! ! ! ! ! !
"#!$%&'()*!&%&+#,!,!#-+.&'$%&'()*! ! ! ! !
!" "
"40'3,! ! D)*&80>/+8)'"
E"
"
H" J" L" !!!
?$&*'"D"9D."F>$0&8")8&6$*+G8"(>."*>&+(68"&>&$.':" !A"I)$"%$)8&$6+,$"0'..$")8&6$*+G$"$".+G'..8"'>&8%'8" CA"K86'",$67+$".8"(,')$&+8")8&6$*+G8")$/+8)$.'" BA"I)$"%$)8&$6+,$"0'..$")8&6$*+G$"$".+G'..8"&'2+8)$.'" "
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
!B" !B" C!" CO" BC" BH!
"
HO" JW" J!" JE!
?$&*'"DDD"9U>8)'"%&$*+,V'"'"*&$(<'&+6')*8"0'..'"+))8G$/+8)+:" !A"#'"7>8)'"%&$*+,V'"%>2.+'(+" CA"#'"7>8)'"%&$*+,V'"+*$.+$)'" BA"#'"7>8)'"%&$*+,V'"'>&8%''" "
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
JJ" JL" JL" JO" LC" LE" LE" LH" LL" OW" OB" OB" !WO! !!W!
U+7.+82&$<+$"
(
B" "
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`(-.*.'()"++5*#."("(#%-/+.*.%( -.*.%-.%3%YN( 0#*&%"( *++"( *..%$%.L( )%( *MM#'2',)%1",.'N( %,."#$%-."( "( 2'3/-( 0#'/MN( 60#%M+*,( -#+( M#'$$")"#L( *)( """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""" 1
#'$0'&;"$,&8)+68"0+"#+$(+8)"[)*&'"1,*+8)("0'"R'G'.8%6')*"0'".5[,8)86+'"4>&$."P,8..'2$6')*8"*&$".'"$/+8)+"0+"(G+.>%%8"0'..5',8)86+$" &>&$.'Q"%&86>8G'".8"(G+.>%%8"')082')8"'"(8(*')+7+.'"0'..'"$&''"&>&$.+"
E" "
*,*+%&&*#"("(#%M'#.*#"(/,*(-"#%"()%(#%"+*P'#*&%',%(-.*.%-.%34"(-/(*-M"..%N(V/*+%`(#"))%.%$%.L(=%1M%"0'=%1M*..'( '33/M*&%',*+"=( 3',,"--%',"( *..%$%.L( ( M#%1*#%*N( )*.%( -.#/../#*+%( )"++"( *&%",)"N( )%-.#%P/&%',"( ,"%( $*#%( 3'1/,%N(,"++"(."1*.%34"('00"..'()"++'(-./)%'C( A*(."#&*(M*#."($/'+"N(%,$"3"N(*MM#'2',)%#"(%,."#"--*,.%(3*-%()%(P/',"(M#*.%34"(-/++5*../*&%',"()"++*(1%-/#*( ?>?N(*&C(>N(\("(G(*(+%$"++'(M/0+%"-"N(,*&%',*+"(")("/#'M"'C(7,'+.#"(+*(M*#."(7a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b( 3'1"( %,)%3*&%',%( M#*.%34"( -/+( #*33'#)'( )"++"( %1M#"-"( 3',( -'00"..%(M/PP+%3%("(M#%$*.%()"+(."##%.'#%'C( ( " ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! \" "
9+&$,!"!="#!1%+0&*!4*&)+$'7*!(%#!$%&'()*!&%&+#,?! 7,(V/"-.*(-"&%',"()"++'(-./)%'(Xc/#%-1'(#/#*+"("(*0#%./#%-1'Y(-%(%,.",)"(M#"-",.*#"(/,(P#"$"(V/*)#'()"++*( ,'#1*.%$*( *22"#",."( *++"( 1%-/#"( )5%,."#$",.'( M#"$%-."( )*+( 8%*,'( )%( !$%+/MM'( A'3*+"( Z/#0%*( 8%O`( XU%$"#-%2%3*&%',"( $"#-'( *..%$%.L( ,',( *0#%3'+"( @( 60#%./#%-1'Y( D1%-C( ?>>C>K( "( X7,3",.%$*&%',"( *++"( *..%$%.L( ./#%-.%34"Y(D1%-C(?>?C(GKC( 7+(.",.*.%$'(R(V/"++'()%(1".."#"(*(-%-."1*(+*(,'#1*.%$*(#%0/*#)*,."(0+%(*0#%./#%-1%N(%(ded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
DJ!K4+!2+4*&+)'3+!0,##+!4*&)+$'7+!+!#'7,##*!,%&*2,*! #Z$2&+*>&+(68"-" ,8)(+0'&$*8" >)" ('**8&'" +6%8&*$)*'" %'&" .8" (G+.>%%8" ',8)86+,8" 0'..ZI)+8)'" '>&8%'$" '" ,8(*+*>+(,'"$.*&'(`">)"+))'2$7+.'"<$**8&'"(8,+$.'"0+"&+,8)8(,+6')*8"0'..$"0+G'&(+*S"0'..'",>.*>&';"0'+".>82V+" '" 0'+" 680+" 0+" G+*$" '" %>a;" ('" $0'2>$*$6')*'" (8(*')>*8;" &$%%&'(')*$&'" >)" ',,'/+8)$.'" G8.$)8" (+$" 0+" ($.G$2>$&0+$" 0'." *'&&+*8&+8;" (+$" 0+" %&80>/+8)'" '" 0+" +)*'2&$/+8)'" 0+" &'00+*8" %'&" F>$)*+" G+G8)8" +)" F>'+" *')+*8&+A"" #Z$2&+,8.*>&$" +)*')(+G$" '" .Z>(8" +)(')($*8" 0+" %&808**+" ,V+6+,+;" F>$.+" <'&*+.+//$)*+;" 0+('&7$)*+;" $00+*+G+;" $)*+%$&$((+*$&+" '" <+*8<$&6$,+;" (*$))8" %&8G8,$)08" >)" +)(8(*')+7+.'" 0'%$>%'&$6')*8" 0'+" *'&&')+;" )8),Vb" >)"2&$G'"(F>+.+7&+8"0'..Z',8(+(*'6$A" K8)" &+<'&+6')*8" $+" ,+*$*+" <')86')+;" .Z$2&+*>&+(68" 2+S" &$%%&'(')*$" +)" 68.*'" /8)'" 0'." %$'('" >)$" G$.+0$" $.*'&)$*+G$" ',8,86%$*+7+.'" '0" >)$" &+(%8(*$" 0+G'&(+<+,$*$" $..Z+)(8(*')+7+.'" *>&+(68" 0+" 6$(($A" R$..$" %&+6$" 6'*S"0'2.+"$))+"c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
0+" *')0')/$" '" 0+" .+6+*$/+8)'" 0+" %&808**+" ,V+6+,+" G+')'" 0$." ('**8&'" 0'..Z$2&+*>&+(68A"
d')86')8;"
F>'(*8;" ,V'" 2+S" &$%%&'(')*$" >)$" G$.+0$"
$.*'&)$*+G$;"
$),V'"
',8)86+,$;" %'&" F>'..'" &'$.*S" &>&$.+;" (*&>**>&$.6')*'" 0'78.+;" 6$" $**&$')*+" 0$." %>)*8" 0+" G+(*$" )$*>&$.+(*+,8;" %$'($22+(*+,8" '0" $67+')*$.'A" e>'(*8" *>&+(68" $" 7$((8"
+6%$**8"
$67+')*$.';"
6')*&'" +)" D*$.+$" V$" *&8G$*8" +)+/+$.6')*'"
2&8(('"
0+<<+,8.*S;"
*$)*Z-" ,V'" (+" &'2+(*&$)8" 2&8(('" $)86$.+'" *&$" .'" &'2+8)+;" )'." &'(*8" 0'..Z[>&8%$"V$"$G>*8">)8"(G+.>%%8" +6%&'((+8)$)*'A"
D)"[>&8%$")8)"'(+(*';"*>**$G+$;">)$" " )8&6$*+G$" 0+" &+<'&+6')*8" P0+&'**+G$" 8" &'28.$6')*8Q;" ,V'" 0'<+)+(,';" +)" 6808" 8682')'8;" .8" (G8.2+6')*8" 0'..5$**+G+*S" $2&+*>&+(*+,$" )'+" !\" 3*$*+" 6'67&+A" [(+(*8)8" +)G','" %&82&$66+" '" +)+/+$*+G'" ,86>)+*$&+'" 0+" (8(*'2)8"$..'"<8&6'"0+"*>&+(68")'..'"$&''"&>&$.+A""
J" "
#5$%%&8,,+8"(,'.*8"0$..$"K86>)+*S"'>&8%'$;")8)"-"(*$*8;"F>+)0+;"F>'..8"0+"<8&)+&'">)"F>$0&8")8&6$*+G8"0+" &+<'&+6')*8" G$.+08" %'&" *>**+" 2.+" 3*$*+" 6'67&+;" 6$" F>'..8" 0+" G$.8&+//$&'" .'" *&$0+/+8)+" .8,$.+;" .$(,+$)08" .$" %8((+7+.+*S"0+"0+(,+%.+)$&'".5$**+G+*S"*>&+(*+,$"&>&$.'"+)"&'.$/+8)'"$"0+(%8(+/+8)+"$<<'&')*+"+."0+&+**8"+)*'&)8"'" &+*$2.+$)08" $" ('" (*'(($" +." &>8.8" 0+" %8.68)'" <+)$)/+$&+8" 0'." <')86')8A" K+a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f&$".'"0+(%8(+/+8)+".'2+(.$*+G'")$/+8)$.+"%+@"(+2)+<+,$*+G'M"" !A"#$"#'22'"e>$0&8"%'&"+."*>&+(68")g"C!J"0'."!OLBA"" CA"#'"=80+<+,V'"$."*+*8.8"X"0'..$"%$&*'"(',8)0$"0'..$"K8(*+*>/+8)'A" _'." !OLB" (+" $GG'&*`" .5'(+2')/$" 0+" >)$" 680'&)$" .'22'" F>$0&8" %'&" +." *>&+(68A" f$.'" )','((+*S" )$(,'G$" 0$..5877.+28" 0'..5D*$.+$" P+)" F>$)*8" ?$'('" ,86>)+*$&+8Q" 0+" $0'2>$&(+" $..'" 0+&'**+G'" K[[" ,V'" &+,V+'0'G$)8" .5>*+.+//8" 0+" >)$" (+678.82+$" 0+" &+,8)8(,+6')*8" >)+<8&6'" $" .+G'..8" +)*'&)$/+8)$.'A" c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
L" "
?8((8)8"'(('&'"$00'**+"$..5$**+G+*S"$2&+*>&+(*+,$".5+6%&')0+*8&'"$2&+,8.8"'"+"(>8+"<$6+.+$&+"$+"(')(+"0'..5$&*A" CBWY7+("0'.",80+,'",+G+.';")8),Vb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b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b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f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f1f;"f8>&+)2"K.>7"'"1((8,+$/+8)+")$/+8)$.+A"" #5c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
O" "
%',>.+$&+*S"0'..'"4'2+8)+;"0+"&'$.+//$&'">)"?+$)8"0+",8)*&8..+"$".+G'..8")$/+8)$.'"'">)"4'%'&*8&+8")$/+8)$.'" 0'..'"$/+')0'"$2&+*>&+(*+,V'A"" 3+"&+%8&*$">)$"*$7'..$"&+'%+.82$*+G$"0'..$")8&6$*+G$")$/+8)$.'"0+"('**8&'M" # 4"5(//"#)'#,'(3'/%6%## :,..,!0'!&'I,&'),4$*! P'$*#*!,!0,(3&'6'*4,! #'22'"")A"C!J"0'."!OLB"" #'22'"e>$0&8"%'&"+."*>&+(68" " #$" #'22'" F>$0&8T8&+')*$6')*8" R+(,+%.+)$"0'..Z$2&+*>&+(68" \A!CA!OL\;")A"JBW"0'..5L\" RA"#2(A"!B".>2.+8"!OOE;")A"ELW;"$&*A"!C"" 4+<8&6$"0'..$"0+(,+%.+)$"($)/+8)$*8&+$",8)*')>*$")'."*'(*8">)+,8"0'..'" .'22+" 0+" %>77.+,$" (+,>&'//$;" $%%&8G$*8" ,8)" &'2+8" 0',&'*8" !L" 2+>2)8" !OB!;")A"JJB" 1&*A"!C"9!'11%,%-.#*&%',"(*+(M/PP+%3'()%(P"$*,)"("(*+%1",.%:"" #'22'"CB"0+,'67&'"!OOO;")A"ELL;"$&*A" R+(%8(+/+8)+"%'&".$"<8&6$/+8)'"0'."7+.$),+8"$))>$.'"'"%.>&+'))$.'"0'..8" 3*$*8"P".'22'"<+)$)/+$&+$"CWWW"Q]" \O;",866$"BY7+(" 1&*A"\O"9!$%+/MM'()"++Q*0#%3'+./#*(P%'+'0%3*("()%(V/*+%.L" #'22'"CB"0+,'67&'"CWWW;")A"BLL;"$&*A" R+(%8(+/+8)+" %'&" .$" <8&6$/+8)'" 0'." 7+.$),+8" $))>$.'" '"%.>&+'))$.'"0'..8"3*$*8"P.'22'"<+)$)/+$&+$"CWW!Q]" !CB" 1&*A" !CB" 98#'1'&%',"( "( -$%+/MM'( )"++"( *&%",)"( *0#%3'+"( "( &''."3,%34"( P%'+'0%34":" RA" #2(A" !L" 6$22+8" CWW!;" )A" CCL;" $&*" c&+')*$6')*8" '" 680'&)+//$/+8)'" 0'." ('**8&'" $2&+,8.8;" $" )8&6$" !B" 0'..Z$&*+,8.8"J"0'..$".'22'"\"6$&/8"CWW!;")A"\J" 1&*A"!B"9R+(*&'**+"&>&$.+"'"$2&8$.+6')*$&+"0+"F>$.+*S:" " #'22'" ,8(*+*>/+8)$.'" 0'." !L" 8**87&'" CWW!;")A"B" #'22'"CO"6$&/8"CWW!;")A"!B\" f>&+(68" Y" 1,,8&08" e>$0&8" &','%+*8" ,8)"+."R?K="!B"('**'67&'"CWWC"
#'22'" CW" <'77&$+8" CWWH;" )A" OH;" ,V'" $7&82$"'"(8(*+*>+(,'".$"#A")A"JBWTL\"
#$" .'22'" ,8(*+*>/+8)'" V$" &+<8&6$*8" +." f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f&')*8"'"U8./$)8".$",8),&'*$"0'<+)+/+8)'"0+">)$" %$&*'" ,8)(+(*')*'" 0'..$" 0+(,+%.+)$;" -" (*$*8" %&'0+(%8(*8" )'." 6'('" 0+" 8**87&'" CWW!" '0" $%%&8G$*8"+)" ('0'" 0+" K8)<'&')/$"3*$*8Y4'2+8)+" "+."!E" <'77&$+8"CWWC;"$+"(')(+"0'..Z$&*AE"0'."RA#2(A"CL!T!OOJ" R+(,+%.+)$"0'..Z$2&+*>&+(68" D." f'(*8" " -" (*$*8" (>,,'((+G$6')*'" 680+<+,$*8" +)" 7$('" $..$" (')*')/$" 0'..$" K8&*'" K8(*+*>/+8)$.'" )A" BBO" 0'." !CT!WTCWWJ" ,V'" 0+,V+$&$G$" +..'2+**+6'"0+G'&('"%$&*+"0'..$"#A")A"OHTCWWH"
! ! ! ! ! !W" "
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b" .5'0>,$/+8)'" $.+6')*$&'^"" 2A"<$G8&+&'"+"&$%%8&*+"*&$".$",+**S"'".$",$6%$2)$A"! #$".'22'"&'2+8)$.'"0'.""!B"0+,'67&'"CW!B;")A"EC;",8)".$"<+)$.+*S"0+"(8(*')'&'".5$2&+,8.*>&$"$),V'"6'0+$)*'" .$" %&868/+8)'" 0+" +08)''" <8&6'" 0+" *>&+(68" +)" ,$6%$2)$;" 0'<+)+(,'" .5$**+G+*S" $2&+*>&+(*+,$" +)*'($" ,86'" .'" $**+G+*S"0+"&+,'/+8)'"'"8(%+*$.+*S"'('&,+*$*';"%'&"$.6')8"('(($)*$"2+8&)+".5$))8;"0$2.+"+6%&')0+*8&+"$2&+,8.+" $**&$G'&(8" .5>*+.+//$/+8)'" 0'..'" %&8%&+'" (*&>**>&'" $/+')0$.+" +)" ,8))'((+8)'" ,8)" .'" $**+G+*S" 0+" ,8.*+G$/+8)'" 0'."<8)08;"0+"(+.G+,8.*>&$"'"0+"$..'G$6')*8"0'2.+"$)+6$.+A" #$" .'22'" 0'*'&6+)$" +" ,&+*'&+" '" +" .+6+*+" 0'..5$**+G+*S" $2&+*>&+(*+,$;" .'" )8&6'" +2+')+,8h($)+*$&+';" .5'.'),8" &'2+8)$.'"0'2.+"8%'&$*8&+"$2&+*>&+(*+,+"'".'"680$.+*S"%'&".5+(,&+/+8)';".5$7+.+*$/+8)'"$..5'('&,+/+8"0'..5$**+G+*S" $2&+*>&+(*+,$"'".'"680$.+*S"0+"G+2+.$)/$;",8)*&8..8"'".'"($)/+8)+A" K8)" &+<'&+6')*8" $0" $.*&'" *+%8.82+'" &+,'**+G';" )'." CW!B" G+')'" %>77.+,$*$" )'." U8..'**+)8" I<<+,+$.'" 0'..$" 4'2+8)'"?>2.+$")A"!!!"0'."O"$28(*8"CW!B".$"#A4A")A"CJ"0'."J"$28(*8"CW!B"]R+(,+%.+)$"0'..Z$**+G+*S"&+,'**+G$"0+" U'0"i"U&'$j<$(*]"<+)$.+//$*$"$"&'28.$6')*$&'"+)"6$)+'&$"'($>(*+G$".$"0+(,+%.+)$"0'..'"$**+G+*S"&+,'**+G'"0+" Ui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iU;"$<<+**$,$6'&';"'*,AA"" 3+"*&$**$"0'..51(('"DDD"0'."?34;"0'0+,$*8"$."91%0+%'#*1",.'()"++*(V/*+%.L()"++*($%.*(,"++"(&',"(#/#*+%:"'"$..$" X)%$"#-%2%3*&%',"( )"++Q"3','1%*( #/#*+"Y;" +6%.'6')*$*8" '((')/+$.6')*'" $**&$G'&(8" .Z$%%&8,,+8" #[1R[4" !!" "
P1(('"DXQ"+."F>$.'"<$G8&+(,'".$"0'<+)+/+8)'"0+"(*&$*'2+'"0+"(G+.>%%8"%&868(('"0$"%$&*')$&+$*+".8,$.+"%>77.+,8Y %&+G$*+;",V+$6$*+"N1#A"" 3+"&+%8&*$">)$"*$7'..$"&+'%+.82$*+G$"0'..$")8&6$*+G$"&'2+8)$.'"0+"('**8&'M( 4"5(//"#)'#,'(3'/%6%#" :,..,!0'!&'I,&'),4$*! #'22'"4'2+8)$.'"!B"0+,'67&'"CW!B;" )A"EC" #'22'"4'2+8)$.'")A"CJ"0'."J"$28(*8" CW!B"" ?34"?>2.+$"CWWJYCW!B;"1(('"DDD"0'." ?34;"0'0+,$*8"$."Q1%0+%'#*1",.'( )"++*(V/*+%.L()"++*($%.*(,"++"(&',"( #/#*+%Q("(*++*(Q)%$"#-%2%3*&%',"( )"++Q"3','1%*(#/#*+"C(" #'22'"4'2+8)$.'"BW"('**'67&'" CW!E;")A"BO" "
Q,(3&'6'*4,! 9R+(,+%.+)$"0'..5$2&+*>&+(68:" " ]R+(,+%.+)$"0'..Z$**+G+*S"&+,'**+G$"0+"U'0"i"U&'$j<$(*]" N'(*+8)'" $" ,>&$" 0+" ,+$(,>)" N&>%%8" 0+" 1/+8)'" #8,$.'" )'..5$67+*8" 0'." %&8%&+8"?+$)8"0+"3G+.>%%8"#8,$.'" =+(>&$" B!!" Y" R+G'&(+<+,$/+8)'" +)" $**+G+*S" )8)" $2&+,8.';" 1/+8)'" !" 912&+*>&+(68:" =+(>&$" B!B" Y" D),')*+G$/+8)'" 0'..'" $**+G+*S" *>&+(*+,V';" 1/+8)'" \" 9K&'$/+8)'"0+"(*&>**>&'"&+,'**+G'"'k*&$"Y"$.7'&2V+'&':" 9=80+<+,V'" '" +)*'2&$/+8)+" $..$" .'22'" &'2+8)$.'" CC" $28(*8" !OLO;" )A" !C" PD),')*+G$/+8)'" &'2+8)$.'" 0'..$" &+,'**+G+*S" *>&+(*+,$" '" 0'..'" (*&>**>&'" *>&+(*+,V'",86%.'6')*$&+Q:"
! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !C" "
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c&$;"$)$.+//+$68;"2&$/+'"$..5$>(+.+8"0+"*$7'..'"'"0$*+"$22+8&)$*+"$."CW!B"P4$%%8&*8"D3f1f"(>..5$2&+*>&+(68Q"'" *&$6+*'" .5$)$.+(+" 0'..51))>$&+8" 3*$*+(*+,8" D*$.+$)8" CW!E" PD3f1fQ;" $.,>)'" *')0')/'" $" .+G'..8" )$/+8)$.';" &'.$*+G'"%&8%&+$6')*'"$..'"%&+),+%$.+"<8&6'"0+"&+,'**+G+*S"8<<'&*'"+)"$67+*8"*>&+(*+,8;",8)">)$"%$&*+,8.$&'" $**')/+8)'" $..$" ,$*'28&+$" &'.$*+G$" $..5$2&+*>&+(68A" D)" F>'(*$" ,$*'28&+$" &+')*&$)8" +" (8.+" .8,$.+;" (+*>$*+" +)" <$77&+,$*+"&>&$.+;")'+"F>$.+"G+')'"0$*8"$..822+8"$"*>&+(*+"0$"+6%&')0+*8&+"$2&+,8.+"(+)28.+"8"$((8,+$*+"$+"(')(+" 0'..$".'22'")A"OH"0'."CW"<'77&$+8"CWWHA" #$"&+.'G$/+8)'"&+2>$&0$"*>**'".'"$/+')0'"$2&+,8.'"$>*8&+//$*'"$..5'('&,+/+8"0+">)$"8"%+@"*+%8.82+'"0+"$**+G+*S" $2&+*>&+(*+,$"P$..822+8;"&+(*8&$/+8)';"0'2>(*$/+8)'"'"$.*&'"$**+G+*SQA" D"0$*+"(8)8"$,F>+(+*+"0+&'**$6')*'"0$2.+"$&,V+G+"$66+)+(*&$*+G+"0+"4'2+8)+"'"?&8G+),'"$>*8)86'"'"0+"$.*&'" $66+)+(*&$/+8)+"%>77.+,V'A"" #51))>$&+8" 3*$*+(*+,8" D*$.+$)8" CW!E" 0+68(*&$" ,V'" .$" %&+),+%$.'" &+(8&($" &+,'**+G$" $" .+G'..8" )$/+8)$.'" (+$" .'2$*$" $2.+" '('&,+/+" 'k*&$Y$.7'&2V+'&+;" +)<$**+" *$.+" $**+G+*S" &+(>.*$)8" )>6'&+,$6')*'" 6$22+8&+" &+(%'**8" $..'" ,.$((+,V'" (*&>**>&'" $.7'&2V+'&'A" ?'&" .5$))8" CW!C" .5D(*$*" V$" &+.'G$*8" !CBA\WW" '('&,+/+" 'k*&$Y$.7'&2V+'&+" '" BBAJCL" $.7'&2V+^" &+(%'**8" $..5$))8" %&','0')*'" (+" &'2+(*&$" >)" (+2)+<+,$*+G8" $>6')*8" %'&" +" %&+6+" PlB;!" %'&" ,')*8Q"'">)$".'22'&$"&+0>/+8)'"%'&"+"(',8)0+"PYW;H"%'&",')*8QA"4'.$*+G$6')*'"$+"%8(*+".'**8"(+"&'2+(*&$">)$" !B" "
(8(*$)/+$.'" (*$7+.+*S" )'2.+" $.7'&2V+" PYW;!" %'&" ,')*8Q" '" >)" .+'G'" $>6')*8;" %$&+" $..8" W;O" %'&" ,')*8;" )'2.+" '('&,+/+" 'k*&$Y$.7'&2V+'&+M" )'..5$67+*8" 0+" F>'(*+" >.*+6+;" ,&'(,8)8" %&'G$.')*'6')*'" +." )>6'&8" 0'+" %8(*+" .'**8"0'+"7'0"i"7&'$j<$(*"Pl\;\"%'&",')*8Q"'"0'2.+"$..822+"+)"$<<+**8"2'(*+*+"+)"<8&6$"+6%&')0+*8&+$.'"PlB;W" %'&",')*8"h"d+2>&$"CA!A!QA"
" _'." CW!B" +." )>6'&8" 0'..'" $/+')0'" $2&+*>&+(*+,V'" P$/+')0'" $2&+,8.'" $>*8&+//$*'" $..5'('&,+/+8" 0'..5$2&+*>&+(68Q"-"%$&+"$"CWALOJ;",8)<'&6$)08"+."*&')0"0+",&'(,+*$"0+"F>'(*$",$*'28&+$"&+,'**+G$"PlC;!mQA"" _'." ,8&(8" 0'." CW!B;" .'" )>8G'" $/+')0'" $>*8&+//$*'" $..5$**+G+*S" $2&+*>&+(*+,$" (8)8" !AHOJ;" F>'..'" ,'(($*'" !ACJEA"4+(%'**8"$."CW!C;"$>6')*$)8"(+$".'")>8G'"$>*8&+//$/+8)+"PlE!!">)+*SQ"(+$".'",'(($/+8)+"Pl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lH;!mQ" '" 6')8" )'." K')*&8" Pl!;!mQ;"6')*&'",$.$")'."='//82+8&)8"PYC;!mQA"D."EC;!m"0'2.+"$2&+*>&+(6+",8)"$..822+8;"+."EH;Om"0+"F>'..+" ,8)" &+(*8&$/+8)'" '" +." EB;Lm" 0'2.+" $2&+*>&+(6+" ,8)" 0'2>(*$/+8)'" -" .8,$.+//$*8" )'." _8&0;" 6')*&'" +." E!;Om" 0'..'"$/+')0'",8)"$.*&'"$**+G+*S"$2&+*>&+(*+,V'"-"(+*>$*8")'."K')*&8A"#$"f8(,$)$"'".51.*8"10+2';",8)"EA!WL"'" BAWOL" $/+')0';" (+" ,8)<'&6$)8" +" *'&&+*8&+" +)" ,>+" .5$2&+*>&+(68" &+(>.*$" (*8&+,$6')*'" %+@" ,8)(+(*')*'" '" &$0+,$*8A"?+@"0+">)5$/+')0$"$2&+*>&+(*+,$"(>"*&'"-"$",8)0>/+8)'"<'66+)+.'^".$"6$22+8&'",8),')*&$/+8)'"(+" &+.'G$"+)"f8(,$)$;",8)"!AHJ\"$/+')0';"%$&+"$."EW;Lm"0'."*8*$.'"&'2+8)$.'"'"$."CC;\m"0'."*8*$.'")$/+8)$.'" 0'2.+"$2&+*>&+(6+"2'(*+*+"0$"08))'A" "
!E" "
" "
" CWWBh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m" P0$" !BAW!O" $" CWALOJQ;" F>'..'" ,V'" 8<<&8)8" $..822+8"0'."\L;Lm"P0$"!WAJHJ"$"!JA!WCQ"'"2.+"$2&+&+(*8&+"0'."HO;Lm"P0$"HA!OB"$"!WA\!EQA" 3'6%&'" <&$" +." CWWB" '" CW!B;" (8)8" +)" ,&'(,+*$" $),V'" +" %8(*+" .'**8" PlOEAJBLQ" '" F>'..+" $" ('0'&'" Pl!\JAH!\QA" 1),V'" .'" $/+')0'" ,8)" 0'2>(*$/+8)'" '" F>'..'" ,8)" $.*&'" $**+G+*S" $2&+*>&+(*+,V'" ,&'(,8)8" )8*'G8.6')*'"
!\" "
PlEJ;Om" '" lHC;JmQA" d&$" .'" $.*&'" $**+G+*S;" &+(>.*$)8" +)" <8&*'" $>6')*8" (%8&*;" <$**8&+'" 0+0$**+,V'" '" $**+G+*S" G$&+'"P,V'",8+)G8.28)8"&+(%'**+G$6')*'"CA!H!;"!A!JH"'"CACEJ"$/+')0'QA" f&$" +." CW!C" '" +." CW!B;" )'..'" &'2+8)+" 0'." _8&0Y'(*" '" 0'." _8&0Y8G'(*;" .'" $/+')0'" $2&+*>&+(*+,V'" ,&'(,8)8" +)" 6+(>&$"%+@"&+.'G$)*'"P&+(%'**+G$6')*'"l\;Om"'"l\;LmQ"&+(%'**8"$"F>'..'"0'."K')*&8"'"0'..'"D(8.'^")'."3>0"(+" &+.'G$" +)G','" >)" ,$.8" 0'." \;Lm" Pd+2>&$" CA!ABQA" D)" *'&6+)+" $((8.>*+;" 2.+" +),&'6')*+" 6$22+8&+" &+2>$&0$)8" .$" #867$&0+$"'".51.*8"10+2';",8)"!WH"'"!WC">)+*S^"+.",$.8"%+@"&+.'G$)*'"(+"&'2+(*&$"+)"17&>//8"PY!C!">)+*SQA" #$"0+6+)>/+8)'"&'2+(*&$*$"+)"17&>//8")'."CW!B"(+"0'G'"%&+),+%$.6')*'"$."&+8&0+)8"0'."('**8&'"+)"('2>+*8"$+" )>8G+"$0'6%+6')*+"$",$&+,8"0'..'"$/+')0'"$2&+*>&+(*+,V'"%&'G+(*+"0$..$"G+2')*'")8&6$*+G$"&'2+8)$.'A" R'..'"!AHOJ"$>*8&+//$/+8)+"&+.$(,+$*'")'."CW!B"PlE!!"&+(%'**8"$."CW!CQ;"BOC"&+(>.*$)8"+)"1.*8"10+2'"P>)+*SQ" !OB"+)"f8(,$)$"P>)+*SQ^"('2>8)8"#867$&0+$",8)"!\L;"X')'*8"P!!HQ"'"=$&,V'"P!!\QA"" _'."CW!B;"*&$".'"!ACJE"$/+')0'",'(($*'"PlEO"&+(%'**8"$."CW!CQ;"ELJ"(8)8"$."_8&0;"E!E")'."='//82+8&)8"'" BJB")'."K')*&8A"D."%+@"$.*8")>6'&8"0+",'(($/+8)+"(+"&+.'G$"+)"1.*8"10+2'"'"+)"f8(,$)$;"&+(%'**+G$6')*'",8)" COW"'"CJW">)+*SA"" #$"0+(*&+7>/+8)'"%'&"/8)$"$.*+6'*&+,$"68(*&$".$")'**$"%&'G$.')/$"0'2.+"$2&+*>&+(6+",8..+)$&+"'"68)*$)+"P,V'" (8)8".5LE;Hm"0'."*8*$.'Q"&+(%'**8"$"F>'..+".8,$.+//$*+")'..'"$&''"%+$)'22+$)*+"P!\;EmQA"3+",8)<'&6$"0>)F>'"+." ,8)*&+7>*8"0'..5$2&+*>&+(68"$."6$)*')+6')*8"'"$."&$<<8&/$6')*8"0'2.+"+)('0+$6')*+">6$)+"'"0'..5$**+G+*S" $2&+,8.$" +)" /8)'" (%'((8" (G$)*$22+$*'A" c.*&'" .$" 6'*S" 0'2.+" $2&+*>&+(6+" 68)*$)+" (+" *&8G$" +)" f&')*+)8Y1.*8" 10+2'"P\W;OmQA"" _'." ,8)<&8)*8" ,8)" +" 0$*+" 0'." K')(+6')*8" $2&+,8.8" 0'." CW!W;" &+(%'**8" $." *8*$.'" 0'..'" $/+')0'" $2&+,8.';" 2.+" $2&+*>&+(6+"&+(>.*$)8"&'.$*+G$6')*'"%+@"0+<<>(+"$."_8&0"PELm"0+"$2&+*>&+(6+"&+(%'**8"$."CE;\m"0'..'"$/+')0'" $2&+,8.'"+)",86%.'((8Q;")'."K')*&8"PBE;Cm"$"<&8)*'"0'."!\;\mQ"'"+)"68)*$2)$"PBBm"&+(%'**8"$."!JmQ^"%'&" ,8)*&8;"2.+"$2&+*>&+(6+"(8)8"68.*8"6')8"%&'(')*+")'."='//82+8&)8"P!J;Jm"&+(%'**8"$."HWmQ"'"+)"%+$)>&$" P!\;Em"&+(%'**8"$."B!;HmQA"
" 1..$"f8(,$)$"+."%&+6$*8"0'2.+"$2&+*>&+(6+"2'(*+*+"0$"08))'"" !H" "
N.+" $2&+*>&+(6+" 2'(*+*+" 0$..'" 08))'" (8)8" JAEBH" ';" &+(%'**8" $." CW!C;" <$))8" &'2+(*&$&'" >)$" ,&'(,+*$" %+@" +)*')($" 0+" F>'..+" $" 2'(*+8)'" 6$(,V+.'" P&+(%'**+G$6')*'" lC;Em" '" l!;OmQA" 4+(%'**8" $..5$))8" %&','0')*';" $" .+G'..8"0+"&+%$&*+/+8)'"(+"&+.'G$">)"$>6')*8",8)(+(*')*'"0'2.+"$2&+*>&+(6+"2'(*+*+"0$"08))'"$."_8&0"PlH;BmQ"'" %+@" ,8)*')>*8" $." K')*&8" Pl!;JmQ^" +)G',';" )'." ='//82+8&)8" (+" &+(,8)*&$" >)" ,$.8" PYB;!mQ;" 08G>*8" %&+),+%$.6')*'" $..$" ,8)*&$/+8)'" &+(,8)*&$*$" +)" 17&>//8;" (8.8" %$&/+$.6')*'" ,86%')($*$" 0$..5$)0$6')*8" &'2+(*&$*8")'..'"$.*&'"&'2+8)+"6'&+0+8)$.+A"#5+),+0')/$"%+@"7$(($"0+"$2&+*>&+(6+"$",8)0>/+8)'"<'66+)+.'"(+" ,8)<'&6$"+)"1.*8"10+2';"08G'".'"08))'"2'(*+(,8)8"(8.8"+."!C;Om"0'."*8*$.'"%&8G+),+$.';"$"<&8)*'"0'."CB;Bm" &+(,8)*&$*8")'."*8*$.'"0'..'"$/+')0'"%&'(')*+")'."_8&0Y'(*A"_'..'"$.*&'"&+%$&*+/+8)+".$"%&'(')/$"0'..'"08))';" &+(%'**8"$"F>'..$"0'2.+">86+)+;"-"%+@"$.*$"'"%$&+;"&+(%'**+G$6')*';"$."BO;\m"0'."*8*$.'")'."_8&0Y8G'(*;"$." EBm" )'." K')*&8;" $." EO;Lm" )'." 3>0" '" $." BE;Bm" )'..'" D(8.'A" #$" 2'(*+8)'" <'66+)+.'" V$" +6%8&*$)/$" 0+<<'&')/+$*$" )'..'" 0+G'&('" &'2+8)+A" #$" ,8),')*&$/+8)'" 6$22+8&'" (+" &+.'G$" +)" f8(,$)$" ,8)" !AHJ\" $/+')0';" %$&+" $." EW;Lm" 0+" F>'..'" &'2+8)$.+" +)" ,86%.'((8" '" $." CC;\m" 0+" F>'..'" )$/+8)$.+" $" ,8)0>/+8)'" <'66+)+.'A" 3'2>8)8" I67&+$" '" #867$&0+$" ,8)" \LO" '" \HW" >)+*S;" ,V'" &$%%&'(')*$)8" &+(%'**+G$6')*'" +." EH;Wm" '" +." BH;Lm"0'2.+"$2&+*>&+(6+"&'2+8)$.+A"_'."CW!B;"8.*&'"EWW"$/+')0'"$",8)0>/+8)'"<'66+)+.'"(8)8"%&'(')*+"+)" f&')*+)8"1.*8Y10+2';"[6+.+$Y486$2)$;"?+'68)*';"X')'*8"'"#$/+8A"" ! c.*&'"8**8"$2&+*>&+(6+"(>"0+',+"8<<&8)8"('&G+/+"0+"$..822+8"" #'" $/+')0'" $>*8&+//$*'" $..5$..822+8" (8)8" !JA!WC" Pl!;Cm" &+(%'**8" $." CW!CQ" '" &$%%&'(')*$)8" .5L!;Lm" 0'." *8*$.'")$/+8)$.'"0'2.+"$2&+*>&+(6+^"F>'(*'"$/+')0'"0+(%8)28)8"0+"CCEAOBB"%8(*+".'**8"PlB;CmQ"'"0+"LA!LW" %+$//8.'" 0+" (8(*$" %'&" .5$2&+,$6%'22+8" PYC;CmQA" f&$" .'" $/+')0'" $>*8&+//$*'" $..5$..822+8;" EAWLB" P,+&,$" >)" F>$&*8" 0'." *8*$.'Q" 8<<&8)8" (8.8" .Z$..822+8;" JAHCL" PEE;HmQ" $77+)$)8" .58(%+*$.+*S" $..$" &+(*8&$/+8)';" CAJLO" P!H;BmQ"$((8,+$)8".58(%+*$.+*S",8)".$"0'2>(*$/+8)'"'"!WA!LE"P\O;\mQ"$&&+,,V+(,8)8".58<<'&*$"0+"$..822+8",8)" $.*&'"$**+G+*S"P'F>+*$/+8)';"'(,>&(+8)+(68;"(%8&*;",8&(+;"',,AQA"D)"%$&*+,8.$&';"+."EW;Lm"PHAOLB">)+*SQ"$77+)$" .5$..822+8" ,8)" >)5$.*&$" *+%8.82+$" 0+" $**+G+*S" $2&+*>&+(*+,$;" +." CH;Bm" PEAEOW" $/+')0'Q" ,8)" 0>'" *+%8.82+'" 0+" $**+G+*S"'"+."Om"P!A\EH">)+*SQ",8)"*>**'"'"*&'".'"$.*&'"*+%8.82+'"$2&+*>&+(*+,V'"Pd+2>&$"CA!A\QA"D."K')*&8"-".$" &+%$&*+/+8)'" *'&&+*8&+$.'" ,8)" %+@" $2&+*>&+(6+" ,V'" 8<<&8)8" ,8)*'6%8&$)'$6')*'" %+@" *+%8.82+'" 0+" $**+G+*SM" BACCH" $/+')0'" ,8)" >)" $.*&8" *+%8" 0+" $**+G+*S;" !AHWO" ,8)" 0>'" $.*&+" *+%+" '" HCB" ,8)" *&'A" D." K')*&8Y(>0" (+" ,8)<'&6$" .5$(('" 0'..58(%+*$.+*S" $2&+*>&+(*+,$;" ,8)" +." HB;Cm" 0'." *8*$.'" )$/+8)$.'" 0'..'" $/+')0'" $>*8&+//$*'" $..5$..822+8"'"+."\J;Om"0'+"%8(*+".'**8A" "
!J" "
" ?'&"F>$)*8"&+2>$&0$".'"$/+')0'"$2&+*>&+(*+,V'"$>*8&+//$*'"$..5$..822+8;"G+')'"&+.'G$*8"$),V'"+.")>6'&8"0'..'" ,$6'&'"'"0'+"%8(*+".'**8"(+*>$*+"+)"$7+*$/+8)+",86>)+"8"+)0+%')0')*+A"#$"*+%8.82+$"0'..'"$7+*$/+8)+",86>)+" P8GG'&8")8)"+)0+%')0')*+Q;",V'"-".$"%+@"0+<<>($;"&+2>$&0$"!WAH!H"$/+')0'"P%$&+"$."HC;!m"0'2.+"$2&+*>&+(6+" $>*8&+//$*+"$..5$..822+8Q;"%'&">)"*8*$.'"0+"!C\AHWL"%8(*+".'**8;",8)">)$"6'0+$"0+"!!;L"%8(*+"%'&"$/+')0$A"_'." ,8)<&8)*8",8)"+."CW!C;"+"%8(*+".'**8"$>6')*$)8"6$22+8&6')*'")'."_8&0"Pl!W;!mQ;"&+(%'**8"$"+),&'6')*+" %+@" ,8)*')>*+" )'." ='//82+8&)8" PlC;OmQ" '" )'." K')*&8" PlW;OmQA" N.+" $2&+*>&+(6+" ,V'" 8(%+*$)8" +)" $7+*$/+8)+" +)0+%')0')*+"(8)8"LAJ!!"P%$&+"$."\W;Om"0'..'"$/+')0'",8)"$..822+8Q"'"&+(>.*$)8"$>*8&+//$*+"%'&"OLAB!!"%8(*+" .'**8;",8)">)$"6'0+$"0+"!!;E"%8(*+"%'&"$/+')0$A"4+(%'**8"$..5$))8"%&','0')*';"+.")>6'&8"0'+"%8(*+".'**8" ,&'(,'"6$22+8&6')*'"$."_8&0"PlB;!mQ;"&+(%'**8"$">)"$>6')*8"6+)8&'")'."K')*&8"PlW;!mQ"'"$">)",$.8")'." ='//82+8&)8" PYW;JmQA" N.+" $..822+" $2&+*>&+(*+,+" 8<<&8)8" G$&+" *+%+" 0+" ('&G+/+M" (8.8" %'&)8**$6')*8;" %'&)8**$6')*8" '" %&+6$" ,8.$/+8)';" 6'//$" %')(+8)'" '" %')(+8)'" ,86%.'*$A" K+&,$" .$" 6'*S" 0'..'" $/+')0'" $>*8&+//$*'" $..5$..822+8" PLA\BE" >)+*S;" %$&+" $." EO;Om" 0'." *8*$.'" )$/+8)$.'Q" 8<<&'" +." (8.8" %'&)8**$6')*8;" +." EE;Jm">)+(,'"$."%'&)8**$6')*8".$"%&+6$",8.$/+8)';"+."!Om"%&8%8)'".$"6'//$"%')(+8)'"'"+."CL;Em"8<<&'".$" %')(+8)'" ,86%.'*$A" =')*&'" .$" f8(,$)$" %&'(')*$" >)$" ,8)(+(*')/$" '.'G$*$" %'&" ,+$(,>)$" *+%8.82+$" 0+" $..822+8;"+)"1.*8"10+2'".58<<'&*$"&+2>$&0$"%&+),+%$.6')*'"+."(8.8"%'&)8**$6')*8"PCAWHL">)+*S;"%$&+"$."JJ;Cm" 0'."*8*$.'"%&8G+),+$.'Q^"+)"?+'68)*'"&+(>.*$"%+@"0+<<>(8"+."%'&)8**$6')*8",8)"%&+6$",8.$/+8)'"PLWW">)+*S;" %$&+" $." OC;JmQ;" +)" 3$&0'2)$" %&'G$.'" .$" 6'//$" %')(+8)'" PBOL" >)+*S;" %$&+" $." H!;\mQ" '" +)" K$.$7&+$" .58<<'&*$" &+2>$&0$" 6$22+8&6')*'" .$" %')(+8)'" ,86%.'*$" PELW" $..822+;" %$&+" $..5LL;CmQA" #'" %+$//8.'" 0+" (8(*$" %'&" .5$2&+,$6%'22+8"(8)8"LA!LW;"0+(*&+7>+*'"+)"!O"&'2+8)+"P(8)8"$((')*+"+)"X$..'"0518(*$"'"1.*8"10+2'QA"D."\!;!m" 0'..'"%+$//8.'"(+"*&8G$")'."='//82+8&)8"08G'"%'&a;"&+(%'**8"$."CW!C;"(+"&+.'G$">)",$.8"0'..5!!mA"" " 12&+(*8&+"%+@"%&'(')*+")'."K')*&8Y(>0"" _'."CW!B".'"$/+')0'"$>*8&+//$*'"$..$"&+(*8&$/+8)'"(8)8"!WA\!E"PlB;Hm"&+(%'**8"$."CW!CQ"'",8(*+*>+(,8)8"+." \W;Bm" 0'2.+" $2&+*>&+(6+" +*$.+$)+A" N.+" $2&+&+(*8&+" &+(>.*$)8" +)" ,8)(+(*')*'" ,&'(,+*$" )'." K')*&8" PlJ;BmQ" '" )'." _8&0"PlH;HmQ;"6')*&'")'."='//82+8&)8"(+"&'2+(*&$">)",$.8",8)*')>*8"PYW;OmQ;"08G>*8"%&+),+%$.6')*'"$..$" <8&*'" ,8)*&$/+8)'" &'2+(*&$*$" +)" U$(+.+,$*$" PYCW;EmQ;" X$..'" 0518(*$" PYCWmQ" '" ?>2.+$" PY!L;!mQA" 1" .+G'..8" &'2+8)$.';"2.+"+),&'6')*+"%'&,')*>$.+"%+@"'.'G$*+"(+"&+.'G$)8"+)"#+2>&+$"PlC\;HmQ"'"K$6%$)+$"Pl!C;\mQA" D)" .+)'$" ,8)" F>$)*8" &'2+(*&$*8" %'&" .5$..822+8;" .$" &+(*8&$/+8)'" h" +)" $>6')*8" +)" *>**'" .'" &+%$&*+/+8)+" 2'82&$<+,V'"*&$))'",V'")'."3>0"h"-")'.",86%.'((8"%+@"%&'(')*'")'..'"&'2+8)+",')*&86'&+0+8)$.+;"08G'"-" !L" "
.8,$.+//$*8"+."\B;!m"0'..'"$/+')0'"&+(*8&$*&+,+A"K8),')*&$)08".5$**')/+8)'"(>..'"$/+')0'"$2&+*>&+(*+,V'",8)" $**+G+*S" 0+" &+(*8&$/+8)';" +." !B;Lm" 0'..'" $/+')0'" &+(*8&$*&+,+" -" $>*8&+//$*8" >)+,$6')*'" $..$" &+(*8&$/+8)';" +." JC;Hm" 8<<&'" $),V'" ('&G+/+8" 0+" $..822+8;" +." CHm" $77+)$" .$" &+(*8&$/+8)'" ,8)" .$" 0'2>(*$/+8)'" '" +." \Lm" ,86%.'*$" .58<<'&*$" ,8)" .5'('&,+/+8" 0+" $.*&'" $**+G+*S" P'F>+*$/+8)';" '(,>&(+8)+(68;" (%8&*;" ,8&(+;" ',,AQA" #$" &+.'G$/+8)'",8)<'&6$",V'".'"$/+')0'"$>*8&+//$*'"$..$"(8.$"&+(*8&$/+8)'"(8)8"&'.$*+G$6')*'"%+@"0+<<>('"+)" #867$&0+$;" f&')*+)8Y1.*8" 10+2';" d&+>.+YX')'/+$" N+>.+$;" 3$&0'2)$" '" X')'*8^" .$" *+%8.82+$" &+(>.*$" 0'." *>**8" $((')*';" +)G',';" +)" f8(,$)$;" I67&+$" '" =$&,V'A" #5$77+)$6')*8" 0'..$" &+(*8&$/+8)'" ,8)" .5$..822+8;" %>&" %&'(')*'" +)" *>**'" .'" &'2+8)+;" &+(>.*$" %+@" 0+<<>(8" +)" f8(,$)$;" ?+'68)*';" [6+.+$Y486$2)$;" #867$&0+$" '" 3$&0'2)$A" D" %8(*+" $" ('0'&'" $>*8&+//$*+" (8)8" +)" *>**8" EWHAO\J" PlC;\m" &+(%'**8" $." CW!CQ;" 0+" ,>+" +." EL;Cm" &'.$*+G8"$0"$/+')0'">7+,$*'")'..'"&'2+8)+"('**')*&+8)$.+"'"+."\!;Lm"+)"F>'..'",')*&8Y6'&+0+8)$.+A"#$"6'0+$" )$/+8)$.'" 0'+" %8(*+" $" ('0'&'" %'&" $/+')0$" -" %$&+" $" BL;J" P'&$" BO;C" .5$))8" %&','0')*'Q" '" G$&+$" <&$" 2.+" !!;L" 0'..51.*8" 10+2'" '" +" JC;B" 0'..$" 3$&0'2)$A" _'." _8&0;" .'" &'2+8)+" ,8)" %+@" %8(*+" $" ('0'&'" $>*8&+//$*+" (8)8" .$" #867$&0+$" '" +." X')'*8;" &+(%'**+G$6')*'" ,8)" ECAOCH" '" ECACHJ" %8(*+A" _'." K')*&8;" +" %8(*+" (8)8" %&'(')*+" (8%&$**>**8"+)"f8(,$)$"'"#$/+8"8G'"&+(>.*$)8"%$&+;"&+(%'**+G$6')*';"$"COAECC"'"CCAJO!A"_'."='//82+8&)8;"+" G$.8&+"%+@"'.'G$*+"(+"&+(,8)*&$)8"+)"3$&0'2)$"'"3+,+.+$"PELABHW"'"CEAOCW"%8(*+QA" ! R'2>(*$/+8)'"+)",&'(,+*$"$."_8&0"" #$"0'2>(*$/+8)'",8)(+(*'"+)">)"$(($22+8"0+"%&808**+"$.+6')*$&+",V'")8)"$((>6'".'",$&$**'&+(*+,V'"%&8%&+'" 0+">)"%$(*8A"3+"*&$**$"2')'&$.6')*'"0+">)"$&&+,,V+6')*8"0'..58<<'&*$"$/+')0$.';",V'"(+"+)('&+(,'")'.",+&,>+*8" 0+" &+(*8&$/+8)'Y$..822+8" 6'0+$)*'" +." ,8)(>68" +)" .8,8" 0+" %&808**+" $.+6')*$&+" 0+" 8&+2+)'" $/+')0$.'A" #'" $/+')0'"'(%&'(($6')*'"$>*8&+//$*'"$..$"0'2>(*$/+8)';"%$&+"$"BA\LL">)+*S;"&'2+(*&$)8">)"+),&'6')*8"PlEm" &+(%'**8" $." CW!CQ" '" ,8(*+*>+(,8)8" +." !J;Cm" 0'2.+" $2&+*>&+(6+" +)" ,86%.'((8^" .'" $/+')0'" $>6')*$)8" 6$22+8&6')*'" )'." _8&0" PlL;LmQ" '" 6')8" )'." ='//82+8&)8" PlE;HmQ" '" )'." K')*&8" Pl!;BmQA" 1" .+G'..8" &'2+8)$.';"+.",$.8"%'&,')*>$.'"%+@"&+.'G$)*'"(+"&'2+(*&$"+)"X$..'"0518(*$"PYJE;BmQ;"('2>'".$"U$(+.+,$*$"PY\WmQ^" .$" 0'2>(*$/+8)'" &+(>.*$" +)G','" +)" ,&'(,+*$" +)" d&+>.+" X')'/+$" N+>.+$" PlBWmQ" '" #867$&0+$" PlCE;!mQA" d&$" .'" $/+')0'" ,V'" 8<<&8)8" 0'2>(*$/+8)+;" .5LLm" -" $>*8&+//$*8" $..$" (8.$" 0'2>(*$/+8)';" 6')*&'" +." JJ;Jm" $((+,>&$" $),V'".58(%+*$.+*S;"+."JH;Cm",867+)$".$"0'2>(*$/+8)'",8)".$"&+(*8&$/+8)'"'"+."H\;Lm",86%.'*$".58<<'&*$",8)" .5'('&,+/+8"0+"$.*&'"$**+G+*S"P'F>+*$/+8)';"'(,>&(+8)+(68;"(%8&*;",8&(+;"',,AQA"#58<<'&*$"0+"0'2>(*$/+8)'"&+(>.*$" %+@" 0+<<>($" +)" X')'*8;" ?+'68)*';" f8(,$)$;" =$&,V'" '" I67&+$A" #5$>*8&+//$/+8)'" $..$" 0'2>(*$/+8)'" -" $((')*'")'..$"%&8G+),+$"0+"U8./$)8;"+)"[6+.+$Y486$2)$"'"+)"3$&0'2)$A"?'&",8)(')*+&'">)",8)<&8)*8"+."%+@" 8682')'8"%8((+7+.';"+.")>6'&8"0+"%$(*+"$))>+"$>*8&+//$*+"+)"[6+.+$Y486$2)$"(8)8"*&$(<8&6$*+"+)"%8(*+"$" ('0'&'" 6'0+$)*'" >)" ,8'<<+,+')*'" 0+" (*+6$" ,$.,8.$*8" 0$..$" 4'2+8)'A" D" %8(*+" $" ('0'&'" &'.$*+G+" $..$" f8(,$)$" (8)8" ,$.,8.$*+" 0$..$" 4'2+8)'" 6'0+$)*'" .5$**&+7>/+8)'" 0+" >)" )>6'&8" 6'0+8" %'&" $2&+*>&+(68A" #$"
!O" "
6'*808.82+$" +6%+'2$*$" ,8)(')*'" ,8(`" 0+" ,8)<&8)*$&'" .5')*+*S" 0'..$" &+(*8&$/+8)'" +)" 7$('" $..$" %8*')/+$.'" ,$%$,+*S"&+,'**+G$"0'2.+"'('&,+/+"$>*8&+//$*+A"" ! c.*&'".58(%+*$.+*SM".'"$.*&'"$**+G+*S"$2&+*>&+(*+,V'"" _'." CW!B" (+" ,8)*$)8" !CAWOH" $/+')0'" Pl!m" &+(%'**8" $." CW!CQ" $>*8&+//$*'" $..5'('&,+/+8" 0+" $.*&'" $**+G+*S" $2&+*>&+(*+,V'"P'F>+*$/+8)';"'(,>&(+8)+(68;"8(('&G$/+8)+")$*>&$.+(*+,V';"*&'jj+)2;"68>)*$+)"7+j';"<$**8&+'" 0+0$**+,V';",8&(+;"(%8&*"'"G$&+'QM"(+"*&$**$"0'."\J;Om"0'2.+"$2&+*>&+(6+"+*$.+$)+A"d&$".'"$/+')0'"$>*8&+//$*'"$..8" (G8.2+6')*8" 0+" $.*&'" $**+G+*S;" F>'..'" %+@" )>6'&8('" (8)8" &$22&>%%$*'" )'..'" G8,+" 9(%8&*:" '" 9G$&+':;" ,V'" ,86%&')08)8;" &+(%'**+G$6')*';" \AWLL" PEC;!m" 0'." *8*$.'Q" '" HAWBB" >)+*S" PEO;OmQA" #5'(,>&(+8)+(68" '" .5+6%+'28"0+"68>)*$+)"7+j'"(8)8"%&$*+,$*+;"&+(%'**+G$6')*';"+)"BA!CE"'"CAL\!"$/+')0'A"D",8&(+;"+."*&'jj+)2"'" .5'F>+*$/+8)'"&+2>$&0$)8;"&+(%'**+G$6')*';"!AJJW;"!AJ!J"'"!ACBW"$/+')0'^"%+@".+6+*$*$;"+)<+)';".58<<'&*$"0+" 8(('&G$/+8)+")$*>&$.+(*+,V';",V'"+)*'&'(($"OJC"$2&+*>&+(6+A"#5+)0$2+)'"&+.'G$"$),V'"!A!JH"$2&+*>&+(6+",V'" (G8.28)8" .5$**+G+*S" 0+" <$**8&+$" 0+0$**+,$A" #'" <$**8&+'" 0+0$**+,V'" (8)8" '(%&'((+8)'" 0'..$" 6>.*+<>)/+8)$.+*S" 0'..'"$/+')0'"$2&+,8.'"'"&+')*&$)8"$"%+')8"*+*8.8"*&$".'"$**+G+*S"&+,&'$*+G';",>.*>&$.+"'"0+0$**+,V'"(G8.*'"0$2.+" $2&+*>&+(6+A" d&$" .'" $/+')0'" ,V'" '('&,+*$)8" .'" $.*&'" $**+G+*S" $2&+*>&+(*+,V';" +." \;Om" -" $>*8&+//$*8" '(,.>(+G$6')*'" $..8" (G8.2+6')*8" 0'..'" $.*&'" $**+G+*S;" +." \W;Em" $((8,+$" .'" $.*&'" $**+G+*S" $..$" &+(*8&$/+8)';" .5LE;Cm" $77+)$" .5$..822+8" '" +." !O;\m" ,867+)$" .'" $.*&'" $**+G+*S" ,8)" .$" 0'2>(*$/+8)'A" #'" $.*&'" $**+G+*S" $2&+*>&+(*+,V'"&+(>.*$)8"%+@",8),')*&$*'")'."K')*&8Y(>0;"8G'"-".8,$.+//$*8"+."HW;Em"0'..'"$/+')0'"$"<&8)*'" 0'."BO;Hm"0'."_8&0A" " "
CW" "
" LJ!<40+),4$*!0,#!),&3+$*!0,#!(,$$*&,!$%&'()*!+!#'7,##*!&,.'*4+#,!! 1**&$G'&(8" .5c(('&G$*8&+8" &'2+8)$.'" (>." *>&+(68" P3+(*'6$" ?>2.+$" %'&" .5c(('&G$*8&+8" f>&+(*+,8" Y" 3?cf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lL;\m" 0'2.+" $&&+G+" '" 0'." lEm" 0'..'" %&'(')/'" +)*'&)$/+8)$.+" &+(%'**8" $." CW!B" ,8)(')*')08" >)" %&+68" 7+.$),+8" %8(+*+G8" %'&" .5+),86+)2" ,86%.'((+G8" P$&&+G+Q" ,&'(,+>*8" 0'." l!m" P0$*+" $),8&$" +),86%.'*+Q;" $" <&8)*'" 0+" >)$" ,8)*&$/+8)'"0'..'"%&'(')/'"PY!;\m"$),V'"+)"F>'(*8",$(8"+"0$*+"(8)8"+)"G+$"0+"0'<+)+/+8)'Q;"&+<.'((8"0'.",$.8" 0'..$"0>&$*$"0'+"(822+8&)+"0'+"G+$22+$*8&+"+*$.+$)+" PYBmQA" #$" %'&6$)')/$" 6'0+$" -" (*$*$" 0+" E;!" )8**+" P+)" .+)'$" ,8)" .5$))8" %&','0')*'QA" D." *$((8" 0+" +)*'&)$/+8)$.+//$/+8)'"
0'..$"
&'2+8)'"
V$"
&$22+>)*8" +." CWm" )'." CW!E" +)<$**+" 0$." CWWJ" $." CW!E".5+),86+)2"0$..5'(*'&8"-",&'(,+>*8"0'."\Hm" %'&" 2.+" $&&+G+" '" 0'." \Om" %'&" .'" %&'(')/';" $0" >)" *$((8" 6'0+8" $))>8" 0'." JmA" R$." CW!!" .$" 6+)8&'" F>8*$" 0+" &+(8&('" 0'(*+)$*'" $." *>&+(68" 0$" %$&*'" 0'2.+" +*$.+$)+;" )8)" -" ,8)<8&6'" $..5$)0$6')*8" *>&+(*+,8" &'2+8)$.';" +)<$**+" )'." %'&+808" CWWJY CW!E" +." *>&+(68" 086'(*+,8;" +." ('26')*8" 0'..$" 086$)0$"
*>&+(*+,$"
%>2.+'('"
6$*>&8"
'"
,8)(8.+0$*8;" -" ,86>)F>'" $>6')*$*8" 0'." l!Bm" %'&" 2.+" $&&+G+" '" 0'." lLm" %'&" +" %'&)8**$6')*+" P*$((8"0+",&'(,+*$"6'0+$"$))>$"0'."C;EmQA"_'."CW!E".$"7>8)$",&'(,+*$"0'."*>&+(68"(*&$)+'&8"+)"?>2.+$"V$" <$G8&+*8".$"0'(*$2+8)$.+//$/+8)'"68(*&$)08"8**+6+"&+(>.*$*+")'+"6'(+"0$"$%&+.'"$"8**87&'A"1"0+<<'&')/$"0'..8" (*8&+,8" $)0$6')*8" 0'." 6'&,$*8" *>&+(*+,8" )$/+8)$.'" P+." C\m" (+" ,8),')*&$" $0" $28(*8" G(" +." !Bm" 0'2.+" (*&$)+'&+Q" +." 6'('" 0+" %+,,8" %'&" .5+),86+)2" +)*'&)$/+8)$.'" -" ('**'67&'" P!\m" 0'+" <.>((+QA" #$" <$G8&'G8.'" 086$)0$"*>&+(*+,$"&'.$*+G$"$"(*$2+8)$.+*S"0+<<'&')/+$*'"-"*&$+)$*$"$),V'"0$."<$**8",V'")'."CW!E".$"?>2.+$"-" (*$*$" *&$" .'" 0'(*+)$/+8)+" *>&+(*+,V'" +*$.+$)'" %+@" &+,V+'(*'" 0$2.+" (*&$)+'&+" %'&" .'" <'(*+G+*S" 0+" _$*$.'" CW!EA"
C!" "
#$")8*+/+$"2+>)2'"0$..$",8)(>'*$"+)0$2+)'"0'..5[)+*"P[)*'"_$/+8)$.'"0'."f>&+(68Q",8)08**$"0+&'**$6')*'" (>" !OW" f8>&" c%'&$*8&" POW" '>&8%'+" '" !WW" 0+" 8.*&'8,'$)8Q" (>" >)" *8*$.'" 0+" CL" 6'&,$*+" (*&$)+'&+A" 1" _$*$.'" CW!E".$"&'2+8)'"V$"$**&$**8"(8%&$**>**8"+"*>&+(*+"%&8G')+')*+"0$."U'.2+8;"0$2.+"I($"'"0$..5D)0+$",8)">)$"<8&*'" 086$)0$"0+"%&808**+"K+**S"051&*'"'"d880in+)'",8)"<8&6>.'"d.oiR&+G'A"
" 38)8"F>'(*+"+"0$*+"%&8GG+(8&+"$."CJ"2'))$+8"CW!\;"&$,,8.*+"0$..$"4'2+8)'"?>2.+$"0+&'**$6')*'"0$."OWm"0'..'" ,+&,$" \6+.$" (*&>**>&'" &+,'**+G'" 0'." *'&&+*8&+8" '" &+.'G$*+" (>." OWm" 0'+" %8(*+" .'**8" ,86%.'((+G+" $**&$G'&(8" +." (8<*p$&'"3?cf"P3+(*'6$"?>2.+$"%'&".5c(('&G$*8&+8"f>&+(*+,8Q;"+."(+(*'6$"0+"&+.'G$/+8)'"*'.'6$*+,$"G+$"p'7" ,V'" 0$." !g" 2'))$+8" CW!B" V$" (8(*+*>+*8" .$" *&$0+/+8)$.'" %&8,'0>&$" ,$&*$,'$;" ,8)(')*')08" )>6'&8(+" G$)*$22+M" *'6%'(*+G+*S" 0+" &$,,8.*$" '" 0+" +)G+8" 0'+" 0$*+" $..5D(*$*;" F>$.+*S" 0'." 0$*8;" .5$)$.+(+" 2+8&)$.+'&$" 0'+" <.>((+;")'((>)",8)(>68",$&*$,'8;"%+@"+)<8&6$/+8)+"P$),V'"F>$.+*$*+G'Q"&$,,8.*'"0>&$)*'".'"8%'&$/+8)+"0+" ,V',j"+)"'",V',j"8>*A" _'." CW!E" (8)8" (*$*'" &'2+(*&$*'" ,&'(,+*'" +6%8&*$)*+;" +)" %'&,')*>$.'" 6$" $),V'" +)" G$.8&+" $((8.>*+" P*&$" +" !CAWWW"'"+"CAWWW"$&&+G+"+)"%+@Q"0$M"d&$),+$"Pl!OmQ;"?8.8)+$"PlB!mQ;"1>(*&+$"Pl!LmQ;"N'&6$)+$"Pl\mQ;"3*$*+" I)+*+"0516'&+,$"Pl!!mQ;"?$'(+"U$((+"PlC\mQ;"4'2)8"I)+*8"Pl!!mQ;"3G+//'&$"PlBmQA"
CC" "
" _'." CW!E" (8)8" (*$*+" &'2+(*&$*+" 7>8)+" +),&'6')*+" $),V'" 0$..5D&.$)0$"PBAWWW")>8G+"$&&+G+"08G>*+"$),V'"$..5$**+G$/+8)'"0'." ,8..'2$6')*8"$'&'8"0+&'**8"U$&+YR>7.+)8Q"'"0$."U&$(+.'"PlCOmQA" f&')0"0+",&'(,+*$"(8)8"(*$*+"&'2+(*&$*+"$),V'"0$"D)0+$"PlHOmQ"'" f>&,V+$" PlC!mQ;" ,+<&'" $),8&$" 680'(*$6')*'" &$%%&'(')*$*+G'" ('"*&$08**'"+)"G$.8&+"$((8.>*+A" R$."CWWJ"$0"822+"2.+"$&&+G+"+)*'&)$/+8)$.+"+)"?>2.+$"(8)8",&'(,+>*+" 0'." l\\m" '" .'" %&'(')/'" 0'." l\Lm;" &$22+>)2')08" +" H\W" 6+.$" $&&+G+"'"+"C;E"6+.+8)+"0+"%&'(')/'")'."CW!E;"8GG'&8"+."CWm",+&,$"0'."*8*$.'"*>&+(*+"PB;C"6+.+8)+"0+"$&&+G+"%'&" !B;!"6+.+8)+"0+"%&'(')/'QA"c&6$+;"(+"(*+6$",V'".5+),+0')/$"0'."*>&+(68"(*&$)+'&8"(>."*8*$.'"&'2+8)$.'"%8(($" &$22+>)2'&'"+."BWm"')*&8"+."CWCW;",8.6$)08"%'&"('6%&'"%$&*'"0+"F>'."2$%",V'"0+(*$)/+$G$".$"?>2.+$"0$..'" $.*&'"0'(*+)$/+8)+"05D*$.+$"'"05[>&8%$A" _'2.+"$))+"(+"-"&+08**$".$"F>8*$"6'&,$*8"0'..$"N'&6$)+$"PCWm")'." CWWJQ" +)" <$G8&'" 0+" $.*&+" ?$'(+" '>&8%'+" Pd&$),+$;" ?$'(+" U$((+;" U'.2+8" '" 1>(*&+$Q" ,V'" V$))8" 6$)" 6$)8" $,F>+(+*8"6$22+8&"%'(8A" #'"('2)$.$/+8)+"%+@"+6%8&*$)*+"&+2>$&0$)8">)$",&'(,+*$"0'..5+),86+)2"%&8G')+')*'"0$."4'2)8"I)+*8"'">)$" &'.$*+G$"%'&0+*$"0+"F>8*'"0$"%$&*'"0'..$"4>((+$",V'",'0'"+."(>8"%8(*8"0'..$"*8%"*')"$"<$G8&'"0'+"?$'(+"U$((+A"
CB" "
d&$),+$;"3G+//'&$;"U'.2+8;"?$'(+"U$((+;"4'2)8"I)+*8;"4>((+$;"?8.8)+$;"1>(*&+$;"N+$%%8)'"'"3%$2)$"(8)8"(*$*+" +"?$'(+"'(*'&+",V'"+)"F>'(*+"('**'"$))+" V$))8"&'2+(*&$*8".'",&'(,+*'"$((8.>*'" 6$22+8&+A" D)" $>6')*8" $),V'" .$" 086$)0$"*>&+(*+,$"G'&(8".$"?>2.+$"0$" %$&*'"0+"3*$*+"I)+*+;"K$)$0$;"?8.8)+$;" U&$(+.';"3G'/+$;"D(&$'.'"'"1>(*&$.+$A" _'." <&$**'6%8;" $),V'" +." *>&+(68" )$/+8)$.';" >)" ('26')*8" 6$*>&8" '" ,8)(8.+0$*8" ,V'" %'&" .$" ?>2.+$" &$%%&'(')*$" .5LWm" 0'..5+),86+)2;" V$" &'2+(*&$*8" ,&'(,+*'" +6%8&*$)*+M" l!Cm" 0+" $&&+G+" '" lJm" 0+" %&'(')/'" 0$." CWWJ" $." CW!EA" =8.*8" G+G$,';" $),V';" .$" 0+)$6+,$" 0'." ?+." *>&+(*+,8" &'2+8)$.'" ,V';"
(',8)08"
.5D?4[3"
PD(*+*>*8"
?>2.+'('" 0+" 4+,'&,V'" [,8)86+,V'" '" 38,+$.+Q;"&$%%&'(')*$G$"+."B;\m"0'."?+." ,86%.'((+G8" %>2.+'('" )'." CWWJ" '" V$" &$22+>)*8" .5L;!m" )'." CW!E" P,+&,$" H6+.+$&0+" 0+" '>&8Q;" $>6')*$)08" .5+),+0')/$"0+"E;J"%>)*+"%'&,')*>$.+A"D" 0$*+" 0'..'" K$6'&'" 0+" K866'&,+8" &'2+8)$.+" &'.$*+G+" $." *'&/8" *&+6'(*&'" 0'." CW!E" 'G+0')/+$)8" >)" $>6')*8" 0'..'" +6%&'('" $**+G'" 8%'&$)*+" )'." *>&+(68" 0'." lC;Lm" P0$" BWAOOH" 0'." CW!B" $" B!ALH\" 0'." CW!EQ" '" >)" $>6')*8"0'2.+"$00'**+"$."*>&+(68"0'."l!m"P0$"!BWALWO"0'."CW!B"$"!BCA!WW"0'."CW!EQA"
"
CE" "
D." ,8)(>)*+G8" $." B!" 0+,'67&'" CW!E" 0'." *&$<<+,8" %$(('22'&+" (>2.+" $'&8%8&*+" 0+" U$&+" '" U&+)0+(+;" +)G',';" ($),+(,'"+."(')(+7+.'"+),&'6')*8"0'+"<.>((+"&+(%'**8"$."0$*8"&'2+(*&$*8")'."%&','0')*'"$))8A"" K86%.'((+G$6')*'" +" %$(('22'&+" +)" $&&+G8" '" %$&*')/$" 0$+" 0>'" $'&8%8&*+" (8)8" (*$*+" \ALCJAW\C;" +." lE;Em" &+(%'**8"$+"\A\LCAHOJ"0'."CW!BA"_'..$"(>,,'((+G$",.$((+<+,$/+8)'"0'."*&$<<+,8"(%+,,$"+."CL;Hm"05+),&'6')*8" 0'+"%$(('22'&+",V$&*'&"P!C!AHHJ")'."CW!E"&+(%'**8"$+"OEAHWO"0'."%&','0')*'"$))8Q"'"+."lEm"0'."*&$<<+,8"0+" .+)'$" ,8)" +" (>8+" \AHOOABBJ" %$(('22'&+;" 0'+" F>$.+" EABWCABWO" PlB;JmQ" &+<'&+*+" $+" ,8..'2$6')*+" )$/+8)$.+" '" !ABOJAWCL"PlE;OmQ"&+<'&+*+"$2.+"+)*'&)$/+8)$.+A" _'..5$))8" $%%')$" ,8),.>(8" .8" (,$.8" ,V'" (+" -" 0+(*+)*8" %'&" .$" ,&'(,+*$" 0'." *&$<<+,8" -" (*$*8" .51'&8%8&*8" 0'." 3$.')*8" 0+" U&+)0+(+;" +." F>$.'" )'." CW!E;" *&$" $&&+G+" '" %$&*')/';" (+" -" $**'(*$*8" $" CA!\OAEB!" %$(('22'&+;" +." lL;\m" &+(%'**8" $" !AOLOAEOH" 0'..5$))8" %&','0')*'A" D." 6$22+8&" +),&'6')*8" %'&,')*>$.'" PlJL;JmQ" -" (*$*8" F>'..8" &+<'&+*8"$+"%$(('22'&+",V$&*'&;",&'(,+>*+"0$+"!LAOHL" 0'."CW!B"$+"BEAWWO"0'."CW!E;"6')*&'"%'&"F>'.",V'" &+2>$&0$" +." *&$<<+,8" 0+" .+)'$;" (+" -" %$(($*+" 0$" !AOHJACLW"%$(('22'&+"0'."CW!B"$+"CA!CCA\WL"0'..8" (,8&(8" $))8;" %$&+" $." lJ;Om;" >)" +),&'6')*8" ,>+" V$))8" ,8)*&+7>+*8" +" B\HAC!B" %$(('22'&+" 0+" .+)'$" +)*'&)$/+8)$.'" PlL;!mQ" '" !AJHHACO\" %$(('22'&+" 0+" .+)'$" )$/+8)$.'"PlJ;OmQA"" c**+68" $),V'" +." 0$*8" &+<'&+*8" $..5$'&8%8&*8" q$&8." n8r*o.$" 0+" U$&+" 08G'" )'." CW!E" (8)8" (*$*+" BAHHLA!!\" +" %$(('22'&+"+)"$&&+G8"'"%$&*')/$;"+."lC;!m"&+(%'**8"$+"BA\OBACW!"%$(('22'&+"0'."CW!BA" #'"0'(*+)$/+8)+"*>&+(*+,V'"&'2+8)$.+"(,'.*'"0$2.+"(*&$)+'&+;"%8((8)8"'(('&'"(+)*'*+//$*'",8)".5+)0+,$/+8)'"0+" !\" ,86>)+" 0+" &+<'&+6')*8" P1.7'&87'..8;" U$&+;" U&+)0+(+;" K$(*'..$)'*$;" d$($)8;" N$..+%8.+;" #',,';" =8)8%8.+;" c(*>)+;"c*&$)*8;"?'(,V+,+;"3$)"N+8G$))+"48*8)08;"f$&$)*8;"I2')*8"'"X+'(*'Q",V'"$,,8.28)8"%+@"0'."\\m" 0'2.+"$&&+G+"+)"?>2.+$A""
" C\" "
! D."H\m"0'+"!\",86>)+"+)"'($6'"V$">)$"G8,$/+8)'"*>&+(*+,$"%&'**$6')*'"7$.)'$&'"'0"+)"F>'(*+"(+",8),')*&$" +."EWm"0'."*>&+(68"(*&$)+'&8"+)"?>2.+$A"C\",86>)+"%>2.+'(+"$,,8.28)8"%+@"0+"\6+.$"$&&+G+"(*&$)+'&+"+)"?>2.+$M" U$&+"PJH"6+.$Q;"1.7'&87'..8"P\!"6+.$Q;"X+'(*'"PEO"6+.$Q;"#',,'"PEC"6+.$Q;"3$)"N+8G$))+"48*8)08"PBJ"6+.$Q;" d$($)8" PBH" 6+.$Q;" c(*>)+" PC!" 6+.$Q;" I2')*8" PCW" 6+.$Q;" U&+)0+(+" P!J" 6+.$Q;" c*&$)*8" P!H" 6+.$Q;" ?'(,V+,+" P!E" 6+.$Q;"N$..+%8.+"P!E"6+.$Q;"K$(*'..$)'*$"P!C"6+.$Q;"f$&$)*8"P!C"6+.$Q;"=8)8%8.+"P,+&,$"!!"6+.$Q;"?8.+2)$)8" P!W" 6+.$Q;" f&$)+" PO" 6+.$Q;" =$)<&'08)+$" P,+&,$" O" 6+.$Q;" =$&*+)$" d&$),$" PL6+.$Q;" ?8&*8" K'($&'8" PJ" 6+.$Q;" N+8G+)$//8"P,+&,$"J"6+.$Q;"U$&.'**$"PH"6+.$Q;"=$**+)$*$"PH"6+.$Q;"U+(,'2.+'"P,+&,$"H"6+.$Q;"=8)*'"3$)*51)2'.8" P%+@"0+"\"6+.$QA" U$&+" &$%%&'(')*$" .$" %&+),+%$.'" $&'$" 0+" $%%&808" 0'." *>&+(68" +)*'&)$/+8)$.'" +)" ?>2.+$;" ,8)" JH6+.$" $&&+G+" (*&$)+'&+;"$,,82.+'")'."CW!B"+."!Bm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l7+j'*8>&+(6;"l',8*>&+(68;"l(%8&*ip'..)'((QA" " _'." CW!E" .$" ?>2.+$" -" +)" 2&$08" 0+" 8<<&+&'" OE" 6+.$" ,$6'&'" '" CHJAEHC" %8(*+" .'**8" %'&" >)" *8*$.'" 0+" \ACJL" (*&>**>&'"&+,'**+G'"P+."!Om"0'.",86%$&*8"$.7'&2V+'&8"'"+."&'(*$)*'"L!m"0'..5'k*&$.7'&2V+'&8QA"" 4+(%'**8"$..5$))8"%&','0')*'"+.")>6'&8",86%.'((+G8"0+"'('&,+/+"-",&'(,+>*8"0'."l\;!m",8)">)"$>6')*8"0+" %8(*+" .'**8" %$&+" $." CmA" d&')$" .$" ,&'(,+*$" 0'." ,86%$&*8" $.7'&2V+'&8" ,8)" .5$)0$6')*8" )'2$*+G8" &'2+(*&$*8" )'2.+"$.7'&2V+"0$"B"$"!"(*'..$A"1>6')*$)8"+)G','".'"(*&>**>&'"E"(*'..'"PlEm"0'2.+"'('&,+/+"'"l!;Em"0'+"%8(*+"
CH" "
.'**8QA" :+! 3&,(3'$+! 0'! <.&'$%&'()'! BSDD@TUH@! <II'$$+3+),&,! BSLV@WUH! ,! XYX! BSEUH! 0,$,&)'4+! %4! '43&,),4$*!3*)2#,(('7*!0,##-,Z$&+#N,&.5',&*!0,#!SW@WU!BSC@LU!'!2*($'!#,$$*HJ!"
# D."\Wm",+&,$"0'+"*>&+(*+"+)"?>2.+$")'."CW!E"V$"8%*$*8"%'&"<8&6'"0+"(822+8&)8"+)"(*&>**>&'"0+".+G'..8"6'0+8Y $.*8"P\"'"E"(*'..'QA"4+(%'**8"$..5$))8"%&','0')*'"+."('**8&'"V$"&'2+(*&$*8"+."lC;\m"0'2.+"$&&+G+"'"+."lB;Hm"0'..'" %&'(')/'A" #5+),&'6')*8" 0+" +),86+)2" (+" *&$0>,'" +)8.*&'" +)" >)$" 6$22+8&'" %&'0+(%8(+/+8)'" $." ('**8&'" .>k>&o;" >)" $((+86$",8)<'&6$*8"$),V'")'."CW!EM"+."\Bm"V$"(822+8&)$*8")'..$",$*'28&+$"6'0+>6".>k>&o"P+."Jm"+)"%+@" &+(%'**8"$."CW!BQA" _'." ('**8&'" .8p" ,8(*" V$" %'&)8**$*8" +." C\m" 0'+" *>&+(*+" $" <&8)*'" 0'." CCm" 0'2.+" (*&$)+'&+A" #$" ,8)*&$/+8)'" $))>$.'"-"(*$*$"0'."YB;Cm"%'&"2.+"$&&+G+"'"0'."YB;O"%'&".'"%&'(')/'A"f&')0"$."&+7$((8"$),V'"%'&".'"2&$)0+" (*&>**>&'",8)0+/+8)$*'"0$2.+"'G')*+",.+6$*+,+"',,'/+8)$.+",V'"(+"(8)8"G'&+<+,$*+"$),V'"+)"$.*$"(*$2+8)'A" _'..$"%+,,8.$"&+,'**+G+*S"(8)8"(*$*+"&'2+(*&$*+"+),&'6')*+"0'..5+),86+)2"P(>%'&+8&+"$."!WmQ"6$"%$&'"'(('&(+" ,8)*&$**$".$"0>&$*$"0'+"(822+8&)+"PYHmQA" D)"?>2.+$".$"086$)0$;"2>$&0$)08"$..'"0+)$6+,V'"2.87$.+;"(+"G$"%8.$&+//$)08"G'&(8".5$.*8"P.>k>&oQ"'"G'&(8" <8&6'"0+"&+,'**+G+*S"9*+%+,V':"$),V'"$"7$((8",8(*8A" "
CJ" "
" N.+" (*&$8&0+)$&+" +)0+,$*8&+" 0+" (>,,'((8" )'..$" 4'2+8)'" ?>2.+$;" (+" 6$)+<'(*$)8" (8%&$**>**8" 2&$/+'" $0" >)" ,&'(,')*'" $%%'$." 0'..'" &+(8&('" .8,$.+" (+$" (>." 6'&,$*8" )$/+8)$.'" ,V'" (>" F>'..8" +)*'&)$/+8)$.'A! 3',8)08" .5+)0$2+)'"3nN"-"%$&*+,8.$&6')*'"(+2)+<+,$*+G8"+."&$)j+)2"0'+"<$**8&+"0+"$**&$/+8)'"0'..$"?>2.+$"(>."*>&+(*$A" #$"&'2+8)';"+)<$**+;"(+",8..8,$"$+"G'&*+,+"0'..58<<'&*$"(>"$.,>)+"+6%8&*$)*+"G'**8&+"$**&$**+G+M"-"$."%&+68"%8(*8" %'&" .58<<'&*$" 0+" 686')*+" '0" 'G')*+" *&$0+/+8)$.+"
'"
<8.j.8&+(*+,+;"
)8),Vb"
(%+&+*>$.+^"-"$."(',8)08"%8(*8"%'&".58<<'&*$" ')82$(*&8)86+,$;" '" %'&" .$" G$&+'*S" 0'..'" %&8%8(*'" 0+" (822+8&)8;" G$.>*$*'" $0$**'" $..'" <$6+2.+'" '" ,$%$,+" 0+" >)+&'" F>$.+*S" '" ,8)G')+')/$A"" I)8" 0'+" %&+),+%$.+" $&*'<+,+" 0+" F>'(*8" (>,,'((8" 6'0+$*+,8" -" (')/$" 0>77+8" +." p'7;" ,V'" )'..5+)0>(*&+$" *>&+(*+,$" $((>6'" ('6%&'" %+@" +." &>8.8" 0+" ,$)$.'" %&+G+.'2+$*8" %'&" G'+,8.$&'" .'" (,'.*'" 0'+" G+$22+$*8&+A" #$" ?>2.+$" -" (*$*$" &$,,8)*$*$" (>" fp+**'&" $**&$G'&(8" .5V$(V*$2" sn'1&'+)?>2.+$" ,8)" &+(>.*$*+" (7$.8&0+*+G+M" HAJWWAWWW" 2.+" $,,8>)*" >)+,+" &$22+>)*+;" 8.*&'" !LHAOWWAWWW" +." )>6'&8" 0+" +6%&'((+8)" *8*$.+" 2')'&$*+" 0$+" *p''*" ,8)*')')*+" .5V$(V*$2" )'." CW!E" Pd8)*'" fp''*&'$,VQ;" \\AWWW" .'" <8*8" %8(*$*'" (>" D)(*$2&$6"$0"822+"'"+)<+)'">)"1X["P10G'&*+(+)2"X$.>'"[F>+G$.')*Q"0+"7')"!AOCBAWWW"t"Pd8)*'M"U&$)0([o'Q"$" <&8)*'" 0+" >)" +)G'(*+6')*8" )'..58&0+)'" 0+" %8,V'" 0',+)'" 0+" 6+2.+$+$" 0+" '>&8;" (+" -" +))'(,$*8" +." %$(($%$&8.$" %8(+*+G8"(>..$"0'(*+)$/+8)'A"D)"G+&*@"0+"F>'(*+"&+(>.*$*+;"-"'G+0')*'",86'">)$"(*&$*'2+$"0+"%&868/+8)'"7')" ,$)$.+//$*$"(>."p'7"'0"+)"%$&*+,8.$&'".'2$*$"$+"%&+),+%$.+"(8,+$.")'*p8&j;"(+$"+),&'0+7+.6')*'"G$)*$22+8($" )'."&$%%8&*8",8(*+T7')'<+,+A"" " CL" "
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mQ" ,V'" )'**$" PYC;\m" ,+&,$Q;" ('%%>&" 7$((+;" V$))8" <$**8" &'2+(*&$&'" >)$" .')*$" '" ,8(*$)*'",&'(,+*$"P<8)*'M"c(('&G$*8&+8"&'2+8)$.'"(>."f>&+(68;"CW!CQA" D)">)",8)*'(*8"2')'&$.'",$&$**'&+//$*8"0$."7>8)"$)0$6')*8"0'."('**8&'"*>&+(*+,8"&'2+8)$.';"*'(*+68)+$*8" 0$." ,8)*+)>8" +),&'6')*8" 0'..'" %&'(')/'" *>&+(*+,V'" $.6')8" (+)8" $..5$))8" CW!!;" .58<<'&*$" *>&+(*+,$" )'..'" $&''"&>&$.+"(+"%&'(')*$"822+"7')"0+G'&(+<+,$*$A"1"F>'(*8"%&8%8(+*8;"-">*+.'"'G+0')/+$&'",V'"(>..$"7$('"0'..'" &+.'G$/+8)+" D3f1f;" &+<'&+*'" $..5$))8" CW!W;" &+(>.*$" ,V'" +)" ?>2.+$" (8)8" 0+(%8)+7+.+" ,86%.'((+G$6')*'" )'..'" $&''"&>&$.+"CWHAHOE"%8(*+".'**8"+)"$..822+"*>&+(*+,+",8..'**+G+;"%$&+"$..5LH;\m"0'.")>6'&8"0'+"%8(*+",')(+*+"$" .+G'..8"&'2+8)$.'A""
" K+&,$"u"0'+"%8(*+".'**8"%&'(')*+"+)"&'2+8)'"(8)8".8,$.+//$*+")'..'"$&''"&>&$.+"+)*'&6'0+'"'")'..'"$&''"&>&$.+" ,8)"%&87.'6+",86%.'((+G+"0+"(G+.>%%8;"6')*&'")'..'"$&''"&>&$.+"$0"$2&+,8.*>&$"+)*')(+G$"-"0+(%8)+7+.'"%8,8" %+@"0'."!Cm"0'..58<<'&*$",86%.'((+G$"&'2+8)$.'A" #$" (*&>**>&$" 0'..58<<'&*$" *>&+(*+,$" )'..'" $&''" &>&$.+" (+" ,$&$**'&+//$" %'&" .$" %&'G$.')/$" 0'2.+" '('&,+/+" $.7'&2V+'&+" PLJ;\m" 0'+" %8(*+" .'**8" 0'2.+" $.7'&2V+" %>2.+'(+Q" '" 0'+" ,$6%'22+" '" G+..$22+" *>&+(*+,+" PO\;HmQA" e>'(*'"0>'"(*&>**>&'"&+,'**+G'")'."CW!W"V$))8"6'((8"$"0+(%8(+/+8)'"7')"!JOAEBJ"%8(*+".'**8")'..'"(8.'" $&''"&>&$.+A"D)"F>'(*8",8)*'(*8;"2.+"$..822+"$2&+*>&+(*+,+"&+G'(*8)8")'."(+(*'6$">)"&>8.8"%+@",8)*')>*8;"G+(*8"
CO" "
,V'" 6'**8)8" $" 0+(%8(+/+8)'" JAWWW" %8(*+" .'**8" P)8)8(*$)*'" ,8(*+*>+(,$)8" +." O\;Em" 0+" %8(*+" .'**8" 0'2.+" $2&+*>&+(6+"'(+(*')*+"+)"&'2+8)'QA"
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c(('&G$*8&+8" &'2+8)$.'" (>." *>&+(68;" .'" 6'*'" %&'<'&+*'" 0$+" *>&+(*+" (*&$)+'&+" (+" ,8)<'&6$)8" +." 3$.')*8" '" .$" X$..'" 05D*&+$A" f>**$G+$;" .'" G$&+$/+8)+" %'&,')*>$.+" %+@" +6%8&*$)*+" (+" &'2+(*&$)8" %'&" .'" 0'(*+)$/+8)+" 0+" &',')*'" (,8%'&*$" F>$.+".$"=$2)$"N&',+$;".$"=>&2+$"'".'"N&$G+)'"Pl!Jm"0'2.+"$&&+G+"'"!\;Em"0'..'"%&'(')/'QA"D)"%$&*+,8.$&';" )'." CW!C" .$" 0+(*&+7>/+8)'" 0'+" <.>((+" *>&+(*+,+" G'&(8" .5')*&8*'&&$" '" .$" (,8%'&*$" 0+" 9)>8G'" 0'(*+)$/+8)+:" $..5+)*'&)8"0'..$"&'2+8)'"V$))8"%8&*$*8"$0">)"+),&'6')*8"(+2)+<+,$*+G8"0'2.+"$&&+G+")'+",86>)+"0'..$"X$..'" 05D*&+$" P=$&*+)$" d&$),$;" K'2.+'" ='(($%+,$;" K+(*'&)+)8Q;" 0'..$" =$2)$" N&',+$;" =>&2+$" '" N&$G+)'" PN+)8($;" =$&>22+8"'"K$(*'..$)'*$Q"'"0'."3$.')*8"PI2')*8;"K$(*&+2)$)8"0'."K$%8"'"3$.G'QA" " v" +)*'&'(($)*'" &+.'G$&'" >)" $.*&8" $(%'**8;" *&$(G'&($.'" $" *>**+" +" *'&&+*8&+" &>&$.+" 0'..$" &'2+8)'" '" ,V'" &$%%&'(')*$" >)" '.'6')*8" +6%8&*$)*'" +)" ,V+$G'" 0+" ,&'(,+*$" 0'+" <.>((+" *>&+(*+,+;" &$%%&'(')*$*8" 0$..$" %&'(')/$" 0+" %+,,8.+" 78&2V+A" e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
D)8.*&';"('6%&'"+)",V+$G'"0+"0+G'&(+<+,$/+8)'"0'..'"$**+G+*S"$2&+,8.'"(+"0'G'"&'2+(*&$&'")'2.+">.*+6+"$))+">)$" 6$22+8&'" $**')/+8)'" 0'2.+" 8%'&$*8&+" ',8)86+,+" &'2+8)$.+" G'&(8" .$" ,&'$/+8)'" 0'..'" ,8(+00'**'" <$**8&+'" 0+0$**+,V'" '" 0'..'" <$**8&+'" (8,+$.+A" 1" F>'(*8" &+2>$&08;" 0$." ,')(+6')*8" 1#D=c3;" &+(>.*$)8" $,,&'0+*$*'" )'." CW!!" +)" D*$.+$" CA!BE" <$**8&+'" 0+0$**+,V'" ';" +)" %$&*+,8.$&';" +)" ?>2.+$" (8)8" +)0+G+0>$*'" HH" (*&>**>&'" PB;!m" 0'..5>)+G'&(8" )$/+8)$.'Q;" ,8)" >)" +),&'6')*8" 0+" 7')" .5LBm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j'V8.0'&"%&'(')*+"(>."*'&&+*8&+8;"(+$)8"'((+"(822'**+"%>77.+,+;" %&+G$*+"8"$%%$&*')')*+"$.",8(+00'**8"9%&+G$*8Y(8,+$.':;"'")'..$"$**+G$/+8)'"0+"%'&,8&(+"0+".$G8&8",8)0+G+(+"'" ,8),'&*$*+A" e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
B!" "
! CJDJ!['3*.4'6'*4,!(%##*!($+$*!0,##-+&$,!4,'!3*)%4'!0,#!$,&&'$*&'*!;<:!B0+$'!0,)*.&+I'3'@!.,*.&+I'3'!,!0+$'! ($&%$$%&+#'!0,##,!+6',40,!,!0'($&'N%6'*4,!4,'!7+&'!3*)%4'H! D."*'&&+*8&+8"0'."N1#"=>&2+$"?+@"(+",8),')*&$")'..$"%$&*'"8,,+0')*$.'"0'..$"?&8G+),+$"0+"U$&+"'",86%&')0'" %&'G$.')*'6')*'" +." &+$./8" *'&&$//$*8" 0')86+)$*8" 1.*$" =>&2+$A" #58&0+)'" )$*>&$.'" '" 68&<8.82+,8" 0'..5$67+')*'"
6>&2+$)8"
-"
<8&*'6')*'"
+)*'2&$*8" $0" >)" $(('**8" ,>.*>&$.'" ,8(*&>+*8" '" %.$(6$*8" )'." *'6%8" (>..$" 7$('" 0+" $)*+,V+" %&8,'((+" .$G8&$*+G+A" =$.2&$08" +." %$'($22+8" 0'..51.*$" =>&2+$" (+$" ,8)*+)>$6')*'" (822'**8" $0"
8%'&'"
0+"
*&$(<8&6$/+8)'"
$2&+,8.$;"
.5+6%8(*$/+8)'" )$*>&$.'" 0'." %$'($22+8" &+6$)'" (*$7+.'"'"$>*')*+,$A"" #'"$&''"$7+*$*'"0'."*'&&+*8&+8"(+",8)*&$%%8)28)8"$..$"%+@"G$(*$"$&'$"(*'%%+,$"0'..$"%')+(8.$"+*$.+$)$A"v"0$" (8**8.+)'$&'" ,V'" .'" (*'%%'" 8,,>%$)8" 6')8" 0'." \m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
12&+,8.*>&$"
Y
167+')*'"'"%$'($22+8"
Y
4'*+".8,$.+"05+6%&'($"
Y
4',>%'&8"0'+",')*&+"(*8&+,+"
Y
3+(*'6$"0'..$"&+,'**+G+*S"'"0'+"('&G+/+"0+"<&>+/+8)'"(8,+$.'"'"*>&+(*+,8Y&+,&'$*+G$"
Y
3+(*'6$"0+"$,,'((+7+.+*S"'"<&>+/+8)'"0'+"%'&,8&(+"+)*'&)+"
D)"?>2.+$;"$."!g"2'))$+8"0'."CW!B;".$"%8%8.$/+8)'"&'(+0')*'"$668)*$;",86%.'((+G$6')*'"$",+&,$"E"6+.+8)+" '"\W6+.$">)+*S;"+)",&'(,+*$"&+(%'**8"$..5$))8"%&','0')*';"$),V'"('"(8.8"0+"%8,V'",')*+)$+$"0+">)+*S"P.8"W;C" %'&" 6+..'QA" f&$" .'" %&8G+),'" %>2.+'(+;" &+(%'**8" $..5$))8" %&','0')*';" (+" ('2)$.$" +." ,$.8" 0+" ,+&,$" 6+..'" '" EWW" %'&(8)'" &'2+(*&$*8(+" )'..$" %&8G+),+$" 0+" f$&$)*8" '" .5+),&'6')*8" 0+" ,+&,$" C6+.$" '" \WW" +)" F>'..$" 0+" d822+$A" e>'(*$"(8(*$)/+$.'"(*$7+.+*S;"V$"&+2>$&0$*8"8.*&'",V'".$"?>2.+$;"$),V'"+."='//82+8&)8")'."(>8",86%.'((8;".$" ,>+"%8%8.$/+8)'"V$",8)8(,+>*8">)"$,,&'(,+6')*8"%$&+"$..8"W;J"%'&"6+..'A"" BC" "
D)"&'.$/+8)'"$."*'&&+*8&+8"0'."N1#"=>&2+$"?+@;".$"<8&6$"0+"+)('0+$6')*8"0'..$"%8%8.$/+8)'"(+",$&$**'&+//$;" &+(%'**8"$..$"=>&2+$"3>0Yc&+')*$.'" 8" =>&2+$" 0'+" f&>..+;" %'&" .5$.*+((+6$" F>8*$"0+"%8%8.$/+8)'",V'"G+G'")'+" ,')*&+"$7+*$*+"'".$"(,$&($"0')(+*S"0+" )>,.'+" '" ,$('" (%$&('A" D." *'&&+*8&+8" 0'..51.*$" =>&2+$" &$%%&'(')*$;" 0$" F>'(*8" %>)*8" 0+" G+(*$;" >)" *+%+,8" ,$(8" +)" ,>+;" %'&" &$2+8)+" .'2$*'" $..$" (*&>**>&$"
(8,+8"
',8)86+,$;"
%&80>**+G$"'"0+")$*>&$"(*8&+,8Y,>.*>&$.';".$"%8%8.$/+8)'"(*8&+,$6')*'"&+(+'0'")'+"%&+),+%$.+",')*&+">&7$)+A"" D.",86>)'",8)".$"6$22+8&'"0')(+*S"0'682&$<+,$"-"N&$G+)$"+)"?>2.+$",8)"EBAOHW"$7+*$)*+;"6')*&'".$"6')8" %8%8.8($"-"?822+8&(+)+",8)"!BOJ"$7+*$)*+"P0$*+"D3f1f"$."B!T!CTCW!EQA" "
"""""""""
"
"
""""""""
"
"
!!!!!!!!
!
!
BB" "
1+" <+)+" %&82&$66$*+,+" .$" (*&>**>&$" 0'..$" %8%8.$/+8)'" $**+G$" %'&" ('**8&'" 0+" $**+G+*S" ',8)86+,$" V$" >)$" G$.')/$"$),8&$"6$22+8&'A"v"7')")8*8",V'".$"%&+),+%$.'"$**+G+*S"',8)86+,$"0'..5$&'$"-".5$2&+,8.*>&$;",86'" 0+68(*&$*8"0$+"0$*+"(*8&+,+"'"0$+"&',')*+",')(+6')*+"0'..'",$6'&'"0+",866'&,+8"0+"U$&+"'"U1fA" 1"%$&*'".$",')*&$.+*S"0'..5$2&+,8.*>&$"'"0'."%$(,8.8;".5+)0>(*&+$"'(*&$**+G$"-".5$**+G+*S"%&80>**+G$",V'"%+@"0+" $.*&'"V$;"%'&"+."*'&&+*8&+8;"+6%.+,$/+8)+")8)"*$)*8"0+")$*>&$"',8)86+,$"F>$)*8"%'&".5+6%$**8",V'"'(($"V$" 0$." %>)*8" 0+" G+(*$" $67+')*$.'A" N.+" '<<'**+" ',8)86+,+" 0+" F>'(*$" +)0>(*&+$" (8)8" '(+2>+" %'&" +." 7$((8" G$.8&'" $22+>)*8"0'..$"6$*'&+$"%&+6$A"e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a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a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c2)+" F>$.G8.*$" (+" '($6+)$" +." &$%%8&*8" *&$" .'" <>)/+8)+" $67+')*$.+" '" .'" <>)/+8)+" ',8)86+,V'" 0+" >)5$&'$" *'&&+*8&+$.'" ,+" (+" *&8G$" 0+" <&8)*'" $0" >)5$)*+)86+$" *&$" ,8)('&G$/+8)'" '" >*+.+//8" 0+" &+(8&('" )$*>&$.+" ,V';" +)" *'&6+)+"2')'&$.+"'"+)"%&+6$"+(*$)/$;"('67&$"+)($)$7+.'A"e>$)08;"+)G',';",+"(+",$.$")'2.+"$67+')*+"'<<'**+G+"'" )'2.+" ',8(+(*'6+" (%',+<+,+;" %'&" +" F>$.+" -" )','(($&+8" ,8)(+0'&$&'" .'" %',>.+$&+*S" $67+')*$.+" 0'+" (+)28.+" *'&&+*8&+;"(+",8)(*$*$",V'">*+.+//8"'",8)('&G$/+8)'"0'..'"&+(8&('")$*>&$.+")8)"('6%&'"(8)8"0>'"$.*'&)$*+G'" +)",8)<.+**8A"R$..5$)$.+(+"0'+"%+$)+"%&82&$66$*+,+"0'."N1#"=>&2+$"?+@"'6'&2'",V'".5>*+.+//8",8)($%'G8.'"0'+" (>8.+;".'"7>8)'"%&$*+,V'"$2&+,8.'"'".$"G$.8&+//$/+8)'"0'..'"(%',+'"$>*8,*8)';"&+(>.*$)8"'(('&'",86%8)')*+"
BE" "
('6%&'" %+@" +6%8&*$)*+" %'&" .$" %&868/+8)'" 0'." *>&+(68" &>&$.'" '" %'&" +),&'6')*$&'" .5$**&$**+G+*S" 0'." %$*&+68)+8"')82$(*&8)86+,8".8,$.';"0'2.+"$2&+*>&+(6+"'"0'..58(%+*$.+*S"0+<<>($A"" #Z87+'**+G8"-"F>'..8"0+"2$&$)*+&'"%&8,'((+"0+"(G+.>%%8"(8(*')+7+.'"0'."(+(*'6$"*>&+(*+,8".8,$.'"$**&$G'&(8"+." 6+2.+8&$6')*8" F>$.+*$*+G8" 0'..58<<'&*$" &+,'**+G$" '" .5+)*'2&$/+8)'" 0'..58(%+*$.+*S" 'k*&$Y$.7'&2V+'&$" ,8)" +." %$*&+68)+8" ,>.*>&$.'" '" %$'($22+(*+,8" .8,$.'A"" f$.G8.*$" .$" &+,'**+G+*S" *>&+(*+,$;" ('" )8)" 8%%8&*>)$6')*'" ,8)*&8..$*$;" &$%%&'(')*$" >)" $.*8" &+(,V+8" (8%&$**>**8" %'&" *'&&+*8&+" ,8)" >)5'.'G$*$" G8,$/+8)'" 0+" ,$&$**'&'" $67+')*$.'A"" D."N1#"=>&2+$"?+@"(+"<$"F>+)0+"%&868*8&'"0+">)$"*+%8.82+$"0+"(G+.>%%8",$%$,'"0+"6+2.+8&$&'"+"('&G+/+"*>&+(*+,+" 0'."*'&&+*8&+8"+)"(*&'**$"(+)'&2+$",8)".'"+6%&'('"0'."('**8&'"$2&+,8.8"'",8)"*>**+"2.+"8%'&$*8&+"$**')*+"$0">)$" ,8&&'**$"G$.8&+//$/+8)'"0'..5+0')*+*S".8,$.'A"v"+)"F>'(*58**+,$",V'"G$"+)F>$0&$*$".5$)$.+(+",86%$&$*$"0+">)" ,$6%+8)'"0+"$/+')0'"$2&+,8.'"(+*>$*'")'..$"/8)$"0'."N1#"=>&2+$"?+@A"" !
B\" "
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h"R+G'&(+<+,$/+8)'"+)"$**+G+*S")8)"$2&+,8.';"+),')*+G$/+8)'"$**+G+*S"*>&+(*+,V':" )'..5$67+*8" 0'..$" =+(>&$" B!B" 1/+8)'" \" PD),')*+G$/+8)'" 0+" $**+G+*S" *>&+(*+,V'" h" K&'$/+8)'" 0+" (*&>**>&'" 0+" %+,,8.$" &+,'**+G+*S;" )8)" ,.$((+<+,$*'" ,86'" (*&>**>&'" $.7'&2V+'&'" '0" 8&2$)+//$*'" +)" <8&6'" +))8G$*+G'" 0+" 8(%+*$.+*SQ;" 0'..$" =+(>&$" B!B" 1/+8)'" E" PD),')*+G$/+8)'" 0+" $**+G+*S" *>&+(*+,V'" h" K866'&,+$.+//$/+8)'" '" %&868/+8)'" 0'..58<<'&*$" 0+" *>&+(68" &>&$.'Q" '" 0'..$" =+(>&$" B!!" 1/+8)'" !" PR+G'&(+<+,$/+8)'" +)" $**+G+*S" )8)" $2&+,8.'"h"d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f( 4'f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
BH" "
" """"""""""""""""""""""""""d+2A"CABA!!M"R+(*&+7>/+8)'"0'+"<+)$)/+$6')*+"%'&"6+(>&$"'"%'&",86>)'"
MO8K]"!
CDDJD!
CDCJE!
CDCJG!
""
""
""
""
""
M+4*(+!0'!9%.#'+!
Y"
Y"
ELABJC;LE"t"
ETJC_L@TE!`!
;&+7'4+!'4!9%.#'+!
COWAWWW"t"
!!AEEW"t"
\BHAE\C"t"
TC_JTaL!`!
8'4,&7'4*!8%&.,!
!JLACWH"t"
Y"
BEAEW\;HC"t"
LDLJWDD@WL!`!!
Y"
Y"
HOA!LH"t"
WaJDTW!`!
[%7*!0'!9%.#'+!
J!BABH\;HW"t"
CEAOOO;JW"t"
!O!AWLW;\W"t"
aLaJEEG@TV!`!!
/2'4+66*#+!
JHA\J\;WJ"t"
!HA\HJ;H!"t"
ECAB\H;\W"t"
DCGJEaa@DT!`!!
""
""
""
""
DJLGTJDEW@W_!`!!
GCJVV_@CD!`!!
aLDJTGC@EW!`!!
LJLCCJVV_@EE!`!!
9*..'*&('4'!
!! POP<:^!
POP<:^!
""""""" """"""""""""""""""""""""""d8)*'M")8(*&$"'.$78&$/+8)'"0$"F>'(*+8)$&+"
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mQ" +)" &$%%8&*8" $." EEm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
BL" "
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a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f$.'"(>00+G+(+8)'"-"(*$*$"7$($*$"(>"$.,>)+"+)0+,$*8&+" 0'..$" (+*>$/+8)'" 0'682&$<+,$;" (8,+8Y',8)86+,$" '" 0'+" ('&G+/+" %&+6$&+" 8<<'&*+" $+" ,+**$0+)+A" _'..$" 6$%%$" ('2>')*'"-"(*$*8"0'.+)'$*8"+)"7.>"+.",8)<+)'"0'+",86>)+"$%%$&*')')*+"$."*'&&+*8&+8"0'."N1#"=>&2+$"?+@A""
"
BO" "
R$..$",.$((+<+,$/+8)';"(+")8*$",V'"C",86>)+"PN&$G+)$"+)"?>2.+$"'"=+)'&G+)8"=>&2'Q;"&+(>.*$)8"$%%$&*')'&'" $..$" ,$*'28&+$" 9D)*'&6'0+:;" C" ,86>)+" PK$)8($" 0+" ?>2.+$" '" 4>G8" 0+" ?>2.+$Q" (8)8" +),.>(+" )'..$" ,$*'28&+$" 9K+)*>&':" '" C" ,86>)+" P3%+)$//8.$" '" ?822+8&(+)+Q" &+')*&$)8" *&$" +" 9?'&+<'&+,+:A" D)" 7$('" $" *$.'" (>00+G+(+8)';" (8)8"(*$*+"'(*&$**+"+"0$*+"6'0+"&'.$*+G+"$..58,,>%$/+8)'")'."('**8&'"*>&+(*+,8A"D"&+(>.*$*+"(8)8"68(*&$*+")'..$" ('2>')*'"*$7'..$M"
"
R$..$"G$.>*$/+8)'"0+"F>'(*+"+)0+,$*8&+;"&+(>.*$",V'")'+",86>)+"0+"N&$G+)$"+)"?>2.+$"'"=+)'&G+)8"=>&2';"-" ,$.,8.$*8",V'"6'0+$6')*'"+."E;\C"m"0'2.+"8,,>%$*+;".$G8&$")'."('**8&'"*>&+(*+,8A"?'&"+",86>)+"0+"K$)8($"0+" ?>2.+$"'"4>G8"0+"?>2.+$;"-",$.,8.$*8">)"*$((8"6'0+8"0+"8,,>%$/+8)'")'."('**8&'"*>&+(*+,8"0'."H;HJm"0'2.+" 8,,>%$*+A"_'+"*'&&+*8&+"%+@"%'&+<'&+,+"0+"3%+)$//8.$"'"?822+8&(+)+;"(+",$.,8.$">)$"F>8*$"6'0+$"0+"8,,>%$/+8)'" )'.",86%$&*8"*>&+(*+,8"0'."\;JE"mA"1**&$G'&(8".5$)$.+(+"0'+"0$*+"D?4[3"(>.")>6'&8"0+"$/+')0'"%'&"('**8&'" ,866'&,+$.';" (+" )8*$" ,V'" +." *'&&+*8&+8" 0'." N1#" 0+(%8)'" 0+" EOJ" $**+G+*S" *8*$.+" .'2$*'" $." ('**8&'" *>&+(68A" D." ,86>)'",8)"+."6$22+8&")>6'&8"0+"$**+G+*S",8)"('&G+/+"0+"$..822+8"'"&+(*8&$/+8)';"-"N&$G+)$"+)"?>2.+$A"
"
EW" "
D)"*'&6+)+"0+",&'(,+*$"0'."('**8&'"0'+"('&G+/+"*&$"+."!OOH"'"+."CW!H"P%&'G+(+8)+Q;"-"+)*'&'(($)*'")8*$&'",V'"+." ,86>)'",8)">)$"6$22+8&'"G$&+$/+8)'"%'&,')*>$.'"0+"G$.8&'"$22+>)*8"-"?822+8&(+)+;"0+68(*&$)08"+."<8&*'" +6%'2)8"G'&(8">)$",&'(,+*$"0'.",86%$&*8"$),V'")'+",86>)+"6')8"$,,'((+7+.+A"""
" #$"G$.>*$/+8)'"0'+"F>'(*+8)$&+"(8**8%8(*+"$+"7')'<+,+$&+;"0+68(*&$",V'"+"<+)$)/+$6')*+"0'..$"B!!A!"'"B!BA\" V$))8"2')'&$*8"LB"%8(*+"0+".$G8&8",86%.'((+G+")'.",$6%8"0'..$"&+,'**+G+*S"*>&+(*+,$A"#$"F>8*$"6$22+8&'"0+" >)+*S".$G8&$*+G'"(%'**$"$2.+"$2&+*>&+(6+",8)"EL"%8(*+"0+".$G8&8A"D.",86>)'"+)G','",8)".$"%+@"$.*$"G$&+$/+8)'" 0+"+6%+'2$*+")'."('**8&'"-"4>G8"0+"?>2.+$",8)"BO")>8G'">)+*SA!
" D"0$*+"%+@"&',')*+"(>"(,$.$",86>)$.';"&'.$*+G+"$..$"0+(*&+7>/+8)'"0'+"%8(*+".'**8;"(8)8"<8&)+*+"0$..5D?4[3"P#$" ?>2.+$" +)" ,+<&'" CW!BYCW!EQA" #$" ,$%$,+*S" &+,'**+G$" 0'+" ,86>)+" $%%$&*')')*+" $." *'&&+*8&+8" 0'." N1#" -" (*$*$" (>00+G+($"+)"0>'"6$,&8,$*'28&+'M"&+,'**+G+*S"$.7'&2V+'&$"P$.7'&2V+"\"(*'..'".>((8;"$.7'&2V+"\"(*'..';"$.7'&2V+" E"(*'..';"$.7'&2V+"B"(*'..';"$.7'&2V+"!"(*'..$Q"'"&+,'**+G+*S"'k*&$Y$.7'&2V+'&$"P$<<+**$,$6'&';"$2&+*>&+(6+;"7'0" i"7&'$j<$(*;",$6%'22+;",$('"G$,$)/$;"8(*'..+"0'..$"2+8G')*@;"G+..$22+"*>&+(*+,+QA"#5$)$.+(+"0'+"0$*+"$22&'2$*+" %'&6'**'"0+"8**')'&'">)"F>$0&8",86%.'*8"0'.")>6'&8"0'+"%8(*+".'**8"0+(%8)+7+.+"(>."*'&&+*8&+8"0'."N1#;" (>00+G+(+"%'&"*+%8.82+$"0+"$..822+8"'".8,$.+//$/+8)'"2'82&$<+,$A""
E!" "
" #$" (866$*8&+$" 0'2.+" '('&,+/+" $.7'&2V+'&+" '0" 'k*&$Y$.7'&2V+'&+" %&'(')*+" )'." *'&&+*8&+8" (+" *&$0>,'" +)" >)$" ,$%$,+*S"&+,'**+G$",86%.'((+G$"0+"OLW"%8(*+".'**8A"D.",86>)'",8)".$"6$22+8&'"8<<'&*$"0+"8(%+*$.+*S"-"N&$G+)$" +)" ?>2.+$" ,8)" B\L" %8(*+" .'**8;" ('2>+*8" 0$" 4>G8" 0+" ?>2.+$" ,V'" *>**$G+$" 0'*+')'" +." %&+6$*8" %'&" )>6'&8" ,86%.'((+G8"0+"$**+G+*S"&+,'**+G'"PB!"'('&,+/+"*8*$.+;"CO"'k*&$Y$.7'&2V+'&+"'"C"$.7'&2V+'&+QA"
" #$"*$7'..$"('2>')*'"68(*&$"+)8.*&'".$"0+(*&+7>/+8)'"0'+"%8(*+".'**8"%'&",86>)'"'"%'&"*+%8.82+$"&+,'**+G$A"3+" 'G+),'",V'"+."6$22+8&")>6'&8"0+"%8(*+".'**8"%'&",$*'28&+$"0+"'('&,+/+8"&+,'**+G8"-"$((8,+$*8"$2.+"$.7'&2V+"B" (*'..'" PC\O" %8(*+" .'**8QA" v" +)*'&'(($)*'" )8*$&'" ,86'" .$" ,$*'28&+$" (>,,'((+G$" (+$" &$%%&'(')*$*$" 0$2.+" $2&+*>&+(6+"PCBJ"%8(*+".'**8QA"D.",86>)'",8)".$"6$22+8&'"0+<<'&')/$/+8)'"0+"8(%+*$.+*S"-"N&$G+)$"+)"?>2.+$" ,V'"+)<$**+"&+(>.*$"%&'(')*'"+)"82)+",$*'28&+$"0+"&+,'**+G+*SA"
" #$"&$%%&'(')*$/+8)'"$**>$.'"0'..58<<'&*$"&+,'**+G$"0'."N1#;"-"'(%8(*$"0+"('2>+*8"$),V'"$**&$G'&(8".5$)$.+(+" 0'+"0$*+"0'&+G$)*+"0$+"F>'(*+8)$&+"(8**8%8(*+"$+"7')'<+,+$&+"0'+"<+)$)/+$6')*+"0'..$"B!!A!"'"0'..$"B!BA\A"#'" EC" "
('2>')*+" *$7'..';" 68(*&$)8" .$" F>$)*+<+,$/+8)'" '" .$" 0+(*&+7>/+8)'" (>." *'&&+*8&+8;" 0'+" %8(*+" .'**8" %'&" $2&+*>&+(6+"'"%+,,8.$"&+,'**+G+*S"'k*&$Y$.7'&2V+'&$;"&'$.+//$*+"2&$/+'"$+"(>00'**+"<+)$)/+$6')*+A""
! D"&+(>.*$*+"8**')>*+"0$+"F>'(*+8)$&+",8)<'&6$)8"+"0$*+"D?4[3"(>..'"%&+6'"0>'"%8(+/+8)+"0+"N&$G+)$"+)"?>2.+$"'" 4>G8" 0+" ?>2.+$;" %'&" )>6'&8" 0+" %8(*+" .'**8" 0+(%8)+7+.+A" #'" )>8G'" ,$6'&'" $0+7+*'" $" &+,'**+G+*S" *>&+(*+,$;" &'$.+//$*'" 2&$/+'" $..'" 6+(>&'" B!!A!" '" B!BA\" V$))8" 2')'&$*8" >)" +),&'6')*8" 0+" %8(*+" .'**8" 0'." CB;LL" m" &+(%'**8"$+"0$*+"D?4[3A"" #$"F>$)*+<+,$/+8)'"0'+"<.>((+"*>&+(*+,+"(>."*'&&+*8&+8"0'."N1#"-"7$($*$"(>..5$)$.+(+"0+"$&&+G+"'"%&'(')/'"&+.'G$*+" (>."*'&&+*8&+8A"3+"&+,8&0$",V'".$"0+<<'&')/$"(*$*+(*+,$"0+"*$.+"+)0+,$*8&+;"(+"&+,8)0>,'"$."<$**8",V'".'"%&'(')/'" ,8)*$)8"+"%'&)8**$6')*+"6')*&'"2.+"$&&+G+".'"%'&(8)'"<+(+,V'A"#'"%&'(')/'"&+(>.*$)8"'(('&'"6$22+8&+"0'2.+" $&&+G+"%&8%&+8"+)"G+&*@"0'."<$**8&'"0+"68.*+%.+,$/+8)'"P$&&+G+"68.*+%.+,$*8"%'&"+.")g"0+")8**+QA"#$"G$.>*$/+8)'" 0'2.+" $&&+G+" %'&" ,86>)'" -" 7')" 68(*&$*$" 0$+" 0$*+" <8&)+*+" 0$" ?>2.+$" ?&868/+8)'" )'." CW!E" (>" 7$('" D3f1fA" _'..'"('2>')*+"&$%%&'(')*$/+8)+;"-"(*$*8",+&,8(,&+**8"+)"&8((8"+."*'&&+*8&+8"0'."N1#"$."<+)'"0+"0'<+)+&'",8)" %&',+(+8)'"+.")>6'&8"0+"%'&(8)'"<+(+,V'"&'2+(*&$*'"0$..'"(*&>**>&'"&+,'**+G'"0'."*'&&+*8&+8"0+"&+<'&+6')*8"+)" &$%%8&*8"$2.+"$.*&+",86>)+"0'..$"&'2+8)'"?>2.+$A""
EB" "
"
" K86'" (+" %>a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
,8)"$.*&+",86>)+"0$>)+"'"6>&2+$)+A"D"0$*+"&'.$*+G+"$..5+),86+)2"0$..5'(*'&8"68(*&$*+"0$..$"&+,'&,$"0+"?>2.+$" ?&868/+8)';" (8)8" ,8)<'&6$*+" 0$+" 0$*+" D?4[3A" R+" ('2>+*8" -" %&8%8(*$" >)$" *$7'..$" &+$((>)*+G$" 0'..5$)$.+(+" D?4[3"%'&"$G'&'">)$"0'<+)+/+8)'"(%',+<+,$"0'+"?$'(+"0+"%&8G')+')/$"'"0'..$"%'&6$)')/$"6'0+$"0'+"*>&+(*+" (*&$)+'&+")'+",86>)+"0'."N1#;"0+<<'&')/+$*+"%'&"*+%8.82+$"&+,'**+G$A""
" D",$6%+"'G+0')/+$*+"&$%%&'(')*$)8"+"?$'(+"0+"%&8G')+')/$"%+@"(+2)+<+,$*+G+"%'&".5+),86+)2")'."*'&&+*8&+8"0'." N1#A" D." ?$'('" ,8)" %+@" $&&+G+" '" %&'(')/';" (+$" $.7'&2V+'&'" ,V'" 'k*&$Y$.7'&2V+'&';" -" +)0+(,>*+7+.6')*'" .$" N'&6$)+$;"*>**$G+$"-"+)*'&'(($)*'")8*$&'",V'".5$22&'2$*8"N'&6$)+$"'"d&$),+$;",86%8)'",+&,$"+."ELm"0'2.+" $&&+G+"'"B\m"0'..'"%&'(')/'"%'&"F>$)*8"&+2>$&0$"+."68G+6')*8"*>&+(*+,8"$.7'&2V+'&8"'"+."BBm"P$&&+G+Q"'"+." E\" "
E!m"P%&'(')/'Q"%'&".$"&+,'**+G+*S"'k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f1f"CW!C"$".+G'..8"%&8G+),+$.'A"D)"%$&*+,8.$&'"(8)8"(*$*'",8)(+0'&$*'".'"0>'"%&8G+),+'"0+",86%'*')/$"0'." N1#M" U14D" '" U1fA" _'+" ('2>')*+" '.$78&$*+" 2&$<+,+" -" (+)*'*+//$*8" +." F>$0&8" 0+" &+<'&+6')*8;" (>00+G+(8" %'&" %&8G+),+$;",8)"0+(*+)/+8)'"*&$"$&&+G+"'"%&'(')/'"0+"*>&+(*+"+*$.+$)+"'"(*&$)+'&+;"%'&"82)+"6'('"0'..5$))8A"
EH" "
"
"
"
EJ" "
" I)$"%&+6$",8)(+0'&$/+8)'"&+2>$&0$"+"G$.8&+"$((8.>*+",86%.'((+G+;"+)<$**+"2.+"+6%8&*+"$22&'2$*+"0+68(*&$)8" ,V'" +." *8*$.'" 0'2.+" $&&+G+" )'..$" %&8G+),+$" U1f" PH\\AEJOQ" -" F>$(+" ('+" G8.*'" %+@" $.*8" 0'2.+" $&&+G+" ,86%.'((+G+" 0'..$"%&8G+),+$"0+"U$&+"P!C\AEEHQA"3+*>$/+8)'"8%%8(*$"+)G','"-"F>'..$"0'..'"%&'(')/';"+)<$**+".'"%&'(')/'" ,86%.'((+G'" 0'..$" %&8G+),+$" 0+" U$&+" P!AEHLAWLOQ" (8)8" 8.*&'" \" G8.*'" %+@" )>6'&8('" 0+" F>'..'" 0'..$" U1f" PCLWAOBEQA"D."2&$<+,8"&'.$*+G8"$2.+"$&&+G+")'..$"%&8G+),+$"U1f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f;"0>&$)*'"*>**8".5$))8A"_'.",$(8"0'..$"%&8G+),+$"0+"U$&+;"(+$"+."<.>((8"0+" *>&+(*+" +*$.+$)+;" ,V'" F>'..8" 0'2.+" (*&$)+'&+;" %&'(')*$)8" >)" $)0$6')*8" %+@" .+)'$&';" ,8)" 8(,+..$/+8)+" %+@" ,8)*')>*'"*&$"+"G$&+"6'(+"0'..5$))8A"K86'")'.",$(8"0'..$"%&8G+),+$"U1f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k*&$Y$.7'&2V+'&$A" R+" ('2>+*8" (8)8" &+%8&*$*'"*&'"*$7'..'"&$%%&'(')*$*+G'"0'+"G$.8&+"0+"$&&+G+"'"%&'(')/'"%'&"82)+"7+'))+8A"D"G$.8&+"(+"&+<'&+(,8)8" $..'"('&+'"(*8&+,V'"0'..5D?4[3"(>"7$('"D3f1f;"&'.$*+G'"$."%'&+808"%&'(8"+)",8)(+0'&$/+8)'A""
EL" "
"
EO" "
R+"('2>+*8"-"%&8%8(*8">)"2&$<+,8",V'"(+)*'*+//$".5$)0$6')*8"0+"$&&+G+"'"%&'(')/'"*&$"+."CWWL"'"+."CW!C"%'&"+" ,86>)+"0'."N1#A"#'",>&G'"0'2.+"$&&+G+"'"0'..'"%&'(')/';"68(*&$)8">)"%+,,8")'."CW!W"'">)",$.8")'."CW!C;" ,86>)F>'",$&$**'&+//$*8"0$"G$.8&+"$((8.>*+"6$22+8&+"&+(%'**8"$"F>'..+"0'."CWWLA""
" D." 2&$<+,8" 0+68(*&$" ,V'" *&$" +." CWWL" '" +." CW!W;" 2.+" $&&+G+" (8)8" $>6')*$*+" 0'." lCC;JCm" '" .'" %&'(')/'" 0'." l" !J;LLm^"6')*&'"*&$"+."CW!W"'"+."CW!C"2.+"$&&+G+"V$))8"(>7+*8">)$",8)*&$/+8)'"0'."Y\;\Jm"'".'"%&'(')/'"(+" (8)8"&+08**'"0'."YO;!HmA"#$",8)*&$/+8)'"%&+),+%$.'"*&$"+."CW!W"'"+."CW!C"-",$&$**'&+//$*$"(8%&$**>**8"0$">)$" 0+6+)>/+8)'" 0+" $&&+G+" )'..'" (*&>**>&'" $.7'&2V+'&'" PY\;OBmQ" $" <&8)*'" 0+" >)" .+'G'" ,$.8" +)" F>'..'" 'k*&$Y $.7'&2V+'&'" PYW;JCmQ" ,V'" +)" G$.8&+" $((8.>*+" (8)8" &+6$(*'" (8(*$)/+$.6')*'" ,8(*$)*+" &+(%'**8" $." 7+'))+8" %&','0')*'A" #$" &+0>/+8)'" 0+" $&&+G+" )'." ('**8&'" $.7'&2V+'&8;" V$" ,$>($*8" >)$" )8*'G8.'" ,8)*&$/+8)'" 0'." )>6'&8"*8*$.'"0+"%'&)8**$6')*+;"PYL;\Cm"0+"%&'(')/'"*&$"+."CW!W"'"+."CW!CQA"" I)5$)$.+(+",V'"%8(($"&$%%&'(')*$&'"+)"6+(>&$"&'$.+(*+,$".5'<<'**+G$"(+*>$/+8)'"0'."6'&,$*8"*>&+(*+,8".8,$.';" 0'G'"*')'&",8)*8"0+"*>**8",+a",V'"(<>22'"$..'"(*$*+(*+,V'"><<+,+$.+A"_'.",86%$&*8"*>&+(*+,8;".$"G$.>*$/+8)'" 0'..5',8)86+$"(866'&($"V$">)"%'(8")8)"+)0+<<'&')*'"(8%&$**>**8"$",$>($"0+"$<<+**8"0'..'"(',8)0'",$(';" 0$2.+" $<<+**$Y,$6'&'" ';" <+)$),V';" 0$..'" (*'(('" P(%'((8" %+,,8.'Q" (*&>**>&'" ,V'" *')08)8" $" 9)$(,8)0'&':" $." <+(,8">)$"%'&,')*>$.'"0'..$"%&8%&+$",.+')*'.$A"#5'(+(*')/$"0+">)$",8)(+0'&'G8.'"F>8*$"0+"*>&+(68"&'2+8)$.'" 9+)G+(+7+.':"-"$),V'"0+,V+$&$*$"0$"?>2.+$%&868/+8)';",V'"+)">)8"(*>0+8"0'..$"='&,>&o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
,8)" C;!!E" 6+.+8)+;" (+" ,8..8,$" +)" 7$('" $..8" (*>0+8" ='&,>&o;" &'2+)$" 0'..'" %&'(')/'" *>&+(*+,V'" (866'&('A" D." %&+68" 0$*8" &$,,8.*8" -" F>'..8" &'.$*+G8" $." 68G+6')*8" 0'..'" %&'(')/'" )'..'" .8,$.+*S" %>2.+'(+" '" ,86%&')0'" *>**8" +." 68G+6')*8" 0+" G+(+*$*8&+;" (+$" F>'..+" ,V'" %'&)8**$)8" '" (8)8" *>&+(*+;" (+$" 0'2.+" '(,>&(+8)+(*+" 'T8" %')08.$&+A" c2)+" ,86>)'" -" (*$*8" $)$.+*+,$6')*'" ,8)(+0'&$*8" +)" 7$('" $..$" (>$" %8(+/+8)'" 2'82&$<+,$;" $..$" G+,+)$)/$"$+"2&$)0+"$22&'2$*+">&7$)+;"$..5',8)86+$".8,$.'"'"$..5'G8.>/+8)'"0'682&$<+,$A"
" #$"0+<<'&')/$"*&$".'"%&'(')/'"><<+,+$.+"'".$"(*+6$"0+"F>'..'")8)"&+.'G$*';"*'(*+68)+$",V'".$"%&8G+),+$",8)"+." %+@" $.*8" 68.*+%.+,$*8&'" 0+" %&'(')/'" (866'&('" -" .$" U1fA" _'..$" %&','0')*'" *$7'..$" (8)8" 'G+0')/+$*'" .'" %&8G+),+'"0+",86%'*')/$"0'."N1#A"1"<&8)*'"0+"F>'(*8"(*$*8"0'..5$&*'"-"('67&$*8"+)*'&'(($)*'"&+.'G$&'"+." 0+G'&(8"%'(8"0'..'"%&'(')/'"(*+6$*'"&+(%'**8"$"F>'..'"&+.'G$*'"0$..'"(*$*+(*+,V'"><<+,+$.+"$".+G'..8"0+"(+)28.$" %&8G+),+$A" d+2A"CABABHM"e>8*'"0+"%&'(')/'"><<+,+$.+"'"0+"%&'(')/'"$22+>)*+G'")8)"&+.'G$*'"&+(%'**8"$."*8*$.'"(*+6$*8")'..'"%&8G+),'"U14D"'"U1fA"1))8"CW!!"
""""""""""""""""""""""""""""""""
""""
"
" K86'"(+")8*$"0$+"2&$<+,+"%&','0')*+;",8)(+0'&$)08".'"%&'(')/'"(*+6$*';"(+$".$"%&8G+),+$"0+"U$&+",V'".$"U1f;" $G&'77'&8" >)" %'(8" 6$22+8&'" $" .+G'..8" &'2+8)$.'" (>." )>6'&8" 0+" %&'(')/'" ,86%.'((+G'A" I)" $.*&8" 0$*8" \!" "
(+2)+<+,$*+G8"&+2>$&0$".$"&+0+(*&+7>/+8)'"0'..'"F>8*'"0+"%&'(')/'"%'&"*+%8.82+$"0+"*>&+(68;"+)<$**+"+."*>&+(68" 7$.)'$&'"-"F>'..8"+)",>+"+."<')86')8"0'."(866'&(8"-"%$&*+,8.$&6')*'"<8&*'A"D)",8)(+0'&$/+8)'"0+"F>'(*8" <$**8;".'"%'&,')*>$.+"0+"G+(+*$*8&+"%'&"*+%8.82+$"*>&+(*+,$"(>7+(,8)8">)$",8)(+(*')*'"G$&+$/+8)'")'..5$)$.+(+" 0'..'"%&'(')/'"(866'&('A"
" 3+" (*+6$" ,V'" .'" %&'(')/'" )'..'" 0'(*+)$/+8)+" 7$.)'$&+" (+$)8" +." J!;\m" 0'." *8*$.';" F>'..'" 0'..'" ,+**S" 0+" +)*'&'(('" (*8&+,8" '0" $&*+(*+,8" '" 05$<<$&+;" .5!!ABm" '" F>'..'" 0'..'" 0'(*+)$/+8)+" *'&6$.+" .5!;OmA" D." &'(*$)*'" !\;Bm"-"0+<<>(8")'..'"(*&>**>&'",')(+*'"'"+)"F>'..'")8)",')(+*'"(>"*>**8"+."*'&&+*8&+8"&'2+8)$.';",86%&'('" $),V'"$.,>)'"0'(*+)$/+8)+"0'..5')*&8*'&&$")8)"0+(*$)*+"0$.".+*8&$.'A"?'&"$)$.+//$&'".8"(,')$&+8"0+"0'**$2.+8" &'.$*+G8"$."*'&&+*8&+8"0'."N1#;"(8)8"0+"('2>+*8"%&'(')*$*'".'"6$%%'"0+"+),+0')/$"0'..'"%&'(')/'"(*+6$*'"(>+" (+)28.+"*'&&+*8&+",86>)$.+A""
"
\C" "
" _'+" 2&$<+,+" %&','0')*+;" +." %'&+6'*&8" +)" &8((8" 0'.+)'$" +." *'&&+*8&+8" 0'+" ('+" ,86>)+" $%%$&*')')*+" $." N1#A" D." %&+68" %&8(%'**8" 68(*&$" +." %'(8" ,V'" $((>6'" +." <')86')8" 0'." (866'&(8" +)" ,+$(,>)" ,86>)'A" f&$" +" H" ,86>)+" %&'(+" +)" '($6';" F>'..8" ,8)" >)$" 6$22+8&'" ,8),')*&$/+8)'" 0+" %&'(')/'" (866'&('" -" ?822+8&(+)+" Pw!WWQ"('2>+*8"0$"4>G8"0+"?>2.+$"P*&$"\W"'"OOQ"'"0$"N&$G+)$"+)"?>2.+$"P*&$"BW"'"EOQA"_'."(',8)08"(,')$&+8" +)G',';" .'" %&'(')/'" *>&+(*+,V'" (*+6$*';" (8)8" &$%%8&*$*'" $..$" %8%8.$/+8)'" &'(+0')*'A" D)" *$." ,$(8" 4>G8" 0+" ?>2.+$"-"+.",86>)'",8)"6$22+8&'",8),')*&$/+8)'"P*&$"BW"'"!WWQ"('2>+*8"0$"N&$G+)$"+)"?>2.+$"P*&$"!W"'"COQA" d8,>("(>."*>&+(68")$*>&$" #5+)0>(*&+$"*>&+(*+,$"-">)"('**8&'"$.*$6')*'",8)0+/+8)$*8"0$2.+"$GG')+6')*+"2'8Y%8.+*+,+"'"0$..'"0+)$6+,V'" +)*'&)$/+8)$.+;" %'&*$)*8" -" )','(($&+8" '" %&+8&+*$&+8" 8(('&G$&'" ,8)" $**')/+8)'" ,+a" ,V'" $,,$0'" $" .+G'..8" 2.87$.'A" I)8" 0'+" 0$*+" %&+),+%$.+" &+2>$&0$" 2.+" +)G'(*+6')*+" 0+" ('**8&';" +)" ,8(*$)*'" $>6')*8" 2&$/+'" $..$" 6$22+8&'"687+.*S"+)*'&)$/+8)$.';"+)<$**+"(',8)08"+."nffK"Pn8&.0"f&$G'."$)0"f8>&+(6"K8>),+.Q;")'."CW!E"(+" (8)8" &+(,8)*&$*+" !;!" 6+.+$&0+" 0+" $&&+G+" *>&+(*+,+" +)*'&)$/+8)$.+" )'." =8)08" ,8)" >)" +),&'6')*8" 0'." lE;Jm" &+(%'**8"$..5$))8"%&','0')*'"P\!"6+.+8)+"+)"%+@"&+(%'**8"$."CW!BQA"_'."CW!E"+."*>&+(68"V$"&$%%&'(')*$*8"+." Om" 0'." ?D#" 68)0+$.'" P,8)*&+7>*8" 0+&'**8" '" +)0+&'**8Q" '" +." Hm" 0'..5'k%8&*" 68)0+$.'A" ?'&" +." CWBW" (8)8" %&'G+(*+"!;L"6+.+$&0+"0+"*>&+(*+"+)*'&)$/+8)$.+;",8)<'&6$)08">)"*&')0"+)",8(*$)*'",&'(,+*$"$".+G'..8"2.87$.'A""
\B" "
" #$" (+*>$/+8)'" 0'..$" ?>2.+$;" ,8)<'&6$" %+@" 0+" 82)+" $.*&$" &'2+8)'" +*$.+$)$" ,+a" ,V'" $,,$0'" $" .+G'..8" +)*'&)$/+8)$.';" +)" %$&*+,8.$&'" (>..5+),86+)2;" ('**8&'" +)" ,>+" +." 0+G$&+8" 0+" %&'(')/'" *>&+(*+,V'" &+(%'**8" $..5$)0$6')*8")$/+8)$.'"-"%$&*+,8.$&6')*'"(+2)+<+,$*+G8A"
" K8)(+0'&$)08".$")8*'G8.'"'(%8(+/+8)'"0'..$"?>2.+$"(>."6'&,$*8"+)*'&)$/+8)$.';"-">*+.'"+)0+G+0>$&'"+."*$&2'*" 0+" *>&+(*+" %+@" $0'2>$*8" $..'" ,$&$**'&+(*+,V'" 0'." *'&&+*8&+8" 0'." N1#" =>&2+$" ?+@;" $**&$G'&(8" >)$" ,8)(+0'&$/+8)'"0+",86'"(8)8",$67+$*'")'2.+">.*+6+"$))+".'".'G'"0'..$"086$)0$"*>&+(*+,$"&'.$*+G'"$.")8(*&8" *'&&+*8&+8A"
"
\E" "
#5$)$.+(+" 0'+" %&808**+" '" 0'+" *'6$*+(6+" 0+" *>&+(68" +)" ?>2.+$;" 0+68(*&$" ,V'" *&$" +." CWWJ" '" +." CW!C;" $%%$&*'" .5'.'G$*$" +),+0')/$" 0'." *>&+(68" 7$.)'$&';" &+(>.*$)8" +)" ,&'(,+*$" +." *>&+(68" ,>.*>&$.'" '" +." *>&+(68" )$*>&$.+(*+,8A" [((')08" +." *'&&+*8&+8" 0'." N1#" F>$(+" ,86%.'*$6')*'" +),.>(8" )'." ?$&,8" _$/+8)$.'" 0'..51.*$" =>&2+$;"0+G')*$"+)0+(%')($7+.'">)"$,,'))8"(>..5$)0$6')*8"0'."*>&+(68")'..'"$&''"%&8*'**'A"K86'"(+"%>a" )8*$&'" 0$." ('2>')*'" 2&$<+,8;" .'" %&'(')/'" *8*$.+" )'..'" (*&>**>&'" &+,'**+G'" +),.>('" +)" $&''" %&8*'**'" (8)8" $((8,+$*'"$0">)")8*'G8.'"*&')0"0+",&'(,+*$"(+)"0$."CWWJA"" "
" f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xDD" 4$%%8&*8" [,8*8>&" (>." *>&+(68")$*>&$A""
"
\\" "
v" 'G+0')*'" ,V'" +" ?$&,V+" _$/+8)$.+" %+@" $**+G+" )'." ,$6%8" 0'." *>&+(68" 0+" $GG')*>&$" '" (%8&*" V$))8" >)$" 6$22+8&'" $**&$**+G+*S;" +),&'6')*$)08" 2.+" $&&+G+" '" .'" %&'(')/'" '" 8<<&')08" >)" +6%8&*$)*'" (>%%8&*8" $..$" 0'(*$2+8)$.+//$/+8)'"*>&+(*+,$A"1),V'"%'&"F>$)*8"&+2>$&0$"+"*&')0"%8(+*+G+"0'."*>&+(68"$GG')*>&$"l")$*>&$;" )8)" (+" %$&.$" (8.8" 0+" >)$" 0+)$6+,$" )$/+8)$.'" 6$" 0+" %&',+('" 'G8.>/+8)+" 0'..$" 086$)0$" *>&+(*+,$" +)*'&)$/+8)$.';" +)<$**+" .5:10G')*>&'" f8>&+(6" =$&j'*" (*>0o" CW!B:" %&868((8" 0$..$" N'8&2'" n$(V+)2*8)" I)+G'&(+*o"V$"$)$.+//$*8".'"*&'"$&''"0'."%+$)'*$",V'"2')'&$)8"+."JWm"0'+"<.>((+"*>&+(*+,+"68)0+$.+")'.",$6%8" 0'."*>&+(68"_$*>&'T10G')*>&'A"#8"(*>0+8"V$"+)0+G+0>$*8".'"$**+G+*S"%&'G$.')*'6')*'"&+,V+'(*'"0$."*$&2'*" 0+" &+<'&+6')*8;" 'G+0')/+$)08" 2.+" +),&'6')*+" 0+" <$**>&$*8" *&$" +." CWWO" '" +." CW!C" 0$" %$&*'" 0'+" ?$&,V+" ,V'" 8<<&8)8"*$.+"('&G+/+A"
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mQ"'"0+%.86$*+"PEOmQ;"0+"2+8G$)+",8%%+'"'"<$6+2.+'">)0'&"HW"P\CmQ;",8)">)$",$%$,+*S"0+"(%'($" 6'0+$"PELmQ"'"$.*$"P!HmQ"'"('6%&'"%+@"+)*'&'(($*$"$..'")>8G'"$**+G+*S"(%8&*+G'"%+@"+)"G82$;",86'"+."7+j+)2" ,V'" (+" ,8)<'&6$" %'&" +." (',8)08" &+.'G$6')*8" ,8)(',>*+G8" +." G'&8" *&$+)8" 0'." ('**8&'" PCOmQ;" ('2>+*8" 0$" *&'jj+)2" PC\mQ;" '(,>&(+8)+(68" PCEmQ;" (,+" P!C" %'&" ,')*8Q;" $)+6$." p$*,V+)2" PLmQ" '0" $.*&+" (%8&*A" D." ,8)(8.+0$6')*8"0'."('**8&'"-"0+68(*&$*8"$),V'"0$..$"%'&6$)')/$"6'0+$"0'+"*>&+(*+M")'."CW!E"-",&'(,+>*8" +.")>6'&8"0+"p''j')0"P0$."CE"$."CH"mQ;"0+"p''j')0".>)2V+"P0$."!C"$."B!"mQ"'"0+"G$,$)/'"('**+6$)$.+"P0$."!W" \H" "
$." !B" mQ" $" 0+(,$%+*8" 0'..'" 2+*'" 968&0+" '" <>22+:" +)" 2+8&)$*$;" (,'('" 0$." EJ" $." BB" mA" v" +)8.*&'" ,&'(,+>*8" +." )>6'&8"0'+"*>&+(*+"%&8G')+')*+"0$"<>8&+"&'2+8)'M"('")'."CW!W"+."\C;Jm"0'+"*>&+(*+"'&$"0+"$&'$"&'2+8)$.'"'0"+." CO;Jm"%&8G')+G$"0$"$.*&'"&'2+8)+;")'."CW!E".'"%'&,')*>$.+"(+"(8)8"$GG+,+)$*'"(')(+7+.6')*';",8)"+."EHm"0+" %&8G')+')/$"0$..'"/8)'".+6+*&8<'"'"+."BJm"0$"*'&&+*8&+"8.*&'"+",8)<+)+"&'2+8)$.+A"" "
" N.+" $)0$6')*+" *>&+(*+,+" 0'." *'&&+*8&+8" 0'." N1#" =>&2+$" ?+@;" (8)8" <8&*'6')*'" 0+%')0')*+" 0$..$" ,$%$,+*S" 0+" %&'0+(%8&&'"8%%8&*>)'"$/+8)+"+)*'2&$*'"0+"%&868/+8)'"'"<&>+/+8)'"0+"B"0'+"%&+),+%$.+"$**&$**8&+"&'2+8)$.+" 0'."*>&+(68"9+"%-/#":M"')82$(*&8)86+$;"$&*'"'",>.*>&$;"(%8&*"'")$*>&$A"
" D."%&+),+%$.'"680'..8"0+"28G'&)$),'",$%$,'"0+"*&$+)$&'">)8"(G+.>%%8"*>&+(*+,8",86%$*+7+.'",8)"+"(>00'**+" $**&$**8&+;" -" F>'..8" 0'." *>&+(68" (8(*')+7+.';" 2&$/+'" $." F>$.'" +" <$**>&$*+" 0'..'" +6%&'('" 8%'&$)*+" +)" ,$6%8"
\J" "
*>&+(*+,8"(8)8"+)08**+"0$">)$"%&',+($"6'*808.82+$"0+"G+(+8)'"'"%&868/+8)'"0'."*'&&+*8&+8;"(8(*$)/+$.6')*'" 0+G'&($"0$+",.$((+,+"(,V'6+"0'..5+)0>(*&+$"*>&+(*+,$"*&$0+/+8)$.'A"
" " =+(>&$"B!!"h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
+6%8&*8"
0+"
!AC\LA!EH;HJ"
tJ"
#5$<<+0$6')*8" 0+" <+)$)/+$6')*+" %'&" .$" =+(>&$" B!!" 1/+8)'" !" V$" ,8+)G8.*8" !C" 7')'<+,+$&+;" 0+" ,>+" J" .8,$.+//$*+" $" 4>G8" 0+" ?>2.+$;" !" $" 3%+)$//8.$;" C" $" N&$G+)$" +)" ?>2.+$" '" C" $" =+)'&G+)8" =>&2'A" #'" $**+G+*S" %&+6$&+'"
%&'G$.')*+"
0'+"
(822'**+"
\L" "
7')'<+,+$&+" (8)8" F>'..'" &'.$*+G$" 0'." ('**8&'" ,'&'$.+,8.8;" +)<$**+" .5$)$.+(+" 0'." 31I" P3>%'&<+,+'" 12&+,8.$" I*+.+//$*$Q"68(*&$",V+$&$6')*'">)$")'**$"%&'G$.')/$"0+",$6%+"+6%+'2$*+")'."('6+)$*+G8"P\!!;WL"y$QA"" #$" 0+(*&+7>/+8)'" 2'82&$<+,$" 0'+" !C" %&82'**+" $%%&8G$*+" &'.$*+G+" $..$" 6+(>&$" B!!A!;" 'G+0')/+$" >)$" <8&*'" ,8),')*&$/+8)'" )'." *'&&+*8&+8" 0+" 4>G8" 0+" ?>2.+$" PJ" %&82'**+" $66'((+" $" <+)$)/+$6')*8" %'&" >)" +6%8&*8" *8*$.'"0+"J!BABH\;HW"tQ;"('2>+*8"0$"N&$G+)$" +)" ?>2.+$" PCOWAWWW" tQ" '" =+)'&G+)8" =>&2'" P!JLACWH" tQ;" ')*&$67+" ,8)" C" %&82'**+" $%%&8G$*+A" D)" &'.$/+8)'" $..5822'**8" 0'." <+)$)/+$6')*8" P0+G'&(+<+,$/+8)'" +)" $**+G+*S" )8)" $2&+,8.'" h" d8&)+*>&$" 0+" 8(%+*$.+*S" $2&+*>&+(*+,$" +)" ,8)*'(*8" $/+')0$.'Q" -" 0$" )8*$&'" ,V'" 3%+)$//8.$" P!" %&82'**8" $%%&8G$*8"0$"JHA\J\;WJ"t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
,86'"
>)$"
6+2.+8&'" 0+G'&(+<+,$/+8)'" +)"$**+G+*S")8)"$2&+,8.'"P0$" %$&*'" 0'..'" $/+')0'" +G+" .8,$.+//$*'Q" 6$22+8&'"
'" <8&)+*>&$"
>)$" 0+"
8(%+*$.+*S" $2&+*>&+(*+,$" +)" F>'(*+" ,86>)+;" %8*&'77'" &')0'&'"
$),8&$"
%+@"
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
\O" "
R$..5$)$.+(+" 0'+" 0$*+" &+(>.*$" ,V'" *&$" .'" ,$*'28&+'" 0+" $..822+8" +)0+,$*'" )'." F>'(*+8)$&+8" P,$6'&'" ,8)" 7$2)+" %&+G$*+;",$6'&'",8)"7$2)+",8)0+G+(+;"$..822+",8)",>,+)$;"$.*&8Q;".$"*8*$.+*S"0'+"7')'<+,+$&+",V'"V$">*+.+//$*8"+" <+)$)/+$6')*+" %'&" '0+<+,$&'" 8" &',>%'&$&'" $..822+" %'&" *>&+(*+;" V$" (,'.*8" .$" <8&6>.$" 0'..'",$6'&'",8)"7$2)8A"" e>'(*$"
(8.>/+8)'"
%'&<'**$6')*'" 086$)0$"
.'"
+)<$**+"
&+(%',,V+$"
*')0')/'"
*>&+(*+,$"
0'..$"
%>2.+'(';"
%&'G$.')*'6')*'"8&+')*$*$"$"(+(*'6$/+8)+" 0+" F>'(*8" *+%8A" K5-" >)$" %8&/+8)'" 0'..$" 086$)0$"*>&+(*+,$",V'"+)"?>2.+$"(,'2.+'"2.+" $..822+"%&+G$*+",8)",>,+)$;"6$"F>'(*8"*+%8" 0+" ,.+')*'.$" -" (8(*$)/+$.6')*'" .'2$*$" $." *>&+(68"'(*+G8"'"6$&+**+68A"D"&+(>.*$*+"0'..5+)0$2+)';"+)0+,$)8",V'"*>**+"+"%&82'**+"$66'((+"$"<+)$)/+$6')*8" V$))8" 2')'&$*8" OH" %8(*+" .'**8A" f&$" +" !C" 8%'&$*8&+;" F>$(+" *>**+" PJ\mQ" (8)8" $**&'//$*+" %'&" 8<<&+&'" %$(*+" ,86%.'*+;"0$..$",8.$/+8)'"$..$",')$;"+."&'(*$)*'"C\m"0+(%8)'"(8.8"0+"($.'"0'2>(*$/+8)'A"D."\Lm"0'+"(822'**+" +)*'&G+(*$*+" +)8.*&'" 0+,V+$&$" 0+" %&'(*$&'" 68.*$" $**')/+8)'" $),V'" $" &+,V+'(*'" (%',+<+,V'" 0'..$" ,.+')*'.$;" $**&$G'&(8"6')>"(%',+$.+"%'&"+)*8..'&$)*+;"G'2'*$&+$)+;"',,A"f>**'".'"(*&>**>&'"(8)8"$,,'((+7+.+"$"%'&(8)'" ,8)"0+($7+.+*S"<+(+,V'"'"+."\Wm"0'..'"(*'(('"-"7')"%&'0+(%8(*$"$..5$,,82.+')/$"0+"$)+6$.+"086'(*+,+A"f&$"+"!C" (822'**+"
,V'"
8<<&8)8"
8(%+*$.+*S;"+."OWm"0+,V+$&$">)$" <$(,+$" 0+" %&'//8" 6'0+$" $" %'&(8)$" %'&" +." ('&G+/+8" 0+" %'&)8**$6')*8" '" ,8.$/+8)';" 8(,+..$)*'" *&$" +" C\" '" +" \W" t" $" (',8)0$" 0'..$" (*$2+8)$.+*SA" 38.8" +." !Wm" V$" >)" .+G'..8" 0+" F>8*$/+8)+" $%%$&*')')*'" $." ('26')*8"\WYJ\"tA"" e>'(*8"
,8..8,$"
.58<<'&*$"
&+,'**+G$"0+"&+<'&+6')*8"+)">)$" %8(+/+8)'" 0+" 6'&,$*8" 0+" .+G'..8" 6'0+8" ,8)" .$" *')0')/$" $." .8p" ,8(*A" K5-" 0$" (8**8.+)'$&'" $" &+2>$&08" ,V';" ,86'" 0+(,>((8" +)" %&','0')/$;" .$" 086$)0$" 0+" *>&+(68" %>2.+'('" (+" (*$" 8&+')*$)08" ('6%&'" %+@" G'&(8" +." ('**8&'" 0+" .>((8" ,8)" ('&G+/+" 0+" F>$.+*S" '" $67+')*+" &+,'&,$*+A" e>'(*$" ,8)(+0'&$/+8)'" 08G&'77'" (%+)2'&'" HW" "
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a" G'0'&'" 0$..$" <+2>&$" CABA\E;" 68.*+" 0'+" 7')'<+,+$&+" V$))8" $0'&+*8" $0" +)+/+$*+G'" 0+" (8(*')+7+.+*S" $67+')*$.'" '" V$))8" 8**')>*8" ,'&*+<+,$/+8)+" 0+" F>$.+*S" 0'+" %&808**+A" f&$"+"<''07$,j"0'(,&+**+G+"&+,'G>*+"0$2.+"+)*'&G+(*$*+;",5-"0$"6')/+8)$&'".58**+68"&$%%8&*8",8)"+."N1#",V'"(+" -"0+68(*&$*8"0+(%8)+7+.'"'"%&8)*8")'..'"&+(%8(*';"F>$.,V'"&+*$&08"08G>*8"$..'"%&$*+,V'"7>&8,&$*+,V'"'"$..'" $>*8&+//$/+8)+"0$"%$&*'"0'..5[)*'"?$&,8"0'..51.*$"=>&2+$"'"(8%&$**>**8".$"(800+(<$/+8)'",8..'**+G$"%'&"$G'&" &',>%'&$*8"'0+<+,+"0+"G$.8&'"(*8&+,8"&+,8)G'&*')08.+"$"<+)+"*>&+(*+,+A" " =+(>&$"B!B"h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tA" #5$<<+0$6')*8"0+"<+)$)/+$6')*+"%'&".$"=+(>&$"B!B"1/+8)'"E"V$",8+)G8.*8"B"7')'<+,+$&+;"0+",>+"!"$"3%+)$//8.$" P!HA\HJ;HW"tQ;"!"$"4>G8"0+"?>2.+$"PCEAOOO;JW"tQ"'"!"$"N&$G+)$"+)"?>2.+$"P!!AEEW"t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b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
,86%'*+*+G+*S" 0'." %&8%&+8" *'&&+*8&+8" ,86'" 6'*$" %&+G+.'2+$*$" 0+" *>&+(68" &>&$.'A" D." ?3#" 9?+@" )$*>&$" ?+@" ,>.*>&$:"V$"2$&$)*+*8"F>+)0+">)"6+k"0+"$/+8)+"0'(*+)$*'"$"(>%%8&*$&'".'"$/+')0'".8,$.+"8%'&$)*+")'..5$67+*8" 0'." *>&+(68" &>&$.'A" #$" =+(>&$" B!BAE" +)" %$&*+,8.$&';" V$" %'&6'((8" 0+" (*+68.$&'" .5+),8)*&8" *&$" 086$)0$" '" 8<<'&*$" %'&" (>%%8&*$&'" .8" (G+.>%%8" ',8)86+,8" 0'2.+" (*$j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p'7" ,86'" %&+),+%$.'" ,$)$.'" 0+" %&868/+8)'" '" ,866'&,+$.+//$/+8)'" 0'+" ('&G+/+" 8<<'&*+A" D" %&82'**+" $66'((+;" (8)8" 0'(*+)$*+" $" (%',+<+,+" *$&2'*" 0+" >*')/$;" &$%%&'(')*$*+" 0$" G+(+*$*8&+" +)*'&'(($*+" $..5')82$(*&8)86+$" '" 0$" *>&+(*+" 8&+')*$*+" $..5'(,>&(+8)+(68" '" $+" *'6+" $67+')*$.+A" #8" (G+.>%%8" 0+" $**+G+*S" ,8)*+)2')*+" $..$" %&868/+8)'" *'&&+*8&+$.'" V$" +)8.*&'" +))'(,$*8" .5'(+2')/$" 0+" $((>6'&'" %'&(8)$.'" 2+8G$)'" ,8)",86%'*')/'"(%',+<+,V'"0+"6$&j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f&$" .'" ,&+*+,+*S"'6'&(';"$),V'"+)"F>'(*8",$(8;"(+"'G+0')/+$".$")8)"<$,+.'"2'(*+8)'"0'..'"%&$*+,V'"7>&8,&$*+,V'"'" 0'..'"*'6%+(*+,V'"0$"&+(%'**$&'A"" " =+(>&$"B!B"h"1/+8)'"\" #5$/+8)'" \" %&'G'0'" .$" &+F>$.+<+,$/+8)'" '" .5$0'2>$6')*8" 0+" +6687+.+;" )8),Vb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
D."<+)$)/+$6')*8",86%.'((+G8"0+"*$.'"$**+G+*S",8&&+(%8)0'"$0">)"+6%8&*8",8),'((8"0+"OC!AL\B;EH!tA" #$",8),'((+8)'"0'+"<+)$)/+$6')*+"%'&".$"=+(>&$"B!B"1/+8)'"\"V$",8+)G8.*8"!L"7')'<+,+$&+"0+(*&+7>+*+"+)"*>**+" +" ,86>)+" 0'." N1#A" D" %&82'**+" $%%&8G$*+" (8)8" ,8(`" (>00+G+(+" *&$" +" ,86>)+" 0+" &+<'&+6')*8M" !W" $" N&$G+)$" +)" ?>2.+$"P\BHAE\C"tQ;"E"$"4>G8"0+"?>2.+$"P!O!AWLW;\W" tQ;"!"$"K$)8($"0+"?>2.+$"PELABJC;LE"tQ;"!"$"?822+8&(+)+" PHOA!LH"tQ;"!"$"3%+)$//8.$"PECAB\H;\W"tQ"'"!"$"=+)'&G+)8"=>&2'"PBEAEW\;HC"tQA"" f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
\"
PK&'$/+8)'" 0+" %+,,8.$" &+,'**+G+*S;"
)8)"
,.$((+<+,$*'"
,86'"
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
$GG+$&'"
,88&0+)$6')*8"
0'..'"
%&8,'((+" (*&>**>&'"
0+"
$<<+),V-"
F>'(*'" %8(($)8" 8%'&$&'" +)" &'*'" ('2>')08" .'" )8&6$*+G'"
+),')*+G$*'"
0$..$"
K86>)+*S"
[>&8%'$A"?$'(+"$.7'&28;"U8&2V+"$.7'&28;",$('""
HB" "
$.7'&28"'"$.7'&2V+"0+<<>(+"(8)8"822+">)$"&'$.*S",V'"V$"$<<+$),$*8"F>'..$"*&$0+/+8)$.';"2&$/+'"$..$",8'&')/$" (%',+<+,$" ,8)" 2.+" (,V'6+" 0'..8" (G+.>%%8" (8(*')+7+.'A" _'." %$)8&$6$" )$/+8)$.';" ,+" (8)8" 8**+6+" '('6%+" 0+" &+,'**+G+*S"+))8G$*+G$",V'"$**&$G'&(8".58(%+*$.+*S"0+<<>($",8+)G8.28)8",+&,$">)"6+2.+$+8"0+"$/+')0'A"" D." (>,,'((8" 0'." <')86')8" -" 68(*&$*8" $),V'" 0$..$" ,&'(,')*'" $**')/+8)'" 6'0+$*+,$" &+(%'**8" $" *$.+" $&286')*+",V'"&+(>.*$)8"(%'((8"+6%8&*$)*+"0$."%>)*8"0+"G+(*$"0'."&',>%'&8"0+"(*&>**>&'"(*8&+,V'"'",86'" (8.>/+8)'"
,8),&'*$"
$..8"
(%8%8.$6')*8"&>&$.'A"#$",V+$G'"0+" *$.'"
&+,'**+G+*S"
(+"
&+*&8G$"
)'..58<<'&*$" 0+" >)" $67+')*'" 9$>*')*+,8:"
<$**8"
0+"
$..822+"
$6687+.+$*+" '" &+(*&>**>&$*+" ,8)" ,>&$;"
&'(+"
0+(%8)+7+.+"
%'&"
9&'(+0')*+" *'6%8&$)'+:A" D)" *$." 6808".5$,,82.+')/$"*>&+(*+,$"V$".$" %8((+7+.+*S" 0+" 9$)+6$&':" .$" G+*$" F>8*+0+$)$" 0'+" 78&2V+" &>&$.+;" ,&'$)08">)",8..'2$6')*8"0+&'**8"*&$".$"%8%8.$/+8)'".8,$.'"'"G+(+*$*8&+A"" #$"&+,'**+G+*S"0+<<>($"%>a"$G'&'"F>+)0+".$"<>)/+8)'"0+"$)+6$*8&'",>.*>&$.'"'0"',8)86+,8"0'+",')*&+"(*8&+,+A" 1" *$." (,8%8" )'..$" %&8((+6$" %&82&$66$/+8)';" (+" %8*&$))8" %&'G'0'&'" +)*'&G')*+" 0+" ,88&0+)$6')*8" '" (>%%8&*8" .82+(*+,8" $..$" %+,,8.$" &+,'**+G+*S" 'k*&$Y$.7'&2V+'&$" $<<+),V-;" .'" (*&>**>&'" $0+7+*'" $0" >)" ,'&*8" *+%8" 0+" 8(%+*$.+*S;" %'&6'**$)8"$+",')*&+"(*8&+,+"0+"&+G+*$.+//$&(+;" 6$)*')')08" $." %&8%&+8" +)*'&)8" >)$" ,86%.'((+*S"
0+"
<>)/+8)+;"
&'(+0')/+$.+;"
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
HE" "
?'&" F>$)*8" &+2>$&0$" +" ,86>)+" %+@" %+,,8.+" P=+)'&G+)8"
=>&2';"
3%+)$//8.$"
'"
?822+8&(+)+Q;",5-"0$"(8**8.+)'$&'",V'".$"#4" CJTCW!B" 9R+(,+%.+)$" 0'..5$**+G+*S" &+,'**+G$" 0+" U'0" $)0" U&'$j<$(*" PUiUQ:;" $." %>)*8" E" 0'..51&*A!;" +)" .+)'$" ,8)" F>$)*8" (*$" $,,$0')08" $" .+G'..8" '>&8%'8;" ,8),'0'" .$" %8((+7+.+*S"0+"2'(*+&'"+)"6$)+'&$">)+*$&+$"'" ,')*&$.+//$*$" (*&>**>&'" &+,'**+G'" 0+" >)+*S" +6687+.+$&+" <+(+,$6')*'" 0+(*+)*'" P6$" )8)" 0+(*$)*+"%+@"0+"!WW"6Q"$..5+)*'&)8"0+"78&2V+" '" ,86>)+" ,8)" %8%8.$/+8)'" +)<'&+8&'" $+" !WAWWW" $7+*$)*+A" R+" <$**8" $((8,+$" .$" 0+(,+%.+)$" 0'..$" &+,'**+G+*S" 0+<<>($" $" F>'..$" 0'+" UiU" '" 0'2.+" $<<+**$,$6'&'A" ?'&" F>'(*+" ,86>)+" $" 7$(($" 0')(+*S" 0+" %8%8.$/+8)';" .$" #4" CJTCW!B" %8*&'77'" <8&)+&'" >)" 8**+68" (*&>6')*8" %'&" .$" ,&'$/+8)'" 0+" >)58<<'&*$" &+,'**+G$" +))8G$*+G$" '" (8(*')+7+.';" +)" 2&$08" 0+" <$&" ,&'(,'&'" *>&+(*+,$6')*'" 0'..5$.*$"
+"
6>&2+$;"
%+,,8.+"
78&2V+"
$**&$G'&(8"
.$"
<8&)+*>&$" 0+" >)" ('&G+/+8" *>&+(*+,8" 0+<<'&')/+$*8" '" (8%&$**>**8" +)" .+)'$" ,8)" .'" $**>$.+" *')0')/'" 0'..$" 086$)0$"+)*'&)$/+8)$.'A"" D" 7')'<+,+$&+" V$))8" >(><&>+*8" 0'+" <+)$)/+$6')*+" %'&" &'$.+//$&'" $**+G+*S" &+,'**+G'" 0+" 0+G'&($" )$*>&$A" D." H!m" 0'+"(822'**+"P!!">)+*SQ"V$"(,'.*8"0+"+)G'(*+&'"+)"$..822+"08*$*+"0+",>,+)$"$>*8)86$;"6')*&'"+."BOm"PJ">)+*SQ" V$" %&'<'&+*8" ,$6'&'" (')/$" ,>,+)$A"f>**'".'"(+(*'6$/+8)+" V$))8" +" ('&G+/+" %&+G$*+" +)" ,$6'&$A" #$" 6$22+8&" %$&*'" 0'..'" (+(*'6$/+8)+;" '((')08" <8&)+*'" 0+" (%$/+8" ,8**>&$" $>*8)868;" )8)" 8<<&8)8" +." ('&G+/+8" 0+" %&$)/8" '" ,')$" $),V'" ('" !B" (*&>**>&'" H\" "
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tA"_'+"%'&+80+"0+"$.*$" (*$2+8)'" +)G',';" J" 0'+" !L" 7')'<+,+$&+" 0'..$" B!BA\;" 0+,V+$&$)8" F>8*'" ,86%&'('" *&$" \W" 'J\" t;" 6')*&'" >)" (8.8"(822'**8"V$"%&'//+"(>%'&+8&+"$+"J\"tA"" " ?&868/+8)'"'",866'&,+$.+//$/+8)'"0'+"('&G+/+"8<<'&*+"" _'..5>.*+6$"('/+8)'"0'+"F>'(*+8)$&+"(866+)+(*&$*+"$+"7')'<+,+$&+"0'..'"*&'"$/+8)+"822'**8"0'..8"(*>0+8;"(8)8" (*$*'" +),.>('" 086$)0'" &'.$*+G'" $+" 6'*80+" 0+" %&868/+8)'" '" ,866'&,+$.+//$/+8)'" 0'+" %&8%&+" %&808**+" '" ('&G+/+A"D)"F>'(*8"%$&$2&$<8"(8)8"'($6+)$*+" +"0$*+"$22&'2$*+"0+"*>**+"+"(822'**+"+)*'&G+(*$*+" PBB"7')'<+,+$&+QA"#5'($6'"0'+"0$*+"$22&'2$*+;" %'&6'**'" 0+" $G'&'" >)" F>$0&8" ,86%.'((+G8" 0'..'"
6'*808.82+'"
0+"
%&868/+8)'"
$**>$.6')*'">*+.+//$*'"0$+"(822'**+"8%'&$)*+" +)"$67+*8"*>&+(*+,8A" R'+" BB" (822'**+" $66'((+" $" <+)$)/+$6')*8;" F>$(+" *>**+" 2+S" 0+(%8)28)8" 0+" >)" (+*8" p'7" PCJ" 7')'<+,+$&+Q" '" 0+" ,$)$.+" (8,+$." $/+')0$.+" PCE" 7')'<+,+$&+QA" I)" )>6'&8" +)<'&+8&'" 0+" (822'**+" +)G','" >*+.+//$" $),V'" $.*&+" (*&>6')*+M" )'p(.'**'&" PL" 7')'<+,+$&+Q;" %8&*$.+" 0+" %&')8*$/+8)'" 8)Y.+)'" P!B" 7')'<+,+$&+Q" '" ,$6%$2)'" %>77.+,+*$&+'" $" %$2$6')*8" PH" 7')'<+,+$&+QA" D)" &'.$/+8)'" $" *$.+" 0$*+;" -" *>**$G+$" 0$" ,8)(+0'&$&'" ,V';" )'..$" 6$22+8&" %$&*'" 0'+",$(+;".'"$/+')0'"'((')08"+)"<$('"0+" (*$&*" >%;" )8)" 0+(%8)28)8" $),8&$" 0+" >)" ,86%.'*8" (<&>**$6')*8" 0'..'" &+(8&('"p'7"%'&".$"%&868/+8)'"'"%'&"+." HH" "
788j+)2"0'+"%&8%&+"('&G+/+A"" f&$"+"7')'<+,+$&+",V'"0+(%8)28)8" 0+" (*&>6')*+" (8,+$.;" &+(>.*$" 0+" 2&$)".>)2$"6$22+8&'".5>*+.+//8"0+" <$,'788j;" 6')8" 0+<<>(+" +)G','" (8)8"$.*&+"%8&*$.+",86'"*p+**'&"'" 2882.'" lA" v" +)*'&'(($)*'" $),V'" G'0'&'" ,8)" ,V'" <&'F>')/$" +" (822'**+"+)*'&G+(*$*+"$22+8&)$)8"+" %&8%&+" ,$)$.+" (8,+$." $." <+)'" 0+" G$.>*$&'"
.$"
%'&+80+,+*S"
0+"
,86>)+,$/+8)'" ,8)" +" %&8%&+" <8..8p'&(A" R$..5$)$.+(+" 0'+" F>'(*+8)$&+;" &+(>.*$" ,V'" .$" 6$22+8&" %$&*'" 0'+" (822'**+" PEHmQ;" $22+8&)$" .'" %&8%&+'"%$2+)'"(8,+$."!YC"G8.*'"$" ('**+6$)$A"?'&,')*>$.+"6+)8&+"0+" (822'**+"+)G','">*+.+//$)8"+"(8,+$." +)" 6808" %+@" 8" 6')8" +)*')(8M" +." C!m" 0+,V+$&$" 0+" $22+8&)$&'" +" %&8%&+" ,$)$.+" BYE" G8.*'" $" ('**+6$)$;" 6')*&'" +." COm;" !YC" G8.*'" $." 6'('A" I)$" 680'(*$" %'&,')*>$.'" 0+" >*')*+" PEmQ;" 6$)+<'(*$" >)" >*+.+//8" %+@" +)*')(8" 0'+" (8,+$." )'*p8&j" P%+@" 0+" E" G8.*'" $" ('**+6$)$QA"c.*&'"$..$"%&868/+8)'"8)Y.+)';"68.*+"0'2.+"+)*'&G+(*$*+"0+,V+$&$)8"0+">*+.+//$&'"$),V'"(*&>6')*+" *&$0+/+8)$.+"0+"%>77.+,+*SA"" K'&*$6')*'" +." 6'*808" %+@" 0+<<>(8" 0+" %&868/+8)'" 8<<Y.+)'" -" F>'..8" .'2$*8" $..$" (*$6%$" 0+" 6$*'&+$.'" +)<8&6$*+G8" $/+')0$.'" P7&8,V>&'" '" %+'2V'G8.+QA" I)$" 7>8)$" %'&,')*>$.'" 0+" +)*'&G+(*$*+;" (+" $<<+0$" $..$" %$&*',+%$/+8)'"
'"
8&2$)+//$/+8)'" 0+" 'G')*+" %'&" +),8)*&$&'" 0+" %'&(8)$" )>8G+" %8*')/+$.+" ,.+')*+A" 1..5+)*'&)8" 0'+"F>'(*+8)$&+;"(+"-",'&,$*8"0+" +0')*+<+,$&'" $),V'" +" %&+),+%$.+" 6'&,$*+" 0+" &+<'&+6')*8" 0'2.+" 8%'&$*8&+"
*>&+(*+,+"
0'." HJ"
"
*'&&+*8&+8" 0'." N1#A" R$..$" G$.>*$/+8)'" 0'..'" &+(%8(*'" %'&G')>*';" (+" -" 0'<+)+*8" >)" F>$0&8" &+'%+.82$*+G8" 0'+" 6'&,$*+"+)",>+"+"7')'<+,+$&+",866'&,+$.+//$)8"+"%&8%&+"%&808**+T('&G+/+A"" ?'&,')*>$.+" +0')*+,V'" 0+" 8%'&$*8&+" PBHmQ;" $2+(,8)8" ,866'&,+$.6')*'" (>." 6'0+8" '" .>)28" &$22+8;" +)*'&,'**$)08",.+')*+"(+$")'."6'&,$*8"086'(*+,8",V'"+)"F>'..8"+)*'&)$/+8)$.'A"I)$"%'&,')*>$.'"+)<'&+8&'" 0+"(822'**+"PCLm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mQ;" >*+.+//$" .$" G')0+*$" 0+&'**$" ,86'" 6'*808" %&+),+%$.'" 0+" ,866'&,+$.+//$/+8)'" 0'..$" %&8%&+$" 8<<'&*$" &+,'**+G$A" K5-" 0$" (8**8.+)'$&'" .5$6%+$" F>8*$" 0+" (822'**+"8&+')*$*+"$..$"G')0+*$"8)Y.+)'"PBHmQ;"+)0+%')0')*'6')*'"0$."%&8%&+8"6'&,$*8"0+"&+<'&+6')*8A"#$" ,&'(,')*'"0+(+)*'&6'0+$/+8)'"0'."6'&,$*8"*>&+(*+,8;"+)0+,$",V+$&$6')*'">)"&>8.8"('6%&'"%+@"6$&2+)$.'" 0'..'" $2')/+'" 0+" G+$22+" '" 0'+" *8>&" 8%'&$*8&;" (%',+$.6')*'" )'..'" %&')8*$/+8)+" 0'..'" $**+G+*S" &+,'**+G'A" #5$>6')*8" 0'..$" ,8))'**+G+*S" 0'*'&6+)$" +)" *$." (')(8" >)" ('6%&'" %+@" <&'F>')*'" >*+.+//8" 0'..'" G')0+*'" 0+&'**'A" #$" %&'(')/$" 8).+)'" '" (>+" (8,+$." )'*p8&j" -" 0'*'&6+)$)*'" %'&" 8&+')*$&'" .$" (,'.*$A" #5$6%+$" 0+<<>(+8)'"0'2.+"(6$&*%V8)'"V$"$6%.+$*8")8*'G8.6')*'".$"%8((+7+.+*S"0+"$,,'0'&'"$+",8)*')>*+"p'7"0+<<>(+" 0$2.+"8%'&$*8&+A"c.*&'"$0">)"+),&'6')*8"0'."*>&+(68"(')+8&"P08G>*8"$..5+)G',,V+$6')*8"%&82&'((+G8"0'..$" %8%8.$/+8)'" '>&8%'$Q;" -" 0$" )8*$&'" $),V'" >)5+6%8&*$)*'" F>8*$" 0+" 2+8G$)+" G+$22+$*8&+;" )$*+" '" ,&'(,+>*+" )'..5'&$"0+2+*$.'A"D."*$&2'*"+)"F>'(*+8)';"-"&$%%&'(')*$*8"0$+")$*+"*&$"2.+"$))+"8**$)*$"'"+"%&+6+"$))+"0>'6+.$A" D" 2+8G$)+" G+$22+$*8&+;" (8)8" ('6%&'" ,8))'((+;" 8&2$)+//$)8" +" .8&8" G+$22+" $%%&8<+**$)08" $." 6$((+68" 0'..'" )>8G'" *',)8.82+';" %&')8*$)8" 8)Y*V'Y28;" 0$" 687+.'" 8" 0$" *$7.'*A" D)" &'.$/+8)'" $" F>'(*'" *')0')/'" 0'..$" 086$)0$" ($&S" <8)0$6')*$.'" $0'2>$&'" .'" 8<<'&*'" &+,'**+G'" 0'2.+" 8%'&$*8&+" $..'" 680'&)'" *',)8.82+'" 0+" +)<8&6$/+8)'"'"%&')8*$/+8)'"*>&+(*+,$A"3$&S"+)0+(%')($7+.'".5>*+.+//8",8&&'**8"0'..'"%+$**$<8&6'"p'7"'"0+" (+*+"687+.'"&'(%8)(+G'A"" " " " ! ! ! ! ! ! ! HL" "
9+&$,!"""!=X%*4,!2&+$'35,!,!$&+(I,&'),4$*!0,##,!'44*7+6'*4'?! T-%-."(/,5*1M%*(+".."#*./#*(#"+*.%$*(*++*()"2%,%&%',"()"+(3',3"..'()%(d/',*(8#*.%3*(Dd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g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d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
HO" "
! DJ!:,!N%*4,!2&+$'35,!2%.#',('! f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d$7&+/+8" 48((+;" $2&8)868"0$"*'6%8"+6%'2)$*8")'..5$%%.+,$/+8)'"0'."6'*808"7+80+)$6+,8"+)"$2&+,8.*>&$"'")'..'"&'.$*+G'" %&8,'0>&'"0+",8)*&8..8"0+"F>$.+*SA" #5$**+G+*S"0'..5$/+')0$"-"$**>$.6')*'",8),')*&$*$")'..$"*')>*$"0+"K'<$.+,,V+8;"08G'"-"%8((+7+.'"G+(+*$&'".'" ,$)*+)'" '" 0'2>(*$&'" +" )8(*&+" G+)+" 0+&'**$6')*'" 08G'" G')28)8" %&808**+A" I)$" (',8)0$" >)+*S" %&80>**+G$" -" ,8..8,$*$")'..$"*')>*$"0+"#$6$"=$&$)2+;"+)"%&8((+6+*S"0+"=+)'&G+)8"=>&2'A"c22+".'",8.*>&'"0'..5$/+')0$"(+" '(*')08)8;",86%.'((+G$6')*';"(>",+&,$"!W\"'**$&+"'"(8)8"+)('&+*'"+)">)"%$)8&$6$",8..+)$&';"*+%+,$6')*'" 6'0+*'&&$)'8;"68.*8"2&$0'G8.'"+)"*>**'".'"(*$2+8)+A" #$"=$(('&+$"U$&7'&$"-">)$"0+68&$"(*8&+,$")'..Z$.*$"=>&2+$;"$&'$"0'."G+)8"RAcAKA"'"0'..Z8.+8"'k*&$G'&2+)'" RAcA?A"K$(*'."0'."=8)*'A"#$"(*&>**>&$;"(+*>$*$"$"%8,V+",V+.86'*&+"0$.",'.'7'&+668"6$)+'&8"<'0'&+,+$)8;"(+" '(*')0'"%'&",+&,$",+)F>$)*$"'**$&+",8)08**+"$"G+2)'*8;"8.+G'*8;"('6+)$*+G8;"8&*8<&>**'*8"'"%$(,8.8"'0"-"0+" %&8%&+'*S" 0'." 08**8&" 4+,,$&08" U$&7'&$;" 868)+68" 0'." *&+($G8.8" +." F>$.';" $" 0',8&&'&'" 0$." .8)*$)8" !LHW;" +)+/+a"+."0+((80$6')*8"0'."*'&&')8"'".$"*&$(<8&6$/+8)'"+)"G+2)'*+"'"8.+G'*+"0+">)$"%$&*'"0'."%$(,8.8A" D".8,$.+;"$**>$.6')*'"$0+7+*+"$"&+(*8&$)*'"'"$.7'&28;")'."(',8.8"0+,+8**'(+68",8(*+*>+G$)8"+.")>,.'8",')*&$.'" 0+" >)$" *+%+,$" 6$(('&+$" <8&*+<+,$*$A" #$" (*&>**>&$" %&'(')*$" $),8&$" 822+" +." ,.$((+,8" ,$6+)8" 2&$)0';" &'*$22+8" 0'..$"G+*$",8)*$0+)$;"%$G+6')*+"+)",V+$),$"'"6>&+"7+$),V+A!
JW" "
!
LJ!:,!N%*4,!2&+$'35,!'$+#'+4,! 1" .+G'..8" )$/+8)$.'" ,+" %&'6'" ('2)$.$&'" .5$**+G+*S" 0'..$" [,$,! ]+6'*4+#,! 2,&! #*! /7'#%22*! &%&+#," ,V'" $**&$G'&(8" .$" f$(j" <8&,'" 9d/',"( 8#*--%( "( 7,,'$*&%',":" +)" ,8..'2$6')*8" ,8)" .'" %8(*$/+8)+" &'2+8)$.+" V$" &$,,8.*8;"+)0+G+0>$*8"'"%&868((8".'"9',,'..')/'"&>&$.+:"0'."*'&&+*8&+8"&>&$.'"0'..'"4'2+8)+"+*$.+$)'A" #'"[,,'..')/'"4>&$.+"(8)8"%&82'**+",V'"V$))8"($%>*8">*+.+//$&'"$."6'2.+8".'"8%%8&*>)+*S"8<<'&*'"0$+"?34" CWWJYCW!B;" (*&>6')*8" 0+" $**>$/+8)'" &'2+8)$.'" 0'..$" ?8.+*+,$" 0+" 3G+.>%%8" &>&$.';" ,8)*&$00+(*+)*+" 0$" >)" <8&*'",$&$**'&'"0+"(8(*')+7+.+*S;"'<<+,+')/$;"*&$(<'&+7+.+*S;"+))8G$*+G+*SA" D." %&82'**8" V$" >)$" G$.')/$" )$/+8)$.'" '" *8,,$" *>**'" .'" 4'2+8)+" +*$.+$)';" 08,>6')*$)08" %+@" 0+" !WW" '(%'&+')/'" &'$.+//$*'A" I)" +)(+'6'" 0+" (*&>6')*+" 0+" $%%&8<8)0+6')*8" Y" (*8&+$;" +)*'&G+(*';" G+0'8;" <8,>(;" 2$..'&+'"<8*82&$<+,V'"Y"%'&6'**'"0+",8)8(,'&'"+",$(+"&+.'G$*+"0$"%+@"%>)*+"0+"G+(*$A" _$*8",8)".Z87+'**+G8"0+"<$&"'6'&2'&'"'"&$,,8)*$&'"'(%'&+')/'"'"%&82'**+",8<+)$)/+$*+"$**&$G'&(8".$"?8.+*+,$" 0+" 3G+.>%%8" &>&$.';" [,,'..')/'" 4>&$.+" *'(*+68)+$" ,86'" .$" ?8.+*+,$" 0+" 3G+.>%%8" &>&$.'" %&')0'" G+*$" '" (+" ,8),&'*+//$")'..'"$/+')0'"'"(>."*'&&+*8&+8A"D."%&82'**8"%&8%8)'"+."&$,,8)*8"0+"'(%'&+')/';"(*8&+'"0+"G+*$;"0+" +6%&'($;" 0+" *'&&+*8&+;" 0+" 7')'<+,+$&+" ,V';" >*+.+//$)08" <+)$)/+$6')*+" %>77.+,+;" V$))8" &'$.+//$*8" 6+2.+8&$6')*+"0'..'".8&8"$**+G+*S"'"0'.".8&8"*'&&+*8&+8A" _'."%&'(')*'"%$&$2&$<8"(+"%&8%8)28)8"\"',,'..')/'")'."('**8&'"*>&+(*+,8"+)0+G+0>$*'"0$..$"4'*'"_$/+8)$.'" %'&".8"3G+.>%%8"4>&$.'")'..5$67+*8"0'."%&82'**8"9[,,'..')/'"&>&$.+:;"'(%&'((+8)'"0'..'"$**+G+*S"0+"N&>%%+"0+" 1/+8)'"#8,$.'"0'..$"4'2+8)'"3$&0'2)$;"4'2+8)'"=$&,V';"?&8G+),+$"0+"f&')*8"'"0'..$"486$2)$A" D",$(+"&$,,8)*$*+"&+(%8)08)8"$2.+"87+'**+G+"0'..$"?8.+*+,$"0+"3G+.>%%8"&>&$.'",86>)+*$&+$"Y"K86%'*+*+G+*S"0'." ('**8&'" $2&+,8.8" '" <8&'(*$.';" f>*'.$" 0'..Z$67+')*'" '" 0'." *'&&+*8&+8;" e>$.+*S" 0'..$" G+*$" )'..'" $&''" &>&$.+" Y ")'$"( +Q*0#%3'+./#*( ,',( R( -'+'( /,Q*..%$%.L( "3','1%3*( 1*( %+( 2%+'( 3',)/..'#"( )%( /,'( -3",*#%'( V/'.%)%*,'( "( #"*+"(2*..'()%(*&%",)"(*0#%3'+"N()%(-3"+."(%1M#",)%.'#%*+%(3'#*00%'-"(%,(3/%(+Q*..%$%.L("3','1%3*("(M#')/..%$*( -%(%,.#"33%*(3',(+*($%.*(-'3%*+"("(%+(3',."-.'(."##%.'#%*+"A" D)"/+&0,.4+;"d'&)$)08"1*/')+;",8)"682.+'"'"<+2.+;"%8&*$"$G$)*+".5$/+')0$"$2&+*>&+(*+,$"0$",+&,$"*&')*5$))+;" &$,,82.+')08"+."*'(*+68)'"0$"(>8"%$0&'"'"6$)*')')08"G+G$".$"*&$0+/+8)'"0+"<$6+2.+$A" #5$/+')0$"$2&+*>&+(*+,$"V$">)"%&'G$.')*'"+)0+&+//8",'&'$.+,8.8^".5+)*'&$"%&80>/+8)'"-",'&*+<+,$*$"7+8.82+,$A" #$"(>%'&<+,+'"$/+')0$.'"-"0+",+&,$"C\"V$"(>00+G+(+"+)"%+@",8&%+"%8,8"0+(*$)*+".5>)8"0$..5$.*&8;")'..$"&'2+8)'" 0'..$" 3$&0'2)$" ,V+$6$*$" 9=$&6+..$:;" $" f>&&+" +)" %&8G+),+$" 0+" X+..$,+0&8" '" 3$).>&+" P%&8G+),+$" 0'." ='0+8" K$6%+0$)8QA"" #$" %&+),+%$.'" %&80>/+8)'" $/+')0$.'" -" ,8(*+*>+*$" 0$." 2&$)8" 0>&8;" G$&+'*S" 3')$*8&'" K$%'..+;"6$" (+" ('2)$.$" $),V'" >)$" 7>8)$" %&80>/+8)'" 0+" 8&*+G'" '" 0+" $.*&'" ,>.*+G$&" 6+)8&+" P8.+8;" G+*'" '" %+$)*'" 8<<+,+)$.+;" *&$" ,>+" .8"z$<<'&$)8"0+"3$&0'2)$"Rc?QA""#'"%&80>/+8)+"G')28)8"+6%+'2$*'"8"G')0>*'"+)"$/+')0$;"8%%>&'",8)<'&+*'" $",88%'&$*+G'".8,$.+A"#58<<'&*$"(+",86%.'*$",8)".5$2&+*>&+(68"&'$.+//$*8"+)"(*+.'"K$6%+0$)'('"'".$"d$**8&+$" 0+0$**+,$A" J!" "
#$" (8(*')+7+.+*S" 0'..'" %&80>/+8)+;" .5$**')/+8)'" $..5$67+')*'" '" $." *'&&+*8&+8" ,8(*+*>+(,8)8" >)" *&$**8" 0+(*+)*+G8"0'..5$/+')0$",V'"0$."!OO\"$0'&+(,'"$."&'2+6'"7+8.82+,8;",8)<'&6$*8"$),V'",8)"+."?34"CWWJT!B" 0'..$" 3$&0'2)$;" $**&$G'&(8" .5$0'(+8)'" $..$" =+(>&$" C!EA!" 9?$2$6')*+" $2&8" $67+')*$.+:" h" 912&+,8.*>&$" 7+8.82+,$:A" I.*'&+8&+" +)G'(*+6')*+" <+)$)/+$*+" ,8)" .$"6+(>&$" B!!9R+G'&(+<+,$/+8)'" +)" $**+G+*S" )8)" $2&+,8.':" ,86%.'*$)8".$"9<8*82&$<+$:"$/+')0$.'M"%$))'..+"<8*8G8.*$+,+"<>)/+8)$.+"$."&+(%$&6+8"')'&2'*+,8A""" D"<$**8&+"0+"',,'..')/$"+0')*+<+,$*+"%'&".$"7>8)$"%&$*+,$"('2)$.$*$"(8)8"+"('2>')*+M! !
X'*#*.'3*! 0'! 1%+#'$A! ,! 0'! $&+0'6'*4,R" .5$/+')0$" V$" 8%'&$*8" .$" (,'.*$" (*&$*'2+,$" 0+" +)G'(*+&'" +)"
%&80>/+8)+".8,$.+",'&*+<+,$*'")'."('2)8"0'..$",>.*>&$"$2&+,8.$"*+%+,$"0'..5$&'$^! !
8%#$'I%46'*4+#'$A!,!0'7,&('I'3+6'*4,M".5$/+')0$"V$"0+G'&(+<+,$*8"+."&'00+*8"&'$.+//$)08".5$2&+*>&+(68"
'".$"d$**8&+$"0+0$**+,$"'")'..8"(*'((8"*'6%8"+)G'(*')08"+)"%&80>/+8)+"<8)0$*'"(>",8.*>&'"*&$0+/+8)$.+",8)" 7>8)+"(78,,V+"0+"6'&,$*8^! !
M*,&,46+!0,##+!($&+$,.'+!+6',40+#,@!(*($,4'N'#,!,!+!N+((*!')2+$$*@!3*4!#,!#'4,,!2&*.&+))+$'35,!
0'!(7'#%22*!0,##-+&,+M"(+)'&2+$"*&$"$/+8)+",8)"?$**8"*'&&+*8&+$.';"N1#;"c&2$)+//$/+8)+"?&8<'((+8)$.+;"%&82'**+" 0+"G$.8&+//$/+8)'".8,$.'A" _'..'" 8+&35,;" .5$/+')0$" 0+" f+/+$)$" f8)+" (+" *&8G$" )'..5$&'$" 0'." =8)*'<'.*&8;" $" =$,'&$*$" d'.*&+$" P?IQ;" >)" *'&&+*8&+8",$&$**'&+//$*8"0$">)"$67+')*'")$*>&$.'"68.*8"&+,,8"'"0$">)"%$(($*8"(*8&+,8"0+"2&$)0'"+)*'&'(('J! _'."CWWJ"f+/+$)$"V$"&+.'G$*8".Z$/+')0$"0+"<$6+2.+$"0'."6$&+*8;"$**+G$"0$..$"6'*S"0'."ZOWW;"&+,8)G'&*')08".'" ,8.*>&'",'&'$.+,8.'Y<8&$22'&'"$."&'2+6'"7+8.82+,8A" K8)" +" <8)0+" 0'."?34" =$&,V'" CWWJTCW!B;" .Z+6%&')0+*&+,'" V$" &'$.+//$*8" .Z$2&+*>&+(68" 9#'" U.$)," =$*8>:;" '" $.*&+"+)*'&G')*+"<>)/+8)$.+"$..Z$**+G+*S"&+,'**+G$A" _'..$",8)0>/+8)'"$/+')0$.'"f+/+$)$"-"$<<+$),$*$"0$"!",8..$78&$*8&'"+)",>,+)$"0>&$)*'"+."<+)'"('**+6$)$;"!" ,8..$78&$*8&'" ,V'" (+" 8,,>%$" 0+" .$G8&+" '(*'&)+" '" !" +(*&>**&+,'" 0+" 'F>+*$/+8)'" )'." 6$)'22+8A" #Z$/+')0$" (+" '(*')0'" (>" ,+&,$" CJ" V$^" .'" %&80>/+8)+" (8)8" %&'G$.')*'6')*'" ,'&'$.+,8.'Y<8&$22'&'A" 38)8" %&'(')*+" >)" +6%+$)*8"0+".$G$)0$;"0+"%+$)*'"8<<+,+)$.+;"%&$*8Y%$(,8.8"'"78(,8A"#'"%&80>/+8)+",'&'$.+,8.'"(8)8",8)<'&+*'" $." K8)(8&/+8" f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f_Q"'0"-",8(*+*>+*8"0$" ,+&,$" >)" '**$&8" 0+" *'&&')8" ,V'" ,+&,8)0$" .5'0+<+,+8" +)" ,>+" (8)8" ,8..8,$*+;" 8.*&'" $." %>)*8" G')0+*$;" $),V'" +" JC" "
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b" %'&,8&(+" 0+0$**+,+" (>." 68)08" 0'..'" $%+;" 0'0+,$*+" %&+),+%$.6')*'" $+" 7$67+)+A" _'.",8&(8"0'2.+">.*+6+"$))+".5$/+')0$"V$"($%>*8">*+.+//$&'"0+G'&('"6+(>&'")'..5$67+*8"0'."?+$)8"0+"3G+.>%%8" 4>&$.'"CWWJYCW!B"0'..$"?&8G+),+$"0+"f&')*8M"0$."?&+68"D)('0+$6')*8",V'"V$"<$,+.+*$*8".5$GG+8"0'..5$**+G+*S" ,8)".5$,F>+(*8"0'+"%&+6+"$.G'$&+;"$+"<+)$)/+$6')*+"%'&".5$6680'&)$6')*8"0'..'"$/+')0'"$2&+,8.'"'"%'&".$" 0+G'&(+<+,$/+8)'"+)"$**+G+*S")8)"$2&+,8.';",V'"V$))8"%'&6'((8"0+"$,,'.'&$&'".5$**>$/+8)'"0'2.+"+)G'(*+6')*+" )','(($&+" $..$" &'$.+//$/+8)'" 0'..5$2&+*>&+(68" '" 0'+" .$78&$*8&+" %'&" .$" *&$(<8&6$/+8)'" 0'." 6+'.'" '" .8" (G8.2+6')*8"0'+"%'&,8&(+"0+0$**+,+A" D)"[*)+.4+;".5$/+')0$"-",8)08**$"0$"d$>(*8"d$22+8.+",V'")'."!OLC"0',+0'"0+"G+G'&'"+)",$6%$2)$",8)".$" <$6+2.+$A"#$"*'&&$"(,'.*$"'&$".$"X$."U+0')*';")'..51%%'))+)8"*8(,8Y&86$2)8.8^">)5$&'$"+)"G+$"05$77$)08)8" 0$..'"<8&/'"%+@"2+8G$)+"'"&+*')>*$"$"(,$&($"G8,$/+8)'"*>&+(*+,$A"?'&"d$22+8.+"+)G',';".$",$6%$2)$"'&$">)$" 2&$)0'"8%%8&*>)+*S"0+"(G+.>%%8"',8)86+,8"';"$**&$G'&(8"+."%&82'**8"d$**8&+$;"+)G'(*'",8&$22+8($6')*'"(>" 0>'" '.'6')*+" ,V'" +)" F>'2.+" $))+" )8)" $G'G$)8" $.,>)" (+2)+<+,$*8" ',8)86+,8Y,866'&,+$.'M" +" G$.8&+" '" .'" *&$0+/+8)+" 0'." 68)08" $2&+,8.8;" >*+.+//$)08" .$" (>$" '(%'&+')/$" 0+" 6$)$2'&" +)" >)" $67+')*'" ,V'" $6$G$" 0$" ('6%&'A" _$(,'" ,8(`" .$"%&+6$" <$**8&+$;" .'" ,>+" %8&*'" (8)8" ('6%&'" $%'&*'" %'&" *>**+" F>'..+" ,V'" G82.+8)8" 9(*$,,$&'" .$" (%+)$:" '0" $(($%8&$&'" +" %&8<>6+" 0+" >)$" _$*>&$" ,V'" %'&" .$" <$6+2.+$" d$22+8.+" -" 0+G')*$*$" >)8" (*+.'" 0+" G+*$A" _'2.+"$))+"$"('2>+&';"$.*&'"(+"$22+>)28)8"$..$"%&+6$;"822+">)+*'",8)"+.")86'"0+"d$**8&+'"d$22+8.+A" D6%'2)8;",$%$,+*S"'",&'$*+G+*S"V$))8"*&$(<8&6$*8"F>'(*'"<$**8&+';"+)+/+$.6')*'"(8.8"$2&+,8.'"'0"+)"(*$*8" 0+"('6+"$77$)08)8;"+)">)$">)+,$"2&$)0'"d$**8&+$"=>.*+<>)/+8)$.';",$%$,'"0+"%&8%8&&'">)58<<'&*$"$"BHWgM" 0$..58(%+*$.+*S" &>&$.'" $." %&808**8" *+%+,8;" 0$..$" <$**8&+$" 0+0$**+,$" ',8,86%$*+7+.'" $+" %&82'**+" 0+" 6$&j'*+)2" *'&&+*8&+$.'A" #5+6%'2)8" 0+" d$>(*8" 0+" %8&*$&'" .$G8&8;" 8,,>%$/+8)'" '" (G+.>%%8" (8(*')+7+.'" +)" >)5$&'$" &>&$.';" -" (*$*8" G+),')*'"(+$"%'&".$"G$.+0+*S"0'..'"%&8%8(*'"(+$"%'&"+."%&82'**8"0+",86>)+,$/+8)'",V'"V$"($%>*8"0$&(+"G'&(8" +." 68)08" '(*'&)8A" ?'&" .$" (>$" $.*$" ,$%$,+*S" 0+" '(('&'" *&$(<'&+7+.';" +." ?&82'**8" d$**8&+$" V$" $G>*8" >)" <8&*'" 2&$08" 0+" +6+*$/+8)'" '" 68.*+((+6+" 2.+" +6%&')0+*8&+" ,V'" (+" (8)8" &+G8.*+" $." 2&>%%8" 0+" .$G8&8" 0'..'" d$**8&+'" d$22+8.+"%'&"'(('&'"+)<8&6$*+"(>..'"%8((+7+.+*S"0+"+)*&$%&')0'&'">)$"$**+G+*S"$)$.82$A" #'"d$**8&+'"d$22+8.+"+)8.*&';",8..$78&$)8",8)"*>**+"F>'2.+"D(*+*>*+"3>%'&+8&+"$0"+)0+&+//8"$2&$&+8;",V'"V$))8" G+(*8" <+)" 0$..5+)+/+8" +)" F>'(*$" '(%'&+')/$" 9+))8G$*+G$:" .$" %8((+7+.+*S" 0+" <$&" ,8)('2>+&'" $+" %&8%&+" $..+'G+" JB" "
,86%'*')/'"+6%&')0+*8&+$.+"(%',+<+,V'")'."('**8&'"0'."*>&+(68"&>&$.'A"e>'."%&82'**8"0+"d$**8&+$;",V'"(+"-" (G+.>%%$*8" 2+8&)8" %'&" 2+8&)8" V$" G+(*8" .'" <+2.+'" d&$),'(,$" '" d'0'&+,$;" )'+" 686')*+" .+7'&+" 0$..$" (,>8.$;" %$&*',+%$&'"$**+G$6')*'"$+".$G8&+"F>8*+0+$)+"0'..5$/+')0$A" R+G')*$*'" $0>.*';" )'." !OOO;" (,'.28)8" 0+" $<<+$),$&'" +." %$0&'" '" *&$(<8&6$&'" .5$/+')0$" 0$" +)0+G+0>$.'" $" %+,,8.$" (8,+'*S" ,88%'&$*+G$A" c22+" .$G8&$)8" $" *'6%8" %+')8" )'..51/+')0$A" #5+)+/+$*+G$" +6%&')0+*8&+$.'" +)*&$%&'($" 0$+" 2')+*8&+" G')*5$))+" <$" +)" X$." U+0')*';" 822+" (+" %>a" 0+&'" %+')$6')*'" &+>(,+*$;" ,86'" 0+68(*&$)8" +" &+(>.*$*+" &$22+>)*+" (>." 6'&,$*8" '" .$" G$(*$" ',8" ,V'" V$))8" )'." 68)08" 0'..5+)<8&6$/+8)'" .'" %&8%8(*'"0'..'"d$**8&+'"d$22+8.+A"" " CJ!:,!N%*4,!2&+$'35,!,%&*2,,! 3+" '($6+)$)8;" )'." %&'(')*'" %$&$2&$<8;" $.,>)+" ,$(+" 0+" (>,,'((8" +)0+G+0>$*+" $" .+G'..8" '>&8%'8;" 2&$/+'" $..$" 4'*'" 4>&$.'" '>&8%'$" %'&" .8" (G+.>%%8" &>&$.'A" _'..8" (%',+<+,8" -" (*$*8" 68.*8" >*+.'" +." .$G8&8" ,8)08**8" 0$2.+" '(%'&*+" 0'..$" K866+((+8)'" '>&8%'$" ?$>." 38*8" '" ?'*'&" 4$6(0')" )'." ,8&(8" 0'." CW!E" 2&$/+'" $..$" %>77.+,$/+8)'"9h#%",.*1",.%(-/++'(-$%+/MM'(+'3*+"()%(.%M'(M*#."3%M*.%$'(,"++Q*1P%.'()"%(J',)%(-.#/../#*+%("( )%(%,$"-.%1",.'("/#'M"%]"%>77.+,$*$"0$..'"RN"0'+"d8)0+"3D["%'&"$+>*$&'".'"$>*8&+*S"0'+"G$&+"3*$*+"6'67&+"$" ,&'$&'".'",8)0+/+8)+")','(($&+'"%'&">*+.+//$&'"'<<+,$,'6')*'"+."K##R"Y"(G+.>%%8".8,$.'"0+"*+%8"%$&*',+%$*+G8" )'2.+"$,,8&0+"0+"%$&*')$&+$*8"'"%&82'**$&.8")'..Z$67+*8"0'+"&+(%'**+G+"%&82&$66+A"" D"%&'(')*+"8&+')*$6')*+"(+"%&8%8)28)8"0+"<$G8&+&'".8"(G+.>%%8".8,$.'"0+"*+%8"%$&*',+%$*+G8"'"0+"+),8&$22+$&'" .'"7>8)'"%&$*+,V'A"_8)"(8)8"2+>&+0+,$6')*'"G+),8.$)*+"%'&")'((>)$"0'..'"')*+*S",8+)G8.*'")'..Z$**>$/+8)'" 0'+"<8)0+"3D[")b"%'&"2.+"3*$*+"6'67&+;"6$"8<<&8)8".+)''"2>+0$"'"&$,,86$)0$/+8)+"'"&+(%',,V+$)8".'"6+2.+8&+" %&$*+,V'A" 3+"&+%8&*$)8"0+"('2>+*8"$.,>)+"'('6%+"0+"7>8)'"%&$((+"'>&8%''M" D."9*#*!0b'44*7+6'*4,!4,##b+)N'$*!0,#!2'+4*!($&+$,.'3*!:^<Q^[!LVV_FLVDC!2,&!'#!c,($!M*&d" D." ?8.8" 0+" D))8G$/+8)'" 0'." n'(*" K8&j" ,8(*+*>+(,'" %$&*'" +)*'2&$)*'" 0'." %+$)8" (*&$*'2+,8" #'$0'&" %'&" .$" &'2+8)'"0'."n'(*"K8&j"%'&"+."%'&+808"CWWJYCW!BA" D."%8.8"(+"7$($"(>"%&','0')*+"+)+/+$*+G';"+)"%$&*+,8.$&'"(>."6$&,V+8".8,$.'"9J/34-%*(d#*,):"0'..$"&'2+8)'"0'." n'(*" K8&jA" 3+" ,8),')*&$" (>" ('**8&+" ',8)86+,+" ,V+$G'" ,V'" %&'(')*$)8" >)" <8&*'" %8*')/+$.'" +)" *'&6+)+" 0+" 0+G'&(+<+,$/+8)'" P$2&8$.+6')*$&';" *>&+(68;" $&*+2+$)$*8" ',,AQ" '" (>" 0'*'&6+)$*'" *+%8.82+'" 0+" $**+G+*S" '" %&8,'((+"0+"(G+.>%%8"P6$&j'*+)2;"<8&6$/+8)'"'"+(*&>/+8)';"$2')/+'"0+"(G+.>%%8;"&'*+"'"$((8,+$/+8)+;"',,AQA"D." %8.8;"+.",>+"G$&8",866'&,+$.'"&+($.'"$."!OOL;"-">)$"&'*'"0+"$**+G+*S"0+"!HW"+6%&'('"0+"F>$.+*S"$,,&'0+*$*';" 8((+$",8)*&$00+(*+)*'"0$">)"6$&,V+8"0+"F>$.+*S;"$**+G'")'."('**8&'"$.+6')*$&';"*>&+(*+,8;"0'..Z$&*+2+$)$*8"'" +)"$.*&+"('**8&+"P$2&+,8.8;"6$&+**+68;"0'..$"G')0+*$"$."0'**$2.+8QA"?'&"$.,>)+"%&82&$66+",8..$78&$"$),V'",8)" .8"I)+G'&(+*o"K8..'2'"K8&jA""
JE" "
#'" *+%8.82+'" 0+" $**+G+*S" <+)$)/+$*'" 0$." %8.8" )'." %'&+808" 0+" %&82&$66$/+8)'" CWWJYCW!B" ,86%&')08)8" .8" (G+.>%%8"0+">)")>8G8"%&82&$66$"][)'&2+$"0$..'"$/+')0'"$2&+,8.']"P[)'&2o"d&86"d$&6(Q",V'",86%&')0'" .Z')'&2+$" %&808**$" 0$" 7+8,$&7>&$)*+;" '8.+,$;" (8.$&';" +0&8'.'**&+,$" '" *'&6+,$;" .$" (%'&+6')*$/+8)'" '" G$.>*$/+8)'"0+")>8G'"$**+G+*S"0+"6$&j'*+)2"'"%&868/+8)$.+"%'&"+."d>,V(+$"U&$)0;"+."(8(*'2)8"$..8"(G+.>%%8"0+" %&82'**+" 0+" 0+G'&(+<+,$/+8)'" <&$" +" %$&*',+%$)*+" $." d>,V(+$" U&$)0" )'+" ('**8&+" 0'." *>&+(68" 2$(*&8)86+,8;" 0'..Z$&*+2+$)$*8"'"0'."*'6%8".+7'&8^"$**+G+*S"0+",8)(>.')/$"'"<8&6$/+8)'"%'&".'"+6%&'('"$**+G'")'."('**8&'" 0'..'"$&*+",&'$*+G'"'"0'..$"%&80>/+8)'"0+"6'0+$"0+2+*$.+A" 3+" *&$**$" 0+" >)" 680'..8" +)" ,>+" +." (>,,'((8" 2')'&$" $.*&8" (>,,'((8" <$G8&')08" >)$" ,>.*>&$" 0+" (8(*'2)8" $..Z+))8G$/+8)'"'",&'$)08">)$"6$(($",&+*+,$"0+"$**+G+*S")'."*'6%8A"_'."CWW\"+."6$&,V+8"d>,V(+$"U&$)0"'".'" $**+G+*S" $0" '((8" ,8&&'.$*'" V$))8" 2')'&$*8" !WH" 6+.+8)+" 0+" [I4;" HO" 6+.+8)+" 0'+" F>$.+" (8)8" &+6$(*+" )'..$" &'2+8)';"(8(*')')08",+&,$"!"!B!"%8(*+"0+".$G8&8"'F>+G$.')*+"$"*'6%8"%+')8"$".+G'..8".8,$.'A" " e'((+6'*4,!0,.#'!*N',$$'7'!,!)*4'$*&+..'*!2&,((*!"[Q!Q%5+##*f" D4R" R>V$..8p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a"'(('&'"$0$**$*8"%'&"%$&*+,8.$&+"2$&'A" e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
J\" "
! ^(,)2'*!0'!2&*3,((*!2+&$,3'2+$'7*!2,&!#+!2&,2+&+6'*4,!0,##+!($&+$,.'+!0'!(7'#%22*!#*3+#,!0+!2+&$,!0'!%4! .&%22*!:^<Q^[!(2+.4*#*!4,##+!7+##,!0,#!g,&$,! I)"2&>%%8"#[1R[4"(%$2)8.8")'..$"G$..'"0'."{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|"KV'",8($"&+6$)'"0$"<$&'|"e>$.+"(8)8".'"%&+8&+*S"%'&"+."<>*>&8|"e>$.+")>8G'" +0''" (8)8" 0+(%8)+7+.+" %'&" &'$.+//$&'" .'" %&+8&+*S|" D" 2&>%%+" V$))8" $),V'" 8&2$)+//$*8" >)" ,8),8&(8" %'&" &$,,82.+'&'" +0''" 0$" *>**'" .'" (,>8.'" 0'." G+..$22+8" '" )>6'&8(+" 'G')*+" %'&" 2.+" $)/+$)+A" D" &+(>.*$*+" (8)8" (*$*+" F>+)0+"0+(,>((+"+)">)Z$(('67.'$"$%'&*$"$..$""%$&*',+%$/+8)'"0+"*>**$".$"G$..'A" e>'(*8" .$G8&8" V$" %8(*8" .'" 7$(+" 0'..Z$)$.+(+" 3ncf;" 0'..Z$)$.+(+" 0'..'" '(+2')/'" '" 0'..Z+)0+G+0>$/+8)'" 0'..'" %&+8&+*S"%'&".$"(*&$*'2+$".8,$.'A"f>**$G+$;">)$"G8.*$",V'")8*+"+"0'**$2.+"0'+"&'28.$6')*+;"0'+"%&82&$66+"'" 0'." 7+.$),+8;" .$" ,86>)+*S" ($&S" )>8G$6')*'" ,8+)G8.*$" )'..Z$0'2>$6')*8" 0'..$" (*&$*'2+$;" )'..$" %&'%$&$/+8)'"0'."%+$)8"0Z$/+8)'"'")'..$"0',+(+8)'"(>+"<8)0+"0$"$(('2)$&'"$"0+G'&('"%&+8&+*SA"?'&"'('6%+8;" )'+"%&','0')*+"%'&+80+"0+"%&82&$66$/+8)'"+"2&>%%+"0+".$G8&8"V$))8"(G+.>%%$*8"$.,>)+"(,')$&+"%'&"+"*+%+"0+" %&82'**+"0$"<+)$)/+$&'",8)"7+.$),+"+)0+,$*+G+A"D"(822'**+"+)*'&'(($*+"0'+"0+G'&(+"2&>%%+"0+".$G8&8"F>+)0+"V$))8" *&$**$*8"'"(8)8"2+>)*+"$">)"$,,8&08"(>..$"0+(*&+7>/+8)'"2')'&$.'"0'+"<8)0+"'"(>..'"%&+8&+*S"0'..$"(*&$*'2+$"0+" (G+.>%%8".8,$.'A" " " " " " " "
JH" "
" 9+&$,!"h!=:+!2&*.&+))+6'*4,!LVDEFLVLV!,!4%*7'!(3,4+&'!2,&!'#!;<:?! B"+(M#"-",."(3*M%.'+'N(XA*(M#'0#*11*&%',"(:;>\^:;:;("(,/'$%(-3",*#%(M"#(%+(F6AY(-%(%,.",)"(2'#,%#"(/,( V/*)#'(,'#1*.%$'(#"+*.%$'(*++*(M#'0#*11*&%',"()"%(2',)%(-.#/../#*+%("()%(%,$"-.%1",.'(#"+*.%$%(*+(M"#%')'( :;>\^:;:;( ")( /,( 2'3/-( -/++'( -$%+/MM'( +'3*+"( )%( .%M'( M*#."3%M*.%$'( ,"++5*1P%.'( )"++"( ,/'$"( -.#*."0%"( )%( -$%+/MM'(#/#*+"(M#"$%-."(M"#(+*(8/0+%*(,"++'(-."--'(M"#%')'(,',34i(2'#,%#"(M"#(",.#*1P%(/,*(M*,'#*1%3*( -/%(#%-/+.*.%()"++5*../*&%',"()"++"(M'+%.%34"()%(3'"-%',"("()%(-$%+/MM'(#/#*+"(,"+(M"#%')'(:;;<^:;>?C(( 7+( M#'3"--'( )%( .#*-2'#1*&%',"( *$$%*.'N( %,2*..%N( ,"+( 3'#-'( )"++*( M#'0#*11*&%',"( :;;<^:;>?N( .#'$*( ,"+( ,/'$'(3%3+'(/,*(/+."#%'#"("$'+/&%',"N(-"0,'()"++*(1*#3*.*(*..",&%',"("(#%+"$*,&*(34"(+"(M'+%.%34"(4*,,'( *--/,.'( ,"++5*0",)*( M'+%.%3*( "( *11%,%-.#*.%$*N( -%*( *( +%$"++'( #"0%',*+"N( -%*( *( +%$"++'( )"%( -%,0'+%( ."##%.'#%`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f"+2*#"N(%,3+/-%',"(-'3%*+"N(*1P%",."( "(-%-."1*("3','1%3'(3'1M+"--%$'C(( 7,(.*+"(-"&%',"(-%(#%M'#.*N(%,2%,"N(/,(-".()%(%,)%3*&%',%(-.#*."0%34"(34"(M'.#*,,'("--"#"(/.%+%(M"#('#%",.*#"(+*( M#'0#*11*&%',"(:;>\^:;:;()"+(F6A(Z/#0%*(8%OC(( " ! ! ! ! ! !
JJ" "
DJ! Q+##-+$$%+6'*4,! 0,##,! 2*#'$'35,! 0'! 3*,('*4,! 0,#! 2,&'*0*! LVV_FLVDC! +#! 4%*7*! 2,&'*0*! 0'! 2&*.&+))+6'*4,!LVDEFLVLV! 4+%8&*+$68" >)$" 7&'G'" $)$.+(+" 0'..5$**>$/+8)'" 0'..'" %8.+*+,V'" 0+" ,8'(+8)'" )'." %'&+808" CWWJYCW!B" ,8)" %$&*+,8.$&'"&+<'&+6')*8"$..'"$))>$.+*S"CW!!YCW!C"'0"$."%&8,'((8"0+"$,,'.'&$/+8)'"0'..$"(%'($"d[34"0'..$" 4'2+8)'" ?>2.+$" %'&" '($6+)$&'" (>,,'((+G$6')*'" +." )>8G8" +6%+$)*8" '" .8" (*$*8" 0'..5$&*'" 0'..$" )>8G$" %&82&$66$/+8)'" (*&>**>&$.'" CW!EYCWCWA" ?'&" .$" (*'(>&$" 0+" *$.'" ('/+8)'" -" (*$*8" 68.*8" >*+.'" ,8)(>.*$&'" $.,>)'"<8)*+"0'..5D(*+*>*8"%>2.+'('"%'&".'"&+,'&,V'"',8)86+,V'"'"(8,+$.+"PD%&'(Q"'0"+)"%$&*+,8.$&'"+."G8.>6'" %>77.+,$*8" )'." CW!E" 98/0+%*( %,( 3%2#"( :;>?^:;>\:;" 0$." F>$.'" (8)8" (*$*+" '(*&$**+" +" ,8)*')>*+" 0'." %&'(')*'" (*>0+8A"
"
DJD!:-+$$%+6'*4,!0,##,!2*#'$'35,!0'!3*,('*4,!4,#!2,&'*0*!LVV_FLVDCR!%4!1%+0&*!0'!('4$,('! _'.",8&(8"0'."CW!C;".$"4'2+8)'"?>2.+$"V$"$0'&+*8"$."?+$)8"0+"1/+8)'"'"K8'(+8)'"P?1KQ",8)"+."?&82&$66$" c%'&$*+G8"4'2+8)$.'"Y"?c"d[34;"(8(*')')08"+)(+'6'"$..'"$.*&'"4'2+8)+"+."%&8,'((8"0+"$,,'.'&$/+8)'"0'..$" (%'($" 0'..'" &+(8&('" ,86>)+*$&+'A" #$" (+*>$/+8)'"
&'2+8)$.'"
&+(>.*$G$"
,86>)F>'" 6')8" ,&+*+,$" &+(%'**8" $" F>'..$" 0'..'" $.*&'" 4'2+8)+" 0'..$" K8)G'&2')/$M" .5')*+*S" 0'..'" &+(8&('" 0'(*+)$*'"$."?1K"P,+&,$"JEH"6+.+8)+Q"'"+" 0$*+" &'.$*+G+" $..$" (%'($" ,'&*+<+,$*$" 'G+0')/+$)8;" 2+S" )'." ,8&(8" 0'." CW!!;" >)$" 6$22+8&'" +)*')(+*S" )'..5>*+.+//8" 0'+" <8)0+;" ,8)" >)" +),&'6')*8" 0'..'" ,'&*+<+,$/+8)+" %&','0')*'"
&+(%'**8" %$&+"
$"
$..5$))8" !!"
%>)*+"
%'&,')*>$.+" %'&" +." d3[" '" $" !E" %>)*+" %'&,')*>$.+" %'&" +." d[34A" 1),V'" 2&$/+'" $." ?1K;" .$" 4'2+8)'" V$" ,8)('2>+*8;" $." *'&6+)'" 0'." CW!B;" >)$" %'&,')*>$.'" 0+" ,'&*+<+,$/+8)'" %'&" +." d[34" %$&+" $." \\;B!m^"+."d3["V$"+)G','"&$22+>)*8">)$"F>8*$"0'."\E;Jm"A"" D." 0$*8" &'.$*+G8" $..$" (%'($" ,'&*+<+,$*$" $." B!" 6$22+8" CW!E" 'G+0')/+$" ,V'" +." ?c4" d3[" V$" &$22+>)*8" +." HCm;" 6')*&'"+."?c4"d[34"V$"&$22+>)*8"+."\OmA"[)*&$67+"+"%&82&$66+"V$))8"(>%'&$*8"+"*$&2'*"0+"(%'($"%&'G+(*+"$" .+G'..8")$/+8)$.';"%$&+"&+(%'**+G$6')*'"$."HW;Hm"%'&"+."d3["'"$."\\;Bm"%'&"+."d[34A" !
JL" "
DJL!:+!2*#'$'3+!0'!3*,('*4,!0,##+![,.'*4,!9%.#'+!4,#!2,&'*0*!LVDEFLVLV! K8)"R'.+7'&$")A"!EOL"0'..$"N+>)*$"4'2+8)$.'"+)"('0>*$"(*&$8&0+)$&+$"0'."!J".>2.+8"CW!E"-"(*$*8"$%%&8G$*8" +." ?&82&$66$" c%'&$*+G8" 4'2+8)$.'" ?>2.+$" CW!EYCWCWA" D." ?c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d[34" CW!E" YCWCW" 0'..$" 4'2+8)'" ?>2.+$" -" +)" ,8&(8" 0+" &'G+(+8)'" %'&" .5+)G+8" 0'..$" *&$(6+((+8)'" 0'<+)+*+G$" $..$" K866+((+8)'" '>&8%'$A" #$"4'2+8)';")'..$"0'<+)+/+8)'"0'..$")>8G$"%&82&$66$/+8)';"V$"*')>*8",8)*8"0'..5'(%'&+')/$"6$*>&$*$")'." ,8&(8" 0'." ,+,.8" CWWJYCW!BA" #5+6%+$)*8" (*&$*'2+,8" +)0+G+0>$" +" <$77+(82)+" &'2+8)$.+;" %$&*')08" 0$..$" ,8)(+0'&$/+8)'"0'+".+G'..+"&$22+>)*+"0$..$"?>2.+$"&+(%'**8"$2.+"87+'**+G+"0'..$"3*&$*'2+$"[>&8%$"CWCWA"!
! ! #$" %&82&$66$/+8)'" 0'..'" &+(8&('" ,86>)+*$&+'" ($&S" 2>+0$*$" 0$..$" )','((+*S" 0+" 6'**'&'" .$" %&868/+8)'" 0'..58,,>%$/+8)'" $." ,')*&8" 0'..'" (*&$*'2+'" 0+" (G+.>%%8" +)" *>**+" +" ('**8&+M" (+" &$<<8&/$" +)" *$." 6808" .5+)*'2&$/+8)'"*&$"%8.+*+,V'"$**+G'"%'&"+.".$G8&8"'"(>%%8&*8"$."('**8&'"%&80>**+G8A" I)" &>8.8" 0+" %&+68" %+$)8;" +)" *$." (')(8;" -" $((>)*8" 0$..$" 4iD;" ,V'" %>a" <$G8&+&'" .$" )$(,+*$" 0+" )>8G'" 8%%8&*>)+*S" 8,,>%$/+8)$.+M" !1*#.8/0+%*( :;:;;" .$" 3*&$*'2+$" 0+" !1*#.( !M"3%*+%&*.%',( &'2+8)$.';" &+('&G$" >)" &>8.8" 0'*'&6+)$)*'" $..5+)*'2&$/+8)'" *&$" .'" %8.+*+,V'" ,8)" +6%$**8" %8(+*+G8" (>..$" <+.+'&$" 3','-3",&*( ^( -$%+/MM'( "3','1%3'( ^( V/*+%.L( )"++*( $%.*( '" .'" +)+/+$*+G'" 0+" %&868/+8)'" 0'..5+)*'&)$/+8)$.+//$/+8)'" 0'." (+(*'6$"&'2+8)$.'"0'..5+))8G$/+8)'A"e>'(*8")','((+*$"0+">)"&$<<8&/$6')*8"(+$"0$.".$*8"0'..58<<'&*$;",8)"+." (8(*'2)8" $+" %&80>**8&+" 0+" +))8G$/+8)+" '" $..$" .8&8" ,88%'&$/+8)'" '" $..5$,,'((8" $." ,&'0+*8" %'&" (*+68.$&'" JO" "
.5+)G'(*+6')*8" %&+G$*8" +)" &+,'&,$" '" (G+.>%%8;" (+$" 0$." .$*8" 0'..$" 086$)0$" %>77.+,$;" $**&$G'&(8" +." %&'Y ,866'&,+$."%&8,>&'6')*A"" ?8+,Vb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j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i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
D)" 6$*'&+$" 0+" .$G8&8" '" <8&6$/+8)';" .$" (*&$*'2+$" &'2+8)$.'" ,8)(+0'&$" %&+8&+*$&+8" .587+'**+G8" 0'..5+)('&+6')*8T&'Y+)('&+6')*8" )'." 6'&,$*8" 0'." .$G8&8" 0'+" 2+8G$)+;" +)" %$&*+,8.$&'" 0'+" ,8(+00'**+" _[[f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f3" '" Ddf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b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
L!" "
" ! DJC!X&,7'!3*4('0,&+6'*4'!3*43#%('7,! D."%&8,'((8"0+"%&82&$66$/+8)'"&'.$*+G8"$..5>*+.+//8"0'+"d8)0+"3*&>**>&$.+"'"0+"D)G'(*+6')*+"[>&8%'+"CW!EY CWCW" -" >)58,,$(+8)'" ,V'" )8)" %>a" $)0$&'" %'&($^" +)" ,8)(+0'&$/+8)';" +)<$**+;" 0'..$" (,$&(+*S" 0+" &+(8&('" %>77.+,V'",V'",$&$**'&+//$"*$.'"%'&+808"(*8&+,8;"&$%%&'(')*$;"<8&('".$"%+@"+6%8&*$)*'"'"0',+(+G$".'G$"(>" ,>+" %>)*$&';" $" .+G'..8" )8)" (8.8" &'2+8)$.'" 6$" $),V'" )$/+8)$.';" %'&" &+0>&&'" F>'2.+" (F>+.+7&+" ,V';" 8&$6$+" %$*8.82+,$6')*';" $**$)$2.+$)8" +" *'&&+*8&+;" '" +)" %$&*+,8.$&'" +." ='//82+8&)8;" (+$" $" .+G'..8" (*&>**>&$.'" '0" ',8)86+,8",V'"(8,+$.'"'",>.*>&$.'A"" v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
LC" "
e>$.+;"0>)F>';".'",&+*+,+*S"'6'&2')*+"'".'".'/+8)+"$%%&'('"0$..$"(,8&($"%&82&$66$/+8)'|"#'",$&')/'")'..$" %&82&$66$/+8)';" +)" 68.*+" ,$(+" ',,'((+G$6')*'" 2')'&+,$;" V$))8" <$G8&+*8" .$" <&$66')*$/+8)'" )'..5>(8" 0'..'"&+(8&('"0+(%8)+7+.+"(>">)"'.'G$*8")>6'&8"0+"%&82'**+;")8)"('6%&'"+(%+&$*+"0$">)$"G+(+8)'"8&2$)+,$"0'+" <$77+(82)+" '" 0'..'" 8%%8&*>)+*SM" .$" ,$%$,+*S" ,$*$.+//$*+G$" 0+" *$.+" +)*'&G')*+" V$" (>7`*8" >)" <8&*'" &+0+6')(+8)$6')*8A"1.*&'(`;".$",$&')/$"0+">)"$0'2>$*8"%&8,'((8"0+"68)+*8&$22+8"'"2.+"(*&+)2')*+"G+),8.+" 0'."%$**8"0+"(*$7+.+*S"+)*'&)8"P%'&"4'2+8)+"'0"[)*+".8,$.+Q"V$))8"$6%.+<+,$*8",&+*+,+*S"%&8,'0>&$.+".'2$*';"+)" %$&*+,8.$&';"$..$"&'$.+//$/+8)'"0'..'"+)<&$(*&>**>&'"%>77.+,V'A"" 1"F>'(*8"%>)*8",5-"0$",V+'0'&(+"('")8)"(+$"8%%8&*>)8",$67+$&'".$")$*>&$"0'2.+"+)G'(*+6')*+"%$(($)08"0$" >)"680'..8"0+"}<+)$)/+$6')*+"$"%+822+$5;"$"(8(*'2)8"0+"6+,&8"+)*'&G')*+",$&$**'&+//$*+"0$"(,$&($"8&2$)+,+*S" '"6$),$)*+"0+">)$"G+(+8)'"%&8(%'**+,$"P)'."CWWJYCW!B"(+",8)*$)8"JEO"6+.$"%&82'**+Q"$0">)"680'..8"%+@" 8&2$)+,8" '" (*&>**>&$*8" +)" 2&$08" 0+" 6'2.+8" %&86>8G'&'" +" %8*')/+$.+" 0+" (G+.>%%8" '" 0+" ,&'(,+*$" $" .+G'..8" *'&&+*8&+$.'" '" )$/+8)$.'A" K+a" (+2)+<+,$" 8&+')*$&(+" G'&(8" .$" &'$.+//$/+8)'" 0+" 8%'&'" 92&$)0+:;" )8)" *$)*8" +)" *'&6+)+"0+"$668)*$&'"0+"<+)$)/+$6')*8"'&82$*8;"F>$)*8"%+>**8(*8"+)"*'&6+)+"0+"+6%$**8",V'".5+)*'&G')*8" 8"&'*'"0+"+)*'&G')*+"%>a"%&80>&&'"(>."*'&&+*8&+8A"" D)" *$." (')(8;" $" G$..'" 0'..$" <$('" %&82&$66$*8&+$;" $,F>+(+(,'" >)" &>8.8" 0+" %&+68" %+$)8" +." ,8)*&8..8" 0+" 2'(*+8)';" ,V'" &$%%&'(')*$" +." *+68)'" %'&" &+8&+')*$&'" 9+)" ,8&($:" .5$)0$6')*8" 0'." %&82&$66$;" +)" ,$(+" 0+" ',,'/+8)$.+*SA" D)<$**+;" .'" +))8G$/+8)+" +)*&808**';" *&$" .'" F>$.+" .5+6%8(*$/+8)'" $+" &+(>.*$*+" '" +." <8&*'" +6%>.(8" $..$" 0'<+)+/+8)'" 0+" >)$" %&82'**$/+8)'" 0+" F>$.+*S;" $),V'" $**&$G'&(8" .5>*+.+//8" 0'..'" &+(8&('" 0'..5$((+(*')/$" *',)+,$;" 08G&'77'" ,8(*+*>+&'" >)$" *'&$%+$" ,8)*&8" .'" )>6'&8('" &+%&82&$66$/+8)+" &'('(+" )','(($&+'" )'." ,8&(8"0'.",+,.8"CWWJYCW!B"$."<+)'"0+"$2'G8.$&'".5>*+.+//8"0'..'"&+(8&('"'0"'G+*$&'"+"0+(+6%'2)+"$>*86$*+,+A"" ["('"%'&">)"G'&(8;"+."6$22+8&'",')*&$.+(68"0'.")>8G8",+,.8"0+"%&82&$66$/+8)'"%$&&'77'"&+0+6')(+8)$&'" +)"%$&*'".5$%%8&*8"0'+"*'&&+*8&+"'"0'..'"&'2+8)+")'..$"%$)+<+,$/+8)'"0'..'"&+(8&('",86>)+*$&+';"%'&">)"$.*&8" G'&(8;")8)"-"%8((+7+.'"(8**$,'&'".$"2&$)0+((+6$"&'(%8)($7+.+*S"0+",>+"(8)8"+)G'(*+*'".'"4'2+8)+"$..8&F>$)08" (8)8",V+$6$*'"'<<+,$,'6')*'"'"6'&+*8&+$6')*'"$0"$08**$&'".'"0+G'&('".+)''"0+"+)*'&G')*8A" D)"0'<+)+*+G$;"+.".+G'..8"0+"'<<+,$,+$"0'..$"28G'&)$),'"0'+"%&82&$66+"8%'&$*+G+"<+)$)/+$*+"0$+"<8)0+"(*&>**>&$.+" CW!EYCWCW" ($&S" *$)*8" 6$22+8&'" F>$)*8" %+@" (+" &+>(,+&$))8" $" &'$.+//$&'" (*&>**>&'" $66+)+(*&$*+G'" (%',+$.+//$*'" %'&" .$" 2'(*+8)'" '0" +." ,8)*&8..8" 0'2.+" +)*'&G')*+;" %&86>8G')08" '" F>$.+<+,$)08" .'" %&8<'((+8)$.+*S"6$*>&$*'")'+"%$(($*+",+,.+"0+"%&82&$66$/+8)'A"3$&S"8%%8&*>)8"%&8,'0'&';"0>)F>';"+)">)" %'&,8&(8"0+"9,8),')*&$/+8)'"+)*'..+2')*':"'0"'G+*$&'"+."%+@"%8((+7+.'".$"0+(%'&(+8)'"0+"&+(8&('"+)"&+G8.+".'2$*+" $0"+)*'&G')*+",V'")8)"(+"6$)+<'(*+)8"(*&$*'2+,$6')*'">*+.+"'T8",V'")8)"(+$)8"'<<'**+G$6')*'"+)"2&$08"0+" +6%$**$&'"&'$.6')*'"(>..8"(G+.>%%8"(8,+8Y',8)86+,8"0'."*'&&+*8&+8A"D."*>**8"+)"<>)/+8)'"0+"%&8,'0>&'",V'" ,8)(')*$)8"0+"&+(%'**$&'"+"*'6%+"0+"&'$.+//$/+8)'"(*$7+.+*+")'+",&8)8%&82&$66+"P68)+*8&$*+",8(*$)*'6')*'" $),V'" 6'0+$)*'" (%',+<+,+" +)0+,$*8&+" <+)$)/+$&+" '" %&8,'0>&$.+Q" )8),Vb" 0+" %&8,'0>&'" $2'G8.+" 0+" &+%&82&$66$/+8)'"0'2.+"+)*'&G')*+;"7$($*+"(>">)5$/+8)'"(8(*+*>*+G$;"+)"%&'(')/$"0+"+)2+>(*+<+,$*+"&+*$&0+A" LB" "
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h! F! <22&*33'*! :,+0,&?! ,! 3&'$'3'$A! 4,##-+$$%+6'*4,! _'2.+" $))+" CWWJYCW!B;" 08%8" *&'" ?&82&$66$/+8)+" (%'&+6')*$.+;" #[1R[4" ')*&$" )'..$" ,8(`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j!'(2'&+$+!4,##-,#+N*&+6'*4,!0,'!9'+4'!,!4,##-+$$%+6'*4,!+!3&'$,&'! 0'!I#,(('N'#'$A@!'44*7+6'*4,!,!$&+(I,&'N'#'$AJ"K8),'**+",V+$G'",V'")'2.+"$))+"%$(($*+"V$))8",8)*&$00+(*+)*8" .$" %&'0+(%8(+/+8)'" 0+" (*&$*'2+'" 05+)*'&G')*8" ,8)0+G+('" 0$2.+" $**8&+" .8,$.+" '0" V$))8" ,8)*&$(('2)$*8" .Z8&+2+)$.+*S"0'+"%+$)+"0+"(G+.>%%8".8,$.'"+",>+"+)0>77+"&+(>.*$*+"(8)8"$..$"7$('"0'..$"&+%&8%8(+/+8)'"0+"#'$0'&" '"0'+"N1#"0$"%$&*'"0'..$"K866+((+8)'"'>&8%'$A" e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`" 0+G'&(8" G')+G$)8" %'&*$)*8" 8(*$,8.$*+" 8" %'&(+;" $" ,$>($" 0+" %$&*+,8.$&+" G+),8.+" +)" 6$*'&+$" 0+" +))8G$/+8)'" '" 0+" +)*'&G')*+" 0+" %+,,8.$" (,$.$;" ')*&$67+" $(%'**+" ,V+$G'" 0'." G$.8&'" $22+>)*8" 0+" #[1R[4A" LE" "
=8.*+"*&$"+"N1#",V'"G$)*$)8"6$22+8&'"'(%'&+')/$"V$))8"*&8G$*8"F>'(*+",$67+$6')*+"0+<<+,+.+"0$"2'(*+&'"'" +6%'2)$*+G+"+)"*'&6+)+"0+"*'6%8"'"&+(8&(';"$.,>)+"V$))8"*&8G$*8"0+<<+,8.*S"$0"$0$**$&(+;"'".$"6$22+8&"%$&*'" 0'+")>8G+"N1#")8)"$G'G$"$.,>)$"'(%'&+')/$"%&','0')*'",8)",>+",8)<&8)*$&(+A"" v" %8((+7+.';" +)<+)';" ,V'" .$" ,&+(+" ',8)86+,$" $77+$" ')<$*+//$*8" .5$GG'&(+8)'" $." &+(,V+8;" ,V'" $77+$" &'(8" +" <+)$)/+$6')*+",86%.'6')*$&+"%+@"0+<<+,+.+"0$"8**')'&'"'"+.",8+)G8.2+6')*8"%+@"0+<<+,+.'"0$"2+>(*+<+,$&'A" f&$" 2.+" $00'**+" $+" .$G8&+" -" 8&6$+" 8%+)+8)'" ,86>)'" ,V'" .5$**>$.'" ?&82&$66$/+8)'" )8)" $77+$" 7')" &'28.$6')*$*8" +." %$(($22+8" 0'..5'k" +)+/+$*+G$" #'$0'&" $..5+)*'&)8" 0'." F>$&*8" 1(('" 0'+" ?34" '" ,V'" (+" (+$" &+G'.$*$"<8&*'6')*'"%')$.+//$)*'"%'&"#[1R[4"'"%'&"+"(>+"2'(*8&+"%&+),+%$.+M"+"N1#"'".'"1>*8&+*S"0+"N'(*+8)'" P10NQA"" N+S" )'." )8G'67&'" CW!W" $" U&>k'..'(;" +)" 8,,$(+8)'" 0'..$" &+>)+8)'" 0'." E'1%.*.'( "/#'M"'( A"*)"#;" )'." 0+7$**+*8" *&$" +" &$%%&'(')*$)*+" 0'..$" K866+((+8)'" '>&8%'$;" .'" 4'*+" )$/+8)$.+" '0" +" N1#" '6'&2'G$)8" ,8)" 'G+0')/$" .'" ')8&6+" ,&+*+,+*S" +),8)*&$*'" 0$+" N&>%%+" 0+" 1/+8)'" #8,$.'" +)" <$('" $**>$*+G$" '" (+" $66'**'G$" .$" )','((+*S" 0+" &+%')($&'" $..51%%&8,,+8" #[1R[4" )'..$" ?&82&$66$/+8)'" CW!EYCWCW" %'&" &'(*+*>+&'" $" F>'(*8" 1(('".'"%&8%&+'",$&$**'&+(*+,V'A"" #'" ,&+*+,+*S" G'&+<+,$*'(+" +)" *>**8" +." *'&&+*8&+8" '>&8%'8;" (8)8" (*$*'" &'2+(*&$*'" $),V'" +)" D*$.+$" ,$>($)08" *&$" .5$.*&8">)",8)(+0'&'G8.'"&$..')*$6')*8")'..$"G'.8,+*S"0'..$"(%'($"+)"*>**'".'"&'2+8)+M"7$(*$",8)<&8)*$&'"+" 0$*+" $" .+G'..8" )$/+8)$.'" &'.$*+G+" $..$" (%'($" )'..'" (,8&('" %&82&$66$/+8)+" '" F>'..+" &'.$*+G+" $..5$**>$.';" %'&" +)*>+&'",8)"+66'0+$*'//$"F>$)*8"+),+(+G'"'"0+<<>('"(+$)8"*$.+",&+*+,+*SA" 2/($0%#)(//(#3,'$0'3"/'#0,'*'0'*:#'$0%$*,"*(#)"'#;<!#$(/#3(,'%)%#=>>?@=>AB# !A"1%%'($)*+6')*8"7>&8,&$*+,8"')8&6'",8)",8)('2>')*'"0+.$*$/+8)'"+)(8(*')+7+.'"0'+"*'6%+"(+$"%'&" F>$)*8" $**+')'" .$" %&8,'0>&$" 0+" ('.'/+8)'" 0'+" 7')'<+,+$&+" <+)$.+;" (+$" %'&" F>$)*8" $**+')'" .$" %&8,'0>&$" &'.$*+G$"$+",8)*&8..+"(>..'"086$)0'"0+"%$2$6')*8"'"0>)F>'"(>..$"(%'($A"" CA"9D)2'(($6')*8:"0+"#'$0'&"$..5+)*'&)8"0'..'"=+(>&'"0'."?34"'"0+"F>$)*8"%&'G+(*8"0$+"7$)0+"&'2+8)$.+" ,8)" ,8)('2>')*'" +6%8((+7+.+*S" 0+" &'$.+//$&'" +))8G$/+8)'" '" (%'((8" 0+" $**>$&'" F>$)*8" %&82&$66$*8" )'."?3#A"" BA"D"*'6%+"0+"$GG+8"0'+"?3#"(8)8"(*$*+"*&8%%8".>)2V+"&+(%'**8"$..Z$%%&8G$/+8)'"0'."?34"0'..$"4'2+8)'" ?>2.+$A" e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a"V$",86%8&*$*8">)"(+2)+<+,$*+G8"&'2&'((8"0+"$>*8)86+$"0'+"N1#" &+(%'**8"$..'"%&','0')*+"%&82&$66$/+8)+A"" \A"#$",88%'&$/+8)'"+)*'&*'&&+*8&+$.'"'"*&$)()$/+8)$.'"-"(*$*$"%')$.+//$*$"+)"*>**8"+."?$'(';"*>**$G+$".$" 4'2+8)'"(*$"0+68(*&$)08"0+"%8&*$&'"$G$)*+"%&82'**+""$"G$.')/$"&'2+8)$.'",8)"+6%8&*$)*+"&+,$0>*'"(>." *'&&+*8&+8A" !
L\" "
!
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k)1!0'!$,&&'$*&'*!&,.'*4+#,"PTaUQ;",8(`",86'"68(*&$".$"(8**8(*$)*'"$+N,##+A" "
" LH" "
" D)"%$&*+,8.$&';"2.+"87+'**+G+",V'"(8)8"(*$*+"%'&('2>+*+"+)"?>2.+$;"6'0+$)*'".$"%&82&$66$/+8)'"#'$0'&"(8)8"+" ('2>')*+M"" !
.$"0+G'&(+<+,$/+8)'"0'..'"$/+')0'"+)"$**+G+*S")8)"$2&+,8.'"P$2&+*>&+(68;"6$(('&+$"0+0$**+,$;"6$(('&+$"
(8,+$.';"$2&+Y$&*+2+$)$*8"'"%&80>/+8)'"0+"')'&2+$"0$"7+86$((';"<8*8G8.*$+,8"'0"'8.+,8Q^" !
+."(8(*'2)8"$..$",&'$/+8)'"'"$..8"(G+.>%%8"0+"6+,&8+6%&'('"P$&*+2+$)$*8"*+%+,8;"%&808**+"*+%+,+;"('&G+/+"
$..$"%8%8.$/+8)'Q^" !
.5+),')*+G$/+8)'" 0+" $**+G+*S" *>&+(*+,V'" P,&'$/+8)'" 0+" +*+)'&$&+" )$*>&$.+(*+,+" '0" ')82$(*&8)86+,+;"
,&'$/+8)'" 0+" ,')*&+" 0+" +)<8&6$/+8)'" '" 0+" $,,82.+')/$" *>&+(*+,$;" &'$.+//$/+8)'" 0+" (')*+'&+" ,86%$*+7+.+" ,8)" .Z$67+')*'" )$*>&$.';" ,866'&,+$.+//$/+8)'" '" %&868/+8)'" 0'..Z8<<'&*$" 0+" *>&+(68" &>&$.';" ,&'$/+8)'" 0+" (*&>**>&'"0+"%+,,8.$"&+,'**+G+*SM"$.7'&28"0+<<>(8Q^"" !
+"('&G+/+"'((')/+$.+"%'&".Z',8)86+$"'".$"%8%8.$/+8)'"&>&$.'"P('&G+/+"0+",$&$**'&'"0+0$**+,8;",>.*>&$.'"'"
&+,&'$*+G8;"('&G+/+"0+">*+.+*S"(8,+$.';"('&G+/+"0+"$((+(*')/$"$..Z+)<$)/+$;"('&G+/+"0+"*&$(%8&*8;"&'*+"*',)8.82+,V'" 0+"+)<8&6$/+8)'"'",86>)+,$/+8)'Q^" !
.$" *>*'.$" '" .$" &+F>$.+<+,$/+8)'" 0'." %$*&+68)+8" &>&$.'" P+)*'&G')*+" 0+" &'(*$>&8" '" 0+" G$.8&+//$/+8)'" 0'."
%$*&+68)+8",>.*>&$.'"&'2+8)$.';".'"8%'&'"0+"6$)>*')/+8)'"(*&$8&0+)$&+$"0'2.+"8.+G+"68)>6')*$.+Q^" !
.$"<8&6$/+8)'"'".5+)<8&6$/+8)'"0'2.+"$2&+,8.*8&+A"
f$.+"87+'**+G+"V$))8"(*+68.$*8".'"%8*')/+$.+*S"(8,+8Y',8)86+,V'"0'+"*'&&+*8&+"&>&$.+"%>2.+'(+"6$22+8&6')*'" +)*'&'(($*+"0$"<')86')+"0+"%8G'&*S;"6$&2+)$.+*S"',8)86+,$"'"0+(8,,>%$/+8)';"<$G8&')08".'",8)0+/+8)+"%'&" .$" 0+<<>(+8)'" 0+" 680'..+" 0+" (G+.>%%8" $>*82')+;" +)*'2&$*+" '" (8(*')+7+.+;" *$.+" 0$" ,8)(')*+&'" $/+8)+" 0+" &+G+*$.+//$/+8)'"*'&&+*8&+$.'"+)"2&$08"0+"2')'&$&'">)$"%&82&$66$/+8)'"0$."7$((8A"" 3>" (,$.$" .8,$.'" -" +)0>77+8;" +)<$**+;" .5'<<'**8" %8(+*+G8" '('&,+*$*8" 0$..5$GG+8" 0+" $**+G+*S" +6%&')0+*8&+$.+" $.*'&)$*+G'"$"F>'..'"$2&+,8.'"*&$0+/+8)$.+;"(+$"+)"*'&6+)+"0+"$**&$/+8)'"0+"*>&+(*+;"(+$"(>+".+G'..+"8,,>%$/+8)$.+;" (+$" (>..5+)08**8" 0'..5'0+.+/+$" '" 0'..$" &+(*8&$/+8)';" (+$" +)" *'&6+)+" 0+" $>6')*8" 0'..$" ,$%$,+*S" 0+" (%'($" 0'..'" ,86>)+*S".8,$.+A" D)" F>'(*8" ,8)*'(*8;" .$" 4'2+8)'" ?>2.+$" V$" 6'((8" $" G$.8&'" .'" &+(8&('" .8,$.+;" (G+.>%%$)08" .$" %.>&$.+*S" '" .$" 90+6')(+8)'" ,8..'**+G$:" 0'+" (+(*'6+" &>&$.+A" "4I+$$'@! #+! 2*#'$'3+! 0'! (7'#%22*! &%&+#,! 2&*)*((+! 0+##+! 9%.#'+! 3*4!.#'!<(('!"""!,!"h!5+!3*)2#,(('7+),4$,!')2,.4+$*!3'&3+!CC_8!,%&*@!,1%'7+#,4$'!+0!*#$&,!'#!LDU!0,##,! &'(*&(,!$*$+#'!2&*.&+))+$,!2,&!'#!9/[J" "
LJ" "
" " LJC!:*!(7'#%22*!#*3+#,!0'!$'2*!2+&$,3'2+$'7*!BM::QH!4,##,!4%*7,!2*#'$'35,!0'!(7'#%22*!&%&+#,!LVDEFLVLV! #$"(*&$*'2+$"[>&8%$"CWCW"V$",86'"87+'**+G+">)$",&'(,+*$"+)*'..+2')*'"<8)0$*$"(>"+)G'(*+6')*+"%+@"'<<+,$,+" )'." ,$6%8" 0'..5+(*&>/+8)';" 0'..$" &+,'&,$" '" 0'..5+))8G$/+8)';" >)$" ,&'(,+*$" (8(*')+7+.'" <8)0$*$" (>..$" ,86%'*+*+G+*S"0'..5+)0>(*&+$"'",8)*'(*>$.6')*'"(>">)5$**')/+8)'"('6%&'"6$22+8&'"%'&".5$67+')*'"'0"+)" %$&*+,8.$&'" %'&" >)5',8)86+$" ,V'" %&'G'0$" 7$(('" '6+((+8)+" 0+" KcC;" >)$" ,&'(,+*$" +),.>(+G$" ,V'" *')2$" %&'(')*+"%&+6$"0+"*>**8".$"&+0>/+8)'"0'..$"%8G'&*S"'".$",&'$/+8)'"0+")>8G+"%8(*+"0+".$G8&8A"" #5I)+8)'" [>&8%'$" $." <+)'" 0+" ,8)('2>+&'" F>'(*+" 87+'**+G+" 0+" ,&'(,+*$;" &+,V+'0'" $+" *'&&+*8&+" 0+" ,$67+$&'" .5$**>$.'"*')0')/$"%'&",&'$&'".'",8)0+/+8)+"<$G8&'G8.+"$0">)5',8)86+$"%+@",86%'*+*+G$;"$..5$>6')*8"0'." *$((8"0+"8,,>%$/+8)'",8)".587+'**+G8">.*+68"0+"(>%'&$&'".5$**>$.'",&+(+"',8)86+,$A"" D."4'28.$6')*8"'>&8%'8")g"DCVC\LVDC"+)0+,$".'"680$.+*S"0+">(8"0'+"d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jCCA'(-$%+/MM'(+'3*+"()%(.%M'(M*#."3%M*.%$'(RM( (*K(3',3",.#*.'(-/(."##%.'#%(-/P(#"0%',*+%(-M"3%2%3%k(( LL" "
PK(0"-.%.'()*(0#/MM%()Q*&%',"(+'3*+%(3'1M'-.%()*(#*MM#"-",.*,.%()"0+%(%,."#"--%(-'3%'^"3','1%3%(+'3*+%(-%*( M/PP+%3%(34"(M#%$*.%N(,"%(V/*+%N(*(+%$"++'()"3%-%',*+"N(,i(+"(*/.'#%.L(M/PP+%34"N(jj(,i(*+3/,(-%,0'+'(0#/MM'( )%(%,."#"--"(#*MM#"-",.*,'(M%O()"+(\l(m()"0+%(*$",.%()%#%..'(*+($'.'k(( 3K(*../*.'(*..#*$"#-'(-.#*."0%"(."##%.'#%*+%()%(-$%+/MM'(+'3*+"(%,."0#*."("(1/+.%(-"..'#%*+%k(( )K( 3',3"M%.'( .",",)'( 3',.'( )"%( P%-'0,%( "( )"++"( M'.",&%*+%.L( +'3*+%N( "( 3'1M#",)"( "+"1",.%( %,,'$*.%$%( ,"+( 3',."-.'(+'3*+"N(*..%$%.L()%(3#"*&%',"()%(#".%("N(-"()"+(3*-'N()%(3''M"#*&%',"C(jj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o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y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
LO" "
! LJE!"#!2&*3,((*!0'!0,I'4'6'*4,!0,#!9'+4*!0'!/7'#%22*![%&+#,!0,##+![,.'*4,!9%.#'+!LVDE!F!LVLV! #$" 4'2+8)'" ?>2.+$" V$" $GG+$*8" )'." 6$22+8" CW!C" >)" )>8G8" %&8,'((8" 0+" %&82&$66$/+8)'" 0'..8" (G+.>%%8" &>&$.'" &+<'&+*8" $." %'&+808" CW!EYCWCWA" I)" %&8,'((8" 0',+(+8)$.'" +),')*&$*8" (>." ,8+)G8.2+6')*8" $**+G8" 0+" *>**+" 2.+" $**8&+" '" +" (822'**+" %&'(')*+" (>." *'&&+*8&+8A" 1." *'&6+)'" 0'..$" %&+6$" <$('" 0+" .$G8&8" (8)8" (*$*+" +)0+G+0>$*+" +" <$77+(82)+" 0+" +)*'&G')*8" %+@" +6%8&*$)*+" ,V'" (8)8" (,$*>&+*+" 0$..Z$)$.+(+" (*$*+(*+,$" 0'..'" ,$&$**'&+(*+,V'"(8,+8Y',8)86+,V'"'"$67+')*$.+"0'."*'&&+*8&+8"&'2+8)$.'"';"$),8&$;"0$..'"(8..',+*$/+8)+"'"0$+" (>22'&+6')*+"$G$)/$*+"0$"*>**+"+"%8&*$*8&+"0+"+)*'&'(('",V'"V$))8"G8.>*8",8)*&+7>+&'"+)"%&+6$"%'&(8)$"$..$" ,8(*&>/+8)'"0'.")>8G8"?34"CW!EYCWCW"0'..$"?>2.+$A" D"<$77+(82)+"0'.")>8G8"?+$)8"0+"3G+.>%%8"4>&$.'"%>2.+'(';",V'"+)*'&'(($)8".5822'**8"0'."%&'(')*'"(*>0+8" (8)8" F>'..+" .'2$*+" $..$! ?&+8&+*S" H" 96)'M"#*#-%( M"#( +Q%,3+/-%',"( -'3%*+"N( +*( #%)/&%',"( )"++*( M'$"#.L( "( +'( -$%+/MM'( "3','1%3'( ,"++"( &',"( #/#*+%:;" ,8)" %$&*+,8.$&'" &+2>$&08" $+" ('2>')*+" $(%'**+M" d8,>(" $&'$" 1" 9J*$'#%#"(+*()%$"#-%2%3*&%',"N(+*(3#"*&%',"("(+'(-$%+/MM'()%(M%33'+"(%1M#"-"(,',34i()"++Q'33/M*&%',":A" #5$)$.+(+" (p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p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d[134" '" d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
OW" "
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v" )','(($&+8" $,,')*>$&'" +" <$**8&+" '" 2.+" +6%$**+" (+)'&2+,+" 0'." &>8.8" '" 0'..58%'&$*8" 0+" *$.+" (822'**+" '" <>)/+8)+" ,8..'**+G';" &+0>,')08" )'." ,8)*'6%8" +" %8((+7+.+" '<<'**+" 0+" +)*'&<'&')/$" '" (8G&$%%8(+/+8)'" *&$" $&''" 0',+(+8)$.+"'"<>)/+8)$.+",V'"%8((8)8"0'*'&6+)$&'"+)>*+.+"0>%.+,$/+8)+"8",8)*&$(*+"8%'&$*+G+A" #$" ?>2.+$" $**>'&S" +." #[1R[4" )'..'" $&''" '.'22+7+.+" )'..5$67+*8" 0'." d[134;" ,8(*+*>+*'" 0$..'" 6$,&8$&''" ,.$((+<+,$*'" ,86'" 9$&''" &>&$.+" +)*'&6'0+':" '" ,86'" 9$&''" &>&$.+" ,8)" %&87.'6+" ,86%.'((+G+" 0+" (G+.>%%8:" '" )'..'" 9$&''" $0" $2&+,8.*>&$" +)*')(+G$" (%',+$.+//$*$:" ,V'" (8)8" &+(>.*$*'" 7')'<+,+$&+'" )'..5$67+*8" 0'..$" %&82&$66$/+8)'"CWWJTCW!B;"'")'..'"$&''"'.'22+7+.+"$."<+)$)/+$6')*8"0'."d[1=?;",8(*+*>+*'"0$+"*'&&+*8&+" 0'+"K86>)+"0'..'"$&''"6$&+)'",8(*+'&';".$2>)$&+;".$,>(*&+"'"<.>G+$.+A"" [(,.>(+G$6')*'")'..'"$&''",.$((+<+,$*'",86'"9$&''"&>&$.+",8)"%&87.'6+",86%.'((+G+"0+"(G+.>%%8:"-"%&'G+(*8" $),V'"+."<+)$)/+$6')*8"0'+"<8)0+"d[34"'"d3[A"38)8"+),.>('")'+"*'&&+*8&+"'.'22+7+.+".'"+(8.'"$66+)+(*&$*+G'" 0'+"%8.+">&7$)+;",V'"($&$))8",.$((+<+,$*'"(>..$"7$('"0'..$",.$((+<+,$/+8)'"0'..5$&'$",8)*+2>$A" N.+"87+'**+G+",V'",+$(,>)"?+$)8"0+"3G+.>%%8"#8,$.'"%'&('2>+&S"($&$))8"<+)$.+//$*+"$"%&',+(+"$67+*+"*'6$*+,+;" %+@"(%',+<+,+"0+"F>'..+">*+.+//$*+"+)"%$(($*8A"e>$.(+$(+"(+$".5$67+*8"*'6$*+,8"(,'.*8;")'..$"(*&$*'2+$"08G&$))8" '(('&'" %&+G+.'2+$*+" +)*'&G')*+" +))8G$*+G+" '" 08G&$))8" '(('&'" %&'G+(*+" +)*'&G')*+" 0+" %+,,8.$" (,$.$" '" %&82'**+" +)*'2&$*+",V'"6'2.+8",8),8&&$)8"$"&$22+>)2'&'"+"&+(>.*$*+"0'.+)'$*+")'..$"(*&$*'2+$A"""" #$"(*&$*'2+$"0'+"?3#"08G&S"(G+.>%%$&'"$/+8)+"0+"(+(*'6$"+)*8&)8"$"*'6$*+(6+"(%',+<+,+",V'"+."N1#"(,'2.+'&S" *&$"F>'..+"+)0+,$*+"0$..$"4'2+8)'",V'"(8)8;"+)"8&0+)'"0+"%&+8&+*SM"" !Af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d[134"h"d[1=?QA"" " O!" "
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b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p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d[?" Pd8)08" '>&8%'8" %'&" .$" %'(,$Q",V'",8%&8)8"%&'((8,Vb"82)+"$)28.8"0'..Z[>&8%$"&>&$.'"'"2&$)"%$&*'"0'..'",8(*'A"" 1),V'" 2.+" +)G'(*+6')*+" ,86%.'((+G+" %>77.+,+" '" %&+G$*+" (8(*')>*+" 0$" F>'(*+" %$&*')$&+$*+" (8)8" ,&'(,+>*+;" <+)8" $" &$22+>)2'&'" ,+&,$" L;H" 6+.+$&0+" 0+" [I4" )'." %'&+808" CWWJYCW!B;" %'&" (8(*')'&'" >)Z$6%+$" 2$66$" 0+" %&82'**+" (8%&$**>**8" 0+" %+,,8.'" 0+6')(+8)+;" 6+2.+$+$" 0+" +6%&'('" '" 0+" %8(*+" 0+" .$G8&8" '" 6+2.+8&$)08" (')(+7+.6')*'" +" ('&G+/+" .8,$.+"'".Z$67+')*'A!
" !
OC" "
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a"$,,$0'&'"(%8)*$)'$6')*'A! 4+%8&*+$68;" F>+)0+;" $.,>)+" %>)*+" ,V+$G'" 8" F>'(*+8)+" ,V'" %8((8)8" '(('&'" %&'('" +)" ,8)(+0'&$/+8)'" )'..5'($6+)$&'".5$%%&8,,+8"#[1R[4"'",86'"'((8"%>a"'(('&'"&+)G+28&+*8"8"&+))8G$*8A! " CJD!:'4,,!.%'0+!2,&!)'.#'*&+&,!#b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b" )8)" ,82.+'&'" .Z8%%8&*>)+*S" %'&" $22+8&)$&'" 8" &+))8G$&'" +." N1#|" D)" ,V'" 6808" +." N1#" %>a" 8**+6+//$&'" .$" %&8%&+$" '(%'&+')/$" .8,$.'" '((')/+$.';" .$" ,8)8(,')/$" '" .$" ,86%&')(+8)'" $)$.+*+,$|" I)" &+))8G$6')*8" 8" >)" ,$67+$6')*8" 0+" %&8(%'**+G$" %>a" <8&)+&'" )>8G$" ')'&2+$" G+*$.'" '" )>8G8" (.$),+8;" >)" N1#" 6$22+8&6')*'" &$%%&'(')*$*+G8" )8)" (8.8" ,8+)G8.2'" %'&(8)'" )>8G';" 6$" %>a" $%&+&'" )>8G'" 8%%8&*>)+*S;" %8&*$&'" )>8G'" &+(8&(';"+0''"'"+))8G$/+8)+"';"&$<<8&/$)08"+".'2$6+".8,$.+;"%8*&'77'"+),8&$22+$&'"$.*&+"$0"'(('&'",8+)G8.*+A" K8)".5'.'),$/+8)'"0+"%>)*+",V+$G'"(+"+)*')0'"<8&)+&';",8)".5$>(+.+8"0'..'"6'*808.82+'"'"0'+",8)*')>*+"8<<'&*+" 0$..$" 4'*'" 4>&$.'" [>&8%'$;" >)" j+*" 0+" (>%%8&*8" *',)+,8Y8%'&$*+G8" >*+.'" )'." %'&+808" 0+" %$(($22+8" %'&" .$" ,8(*+*>/+8)'"'T8"&+))8G$6')*8"0'+"N&>%%+"0+"$/+8)'".8,$.'A" D" G$&+" 680>.+" ,V'" ,86%8)28)8" F>'(*$" ('/+8)'" <8&)+(,8)8" >)$" 2>+0$" $..'" <$(+" %&+),+%$.+" 0+" F>'(*8" %&8,'((8^"'(('"8<<&8)8"8&+')*$6')*+"%'&"+"N1#"%+@"'(%'&*+;"%'&"&+G'0'&'"'"$22+8&)$&'"+"%&8%&+"6'*80+")'..$" %&'%$&$/+8)'"0+">)$")>8G$"(*&$*'2+$"0+"(G+.>%%8".8,$.'"'"%'&"+")>8G+"N1#",V'"(*$))8"$GG+$)08"+."%&8,'((8" %$&*',+%$*+G8A" OB" "
D"680>.+"%&8%8(*+"(8)8M" "
4+))8G$6')*8"0+"#[1R[4"
"
#5'.$78&$/+8)'"0'..$"(*&$*'2+$M"K86'",8(*&>+&'">)$"(*&$*'2+$"%$&*',+%$*+G$"0+"(G+.>%%8".8,$.'|""
"
K86'"0'<+)+&'".'"%&+8&+*S"*&$"87+'**+G+"0+G'&(+|"
"
K8($"(+"+)*')0'"%'&"+))8G$/+8)'|"
"
K86'"0'<+)+&'"2.+"+)0+,$*8&+|"
"
K86'"8**')'&'",$)0+0$*>&'"0+"%&82'**8",V'",&'$)8"G$.8&'"$22+>)*8|"
"
K86'"+),')*+G$&'".5+))8G$/+8)'|"
"
K86'"0'<+)+&'"+",&+*'&+"0+"('.'/+8)'"0'+"%&82'**+|"
"
K86'"('.'/+8)$&'".'",$)0+0$*>&'"6+2.+8&+|"
"
K86'"2$&$)*+&'">)",8&&'**8"(G8.2+6')*8"0'+"%&82'**+|"
"
K86'"6+(>&$&'"'"08,>6')*$&'"+"&+(>.*$*+"0'+"%&82'**+|"
" " " " " " " " " " "
" " " " " " " " " " OE" "
!"##$%&'(#)$*+"*,-./-!* #
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
# # !"# #
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
$(5+-'+*4&#84&)6(# W4*#2&#84+-'+8*2+#4*''(5*-3*H+(-+#&5&4)&#3*+#2*@(4+#3&+#V('1)# >4(18# &14(8&+# 6&-16()+# *# `41a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bcde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f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
!Y# #
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f# -(-# C*)6*# 2+5+6*4)+# *# +-.(45*4&# 2*# 8(8(2*H+(-&# 2('*2&# )122*# 8())+C+2+6M# 3+# '(-64+C1+4&# *22O&2*C(4*H+(-&# 3+# 1-*# GG9# &# 84&)&-6*4&# 1-*# 4+'%+&)6*# 3+# .+-*-H+*5&-6(# 8&4# +2# 6&44+6(4+(?# `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`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h&C# '+# )(-(# 5(26&# 4+)(4)&# )122&# 6&'-+'%&# 8*46&'+8*6+@&A#6&'-+'%&#)&582+'+#B1*2+#+#PC1HH#,4(18QD#&)&4'+H+# 6&)+# *# +-3+@+31*4&# 2&# 84+(4+6MD# &# +2# 5(3(# +-# '1+# +# .*'+2+6*6(4+# 4*''(2,(-(# +2# .&&3C*'i# )(-(# 6166+# &2&5&-6+# '%&# 8())(-(# '(-64+C1+4&#*2#'(+-@(2,+5&-6(#3&22&#8&4)(-&?# N-*#@(26*#)6*C+2+6*#B1&)6*#8+J#*58+*#C*)&#3+#8*46&'+8*H+(-&D# F#+58(46*-6&#'(51-+'*4&#+-#5(3(#&..+'*'&D#(..4+4&#.&&3C*'i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
!g# #
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h*4&# 8&4# .*'+2+6*4&# B1&)6*#*-*2+)+#Z5*64+'+D#3+*,4*55+#3+#4&2*H+(-&D#3+*,4*55+#3+# '*8*'+6M#(4,*-+HH*6+@&D#5*88&#5&-6*2+D#&''?[?* * A0:55"*+"*3&%$0$# $(5&# +-3+'*6(#8())(-(# &))&4&# +)6+61+6+# 8+''(2+# ,4188+# 3+# 2*@(4(# )1# C*)&# 6&5*6+'*D# )&66(4+*2&# (# 6&44+6(4+*2&D# &# )*4M# *-'%&# 8())+C+2&# 16+2+HH*4&# 1-*# '(5C+-*H+(-&# 3+# B1&)6+# 6+8+D# *88(46*-3(# 1-# '(-64+C16(# )+*# *22&# '(-()'&-H&# )8&'+*2+)6+'%&# '%&# *22*# 8+J# *58+*# 8*46&'+8*H+(-&# 2('*2&?# E1*21-B1&# )+*# 27*884(''+(# *3(66*6(D# F# +58(46*-6&# '%&# B1&)6+# ,4188+# 4+&)'*-(# *# 5&66&4)+# +-# 4&2*H+(-&# &# '(51-+'*4&# +-# 5(3(# &..+'*'&#'(-#+2#,4188(#3+#2*@(4(#84+-'+8*2&#3&22*#GG9?#9*#)'&26*# &# +2# -15&4(# 3+# 6&5+# 8&4# 6*2+# ,4188+# 3+8&-3&# 3*2# 6&44+6(4+(D# 3*22&# 4+)(4)&# 3+)8(-+C+2+# &# 3*227*-*2+)+# 6&44+6(4+*2&# +-+H+*2&?# U# ,4188+# 8())(-(# *-'%&# '()6+61+4)+# '(5&# 5&HH(# 8&4# '(+-@(2,&4&# ,4188+# )@*-6*,,+*6+# (# 3+..+'+2+# 3*# 4*,,+1-,&4&# (# 8&4# '(-)&-6+4&# 271)(# 3+# 5&6(3+# '%&# .*'+2+6*-(# 2*# 8*46&'+8*H+(-&?# $(-)+3&4*4&# 2*# '(58()+H+(-&# 3+# B1&)6+# ,4188+# F# +58(46*-6&# 8&4# ,*4*-6+4&# '%&# .1-H+(-+-(# +-# 5(3(# &..+'*'&f# 27(C+&66+@(# F# B1&22(# 3+# '(+-@(2,&4&# 1-# *58+(# )8*''*6(# 3+# 8&4)(-&# 2('*2+# '%&# )+*-(# 5(6+@*6&# &# '%&# *CC+*-(# +3&&?# G+# 3&@&# 84&)6*4&# *66&-H+(-&# *# 84&-3&4&# +-# '(-)+3&4*H+(-&# 2&# 4&2*H+(-+# (# 2&# 3+-*5+'%&# *227+-6&4-(# 3&22&# '(51-+6MD# 8&4# &)&58+(# )&2&H+(-*-3(# 84&)+3&-6+# '%&# ,(3(-(# 3&22*# .+31'+*# &# 3&2# 4+)8&66(# 3&22*# '(51-+6M# (# &@+6*-3(# +# '()+33&66+# k)(,,&66+# C2(''*-6+k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f# B1+# +2# 5(66(# P2O+-)+&5&# F# 8+J# ,4*-3&# 3&22*# )(55*# 3&22&# )1&# 8*46+Q# )*4&CC&# *))(216*5&-6&# *884(84+*6(?# U2# ,4188(# >;9# (# +2# ,4188(# 3+4&66+@(# 3&@&# 5()64*4&# 1-*#
!j# #
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f# 8&46*-6(D# 2&# )64*6&,+&# >;9# 8())(-(# &# *-H+# 3&@(-(# 4+)8&''%+*4&#+#.*CC+)(,-+#&#2&#'*8*'+6M#2('*2+#&#3&@(-(#&))&4&# *3*66*6+# )122*# )'(46*# 3+# B1&)6+?# 9(# )@+2188(# 3&22*# GG9D# 3&22*# 64+*3&#&#3&22O*884(''+(#9:;<:=#4+'%+&3&#31-B1&#2O+58+&,(#3+# *2'1-+#&2&5&-6+#'(51-+D#&#84&'+)*5&-6&A# R#1-#5&6(3(#3+#84&8*4*H+(-&#3&22*#GG9#3+#6+8(#8*46&'+8*6+@(#&# ,&)6+6(#*66+@*5&-6&D# R# '%&# '(+-@(2,*# 1-# 8*46&-*4+*6(# >;9# *3&,1*6*5&-6&# )6416614*6(D# #
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e# 3&2# G(66('(5+6*6(# 9:;<:=D# &# )*4M# 3&.+-+6(# 126&4+(45&-6&# -&,2+# (4+&-6*5&-6+# $:#8&4# 2&# ;16(4+6M# 3+# ,&)6+(-&#&#+#>;9?# # >2+#&2&5&-6+#+-3+)8&-)*C+2+#)8&'+.+'*6+#)(-(#+#)&,1&-6+A# d?1-*# 3&.+-+H+(-&# 3&2# 6&44+6(4+(# &# 3&22*# 8(8(2*H+(-&# +-6&4&))*6+#3*22*#)64*6&,+*f# b?1-7*-*2+)+#3&22&#&)+,&-H&#3+#)@+2188(#&#3&22&#8(6&-H+*2+6M#3&2# 6&44+6(4+(D# '(584&)*# 1-7*-*2+)+# 3&+# 81-6+# 3+# .(4H*D# 3&22&# '*4&-H&D#3&22&#(88(461-+6M#&#3&+#4+)'%+f# l?1-*# 3&)'4+H+(-&# 3&22*# )64*6&,+*# &# 3&+# )1(+# (C+&66+@+D# 1-7+221)64*H+(-&# 3&2# '*4*66&4&# +-6&,4*6(# &# +--(@*6+@(# 3&22*# )64*6&,+*# &# 1-*# ,&4*4'%+*# 3+# (C+&66+@+D# '(-# +-3+'*H+(-&# 3+# (C+&66+@+#84&'+)+#&#5+)14*C+2+#8&4#2&#4&*2+HH*H+(-+#&#+#4+)126*6+?#9*# )64*6&,+*#3&@&#&))&4&#'(&4&-6&#'(-#+#84(,4*55+#8&46+-&-6+#3+# 6166+#+#V(-3+#3&2#EG$#+-6&4&))*6+f# e?1-*# 3&)'4+H+(-&# 3&2# 84('&))(# 3+# 8*46&'+8*H+(-&# 3&22*# '(51-+6M#*227&2*C(4*H+(-&#3&22*#)64*6&,+*f# "?1-# 8+*-(# 37*H+(-&# '%&# 64*31'*# ,2+# (C+&66+@+# +-# *H+(-+# '(-'4&6&f# Y?1-*# 3&)'4+H+(-&# 3&22&# 5(3*2+6M# 3+# ,&)6+(-&# &# )(4@&,2+*-H*# 3&22*#)64*6&,+*D#'%&#3+5()64+#2*#'*8*'+6M#3&2#,4188(#3+#*H+(-&# 2('*2&#3+#*661*42*D#&#1-*#3&)'4+H+(-&#3&22&#5(3*2+6M#)8&'+.+'%&# 3+#@*216*H+(-&f# g?+2# 8+*-(# 3+# .+-*-H+*5&-6(# 3&22*# )64*6&,+*D# '(584&)*# 2*# 3(6*H+(-&#84&@+)6*#*#6+6(2(#3+#'+*)'1-#V(-3(#3&2#EG$?# # H(0*1"#"0(# I&2# '(4)(# 3+# 6166+# B1&)6+# 2*@(4+D# +2# ,4188(# 3+4&66+@(# (# ,4188(# >;9# 3&@&# 6&-&4&# *# 5&-6&# 2*# 8*46&# 6&'-+'*# 3&2# 84('&))(D# 84&8*4*-3(#2*#GG9#-&22*#)1*#.(45*#.+-*2&D#'%&#)*4M#84&)&-6*6*# '(5&# 3(5*-3*# 3+# )()6&,-(# 9:;<:=D# &# )@+2188*-3(# +2# 8+*-(# (8&4*6+@(#*664*@&4)(#+2#B1*2&#2*#)64*6&,+*#)*4M#*661*6*?#
!!# #
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
2&# (8H+(-+# 3+)8(-+C+2+?# _,-+# )&66(4&# @&44M# B1+-3+# +3&-6+.+'*6(# '(-#1-#-(5&#(#1-O&6+'%&66*?* * <U*H$;)@")*6$3$0&)"# _,-+#8*46&'+8*-6&#4+'&@&#l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
K08(#)(*
Z'5$0)&#)(#
N4,&-6&# +58(46*-6&#
Y$#*:08(#)(*
Y$#* "'5$0)&#)(#
N4,&-6&# 5*# -(-# I(-#14,&-6&#*#-(-#+58(46*-6&# +58(46*-6&#
&# U58(46*-6&#5*#-(-#14,&-6&*
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
*
* * * * *
dcc# #
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h+'i21-,k#Rd!db[D#m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
84&)'+-3&4&#3*2#.*66(#'%&#6*2&#.(-6&#.())&#,+M#84&)&-6&#(#)+*# )6*6(#-&'&))*4+(#'4&*42*#84&@&-6+@*5&-6&?# 9*# 4&*2+HH*H+(-&# 3+# 1-*# 5+,2+(4&# (4,*-+HH*H+(-&# 3+# 1-*# 3*6*# +-31)64+*D#'(5&#2*#'4&*H+(-&#(#2*#4(6614*#3+#1-*#8()+H+(-&#3+# 5(-(8(2+(# I&22O*5C+6(#3&22OU-+H+*6+@*#'(51-+6*4+*#9:;<:=n#ZbcccRbccY[D# 2*# $(55+))+(-&# *@&@*# 3&.+-+6(# +2# '(-'&66(# 3+# +--(@*H+(-&# +-# 1-*# )1*# $(51-+'*H+(-&# &# +# >;9# &4*-(# *16(4+HH*6+# *# )()6&-&4&A# • 2*# -*)'+6*# 3+# -1(@+# 84(3(66+# &# )&4@+H+# '%&# +-'213&@*-(# 2&# )8&'+.+'+6M#2('*2+D# • -1(@+# 5&6(3+# *66+# *# +-6&4'(--&66&4&# 2&# 4+)(4)&# 15*-&D# -*614*2+# &](# .+-*-H+*4+&# 3&2# 6&44+6(4+(# *+# .+-+# 3+# 1-# 5+,2+(4# ).4166*5&-6(#3&2#8(6&-H+*2&#&-3(,&-(#3&22*#H(-*D# • +-6&4'(--&))+(-+# 64*# )&66(4+# &'(-(5+'+# 64*3+H+(-*25&-6&# 3+)6+-6+D# • .(4512&#(4+,+-*2+#3+#(4,*-+HH*H+(-&#&#8*46&'+8*H+(-&#3&22&# '(51-+6M# 2('*2+# -&22*# .*)&# 3&'+)+(-*2&# &# *661*6+@*# 3&2# 84(,&66(?# U2# J$6:;* A0$:5* +(3* L$))$6$'")&)$* ,-./-!# )122O+--(@*H+(-&D# +)6+61+6(#-&2#bcc!#-&22O*5C+6(#3&22*#=:G=D#%*#)'(8&46(#'%&#-&2# '(4)(# 3&22O*661*2&# 8&4+(3(# 3+# 84(,4*55*H+(-&# 3&* 13(;;"F"3")O* +(3* I:&+0$* #$0'&)"%$* [#(;;:#&* 0"8"+&* +(1"#"2"$#(* +(3* )(0'"#(* "##$%&2"$#(\* 5(0'())(* &+* $8#"* A.,* +"* +(1"#"0(* 3D"##$%&2"$#(*"#*1:#2"$#(*+(3*50$50"$*6$#)(;)$U#
# # # # # # # # # # # # # # # #
dcd# #
E$'(*+(1"#"0(*83"*"#+"6&)$0"G* /(1"#"2"$#(* >2+# +-3+'*6(4+# )(-(# 5+)14&# '%&# .(4-+)'(-(# +-.(45*H+(-+# )122&# 6&-3&-H&# *661*2+# &# 8*))*6&# &3# *+16*-(# +# 4&)8(-)*C+2+# 3&+# 84(,&66+# &# 3&+# 84(,4*55+# *# *3(66*4&# 3&'+)+(-+# '%&# +-.21&-H&4*--(#+#4+)126*6+#.1614+?#9O16+2+6M#3&,2+#+-3+'*6(4+#*+#.+-+# 3&2# 5(-+6(4*,,+(# &# 3&22*# @*216*H+(-&# F# (45*+# *58+*5&-6&# 4+'(-()'+16*?# >2+# +-3+'*6(4+# 3*# 16+2+HH*4&# 3&@(-(# &))&4&# '(44&2*6+# *+# 84(3(66+]4&*2+HH*H+(-+D# *+# 4+)126*6+# &# *22O+58*66(# *66&)+?# G(2+6*5&-6&# B1&)6+# +-3+'*6(4+# )(-(# 3+# 6+8(# -15&4+'(?# W166*@+*D# -&+# '*)+# +-# '1+# -(-# )+*# 8())+C+2&# 5+)14*4&# ,2+# +-3+'*6(4+#'(-#3*6+#B1*-6+6*6+@+#Z)6*6+)6+'+[D#)+#8(64M#4+'(44&4&#*# @*216*H+(-+#B1*2+6*6+@&#(#+8(6&)+#2(,+'%&?# ! Z#+"%"+:&0(*83"*"#+"6&)$0"*5"]*5(0)"#(#)"! 9*# )'&26*# 3&,2+# +-3+'*6(4+# 8+J# +3(-&+# 81L# &))&4&# 3+..+'+2&?# S&4# '()641+4&# 1-# &..+'*'&# )+)6&5*# 3+# 5(-+6(4*,,+(# &# @*216*H+(-&# )*4M# -&'&))*4+*# 2*# 8*46&'+8*H+(-&# 3+# 8+J# 8&4)(-&A# *2'1-+# )*4*--(#+-'*4+'*6+#3&22*#4*''(26*#3*6+f#*264+#3(@4*--(#16+2+HH*42+# &#*264+#*-'(4*#3(@4*--(#3+)8(44&#3&22&#'(58&6&-H&#6&'-+'%&# -&'&))*4+&# 8&4# '(584&-3&4&# +# 81-6+# 3+# .(4H*# &# +# 2+5+6+# 3&22&# 5+)14&# )8&'+.+'%&?# S&4# +-3+@+31*4&# &# )'&,2+&4&# ,2+# +-3+'*6(4+# 8+J# &..+'*'+# F# 8())+C+2&# 4+'(44&4&# *22O*))+)6&-H*# 3+# 1-# .*'+2+6*6(4&?# 9&# 3(5*-3&# 4+8(46*6&# B1+# 3+# )&,1+6(# 8())(-(# *+16*4&# *3# +3&-6+.+'*4&#,2+#+-3+'*6(4+#'%&#5&,2+(#)+#*3*66*-(#*22*#84(84+*# )64*6&,+*#9:;<:=A# *
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
S&4# &))&4&# 16+2+# *+# 4&)8(-)*C+2+# 3&'+)+(-*2+D# +# 3*6+# )1,2+# +-3+'*6(4+# 3&@(-(# &))&4&# 4*''(26+# '(-# 1-*# '&46*# .4&B1&-H*?# U# 3*6+# 3+# 4+)126*6(# )(-(# )8&))(# 3+)8(-+C+2+# 1-+'*5&-6&# )1# C*)&# *--1*2&f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
#
#
dcb# #
# E$'(*$))(#(0(*6&#+"+&):0(*+"*50$8())$*69(*60(&#$*%&3$0(*&88":#)$G* R$F"3")&0(*3(*)0:55(# 9O*-+5*H+(-&#9:;<:=#'(-)+)6&#-&2#5(C+2+6*4&#+#)(,,&66+#2('*2+D# '(-.&4&-3(# 2(4(# 5*,,+(4+# 8(6&4+# &# '(+-@(2,&-3(2+# *66+@*5&-6&# -&22O*661*H+(-&# 3&22*# )64*6&,+*# 9:;<:=# *664*@&4)(#+#84(,&66+#'%&#&))+#+-64*84&-3(-(?#9O*-+5*H+(-&#F# 1-*# '(58(-&-6&# '&-64*2&# 3&2# 84('&))(# 3+# *661*H+(-&# 3&22O*884(''+(# 9:;<:=f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f# *))+'14*# '%&# 2&# *66+@+6M# 8+*-+.+'*6&# -(-# '(+-'+3*-(# '(-# *264&# +-+H+*6+@&# &# 84(51(@&# 2*# 3+..1)+(-&# 3&22&# 5+,2+(4+# 84*6+'%&# &# 3&,2+# &2&5&-6+# +--(@*6+@+# 84(@&-+&-6+# 3*# *264&# *4&&?# U2# >;9# 84(@@&3&#*264&)X#*#)6+2*4&#,2+#&2&-'%+#'(-#+#-(5+-*6+@+#3+#6166+#+# #
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o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
#
# # # # # # # # # # # #
dcl# #
# E$'(*"#6(#)"%&0(*3D"##$%&2"$#(G* ,(*1$#)"*+D"##$%&2"$#(*,-./-!# U2#'*4*66&4&#+--(@*6+@(#3+#9:;<:=#F#*2+5&-6*6(#3*A# d? .(45&# -1(@&# &# +-&3+6&# 3+# *))('+*H+(-&# 3&+# ,4188+# 3O+-6&4&))&D# b? '((8&4*H+(-&# 64*-)-*H+(-*2&D# '%&# 8&45&66&# 2(# )'*5C+(# 3&22&#5+,2+(4+#84*6+'%&D# VU )64*6&,+&# 3+# )@+2188(# 2('*2&# 4&*66+@&# '%&# '(-)&-6(-(# .+-*-H+*5&-6+# +-# ,4*3(# 3+# *))15&4)+# 1-# '&46(# ,4*3(# 3+# 4+)'%+(?* * .;;$6"&0(*+"%(0;(*)"5$3$8"(*+"*&))$0"# I&2#'*58(#3&22(#)@+2188(#414*2&D#2O+--(@*H+(-&#-*)'&#)(@&-6&# 3*# +-'(-64+# +-*66&)+# 3+# 8&4)(-&# (# *66(4+# 2('*2+# '(-# (4+,+-+# &# C*'i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dndpdd[?# 9*# '(-3+@+)+(-&# 3+# 4+)(4)&# &# '(58&6&-H&# 81L# ,&-&4*4&# &'(-(5+&# 3+# )'*2*# &# )+-&4,+&# 16+2+# 8&4# +2# '(-)&,1+5&-6(# 3&,2+# (C+&66+@+# 3&2# 84(,&66(# Z'(5&# *3#
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f#+-3+@+31*4&#1-#8*46-&4# '(55&4'+*2&# '(582&5&-6*4&# *2# .+-&# 3+# 5+,2+(4*4&# 1-# 84(3(66(# (# 1-# 84('&))(f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
dce# #
( ( (
( ( (
E$'(*+(1"#"0(*"*60")(0"*+"*;(3(2"$#(*+("*50$8())"G*
# H(069_* 3&* ;(3(2"$#(* (11"6&6(* +("* 50$8())"* Q* :#&* 5&0)(* "'5$0)&#)(*+(3*50$6(;;$*,-./-!G# `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d? +#'4+6&4+#3+#@*216*H+(-&f# b? +2#84('&))(#3+#@*216*H+(-&f#&# l? +2#5&6(3(#1)*6(#8&4#2O*-+5*H+(-&#3&+#84(,&66+?# #
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
.*''+*-(#B1*-6(#)+#84(8(-,(-(#3+#.*4&#&#'%&#2(#'(51-+'%+-(# '%+*4*5&-6&#*+#4+'%+&3&-6+?# * L(3(2"$#(*(*;%"3:55$*+("*50$8())"B*:#*50$6(;;$*;)0&)(8"6$U# U2# 5(3(# +-# '1+# )(-(# )@+2188*6+# +# 84(,&66+# 81L# +-'+3&4&# -(6&@(25&-6&# )122*# 6+8(2(,+*# &# )122*# B1*2+6M# 3&+# 84(,&66+# 84&)&-6*6+# -(-'%K# )122*# '*8*'+6M# 3&+# 84(,&66+# )6&))+# 3+# 4*,,+1-,&4&#,2+#(C+&66+@+#3&22*#GG9?#U#>;9#3(@4&CC&4(#8&46*-6(# &2*C(4*4&#&#*3(66*4&#1-#84('&))(#3+#)@+2188(#3&+#84(,&66+#'%&# +-'(4*,,+# &# )()6&-,*# 2&# 6+8(2(,+&# 3+# 84(,&66+# +-# ,4*3(# 3+# )(33+).*4&#2&#84+(4+6M#)6*C+2+6&?## * L%"3:55$* ;)0&)(8"6$* +("* 50$8())"7* 6$33(8&0(* 3D&)):&2"$#(* &33&* ;)0&)(8"&U# N-*#@(26*#'%&#+2#>;9#%*#(66&-16(#2O*884(@*H+(-&#3&22*#84(84+*# GG9#&#84('&3&#*22O*H+(-&D#+2#8*))(#)1''&))+@(#F#2(#)@+2188(#&#2*# )&2&H+(-&#3&+#84(,&66+#*664*@&4)(#+#B1*2+#)*4M#*661*6*#2*#GG9?# $(5&#81L#+2#>;9#*))+'14*4&#'%&#@&-,*-(#*@@+*6+D#)@+2188*6+#&# )&2&H+(-*6+# +# 84(,&66+# P,+1)6+QD# (@@&4(# B1&22+# '%&# (264&# *3# &))&4&#'(&4&-6+#'(-#2*#GG9#'(-64+C1+4*--(#+-#5+)14*#5*,,+(4&# *22*# 4&*2+HH*H+(-&# 3&+# )1(+# (C+&66+@+/# $(5&# 81L# +2# >;9# )@+2188*4&#84(,&66+#3+#)1''&))(/#E1*2+#)(-(#2&#'(-)+3&4*H+(-+# 84+-'+8*2+/#E1*2+#)6415&-6+#)+#8())(-(#1)*4&/# _@@+*5&-6&D# F# (88(461-(# '%&# )+*# +2# >;9# *# P3+4+,&4&Q# +2# 84('&))(# 3+# )@+2188(D# *# +-'(4*,,+*4&# +2# ,+1)6(# 6+8(# 3+# '*-3+3*614&#&#(4+&-6*4&#B1&)6(#84('&3+5&-6(#@&4)(#84(,&66+# '%&#*88(46+-(#1-#'(-64+C16(#*22&#84+(4+6M#3&22*#GG9?* * N(#(0(*6$#)$*+(33&*0"69"(;)&# 9*# 84+5*# '()*# '%&# +2# >;9# 3(@4M# '(-)+3&4*4&# F# +2# '(-6&)6(# &-64(# +2# B1*2&# @&-,(-(# )@+2188*6+# +# 84(,&66+?# 9*# 4+'%+&)6*# 4&2*6+@*# *+# 84(,&66+# -(-# '(44+)8(-3&4M# -&'&))*4+*5&-6&# *,2+# (C+&66+@+#3&2#>;9#&#3&22*#)1*#GG9?# S(64&CC&# &))&4'+# 1-*# )'*4)+6M# 3+# 84(,&66+D# 1-*# 5*-'*-H*# 3+# 5(6+@*H+(-&# &# 3+# )2*-'+(D# *3# &)&58+(# 2*33(@&# @+# )+*-(# 3+..+'(26M# &'(-(5+'%&# (# +-)1..+'+&-6+# .+-*-H+*5&-6+# +-6&,4*6+@+?# U-# B1&)6+# '*)+D# +2# >;9# 81L# 3*4&# @+6*# *3# *66+@+6M# &)&582*4+# )()6&-&-3(# +2# 4*..(4H*5&-6(# 3&22&# '*8*'+6M# &# )@+2188*-3(# P)1''&))+# +55&3+*6+QD# (@@&4(# 8+''(2+# 84(,&66+# +-# ,4*3(#3+#&))&4&#64*3(66+#4*8+3*5&-6&#+-#*H+(-+#&#4+)126*6+?#
#
# # # # # # #
dc"# #
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`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
8&4# 2*# 3&'+)+(-&# .+-*2&?# ;# 6*2&# 84(8()+6(# )+# 3(@4*--(# @&4+.+'*4&# B1*-6(# 5&-(# +# 3('15&-6+# &2&-'*6+# B1+# 3+# )&,1+6(D# '%&# 8(64*--(# &))&4&# 4+'%+&)6+# +-# *22&,*6(# *22O*66(# 3+# '*-3+3*614*A# • 2&# @&4)+(-+# 8+J# *,,+(4-*6&# 3&2# '(-6(# 84(.+66+# &# 8&43+6&D# 3&22(# )6*6(# 8*64+5(-+*2&# &# 3&2# C+2*-'+(# *--1*2&# 3&2# '*-3+3*6(D# • 84(@*#3+#2+B1+3+6M#3+#'*))*D# • 8()+H+(-&#U0;D# • *66(#3+#4&,+)64*H+(-&D#)6*616(#&#-(5+-*6+@(#3&22&#8&4)(-&# 2&,*25&-6&# *16(4+HH*6&# *# .+45*4&# 8&4# '(-6(# 3&22O(4,*-+HH*H+(-&#'*-3+3*6*D# • @&4C*2+# 3&22*# 4+1-+(-&# -&2# '(4)(# 3&22*# B1*2&# 2O(4,*-+HH*H+(-&#%*#3&'+)(#3+#4+'%+&3&4&#1-#.+-*-H+*5&-6(# 9:;<:=D# • 4&-3+5&-6(# 3&+# 84&'&3&-6+# 84(,&66+# 3+# )@+2188(# )(@@&-H+(-*6+#3*#.(-6+#81CC2+'%&#Z)&#*882+'*C+2&[D# • *16(4+HH*H+(-&# 3&22&# *16(4+6M# '(58&6&-6+# 8&4# 2&# (8&4&# *5C+&-6*2+#(#&3+2+H+&#)&#4+'%+&)6*D# •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
# # # #
#
# # # # # # #
dcY# #
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
+-.(45*H+(-+# &# +# 3('15&-6+# 3*# 4*''(,2+&4&# &# 3*# '(-)&4@*4&# 8&4#&@&-61*2+#+)8&H+(-+#3*#8*46&#3&22&#*16(4+6M?# * L"&)(*+";5$#"F"3"a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
#
# # # # # # # # # # # # # # # # # #
dcg# #
# # E$'(*'";:0&0(*(*+$6:'(#)&0(*"*0";:3)&)"*+("*50$8())"G* /"'$;)0&0(*3&*3(8"))"'")O*+"*,-./-!# G(@&-6&D# +# 84(.&))+(-+)6+# 3&22(# )@+2188(# 414*2&# 9:;<:=# )(-(# '()X# '(+-@(26+# -&22O*661*H+(-&# 3&22*# )64*6&,+*# &# 3&+# 84(,&66+# '%&# -(-# %*--(# 6&58(# 8&4# (''18*4)+# 3&,2+# +-3+'*6(4+# &# 3&22*# 3('15&-6*H+(-&# 3&+# 4+)126*6+?# W166*@+*D# 2*# =&2*H+(-&# 3&22*# $(46&# 3&+# $(-6+# &14(8&*# )1# 9:;<:=# 3&2# bcdc# +-3+'*# '%&# B1&)6&# +-.(45*H+(-+# )(-(# '41'+*2+# 8&4# 3+5()64*4&# 2*# 2&,+66+5+6M#&#+2#@*2(4&#*,,+1-6(#3+#9:;<:=?* * J&)(3&*+"%(#)&0(*:#&*0$:)"#(a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a# U# >;9# 3(@4&CC&4(# &))&4&# .+&4+# 3+# 81CC2+'*4&# (,-+# *--(# +# 4+)126*6+# 3&22O*661*H+(-&# 3&22*# )64*6&,+*D# -(-# )(2(# -&22&# -(45*2+#4&2*H+(-+#'%&#)(-(#6&-16+#*3#+-@+*4&#*22&#*16(4+6MD#5*# *-'%&# -&+# 5&3+*# &# *22O*66&-H+(-&# 3&2# ,4*-3&# 81CC2+'(?# $()X# .*'&-3(# *15&-6*# 2*# 64*)8*4&-H*# -&22*# ,&)6+(-&# 3&+# .(-3+# 81CC2+'+?#<*#-(-#3+5&-6+'*4&#*#6*2&#84(8()+6(#+#)('+*2#5&3+*D# 2*#'1+#3+..1)+(-&#&#+58(46*-H*#*15&-6*#3+#,+(4-(#+-#,+(4-(o#
#
#
dcj# #