g $679KDI9.P%‹Œm3WNODIe f ?Bg1ZLABWpP?E679@is9_Ml?EF679Lg DI9_POI‡5 fzy >¢WNO
W<ŽWNOuD f PZ:eKQhZLO?B9KVS5_WIMpWŸmsDIWN9LOG= )[2c0oÀo+À <*O74.* ,A2GF&7"lÀ #OD4=&Œ>À ) MaOD?:;CE$'&
O
2'4 (2*4`FGBÀ )uBÀ 4=0oÀGHˆ¥WNO&8l‹
?B9:VNPu679
aH xŽ4=H 7*Å š/‹ ³p=
Ä ³G¡qÆ 4WN?EFIH
},=$WN9Leœ>r?BABABDGFIH$5:=j;,=¹%³IµNµN¿ º =; 57W«MqWq‹ŒmWNOuDIe ¤ZKDGF!Q 4F&?BMNDI9 f ?Bg1ZLABWpP?E679i*9.Mz?EF&679:g DI9.PG= )G2*I
0 À&+À <'OD4.' ,_2GFN&7"lÀ #O74&ŒBÀ )MaOD?:;CE$'&
O
2'4 (2*4cFI>À )>À 4=0 À˜H$Ž6NF679:WNeK6KHŽ;,H]Å ¿š‹ Åp'µ z=
N Ä ³N³ Æ 4; f ;¹%³IµNµNµ º =KŽ8LWN9KVND>rWN9:WpVNDIg DI9.P3WN9:eS;9LWNAEQzO&?BOck6z67A =%f~ÀV,GÀ3$*)[0>"j$'4=<]À30>"\412*CP2&Â'Y L4a4a:a$*C
fÀ 5;2*)>&¦H14; f ;57678:9h\3=LwDI9L9KDIeKQ f LWN`˜D1Ž3DI9.PuDGFI=
Ä ³I šÆ 4?B`˜67A H –=EH57678:9:Ou679
H>¥=EHU467ABeLOuŠ.QNH>¥=sWN9:e 67O8:?Bg–ZKF&WlH3;,=~¹%³IµNµ7Å º = 4DGMNDIAE6NLg DI9.Pv6NT4P8KD y 4i f
XdWpF&WNABABDIA f ?Bg–Z:ABWpP?E679 \:F&WNg DG^36NFa]=zXF6l`˜DGDIe:?B9:V7Oc6NT$P8KD1³IµNµ7Ո¸?B9.PuDGF f ?Bg1ZLABWpP?E679bŽ3679KT”DGFDI9:`˜DNHz;PABWN9.PWlH
U¤;1H]'µ š‹RµNµz=
Ä c³ šÆ–}~6NŠL?B9:O679
H f =qWN9Le–Xs?Be:e
HN>=K¹%³IµNµ º =zXF6šMz?CeKDGFcWN9:e`GZ:OuPu67g DGFcD˜—l$DI`˜PWpP?E679:Od6NTLOZL`G`˜DIOOuT¦Z:AlO?Bg–Z:ABWpP?E679
:F&6qt%DI`˜POG= ;2*:;)V4=$*C 2GFn&7"lÀ 5KBÀ )G$'&
OW2*4=$'Cf~VÀ ,G3À $*)[0>"!M=2`0BO|BÀ &
YpaH _µKW¹ º H
p¡N¡q‹R p¡7µz=
Ä >³ pÆ f WNAB?BOuŠLZ:FQNHpŽ4=j\3=EH7\:WpF&FIH f = –=EH7WN9:e–>@6z6NFDNH.5K=j;1=K¹%³IµNµNµ º =Nˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?E679 4?COZ:WNAB? { WpP?B679,J4O?B9KV
5_WIMpQW *1= )[2c0oÀo+À <*O74.' ,2GFN&7"KÀ #O74&ŒBÀ )nMaO7? :;CE$'&
OW2*4 (2*4cFI>À )>À 4=0 À˜HX*8K6zDI9:? —$HK; YH[>³ _ N¶š‹&>³ _ Nµz=
Ä ³I¶šÆ f DI?BABWlHK;,=j\3=LWN9Le@>@?CABAEDGFIHK5K=j;1=¹%³IµNµNµ º = f `˜DI9:WpF&?E6b>rWN9:WpVNDIg DI9.P?B9Ÿˆ‰DGŠ:‹Œm3WNODIe f ?Bg–Z:ABWpP?B679
= )G2`0oÀ&3À <*I
O74.* ,N2GF_&7"lÀ #OD4=&Œ>À )MaO7?:%CE$'&
OW2*4 (2*4cFI>À )>À 410oÀ˜HX*8K6zDI9:? —$HK; dH[>³ \p¡q‹&>³ \7Å.=
Ä ³I¿šÆ–kYWIQlAE6NFIH f = 5:=ji=x¹ p¡N¡N¡ º =4U4F67Z:.^WpFD¥WN9:e¸P8KD f ?Cg1Z:ACWpP?E679¸Ž3679LOZ:AEPWN9.PG= )[2c0oÀo+À <*O74.* , 2GFS&7"lÀ #O74&ŒBÀ )nMaO7? :;CE$'&
OW2*4 (2*4cFI>À )>À 4=0 À˜H§¤F&ABWN9:eK6KHK\ H š‹ µz=
Ä ³«Å«Æ1ˆ?BABO679
H =EHŽ3QzŠDI9:aN6KHU–=EH [Ql9:`&8[hH –=EHŽZ:O8:gvWN9K‹Œ}67?BO?C9
Hcm=WN9Le fz{ QzgbWN9:Oual? H*m4=~¹ p¡N¡N¡ º =3Nw y ‡
D˜—zP%‹ U¤DI9KDGF&WpP?E679;~VNDI9.P%‹ŒmWNOuDIe 4?COuPuF&?EŠLZ:PuDIe f ?Bg–Z:ABWpP?E679
== "k&W& 5 .Q.m(m(m(I 4a?CEDÁ <Q$')V&
?A2*:X&7"zÁ¦+À <Q:. o=
Ä ³ Æ *ZL`˜DIOWN9
H]i~=EH$Ž8:DI9
H]Ž4=j¬1=LWN9:!e DGDNH y =n¹%³IµNµ º =$ˆ‰DGŠK‹ŒmWNOuDIe f ?Bg–Z:ABWpP?E679<i—z$DGF&?BgvDI9_POG= )G2`0oÀ&3À <*O74.* ,
2GF_&7"lÀ OD4&ŒBÀ )nMaO7?:%CE$'&
OW2*4 (2*4cFI>À )>À 410oÀ˜HLˆ¥WNO8:?B9KVNPu679 xŽ4H³I-¿ _µš‹&³I¿N-¶ K=
'