! ! ! ! ! ! ! ! ! ! !
El anillo del nibelungo
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
5
!"#!$% !&
%'()*)(#%'(*+!""(
!!&
!!&(',(-,'.!*!,
!!!&
!!!&(/!01*!#)
!2&
!2&(%'($*%34/$5')(#%(')/(#!)/%/
5
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
6
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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
7
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`:(H?;<A(:(U9(96(I:L9:T 7
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
8
YZ#67M=6C<:(869(8?9B6(6;>:PA(869(7?6PAS(867M=6C<:(E(G68=<:[ %9(8=A7(76(=;BACMAC:(E(:8G=C:(9:(ALC:(BA;7<C?N8:(MAC(9A7(>=>:;<67J(<:9(BAGA( 9: ( 7APQ ( 7? ( @:;<:7N: ( E ( 9: ( 8676Q ( 7? ( FA9?;<:8T ( I6CGA7: ( E ( @?6C<6& ( 36CA ( 9:( BA;<6GM9:B=Q;(86(9:(L6996D:(;A(967(I:B6(A9F=8:C(69(8A9AC(K?6(7?(6O=7<6;B=:( 6;B=6CC:&(3:C:(6C=>=C9AJ(9:(C:D:(86(9A7(>=>:;<67(I:(6O=>=8A(?;(M:>A(6OB67=FA&( 1:7A9<(E(1:@;6C(I:;(96F:;<:8A(M=68C:(7ALC6(M=68C:J(BA;7<C?=8A(9:7(<ACC67(E(9A7( M?6;<67(6;(G68=A(86(G?BI:7(@:<=>:7S(6;(M:>A(6O=>6;(9:(6;<C6>:(86(1C6=:J(9:( I6CG:;:(86(1C=B`:J(9:(8=A7:(86(9:(H?F6;<?8(E(9:(:96>CN:&(':(67MA7:(869(MC=G6CA( 86(9A7(8=A767(9:G6;<:(9:(7?6C<6(86(7?(I6CG:;:(E(C6BC=G=;:(:(-A<:;(K?6J(:( B:?7: ( 86 ( 7? ( 867G68=8: ( F:;=8:8 ( E ( :GL=B=Q; ( 86 ( MA86CJ ( ;A ( I: ( 8?8:8A ( 6;( 7:BC=@=B:C(:(9:(HAF6;(8=A7:&(36CA(-A<:;(C6M9=B:T Y],B:7A(@?=7<6(:H6;:(:(G=(:GL=B=Q;(:9(M68=C(9:(BA;7<C?BB=Q;(869(M:9:B=A_ Y$AGM:C<N ( <? ( :GL=B=Q;J ( MACK?6 ( =;K?=6<: ( BA; ( <?7 ( F696=8:867 ( <6;N: ( K?6( M6;7:C(6;(B:?<=F:C<6(MCAMACB=A;R;8A<6(?;(9?>:C(8696=<A7A(M:C:(C6<6;6C<6(:(G=( 9:8A&(36CA(:9(96F:;<:C(69(M:9:B=A(;A(I:7(I6BIA(GR7(K?6(C67MA;86C(:(<?(8676A( 86(MA86C(=9=G=<:8A(Y(BA;<67<:(1C=B`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a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`:&(#A;;6C(E(1CAIJ(8=A767(=;GAC<:967J(8?6PA7( 869(C:EA(E(869(<C?6;AJ(K?=6C6;(7:9F:C(:(1C6=:(9?BI:;8A(BA;<C:(9A7(>=>:;<67S( M6CA(69(F=6HA(8=A7J(K?6(I:(8=F=7:8A(:('A>6J(@=;>6(B686C(E(B?GM9=C(9A(M:B<:8A(6;( 9:(9:;D:& 8
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
9
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a=G6J(I6CG:;A(869(6;:;AJ(E( ?;(B:7BA(:9:8AS(E(9?6>A(6;?G6C:(9A7(MA86C67(869(:;=99AJ(I6BIA(86(ACA(8=F=;A( BA;(69(B?:9(76(M?686(8AG=;:C(69(G?;8AJ(E(9A7(869(B:7BAJ(BA;(69(K?6(76(M?686( FA9F6C(=;F=7=L96(E(<C:79:8:C76(:(B?:9K?=6C(7=<=AJ(MAC(GR7(96H:;A(K?6(76:&(b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a:CBI=<:; ( E ( M:9=86B6;S ( M=6C86; ( 69 ( F=>ACJ ( E ( 9A7( :<C=L?<A7 ( 86 ( 7? ( @?6CD: ( E ( MA86C ( B:6; ( 86 ( 7?7 ( G:;A7& ( %; ( 9:7 ( C:G:7J ( 9:7( G:;D:;:7(8=F=;:7(6GM=6D:;(:(M6C86C(7?(@C67B?C:(E(MCA;<A(I:;(86(B:6C(BAGA( 9:7(IAH:7& YZ/=;(9:7(G:;D:;:7(9:(C:D:(86(9A7(8=A767(6;F6H6B6CR(E(GAC=CR(:BI:BA7:J( 9?8=LC=A(869(=;?;8A[(Y967(8=B6('A>6& 1C=B`:J(9:(67MA7:(86(-A<:;J(9:G6;<:(7?(867F6;<?C:(F(69(F=6HA(8=A7J(K?6( ;:8:(C67?69F6(I:B6C(M:C:(BA;7A9:C(:(9:7(I=H:7(869(*I=;(E(86FA9F6C967(69(<67ACAJ( 86B=86(7:BC=@=B:C9:7(M:C:(BA;76CF:C(9:(@C?<:(K?6(C6H?F6;6B6(:(7?(C:D:&(c?7B:CR( :9(;=L69?;>A(,9L6C=BA(E(C67B:<:CR(69(<67ACA(M:C:(7:9F:C(:(1C6=:& %9(ACA(;A(FA9F6CR(:9(76;A(:B?A7A(K?6(F69:;(9:7(A;8=;:7S(I:(86(7:9F:C(9:( M6C6;;=8:8(86(9A7(8=A767(E(9:(=;GAC<:9=8:8(86(7?(M:9:B=A(6<UC6A& 'A>6 ( 867B=6;86 ( BA; ( -A<:; ( :( 9A7(:L=7GA7& ( %; ( 9:7(A7B?C:7(7=G:7( 86 ( 9:( <=6CC:J(8A;86(9:(7?L<6CCR;6:(C:D:(86(9A7(;=L69?;>A7(C6M<:(E(76(:@:;:J(a=G6( BA;<=;W: ( 7? ( <:C6: ( 86 ( @ACH:C ( ?; ( B:7BA ( :9:8A ( E ( G=9:>CA7A& ( ,9L6C=BA ( MA8CR( 9
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
:
I:B6C76(=;F=7=L96(BA;(U9(E(F=>=9:C(7=;(67@?6CDA(69(<C:L:HA(869(;AB<?C;A 6H6CB=<A(86(9A7(;=L69?;>A7J(:(K?=6;(8AG=;:(E(7AG6<6(:(67B9:F=<?8& ,(67:7(MCA@?;8=8:867(I:(867B6;8=8A(-A<:;&('6(:E?8:(6;(7?(MCAMQ7=<A(69( C676;<=G=6;<A(86(a=G6(K?6J(:(M67:C(86(76C(?;(I6CC6CA(7=;(M:C(E(I:L6C(@ACH:8A( 69 ( B:7BA ( G=9:>CA7AJ ( I: ( 7=8A ( G:9<C:<:8A ( MAC ( ,9L6C=BA& ( 'A>6 ( BA; ( 7? ( :7<?B=:( 9A>C:(867M6C<:C(9:(BA;@=:;D:(86(a=G6S(E(67<6J(6;<C6(9:G6;<A7J(96(;:CC:(9:(<C=7<6( BA;8=B=Q;(86(9A7(;=L69?;>A7(867M?U7(869(CALA(869(ACA(:(9:7(A;8=;:7(869(*I=;& Y,IAC:J ( 676 ( M6CF6C7A ( 86 ( ,9L6C=BA ( G6 ( <=6;6 ( 6;B:86;:8A& ( $A; ( :7<?B=:( 8=:LQ9=B:(CALA(69(ACA(E(BA;(69(76(@ACHQ(?;(:;=99AJ(B?EA(MA86C(:8G=C:GA7&(%;( A<CA7(<=6GMA7(@ACHRL:GA7(E(9:LACRL:GA7(7=;(B?=8:8A7J(C=6;8A(:96>C6G6;<6(6;( G68=A(86(67:(<:C6:(9=F=:;:J(:8AC;A7(E(HAE:7(M:C:(;?67<C:7(G?H6C67&(,IAC:J( <C:L:H:GA7 ( :CC:7<CR;8A;A7 ( MAC ( 9:7 ( M6P:7 ( 7A9A ( M:C: ( :B?G?9:C ( =;G6;7A7( <67ACA7S(BA;(69(:;=99A(GR>=BA(:B=6C<:(:(867B?LC=C(69(7=<=A(8A;86(67<R(67BA;8=8A( 69 (ACA&( bC:L:H:GA7(6;<C6( 9:7(CAB:7(M:C:(6O<C:6C9AS( 9A( @?;8=GA7( E(9:LC:GA7( HAE:7(G:9(;N@=B:7J(<A8:7(M:C:(676(G:9F:8A(8?6PA& %9 ( 6;:;A ( a=G6 ( MCA7=>?6 ( BA; ( 7?7 ( K?6H:7S ( :B:L: ( 86 ( :DA<:C9A ( ,9L6C=BA( MACK?6J(:(M67:C(86(I:L6C96(I6BIA(69(B:7BA(G=9:>CA7A(BA;(9A7(86<:9967(K?6(96( 8=6C: ( 69 ( ;=L69?;>AJ ( ;A ( 67<R ( :>C:86B=8A ( 86 ( 7? ( <:C6:& ( 'A>6 ( 76 ( L?C9: ( 86 ( U9( 99:GR;8A9A(IA9>:DR;S(M6CA(a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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
;
':7(:CCA>:;<67(M:9:LC:7(869(6;:;A(6;:C86B6;(:(-A<:;S(7Q9A(9:(MC?86;B=:( 86 ( 'A>6 ( =GM=86 ( K?6 ( 69 ( MC=G6CA ( 86 ( 9A7 ( 8=A767 ( F?69K?6 ( 7? ( BQ96C: ( MC6G:<?Y C:G6;<6&(\(BA;(7?(F=6H:(7:L=8?CN:J(G:;=@=67<:(=;BC68?9=8:8(E(867BA;@=:;D:(86( 9A7(MA86C67(GR>=BA7(869(:;=99A(E(869(B:7BA&(':(F:;=8:8(K?6(<C:7<AC;:(:9(6;:;A( I:7<: ( I:B6C96 ( M6C86C ( 9: ( MC?86;B=: ( 9A ( 996F: ( : ( MCAB9:G:C ( B?R967 ( 7A; ( <:967( MA86C67& Ya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bA8:FN:(B?LC6(9:7(B?GLC67( 9:(96BIA7:(;6L9=;:(K?6(867B6;8=6C:(:9(:L:;8A;:C(1C6=:(9A7(8AG=;=A7(86(9A7( 8=A767&(,;<67(86(6OM=C:C(69(M9:DA(@=H:8A(MAC(9A7(>=>:;<67J(,9L6C=BAJ(MC67A(6( =;?<=9=D:8AJ(=;<6;<:(<C:;7=>=C(BA;(9A7(8=A767(:(@=;(86(AL<6;6C(MAC(9A(G6;A7(7?( 9=L6C<:8T(8:CR(<A8A7(7?7(<67ACA7&(\(AC86;:(:7B6;86C(:9(A7B?CA(6HUCB=<A(E(86Y MA7=<:C ( 6; ( 9A7 ( MC:8A7 ( 8=F=;A7 ( <A8:7 ( 9:7 ( :9I:H:7 ( E ( C=K?6D:7& ( 5; ( 8AC:8A ( E( LC=99:;<6 ( GA;<NB?9A ( 76 ( @ACG: ( :;<6 ( 9A7 ( 8=A767 ( :7AGLC:8A7S ( LC=99: ( 9: ( 99:G:( :C8=6;<6(869(ACA(E(69(C:EA(9?;:C(86(9:(M9:<:&(/6(:B9:C:(69(RGL=<A(BA;(9A7(C6@96HA7( 86(9A7(G6<:967& ,9L6C=BA ( B9:G: ( 6;<A;B67 ( 7? ( 9=L6C<:8& ( 36CA ( ;A ( I: ( BA;<:8A ( BA; ( 9: ( 7?<=9( :7<?B=:(86('A>6J(K?=6;(7?>=6C6(K?6(69(C67B:<6(86(7?(F=8:(86L6(M:>:C76(BA;(69( :;=99A ( GR>=BAJ ( I6BIA ( BA; ( 69 ( ACA ( CAL:8A ( :9 ( *I=;& ( %; ( F:;A ( ,9L6C=BA ( I:B6( MC676;<6(K?6(69(MA86C(869(ACA(76(6H6CB6(MAC(69(:;=99A(>C:B=:7(:(K?6(U9(9A(@ACH:C:&( %9 ( ;=L69?;>A ( =;BC6M: ( : ( 9A7 ( 8=A767 ( MACK?6 ( 6;>:P:;J ( CAL:; ( E ( 867MAH:; ( 7=;( H?7<=B=:&(36CA(69(:;=99A(96(67(:CC6L:<:8A(E(6;(7?(86767M6C:B=Q;J(U9J(K?6(67(?;( G:98=<AJ(G:98=B6(6;<A;B67(:9(:;=99A(E(:(K?=6;(9A(MA76:& Y,(GN(7?(ACA(G6(8=A(C=K?6D:7(E(MA86CNA(7=;(9NG=<67S(K?6(:IAC:(7?(G:>=:( 996F6(9:(G?6C<6(:(K?=6;(9A(MA76:&("?;B:(9:(:96>CN:(:BAGM:P6(:(7?(8?6PAS(K?6( 9: ( M6;: ( E ( 9: ( =;K?=6<?8 ( :<ACG6;<6; ( :9 ( MA7668AC ( E ( 9: ( 6;F=8=: ( : ( K?=6; ( ;A ( 9A( <6;>:S(K?6(7?(8?6PA(9A(MA76:(6;(M:DJ(M6CA(K?6(96(:<C:=>:(69(F6C8?>A&(^?6(69( G=68A(:BAGM:P6(<A8:(9:(F=8:(:9(G:98=<A(E(9:(F=8:(76:(?;:(6<6C;:(:>A;N:(I:7<:( 69(GAG6;<A(86(7?(G?6C<6(E(K?6(9A(CAL:8A(F?69F:(:(G=7(G:;A7&(Z,7N(69(<67ACA( :CC6L:<:8A(:9(;=L69?;>A(C6B=L6(G=(L6;8=B=Q;[ \(6;(G68=A(86(7?(C:L=:(6(=GMA<6;B=:J(867:<:8A(MAC('A>6J(867:M:C6B6(6;( 9:7J(MCA@?;8=8:867(69(IACC=L96(6;:;A&(/?7(W9<=G:7(E(6;BA;:8:7(M:9:LC:7(76( M=6C86;(6;(9:7(7AGLC:7& 'A>6(:8F=6C<6(:(-A<:;(69(<C6G6;8A(76;<=8A(K?6(6;B=6CC:;(9:7(G:98=B=A;67( 869(;=L69?;>AS(M6CA(-A<:;(M6CG:;6B6(6O<:7=:8A(AL76CF:;8A(69(:;=99A& ':(9=>6C:(;6L9=;:(6GM=6D:(:(<C:;7M:C6;<:C76(E(9:(B9:C=8:8(869(8N:(:96>C:(E( C6H?F6;6B6 ( : ( 9A7 ( 8=A767& ( 1C6=:J ( <C:N8: ( MAC ( 1:@;6C ( E ( 1:7A9<J ( 76 ( :B6CB: ( E( C6;?6F: ( <A8A ( : ( 7? ( M:7A& ( %9 ( :=C6 ( 76 ( 6GL:97:G: ( E ( 9: ( :96>CN: ( 6;<C: ( 6; ( 9A7( ;
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
<
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b6;8CU(K?6(:L:;8A;:C9:_(Z,W;(F6A(69( LC=99A(86(7?(G=C:8:(MAC(?;:(C6;8=H:[(Za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`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b6;>A(?;(7:L6C(=;@=;=<AS(7U(<A8A(9A(869(G?;8AJ(9A(K?6(67(E(9A(K?6(76CR&( b6;>A(<C67(I=H:7J(9:7(3:CB:7J(K?6(;ABI6(:(;ABI6(<6(86F69:;(69(76BC6<A(K?6(EA( :IAC:(F6A&(%C8:(<6(MC68=B6(?;(M69=>CA(K?6(<6(:G6;:D:& %9(C67M9:;8AC(:D?9=;A(BAG=6;D:(:(A7B?C6B6C76(E(9:(@=>?C:(76(LACC:(MABA(:( MABA& YZ#6<6;<6[(Y>C=<:(-A<:;Y&(b?(FAD(G6(M:C6B=Q(G=7<6C=A7:S(67M6C:J(Z8=G6(:9>A( GR7[ Yb6(:8F=6C<A(69(M69=>CA(E(67<A(86L6(L:7<:C<6&(Z#67>C:B=:7(76(<6(:F6B=;:;(7=( 7=>?67(6;(MA767=Q;(869(:;=99A[(YC67MA;86(BA;(:B6;<A(7AGLCNAJ(E(867:M:C6B6& 'A7 (8=A767(K?68:; (7ALC6BA>=8A7S(-A<:; (9:G6;<: (69 (76;<=8A (<CR>=BA (K?6( M:C6B6(<6;6C(7?(867<=;A(E(BA;(G69:;BA9N:(C67?69F6(6;<C6>:C(69(:;=99A& YZ$A;(9A7(8=A767J(1C6=:J(8=A7:(86(9:(H?F6;<?8(E(86(9:(:96>CN:[(bAG:8(69(:;=99A( E (86FA9F68;A7(: (9: (8A;B699:& (\(<WJ (1C6=:J(I:D(K?6 ( C6<AC;6 (9: (@C67B?C: (E(9:( 9AD:;N:(6;(69(CA7<CA(86(9A7(8=A767(E(6;(9A7(@C?<A7(86(;?67<CA(H:C8N;& 'A7 ( 8=A767 ( C67M9:;86B6; ( 86 ( >ADA ( E ( 69 ( LC=99A ( 86 ( 7? ( 7A;C=7: ( C6:M:C6B6S( <
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=>
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a6(K?68:CU(BA;(9:(G:EAC(M:C<6(869(<67ACA[(Y>C=<:(1:@;6CY&((aR7(K?6(B9(ACA( <6(>?7<Q(1C6=:S(BA;(>?7<A(I?L=6C:7(C6;?;B=:8A(:9(ACA& YZ,(GN(<:9(=;H?C=:[(Z)IJ(8=A767(=;GAC<:967[(Z,(FA7A<CA7(86G:;8A(H?7<=B=:[ -A<:; ( F?69F6 ( 9: ( 67M:98: ( BA; ( >67<A ( 867M6B<=FAS ( M6CA ( 'A>6 ( :BA;76H: ( :( 1:7A9<(7?<=9G6;<6T YZ#UH:96(<A8:7(9:7(C=K?6D:7J(M6CA(K?U8:<6(BA;(69(:;=99A[ 'A7(>=>:;<67(76(<C:L:;(6;(?;:(9?BI:(:(G?6C<6&J(:CC:7<C:8A7(MAC(69(=;@9?HA( <CR>=BA(86(9:(G:98=B=Q;(869(6;:;A&(%9(ACA(CAL:8A(E(9?6>A(G:98=<A(6H6CB6(E:(7?( MA86C ( ;6@:7<A& ( \ ( :;<6 ( 69 ( :7AGLCA ( :<Q;=<A ( 86 ( 9A7 ( 8=A767J ( B:6 ( 9: ( MC=G6C:( FNB<=G:S(1:7A9<(G?6C6(L:HA(B9(>A9M6(86(1:@;6C&(b6CG=;:(69(>=>:;<6(86(I:B6C(7?( GA;<Q;(E(G:CBI:(9?6>A(BA;(69(7:BA(L=6;(C6M96<A& YZ,IAC: (F6A (6;( 7? (<6CC=L96 (@?6CD: (69( MA86C(86( 9: (G:98=B=Q;[(Y8=B6 (-A<:;( BA;7<6C;:8AY& ( /6 ( :MA86C: ( 86 ( G= ( R;=GA ( ?; ( MCA@?;8A ( <6GAC& ( %9 ( G=68A ( G6( BA;<?CL:S ( 7Q9A ( %C8: ( M?686 ( MA;6C ( M:D ( 6; ( 67<: ( 6O<C:P: ( :>=<:B=Q; ( GN:& ( /?( 7:L=8?CN:(MCA@?;8:(M?686(6;76P:CG6(:(6F=<:C(867>C:B=:7(@?<?C:7& /?(67MA7:(1C=B`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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
==
,7B=6;86J(67MA7:(GN:J(MAC(B9(M?6;<6(9?G=;A7A(K?6(I:(<C:D:8A(1CAI&(Z2:GA7(:( F=F=C(6;(;?67<CA(G?;8A(8=F=;A(E(6<6C;AS(6;(69(-:9I:99:[ Y]^?U(6O<C:P:(M:9:LC:(:B:L:7(86(MCA;?;B=:C_(YMC6>?;<:(9:(67MA7:(1C=B`:& Y$?:;8A(F6:7(C6:9=D:8A(:;<6(<?7(AHA7(9A(K?6(G=(F:9AC(=;F6;<Q(8AG=;:;8A(:9( G=68AJ(BAGMC6;86CR7(69(76;<=8A(86(67:(M:9:LC:(YC67MA;86(-A<:;& 'A7(8=A767(76(6;B:G=;:;(I:B=:(69(M?6;<6(86(9?D& 'A>6(9A7(F6(M:C<=C(BA;(:G:C>?C:S(76(:F6C>d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e(9:(GAC:8:(86(9A7(8=A767[ ':(M:D(B:6(7ALC6(9A7(<C67(8AG=;=A7(869(G?;8AT(9:7(A7B?C:7(6;<C:P:7(86( "=L69I6=;J(9A7(GA;<67(E(LA7K?67(86(*=676;I6=;(E(69(67M96;8AC(8AC:8A(86(9A7( MC:8A7 ( 8=F=;A7 ( 86 ( 9A7 ( 8=A767& ( %; ( 69 ( 7=96;B=A ( 86 ( 9: ( ;ABI6 ( K?6 ( :F:;D:( :CC6L?H:;8A(GA;<67(E(B?GLC67J(9:(96;<:(B:;B=Q;(869(CNA(76(I:B6(G?CG?99A(E( F:(G?C=6;8A(BA;(9:(G:CBI:(86(9:(7AGLC:&
!! ',(-,'.\*!, ==
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=5
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a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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=6
b6;8=8:(9:(G67:J(M?67<A7(69(M:;(E(69(I=8CAG=69(7ALC6(699:J(76(7=6;<:;(9A7( <C67 ( 6; ( <AC;A ( E ( BA;F6C7:;& ( +?;8=;> ( M=86 ( :9 ( F=:H6CA ( K?6 ( MCAMACB=A;6 ( 8:<A7( :B6CB:(86(7?(M6C7A;:(E(86(7?7(I6BIA7&(,;<6(7?(7=96;B=A(AL7<=;:8A(76(9A(M=86( 6;(;AGLC6(869(=;<6CU7(K?6(I:(867M6C<:8A(6;(7?(G?H6C& ':(B9:C:(E(C6B<:(G=C:8:(869(F=:H6CA(76(MA7:(?;(=;7<:;<6(6;(/=>9=;8:(E(9?6>A( BA;(FAD(>C:F6(E(BA;<6;=8:(C67MA;86T Ya?BIA(G6(>?7<:CN:(ANCG6(99:G:C(1C=68G?;8fJ(M6CA(7Q9A(M?68A(99:G:CG6( -6Ig:9<h&(a=(M:8C6(@?6(?;(g697:i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g:9<[ +?;8=;> ( 67B?BI: ( :M6;:8A ( E ( 9:G6;<: ( 69 ( A7B?CA ( 867<=;A ( 869 ( IAGLC6S ( 7?( G?H6C(/=>9=;8:(:;=G:(:9(F=:H6CA(:(BA;<:C(7?7(9?BI:7& %9 ( I?U7M68 ( ;:CC: ( 6;<A;B67 ( 9: ( GR7 ( <6CC=L96 ( E ( C6B=6;<6 ( 86 ( 7?7 ( I:D:P:7J( B?:;8A(?;:(HAF6;(96(M=8=Q(:GM:CA(6;(7?7(867F6;<?C:7(MACK?6(7?7(@:G=9=:C67( 9:(AL9=>:L:;(:(867MA7:C76(7=;(:GAC&('?BIQ(:(@:FAC(86(699:Se(M6CA(BACC=Q(9:( 7:;>C6(86(I6CG:;A7(6;(9:(BA;<=6;8:J(E(9:(M6;:(8AG=;Q(6;<A;B67(69(@?CAC(86(9:( HAF6;J(K?6(:LC:DR;8A76(:(9A7(B:8RF6C67(86(7?7(M:C=6;<67(99ACQ(:CC6M6;<=8:& /=;(86H:C96(C6MA;6C(9:7(@?6CD:7(B:E6CA;(86(;?6FA(9A7(6;6G=>A7(BA;<C:(69( 86@6;7ACJ(8=7M?67<A7(:(?9<=G:C9AS(96(@?6(=GMA7=L96(I?=CJ(M?67(9:(HAF6;(;A(K?=7A( GAF6C76 ( 869 ( 9?>:C& ( b?FA ( K?6 ( 86@6;86C9: ( 869 ( NGM6<? ( 86 ( F6;>:;D: ( 86 ( 9A7( :<:B:;<67(MCA<6>=U;8A9:(8?C:;<6(9:C>A(<=6GMA(BA;(7?(9:;D:(E(7?(67B?8AJ c:7<:(K?6(76(9A7(867<CAD:CA;&(^?68Q(867:CG:8AJ(GAC=L?;8:(9:(HAF6;J(E( M6C76>?=8A(MAC(?;:(L:;8:(6;@?C6B=8:& YZ,IAC:(E:(7:L67J(G?H6CJ(MAC(K?6(;A(G6(99:GA(1C=68G?;8[(Y<6CG=;:(BA;(FAD( >C:F6(E(8A9=8:(69(I?U7M68& ': ( G?H6C ( I: ( 67B?BI:8A ( BA;GAF=8:& ( /Q9A ( =;<6CC?GM6 ( 69 ( 7=96;B=A ( 9: ( FAD( B:C>:8:(86(A8=A(86(+?;8=;>T Y$A;ADBA(?;:(C:D:(7:9F:H6(M:C:(K?=6;(;A(I:E(;:8:(7:>C:8AS(<A8A7J(E(EA( M:C<=B?9:CG6;<6J(9:(A8=:GA7&(1?=(99:G:8A(M:C:(F6;>:C(9:(7:;>C6(F6C<=8:(86(G=7( M:C=6;<67(E(996>?U(<:C86S(C6>C67AJ(E(6;B?6;<CA(6;(G=(MCAM=:(B:7:(:9(BC=G=;:9( @?>=<=FA&(+AE(<6(MCA<6>6(G=(IA>:C(E(MAC(67<:(;ABI6(<6(:8G=<A(BAGA(I?U7M68S( =
#?+2)#,-#@)AB #C+D'*),+%#,-"#,+"+%B 6 #!E&'%@-#,-#"+(+B 5
=6
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=7
M6CA(G:P:;:(<6;8CR7(K?6(86@6;86C<6(BA;(@?6C<67(:CG:7(MACK?6(67(69(8N:(K?6( 69=HA(M:C:(69(BAGL:<6(E(9:(F6;>:;D:&(Z+:7(86(M:>:C(9:(86?8:(86(9A7(G?6C<A7[ %C>?=8AJ(7AL6CL=A(E(LC=99:;<67(9A7(AHA7(76(96F:;<:(+?;8=;>(86(9:(G67:(E( AC86;:(:(7?(G?H6C(K?6(MC6M:C6(7?(L6L=8:(E(96(:>?:C86(6;(7?(:MA76;<A&(%99:( G=C: ( =;<6;7:G6;<6 ( :9 ( F=:H6CA ( E ( :9 ( 7:9=C ( 69 ( 67MA7A ( 76P:9: ( BA; ( 8=7=G?9A ( :9( I?U7M68(?;(M?;<A(6;(69(RCLA9(B?E:7(C:NB67(96F:;<:;(69(M=7A(86(9:(GAC:8:&(36Y CA ( +?;8=;> ( 9: ( C6B9:G: ( =GM6C=A7A ( E ( 867:M:C6B6 ( BA; ( 699: ( 86H:;8A ( 7A9A ( :9( 867BA;AB=8AJ(G=6;<C:7(MCA@=6C6(:G6;:D:7& X?;<A(:9(@?6>A(69(F=:H6CA(76(7?G6(6;(MCA@?;8:(G68=<:B=Q;(E(C6G6GAC:(9:7( B:7= ( A9F=8:8:7 ( C6BAG6;8:B=A;67 ( K?6 ( 96 ( I=B=6C: ( 7? ( M:8C6 ( M:C: ( B?:;8A ( 76( 6;BA;<C:C:(6;(M69=>CA&('A(=;FAB:(6;(7?(C6B?6C8A(E(8676:(BA;(@6CFAC(MA766C(9:( 67M:8:(K?6(67>C=G=6C:(6;(7?7(BAGL:<67&('?6>AJ(:9(LC=99A(GAC<6B=;A(86(9:(96P:( :C8=8:J(M=6;7:(6;(9:(L699:(E(:?>?7<:(G?H6C(B?EA(6;B:;<A(96(:<C:6(E(96(8AG=;:& ':7 ( 99:G:7 ( 869 ( IA>:C ( 76 ( I:; ( =8A ( :M:>:;8AS ( ?;: ( W9<=G: ( BI=7M: ( 7:9<:( 9?G=;A7:(E(F:(:(B:6C(H?;<A(:9(7=<=A(76P:9:8A(MAC(/=>9=;8:(EJ(:(7?(9?GLC6J(76(8=Y F=7:(9:(6GM?P:8?C:(86(?;:(67M:8:(6;<6CC:8:(6;(69(<CA;BA(869(F=6HA(@C67;A& %9 ( F=:H6CA ( :7AGLC:8A ( 76 ( MC6>?;<: ( 7= ( 9A ( K?6 ( LC=99: ( ;A ( 67( 69 (C6@96HA ( 86 (9:( G=C:8:(86(9:(G?H6CJ(MACK?6(6;(9:(A7B?C=8:8(86(7?(F=8:(7A9=<:C=:(69(@?6>A(86( 7?7(AHA7(I:(CAD:8A(7?7(MRCM:8A7(8R;8A967(9?D(E(B:9AC&(b:9(F6D(676(G=7GA( @?6>A(I:(MC6;8=8A(6;(69(<CA;6A&(#67M?U7(869(6I=7MACCA<6A(@=;:9(869(W9<=GA(96PA( 9:(I:L=<:B=Q;(I:(K?68:8A(7?G=8:(6;(9:(A7B?C=8:8&(':(<ACG6;<:(I:(B67:8A(E( 7Q9A(69(F=6;<A(L9:;8A(BA;(A9AC(:(<=6CC:(GAH:8:(<=6GL9:(6;(9:(I:L=<:B=Q;&(#6( =GMCAF=7AJ(/=>9=;8:(<A8:(86(L9:;BA(:M:C6B6(6;(9A(:9<A(86(9:(67B:96C:(K?6(L:H:( 86(7?(I:L=<:B=Q;& Y< ( #?6CG67J ( I?U7M68_ ( YMC6>?;<: ( 6; ( FAD ( L:H:& ( %9 ( F=:H6CA ( 76 ( =;BACMAC:( 7ACMC6;8=8A&(Yj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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=8
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b6 ( I6 ( F=7<A ( E ( <6 ( I6 ( MC676;<=8A ( B?:;8A ( G6 ( G=C:L: ( 6; ( 69 ( :>?: ( 86 ( 9A7( :CCAEA7[(Y(BA;<67<:(/=>9=;8:YS(<6(I6(67M6C:8A(86786(69(<=6GMA(E:(M6C8=8A(E(6;( LC?G:7&( Z+6 (996F:8A ( 676A;8=8A (E( 6; ( 766C6<A ( G= ( :GAC( : ( <=S( <? ( FAD( G6 ( 6C:( BA;AB=8:(E(7A;:L:(:(GW7=B:(6O<C:P:(E(8=F=;:[ 'A7(:G:;<67(76(AE6;(=;?;8:8A7(86(?;(G?<?A(6;B:;<:G=6;<AS(76(B?6;<:;( 7?7(7?6PA7J(7?7(M6;:7(E(67M6C:;D:7S(C6BA;AB6;(K?6(9:(=G:>6;(86(B:8:(?;A( E:(F=FN:(6;(:GLA7S(K?6(9:(FAD(6C:(?;(F=6HA(6BA(BA;AB=8A(B?EA(:B6;<A(967( F6;N:(86(96HA7J(86786(9:(;=P6D(M6C8=8:& Y]#6(F6C:7(<6(99:G:7(-6Ig:9<_(YMC6>?;<:(/=>9=;8:& Y#6786(K?6(G6(:G:7(86HU(86(99:G:CG6(:7NS(:IAC:(8AG=;A(9:7(869=B=:7(E(9A7( 6;B:;<A7(869(:GAC&( Y]3?6867(99:G:C<6(1C=68G?;8_( Y'96F:CU(B9(;AGLC6(K?6(<W(G6(867&( Y]"A(6C:(9ALA(<?(M:8C6_( YZ%C:(9ALA(M:C:(DACCA7(BAL:C867[( YZbW(6C67(?;(g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bW(6C67(/=6>G?;8(E(EA(/=>9=;8:J(K?6(:;7=A7:(<6(67M6C:L:[(Z+:7(>:;:8A( BA;(<?(67M:8:(:(<?(I6CG:;:(E(:(<?(67MA7:[ YZ%7MA7:(E(I6CG:;:(6C67[(YC67MA;86(/=6>G?;8Y&((Z/?CH:J(M?67J(86(;A7A<CA7( ?;:(;?6F:(67<=CM6(86(9A7(g697:7[ \(69(C67M9:;8AC(9?;:C(=9?G=;:(:(9A7(:G:;<67S(:@?6C:(76(7=6;<6(6;(69(LA7K?6( =8
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=9
69(7?7?CCA(86(9:7(IAH:7(GAF=8:7(MAC(69(F=6;<A(G:P:;6CA&(3CA;<A(69(F=6HA(7A9( :9?GLC:CR(9A7(B:G=;A7(E(9:7(BACD:7(BACC6CR;(6;<C6(9A7(G:<ACC:967&(5;=8A7(6;( 69(867<=;A(9:(M:C6H:(:L:;8A;:(9:(B:7:(86(+?;8=;>(E(76(M=6C86(6;(9:(?GLCN:(86( 9:7(769F:7(E(69(7=96;B=A(869(:G:;6B6C& 'A7 ( 8=A767(86786 (69 (-:9I:99: ( I:; (F=7<A (69 (86CCA<6CA (86 (9A7( :G:;<67S( 9:( G=C:8:(86(-A<:;(9A7(I:(:BAGM:P:8A(MAC(9A7(76;86CA7(869(LA7K?6& +?;8=;>J ( F?69<A ( 86 ( 7? ( 96<:C>AJ ( BA;AB6 ( 69 ( :L:;8A;A ( 86 ( /=>9=;8: ( E ( ?;:( <C6G6;8:(BQ96C:(9A(BA;G?6F6&(!;FAB:(:(1C=B`:J(9:(MCA<6B<AC:(869(G:<C=GA;=AJ(E( B9:G: ( F6;>:;D:& ( %9 ( F=6HA ( -A<:; ( 9?BI: ( 6;<C6 ( 7? ( MC6@6C6;B=: ( MAC ( 69 ( g697:( /=6>G?;8J(7?(MCAM=A(I=HAJ(E(9:(=;@9?6;B=:(86(7?(67MA7:(K?6(C6B9:G:(H?7<=B=:( M:C:(+?;8=;>& $?:;8A(6;(A<CA(<=6GMA(-A<:;(867B6;8=Q(:(9:(<=6CC:(6;(L?7B:(86(%C8:J(9:( G?H6C ( 86 ( 7:L=8?CN: ( =;@=;=<:J( 9: ( @:7B=;Q ( BA; (7? ( 8AG=;=A ( E( 86 (9A7( :GAC67( 86( :G=LA7(;:B=Q(9:(I=H:(MC68=96B<:(869(8=A7T(cC?;=98:&($A;(699:(7?G:;(;?6F6(7?7( I=H:7J ( <A8:7 ( g:9`EC=:7J ( HQF6;67 ( >?6CC6C:7 ( K?6 ( B:L:9>:; ( 6;<C6 ( 9:7 ( ;?L67( 996F:;8A ( 9A7 ( B:8RF6C67 ( 86 ( 9A7 ( IUCA67 ( G?6C<A7 ( 6; ( BAGL:<6 ( E ( K?6 ( 9?6>A( @ACG:CR;(9:7(96>=A;67(869(-:9I:99:&(%99:7(7A;(9:7(>?:C8=:;:7(86(9:(<C:;K?=9=8:8( 86 ( 9A7 ( 8=A767 ( E ( 86@=6;86; ( 9A7 ( 8AG=;=A7 ( 86 ( -A<:; ( 86 ( 9:7 ( :C<6CN:7 ( 86 ( 9A7( "=L69?;>A7&(+:L=<:;(9:7(696F:8:7(BC67<:7(86(9A7(GA;<67J(96HA7(86(9:(B69A7:( G=C:8:(86(1C=B`:J(K?6(;A(I:(M6C8A;:8A(H:GR7(9:(MC676;6=:(86(I=H:7(K?6(;A( 7A;(7?E:7& $A;(9A7(MC=G6CA7(=;7<:;<67(869(:G:;6B6C(69(MC=G6CA(86(9A7(8=A767(99:G:(:( cC?;=98:(C6BAC8R;8A96(K?6(MCA;<A(I:(86(=;=B=:C76(69(BAGL:<6(6;<C6(+?;8=;>(E( 69 ( g697:& ( ,8F=6C<6 ( : ( 7? ( I=H: ( K?6 ( U9 ( I: ( MCAG6<=8A ( 9: ( F=B<AC=: ( : ( /=6>G?;8&( cC?;=98:(96(I:B6(MC676;<6(K?6(M:C:(699A(86L6CR(9?BI:C(BA;<C:(69(8676A(86(7?( MCAM=:(67MA7:J(K?6(86@=6;86(69(86C6BIA(86(+?;8=;>&(1C=B`:J(H?7<:G6;<6J(76( :B6CB:(6;(?;(B:CCA(<=C:8A(MAC(BI=FA7& -A<:;(76(:;=G:(:(7N(G=7GA(M:C:(:@CA;<:C(69(6;AHA(86(7?(G?H6C&(1C=B`:(76( :B6CB:(:9(>C?MA(E(BA9UC=B:(C6MCABI:(:9(67MA7A(MAC(MCA<6>6C(:GAC67(;6@:7<A7(E( 76C(=;H?7<A(BA;(69(B9:GAC(86(+?;8=;>&(%9(8=A7(76(86@=6;86(C6M9=B:;8A(K?6(;A( BA;7=86C:(7:>C:8A(69(H?C:G6;<A(K?6(?;6(:(8A7(76C67(K?6(;A(76(:G:;&(1C=B`:( 76(IACCAC=D:(E(96(C6BC=G=;:(<A8A(7?(M:7:8A(86(6;>:PA7S(86(I:L6C76(AB?9<:8A( <C:7 ( ;AGLC67 ( 8=7<=;<A7 ( E ( :8AM<:8A ( @ACG:7 ( 8=F6C7:7 ( M:C: ( F:>:C ( MAC ( 9A7( LA7K?67(E(B:GMA7(BAGA(?;(9ALAS(86(7?7(:GAC67(BA;(GAC<:967J(86(9A7(K?6( I:LN:;(;:B=8A(<A8:7(7?7(I=H:7J(9:7(g:9`EC=:7S(E(9A(K?6(GR7(9:(6;@?C6BN:(6C:(7?( M6CNA8A ( M:7:8A ( 6; ( 9:7 ( 769F:7 ( F=F=6;8A ( BA; ( 7? ( I=HA ( /=6>G?;8J ( F6C8:86CA( C6<APA(g697:(86(-A<:;& %9(8=A7(;A(76(BA;G?6F6(BA;(9:(BQ96C:(86(7?(67MA7:S(;A(=;<6;<:(6OM9=B:C96( 7?7 ( A7B?CA7 ( 867=>Y ( ;=A7 ( K?6 ( 9A ( 996F:; ( : ( <:; ( C:C:7 ( <C:;7@ACG:B=A;67 ( E( M6C6>C=;:H67 ( K?6 ( C6:9=D: ( 6; ( 9: ( <=6CC: ( E ( 6; ( 69 ( G?;8A ( 86 ( 9A7 ( IAGLC67S ( ;=( <:GMABA(K?=6C6(86F69:C96(69(867<=;A(7AGLCNA(K?6(I:(BA;B68=8A(:(7?7(I=HA7& 1C=B`: ( M?686 ( 67<:C ( 6; ( M:D ( C67M6B<A ( : ( 9:7 ( I=H:7 ( 86 ( -A<:;S ( 9:7 ( ;?6F6( g:9`EC=:7(67<R;(7AG6<=8:7(:(9:(FA9?;<:8(86(1C=B`:J(:?;K?6(;A(76:;(7?7(I=H:7&( "A(BA;7=>?6(B:9G:C(9:(:>=<:B=Q;(86(9:(8=A7:J(K?6(96(C6MCABI:(69(:?O=9=A(8:8A(:( 7?7(I=HA7(g697:7S(6O=>6(K?6(76(96(:CC6L:<6(:(/=6>G?;8(:;<67(869(BAGL:<6(7?( 67M:8:(G:C:F=99A7:J("A<I?;>J(M:C:(K?6(M?68:(M6C6B6C(6;(G:;A7(86(+?;8=;>&( 1C=B`:(K?=6C6(69(6O<6CG=;=A(86(9A7(g697:7S(;=(:E?8:(:9(IAGLC6J(;=(M=68:8(:(9:( G?H6C&(%;(F:;A(-A<:;(96(I:B6(;A<:C(K?6(9:(67M:8:(@?6(>:;:8:(96:9G6;<6(MAC( @?6CD:(E(MAC(BAC:H6(E(B?:;8A(GR7(@:9<:(96(I:BN:S(6;(69(BA9GA(86(9:(=C:(9:(8=A7:( =9
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=:
96(C6M9=B:(K?6(F:(:(6;@C6;<:C76(BA;(9:7(86B=7=A;67(696(7?(MCA=A(67MA7A(:(@=;(86( AL<6;6C(69(<C=?;@A(86(+?;8=;>J(K?6(M:C:(699:(67(69(<C=?;@A(86(9:(@=869=8:8(BA;Y E?>:9& Y^?U(6O=>67(86(GN_(YBA;<67<:(BA;(76GL9:;<6(7AGLCNA(69(8=A7& YZ^?6 ( :L:;8A;67 ( : ( /=6>G?;8[ ( ZaNC:G6 ( 86 ( @C6;<6 ( E ( ;A ( 7?6P67 ( BA;( 6;>:P:CG6[(Z,96H:(<:GL=U;(86(U9(:(9:(g:9`EC=:(cC?;=98:[(Z3CAINL696(K?6(8U(9:( F=B<AC=:(:9(g697:[ -A<:;(:M69:(:(<A8:7(9:7(:C>?B=:7(MA7=L967(M:C:(6F=<:C(9:(6;<C6>:(869(g697:( E ( 7? ( 86CCA<: ( MAC ( 69 ( 6;6G=>A ( E ( 86@=6;86 ( 69 ( 86C6BIA ( 86 ( cC?;=98: ( M:C:( MCA<6>6C9A&(36CA(9:(BQ96C:(E(69(A8=A(86(1C=B`:(7A;(>C:;867(F(6;(;AGLC6(86(9A7( 8=A767(M=86(69(7:BC=@=B=A(869(IUCA6S(7?(IA;AC(86(67MA7:(869(MC=G6CA(86(9A7( 8=A767(9A(6O=>6&(\(-A<:;(MCAG6<6(E(H?C:(BA;86;:C(:(/=6>G?;8(:(9:(86CCA<:& ,(9A(96HA7(QE676(69(>C=<A(86(>?6CC:(K?6(9:;D:(cC?;=98:(86786(?;(M6PQ;(86(9:( GA;<:P:&(%7(69(B:;<A(LU9=BA(K?6(:;=G:(:9(BAGL:<6(E(6;:C86B6(:(9A7(IUCA67(:( 9?BI:C(7=;(867G:EAS(69(:B6;<A(67(867>:CC:8A(E(BC?69J(M6CA(69(<A;A(<=6;6(?;:( F=LC:B=Q;(I6CA=B:(K?6(I:B6(67<C6G6B6C(86(6;<?7=:7GA(:9(BAC:DQ;(F:CA;=9(K?6( I:(86(67@ACD:C76(6;(9:(M696:&(/N(G?6C6(F6;B=6;8AJ(MA8CR(L6L6C(69(I=8CAG=69( 6;(69(BCR;6A(869(F6;B=8A(E(6GLC=:>:C76(BA;(69(6;B:;<A(86(9:7(g:9`EC=:7& cC?;=98:(F6(M:7:C(:(1C=B`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g:9`EC=:7& ( '?6>A ( 96 ( ;:CC: ( BQGA ( I:L=6;8A ( :CC:;B:8A ( :9 ( ;=L69?;>A( ,9L6C=BA ( 69 ( :;=99A ( @ACH:8A ( BA; ( 69 ( ACA ( 869 ( *I=;J ( 6; ( F6D ( 86 ( 86FA9F6C9A ( : ( 9:7( A;8=;:7(BAGA(76(9A(CA>:L:;J(M:>Q(BA;(69(69(C67B:<6(86(1C6N:J(69(MC6B=A(869( -:9I:99:(6C=>=8A(MAC(9A7(>=>:;<67& ,7N(7:BC=@=BQ(69(ACA(869(*I=;(6;(;AGLC6(869(MA86CNA(E(86(9:(6<6C;=8:8(86(9A7( 8=A767(:G6;:D:8A7(6;(7?(6O=7<6;B=:&(b=6GL9:(cC?;=98:(:9(7:L6C(9:(MC68=BB=Q;( 86(%C8:J(9:(G?H6C(K?6(7:L6(9A(K?6(69(G?;8A(@?6(B?:;8A(BA;(M:9:LC:7(A7B?C:7( MC68=HA(K?6(76(MA;8CN:(@=;(:(9:(6<6C;=8:8(86(9A7(8=A767&(1?6(6;<A;B67(B?:;8A( -A<:;(86B=8=Q(L:H:C(:9(G?;8A(86(9A7(GAC<:967(E(:CC:;B:C(:(%C8:(69(76BC6<A(869( 867<=;A(86(9A7(8=A767&($:?<=FQ(:(9:(6O<C:P:(G?H6C(E(@?6(M:8C6(86(cC?;=98:& Y$A;<=>A(E(BA;(<?7(ABIA(I6CG:;:7J(c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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=;
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g697: ( /=6>G?;8 ( ;A ( ALC: ( 76>W; ( <? ( FA9?;<:8_ ( Y96 ( C67MA;86( cC?;=98:& Y+6(C6BA;AB=8A(9A7(LA7K?67(BA;(U9(BAGA(?;:(:9=G:P:(7:9F:H6(E(9?6>AJ(E:( IAGLC6J(9A(I6(:CG:8A(BA;(?;:(67M:8:(=;F6;B=L96&(]$QGA(K?6C6C(6;>:P:CG6( :(G=(G=7GA_(1CB`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cC?;=98:(K?6(I:(7:L=8A(K?6(69( 6;:;A(,9L6C=BAJ(>C:B=:7(:9(ACAJ(I:(BA;K?=7<:8A(:(?;:(G?H6C(GAC<:9(E(86(9A7( :GAC67(I:(86(7?C>=C(69(@C?<A(869(A8=A(K?6(?<=9=D:CR(BA;<C:(B9(-:9I:99:& YZ\(676(MCA8=>=A(':(7=8A(9A>C:8A(MAC(69(K?6(G:98=HA(:9(:GAC[(Z\(EA(K?6( 7=6GMC6(9A(I6(:8AC:8AJ(;?;B:(I6(BC6:8A(:9(IUCA6(9=LC6(K?6(BAGL:<:(MAC(GN[ \( 6; (7?( @?CAC(96>: (:( cC?;=98:( 9: (MAGM:( 86 (9:(8=F=;=8:8 (E( 9: (BA;G=;:( :( M696:C(MAC(1CN69:(:L:;8A;:;8A(:(/=6>G?;8& cC?;=98: ( 76 ( 7?L96F: ( :;<6 ( <:9 ( C67A9?B=Q;& ( ': ( =C: ( 86 ( -A<:; ( ;A ( C6BA;AB6( 9NG=<67J(6;<A;B67J(E(96(AC86;:(AL68=6;B=:(:L7A9?<:S(E(7=(:B:7A(9:(<6G6C=8:8(9:( 996F: ( : ( 867AL686B6CJ ( 69 ( GRO=GA ( B:7<=>A ( B:6CR ( 7ALC6 ( 699: ( <:9 ( BAGA( BACC67MA;86(:9(?9<C:H6(=;@6C=8A& \(86H:;8A(:(9:(g:9`EC=:(7?G=8:(6;(9:(867A9:B=Q;J(69(8=A7(76(=;<6C;:(6;(9:7( 67B:CM:8:7(GA;<:P:7(8A;86(GAC:;(9:7(HQF6;67(>?6CC6C:7& , ( 9A ( 96HA7J ( E ( 6; ( 67<C6BI: ( >:C>:;<:J ( :7=U;8A76 ( : ( 9:7 ( CAB:7J ( c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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
=<
76CR(9:(B:?7:(86(9:(C?=;:(86(/=6>G?;8&(36CA(69(IUCA6(M=6;7:(6;(9:(9?BI:(K?6( I:(86(=;=B=:C(6;(LC6F6(E(76(6O:9<:(:9(=G:>=;:C(K?6(I?;8=CR(7?(67M:8:(I:7<:(69( M?PA(6;(69(BAC:DQ;(86(7?(6;6G=>A& /6(AE6(9:(99:G:8:(86(?;(B?6C;A(>?6CC6CA(K?6(=;B=<:(:(9:(M696:S(C67?6;:;( >C=<A7(86(>?6CC:(E(86(867:@NA&(%7(+?;8=;>(K?6(I:(867M6C<:8A(86(7?(7?6PA(E( 99:G:(6;(9A7(LA7K?67(:(9:7(<C=L?7(E(:(9A7(M6CCA7J(B9:G:;8A(F6;>:;D:(BA;<C:( 9A7 ( M6CH?CA7& ( ':7 ( H:?CN:7 ( 76 ( :B6CB:; ( E ( /=>9=;8: ( <=6GL9: ( MAC ( 9: ( 7?6C<6 ( 86( /=6>G?;8& ( %7 ( <:9 ( 69 ( 8A9AC ( K?6 ( 96 ( MCAFAB: ( 9: ( F=7=Q; ( 86 ( 9A7 ( <ACG6;<A7 ( K?6( =G:>=;:(I:;(86(=;@9=>=C(:(/=6>G?;8(9:7(G:;:8:7(@6CAB67(86(+?;8=;>J(K?6(B:6( 867G:E:8:& ( /=6>G?;8 ( 9: ( BA9AB: ( 7?:F6G6;<6 ( 6; ( 7?7 ( CA8=99:7J ( AL76CF: ( 7?( 96;<:(C67M=C:B=Q;(E(L67:(7?(@C6;<6&(cC?;=98:(G=C:(9:(67B6;:(<6;=6;8AJ(BA;(?;:( G:;AJ(86(9:(LC=8:(:(7?(B:L:99AJ(E(7A7<6;=6;8A(69(67B?8A(BA;(9:(A<C:& YZ/=6>G?;8[ ( Y8=B6Y& ( Z'6F:;<: ( I:B=: ( GN ( 9: ( G=C:8:[ ( /Q9A ( G6 ( F6; ( 9A7 ( K?6( 67<R;(BA;86;:8A7(:(G?6C<6&(a6(:M:C6DBA(6;(69(BAGL:<6(7Q9A(:(9A7(F:9=6;<67&( Z%9(M:8C6(86(9:7(L:<:99:7(<6(I:(67BA>=8AS(<6(BA;8?B=CU(6;<A;B67(:9(-:9I:99:[ Y],(K?=U;(6;BA;<C:CU(:99N_(YC67MA;86(69(IUCA6& Y,9(-697:J(<?(M:8C6S(:(9:7(:9G:7(86(=;@=;=8:8(86(IUCA67(G?6C<A7S(9:(I=H:( MC68=96B<:(86(-A<:;(<6(76CF=CR(9:(BAM:(86(I=8CAG=69S(9:7(I6CGA7:7(g:9`EC=:7(<6( C6B=L=CR;(BA;(:GAC(Y(8=B6(cC?;=98:& Y]26CU(<:GL=U;(:(/=>9=;8:_ Y"AS(699:(86L6(:W;(C67M=C:C(69(:=C6(86(9:(<=6CC:& Y%;<A;B67J(7:9?8:(:(-:9I:99:J(:9(-697:J(:(9A7(IUCA67(E(:(9:7(g:9`EC=:7S(;A( <6(7=>A(YC6M9=B:(/=6>G?;8& Y':(7?6C<6(<6(AL9=>:(:(I:B6C9AJ(M?67(+?;8N;>(<6(G:<:CR(6;(69(BAGL:<6&(Z%9( 867<=;A(<6(67<R(76P:9:8A(E(69(K?6(<6(BA;86;:(:(G?6C<6(I:(K?=<:8A(<A8A(MA86C( :(<?(67M:8:[ YZ$:99: ( E ( ;A ( :7?7<67 ( : ( 9: ( :G:8: ( K?6 ( 8?6CG6[ ( Y96 ( C?6>: ( /=6 ( SCA?;8S ( E( 8A9AC=8A ( MAC ( 69 ( 76;<=G=6;<A ( 86 ( 7? ( :B=:>: ( 7?6C<6J ( 9:G6;<: ( 69 ( 867<=;A( 867F6;<?C:8A(K?6(96(67M6C:(:(/=>9=;8:J(9?6>A(86(7?(86CCA<:(MAC(+?;8=;>& $A;GAF=8: ( cC?;=98: ( :;<6 ( 9: ( :;>?7<=: ( E ( 69 ( :GAC ( 86 ( /=6>G?;8J ( K?6 ( ;A( 9:G6;<: ( 7? ( G?6C<6 ( B6CB:;: ( 7=;A ( 69 ( 867:GM:CA ( 6; ( K?6 ( I: ( 86 ( 86H:C ( : ( 9:( :G:8:J(M=86(:9(IUCA6(96(BA;@N6(:(7?(G?H6C(E(:9(I=HA(K?6(;:B6CR(86(699:&(36CA( /=6>G?;8(8676:(9:(G=7G:(7?6C<6(K?6(/=>9=;8:S(MC6@=6C6(G:<:C9:(BA;(7?(MCAM=:( 67M:8:("A<I?;>J(E:(K?6(;A(I:(86(76CF=C96(M:C:(AL<6;6C(9:(F=B<AC=:& ':(g:9`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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
5>
=;@:;B=:J(9:(GAC:8:(86(9A7(M:8C67J(69(@C67;A(@:G=9=:CJ(9:7(FAB67(:;<=>?:7(E(69( 8A9AC(E(9:(<C:>68=:(86(9:(867<C?BB=Q;(86(7?(IA>:C(E(9:(8=7M6C7=Q;(E(G?6C<6(86( 9A7(7?EA7& ':(<6GM67<:8(:CC6B=:(6;(<A8A(69(RGL=<A(869(B=B9AS(9A7(C69RGM:>A7(C:7>:;( 9:7(;?L67(E(9A7(<C?B:(;A7(867M=6C<:;(:(/=>9=;8:&(/6(AE6(7?(>C=<A(:;>?7<=:8A( 99:G:8A(:(/=6>G?;8&(5;(C69RGM:>A(:9?GLC:(9:(67B6;:(869(BAGL:<6(6;(9A(:9<A( 86(?;:(CAB:(E(996>:(69(6BA(86(9A7(>C=<A7(6;BA;:8A7(86(+?;8=;>(:<:B:;8A& YZ#6<6;6A7[(Za:<:8G6(:(?;N(MC=G6CA[(YB9:G:(/=>9=;8:& 5; ( C67M9:;8AC ( F=FN7=GA ( 96 ( 867B?LC6 ( : ( 9: ( g:9`EC=: ( MCA<6>=6;8A ( BA; ( 7?( 67B?8A ( : ( /=6>G?;8& ( %9 ( IUCA6 ( :;=G:8A ( E ( @?6C<6 ( F: ( : ( B9:F:C ( 7? ( 67M:8:( "A<I?;> ( 6; ( 69 ( 6;6G=>AS ( M6CAJ ( 6; ( 676 ( =;7<:;<6J ( B9 ( MC=G6CA ( 86 ( 9A7 ( 8=A767J( BA9UC=BA(MAC(9:(867AL68=6;B=:(86(cC?;=98:J(76(:M:C6B6(E(BA;(7?(9:;D:(86<=6;6( 9:(67M:8:J(K?6(:9(BIAB:C(76(K?=6LC:(6;(M68:DA7&(^?68:(867:CG:8A(69(IUCA6S( 69(BAL:C86(+?;8=;>(:MCAF6BI:(69(GAG6;<A(E(I?;86(7?(:CG:(6;(/=6>G?;8& ':(g:9`EC=:(F6(GAC=C(:(7?(MCA<6>=8A(E(67M:;<:8:(MAC(9:(=C:(86(-A<:;(BACC6(:( 7:9F:C ( : ( /=>9=;8:& ( ': ( 6;B?6;<C: ( 867A9:8: ( E ( 67<C6G6B=8: ( H?;<A ( : ( 9: ( CAB:( MCA<6B<AC:S(9:(<AG:(6;(7?7(LC:DA7(E(BA9ABR;8A9:(6;(69(B:L:99A(I?E6(MAC(6;<C6( 9A7(867@=9:86CA7& ,<CR7J(6;(9:(BC67<:(869(GA;<6J(6;(9A(K?6(@?6(67B6;:C=A(869(BAGL:<6J(7Q9A( K?68:(69(B:8RF6C(869(IUCA6&(+?;8=;>(MCA@=6C6(>C=<A7(86(F=B<AC=:S(M6CA(9:(BQ96C:( E(69(8A9AC(86(-A<:;(7A;(<6CC=L967(E(:CCAH:(86(7?(MC676;B=:(:(+?;8=;>&(,;<6(69( 867MC6B=A(869(8=A7J(69(>?6CC6CA(B:6(G?6C<A& ,IAC:(69(@?CAC(86(-A<:;(76(8=C=>6(:(9:(g:9`EC=:(MC6@6C=8:J(K?6(I:(F=A9:8A( 7?7 ( QC86;67 ( E ( :E?8:8A ( :9 ( IUCA6& ( $A;<C: ( 699: ( I: ( 86 ( 6H6CB6C ( ?; ( B:7<=>A( 6H6GM9:C(E(8?CA& ':(<6GM67<:8Y(86BC6B6(E(9A7(86;7A7(;?L:CCA;67(I?E6;(I:B=:(69()67<6&(%9( F=6;<A(@CNA(867B?LC6(:9(B=69A(EJ(6;(9:(<=6CC:J(C69?B6;(9:7(IAH:7(86(9A7(M=;A7(869( LA7K?6(9:F:8:7(MAC(9:(99?F=:& %;(9:(B?GLC6(86(9A7(GA;<67(67B:CM:8A7J(996F:8:7(MAC(B9(F=6;<A(B:L:9>:;( 9:7(g:9`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cC?;=98:_ ': ( g:9`EC=: ( <:C8: ( 6; ( 996>:CS ( 9?6>A ( :M:C6B6 ( <C:7 ( F69ABN7=G: ( F ( :>=<:8:( B:CC6C:&(2=6;6(I?E6;8A(86(9:(BQ96C:(869(M:8C6(E(BA;8?B=6;8A(:(/=>9=;8:&(,9( 996>:C(:9(M=;:CJ(BACC6(:9(6;B?6;<CA(86(7?7(I6CG:;:7J(:(9:7(K?6(M=86(:E?8:(E( MCA<6BB=Q;& YZ3AC(MC=G6C: ( F6D( I?EA ( E( 7AE( M6C76>?=8:[( Z%9 ( M:8C6 ( 86 ( 9:7( L:<:99:7( G6( M6C7=>?6[(Z"A(7AE(E:(7?(c=H:(MC68=96B<:[ ':7 ( g:9`EC=:7 ( 76 ( IACCAC=D:; ( :;<6 ( <:9 ( :BA;<6B=G=6;<A& ( H:GR7 ( I:;( 867AL686B=8A(:9(8=A7S(9:(867F6;<?C:(86(cC?;=98:(9:7(BA;G?6F6(6;(6O<C6GA&( 36CA(;A(76(:<C6F6;(:(867:@=:C(9:(BQ96C:(86(-A<:;&(,;<6(7?7(AHA7(67M:;<:C9A7( F6; ( :F:;D:C ( 9: ( <6GM67<:8 ( 6; ( B?E:7 ( ;?L67 ( 76 ( :B6CB: ( 69 ( 8=A7 ( BA9UC=BA& ( "A( MA8CR; ( :E?8:C ( : ( cC?;=98:J ( M?67 ( 86L6; ( AL68=6;B=: ( : ( 7? ( M:8C6S ( ;= ( 7=K?=6C:( M?686;(MCA<6>6C(:(9:(867F6;<?C:8:(/=>9=;8:J(K?6(<C:7<AC;:8:(MAC(9:(G?6C<6(86( 5>
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
5=
/=6>G?;8 ( B9:G: ( K?6 ( 76 ( 9: ( G:<6& ( Z":8=6 ( MA8CR ( 7:9F:C9:[ ( ':7 ( HQF6;67( >?6CC6C:7(6;(B:L:9>:<:(86767M6C:8:(76(M=6C86;(6;(9A7(GA;<67J(>C=<:;8AT YZ,@?6C:(67:(G?H6C[(Z^?6(;=;>?;:(g:9`EC=:(9:(MCA<6H:[ /Q9A ( c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cC?;=98:[ 36CAJ ( :IAC:J ( <A8:7 ( 9:7 ( g:9`EC=:7 ( BAGM:86B=8:7 ( =D:; ( C6>C67:8A ( E ( 9:( MCA<6>6;(BA;(7?7(B?6CMA7&(%9(8=A7(C6B9:G:(:(9:(867AL68=6;<6(E(M6CH?C:S(C6BC=Y G=;:(9:(86L=9=8:8(86(9:7(>?6CC6C:7(E(6O=>6(9:(MC676;B=:(86(cC?;=98:&(\(U7<:( :M:C6B6J(@=CG6(E(C67?69<A(B9(M:7A& YZ"A(76CR7(E:(G=(G6;7:H6C:[S(Z;A(<6(76P:9:CU(IUCA67(6;(69(BAGL:<6[(Z"=( 67<:CR7(6;(9A7(@67<=;67(86(9A7(8=A767[(Z"=(L67:CU(<?(LAB:(=;AB6;<6[(Z^?68:7( @?6C:(869(6HUCB=<A(8=F=;A(E(6OM?97:8:(86(9:(C:D:(86(9A7(8=A767[ ,;<6(<:;(<C6G6;8:(BA;86;:(99AC:;(E(C?6>:;(9:7(g:9`EC=:7S(M6CA(-A<:;(67( =;@96O=L96&(cC?;=98:(86L6(86H:C(69(G?;8A(LC=99:;<6(86(9A7(8=A767(E(BA;F6C<=8:(6;( GAC<:9(86L6CR(I=9:C(E(AL686B6C(:(?;(IAGLC6J(7=6;8A(69(L9:;BA(86(9:7(L?C9:7&( ':7(g:9`EC=:7(I?E6;(867A9:8:7(:9(B:6C(69(BC6MW7B?9A& c:HA(?;(B=69A(9=GM=A(:IAC:(86(;?L67J(cC?;=98:(76(8=C=>6(:(7?(M:8C6(BA;(9:7( F=6H:7 ( M:9:LC:7 ( 869 ( :@6B<A ( E ( 96 ( C6B?6C8: ( 69 ( GAG6;<A ( 6; ( K?6 ( 69 ( 8=A7J( GAC<=@=B:8A ( MAC ( 1C=B`:J ( 96 ( BA;<:C: ( 7?7 ( M67:C67& ( %99: ( 7Q9A ( I: ( B?GM9=8A ( 9A7( A7B?CA7(6(=;BA;@67:8A7(8676A7(86(7?(M:8C6J(K?6(;A(MA8N:(C6:9=D:C9A7(MAC(7?( MCAG67:(:(1C=B`:& 36CA(69(MC=G6CA(86(9A7(8=A767(67(=;@96O=L96(6;(7?7(867=>;=A7S(C6MCABI:(:( cC?;=98:(69(:GAC(6;B6;8=8A(MAC(69(IUCA6(/=6>G?;8(K?6(9:(=GM?97Q(:(867Y AL686B6C(7?(G:;8:<A(E(:96H:C9:(869(M:8C6&(/=;(M=68:8(:9>?;:J(AC86;:(K?6( :L:;8A;6(69(-:9I:99:& +?G=986(E(86767M6C:8:J(9:(I=H:(MC6@6C=8:(86(-A<:;(96(C?6>:J(MAC(W9<=GAJ( K?6(7=(I:(86(6OM?97:C9:(86(9:(C:D:(86(9A7(8=A767(E(7AG6<6C76(:(?;(IAGLC6J( K?6(U7<6(;A(76:(;=(=;8=>;A(;=(BAL:C86& YZb6 ( 7AG6<6CU ( : ( ?; ( MCA@?;8A ( 96<:C>A[ ( Z%9 ( K?6 ( 9A>C6 ( 867M6C<:C<6 ( 76CR ( <?( 67MA7A[(Y(96(C6M9=B:(69(8=A7& YZ)E6(9:(W9<=G:(7WM9=B:(K?6(<6(8=C=HA[(YC?6>:(cC?;=98:Y&(%7<A(=GM9ACA(86(<=Y( Z+:D(K?6(:C8=6;<67(99:G:7(B=CB?;86;(9:(CAB:(8A;86(8?6CG: E(K?6(86FAC6;(:(K?=6;(76(:<C6F:(:(:B6CB:C76[(Z,7N(7Q9A(69(GR7(F:96CA7A(86( 9A7(IUCA67(9A>C:CR(867M6C<:CG6[ %9(8A9AC(86(cC?;=98:(BA;G?6F6(MAC(@=;(:(-A<:;(E(:BB686(:9(C?6>A(86(9:( 8A;B699:&(YZ5;(@?6>A(;?MB=:9(BAGA(;?;B:(:C8=Q(M:C:(;AF=:(:9>?;:(<6(CA86:CR[( Z,LC:7:8AC:7 ( 99:G:7 ( B=CB?;8:CR; ( 9: ( CAB: ( E ( :<6GAC=D:8A ( I?=CR ( 69 ( BAL:C86[( 5=
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
55
Z/Q9A(AL<6;8CR(:(9:(8A;B699:(K?=6;(76:(GR7(9=LC6(K?6(EAJ(K?6(7AE(?;(8=A7[( YBA;H?C:(-A<:;& ,B:C=B=:(:(cC?;=98:(MAC(W9<=G:(F6DJ(69A>=:(7?(<6C;?C:(E(L6996D:(=;AB6;<6&(':( L67:(6;(9A7(AHA7J(K?6(76(B=6CC:;(=;G68=:<:G6;<6J(E(9:(HAF6;(K?68:(8ACG=8:( H?;<A(:(9:7(@9AC67(869(MC:8A(E(L:HA(69(F6C8AC(86(9A7(M=;A7& -A<:;(96(B=P6(69(B:7BA(E(9:(B?LC6(BA;(69(67B?8A&(!;FAB:(:('A>6J(E(69(@?6>A( LCA<:S ( ?;: ( 99:G: ( LC=99:;<6 ( 6GM=6D: ( : ( CA86:C ( 69 ( 7=<=A ( 696>=8A ( @ACG:;8A ( ?;( BNCB?9A(:C8=6;<6(E(:9<AJ(K?6(:9?GLC:(:9(:;ABI6B6C& #ACG=8:(86;<CA(869(B6CBA(99:G6:;<6(K?68:(cC?;=98:S(E(69(MC=G6CA(86(9A7( 8=A767J(:;<6(9:(L699:(E(76C6;:(F=7=Q;(86(7?(I=H:J(@ACG?9:(:W;(7?(W9<=G:(FA<AT YZ^?=6;(<6G:(;=Z(9:;D:J(;A(M:76(;?;B:(:(<C:FU7(86(67<:7(99:G:7[
!!! /!01*!#) 'A7(6;B=;:C67(869(LA7K?6(76(:MC6<?H:;(H?;<A(:(9:(6;<C:8:(86(?;:(>C?<:&(#6( 7?(=;<6C=AC(996>:(69(6BA(:BAGM:7:8A(86(?;(I=6CCA(>A9M6:8A(6;(69(E?;K?6(E(69( 7AM9:C(86(?;(@?6996&('A7(MRH:CA7(MC69?8=:;(7?7(B:;<:C67(G:P:;6CA7(E(9:7(IAH:7( 86 ( 9A7 ( M=;A7 ( E ( 86 ( 9A7 ( CAL967J ( 86 ( 6C>?=8: ( M9:;<:J ( <=6;6; ( 69 ( F6C86 ( @C67BA ( E( LC=99:;<6&('A7(DACCA7(E(9A7(9ALA7(;A(767>:;(BA;(7?7(:?99=8A7(9:(<C:;K?=9=8:8(86( 9:(769F:&(/Q9A(B9(9:G6;<A(86(a=G6J(69(6;:;A(I6CC6CA(K?6(@ACH:(6;(9:(>C?<:J( C:7>:(69(7=96;B=A& YZbACG6;<A(M67:8A[(ZbC:L:HA(7=;(@C?<A[(':(G6HAC(67M:8:(K?6(@ACHU(6;(G=( F=8:(C67=7<=CN:(:(9A7(M?PA7(86(9A7(>=>:;<67&(Z\(67<6(HAF6;D?69AJ(K?6(I6(BC=:8A(E( MCAI=H:8AJ(9:(CAGM6(BAGA(7=(@?6C:(86(H?>?6<6[(Z$:C6DBA(869(:C<6(K?6(M?68:( ?;=C (9A7(M68:DA7(86 (9: ( 67M:8: ( "A<I?;>[(Z\( K?U (MC6G=A (<6;8CN: (7= (M?8=6C:( 9A>C:C9A[ \(a=G6J(:>AL=:8A(MAC(7?(<C:L:HA(7=;(@C?<A(E(7=;(867B:;7AJ(MCA7=>?6(9:(@ACH:&( Z)IJ(7=(U9(M?8=6C:(?;=C(9A7(@C:>G6;<A7(86("A<I?;>[(1:@;6C(B9(>=>:;<6J(6;(B?EA( MA86C ( 67<R ( 69 ( :;=99A ( 869 ( "=L69?;>A ( E ( 69 ( B:7BA ( :9:8AJ ( 8?6PA ( 86 ( <A8A7 ( 9A7( <67ACA7 ( K?6 ( 6O=>=6C: ( MAC ( 9: ( 86FA9?B=Q; ( 86 ( 1C6=:J ( 67 ( :IAC: ( ?; ( 8C:>Q;( G=7<6C=A7A ( E ( <6CC=L96J ( 86 ( =;G6;7A ( B?6CMAJ ( LAB: ( :CG:8: ( 86 ( @=9A7A7 ( 8=6;<67J( 867>:CC:8AC67( 86 (B:C;6J(E(?;: (BA9: (MA86CA7:( K?6( 867<CAD: (>A9M6:;8A&(/=( "A<I?;>(@?676(7A98:8:J(69(HAF6;(K?6(I:(BC=:8A(a=G6(69(6;:;A(MA8CN:(9=LC:C( BAGL:<6(BA;(69(8C:>Q;(E(BA;K?=7<:C(69(<67ACA(869("=L69?;>A(M:C:(7?(<?<ACS( ,9L6C=BA(;A(B?6;<:(M:C:(;:8:(6;(67<6(M9:;& 5;(<AK?6(F=LC:;<6(86(B?6C;A(86(B:D:(76>?=8A(86(?;(>C=<A(86(:96>CN:(76(AE6( :(9:(6;<C:8:(86(9:(>C?<:&(5;(HAF6;(IAGLC6(:9<AJ(@?6C<6J(6C>?=8A(E(I6CGA7A( BAGA(?;(8=A7S(C?L=:(9:(B:L6996C:J(:D?967(9A7(AHA7S(<A7<:8:(9:(M=69(MAC(9A7(7A967( 869(F6C:;A(E(B?C<=8:(MAC(9:(F6;<=7B:(869(=;F=6C;AS(@=CG6(86(GW7B?9A7J(:;BIA(86( M6BIAJ(CAL?7<A(86(<AC7AJ(R>=9(69(M:7AS(?;:(C=7:(@C:;B:(E(?;(76GL9:;<6(:L=6C<AS( 69(>67<A(867:@=:;<6(E(69(:=C6(A7:8A(86(:8A967B6;<6&(/=>@C=8A(67(7?(;AGLC6J( 76>W;(a=G6(9A(99:G:S(E(7?E:(67(9:(6O=>6;B=:(86(7A98:C(:("A<I?;>(E(K?6(69( 6;:;A(MAC(GR7(K?6(76(67@?6CD:(;A(M?686(9A>C:C9A&(%;<C:(L?99:;>?6CA(6;(9:( 55
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
56
>C?<: ( <C:E6;8A ( BA;7=>A ( ?; ( A7A ( :MC67:8A ( 6; ( 69 ( LA7K?6J ( K?6 ( =;B=<: ( BA;<C:( a=G6J(BA;(:96>CN:(G:9=B=A7:& YZa?UC869A[(Z$QG69A[(Z$QG6<6(:(676(=;W<=9(@ACH:8AC[ YZ,M:C<:(86(GN(:(67:(@=6C:[(Y8=B6(<6GL9:;8A(a=G6(:B?CC?B:8A(86<CR7(869( IAC;=99A& YZ'A(<C:=>A(M:C:(:<ACG6;<:C<6(G6HAC[(Z,(F6CJ(MC6>W;<:96(MAC(9:(67M:8:[(YE( :B6CB:(69(A7AJ(K?6(>C?P6J(:9(6;:;A(K?6(>=G6(67M:;<:8A& YZ+AE(9:(:B:L:CU(86(M?9=C[(Y:76>?C:& YZ,96H:(:(676(:;=G:9& \ ( /=>@C=8A ( C=6;8A ( K?=<: ( 9: ( B?6C8: ( :9 ( A7AJ ( K?6 ( 67B:M: ( 86 ( =;G68=:<A ( :9( LA7K?6&(,(9A7(C6MCABI67(86(a=G6(MAC(I:L6C(<C:N8A(9:(@=6C:(:(9:(B?6F:J(/=>@C=8A( C67MA;86(K?6(7=6GMC6(7=6;<6(9:(;6B67=8:8(86(L?7B:C(?;(BAGM:P6CA(G6HAC( K?6 ( a=G6 ( E ( : ( K?=6; ( M?68: ( :G:C ( E ( 76;<=C76 ( 7? ( :G=>A& ( $ACC=6;8A ( 6;<C6 ( 9:( :CLA968:(869(LA7K?6(I:(I6BIA(7A;:C(7?(B?6C;A(99:G:;8A(:9(:G=>A(=G:>=;:C=AS( 7Q9A(69(A7A(7:9=Q(C6@?;@?P:;8A(86(9A7(G:<ACC:967& 36CA(:IAC:(K?=6C6(9:(67M:8:(=;F6;B=L96(K?6(a=G6(86L6(I:L6C(@ACH:8A&(%9( 6;:;A(MC676;<:(9:(IAH:(C69?B=6;<6S(/=>@C=8A(MC?6L:(7?(M?;<:J(9?6>A(9:(L9:;86(E( 9:(8AL9:(BA;(7?7(@?6C<67(G:;A7S(9A7(<CADA7(86(G6<:9(LC=99:;(867M?U7(6;(69( 7?69A&(\(;?6F:G6;<6(7?(BQ96C:(76(867M=6C<:&(2=F6(7AP:;8A(BA;(?;:(67M:8:( K?6(C67=7<:(:(7?7(G:;A7S(BA;(699: MA8CR ( G:<:C ( 9A7 ( 8C:>A;67 ( E ( 6;<:L9:C ( BAGL:<67 ( BA;<C: ( >=>:;<67( 7:;>?=;:C=A7S(C6:9=D:C(I6BIA7(I6CA=BA7(E(I:D:P:7(67@ACD:8:7&(/=;(6GL:C>AJ( ;A(M?686(I:B6C9A(:W;(MACK?6(B9(:C<6(86(a=G6(;A(:B=6C<:(:(@ACH:C(9:(67M:8:& \(/=>@C=8A(C6MCABI:(7?(=;I:L=9=8:8(:9(6;:;AT( YZ+:7<:(B?R;8A(I:7(86(6;>:P:CG6J(@:;@:CCQ;[(Y>C=<:(:=C:8A& %;<A;B67J(a=G6(96(C6MCABI:(7?(=;>C:<=<?8&(,IAC:(67(?;(@?6C<6(E(I6CGA7A( HAF6;S(M6CAJ(]K?=U;(96(B?=8Q(:9(;:B6C_(]^?=U;(96(6;76PQ(:(:;8:C_(]^?=U;( >?=Q(7?7(MC=G6CA7(M:7A7_(]^?=U;(96(I=DA(BA;AB6C(69(LA7K?6J(8=7<=;>?=C(7?7( I=6CL:7(E(<C6M:C76(MAC(9A7(<CA;BA7(E(B:;<:C(BA;(9A7(MRH:CA7_(]^?=U;(I:(F69:8A( 7?7 ( ;ABI67J ( MC6M:C:8A ( 69 ( :9=G6;<AJ ( E ( 696>=8A ( 9A7 ( @C?<A7 ( 7=9F67<C67 ( M:C: ( 69( ;=PA_ ( ]^?=U;_ ( ': ( =;>C:<=<?8 ( 86 ( /=>@C=8A ( 9A ( I?;86 ( 6; ( 9: ( 86767M6C:B=Q;S( G=6;<C:7(a=G6(<C:L:H:(E(@ACH:J(69(HAF6;(F:>:L?;86:(MAC(69(LA7K?6J(B:;<:(E( B:D:& ( /=>@C=8A ( BA;AB6 ( <A8: ( 9: ( 9:C>: ( 9:G6;<:B=Q; ( 86 ( a=696S ( 7=6GMC6 ( 9: ( I:( 67B?BI:8A(86786(;=PAJ(M?67(69(6;:;A(76(9:(C6M=<6(86786(K?6(76(8=A(B?6;<:(86( K?6(MA8N:(6;<6;86C96&(,7N(I:(BC6N8A(MA86C(AL<6;6C(69(B:C=PA(869(HAF6;S(M6CA(9A( W;=BA(K?6(I:(9A>C:8A(67(7?(6;BA;A(E(69(BC6B=6;<6(:96H:G=6;<A& ':(MC676;B=:(BA;<C:I6BI:(869(6;:;AJ(7?(:;8:C(BAHAJ(E(7?(:86GR;(<ACM6J(;A( 867M=6C<:(BAGM:7=Q;(7=;A(=CC=<:B=Q;(6;(/=>@C=8A&('6(C6M?>;:(69(:9=G6;<A(K?6(96( MC6M:C:J ( ;A ( M?686 ( BA;B=9=:C ( 69 ( 7?6PA ( 6; ( 69 ( L9:;8A ( 96BIA ( K?6 ( 96 ( 8=7MA;6S( 7=6GMC6(F6(E(7=6;<6(9:(G:9:(=;<6;B=Q;(K?6 (G?6F6(:9(6;:;A(E(;?;B: (76 (96( :M:C6B=Q(96:9(E(L?6;A&(3AC(67A(;A(7=6;<6(:@6B<A(I:B=:(U9(;=(MA8CR(76;<=C9A& ,(F6B67(?;:(8?8:(:7:9<:(7?(9=GM=:(BA;B=6;B=:(86(IAGLC6(BC=:8A(6;(M96;:( ;:<?C:96D: Y]$QGA(67(K?6(I?E6;8A(MAC(B9(LA7K?6(M:C:(;A(67<:C(BA;<=>AJ(F?69FA(A<C:( F6D(:(<?(B:7:_ Y3ACK?6(67<AE(B6CB:(86(<?(BAC:DQ;(YC67MA;86(a=G6& Y"A(A9F=867(K?6(;A(M?68A(7?@C=C<6[ Y%7A(76(86L6(:(<?(@6CAB=8:8S(:W;(86LA(7?:F=D:C(<?7(=GM?97A7&(,7N(BAM=A(9A7( M=BIA;67(MN:;(MAC(69(;=8A(E(9A7(B:BIACCA7(>=G6;(MAC(7?7(M:8C67J(<WJ(768=6;<A( 56
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
57
86(B:C=PAJ(F=6;67(:(GN&(3ACK?6(EAJ(a=G6J(7AE(M:C:(<=(BAGA(69(:F6(G:8C6(M:C:( 69(I=H?69A& Y)E6J ( a=G6S ( 7= ( 6C67 ( =;>6;=A7A ( BA;<67<: ( : ( 67<AT ( 9A7 ( MRH:CA7 ( B:;<:;J ( 76( 99:G:;(?;A(:9(A<CA(6;(9:(MC=G:F6C:&(bW(G6(8=H=7<6(K?6(6C:;(G:BIA(E(I6GLC:&( $A;7<C?E6;(7?(;=8A(E(9?6>A(=;B?L:;(9A7(I?6F6B=99A7S(G:7(B?:;8A(;:B6;(9A7( MA99?69A7J(9A7(B?=8:;(H?;<A7(E(9A7(:9=G6;<:;&(%9(9ALA(G:BIA(996F:(9:(BAG=8:(:( 9A7(B:BIACCA7(E(9:(I6GLC:(9A7(B?=8:&(%;(699A7(:MC6;8N(9A(K?6(6C:(69(:GAC(E( H:GR7 ( 6; ( G=7 ( BACC6CN:7 ( MAC ( 69 ( LA7K?6 ( CALU ( ?; ( I=H?69A& ( ]#Q;86 ( 67<R ( <?( I6GLC:J(a=G6J(M:C:(99:G:C9:(G:8C6_ =k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a=G6(=;<6;<:(8=7?:8=C96(?;:(F6D(GR7J(M6CA(/=>@C=8A(7:9<:(:(7?(B?699A(BAGA( ?;(<=>C6(HAF6;&(/Q9A(6;<A;B67(M?686(BA;AB6C(69(76BC6<A(86(7?(AC=>6;& Y0=G=6;8A ( 6;BA;<CU ( 6; ( 69 ( LA7K?6 ( : ( ?;: ( G?H6C ( YBAG=6;D: ( 8=B=6;8A ( 69( 6;:;AS(Y(9:(<C:H6(H?;<A(:(G=(@C:>?:(M:C:(B:96;<:C9:&(%;(67<6(7=<=A(;:B=7<6(<W&(%99:( G?C=Q(E(<W(<6(7:9F:7<6&(3AC(699:(G6(@?6(8:8A(<?(;AGLC6S(86LN:(=GMA;UC<69A( MACK?6(<6(I:CN:(@?6C<6(E(9=LC6& \ ( ;?6F:G6;<6 ( a=G6 ( K?=6C6 ( C6M6<=C ( 9: ( 6;?G6C:B=Q; ( 86 ( 7?7 ( B?=8:8A7 ( E( 67@?6CDA7J(M6CA(/=>@C=8A(96(=;<6CC?GM6T YZ^?=6CA(7:L6C(69(;AGLC6(86(G=(G:8C6[ Y'A(I:LCU(A9F=8:8A_&&&(%7M6C:&&&(/=>9=;8:(BC6Q(C6BAC8:C(K?6(@?6& Y\(69(86(G=(M:8C6(&&&( Y^?U(@?6(86(G=(M:8C6_ Y"?;B:(96(F=&(b?(G:8C6(7Q9A(8=HA(K?6(G?C=Q(6;(?;(BAGL:<6S(BAGA(I?UC@:;A( E(867:GM:C:8A(<6(C6BAG6;8Q& YZ^?=6CA(?;:(MC?6L:(86(<A8A(67<A[ \(a=G6(96(G?67<C:(9A7(@C:>G6;<A7(86(9:(67M:8:("A<I?;>(K?6(69(M:8C6(86( /=>@C=8A(996F:L:(:9(M6C6B6C(6;(7?(W9<=GA(BAGL:<6& 5;:(:96>CN:(867LAC8:;<6(8:(M:7A(:(9:(M6;:(6;(69(HAF6;&($A;(9A7(M68:DA7( 86(9:(67M:8:(CA<:(86L6CR(@ACH:C(69(:CG:(K?6(L9:;8=CR(6;(7?7(9?BI:7&(^?=6C6( K?6(a=G6(9A7(?;:(E(<C:L:H6(?;(:CG:(7=;(=>?:9&($A;(699:(7:98CR(869(LA7K?6(E( 6;<C:CR(6;(69(G?;8A&(Z$QGA(76CR(696(@69=D(6;(7?(9=L6C<:8[(b:9(BAGA(69(MRH:CA(E( 9:(:9=G:P:(6;(9:(769F:&($AGA(69(F=6;<A(K?6(G?6F6(9:7(IAH:7(E(69(:>?:(K?6( BACC6(6;(9A7(<ACC6;<67&(%GLC=:>:8A(BA;(9:(67M6C:;D:(86(7?(9=L6C:B=Q;(BACC6(:9( LA7K?6(996;:;8A(69(:=C6(BA;(7?7(>C=<A7(86(HWL=9A& a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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
58
86(1:@;6C(69(8C:>Q;(E(6;<:L96(BAGL:<6(G:<R;8A9A(E(G?C=6;8A(:(9:(F6D_ ':7(9:G6;<:B=A;67(86(a=G6(76(=;<6CC?GM6;(86(>A9M6&(5;(F=:H6CA(6O<C:PA( I: ( 6;<C:8A ( 6; ( 7? ( >?:C=8:S ( ?7: ( 9:;D:J ( 996F: ( ?; ( G:;<A ( :D?9 ( A7B?CA ( E ( ?;( 7AGLC6CA(86(:;BI:7(:9:7(B:6(7ALC6(7?(AHA(<?6C<A& /:9?8:(:9(I6CC6CA(:7?7<:8AJ(K?6(76(BC66(:G6;:D:8A(MAC(?;(M69=>CA(;?6FA( E(;A(96(A@C6B6(IA7M=<:9=8:8&(36CA(69(F=:H6CA(96(8=B6(M:9:LC:7(7=>;=@=B:<=F:7(:9( 867B?LC=C(7?(G=68A(E(7?(<?CL:B=Q;T(U9(BA;AB6(86(<A8A(E(;:8:(96(67<R(AB?9<A(:( 7?(7:L6C&(]3AC(K?U(69(6;:;A(;A(=;<6;<:(MA;6C9A(:(MC?6L:_(a=G6(76(:;=G:(E(96( @ACG?9:(<C67(MC6>?;<:7J(:MA7<:;8A(7?(IAC;=99A(BA;<C:(9:(B:L6D:(869(6O<C:PA& Y]^?U(67<=CM6(F=F6(6;(9:7(MCA@?;8=8:867_ Y'A7( "=L69?;>A7(E( "=L69I6=; ( 67( 7? ( M:<C=:&( /A; (;6>CA7( E(,9L6C=BA (6; (?;( <=6GMA(@?6(7?(C6E(G68=:;<6(69(MA86C(GR>=BA(86(?;(:;=99A(@ACH:8A(BA;(69(ACA(869( *I=;(E(K?6(96(MCAMACB=A;Q(=;BA;<:L967(C=K?6D:7& Ya?BIA ( 7:L67J ( F=:H6CAS ( M6CAJ ( 8=G6 ( :IAC:T ( jK?U ( 67M6B=6 ( 8AG=;: ( 6; ( 9:( 7?M6C@=B=6(86(9:(<=6CC:_ Y':(C:D:(86(9A7(>=>:;<67J(B?E:(M:<C=:(67(*=676;I6=;S(1:7A9<(E(1:@;6C(@?6CA;( 9A7(>=>:;<67(K?6 >:;:CA;(69(:;=99A(869(;=L69?;>A(,9L6C=BAJ(E(BA;(U9(7?(MA86C&(/=;(6GL:C>AJ(9:( G:98=B=Q;(869(:;=99A(9A7(996FQ(:(9:(8=7BAC8=:(E(:(9:(9?BI:(:(G?6C<6& Y]^?U(67<=CM6(I:L=<:(9:(C6>=Q;(86(9:7(;?L67_(Z$A;<67<:(:IAC:J(F=:H6CA[ Y'A7( 8=A767S( 7? ( GAC:8: ( 67( 69 (-:9I:99:&( -A<:; ( 9A7( C=>6 ( E( 7? ( 9:;D: ( 67<R( I6BI:(86(9:(C:G:(7:>C:8:(869(@C67;A(869(G?;8A&(%;(7?(:7<:(67<R;(9:7(VC?;:7VJ( @QCG?9:7(G=7<6C=A7:7J(=;7BC=M<:7J(K?6(C6F69:;(9A7(M:B<A7(BA;F6;=8A7&(^?=6;( MA76:(9:(9:;D:(67(8?6PA(869(G?;8A&(,;<6(-A<:;(76(=;B9=;:(69(6HUCB=<A(86(9A7( "=L69?;>A7(E(9:(C:D:(86(9A7(>=>:;<67(:B:<:(7?7(BA;76HA7& Y2=:H6CAT(I:7(7:9F:8A(<?(B:L6D:S(7=>?6J(:IAC:J(<?(B:G=;A(Y8=B6(69(6;:;A& 36CA(69(6O<C:PAJ(:(7?(F6DJ(K?=6C6(MA;6C(:(MC?6L:(69(7:L6C(869(6;:;AS(7?( B:L6D:(I:(86(76CF=C(86(MC6;8:(7=(;A(9A>C:(C67MA;86C(:(<C67(MC6>?;<:7(K?6(69( F=:H6CA(I:(86(@ACG?9:C96& a=G6 ( BA; ( I?G=98:8 ( C6M9=B: ( K?6 ( I:B6 ( <=6GMA ( :L:;8A;Q ( 7? ( M:<C=: ( E ( 76( 76M:CQ(86(7?(G:8C6&(':(G=C:8:(86(-A<:;(?;(8N:(=9?G=;Q(7?(B?6F:&(%GM96:CR( <A8A(7?(=;>6;=A(6;(7:9F:C(7?(B:L6D:J(M?67& Y]$?R9(67(9:(C:D:(K?6(-A<:;(<C:<:(M6AC(EJ(7=;(6GL:C>AJ(67(9:(K?6(GR7( :G:_(Y(BAG=6;D:(69(F=:H6CA& Y':(86(9A7(g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a=G6(;A(M?686(BA;<67<:C(:(67<:(MC6>?;<:(E(BA;@=67:(7?(=>;AC:;B=:J(E:(K?6J( :?;K?6(67(69(GR7(7:L=A(I6CC6CAJ(;A(I:(MA8=8A(@ACH:C9:& $A;(<A;A(7=L=9=;A(69(6O<C:PA(96(BAG?;=B:(K?6(<:9(BA7:(7Q9A(MA8CR(I:B6C9:( K?=6;(;A(76M:(9A(K?6(67(G=68A&(\(9?6>A(:>C6>:T 58
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
59
Y#6786( IAE(<?( B:L6D:( 67<R (6GM6P:8:(E(9:(B686CR7(: (:K?69(K?6( ;?;B:( 7=;<=Q(69(<6GAC& %9 ( ;=L69?;>A ( K?68: ( :<6CC:8AS ( 69 ( F=:H6CA ( I: ( 867:M:C6B=8A ( 6; ( 69 ( LA7K?6( B=CB?;8:;<6&(a=G6(76(86H:(B:6C(H?;<A(:9(E?;K?6(E(G68=<:(:L:<=8A&(5;(F=FA( C67M9:;8AC(E(?;(>C:;(67<C?6;8A(96(996>:(86786(:@?6C:S(67(1:@;6C(K?6(M:7:( I:B=:(7?(B?6F:(:M9:7<:;8A(E(867<CAD:;8A(9A(K?6(6;B?6;<C:(:(7?(M:7A& %9(6;:;AJ(C6;8=8A(E(<6GL9ACA7AJ(K?68:(67BA;8=8A(:(9:(67M6C:(86(/=6>@C=68& 5;(>C=<A(:96>C6(E(H?F6;=9(9A(F?69F6(6;(7NS(67(69(HAF6;(K?6(C6>C67:&(,9(6;<C:C( M=86(9:(67M:8:(K?6(E:(86LN:(I:L6C96(<C:L:H:8A(a=G6S(6;(676(GAG6;<A(76(8:( B?6;<:(69(6;:;A(869(AB?9<A(76;<=8A(86(9:(76;<6;B=:(869(F=:H6CAT(V/Q9A(MA8CR( @ACH:C9:(:K?69(K?6(;A(7:L6(9A(K?6(67(G=68AV&(/=>@C=8AJ(MAC(9A(<:;<A&(#6(GA8A( K?6(7?(B:L6D:(86(6;:;A(67<R(6GM6P:8:(:9(HAF6;J(]BQGA(MA8CR(7:9F:C76(7=( ;A(67(=;@?;8=U;8A96(G=68AJ(I:B=U;8A96(BA;AB6C(69(<6GAC_ "A ( 8?C:; ( G?BIA ( 9:7 ( G68=<:B=A;67 ( 86 ( a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a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a=G6( M=6;7:(6;(9:(<C:G:(K?6(7?(M6C@=8=:(MC6M:C:& YZ"A<I?;>J(67M:8:(6;F=8=:8:[(Y>C=<:(/=>@C=8A(6;(7?(6O:9<:B=Q;(L9:;8=6;8A(69( 59
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
5:
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bW(G=7GA(6;(M6C7A;:(<6(:<C6F67(:(F6;=C_ 36CA(69(F=:H6CA(7=;(C67MA;86C(8=C6B<:G6;<6(MC6>?;<:(:9(6;:;A(7=(:B:7A(76( I:99:(6;(69(LA7K?6(>?:C8:;8A(9:(B?6F:(86(1:@;6C&(%9(;=L69?;>A(7Q9A(C6M9=B:( C6MCABI:;8A ( : ( -A<:;J ( 69 ( 6O<C:PA ( F=:H6CAJ ( 69 ( 867MAHA ( 869 ( :;=99A ( E ( 86 ( 7?7( <67ACA7&(%9(:;=99A (@ACH:8A(BA;(69 (ACA (869(*I=;(86L6 (FA9F6C(:(U9(E(@AG?9: (9:( :G6;:D:(86(:7:9<:C(B9(-:9I:99:(69(8N:(K?6(F?69F:(:(7?(MA86C&(36CA(69(F=:H6CA( :?>?7<A ( 96 ( MC68=B6 ( :BA;<6B=G=6;<A7 ( =;67M6C:8A7S ( 69 ( MCAM=A ( I6CG:;A ( 86( ,9L6C=BAJ(a=G6J(I:(BC=:8A(:9(IUCA6(K?6(I:(86(G:<:C(:(1:@;6C&(%9(HAF6;(67( =;AB6;<6J ( M6CA ( a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a=G6 ( E ( /=>@C=8A ( M=7:;8A ( 9:7 ( I=6CL:7 ( IWG68:7 ( B:G=;:; ( : ( <C:FU7 ( 869( LA7K?6&(+:;(:;8:8A(86786(9:(G:8C?>:8:(6;(L?7B:(86(9:(B?6F:(869(8C:>Q;&( %9(6;:;A(96(:8F=6C<6(K?6(I:(996>:8A(69(GAG6;<A(6;(K?6(I:(86(76;<=C(G=68A(E( 96(867BC=L6(:9(8C:>Q;(E(7?(@6CAB=8:8&('A7(67@?6CDA7(7A;(F:;A7S(/=>@C=8A(C6M9=B:( 76;B=99:G6;<6(7=;(<6GAC(K?6(=CR(867<C?E6;8A(?;:(:(?;:(9:7(:CG:7(869(8C:>Q;T( 7=(9:(6;ACG6(LAB:(67(867G67?C:8:J(76CR(L?6;A(B6CCRC769:(7=;(:B6CB:C76(:( 5:
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
5;
7?7(8=6;<67S(7=(9:(L:L:(67(F6;6;A7:(E(BACCA6(9:(B:C;6J(76(6BI:CR(:(?;(9:8AS(7=( 9:(BA9:(CAGM6(9A7(I?67A7(BAGA(F=8C=AJ(;A(9:(M6C86CR(86(F=7<:J(E(MAC(W9<=GA( MC6>?;<:(7=(:B:7A(69(GA;7<C?A(B:C6B6(86(BAC:DQ;& YZ'A(<=6;6[(Y8=B6(69(6;:;A&( Y],9(>=;(6;<C:(69(G=68A(6;(<?(BAC:DQ;_ YZ+?;8=CU(6;(69(7?EA(G=(67M:8:[(%7A(67(G=68A_ 36CA ( 9: (MC676;B=: ( 869 ( 6;:;A ( 96 (=;BAGA8:S( K?=6C6 (67<:C( 7A9A ( E( ;A ( ANC( 9:( B:;<=96;:(869(B:C=PA(:(K?6(:M69:(a=G6&(%9(HAF6;(7:L6(K?6(67(@:97A(E(:?;K?6(B9( 6;:;A ( 96 ( MCAG6<6 ( F69:C ( B6CB: ( 86 ( 9: ( @?6;<6J ( 69 ( HAF6; ( 9A ( C6BI:D:& ( a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bAG:(7?(LAB=;:(86(M9:<:(E(GA8?9:( ?;:(:96>C6(G69A8N:(BA;(9:(K?6(7=6GMC6(L?7BQ(:(7?7(BAGM:P6CA7(869(LA7K?6T( 9A7(DACCA7J(9A7(A7A7(E(9A7(9ALA7& %9 ( :=C6 ( 76 ( M?6L9: ( 86 ( <C=;A7 ( E ( 7?7?CCA7S ( 9:7 ( IAH:7 ( GAF=8:7 ( MAC ( 9: ( LC=7:( C6G68:;(BA;F6C7:B=A;67(6;(FAD(L:H:& #6 ( MCA;<AJ ( ?; ( 6;ACG6 ( 9:>:C<A ( I: ( 7:9=8A ( 86 ( ?;: ( B?6F: ( E ( 76 ( 6;@C6;<: ( :( /=>@C=8AS(7?(<C6G6;8:(FAD(7:96(MA<6;<6(86(9:(6;ACG6(LAB:&(a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c:H:(/=>@C=8A(:(9:(B?6F:(:(L?7B:C9A7(E(6;(<:;<A(9A7(6;:;A7(,9L6C=BA(E( aNG6J(K?6(F=6;6;(M:C:(8:C76(B?6;<:(86(9:(7?6C<6(869(BAGL:<6J(8=7M?<:;(69( 86C6BIA(86(67<:C(MC676;<67S(:GLA7(:7M=C:;(:9(MC=F=96>=A(86(I:B6C76(8?6PA7( 869(<67ACA(K?6(BA;K?=7<:CR(69(HAF6;(IUCA6(E(AB?M:8:7(7?7(G6;<67(BA;(<:9( 8676A(76(I?;86;(6;(9:7(MCA@?;8=8:867& /=>@C=8A(7:96(86(9:(B?6F:(8?6PA(869(:;=99A(E(869(B:7BA&(!>;AC:;<6 (86(7?( 5;
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
5<
MA86C(76(9A7(BA9AB:(BC6EU;8A9A7(G6CA7(H?>?6<67& %9(LA7K?6(67<R(7?G=8A(6;(69(7=96;B=AS(?;(MRH:CA(=;=B=:(7?(B:;<A(E(9:;D:(7?7( ;A<:7(K?6(K?68:;(F=LC:;8A(6;(69(:=C6(<=L=A(86(9:(G:P:;:&(5;(96F6(7?7?CCA(76( 96F:;<:(86(9:7(IAH:7(E(?;(GAF=G=6;<A(C:CAJ(BAM=A(7=(9A7(RCLA967(E(9:7(I=6CL:7( 76 ( :>=<:C:; ( MAC ( ?;: ( MC676;B=: ( AB?9<:J ( CA86: ( :9 ( IUCA6& ( $:;<: ( 69 ( MRH:CA( ;?6F:G6;<6(E(/=>@C=8A(MAC(MC=G6C:(F6D(6;<=6;86(7?(96;>?:H6S(67(?;(:96C<:(:( 9:7(G:;=ALC:7(7A9:M:8:7(86(a=G6(E(?;(99:G:8A(:(9:(BA;@=:;D:(6;(9:7(MCAM=:7( @?6CD:7&(3AC(I:L6C(MCAL:8A(9:(7:;>C6(869(8C:>Q;(I:(:8K?=C=8A(69(HAF6;(?;:( 7:L=8?CN:(G=9:>CA7:& 3ABA(:(MABA(:M:C6B6(a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a=G6(E(B=6CC:(9:(6;<C:8:(86(9:(>C?<:(BA;(69(8C:>Q;(G?6C<A& b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cC?;=98:(76CR(7?E:& 5;: ( 6O<C:P: ( 6O:9<:B=Q; ( BC6B6 ( 6; ( 69 ( :9G: ( 86 ( /=6>@C=68 ( :9 ( ANC ( 9: ( FAD ( 869( MRH:CAS(76(7=6;<6(=GM69=8A(:(7:9=C(869(LA7K?6(E(BACC6C(6;(L?7B:(86(9:(CAB:( 96>6;8:C=:& YZ"=;>W;(BAL:C86(9A>C:CR(:(9:(8?CG=6;<6[(YB:;<:(69(MRH:CA&( Y(/Q9A(:K?69(K?6(;A(7?MA(;?;B:(9A(K?6(67(G=68A[ YZ/AE(EA[(Y>C=<:(69(HAF6;&( YZ+6 ( G:<:8A ( :9 ( 8C:>Q; ( E ( ;A ( 76;<N ( <6GAC[ ( Z^?=6CA ( K?6 ( G6 ( 9A ( 6;76P6( cC?;=98:[ \(6;:H6;:8A(86(6;<?7=:7GA(BACC6(:(<C:FU7(869(LA7K?6(7=>?=6;8A(9:(I?699:( G?7=B:9(K?6(96(<C:D:(B9(B:;<A(869(MRH:CA& ':(;ABI6(I:(L:H:8A(:(9:(769F:(E(9A7(RCLA967(7Q9A(7A;(G:7:7(K?6(76(:>=<:;( :9 ( M:7:C ( 69 ( F=6;<A& ( ': ( <6GM67<:8 ( 6GM=6D: ( : ( @ACG:C76 ( MAC ( 69 ( 9:8A ( 86 ( 9:( GA;<:P:&('A7(C69RGM:>A7(=9?G=;:;(:9(F=:H6CA(G=7<6C=A7A(K?6(76(>?:C6B6(6;( ?;:(>C?<:S(7?(FAD(76(AE6(6;(9:(A7B?C=8:8(=;FAB:;8A(:(%C8:& YZ%C8:[ ( Za?H6C ( 6<6C;:S ( :L:;8A;: ( <? ( MCA@?;8: ( GAC:8: ( E ( 7:9 ( : ( 9: ( :9<?C:[( $:;<:;8A(<6(867M6C<U(86(<?(7?6PA&(Za?H6C(K?6(<A8A(9A(7:L67J(867M=6C<:[ 5;:(=CC:8=:B=Q;(:D?9(:9?GLC:(9?6>A(9:(>C?<:J(E(6;(G68=A(86(699:(:M:C6B6( %C8:J(B?EA7(B:L699A7(A7B?CA7(<=6;6;(?;(C67M9:;8AC(B6;<6996:;<6& YZ1?6C<6 ( C67?6;: ( <? ( B:;<AS ( 69 ( MA86C ( 869 ( I6BI=DA ( 67 ( >C:;86[ ( ]^?=U; ( G6( 5<
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
6>
MC=FQ(86(G=(96<:C>A_ Y\AJ ( K?6 ( :BA7<?GLCA ( : ( 867M6C<:C ( : ( K?=6; ( 8AG=;: ( MCA@?;8A ( 7?6PA& ( b6( =;FABA(MACK?6(;:8=6(67(GR7(7:L=A(K?6(<W&(#A;86(I:E(F=8:(67<R(<?(:9=6;<AS( 8A;86(76(M=6;7:J(<?(=;<69=>6;B=:&(bW(86L67(C67MA;86C(:(G=7(MC6>?;<:7& Ya=6;<C:7(8?6CGA(9:7(3:CB:7(I=9:;(9A(K?6(EA(7U&(#=CN>6<6(:(699:7& Y/Q9A ( <W ( M?6867 ( B:GL=:C ( 69 ( B?C7A ( 869 ( 867<=;A ( E ( 8:CG6 ( 69 ( G68=A ( M:C:( 86<6;6C(69(>=CA(86(9:(C?68:& Y':7(:BB=A;67(86(9A7(IAGLC67(A7B?C6B6;(G=(7:L6C&(3C6>?;<:(:(cC?;=98:J( I=H:(GN:(E(86(-A<:;J(69(K?6(G6(8AG=;Q(BA;(7?(I6BI=DA& 36CA(69(F=:H6CA(=;7=7<6&($?6;<:(:(%C8:(K?6(c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g697:J(6;(I6C686CA( 869(G?;8AJ(:H6;A(:(9:(6;F=8=:J(:;7=A7A(86(:GAC&(/=;(G=68A(E(F:9=6;<6J(BA;<C:( U9(;A(I:(86(M:C:9=D:C76(9:(G:98=B=Q;(86(,9L6C=BA&(%9(I:(86(867M6C<:C(:(c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e9=G6&('?6>A(69( IUCA6(76(:B6CB:(:9(6O<C:PA(E(96(AL76CF:J(:9(;A<:C(K?6(69(<?6C<A(76(GA@:(86(U9&( 36CA(69(F=6HA(8=A7(8=7B?9M:(7?7(LC:F:<:7(MACK?6(7:L6(K?6(/=>@C=8A(=>;AC:(7?( 6>
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
6=
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cC=99:;<6 ( C67M9:;8AC ( K?6 ( :9?GLC:7 ( G= ( B:G=;A[( Y6OB9:G:Y&(ZaR>=B:(:F6;<?C:(67(:<C:F67:C<6(E(C67B:<:C(:(G=(:G:8:[ \(I:B=6;8A(7A;:C(7?(B?6C;A(86(B:D:(BA;(?;(B:;<A(:;=GA7A(E(>?6CC6CA(76( :CCAH:(MAC(6;<C6(9:7(99:G:7J(7=;(G=68A(E(7=;(<=<?L6A&(,<CR7(K?68:;(9:7(99:G:7(E( :;<6(7?7(AHA7(:M:C6B6;(9:7(CAB:7(K?6(I:B6(?;(=;7<:;<6(F6N:(=;:BB67=L967&(+:( F6;B=8A(:9(@?6>A(E(7?(B:;<A(C67?6;:(>9AC=A7A&(,9>?=6;(867B:;7:(:9(M=6(86(?;:( CAB:(L:HA(7?(LC=99:;<6(:CG:8?C:J(M?67<A(69(B:7BA(E(MCA<6>=8A(MAC(69(67B?8AS( B6CB:J(?;(B:L:99A(8?6CG6(M9RB=8:G6;<6& %9(HAF6;(IUCA6(867B?LC6(:9(8?CG=6;<6(E(8679?GLC:8A(:W;(MAC(69(@?9>AC(86( 9:7(99:G:7(76(86<=6;6(MC67:(86(:8G=C:B=Q;(:9(;A<:C(K?6(67(?;(>?6CC6CA(69(K?6( 8?6CG6&('6F:;<:(69(67B?8A(E(:9(F6C(K?6(C67M=C:(<A8:FN:(86B=86(BAC<:C96(9A7( :;=99A7(86(:B6CA(K?6(B=P6;(9:(BAC:D:S(:9(I:B6C9A(:M:C6B6;(:;<6(7?(:7AGLCA(9:7( L699:7(9N;6:7(869(B?6CMA(86(cC?;=98:(E(9:(7?:F6(<69:(86(9=;A& YZ"A(67(?;(IAGLC6[(Y8=B6(:DAC:8AY&(ZaR>=B:(76;7:B=Q;(:C86(6;(;=Z(M6BIAS( G=7(76;<=8A7(867@:996B6;[(Za:8C6J(G:8C6J(:B?UC8:<6(86(GN[ $:6(7?(B:L6D:(7ALC6(69(76;A(86(cC?;=98:(E(MAC(MC=G6C:(F6D(7=6;<6(M:9M=<:C( 7?(BAC:DQ;(E(AMC=G=C96(69(G=68A&(]3A8CRJ(6;<A;B67J(?;:(G?H6C(MCAFAB:C(69( G=68A(K?6(;:8:(;=(;:8=6(9A(9A>C:C:_(\(6;(7?(<?CL:B=Q;(:9(F6C(K?6(9:(8?CG=6;<6( ;A ( 867M=6C<:J ( 76 ( 86B=86 ( : ( L67:C9: ( 6; ( 9A7 ( 9:L=A7& ( cC?;=98: ( :LC6 ( 9A7 ( AHA7 ( E( :GLA7(76(G=C:;(6GL6967:8A7& YZ/:9?8(:(<=J(AI(7A9[(b6(7:9?8AJ(9?D(869(8N:&(':C>A(@?6(69(7?6PA&(]^?=U;(@?6( 69(IUCA6(K?6(G6(7:BQ(869(96<:C>A_ YZ/=>@C=8A(76(99:G:(K?=6;(<6(867M6C<Q[ %;:H6;:8:(cC?;=98:(7:9?8:(:(9:(<=6CC:(E(:9(G?;8A(:9(7:L6C76(867M=6C<:(MAC( ?; ( IUCA6S(96 (8=B6 ( B?R;<A (E( 86786 (B?R;8A (9A ( :G:L:J(:?; (:;<67 (696 (;:B6C&( $QGA(9A(MCA<6>=Q(BA;(7?(67B?8A(E(BA;7<=<?EQ(7?(B?=8:8A(E(7?(M6;7:G=6;<A( 696(7=6GMC6& YZ)IJ(/=>@C=8AS(9A(K?6(<W (;A(7:L67(9A(7U(EA(MAC(<=[(36CA(9A(7U(MACK?6(<6( K?=6CA&(a=(:GAC(I:B=:(<=(@?6(69(M6;7:G=6;<A(K?6(G6(GAF=Q(:(867AL686B6C(E(:( 96F:;<:CG6(BA;<C:(69(G=7GA(K?6(9A(BA;B=L=6C:S(MAC(U9(@?=(B:7<=>:8:(MACK?6(7Q9A( 9A(76;<N:(E(;A(9A(:8F6C<N:& $:;<A(G=9:>CA7A(BA9G:(69(M6BIA(86(/=>@C=8AS(9:7(B:C=B=:7(M:<6C;:7(;?;B:( 6=
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
65
76;<=8:7(E(9:7(F=6H:7(M:9:LC:7 (G:<6C;:7( ;?;B: (AN8:7(76 (I:B6; (M:<6;<67(E( BR9=8:7(6;(9:(G=C:8:(9?G=;A7:(86(cC?;=98:&(36CB=L6(69(B:9AC(86(7?(:9=6;<A(E(AE6( 69 ( :B6;<A ( 86 ( 7? ( FADJ ( M6CA ( ;A ( 6;<=6;86 ( 69 ( 76;<=8A ( 86 ( 7?7 ( M:9:LC:7& ( /?7( 76;<=8A7(67<R;(:CCAL:8A7(BA;(9:(MC676;B=:(86(699:&(cC?;=98:(7=6;<6(9:(<6C;?C:( 869(IUCA6J(M6CA(96(C?6>:(K?6(;A(76(:B6CK?6(<A8:FN:J(K?6(;A(867<C?E:(9A(8=F=;A( 86(7N(G=7G:&(5;(6O<C:PA(G=68A(BAG=6;D:(:(=;F:8=C9:S(7=6GMC6(@?6(?;:(8=A7:(E( ;?;B:(I:(76;<=8A(<:;(B6CB:;:(9:(=;@9?6;B=:(86(?;(GAC<:9&(#6(:IN(7?(:;>?7<=:(E( 7?(<C=7<6D:& YZ$?R;<A(<6(:GA[(Y(6OB9:G:(69(HAF6;&( YZ)IJ(7=(<W(G6(M6C<6;6B=6C:7[(5;(:>?:(:>=<:8:(A;86:(@C6;<6(:(GNS(7Q9A(F6A( : ( 67: ( A96:8: ( 86 ( :GAC& ( Z)IJ ( 7= ( 7?7 ( A9:7 ( :GR;8AG6 ( G6 ( :CC:7<C:76;[( Z#67M=6C<:J(cC?;=98:J(F=F6(E(7A;CN6(6;(8?9B6(:GAC[ YaR>=BA(6;B:;<A(=;F:86(G=(M6BIA(Y8=B6(cC?;=98:& \(9?6>AJ(6;(?;(:CC:;K?6(BA;GAF=8AJ(:8G=C:(:9(HAF6;(IUCA6T YZb67ACA (86( 9:7( GR7(G:C:F=99A7:7(:BB=A;67[(/A;C=6;8A( ;A7(M6C86C6GA7T( 7A;C=6;8A(;A7(I?;8=C6GA7&(Z,8=Q7J(-:9I:99:[(Z,8=Q7(67M96;8AC(86(9A7(8=A767[( Za?6C6(MAC(B9(:GACJ(>6;6C:B=Q;(6<6C;:[(Z,BUCB:<6J(BC6MW7B?9A(86(9A7(8=A767J(E( K?6(:7AG6(9:(;ABI6(86(7?(867<C?BB=Q;[(3:C:(GN(LC=99:(:IAC:(9:(67<C699:(86( /=>@C=8A&(Za=6;<C:7(67<U(F=FA(69(:GACJ(8?9B6(76CR(9:(G?6C<6[ YZ/=6GMC6J(cC?;=98:J(76CR7(9:(8=BI:(M:C:(GN[(YC67MA;86(69(HAF6;Y&((Za=6;<C:7( 9?B6(69(:GACJ(7A;CN6(9:(G?6C<6[ \(7A;C=6;<67(E(BA;@=:8A7J(B:C:(:9(7A9(E(:9(B=69A(K?6(67(?;:(F69:(B6967<6( =D:8:(6;(69(IAC=DA;<6J(=;=B=:;(9A7(HQF6;67(7?(=8=9=A(M?CA(E(<C:;7M:C6;<6&
!2 %'($*%34/$5')(#%(')/(#!)/%/ %;(9:7(CAB:7(GR7(6GM=;:8:7(86(9:(GA;<:P:J(6;F?69<:7(6;(9:(7AGLC:(86(9:( ;ABI6J(I=9:;(9:7(3:CB:7(B9(867<=;A(86(9A7(8=A767(E(86(9A7(IAGLC67&(':(GR7( :;B=:;:(67<R(<6;8=8:(L:HA(?;(M=;A(86(:;BI?CA7:(BAM:(E(69(G=C:C(:(9A(96HA7( MC6>?;<:(MAC(?;(6O<C:PA(C67M9:;8AC(K?6(8=F=7:&(':(GR7(HAF6;(C67MA;86(K?6( 67('A>6(BA;(7?(6HUCB=<A(86(99:G:7(CA86:;8A(9:(CAB:(7:>C:8:& ':(;ABI6J(:B?CC?B:8:(L:HA(69(B=69AJ(<:C8:(6;(867M6C6D:C76&(':7(<C67(3:CB:7( B:;<:;(6(I=9:;&(':(GR7(:;B=:;:(:<:(?;:(B?6C8:(86(ACA(:(?;:(C:G:(86(M=;A(E( G=6;<C:7(I=9:J(B:;<:T Y5;(8N:(I=9:L:(:9(M=6(869(@C67;A(869(=;?;8A(L:HA(7?(C:G:H6J(H?;<A(:(?;(:CCAEA( BC=7<:9=;A&(5;(8=A7(:<C6F=8A(76(:B6CBQ(:(L6L6C(:(9:(@?6;<6(E(9:(A7:8N:(96(BA7<Q( ?;(AHAS(6;<A;B67(-A<:;(CAGM=Q(?;:(C:G:(869(@C67;A(E(76(I=DA(69(:7<:(86(?;:( 9:;D:&(+6C=8A(69(RCLA9(76BQ(7?(@A99:H6(E(7?7(C:G:7(E(9:(@?6;<6(86HQ(86(G:;:C&( $:;<:(:IAC:(<WJ(I6CG:;:S(7:L67(9A(K?6(I:(86(7?B686C&(,IN(F:(9:(B?6C8:& ':(76>?;8:(3:CB:(6;CA7B:(9:(B?6C8:(:9C6868AC(86(?;:(M=68C:(:(9:(6;<C:8:( 86(?;:(>C?<:(E(B:;<:T Y-A<:; (>C:LQ ( 9:7( VC?;:7V ( 6; ( 69 (:7<: ( 86 (7? ( 9:;D: (E( BA; ( U7<: ( 8AG=;Q ( :9( G?;8A&(5;(HAF6;(IUCA6(9:(K?6LCQ(6;(M68:DA7(E(:7N(867<CADQ(69(BA;<C:<A(7:Y 65
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
66
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cC?;=98:S(9:(<6CB6C:(:>C6>:(K?6(9A7(M68:DA7(86(9:( 867<CAD:8:(9:;D:(76(9A7(I?;8=Q(6;(69(M6BIA(-A<:;J(LCA<:;8A(86(9:(I6C=8:(?;( @?6>A(86FAC:8ACJ(6;(69(B?:9(:CCAHQ(69(8=A7(9:7(:7<=99:7(869(@C67;A(869(=;?;8A& /=(L?6;(I=9:;8A(9:7(3:CB:7(E(9:(B?6C8:(F:(E(F=6;6S(M6CA(9:(76>?;8:(76(8:( B?6;<:(86(K?6(76(6;CA7B:(BA;(8=@=B?9<:8(6;(9:(CAB:(E(B:;<:T Y'A7(LAC867(86(9:(M=68C:(BAC<:;(9:(B?6C8:S(9A7(I=9A7(;A(76(:9:C>:;(E(69(<6H=8A( 67<R(6;C68:8A&(%;F=8=A7AJ(9A(CA6(69(:;=99A(869("=L69?;>A(E(9:(G:98=B=Q;(B(6(9:( F6;>:;D:(867<CAD:(9:7(I6LC:7(86(G=(9:LAC& ':(<6CB6C:(3:CB:(C6BA>6(MC6B=M=<:8:G6;<6(9:(B?6C8:(E(9:(I:99:(86G:7=:8A( @9AH:&("A(96(L:7<:CR(M:C:(76P:9:C(69("AC<6S(<6;8CR(K?6(<=C:C(86(699:&(\(:9(I:B6C9A( 9:(B?6C8:(76(CAGM6(6;(69(G68=A&(':7(3:CB:7(:7?7<:8:7(76(?;6;(6;<C6(7N(E(76( B=P6;(BA;(9A7(M68:DA7(86(9:(B?6C8:& ':(;ABI6(I:(=8A(MABA(:(MABA(86F69R;8A76(E(69(B9:CA(8N:(=CC?GM6(MAC(7ALC6( 9:7(GA;<:P:7& YZ/6 ( :B:LQ ( 69 ( 7:LAC ( 6<6C;A[ ( Y8=B6; ( K?6H?GY ( LCA7:7 ( 9:7 ( 3:CB:7Y& ( Z":8:( MA86GA7 ( :;?;B=:C ( :9 ( =;?;8A[ ( Zc:H6GA7 ( :9 ( 76;A ( 86 ( ;?67<C: ( G:8C6[ ( YE( 867B=6;86;(6;(L?7B:(86(%98:& $A;(9:(:?CAC:(;:B=6;<6J(/=>@C=8A(E(cC?;=98:(7:96;(86(9:(>C?<:&(cC?;=98:(996F:( 7? ( B:L:99A ( 86 ( 9: ( LC=8: ( E ( 9:G6;<: ( <6;6C ( K?6 ( :L:;8A;:C9A& ( +: ( M6C8=8A ( 7?( BA;8=B=Q;(8=F=;:(EJ(BA;(699:J(7?(7:L=8?CN:S(M6CA(96(K?68:(B9(:GAC&(*?6>:(:9( HAF6;(K?6(;A(9:(A9F=86(6;(7?7(:;8:;D:7(MAC(69(=;?;8A& /=>@C=8A(MCAG6<6(F=F=C(M:C:(E(MAC(cC?;=98:J(E(BAGA(7NGLA9A(86(7?(@=869=8:8( 96(C6>:9:(B9(:;=99A(GR>=BA(K?6(:CC:;B:C:(86(9A7(<67ACA7(869(8C:>Q;(867M?U7(86( G:<:C9A(<C:7(C?8:(9?BI:&(":CC:(:(cC?;=98:(7?(I:D:P:(E(7?(HWL=9A(6O<C:PA(:9( 8:C76(B?6;<:(K?6(6;<6;8N:(69(96;>?:H6(869(MRH:CA(>?N:&(cC?;=98:J(6;(B:GL=A( 86(7?(AL76K?=AJ(96(C6>:9:(7?(BACB69J(69(G=7GA(BA;(69(B?:9(B:L:9>:L:(7ALC6(9:7( ;?L67(996F:;8A(9A7(IUCA67(G?6C<A7(6;(BAGL:<67&(3AC(8A;86(F:E:J(0C:;6(9A( BA;8?B=CR(=GMRF=8AS(:(<C:FU7(869(@?6>AJ(869(:>?:J(86(9:(<ACG6;<:J(869(LA7K?6&( /=>@C=8A(K?=6C6(G:CBI:C(6;(MA7(86(I:D:P:7(I6CA=B:7(996F:;8A(69(:GAC(E(69( C6B?6C8A(86(cC?;=98:(BA;7=>AS(9:(HAF6;(9A(:;=G:(E(96(MCAG6<6(:>?:C8:C(7?( C6>C67A(F=B<AC=A7A& YZ/:9?8(:(<=J(cC?;=98:[(Z%7<C699:(9?G=;A7:[ YZ/:9?8(:(<=J(/=>@C=8A[('?D(F6;B68AC:[ \(6;(9:(G:P:;:(<C:;7M:C6;<6(76(C6BAC<:(9:(@=>?C:(I6CGA7:(869(HAF6;(IUCA6( K?6(76(M=6C86(6;(9:(96H:;N:(996F:;8A(:9(B:L:99A(86(9:(LC=8:&(,(9:(8=7<:;B=:(76( 867M=86(I:B=6;8A(7A;:C(7?(LAB=;:(86(M9:<:S(E(9A7(F:9967(C6M=<6;(:>C:;8:8A(69( 6BA& 66
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
67
'6HA7J(69(*I=;(BACC6(MC67?CA7A(I:B=:(B9(G:C&(,>?:7(:CC=L:J(7ALC6(:9<:7(CAB:7( E ( @C6;<6 ( : ( LA7K?67 ( <?M=8A7 ( K?6 ( LAC86:; ( 9:7 ( GRC>6;67J ( 76 ( :9D: ( 9: ( F=6H:( GAC:8: ( 86 ( 9A7 ( 0?=L=H?;8A7& ( %; ( 7? ( 7:9: ( 86 ( :CG:7 ( CA86:; ( ?;: ( G67: ( 9A7( 8?6PA7(86(9:(B:7:T(0?;<I6CJ(0?<C?;:(E(+:>6;& +:>6;(69A>=:(9:(MCAM=68:8(86(7?(I6CG:;A(0?;<I6CJ(G=6;<C:7(U7<6(:9:L:(7?( B=6;B=:& ( +:>6; ( 967( 8=B6 ( : ( 7?7(I6CG:;A7( K?6 ( 9A7(6;B?6;<C: ( 6; (68:8 ( E( 6;( BA;8=B=A;67(86(B:7:C76S(E(:;<6(9:(7ACMC67:(86(699A7(967(MCAMA;6(G:<C=GA;=A( BA;(8A7(76C67(6O<C:AC8=;:C=A7&(3:C:(0?;<I6CJ(9:(GR7(L699:(86(9:7(G?H6C67S( M:C:(0?<C?;:J(69(GR7(F:9=6;<6(86(9A7(IUCA67& $?6;<:(:(0?;<I6C(K?6(7:L6(86(?;:(I6CGA7:(G?H6C(K?6(8?6CG6(6;(?;:( CAB:(B=CB?;8:8:(86(:9<A(9?6>A(=;:BB67=L96S(7Q9A(?;(IUCA6(K?6(;A(BA;ADB:(69( G=68A ( MA8CR ( :CC:;B:C9: ( 86 ( 7? ( 6O<C:P: ( MC=7=Q;& ( b:9 ( G?H6C ( 86L6 ( 76C ( M:C:( 0?;<I6C(E(<:9(IUCA6(M:C:(0?<C?;:&(36CAJ(:8?B6;(7?7(I6CG:;A7J(]BQGA(MA8CR( BA;76>?=C76(K?6(69(IUCA6(:G6(:(0?<C?;:(E(9:(HAF6;(:(0?;<I6C_ +:>6;(8:(:(BA;AB6C(9A7(;AGLC67T(/=>@C=8A(67(69(GR7(A7:8A(86(9A7(IUCA67J( E ( cC?;=98: ( 67 ( 9: ( G?H6C ( K?6 ( 67M6C: ( 76C ( 7:9F:8: ( 86 ( 9:7 ( 99:G:7& ( \ ( :;<6 ( 69( :7AGLCA(<6G6CA7A(86(7?7(8A7(I6CG:;A7J(+:>6;(M9:;6:(9:(@ACG:(86(867<C?=C( 9A(K?6(69(F:9AC(E(69(:GAC(I:;(BC6:8A(;:<?C:9G6;<6&(\(9:(=;7=8=:(76(:@=CG:(E( BC6B6 ( BA; ( 9: ( 7?>6C6;B=: ( K?6 ( +:>6; ( I:B6 ( : ( 7? ( I6CG:;A ( 0?;<I6CJ ( 86 ( K?6( =;F=<6(:(/=>@C=8A(:(7?(B:7<=99AJ(M?67(76(7:L6(K?6(69(IUCA6(;:F6>:(:(9A(9:C>A(869( *I=; ( 6; ( L?7B: ( 86 ( I:D:P:7 ( E ( 6; ( :9:7 ( 86 ( ?; ( :GAC& ( ,9 ( 76C ( I?U7M68 ( 86 ( 9:( GAC:8:(86(9A7(0?=L=H?;8A7J(M?686(0?<C?;:(8:C96(:(L6L6C(?;(LC6L:H6(K?6(96( I:>:(A9F=8:C(7?(:GAC(MAC(c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b6(A@C6DBA(7?(GAC:8:(Y(C67MA;86(+:>6;Y&(Z,<C:B:(:K?N[ 0=C:(/=>@C=8A(7?(6GL:CB:B=Q;(E(7:9<:(:(<=6CC:(BA;(7?(B:L:99A&(0?<C?;:(I:( F=7<A ( :9 ( IUCA6 ( 86786 ( 96HA7 ( 6 ( =GMC67=A;:8: ( MAC ( 7? ( :MA7<?C: ( 67B:M: ( : ( 7?( I:L=<:B=Q;&(/=>@C=8A(MC6>?;<:(MAC(69(@:GA7A(0?=L=H?;8A(B?E:(@:G:(AEQ(G6;<:C( :(<A8A(9A(9:C>A(86(7?(F=:H6(MAC(69(*I=;& YZ\A(7AE[(Y(8=B6(0?;<I6C& 67
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
68
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cC?;=98:(E(:( 7?(:GACS(67(7?(MC=G6C:(9=L:B=Q;(E(6;(699:(H?C:(:;6:C9:(M:C:(7=6GMC6&(36CA( 867M?U7 ( 86 ( I:L6C ( MCAL:8A ( B9 ( LC6L:H6 ( 76 ( 7=6;<6 ( <C:;7@ACG:8AS ( ?;: ( 7WL=<:( M:7=Q; ( MAC( 0?<C?;: ( 9A (8AG=;: ( E( L:HA (7? ( =GM?97AJ( =CC6@96O=L96G6;<6J ( M=86 ( :( 0?;<I6C(76(9:(B68:(MAC(67MA7:&(,;<6(<:9(M6<=B=Q;(69(0?=L=H?;8A(96(I:L9:(86(?;:( G?H6C(K?6(96(:>?:C8:(8ACG=8:(6;(?;:(CAB:(E(B6CB:8:(MAC(69(@?6>AS(7?(;AGLC6( 67 ( c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cC?;=98:& ': ( HAF6; ( 867MA7:8: (M6CG:;6B6 ( :W; ( 6; ( 9: (>C?<: (6 (8A;86 ( F=6C: ( M:C<=C( :( /=>@C=8AS(M:7:(7?7(IAC:7(6;(9:(67M6C:(G=C:;8A(86(F6D(6;(B?:;8A(69(:;=99AJ( C6>:9A(869(IUCA6&(%;(?;(GAG6;<A(8:8A(7=6;<6(69(96H:;A(>:9AM6(86(?;(B:L:99A( K?6 (MABA ( : ( MABA ( F: ( :B6CBR;8A76& ( 5; (=;7<:;<6 ( 867M?U7( AE6 ( 9: ( FAD ( 86 ( 7?( I6CG:;:J(9:(g:9`EC=:(-:9<C:?<:& YZcC?;=98:J(I6CG:;:[(]#?6CG67(A(67<R7(867M=6C<:_(&&& \(cC?;=98:(BACC6(:(7?(6;B?6;<CA(BA;(:96>CN:&(/?MA;6(K?6(7Q9A(MAC(B:C=PA(:( 699:(I:(MA8=8A(K?6LC:;<:C(9:(MCAI=L=B=Q;(86(F6C9:(=GM?67<:(MAC(-A<:;&(\(BA;( 6O:9<:B=Q;(96(I:L9:(696(7?(@69=B=8:8(MC676;<6& YZ%9 ( IUCA6 ( GR7 ( F:9=6;<6 ( G6 ( I: ( I6BIA ( 7? ( 67MA7:[ ( ]#676:7 ( G= ( 7?6C<6_( ]^?=6C67(BAGM:C<=C(G=(8=BI:_(Y96(MC6>?;<:& Y)<C:(BA7:(I:(7=8A(9A(K?6(G6(I:(AL9=>:8A(6; 68
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
69
G=(:;>?7<=:(:(L?7B:C<6J(867AL686B=6;8A(:(-A<:;& \(G?E(MC6AB?M:8:(96(B?6;<:(K?6(86786(K?6(76(76M:CQ(86(c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g:9`EC=:7S(?;:J(-:9<C:?<:J( 76(C6B9=;Q(6;(7?(M6BIA(E(6;<A;B67(G?CG?CQ(69(8=A7T( Y/=(cC?;=98:(86FA9F=676(69(:;=99A(:(9:7(I=H:7(869(*I=;J(9=L6C<:CN:(:9(8=A7(E(:9( G?;8A(86(7?(G:98=B=Q;&(Y(':(g:9`EC=:(:L:;8A;Q(9:(:7:GL96:(7=;(76C(F=7<:J( GA;<Q(:(B:L:99A(E(:(67B:M6(7:9=Q(6;(L?7B:(86(cC?;=98:&(\:(H?;<A(:(699:(96( C?6>:(867MC6;86C76(869(:;=99A(G:98=<A(K?6(9?B6(6;(7?(G:;A(E(86FA9F6C9A(:(9:7( I=H:7(869(*I=;& YZ)I[J(;A(7:L67(9A(K?6(M:C:(GN(C6MC676;<:(67<6(:;=99A(YC67MA;86(c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cC?;=98:J(86(M=6(6;(9:(CAB:J(F6(:B6CB:C76(9:(;ABI6S(69(BC6MW7B?9A(76(:86;7:( E(7?(M6;?GLC:(I:B6(LC=99:C(GR7(9:7(99:G:7(K?6(MCA<6>6;(:(9:(HAF6;(%;(9:(M:D( 869(:;ABI6B6C(76(AE6(B9:C:(E(8=7<=;<:(9:(99:G:8:(86(/=>@C=8AS(7:96(>ADA7:(:( C6B=L=C9A& 5; ( >?6CC6CA ( :M:C6B6S ( :<C:F=67: ( 7=; ( <6GAC ( 9:7 ( 99:G:7 ( E ( 76 ( :869:;<: ( :( cC?;=98:S(67(/=>@C=8A(BA;(7?(B:7BAJ(M6CA(L:HA(9:(:M:C=6;B=:(86(0?;<I6C& YZcC?;=98:[( Z+:7<: ( :K?N( F=;A (K?=6; (;A (<6C;6 ( :9 ( @?6>A[( Z/N>?6G6 (E( 7U ( G=( 67MA7:[ YZbC:=B=Q;[(Y>C=<:(cC?;=98:Y&( (]^?=U;(6C67_(/Q9A(?;(LC?HA(M?8A(67B:9:C(9:( M=68C:&(Z2A9:;8A(996>:(?;(R>?=9:(:(867M68:D:CG6[(]^?=U;(6C67(<WJ(IACC=L96( :M:C=B=Q;_(&&& Y0?;<I6CJ(?;(0?=L=H?;8A(Y(C67MA;86(/=>@C=8A& YZ-A<:;J(8=A7(BC?69[(Z$AGMC6;8A(:IAC:(<?(F6;>:;D:[(Y>=G6(cC?;=98:Y&(Za6( 6;<C6>:7(:9(8A9AC(E(:(9:(F6C>d6;D:[ Y$A;<=>A(I6(86(867MA7:CG6(6;(<?(GAC:8:(Y:>C6>:(69(>?6CC6CA& 0C=<: ( IACCAC=D:8: ( cC?;=98: ( E ( 96 ( :G6;:D: ( BA; ( 69 ( MA86C ( 86 ( 7? ( :;=99A& ( %9( >?6CC6CA(76(:CCAH:(7ALC6(699:(E(76(9A(:CC:;B:(G=6;<C:7(9:(HAF6;(B:6(C6;8=8:(MAC( 9:(9?BI:& YZ\:(6C67(GN:J(cC?;=98:J(67MA7:(86(0?;<I6C[(Y96(8=B6(69(>?6CC6CA(E(9:(AL9=>:( :(6;<C:C(6;(9:(>C?<:(BA;(:86GR;(=GM6C=A7A& ,(7A9:7(69(@:97A(0?;<I6C(8=B6(G=C:;8A(7?(67M:8:T( Y,IAC:J ( "A<I?;>J ( 6C67( <67<=>A ( 86 ( K?6 ( IA;67<:G6;<6 ( 9A>CU ( : ( 67<: ( G?H6C( >?:C8:;8A(@=869=8:8(:9(I6CG:;A&Y(\(M6;6<C:(86B=8=8:G6;<6(6;(9:(>C?<:& 69
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
6:
%9(*I=;(76(=9?G=;:(BA;(9:(9?D(9?;:C(E(9:7(:>?:7(G:CBI:;(G?CG?H6:;8A(:( <C:FU7(86(9:7(<=6CC:7(LA7BA7:7(86(9:(F=6H:(06CG:;=:&(,>?:7(:CC=L:J(@C6;<6(:(9:( GAC:8: ( 86 ( 9A7 ( 0?=L=H?;8A7J ( +:>6; ( 67<R ( 8ACG=8A ( 6; ( 7? ( ?GLC:9& ( ,;<6 ( U9J( ,9L6C=BAJ(69(C6E(86(9A7(;=L69?;>A7J(76(I:(:M:C6B=8A(E(76;<R;8A76(96(I:L9:(:7NJ( 6;(7?6PA7T Y]#?6CG67J(+:>6;J(I=HA(GNA_ Yb6(A=>AJ(6;:;A(Y(C67MA;86(7=;(GAF6C76(+:>6;& \(69(;=L69?;>A(BA;(FAD(B:C>:8:(86(A8=A(96(=;B=<:(:(MCA76>?=C(6;(7?(:F6C7=Q;( :(9:(:96>CN:(E(:(9:(>6;<6(HAF=:9S(86(676(GA8A(MA8CR(:G:C96(G6HAC(:(U9J(K?6(67( 7? ( M:8C6& ( '?6>A ( 96 ( B?6;<: ( BQGA ( ?; ( g697:J ( 86 ( 9: ( 67<=CM6 ( 86 ( -A<:;J ( I:( 86CCA<:8A(:9(8=A7(E(BQGA(<A8:(9:(>6;6C:B=Q;(86(9A7(8=A767(F6(:B6CB:C76(7(?( MCQO=GA(@=;&(':(I6C6;B=:(869(G?;8A(76CR(86(699A7(7=(+:>6;(96(67(@=69&(%9(g697:( CAGM=Q(9:(9:;D:(86(-A<:;(867M?U7(86(F6;B6C(:9(8C:>Q;S(:;<6(676(IUCA6(76( MA7<C:(69(-:9I:99:(E(69(M:N7(86(9A7(;=L69?;>A7&(36CA(676(IUCA6(=>;AC:(69(F:9AC( 869(:;=99A(K?6(MA766S(7A;CN6(E(7Q9A(F=F6(M:C:(69(:GAC&(%7(;6B67:C=A(C6BALC:C( 676(:;=99AJ(M?67(:IAC:(9A(MA766(?;:(G?H6CJ(cC?;=98:J(E(I:E(K?6(6F=<:C(K?6(699:( 96(:BA;76H6(K?6(9A(86F?69F:(:(9:7(A;8=;:7(869(*I=;&(%7(MC6B=7A(K?6(:;<67(9A( C6BALC6 ( +:>6;& ( \ ( 69 ( 6;:;A ( I:B6 ( H?C:C ( 6; ( 7?7 ( 7?6PA7 ( : ( +:B6;J( 867:M:C6B=6;8A(9?6>A(E(I?;8=U;8A76(6;(9:7(7AGLC:7& ,G:;6B6&(':7(LC?G:7(76(:96H:;(E(LC=99:;(9:7(:>?:7(869(CNA(:(9:(9?D(869(:9L:&( ,LC=U;8A76(M:7A(6;<C6(9A7(G:<ACC:967(86(9:(C=L6C:(:M:C6B6(/=>@C=8AJ(K?6(996>:( MC67?CA7A(6;(L?7B:(86(0?<C?;:&(/:96(:9(6;B?6;<CA(+:>6;(E(69(HAF6;(IUCA6(96( B?6;<:(69(6M=7A8=A(86(9A7(867MA7AC=A7(@:97A7(BA;(cC?;=98:(L:HA(9:(:M:C=6;B=:( 86 ( 0?;<I6CJ ( 69 ( C:M<A ( 86 ( 9: ( G=7G: ( : ( <C:FU7 ( 86 ( 9:7 ( 99:G:7 ( E ( 7? ( 6;<C6>: ( :9( 0?=L=H?;8A&(,;?;B=:(K?6(;:F6>:;(MAC(69(*I=;(6;(8=C6BB=Q;(:(9:(F=6H:(GAC:8:( 86(0?;<I6C(E(C6BAG=6;8:(K?6(76(C6B=L:(BA;(>C:;(:96>CN:(:(9A7(867MA7:8A7&( '?6>A(76(8=C=>6(>ADA7A(6;(L?7B:(86(0?<C?;:&(+:>6;J(86(M=6(6;(9:(:9<?C:(86( 9:7(CAB:7(K?6(LAC86:;(69(B:7<=99AJ(I:B6(7A;:C(?;(B?6C;A(86(:7<:(86(<ACA(E(BA;Y FAB:(:(9A7(F:7:99A7(86(0?=L=H&(#6786(9:7(B?GLC67(E(9A7(99:;A7(6GM=6D:;(:( 996>:C(>?6CC6CA7(:CG:8A7(K?6(:F6C=>?:;(69(MACK?U(86(9:(99:G:8:(86(+:>6;& Y%7<:8 ( 7ALC6 ( :F=7AS ( 86LU=7 ( C6B=L=C ( : ( 0?;<I6C ( K?6 ( 76 ( I: ( 867MA7:8A ( E( BA;8?B6(:(7?(GAC:8:(:(?;:(I6CGA7:(G?H6C&(#6LU=7(I:B6C(=;GA9:B=A;67(:(9A7( 8=A767&(2?67<CA7(G6HAC67(L?6E67( :( -A<:; (M:C: ( K?6 (F6: (BACC6C( 9: ( 7:;>C6S( AF6H:7(:(9:(8=A7:(1C=B`:(M:C:(K?6(I:>:(@69=D(9:(?;=Q;J(E(?;(H:L:9N(:9(8=A7(86(9:( :96>CN:& Y]^?U(I:C6GA7(867M?U7(86(=;GA9:C_ YbAG:8 ( 9A7 ( F:7A7 ( K?6 ( A7 ( A@C6B6CR; ( I6CGA7:7 ( G?H6C67J ( 996;A7 ( BN6( I=8CAG=69J(E(L6L68(I:7<:(6GLC=:>:CA7S(<A8A(6;(IA;AC(86(9A7(8=A767(E(86(9A7( 867MA7:8A7& /6 ( AE6; ( 6OB9:G:B=A;67 ( 86 ( :96>CN:J ( @?6C<67 ( C=7:7 ( E ( >C=<A7 ( 86 ( 7:9?<:B=Q;&( #=F=7:76(:(9A(96HA7(9:(L:CB:(K?6(BA;8?B6(:(cC?;=98:(E(:(0?;<I6CS(B?:;8A(67<R( @C6;<6(:(9:(B:7:(:9>?;A7(F:7:99A7(76(9:;D:;(:9(:>?:(E(9:(:G:CC:;&('A7(A<CA7( BC?D:;(9:7(:CG:7J(6;(<:;<A(9:7(G?H6C67(76(:7AG:;(:(9:(6;<C:8:(86(9:(B:7:(86( 9A7(0?=L=H?;8A7&(#6(699:(7:96;(/=>@C=8A(E(0?<C?;:(:(7:9?8:C(:(0?;<I6C(E(7?( 67MA7:J ( E ( cC?;=98: ( :9 ( F6C9A7 ( 76 ( 7=6;<6 ( 867@:996B6CJ ( MCAFAB:;8A ( BA; ( 699A ( 69( :7AGLCA(86(9A7(MC676;<67& 1C6;<6(:(/=>@C=8AJ(6;(F:;A(=;<6;<:(cC?;=98:(867M6C<:C(6;(U9(9A7(8ACG=8A7( C6B?6C8A7 ( E ( 7Q9A ( AE6 ( M:9:LC:7 ( 86 ( :96H:G=6;<A ( E ( 86 ( A9F=8A& ( 36CA ( B?:;8A( C6BA;AB6(6;(7?(G:;A(69(:;=99A(86(9A7(;=L69?;>A7(K?6(96(@?6C:(:CC:;B:8A(6;(9:( 6:
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
6;
G:9I:8:8: ( ;ABI6 (M:7:8:J( MAC( 69 ( MC67?;<A ( 0?;<I6CJ ( 7? ( =;8=>;:B=Q; ( 67( <:;( >C:;86(BAGA(7?(86767M6C:B=Q;&($A;(M:9:LC:7(<6GL9ACA7:7(6O=>6(86(0?;<I6C( ?;:(6OM9=B:B=Q;&(/=(U9(76(867MA7Q(BA;(699:(E(96(:CC:;BQ(69(:;=99AJ(SBQGA(67(K?6( :IAC:(67<R(6;(MA86C(86(/=>@C=8A_ 'A7 (F:7:99A7(AE6;(9:7(MCA<67<:7(6GAB=A;:8:7(86(cC?;=98: (E(76(:>C?M:;( :G6;:D:;<67&(+:>6;(BC66(996>:8A(69(G6HAC(GAG6;<A(E(:MCAF6BI:;8A(9:(:;Y >?7<=A7:(:B<=<?8(86(cC?;=98:J(69(A9F=8A(86(/=>@C=8A(E(9:(BA;@?7=Q;(6F=86;<6(86( 0?;<I6CJ(:B?7:(:9(HAF6;(g697:(696(<C:=8AC(E(M6CH?CA&(36CA(9A7(F:7:99A7(MC6Y >?;<:;(:(K?=6;(76(I=DA(<C:=B=Q;(E(BQGA& 3C67:(86(?;(<C6G6;8A(8A9AC(E(:>=<:8:(MAC(9A7(7A99ADA7J(cC?;=98:(B9:G:(:( 9A7 ( 8=A767 ( MAC ( 9: ( =>;AG=;=: ( K?6 ( 7?@C6S ( 699:J ( K?6 ( ;A ( 76 ( BA;GAF=Q ( :;<6 ( 9:( M6<=B=Q; (696(-:9<C:?<:(K?6 (96 (<C:;7G=<=Q(B9(AB?9<A (8676A(86(-A<:;(BN6 (K?6( 7:9F:C:(:9(-:9I:99:(86FA9F=6;8A(69(:;=99A(:9(*I=;J(E(K?6(76(;6>Q(:(C67B:<:C(:9( =;?;8A(86(9A7(8=A767(86(7?(8=7A9?B=Q;S(699:J(K?6(BA;86;Q(:(-A<:;(:(GAC=C(E( K?6 ( M6C8=Q (<A8: ( 7? (B=6;B=: ( :9 ( 867MA7:C76 (BA; ( ?; ( GAC<:9J( :IAC: ( F?69F6 (7?( CA7<CA(86767M6C:8A(:(9A7(8=F=;A7(76C67(869(-:9I:99:&(%;(F:;A(0?;<I6C(=;<6;<:( B:9G:C9:S(cC?;=98:(9A(C6BI:D:(E(9A(:B?7:J(:(7?(F6DJ(86(<C:=8ACJ(86(<C:=8AC(86(7N( G=7GAJ(E(:;<6(69(67<?MAC(86(9A7(AE6;<67(BA;@=67:(K?6(67<R(867MA7:8:(BA;( /=>@C=8A(E(;A(BA;(0?;<I6C&('A7(F:7:99A7(E(9:7(G?H6C67(76(G=C:;(:7AGLC:8A7(E( 76 ( =;8=>;:; ( B?:;8A ( cC?;=98: ( :B?7: ( :IAC: ( : ( /=>@C=8A ( 86 ( I:L6C ( @:9<:8A ( :9( H?C:G6;<A ( 86 ( @=869=8:8 ( : ( 0?;<I6C& ( \ ( :;<6 ( 9: ( 6O=>6;B=: ( 86 ( 9A7 ( >?6CC6CA7J( cC?;=98: ( E ( /=>@C=8A ( H?C:; ( 7ALC6 ( 9: ( M?;<: ( 86 ( 9: ( 9:;D: ( 86 ( +:>6;S ( /=>@C=8A( :@=CG:;8A(K?6(;A(@:9<Q(:9(H?C:G6;<A&(cC?;=98:(:76>?C:;8A(K?6(@?6(M6CH?CA& %;(G68=A(86(9:(BA;@?7=Q;(/=>@C=8A(=;F=<:(:(9A7(>?6CC6CA7(:(;A(86H:C76(996F:C( MAC(G:;=ALC:7(86(G?H6C67&('A7(=;F=<:(:(MCA76>?=C(69(L:;K?6<6(E(:;<67(86(7:9=CJ( 996;A(86(:96>CN:J(BA;(0?<C?;:J(76(:B6CB:(:(0?;<I6C(E(6;(F6D(L:H:(96(BA;@=67:( 69(<6GAC(86(K?6(cC?;=98:(9A(I:E:(MA8=8A(C6BA;AB6C(:(M67:C(869(B:7BA(GR>=BA& cC?;=98:(9A(F6(7:9=C(BA;(MCA@?;8:(M6;:J(E(0?;<I6CJ(K?6(;A(I:(MA8=8A(:B9:C:C( ;:8:(:;<6(7?7(F:7:99A7J(K?68:(996;A(86(F6C>d6;D:(H?;<A(:(699:(E(+:>6;& ':(8A9=8:(67MA7:(9:G6;<:(7?(7?6C<6(E(99AC:(9:(MUC8=8:(86(7?(7:L=8?CN:S(9:7( 99:G:7(86('A>6(9:(MCA<6>N:;(6;(9:(CAB:(:=79:8:(86(<A8:(86B:86;B=:J(M6CA(:9( :CC:;B:C9:(/=>@C=8A(86(:99N(E(:CC:7<C:C9:(:(9:(99:;?C:(9:(I:(867MAH:8A(86(<A8A( MA86C ( 8=F=;A ( E ( BA;F6C<=8A ( 6; ( ?;: ( =;86@6;7: ( GAC<:9& ( %9 ( :GAC ( I: ( M6C8=8A ( :( cC?;=98:S(E(699:(MAC(:GAC(I:(BA;86;:8A(:(7?(F6D(:(9A7(8=A767& ,9(ANC(7?7(9:G6;<:B=A;67(86(:L:;8A;A(E(7A968:8(+:>6;(96(A@C6B6(7?(:MAEA( M:C: (F6;>:C ( 9: (<C:=B=Q; ( 86 ( /=>@C=8AS ( 7Q9A ( BA; (:G:C>: ( 7A;C=7: ( C6B=L6 ( <:9 (=;Y 7=;?:B=Q;( cC?;=98:&(]^?U (GAC<:9( MA8CR(:L:<=C(9:( @?6CD: (E(9: (:CCA>:;B=: (869( HAF6;(IUCA6_(%99:(96(I:(8A<:8A(86(<A8A7(9A7(G68=A7(M:C:(I:B6C9A(=;F?9;6C:L96S( 7?(:GAC(96(I:(BA;B68=8A(9A7(MA86C67(8=F=;A7(K?6(:IAC:(96(I:B6;(@:9<:(:(699:&( 36CA ( +:>6; ( ;A ( B6H:S ( &E ( BA; ( =;7=8=A7:7 ( MC6>?;<:7 ( AL<=6;6 ( 86 ( cC?;=98: ( 9:( BA;@67=Q;(86(?;(76BC6<A(86(/=>@C=8AT(<=6;6(7?(B?6CMA(?;(M?;<A(F?9;6C:L96(6;(9:( 67M:98:& ( 36CA ( 69 ( g697: ( H:GR7 ( I: ( 8:8A ( 9: ( 67M:98: ( 6; ( ;=;>W; ( BAGL:<6S( 6;<A;B67J(;:8=6(MA8CR(I6C=C9A(86(G?6C<6& YZ,99N(96(I6C=CR(G=(9:;D:[(Y8=B6(+:>6;Y&(Z,;=GAJ(0?;<I6C[ 36CA(0?;<I6C(76(7=6;<6(:LC?G:8A(MAC(9:(M6;:(E(B9(AMCAL=A&(]$QGA(9:F:C( 67:(:@C6;<:_(cC?;=98:(9A(:B?7:(86(BAL:C8N:S(]:B:7A(;A(76(67BA;8=Q(<C:7(69( IUCA6 ( M:C: ( BA;K?=7<:C ( ;?6F:7 ( >9AC=:7_ ( %9 ( 0?=L=H?;8A ( C6BI:D: ( 67<: ( W9<=G:( :@C6;<:S(;A(67(;=(<C:=8AC(;=(F6;8=8AJ(;=(6;>:P:8AC(;=(6;>:P:8A&(2:(:(F6;>:C(<:9( A@6;7:(EJ(6;<A;B67J(M=86(69(:MAEA(86(7?(I6CG:;A&(\(86(U7<6(7:96(9:(BA;86;:( 6;
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
6<
86B=7=F:S(7Q9A(M?686(9A>C:C76(9:(7:9F:B=Q;(BA;(9:(G?6C<6(86(/=>@C=8AJ(K?6(86L6( M:>:C(BA;(7?(7:;>C6(69(M6CH?C=A(E(9:(<C:=B=Q;&(36CAJ(:;<67(Y7?>=6C6(9:(M6C@=8=:( 86(+:>6;YJ((I:E(K?6(:CC:;B:C96(69(:;=99A& 5;(W9<=GA(67BCWM?9A(76(:9D:(M:C:(0?;<I6CT(]MA8CR(8:C76(G?6C<6(:9(67MA7A( 86(0?<C?;:_(]$QGA(MC676;<:C76(9?6>A(:;<6(699:_(\(C6B=U;(cC?;=98:(76(8:( B?6;<:(8Q;86(C67=86(69(GR>=BA(MA86C(K?6(I:(6GL6967:8A(E(<C:7<AC;:8A(:(7?( 67MA7AS(MAC(699AJ(M=86(K?6(<:GL=U;(69(8A9AC(I=6C:(69(BAC:DQ;(86(0?<C?;:(BA;( :;>?7<=:(6<6C;:&("A(I:EJ(M?67J(AL7<RB?9A7(K?6(76(AMA;>:;(:(9:(86B=7=Q;(86( G:<:C ( : ( /=>@C=8A& ( Z^?6 ( G?6C:[J ( M=86; ( 69 ( 8A9AC ( 86 ( c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b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b:GMABA(/=>@C=8A(BC66(6;(7?7(:G6;:D:7(E(9:;D:(7?(867:@NA(:9(867<=;A&(,9( F6C96 ( 6;:H6;:8A ( I?E6; ( IACCAC=D:8:7 ( 9:7 ( A;8=;:7J ( B:;<:;8A ( 7? ( W9<=G:( 9:G6;<:B=Q; ( :;<6 ( 69 ( ALB6B:8A ( HAF6; ( K?6 ( I:L=6;8A ( MA8=8A ( 7:9F:C76 ( 86 ( 9:( 867F6;<?C:(76(K?68:(BA;(69(:;=99A& )E6(/=>@C=8A(9:(99:G:8:(86(9A7(B:D:8AC67(E(6;(C67M?67<:(I:B6(7A;:C(7?( B?6C;A&(c:H:;(9:7(L:CC:;B:7(869(*I=;J(+:>6;(E(9A7(B:D:8AC67S(L6L6;(E(76( 6BI:;(:(867B:;7:C&(b6;8=8A(6;<C6(0?;<I6C(E(+:>6;J(/=>@C=8A(L6L6(E(B?6;<:( 7?7 ( I6BIA7& ( b6;<:8A ( 67<?FA ( 86 ( G:<:C ( 8A7 ( B?6CFA7 ( K?6 ( 96 ( :;?;B=:CA; ( 7?( G?6C<6S ( 9?6>A ( ;:CC: ( 7?7 ( MCA6D:7 ( H?F6;=967J ( 7? ( F=8: ( :9 ( 9:8A ( 86 ( a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bAGA(F6;>:;D:(86(?;(M6CH?CA[(Y8=B6J(E(:L:;8A;:(B9(9?>:C& 0?;<I6CJ(BA;GAF=8A(@C6;<6(:(9A7(F:7:99A7(BA;<C=7<:8A7J(7A7<=6;6(:(/=>@C=8A&( 5;(7=96;B=A(6;ACG6(76(I:(6O<6;8=8A(7ALC6(9A7(IAGLC67(E(9:(<=6CC:&(%9(IUCA6( :>A;=D:J(E(6;(7?(GAC=C(F:(C6BALC:;8A(7?(C6B?6C8A(E(M:9:LC:7(696(:GAC(M:C:( cC?;=98:(F:;(LCA<:;8A(86(7?(>:C>:;<:& YZcC?;=98:J(67MA7:(7:>C:8:[(Z#67M=6C<:J(:LC6(<?7(AHA7[(Z)IJ(67A7(AHA7(<?EA7S( K?=U;(G6(8=6C:(F6C9A7(7=6GMC6(:L=6C<A7[(Z)IJ(G?6C<6(8?9B6[&&&(ZcC?;=98:(G6( 6<
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
7>
7:9?8:(:G:;<N7=G:[ 'A7 ( >?6CC6CA7 ( I:; ( BA9AB:8A ( 69 ( B?6CMA ( GAC=L?;8A ( 7ALC6 ( 69 ( 67B?8A ( E( G:CBI:; ( : ( <C:FU7 (86 ( 9: ( 769F: (6; ( @W;6LC6 ( BAC<6HAS ( 9: (;ABI6 ( 76 ( I: ( FA9B:8A( 7ALC6(9:(;:<?C:96D:S(9:(9?;:(76(:7AG:(MAC(6;<C6(9:(@CA;8:(86(9A7(RCLA967(E(7?( @CN:(E(F6C8A7:(9?GLC6(:B9:C:(69(76;86CA&(':(LC?G:(I:(867B6;8=8A(7ALC6(69( *I=;(E(69(7=96;B=A(M67:8A(86(9A7(8?69A7(F69:(:9(IUCA6& %; ( 9: ( GAC:8: ( 86 ( 9A7 ( 0?=L=H?;8A7 ( 9:7 ( G?H6C67 ( 67M6C:;& ( %9 ( CNA ( LC=99: ( :( 9:GM:DA7(B?:;8A(9:(9?D(86(9:(9?;:(CAGM6(9:(;=6L9:&(0?<C?;:(I:(7:9=8A(:9(76;<=C( 69(C69=;BIA(869(B:L:99A(86(cC?;=98:(K?6(76(8=C=>6(:9(CNAS(6;(9:(A7B?C=8:8(7=6;<6( BC6B6C(7?(G=68A&('?6>A(9:(FAD(86(+:>6;(96(996>:(86786(B6CB:T YZ#67M6C<:8[(ZbC:68(9?B67(E(:9?GLC:8[(Zb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cC?;=98:&(,;<6(699:(0?<C?;:(9:(:B?7:(86(76C(9:(B:?7:(86( 9:7 ( 867F6;<?C:7S ( M6CA ( cC?;=98: ( MCAB9:G: ( 7? ( 86C6BIA ( 86 ( 67MA7: ( W;=B: ( E( MC=G6C:&(\(BA;(:86GR;(G:H67<?A7A(76(8=C=>6(:(9:7(86GR7(G?H6C67T YZ,9D:8 ( ?;: ( M=C: ( : ( AC=99:7 ( 869 ( *I=; ( E ( K?6 ( 7?7 ( :9<:7 ( 99:G:7 ( 76 ( 696F6;( LC=99:;<67(MACK?6(I:;(86(BA;7?G=C(:9(GR7(7:>C:8A(86(9A7(IUCA67[(ZbC:68(7?( BACB69[ 'A7 ( HQF6;67 ( E ( 9:7 ( G?H6C67 ( 96F:;<:; ( 9: ( M=C: ( E ( 9: ( :8AC;:; ( BA; ( @9AC67 ( E( <:M=B67S(9?6>A(9A7(>?6CC6CA7(996F:;(69(B?6CMA(86(/=>@C=8AJ(E(cC?;=98:(96(7:B:(69( :;=99A&(%99:(9A(86FA9F6CR(:(9:7(A;8=;:7(869(*I=;&(#6(9:7(B6;=D:7(9A(C6BA>6CR;J( M?67(cC?;=98:(K?=6C6(:C86C(6;(9A7(96PA7(K?6(BA;7?G6;(69(B?6CMA(869(IUCA6&( $A;GAF=8:(E(@?6C<6(<AG:(?;:(:;<ACBI:(E(MA;6(@?6>A(:(9:(M=C:&(!;FAB:(:(9A7( B?6CFA7 ( 7:>C:8A7 ( 86 ( -A<:; ( E ( 9A7 ( BA;G=;: ( : ( K?6 ( ;:CC6; ( : ( 7? ( 76PAC ( 9A7( 8A9AC67(M:86B=8A7(EJ(:9(M:7:C(MAC(9:(CAB:(K?6(:W;(F69:('A>6J(96(AC86;6;(K?6( C6>C676 ( :9 ( -:9I:99:& ( 'A7 ( B?6CFA7 ( C6GA;<:; ( F?69A ( E ( 6;<A;B67 ( cC?;=98: ( 76( 8=C=>6(:(9A7(GAC<:967(K?6(I:;(MC676;B=:8A(7?(M:86B6C& YZ*:D:(MA86CA7:(86(9A7(IAGLC67[(Z2=8:(6;(@9ACJ K?6(F6CU=7(:(/=>@C=8A(E(:(cC?;=98:(BA;7?G=8A7(MAC(9:7(99:G:7(E(86F?69<A(69( :;=99A(:9(*I=;[(Za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
!"#$%&'()
!"#$%&'()################################!"#)*'""+#,-"#.'(-"/*0+# 1'23)%,4)0*-%
7=
':7(M:9:LC:7(86(cC?;=98:(>A9M6:;(9A7(BAC:DA;67(86(9A7(>?6CC6CA7S(<C:6;(69( B:L:99A(0C:;6(E(9:(g:9`EC=:(GA;<:(E(76(:CCAH:(:9(@?6>A&(':7(99:G:7(76(:9D:;( :9<:7(E(<6GL9ACA7:7S(BI=7MACCA<6:(9:(M=C:(E(?;(I?GA(CAH=DA(E(67M67A(76(B=6C;6( 7ALC6(699:&('?6>A(86BC6B6(B9(@?6>A(E(9:(;6L9=;:(:C8ACA7:(K?68:(@9A<:;8A&(%9( *I=;(76(867LAC8:(E(9:7(:>?:7(F:;(B?LC=6;8A(9A7(C67<A7(I?G6:;<67& 0?6CC6CA7(E(G?H6C67(76(C6@?>=:;(:<6CCAC=D:8A7(6;(9A(:9<A(86(9:(B:7:(86(9A7( 0?=L=H?;8A7(G=6;<C:7(9:7(A;8=;:7(:F:;D:;(BA;(9:7(A9:7&(+:>6;J(6;8?C6B=8A(E( M6CF6C7AJ(7Q9A(76(BA;G?6F6(:;<6(9:(MA7=L96(MUC8=8:(869(:;=99A&(/6(:CCAH:(:9( :>?: ( M:C: ( 8=7M?<:C9A ( : ( 9:7 ( A;8=;:7 ( E ( 9:7 ( I=H:7 ( 869 ( *I=; ( 9A ( I?;86; ( E ( 9A( :CC:7<C:;(:(9:7(MCA@?;8=8:867&(2A9F6CR(69(ACA(:(=CC:8=:C(7?(67M96;8AC(6;(69( @A;8A(<ACC6;B=:9(869(CNA& +:B=:(69(;AC<6J(6;(69(7AGLCNA(IAC=DA;<6J(?;(C67M9:;8AC(C?<=9:;<6J(BAC;A(?;:( @:;<R7<=B: ( :?CAC: ( LAC6:9J ( =;B6;8=: ( 69 ( B=69A& ( ,C86 ( 6; ( @?6>A ( 86FAC:8AC ( 69( -:9I:99:(E(9A7(8=A767(867:M:C6B6;(6;(7?(76;AS(76(LACC:(86(9A7(GAC<:967(69( C6B?6C8A(86(9A7(=;GAC<:967&('=LC67(K?68:;(9A7(IAGLC67(E(C68=G=8A7(MAC(69( 7:BC=@=B=A(86(-A<:;& cC=99:;8A(6;(69(@A;8A(7AGLCNA(86(9:(=;B6C<=8?GY(LC6(I?G:;:(K?68:;(9:7( M:9:LC:7 ( 67M6C:;D:8:7 ( cC?;=98:& ( %9 ( =;?;8A ( 86 ( 9A7 ( IAGLC67 ( K?68: ( 7=; ( B( G=;:8AC67S(M6CA (69(IAGLC6 (86L6(L?7B:C(MAC(7N(9A (9: (76;8: (86 (7? (867<=;AJ( :9?GLC:8A(MAC(?;:(9?D(8=F=;:J(;A(9:(869(MA86CNA(E(9:(C=K?6D:J(7=;A(9:(869(:GAC&( /U9A(69(:GAC(<C:6CR(9:(8=BI:(E(9:(6<6C;=8:8(:(9:(C:D:(9=L6C:8:(:(<C:FU7(869( IA9AB:?7<A(86(fA7(IUCA67(E(86(9A7(8=A767(=;GAC<:967&
1=;
7=
!"#$%&'()