Guia Ceneval

  • Uploaded by: Luis Vargas
  • 0
  • 0
  • February 2021
  • PDF

This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA


Overview

Download & View Guia Ceneval as PDF for free.

More details

  • Words: 46,288
  • Pages: 436
Loading documents preview...
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`!./!&<0'(*#!.&!&6;Q.'%2(!9#!P6.!./!3#-%.0'.!,.&-)%;.!/(!P6.!&%.0'.I!.0! -#*;%!./!&%70(!.&!(;Q.'%2(!9#!P6.!./!*+,%-(!/(!).-(0(-.4!5/!*+'(,(!-/<0%-(!.&!*69! %*3()'#0'.!9#!P6.!.&'#;/.-.):!./!Q6%-%(!#-.)-#!,.!/#&!-(0,%-%(0.&!,.!&#/6,!.0!P6.!&.! .0-6.0')#!./!%0,%2%,6(4!"(&!*+'(,(&I!3)(-.,%*%.0'(!(!'+-0%-#&!P6.!&.!6'%/%J#0!&(0! ;:&%-#*.0'.!/#!3#/3#-%80I!3.)-6&%80!9!#6&-6/'#-%804! ! XHZV5@DLD5_]Z!Z!L\]Z@Z=!@5!"F!5a"ZHFVDZ_!V"^_DVF4! ! ?4!D0'.))(7#'()%(!(!#0#*0.&%&>!=.)%.!,.!3).760'#&!/87%-#&!9!(),.0#,#&!-(0!./!1%0!,.! %02.&'%7#)!$.-$(&I!-%)-60&'#0-%#&!9!,#'(&!).1.).0'.&!#/!3).&.0'.I!9!3#&#,(!,.!/#!&#/6,!(!,.!

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`! %0&3.--%80! /(-#/I! #'.0-%80! #! /#! J(0#! -(0! *(/.&'%#`! %0&3.--%80! ,%).-'#I! ).#/%J#,#! .0').! ./! (Q(! ! ).7%80! (;&.)2#,#`! %0&3.--%80! #)*#,#I! &.! 6'%/%J#0! #3#)#'(&`! %0&3.--%80! .&':'%-#I! &.! //.2#! #! -#;(! -6#0,(! ./! %0,%2%,6(! .&'#! .0! ).3(&(`!%0&3.--%80!,%0:*%-#I!-6#0,(!./!3#-%.0'.!).#/%J#!#/760#!#-'%2%,#,! ;A X#/3#-%804! =.! //.2#! #! -#;(! ,.&36+&! ,.! /#! %0&3.--%80! 9! P6.! -(0&%&'.! .0! .C3/()#)! 3()! *.,%(! ,./! '#-'(! /#&! 3#)'.&! .C'.)%().&! ,./! ()7#0%&*(! 9! /#&! -#2%,#,.&! #--.&%;/.&! 3#)#! #3).-%#)!/#&!-6#/%,#,.&!1<&%-#&!,.!/(&!'.Q%,(&I!#&! 3#/3#-%80!,%).-'#I!&.!.1.-'G#!-(0!/#!*#0(!,%).-'#*.0'.!&(;).!./!3#-%.0'.`!3#/3#-%80! %0,%).-'#I!-6#0,(!.&!60#!J(0#!3(-(!#--.&%;/.!#/!*+,%-(!9!).#/%J#!/#!#6&-6/'#-%80!-(0! #3#)#'(&`! 3#/3#-%80! &63.)1%-%#/I! &.! $#-.! &(;).! /#! 3.)%1.)%#! ,./! -6.)3(`! 3#/3#-%80! 3)(160,#I! #! /(&! ./.*.0'(&! 3)(160,(&! -(*(! /(&! 2%&-.)#/.&I! 8&.(&I! .'-`! 3#/3#-%80! ,.! -#2%,#,.&! (! '#-'(I! &.! %0')(,6-.! ./! ,.,(! <0,%-.! (! *.,%(! (! #*;(&! 3#)#! #3).-%#)! ./! .&'#,(!,.!60!8)7#0(! -A X.)-6&%804! =.! 3)#-'%-#! 7(/3.#0,(! /.2.*.0'.! 60#! ).7%80! ,.'.)*%0#,#! 3#)#! (;'.0.)! &(0%,(&I! %02.&'%7#)! ./! ,(/()! (! 3)(,6-%)! *(2%*%.0'(&4! "#! 3.)-6&%80! &.! ,%2%,.! .0>! %0,%).-'#! (! *.,%#'#I! %0'.)3(0.! -6#/P6%.)! ./.*.0'(! .0').! /#! &63.)1%-%.! 9! ./! ./.*.0'(! 3.)-6'()`!,%).-'#!(!%0*.,%#'#I!&%0!%0'.)3(0.)!./.*.0'(&!.0!/#!&63.)1%-%.!9!./!./.*.0'(! 3.)-6'()I!.&'.!36.,.!&.)!/#!*#0(!(!60!*#)'%//(!.&3.-%#/4! ,A F6&-6/'#-%80>!.&!./!*+'(,(!P6.!-(0&%&'.!.0!.&'6,%#)!/(&!)6%,(&!0()*#/.&!(!#0()*#/.&! P6.! &.! 3)(,6-.0! 3)%0-%3#/*.0'.! ,./! &%&'.*#! -%)-6/#'()%(! 9! ,./! ).&3%)#'()%(I! #6&-6/'#-%80! ,%).-'#! (! %0*.,%#'#I! &.! ).#/%J#! ,%).-'#*.0'.! -(0! ./! (<,(! 3.7#,(! #! /#! ).7%80!#!.C3/()#)`!#6&-6/'#-%80!%0,%).-'#!&.!).#/%J#!#!')#2+&!,./!.&'.'(&-(3%(4! ! =%70(&!2%'#/.&4! ! ! "(&!&%70(&!2%'#/.&!60%2.)&#/.&!&(0I!/#!'.0&%80!#)'.)%#/I!36/&(I!).&3%)#-%80!9! '.*3.)#'6)#4!"#&!-%1)#&!0()*#/.&!,.!/#!'.0&%80!#)'.)%#/!&(0I!.0').!??b!9!?Kb!**!,.! *.)-6)%(!EO7A!,.!*:C%*#!(!&%&'8/%-#!9!,.!cb!#!db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cb!#!dc!36/&#-%(0.&!3()!*%06'(4!5&!./!).&6/'#,(!,.!/#!.C3#0&%80!9!-(0')#--%80!,.!/#&! 3#).,.&!,.!/(&!2#&(&!#)'.)%#/.&!3)(,6-%,(!3()!./!3#&(!,./!1/6Q(!L<0.(!()%7%0#,(!3()!/#!

&<&'(/.!9!/#!,%:&'(/.4!=.!).7%&')#!&(;).!60#!#)'.)%#!&63.)1%-%#/!-(*(!/#!)#,%#/I!-#)8'%,#I! $6*.)#/I!1.*()#/!9!3.,<#4! ! 50!/#!1).-6.0-%#!).&3%)#'()%#!.&!.0').!?c!#!KK!3()!*%06'(4!5&!./!#-'(!,.!).&3%)#)!P6.! &.!-(*3(0.!,.!,(&!3#)'.&I!%0&3%)#-%80!1#&.!.0!P6.!.0')#!./!#%).!#!/(&!36/*(0.&! .C3#0,%+0,(&.!#&%!/(&!*G&-6/(&!).&3%)#,().&!9!./!,%#1)#7*#`!.&3%)#-%80I!.&!/#!&#/%,#!,./!#%).! ,.!/(&!36/*(0.&I!&.!,.&.-$#!./!VZK4!! "#!'.*3.)#'6)#!-()3()#/!/#&!-%1)#&!0()*#/.&!&(0!.0').!Mce!V!9!Mf4Me!V4!5&!./!).&6/'#,(,!./! .P6%/%;)%(!.0').!./!-#/()!%0'.)0(!9!./!#*;%.0'.!3)(,6-'(!,./!*.'#;(/%&*(!,.!/(&!#/%*.0'(&! 9!/#!#-'%2%,#,!1<&%-#I!./!-.0')(!'.)*()).76/#,()!&.!/(-#/%J#0!.0!./!$%3(':/#*(4! ! Z;Q.'%2(&4! ! !

=.!#3).0,.):!./!*+'(,(!-()).-'(!,.!//.2#)!#!-#;(!60#!.0').2%&'#!3#)#!//.0#)!/#!$%&'()%#! -/<0%-#4! =.!*#0.Q#):0!/(&!%0&')6*.0'(&!0.-.&#)%(&!3#)#!'(*#)!&%70(&!2%'#/.&4! =.!#,%.&')#):!.0!/#!.C3/()#-%80!;6-#/4! =.!-(0(-.):!./!*+'(,(!-/<0%-(!#&
L#'.)%#/4! ! g#608*.')(! ].)*8*.')(! 5&'.'(&-(3%(! ":*3#)#!3#)#!/(&!(Q(&4! H./(Q! ?CN! h6#0'.&! V6;).;(-#&! ! L+'(,(! ! ].0&%80!#)'.)%#/>! -

&.!-(/(-#!#/!3#-%.0'.!.0!60#!3(&%-%80!-8*(,#!! &.!/.!,.&-6;).!./!;)#J(! &.!/(-#/%J#!/#!#)'.)%#!#3)(C%*#,#*.0'.!,(&!-*4!,.;#Q(!,.!/#!#)'%-6/#-%80!! &.!-(/(-#!./!.&'.'(&-(3%(!.0!/#!#)'.)%#! &.!%01/#!./!;)#J#/.'.! &.!,.Q#!.&-#3#)!./!#%).!.&-6-$#0,(!/#&!36/&#-%(0.&!

! ].*3.)#'6)#4! !

&.!).2%&#!P6.!./!'.)*8*.')(!'.07#!/#!'.*3.)#'6)#!;#Q#! &.! /.! 3%,.! #/! 3#-%.0'.! P6.! #;)#! /#! ;(-#! &%! .&! '.*3.)#'6)#! ()#/! (! P6.! &.! ,.&-6;)#! ./! $(*;)(!&%!.&!#C%/#)! &.!-(/(-#!./!'.)*8*.')(! &.!.&3.)#0!').&!*%06'(&! &.!).'%)#!./!'.)*8*.')(!

B).-6.0-%#!).&3%)#'()%#>! !

&.!*#0'%.0.!#/!3#-%.0'.!.0!3(&%-%80!-8*(,#!9!)./#Q#! &.!/.!-(*%.0J#0!#!-#0'#)!/#&!).&3%)#-%(0.&!&%0!P6.!./!&.!,+!-6.0'#I!&.!/.!,%&')#.4!

X6/&(>! - &.!'(*#!/#!*6[.-#!,./!3#-%.0'.!E.0!.&'.!-#&(A! - &.!/(-#/%J#!./!36/&(! - &.!-6.0'#0!3()!*%06'(! 5C3/()#-%80!;6-#/>! !

&.!/.!3%,.!#/!3#-%.0'.!'(*#)!#&%.0'(!.0!/#!60%,#,! &.!-(/(-#!60(!&6!;#)).)#&!,.!3)('.--%80!E76#0'.&I!-6;).;(-#&I!/.0'.&A! &.!/.!%01%)*#!#/!3#-%.0'.!P6.!&.!/#!2#!#!$#-.)! &.!(;&.)2#!.0!./!3#-%.0'.!/#&!-#)#-'.)<&'%-#&!1<&%-#&! &.!#0('#0!(;&.)2#-%(0.&! &.!-(*%.0J#!/#!.C3/()#-%80!.0!/#!-#2%,#,!;6-#/! &.!/.!,#!60#!3#&'%//#!).2./#,()#! &.!-6.0'#!./!<0,%-.!&.!3/#-#!,.0'#/! &.!3#&#!./!.C3/()#,()!;6&-#0,(!-#)%.&! &.!-6.0'#0!/#&!3%.J#&!#6&.0'.&!9!(;'6)#,#&! &.!/.!%01()*(!#/!3#-%.0'.!./!).&6/'#,(!

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

! ! "#!$%&'()%#!-/<0%-#!.&!,.!7)#0!#96,#!3#)#!60!*+,%-(!9#!&.#!.0!./!#&3.-'(!7.0.)#/I! (,(0'(/87%-(!(!3&%-(/87%-(!9#!P6.!0(&!3).&.0'#!60!3.)1%/!*69!,.'#//#,(!,./!3#-%.0'.!3#)#! '.0.)!60#!()%.0'#-%80!#/!')#'#)!,.!(;'.0.)!60!,%#708&'%-(I!#&
( ( ( ( ( ( ( ( ( -,'$%."'(/0,0&'*( (

123-445665(2784956:/9;5(126(;4<=25( ! >0)?,@')"A,>!60%80!,.!/#!-+/6/#!&.C6#/!1.*.0%0#!9!*#&-6/%0#4!B()*#0,(!./!$6.2(!(!J%7('(! ,.!,('#-%80!-)(*(&8*%-#!K04! ! 30B.0,$')"A,>! 1.08*.0(! 3()! ./! -6#/! ./! $6.2(! &.! ,%2%,.! 3()! *%'(&%&! P6.! 7.0.)#! K! -+/6/#&! $%Q#&!P6.!#!&6!2.J!7.0.)#!N!-+/6/#&!$%Q#&4! ! "#! &.7*.0'#-%80! -(*%.0J#! #/! Kj! ,<#! ,.! /#! 1.-60,#-%80! 9! ,6)#! M! (! N! ,<#&4! =.! 1()*#! 60#! *#&#! .&1+)%-#! //#*#,#! .A&?*'I! -#,#! -+/6/#! ,.! /#! *8)6/#! &.! //#*#! C*'#$A.0&'#4! 50').! .//#&! /#&! P6.! 1()*#0! /#! &63.)1%-%.! ,.! /#! *8)6/#! &.! //#*#! .'#'( )0*?*'&( 0D$0&,'! 9! /#&! P6.! P6.,#0!.0!./!%0'.)%()!&.!//#*#0!.'#'()0*?*'&(",$0&,'"! ! O#-%#!./!Mj!9!Nj!,<#!-(*%.0J#!#!.0')#)!/!C*'#$%)0*04! !

"#&!-+/6/#&!,.!/#!*#&#!-./6/#)!%0'.)0#!P6.,#0!,.&3/#J#,#&!#!60!3(/(!,.!/#!-+/6/#4!"#&! -+/6/#&! P6.! 1()*#0! /#! &63.)1%-%.! .0! .&.! *(*.0'(! &.! //#*#0! $&%E%C*'#$%#4! "#&! -+/6/#&! ,./! ')(1(;/#&'(!,#0!/67#)!#!/#!F*')0,$'4! "#&! -+/6/#&! %0'.)%().&! ,.&3/#J#,#&! &.! //#*#0! 0.C&"%C*'#$%#"! "#&! -+/6/#&! ,./! .*;)%(;/#&'(!,#0!/67#)!#/!0.C&"A,4!! 5&'#&!-+/6/#&!&.!,%1.).0-%#0!.0!K!'%3(&!-./6/#).&>! x #$%&%'(!)*%+,-.*)'(>!-(0&'%'69.0!./!/012-/.32! x #$%&%'(!)45*)'(>!).-%;.0!./!0(*;).!,.!/,-2-/.324! ! 50! ./! /)12-/.32! &.! 1()*#! /#! -#2%,#,! #*0%8'%-#4! @./! .0,(,.)*(! &6)7.! 60#! -#3#! ,.! -+/6/#&!#3/#0#,#&!P6.!).-6;).!/#!-#3#!,.!-+/6/#&!')(1(;/:&'%-#&!9!-(0&'%'69.!./!#')%(G"$0*",%( F&"."$"G%(%()'G"@'@(0D%)0*AG")'4! V6#0,(!./!$6.2(!!'%.0.!.&'#!.&')6-'6)#!).-%;.!./!0(*;).!,.!C*H#$?*'4!5/!.*;)%80!.&':! .0!1#&.!,.!-*()2!5*%'3*,'.6!/35.*7,!5*%'3*,'.4! ! "#!;/:&'6/#!.&!-(*3/.'#!#3)(C%*#,#*.0'.!#/!fj!,<#!,.&36+&!,.!/#!1.-60,#-%804!](,(&! /(&! -#*;%(&! '%.0.0! /67#)! .0! /#! ')(*3#! ,.! B#/(3%(! 3()! P6.! /#! %*3/#0'#-%80! ,./! $6.2(! .0! ./! G'.)(!&.!3)(,6-.!./!dj!,<#!.0!1#&.!,.!;/:&'6/#4! ! =(;).!./!??j!(!?Kj!,<#!#3#).-.!60#!06.2#!-#3#!,.!-+/6/#&!&%'6#,#!.0').!./!')(1(;/#&'(!9! /#!-#2%,#,!#*0%8'%-#I!9!.0').!./!')(1(;/#&'(!9!./!&#-(!2%'./%0(!3)%*%'%2(4!F!.&'#!06.2#!-#3#!,.! -+/6/#&! &.! //#*#! .0#%@0&.%( 0D$&'( 0.C&"%,'&"%4! 50! .&'#! -#3#! '#*;%+0! .0')#! /%P6%,(! 1()*:0,(&.!.&3#-%(&!.0').!.//#&!P6.!#-#;#0!16&%(0:0,(&.!1()*#0,(!/#!)'G"@'@()'&"A,")'4! ! @./!.0,(,.)*(!&6)7.!60#!06.2#!-#3#!,.!-+/6/#&!P6.!#-#;#!1()*#0,(!./!&#-(!2%'./%0(! ,.1%0%'%2(4! ! ](,(&! .&'(&! -#*;%(&! (-6)).0! .0').! /(&! d! 9! ?k! ,<#&4! 50! /#! Ml! &.*#0#! &.! 3)(,6-.0! -#*;%(&!.0!./!.*;)%(;/#&'(!1()*:0,(&.!60#!06.2#!-#3#!.0!./!.*;)%80I!3#�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ƒ :/(2-/.32! <'.'0*'%>! &.! ,%2%,.! .0! 7)63(&! -6;(%,.&! ,.! -+/6/#&! *.&(,+)*%-#&! //#*#,#&! #%."$'#4!"(&!&(*%'#&!!&.!#7)63#0!.0!,(&!3#)'.&>!

m5&-/.)('(*(>!50!/#!3()-%80!2.0')(*.,%#/I!,#!/67#)!#!2+)'.;)#&!9!-(&'%//#&4! m@.)*%('(*(>! 50! &%'6#-%80! ,()&(/#'.)#/I! ,#! /67#)! #/! -(*3(0.0'.! #,%3(&(! 9! -(0Q60'%2(!,.!/#!3%./4! 50!.&'#!1#&.!./!$6.2(!&.!//#*#!7:&')6/#4! ! 50').!/#!Nl!9!/#!nl!&.*#0#!.&!60#!1#&.!,.!,%1.).0-%#-%80!,(0,.!&.!*(,%1%-#):!/#!1()*#! ,./!-6.)3(!9!&.!2#0!-(0&')69.0,(!/(&!8)7#0(&!9!'.Q%,(&!P6.!,.)%2#0!,.!/#&!-#3#&!7.)*%0#'%2#&4! ! >"9?)12-/.32>!=6)7.!./!=%&'.*#!0.)2%(&(!-.0')#/I!#0.Q(&!-6':0.(&I!&%&'.*#!0.)2%(&(!3.)%1+)%-(I! .3%'./%(! &.0&()%#/! ,.! (Q(&I! 0#)%JI! (<,(I! .&*#/'.! ,.0'#)%(I! 7/:0,6/#&! &6,()<3#)#&! $%381%&%&I! *#*#I!.3%,.)*%&!,.!/#!3%./! ! @"9?,-2-/.32>! =6)7.! ./! .3%'./%(! ).&3%)#'()%(I! .3%'./%(! ,./! '6;(! ,%7.&'%2(I! $<7#,(I! 3:0-).#&I! #*<7,#/#&I!'%)(%,.&I!'%*(I!3#)#'%)(%,.&I!.3%'./%(!,.!).2.&'%*%.0'(!,.!/#!-#2%,#,!'%*3:0%-#!9!,.! /#!')(*3#!,.!56&'#P6%(4! ! 50! .&'.! 3.)<(,(! ./! .*;)%80! &61).! 60#! -6)2#'6)#! .0! &.0'%,(! ,()&(2.0')#/! 9! -):0.(m -#6,#/! P6.,#0,(! -(02.)'%,(! ./! .0,(,.)*(! .0! 60#! .&')6-'6)#! '6;6/#)! ! .0! ./! '6;(! ,%7.&'%2(!! 3)%*%'%2(4! 50! /#! nl! &.*#0#! )23*/,A'! /%! ! 1#&.! ,.! -).-%*%.0'(! 9! *#,6)#-%80! ,.! /(&! 8)7#0(&!9!'.Q%,(&4! ! ! ! 123-445665(126(;4<=25( =0?&%)&H,0%I( @#!/67#)!#!/(&!$6.&(&!P6.!1()*#0!/#!-6;%.)'#!,./!.0-+1#/(>! ƒ V#/('#! ƒ g#&.!,./!-):0.(! J"#)0&%)&H,0%I( @#!/67#)!#!/(&!$6.&(&!,.!/#!-#)#4! ! "(&!,(&I!'#0'(!./!0.6)(-):0.(!-(*(!./!2%&-.)(-):0.(!,.)%2#0!,./!3/(2-/.32!<'.'0*'%4! "#&!-+/6/#&!,./!*.&(,.)*(!3#)#C%#/!1()*#0!&(*%'#&I!-(0!./!'%.*3(!/#&!-+/6/#&!,.!/(&!&(*%'#&! &.!$#-.0!3(/%*()1#&!9!1()*#0!60!'.Q%,(!3)%*%'%2(!-(0Q60'%2(!9!./!*.&+0P6%*#!.*;)%(0#)%(I! .&'#&!-+/6/#&!&.!,%1.).0-%#)#0!.0>! ƒ Z&'.(;/#&'(&! ƒ B%;)(;/#&'(&! ƒ V(0,(;/#&'(&! ! "#!(&%1%-#-%80!36.,.!(-6))%)!,.!,(&!1()*#&>! x 70)',"#.%#(@0(%#"E")')"A,(.0.C&',%#'>!5/!'.Q%,(!8&.(!&.!1()*#!#!3#)'%)! ,./! *.&+0P6%*#! ,%).-'#*.0'.4! D0%-%#/*.0'.! #3#).-.0! /(&! -.0')(&! ,.! (&%1%-#-%80! 3)%*%'%2#! ,.! /#! P6.! &6)7.0! .&3<-6/#&! 8&.#&! ! P6.! ')#0&1()*#0! ./! '.Q%,(!*.&.0P6%*#/!.0!'.Q%,(!8&.(!

! !

x

70)',"#.%#( @0( %#"E")')"A,( 0,@%)%,@&'*>! F! 3#)'%)! ,./! *.&+0P6%*#! &.! 1()*#0!.&')6-'6)#&!-#)'%/#7%0(&#&!P6.!&.!(&%1%-#0!1()*:0,(&.!/(&!$6.&(&4!

10#'&&%**%(@0*(=0?&%)&H,0%I( "(&! $6.&(&! 3/#0(&! P6.! 1()*#0! /#! ;82.,#I! -)#0.#/I! /#! 3()-%80! .&-#*(&#! ,./! 1)(0'#/I! ,./! (--%3%'#/I! ,./! '.*3()#/! 9! /(&! ,(&! 3#)%.'#/.&! &.! 1()*#0! 3()! *.-#0%&*(&! ,.! (&%1%-#-%80! *.*;)#0(! "(&! $6.&(&! ,.! /#! ;#&.! ,./! -):0.(I! EO6.&(&! -()'(&AI! &.! 1()*#0! 3()! *.-#0%&*(&! ,.! (&%1%-#-%80! .0,(-(0,)#/I! #&! ƒ 6+,0'(.0@"'I( o 5&-/.)('(*#&!!(--%3%'#/.&!! Constituyen la porción basilar del occipital y la lamina o V#)'!,.!/67#)!#/!-6.)3(!,./!.&1.0(%,.&! ! o ])#;+-6/#&!-)#0.#/.&>!,#!/67#)!#!3#)'.!,.!/#&!#/#&!*.0().&!,./!.&1.0(%,.&!9!#/! .'*(%,.&! ƒ 6'$0&'*.0,$0>! o V:3&6/#!'.*3()#/>!,#!/67#)!#/!3.[#&-(!9!3()-%80!*#&'(%,.#!,./!'.*3()#/! o F/#!'.*3()#/>!,#!/67#)!#/!#/#!*#9()!,./!.&1.0(%,.&! o F/#!();%'#)%#>!,#!/67#)!#/!#/#!*.0(&!,./!.&1.0(%,.&4! ! X()! /#! 16&%80! ,.! .&'#! 60%80! ,.! /#&! .&')6-'6)#&! P6.,#):0! 60(&! .&3#-%(&! .0').! .//#&! -(0&'%'69+0,(&.!/(&!#76Q.)(&!,.!/#!;#&.!,./!-):0.(4!

( 10#'&&%**%(@0*(G"#)0&%)&H,0%I( ! "(&!$6.&(&!,.!/#!-#)#!&.!1()*#0!#!3#)'%)!,./!-#)'! m!'P(Q()'&$+*'B%#(@"G"@"@%#(0,(Q(F%&)"%,0#>!

x

!

B2.)*7,! -2.('%! 2! <.2)/(2! 3'0*%'.I! 50! ./! 3)(-.&(! *#C%/#)! ,./! 3)%*.)! #)-(! &.! 3)(,6-.!60#!,.7.0.)#-%80!,./!-#)'! ƒ L#C%/#)! ƒ L#/#)! ƒ X#)'.!,./!'.*3()#/( x B2.)*7,! =/,1.'%C! )'.1+%'D2! -/! :/)E/%I( 50! ./! 3)(-.&(! *#C%/#)! ,./! 3)%*.)! #)-(! &.! 3)(,6-.!60#!,.7.0.)#-%80!,./!-#)'! ƒ L#C%/#)! ƒ L#/#)! ƒ X#)'.!,./!'.*3()#/! 5/! )'.1+%'D2! -/! :/)E/%! ,.7.0.)#! .C-.3'(! ! .0! /#! 3#)'.! ,()&#/4! @.7.0.)#! 3()!60!*.-#0%&*(!,.!(&%1%-#-%80!.0,(-(0,)#/!9!&.!1()*#0>! ƒ o60i.! ƒ L#)'%//(!E(<,(!*.,%(A! ( ( ( R2#$&?)$?&'#(.?#)?*'&0#I( x ](,(&!/(&!*G&-6/(&!*#&'(%,.(&>! ƒ L#&.'.)(! ƒ ].*3()#/! ƒ ].)%7(%,.(!%0'.)0(! ! x Y%.0').!#0'.)%()!,./!')%7:&')%-(! x L%/(%,.(! x LG&-6/(!,./!*#)'%//(! x X.)%.&'#1%/%0(!.C'.)0(! ! R9,0&G')"A,(@0*(MN('&)%(C&',O?"'*I( x _.)2%(!')%7+*%0(! ! ! QN(-&)%(8&',O?"'*I( RS"0,0(?,(0*0.0,$%()'&$"*'B",%#%(**'.'@%(-&)%(@0(40")T0$I!,./!P6.!&.!,.)%2#0>! x 5&')%;(! x F381%&%&!.&'%/(%,.&!,./!'.*3()#/! x "%7#*.0'(!.&'%/(%,.(! x F&'#!*.0()! x L%'#,!&63.)%()!,./!-6.)3(!,./!.&1.0(%,.&4! ! R2#$&?)$?&'#(.?#)?*'&0#I( x Y%.0').!3(&'.)%()!,./!3%7:&')%-(!

x x x

LG&-6/(!,./!.&')%;(! LG&-6/(!.&'%/(%,.(! LG&-6/(&!,.!/#!.C3).&%80!1#-%#/!

! R9,0&G')"A,I( x _.)2%(!,./!YDD!3#)!-)#0.#/! ! ! UN(-&)%(C&',O?"'*I( R2*0.0,$%#()'&$"*'B",%#%#( x X()-%80!%01.)%()!,./!-6.)3(!,./!O%(%,.&! x F&'#!*#9()!,./!-6.)3(!,./!$%(%,.&! ( R2#$&?)$?&'#(.?#)?*'&0#I( x LG&-6/(!.&'%/(1#)%07.(! x V(0&')%-'()!&63.)%()!,.!/#!1#)%07.! ! R9,0&G')"A,I( x _.)2%(!,./!Da!X#)!-)#0.#/!E7/(&(1#)<07.(A! VN(-&)%(C&',O?"'*I( m2,( *%#( )'&$+*'B%#( @0( *%#( W*$".%#( '&)%#( C&',O?"'*0#( #0( E%&.',( *%#( )'&$+*'B%#( @0( *'( *'&",B04! ! R2#$&?)$?&'#(.?#)?*'&0#I( x LG&-6/(!-)%-('%)(%,.(!,.!/#!/#)%07.! x LG&-6/(!-(0&')%-'()!*.,%(!.!%01.)%()!,.!/#!/#)%07.! x X.)%.&'#1%/%0(!%0'.)0(! ! R9,,0&G')"A,I( x _.)2%(!,./!a!3#)!-)#0.#/4! ! ! ( !2=191L4-3(84-=KL9-623( ! =(0!/(&!#)-(&!P6.!&.3#)#0!/(&!#)-(&!;)#0P6%#/.&4!O#9!-6#')(!3#).&!,.!$.0,%,6)#&>!! ! "#!3)%*.)#!.&!/#!*:&!%*3()'#0'.!9!,.&36+&!'.0.*(&!/#!&.760,#I!'.)-.)#!9!-6#)'#!P6.! &.!16&%(0#0!9!P6.,#0!.0-.))#,#&!3()!./!-).-%*%.0'(!.C#7.)#,(!,./!&.760,(!#)-(4!! ! "#!3)%*.)#!$.0,%,6)#!3)(160,%J#!9!#-#;#!16&%(0:0,(&.!-(0!./!./)/(2!1&52!1*3-4X=/2-3(

O#9!-%0-(!;(/&#&!9!&6)7.0!-(*(!.2#7%0#-%(0.&!,./!%0'.&'%0(!3)%*%'%2(!.0!&6!3()-%80! -.1:/%-#4!! ! "#! F&".0&'( C%*#'( -).-.! 9! &.! #/.Q#I! -(02%)'%+0,(&.! .0! 60#! .&')6-'6)#! -(0! 1()*#! ,.! .*;6,(!-69#!3#)'.!,%&'#/!.&!*:&!#0-$#!9!/#!3)(C%*#/!.&!*:&!.&').-$#4!F!.&'#!.&')6-'6)#!&.!/.! //#*#!&0)0#%($?C%($".FH,")%(P6.!&.!16&%(0#!-(0!/#!3()-%80!,%&'#/!,.!/#!3)%*.)#!$.0,%,6)#! 1#)<07.#!#96,#0,(!#!1()*#)!/#!.0.C&','($".FH,")'4!! ! "#! 3()-%80! ,%&'#/! 1()*#):0! /#! )'=*-'-! 1*3
123-45665( 12( 653( Y45;2353( >-;9-623( Z( 126( 32/72=S5( 9=S247-[96-44! ! ! F! /#&! -6#')(! &.*#0#&! 9! *.,%#! /#! 3()-%80! -.1:/%-#! ,./! .*;)%80! .&':! -.0')#,#! 3()! /#! ;(-#!3)%*%'%2#!(!0#$%.%@0%I!P6.!P6.,#!,./%*%'#,#!3()!-%0-(!3)('6;.)#0-%#&>!! x "#!3)(*%0.0-%#!1)(0'#/4!! x "(&!,(&!3)(-.&(&!*#C%/#).&!,./!'.)-.)#!#)-(4!! x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x 5/!/#;%(!&63.)%()!-(0!./!&6)-(!&6;0#&#/4!! x X()! ,.'):&I! 60! &.7*.0'(! *#C%/#)! &63.)%()! P6.! //.2#! #! /(&! -6#')(! ,%.0'.&! %0-%&%2(&4!! x X()!,.'):&!60#!.&')6-'6)#!P6.!&.)<#!./!3#/#,#)!3)%*%'%2(4!! ! ](,(!&.!-(*3/.'#!$#-%#!/#!&.C'#!&.*#0#4!! ( (

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

=.!.0-6.0')#!1()*#,#!3()!,(&!7)63(&!,.!$6.&(&>!/(&!-)#0.#/.&!9!/(&!1#-%#/.&4!!

"(&!$6.&(&!,./!-):0.(!&.!60.0!.0').!&!! x 3?$?&'(#'B"$'*>! .0').! /(&! $6.&(&! 3#)%.'#/.&4! =.! &%'G#! .0! /#! /<0.#! *.,%#! ,.! /#! -#/('#4!! x 3?$?&'()%&%,'*>!.0').!./!$6.&(!1)(0'#/!9!/(&!,(&!$6.&(&!3#)%.'#/.&4!! x 3?$?&'(*'.C%"@0'>!.0').!./!$6.&(!(--%3%'#/!9!/(&!,(&!$6.&(&!3#)%.'#/.&4!! x "#'.)#/*.0'.!&.!.0-6.0')#0!/#&!#?$?&'#(0#)'.%#'#>!60#!#!-#,#!/#,(!.0').!./! 3#)%.'#/!9!/(&!'.*3()#/.&4!! ! ! 50! ./! ).-%+0! 0#-%,(! /#! &6'6)#&! 0(! .&':0! 1()*#,#&! &%0(! P6.! $#9! 60(&! .&3#-%(&! ).-6;%.)'(&! 3()! '.Q%,(! -(0Q60'%2(! P6.! '.)*%0#0! (&%1%-#0,(&.! *.,%#0'.! 60! 3)(-.&(! ,.! (&%1%-#-%80!*.*;)#0(!5&'(&!.&3#-%(&!&.!,.0(*%0#0!1(0'#0./#&I!9!.0!./!0%[(!).-%+0!0#-%,(! &(0>!! x >%,$',0*'(.'P%&(%(C&0B.'>!.&!/#!J(0#!,.!-(01/6.0-%#!,.!/(&!,(&!3#)%.'#/.&! 9!./!$6.&(!1)(0'#/4!! x >%,$',0*'(.0,%&(%(*'.C@'>!.&!/#!-(01/6.0-%#!,.!/(&!,(&!$6.&(&!3#)%.'#/.&! 9!./!(--%3%'#/4!! x "#'.)#/*.0'.!'.0.*(&!,(&!#!-#,#!/#,(>!! x >%,$',0*'( 0#E0,%"@'*( %( ',$0&%*'$0&'*>! 1()*#,#! 3()! ./! 1)(0'#/I! 3#)%.'#/I! .&1.0(%,.&!9!'.*3()#/4!! x >%,$',0*'(.'#$%"@0'(%(F%#$0&%*'$0&'*>!)(,.#,#!3()!./!3#)%.'#/I!(--%3%'#/!9! 3()-%80!*#&'(%,.#!,./!$6.&(!'.*3()#/4!! ! ! 5/!'%.*3(!#3)(C%*#,(!,.!(&%1%-#-%80!.&!2#)%#;/.4!"#!G/'%*#!.&!/#!1(0'#0./#!*#9()!P6.! /(!$#-.!#3)(C%*#,#*.0'.!$#-%#!/(&!,(&!#[(&4!! ! !L235(>45=S-6(( 5&!60!$6.&(!%*3#)I!P6.!&.!&%'G#!.0!/#!3#)'.!#0'.)(/#'.)#/!,./!-):0.(4!=.!,%2%,.!.0!').&!3#)'.&>!! ( ;%,)T'(%(0#)'.'(@0(0*(E&%,$'*](( 5&!60#!/:*%0#!-6#,)%/:'.)#!P6.!&.!.C'%.0,.!,.!#,./#0'.!$#-%#!#'):&>!!

mX).&.0'#! 60! C%&@0( ',$0&"%&I! P6.! -()).&3(0,.! #! /(&! ).;(),.&! ();%'#)%(&! P6.! /#'.)#/*.0'.! #-#;#0!.0!/#&!#381%&%&!();%'#)%#&!.C'.)0#&!(!-%7(*:'%-#&4!! ! 50! /#! 3#)'.! *.,%#! ,./! ).;(),.! ();%'#)%(! $#9! 60! ()%1%-%(`! ./! 'B?\0&%( #?F&'%&C"$'&"%! 3()!,(0,.!3#&#!./!0.)2%(!&63)#();%'#)%(4!! ! m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mX).&.0'#!60!C%&@0(',$0&"%&!P6.!1()*#0!/#!0#)%$'@?&'(,'#'*(,(0,.!#)'%-6/#0!/(&!$6.&(&!,.! /#!0#)%J!9!/#!#381%&%&!#&-.0,.0'.!,./!*#C%/#)!&63.)%()4!! ! F!/(&!/#,(&I!/#!3()-%80!0#&#/I!.&!,.-%)!&6&!-#)#&!/#'.)#/.&I!1()*#0!/#!3#).,!%0'.)0#!,.!/#! 8);%'#4!! ! m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m50!.//#&!$#9!60!C%&@0(',$0&"%&!-()).&3(0,.!#/!;(),.!();%'#)%(4!! ! mp0!C%&@0(F%#$0&"%&!#!')#2+&!,./!-6#/!&.!#)'%-6/#!-(0!/#&!#!/#&!*.0().&!,./!.&1.0(%,.&4!! ! mp0!C%&@0(",$0&,%!P6.!-()).&3(0,.!#!/(&!/<*%'.&!,.!/#!.&-('#,6)#!.'*(%,#/4!! ! mp0#! )'&'( #?F0&"%&! P6.! .&! 60#! -#)#! -.).;)#/! ,(0,.! &.! #3(9#0! /(&! /8;6/(&! 1)(0'#/.&! -.).;)#/.&4!! ! mp0#!)'&'(",E0&"%&!P6.!2#!#!-(0')%;6%)!#!1()*#)!./!'.-$(!,.!/#!8);%'#4!50!.&'#!-#)#!%01.)%()I!.0! &6! 3#)'.! #0'.)%()I! $#9! ,(&! 1(&#&`! 60#! &%'6#,#! .0! ./! F,D&%2! /01/.,2! P6.! &.! ,.0(*%0#! E%#'( *')&".'*(,(0,.!&.!#3(9#!/#!D%F,-&%'!%').*3'%I!9!(')#!.0!./!F,D&%2!*,1/.,2!P6.!&.!,.0(*%0#!/#!E%#'( $&%)*0'&(,(0,.!&.!%0&.)'#!./!34()&%2!25%*)&2!3'I2.!-/%!2J24!!

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mX()! &6! C%&@0( ',$0&"%&( P( *'$0&'*! &.! #)'%-6/#! -(0! /#! 3()-%80! 0#&#/! 9! /#&! ,(&! 3()-%(0.&! ();%'#)%#&!,./!1)(0'#/!).&3.-'%2#*.0'.4!! ! mX()!&6!C%&@0(F%#$0&"%&!&.!#)'%-6/#!-(0!/#&!&#/#&!*.0().&!,./!.&1.0(%,.&4!! ! m@.! &6! )'&'( #?F0&"%&! &6)7.! .0! /#! /<0.#! *.,%#! /#! 'FAE"#"#( ;&"#$'( /'**"( P6.! &.! #)'%-6/#! 3()! ,./#0'.!#!/#!-).&'#!1)(0'#/I!9!.0').!#*;#&!,./%*%'#0!./!'B?\0&%()"0B%4!! ! m"#!)'&'(",E0&"%&!,.!/#!/:*%0#!-)%;(&#!-(0')%;69.!#!1()*#)!./!'.-$(!,.!/#&!1(&#&!0#&#/.&4!50!/#! /<0.#!*.,%#!,.!/#!-#)#!%01.)%()!&6)7.!/#!*H.",'(G0&$")'*(@0*(0$.%"@0#4!! ! 6H.",'(G0&$")'*!! 5&!-6#,)%/:'.)#!9!&6)7.!,.!/#!3#)'.!%01.)%()!,.!/#!/:*%0#!-)%;(&#!1()*#0,(!3#)'.!,./!'#;%P6.!,.! /#&!1(&#&!0#&#/.&4!! m5/!C%&@0(F%#$0&"%&!,.!/#!/:*%0#!-6#,)%/:'.)#!&.!#)'%-6/#!-(0!./!-6.)3(!,./!.&1.0(%,.&4!! ! m5/!C%&@0(",E0&"%&!&.!#)'%-6/#!-(0!./!;(),.!,./!28*.)4!! ! m5/!C%&@0(',$0&"%&!&.!#)'%-6/#!-(0!./!-#)'! &.! #)'%-6/#! -(0! /#! 3()-%80! 0#&#/! ,./! 1)(0'#/! 9! /#! #381%&%&! #&-.0,.0'.! ,./! *#C%/#)!&63.)%()4!! ( R;'&'(#?F0&"%&>!&.!#)'%-6/#!-(0!/#&!3()-%(0.&!();%'#)%#&!,./!1)(0'#/!-(0')%;69.0,(!#!1()*#)! /(&!-(0,6-'(&!();%'#)%(&!%0'.)0(&!#0'.)%()!9!3(&'.)%()4!! ( R;'&'(F%#$0&"%&>!&.!#)'%-6/#!-(0!./!-6.)3(!,./!.&1.0(%,.&!9!/#!#381%&%&!();%'#)%(&!,./!3#/#'%0(4!! (

R;'&'( *'$0&'*( %( 0D$0&,'>! #P6! ,(0,.! &6)7.0! ,(&! .*%0.0-%#&! (! #3+0,%-.&! P6.! &(0! /(&! )%&,0$0#( ,'#'*0#( #?F0&"%&( P( .0@"%4! 50! .&'#! -#)#I! .0').! #*;(&! -()0.'.&! .&':! ./! ()%1%-%(! P6.! &.! ,.0(*%0#!.0'$%(,'#'*(#?F0&"%&4!! ! m50!/#! )'&'(",E0&"%&(&6)7.!/#!'FAE"#"#(?,B"E%&.0(P6.!&.!#)'%-6/#!-(0!/#!#381%&%&!.'*(%,#/!,./! -()0.'.!0#&#/!%01.)%()4! ! (

Y-492S-6(

5&!60!$6.&(!3#)I!-6#,)%/:'.)(I!P6.!&.!&%'G#!#!#*;(&!/#,(&!,.!/#!/<0.#!*.,%#!9!#!#*;(&!/#,(&! ,./!-):0.(4!! m@%&'%076%*(&! 60! C%&@0(',$0&"%&( P6.! &.! #)'%-6/#! -(0! ./! 1)(0'#/! 9! #96,#! #! 1()*#)! /#! &6'6)#! -()(0#)%#4!! mp0!C%&@0(F%#$0&"%&(P6.!#)'%-6/#!-(0!./!(--%3%'#/!1()*#0,(!/#!&6'6)#!/#*;,(%,.#4!! mp0!C%&@0(#?F0&"%&(P6.!&.!#)'%-6/#!-(0!./!3#)%.'#/!1()*#0,(!/#!&6'6)#!%'#/4!! mp0!C%&@0(",E0&"%&(P6.!&.!#)'%-6/#!-(0!/#!3()-%80!.&-#*(&#!9!*#&'(%,.#!,./!'.*3()#/4!! ! X).&.0'#!60#!-#)#!.C'.)0#!9!60#!-#)#!%0'.)0#4!! m50! /#! )'&'( 0D$0&,'! .0-(0')#*(&! /#! 0.",0,)"'( F'&"0$'*( 9! 3()! ,.;#Q(! ,(&! /<0.#&! 3#)#/./#&!-6)2#&!.0!&.0'%,(!#0'.)(!3(&'.)%()`!/#!*+,0'($0.F%&'*(#?F0&"%&(P(*'(*+,0'($0.F%&'*( ",E0&"%&4!50!/#!3)%*.)#!&.!%0&.)'#!/#! '<2,/&.2(*(! 1/3<2.'%!9! .0! /#! &.760,#! &.! %0&.)'#! ./!34()&%2! 1/3<2.'%4!! ! ! m50!/#!)'&'(",$0&,'!.&!-.).;)#/!9#!P6.!.&':!.0!)./#-%80!-(0!/(&!$.*%&1.)%(&!-.).;)#/.&4! V.)-#!,.!&6!;(),.!&63.)%()!&.!.0-6.0')#!./!#?&)%(#'B"$'*(P6.!&.!.C'%.0,.!.0!&.0'%,(!#0'.)(! &63.)%()!3()!,(0,.!3#&#!./!&.0(!/(07%'6,%0#/!&63.)%()4!! ! V.)-#0(! #! &6! ;(),.! %01.)%()! 9! 3(&'.)%()! $#9! 60! -#0#/! ')#0&2.)&(! 3#)#! ./! 3#&(! ,.! ./! &.0(!/#'.)#/4!! 50!7.0.)#/!'(,#!/#!-#)#!3).&.0'#!&6)-(&!,(0,.!&.!#3(9#0!2#&(&4! ! (

5;;9Y9S-6((

5&!60!$6.&(!%*3#)!P6.!&.!&%'G#!.0!/#!3#)'.!3(&'.)%()!,./!-):0.(4!@%&'%076%*(&!,(&!-#)#&4!p0#! .C'.)0#!9!(')(!%0'.)0#4!! ! m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`! ./! 'B?\0&%( )%,@+*0%( ',$0&"%&(%()%,@?)$%(@0*(T"F%B*%#%(3()!,(0,.!3#&#!./!,/.=*2!H*<2D%2(2!2!KLL!3#)4!5/!'B?\0&%( )%,@+*0%(F%#$0&"%&(.&!%0-(0&'#0'.I!.&!,.-%)!36.,.!(!0(!#3#).-.)4!! !

! X()!,.'):&!,.!/#!#76Q.)(!*#70(!'.0.*(&!/#!-(0-$#!(!.&-#*#!./!(--%3%'#/!.0!/#!-6#/>!! ! O#-%#!/#!/<0.#!*.,%#!'.0.*(&!/#!3)('6;.)#0-%#!(--%3%'#/!.C'.)0#!P6.!&.!-(0'%0G#!$#-%#! #))%;#!-(0!/#!-).&'#!(--%3%'#/!.C'.)0#4!! ! X.)3.0,%-6/#)! $#9! ,(&! /<0.#&! -6)2#&! 3#)#/./#&! P6.! &(0! /#&! /<0.#&! -6)2#&! (--%3%'#/.&! &63.)%()!,.!%01.)%()I!,.!//#*#,#&!*+,0'#(,?)'*0#(#?F0&"%&(%(",E0&"%&4!! ! m50!/#! )'&'(",$0&,'!*:&!#,./#0'.!,.!./!()%1%-%(I!.0!/#!3()-%80!;#&%/#)I!.&':!./! #?&)%(C'#"*'&( 3#)#!./!3#&(!,.!/#!'.1/.*'!5'(*%'.4!! ! 50!/#!-#)#!%0'.)0#!,.!/#!-(0-$#!$#-%#!/#!/<0.#!*.,%#!&.!.0-6.0')#!/#! F&%$?C0&',)"'( %))"F"$'*(",$0&,'4!@.&,.!#P6!! x K!1(&#&!%01.)%().&!P6.!&(0!/#&!)0&0C0*%#'#4!! x K!1(&#&!&63.)%().&!P6.!&(0!/#&!1(&#&!)0&0C&'*0#4!! ! FP6
R8%&@0#(@0*(T?0#%I(( x

8%&@0(',$0&"%&>!.0!./!P6.!&.!-(0'%0G#!-(0!./!.&1.0(%,.&!&%0!P6.!$#9#!&6'6)#! .0').!.//(&4!! x 8%&@0( #?F0&"%&>! &.! #)'%-6/#! -(0! /(&! ,(&! 3#)%.'#/.&! 1()*#0,(! /#! &6'6)#! /#*;(%,.#4!! x 8%&@0( ",E0&"%&>! &.! #)'%-6/#! -(0! ./! '.*3()#/4! "#! 3#)'.! *:&! 3(&'.)%()! -(0! /#! 3()-%80!*#&'(%,.#!9!/#!*:&!#0'.)%()!-(0!./!3.[#&-(!(!3()-%80!3.')(! ! ( 23>2=59123(( ! 5&!60!$6.&(!%*3#)I!*.,%(4!=.!&%'G#!#!*(,(!,.!-6[#!.0').!./!1)(0'#/!9!./!.'*(%,.&!3()! ,./#0'.!9!./!(--%3%'#/!9!'.*3()#/!3()!,.'):&4!=.!,%2%,.!.0>!! ( ;?0&F%!'%.0.!60#!1()*#!-G;%-#!9!&.!,%&'%076.0!&.%&!-#)#&>!! mL,'(#?F0&"%&( P6.!3).&.0'#!3()!,./#0'.`!,.!/#!3#)'.!*:&!#0'.)%()!&6)7.0!/#&!#/#&!*.0().&4! X()!,.'):&!$#9!60!-#0#/!')#0&2.)&#/!P6.!&.!,.0(*%0#!)','*(AF$")%4!5&'.!&.!-(0'%06#!-(0!,(&! ()%1%-%(&!.C-#2#,(&!.0!/#!;#&.!,.!/#&!#/#&!*.0().&!P6.!&(0!/(&!'B?\0&%#(AF$")%#4!X()!,.'):&! '.0.*(&! ./! $?C^&)?*%( T"F%E"#"'&"%( 9! /#&! 'FAE"#"#( )*",%"@0#( .0@"'#4! X()! ,.'):&! 60#! .C-#2#-%80!P6.!&.!,.0(*%0#!#"**'($?&)'(,(0,.!&.!#3(9#!/#!7/:0,6/#!$%381%&%&4!X()!,.'):&!/#! *H.",'()?'@&"*H$0&'(9!/#&!'FAE"#"#()*",%"@0#(F%#$0&"%&0#4!! ! m2,(*'()'&'(',$0&"%&I!$#-%#!/#!/<0.#!*.,%#!&.!.0-6.0')#!.0!/#!)&0#$'(0#E0,%"@'*(',$0&"%&(#! ')#2+&! ,.! /#! -6#/! &.! #)'%-6/#! -(0! /#! /:*%0#! 3.)3.0,%-6/#)! ,./! .'*(%,.&4! 5/! ).&'(! ,.! /#! -#)#! #0'.)%()!&%)2.!3#)#!#)'%-6/#)&.!-(0!/#&!*#&#&!/#'.)#/.&!,./!.'*(%,.&4!! !

m6'()'&'(F%#$0&"%&(&.!-(0'%0G#!,%).-'#*.0'.!-(0!/#!3()-%80!;#&%/#)!,.!/#!(--%3%'#/4!! ! m2,(*'#()'&'#(*'$0&'*0#I!,.!.//#&!&6)7.0!/#&!#/#&!*#9().&4!! ! m2,(*'()'&'(",E0&"%&I!$#-%#!/#!/<0.#!*.,%#!3).&.0'#!/#!)&0#$'(0#E0,%"@'*(",E0&"%&(P6.!'.)*%0#! .0!60!7#0-$(!P6.!&.!,.0(*%0#!F")%(%(&%#$&?.4!5&'#!-).&'#!&.!#)'%-6/#!-(0!./!Y8*.)!9!-(0!/#! #381%&%&!.&1.0(%,#/!,./!3#/#'%0(4!! ! -*'#(.0,%&0#>!'%.0.0!1()*#!')%#076/#)!9!&6)7.0!,.!/#!3#)'.!*:&!#0'.)%()!9!/#'.)#/!,./!-6.)3(4!! m@%&'%076%*(&!60#!)'&'(#?F0&"%&(P6.!.&!.0,(-)#0.#/!P6.!-(0')%;69.!#!1()*#)!/#!1(&#!-)#0.#/! #0'.)%()4!! ! m=6!)'&'(",E0&"%&(#!1()*#)!/#!3#)'.!*:&!3(&'.)%()!,./!'.-$(!,.!/#!8);%'#4!! ! m=6!C%&@0(',$0&"%&(&.!#)'%-6/#!-(0!/#&!3()-%(0.&!();%'#)%#&!,./!1)(0'#/!9!-(0!/#!/:*%0#!-)%;(&#! ,./!.'*(%,.&4!! ! m=6!C%&@0(F%#$0&"%&(.&!/%;).!9!'.)*%0#!.0!/#&!#381%&%&!-/%0(%,.&!#0'.)%().&4!! ! m6'( C'#0( .&':! 60%,#! #/! -6.)3(! ,./! .&1.0(%,.&! 9! 3).&.0'#! 60! #76Q.)(! P6.! .&! ./! )%,@?)$%( AF$")%4!! ! m2*( G^&$")0( 1()*#! -(0! /#&! &#/#&! *#9().&! 60! ()%1%-%(! ')%#076/#)! P6.! .&! /#! T0,@"@?&'( 0#E0,%"@'*(%()"#?&'(%&C"$'&"'(#?F0&"%&4!! ! -*'#( .'P%&0#>! &6)7.0! ,.! /#! 3#).,! /#'.)#/! ,./! -6.)3(! ,./! .&1.0(%,.&4! 50! .//#&! ,%&'%076%*(&! ').&!-#)#&!9!M!;(),.&>!! ! m;'&'(F%#$0&"%&(%(0,@%)&',0'*>!-(0')%;69.!#!1()*#)!/#&!1(&#&!-)#0.#/!9!*.,%#4!! ! m;'&'(',$0&"%&>!P6.!-(0')%;69.!#!1()*#)!/#!3#).,!.C'.)0#!,.!/#!8);%'#4!! ! m;'&'(0D$0&,'>!P6.!&.!,%2%,.!3()!60#!-).&'#!')#0&2.)&#/!P6.!.&!/#!P6.!.&!/#!)&0#$'(0#E0,%R $0.F%&'*I!9!P6.!1()*#!3#)'.!,.!/#!1(&#!'.*3()#/!9!/#!1(&#!-%7(*:'%-#4!! ! m8%&@0(',$0&"%&>!&.!#)'%-6/#!-(0!./!$6.&(!*#/#)4!! ! m8%&@0(0D$0&,%>!&.!#)'%-6/#!-(0!/#!3()-%80!.&-#*(&#!,./!'.*3()#/4!! ! m8%&@0( ",$0&,%>! #! ')#2+&! ,./! -6#/! &.! 60.! -(0! ./! -6.)3(! ,./! .&1.0(%,.&! 9! ,80,.! 2#*(&! #! .0-(0')#)!-6#')(!()%1%-%(&!P6.!,.!,./#0'.!#'):&!&(0>!! x !0,@"@?&'(0#E0,%"@'*(%()"#?&'(%&C"$'&"'(#?F0&"%&(P6.!.&!3()!,(0,.!3#&#! ./!LLLM!!!LN!I!N!<'./(!).',/'%/("!?%!,/.=*2!2;1F%3*)2!I!%'!=/,'!2;1F%3*)'4!! x -B?\0&%( &0@%,@%( .'P%&( %( 'B?\0&%( &0@%,@%>! 3()! ./! 3#&#! ./!,/.=*2! 3'0*%'.! (&!3#&#!./!,/.=*2!3'0*%'.!*,;/.*2.4!! x -B?\0&%(&0@%,@%(.0,%&(%('B?\0&%(0#F",%#%>!3#&#!/#!'.1/.*'!3/,*,D/'!3/-*'4!!

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m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m!%01.)%()!,./!-):0.(!.0').!./!(--%3%'#/I!3#)%.'#/!9! .&1.0(%,.&4!=.!,%&'%076.0!').&!3#)'.&>!! ! Y%&)"A,(0#)'.%#'>!.&!60#!.&')6-'6)#!#3/#0#,#!,(0,.!,%&'%076%*(&!,(&!-#)#&`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

R6'()"&)?,E0&0,)"'_(.&!60!;(),.!#)'%-6/#)!3()!,(0,.!&.!60.!#/!#/#!*#9()!,./!.&1.0(%,.&4!X()!

#))%;#!9!3()!,.'):&!&.!60.!-(0!./!3#)%.'#/!9!3()!,.'):&!9!3()!,.;#Q(!&.!-(0'%06#!-(0!/#!3()-%80! *#&'(%,.#!9!3.')(&#!,./!'.*3()#/4!! ! Y%&)"A,(.'#$%"@0'>!.&!60#!3()-%80!#3/#0#,#!9!-6#,)%/:'.)#!-(0!60#!-#)#!.C'.)%()I!60#!-#)#! %0'.)0#!9!60#!-%)-601.).0-%#`!! ! R;'&'(0D$0&,'>! .0! .//#! .0-(0')#*(&! )67(&%,#,.&! 3#)#!%0&.)-%(0.&! *6&-6/#).&4! 50! .&'#! -#)#! .C'.)0#!#-#;#!3()!,./#0'.!.0!60#!#381%&%&!P6.!&.!,.0(*%0#!'FAE"#"#(.'#$%"@0#4!50!./!;(),.! %01.)%()!,.!.&'#!#381%&%&!.0-(0')#*(&!/#!&',?&'(@"BH#$&")'(,(0,.!&.!%0&.)'#!./!=*/,1./!<2(1/.*2.! -/%!34()&%2!-*DF(1.*)24!! ! R6'()'&'(",$0&,'(.&!'#*;%+0!60#!-#)#!-.).;)#/!9!1()*#!3#)'.!,.!/#!1(&#!-)#0.#/!3(&'.)%()4!! ! R6'()"&)?,E0&0,)"'I!.0!&6!3#)'.!3(&'.)(m&63.)%()!&.!#)'%-6/#!-(0!./!3#)%.'#/!9!-(0!./!(--%3%'#/4! o!.0!&6!3#)'.!#0'.)(m%01.)%()!&.!-(0'%0G#!-(0!/#!3()-%80!.&-#*(&#!9!3.')(!! ! "#!3()-%80!*#&'(%,.#!&.!.0-6.0')#!#')#2.&#,#!3()!./!%&"E")"%(.'#$%"@0%4!! ! Y%&)"A,( F0$&%#'( %( F0`'#)%( @0*( $0.F%&'*>! .&! 60#! 3#)'.! -(0! 1()*#! ,.! 3%):*%,.! -6#,)#076/#)4!50!.//#!.0-(0')#*(&!60#!;#&.I!60!2+)'%-.!9!-6#')(!;(),.&>!! ! R6'(C'#0I!-()).&3(0,.!#/!()%1%-%(!,.!.0')#,#!,./!)2,-&)12!'&-*1*=2!/01/.,24!! ! R2*(G^&$")0(P6.,#!.0-#Q#,(!.0!./!:076/(!.0').!./!-6.)3(!9!./!#/#!*#9()!,./!.&1.0(%,.&4!50').! .&'#!.&')6-'6)#!&.!,./%*%'#!./!'B?\0&%(&'#B'@%(',$0&"%&4!50!./!2+)'%-.!'#*;%+0!.&':!./!%&"E")"%( ",$0&,%(@0*()%,@?)$%()'&%$"@0%4!! ! R;'&'#>!! x ;'&'(',$0&%#?F0&"%&`!+&'#!*%)#!#/!%0'.)%()!,./!-):0.(!9!.0!.//#!.0-(0')#*(&! ,.!,.0')(!#16.)#`!/#!E%#"$'(@0*(B',B*"%(@0*($&"B^.",%I!./!T"'$%(@0(>'*%F"%( 3()!,(0,.!3#&#!./!,/.=*2!!!

! !

!

x

8%&@0(#?F0&"%&(%()&0#$'(F"&'."@'*I!,(0,.!.0-(0')#*(&!./!)','*(F0$&%#%( #?F0&"%&I!3()!,(0,.!3#&#!./!(/,2!
x

8%&@0(",E0&"%&(%()&0#$'(F^$&0'(,80,.!.&':!/#!'FAE"#"#(G'B",'*4!!

x

8%&@0(F%#$0&"%&I!P6.!&.!#)'%-6/#!-(0!./!(--%3%'#/4!50!.&'#!#)'%-6/#-%80!.&':!./! 'B?\0&%( P?B?*'&( %( 'B?\0&%( &'#B'@%( F%#$0&"%&( 3()! ,(0,.! 3#&#! ./! LKM! K! I! KL!<'.!).',/'%!I!%'!=/,'!I&D&%'.!*,1/.,'4!!

x

8%&@0( ',$0&"%&I! P6.! &.! 2#! #! 60%)! -(0! /#&! #/#&! *#9().&! ,./! .&1.0(%,.&! 9! -(0')%;69.!#!1()*#)!./!'B?\0&%(&'#B'@%(',$0&"%&4!!

! ( ( ;5=>9/L4-;9:=(9=S24954(Z(2[S24954(126(;4<=254! ?4m5a]5HDZH!! 5/!-):0.(!/(!,%2%,%*(&!.0!,(&!3#)'.&>!/#!,%2%&%80!.0').!/#!;82.,#!9!/#!;#&.!,.!&6!60! 3/#0(!')#0&2.)&#/!%*#7%0#)%(!P6.!&.!&%'G#!#!')#2+&!,.!/#!3)('6;.)#0-%#!1)(0'#/!9!(--%3%'#/4!! ( 8AG0@'(%()'*%$'a(&.!.0-6.0')#!-(0&'%'6%,#!3()!,./#0'.!3()!./!$6.&(!1)(0'#/I!3#)'.!*.,%#!3()! /(&!3#)%.'#/.&!9!/#!3#)'.!3(&'.)%()!3()!/#!-(0-$#!,./!(--%3%'#/4!50!/#!3#)'.!%0'.)0#!,.!/#!;82.,#! &.!.0-6.0')#!.0!/#!/<0.#!*.,%#!/#!-).&'#!1)(0'#/!P6.!&.!60.!-(0!./!&6)-(!%'#/4!@.&36+&!.0!/#! -#)#!%0'.)0#!'.0.*(&!/(&!,.'#//.&!3)(3%(&!,.!-#,#!$6.&(4!! ! 8'#0( @0*( )&H,0%`! .0! &6! -#)#! 0,@%)&',0'*! &.! ,%2%,.0! .0! /#! 1(&#! -)#0.#/! #0'.)%()I! *.,%#! 9! 3(&'.)%()`!!

R6+."$0#(0,$&0(*'#(E%#'#I(( x

O2('!',1/.*2.`!&6!/<*%'.!#0'.)%()!.&!./!3/#0(!,.!&.3#)#-%80!-(0!/#!;82.,#!9!./! 3(&'.)%()!.&!./!;(),.!3(&'.)%()!,.!/#&!#/#&!*.0().&!,./!.&1.0(%,.&4!! x O2('!3/-*'`!&6!60!/<*%'.!#0'.)%()!.&!./!;(),.!3(&'.)%()!,.!/#&!#/#&!*.,%#&!,./! .&1.0(%,.&!9!./!3(&'.)%()!.&!./!;(),.!&63.)%()!,./!3.[#&-(!,./!'.*3()#/4!! x O2('! <2(1/.*2.`! 3()! ,./#0'.! &6! /<*%'.! .&! ./! ;(),.! &63.)%()! ,./! 3.[#&-(! ,./! '.*3()#/!9!3()!,.'):&I!3()!./!3/#0(!,.!&.3#)#-%80!-(0!/#!;82.,#4! 2#$&?)$?&'#>!! R>%#'()&',0'*(',$0&"%&>!$#-%#!/#!/<0.#!*.,%#!&.!.0-6.0')#!/#!-).&'#!1)(0'#/!P6.!&.!#)'%-6/#!-(0! /#! #381%&%&! -)%&'#! h#//%! ,.Q#0,(! .0').! #*;#&! .&')6-'6)#&! ./! #76Q.)(! -%.7(4! ]#*;%+0! &.! 2.! /#! /:*%0#!-)%;(&#!,./!.'*(%,.&!9!/(&!()%1%-%(&!,.!&#/%,#!,.!/(&!-#0#/.&!();%'#)%(&!%0'.)0(!#0'.)%()! 9!3(&'.)%()!(!-(0,6-'(&!.'*(%,#/.&4!! ! R>%#'()&',0'*(.0@"'>!.0!/#!/<0.#!*.,%#!&.!.0-6.0')#!/#!&%//#!'6)-#!-(0!/#&!#381%&%&!-/%0(%,.&! *.,%#&!3()!,./#0'.!9!/#&!3(&'.)%().&!3()!,.'):&4!! "#'.)#/*.0'.!#!/#!&%//#I!./!&6)-(!,./!&.0(!-#2.)0(&(4!! L:&!/#'.)#/*.0'.I!/#&!1(&#&!.&1.0(m'.*3()#/.&!P6.!-()).&3(0,<#!#!/#!-#)#!.0,(-)#0.#/!,.!/#&! #/#&!*.0().&!.&1.0(%,.&I!#!/#!-#)#!.0,(-)#0.#/!,.!/#!.&-#*#!,./!'.*3()#/!9!#!/#!-#)#!#0'.)(! &63.)%()!,./!3.[#&-(4!! !

50! /#&! 1(&#&! .&1.0(m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m&63.)%()! ,./! 3.[#&-(I! ./! ()%1%-%(! ,./! -(0,6-'(! #6,%'%2(!%0'.)0(I!/#!1(&#!&6;#)-6#'#!9!./!()%1%-%(!,./!#-6.,6-'(!,./!2.&'<;6/(4!F!/(&!/#,(&!,./! #76Q.)(!*#70(!&.!.0-6.0')#!./!-(0,6-'(!,./!$%3(7/(&(!(!#76Q.)(!-(0,!/#!2#*(&!#!,%2%,%)!.0`!;82.,#I!).7%80!'.*3()#/!9!;#&.4!! ! 8AG0@'>! &6&! /<*%'.&! &(0! 3()! ,./#0'.! /#! 3)('6;.)#0-%#! 1)(0'#/I! 3()! #'):&! /#! 3)('6;.)#0-%#! (--%3%'#/!.C'.)0#!9!/#'.)#/*.0'.!/(&!/<*%'.&!'.*3()#/.&!60%,(&!3()!&6&!&6'6)#&4!50-(0')#*(&! /#!&6'6)#!-()(0#)%#I!%'#/!9!/#!&6'6)#!/#*;(%,.#4!! ! 40B"A,( $0.F%&'*>! -()).&3(0,.! #! /#! 3#)'.! /#'.)#/! ,.! /#! -#;.J#4! =.! .0-6.0')#! /%*%'#,#! &63.)%()*.0'.! 3()! /#&! /<0.#&! '.*3()#/.&4! 50! ./! %01.)%()! 3()! ./! #)-(! -%7(*:'%-(! 9! /#! -).&'#! .&1.0(m'.*3()#/4!! 50! .&'#! J(0#! .0-(0')#*(&! /(&! &%76%.0'.&! /(&! $6.&(&>! /#&! #/#&! *#9().&! ,./! .&1.0(%,.&I! /#! 3()-%80!.&-#*(&#!,.!$6.&(!1)(0'#/I!./!3#)%.'#/!9!/#!.&-#*#!9!3#)'.!*#&'(%,.#!,./!'.*3()#/4!! ! 8'#0(@0*()&H,0%>!"#!,%2%,%*(&!.0!,(&!-(*3#)'%*.0'(&`!#0'.)%()!9!3(&'.)%()I!&%'6:0,(&.!./! /<*%'.!.0').!#*;#&!.0!/#&!#381%&%&!3'.)%7(%,.&4!! ! R;%.F'&$".0,$%(',$0&"%&`!P6.,#!).-6;%.)'(!3()!./!*#-%J(!8&.(!,.!/#!-#)#!9!3()!/(!'#0'(!0(! &.!2.!#!&%*3/.!2%&'#4!"#&!.&')6-'6)#&!P6.!.0-(0')#*(&!,.!,.'):&!#!,./#0'.!&(0`!! 50! /#! %+,/'! 3/-*'`! /#! 3()-%80! 1)(0'#/! ,./! 1)(0'#/! -(0! /#! .&3%0#! 0#&#/4! X()! ,./#0'.! /#! /:*%0#! 2.)'%-#/! ,./! .'*(%,.&4! X()! ,.'):&I! /#! -#)#! %01.)%()! ,./! -6.)3(! ,./! .&1.0(%,.&! -(0! /#! -).&'#!.&1.0(%,#/!%01.)%()4!! Q'1/.'%3/,1/`!/#&!*#&#&!/#'.)#/.&!,./!.'*(%,.&I!-#)#!%01.)%()!,./!-6.)3(!,./!.&1.0(%,.&!9! /#&!#381%&%&!3'.)%7(%,.&4!!

:F(!%'1/.'%3/,1/`!/#!-#)#!%01.)%()!,.!/#&!J(0#&!();%'#)%#&!,./!1)(0'#/!9!/#!-#)#!%01.)%()!,.! /#&!#/#&!*.0().&!,./!.&1.0(%,.&!9!'#*;%+0!#!/#!-#)#!#0'.)%()!(!.C(-)#0.#/!,.!/#&!#/#&!*#9().&! ,./!.&1.0(%,.&4!! ]#*;%+0!0(&!2#*(&!#!.0-(0')#)!-2(!'D&J/.2(`!./!#76Q.)(!(2#/!9!./!#76Q.)(!.&3%0(&(!(! ).,(0,(!*.0()4!! ! R;%.F'&$".0,$%(F%#$0&"%&!`!+&'.!&
7-[96-4(3LY24954((

5&! 60! $6.&(! 3#)! P6.! &.! &%'G#! .0! /#! 3#)'.! #0'.)%()! ,.! /#! -#)#4! ]%.0.! 1()*#! ,.! -6#,)%/:'.)(4! 50! ./! ,%&'%076%*(&>! ,(&! -#)#&I! .C'.)0#! .! %0'.)0#! 9! -6#')(! ;(),.&`! ./! &63.)%()I! %01.)%()I!#0'.)%()!9!3(&'.)%()4!]#*;%+0!&.!,%&'%076.0!-6#')(!:076/(&!&%.0,(!./!*:&!%*3()'#0'.! ./!#0'.)(&63.)%()4!! ! ;'&'#(@0*(.'D"*'&(#?F0&"%&>!! R;'&'( ",$0&,'`! #P6! /#&! &?B%#"@'@0#! 3#)#! /#! #)'%-6/#-%80! -(0! ./! $6.&(! 3#/#'%0(4! @.'):&I! ./! %&"E")"%( @0( 0,$&'@'( '*( #0,%(.'D"*'&4!@.'):&!./!)','*(*')&".'*(P6.!1()*#!3#)'.!,./!-(0,6-'(!/#-)%*(m0#&#/!P6.!&.! -(*3/.'#!-(0!./!$6.&(!607%&4!X()!,./#0'.!,./!-#0#/!/#-)%*#/!'.0.*(&!/#!)'&'(",$0&,'(@0(*'( 'FAE"#"#('#)0,@0,$0(@0*(.'D"*'&(#?F0&"%&4!! ! R;'&'( 0D$0&,'`! ,.! ,./#0'.! #'):&! .0-(0')#*(&>! #! /#&! 0.",0,)"'#( '*G0%*'&0#( P6.! -()).&3(0,.)<#0! #! /(&! ./%*/=/(! 7(/2(! P6.! %0,%-#0! /#! %0&.)-%80! ,.! /#&! )#<-.&! ,.0'#)%#&4! "#! .*%0.0-%#!P6.!*:&!,.&'#-#!.&!/#!0.",0,)"'()',",'4!X()!,.'):&!,.!/#&!.*%0.0-%#&!.&':!/#!E%#'( )'.",'(,(0,.!&.!%0&.)'#!./!34()&%2!)'3*,24!X()!,.'):&I!60#!#381%&%&!,.!1()*#!3%)#*%,#/!P6.!&.!

,.0(*%0#! 'FAE"#"#( F"&'."@'*( %( )"B%.H$")'( 9! P6.! 3.)*%'.! /#! #)'%-6/#-%80! ,./! *#C%/#)! &63.)%()!-(0!./!*#/#)4!! 50!.&'#!#381%&%&!.0-(0')#*(&!2#)%#&!-#)#&`!! x V#)#! &63.)%()>! P6.! 1()*#! 3#)'.! ,./! &6./(! ,.! /#! 8);%'#! 9! P6.! 3).&.0'#! 60! -#0#/.&! -#2#,(! .0! &.0'%,(! #0'.)(3(&'.)%()! P6.! &.! ,.0(*%0#! )','*( #?C%&C"$'&"%4!! x V#)#!#0'.)%()>!#P6! -()).&3(0,.! #! /#! $?C0&%#"@'@0#( @0*( .'D"*'&4! 50! .&'#! -#)#! .&'#! #76Q.).#,#! 3()! *G/'%3/.&! ()%1%-%(&! P6.! &(0! /(&! %&"E")"%#( '*G0%*'&0#( F%#$0&"%&0#4!5&'#!'6;.)(&%,#,.&!&%)2.!3#)#!#)'%-6/#)!./!*#C%/#)!&63.)%()!-(0!/#! 3()-%80!2.)'%-#/!,./!$6.&(!3#/#'%0(4!F,.*:&!,.!.&'#!-#)#!1()*#0!3#)'.!,.!/#! 1(&#!-%7(*:'%-#!(!%01/#'.*3()#/4!! ! 50!/#!#381%&%&!'#*;%+0!$#9!60#!&.)%.!,.!;(),.&>!! x g(),.! #0'.)%()>! P6.! 1()*#! 3#)'.! ,./! ).;(),.! ();%'#)%(4! F! ')#2+&! ,.! .&'.! &.! #)'%-6/#!-(0!./!*#/#)4!! x g(),.!%01.)%()>!P6.!.&!60!;(),.!/%;).4!! x g(),.!3(&'.)%()>!P6.!1()*#!3#)'.!,.!/#!-%&6)#!();%'#)%#!%01.)%()4!! ! "#!#381%&%&!'#*;%+0!'%.0.!60!2+)'%-.!#!')#2+&!,./!-6#/!&.!#)'%-6/#!-(0!./!*#/#)4!! ! 8%&@0#(@0*(.'D"*'&(#?F0&"%&I(( R8%&@0(#?F0&"%&>!.&!60!;(),.!#)'%-6/#)4!@.!,./#0'.!#'):&!&.!#)'%-6/#!-(0>!./!$6.&(!607%&I!/#! /:*%0#!3#3%)#-.#!,./!.'*(%,.&!9!/#!#381%&%&!();%'#)%#&!,./!3#/#'%0(4!! ! R8%&@0(",E0&"%&(%(C%&@0('*G0%*'&>!3).&.0'#!'(,(&!/(&!()%1%-%(&!#/2.(/#).&4!FP6!#P6!&.!#)'%-6/#!-(0`!3()-%80!2.)'%-#/!,./!3#/#'%0(4!! ! <,B?*%(',$0&%#?F0&"%&`!-()).&3(0,.!#/!/#!'FAE"#"#('#)0,@0,$0(@0*(.'D"*'&(#?F0&"%&4!5&':! #381%&%&!'%.0.!60#!-#)#!.C'.)0#4!! x p0#!-#)#!%0'.)0#!P6.!1()*#!./!'.-$(!,.!/#&!1(&#&!0#&#/.&4!! x p0!;(),.!&63.)%()!P6.!&.!#)'%-6/#!-(0!/#!3()-%80!0#&#/!,./!1)(0'#/4!! x p0!;(),.!#0'.)%()!P6.!&.!#)'%-6/#!-(0!/(&!$6.&(&!,.!/#!0#)%J4!! x p0!;(),.!3(&'.)%()!P6.!&.!#)'%-6/#!-(0!./!$6.&(!/#-)%*#/4!! x 50!/#!-#)#!%0'.)0#!,.!/#!#381%&%&!&.!3).&.0'#0!,(&!&63.)1%-%.&!#)'%-6/#).&!P6.! &(0!/#&!)&0#$'#( $?&C",'*0#(#! ')#2+&! ,.! /#&! -6#/.&! &.! #)'%-6/#0! -(0! /#&! *#&#&! /#'.)#/.&!,./!.'*(%,.&!9!-(0!./!-()0.'.!0#&#/!%01.)%()4! ! ( !L2353(Y45Y953(12(6-(=-49b(5(=-3-623( m5&!60!$6.&(!3#)I!3/#0(!P6.!'%.0.!60#!)'&'(',$0&"%&(,(0,.!&.!%0&.)'#!./!*G&-6/(!3%)#*%,#/4!!

! mp0#!)'&'(F%#$0&"%&(P6.!-(0')%;69.!#!1()*#)!./!'.-$(!,.!/#&!1(&#&!0#&#/.&4!! ! mp0!C%&@0(#?F0&"%&>!,(0,.!&.!#)'%-6/#!-(0!/#!3()-%80!0#&#/!,./!1)(0'#/4!! ! mp0!C%&@0(",E0&"%&>!P6.!&%)2.!3#)#!#)'%-6/#)&.!-(0!./!-#)'!#!')#2+&!,./!P6.!&.!#)'%-6/#!-(0!./!$6.&(!-(0')#/#'.)#/4!! ! mp0!C%&@0(*'$0&'*>!P6.!&.!#)'%-6/#!-(0!/#!#381%&%&!#&-.0,.0'.!,./!*#C%/#)!&63.)%()4! ! ( !L235(7-6-4(5(;9/57<S9;5(( ]%.0.!1()*#!-6#,)%/:'.)#4!@%&'%076%*(&>!! ;'&'#I( RL,'()'&'(0D$0&,'(P6.!&%)2.!3#)#!/#!%0&.)-%80!*6&-6/#)4!! RL,'()'&'(",$0&,'(%(F%#$0&"%&(P6.!1()*#!3#)'.!,.!/#!1(&#!'.*3()#/!9!/#!1(&#!-%7(*:'%-#4!! ! <,B?*%#I( m@.&36+&! '.0.*(&! 60#! H,B?*%( #?F0&"%&( #! ')#2+&! ,./! -6#/! &.! #)'%-6/#! -(0! /#&! #381%&%&! -%7(*:'%-#&!,./!1)(0'#/4!! mp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

!

RL,(C%&@0(F%#$0&"%&(P6.!#)'%-6/#!-(0!/#!/:*%0#!3#3%)#-.#!,./!.'*(%,.&4!! !

RL,(C%&@0(',$0&"%&(P6.!#)'%-6/#!-(0!/#!#381%&%&!#&-.0,.0'.!,./!*#C%/#)!&63.)%()4!!

! ( !L235(Y-6-S9=5( 5&!60!$6.&(!3#)I!.&!./!$6.&(!*:&!3(&'.)%()!,./!*#-%J(!8&.(!,.!/#!-#)#4!=.!&%'G#!,.'):&! ,./! *#C%/#)! &63.)%()! 9! ,./#0'.! ,.! /#&! #381%&%&! 3'.)%7(%,.&! ,./! .&1.0(%,.&4! =.! ,%2%,.! .0! ,(&! 3#)'.&>!/#!/:*%0#!$()%J(0'#/!9!/#!/:*%0#!2.)'%-#/!#*;#&!3.)3.0,%-6/#).&!.0').!&<4!! ! 6H.",'(T%&"c%,$'*I(( m50!&6!)'&'(#?F0&"%&(1()*#!3#)'.!,./!&6./(!,.!/#&!1(&#&!0#&#/.&4!! m50!&6!)'&'(",E0&"%&(1()*#!3#)'.!,./!3#/#,#)!8&.(4!! ! m50! &6! C%&@0( ',$0&"%&( &.! 60.! -(0! ./! ;(),.! 3(&'.)%()! ,.! /#&! #381%&%&! 3#/#'%0#&! ,./! *#C%/#)! &63.)%()4!! m50! &6! C%&@0( F%#$0&"%&( 1()*#! ./! /<*%'.! *:&! 3(&'.)%()! ,./! 3#/#,#)! 8&.(! 9! ,./! &6./(! ,.! /#&! 1(&#&!0#&#/.&4!! m50!&6!C%&@0(.0@"'*(&.!60.!-(0!./!$6.&(!-(0')#/#'.)#/4!! m50!./!C%&@0(*'$0&'*(&.!60.!-(0!/#!/:*%0#!2.)'%-#/4!! ! ( 6H.",'(G0&$")'*I(( m50!/#! )'&'(",$0&,'( -(0')%;69.!#!1()*#)!/#!3#).,!.C'.)0#!,.!/#&!1(&#&!0#&#/.&!9!&.!3).&.0'#! 60#!&63.)1%-%.!#)'%-6/#)!-(0!./!-()0.'.!0#&#/!%01.)%()4!! m50!&6!)'&'(0D$0&,'(,%&'%076%*(&!,(&!3#)'.&>!! x p0#!<'.1/!',1/.*2.!P6.!&.!#)'%-6/#!-(0!/#!'6;.)(&%,#,!,./!*#C%/#)!9!-(0!/#!3#)'.! ,.!/#!-#)#!%0'.)0#!,./!*#C%/#)4!! x p0#!<'.1/!<2(1/.*2.!P6.!&.!#)'%-6/#!-(0!/#&!#381%&%&!3'.)%7(%,.&!,./!.&1.0(%,.&4!! ! V(*(!-(0&.-6.0-%#!,.!.&'#&!,(&!#)'%-6/#-%(0.&!P6.,#!60!.&3#-%(!')%#076/#)!P6.!.&!/#! E%#'( F$0&"B%F'*'$",'( .0! /#! P6.! ./! $6.&(! 3#/#'%0(! 1()*#! /#! 3#).,! *.,%#/! ,.! /#&! *%&*#&4! V(*(!-(0&.-6.0-%#!,.!.&'#&!#)'%-6/#-%(0.&!&.!-(*3/.'#!./!-#0#/!3#/#'%0(!*#9()4!! ! 8%&@0#>!! m]%.0.!60! C%&@0(#?F0&"%&>!,./!P6.!&6)7.0!,(&!#381%&%&`!/#!'FAE"#"#(%&C"$'&"'(P6.!.&!#0'.)%()! 9!/#!'FAE"#"#(0#E0,%"@'*(P6.!.&!3(&'.)%()4!"#!3)%*.)#!2#!#!'.0.)!').&!-#)#&!#)'%-6/#).&!#!')#2+&! ,.!/#&!-6#/.&!&.!60.!#/!*#C%/#)!&63.)%()I!#/!-6.)3(!,./!.&1.0(%,.&!9!./!.'*(%,.&4!"#!&.760,#! P6.,#! .0-#Q#,#! .0! /#! ;#&.! ,.! /#! #381%&%&! 3'.)%7(%,.&4! 50').! #*;#&! #381%&%&! P6.,#)! /#! 0#)%$'@?&'( 0#E0,%F'*'$",'( P6.! 1()*#! 3#)'.I! -(0! ./! -6.)3(! ,./! .&1.0(%,.&I! ,./! ()%1%-%(! .&1.0(3#/#'%0(!P6.!-(*60%-#!/#!1(&#!3'.)%7(3#/#'%0#!9!./!%0'.)%()!,.!/#&!1(&#&!0#&#/.&4!! ! m8%&@0(',$0&"%&I!P6.!.&!60!;(),.!#)'%-6/#)!-(0!/#!-#)#!%0'.)0#!,./!*#C%/#)!&63.)%()4!! ! mp0!C%&@0(F%#$0&"%&(P6.!#)'%-6/#!-(0!/#&!#381%&%&!3'.)%7(%,.&4!! !

mp0!C%&@0(",E0&"%&(P6.!.&!./!;(),.!,.!60%80!-(0!/#!/:*%0#!$()%J(0'#/4!! ! ! 50! /#! 60%80! ,.! /#! /:*%0#! $()%J(0'#/! 9! /#! 2.)'%-#/I! 3()! &6! &63.)1%-%.! .C'.)0#! &6)7.! /#! 'FAE"#"#(F"&'."@'*(P6.!P6.,#!.0-#Q#,#!.0!/#!.&-('#,6)#!3'.)%7(%,.#4! ! ( ;54=2S2(=-3-6(9=>24954(( 5&!60!$6.&(!3#)!9!.0!./!,%&'%076%*(&>!,(&!;(),.&!9!,(&!.C').*%,#,.&!4!! ! RL,(C%&@0(#?F0&"%&`!,./!-6#/!&6)7.0!').&!#381%&%&>!/#!'FAE"#"#(*')&".'*I!/#!'FAE"#"#(.'D"*'&( 9! /#! 'FAE"#"#( 0$.%"@'*4! "#! 3)%*.)#! &.! #)'%-6/#! -(0! ./! $6.&(! 607%&! -(*3/.'#0,(! ./! -#0#/! /#-)%*(0#&#/4! "#! &.760,#! &.! #)'%-6/#! -(0! /#! -#)#! %0'.)0#! ,./! *#C%/#)! &63.)%()4! "#! '.)-.)#! &.! #)'%-6/#! -(0! /#! #381%&%&! 60-%1()*.! P6.! &6)7<#! ,.! /#! -#)#! %01.)%()! ,.! /#&! *#&#&! /#'.)#/.&! ,./! .'*(%,.&4!! ! mY%&(#?()'&'(",$0&,'(./!-()0.'.!*%)#!$#-%#!./!%0'.)%()!,.!/#&!1(&#&!0#&#/.&4!! ! m50!./!C%&@0(",E0&"%&(,.!&6!;(),.!/%;).4!!

( R6'(0D$&0."@'@(',$0&"%&(&.!#)'%-6/#!-(0!/#!#3(1%&%&!#&-.0,.0'.!,./!*#C%/#)!&63.)%()4!! R6'(0D$&0."@'@(F%#$0&"%&(&.!#)'%-6/#!-(0!/#!-#)#!%0'.)0#!,./!$6.&(!3#/#'%0(4!!

! ( J:724(( 5&!60!$6.&(!%*3#)4!V(0')%;69.!#!1()*#)!./!'#;%P6.!,.!/#&!1(&#&!0#&#/.&4!5&!60!$6.&(!3/#0(4! 50!./!,%&'%076%*(&>!! ! RL,(C%&@0(',$0&"%&(P6.!#)'%-6/#!-(0!/#!/:*%0#!2.)'%-#/!,./!.'*(%,.&!9!-(0!./!-#)'!! ! ;?0&F%>!! m]%.0.! 60#! )'&'( 0D$0&,'>! $#-%#! /#! /<0.#! *.,%#! &.! &%'G#! /#! 0.",0,)"'( .0,$%,"','4! "#'.)#/*.0'.! #! .//#! &.! .0-6.0')#! 60! ).&#/'.! (;/%-6(! P6.! .&! /#! *+,0'( %C*")?'( 0D$0&,'4! X()! .0-%*#I!./!'B?\0&%(.0,$%,"',%4!! !

m]%.0.!60#! )'&'(",$0&,'>!$#-%#!/#!/<0.#!*.,%#!.0-(0')#*(&!-6#')(!&#/%.0'.&!8&.(&!3#)#/./(&! P6.!&(0!/#&!'FAE"#"#(B0,"I!,.!K!&63.)%().&!9!,(&!%01.)%().&!,(0,.!&.!%0&.)'#0!/(&!*G&-6/(&>! D/,*2D%2(2! .0! /#! &63.)%().&! 9! D/,**2*-/2! .0! /#&! %01.)%().&4! "#'.)#/*.0'.! .0-(0')#*(&! /#! *+,0'( ."*%"%"@0'(,(0,.!&.!%0&.)'#!./!34()&%2!3*%2*2*-/24!5&'#!/<0.#!&.3#)#!/#!,.3).&%80!&63.)%()!P6.! &.!,.0(*%0#!E%#'(#?C*",B?'*(,(0,.!#3(9#!/#!D%F,-&%'!(&5%*,D&'%I!,.!/#!,.3).&%80!%01.)%()!P6.! &.!,.0(*%0#!E%#'(#?C.'D"*'&(,(0,.!#3(9#!/#!D%F,-&%'!(&53'0*%'.4! ! 4'.'#(@0(*'(.',@+C?*'>!'%.0.0`! RL,'()'&'(0D$0&,'(,(0,.!%0&.)'#!./!*G&-6/(!*#&.'.)(4!! ! RL,'()'&'(",$0&,'( P6.!3).&.0'#!./!()%1%-%(!,.!.0')#,#!#/!-(0,6-'(!,.0'#)%(!%01.)%()4!=(;).! .&'.! ()%1%-%(! &.! 2.! /#! 0#F",'( @0( #F"D( %( *+,B?*'4! X()! ,./#0'.! ,./! ()%1%-%(! .&':! ./! #?&)%( ."*%"%"@0%(,(0,.!&.!#3(9#0!/(&!2#&(&!9!0.)2%(&!*%/(%(%,.(&4!! ! "#!)#*#!P6.!60#!&.)%.!,.!;(),.&>!! F!60! C%&@0(#?F0&"%&( -(0!,(&!#381%&%&`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

R6'( F'&0@( 0D$0&,'( /#! 1()*#0! /#&! #381%&%&! ();%'#)%#&! .C'.)%().&! ,./! 1)(0'#/4! "#! #381%&%&!

();%'#)%#!,./!*#/#)!9!/#&!#/#&!*#9().&!,./!.&1.0(%,.&4! ! ( 6-3(>53-3(=-3-623(( ( =(0!-(*(!,(&!-()).,().&!P6.!&.!&%'G#0!#!#*;(&!/#,(&!,.!/#!/<0.#!*.,%#!9!3()!,.;#Q(! ,.!/#&!8);%'#&4!50-(0')#*(&!,(&!3#)'.&>!60#!%0'.)0#!9!(')#!.C'.)0#4!! ! RY'&0@(.0@"'*`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x -B?\0&%(0#E0,%F'*'$",%`!P6.!&.!&%'G#!3()!.0-%*#!,./!-()0.'.!0#&#/!&63.)%()! 9!P6.!-(*60%-#!/#&!1(&#&!0#&#/.&!-(0!/#!1(&#!3'.)%7(3#/#'%0#4!! x 2*(.0'$%(,'#'*(#?F0&"%&`!P6.!&.!&%'G#!3()!,.;#Q(!,./!-()0.'.!0#&#/!&63.)%()! ,(0,.!,).0#0!/#&!-./,%//#&!.'*(%,#/.&!3(&'.)%().&4!! x 2*(.0'$%(,'#'*(.0@"%`!P6.!&.!&%'G#!3()!,.;#Q(!,./!-()0.'.!0#&#/!*.,%(!9! ,(0,.!,).0#0!./!&.0(!*#C%/#)I!./!1)(0'#/!9!/#&!-./,%//#&!.'*(%,#/.&!#0'.)%().&4!! x 70'$%( ,'#'*( ",E0&"%&`! P6.! &.! &%'G#! 3()! ,.;#Q(! ,./! -()0.'.! 0#&#/! %01.)%()! 9! ,(0,.!,).0#!./!-(0,6-'(!/#-)%*(0#&#/4! ! (

>53-(YS249/5Y-6-S9=-((

5&!60!.&3#-%(!,.!1()*#!')%#076/#)!-(0!60#!;#&.!&63.)%()!9!60!2+)'%-.!%01.)%()I!P6.!&.! &%'G#! .0! /#! ).7%80! /#'.)#/! ,.! /#! -#)#! 9! P6.! '%.0.! %*3()'#0-%#! 3()P6.! .&! 60! /67#)! 3()! ,(0,.! 3#�! 2#&(&! 9! 0.)2%(&4! @%&'%076%*(&! 60#! 3#).,! #0'.)%()I! 60#! 3(&'.)%()I! 60#! *.,%#/! 9! 60#! /#'.)#/4!! ! RY'&0@( ',$0&"%&`! -()).&3(0,.! #! /#! '6;.)(&%,#,! ,./! *#C%/#)! #76Q.).#,#! 3()! /(&! ()%1%-%(&! ,.0'#)%(&!3(&'.)%().&4!! ! RY'&$0(F%#$0&"%&`!-()).&3(0,.!#!/#!#76Q.)(!P6.!1()*#0!/#&!#/#&!,.!/#&!#381%&%&!3'.)%7(%,.&I!#&
!

RY'&$0(.0@"'*`!-()).&3(0,.!#!/#!3#)'.!,.!/#!-#)#!.C'.)0#!,.!/#!/:*%0#!2.)'%-#/!,./!3#/#'%0(!#&
-(*(!'#*;%+0!#!&6!;(),.!&63.)%()!-(0!/#!.&-('#,6)#!3'.)'%7(3#/#'%0(4!! ! RY'&$0(0D$0&,'(%(*'$0&'*`!#;%.)'#!3#)#!-(*60%-#)&.!-(0!/#!1(&#!%01)#'.*3()#/!(!-%7(*:'%-#!9! P6.!P6.,#!/%*%'#,#!%01.)%()*.0'.!3()!/#&!#381%&%&!3'.)%7(%,.&!9!/#!'6;.)(&%,#,!*#C%/#)!.0!&6! &63.)1%-%.!,.!-(0'#-'(4!! ! RS0)T%`! -()).&3(0,.! #/! .&1.0(%,.&I! #/! #/#! *#9()! 9! &.! .0-6.0')#! .C-#2#,(! 3()! ./! #76Q.)(! ).,(0,(!*#9()4!! ! ! ! "#!1(&#!3'.)%7(3#/#'%0#!&.!2#!#!-(*60%-#)!-(0!(')#&!1(&#&!#!')#2+&!,.!/(&!&%76%.0'.&!%&"E")"%#>!! x -B?\0&%(&0@%,@%(.'P%&(-(0!/#!1(&#!-)#0.#/!*.,%#4!! x -B?\0&%(0#E0,%F'*'$",%(-(0!/#&!1(&#&!0#&#/.&4!! x ;"#?&'(%&C"$'&"'(",E0&"%&(-(0!./!%0'.)%()!,.!/#!8);%'#4! ! >53-(9=>4-S27Y54-6(( ( =.!.0-6.0')#!*#/!,./%*%'#,#4!=.!-(*60%-#!,%).-'#*.0'.!-(0!/#!1(&#!'.*3()#/!,.! 1()*#!P6.!/#!&.3#)#-%80!.0').!.//#&!-(*3).0,.!#!/#!-).&'#!.&1.0('.*3()#/!,./!#/#!*#9()!,./! .&1.0(%,.&!9!./!#)-(!-%7(*:'%-(4!! ! ](,(!/(!P6.!P6.,#!3()!,.;#Q(!,.!.&'.!/<*%'.!.&!/#!1(&#!%01)#'.*3()#/!9!'(,(!/(!P6.! P6.,#!3()!.0-%*#!.&!/#!1(&#!'.*3()#/4!! ! m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o!.&!%*3()'#0'.!3()P6.!&%)2.!3#)#!%0&.)-%80!*6&-6/#)4!! =6&!/<*%'.&!&(0>! R6+."$0(#?F0&"%&>!/#&!/<0.#&!'.*3()#/.&4!! ! m6+."$0(",E0&"%&>!.&!./!#)-(!-%7(*:'%-(!9!/#!-).&'#!.&1.0('.*3()#/4!! ! RY'&0@(.0@"'*>!&.!.0-6.0')#!1()*#,#!3()!/#!.&-#*#!,./!'.*3()#/I!./!$6.&(!3#)%.'#/I!/#!-#)#! .C'.)0#!,./!#/#!*#9()!,./!.&1.0(%,.&!9!/#!-#)#!'.*3()#/!,./!$6.&(!1)(0'#/4!! !

RY'&0@(',$0&"%&>!-()).&3(0,.!#!/#!-#)#!3(&'.)%()!,./!*#/#)4!

! ! "#! #)'%-6/#-%80! '.*3()(*#0,%;6/#)! .&! /#! G0%-#! #)'%-6/#-%80! *82%/! 3).&.0'.! .0! /#! -#;.J#!8&.#4!! :2.;2%7D*)'3/,1/!.&!60#!#)'%-6/#-%80!,.!$"F%()%,@+*0%I!3.)(!,.;%,(!#!/#!3).&.0-%#!,.!60!,%&-(! #)'%-6/#)! .0').! /#! &63.)1%-%.! &.! -(02%.)'.! .0! 60#! 0,'&$&%#"#4! "#! ,%1.).0-%#! .&':! .0! P6.! &6&! *(2%*%.0'(&! P6.,#0! ,./%*%'#,(&! 3()! /#! 0.-.&%,#,! ,.! ).#/%J#)! *(2%*%.0'(&! &%0-)(0%J#,(&! .0').!/#&!,(&!#)'%-6/#-%(0.&4!! ! 3?F0&E")"0#('&$")?*'&0#(( ].0.*(&!,(&!&63.)1%-%.&`!60#!.0!/#!3#)'.!'.*3()#/!9!(')#!.0!/#!J(0#!*#0,%;6/#)4!! ! R2,( 0*( $0.F%&'*`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
! 5/! ,%&-(! ,%2%,.! #! /#! -#2%,#,! #)'%-6/#)! .0! ,(&! -(*3#)'%*.0'(&>! &63)#*.0%&-#/! .! %01)#*.0%&-#/4!F*;(&!).2.&'%,(&!3()!*.*;)#0#!&%0(2%#/!9!(-63#,(&!3()!/
7%G"."0,$%#(@0(*'('&$")?*')"A,($0.F%&%.',@"C?*'&!! ! "#!#)'%-6/#-%80!36.,.!).#/%J#)!').&!'%3(&!,.!*(2%*%.0'(&`!$#-%#!,./#0'.!9!#'):&I!#))%;#! 9!#;#Q(I!9!/#'.)#/.&4!=%.*3).!/%*%'#,(&!3()!./!$.-$(!,.!*(2.)!#!/#!2.J!/#&!,(&!#)'%-6/#-%(0.&4! X#)#!).#/%J#)!.&'(&!*(2%*%.0'(&!&(0!0.-.&#)%(&!,(&!*(2%*%.0'(&!;:&%-(&`!./!*(2%*%.0'(!,.! ,.&/%J#*%.0'(!9!./!*(2%*%.0'(!,.!)('#-%804!! ! R7%G"."0,$%( @0( @0#*"c'."0,$%`! '%.0.0! /67#)! .0! /#! -#2%,#,! &%0(2%#/! &63.)%()! (! -(*3#)'%*.0'(! &63)#*.0%&-#/4! V(0&%&'.I! .0! P6.! ./! *.0%&-(! 9! ./! -80,%/(! *#0,%;6/#)! &.! ,.&3/#-.0!#!/(!/#)7(!,.!/#!-#2%,#,!7/.0(%,.#!9!,.&-%.0,#0!#!/(!/#)7(!,.!/#!&63.)1%-%.!3(&'.)%()! ,./!'6;+)-6/(!#)'%-6/#)!//.7#0,(!#!&%'6#)&.!3()!,.;#Q(!9!,./#0'.!,./!'6;+)-6/(4!! ! R7%G"."0,$%(@0(&%$')"A,`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`! Y&%$?#"A,( .',@"C?*'&(.H#(@0#)0,#%(.',@"C?*'&4!X#)#!-.))#)/#!&.):!#/!-(0')#)%(4!! ! X#)#!/(&!*(2%*%.0'(&!/#'.)#/.&!&.!3)(,6-.! 60! *(2%*%.0'(! ,.! ,.&/%J#*%.0'(! .0! 60#! ,.! /#&! #)'%-6/#-%(0.&! '.*3()(*#0,%;6/#).&! 9! 60! *(2%*%.0'(! ,.! )('#-%80! .0! /#! (')#! #)'%-6/#-%80!'.*3()(*#0,%;6/#)4!5/!3)%*.)(!(-6)).!.0!#P6.//#!F]L!.0!/#!P6.!./!-80,%/(!.&':! .&'#;/.! 9! -()).&3(0,.! #/! /#,(! ,.! ')#;#Q(4! F/! 3)(,6-%)&.! 60! ,.&3/#J#*%.0'(! .0! 60#! ,.! /#&! F]LI! /#! -(0')#! /#'.)#/I! P6.! .&! /#! .&'#;/.I! &61).! 60#! )('#-%80! ,.! &6! -80,%/(! -(0! /(! -6#/! /#! *#0,%;6/#)! ,.&-%.0,.! 60! 3(-(4! 5/! *(2%*%.0'(! ,.! ,.&/%J#*%.0'(! &%.*3).! &.! 3)(,6-.! &%76%.0,(!/#!,%).--%80!,./!*(2%*%.0'(4! ! "#!-#2%,#,!()#/!.&!./!3)%*.)!')#*(!,./!'6;(!,%7.&'%2(!9!.0!.//#!&.!,#0!/(&!1.08*.0(&! ,.!*#&'%-#-%80I!&.!*.J-/#0!/(&!#/%*.0'(&!-(0!/#!&#/%2#!9!&(0!,.7/6'%,(&!3#�,(!/#!1#)%07.4!"#! -#2%,#,!()#/!'#*;%+0!3#)'%-%3#!.0!/#!1()*#-%804!=.!,%2%,.!.0!').&!3#)'.&`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�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`! ./! '.-$(!-()).&3(0,.!#/!3#/#,#)!8&.(!9!$#;/#0,(4!5/!&6./(!#!/#!/.076#!9!#!/#!*6-(&#!P6.!).-6;).! /#!-#)#!%01.)%()!,.!/#!/.076#!9!P6.!&.!).1/.Q#!$#-%#!/#!.0-<#4!! ! RS0)T%`!-()).&3(0,.!#/!3#/#,#)!8&.(!9!#/!;/#0,(4!! 8"U?%!7(/2I!.&':!-(0&'%'6%,(!3()!/#&!#381%&%&!3#/#'%0#&!,./!*#C%/#)!&63.)%()!9!/#&!/:*%0#&! $()%J(0'#/.&!,./!3#/#'%0(4!X).&.0'#!60!()%1%-%(!#0'.)%()I!.0!/#!/<0.#!*.,%#I!Q6&'(!,.'):&!,.!/(&! %0-%&%2(&!P6.!&.!,.0(*%0#!#76Q.)(!%0-%&%2(!3()!,(0,.!3#&#!./!0.)2%(!0#&(3#/#'%0(!9!)#*#&!,.! /#! #)'.)%#! 3#/#'%0#! *#9()4! 50! .&'.! 3#/#,#)! 8&.(! '#*;%+0! .0-(0')#*(&! /#'.)#/*.0'.! 9! 3(&'.)%()*.0'.! /(&! #76Q.)(&! 3#/#'%0(&! *#9().&! 3()! ,(0,.! 3#�! 0.)2%(&! 9! 2#&(&! 3#/#'%0(&! *#9()!9!*.0().&4!! ! 5/!3#/#,#)!8&.(!.&':!).-6;%.)'(!3()!*6-(&#!9!&6;*6-(&#!.C-.3'(!.0!/#!/<0.#!*.,%#! ,(0,.! /#! *6-(&#&! &.! #,$%.).! ,%).-'#*.0'.! #/! $6.&(! 1()*#0,(! 60#! $.0,%,6)#! .0! /#! /<0.#! *.,%#!P6.!&.!,.0(*%0#!./!&'E0(.0@"%4!"#'.)#/*.0'.!#/!)#1.!9!3.)3.0,%-6/#)!#!+/!/#!*6-(&#!

1()*#! 3/%.76.&4! 50! /#! &6;*6-(&#! $#9! '#*;%+0! #;60,#0'.&! 7/:0,6/#&! P6.! &(0! 7/:0,6/#&! 3#/#'%0#&!P6.!2#0!#!3)(,6-%)!*(-(4!! ! >"U?%!<'%'-'.!5%',-2!.&!60!).3/%.76.!*G&-6/(*.*;)#0(&(!P6.!&.!%0&.)'#!.0!./!;(),.! 3(&'.)%()! ,./! 3#/#,#)! 8&.(! 9! &.! ,%)%7.! $#-%#! #'):&! #-#;#0,(! .0! 60! ;(),.! 3(&'.)%()! /%;).! ,.! -69#! /<0.#! *.,%#! -6./7#! /#! G26/#4! 5/! 3#/#,#)! ;/#0,(! .&! /#! G0%-#! 3#)'.! *82%/! ,./! 3#/#,#)! 9! -6#0,(!/#!;(-#!.&':!-.))#,#!&.!#*(/,#!#/!,()&(!,.!/#!/.076#!&.3#)#0,(!/#!-#2%,#,!()#/!,.!/#! 1#)%07.#4!! ! V6#0,(! &.! 3)(,6-.! /#! ,.7/6-%80I! ./! 2./(! ,./! 3#/#,#)! #&-%.0,.! 9! &.! ,%&3(0.! .0! $()%J(0'#/! 9! &.! #,(&#,#! #! /#! 3#).,! 3(&'.)%()! ,.! /#! 1#)%07.4! @.! .&'#! 1()*#! &.! 3#)#! /#&! 1(&#&! 0#&#/.&!,.!/#!1#)%07.4!! ! R2*( C%&@0( F%#$0&"%&( ,.! /#! -#2%,#,! ()#/! /(! -(0&'%'69.! ./! %&'*(! ,.! /#&! 1#6-.&! 9! /(&! 3%/#).&! #*%7,#/%0(&4!5&'(&!G/'%*(&!&(0!,(&!#!-#,#!/#,(`!./!3%/#)!#0'.)%()!9!./!3(&'.)%()4!50').!#*;(&! P6.,#! 60! .&3#-%(! P6.! &.! ,.0(*%0#! /#! E%#'( '."B@'*",'( P6.! .&':! (-63#,#! 3()! /#! 7/:0,6/#! 3#/#'%0#4!! ! 5/! %&'*(! .&! ./! .&3#-%(! &%'6#,(! .0').! #*;(&! 3%/#).&! #*%7,#/%0(&! 3(&'.)%().&4! EX#)#! #/760(&! #6'().&! .0').! /(&! #0'.)%().&4A! #/! 3%/#)! #*%7,#/%0(! #0'.)%()! '#*;%+0! &.! /.! //#*#! '&)%( F'*'$%B*%#%(9!#/!3(&'.)%()!'&)%(F'*'$%E'&+,B0%((-63#,(!3()!./!*G&-6/(!,./!*%&*(!0(*;).4!! ! ! "#! '3+D-'%'! <'%'1*,'! .&! 60! 8)7#0(! /%01(%,.! 9! '%.0.! *:&! (! *.0(&! Kkm?km?b! **4! =63.)1%-%#/*.0'.! 3).&.0'#! 06*.)(&#&! $.0,%,6)#&! P6.! &.! ,.0(*%0#0! F?,$%#( '."B@'*",%#( P6.!&(0!%02#7%0#-%(0.&!,./!.3%'./%(!,.!).2.&'%*%.0'(!$#-%#!./!'.Q%,(!/%01(%,.4!F/!&.)!60!8)7#0(! /%01(%,.!&61).!60!#6*.0'(!,.!'#*#[(!$#&'#!/(&!&.%&I!&%.'.!#[(&!#!3#)'%)!,.!#P6
x

! !

B'<*%'(! ;&,D*;2.3/(`! -(0! 60! '#*#[(! *#9()! P6.! /#&! #0'.)%().&! 9! 60#! -#0'%,#,! *.0()!&.!&%'G#0!.0!/(&!;(),.&!/#'.)#/.&!9!.0!/#!360'#4!! x B'<*%'(! )*.)&,5'%'-'(! 2! )'%*)*;2.3/(`! &(0! /#&! ,.! *#9()! '#*#[(! 9! &6! 0G*.)(! .&! #/).,.,()!,.!fm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x p0#! 3%.J#! ,.0'#)%#! .&':! -(0&'%'6%,#! 3()! ,%&'%0'(&! '%3(&! ,.! '.Q%,(&! *%0.)#/%J#,(&4!"#!*#9()!3)(3()-%80!,./!,%.0'.!.&':!-(0&'%'6%,#!3()!60!'.Q%,(! *%0.)#/%J#,(!P6.!.&!/#!-/,1*,'4! x "#!,.0'%0#!.&':!).-6;%.)'#!3()!(')(&!'.Q%,(&!*%0.)#/%J#,(&4! x "#!3#)'.!,./!,%.0'.!P6.!&(;).&#/.!#!')#2+&!,.!/#!.0-<#!&.!//#*#!)2.2,'I!9!.&':! ).-6;%.)'#!3()!60!'.Q%,(!*%0.)#/%J#,(!//#*#,(!/(3'%1/4! x "#!3#)'.!,./!,%.0'.!P6.!P6.,#!,.0')(!,./!$6.&(!&.!//#*#!.'+A"! x "#!,.0'%0#!,.!/#!)#<J!.&'#!).-6;%.)'#!3()!./!)/3/,124! ! #&/%%2!-/%!-*/,1/>!60%80!.0').!-()(0#!9!)#<J!-(%0-%,.0'.!-(0!/#!/<0.#!*.,%#!.0').!./!.&*#/'.!9! -.*.0'(I!#!.&'#!/<0.#!&.!/.!//#*#!%+,/'!'3/%2)/3/,1'.*'!2!%+,/'!)/.=*)'/4! ! 5/! %0'.)%()! ,./! ,%.0'.! .&':! (-63#,(! 3()! 60#! -#2%,#,! P6.! .&! /#!)'G"@'@( F?*F'&I! .&'#! &.! 36.,.!,%2%,%)!.0!,(&!3#)'.&>! ƒ #F3'.'!<&%<'.>!!.&!/#!3#)'.!*:&!#0-$#!P6.!-(%0-%,.!-(0!/#!-()(0#! ƒ #2,-&)12! 2! )','%! .'-*)&%#)>! .&! /#! 3#)'.! *:&! .&').-$#! .0! 1()*#! ,.! -(0,6-'(I! -()).&3(0,.!#!/#!)#<J4! "#! -#2%,#,! 36/3#)! .&':! ).//.0#! ,.! 60! '.Q%,(! -(0Q60'%2(! *69! 2#&-6/#)%J#,(! .! %0.)2#,(! //#*#,(!<&%<'!-/,1'.*'4! !

"(&!2#&(&!9!0.)2%(&!,.!/#!36/3#!,.0'#)%#!.0')#0!#/!%0'.)%()!,.!/#!-#2%,#,!36/3#)!#!')#2+&! ,.!60!()%1%-%(!&%'6#,(!.0!./!2+)'%-.!,.!/#!)#<J!%%'3'-2!F! 5&! 60! '.Q%,(! *%0.)#/%J#,(! 9! 3):-'%-#*.0'.! %0.)'.! 1#;)%-#,(! 3()! /(&! '3/%25%'(12&I! .&'(&! ,.#).-.0! -6#0,(! ./! ,%.0'.! &#/.! #/! .C'.)%()I! #/! ,.#).-.)! ./! .&*#/'.! &.! -(02%.)'.! .0! 60! '.Q%,(!P6.!0(!&.!36.,.!).7.0.)#)4! 5/!.&*#/'.!.&'#!-(0&'%'6%,(!3()>! ƒ nkq!3()!-)%&'#/.&!,.!$%,)(C%#3#'%'#! ƒ Nq!3()!1%;)#&!,.!-(/:7.0(! ƒ ?q!3()!#76#! =.! ()7#0%J#! 1()*#0,(! 3)%&*#&! (! #)%&'#&I! -#,#! 3)%&*#! .&! &6! 60%,#,! .&')6-'6)#/4! 5&! *69! &.0&%;/.!#!/#!,.&*%0.)#/%J#-%80!P6.!&6./.!.&'#)!3)(2(-#,#!3()!/(&!:-%,(&!P6.!/%;.)#0!;#-'.)%#&! ,.!/#!-#2%,#,!()#/!3)(2(-#0,(!/#&!-#)%.&!,.0'#/.&4! ! [email protected]'%0#! 5&!60!'.Q%,(!*%0.)#/%J#,(4!"#!3)(,6-.0!/(&!2-2,125%'(12(!P6.!).2%&'.0!/#!-#2%,#,!36/3#)4!_(! ,.#).-.!#/!.)63-%(0#)!./!,%.0'.!3()!/(!P6.!&.!36.,.!).3#)#)!(!).7.0.)#4! "#!,.0'%0#!&.!-(0&'%'69.!.0!60%,#,.&!.&')6-'6)#/.&!P6.!&(0!/(&!145&%2(!-/,1*,'%/(4! ! ! ! 5&'#!1()*#,#!3()>! ƒ fbq!3()!-)%&'#/.&!,.!$%,)(C%#3#'%'#! ƒ ?dq!,.!*#'.)%#!()7:0%-#! ƒ ?Kq!,.!#76#! ! mV.*.0'(>! 5&!60!'.Q%,(!*%0.)#/%J#,(4! 5&'#!1()*#,(!3()>! ƒ ckq!3()!$%,)(C%#3#'%'#! ƒ KMq!,.!*#'.)%#!()7:0%-#! ƒ ?Kq!,.!#76#! 5/!-.*.0'(!-(0&'%'69.!60(!,.!/(&!'.Q%,(&!,.!&(&'+0!,./!,%.0'.4! ! =%&'.*#!,.!1%Q#-%80!,./!,%.0'.>! 5/! ,%.0'.! .&':! &6Q.'(! #/! $6.&(! #/2.(/#)! 3()! ./! 3.)%(,(0-%(! ,.! &6Q.-%80I! .&'.! .&':! 1()*#,(!3()!./!-.*.0'(!9!./!/%7#*.0'(!3.)%(,(0'#/4! 5/! /%7#*.0'(! 3.)%(,(0'#/! .&':! -(0&'%'6%,(! 3()! 1%;)#&! ,.! -(/:7.0(! 7)6.&#&! P6.! &.! ,%&3(0.0!.0!,%&'%0'#!,%).--%80!.&3#-%#/!P6.!P6.,#0!%0-/6%,#&!,.0')(!,.!/#!*#')%J!,./!-.*.0'(! 9!,.0')(!,./!$6.&(!#/2.(/#)4! "#&!1%;)#&!,./!/%7#*.0'(!3.)%(,(0'#/!#,.*:&!,.!&.)2%)!,.!1%Q#-%80!,./!,%.0'.!'#*;%+0! /.!,#0!-%.)'#!*(2%/%,#,!.0!./!#/2.(/(!,.0'#/I!/(!-6#/!.2%'#!')#6*#'%&*(4!

5/!,%.0'.!P6.,#!60%,(!#!/#!.0-<#!#!')#2+&!,.!/#!60%80!.3%'./%#/!P6.!&.)<#!/#!60%80!,.!/#! *6-(&#!,.!/#!.0-<#!-(0!./!.&*#/'.!,.0'#/!#!/#!#/'6)#!,./!-6.//(I!,.!.&'#!1()*#!/#!.0-<#!-(0!&6! 60%80!.3%'./%#/!&.!1()*#!./!3.)%(,(0-%(!,.!3)('.--%804! ! m#2,)/<12(>! ƒ ;%&%,'()*+,")'>!.&!/#!3#)'.!,./!,%.0'.!P6.!&(;).&#/.!3()!16.)#!,./!;(),.!,.!/#!.0-<#! E/(!P6.!3(,.*(&!2.)A4!B6.)#!,./!;(),.!7%07%2#/4! ƒ ;%&%,'(','$A.")'>!!3#)'.!,./!,%.0'.!).-6;%.)'#!3()!.&*#/'.4!X#)'.!,./!,%.0'.!P6.! .&':!3()!16.)#!,.!/#!/<0.#!-.)2%-#/!E#60P6.!.&':!,.0')(!,.!/#!.0-<#A! F!2.-.&!/#!-()(0#!-/<0%-#!9!/#!#0#'8*%-#!-(%0-%,.0! ƒ 4'+c()*+,")'>!!.&':!,.0')(!,./!;(),.!7%07%2#/! ƒ 4'+c(','$A.")'>!5&':!).-6;%.)'#!3()!-.*.0'(4!Y#!,.&,.!/#!)#<J!$#&'#!./!:3%-.4! ! B#&.&!,.!,.&#))(//(!,./!,%.0'.>! 5C%&'.0!,(&!,.0'%-%(0.&>! ƒ @.0'%-%80! -#,6-#! (! '.*3()#/>! 5&':! -(0&'%'6%,#! 3()! Kb! 3%.J#&! ,.0'#)%#&I! .0! -#,#! $.*%#)-#,#!$#9>! o K!%0-%&%2(&! o ?!-#0%0(! o K!3).*(/#).&! ƒ @.0'%-%80! 3.)*#0.0'.>! 5&'#! -(0&'%'6%,#! 3()! MK! 3%.J#&! ,.0'#)%#&I! .0! -#,#! $.*%#)-#,#!$#9>! o K!%0-%&%2(&! o ?!-#0%0(! o ?!3).*(/#)! o M!*(/#).&4! ! V6#0,(! &.! ,.&#))(//#0! /(&! ,%.0'.&! '.*3()#/.&! #/! *%&*(! '%.*3(! &.! ,.&#))(//#0! /(&! ,%.0'.&! 3.)*#0.0'.&! (! ,.1%0%'%2(&I! 9! /#&! 3%.J#&! '.*3()#/.&! 2#0! &%.0,(! &6&'%'6%,#&! 3()! /#&! 3.)*#0.0'.&! V#,#!3%.J#!3.)*#0.-.!(-63#0,(!./!.&3#-%(!,.!/#&!'.*3()#/.&I!.C-.3'(!/(&!M!*(/#).&! 3.)*#0.0'.&!P6.!&6)7.0!3()!,.'):&!,.!/(&!*(/#).&!-#,6-(&4! 50!/#!1()*#-%80!,.!/(&!'.Q%,(&!,.0'#)%(&!3#)'%-%3#0!K!'.Q%,(&!7.)*%0#'%2(&!(!.*;)%(0#)%(&! P6.!&(0>! o 5-'(,.)*(>!,#!()%7.0!#/!.&*#/'.! o L.&(,.)*(>! ,#! ()%7.0! #/! ).&'(! ,.! '.Q%,(&! ,.0'#)%(&! -(*(! ,.0'%0#I! -.*.0'(I! 36/3#I! /%7#*.0'(!3.)%(,(0'#/! ! "#!1()*#-%80!,./!,%.0'.!-(0&%&'.!.0!./!-).-%*%.0'(!,./!.-'(,.)*(!$#-%#!/#!3)(160,%,#,! ,./!*.&(,.)*(I!#&
! V#,#!9.*#!,#!/67#)!#!60#!3%.J#!,.0'#)%#!'.*3()#/!3()!/(!P6.!$#;):!?b!&63.)%().&!9!?b! %01.)%().&4!! ! ! 5&'#&!9.*#&!3)(/%1.)#0!9!3)(160,%J#0!$#-%#!./!*.&(,.)*(I!$#&'#!#,(3'#)!/#!1()*#!,.! -#*3#0#!%02.)'%,#4!"#!1()*#!,.!/#!-#*3#0#!&.!-(*3/.'#!/#!#!/#&!(-$(!&.*#0#&!9!#!3#)'%)!,.! #P6%&.')"A,(@0(*'(&'+c]((

! 50!/(!P6.!&.!-(02.)'%):!.0!/#!J(0#!-.)2%-#/!,./!,%.0'.I!E/#!-#3#!,.!#*./(;/#&'(&!.&':! .0!-(0'%06%,#,!-(0!./!.3%'./%(!.C'.)0(!,./!.&*#/'.4!F!3#)'%)!,.!.&'#&!-+/6/#&!P6.!&.!&%'G#0!.0! .&'#! J(0#IAI! &.! 2#! #! 1()*#)! 60! '6;(! $6.-(! ,.! -+/6/#&! .3%'./%#/.&I! P6.! 2#0! -).-%.0,(! 9! 3)(160,%J#0,(!.0!./!.&3.&()!,./!&#-(!,.0'#/4!! ! F! .&'.! '6;(! ,./%*%'#,(! 3()! /#&! -+/6/#&! .3%'./%#/.&! &.! /.! //#*#! G'",'( &'@")?*'&( @0( !'&$e"B4!X#)#!P6.!+&'#!36.,#!3)(160,%J#)I!P6.!.&!0.-.&#)%(!P6.!-(*%.0-.!/#!.)63-%80!,.!/#! -()(0#!,./!&#-(!,.0'#/4!! "#&! -+/6/#&! ,.! /#! 2#%0#! )#,%-6/#)I! .0! &6! 2.)'%.0'.! %0'.)0#I! %0,6-.0! &(;).! ./! *.&+0P6%*#! ,./! &6)-(! ,.0'#/! /#! ,%1.).0-%#-%80! $#-%#! 60#! -#3#! ,.! (,(0'(;/#&'(&! P6.! -(*%.0J#0!#!3)(,6-%)!,.0'%0#4!! ! V6#0,(!&.!,.3(&%'#0!/#&!3)%*.)#&!-#3#&!,.!,.0'%0#I!/#!2#%0#!-(*%.0J#!#!,.&%0'.7)#)&.! 36,%.0,(!P6.,#)!).&'(&!.3%'./%#/.&!P6.!&.!,.0(*%0#0!&0#$%#(@0(7'*'##0c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

515=S5/f=2393(

5&!./!3)(-.&(!3()!./!P6.!&.!1()*#0!/#!,.0'%0#4!V(0&'#!,.!').&!1#&.&>!! ! >%&.')"A,(@0(*'(.'$&"cI(( "#! ,.0'%0#! &.! .0-6.0')#! 3)(,6-%,#! 3()! /(&! (,(0'(;/#&'(&! P6.! &(0! -+/6/#&! -%/<0,)%-#&! -#)#-'.)%J#,#&! 3()P6.! ./! 0G-/.(! '%.0.! 60#! /(-#/%J#-%80! ;#&#/I! 3()! .0-%*#! $#9! #;60,#0'.! ).'<-6/(!.0,(3/:&*%-(!)67(&(!9!#3#)#'(!,.!h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cI(( "#!*#,6)#-%80!,.!/#!,.0'%0#!-(0&%&'.!.0!./!.0)%P6.-%*%.0'(!,.!-(/:7.0(4!! !

7",0&'*"c')"A,(@0(*'(.'$&"cI(( V6#0,(! /#! ,.0'%0#! .&! )%-#! .0! -(/:7.0(I! /#! ,.0'%0#! *:&! *#,6)#! P6.! .&! /#! P6.! &.! &%'G#! *:&! -.)-#!,./!/<*%'.!-(0!/(&!#*./(;/#&'(&I!&.!.0)%P6.-.!,.!-#/-%(!9!18&1()(!3#)#!-#/-%1%-#)&.4!5&'(! '#*;%+0!/(!3)(,6-.0!/(&!(,(0'(;/#&'(&4!! 5/! /<*%'.! .0').! /#! ,.0'%0#! -#/-%1%-#,#! 9! /#! 0(! -#/-%1%-#,#! &.! //#*#! E&0,$0( @0( )'*)"E")')"A,4! V6#0,(!&.!'.)*%0#!/#!*#,6)#-%80!,.!/#!,.0'%0#!&.!1%0#/%J#!/#!-#/-%1%-#-%804! ! ( -7265/f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h(/7%4!! ! 5*%'.0! 60#&! 3)(9.--%(0.&! -%'(3/#&*:'%-#&! P6.! %0,6-.0! &(;).! /#! 3#3%/#! ,.0'#/! /#! ,%1.).0-%#-%80!,.!/(&!(,(0'(;/#&'(&4!! ! Q]R-.0*%C*'#$%( \%G0,>! .0! /#! P6.! +&'.! #6*.0'(! ,.! '#*#[(! ')#0&1()*:0,(&.! .0! 60#! -+/6/#! -%/<0,)%-#!*:&!#/'#I!.0!/#!P6.!./!0G-/.(!&.!&%'G#!.0!./!3(/(!#3%-#/!9!#6*.0'#!'#*;%+0!./!).'<-6/(! .0,(3/:&*%-(I!./!#3#)#'(!,.!h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

h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`!! M]R>'#0(F&0&?F$"G'`!P6.!%0-/6%):!'(,(&!/(&!3)(-.&(&!2%&'(&!$#&'#!#$()#!3#)#!/#!1()*#-%80!,.! /#!-()(0#4!! Q]R>'#0(0&?F$"G'`!/#!-()(0#!&#/.!#/!.C'.)%()!9!-(*%.0J#!/#!1()*#-%80!,.!/#!)#<J4!! U]R>'#0(E?,)"%,'*`!-#*;%(&!P6.!&61).!/#!3%.J#!3#)#!-(0&.76%)!/#!(-/6&%804!! ! ! 6'(0&?F)"A,(0(!&.!-(0(-.!*69!;%.0!-8*(!&.!3)(,6-.!3.)(!$#9!,%2.)&#&!$%38'.&%&!9! /#! P6.! *:&! -(02.0-.! .&! P6.! &.#! ,.;%,(! #! -#*;%(&! 2#&-6/#).&! 9! ,.! 3).&%80! .0! '.Q%,(&! 3.)%(,(0'#/.&4!!

! F!*.,%,#!P6.!,%.0'.&!.*36Q#0!#/!.C'.)%()I!/#&!-+/6/#&!,./!.3%'./%(!).,(0,(!,./!.&*#/'.! /%;.)#0!.0J%*#&!P6.!2#0!,.&')69.0,(!./!'.Q%,(!-(0Q60'%2(!,.!/#!.0-<#4!]#*;%+0!&.!,.&')69.! 3()P6.! ./! ,%.0'.! #/! &.)! .*36Q#,(! #/! .C'.)%()! -(*3)%*.! #/! '.Q%,(! 3)(,6-%.0,(! 1.08*.0(&! %&P6+*%-(&!9!0.-)(&%&4!! ! B%0#/*.0'.I!./!.3%'./%(!).,6-%,(!&.!16&%(0#0!-(0!./!()#/!,.!1()*#!P6.!./!,%.0'.!&#/.!#! ')#2+&!,.!60#!2<#!).2.&'%,#!3()!./!.3%'./%(4!F/!1%0#/!./!.3%'./%(I!P6.!).-6;).!/#!&63.)1%-%.!,.!/#! -()(0#I! ,.7.0.)#I! P6.,#0,(! 60#! -6'<-6/#! *%.0')#&! P6.! ./! .3%'./%(! ,.! /#! .0-<#! 3.)*#0.-.! 60%,(!#/!,%.0'.!#!0%2./!,.!/#!*+,0'()0&G")'*4!F&!! x V(0! /#! .)63-%80! ,.! /(&! 3)%*.)(&! *(/#).&! $#-%#! /(&! &.%&! #[(&! 3()! .&'(! &.! ,.0(*%0#0! /(&! *(/#).&! ,.! /(&! &.%&! #[(&4! X)%*.)(! .)63-%(0#! ./! *#0,%;6/#)I! &.76%,(!,./!*#C%/#)4!! x cmf!#[(&I!%0-%&%2(!-.0')#/!*#0,%;6/#)4!! x fmd!#[(&I!%0-%&%2(!-.0')#/!*#C%/#)!9!/#'.)#/!*#0,%;6/#)4!! x dmn!#[(&I!%0-%&%2(!/#'.)#/!*#C%/#)4!! x nm?b!#[(&!-#0%0(!*#0,%;6/#)4!! x ?bm??!#[(&I!3)%*.)!3).*(/#)!*#C%/#)4!! x ?bm??!#[(&I!&.760,(!3).*(/#)!*#C%/#)!9!3)%*.)!3).*(/#)!*#0,%;6/#)4!! x ??m?K!#[(&I!&.760,(!3).*(/#)!*#0,%;6/#)!9!V#*%0(!*#C%/#)4!! x ?Km?M! #[(&I! &.760,(! *(/#)! *#C%/#)I! P6.! &.! ,.0(*%0#! *(/#)! ,.! /(&! ,(-.! #[(&4!! x "#&!*6./#&!,./!Q6%-%(!&6)7.0!$#-%#!/(&!,%.-%&%.'.!#[(&!.0!/#&!3.)&(0#&!P6.!/.&! .*.)7.0!#60P6.!36.,.0!#3#).-.)!#!.,#,.&!*69!&63.)%().&4!

( 393S27-3(12(912=S9>9;-;9:=(12(653(192=S23(( L,"G0&#'*( %( '.0&")',%>! &.! 0(*;)#0! 06*.)#/*.0'.! ,./! ?mMKI! .*3.J#0,(! ,.! ,.).-$#! #! %JP6%.),#!9!,.!#))%;#!#!#;#Q(4!"#&!3%.J#&!'.*3()#/.&!&.!0(*;)#0!-(0!/#&!/.')#&!Fm]!! ! Y'*.0&>! &.! 6'%/%J#0! -6#,)#0'.&I! 9! -#,#! -6#,)#0'.! .&! 60#! $.*%#)-#,#! '#/! -(*(! /#! ,./! .C3/()#,()!1).0'.!#/!3#-%.0'.4!! x "#&! 3%.J#&! ,.1%0%'%2#&! &.! .06*.)#0! ,./! ?md! .*3.J#0,(! 3()! /#! 3%.J#! *:&! -.0')#/!,./!-6#,)#0'.4!! x "#&! 3%.J#&! '.*3()#/.&! &.! 0(*;)#0! -(0! /#&! /.')#&! #m.! 9! ./! &<*;(/(! ,./! -6#,)#0'.!-()).&3(0,%.0'.4!! ! >19>! &.! 6'%/%J#0! ,(&! ,<7%'(&4! 5/! 3)%*.)(! $#-.! ).1.).0-%#! #! /#! $.*%#)-#,#! (! -6#,)#0'.! 9! ./! &.760,(!#!/#!3%.J#!,.0'#)%#!P6.!&.!0(*;)#!,.&,.!%0-%&%2(&!#!*(/#).&4!! x 50!/#&!3%.J#&!'.*3()#/.&!&.!6'%/%J#0!/(&!-6#,)#0'.&!kmd!9!3#)#)!/(&!,%.0'.&!/(&! 0G*.)(&!?mk4!! x 50! /#&! 3%.J#&! 3.)*#0.0'.&! &.! 6'%/%J#0! 3#)#! /(&! -6#,)#0'.&! ?mN! 9! 3#)#! /(&! ,%.0'.&!/(&!0G*.)(&!?md4!! ! ( =572;6-SL4-(( 50!60#!3%.J#!&.!36.,.!,.&-)%;%)>!! ;%&%,'`!! R;'&'(0D$0&,'I!P6.!&.!//#*#0!-#)#!G0#$"C?*'&0#!(!/#;%#/.&!.0!/(&!,%.0'.&!#0'.)%().&!9!;6-#/!.0! /(&!3(&'.)%().&4!! ( R;'&'(",$0&,'I!*%)#!$#-%#!/#!/.076#!(!$#-%#!./!3#/#,#)!,.!*#0.)#!P6.!&.!36.,.!//#*#)!/%076#/! .0!/#!*#0,<;6/#!9!3#/#'%0#!.0!/#!*#C%/#)4!! ! m=63.)1%-%.! .0! P6.! &.! (3(0.! 1).0'.! #! 1).0'.! &.! ,.0(*%0#0! ",$0&F&%D".'*0#! ,.! 1()*#! P6.! '.0.*(&!60#!-#)#!*:&!-.)-#0#!#!/#!/<0.#!*.,%#!,.!/#!;(-#!P6.!.&!/#!-#)#!.0@"'*I!9!60#!-#)#! *:&!#/.Q#,#!P6.!.&!/#!-#)#!@"#$'*4!"#!-#)#!*.,%#/!,.!60!,%.0'.!0()*#/!.&'#):!3.7#0,(!-(0!/#! -#)#!,%&'#/!,./!,%.0'.!#0'.)%()!&%.0,(!/#!G0%-#!.C-.3-%80!/(&!%0-%&%2(&!-69#&!-#)#&!*.,%#/.&!&.! 60.04!! ! R3?F0&E")"0(.'#$")'$%&"'>!&(0!/#&!&63.)1%-%.&!P6.!(-/69.04!! x 50!/(&!,%.0'.&!#0'.)%().&!&.!//#*#0!C%&@0(",)"#'*(9!.&!./!;(),.!-()'#0'.4!! x 50!/(&!3(&'.)%().&!#!/#&!)'&'#(%)*?#'*0#((!&63.)1%-%.&!*#'%-#'()%#&4!! ! 4'+c`!! x "#!-#)#!2.&'%;6/#)I!/%076#/I!*.&%#/!9!,%&'#/!.&!%76#/!P6.!/#!-()(0#4!! x "#!)#<J!#-#;#!.0!60!2+)'%-.!P6.!.&!,./!HF0D!(!2+)'%-.4!! ! ! ! ! !

F/!,.&-)%;%)!/(&!#--%,.0'.&!*()1(/87%-(&!.&!G'%/!,%2%,%.)#!/#!-()(0#!9!)#<J!.0!'.)-%(&`!! x 1"G"#"A,(0,($0&)"%#(.0@"',$0(*+,0'#(T%&"c%,$'*0#I(( ƒ ;%&%,'>!! o ].)-%(!-.)2%-#/4!! o ].)-%(!*.,%(4!! o ].)-%(!%0-%&#/!6!(-/6&#/4!! ! ƒ 4'+c>!! o ].)-%(!-.)2%-#/!,.!/#!)#<J4!! o ].)-%(!*.,%(4!! o ].)-%(!#3%-#/4!! ! x 6+,0'#(G0&$")'*0#(O?0(@"#)?&&0,(0,(#0,$"@%(G0#$+C?*%R*",B?'*I(( ƒ ;%&%,'(P(&'+cI(( o ].)-%(!*.&%#/4!! o ].)-%(!*.,%(4!! o ].)-%(!,%&'#/4!! ! x 6+,0'#(G0&$")'*0#(O?0(@"#)?&&0,(0,(#0,$"@%(.0#"%R@"#$'*I(( ƒ ;%&%,'(P(&'+cI(( o ].)-%(!2.&'%;6/#)4!! o ].)-%(!*.,%(4!! o ].)-%(!/%076#/4!! ! ! ]#*;%+0! '.0.*(&! 60#! &.)%.! ,.! H,B?*%#>! 1()*#,(&! 3()! /#! -(01/6.0-%#! ,.! ,(&! -#)#&! -(0'%76#&!9!P6.!&.!,.&%70#0!.0!160-%80!,.!/#&!-#)#&!P6.!1()*.0!,%-$(!:076/(>!3()!.Q.*3/(! .0#%",)"#'*R%)*?#'*](1"#$%",)"#'*R%)*?#'*4! ! (

-;;912=S23(754>56:/9;53(( ;%&%,'>!!

RY&%$?C0&',)"'#I((

! ;W#F"@0#`! .&! 60#! J(0#! &(;).! ./.2#,#! -(0! 1()*#! ,.! 3%-(! 360'#! P6.! &.! (;&.)2#! .0! /#&! &63.)1%-%.&!(-/6&#/.&!,.!/(&!,%.0'.&!3(&'.)%().&!9!.0!./!;(),.!%0-%&#/!,.!/(&!-#0%0(&4!! "(&! 2+)'%-.&! P6.! -(01/69.0! .0! ./! 2+)'%-.I! &.! //#*#0! &0C%&@0#( %( )&0#$'#( )?#F+@0'#( 9! &(0! /<0.#&!P6.!&(;).&#/.0!,./!.&*#/'.4!! ! ;+,B?*%`!.&!60#!#;6/'#*%.0'(!P6.!&.!.0-6.0')#!.0!./!'.)-%(!-.)2%-#/!,.!/#!&63.)1%-%.!/%076#/!,.! /(&!,%.0'.&!#0'.)%().&4!! ! 40C%&@0(G0#$"C?*'&`!/#!J(0#!&(;).!./.2#,#I!/(07%'6,%0#/I!P6.!&.!.C'%.0,.!.0!&.0'%,(!-+)2%-(m (-/6&#/! 9! P6.! .&':! 3).&.0'.! .0! -#0%0(&! 9! 3).*(/#).&! &%.0,(! *:&! //#*#'%2(! .0! /(&! 3)%*.)(&! 3).*(/#).&!P6.!.0!./!&.760,(4!! !

40C%&@0()0&G")'*`!J(0#!&(;).!./.2#,#I!/(07%'6,%0#/I!P6.!&.!.C'%.0,.!.0!&.0'%,(!*.&%(m,%&'#/! .0! ./! '.)-%(! -.)2%-#/! ,.! /#! &63.)1%-%.! 2.&'%;6/#)! ,.! /(&! ,%.0'.&! '.*3()#/.&! 9! *(/#).&! 3.)*#0.0'.&4!! ! 40C%&@0( %C*")?%`! &8/(! &.! (;&.)2#! .0! /(&! 3)%*.)(&! *(/#).&! *#C%/#).&! 3.)*#0.0'.&4! 50! /#! &63.)1%-%.!(-/6&#/4!Y#!,.&,.!/#!-G&3%,.!*.,%(m/%076#/!$#&'#!/#!,%&'(m2.&'%;6/#)4!=.!1()*#!3()!/#! 16&%80!,.!-).&'#&!')%#076/#).&!,.!#*;#&!-G&3%,.&4!! ! 40C%&@0( $&',#G0&#%`! &.! (;&.)2#0! /(&! *(/#).&! 9! 60.0! .0! &.0'%,(! 2.&'<;6/(m/%076#/! #! /#&! -G&3%,.&!.0').!&! &(0! ,%&3(&%-%(0.&! /%0.#/.&I! 3)(160,#&! 9! P6.! .&':0! &.3#)#0,(! /(&! /8;6/(&! ,.! ,.&#))(//(! ,.! 60#! 3%.J#! ,.0'#)%#! (! .&':0! &.3#)#0,(! 3#)'.&! %*3()'#0'.&! ,.! 60#! 3%.J#4!! ! 3?&)%#(#?F*0.0,$'&"%#`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c>!! "(&!,%.0'.&!36.,.0!'.0.)!60!0G*.)(!2#)%#;/.!,.!)#<-.&>!! ƒ L,"&'@")?*'&`!&(0!/(&!,%.0'.&!#0'.)%().&!9!/(&!3).*(/#).&!*#0,%;6/#).&4!]#*;%+0!./! &.760,(!3).*(/#)!*#C%/#)4!! ƒ 1%#(&'+)0#`!*(/#).&!*#0,%;6/#).&!9!3)%*.)!3).*(/#)!*#C%/#)4!! ƒ S&0#(&'+)0#`!*(/#).&!*#C%/#).&4!! ! ! 50!/(&!,%.0'.&!*6/'%)#,%-6/#).&!$#9!P6.!,%&'%076%)!./!$&%,)%(&'@")?*'&(P6.!.&'#!3#)'.! 0(!,%2%,%,#!,.!/#!3#)'.!,%2%,%,#!P6.!&.!,.0(*%0#!&0B"A,(E?&)'@'4!! "#!E?&)')"A,!.&!./!360'(!,.!,%2%&%80!,.!/#!)#<J! ! ! ! 9=;939J53(( 50!/#!;(-#!'.0.*(&!N!%0-%&%2(&!3()!#)-#,#`!,(&!-.0')#/.&!9!,(&!/#'.)#/.&!.0!-#,#!60#4!!

"(&!%0-%&%2(&!'%.0.0!,%1.).0'.&!160-%(0.&`!#&
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

R;'&'(G0#$"C?*'&a(( x x x

!

5&!./!,%.0'.!P6.!'%.0.!/#!-()(0#!*:&!/#)7#4!! 5&!./!,%.0'.!P6.!'%.0.!/#!-()(0#!*:&!#0-$#4!! 5/! ;(),.! %0-%&#/! .&':! /%7.)#*.0'.! %0-/%0#,(! $#-%#! ,%&'#/! 3()P6.! ./! -(0'()0(! ,%&'#/!,.!/#!-()(0#!.&!*:&!-(02.C(!P6.!./!-(0'()0(!*.&%#/4!! x 5/!:076/(!*.&%(m%0-%&#/!.&!-()).-'(!9!./!,%&'(m%0-%&#/!.&!*:&!).,(0,.#,(4!! x "#!)#<J!.&!*:&!/#)7#!P6.!/#!-()(0#4!! x 50! ./! '.)-%(! -.)2%-#/! ,.! /#! )#<J! .&':! ./! #)-(! .0! ./! P6.! ./! :076/(! 2.&'<;6/(m /%076#/!.&!%76#/!#/!*.&%#/m,%&'#/4!!

R;'&'(*",B?'*`!! x x x

!

X).&.0'#!60!-<076/(!,.&-.0')#,(!$#-%#!,%&'#/4!! 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!/#)7(!P6.!./!,%&'#/4!! "#!)#<J!'%.0.!60#!,.3).&%80!.0!./!'.)-%(!*.,%(4!!

R;'&'(F&%D".'*a(( x

5/!;(),.!%0-%&#/!.&':!.0!/<0.#!-(0!./!.Q.!,.!/#!)#<J!(!,.&2%#,(!$#-%#!2.&'%;6/#)4!!

!

R8%&@0(",)"#'*a(( x

@.&,.!/#!2%&%80!%0-%&#/!'%.0.!1()*#!')%#076/#)!.0!/#!P6.!/#!;#&.!-(0')%;69.!./! -(0'()0(!2.&'%;6/#)!9!/(&!/#,(&!9!./!2+)'%-.!#/!-(0'()0(!/%076#/4!! x 5/!,%:*.')(!*.&%(m,%&'#/!.&!*#9()!P6.!2.&'<;6/(m/%076#/!! x ]#*;%+0! &.! 2.! ./! -<076/(! ,.&-.0')#,(! $#-%#! ,%&'#/! -(0! ./! ).;(),.! *#)7%0#/! *:&!/#)7(!P6.!./!,%&'#/4!! ! F!2.-.&!./!,%.0'.!3).&.0'#!60#!/%7.)#!'()&%80!$#-%#!/%076#/!,.!&6!:076/(!,%&'(m%0-%&#/4!

! ! 9,)"#"G%(*'$0&'*(#?F0&"%&](( R;'&'(G0#$"C?*'&>!! x =6!/(07%'6,!*.&%(m,%&'#/!.&!*.0()!P6.!/#!./!%0-%&%2(!-.0')#/I!3()!/(!'#0'(!.&! *:&!.&').-$#4!! x "#&!)#<-.&!&(0!*:&!/#)7#&!-(0!).&3.-'(!#!/#!-()(0#4!! x 5/!-(0'()0(!*.&%#/!,.!/#!-()(0#!.&!*:&!(!*.0(&!).-'(!9!./!,%&'#/!.&!;#&'#0'.! -(02.C(4!! x 5/!:076/(!*.&%(m%0-%&#/!.&!).-'(!9!./!,%&'(m%0-%&#/!).,(0,.#,(4!! x 5/!;(),.!%0-%&#/!.&':!*69!%0-/%0#,(!$#-%#!,%&'#/4!! x 50! /#! )#<JI! #! 0%2./! ,./! '.)-%(! -.)2%-#/I! ./! ,%:*.')(! *.&%(m,%&'#/! .&! %01.)%()! #/! 2.&'<;6/(m/%076#/4!! ! R;'&'(*",B?'*`!! x "#!1(&#!/%076#/!.&!*:&!3.P6.[#!P6.!.0!./!-.0')#/!3.)(!*:&!3)(160,#4!! x 5/!-<076/(!.&':!-.0')#,(4!! x 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!/#)7(!P6.!./!,%&'#/4!! ! R;'&'(F&%D".'*>!.&!%,+0'%-#!#!/#!-#)#!,./!%0-%&%2(!-.0')#/4!V()(0#!.0!-6[#I!,.!3).&%80!.0!/#! )#<JI!.'-444! ! "#! ,%1.).0-%#! .&':! .0! ./! '.)-%(! -.)2%-#/! ,(0,.! ./! @"H.0$&%( G0#$+C?*%R*",B?'*! .&! *#9()!P6.!./!*.&%(m,%&'#/4!! ! R8%&@0(",)"#'*`!! x "#!/(07%'6,!*.,%(m,%&'#/!.&!*#9()!P6.!/#!2.&'<;6/(m/%076#/4!! x 5/! -(0'()0(! ,.! /#! -()(0#! .&! *:&! ;%.0! ')%#076/#)! #60P6.! 0(! '#0! ,.1%0%,(! -(*(!.0!./!%0-%&%2(!-.0')#/4!! x 5/!-(0'()0(!2.&'%;6/#)!.&!*:&!3/#0(!P6.!/%076#/4!! x 5/!-<076/(!.&':!-.0')#,(!9!./!;(),.!%0-%&#/!.&!-()).-'(!E&%0!'()&%80A4!! !

1"E0&0,)"'#(0,$&0(*%#(",)"#"G%#()0,$&'*(#?F0&"%&(P(*'$0&'*](( x x x x x x x

F! 3.&#)! ,.! P6.! #*;(&! '%.0.0! -()(0#&! *:&! /#)7#&! 9! #0-$#&I! /(&! %0-%&%2(&! -.0')#/.&!&(0!*:&!-6#,)#,(&!9!/(&!/#'.)#/.&!*:&!).-'#076/#).&4!! "(&! :076/(&I! .0! ./! %0-%&%2(! /#'.)#/! &(*#! ).,(0,.#,(&! *%.0')#&! P6.! .0! ./! -.0')#/!./!*.&%(m%0-%&#/!.&!).-'(!9!./!,%&'(m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m,%&'#/!*#9()!P6.!2.&'<;6/(m/%076#/!&%.0,(! *:&!//#*#'%2(!.0!./!%0-%&%2(!-.0')#/4!!

x

50! ./! '.)-%(! -.)2%-#/! ,.! /#! )#<JI! ./! ,%:*.')(! *.&%(m,%&'#/! .&! *#9()! P6.! ./! 2.&'<;6/(m/%076#/! P6.! &(0! %,+0'%-(&! .0! ./! %0-%&%2(! -.0')#/! 9! .0! ./! /#'.)#/! .&! 2.&'<;6/(m/%076#/!*#9()!P6.!*.&%(m,%&'#/4!!

! 9,)"#"G%()0,$&'*(",E0&"%&](( 5&!./!,%.0'.!*:&!&%*+')%-(!,.!'(,(&4!! R2,( #?( )'&'( G0#$"C?*'&a! 3).&.0'#! 60#! &63.)1%-%.! /%! "(&! -(0'()0(&! *.&%#/! 9! ,%&'#/! &(0! ).-'(&4!! x "(&!:076/(&!*.&%(m%0-%&#/!9!,%&'(m%0-%&#/!&(0!).-'(&4!! x "#! &63.)1%-%.! ,.! -(0'#-'(! 3()! *.&%#/! 9! 3()! ,%&'#/! &.! &%'G#! #/! *%&*(! 0%2./I! #*;#&!-.)-#!,./!;(),.!%0-%&#/4!! x "#&!)#<-.&!&(0!*:&!/#)7#&!P6.!/#!-()(0#4!! x 5/!,%:*.')(!2.&'<;6/(m/%076#/!.&!*#9()!P6.!./!*.&%(m,%&'#/4!! x 5/!:3.C!&.!%0-/%0#!$#-%#!,%&'#/4!! x 5/! ,%:*.')(! *.&%(m,%&'#/! ,.! /#! -()(0#! .&! *.0()! P6.! /#! ,./! %0-%&%2(! -.0')#/! &63.)%()4!! ! R;'&'( *",B?'*`! '%.0.! 60#! &63.)1%-%.! /%&#! -(0! ./! :076/(! 3(-(! ,.&#))(//#,(! 9! -.0')#,(4! "(&! ).;(),.&!*#)7%0#/.&!9!/#!1(&#!/%076#/!-#&%!0(!&.!,%&'%076.04!! ! R;'&'(F&%D".'*`!! x X).&.0'#!./!;(),.!%0-%&#/I!#/!%76#/!P6.!./! /<0.#! -(0! ./! .Q.! ,.! /#! )#<J4! "#! /<0.#! -.)2%-#/!.&!*69!-(02.C#!#!/#!-()(0#!&(;).!'(,(!3()!*.&%#/4!! x "#!-).&'#!,.!/#!-6;%.)'#!'#0'(!3()!*.&%#/!-(*(!3()!,%&'#/!&.!&%'G#!.0!./!'.)-%(! -.)2%-#/4!! x 5/! -(0'()0(! /%076#/! ,.! /#! -()(0#! .&! -(02.C(! .0! ./! '.)-%(! -.)2%-#/! 9! &8/(! /%7.)#*.0'.!-80-#2(!.0!./!).&'(4!! x 50!/#!)#<J!$#9!,.3).&%(0.&!,.!,.&#))(//(!/(07%'6,%0#/*.0'.!'#0'(!3()!*.&%#/! -(*(!3()!,%&'#/4!! x ]%.0.0! 1()*#&! *69! 3/#0#&>! ./! ,%:*.')(! 2.&'<;6/(m/%076#/! .&! *6-$(! *6-$(! *#9()!P6.!./!*.&%(m,%&'#/!E&(;).!'(,(!.0!./!'.)-%(!-.)2%-#/!,.!/#!)#<J4A!! !

R2*(C%&@0(",)"#'*a(( x

5/! ,%:*.')(! 2.&'<;6/(m/%076#/! ,.! /#! -()(0#! .&! *#9()! P6.! ./! *.,%(m,%&'#/4! E.&'(!.&!#/!-(0')#)%(!P6.!.0!/(&!*#C%/#).&4A!! x ]%.0.0!60!-(0'()0(!*:&!;%.0!(2#/4!! x 5/!-<076/(!.&':!-.0')#,(!9!&.!2.!-(*(!60!,%.0'.!&%*+')%-(4!! ! ( ( 9,)"#"G%(*'$0&'*(",E0&"%&](( 5&!#/7(!*:&!7)#0,.!P6.!./!%0-%&%2(!-.0')#/!9!.&!*.0(&!&%*+')%-(4!! ! R;'&'(G0#$"C?*'&>!'%.0.!60#!&63.)1%-%.!*:&!;%.0!/%&#!P6.!&.!3#).-.!;#&'#0'.!#/!%0-%&%2(!-.0')#/! #60P6.!*.0(&!&%*+')%-(4!!

x x x

!

5/!-(0'()0(!*.&%#/!.&!).-'(!9!./!,%&'#/!.&!*:&!-(02.C(4!! "#!-()(0#I!.0!&6!'.)-%(!-.)2%-#/!.&':!/%7.)#*.0'.!%0-/%0#,#!$#-%#!,%&'#/4!! "#!&63.)1%-%.!,./!-(0,6-'(!*.&%#/!.&!*:&!%0-%&#/!P6.!/#!,%&'#/!3.)(!#*;#&!&.! &%'G#0!.0!./!'.)-%(!%0-%&#/4!! x 5/!:076/(!*.&%(m%0-%&#/!.&!).-'(!9!./!,%&'(m%0-%&#/!.&!*:&!).,(0,.#,(4!! x "#&! )#<-.&! '#*;%+0! &(0! *:&! /#)7#&! P6.! /#&! -()(0#&I! &(0! 3/#0#&! 9! -(0! 60! ,%:*.')(! 2.&'<;6/(m/%076#/! *6-$(! *#9()! P6.! *.&%(m,%&'#/! 9! &6! :3.C! 0(! &.! %0-/%0#!$#-%#!,%&'#/4!!

R;'&'(*",B?'*>!'#*;%+0!'%.0.!60#!:076/(I!3.)(!,.&2%#,(!$#-%#!,%&'#/!-(0!/#!1(&#!/%076#/!9!/(&!

).;(),.&!*#)7%0#/.&!3(-(!//#*#'%2(&4!! ! R;'&'(F&%D".'*>!.&!-#&%!%,+0'%-#!#!/#!-#)#!-.0')#/I!-(0!60!;(),.!%0-%&#/!/%7.)#*.0'.!.0!/<0.#! -(0!./!.Q.!,.!/#!)#<J4!! "#!-()(0#!'%.0.!60#!1()*#!,.!-6[#I!-(0!/#!-).&'#!,.!/#!-6)2#'6)#!2.&'<;6/(m/%076#/!&%'6#,#! .0!./!'.)-%(!-)#0.#/!9!-(0!,.3).&%(0.&!/%7.)#*.0'.!.0!./!'.)-%(!*.,%(!'#0'(!*.&%#/!-(*(! .0!,%&'#/!E.&'(!'#*;%+0!&.!,#!.0!./!-.0')#/4A!! !

R8%&@0(",)"#'*>! '#*;%+0! 3).&.0'#! 60! ,%:*.')(! 2.&'<;6/(m/%076#/! *#9()! P6.! *.&%(m,%&'#/! ,.! 1()*#!P6.!0(!&.!2.!60!,%.0'.!&%*+')%-(4!! 5/!:076/(!+&'#!,.&2%#,(!$#-%#!,%&'#/!$#;%.0,(!60#!'()&%80!,%&'(m/%076#/!,.!/(&!;(),.&! %0-%&#/.&!9!'(*#0,(!./!-(0'()0(!,.!/#!-()(0#!'#*;%+0!60#!1()*#!(2(%,.4!! !

1"E0&0,)"'#(0,$&0(*%#(",)"#"G%#(",E0&"%&0#()0,$&'*(P(*'$0&'*](( x x x

5/!-.0')#/!.&!&%*+')%-(!9!./!/#'.)#/!0(4!! 5/!,%:*.')(!*.&%(m,%&'#/!,./!-.0')#/!.&!*.0()!P6.!./!/#'.)#/4!! "#&!&63.)1%-%.&!,.!-(0'#-'(!*.&%#/!9!,%&'#/!.0!./!-.0')#/!.&':0!#/!*%&*(!0%2./! E.0! ./! ;(),.! %0-%&#/A! *%.0')#&! P6.! ./! /#'.)#/! 0(4! E,%&'#/! *:&! -.)2%-#/! P6.! *.&%#/A4!! x "#! -()(0#! .0! ./! /#'.)#/! .&':! /%7.)#*.0'.! %0-/%0#,#! $#-%#! ,%&'#/! .0! &6! '.)-%(! -.)2%-#/4!! x 5/!/#'.)#/!'%.0.!60#!'()&%80!,%&'(m/%076#/!,./!;(),.!%0-%&#/4!! x 50! ./! -.0')#/I! ./! -<076/(! .&':! -.0')#,(! *%.0')#&! P6.! .0! ./! /#'.)#/! &.! ,.&2<#! $#-%#!,%&'#/4! ( ( ( ( ( ( ;-=9=53!! ;'&')$0&+#$")'#(B0,0&'*0#](( ].0.*(&!,(&!-#0%0(&!&63.)%().&!9!,(&!-#*%0(&!%01.)%().&!60(!3()!$.*%#)-#,#4!! =6! 160-%80! -(0&%&'.! .0! ,.&7#))#)! /(&! #/%*.0'(&I! 3.)(! '#*;%+0! &%)2.0! ,.! &(3()'.! 3#)#! /(&! /#;%(&!9!-(*(!&(0!/#&!3%.J#&!-(0!/#!)#<J!*:&!/#)7#!&%.0,(!'#*;%+0!/#&!G/'%*#&!.0!,.#).-.)! &(0!*69!6'%/%J#,#&!-(*(!#0-/#Q.!,.!3)8'.&%&4!!

! ! =6! &63.)1%-%.! *.&%#/! &.! 3(0.! .0! -(0'#-'(! -(0! /#! ,%&'#/! ,./! %0-%&%2(! /#'.)#/! 9! &6! &63.)1%-%.!,%&'#/!-(0'#-'#!-(0!./!3)%*.)!3).*(/#)4!! ! 2,$&0(#?#(&'#B%#(@0()*'#0(.H#(0#F0)+E")%#I(( x @%.0'.&!-(0!)#<-.&!*:&!/#)7#&4!! x X).&.0'#0! 60#! -G&3%,.! .0! &6! &63.)1%-%.! %0-%&#/! P6.! &.! -#)#-'.)%J#! 3()P6.! ./! ;)#J(!-6&3<,.(I!(!2.)'%.0'.!-6&3<,.#I!*.&%#/!.&!*:&!-()'(!P6.!./!,%&'#/4!! x ]%.0.0!60#!-()(0#!3.0'#7(0#/!#/!2.)/#!3()!&6!-#)#!2.&'%;6/#)4!! x ]%.0.0!60!).;(),.!2.&'%;6/#)!//#*#'%2(4!! ! "#&!,.*:&!-#)#-'.)<&'%-#&!-(%0-%,.0!-(0!/(&!%0-%&%2(&>!! x "#!-()(0#I!.0!/#!-#)#!2.&'%;6/#)!&.!.&').-$#!$#-%#!./!-6.//(4!! x 5/! -(0'()0(! *.&%#/! ,.! /#! -()(0#! ,.&,.! /#! J(0#! ,.! -(0'#-'(! $#&'#! /#! /<0.#! -.)2%-#/!.&!*:&!;%.0!3/#0#!9!./!,%&'#/!.&!*:&!;%.0!-(02.C(4!! x "#!J(0#!,.!-(0'#-'(!*.&%#/!.&!*:&!%0-%&#/!P6.!/#!,%&'#/!3.)(!#*;#&!&.!&%'G#0! ./!'.)-%(!,%&'#/4!! x X()!/#!-#)#!2.&'%;6/#)!9!/%076#/I!/#!/<0.#!-.)2%-#/!.&!-(02.C#!$#-%#!/#!)#<J4!! ! x "#&! )#<-.&! 3).&.0'#0! .0! &6! '.)-%(! -.)2%-#/! *#9()! ,%:*.')(! 2.&'<;6/(m/%076#/! P6.!*.&%(m,%&'#/4!! x "#!)#<-.&!&.!.&').-$#0!$#-%#!/#!:3.C!P6.!&.!&6./.!%0-/%0#)&.!$#-%#!,%&'#/4!! ! R;'&'(*",B?'*>!! x X).&.0'#!./!-<076/(4!! x H.;(),.&!*#)7%0#/.&!P6.!-(02.)7.0!$#-%#!./!-<076/(!9!'#0'(!/#!-()(0#!-(*(! /#!)#<J!-(02.)7.0!,.!$#-%#!/%076#/4!! ! R;'&'(",$0&F&%D".'*0#>!/#&!-()(0#&!'%.0.0!1()*#!,.!-6[#4!! x "#!-).&'#!,.!/#!!!!!!!!!!!!!!!!'#0'(!3()!/%076#/!-(*(!3()!*.&%#/!&.!&%'G#!.0!./! '.)-%(!-.)2%-#/4!! x 5/!-(0'()0(!/%076#/!,.!/#!-()(0#!.&!-(02.C(!.0!./!'.)-%(!-.)2%-#/!9!-80-#2(! $#&'#!./!;(),.!%0-%&#/4!! x "#! /<0.#! -.)2%-#/! &.! %0-6)2#! $#-%#! /#! -()(0#! &%.0,(! .&'(! *:&! *#)-#,(! 3()! *.&%#/!P6.!3()!,%&'#/4!! x O#9!,.3).&%(0.&!/(07%'6,%0#/.&!.0!/#!)#<J!'#0'(!3()!*.&%#/!-(*(!3()!,%&'#/4!! x 5/! -(0'()0(! 2.&'%;6/#)! .&! *.0(&! -(02.C(! P6.! ./! /%076#/! #/! 2.)/(&! ,.&,.! ./! ;(),.!%0-%&#/4!! ! ;',",%(.'D"*'&]((

R;'&'(G0#$"C?*'&I(( x

O#9! 60! ).;(),.! 2.&'%;6/#)! 3)(*%0.0'.I! //#*#'%2(I! P6.! P6.,#! /%*%'#,(! #! /(&! ,(&!/#,(&!3()!,(&!,.3).&%(0.&`!60#!,.3).&%80!*.&%#/!9!(')#!,.3).&%80!,%&'#/4!! x "#!-G&3%,.!'%.0.!60!).;(),.!-6&3<,.(!*.&%#/!*:&!#/'(!P6.!,%&'#/4!!

x

5/! -(0'()0(! *.&%#/! .0! &6! '.)-%(! -.)2%-#/! .&! *:&! ;%.0! ).-'(! 9! ./! ,%&'#/! /%7.)#*.0'.!-80-#2(4!! x "#!&63.)1%-%.!,.!-(0'#-'(!*.&%#/!&.!&%'G#!.0!./!'.)-%(!%0-%&#/!9!/#!,%&'#/!.0!/#! 60%80!,./!'.)-%(!*.,%(!-(0!./!'.)-%(!%0-%&#/4!! x "#!-G&3%,.!.&!#76,#!-(0!60#!:076/(!,.!?bke4!! x "#!-()(0#&!*:&!/#)7#!P6.!#0-$#4!! !

R;'&'(*",B?'*a(( x

=.!(;&.)2#!60!-<076/(!*69!,.&#))(//#,(!9!-.0')#,(I!P6.!&.!-(0'%0G#!$#&'#!./! 2+)'%-.!,.!/#!-G&3%,.!-(0!./!).;(),.!/%076#/!9!P6.!,%2%,.!#!/#!1(&#!/%076#/!.0! ,(&`!60#!*.&%#/!9!(')#!,%&'#/4!! x "(&!).;(),.&!*#)7%0#/.&!-(02.)7.0!$#-%#!./!-<076/(!9!.&!*:&!/#)7(!./!).;(),.! *.&%#/!P6.!./!,%&'#/4!! x ]#0'(!/#!-()(0#!-(*(!/#!)#<J!-(02.)7.0!$#-%#!/%076#/4!! !

R;'&'(",$0&F&%D".'*a(( x x

!!

"#!-()(0#!'%.0.!1()*#!,.!-6[#!-(0!/#!-G&3%,.!2(/6*%0(!! "#!-).&'#!,.!/#!-6)2#'6)#!'#0'(!3()!2.&'%;6/#)!-(*(!3()!/%076#/!&.!&%'G#!.0!./! '.)-%(!-.)2%-#/4!! x "#! /<0.#! -.)2%-#/! &.! %0-6)2#! $#-%#! /#! -()(0#! &%.0,(! .&'(! *:&! //#*#'%2(! .0! *.&%#/!P6.!.0!,%&'#/4!! x 50! ./! '.)-%(! -.)2%-#/I! ./! ,%:*.')(! 2.&'<;6/(m/%076#/! .&! *#9()! P6.! ./! *.&%(m ,%&'#/4!! x O#9!,.3).&%(0.&!/(07%'6,%0#/.&!.0!/#!)#<J!'#0'(!3()!*.&%#/!-(*(!3()!,%&'#/4! 5/!2+)'%-.!,.!/#!-G&3%,.!.&!2.&'%;6/#)!(!.&':!.0!/<0.#!-(0!./!.Q.!,.!/#!)#<J4!!

R;'&'(",)"#'*I(( x x

=.!2.!./!2+)'%-.!,.!/#!-G&3%,.!/%7.)#*.0'.!,.&3/#J#,(!$#-%#!*.&%#/4!! 5/!-(0'()0(!2.&'%;6/#)!.&!-(02.C(!.0!&6!*%'#,!*.&%#/!3.)(!/#!*%'#,!,%&'#/!.&! /%7.)#*.0'.!-80-#2(4!E-(*(!&%!.&'62%.&.!3.//%J-#,(4A!! x 5/! -<076/(! .&':! -.0')#,(! 9! #$
R;'&'(G0#$"C?*'&a(( x x x x x

]%.0.!60#!-()(0#!-(0!60!,%:*.')(!*.&%(m,%&'#/!*.0()!P6.!./!-#0%0(!*#C%/#)I! 3.)(!./!,%:*.')(!-+)2%-(m%0-%&#/!.&!*#9()!P6.!./!,./!-#0%0(!*#C%/#)4!! ]%.0.!60!).;(),.!2.&'%;6/#)!*.0(&!3)(*%0.0'.4!! "#!-G&3%,.!1()*#!60!:076/(!P6.!.&!(;'6&(!,.!?Kbe4!! 5/!).;(),.!-6&3<,.(!*.&%#/!.&!*:&!-()'(!P6.!./!,%&'#/4!! "#!-()(0#!.&':!%0-/%0#,#!$#-%#!,%&'#/!.0!&6!'.)-%(!-.)2%-#/4!5&'(!$#-.!P6.!./! -(0'()0(!*.&%#/!,.!/#!)#<J!.&'+!.0!/<0.#!-(0!./!-(0'()0(!*.&%#/!,.!/#!-()(0#4!!

x

"#! &63.)1%-%.! ,.! -(0'#-'(! *.&%#/! .&! *:&! %0-%&#/! P6.! /#! ,%&'#/! E#*;#&! .0! ./! '.)-%(!%0-%&#/A!! x "#! )#%J! .&! *:&! -()'#! P6.! /#! ,./! -#0%0(! *#C%/#)! 9! .0! &6! '.)-%(! -.)2%-#/! ./! ,%:*.')(!2.&'<;6/(m/%076#/!.&!*#9()!P6.!./!*.&%(m,%&'#/4!! x 5/!:3.C!.&!*:&!;%.0!).-'(4!E.0!-#&(!,.!.&'#)!%0-/%0#,(!/(!$#-.!$#-%#!,%&'#/4A!! !

R;'&'(*",B?'*a(( x

!

5/! -<076/(! .&':! *.0(&! ,.&#))(//#,(! .0! ./! -#0%0(! *#C%/#)! 9! &.! .0-6.0')#! ,.&-.0')#,(!$#-%#!,%&'#/4!! x 5/!).;(),.!/%076#/!9!/#&!1(&#&!/%076#/.&!.&':0!*69!3(-(!,.&#))(//#,#&4!! x "(&!).;(),.&!*#)7%0#/.&!'#*;%+0!.&':0!3(-(!,.&#))(//#,(&4!@.!/(&!).;(),.&! P6.!&.!2.0I!./!*:&!,.&#))(//#,(!.&!./!*#)7%0#/!,%&'#/4!!

R;'&'(F&%D".'*a(( x

!

5&!%76#/I!3.)(!./!2+)'%-.!,.!/#!-G&3%,.!.&!/%076#/!(!.&':!.0!/<0.#!-(0!./!.Q.!,.!/#! )#<J4!! x "#&! ,.3).&%(0.&! /(07%'6,%0#/.&! .&':0! 3).&.0'.&! .0! /#! -#)#! *.&%#/! 9! ,%&'#/I! &%.0,(!/#!*:&!3)(160,#!/#!,%&'#/4!!

R;'&'(",)"#'*a(( x x x x x

5&! %76#/! P6.! .0! ./! *#C%/#)! -(0! ./! ,%:*.')(! ,.! /#! -()(0#! 2.&'<;6/(m/%076#/! *#9()! P6.! ./! *.&%(m,%&'#/I! 3.)(! .&! 60! ,%.0'.! *:&! &%*+')%-(! P6.! ./! -#0%0(! *#C%/#)4!! 5/!-(0'()0(!2.&'%;6/#)!.&!*.0(&!-(02.C(!P6.!/%076#/4!! 5/!-<076/(!&.!,.&2<#!$#-%#!,%&'#/4!! 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!/#)7(!P6.!./!,%&'#/4!! 5/! ;(),.! %0-%&#/! 3).&.0'#! 60#! /%7.)#! '()&%80! ,%&'(! /%076#/! P6.! 0(&! 3.)*%'.! ,%1.).0-%#)!/(&!%JP6%.),(&!,.!/(&!,.).-$(&4!!

! 4'#B%#(@0('&)'@'](( x 5/!-#0%0(!*#0,%;6/#)!.&!*:&!.&').-$(!9!*:&!/#)7(!P6.!./!*#C%/#)4!! x 5/!).;(),.!2.&'%;6/#)!9!./!-<076/(I!&(0!*:&!//#*#'%2(&!.0!./!*#C%/#)!P6.!.0!./! *#0,%;6/#)4!! x 5/!-<076/(!&.!.0-6.0')#!-.0')#,(!.0!./!*#C%/#)!9!,.&2%#,(!$#-%#!,%&'#/!.0!./! *#0,%;6/#)4!! x "#&! -G&3%,.&! .0! ./! *#C%/#)! &(0! #76,#&! *%.0')#&! P6.! .0! ./! *#0,%;6/#)! &(0! (;'6&#&4!! x "(&!).;(),.&!*#)7%0#/.&!*:&!,.&#))(//#,(&!&.!.0-6.0')#0!.0!./!*#C%/#)!9!.0! ./!*#0,%;6/#)!*.0(&4!! x 5/! ;(),.! %0-%&#/! *#C%/#)! '%.0.! 60(&! /<*%'.&! -()).-'(&! *%.0')#&! P6.! .0! ./! *#0,%;6/#)!3).&.0'#!60#!'()&%80!,%&'(m/%076#/4!! x O#9! *#9()! -(02.)7.0-%#! ,.! -()(0#! 9! )#<J! .0! /(&! *#C%/#).&! P6.! .0! /(&! *#0,%;6/#).&4!! x 5/!2+)'%-.!,.!/#!-G&3%,.!.&!2.&'%;6/#)!#/!.Q.!,.!/#!)#<J!,./!*#C%/#)!9!/%076#/!.0! ./!*#0,%;6/#)4!!

x

5/!*#C%/#)I!.0!/#!*%'#,!,%&'#/!,.!/#!-()(0#!3).&.0'#!60#!&63.)1%-%.!2.&'%;6/#)! ,.3)%*%,#!*%.0')#&!P6.!./!*#0,%;6/#)!0(4!! x 5/!-(0'()0(!*.&%#/!,.!/#!)#<J!.0!*#0,%;6/#)!3):-'%-#*.0'.!.&':!.0!/<0.#!-(0! ./!-(0'()0(!*.&%#/!,.!/#!-()(0#!*%.0')#&!P6.!.0!*#C%/#)!0(4!! ! Y42756-423(( x ].0.*(&!-6#')(!3).*(/#).&!3()!#)-#,#4!! x =.!&%'G#0!,%&'#/!#!/(&!-#0%0(&!9!*.&%#/!#!/(&!3)%*.)(&!*(/#).&4!! x =6&!E?,)"%,0#!&(0>!%0'.)2.0%)!.0!/#!*#&'%-#-%80I!#96,#0!#/!*#0'.0%*%.0'(!,.! /#&! *.Q%//#&! ;6-#/.&! 9! ./! 3)%*.)! 3).*(/#)! #96,#! #/! -#0%0(! #! ,.&7#))#)! /#! -(*%,#4!! ! 30.0\',c'#(O?0(F&0#0,$',(*%#(F&0.%*'&0#()%,(*%#(@"0,$0#(',$0&"%&0#](( x "#&!-()(0#&!&.!.&').-$#0!$#-%#!./!-6.//(4!! x "#&!/<0.#&!-.)2%-#/.&!3()!2.&'%;6/#)!9!/%076#/!&(0!-(02.C#&!$#-%#!/#!)#<J!9!3()! /#!-#)#!3)(C%*#/!&(0!-(02.C#&!$#-%#!/#!-()(0#4!! x ]#0'(!/#&!-()(0#&!-(*(!/#&!)#<-.&!-(02.)7.0!$#-%#!/%076#/4!! x "#&!&63.)1%-%.&!,.!-(0'#-'(!*.&%#/!&(0!*:&!%0-%&#/.&!P6.!/#&!,%&'#/.&4!! ! 1"E0&0,)"'#(O?0(F&0#0,$',(*%#(F&0.%*'&0#()%,(*%#(@"0,$0#(',$0&"%&0#](( x FP6! 60#! 2.&'%;6/#)! 9! (')#! /%076#/I! .C-.3'(! /#! 2#)%#0'.! ')%-6&3%,.#! ,.! /(&! &.760,(&! 3).*(/#).&! *#0,%;6/#).&! P6.! '%.0.0! ,(&! -G&3%,.&!/%076#/.&4!! x "(&!).;(),.&!*#)7%0#/.&!&.!&%'G#0!.0!./!3/#0(!$()%J(0'#/4!! x "#&!-()(0#&!&(0!*:&!-()'#&4!! x "#&! )#<-.&! '%.0.0! 60#! /(07%'6,! &%*%/#)! #! /#! ,.! /(&! %0-%&%2(&! 9! 3()! '#0'(! &(0! *:&!-()'#&!P6.!/#!,.!/(&!-#0%0(&4!! x "#! -).&'#! ,.! /#! -6)2#'6)#! '#0'(! 3()! 2.&'%;6/#)! -(*(! 3()! /%076#/! &(0! *:&! (-/6&#/.&!P6.!.0!,%.0'.&!#0'.)%().&!9!/#&!J(0#&!,.!-(0'#-'(!&(0!*:&!#0-$#&!9! *:&!-.)2%-#/.&!P6.!,%.0'.&!#0'.)%().&4!! ! 4'#B%#(@0()*'#0]((

R;'&'(G0#$"C?*'&a(( x x x x x

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

x x !

5/!).;(),.!2.&'%;6/#)!.&!*#)-#,(4!! "#!)#<J!&.!.&').-$#!$#-%#!:3.C!9!+&'.!&.!%0-/%0#!$#-%#!,%&'#/4!!

R;'&'(*",B?'*a(( x

5&! *:&! .&').-$#! *.&%(m,%&'#/*.0'.! P6.! /#! 2.&'%;6/#)! .C-.3'(! ./! &.760,(! 3).*(/#)!*#0,%;6/#)!')%-6&3%,.(!.0!./!P6.!.&!#/!-(0')#)%(4!! x X).&.0'#! 60#! -G&3%,.! /%076#/! .C-.3'(! .0! ./! &.760,(! 3).*(/#)! *#0,%;6/#)! ')%-6&3%,.(4!! x 5/!).;(),.!-6&3<,.(!*.&%#/!,.!/#!-G&3%,.!/%076#/!.&!*:&!-()'(!P6.!./!,%&'#/4!! !

R;'&'(",$0&F&%D".'*a(( x x

!

]%.0.!60#!1()*#!).-'#076/#)4!! "#!/<0.#!-.)2%-#/!&.!%0-6)2#!$#-%#!/#!-()(0#I!.&'(!.&!*:&!*#)-#,(!3()!*.&%#/! P6.!3()!,%&'#/4!! x "#!-).&'#!,.!/#!-6)2#'6)#!2.&'%;6/#)!&.!&%'G#!.0!/#!60%80!,./!'.)-%(!*.,%(!-(0! ./! '.)-%(! -.)2%-#/! *.0(&! .0! ./! 3)%*.)! 3).*(/#)! *#C%/#)! P6.! &.! &%'G#! .0! ./! '.)-%(!-.)2%-#/4!! x "#!-).&'#!,.!/#!-6)2#'6)#!/%076#/!&.!&%'G#!.0!./!'.)-%(!*.,%(4!! x 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!(-/6&#/!P6.!./!,%&'#/I!*.0(&!.0!./!3)%*.)! 3).*(/#)!*#0,%;6/#)!P6.!.&!#/!-(0')#)%(4!!

R;'&'(%)*?#'*a(( x x x x x

x

X).&.0'#!60#!1()*#!).-'#076/#)!-(0!60!,%:*.')(!2.&'<;6/(m/%076#/!*#9()!P6.! *.&%(m,%&'#/4!! 5&':!/%*%'#,#!3()!/(&!).;(),.&!*#)7%0#/.&!*.&%#/!9!,%&'#/!9!/(&!).;(),.&!,.!/#&! -G&3%,.&!2.&'%;6/#)!9!/%076#/4!! 50! ./! -.0')(! ,.! /#! &63.)1%-%.! (-/6&#/! 9! .0! &.0'%,(! 2.&'<;6/(m/%076#/! $#9! 60! ).;(),.!')#0&2.)&(!P6.!&.!1()*#!3()!/#!16&%80!,.!/#&!-).&'#&!,.!/#&!-G&3%,.&! 2.&'%;6/#)!9!/%076#/4!! O#9! 60! &6)-(! ,.! ,.&#))(//(I! -.0')#/I! .0! &.0'%,(! *.&%(m,%&'#/`! 3.)(! $#9! ,(&! .C-.3-%(0.&! P6.! &(0`! ./! 3)%*.)! 3).*(/#)! *#0,%;6/#)! ,(0,.! $#9! 60! &6)-(! *.&%#/!9!(')(!,%&'#/I!9!./!&.760,(!3).*(/#)!*#0,%;6/#)!')%-6&3%,.(4!! 5/!&6)-(!,.!,.&#))(//(!-.0')#/!'.)*%0#!.0!,(&!1(&#&!')%#076/#).&`!/#!*.&%#/!9!/#! ,%&'#/I!P6.!.&':0!/%*%'#,#&!3()!/(&!&6)-(&!,.!,.&#))(//(`!/#!,%&'#/!3()!./!&6)-(! ,.! ,.&#))(//(! ,%&'(m2.&'%;6/#)! 9! ,%&'(m/%076#/`! 9! /#! *.&%#/! 3()! ./! &6)-(! ,.! ,.&#))(//(!*.&%(m2.&'%;6/#)!9!*.&%(m/%076#/4!! 50! /#! 2%&%80! (-/6&#/! '#*;%+0! 2.*(&! &63.)1%-%.&! ,.! -(0'#-'(! &%.0,(! /#&! *.&%#/.&! *:&! 2.&'%;6/#).&! P6.! /#&! ,%&'#/.&! #60P6.! #*;#&! &.! /(-#/%J#0! .0! /#! *%'#,!2.&'%;6/#)!,.!/#!-()(0#4!!

! 4'#B%#(@0('&)'@'](( x "(&!3).*(/#).&!*#0,%;6/#).&!'%.0.!&6!-()(0#!%0-/%0#,#!$#-%#!/%076#/!/(!-6#/! .&! '<3%-(! ,.! '(,(&! /(&! ,%.0'.&! 3(&'.)%().&! *#0,%;6/#).&4! 5&'(! $#-.! P6.! ./! 2+)'%-.!,.!/#!-G&3%,.!/%076#/!&.#!/%076#/!-(0!).&3.-'(!#/!.Q.!,.!/#!)#<J4!!

x x x x x

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m/%076#/! ,.! /#! -()(0#! .&! *6-$(!*#9()!P6.!./!*.&%(m,%&'#/!.0!*#C%/#).&!*%.0')#&!P6.!*#0,%;6/#).&!.&! *.0()4!!

! 1"E0&0,)"'#(0("B?'*@'@0#(0,$&0(F&0.%*'&0#(.'D"*'&0#]((

R;'&'(G0#$"C?*'&a(( x x x

x x x x !

"#! -()(0#! ,./! 3)%*.)! 3).*(/#)! *#C%/#)! .&! *:&! /#)7#! 9! #0-$#! P6.! .0! ./! &.760,(4!! 5/!3)%*.)(!'%.0.!*:&!-(02.)7.0-%#!$#-%#!./!-6.//(!P6.!./!&.760,(4!! "#!-G&3%,.!2.&'%;6/#)!,./!3)%*.)(!.&':!,.&2%#,#!$#-%#!,%&'#/!3()P6.!./!;)#J(! -6&3<,.(!,%&'#/!.&!*:&!-()'(!P6.!./!*.&%#/4!50!./!&.760,(I!(-6)).!#/!-(0')#)%(! 9#! P6.! /#! -G&3%,.! 2.&'%;6/#)! .&':! ,.&2%#,#! $#-%#! *.&%#/! 3()P6.! ./! ;)#J(! -6&3<,.(!*.&%#/!.&!*:&!-()'(!P6.!./!,%&'#/4!! "#!&63.)1%-%.&!,.!-(0'#-'(!&(0!%76#/.&!3#)#!#*;(&`!/#!*.&%#/!.&!/#!60%80!,./! '.)-%(!-.)2%-#/!-(0!./!(-/6&#/!9!/#!,%&'#/!&.!&%'G#!.0!./!'.)-%(!*.,%(4!! F&
R;'&'(*",B?'*a(( x

!

O#9! *:&! -(02.)7.0-%#! ,.! /#! -()(0#! $#-%#! /%076#/! .0! ./! 3)%*.)(! P6.! .0! ./! &.760,(4!! x 50! #*;(&I! /#! -G&3%,.! 2.&'%;6/#)! .&! *#9()! P6.! /#! /%076#/! 3.)(! .&'(! .&! *:&! //#*#'%2(!.0!./!3)%*.)(!P6.!.0!./!&.760,(4!! x "#!-G&3%,.!/%076#/!.0!./!3)%*.)(!.&!*:&!).,(0,.#,#!9!.0!./!&.760,(!.&!*:&! #76,#4!50!#*;#&I!./!2+)'%-.!,.!/#!-G&3%,.!/%076#/!.&':!,.&2%#,(!$#-%#!*.&%#/! 9#!P6.!./!;)#J(!-6&3<,.(!*.&%#/!.&!*:&!-()'(4!! x 50!./!3)%*.)(!&.!(;&.)2#!60#!)#<J!/%076#/!P6.!.&!*:&!-()'#!P6.!/#!2.&'%;6/#)!9! &6!2+)'%-.!36.,.!,.&2%#)&.!$#-%#!*.&%#/!(!$#-%#!,%&'#/4!50!./!&.760,(!&8/(!$#9! 60#!)#<J4!!

R;'&'(",$0&F&%D".'*]a(( x

].0.*(&! P6.! /#! -).&'#! ,.! /#! -6)2#'6)#! 2.&'%;6/#)! ,./! 3)%*.)(! &.! &%'G#! .0! ./! '.)-%(! *.&%#/! *%.0')#&! .0! ./! &.760,(I! .0! /#! 60%80! ,./! '.)-%(! -.)2%-#/! -(0! ./! '.)-%(!*.,%(4!!

x

"#!-).&'#!,.!/#!-6)2#'6)#!/%076#/!&.!&%'G#!.0!#*;(&I!.0!./!'.)-%(!*.,%(4!!

!

R;'&'(.0#"'*I(( x

"#! ,./! 3)%*.)(I! '%.0.! 60#! -(0-#2%,#,! (! ,.! 3).&%80! ,.! /#! -()(0#! .0! ./! &.760,(!.&'(!0(!&.!,#4!! x X6.,.!$#;.)!&6)-(&!.0!/(&!).;(),.&!*#)7%0#/.&!*.&%#/!9!,%&'#/4!@.!+&'(&I!.0! ./!3)%*.)!3).*(/#)I!./!*:&!3)(160,(!.&!./!*.&%#/4!! x 50!#*;(&I!./!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!(-/6&#/!P6.!.0!./!,%&'#/4!! ! !

!

x

X()!.&'#!-#)#!&.!36.,.0!2.)!/#&!,(&!-G&3%,.&>!/#!2.&'%;6/#)!P6.!.&!*#9()!9!/#! /%076#/4!!

x

"#!)#<JI!,./!3)%*.)(!.&':!,%2%,#!.0!60#!2.&'%;6/#)!9!60#!/%076#/!*%.0')#&!P6.! .0!./!&.760,(!&8/(!$#9!60#!)#<JI!P6.!.&!*:&!/#)7#!P6.!/#!,./!3)%*.)(4!50!./! 3)%*.)(I!/#!)#<J!2.&'%;6/#)!.&!*:&!/#)7#!P6.!/#!/%076#/4!!

x

50!./!')(0-(!)#,%-6/#)!,./!3)%*.)(!$#9!60#!,.3).&%80!/(07%'6,%0#/!3)(160,#! .0!&6!-#)#!*.&%#/!P6.!&.!-(0'%0G#!-(0!/#!-(0-#2%,#,!,.!/#!-#)#!*.&%#/!,.!/#! -()(0#4!50!./!&.760,(I!'#*;%+0!$#9!,.3).&%80!.0!/#!-#)#!*.&%#/I!3.)(!0(!&.! -(0'%0G#! -(0! /#! -()(0#4! O#9! '#*;%+0! ,.3).&%(0.&! /(07%'6,%0#/.&! .0! /#! &63.)1%-%.!,%&'#/!,.!/#!)#<J4!50!./!&.760,(I!/#!,.3).&%80!,%&'#/!.&!*:&!3)(160,#! P6.!/#!*.&%#/4(

!

R;'&'(%)*?#'*I(( x

!

!

!

5/! 3)%*.)! *#C%/#)! '%.0.! 60! ,%:*.')(! 2.&'<;6/(m/%076#/! *#9()! P6.! *.&%(m ,%&'#/4!50!#*;(&I!$#9!60!).;(),.!')#0&2.)&(!P6.!60.!/#&!-G&3%,.&!2.&'%;6/#)!9! /%076#/4!! x ]#*;%+0!$#9!60!&6)-(!,.!,.&#))(//(!-.0')#/!.0!&.0'%,(!*.&%(m,%&'#/4!5&'#!.&! *:&! /#)7(! .0! ./! 3)%*.)(! P6.! .0! ./! &.760,(4! 5/! &6)-(! '.)*%0#! .0! 60#! 1(&#! ')%#076/#)!*.&%#/!9!(')#!,%&'#/!P6.!&.!&%'G#!*:&!-.)-#!,./!).;(),.!*#)7%0#/!.0! ./!3)%*.)(!P6.!.0!./!&.760,(4!! x

x

"#&!1(&#&!')%#076/#).&!.&':0!/%*%'#,#&!3()!&6)-(&!,.!,.&#))(//(`!/#!*.&%#/!3()! ./! &6)-(! ,.! ,.&#))(//(! *.&%(m2.&'%;6/#)! 9! *.&%(m/%076#/I! 9! /#! ,%&'#/! 3()! ./! ,%&'(m2.&'%;6/#)! 9! ,%&'(m/%076#/4! "#! 1(&#! ')%#076/#)! ,%&'#/! .&! *#9()! P6.! /#! *.&%#/4!!

50! ./! 3)%*.)(I! .&! 1).-6.0'.! /#! .C%&'.0-%#! ,.! 60! &6)-(! ,.! ,.&#))(//(! .0! ./! ).;(),.!*#)7%0#/!*.&%#/!9!.&!*.0(&!1).-6.0'.!.0!./!,%&'#/4!50!./!&.760,(I!/(&! ,(&!&6)-(&!&(0!*.0(&!1).-6.0'.&!P6.!.0!./!3)%*.)(4!! x "#! &%/6.'#! ,.! /#! -()(0#! .0! ./! 3)%*.)(! '%.0.! 60#! 1()*#! *:&! (! *.0(&! $.C#7(0#/!9!&%*+')%-#I!-(0!./!2+)'%-.!,.!/#!-G&3%,.!2.&'%;6/#)!,.&2%#,(!$#-%#! ,%&'#/!9!./!2+)'%-.!,.!/#!-G&3%,.!/%076#/!,.&2%#,(!#!*.&%#/4!50!./!&.760,(I!./! -(0'()0(!,.!/#!-()(0#!.&!*:&!(2(%,.!9!&%*+')%-(4!!

x

"#! -()(0#! .0! ./! 3)%*.)(! .&! *:&! 7)#0,.! P6.! .0! ./! &.760,(4! O#9! *#9()! -(02.)7.0-%#!$#-%#!/%076#/!.0!./!3)%*.)(!-(0!./!&.760,(4!! x Y%&'#!,.&,.!(-/6&#/I!/#!&63.)1%-%.!,.!-(0'#-'(!*.&%#/!.0!./!&.760,(!&.!&%'G#!.0! /#!60%80!,./!'.)-%(!*.,%(!-(0!./!2.&'%;6/#)!*%.0')#&!P6.!.0!/#!,%&'#/!&.!&%'G#! .0!./!'.)-%(!*.,%(4!50!./!3)%*.)(!(-6)).!#/!-(0')#)%(4!! ! Y&0.%*'&0#(.',@"C?*'&0#](( X).&.0'#! 60#! 7)#0! 2#)%#;%/%,#,4! "(&! ,(&! 3).*(/#).&! *#0,%;6/#).&! 3).&.0'#0! ,(&! 2#)%#0'.&`! 60#!;%-6&3<,.#!9!(')#!')%-6&3%,.#4!! ! R;'&'(G0#$"C?*'&I!! x 5/! 3)%*.)(! .&! 60#! 3%.J#! -#&%! &%*+')%-#4! =6! -()(0#! 3()! 2.&'%;6/#)! .&! 3.0'#7(0#/4! F*;(&I! 3).&.0'#0! 60#! -G&3%,.! 2.&'%;6/#)! -(0! ./! ).;(),.! -6&3<,.(!*.&%#/!*:&!-()'(!P6.!./!,%&'#/4!50!#*;(&I!/#!-()(0#!&.!%0-/%0#!$#-%#! ,%&'#/!9!.&!*:&!//#*#'%2(!.0!./!&.760,(!P6.!.0!./!3)%*.)(4!! x 5/! ,%:*.')(! *.&%(m,%&'#/! .&! .0! ./! 3)%*.)(! *#9()! P6.! .0! ./! &.760,(! 9! ./! 2.&'<;6/(m/%076#/! .&! *.0()! .0! ./! 3)%*.)(! P6.! .0! ./! &.760,(4! O#9! 60#! -(02.)7.0-%#!$#-%#!./!-6.//(!.0!./!3)%*.)(!*#9()!P6.!.0!./!&.760,(4!! x "#!-G&3%,.!2.&'%;6/#)!.0!./!3)%*.)(!.&!*:&!#76,#!P6.!.0!./!&.760,(4!! ! x 5/! 3)%*.)(I! #! 2.-.&! 3).&.0'#! 60! &6)-(! .0! /#! 2.)'%.0'.! *.&%#/! ,.! /#! -G&3%,.I! *%.0')#&!P6.!.0!./!&.760,(!.&!*:&!1).-6.0'.!.0!/#!2.)'%.0'.!,%&'#/4!! ! x "#! )#<-.&! &(0! *:&! /#)7#&! .0! ./! &.760,(! P6.! .0! ./! 3)%*.)(! 9! /#&! J(0#&! ,.! -(0'#-'(! &(0! *:&! -.)2%-#/.&! .0! ./! 3)%*.)(! P6.! .0! ./! &.760,(4! F,.*:&I! /#! &63.)1%-%.!,.!-(0'#-'(!*.&%#/!.0!./!3)%*.)(!.&!*:&!-.)2%-#/!P6.!/#!,%&'#/!9!.0! ./!&.760,(!/#!&63.)1%-%.!,.!-(0'#-'(!*.&%#/!.&!*:&!(-/6&#/!P6.!/#!,%&'#/4!5&'.! )#&7(!,./!3)%*.)(!.&!'<3%-(!,.!.&'.!,%.0'.I!,.!*(,(!P6.!'#*;%+0!&.!(;&.)2#! .0!./!-#0%0(!*#C%/#)!,.-%,6(4!! ! x 5/! 3)%*.)(! '%.0.! 60! ).;(),.! 2.&'%;6/#)! *:&! //#*#'%2(! P6.! ./! &.760,(4! F! 2.-.&I! $#9! ,.3).&%(0.&! #! #*;(&! /#,(&! ,.! .&'.! ).;(),.! 9! -6#0,(! #3#).-.0! &6./.0!&.)!*:&!3)(160,#&!/#!*.&%#/!.0!./!3)%*.)(!9!/#!,%&'#/!.0!./!&.760,(4!! !

( ( ( R;'&'(*",B?'*I(( x

O#9!60#!*#9()!-(02.)7.0-%#!,.!/#!-()(0#!$#-%#!/%076#/!.0!./!3)%*.)(!P6.!.0! ./!&.760,(I!.C-.3'6#0,(!#/!&.760,(!3).*(/#)!*#0,%;6/#)!')%-6&3%,.(!,(0,.! 0(!&.!(;&.)2#!-(02.)7.0-%#4!! x "#!-G&3%,.!/%076#/!.0!./!3)%*.)(!.&!3.P6.[#I!-#&%!#160-%(0#/!.0!./!&.760,(! ;%-6&3<,.(!,(0,.!/#!-G&3%,.!/%076#/!.&!*#9()!P6.!.0!./!3)%*.)(!3.)(!*.0()! P6.!/#!2.&'%;6/#)4!50!/#!2#)%#0'.!')%-6&3%,.#!,./!&.760,(!$#9!,(&!-G&3%,.&!3()! /%076#/`!60#!*.&%(m/%076#/!9!(')#!,%&'(m/%076#/4!!

x

!

!

"(&!'#*#[(&!,.!/#&!-G&3%,.&!&(0!2.&'%;6/#)!r!P6.!*.&%(m/%076#/!r!P6.!,%&'(m /%076#/4!! x 50!.&'#!-#)#!,.!.&'#!2#)%#0'.!$#9!60!&6)-(!/%076#/!&.3#)#0,(!#*;#&!-G&3%,.&! /%076#/.&4!! x

50! ./! 3)%*.)(I! ./! ).;(),.! *#)7%0#/! *.&%#/! .&':! %0-/%0#,(! $#-%#! /%076#/! ,.! *#0.)#! P6.! 1()*#! 60! :076/(! ,.! Nke! -(0! /#! &63.)1%-%.! /%076#/4! 5&! 1).-6.0'.! (;&.)2#)!60!&6)-(!.0').!./!).;(),.!*#)7%0#/!*.&%#/!9!/#!2.)'%.0'.!*.&%#/!,.!/#! -G&3%,.!/%076#/4!F/!-6#/!&.!/.!//#*#!&6)-(!*.&%(m/%076#/4!! x X()!/%076#/!'#*;%+0!&.!2.!P6.!/#!)#<J!,.!.&!*:&!.&').-$#!P6.!3()!2.&'%;6/#)! &%.0,(!/#!,./!&.760,(!*:&!/#)7#!P6.!/#!,./!3)%*.)(4!!

R;'&'(F&%D".'*I!! x

F*;(&I!'%.0.!/#!-()(0#!%0-/%0#,#!$#-%#!/%076#/!9!.&'(!.&!*:&!//#*#'%2(!.0!./! 3)%*.)(!P6.!.0!./!&.760,(4!@.&,.!#P6
!

!

!

(

x

5&'#!2%&%80I!&.!2.!./!'#*#[(!)./#'%2(!,.!/#&!-G&3%,.&`!.0!./!3)%*.)(I!/#!-G&3%,.! 2.&'%;6/#)!.&!*#9()!P6.!/#!/%076#/!9!.0!./!&.760,(!;%-6&3<,.(!/#!2.&'%;6/#)!.&! *#9()! P6.! /#! /%076#/! 9! .0! ./! &.760,(! ')%-6&3%,.(! .0! /#! 2.&'%;6/#)! .&! *#9()! P6.!/#!*.&%(m/%076#/!*#9()!P6.!/#!,%&'(m/%076#/4!!

x

]#*;%+0!&.!2.!.0!/(&!).;(),.&!*#)7%0#/.&>!.0!./!3)%*.)(I!./!).;(),.!*#)7%0#/! *.&%#/! .&! *:&! -.)2%-#/! P6.! ./! ,%&'#/! 9! .&':! %0-/%0#,(! Nke! #! /%076#/4! 50! ./! &.760,(I!./!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!(-/6&#/!P6.!./!,%&'#/4!!

x

50!/(&!3)%*.)(&!&6./.!$#;.)!60!&6)-(!,.!,.&#))(//(!*.&%(m/%076#/!P6.!&63.)#! ./!).;(),.!*#)7%0#/!*.&%#/!,.!/#!2.)'%.0'.!*.&%#/!,.!/#!-G&3%,.!/%076#/4!50!/(&! &.760,(&!0(!.C%&'.4!X.)(!36.,.!$#;.)!60!&6)-(!,.!,.&#))(//(!.0!./!).;(),.! *#)7%0#/!*.&%#/44!!

x

"#&! /<0.#&! -.)2%-#/.&! &(0! -(02.C#&! $#-%#! /#! -()(0#! &(;).! '(,(! 3()! *.&%#/4! E#*;(&A4!! x F*;(&! '%.0.0! 60#! )#<J! G0%-#! -(0! 60! ,%:*.')(! 2.&'<;6/(m/%076#/! *#9()! P6.! *.&%(m,%&'#/4!! x 50! ./! 3)%*.)(! $#9! ,.3).&%(0.&! /(07%'6,%0#/.&! 3()! *.&%#/! 9! 3()! ,%&'#/! *%.0')#&!P6.!.0!./!&.760,(!&6./.0!.&'#)!*:&!-.)-#!#!/#!,%&'#/!9!#!2.-.&!36.,.! 0(!.C%&'%)!.0!/#!*.&%#/4!

( R;'&'(%)*?#'*a((

6'( )%&%,'( @0*( F&".0&%I! '%.0.! 60#! 1()*#! &%*%/#)! #! 60! )(*;(%,.! (! 60! ,%#*#0'.I! *:&! ;%.0! #&%*+')%-(I!.0!./!P6.!/#!-).&'#!,.!/#!-6)2#'6)#!2.&'%;6/#)!.&':!,.&2%#,#!$#-%#!*.&%#/!9!/#!-).&'#! ,.!/#!-6)2#'6)#!/%076#/!&.!.0-6.0')#!,.&2%#,#!$#-%#!,%&'#/4!! x "#!-G&3%,.!2.&'%;6/#)!1()*#!Q60'(!-(0!&6&!2+)'%-.&!-6&3<,.(&!60#!/<0.#!-#&%! ).-'#!.0!&.0'%,(!*.&%(m,%&'#/4!! x 5/! ,%:*.')(! *:C%*(! *.&%(m,%&'#/! &.! &%'G#! %0*.,%#'#*.0'.! /%076#/! #! /#! -G&3%,.!2.&'%;6/#)I!9!-(%0-%,.!-(0!/#!&%'6#-%80!,.!/#&!&63.)1%-%.&!,.!-(0'#-'(! 3()!/(!P6.!+&'#&I!2%&'#&!,.&,.!(-/6&#/I!&.!&%'G#0!/%076#/4!! x 5/!,%:*.')(!2.&'<;6/(m/%076#/!.&!*#9()!P6.!./!*.&%(m,%&'#/4!! x 5/! ).;(),.! *#)7%0#/! *.&%#/! 1()*#! 60! :076/(! #76,(! -(0! /#! 3.0,%.0'.! ,.! /#! -G&3%,.! 2.&'%;6/#)! 9! ./! ).;(),.! *#)7%0#/! ,%&'#/! 1()*#! 60! :076/(! -#&%! ).-'(! -(0!/#!2.)'%.0'.!,%&'#/!,.!/#!-G&3%,.!2.&'%;6/#)4!! ! 6'()%&%,'(@0(0*(#0B?,@%(C")?#F+@0%('%.0.!60#!1()*#!*:&!(2(%,.4!! x O#9!-(02.)7.0-%#!$#-%#!/%076#/4!]#*;%+0!#/7(!$#-%#!,%&'#/4!! x 5/!-(0'()0(!2.&'%;6/#)!.&!*:&!).,(0,.#,(!9!./!/%076#/!*.0(&4!! ! 6'( )%&%,'( @0*( #0B?,@%( $&")?#F"@0%( 0(! -(02.)7.! $#-%#! /%076#/! &%0(! *:&! ;%.0! $#-%#! 2.&'%;6/#)4!! x O#9!-(02.)7.0-%#!,.!/#!-()(0#!$#-%#!*.&%#/4!E.&'(!.&!60#!.C-.3-%80!9#!P6.! .0!-#&%!'(,(&!/(&!,.*:&!,.!-(0')#)%(4A!! ! 2,(0*(F&".0&%(T'P(@%#()W#F"@0#>!60#!2.&'%;6/#)!9!(')#!/%076#/!&%.0,(!/#!2.&'%;6/#)!*#9()! P6.!/#!/%076#/4!! x "#&! -).&'#&! ')%#076/#).&! ,.! #*;#&! -G&3%,.&! &.! 60.0! 1()*#0,(! 60! ).;(),.! ')#0&2.)&(4!! x F! /(&! /#,(&! ,.! .&'(&! ).;(),.&! &.! 36.,.0! 2.)! ,(&! 1(&#&`! 60#! *.&%#/! 9! (')#! ,%&'#/4! 5&'#&! 1(&#&! 0(! &(0! ')%#076/#).&! &%0(! -%)-6/#).&4! "#! *:&! #*3/%#! 9! 3)(160,#! .&! /#! -*(1'%4! 50! /#&! 1(&#&! $#9! &6)-(&! ,.! ,.&#))(//(! *.&%#/! 9! ,%&'#/! ).&3.-'%2#*.0'.!P6.!,%&-6)).0!.0!&.0'%,(!2.&'<;6/(m/%076#/4!! ! 2,(0*(#0B?,@%(C")?#F+@0%>!3).&.0'#!60!).;(),.!')#0&2.)&(!P6.!60.!/#&!-).&'#&!')%#076/#).&! ,.!/#&!-G&3%,.&!2.&'%;6/#)!9!/%076#/4!O#9!60!&6)-(!-.0')#/!P6.!&.!.C'%.0,.!.0!&.0'%,(!*.&%(m ,%&'#/! P6.! 36.,.! &.)! ).-'(! (! /%7.)#*.0'.! -80-#2(! *%)#0,(! #! 2.&'%;6/#)4! 5/! &6)-(! '#*;%+0! '.)*%0#!.0!,(&!1(&#&`!/#!,%&'#/!9!/#!*.&%#/!P6.!'#*;%+0!&(0!-%)-6/#).&4!"#!1(&#!,%&'#/!.&!*#9()! P6.!/#!*.&%#/4!F!2.-.&!.0!/#!1(&#!,%&'#/!$#9!60!&6)-(!,.!,.&#))(//(!,%&'(m2.&'%;6/#)4!! ! 2,( 0*( #0B?,@%( $&")?#F"@0%>! 0(! $#9! ).;(),.! ')#0&2.)&(4! 5C%&'.0! ').&! -G&3%,.&`! 2.&'%;6/#)! *#9()!P6.!*.&%(m/%076#/!*#9()!P6.!,%&'(m/%076#/4!! x "#&!-).&'#&!')%#076/#).&!-(01/69.0!.0!/#!1(&#!-.0')#/!P6.!&.!-.0')#!.0!&.0'%,(! 2.&'<;6/(m/%076#/!3.)(!.&!,%&'#/!#/!-.0')(!.0!&.0'%,(!*.&%(m,%&'#/4!! x _(! $#9! &6)-(! -.0')#/I! 3.)(! $#9! 60! &6)-(! *.&%#/! P6.! &6)7.! ,.&,.! /#! 1(&#! -.0')#/!9!P6.!'.)*%0#!.0!60#!1(&#!')%#076/#)!*.&%#/4!!

x

]#*;%+0!$#9!60!&6)-(!,%&'#/!P6.!&.!.C'%.0,.!,.&,.!/#!1(&#!-.0')#/!9!'.)*%0#! .0!/#!1(&#!')%#076/#)!,%&'#/!#60P6.!.&!*69!3.P6.[#4!! x "#!1(&#!*:&!7)#0,.!.&!/#!1(&#!-.0')#/4!! x ]#*;%+0! 36.,.! $#;.)! 60! &6)-(! /%076#/! P6.! 0#-.! .0! /#! 1(&#! -.0')#/! .0! ,%).--%80!#/!).;(),.!/%076#/!&.3#)#0,(!#*;#&!-G&3%,.&!/%076#/.&4!! ! 1"E0&0,)"'#(0,(*%#(F&0.%*'&0#(MN(P(QN(@0&0)T%#(P("cO?"0&@%#](( x 2,( 0*( F&".0&%I! 60! )#&-(! -#)#-'.)<&'%-(! .&! /#! 3).&.0-%#! ,./! &6)-(! *.&%(m /%076#/4!! x 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!-.)2%-#/!P6.!./!,%&'#/4!! x 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!-()'(!P6.!./!,%&'#/4!! x 50!/#!)#<JI!/#!,.3).&%80!*:&!3)(160,#&!/#!,%&'#/4!! ! x 2,(0*(#0B?,@%(C")?#F+@0%I!$#9!-(02.)7.0-%#!,.!/#!-()(0#!$#-%#!,%&'#/4!! x "#! 2.)'%.0'.! -6&3<,.#! *.&%#/! ,.! /#! -G&3%,.! 2.&'%;6/#)! .&! *:&! -()'#! P6.! /#! ,%&'#/4!! x 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!(-/6&#/!P6.!./!,%&'#/4!! x "#!1(&#!,%&'#/!.&!*#9()!P6.!/#!*.&%#/4!! x 50!/#!)#<JI!/#!,.3).&%80!,%&'#/!.&!*:&!3)(160,#!P6.!/#!*.&%#/4!! x "#!/<0.#!-.)2%-#/!&.!%0-6)2#!*:&!$#-%#!/#!-()(0#!3()!*.&%#/!P6.!3()!,%&'#/4!! ! x 2,(0*(#0B?,@%($&")?#F"@0%I!/#!-()(0#!-(02.)7.!$#-%#!*.&%#/4!! x 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!(-/6&#/!P6.!./!,%&'#/4!! x 5/!&6)-(!,%&'#/!.&!*:&!-()'(!P6.!./!*.&%#/4!! x "#!-G&3%,.!,%&'(m/%076#/!.&!*:&!3)(160,#!P6.!/#!*.&%(m/%076#/4!! x 50! /#! )#<JI! '#*;%+0! $#9! 60#! ,.3).&%80! *:&! 3)(160,#! 3()! ,%&'#/! P6.! 3()! *.&%#/4!! x "#!1(&#!-.0')#/!&.!&%'G#!,%&'#/!#/!-.0')(!,.!/#!-()(0#4!! ! ( ( ( ( ( (

756-423((

;'&')$0&+#$")'#(B0,0&'*0#](( x =(0!,(-.!3%.J#&I!&.%&!3()!#)-#,#4!"(&!3)%*.)(&!&.!&%'G#0!,%&'#/!#!/(&!&.760,(&! 3).*(/#).&!9!/(&!'.)-.)(&!*(/#).&!3()!,%&'#/!0(!'%.0.0!0%0760#!(')#!3%.J#4!! x =(0! ,%.0'.&! -(0! /#&! -()(0#&! *:&! #0-$#&! .0! &.0'%,(! *.&%(m,%&'#/I! ,.! 1()*#! P6.!/#!/(07%'6,!*.&%(m,%&'#/!'('#/!,.!/(&!*(/#).&!*#C%/#).&!).3).&.0'#!-#&%!./! k?q! ,.! /#! /(07%'6,! *.&%(m,%&'#/! ,.! '(,#! 60#! $.*%#)-#,#4! 50! /(&! *#0,%;6/#).&!).3).&.0'#!60!NNq4!! x 5/!3)%*.)!*(/#)I!&.!&%'G#!-#&%!.0!./!-.0')(!,.!-#,#!$.*%#)-#,#4!!

x

"#! 160-%80! 2#! #! &.)! /#! *#&'%-#-%80! #60P6.! '#*;%+0! 3#)'%-%3#0! .0! ./! &(&'.0%*%.0'(!9!*#0'.0%*%.0'(!,.!/#&!*.Q%//#&4!!

! 4'#B%#(@0()*'#0](( ;%&%,'#!*69!#0-$#&!,.!1()*#!P6.!./!,%:*.')(!*.&%(m,%&'#/!.&!*#9()!P6.!./!-+)2%-(m(-/6&#/! E&(0!*:&!#0-$(&!9!-()'(&A4!! x "#!-()(0#!&.!.&').-$#!,.!2.&'%;6/#)!#!/%076#/!E-(02.)7.!$#-%#!/%076#/!.C-.3'(! .0!#/760(&!-(*(!./!3)%*.)!*(/#)!*#C%/#)!P6.!'%.0.!60#!-G&3%,.!,%&'(m/%076#/! *69!7)#0,.A4!! x @.&,.!2.&'%;6/#)I!/#!-()(0#!-(02.)7.!$#-%#!./!-6.//(4!! x @.&,.!3)(C%*#/I!/#!-()(0#!-(02.)7.!$#-%#!(-/6&#/4!! x "#&!-()(0#&!&.!%0-/%0#0!'(,#&!$#-%#!,%&'#/!9!'#*;%+0!-(02.)7.0!$#-%#!,%&'#/4!! x 5/! 0G*.)(! ,.! -G&3%,.&! 7.0.)#/*.0'.! .&! NmkI! #/760#&! 2.-.&! ').&I`! Q( G0#$"C?*'&0#(E*.&%(m2.&'%;6/#)!9!,%&'(m2.&'%;6/#)AIQ(*",B?'*0#(E*.&%(m/%076#/! 9!,%&'(m/%076#/A4!"#!*#9()!,.!'(,#&!.&!/#!3/(*29%*,D&'%4!! ! "#&!&63.)1%-%.&!,.!-(0'#-'(>!! x "#!&63.)1%-%.!*.&%#/!&.!&%'G#!.0!/#!60%80!,./!'.)-%(!*.,%(!-(0!./!(-/6&#/4!! x "#!,%&'#/!&.!&%'G#!.0!./!'.)-%(!*.,%(4!! ! x "#!-).&'#!,.!/#!-6)2#'6)#!2.&'%;6/#)!&.!&%'G#!.0!/#!60%80!,./!'.)-%(!*.,%(!-(0! ./!-.)2%-#/!9!/#!-).&'#!,.!/#!-6)2#'6)#!,%&'#/!&.!&%'G#!.0!./!'.)-%(!*.,%(4!! x "#! /<0.#! -.)2%-#/I! 3()! 2.&'%;6/#)! 9! /%076#/! &(0! 3):-'%-#*.0'.! ).-'#&I! /%7.)#*.0'.!%0-6)2#,#&!$#-%#!/#!)#<J4!! x X()!*.&%#/!9!,%&'#/I!/%7.)#*.0'.!%0-6)2#,#!$#-%#!/#!-()(0#4!! ! 4'+)0#>! /(&! *(/#).&! 3'0*%'./(! '%.0.0! ').&! )#<-.&`! Q( G0#$"C?*'&0#I! E*.&%(m2.&'%;6/#)! 9! ,%&'(m 2.&'%;6/#)A!9!?,'(*",B?'*4!! x 50!/(&!3',-*5&%'./(!$#9!@%#`!60#!*.&%#/!9!(')#!,%&'#/4!! ! ( ( ( ( ( 4'#B%#(@0('&)'@'(i@"E0&0,)"'(0,$&0(.'D"*'&0#(.',@"C?*'&0#j](( x "(&!*(/#).&!*#C%/#).&!'%.0.0!60#!1()*#!*:&!(!*.0(&!-6#,)#,#!-(0!60! ,%:*.')(!2.&'<;6/(m/%076#/!*#9()!P6.!*.&%(m,%&'#/4!L%.0')#&!/(&! *#0,%;6/#).&!'%.0.0!1()*#!).-'#076/#)!-(0!60!,%:*.')(!*.&%(m,%&'#/!*#9()! P6.!./!2.&'<;6/(m/%076#/4!! ! x "(&!*#0,%;6/#).&!'%.0.0!/#!-()(0#!%0-/%0#,#!$#-%#!,%&'#/I!/(&!*#C%/#).&!0(4!! x "(&!*(/#).&!*#C%/#).&!'%.0.0!-6#')(!-G&3%,.&`!,(&!2.&'%;6/#).&!9!,(&! /%076#/.&4!!

x x x x x x !

50!./!3)%*.)!*(/#)!.&!1).-6.0'.!/#!3).&.0-%#!,./!'6;+)-6/(!,.!V#)#;.//%I!P6.! &.!&%'G#!/%076#/!#!/#!-G&3%,.!*.&%(m/%076#/4!! "(&!*#0,%;6/#).&!&6./.0!'.0.)!-6#')(!(!-%0-(!-G&3%,.&4!! 5/!3)%*.)!*(/#)!*#0,%;6/#)!'%.0.!-%0-(!-G&3%,.&`!').&!2.&'%;6/#).&>!,%&'#/I! *.&%(m2.&'%;6/#)I!,%&'(m2.&'%;6/#)4!o!,(&!/%076#/.&`!*.&%(m/%076#/!9!,%&'(m /%076#/4!! 5/!&.760,(!*(/#)!'%.0.!&8/(!-6#')(!-G&3%,.&`!,(&!2.&'%;6/#).&!9!,(&! /%076#/.&4!! "(&!*(/#).&!*#C%/#).&!3).&.0'#0!.0!&6!&63.)1%-%.!(-/6&#/!60!).;(),.!(;/%-6(! P6.!60.!/#!-G&3%,.!*.&%(m/%076#/!-(0!/#!,%&'(m2.&'%;6/#)4!! "(&!*#0,%;6/#).&!&6./.0!'.0.)!).;(),.&!')#0&2.)&(!P6.!60.!/#&!-G&3%,.&! ,%&'#/.&!.0').!&
x

"(&!*(/#).&!*#C%/#).&!'%.0.!').&!)#<-.&`!,(&!2.&'%;6/#).&>!*.&%(m2.&'%;6/#)!9! ,%&'(m2.&'%;6/#)I!9!?!/%076#/4!=%.0,(!/#!*:&!/#)7#!/#!/%076#/4!! x "(&!*#0,%;6/#).&!3(&..0!,(&!)#<-.&`!60#!*.&%#/!9!(')#!,%&'#/4!"#!)#<-.&!,.!/(&! *#0,%;6/#).&!&6./.0!&.)!,.!%76#/!'#*#[(I!3.)(!.&!*:&!7)#0,.!/#!*.&%#/!P6.!/#! ,%&'#/4!! ! 1"E0&0,)"'#(0,$&0(0*(F&".0&(.%*'&(.'D"*'&(P(0,(#0B?,@%(.%*'&(.'D"*'&I((

R;'&'(G0#$"C?*'&a(( x

!

5/!3)%*.)!*(/#)!'%.0.!*#9()!'#*#[(!P6.!./!&.760,(!'#0'(!*.&%(m,%&'#/! -(*(!2.&'<;6/(m/%076#/I!&(;).!'(,(!*.&%(m,%&'#/4!! x "#!-()(0#!,.!#*;(&!-(02.)7.!$#-%#!./!-6.//(I!.&'(!.&!*:&!//#*#'%2(!.0!/(&! 3)%*.)(&!P6.!.0!/(&!&.760,(&4!! x "#!&63.)1%-%.&!,.!-(0'#-'(!&(0!%76#/.&!3#)#!#*;(&4!"#!*.&%#/!&.!&%'G#!.0!/#! 60%80!,./!'.)-%(!*.,%(!-(0!./!'.)-%(!(-/6&#/I!9!/#!,%&'#/!-(0!./!'.)-%(!*.,%(4!! x X()!2.&'%;6/#)I!3).&.0'#0!,(&!-G&3%,.&`!*.&%(m2.&'%;6/#)!9!,%&'(m2.&'%;6/#)I! &%.0,(!/#!*#9()!/#!*.&%(m2.&'%;6/#)!9!#*;#&!.&':0!&.3#)#,#&!3()!./!&6)-(! 2.&'%;6/#)I!P6.!'%.0.!60#!/(07%'6,!P6.!&.!.C'%.0,.!*:&!(!*.0(&!$#-%#!./! '.)-%(!*.,%(!,.!/#!-()(0#4!50!./!'.)-.)!*(/#)!#-#;#!.0!60#!182.#4!! x x

x x x

"#!/<0.#!-.)2%-#/!.&!).-'#!I!/%7.)#*.0'.!%0-6)2#,#!$#-%#!/#!)#<J!9!#*;(&!'%.0.0! /#&!-()(0#&!%0-/%0#,#&!$#-%#!,%&'#/!#60P6.!.&!*:&!//#*#'%2(!.0!/(&!3)%*.)(&! P6.!.0!/(&!&.760,(&4!! "#&!)#<-.&!.0!#*;(&!3()!2.&'%;6/#)!3).&.0'#0!,(&`!/#!*.&%(m2.&'%;6/#)!P6.!.&! *:&!7)#0,.!P6.!/#!,%&'(m2.&'%;6/#)4!F*;#&!)#<-.&!&6)7.0!,.!60!')(0-(! )#,%-6/#)!P6.!&.!,%2%,.!.0!./!3)%*.)!*(/#)!#3)(C%*#,#*.0'.!.0!/#!60%80!,./! '.)-%(!*.,%(!-(0!./!'.)-%(!-.)2%-#/4!! "#!,(&!)#<-.&!&.!,%&3(0.0!-(*(!/(&!;)#J(&!,.!60#&!3%0J#&4!! 50!./!3)%*.)!*(/#)!&(0!*69!,%2.)7.0'.&!,.!1()*#!P6.!/#!&.3#)#-%80!.0').! .//#&!.P6%2#/.!./!,%:*.')(!*.&%(m,%&'#/!,.!/#!-()(0#4!! 5/!:3.C!.0!#*;#&!)#<-.&!&.!%0-6)2#!$#-%#!,%&'#/4!"#!)#<J!*.&%(m2.&'%;6/#)!.0! &6!'.)-%(!*.,%(!&.!%0-6)2#!*#)-#,#*.0'.!$#-%#!*.&%#/4!!

x

!

5/!3)%*.)!*(/#)!./!2+)'%-.!,.!/#!)#<J!*.&%(m2.&'%;6/#)!.&':!.0!/<0.#!-(0!./! 2+)'%-.!,.!/#!-G&3%,.!*.&%(m2.&'%;6/#)4!! x 50!./!&.760,(I!./!')(0-(!)#,%-6/#)!.&!*:&!/#)7(4!"#!)#<-.&!&(0!*.0(&! ,%2.)7.0'.&!9!./!:3.C!.0!#*;(&!&.!%0-6)2#!$#-%#!,%&'#/4!!

R;'&'(*",B?'*a(( x

!

"#!-()(0#!.0!/#!)#<J!-(02.)7.0!$#-%#!/%076#/!9!$#9!*:&!-(02.)7.0-%#!.0!./! &.760,(!P6.!.0!./!3)%*.)(4!! x 50!./!3)%*.)!*(/#)!&.!2.0!,(&!-G&3%,.&`!*.&%(m/%076#/!9!,%&'(m/%076#/4!! x F*;#&!&.!.0-6.0')#0!&.3#)#,#&!3()!60!&6)-(!/%076#/!,.!1()*#!P6.!+&'.!&.! -(0'%0G#!-(0!./!&6)-(!(;/%-6(!,%&'#/!,.!/#!&63.)1%-%.!(-/6&#/!9!#!2.-.&!36.,.0! -(0'%06#)&.!-(0!60#!,.3).&%80!.0!/#!)#<J!/%076#/4!! x 50!/(&!3)%*.)(&!*(/#).&!-(0!1).-6.0-%#!&.!.0-6.0')#!./!'6;+)-6/(!,.! V#)#;.//%!P6.!&.!&%'G#!/%076#/!#!/#!-G&3%,.!*.&%(m/%076#/4!@.!/#&!,(&!-G&3%,.&I! /#!*.&%(m/%076#/!.&!*#9()!P6.!/#!,%&'(m/%076#/4!! x x x x x !

50!./!&.760,(!*(/#)!3()!/%076#/!'#*;%+0!$#9!,(&!-G&3%,.&`!*.&%(m/%076#/!9! ,%&'(m/%076#/4!! "#!*.&%(m/%076#/!.&!*6-$(!*#9()!P6.!/#!,%&'(m/%076#/4!_(!.C%&'.!./!'6;+)-6/(! 9!.0!60!'.)-%(!,.!/(&!3#-%.0'.&!1#/'#!/#!-G&3%,.!,%&'(m/%076#/4!E=%!0(!$#9! -G&3%,.!,%&'(m/%076#/!0(!.C%&'.!./!&6)-(!,%&'(m/%076#/4!A! "#!)#<J!/%076#/!&.!(;&.)2#!P6.!.&!*:&!/#)7#!9!#0-$#!P6.!'(,#&4!F*;(&!'%.0.0! ./!:3.C!).-'(4!! =.!(;&.)2#!60#!,.3).&%80!.0!.//#4!! "#!,.3).&%80!/%076#/!.&!/#!'.)-.)#!)#<J!*:&!/#)7#!,.!/#&!3%.J#&!,.0'#)%#&! &63.)%().&I!&8/(!&63.)#,#!.0!'#*#[(!3()!/#!)#<J!,./!-#0%0(!9!,./!&.760,(! 3).*(/#)4!!

R;'&'(F&%D".'*a(( x x x x x x

!

x

50!./!3)%*.)!*(/#)!,.&,.!*.&%#/!3(,.*(&!2.)!/#!-G&3%,.!*.&%(m/%076#/!9!/#! -G&3%,.!*.&%(m2.&'%;6/#)!60%,#&!3()!60!).;(),.!*#)7%0#/!*.&%#/!*69!/#)7(I!9! -80-#2(!9!*:&!(-/6&#/!P6.!./!,%&'#/4!! @.!/#&!,(&!-G&3%,.&I!/#!*.&%(m/%076#/!.&!*#9()!P6.!/#!*.&%(m2.&'%;6/#)4!! ]%.0.!60!,%:*.')(!2.&'<;6/(m/%076#/!*69!#0-$(I!*#9()!P6.!./!-+)2%-(m (-/6&#/4!! @.&,.!/#!-).&'#!,.!/#!-6)2#'6)#I!/#!-()(0#!&.!.&').-$#!$#-%#!(-/6&#/4!! @.&,.!,%&'#/!&.!36.,.0!2.)!/#&!-6#')(!-G&3%,.&4!5/!).;(),.!*#)7%0#/!,%&'#/!.&! *:&!-.)2%-#/!P6.!./!*.&%#/!9!.&!*:&!-()'(4!! 5/!'#*#[(!)./#'%2(!#!/#&!-G&3%,.&!.&>!/#!*:&!/#)7#!9!#0-$#!.&!/#!*.&%(m/%076#/I! P6.!.&!*#9()!P6.!/#!*.&%(m2.&'%;6/#)I!*#9()!P6.!/#!,%&'(m2.&'%;6/#)!9!*#9()! P6.!/#!,%&'(m/%076#/4!50!/#&!3%.J#&!,(0,.!$#9#!'6;+)-6/(!,.!V#)#;.//%!&.):!+&'#! /#!-G&3%,.!*:&!3.P6.[(#!I!9!&6./.!&.)!/#!,%&'(m/%076#/4!! 50!./!&.760,(!*(/#)!(-6)).!%76#/4!_(!.C%&'.!'6;+)-6/(!9!#!2.-.&!1#/'#!/#! -G&3%,.!2.&'<;6/(m/%076#/4!!

x

!

50!#*;(&I!/#!-).&'#!,.!/#!-6)2#'6)#!2.&'%;6/#)!&.!&%'G#!.0!/#!60%80!,./!'.)-%(! *.,%(!-(0!./!'.)-%(!-.)2%-#/I!9!/#!-).&'#!,.!/#!-6)2#'6)#!/%076#/!.0!./!'.)-%(! *.,%(4!! x 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!/#)7(I!*:&!(-/6&#/!9!*:&!-80-#2(!P6.!./! ,%&'#/!.0!#*;(&!*(/#).&4!! x

50!./!3)%*.)(!1).-6.0'.!.0-(0')#)!60!&6)-(!,.!,.&#))(//(!.0!./!).;(),.! *#)7%0#/!*.&%#/!9!#!2.-.&!36.,.!.C%&'%)!'#*;%+0!.0!./!).;(),.!*#)7%0#/!,%&'#/4!! x 50!./!&.760,(I!/#!3).&.0-%#!,.!.&'(&!&6)-(&!.&!*.0(&!1).-6.0'.4!! !

!

!

x

50!./!3)%*.)!*(/#)!'#*;%+0!&(0!1).-6.0'.&!/(&!'6;+)-6/(&!.0!./!).;(),.! *#)7%0#/!*.&%#/4!"#!/<0.#!-.)2%-#/!.&!).-'#I!(!/%7.)#*.0'.!%0-6)2#,#!$#-%#!/#! -()(0#4!!

x x

@.&,.!*.&%#/!3(,.*(&!2.)!,(&!)#<-.&`!*.&%(m2.&'%;6/#)!9!/%076#/4!! "#!/%076#/!.&!*:&!/#)7#!P6.!/#!*.&%(m2.&'%;6/#)!9!./!:3.C!,.!/#!)#<J!*.&%(m 2.&'%;6/#)!&6./.!.&'#)!.0!/<0.#!-(0!./!2+)'%-.!,.!/#!-G&3%,.!*.&%(m2.&'%;6/#)4!5/! -(0'()0(!,.!/#!)#<J!*.&%(m2.&'%;6/#)!&(;).&#/.!/%7.)#*.0'.!,.!/(&!/<*%'.&!,.!/#! -()(0#4!! x 50!/#!)#<J!/%076#/I!.0!:3.C!,.!/#!)#<J!&.!&%'G#!/%076#/!#!/#!&63.)1%-%.!,.!/#! -()(0#I!,.!1()*#!P6.!&(;).&#/.0!*6-$(!,.!/(&!/<*%'.&!,.!/#!-()(0#4!! x 50!/#!)#<J!*.&%(m2.&'%;6/#)I!3()!*.&%#/!$#9!60#!,.3).&%80!/(07%'6,%0#/4!! x 50!/#!2%&%80!,.&,.!,%&'#/I!&.!2.!.0!/#!)#<-.&!/%076#/!9!,%&'(m2.&'%;6/#)4!"#!)#<J! /%076#/!.&!*:&!/#)7#!9!*:&!#0-$#!P6.!/#!,%&'(m2.&'%;6/#)4!"#!,%&'(m2.&'%;6/#)!.&! /#!*:&!3.P6.[#!,.!/#&!').&4!! x

!

50!./!&.760,(!*(/#)I!/#!)#<-.&!&(0!*:&!3#)#/./#&!9!9!/#!)#<J!/%076#/!0(! &(;).&#/.!,.!/(&!/<*%'.&!,.!/#!-()(0#4!5/!:3.C!,.!/#!)#<J!/%076#/!.&':!.0!/<0.#! -(0!/#!-G&3%,.!,%&'(m/%076#/4!!

R;'&'(%)*?#'*a(( x x x x x x !

50!/(&!*(/#).&!*#C%/#).&!,.&,.!(-/6&#/I!.0!/#!-()(0#!,.!#*;(&!./!,%:*.')(! 2.&'<;6/(m/%076#/!.&!*#9()!P6.!./!*.&%(m,%&'#/4!! ]%.0.0!60#!1()*#!*:&!(!*.0(&!-6#,)#076/#)!-(0!/(&!:076/(&!#76,(&!P6.! -()).&3(0,.0!#!/#&!-G&3%,.&!*.&%(m2.&'%;6/#)!9!,%&'(m/%076#/I!9!,(&!:076/(&! (;'6&(&!P6.!&.)<#0!/(&!(')(&!,(&4!! "#!-()(0#!-(02.)7.!$#-%#!/%076#/!9!$#-%#!,%&'#/4!! 50!/(&!&.760,(&!*(/#).&!'(,(!.&'(!.&!*:&!//#*#'%2(!.0!/(&!3)%*.)(&4!! 50!/(&!&.760,(&!*(/#).&!./!-(0'()0(!2.&'%;6/#)!,.!/#!-()(0#!&(;).!'(,(!.0! &6!*%'#,!*.&%#/I!P6.!.&':!*69!#;6/'#,#!3()!/#!3).&.0-%#!,./!).;(),.!-.)2%-#/!9! *.&%(m2.&'%;6/#)I!.&!*69!'<3%-(!,.!/(&!&.760,(&!*(/#).&4!! F!2.-.&I!.0!/(&!&.760,(&!*(/#).&!$#9!&8/(!').&!-G&3%,.&!9!/#!,%&'(m/%076#/! .&':!#6&.0'.4!50!.&'(&!-#&(&!./!-(0'()0(!/%076#/!,.!/#!-()(0#!'%.0.!1()*#! ')%#076/#)4!!

x

!

!

5/!3)%*.)!*(/#)!'%.0.!-6#')(!-G&3%,.&!9!1).-6.0'.*.0'.!./!'6;+)-6/(!,.! V#)#;.//%I!,.!1()*#!P6.!/(&!'#*#[(!)./#'%2(!&(0>!/#!*.&%(m/%076#/!.&!*#9()! P6.!/#!*.&%(m2.&'%;6/#)I!P6.!.&!*#9()!P6.!/#!,%&'(m2.&'%;6/#)!9!.&'#!*#9()! P6.!/#!,%&'(m/%076#/4!! x =6./.!$#;.)!60!).;(),.!(;/%-6(!P6.!60.!/#!-G&3%,.!*.&%(m/%076#/!-(0!/#! ,%&'(m2.&'%;6/#)4!! x =6./.!$#;.)!60!).;(),.!')#0&2.)&(!P6.!60.!/#!-G&3%,.!*.&%(m/%076#/!-(0!/#! *.&%(m2.&'%;6/#)4!! x 50!/(&!&.760,(&!*(/#).&!./!).;(),.!(;/%-6(!.&!*.0(&!//#*#'%2(!9!0(!&6./.! $#;.)!).;(),.!')#0&2.)&(4!! x

O#9!-6#')(!1(&#&!.0!./!3)%*.)!*(/#)`!/#!1(&#!-.0')#/I!P6.!&.!.0-6.0')#! /%*%'#,#!.0').!./!).;(),.!')#0&2.)&(I!).;(),.!(;/%-6(!9!/(&!).;(),.&! -G&3%,.(&!,.!/#&!-G&3%,.&!2.&'%;6/#).&4!o!60#!1(&#!')%#076/#)!*.&%#/!-.)-#!,./! ).;(),.!*#)7%0#/!*.&%#/4!@.!/#&!,(&I!/#!*:&!3.P6.[#!.&!/#!,%&'#/4!]#*;%+0! $#9!60#!1(&#!,%&'#/!&%'6#,#!.0').!/#&!-G&3%,.&!*.&%(m/%076#/!9!,%&'(m/%076#/4!!

x

50!./!3)%*.)(!$#9!60!&6)-(!2.&'%;6/#)!P6.!&.!.C'%.0,.!,.&,.!/#!1(&#!-.0')#/!9! &.!&%'G#!.0').!/#&!-G&3%,.&!2.&'%;6/#).&!9!&.!-(0'%0G#!-(0!./!&6)-(!2.&'%;6/#)! P6.!$#;<#!.0!/#!-()(0#I!.0!/#!-#)#!2.&'%;6/#)4!! O#9!60!&6)-(!,.!,.&#))(//(!-.0')#/!P6.!&.!.C'%.0,.!.0').!/#!1(&#!-.0')#/I! #')#2%.&#!./!).;(),.!')#0&2.)&(!9!//.7#!#!/#!1(&#!')%#076/#)!*.&%#/4!5/!&6)-(! -.0')#/!1).-6.0'.*.0'.!&.!-(0'%0G#!-(0!./!&6)-(!,./!).;(),.!(;/%-6(!P6.! -)6J#!./!).;(),.!(;/%-6(4!! 5C%&'.!'#*;%+0!./!&6)-(!(;/%-6(m,%&'#/!P6.!&.!&%'G#!.0').!/#&!-G&3%,.&!*.&%(m /%076#/!9!,%&'(m/%076#/!9!P6.!&.!-(0'%0G#!-(0!./!&6)-(!/%076#/I!3).&.0'.!.0!/#! -#)#!/%076#/4!! 5&!1).-6.0'.!.0-(0')#)!./!&6)-(!,.!='6#)'!P6.!&.!.0-6.0')#!.0').!/(&!,(&! ).;(),.&!')%#076/#).&!,.!/#!-G&3%,.!*.&%(m/%076#/4!! V6#0,(!$#9!V#)#;.//%!.0-(0')#*(&!./!&6)-(!,.!V#)#;.//%4!50!/(&!&.760,(&! *(/#).&!$#9!*:&!&6)-(&!-(*3/.*.0'#)%(&!P6.!/(&!3)%*.)(&4!! 50!/#!*(/#).&!,.!').&!-G&3%,.&!0(!$#9!&6)-(!(;/%-6(m,%&'#/I!0%!&6)-(!/%076#/I! 0%!1(&#!,%&'#/4!! @.&,.!(-/6&#/I!/#!&63.)1%-%.&!,.!-(0'#-'(!3()!*.&%#/!9!,%&'#/!&.!/(-#/%J#0!-#&%! .0!./!'.)-%(!*.,%(!,.!/#!-()(0#!&%.0,(!*:&!2.&'%;6/#)!.0!/(&!*.&%#/.&!P6.!/(&! ,%&'#/.&4!!

x

x x x x x

! S0&)0&(.%*'&(.'D"*'&a(( x 5&!60!,%.0'.!-(0!*6-$#&!2#)%#-%(0.&4!! x 50!7.0.)#/!'%.0.!60!'#*#[(!*.0()!P6.!/(&!(')(&!,(&4!! x "#!&63.)1%-%.!,%&'#/!0(!-(0'#-'#!-(0!0%07G0!,%.0'.4!! x =6!-#)#!(-/6&#/!&8/(!(-/69.0!-(0!./!'.)-.)!*(/#)!%01.)%()4!! x 50!/#!-()(0#I!/#!&63.)1%-%.!(-/6&#/!'%.0.!60!#&3.-'(!#))67#,(!3()!/#!3).&.0-%#! ,.!06*.)(&(&!1(&#&!9!&6)-(&4!!

x

5/!0G*.)(!,.!-G&3%,.&!.&!2#)%#;/.!36,%.0,(!//.7#)!#!'.0.)!$#&'#!(-$(! -G&3%,.&4!=%.0,(!/#!*:&!7)#0,.!.0!/#!*.&%(m/%076#/4!! x 5/!).;(),.!(;/%-6(!.&':!3(-(!,.&#))(//#,(4!! x "#!-()(0#!&.!.&').-$#!*:&!$#-%#!/%076#/!P6.!/(&!(')(&4!! x =.!&%76.0!2%.0,(!(')#&!)#<-.&I!3.)(!./!')(0-(!)#,%-6/#)!.&!*69!/#)7(!,.!/#! )#<-.&!*69!3#)#/./#&!&%.0,(!*:&!-()'#&!.0!/#&!,./!3)%*.)(!P6.!,./!&.760,(! *(/#)4!! ! 7%*'&0#(.',@"C?*'&0#](( x 5/!3)%*.)!*(/#)!*#0,%;6/#)!'%.0.!-%0-(!-G&3%,.&I!-69(&!'#*#[(!)./#'%2(!&(0`! /#!*.&%(m/%076#/!.&!*#9()!P6.!/#!,%&'(m/%076#/!P6.!.&!*#9()!P6.!/#!*.&%(m 2.&'%;6/#)!P6.!.&!*#9()!P6.!/#!,%&'(m2.&'%;6/#)!*#9()!P6.!,%&'#/4!! x 50!./!&.760,(!$#9!-6#')(!-G&3%,.&!9!./!(),.0!.&!*.&%(m/%076#/!*#9()!P6.! ,%&'(m/%076#/!*#9()!P6.!*.&%(m2.&'%;6/#)!*#9()!P6.!,%&'(m2.&'%;6/#)4!! x 5/!3)%*.)!*(/#)!'%.0.!60!'#*#[(!*#9()!P6.!./!&.760,(!*(/#)4!! x "#!)#<-.&!'#0'(!/#&!,./!3)%*.)(!-(*(!/#&!,./!&.760,(!'%.0.0!60#!/(07%'6,! %76#/!3.)(!/#&!,./!3)%*.)(!&(0!*:&!,%2.)7.0'.&!9!-(0!60!')(0-(!)#,%-6/#)!*:&! -()'(!P6.!/#&!,./!&.760,(4!O#9!,(&!)#<-.&!60#!*.&%#/!9!(')#!,%&'#/!&%.0,(! *#9()!/#!*.&%#/4!! !

R;'&'(G0#$"C?*'&a(( x x

!

5/!,%:*.')(!*.&%(m,%&'#/!.0!/(&!3)%*.)(&!.&!*#9()!P6.!/(&!&.760,(&4!! 5/!3)%*.)!*(/#)!'%.0.!60#!,%*.0&%80!*.&%(m,%&'#/!*#9()4!50!#*;(&!./! ,%:*.')(!*.&%(m,%&'#/!.&!*#9()!P6.!./!-+)2%-(m(-/6&#/!P6.!.&!*#9()!P6.!./! 2.&'<;6/(m/%076#/4!! x 50!./!3)%*.)!*(/#)!$#9!').&!-G&3%,.&!3()!2.&'%;6/#)`!*.&%(m2.&'%;6/#)I!,%&'(m 2.&'%;6/#)!9!,%&'#/!&%.0,(!/#!*:&!7)#0,.!.0!/#!*.&%(m2.&'%;6/#)4!! x 50!./!3)%*.)!*(/#)!'#*;%+0!$#9!,(&!&6)-(&`!60!&6)-(!*.&%(m2.&'%;6/#)!9!60! &6)-(!,%&'(m2.&'%;6/#)!&%.0,(!./!*:&!/#)7(!./!*.&%(m2.&'%;6/#)!P6.!36.,#! #-#;#)!.0!60#!182.#4!! x L#0'.0%.0,(!./!,%.0'.!.0!3(&%-%80!2.)'%-#/!&.!2.0!/#&!-G&3%,.&!/%076#/.&!3()! /(!P6.!&(0!*:&!#/'#&!P6.!/#&!2.&'%;6/#).&4!! x

50!./!&.760,(!*(/#)!$#9!,(&!-G&3%,.&!2.&'%;6/#).&`!/#!-G&3%,.!*.&%(m 2.&'%;6/#)!9!/#!,%&'(m2.&'%;6/#)!9!.0').!.//#&!$#9!60!&6)-(!2.&'%;6/#)!P6.!36.,.! #-#;#)!.0!60#!182.#4!! x =.!36.,.0!2.)!'#*;%+0!/#&!-G&3%,.&!/%076#/.&!,.&,.!2.&'%;6/#)4!! !

x

"#&!-()(0#&!-(02.)7.0!$#-%#!./!-6.//(4!=%.0,(!*:&!//#*#'%2(!.0!/(&!3)%*.)(&! P6.!/(&!&.760,(&4!! x "#&!-()(0#&!.&':0!%0-/%0#,#&!$#-%#!,%&'#/I!&%.0,(!*:&!//#*#'%2(!/(&!3)%*.)(&! P6.!/(&!&.760,(&4!! x "#!&63.)1%-%.&!,.!-(0'#-'(!.0!#*;(&!&(0!%76#/.&4!"#!&63.)1%-%.!,.!-(0'#-'(! *.&%#/!&.!&%'G#!.0!/#!60%80!,./!'.)-%(!*.,%(!-(0!./!'.)-%(!(-/6&#/!9!/#! &63.)1%-%.!,.!-(0'#-'(!,%&'#/!&.!&%'G#!.0!./!'.)-%(!*.,%(4!!

!

x

"#&!/<0.#&!-.)2%-#/.&!&(0!*:&!(!*.0(&!).-'#&4!

x

50!#*;(&!$#9!60#!)#<J!*.&%#/!9!60#!)#<J!,%&'#/!P6.!&(0!-#&%!./!,(;/.!,.!/#! -()(0#!.0!/(07%'6,4!! 50!./!3)%*.)!*(/#)I!/#!)#<J!*.&%#/!.&':!'()&%(0#,#!,.!1()*#!P6.!,.&,.! 2.&'%;6/#)!&.!2.!3#)'.!,.!/#!&63.)1%-%.!,%&'#/!,.!/#!)#<J4!! 50!#*;(&!$#9!60#!,.3).&%80!/(07%'6,%0#/!.0!./!')(0-(!)#,%-6/#)4!! 5/!')(0-(!)#,%-6/#)!.&!*:&!/#)7(!/(&!&.760,(&!.0!/(&!3)%*.)(&4!! 50!/(&!3)%*.)(&I!5/!:3.C!,.!/#!)#<J!*.&%#/!.&':!.0!/<0.#!-(0!./!&6)-(!*.&%(m 2.&'%;6/#)!9!./!:3.C!,.!/#!)#<J!,%&'#/!.&!,%&'#/!#/!-(0'()0(!,.!/#!-()(0#4!! 50!/(&!&.760,(&!*(/#).&I!./!')(0-(!)#,%-6/#)!.&!*:&!/#)7(!9!/#&!)#<-.&!*:&! 3#)#/./#&!9!*.0(&!,%2.)7.0'.&4!! 5/!:3.C!,.!/#!)#<J!*.&%#/!&.!&%'G#!3):-'%-#*.0'.!.0!/<0.#!-(0!./!&6)-(! 2.&'%;6/#)4!"(&!:3.C!,.!'(,#&!&6./.0!.&'#)!.0!-6)2#,(&!$#-%#!,%&'#/4!!

x x x x x x !

R;'&'(*",B?'*a(( x x x x x x !

50!#*;(&!&.!2.0!,(&!-G&3%,.&!/#)7#&!9!//#*#'%2#&`!60#!-G&3%,.!*.&%(m/%076#/! 9!60#!-G&3%,.!,%&'(m/%076#/4!! "#!*.&%(m/%076#/!.&!*#9()!P6.!/#!,%&'(m/%076#/!9!.0').!#*;#&!$#9!60!&6)-(! /%076#/4!! 50!#*;(&I!/#!-()(0#!9!/#&!)#<-.&!-(02.)7.0!$#-%#!/%076#/I!&%.0,(!*:&! //#*#'%2(!.0!/(&!3)%*.)(&!P6.!.0!/(&!&.760,(&4!! "#!/<0.#!-.)2%-#/!.&!3):-'%-#*.0'.!).-'#4!! 50!#*;(&!$#9!60#!,.3).&%80!.0!./!')(0-(!)#,%-6/#)!9!.0!#*;(&!./!')(0-(! )#,%-6/#)!3()!/%076#/!.&!*:&!/#)7(!P6.!3()!2.&'%;6/#)4!! 50!./!3)%*.)!*(/#)!,.!.&'.!/%076#/!&.!,.!/#!-#)#!*.&%#/!,.!/#!)#<J!*.&%#/!3()!/#! '()&%80!,.!/#!-()(0#4!!

( ( RR;'&'(F&%D".'*a(( x x x x x

x x

"#!-).&'#!,.!/#!-6)2#'6)#!2.&'%;6/#)!.0!#*;(&!&%'G#!.0!./!'.)-%(!-.)2%-#/I! &%.0,(!.&'(!*:&!//#*#'%2(!.0!./!&.760,(!*(/#)!,.;%,(!#!/(&!).;(),.&! -.)2%-#/.&!2.&'%;6/#).&4!! "#!-).&'#!,.!/#!-6)2#'6)#!/%076#/!&.!&%'G#0!./!'.)-%(!*.,%(4!! 50!#*;(&I!/#!-()(0#!.&':!%0-/%0#,#!$#-%#!/%076#/4!! "#!-()(0#!&.!%0-/%0#!$#-%#!,%&'#/!9!&.!.&').-$#!$#-%#!,%&'#/4!! 5/!).;(),.!*#)7%0#/!*.&%#/!.&!*:&!/#)7(!9!-80-#2(!./!,%&'#/!9!36.,.!$#;.)! &6)-(&!.0!./!).;(),.!*#)7%0#/!*.&%#/!&%.0,(!.&'(!*:&!1).-6.0'.!.0!./!3)%*.)(! P6.!.0!./!&.760,(4!5&!1).-6.0'.!60!&6)-(!.0!./!).;(),.!*#)7%0#/!,%&'#/!,./! 3)%*.)(4!! "#!/<0.#!-.)2%-#/!.&!).-'#I!(!/%7.)#*.0'.!%0-/%0#,#4!! "#!)#<J!*.&%#/!.&!*:&!#0-$#!9!/#)7#!P6.!/#!,%&'#/!9!&.!2.0!,.3).&%(0.&! /(07%'6,%0#/.&!.0!/#!&63.)1%-%.!*.&%#/!.0!/#!&63.)1%-%.!,%&'#/!&%.0,(!*:&! 3)(160,#!/#!*.&%#/4(

( !

R;'&'(%)*?#'*I((

2*(F&".0&(.%*'&(.',@"C?*'&('%.0.! 60#! 1()*#! 2%&'#! ,.&,.! #P6
2*( $0&)0&( .%*'&( .',@"C?*'&( 3).&.0'#! 06*.)(&#&! 2#)%#-%(0.&4! 5&! ./! *:&! -()'(! ,.! '(,(&!/(&!,%.0'.&!*#0,%;6/#).&4!! x =6! -()(0#! .&! *69! &%*%/#)! #! /#! ,.! 60! 3)%*.)! (! &.760,(! *(/#)! *#0,%;6/#)I! #60P6.! /#! -()(0#! .&':! *:&! #;(//(0#,#! 9! -(0! *:&! %0-/%0#-%80! $#-%#! ,%&'#/! 9! /%076#/4!! x 5/!'#*#[(!,.!/#&!-G&3%,.&!.&!#3)(C%*#,#*.0'.!%76#/!#/!,.!/(&!(')(&!&%.0,(! *:&!#/'#&!/#&!/%076#/.&4!! x 50!/#!&63.)1%-%.!(-/6&#/!$#9!*:&!&6)-(&!9!182.#&!P6.!.0!/#&!(')#&4!! x "#&!)#<-.&!&(0!*:&!-()'#&!9!'%.0.0!')(0-(&!)#,%-6/#).&!*69!/#)7(&!3()!/(!P6.! .&':0!-#&%!16&%(0#,#&4! ! "#&!-#2%,#,.&!36/3#).&!&(0!60(&!.&3#-%(&!P6.!&.!.0-6.0')#0!.0!./!%0'.)%()!,.!/#&!3%.J#&! ,.0'#)%#&!9!P6.!-(0'%.0.0!/#!36/3#!,.0'#/I!P6.!.&!60!'.Q%,(!-(0Q60'%2(!%0.)2#,(!9! 2#&-6/#)%J#,(!9!P6.!-(*G0*.0'.!&.!-(0(-.!-(*(!./!0.)2%(!,./!.&*#/'.4!! =.! .0-6.0')#! ).2.&'%,#! %0'.)0#*.0'.! 3()! /(&! (,(0'(;/#&'(&! EP6.! 1#;)%-#0! ,.0'%0#A! 9! &6&! 160-%(0.&!&(0>!! x O&,)*7,!;2.3'1*='`!,.!,.0'%0#4!! x O&,)*7,! ,&1.*1*='`! 9#! P6.! 3()! &6! 1/6Q(! 2#&-6/#)! #3()'#! /(&! 06')%.0'.&! .! %(0.&! 0.-.&#)%(&!3#)#!./!*.'#;(/%&*(!,./!,%.0'.4!! x O&,)*7,!(/,(*1*='`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x S"F%( 9I( -(0,6-'(&! G0%-(&! P6.! &.! #;).0! #/! .C'.)%()! 3()! 60! G0%-(! ()%1%-%(! #3%-#/4!! x S"F%#( 99>! .&! -6#0,(! .0! 60#! )#<J! $#;)<#! ,(&! -(0,6-'(&! 3#)#/./(&! P6.! &.! 16&%(0#0! .0! ./! '.)-%(! #3%-#/! ,.! /#! )#<J! 9! &.! #;).0! #/! .C'.)%()! 3()! 60! G0%-(! ()%1%-%(!#3%-#/4!! x S"F%( 999>! .&! -6#0,(! 60#! )#<J! $#;)<#! ,(&! -(0,6-'(&! 3#)#/./(&! P6.! &.! #;).0! 3()!,(&!#76Q.)(&!#3%-#/.&!,%1.).0'.&4!! x S"F%(9J>!.&!-6#0,(!.0!60#!)#<J!$#9!60!-(0,6-'(!#!3#)'%)!,./!-6#/!&.!,%2%,.!#! 0%2./!,./!'.)-%(!#3%-#/!#;)%+0,(&.!./!.C'.)%()!3()!,(&!()%1%-%(&!#3%-#/.&4!!

! F!2.-.&I!.0!./!:3.C!$#9!2#)%(&!()%1%-%(&!P6.!&.!,.0(*%0#0!'D&J/.2(!'))/(2.*2(4!! !

;'G"@'@0#(F?*F'&0#(0,(@"0,$0#(',$0&"%&0#I(( x

!

"#&!-:*#)#&!).3)(,6-.0!/#!1()*#!,.!/#!-()(0#!,.!*#0.)#!P6.!&%!&.--%(0#*(&! /#! -()(0#! .0! &.0'%,(! 2.&'<;6/(m/%076#/! 2.*(&! -8*(! /#! -:*#)#! 36/3#)! &.! .&').-$#!$#-%#!%0-%&#/4!! x =%! /#! 2.*(&! .0! &.0'%,(! *.&%(m,%&'#/! /#! 3#)'.! #0-$#! &.)<#! -.)-#0#! #/! ;(),.! %0-%&#/!,.!1()*#!P6.!&.!.&').-$#!$#-%#!./!-6.//(4!!

;%,@?)$%(&'@")?*'&0#(0,(@"0,$0#(',$0&"%&0#I(( x

!

=6./.0! &.)! 7.0.)#/*.0'.! ,.! '%3(! DD! 3.)(! ?Mq! ,.! /(&! ,%.0'.&! #0'.)%().&! *#0,%;6/#).&!'%.0.0!-(0,6-'(&!'%3(!DDD!9!,./!?fmNMq!,.!'%3(!DD4!!

;'G"@'@0#(F?*F'&0#(0,(F&0.%*'&0#I(( x

!

"#!-:*#)#!).3)(,6-.!'#*;%+0!/#!1()*#!,.!/#!-()(0#I!3()!/(!P6.!60#!&.--%80! 2.&'<;6/(m/%076#/!*(&')#)<#!60#!-:*#)#!-(0!,(&!-6.)0(&!.0!./!'.-$(!36/3#)`!?! 2.&'%;6/#)!9!?!/%076#/!-()).&3(0,%.0'.!#!-#,#!-G&3%,.4!! x 50!60#!&.--%80!*.&%(m,%&'#/I!2.*(&!60#!-:*#)#!-(0!&6!2+)'%-.!).,(0,.#,(! ).3)(,6--%80!,.!/#!1()*#!,.!/#!-()(0#4!!

;%,@?)$%#(&'@")?*'&0#(0,(F&0.%*'&0#I((

"(&! -(0,6-'(&! .0! ./! <.*3/.! <./32%'.! 3'0*%'.I! .0! ./! nbq! ,.! /(&! -#&(&! &(0! ,.! '%3(! D! $#;%.0,(!60!-(0,6-'(!2.&'%;6/#)!.0!/#!)#<J!2.&'%;6/#)!9!60!-(0,6-'(!/%076#/!.0!/#!)#<J!/%076#/4!! x V6#0,(!/#!)#<J!,.!.&':!,%2%,%,#!.0!/(&!-(0,6-'(&!36.,.0!&.)!,.!'%3(!DD!(!DDD4!! x 5/! ()%1%-%(! ,.! #;.)'6)#! .0! ./! &6./(! ,.! /#! -:*#)#! ,./! -(0,6-'(! 2.&'%;6/#)! &.! &%'G#! /%076#/! #! /#! &6! -G&3%,.! 2.&'%;6/#)! 9! ./! ()%1%-%(! ,./! -(0,6-'(! /%076#/! .&! /%076#/!#!/#!1(&#!-.0')#/4!! "(&!-(0,6-'(&!.0!./!(/D&,-2!<./32%'.!3'0*%'.!.0!60!kbq!&(0!,.!'%3(!D4!5/!(')(!kbq! &(0!,.!'%3(!DD!9!DDD4!! x "(&!()%1%-%(&!,.!#3.)'6)#!&(0!&%*%/#).&!#/!,./!3)%*.)!3).*(/#)!*#C%/#)!-6#0,(! $#9!,(&!-(0,6-'(&4!=%!60!&(/(!-(0,6-'(!&.!&%'G#!.0!./!-.0')(!,./!,%.0'.4!! "(&!-(0,6-'(&!.0!/(&!<./32%'./(!3',-*5&%'./(!-#&%!&%.*3).!&(0!,.!'%3(!D!9!,.!'%3(!DY4!! x 50!./!<.*3/.!<./32%'.!3',-*5&%'.I!./!fkq!.&'.!'%3(!D!9!./!Kkq!,.!'%3(!DY4!! x 50!./!(/D&,-2!<./32%'.!3',-*5&%'.!./!nfq!.&'.!'%3(!D!9!./!Mq!,.!'%3(!DY4!! x 5/!()%1%-%(!,.!#3.)'6)#!&.!&%'G#!2.&'%;6/#)!#!/#!1(&#!-.0')#/4! ! !

;'G"@'@0#(F?*F'&0#(@0(*%#(.%*'&0#(.'D"*'&0#I(( x

"#! -()(0#! '%.0.! '#0'(&! -6.)0(&! -(*(! -G&3%,.&4! 5/! *:&! 7)#0,.! ;#&.! .0! ./! *.&%(m/%076#/4!! x "(&!-6.)0(&!&.!.0-6.0')#0!#/.Q#,(&!,./!2+)'%-.!,.!/#&!-G&3%,.&4!! x 50!/(&!*(/#).&!*#C%/#).&I!3#)'.!,.!/#!-()(0#!&.!&%'G#!.0!./!')(0-(!)#,%-6/#)4!! !

x

"(&!)%,@?)$%#!0()*#/*.0'.!&(0!-6#')(!.0!./!3)%*.)!*(/#)!*#C%/#)`!!

x x x !

!

!

p0(!.0!/#!)#<J!/%076#/!P6.!2#!#!&.)!,.!'%3(!D4!! Z')(!.0!/#!)#<J!,%&'(m2.&'%;6/#)!P6.!.&'.!'%3(!DD4!! 50! /#! )#<J! 9! *.&%(m2.&'%;6/#)! $#9! ,(&>! 60(! *.&%(m/%076#/! 9! (')(! *.&%(m 2.&'%;6/#)!9!#*;(&!&(0!,.!'%3(!DDD4!!

x x x

"(&!%&"E")"%#!P6.!&.!2#0!#!3).&.0'#)!&(0>!! 5/!()%1%-%(!/%076#/!&.!/(-#/%J#!,.;#Q(!,.!/#!-G&3%,.!*.&%(m/%076#/4!! 5/!()%1%-%(!,%&'(m2.&'%;6/#)!&.!&%'G#!.0!/#!/<0.#!-(0!./!()%1%-%(!/%076#/!9!./!&6)-(! 2.&'%;6/#)! 9! .&! -#&%! %0*.,%#'#*.0'.! #0'.)%()! #/! :076/(! ,.! /#! 3#).,! ,%&'#/! 9! 2.&'%;6/#)!#!/#!-:*#)#!36/3#)4!! x 5/!()%1%-%(!*.&%(m2.&'%;6/#)!&.!&%'G#!*.&%#/!#!/#!-G&3%,.!*.&%(m2.&'%;6/#)4!! x 5/!()%1%-%(!*.&%(m/%076#/!&.!&%'G#!#!KmM!**!,%&'#/!9!/%076#/!#/!()%1%-%(!*.&%(m 2.&'%;6/#)4!! x

50!./!(/D&,-2!32%'.!3'0*%'.!-#&%!&%.*3).!.0-(0')#*(&!').&!-(0,6-'(&I!60(!3()! )#<J`!/%076#/I!*.&%(m2.&'%;6/#)!9!,%&'(m2.&'%;6/#)4!50!60!?fq!$#9!N!-(0,6-'(&! ,.!1()*#!%76#/!P6.!./!3)%*.)!*(/#)!*#C%/#)4!! x "(&!()%1%-%(&!&(0!&63.)!3(0%;/.&!#!/(&!,./!3)%*.)!*(/#)!*#C%/#)!&8/(!P6.!#/7(! *:&!-.)-#!60(&!,.!(')(&4!!

;'G"@'@0#(0,(*%#(.%*'&0#(.',@"C?*'&0#I((

50!/(&!*(/#).&!*#0,%;6/#).&!0(&!.0-(0')#*(&!,(&!)#<-.&`!60#!*.&%#/!9!60#!,%&'#/!! ! M450! ./! <.*3/.! 32%'.! 3',-*5&%'.! '.0.*(&! ,(&! )#<-.&! 9! M! -(0,6-'(&`! ,(&! -(0,6-'(&! *.&%#/.&>! *.&%(m2.&'%;6/#)!9!*.&%(m/%076#/!9!60!-(0,6-'(!,%&'#/4!! x 50!./!cbq!,.!/(&!-#&(&!&(0!,.!'%3(!DDD!9!.0!60!Nbq!,.!'%3(!DD4!! x 50! /#! )#<J! ,%&'#/! ,.! .&'.! '%3(! D! ./! fbq! #60P6.! #! 2.-.&! 36.,.! $#;.)! ,(&! -(0,6-'(&!,.!'%3(!DD!-(0!./!Mbq4!! ! "(&!%&"E")"%#!,.!#3.)'6)#!&(0>!! x L.&%(m2.&'%;6/#)!%0*.,%#'#*.0'.!*.&%#/!#!/#!-G&3%,.!*.&%(m2.&'%;6/#)4!! x L.&%(m/%076#/!%0*.,%#'#*.0'.!/%076#/!#/!&6)-(!,./!).;(),.!*#)7%0#/!*.&%#/4!! x @%&'#/!.&!,%&'#/!#/!-.0')(!,.!/#!-()(0#4!! ! Q450!./!(/D&,-2!32%'.!3',-*5&%'.!$#9!,(&!)#<-.&!-(0!').&!-(0,6-'(&!,.!*#0.)#!P6.>!! x "#!)#<J!*.&%#/!'%.0.!-(0,6-'(&!,.!'%3(!DD!9!,.!'%3(!DDD4!! x "#!)#<J!,%&'#/!'%.0.!-(0,6-'(&!,.!'%3(!?!.&'#0,(!/#!,%1.).0-%#!-(0!./!3)%*.)! *(/#)!*#0,%;6/#)!.0!P6.!#P6
9,)"#"G%(*'$0&'*(.'D"*'&I(( x 5/!,%:*.')(!*.&%(m,%&'#/!.&!*.0()!P6.!./!2.&'<;6/(m/%076#/4!! x "#!-#2%,#,!36/3#)!.&!(2(%,.!.0!&.--%80!')#0&2.)&#/4!! x X6.,.!$#;.)!,.3).&%(0.&!.0!/#!-#)#!*.&%#/!9!,%&'#/!&%.0,(!*:&!3)(160,#!,.!/#! *.&%#/4!! ! ( 9,)"#"G%()0,$&'*(.',@"C?*'&(0(",)"#"G%(*'$0&'*(.',@"C?*'&I(( x 50!/#!)#<J!./!,%:*.')(!2.&'<;6/(m/%076#/!.&!*#9()!P6.!./!*.&%(m,%&'#/4!! x O#9!,.3).&%(0.&!'#0'(!*.&%#/!-(*(!.0!,%&'#/!&%.0,(!/#!,%&'#/!*:&!3)(160,#4!! x "#!-#/%,#,!36/3#)!.&!(2(%,.!.0!60#!&.--%80!')#0&2.)&#/4!! ! Y&".0&(F&0.%*'&(.'D"*'&I(( x "#! )#<J! &.! .0-6.0')#! ,%2%,%,#`! '%.0.! 60#! )#<J! 2.&'%;6/#)! 9! (')#! /%076#/! 9! .&! '<3%-#! /#! ,.3).&%80! 3)(160,#! .0! /#! -#)#! *.&%#/! P6.! &.! -(0'%0G#! -(0! /#! ,.3).&%80!.0!/#!-#)#!*.&%#/!,.!/#!-()(0#4!! x 50!/#!&63.)1%-%.!,%&'#/!36.,.!$#;.)!#/760#!,.!3).&%80!&6#2.4!! ! 30B?,@%(F&0.%*'&(.'D"*'&I(( x ]%.0.! 60#! )#<J! .0! /#! P6.! 36.,.! $#;.)! 60#! ,.3).&%80! .0! *.&%#/! 3.)(! 0(! &.! -(0'%0G#!-(0!0%0760#!,.!3).&%80!.0!/#!-()(0#4!! x 50!/#!&63.)1%-%.!,%&'#/!$#9!60#!,.3).&%80!3)(160,#4!! ! Y&0.%*'&0#(.',@"C?*'&0#I(( x 50! ./! 3)%*.)! 3).*(/#)! *#0,%;6/#)! '.0.*(&! ,.3).&%(0.&! 3()! *.&%#/! 9! 3()! ,%&'#/!&%.0,(!/#!*:&!3)(160,#!/#!,%&'#/4!! x 50! ./! &.760,(! 3).*(/#)! *#0,%;6/#)! 0(! $#9! ,.3).&%(0.&! .0! *.&%#/! 9! &%! $#9! ,.3).&%80!3)(160,#!.0!,%&'#/4!! ! 7%*'&0#(.'D"*'&0#I(( x "(&!*(/#).&!*#C%/#).&!'%.0.0!').&!)#<-.&`!?!/%076#/I!*.&%(m2.&'%;6/#)!9!,%&'(m 2.&'%;6/#)4!! x "#&! 16)-#-%(0.&! &.! &%'G#0! .0! /#! 60%80! ,./! '.)-%(! -.)2%-#/! -(0! ./! *.,%(4! 5/! &.760,(!*(/#)!'%.0.!./!'.)-%(!)#,%-6/#)!*:&!/#)7(!P6.!./!3)%*.)(4!! x "#&! 16)-#-%(0.&! &.! &%'G#0! #! 0%2./! *.,%(m2.&'%;6/#)I! *.,%(m*.&%#/! 9! *.,%(m ,%&'#/!E.&!,.-%)!,.!-#,#!#!-#)#!.0!./!*.,%(4A!! x ]#0'(!.0!./!3)%*.)!*(/#)!-(*(!.0!./!&.760,(!$#9!,.3).&%(0.&!/%7.)#&!.0!/#! &63.)1%-%.!/%076#/!,.!/#!-#)#!/%076#/4!! x ]#0'(! .0! ./! 3)%*.)(! -(*(! .0! ./! &.760,(! $#9! ,.3).&%(0.&! .0! ./! ')(0-(! )#,%-6/#)!3()!*.&%#/4!! x 50! ./! 3)%*.)(! $#9! ,.3).&%(0.&! 3)(160,#&! '#0'(! 3()! /#! &63.)1%-%.! *.&%#/! -(*(!3()!/#!,%&'#/!,.!/#!)#<J!*.&%(m2.&'%;6/#)4!! ! 7%*'&0#(.',@"C?*'&0#I(( x ]%.0.0!,(&!)#<-.&`!60#!*.&%#/!9!(')#!,%&'#/!&%.0,(!/#!*.&%#/!*:&!#0-$#!9!/#)7#4!!

x x

5/!')(0-(!,./!3)%*.)(!.&!*:&!-()'(!P6.!/#!,./!&.760,(4!! "#!16)-#-%80!&.!&%'G#0!./!'.)-%(!-.)2%-#/!9!.0!60#!3(&%-%80!*.,%(m2.&'%;6/#)!9! *.,%(m/%076#/4!! x =6./.!(;&.)2#)&.!,.3).&%(0.&!3)(160,#&!.0!/#!-#)#!*.&%#/!,.!/#!)#<J!*.&%#/!9! '#*;%+0!,.3).&%(0.&!.0!')(0-(!)#,%-6/#)!3()!*.&%#/!9!/%076#/4!! ! ! "(&! ,%.0'.&! '.*3()#/.&! &(0! 2.%0'.! 3%.J#&! P6.! -(*%.0J#0! #! &#/%)! #/! &.C'(! *.&! 9! &.! -(*3/.'#0! $#-%#! /(&! ,(&! #[(&4! O#-%#! /(&! &.%&! #[(&! .*3%.J#0! #! .)63-%(0#)! /(&! 3)%*.)(&! *(/#).&! 9! /#! .)63-%80! ,.! /#! ,.0'#,6)#! ,.1%0%'%2#! &.! -(*3/.'#! $#-%#! /(&! ,(-.! #[(&! -(0! /(&! &.760,(&!*(/#).&4!! ! 50').! /(&! &.%&m,(-.! #[(&! $#9! 60#! ,.0'%-%80! *%C'#! ,.! 1()*#! P6.! -(.C%&'.0! 3%.J#&! '.*3()#/.&! 9! 3.)*#0.0'.&4! V#,#! 3%.J#! 3.)*#0.0'.! (-63#0! .&3#-%(! ,.! &6! 3).,.-.&()! '.*3()#/!.C-.3'(!/(&!*(/#).&!3.)*#0.0'.&!P6.!&6)7.0!,%&'#/*.0'.!#!/(&!*(/#).&!'.*3()#/.&4!! !

>?,)"%,0#(@0(*%#(@"0,$0#($0.F%&'*0#I(( x

X.)*%'.0!/#!*#&'%-#-%80!.1%-%.0'.!,.!/#!-(*%,#!3.)*%'%.0,(!60#!;6.0#!,%.'#! 3#)#!./!0%[(4!! x X.)*%'.!60#!;6.0#!3)(060-%#-%804!! x L#0'%.0.0!/#!#3#)%.0-%#!2.&'%;6/#)!,.!/#!;(-#4!! x p0#! ,.! /#! 160-%(0.&! *:&! %*3()'#0'.&! .&! P6.! -).#! .0! ./! .&3#-%(! &61%-%.0'.! 3#)#!P6.!&6)Q#0!/#&!3%.J#&!3.)*#0.0'.&!.0!60#!3(&%-%80!-()).-'#4!! ! ;'&')$0&+#$")'#(B0,0&'*0#(@0(*%#(@"0,$0#($0.F%&'*0#](( x @%.0'.&!*:&!;/#0-(&!P6.!/(&!3.)*#0.0'.&4!! x 5&':0!*.0(&!*%0.)#/%J#,(&!,.!1()*#!P6.!/#&!-#3#&!,.!,.0'%0#!9!.&*#/'.!&(0! *:&!1%0#&4!! x "#&!-#2%,#,.&!36/3#).&!&(0!*:&!#*3/%#&4!! x =.!,.&7#&'#0!-(0!1#-%/%,#,4!! x ]%.0.0!*.0(&!2#)%#-%(0.&!P6.!/(&!3.)*#0.0'.&4!! x ]%.0.0!60#&!-()(0#&!*:&!#;6/'#,#&!9!-(0!60!'#*#[(!*.0()!P6.!/(&!,%.0'.&! 3.)*#0.0'.&4!! ! ;'&')$0&+#$")'#(@0(*%#(@"0,$0#(',$0&"%&0#](( x ]%.0.0!60#!&63.)1%-%.&!/%&#&4!! x _(!$#9!*#*./(0.&!.0!./!;(),.!%0-%&#/4!! x ]%.0.0!).;(),.&!-.)2%-#/.&!//#*#'%2(&4!! x "(&! -<076/(&! .&':0! *69! ,.&#))(//#,(&! ,.! 1()*#! P6.! (-63#0! '(,(! ./! '.)-%(! -.)2%-#/!,.!/#!-()(0#4!! x "#&!)#<-.&!&(0!*69!/#)7#&!3)(3()-%(0#/*.0'.!#/!'#*#[(!,.!/#!-()(0#4!! x 5/!:3.C!&.!%0-6)2#!$#-%#!2.&'%;6/#)4!! ! ;'&')$0&+#$")'#(@0(*%#(@"0,$0#(F%#$0&"%&0#](( x "#&! -()(0#&! &(0! *.&%(m,%&'#/! *69! 7)#0,.&4! EL.&%(m,%&'#/! *#9()! P6.! ./! -+)2%-(m(-/6&#/!*#9()!P6.!2.&'<;6/(m/%076#/4!A!

x x x x x

"#! &63.)1%-%.! (-/6&#/! '%.0.! -G&3%,.&! (;'6&#&! 9! /#&! 1(&#&! 9! &6)-(&! &(0! 3(-(! 3)(160,(&4!! 50! &6&! -#)#&! $#9! 3(-(&! &6)-(&! 9! &6./.0! 3).&.0'#)! 60! ).;(),.! -.)2%-#/! *69! #;6/'#,(!&(;).!'(,(!.0!*.&%#/4!! "#! )#<-.&! '%.0.0! 60! 0G*.)(! %76#/! P6.! /(&! 3.)*#0.0'.&`! *#C%/#).&! M! 9! *#0,%;6/#).&!K4!! 5/!')(0-(!)#,%-6/#)!.&!*69!-()'(!-(0!)#<-.&!*69!,%2.)7.0'.&!#/!-(0')#)%(!,.! /(! P6.! (-6))<#! .0! /(&! &63.)%().&! 9! #,.*:&! /(&! &.760,(&! *(/#).&! &(0! -(0! ')(0-(&!*:&!-()'(&!9!*:&!,%2.)7.0'.&!P6.!/(&!3)%*.)(&!*(/#).&4!! 5/!3)%*.)!*(/#)!.&!*:&!3.P6.[(!P6.!./!&.760,(!#/!-(0')#)%(!'#*;%+0!P6.!/#! ,.0'#,6)#!,.1%0%'%2#4!!

! 4'#B%#(@0(*%#(",)"#"G%#I((

;'&'(G0#$"C?*'&I(( x x x x x !

!

5/! %0-%&%2(! /#'.)#/! *#C%/#)! .&! ./! G0%-(! P6.! '%.0.! 60! ,%:*.')(! *.&%(m,%&'#/! *#9()!P6.!./!-+)2%-(m(-/6&#/4!! =6!-()(0#!&.!.&').-$#!$#-%#!./!-6.//(4!! "#&! -()(0#&! ,.! /(&! %0-%&%2(&! -.0')#/.&! &(0! *:&! &%*+')%-#! P6.! /#&! ,.! /(&! %0-%&%2(&!/#'.)#/.&4!! "#!)#<-.&!&(0!*69!/#)7#&!.0!3)(3()-%80!#!/#!-()(0#4!! "#&! -()(0#&! '%.0.0! &63.)1%-%.&! /%&#&! 9! 60! '#*#[(! *.0()! P6.! .0! /(&! ,%.0'.&! 3.)*#0.0'.&4!!

x

50! ./! %0-%&%2(! -.0')#/! *#C%/#)! ./! :076/(! *.&%(m%0-%&#/! .&! ).-'(! 9! ./! ,%&'(m %0-%&#/!.&!).,(0,.#,(4!! x 50!./!%0-%&%2(!/#'.)#/!*#C%/#)!,.!/(&!,(&!:076/(&!&(0!).,(0,.#,(&4!! x 50!./!%0-%&%2(!-.0')#/!*#0,%;6/#)!/(&!,(&!:076/(&!&(0!).-'(&4!! x 5/! %0-%&%2(! /#'.)#/! *#0,%;6/#)! ./! :076/(! *.&%(m%0-%&#/! .&! ).-'(! 9! ./! ,%&'(m %0-%&#/!.&!).,(0,.#,(4!! x

!

"#!&63.)1%-%.&!,.!-(0'#-'(!&(0!%76#/.&!P6.!/(&!3.)*#0.0'.&4!"#!*.&%#/!.&!*:&! %0-%&#/!P6.!/#!,%&'#/!9!&.!&%'G#!.0!./!'.)-%(!%0-%&#/!.C-.3'(!.0!./!%0-%&%2(!-.0')#/! *#0,%;6/#)!,(0,.!#*;#&!.&':0!#!/#!*%&*#!#/'6)#4!!

;'&'(*",B?'*I(( x x

!

=.!2.0!-<076/(&!,.&#))(//#,(&!.0!/(&!*#C%/#).&!*:&!P6.!.0!/(&!*#0,%;6/#).&4!! H.;(),.&! *#)7%0#/.&! *69! ,.&#))(//#,(&! .0! /(&! *#C%/#).&! *:&! P6.! *#0,%;6/#).&!9!'(,(&!-(02.)7.0!$#-%#!/%076#/4!!

;'&'(F&%D".'*I(( x x

]%.0.!1()*#!,.!-6[#4!! 50!./!*#C%/#)I!./!,%:*.')(!2.&'<;6/(m/%076#/!.&!*69!#*3/%(!,.;%,(!./!).;(),.! -.)2%-#/!2.&'%;6/#)!9!./!-<076/(!.&':!,.&#))(//#,(4!! x 5/! ;(),.! %0-%&#/! *#C%/#)! .&! 2.&'%;6/#)! #/! .Q.! ,.! /#! )#<J! 9! *#0,%;6/#)! .&':! .0! /<0.#!(!.&!/%076#/!#/!.Q.4!!

x

!

"#! )#<-.&! ,.! /(&! *#C%/#).&! '%.0.0! &6&! ,(&! '.)-%(&! -.)2%-#/.&! ,.&2%#,(&! $#-%#! *.&%#/!9!&6!'.)-%(!#3%-#/!%0-6)2#,(!$#-%#!2.&'%;6/#)4!! x "#!/<0.#!-.)2%-#/!.&!-(02.C#!#!/#!-()(0#!*:&!3()!*.&%#/!P6.!3()!,%&'#/4!! x 50!/(&!,%.0'.&!*#0,%;6/#).&!/#!)#<-.&!&(0!*:&!).-'#&!.0!&6&!'.)-%(&!-.)2%-#/.&! 9!&.!%0-6)2#!#!2.&'%;6/#)!.0!./!:3.C4!!

8%&@0(",)"#'*I(( x x

V()(0#!.&!')%#076/#)!-(02.)7%.0,(!$#-%#!/%076#/4!! 5/!%0-%&%2(!-.0')#/!*#C%/#)!'%.0.!60!,%:*.')(!*.&%(m,%&'#/!*6-$(!*#9()!P6.! 2.&'<;6/(m/%076#/4!! x 5/! %0-%&%2(! /#'.)#/! *#C%/#)! '%.0.! 60! ,%:*.')(! *.&%(m,%&'#/! *#9()! P6.! 2.&'<;6/(m/%076#/4!! x 5/! %0-%&%2(! *#0,%;6/#).&! '%.0.! 60! ,%:*.')(! *.&%(m,%&'#/! #3)(C%*#,#*.0'.! %76#/!#/!2.&'<;6/(m/%076#/4!! ! 4'#B%#(@0(*%#()',",%#]((

;'&'(G0#$"C?*'&I(( x x x

x x x !

5/!-#0%0(!*#C%/#)!'%.0.!60!,%:*.')(!*.&%(m,%&'#/!*.0()!P6.!-+)2%-(m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

;'&'(*",B?'*I(( x

!

=(;).! '(,(! .0! ./! *#C%/#)I! ./! -<076/(! 9! /(&! ).;(),.&! *#)7%0#/.&! .&':0! *69! ,.&#))(//#,(&4!! x 50! *#C%/#)! $#9! 60! ).;(),.! /%076#/! #/7(! ,.&2%#,(! #! ,%&'#/! ,.! 1()*#! P6.! &.! ,%&'%076%8!60#!1(&#!*.&%#/!9!60#!,%&'#/!&%.0,(!/#!*.&%#/!*#9()4!50!/(&!-#0%0(&! *#0,%;6/#).&!0(!).;(),.!*#0,%;6/#)!$#;%.0,(!60#!&(/#!1(!!

;'&'(F&%D".'*I(( x

]%.0.! 1()*#! ,.! -6[#! -(0! 60! ,%:*.')(! 2.&'<;6/(m/%076#/! #*3/%(! 3()! /#! 3).&.0-%#!,./!).;(),.!-.)2%-#/!2.&'%;6/#)!9!-<076/(!,.&#))(//#,(4!! x 5/!2+)'%-.!,.!/#!-G&3%,.!.0!*#C%/#)!.&!2.&'%;6/#)!#/.Q.`!9!*#0,%;6/#)!.&!/%076#/! (!&.!.0-6.0')#!.0!/<0.#4!! x "#!/<0.#!-.)2%-#/!&.!%0-6)2#!$#-%#!/#!-()(0#!*:&!.0!*.&%#/!P6.!.0!,%&'#/4!!

x

"#!)#<-.&!'#*;%+0!%0-6)2#!.0!&6!:3.C!$#-%#!2.&'%;6/#)4!!

!

( 8%&@0(",)"#'*I(( x x

V(0'()0(!')%#076/#)!-(02.)7.!$#-%#!./!-<076/(4!! 50! ./! -#0%0(! *#C%/#)! ./! 2+)'%-.! ,.! /#! -G&3%,.! &.! ,.&2<#! $#-%#! ,%&'#/I! /(&! -<076/(&!.&':0!-.0')#,(&!9!/#!*%'#,!*.&%#/!,.!/#!-()(0#!.&':!*:&!#;6/'#,#!P6.! /#! ,%&'#/4! 50! ./! *#0,%;6/#)I! ./! 2+)'%-.! ,.! /#! -G&3%,.! &.! ,.&2<#! #! *.&%#/! 9! ./! -<076/(!&.!,.&2<#!#!,%&'#/4!! x 50! ./! -#0%0(! *#C%/#)! 9! .0! ./! *#0,%;6/#)! ./! ,%:*.')(! *.&%(m,%&'#/! .&! *#9()! P6.! 2.&'<;6/(m/%076#/! &%.0,(! *:&! //#*#'%2(! .0! ./! *#C%/#)! P6.! .0! ./! *#0,%;6/#)4!! x "(&!-#0%0(&!'.*3()#/.&!'%.0.0!./!'#*#[(!*:&!3.P6.[(!P6.!/(&!3.)*#0.0'.&4! ! 7%*'&0#(.'D"*'&0#(( M]Y&".0&(.%*'&(.'D"*'&`!.&!60!,%.0'.!P6.!0(!&.!3#).-.!#!0%0760(!(')(I!&.!.0-6.0')#!&(;).! /#&!-()(0#&!,./!3)%*.)!3).*(/#)!3.)*#0.0'.!#60P6.!&6!,%:*.')(!*.&%(m,%&'#/!.&!*#9()4!! !

;'&'(G0#$"C?*'&I(( x x x x x x x x x

V()(0#!#0-$#!-(0!60!,%:*.')(!*.&%(!,%&'#/!7)#0,.!9!*#9()!P6.!./!-+)2%-(m (-/6&#/4!! =.!.&').-$#!.!%0-/%0#!$#-%#!,%&'#/4!! X).&.0'#!60#!-G&3%,.!*.&%(m2.&'%;6/#)!7)#0,.!P6.!#,.*:&!.&!/#!*:&!#0-$#!9! /#)7#!,.!'(,#&4!! ]#*;%+0! 60#! -G&3%,.! ,%&'(m! 2.&'%;6/#)! 3.P6.[#! 9! .&').-$#4! 50').! #*;#&! -G&3%,.&!0(!$#9!60!&6)-(!&%0(!60#!.&-('#,6)#4!! X).&.0'#! 60#! -G&3%,.! *.&%(m2.&'%;6/#)! P6.! '%.0.! 60! ).;(),.! 2.&'%;6/#)! //#*#'%2(4!! ]#*;%+0!$#9!60!).;(),.!-.)2%-#/!*:&!#;6/'#,(!.0!/#!*%'#,!*.&%#/4!! "#!/<0.#!-.)2%-#/!.&'#!%0-6)2#,#!#!/#!)#<J!&(;).!'(,(!.0!/#!*%'#,!*.&%#/4!! ]%.0.! ').&! )#<-.&>! ,(&! 2.&'%;6/#).&`! *.&%(m2.&'%;6/#)! 9! ,%&'(m2.&'%;6/#)! 9! 60#! )#<J!/%076#/4!! 5/!')(0-(!.&!-()'(!9!/#&!)#<-.&!&(0!,%2.)7.0'.&4!!

!

;'&'(*",B?'*I(( x x

!

5&!*:&!.&').-$#!P6.!/#!2.&'%;6/#)4!! X).&.0'#! 60#! -G&3%,.! *.&%(m/%076#/! 9! (')#! ,%&'(m/%076#/! &.3#)#,(&! 3()! 60! &6)-(!/%076#/4!@.!/#&!,(&!/#!*:&!#1%/#,#!.&!/#!*.&%(m/%076#/4!!

;'&'(F&%D".'*>!! x

!

O#9! -(02.)7.0-%#! ,.! /#! -()(0#! $#-%#! (-/6&#/! *69! *#)-#,#! ,.;%,(! #! /#! 3).&.0-%#!,.!60!).;(),.!-.)2%-#/4!! x 5/! ).;(),.! *#)7%0#/! *.&%#/! .&! #0-$(! 9! *:&! (-/6&#/! P6.! ./! ,%&'#/! 9! .0! ./! ).;(),.!*#)7%0#/!*.&%#/!36.,.!$#;.)!60!&6)-(!,.!,.&#))(//(!P6.!/(!#')#2%.&.4!!

( ( ;'&'(%)*?#'*I(( x x x x x

x x

5/!,%:*.')(!2.&'<;6/(m/%076#/!.&!*#9()!P6.!*.&%(m,%&'#/4!! "#!-()(0#!.&':!-(*(!-(*3)%*%,#!$#-%#!/%076#/!3()!&6!*%'#,!*.&%#/4!! O#9! 60! ).;(),.! (;/%-6(! P6.! 60.! /#! -G&3%,.! *.&%(m/%076#/! -(0! /#! ,%&'(m 2.&'%;6/#)4!! O#9!60#!1(&#!-.0')#/!9!,(&!1(&#&!')%#076/#).&!*.&%#/!9!,%&'#/4!! "(&!&6)-(&!'%.0.0!1()*#!,.!O>!! ƒ p0!&6)-(!,.!,.&#))(//(!-.0')#/!P6.!&.!.C'%.0,.!,.&,.!/#!1(&#!')%#076/#)! *.&%#/!#!/#!1(&#!')%#076/#)!,%&'#/4!! ƒ p0!&6)-(!2.&'%;6/#)!P6.!&.!.C'%.0,.!.0').!/#&!-G&3%,.&!2.&'%;6/#).&4!! ƒ p0! &6)-(! /%076#/! P6.! &.! &%'G#! .0').! /#&! -G&3%,.&! /%076#/.&! ,.! 1()*#! -#&%!-(0'%06#4!! 5/!(')(!/#,(!,.!/#!O!&(0!,(&!&6)-(&!3#)#/./(&!#/!).;(),.!*#)7%0#/!*.&%#/4!! 50!,%&'(m2.&'%;6/#)!9!*.&%(m/%076#/!$#9!60!).;(),.!(;/%-6(4!!

! Q]30B?,@%(.%*'&(.'D"*'&I(( x =.! 3#).-.! *6-$(! #! 60! 3)%*.)! *(/#)! *#C%/#)! 3.)*#0.0'.! %0-/6&(! #! 2.-.&! #3#).-.!./!'6;+)-6/(!,.!V#)#;./%4!! x ]%.0.!60!'#*#[(!*#9()!P6.!./!3)%*.)!*(/#)!*#C%/#)!'.*3()#/4!! ! Q'(!-*;/./,)*'(!/,1./!/%!<.*3/.!32%'.!3'0*%'.!!! x ]#*#[(!*.0()4!! x Y%&'(!,.&,.!3)(C%*#/!&.!.&').-$#!*:&!(-/6&#/!3()!/#!3).&.0-%#!,.!60!).;(),.! -.)2%-#/!//#*#'%2(4!! x =.!.&').-$#!*:&!$#-%#!/%076#/!3()!/#!3).&.0-%#!,.!.&.!).;(),.!&(;).!'(,(!.0! &6!*%'#,!*.&%#/4!! x ]#*;%+0!&.!.&').-$#!*:&!$#-%#!,%&'#/4!! x "#!-G&3%,.!*.&%(m2.&'%;6/#)!.&!3):-'%-#*.0'.!./!*%&*(!'#*#[(!P6.!/#!*.&%(m /%076#/!(!#/7(!*#9()4!! x 5/!')(0-(!)#,%-6/#)!.&!*:&!-()'(!9!/#!)#<-.&!&(0!*:&!,%2.)7.0'.&4!! ! 7%*'&0#(.',@"C?*'&0#](( M]Y&".0&(.%*'&(.',@"C?*'&>!'%.0.!60#&!-#)#-'.)<&'%-#&!.C-/6&%2#&!,.!.&'.!,%.0'.4!! 5/!)#&7(!*:&!'<3%-(!.&!/#!3).&.0-%#!,.!60!).;(),.!*#)7%0#/!*.&%#/!*69!,.&#))(//#,(!P6.! -#&%!3#).-.!60#!-G&3%,.4!! !

;'&'(G0#$"C?*'&I(( x x x

]%.0.!60!,%:*.')(!*.&%(m,%&'#/!*#9()!P6.!-+)2%-(m(-/6&#/4!! 5&':!*69!%0-/%0#,(!.0!&6!-()(0#!$#-%#!,%&'#/4!! X).&.0'#! ,(&! -G&3%,.&`! 60#! ,%&'(! 2.&'%;6/#)! 9! (')#! *.&%(m2.&'%;6/#)! P6.! .&! *:&! /#)7#! 9! *:&! 7)#0,.4! F*;#&! &.! &.3#)#0! 3()! 60#! .&-('#,6)#! 9! 0(! $#9! &6)-(4!! x "#!/<0.#!-.)2%-#/!&.!%0-6)2#!$#-%#!/#!)#<J!*:&!.0!*.&%#/!P6.!.0!,%&'#/4!!

x !

O#9! ,(&! )#<-.&! 60#! *.&%#/! 9! P6.! ,%&'#/! -(0! 60! ')(0-(! -()'(! 9! )#<-.&! *69! ,%2.)7.0'.&4!!

;'&'(*",B?'*I(( x x

!

"#!-()(0#!-(02.)7.!#!/%076#/!&(;).!'(,(!.0!&6!*%'#,!*.&%#/4!! O#9!,(&!-G&3%,.&`!60#!*.&%(m/%076#/!P6.!.&!*:&!7)#0,.!9!(')#!,%&'(m/%076#/!9! #*;#&!&.!.0-6.0')#0!&.3#)#,#&!3()!60!&6)-(!P6.!36.,#!//.7#)!#!1()*#)!60#! ,.3).&%80!.0!/#!/<0.#!-.)2%-#/4!!

;'&'(F&%D".'*I(( x x x

=.!.&').-$#0!$#-%#!(-/6&#/!,.;%,(!./!).;(),.!-.)2%-#/4!! "#!-()(0#!.&':!*69!%0-/%0#,#!#!/%076#/4!! 5/! ).;(),.! *#)7%0#/! *.&%#/! .&! 7)#0,.! 9! *69! ,.&#))(//#,(! 9! .&! *:&! (-/6&#/! P6.!./!,%&'#/4!! x "#!/<0.#!-.)2%-#/!.&':!%0-6)2#,#!$#-%#!/#!-()(0#!3()!*.&%#/!9!).-'#!3()!,%&'#/4!! !

;'&'(%)*?#'*I(( x x x

5/!,%:*.')(!*.&%(m,%&'#/!.&!*#9()!P6.!2.&'<;6/(m/%076#/4!! X).&.0'#!60#!1(&#!')%#076/#)!*.&%#/!9!60#!1(&#!')%#076/#)!,%&'#/4!! O#9! 60! &6)-(! ,.! ,.&#))(//(! -.0')#/! P6.! &.! .C'%.0,.! .0').! /#&! ,(&! 1(&#&! ')%#076/#).&!*.&%#/!9!,%&'#/4!! x O#9! 60! &6)-(! ,.! ,.&#))(//(! 2.&'%;6/#)! P6.! &.3#)#! /#&! -G&3%,.&! 2.&'%;6/#)! 9! 60(!/%076#/!P6.!&.3#)#!/#&!-G&3%,.&!/%076#/.&4!! x =.!36.,.!2.)!60!).;(),.!')#0&2.)&(!60%.0,(!/#&!-G&3%,.&!*.&%(m2.&'%;6/#)!9! *.&%(m/%076#/4!! ! Q]30B?,@%( .%*'&( .',@"C?*'&4! =.! 3#).-.! #/! 3)%*.)! *(/#)! *#0,%;6/#)! 3.)*#0.0'.! -(0! -%0-(!-G&3%,.&>!').&!2.&'%;6/#).&!9!,(&!/%076#/.&4!"#&!,%1.).0-%#&!&(0>!! x ]%.0.!60!'#*#[(!*.0()4!! x =6!')(0-(&!)#,%-6/#).&!&(0!*:&!-()'(&!9!/#&!)#<-.&!&(0!*:&!,%2.)7.0'.&4!! x @.!/#&!').&!-G&3%,.&!2.&'%;6/#).&!/#!*:&!7)#0,.!.&!/#!,%&'(m2.&'%;6/#)4!! x 5/! ).;(),.! *#)7%0#/! *.&%#/! .&':! *:&! ,.&#))(//#,(! 9! 36.,.! .&'#)! #')#2.&#,(! 3()!60!&6)-(4!! x "(&! ,.*:&! &6)-(&I! 1(&#&I! .'-4! &(0! %76#/.&! #/! 3)%*.)! *(/#)! *#0,%;6/#)! 3.)*#0.0'.4! ! ! "#!(-/6&%80!-+0')%-#!.&!/#!3(&%-%80!.0!/#!P6.!/#!;(-#!&.!.0-6.0')#!-.))#,#!9!/(&!,%.0'.&! .&':0!.0!*:C%*(!-(0'#-'(!(!%0'.)-6&3%,#-%80!*:C%*#4!O#9!P6.!'.0.)!.0!-6.0'#>!! ! 6-(-69=2-;9:=(12(6-3(Y92b-3(12=S-49-3](( x "#&! 3%.J#&! ;%.0! #/%0.#,#&! 2%&'#&! ,.&,.! &6! -#)#! (-/6&#/! ,.&-)%;.0! -(*(! 60#! -6)2#!.0!1()*#!,.!p4!! x 5/! ;(),.! .C'.)0(! -()).&3(0,.! #! 60#! /<0.#! P6.! 60.! /(&! 2+)'%-.&! ,.! /#&! -G&3%,.&!2.&'%;6/#).&!,.!,%.0'.&!3(&'.)%().&!9!/(&!;(),.&!%0-%&#/.&!,.!,%.0'.&! #0'.)%().&4!!

x

5/! ;(),.! %0'.)0(! -()).&3(0,.! 60#! /<0.#! P6.! 3#&#! 3()! /(&! 2+)'%-.&! ,.! /#&! -G&3%,.&!/%076#/.&4!! x 50').!#*;(&!;(),.&!$#9!(')#!/<0.#!P6.!&.!,.0(*%0#!.0!/#!*+,0'(@0*(#?&)%I! P6.! .&! 3#)#/./#! #! .&'#&! 9! P6.! 3#&#! 3()! /(&! &6)-(&! -.0')#,#&! ,.! /(&! ,%.0'.&! 3(&'.)%().&4!! ! "(&!,%.0'.&!,.!0(!#/%0.#,(&!,.&-)%;.0!,(&!-6)2#&>!! x ;?&G'(@0(3F00>!.&!60#!-6)2#!#0'.)(m3(&'.)%()!.0!./!3/#0(!(-/6&#/!,.!1()*#! P6.!-6#0,(!/(&!,%.0'.&!/(&!2.*(&!,.&,.!2.&'%;6/#)I!/(&!3(&'.)%().&!,.&-)%;.0! 60#! -6)2#! ,.! #'):&! $#-%#! ,./#0'.! P6.! .&! -80-#2#! .0! /(&! *#0,%;6/#).&! 9! -(02.C#!.0!/(&!*#C%/#).&4!! x ;?&G'(@0(d"*#%,>!.&!60#!-6)2#!,.!/#,(!#!/#,(I!,.!1()*#!P6.!-6#0,(!&.!2.! .0!/(&!,%.0'.&!3(&'.)%().&!,.&,.!60#!2%&%80!#0'.)%()!9!-(0!/#!;(-#!#;%.)'#I!/#&! -G&3%,.&! ,.! /(&! ,%.0'.&! 3(&'.)%().&! ,.&-)%;.0! 60#! -6)2#! -80-#2#4! 5&'(! .&! 3()P6.! /#&! -G&3%,.&! /%076#/.&! ,.! /(&! ,%.0'.&! *#0,%;6/#).&! &.! &%'G#0! .0! 60#! 3(&%-%80!*:&!-.)2%-#/!P6.!/#&!-G&3%,.&!2.&'%;6/#).&4!! ! ;&0#$'(@0(*'()?&G'$?&'(P(#?F0&E")"0#(",$0&F&%D".'*0#I(( m"#&! )&0#$'#(@0(*'#()?&G'$?&'#( &(0!/(&!&#/%.0'.&!-(02.C(&!P6.!(;&.)2#*(&!.0!/#!&63.)1%-%.! 2.&'%;6/#)!9!/%076#/!,.!-#,#!3%.J#4!"#!)#J80!,.!&6!.C%&'.0-%#!.&!3()P6.!.0!/#!*#&'%-#-%80!./! #/%*.0'(! .&! )(,#,(! &(;).! .&'#&! &63.)1%-%.&! ,.!*#0.)#! P6.! &%! 0(! .&'62%.&.0I! ./! #/%*.0'(&! &.! #/*#-.0#)<#!.0!./!&6)-(!7%07%2#/4!! x "#!-).&'#!,.!/#!-6)2#'6)#!2.&'%;6/#)!&.!&%'G#!.0!'(,(&!/(&!,%.0'.&!.0!./!'.)-%(! -.)2%-#/I! .&'#0,(! *:&! -.)-#! ,.! /#! /<0.#! -.)2%-#/! .0! /(&! #0'.)%().&! P6.! .0! /(&! 3(&'.)%().&4!! x "#!-).&'#!,.!/#!-6)2#'6)#!/%076#/!.0!/(&!,%.0'.&!#0'.)%().&!&.!&%'G#0!./!'.)-%(! -.)2%-#/!9!.0!/(&!3(&'.)%().&!&.!&%'G#0!./!'.)-%(!*.,%(4!! ! m"#! #?F0&E")"0#(@0()%,$')$%(",$0&F&%D".'*0#( .0!'(,(&!/(&!,%.0'.&I!(!/#&!*.&%#/.&!&(0!*:&! (-/6&#/.&! P6.! /#&! ,%&'#/.&I! .C-.3'(! .0! ./! -#0%0(! *#C%/#)! ,.-%,6(! 9! .0! ./! 3)%*.)! 3).*(/#)! *#0,%;6/#)!3.)*#0.0'.4!! x "#&!&63.)1%-%.&!*.&%#/.&!.0!,%.0'.&!#0'.)%().&!&.!&%'G#0!.0!./!'.)-%(!%0-%&#/!(! .0!/#!60%80!,./!'.)-%(!*.,%(!-(0!./!%0-%&#/4!50!/(&!3(&'.)%().&!&.!&%'G#!.0!/#! 60%80!,./!'.)-%(!*.,%(!-(0!./!(-/6&#/4!! x "#&! &63.)1%-%.&! ,%&'#/.&! .0! /(&! #0'.)%().&! .&':0! .0! ./! '.)-%(! %0-%&#/! (! .0! /#! 60%80! ,./! '.)-%(! *.,%(! -(0! ./! '.)-%(! %0-%&#/! 9! /(&! 3(&'.)%().&! &.! &%'G#! .0! /#! 60%80!,./!'.)-%(!*.,%(4!! ! x 50! /(&! ,%.0'.&! 3(&'.)%().&! '#*;%+0! 2.*(&! &63.)1%-%.&! ,.! -(0'#-'(! ,.! .&'.! (-/6&#/!9!'#0'(!/#&!*.&%#/.&!-(*(!/#&!,%&'#/.&!&.!&%'G#0!.0!/#!*%'#,!2.&'%;6/#)! ,.!/#!-()(0#!&%.0,(!*:&!2.&'%;6/#).&!/#&!*.&%#/.&!P6.!/#&!,%&'#/.&4!! ! x 5&'#&!60%(0.&!,./%*%'#0!60(&!.&3#-%(&!%0'.)3)(C%*#/.&I!&%.0,(!./!*:&!7)#0,.! ./!.&3#-%(!",$0&F&%D".'*(B",B"G'*((!')(0.)#!7%07%2#/!P6.!&.!&%'G#!-.)2%-#/!#!/#! J(0#!,.!-(0'#-'(4!5&.!.&3#-%(!.&':!(-63#,(!3()!/#!3#3%/#!%0'.),.0'#/!P6.!.&! 60!).3/%.76.!,.!/#!.0-<#4!!

x

O#9!(')(&!.&3#-%(&!P6.!&(0!*:&!3.P6.[(&!9!,.!*.0(&!%0'.)+&>!! x 2#F')"%(",$0&F&%D".'*(%)*?#'*`!&.!&%'G#!(-/6&#/!*.0'#!/#!&63.)1%-%.!,.! -(0'#-'(4!! x 50!/(&!,%.0'.&!3(&'.)%().&!$#9!0#F')"%(",$0&F&%D".'*(G0#$"C?*'&(9!(')#! *",B?'*!&%.0,(!./!*#9()!./!/%076#/4!!

! 426-;9:=(2=S42(-4;-1-3(( ;*'#0( 9( @0( -,B*0>! &.! ,.0(*%0#! /#! )./#-%80! ,.0'#/! %,.#/! .0! 0()*((-/6&%80! 6! (-/6&%80! -+0')%-#4!50!(-/6&%80!,.!-/#&.!D>!! "(&!,%.0'.&!#0'.)%().&!*#C%/#).&!&.!&(/#3#0!&(;).!/(&!*#0,%;6/#).&!9!.&'(!&.!3)(,6-.!.0!,(&! ,%).--%(0.&>!! x 3%*'F0( T%&"c%,$'*`! /(&! ;(),.&! %0-%&#/.&! ,.! /(&! *#C%/#).&! &(0! /#;%#/.&! #! /(&! ;(),.&!%0-%&#/.&!,.!/(&!,%.0'.&!*#0,%;6/#).&4!! x 3%*'F0( G0&$")'*`! /(&! ,%.0'.&! *#C%/#).&! ,.! 3)(9.-'#0! (! -6;).0! #! /(&! ,%.0'.&! #0'.)%().&!*#0,%;6/#).&4!! ! x "#&! -G&3%,.&! 2.&'%;6/#).&! ,.! /(&! ,%.0'.&! 3(&'.)%().&! *#C%/#).&! &(0! 2.&'%;6/#).&! #! /#&! -G&3%,.&! 2.&'%;6/#).&! ,.! /(&! ,%.0'.&! 3(&'.)%().&! *#0,%;6/#).&4! =%! .&'(! .&! #&!.&!./!7)#,(!,.!&.3#)#-%80!.0!./!3/#0(!2.)'%-#/!,./!*#C%/#)!9!/#!*#0,<;6/#4!! x 50!(-/6&%80!-+0')%-#!/#!*#0,<;6/#!.&':!&.3#)#,#!,./!*#C%/#)!?mK!**4!! x 50!/#!3(&%-%80!,.!).3(&(I!)./#-%80!-6#0,(!/(&!*G&-6/(&!*#&'%-#,().&!.&':0! )./#Q#,(&I!/#!,%&'#0-%#!.0').!*#C%/#)!9!*#0,<;6/#!.&!Kmc!**!9!.&'#!,%&'#0-%#! -()).&3(0,.!'#*;%+0!#!/#!,%&'#0-%#!%0'.)(-/6&#/4!! ! 40*')"A,(T%&"c%,$'*I((

x

H./#-%80! -+0')%-#`! .&! #P6.//#! 3(&%-%80! ,.! /#! *#0,<;6/#! *:&! &63.)%()! 9! 3(&'.)%()!.0!/#!-#2%,#,!7/.0(%,.#4!! x Z-/6&%80!-+0')%-#>!/#!*#0,<;6/#!.&':!,.&3/#J#,#!$#-%#!,./#0'.!?mK!**4!! ! Y&%$?#"A,>!/#!*#0,<;6/#!&.!,.&3/#J#!$#-%#!,./#0'.4!FP6!! x ?%! %'-2! -/! 5'%',)/2`! P6.! .&! ./! /#,(! P6.! &.! ,.&3/#J#! ,.! /#! *#0,<;6/#4! FP6
U]R7W#)?*%#(@0(*'(,'&"c](( RY"&'."@'*( %( F&A)0&`! '%.0.! &6! ()%7.0! .0! /(&! -#)'
2*0G'@%&()%.W,(@0*(*'C"%(#?F0&"%&(P(@0(*'#('*'#(,'#'*0#](( x ]%.0.!&6!()%7.0!.0!/#!#381%&%&!#&-.0,.0'.!,./!*#C%/#)4!! x =6&! 1%;)#&! 2#0! $#-%#! #16.)#! 9! #-#;#! .0! /#! 3%./! ,./! #! /#! 0#&#/! 9! ,./! /#;%(! &63.)%()4!! x =6!160-%80!.&!./.2#)4!! ! ;"B%.H$")%(.'P%&](( x ]%.0.!&6!()%7.0!.0!./!*#/#)!9!&6&!1%;)#&!2#0!$#-%#!#;#Q(!9!,./#0'.!3#)#!#-#;#)! .0!/#!-(*%&6)#!;6-#/4!! x F/!-(0')#.)&.!3#)'%-%3#0!/#!&(0)%!! ! ( ;"B%.H$")%(.0,%&](( x =.!&%'G#!*.,%#0#*.0'.!#/!-%7(*:'%-(!*#9()!9!'%.0.!&6!()%7.0!.0!./!*#/#)!,.! 1()*#! P6.! &6&! 1%;)#&! 2#0! $#-<#! #;#Q(! 9! #,./#0'.! 3#)#! #-#;#)! .0! /#! 3%./! ,./! /#;%(!&63.)%()4!! x =6!160-%80!.&!./.2#)!./!/#;%(!&63.)%()4!! ! 2*0G'@%&(@0*(H,B?*%(@0(*'(C%)'](( x ]%.0.! &6! ()%7.0! .0! ./! *#C%/#)! &%.0,(! 60! *G&-6/(! 3)(160,(! 9! &6&! 1%;)#&! &.! ,%)%7.0!$#-%#!#;#Q(I!3#)#!'.)*%0#)!.0!./!:076/(!,.!/#!;(-#4!! x V6#0,(!&.!-(0')#.I!#!./.2#)!:076/(!,.!/#!;(-#4!! ! S&"',B?*'&(@0(*%#(*'C"%#(%(@0F&0#%&(@0*(H,B?*%(@0(*'(C%)'](( x =.!&%'G#!*:&!3)(160,#*.0'.!-(0!).&3.-'(!#/!')%#076/#)4!! x ]%.0.!&6!()%7.0!.0!./!;(),.!%01.)%()!,.!/#!*#0,<;6/#!9!&6&!1%;)#&!2#0!$#-%#! #))%;#!9!$#-%#!,.0')(!3#)#!#-#;#)!.0!/#!3%./!,./!/#;%(!&63.)%()4!! ! 8%&*'(@0*(.0,$A,(%(.0,$%,"',%](( x 5&! '#*;%+0! 60! *G&-6/(! P6.! -(0&'#! ,.! ,(&! 2%.0').&! 60%,(&! 3()! 60! '.0,80! %0'.)*.,%(4!! x =6! ()%7.0! .&! /#! /<0.#! *.,%#! ,.! /#! *#0,<;6/#! 9! #*;(&! 2#0! $#-%#! #))%;#! %0&.)':0,(&.!.0!/#!3%./!,./!*.0'804!! x V6#0,(!&.!-(0')#.!//.2#)!*.0'80!$#-%#!#))%;#!9!3)(')69.!./!/#;%(!%01.)%()4!! ! Y*'#$".'(%(.W#)?*%()?$H,0%(@0*()?0**%](( x ]%.0.!&6!()%7.0!.0!/#!3%./!,.!/(&!$(*;)(&!9!/#!-/#2<-6/#4!! x =6&!1%;)#&!2#0!$#-%#!#))%;#!9!$#-%#!#,.0')(!3#)#!#-#;#)!.0!/#!-(*%&6)#!;6-#/4!! x V6#0,(!&.!-(0')#.0!,.&-%.0,.!#!-(*%&6)#!;6-#/4!! ! (

7k3;L653(7-3S9;-15423((

=.!.0-6.0')#0!.0!./.2#,(&!3()!./!')%7+*%0(!9#!P6.!+&'(&!,.)%2#0!,./!3)%*.)!#)-(!;)#0P6%#/4!! ! 7'#0$0&%4!!

@.!/(&!*G&-6/(&!*#&'%-#,().&!.&!./!*:&!&63.)%()!9!./!*:&!3('.0'.4!! x V(0&'#!,.!,(&!1#&-<-6/(&`!! ƒ 5/! E'#)+)?*%( #?F0&E")"'*( P6.! '%.0.! &6! ()%7.0! .0! /(&! ,(&! '.)-%(&! -.0')#/.&!,./!#)-(!-%7(*:'%-(4!! ƒ 5/!E'#)+)?*%(F&%E?,@%(P6.!'%.0.!&6!()%7.0!.0!./!'.)-%(!3(&'.)%()!,./! #)-(!-%7(*:'%-(4!! ! x =6&!1%;)#&!2#0!$#-%#!#;#Q(!3#)#!#-#;#)!.0!/#!*#0,<;6/#`!./!1#&-<-6/(!&63.)1%-%#/! .0! /#! -#)#! .C'.)0#! ,./! :076/(! ,.! /#! *#0,<;6/#! 9! ./! 1#&-<-6/(! 3)(160,(! .0! /#! -#)#!.C'.)0#!,.!/#!)#*#!*#0,%;6/#)4!! x 5/! *#&.'.)(! .&':! .026./'(! .0! 60#! 1#&'%,%#! P6.! .&! *.&.0'+)%-#! -(0! %76#/! %0.)2#-%80!P6.!./!*G&-6/(4!! x V6#0,(!&.!-(0')#.!./.2#!/#!*#0,<;6/#4!! x =.! )./#-%(0#! .0! &6! ;(),.! 3(&'.)%()! -(0! /#! 7/:0,6/#! 3#)8'%,#! 9! 3()! &6! ;(),.! #0'.)%()! -(0! ./! *G&-6/(! ;6--%0#,()I! .C%&'%.0,(! .0').! #*;(&! 60#! ;(/#! ,.! '.Q%,(!#,%3(&(4!! x X()!&6!&63.)1%-%.!.C'.)0#!3#&#!./!-(0,6-'(!.C-).'()!,.!/#!7/:0,6/#!3#)8'%,#4!! ! S0.F%&'*4!! x 5&! 60! *G&-6/(! #*3/%(! -(0! 1()*#! ,.! #;#0%-(! P6.! (-63#! -#&%! '(,#! /#! 1(&#! '.*3()#/4!! x ]%.0.!&6!()%7.0!.0!/#!/<0.#!%01.)%()!'.*3()#/4!! x =6&!1%;)#&!2#0!$#-%#!#;#Q(!9!$#-%#!,./#0'.!'(*#0,(!%0&.)-%(0.&!.0!/#!-).&'#! .&1.0('.*3()#/4!! x F-#;#!%0&.)':0,(&.!.0!/#!#381%&%&!-()(0(%,.&!,.!/#!*#0,<;6/#!,.!1()*#!P6.! #P6!! ƒ >'#)+)?*%( 0#E0,%"@'*`! '%.0.! &6! ()%7.0! .0! /#! -#)#! %01.)%()! ,.! /#! /#! *#9()!.&1.0(%,.&4!! ƒ >'#)+)?*%( F$0&"B%"@0%`! '%.0.! &6! ()%7.0! .0! /#! -#)#! .C'.)0#! ,./! #! /#! /#'.)#/!,.!/#&!#381%&%&!3'.)%7(%,.&!9!/#!'6;.)(&%,#,!,./!*#C%/#)4!! ! x @.&,.!#P6
! Y$0&"B%"@0%(",$0&,%(%(.0@"'*](( x 5&!'#*;%+0!60!*G&-6/(!3)(160,(!P6.!'%.0.!&6!()%7.0!.0!/#!1(&#!3'.)%7(%,.#I! .0!/#!-#)#!3(&'.)%()!,.!/#!#3(1%&%&!3'.)%7(%,.&4!! x @.!#P6
7k3;L653(126(3L265(12(6-(85;-(5(3LY4-!9591253(( 1"BH#$&")%4!! x

!

V(0&'#! ,.! ,(&! 3#)'.&`! 60! 2%.0').! #0'.)%()! 9! 60! 2%.0').! 3(&'.)%()! #*;(&! 60%,(&!3()!60!'.0,80!%0'.)*.,%(!P6.!'(*#!%0&.)-%(0.&!.0!/#&!#&'#&!*.0().&! 9!-6.)3(!,./!$%(%,.&4!! ƒ J"0,$&0(',$0&"%&`!&.!%0.)2#!3()!./!P6%0'(!3#)4!=.!%0&.)'#!.0!/#!1(&%'#! ,%0:&'%-#! ,./! ;(),.! %01.)%()! ,.! /#! *#0,<;6/#! 9! .0! ./! '.0,80! %0'.)*.,%(4!! ƒ J"0,$&0(F%#$0&"%&`!&.!%0.)2#!3()!./!&+3'%*(!3#)4!]%.0.!&6!()%7.0!.0!/#! )#06)#!,%0:&'%-#!,.!/#!3()-%80!*#&'(%,.#!,./!'.*3()#/4!=6&!1%;)#&!2#0! $#-%#!#;#Q(!9!$#-%#!,.0')(!3#)#!#-#;#)!.0!./!'.0,80!%0'.)*.,%(4!!

x

F*;(&! *G&-6/(&! '%.0.0! ()<7.0.&! .*;)%(/87%-(&! ,%1.).0'.&! 9! 3()! /(! '#0'(! '%.0.0!%0.)2#-%(0.&!,%1.).0'.&4!! x V6#0,(! &.! -(0')#.0I! 36.,.0! '(*#)! -(*(! 360'(! 1%Q(! ./! $%(%,.&! (! /#! *#0,<;6/#>!! x =%!/#!*#0,<;6/#!.&':!1%Q#I!/#!-(0')#--%80!,./!2%.0').!#0'.)%()!9!./.2#!./!$%(%,.&4! 5&'(!(-6)).!.0!/#!,.7/6-%804!! x =%!$%(%,.&!.&':!1%Q(I!,.&-%.0,.!/#!*#0,<;6/#4!! ! 7"*%T"%"@0%4!! x =.!,%&3(0.!')#0&2.)&#/*.0'.!(-63#0,(!'(,(!./!&6./(!,.!/#!;(-#4!! x =6&!1%;)#&!&.!,%&3(0.!')#0&2.)&#/*.0'.!,.!1()*#!P6.!&(0!,(;/.&!9!&.!60.0!.0! $#-%#!/#!/<0.#!*.,%#!%0&.)':0,(&.I!&6&!1%;)#&!*:&!3(&'.)%().&I!.0!./!-6.)3(!,./! $%(%,.&4!! x =6!()%7.0!.&':!.0!/#!/<0.#!*%/($%(%,.#!,.!/#!-#)#!%0'.)0#!,.!/#!*#0,<;6/#4!! x =6!%0.)2#-%80!.&!3()!./!')%7+*%0(4!! x =%!'(*#!-(*(!360'(!1%Q(!./!$%(%,.&!,.&-%.0,.!/#!*#0,<;6/#4!! x =.!'(*#!-(*(!360'(!1%Q(!/#!*#0,<;6/#I!P6.!./.2#!./!$%(%,.&!.0!/#!,.7/6-%804!! x 50!&6!&63.)1%-%.!.C'.)0#!&.!)./#-%(0#!-(0!./!2%.0').!#0'.)%()!,./!,%7:&')%-(4!! ! 2#$"*%T"%"@0%4!! x =.!&%'G#0!*.,%#/*.0'.!#/!2%.0').!3(&'.)%()!,./!,%7:&')%-(4!! x ]%.0.! &6! ()%7.0! .0! /#! #3(0.6)(&%&! .&'%/(%,.&! 9! &6&! 1%;)#&! 2#! $#-%#! #;#Q(! 9! $#-%#!,./#0'.!3#)#!'.)*%0#)!.0!./!-6.)3(!,./!$%(%,.&4!!

x x

V6#0,(!&.!-(0')#.!./.2#!./!$%(%,.&4!! 5&'#!%0.)2#,(!3()!./!&+3'%*(!3#)4!!

! /0,"T"%"@0%4!! x 5&!./!*:&!3)(160,(!,.!/(&!*G&-6/(&!,./!&6./(!,.!/#!;(-#!9!&.!)./#-%(0#!-(0! /#!-#)#!&63.)%()!,./!*%/($%(%,.(4!! x ]%.0.! &6! ()%7.0! .0! /#! #381%&%&! 7.0%&! %01.)%().&! 9! ,.! #$!! x -,$0&"%&0#>!! ƒ V*/,1/!',1/.*2.!-/%!-*DF(1.*)2"!! ƒ :*%2H*2*-/2"!! ƒ P/,*H*2*-/24!! x Y%#$0&"%&0#>!! ƒ N*/,1./!<2(1/.*2.!-/%!-*DF(1.*)2"!! ƒ ?(1*%2H*2*-/24!! ! 6'(E?,)"A,(@0(*%#(',$0&"%&0#I(( x @.&-%.0,.!/#!*#0,<;6/#!&%!*#0'%.0.!1%Q(!./!$%(%,.&4!! x 5/.2#0!./!$%(%,.&!&%!P6.,#!1%Q#!/#!*#0,<;6/#4!! ! 6'(E?,)"A,(@0(*%#(F%#$0&"%&0#I(( x =.!-(0')#.0!9!./.2#0!./!$%(%,.&4!! ! 7L3;L653(9=>4-!9591253(( =.!.0-6.0').0!*.)*#,(&!3()!./!&.760,(!9!'.)-.)!.0!.//(&!-.)2%-#/.&4!! ! 2#$0&,%$"&%"@0%`!'%.0.!&6!()%7.0!.0!./!.C'.)0(!9!'.)*%0#!.0!./!-#)'!! x =.!.0-6.0')#!,.;#Q(!,.!/#!*6-(&#!P6.!-6;).!./!,()&(!,.!/#!/.076#4!!

x =.!.C'%.0,.!,.&,.!./!2+)'%-.!$#&'#!/#!;#&.!,.!/#!/.076#4!! ! Q]6%,B"$?@",'*(",E0&"%&](( x =.!&%'G#0!,.;#Q(!,.!/#!*6-(&#!P6.!-6;).!/#!-#)#!%01.)%()!,.!/#!/.076#4!! x =.!.C'%.0,.!,.&,.!./!2+)'%-.!$#&'#!/#!;#&.!,.!/#!/.076#4!! x =.!*.J-/#!-(0!/(&!*G&-6/(&!,.!/#!;#&.!,.!/#!/.076#!(!*G&-6/(&!.C')<0&.-(&4!! ! ! x V6#0,(!&.!-(0')#.0!#*;(&I!'%)#0!$#-%#!#'):&!,.!/#!/.076#4!! x V6#0,(!&.!-(0')#.!./!/(07%'6,%0#/!&63.)%()!#!P6.!#!/#!/.076#!$#-%#!#))%;#4!! x V6#0,(!&.!-(0')#.!./!/(07%'6,%0#/!%01.)%()!3#)#!P6.!#!/#!/.076#!$#-%#!#;#Q(4!! ! U]S&',#G0&#%](( x =.!&%'G#!,.&,.!/#!*%'#,!,./!)#1.!,.!/#!/.076#!$#&'#!/#!*6-(&#!,.!/(&!;(),.&! /#'.)#/.&!,.!/#!/.076#!,.!1()*#!')#0&2.)&#/4!! ! ! V]J0&$")'*4!! x =.!&%'G#!,.&,.!/#!&63.)1%-%.!,()&#/!#!/#!&63.)1%-%.!2.0')#/!,.!/#!/.076#4!! x =6!160-%80!.&!#3/#0#)!9!.&').-$#)!/#!/.076#4!! ! 2D$&+,#0)%#( M]/0,"%B*%#%](( x ]%.0.!60#!1()*#!,.!#;#0%-(4!! x =6!()%7.0!&.!.0-6.0')#!.0!/#!#381%&%&!7.0%!,.!/#!*#0,<;6/#4!! x =6&! 1%;)#&! 2#0! $#-%#! #))%;#! 9! $#-%#! #'):&! ,.! 1()*#! P6.! &.! %0&.)'#! .0! /#! -#)#! %01.)%()!,.!/#!/.076#4!! x =.! *.J-/#! -(0! /#&! 1%;)#&! ,./! *G&-6/(! /(07%'6,%0#/! 9! %01.)%()! 9! &6&! 1%;)#&! 3(&'.)%().&!'.)*%0#0!.0!/#!*.*;)#0#!$%3(7/(&#!9!.0!./!$%(%,.&4!! x =6! 160-%80! -(0&%&'.! .0-(0')#)! /#! /.076#! &%.0,(! ./! G0%-(! P6.! 3)(36/&#)! #! /#! /.076#4!! ! Q]2#$"*%B*%#%4!! x ]%.0.!&6!()%7.0!.0!/#!#381%&%&!.&'%/(%,.&4!! x =6&!1%;)#&!&.!,%)%7.0!$#-%#!#;#Q(!9!$#-%#!,./#0'.!%0&.)':0,(&.!.0!/#!;#&.!9!./! ;(),.!/#'.)#/!,.!/#!/.076#4!! x "#!160-%80!.&!/#!).')#--%80!,.!/#!/.076#I!//.2:0,(/#!$#-%#!#))%;#!9!$#-%#!#'):&!! ! U]!"F%B*%#%4!! x ]%.0.!&6!()%7.0!.0!/#&!#&'#&!*#9().&!,./!-6.)3(!,./!$%(%,.&4!! x =6&!1%;)#&!2#0!$#-%#!#))%;#I!!$#-%#!/#!;#&.!9!;(),.!/#'.)#/!,.!/#!/.076#4!! x =.!*.J-/#!-(0!/#&!1%;)#&!,./!*G&-6/(!/(07%'6,%0#/!%01.)%()!9!,./!.&'%/(7/(&(4!! x =6!160-%80!-(0&%&'.!.0!,.3)%*%)!/#!/.076#4!! ! ](,(&!/(&!*G&-6/(&!,.!/#!/.076#!&(0!3#).&!9!-(%0-%,.0!.0!./!&6)-(!*.,%(!/%076#/4!!

! ( ( ( ( ( (

7k3;L653(12(6-(>-49=/2((

;%,#$&")$%&0#(@0(*'(E'&",B0I(( M];%,#$&")$%&(#?F0&"%&](( x ]%.0.! &6! ()%7.0! .0! ./! #0-$(! ,.! /#! #3(1%&%&! 3'.)%7(%,.&I! .0! ./! $%#'(! 3'.)%7(*#0,%;6/#)!9!.0!/#!*#0,<;6/#4!! ! Q];%,#$&")$%&(.0@"%](( x ]%.0.!&6!()%7.0!.0!./!$%(%,.&!9!.0!./!$%#'(!.&'%/(m$%(%,.(4!! ! U];%,#$&")$%&(",E0&"%&](( x ]%.0.!&6!()%7.0!.0!./!-#)'
x

B60-%80>!! ƒ 5/.2#-%80!,.!/#!;#&.!,.!/#!/.076#!9!/#!#)P6.#!-(0')#!./!3#/#,#)!;/#0,(4!! ƒ @.&-%.0,.!./!3#/#,#)!;/#0,(!$#-%#!/#!/.076#4!! ƒ B()*#!.&1<0'.)!P6.!&.3#)#!/#!1#)%07.!,.!/#!-#2%,#,!()#/4!!

! ( Y'*'$%E'&+,B0%4!! x ]%.0.!&6!()%7.0!.0!./!)#1.!*.,%(!9!&6&!1%;)#&!2#0!$#-%#!#;#Q(!9!$#-%#!16.)#! ,.&,.!./!2./(!,./!3#/#,#)!3()!/#!3#).,!/#'.)#/!,.!/#!/#)%07.!9!1#)%07.!9!$#-%#!./! -#)'!! x 7"D$%#>!YI!YDDI!Da!9!a!3#)!-)#0.#/4!! x 30,#"$"G%#(%('E0&0,$0#>!DI!DD!9!YDDD4!! x 7%$%&0#(%(0E0&0,$0#>!DDDI!DYI!YDI!aDI!aDD44!! ! Y'&'(9(%(,0&G"%(%*E'$%&"%](( x 5&!60!0.)2%(!&.0&%'%2(!P6.!).-(7.!/#!&.0&%;%/%,#,I!&(;).!'(,(!,./!(/1#'(I!,.!/#! *6-(&#!P6.!).2%&'.!./!'.-$(!,.!/#&!1(&#&!0#&#/.&4!! x "(&! 0.)2%(&! .0')#0! #! ')#2+&! ,.! /#! /:*%0#! -)%;(&#! ,./! .'*(%,.&! 9! -6#0,(! /#! 3#�I! ./! 0.)2%(! (/1#'()%(&! $#-.! &%0#3&%&I! .0! ./! ;6/;(! (/1#'()%(I! 9! #! -(0'%06#-%80!./!#C80!,.!/#!0.6)(0#!2#!#/!.0-+1#/(4!!

! Y'&(99(%(,0&G"%(AF$")%](( x H.-(7.!'(,#!/#!&.0&%;%/%,#,!2%&6#/!,.!/#!).'%0#4!! x =#/.!3()!./!3(/(!3(&'.)%()!,./!(Q(I!9!3#)'.!,.!/#&!1%;)#&!&.!-)6J#0!.0!/#!/<0.#! *.,%#! 1()*#0,(! ./! P6%#&*#! 83'%-(I! P6.! &.! #3(9#! .0! ./! -#0#/! 83'%-(I! 9! 60#! 2.J!-)6J#,(&!./!0.)2%(!-(0'%0G#!$#&'#!./!')(0-(!-.).;)#/4!! x 5/! 0.)2%(! 83'%-(! 3#)#! #--.,.)! #! /#! -#2%,#,! -)#0.#0#! /(! $#-.! 3()! ./! #76Q.)(! 83'%-(4!! x "#&!1%;)#&!P6.!&.!-)6J#0!0(!&(0!'(,#&I!&8/(!/#&!P6.!).-(7.!%01()*#-%80!,.!/#! ).'%0#!P6.!&.!&%'G#!$#-%#!/#!0#)%J4!! ! Y'&(999(%(,0&G"%(.%$%&(%)?*'&()%.W,](( x 5&! 60! 0.)2%(! *('()! 9! ,#! %0.)2#-%80! #! /(&! *G&-6/(&! .C')<0&.-(&! ,./! (Q(I! .C-.3'(!./!*G&-6/(!(;/%-6(!*#9()!9!#/!).-'(!/#'.)#/!(!).-'(!.C'.)0(4!! x =#/.!,./!-):0.(!3()!/#!$.0,%,6)#!.&1.0(%,#/4!! x ]#*;%+0! //.2#! 1%;)#&! 3#)#&%*3:'%-#&! 3#)#! /(&! *G&-6/(&! %0')<0&.-(&! ,./! (Q(! P6.!).76/#0!./!,%:*.')(!,.!/#!363%/#!9!/#!-6)2#'6)#!,./!-)%&'#/%0(4!! ! Y'&(9J(%(,0&G"%(F'$^$")%](( x =#/.!3()!/#!$.0,%,6)#!.&1.0(%,#/!9!'#*;%+0!.&!60!0.)2%(!*('()4!! x D0.)2#!#/!*G&-6/(!(;/%-6(!*#9()4!! x 5&!./!*:&!,./7#,(!,.!'(,(&!9!.&!60!0.)2%(!-)6J#,(4!! ! Y'&(J(%(,0&G"%($&"B^.",%](( x H.-(7.! /#! &.0&%;%/%,#,! ,.! -#&%! '(,#! /#! -#)#! 9! /#! -#;.J#I! #,.*:&! ,.! /#! &.0&%;%/%,#,!7.0.)#/!,./!-6.)3(!,.!/#!/.076#4!]#*;%+0!,#!%01()*#-%80!*('()#! #!/(&!*G&-6/(&!*#&'%-#,().&!9!(')(&4!! x ]%.0.!60#!)#<J!&.0&()%#/!-69#&!0.6)(0#&!$#-.0!&%0#3&%&!.0!./!7#07/%(!h#&&.)I! P6.! .&! ./! 7#07/%(! &.0&%'%2(! ,./! ')%7+*%0(I! 9! ,.! #P6!! ƒ =0&G"%(%E$H*.")%`!P6.!&#/.!3()!/#!$.0,%,6)#!.&1.0(%,#/4!! ƒ =0&G"%(.'D"*'&(#?F0&"%&`!P6.!&#/.!3()!./!#76Q.)(!).,(0,(!*#9()4!! ƒ =0&G"%( .'D"*'&( ",E0&"%&( %( ,0&G"%( .',@"C?*'&`! P6.! &#/.! 3()! ./! #76Q.)(!(2#/4!! x "#! )#<J! *('()#! ,./! ')%7+*%0(! 0(! $#-.! &%0#3&%&! .0! ./! 7#07/%(I! &%0(! P6.! 3#&#! 3()!,.;#Q(I!#;#0,(0#0,(!./!-):0.(!3()!./!#76Q.)(!(2#/4!! ! Y'&(J9(%(,0&G"%(.%$%&(%)?*'&(0D$0&,%](( x ]#*;%+0! .&! 60! 0.)2%(! *('()! P6.! #;#0,(0#! ./! -):0.(! 3()! /#! $.0,%,6)#! .&1.0(%,#/I!P6.!%0.)2#!*G&-6/(!).-'(!.C'.)0(!(!).-'(!/#'.)#/4!! ! Y'&(J99(%(,0&G"%(E')"'*](( x 5&!60!0.)2%(!*%C'(!-69#!%0.)2#-%80!*('()#!//.7#!#!/(&!*G&-6/(&!,.!/#!*<*%-#! ,.! /#! -#)#4! ]#*;%+0! ).-(7.! /#! &.0&%;%/%,#,! ,.! 60#! 3.P6.[#! J(0#! ,./! '.Q%,(! ).')(#6)%-6/#)!9!/#!&.0&%;%/%,#,!,./!&.0'%,(!,./!76&'(!,./!-6.)3(!,.!/#!/.076#4!!

x ]#*;%+0! ,%&-6)).! 1%;)#&! 3#)#&%*3:'%-#&! 3).7#07/%(0#).&! P6.! %0.)2#0! #! /#! 7/:0,6/#! /#-)%*#/! $#-%.0,(! &%0#3&%&! .0! ./! 7#07/%(! 3'.)%7(3#/#'%0(! 9! #! /#&! 7/:0,6/#&! &6;*#C%/#)! 9! &6;/%076#/! $#-%.0,(! &%0#3&%&! .0! ./! 7#07/%(! &6;*#0,%;6/#)4!! x F;#0,(0#! /#! -#2%,#,! -)#0.#0#! 3()! ./! ()%1%-%(! #6,%'%2(! %0'.)0(! 9! &#/.! ,.! -):0.(!3()!./!()%1%-%(!.&'%/(*#&'(%,.(4!! ! Y'&(J999(%(,0&G"%(0#$'$%')W#$")%(%(G0#$+C?*%R)%)*0'&](( x 5&! 60! 0.)2%(! &.0&%'%2(! P6.! ).-(7.! /#! &.0&%;%/%,#,! ).1.)%,#! #/! &.0'%,(! ,./! .P6%/%;)%(!9!,.!/#!#6,%-%80!#!')#2+&!,.!&6&!)#*#&!2.&'%;6/#)!9!-(-/.#)4!! x F;#0,(0#!./!-):0.(!3()!./!()%1%-%(!#6,%'%2(!%0'.)0(!$#-%#!./!*.&.0-+1#/(4!! ! Y'&(9[(%(,0&G"%(B*%#%E'&+,B0%](( x 50!&6!0.)2%(!*%C'(!-69#!%0.)2#-%80!*('()#!//.7#!#/!*G&-6/(!.&'%/(1#)%07.(4! ]#*;%+0!'%.0.!#1.).0-%#&!&.0&%'%2#&!,.!/#!1#)%07.!9!,.!/#!;#&.!,.!/#!/.076#I!#&
=0&G"%(%E$H*.")%]((

x 5&! &.0&%'%2(! 9! ).-(7.! /#! &.0&%;%/%,#,! ,.! /#! -(0Q60'%2#I! -8)0.#I! 7/(;(! (-6/#)I! &.0(&! .&1.0(%,#/.&I! .'*(%,#/! 9! 1)(0'#/I! ,.! /#! 8);%'#I! 1).0'.! 9! '#*;%+0! ,.! /#! ,6)#*#,).4!! x F;#0,(0#!./!-):0.(!3()!/#!$.0,%,6)#!.&1.0(%,#/!9!,#!').&!)#*#&>!! ( M]=0&G"%(E&%,$'*>!3#&#!3()!/#!3#).,!&63.)%()!,.!/#!8);%'#!9!&.!,%2%,.!.0>!! x W/.=*2!(&<.'2.5*1'.*2S!!&#/.!3()!./!#76Q.)(!&63)#();%'#)%(!9!).-(7.!/#!&.0&%;%/%,#,!,.!/#! 3%./!,.!/#!1).0'.!9!,./!3:)3#,(!&63.)%()4!]#*;%+0!,./!&.0(!1)(0'#/4!! x W/.=*2! (&<.'1.2)%/'.`! 3#&#! 3()! .0-%*#! ,./! '.0,80! ,./! (;/%-6(! *#9()! 9! ).-(7.! /#! &.0&%;%/%,#,!,.!/#!J(0#!*.,%#/!,.!/#!1).0'.!9!,./!3:)3#,(!&63.)%()4!! ! Q]=0&G"%(*')&".'*>!&%76.!3()!/#!3#).,!.C'.)0#!,.!/#!8);%'#!9!).-(7.!/#!&.0&%;%/%,#,!,.!/#!3%./! ,.!/#!).7%80!/#'.)#/!,./!(Q(I!-(0Q60'%2#!9!7/:0,6/#!/#-)%*#/4!! o "/.2#!1%;)#&!3(&'7#07/%(0#).&!3#)#!/#!7/:0,6/#!/#-)%*#/4!! o =.!#0#&'(*(&#!-(0!/#!)#*#!();%'#)%#!,./!0.)2%(!*#C%/#)!&63.)%()4!! ! U]=0&G"%(,'#'*>!3#&#!3()!/#!3#).,!*.,%#/!,.!/#!8);%'#!9!,.!+/!&.!,.)%2#0>!! ƒ W/.=*2!/132*-'%!',1/.*2.`!3#&#!3()!./!#76Q.)(!.'*(%,#/!#0'.)%()!9!#&!! o H#*#&!0#&#/.&!/#'.)#/.&!9!)#*#&!0#&#/.&!*.,%#&`!P6.!).-(7.!/#!&.0&%;%/%,#,!,.! /#!3#)'.!*:&!#0'.)%()!9!3(&'.)%()!,.!/#!3#).,!.C'.)0#!,.!/#&!1(&#&!0#&#/.&4!! o H#*#!0#&#/!.C'.)0#>!&#/.!.0').!/(&!$6.&(&!0#&#/.&!9!/(&!-#)'!).-(7.!/#!&.0&%;%/%,#,!,.!/#!*6-(&#!P6.!&.!&%'G#!,./#0'.! ,.!/(&!-()0.'.&!0#&#/.&4!! ƒ W/.=*2! /132*-'%! <2(1/.*2.`! ).-(7.! /#! &.0&%;%/%,#,! ,.! ./! &.0(! .'*(%,#/! 9! ,.! /#&! -./,%//#&! .'*(%,#/.&!3(&'.)%().&4!! ƒ W/.=*2!)*%*'.`!%0.)2#!/#!-8)0.#4!! ƒ W/.=*2! *,;.'1.2)%/'.`! 3#&#! 3()! ,.;#Q(! ,./! '.0,80! ,./! (;/%-6(! *#9()! 9! ).-(7.! /#! &.0&%;%/%,#,!,.!/#!3%./!,.!/#!:076/(!%0'.)0(!,./!(Q(I!,./!&#-(!/#-)%*#/!9!,.!/#!3%./!2.-%0#! ,.!/(&!3:)3#,(&4!! !!

=0&G"%(.'D"*'&(#?F0&"%&]((

x F;#0,(0#! ./! -):0.(! 3()! ./! #76Q.)(! ).,(0,(! *#9()! P6.! &.! #;).! #! /#! 1(&#! 3'.)%7(3#/#'%0#4!FP6!!

! M]=0&G"%('*G0%*'&(F%#$0&"%&(P(#?F0&"%&>!.0')#0!3()!/(&!()%1%-%(&!,.0'#)%(&!3(&'.)%().&!,.!/#! '6;.)(&%,#,!*#C%/#)4! x @%&-6)).!3()!/#!3#).,!3(&'.)%()!,./!&.0(!*#C%/#)!9!3)(3()-%(0#0!%0.)2#-%80! &.0&%'%2#!,.!/(&!*(/#).&!&63.)%().&!#&!.0')#!.0!/#!8);%'#!3()!/#!-%&6)#!();%'#)%#!%01.)%()4! x X#&#! 3()! ./! -(0,6-'(! %01)#();%'#)%(! &#/%.0,(! #! ')#2+&! ,./! #76Q.)(! %01)#();%'#)%(4!

x x !

x H.-(7.!/#!&.0&%;%/%,#,!,.!/#!3%./!,./!3:)3#,(!%01.)%()I!,./!#/#!,.!/#!0#)%JI!3%./! #/).,.,()!,./!2.&'<;6/(!0#&#/I!#/#!&63.)%()!9!,.!/#!*6-(&#!,./!/#;%(!&63.)%()4!! x 50!&6!')#9.-'(!2#!3()!.0-%*#!,./!&.0(!*#C%/#)!9!3)(3()-%(0#/!,(&!)#*#&>!! W/.=*2!'%=/2%'.!(&
"#&!'.)*%0#-%(0.&!,./!0.)2%(!#/2.(/#)!3(&'.)%()%!&63.)%()!9!,./!0.)2%(!#/2.(/#)!&63.)%()!9! *.,%(!9!,./!0.)2%(!#/2.(/#)!#0'.)%()!&63.)%()!&.!#0#&'(*(�!9!1()*#0!./!F*0D%(@0,$'&"%4!! ! U]=0&G"%()"B%.H$")%(?(%&C"$'&"%`!3#&#!#!')#2+&!,.!/#!-%&6)#!();%'#)%#!%01.)%()!,.!/#!8);%'#!9! ,%&-6)).!3()!/#!3#).,!/#'.)#/!,.!/#!8);%'#4!p0#!)#*#!&.!#0#&'(*(&#!-(0!./!0.)2%(!/#-)%*#/!9! 1%0#/*.0'.!,#!,(&!)#*#&!'.)*%0#/.&4!! x W/.=*2!)*D23F1*)2!;')*'%`!#')#2%.&#!./!*#/#)!9!).-(7.!/#!&.0&%;%/%,#,!,.!/#!3%./!,.!/#!).7%80! *#/#)4!! x W/.=*2! )*D23F1*)2! 1/3<2.'%`! #')#2%.&#! ./! *#/#)! 9! ).-(7.! /#! &.0&%;%/%,#,! ,.! /#! 3%./! ,.! /#! ).7%80!'.*3()#/4!! ! V]=0&G"%(F$0&"B%F'*'$",%(%(0#E0,%F'*'$",%I(Q60'(&!&(0!0.)2%(&!P6.!&(0!)#*#&!,./!*#C%/#)! &63.)%()! 9! P6.! 3#�! 3()! ./! 7#07/%(! 3'.)%7(3#/#'%0(! #60P6.! 0(! $#-.0! &%0#3&%&! .0! +/4! X)(3()-%(0#0!)#*#&!P6.!,#0!/#!&.0&%;%/%,#,!,./!%0'.)%()!,.!/#!*6-(&#!0#&#/>!! x X'3'(!,'('%/(!<2(1/.*2./(M!(&
o =#/.! ,./! -):0.(! 3()! ./! #76Q.)(! (2#/! 9! &.! &%'G#! .0').! /(&! *G&-6/(&! 3'.)%7(.&'#1%/%0(!.C'.)0(!9!3'.)%7(%,.(!*.,%#/4!! o 50!.&'.!')#9.-'(I!,#!60#!)#*#!*('()#!3#)#!./!3'.)%7(%,.(!*.,%#/I!(')#!3#)#!./! 3'.)%7(.&'#1%/%0(! .C'.)0(! 9! 60#! )#*#! &.0&%'%2#! P6.! 2#! .0')#)! (')#! 2.J! .0! ./! %0'.)%()!,./!-):0.(!3()!./!#76Q.)(!).,(0,(!*.0()!9!P6.!%0.)2#!/#!,6)#*#,).!9! /#&!-./,%//#&!*#&'(%,.#&4!! o @.&36+&I!./!0.)2%(!&.!,%2%,.!.0!,(&!')#*(&!60(!#0'.)%()!P6.!.&!*('()!9!60(! 3(&'.)%()!P6.!&.0&%'%2(>!( ( M]4'.'#(@0*($&%,)%(',$0&"%&I(( ƒ W/.=*2!<1/.*D2*-/2!%'1/.'%`!P6.!#/-#0J#!#/!*G&-6/(!3()!&6!3#)'.!*.,%#/4!! ƒ W/.=*2(! 1/3<2.'%/(! <.2;&,-2(`! '.*3()#/! 3)(160,(! #0'.)%()! 9! 3(&'.)%()! #60P6.! #! 2.-.&! 36.,#!3#).-.)!60!0.)2%(!*.,%(4!! x =.!&%'G#0I!.0').!./!.&1.0(%,.&!9!./!3'.)%7(%,.(!.C'.)0(!9!&.!,%)%7.0!$#-%#!#))%;#! ;(),.#0,(!/#!-).&'#!.&1.0('.*3()#/!9!#/-#0J#!#/!'.*3()#/!.0!&6!-#)#!*.,%#/4!! ƒ W/.=*2!3'(/1/.*,2`!&.!&%'G#!.0').!.&1.0(%,.&!9!./!3'.)%7(%,.(!/#'.)#/!9!3#&#!3()!.0-%*#! ,./!;(),.!&63.)%()!,./!3'.)%7(%,.(!/#'.)#/I!,%)%7%+0,(&.!$#-%#!#;#Q(!3()!,./#0'.!,.!/#! -:3&6/#!,.!/#!F]L4!! x F')#2%.&#! /#! .&-('#,6)#! &%7*(%,.#! 9! #/-#0J#! ./! *#&.'.)(! 3()! &6! -#)#! 3)(160,#4!! ƒ W/.=*2!5&)'%`!0(!.&!*('()!&%0(!&.0&%'%2(4! x =.! &%'G#! .0').! ./! .&1.0(%,.&! 9! ./! 3'.)%7(%,.(! .C'.)0(I! 9! 3#&#! .0').! /(&! ,(&! 1#&-<-6/(&! ,./! 3'.)%7(%,.(! .C'.)0(! ,%)%7%+0,(&.! $#-%#! #;#Q(! 9! $#-%#! ,./#0'.! 3#)#!#')#2.&#)!./!*G&-6/(!;6--%0#,()4! x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g4 50').! &6&! )#*#&! ).-(7.! /#! &.0&%;%/%,#,! ,.! /#! F]LI! -(0,6-'(! #6,%'%2(! .C'.)0(I!'<*3#0(I!3#)8'%,#!9!,.!/#!3%./!,.!/#!*%'#,!&63.)%()!,./!3#;.//80!,.!/#! ().Q#4!! DD4 W/.=*2! -/,1'.*2! *,;/.*2.>! &.! &%'G#! .0').! ./! 3'.)%7(%,.(! /#'.)#/! 9! /%7#*.0'(! .&1.0(m '.*3()#/4!! F4 50')#! .0! ./! %0'.)%()! ,.! /#! *#0,<;6/#! #! ')#2+&! ,./! ()%1%-%(! ,./! -(0,6-'(! ,.0'#)%(4!!

g4

DDD4

! ! >-;9-6((

!

=6&! )#*#&! '.)*%0#/.&! &(0! ./! ,0&G"%( .0,$%,"',%I! P6.! %0.)2#! /#! 3%./! ,./! *.0'80! .0! ./! /#;%(! %01.)%()! 9! '#*;%+0! /#! *6-(&#! ,./! /#;%(! %01.)%()! 9! ,.! /#! .0-<#! 9! ,./! &6)-(! 2.&'%;6/#)`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g4 FP6
D4

50! &6! 0.)2%(! *%C'(4! @#! .1.).0'.&! *('().&! 3#)#! /(&! *G&-6/(&! ,.! /#! *<*%-#!9!#1.).0'.&!&.0&%'%2(&!3#)#!/#!&.0&%;%/%,#,!,.!/#!3%./!9!#/).,.,()!,.!/#! ().Q#4!]#*;%+0!/#!&.0&%;%/%,#,!76&'#'%2#!,./!-6.)3(!,.!/#!/.076#4!! DD4 50! &6&! 1%;)#&! '#*;%+0! $#9! 1%;)#&! 3#)#&%*3:'%-#&! 3).7#07/%(0#).&! P6.! ).76/#! /#! &.-).-%80! ,.! &#/%2#! 3()! /#! 7/:0,6/#! &6;*#C%/#)! 9! &6;/%076#/! 9! &.-).-%80!,.!/#!7/:0,6/#!/#-)%*#/!9!&#/%2#).&!*.0().&!3#/#'%0#&4!! DDD4 ]%.0.! ,(&! )#<-.&`! 60#! )#<J! *('()#! P6.! .&! ./! 0.)2%(! 1#-%#/! 9! 60#! )#<J! &.0&%'%2#!P6.!.&!./!0.)2%(!%0'.)*.,%#)%(4!! DY4 F*;(&I! &#/.0! ,./! ')(0-(! -.).;)#/! #! 0%2./! ,./! &6)-(! ,.! /#! 3)('6;.)#0-%#! ,./!;6/;(4!50')#!.0!./!3.[#&-(!,./!'.*3()#/!#!')#2+&!,./!()%1%-%(!,./!-(0,6-'(! #6,%'%2(!%0'.)0(!,(0,.!(-63#0!./!-6#,)#0'.!#0'.)%()!9!&63.)%()!9!#!3#)'%)!,.! #P6
M]4'.'#(O?0($"0,0,(#?(%&"B0,(0,(0*(B',B*"%(B0,")?*'@%I(( D4

W/.=*2! ! &#/.! ,./! 3.[#&-(! 3()! ./! $%#'(! 9! &.! 60.! #/! 0.)2%(!3.')(&(!3)(160,(!*#9()!P6.!.&!60#!)#*#!,./!7/(&(1#)<07.(4!]#*;%+0! &.! 60.! #! 60#&! )#*#&! &%*3:'%-#&! 3#)#! /#! -#)8'%,#I! P6.! &#/.0! 3()! ./! #76Q.)(!

!

)#&7#,(! #0'.)%()I! #')#2%.�! ./! -(0,6-'(! 3'.)%7(%,.(! 9! #/-#0J#0! ./! 7#07/%(! 3'.)%7(3#/#'%0(!.0!/#!1(&#!3'.)%7(3#/#'%0#4!! ?4 "#&! 1%;)#&! .1.).0'.&! ,.! .&'.! 7#07/%(! &(0! 1%;)#&! P6.! 2#0! #! /#! 7/:0,6/#!/#-)%*#/I!#!')#2+&!,./!0.)2%(!-%7(*:'%-(!9!0.)2%(!/#-)%*#/!,./! ')%7+*%0(I!).76/#0,(!#&
Q]4'.'#(O?0(,%($"0,0,(#?(%&"B0,(0,(0*(B',B*"%I(( D4

W/.=*2!-/!%'!)&/.-'!1*3!! D4 "#!3)%*.)#!&.!&%'G#!Q6&'(!#!/#!&#/%,#!3()!./!()%1%-%(!.&'%/(!*#&'(%,.(I!9!.&! 60#!)#*#!P6.!&.!#0#&'(*(&#!-(0!./!7/(&(1#)<07.(!,.!1()*#!P6.!.0').!#*;#&! 1()*#0!./!'('!-/!Z'%%/.4!! DD4 X'3'!%*,D&'%`!.&!3#)#/./#!#/!.&'%/(7/(&(!3#)#!#/-#0J#)!/#!;#&.!,.!/#!/.076#!9! '#*;%+0!&.!36.,.!#0#&'(*(&#)!#/!7/(&(1#)<07.(4!! DDD4 5&'#&!,(&!)#*#&!&(0!%0-(0&'#0'.&4!! DY4 W/.=*2! '&.*)&%'.! <2(1/.*2.`! -(0'()0.#! ./! .C'.)0(-/.%,(*#&'(%,.(! 9! ./! ;(),.! #0'.)%()!,.!/#!*#&'(%,.&!3#)#!,%&')%;6%)&.!3()!./!*G&-6/(!#6)%-6/#)I!(--%3%'#/!9! -#)#!%0'.)0#!,./!3#;.//80!#6,%'%2(4!! N" X'3'!'%!=*/,1./!<2(1/.*2.!-/%!-*DF(1.*)2"!! YD4 X'3'!<'.'!/%!/(1*%2H*2*-/2"!! ! @.&36+&I!./!1#-%#/!.0')#!.0!./!.&3.&()!,.!/#!3#)8'%,#I!/#!#')#2%.&#!9!')#&!&6&!)#*#&!'.)*%0#/.&4!!

( Q]4'.'#($0&.",'*0#>!2#0!,%)%7%,#&!#!'(,(&!/(&!*G&-6/(&!,.!/#!*<*%-#!9!&.!0(*;)#0!&.7G0!

&6!,%&')%;6-%804!! D4 X'3'(! 1/3<2.'%/(`! ,#0! %0.)2#-%80! *('()#! #! /(&! *G&-6/(&! #6)%-6/#).&! #0'.)%()! 9! *.,%(I! #/! 1)(0'#/I! &63.)-%/%#)I! #/! 3%)#*%,#/! 9! #/! ();%-6/#)! ,.! /(&! /#;%(&4!!

DD4

X'3'(! )*D23F1*)'(`! ,#0! %0.)2#-%80! #! /(&! *G&-6/(&! -%7(*:'%-(&! *#9()! 9! *.0()I!#/!*G&-6/(!0#&#/I!#/!./.2#,()!-(*G0!,./!/#;%(!&63.)%()!9!,./!#/#!0#&#/I! #/! ./.2#,()! 3)(3%(! ,./! /#;%(! &63.)%()I! #/! ,%/#'#,()! ,.! /#&! #/#&! 0#&#/.&! 9! #/! ,.3).&()!,./!&.3'(!0#&#/4!! DDD4 X'3'(!5&)'%/(`!2#0!#/!;6--%0#,()I!();%-6/#)!,.!/(&!/#;%(&!9!#/!))%&()%(4!! DY4 X'3'!3'.D*,'%!2!3',-*5&%'.`!3#)#!./!,.3).&()!,./!/#;%(!3)%()I!,.3).&()!,./! :076/(!,.!/#!;(-#!9!./!*G&-6/(!*.0'(0%#0(4!! Y4 X'3'!)/.=*)'%`!2#!,.&'%0#,#!#/!3/#&'%*#4!! ! /6535>-4X=>25(( D4 5&! 60! 0.)2%(! *%C'(I! ,.! 1()*#! P6.! .&! *('()! 3#)#! ./! *G&-6/(! .&'%/(1#)%07.(! 9! '#*;%+0! ,#! #1.).0'.&! &.0&%'%2(&! ,./! 3#/#,#)! '#0'(! 3#)#! /#! &.0&%;%/%,#,!7.0.)#/!-(*(!76&'#'%2#!,.!/#!;#&.!,.!/#!/.076#4!! DD4 =6)7.!,./!;6/;(I!#;#0,(0#!./!-):0.(!#-(*3#[#0,(!#/!3#)!a!9!aD!#!')#2+&! ,./! #76Q.)(! 9676/#)! 9! 60#! 2.J! 16.)#! ,./! -):0.(! ,.! .&-)%;.! 60#! -(0-#2%,#,! #0'.)%()I!&%'6:0,(&.!.0').!/#!2.0#!9676/#)!%0'.)0#!9!/#!-#)8'%,#!%0'.)0#4!! DDD4 =.! #,(&#,#! #! /#! 3#).,! /#'.)#/! ,.! /#! 1#)%07.! 9! #&
M]4'.'#()%*'$0&'*0#](( L"

W/.=*2!1*3!B%/02!1*3
! mY%,%#0(!9!&#/%2#,()!&63.)%()!'%.0.0!&6!()%7.0!.0!./!3#)!YDD4!! m=#/%2#,()!%01.)%()!(!0.)2%(!3.')(&(!%01.)%()!'%.0.!&6!()%7.0!.0!./!3#)!Da4!! !

Q]5$&'#()%*'$0&'*0#I(( #A

H#*#&! &%*3:'%-#&! 3#)#! /#! #)'.)%#! -#)8'%,#I! P6.! 1()*#0! ./! 3/.C(! -#)('<,.(4!!

!

;A -A ,A .A

H#*#&!3#)#!/(&!*G&-6/(&!.&'%/(m1#)%07.(4!! H#*#!3#)#!./!.&'%/(7(/(&(!9!3#/#'(7/(&(4!! H#*#!3#)#!-(0&')%-'().&!,.!/#!1#)%07.I!1()*#0,(!./!3/.C(!1#)%07.(4!! H#*#&!'(0&%/#).&!3#)#!/#!#*<7,#/#4!!

U]4'.'#($0&.",'*0#>!1()*#0!./!3/.C(!/%076#/!P6.!&.!&%'G#!.0!/#!;#&.!,.!/#!/.076#!9!P6.!,#!/#!

&.0&%;%/%,#,!7.0.)#/!9!76&'#'%2#4! ! J-/5(%(Y-4([(( D4 5&!./!0.)2%(!*:&!/#)7(I!9!#,.*:&!.&!60!0.)2%(!*%C'(4!! DD4 5&! *('()I! %0.)2#0,(>! "(&! *G&-6/(&! ,.! /#! /#)%07.4! o! '#*;%+0! /(&! *G&-6/(&!,.!/#!1#)%07.4!! DDD4 5&!&.0&%'%2(!3#)#!/#!J(0#!,.!/#!/#)%07.!9!,.!/#!1#)%07.4!! DY4 ]%.0.!#-'%2%,#,!3#)#&%*3:'%-#&!3#)#!/(&!8)7#0(&!,.!/#!-#2%,#,!'():-%-#!9! #;,(*%0#/!-(*(!&(0!./!-()#J80I!36/*(0.&I!.&'8*#7(I!.&81#7(4!! ! =6)7.! .0! ./! ')(0-(! -.).;)#/! 9! &#/.! ,./! -):0.(! 3()! ./! #76Q.)(! )#&7#,(! 3(&'.)%()! Q60'(!-(0!./!3#)!Da!9!aD4!! =.!.0-6.0')#!#&(-%#,(!#!K!7:07/%(&>!! D4 p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

4'.'#I((

D4

X'3'!3/,*,D/'`!'%.0.!&6!()%7.0!.0!./!7#07/%(!&63.)%()!9!26./2.!#!.0')#)!.0! ./!-):0.(!3()!./!#76Q.)(!9676/#)4!D0.)2#!/#!,6)#*#,).4!! DD4 X'3'!'&.*)&%'.`!'%.0.!&6!()%7.0!.0!./!7#07/%(!&63.)%()!9!&.!#0#&'(*(&#!-(0! /#!3)%*.)#!)#*#!%0')#3.')(&#!,./!YDD!3#)4!! DDD4 X'3'(! ;'.*,D/'(`! '%.0.0! &6! ()%7.0! .0! ./! 7#07/%(! %01.)%()! 9! 2#0! 3()! /(&! *G&-6/(&!,.!/#!1#)%07.I!-(0')%;69.0,(!#!1()*#)!./!3/.C(!1#)%07.(4!! DY4 W/.=*2!%'.+,D/2!(&
?4

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`!! #A H#*#&!-#),%#-#&!*.,%#&4!! ;A H#*#&!.&(1:7%-#&4!! -A H#*#&!')#P6.#/.&4!! ,A H#*#&!1#)%07.#&4!! .A o#! .0! /#! /#)%07.I! &.! #0#&'(*(&#! -(0! )#*#&! ,./! 0.)2%(! /#)<07.(!%0'.)0(!/(!P6.!&.!,.0(*%0#!'('!-/!P'%/,24!! NLL" X'3'(!)'.-*')'(!*,;/.*2./("!! NLLL" X'3'(!<&%32,'./("!! Da4 X'3'(!/(2;FD*)'("! ! =2J95(23Y9=-6(5(Y-4([9(( D4 5&! 60! 0.)2%(! *('()! P6.! '%.0.! &6! ()%7.0! .0! ./! ;6/;(! )#P6<,.(! 9! .0! /#! *+,6/#!.&3%0#/4!! DD4 "(&!0.)2%(&!,.!/#!)#<J!.&3%0#/I!.0')#0!#/!-):0.(!3()!./!#76Q.)(!*#70(!3#)#! 60%)&.!-(0!/#&!1%;)#&!,.!/#!)#<J!;6/;#)4!! DDD4 =#/.0!3()!./!#76Q.)(!9676/#)!-(0!./!3#)!Da!9!a4!! DY4 @.&-%.0,.0!3()!/#!J(0#!3(&'.)%()!9!/#'.)#/!,./!-6.//(!9!,#0!,(&!)#*#&>!! ?4 L,'( &'.'( ",$0&,'I! P6.! 2#! ,%)%7%,#! #/! 2#7(! 9! &.! 60.! -(0! +/! ,%&')%;69+0,(&.!3()!/(&!*G&-6/(&!,.!/#!1#)%07.!9!/#)%07.4!! K4 L,'( &'.'( 0D$0&,'I! P6.! 2#! ,.&'%0#,#! #! /(&! *G&-6/(&! ')#3.-%(! 9! .C'.)0(-/.%,(*#&'(%,.(4! ! !9Y5/6535(7-Z54(5(Y-4([99(( ( 5&! 60! 0.)2%(! *('()! P6.! &#/.! 3()! ./! #76Q.)(! -(0,
4'.'#()%*'$0&'*0#I(( L"

X'3'!3/,*,D/'"!!

LL" DDD4 !

X'3'!<'.'!%'!=/,'!I&D&%'.!*,1/.,'"!! X'3'! -/()/,-/,1/( P6.! #0#&'(*(&#! -(0! )#*#&! ,.! /(&! 3)%*.)(&! 0.)2%(&! -.)2%-#/.&I! 1()*#0,(! /#&! '('(! )/.=*)'%/(! ,.! ,(0,.! &6)7.0! )#*#&! 3#)#! /(&! *G&-6/(&!%01)#$%(%,.(&!9!3#)#!./!7.0%$%(%,.(4!!

4'.'#($0&.",'*0#I(( D4

Y#0!,.&'%0#,#&!#/!*G&-6/(!%0')<0&.-(!9!.C')<0&.-(!,.!/#!/.076#4!

! 9=S451L;;9:=(( x 5/! &%&'.*#! 2#&-6/#)! ,.! /#! -#;.J#! &.! -(*3(0.! ,.! 2#&(&I! #)'.)%#&I! 2.0#&! 9! /%01:'%-(&4!! x 5/!&%&'.*#!#)'.)%#/!'%.0.!&6&!2#&(&!-(0!()%7.0!.0!./!-()#J80!9!,.&'%0#,(&!#!/(&! ,%1.).0'.&!8)7#0(&!*%.0')#&!P6.!./!&%&'.*#!2.0(&(!'%.0.!&6!()%7.0!.0!./!/.-$(! -#3%/#)!9!2#!$#-%#!./!-()#J804!! x "#&!2.0#&!,.!/#!-#;.J#I!'%.0.0!*.0()!3)(3()-%80!,.!2:/26/#&!P6.!/#&!2.0#&! ,.! (')(&! '.))%'()%(&4! X()! .//(I! /#&! %01.--%(0.&I! '6*().&I! .'-4! .0! /#! ;(-#! &.! 36.,.0!.C'.0,.)!$#-%#!J(0#&!%01.)%().&4!! x "(&! 2#&(&! /%01:'%-(&I! &(0! *:&! 06*.)(&(&! P6.! #)'.)%#&! 9! 2.0#&I! 3.)(! '%.0.0! 60#!,%&')%;6-%80!&%*%/#)!#/!'.))%'()%(!2.0(&(4!! x "#&!#)'.)%#&!36.,.0!-(*60%-#)!.0').!&!! x Q'-2!*AG&*/.-2`!#*;#&!'%.0.0!./!()%7.0!.0!./!-#9#,(!,.!/#!#()'#4!! x Q'-2! -/./)H2`! #*;#&! '%.0.0! ./! ()%7.0! .0! ./! ')(0-(! ;)#P6.(-.1:/%-(I! P6.! #! &6! 2.J!.&!60#!)#*#!,.!/#!#()'#4!! "#!*#9()!3#)'.!,.!/#!%))%7#-%80!,.!/#!-#;.J#I!.&!7)#-%#&!#!/#!-#)8'%,#!9#!P6.!/#!&6;-/#2%#! %))%7#!3)%0-%3#/*.0'.!/#!.C').*%,#,!&63.)%()I!#60P6.!,.!)#*#&!P6.!2#9#0!,%)%7%,#&!$#-%#!/#! -#;.J#4!! !

-&$0&"'()'&A$"@'(F&"."$"G'](( x

F&-%.0,.! 3()! ./! -6.//(! Q60'(! -(0! ./! 0.)2%(! 2#7(! 9! /#! 2.0#! 9676/#)! %0'.)0#! 1()*#0,(!./!3#P6.'.!2#&-6/(0.)2%(&(4!! x "/.7#! $#&'#! ./! 3(/(! &63.)%()! ,./! -#)'! x F0'.)%()*.0'.! &.! )./#-%(0#! -(0! /#! 7/:0,6/#! '%)(%,.&! 9! -(0! ./! *G&-6/(! .C'.)0(-/.%,(*#&'(%,.(!9!!!!!!!!!!!!!!!4!! x L.,%#/*.0'.!&.!)./#-%(0#!-(0!/#!/#)%07.I!'):P6.#!9!0.)2%(!).-6)).0'.4!! x 50!/#!;%16)-#-%80I!&.!&%'G#!./!-6.)3(!-#)('<,.(!P6.!.&!60#!.&')6-'6)#!&.0&%'%2#! -(0!;#)()).-.3'().&4!! !

M]-&$0&"'()'&A$"@'(",$0&,'>!! x

5&! /#! -(0'%06#-%80! ,.! /#! -#)8'%,#! 3)%*%'%2#! 9! #&-%.0,.! $#&'#! /#! ;#&.! ,./! -):0.(! 3#)#! .0')#)! 3()! ./! 3.[#&-(! ,./! '.*3()#/I! E).-(),#)! P6.! ./! -(0,6-'(! -#)('<,.(I! .0')#! 3()! /#! -#)#! 3(&'.)%()! ,.! %01.)%()! ,./! 3.[#&-(! 9! &#/.! 3()! ./! 2+)'%-.A4!=%76.!3()!/#!;#&.!,./!-):0.(!9!&.!)./#-%(0#!-(0!/(&!*G&-6/(&!*('().&! (-6/#).&4!! x @.0')(!,./!-):0.(!,#!,(&!)#*#&`!/#!)/./5.'%!',1/.*2.!9!/#!)/./5.'%!3/-*'!P6.!2#0!#/! .0-+1#/(4!! x ]#*;%+0!,#!-(/#'.)#/.&!%*3()'#0'.&!-(*(!.&!/#!'.1/.*'!2;1F%3*)'4!! ! RR.1/.*'! 2;1F%3*)'`! .0')#! #! /#! 8);%'#! 3()! ./! #76Q.)(! 83'%-(! #-(*3#[#,#! 3()! ./! 0.)2%(! 83'%-(4! FP6!! x R.1/.*'! )/,1.'%! -/! %'! ./1*,'I! 60#! (;&')6--%80! 3)(,6-%)<#! 60! ,#[(! 9! 3()! -(0&%76%.0'.!/#!-.76.)#4!! x R.1/.*'(!)*%*'./(I!P6.!2#0!#/!-()(%,.&!9!./!%)%&4!! x R.1/.*'! %'D.*3'%I! P6.! 2#! #! /#! 7/:0,6/#! /#7)%*#/! ,.! /#! P6.! &6)7.! /#! #)'.)%#&! 3#/3.;)#/.&!/#'.)#/.&4!! x R.1/.*'! /132*-'%! ',1/.*2.! I! <2(1/.*2.! P6.! 2#0! #! /#&! 1(&#&! 0#&#/.&! 9! &.0(&! 3#)#0#&#/.&4!! x R.1/.*'!(&<.'2.5*1'.*'I!P6.!&#/.!3()!./!#76Q.)(!&63)#();%'#)%(!.!%))%7#!/#!3%./!,.! /#!1).0'.!9!,./!3:)3#,(4!! x R.1/.*'(!3&()&%'./(I!3#)#!/(&!*G&-6/(&!.C')<0&.-(&!,./!(Q(4!! x R.1/.*'!(&<.'1.2)%/'.I!3#&#!3()!.0-%*#!,./!'.0,80!,./!(;/%-6(!*#9()!.!%))%7#!/#! 3%./!,.!/#!J(0#!*.,%#/!,.!/#!1).0'.!9!,./!3:)3#,(!&63.)%()!! x R.1/.*'!-/%!-2.(2!,'('%I!.&!60#!)#*#!'.)*%0#/!,.!/#!#)'.)%#!(1':/*%-#!P6.!2#!3()! /#! 3#).,! %0'.)0#! ,.! /#! 8);%'#I! //.7#! #/! :076/(! %0'.)0(! ,./! (Q(! ,(0,.! #0#&'(*(&#! -(0! /#! #)'.)%#! #076/#)! P6.! .&! 60#! )#*#! '.)*%0#/! ,.! /#! #)'.)%#! 1#-%#/4!! ! Q]-&$0&"'()'&A$"@'(0D$0&,'>!! x 5&! /#'.)#/! #! /#! 3)%*%'%2#I! ,.! 1()*#! P6.! 3()! 16.)#! &.! )./#-%(0#! -(0! ./! 0.)2%(! $%3(7/(&(!P6.!/#!-)6J#I!9!-(0!./!.C'.)0(-/.%,(*#&'(%,.(4!! x X()!,.0')(!&.!)./#-%(0#!-(0!/#!1#)%07.4!! x F&-%.0,.! %0')#! .0! /#! -./,#! 3#)('<,.#! ,(0,.! ,#! &6&! )#*#&! '.)*%0#/.&4! 50! &6! ')#9.-'(I!,#!!7)63(&!,.!)#*#&`!! ! ;%*'$0&'*0#(',$0&"%&0#a(( 'U R.1/.*'!1*.2*-/'!(&!! ƒ X#)#!/(&!*G&-6/(&!%01)#$%(%,.(&4!! ƒ X#)#!/#!7/:0,6/#!'%)(%,.&4!! ƒ X#)#!./!*G&-6/(!.C'.)0(-/.%,(*#&'(%,.(4!!

ƒ !

!

H#*#! /#)<07.#! &63.)%()! P6.! &.! )./#-%(0#0! -(0! ./! 0.)2%(! /#)<07.(! .C'.)0(4!!

5U R.1/.*'!%*,D&'%C!! x =6)7.!Q6&'(!3()!.0-%*#!,./!$6.&(!$%(%,.&4!! x Y#!#!,./#0'.!3.7#,(!#/!-(0&')%-'()!*.,%(4!! x Y#! #/! &6./(! ,.! /#! ;(-#! 3#�,(! 3)(160,#! #/! *G&-6/(! $%(7/(&(! ,(0,.! &.! )./#-%(0#!-(0!./!0.)2%(!$%3(7/(&(4!! x V6#0,(!//.7#!#/!;(),.!#0'.)%()!,./!*G&-6/(!$%(7/(&(!,#)!.'3'(!1/.3*,'%/(>!! ƒ F)'.)%#! &6;/%076#/I! P6.! 2#! #! /#! *6-(&#! ,./! &6./(! ,.! /#! ;(-#! 9! .0! 3#)'.!#/!*G&-6/(!*%/($%(%,.(4!! ƒ F)'.)%#!3)(160,#!,.!/#!/.076#!(!#)'.)%#!)#0%0#!P6.!2#!#/!-6.)3(!,.!/#! /.076#4!! x X'3'(!)2%'1/.'%/(>!! ƒ H#*#!&63)#$%(%,.#!P6.!2#!#!/(&!*G&-6/(&!&63)#$%(%,.(&4!! ƒ H#*#&!,()&#/.&!,.!/#!/.076#!P6.!2#0!#!/#!;#&.!,.!/#!/.076#!9!.3%7/('%&4!! )U R.1/.*'!;')*'%C!! x Y#! $#-%#! ,./#0'.! 3.7#,#! #! /#! 1#)%07.! 9! .0')#! .0! /#! -./,#!! &6;*#0,%;6/#)4!! x X#&#! 3.7#,#! #! /#! 7/:0,6/#! &6;*#0,%;6/#)! 9! -(0'()0.#! ./! ;(),.! %01.)%()! *#0,%;6/#)! 3#�,(! 3()! ,./#0'.! ,./! *#&.'.)(! 9! -)6J#0,(! /#! -#)#! .0').!'(,#!/#!*6&-6/#'6)#!1#-%#/I!//.7#0,(!#!/#!:076/(!,./!(Q(!P6.!.&!/#!'.1/.*'! ',D&%'.4!! x 50!&6!')#9.-'(!,#!)#*#&>!! x #2%'1/.'%/(>!! ƒ F)'.)%#!3#/#'%0#&!#&-.0,.0'.I!P6.!0#-.!./!3#/#,#)!9!#!/#!#*<7,#/#!3()! &6!)#*#!#*%7,#/%0#4!! ƒ F)'.)%#!&6;*.0'(0%#0#I!P6.!2#!#!,./#0'.!3.7#,#!#!/#!-#)#!%0'.)0#!,.!/#! *#0,<;6/#! 9! P6.! &.! ,%)%7.! #/! *%/($%(%,.(! 9! 2%.0').! #0'.)%()! ,./! ,%7:&')%-(I! J(0#! ,./! *.0'80! ,(0,.! #0#&'(*(&#! -(0! )#*#&! ,.! /#! #)'.)%#!*.0'(0%#0#4!! ƒ F)'.)%#!/#;%#/!%01.)%()!P6.!2#!#!/#!*6&-6/#'6)#I!3%./!9!*6-(&#!,./!/#;%(! %01.)%()4!! ƒ F)'.)%#! /#;%#/! &63.)%()I! P6.! 2#! #! /#! *6&-6/#'6)#I! 3%./! 9! *6-(&#! ,./! /#;%(! &63.)%()4! p0! ,.'#//.! %0'.).�'.! .&! P6.! $#-%#! /#! /<0.#! *.,%#! &.! #0#&'(*(&#! -(0! /#! -(0')#! /#'.)#/4! @.! .&'#! 60%80I! &6)7.! /#! '.1/.*'! -/%! (&51'5*G&/! P6.! 2#! #/! &6;'#;%P6.! 0#&#/4! ]#*;%+0! #0#&'(*(&#! -(0! /#! #)'.)%#!')#0&2.)&#/!,.!/#!-#)#!9!-(0!/#!%01)#();%'#)%#4!! ! ;%*'$0&'*0#(F%#$0&"%&0#I(( 'U R.1/.*'!;'.*,D/'!'()/,-/,1/S!! x =6)7.!.0!/#!-#)#!3(&'.)%()!#!0%2./!,.!/#!#)'.)%#!/%076#/!9!,#!').&!)#*#&>!! ƒ L.0%07.#!3(&'.)%()I!P6.!.0').!-):0.(!3()!./!#76Q.)(!9676/#)4!! ƒ F)'.)%#! '%*3:0%-#! %01.)%()I! P6.! .0')#! #/! -):0.(! 3()! ./! -(0,6-'(! '%*3:0%-(!%76#/!P6.!./!0.)2%(!'%*3:0%-(4!!

ƒ !

!

H#*#&!'.)*%0#/.&!P6.!&(0!1#)%07.#&4!!

;A \))*<*1'%`!! x ]#*;%+0!&6)7.!,.!/#!-#)#!3(&'.)%()!#/!0%2./!,.!/#!#)'.)%#!1#-%#/4!! x Y#3()!#'):&!9!&.!&%'G#!3()!,.'):&!,./!2%.0').!3(&'.)%()!,%7:&')%-(4!! x O#9! &.! )./#-%(0#! -(0! ./! 0(2.0(I! ,+-%*(I! 60,+-%*(! 9! ,6(,+-%*(! 3#).&! -)#0.#/.&!9!,#!#!/#!J(0#!(--%3%'#/!,(0,.!,#!)#*#&!'.)*%0#/.&4!! x #2%'1/.'%/(>!! ƒ H#*#!3#)#!./!.C'.)0(-/.%,(*#&'(%,.(4!! ƒ H#*#!*.0%07.#4!! ƒ F)'.)%#! .&'%/(*#&'(%,.#! P6.! .0')#! 3()! ./! #76Q.)(! .&'%/(*#&'(%,.(! #-(*3#[#0,(!#/!3#)!YDD!! )U R.1/.*'!'&.*)&%'..!<2(1/.*2.S!! x =6)7.!3()!.0-%*#!,.!/#!(--%3%'#/!9!3#&#!3()!.0-%*#!,.!,./#0'.!,.!/#!#381%&%&! *#&'(%,.#&!,%)%7%+0,(&.!$#-%#!#))%;#!,(0,.!&.!,%2%,.!.0!-2(!.'3'(!1/.3*,'%/(>!! ƒ H#*#!#6)%-6/#)4!! ƒ H#*#! (--%3%'#/! P6.! 36.,#! #0#&'(*(&#)! -(0! )#*#&! ,.! /#! #)'.)%#! (--%3%'#/4!! x #2%'1/.'%/(>!! ƒ F)'.)%#! '%*3:0%-#! 3(&'.)%()I! P6.! .0')#! #/! %0'.)%()! -(0! ./! 0.)2%(! ,.! /#! -6.),#!,./!'<*3#0(4!! ƒ H#*#!3#)#!./!*G&-6/(!,./!.&')%;(4!! ƒ H#*#&!*#&'(%,.#&4!! ƒ B).-6.0'.*.0'.!'#*;%+0!,#!/#!#)'.)%#!.&'%/(*#&'(%,.#!P6.!2%*(&!P6.! '#*;%+0!.&!60#!)#*#!,./!(--%3%'#/4!! ! 4'.'#($0&.",'*0#(@0(*'('&$0&"'()'&A$"@'(0D$0&,'](( #A R.1/.*'!1/3<2.'%!(&!! x =.! &%'G#! 3()! ,./#0'.! ,.! /#! -(0,6-'#! #6,%'%2(! .C'.)0(! 9! ,.'):&! ,.! /#! #)'%-6/#-%80!'.*3()(*#0,%;6/#)!.0!./!.&3.&()!,.!/#!-./,#!3#)('<,.#4!! x X'3'(!)2%'1/.'%/(I!P6.!&(0!)#*#&!3#)('<,.#&>!! ƒ F)'.)%#! ')#0&2.)&#/! ,.! /#! -#)#I! P6.! &.! ,%)%7.! 3()! ,.;#Q(! 9! 3#)#/./#! #/! #)-(! -%7(*:'%-(! 9! P6.! &.! 2#! #! #0#&'(*(&#)! -(0! /#! #)'.)%#! /#;%#/! &63.)%()4!! ƒ H#*#!'.*3()#/!*.,%#I!,%)%7%,#!#/!*G&-6/(!'.*3()#/4!! ƒ F)'.)%#! -%7(*:'%-#! ();%'#)%#I! P6.! &.! ,%)%7<#! $#-%#! /#! 3#)'.! /#'.)#/! ,./! ).;(),.!();%'#)%(4!! ƒ H#*#&!#6)%-6/#).&!#0'.)%().&I!,%)%7%,#&!#!/#!3#)'.!#0'.)%()!,.!/#!().Q#4!! x "#&! .'3'(! 1/.3*,'%/(! ,.! /#! '.*3()#/! &63.)1%-%#/! .&! 60#! )#*#! 1)(0'#/! 9! (')#! 3#)%.'#/!,%&')%;6%,#&!3()!./!-6.)(!-#;.//6,(!,.!/#!J(0#4!! ! ;A R.1/.*'!3'0*%'.>!! x 5&! *69! &%06(! =.! &%'G#! 3()! ,.'):&! ,./! -80,%/(! ,.! /#! *#0,<;6/#! .0').! /(&! *G&-6/(&! 3'.)%7(%,.(&! .C'.)0(! .! %0'.)0(I! (! ;%.0! .0').! /(&! 1#&-<-6/(&! ,./!

3'.)%7(%,.(! .C'.)0(I! .0')#0,(! .0! /#! 1(&#! 3'.)%7(*#C%/#)! ,(0,.! ,#! /#! )#*#! '.)*%0#/!P6.!.&!/#!#)'.)%#!.&1.0(3#/#'%0#4!! x 50!&6!')#9.-'(!)2%'1/.'%>!! ƒ F)'.)%#!'%*3:0%-#!#0'.)%()I!P6.!#-(*3#[#):!#!/#!-6.),#!,./!'<*3#0(I! .0')#0,(!3()!/#!-%&6)#!3'.)%7('%*3:0%-#4!! ƒ F)'.)%#! *.0%07.#! *.,%#I! P6.! .0')#! .0! ./! -):0.(! 3()! ./! #76Q.)(! .&3%0(&(!(!).,(0,(!*.0()4!! ƒ F!2.-.&!'#*;%+0!/#!#)'.)%#!*.0%07.#!*.0()I!P6.!.0')#!3()!./!#76Q.)(! (2#/4!! ƒ F)'.)%#! #6)%-6/#)! 3)(160,#I! P6.! 2#! #/! -(0,6-'(! #,%'%2(! .C'.)0(I! #! /#! #)'%-6/#-%80!'.*3()(*#0,%;6/#)!9!#!/#!*.*;)#0#!'%*3:0%-#4!! ƒ F)'.)%#!*#&.'.)%0#I!-(0!60!')#9.-'(!&%*%/#)!#/!0.)2%(!*#&.'.)%0(!3#)#! //.7#)!#/!*#&.'.)(4!! ƒ F)'.)%#&! '.*3()#/.&! 3)(160,#&I! 60#! #0'.)%()! 9! (')#! 3(&'.)%()! -(0! 60! ')#9.-'(!&%*%/#)!#!/(&!0.)2%(&!'.*3()#/.&!3)(160,(&4!! ƒ F)'.)%#! ;6-#/I! -(0! 60! ')#9.-'(! &%*%/#)! #/! 0.)2%(! ;6-#/! $#-%#! ./! ;6--%0#,()!3#)#!%))%7#)!3%./!9!*6-(&#&!,.!/#&!*.Q%//#&4!! ƒ F)'.)%#! #/2.(/#)! (! ,.0'#)%#! %01.)%()`! #-(*3#[#! ./! 0.)2%(! ,.0'#)%(! %01.)%()! .0! &6! ')#9.-'(! 3()! ./! -(0,6-'(! ,.0'#)%(! 9! #/! %76#/! P6.! ./! 0.)2%(! ,.0'#)%(! ,.! /#! #)'.)%#! *%/($%(%,.#! P6.! 3#&#! 3()! ./! &6)-(! *%/($%(%,.(I! ,#! )#*#&I! 1()*#0,(! ./! F*0D%( @0,$'&"%( 9! &6! &'.'( $0&.",'*( 0#( *'( '&$0&"'( .0,$%,"','I! P6.! &#/.! 3()! ./! #76Q.)(! *.0'(0%#0(!,%&')%;69+0,(&.!3()!./!*.0'804!! ƒ H#*#&!3#)#!/(&!3'.)%7(%,.(&4!! ƒ F)'.)%#! #/2.(/#)! 3(&'.)%()! 9! &63.)%()! P6.! .0')#! 3()! /(&! ()%1%-%(&! ,.0'#)%(&!3(&'.)%().&!3#)#!%))%7#)!/(&!*(/#).&!9!./!&.0(!*#C%/#)4!! ƒ F)'.)%#! %01)#();%'#)%(I! P6.! .0')#! 3()! ./! -#0#/! %01)#! ();%'#)%(! #-(*3#[#0,(! ./! 0.)2%(! ,./! *%&*(! 0(*;).4! @#! -(*(! -(/#'.)#/! /#&! #)'.)%#&! #/2.(/#).&! #0'.)%().&! 9! &63.)%().&! P6.! 2#0! #! /#&! 3%.J#&! ,.0'#)%#&! #0'.)%().&4! "#&! )#*#&! '.)*%0#/.&I! &.! ,%&')%;69.0! 3()! ./! 3:)3#,(!%01.)%()!9!/#!*.Q%//#4!! ƒ F)'.)%#! 3#/#'%0#&! *#9()! (! ,.&-.0,.0'.I! .0')#! 3()! ./! -(0,6-'(! 3'.)%7(3#/#'%0(! 9! &.! ,%&')%;69.! 3()! /#! *6-(&#! ,./! 3#/#,#)! 8&.(4! @.! #P6
J0,'(P?B?*'&(",$0&,'](( x

H.-(7.!/#!*#9()!3#)'.!,.!/#!%))%7#-%80!,.!/#!-#;.J#!9!,./!-6.//(4!!

x

(

=.!1()*#!3()!/#!16&%80!,.!/(&!&.0(&!2.0(&(&!,.!/#!,6)#*#,).!&%.0,(!./!*:&! %*3()'#0'.!.0!./!#0,%()'G0&,%#%`!! ƒ W6.!&.!&%'G#!3#)#/./(!9!#!#*;(&!/#,(&!,.!/#!&%//#!'6)-#4!! ƒ @.&.*;(-#0!.0!./!/#!2.0#!(1':/*%-#!&63.)%()!P6.!&6)7.!.0!./!:076/(! %0'.)0(! ,./! (Q(I! ,(0,.! &6! )#*#! '.)*%0#/! &.! #0#&'(*(&#! -(0! /#! 2.0#! #076/#)!P6.!#!&6!2.J!.&!/#!'.)*%0#/!,.!/#!2.0#!1#-%#/4!!

6'(G0,'(%E$H*.")'(#?F0&"%&I!&%76.!&6!')#9.-'(!3()!/#!3#).,!%0'.)0#!,.!/#!8);%'#!3()!

.0-%*#! ,./! 0.)2%(! 83'%-(! 9! .0')#0,(! .0! ./! -):0.(! 3()! /#! $.0,%,6)#! .&1.0(%,#/! 9! ,.&.*;(-#0,(!.0!./!&.0(!-#2.)0(&(4!! x "#! 2.0#! (1':/*%-#! &63.)%()! ).-%;.! )#*#&>! /#&! =/,'(! /132*-'%/(M! =/,'! ,'(2;.2,1'%M! =/,'!%').*3'%M!=/,'(!=2.1*)2('!(&!!

J0,'#(E'&",B0'#a(( x

J0,'(*",B?'*I!P6.!&6)7.!,.!/#!60%80!.0').!/#&!2.0#&!3)(160,#&!,.!/#!/.076#I! /#! 2.0#! &6;/%076#/! 9! /#&! 2.0#&! ,()&#/.&! ,.! /#! /.076#4! ]%.0.! 60! ')#9.-'(! &.*.Q#0'.!#!/#!#)'.)%#!/%076#/4!! x J0,'(E')"'*I! -(0! 60! ')#9.-'(! &63.)3(0%;/.&! #! /#! #)'.)%#4! =6)7.! ,.! /#! :076/(! %0'.)0(!,./!(Q(I!,(0,.!#!')#2+&!,.!/#!2.0#!9676/#)!&.!#0#&'(*(&#!-(0!/#!)#*#! '.)*%0#/!,.!/#!2.0#!(1':/*%-#!&63.)%()!9!,.&36+&!//.2#):!60!')#9.-'(!'()'6(&(! 3()!/#!-#)#!$#&'#!/#!9676/#)!%0'.)0#4!H.-%;.!)#*#&>!! ƒ N/,'(!(&<.'1.2)%/'./("!! ƒ N/,'(!(&<.'2.5*1'.*'("!! ƒ N/,'(!<'%
ƒ ƒ ƒ

x x x !

N/,'!<'%'1*,'(!/01/.,'"!! N/,'!(&53/,12,*','"!! N/,'!;')*'%!<.2;&,-'I!P6.!-(*60%-#!/#!2.0#!1#-%#/!-(0!./!3/.C(!2.0(&(! 3'.)%7(%,.(4!! J0,'($"&%"@0'(#?F0&"%&I!P6.!).-%;.!#!/#!2.0#!/#)<07.!&63.)%()4!! J0,'(@0(@0*(0D$0&,%)*0"@%.'#$%"@0%](( J0,'#(F$0&"B%"@0'#(.0@"'#4!!

F! 2.-.&! &.! ,.&-)%;.! 60! 1.2,)2! 1*.2%*,D&2;')*'%! ,.! 1()*#! P6.! /#! 2.0#! 1#-%#/I! /%076#/! 9! '%)(%,.#!&63.)%()!&.!16&%(0#0!,.&.*;(-#0,(!.0!9676/#)!%0'.)0#4! ! S&%,)%($0.F%&%.',@"C?*'&(%(G0,'(&0$&%.',@"C?*'&`!&.!1()*#0!3()!/#!16&%80!,.!/#!2.0#! '.*3()#/!&63.)1%-%#/!9!/#!2.0#!*#C%/#)4!! x "#! G0,'( $0.F%&'*( #?F0&E")"'*! '%.0.! 60#! ,%&')%;6-%80! &%*%/#)! #! /#! #)'.)%#! '.*3()#/!&63.)1%-%#/!9!).-(7.!/#!).!,.!/#!J(0#!1)(0'#/!9!3#)%.'#/4!! x "#!G0,'(.'D"*'&!&6)7.!.0!/#!1(&#!-%7(*:'%-#!9!3)(-.,.!,.!60!3/.C(!2.0(&(! &%'6#,(!.0!/#!1(&#!-%7(*:'%-#!P6.!&.!,.0(*%0#!3/.C(!3'.)%7(%,.(4!! ! "#!2.0#!'.*3()#/!&63.)1%-%#/!9!/#!2.0#!*#C%/#)!&.!60.0!.0!/#!-./,#!3#)('<,.#I!,.&-%.0,.0!9! &.! 26./2.0! #! ,%2%,%)! .0! ,(&! ')(0-(&`! 60(! #0'.)%()! P6.! ,.&.*;(-#! #! /#! 2.0#! 1#-%#/! 9! 60(! 3(&'.)%()!,.&.*;(-#!1()*#0,(!3#)'.!,.!/#!2.0#!9676/#)!.C'.)0#4!! ! Y*0D%(F$0&"B%"@0%`!&.!&%'G#!.0!/#!1(&#!-%7(*:'%-#I!9!.0!+/!,).0#0!06*.)(&(&!2#&(&!2.0(&(&! 3)(160,(&! ,.! /#! -#)#I! -(*(! &(0! /#&! 2.0#&! *.0%07.#&! *.,%#&I! 2.0#! .&1.0(3#/#'%0#I! 2.0#! ,.0'#)%#!3(&'.)%()!9!&63.)%()!P6.!,).0#!'(,#!/#!).!2.0(&#!,.!,%.0'.&!&63.)%().&I!.0-<#!9! 3.)%(,(0'(I! 2.0#! ,.0'#)%#! %01.)%()! P6.! ).-(7.! /#! ).! ,.! ,%.0'.&I! .0-<#! 9! 3.)%(,(0'(! *#0,%;6/#).&I!2.0#&!3#/#'%0#&I!.'-4!! 5/! 3/.C(! &.! -(*60%-#! -(0! /#! 2.0#! 1#-%#/! #! ')#2+&! ,.! ,(&! 2#&(&! P6.! &(0! /#! 2.0#! 1#-%#/! 3)(160,#!9!/#!2.0#!).')(*#0,%;6/#)4!! !

J0,'(P?B?*'&(0D$0&,'](( x

=.!1()*#!3()!/#!16&%80!,.!/#!)#*#!3(&'.)%()!,.!/#!2.0#!).')(*#0,%;6/#)I!3()! /#! 2.0#! #6)%-6/#)! 3(&'.)%()! 9! 3()! /#! 2.0#! (--%3%'#/4! 5&'#&! ,(&! G/'%*#&! -(0! ')#9.-'(!&%*%/#)!#!/#&!#)'.)%#&!,./!*%&*(!0(*;).4!! x "#!2.0#!9676/#)!.C'.)0#!'%.0.!60!')#9.-'(!,.&-.0,.0'.I!3#�,(!3()!/#!-./,#! 3#)('<,.#! #-(*3#[#0,(! #! /#! #)'.)%#! -#)8'%,#! .C'.)0#4! @.&36+&! &.! )./#-%(0#! -(0!./!.C'.)0(-/.%,(*#&'(%,.(!9!,.&.*;(-#!.0!/#!2.0#!&6;-/#2%#4!! x "#!2.0#!9676/#)!.C'.)0#!.!%0'.)0#!&.!-(*60%-#0!3()!/#!2.0#!).')(*#0,%;6/#)4!! !

J0,'(P?B?*'&(',$0&"%&]((

x

=6)7.!,.!/#!16&%80!,.!3.P6.[(&!2#&(&!.0!/#!J(0#!&63)#$%(%,.#I!,.&-%.0,.!#! #*;(&!/#,(&!,.!/#!/<0.#!*.,%#!3#)#!,.&.*;(-#)!.0!/#!2.0#!9676/#)!.C'.)0#!(! .0!/#!2.0#!&6;-/#2%#4!! x 5&'.!&%&'.*#!2.0(&(!&.!-(*60%-#!-(0!/#!2.0#!9676/#)!.C'.)0#!.!%0'.)0#4! ! /-=/6953(69=><S9;53(( /',B*"%#(#?F0&E")"'*0#](( M]R/&?F%(B',B*"%,'&(F0&")0&G")'*I(( x P',D%*2(! 2))*<*1'%/(`! &.! &%'G#0! .0! ./! ')#9.-'(! ,.! /#! #)'.)%#! 9! 2.0#! (--%3%'#/I! 9! ,).0#0!/#!/%01#!,./!-6.)(!-#;.//6,(!,.!/#!J(0#!(--%3%'#/4!! x P',D%*2(!./1.2'&.*)&%'./(!2!3'(12*-/2(`!&.!&%'G#0!.0!/#!).7%80!*#&'(%,.#!9!).-(7.0! /#!/%01#!,.!/#!J(0#!*#&'(%,.#I!3#)'.!3(&'.)%()!,.!/#!().Q#!9!-(0,6-'(!#6,%'%2(! .C'.)0(4!! x P',D%*2(! <'.21+-/2(`! &.! &%'G#0! .0! /#! ).7%80! 3#)('<,.#I! #/760(&! 3()! 16.)#! ,.! /#! #3(0.6)(&%&! ,.! /#! 3#)8'%,#! 9! (')(&! .0! ./! .&3.&()! ,.! /#! 7/:0,6/#4! H.-(7.0! /#! /%01#!,./!-6.)(!-#;.//6,(!,.!,./#0'.!,./!3#;.//80!,.!/#!().Q#I!3:)3#,(&I!J(0#! /#7)%*#/I!!)#<J!0#&#/I!7/:0,6/#!3#)8'%,#!9!(<,(!*.,%(4!! x P',D%*2(! 5&)'%/(`! &.! .0-6.0')#0! .0! )./#-%80! -(0! ./! *G&-6/(! ;6--%0#,()! 9! ).-(7.)!/#!/%01#!,.!/#!*.Q%//#4!! x P',D%*2(! (&53',-*5&%'./(`! &.! &%'G#0! .0').! /#! *#0,<;6/#! 9! /#! 7/:0,6/#! &6;*#0,%;6/#)4!H.-%;.!/%01#!,./!&6./(!,.!/#!;(-#I!3#)'.!#0'.)%()!,.!/#&!.0-<#&! *#0,%;6/#).&I! ,%.0'.&! *#0,%;6/#).&I! 3#)'.! 3(&'.)%()! ,.! .0-<#! ,.! %0-%&%2(&! *#0,%;6/#).&I! -6.)3(! ,.! /#! /.076#! 9! 3()-%80! *.,%#/! ,.! 3:)3#,(&I! 0#)%JI! *.Q%//#&!9!/#;%(&4!! x P',D%*2(!(&53/,12,*',2`!&.!&%'G#!,.;#Q(!,./!*.0'80!9!).-(7.!/#!/%01#!,.!/#!3%./! ,./!*.0'80I!/#;%(!%01.)%()I!&6./(!,.!/#!;(-#!9!.0-<#&4!! x P',D%*2(!3',-*5&%'./(`!&.!&%'G#0!#!/(!/#)7(!,.!/#!)#*#!*#0,%;6/#)4!! ! ]#0'(!/(&!/(-#/.&!-(*(!/(&!*#0,%;6/#).&!,.&.*;(-#0!.0!/(&!7#07/%(&!&6;*#0,%;6/#).&4!! ](,(&!/(&!,.*:&I!,).0#0!.0!/(&!7#07/%(&!-.)2%-#/.&!3)(160,(&4!! ! Q]R/&?F%(P?B?*'&(',$0&"%&(E-.)2%-#/.&!&63.)%().&!#0'.)%().&A!! x h)63(!P6.!&.!,%&')%;69.0!&%76%.0,(!./!')#9.-'(!,.!/#!2.0#!9676/#)!#0'.)%()4!! x @).0#0I!.0!7#07/%(&!-.)2%-#/.&!3)(160,(&`!.0!./!7)63(!,.!7#07/%(&!,.!/#!2.0#! 9676/#)!%0'.)0#!9!,.!/#!2.0#!-.)2%-#/!')#0&2.)&#/!! ! U]R/&?F%(@0(*'()'@0,'(P?B?*'&(0D$0&,'(E7)63(!,.!7#07/%(&!&63.)1%-%#/.&!9!/#'.)#/.&A!! x =.!,%&')%;69.0!&%76%.0,(!/#!2.0#!9676/#)!.C'.)0#4!! x F!')#2+&!,.!.//(&I!/(&!7#07/%(&!3#)('<,.(&!36.,.0!,.&.*;(-#)!.0!/(&!7#07/%(&! -.)2%-#/.&!3)(160,(&4!! ! /',B*"%#(F&%E?,@%#](( M]R/&?F%(@0(B',B*"%#()0&G")'*0#(F&%E?,@%#(*'$0&'*0#I(( x P',D%*2(!-/!%'!=/,'!I&D&%'.!*,1/.,'`!.&!./!*:&!%*3()'#0'.4!=(0!60!-(0Q60'(!P6.! &.!,%&')%;69.0!&%76%.0,(!./!')#9.-'(!,.!/#!2.0#!9676/#)!%0'.)0#4!=.!,%2%,.0!.0! ').&! 7)63(&`! 7)63(! &63.)%()! (! &6;,%7#&')%-(I! 7)63(! *.,%(! (!

&63)#$(*($%(%,.(! 9! 7)63(! %01.)%()! -.)-#! ,.! /#! &6;-/#2%#4! @.0')(! ,.! /(&! 7)63(&!,.&'#-#0!,(&!7#07/%(&`!! ƒ h#07/%(!9676/(,%7#&')%-(`!P6.!&.!&%'G#!.0').!/#!2.0#!9676/#)!%0'.)0#!9! ./! 2%.0').! 3(&'.)%()! ,./! ,%7:&')%-(4! @).0#0! /#! /%01#! ,.! /#! ;#&.! ,.! /#! /.076#!9!#*<7,#/#!3#/#'%0#4!! ƒ h#07/%(! 96C'#$(*($%(%,.(`! .0! )./#-%80! -(0! ./! '.0,80! ,./! $(*($%(%,.(4! H.-(7.! /#! /%01#! ,.! /#! /.076#! .0! /#! J(0#! ,./! 1).0%//(! /%076#/4!! 5&'#&!-#,.0#&!).-(7.0!/#!/%01#!,.!/#!-#;.J#!9!-6.//(4!! x P',D%*2(! -/! %'! )'-/,'! -/%! ,/.=*2! /(<*,'%`! &%76.! 60! ')#9.-'(! &.*.Q#0'.! #/! 0.)2%(! .&3%0#/!9!#P6
6'#(B*H,@?*'#(#'*"G'&0#(.'P%&0#(#%,I((

x P%F,-&%'!<'.71*-'`!3)(,6-.!./!Mbq!,.!/#!&#/%2#I!P6.!&.!-#)#-'.)%J#!3()!&.)!)%-#! .0!.0J%*#&!&(;).!'(,(!#*%/#!! x P%F,-&%'! (&5%*,D&'%`! P6.! '%.0.! 60#! &#/%2#! )%-#! .0! *(-(4! o! ).&3(0&#;/.! ,.! /#! 3)(,6--%80!,./!ckmfbq!,.!/#!&#/%2#4!!

!

x P%F,-&%'! (&53'0*%'.`! P6.! '%.0.! 60#! &.-).-%80! *%C'#! 9! 3)(,6-.! #3)(C%*#,#*.0'.!./!Mq4!! x X)(,6-.0!/#!&#/%2#!&8/(!-6#0,(!&(0!.&'%*6/#,#&!3()!#/%*.0'(I!(/()I!.'-4!9!/#! 3)(,6--%80!&.!.0-6.0')#!-(0')(/#,#!3()!./!&%&'.*#!0.)2%(&(!3#)#&%*3:'%-(4!!

! /*H,@?*'(F'&A$"@'](( x 5&!/#!7/:0,6/#!*:&!7)#0,.!,.!/#&!').&4!V(0!60!3.&(!#3)(C%*#,(!,.!Mb!74!! x =.! &%'G#! .0').! /#! *#0,<;6/#! 9! /#! *#&'(%,.&I! ,.'):&! ,.! /#! )#*#! *#0,%;6/#)! 9! ,./#0'.!,./!.C'.)0(-/.%,(*#&'(%,.(4!! x =6! 1()*#! .&! #3)(C%*#,#*.0'.! ')%#076/#)! ,.! *#0.)#! P6.! '%.0.! ').&! :076/(&! P6.!&(0`!#381%&%&!*#&'(%,.&I!:076/(!,.!/#!*#0,<;6/#!9!360'(!*.,%(!,./!#)-(! -%7(*:'%-(4! "#! ;#&.! -(%0-%,.! -(0! ./! #)-(! 9! ./! 2+)'%-.! -(0! ./! :076/(! ,.! /#! *#0,<;6/#4!! x =.!.0-6.0')#!.026./'#!.0!'.Q%,(!-(0Q60'%2(!P6.!1()*#!/#!-./,#!3#)('<,.#4!! 40*')"%,0#>!! x 9Y2.-/!',1/.*2.I!-(0!./!*#&.'.)(4!! x 9#'.'!/01/.,'I!).-6;%.)'#!3()!3%./!9!#3(0.6)(&%&!3#)('<,.#4!! x 9#'.'! ',1/.23/-*'%! &.! )./#-%(0#! -(0! ./! ;(),.! 3(&'.)%()! ,.! /#! )#*#! ,.! /#! *#0,<;6/#I!*G&-6/(!3'.)%7(%,.(!*.,%#/!9!#3(0.6)(&%&!%0'.)3'.)%7(%,.#4!! x 9#'.'!<2(1/.23/-*'%!&.!)./#-%(0#!-(0!/(&!*G&-6/(&!.&'%/(7(/(&(I!.&'%/(1#)%07.(I! .&'%/($%(%,.(4!! x 9Y2.-/!<2(1/.*2.I!-(0!./!*G&-6/(!.C'.)0(-/.%,(*#&'(%,.(4!! ! @.0')(!,.!/#!-./,#!3#)('<,.#!&.!)./#-%(0#>!! x 9X'3'(! 1/.3*,'%/(! -/! %'! '.1/.*'! )'.71*-'! /01/.,'! E#)'.)%#! '.*3()#/! &63.)1%-%#/! 9! #)'.)%#!*#C%/#)4A4!! x 9].2,)2!1$3<2.23'0*%'.4!! ! x "#!7/:0,6/#!&.!.0-6.0')#!#')#2.&#,#!3()!./!0.)2%(!1#-%#/!P6.!&.!,%2%,.!.0!&6! .&3.&()! .0! &6&! )#*#&! '.)*%0#/.&4! F/! 3#&#)! 3()! #P6
x ]%.0.! 60#! 3)(/(07#-%80! #0'.)%()! P6.! &.! ,.0(*%0#! <.2%2,D')*7,! (&5%*,D&'%! P6.! &.! %0')(,6-.! .0').! ./! *%/($%(%,.(! 9! ./! $%(7/(&(! 9! #! ')#2+&! ,.! /#! -6#/! &.! -(*60%-#!-(0!/#!7/:0,6/#!&6;/%076#/4!! x W6.,#!&.3#)#,#!,.!/#!3#)8'%,#!3()!/#!#3(0.6)(&%&!;6--%0#'(m1#)%07.#4!! 40*')"%,0#>!! x 9#'.'! <.2;&,-'I! -6;).! #! /(&! *G&-6/(&! *%/($%(%,.(I! ,%7:&')%-(I! .&'%/($%(%,.(I! $%(7/(&(!9!#/!$%(%,.&4!50!&6!J(0#!*:&!3(&'.)%()!,.!.&'#!-#)#!&.!#3(9#!.0!./! -(0&')%-'()! &63.)%()! ,.! /#! 1#)%07.! 9! &.! )./#-%(0#! -(0! ./! 0.)2%(! $%3(7/(&(! *#9()!9!2.0#!/%076#/4!! x 9#'.'!3/-*'%II!#)'.)%#!9!2.0#!1#-%#/4!! x 9#'.'!3',-*5&%'.I!-(0!/#!-#)#!%0'.)0#!,./!-6.)3(!,.!/#!*#0,<;6/#I!9#!P6.!.&':! #3(9#,#!.0!/#!1(&#!&6;*#0,%;6/#)4!FP6!! x 9#'.'!3/-*'%I!-(0!*G&-6/(!7.0%(7/(&(I!-(0,6-'(!s$#)'(0!9!0.)2%(!/%076#/4!!

x x x x !

9#'.'!*,;/.*2.I!-(0!*G&-6/(!*%/($%(%,.(!9!7.0%(7/(&(4!! 9#'.'!%'1/.'%I!-(0!-#)#!%0'.)0#!,.!/#!*#0,<;6/#4!! 9#'.'!(&
x "#!%))%'#-%80!.&!3()!)#*#&!,.!/#!#)'.)%#!/%076#/!9!1#-%#/4!! x Y.0#!&6;/%076#/!P6.!.&!60#!)#*#!,.!/#!/%076#/4!! x o!/#!%0.)2#-%80!%76#/!P6.!/#!7/:0,6/#!&6;*#C%/#)4!

(

>-49=/2(

x V(0,6-'(! *6&-6/(*.*;)#0(&(! P6.! 2#! ,.&,.! /#! ;#&.! ,./! 7)):0.(! $#&'#! /#! &.C'#!2+)'.;)#!-.)2%-#/4! x =.!&%'G#!,.'):&!,.!/#&!1(&#&!0#&#/.&I!-#2%,#,!()#/I!/#)%07.4! x V(*60%-#!-(0!/#&!1(&#&!0#&#/.&!3()!/#&!-(#0#&4! x V(*60%-#!-(0!/#!-#2%,#,!()#/!3()!./!%&'*(!,.!/#&!1#6-.&4! x V(*60%-#!-(0!/#!/#)%07.!3()!./!()%1%-%(!,.!.0')#,#!#!/#!/#)%07.4!

! mX()!&6!C%&@0(F%#$0&"%&a((( x 5&':!&6Q.'#!#!/#!;#&.!,./!-):0.(4! x =.!60.!-(0!./!'6;.)-6/(!,.!/#!/#)%07.4! x =.!60.!#!/#!.&3%0#!.&1.0(%,#/!9!-(0!/#!#381%&%&!3'.)%7(%,.&4! ! mX()!&6!C%&@0(",E0&"%&(&.!-(0'%0G#!-(0!./!.&81#7(4! ! m6'$0&'*.0,$0(#0(?,0>! x F/!/%7#*.0'(!3'.)%7(*#0,%;6/#)4! x F!/#!-#)#!/#'.)#/!,.!/#!;#&.!,.!/#!/.076#4! x F/!$#&'#!*#9()!,./!$%(%,.&4! x F/!/%7#*.0'(!'%)($%(%,.(4! x F/!;(),.!3(&'.)%()!,./!-#)'! M]Y&".0&'(F'&$0`!3()!.0-%*#!,./!;(),.!%01.)%()!,.!/#!*#0,<;6/#!9!.&!/#!3()-%80!-.1:/%-#4!=.! )./#-%(0#!-(0>!! x F)'.)%#!-#)8'%,#!%0'.)0#4!! x Y.0#!9676/#)!%0'.)0#4!! x F381%&%&!.&'%/(%,.&4!! x DaI!aI!aDI!aDD!3#).&!-)#0.#/.&4!! x V#,.0#!7#07/%(0#)!&%*3:'%-#4!! x LG&-6/(!P6.!()%7%0#!.0!.0!/#!#381%&%&!.&'%/(%,.&4!! ! Q]30B?,@'( F'&$0`! 3()! ,.;#Q(! ,./! ;(),.! %01.)%()! ,.! /#! *#0,<;6/#4! =.! ,.0(*%0#! 3()-%80! -.)2%-#/4!=.!)./#-%(0#!-(0>!3#P6.'.!2#&-6/(0.)2%(&(!,./!-6.//(4!!

!

3?F0&E")"0(",$0&,'>!&.!,%2%,.!.0!').&!3#)'.&>!!

M]R='#%E'&",B0(i0F"E'&",B0(%(&",%E'&",B0j](( V(*60%-#0>!! 9R,1/.*2.3/,1/!-(0!/#&!1(&#&!0#&#/.&!3()!/#&!-(#0#&4!! ! 9B2(1/.*2.3/,1/!-(0!#'/#&!9!/%7#*.0'(!(--%3%'(#'/(%,.(4!! ! m5/! 1/)H2! -()).&3(0,.! #/! -6.)3(! ,./! .&1.0(%,.&! 9! 3()-%80! ;#&%/#)! (--%3%'#/4! FP6!! x =#/3%07(1#)%07.(4! x =#/3%07(3#/#'%0(4!! E=.!-()).&3(0,.0!#!/(&!)./%.2.&!,.!/(&!*G&-6/(&!,./!*%&*(!0(*;).4!A! ! 9Q+3*1/!*,;/.*2.>!-()).&3(0,.!#/!2./(!,./!3#/#,#)!9!()%1%-%(!,.!-(*60%-#-%80!-(0!/#!()(1#)%07.4!! ! Q]R5&%E'&",B0(i(C?)%E'&",B0(%(.0#%E'&",B0j](( x =.!-(*60%-#!3()!/#!<'.1/!',1/.*2.!-(0!/#!-#2%,#,!()#/!3()!./!%&'*(!,.!/#&!1#6-.&4! =.!)./#-%(0#!-(0!/#!;#&.!,.!/#!/.076#I!,(0,.!.&':!/#!#*<7,#/#!/%076#/4!! x 50! /#! <'./-! <2(1/.*2.! -()).&3(0,.! /#! &.760,#! 9! *%'#,! ,.! /#! '.)-.)#! 2+)'.;)#! -.)2%-#/4!! x 50!/#!<'./-!%'1/.'%!.&':!/#&!-(0&')%--%(0.&!).-6;%.)'#&!3()!*6-(!! x 50!./!(&/%2!&.!.0-6.0')#!./!()%1%-%(!P6.!-(*60%-#!-(0!/#!/#)%07(1#)%07.4! ! U]R6'&",B%E'&",B0(iT"F%E'&",B0j](( x @.&,.!./!52.-/!(&
!

x B%;)#&! #0'.)%().&! ,./! '.*3()#/! *:&! ./! *#&.'.)(! *:&! 3'.)%7(%,.(! %0'.)0(! 3)(,6-.!.0!/#!./.2#-%80!,.!/#!*#0,<;6/#4!! "#! *#&'%-#-%80! .&! ./! 3)%*.)! *(2%*%.0'(! ).&6/'#0'.! ,.! /#! -((),%0#-%80! ,.! .&'(&! *(2%*%.0'(&!*#0,%;6/#).&4!! 5&! ,.! 1()*#! -<-/%-#! 9! -#,#! -%-/(! 2#)<#! &6! '%.*3(! ,.3.0,%.0,(! ,.! /#! (-/6&%80! ,.! /#! 3.)&(0#!9!,./!'%3(!,.!#/%*.0'(`!&%!.&!*:&!,6)(!,6)#):!*:&!/#!*#&'%-#-%804!h.0.)#/*.0'.!bIcm?! &t-%-/(4!! 50').!,(&!-%-/(&!$#9!60!3.)%(,(!,.!&%/.0-%(!P6.!,6)#!*.0(&!,.!60!&.760,(4!! ! >'#0#>!! M4m@.!*(),%,#4!5&!60!,.&-.0&(!.0!./!P6.!&.!3)(,6-.!/#!%0')(,6--%80!,.!/#!-(*%,#!.0').!/(&! %0-%&%2(&4!! ( Q4m5/.2#-%804!=.!$#!3)(,6-%,(!./!-()'.!,./!#/%*.0'(4!"(!3)(,6-.0!3)%0-%3#/*.0'.!./!*#&.'.)(! 9!./!3'.)%7(%,.(!%0'.)0(4!! x 50!/#!-#2%,#,!()#/I!./!#/%*.0'(!.&!,.&3/#J#,(!$#-%#!3).*(/#).&!9!*(/#).&4!! x =.!3)(,6-.0!*(2%*%.0'(&!#/'.)0#'%2(&!,.!,.&3/#J#*%.0'(I!.0!./!P6.!#/%*.0'(! 2#!#!60!/#,(!,.!/#!;(-#I!P6.!.&!./!/#,(!,.!')#;#Q(I!,(0,.!.&!')%'6)#,(4!! ! M4m"#!')%'6)#-%80!&.!3)(,6-.!7)#-%#&!#!/(&!*#-.'.)(&!9!#!/(&!'.*3()#/.&4!! x "#!-(*%,#!')%'6)#,#&!&.!,.&3/#J#!$#-%#!#16.)#I!26./2.!$#-%#!,.0')(!7)#-%#&!#/! ;6--%0#,()4!! x 5/!-%-/(!'.)*%0#!-6#0,(!/#!&63.)1%-%.!(-/6&#/!.0')#!.0!-(0'#-'(!.0!./!/#,(!,.! ')#;#Q(4!! ! 12/6L;9:=](( M4mY(/60'#)%#`!&.!//.2#!#/%*.0'(!$#-%#!./!%&'*(!,.!/#&!1#6-.&!3()!/#!/.076#!9!/(&!*G&-6/(&!,./! &6./(!,.!/#!;(-#4!! ! Q4m5/!#/%*.0'(!3#&#!./!%&'*(!.0')#0,(!.0!/#!1#&.!1#)%07.#I!P6.!.&!%02(/60'#)%#4!! x FP6
(

x 5/! 3#&(! ,./! ;(/(! #! ')#2+&! ,.! /#! 1#)%07.! '#*;%+0! .&! #96,#,(! 3()! /#&! -(0')#--%(0.&!,.!/(&!*G&-6/(&!-(0&')%-'().&4!! x F/!3)(,6-%)&.!/#!,.7/6-%80!9!-(0')#.)&.!/(&!./.2#,().&!9!./!'.0&()!,./!2./(!,./! 3#/#,#)I!'#*;%+0!&.!-(0')%;69.!#!#;)%)!/#!')(*3#!,.!56&'#P6%(!-(0!/(!-6#/!&.! #%).#!/#!-#2%,#,!'%*3:0%-#4!!

( ( ( ( ( ( ( ( ( -,'$%.+'(10,$'*( ( l;?H*0#(#%,(*'#(@"E0&0,$0#(F'&$0#(@0*(@"0,$0m!!

x ;%&%,'u!5&!/#!3#)'.!0()*#/*.0'.!2%&%;/.!,./!,%.0'.!#/!#;)%)!/#!;(-#4!"#!1()*#!,.!/#!-()(0#! ,.'.)*%0#!/#!160-%80!,./!,%.0'.4!X()!.Q.*3/(I!/(&!,%.0'.&!#0'.)%().&!&(0!#1%/#,(&!9!&6&!;(),.&!'%.0.0!1()*#!,.! -%0-./!3#)#!-()'#)I!*%.0')#&!P6.!/(&!*(/#).&!'%.0.0!&63.)1%-%.&!3/#0#&!3#)#!*(/.)4!! 8%&@0(@0(*'(0,)+'u!5&!/#!/<0.#!,.!60%80!.0').!/(&!,%.0'.&!9!/#&!.0-<#&4!=%0!60!-.3%//#,(!-()).-'(!9!&%0! ./!6&(!#,.-6#,(!,.!$%/(!,.0'#/I!./!&#))(!9!/#!3/#-#!&.!#-6*6/#0!.0!.&'#!/<0.#!9!(-#&%(0#0!7%07%2%'%&!6!(')#&! .01.)*.,#,.&!,.!/#&!.0-<#&4!! 4'+cu!5&!/#!3#)'.!,./!,%.0'.!P6.!&.!%0&.)'#!.0!./!$6.&(4!"#!)#<J!-(0&'%'69.!/#&!,(&!'.)-.)#&!3#)'.&!,./! ,%.0'.!9!/(!&(&'%.0.!#/!*%&*(!.0!&6!/67#)4!! 2#.'*$0u!5&!/#!-#3#!.C'.)0#!,./!,%.0'.4!5/!.&*#/'.!.&!./!'.Q%,(!*:&!,6)(!9!*%0.)#/%J#,(!,./!-6.)3(`! &%0!.*;#)7(I!36.,.!,.'.)%()#)&.!&%!/(&!,%.0'.&!0(!).-%;.0!/(&!-6%,#,(&!0.-.&#)%(&4!! x 10,$",'u!5&!/#!-#3#!,./!,%.0'.!P6.!.&':!,.;#Q(!,./!.&*#/'.4!=%!/#!-#)%.&!/(7)#!#')#2.&#)!./!.&*#/'.I! //.7#!#!/#!,.0'%0#I!9!#//! 9,)"#"G%#u!"(&!,%.0'.&!#0'.)%().&!-(0!;(),.&!#1%/#,(&!.0!1()*#!,.!-%0-./!E-6#')(!&63.)%().&!9!-6#')(! %01.)%().&AI!&(0!6'%/%J#,(&!3#)#!-()'#)!/(&!#/%*.0'(&4!! ;',",%#u!@%.0'.&!-(0!1()*#!360'%#76,#!E,.!-G&3%,.A!P6.!&.!6'%/%J#0!3#)#!,.&7#))#)!/(&!#/%*.0'(&4! ]#*;%+0!&.!/.&!,.0(*%0#!-(/*%//(&4!! Y&0.%*'&0#u!5&'(&!,%.0'.&!'%.0.0!,(&!-G&3%,.&!360'%#76,#&!.0!&6!&63.)1%-%.!,.!*#&'%-#-%804!F!2.-.&! &(0!,.0(*%0#,(&!;%-G&3%,.&4!"#!160-%80!,.!/(&!3).*(/#).&!.&!#3/#&'#)!9!,.&7#))#)4!! 7%*'&0#u!p'%/%J#,(&!3#)#!*(/.)I!.&'(&!,%.0'.&!'%.0.0!2#)%#&!-G&3%,.&!.0!&6!&63.)1%-%.!,.!*#&'%-#-%804!

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

! ! ! ! ! ! ! ! ! ! !

( -4S9;L6-;95=(-6J256512=S-6( ! F/760#! 2.J! &.! //.7(! #! 3.0&#)! P6.! /#! %0-/6&%80! ,.! /#! )#<J! .0! ./! #/2.(/(! .)#! -(*(! 60! $.-$(! *.-:0%-(I!.&!,.-%)I!,.&,.!./!360'(!,.!2%&'#!1<&%-(I!'#/!-(*(!/(!$#-.!60!-/#2(!.0!60#!'#;/#4!F&
2=;9-(

! =.!-(0(-.!-(*(!.0-<#!#!/#!1%;)(*6-(&#!(!'.Q%,(!7%07%2#/!P6.!-6;).!./!3)(-.&(!#/2.(/#)!,.!/(&! #)-(&! ,.0'#)%(&4! 5&! ,.! -(/()! )(&#! 3:/%,(! .0! &6! .&'#,(! 0()*#/4! F! 3.&#)! ,.! &.)! 60! '.Q%,(! ;/#0,(I! .&! ,.! 60#! ).&%&'.0-%#! .C')#(),%0#)%#4! 5&':! -6;%.)'(! 3()! '.Q%,(! .3%'./%#/! ,.! '%3(! 3#2%*.0'(&(! .&')#'%1%-#,(4! X()! ,.;#Q(! ,.! .&'#! -6;%.)'#I! &.! $#//#! ./! -()%(0I! -(0&'%'6%,(! 3()! '.Q%,(!-(0Q60'%2(m1%;)(&(!9!2#&-6/#)I!./!-6#/!1()*#!./!-6.)3(!,.!/#!.0-<#!9!/#!06').!)%-#*.0'.4! 5/! -()%(0! .&! 60! '.Q%,(! ,.! -+/6/#&! ).'%-6/(.0,('./%#/.&I! -6;%.)'(! 3()! .3%'./%(! .&')#'%1%-#,(I! P6.)#'%0%J#,(!(!0(4!"#!.0-<#!.&!)%-#*.0'.!2#&-6/#)%J#,#`!-(0'%.0.!./.*.0'(&!1%76)#,(&!,.!/#! ).! P6.! &.! .C')#2#�I! ! P6.! #-'G#0! .0+)7%-#*.0'.! 3#)#! ).-(0&')6%)! -6#/P6%.)! /.&%80! (! ).3./.)!-6#/P6%.)!%01.--%804! "#! 3.)*.#;%%%,#,! ,.! .&'(&! '.Q%,(&I! 1#2().-%,#! 3()! /#! P6%*%('#C%#! 3(&%'%2#! ,.! /#! &#/%2#I! $#-.! 3(&%;/.! /#! ,%#3.,.&%&`! /(&! 1#7(-%'(&! &.! *(2%/%J#0! 9! #-'G#0! -(0! 60#! )#J(0#;/.! ,%/%7.0-%#I! $#-%.0,(!,.!/#!.0-<#!60!./.*.0'(!*69!;%.0!,('#,(!;%(/87%-#*.0'.4!! 5/! ;(),.! 7%07%2#/! 9! /#&! 3#3%/#&! ,.! /#! .0-<#! .0! 60! %0,%2%,6(! �(! 9! 0()*#/! &(0! ,.! -(/()! 60%1()*.I! )(&#,(! 3:/%,(I! 0(! ;)%//#0'.I! ,.! 16.)'.! -(0&%&'.0-%#! 9! -(0! 60! 3(,.)! .1.-'%2(! ,.! ).-63.)#-%804!=%!/#!.0-<#!3).&.0'#!#/7G0!1.08*.0(!,.!#/'.)#-%80I!&%!.C%&'.0!.0!.//#!#&3.-'(&!

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b4k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`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

( ( ( ( ( ( ( ( ( -6J2565(Z(;423S-(-6J256-4(

! V(0!./!0(*;).!7.0+)%-(!,.!#/2+(/(!&.!,.0(*%0#!#!/#!-#2%,#,!/(-#/%J#,#!,.0')(!,.!/#!-).&'#! #/2.(/#)!,.!/(&!$6.&(&!*#C%/#).&!9!*#0,<;6/#!9!&%)2.I!3#)#!#/(Q#)!#!/#!)#<J!,.0'#)%#4! "#! -).&'#! #/2.(/#)! &.! -(*3(0.! ,.! ,(&! /:*%0#&!8&.#&!*69!-(*3#-'#&I!60#!.C'.)0#! 9! (')#! %0'.)0#! P6.! 76#),#0! .0! &6! %0'.)%()! '.Q%,(! ')#;.-6/#)`! .&3(0Q(&(4! 5/! -(0Q60'(! ,.! -).&'#! #/2.(/#)! 9! ,%.0'.&! &.! ,.&#))(//#0! #/! *%&*(! '%.*3(! -).-%.0,(! 9! -(0&'%'69+0,(&.I! 3()! -69#! )#J80! /#! -#2%,#,! #/2.(/#)! '%.0.! /#! *%&*#! -(01%76)#-%80! ,.! /#! )#<J! ,./! ,%.0'.! P6.! /#! (-63#4! V6#0,(!/#!)#<J!.&!*G/'%3/.I!/(&!#?2+(/(&!&.! .0-6.0')#0! &.3#)#,(&! 3()! -).&'#&! ,.! $6.&(! .&3(0Q(&(! P6.! '(*#0! ./! 0(*;).! 7.0+)%-(!,.!'#;%P6.!%0'.))#,%-6/#)!P6.!&(0! ,%1.).0'.&!,.!/(&!'#;%P6.&!%0'.)#/2.(/#).&!(!

%0'.),.0'#)%(&!P6+!/(!$#-.0!.0').!60(!9!(')(!,%.0'.4! "#! -#2%,#,! #/2.(/#)! .&':! ,./%*%'#,#! 3()! /#&! 3#).,.&`! (! &63.)1%-%.&! 1()*#,#&! 3()! /#&! /:*%0#&! 8&.#&! .C'.)0#! .! %0'.)0#! 9! /(&! '#;%P6.&! %0'.)#/2.(/#).&! .! %0'.))#,%-6/#).&! .0').! 60#! 9! (')#! -#2%,#,4! F! .&'#! &63.)1%-%.! %0'.)0#! ,./! #/2+(/(! &.! /.! -(0&%,.)#! -6;%.)'#! 3()! /#! *.*;)#0#! 3#)(,(0'#/I!P6.!.&!./!*.,%(!1%Q#,()!#/2.(/(,.0'#/4! !

9=324;95=(5(>9n-;95=(-6J256512=S-6(

! 50! /#! #)'%-6/#-%80! #/2.(/(,.0'#/! (! #)'%-6/#-%80! ,.0'#)%#! &.! ,.&-)%;%):I! ./! /%7#*.0'(! P6.! 60.! ,(&!&63.)1%-%.&!,6)#&`!/#!-#)#!%0'.)0#!,./!#/2.(/(!9!/#!&63.)1%-%.!,./!-.*.0'(!P6.!-()).&3(0,.! #/!,%.0'.4! 5&'.!.&3#-%(!-(*3).0,%,(!.0').!/#&!&63.)1%-%.&!-.*.0'(!9!#/2+(/(!.&!*69!).,6-%,(4!50!-#&(&! 0()*#/.&! 2#)<#! ,.! b4?k! #! b4Mk! **! #/760(&! #6'().&! /(! .&'%*#0! .0! *:&! ,.! b4Nb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�!./!&.3'6*!*.,%(I!&(0!/#&!1%;)#&!')#0&.3'#/.&I!9!*:&!#,.0')(!

/#&!,.!;(),.!#/2.(/#)!#!-.*.0'(4!5&'(!&6-.,.!$#-%#!/#!3()-%80!*#)7%0#/!,.!/#!.0-<#`!/#&!1%;)#&! &(3()'#0! ./! ;(),.! /%;).! 9! 3#3%/#! %0'.),.0'#)%#4! "#! %0&.)-%80! ,./! /%7#*.0'(! *#)-#! ./! /67#)! 3).-%&(!,./!-6.//(!-/<0%-(!9!'#*;%+0!./!'#*#[(!,.!/#!-()(0#!160-%(0#/!,./!,%.0'.4! 50!./!%0'.)%()!,./!#/2+(/(!.C%&'.0!(')(&!/%7#*.0'(&!P6.!'(*#0!,%1.).0'.&!,%).--%(0.&`!36.,.0! &.)!$()%J(0'#/.&I!(;/%-6(&!9!2.)'%-#/.&!#/!.Q.!/(07%'6,%0#/!,./!,%.0'.!9!&.!,%&')%;69.!.0!'(,#!/#! &63.)1%-%.!)#,%-6/#)`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m#/2.(/#)I! 1%Q#! #/! ,%.0'.! -(0! 60#! 1%)*.J#! .C')#(),%0#)%#4! _(! (;&'#0'.I! 3)(3()-%(0#! #! /#! #)'%-6/#-%80! 60#! #,.-6#,#! v1/.C%;%/%,#,v! 3#)#! P6.! 0(! &.#! ')#6*#'%J#,#!-(0!/#!,6).J#!,.!/#&!,(&!&63.)1%-%.&!)<7%,#&!-(*(!&(0!/#!,./!,%.0'.!9!/#! ,./!$6.&(!#/!&.)!3).&%(0#,#!-(0!/#!16.)J#!,.!*#&'%-#-%80!.0!&6&!%*3#-'(&4! N4!5/!,%.0'.I!-69#!&63.)1%-%.!#)'%-6/#)!.&':!-6;%.)'#!3()!./!*:&!./:&'%-(!,.!&6&!'.Q%,(&!,6)(&! P6.!.&!./!-.*.0'(I!.&!'#*;%+0!,(0,.!&.!%0&.)'#0!/#&!1%;)#&!,./!/%7#*.0'(!3#)(,(0'#/4!

( ( o;545=-(;L2665(Z(4-9bo( ( ;545=-(

;545=->!3()-%80!2%&%;/.!16.)#!,.!/#!.0-<#4I!&.!/.!//#*#!-()(0#!-/<0%-#!(!160-%(0#/4!p0%,#,! #0#'8*%-#!,./!,%.0'.!-6;%.)'#!3()!.&*#/'.4! "#!-()(0#!&.!-(*3#)#!-(0!60!-6;(>! ™ B()*#,(&!3()!,(&!3/#0(&!P6.!&.!60.0!9!1()*#0!:076/(&!,%.,)(&!(!/<0.#&!#076/#).&4! V6#0,(!&(0!').&!/<0.#&!1()*#0!60!:076/(!')%.,)(4! ™ "#&!-#)#&!,./!-6;(!&(0!N!9!3#)#/./#&!#/!.Q.!E#C%#/.&A!!9!/#&!,(&!).&'#0'.&!3.)3.0,%-6/#).&! &(0!/#!-#)#!(-/6&#)!!(!*#&'%-#'()%#!9!/#!(')#!.&!.0!3/#0(!-.)2%-#/!P6.!60.!/#!-()(0#!-(0! /#!)#<J!,./!-6.//(4! ™ V#)#&! #C%#/.&! *.&%#/! 9! ,%&'#/>! 3()! .&'#)! 3#)#/./#&! &(0! N! 9! .&':0! 3)8C%*#&! (! $#-.0! -(0'#-'(!-(0!/(&!,%.0'.&!-(0'%76(&!1()*#0!./!#)-(!9!&.!//#*#0!3)(C%*#/.&4!!"#!*#&! -.)-#0#!#/!3/#0(!*.,%(!&.!/.!0(*;).!*.&%#/!9!/#!(')#!,%&'#/4! ™ V#)#!2.&'%;6/#)>!.0!/(&!,%.0'.&!#0'.)%().&!&.!/.&!0(*;)#!-#)#!/#;%#/!3()!$#-.)!-(0'#-'(! -(0!/(&!/#;%(&!!9!.0!/(&!3(&'.)%().&!-#)#!2.&'%;6/#)!3()!./!2.&'<;6/(4!

!

™ V#)#! /%076#/>! -#2%,#,! ,.! 1()*#! .&1.)(%,.! (-63#,#! 3()! /#! /.076#! &.#! &63.)%()! (! %01.)%()4! ™ V#)#! (-/6&#/! (! *#&'%-#'()%#>! &.! /(-#/%J#! 3.)3.0,%-6/#)! ./! .Q.! /(07%'6,%0#/! .0! /#&! N! &63.)1%-%.&!#C%#/.&4w! ™ V#)#! -.)2%-#/>! 0(! 36.,.! 2.)&.! 3()P6.! -()).&3(0,.! #! /#! 3#)'.! ,./! -6.//(! P6.! 60.! #! -()(0#!9!)#<J!9!-(0&'%'69.!./!3/#0(!2%)'6#/!-.)2%-#/4!

1".0,#"%,0#( "#)7(>!,.!-.)2%-#/!#!(-/6&#/4! F0-$(>!,%:*.')(!*.&%(,%&'#/!,%&'#0-%#!.0').!/#&!-#)#&!3)(C%*#/.&4! h)6.&(4!@%:*.')(!/#;%(/%076#/4! !

6AC?*%#(@0*()&0)"."0,$%(

"(&! 360'(&! ,(0,.! 3)%0-%3%#! /#! -#/-%1%-#-%80! ,.! /#! -()(0#! .0! ./! .&*#/'.! ,.0')(! ,./! &#-(! ,.0'#)%(I!.&':0!3).-%&#*.0'.!.0!/#!-%*#!(!2+)'%-.!,.!/#&!-G&3%,.&!,.!/(&!3(&'.)%().&!(!;(),.! %0-%&#/!.0!/(&!#0'.)%().&4!=(0!N4! 50!/(&!,%.0'.&!#0'.)%().&!').&!1()*#0!/#!3()-%80!/#;%#/!9!./!-6#)'(!1()*#!.0!-<076/(!(!'#/804! 50!/(&!3(&'.)%().&!(!*(/#).&!K!2.&'%;6/#).&!9!,(&!/%076#/.&!E#/760(&!-(0'%.0.0!k4! "#!$6.//#!P6.!,.Q#0!&(;).!./!.&*#/'.!/#!60%80!,.!,(&!/8;6/(&!&.!/.!//#*#!/<0.#!,.!-).-%*%.0'(! (!,.!,.&#))(//(!!(!/<0.#!&.7*.0'#/!(!%0'.)(/(;6/#)4!

( ;%,E"B?&')"A,(@0(*'()'&'(%)*?#'*(

5&!/#!3()-%80!,.!/#!-()(0#!-(0!/#!P6.!&.!.1.-'G#!/#!3()-%80!*#&'%-#'()%#4!50!/(&!#0'.)%().&!60! ;(),.!-()'#0'.!(!%0-%&#/!9!.0!./!-#0%0(!2+)'%-.4! "#!')#0&1()*#-%80!,.!;(),.!%0-%&#/!#!-#)#!(-/6&#/!&.!,.;.!#/!,.&#))(//(!.2(/6'%2(!,./!-<076/(4! o!/(&!3).*(/#).&!9!*(/#).&!'%.0N.0!*#&!7)#0,.!9!-(0&'%'69.0!/#!-G&3%,.!/%076#/4! X).&.0'#!.*%0.0-%#&!9!,.3).&%(0.&4! 5*%0.0-%#&>!&(0!'(,#&!/#&!./.2#-%(0.&! VG&3%,.>!.*%0.0-%#!.0!1()*#!3%)#*%,#/!(!-(0(%,.>!;#&.!-%)-6/#)!(!,.!Mm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�!3#)#!,.'.)*%0#)!/#!)('6)#!,./!.&*#/'.4! F76Q.)(>! .0! ./! -.0')(! ,.! 60#! 1(&#! (! 1(&.'#! .C%&'.! 60(! 9! 36.,.! &.)! ,.;%,(! #! 60#! 1#/'#! ,! .! -#/-%1%-#-%804! !

5$&%#(@0$'**0#(@0(*'(.%&E%*%B"'(O?0(,%(#"0.F&0(#0(0,)?0,$&',(0,(*'()'&'( %)*?#'*(

X60'(>!*<0%*#!3#)'.!P6.!&.[#/#!-(0!3).-%&%804! X.)1%/>!/<0.#!#076/#)4! Y.)'%.0'.&>! 3.P6.[#&! &63.)1%-%.&I! #! /(&! /#,(&! ,.! 60#! .*%0.0-%#4! p0#! 2.)'%.0'.! '%.0.! 60! 3.P6.[(!&6)-(!&.!/.!!//#*#!2.)'%.0.!#)*#,#!!9!&%!0(!/(!'%.0.!2.)'%.0'.!/%&#`!/#!60%80!,.!,(&! 2.)'%.0'.&!1()*#0!60#!#)%&'#!&(;).!60#!.*%0.0-%#I!(!60!&6)-(!.0!./!1(0,(!,.!60#!,.3).&%804! O#9!2.)'%.0'.&!/%&#&!.0!/#&!-#)#&!2.&'%;6/#).&!9!/%076#/.&!9!#)*#,#&!.0!/#!(-/6&%80! B#-.'#&>!J(0#&!P6.!3()!,.&7#&'.!&.!$#!-(02.)'%,(!.0!-#)#&!3/#0#&!E0(!&(0!0#'6)#/.&A4! x).#&!,.!-(0'#-'(>!-#)#&!3)(C%*#/.&!(!,%&'#/.&!-(0!*#9()!-(0'#-'(4! =6)-(!%0'.),.0'#)%(>!,(&!-#)#&!3)(C%*#/.&!.&3#-%(!%0'.)3)(C%*#/4! Z-/6&%80!,.0'#)%#!.&':'%-#4!=.!).#/%J#!&%0!#--%80!*6&-6/#)!9!#/-#0J#!*#9()!&63.)1%-%.!(!*#9()! 06*.)(!,.!360'(&!,.!-(0'#-'(4! Z-/6&%80! ,%0:*%-#>! &.! 3)(,6-.! #/! #-'6#)! -(0! -%.)'#! .0.)7<#! -%.)'(&! *G&-6/(&! *#&'%-#,().&! P6.!(;/%7#0!#!/#!*#0,<;6/#!#!).#/%J#)!*(2%*%.0'(&!,.!,.&/%J#*%.0'(4! x).#!,.!')#;#Q(>!&63.)1%-%.!P6.!.0')#!.0!-(0'#-'(!#/!).#/%J#)&.!/#!(-/6&%80! !

;L2665( (

Vp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

4-9b(

(

HFDy>!.&!/#!3#)'.!P6.!&%)2.!,.!&(3()'.!.&'#!-(/(-#,#!.0!/#!-#2%,#,!#/2.(/#)4!5&'#!-(0&'%'6%,#! 3()!,.0'%0#!9!-6;%.)'#!3()!-.*.0'(!.0!./!P6.!&.!%0&.)'#0!/#!&!1%;)#&!-(/:7.0#&!,.!/%7#*.0'(! 3#)(,(0'#/!P6.!/#!&(&'%.0.!9!1%Q#!#/!#/2.(/(4! "#!1%Q.J#!,./!,%.0'.!.&'#!.0!)./#-%80!,%).-'#!-(0!./!'#*#[(!,.!/#!)#<J4!!! 5/!/67#)!,.!/#!;%16)-#-%80!,.!60#!)#<J!K!E;%16)-#-%80AI!!M!E')%16)-#-%80A4!"#!)#<J!;%16)-#,#!'%.0.! 60#!)#*#!*.&%#/!9!(')#!,%&'#/4!!])%16)-#,#!,(&!)#*#&!2.&'%;6/#).&!EL!o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z%074!!! 5/! #76Q.)(! #3%-#/! &.! ()%.0'#! .0! ,%).--%80! #/! .Q.! /(07%'6,%0#/! ,.! /#! )#<J! #60P6.! %0&%06#,(! #/! ,%&'#/I!&.!-%.))#!-6#0,(!$#!'.)*%0#,(!&6!*%0.)#/%J#-%804! ! ! ! ! ! ! ! ! ! ! ! !

o23S4L;SL4-(126(S2n915(12=S-495o( ( 5&*#/'.!,.0'%0#!9!-.*.0'(!&(0!*#&!,6)(&!P6.!./!'.Q%,(!8&.(4! !

;?$+)?*'(@0*(0#.'*$0( "#! -()(0#! #0#'8*%-#! .&'#! 1()*#,#! 3()! 9! ,./%*%'#,#! .C'.)%()*.0'.! 3()! ./! .&*#/'.! P6.! #! &6! 2.J!.&'#!-6;%.)'#!3()!(')#!V6'<-6/#!,./!.&*#/'.!(!*.*;)#0#!,.!,.!_#&$*%'!P6.!2#)%#!.0!60! .&3.&()!,.!kbm?bb*%-)#&4!!_(!'%.0.!1()*#!3.)(!&.!$#!,.&-)%'(!-(*(!!60!3)(,6-'(!,.!.3%'./%(! 3#2%*.0'(&(!.&')#'%1%-#,(4!!]%.0.!,(&!-#3#&>!/#!%0'.)0#!P6.!.&'#!#,$.)%,#!#!/#!&63.)1%-%.!,./! .&*#/'.!&.!-#/-%1%-#!9!/#!.C'.)0#!&.!-()0%1%-#!'('#/!(!3#)-%#/*.0'.!9!.&'#!#,$.)%,#!#/!.3%'./%(!,.! /#!.0-<#4! !

237-6S2(5(3L3S-=;9-(-1-7-=S9=-(

( V6;).!9!,#!1()*#!.C'.)%()!,.!/#!-()(0#4!].Q%,(!*:&!,6)(4!F&3.-'(!2<').(!&63.)1%-%.!;)%//#0'.! 9! ')#0&/6-%,#4! V(/()! ,.3.0,.! ,.! /#! ,.0'%0#4! @.! ;/#0-(! #J6/#,(! $#&'#! #*#)%//(! (3#-(4! 5&! /#! .&')6-'6)#! *#&! *%0.)#/%J#,#4! Mmdq! ,.! *#'.)%#! ()7:0%-#4! 5&! ./! 3)%*.)(! .0! -#/-%1%-#)&.4! ! Km K4k**!E#,6/'(A!?tK**!E%01#0'.A4!

=6&'#0-%#! #,#*#0'%0#! 1()*#,#! 3()! 3)%&*#&! (! -%/%0,)(&! P6.! #')#2%.�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k!9!1()*#,(&!,.!#3#'%<'#!9!1/(6)#3#'%'#4!!=6! -(0'.0%,(! ! .0! &#/.&! *%0.)#/.&! .&! *.0()! ! 9! &.! -(0(-.! -(*(! &6&'#0-%#! %0'.3)%&*#'%-#! 9! &.! -#/-%1%-#!7)#,6#/*.0'.!3()!%(0%J#-%(04! 50').!-#,#!3.)%(,(!,.!,.&-#0&(!,.!/#!*%0.)#/%J#-%80!&.!1()*#0!60#&!/<0.#&!-(0(-%,#&!-(*(! .&')<#&!,.!H.'J%z&!9!&(0!-(0-+0')%-#&!.0!1()*#!,.!#0%//(!-(*(!/#&!'./#&!,.!/#!-.;(//#4!50!/#! ,.0'#,6)#! ,./! #,6/'(! #/! 0%2./! ,.! /(&! '.)-%(&! *.,%(! 9! -.)2%-#/! &.! #3).-%#0! 60(&! 3.P6.[(&! &6)-(&!P6.!&(0!//#*#,(&!&6)-(&!,.!X%-i.)%//!.0!/#!*%&*#!,%).--%80!,./!-(0'()0(!-.)2%-#/I!3()! /#!*%&*#!)#J80!.C%&'.0!60#&!.*%0.0-%#&!.0!1()*#!,.!.&-#*#&!//#*#,#&!3.)%P6%*#'(&!(!/<0.#&! ,.!%*;)%-#-%(0!!P6.!'#*;%+0!&(0!3()!3.)%(,(&!,.!,.&-#0&(4! "(&!3.0#-$(&!,.!g(.,.i.)!&(0!#/'.)#-%(0.&!,./!3)(-.&(!,.!-#/-%1%-#)(0!,6)#0'.!/#!1()*#-%80! ,./!,%.0'.4! O6&(&!(!#76Q#&!&(0!'.)*%0#-%(0.&!,.!/#&!1%;)#&!,.!](*.&!(!3)(/(07#-%(0.&!-%'(3/#&*:'%-#&! ,.!/(&!(,(0'(;/#&'(&4! "(&! *.-$(0.&! (! 3.0#-$(&! .*.)7.0! ,.! /#! 60%80! ,.0'%0#m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

12=S9=-( (

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c*%/t**K4! "#760#&!,.0'%0#)%#&!&.!,.;.0!#/!*.-#0%&*(!,.!-#/-%1%-#-%80`!/(&!-#/-(&1.)%'(&!&(0!.&1.)(%,.&! 36.,.0!&.)2%)!3#)#!,#)/.!-%.)'#!1/.C%;%/%,#,!#!/#!!,.0'%0#4!!"(&!.&3#-%(&!%0'.)7/(;6/#).&!.&'#0!./! /#!)#<J!9!).-%;.0!./!0(*;).!,.!-#3#!7)#06/#)!,.!](*.&4!! !

;'*)"E")')"A,(P()*'#"E")')"A,(@0(*'(@0,$",'( @.! #16.)#! $#-%#! #,.0')(4! ! F! *.,%,#! P6.! ./! (,(0'(;/#&'(! &.! ).'%)#! $#-%#! ,.0')(! /#! -#2%,#,! 36/3#)!&.!).,6-.4!!=6!-#/-%1%-#-%80!&.!).#/%J#!3()!-#3#&!P6.!-(*(!/#&!/<0.#&!,.!H.'J%z&!!.&!./! .&*#/'.!//.2#0!./!0(*;).!,.!/<0.#&!,.!Zz.04! "#!*#&#!-#/-%1%-#,#!,.!#/!,.0'%0#!-(0'%.0.&!$#&'#!60!fbq!,.!&#/.&!*%0.)#/.&4!

@5_]D_F! XHDLFHDF! p! ZHDhD_F">! .&! ./! .&'#,(! P6.! 76#),#! /#! ,.0'%0#! *%0.)#/%J#,#! #0'.&! ,.! 1()*#)&.! ./! .C').*(! ,.! /#! )#<J! 9! ,./%*%'#)&.! ./! 1()#*.0! #3%-#/4! ! 50! /(&! ,%.0'.&! %01#0'%/.&!.&!/#!/<0.#!P6.!,.*#)-#!/#!-#/-%1%-#-%80!XH5!9!3(&'0#'#/!&.7G0!H6&$'(0!9!=-$(6)4! {/#!,.0'%0#!H5hp"FH!Z!_F]pHF"4!5&':!1()*#,#!3()!60#!*#&#!P6.!76#),#!-(0,6-'%//(&! ,.0'%0#)%(&!P6.!&.!#/(Q#0!.0!/#&!1%;)%//#&!,.!](*.&!N4k!*%-)#&4!{/#!,.0'%0#!5=V"5HZ]DVF!.&! '#*;%+0!,.0'%0#!3)%*#)%#!&(/(!P6.!.&'#!&.!$#!).-#/-%1%-#,(!9!/(&!-(0,6-'%//(&!$#0!).,6-%,(!&6! /6J!/#&!1%;)%//#&!&.!#,./7#J#0!3#)#!,#)!.&3#-%(!#!/#!*%0.)#/%J#-%804!! @5_]D_F!=5Vp_@FHDF>!H5hp"FH>!&.!3)(,6-.!.0!-(%0-%,.0-%#!#!/#!.,#,!9!&.!#&.*.Q#! #!/#!,.0'%0#!.&-/.)(&#,#!3()P6.!&(0!-(0,6-'%//(&!&(0!,.!*.0()!,%:*.')(!#!!,.0'%0#!Q(2.0!9! &.!3).&.0'#!.0!%0,%2%,6(&!*#9().&!#!/(&!Kb!#[(&I!'%.0.0!*:&!).,6-%,#!/#!-:*#)#!36/3#)`!&.!/.! //#*#! &.-60,#)%#! 3()! P6.! .&! 3)(,6-%,#! 3(&'.)%()*.0'.! #! /#! .)63-%80! ,./! ,%.0'.4!! DHH5hp"FH>! ].Q%,(! 06.2(! 1()*#,(! #! .C3.0&#&! ,.! /#! -#2%,#,! 36/3#)! -(*(! ).#--%80! ,.! ,.1.0!"#&!-#3#&!,.!*%0.)#/%J#-%80!&(0!,.!,%1.).0'.!-(/()!.!%0'.0&%,#,4!! @.0'%0#!0(,6/#)>!&.!1()*#!.0!./!%0'.)%()!,.!/#!-:*#)#!36/3#)!3.)(!0(!#,$.)%,#!#!&6&!3#).,.&! &%!0(!.0!1()*#!,.!*G/'%3/.&!08,6/(&4! !

30,#"C"*"@'@(@0,$",'&"'( =.!$#0!&636.&'(!/#&!1%;)%//#&!,.0'#)%#&!.0!)./#-%80!#!/#!&.0&%;%/%,#,4!=.!!.0-6.0')#!/#!-)..0-%#! P6.!./!(,(0'(;/#&'(!.&!60#!-+/6/#!0.6)(.3%'./%#/4! ! ! ! ! ! ! ! !

;272=S5(

V5L5_]Z>! '.Q%,(! P6.! -6;).! /#! '('#/%,#,! ,.! /#! )#<J! $#&'#! ./! -6.//(! #0#'8*%-(4! V(/()! #*#)%//.0'(4!=6!-#/-%1%-#-%80!9!&.0&%;%/%,#,!.&!*.0()!P6.!/#!,.0'%0#4!!! 5&'#!,%2%,%,(!.0!,(&!-#3#&>!5a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z%74!! ! !

o;-7-4-(YL6Y-4(Z(YL6Y-(12=S-49-o( ! "F!VFLFHF!Xp"XFH>!.&!./!3.P6.[(!).-%0'(!(-63#,(!3()!/#!36/3#!,.0'#)%#4! "#!-:*#)#!36/3#)!.&!/#!).,6--%80!,.!/#!-#2%,#,!(-63#,#!3()!/#!3#3%/#!,.0'#)%#4!!! "#!3()-%80!,./!1(/<-6/(!,.0')(!,./!&#-(!P6.!16.!-6;%.)'(!3()!,.0'%0#!3)(,6-%,#!3()!/#!*%&*#! 36/3#!

!

;-7-4-(YL6Y-4(

"F! XHDL5HF! Z! XZHVDZ_! VZHZ_FHDF>! ).-%0'(! (! -#2%,#,! ,.! /#! *%&*#! 1()*#! ,.! /#! -()(0#4! V#)#! (-/6&#/>! //#*#,#! '.-$(! ,.! /#! -#2%,#,4! ! "#! 3#).,! P6.! -()).&3(0,.! #/! -6.//(! &.! //#*#!3%&(!(!1(0,(4!50!./!'.-$(!60#&!3)(/(07#-%(0.&!$#-%#!/#!-%*#!(!-G&3%,.!,.!/#!-()(0#! P6.! -()).&3(0,.0! #! /(&! /8;6/(&! ,./! -).-%*%.0'(! &.! /.&! 0(*;)#0! -6.)0(&! ,.! /#! 36/3#! 9! &(0! 1()*#-%(0.&!#0#'8*%-#&4! "F! =5hp_F! XZHVDZ_>! -()).&3(0,.! #/! -(0,6-'(! )#,%-6/#)! 9! .&! /%7.)#*.0'.! -(0(%,.! (! '6;6/#)!-(*(!60!.*;6,(!P6.!&#/.!,./!1(0,(!(!3%&(!,.!/#!3()-%80!-()(0#)%#!!9!).-()).!'(,(!./! -6.)3(!)#,%-6/#)!9!'.)*%0#!.0!./!1()#*.0!#3%-#/4! ! !

YL6Y-(

! Xp"XF>!8)7#0(!2%'#/!9!&.0&%;/.4!V(*36.&'(!3()!60!.&')(*#!-./6/#)!,.!'.Q%,(!-(0Q60'%2(!/#C(! 9!2#&-6/#)!%J#,(4!=.!36.,.0!,.&-)%;%)!2#)%#&!-#3#&!(!J(0#&!.C%&'.0'.&!,.&,.!/#!,.0'%0#!$#-%#!./! -.0')(!,.!/#!36/3#>! "F! XHDL5HF! VFXF! 5=! "F! XH5@5_]D_F>! &6&'#0-%#! -(/:7.0#! P6.! .&! 60! *.,%(! -#/-%1%-#,/.!#/%*.0'#,(!3()!(,(0'(;/#&'(&4! "F! =5hp_@F! VFXF! BZHLF@F! XZH! Z@Z_]Zg"F=]Z=>! -(0&'%'69.0! 60! .&')#'(! 3#2%*.0'(&(4! W6.! '%.0.0! 60#! 3)(/(07#-%80! -%'(3/#&*:'%-#! %0')(,6-%,#! .0! /#! ,.0'%0#I! .&'#&! 3)(/(07#-%(0.&!P6.,#0!#')#3#,#&!3()!/#!-#/-%1%-#-%80!9!-(0&')69.0!/#&!1%;)%//#&!,.!](*.&4! "F!]5HV5HF!5]FXF>!&.!.0-6.0')#!3()!,.;#Q(!,.!/(&!(,(0'(;/#&'(&!9!.&!/#!J(0#!;#&#/!,.! s.%//! ,(0,.! '.)*%0#0! /#&! 3)(/(07#-%(0.&! 0.)2%(&#&! P6.! #-(*3#[#0! ./! 3#P6.'.! 2#&-6/(0.)2%&(4! 5=]HZLF>!3()!6/'%*(!*:&!#/!-.0')(!&.!.0-6.0')#!./!.&')(*#!P6.!.&!'.Q%,(!/#-(!9!,(0,.!&.! .0-6.0')#0! /(&! 1%;)(;/#&'(&! 9! -+/6/#&! 3.)'.0.-%.0'.&! #/! ).'<-6/(! .0,('./%#/4! p0! 2#&(! /%01:'%-(! ,.0')(!,./!.&')k(*#!3#)#!7#)#0'%J#)!&6!3(,.)!,.1.0&%2(4! X()! ./! 1()#*.0! #3%-#/! 3.0.')#0! 60#! #)'.)%(/#! ,.&,.! &6! ).-())%,(! )#,%-6/#)! 9! &.! )#*%1%-#! .0! -#3%/#).&!,.&36+&!.0!2.0(&(&!9!#/!&#/%)!&.!60.0!.0!60!&(/(!2#&(!3#)#!&#/%)4!! ! ! ! ! ! !

( ! ! ! ! ! ! ! ! !

! ! ! ! ! ! ! ! ! !

D_VD=Z=!LFaD"FH5=!X5HLF_5_]5=!

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|6%-%(! ,.! /#! 1()*#-%80! ,.! /#! *#')%J! ,./! M!}!N!*.&.&! ?b!}!?K!*.&.&! .&*#/'.!9!,.!/#!,.0'%0#! 5&*#/'.!-(*3/.'(! N!}!k!#[(&! N!}!k!#[(&! 5)63-%80!.0!/#!-#2%,#,!()#/! f!}!d!#[(&! d!}!n!#[(&! H#<J!-(*3/.'#! ?b!#[(&! ??!#[(&! ! p0#!2.J!P6.!/#!-()(0#!.&':!-(*3/.'#*.0'.!1()*#,#!E.&*#/'.!-(*3/.'(A!./!,%.0'.!.*3%.J#!#! ;)('#)!.0!,%).--%80!(-/6&#/>!/(&!,%.0'.&!*#C%/#).&!;)('#0!$#-%#!#;#Q(4! ! "#!1()*#-%80!,.!/#!)#<J!.*3%.J#!,.&36+&!P6.!&.!1()*#!/#!-()(0#!E.&*#/'.!-(*3/.'(A!9!.0!.&'.! *(*.0'(!./!,%.0'.!.*3%.J#!#!;)('#)4!5&'.!*(2%*%.0'(!&.!//#*#!.)63-%804!50!./!3)(-.&(!,.!

.)63-%80!/#!-()(0#!.*.)7.!#!/#!-#2%,#,!()#/4!5/!*(2%*%.0'(!.)63'%2(!-(0'%0G#!,.&36+&!,.!/#! .*.)7.0-%#!9!.2.0'6#/*.0'.!./!,%.0'.!-(0!/(&!,%.0'.&!,.!/#!#)-#,#!(36.&'#4! ! X()!/(!7.0.)#/I!/#!)#<J!0(!&.!1()*#!-(*3/.'#*.0'.!$#&'#!*:&!(!*.0(&!/(&!K4k!#[(&!,.&36+&! P6.!/#!-()(0#!&#/.!.0!/#!;(-#4! ! ! ( ( >L=;95=23]( "(&! %0-%&%2(&! *#C%/#).&! &%)2.0! 3#)#! -()'#)! /(&! #/%*.0'(&! 9! #96,#0! #! #)'%-6/#)! /#&! 3#/#;)#&4! E](*.!.0!-6.0'#!/#!3)(060-%#-%80!,.!60#!3.)&(0#!&%0!,%.0'.&A4!]#*;%+0!#96,#0!#!&(3()'#)!./! /#;%(!9!*#0'%.0.0!60#!#3#)%.0-%#!.&'+'%-#4! "(&!,%.0'.&!'#*;%+0!'%.0.0!60!0G*.)(!,.!&6)-(&!9!,.!-).&'#&!-#)#-'.)<&'%-(&4! ! S-7-p5(12(653(9=;939J53(7-[96-423(i796972S453j( ! 1".0,#"A,( ;0,$&'*0#( 6'$0&'*0#( ??4K! n4d!

6%,B"$?@(@0(*'()%&%,'(( 6%,B"$?@(&'@")?*'&( 6%,B"$?@($%$'*(

-,)T?&'(@0(*'()%&%,'(7R1( -,)T?&'(@0(*'(&'+c(i)0&G"Dj( 6'@%(E')"%*",B?'*(@0(*'( )%&%,'( 4'+c(E')%*",B?'*(i)0&G"Dj(

?M4b!

?M4N!

KM4c!

KK4N!

d4c!

c4c!

c4N!

N4f!

f4?!

c4K!

c4N!

k4d!

( ! 9,)"#"G%(;0,$&'*(7'D"*'&]( -3Y2;S5(6-89-6]( M] ;545=-]( ( >%&.']("#!-()(0#!,./!%0-%&%2(!-.0')#/!*#C%/#)!.&!*:&!(!*.0(&!#07(&'#!.0!&6!'.)-%(!%0-%&#/4!

"#!-()(0#!3()!/(!).76/#)!.&!*:&!/#)7#!P6.!#0-$#4! !

7%&E%*%B+'(@0(*'(#?F0&E")"0(*'C"'*]( "(&!*#*./(0.&!3()!/(!).76/#)!&.!0('#0!.0!/(&! %0-%&%2(&!P6.!#-#;#0!,.!;)('#)4!=(0!/#&!').&! .*%0.0-%#&!.0!./!;(),.!%0-%&#/4!X()!/(!7.0.)#/I!,.#).-.0!,.&36+&!P6.!./!,%.0'.!.*3%.J#!#! 6&#)&.4!V6#0,(!/(&!*#*./(0.&!3.)*#0.-.0!.0!60!#,6/'(I!.&!3()P6.!.&'(&!,%.0'.&!0(!.&':0! .0!-(0'#-'(!-(0!./!(3(0.0'.!,.;%,(!#!60#!*(),%,#!#;%.)'#!#0'.)%()4! ! V/<./(*2,/(!-/%!-/('..2%%2!&(0!,(&!,.3).&%(0.&!2.)'%-#/.&!&63.)1%-%#/.&!P6.!,%2%,.0!/#!&63.)1%-%.! /#;%#/!.0!').&!3()-%(0.&4!5&'#&!').&!:).#&!#/760#&!2.-.&!/#&!,.0(*%0#0!/8;6/(&!*.&%#/I!*.,%(!9! ,%&'#/4!O#9!60!-6#)'(!/8;6/(!;#Q(!./!-<076/(4! ! ! B/.*G&*3'1'!&(0!/<0.#&!$()%J(0'#/.&!1%0#&!.0!/#!&63.)1%-%.!,.!/#!-()(0#I!+&'#&!/<0.#&!.&':0!*:&! -.)-#0#&!60#&!,.!(')#&!.0!/#!3#)'.!-.)2%-#/!,.!/#!-()(0#4! ! "#! 3.)%P6%*#'#! &.! .0-6.0')#! .0! ./! .&*#/'.! ,.! '(,(&! /(&! ,%.0'.&! P6.! #-#;#0! ,.! ;)('#)4! =(0! *:&!1:-%/.&!,.!(;&.)2#)!.0!/#&!&63.)1%-%.&!/#;%#/.&!,.!/(&!,%.0'.&!#0'.)%().&!,.;%,(!#!P6.!&6! /(-#/%J#-%80!.&!*:&!#--.&%;/.4!"#!3.)%P6%*#'#!.&!*:&!3)(*%0.0'.!.0!/(&!,%.0'.&!,.!3.)&(0#&! Q82.0.&!P6.!.0!/(&!,.!/#&!3.)&(0#&!*#9().&4!@.#).-.!,.;%,(!#!/#!#;)#&%80!#/!-(*.)!9!#/! -.3%//#)&.4! ! Q] 4-9b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`! .0! (')(&I!3)(160,#4! F!/(&!%0-%&%2(&!*#C%/#).&!-(0!60#!1(&#!/%076#/!3)(160,#!9!-).&'#&!*#)7%0#/.&!*.&%#/!9!,%&'#/! 3)(*%0.0'.&I!#/760#&!2.-.&!&.!/.&!//#*#!R%0-%&%2(&!.0!1()*#!,.!3#/#U4! !

Q](4-9b]( ( "#!&63.)1%-%.!/%076#/!,.!/#!)#<J!.&!*:&!#07(&'#!P6.!/#!/#;%#/4! ! -3Y2;S53(7239-6]( M](;545=-]( ! -3Y2;S5(9=;93-6]( ( 5/!;(),.!%0-%&#/!.&!/%7.)#*.0'.!-6)2(!,.&,.!/#!&63.)1%-%.!*.&%#/!#!/#!,%&'#/4! !

9,)"#"G%(6'$0&'*(7'D"*'&]( ( -3Y2;S5(6-89-6]( M] ;545=-( ( >%&.'](

6'()%&%,'(@0*(",)"#"G%(*'$0&'*(0#(.H#(',B%#$'(O?0(*'()%&%,'(@0*(",)"#"G%( )0,$&'*_(P(*'(&'+c(0#(.H#(*'&B'_(@',@%('(0#$0(@"0,$0(?,'('F'&"0,)"'(*'&B'(P( @0*B'@']( "#!1()*#!,.!/#!-()(0#!.&!*.0(&!&%*+')%-#!P6.!/#!,./!%0-%&%2(!-.0')#/4! "(&!:076/(&I!*.&%(%0-%&#/!9!,%&'(%0-%&#/I!&(0!*:&!).,(0,.#,(&!.0!./!%0-%&%2(!/#'.)#/!P6.!.0!./! -.0')#/4! 5/!:076/(!*.&%(%0-%&#/!.&!*:&!#76,(!9!./!,%&'(%0-%&#/!.&!*:&!#0-$(4! ! :2.;2%2D+'!-/!%'!(&
"#&! -).&'#&! *#)7%0#/.&! *.&%#/! 9! ,%&'#/! &.! ,.&#))(//#0! .0! ,%1.).0'.! 1()*#! .0! -#,#! ,%.0'.>! #/760#&!2.-.&!&(0!3)(*%0.0'.&`!9!(')#&!0(!&.!/.&!(;&.)2#4! "#!1(&#!/%076#/I!.0!#/760(&!,%.0'.&I!.&!&63.)1%-%#/`!.0!(')(&!3)(160,#4! !

J'&"')"%,0#(@0(*%#(9,)"#"G%#(7'D"*'&0#]( "#&! ,%1.).0-%#&! )#-%#/.&! .0! /(&! %0-%&%2(&! *#C%/#).&! $#0! &%,(! ).3()'#,#&! .0! /#! /%'.)#'6)#4! X()! .Q.*3/(I! &.! $#! (;&.)2#,(! 60#! #/'#! %0-%,.0-%#! ,.! *,)*(*=2(! /,! ;2.3'! -/! <'%'! .0! /(&! 36.;/(&! *(07(/.&I!%0-/69.0,(!*6-$(&!7)63(&!,.!%0,%(&!0()'.#*.)%-#0(&4! ! ! 9,)"#"G%#(7',@"C?*'&0#(Y0&.',0,$0#]( (

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}!N!*.&.&! M!}!N!*.&.&! .&*#/'.!,.!/#!,.0'%0#4( 5&*#/'.!-(*3/.'(! N!}!k!#[(&! N!}!k!#[(&! 5)63-%80!.0!/#!-#2%,#,!()#/! c!}!f!#[(&!! f!}!d!#[(&! H#<J!-(*3/.'#! n!#[(&! ?b!#[(&! ( ( >L=;95=23](

"(&! %0-%&%2(&! *#0,%;6/#).&! 160-%(0#0! Q60'(! -(0! /(&! %0-%&%2(&! *#C%/#).&! 3#)#! -()'#)! /(&! #/%*.0'(&I! 3#)#! 3)(,6-%)! /(&! &(0%,(&! 1(0+'%-(&! 9! 3#)#! *#0'.0.)! 60#! ;6.0#! #3#)%.0-%#I! #/! &(3()'#)!./!/#;%(!%01.)%()4! ! ! ! ! ! ! ! 1".0,#"A,( ;0,$&'*0#( 6'$0&'*0#( d4n! n4N!

6%,B"$?@(@0(*'()%&%,'(( 6%,B"$?@(@0(*'(&'+c( 6%,B"$?@($%$'*(

-,)T?&'(@0(*'()%&%,'(7R1( -,)T?&'(@0(*'(&'+c(i)0&G"Dj( S'.'`%(@0(*'()%&%,'( E')"%*",B?'*(( 4'+c(E')%*",B?'*(i)0&G"Dj( !

?K4k!

?M4N!

Kb4n!

KK4K!

k4M!

k4d!

M4N!

M4d!

k4d!

c4K!

k4k!

k4d!

!

9,)"#"G%(;0,$&'*(7',@"C?*'&]( -3Y2;S5(6-89-6]( ( ;545=-]( ( >%&.']( ! :2.;2%2D+'!-/!%'!(&
6'(#?F0&E")"0(@0(*'()%&%,'(0#()'#"(?,"E%&.0](-*B?,'#(G0)0#(T'P(@%#( @0F&0#"%,0#(G0&$")'*0#(F%)%(F&%E?,@'#(0,(0*($0&)"%(",)"#'*]( h.0.)#/*.0'.! .C%&'.0! *#*./(0.&! .0! /(&! ,%.0'.&! ,.! ).-%.0'.! .)63-%804! X()! /(! ).76/#)! &.! ,.&7#&'#0!3)(0'(!,.;%,(!#/!-(0'#-'(!160-%(0#/!(!#/!)(-.!-(0!/(&!%0-%&%2(&!*#C%/#).&4!

! Q] 4-9b]( ( "#!)#<J!&.!#,./7#J#!,.!*#0.)#!60%1()*.!.0!#*;(&!/#,(&!,.&,.!/#!/<0.#!-.)2%-#/!$#-%#!./!:3%-.I! 9!-(0!1).-6.0-%#!./!.C').*(!#3%-#/!.&!-6)2(!.0!,%).--%80!,%&'#/4! "#! &63.)1%-%.! /%076#/! .&! 60%1()*.! 9! /%7.)#*.0'.! -80-#2#! .0! /(&! '.)-%(&! *.,%(! .! %0-%&#/`! ./! -<076/(!.&!-(02.C(!9!3.P6.[(4! 5/!-<076/(!.&':!#/!-.0')(4! !

9,)"#"G%(6'$0&'*(7',@"C?*'&]( (

5/! %0-%&%2(! /#'.)#/! *#0,%;6/#)! .&! 60! 3(-(! *:&! 7)#0,.I! .0! '(,#&! /#&! ,%*.0&%(0.&I! P6.! ./! -.0')#/!.0!/#!*%&*#!;(-#4!"#!-()(0#!.&!*.0(&!&%*+')%-#!P6.!./!%0-%&%2(!-.0')#/!*#0,%;6/#)4!! ! -3Y2;S5(6-89-6](( ( ;545=-](( ( >%&.'](( ( 4-9b](( "#!)#<J!.&!,./7#,#I!9!./!.C').*(!#3%-#/!1).-6.0'.*.0'.!&.!-6)2#!,%&'#/*.0'.4!!

! RTB?#]\!QLWP^RQ"(( ! #\X\WR"!

6'(E%&.'(0#(F'&0)"@'('(*'(@0*(",)"#"G%()0,$&'*(.',@"C?*'&_('?,O?0()'&0)0( @0(#".0$&+'(C"*'$0&'*](6'()%&%,'(0#$H(",)*",'@'(@"#$'*.0,$0(#%C&0(*'(&'+c]( 2*()+,B?*%(0#(*"B0&'.0,$0('(*'(*+,0'(@0*(0\0(&'@")?*'&](( 2,('*B?,'#(F0&#%,'#(@0(&'c'(.%,B%*%"@0_(0*()+,B?*%(@0(*%#(",)"#"G%#( .',@"C?*'&0#(0#$H(.'&)'@%(0,(E%&.'()'&')$0&+#$")'(F%&(?,'(E"#?&'()%&$'(P( F&%E?,@'(0,(@"&0))"A,()0&G")%",)"#'*](;%,(E&0)?0,)"'(0#$'(E"#?&'(#?0*0(#0&( 0*(#"$"%(@%,@0(#0(F&0#0,$',(*'#()'&"0#]( !

9,)"#"G%#()0,$&'*0#( 7H#(#".^$&")%#]( -&0'#(@0()%,$')$%('*(."#.%(,"G0*]( 7"#.'(*%,B"$?@(@0(*'#()&0#$'#(

D0-%&%2(&!/#'.)#/.&! L.0(&!&%*+')%-(&!E/#;%#/I!/%076#/I!%0-%&#/A4! F).#!,.!-(0'#-'(!,%&'#/!.!%01.)%()4! F076/(!,%&'(%0-%&#/!*:&!).,(0,.#,(4! V()(0#!%0-/%0#,#!$#-%#!/#!)#<J4!

.'&B",'*0#](( ;%&%,'(,%(@%C*'@'(#%C&0(*'(&'+c](( 2*(@"0,$0(@0(F%)'('*$?&'(P()%,(&'+c( )%&$'](;+,B?*%()0,$&'@%]( ! !

-

V6)2#'6)#!,./!/#,(!,%&'#/!.0!/#!-()(0#4! ]()&%80!,%&'(/%076#/!,./!;(),.!%0-%&#/4! V<076/(!,%&'#/!#/!-.0')(4! V).&'#!*#)7%0#/!*.&%#/!*:&!/#)7#4! 5/!,%.0'.!*:&!7)#0,.!E*.&%(,%&'#/*.0'.A!-(0! )#<J!*:&!/#)7#4!

;-79=53(Y247-=2=S23(R( !

! 123;49Y;9:=(/2=24-6(12(653(;-=9=53]( 5C%&'.0! N! -#0%0(&`! K! .0! /#! #)-#,#! *#C%/#)! 9! K! .0! /#! #)-#,#! *#0,%;6/#)4! "(&! -#0%0(&! &6&! ,%&'#/.&!#!/(&!%0-%&%2(&!/#'.)#/.&!9!,%&'#/.&!#!/(&!3)%*.)(&!3).*(/#).&4! ! =.!,%-.!P6.!/(&!-#0%0(&!(!*.Q()!-(0(-%,(&!-(*(!R-(/*%//(&U!&.!/(-#/%J#0!.0!/#&!.&P6%0#&!,.! /#!;(-#4!5&'(&!&(0!/(&!'.)-.)(&!,%.0'.&!#!3#)'%)!,.!/#!/<0.#!*.,%#4! ! 1-S53(12(123-445665]( ! ( 9,)"#"G%#()0,$&'*0# 9,)"#"G%#(*'$0&'*0# D0%-%(&! ,.! /#! 1()*#-%80! ,.! /#! *#')%J! ,./! N!}!k!*.&.&! N!}!k!*.&.&! .&*#/'.!,.!/#!,.0'%0#4( 5&*#/'.!-(*3/.'(! c!}!f!#[(&! c!}!f!#[(&! 5)63-%80!.0!/#!-#2%,#,!()#/! ??!}!?K!#[(&! ??!}!?K!#[(&! H#<J!-(*3/.'#! ?M!}!?k!#[(&! ?K!}!?N!#[(&! ! ! >L=;95=23]( 50!3.))(&I!7#'(&!9!(')(&!#0%*#/.&!-(0!-#0%0(&!3)(*%0.0'.&!9!/#)7(&I!/#!160-%80!.&!#')#3#)!9! ,.&7#))#)!#/%*.0'(&I!#&
‫(= ږ‬0!/(&!*:&!/#)7(&!,.!/#!;(-#!9!&6&!)#<-.&!&(0!/#)7#&!9!7)6.&#&4! ‫ ږ‬X()!/(!-(*G0!/(&!-#0%0(&!0(!'%.0.!*#*./(0.&4! ‫ ږ‬5/! ;(),.! %0-%&#/! .&':! ,%2%,%,(! .0! K! 3.0,%.0'.&! 3()! 60#! -G&3%,.! 9! 0(! .&! 60#! &63.)1%-%.! ).-'#4!"#!2.)'%.0.0!*.&%#/!.&!*:&!-()'#!P6.!/#!,%&'#/4! ‫" ږ‬#!&63.)1%-%.!/#;%#/!.&!3)(*%0.0'.!-(02.C#!-(0!60#!-).&'#!/#;%#/!2.)'%-#/4! ‫" ږ‬#!-()(0#!.&!*:&!7)#0,.!.0!*#0.)#!/(;(m/%076#/!P6.!L.&%(m@%&'#/4! ! S-7-p53(2=(796972S453]( ( 1".0,#"A,( ;0,$&'*0#( ?b4k!

6'$0&'*0#( ??4b!

6%,B"$?@(@0(*'()%&%,'(( 6%,B"$?@(@0(*'(&'+c( 6%,B"$?@($%$'*(

-,)T?&'(@0(*'()%&%,'(7R1( -,)T?&'(@0(*'(&'+c(( S'.'`%(@0(*'()%&%,'(6'(R(6"((

?c4N!

?k4n!

Kc4K!

Kk4n!

f4c!

c4d!

k4k!

k4K!

!d4?!

f4f!

( ( Y42756-423(7-[96-423(Y247-=2=S23]( ( 1-S53(126(123-445665]( ( (( 9,)"#"G%#()0,$&'*0# D0%-%(&! ,.! /#! 1()*#-%80! ,.! /#! *#')%J! ,./! ?!~!m!?!!#[(&! .&*#/'.!,.!/#!,.0'%0#4( 5&*#/'.!-(*3/.'(! kmc!#[(&! 5)63-%80!.0!/#!-#2%,#,!()#/! ?bm??!#[(&! H#<J!-(*3/.'#! ?Km?M!#[(&! ( >L=;95=23](

9,)"#"G%#(*'$0&'*0# KmK!Ä!#[(&! cmf!#[(&! ?bm?K!#[(&! ?Km?N!#[(&!

6%#( @"0,$0#( F&0.%*'&0#( i#?F0&"%&0#( 0( ",E0&"%&0#j( E?,)"%,',( )%,( *%#( .%*'&0#( 0,( *'( .'#$")')"A,@0( *%#( '*".0,$%#( P( F'&'( .',$0,0&( *'(

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k!**4A! "#&! -()(0#&! &(0! *:&! -()'#&! P6.! /#&! ,.! /(&! ,%.0'.&! #0'.)%().&! &63.)%().&4! "#&! )#<-.&! ,.! /(&! 3).*(/#).&! '%.0.0! #3)(C%*#,#*.0'.! /#! *%&*#! /(07%'6,! P6.! /(&! %0-%&%2(&! *#C%/#).&I! 3.)(! ;#&'#0'.!*:&!-()'#&!P6.!/#&!,(&!,.!/(&!-#0%0(&!*#C%/#).&4! 5/!3)%*.)!3).*(/#)!*#C%/#)!&6./.!'.0.)!K!)#<-.&>!?!;6-#/!9!?!/%076#/4! "#! -G&3%,.! /%076#/! ,./! 3).*(/#)! &.! -(0&%,.)#! -(*(! 60! .0�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p5(12(653(Y42756-423(7-[96-423(i796972S453j(

! ! 1".0,#"A,(

6%,B"$?@(@0(*'()%&%,'(( 6%,B"$?@(@0(*'(&'+c( 6%,B"$?@($%$'*( -,)T?&'(@0(*'()%&%,'(7R1( -,)T?&'(@0(*'(&'+c(i)0&G"Dj( S'.'`%(@0(*'()%&%,'( E')"%*",B?'*(( 4'+c(E')%*",B?'*(i)0&G"Dj(

;0,$&'*0#( d4c!

6'$0&'*0#( f4f!

?M4M!

?N4b!

K?4N!

K?4K!

f4K!

c4f!

N4d!

N4d!

n4K!

n4b!

d4K!

d4?!

! Y&0.%*'&0#(7',@"C?*'&0#(Y0&.',0,$0#](

( 10#)&"F)"A,(/0,0&'*(@0(*%#(Y&0.%*'&0#(7',@"C?*'&0#](

2D"#$0,( V( F&0.%*'&0#( .',@"C?*'&0#I( ?,( F&".0&%( P( ?,( #0B?,@%( F&0.%*'&('(()'@'(*'@%(@0(*'('&)'@'(.',@"C?*'&](( 6%#( F&0.%*'&0#( .',@"C?*'&0#( F&".0&%( P( #0B?,@%( ,%( #0( F'&0)0,( $',$%(0,$&0(#+()%.%(*%#(F&0.%*'&0#(.'D"*'&0#](( 6%#( F&0.%*'&0#( .',@"C?*'&0#( F&".0&%( P( #0B?,@%( #?)0@0,( %( &00.F*'c',('*(F&".0&%(P(#0B?,@%(.%*'&0#(.',@"C?*'&0#(F&".'&"%#(%( @0)"@?%#](( 40)?0&@0(O?0(,%(T'P(F&0.%*'&0#(0,(*'(@0,$")"A,(F&".'&"']( ( @F]Z=!@5"!@5=FHHZ""Z4!! !

( 9,)"#"G%#()0,$&'*0# D0%-%(&! ,.! /#! 1()*#-%80! ,.! /#! *#')%J! ,./! ?!!!m!K!#[(&! .&*#/'.!,.!/#!,.0'%0#4( 5&*#/'.!-(*3/.'(! kmc!#[(&! 5)63-%80!.0!/#!-#2%,#,!()#/! ?bm?K!#[(&!

9,)"#"G%#(*'$0&'*0# K!Ä!m!K!~!#[(&! cmf!#[(&! ??m?K!#[(&!

H#<J!-(*3/.'#! ?Km?M!#[(&! ?Mm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p5(12(653(Y42756-423(7-=198L6-423(i796972S453j( ! ! 1".0,#"A,( ;0,$&'*0#( 6'$0&'*0#(

6%,B"$?@(@0(*'()%&%,'(( 6%,B"$?@(@0(*'(&'+c( 6%,B"$?@($%$'*( -,)T?&'(@0(*'()%&%,'(7R1( -,)T?&'(@0(*'(&'+c(i)0&G"Dj( S'.'`%(@0(*'()%&%,'( E')"%*",B?'*(( 4'+c(E')%*",B?'*(i)0&G"Dj(

d4f!

d4?!

?N4M!

?N4f!

KK4M!

KK4b!

f4b!

f4?!

N4d!

k4b!

f4d!

d4K!

c4d!

f4K!

! !

( 12=S9;9:=(Y247-=2=S2( ! 5&'#! ,.0'%-%80! .&! /(! P6.! &%76.! ,.! /#! '.*3()#/I! .&'#! -(*36.&'#! 3()! MK! ,%.0'.&! .0! '('#/! ?c! *#C%/#).&!9!?c!*#0,%;6/#).&I!!3(&..!d!.0!-#,#!-6#,)#0'.I!.C%&'.0!,%1.).0-%#&!.0!/#!,.0'%-%80! '.*3()#/! 9! 3.)*#0.0'.I! #60P6.! /(&! %0-%&%2(&! -.0')#/.&I! /#'.)#/.&! 9! /(&! -#0%0(&! .&':0! .0! 3(&%-%(0.&!&%*%/#).&!.0!#*;#&!,.0'%-%(0.&I!/#!,.0'%-%80!3.)*#0.0'.!'%.0.!?!06.2#!-#'.7()<#! ,.!,%.0'.&!P6.!&(0!/(&!3).*(/#).&!P6.!&.!.0-6.0')#0!.0!/(&!/67#).&!,.Q#,(&!3()!/(&!*(/#).&! '.*3()#/.&4! !

]?[LV\T!V?!Q\T!VL?W]?T!B?X:RW?W]?T! ! ?4 5&*#/'.4! V(0'%.0.! *%0.)#/! .0! 60! ncq! 9! 1()*#! /#! &63.)1%-%.! .C'.)0#! 9! 3)('.-'()#! ,.! /#! -()(0#!#0#'8*%-#4! K4 @.0'%0#4!=(0!'.Q%,(&!,6)(&!-#/()1%-#,(&!-(0!60!-(0'.0%,(!,.!*%0.)#/!.0!60!fbq4! M4 V.*.0'(4!5&!,.!*.0()!,6).J#!#/!%76#/!P6.!./!$6.&(!-(0!60!-(0'.0%,(!*%0.)#/!,.!60!kbq! N4 X6/3#4!5&!'.Q%,(!;/#0,(!0(!-#/-%1%-#,(4! ! 5&!.&*#/'.!1()*#!/#!&63.)1%-%.!.C'.)0#!9!3)('.-'()#!,.!/#!-()(0#!#0#'8*%-#4! 5/!-.*.0'(!1()*#!/#!&63.)1%-%.!,.!/#!)#<J!#0#'8*%-#4!!

"#!,.0'%0#!.&'#!.0!/#!-()(0#!9!.0!/#!)#<J!1()*#0,(!./!-6.)3(!,.!-#,#!,%.0'.!;#Q(!#/!.&*#/'.!9! -.*.0'(4! "#!36/3#!.&'#!.0!/#!3()-%80!-.0')#/!,./!,%.0'.!.0!/#!-#2%,#,!36/3#)!9!&6&!160-%(0.&!&(0>! ?4 B()*#'%2#4!X)(,6-.!/#!,.0'%0#!#!/(!/#)7(!,.!'(,#!/#!2%,#!,./!,%.0'.4! K4 =.0&%'%2#4!@(/()!,.;%,(!#/!-#/()I!1)<(I!3.)1()#-%80I!,6/-.!(!-#)%.&4! M4 _6')%'%2#4! @.! /#! -())%.0'.! L<0.#! #! /#&! 3)(/(07#-%(0.&! -%'(3/#&*:'%-#&! ,./! (,(0'(;/#&'(!.0!./!,.0'%0#4!! N4 X)('.-'()#4!H.&3(0,.!#/!,#[(!1()*#0,(!,.0'%0#!&.-60,#)%#4! !

;-J91-123(YL6Y-423(12(653(192=S23(Y247-=2=S23( ! ?4 V:*#)#!36/3#)4!5&'#!.0!/#!-()(0#!,.!/(&!,%.0'.&!#0'.)%().&!.0!3#)'.`!3.)(!/#!*#9()!3#)'.! .0!/#!3()-%80!-.)2%-#/!,.!/#!)#<J!,.!/(&!,%.0'.&!3(&'.)%().&4! K4 V#0#/! )#,%-6/#)4! 5&! 60#! -(0'%06#-%80! ,.! /#! -:*#)#! 36/3#)! .&'#! .0! -#,#! )#<J! ,./! ,%.0'.! ,.3.0,%.0,(!,.!-6#0'#&!)#<-.&!'.07#!9!.C%&'#0!)#<-.&!P6.!3(&..0!K!-#0#/.&4! ! ( J-49-;95=23]( ! "#!-:*#)#!36/3#)!2#)<#!/#!1()*#!9!'#*#[(!-(0!/#!.,#,!,./!,%.0'.I!160-%80!.!$%&'()%#!,.!-#)%.&I! ,.&7#&'.!(!,#[(&!,.0'#)%(&4! 5/!-(0,6-'(!)#,%-6/#)4!5/!,%:*.')(!2#)<#!-(0!/#!.,#,>!&.!$#-.!3.P6.[(!.0!/(&!,%.0'.&!2%.Q(&! ,.;%,(!#!/#!#,%-%80!,.!,.0'%0#!&(;).!/#!3#).,!%0'.)0#4! !

756-423(7-=198L6-423(Y247-=2=S23( ! @.&-)%3-%80!h.0.)#/!,.!/(&!L(/#).&!L#0,%;6/#).&4!5C%&'.0!c!*(/#).&!3.)*#0.0'.&>!3)%*.)(I! &.760,(!9!'.)-.)!*(/#).&!#!-#,#!/#,(!,.!/#!#)-#,#!*#0,%;6/#)4! 5/! 3)%*.)! *(/#)! *#0,%;6/#)! 7.0.)#/*.0'.! .&! ./! 3)%*.)! ,%.0'.! 3.)*#0.0'.! P6.! ;)('#! .0! /#! -#2%,#,!()#/4! 5/!3)%*.)!*(/#)!*#0,%;6/#)!*#&'%-#!,.!*#0.)#!3)%0-%3#/!-(0!./!3)%*.)!*(/#)!*#C%/#)I!3.)(! '#*;%+0!.&':!.0!-(0'#-'(!-(0!./!&.760,(!3).*(/#)!*#C%/#)!-6#0,(!/(&!,%.0'.&!.&':0!Q60'(&4! ! !

@F]Z=!@5"!@5=FHHZ""Z! ! D0%-%(&!,.!/#!

Y&".0&(.%*'&( !

30B?,@%(.%*'&( !

S0&)0&(.%*'&( !

1()*#-%80!,.!/#! ! ! ! *#')%J!,./!.&*#/'.!9! ! ! ! ,.!/#!,.0'%0#4! F/!0#-.)!K?tKmM!#[(&4 K?tKmM!#[(&! dm?b!#[(&! 5&*#/'.!-(*3/.'(4! ! fmd!#[(&! ?Km?c!#[(&! 5)63-%80!.0!/#! k?tKmc!#[(&! ! ! -#2%,#,!()#/4! nm?b!#[(&! ??m?M!#[(&! ?fmK?!#[(&! H#<-.&!-(*3/.'#&! ! ?Nm?k!#[(&! ?dmKk!#[(&! ! ( ( ( ;-4-;S24X3S9;-3(/2=24-623(12(653(756-423(7-=198L6-423]( ! "#&! -()(0#&! ,.! /(&! *(/#).&! *#0,%;6/#).&! &(0! *:&! 7)#0,.&! (! *:&! #0-$#&! .0! ,%).--%80! *.&%(,%&'#/!E/(!(36.&'(!,.!/(&!*(/#).&!*#C%/#).&A4! "#&!-()(0#&!&(0!*6-$(!*:&!7)#0,.&!.0!,%).--%80!*.&%(,%&'#/!P6.!-+)2%-(m(-/6&#/4! ! ! S-7-p5(12(653(756-423(7-=198L6-423(i796972S453j( ! ! Y&".0&%#(.%*'&0#( 30B?,@%#(.%*'&0#( S0&)0&%#(.%*'&0#(

V*3/,(*7,!

"(07%'6,!,.!/#!-()(0#! "(07%'6,!,.!/#!)#<J! - L.&%#/! - ,%&'#/! "(07%'6,!'('#/! F0-$6)#! ,.! /#! -()(0#! ELm@A! F0-$6)#! ,.! /#! )#<J! E-.)2%CA! ]#*#[(! ,.! /#! -()(0#! 1#-%(/%076#/4! H#<J! 1#-%(/%076#/! E-.)2%CA! V6)2#'6)#! -.)2%-#/! *.&%#/! V6)2#'6)#! -.)2%-#/!

f4f! ! ?M4d! ?K4c! Kb4d! ! ??4N! ! n4K! ! ?b4M! ! n4b! ! b4k! !

f4f! ! ?M4n! ?M4b! Kb4c! ! ?b4d! ! n4b! ! n4n! ! d4d! ! b4N! !

f4c! ! ??4N! ?b4d! ?f4n! ! ??4M! ! n4K! ! ?b4?! ! d4n! ! b4N! !

,%&'#/! b4K! b4K! b4K! ! 5C%&'.0! N! -G&3%,.&! *#9().&! 9! 60#! P6%0'#! P6.! .&! 3.P6.[#! E.0! /(&! 3)%*.)(&! 9! '.)-.)(&! *(/#).&A4!"#&!,(&!-G&3%,.&!/%076#/.&!&(0!-#&%!,./!*%&*(!'#*#[(4! ! 5C%&'.0!K!)#<-.&>!60#!*.&%#/!9!60#!,%&'#/4! "#!;%16)-#-%80!,.!/#!)#<J!&6./.!.0-(0')#)&.!-.)-#!,.!/#!/<0.#!-.)2%-#/`!./!')(0-(!)#,%-6/#)!-#&%! &%.*3).!.&!-()'(4! !

( Y&".0&(7%*'&(7',@"C?*'&( ( -3Y2;S5(8L;-6](( ?4 ;545=-]!5C%&'.0!k!-G&3%,.&>!! "#!-G&3%,.!*.&%(;6-#/I!/#!*:&!7)#0,.&!.0!./!/#,(!;6-#/4! "#!-G&3%,.!,%&'(;6-#/4! "#!-G&3%,.!,%&'#/!P6.!&.!.0-6.0')#!.0!./!:076/(!,%&'(;6-#/!,.!/#!-()(0#I!.&!/!*:&!3.P6.[#!,.! /#&!k!-G&3%,.&4! "#!-G&3%,.!*.&%(/%076#/I!P6.!.&!/#!*:&!#/'#!9!/#!*:&!7)#0,.!,.!'(,#&!/#&!-G&3%,.&4! "#!-G&3%,.!,%&'(/%076#/4! K4 4-X;234!5C%&'.!60#!)#<J!*.&%#/!9!60#!,%&'#/4!"#!)#<J!*.&%#/!.&!*:&!/#)7#!P6.!/#!,%&'#/4! ! -3Y2;S5(69=/L-6(

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

V).&'#!*#)7%0#/!*.&%#/4! V).&'#!')%#076/#)!,.!/#!-G&3%,.!*.&%(/%076#/! ! 5C%&'.0!k!-G&3%,.&>!*.&%(;6-#/I!,%&'(;6-#/I!*.&%(/%076#/I!,%&'(/%076#/I!,%&'#/!E-G&3%,.!*.0()A4! ! >53-3(

5C%&'.0!M!1(&#&>!/#!1(&#!-.0')#/!P6.!.&!7)#0,.I!/#!1(&#!')%#076/#)!*.&%#/!P6.!.&!3.P6.[#!9!/#! 1(&#!')%#076/#)!,%&'#/!P6.!.&!/#!*:&!3.P6.[#4! ! =pHVZ=! 5C%&'.0!2#)%(&!&6)-(&!3)%0-%3#/.&>! 5/!&6)-(!-.0')#/I!./!&6)-(!*.&%(;6-#/I!./!&6)-(!,%&'(;6-#/I!./!&6)-(!/%076#/4! !

30B?,@%(7%*'&(7',@"C?*'&( ( ;-4-;S24X3S9;-3(/2=24-623( 5C%&'.0!N!-G&3%,.&>!*.&%(;6-#/I!,%&'(;6-#/I!*.&%(/%076#/I!,%&'(/%076#/4! =(/(!$#9!60!&6)-(!;6-#/4!! "#&!)#<-.&!&(0!*:&!/#)7#&I!*.0(&!#0-$#&!.0!,%).--%80!;6-(/%076#/!P6.!.0!./!3)%*.)!*(/#)!9! *.0(&!&.3#)#,#&!(!*:&!3#)#/./#&4! ! >53-3(

"#!1(&#!-.0')#/I!/#!1(&#!')%#076/#)!*.&%#/I!/#!1(&#!')%#076/#)!,%&'#/4! ! 3L4;53(

5/!&6)-(!-.0')#/I!./!&6)-(!;6-#/I!./!&6)-(!/%076#/4! !

( ( 756-423(7-[96-423(Y247-=2=S23( (

10#)&"F)"A,(/0,0&'*(@0(*%#(7%*'&0#(7'D"*'&0#( 5C%&'.0!c!*(/#).&!*#C%/#).&!3.)*#0.0'.&>!3)%*.)(I!&.760,(!9!'.)-.)!*(/#)4!

! 5/!3)%*.)!*(/#)!3.)*#0.0'.!$#-.!.)63-%80!.0!/#!;(-#I!-6#0,(!./!0%[(!'%.0.!.0').!k!#[(&!c! *.&.&!9!c!#[(&4! ! 5/! &.760,(! *(/#)! 3.)*#0.0'.! $#-.! .)63-%80I! ,%&'#/I! #/! 3)%*.)(I! -6#0,(! ./! 0%[(! '%.0.! #3)(C%*#,#*.0'.!?K!(!?M!#[(&4!5/!'.)-.)!*(/#)!$#-.!.)63-%80I!0!/#&!3.)&(0#&!,.!?f!#!K?4!_(! .&! )#)(! P6.! 60(! (! *:&! ,.! /(&! '.)-.)(&! *(/#).&! 1#/'.! ,.! *#0.)#! -(07+0%'#! E060-#! &.! ,.&#))(//#A4! ! ! ! 1-S53(126(123-445665(

! Y&".0&(.%*'&( D0%-%(&! ,.! /#! ! 1()*#-%80! ,.! /#! ! *#')%J! ,./! .&*#/'.! 9! ! ,.!/#!,.0'%0#4! -*(,')0&( 5&*#/'.!-(*3/.'(! K?tKmM!#[(&! 5)63-%80! .0! /#! k?tKmc!#[(&! -#2%,#,!()#/4! nm?b!#[(&! H#<J!-(*3/.'#! !

30B?,@%(.%*'&( ! ! ! K?tKmM!#[(&! fmd!#[(&! ?Km?M!#[(&! ?Nm?c!#[(&!

S0&)0&(.%*'&( ! ! ! fmn!#[(&! ?Km?c!#[(&! ?fmK?!#[(&! ?dmKk!#[(&!

Bp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

S-7-p5(12(653(756-423(7-[96-423( ! !

Y&".0&%#(.%*'&0#(

@%*.0&%80! "(07%'6,!,.!/#!-()(0#! "(07%'6,!,.!/#!)#<J! L.&%(;6-#/! @%&'(;6-#/! "%076#/! "(07%'6,!'('#/! F0-$6)#! ,.! /#! -()(0#! ELm@A! F0-$6)#! ,.! /#! )#<J! E-.)2%CA! ]#*#[(! ,.! /#! -()(0#! 1#-%(/%076#/4! H#<J! 1#-%(/%076#/! E-.)2%CA! V6)2#'6)#! -.)2%-#/! *.&%#/4! V6)2#'6)#! -.)2%-#/! ,%&'#/! ! ! !

f4k! ! ?K4n! ! ?K4n! ?K4?! ?M4d! Kb4?! ! ?b4N! ! d4b! ! ??4k! ! ?b4c! ! b4c! ! b4M!

30B?,@%#(.%*'&0#(

S0&)0&%#(.%*'&0#(

f4c! ! ?K4d! ! ?K4d! ?K4?! ?M4k! Kb4b! ! n4f! ! f4c! ! ??4N! ! ?b4c! ! b4c! ! b4K!

f4K! ! ?b4d! ! ?b4d! ?b4?! ??4N! ?f4k! ! n4K! ! f4K! ! ??4b! ! ?b4M! ! b4k! ! b4K!

Y&".0&(7%*'&(7'D"*'&( ( 9=>547-;9:=(/2=24-6( "(&!3)%*.)(&!*(/#).&!&.!/(-#/%J#0!-.)-#!,./!-.0')(!,.!/#!#)-#,#!.0!,%).--%80!#0'.)(3(&'.)%()! .0!./!#,6/'(!9!&(0!/(&!*:&!7)#0,.&!9!/(&!*:&!16.)'.&!,.!/(&!,%.0'.&!*#C%/#).&4! "(&!3)%*.)(&!*(/#).&!3.)*#0.0'.&!-(0!1).-6.0-%#!&(0!/(&!3)%*.)(&!,%.0'.&!.0!//.7#)!#!'.0.)! -#)%.&4! ! -3Y2;S5(8L;-6(

M] ;545=-( >547-(

@.&,.!./!#&3.-'(!;6-#/!/#!-()(0#!.&!#0-$#!-.)-#!,.!/#!60%80!,.!/(&!'.)-%(&!(-/6&#/!9!*.,%(!9! *:&!#07(&'#!-.)-#!,.!/#!/<0.#!-.)2%-#/4! 5C%&'.0!,(&!-G&3%,.&!.0!./!/#,(!;6-#/4!p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

M] ;545=-( 5C%&'.0!K!-G&3%,.&!;%.0!,.1%0%,#&I!/#!*.&%(/%076#/!P6.!.&!7)#0,.!9!/#!,%&'(/%076#/!P6.!.&!*:&! 3.P6.[#4! V(0! 1).-6.0-%#! .C%&'.! 60#! P6%0'#! -G&3%,.! 3.P6.[#! .0! /#! &63.)1%-%.! /%076#/! ,.! /#! -G&3%,.! *.&%(/%076#/4! 5&!60#!-G&3%,.!0(!160-%(0#/!#60!-6#0,(!&.#!7)#0,.4! ! -3Y2;S5(5;6L3-6(

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

5/! &6)-(! ;6-#/! ,.! /#! 1(&#! -.0')#/! &.! .C'%.0,.! .0! ,%).--%80! ;6-#/! ,.&,.! /#! 1(&#! -.0')#/! 9! -(0'%0G#!&(;).!/#!&63.)1%-%.!;6-#/!,.!/#!-()(0#!-(*(!./!&6)-(!;6-#/4! 5/!&6)-(!-.0')#/!&.!.C'%.0,.!.0!,%).--%80!*.&%#/!,.&,.!/#!1(&#!-.0')#/4! 5/!&6)-(!')#0&2.)&(!&.!.C'%.0,.!,.&,.!/#!1(&#!-.0')#/I!-)6J#0,(!/#!-).&'#!(;/%-6#!$#&'#!/#!1(&#! ')%#076/#)!,%&'#/4! 5/!&6)-(!(;/%-6(!,%&'#/!&.!.C'%.0,.!,.&,.!/#!1(&#!')%#076/#)!,%&'#/!.0!,%).--%80!/%076#/4! ! ! ! ( 30B?,@%(7%*'&(7'D"*'&(

( 9=>547-;9:=(/2=24-6( 5/!&.760,(!*(/#)!.&!*:&!3.P6.[(!P6.!./!3)%*.)!*(/#)!.0!/#!*%&*#!;(-#4! ! -3Y2;S5(8L;-6(

M] ;545=-( >547-( "#!-G&3%,.!*.&%(;6-#/!.&!*:&!7)#0,.!9!*:&!/#)7#!P6.!/#!,%&'(;6-#/4! "#!-()(0#!&.!.0-6.0')#!%0-/%0#,#!.0!,%).--%80!,%&'#/!.0!./!-6.//(4! ! Q] 4-X;23( "#&!)#<-.&!*.&%(;6-#/!9!,%&'(;6-#/!&6./.0!&.)!*.0(&!-6)2#&!P6.!/#&!,./!3)%*.)!*(/#)4! ! -3Y2;S5(69=/L-6(

M] ;545=-( =.! (;&.)2#0! 60#! -G&3%,.! *.&%(/%076#/! 9! 60#! ,%&'(/%076#/4! "#! -G&3%,.! *.&%(/%076#/! .&! 3()! *6-$(!/#!*:&!7)#0,.4! 5C%&'.! 60! &.760,(! '%3(! ,.! &.760,(! *(/#)! *#C%/#)! E1()*#! ')%-6&3<,.#A! .0! ./! -6#/! 1#/'#! /#! -G&3%,.!,%&'(/%076#/I!,.Q#0,(!&8/(!60#!-G&3%,.!/%076#/I!P6.!.&!7)#0,.4! ! Q] 4-X;23( "#!)#<J!/%076#/!&.!3#).-.!#!/#!,./!3)%*.)!*(/#)4!! ! -3Y2;S5(5;6L3-6(

"#&!&%76%.0'.&!.&')6-'6)#&!&(0!&%*%/#).&!#!/#&!,./!3)%*.)!*(/#)4!

VG&3%,.&4!! L.&%(;6-#/!E&.760,#!*:&!7)#0,.AI!,%&'(;6-#/!E&.760,#!*:&!3.P6.[#A4! L.&%(/%076#/!E*:&!7)#0,.!9!*:&!/#)7#AI!,%&'(/%076#/!E#/760#&!2.-.&!1#/'#!(!.&!3.P6.[#A4! ! >53-3(

B(&#!-.0')#/!E7)#0,.A4! B(&#!')%#076/#)!*.&%#/!E*69!3.P6.[#A4! B(&#!')%#076/#)!,%&'#/!E,%*%06'#A4! B(&#!,%&'#/!E/#)7#!3.)(!.&').-$#`!1#/'#!-6#0,(!0(!$#9!-G&3%,.!,%&'(/%076#/A4! ! ;&0#$'#(

V).&'#&!*#)7%0#/.&!*.&%#/!9!,%&'#/4! V).&'#&!')%#076/#).&!E-()).0!$#-%#!./!-.0')(!,.!/#!&63.)1%-%.!(-/6&#/I!60#!,.!-#,#!-G&3%,.A4! V).&'#!(;/%-6#!E*.&(/%076#/!#!,%&'(;6-#/A4! V).&'#! ')#0&2.)&#! E*.&%(/%076#/! #! *.&%(;6-#/I! /#! -G&3%,.! *.&%(/%076#/! '%.0.! 60#! &.760,#! -).&'#!')%#076/#)A4! ])#'.! ,.! ,.0(*%0#)! -#,#! 60#! ,.! /#&! ?f! -).&'#&! .0! /#! B%74! E/(&! -<)-6/(&! 3.P6.[(&! &(0! /#&! -G&3%,.&A4! ! ( ( S0&)0&(7%*'&(7'D"*'&(

9( =>547-;9:=(/2=24-6( "#!&63.)1%-%.!,%&'#/!,./!'.)-.)!*(/#)!0(!&.!.0-6.0')#!.0!-(0'#-'(!-(0!,%.0'.!#/760(4! 5/! '#*#[(! 9! 1()*#! .&! *69! 2#)%#;/.4! @.! $.-$(I! /(&! '.)-.)(&! *(/#).&! *#C%/#).&! '%.0.0! 60#! *#9()!2#)%.,#,!*()1(/87%-#!P6.!-6#/P6%.)!(')(!,%.0'.4! 5/!'.)-.)!*(/#)!-(*G0*.0'.!.&!*:&!3.P6.[(!P6.!./!3)%*.)(!(!&.760,(!*(/#).&4! ! 123;49Y;9:=(

M] ;545=-! Q] 4-X;23! 5C%&'.0!M!)#<-.&>!*.&%(;6-#/I!,%&'(;6-#/!9!/%076#/4! V(0!1).-6.0-%#!/#&!)#<-.&!&.!16&%(0#0!-(*3/.'#*.0'.!,.&,.!./!-.)2%C!$#&'#!/(&!:3%-.&4! X()!/(!7.0.)#/!/#&!)#<-.&!&(0!*:&!-()'#&!P6.!/#&!,./!3)%*.)(!9!&.760,(!*(/#).&! !

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! -,$"#^F$")%#(?$"*"c'@%#(0,(%@%,$%*%B+'( !

=%.C&0(

='$?&'*0c'(O?+.")'(

-))"%,0#(P(?#%#(

40'))"%,0#('@G0&#'#(

<)"@%(CA&")%(

<)"@%(%&$%CA&")%( OMgZM!

-,$"#^F$")%(@^C"*I(.?P(?#'@%( 0,(0,\?'B?0#(C?)'*0#( F'$0,$'@%#_(P'(,%(#0(?#'(0,( %@%,$%*%B+'(

;?',@%(#0('C#%&C0(0,(0*( )?0&F%_(0*(H)"@%(CA&")%(0#( $%D")%_(@0C0(0G"$'�(#?( ?#%_(0#F0)"'*.0,$0(0,( ,"`%#](

;%*%&',$0#(@0(')&"@",'_( F&",)"F'*.0,$0(0*(!;*( @0(')&"@",'(_(*'(C'#0(@0( ')&"E*'G",'_(*'(F&%G*'E",'(

10&"G'@%#(@0(*'(')&"@",'(

9,(G"$&%(0#(')$"G%()%,$&'( '*B?,'#(C')$0&"'#(%&'*0#(P(*'#( *0G'@?&'#(O?0()'?#',( )',@"@"'#"#_(F0&%(,%(T'( F&%C'@%(#?(?$"*"@'@()*+,")'(

;*+,")'.0,$0(*%#( )%*%&',$0#_(,%(T',( F&%C'@%(#0(0E")')"'_( .',)T'](

>%&.'*@0T+@%(

>%&.'*@0T+@%(;!Q5(

70c)*'@%()%,(*%#()&0#%*0#(#0( ?#'(F'&'(0*($&'$'."0,$%(@0(*%#( )%,@?)$%#(&'@")?*'&0#a(#0(?#'( F'&'(@0#0,#"C"*"c'&(*'(@0,$",'( T"F0�,#"C*0](

=%(0#(W$"*()%.%( ',$"#^F$")%(F%&(O?0( '*$'.0,$0($AD")%(0( "&&"$',$0_($'.C"^,(",@?)0( '(*'(T"F0#0,#"C"*"@'@(P( )'?#'(,0)&%#"#(0,(*%#( $0\"@%#](

;*%&'.",'(R(S(

3A@")'(VR$%*?0,#?*E%,( )*%&'."@'( ;q!q;*=='5Q3U!Q5(

30(?#'(F'&'(0*($&'$'."0,$%(@0( T0&"@'#(0,(#%*?)"A,('*(M(%(Q(r_( ?,'(@"#.",?)"A,(0,(*'#( )%,)0,$&')"%,0#(@0*(9%,( T"@&AB0,%(@"#.",?P0(*'#( ')$"G"@'@0#(',$"C')$0&"','#(

;?',@%(#0(?#'( 0D$0&,'.0,$0(,%(0#( $AD")%(

;*%&%'c%@",'(

1")*%&%'c%@")'&C%,'."@' VKONV/K_c!

30(?#'()%.%(B0&.")"@'(@0( 'F*")')"A,($AF")'_(0,( $&'$'."0,$%#(@0(*%#()','*0#( F?*F'&0#(P(*%#('C#)0#%#( F0&"'F")'*0#(

=%(0#($AD")%(,"("&&"$',$0_]( Y0&%((

!"F%)*%&"$%(#A@")%(

='5;*(

30(?#'(F'&'(*".F"'&(*'#( @0,$'@?&'#_(#0(?#'()%.%( ',$"#^F$")%($AF")%(%(F'&'( 0,\?'B?0#(C?)'*0#(

2#()H?#$")%(P(,%(@0C0( 'F*")'�('($0\"@%#(

9%@%(

9Q(

30(?#'()%.%(',$"#^F$")%(P( @0#",E0)$',$0a(0,()"&?B+'(F'&'( *".F"'&(*'(F"0*a(#0(?#'()%.%( #%*?)"A,(&0G0*'@%&'(

7',)T'_(0#("&&"$',$0_( )'?#'('.F%**'#_( T"F0�,#"C"*"@'@_( @0&.'$"$"#_(0$)](

Z%@%E%&.%(

S&""%@%.0$',%I(;!9U(

-,'*B^#")%_(',$"#^F$")%(0( "&&"$',$0(*%)'*(

Y?0@0(F&%@?)"&($%D")"@'@

70&)%)&0#%*0#(

="$&%.0&'#%*(

Y'&$0#("B?'*0#(@0()*%&?&%( /0&.")"@'_(E?,B?")"@'(P( Y?0@0()'?#'&(0#$%.'$"$"#( @0(QRT"@&%D"E0,"*.0&)?&"%( C')$0&"%#$H$")%_(,%($"0,0( .0&)W&")'(0(",$%D")')"A,( P(#0)'."*$&")&0#%*( '))"A,(#%C&0(*'#(0#F%&'#(#0(?#'( #"#$0.H$")'( )%.%(',$"#^F$")%( ;q!g!B=5U(

2*(?#%(F&",)"F'*((0#(*'( @0#",E0))"A,(@0(*%#( ",#$&?.0,$%#(@0,$'*0#(P( @0#",E0)$',$0(

SAD")%(0("&&"$',$0(

Y0&AD"@%(@0(T"@&AB0,%(

!Q5Q('*(Usr(

8*',O?0'@%&(@0(*%#(@"0,$0#(P( #",(F?*F'(

2#()H?#$")%(P(0DF*%#"G%(

Y0&AD"@%(@0(T"@&AB0,%(

!Q5Q('*(Ur(

30(?#'()%,$&'(C')$0&"'#( ','0&AC")'#_(F'&'(*".F"'&( .?)%#'#(P(T0&"@'#_(F'&'(*'( F?*F'(@0,$'*(",E0)$'@'(

=%(@0C0(?#'�(0,($0\"@%( )")'$&"c',$0_(0#("&&"$',$0_( @0#)'*)"E")'(0*($0\"@%( @0,$'*(

Y'&')*%&%E0,%*(

;h!g;*5(

30(?#'(0,(0*($&'$'."0,$%(@0(*%#( )%,@?)$%#(&'@")?*'&0#(P(0,( ",E0))"%,0#(F0&"'F")'*0#(

Y?0@0(#0&("&&"$',$0(

Y'&')*%&%E0,%*( '*)',E%&'@%(

VR)*%&%E0,%*(P('*)',E%&(

S&'$'."0,$%(@0(*%#()%,@?)$%#( &'@")?*'&0#(P(0,(",E0))"%,0#( F0&"'F")'*0#(

Y?0@0(#0&("&&"$',$0(

2?B0,%*(

;Ms!tsQ(

-,$"#^F$")%(P(',%@",%(

Y?0@0(#0&("&&"$',$0(

;&0#%$'(

70c)*'(@0(E0,%*0#(

-,$"#^F$")%(P(',0#$^#")%(

9&&"$',$0(F'&'(*%#($0\"@%#(

n'C%,0#(

!0D')*%&%E0,%(

',$"C')$0&"',%#(

SAD")%(

!

!

10#",E0)$',$0#(?#'@%#(0,(%@%,$%*%B+'( ( ( W235./!

='$?&'*0c'( O?+.")'(

! ! ! ! ! ! ! ! !

-))"%,0#(P(?#%#(

B()*#/,.$<,(!

VOKZ!

@.&%01.-'#0'.!

h/6'#)#/,.$<,(!! _%')(*.)&(/!! V).&(/!!

VkOdZK! VfOkO7_ZM! L.J-/#!,.!KmI!Mm!9!Nm *.'%/1.0(/!

=(/6-%80!,.!-).&(/! (0%1%-#,#!

L.J-/#!(0%1%-#,#!P6.! -(0'%.0.!kbq!,.!-).&(/!

@.&')69.!/#&!.&3()#&! h.)*%-%,#! p&(!/%*%'#,(!3#)#! ,.&%01.-'#)!%0&')6*.0'(&I! -6#')(!2.-.&!*#&!;#-'.)%-%,#! P6.!./!1.0(/! ]%.0.!./!,(;/.!,.!3('.0-%#! #0'%;#-'.)%#0#!P6.!./!1.0(/! !

40'))"%,0#( '@G0&#'#( Z/()!3%-#0'.I!%))%'#0'.I! 0.-)(J#0'.! D))%'#0'.!! H./#'%2#*.0'.!0(!'8C%-(! L.0(&!'8C%-(!P6.!./!1.0(/!

=%*%/#)!#/!-).&(/!

! ! 84L[9375(Z(S24-Y9-(12(7519>9;-;95=(12(;5=1L;S-( ! h6<#!,.!3):-'%-#!-/<0%-#!3#)#!6&(!,./!(;'6)#,()!0#&#/!')#0&%-%(0#/4! ! ! H5=p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m*#0,%;6/#)!.0!-6#/P6%.)#!,.!&6&! *#0%1.&'#-%(0.&!$#&'#!./!;)6C%&*(4!! "#&!1+)6/#&!3).'.0,.0!60#!)./#Q#-%80!*6&-6/#)!-(0!./!-(0&%76%.0'.!).3(&%-%(0#*%.0'(! -(0,!.&'8*#7(!EG/-.)#&I!7#&')%'%&AI!#3#)#'(! ).&3%)#'()%(!E#--.&(&!#&*:'%-(&AI!3%./!E,.)*#'%'%&!&.;()).%-#I!3&()%#&%&44AI!&%&'.*#!0.)2%(&(! E*#0<#&I!-.1#/.#&I!'#;#P6%&*(I!#/-($(/%&*(I!,)(7(,.3.0,.0-%#&444AI!&%&'.*#! *G&-6/(.&P6./+'%-(!E'%-&I!*%#/7%#&I444A!.'-4!!

5/!#3#)#'(!.&'(*#'(70:'%-(!&61).!'#*;%+0I!-(0!./.2#,#!1).-6.0-%#I!/(&!%*3#-'(&!0(-%2(&!,.! /#!2%,#!*(,.)0#>!%'!5.&023',+'!.&!/#!=/.(*7,!2!./<./(/,1')*7,!,./!/(1.$(!/,!,&/(1.'!/(!/#!;)6C(*#0<#!.)(&%(0#!9!1)#-'6)#!/#&!! 3%.J#&!,.0'#)%#&!-(0&'%'69.0,(!60!1#-'()!,.!)%.&7(!! 7)#2.!3#)#!/#!.&'+'%-#!1#-%#/!9!3)8'.&%&!,.0'#)%#4!!

! ].()<#&!(-/6&#/.&!9!3&%-(/87%-#&!$#0!&%,(!.060-%#,#&!3#)#!.C3/%-#)!/#!.'%(/(7<#!,.!/#! ;)6C(*#0<#4!@.)%2#,#&!,.!#P6+//#&I!'.)#3%#&!(-/6&#/.&!9!3&%-(/87%-#&!&(0!#3/%-#,#&! #%&/#,#*.0'.!(!.0!&6*#!3#)#!')#'#*%.0'(!,./!;)6C8*#0(!).14!?f4!! F4!B.)0:0,.J!X+).J!9!F4!B.)0:0,.J!X#))#!.0!60!-(0-%.0J6,(!9!;%.0!./#;()#,(!#)'<-6/(!,.! ).2%&%80!;%;/%(7):1%-#!&(;).!/#!;)6C(*#0<#!).1&4!nI!?b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nI!?b4!! "#&!1+)6/#&!,.!,.&-#)7#!&(0!./!')#'#*%.0'(!-(*(,<0!).2.)&%;/.!,.!60#!#*3/%#!3#'(/(7<#! (,(0'(.&'(*#'(/87%-#I!,.&,.!/#!,%&160-%80!'+*3()(m*#0,%;6/#)!.0!-6#/P6%.)#!,.!&6&! *#0%1.&'#-%(0.&!$#&'#!./!;)6C%&*(4!o#!.0!/#!g%;/%#!&.!*.0-%(0#!./!v//#0'(!9!).-$%0#)!,.! ,%.0'.&v4!=%0!.*;#)7(I!/#&!'.()<#&!3&%-(/87%-#&!-(*(!()%7.0!,.!/#!;)6C(*#0<#!&.!.060-%#0! -%.0'<1%-#*.0'.!.0!/#!&.760,#!*%'#,!,.!.&'.!&%7/(4!! ! "#&!1+)6/#&!,.!,.&-#)7#!36.,.0!.0!(-#&%(0.&!&.)!&6;Q.'%2#*.0'.!).-(0(-%,#&!3()!/(&! 3#-%.0'.&!-(*(!60!-6.)3(!.C')#[(!%0')#()#/!9I!-(*(!'#/I!).-$#J#,#&!3()!./!()7#0%&*(! 3)(,6-%.0,(!60!.1.-'(!.&').�'.!-(0')#)%(!#/!;6&-#,(!3()!./!1#-6/'#'%2(4!5/!1)#-#&(! '.)#3+6'%-(!.&!.2%,.0'.!.0!.&'(&!.01.)*(&!).14!?N!! @#(!9!"#2%70.I!,.!/#!p0%2.)&%,#,!,.!]()(0'(!EZ0'#)%(I!V#0#,#AI!.0!60!).-%.0'.!#)'<-6/(!).1&4!cI! f !-%'#0!P6.I!3.&.!#!/#!*#&%2#!6'%/%J#-%80!,.!/#&!1+)6/#&!,.!,.&-#)7#!.0!./!')#'#*%.0'(!,.!/(&! ]L@!9!;)6C%&*(&I!&6!*.-#0%&*(!,.!#--%80!3.)*#0.-.!-(0')(2.)'%,(4!V(0-/69.0!#-.3'#0,(!

&6!6&(!3()!/#!.1.-'%2%,#,!*(&')#,#!#60P6.!#;(7#0!3()!16'6)#&!%02.&'%7#-%(0.&!P6.!#-/#).0!/#! .'%(/(7<#!,.!/#!]L@!9!;)6C%&*(I!,.!*(,(!P6.!36.,#0!&.)!,.&#))(//#,(&!')#'#*%.0'(&! -#6&#/.&!.&3.-<1%-(&4!! 50!-#&(&!#76,(&!,.!3#'(/(7<#!,.!F]LI!/(&!-/<0%-(&!).-(*%.0,#0!60!6&(!3.)*#0.0'.!,.!/#! 1+)6/#I!G0%-#*.0'.!).'%):0,(/#!3#)#!-(*.)4!5//(!%*3/%-#!60#!%*3()'#0'.!*.)*#!.0!/#!2%,#!,.! )./#-%80!,./!3#-%.0'.!#/!(-#&%(0#)!60#!'('#/!%0-#3#-%,#,!,.!/(-6-%80!).14!?4!! p0#!1+)6/#!,.!,.&-#)7#!.&!60!,%&3(&%'%2(!'.)#3+6'%-(!#3#).0'.*.0'.!&.0-%//(!,.!).#/%J#)!9! *#0.Q#)!#60P6.I!.0!/#!3):-'%-#I!3).-%&#!60!3)(160,(!-(0(-%*%.0'(!,.!/#&!'.()<#&!,.!/#! (-/6&%80!).14!?k4!! p0#!1+)6/#!*#/!#)'%-6/#,#!')#0&1()*#!/#!3).*#'6)%,#,!P6.!P6%.).!-6)#)!.0!*G/'%3/.&! 3).*#'6)%,#,.&I!-(0!/(!P6.!/#!3#'(/(7<#!&.!#7)#2#I!.0!/67#)!,.!-.,.)4!! F/760(&!#6'().&!0(!(;&'#0'.!,%&-6'.0!/#!.1%-#-%#!,.!/#&!1+)6/#&!,.!,.&-#)7#!$#;%.0,(!//.7#,(! (')(&!#!0.7#)!&6!.1.-'%2%,#,!EX4!@#z&(0I!?nn?A!).14!d4!! Å4!]).#-9!,.!/#!p0%2.)&%,#,!,.!"60,&!.0!=6.-%#!,.*6.&')#!.0!60!.&'6,%(!.C3.)%*.0'#/! ).-%.0'.!&(;).!KM!;)6C8*#0(&!/#!*#9()!.1.-'%2%,#,!,.!/#!'.)#3%#!3&%-(/87%-#!&(;).!./!]5_=! E])#0&-6'#0.(6&!5/.-')%-#/!_.6)#/!='%*6/#'%(0A!).14!?d4!! ! 50!./!*%&*(!&.0'%,(I!V4!L(/%0!,.!/#!p0%2.)&%,#,!,.!Å#)(/%0&i#!.0!=6.-%#!-(0-/69.!P6.!/#&! '.)#3%#&!;#&#,#&!.0!1%&%('.)#3%#!9!'+-0%-#&!3&%-(/87%-#&!,.!*(,%1%-#-%80!,.!-(0,6-'#!.&':0! #2#0J#0,(!&(;).!/#&!-/:&%-#&!'.)#3%#&!-.0')#,#&!.0!/#&!'.()<#&!(-/6&#/.&4!! "(&!./(<*.'-2./(!5&)'%/(!6!()#/.&!,2!-/('..2%%',!-(0,6-'#&!3#'(/87%-#&!,.!'<./1'3*/,12!2! ./)H*,'3*/,12!,.;%,(!#!P6.!3).-%�!/#!2<#!()#/!3#)#!(C%7.0#)!./!()7#0%&*(I!160-%80!2%'#/!9! 3)%*#)%#4!! p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

5/!-(0,6-'%&*(!.&!60#!-())%.0'.!,.!/#!3&%-(/(7<#!-%.0'<1%-#!P6.!-.0')#!&6!#'.0-%80!.0!./! .&'6,%(!,./!;%0(*%(!.&'<*6/(m).&36.&'#4!X).'.0,.!60#!3&%-(/(7<#!-(*(!-%.0-%#!(;Q.'%2#I! &%.0,(!/#!-(0,6-'#!./!(;Q.'(!,.!.&'6,%(!9!/#!(;&.)2#-%80!./!*+'(,(!.C3.)%*.0'#/!).14!?n4!! s#'&(0!.&'#;/.-.!/#&!;#&.&!'.8)%-#&!,.!/(&!3/#0'.#*%.0'(&!-(0,6-'%&'#&!.&;(J#0,(!'+-0%-#&! ,.!')#'#*%.0'(4!X(&'.)%()*.0'.!(')(&!#6'().&!$#0!,.&#))(//#,(!./!*+'(,(!3):-'%-(!E@)4!Y4|4! H6;%(4!@3'4!X&%-(/(7<#!g%(/87%-#!9!,.!/#!=#/6,4!p0%2.)&%,#,!F6'80(*#!,.!L#,)%,!).14!%0'.)0.'!KA4!! "#!1/.'<*'!-/!32-*;*)')*7,!-/!)2,-&)1'!$#!&%,(!6'%/%J#,#!#*3/%#*.0'.!.0!./!')#'#*%.0'(!,.!$:;%'(&! 3#'(/87%-(&!9!.&!-(0&%,.)#,#!3()!/(&!3&%-8/(7(&!-/<0%-(&!/#!1$),*)'!3F(!/0*12('!$#&'#!./! *(*.0'(!EFJ)%0!9!_600!).14!MA4!! ! Zg=5HYFVDZ_!VZ_@pV]D=]F>!! 5/!;)6C%&*(I!#3).'#*%.0'(!9t(!).-$%0#*%.0'(I!.&!60#!-(0,6-'#!3#'(/87%-#!0(!3).&.0'.!.0! ).&3%)#,().&!;6-#/.&4!D02.&'%7#).*(&!3()!.//(!60!3)(-.,%*%.0'(m.&'<*6/(!,./!-6#/!&.!,.)%2.! 60#!).&36.&'#!).&3%)#'()%#!;6-#/!P6.!#06/.!/#!-(0,6-'#!;)6C83#'#4!! "#!(;&')6--%80!,.!/#&!2<#&!0#&#/.&!-(*(!.&'<*6/(!3)(2(-#!60#!).&36.&'#I!/#!).&3%)#-%80!;6-#/I! 9!+&'#!#06/#!/#!3#)#160-%804!V(0!./!(;'6)#,()!0#&#/!')#0&%-%(0#/!*(,%1%-#).*(&!/#&!-(0,6-'#&! 3#'(/87%-#&!;)6C8*#0#&!*.,%#0'.!60!.0').0#*%.0'(!-(0&'#0'.!9!()%.0'#,(!#!/#!0()*#/%,#,!

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o!L\]Z@Z=!! 50!#0'.)%()!#)'<-6/(!&(;).!./!'.*#!).14!?M!3)(36&%*(&!60!*+'(,(!3#)#!/#!-(01.--%80!,.! (;'6)#,().&!0#&#/.&!P6.!$.*(&!).&6*%,(!&%70%1%-#'%2#*.0'.!3#)#!1#-%/%'#)!#3/%-#-%80!9!6&(!,.! /(&!*%&*(&!3()!3)(1.&%(0#/.&!9!3#-%.0'.&4!@.&-)%;%*(&!./!06.2(!*+'(,(4!](*#).*(&!60#! ).1.).0-%#!-(0!$%/(!,.!&.,#!,.!/#!/(07%'6,!')#0&2.)&#/!,./!3#;.//80!0#&#/!,./!3#-%.0'.!#!')#'#)! Q6&'(!3()!,.;#Q(!,.!/(&!$6.&(&!3)(3%(&!,.!/#!0#)%J!E1%74!NA4! ! B%76)#!N>!](*#*(&!*.,%,#!-(0!60!$%/(!,.!&.,#!,.!/#!/(07%'6,!')#0&2.)&#/!,./!3#;.//80!0#&#/!,./!3#-%.0'.I!Q6&'(!3()!,.;#Q(! ,.!/(&!$6.&(&!3)(3%(&!,.!/#!0#)%J!!

! L.,%*(&!/#!/(07%'6,!,./!$%/(!,.!&.,#!9!./.7%*(&!/#!'#//#!#,.-6#,#!.0').!/(&!*(,./(&!,.! Z;'6)#,()!_#&#/!])#0&%-%(0#/!3.P6.[(!=I!*.,%#0(!L!9!7)#0,.!"!P6.!1#-%/%'#!./!1#;)%-#0'.! ET/=/,1//1HM!("%"M!Y#/.0-%#I!5&3#[#A4!"#!'#//#!=!.&!3#)#!3#;.//(0.&!0#&#/.&!3.P6.[(&!,.!/(07%'6,! %01.)%()!#!kd!**4!"#!'#//#!L!3#)#!3#;.//(0.&!*.,%#0(&!,.!/(07%'6,.&!-(*3).0,%,#&!.0').!kd! 9!ck!**4!"#!'#//#!"!3#)#!3#;.//(0.&!7)#0,.&I!3()!.0-%*#!,.!ck!**4!50!-#,#!3#P6.'.!(!i%'! $#9!').&!(;'6)#,().&!,.!/#!*%&*#!/(07%'6,4!"(&!(;'6)#,().&!.&':0!1#;)%-#,(&!-(0!60#!2#%0#! .C'.)%()!,.!/:'.C!9!60#!1%0#!$(Q#!%0'.)%()!,.!/#'80!*#/.#;/.!E1%74!kA4! ! B%76)#!k!! L.,%*(&!.0!**4!/#!/(07%'6,!,./!$%/(!,.!&.,#!9!./.7%*(&!/#!'#//#!,.!(;'6)#,()!0#&#/!E3.P6.[#I!*.,%#0#!(!7)#0,.A4!! T/=/,1//1HM!("%"!Y#/.0-%#I!5&3#[#!E.0!/#!%*#7.0!#02.)&(!9!! ).2.)&(!,.!60!i%'!-(0!M!(;'6)#,().&!.&':0,#)A!B%76)#!c!! X#'(/(7<#!;#&#/>!gHpaD=LZI!FXH5]FLD5_]Z!(!H5VOD_FLD5_]Z4!L:C%*#!%0'.)-6&3%,#-%80I!-(0'#-'(!'('#/4! F6&.0-%#!,.!.&3#-%(!/%;).!%0'.)(-/6&#/4!5/!(;'6)#,()!&.!,(;/#):!&(;).!./!3#;.//80!0#&#/!,./!3#-%.0'.I!

-(01%76)#0,(!./!(3.)#,()!*#06#/*.0'.!./!)./%.2.!,./!*%&*(4!"#!.&')6-'6)#!1()*#,#! -(0&'%'69.!/(!P6.!//#*#).*(&!251&.'-2.!,'('%!1.',(*12.*2!2!1.',(*)*2,'%!E1%7&4!f!9!dA!B%76)#&!f!9!d!! V(/(-#*(&!./!(;'6)#,()I!&%0!#-'%2#)4!Y%&'#!1)(0'#/4!B%76)#!n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

-()3()#/.&!0(-'6)0(&!$#):0!P6.!./!(;'6)#,()!&.!,.&3).0,#!,./!3#;.//80!-6#0,(!9#!$#9#! -6*3/%,(!&6!160-%80>!*(,%1%-#-%80!,.!/#!-(0,6-'#4!! 5/!3#-%.0'.!0(!6'%/%J#):!./!(;'6)#,()!.0!3.)%(,(&!,.!)./#-%80!&(-%#/!-(0!(')#&!3.)&(0#&4!! 5/!3#-%.0'.I!6�,(!./!(;'6)#,()I!/(!).'%)#):!,.!/#!0#)%J!.0!3.)%(,(&!&6-.&%2(&!-6#0,(!0('.! &.P6.,#,!;6-#/I!3#)#!$6*%,%1%-#)!,.!06.2(!/.076#!9!-#))%//(&!9!'(*#)!-(0-%.0-%#!,.!/#!06.2#! 3(&%-%80!*#0,%;6/#)!,.)%2#,#!,.!/#!)./#Q#-%80!,.!/(&!*G&-6/(&!*#&'%-#'()%(&4!! "#!&.P6.,#,!.&!&%70(!,.!#-'%2%,#,!).&3%)#'()%#!()#/>!$#;):!60!,.&-.0&(!*#0,%;6/#)!9! )./#Q#-%80!,.!*G&-6/(&!*#&'%-#'()%(&!&%0!-(0'#-'(!%0'.)(-/6&#/!E1%76)#!?bA4! ! B%76)#!?b>!! B#&.!D>!#-'%2#-%80!(;'6)#,()!0#&#/I!3).&%(0#0,(!/%7.)#*.0'.!/(&!).16.)J(&!,.!/:'.C!-(0')#!/#&!#/.'#&!0#&#/.&4!H.&36.&'#! -(0,6-'6#/>!gZVF!FgD5H]FI!H5=XDHFVDÇ_!ZHF"I!H5"F|FVDÇ_!Lp=Vp"FH!LF=]DVF]ZHDFI! ).3(&%-%(0#*%.0'(!-(0,
! p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p0#!2.J!0('.!/#!&.P6.,#,! ;6-#/I!).'%)#):!./!(;'6)#,()!,.!06.2(4!F&!! L#)-#*(&!-(0!60!/:3%J!'%0'#!*#C%/#)!&63.)%()!.!%01.)%()!3#)#!'(*#)!*.,%,#&!&6-.&%2#&!-(0!60!3%.!,.!).9!,.!/#!.2(/6-%80!,./! 3#-%.0'.4!!

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c!**4!3()!.0-%*#!,./!2#/()!.0!*:C%*#! %0'.)-6&3%,#-%804!F"]F>!*#0'.0%*%.0'(!).76/#)!,.!/#!3(&%-%80!,.!).3(&(!*#0,%;6/#)!&%0!'.0,.0-%#!#!/#!).7).&%804!!

! Z;Q.'%2#).*(&!/#!-6)#-%80!*.,%#0'.!/#!*.,%,#!&6-.&%2#I!.0!,(&!(!').&!2%&%'#&I!,.!/#!,%&'#0-%#! %0'.)*#C%/#)!%,80.#4!5&!,.-%)I!*#0'.0%*%.0'(!).76/#)!,.!/#!3(&%-%80!,.!).3(&(!*#0,%;6/#)!&%0! '.0,.0-%#!#!/#!).7).&%804!50!06.&')#!.C3.)%.0-%#I!-(0&%,.)#*(&!60#!3(&%-%80!,.!'('#/! )./#Q#-%80!E;(-#!#;%.)'#A!#!/#!*.,%,#!3()!.0-%*#!,.!f!**4!,.!/#!'(*#,#!-(*(!).1.).0-%#!.0! *:C%*#!%0'.)-6&3%,#-%80!E,%*.0&%80!2.)'%-#/!,.!(-/6&%80A4!!

! 5&'%*#*(&!P6.!$#9!3)(7).&%80!#!/#!-6)#-%80I!,%&'#0-%#!%0'.)(-/6&#/!%,80.#I!-6#0,(!/#! *.,%-%80!.0!2%&%'#&!,.!).2%&%80I!&%0!(;'6)#,()!9!-(0!;(-#!-.))#,#I!&.!&%'G#!,.!K!#!k!**4I! #3)(C%*#,#*.0'.I!3()!.0-%*#!,./!2#/()!.0!*:C%*#!%0'.)-6&3%,#-%804!! 5/!3.0&#*%.0'(!(!/#!3).&.0-%#!2%&6#/!,./!(;'6)#,()I!&%0!#-'%2%,#,I!#-'6#):!.0!3(-#&!&.&%(0.&! -(*(!60!).1/.Q(!-(0,%-%(0#,(!P6.!//.2#):!#!)./#Q#-%80!*6&-6/#)!9!).3(&%-%(0#*%.0'(! *#0,%;6/#)4!! 50!06.&')#!.C3.)%.0-%#I!$#&'#!./!*(*.0'(I!.&'.!*+'(,(!060-#!$#!2%)#,(!/#!-(0,6-'#!#!/#! 1%Q#-%80!,.!/#!).&3%)#-%80!()#/!E/(!P6.!(-#&%(0#)<#!&.P6.,#,!;6-(m1#)<07.#!-)80%-#A4! =.*.Q#0,(!#!/#!3):-'%-#!()'(,80-%-#I!3)(2(-#*(&!.0!60!3)%0-%3%(!60#!$%3.)-()).--%80!,.!/#! -(0,6-'#!*.,%#0'.!./!(;'6)#,()I!,.&,.!./!#3).'#*%.0'(!;)6C8*#0(!$#&'#!/#!3(&%-%80!,.! #3.)'6)#!9!).&3%)#-%80!;6-#/I!P6.!&.!.P6%/%;#):!3(&'.)%()*.0'.!60#!2.J!).'%)#,(!./!,%&3(&%'%2(! 0#&#/4!! 50!-#,#!3#P6.'.!(!i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x L('%2#-%80>!3#)#!#96,#)!#/!3#-%.0'.!#!.0'.0,.)!3.)1.-'#*.0'.!./!*+'(,(!9!'(*#)! -(0-%.0-%#!,.!&6!3#'(/(7<#4!5&'#!#--%80!.&!160,#*.0'#/!-(*(!9#!$.*(&!,%-$(>!&%0! .//#!./!*+'(,(!1)#-#&#):!%0.C()#;/.*.0'.4!! x H.#--%80!,.!-(*3.'.0-%#>!.&!60#!).#--%80!(!3(&%-%80!%0-(*3#'%;/.!-(0!./!$:;%'(! 3.)0%-%(&(4!"#!).#--%80!,.!-(*3.'.0-%#!.0!/#!;)6C(*#0<#!&63(0.!/#!)./#Q#-%80!,.!/(&! *G&-6/(&!,.!/#!*#&'%-#-%80I!*#&.'.)(&!9!'.*3()#/.&I!36.&!-(0!.//(!./!#3).'#*%.0'(!.&! %0-(*3#'%;/.4!5/!(;'6)#,()!0#&#/!#3(9#!'('#/*.0'.!.&'#!).#--%80!,.!-(*3.'.0-%#4!!

x

V(*3()'#*%.0'(!#&(-%#,(!9!&%'6#-%(0.&!P6.!//.2.0!#/!$:;%'(>!./!3#-%.0'.!).-(0(-.):! '(,#&!#P6.//#&!-#6&#&!P6.!/.!//.2.0!#!/#!;)6C(*#0<#!3#)#!#&!&%! 2.)!3./<-6/#&!,.!'.))()!/.!3)(,6-.!.&')+&!9!#3).'#*%.0'(I!.2%'#):!/#&!*%&*#&4!! F,%.&')#*%.0'(!.0!)./#Q#-%804!! H.7%&')(>!./!3#-%.0'.!,.;.!//.2#)!60!).7%&')(!,%#)%(!,.!/#!1).-6.0-%#!,./!$:;%'(4!!

x x ! L('%2#-%80>!#3#)'#,(!.&.0-%#/!,.!/#!'.)#3%#!,.!*(,%1%-#-%80!,.!-(0,6-'#!! "#!321*=')*7,!.&!./!%0%-%(!9!/1'<'!;&,-'3/,1'%!,.!/#!'.)#3%#!,.!*(,%1%-#-%80!,.!-(0,6-'#4!! X#)#!/#!-()).-'#!*('%2#-%80!,./!3#-%.0'.!/,!%'!<.*3/.'!=*(*1'!)%+,*)'!$#).*(&!$%0-#3%+!&6-.&%2#!9! (),.0#,#*.0'.!.0!/(&!&%76%.0'.&!360'(&>!! x p&'.,!'%.0.!60#!3#'(/(7<#!;)6C8*#0#!P6.!='!'!1/.3*,'.!)2,!(&(!-*/,1/(4!! x "#!#6&.0-%#!,.!,%.0'.&!.0')#[#!D.'=/(!<.25%/3'(!<'.'!%'!/(1$1*)'!;')*'%4!! x "#!#6&.0-%#!,.!,%.0'.&!.0')#[#!7)#2.&!3)(;/.*#&!3#)#!-/D%&)*7,!9!'<'.'12!-*D/(1*=24!! x "#!#6&.0-%#!,.!,%.0'.&!3)(,6-.!D.'=/(!<.25%/3'(!<(*)2%7D*)2(!#/!3#-%.0'.4!! x "#!;)6C(*#0<#!&63(0.!D.'=/(!.*/(D2(!3#)#!-6#/P6%.)!<.71/(*(!-/,1'%4!p&'.,!.&'#!%02%)'%.0,(! 60#!-#0'%,#,!(&'.0&%;/.!,.!,%0.)(!9!0(!36.,.!.-$#)/#!#/!-6;(!,.!/#!;#&6)#!3()! 3.)&%&'%)!.0!/#!;)6C(*#0<#4!! x "#!$%3.)#-'%2%,#,!,.!/(&!*G&-6/(&!*#&.'.)(&!9!'.*3()#/.&!-(0,6-.!#!/#!$%3.)'.0&%80! ,.!/(&!*G&-6/(&!,.!06-#!9!-6.//(4!V(0&.-6.0-%#!%0*.,%#'#!,.!'(,(!.//(!.&!./!-2%2.! ;')*'%I!,.!F]LI!)/.=*)'%!9!/(<'%-'4!V(0&.-6.0-%#&!*.,%#'#&!&(0!=$.1*D2(I!3'./2(!9!')4;/,2(4!! x 5/!$(*;).!.&!60!#0%*#/!,.!-(&'6*;).&4!p0#!)2,-&)1'!',73'%'!<&/-/!(/.!)2../D*-'! *.,%#0'.!60#!.,6-#-%80!#,.-6#,#!3#)#!-#*;%#)/#!#!-(0,6-'#!0()*#/I!()7:0%-#*.0'.! &#/6,#;/.4!! x 5/!()%7.0!,.!&6!;)6C(*#0<#!.&!/#!$%3.)#-'%2%,#,!,.!/(&!*G&-6/(&!*#&'%-#'()%(&I! '.*3()#/.&!9!*#&.'.)(&4!Y#*(&!#!.0&.[#)/.!#!6'%/%J#)/(&!0#,#!*:&!3#)#!-(*.)I! )./#Q:0,(/(&!./!).&'(!,./!'%.*3(4!F&!! gHpaD=LZI!FXH5]FLD5_]Z!Z!H5VOD_FLD5_]Z!! L:C%*#!%0'.)-6&3%,#-%80I!-(0'#-'(!'('#/4!! F-()'#*%.0'(!,.!/#!/(07%'6,!1#-%#/!E-#)#!,.!2%.Q(A!! ! B#&.!D>!! F--%80>!#-'%2#-%80!(;'6)#,()!0#&#/!! H.&36.&'#!-(0,6-'6#/>!gZVF!FgD5H]FI!H5=XDHFVDÇ_!ZHF"I!H5"F|FVDÇ_! Lp=Vp"FH!LF=]DVF]ZHDF!! @%&'#0-%#!%0'.)*#C%/#)>!XZH!5_VDLF!@5!c!**4!@5!"F!L5@D@F!5_!LxaDLF! D_]5HVp=XD@FVDÇ_4!! p0#!2.J!P6.!&.!3).&.0'#!/#!&.P6.,#,!;6-#/!3#&#*(&!#!! ! B#&.!D/>!!

! ! ! ! ! ! ! ! ! ! ! ! !

F--%80>!@.&#-'%2#-%80!,./!(;'6)#,()!! H.&36.&'#!-(0,6-'6#/>!gZVF!V5HHF@FI!H5=XDHFVDÇ_!_F=F"4!X.)*#0.0-%#!,.!/#! )./#Q#-%80!*G&-6/(&!*#&'%-#'()%(&4!F6*.0'(!,./!,%:*.')(!1#-%#/!/(07%'6,%0#/!! @%&'#0-%#!%0'.)*#C%/#)>!5_]H5!K!o!k!**!@5!"F!L5@D@F!5_!LxaDLF! D_]5HVp=XD@FVDÇ_4!! @.!.&'#!1#&.!3(,.*(&!3#&#)!#!/#!1#&.!DDD!E).-#<,#A!(!#!/#!1#&.!DY!E-6)#-%80A4! !! B#&.!D//>!! H5VF^@F>!52(/6-%80!3)(7).&%2#!,.&,.!1#&.!DD!$#-%#!&%'6#-%80!;#&#/I!).-#<,#!$#-%#! -(0,6-'#!3#'(/87%-#I!3#)#160-%804!! V(0')#--%80!,./!,%:*.')(!1#-%#/!/(07%'6,%0#/!E-#)#!,.!2%.Q(A4!H.3.'%).*(&!1#&.&!D!9!DD4!! ! B#&.!DY>!! VpHFVDÇ_>!=.!*#0'%.0.0!/(&!3#):*.')(&!,.!/#!1#&.!DD!! gZVF!V5HHF@FI!H5=XDHFVDÇ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k4 5/!(;'6)#,()!0#&#/!-(0&%76.!60#!).2.)&%80!,.!/#!3#'(/(7<#!-(*3#'%;%/%J#0,(!/#! '.)#3+6'%-#!-(0!/#!#-'%2%,#,!&(-%#/!0()*#/!,.!/(&!3#-%.0'.&4!! c4 =.!')#'#!,.!60#!'+-0%-#!P6.!36.,.!&.)!G'%/!3()!&
! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ;0.0,$%#]( ( (

9,$&%@?))"A,]( ( ! !"@&AD"@%(@0()'*)"%]( ! !! 5/!$%,)8C%,(!,.!-#/-%(!!$#!&%,(!6'%/%J#,(!.0!2#)%.,#,!,.!3).3#)#,(&!!3#)#!).-6;)%*%.0'(!36/3#)!9!3).m ;#&.!.0!-#2%,#,.&!3)(160,#&4! ! ! =.! 3).&.0'#! *:&! -(*G0*.0'.! -(*(! &%&'.*#&! ,.! ,(&! 3#&'#&! .0! /#&! P6.! /#! ).#--%80! ! ,.! 1)#76#,(! &.! 3)(,6-.! .0! ./! 2.$<-6/(! ! P6.! #7/6'%0#! #/! $%,)8C%,(! ,.! -#/-%(4! 5&'.! G/'%*(! 0(! 3#)'%-%3#! ! 7.0.)#/*.0'.! .0! /#! ).#--%804! @%2.)&(&! 2.$<-6/(&! &(0! 6'%/%J#,(&I! #/760(&! ;#&#,(&! .0! /#! &(/6-%80! ,.! 60! 3(/<*.)(! .0! 60! &(/2.0'.!! ()7:0%-(!2(/:'%/!9!(')(&!.0!60#!&6&3.0&%80!#-6(&#!,.!*.'%/m-./6/(! ! ! "#&!3)(3%.,#,.&!,./!$%,)8C%,(!,.!-#/-%(!%0,6-.0!/#!*%0.)#/%J#-%80!,.!/#!36/3#!#,9#-.0'.!#!+/I!3.)(!./! *.-#0%&*(!P6.!/(&!3)(,6-.!0(!.&!-/#)(4! ! ! 5/!3O!,.!/(&!3).3#)#,(&!,.!$%,)8C%,(!,.!-#/-%(!.&!??m?K!9!.&'(!3)(,6-.!60!-%.)'(!7)#,(!,.!%))%'#-%80! '%&6/#)I!/(!P6.!7.0.)#!60#!;#0,#!,.!'.Q%,(!0.-)8'%-(!!.0').!./!9!/#!36/3#!�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`!3#)#!;#&.!.&!60#!-(0&%&'.0-%#!,.! *%7#Q(0I!.&!*:&!6&6#/!.0-(0')#)/(!,.!3#&'#m!3#&'#!9!&.!*#0%36/#0!*.J-/:0,(/#&!$(*(7+0.#*.0'.!3#)#!,.&36+&! //.2#)/#&!#!/#!-#2%,#,!&.-#!9!/%*3%#4!

! ! ( ( 5D"@%(@0()",)(P(0?B0,%*]( ( ! \/! (C%,(! ,.! -%0-! .&! ./! -(*3(0.0'.! 3)%0-%3#/! ,./! 3(/2(I! '#*;%+0! -(0'%.0.! 8C%,(! ,.! *#70.&%(I! P6.! ).#--%(0#! -(0!./! .67.0(/!,.!*#0.)#! &%*%/#)4! O#&'#! 60! Kdq! ,./! 3(/2(! 36.,.0!.&'#)!-(0&'%'6%,(! ! 3()! ,%2.)&(&! ).//.0(&!!'#/.&!-(*(!).&%0#&!!;/#0-#I!#!1%0!,.!#6*.0'#)!/#!).&%&'.0-%#!1%0#/!9!).,6-%)!/#!1)#7%/%,#,4!"#&!).&%0#&!,.! -(/(1(0%#I!&(0!#-./.)#,()#&!6'%/%J#,(&!!P6.!3.)*%'.0!/#!(;'.0-%80!,.!60#!*.J-/#!*:&!$(*(7+0.#!!9!-($.&%2#4! "#!).#--%80!.&!#-./.)#,#!*.,%#0'.!/#!%0-()3()#-%80!,.!&#/.&!!,.!-%0-4! ! ! \/! /%P6%,(!.&! 3)%0-%3#/*.0'.!.67.0(/! 3.)(! 36.,.!&.)! #7).7#,(! (')(! #-.%'.!-(*(! !./!,.! (/%2#! (!./!,.! &.*%//#&! ,.! #/7(,80I! .0! -(0-.0')#-%(0.&! ,.! $#&'#! ?kqI! 3#)#! ,%&%*6/#)! ./! &#;()! ,./! .67.0(/! 9! *(,%1%-#)! &6! 2%&-(&%,#,4! ! ! 5/!#6*.0'(!,.!/#!'.*3.)#'6)#!#&! ! D4 Z;'6)#-%(0.&!9!&.7*.0'#-%(0.&!'.*3()#/.&4! DD4 =.*.0'#-%(0.&!,.1%0%'%2#&4! DDD4 g#&.&!.0!(3.)#'()%#!E?l!(3-%80A!yZ5I!3#)#!(;'6)#)!!.0!60!'%.*3(!-()'(!-#2%,#,.&!!.0!0%[(&!P6.! ,6)#)#0!$#&'#!c!*.&.&!EKl!(3-%80A! DY4 B())(! -#2%'#! )%8! (! -#2%'9! /%0%07! (! /%0.)4! 5&! 1())(! %0,%).-'(4! 50! (,(0'(3.,%#')%#! &.! 6&#! .0! /#&! .0,(,(0-%#&I!3.)(!,.;.!&.)!36)(4! ! !!!!!V/#&.&>! ! ?4!X(/2(m/%P6%,(! K4!X#&'#m3#&'#4! M4!p0!&(/(!'6;(!P6.!-(0!/#!$6*.,#,!,.!/#!;(-#!.0,6).-.4! ! ƒ L#0%36/#-%80>!

@.;.!&.)!.0!/(&.'#&!,.!-)%&'#/!.0!,(0,.!&.!-(/(-#!./!3(/2(I!+/!/%P6%,(!9!&.!*.J-/#I!.0! *(2%*%.0'(&!-%)-6/#).&4!F!*#9()!-#0'%,#,!,.!3(/2(!#6*.0'#!/#!-#0'%,#,!,.! ).&%&'.0-%#!E/(&.'#!1)<#A4!

! ! ! ! ! !

>%#E'$%(@0()",)4! ! 5/! 3(/2(! .&! (C%,(! ,.! -%0-! #60P6.! -(0'%.0.! $#&'#! 60! ?bq! ,.! (C%,(! ,.! *#70.&%(4! ]#*;%+0! &(0! #7).7#,(&!(')(&!8C%,(&!#!*.06,(!/(&!,.!;%&*6'(!9!&%/%-%(I!.0!3.P6.[#&!3)(3()-%(0.&I!3#)#!*.Q()#)!/#!-#/%,#,! ,./!*#'.)%#/!1)#76#,(!9!3#)#!(;'.0.)!,%&'%0'#&!'(0#/%,#,.&4!]#*;%+0!/.!$#0!&%,(!%0-()3()#,(&!1/6()6)(&I!#!1%0!,.! ')#'#)! ,.!).,6-%)! /#! &(/6;%/%,#,! ,./!.&*#/'.! #,9#-.0'.!9! #&! ! D4 V.*.0'#-%(0.&! F!.&'.!'%3(!&.!/.!.C%7.!60!7)(&()!,.!3./<-6/#!,.!Kk!*%-)#&4! ! DD4 X#)#!;#&.&! 5/!7)(&()!,.!3./<-6/#!36.,.!&.)!*#9()!,.!Nb!*%-)#&4! ! ƒ L#0%36/#-%80>!

X#)#!*.J-/#)! '.0.*(&!P6.! &.3#)#)! ./! 3(/2(! .0! N! 3#)'.&I! ,.&36+&!60#!,.!.&#&! 3#)'.&! ,%2%,%)/#! .0!,(&! 3#)'.&!9!60#!.0!,(&!3#)'.&!*:&4!! X)%*.)(!&.!*.J-/#0!?t?cI!?k!&.760,(&!,.&36+&!./!(')(!?t?cI!?k!&.760,(&!,.&36+&!?tdI!?k!&.760,(&! ,.&36+&! ?tNI! ?k! &.760,(&! ,.&36+&! ./! (')(! ?tNI! 9! ?k! &.760,(&! ,.&36+&! ./! ?tK! ).&'#0'.I! P6.! &.! *.J-/#)#0!$(*(7+0.#*.0'.!-(0!./!/%P6%,(4! ! X#)#!-.*.0'#)!&.!).P6%.).!60#!-(0&%&'.0-%#!-).*(&#!9!3#)#!;#&.!60#!-(0&%&'.0-%#!,.!*%7#Q(0! ! ! ! ! Y%*")'&C%D"*'$%4! ! ! 5&!./!3)%*.)!*#'.)%#/!3#)#!;#&.!-#2%'#)%#!9!-.*.0'(!P6.!'%.0.!60#!&6&'#0-%#/!#,$.&%80!.&3.-%1%-#!#!/#! .&')6-'6)#!,.0'#)%#4! ! ! 5/! 3(/2(! .&! 3)%0-%3#/*.0'.! (C%,(! ,.! -%0-! -(0! 3.P6.[#&! -#0'%,#,.&! ,.! (C%,(! ,.! *#70.&%(4! Z')#! 1()*6/#! %0-/69.! $#&'#! NMq! ,.! #/G*%0#I! /(! P6.! $#! 3.)*%'%,(! (;'.0.)! 60! *#'.)%#/! -(*36.&'(! -(*(! .0! /(&! -.*.0'(&!,.!5gF4! ! ! 5/! :-%,(! 3(/%! #-)! 5/!3(/2(!&.!,%2%,.!.0!N!3#)'.&!P6.!&.!2#0!*.J-/#0,(!-(0!+/!/%P6%,(!3#)'.!3()!3#)'.!$#&'#!(;'.0.)!60#! *.J-/#!,.!*%7#Q(0!-(0!*(2%*%.0'(&!-%)-6/#).&4! ! ! ! ;0.0,$%(O?"&W&B")%4! ! 5/!-.*.0'(!P6%)G)7%-(!.&!./!G0%-(!*#'.)%#/!P6.!.&!6&#,(!.0!1()*#!#*3/%#!.0!-%)67<#!3.)%(,(0'#/4!5&'(&!0(! *(,%1%-#0!.0!&
p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

9%,%.0&%(@0(G+$&0%4!

! 5/! 3(/2(! ,./! 3)(,6-'(! *(,%1%-#,(! &%76.! &%.0,(! 60! 2%,)%(! ,.! #/6*%0%(m&%/%-#'(I! 3.)(! ./! '#*#[(! ,.! 3#)'<-6/#!$#!&%,(!).,6-%,(!#!60!,%:*.')(!3)(*.,%(!,.!?k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m*%C4!X#)#!).-(0&')6%)4! M4 Z;'6)#-%80!,.!/(&.'#&!9!1%&6)#&4! DDD4 V#2%'9!/%0%074!!X#)#!;#&.&!! Z;'6)#-%(0.&!-(0!).&%0#4! D0-)6&'#-%(0.&4! F*#/7#*#&4! ! ƒ L#0%36/#-%80>! =.!*.J-/#!,.!60!&(/(!7(/3.!,.;%+0,(&.!(;'.0.)!60#!-(0&%&'.0-%#!,.!*%Q#7(04!=.!-(/(-#!60#!-#3#!*69! ,./7#,#!.0!/#!-#2%,#,4!! ! ! 5C\0$"G%]( ( ! V(0(-.)!/(&!,%1.).0'.&!'%3(&!,.!-.*.0'(&4! ! F3).0,.)!#!*#0%36/#)!/(&!-.*.0'(&4! ! F3).0,.)!#!-(/(-#)/(&!,.0')(!,.!/#&!-#2%,#,.&!;6-#/.&4! ! 7'$0&"'*I( ( ( "(&.'#!,.!2%,)%(4! ! 5&3:'6/#!3#)#!-.*.0'(&4! ! h6#0'.&4! ! V6;).!;(-#&4! ! ".0'.&4! ! g#'#4! ! V#*3(!,.!')#;#Q(4! ! ?!C!N! ! O%,)8C%,(!,.!-#/-%(4! ! ZC%,(!,.!-%0-!9!.67.0(/4! ! B(&1#'(!,.!-%0-4! ! X(/%-#);(C%/#'(4! ! V.*.0'(!P6%)G)7%-(4! ! D(0(*.)(!,.!2<').(4! =.*%#)-#,#&!,.!#-)
! O%,)8C%,(! ,.! -#/-%(4! "(! -(/(-#*(&! 36)(! .0! ./! '.)-.)! *(/#)! &63.)%()! ,.).-$(! -(*(! ).-6;)%*%.0'(! 36/3#)!9!3#&'#m3#&'#!.0!./!&.760,(!*(/#)!&63.)%()!,.).-$(!-(*(!3).;#&.4! ! 5/!yZ5!'%3(!?!16.!-(/(-#,(!.0!./!3)%*.)!*(/#)!&63.)%()!,.).-$(!-(*(!(;'6)#-%80!3)(2%&%(0#/I!./!'%3(! K! 0(! 16.! -(/(-#,(! .0! 0%0760(I! ./! '%3(! M! 16.! -(/(-#,(! .0! ./! &.760,(! *(/#)! &63.)%()! ,.).-$(! -(*(! ;#&.4! 5/! y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

! ! ! ! ! ! ! ! ! ! ! ! ! ! !

653(;272=S53(12=S-623(

! ! !!!"(&!-.*.0'(&!,.0'#/.&I!#/760(&!&(0!*#'.)%#/.&!,.!).&%&'.0-%#!)./#'%2#*.0'.! ;#Q#I!9!&.!,.&%0'.7)#0!3(-(!#!3(-(!-(0!/(&!1/6%,(&!;6-#/.&I!,.1.-'(&!3()!/(!P6.! 0(!&.!!/.&!-(0&%,.)#!-(*(!*#'.)%#/.&!3#)#!(;'6)#-%(0.&!3.)*#0.0'.&!(! ,.1%0%'%2#&4! !!!h.0.)#/*.0'.!&.!6�!-(*(!*.,%(!-.*.0'#0'.&!3#)#!1%Q#)!).&'#6)#-%(0.&! -(/(-#,#&!(!;#0,#&!()'(,(0'%-#&I!'#*;%+0!-(*(!(;'6)#,().&!,.!-(0,6-'(&! )#,%-6/#).&!9!-(*(!3)('.-'().&!36/3#).&4! ! !!!5Q.*3/(&!,.!-.*.0'(&!'.*3()#/.&>! ?4 V.*.0'(&!,.!(C%,(!,.!J%0-!9!.67.0(/4! K4 B(&1#'(!,.!J%0-4! M4 =%/%-#'(! N4 =%/%-(m1(&1#'(4! k4 X(/%-#);(C%/#'(!,.!J%0-I! c4 O%,)8C%,(!,.!-#/-%(! f4 X(/%*.)(&! d4 H.&%0#&!#-)
!!W6%J:! /#! *:&! ,.&'#-#;/.! P6.! ).#/%J#0! .&! -(*(! ./.*.0'(&! 3#)#! /#! 3)('.--%80! ,./! 8)7#0(! ,.0'%0(36/3#)I! -(*(! *.,%(! 3#)#! /#! 1%Q#-%80! ,.! ).&'#6)#-%(0.&! ,.! %0&.)-%80! )<7%,#! -(*(! /#&! %0-)6&'#-%(0.&4!

! ! ! ! ! ! ! ! ! ! ! ! !

;0.0,$%#(@0(%D"@%(@0(c",)(P(0?B0,%*](

! ! !

!!!5&!60!(;'6)#,()!'.*3()#/!P6.!0(!&.!//.2#!-(0!/#!).&%0#I!.&!%,.#/!3()!&6! .C-./.0'.!&.//#,(!9!#,.*:&!3()!&6!#--%80!&.,#0'.!,./!-(*3/.Q(!,.0'%0(m36/3#)4! !!!5/!(C%,(!,.!J%0-!9!.67.0(/!2%.0.0!.0!,(&!1)#&-(&!60(!3#)#!./!3(/2(!9!(')(! 3#)#!./!/%P6%,(!-(*(!0()*#/.&I!9#!P6.!.C%&'.0!,.!.0,6).-%*%.0'(!):3%,(I!#! .&'(&!&.!/.&!#7).7#!#-.'#'(!,.!J%0-!9!#-.%'.!,.!(/%2#!#/!/%P6%,#4! !!!50!./!'%.*3(!,.!-)%&'#/%J#-%80!&.!1()*#!60#!.67.0(/#'(!,.!J%0-I!9!.0!.&'.! '%.*3(!%0'.)2%.0.!./!'#*#[(!,.!&6&!3#)'<-6/#&I!#&
(

;272=S53(12(>53>-S5(12(b9=;]( ! ! !

!!!V(0&'#0!,.!3(/2(!9!/!6'%/%J#*(&!60#!/(&.'#!,.!-)%&'#/I!60#!.&3:'6/#!,.!#-.)(!%0(C%,#;/.!9! 60!,%&3.)&#,()!P6.!3)(3()-%(0#!.C#-'#*.0'.!/#!-#0'%,#,!,.!3(/2(!-(0!).&3.-'(! #!/#&!7('#&!,.!/%P6%,(4!X#)#!*.J-/#)/(!3(0.*(&!./!3(/2(!.0!60#!/(&.'#!9!/(! ,%2%,%*(&!.0!N!3.P6.[#&!3()-%(0.&!-(/(-#*(&!,.&36+&!./!/%P6%,(4! !!p0#!2.J!-(/(-#,(!./!/%P6%,(!&.!//.2#!$#-%#!./!60#!3.P6.[#!3()-%80!,.!3(/2(!9! -(0!*(2%*%.0'(&!-%)-6/#).&!/#!%0-()3()#*(&4!F!-(0'%06#-%80!60#!2.J!P6.!&.!$#! %0-/6%,(!3.)1.-'#*.0'.!/#!.&3#'6/#-%80!P6.!0(!,.;.!,6)#)!*.0(&!,.!60(!9! *.,%(!*%06'(&4! ! ! ! ! !

V5L5_]Z=!@5!=D"DVF]Z4!

! ! ! !!!=.! 3).&.0'#0! .0! 1()*#! ,.! 3(/2(! 9! /%P6%,(4! 5/! 3(/2(! .&! 3)%0-%3#/*.0'.! ,%8C%,(! ,.! /%/%-.I! #/G*%0#!9!-).(/%'#4!5/!/!

?4 F-%,(!1(&18)%-(! K4 F76#! M4 g611.)&! X#)#!/#!*#0%36/#-%80!,.!.&'(&!-.*.0'(!&.!6'%/%J#!60#!/(&.'#!,.!-)%&'#/!&.-#!9!60#! .&3:'6/#!,.!-)(*(m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`!/#!-(0&%&'.0-%#! #,.-6#,#!,.!60#!*.J-/#!,.!&%/%-#'(!.&!-6#0,(!/#!*.J-/#!0(!&.!#,$%.).!#!60#! 3()-%80!/%*3%#!,.!/#!.&3:'6/#!9!-6#0,(!#/!3).&%(0#)!/#!*.J-/#!-(0!/#!.&3:'6/#!0(! &.!(;&.)2#!P6.!.C36/&#!/%P6%,(4! !!=.!,.;.):!3)(-6)#)!-(/(-#)!./!*#'.)%#/!.0!./!*.0()!06*.)(!3(&%;/.!,.! %0'.0'(&I!3#)#!0(!)(*3.)!/#!.&')6-'6)#!,./!-(*36.&'(4!V(/(-#,(!./!-.*.0'(!.0! -#2%,#,!&.!3).&%(0#!-(0!60#!-%0'#!,.!-./6/(%,.!(!,.!-./(1:0I!3#)#!(;'.0.)!60#! -()).-'#!-(0,.0&#-%80I!#&
;272=S53(12(3969;5R>53>-S53](

! ! ! !!!5&(&! *#'.)%#/.&! &(0! -(*36.&'(&! $<;)%,(&! ,.! -.*.0'(&! ,.! 1(&1#'(! ,.! J%0-! 9! ,.! &%/%-#'(4! 52.0'6#/*.0'.!&.!6'%/%J#0!3#)#!-.*.0'#)!).&'#6)#-%(0.&!9!;#0,#&!()'(,(0'%-#&4!

!!!F/760#&!-#)#-'.)<&'%-#&!1<&%-#&!'#/.&!-(*(!./!'%.*3(!,.!')#;#Q(!./!.&3.&()!,.!/#! 3./<-6/#!&(0!#/7(!%01.)%().&!#!/#!,.!/(&!-.*.0'(&!,.!1(&1#'(!,.!J%0-I!3.)(! ).&3.-'(!#!).&%&'.0-%#!&(/6;%/%,#,!.&!3(&%;/.!P6.!&.#0!&63.)%().&4! 5&'.!'%.*3(!,.!-.*.0'(&!-(0'%.0.0!1/6()6)(&!-#3#&.&!,.!3).2.0%)!/#!-#)%.&4! !!!! !

( ;272=S53(12(Y569;-485[96-S5(12(b9=;](

! ! ! !!!]%.0.0! 7)#0! 3('.0-%#/! #,$.&%2(! #/! '.Q%,(! ,.0'#)%(I! .&! #/'#*.0'.! ;%(-(*3#'%;/.! 9! #0'%-#)%(7+0%-(4!

!!!5/!3(/2(!.&'#!-(*36.&'(!,.!(C%,(!,.!J%0-I!-(0!3.P6.[#&!-#0'%,#,.&!,.!(C%,(! ,.!*#70.&%(!(!,.!(C%,(!,.!.&'#[(I!&.!/.!%0-()3()#!#!&6!2.J!60!1/6()6)(!,.! .&'#[(!P6.!#,.*:&!,.!#6*.0'#)!/#!).&%&'.0-%#!%*3#)'.!60!.1.-'(!#0'%-#)%(7+0%-(4! 5/!/%P6%,(!.&!60#!&(/6-%80!#-6(&#!,.!:-%,(!3(/%#-)
( !9145[915(12(;-6;95](

!!!! !!!! !!!V6#0,(!/#!36/3#!,.0'#)%#!%0.2%'#;/.*.0'.!&.!.C3(0.!,6)#0'.!60#!%0'.)2.0-%80! .0!(3.)#'()%#!,.0'#/I!,.;.*(&!6&#)!-(*(!).-6;)%,()!9!3)('.-'()!36/3#)! $%,)8C%,(!,.!-#/-%(4! 5&'.!-.*.0'(!&.!6'%/%J#!-(0!&6*#!1).-6.0-%#!3#)#!-6;)%)!./!1(0,(!,.!-#2%,#,.&! 3)(160,#&!#60P6.!/#!36/3#!0(!$#9#!&%,(!.C36.&'#4! "#!-(*3(&%-%80!,.!/(&!3)(,6-'(&!-(*.)-%#/.&!.&!2#)%#;/.I!#/760(&!,.!.//(&!&(0! *.)#&!&6&3.0&%(0.&!,.!$%,)8C%,(!,./!-#/-%(!9!.0!#76#!,.&'%/#,#4!

Z')(&!3)(,6-'(&!&.!3).&.0'#0!.0!1()*#!,.!3#&'#&I!&6&!-(*3(0.0'.&!&(0!&#/.&! ,.!&6.)(!$6*#0(I!-/()6)(!,.!-#/-%(!9!;%-#);(0#'(!,.!&(,%(4! V5L5_]Z=!o!XZ"DL5HZ!=5!H5=D_F=!FVHD"DVF=EFp]ZXZ"DL5HDyFg"5=A! ! ! !

!!"(&!-.*.0'(&!,.!).&%0#&!#-)
( ;272=S53(12(95=57245(12(J91495(S9Y5(9](

!!!! ! !!!V(*(!'(,(&!/(&!-.*.0'(&!&6!3).&.0'#-%80!.&!.0!3(/2(!9!/%P6%,(4!5/!3(/2(! -(0'%.0.!(C%,(!,.!&%/%-%(I!(C%,(!,.!#/6*%0%(!9!1/6()6)(!,.!-#/-%(`!./!!/%P6%,(I! -(0'%.0.!.0!&(/6-%80!#-6(&#!./!kbq!,.!:-%,(!3(/%#-)
! ! ! ! !

^_@DV5!@5!X"FVF!@5_]ZgFV]5HDF_F!ED4X4@4gA! ! ! ! ! 2G'*?')"A,((@0(*'(F*')']( ( ( O#9!*6-$(&!<0,%-.&!3#)#!*.,%)!/#!3/#-#I!*%,.0!#A!/#!3).&.0-%#!,.!3/#-#!.0!/(&!,%.0'.&!! (! ;A! /#! -#0'%,#,! ,.! 3/#-#! #-6*6/#,#! &(;).! /(&! ,%.0'.&4! 50! -6#/P6%.)#! ,.! /(&! -#&(&! .&! %*3).&-%0,%;/.!./!6&(!,.!-(*36.&'(&!)./.2#0'.&!3#)#!2(/2.)!2%&%;/.!/#!3/#-#4! ! ! 2G'*?')"A,(@0(*'(F&0#0,)"'(@0(F*')'(@0(+,@")0(5u60'&P]( ( ( "#! 1%-$#! 6'%/%J#,#! 3.)*%'.! /#! -(*3#)#-%80! ,.! ').&! .2#/6#-%(0.&! &6-.&%2#&! ,.! 3/#-#! 9! )#,(4!50!.&'#!1%-$#!-#,#!,%.0'.!.&':!,%2%,%,(!.0!N!&.-'().&I!P6.!-()).&3(0,.0!#!&6&!-#)#&! *.&%#/I!2.&'%;6/#)I!,%&'#/!9!/%076#/4!p0#!2.J!P6.!./!3#-%.0'.!).-%;.!./!-(*36.&'(!)./.2#0'.I!&.! #0('#0!/(&!).&6/'#,(&4!"#&!-#)#&!*.&%#/!9!,%&'#/!&.!).2%�!,(&!2.-.&>!60#!,6)#0'.!/#!.2#/6#-%80! ,.!/#&!-#)#&!2.&'%;6/#).&!9!60#!&.760,#!2.J!-6#0,(!&.!.2#/G.!/#!-#)#!/%076#/4! ! 5/!360'#Q.!1%0#/!&.!,.'.)*%0#!-(0'#0,(!./!0G*.)(!'('#/!,.!-#)#&!-(0!3/#-#I!,%2%,%.0,(! .&'.!0G*.)(!3()!/#!-#0'%,#,!'('#/!,.!-#)#&!3).&.0'.&!.0!/#!;(-#!9!*6/'%3/%-#0,(!3()!?bb4!5&'.! 360'#Q.!-6#0,(!&.!-(*3#)#!-(0!(')(&!(;'.0%,(&!#0'.)%()*.0'.I!3)(2..!60!*+'(,(!3#)#!P6.! ./!3#-%.0'.!).-(0(J-#!&6!.2(/6-%804! ! ! ?='%&')*7,!-/!%'!)',1*-'-!-/!<%')'!<./(/,1/"! ! ! L+'(,(!,.&#))(//#,(!3()!=%/0.&&!9!"Ñ.!*%,.!/#!-#0'%,#,!,.!3/#-#!,.3(&%'#,#!&(;).!/#! &63.)1%-%.!,.!'(,(&!/(&!,%.0'.&!3).&.0'.&!.0!/#!;(-#!,.!#-6.),(!-(0!/(&!&%76%.0'.&!-)%'.)%(&>! ! ! ! !

Y?,$'\0( ;&"$0&"%#( b! ?!

_(!$#9!3/#-#!.0!/#!J(0#!7%07%2#/4! p0#!3/#-#!P6.!&.!#,$%.).!#/!*#)7.0!7%07%2#/!/%;).!9!#!/#!J(0#!#,9#-.0'.! ,./!,%.0'.4! K! F-6*6/#-%80!*(,.)#,#!,.!,.38&%'(&!;/#0,(&!,.0')(!,.!/#!;(/&#! 7%07%2#/I!9t(!#,9#-.0'.!#!/#!&63.)1%-%.!,.0'#)%#4! M! F;60,#0-%#!,./!*#'.)%#/!;/#0,(!,.0')(!,.!/#!;(/&#!7%07%2#/!9t(!&(;).! ./!*#)7.0!7%07%2#/!9!/#!&63.)1%-%.!,.0'#)%#!#,9#-.0'.4! ! ! 5&'.!3)(-.,%*%.0'(!,#!60!360'#Q.!#!-#,#!60#!,.!/#&!-6#')(!60%,#,.&!7%07%2#/.&!,.!/(&! ,%.0'.&!E2.&'%;6/#)I!/%076#/I!*.&%#/!9!,%&'#/A!P6.!(&-%/#!.0').!b!9!M`!.&'.!.&!./!<0,%-.!,.!3/#-#!

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Ñ.!-(0!./!(;Q.'(!,.!(;'.0.)!60#!/<0.#!,.!;#&.!3#)#!/#&! -(*3#)#-%(0.&! 16'6)#&I! 9! -(*(! ./.*.0'(! .,6-#-%(0#/! 3#)#! ./! 3#-%.0'.4! @.&36+&! &.! .*3/.#! 60!<0,%-.!,.!3/#-#!&%*3/%1%-#,(I!./!,.!D4X4mc4!"(&!360'#Q.&!,.!/#!3/#-#!&.!).7%&')#0!&8/(!3#)#!/(&! c! ,%.0'.&! E7.0.)#/*.0'.! 60! 3#)! ,.! *(/#).&! &63.)%().&I! %0-%&%2(&! %01.)%().&! 9! *(/#).&! %01.)%().&A! P6.! '62%.)(0! ./! <0,%-.! *:&! #/'(! .0! ./! .C#*.0! %0%-%#/4! ]('#/%J#0! .0'(0-.&! /(&! 360'#Q.&!,.!.&'(&!c!,%.0'.&!9!(;'%.0.0!60!0G*.)(!.0'.)(!.0!/67#)!,.!/#&!1)#--%(0.&!,.-%*#/.&! P6.!#3#).-.0!-6#0,(!&.!.*3/.#!./!<0,%-.!()%7%0#/!,.!=%/0.&&!9!"Ñ.4!Z&')(*!9!-(/!#3/%-#0!/(&! *%&*(&!-)%'.)%(&!7.0.)#/.&4! ! V/<0%-#*.0'.! 3)(2..0! /#! *%&*#! %01()*#-%80! ,#,(! P6.! /#! -#0'%,#,! ,.! 3/#-#! 9! ./! 0G*.)(! ,.! &63.)1%-%.&! ,.0'#)%#&! -6;%.)'#&! 3()! .//#! .&':0! )./#-%(0#,#&! 3(&%'%2#*.0'.! 9! /#! $.*())#7%#!,./!&6)-(!.&!60(!,.!/(&!3)%*.)(&!&%70(&!,.!%01/#*#-%80!7%07%2#/4! ! L('%2#-%(0#/*.0'.I! /(! P6.! %*3()'#! .&! P6.! &.! ).7%&').0! /(&! 360'#Q.&! ,.! *#0.)#! P6.! %0'.0'.! //.7#)! #! 2#/().&! -.)(4! @.&,.! ./! 360'(! ,.! 2%&'#! ,.! /#! .2#/6#-%80I! /(&! 360'#Q.&! ,.-).-%.0'.&!).1/.Q#0!/#!-#3#-%,#,!,./!3#-%.0'.!3#)#!/(7)#)!60!;6.0!-(0')(/!,.!3/#-#!9!6&(!,./! $%/(4! =%! /(&! 360'#Q.&! &.! *#0'%.0.0! .&'#-%(0#)%(&I! 36,.! $#;.)! (-6))%,(! 60#! ,.! ,(&! -(&#&>! ?A! P6.! /(&! (;Q.'%2(&! 9! ,%).--%(0.&! ,./! 3)(7)#*#! 0(! $#9#0! &%,(! -/#)(&! 9! 0.-.&%'.0! &.)! *(,%1%-#,(&I!(!KA!./!3#-%.0'.!$#!#/-#0J#,(!&6!/<*%'.!9!0(!36.,.!(;'.0.)&.!*:&!3)(7).&(!0(! %*3()'#!-6#0'(!.&16.)J(!&.!/.!,.,%P6.4! ! ! #2,1.2%!3/)F,*)2!-/!%'!<%')'"! ! ! @.! /(&! 2#)%(&! *+'(,(&! -(0! P6.! 36.,.! -(0! P6.! 36.,.! -(0')(/#)&.! /#! 3/#-#I! ./! *:&! .1.-'%2(!.0!./!*(*.0'(!#-'6#/!.&!&6!).*(-%80!*.-:0%-#!3()!*.,%(!,./!-.3%//(!,.!,%.0'.&I!./! $%/(! ,.0'#/! 9! #/760(&! -(#,962#0'.&`! &%0! .*;#)7(! .&'(&! 3)(-.,%*%.0'(&! '%.0.0! &6&! /%*%'#-%(0.&4!X#)#!./!3#-%.0'.!;%.0!*('%2#,(!9!-()).-'#*.0'.!%0&')6%,(!P6.!,.&.#!%02.)'%)!./! '%.*3(!9!./!.&16.)J(!0.-.&#)%(&I!/#&!*.,%,#&!*.-:0%-#&!&(0!.1.-'%2#&!.0!./!-(0')(/!,.!/#!3/#-#4! !!!!!!!!!!!"(&!3)(-.,%*%.0'(&!*.-:0%-(&!36.,.0!0(!(1).-.)!60#!&(/6-%80!-(*3/.'#!#/!3)(;/.*#! ,.! /#! 3).2.0-%80! ,.! /#! 3/#-#4! F&
'.0.)&.!-6%,#,(!-(0!/#!%*3/%-#-%80!,.!P6.!/#!3/#-#!).3).&.0'#!60#!1#/'#!,.!-6%,#,(!3.)&(0#/!9! ,.!$%7%.0.4!5/!-(0')(/!,.!3/#-#!,.;.!).#/%J#)&.!&%76%.0,(!/#&!3#6'#&>! ! ?4m!F/%2%#)!/#!#0&%.,#,!,./!3#-%.0'.4! ! K4m!@.'.)*%0#)!/#&!0.-.&%,#,.&!.,6-#-%(0#/.&!,./!3#-%.0'.4! ! M4m!O#-.)!P6.!./!3#-%.0'.!).-(0(J-#!9!.C3).&.!&6&!3)(3%#&!0.-.&%,#,.&4! ! N4m!H./#-%(0#)!/#&!0.-.&%,#,.&!,.0'#/.&!-(0!/#&!3&%-(/87%-#&4! ! k4m5&'%*6/#)!/#!*('%2#-%804! ! c4m!5&'#;/.-.)!(;Q.'%2(&!#!/#)7(!9!-()'(!3/#J(4! ! f4m!V(*.0J#)!/#!#--%804! ! d4m52#/6#)!/(&!).&6/'#,(&4! ! ! D_]5_=D@F@!@5!FB5V]FVDÇ_!! ! ! p0#! #3)(C%*#-%80! *:&! 3)(160,#! #/! -(0(-%*%.0'(! ,./! 3)(;/.*#! ,.! /#! -#)%.&! ,.0'#/! -(0&%&'.!.0!2#/()#)!/#!%0'.0&%,#,!,.!#1.-'#-%80!,.!/#!3(;/#-%804! ! X(,.*(&! 6'%/%J#)I! 3#)#! .//(I! -(*(! 60%,#,.&! ,.! *.,%,#! /#! 3%.J#! (! /#&! &63.)1%-%.&! ,.0'#/.&4!=%!.*3/.#*(&!-(*(!60%,#,!,.!*.,%,#!/#!3%.J#!,.0'#/I!/(!P6.!2#*(&!#!,.'.)*%0#)! .&!./!3)(*.,%(!,.!3%.J#&!#1.-'#,#&!3()!%0,%2%,6(4!! ! X#)#! .2#/6#)! /#! #1.--%80! 3()! -#)%.&! ,.! /#! ,.0'%-%80! ,.1%0%'%2#! &.! .*3/.#! ,.&,.! ?nMd! EÅ/.%0I!X#/*.)!9!Å06'&(0A!./!<0,%-.!VFZ!(!VFZ!E@A4! ! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!X%.J#&!,.1%0%'%2#&!-#)%#,#&!Ö!#6&.0'.&!Ö!(;'6)#,#&! ! ^0,%-.!VFZ!Ümmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm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Ö!(;'6)#,#&! ! ^0,%-.!-(!Ü!!mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!]('#/!,.!%0,%2%,6(&!).-(0(-%,(&4! ! ! 50! ./! 7)63(! .'#)%(! ,.! cm?N! #[(&I! P6.! '%.0.0! ,.0'%-%80! *%C'#I! 3(,.*(&! 6'%/%J#)! ./! <0,%-.! VFZm-(I! P6.! 0(&! 3.)*%'.! -(0(-.)! /#! %0'.0&%,#,! ).#/! ,.! #1.-'#-%80! 3()! -#)%.&! E3)(*.,%(!,.!3%.J#&!'#0'(!'.*3()#/.&!-(*(!,.1%0%'%2#&!#1.-'#,#&!3()!%0,%2%,6(4! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!X%J#&! ,1%0%'%2#&! E-#)%#,#&! Ö! #6&.0'.&! Ö! (;'6)#,#&! Ö! 3%.J#&! '.*3()#/.&!E-#)%#,#&!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Ö(;'6)#,#&A4! ! ^0,%-.!VFZm-(Ü!mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm mmmmmmmmmmmm! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!]('#/!,.!%0,%2%,6(&!).-(0(-%,(&4!

! ! =6!%*3()'#0-%#!)#,%-#!.0!P6.!*%,.!/#!%0'.0&%,#,!).#/!,.!#1.-'#-%80!,.!/#!3(;/#-%804! ! "#!ZL=!6'%/%J#!./!VFZ!E@AI!-(*(!./!%0,%-#,()!,.!-(*3#)#-%80!,./!.&'#,(!,.!&#/6,! ,.0'#/!.0').!3(;/#-%(0.&!,%&'%0'#&I!,.1%0%.0,(!./!2#/()!*.0()!,.!M!-(*(!*.'#!#!#/-#0J#)!.0!./! #[(!Kbbb!.0!./!7)63(!,.!?K!#[(&!,.!.,#,4! ! 5/! <0,%-.! VFZI! VFZm-(! 9! -(! .0! &%! 0(! &%)2.0! 3#)#! -(0(-.)! /#&! 0.-.&%,#,.&! ,.! ')#'#*%.0'(I! 0%! 3#)#! 2#/()#)! ./! '%3(! ,.! ')#'#*%.0'(! 9#! ).#/%J#,(4! F&
! ! ! ! ! ! !

7'$0&"'*0#(@0(&0#$'?&')"A,(F%*".^&")%#(

! -] -F*")')"%,0#(0,(%@%,$%*%B+']( ! H.&'#6)#-%80!,.!,%.0'.&!-#)%#,(&I!%0-%&%2(&!1)#-'6)#,(&I!-#2%,#,.&!3()!.)(&%80!9!,%.0'.&!*69! 3%7*.0'#,(&4! ! 8] ;%.F%#")"A,]( ! M](S"F%#]!O#9!,(&!3)%0-%3#/.&!,.!*#'.)%#/.&!,.!).&'#6)#-%80!3(/%*+)%-(&>!/#&!).&%0#&!#-)!/#&!).&%0#&!#-)
! ! ! ! Q](3"#$0.'#(@"#F%,"C*0#]( #A R).+%*)2(!<'.'!251&.')*7,!-*./)1'"!=.!&6*%0%&')#0!-(*(!60!&%&'.*#!,.!3(/2(!9!/!! %4 @(&!3#&'#&4!p0#!-(0'%.0.!./!-#'#/%J#,()!9!/#!(')#!./!#-'%2#,()4!\&'#&!&(0!1:-%/.&!,.! *.J-/#)4! %%4 =%&'.*#!,.!3#&'#!9!/! ./! 3(/2(! -(0'%.0.!./!-#'#/%J#,()!9!60!).//.0(4! %24 50-#3&6/#,(4!"#!-:3&6/#!-(0'%.0.!60!/
%%%4

%24

24

2%4 2%%4 2%%%4

%C4

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�!#-'%2#,().&!,.! ,%-.'(0#!E3()!.Q4I!B('(1%/A4! F-./.)#,()4!5&!60#!#*%0#!#)(*:'%-#!'.)-%#)%#!(!60!-(*36.&'(!&%*%/#)!P6.!).,6-.! P6<*%-#*.0'.!/#!2%,#!*.,%#!,./!3.)8C%,(!()7:0%-(!#!'.*3.)#'6)#!;6-#/4! D0$%;%,().&4! "#&! P6%0(0#&! E3()! .Q4I! /#! $%,)(P6%0(0#A! #6*.0'#0! /#! 2%,#! G'%/! %*3%,%.0,(!/#!3(/%*.)%J#-%80!.&3(0':0.#4! x-%,(! *.'#-)
! ;] 7',"F?*')"A,]( ! 9] 9,#0&)"A,]!"#!%0&.)-%80!,.!/#&!).&%0#&!-(*;%0#,#&!).P6%.).!-%.)'#&!3).-#6-%(0.&4! ! #A R(*%')*7,"!5/!#%).!9!/#!$6*.,#,!%0$%;.0!/#!3(/%*.)%J#-%80!3()!#,%-%80!,.!/(&!*.'#-)%/#'(&4! "#!-#2%,#,!,.;.!*#0'.0.)&.!&.-#4!p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

&63.)1%-%.!*:&!/%&#!/#!3)(2..0!/(&!,%&-(&!,.!-#);6)(!,.!&%/%-%(4!Y+#&.!.0!./!-#3<'6/(!Kf!60#! -(*3#)#-%80!,.!/(&!*+'(,(&!,.!#-#;#,(4! ,A R*(%')*7,! -/! %'! )'=*-'-"! "(&! *#'.)%#/.&! #! ;#&.! ,.! ).&%0#&! -(*;%0#,#&! &(0! 3('.0-%#/*.0'.! %))%'#0'.&! 3#)#! /#! 36/3#! ,.0'#/4! =.! ).-(*%.0,#! $#-.)! 60#! 3)('.--%80! #! /#&! -#2%,#,.&! 3)(160,#&! 9! &.//#)! #! /#&! 3(-(! 3)(160,#&! -(0! 60! ;#)0%J! -#2%'#)%(4! O#9! P6.! .2%'#)! /(&! -(*36.&'(&!,.!.67.0(/4! ! Q](40#",'#()%.C",'@'#()%,(B&'C'@%(H)"@%]! X6.,.! /(7)#)&.! 60#! ;6.0#! 60%80! *.-:0%-#! ,.! 60! *#'.)%#/! #! ;#&.! ,.! ).&%0#&! -(*;%0#,#&! #/! .&*#/'.! &%! +&'.! &.! 7)#;#! 3)%*.)(! -(0! 60#! &(/6-%80! #/! kbq! ,.! :-%,(! 1(&18)%-(! ,6)#0'.! Mb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g%&mhLF4!5/!g%&mhLF!.&!60!3('.0-%#/!%))%'#0'.!-(*(!/(!&(0! /#&! #*%0#&! 9! (')(&! #,%'%2(&! .*3/.#,(&! .0! /#&! ).&%0#&! -(*;%0#,#&4! 5&! 0.-.&#)%(! 60! 3%&(! 3)('.-'()!.0!/#&!-#2%,#,.&!3)(160,#&!9!,.;.!6&#)&.!60!;#)0%J!.0!/#&!&63.)1%-%.&4!

! 30**'@%&0#(@0(F?,$%#(P(E"#?&'#]( ( -] -F*")')"%,0#(0,(%@%,$%*%B+']( =.//#,(! 3)(1%/:-'%-(! ,.! 360'(&! 9! 1%&6)#&! .0! *(/#).&! ).-%.0'.*.0'.! .)63-%(0#,(&>! #3/%-#-%80! '83%-#!,.!1/6()6)(&4! ! 8] ;%.F%#")"A,]( X6.,.0!$#-.)&.!,(&!7)#0,.&!,%2%&%(0.&>! ( M] 30**'@%&0#(@0(F?,$%#(P(E"#?&'#]!\&'(&!&.!;#�!.0!,%*.'#-)%/#'(&!#)(*:'%-(&!-((*!/(&! P6.!&.!.*3/.#0!.0!/(&!*#'.)%#/.&!,.!(;'6)#-%80!#!;#&.!,.!).&%0#&!-(*;%0#,#&4! Q] -B0,$0#(E*?%&?&',$0#]!=.!;#�!.0!6).'#0(&!$%,)81%/(&4!V(0'%.0.0!1/6()6)(&!-#3#-.&!,.! &.)!.C')#<,(&!%0!&%'64! "(&!&.//#,().&!,.!360'(&!9!1%&6)#&!&.!2.0,.0!.0!#2%(&!-(*36.&'(&!3()>! ! M] -)%,@")"%,'@%&0#(F'&'(0*(0#.'*$0]!5&!60!7)#;#,()!:-%,(I!.&!,.-%)!60#!&(/6-%80!#/!kbq! ,.!:-%,(!1(&18)%-(!(!,.!:-%,(!-<')%-(4!X6.,.!3)(2..)&.!60!#7.0'.!&.-#,()!-(*;%0#,(!-(0! 60!#7.0'.!,.!60%804!EX()!.Q4I!#-.'(0#&!9!2%&%/&%/#0(A4! ( Q] 3"#$0.'#(@0(&0#",'#]! #A H.&%0#!-69#!3/%*.)%J#-%80!.&!%0%-%#,#!3()!/6J!6/')#2%(/.'#4!=.!&6*%0%&')#!.0!1()*#!,.! ,(&!/! %4 "! %4 "
"(&!,(&!/! ! M] 5/!7)#;#,(!,./!.&*#/'.4! Q] p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�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

! 2] 2E0)$%#(C"%*AB")%#]( ( M] /&'C'@%&]!5/!:-%,(!1(&18)%-(!#'#-#!/(&!'.Q%,(&!;/#0,(&!,.!/#!;(-#4!O#9!P6.!'.0.)! -6%,#,(!,6)#0'.!./!7)#;#,(!9!3)('.7.)!/(&!(Q(&!,./!3#-%.0'.4! Q] 3"#$0.'( @0( &0#",']! 52%'#)! ./! -(0'#-'(! -(0! /#&! *#0(&! 9! /#! *6-(&#! 9#! P6.! .&! 3('.0-%#/*.'0.!%))%'#0'.!3#)#!/#!3%./4! U] 6?c( ?*$&'G"%*0$']! =.! $#! $#//#,(! P6.! #/760#&! /:*3#)#&! '%.0.0! 60#! 167#! ,.! )#,%#-%80! 6/')#2%(/.'#4! \&'#! 36.,.! P6.*#)! /#! 3%./! 9I! /(&! (Q(&! '#0'(! ,./! 3#-%.0'.! -(*(!,./!3)(1.&%(0#/4! ! ! ! Xp"XZ]ZL^F! ! ! h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`!1#-'().&!,.! #7).&%80>! ;#-'.)%#0(&I! P6<*%-(&I! ')#6*:'%-(&I! #-./.)#0! /#! 1()*#-%80! ,.! ,.0'%0#! ).3#)#'%2#I! ,%&*%069.0,(! /(&! 2(/G*.0.&! ,.! /#! -:*#)#! -()(0#)%#I! ,.! /(&! -(0,6-'(&! )#,%-6/#).&! 9! /(&! 1():*.0.&! #3%-#/.&I! 3)(,6-%+0,(&.! 60#! ,%&*%06-%80! ,./! #3()'.! L<0.(I! -(0! /#! -(0&.-6.0'.! ,%&*%06-%80! ,.! /#! -#3#-%,#,! ,.! ).#--%80! 36/3#)4! "#&! -+/6/#&! ,./! 3#)+0P6%*#! 36/3#)! .0! .&'#&! -(0,%-%(0.&! '%.0,.0! #! ,.#).-.)! 3)(,6-%.0,(! 60#! 1%;)(&%&! ,./! '.Q%,(! P6.! %*3%,.!/#!).3#)#-%80!,.!/#!36/3#4! ! L%.0')#&! *#9()! .&! ./! '%.*3(! ,.! -(0'#-'(! ,.! /#! 36/3#! -(0! ./! *.,%(! ;6-#/I! #6*.0'#! /#! 3(&%;%/%,#,!,.!3)(/%1.)#-%80!,.!;#-'.)%#&!#/!%0'.)%()!,./!3#P6.'.!2:&-6/(!0.)2%(&(!-#6�,(!60! .1.-'(! %01/#*#'()%(! P6.! ,.&.*;(-#):! 3(&'.)%()*.0'.! .0! /#! /%&%&! ,.! .&'.! '.Q%,(4! "#&! /.&%(0.&! P6.!'%.0.0!&6!.'%(/(7<#!.0!#--%,.0'.&!(3.)#'()%(&!(!')#6*#'%&*(&!'%.0.0!60!*.Q()!3)(08&'%-(! P6.!/(&!3)(;/.*#&!,.!#&-.0,.0-%#!;#-'.)%#0#!.0!/#&!/.&%(0.&!,.!,.&*%0.)#/%J#-%80!,.!.&*#/'.! 9!,.0'%0#4! !

F0'.! /#&! %0Q6)%#&! ,.! -6#/P6%.)! .'%(/(7<#I! ./! 3#P6.'.! 2:&-6/(! 0.)2%(&(! %0%-%#! &6! ,.1.0&#I! %01/#*:0,(&.4!5&'#!).#--%80!%0%-%#/*.0'.!.&!/(-#/!9!-%)-60&-)%'#I!&%!0(!&.!./%*%0#!./!.&'<*6/(I! ./! *.-#0%&*(! %01/#*#'()%(! -(0'%06#! ,.&')69.0,(! .0! 1()*#! /.0'#! 9! -(0'%06#! /#! 36/3#4! 50! .&'#&!-(0,%-%(0.&!/#&!36/3%'%&!#&! 3:0-).#&I! $<7#,(I! 36/*(0.&! .0').! (')(&I! .0! ,(0,.! &.! #-6*6/#0`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

! 5YF"p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

! ! ! ! !

Zg|5]DYZ=! ! ?4 V(0(-.):! /#&! %0&'#/#-%(0.&I! *#'.)%#/! 9! .P6%3(! ;:&%-(! 3#)#! ./! /#;()#'()%(! ,.! %0&')6*.0'#-%804! K4 V(0(-.):!/#!-/#&%1%-#-%80!,./!*#'.)%#/!9!.P6%3(!,.!/#;()#'()%(4! M4 V(0(-.):!/#!160-%80!9!6&(!,./!*#'.)%#/!9!.P6%3(!,./!/#;()#'()%(4! N4 @%&'%076%):!/#&!-#)#-'.)<&'%-#&!,./!.P6%3(!,./!/#;()#'()%(4! ! ! !D0')(,6--%80>! ! !5/! -(0(-%*%.0'(! ,./! *#'.)%#/! ,.! 2%,)%(I! -(*(! ./! ,.! /(&! #3#)#'(&! 9! *#'.)%#/.&! ,.! *.'#/I! 3()-./#0#I! .'-444! %0-/69.0! 60! *#0.Q(I! -6%,#,(&I! 6&(! 9! #3/%-#-%80! P6.! &(0! %*3()'#0'.&! .0! '(,(&!/(&!0%2./.&I!.&!,.-%)!'#*;%+0!.0!./!06.&')(!P6.!.&!./!-#*3(!3)(1.&%(0#/4!"#!%01()*#-%80! &%76%.0'.! .&'#! ).&6*%,#! &(/(! 3#)#! #-'6#)! -(*(! 360'(! ,.! #3(9(! .0! ./! #3).0,%J#Q.! ,.! /#! *#'.)%#4!X.)(!0(&!.01(-#).*(&!&(/(!#/!*#'.)%#/!,.!2%,)%(!P6.!16.!).P6.)%,(!3()!./!3)(1.&()! ,.!/#!*#'.)%#4! 5&!(;2%#!/#!%*3()'#0-%#!P6.!'%.0.!./!-(0(-%*%.0'(!,./!%0&')6*.0'#,/.!/#;()#'()%(I!36.&!.&!/#! $.))#*%.0'#!,.!')#;#Q(4!F&! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

! ! ! ! ! ! ! ! ! F/760#&!).7/#&!,.!/#;()#'()%(!&(0>! ! @.;.0! .&'#)! ;%.0! ,('#,(&I! '.0.)! #*3/%'6,I! 2.0'%/#-%80I! 9! ;6.0#! %/6*%0#-%80I! /(! P6.! 3)(3()-%(0#!60!')#;#Q(!*:&!.1%-#JI!):3%,(!9!-8*(,(4! =.!,.;.!,%&3(0.)!,.!2%')%0#!,.!7#&.&!9!,%&3(&%'%2(&!,.!&.76)%,#,4! "#&!'6;.)<#&!,.;.0!,.!&.)!-(/()!#*#)%//(!&%!-(0,6-.0!7#&I!2.),.!&%!-(0,6-.!#76#I!#J6/m#%).!#! 3).&%80I!)(Q(m2#3()I!7)%&m!'6;.)<#&!,.!2#-<(4! ! =.!,.;.!#-'6#)!-(0!3).-#6-%80!9!3.0�,(!G0%-#*.0'.!.0!/#!3)(3%#!&.76)%,#,I!&%0(!'#*;%+0! .0!#P6.//(&!P6.!0(&!)(,.#04! ! m_(!16*#)>!9#!P6.!36.,.!&6)7%)!60#!.C3/(&%804! m_(!-(*.)!0%!;.;.)! m=6&'#0-%#&! '8C%-#&>! ])#'#)/#&! -(*(! '#/.&I! 3()! .Q.*3/(! ./! *.)-6)%(! P6.! .&! 60! 2.0.0(! #-6*6/#'%2(! &.! ,.;.! '.0.)! *6-$(! -6%,#,(! #/! *#0.Q#)/(I! 3#)#! .2%'#)! P6.! &#/3%P6.4! 52%'#)! /#! %0$#/#-%80! ,.! &6&'#0-%#&! '(C%-#&! .0! 3(/2(4! V(0! /(&! 7#&.&! '8C%-(&! 6&#)! -#).'#&! 9! -6#0,(! &.! 3)(,6J-#!60#!&.!$#)#!.0!60#!2%')%0#!-(0!;6.0#!.C')#--%804! m])#;#Q#)!&%0!3)%&#&4! m])#;#Q#)!-(0!3)6,.0-%#!9!-(0!;6.0#!/87%-#4! m5/!16.7(!,.!/! - @.!&%/%-#'(!E(),%0#)%(&!9!.&3.-%#/.&A4!! - @.!-6#)J(! - F0#/<'%-(&!E!,.!1(&1#'(!(!;()#'(A4!! - ZC%,(!,.!3/(*(!E3)('.7.!/#&!)#,%#-%(0.&A! ! !F/760#&!3)(3%.,#,.&!.0!7)#0,.&!)#&7(&!&(0>! !! - Y%,)%(!;/#0,(!(!#!/#!-#/>!V(*3(&%-%80!2#)%#;/.!9!&.0&%;/.!#!/#&!2#)%#-%(0.&!;)6&-#&!,.! '.*3.)#'6)#4! - Y%,)%(!,.!#/'(!-(0'.0%,(!,.!&!H.&%&'.0'.!#!/(&!-#*;%(&!;)6&-(&!,.!'.*3.)#'6)#I! &6!'.*3.)#'6)#!*:C%*#!.&!,.!?bbbeV4!

-

V6#)J(! 160,%,(>! 5C-./.0'.! ).&%&'.0-%#! #! /(&! -#*;%(&! ;)6&-(&! ,.! ].*34I! *:C%*#! ?bkbeVI!%0.)'.!1).0'.!#!/(&!#/87.0(&4! Y%,)%(!).&%&'.0'.!#!/(&!:/-#/%&>!=.0&%;/.!#/!-#*;%(!,.!'.*3.)#'6)#!9!.&'#!-#&%!.C.0'(!,.! ;()(4! Y%,)%(! ;()(! &%/%-#'(>! H.&%&'.0'.! #! /(&! -#*;%(&! ,.! '.*3.)#'6)#! %0'.)*.,%(&! *:C%*(! ?kbeVI!./!*:&!.*3/.#,(!3#)#!')#;#Q(!#0#/<'%-(4!

! !5/!2%,)%(!*:&!.*3/.#,(!.0!./!/#;()#'()%(!.&!./!'%3(!X%).C!E2%,)%(!;()(&%/%-#'(A4! ! ?4m! B)#&-(! H.#-'%2(>! H.-%3%.0'.! ,.! 2%,)%(! ,.! ,%1.).0'.&! 1()*#&! 9! '#*#[(I! -(0! '#380! .&*.)%/#,(!(!,.!!!!!;#P6./%'#I!,.!-(/()!')#0&3#).0'.!(!:*;#)4! ! K4m!1)#&-(!7('.)(>!H.-%3%.0'.!,.!2%,)%(!-(/()!:*;#)!-(0!'#380!.&*.)%/#,(!-(0!;6/;(!-('.)&!E! 36.,.!&.)!,.!3/:&'%-(!A! ! M4m! L#')#J! ;#/80! 1(0,(! 3/#0(>! H.-%3%.0'.! ,.! -6.//(! /#)7(! 9! -6.)3(! .&1+)%-(I! -(0! ./! 1(0,(! 3/#0(!P6.!/.!,#!*#9()!.&'#;%/%,#,4! ! N4m! X)(;.'#>! ]6;(! -%/<0,)%-(! ,.! 2%,)%(I! ;#&.! ()-6/#)I! $.C#7(0#/! 6! (-'#7(0#/I! &.! 6'%/%J#! 3#)#! *.,%)!2(/G*.0.&!.0!1()*#!-#&%!.C#-'#4! ! k4m!g6).'#&>!]6;(!,.!2%,)%(!,.!,%:*.')(!-(0&'#0'.!#!!/(!/#)7(!,.!&6!7)#,6#-%80I!3).&.0'#!60#! //#2.!,.!3#&(!3#)#!).76/#)!/#!&#/%,#!,./!/!V(0&'#!,.!60!-6.)3(!.0!1()*#!,.!3.)#!P6.!-(0'%06#!-(0! 60!'6;(!-%/<0,)%-(!/#)7(!.0!,(0,.!'%.0.!60#!*#)-#!E#1()(AI!/#!3#)'.!&63.)%()!,./!-6.//(!36.,.! (!0(!&.)!.&*.)%/#,#4!=.!6'%/%J#0!.0!/#!3).3#)#-%80!,.!&(/6-%(0.&!2#/()#,#&4! ! f4m!X%3.'#&!7)#,6#,#&>!V%/%0,)(&!,.!2%,)%(!9!'.)*%0#,(&!.0!360'#!P6.!&.!6'%/%J#0!3#)#!*.,%)! ,%1.).0'.&!2(/G*.0.&!.C#-'(&4! ! d4m! X%3.'#! #1()#,#! (! 2(/6*+')%-#>! ]6;(&! -%/<0,)%-(&! ,.! ,%:*.')(! 3.P6.[(! P6.! &.! .0�-$#! 1()*#0,(!60!;6/;(!(!#*3(//#I!&6!.C').*(!%01.)%()!'.)*%0#!.0!360'#!9!./!&63.)%()!(!*#9()! 3).&.0'#! 60#! *#)-#! (! #1()(I! &(0! ,.! ,%1.).0'.&! -#3#-%,#,.&I! &.! 6'%/%J#0! 3#)#! *.,%)! 60! ,.'.)*%0#,(!2(/6*.04! ! n4m!5*;6,(!&.0-%//(!,.!2%,)%(>!@.!1()*#!-80%-#!,.!'#//(!/#)7(!(!-()'(I!360'#!;%&./#,#!9!&6! 1%/')#-%80!.&!/.0'#4! ! ?b4m!5*;6,(!,.!&.3#)#-%80!,.!2%,)%(>!-6.)3(!P6.!36.,.!&.)!7/(;(&(!-%/<0,)%-(I!.0!1()*#!,.! 3.)#I!.'-4I!&.!-(0'%06#!-(0!60#!//#2.!,.!3#&(!P6.!-(0')(/#!/#!&#/%,#!,.!/!V(0&'#!,.!60#!#*3(//#!,.!2%,)%(!,.!3#).,.&!,./7#,#&I!-(0!'#//(! /#)7(I!&.!6'%/%J#!3#)#!.2%'#)!/#&!.C3/(&%(0.&!,.;%,(!#/!.C-.&(!,.!3).&%80!,.!/(&!*#')#-.&4! ! ?K4m!B%/')(!,.!h((-$>!B%/')(!,.!2%,)%(!,.!3.P6.[(!,%:*.')(!&.!6&#!3#)#!1%/')#-%(0.&!#/!2#-<(4!

! ?M4m!L#')#J!5)/.0*#9.)>!V6.)3(!,.!;#&.!-80%-#!,.!;#&.!-%)-6/#)!9!;(-#!#0-$#!&.!6'%/%J#!3#)#! $#-.)!'%'6/#-%(0.&4! ! ?N4m! L#')#J! Å%'#&#'(>! ]%.0.! 60#! 1()*#! ,.! *#')#J! 5)/.0*#9.)I! 3.)(! .0! &6! -6.//(! '%.0.! 60! 3.P6.[(!2:&'#7(!9!&(0!,.!-)%&'#/!7)6.&(I!&.!6'%/%J#!3#)#!1%/')#-%80!#/!2#-<(4! ! ?k4m! L#')#J! =%z(/(;(11>! X.P6.[(! ,.! -6.//(! /#)7(! 9! -6.)3(! .&1+)%-(I! &.! 6'%/%J#! .0! /#! ,.'.)*%0#-%80!,.!360'(&!,.!.;6//%-%804! ! ?c4m!Y#&(!,.!3).-%3%'#,(>!V%/<0,)%-(!,.!2%,)%(!,.!,%1.).0'.&!-#3#-%,#,.&I!;#Q(!(!#/'(I!-(0!3%-(! 2.)'.,()!9!&.!6'%/%J#!3#)#!//.2#)!#!-#;(!3).-%3%'#-%(0.&4! ! ?f4m! X.%/')(&>! V%/%0,)(! ,.! 2%,)%(! .0! ,%1.).0'.&! ,%:*.')(&! 9! -#3#-%,#,.&I! ,.! 1(0,(! 3/#0(I! -(0!;(-#!9!'#380!.&*.)%/#,(4! ! ?d4m!Y%,)%(!,.!)./(Q>!p'.0&%/%(&!,.!,%1.).0'.&!,%:*.')(&!9!7)(&()I!&.!6'%/%J#!.0!-)%&'#/%J#-%(0.&! .0!3.P6.[#!.&-#/#4! ! ?n4m! V#Q#! X.')%! ,.! 2%,)%(>! @.! 1()*#! ()-6/#)! ,.! 3#).,! 60%1()*.I! ).&%&'.0'.! #! '(,(&! /(&! 3)(-.&(&!,.!/%*3%.J#!9!.&'#;%/%J#-%80!&%0!#/'.)#-%80!,.!&6&!3)(3%.,#,.&4! ! Kb4m!V#Q#!,.!'%0-%80!(!,.!Å(3/%0>!=(0!,.!2%,)%(!7)6.&(!-%/<0,)%-(!(!).-'#076/#)4! ! K?4m!]6;(!,.!.0 (>!]6;(!,.!2%,)%(!-.))#,(!3()!60(!,.!&6&!.C').*(&I!).1()J#,#&I!&.!6'%/%J#0! 3#)#!$#-.)!3.P6.[(&!.0 (&4! ! KK4m!]6;(!,.!]$%./>!50!1()*#!,.!'6;(!,.!.0 (!3.)(!-(0!!60#!)#*#!/#'.)#/!P6.!&.!-(*60%-#! -(0!/#!;#&.!9!/#!3#)'.!*.,%#!,./!'6;(I!&.!6'%/%J#!3#)#!/#!,.'.)*%0#-%80!,./!360'(!,.!16&%804! ! KM4m! ]6;(! ,.! -.0')<167#>! V%/%0,)(! ,.! 2%,)%(I! &6! *(,./(! .&! ,.! #-6.),(! #! /#! -.0')<167#! 9! &.! 6'%/%J#!3#)#!-.0')%167#)!&6&'#0-%#&4! ! KN4m! L#')#J! ,.! ,.&'%/#-%80>! L#')#J! ,.! -6.//(! /#)7(! 9! 1(0,(! .&1+)%-(! &%*%/#)! #/! ,.! g#/(0I! 3).&.0'#!60!2:&'#7(!.0!./!-6.//(!P6.!.&!,.!,%1.).0'.&!/(07%'6,.&I!9!&.!6'%/%J#!-(*(!7.0.)#,()! ,.!2#3().&!.0!,.&'%/#-%804! ! Kk4m!].)*8*.')(!,.!/#;()#'()%(>!]6;(!,.!2%,)%(!7)#,6#,(!-(0!60!;6/;(!,.!*.)-6)%(!P6.!&.! -(*60%-#!-(0!60!'6;(!-#3%/#)I!3()!,(0,.!#&-%.0,.!./!*.)-6)%(I!*#)-#0,(!/#!'.*3.)#'6)#4! ! "DLXD5yF!o!=5VF@Z! ! =.!,.;.!$#-.)!%0*.,%#'#*.0'.!,.&36+&!,.!-#,#!(3.)#-%80I!&.!,.;.!76#),#)!/%*3%(!9!&.-(!9! ,%&36.&'(!3#)#!&6!.*3/.(4!=6!/%*3%.J#!&.!./%7.!,.!#-6.),(!#!/#!0#'6)#/.J#!,.!/#&!&6&'#0-%#&I!.&! ,.-%)I!&%!&(0!(!0(!&(/6;/.&!.0!#76#4!! F0'.&!,.!/%*3%#)&.!&.!P6%'#0!.C-.,.0'.&!,.!&6-%.,#,!-(0!60#!.&3:'6/#!(!2#)%//#!9!,.&36+&!&.! 6�!#/760(&!,.!/(&!&%76%.0'.&!*+'(,(&!,.!/%*3%.J#4! !

-

F76#! F76#!-(0!Q#;80! ".Q<#!! x-%,(&! @%&(/2.0'.&!()7:0%-(&! L.J-/#!&6/1(0<')%-#!(!-)8*%-#!

! o#! /%*3%(! &.! -(/(-#! .0! &(3()'.&! %0-/%0#,(&! (! 2.)'%-#/.&! 3#)#! P6.! &.! &.P6.0! (! 36.,.0! -(/(-#)&.!.0!/#!.&'61#!(!-(0!60!&.-#,()!,.!#%).!-#/%.0'.4! ! Zg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o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

! 5/! Z,(0'8/(7(! *#0.Q#! .0! &6! *#9()<#! ,.! &6&! #-'(&! %0&')6*.0'#/! 360J(m-()'#0'.4!! =6*#*(&!#!.&'.!%0&')6*.0'#/!./!6&(!,.!./.*.0'(&!)('#'()%(&!/(&!-6#/.&!3)(,6-.0!#.)(&(/.&4!! =(0! .&(&! #.)(&(/.&! /(&! P6.! 3.)*%'.0! P6.! /(&! *%-)(()7#0%&*(&! ,.! /#! J(0#! ,.! ')#;#Q(! &.! ,%&3.)&.0! $#&'#! ?! *.')(! ,.! )#,%(! #/).,.,()! ,.! 60! -.0')(! E/#! ;(-#A! P6.! &.)<#! ./! 360'(! ,.! ')#;#Q(4! ! ! =.! 36.,.! ,.1%0%)! -(*(! 9=>2;;9:=( ;4Lb-1-( ')#0&*%&%80! ,.! #7.0'.&! %01.--%(&(&!.0').!/(&!3#-%.0'.&!9!./!3.)&(0#/!.0!60!.0'()0(!-/<0%-(4!!"#!')#0&*%&%80!36.,.!&.)! ./! ).&6/'#,(! ,./! -(0'#-'(! ,%).-'(I! 3.)&(0#! #! 3.)&(0#! (! %0,%).-'(! *.,%#0'.! (;Q.'(&! -(0'#*%0#,(&!P6.!&.!,.0(*%0#0!R1()*%'.&U4! ( 6'($&',#."#"A,(@0(*'(",E0))"A,(@0(?,'(F0&#%,'('(%$&'(&0O?"0&0I! ! #A p0#!16.0'.!,.!%01.--%80!! ;A 5/! 2.$<-6/(! 3()! ./! P6.! /(&! #7.0'.&! %01.--%(&(&! &.! ')#0&*%'.0! E).I! &.-).-%(0.&I! %0&')6*.0'(&!-(0'#*%0#,(&I!.'-4A! -A p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

( ( ( ( 9,E0))"%,0#(C')$0&"','#( ! ! "#&! %01.--%(0.&! 3()! =]H5X]ZVZVVp=! Xoh5_5=! &(0! -(*60.&I! &(;).! '(,(! .0! /#&!+3(-#&!,.!-#*;%(!,.!.&'#-%80!9!-#6�!1#)%07%'%&I!#*%7,#/%'%&I!#07%0#&!9!(')#&!*:&4! ! ! !

9,E0))"%,0#(.")A$")'#( ! ]#*;%+0!V#0,%,#!F/;#0%-#0&!E$(07(!/.2#,6)%1()*.A!$#!#6*.0'#,(!&6!%0-%,.0-%#!-(0! &6&!2#)%#,#&!*#0%1.&'#-%(0.&I!'#0'(!#76,#&!-(*(!-)80%-#&!E-#0,%,%#&%&A4! ! !

9,E0))"%,0#(G"&A#")'#( ! ! _(! (;&'#0'.I! &(0! /(&! 2%)6&! /(&! P6.! .0! ).#/%,#,! (-63#0! 60! /67#)! .&3.-%#/! .0! /#! ')#0&*%&%80!,.!%01.--%(0.&!-)6J#,#&!3()P6.!/#&!/.&%(0.&!P6.!3)(,6-.0!&(0!&.2.)#&I!#/760#&! //.2#0!#!/#!*6.)'.I!9!#,.*:&!0(!&.!-6.0'#!#G0!-(0!60#!'.)#3%#!#0'%2%)#/!.&3.-<1%-#4!

9,E0))"A,(F%&((T0&F0#G"&?#( ! ! p0#!&(/#!.C3(&%-%80!.&!&61%-%.0'.!3#)#!/#!%01.--%80!3()!.&'(&!2%)6&!F@_I!P6.!&6./.0! ,#)!/67#)!#!60#!%01.--%80!/#'.0'.!,.!3()!2%,#4! !

!0F'$"$"#(G"&'*0#( !

! "#! $.3#'%'%&! &.! ')#0&*%'.! 3()! -(0'#-'(! -(0>! ).I! &.-).-%(0.&I! &#/%2#I! 3()! /#! 2<#! &.C6#/I!9!(')#&!*:&4!!5&!?bb!2.-.&!*:&!-(0'#7%(&#!P6.!./!=D@F4! !

9,E0))"A,(F%&(!9J( ! ! 5&!%*3()'#0'.!0(*;)#)!/#!3).&.0-%#!,.!ODY!.0!/#!&#/%2#!,.!/#&!3.)&(0#&!%01.-'#,#&!9! .01.)*#&! ,.! =D@F! 3.)(! 0(! .0! /#! -#0'%,#,! 0.-.&#)%#! -(*(! 3#)#! P6.! &%)2#! ,.! 2.$<-6/(! %01.-'#0'.4! ! ! !

70@"@'#(@0(Y&0)'?)"A,(L,"G0&#'*0#( ! ! ](,(! .060-%#,(! .&! 60! #)76*.0'(! &61%-%.0'.! -(*(! 3#)#! .0-#)#)! /#! #'.0-%80! (,(0'(/87%-#!;#&:0,(&.!.0!60#!1%/(&(1<#!,%&'%0'#>!/#!;%(&.76)%,#,4! ! ! @.&,.!?nfK!!16.)(0!*6-$#&!/#&!&(/6-%(0.&!#3()'#,#&!#!.&'#!&%'6#-%80!*.,6/#)!,.!/#! 3):-'%-#!,%#)%#I!#/760#&!%0&'%'6-%(0.&!.0!./!#[(!?nnK!,.'.)*%0#)(0!/#&!*.,%,#&!,.!3).2.0-%80! 60%2.)&#/.&4! !

S^),")'#(@0(C'&&0&'( !

! 5&'#&!'+-0%-#&!&(0!&8/(!(;&':-6/(&!3#)#!%*3.,%)!P6.!/(&!*%-)(()7#0%&*(&!%02#,#0!/#&! *6-(&#&!9!/(&!'.76*.0'(&!,./!3)(1.&%(0#/4!!V(*3).0,.0>!%0*60%J#-%80I!2.&'%*.0'#I!$%7%.0.! 9!3)('.--%80!3.)&(0#/I!3)('.--%80!,.!/#!&#/#!(,(0'(/87%-#!9!#0'%&.3&%#!,./!-#*3(!(3.)#'()%(4! !

9,.?,"c')"A,((

(

! ! F,.*:&!,./!3/#0!-/:&%-(!,.!2#-60#-%80I!&.!,.;.!%0-/6%)!/#!2#-60#!-(0')#!/#!$.3#'%'%&! g4!!F&%*%&*(!,.;.!-(0')(/#)&.!/#!2%7.0-%#!,.!/#!2#-60#!#0'%'.':0%-#!9!-(0')#!/#!)6;+(/#4! !

J0#$".0,$'_(T"B"0,0(P(F&%$0))"A,(F0&#%,'*( ! ! "#!$%7%.0.!-(0&%&'.I!.0!60#!&.)%.!,.!3#&(&!3#)#!).#/%J#)!60!-()).-'(!/#2#,(!,.!*#0(&! #0'.&!,.!-(*.0J#)!60!,<#!,.!')#;#Q(!9!.0').!60!3#-%.0'.!9!(')(4! ! X)(-.,%*%.0'(&!&67.)%,(&!3#)#!./!/#2#,(!,.!*#0(&! !

M] -*()%."0,c%(@0(?,(@+'(@0($&'C'\%( ?4? ?4K ?4M ?4N ?4k ?4c

!

Q] 2,$&0(F')"0,$0#(,%(O?"&W&B")%#( K4? K4K K4M

!

H.*(2.)!'(,#&!/#&!#/$#Q#&!9!(;&.)2#)!/#&!*#0(&!9!6[#&!.0!;6&-#!,.!3.P6.[(&! -()'.&I!#;)#&%(0.&I!.'-4! "%*3%#)!/#&!6[#&!-(0!60!3#/%//(!3/:&'%-(!(!,.!*#,.)#!/%*3%(4! B)('#)!/#&!*#0(&I!6[#&!9!#0'.;)#J(&!-(0!60!#7.0'.!7.)*%-%,#I!'6).-6/%-%,#!9! 2%)%-%,#!9!60!-.3%//(!.&'+)%/!(!.&3(0Q#!,6)#0'.!K!*%06'(&4!!50Q6#7#)!;%.0!-(0! #76#!-())%.0'.!,6)#0'.!?b!&.760,(&4! "#2#)! /#&! *#0(&! 9! /(&! #0'.;)#J(&! -(0! 60! #7.0'.! /%*3%#,()I! -.3%//#0,(! ?b! &.760,(&4! ! X6.,.0! &.)! /(&! *%&*(&! #7.0'.&! &67.)%,(&! .0! 1()*#! ,.! &(/6-%80! Q#;(0(! H.3.'%)!.&'.!3)(-.,%*%.0'(! =.-#)! /#&! *#0(&! 3)%*.)(! 9! /6.7(! /(&! #0'.;)#J(&! -(0! '(#//#&! ,.! 3#3./! 3#)#! -.))#)!/(&!7)%1(&4! "#2#)! /#&! *#0(&! 2%7()(&#*.0'.! 9! /(&! #0'.;)#J(&! -(0! Q#;80! /
U] -,$0#(@0(?,'()"&?B+'( M4? M4K

W6%'#)&.! '(,#&! /#&! #/$#Q#&! 9! /%*3%#)&.! /#&! 6[#&! -(0! 60! 3#/%//(! 3/:&'%-(! (! ,.! *#,.)#!/%*3%(4! V.3%//#)!/#&!6[#&I!*#0(&I!9!#0'.;)#J(&!-(0!60!#7.0'.!7.)*%-%,#!9!60!-.3%//(! .&'+)%/! (! .&3(0Q#! ,6)#0'.! f! *%06'(&I! 6�,(! 2#)%(&! -%-/(&! ,.! -.3%//#,(! 9! .0Q6#76.4!

M4M M4N M4k

! !

M4c

50Q6#7#)!/#&!*#0(&!9!/(&!#0'.;)#J(&!-(0!#76#!-())%.0'.!-(*.0J#0,(!3()!/(&! ,.,(&! 9! -(0&.)2#0,(! /#&! *#0(&! 3()! .0-%*#! ,.! /(&! -(,(&4! ! @.Q#)! -()).)! ./! #76#!,.!/(&!-(,(&!0(!,.!/#&!*#0(&4! =.-#)!-(0!'(#//#&!.&'+)%/.&4! X(0.)&.! 76#0'.&! .&'+)%/.&4! ! 5/! 3)(1.&%(0#/! %0&.)'#):! /#&! *#0(&! ,.0')(! ,.! /(&! 76#0'.&!9!60#!#&%&'.0'.!,.;.):!-(*3/.'#)!./!#Q6&'.!#/).,.,()!,.!/#&!*6[.-#&4!! 5/!#&%&'.0'.!'#*;%+0!,.;.!6&#)!76#0'.&!.&'+)%/.&4! 5C#*%0#)!&%!/(&!76#0'.&!'%.0.0!,.1.-'(&4!

"#!&(/6-%80!Q#;(0(&#I!&%.*3).!&.!,.;.!3).1.)%)!60!#0'%&+3'%-(!-69#!#--%80!&.!#-6*6/.! 9! 3.)*#0.J-#! .0! /(&! '.Q%,(&! &61%-%.0'.! '%.*3(`! .&'#! 3)(3%.,#,! .&! -(0(-%,#! -(*(>! &6&'#0'%2%,#,4! ! =(;).!./!#*;(!&.!6&#):!60!-#*%&(/<0!,.&-#)'#;/.I!&(;).!'(,(!.0!/(&!-#&(&!P6%)G)7%-(&I! /#)7#&! &.&%(0.&! ,.! ')#'#*%.0'(&! 3.)%(,(0'#/.&! 9! ).$#;%/%'#-%80! .0! /(&! -6#/.&! /#! 3%./! ,.! /(&! #0'.;)#J(&! &.! 2.):! .C36.&'#! 0(! &8/(! #! /#! &#/%2#I! &%0(! '#*;%+0! #! /#! ).! .0! 1()*#! ,.! ,%*%06'#&!7('%'#&!#.)(&(/%J#,#&!3()!/(&!./.*.0'(&!)('#'()%(&4! ! =%!/#!&.&%80!&.!3)(/(07#)#!,.;.0!).0(2#)&.!/(&!76#0'.&!.0').!/(&!Mb!9!/(&!Nb!*%06'(&! ,.! 6&(4! ! ]#*;%+0! ,.;.0! ).0(2#)&.! &%! 3()! -%)-60&'#0-%#&! *.'#;8/%-#&I! /#&! *#0(&! ')#0&3%)#0! *6-$(!9!./!/:'.C!&.!2(/2%.)#!3.7#Q(&(4! ])#&! ./! /#2#,(! ,.! /#&! *#0(&I! ./! (),.0! ,.! -(/(-#-%80! ,.! '(,(&! /(&! %*3/.*.0'(&! ,.! 3)('.--%80!3.)&(0#/!.&>! ?A V#*%&(/<0! KA g#);%Q(! MA F0'.(Q(&!3)('.-'().&! NA h6#0'.&!,.!/:'.C!

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

"#&!3)('.--%(0.&!,.!3(/%.'%/.0(!&.!).'%)#0!60#!2.J!P6.!&.!$#!1%0#/%J#,(!/#!#'.0-%80!#/! 3#-%.0'.!9I!#0'.&!,.!).-%;%)!#/!3)8C%*(I!&.!26./2.0!#!,.&%01.-'#)!/#&!&63.)1%-%.&!0(!-)<'%-#&!9!&.! ).3(0.0!/#&!-(;.)'6)#&4! !

-,$"#0F#"'(@0*()'.F%(%F0&'&"%( ! ! 5/! -)%'.)%(! ,.! &./.--%80! ,.! #0'%&+3'%-(! &.! ;#&#! .0! ./! 3(,.)! ;#-'.)%-%,#! 9! .0! /#! &6&'#0'%2%,#,4!!5/!,.!*#9()!#-.3'#-%80!&.)<#!./!"%&'.)%0.4! ! V(0!.&'.!;6-$.!#0'%&+3'%-(!).#/%J#,(!#!-(0'%06#-%80!,.!/#!$%7%.0.!;6-#/I!&.!-(0&%76.! ./%*%0#)! ,./! nk! #/! nfq! ,.! /#! 1/()#! *%-)(;%#0#! -(0! 60#! ,6)#-%80! ,.! .&'#&! -(0,%-%(0.&! ,.! #/).,.,()!60#!$()#4! ! "#!&.-6.0-%#!,.!60#!&.&%80!(,(0'(/87%-#!.&>! ! ?A X).3#)#-%80!,.!/#!&#/#!Z,(0'(/87%-#!E,.&%01.--%80!,.!&63.)1%-%.&A! KA V(01.--%80!,.!/#!$%&'()%#!-/<0%-#!! MA H.2./#,(!,.!3/#-#!;#-'.)%#0#!9!-.3%//#,(4!!H.7%&')(!,.!<0,%-.!,.!3/#-#! NA V(/6'()%(!#0'%&+3'%-(!! kA O%7%.0.4!X)('.--%80!3.)&(0#/!9!2.&'%*.0'#!3)(1.&%(0#/! cA =%! 16.)#! /#! 3)%*.)#! 2%&%'#I! -(01.--%80! ,./! ).7%&')(! ,.0'#/I! 3.)%(,(0'#/! 9! (-/6&#/4! 50! &.&%(0.&!3(&'.)%().&I!).#/%J#-%80!,.!/#!'#).#!#&%70#,#!#/!,<#!,.!')#;#Q(I!&.7G0!./!3/#0! ,.!')#'#*%.0'(4! fA H.'%)(!,.!/(&!./.*.0'(&!,.!3)('.--%80!3.)&(0#/! dA @.&3.,%,#!,./!3#-%.0'.4!!H.m-%'#-%80! nA "#2#,(!,.!/#&!*#0(&4!!V(/(-#-%80!! ?bA!V/#&%1%-#-%80!,.!/(&!./.*.0'(&!6'%/%J#,(&! ??A!X).3#)#-%80!,.!/#!&#/#!(,(0'(/87%-#!3#)#!60!3)8C%*(!3#-%.0'.4!

( S&'$'."0,$%(@0(*%#(@0#0)T%#( ! ! 5&'.!')#'#*%.0'(!.&!*69!&.0-%//(!9!.-(08*%-(4!!=.!0.-.&%'#!60!).-%3%.0'.!-(0!'#3#! -(0!60#!-#3#-%,#,!%0'.)%()!,.!0(!*.0(&!,.!?b!/%')(&4!!5/!).-%3%.0'.!#,.*:&!,.;.):!3(&..)! 60#!-#0%//#!.0!&6!.C').*(!%01.)%()4! ! ! @.0')(!,./!).-%3%.0'.I!&.!-(/(-#!60#!;(/&#!3/:&'%-#!).&%&'.0'.!P6.!,.;.!//.0#)&.!-(0!f! /%')(&!,.!&(/6-%80!,.!$%3(-/()%'(!,.!&(,%(!#/!?4Kkq!(!;%.0!&(/6-%80!,.!/#2#0,%0#!#/!?K4kq4!! ](,(&!/(&!./.*.0'(&!,.&.-$#;/.&!,.;.0!,.Q#)&.!.0!).*(Q(!,.0')(!,.!.&'.!).-%3%.0'.!#/!*.0(&! ,6)#0'.!Mb!*%06'(&>!2#&(&I!.9.-'().&I!.'-4! ! ! p0#!2.J!#7('#,#!&6!-#3#-%,#,I!&.!//.2#!Q60'(!#!60#!3%/.'#!,(0,.!/6.7(!,.!3.)1()#)!/#! ;(/&#!3()!2#)%(&!&.-'().&I!&.!3)(-.,.!#!#;)%)!/#!-#0%//#!,.!/#!3#)'.!%01.)%()!,./!).-%3%.0'.!3#)#! .2#-6#)!/#!&(/6-%80!,./!$%3(-/()%'(!,.!&(,%(4! !

S&'$'."0,$%(@0*(.'$0&"'*(F?,c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

10#)%,$'.",')"A,_(@0#",E0))"A,(P(0#$0&"*"c')"A,( ! ! 10#)%,$'.",')"A,I!!.&!./!3)(-.&(!(!')#'#*%.0'(!,.!,.&%01.--%80!!,.!%0&')6*.0'#/!9! *#'.)%#/.&!6'%/%J#,(&!.0!/#!3):-'%-#!(,(0'(/87%-#!3#)#!(;'.0.)!&.76)%,#,!.0!&6!3(&'.)%()! *#0%36/#-%804! ! ! 10#",E0))"A,>! ! .&! /#! ,.&')6--%80! ,.! *%-)(;%(&! 3.)(! 0(! 0.-.&#)%#*.0'.! ,.! /(&! .&3()(&!;#-'.)%#0(&!9!&.!#3/%-#!#!(;Q.'(&!(!&.).&!%0#0%*#,(&4! ! ! 2#$0&"*"c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p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p0%,#,.&!,.0'#/.&!1#;)%-#,#&!-(0!2:/26/#&!#'%)).')#-%80!

! !

gA X%.J#&!,.!*#0(!9!Q.)%07#!.&'.)%/%J#;/.&!.0!#6'(-/#2.!(!,.&%01.--%80!P6<*%-#! V(0! ).&3.-'(! #! /#&! '6);%0#&! 9! /(&! *%-)(*('().&I! ,.;.):0! 3).1.)%)&.! /(&! P6.! '(/.)#0! .&'.)%/%J#-%80!3()!-#/()!$G*.,(4! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! F=X5V]Z=!h5_\]DVZ=!@5!F_ZLF"^F=!@5_]F"5=! ! F"]5HFVDZ_5=!5_!5"!@5=FHHZ""Z! ! @D=LZHBDF! @5_]ZBFVDF">! .&! /#! 0(! 1()*#-%80! ,.! 60#! .&')6-'6)#! 1#-%#/! P6.! 0(! .&! -(*3#'%;/.!-(0!/#!2%,#4! ! LF"BZHLFVDÇ_>!&! ! m3()!#0(*#/<#&!-)#0.(1#-%#/.&>!.Q4!F0(*#/<#&!,./!-6.//(4! ! mX()! #/'.)#-%(0.&! -)(*(&8*%-#&4! 5Q4! ])%&(*<#! ?fI! K?! 444I! &<0,)(*.&! $.).,#,(&! 3()! #0(*#/<#!,.!2#)%(&!7.0.&I!.'-4! ! mF-)(*.7#/%#4! ! V"F=DBDVFVDÇ_!@5!"F=!LF"BZHLFVDZ_5=!

! ?4X6)#*.0'.!.'%(/87%-#4! ! mh.0+'%-#! E?bqn4! 5Q4>! *#/1()*#-%80! $.).,%'#)%#4! X6)#*.0'.! 7.0+'%-#>! 0(! .&! *69! 1).-6.0'.4! ! mF,P6%)%,#!E?bqA! ! mL%C'#!EdbqA! ! K4=.7G0!3).&.0'#-%80>! ! mV(07+0%'#>!#/!0#-%*%.0'(4! ! m_(! -(07+0%'#>! $#&'#! /(&! Kb! #[(&! 36.,.! 3).&.0'#)&.4! 5Q4>! P6%&'.&! ;)#0P6%#/.&! .0! ./! -6.//(!-(*(!-(0&.-6.0-%#!,.!60!')#6*#'%&*(4! ! M4!=.7G0!'%3(!9!1()*#>! ! mL#/1()*#-%80>!#/'.)#-%80!*()1(/87%-#4! ! mL#/160-%80>! ,+1%-%'! *.'#/.8/%-(I! .0J%*:'%-(! (! 7.0+'%-(I! ,.&36+&! ,./! 0#-%*%.0'(! &.! *#0%1%.&'#4! ! VFHFV]5H^=]DVF=!F!]5_5H!5_!Vp5_]F!5_!"F!OD=]ZHDF! ! m5,#,!,.!/(&!3#,).&!.0!./!*(*.0'(!,.!3)(-).#)4!5Q4>!/#;%(!9!1%&6)#!3#/#'%0#!&.!&6./.0!,#)!.0! 0%[(&!,.!*#,).&!*.0().&!,.!Kk!#[(&4! ! mV(0L%0%,#,4! ! mZ)<7.0! )#-%#/! 9! 7.(7):1%-(! ,.! /(&! 3#,).&4! 5Q4>! '6;+)-6/(! ,.! V#)#2.//%! .&! '<3%-(! ,.! /#! )#J#! ;/#0-#4!]#/#&.*%#&!'<3%-#&!,.!/#!)#J#!0.7)#4!V:0-.)!,.!'%)(%,.&!'<3%-(!,.!/(&!Q#3(0.&.&4! ! mx);(/!7.0.#/87%-(>!]%3(&!,.!$.).0-%#>! ! ! 4!F6'(&8*%-(!,(*%0#0'.>!0(!&#/'#!7.0.)#-%(0.&I!&.!,#!.0!'(,#&4! ! ! 4F6'(&8*%-(!).-.&%2(>!&!0(!&%)2.!3#)#!0#,#4! ! mL6.)'.&! 9! &6&! -#6&#&>! -6:0,(! 9! #! P6+! .,#,! &.! 3)(,6Q.)(04! 5Q4>! #;()'(&I! (')#&! *#/1()*#-%(0.&I!.&'.)%/%,#,I!.'-4! ! mB#-'().&!#!'.0.)!.0!-6.0'#!#0'.!60#!#/'.)#-%80!-(07+0%'#>! ! 4%0'.0&%,#,!9!-#/%,#,!,.!/#!#7).&%804! ! 4=6&-.3'%;%/%,#,!%0,%2%,6#/4! ! 45,#,4! _(!'(,#&!/#&!#*./(7+0.&%&!%*3.)1.-'#&!&(0!%76#/.&I!0%!&%P6%.)#!.0').!K!$.)*#0(&4!_(!'(,#&! /#&!.01.)*.,#,.&!'%.0.0!/#!*%&*#!%0'.0&%,#,4! ! H5"FVDZ_5=!@5"!X5@DF]HF! ! =.! )./#-%(0#! -(0! ./! -%)6Q#0(! *#C%/(1#-%#/I! 3&%-(/(7<#! &(-%#/I! (,(0'(3.,%#')<#I! ()'(,(0-%#!9!-%)6Q#0(!*#C%/(-)#0.#/4! ! F"]5HFVDZ_5=!@5!"F!VH5=]F!_5pHF"!

! V).&'#! 0.6)#/>! &(0! -+/6/#&! .-'(,+)*%-#&! ,.! /#! 60%80! .0').! 3/#-#! 0.6)#/! 9! .-'(,.)*(! P6.! *%7)#0! 2.)'%-#/*.0'.! #! /#! ).7%80! 1#-%#/! 3#)#! ,.&36+&! %0'.)#--%(0#)! -(0! ./! *.,%(! #*;%.0'.! /(-#/!9!3)(,6-%)!,%&'%0'#&!-+/6/#&4! ! X6.,.0!,#)!/67#)>! ! ! m-+/6/#&!,./!=_V4! ! ! mV+/6/#&! ,./! &%&'.*#! -#)'%/#7%0(&(I! 7#07/%(&! .&3%0#/.&! &%*3:'%-(&I! 2<&-.)#&I! ,%.0'.&I!*./#0(-%'(&I!3%./!E7/4!=6,()<3#)#&!9!&.;:-.#&A4! ! X(,.*(&!&#;.)!./!()<7.0!,.!/(&!&<0,)(*.&!&%!&#;.*(&!,.!,(0,.!3)(-.,.04! 5Q4!=<0,)(*.!E=,A!,.!YF_@5HgZp>!#6&.0-%#!,.!*./#0%0#!.0!/#!3%./!EJ(0#&!,./!-6.)3(!&%0! 3%./!0%!*./#0%0#A4!=.!,.;.!#!P6.!3#)'.!,.!/#&!-+/6/#&!,.!/#!-).&'#!0.6)#/!0(!&.!$#0!,%1.).0-%#,(! .0!*./#081()(&mmm*./#0(-%'(&4! ! F"]5HFVDZ_5=!VH5=]F!_5pHF"! ! m@5B5V]Z=! @5! BZHLFVDÇ_>! #1.-'#0! #/! ,.&#))(//(! ,./! -.).;)(! #0'.)%()! 9! (Q(>! 1%&6)#! 3#/#'%0#!?lI!-%-/(3%#&I!*%-)(1'#/*(&I!#)P6%*.0-.1#/%#&444!F/760#&!,.!.//#&!&(0!%0.2%'#;/.&4! ! m@5B5V]Z=!5_!"F!LDhHFVDÇ_>!/(&!3)(-.&(&!1)(0'(0#&#/.&!0(!$#-.0!-(#/.&-.0-%#!.0! /#!/<0.#!*.,%#4!5Q4>!O%3.)'./()%&*(!&.2.)(I!Z'(-.1#/%#4! {!0(!#1.-'#0!#/!=_V4! ! m@5B5V]Z=!5_!"F!XHZ"DB5HFVDÇ_>!5Q4>!=,!,.!Y#0,.);(64! m@5B5V]Z=!5_!"F!@DB5H5_VDFVDÇ_>!5Q4>!=,!,.!]).#-$.)-(//%0I!=,!,.!X%.)).!H(;%0I! ])%&(*<#!?f!E&.!2.):0!-(0!*:&!,.'#//.!.0!/#!3#74KbA4! ! ! ! L5=Z@5HLZ4!@5=FHHZ""Z!@5!"F!VFYD@F@!gpVF"4! ! "#!$(Q#!')%/#*%0#)!&.!-%.))#!.0!K!3/#0(&>! ! ! ! ! ! m1)(0'(-#6,#/! ! ! ! ! ! m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m.C').*%,#,!-.1:/%-#!E3/#-#!0.6)#/A>!3#)'.!&634! ! ! ! mV()#J80>!3#)'.!%014! ! ! ! m"#'.)#/*.0'.>! *.&(,.)*(! P6.! #! .&.! 0%2./! -(0&'%'69.! /#&! #)-#&! ;)#0P6%#/.&!E/(&!3)%*.)(&A4!

! ! ! mX(&'.)%()*.0'.>! .&':! '#3#,#! 3()! /#! *.*;)#0#! ;6-(1#)<07.#! P6.! ,.&36+&!&.!3.)1()#):4! ! ! ! ! ! ! ! ! ! ! FHVZ=!gHF_Wp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m*#*./80!1)(0'(0#&#/>!1).0'.!9!0#)%J4! ! ! mX)(-.&(!0#&#&#/!.C'.)0(!.!%0'.)0(4! ! ! mD!#)-(!;)#0P6%#/>!-#)'!*#0,<;6/#4! ! =D_@HZL5=!@5"!LFL5"Ç_!BHZ_]Z_F=F"! ! ?4@D=X"F=DF!BHZ_]Z_F=F"! ! @D=X"F=DF>!#/'.)#-%80!.0!/#!,%1.).0-%#-%80!,.!60!8)7#0(!(!'.Q%,(4! ! ! ! L#9()!(!*.0()!-).-%*%.0'(!(!,.&#))(//(!,./!*#*./80!1)(0'(0#&#/4! ! VFHF>!mO%3.)'./()%&*(!(-6/#)I!0#)%J!#3/#0#,#I!-):0.(!;<1%,(!#0'.)%()4! ! ! mV)#0.(&%0(&'(&%&4! ! ! mg#P6%-.1#/%#4! !

! ZD@Z>!m-(/7#Q(&!3).#6)%-6/#).&I!().Q#&!,.!%*3/#0'#-%80!;#Q#4! ! LF_DB5=]FVDZ_5=!ZHF"5=>! m/#;%(&>!$.0,%,6)#!;#Q#!,./!/#;%(!&634I!/.3()%0(&4! ! ! ! ! ! m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p""D@Z!@5!hF]Z! ! m/.2.!1%&6)#!3#/#'%0#4! ! mD*3/#0'#-%80!,.!().Q#&!;#Q#!9!.0!&(3/%//(4! ! mg#Q(!-(.1%-%.0'.!%0'./.-'6#/4! ! mV#)#!1./%0#4! ! k45_B5HL5@F@!@5!hFpVO5H! ! mO%3.)'./()%&*(! ! m%0'.)2%.0.! ./! *#*./80! *#0,%;6/#)>! 0(! .C%&'.! 36.0'.! 0#&#/! 3()! #/'.)#-%80! ,./! *#*./80!0#&#/m*#0,%;6/#)4!y(0#!,.!(&'.(/%&%&4! ! c4FVZ_@HZX"F=DF!Z!5_F_D=LZ!ODXZBD=FHDZ! 5&!,.!()<7.0!$()*(0#/4!X#-%.0'.!0(!36.,.!&.7).7#)!$()*(0#!,.!-).-%*%.0'(4! ! mV):0.(!#;(*;#,(4! ! mO%3.)'./()%&*(4! ! mX6.0'.!0#&#/!$60,%,(4! ! mD*3/#0'#-%80!;#Q#!,.!/#&!().Q#&4! ! f4=@!@5!BF_VZ_Dm=VO"5D@5H! ! mO%3.)-#/-.*%#!%,.(3:'%-#4! ! mB).0'.!#;(*;#,#4! ! m_#)%J!-()'#!-(0!;#&.!#0-$#4! ! mL.Q%//#&!*(1/.'6,#&4! ! mg(-#!&#/%.0'.I!/#;%(&!7)6.&(&!9!#&%*+')%-(&I!-(*%&6)#!-#<,#4! ! mF/'.)#-%(0.&!,.0'#)%#&4! !

Z]HZ=! =D_@HZL5=! @5! F"]5HFVDZ_5=! =DLD"FH5=! X5HZ! @5! ZHDh5_! L5]FgÇ"DVZ! ! ?4LpVZXZ"D=FVFHD@Z=D=!(!=@!@5!OpH"5H!E$.).0-%#!#6'()8*%-#!).-.&%2#A4! ! mB).0'.!#;(*;#,#4!V#;.J#!2(/6*%0(&#I!#;(*;#*%.0'(!,.!&.0(&4! ! mB#/'#!,.!36.0'.!0#&#/4! ! mD*3/#0'#-%80!;#Q#!,.!/#&!().Q#&4! ! mF1.-'#-%(0.&!,.0'#)%#&4! ! K4@D=Ç=]Z=D=!V"5D@ZmVHF_5F"! ! m')#0&*%&%80!#6'(&8*%-#!,(*%0#0'.4! ! mF0(*#/<#&!36)#&!,./!-.*.0'(4! ! mg#Q#!.&'#'6)#4! ! mV)#0.(&'(&%&4! ! mD*3/#0'#-%80!,.!$(*;)(&!;#Q#4! ! mF/'.)#-%(0.&!,.0'#/.&!9!1#-%#/.&4! ! mB#/'#! /#! .C').*%,#,! #-)(*%#/! E/#! P6.! 2#! #/! $G*.)(A! ,.! /#! -/#2<-6/#! (! /#! -/#2<-6/#! .0'.)#4!=(0!3.)&(0#&!P6.!36.,.0!60%)!60!$(*;)(!-(0!(')(4! ! gZVF>!/#!-#)#-'.)<&'%-#!160,#*.0'#/!.&!./!.C-.&(!,.!-.*.0'(>!,%.0'.&!&63.)06*.)#)%(&4! 5Q4>!-$%-(!,.!?k!#[(&!-(0!,.0'%-%80!'.*3()#/4!5C%&'.!$%3.)-.*.0'(&%&!P6.!%*3%,.!/#!.)63-%80! ,.!/(&!,%.0'.&4! ! ! ! ! ! F"]5HFVDZ_5=! 5_! "F! @DB5H5_VDFVDÇ_! @5! "F=! V\"p"F=! @5! "F! VH5=]F! _5pHF">!V6#0,(!/#&!-+/6/#&!,.!/#!-).&'#!0.6)#/!0(!&.!,%1.).0-%#0!#!-#)'! ! m3.)&(0#!&%0!*#0,<;6/#>!0(!2%'#/.&4! ! m=%!0(!&.!,%1.).0-%#0!/(!&61%-%.0'.I!,#0!/67#)!#!,%&'%0'(&!&<0,)(*.&>! ! ! ! ! ?4@D=Ç=]Z=D=!LF_@^gp"ZmVHF_5F"!Z!=@!@5!]H5FVO5HmVZ""D_4! ! ! mO.).0-%#!#6'(&8*%-#!,(*%0#0'.4! ! ! mF1.-'#!&(;).!'(,(!#!/#&!.&')6-'6)#&!,.)%2#,#&!,./!D!#)-(!;)#0P6%#/4! ! 4L#0%1.&'#-%(0.&!1#-%#/.&>! ! ! VFHF>!m$60,%*%.0'(! ,.! /(&! $6.&(&! ,.! /#! *.Q%//#! -(0! 3#;.//(0.&! #6)%-6/#).&! ,.1()*.&4!g#);%//#!).')#<,#4!g(-#!.0!1()*#!,.!3.J4! ! ! ! ! mO%3(3/#&%#!*#0,%;6/#)>!-(*3/.'#t!%0-(*3/.'#>,-$#4m%JP4! ! ! ! ! m1#/'#!,.!-).-%*%.0'(!,.!/#!*#0,<;6/#4! ! ! K4=@!XD5HH5mHZgD_! ! ! m1%&6)#!3#/#'%0#4! ! ! mh/(&(3'(&%&!E-#<,#!,.!/#!/.076#!$#-%#!#'):&A4! ! ! mH.')(70#0-%#!*#0,%;6/#)!3()!$%3(3/#&%#4! ! ! M4=@!@5!5@sFH@=!(!]HD=ZL^F!?d! ! ! mL#-)(-.1#/%#4!

! ! mZ).Q#&!,%&3/:&%-#&4! ! ! mg(-#!3.P6.[#!-(0!1%&6)#&!/#;%#/.&!9!3#/#'%0#&!9!*%-)(70#0-%#4! ! ! mL#0(&!-#)#-'.)<&'%-#&!-(0!,.,(!<0,%-.!9!*.[%P6.!&(;).!./!*.,%(!9!! ! #06/#)4! ! ! mX%.&!.0!*.-.,()#4! ! @%&3/#&%#! 1)(0'(*#C%/#)! Q60'(! -(0! ,%&3/#&%#! ,./! -#)'!])%&(*<#!?f4! ! ! N4WpD=]5=!gHF_WpDF"5=!V5_]HF"5=4! ! ! W6%&'.!'%)(7/(&(>!).&'(!.*;)%(0#)%(>!P6%&'.!,./!-(0,6-'(!'%)(7/(&(4! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! @5=FHHZ""Z!@5"!XF"F@FH! ! ! XHZV5=Z=! LFaD"FH5=>! ,.&,.! /#! 0#)%J! #! /#! /.076#4! Y#0! #! 60%)&.! .0! ,%&'%0'(&! 3/#0(&> ! ?4,.&,.!/#!3()-%80!/#'.)#/!#!/#!/<0.#!*.,%#4! ! ! K4@.!-#6,#/!$#-%#!#))%;#4! ! F!0%2./!,./!3#/#,#)!&.!//#*#0!XHZV5=Z=!XF"F]D_Z=4! ! ! 50! &6! 1()*#-%80! %0'.)2%.0.! /#! /.076#>! &.! 1()*#! -(*(! -(0&.-6.0-%#! ,.! /#! ?l! ;(/&#! ;)#0P6%#/4! "#! /.076#! .*3%.J#! #! 1()*#)&.! 9! #/! -).-.)! .*36Q#! $#-%#! #))%;#! /(&! ,(&! 3)(-.&(&! 3#/#'%0(&4!5&'(&!3)(-.&(&!&.!60.0!,.!60#!,.'.)*%0#,#!1()*#!3()!/#!3).&%80!,.!/#!/.076#!P6.! (-63#!60!.&3#-%(4!=.!60.0!0()*#/*.0'.!,.!,./#0'.!#!#'):&4! ! =%!.&'#!60%80!0(!&.!3)(,6-.I!,#):!/67#)!#!LF"BZHLFVDZ_5=>!-(0&%&'.!.0!/#!0(! 60%80!(!60%80!3#)-%#/!,.!/(&!,(&!3)(-.&(&!3#/#'%0(&>! ! ! ! m!*:&!/.2.>!mmmmmmmmmmm!;<1%,#4! ! ! ! m!*:&!7)#2.>!1%&6)#&!3#/#'%0#&I!/#;%(!/.3()%0(4! ! "FgDZ=>! X(,.*(&! .0-(0')#)! P6.! 0(! &.! 60#0! ./! /#;%(! &634! @-$(4! .! %JP,(4>! "FgDZ! "5XZHD_Z4! ! !

! D01.)%()>!.-'(,.)*(!P6.!-(0&'%'69.!./!/#;%(I!36.,.!&.)!P6.!.0!-%.)'(&!&%'%(&!$#9#!#/7(! P6.! %*3%,#! &6! 1()*#-%804! 5Q4>! =,! ,.! /(&! $(96./(&! -(07+0%'(&! (! =,! ,.! Y#0! ,.)! O(6&.4! 5/! /#;%(!0(!&.!$#!1()*#,(!,./!'(,(I!&%!#3)%.'#&I!&#/.!&#/%2#4! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

D_=]HpL5_]F"!5_!5aZ@Z_VDF!

! 50!/#!.C')#--%80!,.0'#)<#!%0'.)2%.0.0>!./!,%.0'.!9!/(&!'.Q%,(&!P6.!/(!)(,.#0I!60! %0&')6*.0'#/!.&3.-<1%-(!9!(')(!7.0+)%-(!3#)#!-%)67<#!;6-#/I!9!1%0#/*.0'.!60#!'+-0%-#!).7/#,#4! 50!/#&!.C')#--%(0.&!,.0(*%0#,#&!&%*3/.&!&.!).P6%.).>!&%0,.&*8'(*(&I!18)-.3&!9! ./.2#,().&4! m!=D_@5=LÇ]ZLZ=!

=(0!%0&')6*.0'(&!P6.!&.!6�!3#)#!).#/%J#)!/#!&%0,.&*('(*<#I!3#)#!/%;.)#)!9!,.&7#))#)!./! /%7#*.0'(!7%07%2(,.0'#)%(!9!-(0!.//(!&.!3.)&%76.0!,(&!(;Q.'%2(&>!1#-%/%'#)!/#!3).&%80!,./!,%.0'.! 9!.2%'#)!,.&7#))(&!7%07%2#/.&4! V(0&'#0!,.!60!#&#I!60!.Q.!9!60#!$(Q#!,.0'#)%#4! =.!36.,.!6'%/%J#)!3#)#!$#-.)!/#!&%0,.&*('(*<#!-6#/P6%.)!%0&')6*.0'(!-()'#0'.!(!360J#0'.>! -6).'#I!-6-$#)%//#4! m!BÇHV5X=! 5&!60!%0&')6*.0'(!%,.#,(!9!1#;)%-#,(!-(0!./!1%0!,.!3)#-'%-#)!60#!.C(,(0-%#4!!H.#/%J#!&6! 160-%80!&.7G0!/#&!3#/#0-#&!,.!&.760,(!7+0.)(4! V(*3(0.0'.&>!! Y#/2#&! g)#J(&!,.!#,#3'#-%80!#!/#!*#0(! F)'%-6/#-%80!,.!#*;(&!-(*3(0.0'.&! ]%3(&!,.!B8)-.3&>! ! !!!!!m50!)./#-%80!-(0!./!3#-%.0'.>!,.!#,6/'(!9!,.!0%[(`!/#!,%1.).0-%#!!.&':!.0!./!'#*#[(I! &%.0,(!/(&!18)-.3&!3#)#!./!0%[(!*:&!3.P6.[(&4! !!!!!!m50!)./#-%80!-(0!/(&!,%.0'.&>!3#)#!/#!#)-#,#!&63.)%()!9!3#)#!/#!#)-#,#!%01.)%()4! ! ?4B8)-.3&!3#)#!/#!#)-#,#!&63.)%()>! "(&!').&!./.*.0'(&!&%76.0!60#!/<0.#!).-'#`!.&'(!').&!./.*.0'(&!&.!%0-6)2#0!#!*.,%,#!P6.! &.!6&.0!.0!7)63(&!,.0'#)%(&!*:&!3(&'.)%().&4! ! K4B8)-.3&!3#)#!/#!#)-#,#!%01.)%()>! "(&!').&!./.*.0'(&!1()*#0!.0').!&! B8)-.3&!3#)#!./!7)63(!%0-%&%2(m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

! B8)-.3&!,.!-(),#/.&>"#!,%&3(&%-%80!*69!3(&'.)%()!,.!'.)-.)!*(/#)!.0!/#!#)-#,#!&63.)%()! $#-.!P6.!.&'.!%0&')6*.0'(!3).&.0'.!60#!,%&3(&%-%80!,.!&6&!').&!-(*3(0.0'.&!*69!3.-6/%#)>! 60(&!.Q.&I!P6.!&.!,%&3(0.0!.0!:076/(!).-'(!6!(;'6&(!-(0!/#!#)'%-6/#-%80!9!/#&!#&#&!,./!18)-.3&I! 9!/#!#6'+0'%-#!3#)'.!#-'%2#!P6.!&.!,%&3(0.!.0!:076/(!).-'(!-(0!/(&!.Q.!#0'.&!,.&-)%'(mmmm#&3.-'(! ,.!;#9(0.'#4! ! B8)-.3&!,.!)#<-.&!&63.)%().&!(!,.!;#9(0.'#>!"#&!2#/2#&!,.0'#)%#&!3).&.0'#0!,(&!3#)'.&! 160,#*.0'#/.&>!60!.Q.!P6.!&#/.!.0!:076/(!(;'6&(!#/!.Q.!,.!/#!#&#&!9!/#!2#/2#!,.0'#)%#`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m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�!-6#0,(!0(!&.!$#!(;'.0%,(!60#!;6.0#!3).&#!-(0!!./!18)-.3&!,.!-6.)0(!,.! 2#-#!!3()!#6&.0-%#!,.!.&3#-%(!%0'.))#,%-6/#)4!=.!6'%/%J#0!'#*;%+0!.0!/#!.C(,(0-%#!,.!-(),#/.&! %01.)%().&!9!-(*(!-(*3/.*.0'(!,.!/#!.C(,(0-%#!-(0!./!-6.)0(!,.!2#-#I!60#!2.J!!/6C#,(!./! *(/#)I!&.!'.)*%0#!&6!.C')#--%80!-(0!./!3%-(!,.!/()(4! _(!&.!6'%/%J#!.0!/#!.C')#--%80!-(*3/.'#!,.!60!*(/#)!3()!./!.1.-'(!0.7#'%2(!,.!-(*3).&%80! &(;).!/#!-()(0#!,./!,%.0'.I!P6.!36.,.!,.'.)*%0#)!/#!1)#-'6)#!4!

B8)-.3&!,.!3%-(!,.!/()(!,.!6&(!1)(0'#/>!3).&.0'#!.0!./!;(),.!,.!-#,#!60#!,.!/#&!2#/2#&! ,.0'#)%#&!60!&#/%.0'.!(!3%0-$(`!/#!3#)'.!#-'%2#!&.!-#)#-'.)%J#!3()!&.)!-(*(!60#!3)(/(07#-%80! ,.!/(&!.Q.&!,.!/#&!#&#&!,./!18)-.3&I!#!-(0'%06#-%80!,.!/#!#)'%-6/#-%804! ! 5"5YF@ZH5=! =6!160-%80!.&.0-%#/!.&!.C')#.)!).&'(&!)#,%-6/#).&4!50!#/760(&!-#&(&!&.!6'%/%J#0!3#)#!/#! /6C#-%80!,.!,%.0'.&!-(*(!3#&(!3).2%(!,.!/#!.C')#--%80!,.0'#)%#4! F-'G#0!&.7G0!/(&!3)%0-%3%(&!,.!/#&!3#/#0-#&!,.!3)%*.)(!9!&.760,(!7+0.)(4! V(*3(0.0'.&>! m!*#07(!(!#&#! !!!!!!m!5Q.! !!!!!!m!O(Q#!,.0'#)%#! ]%3(&>! 5/.2#,().&!3#)#!/#!#)-#,#!&63.)%()>!./.2#,().&!).-'(! 5/.2#,().&!3#)#!/#!#)-#,#!%01.)%()>!./.2#,().&!,.!s%0'.)4! ! ].0.*(&!P6.!'.0.)!,(&!./.2#,().&!).-'(&I!,.!$(Q#!#0-$#!9!.&').-$#!9!60#!3#).Q#!,.! s%0'.)!/#)7(&!,./!0G*.)(!?N4! ! 5/.2#,().&!).-'(&! ! p0#!-#)#!,.!/#!$(Q#!,.0'#)%#!.&!-80-#2#!9!(')#!-(02.C#I!/#!-#)#!-80-#2#!&.!&%'G#!&(;).!./! ,%.0'.!(!/#!)#<J!3#)#!%0'.0'#)!&6!/6C#-%80!9!.C')#--%80!I!(!&8/(!&6!/6C#-%804! !!!"(&!./.2#,().&!).-'(&!,.!$(Q#!.&').-$#!&.!6'%/%J#!3#)#!)#<-.&!1%0#&!9!.&').-$#&4! !!!"(&!./.2#,().&!).-'(&!,.!$(Q#!#0-$#!3#)#!)#<-.&!#0-$#&I!)#<-.&!7)#0,.&!9!3#)#!/6C#)!(! .C')#.)!,%.0'.&4! ! 5/.2#,().&!-6)2(&!,.!s%0'.)! ! X#)#!/#!#)-#,#!%01.)%()I!#60P6.!-(0!1).-6.0-%#!&.!6'%/%J#0!'#*;%+0!.0!/#!#)-#,#!&63.)%()4! "#!$(Q#!,.0'#)%#!-(0!,(&!-#)#&I!60#!-(02.C#!9!(')#!-80-#2#I!&%.0,(!/#!-80-#2#!/#!P6.!&.! #,#3'#!#!/#!)#<J!(!./!,%.0'.4! ! ! ! ! ! ! ! ! !

\XLP?W!`!?N\Q^#LaW!V?!QR!\X]\V\W#LR"! ! ! 50!./!()%7.0!9!.2(/6-%80!,.!/#!()'(,(0-%#!,%&'%076%*(&!-6#')(!3.)%(,(&>! !

Y0&+%@%(Y&'B.H$")%]( ! 50! H(*#I! V./&%(! 3)(3(0<#! .Q.)-.)! 3).&%80! ,%7%'#/! &(;).! /#&! 3%.J#&! ,.0'#)%#&! P6.! &#/<#0! ,.&2%#,#&!3#)#!.0,.).J#)!&6!3(&%-%80!9!$#-.)/#&!.0')#)!.0!-()).-'(!#/%0.#*%.0'(4! V./&(! ).-(*.0,#;#! /#! .C(,(0-%#! ,./! ,%.0'.! '.*3()#/! -#6�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
Y0&+%@%(@0*(;%,)0F$%(7^@")%]( ! g#Q(!./!/%,.)#J7(!,.!F07/.I!/#!()'(,(0-%#!&.!2#!-(01%76)#0,(!-(0!/#&!,%*.0&%(0.&!-%.0'<1%-#&! P6.!$(9!/#!-#)#-'.)%J#04!B60,8!/#!?l!.&-6./#!,.!()'(,(0-%#4! ! 50!.&'.!3.)<(,(!&.!-(0&%,.)#!/#!#0(*#/<#!.0!./!#/%0.#*%.0'(!9!/#!3(&%-%80!,.0'#)%#!-(*(!60#! .01.)*.,#,!P6.!'%.0.!60#!.'%(/(7<#I!9!0.-.&%'#!,.!60!,%#708&'%-(!9!')#'#*%.0'(!-(*(!./!).&'(!

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g(0z%/! ,.&-)%;.! /(&! 3)%0-%3%(&! ;%(*.-:0%-(&! ,./! #3#)'(! .&'(*#'(70:'%-(4!Z33.0$.%*!.&'6,%#!-#*;%(&!.0!./!$6.&(!,6)#0'.!./!*(2%*%.0'(!,.0'#)%(4! ! !

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g)(#,;.0'!9! O(1)#'$!$#-.0!$%0-#3%+!.0!/#!%*3()'#0-%#!,.!/#!'./.))#,%(7)#1<#4!

! "#! ()'(,(0-%#! &.! $#-.! *:&! ()'(3+,%-#! .0! &6&! (;Q.'%2(&! 9! .0! &6&! *.,%(! '.)#3+6'%-(&4! "#&! #0(*#/<#&! *#/(-/6&%2#&! &(0! -(0&%,.)#,#&! -(*(! &%70(&! ,.0'#/.&! ,.! %0'.)1.).0-%#&! .0! ./! ,.&#))(//(!1#-%#/!.0!-69#!.'%(/(7<#!%0'.)2%.0.0!./!3#')80!*()1(7.0+'%-(I!-#6&#&!#*;%.0'#/.&!9! 1#-'().&!&%&'+*%-(&!P6.!%0-%,.0!.0!/#!1%&%(3#'(/(7<#!8&.#4!='(-i#),!.&!./!3)%*.)(!.0!,.-%)!P6.! /#&!*#/(-/6&%(0.&!'%.0.0!-%.)'(!-#):-'.)!7.0+'%-(4! "#! (-/6&%80! ,.0'#)%#! .&! -(0-.3'6#/*.0'.! ,.&3(Q#,#! ,.! -%.)'(&! *#'%-.&! .C-.&%2#*.0'.! *.-#0%-%&'#&! 9! P6.,#! ;%(/87%-#*.0'.! %0'.7)#,#! .0! ./! *#)-(! .&P6./+'%-(! 1#-%#/4! 50! .&'.! 3.)<(,(!#;60,#0!/#&!).1.).0-%#&!#!/#&!*#/(-/6&%(0.&!,.0'#/.&I!8&.#&!(!*6&-6/#).&!3()P6.!/(&! *.,%(&!,%#708&'%-(&!3.)*%'.0!%,.0'%1%-#0!*.Q()!/#!/(-#/%J#-%80!,.!/#!#0(*#/<#!1#-%/%'#0,(!60#! /#;()!-()).-'%2#!.&3.-<1%-#*.0'.!,%)%7%,#!$#-%#!./!1#-'()!.'%(/87%-(!).&3(0&#;/.4! ! !

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m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

?T]^VL\!V?!Q\T!:\V?Q\T"! ! !

X#)#! ).#/%J#)! 60! .&'6,%(! ,.! /(&! *(,./(&! 0.-.&%'#*(&! ).#/%J#)! 60#! %*3).&%80! #/! 3#-%.0'.! 9! /6.7(! 2#-%#)/#! -(0! .&-#9(/#! 3%.,)#4! "(&! (;Q.'%2(&!,./!.&'6,%(!,.!/(&!*(,./(&!&(0>! ! ?4

H./#-%80!.0').!/#&!#)-#,#&!,.0'#)%#&!.0!(-/6&%804!

K4

F0:/%&%&!%0,%2%,6#/!,.!/#&!#)-#,#&4!

M4

F0:/%&%&!,.!/#&!*#/3(&%-%(0.&!,.0'#)%#&!%0,%2%,6#/.&4!

N4

F0:/%&%&!,.!/#!,%&-).3#0-%#!8&.(m,.0'#)%#4!

! ! 40*')"A,(0,$&0(*'#(-&)'@'#(10,$'&"'#(0,(5)*?#"A,]( ( 2,(#0,$"@%(',$0&%F%#$0&"%&I( ( 50! ./! &.-'()! /#'.)#/>! 2#/()#).*(&! &%! ./! 3#-%.0'.! '%.0.! 60#! V/#&.! DI! V/#&.! DD! (! V/#&.! DDD! ,.! F07/.4! F07/.! 6'%/%J#;#! -(*(! ).1.).0-%#! .0! &6! -/#&%1%-#-%80! ,.! /#&! *#/(-/6&%(0.&! ./! 3)%*.)! *(/#)!&63.)%()!3.)*#0.0'.!3()P6.!-(0&%,.)#;#!P6.!3.)*#0.-<#!%02#)%#;/.!9!./!P6.!-#*;%#;#! .)#!./!%01.)%()4!50'(0-.&!'.0.*(&>! ! x V/#&.!D!E0()*#/A>!/#!-G&3%,.!*.&%(2.&'%;6/#)!,./!3)%*.)!*(/#)!&63.)%()!.&':!.0!./! *%&*(!3/#0(!P6.!./!&6)-(!2.&'%;6/#)!,./!3)%*.)!*(/#)!%01.)%()!3.)*#0.0'.4! ! x

V/#&.!DD>!/#!-G&3%,.!*.&%(2.&'%;6/#)!,./!3)%*.)!*(/#)!&63.)%()!.&':!3()!,./#0'.!,./! 3/#0(!,./!&6)-(!2.&'%;6/#)!,./!3)%*.)!*(/#)!%01.)%()!3.)*#0.0'[email protected]')(!,.!.&'#! .C%&'.0!,(&!'%3(&!9!&.!,%&'%076.0!3()!/#!3(&%-%80!,.!/(&!%0-%&%2(&>! ¾ @%2%&%80!?>!/(&!%0-%&%2(&!.&':0!3)(')6%,(&!9!.&':!#6*.0'#,(!./!).&#/'.4! ¾ @%2%&%80!K>!/(&!%0-%&%2(&!-.0')#/.&!.&':0!).')(%0-/%0#,(&!9!/(&!/#'.)#/.&! -(0! 60#! *#)-#,#! %0-/%0#-%80! 2.&'%;6/#)4! 5/! ).&#/'.! .&':! ,%&*%06%,(! 9! $#9!#6*.0'(!,.!/#!&(;).*(),%,#4!

! x

V/#&.!DDD>!/#!-G&3%,.!*.&%(2.&'%;6/#)!,./!3)%*.)!*(/#)!&63.)%()!.&':!3()!,.'):&!,./! 3/#0(!,./!&6)-(!2.&'%;6/#)!,./!3)%*.)!*(/#)!%01.)%()!3.)*#0.0'.4!

!

50!./!&.-'()!#0'.)%()>!2#/()#).*(&!,%&'%0'(&!1#-'().&>! ! X/('%1/>!.&!/#!,%&'#0-%#!.0!**!.0!/<0.#!).-'#!P6.!$#9!.0').!./!;(),.!%0-%&#/!,./!%0-%&%2(!P6.!.&'+! *:&! $#-%#! 16.)#! E7.0.)#/*.0'.! %0-%&%2(&! -.0')#/.&A! #! /#! -#)#! 2.&'%;6/#)! ,.! /(&! %0-%&%2(&! %01.)%().&4!X6.,.!&.)!,.!2#)%(&!'%3(&>! ! _()*#/>!?mK!**4! ".2.>!M!**4! L(,.)#,(>!Nmk!**4! F-.0'6#,(>!#!3#)'%)!,.!k!**4!

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b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

! ( -,H*"#"#(",@"G"@?'*(@0(*'#('&)'@'#]( ( Y#/()#).*(&!/(&!&%76%.0'.&!1#-'().&>! ! -]R(O2.3'!-/!%'!'.)'-'>!.C%&'.0!-6#')(!'%3(&!9!/#!*:&!$#;%'6#/!.&!/#!-(01%76)#-%80!(2#/4!

!

! ! !

8]R!X/%')*7,!)2,!/%!H&/(2!5'('%>!36.,.!&.)!,.!,(&!'%3(&>!;#&.!#3%-#/!;6.0#!(!;#&.!#3%-#/!.&').-$#4! !

;]R(2,(#0,$"@%($&',#G0&#'*(G'*%&'&0.%#(#"(0D"#$0I( ( #23<./(*7,>! P6.! 36.,.! &.)! 60%/#'.)#/! E#&%*+')%-#A! (! ;%/#'.)#/! E&%*+')%-#A4! "#! 1()*#! ,.! -(*3)(;#)/(!.&!*.,%)!/#!,%&'#0-%#!,.&,.!/(&!3)%*.)(&!*(/#).&!&63.)%().&!#!/#!/<0.#!*.,%#!,./! 3#/#,#)!9!2.)!&%!-(%0-%,.0!/#&!*.,%,#&4! V*%'1')*7,"! ! !

1]R(2,(#0,$"@%(',$0&%F%#$0&"%&(%C#0&G'&0.%#(#"(T'PI( ( 50!./!&.-'()!%0-%&%2(>!! ! B.21.&(*7,>!%0-/%0#-%80!$#-%#!2.&'%;6/#)4!"(&!,%.0'.&!&.!&.3#)#04! X/1.&(*7,>!%0-/%0#-%80!$#-%#!3#/#'%0(!(!/%076#/4!

! 50!./!&.-'()!/#'.)#/>! ! :*D.')*7,>!*(2%*%.0'(!,.0'#)%(!$#-%#!*.&%#/4! V*(1'%'3*/,12>!*(2%*%.0'(!,.0'#)%(!$#-%#!,%&'#/4!

! ! !

2]R! B%',2! \)%&('%>! 36,.! &.)! 3/#0(! (! -6)2(4! 50! .&'.! G/'%*(! -#&(! /#! -6)2#! P6.! 1()*#! &.! ,.0(*%0#!RV6)2#!,.!=3..U4!5C%&'.0!,%&'%0'(&!7)#,(&>! ! ".2.>!?mK!**4! L(,.)#,#>!MmN!**4! F-.0'6#,#>!*:&!,.!N!**4!

! ! -,H*"#"#(@0(*'#(.'*F%#")"%,0#(@0,$'&"'#(",@"G"@?'*0#]( ( R%1/.')*7,!-/%!,43/.2"! ! ¾

@%.0'.&!&63.)06*.)#)%(&4!

¾

X+),%,#!,.!,%.0'.&4!

¾

F7.0.&%#&4!

¾

!

@%.0'.&!%0-/6%,(&4!

R%1/.')*7,!/,!%'!/.&<)*7,"! ! ¾

H.')#&(!.0!/#!.)63-%804!

¾

F,./#0'(!.0!/#!.)63-%804!

! ! R%1/.')*7,!/,!%'!;2.3'"! ! ¾

g%7.*%0#-%80>!60#!3%.J#!,.0'#)%#!%0'.0'#!,%2%,%)&.!.0!,(&4!

¾

@%.0'.!-80%-(>!,%.0'.!-(0!#&3.-'(!,.!7)#0(!,.!#))(J4!

¾

X%.J#!&%0!(!-(0!,(&!'6;+)-6/(&!,.!V#)#;.//%4!

¾

X).*(/#)!*(/#)%J#,(>!./!3).*(/#)!3).&.0'#!60!#&3.-'(!#/#)7#,(!*.&%(,%&'#/*.0'.!9!-(*3)%*%,(!.0!&.0'%,(! 2.&'%;6/(/%076#/4!

! ! R%1/.')*2,/(!-/!1'3'_2"! ! ¾

L#-)(,(0-%#4!

¾

L%-)(,(0-%#4!

! ! R%1/.')*2,/(!/,!(/,1*-2!=/.1*)'%"! ! ¾

@%.0'.!.C')6%,(>!#P6./!P6.!&(;).3#&#!./!3/#0(!(-/6&#/4!

¾

@%.0'.!%0')6%,(>!#P6./!P6.!0(!//.7#!#/!3/#0(!(-/6&#/4!

¾

@%.0'.!%*3#-'#,(>!'#*3(-(!//.7#0!#/!3/#0(!(-/6&#/!3()P6.!0(!36.,.0!-(0&.76%)!.)63-%(0#)4!

! ! R%1/.')*2,/(!/,!(/,1*-2!=/(1+5&%29%*,D&'%"! ! ¾

Y.&'%;6/%J#-%80!

¾

"%076#/%J#-%804!

! ! R%1/.')*7,!/,!(/,1*-2!',1/.29<2(1/.*2."! ! ¾

L.&%#/%J#-%804!

¾

@%&'#/%J#-%804!

! ! X21')*2,/("! ! ¾

H('#-%80>!.&'.!'+)*%0(!&.!).1%.).!&8/(!#!/(&!3)%*.)(&!*(/#).&!3.)*#0.0'.&!3()P6.!)('#0!&%.*3).!%76#/4!

¾

L.&%(m2.&'%;6/(!)('#-%804!

¾

L.&%(m/%076(!)('#-%804!

¾

@%&'(m2.&'<;6/(!)('#-%804!

¾

@%&'(m/%076(!)('#-%804!

! ! -,H*"#"#(@0(*'(@"#)&0F',)"'(A#0%R@0,$'&"']( ( "#!,%&-).3#0-%#!8&.(!,.0'#)%#!!.&!/#!,%1.).0-%#!.0').!./!.&3#-%(!$#;%'#;/.!9!./!'#*#[(!,.0'#/4! X#)#!-#/-6/#)/#!0(&!$#-.!1#/'#!60!-#/%;).!9!/(&!*(,./(&!,./!3#-%.0'.4! 5/! .&3#-%(! $#;%'#;/.! .&! #P6./! ,./! P6.! &.! ,%&3(0.! .0! -#,#! 60(! ,.! /(&! *#C%/#).&! .0! &6! J(0#! #/2.(/#)! 3#)#! -(/(-#)! -#,#! 60(! ,.! /(&! ,%.0'.&4! X#)#! *.,%)/(! ,%2%,%*(&! /#! #)-#,#! .0! -6#')(! &.-'().&>! ! F>!,.!*.&%#/!,./!3)%*.)!*(/#)!#!*.&%#/!,./!-#0%0(4! g>!,./!*.&%#/!,./!-#0%0(!#!*.&%#/!,./!%0-%&%2(!-.0')#/4! V>!,.!*.&%#/!,./!%0-%&%2(!-.0')#/!-(0')#/#'.)#/!#!*.&%#/!,./!-#0%0(4! @>!,.!*.&%#/!,./!-#0%0(!#!*.&%#/!,./!3)%*.)!*(/#)4! ! p0#! 2.J! *.,%,(&! /(&! -6#')(! &.-'().&! &.! &6*#0! '(,#&! /#&! -%1)#&! 9! (;'.0,).*(&! ./! .&3#-%(! $#;%'#;/.4! ! 5/! '#*#[(! ,.0'#/! .&! /#! &6*#! ,./! '#*#[(! *.&%(,%&'#/! ,.! -#,#! 3%.J#! ,.0'#)%#4! 50! ./! -#&(! ,.! '.0.)! '(,#! /#! ,.0'%-%80! 3.)*#0.0'.! .)63-%(0#,#! &.! *%,.! ,.&,.! 60(! ,.! /(&! 360'(&! ,.! -(0'#-'(! #/! (')(4! =%! 1#/'#&.! #/7G0! ,%.0'.I! ,.0'%-%80! *%C'#! Kl! 1#&.I! ! /.! ,#*(&! ./! 2#/()! ,./! .P6%2#/.0'.!-(0')#/#'.)#/4!=%!1#/'#&.0!K!(!*:&!3%.J#&!&.!-#/-6/#!3()!*.,%(!,.!60#!18)*6/#>! ! ?4

L.,%*(&!'#*#[(!*.&%(,%&'#/!,.!-6#/P6%.)!,%.0'.!.0!./!*(,./(!E]L?A4!

K4

L.,%*(&!./!'#*#[(!,./!*%&*(!,%.0'.!.0!/#!)#,%(7)#1<#!E]H?A4!

M4

L.,%*(&!./!'#*#[(!,./!,%.0'.!P6.!1#/'#!.0!/#!)#,%(7)#1<#!E]HKA4!

N4

O#-.*(&!60#!).7/#!,.!').&>!

!

]L?!! ]H?! a!

!

]HK!

! @(0,.!a!.&!./!'#*#[(!,./!,%.0'.!P6.!1#/'#4! 50!./!-#&(!,.!P6.!1#/'.!60!&.-'()!-(*3/.'(I!,.0'%-%80!*%C'#!?l!1#&.I!6'%/%J#).*(&!/#&!'#;/#&!,.! L(9.)&4! X#)#! .//(! 0.-.&%'#*(&! &#;.)! ./! '#*#[(! ,.0'#)%(! ,.! /(&! -6#')(! %0-%&%2(&! %01.)%().&4! p0#!2.J!(;'.0%,(!.&'.!2#/()!2#*(&!#!/#&!'#;/#&!9!(;'.0,).*(&!/(&!,.*:&!2#/().&4! ! B%0#/*.0'.!60#!2.J!$.-$#!/#!,%1.).0-%#!&.!36.,.0!,#)!').&!-#&(&>! ! x

=%!/#!,%&-).3#0-%#!8&.(m,.0'#)%#!.&!0.7#'%2#I!0(&!1#/'#):!&%'%(!3#)#!-(/(-#)!'(,(&!/(&!,%.0'.&!.0!&6! /67#)4!

x

=%!/#!,%&-).3#0-%#!8&.(m,.0'#)%#!.&!%76#/!#!bI!'.0.*(&!./!&%'%(!Q6&'(!3#)#!-(/(-#)!/#&!3%.J#&!,.0'#)%#&4!

x

=%!/#!,%&-).3#0-%#!8&.(m,.0'#)%#!.&!3(&%'%2#I!0(&!&(;)#):!&%'%(!3#)#!-(/(-#)!'(,#&!/#&!3%.J#&4!

! ! X#)#!#6*.0'#)!./!.&3#-%(!.0!./!-#&(!,.!P6.!/#!,%&-).3#0-%#!&.#!0.7#'%2#!3(,.*(&>! ! x

X)(')6%)!./!&.-'()!#0'.)%()4!

x

h#&'#)!/(&!,%.0'.&!.0!&6!-#)#!*.&%#/!(!,%&'#/4!

x

5C3#0,%)!/#!#)-#,#4!

x

H.#/%J#)!.C(,(0-%#&4!

! ! @.3.0,%.0,(!,.!/#!,%&-).3#0-%#!&.!6'%/%J#):0!60#&!'+-0%-#&!6!(')#&>! ! x

=%!/#!,%&-).3#0-%#!.&!,.!b!}!M!**!7#&'#).*(&!,%.0'.&4!

x

=%!/#!,%&-).3#0-%#!.&!,.!M!}!c!**!.&'#*(&!.0!./!.-6#,()!P6.!,%2%,.!/#!,.-%&%80!,.!).#/%J#)!.C(,(0-%#&! (!0(!).#/%J#)/#&4!

x

=%!/#!,%&-).3#0-%#!.&!*#9()!,.!c!**!,.;.).*(&!).#/%J#)!.C(,(0-%#&4!

! ! X()!./!-(0')#)%(!&%!/#!,%&-).3#0-%#!8&.#!.&!3(&%'%2#I!,.;.*(&!-.))#)!.&.!.&3#-%(!&(;)#0'.!-(0! ,%&'%0'#&!'+-0%-#&>! !

x

V(*3)%*%)!/#!#)-#,#4!

x

F6*.0'#)!./!'#*#[(!*.&%(,%&'#/!,.!/(&!,%.0'.&4!

x

H.')6%)!./!&.-'()!#0'.)%()4!

! ! p0#!,.!/#&!1()*#&!.0!/#&!P6.!/#!/(07%'6,!,.!#)-#,#!&.!2.!,%&*%06%,#!.&!.0!/(&!-#&(&!.0!/(&!P6.! .C%&'.! -(*3).&%80! ,.! /#! *%&*#4! 5C%&'.0! 2#)%(&! <0,%-.&! 3#)#! 2#/()#)! .&'#! -%)-60&'#0-%#4! 50! -(0-).'(!&(0!-%0-(!<0,%-.&I!-6#')(!3#)#!,.0'%-%80!3.)*#0.0'.!9!60(!3#)#!,.0'%-%80!'.*3()#/4!

X,@")0(@0(7'P%&'*]( ( ](*#!-(*(!).1.).0-%#!').&!*.,%,#&>! ! x

F0-$6)#!.0').!/(&!?j!3).*(/#).&!'%.0.!P6.!&.)!Mk!**4!

x

F0-$6)#!.0').!/(&!Kj!3).*(/#).&!'%.0.!P6.!&.)!N?!**4!

x

F0-$6)#!.0').!/(&!?j!*(/#).&!'%.0.!P6.!&.)!Nf!**4!

! =%!/#&!*.,%-%(0.&!P6.!).#/%-.*(&!.0!./!3#-%.0'.!.&':0!3()!,.;#Q(!,.!.&'(&!2#/().&!P6%.).!,.-%)! P6.! /#! #)-#,#! .&':! -(*3)%*%,#4! "6.7(! ,.;.*(&! 2.)! &%! ,%-$#! -(*3).&%(0.&! &%*+')%-#! (! #&%*+')%-#4!X()!./!-(0')#)%(!&%!/#&!*.,%-%(0.&!.&':0!3()!.0-%*#!,.!.&'(&!2#/().&!/#!#)-#,#!.&':! ,%/#'#,#4! ! !

X,@")0(@0(9c'&@]( ( ](*#! -(*(! ).1.).0-%#! /#! #0-$6)#! ,.! /(&! ?j! *(/#).&! 9! .&'#;/.-.! 60#! 18)*6/#>! /#! #0-$6)#! ;%-%7(*:'%-#! *.0(&! ?b! **! E.&3.&()! ,.! /#&! 3#)'.&! ;/#0,#&A! ,%2%,%,(! .0').! ,(&! .&! %76#/! #! /#! #0-$6)#!;%*(/#)4! !

! =%! /#! #0-$6)#! ;%*(/#)! .&! *#9()! P6.! ./! ).&6/'#,(! ,.! /#! 18)*6/#! .C%&'.! ,%/#'#-%804! X()! ./! -(0')#)%(! &%! &.! ,#! /#! &%'6#-%80! %02.)&#I! .&! ,.-%)I! ./! ).&6/'#,(! ,.! /#! 18)*6/#! .&! *#9()! P6.! /#! #0-$6)#!;%*(/#)!.C%&'.!-(*3).&%804! ! !

X,@")0(@0(Y%,$](

! p'%/%J#!-(*(!).1.).0-%#!,(&!*.,%,#&>! ! "#!,%&'#0-%#!P6.!$#9!.0').!/(&!,(&!?j!3).*(/#).&!*.,%,#!,.&,.!./!-.0')(!,.!&6!-#)#!(-/6&#/4! "#! ,%&'#0-%#! P6.! $#9! .0').! /(&! ,(&! ?j! *(/#).&! *.,%,#! ,.&,.! ./! -.0')(! ,.! &6! -#)#! (-/6&#/! '#*;%+04! ! F/! %76#/! P6.! DJ#),! .&'#;/.-.! 60#! 18)*6/#>! ./! '#*#[(! *.&%(,%&'#/! ,.! /(&! -6#')(! %0-%&%2(&! 3.)*#0.0'.&! &63.)%().&! *6/'%3/%-#,(! 3()! -%.0! 9! ,%2%,%,(! .0').! /#! ,%&'#0-%#! ,.! /(&! ?j! 3).*(/#).&!'%.0.!P6.!&.)!%76#/!#!db!**4!X.)(!'#*;%+0I!./!'#*#[(!*.&%(,%&'#/!,.!/(&!-6#')(! %0-%&%2(&! &63.)%().&! *6/'%3/%-#,(! 3()! -%.0! 9! ,%2%,%,(! .0').! /#! ,%&'#0-%#! ,.! /(&! 3)%*.)(&! *(/#).&!'%.0.!P6.!&.)!%76#/!#!cb!**4! !

! =%! ./! ).&6/'#,(! ,.! /#! 18)*6/#! .&! *#9()! P6.! ./! 2#/()! P6.! $#9! ,.&36+&! ,./! %76#/! .C%&'.! -(*3).&%804!=%!3()!./!-(0')#)%(!./!2#/()!,.!,.&36+&!,./!%76#/!.&!*#9()!P6.!./!).&6/'#,(!,.!/#! 18)*6/#!$#9!,%/#'#-%804! ! (

X,@")0(@0(;'&&0']( ! ](*#! -(*(! ).1.).0-%#! /#! #0-$6)#! ,.! /(&! 3)%*.)(&! *(/#).&! 9! .&'#;/.-.! 60#! 18)*6/#>!/#!&6*#!,.!/(&!,%:*.')(&!*.&%(,%&'#/.&!,.!/(&!,%.0'.&!,.!60#!$.*%#)-#,#! &63.)%()! ,.&,.! ./! %0-%&%2(! -.0')#/! $#&'#! ./! 3)%*.)! *(/#)! ,%2%,(! .0').! /#! #0-$6)#! *(/#)!.&!%76#/!#!60(4!

! ! ! =%! ./! ).&6/'#,(! .&! *#9()! ,.! 60(! .C%&'.! -(*3).&%80I! &%0! .*;#)7(! &%! .&! *.0()! ,.! 60(! $#9! ,%/#'#-%804! ! !

X,@")0(@0(8%B?0]( ! 5&'.! <0,%-.! &.! 6'%/%J#! .0! ,.0'%-%80! '.*3()#/4! p'%/%J#! -(*(! ).1.).0-%#! /#! #0-$6)#! ,.! /(&! ?j! *(/#).&!'.*3()#/.&4!5&'#!,%&'#0-%#!,.;.!&.)!,.!Mb!**4! ! =%! /#! *.,%,#! P6.! '(*#*(&! .0! ./! 3#-%.0'.! .&! *.0()! ,.! Mb! **! .C%&'.! -(*3).&%804! X()! ./! -(0')#)%(!&%!.&!*#9()!,.!Mb!**!$#9!&(;)..C3#0&%804! ! 5/!*('%2(!,.!P6.!'(,(&!/(&!<0,%-.&!&.!).1%.)#0!#!/#!#)-#,#!&63.)%()!.&!P6.!/#&!.C3#0&%(0.&!&.! ).#/%J#0!.0!/#!#)-#,#!&63.)%()4! ! ]#*;%+0!.C%&'.!60#!3/#0'%//#!-6#,)%-6/#,#!3#)#!2#/()#)!/#!-(*3).&%804! !

5;6L39:=]( ( ! "#!(-/6&%80!.&!60#!,.!/#&!;#&.&!,.!/#!()'(,(0-%#4!"#!(;'.0-%80!,.!60#!;6.0#!(-/6&%80!.&!./! ).&6/'#,(! ,.! 60! ;6.0! ')#'#*%.0'(I! 3.)(! 06.&')(! (;Q.'%2(! 160,#*.0'#/! .&! -(0&.76%)! 60#! ;6.0#! 160-%804! "#! (-/6&%80! .&! 60#! ,.! /#&! 2#)%#;/.&! P6.! ,.;.*(&! %)! #Q6&'#0,(! ,6)#0'.! ./! -).-%*%.0'(!,./!0%[(4! ! ].0.*(&!,(&!'%3(&!,.!(-/6&%80>! ! x

Z-/6&%80!.&':'%-#4!

x

Z-/6&%80!,%0:*%-#4!

! 50!/#!(-/6&%80!.&':'%-#!2.*(&!-(*(!(-/69.0!/#&!-G&3%,.&!9!1(&#&!&63.)%().&!.!%01.)%().&!&%0! *(2%*%.0'(4!5&!60!3)(-.&(!.&':'%-(!P6.!/(!2.*(&!.0!/(&!*(,./(&4! ! 50!/#!(-/6&%80!,%0:*%-#!2.*(&!/#!)./#-%80!,%0:*%-#!.0').!/#!#)-#,#!&63.)%()!.!%01.)%()4!"(! 2.).*(&! .0! ./! 3#-%.0'.4! 5/! .&'6,%(! ,.! /#! (-/6&%80! ,%0:*%-#! .*3.J8! -(0! g.00.''! P6.! -(*%.0J#!#!$#;/#)!,.!/#!3(&%-%80!,.!,.&-#0&(!*#0,%;6/#)!E.&!#P6.//#!.0!/#!P6.!/(&!,%.0'.&!,.! #*;#&!#)-#,#&!.&':0!&.3#)#,(&!KmM!**!9!/(&!/#;%(&!&6#2.*.0'.!-.))#,(&A4! ! "#!(-/6&%80!0()*#/!6!(-/6&%80!83'%*#!3(&%;/.I!.&!#P6.//#!/(!*:&!3#).-%,#!#!/#!%,.#/!P6.!36.,.! /(7)#)&.!.0!-#,#!3#-%.0'.!,.&36+&!,.>! ! x

B%0#/%J#,(!./!')#'#*%.0'(4!

x

H.-63.)#,(&!9!.&'#;%/%J#,(&!/(&!'.Q%,(&4!

! ! 10#'&&%**%(!"#$A&")%(@0(*'(5)*?#"A,]( ( @%&'%076%*(&!').&!3.)%(,(&>! ! ?4

X.)%(,(!B%-'%-%(!E?nbbA4!

K4

X.)%(,(!O%3('+'%-(!E?nbbm?nMbA4!

M4

X.)%(,(!,.!O.-$(&!Y.)<,%-(&!E?nMbA4!

! 50! ./! B/.*2-2! O*)1*)*2! /(&! ,%.0'.&! .)#0! -(0&%,.)#,(&! -(*(! #/7(! P6.! ,.;<#! .&'#)! .0! -(0'#-'(! <0'%*(!-(0!&6&!2.-%0(&4!"(&!3)('.&%&'#&!,.1%0<#0!./!-(0-.3'(!,.!(-/6&%804!

! 50! ./! B/.*2-2! Z*<21$1*)2I! F07/.! $#;/#! ,.! /#! )./#-%80! %0'.),.0'#)%#! -(*(! #Q6&'.! -G&3%,.m1(! ]#*;%+0!0(&!$#;/#!,.!/#!/<0.#!,.!(-/6&%80I!P6.!.&!#P6.//#!.0!/#!-6#/!/(&!,%.0'.&!&63.)%().&!.! %01.)%().&! -(0'#-'#0! -(0! *#9()! -#0'%,#,4! 5/! -(0-.3'(! ,.! (-/6&%80! &%76.! &%.0,(! .&':'%-(4! 50'(0-.&!g.00.''!%0')(,6-.!./!-(0-.3'(!,.!(-/6&%80!,%0:*%-#!9!-(0-).'#*.0'.!,.!3(&%-%80! ,.!,.&-#0&(!1%&%(/87%-(4! ! 50!./!X.)%(,(!,.!/(&!O.-$(&!Y.)<,%-(&!,.&'#-#0!').&!.&-6./#&>! !

2#)?0*'(F&%$^$")'(

! p'%/%J#0! 3#)#! ./! *(0'#Q.! ,.! &6&! 3)8'.&%&! ./! -(0-.3'(! ,.! F07/.! ,.! P6.! /(&! ?j! *(/#).&! &63.)%().&! (-/69.0! -(0! &6&! ).&3.-'%2(&! %01.)%().&4! V(*%.0J#0! #! (;&.)2#)! /(&! *(2%*%.0'(&! -(0,%/#).&! 9! /(&! )./#-%(0#0! -(0! /#&! 3(&%-%(0.&! (-/6&%2#&4! ]#*;%+0! -(*%.0J#0! #! 6'%/%J#)! ./! #)'%-6/#,()4!@.!.&'#!.&-6./#!,.&'#-#0!,(&!'.()<#&>! ! ! S0%&+'(@0(*'(0#E0&']( ( ?l!V6)2#!EV6)2#!,.!=3..A>!!.&'#!-6)2#!'%.0.!)./#-%80!-(0!/#&!%0-/%0#-%(0.&!#C%#/.&!,.!-#,#!60(! ,.!/(&!,%.0'.&!9!-(0!/#!-#)#!#0'.)%()!,./!-80,%/(4!5/!-.0')(!,.!.&'#!-6)2#!.&':!M!-*!3()!,.'):&! ,./!_#-%804!5&'#!-6)2#!&.!2.!.0!&.0'%,(!#0'.)(3(&'.)%()4! Kl!V6)2#!EV6)2#!,.!s%/&(0A>!&.!2.!.0!&.0'%,(!')#0&2.)&#/4!](*#0,(!-(*(!).1.).0-%#!./!.Q.! #C%#/! ,.! /(&! ,%.0'.&! &.! #3).-%#! P6.! /(&! ,%.0'.&! %01.)%().&! .&':0! /%7.)#*.0'.! %0-/%0#,(&! $#-%#! 2.&'%;6/#)! 9! 3#)#! 3(,.)! (-/6%)! -(0! .&'(&I! /(&! %01.)%().&! .&':0! /%7.)#*.0'.! %0-/%0#,(&! $#-%#! /%076#/4!])#J#0,(!/#!-6)2#!P6.!60.!/#&!-()(0#&!(;'.0.*(&!/#!-6)2#!,.!s%/&(04!5/!-.0')(!,.! .&'#!.&!./!*%&*(!P6.!.0!./!-#&(!#0'.)%()4! F/!'.0.)!#*;#&!-%)-601.).0-%#&!./!*%&*(!-.0')(!(;'.0.*(&!60#!.&1.)#4! ! ! S0%&+'(@0(/P#"]( ( 5&'.!,.-<#!P6.!-(0!/#!*#0,<;6/#!&.!36.,.0!$#-.)!60#!&.)%.!,.!*(2%*%.0'(&>! ! x

L(2%*%.0'(&!,.!#3.)'6)#!9!-%.)).>!-#)0<2()(&4!

x

L(2%*%.0'(&!,.!/#'.)#/%,#,>!)6*%#0'.&4!

x

L(2%*%.0'(&!#0'.)(m3(&'.)%().&>!)(.,().&4!

! !

5&-6./#!B60-%(0#/4! ! =6!3).*%&#!.)#!P6.!/(&!*G&-6/(&!&(0!/(&!P6.!).#/%J#0!/#!160-%80!9#!P6.!76<#0!/#!*#0,<;6/#4! !

5&-6./#!g%(/87%-#4! ! @%-.0!P6.!/#!(-/6&%80!)#)#*.0'.!.&!3.)1.-'#4!5C%&'.0!2#)%#-%(0.&!%0,%2%,6#/.&I!%0-/6&(!,.0')(! ,.!60!*%&*(!%0,%2%,6(4! ! =.7G0!=')#07!/#!(-/6&%80!,.0'#)%#!0()*#/!.&!60!-(*3/.Q(!1()*#,(!3()>! ! x

@%.0'.&4!

x

L.*;)#0#!3.)%(,(0'#/4!

x

O6.&(!#/2.(/#)4!

x

O6.&(!;#&#/4!

x

LG&-6/(&4!

! ](,(&! .&'(&! -(*3(0.0'.&! ,.;.0! .&'#)! .0! .P6%/%;)%(4! =%! &.! ,.&-(*3.0�! &.! )(*3.! /#! (-/6&%804! "(&! 3/#0(&! %0-/%0#,(&! P6.! 1()*#0! /#&! -G&3%,.&! ,.! /(&! 3).*(/#).&I! 9! /(&! ;(),.&! %0-%&#/.&I! ,.;.0!76#),#)!60#!)./#-%80!,.1%0%,#!E-G&3%,.m1(&#A4! ! V#,#! ,%.0'.! %0,%2%,6#/*.0'.! ,.;.! .&'#)! .0! 60#! 3(&%-%80! ,.! .P6%/%;)%(! -(0! ./! $6.&(! P6.! /(! &(3()'#4! F! &6! 2.J! -#,#! ,%.0'.! ,.;.! .&'#)! .0! -(0'#-'(! <0'%*(! -(0! &6&! 2.-%0(&4! @.;.0! '.0.)! 60#! %0-/%0#-%80!,./!.Q.!#C%#/!3#)#!.&'#)!.0!.P6%/%;)%(4! ! 5/!-).-%*%.0'(!8&.(!1#-%#/!,.;.!.&'#)!.0!#)*(0<#!-(0!./!).&'(!,.!/#&!.&')6-'6)#&!-)#0.#/.&4! ! ! Y%#")"%,0#(7',@"C?*'&0#]( ( B2(*)*7,!-/!V/()',(2>!.&!#P6.//#!3(&%-%80!.0!/#!P6.!/(&!,%.0'.&!.&':0!&.3#)#,(&!,.!KmM!**!E0(! $#9!-(0'#-'(!.0').!#*;#&!#)-#,#&A4!]#*;%+0!.C%&'.!)./#Q#-%80!*6&-6/#)I!-(0!/(!-6#/!./!7#&'(! .0.)7+'%-(!.&!*<0%*(4!L(9.)&!/#!,.0(*%0#!X(&%-%80!_#'6)#/4! ! B2(*)*7,!\)%&('%>!.&!#P6.//#!3(&%-%80!.0!/#!P6.!'(,(&!/(&!,%.0'.&!.&':0!.0!-(0'#-'(4!=.!3)(,6-.! #/! 1%0#/! ,.! /#! *#&'%-#-%80! 9! .0! /#! ,.7/6-%804! 50! .&'.! -#&(! .C%&'.! #-'%2%,#,! *6&-6/#)! E-(0')#--%80A!9!3()!/(!'#0'(!7#&'(!.0.)7+'%-(4!L(9.)&!/#!,.0(*%0#!Z-/6&%80!p&6#/4! ! B2(*)*7,!#$,1.*)'>!.&!#P6.//#!.0!/#!-6#/!/(&!-80,%/(&!).#/%J#0!60!*(2%*%.0'(!,.!)('#-%80!36)(4! !

6*'G0#(@0(*'(5)*?#"A,](;'&')$0&+#$")'#(@0(*'(=%&.%%)*?#"A,]( ( ?4

"#!#)-#,#!&63.)%()!.&!*#9()!.0!'(,(!&6!-(0'()0(!P6.!/#!%01.)%()!3()!.&(!/#!-6;).I!'#0'(!.0!&.0'%,(! ')#0&2.)&#/!-(*(!#0'.)(3(&'.)%()I!.C-.3'(!.0!/#!J(0#!3(&'.)%()!P6.!'.)*%0#!.0!3/#0(!).-'(4!

K4

X(,.*(&!,.1%0%)!').&!/<0.#!.0!#*;#&!#)-#,#&>!

M4

! x

"<0.#!-6&3<,.#!.C'.)0#>!#P6.//#!P6.!60.!/#&!-G&3%,.&!2.&'%;6/#).&4!

x

"<0.#!,.!1%&6)#&>!#P6.//#!P6.!60.!1(&#&!9!1%&6)#&4!

x

"<0.#!-6&3<,.#!%0'.)0#>!#P6.//#!P6.!60.!/#&!-G&3%,.&!/%076#/.&!(!3#/#'%0#&4!

x

"#! /<0.#! -6&3<,.#! .C'.)0#! %01.)%()! -(0'#-'#! -(0! /#! /<0.#! ,.! 1%&6)#&! &63.)%()I! 9! /#! /<0.#! ,.! 1%&6)#&! %01.)%()!-(0'#-'#!-(0!/#!/<0.#!-6&3<,.#!%0'.)0#!&63.)%()4!

! N4

F!0%2./!#0'.)%()!,.;.!$#;.)!60!).&#/'.!,.!K!**!9!60#!&(;).*(),%,#!,.!?tM4!

k4

V#,#!,%.0'.!(-/69.!-(0!,(&!,.!/#!#)-#,#!-(0')#)%#I!.C-.3'(!./!'.)-.)!*(/#)!&63.)%()!9!./!%0-%&%2(!-.0')#/! %01.)%()4!

c4

"#!/<0.#!*.,%#!,.;.!.&'#)!-.0')#,#4!

f4

]%.0.!P6.!.&'#)!3).&.0'.!'#0'(!/#!-6)2#!,.!=3..!-(*(!/#!,.!s%/&(04!

d4

"#!-G&3%,.!,./!-#0%0(!&63.)%()!'%.0.!P6.!(-/6%)!.0!./!.&3#-%(!%0'.)3)(C%*#/!.0').!./!-#0%0(!%01.)%()!9!./! ?j!3).*(/#)!%01.)%()4!

n4

"(&!?j!*(/#).&!0(!'%.0.0!P6.!.&'#)!)('#,(&4!"#!#0-$6)#!*:C%*#!,.!/#!#)-#,#!.&!#!/#!#/'6)#!,.!/(&!?j! *(/#).&!&63.)%().&!.0!&6!-#)#!2.&'%;6/#)4!

?b4 50! *(2%*%.0'(&! ,.! 3)(')6&%80! &(/(! -(0'#-'#0! /(&! %0-%&%2(&4! 50! *(2%*%.0'(&! ,.! /#'.)#/%,#,! &(/(! -(0'#-'#0!/(&!-#0%0(&4! ??4 5/!:076/(!1()*#,(!3()!./!.Q.!#C%#/!,.!/(&!%0-%&%2(&!&63.)%().&!9!,.!/(&!%0-%&%2(&!%01.)%().&!.&!,.!?Mkj4! 5/! ;(),.! %0-%&#/! ,.! /(&! %0-%&%2(&! %01.)%().&! '%.0.0! P6.! .&'#)! .0! -(0'#-'(! -(0! /#! -#)#! 3#/#'%0#! ,.! /(&! &63.)%().&4!

! ! !

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x

H.60%)!/#&!*#/(-/6&%(0.&!.0!3.P6.[(&!7)63(&4!

x

F7)63#)/#&!3()!-#&(&!P6.!).P6%.).0!./!*%&*(!3/#0!,.!')#'#*%.0'(4!

x

B#-%/%'#)!./!-(0(-%*%.0'(!,.!/#!.'%(/(7<#!9!&6!3)(08&'%-(!

x

F/!-(7.)!60!,.'.)*%0#,(!7)63(!&#;).*(&!./!')#'#*%.0'(!P6.!,.;.*(&!#3/%-#)/.4!

! ! ](,#!-/#&%1%-#-%80!,.;.!-6*3/%)!60#&!-(0,%-%(0.&>! ! x

@.;.!&.)!&%*3/.!9!-/#)#!3#)#!1#-%/%'#)!&6!.*3/.(4!

x

@.;.!&.)!-(*3/.'#!3#)#!.2%'#)!-(016&%(0.&4!

x

@.;.! &.)! .C#-'#! 3#)#! 3(,.)! ).#/%J#)! 60! ;6.0! ,%#708&'%-(! 9! #! /#! 2.J! ).#/%J#)! 60! ;6.0! 3/#0! ,.! ')#'#*%.0'(4!

! ! @(&!1()*#&>! ! ?4

V(0!).&3.-'(!#!/#!(-/6&%80!,.!/(&!,%.0'.&4!

! x

F07/.4!

x

@.z.94!

!

x

"%&-$.)4!

x

](3(7):1%-#4!

K4

V(0!).&3.-'(!#!/#!)./#-%80!*#C%/#)!9!*#0,%;6/#)!-(0!/(&!$6.&(&!,.!/#!;#&.!,./!-):0.(4!

! x

=%*(04!

x

V#)).#4!

x

5'%(3#'(7+0%-#4!

! ! ! -,B*0>!;#&#!&6!-/#&%1%-#-%80!.0!/#!)./#-%80!,.!/#!*#0,<;6/#!-(0!./!*#C%/#)>! ! x

#%'(/! L>! ./! -6.)3(! *#0,%;6/#)! 9! &6! -()).&3(0,%.0'.! #)-#,#! .&':0! .0! 60#! 3(&%-%80! #0'.)(3(&'.)%()! -()).-'#!-(0!).&3.-'(!#/!*#C%/#)4!"(&!?j!*(/#).&!.&':0!.0!V/#&.!D!E-G&3%,.!*.&%(2.&'%;6/#)!,./!?j!*(/#)! &63.)%()!(-/69.!.0!./!&6)-(!*.&%(2.&'%;6/#)!,./!?j!*(/#)!%01.)%()A4!

x

! x

#%'(/!LL>!./!-6.)3(!*#0,%;6/#)!9!&6!-()).&3(0,%.0'.!#)-#,#!.&':0!.0!60#!3(&%-%80!,%&'#/!-(0!).&3.-'(!#/! *#C%/#)4!"(&!?j!*(/#).&!.&':0!.0!V/#&.!DD!E-G&3%,.!*.&%(2.&'%;6/#)!,./!?j!*(/#)!&63.)%()!(-/69.!,%&'#/! #/!&6)-(!*.&%(2.&'%;6/#)!,./!?j!*(/#)!%01.)%()A4!

! x

#%'(/!LLL>!./!-6.)3(!*#0,%;6/#)!9!&6!-()).&3(0,%.0'.!#)-#,#!.&':0!.0!60#!3(&%-%80!*.&%#/!-(0!).&3.-'(! #/! *#C%/#)4! "(&! ?j! *(/#).&! .&':0! .0! V/#&.! DDD! E-G&3%,.! *.&%(2.&'%;6/#)! ,./! ?j! *(/#)! &63.)%()! (-/69.! *.&%#/!#/!&6)-(!*.&%(2.&'%;6/#)!,./!?j!*(/#)!%01.)%()A4!

! ! ! 10e0P>!3.)1.--%(0#!/#!-/#&%1%-#-%80!,.!F07/.4!V(0&%,.)#!P6.!/#!V/#&.!DD!,.!F07/.!.&!-()).-'#! 3.)(!3.)1.--%(0#!/#!V/#&.!D!9!/#!V/#&.!DDD4! ! "#!V/#&.!D!,.!F07/.!/#!&6;,%2%,.!.0!-%0-(>! ! x

D0-%&%2(&!#3%[#,(&!9!-#0%0(&!2.&'%;6/%J#,(&4!

x

D0-%&%2(&!&63.)%().&!2.&'%;6/%J#,(&4!

x

p0(!(!*:&!%0-%&%2(&!/%076#/%J#,(&4!

x

L(/#).&!9!3).*(/#).&!$#-%#!/%076#/!(!2.&'%;6/#)4!

x

L(/#).&!9!3).*(/#).&!$#-%#!*.&%#/!3()!3+),%,#!,.!#/7G0!,%.0'.!P6.!.&'+!3()!,./#0'.I!&%.*3).!&%76%.0,(! .0!V/#&.!D4!

!

"#!V/#&.!DDD!/#!&6;,%2%,.!.0!').&>! ! x

D0-%&%2(&!;(),.!#!;(),.4!

x

D0-%&%2(&!&63.)%().&!3()!,./#0'.!,.!/(&!%01.)%().&4!

x

D0-%&%2(&!&63.)%().&!3()!,.'):&!,.!/(&!%01.)%().&4!

! ! 6"#)T0&>!;#&#!&6!-/#&%1%-#-%80!.0!').&!3/#0(&>! ! x

X/#0(!#0'.)(3(&'.)%()!(!%'#/4!

x

X/#0(!(-/6&#/!(!$()%J(0'#/!

x

V6)2#!,.!#)-#,#4!

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x

V6#0,(!/#!#)-#,#!&63.)%()!.!%01.)%()!.&':0!.0!3(&%-%80!-()).-'#!/(!,.0(*%0#!,/&1.22)%&(*7,!EV/#&.!D!,.! F07/.A4!!

x

V6#0,(!/#!#)-#,#!&63.)%()!.&':!3()!,./#0'.!,.!/#!%01.)%()!/(!,.0(*%0#!-*(122)%&(*7,!EV/#&.!DD!,.!F07/.A4!

x

V6#0,(!/#!#)-#,#!&63.)%()!.&':!3()!,.'):&!,.!/#!%01.)%()!/(!,.0(*%0#!3/(*22)%&(*7,!EV/#&.!DDD!,.!F07/.A4!

! V(0!).&3.-'(!#!/#&!*#/3(&%-%(0.&!8&.#&!.0!./!3/#0(!%'#/>!

! x

V6#0,(! ./! *#C%/#)! (! /#! *#0,<;6/#! .&! 7)#0,.! .0! &.0'%,(! ')#0&2.)&#/! /(! ,.0(*%0#! H*
x

V6#0,(! ./! *#C%/#)! (! /#! *#0,<;6/#! .&! 3.P6.[#! .0! &.0'%,(! ')#0&2.)&#/! /(! ,.0(*%0#! H*<2<%'(*'! (! 3*).2D,')*'4!

! L#/3(&%-%(0.&!*#0,%;6/#).&!-(0!).&3.-'(!#/!3/#0(!$()%J(0'#/>! ! x

L#0,<;6/#!$#-%#!#,./#0'.!/(!,.0(*%0#!',1/.2..21')*7,!E)('#-%80!#0'%$()#)%#A4!=%!/#!*#0,<;6/#!#0'.)())('#! &.!2#!$#-%#!./!*#C%/#)!9!,#!/67#)!#!60#!V/#&.!DDD!,.!F07/.4!

x

L#0,<;6/#!$#-%#!#'):&!/(!,.0(*%0#!<2(1/.2..21')*7,!E)('#-%80!$()#)%#A4!X()!./!-(0')#)%(!&%!/#!*#0,<;6/#! 3(&'.)())('#!&.!&.3#)#!,./!*#C%/#)I!,#0,(!/67#)!#!60#!*(),%,#!#;%.)'#4!

! ( S%F%B&HE")'>!.&'6,%#!./!.&3#-%(!.0!./!P6.!#-'G#!/#!*#/(-/6&%804! ! x

X/#0(!')#0&2.)&#/>!*(),%,#!#;%.)'#!3()!.Q.*3/(4!

x

X/#0(!2.)'%-#/>!&(;).*(),%,#!(!*(),%,#!#;%.)'#!3()!.Q.*3/(4!

x

X/#0(!%'#/>!&.7G0!/#!.C'.0&%80>!

! L#/(-/6&%80!/(-#/>!#1.-'#!#!60!,%.0'.!(!#!60!3.P6.[(!7)63(!,.!,%.0'.&4! L#/(-/6&%80!7.0.)#/>!&.!,%&')%;69.!3()!'(,#!/#!#)-#,#4! ! ! 3".%,>!'#*;%+0!;#&#!&6!-/#&%1%-#-%80!.0!').&!3/#0(&>! ! x

X/#0(! $()%J(0'#/! EX/#0(! ,.! B)#0i16)'A4! "(! (;'.0.*(&! ,.! 60%)!./!3()%(0!-(0!./!360'(!%01)#();%'#)%(4!

x

X/#0(!%'#/4!X#&#!3()!./!360'(!,.!-(0'#-'(!,.!/(&!%0-%&%2(&4!!

x

X/#0(! 1)(0'#/4! X#&#! 3()! /#! 7/#;./#! E360'(! *:&! &#/%.0'.! ,./! .0').-.Q(A4!

! 50!./!3/#0(!%'#/!'#0'(!3#)#!/#!*#0,<;6/#!-(*(!3#)#!./! *#C%/#)!,%&'%076%*(&>! ! x #2,1.'))*7,!&%!/#!*#0,<;6/#!(!./!*#C%/#)!&(0!3.P6.[(&4!

x

V*(1.'))*7,!&%!3()!./!-(0')#)%(!&.!&(0!7)#0,.&!.0!&.0'%,(!')#0&2.)&#/4!

! V(0!).&3.-'(!#/!3/#0(!1)(0'#/>! ! x

=%!/#!*#0,<;6/#!.&':!3()!,./#0'.!,.!.&'.!3/#0(!/(!//#*#!<.21.'))*7,4!

x

X()!./!-(0')#)%(!&%!.&':!3()!,.'):&!/(!,.0(*%0#!./1.'))*7,4!

! V(0!)./#-%80!#/!3/#0(!$()%J(0'#/>! ! x =%!/#!*#0,<;6/#!&.!#-.)-#!#/!3/#0(!$()%J(0'#/!/(!,.0(*%0#!'1.'))*7,4! x

=%!/#!*#0,<;6/#!&.!#/.Q#!,.!.&'.!3/#0(!/(!//#*#!'(1.'))*7,!

! ! ;'&&0'>!!//#*#!#/!*#C%/#)!,'(*'!9!#!/#!*#0,<;6/#!3/,17,4!=%!.&':!$#-%#!#'):&!/(!//#*#!./1.2!9!&%! .&':!$#-%#!#,./#0'.!<.24! ! F/'.)#-%(0.&!.0!&.0'%,(!#0'.)(3(&'.)%()>! ! x \.12,'(*'I!2.123/,12,*(32!6!2.12,'(23/,12,*(32!Ü!06.')((-/6&%80!,.!"%&-$.)Ü!V/#&.!D!,.! F07/.4! x

B.2,'(2!(!./1.23/,12,*(32!E*#0,<;6/#!$#-%#!#'):&A!Ü!,%&'((-/6&%80!,.!"%&-$.)!Ü!V/#&.!DD! ,.!F07/.4!

x

X/1.2,'(2! (! <.23/,12,*(32! E*#0,<;6/#! $#-%#! ,./#0'.A! Ü! *.&%((-/6&%80! ,.! "%&-$.)! Ü! V/#&.!DDD!,.!F07/.4!

! =%!#*;(&!E*#0,<;6/#!9!*#C%/#)A!.&':0!$#-%#!#,./#0'.!/(!,.0(*%0#!<.2,'(23/,12,*(324! =%!#*;(&!.&':0!$#-%#!#'):&!/(!//#*#!./1.2,'(23/,12,*(324! ! F/'.)#-%(0.&!.0!&.0'%,(!/#'.)#/>! ! x =%! ./! *#C%/#)! .&':! ,.&3/#J#,(! $#-%#! #! 60! /#,(! 9! /#! *#0,<;6/#! .&':! 3(&%-%(0#,#! -()).-'#*.0'.!/(!//#*#!%'1/.2,'(*'!,.).-$#!(!%JP6%.),#4! x

X()! ./! -(0')#)%(! &%! /(! P6.! .&':! ,.&3/#J#,(! .&! /#! *#0,<;6/#! 9! ./! *#C%/#)! .&':! 3(&%-%(0#,(!-()).-'#*.0'.!/(!,.0(*%0#!%'1/.23/,12,*(32!,.).-$(!(!%JP6%.),(4!

! F/'.)#-%(0.&!.0!&.0'%,(!2.)'%-#/>! ! x =%! ./! *#C%/#)! -(%0-%,.! -(0! /#! 0#)%J! 3.)(! /#! *#0,<;6/#! &.! ,.&3/#J#! /(! ,.0(*%0#! %'1/.23/,12,*(324! x

=%!/#!*#0,<;6/#!&.!,.&3/#J#!#/!/#,(!-(0')#)%(!P6.!./!*#C%/#)!E*(),%,#!#;%.)'#A!/(!//#*#! *,1.','(23/,12,*(324!

x

=%!./!*#C%/#)!9!/#!*#0,<;6/#!2#0!$#-%#!./!*%&*(!/#,(!E&(;).*(),%,#&A!/(!,.0(*%0#! /01.','(23/,12,*(32!

( (

2$"%F'$%B^,")'>!/#!-#6&#!#-'G#!&(;).!/(&!$6.&(&I!/(&!*G&-6/(&!9!/(&!,%.0'.&4! ! x

L#/(-/6&%80!8&.#>!36.,.!&.)!*#0,%;6/#)I!*#C%/#)!(!,.!#*;(&4!

x

L#/(-/6&%80!*6&-6/#)>!./!$6.&(!0(!&.!,.&#))(//#!-()).-'#*.0'.4!

x

L#/(-/6&%80!,.0'#)%#>!#/'.)#-%(0.&!,.!1()*#I!'#*#[(!9!3(&%-%804!

-6-78423I(;5=;2YS5(Z(LS969b-;9:=(2=(54S515=;9-]( ! ! ;%,)0F$%(@0('*'.C&0]( ( 5&! 60! *.'#/! .0! 1()*#! ,.! $%/(! P6.! $#! &61)%,(! .&'%)#*%.0'(&! 3()! 16.)J#&! ')#--%(0#/.&4! "(! 3(,.*(&!6'%/%J#)!-(*(>! ! x

5/.*.0'(&!#-'%2(&>!#P6./!P6.!2#!#!/%;.)#)!60#!&.)%.!,.!16.)J#&!-(0')(/#,#&!9!1%&%(/87%-#&!3#)#!*(2.)! ,%.0'.&4!X()!.Q.*3/(>!#)-(&!9!).&()'.&4!

x

5/.*.0'(&!3#&%2(&>!-(*(!).'.0.,().&I!/%7#,6)#&!9!./.*.0'(&!,.!.&'#;%/%J#-%804!

! ! ! Y&%F"0@'@0#(E+#")'#(@0(*%#('*'.C&0#]( ( ( ".9! ,.! O((i.>! /#&! '.0&%(0.&! %0,6-%,#&! &(0! 3)(3()-%(0#/.&! #! /#&! ,.1()*#-%(0.&! 3)(,6-%,#&! $#&'#! 60! ,.'.)*%0#,(! *(*.0'(! E"XA! .0! -#,#! *#'.)%#/4! V6#0,(! #3/%-#*(&! 60#! -#)7#! #! 60! #/#*;).!&.!3)(,6-.!60#!,.1()*#-%80!3)(3()-%(0#/!#!/#!16.)J#!#3/%-#,#4! !

! !

6Y>!.&!./!/<*%'.!3)(3()-%(0#/4!5&!#P6./!/<*%'.!3()!./!-6#/!#0'.!60#!,.'.)*%0#,#!'.0&%80!$#9! 60#!,.'.)*%0#,#!,.1()*#-%804! ! 62>! .&! ./! /<*%'.! ./:&'%-(4! FP6
!

4>>!.&!/#!).&%&'.0-%#!#!/#!1/6.0-%#4!5&!/#!#6'+0'%-#!,.1()*#-%80!1<&%-#4! ! 5/#&'%-%,#,>! -#3#-%,#,! ,.! ).-63.)#)! /#! ,%*.0&%80! ()%7%0#/! ,.&36+&! ,.! P6.! $#9#! -.&#,(! /#! 16.)J#!&%0!P6.!P6.,.!0%0760#!,.1()*#-%804! ! H%7%,.J>!).&%&'.0-%#!P6.!3(&..!60!#/#*;).!#!&.)!,.1()*#,(4! ! W6.!60!#/#*;).!&.#!*:&!./:&'%-(!(!*:&!)<7%,(!2%.0.!,.'.)*%0#,(!3()!./!*8,6/(!,.!o(6074! 5/!*8,6/(!,.!o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

! !

x

h)#0!).&%&'.0-%#!#!/#!1)#-'6)#4!

x

h)#0!./#&'%-%,#,!E3(-#!)%7%,.JA4!

x

h)#0!*(/,.#;%/%,#,!(!1()*#;%/%,#,4!

x

h)#0!,.1/.C%804!

x

X.)*%'%)!&.)!&(/,#,(4!

x

5-(08*%-(4!

x

H.&%&'.0-%#!#!/#!-())(&%804!

x

5&'+'%-(4!

x

=.)!;%(%0.)'.!9!0(!3.)*%'%)!/#!#,$.&%80!,.!/#!3/#-#!;#-'.)%#0#4!

S"F%#(@0(E?0&c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x

H.,(0,(&4!

x

V6#,)#,(&4!

x

]).0J#,(&4!

x

H.-'#076/#).&4!

! X()!&6!,%:*.')(>! ! x

@.3.0,%.0,(!,./!3#<&!&.!6'%/%J#0!60#&!60%,#,.&!,.!*.,%,#!6!(')#&4!50!554pp!&.!*%,.0!.0!36/7#,#&! *%.0')#&!P6.!.0!56)(3#!&.!*%,.0!.0!**4!

! ! F/#*;).&!).,(0,(&>! ! ¾ "%7#,6)#&! ! ¾ F)-(&! !

!

¾ F3#)#'(&!#6C%/%#).&!

!

bIbbdmbIb?K!

!

bIb?KmbIbKb!

!

bIbKbmbIbNk!

¾ F3#)#'(&!%0')#!9!.C')#()#/.&! bIbNkmbIbcb!

! F/#*;).&!-6#,)#,(&>! ! ¾ F)-(&! ! !

!

bIb?cmbIb?d!

! F/#*;).&!').0J#,(&>! ! ¾ F)-(&! ! !

!

bIb?kmbIbK?!

! F/#*;).&!).-'#076/#).&>! ! ¾ F)-(&!;)#-i.'&!)#06)#!bIb?d! bIb?cmbIb?d!C!bIbKK! ¾ F)-(&!;)#-i.'&!)#06)#!bIbKK! bIb?fmbIbKK!C!bIbKk! ! ( S"F%#(@0('*0')"%,0#]( ( x

\.2!I!3/1'%/(!<./)*2(2(!E0(!6'%/%J#,(&!.0!()'(,(0-%#A4!

x

R)/.2!L,20*-'5%/4!

! F/.#-%80! ,.! $%.))(! 9! -#);(0(! -(0! 60! ?dq! ,.! -)(*(! 9! 60! dq! ,.! 0%P6./4! 5C%&'.0! ,%&'%0'(&! '%3(&!,.!#-.)(>! ! F-.)(! *#)'.0&<'%-(>! -G;%-(! #! -6.)3(! -.0')#,(4! L69! ,6)(! 9! ).&%&'.0'.4! =.! 6'%/%J#! .0! /#! 1#;)%-#-%80!,.!%0&')6*.0'#/4! ! F-.)(!#6&'.0<'%-(>!-G;%-(!-.0')#,(!.0!/#&!-#)#&4!L:&!,G-'%/!9!;/#0,(!P6.!./!#0'.)%()4!L#9()! 1()*#;%/%,#,!9!*#9()!).&%&'.0-%#!#!/#!-())(&%804!h)#0!1#-%/%,#,!3#)#!&.)!&(/,#,(4! x

F/.#-%(0.&!,.!-)(*(m-(;#/'(4!

! L:&!;/#0,(!9!*:&!)<7%,(!P6.!./!#-.)(4!L69!*(/,.#;/.4!X#)#!$#-.)/(!)<7%,(!$#9!P6.!-#/.0'#)/(! #!/#!//#*#4!5&!1:-%/!,.!&(/,#)4! ! x

R%/')*2,/(!-/!1*1',*24!

! _%'%0(/! (! Lm_%'%>! _%m]%! *#)'.0&<'%-(4! h)#0! *.*()%#! ,.! 1()*#4! X(-(! *(/,.#;/.&4! _(! #,*%'.0!&(/,#,(4!=(0!1):7%/.&4! ! g.'#!'%'#0%(!(!]LF>!;6.0#!./#&'%-%,#,!9!*(/,.#;%/%,#,4! ! Fm_%'%! (! _%m]%! #6&'.0<'%-(>! 0(! -6*3/.! /#! /.9! ,.! O((i.4! X)(3()-%(0#! 16.)J#&! *69! /%7.)#&! 9! -(0&'#0'.&4! L69! 1):7%/4! D*3(&%;/.! 1#;)%-#)! #&#&! (! /((3&4! X(&..! &63.)./#&'%-%,#,! EP6.! 0(! -6*3/.!/#!/.9!,.!O((i.I!0(!#,*%'.!,.1()*#-%(0.&!3.)*#0.0'.&A4!

!

>%&.'C"*"@'@ 2*'#$")"@'@ V)mV(!

Fm_%'%!

F-.)(!

Lm_%'%!

]LF!

]LF!

Lm_%'%!

V)mV(!

Fm_%'%!

F-.)(!

! ! ( 2E0)$%#(@0*(@"H.0$&%(P(*'(*%,B"$?@(@0*('*'.C&0(#%C&0(#?#(F&%F"0@'@0#((E+#")'#]( ! "#!16.)J#!0.-.&#)%#!3#)#!,.1()*#)!./:&'%-#*.0'.!60!#/#*;).!.&!,%).-'#*.0'.!3)(3()-%(0#/!#! /#!Nl!3('.0-%#!,.!&6!,%:*.')(!.!%02.)&#*.0'.!3)(3()-%(0#/!#/!-6;(!,.!&6!/(07%'6,4! ! ( 40#%&$0#]( ! =.7*.0'(!,.!#/#*;).!-(0&')6%,(!,.!'#/!*#0.)#!P6.!.&!-#3#J!,.!/%;.)#)!16.)J#&!3#)#!*(2.)! 60#!(!*:&!3%.J#&!,.0'#)%#&4! ! ]%.0.!/#&!&%76%.0'.&!-#)#-'.)<&'%-#&>! ! ?4

=(0!./.*.0'(&!#-'%2(&4!

K4

=.!-(0&')69.0!-(0!#/#*;).!,.!bINmbIc!**!

M4

"%;.)#0!16.)J#&!1%&%(/87%-#&4!

N4

_(!,.;.0!/.&%(0#)!'.Q%,(&!-%)-60,#0'.&4!

k4

=(0!./:&'%-(&>!3)(,6-.0!60#!16.)J#!-(0&'#0'.!,.!3)%0-%3%(!#!1%04!

c4

=(0!)<7%,(&!-(*(!3#)#!0(!&.)!,.1()*#,(&4!

f4

=(0!).&%&'.0'.&!#!/#!-())(&%804!

! X#)'.&!,.!60!).&()'.>! !

g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x

! x

=(/,#,6)#!#6'87.0#>!&%0!%0'.)3(&%-%80!,.!*.'#/.&4!]#*;%+0!3()!360'(&4!

x

=(/,#,6)#! ,.! 16&%80>! -(0! %0'.)3(&%-%80! ,.! *.'#/.&4! X6.,.! &.)! ,.! ;#Q#! 16&%80! &%! .&! #! '.*3.)#'6)#&! %01.)%().&!#!NKk!jV!(!,.!#/'#!16&%80!&%!.&!#!'.*3.)#'6)#&!&63.)%().&!#!NKk!jV4!5/!*.Q()!*#'.)%#/!.&!/#! 3/#'#!3()>!

! ?4

B6&%80!#!'.*3.)#'6)#&!)./#'%2#*.0'.!;#Q#&4!

K4

=61%-%.0'.!1/6%,.J4!

M4

H.&%&'.0-%#!#!/#!-())(&%80!

N4

H.&%&'.0-%#!&%*%/#)!#!/#!,.!/(&!*.'#/.&!#!60%)!

k4

V(/()!#,.-6#,(4!

Y6-;-3]( ! ! X6.,.0!&.)!,.!,(&!'%3(&>! ! x

F-'%2#&!E&63.)%().&!(!%01.)%().&A>!/#&!3/#-#&!#-'%2#&!&(0!/#&!P6.!).#/%J#0!#/7G0!'%3(!,.!*(2%*%.0'(!&(;).! ./!$6.&(!(!./!,%.0'.4!

x

X#&%2#&!E&63.)%().&!(!%01.)%().&A>!/#&!3/#-#&!3#&%2#&!&.!6'%/%J#0!-(*(!*#0'.0.,().&!,.!.&3#-%(I!,.&36+&! ,.!')#'#*%.0'(&!,.!.C3#0&%80!(!#/!1%0#/!,.!60!')#'#*%.0'(!,.!()'(,(0-%#4!

! ! V(*3(0.0'.&!!,.!/#&!3/#-#&>! ! x

V(*60.&!#!'(,#&!/#&!3/#-#&>!

! ?4

g#&.4!

K4

=%&'.*#&!,.!#0-/#Q.4!

M4

L.,%(&!,.!.&'#;%/%J#-%804!

! x

D0,%2%,6#/.&!P6.!&8/(!2#0!.0!/#&!3/#-#&!#-'%2#&>!

! ?4

5/.*.0'(&!#-'%2(&4!

K4

5/.*.0'(&!#6C%/%#).&4!

! ! ! 8'#0]( ( "#! ;#&.! ,.;.! .C'.0,.)&.! .0! /#! J(0#! #0'.)%()! $#&'#! ./! -<076/(! ,.! /(&! %0-%&%2(&I! 9! .0! /#! J(0#! 3(&'.)%()!$#&'#!./!G/'%*(!*(/#)!.)63-%(0#,(4! ! 50! ./! -#&(! ,.! P6.! &.#! 60#! ;#&.! &63.)%()I! .&'#! ,.;.! .C'.0,.)&.! 3()! '(,(! ./! 3#/#,#)4! X()! ./! -(0')#)%(!&%!/#!;#&.!.&!%01.)%()!.&'#!,.;.!-6;)%)!/#&!#381%&%&!#/2.(/#).&4! ! 5/!7)(&()!,.;.!&.)!,.!K!**!#3)(C%*#,#*.0'.4! !

B60-%(0.&!,.!/#&!;#&.&>! ! ?4

F7/6'%0#)!'(,(&!/(&!-(*3(0.0'.&4!

K4

])#0&*%'%)!'(,#!/#!16.)J#!P6.!7.0.)#0!/(&!./.*.0'(&!#-'%2(&4!

M4

X)('.7.)!/(&!./.*.0'(&!3#)#!P6.!0(!/.&%(0.0!/(&!'.Q%,(&!-%)-60,#0'.&4!

N4

=%)2.0!,.!#0-/#Q.4!

! ( 3"#$0.'#(@0(',)*'\0]( ( =(0!/(&!7#0-$(&!9!&.!1#;)%-#0!.0!#/#*;).!,.!bIf!**4!5C%&'.0!,%&'%0'(&!'%3(&>! ! !

3)Te'&c]( ( h#0-$(! .0! 360'#! ,.! 1/.-$#! -(0'%06(4! "#! 1/.-$#! &.! .0-/#2#! .0! /#! 3#3%/#I! .0! /(&! .&3#-%(&! %0'.)3)(C%*#/.&4! ! !

5\'*]( ( h#0-$(!-(0'%06(4!"(&!(Q#/.&!&.!.0-/#2#0!.0!/#!3#3%/#I!.0!/(&!.&3#-%(&!%0'.)3)(C%*#/.&4!"(&! (Q#/.&!&.!60.0!.0').!&
8%*'(%(S&"',B?*'&]( ( =#/.! ,.! /%076#/! (! 3#/#'%0(! 3()! /(&! .&3#-%(&! %0'.)3)(C%*#/.&4! F-#;#! .0! 60#! ;(/#! (! 360'#! ,.! 1/.-$#!P6.!&.!.0-/#2#!.0!/#!3#3%/#4!=.!6&#!-(*(!-(*3/.*.0'(!,.!(')(&!7#0-$(&!3()P6.!,.! 3()!&%!0(!'%.0.0!16.)J#!&61%-%.0'.4! ! !

-@'.#]( ( 5&!./!7#0-$(!*:&!6'%/%J#,(!9!./!P6.!3)(3()-%(0#!*:&!).'.0-%804!V(0&'#!,.!,(&!1/.-$#&I!60#! *.&%#/!9!(')#!,%&'#/I!60%,#&!3()!60!36.0'.!%0'.)*.,%(4!5/!2+)'%-.!,.!-#,#!1/.-$#!&.!%0')(,6-.! .0!./!.&3#-%(!%0'.)3)(C%*#/4! "6.7(!'%.0.!,(&!;)#J(!$#-%#!/%076#/!(!3#/#'%0(!P6.!&(0!/(&!P6.!%):0!%0')(,6-%,(&!.0!/#!;#&.4!

! !

/',)T%()"&)?,E0&0,)"'*]( ( ]%.0.! 1()*#! ,.! *.,%(! -<)-6/(4! Y#! ,.&,.! 3#/#'%0(! (! /%076#/! $#&'#! 2.&'%;6/#)! .C'.0,%+0,(&.! 3()!.&'#!-#)#!,./!,%.0'.!#!/(!/#)7(!,.!&6!?tM!7%07%2#/4!].)*%0#!.0!60#!;(/#!P6.!&.!%0')(,6-.! .0!./!.&3#-%(!%0'.)3)(C%*#/4! ! !

1?Pc",B#]( ( =.!.C'%.0,.!,.&,.!3#/#'%0(!(!/%076#/!$#&'#!2.&'%;6/#)4!H(,.#!./!.-6#,()!,.!/#!-#)#!2.&'%;6/#)! ,./! *(/#)I! 2#! $#&'#! /#! *%'#,! 9! /6.7(! 26./2.! &(;).! &
S%F0#(%)*?#'*0#]( ( 52%'#0! P6.! /#! 3/#-#! /.&%(0.! /#! *6-(&#! 9#! P6.! %*3%,.0! P6.! ;#Q.! *6-$(! 9! &.! .0-/#2.! .0! /#! *%&*#4! ! !

-&)%(J0#$"C?*'&]( ( H.-()).!/#&!-#)#&!2.&'%;6/#).&!,.!/(&!-6#')(!%0-%&%2(&4!X#&#!$#-%#!2.&'%;6/#)!,.&,.!3#/#'%0(!3()! ./! .&3#-%(!%0'.)3)(C%*#/!.0').!?j!3).*(/#)!9! -#0%0(4! O#-.! 60! ;6-/.! .0! 1()*#! ,.! p! P6.! &.! .C'%.0,.!$#&'#!./!?tM!7%07%2#/!,./!-#0%0(4! ! !

-&)%(@0(Y&%B0,"0]( ( Y#! 3()! /#! #)-#,#! %01.)%()! 9! ).-()).! /#! -#)#! 2.&'%;6/#)! ,.! /(&! %0-%&%2(&! %01.)%().&4! X(,.*(&! /%076#/%J#)!.&'(&!%0-%&%2(&!-6#0,(!.&':0!2.&'%;6/%J#,(&4!=.!6&#!.0!V/#&.&!DDD!,.0'#)%#&4! !

50!./!-#&(!,.!/#&!3/#-#&!#-'%2#&!'.0.*(&!'#*;%+0>! !

40#%&$0#]( ( o#!$.*(&!$#;/#,(!#0'.)%()*.0'.!,.!.//(&4!=(0!6&#,(&!3#)#!3)(,6-%)!16.)J#&!!9!')#0&*%'%)/#&!#! /(&!,%.0'.&!3#)#!3)(,6-%)!*(2%*%.0'(&!,.!/(&!*%&*(&4!"#!16.)J#!,.!.&'(&!.&!&%.*3).!#3/%-#,#! .0!:076/(!).-'(!).&3.-'(!#/!.Q.!*#9()!,./!,%.0'.4!5C%&'.0!,%&'%0'(!'%3(&>! !

!

!

( S%&,"**%#]( ( "#!16.)J#!P6.!/%;.)#!60!'()0%//(!-(0!-#,#!#-'%2#-%80!.&!*69!%0'.0&#!3()!/(!P6.!$#9!P6.!%)!-(0! *6-$(!-6%,#,(4! ! X6.,.0!&.)!,.!').&!'%3(&>! ! ! x L%-)('()0%//(&>! &.! 6'%/%J#0! 3#)#! 2.&'%;6/%J#)! 60! ,%.0'.4! @.;.! &.)! #-'%2#,(! 3()! ./! 3)(1.&%(0#/!60#!2.J!#/!*.&4! x

L#-)('()0%//(&>! #-'%2#-%80! ?! (! K! 2.-.&! 3()! &.*#0#! 3()! ./! 3)(1.&%(0#/4!! @.&3/#J#*%.0'(!,.!fm??!**4!

x !

]()0%//(!.0!62.!Eg.)'(0%A>!.C3#0&%80!.0!./!&.-'()!#0'.)%()4!

(

2*0.0,$%#('?D"*"'&0#()%.F*0.0,$'&"%#]( ( X/#0(&!,.!/.2#0'.!,.!*(),%,#>!&6!160-%80!.&!/.2#0'#)!/#!*(),%,#!&%!./!.&3#-%(!,.!).3(&(!EMmN! **A!0(!.&!&61%-%.0'.4!=6!1()*#!,.!#-'6#)!.&!;())#0,(!/(&!).1/.Q(&!0.6)(*6&-6/#).&4! ! X/#0(&! %0-/%0#,(&>! &.! 6'%/%J#0! 3#)#! 3)(')6%)! /(&! %0-%&%2(&4! =.! 36.,.0! 6'%/%J#)! .0! 3/#-#&! &63.)%().&!.!%01.)%().&4! ! H.Q%//#!/%076#/>!&.!6&#!3#)#!-()).7%)!,.'.)*%0#,(&!$:;%'(&!,./.'+).(&>! ! x

O:;%'(!,.!%0'.)3(&%-%80!/%076#/4!

x

@.7/6-%80!#'<3%-#4!

x

=6--%80!,./!,.,(4!

! ! Y&",)"F"%#(B0,0&'*0#(@0(*%#(0*0.0,$%#(@0(',)*'\0(P(0#$'C"*"c')"A,]( ( ?4

_(!,.;.0!3)(,6-%)!%0'.)1.).0-%#&!(-/6&#/.&!#!0%2./!%0'.)3)(C%*#/4!

K4

@.;.0!P6.,#)!3()!3#/#'%0(!(!/%076#/!#!bIk!**!,.!/#!.&-#9(/#!,./!*(,./(4!

M4

"#!3()-%80!%0-/6%,#!.0!./!#-)
N4

_(!,.;.0!%*3.,%)!/#!.)63-%80!,.0'#)%#4!

k4

_(!,.;.0!3)(,6-%)!#/'.)#-%(0.&!7%07%2#/.&4!

! ( 7%G"."0,$%#(@0,$'&"%#()%,(F*')'#]( x

! !

! x

5C3#0&%804!

x

Y.&'%;6/(/%076#/.&4!

x

L.&%(,%&'#/.&4!

x

@%&'#/#*%.0'(!(!).')6&%80!,.!*(/#).&!

x

5C')6&%80!(!%0')6&%804!

x

H('#-%804!

J0,$'\'#(@0(*'#(F*')'#]( ( ?4

L.Q()!-(0')(/!,./!-#*;%(!,.!/#!#0#'(*<#!3#/#'%0#4!

K4

p�!16.)J#&!%0'.)*%'.0'.&!E*:&!1%&%(/87%-#&A4!

M4

D*%'#-%80!,./!<0,%-.!,.!-).-%*%.0'(!0()*#/!,./!$6.&(!#!/(!/#)7(!,.!/(&!*:)7.0.&!,.!/#!&6'6)#!3#/#'%0#4!

N4

L#9()!$%7%.0.4!

k4

L#9()!.&'+'%-#4!

c4

L.0()!-(&'(4!

f4

B:-%/!,.!#)).7/#)4!

d4

V(0')(/.&!*:&!):3%,(&4!

n4

L:&!&.0-%//(&!,.!*#0.Q#)4!

! ! 10#G0,$'\'#(@0(*'#(F*')'#]( ( ?4

X(&%;%/%,#,.&!/%*%'#,#&!,.!*(2%*%.0'(4!

K4

X)(,6-.0!#/'.)#-%(0.&!.0!/#!1(0#-%804!

M4

@%1%-6/'#,!,.!0%2./#)!/#!#)-#,#4!L.0()!-(0')(/!,./!*(2%*%.0'(4!

N4

@.3.0,.0-%#!'('#/!,./!3#-%.0'.4!

k4

])#'#*%.0'(!3)(/(07#,(!.0!./!'%.*3(4!

c4

F6&.0-%#!,.!.1.-'(!()'(3+,%-(4!

f4

L#/!).&6/'#,(!.0!7)#0,.&!,%&-).3#0-%#&!8&.(m,.0'#)%#&4!

d4

=.!,.&#Q6&'#0!-(0!*#9()!1).-6.0-%#4!

7-3S9;-;9:=]( ( ( 5&! /#! ')%'6)#-%80! ,.! /(&! #/%*.0'(&! 3()! /#! #--%80! -(*;%0#,#! ,.! /#! *#0,<;6/#I! ,%.0'.&I! *G&-6/(&I!/.076#!9!*.Q%//#&4! ! B60-%(0.&>! ! x

B#-%/%'#)!/#!,.7/6-%80!,./!;(/(4!

x

B#-%/%'#)!/#!,%7.&'%;%/%,#,>!,%&*%06-%80!,./!'#*#[(!,.!/#&!3#)'<-6/#&!9!.&'%*6/#!/#!&.-).-%80!,.!/(&!Q67(&! 7:&')%-(&4!

x

D0%-%#)!/#!,%7.&'%80!E#*%/#&#!&#/%2#)A4!

x

X)('.7.)!/#!*6-(&#!,%7.&'%2#4!

x

V(/#;()#!.0!./!-).-%*%.0'(!9!,.&#))(//(!,.!/(&!'.Q%,(&!()#/.&4!

! ! B#&.&>! ! ?4

D0-%&%80!

K4

])%'6)#-%80!E*(2%*%.0'(&!2.)'%-#/.&!&%0!-(0'#-'(&!,.0'#)%(&A4!

M4

L(/%,(!E.C%&'.!-(0'#-'(!-G&3%,.!1(&#A4!

! ! >?0&c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

2#$&?)$?&'#(".F*")'@'#]( ( (

7'D"*'&0#(P(-S7]( ( L(2%*%.0'(&!/#'.)#/.&!*69!#*3/%(&!3()P6.!./!-80,%/(!.&!3.P6.[(!9!&.!,.&3/#J#!1:-%/*.0'.4! 50!/(&!-#)0<2()(&!.&':!*69!.0-#Q#,(!.0!/#!-#2%,#,!7/.0(%,.#!E&8/(!*(2%*%.0'(&!2.)'%-#/.&A4! "#&!16.)J#&!*#&'%-#'()%#&!0(!%01/69.!.0!/#!*()1(/(7<#!,.!/(&!*#C%/#).&!3.)(!&%!.0!&6!,.0&%,#,! 8&.#!9!.0!&6!'#*#[(4! ! !

1"0,$0#(P(*"B'.0,$%(F0&"%@%,$'*]( ( X#)#! -(*3.0&#)! ./! ,.&7#&'.! ,.! /#! *#&'%-#-%80! $#9! 3)(-.&(&! ).7.0.)#'%2(&4! 50! -(0,%-%(0.&! 0()*#/.&!/(&!,%.0'.&!0(!.&':0!.0!-(0'#-'(4!"(&!,.&7#&'.&!%0'.)3)(C%*#/.&!&(0!-(*3.0&#,(&!! 3()!16.)J#&!P6.!$#-.0!P6.!&.!*.&%#/%-.04!5/!,%.0'.!')#0&*%'.!16.)J#&!#/!$6.&(4!O#9!60!/! 1%;)#&!()7#0%J#,#&!160-%(0#/*.0'.I!).-.3'().&!3)(3%(-.3'%2(&!9!/
7W#)?*%#]( ( LG&-6/(&!./.2#,().&>! ! x

L#&.'.)(!E3)(36/&()A>!3)%0-%3#/!*G&-6/(!*#&'%-#'()%(4!

x

X'.)%7(%,.(!D0'.)0(!E3)(36/&()A4!

x

].*3()#/!E).')(3)(36/&()A4!

! ! LG&-6/(!,.3).&()!>! ! x

X'.)%7(%,.(!5C'.)0(!E3)(36/&()A4!

! ! LG&-6/(&!#--.&()%(&>!

! x

L%/($%(%,.(4!

x

5&'%/($%(%,.(4!

x

h.0%$%(%,.(4!

x

@%7:&')%-(4!

60,B?'(P(70\"**'#]( ( X)('.7.0!/(&!'.Q%,(&!9!%0'.)2%.0.0!.0!./!,.&3/#J#*%.0'(!,./!;(/(4! ! ! 70)',"#.%#(@0(F&%@?))"A,]( ( ( 8&0.0&>!./!'%3(!,.!*(2%*%.0'(!,.3.0,.!,.!/#!J(0#!,.!,(0,.!3)(2.07#!./!).1/.Q(4! ! y(0#!%0-%&#/>! ! x

L(2%*%.0'(&!):3%,(&!*#0,%;6/#).&4!

x

V(0')#--%80!,./!1#&-<-6/(!#0'.)%()!,./!'.*3()#/4!

! y(0#!3).*(/#)>! ! x

L(2%*%.0'(&!#*3/%(&!,.!./.2#-%80!9!,.&-.0&(4!

x

L#&'%-#-%80!2.)'%-#/4!

! y(0#!3).*(/#)>! ! x

L(2%*%.0'(&!/#'.)#/.&!.!%)).76/#).&4!

! !

3T0&&",B$%,>! ./! ;(/(! .&'%*6/#! /#! *6-(&#! ;6-#/4! 5&'(! 3)(,6-.! 60! ).1/.Q(! %0$%;%'()%(! ,.! /#! *6&-6/#'6)#!./.2#,()#!9!#3.)'6)#!;6-#/4! ! "#! 3).&.0-%#! ,.! #/%*.0'(! 3)(,6-.! %0$%;%-%80! ,.! /#! *6&-6/#'6)#! ./.2#,()#! 9! /6.7(! #6*.0'(! ,./!'(0(!,.!/(&!./.2#,().&!3()!.&'%)#*%.0'(!-(0!/#!-(0&%76%.0'.!-(0')#--%80!,.!/(&!*%&*(4! ! X#)#!P6.!&.!3)(,6J-#!.&'(!.&!0.-.&#)%(>!

! x

F*3/%'6,!,.!/#!-#2%,#,!;6-#/4!

x

V(0'#-'(!(-/6&#/!,.!/(&!,%.0'.&4!

x

L#,6).J!,.!/#!*6&-6/#'6)#!,./!Y!3#)4!

! !

7'#$")')"A,( .'#0$0&",'>! ./! 0%[(! 3)(,6-.! 60#! *#&'%-#-%80! 0()*#/! -6#0,(! /.! .)63-%(0#0! /(&!*(/#).&4!O#9!P6.!-#*;%#)/.!/#!#/%*.0'#-%80!3#)#!P6.!,.&#))(//.!/#!*#&'%-#-%80!*#&.'.)%0#! 3()P6.!&%!'(*#!#/%*.0'#-%80!;/#0,#!&8/(!*#&'%-#):!-(0!./!'.*3()#/4!! ! "#!*#&'%-#-%80!*#&.'.)%0#!3)(,6-.>! ! x

g6.0!*(/%,(!9!')%'6)#-%80!,.!/(&!#/%*.0'(&4!

x

@.&7#&'.!,.!/(&!,%.0'.&!'.*3()#/.&4!

x

V())%7.!/#&!V/#&.&!DD4!

x

5/%*%0#!/#!&(;).*(),%,#!'<3%-#!,.!/#&!3)%*.)#&!1#&.&!,.!/#!,.0'%-%80!'.*3()#/4!

x

X)(*6.2.!./!,.&#))(//(!8&.(4!

! X()!./!-(0')#)%(!/#!*#&'%-#-%80!'.*3()#/!3)(,6-.>! ! x

5&-#&(!,.&#))(//(!8&.(4!

x

X(-(!,.&7#&'.!,.!/#!,.0'%-%80!'.*3()#/4!

x

X(-#!.1%-#-%#!*#&'%-#'()%#4!

x

_(!-())%7.!V/#&.&!DD4!

x

_(!./%*%0#!/#!&(;).*(),%,#4!

12/6L;9:=]( ( ! 5&!/#!&6-.&%80!(),.0#,#!,.!).1/.Q(&!.0-#*%0#,#!#!$#-.)!P6.!./!;(/(!#/%*.0'%-%(!3#&.!,.&,.!/#! ;(-#!#/!.&81#7(4! ! X(,.*(&!,%&'%076%)>! ! x @.7/6-%80!%01#0'%/>!.&!0.-.&#)%(!.&'#;%/%J#)!9!1%Q#)!/#!*#0,<;6/#4!F/!0(!'.0.)!,%.0'.&!./! 0%[(!/(!).#/%J#!%0'.)3(0%.0,(!/#!/.076#!.0').!/(&!)(,.'.&!7%07%2#/.&4! x

@.7/6-%80! #,6/'#>! =.! 2.! 60! &.//#,(! /#;%#/! &6#2.4! "#! /.076#! ,.;.! &%'6#)&.! .0! /#! J(0#! 3(&'.)%()! ,./! 3)(-.&(! #/2.(/#)! &63.)%()4! "#! 1%Q#-%80! *#0,%;6/#)! &.! 3)(,6-.! 3()! ./! -(0'#-'(!,.0'#)%(!9!/#!#--%80!,.!/(&!*G&-6/(&!*#&'%-#'()%(&4!

! X#)#!P6.!&.!3)(,6J-#!60#!*#,6)#-%80!.0!/#!*#&'%-#-%80!.&!0.-.&#)%(>! ! x

5)63-%80!,.!/(&!*(/#).&4!

x

V#*;%(!.0!/#!#/%*.0'#-%80!

x

V.&.!,.!-6#/P6%.)!'%3(!,.!&6--%80!E'#0'(!06')%'%2#!-(*(!0(!06')%'%2#A4!

! ! 10B*?)"A,('$+F")']( ( 5&!/#!3).&.0-%#!,.!,.7/6-%80!%01#0'%/!,.&36+&!,.!/#!.)63-%80!,.!/(&!-#0%0(&!3.)*#0.0'.&4!=.! 3)(,6-.!%0'.)3(&%-%80!/%076#/!.0').!/(&!*#C%/#).&!3#)#!.&'#;%/%J#)!/#!*#0,<;6/#!9!3)(,6-%)!./! &.//#,(!,.!/#!-#2%,#,!()#/4!V(*(!-(0&.-6.0-%#!,.!.&'(!&.!3)(,6-.0!3).&%(0.&!#08*#/#&!&(;).! /#&!#)-#,#&!,.0'#)%#&!9!,.&#))(//(!,.!*#/(-/6&%804!=.!3)(,6-.!'#*;%+0!60#!*#/3(&%-%80!,.!/#! /.076#!.0!).3(&(4! ! "#&!-#6&#&!*:&!1).-6.0'.&!&(0>! ! x

=6--%80!,%7%'#/!9!,./!-$63.'.4!

x

].'%0#!,./!;%;.)80!-(0!#76Q.)(!*69!7)#0,.4!

x

L#-)(7/(&%#4!

x

H.&3%)#-%80!()#/4!

x

F/'.)#-%(0.&!-.).;)#/.&4!

x

! !

L(),%,#!#;%.)'#!#0'.)%()4!

].0.*(&!,(&!'%3(&!,.!,.7/6-%80!#'<3%-#>! !

;%,(0.F?\0(*",B?'*(#".F*0I( ( x

=.-60,#)%#!#!*(),%,#!#;%.)'#!#0'.)%()4!

x

=.-'().&!3(&'.)%().&!.0!(-/6&%804!

x

V(0')#--%80!/#;%#/I!*G&-6/(!*.0'(0%#0(!9!*G&-6/(&!./.2#,().&!*#0,%;6/#).&4!

x

X#')(0.&!0.6)(*6&-6/#).&!0()*#/.&4!

x

@%1<-%/!).-%,%2#!,.&36+&!,.!/#!-()).--%80!,.!/#!*(),%,#!#;%.)'#4!

x

O#9!*:C%*#!%0'.)-6&3%,#-%80!.&'#;/.4!

!

;%,(2.F?\0(*",B?'*()%.F*0\%I( (

!

x

Z)%7%0#!60#!*(),%,#!#;%.)'#!#0'.)%()4!

x

=.-'().&!3(&'.)%().&!0(!-(0'#-'#04!

x

V(0')#--%80!/#;%#/I!*G&-6/(!*.0'(0%#0(!3.)(!0(!,.!/(&!*G&-6/(&!./.2#,().&!*#0,%;6/#).&4!

x

X#')(0.&!0.6)(*6&-6/#).&!#0()*#/.&4!

x

h)#0,.&!).-%,%2#&!,.&36+&!,.!/#!-()).--%80!,.!/#!*(),%,#!#;%.)'#4!

x

_(!$#9!.07)#0#Q.!.&'#;/.4!

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

2[Y4239:=(Z(7X79;-]( ! ! 5&!60!%0&')6*.0'(!(!/.076#Q.!,.!/#&!3(&%-%(0.&!9!,.!/(&!&.0'%*%.0'(&4!"#!*6&-6/#'6)#!,.!/#! *<*%-#!36.,.!.&'#)>! !

1"#F?0#$'('*&0@0@%&(@0(*'(C%)'(iMsjI( ! x

Z);%-6/#)!,.!/(&!/#;%(&4!

x

g6--%0#,()4!

x

y%7(*:'%-(!*#9()!9!*.0()4!

x

H%&()%(!,.!=#0'()%0%4!

x

V#0%0(!(!./.2#,()!,./!:076/(!,.!/#!;(-#4!

x

5/.2#,()!,./!/#;%(!&63.)%()!9!#/#!,.!/#!0#)%J4!

x

V6#,)#,(!,./!*.0'80!(!,.3).&()!,./!/#;%(!%01.)%()4!

x

g()/#!,.!/#!;#);#!(!*.0'#/4!

x

@.3).&()!,./!:076/(!,.!/#!;(-#!(!')%#076/#)4!

x

X/#'%&0#!V(//%4!

! !

1"#F?0#$'('*&0@0@%&(@0(*%#(%\%#(iVjI( ! x

Z);%-6/#)!,.!/(&!3:)3#,(&4!

x

X)8-.)!(!3%)#*%,#/4!

x

=63.)-%/%#)4!

x

B)(0'#/4!

! ! 7+.")'(@0(*'('*0B&+']( ! B()*#! -80-#2#! ,.! /#! ;(-#! $#-%#! #))%;#! 3()! ./.2#-%80! ,.! /#! -(*%&6)#! ;6-#/! 9! ./.2#-%80! ,.! '(,(&!/(&!()%1%-%(&!')#0&2.)&#/.&4!LG&-6/(&>! !

=(0)%&#>!H%&()%(!,.!=#0'()%0%!9!();%-6/#)!,.!/(&!/#;%(&4! H%&#!1)#0-#>!J%7(*:'%-(!*#9()!9!*.0()4! F/.7)<#! '('#/>! J%7(*:'%-(! *#9()! 9! *.0()I! H%&()%(! ,.! =#0'()%0%I! ./.2#,()! ,./! /#;%(! &63.)%()I! ();%-6/#)!,.!/(&!(Q(&!9!;6--%0#,()4! H%&#!1()J#,#>!J%7(*:'%-(!*#9()4! ! 7+.")'(@0(*'($&"#$0c']( ! @.&-.0&(!,.!'(,(&!/(&!()%1%-%(&!')#0&2.)&#/.&4! ])%076/#)>!#/#)7#!&6)-(&!0#&(/#;%#/.&! =63.)-%/%#)>!F))67#!./!.0').-.Q(4!X:)3#,(&!(;/%-6(&4! y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

N4 5/.-')(*%(7)#1<#4!

!

423Y94-;9:=]( ! 5/! -%-/(! 0#&#/! .&! /#! ).76/#-%80! 1%&%(/87%-#! ,.! /#&! ).&%&'.0-%#&! 0#&#/.&! *.,%#0'.! ./! ;/(P6.(! -<-/%-(!,.!/#&!2:/26/#&4!"#&!).&%&'.0-%#&!0#&#/.&!&(0>! ! Y.&'<;6/(!0#&#/>!MMq4! V(#0#&!9!0#&(1#)%07.>!?b!}!Kbq4! "%*.0!0#&%!(!2:/26/#!0#&#/>!.&!/#!P6.!3)(,6-.!*:C%*#!).&%&'.0-%#4! !

6%#(0#$+.?*%#(F'&'('?.0,$'&(*'(E&0)?0,)"'(&0#F"&'$%&"'(#%,(G'&"%#I( ! x

V#*;%(&!.0!./!'(0(!&%*3:'%-(4!

x

D0&3%)#-%80!,.!#%).!*69!1)<(4!

x

O6*.,#,4!

x

5Q.)-%-%(!1<&%-(4!

x

F6*.0'(!,./!VZK!.0!).!#)'.)%#/4!

x

V#*;%(!3(&'6)#/4!

!

6'#(G0,$'\'#(@0(*'(&0#F"&')"A,(,'#'*(#%,I( ! x

B60-%(0#!-(*(!1%/')(!,.!%*36).J#&!,.!3#)'<-6/#&!,.!7)#0!'#*#[(4!

x

h)#-%#&!#/!*(-(!3(&..!-#):-'.)!;#-'.)%-%,#4!

x

V#/%.0'#!./!#%).!#!60#!'.*3.)#'6)#!-(0&'#0'.!EM?mMN!jVA4!

x

O6*.,.-.!./!#%).!EkbmcbqA4!

x

X)(3()-%(0#!&.0'%,(!,./!(/1#'(4!

!

;'?#'#(@0(%C#$&?))"A,('^&0'I( ! x

X)(-.&(&!%01/#*#'()%(&!,.!()%7.0!%01.--%(&(4!

x

H%0%'%&!#/+)7%-#4!

!

x

X8/%3(&4!

x

@.&2%#-%(0.&!,.!'#;%P6.4!

x

O%3.)')(1%#!#*%7,#/#)4!

x

o!/#!-#6&#!*:&!1).-6.0'.!P6.!.&!/#!$%3.)')(1%#!#,.0(%,.#4!

1"'B,A#$")%]( ! =.!-(*3(0.!,.!,%&'%0'#&!1#&.&>! ! R,'3,/(*(C! ! x

H(0P6%,(!0(-'6)0(4!

x

Y(J!7#07(!

x

=.0&#-%80!,.!(;&')6--%804!

x

V(07.&'%80!0#&#/4!

x

F/'.)#-%(0.&!,./!&6.[(4!

! L,(
B#-%.&>!#&%*.')<#&!9!,.&2%#-%(0.&!,.!'#;%P6.4!

x

"#;%(&!&.3#)#,(&!9!&.-(&!E#7)%.'#,(&A4!

x

_(!.C%&'.!*(,%1%-#-%80!,./!/(&!()%1%-%(&!0#&#/.&!,6)#0'.!/#!).&3%)#-%804!

! ?0<%2.')*7,C! ! =.!).#/%J#!-(0!60!.&3.Q(!(!-(0!1%;)#&!,.!#/7(,804!50!./!-#&(!,./!.&3.Q(I!&%!.C%&'.!).&3%)#-%80! 0#&#/!.&'.!&.!.*3#[#4!X#)#!./!-#&(!,.!/#&!1%;)#&!,.!#/7(,80!&%!/#&!3(&%-%(0#*(&!-.)-#!,.!/(&! ()%1%-%(&! &.! *6.2.0! &%! .C%&'.! ).&3%)#-%80! 0#&#/4! @.;.*(&! ).#/%J#)! .&'#! (3.)#-%80! %0,.3.0,%.0'.*.0'.!.0!-#,#!()%1%-%(!0#&#/4! ! ]#*;%+0!3(,.*(&!6'%/%J#)!60!%0&')6*.0'(!,%#708&'%-(!2%&6#/!-(*(!.&!/#!)%0(1#)%07(&-(3%#4! V(0! .//#! 9! #! ')#2+&! ,.! 60! '6;(! 1/.C%;/.! 3(,).*(&! 2.)! &%! .C%&'.0! 38/%3(&I! %01/#*#-%80! ,.! /#! *6-(&#!0#&#/I!$%3.)')(1%#!,./!'.Q%,(!#,.0(%,.(I!.'-4! ! ! "#!3).2#/.0-%#!3#)#!/#!).&3%)#-%80!()#/!.&!,./!Kkq!,.!/(&!0%[(&!,.!.0').!f!9!?b!#[(&4!

! B'12D/,*'C! !

!

x

F;)%)!/#!;(-#4!

x

@.&-.0&(!,.!/#!*#0,<;6/#4!

x

@.&-.0&(!,.!/#!/.076#4!

x

5C'.0&%80!,.!/#!-#;.J#4!

](,(!.&'(!-(0//.2#!#>! ! x

H('#-%80!$()#)%#!*#0,%;6/#)4!

x

F/#)7#*%.0'(!,./!'.)-%(!%01.)%()4!

x

].0,.0-%#!#/!-).-%*%.0'(!2.)'%-#/4!

x

5&'%)#*%.0'(!,.!/#!*6&-6/#'6)#!1#-%#/4!

x

F6*.0'(!,.!/#!16.)J#!-.0')<3.'#!&(;).!./!*#C%/#)4!

x

O#9!1#/'#!,.!,.&#))(//(!')#0&2.)&#/4!

x

=.!3)(,6-.0!3).&%(0.&!#08*#/#&!&(;).!/#!*#0,<;6/#4!

x

_(!$#9!16.)J#!-.0')<167#!.0!./!*#C%/#)4!

x

"#&!0#)%0#&!&.!$#-.0!2%&%;/.&4!

x

X6.,.0!$#;.)!,(/().&!-.)2%-#/.&!.!$%3.)/(),(&%&!/6*;#)4!

! ! >')"0#(-@0,%"@0']( !

3",A,".%#]( ! x

=<0,)(*.!,.!/#!V#)#!"#)7#!E=-$.0,./A4!

x

=<0,)(*.!,.!Z;&')6--%80!).&3%)#'()%#4!EH%-i.''&A4!

x

L%-)())%0(,%&3/#&%#!Eg%*/.)A4!

x

=<0,)(*.!,.!O%3.),%2.)7.0-%#!B#-%#/!E=-$6,9A4!

! !

-*$0&')"%,0#(0,(*%#(.'D"*'&0#I( !

! !

x

5&-('#,6)#!#0'.7(0%#/!*#)-#,#4!

x

H('#-%80!$()#)%#!*#0,%;6/#)4!

x

H('#-%80!#0'%$()#)%#!*#C%/#)4!

-*$0&')"%,0#(0,(*'#('&)'@'#I( ! x

"#!,%&'#0-%#!.0').!?M!}!KM!9!?c!}!Kc!.&':!,%&*%06%,#4!

x

"#!#)-#,#!*#C%/#)!'%.0.!1()*#!,.!RYU4!

x

5C%&'.!60!#6*.0'(!,./!,%:*.')(!')#0&2.)&#/!,.!/#!#)-#,#!*#0,%;6/#)4!

x

50!&.0'%,(!')#0&2.)&#/!36.,.!.C%&'%)!*(),%,#!-)6J#,#4!

x

50!&.0'%,(!#0'.)(3(&'.)%()>!V/#&.!DD!,%2%&%80!?l!(!V/#&.!DDD4!

x

50!&.0'%,(!2.)'%-#/!3(,.*(&!2.)!*(),%,#!#;%.)'#4!

!

-*$0&')"%,0#(0,(*%#(@"0,$0#I( ! x

D0-%&%2(&!&63.)%().&!2.&'%;6/%J#,(&4!

x

D0-%&%2(&!%01.)%().&!/%076#/%J#,(&4!

x

].0,.0-%#!#/!#3%[#*%.0'(4!

x

5C')6&%80!,.!*(/#).&!.!%0-%&%2(&4!

! !

5$&'#('*$0&')"%,0#I( ! x

h%07%2%'%&!9!-#)%.&4!

x

F/'.)#-%(0.&!.0!/#!2(J4!

x

H(0P6%,(&!0(-'6)0(&4!

x

B#'%7#!,%6)0#!9!).')#&(!.&-(/#)4!

x

B#/'#!,.!0.6*#'%J#-%80!.0!/(&!&.0(&4!

x

@.7/6-%80!,%&160-%(0#/4!

! !

S&'$'."0,$%I( !

=.!')#'#!,.!60!')#'#*%.0'(!*6/'%,%&-%3/%0#)%(!.0').!./!('())%0(/#)%078/(7(I!./!3.,%#')#!9!.0!&6! *(*.0'(! ./! ()'(,(0-%&'#! 3#)#! -()).7%)! /#&! #/'.)#-%(0.&! P6.! &.! $#9#0! 3)(,6-%,(! .0! /#&! #)-#,#&4! 5/! ')#'#*%.0'(! .&! .'%(/87%-(I! .&! ,.-%)I! 3)%*.)(! &.! ,.;.! ./%*%0#)! /#! -#6&#! P6.! $#! 3)(,6-%,(!/#&!#/'.)#-%(0.&4!"6.7(!2%.0.!60#!1#&.!,.!)..,6-#-%80!*%(160-%(0#/4!X()!G/'%*(I!./! 3#-%.0'.!,.;.!//.2#)!60#!#3#)#'(/(7<#!).&')%-'%2#!E3#0'#//#!2.&'%;6/#)A4! !

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x Y.'G&*)$;'%2>! /#&! #/'6)#&! 1#-%#/.&! .&':0! ,%&*%06%,#&4! =.0&#-%80! ,.! -#)#! ! -(*3)%*%,#4! L#&.'.)(! *:&! #0-$(! ,.! /(! 0()*#/4! ].0,):! P6.! ).#/%J#)! *:&! 16.)J#! #/! *#&'%-#)4! 5/! :076/(!*#0,%;6/#)!.&!3):-'%-#*.0'.!).-'(4! x

V2%*)2)$;'%2>!/#&!#/'6)#&!1#-%#/.&!.&':0!#6*.0'#,#&4!=.0&#-%80!,.!-#)#!#/#)7#,#4!L#&.'.)(! *:&!,./7#,(!,.!/(!0()*#/4!]%.0.!*:&!1#-%/%,#,!3#)#!*#&'%-#)4!5/!:076/(!*#0,%;6/#)! .&':!#6*.0'#,(4!

x

:/(2)$;'%2>!3#-%.0'.!.P6%/%;)#,(4!L#&.'.)(!0()*#/4!F076/(!*#0,%;6/#)!0()*#/4!

! _60-#! 3(,).*(&! -#*;%#)! ./! ;%('%3(! ,./! 3#-%.0'.4! "#! './.))#,%(7)#1<#! /#'.)#/! ,.! -):0.(! 0(&! &%)2.!3#)#!2.)!&%!.C%&'.0!#/'.)#-%(0.&!.0!/(&!'.Q%,(&!;/#0,(&!9!.0!/#!;#&.!#3%-#/4!V#,#!;%('%3(! 1#-%#/! '%.0.! 60#&! -#)#-'.)<&'%-#&! ,%&'%0'#&4! ].0%.0,(! /#! %01()*#-%80! ,.! $6.&(&I! *G&-6/(&! 9! ,%.0'.&! &#;).*(&! P6.! *(2%*%.0'(&! ).#/%J#! ./! 3#-%.0'.! 9! -6#/.&! ,.;.*(&! .2%'#)4! 5/! 3/#0! ,.! ')#'#*%.0'(!3#&#!36.&!%*3).&-%0,%;/.*.0'.!3()!/#!-.1#/(*.')<#4! ! !

lY'&'(O?0(#0(?$"*"c'(*'()0E'*%.0$&+'m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

( -F*")')"%,0#]( ! x

5&'6,%(!,./!-).-%*%.0'(!1#-%#/4!

x

@%#708&'%-(!,.!3(&%;/.&!3#'(/(7<#&4!

x

52#/6#-%80!,./!.&3#-%(!0#&(1#)<07.(4!

x

@%#708&'%-(!,.!,.1()*%,#,.&!-)#0.(1#-%#/.&4!

x

52#/6#-%80!,.!/(&!).&6/'#,(&!,./!')#'#*%.0'(4!

! ! ;0E'*%B&'.']( ! X#)#!).#/%J#)!./!.&'6,%(!-.1#/(*+')%-(!0.-.&%'#*(&>! ! x ]./.))#,%(7)#1<#!/#'.)#/!,.!-):0.(!,./!3#-%.0'.4! x

X#3./!,.!6/')#1:04!

x

X()'#*%0#&4!

x

H.7/#&!9!3/#0'%//#&!,.!*.,%-%804!

! 5/!-.1#/(7)#*#!&.!-(*3(0.!,.!').&!3#)'.&>! ! ?4 @%;6Q(!#0#'8*%-(>!.&':!-(*36.&'(!3()!./!,%;6Q(!,./!3.)1%/!;/#0,(!9!./!,%;6Q(! ,.!/#&!.&')6-'6)#&!8&.#&4! K4 ])#J#,(&!,.!()%.0'#-%80>!-(*36.&'(!3()! /<0.#&!9!3/#0(&4! M4 L#70%'6,.&!-.1#/(*+')%-#&4! ! !

Y?,$%#()0E'*%.^$&")%#]( ! ?,!/(1.&)1&.'(!7(/'(C! ! x =.//#!E=A>!&%'6#,(!.0!./!-.0')(!,.!/#!&%//#!'6)-#4!=%)2.! ,.!).1.).0-%#!-6#0,(!P6.)#*(&!&63.)3(0.)!,(&!)#,%(7)#1<#&!,./!*%&*(!3#-%.0'.!9#! P6.!3.)*#0.-.!%02#)%#;/.!#!/(!/#)7(!,.!/#!2%,#4!

x

_#&%(0!E_A>!360'(!,.!%0'.)&.--%80!.0').!/#&!&6'6)#&!0#&#/!9!1)(0'(0#&#/4!

x

Z);%'#)%(!EZ)A>!.&!60!360'(!3#)4!=%'6#,(!.0!/#!3#)'.!*:&!%01.)%()!,./!-(0'()0(!,.!/#! 8);%'#4!

x

X'.)%7(%,.(!EX'*A>!360'(!*:&!3(&'.)(&63.)%()!,.!/#!1%&6)#!3'.)%7(*#C%/#)4!

x

X()%(0!EX(A>!360'(!*:&!&63.)%()!,./!-(0,6-'(!#6,%'%2(!.C'.)0(4!

! ! ?,!/%!H&/(2!3',-*5&%'.C! ! x V(0,9/%(0! EV(A>! 360'(! *:&! 3(&'.)(&63.)%()! ,./! -(0'()0(! ,.! /#! -#;.J#! ,./! -80,%/(! *#0,%;6/#)4! x

h(0%(0!Eh(A>!360'(!*:&!%01.)%()!9!3(&'.)%()!,./!:076/(!7(0%#-(4!

x

X(7(0%(0!EX(7A>!360'(!*:&!3)(*%0.0'.!,./!*.0'80!8&.(4!

x

h0#'%(0!Eh0A>!360'(!*:&!%01.)%()!9!#0'.)%()!,./!-(0'()0(!,./!*.0'804!

x

=63)#*.0'(0%#0(! (! X60'(! g>! 360'(! *:&! 3(&'.)%()! ,.! /#! -(0-#2%,#,! #0'.)%()! ,./! $6.&(!*#0,%;6/#)4!

x

L.0'(0%#0(!EL.A>!360'(!*:&!%01.)%()!,./!-(0'()0(!,.!/#!&<01%&%&!*#0,%;6/#)4!

x

X60'(!@>!360'(!&%'6#,(!.0!/#!3#)'.!*:&!-.0')#/!,.!/#!&<01%&%&!*#0,%;6/#)4!

! ! ?,!/%!H&/(2!3'0*%'.C! ! x 5&3%0#! 0#&#/! #0'.)%()! E5_FA>! &.! ')#J#! &(;).! /#! 360'#! ,.! /#! .&3%0#! 0#&#/! #0'.)%()! .&P6./+'%-#4! x

5&3%0#!0#&#/!3(&'.)%()!E5_XA>!&%'6#,(!.0!/#!J(0#!*:&!3(&'.)%()!,./!$6.&(!*#C%/#)4!

x

=6;.&3%0#/! (! X60'(! F>! 360'(! *:&! 3)(160,(! ,.! /#! -(0-#2%,#,! #0'.)%()! ,./! $6.&(! *#C%/#)4!

! ! ?,!%2(!*,)*(*=2(C! ! x x3%-.!,./!%0-%&%2(!&63.)%()!EF%&A4! x

D0-%&#/!,./!%0-%&%2(!&63.)%()!ED%&A4!

x

x3%-.!,./!%0-%&%2(!%01.)%()!EF%%A4!

x

D0-%&#/!,./!%0-%&%2(!%01.)%()!ED%%A4!

! ! ?,!%2(!32%'./(C! ! x Z-/6&#/! ,.! *(/#).&! EZ*A>! ).3).&.0'#! ./! 360'(! %0'.)*.,%(! ,.! /#&! -G&3%,.&! ,.! /(&! 3)%*.)(&!*(/#).&4! ! ! ?,!%2(!1/J*-2(!5%',-2(C! ! x @.)%2#,(!,./!3)(0#&#/!EX)0áA>!360'(!*:&!#0'.)%()!,.!/#!-(/6*0./#!,.!/#!0#)%J4! x

=6;0#&#/! E=0A>! 360'(! ,.! -(01/6.0-%#! ,./! ;(),.! %01.)%()! ,.! /#! 3%):*%,.! 0#&#/! -(0! /#! 3()-%80!-6':0.#!,./!/#;%(!&63.)%()4!

x

"#;%(! &63.)%()! E"&A>! 360'(! /(-#/%J#,(! .0! /#! ).7%80! *:&! #0'.)%()! 9! 3)(*%0.0'.! ,./! /#;%(!&63.)%()4!

! ! p0#! 2.J! ,.1%0%,(&! /(&! 360'(&I! ,%Q%*(&! P6.! ./! -.1#/(7)#*#! .&'#;#! -(*36.&'(! 3()! /<0.#&! 9! 3/#0(&4! "#&! /<0.#&! .&':0! 1()*#,#&! 3()! /#! 60%80! ,.! ,(&! 360'(&! -.1#/(*+')%-(&4! "(&! 3/#0(&! .&':0!-(*36.&'(&!3()!').&!(!*:&!360'(&!-.1#/(*+')%-(&4! Q+,/'(!I!<%',2(!H2.*A2,1'%/(C! ! x "<0.#!=m_4!

!

x

X/#0(!X(mZ)!(!X/#0(!,.!B)#0i1()'4!

x

X/#0(!X#/#'%0(!(!g%.&3%0#/!E5_Fm5_XA4!

x

X/#0(!L#0,%;6/#)>!

x

h(mh0!E='.%0.)!9!H%.,./A4!

x

h(mL.!EL-_#*#)#A4!

x

"<0.#!V(mF4!

x

"<0.#!V(mh0!E.&!$()%J(0'#/!#60P6.!3#).-.!2.)'%-#/A4!

x

"<0.#!X)0ám=0!E.&!$()%J(0'#/!#60P6.!3#).-.!2.)'%-#/A4!

! Q+,/'(!I!<%',2(!=/.1*)'%/(C! ! x "<0.#!_mF4! x

"<0.#!_mg4!

x

"<0.#!_m@4!

x

"<0.#!_mX(74!

x

5Q.!/(07%'6,%0#/!,./!%0-%&%2(!&63.)%()!E60%.0,(!360'(!,./!:3%-.!9!360'(!%0-%&#/A4!

x

5Q.!/(07%'6,%0#/!,./!%0-%&%2(!%01.)%()!E60%.0,(!360'(!,./!:3%-.!9!360'(!%0-%&#/A4!

x

"<0.#!o!,.!-).-%*%.0'(!E,.1%0%,#!3()!./!3/#0(!=mh0A4!

x

"<0.#!5_FmL.4!

x

"<0.#!=0m"&4!

x

"<0.#!V*!E-(*%&6)#Am')#J(!%0-%&#/!,./!%0-%&%2(!&63.)%()4!

!

!

Análisis de Ricketts.

Análisis de Steiner.

7'B,"$?@0#()0E'*%.^$&")'#]( ! =(0!2#/().&!/%0.#/.&!(!#076/#).&!-#/-6/#,(&!&(;).!./!-.1#/(7)#*#4!X()!/(!'#0'(!.&':0! -(*36.&'#&!3()>! ! x x076/(&>!P6.!&.!*%,.0!.0!7)#,(&!9!&.!).3).&.0'#0!-(0!60!360'(!E?4_mFA4! x

"<0.#&>!P6.!&.!*%,.0!.0!*%/<*.')(&!9!&.!).3).&.0'#0!-(0!60!76%80!EV(mh0A4!

! !

Y0&E"*(0#O?0*^$")%(0,(&0*')"A,()%,(*'#(C'#0#(A#0'#('F")'*0#]( ! b,D&%2!WRB!2!F,D&%2!-/!)2,=/0*-'-"! ! 5&!./!:076/(!P6.!1()*#0!/#&!/<0.#&!_mF!9!FmX(74!52#/G#!./!3.)1%/!8&.(4! ! ! Y#/().&!0()*#/.&>! ! x @.0'%-%80!*%C'#>!cj!Ötm!MIk!j4! x

@.0'%-%80!3.)*#0.0'.>!Kj4!

! =.7G0!./!-).-%*%.0'(!1#-%#/!./!360'(!#!2#)<#!&6!/(-#/%J#-%804!50!,.0'%-%80!*%C'#!./!*#C%/#)! -).-.!):3%,#*.0'.!-(0!)./#-%80!#!/#!*#0,<;6/#!-(0!/(!-6#/!./!:076/(!2#)<#!Ötm!MIkj4!"6.7(!_! -(*%.0J#!#!%)!$#-%#!#'):&!9!3()!./!-(0')#)%(!X(7!&.!#,./#0'#!-(0!/(!-6#/!.0!,.0'%-%80! 3.)*#0.0'.!./!:076/(!,%&*%069.!$#&'#!Kj4! ! ! b,D&%2!TWR"! ! 5&!./!:076/(!1()*#,(!3()!/#&!/<0.#[email protected]%0.!/#!,%&3(&%-%80!#0'.)(3(&'.)%()!,./! *#C%/#)!-(0!)./#-%80!#!/#!;#&.!,./!-):0.(4! Y#/()!0()*#/>!dKj!Ötm!Kj4! ! ! b,D&%2!TWY"! ! 5&!./!:076/(!P6.!1()*#0!/#&!/<0.#[email protected]%0.!/#!,%&3(&%-%80!P6.!'%.0.!/#!*#0,<;6/#! -(0!)./#-%80!#!/#!;#&.!,./!-):0.(4!

Y#/()!0()*#/>!dbj!Ötm!Kj4! ! !

b,D&%2!TWV"! ! B()*#,(!3()!/#&!/<0.#&!=m_!9!_m@4!X)(3()-%(0#!-(0!*:&!.C#-'%'6,!./!3(&%-%(0#*%.0'(!,.!/#! *#0,<;6/#4! Y#/()!0()*#/>!fkj!Ötm!Kj4! ! ! b,D&%2!RWV"! ! 5&!/#!,%1.).0-%#!.0').!/(&!:076/(&!=_F!9!=_g4!5&'#;/.-.!/#!)./#-%80!#0'.)(3(&'.)%()!.0').!./! *#C%/#)!9!/#!*#0,<;6/#4! Y#/()!0()*#/>!Kj4! ! !

-,H*"#"#(@0(7)='.'&']( ! 5&!*69!G'%/!.0!#/'.)#-%(0.&!.&P6./+'%-#&!7)#0,.&I!.0!,%&-).3#0-%#&!.&P6./+'%-#&!-(0! -).-%*%.0'(!*69!2.)'%-#/4!5&':!1()*#,(!3()>! ! b,D&%2!,'(2%'5*'%!cRWQU"! ! V(01%)*#!/#!3(&%-%80!,./!*#C%/#)!-(0!)./#-%80!#!/#!;#&.!,./!-):0.(4! Y#/()!0()*#/>!??bj4! ! ! ].*F,D&%2!-/!:)W'3'.'"! ! B()*#,(!3()!').&!/<0.#&>! ! x V(mF4! x

V(mh04!

x

5_FmL.4!

! !

Y'$&A,(@0*(0#O?0*0$%()0EH*")%]( ! =(0!*.,%,#&!P6.!.2#/G#0!/#!'.0,.0-%#!,./!-).-%*%.0'(!1#-%#/4!].0.*(&!,(&>! !

x

x076/(!=m_4h(mh0>!2#/()!0()*#/!MKj4!

x

x076/(!=m_4=mh0>!2#/()!0()*#/!cfj4!

!

Y'$&A,(@0,$'&"%(F%&(#?#(C'#0#('F")'*0#]( ! @.1%0.!/#!,%&3(&%-%80!.&3#-%#/!,.!/(&!%0-%&%2(&!,.0')(!,./!-(*3/.Q(!1#-%#/[email protected]')(!,.!.&'(! '.0.*(&>! ! x "<0.#!_gmX(74! x

?4_mF>!2#/()!0()*#/!KKj4!

x

?4_mg>!2#/()!0()*#/!Kkj4!

! @%&'#0-%#&!?m_F!9!?m_g>!2#/()#!/#!,%&3(&%-%80!#0'.)(3(&'.)%()!,.!/(&!%0-%&%2(&!-(0!)./#-%80!#! &6!;#&.!#3%-#/>! ! x ?m_F>!2#/()!0()*#/!N**4! x

?m_g>!2#/()!0()*#/!N**4!

! ! ! !

;%.F%&$'."0,$%(.%&E%@"E0&0,)"'*(@0(*%#(",)"#"G%#()%,(&0*')"A,('(#?#(C'#0#('F")'*0#]( ! ].0.*(&!,(&!*.,%,#&>! ! x x076/(!?4XX>!:076/(!1()*#,(!3()!./!3/#0(!.&3%0#!0#&#/!#0'.)%()!9!.&3%0#!0#&#/! 3(&'.)%()!-(0!./!.Q.!,./!%0-%&%2(!&63.)%()4!Y#/()!0()*#/!??bj4!H./#-%(0#!/#!;#&.!8&.#! *#C%/#)!-(0!/(&!%0-%&%2(&!&63.)%().&4! x

DLXF>!:076/(!1()*#,(!3()!./!3/#0(!h(mL.!9!./!.Q.!,./!%0-%&%2(!%01.)%()4!Y#/()! 0()*#/!nbjmnKj4!H./#-%(0#!/#!;#&.!8&.#!*#0,%;6/#)!-(0!/(!%0-%&%2(&!%01.)%().&4!

! !

-,H*"#"#(@0(*'#(G+'#('^&0'#]( ! Y#/()#-%80!,./!.&3#-%(!0#&(1#)<07.(!9!,.!/#!.C%&'.0-%#!(!0(!,.!$%3.)')(1%#!#,.0(%,.#4

>L24b-3(2=(54S515=;9-]( ! "#!;%(*.-:0%-#!.&!/#!-%.0-%#!P6.!')#'#!/#!#--%80!,.!/#&!16.)J#&!&(;).!/(&!-6.)3(&4!X#)#!./!-#&(! ,.!/#!()'(,(0-%#!.&!/#!-%.0-%#!P6.!&.!.0-#)7#!,./!*(2%*%.0'(!,.0'#)%(!-6#0,(!&.!.Q.)-.!60#! 16.)J#!&(;).!.&'(&!E16.)J#&!()'(,80-%-#&A4! ! "#&!16.)J#&!&.!36.,.0!3)(,6-%)!.0!/#!-#2%,#,!()#/!3()>! ! x V(0')#--%(0.&!*6&-6/#).&4! x

V6#0,(!/(&!,%.0'.&!(-/69.04!

x

V(0!#3#)#'(/(7<#!()'(,80-%-#4!

! !

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

;%.F%,0,$0#(@0(*'#(E?0&c'#]( !

x

D0'.0&%,#,4!

x

X60'(!,.!#3/%-#-%804!

x

X60'(!,.!()%7.0!,./!2.-'()4!

x

=.0'%,(4!

x

@%).--%804!

! !

L,"@'@0#(@0(.0@"@']( ! d*%2<2,-*2>!16.)J#!-(0!/#!P6.!.&!#')#<,(!60!-6.)3(!,.!?!Å7!3()!/#!16.)J#!,.!/#!7)#2.,#,!E?i3Ü! Å7!{!nId!*t&A!! ! W/e12,>!16.)J#!0.-.&#)%#!3#)#!,.&3/#J#)!?!Å7!#!60#!2./(-%,#,!,.!?!*t&4! ! V*,'>! 16.)J#! 0.-.&#)%#! 3#)#! ,.&3/#J#)! ?! 7)! #! )#J80! ,.! ?-*t&! E?! _! Ü! ?bbb! ,%0#&A4! 50! ()'(,(0-%#!*.,%*(&!/#&!16.)J#&!.0!7)#*(&!9!(0J#&!-(0!60!,%0#*8*.')(4! ! !

3"#$0.'(@0(E?0&c'#]( ! ?4 @(&!16.)J#&!-(0!/#!*%&*#!%0'.0&%,#,!9!*%&*(!&.0'%,(>!/#!).&6/'#0'.!.&!/#!&6*#!,.!/#&! 16.)J#&!9!*%&*(!&.0'%,(4! K4 @(&!16.)J#&!-(0!,%1.).0'.!%0'.0&%,#,!3.)(!*%&*(!&.0'%,(>!/#!).&6/'#0'.!.&!/#!&6*#!,.! /#&!16.)J#&!9!*%&*(!&.0'%,(4! M4 @(&!16.)J#&!-(0!/#!*%&*#!%0'.0&%,#,!9!&.0'%,(!-(0')#)%(>!/#!).&6/'#0'.!.&!-.)(4! N4 @(&!16.)J#&!-(0!,%&'%0'#!%0'.0&%,#,!9!&.0'%,(!-(0')#)%(>!/#!).&6/'#0'.!.&!/#!,%1.).0-%#! ,.!/#&!16.)J#&!9!./!&.0'%,(I!./!,.!/#!*#9()4! k4 L%&*(! 360'(! ,.! ()%7.0! 9! ,%1.).0'.! &.0'%,(>! /#! ).&6/'#0'.! 3#)#! ,(&! 16.)J#&! .&! /#! ,%#7(0#/! ,./! 3#)#/./(7)#*(! 1()*#,(! 3()! ,%-$#&! 16.)J#&4! =%! &(0! *:&! 16.)J#&! /#! ).&6/'#0'.!.&!#P6.//#!P6.!&.!(;'.07#!,.!/(&!,%&'%0'(&!3#)#/./(7)#*(&4! c4 @(&!16.)J#&!-(0!,%&'%0'(!360'(!,.!()%7.0!9!*%&*(!&.0'%,(>!/#!).&6/'#0'.!.&!/#!&6*#! ,.!#*;#&!16.)J#&!-(0!./!*%&*(!&.0'%,(!&8/(!P6.!.&'#!&.!&%'G#!.0').!#*;#&4! f4 @(&! 16.)J#&! -(0! ,%&'%0'(! ! 360'(! ,.! ()%7.0! 9! ,%&'%0'(! &.0'%,(>! "#! ).&6/'#0'.! .&! /#! ,%1.).0-%#!.0').!#*;#&!16.)J#&4!

! !

Y&",)"F"%(@0('))"A,(P(&0'))"A,( ! F!60#!16.)J#!,.!#--%80!&.!(3(0.!&%.*3).!60#!16.)J#!,.!).#--%80!,.!/#!*%&*#!%0'.0&%,#,!3.)(! ,.!&.0'%,(!-(0')#)%(!#!/#!3)%*.)#!16.)J#4!5&!60!.P6%/%;)%(!,.!16.)J#&4! ! ! ! ;%,)0F$%#]( !

;0,$&%"@0]( ! ]#*;%+0!//#*#,(!-.0')(!,.!*#&#!(!-.0')(!,.!).&%&'.0-%#4!5&!#P6./!360'(!,(0,.!#3/%-(!/#! 16.)J#!9!&.!3)(,6-.!,.&3/#J#*%.0'(4! ! !

7%.0,$%(@0(?,'(E?0&c']( ! ].0,.0-%#! ,.! 60#! 16.)J#! #! -#6&#)! /#! )('#-%80! ,.! 60! -6.)3(! #/).,.,()! ,.! 60! .Q.! 1%Q(4! 5&! ./! 360'(! ,(0,.! #3/%-#,#! /#! 16.)J#! &.! 3)(,6-.! ,.&3/#J#*%.0'(! 9! )('#-%804! L(*.0'(! Ü! %0'.0&%,#,!,.!B!{!,%&'#0-%#!360'(!,.!#3/%-#-%80!#/!-.0')(%,.4! ! !

;?F*'#]( ! =(0! ,(&! 16.)J#&! 3#)#/./#&! ,.! &.0'%,(! -(0')#)%(! 0(! -(/%0.#/.&! ,.! *%&*#! %0'.0&%,#,! P6.! 3)(2(-#0! 60! 7%)(! &(;).! ./! .Q.! &%0! P6.! $#9#! ')#0&/#-%804! 5/! *(*.0'(! ,.! /#! -63/#! .&! ./! 3)(,6-'(!,.!60#!,.!/#&!16.)J#&!3()!/#!,%&'#0-%#!P6.!&.3#)#!/#&!,(&!16.)J#&4! ! !

>&"))"A,]( ! V6#0,(!,(&!16.)J#&!3#).#,#&!P6.!(3.)#0!&(;).!60#!*%&*#!/<0.#I!0(!.&':0!#/%0.#,#&!.Q.)-.0! 60!.1.-'(!,%&'()&%(0#0'.4!]%.0,.!#!,.&/%J#)!60#!3#)'.!&(;).!(')#4! ( ( >')$%&0#(O?0(",E*?P0,(0,(*%#(.%G"."0,$%#(@0,$'&"%#]( ! L,1.+,(/)2(>!/#!.)63-%804!

?01.+,(/)2(>!! x X)(C%*#/.&>!3()!/(&!*G&-6/(&4!

!

x

@.0'#)%(&4!

x

V6.)3(&!.C')#[(&>!'6*().&I!P6%&'.&4!

x

D#')(7+0%-(&4!

Y#*(&!#!'.0.)!.0!-6.0'#!&.%&!#3#)'#,(&>! !

7',0&'#(@0('F*")'&(?,'(E?0&c'( ! X6.,.0!&.)>! ! #2,1+,&'("! ! x F-'G#0!3()!'%.*3(!,.1%0%,(4! x

L#0'%.0.0!/#!*%&*#!%0'.0&%,#,4!

x

50!).&()'.&!(!*6.//.&4!

! ! V*(*<',1/("! ! x @.!%0'.0&%,#,!,.-).-%.0'.4! x

"#&!*:&!1).-6.0'.&!.0!()'(,(0-%#4!

x

50!#)-(&!,.!/%7#,6)#&!3#)#!;)#-i.'&4!

! ! L,1/.3*1/,1/("! ! x F-'G#!.0!/(&!3.)%(,(&!P6.!//.2#!36.&'(&!./!#3#)#'(4! x

"(&!3.)%(,(&!,.!,.&-#0&(!&%)2.0!3#)#!).-(;)#)!/#!.&')6-'6)#!8&.#!9!,.!/(&!/%7#*.0'(&4!

! ! O&,)*2,'%/("! ! x V6#0,(!&.!')#0&*%'.0!3()!16.)J#!*6&-6/#)4! ! ! !

1?&')"A,(@0(?,'(E?0&c']( ! x

D*3()'#0'.!3()!/#!).#--%80!,.!/(&!'.Q%,(&4!

x

"%7#*.0'(>!3.)%(,(&!,.!).-(;)(!,.!/#!%))%7#-%804!

x

X)(*(2.)!/#!3)(/%1.)#-%80!-./6/#)4! (

! !

;',$"@'@(@0('F*")')"A,]( x

( "%7.)#&>! ,.! *.0(&! ,.! Kk! 7)4! X#)#! %0')6%)! %0-%&%2(&! &%! &.! $#-.! *:&! 16.)'.! &.! 3)(,6-.! %&P6.*%#!9!0.-)(&%&4!

x

L.,%#&>!.0').!Kkmkb!7)4!X#)#!.C')6%)!%0-%&%2(&4!

x

D0'.0&#&>!.0').!kbmfk!7)4!X#)#!')#0&/#-%80!E7).&%80A!9!)('#-%804!

x

L69!%0'.0&#&>!r!fk!7)4!X#)#!,%&'#/#)!*(/#).&4!

! !

( 1"&0))"A,(@0('F*")')"A,(@0(E?0&c'#( ! x

L,)%*,')*7,>!16.)J#&!/%7.)#&!9!-(0'%06#&4!

x

].',(%')*7,>!16.)J#&!%0'.0&#&4!"/.2#)!/(&!,%.0'.&!,.!#,./#0'.!#!,.'):&!&%0!)('#-%804!

x

X21')*7,>!16.)J#&!,%&%3#0'.&4!L(2%*%.0'(&!,./!,%.0'.!#/).,.,()!,.!&6!.Q.!/#)7(4!

x

L,1.&(*7,>!16.)J#&!*69!/%7.)#&4!L(2%*%.0'(&!,./!,%.0'.!.0!./!#/2.(/(4!

x

?01.&(*7,>!16.)J#&!/%7.)#&!(!*.,%#&4!L(2%*%.0'(&!16.)#!,./!#/2.(/(4!

x

]2.G&/>!16.)J#&!%0'.0&#&4!L(2%*%.0'(&!,.!/#!)#<J!&%0!*(2%*%.0'(!,.!/#!-()(0#4!

! ! !

>')$%&0#(@0(*'(E?,)"A,(%)*?#'*]( !

! ! !

x

g6.0#!%0'.)-6&3%,#-%804!

x

L#0'%.0.!.&'#;/.&!/#&!#)-#,#&4!

x

52%'#!).-%,%2#&!(!).-#<,#&4!

x

L(2%*%.0'(!()'(,80-%-(!/%*%'#,(!3()!.07)#0#Q.!-6&3<,.(4!

2@'@]( ! "(&!#,6/'(&!'%.0.0!60#!).&36.&'#!;%(/87%-#!*:&!/.0'#!3()!/(!'#0'(!,.;.).*(&!#3/%-#)!16.)J#&! *:&!/%7.)#&!9!/(&!3.)%(,(&!,.!).-63.)#-%80!$#0!,.!&.)!*#9().&4! ! ! !

>?0&c'(%&$%@A,)")'(AF$".'( ! x

=%0!,(/()4!

x

=%0!).#;&()-%80!)#,%-6/#)4!

x

=%0!,#[(!'%&6/#)4!

x

L#0'.0%*%.0'(!,.!/#!&#/6,!3.)%(,(0'#/4!

x

L:C%*#!).&36.&'#!'%&6/#)!E*(2%*%.0'(!#,.-6#,(!,./!,%.0'.A4!

! ! ! 7^$%@%(@0($&',#."#"A,(@0(*'#(E?0&c'#]( ! "(&!).&()'.&!#-'G#0!,%).-'#*.0'.!&(;).!60!,%.0'.4! "(&!./:&'%-(&!')#0&*%'.0!16.)J#&!,.!,%.0'.!#!,%.0'.!(!,.!#)-(!#!,%.0'.4! "(&!'()0%//(&!#-'G#0!#!')#2+&!,.!/#!3/#-#!9!&6&!7#0-$(&4! "(&!;)#-i.'&!&.!-.*.0'#0!&(;).!./!,%.0'.!(!60#!;#0,#4!=(0!./!&(3()'.!,./!#/#*;).4!=.!6�! ,(&!'%3(&!,.!#/#*;).!(!#)-(&>! ! x H.,(0,(&>!-(0')(/(!./!,%.0'.!.0!K!,%*.0&%(0.&4! x

H.-'#076/#)>!-(0')(/(!./!,%.0'.!.0!/#&!M!,%*.0&%(0.&4!

! ! ! ;%,)0F$%(@0(',)*'\0]( ! 5&!./!360'(!,.!1%Q#-%80!,.!/#&!16.)J#&4!X6.,.!&.)>! !

30BW,(*'(.',0&'(@0('F*")'&(*'(E?0&c'I( ( x

=%*3/.!

x

5&'#-%(0#)%(!

x

H.-<3)(-(4!

! !

30BW,(*'#(E?0&c'#(@0(',)*'\0I( (

x

D0')#;6-#/4!

x

5C')#;6-#/4!

x

L6&-6/#)!E;6*3.)A4!

30BW,(0*(,W.0&%(@0(?,"@'@0#I( ( x

X)%*#)%(4!

x

V(*36.&'(4!

x

H.1()J#,(4!

! !

30BW,(*%#(.'D"*'&0#(".F*")'@%#I( ( x

D0'.)*#C%/#)4!

x

D0')#*#C%/#)4!

! ! ! 40'))"A,(@0(*%#($0\"@%#('(*'#(E?0&c'#]( ! "#&!16.)J#&!()'(,80-%-#&!2#0!#!#-'6#)!&(;).!./!-(*3/.Q(!(!60%,#,!#/2.(/(,.0'#)%#4!5&'#!.&':! -(*36.&'#!3()>! ! x O6.&(!#/2.(/#)4! x

H#<J4!

x

"%7#*.0'(!3.)%(,(0'#/4!

x

X/.C(!2#&-6/(0.)2%(&(4!

x

=(3()'.!7%07%2#/4!

! !

!?0#%('*G0%*'&]( ! 5&':!1()*#,(!3()!,(&!1)#--%(0.&>! ! x O.'))*7,!)/%&%'.>!-(*36.&'#!3()!(&'.(-%'(&!9!(&'.(;/#&'(&4! x

O.'))*7,!/01.')/%&%'.>!-(*36.&'#!#!&6!2.J!3()>!

! L#'.)%#!()7:0%-#>! x V(/:7.0(!Efb!qA!!!!!!!!!!!!!!!! x

X)('.<0#&!Ek!qA!!!!!!!!!!!!!!!!!!!

x

F76#!!!!!

L#'.)%#!%0()7:0%-#>!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! x O%,)(C%#3#'%'#!Efb!qA! ! 5/!$6.&(!#/2.(/#)!.&!*6-$(!*:&!%0*#,6)(!P6.!).&'(!,./!$6.&(!,./!()7#0%&*(!,.;%,(!#!&6! -(0'%06(!&(*.'%*%.0'(!#!16.)J#&4!5&!*#&!.&3(0Q(&(!9!*.0(&!-#/-%1%-#,(!P6.!./!$6.&(!;#&#/4! 5&! ,.1()*#;/.! 9! 3(&..! 1%;)#&! *:&! %)).76/#).&4! 5&! '#*;%+0! ')#0&1()*#;/.! &.7G0! /#&! 16.)J#&! P6.!&.!#3/%P6.04! ! !

4'+c]( ! F/!%76#/!P6.!.0!$6.&(!#/2.(/#)!3(,.*(&!,%&'%076%)!,(&!1)#--%(0.&>! x B)#--%80!-./6/#)>!-(*36.&'#!3()!-.*.0'(;/#&'(&!9!-.*.0'(-%'(&4! x

B)#--%80!.C')#-./6/#)>!-(*36.&'#!3()>!

! L#'.)%#!()7:0%-#!E-(/:7.0(!.0!1()*#!,.!1%;)%//#&A>!KM!q! L#'.)%#!%0()7:0%-#>!ck!q! F76#>!?K!q! ! ! "(&!(&'.(-/#&'(&!9!/(&!-.*.0'(-/#&'(&!&(0!/(&!.0-#)7#,(&!,.!/#!).#;&()-%80!,./!$6.&(&!9!,./! -.*.0'(!).&3.-'%2#*.0'.4!=(0!-+/6/#&!7%7#0'.&!*6/'%06-/.#,#&!,.)%2#,#&!,.!/(&!*(0(-%'(&!,.! /#!).4!_(!,.)%2#0!,.!-+/6/#&!/(-#/.&4!! ! !

6"B'.0,$%(F0&"%@%,$'*]( ! 5&':!1()*#,(!3()!60#!).,!,.!1%;)#&!-(/:7.0#&4!X(&..!,%&'%0'(&!-(*3(0.0'.&>! x 5/.*.0'(&!-./6/#).&>!-+/6/#&!*.&.0P6%*#/.&!%0,%1.).0-%#,#&>! ! B%;)(;/#&'(&!9!1%;)(-/#&'(&4! V.*.0'(;/#&'(&4!

x

Z&'.(;/#&'(&4! ! 5/.*.0'(&!2#&-6/#).&!

x

].)*%0#-%(0.&!0.)2%(&#&!

! F*%./<0%-#&4! X).&()).-.3'().&! X)(3%(-.3'().&4! ! x

B/6%,(! %0'.)&'%-%#/>! -(0! /#&! 16.)J#&! ,.! (-/6&%80! .&'.! &.! *6.2.! 9! &.! .&-#3#! 3()! /(&! 3()(&!,./!$6.&(!&%!/#!16.)J#!.&!*#9()!,.!,(&!&.760,(&4!

!

>?,)"%,0#(@0*(*"B'.0,$%(F0&"%@%,$'*]( ! x

p0%)!,%.0'.!#!$6.&(4!

x

H.-%;%)!9!')#0&*%'%)!16.)J#&!,.!*#&'%-#-%804!

x

@.1()*#!#/2.(/(4! X)(,6--%80!,.!&.[#/!3%.J(./+-')%-#4! ! L(2%*%.0'(&!.)63'%2(&4!

x

5&'#;%/%J#-%80!#-'%2#!,.!3(&%-%80!,.0'#)%#4!

x

X('.0-%#/!,%0:*%-(!3#)#!*(,%1%-#)!/#!3(&%-%80!,./!,%.0'.4!

!

! !

lK?^(%)?&&0()?',@%(#%.0$0.%#(0*(@"0,$0('(?,'(E?0&c'm]( ! =.!7.0.)#0!,(&!'%3(&!,.!3).&%(0.&>! ! x p0#!P6.!&.!.01).0'#!#/!*(2%*%.0'(4!y(0#!,(0,.!./!,%.0'.!#3)%.'#!#/!$6.&(I!'#*;%+0! //#*#,#!J(0#!,.!3).&%804! ! x

o!(')#!3#)'.!Q6&'(!,./!/#,(!-(0')#)%(!#!/#!#0'.)%()!.0!/#!-6#/!&.!')#--%(0#!,./!$6.&(I! '#*;%+0!//#*#,#!J(0#!,.!'.0&%804!

!

50! /#! J(0#! ,.! 3).&%80! &.! 3)(,6-.! ).#;&()-%80! 8&.#! 9! .0! /#! J(0#! ,.! '.0&%80! &.! 3)(,6-.! #3(&%-%80!8&.#4!p0#!,.!/#&!-(0&'#0'.&!,./!()7#0%&*(!.&!*#0'.0.)!./!'#*#[(!,./!#/2.(/(4! ! ! ( S0%&+'#(@0*(.%G"."0,$%(@0,$'&"%]( ( 5C%&'.0!,(&!'.()<#&>! !

S0%&+'(C"%0*^)$&")']( ! 5/!*(2%*%.0'(!,.0'#/!&.!3)(,6-.!3()!-#*;%(&!.0!./!*.'#;(/%&*(!8&.(!-(0')(/#,(&!3()!/#&! &.[#/.&!./+-')%-#&!P6.!&.!7.0.)#0!-6#0,(!./!$6.&(!#/2.(/#)!&.!1/.C%(0#!9!&.!,.1()*#4! !

B21/,)*'%!D/,/.'-2!<2.!/(1.$(!3/)F,*)2!c<*/A2/%$)1.*)*-'-UC! ! x @.-#,.0-%#!*69!):3%,#! x

=.[#/!.P6%2#/.0'.!,.!,%).--%80!(36.&'#!#/!,.Q#)!,.!#-'6#)4!

x

50!/(&!-)%&'#/.&!,.!$%,)(C%#3#'%'#!9!.0!1%;)#&!-(/:7.0#&!E$6.&(!9!"X@A!

x

X(&%'%2(>!).#;&()-%804!

x

_.7#'%2(>!#3(&%-%804!

! ! B21/,)*'%!*7,*)2!D/,/.'-2!<2.!;%&J2!-/!;%&*-2(!C! ! x F/!3#&#)!./!/
=.!#/'.)#!./!3('.0-%#/!,.!*.*;)#0#!9!&.!7.0.)#!60#!*(,%1%-#-%80!;%(./+-')%-#4!

x

5&'#!*(,%1%-#-%80!&.!')#0&1()*#!.0!60#!).&36.&'#!;%(/87%-#!E')#0&,6--%80A!

x

F-'%2#-%80!,.!(&'.(-/#&'(&I!(&'.(-%'(&I!(&'.(;/#&'(&!9!1%;)(;/#&'(&4!

! ! !

S0%&+'(F&0#"A,R$0,#"A,]( ! =.7G0!.&'#!'.()<#!/#!1()*#!,.!#-'6#-%80!.&!/#!&%76%.0'.>! ! x B6.)J#!&(;).!,%.0'.4! x

V#*;%(!,.!3(&%-%80!#/2.(/#)4!

x

V(*3).&%80!9!.&'%)#*%.0'(!,./!"X@4!

x

F/'.)#-%80!,./!1/6Q(!,.!2#&(&!E2#&(&!#3/#&'#,(&!9!2#&(&!.0�-$#,(&A4!

x

L(,%1%-#-%80!,.!ZK4!

x

V#*;%(&!P6<*%-(&4!

! ! !

x

"%;.)#-%80!,.!*.,%#,().&!9!&6&'#0-%#&!#-'%2#&4!

x

F-'%2#-%80!-./6/#)4!

40'))"A,(@0(*%#($0\"@%#('(*'#(E?0&c'#]( !

2E0)$%#(#%C&0(0*($0\"@%(A#0%]( ! f2,'!-/!./'5(2.)*7,"! ! H.#;&()-%80!8&.#!,%).-'#!(!1)(0'#/!E1%&%(/87%-#A>! ! x B6.)J#&!/%7.)#&!*.0().&!P6.!/#!3).&%80!%0')#-#3%/#)4! x

B6.)J#&!P6.!0(!%0'.))6*3.0!./!)%.7(4!

! ! H.#;&()-%80!8&.#!%0,%).-'#!(!;#&#/>! ! x B6.)J#&!%0'.0&#&!*#9().&!P6.!/#!3).&%80!%0')#-#3%/#)4! x

B6.)J#&!P6.!%0'.))6*3.0!./!)%.7(!L<0.(4!

! ! h%#0.//%!E.0!3.))(&A>! ! x kb!7)t-*K>!0(!&.!#1.-'#!./!3#P6.'.!2#&-6/#)4! x

?bb!7)t-*K>!2#&(&!&.!(-/69.0!3#)-%#/*.0'.4!

x

?kb!7)t-*K>!2#&(&!&.!(-/69.0!'('#/*.0'.4!

! !

40'C#%&)"A,(:#0'(1"&0)$']( !

! !

x

B6.)J#&!/%7.)#&>!%0'.))6*3.0!3#)-%#/*.0'.!/(&!2#&(&4!

x

F-'%2#-%80!-./6/#)4!

x

Z&'.(-/#&'(&!/(-#/.&!).#;&();.0!./!$6.&(4!

x

H.#;&()-%80!1)(0'#/!&6#2.!E3.)%(,(0'(m$6.&(A!

x

L(2%*%.0'(!,.0'#)%(!#!/#&!N!$()#&4!

x

L(2%*%.0'(!&6#2.4!

(

40'C#%&)"A,(:#0'(9,@"&0)$']( ! x

B6.)J#&!%0'.0&#&>!(-/6&%80!2#&-6/#)4!

x

"%&%&!-./6/#)4! _.-)(&%&!#&+3'%-#4! L#&#!$%#/%0#4! ! H.#;&()-%80!;#&#/!E$6.&(&m3.)%(,(0'(A!

x

H.#;&()-%80!.0!'G0./4! Z&'.(-/#&'(&!3)(-.,.0'.&!,.!J(0#&!#/.Q#,#&4! ! 5/%*%0#-%80!,./!*#'.)%#/!0.-)8'%-(4!

x

H.()7#0%J#-%80!1%;)%/#)!9!-./6/#)!,./!"X@4!

x

@%.0'.!&.!*6.2.!#!/(&!fm?N!,<#&4!

x

L(2%*%.0'(!.0!1()*#!,.!&#/'(4!

!

! !

Y&0#"A,(60G0]( ! Mmk!&.760,(&>! ! x Y#&(!9!"X@!3#)-%#/*.0'.!-(*3)%*%,(! x

@%&'()&%80!*.-:0%-#!,.!1%;)#&!

! L%06'(&>! ! x F/'.)#-%80!,./!1/6Q(!L<0.(!E-#*;%(!,.!-(0-.0')#-%80!,.!ZKA! x

F6*.0'(!,.!3.)*.#;%/%,#,!#/!V#!

x

F6*.0'(!,.!-(0-.0')#-%80!,.!FLX-4!

! N!$()#&>! ! x "%;.)#-%80!,.!&6&'#0-%#&! x

F-'%2#-%80!,.!(&'.(-/#&'(&!

! F!/(&!,<#&!./!*(2%*%.0'(!.&!2%&%;/.4! ! ! !

Y&0#"A,(9,$0,#']( ! Mmk!&.760,(&>!2#&(&!&.!(-/69.04! L%06'(&>!%0'.))63-%80!,./!1/6Q(!L<0.(4! O()#&>!*6.)'.!-./6/#)4! Mmk!,<#&>! ! x @%1.).0-%#-%80!-./6/#)!.0!:).#&!#/.Q#,#&4! x

"/.7#0!(&'.(-/#&'(&!,.!J(0#&!#/.Q#,#&4!

x

D0%-%(!,.!).#;&()-%80!;#&#/!E.0!'G0./A4!

! fm?N!,<#&>! ! x H.#;&()-%80!,./!*#'.)%#/!0.-)8'%-(4! x

R=#/'(U!,./!,%.0'.4!

! ! ! B6.)J#&! B/6Q(!L<0.(! V+/6/#&! Z&'.(-/#&'(&! H.#;&()-%80! L(2%*%.0'(!,.0'#)%(! @(/()!

40'C#%&)"A,(A#0'(@"&0)$'( "%7.)#&! V(0&.)2#,(! F-'%2#-%80! "(-#/.&! B)(0'#/! N!$()#&! _(!

40'C#%&)"A,(A#0'( ",@"&0)$'( D0'.0&#&! D0'.))6*3%,(! _.-)(&%&! y(0#&!#/.Q#,#&! g#&#/! fm?N!,<#&! =%!

! ! ! f2,'!-/!'<2(*)*7,"! ! =.!3)(,6-.!3#)#!-(*3.0&#)!9!*#0'.0.)!./!.P6%/%;)%(!,.!.&3.&()!,.!$6.&(4!

].0&%80!3()!.&'%)#*%.0'(!,./!/%7#*.0'(!3.)%(,(0'#/4! =.!3)(,6-.!60!.&'<*6/(!,.!#-'%2%,#,!(&'.(;/:&'%-#4! B()*#-%80!,.!'.Q%,(!(&'.(%,.!0(!).#;&();%;/.!E'.Q%,(!8&.(!&%0!-#/-%1%-#)A4! ! x nm?b!,<#&4! x

5C%&'.!#6*.0'(!,./!.&3#-%(!3.)%(,(0'#/4!

! V#/-%1%-#-%80!,.!'.Q%,(&!3()!#-6*6/(!,.!&#/.&4! H..&')6-'6)#-%80!9!()7#0%J#-%80!,.!'.Q%,(!1%;)%/#)4! ! !

2E0)$%#(#%C&0(*'(F?*F']( ! X6.,.0!3)(,6-%)&.!36/3%'%&!')#6*:'%-#&!%0%-%#/.&>! ! x

])#6*#'%&*(!,./!3#P6.'.!2#&-6/#)!

x

O%3.)&.0&%;%/%,#,!(!,(/()4!

x

H.*%'.!.&3(0':0.#*.0'.4!

! 50!,%.0'.&!,.&2%'#/%J#,(&!.C%&'.!*:&!)%.&7(!,.!).#;&()-%(0.&!)#,%-6/#).&4! 5C%&'.!)%.&7(!,.!0.-)(&%&!.0>! ! x

B6.)J#!%0'.0&#&!9!-(0'%06#,#&!-(0!*6-$#&!$%#/%0%J#-%(0.&4!

x

F0'.-.,.0'.&!,.!')#6*#'%&*(&!3).2%(&4!

x

L(2%*%.0'(&!;)6&-(&!,.!.C')6&%804!

x

L:&!1).-6.0'.!.0!#,6/'(&4!

! ! !

2E0)$%#(#%C&0(*'(&'+c]( ! H.*(,./#-%80!,.!/#!)#<J!3()!).#;&()-%80!9!#3(&%-%80!,./!-.*.0'(4! F--%80!,.!16.)J#&!*69!%0'.0&#&4!

].0&%(0.&!%0'.0&#&!36.,.0!,#)!/67#)!#!#-(,#,6)#&!,./!:3%-.4! 5C%&'.0!,(&!'%3(&!,.!).#;&()-%(0.&>! ! ?4 H.#;&()-%(0.&!/#'.)#/.&!E&%0!%*3()'#0-%#!0%!).3.)-6&%80A4! K4 H.#;&()-%(0.&!/(07%'6,%0#/.&4! ! ! X/'5(2.)*2,/(!%'1/.'%/("! ! 5C%&'.0!2#)%(&!'%3(&!,.3.0,%.0,(!,./!'.Q%,(!#/!P6.!#1.-'.0>! ! x

F1.-'#0! &8/(! #/! -.*.0'(>! &(0! /#&! *:&! 1).-6.0'.&! 9! &6! '#*#[(! .&! *%-)(&-83%-(4! X6.,.0!&.)!).3#)#,#&!.0!3.)%(,(&!,.!%0#-'%2%,#,!,.!/#&!16.)J#&4!

! x

F1.-'#0! '#*;%+0! #! /#! ,.0'%0#>! &.! 3)(,6-.! &%! /#! 16.)J#! .&! %0'.0! =.! 3)(,6-.0! #))#0-#*%.0'(&! ,.! %&/('.&! )#,%-6/#).&! P6.! &.! ).#;&();.04! 5&'#&! /.&%(0.&! 0(! &(0! ).3#)#,#&4!=.!3)(,6-.0!,.1.-'(&!*#-)(&-83%-(&!.0!1()*#!,.!-):'.).&4!

! ! X/'5(2.)*2,/(!%2,D*1&-*,'%/("! ! =.!3)(,6-.0!3()!/#!#--%80!,.!16.)J#&!%0'.0&#&I!-(0'%06#,#&!9!3)(/(07#,#&!.0!./!'%.*3(4!=.! 3)(,6-.! 60#! 3+),%,#! *<0%*#! ,.! '.Q%,(I! 3):-'%-#*.0'.! %0#3).-%#;/.! .0! /#! HC4! =(0! *:&! 1).-6.0'.&!.0>! ! x

D0-%&%2(!/#'.)#/!&63.)%()4!

x

D0-%&%2(!-.0')#/!&63.)%()4!

x

D0-%&%2(&!%01.)%().&4!

x

?j!3).*(/#)!%01.)%()4!

! B#-'().&!,.!)%.&7(>!

! x

H#<-.&!-80%-#&!9!*69!360'%#76,#&4!

x

B()*#&!,.0'#/.&!#08*#/#&4!

x

F0'.-.,.0'.&!,.!')#6*#'%&*(&4!

x

@%.0'.&!-(0!).#;&()-%80!3).2%#4!

x

V(0'#-'(!,.!:3%-.&!-(0!$6.&(!-()'%-#/4!

! ! :',/J2!)%+,*)2!-/!%'(!./'5(2.)*2,/("! ! @.;.*(&!).#/%J#)!60#!HC!3.)%#3%-#/!,./!%0-%&%2(!/#'.)#/!&63.)%()!-#,#!&.%&!*.&.&4!=%!#3#).-%.&.! ).#;&()-%80!>! !

! ! !

x

@.;.*(&!$#-.)!&.)%.&!3.)%#3%-#/.&!,.!'(,(&!/(!,%.0'.&4!

x

V.&#)!/#!16.)J#!&(;).!./!,%.0'.!,6)#0'.!-6#')(!&.*#0#&4!

x

"#!).#;&()-%80!-(0'%0G#!,6)#0'.!n!}!?b!,<#&!,.&36+&!,.!-.&#)!/#!16.)J#4!

x

X()!G/'%*(!&.!3)(,6-.!/#!1()*#-%80!,.!-.*.0'(!).3#)#'%2(!0(!).#;&()2%;/.4!

2E0)$%#(#%C&0(0*(0#.'*$0]( ! 5/! .&*#/'.! 0(! ).#--%(0#! #0'.! /#&! 16.)J#&! ()'(,80-%-#&4! "(! P6.! &.! 36.,.0! 3)(,6-%)! &(0! /.&%(0.&!;/#0-#&!9!,.&-#/-%1%-#-%(0.&!E).2.)&%;/.&A!3()>! x

B#/'#!,.!$%7%.0.!,./!3#-%.0'.4!

x

B%/')#-%80!,.!1/6%,(&!7%07%2#/.&!#!')#2+&!,./!*#'.)%#/!,.!#,$.&%804!

! ! !

2E0)$%#(#%C&0(*%#($0\"@%#(B",B"G'*0#]( ! X)(-.&(&!%01/#*#'()%(&!E*69!1).-6.0'.&!9!).2.)&%;/.&A>! ! h%07%2%'%&!*#)7%0#/.&! h%07%2%'%&!$%3.)3/:&%-#4! ! H.-.&%(0.&!7%07%2#/.&!E%)).2.)&%;/.&A4! @%.0'.!-(0!.C-.&%2(!'()P6.!$#-%#!2.&'%;6/#)4!B).-6.0'.!.0!%0-%&%2(&4!@%1<-%/!).3#)#-%804! ! ! !

2E0)$%#(#%C&0(0*(T?0#%('*G0%*'&]( ! "#!3(&%-%80!,./!$6.&(!,.3.0,.!,.!/#!3(&%-%80!,./!,%.0'.4! D0')6&%80>!3+),%,#!,.!#/'6)#4! 5C')6&%80>!&.!7#0#!#/'6)#4! ! V(0')#%0,%-#-%80>! .0! .01.)*.,#,! 3.)%(,(0'#/! .0! 1#&.! #76,#! 9#! P6.! ./! $6.&(! 0(! &%76.! #/! ,%.0'.4! 5&!0()*#/!3.),.)!.0').!bIk!?!**!,.!#/'6)#!,.!$6.&(4! @.$%&-.0-%#&!-(0!:3%-.&!*69!-.)-#0(&!#!/#!-()'%-#/!#/2.(/#)4! !

! !

2E0)$%#(#%C&0(0*(*"B'.0,$%(F0&"%@%,$'*]( ! 5/! /%7#*.0'(! 3.)%(,(0'#/! &.! ).()7#0%J#! ,6)#0'.! ./! *(2%*%.0'(! ()'(,80-%-(4! "#&! 1%;)#&! ,./! /%7#*.0'(!&.!,.&%0&.)'#0!,./!$6.&(!9!,./!-.*.0'(!9!&.!26./2.0!#!%0&.)'#)4!5C%&'.!60!#6*.0'(! ,./!.&3#-%(!3.)%(,(0'#/!.0').!/(&!3.)%(,(&!,.!).#;&()-%80!9!#3(&%-%80!8&.#4!]#*;%+0!.C%&'.! *#9()!7)#,(!,.!*(2%/%,#,!,.0'#)%#4!=%!#3).-%#*(&!60#!*(2%/%,#,!.C-.&%2#!&.!36.,.!,.;.)!#! P6.! #3/%-#*(&! 60#! 16.)J#! *69! %0'.0! 50! .&'.! -#&(! ,.;.*(&! %0'.))6*3%)! ./! ')#'#*%.0'(! $#&'#!P6.!,%&*%069#4!

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i.//4! ! p0#!,.'.)*%0#,#!)'?#'4! F-'G#!-%.)'(!$"0.F%4! =(;).!60!$0\"@%4! X)(2(-#0,(!60!@0E0)$%4! ! !

;'?#'#I( ( x

O.).,%'#)%#&4!

x

V(07+0%'#&!(!3).0#'#/.&4!

x

F,P6%)%,#&>! h.0.)#/.&4! "(-#/.&4! X)(C%*#/.&4!

! !

S"0.F%I( ! x

@6)#-%80>! V(0'%06#4! D0'.)*%'.0'.4!

x

L(*.0'(!,.!#3#)%-%80>! F4 X).0#'#/! g4 X(&0#'#/! V(0!-).-%*%.0'(! =%0!-).-%*%.0'(4!

! !

S0\"@%#I( ! x

_.6)(*6&-6/#)4!

x

@%.0'.&4!

x

O6.&(&4!

x

V#)'
x

].Q%,(&!;/#0,(&4!

! !

10E0)$%#I( ! x

5&P6./+'%-(&4!

x

@.0'#)%(&4!

x

B60-%(0#/.&4!

! ! ( >')$%&0#(0#O?0*^$")%#]( ! =(0!%*3()'#0'.&!.0!/#!.'%(3#'(7.0%#!,.!/#&!*#/(-/6&%(0.&4!!"(&!,%.0'.&!.&':0!.0-/#2#,(&!.0! /(&!*#C%/#).&4!](,#!#0(*#/<#!,.!2(/6*.0!(!,.!3(&%-%80!%01/69.!.0!/#!)./#-%80!%0'.),.0'#)%#4! ! @%&'%076%*(&!,(&!'%3(&!,.!$6.&(!.0!/(&!*#C%/#).&>! ! x

O6.&(!;#&#/4!

x

O6.&(!#/2.(/#)4!

! "#!*#/(-/6&%80!8&.#!3)(-.,.!,.>! ! ?4 "#!)./#-%80!#0()*#/!,.!/#&!;#&.&!8&.#&4!

Fisura palatina bilateral con hipoplasia maxilar y mordida cruzada anterior.

K4 @.!/#!#0(*#/<#!3(&%-%(0#/!(!2(/6*+')%-#!.0').!J(0#!;#&#/!9!J(0#!#/2.(/#)4! ! 5/!$6.&(!#/2.(/#)!#3#).-.!9!,.#).-.!!.0!160-%80!,.!/(&!,%.0'.&4! 5/!;#&#/!3.)*#0.-.!'(,#!/#!2%,#4! ! ! !

40*')"A,(C'#'*]( ! @%&3/#&%#&!-(0,%-%(0#,#&!3()!,.&3)(3()-%80!,.!/#&!;#&.&!*#C%/#).&>! ! F4 F0(*#/<#&!#0'.)(3(&'.)%().&4! g4 F0(*#/<#&!2.)'%-#/.&4! V4 F0(*#/<#&!')#0&2.)&#/.&4! ! ! ! R,23'%+'(!',1/.2<2(1/.*2./("! ! g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x

F!0%2./!*#0,%;6/#)>! L%-)(70#'%&*(4! B(&#!7/.0(%,.#!*:&!3(&'.)%()4!

! x

F!0%2./!*#C%/#)>! L#C%/#)!7)#0,.!9!#,./#0'#,(4! g#&.!-)#0.#/!#0'.)%()I!/#)7#!#0'.)(3(&'.)%()*.0'.4!

! !

! R,23'%+'(!=/.1*)'%/("! ! ].0.*(&!2#)%#&>! ! x

@.&3)(3()-%80!.0').>! F/'6)#!1#-%#/!#0'.)%()4! F/'6)#!1#-%#/!3(&'.)%()4!

x

X)(C%*%,#,4!

x

@%&'#0-%#4!

x

F/'6)#!1#-%#/!#6*.0'#,#4!

x

F/'6)#!1#-%#/!,%&*%06%,#4!

! ! F/'6)#!#0'.)%()!#6*.0'#,#>! ! x

"(&!%0-%&%2(&!-).-.0!*:&4!

x

L(),%,#!#;%.)'#4!

x

O%3.),%2.)7.0-%#!,.!/#&!;#&.&!*#C%/#).&4!

! ! F/'6)#!#0'.)%()!,%&*%06%,#>! ! x

"(&!%0-%&%2(&!&.!.0').-)6J#04!

x

=(;).*(),%,#4!

x

g#&.&!*#C%/#).&!3)8C%*#&4!

! ! ! R,23'%+'(!1.',(=/.('%/("! !

g#&.!*#C%/#)!).&3.-'(!#!/#!*#0,%;6/#)4! ! x

g#&.!*#C%/#)!.&').-$#>!*(),%,#!-)6J#,#4!

x

g#&.!*#C%/#)!#0-$#>!*(),%,#!.0!'%Q.)#4!

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

7W#)?*%#(@0(*'(0DF&0#"A,(E')"'*(P(*0,B?'](

( 5C%&'.!60!.P6%/%;)%(!.0').!/#!*6&-6/#'6)#!/%076#/!E%0'.)%()A!9!/(&!/#;%(&!9!/#&!*.Q%//#&!E.C'.)%()A4! =%!&.!)(*3.!.&'.!.P6%/%;)%(!,.!16.)J#&!&.!36.,.0!3)(,6-%)!*#/(-/6&%(0.&4!=.!36.,.!)(*3.)! 3()!$:;%'(&!,.!,.7/6-%80!%0-()).-'(&!9!'(0%-%,#,!/#;%#/!,%&*%06%,#!(!#6*.0'#,#4!50!-#&(&!,.! *#-)(7/(&%#! ,.;.).*(&! %0'.0'#)! -()).7%)! #0'.&! ,%-$#! 3#'(/(7<#! 9#! P6.! &%0(! '.0,).*(&! ).-%,%2#!3(&')#'#*%.0'(4! ! !

7W#)?*%#(.'#$")'$%&"%#]( ( LG&-6/(&! ./.2#,().&! ! 9! ,.3).&().&! -(0')(/#0! /#! 3(&%-%80! 9! /#! ,%0:*%-#! *#0,%;6/#)4! =%! &.! 3)(,6-.!60!,.&.P6%/%;)%(!.0!/#!'(0%-%,#,!&.!#/'.)#!/#!)./#-%80!%0'.)*#C%/#)!3()P6.!*(,%1%-#!/#! 3(&%-%80!,.!/#!*#0,<;6/#!).&3.-'(!#/!-(0Q60'(!-)#0.(*#C%/#)4!"#!'(0%-%,#,!,.!/#!*6&-6/#'6)#! ./.2#,()#!,.'.)*%0#!/#!3(&%-%80!,.!/#!*#0,<;6/#4!"#!*#0,<;6/#!.&':!&6&3.0,%,#4!"#!3(&%-%80! ,.! ).3(&(! ,.3.0,.! ,./! .P6%/%;)%(! .0').! *G&-6/(&! ./.2#,().&! 9! /#! *6&-6/#'6)#! &63)#! .! %01)#$%(%,.#4! ! p0!#6*.0'(!,.!/#!'(0%-%,#,!,.!/#!*6&-6/#'6)#!*#&'%-#'()%#>! ! x

F3)(C%*#!/#!*#0,<;6/#!#/!*#C%/#)4!

x

"#!*(),%,#!'%.0,.!#!-.))#)&.4!

x

V(*3.0&#-%80!,.0'#)%#!2.)'%-#/4!

x

=(;).*(),%,#!E&%70(!,.!$%3.)'(0%-%,#,!,./!'.*3()#/I!*#&.'.)(!9!3'.)%7(%,.(A4!

! p0#!*#9()!'(0%-%,#,!,.!/#!*6&-6/#'6)#!$%(%,.#>! ! x

L#0,<;6/#!;#Q#4!

x

"#!*(),%,#!'%.0,.!#;)%)&.4!

x

V(*3.0&#-%80!,.0'#)%#!E-).-%*%.0'(!2.)'%-#/A4!

=%!/(&!*(/#).&!.)63-%(0#0!*:&!P6.!/(&!%0-%&%2(&!'.0,).*(&!60#!*(),%,#!#0'.)%()!E&.-6./#!,.! $%3.)#-'%2%,#,!,.!/#!*6&-6/#'6)#!$%(%,.#A4!

! ! ! >')$%&0#(@0,$'*0#]( ! x

X#')80!,.0'#/4! H.&3(0&#;/.!,.!*#/(-/6&%(0.&4! H.&3(0&#;/.!,./!,.&.P6%/%;)%(!,./!#3#)#'(!.&'(*#'(70:'%-(4!

x

]#*#[(!,.0'#)%(!

x

]#*#[(!*#C%/#)4!

x

L#/(-/6&%(0.&!160-%(0#/.&!,.!()%7.0!,.0'#)%(4!

! !

S'.'`%(@0,$'&"%(0,(&0*')"A,()%,($'.'`%(.'D"*'&]( ! p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

]#*;%+0!(')#!1()*#!,.!#,#3'#-%80!#!/#!1#/'#!,.!.&3#-%(!.&!/#!3)(')6&%80!,.!/(&!%0-%&%2(&!-(0! ).&3.-'(!#!/#!;#&.!*#C%/#)4! ! ! !

7'*%)*?#"%,0#(E?,)"%,'*0#(@0(%&"B0,(@0,$'&"%]( ! @.&2%#-%(0.&!,./!3#')80!,.!-%.)).!*#0,%;6/#)!3()!%0'.)1.).0-%#&!(-/6&#/.&4! !

;*'#0(999]( ! L(),%,#!-)6J#,#!#0'.)%()>! ! x

H.')(3(&%-%80!,.!/(&!-6#')(!%0-%&%2(&!&63.)%().&4!

x

L(),%,#!;(),.!#!;(),.4!

x

L#0,<;6/#!.0!-/#&.!DDD4!

x

F/'.)#-%80!,.!/#!)./#-%80!%0'.)*#C%/#)4!

x

L#/(-/6&%80!7.0.)#/%J#,#4!

! L#/(-/6&%80!/#'.)#/4! ! x

L(),%,#!-)6J#,#!/#'.)#/4!

x

@.&2%#-%80!160-%(0#/!,.!/#!*#0,<;6/#4!

x

@.&2%#-%80!,./!')#9.-'(!.)63'%2(4!

! @.'.--%80!*.,%#0'.!.&'6,%(!7.0+'%-(!E-#)%('%3(A4! ! =.!$.).,#!#!0%2./!,.>! !

! ! !

x

=%&'.*#!0.6)(*6&-6/#)4!

x

].Q%,(&!;/#0,(&4!

x

].Q%,(!8&.(4!

x

@%.0'.&4!

Desviación funcional de la mandíbula con mordida cruzada del incisivo lateral superior.

3"#$0.'(,0?&%.?#)?*'&]( ! F0(*#/<#!,.>! ! x

]#*#[(>! L#-)(7/(&%#>! 3)(')6&%80I! ,%#&'.*#&! 3)(C%*#/.&I! ).-%,%2#! .0! ./! ')#'#*%.0'(! ()'(,80-%-(4!

x

X(&%-%80>! O%3(7/(&%#>!/.076#!*:&!).')#<,#4!

x

](0%-%,#,>!$%3.)')(1%#!(!#')(1%#!*6&-6/#)4!L#9()!'(0%-%,#,!/#;%#/4!H.')69.!/(&!,%.0'.&4!

x

V(0')#-'%/%,#,4!

x

X#')80!,.!-((),%0#-%804!

! ! !

S0\"@%#(C*',@%#]( ! x

O%3.)')(1%#!#,.0(%,.#4!

x

B).0%//(&4!

x

O%3.)3/#&%#!#*%7,#/#)4!

x

L%-)(&'(*<#4!

! ! !

S0\"@%(A#0%]( ! @%&3/#&%#&!$.).,%'#)%#&4! F/'.)#-%(0.&!.0!./!2(/6*.0!(!3(&%-%80!,.!/(&!*#C%/#).&>! ! x

]#*#[(4!

x

B()*#4!

x

"(-#/%J#-%80!(!3(&%-%804!

x

D0.C%&'.0-%#!,.!$6.&(&4!

! F!0%2./!')#0&2.)&#/!.0!*#C%/#).&>! ! x

B#/'#!,.!,.&#))(//(!')#0&2.)&#/>!3)(2(-#!*#/(-/6&%80!.0!&.0'%,(!#0'.)(3(&'.)%()4!

! ! !

1"0,$0#]( ! X)%*.)!1#-'()!.'%(/87%-(!.&!/#!,.&3)(3()-%80!.0').!,%.0'.&!9!*#C%/#).&4!5&'(!36.,.!3)(2(-#)! #3%[#*%.0'(!(!,%#&'.*#&4!"#&!#/'.)#-%(0.&!36.,.0!&.)!2#)%#&>! ! x

]#*#[(4! L%-)(,(0-%#4! L#-)(,(0-%#4!

x

B()*#4! h.*%0#-%804! B6&%804! V(0-).&-.0-%#4!

x

_G*.)(4! O%3.)(,(0-%#4! O%3(,(0-%#4! F7.0.&%#4! F0(,(0-%#4!

x

L%0.)#/%J#-%804! @.0'%0(7+0.&%&!%*3.)1.-'#4! F*./(7+0.&%&!%*3.)1.-'#4!

x

])#9.-'(!.)63'%2(4! 5-'(3%#4!

x

=.-6.0-%#!.0!/#!.)63-%804!

! ! ! 7'*%)*?#"%,0#()%,B^,"$'#]( ! =(0!#P6.//#&!P6.!&.!3)(,6-.0!,6)#0'.!./!,.&#))(//(!,./!.*;)%804!=(0!,.!,(&!'%3(&>! ! F4 V#6&#&!,%).-'#&4! F/'.)#-%(0.&!#*0%8'%-#&4! ])#6*#!,6)#0'.!./!.*;#)#J(4! g4 V#6&#&!%0,%).-'#&4! HC4! L.,%-#*.0'(&4! @)(7#&4! O%3(C%#4! =').&&!9!#/'.)#-%(0.&!3&
! ! !

7'*%)*?#"%,0#(O?0('F'&0)0,(@?&',$0(0*(@0#'&&%**%]( ! 5&':0!3)(2(-#,#&!3()!1#-'().&!.C')<0&.-(&!*.,%(#*;%.0'#/.&4!=.!-/#&%1%-#0!.0>! !

/0,0&'*0#]( ( R%*3/,1')*7,"! ! D01/69.0!60#!&.)%.!,.!-#)#-'.)<&'%-#&>! ! x

Y%'#*%0#!F>!#-./.)#!/#!.)63-%80I!(&%1%-#-%80!.0,(-(0,)#/!9!-#/-%1%-#-%804!

x

Y%'#*%0#!g?K!9!:-4!B8/%-(>!.&'%*6/#0!./!-).-%*%.0'(4!

x

Y%'#*%0#!@>!).76/#!./!*.'#;(/%&*(!,./!-#/-%(4!

x

=#/.&!*%0.)#/.&I!Bm>!1()*#-%80!,.!1/6()#3#'%'#4!

x

"#!'+-0%-#!,.!#/%*.0'#-%80>!./!;%;.)80!0(!.&'%*6/#!./!-).-%*%.0'(!*#0,%;6/#)4!

x

V(0&%&'.0-%#! ,.! /#! #/%*.0'#-%80>! *#&'%-#)! .&! 160,#*.0'#/! 3#)#! ./! ,.&#))(//(! ,.! /(&! *#C%/#).&4!

! ! L#&'%-#-%80!*#&.'.)%0#>! ! x

F*3/%#!#-'%2%,#,!*6&-6/#)4!

x

F6*.0'(!,./!,.&#))(//(!8&.(!

x

F)-(!,.0'#/!%01.)%()!&.!,.&3/#J#!$#-%#!,./#0'.4!

x

@%&*%069.!/#!&(;).*(),%,#4!

x

5C%&'.!60!3(&%-%80!.&'#;/.!,.!/(&!*(/#).&4!

! ! L#&'%-#-%80!'.*3()#/>! ! x

g#Q#!#-'%2%,#,!*6&-6/#)4!

x

@%&*%069.!./!,.&#))(//(!8&.(4!

x

F6*.0'#!/#!&(;).*(),%,#4!

x

F)-(!,.0'#)%(!%01.)%()!0(!&.!,.&3/#J#!$#-%#!,./#0'.4!

x

_(!$#9!60!#3(&%-%80!.&'#;/.!,.!/(&!*(/#).&4!

! ! ! ?,;/.3/-'-/(!D/,/.'%/("!

( ( Z2.32,'%/("!

( O%3(3%'6%'#)%&*(4! ! x

@%&*%069.!/#!&.-).-%80!,.!/#!$()*(0#!,.!-).-%*%.0'(4!

x

5C%&'.!60!,.1.-'(!7.0.)#/!.0!./!-).-%*%.0'(4!

x

L#0'%.0.!/#!-/#&.!DD!1%&%(/87%-#!P6.!&.!-(02%.)'.!.0!3#'(/87%-#4!

x

50#0%&*(4!

x

5C%&'.!60!#3%[#*%.0'(!#-6&#,(4!

! ! O%3.)3%'6%'#)%&*(4! ! x

F6*.0'(!,.!/#!&.-).-%80!,.!/#!$()*(0#!,./!-).-%*%.0'(4!

x

5C%&'.!60!.C-.&(!7.0.)#/%J#,(!,.!-).-%*%.0'(4!

x

"/.2#!#!60#!-/#&.!DDD!3#'(/87%-#!3()!.C-.&(!,.!-).-%*%.0'(!*#0,%;6/#)4!

x

h%7#0'%&*(!9!#-)(*.7#/%#4!

x

O#9!,%#&'.*#&4!

! ! O%3.)'%)(%,%&*(4!

! x

5C%&'.!60!#6*.0'(!,./!-).-%*%.0'(!8&.(4!

x

=.!-%.)))#0!/#&!&6'6)#&!3).*#'6)#*.0'.4!

x

5C%&'.!60!#,./#0'#*%.0'(!.0!/#!(&%1%-#-%80!E.,#,!.&P6./+'%-#!#,./#0'#,#A4!

x

]#*;%+0!.C%&'.!60!#,./#0'#*%.0'(!.0!/#!.)63-%80!E.,#,!,.0'#/!#,./#0'#,#A4!

! ! !

6%)'*0#]( ( o#!$.*(&!$#;/#,(!,.!.//#&!#0'.)%()*.0'.4!=(0!'(,#&!#P6.//#&!)./#-%(0#,#&!,%).-'#*.0'.!-(0! /(&!,%.0'.&!E#7.0.&%#&I!*#-)(,(0-%#I!*%-)(,(0-%#I!.'-4A! Agenesia de incisivos laterales superiores con distemas interproximales.

Incisivo supernumerario en dentición temporal.

Y&%D".'*0#]( ! =(0!#P6.//#&!*#/(-/6&%(0.&!3)(2(-#,#&!3()!$:;%'(&!,./.'+).(&I!-(*(!36.,.0!&.)>! ! x

=6--%80!,%7%'#/4!

x

=6--%80!,./!36/7#)4!

x

D0'.)3(&%-%80!/#;%#/4!

x

L(),%&P6.(!,.!6[#&4!

! ! ](,(&!.&'(&!$:;%'(&!3)(2(-#0!#!0%2./!7.0.)#/>! ! x

X)(')6&%80!,.!%0-%&%2(&!&63.)%().&4!

x

"%076#/%J#-%80!,.!/(&!%01.)%().&4!

x

H.&#/'.!#6*.0'#,(4!

x

L(),%,#!#;%.)'#!#0'.)%()4!

! ! F!0%2./!/(-#/>! ! x

X+),%,#!3).*#'6)#!,.!,%.0'.&4!

x

D*3#-'#-%80!,.0'#)%#4!

x

H.'.0-%804!

x

F/'.)#-%(0.&!.0!./!0G*.)(!9!.0!/#!.)63-%804!

x

F0P6%/(&%&4!

! ! ]#*;%+0!'.0.*(&!,.0')(!,.!.&'.!7)63(!#!/(&!).&3%)#,().&!;6-#/.&4!50!.&'.!-#&(!3)(2(-#):>! ! x X)(')6&%80!,.0'#)%#4!

!

x

X#/#,#)!(Q%2#/!E,%&*%06-%80!,.!/#!/(07%'6,!,.!#)-#,#A4!

x

X).,(*%0%(!,.!/#!*6&-6/#'6)#!$%(%,.#>!*#0,<;6/#!$#-%#!#;#Q(!9!$#-%#!#'):&4!

-1!239:=(2=(54S515=;9-]( ! 5/! G0%-(! '%3(! ,.! #3#)#'(/(7<#! P6.! 2#! #! %)! -.*.0'#,#! (! #,$.)%,#! #! /(&! ,%.0'.&!.&!/#!#3#)#'(/(7<#!1%Q#4!5&'#!.&':!-(*36.&'#!3()!,%&'%0'(&!./.*.0'(&>! ! x

5/.*.0'(&!3#&%2(&>!')#0&*%'.0!/#&!16.)J#&!,.!/(&!./.*.0'(&!#-'%2(&4! X6.,.0!&.)>!;('(0.&I!;)#-i.'&I!;#0,#&I!'6;(&I!.'-4!

! x

5/.*.0'(&! #-'%2(&>! &(0! /(&! P6.! ).#/%J#0! /#! 16.)J#! 3)(3%#*.0'.! ,%-$#4!X6.,.0!&.)>!#)-(&I!7(*#&I!'()0%//(&I!.'-4!

! ! 8',@'#]( ! =(0!#0%//(&!*.':/%-(&!#,#3'#,(&!9!-.*.0'#,(&!#/).,.,()!,./!,%.0'.4!5C%&'.0!2#)%(&!'%3(&>! ! x

B#;)%-#,#&!%0,%2%,6#/*.0'.!3#)#!-#,#!3#-%.0'.4!

x

X).1()*#,#&>!,.0')(!,.!.&'#&!3(,.*(&!,%&'%076%)>!

! ƒ

V(0!#,%'#*.0'(&>!&(0!*:&!-#)#&4!X6.,.0!//.2#)!'6;(&!9!;)#-i.'&!3()! 2.&'%;6/#)!(!3#/(*%//#&!9!-#Q#&!3()!/%076#/4!

ƒ

=%0! #,%'#*.0'(&>! #! &6! 2.J! 36.,.0! &.)! &'#0,#),I! -6#0,(! 0(! 2%.0.0! 3#)#! 0%07G0! *(/#)! .&3.-<1%-#*.0'.! E&8/(! &63.)%()! (! %01.)%()A! 9! #0#'8*%-#&! #P6.//#&! P6.! 2%.0.0! 3#)#! -#,#! *(/#)! .&3.-<1%-(! 9! 3#)#! -#,#!,%:*.')(4!

! "#&! &'#0,#),! #3(9#,#&! &(;).! /#! &63.)1%-%.! (-/6&#/! &(0! 3/#0#&I! 0(! #&
9,@")')"%,0#(@0(*'#(C',@'#]( ! x

50!./!G/'%*(!*(/#)!&%.*3).!-(/(-#)!;#0,#&4!

x

50! ./! -#&(! ,.! '.0.)! P6.! ).#/%J#)! 16.)J#&! %0'.0&#&! .! %0'.)*%'.0'.&! E#)-(&! .C')#()#/.&I! '()0%//(!,.!.C3#0&%80A4!

x

_.-.&%,#,!,.!#0-/#Q.!3()!2.&'%;6/#)!9!3()!/%076#/4!

x

50!./!-#&(!,.!'.0.)!-()(0#&!-/<0%-#&!-()'#&4!

x

V6#0,(!'.07#*(&!&63.)1%-%.&!3)(;/.*:'%-#&!3#)#!/#!#,$.&%804!

! ! 8&')v0$#]( ! =6)7%.)(0!-6#0,(!#3#).-%.)(0!/#&!).&%0#&!9!-(*3(&%'.&!P6.!&(0!-#3#-.&!,.!-.*.0'#)/(&4!=(0! ./.*.0'(&! *:&! 3.P6.[(&I! $%7%+0%-(&! 9! .&'+'%-(&! P6.! /#&! ;#0,#&! P6.! &.! -.*.0'#0! &(;).! /#&! -#)#&! 2.&'%;6/#).&! ,.! /(&! ,%.0'.&! 3#)#! ')#0&*%'%)! #! /(&! *%&*(&! /#&! 16.)J#&! P6.! /%;.)#0! /(&! ./.*.0'(&!#-'%2(&4!5C%&'.0!,%&'%0'(&!'%3(&!,.!;)#-i.'&>! ! x

X()!./!0G*.)(!,.!#/.'#&>!

! =.0-%//(&4! h.*./(&4!! ! x

X()!./!*#'.)%#/>!

! L.':/%-(&>!,.!#-.)(!%0(C%,#;/.4! 5&'+'%-(&>!P6.!36.,.0!&.)!,.!3(/%-#);(C%/#'(!(!,.!-.):*%-#4! ! ! !

8&')v0$#(@0(F%*")'&C%D"*'$%]( !

x

5&':0!-(01.--%(0#,#&!.0!3/:&'%-(!')#0&3#).0'.4!

x

=.!)(*3.0!1:-%/*.0'.!9!-#*;%#0!,.!-(/()4!

x

]%.0.!60#!.&-#&#!.&'#;%/%,#,!,.!/#!,%*.0&%80!,.!/#!)#06)#4!

x

X(&..0!#/'#!1)%--%80I!0(!3.)*%'.0!./!,.&3/#J#*%.0'(!,./!#/#*;).!3()!/#!)#06)#4!

! !

8&')v0$#()0&H.")%#]( ! x

=(0!).&%&'.0'.&!#!/#&!*#0-$#&!E0(!-#*;%#0!,.!-(/()A4!

x

=(0!.&'#;/.&!,%*.0&%(0#/*.0'.4!

x

@.&7#&'#0!,%.0'.&!#0'#7(0%&'#&4!

x

=(0!*:&!1):7%/.&!P6.!/(&!*.':/%-(&4!

x

@#[#0!./!.&*#/'.!#/!).'%)#)/(&4!

x

]%.0.!#/'#!1)%--%804!O#9!-#&#!-(*.)-%#/.&!P6.!-(*;%0#0!/(&!;)#-i.'&!-.):*%-(&!-(0!/#! )#06)#!*.':/%-#4!

!

J0,$'\'#(@0*(?#%(@0(C&')v0$#]( ! x

_(!.&!0.-.&#)%(!&.3#)#)!/(&!,%.0'.&4!

x

B:-%/!-(0')(/!,.!&63.)1%-%.&!%0'.)3)(C%*#/.&4!

x

=(0!,.!1:-%/!-(/(-#-%80!9!).'%)#,#4!

x

O#9!60#!*.Q()<#!.&'+'%-#!-(0!).&3.-'(!#!/#&!;#0,#&4!

x

5C%&'.!60#!*.0()!%))%'#-%80!7%07%2#/4!

x

]#*;%+0!.C%&'.!60!*.0()!<0,%-.!,.!,.&-#/-%1%-#-%80!9!*#0-$#&!;/#0-#&4!

! ! ! 7'$0&"'*0#(@0('@T0#"A,]( ! X#)#!;#0,#&>! x

V.*.0'(!,.!(C%1(&1#'(!,.!J%0-4!

x

V.*.0'(!,.!:-%,(!3(/%#-)
x

V.*.0'(!,.!2%,)%(!%(08*.)(4!

! X#)#!;)#-i.'&>! x

V.*.0'(!,.!).&%0#!9!-(*3(&%'.4!

! ! !

;0.0,$%(@0(%D"E%#E'$%(@0(c",)]( ! =.!3).&.0'#!.0!,(&!1)#&-(&I!60(!,.!3(/2(!9!(')(!,.!/
-#2%'#)%#A4!5&!-(02.0%.0'.!$#-.)!/#!*.J-/#!&(;).!60#!/(&.'#!,.!-)%&'#/!1)<#I!.&'(!&.!,.;.!#!P6.! -6#0'(!*:&!1)<#!.&'+!/#!/(&.'#!*:&!3(/2(!#,*%'%):!/#!*.J-/#4!=.!,.;.!%)!#[#,%.0,(!3(/2(!.0! '+-0%-#!%0-).*.0'#/4!5/!.&3#'6/#,(!,.;.!&.)!.0+)7%-(4!5/!'%.*3(!,.!')#;#Q(!.&!,.!.0').!k!9!n! *%06'(&4!@.;.*(&!.&3.)#)!.0').!?K!9!KN!$()#&!3#)#!&(*.'.)/(!#!-#)7#4! ! Y&%F"0@'@0#I( ! x

g6.0#!).&%&'.0-%#!#!/#!-(*3).&%804!

x

L(,.)#,#!).&%&'.0-%#!#!/#!')#--%804!

x

F/'#!&(/6;%/%,#,!.0!*.,%(!;6-#/4!

x

5-(08*%-(4!

!

;0.0,$%(@0(H)"@%(F%*"')&+*")%]( ! =.!3).&.0'#!.0!,(&!1)#&-(&I!60(!,.!3(/2(!9!(')(!,.!/
L.0()!).&%&'.0-%#!#!/#!-(*3).&%80!P6.!./!#0'.)%()4!

x

L#9()!).&%&'.0-%#!#!/#!')#--%80!P6.!./!#0'.)%()4!

x

F,$.&%80!P6<*%-#!#/!.&*#/'.!9!,.0'%0#!3()!#--%80!P6./#0'.!,.!/(&!7)63(&!-#);(C%/(&4!

! ! !

;0.0,$%(@0(G"@&"%("%,A.0&%](

! =.! 3).&.0'#! .0! ,(&! 1)#&-(&I! 60(! ,.! 3(/2(! 9! (')(! ,.! /
! !

x

L69!&.0&%;/.!#!/#!,.&.-#-%804!

x

L69!&.0&%;/.!#!/#!$6*.,#,4!

x

5/.2#,#!).&%&'.0-%#!#!/#!-(*3).&%804!

x

=%*%/#)!).&%&'.0-%#!#!/#!')#--%804!

x

5&!*.0(&!&(/6;/.!P6.!'(,(&!/(&!#0'.)%().&4!

x

"%;.)#!1/G()4!

x

5&!;#-'.)%(&':'%-(4!

x

X)(,6-.!60#!60%80!P6<*%-#!#/!.&*#/'.!*.,%#0'.!%(0.&!-#/-%(4!

;0.0,$%(@0("%,A.0&%(@0(G"@&"%(.%@"E")'@%()%,(&0#",'#(%(T+C&"@%#]( ! X6.,.0! &.)! 1('(! (! #6'(3(/%*.)%J#;/.&4! =6! 3).&.0'#-%80! .&! 60! 1)#&-(! ,.! 3(/2(! 9! (')(! ,.! /
L.Q()#!.0!/#!&(/6;%/%,#,!-(0!).&3.-'(!#!/(&!%(08*.)(&!,.!2%,)%(!-(02.0-%(0#/.&4!

x

]%.0.0!60#!*#9()!16.)J#!,.!#,$.&%80!P6.!/(&!%(08*.)(&!,.!2%,)%(!-(02.0-%(0#/.&4!

! !

;0.0,$%(@0(&0#",'(P()%.F%#"$0]( ! "(&! -.*.0'(&! ,.! ).&%0#! .&':0! -(*36.&'(&! 3()! ).&%0#! '%3(! g%&hLF4! "(&! -.*.0'(&! ,.! -(*3(&%'.!.&':0!-(*36.&'(&!3()!).&%0#!,%*.'#-)%/#'(!9!60!).//.0(!-(*36.&'(!3()!3#)'<-6/#&! ,.! &
W6.!&.#!,.!3(/%*.)%J#-%80!):3%,#4!

x

W6.!0(!3).&.0'.!-(0')#--%80!,.!3(/%*.)%J#-%804!

x

5/.2#,#!,6).J#4!

x

V(.1%-%.0'.!,.!.C3#0&%80!'+)*%-#!&%*%/#)!#/!,./!,%.0'.4!

x

W6.!0(!&.#!&(/6;%/%J#;/.!.0!*.,%(!()#/4!

! !

x

W6.!3(&.#!60#!#,.-6#,#!60%80!#/!.&*#/'.!9!#/!;)#-i.'!(!;#0,#4!

x

W6.!'.07#!./.2#,#!).&%&'.0-%#!/#&!16.)J#&!,.!')#--%804!

x

W6.!&.!36.,#!./%*%0#)!-(0!1#-%/%,#,4!

x

W6.!&.#!.-(08*%-(4!

>'#0#()*+,")'#(@0*(0.C',@'@%(P()0.0,$'@%(@0(C',@'#]( !

30F'&')"A,(@0(@"0,$0#]( ( 5/!(;Q.'%2(!.&!#;)%)!/(&!.&3#-%(&!%0'.)3)(C%*#/.&!3#)#!P6.!/#!;#0,#!.0').!-()).-'#*.0'.4!=.! 36.,.! ).#/%J#0! -(0! #/#*;).! ,.! /#'80I! -(0! ).&()'.&! (! -(0! #0%//(&! ./#&'(*+)%-(&4! =.! ,.;.0! *#0'.0.)!M!(!N!,<#&!9!0(!*:&!3()!3./%7)(!#!3.),.)/(&!.0!./!.&3#-%(!&6;7%07%2#/4! !

30*0))"A,(@0(*'(C',@']( ( Z)%.0'#)&.!3).2%#*.0'.!.0!./!*(,./(4!@.;.*(&!*.,%)!-(0!60!-#/%;).!./!,%:*.')(!*.&%(,%&'#/! ,./!,%.0'.!9!./.7%)!60#!;#0,#!.0').!./!&'(-i4!"6.7(!6&#).*(&!./!*+'(,(!,.!.0 (m.))()4! !

2.C',@'@%]( ! 50-#Q#)!/#!;#0,#!&./.--%(0#,#4!X)%*.)(!,.;.*(&!3).&%(0#)!-(0!06.&')(&!,.,(&4!"6.7(!0(&! #96,#).*(&! ,.! /#&! 16.)J#&! ,.! /#! *#&'%-#-%80! ,./! 3#-%.0'.! 9! ,.! 60! *(),.,()! 3/#0(4! X()! G/'%*(!3#)#!-(*3/.'#)!./!#Q6&'.!6'%/%J#).*(&!06.2#*.0'.!/#&!16.)J#&!,.!/#!*#&'%-#-%80!9!60! *(),.,()!')%#076/#)4! !

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

;0.0,$'@%]( ! ?4 "#2#)!9!&.-#)!/#!;#0,#4! K4 D*3).70#)!,.!2#&./%0#!./!'6;(!(!/#!)#06)#4!

M4 V(/(-#)/#!-(0!./!;(),.!7%07%2#/!$#-%#!#))%;#4! N4 "#2#)!9!&.-#)!./!,%.0'.4! k4 F%&/#)!-(0!)(//%'(&!,.!#/7(,80!9!#&3%)#-%80! c4 g#'%)!./!-.*.0'(!,.!2%,)%(!%(08*.)(4! f4 F3/%-#)/(! &(;).! /#! &63.)1%-%.! 7%07%2#/! ,.! /#! ;#0,#I! 3)(-6)#0,(! P6.! //.0.! '(,#! /#! &63.)1%-%.!%0'.)0#4! d4 V(/(-#)!/#!;#0,#!&(;).!60!,.,(!.076#0'#,(!E7%07%2#/!$#-%#!#))%;#A4! n4 V(/(-#)/#!&(;).!./!,%.0'.!6�,(!./!,.,(!-(*(!+*;(/(4! ?b4 5/%*%0#)!./!-.*.0'(!P6.!).1/69.4! ??4 ].)*%0#)!,.!#Q6&'#)!3()!*.,%(!,.!*(),.,().&4! ?K4 H.2%&#)!/#!#/'6)#!9!3(&%-%804! ?M4 H.'%)#)!./!.C-.&(!,.!-.*.0'(4! ! ! ! Y%#")"A,(@0(*'(C',@']( ( x

g(),.!(-/6&#/!,.!/#!;#0,#!3#)#/./(!#!/#!&63.)1%-%.!(-/6&#/!,./!,%.0'.4!

x

@%&'#0-%#! .0').! /#! -G&3%,.! *.&%#/! 9! /#! ;#0,#! ,.;.! &.)! %76#/! #! /#! ,%&'#0-%#! .0').! /#! -G&3%,.!,%&'#/!9!/#!;#0,#4!

x

5/!!-.0')(!,.!/#!;#0,#!,.;.!.&'#)!#!N!**4!,.!/#!-G&3%,.!*.&%(2.&'%;6/#)!E.0!#/'6)#A4!

x

@.;.!.&'#)!#!/#!*%&*#!#/'6)#!3()!/%076#/!9!3()!2.&'%;6/#)4!

x

"#!;#0,#!,.;.!.&'#)!bIkm?!**4!&6;7%07%2#/4!

! ! Y%#")"A,(@0(*%#('@"$'.0,$%#]( ! x

V(0! ).&3.-'(! #! /#! 2.)'%-#/! ,.;.0! .&'#)! #! N! **4! ,.! /#! 360'#! ,.! /#! -G&3%,.! *.&%(2.&'%;6/#)4!

x

V(0!).&3.-'(!#/!3/#0(!%'#/!/#!.0')#,#!,.!/(&!#,%'#*.0'(&!,.;.!.&'#)!.0!./!.Q.!,.!/#! -G&3%,.!*.&%(2.&'%;6/#)4!

x

V(0,%-%(0.&!,.!60#!;#0,#!;%.0!#,#3'#,#4!

x

@.;.!.&'#)!#Q6&'#,#!.0!'(,(!./!-(0'()0(!,./!,%.0'.4!

x

@.;.!$#;.)!-.*.0'(!.0!'(,(!./!-(0'()0(!.0').!;#0,#!9!,%.0'.4!

x

_(!36.,.!3)(,6-%)!%0'.)1.).0-%#&!(-/6&#/.&4!

x

"(&!#,%'#*.0'(&!,.;.0!.&'#)!#!N!**4!9!.0!/#!2.)'%-#/!,.!/#!-G&3%,.!*.&%(2.&'%;6/#)4!

x

@.;.!.&'#)!&6;7%07%2#/!bIkm?!**4!

x

5/!;(),.!&63.)%()!,.!/#!;#0,#!,.;.!&.)!3#)#/./(!#!/#!&63.)1%-%.!(-/6&#/4!

! ! ! S^),")'#(@0()0.0,$'@%(@0(C&')v0$#]( !

S^),")'(@0()0.0,$'@%(@"&0)$%]( ( ?4 =.!3).3#)#0!/#&!;)#-i.'&4! K4 =.!/.!-(/(-#!#/!3#-%.0'.!60!#;).;(-#&4! M4 "%*3%#*(&!./!.&*#/'.!-(0!3(/2(!,.!3%.,)#!38*.J!9!#76#!-(0!60#!-(3#!,.!7(*#4! N4 "#2#*(&!9!&.-#*(&!./!,%.0'.4! k4 h)#;#*(&!./!.&*#/'.4! c4 "#2#*(&!9!&.-#*(&!$#&'#!P6.!./!.&*#/'.!.&'+!;/#0-(!'%J#4! f4 F3/%-#*(&!).&%0#!1/6%,#!&%0!).//.0(!-(0!60!3%0-./4! d4 F3/%-#*(&!./!-.*.0'(!&(;).!/#!;#&.!,./!;)#-i.'4! n4 V(/(-#*(&!./!;)#-i.'!&(;).!/#!&63.)1%-%.!,.0'#)%#!3).&%(0#0,(!1%)*.*.0'.!3#)#!P6.! &#/7#!.C-.&(!,.!-.*.0'(4! ?b4 X(&%-%(0#)/(!-()).-'#*.0'.!.0!cbmnb!&.760,(&4! ??4 5/%*%0#)!.C-.&(!-(0!&(0,#4! ?K4 B)#76#,(!.0!KIk!*%06'(&4! ?M4 H.'%)#)!#&%/#*%.0'(!#!/(&!k!*%06'(&4! ?N4 V(/(-#)!#)-(!#!/(&!?b!*%06'(&4! ! !

S^),")'(@0()0.0,$'@%(",@"&0)$%]( ! x

Z;'.0.)!60!*(,./(!,.!')#;#Q(4!

x

@.'.)*%0#)!/#!3(&%-%80!,./!;)#-i.'!&(;).!./!*(,./(4!

x

X.7#)!./!;)#-i.'!.0!./!*(,./(!-(0!-#)#*./(!/
x

V(01.--%(0#)!60#!-6;.'#!,.!&%/%-(0#!3.&#,#!P6.!-6;)#!&8/(!/#!&63.)1%-%.!2.&'%;6/#)!9! (-/6&#/!,.!/(&!,%.0'.&!.0!./!*(,./(4!

x

@.&3.7#)!/(&!;)#-i.'&!,./!*(,./(!-(0!#76#!-#/%.0'.4!

x

X).3#)#)!&63.)1%-%.&!,.0'#)%#&4!

x

p&#)!-.*.0'(&!,.!60!&(/(!3#&(4!

x

D0')(,6-%)!/#!-6;.'#!,.!')#0&1.).0-%#!.0!;(-#!9!3).&%(0#)!K!*%06'(&4!

x

H.'%)#)!/#!-6;.'#!#!/(&!?b!*%06'(&4!

x

H.'%)#)!./!.C-.,.0'.!&%0!1)#76#)4!

! !

S^),")'(@0(@0#)0.0,$'@%]( ( x

H.'%)#)!/(&!;)#-i.'&!-(0!60!#/%-#'.&!,.!).*(2.)!;)#-i.'&4!

x

5/%*%0#)! /(&! ).&'(&! ,./! -.*.0'#,(! -(0! $(Q#! ,.! ;%&'6)
x

"%*3%#)!./!,%.0'.!-(0!3(/2(!,.!3%.,)#!38*.J!(!3#&'#!,.!36/%)4!5C%&'.!60#!3+),%,#!,.! &63.)1%-%.!,.0'#)%#!,.!KmM!*%-)#&4!

-Y-4-S565/X-(>9n-(;5=(153(8-=1-3]( ! 5C%&'.0!#3#)#'(&!'#0'(!3#)#!./!*#C%/#)!&63.)%()!-(*(!3#)#!./!%01.)%()4!X6.,.0!&.)!#-'%2(&!(! 3#&%2(&4!"#&!;#0,#&!36.,.0!%)!-.*.0'#,#&!.0!/(&!?j!*(/#).&!3.)*#0.0'.&I!.0!/(&!Kj!*(/#).&! 3.)*#0.0'.&! (! .0! /(! Kj! *(/#).&! '.*3()#/.&4! =.! -(01.--%(0#0! -(0! #/#*;).! ,.! bInm?Ik! **4! ]%.0.0!60!,%&.[(!2#)%#,(4!! ! ! -&)%($&',#F'*'$",%(i-SYj]( ! V(0&'#!,.!,(&!;#0,#&!9!60!#)-(!P6.!-)6J#!/#!;82.,#!3#/#'%0#4! !

-))"%,0#(@0*('&)%($&',#F'*'$",%I( ! x

=.!6'%/%J#!,.!*#0.)#!)6'%0#)%#!.0!,.0'%-%80!*%C'#!Kl!1#&.4!

x

L#0'%.0.!./!.&3#-%(!,.!,.)%2#!E#3#)#'(!3#&%2(A4!

x

=%!3%0J(!./!(*.7#!36.,(!,%&*%06%)!/#!,%*.0&%80!')#0&3#/#'%0#4!

x

=%!#;)(!./!(*.7#!36.,(!3)(,6-%)!.C3#0&%80!3#/#'%0#4!

x

@.&)('#)!*(/#).&4!

x

@%&'#/#)!*(/#).&4!

x

L#0'.0.)!#0-/#Q.4!

x

D0')6&%80!,.!*(/#).&4!

x

]()&%80!

!

9,@")')"%,0#(@0*('&)%($&',#F'*'$",%I( ( x

X#&%2(>! @.0'%-%80!*%C'#!Kl!1#&.>!*#0'.0%*%.0'(!,./!.&3#-%(!,.!,.)%2#4! @.0'%-%80!3.)*#0.0'.>!#0-/#Q.!,.!7)#;(!;#Q(m*.,%(4!

! x

F-'%2(>!

X#)#!,.&))('#)!*(/#).&4! ! !

;%,$&'",@")')"%,0#I( ! x

V6#0,(!&.!0.-.&%'#!3.),.)!#0-/#Q.4!

x

50!/#!*#9()<#!,.!/(&!-#&(&!,.!-/#&.!DDD4!

! ! -&)%(*",B?'*]( ! V(0&'#! ,.! ,(&! ;#0,#&! 9! 60! #)-(! P6.! ).-()).! /(&! ,%.0'.&! 3()! &6! -#)#! /%076#/4! =.! 6'%/%J#! .0! *#C%/#)!%01.)%()4! !

-))"%,0#(@0*('&)%(*",B?'*I( ( x

L#0'.0%*%.0'(!,./!.&3#-%(!,.!,.)%2#4!

x

Y.&'%;6/%J#)!%0-%&%2(&4!

!

;%,$&'",@")')"%,0#I( ( x

H.')6%)!%0-%&%2(&4!

x

_.-.&%,#,!,.!3+),%,#!,.!#0-/#Q.4!

! ! ! -&)%(@0(Y%&$0&]( ! 5&':!-(*36.&'(!3()!,(&!;#0,#&!9!60!#)-(!,.!#/#*;).!P6.!&.!,%2%,.!.0!,(&!&.--%(0.&>! ! x

F)-(!3#/#'%0(4!

x

g)#J(&!/#'.)#/.&!E,.!/(07%'6,!2#)%#;/.!9!36.,.0!&.)!&%*+')%-(&!(!#&%*+')%-(&A4!

!

-))"%,0#(@0*('&)%(@0(Y%&$0&I( ! x

5C3#0,%)!&.-'().&!/#'.)#/.&4!

x

@.&)('#)!*(/#).&4!

x

5C3#0&%80!&%*+')%-#!(!#&%*+')%-#4!

x

X)(')6%)!%0-%&%2(&4!

x

V#*;%#)!%0-/%0#-%80!,.!/(&!*(/#).&4!

x

L#0'.0%*%.0'(!,./!.&3#-%(!,.!,.)%2#!

!

;%,$&'",@")')"%,0#I( !

!

x

H.')6%)!%0-%&%2(&4!

x

X.),.)!#0-/#Q.!9!,%&'#/#)!*(/#).&4!

8"T0*"D]( ( 5&':!-(*36.&'(!3()!,(&!;#0,#&I!60!#)-(!,.!#/#*;).!-(0!,(&!$./%C!.0!/#!3#)'.!#0'.)%()!9!,(&! ;)#J(&!E,.!/(07%'6,!2#)%#;/.!9!36.,.0!&.)!&%*+')%-(&!(!#&%*+')%-(&A4!=.!36.,.!6'%/%J#)!'#0'(!.0! *#C%/#)!&63.)%()!-(*(!%01.)%()4! !

-))"%,0#(@0*(C"T0*"DI( ! x

X)(')6%)!%0-%&%2(&4!

x

F6*.0'#)!/(07%'6,!,.!#)-#,#4!

x

L#0'.0.)!.&3#-%(!,.!,.)%2#4!

x

5C3#0,%)4!50!*#C%/#)!%01.)%()!&8/(!.0,.).J#)!,%.0'.&!2(/-#,(&!#!/%076#/4!

!

;%,$&'",@")')"%,0#I( ! x

H.')6%)!%0-%&%2(&4!

x

X.),.)!#0-/#Q.!9!*.&%#/%J#)!&.-'().&!3(&'.)%().&4!

x

_(!.0,.).J#)!*(/#).&!2(/-#,(&!#!*.&%#/4!

! ! ! K?'@T0*"D]( ! "#!.&')6-'6)#!.&!&%*%/#)!#/!#0'.)%()I!&8/(!&.!,%1.).0-%#!.0!P6.!%0-()3()#!,(&!$./%C!*:&!.0!/#! 3#)'.!3(&'.)%()4! !

-))"%,0#(@0*(O?'@T0*"DI( ! x

5C3#0,%)!*(/#).&4!

x

@.&)('#)!*(/#).&4!

x

5C3#0,%)!&.-'().&!/#'.)#/.&4!

x

X)(')6%)!%0-%&%2(&4!

x

F6*.0'(!,.!/#!/(07%'6,!,.!#)-#,#4!

x

L#0'.0.)!.&3#-%(!,.!,.)%2#!.0!,.0'%-%80!*%C'#4!

!

;%,$&'",@")')"%,0#I( ! x

"#&!*%&*#&!P6.!./!;%$./%C4!

! ! 8%$A,(@0(=',)0]( ! 5&':!1()*#,(!3()!,(&!;#0,#&I!60!#)-(!P6.!#')#2%.&#!/#!;82.,#!3#/#'%0#!9!60!;('80!,.!).&%0#4! 5/! #)-(! 36.,.! .&'#)! &(/,#,(! #! /#! ;#0,#! (! 36.,.! &.)! ,.&*(0'#;/.4! ]#*;%+0! &.! /.! 36.,.0! #[#,%)!,(&!$./%C!.0!3(&'.)%()4! !

-))"%,0#(@0(C%$A,(@0(=',)0I( ! x

L#0'.0%*%.0'(!,./!.&3#-%(!,.!,.)%2#!.0!,.0'%-%80!*%C'#4!

x

L#0'.0%*%.0'(!,.!/#!/(07%'6,!,.!#)-#,#4!

x

=.!/.!3(,)<#!&(/,#)!60#!).Q%//#4!

x

L#0'.0%*%.0'(!,./!#0-/#Q.4!

x

50!-#&(!,.!&.)!,.&*(0'#;/.!'#*;%+0!3(,.*(&>!

x

@.&)('#)!*(/#).&4!

x

5C3#0,%)!*(/#).&4!

! V(0')#%0,%-#-%(0.&>! ! x

X.),.)!#0-/#Q.!(!*.&%#/%J#)!*(/#).&4!

x

@%&'#/#)!*(/#).&4!

x

H.')6%)!%0-%&%2(&4!

x

50!-#&(&!,.!*#/#!$%7%.0.!3()!3#)'.!,./!3#-%.0'.4!

x

_(!36.,.!$#-.)!.C3#0&%(0.&!/#'.)#/.&4!

! ! 6"F(C?.F0&(%(F*')'(*'C"%R')$"G']( ! 5&':! -(*36.&'(! 3()! 60! #)-(! 2.&'<;6/(m/#;%#/I! ,(&! ;#0,#&! 9! 60#! 3/#-#! ,.! #-)! ! x

5&-#/80!.0!:076/(!).-'(4!

x

Z*.7#4!

x

g#9(0.'#!$#-%#!2.&'%;6/#)4!

! 5/!#)-(!,.;.!.&'#)!&.3#)#,(!M!**4!,.!/(&!,%.0'.&4!

-))"%,0#(@0*(6"F(C?.F0&I( ( x

@%&'#/#)!*(/#).&4!

x

50,.).J#)!*(/#).&4!

x

X6.,.!$#;.)!.C3#0&%80!#!0%2./!,.!*(/#).&!.0!&.0'%,(!,.!.0,.).J#)4!

x

Y.&'%;6/%J#)!%0-%&%2(&!#/!)(*3.)!./!.P6%/%;)%(!/#;%(m/.076#4!

x

V(*(!-(0&.-6.0-%#!,.!/(!#0'.)%()!#6*.0'#!/#!/(07%'6,!,.!#)-#,#4!

x

V(0&.)2#!./!.&3#-%(!,.!,.)%2#4!H.16.)J#!./!#0-/#Q.4!

x

V(0!./!'(3.!.0!;#9(0.'#!#06/(!/#!#--%80!,./!;6--%0#,()!9!36.,(!$#-.)!.C3#0&%(0.&! /#'.)#/.&4!

x

H.$#;%/%'#*(&!./!&.//#,(!/#;%#/4!

x

]#*;%+0!36.,(!-(*3)%*%)!*(/#).&!E2(/-#)/(&!#!/%076#/A4!

!

;%,$&'",@")')"%,0#I( ! x

X.),.)!#0-/#Q.!(!*.&%#/%J#)!*(/#).&4!

x

=.!36.,.0!,.&3.7#)!/#&!;#0,#&!-(0!*6-$#!1#-%/%,#,4!

x

50!3#-%.0'.&!3(-(!-(/#;()#,().&4!

x

"#!).&36.&'#!,./!/%3!;6*3.)!.&!*69!%0,%2%,6#/4!

x

=%!./!0%[(!'%.0.!*(),%,#!#;%.)'#4!

! ! 5/!3#-%.0'.!/(!,.;.!6&#)!/#&!KN!$()#&4!@.;.*(&!.0&.[#)/.!#!P6%':)&./(!9!3(0+)&./(!9!'#*;%+0! #!/%*3%#)/(4!=.!36.,.!6&#)!-(*;%0#,(!-(0!(')(&!#3#)#'(&4!

754191-(;4Lb-1-]( ( 7%&@"@'()&?c'@'(',$0&"%&]( ( _()*#/*.0'.! %*3/%-#)! #! 60! &(/(! ,%.0'.4! =6./.0! #3#).-.)! J(0#&! ,.! ')#6*#! 9! ).-.&%(0.&! 7%07%2#/.&4! ! 5'%(/(7<#4! ! x

])#6*#'%&*(&!3).-(-.&4!

x

B#/'#!,.!.&3#-%(4!

x

X.)&%&'.0-%#!,.!/(!'.*3()#/.&4!

! "#!1).-6.0-%#!!,.!/#!*(),%,#!-)6J#,#!#0'.)%()!.&!,.!60!fmdq4! O#;/#).*(&! &8/(! ,.! /#! ,.! -#6&#! ,.0'#)%#! ENmkq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mM!*.&.&!,.!1()*#!3#&%2#!3#)#!/(7)#)!/#!.&'#;%/%J#-%80!,./!')#'#*%.0'(4! ! !

7%&@"@'()&?c'@'(F%#$0&"%&( (

5&! ,%1.).0'.! 3()! ./! 3/#0(! .0! ./! P6.! &.! ,.&#))(//#4! 5&! 60! 3)(;/.*#! ')#0&2.)&#/! 9! .C%&'.0! ,%1.).0'.&!7)#,(&!,.!7)#2.,#,4!=6!.'%(/(7<#!.&! *6/'%1#-'()%#/>! -(*3(0.0'.! 7.0+'%-(I! $:;%'(&! ,./.'+).(&I! .'-4! "#! 1).-6.0-%#! .&! ,.! 60! dm?cq4! @.;.*(&! ')#'#)/#! 3).-(J*.0'.! 3.)(! &%0! -#):-'.)!,.!6)7.0-%#4!O#9!P6.!.&3.)#)!#!P6.!.&'+0!/(&!N!-.0')#/.&!.)63-%(0#,(&!E/.!,%).*(&!#! /(&! 3#,).&A4! _(&(')(&! '(*#).*(&! -(*(! ).1.).0-%#! -6#0,(! /(&! ?j! *(/#).&! .&'+0! .0! ;(-#! -(*3/.'#*.0'.! .)63-%(0#,(&4! "#! &%'6#-%80! %,.#/! ! .&! -6#0,(! 3).*(/#).&! 9! -#0%0(&! 0(! $#0! -(*.0J#,(!#!).#;&();.)!/#&!)#<-.&!,.!/(&!*(/#).&!'.*3()#/.&4! ! "(&!-80,%/(&!.0!60#!*(),%,#!-)6J#,#!.&':0!#&%*+')%-(&I!0(!&%'6#,(&!.0!/#!-#2%,#,!7/.0(%,.#4! ]#*;%+0!&.!36.,.0!3).&.0'#)!$%3.)')(1%#&!*6&-6/#).&!9!.&P6./+'%-#&!E#&%*.')<#&!1#-%#/.&A4!5/! 3#-%.0'.!#,.-6#!/#!3(&%-%80!-(0,%/#)!3#)#!/(7)#)!/(&!*:C%*(&!360'(&!,.!-(0'#-'(!3(&%;/.!.0! (-/6&%804! 5/!*.-#0%&*(&!,.!1()*#-%80!.&!./!&%76%.0'.>! ! x

=.!3)(,6-.!60#!-(0&')%--%80!/.2.4!

x

V(*(!-(0&.-6.0-%#!,.!.&'#!&.!3)(2(-#!60#!%0'.1.).0-%#!,.0'#)%#4!

x

5&'(!-(0//.2#!#!60!,.&2<(!,.!/#!*#0,<;6/#!3()!3#)'.!,./!3#-%.0'.4!

x

=.!3)(,6-.!*(),%,#!-)6J#,#!3(&'.)%()!.0!*:C%*#!%0'.)-6&3%,#-%804!

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
50!./!-#&(!,./!O##&!(;'.0,).*(&!,(&!.1.-'(&!.0!/#!.C3#0&%80!):3%,#>! !

2E0)$%(%&$%@A,)")%I( ! x

V(*3).&%80!,./!/%7#*.0'(!3.)%(,(0'#/4!

x

D0-/%0#-%80!,./!3)(-.&(!#/2.(/#)4!

x

Y.&'%;6/%J#-%80!,.!,%.0'.&!3(&'.)%().&4!

x

F/'.)#-%80!,./!.Q.!/(07%'6,%0#/!E,.!*(/#).&!.!%0-%&%2(&A4!

!

2E0)$%(%&$%F^@")%I( ! x

H63'6)#!,.!/#!&6'6)#!*.,%#!3#/#'%0#4!

x

F/! )(*3.)! /#! &6'6)#! -).#*(&! ,(&! ')%:076/(&>! 60(! ,.! ;#&.! #0'.)%()! P6.! ,%2%,.! #! /(&! %0-%&%2(&!-.0')#/.&!9!(')(!,.!;#&.!%01.)%()!P6.!&.!2.!,.!1).0'.!#/!3#-%.0'.4!

x

=.3#)#-%80!0<'%,#!,./!*#C%/#)4!

x

@%#&'.*#!%0'.)%0-%&%2(4!

! 5/!3.)%(,(!,.!#-'%2#-%80!,./!#3#)#'(!2#)<#!.0').!fm?N!,<#&!E1#&.!#-'%2#A4!X)%*.)(!&.!-(/(-#!./! #3#)#'(I!#!/#&!KN!$()#&!&.!).#/%J#!/#!3)%*.)#!#-'%2#-%80!?tN!,.!26./'#4!"(&!,<#&!&6-.&%2(&!&.! ,.;.!#-'%2#)!KtN!3()!/#!*#[#0#!9!KtN!3()!/#!0(-$.I!.&!,.-%)!?!**4!#/!,<#!#3)(C%*#,#*.0'.4! "6.7(!60#!2.J!(;'.0%,(!./!.1.-'(!()'(3+,%-(!,.&.#,(!,.;.*(&!*#0'.0.)!./!#3#)#'(!.0!;(-#! ,.! 1()*#! 3#&%2#! KmM! *.&.&! E1#&.! ,.! -(0'.0-%80A4! H.-(),#)! P6.! &%.*3).! ,.;.*(&! &(;).-()).7%)4! 50! .&'.! -#&(! /#&! -G&3%,.! 3#/#'%0#&! &63.)%().&! ,.;.0! .&'#)! &(;).! /#&! -G&3%,.&! 2.&'%;6/#).&!%01.)%().&4! ! ! ! ! ! ! ! ! ! ! ! ! !

! ! ! ! ! ! ! !!"#! #*#/7#*#! .&! ./! *#'.)%#/! *:&! #0'%76(I! &.! 6&#! ,.&,.! /(&! ?dbbI! 3.)(! g/#-i! 16.! P6%.0! /#! -(*.)-%#/%J8!.0!./!?nKb4! !!"#!#*#/7#*#!.&!60#!/%7#!*.':/%-#!,.0')(!,.!-69(&!-(*3(0.0'.&!&.!.0-6.0')#!./!*.)-6)%(4! ! 6'(&0*')"A,(F'&'('.'*B'.'( !!! 5/! 3(/2(! ,.;.! -(0'.0.)! 60! *.'#/! P6.! &.! 36.,#! ,%&(/2.)! 1:-%/*.0'.! .0! ./! *.)-6)%(! 9! P6.! 1()*.!-(0!+&'.!1#&.&!&8/%,#&!#!'.*3.)#'6)#!#*;%.0'.!(!'.*3.)#'6)#!;6-#/4! !!p0!*.'#/!P6.!-6*3/.!-(0!.&'.!).P6%&%'(!.&!/#!3/#'#4!!F&"\')"A,('(*'(0#$&?)$?&'(@0,$'&"'(P(0*(#0**'@%(.'&B",'*(

( !!@#,#!/#!./.2#,#!'.0&%80!&63.)1%-%#/!,.!60!/+#")'#( ( !!"#! #*#/7#*#! 3(&..! /#&! 3)(3%.,#,.&! 1<&%-#&! -#)#-'.)<&'%-#&! ,.! /(&! *#'.)%#/.&! *.':/%-(&4! ! 5&! 83'%*#*.0'.!(3#-#!9!.&!;6.0#!-(0,6-'()#!'+)*%-#!9!./+-')%-#4!!5&'(!G/'%*(!36.,.!$#-.)!P6.! &.#!0.-.&#)%(!).-6))%)I!.0!#/760#&!&%'6#-%(0.&I!#!/#!3)('.--%80!,./!8)7#0(!,.0'%0(m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p0#! #*#/7#*#! *#/! -(0,.0&#,#! '.0,):! ,.1%-%.0'.! #,#3'#-%80! 9I! -(*(! ,6)#0'.! /#! -(0,.0&#-%80!&.!).'%)#!*.)-6)%(!,.!/#!*.J-/#I!&.):!*:&!,+;%/!9!#,.*:&!-(0'.0,):!3()(&I!/(! P6.!'#*;%+0!,.;%/%'#):!/#!).&'#6)#-%80!9!/#!$#):!*:&!&6&-.3'%;/.!#!/#!-())(&%804! ! 2E0)$%#(@0(*'()%,$'.",')"A,( (

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x X)(3()-%80!#/.#-%80m!*.)-6)%(! x F*#/7#*#-%80!(!')%'6)#-%80!(!*.C#/#-%80! x V(0,.0&#-%80! x ]#//#,(! x X6/%,(! ! ;%,@0,#')"A,( ( !!!p0#!2.J!P6.!&.!(;'%.0.!/#!*.J-/#!#,.-6#,#!&.!,.;.!%0&.)'#)!.0!/#!-#2%,#,!-()).&3(0,%.0'.4!! =.! &(;)..0'%.0,.! P6.! .&#! -#2%,#,! 9#! 16.! ')#'#,#! -(0! 60! ;#)0%J! (! &%&'.*#! #,$.&%2(! -(02.0%.0'.4! !!=.!-(/(-#!./!*#'.)%#/!.0!60!-(0'.0.,()!,.!#*#/7#*#!9!-(0!#96,#!,.!60!3()'#m#*#/7#*#!&.! //.2#! .0! &6-.&%2#&! 3()-%(0.&! #! /#! -#2%,#,4! ! V#,#! 60#! ,.! .&#&! 3()-%(0.&! &(0! #'#-#,#&! ;#Q(! 3).&%80!')#'#0,(!,.!#,#3'#)!.&'.!*#'.)%#/!,.!#/'#!.0.)7<#!&63.)1%-%#/!#!/#&!3#).,.&!,.0'#)%#&4!!! !!V(0,.0&#)!&%70%1%-#!R$#-.)!,.0&(UI!.&!,.-%)!P6.!-(0!/#&!*#0%(;)#&!,.!-(0,.0&#-%80!,.!/#! #*#/7#*#! 0(! &8/(! &.! #,#3'#! #! /#&! 3#).,.&! -#2%'#)%#&! &%0(! P6.! &.! -(*3#-'#I! .2%'#0,(! /#! 3()(&%,#,!.0!&6!.&')6-'6)#4! ! S'**'@%( ! !!p0#! 2.J! -(/(-#,#! 9! -(0,.0&#,#! /#! #*#/7#*#! .0! /#! -#2%,#,I! &.! '#//#! /#! ).&'#6)#-%80! 3#)#! ).3)(,6-%)!/#!-()).&3(0,%.0'.!1()*#!#0#'8*%-#4!!@.;.!'.0.)&.!.0!-6.0'#!P6.!&%!./!'#//#,(!.&! *69!3)(160,(!,%&*%069.!./!2(/6*.0!,.!/#!#*#/7#*#I!.&3.-%#/*.0'.!!.0!/#&!J(0#&!*#)7%0#/.&! ! ! ! ! ! ! ! ! ! ! ! ! ! !

! ! ! ! ! ! ! ! ! ! !!!!!!!!!!!!!5aX"ZHFVDÇ_!@5!"F!5_B5HL5@F@!X5HDZ@Z_]F"4!

! 5C3/()#-%80!,.!/#!.0-<#>! ! - V(/()>!)(Q%J(I!#*()#'#,(I!)#!.&3(0':0.#*.0'.4! - ](0(>!!5,.*#'(&(4! - =63.)1%-%.>!"%&(!;)%//#0'.4! VZ_!"F!XH5=5_VDF!@5!F"hp_Z=!@5!5=]Z=!=Dh_Z=! hD_hDYD]D=4! - F0-$6)#>!E!m!K!**4A! - F0#'(*<#>!X#3%/#&!#/'.)#,#&I!#6*.0'#,#&!,.!'#*#[(!(!,.&')6%,#&4! ! ! 5C3/()#-%80!H#,%(7):1%-#>!!! ! - @.'.--%80!,.!16)-#-%(0.&4! - X+),%,#!,.!-(0&%&'.0-%#!$(*(7+0.#4! - @.'.--%80!,.!-:/-6/(&4! - X+),%,#!-).&'#!#/2.(/#)>!3+),%,#!8&.#!2.)'%-#/!6!$()%J(0'#/4! ! ! !!!!!!?4m!!!50-<#!%01/#*#,#I!.,.*#'(&#!9!;)%//#0'.4! !!!!!!K4m!!!50-<#!%01/#,#I!#;6/'#,#I!;)%//#0'.!-(0!60#!#-6*6/#-%80!,.!3/#-#!,.0'#/!9! -:/-6/(&! !!!!!!M4m!!!H.')#--%80!7%07%2#/!-(0!3+),%,#!,.!.0-<#!%0&.)'#,#4! ! ! XF]Z"Zh^F!o!LDVHZgDZ"ZhDF!@5!"F!5_B5HL5@F@!X5HDZ@Z_]F"4! ! - X#'(/(7<#4! - F-6*6/#-%80!,.!3/#-#!,.0'#/4! - h%07%2%'%&!%0%-%#/!4! - h%07%2%'%&!3).-(J4! - h%07%2%'%&!.&'#;/.-%,#4!

! 5&'(&!&<0'(*#&!,.)%2#0!,.!60#!7%07%2%'%&!.&'#;/.-%,#!-)80%-#4! =%!#6*.0'#!/#!#7).&%2%,#,!;#-'.)%#0#!9!,%&*%069.0!/#&!,.1.0&#&!,./!$6+&3.,!,.)%2#!.0! 60#!3.)%(,(0'%'%&4! ! 5=]DLp"FVDÇ_!@5"!=D=]5LF!D_Lp_D]FHDZ4! ! - BFhZVD]Z=4! _.6')(-%'(&I!3(/%1*()1(06-/.#).&! L(0(-%'(&! ! D_Lp_D@F@!V5"p"FH! ! - "%01(-%'(&!]>!"%01('(C%0#&!9!"%01(P6%0%0#&! ! ! D_Lp_D@F@!!OpLZHF"4! ! - "%01(-%'(&!!g! - V+/6/#&!!X/#&*:'%-#&4! - D0*60(7/(;6/%0#&!EF0'%-6.)3(&!A4! - F-'%2#-%80!,./!-(*3/.*.0'(4! ! ! ]Z@Z!5""Z!XHZYZVF!@5!"F!@5=]HpVVDÇ_!@5"!VZ"xh5_Z!o!!@5"!! Op5=Z!!o!@5HDYF!5_!p_F!X5HDZ@Z_]D]D=4! ! LDVHZgDZ"ZhDF!@5!"F=!5_B5HL5@F@5=!X5HDZ@Z_]F"5=4! ! B/()#!g#-'.)%#0#!F&(-%#,#!#>!! ! - X.)%(,(0'%'%&!,./!#,6/'(4! F-'%0(;#-%//6&m!F-'%0(*9-.'.*-(*%'#0&4! X()3$9)(*(0#&!h%07%2#//%&4! g#-'.)(%,.&!B()&%'$6&4! X).2('.//#!%0'.)*.,%6&! 5i.0.//#!-()).,.0&4! ! ! - X.)%(,(0'%'%&!X).36;.)#/4! F-'%0(;#-%//6&4! F-'%0(*9-.'.*-(*%'#0&4! V#30(-9'$(3#7#4!

-

-

! ! X.)%(,(0'%'%&!|62.0%/4! F-'%0(;#-%//6&m!F-'%0(*9-.'.*-(*%'#0&4! X()3$9)(*(0#&!7%07%2#//%&4! X).2('.//#!D0'.)*.,%6&4! ! ! X.)%(,(0'%'%&!H:3%,#!X)(7).&%2#4! F-'%0(;#-%//6&mF-'%0(*9-.'.*-(*%'#0&4! g#-'.)(%,.&!B()&$%'6&4! 5i.0.//#!-())(,.0&4! !

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o!XHZhH5=DÇ_! @5!"F!5_B5HL5@F@!X5HDZ@Z_]F"4! ! - X)(160,%,#,!,./!&(0,#Q.! p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

-

-

-

-

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gF=DVZ4! ! ! B#&.!,.&%01/#*#'()%#4! H#&3#,(I!F/%&#,(!H#,%-6/#)I!V6).'#Q.!9!X6/%,([email protected]'#)%(4!

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k!&.*#0#&!.0!7.0.)#/4! ! !

H5=p"]F@Z!4! ! !!!!!!V(02.)&%80!,.!/#!.0-<#!.,.*#'(&#I!)(Q%J#!.0!.0-<#!1%;)(&#!9!&(0)(&#,#4! !!!!!!B()*#-%80!,./!.3%'./%(!/#)7(!,.!%0&.)-%80!#,$.)%,(!#!/#!&63.)1%-%.!)#,%-6/#)4! ! ! !!!!!!!!!!!!!Y5_]F|F=4! ! ! - ])#'#*%.0'(!).2.)&%;/.!9!).3.'%;/.4! - X(-(!-)6.0'(4! - g%.0!#-.3'#,(!3()!./!3#-%.0'.4! - L6-$(&!-#&(&!0(!3).-%&#!#0.&'.&%#4! - X(-(&!-6%,#,(&!3(&'m'.)#3+6'%-(&4! ! ! D_VZ_Y5_D5_]5=4! ! ! - ]+-0%-#*.0'.!,%1<-%/4! - @.3.0,%.0'.!,.!/#!).&36.&'#!,./!3#-%.0'.4! - H.&36.&'#!60!'#0'(!/.0'#4! ! ! "DLD]FVDZ_5=4! ! ! - g(/&#&!*#&!3)(160,#&!,.!k**4!=(;).!'(,(!.0!16)-#-%(0.&!,.!*(/#).&4! - ].Q%,(!7%07%2#/!1%;)(&(!$%3.)')(1%#,(4! ! ! 5/!)#&3#,(!9!#/%&#,(!)#,%-6/#)!&(0!')#'#*%.0'(&!%0,%).-'(&!,.!/#!.0-<#!P6.! 3).-%&#!,.!M!#!k!&.*#0#&!3#)#!2(/2.)!#!&6!.&'#,(!,.!&#/6,!7%07%2#/4! ! ! @5BD_DVDZ_5=!4! ! !!!!!!m!!!!!H#&3#,(4m!5/%*%0#-%80!,.!3/#-#!,.0'#/!9!-:/-6/(&!#,$.)%,(&!#!/#!3#).,! )#,%-6/#)!! !!!!!!!!!!!!!!!!!!!!!!!!&63)#!9!&6;7%07%2#/4! ! - F/%&#,(!)#,%-6/#)4m!5/%*%0#-%80!,./!-.*.0'(!,.!/#!3#).,!)#,%-6/#)!P6.!$#!&%,(! .C36.&'(!#!60#!;(/&#!3.)%(,(0'#/4!

! -

V6).'#Q.4m!5/%*%0#-%80!,./!.3%'./%(!6/-.)#,(!,.!/#!3#).,!%0'.)0#!,.!/#!;(/!

-

X6/%,(4m!!5/%*%0#-%80!,.!/#!3./<-6/#!#,$.)%,#!#!/#!&63.)1%-%.!,.0'#)%#4!

! ! -

D0&')6*.0'#/4m!X#)#!./!)#&3#Q.!9!#/%&#,(!)#,%-6/#)>!6/')#&(0%,(&I!V#2%')80!9! -6).'#&! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!E!-(/6*;%#!(!7)#-.9â&!A4! ! - X#)#!./!36/%,(!>!]#&#!,.!7(*#!-(0!*%-)(*('()I!'%)#&!,.!36/%)!9!-$())(!,.!#76#! 9!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!g%-#);(0#'(4! ! - X#)#!./!-6).'#Q.>!-6).'#&!E!-(/6*;%#!(!7)#-.9â&!A4! ! ! p=Z!@5!"F=!VpH5]F=!hHFV5oâ=!!XFHF!Wp5!=5F_!5BDVFV5=4! ! ! - F1%/#,(!-()).-'(!E!3%.,)#!,.!#)i#0&#&!(!3%.,)#!,.!%0,%(!A4! - F076/#-%80!-()).-'#!E!./!;(),.!-()'#0'.!&8/(!'%.0.!60#!#076/#-%80!,.!')#;#Q(! .1%-#JI!Mbe!).&3.-'(!#/!.Q.!,.0'#)%(!#C%#/4A! - F3(9(!-()).-'(!,.!/(&!,.,(&4! ! ! VpH5]F=!LF=!p=F@F=4! ! - ktc!9!ftd!3#)#!,%.0'.&!#0'.)%().&I!2.&'%;6/#)!9!3#/#'#/!,%.0'.&!#0'.)%().&4! - ?Mt?N!!X#)#!,%&'#/!,.!*(/#).&4! - ??t?K!!X#)#!*.&%#/!,.!*(/#).&4! ! ! LZYDLD5_]Z=4! ! - =.!'(*#!/#!-6).'#!-(*(!60!/:3%J4! - =.!6�!-(*(!#3(9(&!./!,.,(!*.[%P6.!9!#06/#)!E#3(9(!%0')#()#/!A!(!'(,(!./! ,()&(!,.!/#!*#0(!E!#3(9(!.C')#()#/!A4! - "(&!*(2%*%.0'(&!,./!)#&3#,(!,.;.0!&.)!-()'(&!9!36.,.0!&.)!2.)'%-#/.&!9!.0! ,%#7(0#/4! - "(&!*(2%*%.0'(&!,./!#/%&#,(!&(0!*#&!/#)7(&I!.0!#*;(&!-#&(&!,.;.*(&! 3.)-%;%)!#/!'.)*%0#)!60#!&63.)1%-%.!/%&#!9!,6)#4! ! "(&!*(2%*%.0'(&!36.,.0!&.)!).#/%J#,(&!-(0!/#!*6[.-#!9!-(0!/(&!,.,(&4!

-

! 50!/#!'+-0%-#!,.!-6).'#Q.!./!;(),.!-()'#0'.!&.!#3/%-#!-(0')#!/#!3#).,!%0'.)0#!,.! /#!;(/&#!9!&.!,.&3).0,.!60!'.Q%,(!;/#0,(!9!7)#06/(*#'(&(I!-69#!./%*%0#-%80! 1#2().-.!/#!#,$.).0-%#!.3%'./%#/4! X#)#!/#!).#/%J#-%80!,.!)#&3#,(!9!#/%&#,(!,.;.0!6'%/%J#)&.!76#0'.&I!*#&-#)%//#!9! 7#1#&!,.!3)('.--%804!

! !!!! !!!!!!!!]HF]FLD5_]Z!!X5HDZ@Z_]F"!!FYF_yF@Z4! ! VDHph^F!!F!VZ"hF|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t!./%*%0#-%80!,.!/#&!;(/&#&4! ! D_@DVFVDZ_5=4! ! - g(/&#&!*:&!3)(160,#&!,.!k**4P6.!)#0!#/!&(0,#Q.!,.&36+&!,.!1%0#/%J#,#!/#! 1#&.!,.&%01/#*#'()%#4! - X).&.0-%#!,.!16)-#-%(0.&!'%3(!DD!(!'%3(!DDD!#!0%2./!&6;7%07%2#/4! - @.&-6;)%*%.0'(!9!#/#)7#*%.0'(!,.!-()(0#&!,.0'#)%#&!,.!%0&61%-%.0'.!'#*#[(! -/<0%-(!3#)#!&.)!).&'#6)#,#&!(!-(0&')6%)!60!3%/#)!,.!36.0'.4! - F/'.)#-%80!,./!*#)7.0!7%07%2#/4! - X).&.0-%#!,.!$%3.)')(1%#&!7%07%2#/.&4!

! ! "(&!1#-'().&!,.'.)*%0#0'.&!,.!/#!).#/%J#-%80!,.!60#!-%)67<#!3.)%(,(0'#/!#!-(/7#Q(!.0! 60!3#-%.0'.!,%#70(&'%-#,(!,.!3.)%(,(0'%'%&!&(0!/#!3)(160,%,#,!,.!/#&!;(/&#&!Ek**!A!9! /#!#1.-'#-%80!,.!/#&!16)-#-%(0.&!,.!*(/#).&4!_(!&(0!1#-'().&!,.'.)*%0#0'.&!/#! &.2.)%,#,!,.!/#!3+),%,#!8&.#I!36.&!&%!2%.0.!#-(*3#[#,#!,.!).')#--%80!7%07%2#/I!0(! 3).-%&#!-%)67<#!3.)%(,(0'#/!#!-(/7#Q(4! !

! !!!!!!!!!!!FX"DVFVDZ_5=!@5!"Z=!@D=]D_]Z=!]DXZ=!@5!VDHph^F!! X5HDZ@Z_]F"!F!VZ"hF|Z4! ! - V6).'#Q.!#;%.)'(!E!!-(/7#Q(!*(,%1%-#,(!,.!z%,*#04!A!;(/&#&!,.!k!#!f!**4! - V(/7#Q(!,.!).3(&%-%80!#3%-#/I!;(/&#&!,.!k!#!f!**I!;(/&#&!,.!*#&!,.!f!**4! - V(/7#Q(!,.!).3(&%-%80!#3%-#/!9!).-(0'()0.(!8&.(I!;(/&#&!,.!k!#!f!**!9! ,.1.-'(&!8&.(&!*(,.)#,(&4! - V(/7#Q(!*#&!%0Q.)'(!8&.(I!,.1.-'(!8&.(!#%&/#,(I!*(,.)#,(!(!&.2.)(!!! ! ! WpD=]5!!X5HDZ@Z_]F"4! ! "#!#3#)%.0-%#!)#,%(7):1%-#!!,.!60!P6%&'.!3.)%(,(0'#/!.&!60#!J(0#!)#,%(/6-%,#! -6#/!;%.0!,.1%0%,#!.0!/#&!&63.)1%-%.&!/#'.)#/.&!,.!/#!)#<J4!]%.0.!3).,%/.--%80!3()! /#!).7%80!-#0%0#m3).*(/#)!%01.)%()I!3.)(!36.,.!3).&.0'#)&.!.0!-6#/P6%.)!(')#! ).7%80!4!! ! =%!/#!3.)%(,(0'%'%&!&.!.C'%.0,.!,.!*#0.)#!#3%-#/!#/!P6%&'.!3.)%(,(0'#/! 3)..C%&'.0'.I!./!P6%&'.!&.!%01.-'#)#!9!0(!&.!3(,)#!,%&'%076%)!,.!*#0.)#!-/<0%-#!,.! 60!#;&-.&(!3.)%(,(0'#/!/#'.)#/4!"(&!P6%&'.&!%,.0'%1%-#;/.&!.0!/#!-/<0%-#!&(0!*#&! 1).-6.0'.&!.0!./!*#C%/#)!%01.)%()4! ! Fg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m!!5/!,(/()!.&'#!/(-#/%J#,(4! K4m!!5/!,(/()!&6./.!&.)!&(),(I!60%1()*.!9!-(0'%06(4! M4m!!5/!,(/()!0(!&.!*(,%1%-#!-(0!./!-#*;%(!,.!'.*3.)#'6)#4! N4m!!5/!,%.0'.!36.,.!$#;.)&.!./.2#,(!.0!&6!#/2.(/(!9!3#).-.)!*:&!/#)7(4! k4m!!5/!,%.0'.!0(!&6./.!&.)!,(/()(&(!#!/#!3.)-6&%80!#!0(!&.)!P6.!&.!$#//.0!*69! #1.-'#,(&!/#!%0'.)16)-#!(!/#!).7%80!!#3%-#/4! c4m!!5/!,%.0'.!#1.-'#,(!).&3(0,.!0()*#/*.0'.!#!/#&!3)6.;#&!,.!2%'#/%,#,4! f4m!!X6.,.!.&'#)!,.0')(!,.!/#!.2(/6-%80!/.0'#4! !

! ! !!!!!!!!V"F=DBDVFVDÇ_!@5!@5B5V]Z=!Ç=5Z=4! ! F0()*#/%,#,!.0!./!$6.&(!-#6&#,(!3()!60!3)(;/.*#!3.)%(,(0'#/I!3)(;/.*#&!,.! *#/(-/6&%80I!(&'.(3()(&%&!9!!,.&-#/&%1%-#-%804! ! "(-#/4m!X()!')#6*#!,.!(-/6&%80I!#')(1%#&I!#6&.0-%#!,.!3)8'.&%&I!3)8'.&%&!*#/! -(/(-#,#&I!.0!/#!J(0#!%01.)%()!!&.!,#!*#&!.&'.!-#&(!3()!/#!16.)J#!,.!7)#2.,#,4! ! "(&!,.1.-'(&!8&.(&!!%0'.),.0'#)%(&!&.!,%2%,.0!.0!').&!9!&.!-/#&%1%-#0!-(0!;#&.!.0! 0G*.)(!,.!3#).,.&I!3)(160,%,#,!9!#0-$6)#4!V(0&'%'69.0!./!Mk4Kq!,.!'(,(&!/(&! ,.1.-'(&!9!./!cK!q!.0!,.1.-'(&!*#0,%;6/#).&I!.0!./!dk!q!/#&!-).&'#&! 2.&'%;6/#).&!9!/%076#/.&!&(0!%,+0'%-#&4! ! @.!K!#!M!3#).,.&4m!5&!60!,.1.-'(!2.)'%-#/I!'#*;%+0!,.0(*%0#,(!%0')#8&.(4! V(0!*#9()!1).-6.0-%#!!.0!-#)#&!*.,%#/.&!,./!&.760,(!*(/#)I!'.)-.)(&!*(/#).&!! &63.)%().&!.!%01.)%().&4! V(*;%0#,(4m!!5&!-6#0,(!#1.-'#!*#&!,.!').&!3#).,.&4! ! @.!60#!&(/#!3#).,4m!]#*;%+0!,.0(*%0#,(!$.*%&.3'6*`!.&!-6#0,(!.0!/#! 3()-%80!#3%-#/!./!0G*.)(!,.!3#).,.&!36.,.!&.)!!*#9()!P6.!./!,.!/#!3()-%80! (-/6&#/4! X6.,.0!&.)>! x =63.)1%-%#/.&!9!#07(&'(&4! x =63.)1%-%#/.&!9!#0-$(&4! x F07(&'(&!9!3)(160,(&4! x F0-$(&4! x =.!3).&.0'#!.0!,%1.).0'.&!7)#,(&4! x V6#0,(!/#!/.&%80!.&'.!#2#0J#,#!!2#*(&!#!).*(,./#)!./!$6.&(4!

! ! !!!!!!!!!!!!!FHWpD]5V]pHF!!D_Y5H]D@F4! ! D02.)'%,#4m!!V6#0,(!/#!).&()-%80!8&.#!&.!,#!*#&!.0!J(0#!%0'.),.0'#)%#!-(*(!2.&'%;6/#)! 9!/%076#/4!5&'.!&.!-(*3/%-#!!-6#0,(!#3#).-.0!;(),.&!7)6.&(&!9!./!')#'#*%.0'(!.&!-).#)!! 60#!1()*#!1.&'(0.#,#I!;%&./#,(!3/#0(!9!.0!1()*#!).-'#4! ! ! !!!!!!!!!!!!!5C(&'(&%&4m!X)(/%1.)#-%(0.&!,.!$6.&(I!36.,.!&.)!$.).,%'#)%(I!/(!.0-(0')#*(&! .0!/#!J(0#!,./!3#/#,#)!!(!.0!J(0#&!/#'.)#/.&!,.!/#!*#0,<;6/#I!3(,.*(&!&.0'%)!.&'(&! #7)#0,#*%.0'(&!&(/(!3#/3#0,(!9!'#*;%+0!0(&!,#*(&!-6.0'#!-6#0,(!&.!-(/(-#!60#! 3)8'.&%&4!

X#)#!./%*%0#)!.&'#!.C(&'(&%&I!3)%*.)(!2#*(&!#!$#-.)!60!-(/7#Q(I!,.&36+&!2#*(&! ,.&7#&'#)!./!$6.&(!-(0!762%#&!I!&.!3(0.!./!-(/7#Q(!9!/%&'(4!5/!$6.&(!&.!).;#Q#!-(0!1).&#! ,.!-#);6)(!9!/#2#*(&!-(0!#76#!!;%,.&'%/#,#4! L#'.)%#/!,.!#6C%/%(4m!=(0,#!-6)2#!,.!0#&;.)I!&(0,#!3.)%(,(0'#/!9!)#,%(7)#1<#&4! ! ! ! !!!!!!!!!!!!h)#,(!D!4m!X+),%,#!,.!$6.&(!#*.0(-.*.0'#)%#I!;(/&#&!&63)#(&.#&I!-6).'#Q.!9! )#&3#,(!,.!/#!;(/!"#!/.&%80!.&!*<0%*#4! ! !!!!!!!!!!!!!h)#,(!DD4m!!,.&')6--%80!,.!'.Q%,(!8&.(I!#;#)-#!,(&!(!').&!-#)#&4! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!H#,%(7):1%-#*.0'.I!&.!(;&.)2#!60#!J(0#!)#,%(/6-%,#!.0!16)-#4! ])#'#*%.0'(4m!g#Q(!#0.&'.&%#I!-(0!60#!&(0,#!&.!#;(),#!,(0,.!.&'#!/#!/.&%80!9!&.!$#-.! 60!-(/7#Q(4! ! !!!!!!!!!!!!!h)#,(!DDD!9!!DY4m!@.&')6--%80!#2#0J#,#!P6.!&.!2#!$#-%#!#3%-#/I!0(!&.! (;&.)2#0!/(&!-(0,6-'(&!.0!/#!HCI!.0!7)#,(!DDD!-/<0%-#*.0'.!0(!&.!(;&.)2#!9!.0!7)#,(! DY!&%!&.!(;&.)2#4! !!!!!!!!!!!!!!])#'#*%.0'(!7)#,(!DDD!9!DY4m!V(/(-#)!.0-<#!#!0%2./!,.!$6.&(I!)#&3#)I!#/%&#)!9! 6'%/%J#)!60!,.3(&%'(!3#)#!,.1.-'(!8&.(4! ! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!B\Hp"F=4! ! !!!!!!!!!!!!!!5&!60!#3#)#'(!P6.!0(&!&%)2.!!3#)#!.&'#;%/%J#)!(!%0*(2%/%J#)!/(&!,%.0'.&4! !!!!!!!!!!!!!!D0,%-#-%(0.&4! x V6#0,(!$#9!!*(2%/%,#,!7)#,(!,(&!(!*:&4! x @.&36+&!,.!')#'#*%.0'(!()'(,80'%-(4! x 52%'#)!/#!&63)#.)63-%80!9!*%7)#-%80!!3#'(/87%-#4! x B#-%/%'#)!./!]C!,6)#0'.!!./!)#&3#,(!9!-6).'.#,(!9!/#!-%)67<#!3.)%(,(0'#/4! x 5&'#;%/%J#)!/(&!,%.0'.&!,.!*(,(!P6.!/#&!16.)J#&!(-/6&#/.&!&.!,%&')%;69#0! &(;).!60!-(0Q60'(!,.!,%.0'.&!*#&!P6.!&(;).!,%.0'.&!#%&/#,(&4! ! ! _()*#&!3#)#!&6!-(/(-#-%804! x 5C')#.)!'(,(&!/(&!,%.0'.&!.0!3(&%;%/%,#,!,.!1.)6/%J#-%80I!$#9!(')(&!,%.0'.&! P6.!'%.0.0!3(&%;%/%,#,!,.!-#.)I!&.!,.Q#0!.0!')#'#*%.0'(!').&!*.&.&!9!&%! ).&6/'#!&.!P6.,#0!&%!0(!&.!.C')#.04! x =.!-(/(-#!.0!60%80!,.!'.)-%(!*.,%(!-(0!./!'.)-%(!-.)2%-#/4! x "#&!16.)J#&!(-/6&#/.&!&(0!*.&%(,%&'#/.&I!,%&'(2.&'%;6/#).&4!E!-(*(!60! #0-/#Q.A4! !

! !!!!!!!!!!!!!!@.&2.0'#Q#&4! x L+'(,(!).&'#6)#,()!#),6(4! x "%*3%.J#`!&.!.*3#-#!./!#/%*.0'(!4!E!')(0.)#&!A!! x 5-(08*%-(4! x ]#//#,(!,./!,%.0'.4! x =.!36.,.0!3)(2(-#)!!#7)#0,#*%.0'(&!7%07%2#/.&4! ! !!!!!!!!!!!!!!!Y.0'#Q#&4! x "#&!1+)6/#&!).'%.0.0!*#&!#!/(&!,%.0'.&4! x H./#-%80!*#C%/(*#0,%;6/#)!1#2()#;/.4! x 5&'#;%/%J#-%804! V"F=DBDVFVDÇ_4m!X.)*#0.0'.&I!'.*3()#/.&!9!&.*%3.)*#0.0'.&4! ! B+)6/#&!'.*3()#/.&4m!F96,#0!#!/#!-6)#-%80!*.,%#0'.!/#!1%Q#-%80!!,.!,%.0'.&! *(2%/.&!.0!./!]CI!&%!.C%&'.!')#6*#!&.2.)(!-(*(!.'%(/(7<#!!3)%0-%3#/!&.!,.2.)#! 1+)6/%J#)!-(*(!1#&.!%0%-%#/!,.!]C!9!&%!0(!.&!#&
!!!!!!!!!!!!!!!D_=]HpL5_]F"!XFHF!HF=XF@Z!o!F"D=F@Z!HF@DVp"FH4! ! !!!!!!!!!!!F!0%2./!&63)#7%07%2#/4m!!O(J.&I!-%0-./.&!9!-6).'#&4! !!!!!!!!!!!F!0%2./!%01)#7%07%2#/4m!!V6).'#I!/%*#I!-%0-./I!#J#3#I!$(J.&!?k!9!?MbI!3#)#! .&3#-%(&!%0'.)3)(C%*#/.&4! !!!!!!!!!!!|#P6.''4m!É!?IKIMI4! !!!!!!!!!!!V6).'#&4m!X#)#!-(/7#Q(&!9!'.Q%,(&4! !!!!!!!!!!!V%0-./4m!!!L(2%*%.0'(!,.!%*36/&%80!3#)#!.*36Q#)!&#))(4! !!!!!!!!!!!H#&3#,().&4m!=.!6�!.0!)#<JI!].Q%,(&!).;/#0,.-%,(&I!Q#P6.''I!-6).'#I!$(JI!/%*#I! -%0-./I!)#&3#,().&!,.!*()&.4! !!!!!!!!!!!=.//#,()4m!V(/(-#)!1/()6)(!,.!.&'#[(!3#)#!&.))#)!'6;6/(&!,.0'%0#)%(&!9!P6%'#)! &.0&%;%/%,#,!4! ! !!!!!!!!!!!V6).'#&4! ! x p0%2.)&#/.&4m!#--.&(!#!-#&%!'(,#!/#!;(-#!nbe!I!'%.0.0!,(&!.C').*(&! -()'#0'.&4! x h)#-.4m!!5&!3#)#!-%.)'#!#).#!,.!/#!;(-#!9!'%.0.0!60!/#,(!-()'#0'.4! m!!!@.!?!#!N4m!!!F0'.)%().&4! m!!!@.!k!#!c4m!!!X).*(/#).&!9!#0'.)%().&4! - ,.!f!#!?b4m!!X(&'.)%().&!3()!-#)#!2.&'%;6/#)4! - n!9!?b!4m!!!!!X#)#!-#)#!/%076#/4! - ??!9!?K!4m!!!X#)#!-#)#!*.&%#/4.0!3(&'.)%().&4! - ?M!9!?N4m!!!!X#)#!-#)#!,%&'#/4! ! FJ#,#&4!F/%&#)I!#3/#0#I!(!P6%'#)!-:/-6/(4! y%0-./4!!p&#,(!3#)#!&63.)1%-%.&!%0'.)3)(C%*#/.&4! V6).'#&!,.!L-!-#//ä&!4m!X#)#!#/%&#)!9!#3/#0#)!)#%-.&I!É!,.!M!#!d!4! g%&'6)<4m!_(4!?b!I??I!?kI!-(0!*#07(I!,.&.-$#;/.&!3#)#!$#-.)!-()'.&4! ]%Q.)#&4m!X60'#!).,(0,#!(!#76,#&4!H.-()'.!,.!*#)7.0.&!,.!60#!$.)%,#4@.;.0! ,.!3(&..)!1%/(I!3#)#!-()'#)!&6'6)#&4! ! g%&'6)<&!3.)%(,(0'#/.&4m!W6%)i/#0,4! x V()'.!#!Nk!e!3#)#!P6.!&.!$#7#!./!-()'.!#!.&.!#076/(4! ! B).&#&!P6%)G)7%-#&4m!X#)#!).'%)#)!$6.&(!(!&.--%(0#)!,%.0'.&!3)0-%3#/.&>!&(0! /#)7#&!,.!1%&6)#!.&')%#,#!fbM!,.!1%&6)#!).,(0,#!_(4!@.!c!#!d4! ! ".7)#&!9!-6).'#!/6-#&4m!X#)#!P6%'#)!'.Q%,(!,.!7)#06/#-%80I!-6#0,(!/#!).!&.! 2.#!*#&!-/#)#!9!0(!$#9#!'.Q%,(!,.!7)#06/#-%80!I!,.&36+&!&.!P6%'#!/#!$.*())#7%#! -(0!$.*(&'#&%#4! !

X%0J#&!$.*(&':'%-#&!(!,.!*(&-(4m!V6#0,(!-()'#*(&!60!2#&(!9!&#/.!*6-$#! ).!&.!3(0.0!/#&!3%0J#&!9!-).#&!$.*(&'#&%#4!V(0!3%0J#&!.&')%#,#&!,.!/#!360'#! &.!36.,.!'(*#)!*.Q()!./!'.Q%,(4! ! ! !!!!!!!!!!!!D_]5HXH5]FVDÇ_!@5!"Z=!F_"D=D=!V"^_DVZ=4! ! V%1)#&!0()*#/.&4! ! x 5)%')(-%'(&4!@.!N!#c!**4! x ".6-(-%'(&4!_()*#/!,.!c!#!nbbb!3()!**M4! x _.6')(1%/(&4!@.!kb!#!fb!q!.0!%01.--%(0.&!#76,#&I!%0'(C%-#-%(0.&!9! .02.0#*%.0'(4! x 5(&%0(1%/(&4!@.!?!#!M!q!#6*.0'#!.0!')#0&'()0(&!#/+)7%-(&4! x g#&(1%/(&4!@.!b!#!?!q!#6*.0'#!.0!%01.--%(0.&!-(*(!2%)6./#4! x "%01(-%'(&4!@.!Kb!#!Nb!q!#6*.0'#!.0!%01.--%(0.&!#76,#&4! x L(0(-%'(&!4!@.!K!#!d!q!#6*.0'#!.0!%01.--%(0.&!;#-'.)%#0#&4! x O.*(7/(;%0#4!_()*#/!,.!?K4k!#!?f!7)&!3()!?bb--4! x O.*#'(-)%'(4!O(*;).!,.!Nb!#!kN!q!I!*6Q.).&!,.!Mf!#!Nf!q4! x O.*(7/(;%0#!7/(;6/#)!*.,%#45&!./!3.&(!,.!$.*(7/(;%0#!.0!./!$.)%')(-%'(! *.,%(!0()*#/!,.!Kf!#!MK!!*%-)(7)#*(&4! x Y(/6*.0!7/(;6/#)!*.,%(4!5&!./!2(/6*.0!,./!$.)%')(-%'(!*.,%(4! x ]%.*3(!,.!-(#76/#-%80!4!@.!k!#!?b!*%06'(&!,%&*%06%,(!3()!*.,%-#-%804! x ]%.*3(!,.!)#,(4!?!#!k!*%06'(&!.0!36)36)#I!/.6-.*%#I!#0.*%#4! x X)6.;#!,.!1)#7%/%,#,!-#3%/#)4!?b!#!Kb!3.'.7%#&!.0!60!:).#!,.!k!-*4!@.! ,%:*.')(4! x ]%.*3(!,.!3)(')(0;%0#4!@.!??!#!?k!&.760,(&4! x X/#P6.'#&4!@.!Kkb!*%/!#!Nbb!*%/!#6*.0'#!./!36)36)#4!])(*;(-%'(3.0%#I! /.6-.*%#&I!#0.*%#&I!#6*.0'#!.0!3(/%&%'.*#!I!$.*())#7%#I!#0.*%#4! x FJ6-#)!.0!).4!_()*#/!,.!db!#!?Kb!*7&!3()!?bb!--4!F6*.0'#!.0! ,%#;.'.&4!

! !!!!! !!!!!!!!!!!!!!!!!!hD_hDY5V]ZLDF4! ! !!!!!!!!!!!!!=.!36.,.!,.1%0%)!-(*(!/#!.&-%&%80!,.!/#!3#).,!,.!/#!;(/!=6!-#/%,#,!.&!/#! ./%*%0#-%80!,.!;(/&#&4! !!!!!!!!!!!!!D0,%-#-%(0.&4! !!!!!!!!!!!!!X).&.0-%#!,.!;(/&#&!&63)##/2.(/#).&!3)(160,#&4!! !!!!!!!!!!!!!X).&.0-%#!,.!;(/&#&!1#/&#&4! ! !!!!!!!!!!!!!5/%*%0#-%80!,.!#7)#0,#*%.0'(&!1%;)(&(&!(!.,.*#'(&(&!,.!/#!.0-<#4!

!!!!!!!!!!!!! !! !!!!!!!!!!!!!V(0')#%0,%-#-%(0.&! ! x 50!3).&.0-%#!,.!).;(),.&!#/2.(/#).&!2.&'%;6/#).&!9!()#/.&!7)6.&(&I!-)#'.).&! %0'.),.0'#)%(&I!-).&'#!8&.#!,.!1()*#!-#3)%-$(! x 50!3).&.0-%#!,.!;(/&#&!%0')##/2.(/#).&I!%01)#(&.#&4! x =%!/#!.C-%&%80!,.!/#!.0-<#!,.Q#)#!60#!J(0#!%0#,.-6#,#!,.!.0-<#!%0&.)'#,#! x V6#0,(!/#!$%7%.0.!;6-#/!.&!*#/#4! x =%!/#!)./#-%80!,./!3)(1.&%(0#/!9!./!3#-%.0'.!.&!,%1<-%/!(!&%!./!*#0.Q(!,./! 3#-%.0'.!.&!3)(;/.*#4! x 50!/#!3).&.0-%#!,.!,.'.)*%0#,#&!.01.)*.,#,.&!.!%01.--%(0.&4!501.)*.,#,! ,.!#,,%&(0I!,%#;.'.&!0(!-(0')(/#,#!I!]C!#0'%-(#76/#0'.I!,.;%/.&I!,.;%/%'#,(&4! x V6#0,(!./!3#-%.0'.!&.!P6.Q.!,.!&.0&%;%/%,#,!,.0'#)%#!#0'.!,.!/#!-%)67<#4! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!hD_hDYZX"F=]DF4! ! !!!!!!!!!!!!!!!!!!5&!/#!).*(,./#-%80!,.!/#!.0-<#!P6.!$#!3.),%,(!&6!1()*#!.C'.)0#!1%&%(/87%-#! 9!0(!/#!./%*%0#-%80!,.!/#&!;(/&#&4!V(0!7)#0!1).-6.0-%#!/#!7%07%2.-'(*<#!9!/#! 7%07%2(3/#&'%#!&.!).#/%J#0!Q60'#&4! !! !!!!!!!!!!!!!!!!!!h%07%2.-'(*<#!9!7%07%2(3/#&'<#!-(0&'%'69.0!60#!&(/#!'+-0%-#!-(0!,(&! -(*3(0.0'.&>!?4m!7%07%2.-'(*<#!!K4m!7%07%2(3/#&'<#4!W6.!&(0!,(&!1%0#/%,#,.&!,./! *%&*(!3)(-.,%*%.0'(4! ! !!!!!!!!!!!!!!D0,%-#-%(0.&4! x ])#0&1()*#-%80!,.!*#)7+0.&!).,(0,.#,(&!(!.07)(&#,(&!.0!/#!1()*#!%,.#/E! .0!1%/(!,.!-6-$%//(!A!4! x V).#-%80!,.!60#!1()*#!*#&!.&'.'%-#!.0!-#&(&!.0!P6.!0(!&.!$#!3)(,6-%,(!/#! .C3(&%-%80!-(*3/.'#!,.!/#!-()(0#!#0#'8*%-#4! ! ! ! ! ! ! ! ! ! ! ! ! !

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

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Ç]5=D=! XHZYD=DZ_F"5=>! "#&! 3)8'.&%&! 3)(2%&%(0#/.&! &(0! #P6.//#&! P6.! -(/(-#*(&!.0!/#!;(-#!!3#)#!.2%'#)!P6.!./!3#-%.0'.!2#9#!,.&,.0'#,(!.0!/(&!-#&(&! !&%76%.0'.&>! x =.!3)(,6-.!/#!(&'.(%0'.7)#-%80!! x =.!3)(,6-.!/#!-%-#')%J#-%80!,.!/#&!$.)%,#&!,.!.C(,80-%#&I!).*(,./#-%80! ,.!-).&'#&!#/2.(/#).&I!.'-4!!

x x x

L%.0')#&!).#/%J#*(&!/#!3)8'.&%&!,.1%0%'%2#!! X#)#!3)('.7.)!/#&!3%.J#&!'#//#,#&!3#)#!-(/(-#)!-()(0#&!(!3)8'.&%&!1%Q#&!! X#)#!.&'6,%(!9!-(*3)(;#-%80!,.!,%*.0&%(0.&!2.)'%-#/.&!!

XHÇ]5=D=! XHZYD=DZ_F"!! H5LZYDg"5! >=(0! 3)8'.&%&! 3#)-%#/.&! (! '('#/.&! ).*(2%;/.&! P6.! &.! 6�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Ç]5=D=!XHZYD=DZ_F"5=!BD|F=>!=(0!3)8'.&%&!-(0&')6%,#&!7.0.)#/*.0'.! ,.!#-)
x

X)('.7.)! /#&! 3%.J#&! '#//#,#&I! P6.! &%! &(0! 2%'#/.&! .&'#):0! &.0&%;/.&! #! /(&! -#*;%(&! '+)*%-(&I! :-%,(&! 9! ,6/-.&I! &%!! .&':0!! .0,(,(0-%#,#&! 0(! '.0,):0! &.0&%;%/%,#,4! 51.-'(!!.&'+'%-(!*%.0')#&!&.!3).3#)#!/#!3)8'.&%&!,.1%0%'%2#4!

51.-'(! ,.! 1.)6/%J#-%80! ,.! /#&! 3%.J#&! '#//#,#&I! .2%'#).*(&! ./! ,.&3/#J#*%.0'(! ,.! /#&!3%.J#&!'#//#,#&I!9#!P6.!&%!+&'.!&.!3)(,6-.I!/#!3)8'.&%&!,.1%0%'%2#!0(!!#Q6&'#):4!

(

Y&A$0#"#($0.F%&'*(",.0@"'$'(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((( 5&!60#!,.!/#!3)8'.&%&!-(0!-#)#-'.)<&'%-#&!.&3.-%#/.&!3#)#!3(,.)!&.)!).#Q6&'#,#!(! ).;#&#,#!/#&!2.-.&!P6.!&.#!3).-%&(I!3()!/(!P6.!./!3#/#,#)!,.;.!&.)!'('#/*.0'.!,.! #-)
?4 X#)#! 3#-%.0'.&! Q82.0.&! P6.! $#0! &61)%,(! 60! #--%,.0'.! -(0! 3+),%,#&! ,.0'#)%#I! -#)%.&! .C-.&%2#*.0'.! ,.&')6-'%2#&! (! .0! -#&(! ,.! #0(,(0-%#4! =6!'.*3)#0#!.,#,!-(0')#%0,%-#!60#!3)8'.&%&!1%Q#4!! K4 50!3#-%.0'.&!#,6/'(&!-6'(!.&'#,(!,.!&#/6,!%*3%,.!*(*.0':0.#*.0'.! 60!')#'#*%.0'(!1%Q(!(!-(0!%*3/#0'.&4! M4 X#-%.0'.&! ,.! .,#,! #2#0J#,#! (! .0! ')#'#*%.0'(! 3&%P6%:')%-(I! -69#! '.)#3%#!1%Q#!3(,)<#!&.)!/#)7#!9!*69!/#;()%(! N4 X()!-#6&#&!.-(08*%-#&! k4 X#-%.0'.&! -69#&! (-63#-%(0.&! 3)(1.&%(0#/.&! 36.,#0! %*3.,%)! 60! ')#'#*%.0'(! /#)7(! 9! -(*3/%-#,(! .0! 60! ! *(*.0'(! ,.'.)*%0#,(! 9! &.#! 3).-%&(!,.*()#)/(4!p0#!3)8'.&%&!'.*3()#/!36.,.!).*.,%#)!/#!#6&.0-%#! ,.0'#)%#4! X)(-.,%*%.0'(4m! ?4 5/.7%)!60#!-6;.'#!#*3/%#!P6.!36.,#!#;#)-#)!'(,#!/#!#*3/%'6,!,.!/#!;(-#! ,.&,.!/(&!,%.0'.&!#!/(&!'.Q%,(&!;/#0,(&4!! K4 =.! ,.;.! .2%'#)! /(&! 7)(&().&! .C-.&%2(&! ,.! #/7%0#'(! ! 9#! P6.! 3)(2(-#! 60#! 3).&%80!*.0()!.0!/67#)!,.!&.)!60%1()*.!9!&(&'.0%,#!/(!P6.!(-#&%(0#!!60#! ,.1()*#-%80! ,./! *#'.)%#/! 9! 60! 1#/&(! 3(&%'%2(! #,.*:&! &.! ./%*%0#)! /#! $6*.,#,!P6.!0(&!,#):!60#!1#/&#!%*3).&%804!! M4 p0#!2.&!'(*#,#!/#!%*3).&%80!&.!//.2#!#!-#;(!./!2#-%#,(!-(0!/#!'+-0%-#!,.! ,(;/.!2#-%#,(4! N4 =%! .C%&'.0! 7)#0,.&! .&3#-%(&! ,.&,.0'#,(&! 3#)#! ./! &(3()'.! ,.! /(&! -.)#&! &.! -(0&')69.0! 60#&! 3/#0-$#&! ,.! #)'%-6/#-%80! 9! &.! '(*#):0! /(&! ).7%&')(&! 3)(')6&%2(&4!! k4 =.! ./%7.0! /(&! ,%.0'.&! &%*%/#).&! #! /(&! P6.! 3(&..! .0! -6#0'(! #! /#! 1()*#! 9! -(/()I!&%.*3).!,.!-(*G0!#-6.),(!-(0!./!3#-%.0'.4! c4 =.!//.2#!./!*(,./(!#/!3#)#/./%J#,()!3#)#!*#)-#)!./!.-6#,()!,.0'#)%(!,.!/#&! 3%.J#&! -(0! 7#0-$(&! -(/(-#0,(! &%.*3).! .0! 60#! 3(&%-%80! $()%J(0'#/4! F&%*%&*(I! ;6&-#).*(&! /#! -#0'%,#,! ,.! ).'.0-%80! 9! ./! ! 0%2./! ,(0,.! %):0! %0,%-#,(&!/(&!'.)*%0#/.&!).'.0'%2(&4!!50!.&'.!3)%*.)!*(,./(!).#/%J#*(&!./! .&'6,%(! 9! &%! '62%+)#*(&! P6.! ).'(-#)! /(&! ,%.0'.&! ,.! /#! ;(-#! ,.;.)<#*(&! '(*#)!60#!&.760,#!%*3).&%804!! f4 =%!/#!3)8'.&%&!'.*3()#/!'62%.)#!P6.!/.2#)&.!60!3.)%(,(!&63.)%()!#!/(&!cmd! *.&.&I!&.)<#!*.Q()!-(0&')6%)!60#!3)8'.&%&!'('#/*.0'.!*.':/%-#4!=6!#Q6&'.! .&!&63.)%()!9!3.)*%'.!*#0'.0.)!60#!$%7%.0.!*#&!3.)1.-'#4!! d4 5&'.! .&'6,%(! ,.;.! //.2#)&.! #! -#;(! -(0! /(&! *(,./(&! *(0'#,(&! .0! ./! #)'%-6/#,()! 3#)#! 3(,.)! '.0.)! ).1.).0-%#! ,.! /(&! .&3#-%(&! %0'.)(-6&#/.&! ,.! P6.!,%&3(0.*(&!3#)#!/(&!./.*.0'(&!-(/#,(&4!

n4 V(*(!7#0-$(&!).'.0'%2(&!#,.*:&!,.!/(&!-(/#,(&!*.0-%(0#,(&!3(,.*(&! *(,./#)! 60(&! 1()Q#,(&! ,.! bIn! (! ?! **! (! -(0&')6%)! '#*;%+0! /#&! ).'.0-%(0.&!#!;(/#&4! ?b4 5&'(&! 7#0-$(&! ,.;.):0! 3#&#)! 3()! /(&! .&3#-%(&! %0'.),.0'#)%(&4! 5&'(! 0(&! $#):!(;&.)2#)!./!/67#)!*#&!#,.-6#,(!3#)#!&6!3#&(!#/!.0-#)#)!/(&!*(,./(&! *(0'#,(&! .0! ./! #)'%-6/#,()4! 50! '(,(&! .&'(&! -#&(&! /(&! 1%0#/.&! ,.! /(&! 7#0-$(&!D):0!$#-%#!/%076#/!3#)#!&.)!%0-/6%,(&!.0!/#!).&%0#4!! ??4 @.;.*(&! 3).3#)#)! /#! 60%80! ,.! /(&! ,%.0'.&! ,.! #-)
;%&%,'(F&%G"#"%,'*(@0(')&+*")%(T0)T'#('(*'(.0@"@'( !"#&! -(0,%-%(0.&! P6.! ,.;.! ,.! ).60%)! 60#! -()(0#! 3)(2%&%(0#/I! P6.,#0! *.Q()! -6*3/%,#&! -(0! 60#! -()(0#! $.-$#! #! /#! *.,%,#! 3#)#! .&'(! &.! 3).1%.).! /#! '+-0%-#! %0,%).-'#! P6.! /#! ,%).-'#I! 9#! P6.! ./! -(0'#-'(! ,.! /#! ,.0'%0#! -(0! #-)
X)(-.,%*%.0'(4m! ?4 5/! 3)%*.)! 3#&(! -(0&%&'.! .0! ).#/%J#)! 60#! &(;).%*3).&%80! ,./! ,%.0'.! &%! '#//#)4! K4 =.! 3).3#)#! ./! *(,./(! #)).7/#0,(! /(&! ,.1.-'(&! -(0! -.)#! )(Q#! 6'%/%'9! ;%.0! #%&/#,#I!&.!*(Q#!./!9.&(!3#)#!P6.!,.!.&'.!*(,(!%*3.,%)!P6.!./!#/7%0#'(!&.! /.!#,$%.)#4!! M4 p0#!2.J!1)#76#,(!./!#/7%0#'(!&.!).'%)#!./!*(,./(!,.!.&'6,%(!9!&.!.C#*%0#! /#!&(;).%*3).&%80!3#)#!-(*3)(;#)!&%!.&':!-(*3/.'#4!=.!-()'#!./!.C-.&(!,.! #/7%0#'(!!9!&.!76#),#!/#!&(;).%*3).&%80!.0!60!#*;%.0'.!$G*.,(4!! N4 p0#! 2.J! '.)*%0#,(! ./! '#//#,(! ,.! /#! 3%.J#! &.! '(*#! /#! %*3).&%80! ,./! -6#,)#0'.! -()).&3(0,%.0'.! ! 9! .&'#! %*3).&%80! &.! 2#-<#! -(0! .&-#9(/#I! 60#! 2.J!1)#76#,(!&.!).'%)#!./!.C-.&(!,.!*#'.)%#/4!! k4 =.!-(*3)6.;#!./!*(,./(I!&.!./%*%0#0!#&!3./#&!,.!/#&!-#)#&!(-/6&#/.&!9!!,./! &6)-(!7%07%2#/!3#)#!P6.!0(!%*3%,#0!60!#&.0'#*%.0'(!-()).-'(4! c4 =.!3%0'#!-(0!&.3#)#,(&!,.!).&%0#!./!,%.0'.!3).3#)#,(!9!#,9#-.0'.4! f4 =.!*.J-/#!).&%0#!,.!-(/()!,./!,%.0'.!-(0!60#!.&3:'6/#! d4 =.!3(0!/#!*.J-/#!,.!#-)
;%&%,'#(',$0&"%&0#(@0(F%*")'&C%,'$%( V(0! /#&! -()(0#&! ,.! 3(/%-#);(0#'(! &.! 36.,.0! $#-.)! -(02.0%.0'.&! ).&'#6)#-%(0.&! 3)(2%&%(0#/.&! 3#)#! ,%.0'.&! #0'.)%().&4! X.)(! 0(! &.! #,#3'#! -6%,#,(&#*.0'.! &.! '.0,):0! *:)7.0.&! ,.&;(),#,(&! ! $()%J(0'#/*.0'.! P6.! /.&%(0#)#0! /#! .0-<#4! X#)#! -(0&.76%)! ./! #,.-6#,(! -(0'()0(! 9! /#! 0.-.&#)%#! ).'.0-%80!/#&!-()(0#&!,.;.0!).;#&#)&.!-(0!).&%0#!#-)
6'()%&%,'(.0$H*")'(F&0E%&.'@'](

X6.,.0!&6)7%)!&%'6#-%(0.&!.0!P6.!0(!.&!3(&%;/.!$#-.)!60#!-()(0#!3)(2%&%(0#/!#! *.,%,#!,.!#-)! x x x x x

X).3#)#-%80!*<0%*#!,./!,%.0'.! L(,%1%-#-%80!9!&./.--%80!,.!/#!-()(0#! H.-()'#,(!9!#,#3'#-%80!,./!*#)7.0!7%07%2#/! FQ6&'.!(-/6&#/! V.*.0'#,(!

X)(-.,%*%.0'(4m!! ?4 5/! ,%.0'.! $#! ,.! &.)! '#//#,(! *%0%*#*.0'.! 3#)#! $#-.)! &%'%(! 3#)#! /#! -()(0#4!"#!).,6--%80!&.):!,.!?!**!.0!/#&!-G&3%,.&!0(!160-%(0#/.&! 9! ,.! ?! **! .0! /#&! 160-%(0#/.&4! =.! ).#/%J#! /#! ).,6--%80! 3)(C%*#/! 3#)#!P6.!3#&.!/#!-()(0#4!! K4 =.! &./.--%(0#! /#! -()(0#! 9! &.! 3)6.;#! .0! ./! *(/#)4! =%! ./! -(//#)! 7%07%2#/! ).&6/'#! ,.*#&%#,(! .&').-$(I! .&'.! &.! .0�-$#! -(0! 60! *6[804! "#! -()(0#! &.! -(/(-#! .0! ./! *(/#)! 9! &.! .2#/G#! &6! /(07%'6,! (-/6&(7%07%2#/4!! M4 =.!-(*3#)#!/#!#/'6)#&!P6.!.&'#!./!;(),.!,.!/#!-()(0#!-(0!./!;(),.! 7%07%2#/! ,.! /#&! 3%.J#&! -(0'%76#&4! =.! ).-()'#! /#! -()(0#! -(0! 60#&! '%Q.)#&! 3#)#! *.'#/! 1.&'(0.#0,(! ./! ;(),.! -(0! ./! *%&*(! -(0'()0(! P6.!/#!%0&.)-%80!7%07%2#/!,./!*(/#)4!! N4 ](,#&!/#&!%)).76/#)%,#,.&!&.!#/%�!-(0!60!3#3./!,.!/%Q#4! k4 V(0! 60#&! #/%-#'.&! ,.! -(0'()0.#)! &.! ;(*;.#! 60! 3(-(! /#! -()(0#! #/7(! 38)! ,.;#Q(! ,./! ;(),.4! V(0! .&'(! &.! -%.))#! 60! 3(-(! '(,(! ./! -(0'()0(4! c4 =.! -(*3)6.;#! /#! (-/6&%80! -(0! 3#3./! ,.! #)'%-6/#)4! =.! ).'%)#! /#! -()(0#!9!&.!;)6[.!'(,(&!/(&!360'(&!,.!$%3.)(-/6&%804!! f4 X#)#!P6.!./!-.*.0'(!0(!&.!#,$%.)#!#!/#!3#)'.!.C'.)%()!,.!/#!-()(0#I! G0'./#!-(0!60!3(-(!,.!2#&./%0#4!=.!*.J-/#!-.*.0'(!,.!yZ5!!9!&.! //#0#!#!/[#!-()(0#!//.2:0,(/#!#/!&%'%(!,./!,%.0'.!3).&%(0:0,(/#!-(0! ./!,.,(4!!

d4 g)6[%)!/(&!*:)7.0.&!,.!/#!-()(0#!-(0!60!;)6[%,(&!-6)2(!#0'.&!,.! P6.! .0,6).J-#! ./! -(*.0'(I! ).'%)#)! ./! .C-.&(! ,.! -.*.0'(! .0! /#&! &63.)1%-%.&!-(0!&.,#!,.0'#/4!! n4 =.!,.;.0!-(0')(/#)!'(,(&!/(&!*:)7.0.&!3#)#!.&'#)!&.76)(&!,.!P6.! 0(!')#6*#'%J#0!/#!.0-<#!.0!360'(!#/760(4!! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

! ! ! ! M(-#F0)$%#()*",")%#(@0*(F'F"*%.'( ! ?4 B()*#!,%7%'%1()*.I!-(/%1/()I!! k4 V(/()!-(*(!,./!.3%'./%(!! K4 g#&.!&.&%/!(!3.,60-6/#,#! c4 V(0&%&'.0-%#!1%)*.!! M4 F&%0'(*:'%-(!! f4 ]#*#0(!2#)%#;/.! N4 5C(1%'%-(4! d4 ]%.*3(!,.!.2(/6-%(0!>/#)7#! ! Q(1D(@"E0&0,)"'*(@0*(F'F"*%.'(( ! Y.))67#&!26/7#)%&!! B%;)(*#! a#0'(*#!2.))67%1()*.!! V(0,%/(*#!#6*%0#,(4! V#)-%0(*#!-(0,%/(*#! ! U(K?0(0#(?,(T'.'&$%.'m( L#/1()*#-%80!,.!'%3(!'6*()!-#)#-'.)%J#,#!3()!'.Q%,(!$%&'(/(7%-(!.&3.-%1%-(!4!-6#/P6%.)!'6*()!,.!7)#0!'#*#0(!3.)(! .0!./!&'%(!P6.!/.!-()).&3(0,.!/(!-(0')#)%(!#!60!$#*#)'(*#!.&!60!-#)%&'(*#I! ! V(-.0*%C*'#$%.'(( F*./(Ü!.&*#/'.! g/#&'(&Ü!1()*#-%80! Z*#Ü!'6*()! ( g(1D(@"E0&0,)"'*(@0*('.0*%C*'#$%.'( ?4 O#*#)'(*#!(,(0'(7.0(! c4 P6.)6;%&*(!! K4 B%;)(*#!(,(0'(7.0(!!3.)%1.)%-(! f4 7)#06/(*#!.(&%0(1%/%-(!')#6*#'%-(! M4 h)#06/(*#!-.0')#/!,.!-./6/#&!7%7#0'.&!! #0.6)%&*#'%-(4! N4 @%&3/#&%#!1%;)(&#!!*(0(&'('%-#! ! k4 L%C(*#!(,(0'(7.0%-(! ! ! ( (h(SD(@0(?,('.0*%C*'#$%.'( ! ?4 O.*%*#0,%;6/.-'(*%#!! k4 L#)&63%#/%J#-%(0!! K4 L#C%/.-'(*%#!! c4 5&-%&%80!P6%)6)7%-#!! M4 H.&.--%(0!.0!;/(P6.!! f4 H.-(0&')6--%80!-6#0,(!//.7#!.0!-#&(&! N4 ".7)#)!/#!J(0#!! *#&!&.)2.)(&!! ! q(;*'#"E")')"%,(@0(*%#('.0*%C*'#$%.'#(!"#$%*%B")'( ! F4!B(/%-6/#)! FI!60%P6%&'%-(! F4!3/.C%1()*.!! !!!!!F460%P6%&'%-(!3/.C%1()*.!! FI!#-#0'(*#'(&(!! FI!V./6/#&!;#&#/.&4! F4!7)#06/#)!! ! ! ( t(;*'#"E")')"%,(@0(*%#('.0*%C*'#$%.'#(i)*",")'j( F*./(;/#&'(*#!*#&!-(*60!>!3(/%P6%&'%-(!4!%0')#(&.(I!-.0')#/!E36.,.!#;&();.)!)#%-.&A!I!&.!,#!.0!).'.0-%(0!,.! ,%.0'.&4!

(

F*./(;/#&'(*#!60%P6%&'%-(!>!.026./2.!/#!-()(0#!,./!,%.0'.!4!&.!,#!.0!/#!*#0,%;6/#!!9!.&!*.0(&!!#7).&%2(4! F*./(;/#&'(*#!3.)%1.)%-(!(!.C')#(&.(!E*#&!)#)(A!>!'.Q%,(&!;/#0,(&!,.!/#!.0-%#!I!&.!2.!-(*(!0(,6/(&!,.!/#! .0-%#!,.!K**!#!M**!,.!,%:*.')(4! ( ( ( w(10#)&"C0(0*('.0*%C*'#$%.'(Y*0D"E%&.0( ! F7).&%2(!I!3#).-%,#!#/!#*./(;/#&'(*#!I!(),.0#,#&!.0!*#&#&!%)).76/#).&(!;#0,#&!,.!-./6/#&!!%0'.)-(0.-'#,#&E! 1()*#!,.!*#//#A!-#,#!60#!#'#,#!!#!60#!-#3#!,.!-./6/#&!!-(/6*0#).&4! ( Ms(10#)&"C0(0*('.0*%C*'#$%.'(E%*")?*'&(( D&/('.&!3.P6.0(&!1()*#,(&!3()!-./6/#&!!.3%'./%#/.&!!-6;(%,#/.&!9!!0G-/.(&!!3(/#)%J#,(&!9!-./6/#&!&.*.Q#0'.&!#! /(&!#*./(;/#&'(*#&!*#&!-(*60!4! ! MM(-)',$%.'$%#%(>! =.!2.!-(*(!3.)/#&!!(!P6.)#'%0#!I!/#&!-./6/#&!(-63#0!60!/67#)!,./!).'%-6/(I!#/!-.0')(!&.!(;&.)2#!!).'%-6/(! .&').//#,(!I!&61).0!*.'#3/#&%#!!.&-#*(&#!!-(0!/#!1()*#-%80!,.!P6.)#'%0#!!.0!3()-%(0!-.0')#/!,.!%&/('.&!! '6*()#/.&4! ! MQ(l(K?"#$0m( V#2%,#,!3#'(/(7%-#!I!).2.&'%,#!3()!.3%'./%(!-(0!&6&'#0-%#!&.*%/%P6%,#!!(!&.*%&(/%,#!.0!./!-.0')(!!-(0!-)%&'#/.&! ,.!-(/.&'.)(/!4!./!-.0')(!,./!P6%&'.!&.!//#*#!/6*.04! ! MU(1D(@"E0&0,)"'*(@0*(O?"#$0(F&".%&@"'*( ! F*./(;/#&'(*#!60%P6%&'%-(! W6.)#'(P6%&'.! W6%&'.!).&%,6#/! MV(K?"#$0#(.'#('B&0#"G%#(( W6%&'.!3)%*(),%#/! W6.)#'(P6%&'.4! W6%&'.!(,(0'(7.0(! ! ! Mg(SD(F'&'(0*(O?"#$0(F&".%&@"'*]( ! ?4 506-/.#-%(0! k4 L#)&63%#/%J#-%(0!! K4 H.&.--%(0!.0!;/(P6.! c4 =.!)#&3#!1(0,(!,.!$6.&(!-6).'#Q.!(! M4 O.*%*#0,%;6/.-'(*%#! /.7)#,(! N4 L#C%/.-'(*%#! f4 ](,(!,.3.0,.!,./!'#*#0(!! ! Mh(2$"%F'$%B0,"'(@0*(O?"#$0(@0,$"B0&%( X()!/#!#-6*6/#-%80!,./!/%P6%,(!.0').!./!.3%'./%(!).,6-%,(!,./!.&*#/'.!9!/#!-()(0#! H.&'(&!,./!.3%'./%(!).,6-%,(!,./!.&*#/'.I!&.!#&(-%#!#!#/#!-()(0#!,.!60!,%.0'.!3.)*#0.0'.!! H./#-%(0#,(&!#!,%.0'.&!0(!.)63-%(0#,(&! ! Mq(-#F0)$%#(T"#$%*%B")%#(@0*(E%*")?*'&(%(@0,$"B0&%]( ?4 53%'./%(!.&-#3(&(!.&')#'%1%-#,(!5554! k4 V6.)3(&!,.!)6&&./! K4 X)(9.--%(0.&!,.*(!.3%'./%#/.&!&(/(! c4 _G-/.(&!3(/#)%J#,(&!-(0!-(0'.0%,(! #*#)%//.0,(!.0!(-#&%(0.&!'.0%,(!-(0! .0!%01.--%(0! ).4! M4 =.!(;&.)2#0!-6.)3(&!$%#/%0(&!(!,.! f4 5&!/#C(!./!'.Q%,(!-(0.-'%2(4! )#&$'(*! N4 5)%')(-%'(&! ! Mt(2$"%F'$%B0,"'(@0*(O?"#$0(F0&"%@%,$'*( ! ?4 ])#6*#'%&*(! K4 D))%'#-%(0!3()!'(C%0#&!

M4 N4 k4

D01/#*#-%80! @.7.0.)#-%(0!! "%-6.1#--%80!

c4 f4 d4

F;&-.&(! h)#06/(*#! W6%&'.4!

! ! ! ! Mw(K?"#$0(@0(*'(0&?F)"%,(%(T0.'$%.'(@0(*'(0&?F)"%,(( ! =.!()%7%0#!,.!/#!/#*%0#!,.0'#/! F/'.)#-%80!,./!.3%'./%(!).,6-%,(!,./!.&*#/'.!-6#0,(!/(&!,%.0'.&!&.!#-.)-#0!#!/#!*6-(&#!;6-#/! Y#)%#0'.!,./!P6%&'.!1(/%-6/#)4! ! Qs(-#F0)$%#(T"#$%*%B")%#(@0*(T0.'$%.'(@0(*'(0&?F)"%,(( ?4 ])#&/6-%,(!! c4 3.)(!'*;!.0!/#-'#0'.&! K4 53%'./%(!,./7#,(!! f4 %01/#-%80!,./!#).#! M4 ?!-*!,.!,%:*.')(!! d4 36.,.!-(0'.0.)!/%P6%,(!'%&6/#)!(! N4 &(/%'#)%(! ).! k4 &.!,#!.0!/#!,.0'%-%80!*%C'#!,.!c!#!?K! n4 #&%0'(*:'%-(4! #0(&!! ! ! X.)/#&!,.!.3&'.%0!E).;(),.!#/2.(/#)A! _(,6/(&!,.!;($0!E!#!/(&!/#,(&!,./!)#1.!*.,%(!(!.0!/#!60%(0!,./!3#/#,#&!,6)(!9!;/#0,(!A!

! QM(3+,@&%.0(@0(B%*c(P(B%&*",(( ?4 F3&!V/%0%-(&!! k4 F0(*#/%#&!,.!/#&!.C').*%,#,.&! K4 h.0.)(!1.*.0%0(!! c4 X%7*.0'#-%(0!-6'#0.#! M4 F1.--%(0.&!(&.#&!9!$6.&(! f4 X#3%/(*#&!*6/'%3/.&! N4 F')(1%#!-6'#0.#! d4 B6&%(0!,.!2.)'.;)#&!-.)2%-#/.&4! ! ! QQ(10#)&"C0(0*(#+,@&%.0(@0(B%&*",(P(B%*$c( 501.)*.,#,!$.).,%'#)%#!P6.!&.!')#0&*%'.!-(*(!60!)#&7(!#6'(&(*%-(!,(*%0#0'.4! F0(*#/%#&!-6'#0.#&!! N4 W6.)#'(&%&!3#/*#)!9!3/#0'#)! ?4 V#)-%0(*#!;#&(-./6/#)! K4 W6%&'.!9!'6*().&!;.0%70(&!! k4 V#)-%0(&%&!@.)*#/ M4 B(&.'#&!3#/*#).&! ! ! Z1'#*%-#&!! ! ?4 O%3.)'./()%&*(!! M4 V.7.)#!-(07.0%'#! K4 @%&'(3%#!-#0'()6*! N4 5&')#;%&*(!%0'.)0(!4! ! @.0'#/.&!9!(&.#&!! ! M4 V(&'%//#!;%1%,#! ?4 W6.)#'(P6%&'.!(,(0'(7.0(! N4 F0(*#/%#&!2.)'.;)#/.&!! K4 X)(70#'%&*(!*#0,%;6/#)! k4 g)#P6%*.'#-#)3#/%&*(!! ! _.6)(/(7%-#&!! ! ?4 H.')#&(!*.0'#/!! N4 O%,)(-.1#/(!-(07.0%'(!! K4 V#/-%1%-#-%(0!,6)#/! k4 L.,6/(;/#&'(*#& M4 F7.0.&%#!,./!-6.)3(!-#//(&(! ! =.C6#/.&!! O%3(7(0#,%&*(!!

]6*().&!.0!(2#)%(&4! ! ! ! ! QU(10#)&"F)"A,(4D(@0*('.0*%C*'#$%.'(( ( ( !y(0#!)#,%(/6-%,#!;%.0!,.1%0%,#E!60%/(-6/#)(!(!*6/'%/(-6/#)!A!#,./7#J#*%.0'(!,.!$6.&(!-()'%-#/I!3.)%1.)%#!,.!/#! /.&%(0!/%&#I!3#0#/!,.!#;.Q#!(!-(0!#&3.-'(!,.!;6);6Q#&!,.!Q#;(0!9!3).&.0-%#!,.!()7#0(&!,.0'#)%(&!).'.0%,(&4! X6.,.!2.)!).#;&()-%80!,.!$6.&(!9!)#%-.&4! ! ! S&'$'."0,$%#(F'&'(x( ( QV(K?"#$0(F0&"'F")'*(( ?4 506-/.#-%(0!! N4 F3%-.-'(*%#!-(0!(;'6)#-%80! K4 V6).'#Q.!3.)%#3%-/#! ).')(7)#,#!! M4 5C')#--%80!,./!()7#0(!,.0'#)%(!! k4 50,(,(0-%#4!

! Qg(K?0&'$%O?"#$0(%@%,$%B0,%!!! ! ?4 506-/.#-%(0!! N4 O.*%*#0,%;6/.-'(*%#!4!*#&!%*3/#0'.4! K4 L#)&63%#/%J#-%(0!-t!-#0#/%J#-%80! k4 H.&.-%(0!.0!;/(P6.!&%!.&!,.!7)#0!'#*#0(!! 3.)*#0.0'.4! c4 H#&3#,(!-6).'#Q.!! M4 H.&.--%(0!.0!;/(P6.! f4 Y%7%/#)!#/!3#-%.0'.!,6)#0'.!k!#0(&!4! Qh(Y'F"*%.'(( ! ?4 5C'%)3#-%80!,.&,.!/#!;#&.!,.!/#!/.&%(0!9! K4 X(,(1%/%0#!ã&6&'#0-%#&!P6%*%-#&å! *#&!60#!3.P6.[#!-#0'%,#,!,.!'.Q%,(!�(!! M4 5/.-')(!-#6'.)%(!!! ! Qq(Y0&*'#(@0(0F#$0",(P(,%@?*%#(@0(C%T,( _(!$#9!')#'#*%.0'(!3()!P6.!,.#).-.0!#/!.)63-%(0#)!/(&!,%.0'.&4! ! Qt(/&',?*%.'(F0&"E^&")%(@0()0*?*'#(B"B',$0#(( ?4 5&-%&%80!P6%)6)7%-#!! N4 5&!,.0,.0'#,(&!!#/%&#*%.0'(!,.!$6.&(! K4 O%7%.0.!3(&'.)%()!! #0'.&!,.!-.))#)4!! M4 X.)1%/!$()*(0#/! ! ! Qw(1D(@"E0&0,)"'*((@0*(B&',?*%.'(@0(F0&"E0&")%(@0()0*?*'#(B"B',$0#(( ! V/<0%-#*.0'.!! ?4 h)#06/(*#!3%(7.0(!! K4 536/%&!1%;)(&(!! ! O%&'(/87%-#*.0'.!! ?4 B%;)(*#!(&%1%-#0'.!3.)%1.)%-(!! N4 O.*#07%(*#!-#2.)0(&(! K4 O%3.)3/#&%#!1%;)(&#!%01/#*#'()%#! k4 h)#06/(*#!-.0')#/!,.!-./4!h%7#0'.&4! M4 B%;)(*#!(,(0'(7.0(!3.)%1.)%-(! ! Us(1D(@"E0&0,)"'*(@0*(B&',?*%.'()0,$&'*(@0()0*?*'#(B"B',$0#(( ( ?4 W6.)6;%&*(!! c4 1%;)(*#!(,(0'(7.0(!-.0')#/! K4 W6%&'.!3)%*(),%#/!! f4 h)#06/(*#!3.)%1.)%-(!! M4 F*./(;/#&'(*#! d4 W6%&'.!(&.(!#0.6)%&*#'%-(4! N4 O%3.)3#)('%)(%,%&*(! n4 W6.)#'(P6%&'.4 k4 ,%&3/#&%#!1%;)(&#! !

! ! ! UM(1D(@"E0&0,)"'*(@0(?,(B&',?*%.'(F0&"'F")'*(( ?4 W6%&'.!3.)%#3%-#/!! M4 V.*.0'(;/#&'(*#!.0!.&'#,%(&!'.*3)#0(&!! K4 F;-.&(!3.)%#3%-#/! N4 V%-#')%J!P6%)6)7%-#!#!0%2./!#3%-#/!! ! ! UQ(1D(@"E0&0,)"'*(@0*(E"C&%.'("&&"$'$"G%(( ?4 L6-(-./.! M4 ]6*()!,.!,.!-./6/#&!7%7#0'.&! K4 _.6)(1)%;(*#! N4 "%3(*#! ! UU(>"C&%.'(( Z)%7.0!*.&(,.)*%-(!!'6*()!,.!()%7.0!,.!'.Q%,(!-(0.-'%2(!I!.&!/#!0.(3/#&%#!*#&!-(*60,(!,.!'.Q%,(!;/#0,(4! ! UV(-F#(T"#$%*%B")%#(@0*(E"C&%.'(( ?4 555! k4 V./6/#&!3/#&*#'%-#&! K4 X).&.0-%#!,.!1%;)(;/#&'(&!! c4 ].Q%,(!-(0.-'%2(!.C-.&%2#!3)(,6--%80!,.! M4 B%;)#&!,.!-(/#7.0#!! -(/#7.0#4! N4 X)(9.--%(0.&!,.)*(.3%'./%#/.&! ! Ug(;*'#"E")')"%,(@0(*%#(T0.',B"%.'#(( ! ?4 V#3%/#)!! k4 F07%(;/#&'%-(!$%3.)')(1%-(! K4 V#2.)0(&(! c4 H#-.*(&(! M4 L.'#&'#'%J#0'.! f4 ]./#07%.-'#&%&!$.*())#7%-#!$.).,%'#)%#! N4 Y%0(!(3()'(!(!0.26&!2.06&6&!! d4 @%16&(!! ! Uh(-#F0)$%#()*",")%#(@0(*"F%.'(( ! =%'%(!3).1.).0-%#/!'.Q%,(!&6;-6'#0.(!,./!-6.//(4!".076#4!X%&(!,.!/#!;(-#4!50-%#4!X/%.76.&!*6-(;6-#/.&!(!/#;%#/.&4!5&! #&%0'(*:'%-(!9!'%.0.!#3#)%.0-%#!,.!60#!/.&%(0!#%&/#,#!/(;6/#,#4!5&!,.!-(/()!#*#)%//.0'(!9!.&!)./#'%2#*.0'.!&6#2.!#!/#! 3#/3#-%(04! ! Uq(1D(@"E0&0,)"'*(@0*(%@%,$%.'(( M4 B%;)(#,#0'(*#!#*./(;/#&'%-(! ?4 Z&'.(*#!! K4 Z,(0'(*#!#*./(;/#&'%-(! ! Ut(-F#()*",")%#(@0*(E"C&%.'('.0*%C*'#$")%(( ?4 X(-(!1).-6.0'.! k4 5'%(/(7%#!%,%(3#'%-#! K4 L%C'(! c4 X#).-%,(!#/!#*./(;/#&'(*#! M4 ]6*()!(,(0'(7.0%-(! f4 F&(-%#,(!#!60!,%.0'.!0(!.)63-%(0#,(4! N4 _.(3/#&%#!)./#'%2#*.0'.!3(-(!1).-6.0'.! ,.!()%7.0!(,(0'(7.0(! Uw(l(=0D%()%.?,(@0(*%#()',)0&0#m( D))%'#-%(0!! ! Vs(l;'&)",%.'(0F"@0&.%"@0(@0#@0(0*(F?,$%(@0(G"#$'($'.',%(P()&0)"."0,$%(#0(@"G"@0(0,m( ?4 Y.))67(&(! M4 5C(1%'%-(&! K4 p/-.)#'%2(! N4 O%3.)3/#&%-(&!! ! ! VM(l>')$%&0#(F&0@"#F%,0,$0#(@0*()',)0&m( ?4 F/-($(/%&*(!! k4 ]#;#P6%&*(!! K4 =<1%/%&!! c4 5C3(&%-%80!#!/#!/6J!&(/#)! M4 @.1%-%.0-%#&!06')%-%(0#/.&!! f4 D01.--%(0.&!2%)#/.&! N4 ])#6*#'%&*(!!

! ! VQ(10#)&"F)"A,()*",")'(@0*(B&',?*%.'(F0&"E0&")%(@0()0*?*'#(B",B',$0#(( ! 5'%(/(7%#!')#6*#'%&*(! B)#-'().&!%))%'#-%(0!3()!60#!3)8'.&%&!! D01.--%(0!! ?4 =F3!.0-%#!9!3)(-.&(!#/2.(/#)!.0!).7%(0!,.! f4 Z2(%,.! 3).*(/#).&!%01.)%().&!! d4 V6;).!./!).;(),.!#/2.(/#)! K4 g#&.!&.&%/!(!3.,60-6/#,(! n4 p/-.)#-%80!! M4 @.!4k!P!?4k!-*!$#&'#!K!-*!! ?b4 F1.-'#!.0-%#!/%;).!9!#,$.)%,#! N4 V(/()!)(Q(!(;&-6)#!(!)(Q(!36)36)#!! ??4 F&%0'(*:'%-(!! k4 X()!/(!).76/#)!3#-%.0,.&!,.&,.0'#,(&!! ?K4 V(0&%&'.0-%#!2#)%#;/.! c4 O%0-$#J(0!2#&-6/#)! ! VU(10#)&"F)"A,()*",")'(@0*(B&',?*%.'()0,$&'*(@0()0*?*'#(B"B',$0#(( ( ?4 _%!0(&!9!#,6/'(&!Q82.0.&! f4 L(2%/%,#,!,.0'#)%#! K4 5C3#0&%(0!,.!-()'%-#/.&! d4 ])#*#0(!2#)%#;/.! M4 50').!/#&!.,#,.&!,.!?b!#!Mb!#0(&!!(!.0!/#! n4 F&%0'(*:'%-(!3.)(!&%!&.!%01.-'#!36.,.! &.760,#!,.-#,#!,.!2%,#!! 3)(2(-#)!%0-(*(,%,#,4! N4 X).1.).0-%#!3()!./!7.0.)(!1.*.0%0(!3.)(! ?b4 Z-#&%(0#!,.1()*%,#,!$#9!-(02.C%,#,! 36.,.!&.)!#*;(&!! ,.;%,(!#/!#6*.0'(!,.!2(/6*.0!! k4 50!/#!3#)'.!#0'.)%()!,.!/#!*#0,%;6/#!9t(! ??4 X6.,.!3)(,6-%)!3#).&'.&%#!! *#0,%;6/#!! ?K4 H.#;&()-%80!,.!#3%-.&!#!0%2./!,.!*(/#).&! c4 H.#;&()-%80!(&.#! ! ! ! ! VV(-#F0)$%#(4D(@0*(B&',?*%.'(;0,$&'*(@0()0*?*'#(B"B',$0#( ! F).#!)#,%(/6-%,#!-(0!;(),.&!)./#'%2#*.0'.&!/%&(&!(!#&3.)(&I!#/760#&!2.-.&!3).&.0'#!')#;.-6/#,(!*#/!,.1%0%,(I!&.! (;&.)2#!,.&3/#J#*%.0'(!,./!()7#0(!,.0'#)%(!).#;&()-%80!)#,%-6/#)4! ! Vg(1D(@"E0&0,)"'*(@0*(F"%B0,%(( ! ?4 ]6*()!,./!.*;#)#J(! M4 h)#06/(*#!3.)%1.)%-(!,.!-./6/#&!7%7#0'.&!! K4 B%;)(*#!(&%1%-#0'.! N4 O.*#07%(*#!-#3%/#)!! ! Vh(SD(F'&'(0*(B&'G"@")%(( 5&-%&%80!P6%)%)Q%-#! V(0')(/!,.!3,;! V(0')(/!$()*(0#/!! ! Vq(10#)&"F)"A,(4D('.0*%C*'#$%.'(( ?4 D*#7.0!)#,%(/6-%,#! N4 H.#;&()-%80!,.!$6.&(!9!)#%-.&!! K4 L6/'%/(-6/#)!(!60%/(-6/#)! k4 M)(&!*(/#).&!).'.0%,(&!! M4 V(0!#&3.-'(!,.!;6);6Q#&!(!3#0#/!,.!#;.Q#! c4 3).&.0-%#!,.!,%.0'.&!).'.0%,(&!! ( Vt(O?0(0#(?,(T0.',B"%.'(( .&!60!'6*()!,.!2#&(&!L%0.(&!,.!.'%(/(7%#!-(07.0%'#! ! ! ! ! !

Vw(0$"%*%B"'(@0(*%#(%@%,$%.'#(( !&.!).1%.).!#!60!'6*()!,.!()%7.0!(,(0'(7.0(!/#&!-./6/#&!.3%'./%#/.&!9!*.&.0P6%*#'(&#&!*6.&')#0!,%1.).0-%#-%80! -(*3/.'#!-(0!).&6/'#,(!,.!P6.!/(&!#*./(;/#&'(&!9!(,(0'(;/#&'(&!1()*#0!.&*#/'.!9!,.0'%0#!4!&.!,%-.!P6.!).3).&.0'#! 60#!/.&%(0!$#*#)'(*#'(&#!.'%(/(7%#!.&!,.&-(0(-%,#!&.!&67%.).!')#6*#!/(-#!(!%01.--%(0I!$.).),%'#)%#!7.0!*6'#0'.! ).&'(&!,.!/#!/#*%0#!,.0'#/!9!).&'(&!,.!*#/#&&.J!! ! gs(10#)&"C"&(*'#()'&')$0&"#$")'#(T"#$%F'$%*%B")'#(@0*(O?"#$0(,'#%F'*'$",%(( 555! V./6/#&!%01/#'()%#&!! 53%'./%(!).&3%)#'()%(! ! gM(10#)&"F)"A,(4'@"%*%B")'(@0*(O?"#$0(,'#%F'*'$",%(( B()*#!,.!-()#J(0!3()!/#!%0'.)3(&%-%80!,.!/#!.&3%0#!0#&#/!#0'.)%()!! y(0#!)#,%(/6-%,#!! ! gQ(1"E0&0,)"'#(0,$&0(0*(F"%B0,%(P(0*(B&'G"@")%(( ! X%(7.0(!! h)#2%,%-(!! ?4 50-%#!#,$.)%,#! ?4 50-%#!/%;).!! K4 F*;(&!7.0.)(&!! K4 g(-#! M4 5,#,!.0!0%0(&!9!#,6/'(&! M4 L6Q.).&! N4 _(!%02(/6-%(0#0! N4 5,#,!).3)(,6-'%2#! k4 =.!(;&.)2#!.0!(')#&!3#)'.&!,./!-6.)3(!! k4 ]%.0,.!#!,.#).-.)!,.&36+&!,.!,#)!#!/6J!! c4 =#07)#!*#&!#!/#!.C3/()#-%(0!! c4 X(&%;/.!P6.!).!*.0(&!#!/#! ! .C3/()#-%(0!! gU(;*'#"E")')"%,(@0(*%#(%@%,$%.'#(( !! ;%.F*0\%!!,.0'%0#!.&*#/'.!%0'.)0#*.0'.!,.&(),.0#&,(!3()!/(!).76/#)!.0!/#!).7%(0!3(&'.)%()! ;%.F?0#$%((),.0!P6.!60!,%.0'.!.0!-(0,%-%(0.&!0()*#/.&4!5&*#/'.I!,.0'%0#4!o!36.,.!.C%&'%)!36/3#!I!-.*.0'(!!0(! /%7#*.0'(! ;%.F?0#$%#()%.F*0\%#!>!'.Q%,(&!,.0'#/.&!-#/-%1%-#,(&!*#&#!%)).76/#)!P6.!0(!76#),#!&%*%/%'6,!*()1(/(7%-#! 7"D$%#()%.F?0#$%#!&%*%/%'6&!#0#'(*%#!&63.)1%-%#/!-(0!,%.0'.&!0()*#/.&! -.0*%C'#$")%()%.F?0#$%( !! ;%.F?0#$%(.0!./!&.7.*.0'(#0'.)%(!,./!*#C%/#)! ;%.F*0\%!.0!#).&!3(&'.)%().&4! ( gV(-#F0)$%#()*",")%#(@0*(T0.',B"%.'( n4 =FX!*6-(&#!;6-#/!3).1.).0'.*.0'.! ?4 *#9()!3#)'.!3).&.0'.!.0!./!*(*.0'(!,./! /#;%(&!-#))%//(&!3()!&.)!#/'#*.0'.! 0#-%*%.0'(!! 2#&-6/#)%J#,(&4!".076#!9!3#/#,#)! K4 '%.0.!60#!1(*#!3/#0#!(!./.2#,#! ?b4 F*;(&!7.0.)(&!! M4 '#*#0(!,.!?4**!$#&'#!?b!-*! ??4 V(0!1).-6.0-%#!./!'6*()!.&!')#6*#'%J#,(! N4 -(0&%&'.0-%#!%)).76/#)!! k4 -(/()!%0'.0&(!!)(Q(!(!)(Q(!#J6/(&(!! &61).!6/-.)#-%80!.!%01.--%(0!&.-60,#)%#! c4 )#)#!2.&!;%.0!-%)-60&-)%'(! ?K4 5,#,!%01#0-%#!Q62.0'6,!&.0.'6,! f4 -).-%3%'#-%(0!#!/#!3#/3#-%(0!! ?M4 ]%.*3(!,.!.2(/6-%(0!-()'(! d4 '()'6(&(!!&%!&.!3(0.!%&P6.*%-(!!#/! ?N4 X()!/(!7.0.)#/!0(!%02(/6-%(0#! 3).&%(0#)!9!#/!).'%)#)&.!&.!26./2.!#!//.0#)! ?k4 @6./.!&%!&.!%01.-'#! ,.!).! ?c4 Z)%7.0!')#6*#I!-(07.0%'(4!@.&-(0(-%,(4! h.0.'%-(!$.).,%'#)%(!! ! ! gg(1D(@"E0&0,)"'*((@0*(*"F%.'(( ! ]6*()!,.!-./6/#&!7)#06/#).&! O%;.)0(*#! _.6)(1%;)(*#! B%;)(/%3(*#! !

gh(-F#(!"#$%*%B")%#(@0*(*"F%.'(( ?4 V./6/#&!#,%3(&#&!!-(0!60!06*.)(!2#)%#;/.! k4 V%'(3/#&*#!-/#)(! ,.!;!#0,#&!,.!-(/#7.0(!-6)�!!#!')#2.&! c4 F,%3(&%'(!36.,.!(!0(!'.0.)!-#3&6/#! ,.!/#!/.&%(0!9!&(3()'#0!3.P6.0(&!2#&(&! f4 V6#0,(!.&'.!'.Q%,(!-(0.-'%2(!1%;)(&(! L%0.(&!(-#&%(0#/.&! 1()*#!60#!3#)'.!*69!%*3()'#0'.!,./! K4 53%'./%(!,./7#,(! '6*()!1%;)(/%3(*#! M4 Y#&(&!L%0.(&!&63.)1%-%#/.&! d4 V./6/#&!#,%3(&#&!#,6/'#&!-(0!&.3'#&!,.! N4 L()1(/87%-#*.0'.!%76#/!#,%3(&%'(!3.)(! '.Q%,(!-(0.-'%2(!(-#&%(0#/!#!')#2.&!,.!/#! -(0!,%1.).0'.!*.'#;(/%&*(!! /.&%(0 ( gq(6'(2,E0&.0@'@(&0,@+(%#*0&(e0C0&(%($0*',B"0)$'#"'(T0.%&&'B")'(T0&0@"$'&"'!! 501.)*.,#,!-(07.0%'#!$.).,%'#)%#!')#&*%'%,#!3()!60!7.0!,(*%0#0'.! =(0!/.&%(0.&!-6'#0.#&!&(0!*#&!-(*60.&!.0!-#)#!I!-6.//(I!3.-$(! ".&%(0!,.!/#!*6-(&#!;6-#/!#).#&!*#&!#1.-'#,#&>!/#;%(&!.0-%#!*6-(&#!;6-#/!9!3#/#,#)!3%&(!,.!;(-#!9!/.076#!4! ( gt(-#F0)$%#(&'@"%*%B")%#(@0(?,(T0.',B"%.'()0,$&'*(( ! X#0#/!,.!#;.Q#!2.-.&!-(0!#&'%//#&!P6.!)(,.#0!.0!/#!3.)%1.)%#!.&3#)-%,#&!9!1()*#0!60#!#3#)%.0-%#!#'.&'#,#4! ! gw(1D(@"E0&0,)"'*(@0*(T0.',B"%.'()0,$&'*(( ?4 h)#06/(*#!3%(7.0(!! M4 h)#06/(*#!3.)%1.)%-(!,.!-./6/#&!7%7#0'.&! K4 h)#06/(*#!7)#2%,%-(! N4 F0.6)%&*#!#)')%(2.0(&( 4! ! hs(1D(@"E0&,)"'*(@0*(%@%,$%.'(( ?4 B%;)(*#!#*./(;/#&'%-(! N4 W6%&'.!(,(0'(7.0%-(!-#/-%1%-#0'.&!(! K4 ]6*()!(,(0'(7.0%-(!#,.0(*#'(%,.! '6*()!,.!7()/%7! M4 F,(0'(#*./(;/#&'(*#! k4 @%&3/#&%#!-.*.0'#)%#! c4 5&-/.)(&%&!1(-#/4! ! hM(2,E0&.0@'@(@0(#$?&B0(e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hQ(-#F0)$%#(&'@"%B&'E")%#(@0*(B*AC?*%(.'D"*'&(%(F&0.'D"*'R(.'D"*'&(( ! B()*#!,.!3.)#!%02.)'%,#!.0').!/#&!)#%-.&!,.!/(&!%0-%&%2(&!/#'.)#/.&!9!-#0%0(!-#6�,(!#!2.-.&!,%2.)7.0-%#!,.!)#%-.&4! ! ! ! ! ! ! ! ! ! !

5$&%#(,%.C&0#(I( ! hU(-.0*%C*'#$%.'( ! ]6%*()!3.)%1.)%-(!,.!-./6/#&! F,#*#0'%0(*#! W6%&'.!-(0,6-'(!0#&(3#/#'%0(! 7%7#0'.&4! F,#*#0'(;/#&'(*#!! W6%&'.!,./!-#0#/!%0-%&%2(!! 536/%&!,.!-./6/#&!7%7#0'.&! W6%&'.!*6/'%/(-6/#)! ! Z&'.(-/#&'(*#! ! qs(K?"#$0(B*AC?*%(.'D"*'&( ! hV(3+,@&%.0(@0((B%&*",B( W6%&'.!3).*#C%/#m!*#C%/#)!! qg(/&',?*%.'()0,$&'*(@0( B%*$c(( ! )0*?*'#(B"B',$0#( =<0,)(*.!,.!P6%&'.!*#C%/#)! qM(K?"#$0(,'#%'*G0%*'&( ]6*()!,.!$6.&(!,.!-./6/#&! 0.2(!,.!-./6/#&!;#&#/.&!9! W6%&'.!0#&%(/#;%#/! 7%7#0'.&I! -(&'%//#!;%1%,#4! W6%&'.!i/.&'#,'! @%&3/#&%#!1%;)(&#! !! ( (&'.(-/#&'(*#! hg(K?"#$0(F0&"%@%,$'*(( qQ(>"C&%.'$%#"#(B",B"G'*(( '6*()!2.),#,.)(!,.!-./6/#&! W4!3.)%#3%-#/! B%;)(*#'(&%&!7%07%2#/! 7%7#0'.&4! W4!)#,%-6/#)! $.).,%'#)%#! ! WI!1%0#/!)#,%-6/#)!,.0'#/!! O%3.)3/#&%#!7%07%2#/!1%;)(&#!E! ( ! 1:)*#-(&!A! qh(;'&)",%.'(C'#%)0*?*'&( hh(K?"#$0(@0(*'(0&?F)"%,(( B%;)(*#'(&%&!7%07%2#/!E! ! O.*#'(*#!,.!/#!.)63-%(0!4! %,.(3#'%-#A!! V#)-%0(*#!,.!-./6/#&!;#&#/.&! W6%&'.!,.!/#!/#*%0#!,.0'#/!,./! L#-)(7%07%2#/%#!-(07.0%'#4! p/-.)#!,.!)(.,()! ).-%.0!0#-%,(!! 5/.1#0'%&%&!7%07%2#/! 53%'./%(*#!,.!-./6/#&!;#&#/.&!! ( ( ! hq(K?"#$0(F"%B0,%(( qU(>"C&%.'("&&"$'$"G%( qq(;'&)",%.'(0F"@0&.%"@0(( h)#06/(*#!3%(7.0%-(*! O%3.)3/#&%#!1%;)(&#!/(-#/!! V#)-%0(*#!,.!-./6/#&! ]./#07%.-'#&%-(!! B%;)(*#!')#6*#'%-(! .&-#*(&#&! ! ! V#)-%0(*#!,./!.&')#'(! ht(K?"#$0(B%&*",(( ! *#/3$%7%! ]6*()!P6%&'%'(!P6.)#'%0%J#0'.! ! V#)-%0(*#!.&3%0(-./6/#)4! W6%&'.!(,(0'(7.0(! ! ! -#/-%1%-#0'.! ! ! W6%&'.!(,(0'(7.0(! qV(/&',?*%.'(F0&"E0&")%(@0( qt(;'&)",%.'( .?)%0F"@0&.%"@0( P6.)#'%0%J#0'.4! )0*?*'#(B"B',$0#( Z0-(-%'(*#!! ! h)#06/(*#!).3#)#'%2(!,.! hw(K?"#$0(.'D"*'&(',$0&"%&( -./6/#&!7%7#0'.&I! .0@"%(( ! ! qw((>"C&%.'$%#"#(B",B"G'*(y0$"%*%B"'z( ! 70@")'.0,$%&!>!/(&!-)%&'#/.&!,.!&#/!0(!&.!36.,.0!*.'#;(/%J#)!.0!./!$%7#,(!!9!.*3%.J#0!#!2%#Q#)!3()!./!&%&'.*#! L%0.(!P6.,#0!#')#3#,#&!#$%!./!&%&'.*#!%0*60.!.*3%.J#!!#!.0-.))#)/(!.0!1%;)#&!,.!-(/#7.0#!9!#&%!.*3%.J#0!#! -).-.)!/#&!.0-%#&!3()!'.Q%,(!1%;)(&(!/(&!*.,%-#*.0'(&!P6.!-#6�!.&(!&(0!/#&!1.0%'(%0#&!! V%-/(&3()%0#&!! g/(P6.#,().&!,.!-#0#/.&!,.!-#/-%(4! ! 9@0%F'$")'(( ( /0,0$")'I!.&!./!*#&!-(*60!9!.&!(-#&%(0#,(!C!60!7.0!#6'(&(*%-(!,(*%0#0'.4( ! SD(@0(*'(E"C&%.'(B",B"G'*(( ! h%07%2.-'(*%#!9!7%07%2(3/#&'%#4! ! ts(-#F0)$%#(4D(@0*(O?"#$0(.'D"*'&(',$0&"%&(.0@"%(( !

F).#!)#,%(/6-%,#!).,(0,.#,#!(2(%,.!(!,.!1()*#!,.!-()#J(0!3()!/(!).76/#)!;%/#'.)#/*.0'.!&%*.')%-#!9!;%.0! ,./%0.#,#!&.!.0-6.0')#!3()!/(!).76/#)!.0').!/#&!)#%-.&!,.!/(&!%0-%&%2(&!-.0')#/.&!.0!/#!/%0.#!*.,%#!36.,.!-#6&#)! ,%2.)7.0-%#!(!).#;&()-%80!,.!)#%-.&4! ! ! tM(-#F0)$%#(4D(@0*(O?"#$0(F'*'$",%(.0@"%( F).#!)#,%(/6-%,#!;%.0!-%)-60&-)%'#!(36.&'#!#!/#!).7%(0!,.!3).*(/#).&!9!*(/#).&4! ( tQ(1D(@"E0&0,)"'*(@0*(B*AC?*%(.'D"*'&(( ! ?4 h)#06/(*#!3.)%#3%-#/! N4 h)#06/(*#!-.0')#/!,.!-./6/#&!7%7#0'.&! K4 W6%&'.!3.)%(,(0'#/!#3%-#/! k4 W6%&'.!(,(0'(7.0(!-#/-%1%-#0'.!! M4 W6.)#'(P6%&'.!(,(0'(7.0(!! c4 L%C(*#!(,(0'(7.0#! ! tU(1D(@"E0&,)"'*(@0*(O?"#$0(0F"@0&.%"@0(P(@0&.%"@0( ?4 H#06/#! N4 D01.--%(0!#76,#!(!-./6/%'%&!,./!3%&(!,.! K4 W6%&'.!,./!-(0,6-'(!'%)(7/(&(! ;(-#!! M4 W6%&'.!;)#0P6%#/!$.0,%,(! k4 D01.--%(0.&!,.!/#&!7)#0,6/#&!&6;*#C%/#)!9! &6;/%076#/4! ! ! tV(-#F0)$%#(T"#$%*%B")%#(@0*(F'F"*%.'( ! ?4 5C(1%'%-(!I!,%7%'%1()*.!-(0!3)(9.--%(0.&! N4 o!3#)#P6.)#'(&%&!! /#)7#&!! k4 V./6/#&!%01/#*#'()%#&!!/%01(-%'(&!9! K4 "#&!3)(9.--%(0.&!.&'#0!1()*#,#&!3()! 3/#&*(-%'(&!! 555! c4 5&')(*#!P6.!&(&'%.0.!#!/#!-./6/#!9!#!&6&! M4 O%3.)P6.)#'(&%&!! 3)(,6-'(&!I!&6&'#0-%#!160,#*.0'#/!! ! tg(-#F0)$%#()*",")%#(@0(*%#('.0*%C*'#$%.'( ! f4 V#6&#!,.&3/#J#*%.0'(!,.!-()'%-#/.&!! ?4 F&%0'(*:'%-(!! d4 @.&3/#J#*%.0'(!,.!,%.0'.&!4!*(2%/%,#,! K4 ]#*#0#0(!2#)%#;/.! ,.0'#)%#! M4 =6!'%.*3(!,.!.2(/6-%(0!,.!k!#!d!#0(&!! n4 X#).&'.&%#! N4 V(0&%&'.0-%#!&(/%,#!-(0!&636)#-%(0!9! ?b4 @.1()*#-%80!,.!/#!-#)#!! -(0'.0%,(!7./#'%0(&(! ??4 L69!#7).&%2(!! k4 X).1.).-%#!3()!./!7.0.)(!*#&-6/%0(!! ?K4 H#J#!0.7)#4! c4 "#!*6-(&#!P6.!-6;).!/#!*#&#!'6*()#/! 36.,.!//.7#)!#!6/-.)#)&.!&%!.C%&'.!%))%'#-%(0!! ! ! th(-#F0)$%#(4D(@0*('.0*%C*'#$%.'( ?4 D*#7.0!)#,%(/6-%,#! k4 X()!/#!).7%(0!,.!'.)-.)(&!*(/#).&!3()!/(! K4 L6/'%/(-6/#)!(!60%/(-6/#)! ).76/#)!).'.0%,(&!! M4 V(0!#&3.-'(!,.!;6);6Q#&!,.!Q#;(0!(! c4 ]%.0.!&.3'#&!I!'#;%P6.!,.!&.3#)#-%(0!.0! 3#0#/!,.!#;.Q#!! /(&!*6/'%/(-6/#).&I! N4 H.#;&()-%80!,.!$6.&(!9!)#%-.&!! ! tq(;%.F*")')"%,0#(@0(?,('.0*%C*'#$%.'(( @.;%/%'#!./!$6.&(!3()!/(!*%&*(!36.,.!//.7#)!#!1)#-'6)#)&.!!9!./!Kq!,.!/(&!#*./(;/#&'(*#&!&.!26./2.0!*#/%70(&!4! //.7#0!#!2#&(&!/%01#'%-(&!9!36/*(0.&4! ! tt(-#F0)$%#()*",")%#(@0*(O?"#$0(F&".%&@"'*(( ! ?4 F7).&%2(!! N4 X).1.).0-%#!3()!./!7+0.)(!*#&-6/%0(!! K4 =6!'#*#[(!2#)%#!!36.,.!#;#)-#)!*.,%#! k4 =%'%(!3).1.).0-%#/!!).7%80!,.!/(&!'.)-.)(&! *#0,<;6/#!! *(/#).&!9!*#0,<;6/#! M4 F&%0'(*#-%'(!&%0!%01.--%80!! c4 X6.,.!3).&.0'#)!%01.--%80!!

f4 d4 n4 ?b4

X6.,.!-#6&#)!,.1()*%,#,!1#-%#/!! @.&3/#J#*%.0'(!,.!-()'%-#/.&!! H.-%,%2#0!! X6.,.!*#/%70%J#)&.!

( ( ( tw(-#F0)$%#(4D(@0*(F&".%&@"'*(( ?4 ".&%(0!)#,%(/6-%,#!! K4 p0%/(-6/#)!!(!*6/'%/(-6/#)!! M4 g%.0!-%)-60&-)%'#!,.!1()*#!(2(%,.!(! ).,(0,#!-(0!;(),.!.&-/.)('%-(! ! ! ws(-#F0)$%#(T"#$%*%B")%#(@0*(O?0&'$%O?"#$0(%@%,$%B0,%(( ?4 B(-(&!3#)#P6.)#'%0%J#,(&!! K4 V#3#!;#&#/!!,.!-./6/#&!3(/#)%J#,#&!! M4 V(0!1).-6.0-%#!&.!3).&.0'#0!%&/('.&!! N4 V(/.&'.)(/! k4 X).&.0-%#!,.!P6.)#'%0#!! c4 "%P6%,(!#*#)%//(!2%&-(&(!! f4 c!#!?b!-#3#&!,.!7)(&()!#!*#0.)#!,.!-./,#&!! d4 -./6/#&!%01/#*#'()%#&!4! n4 .3%'./%(!.&-#*(&(!.&')#'%1%-#,(!

??4 X6.,.!#!2.)!3#).&'.&%#!,./!/#;%(!%01.)%()I! ?K4 V(0&%&'.0-%#!;/#0,#!-(*(!/#!-:&-#)#!,./! $6.2(4!

N4

=.!(;&.)2#!3()!,.;#Q(!,.!/#&!)#%-.&!(! ,.&3/#J#0,(/#&!4!

! ! wM('#F0)$%#(4D(@0*(O?0&'$%O?"#$0(%@%,$%B0,%( 60%/(-6/#)!(!*6/'%/(-6/#)!60#!J(0#!)#,%(/6-%,#!*#/!,.1%0%0#!,.;%,(!#!/#!3).&.0-%#!,.!P6.)#'%0#!-(0!;(),.&!.&-/.)('%-(&!;%.0! ,./%*%'#,(!4!,%2.)7.0-%#&!,.!)#%-.&!,.!/(&!,%.0'.&!2.-%0(&!

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! 380

LDVHZ=VZXDF! !

9=S451L;;9:=]( (

:*).2()2<*'!-/!)2,1.'(1/!-/!;'(/("! ! V(0! .&'.! '%3(! ,.! *%-)(&-(3%(! .&! 3(&%;/.! .&'6,%#)! /(&! ,.'#//.&! .&')6-'6)#/.&! ,.! /#&! -+/6/#&! 2%2#&! (! *6.)'#&I!-(02%.)'.!*.,%#0'.!*+'(,(&!83'%-(&!/#&!,%1.).0-%#&!.C%&'.0'.&!.0').!./!')#9.-'(!,.!/#&!(0,#&! /6*%0(&#&! .0! ,%1.).0-%#&! ,.! %0'.0&%,#,! 2%&%;/.&! 9! .0! -(0&.-6.0-%#I! .0! -(0')#&'.4! =.! .*3/.#! ?A! 60! ,%#1)#7*#!#06/#)!&%'6#,(!3()!,.;#Q(!,./!-(0,.0&#,()!9!KA!60!(;Q.'%2(!P6.!-(0'%.0.!60#!3/#-#!,.!1#&.! (!,.!,%1)#--%80!&%'6#,#!.0!/#!3()-%80!3(&'.)%()!,./!3/#0(!1(-#/4!5&'#!3/#-#!&.3#)#!/#!(0,#!,%).-'#!,.!/#! (0,#!,%1)#-'#,#I!9!#6*.0'#!/#!%0'.0&%,#,!,.!/#!)./#-%80!.0').!/#&!1#&.&!/(!P6.!,#!/67#)!#!/#&!1()*#-%80! ,.!60#!%*#7.0!2%&%;/.4!5/!(;Q.'%2(!).-%;.!/#!(0,#!,%).-'#!9!/#!,%1)#-'#,#4!! ! :*).2()2<*'!-/!*,1/.;/./,)*'"! ! =.! ;#&#! .0! /(&! *%&*(&! 3)%0-%3%(&! P6.! ./! *%-)(&-(3%(! ! ,.! -(0')#&'.! ,.! 1#&.&4! =%0! .*;#)7(! 3.)*%'.! (;'.0.)! ,#'(&! -6#/%'#'%2(&! 9! -6#0'%'#'%2(&I! 3.)*%'.! #/! (;&.)2#,()! &./.--%(0#)! ./! -(0')#&'.! *:&! #,.-6#,(!3#)#!-#,#!(;&.)2#-%80!!#,.*:&!-(0!/#!%/6*%0#-%80!,%).-'#I!/(&!-#*;%(&!,.!1#&.!&.!3(0.0!,.! *#0%1%.&'(! *.,%#0'.! -(0')#&'.! ,.! -(/()! P6.! 3.)*%'.! '#*;%+0! (;'.0.)! ).&6/'#,(&! &.*%-6#0'%'#'%2(&4! 5*3/.#0,(!./!*%-)(&-(3%(!,.!%0'.)1.).0-%#!&.!#3).-%#0!/(&!-#*;%(&!P6.!&.!3)(,6-.0!.0!/#!*#&#!&.-#! ,.!/(&!-6/'%2(&!-./6/#).&!,6)#0'.!/(&!3)(-.&(&!,.!-).-%*%.0'(!9!,%2%&%804! ! :*).2()2<*'!-/!<2%'.*A')*7,"! ! "#! ;#&.! ,.! .&'.! *%-)(&-(3%(! .&! %,+0'%-#! #! /#! ,./! 83'%-(! -(02.0-%(0#/I! -(0! /#! .C-.3-%80! ,.! P6.! &.! -(/(-#!60!3(/#)%J#,()!1).0'.!#/!-(0,.0&#,()!9!60!#0#/%J#,()!*:&!#//:!,./!(;Q.'%2(I!.0!./!(-6/#)4! ! :*).2()2<*'!&%1.'=*2%/1'"! ! 5&'#! 16.! 6'%/%J#,#! 3#)#! ./! .&'6,%(! ,.! 3#)'<-6/#&! -(/(%,.&4! "#! *.0()! /(07%'6,! ,.! (0,#! 3.)*%'<#! ./! .&'6,%(!,.!3#)'<-6/#&!.0!&(/6-%80!P6.!0(!.)#0!2%&%;/.&!*.,%#0'.!./!.*3/.(!,./!*%-)(&-(3%(!83'%-(4!5/! *%-)(&-(3%(! 6/')#2%(/.'#I! '#*;%+0! ).-%;%8! ./! 0(*;).! ,.! 6/')#*%-)(&-(3%(4! "#! /(07%'6,! ,.! (0,#! ,.! .&'(&!)#9(&!.C-%'#!/(&!1/6()(-)(*(&!,#0,(!60#!1/6().&-.0-%#!2%&%;/.4! ! :*).2()2<*'!-/!)'3<2!2()&.2"! ! =.!;#&#!.0!./!/<*%'.!.0').!1#&.&!,.!<0,%-.!,.!).1)#--%80!,%&'%0'(&!/#!/6J!&.!,%&3.)&#I!.&'.!*%-)(&-(3%(!0(! .&!*:&!P6.!60!*%-)(&-(3%(!-(02.0-%(0#/!.0!./!P6.!./!-(0,.0&#,()!.&!&6&'%'6%,(!3()!(')(!P6.!,#!/67#)! #!P6.!./!$#J!,.!/6J!%/6*%0.!./!(;Q.'(!&%0!3.0.')#-%80!,%).-'#!,.!/#!/6J!#!')#2+&!,./!(;Q.'%2(4!"#!*6.&')#! #3#).-.!;)%//#0'.!-(0!60!1(0,(!(&-6)(4! ! :*).2()2<*2!/%/)1.7,*)2!-/!5'..*-2"! ! X.)*%'.! ./! .&'6,%(! ,%).-'(! ,.! *6.&')#&! &8/%,#&I! /#&! *%-)(1('(7)#1<#&! (;'.0%,#&! .0! .&'.! *%-)(&-(3%(! 3(&..0! 60#! -(0&%,.)#;/.! 3)(160,%,#,! 1(-#/4! "#! *6.&')#! &.! 3).3#)#! *.,%#0'.! 2#3()%J#-%80! ,.! 60! *.'#/I!./!-6#/!.&!&(*;).#,(!*.,%#0'.!/#!'+-0%-#!-/:&%-#4! ! 381

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

7")&%#)%F"'(@0(&'P%#([( ! "#!'+-0%-#!*:&!&%*3/.!-(0&%&'.!.0!-(/(-#)!./!'.Q%,(!,%).-'#*.0'.!&(;).!60#!3/#-#!1('(7):1%-#!,.!7)#0(! 1%0(I! P6.! &.! .C3(0.! #! /#! #--%80! ,.! /(&! )#9(&! a4! "#! *%-)(&-(3%#! ,.! )#9(&! a! ).&6/'#! *69! G'%/! 3#)#! ./! .&'6,%(!-6#0'%'#'%2(!,.!/#!-+/6/#! !

58n2S9J53I( ( !

5/!#/6*0(!#3).0,.):!#!6'%/%J#)!./!*%-)(&-(3%(I!#&
7-S249-6I( ( -

?!*%-)(&-(3%(!-(*36.&'(! L6.&')#&!! F-.%'.!,.!%0*.)&%80!! V(/().&! X#3./!,.!-.)#!

!

7fS515I( ( ?4 K4 M4 N4 k4 c4 f4 d4

n4 ?b4 ??4 ?K4 ?M4 ?N4 ?k4 ?c4 ?f4 ?d4 382

=.!/%*3%#0!/(&!(;Q.'%2(&!,./!*%-)(&-(3%(I!#&
!

?n4 F/!'.)*%0#)!&.!/%*3%#!./!*%-)(&-(3%(!

;5=;6L395=23I( (

! 5/! 6&(! -()).-'(! ,./! *%-)(&-(3%(! 0(&! ;)%0,#! 60#! %*#7.0! *:&! -/#)#! ,.! /(! P6.! .&'#*(&! ;6&-#0,(I!#&! x V(*3)(;#)!P6.!./!&6Q.'(!).&3%)#!3()!/#!;(-#!E0(!&%.*3).!P6.!&.!'%.0.!/#!;(-#!#;%.)'#!&.!).&3%)#! 3()!.//#A!*.,%#0'.!60!.&3.Q(!1#)%07.(!.0!1(&#!0#&#/4! x H(0P6%,(!0(-'6)0(`!&(/(!-6#0,(!&.!).&3%)#!3()!/#!;(-#4! x =(/%-%'#)!%0&3%)#-%(0.&!1()J#,#&!3()!/#!0#)%J>!.0!./!0()*().&3%)#,()!/#&!0#)%0#&!&.!,%/#'#0!H4!g4I!0(4! x !5C#*.0!1<&%-(I!#/'.)#-%(0.&!0#&#/.&!(!3(&'6)#/.&4! ! X#)#! 3(,.)! //.2#)! #! -#;(! .&'.! ')#'#*%.0'(! %0'.7)#/! &.! ).P6%.).! /#! 3#)'%-%3#-%80! ,.! 0(! 60! .&3.-%#/%&'#! &%0(!2#)%(&I!.0').!/(&!-6#/.&!'.0.*(&>! !

383

¾ Y0@"'$&'( %( .0@")%( B0,0&'*>! .&! /#! 3)%*.)#! %0&'#0-%#&! ,.! -(0&6/'#! ,./! 3#-%.0'.I! ./! -6#/! 7.0.)#/*.0'.I! 0(! -(0&6/'#! 3()! ./! &<0,)(*.! .0! &%I! &%0(! 3()! /(&! 3)(;/.*#&! #&(-%#,(&! E'(&I! -#0�-%(I!)(0P6%,(I!.'-4A! 5/!')#'#*%.0'(!&.76%):!/#!-#6&#!,.!/#!).&3%)#-%80!;6-#/>! x F/.)7%#>!g)(0-(36/*(0#)4! x F0#'8*%-#&>!Z'())%0(/#)%07(/(7(I!()'(,(0-%&'#I!-%)6Q#0(4! x h.0+'%-#&>!*#/1()*#-%(0.&!-)#0.(1#-%#/.&I!h.0.'%&'#! ! ¾ (8&%,)%F?*.%,'&>! ')#'#! /#&! %01.--%(0.&! ).&3%)#'()%#&! #&(-%#,#&! E;)(0P6%'%&I! #*%7,#/%'%&A! 9! /#&! #/.)7%#&!E)%0%'%&I!&%06&%'%&A!#!')#2+&!,.!1:)*#-(&4!F!*.06,(!/(&!P6.!).&3%)#0!3()!/#!;(-#!3).&.0'#0! 60! -6#,)(! ,.! R#30.#! (;&')6-'%2#! ,./! &6.[(U4! "(&! 3)(;/.*#&! ).&3%)#'()%(&! &(0! #/'#*.0'.! ).%0-%,.0'.&!9!/#&!#/.)7%#&!&(/(!&.!.&'#;%/%J#0I!0(!&.!-6)#04! ! ¾ !5$%&&",%*'&",B%*%B%>! ')#'#! ./! ,.&3.Q.! ,.! /#&! 2<#&! #+).#&! &63.)%().&! (;&')6%,#&! P6.! -#6�! /#! ).&3%)#-%80! ;6-#/>! #,.0(%,.&I! $%3.)')(1%#! ,.! #*<7,#/#&I! $%3.)')(1%#! ,.! -()0.'.&I! ,.&2%#-%80! ,./! '#;%P6.!0#&#/I!38/%3(&!E.07)(&#*%.0'(!,.!/#!*6-(&#!0#&#/!9!&%06&#/A!9!36.,.!')#'#)!#/.)7%#&4!X#)#! ,.'.-'#)!./!3)(;/.*#!&.!).#/%J#0!2#)%(&!.C:*.0.&!E'.&'!L<0.(&I!'.&'!!!!-6':0.(&I!)#,%(7)#1<#!,.! -#26*!9!0#&(/%07(1%;)(&-(3%#4!"#&!#/.)7%#&!&.!')#'#0!-(0!*.,%-#*.0'(&4! ! ¾ 5&$%@%,)"#$'>! *(,%1%-#! /#! .&')6-'6)#! ;6-#/! 3#)#! 60#! -()).-'#! ).&3%)#-%80I! #! ')#2+&! ,.! #3#)#'(&! ()'(3+,%-(&!1%Q(&!(!*82%/.&4!])#'#!/(&!3)(;/.*#&!,.>!-(*3).&%80!,.!*#C%/#I!)('#-%80!3(&'.)%()!,.! /#!*#0,<;6/#I!*(),%,#!#;%.)'#!9!-)6J#,#4! x ])#'#*%.0'(! .0! 0%[(&>! ! )(/! %0'.)-.3'%2(`! ')#'#! ,.! P6.! ./! 3)(;/.*#! &.! ).2%.)'#! ,6)#0'.! ./! ,.&#))(//(4! x 5C3#0&%80!,.!*#C%/#>!&.!36.,.!6'%/%J#)!60#!3/#-#!,.!.C3#0&%80I!')#*3#!3#/#'%0#I!!!!!!!.Q.)-%-%(&! ./:&'%-(&!#,(&#,(&!#!3#0'#//#!()#/!3#)#!.&'%*6/#)!/(&!();%-6/#).&!,.!/(&!/#;%(&!9!./!./.2#,()!,./! /#;%(!&63.)%()!9!3/#-#!2.&'%;6/#)!,.!#-)!)(/!-()).-'%2(`!&.!6�!1).0%//(&!1%Q(&!9!.0!#/760(&!-#&(&!-%)67<#4! ! "6.7(! /#! -()).--%80! ,.;.! ).-6))%)! #! /#! ).$#;%/%'#-%80! 36.&! ./! 3#-%.0'.! &%76.! -(0! ./! *#/! $#;%'(! ,.! ).&3%)#)!3()!/#!;(-#4! ! ¾ >%,%'?@"%*%B%>! .0-#)7#,(! .0! /#! ).$#;%/%'#-%80! ,./! *.0()I! .&'#! .&! *.Q()! -6#0,(! ./! 3#-%.0'.! 3(&..! /#! .,#,! &61%-%.0'.! 3#)#! .0'.0,.)! ./! (;Q.'%2(! ,./! ')#'#*%.0'(`! .0&.[#)! #! ).&3%)#)! -()).-'#*.0'.!9!')#'#)!/(&!3)(;/.*#&!,./!$#;/#4!5/!B(0(#6,%(/(7(!.2#/G#!#/!*.0()!.0!-6#0'(!#>! 3(&%-%80!/%076#/!E.0').!,%.0'.&!9!.0!./!3%&(!,.!/#!;(-#AI!,.7/6-%ç0!#'<3%-#!E3(&%-%80!%0'.),.0'#/!,.!/#! /.076#!#/!,.7/6'%)AI!*#/(&!$:;%'(&I!1(0(!#)'%-6/#-%80!E1(0.*#&!R=UA4!5/!')#'#*%.0'(!.&!*69!,%1<-%/! 3()P6.>!./!3#-%.0'.!.&!,.!,%1<-%/!*#0.Q(I!-6.&'#!.0&.[#)!#!).&3%)#)!36.&!.&!60!3)(-.&(!.&3(0'#0.(4! "(!*:&!%*3()'#0'.!.&!.0&.[#)!/#!3(&%-%80!-()).-'#!,.!/#!/.076#!!E$#-%#!3#/#'%0(A!9!#-(&'6*;)#)/(!#! *#0'.0.)/#!#//!-(0-%.0-%#-%80I!3)#C%&! ;6-(! /%076#/.&! E*(2%*%.0'(&! 2(/60'#)%(&AI! .Q.)-%-%(&! ,.! ).&3%)#-%80! E0#&#/! 9! -(&'(! ,%#1)#7*é'%-#A! .0!,%2.)&#&!3(&%-%(0.&I!,.7/6-%(0!E3)(3%(-.3-%ç0A!9!.Q.)-%-%(&!,.!#)'%-6/#-%80!,.!1(0.*#&4! ! ¾ {",0#"|*%B%_( S&'?.'$|*%B%( P( 5&$%F0@"#$'>! ./! &<0,)(*.! ,./! ).&3%)#,()! ;6-#/! ')#.! -(0&.-6.0-%#&! .0! '(,(! ./! -6.)3(! -(*(! /(! &(0! /(&! -#*;%(&! ,.! 3(&'6)#I! .0').! .&'(&! 3)(;/.*#&! '.0.*(&!/#!.&-(/%(&%&!9!./!3%.!3/#0(4!! x 5/! ')#'#*%.0'(! ,.! /#! .&-(/%(&%&! ,.3.0,.! .0! ,.! /#! J(0#! .0! /#! P6.! &.! .0-6.0').! /#! -6)2#'6)#! #0()*#/I!/#!&.2.)%,#,!9!./!*(*.0'(!.0!P6.!&.!*#0%1%.&'#0!/(&!&<0'(*#&4"#!*%'#,!,.!/(&!0%[(&! -(0!.&-(/%(&%&!3.)-.3'%;/.!).P6%.).0!60!')#'#*%.0'(!9!!!!!!!!!!!!!!!!!!!!!!-(0')(/!-6%,#,(&(!3()! 384

3#)'.!,./!*+,%-(4!_()*#/*.0'.I!/#!.&-(/%(&%&!.&!')#'#!3()!./!()'(3.,%&'#4!=.!36.,.!6'%/%J#)!60! -(//#)<0!,.!3/:&'%-(!3#)#!*#0'.0.)!/#!-(/6*0#!,.).-$#4!50!(-#&%(0.&I!&.!).#/%J#!.&'%*6/#-%80! ./+-')%-#!9!#!2.-.&!36.,.!).P6.)%)!%0'.)2.0-%80!P6%)G)7%-#!3#)#!16&%(0#)!/#&!2+)'.;)#&4!! x 5/!')#'#*%.0'(!3#)#!./!X%.!3/#0(!,.3.0,.!,./!'%3(!,.!3%.!3/#0(!P6.!&.!3).&.0'.>! F4 V6#0,(! &.! 3).&.0'#! 3%.! 3/#0(! 1/.C%;/.! .! %0,(/()(! 0(! &.! ).P6%.).! ')#'#*%.0'(I! 3.)(! &%! &.! 3).&.0'#! ,(/()I! &.! 36.,.! #/%2%#)! -(0! /#! #96,#! ()'(3+,%-#! E60#! &.--%80! #,%-%(0#/! 3#)#! -(0&.)2#)! ./! #)-(! P6.! &.! %0&.)'#! .0! ./! J#3#'(A4! @#,(! ./! -).-%.0'.! %0'.)+&! 3()! #-'%2%,#,.&! #'/+'%-#&I!*6-$#&!'%.0,#&!,.!J#3#'(&!,%&.[#0!J#3#'(&!'#0'(!3#)#!3%.!0()*#/!-(*(!3#)#!3%.! 3)(0#,(4!5&'(&!G/'%*(&!3.)*%'.0!).-()).)!,%&'#0-%#&!*:&!/#)7#&!-(0!*:&!1#-%/%,#,!9!*.0(&! ,(/()I!,.;%,(!#!P6.!.&':0!,%&.[#,(&!3#)#!-()).7%)!.&'#!#0(*#/<#!3(&%-%(0#/4! g4 5/! 3%.! 3/#0(! )<7%,(! (! ,(/()(&(! ).P6%.).! ,.! /#! .2#/6#-%80! ,.! 60! *+,%-(! 9! &6! ')#'#*%.0'(! .C#-'(! ,.3.0,.! ,.! &6! -#6! 50! -#&(! ,.! -(#/%-%80! '#)&#/I! ./! ')#'#*%.0'(! -(*%.0J#! -(0! ).3(&(!9!3(&%;/.*.0'.!6'%/%J#-%80!,.!60#!1+)6/#4=%!./!,(/()!0(!*.Q()#!-(0!.&'(I!.&!3(&%;/.! P6.!&.#!0.-.&#)%(!3)#-'%-#)!60#!-%)67<#!9#!&.#!3#)#!).&.-#)!./!$6.&(!16&%(0#,(!(!).#/*.0'.! 16&%(0#)! 2#)%(&! $6.&(&! .0! 60#! 3(&%-%80! -()).-'#4! 50! -#&(! ,.! 3)(;/.*#&! -(0! ./! '.0,80! 3(&'.)%()! ,.! /#! '%;%#I! ./! ')#'#*%.0'(! &.! 36.,.! %0%-%#)! -(0! ).3(&(I! *.,%-#*.0'(&! #0'%%01/#*#'()%(&I!60#!&.--%80!#,%-%(0#/!P6.!&.!%0&.)'#!.0!./!J#3#'(!(!#;)#J#,.)#&!3#)#!/(&! '(;%//(&4! 50! -#&(&! *:&! &.)%(&I! &.! 36.,.! 3)#-'%-#)! 60#! -%)67<#! 3#)#! /%*3%#)! 9! ).3#)#)! ./! '.0,80!(!16&%(0#)!).#/*.0'.!2#)%#&!,.!/#&!#)'%-6/#-%(0.&!,./!3%.!.0!60#!3(&%-%80!-()).-'#! .0!-#&(&!&6*#*.0'.!#2#0J#,(&4! ! ¾ 10,$"#$'>!/#!3.)&(0#!-(0!.&'.!&<0,)(*.!'%.0.!60#!#6'($%7%.0.!,.1%-%.0'.!9#!P6.!/#!&#/%2#!#/!'.0.)!/#! ;(-#!#;%.)'#!&.!&.-#I!/(!-6#/!%*3%,.!60#!;6.0#!#6'(-/%&%&4!5&'(!#-(*3#[#,(!,.!60#!*#/#!$%7%.0.! 3()! 3#)'.! ,./! %0,%2%,6(! 36.,.! -#6&#)! 1:-%/*.0'.! -#)%.&4! F0'.! /#! 3).&.0-%#! ,.! -#)%.&! &.! 36.,.0! '(*#)!,(&!*.,%,#&!'.)#3+6'%-#&>! x =%! /#! -#)%.&! &.! /%*%'#! #/! .&*#/'.! ./! ')#'#*%.0'(! ,.! ./.--%80! &.):! /#! ).*%0.)#/%J#-%80! ,./! ,%.0'.! *.,%#0'.!/#!#3/%-#-%80!,.!1/G()!9!&6!-(0')(/!.0!2%&%'#&!3(&'.)%().&4!! x

=%!/#!-#)%.&!#1.-'#!#!/#!,.0'%0#!.&'#!,.;.):!,.!&.)!./%*%0#,#4!5/!).&6/'#,(!&.):!60#!3+),%,#!,.! '.Q%,(!,.0'#/!P6.!,.;.):!,.!).-63.)#)&.!*.,%#0'.!/(&!,%1.).0'.&(*#'.)%#/.&!).&'#6)#,().&!,.!/(&! P6.!,%&3(0.*(&!$(9!.0!,<#4!50').!.&'(&!*#'.)%#/.&!'.0.*(&>!!"#&!).&%0#&!-(*36.&'#&`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

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! 385

! ! =p=]F_VDF=!FV]DYF=4! ! X5HDZaD@D_>!! @.&-)%3-%80>!h./!,.0'#/!#0'%;#-'.)%#0(! =6&'#0-%#!#-'%2#>!! @%7/6-(0#'(!,.!-/()$.C%,%0#4! ! ! ! ! ! 5C-%3%.0'.I!-4!&4!34!?bb!7! X5HDZaD@D_>! @.&-)%3-%80>!V(/6'()%(!3#)#!.0Q6#76.!;6-#/4!=%0!#/-($(/4! =6&'#0-%#!#-'%2#>!! @%7/6-(0#'(!,.!-/($.C%,%0#! ! ! ! ! ! a%/%'(/! ! ! ! ! ! ! Y.$<-6/(!-4!&4!34!?bb!*/4! L5_]F"hD_F>! @.&-)%3-%80>!V(*3)%*%,(&4! =6&'#0-%#!#-'%2#>!! V/()6)(!,.!(C%;63)(-#<0#! ! ! ! ! ! V/()$%,)#'(!,.!(C%;63)(-#<0#!!! ! ! ! F-.%'.&!.&.0-%#/.&!9!*.0'(/!-4!;4!34! LFaZHF">!! @.&-)%3-%80>!]#;/.'#&4! =6&'#0-%#!#-'%2#>!! o(,6)(!,.!'%;.J(0%(! ! ! ! ! ! 5C-%3%.0'.!-4!;4!34!! ! ! D=Z@D_5!gpVZBFH^_h5Z>! @.&-)%3-%80>!F0'%&+3'%-(!;6-(1#)<07.(4! =6&'#0-%#!#-'%2#>!! D(,(3(2%,(0#! ! ! ! ! ! ! Y.$<-6/(!-4!;4!34!?bb!*/! D=Z@D_5!=Z"pVDZ_!F_]D=\X]DVF>! @.&-)%3-%80>!F0'%&+3'%-(!3#)#!3%./I!*6-(&#&!.!%0&')6*.0'#/!9!.P6%3(! =6&'#0-%#!#-'%2#>!! D(,(3(2%,(0#! ! ! ! Y.$<-6/(!-4!;4!34!?bb!*/! F=VZaF">! @.&-)%3-%80>!]#;/.'#&!.1.)2.&-.0'.&! =6&'#0-%#!#-'%2#>!! x-%,(!#&-8);%-(! ! ! ! ! ! ! X.)-#);(0#'(!&8,%-(! ! oZ@D_5mg4B4! ! @.&-)%3-%80>!F0'%&+3'%-(!;6-(1#)<07.(! =6&'#0-%#!#-'%2#>!! o(,(3(2%,(0#! ! ! ! ! ! ! Y.$<-6/(!-4!;4!34!?bb!*/! !

b4K!7!

b4?K!7! !

!

?4b!*7! b4K!*7! !

?!-(*3)%*%,(!

! !

k!*7! ?!'#;/.'#4!

!

d!7!

!

?b!7!

?bb!*7! ! !

?4bb!7!

nb!*7!

d!7!

"F=!BFLD"DF=!@5!F_]DgDÇ]DVZ=!o!=p=!"phFH5=!gDZWp^LDVZ=!@5!FVVDÇ_! ! ! ! Y#)%(&!*%/.&!,.!#0'%;%8'%-(&!$#0!&%,(!.&'6,%#,(&!.0!/(&!-.0')(&!,.!%02.&'%7#-%80!%0,6&')%#/!,.&,.!?nNN4!F/).,.,()!,.! Nb!,.! .//(&!.&':0!#-'6#/*.0'.!-(*.)-%#/%J#,(&!.0!'.)#3+6'%-#!$6*#0#!;#Q(!./!0(*;).!,.!#0'%;%8'%-(&I!.&'(&!'%.0.0!60!0(*;).!-%.0'<1%-(!(!60#! ,.0(*%0#-%80!-(*G0!.0!./!&.0'%,(!,.!/#!1#)*#-(3.#!1)#0-.&#I!9!60(&!0(*;).&!-(*.)-%#/.&!P6.!,.&%70#0!9#!&.#!./!3)(,6-'(!36)(I!9#! &.#0!3).3#)#-%(0.&!,%2.)&#&>!&#/.&I!#&(-%#-%(0.&!,.!#0'%;%8'%-(&I!*.J-/#&!-(0!(')(&!3)(,6-'(&!P6<*%-(&!(!;%(/87%-(&4! ! ! F_]DgDÇ]DVZ=!FV]DYZ=!=ZgH5!"F!=^_]5=D=!@5!"F!XFH5@!gFV]5HDF_F>! ! 5/!-(0&'%'69.0'.!,.!/#!3#).,!,.!/(&!.&'#1%/(-(-(&I!).&3(0&#;/.!,.!/#!1()*#!,.!/#&!;#-'.)%#&I!.&!60!*6-(3(/%&#-:)%,(!-(0&'%'6%,(! 3()!_m#-.'%/7/6-(&#*%0#!9!:-%,(!_m#-.'%/*6):*%-(4!5&'.!G/'%*(!.&!3()'#,()!,.!60!'.')#3+3'%,(!E"m#/#0%0#I!@m7/6'#*%0#I!"m/%&%0#!(!#/!@m #*%0(3%*+%-(!9!@m!#/#0%0#A4!5&'(&!'.')#3+3'%,(&!.&':0!/%7#,(&!.0').!.//(&!3()!60!.0/#-.!3.3'<,%-(!E3.0'#7/%-%0#A!P6.!60.!#!/#!@m!#/#0%0#! '.)*%0#/!,.!60(!#!/#!"m!/%&%0#4! 5/!-(0Q60'(!1()*#!60#!).,!P6.!-(01%.).!#!/#!3#).,!&6&!-6#/%,#,.&!*.-:0%-#&4! Y#)%#&!1#*%/%#&!,.!#0'%;%8'%-(&!#-'G#0!&(;).!/#!-(0&'%'6-%80!,.!.&'.!*6-(3+3'%,(4! "#!1#*%/%#!,.!/#&! m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m/#-'#*#&#&4! ! F_]DgDÇ]DVZ=!FV]DYZ=!=ZgH5!"F!=^_]5=D=!@5!XHZ]5^_F=4!

386

! p0#!;#-'.)%#!&%0'.'%J#!&6&!3)('.<0#&!&.7G0!60!3/#0!%0&-)%'(!.0!./!F@_I!.&'.!.&!-(3%#,(!3()!./!FH_!*.0&#Q.)(!.&!.Q.-6'#,#!#! 0%2./!,.!/(&!()7#0./#&!06-/.(3)('.%-#&I!/(&!)%;(&(*#&!.0!,(0,.!&.!.0&#*;/#0!/(&!./.*.0'(&!-(0&'%'6%,(&!3()!60#!*(/+-6/#!3)('.%-#4!! 5&'#!&<0'.&%&!36.,.!&.)!,.'.0%,#!3()!#/760(&!#0'%;%8'%-(&4! ! -.",A#"@%#(i'.",%B*?)A#"@%#j( ( =(0!60#!1#*%/%#!,.!#0'%;%8'%-(&!-#)#-'.)%J#,#!3()!/#!3).&.0-%#!.0!&6!18)*6/#!,.!#*%0(#JG-#).&I!&6&'%'6%,(&!,.!,%2.)&#!1()*#I!9!P6.! -(*3).0,.0!/#!.&').3'(*%-%0#I!/#!i#0#*%-%0#I!/#!3#)(*(*%-%0#I!/#!7.0'#*%-%0#I!.'-4!](,(&!.&'(&!#0'%;%8'%-(&!-(*3()'#0! 3#)'%-6/#)*.0'.!60!).&'(!,.!.&').3'#*%0#!&6&'%'6%,(!E.&').3'%,%0#!,.!/#!.&').3'(*%-%0#A! 5&'(&!#0'%;%8'%-(&!&.!1%Q#0!&(;).!/#!1)#--%80!Mb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m').(I!.&!#-'%2(4!=.!#,*%'.!P6.!./!-/()#01.0%-(/!,.'%.0.!/#!&<0'.&%&!3)('.%-#!1%Q:0,(&.!&(;).!/#!1)#--%80!kb!=!,.! /(&!)%;(&(*#&!;#-'.)%#0(&!Efb!=A4!"(&!)%;(&(*#&!db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kb!=!,.!/(&!)%;(&(*#&4!5/!#/#)7#*%.0'(!,.!/#!-#,.0#!3)('.%-#!0(!36.,.!).#/%J#)&.!,.;%,(!#!P6.!./!&%&'.*#!0(!.&!#3)(2%&%(0#,(! ,.! #*%0(:-%,(&4! 5&'#! 60%80! .0').! ./! FH_! ,.! ')#0&1.).0-%#! 9! /(&! )%;(&(*#&! ,.3.0,.! .0! 3#)'.! ,.! /#! -(0-.0')#-%80! ,.! L7ÖÖI! 9! /#&! '.')#-%/%0#&!%0'.)2.0,)<#0!-(*3/.C:0,(&.!#!.&'.!-#'%804!! Z')(!.1.-'(!%*3()'#0'.!-(0&%&'.!.0!/#!%0$%;%-%80!,.!/(&!3)(-.&(&!(C%,#'%2(&!,#,().&!,.!.0.)7<#4!FP6
! ! ! ! ! ! ! ! ! ! ! !

387

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

LF]5HDF"5=!Z@Z_]Z"ZhDVZ=!

( ( ( L#'.)%#/.&!Z,(0'(/87%-(&!

! 5&! /#! )#*#! ,.! /#! Z,(0'(/(7<#! P6.! &.! .0-#)7#! ,./! .&'6,%(! ,.! /#&! 3)(3%.,#,.&! 9! &6! #3/%-#-%80! ,.! /(&! -(*36.&'(&!9!&6&'#0-%#&!P6.!&.!6'%/%J#0!'#0'(!.0!/#!-/<0%-#!-(*(!.0!./!/#;()#'()%(!,.0'#/! !

Z,(0'(/(7<#!X).2.0'%2#!

=.!(-63#!#0'.&!,.!P6.!#3#).J-#!/#!.01.)*.,#,!3#)#!3).2.0%)/#! !

Z,(0'(/(7<#!H.&'#6)#,()#!

=.!#3/%-#!-6#0,(!.&'#!3).&.0'.!/#!.01.)*.,#,!E-()(0#&I!;)#-i.'&I!3)8'.&%&I!.'-4A4! ! !

!"#$%&"'(@0(*'(5@%,$%*%B+'(( ! "#!Z,(0'(/(7<#!&.!%0%-%(!.0!./!#[(!Mbbb!FV!-(0!/(&!*+,%-(&!.7%3-%(&!/(&!-6#/.&!%0-)6&'#;#0!3%.,)#&! 3).-%(&#&!.0!/(&!,%.0'.&4! 50').! ./! #[(! dbb! 9! Kkbb! FV! /(&! .')6&-(&! 9! 1.0%-%(&! 6'%/%J#)(0! ;#0,#&! 9! #/#*;).&! ,.! ()(! 3#)#! /#! -(0&')6--%80!,.!3)8'.&%&!,.0'#/.&4!50!/#&!;#0,#&!&.!-(/(-#)(0!,%.0'.&!.C')#<,(&!.0!./!/67#)!,.!,%.0'.&! 1#/'#0'.&!9!-(0!/(&!#/#*;)#&!.)#0!).'.0%,(&!.0!/#!;(-#4! 388

! 50!fbb!FV!/(&!.')6&-(&!16.)(0!/(&!3)%*.)(&!.0!6'%/%J#)!*#'.)%#/!3#)#!%*3/#0'.&I!'#/.&!-(*(!*#)1%/!9!! -(0-$#&!,.!*#)4! ! "(&! *#9#&! 6'%/%J#;#0! %0-)6&'#-%(0.&! ,.! ()(I! 3%.,)#&! 3).-%(&#&! (! *%0.)#/.&! 3#)#! /#! ).&'#6)#-%80! ,.! 3%.J#&!,.0'#/.&!0(!&(/(!3()!.&'+'%-#!&%0(!'#*;%+0!3()!()0#*.0'#-%80! ! X(&'.)%()*.0'.!/(&!$%0-#&!9!/(&!#J'.-#&!'(*#)(0!/(&!*+'(,(&!,.!/(&!*#9#&!3#)#!/#!).-(0&')6--%80!,.! 3%.J#&!,.0'#/.&4! ! "#!Z,(0'(/(7<#!).&'#6)#,()#!#-'6#/!-(*%.0J#!.0!?fKd!-(0!B(6-$#),!P6.!.&!-(0&%,.)#,(!./!3#,).!,.! /#!Z,(0'(/(7<#I!./!-6#/!.&-)%;%8!60!')#'#,(!,.!2#)%(&!'%3(&!,.!).&'#6)#-%(0.&!,.0'#)%#&!$.-$#&4! ! 50!?fkc!X1#33!,.&-)%;%8!60!*+'(,(!3#)#!%*3).&%(0.&!-(0!-.)#!3#)#!,.&36+&!&.)!2#-%#,#&!-(0!9.&(4! ! 50!?fnK!V$#*#0'!6'%/%J8!60!3)(-.&(!3#)#!$#-.)!,%.0'.&!,.!3()-./#0#4! ! 50!?dbb!&.!-(*.0J#)(0!#!6'%/%J#)!/#&!%0-)6&'#-%(0.&!,.!3()-./#0#! ! 50!?d?k!&.!-(*.0J#)(0!#!6'%/%J#)!/(&!1/6()6)(&!3#)#!/#!3).2.0-%80!,.!-#)%.&! ! 50!?dNN!&.!.*3.J#)(0!#!1/6()#)!#76#&!3('#;/.&!3#)#!).,6-%)!/#&!-#)%.&4! ! B6.!$#&'#!./!&%7/(!aDa!-(0!/#!%02.0-%80!,.!/(&!3)%0-%3%(&!,.!/#!#*#/7#*#!16.!-6#0,(!.*3.J8!#!'.0.)! ;#&.&!-%.0'<1%-#&!!&(;).!/(&!*#'.)%#/.&!3)%0-%3#/*.0'.!&6)7%8!%01()*#-%80!&(;).!/#!3()-./#0#!9!./!()(! ! 50! ?dnk! g/#-i! $#-.! %02.&'%7#-%(0.&! *#&! -(*3/.'#&! P6.! $#&'#! #0'.&! &.! $#;<#0! $.-$(! &(;).! /(&! *#'.)%#/.&! ! 50!?n?n!&.!,%(!60!7)#0!#2#0-.!.0!./!-(0(-%*%.0'(!,.!/(&!*#'.)%#/.&!3()P6.!/#!#)*#,#!.&'#,(60%,.0&.! &(/%-%'(! #! /#! (1%-%0#! 0#-%(0#/! ,.! 0()*#'%2%,#,! /#! .2#/6#-%80! 9! &./.--%80! ,.! /#&! #*#/7#*#&! 3#)#! &.)! 6&#,#&!.0!/(&!&.)2%-%(&!(,(0'(/87%-(&!1.,.)#/.&! ! 50! ?nKb! =(6/,.)! 36;/%-8! 60! %01()*.! ,./! .&'6,%(! #0'.)%()I! 3(&'.)%()*.0'.! &.! ).P6%)%.)(0! 3)6.;#&! &%*%/#).&!3#)#!(')(&!*#'.)%#/.&!,.0'#/.&! ! 50! ?nKd! /#! (1%-%0#! 0#-%(0#/! ,.! 0()*#&! &.! %0'.7)#! #! /#! #&(-%#-%80! ,.0'#/! #*.)%-#0#! EF@FA! 9! .&'(! 3.)*%'%8!/#!()7#0%J#-%80!,.!/(&!3)%*.)(&!-(0&.0&(&!&(;).!/(&!*#'.)%#/.&!,.0'#/.&!.0!5&'#,(&!p0%,(&!9! .0!'(,(!./!*60,(4!@.&,.!.0'(0-.&!/#!F@F!Q60'(!-(0!/#&!#&(-%#-%(0.&!,.!-#,#!3#<&!&.!-(*3)(*.'.0! .0!%02.&'%7#)!/#&!-#)#-'.)<&'%-#&!1<&%-#&!9!P6<*%-#&!,.!/#&!&6&'#0-%#&!P6.!&.!6�I!#&
23S4L;SL4-(12(6-(7-S249-( ( (

7%*^)?*'(

! 5&!/#!60%,#,!*#&!3.P6.[#!,.!60#!&6&'#0-%#!P6.!'%.0.!/#&!3)(3%.,#,.&!,.!.&'#!-6#0,(!&.!3(0.!Q60'(!#! (')#&!*(/+-6/#&!,.!/#!*%&*#!-/#&.4!X()!.Q.*3/(!/#!&#/I!./!#JG-#)!9!/(&!*%0.)#/.&! ! 389

<$%.%(

! p0%,#,!.&')6-'6)#/!,.!60#!*(/+-6/#!1()*#,(!3()!0.6')(0.&I!./.-')(0.&!9!3)('(0.&4! ! !

23S-153(12(6-(7-S249-( (

x x x

! !

=8/%,(&4m!]%.0.!1()*#!9!2(/6*.0!3)(3%(4!=6&!*(/+-6/#&!.&':0!1%Q#&!.0').!&
V#*;%(&!,.!.&'#,(!,.!/#!*#'.)%#! !

3A*"@%('(6+O?"@%(o(>?#"A,( ! 5&!./!#6*.0'(!,.!/#!'.*3.)#'6)#!P6.!3)(2(-#!./!)(*3%*%.0'(!,.!/#!3(&%-%80!,.!/#&!*(/+-6/#&! !

6+O?"@%('(3A*"@%(o(3%*"@"E")')"A,(

! 5&!/#!,%&*%06-%80!.0!/#!'.*3.)#'6)#!P6.!3)(2(-#!P6.!/#!.0.)7<#!-%0+'%-#!.0').!/#&!*(/+-6/#&!,%&*%069#! $#&'#!&.)!&63.)#,#!3()!#/!16.)J#!,.!-($.&%80! !

3A*"@%('(/'#(o(3?C*".')"A,(

! 5/!=8/%,(!0(!3#&#!#!/#!1#&.!/
6+O?"@%('(/'#(o(2G'F%&')"A,(

! =.! /%-6#! -(0! 60#! '.*3.)#'6)#! #3)(C%*#,#*.0'.! ,.! ?bbj! V! P6.! 3)(2(-#! P6.! #6*.0'.! /#! .0.)7<#! -%0+'%-#!%0'.))6*3%.0,(!/#!3(&%-%80!,.!/(&!:'(*(&! !

/'#('(6+O?"@%(o(;%,@0,#')"A,(

! 5&!/#!,%&*%06-%80!.0!/#!'.*3.)#'6)#!,.!.;6//%-%80!P6.!3)(2(-#!/#!,%&*%06-%80!.0!/#!.0.)7<#!-%0+'%-#! ! ! !

3%*?)"A,(

5&!/#!*.J-/#!,.!,(&!&6&'#0-%#&!P6.!3.)*#0.-.0!.0!60!.&'#,(!$(*(7+0.(! !

40#"#$0,)"'(

5&!/#!-#0'%,#,!,.!.0.)7<#!#;&();%,#!-6#0,(!&.!&(*.'.!#!60!-6.)3(!#!60#!'.0&%80!&%0!.C-.,.)!&6!/%*%'.! 3)(3()-%(0#/! !

2*'#$")"@'@( 390

5&!/#!3)(3%.,#,!,.!#/760(&!-6.)3(&!P6.!-(0&%&'.!.0!1()*#)&.!;#Q(!/#!#3/%-#-%80!,.!#/760#!-#)7#!3.)(! P6.!).-63.)#!&6!1()*#!()%7%0#/!#/!-.&#)!,%-$#!-#)7#! !

6"."$0(Y&%F%&)"%,'*(

5&! /#! *#9()! '.0&%80! P6.! 36.,.! %0,6-%)&.! #/! *#'.)%#/! &%0! P6.! .0! +/! &.! 3)(,6J-#! 60#! ,.1()*#-%80! 3.)*#0.0'.! !

6"."$0(2*H#$")%(

5&!/#!*#9()!'.0&%80!P6.!36.,.!&(&'.0.)!./!*#'.)%#/!P6.!,.Q.!,.!-6*3/%)&.!9!/#!3)(3()-%(0#/%,#,!.0').! /#!,.1()*#-%80!9!/#!'.0&%80! !

60P(@0(!%%v(

"#!'.0&%80!.&!,%).-'#*.0'.!3)(3()-%(0#/!#!/#!,.1()*#-%80!3.)*#0.0'.!(!3/:&'%-#!-6#0,(!&.!#3/%-#!60#! -#)7#!*#&!#//:!,./!/%*%'.!./:&'%-(4!"#!.&')6-'6)#!0(!).-63.)#!&6!1()*#!(!'#*#[(!()%7%0#/! !

>&')$?&'(

5&!/#!&.3#)#-%80!3.)*#0.0'.!,.!/(&!:'(*(&!-6#0,(!60#!'.0&%80!.C-.,.!/#!16.)J#!).&6/'#0'.! !

S0,#"A,(

5&!/#!16.)J#!%0'.)%()!,.!60!-6.)3(!P6.!).&%,.!60#!16.)J#!.C'.)0#!(!-#)7#4!=.!,%2%,.!.0>! ! - V(*3).&%2#4m!5&!/#!P6.!&.!.1.-'G#!-6#0,(! - ])#--%(0#/4m!!5&!/#!-(0')#)%#!#!/#!-(*3).&%2#! - ]#07.0-%#/4m!=.!$#-.!60#!3).&%80!,.!60!3/#0(!9!&.!7%)#! - V(*3/.Q#4m!-(*;%0#-%80!,.!/#&!').&!#0'.)%().&! ! H.&%&'.0-%#!"%0.#/! 5&!/#!*:C%*#!).'.0-%80!).P6.)%,#!3#)#!1)#-'6)#)!60#!.&')6-'6)#! !

2#)?&&"."0,$%(

X)(3%.,#,!,.!/(&!*#'.)%#/.&!,.!,.1()*#)&.!&%0!P6.!#6*.0'.!/#!*#70%'6,!,.!/#!16.)J#!#3/%-#,#! !

-$&"))"A,(

5&!./!,.&7#&'.!1%&%(/87%-(!,.!/(&!,%.0'.&! !

2*%,B')"A,(

X)(3%.,#,!,.!/(&!*#'.)%#/.&!P6.!-(0&%&'.!.0!.&'%)#)&.!.0!&6!&63.)1%-%.! !

1?)$"C"*"@'@(

V#3#-%,#,!P6.!'%.0.!./!*#'.)%#/!,.!).&%&'%)!60#!-#)7#!-(*3).&%2#I!/#!1()*#!3.)*#0.0'.!&%0!1)#-'6)#)&.I! 36,%+0,(&.!/#*%0#)I!$#&'#!.&3.&().&!*69!,./7#,(&! !

>&'B"*"@'@(

X)(3%.,#,!P6.!'%.0.0!/(&!*#'.)%#/.&!,.!&.)!,6)(&I!3.)(!1:-%/*.0'.!1):7%/.&! !

1?&0c'(

5&!/#!).&%&'.0-%#!#!/#!3.0.')#-%80! ! ! ! 391

! !

7'$0&"'*0#(@0(9.F&0#"A,( ( 5&! 60#! -(3%#! ,./! 0.7#'%2(! ,.! /(&! ,.0'#/.&! 9! /(&! '.Q%,(&I! ).#/%J#,(&! 3()! 60! *#'.)%#/! P6.! .0')#! .0! -(0'#-'(!%0'%*(!-(0!/(&!'.Q%,(&!-(0!/(&!P6.!/#;()#I!.&!-(/(-#,(!.0!60!).-%3%.0'.!#,.-6#,(!//#*#,(! 3()'#!%*3).&%(0.&!8!-6;.'#!8!!-6-$#)%//#!!3#)#!&.)!//.2#,(!#!/#!;(-#!,./!3#-%.0'.! ! V(0!.C-.3-%80!,.!/#&!(;'6)#-%(0.&!,%).-'#&I!.&!0.-.&#)%#!60#!;6.0#!%*3).&%80! !

;%,@")"%,0#(O?0(@0C0(@0($0,0&(0*(.'$0&"'*(@0(".F&0#"A,("@0'*( !

?A KA MA NA kA cA

5C#-'%'6,!9!B%,./%,#,! W6.!0(!'.07#!-(0&'%'69.0'.&!%))%'#;/.&!(!'8C%-(&! W6.!0(!3(&.#!(/()I!0%!&#;()!,.)#,#;/.&! W6.!&.#0!1:-%/.&!,.!6&#)! @.!).&%&'.0-%#!#,.-6#,#!3#)#!0(!)(*3.)&.!0%!,%&'()&%(0#)&.!#/!&.)!).*(2%,(&!,.!/#!;(-#! W6.!0(!/.&!#1.-'.!/#!'.*3.)#'6)#!,.!/#!-#2%,#,!()#/!

! !

;*'#"E")')"A,(@0(*%#(.'$0&"'*0#(@0(".F&0#"A,( ! =.!;#&#!.0!./!.&'#,(!1<&%-(!P6.!76#),#!./!*#'.)%#/!,.&36+&!,.!$#;.)!&%,#!(;'.0%,#!/#!%*3).&%80I!9!&.! ,%2%,.!.0>! ! #A 5/:&'%-(&! #4 O%,)(-(/(%,.&!H.2.)&%;/.&! ;4 O%,)(-(/(%,.&!D)).2.)&%;/.&! -4 O6/.&!,.!X(/%&6/16)(! ,4 =%/%-80! ;A H<7%,(&! #4 o.&(&! ;4 V(*36.&'(&! y%0P6.08/%-(&! E&(/(! &.! 6�! -6#0,(! $#9! ).'.0-%80! .0! 3#-%.0'.&! ,.&,.0'#,(&A! -A ].)*(3/:&'%-(&! #4 L(,./%0#&! ;4 V.)#&! ! !

L#'.)%#/.&!5/:&'%-(&! !

!"@&%)%*%"@0#(9&&0G0&#"C*0#(

=.!/.!,#!./!0(*;).!,.!-(/(%,.!#!60#!&(/6-%80!.0!/#!P6.!/#&!60%,#,.&!P6.!/#!1()*#0!&(0!&61%-%.0'.*.0'.! 7)#0,.&!-(*(!3#)#!0(!,%#/%J#)!#!')#2+&!,.!60#!*.*;)#0#4! ! "#&!60%,#,.&!P6.!1()*#0!./!&(/6'(!&.!/.&!,.0(*%0#!B#&.!@%&3.)&#! ! "#&!P6.!%0'.)2%.0.0!.0!./!&(/2.0'.!&.!/.&!-(0(-.!-(*(!L.,%(!@%&3.)�'.! ! 392

"#!1#&.!,%&3.)&#!'%.0.!./!*%&*(!.&'#,(!1<&%-(!P6.!./!/! ! g.'#!}!@!}!L(/6)80%-(! ! F,.*:&!.&!,.!#/'(!3.&(!*(/.-6/#)I!/#&!3)(3()-%(0.&!&(0>! F/7%0#'(!,.!=(,%(! ?Kq! =6/1#'(!,.!V#/-%(! ?Kq! ]%.))#!,.!@%#'(*.#&! fbq!#!fkq!EH.//.0(!,./!-6.)3(A! B(&1#'(!])%&8,%-(! kq!E).'#),#,()A! =6/1#'(!,.!y%0-! ?4Kq! ! 5/!&6/1#'(!,.!-#/-%(!).#--%(0#!-(0!./!#/7%0#'(!,.!&(,%(!1()*#0,(!60!#/7%0#'(!,.!-#/-%(!%0&(/6;/.4! ! 5/!1(&1#'(!')%&8,%-(!&.!6'%/%J#!-(*(!).'#),#,()!,.!/#!).#--%80!P6<*%-#!.0').!./!#/7%0#'(!9!./!&6/1#'(4! ! "#!'%.))#!,.!@%#'(*.#&!'%.0.!160-%80!,.!*#'.)%#/!,.!).//.0(!3#)#!#6*.0'#)!/#!).&%&'.0-%#!,./!7./4! ! 5/!&6/1#'(!,.!y%0-!.&!60#!&(/6-%80!.0,6).-.,()! !

S^),")'(@0(.0c)*'@%(@0*(-*B",'$%(

! "#!)./#-%80!,.!3(/2(!9!#76#!,.;.!&.)!,.!d!h)4!@.!3(/2(!9!?d!L/4!@.!#76#4! ! p0#!2.J!(;'.0%,#&!/#&!*.,%,#&!&.!-(/(-#0!.0!/#!'#J#!,.!$6/.!./!3(/2(!9!&.!/.!#7).7#!./!#76#4!5/!'%.*3(! ,.!*.J-/#,(!0(!,.;.):!,.!&.)!*.0()!,.!Mb!&.760,(&!0%!*#9()!,.!?!*%06'(!,.;%+0,(&.!,.!(;'.0.)!.0! .&'.!'%.*3(!60#!*.J-/#!'.)&#!9!$(*(7+0.#! ! 5/!.&3#'6/#,(!,.;.):!,.!$#-.)&.!-(0')#!/#&!3#).,.&!,.!/#!'#J#4! !

S"0.F%(@0(/0*')"A,( !

393

5&! ./! '%.*3(! .0').! ./! .&3#'6/#,(! 9! ./! .0,6).-%*%.0'(! ,./! *#'.)%#/! P6.! 0(! ,.;.):! &.)! *.0()! ,.! M! *%06'(&!0%!*#9()!,.!f!*%06'(&! !

S"0.F%(@0(40$"&'&*%(@0(*'(8%)'(

! V/<0%-#*.0'.!&.!(;&.)2#!-6#0,(!/#!*.J-/#!,.Q#!,.!&.)!3.7#Q(!O#;%+0,(&.!(;'.0%,(!/#!*.J-/#!,./! #/7%0#'(! &.! //.2#0! #/! 3()'#! %*3).&%(0.&! ./! -6#/! &.! //.2#):! #! /#! ;(-#! ,./! 3#-%.0'.! ,(0,.! ,.;.):! ,.! 3.)*#0.-.)!$#&'#!P6.!/#!*.J-/#!&.!.0,6).J-#4! ! 5/!'%.*3(!,.!7./#-%80!,.3.0,.!,.444! ! ?A =%!&.!-(/(-#!*#9()!-#0'%,#,!,.!#76#!#6*.0'#!./!'%.*3(!,.!7./#-%80!3.)(!&.!,.;%/%'#!./!7./! KA p'%/%J#0,(!#76#!1)<#!'#*;%+0!#6*.0'#!./!'%.*3(!,.!7./#-%80!3.)(!/#!*.J-/#!).&6/'#!,.*#&%#,(! 1):7%/! !

1"#.",?)"A,(0,(0*($"0.F%(@0(B0*')"A,( !

! !

?A V6#0,(! &.! .*3/.#! *.0(&! #76#! ,.! /#! %0,%-#,#! ./! '%.*3(! ,.! 7./#-%80! ,%&*%069.! 3.)(! /#&! ).#--%(0.&!P6<*%-#&!0(!&.!//.2#0!#!-#;(!-()).-'#*.0'.! KA p�,(!#76#!'%;%#!/#!7./#-%80!&.!.1.-'G#!*#&!):3%,#*.0'.I!.&'(!0(!.&!#-(0&.Q#;/.I!G0%-#*.0'.! /(!6&#).*(&!.0!3#-%.0'.&!P6.!0(!'(/.)#0!/#!3#&'#!

7'$0&"'*( !

!

?A =./.--%80!,./!3()'#!%*3).&%804m!=.!,.;.):!'(*#)!.0!-6.0'#I!./!'#*#[(!,.!/#!-#)#!,./!3#-%.0'.4! @.;.):!,.!.0')#)!.0!/#!;(-#!&(0!/#&'%*#)!/(&!'.Q%,(&!;/#0,(&!9!#/(Q#):!/(&!,%.0'.&!&%0!'(-#)/(&! KA X).3#)#-%80!,.!/#!*.J-/#4m!=.!-(/(-#0!/#&!3()-%(0.&!#,.-6#,#&!,.!#76#!9!3(/2(!9!&.!.&3#'6/#):! -(0')#!/#&!3#).,.&!,.!/#!'#J#!,.!$6/.! MA X()!*.,%(!,.!/#!.&3:'6/#4m!=.!')#0&3()'#!/#!*.J-/#!#/!3()'#!%*3).&%(0.&!9!&.!//.2#!#!/#!;(-#!9!&.! 3).&%(0#):!1%)*.*.0'.!$#&'#!P6.!./!*#'.)%#/!$#9#!7./%1%-#,(!

L#%#( x x x x

50!()'(,(0-%#!3#)#!*(,./(&!,.!.&'6,%(! 50!3)8'.&%&!9!(3.)#'()%#!3#)#!%*3).&%(0.&!.0!#0'#7(0%&'#&! 50!3)8'.&%&!3#)-%#/!).*(2%;/.&I!3#)#!&6!./#;()#-%80! 50!3)(&'(,(0-%#!3#)#!%*3).&%(0.&!3)%*#)%#&!

! !

Z2353(12=S-623( ( 5/!9.&(!.&!60!./.*.0'(!,.)%2#,(!,./!7%3&(!P6.!P6<*%-#*.0'.!-()).&3(0,.!#>! ! VK=ZN!Ö!KOKZ! @%$%,)#'(!,.!=6/1#'(!,.!V#/-%(! ! F/!&(*.'.)/(!#/!-#/()!3%.),.!#76#! ! !

S"F%#(@0(Z0#%#(.H#(?$"*"c'@%#( 394

!

x x x

o.&(!X#)%&!Eg.'#A4m!]#*;%+0!//#*#,(!9.&(!;/#0-(!P6.!&.!(;'%.0.!-#/-%0#0,(!./!7%3&(!#!??bj!V! 9!&6&!-)%&'#/.&!&(0!3()(&(&I!3.P6.[(&!.!%)).76/#).&4!5&!./!'%3(!,.!9.&(!*#&!;/#0,(!9!&.!6'%/%J#! 3#)#!./!2#-%#,(!,.!*(,./(&!,.!.&'6,%(!9!'%.0.!60#!16.)J#!,.!Nkb!Å74!X()!-.0'<*.')(!-6#,)#,(! o.&(!X%.,)#!(!V(.-#/!EF/1#!?A4m!=.!(;'%.0.!-#/-%0#0,(!./!7%3&(!#!?Mbj!V!9!&(&'.0%.0,(!#!2#3()! ,.!3).&%80!&6&!-)%&'#/.&4!=(0!,.!1()*#!)(*;(%,#/!9!3).&.0'#0!60#!*.0()!3()(&%,#,!9!).&%&'.! #))%;#!,.!/(&!Nkb!Å74!X()!-.0'<*.')(!-6#,)#,(! o.&(! @.0&%'#4m! =.! (;'%.0.! -#/-%0#0,(! ./! 7%3&(! #! ?Nbj! V! ).&6/'#0,(! 60! 3)(,6-'(! ,.! -)%&'#/.&! '.0&(&I! -6;%'(&! 9! *#&! 7)#0,.&! P6.! /(&! #0'.)%().&4! 5&! ./! 9.&(! *#&! ,6)(! 6'%/%J#,(! .0! /#! Z,(0'(/(7<#!9!).&%&'.!fkb!Å74!X()!-.0'<*.')(!-6#,)#,(!

! L#0%36/#-%80!,.!o.&(&! ! ?A X#)#!(;'.0.)!06.&')(&!*(,./(&!'.0.*(&!3)%*.)(!P6.!*.J-/#)I!$#&'#!(;'.0.)!60#!*.J-/#! ,.! -(0&%&'.0-%#!-).*(&#!-(0!/#!P6.!2#-%#).*(&!06.&')#!%*3).&%804!X#)#!.&'(!,.;.).*(&!*.,%)!9! 3.&#)!./!#76#!9!./!3(/2(4!"#!-#0'%,#,!,.!3(/2(!P6.!&.!,.;.):!,.!#7).7#)!2#)<#!&.7G0!./!'%3(!,.! 9.&(I!3#)#!./!9.&(!g.'#!&.):!,.!?bb!h)4!@.!3(/2(!&(;).!Kk!-.0'<*.')(&!-G;%-(&!,.!#76#4!X#)#! ./!9.&(!3%.,)#!(!F/1#!?!&.):!,.!?bb!h)4!@.!X(/2(!3()!Kb!8!KK!-.0'<*.')(&!-G;%-(&!,.!#76#! ! _('#>!!F!*#9()!-#0'%,#,!,.!F76#!*.0()!).&%&'.0-%#! ! KA =.):!#7).7#)!#76#!.0!/#!'#J#!,.!$6/.!9!&.!#7).7#):!3(/2(! MA =.! .&3#'6/#):! )%76)(&#*.0'.! ,6)#0'.! 60! *%06'(! $#&'#! (;'.0.)! 60#! *.J-/#! $(*(7+0.#! 9! &%0! 7)6*(&! NA Z;'.0%,#! /#! *.J-/#! &.! -(/(-#! ./! 3()'#! %*3).&%(0.&! .0! 60! 2%;)#,()! 9! &.! //.2#! ./! 9.&(! #! /#&! -#2%,#,.&!,.!/#!%*3).&%80!$#&'#!P6.!0(!&#/7#0!;6);6Q#&!,.!#%).! k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x =6/1#'(!,.!X('#&%(4m!!.0!;#Q#&!-(0-.0')#-%(0.&!,.!Mq!#!Nq! x V/()6)(!,.!=(,%(4m!#/!kq!&.!6'%/%J#!-(*(!#-./.)#,()!,./!'%.*3(!,.!1)#76#,(!9!#/!Kbq!-(*(! ).'#),#,()! x =6/1#'(!,.!=(,%(4m!=.!6'%/%J#!#/!Mq!-(*(!#-./.)#,()!9!#/!?Kq!-(*(!).'#),#,()! ! !

40)%&$'@%(@0(7%@0*%#( !

395

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

Y*',%#(Y%#$0&"%&0#( ! =.! ).-()'#0! '(*#0,(! -(*(! 76<#! /#&! &63.)1%-%.&! 2.&'%;6/#).&! ,.! /(&! ,%.0'.&! (! ,./! 3)(-.&(! P6.! -()).&3(0,.!#!/(&!3%.J#&!3(&'.)%().&!

! !

! NA B%0#/*.0'.!&.!).-()'#):!/#!3#)'.!#0'.)%()!,.!/(&!*(,./(&I!./!*(,./(!&63.)%()!&.!/.!*#)-#):!60! 360'(!$#-%#!16.)#!,.!/#!&63.)1%-%.!2.&'%;6/#)!,./!*(,./(4!F!3#)'%)!,.!.&'.!360'(!,%)%7%).*(&!K! /<0.#&!/%7.)#*.0'.!%0-/%0#,#&!P6.!'.)*%0#):0!#/!0%2./!,.!/#!3#)'.!*.,%#!,./!-#0%0(!9!.&'(!0(&! &.)2%):!-(*(!76<#!3#)#!./!-()'.! ! 50!./!*(,./(!%01.)%()!3)(-.,.).*(&!,.!/#!*%&*#!1()*#!-(0!/#!G0%-#!,%1.).0-%#!,.!P6.!./!-()'.! #0'.)%()!/(!).#/%J#*(&!&%76%.0,(!60#!/<0.#!-6)2#!

!"@&%)%*%"@0#(40G0&#"C*0#( ( =(0!*#'.)%#/.&!,.!%*3).&%80!3/:&'%-(&!-69#!).#--%80!.&!).2.)&%;/.I!&.!3).&.0'#0!.0!1()*#!,.!7./#'%0#! P6.!#/!-#/.0'#)&.!.0').!?Nbj!!9!?cbj!B!&.!).;/#0,.-.!9!3.)*%'.!'(*#)!60#!%*3).&%80!).7).�,(!#!&6! .&'#,(!,.!7./4! F7#)!F7#)! ?N4Mq! F76#! dM4kq! =6/1#'(!,.!X('#&%( Kq! g8)#C! Kq! ! 5/! F7#)! F7#)! .&! 60! -(/(%,.! ()7:0%-(! ,.! ()%7.0! *#)%0(! P6.! -()).&3(0,.! #! 60! +'.)! &6/1G)%-(! ,.! 60! 3(/<*.)(!/%0.#/!,.!/#!7#/#-'(&#!EF/!-/($#C(&#!*(0(&#-:)%,#A! !

S^),")'(F'&'(*'(".F&0#"A,(@0(T"@&%)%*%"@0#(&0G0&#"C*0#( !

!

?A X#)#!/%-6#)!./!*#'.)%#/I!&.!-(/(-#!./!F7#)!.0!60#!;(/&#!,.!3/:&'%-(I!&.!//.2#!#!60!).-%3%.0'.!P6.! -(0'.07#! #76#! $%)2%.0,(! 9! &.! ,.Q#):! ,.! d! #! ?K! *%06'(&4! X6,%+0,(&.! 6'%/%J#)! ,.&36+&! -(*(! *#'.)%#/!,.!%*3).&%80! KA p0#!2.J!/%-6#,(!&.!-(/(-#!./!*#'.)%#/!,.!%*3).&%80!.0!60!3()'#!%*3).&%80!9!&.!//.2#!#/!/67#)! 3()!%*3).&%(0#)!,.!/#!*%&*#!*#0.)#!P6.!./!#/7%0#'(!

L#%#( ! 396

"(&! $%,)(-(/(%,.&! ).2.)&%;/.&! &(0! 6'%/%J#,(&! 3#)#! ,63/%-#)! *(,./(&! ,.! ')#;#Q(! 9#! P6.! 3()! &.)! 60! *#'.)%#/!).2.)&%;/.I!&.!36.,.0!6'%/%J#)!2#)%#&!2.-.&I!.0!.&'.!-#&(!./!F7#)I!2%.0.!.0!1()*#!,.!;#))#!P6.! &.! ,#! .0! 3.P6.[#&! 3()-%(0.&4! =.! -(/(-#! .0! #76#! $%)2%.0,(! 3#)#! (;'.0.)! 60! 7./! P6.! &.):! 6'%/%J#,(! ,.&36+&!,.!%*3).&%(0#)!*(,./(&!3()!,63/%-#,(4! ! !

!?*0#(@0(3"*")A,( ( "(&! *#'.)%#/.&! #! ,.! %*3).&%80! #! ;#&.! ,.! &%/%-80! .&':0! 1#;)%-#,(&! .0! X(/%,%*.'%/! &%/#C#0(! 9! X(/%.'%/! =%/%-#'(4! ! 5&'(&! -(*36.&'(&! &(0! /
S^),")'(

! =.!.*3/.#!60#!Q.)%07#!3#)#!$6/.&!.0!-#&(!,.!P6.!/#!;#&.!9!./!#-./.)#,()!2.07#!.0!1()*#!,.!3#&'#I!/#! *.J-/#!&.!.1.-'6#):!3()!*.,%(!,.!60#!.&3:'6/#!-(0!/#!P6.!;#'%).*(&!$#&'#!./%*%0#)!/#&!;.'#&!P6.!&.! 36.,#0! -).#)I! .&! ,.-%)I! /(7)#)! 60#! *.J-/#! $(*(7+0.#4! =.! &.76%):0! 3#)#! /(&! &%76%.0'.&! *#'.)%#/.&! /#&! %0,%-#-%(0.&!).-(*.0,#,#&!3()!./!1#;)%-#0'.!9#!P6.!&.!6'%/%J#0!,%1.).0'.&!1()*#&!,.!3).&.0'#-%80! ! "#!*.J-/#!&.!$#-.!-(0!*(2%*%.0'(&!-%)-6/#).&!$#&'#!%0-/6%)!'(,(!./!*#'.)%#/4! !

S"0.F%(@0(>&'B?'@%(%(Y%*".0&"c')"A,( ! 5&!,.!M4k!*%06'(&! !

S"0.F%(@0(S&'C'\%( ! 5&!,.!f4k!*%06'(&! ! !

!?*0#(@0(Y%*"#?*E?&%( ( =(0!-(*36.&'(&!./:&'%-(&!&%*%/#).&!#/!-#6-$(!9!&(0!$%,)81(;(&4!"(&!$6/.&!.0!7.0.)#/!&(0!/(&!*.Q().&! *#'.)%#/.&!3#)#!%*3).&%(0.&!9#!P6.!36.,.0!&.)!6'%/%J#,(&!3#)#!-6#/P6%.)!-/#&.!,.!%*3).&%(0.&4! ! X#)#!(;'.0.)!./!*#'.)%#/!,.!%*3).&%80!#!;#&.!,.!3(/%&6/16)(!&.!2#0!#!*.J-/#)!,(&!,%1.).0'.&!3#&'#&`!#! 60#!&.!/.!-(0(-.!!-(*(!;#&.!9!#!/#!(')#!-(*(!-#'#/%J#,()4! !

;%.F%#")"A,(@0(*'(8'#0( !

X#&'#!g/#0-#!,.!X(/%&6/16)(! dbq! ZC%,(!,.!y%0-! Nq! =6/1#'(!,.!V#/-%(! ?kq! 397

@%8C%,(!,.!]%'#0%(!

?q!

!

;%.F%#")"A,(@0*(;'$'*"c'@%&( !

X.)8C%,(!,.!X/(*(! FJ61).! F-.%'.!,.!V#&'()!

ff4fq! M4kq! ?dq!

! !

10#G0,$'\'#( x x x x

Z/()!,.)#,#;/.!EFJ61).A! V(/()!,.)#,#;/.!EV#1+A! L#0-$#,(!X.)*#0.0'.! F/'(!-(&'(!

! 5/!#7.0'.!(C%,#0'.!9!./!-#'#/%J#,()!.&!./!3.)8C%,(!,.!3/(*(!9!,.!-(/()!-#1+!0.7)6&-(4! ! 5/!3(/<*.)(!,.!&6/16)(!.&!,%)%7%,(!3.)(!&.!/.!#7).7#!(C%,(!,.!J%0-!9!,%8C%,(!,.!'%'#0%(!3#)#!3).&.0'#)/(! .0!1()*#!,.!3#&'#4! ! 5/!&
7',"F?*')"A,(@0(*%#(T?*0#(@0(Y%*"#?*E?&%(

! "#!'+-0%-#!3#)#!60#!%*3).&%80!3()!*.,%(!,.!$6/.&!,.!3(/%&6/16)(!&.!).P6%.).!,.!60#!,(;/.!%*3).&%80I! /#!3)%*.)#!%*3).&%80!&.):!60#!%*3).&%80!%0,%2%,6#/!,./!3#-%.0'.!9!/#!&.760,#!&.):!60#!).-'%1%-#-%80!.0! /#!P6.!&.!-6*3/%):!./!.060-%#,(!P6.!,%-.>! R50').!*.0()!-#0'%,#,!,.!*#'.)%#/!P6.!.C%&'#!.0!./!3()'#!%*3).&%80!*.Q()!&.):!/#!%*3).&%80U! ! ?A 51.-'6#)!60#!*.J-/#!,.!#-)
398

!

cA =(;).! 60#! /(&.'#! 7)#,6#,#! &.! 3(0.0! -#0'%,#,.&! %76#/.&! ,.! ;#&.! 9! -#'#/%J#,()! ,.! $6/.&! ,.! 3(/%&6/16)(4! V6#0,(! &.! .*3/.#! .&'.! *#'.)%#/! E3#&'#! }! ;#&.A! &.):! ,.! -(/()! ;/#0-(! 9! /#! 3#&'#! -#'#/%J#,()#!&.):!,.!-(/()!-#1+! fA V(0!/#!.&3:'6/#!&.!%*3).70#!/#!3#&'#!;/#0-#!.0!'(,#!/#!&63.)1%-%.!,.!.&'#I!3#)#!P6.!&.#!*#&!1:-%/! /#!/%*3%.J#!3(&'.)%()!,.!/#!.&3:'6/#!&.!60.0!#*;#&!3#&'#&I!&.!*.J-/#0!.0!1()*#!-%)-6/#)!$#&'#! P6.!0(!#3#).J-#0!;.'#&!.0!./!*#'.)%#/! dA =.!//.2#!#!/#!Q.)%07#!3#)#!$6/.&I!/#!3()-%80!,.!/#!*.J-/#!9!./!&(;)#0'.!&.!,.3(&%'#!.0!./!3()'#! %*3).&%80!%0,%2%,6#/I!&.!//.2#!#!/#!Q.)%07#!#!/#!J(0#!,(0,.!&.!.0-6.0').!./!:076/(!*6.)'(!9!&.! ,.3(&%'#!./!*#'.)%#/!&%76%.0,(!60#!,%).--%80!,.!1(0,(!#!/#!&63.)1%-%.!

7-S249-623(S2475Y6<3S9;53( (

7%@0*",'#(

! "#&!*(,./%0#&!.&':0!-/#&%1%-#,#&!-(*(!*#'.)%#/!3/:&'%-(&!3#)#!%*3).&%80!3()!*.,%(!,.!-#/()4!]#*;%+0! &.!/.&!-(0(-.!-(0!./!0(*;).!,.!-(*36.&'(&!3#)#!*(,./#)!9!&(0!6'%/%J#,(&!.0!3)8'.&%&!'('#/.&!9!.0!/#! (;'.0-%80!,.!%*3).&%(0.&!%0,%2%,6#/.&!3#)#!/#!).&'#6)#-%804! ! "#&!*(,./%0#&!&(0!*#'.)%#/.&!'.)*(3/:&'%-(&!9!3()!/(!'#0'(!,.;.0!).;/#0,.-.)&.!3()!*.,%(!,.!16.0'.&! -#/()<1%-#&!-(*(!/#!1/#*#!,%).-'#!(!./!#76#!-#/%.0'.4! ! "#&!*(,./%0#&!&.!,%2%,.0!.0>! ! ?A L(,./%0#&! 3#)#! %*3).&%80! 3)%*#)%#4m! =.! 6�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m! V(*.)-%#/*.0'.! &.! 3).&.0'#0! .0! ;#))#&! -%/<0,)%-#&! ,.! -(/()! 2.),.! 9! )(Q(! 3#)#! ,%&'%076%)! ./! 7)#,(!,.!16&%804!X#)#!(;'.0.)!%*3).&%(0.&!%0,%2%,6#/.&!&.!-(/(-#!/#!*(,./%0#!.0!60!#0%//(!,.! ;)(0-.!8!,.!-(;).!3).2%#*.0'.!3.&'(0.#,(!P6.!0(&!&%)2.!,.!3()'#!%*3).&%80I!&.!).;/#0,.-.!/#! *(,./%0#! #! 3/#0(! ,%).-'(! 9! &.! //.2#! #! /#! &63.)1%-%.! 3()! %*3).&%(0#)4! p0#! 2.J! &(/%,%1%-#,#! 0(! ,.;.!,.!$#;.)!,.1()*#-%80!9!,.;.!&.)!&61%-%.0'.*.0'.!./:&'%-(!3#)#!&.)!).'%)#,(!&%0!,%&'()&%80! ! p0! 3)(;/.*#! %0.2%'#;/.! .&! ./! -#*;%(! '+)*%-(! 0()*#/! P6.! &.! 3).&.0'#! #/! //.2#)! /#! *(,./%0#! #! /#! '.*3.)#'6)#! ,.! /#! ;(-#! #/! *.,%(! #*;%.0'.I! 3()! /(! P6.! &.! ).-(*%.0,#! 2#-%#)! /#! %*3).&%80! /(! *#&! 3)(0'(!3(&%;/.! ! ]#*;%+0!,.;.!,.!.2%'#)&.!).'%)#)!,.*#&%#,(!):3%,(!/#!%*3).&%80!,.;%,(!#!P6.!/#!&63.)1%-%.!36,(!$#;.)! .0,6).-%,(!3.)(!/#!3#)'.!%0'.)0.!#G0!0(I!/(!P6.!3)(2(-#):!/#!,.1()*#-%804!! ! =%!60#!*(,./%0#!$6*.#!#/!-#/.0'#)&.!P6%.).!,.-%)!P6.!_Z!&%)2.4! !

40O?"#"$%#(O?0(@0C0,()?.F*"&(*'#(.%@0*",'#( !

?A =.)!$(*(7+0.#&!9!,.!#3#)%.0-%#!7/#&.#,#!E'.)&#I!/%&#I!2%,)%(!#/!&.)!3#&#,#!3()!/#!1/#*#A! KA @.;.!,.!.&'#)!/%;).!,.!%))%'#0'.&!(!2.0.0(&! MA @.;.!,.!.0,6).-.)!#!/#!'.*3.)#'6)#!,.!/#!;(-#! 399

! !

NA kA cA fA

@.;.0!,.!&.)!3/:&'%-#&!#!60#!'.*3.)#'6)#!).&%&'%;/.!3#)#!/(&!'.Q%,(&!;6-#/.&! "#!'.*3.)#'6)#!#!/#!-6#/!,.;.!,.!).;/#0,.-.)!&%0!/.&%(0#)!&.):!#!/(&!Nkj!V! g#Q#!-(0,6-'%2%,#,I!,.;.):!&.)!60!.01)%#*%.0'(!60%1()*.! "#!*(,./%0#!,.;.!&.)!-($.&%2#!9!0(!#,$.&%2#!

7-S249-623(12(58SL4-;9:=( (

Mj(S0.F%&'*0#( ( #A L.,%-#,(&>! %4 O%,)8C%,(!,.!V#/-%(!E@9-#/A! %%4 ZC%,(!,.!y%0-!9!567.0(/!Ey(.A! ;A _(!L.,%-#,(&! %4 V.*.0'(!,.!B(&1#'(!,.!y%0-! %%4 V.*.0'(!,.!X(/%-#);(C%/#'(!

Qj(30."F0&.',0,$0#( ( #A V.*.0'(!,.!=%/%-#'(! ;A F-)
Uj(Y0&.',0,$0#( ( #A ;A -A ,A .A 1A ! !

F*#/7#*#!,.!X/#'#! Z)(!V($.&%2(! D0-)6&'#-%(0.&! X()-./#0#! F/.#-%(0.&!,.!V)(*(!V(;#/'(! F/.#-%(0.&!,.!_
/0,0&'*"@'@0#(

! X#)#! ).$#;%/%'#)! #0#'8*%-#*.0'.! 9! 160-%(0#/*.0'.! 60! ,%.0'.! P6.! $#! &61)%,(! 60#! #/'.)#-%80I! &.! ,.;.! #,.*:&!,.!./%*%0#)!./!'.Q%,(!#1.-'#,(I!3).3#)#)!/#!-#2%,#,!,.!#-6.),(!#!/#&!3)(3%.,#,.&!P6.!'%.0.!./! *#'.)%#/!P6.!6&#).*(&!3#)#!/#!).&'#6)#-%80! ! !

Y&%F"0@'@0#(/0,0&'*0#(@0(*%#(.'$0&"'*0#(@0(5C$?&')"A,( !

400

?A KA MA NA kA cA fA

W6.!&.#0!%0&(/6;/.&!#!/(&!1/6%,(&!;6-#/.&! W6.!'.07#0!).&%&'.0-%#!#!/#&!16.)J#&!*#&'%-#'()%#&! W6.!'.07#0!#,#3'#;%/%,#,!#!/#&!3#).,.&!,.!/#!-#2%,#,!3#)#!%*3.,%)!/#!3.)1()#-%80! W6.!&6!-(.1%-%.0'.!,.!.C3#0&%80!3.)*%'#!&.)!&%*%/#)!#/!,./!8)7#0(!,.0'#)%(! W6.!0(!'.07#!-(0,6-'%2%,#,!'+)*%-#! W6.!'.07#!-(/()!&%*%/#)!#/!,./!,%.0'.! W6.!&.#!&.0-%//(!,.!36/%)!9!,.!).'.0.)!/(&!36/%*.0'(&!

!

dA W6.!&.#!1:-%/!,.!*#0%36/#)! nA W6.!0(!&.#!'8C%-(!#!/#!36/3#I!0%!#!/(&!'.Q%,(&!P6.!/(!)(,.#04!

/?$'F0&)T'(

! 5&!60!*#'.)%#/!7.)*%-%,#!&.*.Q#0'.!#/!$6/.!.0!#/760(&!#&3.-'(&!&.!.C')#.!,.!/#&!$(Q#&!,.!60!:);(/!9! &6&! $(Q#&! &.! ,.Q#0! &.-#)I! &.! *6./.0I! &.! ,%&6./2.0! -(0! '(/6.0(4! =.! 6&#! -(*(! *#'.)%#/! ,.! (;'6)#-%80! '.*3()#/!(!.0!/#!(;'6)#-%80!,.!-(0,6-'(&!)#,%-6/#).&4! !

J0,$'\'#( x x x x x x x x

5&!%*3.)*.#;/.!#/!#76#! L#/!-(0,6-'()!,.!/#!./.-')%-%,#,! ]%.0.!*#9()!).&%&'.0-%#!#!/#!')#--%80!/(07%'6,%0#/! =.!*(,./#!1:-%/*.0'.!-(0!./!-#/()! F/!.01)%#)&.!-(0&.)2#!/#!1()*#!P6.!&.!/.!,%(!-(0!./!*(,./#,(! 5&!%0$(/()(! 5&!&(/6;/.!.0!#-.%'.&!.&.0-%#/.&!-(*(!./!-/()(1()*(! 5&!%0&(/6;/.!.0!&(/6-%(0.&!,.!7)#0!#/-#/%0%,#,!

!

10#G0,$'\'#( x x x

5&!/%7.)#*.0'.!3()(&(! D))%'#!/(&!'.Q%,(&!;/#0,(&! X)(,6-.!60!(/()!,.)#,#;/.!#!/#!$()#!,.!-#/.0'#)/#!

! "#!76'#3.)-$#!36.,.!-(*;%0#)&.!-(0!#/760(&!./.*.0'(&!-(*(!-(0!./!(C%,(!,.!J%0-!9!.67.0(/I!.&'(!.&! -(0! ./! 1%0! ,.! *(,%1%-#)! &6&! -#)#-'.)<&'%-#&! $#-%+0,(/(! *:&! -(0&%&'.0'.! 9! *:&! 3/:&'%-(4! =.! 36.,.0! (;'.0.)! 60#! -(*;%0#-%80! ,.! 76'#3.)-$#! #! ;#&.! ,.! 1./,.&3#'(I! -6#)J(! ,.! $%,)8C%,(! ,.! -#/-%(! 9! 76'#3.)-$#! ! !

S"F%#( !

! !

?A @.!#/'#!16&%804m!H.;/#0,.-.!#!60#!'.*3.)#'6)#!,.!?bbj!V! KA L.,%#! B6&%804m! ]%.0.! 60#! )./#-%80! ,.! (C%,(! ,.! J%0-! 9! .67.0(/! 9! 76'#3.)-$#! ,.! f! #! ?4! H.;/#0,.-.!#!nkbj!V! MA g#Q#!B6&%804m!@.!N!3#)'.&!,.!(C%,(!,.!J%0-!9!.67.0(/!3()!60#!,.!76'#3.)-$#!).;/#0,.-.!#!MKj! V!

L#%#(

! 5&! .*3/.#,(! -(*(! *#'.)%#/! ,.! (;'6)#-%80! '.*3()#/! 3(0%.0,(! 3).2%#*.0'.>! g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

.*3/.#0!.0!/#!./#;()#-%80!,.!3()'#!%*3).&%(0.&!%0,%2%,6#/.&!3#)#!3)8'.&%&!3#)-%#/.&!9!'('#/.&!//#*#,#&! 3/#-#&!7)#1! ! !

;272=S53(12=S-623( ( ](,(&! /(&! -.*.0'(&! ,.0'#/.&! 6'%/%J#,(&! .0! Z,(0'(/(7<#! 2#0! #! &.)2%)! -(*(! 60! *.,%(! *.-:0%-(! ,.! ).'.0-%80! .0').! /#! -#2%,#,! 9! /#! ).&'#6)#-%804! p0#! 60%80! P6<*%-#! 0(! .&! 3(&%;/.! (;'.0.)/#! 9#! P6.! ./! *.,%(!;6-#/!$#-.!%*3(&%;/.!/#!60%804! !

;'&')$0&+#$")'#( ! !

?A =.//#)!/#!-#2%,#,!-6#0,(!*.0(&!'.*3()#/*.0'.!3#)#!.2%'#)!/#!3.)1()#-%80! KA V(*(!*#'.)%#/!#,$.).0'.!

L#%#( !

! !

?A X#)#!3)('.--%80!36/3#)!.!%0$%;%-%80!,./!#2#0-.!-#)%(&(! KA V(*(!;#-'.)%-%,#! MA X#)#!/#!1()*#-%80!,.!/#!,.0'%0#!&.-60,#)%#!

!"@&AD"@%(@0(;'*)"%(

! 5&!60!-.*.0'(!#/-#/%0(!-(0!60!XO!,.!?K4c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cq!9!(C%,(!,.!J%0-! !

5D"@%(@0(b",)(P(2?B0,%*( ! X(/2(! !

ZC%,(!,.!y%0-! H.&%0#! 5&'.#)#'(!,.!y%0-! 5&'.#)#'(!

fbq! Kd4kq b4kq! ?q!

"
L#%#( 402

!

!

?A V(*(!*#'.)%#/!,.!(;'6)#-%80!'.*3()#/! KA V(*(! ;#&.! .0! /#! (;'6)#-%80! ,.! -#2%,#,.&! 3#)#! .2%'#)! /(&! -#*;%(&! '+)*%-(&I! ./+-')%-(&! 9! ,.! ).&%&'.0-%#! MA V(*(!(;'6)#-%80!3).2%#!#!60#!(;'6)#-%80!,.1%0%'%2#! NA V(*(!&.//#,()!,.!-(0,6-'(&!)#,%-6/#).&!.0!,%.0'.&!%01#0'%/.&! kA X#)#!-.*.0'#-%(0.&!3)(2%&%(0#/.&! cA X#)#!/#!-.*.0'#-%80!,.!160,#&!,.!76'#3.)-$#I!3#)#!./!&.//#,(!,.!-(0,6-'(&!)#,%-6/#).&!

S"0.F%(@0(>&'B?'@%(

! 5/!'%.*3(!,.!1)#76#,(!0()*#/!.&!,.!?!#!M!*%06'(&! !

Y&0F'&')"A,(@0(70c)*'(

! 50!60#!/(&.'#!&.!-(/(-#!./!(C%,(!,.!J%0-!9!./!.67.0(/I!&.!#,%-%(0#!./!3(/2(!#/!/
8-4=9;23( ( p0!;#)0%J!'<3%-(!3#)#!/#&!-#2%,#,.&!.&!3)%0-%3#/*.0'.!60#!7(*#!0#'6)#/I!-(*(!./!-(3#/4!5&!60#!).&%0#! &%0'+'%-#!9!&6./'#!60!&(/2.0'.!()7:0%-(!-(*(!36.,.!&.)!/#!#-.'(0#I!-/()(1()*(!(!+'.)4! !

Y&%F"0@'@0#( !

!

?A V(*(!&.//#,()!,.!'6;6/(&!,.0'%0#)%(&! KA @%&*%069.! /#! &.0&%;%/%,#,! 3(&'! }! (3.)#'()%#! 9! *%0%*%J#! 8! ).,6-.! /#! 1%/')#-%80! *#)7%0#/! E3).-(/#-%80A! ! 5&'#&!).&%0#&!&(0!&6&'#0-%#&!&61%-%.0'.*.0'.!1/6%,#!3#)#!3(,.)!;#)0%J#)!G0%-#*.0'.!/#!&63.)1%-%.! ,.!/#!-#2%,#,!9!,.Q#)!60#!3./<-6/#!,.!60!.&3.&()!-(0&%,.)#;/.4!

10#G0,$'\'#( ! !

?A =(/6;/.!-(0!./!1/6%,(!;6-#/! KA X6.,.!//.7#)!#!3%7*.0'#)!9!#;/#0,#)!/#&!).&%0#&!

-F*")')"%,0#(

! =.! .1.-'G#! 3()! *.,%(! ,.! 60#! '()60,#! ,.! #/7(,80! (! -(0! 60! 3%0-./! 9! &.! #3/%-#! ,.! K! #! M! 2.-.&! 3#)#! 1()*#)!60#!-#3#!3#)#!P6.!(-63.!'(,#!/#!-#2%,#,!9!#&
;272=S53(12=S-623(=5(7219;-153( ( ;0.0,$%(@0(8'#0(@0(5D"@%(@0(b",)(P(2?B0,%*]( 403

! x-%,(!Z)'(.'(C%;.0J(%-(! ! !

L#%#( x x

V(*(!;#&.!%0'.)*.,%#!&(;).!).-6;)%*%.0'(!36/3#).&!,%).-'(&! 50!).&'#6)#-%(0.&!*.':/%-#&!9!0(!&.!6'%/%J#!-(*(!;#&.!,.!).&%0#!

!

7',"F?*')"A,(

! p&#)!60#!/(&.'#!,.!2%,)%(!7)6.&#I!&.!3(0.!60#!3()-%80!,.!K!#!?4!K!,.!3(/2(!9!?!,.!/
;0.0,$%(@0(>%#E'$%(@0(b",)( (

;%.F%#")"A,( !

! X(/2(4m! X)%0-%3#/*.0'.! (C%,(! ,.! J%0-! -(0! 60! ?bq! ,.! (C%,(! ,.! *#70.&%(! -(0! 3.P6.[#&! -#0'%,#,.&!,.!3%7*.0'(! ! "
! !

L#%#( !

!

x x

V.*.0'#,(!,.!).&'#6)#-%(0.&!1%Q#&!(!;#0,#&!,.!Z)'(,(0-%#! H.-6;)%*%.0'(!3#)#!3)('.7.)!#!/#!36/3#!,./!.&'%*6/(!*.-:0%-(!'+)*%-(!(!./+-')%-(!

Y&%F"0@'@0#( ! H.&%&'.0'.!#!/#!-(*3).&%80I!')#--%80I!&(/6;%/%,#,!9!,.&%0'.7)#-%80!.0!/
7',"F?*')"A,(

! ]#*;%+0!.&!K!,.!3(/2(!9!?!,.!/
;0.0,$'@%(@0(Y%*")'&C%D"*'$%(@0(b",)( ( =.!6&#!-(*(!-.*.0'(!1%0#/!3#)#!).'.0-%80!,.!-()(0#&!9!36.0'.&! !

;%.F%#")"A,( ! 404

=6./.0!3)(3()-%(0#)&.!.0!1()*#!,.!3(/2(!(!/
Y&%F"0@'@0#( x x

Y%&-(&%,#,! p0%80!,.!5&*#/'.!

!

7',"F?*')"A,( !

!

?A 5/!).-%3%.0'.!-(0!./!3(/2(!,.;.!,.!#7%'#)&.!&6#2.*.0'.! KA =.! 3(0.! 60#! -6-$#)#,#! ,.! .&'.! &(;).! 60! 3#3./! .0-.)#,(! (! /(&.'#! ,.! -)%&'#/! 9! .&'#! &.! 36.,.! .01)%#)!3#)#!3.)*%'%)!60!'%.*3(!,.!')#;#Q(!*#&!/#)7(! MA 5/!/
;0.0,$%(@0(3"*")%E%#E'$%(@0(b",)( (

L#%#(

! =.! 6&#! 3)%0-%3#/*.0'.! 3#)#! /#! -.*.0'#-%80! 3)%0-%3#/! ,.! -()(0#&! ,.! *.'#/I! ,.! 3()-./#0#I! 160,#&! ,.! 3()-./#0#!9!(;'6)#-%(0.&!'.*3()#/.&! !

;%.F%#")"A,(

! 5&!60#!-(*;%0#-%80!,.!&%/%-#'(&!&(/6;/.&!.0!:-%,(&!,.!(C%,(!,.!J%0-I!(C%,(!,.!*#70.&%(!9!1/6()6)(&I! ./! /
Y&%F"0@'@0#( x x x

!

H.&%&'.0-%#!#!/#!-(*3).&%80! ])#&/6-%,(&! =(/6;%/%,#,!

7',"F?*')"A,( ! "(&!-.*.0'(&!,.!&%/%-(1(&1#'(!&.!*.J-/#0!-(*(!/(&!-.*.0'(&!,.!1(&1#'(!,.!J%0-I!&.!6'%/%J#!60#!/(&.'#! 1)<#!3#)#!3)(3()-%(0#)!*#&!'%.*3(!,.!')#;#Q(4! !

9%,%.0&%(@0(J"@&"%( (

;%.F%#")"A,( !

405

X(/2(4m!5&!60!2%,)%(!,.!-(*3(&%-%80!&%*%/#)!#/!3(/2(!,.!-.*.0'(!,.!&%/%-#'(! ! "%P6%,(4m! 5&! 60#! &(/6-%80! P6.! '%.0.! #3)(C%*#,#*.0'.! kbq! ,.! -(3(/<*.)(&! ,.! :-%,(! 3(/%#-)
7',"F?*')"A,(

! X#)#!(;'6)#-%(0.&!&.!*.J-/#!./!3(/2(!9!./!/
>&'B?'@%(

! F/! *.J-/#)! ./! -#/-%(! 9! ./! #/6*%0%(! ,./! 2%,)%(! ).#--%(0#! -(0! ./! 3(/<*.)(! ,./! :-%,(! 3(/<#-)%/%-(! 3#)#! 1()*#)!60#!.&')6-'6)#!-)6J#,#4!=.!1()*#!60#!*#')%J!P6.!.&!60!7./!P6.!*#0'%.0.!60%,#&!/#&!3#)'<-6/#&! &%0!).#--%(0#)4! !

Y&%F"0@'@0#( !

!

x x

H.&%&'.0-%#!#!/#!-(*3).&%80! =(/6;%/%,#,!P6.!,.3.0,.!,.!/#!).#--%80!3(/2(!}!/
L#%#( ! L#'.)%#/!,.!(;'6)#-%80!3#)#!-#2%,#,.&!3()!.)(&%80I!&.//#,()!,.!1%&6)#&I!).-6;)%*%.0'(!3#)#!,.;#Q(!,.! (')(&!*#'.)%#/.&!).&'#6)#,().&4! !

2E0)$%(8"%*AB")%(

! 50!/#!)./#-%80!36/3#)!.&!&%*%/#)!#!/#!,.!/(&!-.*.0'(&!,.!J%0-!9!-#);(C%/#'(4! ! ! V.*.0'(! p&(&! p&(&!=.-60,#)%(&! B(&1#'(!,.!y%0-! F7.0'.! V.*.0'#0'.! 3#)#! H.&'#6)#-%(0.&! D0'.)*.,%#&! 9! H.&'#6)#-%(0.&! 9! F,%'#*.0'(&! ;#&.!,.!#%&/#*%.0'(!'+)*%-(&! Z)'(,(0'%-(&! ZC%,(!,.!y%0-!9!567.0(/! H.&'#6)#-%(0.&! '.*3()#/.&! Z;'6)#-%80! ,.! -(0,6-'(&! %0'.)*.,%#&I! -.*.0'#-%80! )#,%-6/#).&! 9! #38&%'(! '.*3()#/! 9! 3.)*#0.0'.! 3#)#! W6%)G)7%-(! ).&'#6)#-%(0.&! #%&/#0'.! '+)*%-(I! ).-6;)%*%.0'(! -#2%'()%(!9!3)('.-'()!36/3#)! X(/%-#);(C%/#'(! F7.0'.! -.*.0'#0'.! 3#)#! F7.0'.! -.*.0'#0'.! 3#)#! ).&'#6)#-%(0.&I! ;#&.&! 9! #,%'#*.0'(&! ()'(,(0'%-(&! 9! #%&/#*%.0'(!'+)*%-(! ).&'#6)#-%(0.&!%0'.)*.,%#&! =%/%-#'(! H.&'#6)#-%(0.&!#0'.)%().&! mmmmm! =%/%-(!B(&1#'(! F7.0'.! -.*.0'#0'.! 3#)#! H.&'#6)#-%(0.&! %0'.)*.,%#&! 9! ).&'#6)#-%(0.&! *#'.)%#/! -.*.0'#0'.! 3#)#! #,%'#*.0'(&!,.!()'(,(0-%#! D(0(*.)(!,.!Y%,)%(! H.&'#6)#-%(0.&! #0'.)%().&I! - =.//#,()! ,.! 1(&.'#&! ).-6;)%*%.0'(&! -#2%'()%(&I! 9!1%&6)#&! *#'.)%#/! -.*.0'#0'.! 3#)#! - g#&.&! 3#)#! 406

#,%'#*.0'(&!,.!Z)'(,(0-%#!

#%&/#*%.0'(! '+)*%-(&!

! D(0(*.)(! ,.! Y%,)%(! H.&'#6)#-%(0.&! -(0&.)2#,()#&! mmmmmmmm! -(*;%0#,(!-(0!*.'#/! .0!,%.0'.&!3(&'.)%().&! H.&%0#! F7.0'.! -.*.0'#0'.! 3#)#! H.&'#6)#-%(0.&!].*3()#/.&! ).&'#6)#-%(0.&! 9! #,%'#*.0'(&! ,.!Z)'(,(0-%#! ! !

4239=-3( !

40#",'#(-)&+*")'#(

! "#&!3(,.*(&!-(0&%,.)#)!-(*(!60!*#'.)%#/!3/:&'%-(I!.&!60!*#'.)%#/!P6.!36.,.!'.0.)!3)(3%.,#,.&!P6.! 0(! 36.,.0! &.)! %76#/#,#&! 3()! (')(&! *#'.)%#/.&! ,.0'#/.&! 9#! P6.! 36.,.0! &.)! 6'%/%J#,#&! 3#)#! /#! -(0&')6--%80!,.!3)8'.&%&I!1+)6/#&I!#3#)#'(&!,.!Z)'(,(0-%#I!X()'#!%*3).&%(0.&I!X)8'.&%&!'('#/.&!9!.0!/#! -(0&')6--%80!,.!3/#-#&!;#&.! !

;%.F%#")"A,(

! =.! -(*3(0.! ,.! 60! 3(/<*.)(! E3(/2(A! 9! ,.! 60! *(08*.)(! E/! x 5/!#-'%2#,()!.&!./!-#/()!9!&.!/.!-(0(-.!-(*(!'.)*(3(/%*.)%J#;/.! x "#!(')#!3()!*.,%(!P6<*%-(!P6.!).#--%(0#!#!/#!'.*3.)#'6)#!#*;%.0'.!-(*(!#6'(3(/%*.)%J#;/.! ! !

40#",'(-)&+*")'(F'&'(C'#0(@0(@0,$'@?&'#(

! =.!6'%/%J#0!3)%0-%3#/*.0'.!/#!).&%0#!'.)*(3(/%*.)%J#;/.!P6.!-(0'%.0.!60!%0%-%#,()!,.!/#!).#--%80!P6.! .&!./!3.)8C%,(!,.!;.0J(%/(!-69#&!*(/+-6/#&!#/!.0')#)!.0!-(0'#-'(!-(0!./!#-'%2#,()!7#0#0!.0.)7<#!P6.! /6.7(! &.! ')#0&*%'.! #/! *(08*.)(4! @.;%,(! #! P6.! ./! 3(/<*.)(! .&! ')#0&3#).0'.! .&! 0.-.&#)%(! #7).7#)! 3%7*.0'(&!3#)#!(;'.0.)!&.*.Q#0J#!-(0!/#&!.&')6-'6)#&!,.0'#)%#&!'#/.&!-(*(!./!&6/16)(!,.!*.)-6)%(!9!./! &6/16)(!,.!-#,*%(4!=.!/.!#7).7#0!'#*;%+0!1%;)#&!&%0'+'%-#&!-(/().#,#&!#&
;?"@'@%#( !

!

?A ]#0'(!./!3(/2(!-(*(!./!/
!

40#",'#(>%$%F%*".0&"c'C*0#(

! V(*3(&%-%80! ! #A =%&'.*#&!-6)#,(&!-(0!3.)8C%,(!,.!;.0J(%/(I!.&!60!3(/2(!1%0(!,.!3(/%!*.'#-)%/#'(!,.! *.'%/(!9!60#!#*%0#! ;A =%&'.*#&!#-'%2#,(&!-(0!/6J!pY!E6/')#2%(/.'#A! -A =%&'.*#&!%0%-%#,(&!-(0!')%;6'%/!;().#0(! !

7',"F?*')"A,( ! -

!

L(08*.)(4m!L.'#-)%/#'(!,.!*.'%/(! X(/<*.)(4m!5/!3(/%!*.'#-)%/#'(!,.!*.'%/(!#-'G#!-(*(!.&3#-%#,()! V#'#/%J#,()4m! 5&! 60! ,.)%2#,(! ,./! ')%;6'%/! ;().#0(I! &.! )(*3.! /#! -:3&6/#! 9! &.! *.J-/#! ./! *(08*.)(!9!./!-#'#/%J#,()4!5&'#!*.J-/#!&.!'(*#!-(0!60!3%0-./!9!&.!&6*.)7.!.0!./!3(/2(I!/#! *#&#!$G*.,#!&.!')#0&1%.).!#!/#!&63.)1%-%.!,./!,%.0'.!9!&.!#-'%2#!-(0!60#!/:*3#)#!,.!).&%0#4! 5/!.C-.&(!,.!.&'.!*#'.)%#/!,.;.!./%*%0#)&.!#0'.&!,.!6&#)!/#!/:*3#)#4!

L#%#(

! V.*.0'#,(!,.!).&'#6)#-%(0.&I!,.!).&%0#&!9!-()(0#&I!;)#-i.'&I!;#0,#&!,.!Z)'(,(0-%#! ! !

40#",'#(@0(-?$%(F%*".0&"c'@%(

! _(!).P6%.).0!.0.)7<#!'+)*%-#!9!&.!-(*3/.*.0'#0!#!'.*3.)#'6)#!#*;%.0'.4!"#!,%1.).0-%#!160,#*.0'#/! .0')#!/#&!K!).&%0#&!.&!/.!*+'(,(!3()!./!-6#/!./!3.)8C%,(!,.!;.0J(%/(!&.!,%2%,.!3)(,6-%.0,(!)#,%-#/.&! /%;).&4! ! "#!).&%0#!,.!#6'(!3(/%*.)%J#,(!*6.&')#!*.0(&!-(0')#--%80!P6.!/#&!'.)*(!-6)#,#&! ! "#!.&'#;%/%,#,!,./!-(/()!,.!/#!).&%0#!,.!#6'(!3(/%*.)%J#-%80!.&!%01.)%()!#!/#&!).&%0#&!'.)*(!-6)#,#&4! !

Y&0#0,$')"A,( !

!

X#&'#!9!"
7',"F?*')"A,(

! =.!7)#;#!./!.&*#/'.!-(0!:-%,(!7)#;#,()!,6)#0'.!cb!&.760,(&4!=.!*.J-/#!/#!3#&'#!9!./!/
-7-6/-7-(12(Y6-S-( ! 408

5&! 60(! ,.! /(&! *#'.)%#/.&! *:&! 6'%/%J#,(&! 3#)#! (;'6)#-%(0.&! .0! (,(0'(/(7<#4! 5&! 60#! #/.#-%80! -(0! *.)-6)%(I!&.!.&'%*#!P6.!./!dbq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bb!Å74!X()!-.0'<*.')(!-6#,)#,(! ! 5&'#;%/%,#,!@%*.0&%(0#/! "#!.&'#;%/%,#,!&%70%1%-#!P6.!60#!2.J!-)%&'#/%J#,#!/#!#*#/7#*#!0(!&61)%):!.C3#0&%80!0%!-(0')#--%80! ! 5&-6))%*%.0'(! 5/! .&-6))%*%.0'(! 0(! ,.;.):! ,.! &.)! *#9()! #/! Nq! 0%! ,.;.! 3).&.0'#)&.! -6#0,(! /#! #*#/7#*#! $#! -)%&'#/%J#,(! ! 5C3#0&%80! =.! ;6&-#):! 3#)#! /(7)#)! P6.! ).//.0.! '(,(&! /(&! *:)7.0.&! ,.! /#! -#2%,#,! 9! 0(! ,.;.):! &.)! *#9()! ,.! Kb! *%-)#&!3()!-.0'<*.')(!-6#,)#,(! ! ! V(*3(&%-%80!,.!/#!F*#/7#*#!V6#'.)0#)%#! X/#'#! ckq! 5&'#[(! Kdq! V(;).! cq! y%0-! Kq! ! ! ! ! ! ! V(*3(&%-%80!,.!/#!F*#/7#*#!].)-%#)%#! ! ! X/#'#! ccq!#!fNq! 5&'#[(! Kkq!#!Kdq! V(;).! ?q!#!cq! ! L5HVpHDZ=! ! 409

=.!,%-.!P6.!,.;.!,.!%0'.)2.0%)!60!kbq!-(0!)./#-%80!#!/#!#*#/7#*#4!50!/#!3)#-'%-#!&.!-(/(-#0!d!3#)'.&! ,.!*.)-6)%(!3()!k!,.!/%*#,6)#4!p0#!2.J!')%'6)#,#!/#!*.J-/#!&.!.C3)%*.!-(0!60!3#[(!-(0!./!(;Q.'%2(! ,.!./%*%0#)!M!3#)'.&!,.!*.)-6)%(! ! Y.0'#Q#&! i B:-%/!*#0%36/#-%80! i F,#3'#;%/%,#,!#!/#&!3#).,.&! i D0&(/6;/.!#!/(&!1/6%,(&!;6-#/.&! i H.&%&'.0-%#!#!/#!-(*3).&%80! i =.!36.,.!36/%)!1:-%/*.0'.! ! @.&2.0'#Q#&! i 5&!#0'%.&'+'%-(! i =61).!-(0')#--%80I!.C3#0&%80!9!.&-6))%*%.0'(! i X(-#!).&%&'.0-%#!.0!/(&!;(),.&! i V(0,6-'()!'.)*(./+-')%-(! ! L#061#-'6)#! ](,(&!/(&!./.*.0'(&!,.;.0!.&'#)!P6<*%-#*.0'.!36)(&4!V#,#!*.'#/!(!-(*3(0.0'.!.&!-(/(-#,(!.0!60! ).-%3%.0'.! ,(0,.! &(0! 160,%,(&! -(0! (C%7.0(! 3#)#! (;'.0.)! 60! /%07('.! ./! -6#/! -6#0,(! &.! .01)<#! .&! 36/2.)%J#,(!.0!3.P6.[#&!3#)'<-6/#&!/#&!-6#/.&!&.!-(/(-#0!.0!60!).-%3%.0'.!9!&.!).*6.2.!.0!/#!&63.)1%-%.! ,.!/#!#/.#-%80! ! "#!#/.#-%80!).&6/'#0'.!.&!.0'(0-.&!'.*3/#,#I!-(/(-:0,(/#!.0!60#!%0-6;#,()#!#!?bbj!V!!3()!?b!,<#&! ! ?A "#!#/.#-%80!&.!'.*3/#!3#)#!/%;)#)!/#&!16.)J#&!3)(,6-%,#&!,6)#0'.!/#!1#;)%-#-%80!*.-:0%-#! KA X#)#!3)(,6-%)!60#!#*#/7#*#!1:-%/!,.!')#;#Q#)! MA X#)#!#6*.0'#)!./!'%.*3(!,.!-)%&'#/%J#-%80! NA X#)#!3.)*%'%)!60#!.C3#0&%80!#,.-6#,#! ! X).&.0'#-%80!.0!./!*.)-#,(! =.! 3).&.0'#! .0! 1()*#! ,.! '#;/.'#! (! ,.! /%*#,6)#4! ]#*;%+0! &.! 3).&.0'#! .0! -:3&6/#&! 9#! 3).3#)#,#&! ,.! #/.#-%80!-(0!*.)-6)%(!3#)#!&.)!-(/(-#,#&!.0!./!#*#/7#*#,()! ! ]DXZ=!@5!"DLF@pHF! ! 5C%&'.0!M!'%3(&!,.!/%*#,6)#! ! h)#0(!B%0(4m!W6.!,#!60#!&63.)1%-%.!'.)&#! ! h)#0(!h)6.&(4m!W6.!,#!60#!&63.)1%-%.!:&3.)#!3()P6.!).P6%.).!*.0()!-#0'%,#,!,.!*.)-6)%(! ! 5&1+)%-#4m!@#!60#!&63.)1%-%.!'.)&#!9!).P6%.).!3(-(!*.)-6)%(! ! ! VZLXZ_5_]5=!@5!"F!FLF"hFLF! !

Y*'$'( i i i i 410

5&!./!3)%0-%3#/!-(*3(0.0'.! F96,#!#!,%&*%06%)!./!.&-6))%*%.0'(! F6*.0'#!/#!).&%&'.0-%#! F6*.0'#!/#!.C3#0&%80!

i

!

F6*.0'#!/#!).&%&'.0-%#!#!/#!-())(&%80!9!/#!3%7*.0'#-%80!

;%C&0( i i i

!

50!-(*;%0#-%80!-(0!/#!3/#'#!#6*.0'#!/#!.C3#0&%80! F6*.0'#!/#!).&%&'.0-%#!9!,6).J#!,.!/#&!#*#/7#*#&! @%&*%069.!./!.&-6))%*%.0'(!

2#$'`%( i i i

!

H.,6-.!/#!.C3#0&%80!,.!/#!#*#/7#*#!9!#6*.0'#!&6!-(0')#--%80! @%&*%069.!&6!).&%&'.0-%#!9!,6).J#! B#-%/%'#!/#!#*#/7#*#!3()!'.0.)!7)#0!#3%[%,#,!-(0!./!*.)-6)%(!

b",)( X()! 60! /#,(! -(0')%;69.! #! 1#-%/%'#)! ./! ')#;#Q(I! /#! /%*3%.J#! ,.! /#! #*#/7#*#! ,6)#0'.! /#! ')%'6)#-%80! 9! /#! -(0,.0&#-%80!3.)(!3)(,6-.0!60#!7)#0!.C3#0&%80!.0!3).&.0-%#!,.!60%,#,!9!&.!,.;.!#!P6.!./!J%0-!&.! (C%,#! 9! 1()*#! $%,)87.0(! .0! 1()*#! ,.! ;6);6Q#&4! =.! .C3#0,.! '#0'(! P6.! /#! 1).&#! &.! 36.,.! 1)#-'6)#)! 9! 3).&.0'#)!,(/()! ! Z)%7%0#/*.0'.!&.!.*3/.#!-(*(!;#)).,()!,.!%*36).J#&!,6)#0'.!/#!16&%80!,./!/%07('.4!"#&!#*#/7#*#&! .0!&
70&)?&"%( @.;.!&.)!P6<*%-#*.0'.!36)(I!-6#0,(!$#!&%,(!')#'#,(!-(0'%.0.!#)&+0%-(!9!36.,.!/.&%(0#)!#!/#! 36/3#! i =%)2.!-(*(!*.,%(!,.!60%80!.0').!/#&!3#)'<-6/#&!,.!/#!#/.#-%80! i

!

2,G0\0)"."0,$%(@0(*'('*0')"A,( ! =.!).1%.).!#!/#!(C%,#-%80!,.!&6!&63.)1%-%.!-(0&.76%,#!#!')#2+&!,.!60!')#'#*%.0'(!'+)*%-(!,6)#0'.!60! ,.'.)*%0#,(! '%.*3(! (;'.0%+0,(&.! *#9()! ).&%&'.0-%#I! *.0()! .&-6))%*%.0'(! 9! *#9()! -(0')#--%804! F! *.0()! -#0'%,#,! ,.! *.)-6)%(! *#9()! -($.&%80! ,#0,(! #*#/7#*#&! *:&! ).&%&'.0'.&! -(0! *.0()! .&-6))%*%.0'(!60#!2.J!-)%&'#/%J#,#!9!'.0,):0!*.0(&!-#*;%(&!,%*.0&%80#/.&! !

7',"F?*')"A,( "#! #/.#-%80! ,.! /%*#,6)#! ,.! *.)-6)%(! .&! ./! 3)%*.)! 3#&(! .0! ./! -6#/! -(0&%&'.! /#! *.,%-%80! ,.! /(&! -(*3(0.0'.&!-(0!/(&!P6.!-(0'#*(&! ! 5/!(C%,(!P6.!&.!1()*#!&(;).!/#!&63.)1%-%.!,.!/#!#*#/7#*#!%*3%,.!&6!-(*;%0#-%80!-(0!./!*.)-6)%(!3()! /(!-6#/!.&!0.-.&#)%(!./%*%0#)/#!3#)#!(;'.0.)!60#!#*#/7#*#4!5&'(!/(!-(0&.76%*(&!1:-%/*.0'.!#!')#2+&! ,.!/#!')%'6)#-%80!P6.!3(,.*(&!$#-.)!.0!K!1()*#&>! ! - ])%'6)#-%80!L#06#/! - ])%'6)#-%80!L.-:0%-#! 411

! 50! /#! ')%'6)#-%80! *#06#/! &.! -(/(-#! .0! ./! *()'.)(! /#! /%*#,6)#! ,.! *.)-6)%(! 9! -(0! ./! 3%&'%/(! &.! $#-.! 3).&%80! &(;).! .&'#I! &.! $#):! 60#! *.J-/#! -%)-6/#)*.0'.! ,6)#0'.! Mk! &.760,(&! #! 60#! 2./(-%,#,! ,.! ?kb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b!#!?k!&.760,(&! ! o#! ).#/%J#,(! .&'.! 3#&(I! .&'#*(&! .0! -(0,%-%(0.&! ,.! //.2#)! /#! *.J-/#! #! /#! -#2%,#,! 3#)#! ')#0&3()'#)! ./! *#'.)%#/!&.!6'%/%J#!./!3()'#!#*#/7#*#&!./!-6#/!'%.0.!60!()%1%-%(!.0!./!-6#/!3()!3).&%80!-(0')#!/#!*.J-/#I! .&'#!3.0.')#!#$
;%,@0,#')"A,( ! p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~! #! N~! ZJ4! o#! P6.! .&! /#! *:C%*#! 16.)J#! -#3#J! ,.! #3/%-#)! ./! (3.)#,()! ,.! *#0.)#!-(0&'#0'.!9!60%1()*.4! ! _('#>!50!-#&(!,.!P6.!06.&')#!-#2%,#,!&.#!*69!#*3/%#!.&!3).1.)%;/.!.1.-'6#)!K!*.J-/#&!P6.!60#!&(/#I!&.! &(;).!(;'6)#!/#!-#2%,#,!9!&.!/.!,#!#0#'(*<#!-(0!./!z.&-(I!&.!).-()'#!./!.C-.,.0'.!-(0!60!).-()'#,()!,.! #*#/7#*#4! ! _('#!ÉK>!5&!%*3()'#0'.!')#'#)!,.!6'%/%J#)!06.&')#!*.J-/#!#0'.&!,.!P6.!')#0&-6))#0!,.!M!#!N!*%06'(&!9#! P6.!#!3#)'%)!,.!/#!')%'6)#-%80!.0!-#&(!,.!P6.!.&'.!'%.*3(!&.!.C-.,#!/#!*.J-/#!&.!-)%&'#/%J#!3#)-%#/*.0'.! 9!&.):!%*3(&%;/.!./%*%0#)!./!*.)-6)%(!&(;)#0'.!3.),%.0,(!).&%&'.0-%#!9!3).&.0'#0,(!7)#0!.C3#0&%80!9! .&-6))%*%.0'(4!@.&36+&!,.!KN!$()#&!&.!;)6[.!9!&.!36/.I!&.!%0,%-#!#/!3#-%.0'.!P6.!0(!(-/69#!(!*#&'%P6.! ,.!c!#!d!$()#&4!=.!#/%&#!/#!&63.)1%-%.!-(0!60!;)6[%,()!Ez.&-(A!60#!2.J!.1.-'6#,(!.&'.!3#&(!.&3.)#*(&! /#&!KN!$()#&!9!/(!36/%*(&!-(0!#*#7/(&&!9!60!-.3%//(!ç!-(0!(C%,(!,.!J%0-!9!60#!7('#!,.!#/-($(/I!&%!.&!,.! -/#&.!?4! !

412

=%! .&! 60#! (;'6)#-%80! ,.! -/#&.! K! .0! /#! P6.! $#-.! 1#/'#! 60#! 3#).,! #! /#! -#2%,#,! .0! /#! P6.! 36.,.! .&'#)! %0,%-#,#!/#!).&'#6)#-%80!3#)#!P6.!/#!#*#/7#*#!36.,#!&6)'%)!/#!3#).,!6'%/%J#).*(&!60#!'%)#!,./7#,#!,.! *.'#/!//#*#,#!*#')%J!!/#!-6#/!.&!-(/(-#,#!.0!,(;/.!'()0%//(!P6.!&.!#,#3'#)#!#/!,%.0'.!3()!).&'#6)#)4! ! ! 545(

! 5/!()(!.&!60!*.'#/!0(;/.!.0!.&'#,(!36)(I!.&!;/#0,(I!*#/.#;/.I!,G-'%/!3#)#!(;'.0.)!#6*.0'(!,.!,6).J#I! ,6-'%;%/%,#,!9!).&%&'.0-%#!.0!.&'#&!#/.#-%(0.&!./!-(0'.0%,(!,.!()(!&.!*%,.!.0!P6%/#'.&!#&
;*'#"E")')"A,(

! 5/!()(!&.!-/#&%1%-#!&.7G0!&6!,6).J#!.0>! ! i ]%3(!D4m!Z)(!g/#0-(! i ]%3(!DD4m!Z)(!L.,%#0(! i ]%3(!DDD4m!Z)(!,6)(! i ]%3(!DY4m!Z)(!5C')#,6)(! ! ! !

;%.F%#")"A,(@0(*'('*0')"A,(@0(5&%( ! V(0'%.0.!Z)(I!X/#'#I!V(;).I!X/#'%0(!9!X#/#,%(! ! 5/!3/#'%0(!9!3#/#,%(!%0'.)2%.0.!.0!#6*.0'#)!/#!).&%&'.0-%#!9!,6).J#4! !

5&%( !

?A F6*.0'.!/#!).&%&'.0-%#!#!/#!3%7*.0'#-%80!9!#!/#!-())(&%80!#/!-(*;%0#)/(!-(0!(')(&!*.'#/.&! KA V(01%.).!-(0,6-'%2%,#,!#!/#!#/.#-%80!

;%C&0(

!

?A KA MA NA kA cA

F6*.0'#!/#!).&%&'.0-%#!9!&6!,6).J#! @%&*%069.!/#!).&%&'.0-%#!#!/#!3%7*.0'#-%80!9!#!/#!-())(&%80! @%&*%069.!./!360'(!,.!16&%80!,.!/#!#/.#-%80! V(01%.).!60!'(0(!)(Q%J(!#!/#!#/.#-%80! @%&*%069.!./!.&-6))%*%.0'(! 50!60%80!-(0!./!()(I!3/#'#I!3/#'%0(!9!3#/#,%(!%0'.)2%.0.!.0!./!')#'#*%.0'(!'+)*%-(!

Y*'$'( !

?A ]%.0,.!#!;/#0P6.#)!/#!#/.#-%80! KA _.6')#/%J#!./!'(0(!)(Q%J(!P6.!/.!,%(!./!-(;).!

Y*'$",%( ?A 50,6).-.!9!#6*.0'#!/#!).&%&'.0-%#!,.!/#!#/.#-%80! 413

!

KA MA NA kA

F6*.0'#!/#!).&%&'.0-%#!#!/#!3%7*.0'#-%80!9!-())(&%80! 5/.2#!./!360'(!,.!16&%80! ]%.0,.!#!;/#0P6.#)!/#!#/.#-%80! H.#--%(0#!-(0!./!-(;).!3#)#!3)(,6-%)!60!.0,6).-%*%.0'(!'+)*%-(!

Y'*'@"%(

!

?A KA MA NA kA cA

=6./.!)..*3/#J#)!#/!3/#'%0(!3()!&6!#/'(!-(&'(! V(01%.).!#!/#!#/.#-%80!/#&!*%&*#&!-6#/%,#,.&!P6.!./!3/#'%0(! =.!6&#!'#*;%+0I!Q60'(!-(0!./!3/#'%0(!3#)#!#6*.0'#)!).&%&'.0-%#!9!,6).J#! 5&!./!./.*.0'(!P6.!*:&!;/#0P6.#!/#!#/.#-%80!36,%.0,(!;/#0P6.#)/#!3()!-(*3/.'(! 5&!./!3)%0-%3#/!-(*3(0.0'.!,./!()(!;/#0-(! V(0')%;69.!#/!.0,6).-%*%.0'(!'+)*%-(!

b",)(

! ! ! !

?A =.!#7).7#!.0!3.P6.[#&!-#0'%,#,.&!-(*(!./.*.0'(!/%*3%#,()!9!;#)).,()!,.!%*36).J#&! KA F6*.0'#!/#!1/6%,.J!,./!-(/#,(!,.!/#!#/.#-%80! MA @%&*%069.!./!360'(!,.!16&%80!

S0.F0&'$?&'(@0(E?#"A,(@0(*%#($"F%#(@0(%&%( ! Z)(!]%3(!D!Ü!nMbj!V! ! Z)(!]%3(!DD!Ü!nbbj!V! ! Z)(!]%3(!DDD!Ü!nbbj!V! ! Z)(!]%3(!DY!Ü!dfbj!V! !

S&'$'."0,$%($^&.")%(0,@?&0)0@%&( (

! !

?A =.!-#/%.0'#!/#!#/.#-%80!#!fbbj!V!9!&.!,.Q#!.01)%#)!#!'.*3.)#'6)#!#*;%.0'.! KA =.!-#/%.0'#!/#!#/.#-%80!,.!Nkbj!V!#!cbbj!V!9!&.!,.Q#!.01)%#)!.0!60!$()0(!3#�,(!,.!Nkbj!V!#! Kkbj!V!9!&.!,.Q#!.01)%#)!,6)#0'.!?k!*%06'(&!9!&.!*.'.!.0!#76#4!

S&'$'."0,$%($^&.")%('C*',@'@%&( !

! ! 414

?A 50!$()0(!&.!-#/%.0'#!#!fbbj!V!9!&.!.01)<#!;)6&-#*.0'.!&6*.)7%+0,(/.!.0!#76#! KA =.! .01)<#! ;)6&-#*.0'.! ./! -6;%/.'.! P6.! -(0'%.0.! ./! ()(! ).-%+0! -(/#,(I! -(0! .&'(! /(7)#).*(&! *#9()! ,6-'%;%/%,#,I! ,%&*%06%)! +/! /%*%'.! 3)(3()-%(0#/I! ,%&*%06%)! /#! ).&%&'.0-%#! ')#--%(0#/! 9! ,%&*%06%)!/#!,6).J#4!

L#%(@0(*'#('*0')"%,0#( !

S"F%(9(

=.! 6'%/%J#! 3#)#! %0-)6&'#-%(0.&! P6.! 0(! .&':0! .C36.&'#&! #! 7)#0,.&! '.0&%(0.&! '#/.&! -(*(! /#&! P6.! 6'%/%J#*(&!.0!-#2%,#,.&!3)(C%*#/.&!.0!?b!#0'.)%().&!9!b!.0!./!'.)-%(!7%07%2#/! ! ]%3(!DD! =.!6'%/%J#!3#)#!./#;()#)!-6#/P6%.)!'%3(!,.!%0-)6&'#-%80!9!&6!3)(3()-%80!,.!-(;).!.&!%76#/!#!/#!,./!'%3(!DI! -(0'%.0.!#/760#!3()-%80!,.!3/#'%0(!9!3#/#,%(! !

S"F%(999(

]%.0.!*#9()!-#0'%,#,!,.!3/#'%0(!9!,.!3#/#,%(I!&6!6&(!.&'#!/%*%'#,(!#!%0-)6&'#-%(0.&I!-()(0#&!9!#0-/#Q.&! E36.0'.&A! !

S"F%(9J((

=.! 6'%/%J#! .0! -(/#,(&! ,.! 7)#0,.&! .C'.0&%(0.&I! .0! 3)8'.&%&! 3#)-%#/.&! (! ,.! 60#! &(/#! 3%.J#! ,.! ;#))#&! /%076#/.&!9!,.!;#))#&!3#/#'%0#&4! ! ! 545(;24<79;5(

! 5&!60!()(!,.!#/'#!16&%80!E,.!?bckj!V!#!?Mfbj!VA!.&!6'%/%J#,(!3#)#!$#-.)!160,#&!.0!3)8'.&%&!-(*;%0#,#&! .0!3()-./#0#! ! _('#>!5/!()(!#/!3#&#)!,./!.&'#,(!#/!&(0%,(!&61).!60#!-(0')#--%80!,.!Kq!9!,.;.):!,.!&.)!-(0,.0&#,#! 3()!./!).2.&'%*%.0'(!./!-6#/!,.;.):!.C3#0,.)&.!60!K4?! ! p0#!%0-)6&'#-%80!,.!()(!).3).&.0'#!60#!).&'#6)#-%80!,.0'#/!,.!-.)#!3.),%,#I!-(0&%&'.!.0>! ! ?A p0!3#')80!P6.!).3)(,6-.!/#!1()*#!,.!/#&!3#)'.&!3.),%,#&!,.!/#!.&')6-'6)#!,.!60!,%.0'.I!9!P6.! /6.7(!,.!).&'%)#)&.!-(0!*.'#/I!&.!-6;).!-(0!60!).2.&'%*%.0'(!P6.!.&'#!1()*#,(!#!;#&.!,.!&
( ;0&'(F'&'(0*'C%&')"A,(@0*(F'$&A,( ! "#!-.)#!P6.!&.!6'%/%J#!,.;.!,.!).60%)!).P6%&%'(&!9!,.;.!&.)!*#0%36/#,#!,.!1()*#!#,.-6#,#4!@.;.).*(&! ,.!,#)!/#!#0#'(*<#!,.!/#!3%.J#!3#)#!60!;6.0!).&6/'#,(! !

5C$0,)"A,(@0*(F'$&A,(@0()0&'( ! O#9!K!*+'(,(&4!5/!@%).-'(!P6.!&.!')#;#Q#!/#!-.)#!,%).-'#*.0'.!.0!/#!;(-#!,./!3#-%.0'.!9!./!*+'(,(! D0,%).-'(! P6.! &.! ./#;()#! 60! *(,./(! ).3/%-#! ,./! ,%.0'.! 3).3#)#,(! (;'.0%.0,(! #! ')#2+&! ,.! 60#! %*3).&%80! ! 415

;%.F%#")"A,( g:&%-#*.0'.!'(,#&!/#&!-.)#&!.&':0!-(*36.&'#&!3()>! x x x

X#)#1%0#!,.!Nbq!#!cbq! h(*#!@#*#)#! V(/()#0'.&!

!

Y'&'E",'(

! 5&!60!,.)%2#,(!,./!3.')8/.(! !

/%.'(}(1'.'&'(

! 5&!60!,.)%2#,(!,.!/#!).&%0#!,.!60!3%0(I!#6*.0'#!/#!).&%&'.0-%#!P6.!,#!60#!&63.)1%-%.!/%&#!9!/6&')(&#! ! ](,#&! .&'#&! &6&'#0-%#&! 36.,.0! #,%-%(0#)&.! .0! ,%1.).0'.&! -#0'%,#,.&! 1<&%-#&I! /(&! '%3(&! ,.! -.)#! &.! -/#&%1%-#0!&.7G0!&6!360'(!,.!16&%80! ]%3(!D!Ü!@6)#&! ! ]%3(!DD!Ü!L.,%#0#&!(!H.76/#).&! ! ]%3(!DDD!Ü!g/#0,#&!(!V#/%;)#,#&! ! ! x ]%3(! D4m! =6! '%3(! ,.! 16&%80! .&'#! 3()! #))%;#! ,.! /#! '.*3.)#'6)#! ,.! /#! ;(-#! Nbj! V! 9! &.! -(0(-.! -(*(! -.)#! #J6/I! &.! 3).&.0'#! .0! 1()*#! ,.! ;#))#! 9! &.! 6'%/%J#! 3()! ./! *+'(,(! ,%).-'(!%0,%2%,6#/! x ]%3(!DD4m!]%.0.!60!360'(!,.!16&%80!,.!}Kkj!VI!&6!-(/()!.&!)(&#!9!&.!3).&.0'#!.0!1()*#! ,.!$(Q#&! x ]%3(!DDD4m!!=6!360'(!,.!16&%80!.&!;#Q(I!,.!?bj!V!#!?kj!V!9!&.!&6;,%2%,.!.0>! %4 V#/%;)#,#&!3#)#!H.;#&.&!9!#Q6&'#)!3#')(0.&!,.!-.)#! %%4 F,$.&%2#&!(!X.7#Q(&#&! %%%4 X#)#!3#')(0.&!,.!3)8'.&%&!).*(2%;/.&! %24 X#)#!3/#-#&!;#&.! 24 X#)#!'(*#!,.!*(),%,#! !

>')$%&0#(O?0('*$0&',(*'(0#$'C"*"@'@(@".0,#"%,'*(@0(*'#()0&'#( !

!

?A 5C-.&%2(!-#/()!,6)#0'.!/#!*#0%36/#-%80! KA 50! -#&(! ,.! *+'(,(! ,%).-'(I! ./! -#*;%(! ,.! /#! '.*3.)#'6)#! ,.! /#! -#2%,#,! ()#/! #/! ,./! *.,%(! #*;%.0'.! MA F3/%-#-%80!,.!-#/()!,6)#0'.!./!'#//#,(! NA F,%-%(0#)!-.)#!-#/%.0'.!#!60!3#')80!9#!-(01()*#,(! kA ].*3.)#'6)#!#*;%.0'.!

5C$0,)"A,(@0*(F'$&A,(@0()0&'( !

! 416

?A =.!#3/%-#!60!&.3#)#,()!3#)#!P6.!/#!-.)#!0(!&.!#,$%.)#!#/!9.&(! KA =.! #;/#0,#! /#! -.)#! #J6/! ,.! *#0.)#! P6.! 3).&.0'.! ./! &61%-%.0'.! .&-6))%*%.0'(! 3#)#! //.0#)! /(&! :076/(&!,.!/#!-#2%,#,!

S^),")'(@0(8*%O?0(

! =.!-#/.0'#):!#!/#!1/#*#!,%).-'#!/#!;#))#!,.!-.)#!&.-:0,(/.&!360'#4!X#)#!(;'.0.)!/#!-#0'%,#,!&61%-%.0'.!,.! *#'.)%#/!).;/#0,.-%,(!3#)#!).;#&#)!/#!-#2%,#,!P6.!$.*(&!,.!).$#;%/%'#)!&.!-(/(-#!./!;/(P6.!,.!-.)#!.0! /#!3%.J#!9!3).&%(0#).*(&!$#&'#!//.7#)!#/!#)).#!,.!')#;#Q(! ! =.!).-()'#!./!.C-.,.0'.!9!&.!'#//#!-(0!60#!.&3:'6/#!,.!/.-)(0I!,.!H(-$!(!,.!Y.7.04! ! =.!.01)<#!/#!.&3:'6/#!!3#)#!,#)/.!/#!'.*3.)#'6)#!).P6.)%,#I!&.!-(/(-#!./!*(,./(!#0'#7(0%&'#!9!&.!2.!P6.! 1/69#!&%0!.&'();#)/#! !

S^),")'(@0(/%$0%(

! =.!7('.#!,%).-'#*.0'.!/#!-.)#!$#&'#!&(;).!(;'6)#)4!50!/#!'+-0%-#!&.!7('.#!,./!1(0,(!,.!/#!-#2%,#,!$#&'#! P6.!&.!//.0.!9!&.!).3()'#4!5&!0.-.&#)%(!).2.&'%)!06.&')(!3#')80!,.!-.)#!%0*.,%#'#*.0'.!(!&.!3)(,6-%):0! -#*;%(&!,.!2(/6*.0!P6.!%*3.,%):0!&6!#Q6&'.!1%0#/! !

/"F#%(

! 5&'.!*#'.)%#/!&61).!.C3#0&%80!P6.!&.!-(*3.0&#!-(0!/#!-(0')#--%80!,.!()(! !

;*'#"E")')"A,(P(?#%(@0(*%#(&0G0#$"."0,$%#( ! ]%3(!D! =.!6'%/%J#!3#)#!2#-%#,(&!,.!%0-)6&'#-%(0.&!9!-()(0#&! !

S"F%(99(

=.! 6'%/%J#! 3#)#! ./! *%&*(! 1%0! 9! 3).&.0'#! 60#! .C3#0&%80! $%,)(&-(3%-#! /#! -6#/! -(0&%&'.! .0! &6*.)7%)! ./! ).2.&'%*%.0'(!,6)#0'.!./!1)#76#,(!.0!#76#!3()!/(!-6#/!2#!#!&.)!P6.!/#!.C3#0&%80!&.#!*#9()! !

S"F%(999(

=.!6&#!3#)#!-(/#,(&!,.!#3#)#'(&!).*(2%;/.&!,.!-)(*(!-(;#/'(! ! - V(*3(&%-%80! g:&%-#*.0'.! .&'#! 1()*#,(! 3()! 60! 9.&(! F/1#! P6.! .&! #7/6'%0#0'.! 9! -(0'%.0.! 60! NkqI! -(0'%.0.!=
S0&.",'@%(@0(*'(9,)&?#$')"A,(

! =.!).'%)#!./!-6;%/.'.!,.!/#!-.0')<167#!9!/#!%0-)6&'#-%80!'(*#!60!-(/()!)(Q(!9!/#!&6*.)7%).*(&!.0!#76#! 3()!/(!-6#/>! ! ?A "#!#/.#-%80!&.!#;/#0,#! KA 5/!).2.&'%*%.0'(!&.!,.&%0'.7)#!-(0!./!#76#! MA =.!/#2#!;%.0!-(0!#76#!-#/%.0'.!9!./!-(/()!,./!()(!&.):!,.!-(/()!0.7)(!,.;%,(!#/!-#);80!P6.!&.! P6.,#!#/!P6.*#)&.4!X#)#!./%*%0#)!.&'.!-(/()!0.7)(!&.!&6*.)7.!./!()(!.0!:-%,(!*60%#'%-(! NA =.!/#2#!-(0!#76#! kA =.!-()'#!9!&.!;)6[.!/#!&63.)1%-%.!3#)#!P6%'#)!.C-.,.0'.&! cA =.!/.!3(0.!60!#7.0'.!36/%,()!-(*(!./!)(Q(!%07/.&!9!#&
fA =.!;6&-#!60!360'(!,.!-(0'#-'(!9!&%!.&!;6.0(!/#!-.*.0'#*(&!-(0!(C%,(!,.!J%0-!(!-6#/P6%.)! (')(!-.*.0'(! ! ! Y54;26-=-(

!

Y&0#0,$')"A,( 5&!60!3(/2(!P6.!&.!*.J-/#!-(0!#76#!,.&'%/#,#!9!60#!2.J!160,%,(!9!,.Q#,(!.01)%#)!).&6/'#!60!&8/%,(!-(0! #&3.-'(!2<').(! !

;'*"@'@(@0(Y%&)0*','(P(>')$%&0#( !

?A =./.--%80!,.!-(*3(0.0'.&! KA V()).-'#!3).3#)#-%80!,.!-#,#!60(!,.!.//(&! MA 5/!-(0')(/!,.!3)(-.&(!,.!-(--%80!E$()0.#,(A! ! x V(*3(0.0'.&!g:&%-(&! ! B./,.&3#'(! =
d?q! ?kq! Nq! ?q!

Y&%F"0@'@0#( !

x B./,.&3#'(! ".! -(01%.).! ')#&/6-%,&.! 9! #-'G#! -(*(! #7/6'%0#0'.! ,./! -#(/<0! 9! ,./! &
! 418

V/#&%1%-#-%80!,.!/#&!X()-./#0#&! ! =.!-/#&%1%-#0!,.!#-6.),(!#!&6!'.*3.)#'6)#!,.!*#,6).J! ! @.1%0%-%80!,.!'.*3.)#'6)#!,.!*#,6).J4m!5&!/#!'.*3.)#'6)#!#!/#!-6#/!&.!$#!&(*.'%,(!./!*#'.)%#/!3#)#! (;'.0.)!60!3)(,6-'(!,.!3)(3%.,#,.&!1<&%-#&!9!.&'+'%-#&4!5&!/#!'.*3.)#'6)#!#!/#!P6.!&.!160,.!&%0!.&-6))%)! ! x x x

]%3(!D4m!=.!,.0(*%0#!,.!#/'#!'.*3.)#'6)#!,.!*#,6).J!P6.!2#!,.!?Kddj!V!#!?Mf?j!V! ]%3(!DD4m!!(!*.,%#!.&!,.!??nMj!V!#!?Kcbj!V! ]%3(!DDD4m!(!,.!;#Q#!'.*3.)#'6)#!2#!,.!dfbj!V!#!?bcMj!V!

! ! p&(&! "#! ,.! #/'#! '.*3.)#'6)#! &.! 6'%/%J#! .0! /#! -(01.--%80! ,.! ,%.0'.&! #)'%1%-%#/.&! 9! '#*;%+0! 3#)#! -()(0#&! 9! 160,#&4! ! "#! ,.! '.*3.)#'6)#! *.,%#! &.! 6'%/%J#! .0! /#! ./#;()#-%80! ,.! -()(0#&I! 160,#&I! -()(0#! (! ).1.).0'.! #! /#! .&'+'%-#! ! "#!'.*3.)#'6)#!,.!;#Q#!&.!6'%/%J#!.C#-'#*.0'.!%76#/!P6.!/#!'.*3.)#'6)#!*.,%#! ! ! h/#&.#,().&! ! 419

5&! 60! ).2.&'%*%.0'(! -.):*%-(! P6.! &.! #7).7#! #! /#! ).&'#6)#-%80! ,.! 3()-./#0#! ,.&36+&! ,.! P6.! $#! &%,(! -(-%,#I!#&
!

?A =(0! .&'+'%-#&I! 36.&! %*%'#0! 3.)1.-'#*.0'.! /#! &63.)1%-%.! ,./! ,%.0'.! '#0'(! .0! -(/()! -(*(! .0! #3#)%.0-%#! KA =(0!%0&(/6;/.&!#!/(&!1/6%,(&!;6-#/.&! MA =(0!).&%&'.0'.&!#!/#&!16.)J#&!,.!-(*3).&%80! NA _(!&61).0!,.&7#&'.!3()!/#!*#&'%-#-%80!

@.&2.0'#Q#&!

!

?A =(0! 3(-(&! ).&%&'.0'.&! #! /#&! 16.)J#&! ')#--%(0#/.&! #60P6.! 60#! 160,#! ,.! *.'#/! ,.;#Q(! ,.! /#! 3()-./#0#!#6*.0'#!&6!).&%&'.0-%#! KA =6!*#0%36/#-%80!.&!,./%-#,#!9!-(*3/.Q#!9!3()!/(!*%&*(!'%.0.!60!#/'(!-(&'(! MA =61).!60#!*#)-#,#!-(0')#--%80!,6)#0'.!/#!-(--%80! NA =6&!;(),.&!-.)2%-#/.&!P6.,#0!7)6.&(&!9!0(!3.)*%'.0!60!#Q6&'.!.C#-'(!-(0!/#!.0-<#!

! L#0%36/#-%80!,.!/#&!3()-./#0#&! ! "#!3()-./#0#!,.0'#/!.0!-6#/P6%.)#!,.!&6&!'%3(&!&.!*#0.Q#!,.!*#0.)#!&%*%/#)! ! #A =.!'(*#!60#!%*3).&%80!,./!*6[80!3).2%#*.0'.!'#//#,(!.0!./!,%.0'.! 420

;A @.!.&'#!%*3).&%80!&.!(;'%.0.!60!*(,./(!(!')(P6+!,./!,%.0'.!3).3#)#,(! -A =(;).!.&'.!')(P6+!&.!#,#3'#!9!&.!;)6[.!60#!,./7#,#!/#*%0#!,.!3/#'%0(!//#*#,#!*#')%J! ,A =.! *.J-/#! ./! 3(/2(! ,.! /#! 3()-./#0#! -(0! #76#! 3#)#! 1()*#)! 60#! 3#&'#! /#! -6#/! &.! #3/%-#! &(;).!/#!*#')%J! .A "#!3#&'#!&.!*(,./#!$#&'#!(;'.0.)!/#!3)(,6--%80!#0#'8*%-#!,./!,%.0'.!P6.!&.!')#'.4! ! ! 5/!*(/%,./*(!-(0'%.0.!3.P6.[#&!3)(3()-%(0.&!,.>!! x x

g.)%/%(! ]607&'.0(!

! V(0!/(!-6#/!*.Q().0!&6&!3)(3%.,#,.&4! ! ! x V)(*(! @#!).&%&'.0-%#!#!/#!3%7*.0'#-%80I!%0(C%;%/%,#,!P6.!%0'.)2%.0.!.0!60!Kbq! x V(;#/'(! F6*.0'#!/#!./#&'%-%,#,I!,6).J#!9!).&%&'.0-%#! x V#);(0(! F6*.0'#!/#!).&%&'.0-%#I!,.;.!.0-(0')#)&.!.0!60!Kq!3#)#!6&#)&.!.0!Z,(0'(/(7<#! x L(/%,./*(! F/!!%76#/!P6.!./!-#);(0(!#6*.0'#!&6!,6).J#I!,.;.!,.!.0-(0')#)&.!.0!60!cq! ! "(&!,.*:&!-(*36.&'(&!#6*.0'#0!/#!1/6%,.J!3#)#!.&'#&!#/.#-%(0.&! ! ! F/.#-%80!9!X6/%,(! ! 421

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Å%.3./7$%.! ! 5&!60#!&6&'#0-%#!-(*3/.'#!3.)*#0.0'.!,.!&
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

! "(&!*:&!6&6#/.&!&(0!./!&
]%)#!,.!Z)(!

x x

Z)(!.0!$(Q#&! 5&1.)#&!,.!Z)(!

! 5&'.!*.'#/!'%.0.!/#!3)(3%.,#,!,.!&(/,#)&.!#!'.*3.)#'6)#!#*;%.0'.!-6#0,(!.&!&(*.'%,(!#!3).&%80! ! ! ].*3/#,(! ! ?A =.!/(7)#!-#/.0'#0,(!3.P6.[#&!-#0'%,#,.&!,.!()(!.0!60#!/#*%0#!-(/(-#,#!&(;).!60!*.-$.)(! KA 5/!'.*3/#,(!).*6.2.!./!7#&!P6.!-(0'%.0.!./!()(!-($.&%2(! MA H.,6-.!./!.0,6).-%*%.0'(!3)(2(-#,(!.0!/(&!.C').*(&!#/!-()'#)!/#!$(Q#!,.!()(! ! ! Y.0'#Q#&! ?A KA MA NA kA !

5C-./.0'.!#,#3'#;%/%,#,!#!/#&!3#).,.&!,.0'#)%#&!,.!/(&!*:)7.0.&!,.!/#!-#2%,#,! _(!&.!-())(.I!0%!&.!,.&')69.!-(0!/(&!1/6%,(&!,.0'#/.&I!0%!-(0!/(&!3)(,6-'(&!,.!-.*.0'#-%80! _(!%))%'#!/(&!'.Q%,(&!;/#0,(&! =%!&.!$#!-(0,.0&#,(!-()).-'#*.0'.!.&!1:-%/!9!):3%,(!,.!36/%)! 5&!#/'#*.0'.!).&%&'.0'.!#!/#&!16.)J#&!*#&'%-#'()%#&!

@.&2.0'#Q#&!

! ! ! ! ! ! ! ! ! ! ! !

?A KA MA NA

@%1.).0'.!-(/()!#!/(&!,%.0'.&! V(0,6-'%2%,#,!].)*(!5/+-')%-#! L#0%36/#-%80!,./%-#,#! F/'(!-(&'(!

425

! ! ! ! ! ! ! ! ! ! ! !

6-(Y6-;-(8-;S249-=-! ! ! Y6-;-(12=S-6](10E",")"A,! ! ! ;57Y539;95=(79;4589-=-(12(653(19>242=S23(S9Y53( 12(Y6-;-(12=S-6( ! 9]R(Y6-;-(3LY4-/9=/9J-6( ! • 6-(Y269;L6-(-1KL9491-4!! ! • ;565=9b-;95=(Y497-49-! ! • !"#!;565=9b-;95=(32;L=1-49-! ! • "#!Y6-;-(7-1L4-4!VZLXZ=DVDZ_>! ! ( ( R(;%)%#(B&'.(i~j! ! ( ( R(;%)%#(B&'.(iRj! ! ! ! m!8')"*%#(B&'.i~j( ( ( ( R(8')"*%#(B&'.(iRj( ! ( ( R(2#F"&%O?0$'#! ! ( ( R(5$&%#(.")&%%&B',"#.%#( ! • "#!>-32(12((79=24-69b-;95=](S254X-3!3#)#!.C3/%-#)!/#!.",0&'*"c')"A,I( ! ( ( ( ( ( ( ( ( -I(Y0*+)?*'('@O?"&"@'( ( ( ( ( ( ( ( 8(P(;I(;%*%,"c')"A,(F&".'&"'( ( ( ( ( ( ( ( 1I()%*%,"c')"A,(30)?,@'&"'( 426

( ( ( ( ( ( ( ( ( ( ( ( ( ( 99]R(Y6-;-(3L8/9=/9J-6! ! ;-4-;S2493S9;-3>! !

(

2I(Y*')'(.'@?&'(

(

>I(7",0&'*"c')"A,(

R(2#$&?)$?&'(','$A.")'(@0*(#?&)%! R(Y!(@0*(#?&)%! !

R(Y%$0,)"'*(@0(%D"@%R&0@?))"A,! R(6"O?"@%(B",B"G'*! R(2#$'@%(@0(#'*?@(%(0,E0&.0@'@(F0&"%@%,$'*!

! 65;-69b-;95=I( ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ( ( Y6-;-(3L8/9=/9J-6(-1!2491-(-6(192=S2( ( Y6-;-(3L8/9=/9J-6(=5(-1!2491-(-6(192=S2( ! ! m!X/#-#!&6;7%07%2#/!1/('#0'.! ! ! 9!X/#-#!&6;7%07%2#/!#,$.)%,#!#/!.3%'./%(! ! 999]R(Y6-;-(9=S24Y45[97-6( ! 9J]R(Y6-;-(12(>53-3(Z(>93L4-3( ! 427

J]R(Y6-;-(12(3LY24>9;923(4-19;L6-423! ! ! 895KL979;-(12(653(19>242=S23(S9Y53(12(Y6-;-(12=S-6( ! ! 9]R(Y6-;-(3LY4-/9=/9J-6! ! #23<2(*)*7,!-/!%'!7-S49b(-;26L6-4](

(

( M]R(;57YL23S53(9=54/<=9;53( ( ( Q]R(-/L-( ! ( U]R(!914-S53(12(;-485=5! ! ( V]R(Y45S2X=-3I!! ! 99]R(Y6-;-(3L8/9=/9J-6! ! 999]R(Y6-;-(9=S24Y45[97-6( ! 9J]R(Y6-;-(12(>53-3(Z(>93L4-3! ! J]R(Y6-;-(12(3LY24>9;923(4-19;L6-423! ! ! 6-(Y6-;-(8-;S249-=-! ! ! ! ! CARIES DENTAL ENFERMEDAD PERIODONTAL ! ! ! ! HIGIENE BUCAL ! ! ! PLACA SUPRAGINGIVAL PLACA SUBGINGIVAL Sustrato: ! Sustrato: liquido Azucares ! MICROORGANISMOS MICROORGANISMOS crevicular ! ACIDOGÉNICOS PROTEOLÍTICOS ! GRAM + GRAM ! ! ! DIENTES TEJIDOS PERIODONTALES ! ! ! Y6-;-(8-;S249-=-(;-495/f=9;-! ! Y6-;-(8-;S249-=-(Y249515=S5/f=9;-! ! 428

! !

7219;-72=S53(2=(515=S565/9-(

!

?4 "Z=!F_5=]5=DVZ=! ! B:)*#-(&!P6.!&.!.*3/.#0!3#)#!3)(*(2.)!60#!3+),%,#!'('#/!(!3#)-%#/!,.!/#!&.0&%;%/%,#,I!/#&!).&36.&'#&! ).1/.Q#&!9!/#!*(2%/%,#,4! ! 50!(,(0'(/(7<#!&.!.*3/.#0!160,#*.0'#/*.0'.!3#)#!.2%'#)!./!,(/()4! ! "(&!#0.&'+&%-(&!36.,.0!&.)!/(-#/.&I!).7%(0#/.&!9!7.0.)#/.&4! ! !

!

!

!

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o o o o o

-#),%83#'#&!$%3.)'.0&(&! ,%#;+'%-(&! -(0!$%3.)'%)(%,%&*(! .0!')#'#*%.0'(!-(0!-%.)'(&!3&%-(1:)*#-(&! 7/#6-(*#!9!(')#&!3#'(/(7<#&4!

"(&!#0.&'+&%-(&!/(-#/.&!'#),#0!60!-%.)'(!'%.*3(!.0!.Q.)-.)!&6!160-%804!E3.)%(,(!,.!/#'.0-%#A4! @.&36+&!#-'G#0!&(;).!./!0.)2%(!;/(P6.#0,(!&6!160-%(0#*%.0'(4!]#*;%+0!3)(,6-.0! 2#&(,%/#'#-%80I!1#-%/%'#0,(!-(0!.//(!&6!3#&(!#/!'()).0'.!L<0.(4!X(&'.)%()*.0'.!&.!*.'#;(/%J#0! .0!./!$<7#,(!9!&.!./%*%0#0!-(0!/#!()%0#4! ! ?4 F*%,#&!*:&!6'%/%J#,#&! ! 50!(,(0'(/(7<#!&.!6�!&(;).!'(,(>! Z')(&!'%3(&!*.0(&!6'%/%J#,(&!&(0>! ! ! o /%,(-#<0#! o 3)%/(-#<0#! o *.3%2#-#<0#! o ;63%2#-#<0#! o #)'%-#<0#4! o .'%,(-#<0#4! K4 B()*#&!,.!#,*%0%&')#-%80! ! #A J+'( $AF")'>! X6/2.)%J#-%(0.&! (! '(P6.&! -(0! '()60,#&! .0! /#&! *6-(! =6./.! $#-.)&.! 3).2%#*.0'.!#!/#!%01%/')#-%804! ! 429

;A 49,E"*$&')"A,>!D09.--%80!.0').!/(&!'.Q%,(&4!5/!(,(0'8/(7(!6'%/%J#!-:)36/.&!E#*3(//#&!,.!6&(! G0%-(AI! #76Q#&! ,.&.-$#;/.&! 9! Q.)%076%//#&! .&3.-%#/.&! P6.! #-'6#/*.0'.! .C%&'.0! '('#/*.0'.! ,.&.-$#;/.&4! !

! !

"#!%01%/')#-%80!36.,.!&.)>! ! o Y0&"'F")'*>! =.! 6&#! .0! /#! #)-#,#! &63.)%()4! "#! #0.&'.&%#! &.! #3/%-#! 3()! .0-%*#! ,.! /(&! :3%-.&!)#,%-6/#).&!,.!/(&!,%.0'.&!#!0%2./!2.&'%;6/#)4! ! o S&%,)?&'*>!X6.,.!6'%/%J#)&.!.0!./!*#C%/#)!&63.)%()!9!&%.*3).!.0!./!%01.)%()4!D0$%;.!/#! &.0&%;%/%,#,!,.!2#)%#&!3%.J#&!,.0'#/.&!(!60#!).7%80!-(*3/.'#4! ! o 9,$&'*"B'.0,$'&"'>! =.! -(/(-#! .0! ./! /%7#*.0'(! 3.)%(,(0'#/4! F-'6#/*.0'.! .&':! .0! ,.&6&(I!3.)(!.0!-%.)'#&!(-#&%(0.&!).&6/'#!-(02.0%.0'.4! ! o Y?*F'&>!=.!6&#!.0!')#'#*%.0'(&!.0,(,80'%-(&!0()*#/*.0'.!-(*(!-(*3/.*.0'(!,.!/#! #0.&'.&%#!3.)%#3%-#/!9!')(0-6/#)4! M4 @(&%&!#,.-6#,#&!,.!#0.&'.&%#!/(-#/! ! ! !

430

o 1%#"#('@0)?'@'!.&!/#!0.-.&#)%#!3#)#!3)(,6-%)!./!.1.-'(!#0.&'+&%-(!,.&.#,(4! o 1%#"#( $AD")'>! V#0'%,#,! ,.! #0.&'+&%-(! (! 2#&(-(0&')%-'()! -#3#J! ,.! 3)(,6-%)! 60! .1.-'(! '8C%-(4! o 1%#"#( #0B?&'( .HD".'>! V#0'%,#,! *:C%*#! P6.! 36.,.! #,*%0%&')#)&.! .0! 60#! 3.)&(0#! �#!,.!cb!Å74!

N4 5'#3#&!,.!/#!#,*%0%&')#-%80!9!160-%80!,./!(,(0'8/(7(!! ! "#!#0.&'.&%#!'83%-#!&.!6'%/%J#!3).2%#*.0'.!#!/#!%01%/')#-%80!(!#0'.&!,./!6&(!,.!)#&3#,().&!9!-6).'#&4! ! ?4 5/!(,(0'8/(7(!3#/3#!/#&!).1.).0-%#&!#0#'8*%-#&!3#)#!/(-#/%J#)!./!:).#!,.!3.0.')#-%80!,.!/#! #76Q#4! K4 5/!:).#!,.!3.0.')#-%80!&.!&.-#!-(0!60#!7#! M4 =.!#3/%-#!./!#0.&'+&%-(!'83%-(!,6)#0'.!./!'%.*3(!-(02.0%.0'.4! N4 =.!#-/#)#!/#!#0.&'.&%#!'83%-#I!&.!#&3%)#!9!&.!&.3#)#0!/(&!'.Q%,(&!*82%/.&!3#)#!2%&6#/%J#)!./!:).#! ,.!3.0.')#-%804! k4 =.!#3/%-#!&(/6-%80!#0'%&+3'%-#4! c4 V6#0,(! .&! 3(&%;/.! ./! -/<0%-(! .&'#;/.-.! 60! 16/-)(! (! 360'(! ,.! #3(9(! 3#)#! 7#)#0'%J#)! /#! .&'#;%/%,#,!,.!/#!Q.)%07#!,6)#0'.!/#!%09.--%804! f4 =.!%0&.)'#!/#!#76Q#!9!&.!%09.-'#!/.0'#*.0'.! d4 =.!).'%)#!/#!#76Q#4! ! k4 B60-%(0.&!,./!#6C%/%#)! ( ?4 X).3#)#!/#!Q.)%07#!-(0!./!#0.&'+&%-(!9!/#!#76Q#!-(0!./!'#*#[(!#,.-6#,(4! K4 F3/%-#!/#!#0.&'.&%#!'83%-#!,6)#0'.!./!'%.*3(!3).2%&'(!9!/#!#-/#)#4! M4 X#&#!#/!(,(0'8/(7(!./!#0.&'+&%-(!#,.-6#,(4! N4 50').7#!/#!Q.)%07#!16.)#!,.!/#!2%&%80!,./!3#-%.0'.4! k4 ])#0P6%/%J#!#/!3#-%.0'.4! c4 H.-#)7#!/#!Q.)%07#!&%!.&!0.-.&#)%(4! f4 F-/#)#!/#!;(-#!,./!3#-%.0'.!

d4 X.)*#0.-.!-(0!./!3#-%.0'.!&%!0(!/(!$#-.!./!(,(0'8/(7(! n4 F0('#!-#0'%,#,!9!'%3(!,.!#0.&'.&%#!.0!/#!$%&'()%#!,./!3#-%.0'.4! ( c4 V(*3/%-#-%(0.&!,.!/#!#0.&'.&%#! !

!

o !0.'$%.'>!X6.,.!3)(,6-%)&.!&%!&.!%09.-'#!.0!60!:).#!*69!2#&-6/#)%J#,#!!(!.0!60!7)#0! 2#&(4! o S&"#.?#>! @%1%-6/'#,! 3#)#! #;)%)! /#! ;(-#! 3()! .&3#&*(! *6&-6/#)! (! ')#&'()0(! *('()! ,./! ')%7+*%0(4! o 2#E')0*%(.+#$")%>!H.&'(!%01/#*#'()%(!.0!3)(-.&(!,.!&.3#)#-%80!,.!/#&!3#)'.&!2%#;/.&!,./! -6.)3(4! o 7%&@"@'#(0,(*'C"%(%(.0\"**'4! o Y'&H*"#"#(E')"'*>!@.;%/%,#,!*6&-6/#)!.0!./!/#,(!,.!/#!#,*%0%&')#-%80I!3)(,6-%.0,(>! ! o D0-#3#-%,#,!3#)#!-.))#)!./!(Q(4! o Z;/%'.)#-%80!,./!&6)-(!0#&(7.0%#0(! o V#<,#!,.!/#!-(*%&6)#!/#;%#/!

;4 F0.&'+&%-(&!7.0.)#/.&! ! =#/2(!.0!/#&!'+-0%-#&!,.!-%)67<#!*#C%/(1#-%#/!0(!&6./.0!.*3/.#)&.I!#!.C-.3-%80!,.>! ! o Z,(0'(3.,%#')<#! o X#-%.0'.&!,%&*%06%,(&!3&
431

! =.!#,*%0%&')#0!3()!2<#!%0$#/#'()%#!(!%0')#2.0(&#I!&%.*3).!.0!./!:*;%'(!$(&3%'#/#)%(!(! -.0')(&!P6.!-6.0'.0!-(0!./!.P6%3(!#,.-6#,(!9!*+,%-(&!#0.&'.&%&'#&4! ! ! ! ! !

K4 Z]HZ=!L5@DVFL5_]Z=!@5!p=Z!Z@Z_]Z"ZhDVZ! !

#4 =.,#0'.&! !

! ! !

!

! ! !

=.!3).&-)%;.0!#!3#-%.0'.&!0.)2%(&(&!(!3(-(!-(/#;()#,().&4! ! o X6.,.!&.)!3()!2<#!%0')#2.0(&#!-(*(!/#&!C0,c%@"')0F",'#I!.0!-69(!-#&(!&.!0.-.&%'#! 3.)&(0#/!.C3.)'(!9!#3#)#'(/(7<#!#3)(3%#,#!3#)#!).&(/2.)!3(&%;/.&!-(*3/%-#-%(0.&4! o "#! &.,#-%80! *:&! &.76)#! 9! /#! *#9()*.0'.! .*3/.#,#! .0! -/<0%-#&! ,.0'#/.&! .&! /#! ",T'*')"A,(@0(F&%$AD"@%(@0(,"$&AB0,%()%.C",'@%()%,(%D+B0,%4!

;4 F0#/7+&%-(&!9!#0'%%01/#*#'()%(&! o -9=23!E#0'%%01/#*#'()%(&!0(!.&'.)(%,.&A!F,.*:&!,.!&6!#--%80!#0'%%01/#*#'()%#!&(0! #0#/7+&%-(&!9!#0'%3%)+'%-(&I!-(*(!/(&!&#/%-%/#'(&I!/#&!3%)#J(/(0#&!9!(')#&!&6&'#0-%#&4! ! o ;%&$")%#$0&%"@0#I(h)#0!3(,.)!#0'%%01/#*#'()%(4!=.!6'%/%J#0!-(*(!'.)#3%#!7.0.)#/!E2<#! %0')#2.0(&#!(!%0')#*6&-6/#)AI!(!'83%-#4!"(&!,.!6&(!(,(0'(/87%-(!*:&!-(*60.&!&(0!/#! -()'%&(0#!E()%7.0!0#'6)#/A!9!/#!3).,0%&(/(0#!E,.!()%7.0!#)'%1%-%#/!(!&<0'.&%&A4! ! o -,'*B^#")%#(.'P%&0#I!-(*(!0#)-8'%-(&!,.)%2#,(&!,.!/#!*()1%0#!9!/#!-(,.<0#]!"(&! ,.)%2#,(&! ,.! /#! -(,.<0#! &6./.0! .*3/.#)&.! -(*;%0#,(&! -(0! #0#/7+&%-(&! *.0().&! -(*(!./!3#)#-.'#*(/4!

! -4 F0'%;%8'%-(&!9!#0'%&+3'%-(&! =.!6'%/%J#0!3#)#!3).2.0%)!(!-(*;#'%)!/#&!%01.--%(0.&>! ! o -,$"C"A$")%#>! =6./.0! 6&#)&.! 3.0%-%/%0#&I! *#-)8/%,(&I! P6%*%('.):3%-(&! ,.! &<0'.&%&! 9! (-#&%(0#/*.0'.!'.')#-%-/%0#&4! o -,$"EW,B")%#>!V(0')#!/(&!$(07(&4!_%&'#*%0#I!*%-(0#J(/I!-/(')%*#J(/4! o -,$"#^F$")%#>!V/()$.C%,%0#!9!$.C.'%,%0#I!7.0.)#/*.0'.!.0!1()*#!,.!-(/6'()%(&4!

,4 V(#76/#0'.&!(!$.*(&':'%-(&! ! 50!/#!-(0&6/'#!$#;%'6#/*.0'.!&(/(!&.!3).-%�!#-'6#-%(0.&!/(-#/.&!3#)#!-()'#)!/#&! $.*())#7%#&4!V6#0,(!.&':0!&(0!*69!&.2.)#&!(!./!3#-%.0'.!&61).!#/7G0!')#&'()0(!,.!/#! -(#76/#-%80I!,.;.!#'.0,+)&./.!.0!60!$(&3%'#/4! ! 432

! !

"(&!*:&!6'%/%J#,(&!&(0>! ! o 2#F%,\'( @0( B0*'$",'( 'C#%&C"C*0>! V(0')(/#! /#! $.*())#7%#! -#3%/#)! ,.! J(0#&! *69! 2#&-6/#)%J#,#&! 9! ,%1<-%/.&! ,.! &6'6)#)4! F0'.&! ,.! #3/%-#)/#! &.! $6*.,.-.! .0! &6.)(! 1%&%(/87%-(!(!60#!&(/6-%80!,.!')(*;%0#4! ! o ;0*?*%#'( %D"@'@'>! 7#&#! (! #/7(,80! P6%)G)7%-(! ')#'#,(! P6.! 1#2().-.! /#! -(#76/#-%80! 3()!.1.-'(!1<&%-(4!=.!6'%/%J#!.0!-%)67<#!;6-#/!9!.C(,(0-%#4! ! o S&%.C",'>! 50J%*#! 1()*#,#! .0! ./! 3/#&*#I! ,6)#0'.! ./! 3)(-.&(! ,.! -(#76/#-%80I! #! 3#)'%)!,.!/#!3)(')(*;%0#I!-#/-%(!9!')(*;(3/#&'%0#4!D0,6-.!./!3#&(!,./!1%;)%087.0(!#! 1%;)%0#I!).&6/'#!.&.0-%#/!3#)#!/#!1()*#-%80!,./!-(:76/(4! ! o J"$'.",'({>!Y%'#*%0#!/%3(&(/6;/.I!.&.0-%#/!3#)#!/#!&<0'.&%&!$.3:'%-#!,.!3)(')(*;%0#4!

.4 L.,%-#*.0'(&!,.!6)7.0-%#! 50!'(,#!-(0&6/'#!,.;.0!.C%&'%)!60#!&.)%.!,.!*.,%-#*.0'(&!3#)#!$#-.)!1).0'.!#! -(*3/%-#-%(0.&!6)7.0'.&>! ! o -@&0,'*",'>!X#)#!).#--%(0.&!#/+)7%-#&I!-$(P6.!#0#1%/:-'%-(!(!3#)#,#!-#),%#-#4! o -.",%E"*",'>!g)(0-(-(0&')%--%804! o -,$"T"#$'.+,")%#>!).#--%(0.&!#/+)7%-#&4! o 2E0@&",'>!O%3('.0&%80!#)'.)%#/4! o -$&%F",'>!;)#,%-#),%#I!$%3('.0&%804! o ="$&%B*")0&",'(#?C*",B?'*>!F07%0#!,.!3.-$(I!%01#)'(!,.!*%(-#),%(4! o ;%&$")%"@0#(@0('))"A,(&HF"@'>!H.#--%(0.&!#/+)7%-#&I!3)(-.&(&!%01/#*#'()%(&4! o Z')(&! *.,%-#*.0'(&! P6.! .&'%*.! ./! (,(0'8/(7(! .0! 3).2%&%80! ,.! *G/'%3/.&! -(*3/%-#-%(0.&! !

! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ]HFpLF]Z"ZhDF!LFaD"ZBFVDF"! ! 433

V(0&%,.)#)!&%!./!3#-%.0'.!.&!#*;6/#'()%(!(!3(/%')#6*#'%J#,(4! X#-%.0'.!3(/%')#6*#'%J#,(>! ?m Y#)%#0'.!](z0.>! ]+-0%-#!FX4!X#-%.0'.!,.-G;%'(!,()&#/4!V$#&%&!;#Q(!-#;.J#I!*.0'80!3.7#,(!#/!3.-$(4!HV! 2%.0.!,.!#'):&!$#-%#!,./#0'.I!#!0%2./!,.!*.0'804!](z0.!0()*#/`!./!HV!3#&#!k!-*!&(;).! 7/#;./#4! Y%&%80!3#0():*%-#!,./!!*#-%J(!*#C%/(1#-%#/4!! 50!J(0#!#0'.)(%01.)%()!$#9!&(;).3)(9.--%80!,.!-(/6*0#!P6.!36.,.!.0*#&-#)#)!)#&7(! ,.!1)#-'6)#4!F,.*:&!./!.&3#-%(!%0'.)2.)'.;)#/!36.,.!&.*.Q#)!1)#-'6)#4! Km Z-/6&#/!X#0():*%-#!D01.)%()>! V(0!.C'.0&%80!,./!-6.//(!9!./!'6;(!,.!Ha!#!0%2./!,./!3.-$(4! 5&!3)(9.--%80!.C'.0,%,#>!*#0,<;6/#I!3%&(!*.,%(!&63.)%()I!#)-(!J%7(*:'%-(I!#381%&%&! 3%)#*%,#/4! ! X#-%.0'.!#*;6/#'()%(>! ZXh>! 5&3.-%#/*.0'.!.0!-#&(!,.!1)#-'6)#!*#0,%;6/#)4!! L6.&')#!'(,(!./!*#C%/#)!%01.)%()4!Z;&.)2#)!J(0#&!,.!,.;%/%,#,I!J(0#!,.!'.)-.)(&! *(/#).&4! "#'.)#/!Z;/%-6#>! @.!).7%80!3#)#*.,%#0#I!-6.)3(I!)#*#4! Z-/6&#/!Z;/%-6#>!! 50!1)#-'6)#!,.!:076/(I!%0,%-#!,.&3/#J#*%.0'(!,.!1)#7*.0'(4! ! =Dh_Z=!Ha!@5!BHFV]pHF! ?m /<0.#!)#,%(/G-%,#>! =(/6-%80!,.!-(0'%06%,#,!P6.!.&!*#9()!#!*#9()!,.&3/#J#*%.0'(4! =.!(;&.)2#!60#!/<0.#!&%!./!HV!3#&#!#!')#2+&!,./!)#&7(!,.!1)#-'6)#! Km g#0,#!)#,%(3#-#>! X()!-#;#/7#*%.0'(!,.!1)#7*.0'(4! D0-%,.0-%#!.0!&63.)1%-%.I!$#9!*#9()!#;&()-%80!36.&!$#9!&63.)3(&%-%80!,.!!.&')6-'6)#&I! *#9()!,.0&%,#,!8&.#4! Mm @.1()*%,#,!8&.#>! X()!-#;#/7#*%.0'(!,.!!1)#7*.0'(!(!3()!3+),%,#!.&')6-'6)#/!9!,.&3/#J#*%.0'(4! ! =D=]5LF]DyFVDZ_!5=]p@DZ!Ha! X%&(!D01.)%()>! ?m X)(9.--%(0.&!.C'.0,%,#&!(!3#0():*%-#&>! - Y#)%#0'.!](z0.! - ZXh! Km X)(9.--%(0.&!.0!3/#0(!/#'.)#/>! - X#)*#>!-6.//(!,.!-80,%/(I!:076/(I!)#*#4!B)#-'6)#&!&6;-(0,!-6.//(!,.!-80,%/(I!:076/(I!)#*#I!-6.)3(I!).7%80! 3#)#*.,%#0#! 50!3)(9.--%(0.&!/#'.)#/.&I!$#9!&.6,(%*#7.0I!3.)1%/!3(&'.)%()!,.!/.076#!&.!3)(9.-'#!.0! :076/(!*#0,%;6/#)I!3)(,6-.!-#*;%(!,.!,.0&%,#,4! Mm X)(9.--%(0.&!.0!3/#0(!1)(0'#/>! - B)(0'(0#&(3/#-#!EV#/,z.//A>!-6.//(!,.!-80,%/(I!:076/(!9!)#*#4! Nm X)(9.--%80!.0!3/#0(!#C%#/>! - Z-/6&#/!5&')%-'#!D01.)%()>!-6.)3(I!).7%80!3#)#*.,%#0#4!"(-#/%J#-%80!,.! .&')6-'6)#&I!,.&3/#J#*%.0'(!,.!1)#7*.0'(&`!,%).--%80!9!*#70%'6,4! 434

km X)(9.--%(0.&!-(*3/.*.0'#)%#&>! - Z-/6&#/!X#0():*%-#>!).7%80!#0'.)%()4!5C'.0&%80!,.!/.&%(0.&4! - Z-/6&#/!Z;/%-6#>!1)#-'6)#!,.!:076/(4!D0,%-#!,.&3/#J#*%.0'(!,.!1)#7*.0'(4! - HC!3.)%#3%-#/>!.C-./.0'.!0%'%,.J!3()!-.)-#0<#!Z;Q.'(m!X/#0(!,.!X)(9.--%80! ! X%&(!=63.)%()!E3%&(!*.,%(!9!8);%'#&A! ?m V)#0.(.C-+0')%-#!'%3(!s#''.)&>!!3)(9.--%80!%0%-%#/!.C'.0,%,#4! V):0.(!-(*3/.'(4!"#;%(!&63.)%()!-(0!/<0.#!*.,%#!.0!-$#&%&I!$()%J(0'#/! L#/#)I!&.0(!*#C%/#)I!#381%&%&!3%)#*%,#/I!#)-(!J%7(*:'%-(I!).;(),.!&6;();%'#)%(I! &6'6)#!1)(0'(*#/#)I!$6.&(&!3)(3%(&!,.!0#)%J4! =.!(;&.)2#>!,%&960-%80!1)(0'(*#/#)I!1)#-'6)#!,.!8);%'#4! Y./#*%.0'(!,.!&.0(!*#C%/#)!.0!3#-%.0'.!')#6*#'%J#,(>!&%70(!%0,%).-'(!,.! 1)#-'6)#!8&.#!,.!/#!).7%80!-%)-602.-%0#I!-(*(!1)#-'6)#!,.!*#/#)4! Km FC%#/`!=6;*.0'(2+)'.C>!EO%)'JA! V(*3/.*.0'(I!1)#-'6)#!,.!#)-(!J%7(*:'%-(4!!p&(!Å2!;#Q(4! Mm B)#-'6)#&!,.!$6.&(&!3)(3%(&!,.!0#)%J>! - s#''.)&>!*#)-#,(!/#,(!,.).-$(4!B)#-'6)#!,.!'#;%P6.!9!,.!5_F! - X.)1%/>!#*;(&!/#,(&I!-(0!3./<-6/#!%0')#()#/4!E$6.&(&!3)(3%(&I!5_FA! - Z-/6&#/!5&')%-'#!=63.)%()>!-(*3/.*.0'(I!-(0!;#Q(!Å24!HV!3#&#!'#07.0-%#/!#! 1)(0'#/! ! m!50!-#&(!,.!,%3/(3%#I!8);%'#!,.&-.0,%,#!$#-%#!&.0(!*#C%/#)>! ?m s#''.)&! Km ]FV! ! #A X)(9.--%80!.C'.0,%,#>!s#''.)&! ;A X)(9.--%80!.0!3/#0(!/#'.)#/>!X.)1%/I!X#)*#!E#)-(!J%7(*:'%-(I!*#/#)A! -A X)(9.--%80!.0!3/#0(!1)(0'#/>!s#''.)&! ,A X)(9.--%80!.0!3/#0(!#C%#/>!=6;*.0'(2+)'.C!E#C%#/!3()! #3)(C%*#-%80AI!Z-/6&#/!5&')%-'#! B_X>!1)#-'6)#!,.!8);%'#4! s#''.)&!.C-+0')%-#>!1)#-'6)#!,.!-6.)3(!,.!*#/#)! s#''.)&!-(0!*#9()!#076/#-%80>!1)#-'6)#!,.!-()(0(%,.&! ! B)#-'6)#!3()!./.*.0'(!;#/<&'%-(>! - @.;.!.0').7#)!%01()*#-%80!>!6;%-#-%80!,.!1)#-'6)#&I!')#9.-'()%#!(!,%).--%80! ,.!!/#!;#/#!9!&6!-#/%;).4! - p&(!,.!'+-0%-#!,.!16.7(&!-)6J#,(&>!6&#!%0-%,.0-%#&!.0!,%1.).0'.&!&.0'%,(&! ,./!.&3#-%(`!3.)3.0,%-6/#).&!#/!3/#0(!,.!3)(9.--%80!9!3.)3.0,%-6/#).&!.0').! .//(&4! - 5Q.*3/(>!XF!*6.&')#!/#!;#/#!,.!1).0'.!9!.0!]./.Ha!,.!3.)1%/I!&.!2.!,.!/#,(4! ! F3()'.!,.!H#,%(/(7<#!.0!./!.&'6,%(!,.!')#6*#'%&*(&!*#C%/(1#-%#/.&>! - "(-#/%J#-%80!9!()%.0'#-%80!,.!1)#-'6)#&! - h)#,(!,.!&.3#)#-%80!(!,.&3/#J#*%.0'(!,.!/(&!;(),.&!,.!1)#-'6)#4! 5/!.&'6,%(!HC!&%.*3).!,.;.!&.)!.C'.0,%,(!9!;%/#'.)#/I!-(0&%,.)#0,(!.-6#-%80!-(&'(m! ;.0.1%-%(4!V(*3/.*.0'#)!-(0!'+-0%-#!,.!16.7(&!-)6J#,(&!(!3()!/(!*.0(&!3)(9.--%80!.0!K! &.0'%,(&!,./!.&3#-%(4!V(0')(/.&!&.!).#/%J#0!6'%/%J#0,(!/#&!*%&*#&!'+-0%-#&!-(0!/#&!-6#/.&!&.! $%J(!./!,%#708&'%-(4! Z;&.)2#-%80!-6%,#,(&#I!&%0!R.0-#0,%/#)&.U!-(0!!7)#0!)#&7(!,.!1)#-'6)#4! ! 435

H.-(),#)>!"(&!)#&7(&!,.!1)#-'6)#!P6.!-(*3)(*.'.0!3%.J#&!,.0'#)%#&!&.!).&6./2.0!.0!./! #/2.(/(4! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

436

Related Documents


More Documents from "Pam_17403"

Guia Ceneval
February 2021 1
5 History Year By Year
January 2021 0
January 2021 0
February 2021 0
Carta De Renuncia
February 2021 0