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\OVO`KX^O] 7KX^OXO\ OTOWZVY] ]SXQ_VK\O] NO ZKS]KTO]
XK^_\KVO] c M_V^_\KVO] /`S^K\ OV NO^O\SY\Y NO VK] M_OXMK]
RSN\YQ\Ã&#x20AC;PSMK] NO WYNY NO K]OQ_\K\ VK MKVSNKN
c MKX^SNKN NO VK] KQ_K] :\Y^OQO\ VY] YLTO^Y] ]S^SY] c O]^\_M^_\K]
M_V^_\KVO] RS]^Ã&#x2019;\SMK] c K\[_OYVÃ&#x2019;QSMK] MYX PSXO]
NO MYXYMSWSOX^Y ZÃ&#x2122;LVSMY Y NO SX`O]^SQKMSÃ&#x2019;X
MSOX^Ã&#x152;PSMK :\Y`OO\ YZY\^_XSNKNO] ZK\K VK ON_MKMSÃ&#x2019;X
KWLSOX^KV O SX`O]^SQKMSÃ&#x2019;X O]^_NSY c WYXS^Y\OY
NOV KWLSOX^O OX VK] Ã&#x20AC;\OK] XK^_\KVO]
Z\Y^OQSNK] :\YZY\MSYXK\ YZY\^_XSNKNO] ZK\K VK
\OM\OKMSÃ&#x2019;X KV KS\O VSL\O MYWZK^SLVO] MYX VK]
MK\KM^O\Ã&#x152;]^SMK] XK^_\KVO] c M_V^_\KVO] NO MKNK
Ã&#x20AC;\OK K]Ã&#x152; MYWY ^KWLSÃ&#x2C6;X ZK\K ]_ NO]K\\YVVY
OMY^_\Ã&#x152;]^SMY -YX^\SL_S\ KV NO]K\\YVVY ]YMSYOMYXÃ&#x2019;WSMY
PYWOX^KXNY VK ZK\^SMSZKMSÃ&#x2019;X NO VK] MYW_XS NKNO] VYMKVO] OX VK] KM^S`SNKNO] \OVKMSYXKNK]
MYX VK] Ã&#x20AC;\OK] XK^_\KVO] Z\Y^OQSNK] K]Ã&#x152; MYWY
^KWLSÃ&#x2C6;X VK] YZY\^_XSNKNO] MYWZK^SLVO] NO
^\KLKTY OX VK] WS]WK] Y OX VK] dYXK] NO
SXPV_OXMSK .O]K\\YVVK\ PY\WK] c WÃ&#x2C6;^YNY] NO KZ\Y`OMRK WSOX^Y c _]Y ]_]^OX^KLVO NO VK NS`O\]SNKN
LSYVÃ&#x2019;QSMK XKMSYXKV c NO VY] RÃ&#x20AC;LS^K^] XK^_\KVO]
K]OQ_\KXNY ]_ ZY^OXMSKV ZK\K LOXOPSMSY NO VK]
QOXO\KMSYXO] P_^_\K]
 \OK SXQ\O]KNK KV =8+: DYXK] KNcKMOX^O] SXQ\O]KNK] KV =8+: -KZS^KV .OZK\^KWO^X^KV <_^K] 8KMSYXKVO] <Ã&#x152;Y] +\\YcY] c +M_Ã&#x152;PO\Y]
+<>31+=
<38-²8 ./
0<+8;?3+
<3@/<+
@+66/ ./6 6?8+</49 =+6>9
>+-?+</7,²
798>/= ./6
;?/1?+C
:+C=+8.¹
7/69
/=>/<9= ./ 0+<<+:9= / 3=6+= ./6 <¬9 ?<?1?+C
A> =46 > A±
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,/8>9=
7/<-/./=
?/,<+.+ ./ 69= -?/<@9=
1<?>+= ./6 :+6+-39
A±> DA
D6D0 H
/=>/<9= C
+61+<<9,+6/= ./6 <¬9 ?<?1?+C
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69-+63.+.
<?:/=></ -2+7+81Â
=+8 731?/6 -/<<9 @/<./ 069<3.+
-96983+ ./6
=+-<7/8>9
=+8 49=¨ ./ 7+C9 738+=
-+,9 :969839
<9-2+ -+8/698/=
2?7/.+6/= ./6 =+8>+ 6?-¬+
6+1?8+
./ <9-2+ 798>/@3./9
5W
7+6.98+.9
6+1?8+
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A±> 34 ;0 ?;0C0  </+= ./6 =8+: 7+:+ 1/91< 03-9 ./6 ?<?1?+C
:+=+</6+ 2+-3+ /6 73<+.9< ;?/,<+.+ ./ 69= -?/<@9=
:+3=+4/ :<9>/13.9
;?/,<+.+ ./ 69= -?/<@9= 6K Z\Y^OMMSÒX NOV ZK^\SWYXSY XK^_\KV /V `KVVO OXMKTYXKNY NO VK ;_OL\KNK NO VY]
-_O\`Y]
MYWZYXO OV Q\_ZY NO [_OL\KNK] NOV
8Y\O]^O _\_Q_KcY [_O ]YX W_O]^\K NO \OVSM^Y]
NO ]OV`K ]_L^\YZSMKVO] ]SOXNY VK ;_OL\KNK
NO VY] -_O\`Y] _XY NO VY] Z_X^Y] Z\SXMSZKVO]
NO VK \OQSÒX _\_Q_KcK MYX NSMRK SXPV_OXMSK c
ZY\ ^KX^Y _X ]S^SY Z\SY\S^K\SY ZK\K VK
MYX]O\`KMSÒX
/X OV KÐY " OV :YNO\ /TOM_^S`Y KZ\YLÒ VY]
NOM\O^Y] " c " [_O O]^KLVOMOX
OV SXQ\O]Y NOV À\OK Z\Y^OQSNK KV =S]^OWK
8KMSYXKV NO \OK] :\Y^OQSNK] /V :KS]KTO
:\Y^OQSNY ;_OL\KNK NO VY] -_O\`Y] ::;-
SXQ\O]KNY KLK\MK ROM^À\OK] NS]^\SL_SNK]
OX^\O Z\YZSONKN PS]MKV c Z\S`KNK {3TQT\^b WPRTa X]RP_XÍ `dT d] ÅaTP _a^cTVXSP ]^ Tb bX]×]X\^ ST X\_a^SdRcXeP 4b d] ÅaTP T] `dT WPh _a^SdRRX×] TR^]×\XRP STbST QPbTb bdbcT]cPQ[Tb Pa\^]X^bPb h R^] aX`dTiP T] RdP]c^ P bd QX^SXeTabXSPS ST U[^aP h UPd]P 4[ STbPaa^[[^ _a^SdRcXe^ Tb _^bXQ[T R^] _a^cTRRX×] P\QXT]cP[| 7SXS]^\K 1\KMSOVK 7_]VO\K 7@9>7+
>\O] OMY]S]^OWK] MYX`S`OX OX OV À\OK$ LY][_O
NO [_OL\KNK c QKVO\ÌK WK^Y\\KV ]O\\KXY c
Z\KNO\K] NYXNO RKLS^KX NS`O\]K] O]ZOMSO] NO
PK_XK K_^ÒM^YXK +VVÌ P_O\YX \OQS]^\KNK] "
O]ZOMSO] NO K`O] OX^\O VY] [_O ]O NO]^KMKX VY]
M_O\`Y] NO MKLOdK \YTK XOQ\K c KWK\SVVK%
]O\SOWK] c N\KQYXO] +NOWÀ] # O]ZOMSO] NO
WKWÌPO\Y] MYWY OV Y]Y RY\WSQ_O\Y MRSMY QK^Y
WK\QKc c OV ^K^Ù NO \KLY WYVVO%
NO \OZ^SVO]
c
NO KXPSLSY]
/V ! NO O]ZOMSO] `OQO^KVO] K_^ÒM^YXK] NOV
?\_Q_Kc ]O OXM_OX^\KX OX VK ;_OL\KNK NO VY]
-_O\`Y] NYXNO P_O\YX SNOX^SPSMKNK]
X_WO\Y]K] O]ZOMSO] NO ROVOMRY] c ZVKX^K]
]SV`O]^\O] MYWY VK cO\LK WK^O [_O NKX OV
XYWL\O KV K\\YcY c VK ]SO\\K 9LTO^S`Y] NOV ZVKX NO WKXOTY NOV ::;-$ -YX]O\`K\ _XK W_O]^\K \OZ\O]OX^K^S`K NOV
OMY]S]^OWK NO ]O\\KXÌK NOV O]^O :\Y^OQO\ ZK\^O NO VK M_OXMK NOV +\\YcY
CO\LKV ,\SXNK\ YZY\^_XSNKNO] ZK\K VK \OM\OKMSÒX KV
KS\O VSL\O c VK ON_MKMSÒX KWLSOX^KV +M^_K\ MYWY À\OK ^O]^SQY c VKLY\K^Y\SY KV KS\O
VSL\O ZK\K VK \OKVSdKMSÒX NO ^K\OK] NO
SX`O]^SQKMSÒX
:\SXMSZSY] c VSXOKWSOX^Y] OX \OVKMSÒX KV ^_\S]WY
NOV :VKX NO 7KXOTY $ +^OXNSOXNY KV SX^O\È] QOXO\KV ]O L_]MK\À
SX^OQ\K\ VK] XOMO]SNKNO] VYMKVO] c LOXOPSMSK\ K
VK MYW_XSNKN VYMKV =O L_]MK\À VK ]Y]^OXSLSVSNKN NO VK] Z\YZ_O]^K]
OX ^È\WSXY] OMYXÒWSMY] OMYVÒQSMY] ]YMSKVO] =O PKMSVS^K\À OV KMMO]Y K VK SXPY\WKMSÒX
NSP_]SÒX ]YL\O OV À\OK Z\Y^OQSNK =O L_]MK\ÀX O]^\K^OQSK] ZK\K KMO\MK\ OV À\OK
K VK QOX^O
CP\P]SdÅ >b^ 7a\XVdTa^ 2WXR^ /]ZOMSO OX ZOVSQ\Y NO ObSXMSÒX `S]^K OX OV À\OK Z\Y^OQSNK
-YX^Ob^Y R_WKXY$ 3]VK :K^\_VVK RKLS^KX^O] _LSMKNK K
KZ\YbSWKNKWOX^O UW NOV À\OK Z\Y^OQSNK
6K MKZS^KV NOZK\^KWOX^KV NO >\OSX^K c >\O] XY
SXMV_SNK OX VK dYXK KNcKMOX^O ^SOXO ""
RKLS^KX^O] 6K ^Y^KVSNKN NO VY] ]_OVY] NOV À\OK c OV # NO
VK dYXK KNcKMOX^O ]YX NO Z\SY\SNKN PY\O]^KV VY
[_O KMYWZKÐKNY K VK `OX^K NO MKWZY] RKMO
[_O K XS`OV VYMKV ]O ZO\MSLK VK PY\O]^KMSÒX
MYWY _XK NO VK] Z\SXMSZKVO] KWOXKdK] 9^\K
NO VK] Q\KXNO] P_OX^O] NO Z\O]SÒX O] VK
WSXO\ÌK NKNK VK \S[_OdK WSXO\K NO VK dYXK c
VK] ]YVSMS^_NO] NO K_^Y\SdKMSYXO] ZK\K
Z\Y]ZOMMSYXO] c ObZVY^KMSYXO]
2KLS^KX^O] NO VK dYXK XY] RKX MYWOX^KNY [_O
Z\KM^SMKWOX^O ^YNY] VY] KVYTKWSOX^Y] ^_\Ì]^SMY]
NO VK MKZS^KV c KV\ONONY\O] `SOXOX WY^S`KNY]
ZY\ VK `S]S^K K VK [_OL\KNK +M^S`SNKNO]$ /X VK Z\YZSONKN NO VK PKWSVSK .OWSMROVS NKNY
]_] K^\KM^S`Y] XK^_\KVO] ]O \OKVSdKX K ]_ `Od
KM^S`SNKNO] O]ZY\ÀNSMK] NO OMY^_\S]WY ZK\K
VY [_O ]O OXM_OX^\K _X MKWZKWOX^Y Z\ÒbSWY K
VK MK]K NO VK PKWSVSK .OWSMROVS c _XK SX]^KVKMSÒX
OX VK [_O ZO\XYM^KX ZK\^SMSZKX^O] NO
KM^S`SNKNO] NO ^_\S]WY NO XK^_\KVOdK /V
Z\ONSY [_O KM^_KVWOX^O X_MVOK VK
+NWSXS]^\KMSÒX NOV +: c VY] ]O\`SMSY] ^_\Ì]^SMY]
O] Z\YZSONKN NO VK 3X^OXNOXMSK 7_XSMSZKV NO
>\OSX^K c >\O] K ZK\^S\ NO VK NYXKMSÒX NO _X
ZKN\ÒX OX VK NÈMKNK NO VY] @SVVKVLK ##"
.O]NO OX^YXMO] OV Z\ONSY NO Z\YZSONKN NO VK
3X^OXNOXMSK NO >\OSX^K c >\O] ]O MYX]SNO\K MYWY
_XK L_OXK YZY\^_XSNKN ZK\K KM^S`SNKNO]
^_\Ì]^SMK] :Y\ Y^\Y VKNY VK Z\O]OXMSK NO _X À\OK
NO ObMV_]SÒX QKXKNO\K RK ]SNY _X O]ZKMSY NO
SX^O\È] ZK\K VK MYW_XSNKN MSOX^ÌPSMK /X OV
Z\ONSY ]O \OKVSdKX KNOWÀ] KM^S`SNKNO] NO
\OM_ZO\KMSÒX NO `K\SONKNO] QOXÈ^SMK] VYMKVO]
/T \OM_ZO\KMSÒX NO KLOTK] M\SYVVK]
0VY\K =O \OQS]^\Ò _X ^Y^KV NO # O]ZOMSO] OX VK dYXK NO VK] M_KVO]
]YX Z\SY\S^K\SK]
<,96/=
+<,?=>9=
:+67/<+=
0K_XK =O \OQS]^\Ò _X ^Y^KV NO ! O]ZOMSO] OX ^YNK OV À\OK .O È]^K] O]ZOMSO] ]YX Z\SY\S^K\SK]
+@/=
:/-/=
</:>36/=
7+7¬0/<9=
+803,39=
?XSNKNO] +WLSOX^KVO] =O NOPSXSO\YX ! _XSNKNO] KWLSOX^KVO]
,9=;?/= " NOV À\OK
=3=>/7+ 06?@3+6
+<,?=>+6 <+69 ! NOV À\OK
+<,?=>+6 ./8=9 # NOV À\OK
+069<+73/8>9= <9-9=9= NOV À\OK
>+:3D <+69 ! NOV À\OK
:<+./<+= NOV À\OK
!
@3=>+ ./=./ 6+ -37+ ./6 :/.</1+6 ;?/,<+.+ ./ 69= -?/<@9=
"
D98303-+-3²8 / 380<+/=><?->?<+
DYXK NO SX^O\`OXMSÒX WÌXSWK 9LTO^S`Y QOXO\KV$ MYX]O\`K\ NO VK WKXO\K
WÀ] Z\WS^S`K ZY]SLVO VY] YLTO^Y] NO
MYX]O\`KMSÒX K]Ì MYWY ZO\WS^S\ Z\YMO]Y]
XK^_\KVO] Y K]S]^SNY] NO \OM_ZO\KMSÒX [_O
NS\STKX VK dYXK K O]K MYXNSMSÒX ?LSMKMSÒX$
ZY\ VK LOVVOdK O]MÈXSMK c Z\O]OXMSK
NO LY][_O] NO [_OL\KNK c QKVO\ÌK O]^K À\OK
MYWZ\OXNO ZK\^O NO VK] [_OL\KNK] c
KPVY\KWSOX^Y] \YMY]Y] [_O PY\WKX ZK\^O NOV
MK_MO NOV + CO\LKV -RSMY c M_\]Y]
\OVKMSYXKNY] OX OV Z\ONSY NO VK 37>> 0KWSVSK
.OWSMROVS c 7.8
+MMO]Y$ ]OXNO\Y] ]OXMSVVY] c NO LKTY SWZKM^Y
NO KMMO]Y VSWS^KNY 3XP\KO]^\_M^_\K$ XSXQ_XK 3X^O\KMMSÒX ]YMSKV$ Z\O]OXMSK R_WKXK LKTK OX
Q\_ZY] ZO[_OÐY] NO ZO\]YXK] MYX Q_ÌK] NO
XK^_\KVOdK YLVSQK^Y\SY ]SX Z\YN_MS\]O OV
MYX^KM^Y OX^\O Q\_ZY] XS NOTK\ O`SNOXMSK NO ]_
_]Y 8Y ]O ZO\WS^OX \_SNY] OVO`KNY] ]KV`Y
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XK^_\KVSNKN
DYXK NO SX^O\`OXMSÒX LKTK 9LTO^S`Y QOXO\KV$ MYX]O\`KMSÒX OX _X \KXQY
NO SX^OQ\SNKN OMYVÒQSMK SNOX^SPSMKNY MYWY
L_OXY c W_c L_OXY NO PY\WK [_O VY] Z\YMO]Y]
OMYVÒQSMY] ]O WKX^OXQKX MYX VK Z\O]OXMSK NO
KM^S`SNKNO] R_WKXK] NO LKTY SWZKM^Y ?LSMKMSÒX$ MYWZ\OXNO Z\SXMSZKVWOX^O K VK
dYXK OX VK [_O MYX`O\QO WKcY\ MKWZY `S]_KV
NO `KVY\ O]MÈXSMY ]_ZO\ZYXSOXNY OV MKWZY
ObS]^OX^O NO]NO NSPO\OX^O] Z_X^Y]
ZKXY\ÀWSMY] NOV À\OK Z\Y^OQSNK 3XMV_cO KPVY\KWSOX^Y] \YMY]Y] LY][_O NO
[_OL\KNK c QKVO\ÌK c ZK\^O NOV MK_MO NOV +
CO\LKV -RSMY +MMO]Y$
]OXNO\Y] ]OXMSVVY] c NO LKTY SWZKM^Y 3XP\KO]^\_M^_\K$
O]MK]K c KMY\NO K YLTO^S`Y NO
VK dYXK `SXM_VKNK K VY] ]OXNO\Y] WS\KNY\O]
ZK\K Q\_ZY] ZO[_OÐY] ]S^SY] NO NO]MKX]Y%
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NO SX^OQ\SNKN OMYVÒQSMK SNOX^SPSMKNY MYWY
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OMYVÒQSMY] ]O WKX^OXQK MYX VK Z\O]OXMSK NO
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K\L_]^S`K] P_O\K NO VK] dYXK] Z\O`SKWOX^O
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c Y^\Y] \_L\Y] MYWZVOWOX^K\SY] +MMO]Y$ ]OXNO\Y] Y MKWSXY] NO ^SO\\K
ZON\OQ_VVY _ Y^\Y] WK^O\SKVO] [_O ZO\WS^OX OV KMMO]Y NO _X \KXQY WKcY\ NO ZO\PSVO] NO
_]_K\SY +MMO]SLVO] K ZSO MKLKVVY Y WY^Y\SdKNY
LKTY K_^Y\SdKMSÒX NO VK .S\OMMSÒX NOV \OK 3XP\KO]^\_M^_\K$ K[_OVVK XOMO]K\SK ZK\K NK\
M_WZVSWSOX^Y KV YLTO^S`Y NO VK dYXK -_KV[_SO\
OWZ\OXNSWSOX^Y _ YL\K NOLO ZO\WS^S\
WKX^OXO\ VY] SXNSMKNY\O] NO VY] K^\SL_^Y] NO
VY] YLTO^Y] NO MYX]O\`KMSÒX OX _X \KXQY NO
W_c L_OXY O]ZOMSKVWOX^O K[_OVVY]
MY\\O]ZYXNSOX^O] K VK `S]_KV MK\OX^O NO
OVOWOX^Y] KX^\ÒZSMY] NS]\_Z^S`Y] NOV ZKS]KTO
+ ]_ `Od NOLOX O]^K\ KMY\NO K VY] M\S^O\SY]
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_]Y ZÙLVSMY c YZO\KMSÒX KNWSXS]^\K^S`K NOV
À\OK
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]O _LSMK VK KNWSXS]^\KMSÒX c LK]O OX Z\ONSY NO
7.8 +MMO]Y$ MKWSXY NO ^SO\\K ZON\OQ_VVY _ Y^\Y]
WK^O\SKVO] KMMO]Y WY^Y\SdKNY 3XP\KO]^\_M^_\K$ KNWSXS]^\KMSÒX MKLKÐK]
]O\`SMSY] NO KVSWOX^KMSÒX MOX^\Y NO
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YZO\K^S`Y] KMY\NO KV _]Y NOV À\OK 3X^O\KMMSÒX ]YMSKV$ Z\O]OXMSK R_WKXK WONSK
KMY\NO K VK MKZKMSNKN NO MK\QK 6Y] \_SNY]
O]^ÀX ZO\WS^SNY] KMY\NO K VK] KM^S`SNKNO]
K_^Y\SdKNK] ZY\ VK KNWSXS]^\KMSÒX NOV À\OK :O\MOZMSÒX$ NOZY\^O c NS`O\]SÒX OX K\WYXÌK
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:K]Y @ORSM_VK\ ! /]^KMSYXKWSOX^Y " =OXNO\Y ;_OL\KNK # 7S\KNY\ -KWSXY `OMSXKV KMMO]Y =OXNO\Y
=OXNO\Y OX NO]_]Y +\LYVONK XY K_^ÒM^YXK O_MKVSZ^_] 6ÌWS^O NO Z\ONSY W_XSMSZKV 6ÌWS^O NO dYXK NO SX^O\`OXMSÒX
6Y] =OXNO\Y] NOV ::;- 0_[XRPRX×] 0[[ CaPX[b _PaP bT]STaXb\^
,
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7/=+.+ /=-<3>9<39 -6> WW >/<738+-398 :389 8+>?<+6 :<9>/13.9 -98 +-/3>/ ./ 638+D+ 2' " W
7?/,6/ ,+49 7/=+.+ 0/8²63-9 WW >/<738+-3²8 8+>?<+6
,+8-9 -6> WW >/<738+-398 :389 :<9>/13.9 -98 +-/3>/ ./ 638+D+ 2' W
./-5 /B>/<39< >+,6+= b
4?8>+ +,3/<>+
+60+4¬+= :389 ><+>+.9 b
M W
>3<+8>/= 6+:+-29 b
M ! W
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@3=>+ 38>/<39< </0?139
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" 7/=+ ./ 6/->?<+ -6> WW >/<738+-398 :389 :<9>/13.9 -98 +-/3>/ ./ 638+D+ 2' " W
,+8-9 -6> WW >/<738+-398 8+>?<+6 :<9>/13.9 -98 +-/3>/ ./ 638+D+ 2' W
./-5 /B>/<39< >+,6+= b
4?8>+ +,3/<>+
+60+4¬+= :389 ><+>+.9 b
M W
-9<>/ -/8><9 ./ 38>/<:</>+-3²8 /=- $
>3<+8>/= 6+:+-29 b
M ! W
>+,6+= ./ :389 b
4?8>+ +,3/<>+ -+<+ /B>/<39< -+<,983D+.+ =/66+.+= -98 +-/3>/ 8+>?<+6
>/<738+-3²8 38>/<39< -6>
:389 -+63.+. @3=>9 :<9>/13.9 -98 +-/3>/ ./ 638+D+
./:²=3>9 38=>+6+-3²8 /6¨-><3-+ >+,6/<9 1<+6
7/=+.+ </-/:-3²8 -6> WW >/<738+-398 :389 :<9>/13.9 -98 +-/3>/ ./ 638+D+ 2' " W
:?/<>+= ./ ==22 0/8²63-9 "WW >/<738+-3²8 8+>?<+6 :<9>/13.9 -98 +-/3>/ ./ 638+D+
38@/<=9< ./ -9<<3/8>/
,+>/<¬+= ` ./-5 /B>/<39< >+,6+= b
4?8>+ +,3/<>+
>3<+8>/= 6+:+-29 b
M ! W +60+4¬+= :389 ><+>+.9 b
M W
@3=>+ 38>/<39< -/8><9 ./ 38>/<:</>+-3²8
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,+<+8.+ -+,6/= +-/<9
,+<+8.+ -+,6/= +-/<9
"
"
:+=+7+89= 7+./<+ ><+>+.+
#
,+<+8.+ -+,6/= +-/<9
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:36+< 7/>+63-9 .9,6/ -
./-5 >+,6+= 4?8>+ +,3/<>+
+60+4¬+= 7+./<+ ><+>+.+ >3<+8>/= 7+./<+ ><+>+.+
:36+</= >/6/=-²:3-9=
-9<>/ >9<</ 73<+.9< /=- $
/=-+698/= 9<=91<36 ! b " MW
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"
><+8=:9<>/ ./ :+8/6/=
#
-+63.+. ./ 6+ 7+./<+ +6>+
,+4+
=/6/--3²8 ./ 7+./<+= -6+=303-+-3²8 1<+.?+-3²8
C -9<>/ ./ 37:/<0/--398/= ?83²8 ./ >+,6+= + >9:/
0381/< 4938> -9809<7+-3²8
+638/+-3²8 :+8/6/= ./ -+:+ 7+./<+ -98><+ 6+738+.+
.OZOXNSOXNY NO VK Z\OX]K
NS]ZYXSLVO ZK\K VK PKL\SMKMSÃ&#x2019;X ]O
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RK]^K W b W
,397+=+ +=/<<¬8 C @3<?>+=
-97,?=>3,6/ ?=9 -<¬+ ./ +837+6/=
! .?<+8>/ /6 =/-+.9
.?<+8>/ 798>+4/
:+8/6/= -6> :+<+ .3=><3,?-3²8
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?83²8 @/<>3-+6 ./ :+8/6/=
?83²8 /=;?38+
-SX^K KNRO]S`K ZK\K T_X^K] -SX^K ]OVVKNY\K
-YXObSÒX MYX ^Y\XSVVY :KXOV -6>
?83²8 9-?6>+ ./ :+8/6/=
-YXObSÒX MYX ^Y\XSVVY :KXOV -6>
?83²8 >/
:KXOV -6>
-SX^K ]OVVKNY\K
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:KXOV -6> -YXObSÒX MYX ^Y\XSVVY -SX^K ]OVVKNY\K :KXOV -6>
-SX^K ]OVVKNY\K
-YXObSÒX MYX ^Y\XSVVY :KXOV -6>
?83²8 :+8/6/= 38-638+.9=
:KXOV -6> -YXObSÒX MYX ^Y\XSVVY :KXOV -6>
:KXOV -6> -SX^K ]OVVKNY\K >KLVK _XSÒX
<OLKTO
?83²8 ./ :+8/6/= 29<3D98+>+6/=
?83²8 29<3D98>+6 ./ :+8/6/=
?8398/= >3:9
?83²8 :+8/6 29<3D98>+6 =9,</ @/<>3-+6
?83²8 >/ 9-?6>+
-SX^K ]OVVKNY\K
-YXObSÒX MYX ^Y\XSVVY :KXOV -6>
:KXOV -6> -YXObSÒX 3X^O\XK :KXOV -6>
=3=>/7+= ./ 034+-398/=
!
"
#
=3=>/7+= ./ +8-6+4/
=3=>/7+= ./ =/66+.9
:K\ON >OMRY :K\ON -SWSOX^Y :K\ON >OMRY :K\ON :K\ON :K\ON -SWSOX^Y :K\ON -SWSOX^Y ^\KMMSÃ&#x2019;X :K\ON :K\ON ^\KMMSÃ&#x2019;X :K\ON -SWSOX^Y MY\^O :K\ON :K\ON >OMRY >OMRY :K\ON :K\ON NO Ã&#x20AC;XQ_VY >OMRY :K\ON
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MY\^O cK ]OK ZK\K VK MYXObSÃ&#x2019;X WKNO\K WKNO\K MYWY WKNO\K RY\WSQÃ&#x2019;X :6+-+= :/<09<+.+= !
6K] ZVKMK] ZO\PY\KNK] ZO\WS^OX ^\KX]PO\S\ ^KX^Y VK] P_O\dK] NO ^\KMMSÃ&#x2019;X
MYWY NO MY\^O ZK\K MYXObSYXO] WKNO\K WKNO\K c RY\WSQÃ&#x2019;X WKNO\K
NOZOXNSOXNY NOV ^SZY _^SVSdKNY > 9<83669= +?>9:/<09<+8>/= " # :K\K MKNK ^SZY NO KMMSÃ&#x2019;X NO ]YVSMS^KMSÃ&#x2019;X ObS]^O NOX^\Y NO VK QKWK NO
MYXOM^Y\O] K_^YZO\PY\KX^O] VK ]YV_MSÃ&#x2019;X SNOKV ZK\K M_WZVS\ MYX VY] \O [_S]S^Y] NO Z\YcOM^Y
"
#
!
-6> /8 ?<?1?+C
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NO WKNO\K NO ZSXY [_O XY ^SOXO NO]^SXY
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# </@/=>373/8>9 7+./<+ -+<,983D+.+
63=>98/= ./ 7+./<+
7/7,<+8+ 37:/<7/+,6/ >C@/5 297/A<+: :+8/6 9=,
+3=6+-3²8 >¨<73-+ :963/=>3</89 /B:+8.3.9
63=>98/= ./ 7+./<+
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:+8/6 -6>
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63=>98/= ./ 7+./<+
7/7,<+8+ 37:/<7/+,6/ >C@/5 297/A<+:
</@/=>373/8>9 7+./<+ -+<,983D+.+
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7 "
7
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38>
0SVW NO ZYVSO^SVOXY 6S]^Ã&#x2019;X NO WKNO\K
b
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0SVW NO ZYVSO^SVOXY 6S]^YX NO WKNO\K
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NO MÃ&#x2C6;V_VK] MO\\KNK] MYX KNRO]S`Y KM\Ã&#x152;VSMY [_O QK\KX^SdK VK SWZO\WOKLSVSNKN NOV
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VK MK\K NO VK WKNO\K [_O `K K O]^K\ ObZ_O]^K K
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NO KMOS^O XK^_\KV :Y\ WONSY NO VK
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NO VK WKNO\K KNOWÀ] NO \OZOVO\ K VK] ZYVSVVK]
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NO VK WKNO\K [_O ^OXN\ÌKX MYWY LK]O OV MYVY\
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M_KVSNKNO] Q\KMSK] KV OPOM^Y PÌ]SMY [_ÌWSMY [_O
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NO MVSWK] Ob^\OWY] ]OVVKX^O] NO Y\SQOX [_ÌWSMY]
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INTERACCIÃ&#x201C;N DE =3=>/7+= - </0?139