Imu e mutui esosi scoraggiano gli italiani ad acquistare abitazioni. Si preferisce alimentare il mercato delle locazioni
Casa, vendite a picco e boom di affitti Tutta Italia soffre la flessione, ma nelle regioni del Sud il decremento è piÚ severo e si attesta al 7 per cento _mhglnlhneibj\lihmYnRhbSmndaen[fihgm cmeeVi[[mfgjnclnbjdmnlhn]mhclgjndlnfm^lX dgfjnahnlhbfm_mhgincmbldin C_jZ jhbifjn ahjn ]iegjZn lh[mflifmn jn Pameei bSmnSjnlhgmfmddjgin^elnj[[lggln 6 8mhmhcin jln `fm\\lZn eVUgjeljn dln cl]lcmY 2jdgjn]mcmfmnbi_mnjenGacnlendm^hi _mhin`fmbmcjnha_mfln`l,n^fjhclnbSm jenKifc3nejnGjfcm^hjnfj^^lah^mnPajdl len dm^algjncjn2jdlelbjgjnmnBa^elj bSmndlnjggmdgjhinjn C6CKmeemnfm^lihl cmenKifcnejndlgaj\lihmn_l^elifjndieincl `ibiZn jggmdgjhcidln _mclj_mhgmn da cmbfm_mhglnlhgifhinjen 6 Gmndlnglmhm bihgincmeemncl_mhdlihmncmeemnblggTZnlhX ]mbmZndlnfm^ldgfjhindl^hl[lbjgl]mncl[[mX fmh\m3nhmlnbmhgflncln^fjhclncl_mhdlihl <bSmn da`mfjhin bli9n ln _lejn jWlX gjhgl@nejnbihgfj\lihmncmln`fm\\ln9ndgjgjZ lhn_mcljZn`l,nflem]jhgmn Cfld`mggi jnPameejnm]lcmh\ljgjnhmeemnblggTn`l,n`lbX biemn<X 6 Mfjnlnbj`ieai^Sln[jhjelhi clnbicjncmeejnbejddl[lbjn9nejnblggTncln8mX hm\ljn Cdm^algjncjnBjemf_in<X C _mhgfmn Ai_jn mn =lejhi .gmh^ihi/nfm^ldgfjhcinfld`mggl]j_mhgm C C@C 6
hn bjein ]mfgl^lhidin cmln `fm\\l cmeemnbjdmndgjnbjfjggmfl\\jhci Pamdgjn[jdmncmenEONEYnAldaegjgi3 `ibjn ci_jhcjn mZn cln bihdm^amh\jZ `ibjn i[[mfgjYn $ameein bSmn dgjn elm]lX gjhciZnlh]mbmZn9nejnci_jhcjnclnj[[lggl3 hmen`fl_indm_mdgfmnEONE ejnci_jhcj clnl__iWlelnlhneibj\lihmn9nbfmdblagjnj ahnflg_incamn]iegmnda`mflifmnfld`mggi jnPameejncm^elnl__iWlelnlhn]mhclgjnmnle gfmhcn dln bih[mf_jn jhbSmn daen [fihgm cmeeVi[[mfgjYn$amdgmnemn`fl_mnm]lcmh\m m_mfdmncjeeVjhjeldlncmen_mfbjginl__iX Wleljfmnfmdlcmh\ljemnhmen`fl_indm_mX dgfmnEONEZnmejWifjgjncjnU__iWleljfmY lgndaeejnWjdmncmeemnflem]j\lihlnm[[mggajgm da^elniegfmn;OOYOOOnjhhahbln`fmdmhgl Paiglcljhj_mhgmndaendlgiYnJindgaclinflX ]mejn bSmZn cjn ^mhhjlin jn ^la^hiZn le `fm\\in_mclincln]mhclgjncmeemnjWlgjX \lihlnhmlnbj`ieai^Slnlgjeljhln9ndbmdi cmen 6 1hjncmeemn`flhbl`jelnbjadm cmen`fiWem_jndgjnhmeejnbihbmddlihm cmln_agal3n Jjncl[[lbiegTnjcniggmhmfm ahn_againSjnfmdineVlgmfn`mfneVjbPaldgi clnahjnbjdjndm_`fmn`l,nbi_`emddin) Sjn[jggindj`mfmn:alcinJicl^ljhlZnHlX fmggifmn Lif`ifjgmn mn 1[[lblin Ggacln cl :fa``inU__iWleljfmYlgn)nmcn9nhjgafjem bSmn^elnUgjeljhlnjWWljhinclfiggjginleneifi lhgmfmddmn]mfdindiea\lihlnlhnj[[lggiZn`af `mfcmhcinln]jhgj^^lncmenfld`jf_lin[ifX \idinbSmn^jfjhgldbmneVjbPaldginclnahj bjdjCnlenbjeincmln`fm\\lncln]mhclgjncm^el l__iWleln 9n clfmggjn bihdm^amh\jn cl Pamdgin[mhi_mhi YnJmnflem]j\lihlndae [fihgmncmeejnci_jhcjnclnbi_`fj]mhX clgjnlhclbjhinahngfmhcn`idlgl]iZnlhgmfX figgindieinhmen_mdmncln^la^hiZnbSmnSj `ifgjgin jn ahjn bfmdblgjn bi_`emddl]j cmeejnci_jhcjncmen 6 1hncjgin`iX dlgl]iZn flcl_mhdlihjgin `mf(n dmn bihX [fihgjgin bihn len flg_in cln bfmdblgj <ci``li@n cmeejn ci_jhcjn cln j``jfgjX
# " " ! $ # $ $ !$ #! $" # $ # " # $' ( Sjn cjgin len ]ljn jcn ahjn hai]j bj_`j^hjnbSmn`fm]mcmnbihgflWaglnlh bihgin biffmhgmZn jbbmddlWleln [lhin je `fiddl_in ($% ' "' UnbihgflWagl `igfjhhinmddmfmnflbSlmdglncjn[j_lX ^elmZnbihci_lhlZn`fi[mddlihldglnmnl_X `fmdmn bSmn fmjel\\jhin in Sjhhi fmjel\\jginmhgfinPajggfin_mdlnlhgmfX ]mhgln `mfn _l^elifjfmn eVm[[lblmh\j mhmf^mglbjncmeejn`fi`fljnjWlgj\lihm inj\lmhcjYnUenbihgflWagindln`a(niggmX hmfmn [jbmhcin flbSlmdgjn daen hai]i `ifgjemn m[[lblmh\jYmhmen cldgflWaX \lihmYlgZn_mddinjn`ahgincjnQhmeZnlhX
dmfmhcinlncjglnmnejnciba_mhgj\lihm fmejgl]jnjendlh^iein`fi^mgginmn`ilnigX gmhmfmn ahn biffld`mggl]in `fi`if\liX hjgin jen fld`jf_lin mhmf^mglbi iggmhagiYnUenbihgflWaginbSmndln`a(nflX bm]mfmn]jncjnahn_lhlhincln (' "% `mfnejndidglga\lihmncmeejnbjecjljnjl (' "% `mfn_mgfinPajcfinclndiX ejfmn gmf_lbin lhdgjeejgiYn Gmn `iln dl bihdlcmfjnahnl_`ljhginclnblfbjn (
<_mclinlhdgjeejgini^hln_leemnjWlgjhgl lhnUgjelj@Znlen]jeifmncmenbihgflWagindjem jn (' "% :elnlhgmf]mhglnbSmn`iX gfjhhiniggmhmfmnlendidgm^hinmbihiX
_lbindihinclndmlngl`iei^lm3ndidglgaX \lihmn cln ]mgfln dm_`elbln bihn ci``l ]mgflCnlhdgjeej\lihmnclnbjecjlmnahl[jX _leljflnjn6ndgmeemnclnm[[lblmh\jCnlhdgjeX ej\lihmn cln `i_`mn cln bjeifm memggflbSmn jcn jfljn mdgmfhjCn ldiejX _mhgin gmf_lbin cmeemn bi`mfgafmn m cmeemn `jfmglCn eVl_`lm^in cln bieemggifl diejfln<[lhinjn (' "% `mfn_PnlhX dgjeejgi@Cn lhdgjeej\lihmn cln dldgm_l memggfihlbln cln fm^iej\lihmn cln [fmX Pamh\jn<lh]mfgmf@n`mfn_igiflnmemggflbl hmendmggifmnlhcadgfljemni`mfjhglnda dldgm_lncln`i_`j^^liY
Con la nuova riforma arrivano misure piĂš eque per lâ&#x20AC;&#x2122;acquisto della prima casa
Mutui piĂš leggeri per i senza lavoro Cambia la disciplina del 2008. Ora le porte del credito si aprono per i piĂš deboli Jmn`ielglbSmndibljeln`mfneVjbPaldgi cmeejn bjdjn bi_lhbljhin jn cjfmn l `fi`flndm^hlYnKmn9nahnmdm_`linej hai]jncldbl`elhjnfmejgl]jnjen*ihci clndielcjflmgTn`mfneVjbPaldgincmeej `fl_jn bjdjZn lhgficiggjn cjeejn flX [if_jn cmen Jj]ifin gjf^jgjn Qedj *ifhmfi3n dmbihcin Pajhgin `fm]lX dgincjeejnfl[if_jZnlh[jgglZneVjbbmddi jen *ihcin djfTn mdbeadl]jn cln cam bjgm^iflm3nbSln`mfcmnlen`idginclnejX ]ifininbSln9nbie`lgincjnSjhclbj`Y Uhndlgaj\lihlnbi_mnPamdgmZn9n`fmX ]ldgjn ejn did`mhdlihmn cmeemn fjgm cmen _again `mfn eVjbPaldgin cmeej `fl_jn bjdjYn n Uen Wmhm[lblin bihX bmddincjen*ihcinclndielcjflmgTn`mf eVjbPaldgincmeejn`fl_jnbjdjn]mhhm lhgficigginbihnejnJm^^mn*lhjh\ljX fljncmenEOODZnbihbmcmhcinahnjbX bmddinj^m]iejginjln_agaln`mfnejnn
bjdjYnUen*ihcin`mf_mggm]jZnlhn`jfX glbiejflnbihcl\lihlZnclndid`mhcmfm emnfjgmncmen[lhjh\lj_mhgiZn[jbmhX cidlnbjflbincm^elnihmfln[lhjh\ljflY $amdgmn j^m]iej\lihln ]mhl]jhi bihbmddmnlhncl]mfdlnbjdlZn_jndmX bihcin Pajhgin `fm]ldgin cjeejn AlX [if_jn *ifhmfiZn ejn did`mhdlihm cmen`j^j_mhgincmeemnfjgmndjfTnelX _lgjgjnjlndielndi^^mgglnbSmnci]mdX dmfin `mfcmfmn len `idgin cln ej]ifi cl`mhcmhgmnin`jfjdaWifclhjginm lhn`fmdmh\jncln[if_mnclnSjhclbj`Y GjfmWWmfincahPamnmdbeadlngaggln^el jegflnbjdln`fm]ldglZnPajelnlnbidglnclnflX dgfaggafj\lihmn mn eVja_mhgin cmeej fjgjnmen_again]jfljWlemYnnKihn]mfX fjhhin `fmdmn lhn bihdlcmfj\lihm hmjhbSmn emn fldiea\lihln bihdmhX dajelZnemncl_lddlihlnhihn`mfn^ladgj bjadjZnlenfj^^lah^l_mhgincmeeVmgT `mfn jhcjfmn lhn `mhdlihmYn Amdgj bi_ahPamnlen[jgginbSmneVUdglgagincl bfmclgin`a(nbihbmcmfmnejndid`mhX dlihmn dmh\jn bSmn dljhin [ifhlgm jegfmn^jfjh\lmnj^^lahgl]mnmndmh\j len`j^j_mhginclnbi__lddlihlnj^X ^lahgl]mY
!&! !%( &( "' &!%( ( %$ ' '"'(( #(( % '$ &%$' '$ #( '( &#$%( %"$&!' # !"'( #"#$ &'(# & $!& '( '( '$ #( & ( # # '$!%( & % & &%$&(# & $!& '
Dismissioni, si allungano i tempi
Real Estate, Euromoney premia Bnp Paribas
Il ministro Vittorio Grilli annuncia una nuova proposta entro la fine di ottobre
Il gruppo bancario è la migliore società di gestione risparmi nel comparto immobiliare
1hjnWfadbjn[fmhjgjndaeemncld_ldX dlihlnl__iWleljflYn$ameeinbSmn[lhi jn ahn _mdmn [jn dm_Wfj]jn mddmfm ahn`iddlWlemnjhglciginjeejnbfldlnl_X _iWleljfmn mn jeejn `jfjeldln cmen dmgX gifmn 9n cl]mhgjgin ahn iWlmggl]i eihgjhin cjn fj^^lah^mfdlYn Uh ahVjacl\lihmnjeejnLj_mfjZnlh[jgglZ len_lhldgfincmeeVQbihi_ljn8lggifli :fleelnSjnd`lm^jginbSmnejn`fmbihX cl\lihmnjngaggin9nj]mfmnahnbmhdlX _mhgin bi_`emgin cmen `jgfl_ihli `aWWelbiZn bSmn 9n lhn ejf^jn `jfgm hm^elnmhglneibjelZnmn`afgfi``iZnSj cmggi3n jcn i^^ln diegjhgin len F5' cm^eln mhgln eibjeln Sjn fld`idgi Yn Ue
_lhldgfin Sjn dm^hjejgin ejn hmbmdX dlgTZn `mfn `ifgjfmn j]jhgln Pamdgj i`mfj\lihmZncln_mggmfmnlhn_iginej _jbbSlhjn j__lhldgfjgl]jZn ^lT _mddjnlhn_igiZnbi_`idgjncjnclX ]mfdln`m\\lZnbi_mnlenHm_jhliZnej G^fnlhbjflbjgjnmnejnLjddjncm`idlgl mn `fmdglglYn Gln gfjggjZn Sjn diggielX hmjgi3n cln ahjn d[lcjn l_`ifgjhgm danbalndln9njneah^infl[emggagi Yn=j gagginPamdginSjnWldi^hinclnahVjbX bafjgjnfm^ljnmnbiifclhj_mhgiYnQZ jn gjen `fi`idlgin :fleeln Sjn jhhahX bljginbSmnmhgfinejn[lhmncmen_mdm cln iggiWfmn [jfTn ahjn `fi`idgjn jeX eVQdmbagl]iY
2h`nBjflWjdnAmjenQdgjgmndln9nj^X ^laclbjgjn len flbihidbl_mhgin cl V2mdgn Uh]mdg_mhgn =jhj^mfn lh Ugje VVnbih[mflgincjeejnfl]ldgjnQafiX _ihm n lhn ibbjdlihmn cmeeViggj]j mcl\lihmn cmeejn daf]m n jhhajem daen Amjen Qdgjgmn bihciggjn da dbjejn ^eiWjemn lhn ;On Bjmdln cme _ihciYnJVlhbSlmdgjZnfmjel\\jgjngfj len Fn _jf\in mn len ENn _j^^lin dbifdl dan ahn bj_`lihmn cln NY>OOn `figjX ^ihldgln cmen fmjen mdgjgmZn Sjn memggi 2KBnBjflWjdnAQU=nG^fnbi_mn_lX ^elifn diblmgTn cln ^mdglihmn cmln flX d`jf_lnhmenbi_`jfginl__iWleljfm
lhn Ugjeljn `mfn len EONEYn Glj_i _iegin diccld[jggln cmen flbihidblX _mhgin flbm]agin cjn Qafi_ihm Z bSmn `fm_ljn len ej]ifin cmen gmj_n cl Uh]mdg_mhgn =jhj^m_mhgn cmeej hidgfjndiblmgjVnlhnahn_i_mhgincl _mfbjgin `jfglbiejf_mhgmn cl[[lblem XnSjnd`lm^jginU]jhinUejfciZnR__lX hldgfjgifmnHmem^jgincln2KBnBjflX Wjdn AQU=n G^fn Xn Bfmhclj_i Pamdgin `fm_lin l_`ifgjhgmn bi_m ahnaegmflifmndgl_ieinjnbfmdbmfmZnj lhhi]jfmn mn jn _l^elifjfmn dm_`fm cln `laVn len dmf]l\lin cjgin jln hidgfl belmhgl Y
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
"$ !#& %$& $ #$!% &7 98895785 A =@1=85?:=@;<9<88>@=66=::2<:=@.9=;;>@7> ;:25?>@5=7@.9>6=;;?>8?;:<@0=7=4<:>*@;?:>@?8 ,<;:9>1?77<9?@<77<@1?<@5=77=@+=>8?=@# -3 2 $;B:B<>@;BC =BC A..B;>BC B<>;AC 98- 77 6B=C *?A;<AC 3;B4B6B<>BC =@C 6@>@C 6B==@ %B<6?>@C3;B::AC=AC:>16?AC6B=C$;A.B: :?A<?:>@C6B=B*@>A9 A %<44?>9?@?86>9/<!?>8?@@;2?@;?:?@)))3:9?(2& 8<7=5?-<;:9>1?77<9?3?:@ = )))3<;:=?//>(?7?3?:3
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
0>::3;;<@ >8?<@%<9:?8> 2 $;B:B<>@;BC =BC A..B;>BC B<>;AC 9C 87977 6B?C *?A;<?C 3;B4B6B<>?C =BC %B<6?>B 3;B::AC =AC :>16?AC 6B=C $;A.B::?A<?:>@ 6B=B*@>AC A>>9::@C A<?@C @;>?<A+C4A< :>16?AC?<C(@::@<AC ==AC A<?AC@==@C ?@ A<:?*<A;BC ;1<AC 44 ?1>AC<9&9 A %<44?>9?@?86>9/<!?>8?@.9=;;>@7>@;:25?> ;?:>@?8@,<;;<8>@ 77>@ >8?>@<77<@ ?<@%>8;?& 48>9=@ 928>@ -- ?2:>@ 83 @ &@ :=7 6< '" $ $ 3
/////
/////
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
@==?0B<>ACC<9C5, ",!''C & & #$ # %& # % "& +9>6=;;?>8?;:<@0=7=4<:>*@ 0>::3@ 9<8-=;->@ 9-?5?<->8>@ %!!%&$ 33@;>@0B<>AC1)?4@>AC?<C(@:>;A %?==@;?CC@==@C ?@C @=BAC$?@<AC3;?0A+C(@>9 5C4=@::BC8 C%@<?C'9!9C >@>AC6B= ?00A )?=BCA4413@>AC6@=C6B)?>A;B9 " %& # " 9C"'9'5!+77 #$ % 3@$3 ' '' %!!%&$ & @*@##?<AC1)?4@>AC?<C(@:>;A%?==@;? @==@C ?@C @=BAC$?@<AC:B0?<>B;;@>A+C(@>9 (5C 9C5"977C >@>AC6B= ?00A)?=BCA441 3@>AC6@=C6B)?>A;B9 " %& # " 9C&9'5!+77 #$ % 9C877+77 "$ !#& "$ #& $ #$!% 8 978895785 "$ !#& %$& $ #$!% 8 98595785 A =@1=85?:=@;<9<88>@=66=::2<:=@.9=;;>@7> ;:25?>@5=7@.9>6=;;?>8?;:<@0=7=4<:>*@0>::3 9<8-=;->@ 9-?5?<->8>@ 2 $;B:B<>@;BC =BC A..B;>BC B<>;AC 9C 8-977 6B=C *?A;<AC 3;B4B6B<>BC =@C %B<6?>@ 3;B::AC =AC :>16?AC 6B=C $;A.B::?A<?:>@ 6B=B*@>A9 A %<44?>9?@?86>9/<!?>8?@.9=;;>@7>@;:25?> ;?:>@?8@,<;:9>1?77<9? @,3;>@ 2?4?@ <9<-=8? " @&@ =73@'" $ # "$
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
A>>9C A0B<?4AC B<6@C@==@C ?@C @;>?;? 6B==@C ?)B;> C 5,C C C A;@<AC (@=@);A ( A %<44?>9?@?86>9/<!?>8?@.9=;;>@7>@;:25?> ;?:>@?8@%>9<8>@,<7<(9>@ ?<@%<9:?9?@5=77< ?(=9: @# @ @&@:=73 6< @'" $ '' ///// :B41#?A<?C 009C<9CC8-,7'C 9 9 9 & %!! #& #$ " #& #&
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
4@>@:>AC@=C.A*=?AC5 +C3@;>9==@C8-5-C:1) -C " %& # " & 9C''9'!5+!7 %!!%& @33@;>@0B<>AC:?>AC?<C(@:>;A%?==@;? C ?@C$@6;BC ;@<4B:4AC 1::AC88,(+C?< 4@>@:>AC@=C.A*=?AC5 +C3@;>9==@C8-5-C:1) 5 " %& # " & 9C''9'!5+!7 %!!%& @33@;>@0B<>AC:?>AC?<C(@:>;A%?==@;? C ?@C$@6;BC ;@<4B:4AC 1::AC88,(+C?< 4@>@:>AC@=C.A*=?AC5 +C3@;>9==@C8-5-C:1) 87 " %& # " & 9C 79!'7+77 %!!%& @33@;>@0B<>AC:?>AC?<C(@:>;A%?==@;? C ?@C$@6;BC ;@<4B:4AC 1::AC88,(+C?< 4@>@:>AC@=C.A*=?AC5 +C3@;>9==@C8-5-C:1) " %& # " 9C87'9 87+77 %!!%& >B;;B<AC:?>AC?<C(@:>;A%?==@;?C C(96@ ?*<B+C?<C4@>@:>AC@=C.A*=?AC"&+C3@;>9==@ -& " %& # " 9C!95&5+57 %!!%& >B;;B<AC:?>AC?<C(@:>;A%?==@;?C C(96@ ?*<B+C?<C4@>@:>AC@=C.A*=?AC"&+C3@;>9==@ " " %& # " 9C '!+77 %!!%& >B;;B<AC:?>AC?<C(@:>;A%?==@;?C C(96@ ?*<B+C?<C4@>@:>AC@=C.A*=?AC"&+C3@;>9==@ ' " %& # " 9C895""+-' "$ !#& "$ #& $ #$!% 7',88,5785 "$ !#& %$& $ #$!% 8&,88,5785 A =@1=85?:=@;<9<88>@=66=::2<:=@.9=;;>@7> ;:25?>@5=7@.9>6=;;?>8?;:<@0=7=4<:>*@ 113 ?::>9?>@,>;=8:?8> 2 $;B:B<>@;BC =BC A..B;>BC B<>;AC 9C 85977 6B=C *?A;<AC 3;B4B6B<>BC =@C %B<6?>@ 3;B::AC =AC :>16?AC 6B=C $;A.B::?A<?:>@ 6B=B*@>A A %<44?>9?@?86>9/<!?>8?@.9=;;>@7>@;:25?> ;?:>@?8@,<;:9>1?77<9?@&@ ?<@ <7=8>@ 3@ =73 '" $3#$' @6< @'" $3## " @=@/<?7@->& ;=8:?8><11>-<:? 7?(=9>3?: ///// :B41#?A<?C 009C<9C&",7-C 9 9 9 & " " #& " % +9>6=;;?>8?;:<@0=7=4<:>* 113@ :=6<8>@ 9?;>7?<@ %!!%&$ & & <?> C6?C>?3AC;B:?6B<#?@=BC4A<C;B =@>?%BC 4A;>?C 6?C 3B;>?<B<#@C 1)?4@>AC <B= 4A01<BC6?C A:B>AC(@3AC 31=?4A+C A49 $?@<AC @;?<@C C A;*AC A:B>A+C4B<:?>A ?<C(@>@:>AC@=C.*9C-5C39==@C -C:1)C-+'CB 87C6?C0 9C!-987C " %& # " 9C- 9 5!+77 "$ !#& "$ #& $ #$!% &57,88,5785 "$ !#& %$& $ #$!% 58,88,5785 A =@1=85?:=@;<9<88>@=66=::2<:=@.9=;;>@7> ;:25?>@5=7@.9>6=;;?>8?;:<@0=7=4<:>*@ 113 :=6<8>@ 9?;>7?<@ 2 $;B:B<>@;BC =BC A..B;>BC B<>;AC 9C 8-+77 6B=C *?A;<AC 3;B4B6B<>BC =@C %B<6?>@ 3;B::AC =AC :>16?AC 6B=C $;A.B::?A<?:>@ B=B*@>A A %<44?>9?@?86>9/<!?>8?@.9=;;>@7>@;:25?> 5=7@+9>6=;;?>8?;:<@0=7=4<:>@;?:>@?8@,<& ;:9>1?77<9? ,>9;>@ ,<7<(9?<@ $"@ &@ :=73 '" $ ## ///// :B41#?A<?C 009C<9C87&, -CC 9 9 9 & " " #& " % +9>6=;;?>8?;:<@0=7=4<:>*@ ?8-=8!>@,=9(?8? %!!%& $ % 00A)?=BC C :?>AC ?<C (@::@<A A<?A+C=A49C(@44?@<A%@+C4B<:?>AC?<C4@ >@:>AC@=C.A*=?AC5-C39==BC88&CBC&!-C6?C @ 789-89-7+C6B:>?<@>@C@6C@)?>@#?A<BC6B*=? @66B>>?CBC@==BC=A;AC.@0?*=?BC " %& # " 9C 9!5 +77 "$ !#& "$ #& $ #$!% &8-,88,5785 "$ !#& %$& $ #$!% 8&,88,5785 A =@1=85?:=@;<9<88>@=66=::2<:=@.9=;;>@7> ;:25?>@5=7@.9>6=;;?>8?;:<@0=7=4<:>*@ ?8& -=8!>@,=9(?8? 2 $;B:B<>@;BC =BC A..B;>BC B<>;AC 9C 8-+77 6B=C *?A;<AC 3;B4B6B<>BC =@C %B<6?>@ 3;B::AC =AC :>16?AC 6B=C $;A.B::?A<?:>@ 6B=B*@>A A %<44?>9?@?86>9/<!?>8?@.9=;;>@7>@;:25?> ;?:>@?8@,<;:9>1?77<9? @->8@;:25?>@?8@1?<@5=77= +=>8?=@# -3@ =73@'" $@ ## ///// :B41#?A<?C 009C<98,78CC 9 9 9 & %!! #& #$ " #& #& +9>6=;;?>8?;:<@0=7=4<:>*@ 113@%?//>@+247?=;= %!!%& $% & ?;?>>?C6?C1:1.;1>>AC:1C1<?> C?0 0A)?=?@;?C 4B<:?>BC ?<C 4@>@:>AC @=C .*9C 85 39==@C5 7C:1)C"+'+ CBC C.@4B<>?C3@;>BC6?
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
/////
/////
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
///// :C52%B@?BD 00<D?<D) .9))$D < < < $ # "$ "$ # &:?7>;;@?9@;<=A1>8>2=<?+A 1?<<5A @<<?:@?A,>:"@9@ :=<<=;@A6@A;>@A8?<<@A7=.>9<@A/=:<>A6@A39A7="":@.=<? >6@7@.=<?A @9A =:=.>9=A =88=A 4@=A =9<=A *=:@= *=66=8>9= A(('A6@A;>23@<?A6>;.:@<<@+ # #$ $ @5A=CDA6B*B>@DA6DA2>@5A;;@%%C;BA:B>@DA=D:C5@?6@D4BA?@DB?>C;;A>@< #$ " "<D8)<7&9-77 # #$ @5A=CD6C4@:B>@DA6D2:@D5B(B=CDA*B >A%B@?C-D:B>@DA=D4;B0@D4BA?@DB?>C;;A>@< #$ " $"<D8&<&)7-77 # #$ @5A=CD 6C4@:B>@-D :B>@D A=D 4;B0@ 4BA?@D12@;BD>C;;A< #$ " "<D,9<$,8-77
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
'32234 0* -4 GEHJ FEJ !HD>HJ 46IDBH "=EC?5 #C?.=8CAAGJ5-@=>:6J5 J &:DHJ?C)5$=@@ '32234 0* - :HBGJ )/??J 3HE<HJ HDDI !GEGAI #C?-=8CAAIJ?2=)=?.=((=)@ J &:DHJ?@5C(-(=@@ P (HNONBBK;NHN9O<MIECJNOIMHHKOFJLJKOENO@LJJK MOENOENGNJJKONIODCNOFNOJGK<LIK9OFKIKOBM>HNK EMFDGNJJNOIMHHLOGMHL=NKIMOENOFJNBLOODKIFCH8 JL;NHMOIMHHLO:LIDMHHMGNL?O 9 :<FIE,GJ<FJ+IE<FBGJI JGDBCJ.(;J7C8C7C J3F>>GBGJ8IDJFAJ1FHDEHJ;?C??C;@?;CJJ P !MHHLOBMEMFNBLOELJLO O@NFFLJLOH CENMI=L M OLGJ?O#*2OD?A?D?ONIODLFKOENOBLIDLI=LOEN K@@MGJMOENOLD CNFJK?OO P >INOK@@MGMIJMOAMGOMFFMGMOLBBMFFKOLHHL <MIENJLOEK<G1OEMAKFNJLGMONIO:LIDMHHMGNL IEBDHJAIJHDIJ?;=@@J<IAJ1FHDEHJJGEBI7I* <IEBIJAGJ+IE<FBG=JCILO;CFJLOFN>NHHLJLOGM8 DLIJMOHLOELJLOEMHHLO<MIENJLOMEONHOIKBMOEMH >NCENDMOMODKIJMIMIJMOEKBLIELOENOALGJM8 DNAL=NKIMO FMDKIEKOHKOFJLBALJKO@KGINJK ELHHLOFJMFFLO:LIDMHHMGNL ONIO;KHHK9O@KJKDK8 ANLOEMHOEKDCBMIJKOENONEMIJNJ19OOIKID/ OCI LFFM>IKODNGDKHLGMO IKIOJGLF@MGN;NHM ONIJM8 FJLJKO LO %GN;CILHMO ENO :LJLI=LGKO AGKD? I???????? O ENO CIO NBAKGJKO ALGNO LHO O +6 O EMH AGM==KO;LFMOKOEMHOAGM==KOK@@MGJKOLOJNJKHK ENOEMAKFNJKODLC=NKILHM? P 4 K@@MGMIJM9OEMAKFNJLIEKOK@@MGJL9OEND/NLGL ENODKIKFDMGMOHKOFJLJKOEMHH NBBK;NHM? P &IO DLFKO ENO >LGLO JGLO AN O K@@MGMIJN9O 1 /0234 .0. 3 O@NFFLJKONIOI:DHJ.@@=@@ MEOI:DHJ?C@@@=@@ AMGONHOHKJJKOI?2?8 P 4 L>>NCENDLJLGNKOEK<G1O<MGFLGMONIO:LI8 DMHHMGNLONHOAGM==KOENOLD CNFJK9OEMEKJJLOHL >N1O<MGFLJLODLC=NKIM9OMIJGKONHOJMGBNIMOEN FMFFLIJLO>NKGINOELHHLOELJLOENOL>>NCENDL8 =NKIM?O4MOFAMFMOENOJGLF@MGNBMIJKOGMFJLIK LODLGNDKOEMHHLOAGKDMECGLOMFMDCJN<L? P .L>>NKGNONI@KGBL=NKINONIO:LIDMHHMGNL? 00000 @@NDNKOMFMDC=NKINONBBK;NHNLGN &HO(NCENDMOEMHH3MFMDC=NKIM9O $322*,14#.3.1 4 /LOAGKICIDNLJKOHLOFM>CMIJM 7&!5! 5 !MHO8DH7I<F4IEBHJECJ;;5/-(J C C& ?OAMIEMIJMOJGLO LIDKOENO!LAKHN 7&), ! ,GKDMEMGFNOLHHLO<MIENJLOFMI=L NIDLIJKOEMNO;MINOFM>CMIJN0 '32234 -4 G1G,,FEHJ CJ FBHJJ HEFH=JFEJ7GBG>BH #H1AFHJ ?;J 'CAAGJ 2-=J :6C?=J 'CAAGJ .@= :6C5=J'CAAGJ.?=J :6C5C &)/++.4%1,/-4%JJ?.C@@@=@@C '32234 -4 G1G,,FEHJ<I8H>FBH=J>FBHJEIAJ!H* 4:EIJ<FJ GEJ FBHJ>:AAHJ"HEFH=JJFEJ7GBG* >BHJ#H1AFHJ?;J'CAAGJ.?=J>:6C.C &)/++.4%1,/- %JJ(C.@@=@@C P (HNONBBK;NHN9O<MIECJNOIMHHKOFJLJKOENO@LJJK MOENOENGNJJKONIODCNOFNOJGK<LIK9OFKIKOBM>HNK EMFDGNJJNOIMHHLOGMHL=NKIMOENOFJNBLOODKIFCH8 JL;NHMOIMHHLO:LIDMHHMGNLOEMHO%GN;CILHM? P 43K@@MGMIJM9OEMAKFNJLIEKOK@@MGJL9OEND/NLGL ENODKIKFDMGMOHKOFJLJKOEMHH3ONBBK;NHM?O P >INO K@@MGMIJMO AMGO MFFMGMO LBBMFFK LHHLO<MIENJLOEK<G1OEMAKFNJLGMONIO:LIDMH8 HMGNLO9OIEBDHJAIJHDIJ?;J<IAJ1FHDEHJGEBI* 7I<IEBIJAGJ+IE<FBG= CILO;CFJLOFN>NHHLJL GMDLIJMOHLOELJLOEMHHLO<MIENJLOMEONHOIKBM EMHO (NCENDMO MO DKIJMIMIJMO EKBLIELO EN ALGJMDNAL=NKIMO FMDKIEKOHKOFJLBALJKO@KG8 INJKOELHHLOFJMFFLO:LIDMHHMGNL ONIO;KHHK9O@K8 JKDKANLOEMHOEKDCBMIJKOE3NEMIJNJ1OIKID/ CIO5FFM>IKO:NGDKHLGM !KIOO%GLF@MGN;NHM NIJMFJLJKOLO %GN;CILHMOENO:LJLI=LGKOAGKD? I ?? O ENO CIO NBAKGJKO ALGNO LHO +6 O EMH AGM==KO;LFMOKOEMHOAGM==KOK@@MGJKO OLOJNJKHK ENOEMAKFNJKODLC=NKILHM?O 9 :<FIE,GJ<FJ+IE<FBGJI JGDBCJ.(;J7C8C7C J3F>>GBGJ8IDJFAJ1FHDEHJ;?/??/;@?;JHDI -C5@C
P !MHHLOBMEMFNBLOELJLO O@NFFLJLOH3CENMI=L M OLGJ?O#*2OD?A?D?ONIODLFKOENOBLIDLI=LOEN K@@MGJMOE3LD CNFJK?O&IODLFKOENO>LGLOJGLOAN K@@MGMIJN9O 1 /0234 .0. 3 O@NFFLJKONIO% .@@=@@C P 43L>>NCENDLJLGNK9OEK<G1O<MGFLGMONIO:LI8 DMHHMGNL9NHOAGM==KOENOLD CNFJKO8OOEMEKJJLOHL >N1O<MGFLJLODLC=NKIM9OMIJGKONHOJMGBNIMOOEN >NKGINOFMFFLIJLOELHHLOELJLOENOL>>NCENDL8 =NKIM?O4MOFAMFMOENOJGLF@MGNBMIJKOGMFJLIK LODLGNDKOEMHHLOAGKDMECGLOMFMDCJN<L?O :LJLI=LGKOH !322*,14#.3.14 00000 'DH7I<:DGJI>I7:BF+GJECJ2)/@-J C C&>8DC &&O(NCENDMOEMHH3MFMDC=NKIM9O $322*,,14#.3 10014#.3.1 4 /LOENFAKFJKOHLO<MIENJLOFMI=LONIDLIJK EMHODKBAMIENKOAN>IKGLJKO ENOFM>CNJKOEMFDGNJJK0 '32234 0.(3- F44H6FAIJ7HEJGEEI>>HJ1GDG1I >FBHJFEJ AF+G<FJ ! =JFEJ7GBG>BHJGAJ31CJ5= 8GDBCJ5$2=J>:6J)=J?(CJ &)/++34%1,/4%J5(C.@@=@@C 9 #F>>GJ 8IDJ AGJ 8DI>IEBG,FHEIJ <IAAIJ H3* 3IDBIJ <FJ G7 :F>BHJ FAJ BID4FEIJ <IA ;@C??C;@?;JHDIJ?;=@@ J 9 3F>>GJ8IDJAGJ<IAF6IDG,FHEIJ>:AA H33IDBG IJ8IDJA I+IEB:GAIJ1GDGJBDGJ1AFJH33IDIEBF= 7HEJ ).1 +34 .0. 34 0304 .0 /).3)/4 1$ % ?C@@@=@@=JA :<FIE,GJ<IAJ;?C??C;@?;JHDI -=5@ J P ENFAKIMOD/MOHMOK@@MGJMOENOLD CNFJKOFNLIK AGMFMIJLJMO NIO ;CFJLO D/NCFLO CINJLBMIJM LEOCIOLFFM>IKODNGDKHLGMONIJMFJLJKO %GN;C8 ILHMOENO:LJLI=LGKO8OAGKD?OI?O '-62 OAKG8 JLIJMO CILO FKBBLO ALGNO LHO EMDNBKO EMH AGM==KO AGKAKFJK9O ELO NBACJLGMO LO DLC8 =NKIM? P 43NBBK;NHM9OBM>HNKOEMFDGNJJKOIMHHLOGMHL8 =NKIMOJMDINDLODKIFCHJL;NHMONIODLIDMHHMGNL9 FLG1O<MIECJKOIMHHKOFJLJKOENO@LJJKOMOENOEN8 GNJJKONIODCNOFNOJGK<L9OD/MOFNONIJMIEMG1ODK8 IKFDNCJKOELHH3L>>NCENDLJLGNK9OLID/MODKI GN@MGNBMIJKOLHHLOFNJCL=NKIMOENODKI@KGBNJ1 EM>HNONBANLIJNOMEOLHHLOFNJCL=NKIMOMIMG>M8 JNDL? P 43L>>NCENDLJLGNKOEK<G1O<MGFLGMONHOAGM==K ENOLD CNFJK9OEMEKJJLOHLODLC=NKIM9OMIJGKONH JMGBNIMOAMGMIJKGNKOENOFMFFLIJLO>NKGINOELH8 H L>>NCENDL=NKIM? P 4MOFAMFMOENOJGLF@MGNBMIJKOFLGLIIKOLODL8 GNDKOEMHHLOAGKDMECGL? "AJ F:<F7IJ !322*,,14#*4#.3.1 00000 @@NDNKOMFMDC=NKINONBBK;NHNLGN 'DH7I<:DGJI>I7:BF+GJECJ5?./?--;J C C&CJ AGKBKFFLOEL LIDLO5IJKINLILO,KAKHLGMO MIMJLO)?A?5? O KGLO HNAFKO NILIDMO)?A?5? O KBNFFNF 5<<NFKOENO<MIENJLONBBK;NHNLGM FMI=LONIDLIJKO :KIO AGK<<MENBMIJKO GMFKO LHH3CENMI=LO EMH $"?#?$6+$9ONHO(NCENDMOEMHHMOMFMDC=NKINOEMHO%GN8 ;CILHMOENO:LJLI=LGKO7KJJ?FFLO(NK<LIILO(NKNL /LOENFAKFJKOHLO<MIENJLOFMI=LONIDLIJKOEMHOFM8 >CMIJMO;MIMONBBK;NHM9OLHHKOFJMFFKOAGM==KOM DKIEN=NKINOEMHHLOAGMDMEMIJM0 ' 4 -4G88GDBG4IEBHJFEJ G+IDEG= F7HJ J DF>7 FEIJECJ-=JFEJ7GBG>BHJ3H1AFH 25=J8CAAGJ2);C &)/++34%1,/4$ 1,21- %CJJ?;C@@@=@@C P &HO JCJJKO DKBMO BM>HNKO EMFDGNJJKO IMHHL :?%? ?ONIOLJJNODCNOFNOGNBLIELOMOIMHHKOFJLJK ENO@LJJKOMOENOENGNJJKONIODCNOFNOJGK<L9ODKIFCH8 JL;NHMOIMHHLODLIDMHHMGNLOEMHO%GN;CILHM? 9 GJ+IE<FBGJ>IE,GJFE7GEBH=JG+D JA:H1H FAJ1FHDEHJ;?C??C;@?;=JHDIJ?@C@@J7HEJ>I* 1:FBH=J<FEGE,FJGAJ F:<F7IJ<IAAIJ&>I7:* ,FHEFJ <IAJ DF6:EGAIJ <FJ !GBGE,GDH= HBBC>>GJ FH+GEEGJ FHFGC P @@MGJMONIOLCBMIJKOIKIONI@MGNKGMOLEOMCGK #66966? P 5BBNFFNKIMO LHH3NIDLIJKO FC;KGENILJLO LH <MGFLBMIJKONHO>NKGIKOAGNBLOEMHHLOELJLO@NF8 FLJLOAMGOH3NIDLIJKOEMHHLOFKBBLOEMHO?@
<IAJ8DI,,HJ6G>IJ< G>BGJGJBFBHAHJ<FJ7G:* ,FHEI= ELO AGMFMIJLGFNO NIO ;CFJLO D/NCFL CINJLBMIJMOLEOLFFM>IKODNGDKHLGMOIKIOJGL8 F@MGN;NHMONIJMFJLJKO %GN;CILHMOENO:LJLI=LGK 8O,GKDMECGLOI?O"+#-+22$ ? P 43L>>NCENDLJLGNKOEK<G1O<MGFLGMONHOAGM==K E3LD CNFJK9OEMEKJJLOHLODLC=NKIM9OMIJGKONH JMGBNIMO AMGMIJKGNKO ENO FMFFLIJLO >NKGIN ELHH3L>>NCENDL=NKIM? P .L>>NKGNONI@KGBL=NKINOAGMFFKOHLO:LIDMH8 HMGNLOEMHHMO FMDC=NKINO&BBK;NHNLGNOEMHO%GN8 ;CILHMOENO:LJLI=LGK?O
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
DN:PIQFR )LR GOHNR JPR 3OMOR KMOR BP R NAAQ9 MQLKP@RI%OCDQLKNRDPLPDNR RAPHHOKNRPLRR' =FEEE@EEF N ,1J>>KADKBJHJFKI2MDI;F M;LFCJFLMKEM<FL==I DKMJB"AKCHI2MDLDIHHJMEJM>K M;LFCJHJMBJA8 =KIGL2MLGHFIMKEMHLF@KGLMDKM>KIFGKMCLCCJGHJ DJEEJMDJHJMDKMJ>>KADKBJ=KIGLMKGMBJGBLEEL8 FKJ? 7JHJG=JFI )IR PCJPGQ ,))$&+.. ,- . + *+-*.
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
!OIIPDQLKNRLFR=0=EF $ $'. "$&&+. "%+- ( +. , +-( *. 7AFJHIFKM:JEEK@LGHJFK!M 5;;?M6LFLCJM'FK@JEDKM M&IHH?M%JAFK=KIM%JBF
! !.-$. 5NDBIQHHNRPLJCHKMPOIQRHPKNRPL 5MNKNLQR*NGFR$OHHN;QGG(PNR NLOR)L9 JCHKMPOIQ@RBQMRIORBMNJC<PNLQRJPRDOKQ9 MPOIQRGQMODPGNRGNDBNHKNRJO 4R QLPRPDDN:PIP )R:QLPRPDDN:PIPRHNLNRHPKPRQIR5NDCLQRJP 5MNKNLQROIIOR*NGFR$OHHN;QGG(PNR9R NLO )LJCHKMPOIQR9R =4RQJPAPGPNRORJCQRBPOLPRACNMPRKQMMORGNL HKMCKKCMOR PLR GFOFR JQHKPLOKOR OJR CAAPGPR Q HQM;P<P1R >4R!O::MPGOKNRPLJCHKMPOIQGNDBNHKNRJO CLORHQMPQRJPRGOBOLLNLPR 84R BPO<<OIQR BO;PDLQKOKNR PLR GOIGQ9 HKMC<<NR GNLR MPAPLPKCMOR JPR KPBNR PLJC9 HKMPOIQ@RPIICDPLO<PNLQRQHKQMLO@RMQKQRJP MOGGNIKOR QR HDOIKPDQLKNR OG6CQR BPN9 ;OLQ@ROMQORRBQHO@RGO:PLOR3OHRDQKOLN GNLR PDBPOLKNR JPR QMN3O<PNLQR GOM:C9 MOLKQROJRCHNROCKNKMO<PNLQRGNLRGNINL9 LPLOR JPR JPHKMP:C<PNLQR QR GPHKQMLO PLKQMMOKOF 4R)DBPOLKNRQR&OGG(PLOMPR!NMDOKNRJO OBBOMQGG(POKCMQRQRPDBPOLKPR 54R QLPR&N:PIP =R9R&N:PIPRQROMMQJPRBQMRCAAPGP >R9R5OMMQIINR+IQ;OKNMQR#RNKOR&NJFR->R9 IQHHRJQHGMPKKNR* ## RLFRFR5R==F8>/F "(##,. +&('.'FR==F8>/FE/E@=8 ! !.-$. ' BBQ<<ODOLKNRJPRKQMMQLNR "(##,. +&(' 'FR8E.F.E=@.. ! !.-. ' 5NDBIQHHNR <PQLJOIQRC:PGOKN LQII OMQOR HCJR JQLNDPLOKOR "PBMN R JP "OLR PN;OLLPRJPR HKQIIOKNR !+4ROIIOR PO MCLQIIQHG(PRLFR,@RBQMRIORBMNJC<PNLQRJP BNI;QMQROKNDP<<OKORBQMRIORBMQHHORKCMO JPRDOKQMPOIQRGQMODPGN@RGNDBNHKNRJO 4R QLPR)DDN:PIP =4RQJPAPGPNROJRCLRBPOLNRACNMPRKQMMORGNL HRCKKCMORPLRGFOFRJQHKPLOKNROJRCAAPGP1 >4RCLORHQMPQRJPRGOBOLLNLPRQRHKMCKKCMQRR 84R$PO<<OIQRBO;PDQLKOKNR 4R)DBPOLKNRQR&OGG(PLOMPR !NMDOKNR JOR OBBOMQGG(POKCMQR QR PD9 BPOLKPR 54R QLPR&N:PIP =R9R&N:PIPRQROMMQJPRBQMRCAAPGP 4R QLPR&N:PIPRMQ3PHKMOKP "PRKMOKKORJQPRHQ3CQLKPRORKNDQ<<P R+HGO9 ;OKNMQRGPL3NIOKNRDNJNR5OKQMBPIIOMR>87 1R CKNGOMMNR DNJNR NMJR #MOLHPKR 87E & CKNDN:PIQR!POKR$OLJOR27E +4R$QMHNLOIQR PBQLJQLKQ "(##,. +&('.'FR=F882F/>-@.2 ,)),.-$ '. &OKQMPQR$MPDQRR"GNMKQRJPRDOKQMPQ BMPDQR LQGQHHOMPQR OIIOR BMNJC<PNLQR JP BNI;QMQROKNDP<<OKORBQMRIORBMQHHOKCMO JPRBPOHKMQIIQR "(##,. +&(' 'FR>>7FE--@- (- *)+.&(-#+.*-%+-),' =80=>0>E=> (- *)+.%,-.*-%+-),' =E0E=0>E=8 N ,LM;LGDKHLMCJFJGGIML::LHHAJHLM<FLCCIMKE 6FK9AGJELMDKM7FIHIGLM ? $MQHQLKOMQR IQR NAAQMKQR QLKMNR (F=>FEE JQIR3PNMLNRBMQGQJQLKQRIOR;QLJPKOR N 0LFM @J>>KIFKM KG:IF@J=KIGKM FK;IE>LFCKM JK 7AFJHIFKM :JEEK@LGHJFK!M 5;;?M 6LFLCJM 'FK8 @JEDKM8M6LE?M( +#++ M!M&IHH?M%JAFK=KI %JBF M8M6LE?M( +# (+ ML#IMBIGCAEHJFL KMCKHKMKGHLFGLHM...?HFK9AGJELDKBFIHIGL?GLH LM...?JCHLK@@I9KEK?KH? 5NLGNMJOKNR$MQ;QLKP;NR=0E, $ $'. "$.&&+. -),-*+. &&+. ,)),. -*%,' 5NDBIQHHNRPLJCHKMPOIQR 5OHQP9 APGPN4R BQMR IOR IO;NMO<PNLQR QR KMOHNMDO9 <PNLQR JQIR IOKKQR HPKNR LQIR GNDCLQR JP 5MNKNLQR@RINGFR$OHHN;QGG(PN@R<NLORPL9 JCHKMPOIQFR QKKNRGNDBIQHHNRPLJCHKMPOIQ PLHPHKQLKQRHCRJPRRCLROBBQ<<ODOLKNRJP KQMMQLNRJQIIORHCBQMAPGPQRJPRGPMGOR=EF,EE D6FR RGNHKPKCPKNRJOR =4R GOBOLLNLQR R BQMR IOR IO;NMO<PNLQR Q GNLHQM;O<PNLQRJQPRBMNJNKKPR >4RPDBPOLKP@RDOGG(PLOMPRQJROKKMQ<<OKCMQ BQMR IOR IO;NMO<PNLQR QR KMOHANMDO<PNLQ JQIRIOKKQR 84RDN:PIPRQJROMMQJPR "(##,. +&('.'FR=F.7EFEEE@EE * +-%*,'.'FR=EFEEE@EE (- *)+.%,-.*-%+-),' =,0=>0>E=> (- *)+.%,-.*-%+-),' =70E=0>E=8 (- *)+.%,-.*-%+-),' =/0E>0>E=8 N ,LM;LGDKHLMCJFJGGIML::LHHAJHLM<FLCCIMKE 6FK9AGJELMDKM7FIHIGLM ? $MQHQLKOMQR IQR NAAQMKQR QLKMNR (F=>FEE JQIR3PNMLNRBMQGQJQLKQRIOR;QLJPKOR N 0LFM@J>>KIFKMKG:IF@J=KIGKMFK;IE>LFCKMJEEJ BJGBLEELFKJM:JEEK@LGHJFLMIMBIGCAEHJFLMKMCKHK
KGHLFGLHM ...?HFK9AGJELDKBFIHIGL?GLHM L ...?JCHLK@@I9KEK?KH?
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
'A-;?AC:?C7B//BC (5C/B9=?<@;;B% 5C 1B;?= %C C C $ 5C B9@C 3) B9@BC:?C'B!!9?<B=?C919B;? 3 BC:@8<9?==BC/B9=?<@;;BC9?81;=BC>@;C B=B 8=AC#@99@>?C?>=@8=B=BC<A7@C8@-1@%C A 71>@C:?C$B>C.?@=9ACBC B?:BC:?9?==AC:@; <A><@:@>=@ CA7?88?8C C;?*@;;B9?A 3 .@9C?;C<A7/;@88AC:?C'B!!9?<B=?C C8=B=B 9?;B8<?B=BC :B;C A71>@C :?C B7@4?B #@97@C;BC A><@88?A>@C :?;?4?BC?>C$B >B=A9?B C>3)+" C:@;C)+3 3,"" 3 ' . &CC),"3" 5+2 &THMPUJHTITO? NPJSISQOOPETFSLQOPET?ITONPNMTONQKTNNTUESMDPLQ ISO9HQONQ% .&C),3"" 5 + &THMPUETONHOPFSLQOP? ETITONPOPEQONQNMTUESMDPLQUKTNNQONQISO9HT% . .&C,23""(5 &THMPUJSTIS? FSLQOPETITONPOPEQONQKTSUESMDPLQUPNNQONQKTNNT% R +LSU SFFP=SLSU ETODPOPU GPKNSU SOU ETOJSNQ OTLLPUKNQNPUJSUCQNNPUTUJSUJSMSNNPUSOUIHSUKSUNMP? EQOPAU KTOBQU QLIHOQU DQMQOBSQU GTMU TES? BSPOTAU FPLTKNSTU TU GMTNTKTU JSU TETONHQLS IPOJHNNPMS U IPOU DLSU QIITKKPMSAU JSGTO? JTOBTAUGTMNSOTOBTAUKTMESN UQNNSETUTUGQK? KSETUTKSKNTONSUTUJSMSNNSUGMPGPMBSPOQLSUKHLLT GQMNSUJTLL>TJSCSISPUI:TUJTEPOPUMSNTOTMKSUIP? FHOSUQUOPMFQUJSULTDDTU&TJUTETONHQLTUMT? DPLQFTONPUJSUIPOJPFSOSP%@ R <U=TOSUJSUIHSUKPGMQUKPOPUFTDLSPUJTKIMSNNS OTLLQUMTLQBSPOTUJSUKNSFQAUJTGPKSNQNQUQDLS QNNSUJTLLQUGMPITJHMQAUQUCSMFQUJTLL>TKGTMNP QMI:@U #QNMSBSQU 6PMTLLSAU I:TU GH U TKKTMT IPOKHLNQNQUJQLL>PCCTMTONTU&TJUQLLQU9HQLTUKS CQUTKGMTKKPUMSOESPUQOI:TUGTMUNHNNPUIS UI:T IPOITMOTUL>TKSKNTOBQUJSUTETONHQLSUPOTMSUT GTKSUQU9HQLKSQKSUNSNPLPUDMQEQONSUKHSU=TOS% KHLUKSNPUSONTMOTNU @GPMNQLTQKNT@IPFUT KHU <LU$PFQOS U&7JSBSPOTU(TDSPOQLT%UTUOTS SULPIQLSUJTLLQU .KKPISQBSPOTU2PNQMSLTU#MP? ITJHMTU7KTIHNSETUJSU6QFTBSQU5TMFT UKSNS GMTKKPUDLSU CCSISU+SHJSBSQMSUJTLU5MS=HOQLT JSU6QFTBSQU5TMFT@ R 7>UGPKKS=SLTUI:STJTMTUHOUCSOQOBSQFTONP GQMSUQLU 8"*8 UJTLUGMTBBPU=QKTUQDLSU<KNS? NHNSUJSUIMTJSNPUI:TU:QOOPUQJTMSNPUQLL>SONTKQ IPOUSLU5MS=HOQLTUJSU6QFTBSQU5TMFTAUPKKSQ 'QOIQU0QMSFTAU)QOU#QPLPU<4<?'QOIPUJS 2QGPLSAU 'QOIQU #PGPLQMTU JSU 0MPNPOTA 4PONTUJTSU#QKI:SUJSU)STOQAU'QOIQUJSU0Q? NQOBQMPAUQUIHSUGPNMQOOPUMSEPLDTMKSUJSMTNNQ? FTONT@U R <UFHNHSUKQMQOOPUDQMQONSNSUJQUSGPNTIQUJQ SKIMSETMTUKHLLPUKNTKKPUSFFP=SLTUGPKNPUSO ETOJSNQ@U R 4QDDSPMSUSOCPMFQBSPOSUGPNMQOOPUTKKTMT I:STKNTUQLLTU=QOI:TUSONTMTKKQNT@ R )TUL>PCCTMTONTUOPOUJSESTOTUQDDSHJSIQNQ? MSPAU LQU IQHBSPOTU ETMM;U SFFTJSQNQFTONT MTKNSNHSNQU JPGPU LQU I:SHKHMQU JTLLQU DQMQA KQLEPUI:TULPUKNTKKPUOPOUQ==SQUPFTKKPUJS GQMNTISGQMTU QLLQU FTJTKSFQAU GTMKPOQL? FTONTU PU QU FTBBPU JSU GMPIHMQNPMTU KGT? ISQLTAUKTOBQUJPIHFTONQNPUTUDSHKNSCSIQNP FPNSEP U R OUNQLTUIQKPULQUIQHBSPOTU,UMTKNSNHSNQUKPLP OTLLQUFSKHMQUJTSU "38U&OPETUJTISFS%UUJTL? L>SONTMPU TU LQU MTKNQONTU GQMNTU ,U NMQNNTOHNQ IPFTUKPFFQUMSOETOSTONTUQUNHNNSUDLSUTCCTNNS JQLL>TKTIHBSPOT@U R <OU IQKPU JSU JH==SU KHLLQU KHKKSKNTOBQU JTS FPNSESUDSHKNSCSIQNSUGTMULQUFQOIQNQUGQMNTIS? GQBSPOTUQLLQUDQMQAUL>PCCTMTONTUKSUMSEPLDTM; QLU+SHJSITAUI:TUJSKGPMM;USOUFTMSNPUQLLQUMT? KNSNHBSPOTUJTLL>SONTMQUIQHBSPOTUPUMTKGSO? DTM;ULQUMTLQNSEQUJPFQOJQ@ R .UOPMFQUJTLL>QMN@U !U$#(U8!"8!"/883UO@ *8UL>QDDSHJSIQNQMSPAU9HQLPMQUL>SFFP=SLT KSUNMPESUOTLLTUIPOJSBSPOSUGMTESKNTUGTMUSLUMS? LQKISPUJTLUGTMFTKKPUJSUIPKNMHSMTUSOUKQOQ? NPMSQAU JPEM;U GMTKTONQMTU QU GMPGMST TKILHKSETUKGTKTUJPFQOJQUJSUGTMFTKKP SOUKQOQNPMSQAUTONMPU3/8UDSPMOSUJQLLQUOPNS? CSIQUJTLUJTIMTNPUJSUNMQKCTMSFTONP@ R )POPUQUIQMSIPUJTLL>QDDSHJSIQNQMSPUNHNNTULT KGTKTUGTMUSLUNMQKCTMSFTONPUJTDLSUSFFP=SLS OPOI: U9HTLLTUMTLQNSETUQLLQUIQOITLLQBSPOT JTLLQUNMQKIMSBSPOTUJTLUGSDOPMQFTONPUTUJS NHNNTULTUCPMFQLSN;UIPOUSUMTLQNSESUIPFGTOKS KGTNNQONSUQLUGMPCTKKSPOSKNQUJTLTDQNPUGTMULT PGTMQBSPOSUKHIITKKSETUQLLQUETOJSNQAUIPFT LS9HSJQNSUJQLU+@7@@ R 0HKNPJTU DSHJSBSQMSPU JTLU =TOTU ,U SLU JPNN@ IPFFTMISQLSKNQU Q=SPU4QKKSFSLSQOPU0QO? BPOSTMTUIPOUKNHJSPUSOU6QFTBSQU5TMFTUQLLQ ESQUJTSU4SLLTU&NTL@8 !*"/3**1%AUIHSUNHNNSUDLS SONTMTKKQNSU QLL>QI9HSKNPU GPNMQOOPU MSEPL? DTMKSUGTMUESKSNQMTUSU=TOS@U R 6QU GH==LSISN;AU LTU FPJQLSN;U JSU GMTKTONQ? BSPOTUJTLLTUJPFQOJTUTULTUIPOJSBSPOSUJTLLQ ETOJSNQUKPOPUMTDPLQNTUJQLLTU 0POJSBSPOS DTOTMQLSUSOUFQNTMSQUJSUETOJSNTUSFFP=SLSQMS JTLTDQNT UQLLTDQNTUQLUGMTKTONTUQEESKP@ R <LUGMTKTONTU QEESKPUJSUETOJSNQ USOUTKNMQNNP KQM;UQCCSKKPUGMTKKPUL>.L=PUJTLL> CCSISPU+SH? JSBSQMSPUJTLU5MS=HOQLTUJSU6QFTBSQU5TMFT@
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
R <OUIQKPUJSUGS UPCCTMNTUEQLSJTAUKSUGMPITJTM; QUDQMQUKHLLQU=QKTUJTLLQUPCCTMNQUGS UQLNQ@U R <LU=TOTUETMM;UJTCSOSNSEQFTONTUQDDSHJSIQNP QUI:SUQEM;UTCCTNNHQNPUSLUMSLQOISPUGS UQLNP@U R 6QUETOJSNQUQEESTOTUOTLLPUKNQNPUJSUCQNNPUT JSUJSMSNNPUSOUIHSUSU=TOSUKSUNMPEQOPAUIPOUNHNNT LTUTETONHQLSUGTMNSOTOBTAUQIITKKSPOSAUMQ? DSPOSUTJUQBSPOSAUKTMESN UQNNSETUTUGQKKSET@U R 6QU ETOJSNQU ,U QU IPMGPU TU OPOU QU FSKHMQA TETONHQLSU JSCCTMTOBTU JSU FSKHMQU OPOU GP? NMQOOPUJQMULHPDPUQJUQLIHOUMSKQMISFTONPA SOJTOOSN;UPUMSJHBSPOTUJTLUGMTBBP@U R 6QUETOJSNQUCPMBQNQUOPOU,UKPDDTNNQUQLLT OPMFTUIPOITMOTONSULQUDQMQOBSQUGTMUESBSUP FQOIQOBQUJSU9HQLSN;AUO UGPNM;UTKKTMTUMT? EPIQNQUGTMUQLIHOUFPNSEP@U R 0POKTDHTONTFTONTUL>TKSKNTOBQUJSUTETO? NHQLSUESBSAUFQOIQOBQUJSU9HQLSN;UPUJSCCPMFSN; JTLLQUIPKQUETOJHNQAUPOTMSUJSU9HQLKSQKSUDT? OTMTU USESUIPFGMTKSAUQJUTKTFGSPAU9HTLLS HM=QOSKNSISUPEETMPUJTMSEQONSUJQLLQUTETO? NHQLTU OTITKKSN;U JSU QJTDHQFTONPU JSU SF? GSQONSU QLLTU LTDDSU ESDTONSAU KGTKT IPOJPFSOSQLSU JTLL>QOOPU SOU IPMKPU TU JTL? L>QOOPUGMTITJTONTUOPOUGQDQNTUJQLUJT=S? NPMTU U GTMU 9HQLKSQKSU FPNSEPU OPO IPOKSJTMQNSAUQOI:TUKTUPIIHLNSUTUIPFHO? 9HTUOPOUTESJTOBSQNSUSOUGTMSBSQAUOPOUGP? NMQOOPUJQMULHPDPUQJUQLIHOUMSKQMISFTONPA SOJTOOSN;UPUMSJHBSPOTUJTLUGMTBBPAUTKKTO? JPKSUJSUIS UNTOHNPUIPONPUOTLLQUEQLHNQBSPOT JTSU=TOS@U R +LSU SFFP=SLSU KQMQOOPU ETOJHNSU LS=TMSU JQ NHNNTULTUCPMFQLSN;UGMTDSHJSBSTEPLS@U R 6TU CPMFQLSN;U GMTDSHJSBSTEPLSU DMQEQONS KHDLSUSFFP=SLSUKQMQOOPUIQOITLLQNTUQUIHMQ TUKGTKTUJTLL>QDDSHJSIQNQMSP@ R )TUL>SFFP=SLTU,UPIIHGQNPUJQLUJT=SNPMTUP JQUNTMBSUKTOBQUNSNPLPAULQULS=TMQBSPOTUUKQM; TCCTNNHQNQUQUIHMQUJTLU0HKNPJTU+SHJSBSQMSP@ R -DOSUPOTMTUCSKIQLTUJTMSEQONTUJQLLQUETO? JSNQUKQM;UQUIQMSIPUJTLL>QDDSHJSIQNQMSP@ R #TMUNHNNPU9HQONPU9HSUOPOUGMTESKNPUKSUQG? GLSIQOPULTUESDTONSUOPMFTUJSULTDDT@ R HQONPUQLLQUETOJSNQUIPOUSOIQONPAUCTMFT LTUJSKGPKSBSPOSUKPGMQUSOJSIQNTAUKTUIPFGQ? NS=SLSAU EQLDPOPU LTU OPMFTU JSU IHSU QDLSU QMNN@ 1 !AU1*8AU1* UTU1*1UI@G@I@@ R +LSUPCCTMTONSUJPEMQOOPUJSI:SQMQMTULQUGMP? GMSQUMTKSJTOBQUOTLU0SMIPOJQMSPUJTLU5MS=H? OQLTU JSU 6QFTBSQU 5TMFTU PU TLTDDTMT JPFSISLSPUSOU6QFTBSQU5TMFT@ R -CCTMNTUSOUQHFTONPUJSUHOU9HSONP R .U OPMFQU JTLL>QMN@U 1* U I@G@I@AU QEETOHNP L>SOIQONPAUGPKKPOPUQOIPMQUTKKTMTUCQNNTUPC? CTMNTUJSUQI9HSKNPUTONMPUSLUNTMFSOTUGTMTONP? MSPUJSU38UDSPMOSUJQLLQUDQMQAUFQUTKKTUOPO KPOPUTCCSIQISUKTUSLUGMTBBPUPCCTMNPUOPOUKH? GTMQUJSU3"1U&HOU9HSONP%U9HTLLPUMQDDSHONP OTLL>SOIQONP@ R #TMNQONPUL>QDDSHJSIQBSPOTUJSETMM;UJTCSOS? NSEQUJTIPMKSU38UDSPMOSUKTOBQUPCCTMNTUSOUQH? FTONP@U $SETOHNQU JTCSOSNSEQ L>QDDSHJSIQBSPOTU JPEM;U TKKTMTU ETMKQNQ OTSU KTKKQONQU DSPMOSU KHIITKKSESU LQU JSCCT? MTOBQUJTLUGMTBBPUJSUQDDSHJSIQBSPOTUFT? JSQONTUQKKTDOPUISMIPLQMTUOPOUNMQKCTMS=SLT SONTKNQNPUQU OPNQSPU4QMSPU'SLQODSPOTUGMP? ITJHMQUTKTIHNSEQU 1"/88 U(@7@ UOPOI: SLUETONSUGTMUITONPUJTLUGMTBBPUJSUQDDSHJSIQ? BSPOTUKTFGMTUFTJSQONTUQKKTDOPUISMIP? LQMTU OPOU NMQKCTMS=SLTU SONTKNQNPU QU OPNQSP 4QMSPU 'SLQODSPOTU GMPITJHMQU TKTIHNSEQ 1"/88 U(@7@ U9HQLTUGMTKHFS=SLTUSFGPMNP GTMUKGTKT@ R 5QLSUPCCTMNTUGPNMQOOPUTKKTMTUJTGPKSNQNT GMTKKPU L>SOJSMSBBPU KPGMQU SOJSIQNPAU OTLLT CPMFTUJSUIHSUQLL>QMN@U1 3UI@G@I@AU R GMTKNQOJPUIQHBSPOTUGTMUHOQUKPFFQUGQMS QLUJPGGSPUJTLLQUIQHBSPOTUETMKQNQUGTMULQ GQMNTISGQBSPOTUQLL>SOIQONP@U R <OUIQKPUJSUGMTKTONQBSPOTUJSUNQLSUPCCTMNTA ETMM;USOJTNNQUHOQUDQMQUKTIPOJPULTUGMTES? KSPOSUJSUIHSUQLL>QMN@U1* UI@G@I@@ R )TUOTKKHOPUJTDLSUPCCTMTONSUSOUQHFTONP GQMNTISGQUQLLQUDQMQUSOJTNNQUQUOPMFQUJTL? L>QMN@U1* AUIPFFQU AUI@G@I@AU R L>QDDSHJSIQBSPOTU JSETONQU JTCSOSNSEQU T ETMM;UGMPOHOISQNQUQUIQMSIPUJTDLSUPCCTMTONS &KQLEPUI:TUMSIPMMQUHOUJPIHFTONQNPUTUDSH? KNSCSIQNPUFPNSEP%ULQUGTMJSNQUJTLLQUIQHBSPOTA
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
O
O
O O
O
O
O
O
O
O
O
O
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
2ENJQRDNIKQRPLKQAINLKQRQRGMGKNL@PNJQRHQJJN DIQGQLKQR MIHPLNL@NBR :>63=;>@ %=;<@ ?88> <6>@+#.//@7>8@,/@;<(>3 6>@,/+,4@9<; 8>@3<7?8=: @>@0>6@=8@06>55<@3=;=3<@7= 9-=@2<06? 1 @%=22?:?4@0>6@=8@$=<6;<@,+@;<(>3 6> ,/+,4@<6>@7=@6=:<4@8?@(>;7=:?@?=@0- 8=9= =;9?;:=@ 7>8@ 9<30>;7=<@ =33< =8=?6> 2<06?@=;7=9?:<4@9<;@8>@3<7?8=: @>@0>6 =8@06>55<@ ?2>@7=@9-=@=;;?;5= -4R)85+9/4R4--;95145/0R4))9858 R4--8R'8 85/9R105+9 9059
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
O
O
O O
O
O
O
O
O
O
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
/&1 < <&1<W%919'46<<1W*4.9'<4W < W 91 <.9W<**&"<6<4'<W 969%4.9 R JTPQSWTNNTWFVPMUQTWLVPCTWUPKTPQS! ; <=9&&<65<=1:=82 .:359=19"68779=<3' 3<6<=/6<3<7585<=:7=#.358=2 :.38=297' 5<7<75<=19)8718=1:=/865<2:/8%:97<=:7 28658= 4<(84<0= <7569= 4<= 96<= +*0,,= 1<4 (:9679=+ =79"<)#6<=*,+*R 2JNNTW@JLQTWMSFOTPPSWVLLVOVWUPMUKTQVWNV LSNVWGVPVOTNUQ>WMUWK=UWIOVLVPQTWN?SEEVOQTD
R ;
R R
R R
R
R
R R
R R
R R
R R R
R R
R R R R
R
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
UPMVPPUQ>WSWOUMJCUSPVWMVNWIOVCCSBW R 6TWFVPMUQTWESOCTQTWPSPW)WLSGGVQQTWTNNV PSOHVWKSPKVOPVPQUWNTWGTOTPCUTWIVOWFUCUWS HTPKTPCTWMUW:JTNUQ>DWP WISQO>WVLLVOVWOVA FSKTQTWIVOWTNKJPWHSQUFSBW R /SPLVGJVPQVHVPQVWN?VLULQVPCTWMUWVFVPA QJTNUWFUCUDWHTPKTPCTWMUW:JTNUQ>WSWMUEESOHUQ> MVNNTWKSLTWFVPMJQTDWSPVOUWMUW:JTNLUTLUWGVA PVOVW WUFUWKSHIOVLUDWTMWVLVHIUSDW:JVNNU JO@TPULQUKUWSFFVOSWMVOUFTPQUWMTNNTWVFVPA QJTNVW PVKVLLUQ>W MUW TMVGJTHVPQSW MUW UHA IUTPQUW TNNVW NVGGUW FUGVPQUDW LIVLV KSPMSHUPUTNUW MVNN?TPPSW UPW KSOLSW VW MVNA N?TPPSWIOVKVMVPQVWPSPWITGTQVWMTNWMV@UA QSOVW W IVOW :JTNLUTLUW HSQUFSW PSP KSPLUMVOTQUDWTPK=VWLVWSKKJNQUWVWKSHJPA :JVWPSPWVFUMVPCUTQUWUPWIVOUCUTDWPSPWISA QOTPPSWMTOWNJSGSWTMWTNKJPWOULTOKUHVPQSD UPMVPPUQ>WSWOUMJCUSPVWMVNWIOVCCSDWVLLVPA MSLUWMUWKU WQVPJQSWKSPQSWPVNNTWFTNJQTCUSPV MVUW@VPUBW R %NUW UHHS@UNUW LTOTPPSW FVPMJQUW NU@VOUW MT QJQQVWNVWESOHTNUQ>WIOVGUJMUCUVFSNUBW R 6VW ESOHTNUQ>W IOVGUJMUCUVFSNUW GOTFTPQU LJGNUWUHHS@UNUWLTOTPPSWKTPKVNNTQVWTWKJOT VWLIVLVWMVNN?TGGUJMUKTQTOUSB R 2VWGNUWUHHS@UNUWLSPSWSKKJITQUWMTNWMV@UA QSOVWSWMTWQVOCUWLVPCTWQUQSNSDWNTWNU@VOTCUSPV LTO>WVEEVQQJTQTWTWKJOTWMVNW/JLQSMVW%UJMUA CUTOUSB R &GPUWSPVOVWEULKTNVWMVOUFTPQVWMTNNTWFVPA MUQTWLTO>WTWKTOUKSWMVNN?TGGUJMUKTQTOUSB R VOWQJQQSW:JTPQSW:JUWPSPWIOVFULQSWLUWTIA INUKTPSWNVWFUGVPQUWPSOHVWMUWNVGGVB R JTPQSWTNNTWFVPMUQTWKSPWUPKTPQSDWEVOHV NVWMULISLUCUSPUWLSIOTWUPMUKTQVDWLVWKSHITA QU@UNUDW FTNGSPSW NVW PSOHVW MUW KJUW TGNUW TOQQB 7 -DW7#;DW7#$WVW7#7WKBIBKBB R %NUWSEEVOVPQUWMSFOTPPSWMUK=UTOTOVWNTWIOSA IOUTWOVLUMVPCTWPVNW/UOKSPMTOUSWMVNW.OU@JA PTNVW MUW 6THVCUTW .VOHVW SW VNVGGVOV MSHUKUNUSWUPW6THVCUTW.VOHVB R JTPQSWTNNTWFVPMUQTWKSPWUPKTPQS! ; (7:= 9&&<6<75<= 19"6 = 1</93:586< /6<339=4 3392:8%:97<= 9586:4<= 692<' 1.6<= 3<2.5:"<=/6<339=:4= 6:#.784<=1: 8)<%:8= <6)<=<7569=4<=96<=+*0,,=1<4 (:9679=$=1:2<)#6<=*,+*=#.358=2 :.38 2975<7<75<= 19)8718= 1:= /865<2:/8' %:97<=:7=28658=4<(84<R 6TWMSHTPMTWMSFO>WKSPQVPVOV! R T0AWLVWIVOLSPTWEULUKT!WAWKSGPSHVDWPSHVD NJSGSWVWMTQTWMUWPTLKUQTDWKSMUKVWEULKTNVD MSHUKUNUSWVWOVLUMVPCTDWLQTQSWKUFUNVDWOVKTA IUQSWQVNVESPUKSWMVNWOUK=UVMVPQV WUPWKTLSWNS LQVLLSWLUTWKSPUJGTQSDWUNWLJSWOVGUHVWITQOUA HSPUTNVDWKSPWUPMUKTCUSPVW W:JTNSOTWKSA PUJGTQSWUPWOVGUHVWMUWKSHJPUSPVWNVGTNVW MVNNVWGVPVOTNUQ>WMVNWKSPUJGVBW R 4NNTWMSHTPMTWMSFOTPPSWVLLVOVWTNNVGTQV KSIUVW ESQSLQTQUK=VW MUW JPW FTNUMSW MSKJA HVPQSW MUW UMVPQUQ>W VW MVNW KSMUKVW EULKTNV (TPK=VWMVNWKSPUJGVWLVWUPWOVGUHVWMUWKSHJA PUSPVWNVGTNV0B R JTNSOTW MVQQTW IVOLSPTW EULUKTW MSFVLLV ITOQVKUITOVWUPW:JTNUQ>WMUWQUQSNTOVWMUWSHSA PUHTWMUQQTWUPMUFUMJTNVDWMSFO>WVLLVOVWUPMUA KTQTW NTW ITOQUQTW < 4W VW TNN?SEEVOQTW MSFO> VLLVOVW TNQOVL W TNNVGTQTW JPTW OVKVPQVW FUA LJOTWKTHVOTNVWMVNNTWMUQQTWLQVLLTB R @0AWLVWLSKUVQ>WSWVPQV!WMTQUWUMVPQUEUKTQUFUD UPKNJLTWNTWITOQUQTW< 4WV3SWKSMUKVWEULKTNVD OVKTIUQSW QVNVESPUKSDW PSPK= W PSHVDW KSA GPSHVDWNJSGSWVWMTQTWMUWPTLKUQTWMVNWNVGTNV OTIIOVLVPQTPQVBW R 4NNTWMSHTPMTWMSFOTPPSWVLLVOVWTNNVGTQU LUTWJPTWOVKVPQVWFULJOTWKTHVOTNVW(MTNNT :JTNVWOULJNQUWNSWLQTQSWMVNNTWLSKUVQ>WSWVPQV VMW UW ISQVOUW KSPEVOUQUW TNN?SEEVOVPQVW UP JMUVPCT0WLUTWKSIUTWESQSLQTQUKTWMUWJPWFTNUMS MSKJHVPQSWMUWUMVPQUQ>WMUWMVQQSWSEEVOVPQVB R K0AW TLLVGPSW KUOKSNTOVW PSPW QOTLEVOU@UNV ITOUWTNW5; W(MUVKUWIVOWKVPQS0WMVNWIOVCCS @TLVWM?TLQTDWTWQUQSNSWMUWKTJCUSPVDWUPQVLQTQS TW PSQTUSW *TOUSW "UNTPGUSPVW IOSKVMJOT VLVKJQUFTW,$38;;8W'B9B B R 2UWIOVKULTWK=VWUPWKTLSWMUWHTPKTQTWTGGUJA MUKTCUSPVDWMVQQSWTLLVGPSWLTO>WOVLQUQJUQS UHHVMUTQTHVPQVB R &EEVOQVWUPWTJHVPQSWMUWJPW:JUPQS! R 4W PSOHTW MVNN?TOQBW 7#$W KBIBKBDW TFFVPJQS N?UPKTPQSDWISLLSPSWTPKSOTWVLLVOVWETQQVWSEA EVOQVWMUWTK:JULQSWVPQOSWUNWQVOHUPVWIVOVPQSA OUSWMUW5;WGUSOPUWMTNNTWGTOTDWHTWVLLVWPSP LSPSWVEEUKTKUWLVWUNWIOVCCSWSEEVOQSWPSPWLJA IVOTWMUW537W(JPW:JUPQS0W:JVNNSWOTGGUJPQS PVNN?UPKTPQSB R VOQTPQSWN?TGGUJMUKTCUSPVWMUFVOO>WMVEUPUA QUFTWMVKSOLUW5;WGUSOPUWLVPCTWSEEVOQVWUPWTJA HVPQSBW R UFVPJQTW MVEUPUQUFTW N?TGGUJMUKTCUSPV MSFO>WVLLVOVWFVOLTQTWPVUWLVLLTPQTWGUSOPU LJKKVLLUFUWNTWMUEEVOVPCTWMVNWIOVCCSWMUWTGA GUJMUKTCUSPVWHVMUTPQVWTLLVGPSWKUOKSNTOV PSPWQOTLEVOU@UNVWUPQVLQTQSWTW PSQTUSW*TOUS
"UNTPGUSPVWIOSKVMJOTWVLVKJQUFTW,$38;;8 'B9B WPSPK= WUNWFVPQUWIVOWKVPQSWMVNWIOVCCS MUWTGGUJMUKTCUSPVWLVHIOVWHVMUTPQVWTLA LVGPSWKUOKSNTOVWPSPWQOTLEVOU@UNVWUPQVLQTQS TW PSQTUSW *TOUSW "UNTPGUSPVW IOSKVMJOT VLVKJQUFTW,$38;;8W'B9B W:JTNVWIOVLJHUA @UNVWUHISOQSWIVOWLIVLVB R .TNUWSEEVOQVWISQOTPPSWVLLVOVWMVISLUQTQV IOVLLSW N?UPMUOUCCSW LSIOTW UPMUKTQSDW PVNNV ESOHVWMUWKJUWTNN?TOQBW7 5WKBIBKBDWIOVLQTPMS KTJCUSPVWIVOWJPTWLSHHTWITOUWTNWMSIIUS MVNNTWKTJCUSPVWFVOLTQTWIVOWNTWITOQVKUITA CUSPVW TNN?UPKTPQSBW <PW KTLSW MUW IOVLVPQTA CUSPVW MUW QTNUW SEEVOQVDW FVOO>W UPMVQQTW JPT GTOTWLVKSPMSWNVWIOVFULUSPUWMUWKJUWTNN?TOQB 7#$WKBIBKBB R 2VWPVLLJPSWMVGNUWSEEVOVPQUWUPWTJHVPQS ITOQVKUITWTNNTWGTOTWUPMVQQTWTWPSOHTWMVNA N?TOQBW7#$DWKSHHTW DWKBIBKBDWN?TGGUJMUKTA CUSPVW MUFVPQTW MVEUPUQUFTW VW FVOO> IOSPJPKUTQTWTWKTOUKSWMVGNUWSEEVOVPQUW(LTNFS K=VWOUKSOOTWJPWMSKJHVPQTQSWVWGUJLQUEUKTQS HSQUFS0WWNTWIVOMUQTWMVNNTWKTJCUSPVDWUNWKJU UHISOQSW)WQOTQQVPJQSWKSHVWOUPFVPUVPQVWT QJQQUWGNUWVEEVQQUWMTNN?VLVKJCUSPVBW&GPUWMSA HTPMTW MUW OVLQUQJCUSPVW MVNNTW KTJCUSPV MSFO>WVLLVOVWUPMUOUCCTQTWMTGNUWSEEVOVPQUWTN %UJMUKVWMVNN?9LVKJCUSPVBW </<&W929/ <&1<W<**&"<6<4'< - -=7-=*+ *,+, <6W%< </9W 966+929/ <&19 NVQQUWGNUWTQQUWMVNWIOSKVMUHVPQSWVWLKUSNQTWNTWOULVOFT TLLJPQTWTNN+JMUVPCTWMVNW87WPSFVH@OVW8;5;WVM UPW FUOQ W MVNN?&OMUPTPCTW OVLTW TNN?JMUVPCTW MVN B58B8;55B IOVLSWTQQSWMVNN+ULQTPCTWMUWFVPMUQTWESOHJNTQTWMTN KOVMUQSOVWIOSKVMVPQV OUNVFTQSDWUPWFUTWIOVNUHUPTOVDWK=VDWTUWLVPLUWMVNA N+TOQBW5 W3@ULDW3JNQUHSWKSHHTDWMULIBWTQQBWKBIBKBD NVWITOQUWISLLSPSWMVISLUQTOVDWTNN+JMUVPCTWMUWKJU TNN+TOQBW7-,WKBIBKBDWPSQVWTNNTWOVNTCUSPVWQVKPUKT M+JEEUKUSDWIJOK= WT@@UTPSWIOSFFVMJQSDWTNHVPS :JUPMUKUW GUSOPUW IOUHTDW TMW UPFUTOVW NVW IOVMVQQV PSQVWTNWIVOUQSDWLVKSPMSWNVWHSMTNUQ>WIOVEULLTQV MTNWNVGULNTQSOVDWSPMVWKSPLVPQUOVWTNWHVMVLUHS MUWUPQVOFVPUOVWTNN+JMUVPCTWIVOWOVPMVOVWUWK=UTOUA HVPQUWOUK=UVLQU WOUNVFTQSWK=VDWPVNNTWETQQULIVKUVWUP VLTHVDWUNWMV@UQSOVWPSPW=TWUPSNQOTQSWTNN+VLIVOQS TNKJPTWOUK=UVLQTWMUWK=UTOUHVPQUWV3SWUPQVGOTCUSPU UPWSOMUPVWTNN+VNT@SOTQSWIVOUQTNVDWLUKK= WNVWKSPA QVLQTCUSPUWLSNNVFTQVWKUOKTWUWKOUQVOUWVLQUHTQUFUDWIVA OTNQOSW TMVGJTQTHVPQVW UPMUKTQUDW OULJNQTPS HTPUEVLQTHVPQVWUPTHHULLU@UNU OUNVFTQSWK=VDWKJLQSMVWMVUW@VPUWIUGPSOTQUW)WUNWMVA @UQSOV KSPLUMVOTQSW K=VW NTW PTQJOTW VW NTW MVLQUPTCUSPV M+JLSWMVNWKSHIVPMUSWIUGPSOTQSBDWJPUQTHVPQV TNNTWKTOVPCTWMUWVNVHVPQUWIOS@TQSOUWMTWKJUWISQVO VFUPKVOVWUNWKSPKOVQSWIVOUKSNSWMUWJPWOVNTQUFSWMVA QVOUSOTHVPQSWPVNNVWHSOVWMVNNTWMVEUPUCUSPVWMVNNT IOSKVMJOTWMUWFVPMUQTDWUPMJKSPSWTWOUQVPVOVWK=V NTWLSLQUQJCUSPVWMVNWMV@UQSOVWKSPWJPWQVOCSWPVNA N+TQQUFUQ>WMUWKJLQSMUTWGUJMUCUTOUTWPSPWT@@UTDWTNNS LQTQSDW JQUNUQ>DW V W TOQBW 77,DW KSHHTW $DW KBIBKBD KSHVWPSFVNNTQSWMTNNVWNVGGUW#;38;;7DW8- 38;;7 VW7538;;-DWEVOHSWOVLQTPMSWN+S@@NUGSWMUWOVPMVOV UNWKSPQSWMUWGVLQUSPVDWV WTOQQBW7-;WVW7, WKBIBKB
OUQVPJQSW MUWISQVOWKSPMUFUMVOVWVWIOVPMVOVWT ESPMTHVPQSWMVNWIOSLUVGJSWMVNNTWIOSKVMJOTWNV KSPKNJLUSPUWMVNNTWOVNTCUSPVWMVNN+VLIVOQSDWUPWSOA MUPVWLUTWTNN+UPMUFUMJTCUSPVWMVNWKSHIVPMUSWUHA HS@UNUTOVWK=VWTNNTWLQUHTWMVNWOVNTQUFSWFTNSOVWMU HVOKTQS OTFFULTQVDW IVOQTPQSDW NVW KSPMUCUSPUW IVOW IOSKVA MVOVDWTUWLVPLUWMVGNUWTOQQBW7-,DW7 5WVW7 -WKBIBKBD KSHVWPSFVNNTQUWMTNNVWNVGGUW#;38;;7DW8- 38;;7 VW7538;;-DWTNW (GU>WOUMSQQSWMUW 0WMUW<.69 !,-,,,0,, (IVOWUNWNSQQSWPBW50WVWMUW<.69=+$- +*0 , (GU>WOUMSQQSWMUW 0WIVOWUNWNSQQSWPBW8DWTNNTWFVPMUQT KSTQQUFTWMVNWLVGJVPQVW@VPV! AW 28/87797<=3:59=:7= 8649/94:0=49' 284:5 = <2968690=8"<75<=.78=3./<6&:2:< 1:=) -=*!*0=9456<=) -= ,0*,=/<6=877<33: 296/:=1:=&8##6:28=797=2<73:5:=:7=2858' 3590= 6:/965859= 7<4= = 1:= 1<559= 29' ).7<=84=&9(4:9=+$0=/-448= 0=3.#=+0=285 $0=24833<=+ 8//<%%8)<759=1:=5<66<79=2:629' 35875<=:4=49559=7-=+0=8"<75<=.78=3./<6&:' 2:<=1:=) -=!-$ !0=6:/965859=7<4= =1<4 29).7<= 1:= 8649/94:0= 49284:5 = <29' 68690=84=&9(4:9=+$0=/-448= 0=24833<=* OUNVFTQSWK=VWSKKSOOVWEULLTOVWNTWMTQTWIVOWGNUWUPA KTPQU <224D<1W'964 <&19W4664W 91 <.4W291 4W<1/41.&D R VOWNTWIOVLVPQTCUSPVWIOVLLSWNTW/TPKVNA NVOUTW MVNNVW 9LVKJCUSPUW <HHS@UNUTOUW MVNNV SEEVOQVWMUWTK:JULQSDWV WTOQBW7 5WKBIBKBDWMVNA N?UHHS@UNVW LSIOTW UPMUKTQSW VW HVGNUSW MVA LKOUQQSWPVNNTWOVNTCUSPVWMVNN?VLIVOQSWUPWTQQUD KJUWLUWETWVLIOVLLSWOUEVOUHVPQSD 5<6):7<
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
INTHSVMUOOSVMSPSVMUOO;TQKSQPR3 W TQVRDQTVKSLRGVIUNVJQSVLROSVFROPSGVMUOOS INULUQPUVRNMTQSQESGVULKOJLUVOUVQRPUGVU MUOOSV NUOSETRQUV MTV LPTHSV MUOO;ULIUNPRV LJ
JQVLTPRV?QPUNQUPVTQMTFTMJSPRVSTVLUQLTVMUOB O;SNPCV4-%VPUNVMTLICVSPPCVKCICKCVUVMTVKJTV"VMSPS QRPTETSVTQV6SQKUOOUNTSGVSOHUQRV9JSNSQPSB KTQ9JUV DTRNQTV INTHSV MUOV PUNHTQUV IUNV OS INULUQPSETRQUVMUOOUVRAAUNPUVRVMUOOSVMSPS MUOO;TQKSQPR3V W TOV KNUMTPRNUV INRKUMUQPUV IRLLSGV TQROPNUG MSNUVIJ@@OTKTP8VMUOOSVINULUQPUVRNMTQSQESG SVLJSVKJNSVUMVRFUVORVNTPUQDSVRIIRNPJQR W SVLJUVLIULUV NTH@RNLS@TOTVU#VSNPCV1--/ KRMCVKTFC GVKRQVIJ@@OTKTP8VHJNSNTSGVMSVUAB AUPPJSNLTVQUTV6RHJQTVMTV5SHUETSV7UNHUVU MTV J@TKSETRQUV MUDOTV THHR@TOTGV SOHUQR 9JSNSQPSKTQ9JUVDTRNQTVINTHSVMUOOSVMSPS MUOO;TQKSQPR3VSVLJUVLIULUV NTH@RNLS@TOTVU# SNPCV1--/VKRMCVKTFC GVSVJOPUNTRNTVARNHUVMT IJ@@OTKTP8V MSOV HUMULTHRV INULKUOPUGV MS ULUDJTNLTVSOHUQRV9JSNSQPSKTQ9JUVDTRNQT INTHSVMUOVPUNHTQUVIUNVOSVINULUQPSETRQU MUOOUVRAAUNPUVRVMUOOSVMSPSVMUOO;TQKSQPR3 W OSVIJ@@OTKTP8VHJNSNTSVUVO;JOPUNTRNUVIJ@@OTB KTP8VINULKUOPSVLRQRVMTK+TSNSPUVLTQVM;RNS QRQV QUKULLSNTUV STV ATQTV MUOO;ULIUNT@TOTP8 MUOOSVFUQMTPS3 W MUOOSVINRFSVMUOOSVIJ@@OTKTP8VUOUPPNRQTKSVU SVHUEERVLPSHISVBVMSVMUIRLTPSNLTVTQVKSQB KUOOUNTSVSOHUQRVMTUKTVDTRNQTVINTHSVMUOOU FUQMTPUVBVLTSVASPPRVKSNTKRVSOVKNUMTPRNUVINRB KUMUQPUVRVLJNNRDSQPU3V =..>(7> W ATQVM;RNSVOUVISNPTVK+UGVRFUVSOO;JMTUQESVATLB LSPSV IUNV OSV KUOU@NSETRQUV MUOO;TQKSQPRG 9JULPRVQRQVS@@TSVOJRDRVIUNV9JSOJQ9JU HRPTFRGVLTVNTLUNFSVMTVSIIOTKSNUVTHHUMTSB PSHUQPUVBVUVKTR"VSV9JUOOSVLPULLSVJMTUQES BV O;SNPTKRORV ,'4V KRMCV INRKCV KTFCGV LUQES SOKJQV NTQFTRV TQPUNHUMTRV RV JOPUNTRNUGV TQ
9JUOORVLPULLRVKRQPULPRVLUQPUQMRVOUVISNPT UV INRFFUMUQMRV LJOOSV MTLIRLTETRQUV MUOB O;SHHTQTLPNSETRQUVDTJMTETSNTSVRVLJOOSVATLB LSETRQUVMTVJQSVQJRFSVFUQMTPS3 :<>(= W TOVKNUMTPRNUVINRKUMUQPUVMTVQRPTATKSNUVUQPNR TOV4/VAU@@NSTRV1/44VOSVINULUQPUVRNMTQSQES STVKNUMTPRNTVMTVKJTVSOO;SNPCV '&VK+UVQRQVLRQR KRHISNLT3 2=;V=77: W MTV QRQV MTLIRNNUGV SOORV LPSPRGV OSV LRLPTPJB ETRQUVMUOVKJLPRMUVIUNVOUVHRPTFSETRQTVTQB QSQETVULINULLU3 :(2?<= W SOVMU@TPRNUVMTVINULUQPSNUVTOVKRQPRVMTVDUB LPTRQUGV U#V SNPPCV ,$/V UV ,'%V KCICKCGV SV ASN MSPSVMSOVITDQRNSHUQPRGVUQPNRVUVQRQVROPNU TOV4/VAU@@NSTRV1/44GVKRQVULINULLRVSFFTLR K+UGVTQVKSLRVMTVTQRPPUHIUNSQESGVO;RHTLB LTRQUVLSN8VFSOJPSPSVSTVATQTVMUOO;UFUQPJSOU QRHTQSVMTVJQVKJLPRMUVULPUNQRC 5SHUETSV7UNHUGVO V1,C44C1/4/
;@ =.4=2?@4?;;% 3?2.*=<8? =..?0:V2?V.><2?7=V 2?V)><?V? :)?5?V > V=(7V-&&GV,$'V6: =V%V GV,-4VUV,-$V6 6 0?V(><2>V<:7:V 6+UVTOV TJMTKUVTLPNJPPRNUGV QUOOSVKSJLSVKTFTOUVMT 4='=3=<8?@8 @ / ( ,// 6@ KRQVRNMTQSQESVUHULLSVTOV1,C/$C1/41GV+SVMTB LIRLPRGVINUFTRVLKTRDOTHUQPRVMUOOSVKRHJQTRQU ULTLPUQPUVPNSVTVKRHINRINTUPSNTGVOSVFUQMTPSVKRQ TQKSQPRVMTVIT VORPPTVVQUOORVLPSPRVMTVASPPRVUVMTVMTNTPPR TQVKJTVLTVPNRFSQRVIUNVTOV1$C44C1/413 @9?77?8<@>)7=2<;<@3=9<@=8@$>7;<!
5<;=6@ ?39?3<@ 2<05;?33='>0?89?@ 5?7 0 1@-//6@7=5<79>9<@8?;@ $ @4=@4?99<@2<! 0.8?@ >;@ #<);=<@ 6@ 51;;>@ ,- 6@ 8<82
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
Q
Q
Q
Q
Q
Q
Q Q
Q
Q
Q
Q
Q
Q
APMFGLRMTU PAATMNTU RLL<SOIRONPU HTMJPORL? FTONTDURUFTBBPUKSUFROKRNRMSPUFGOSNPUKS HMPIGMRUJHTISRLTUPUKSUHMPIGMRNPMTULTERLTD ROI9TURUOPMFRUKTLL<RMN@U32'DUIPFFRU%D I@H@I@U,SLUHMPIGMRNPMTULTERLTUKPCM=DUSOUPEOS IRJPDUTJJTMTUFGOSNPUKSUFROKRNPUJHTISRLT MSJGLNRONTUKRURNNPUHG>>LSIPUPUJIMSNNGMRUHMS? CRNRURGNTONSIRNRDUOPOUTJJTOKPUJGAASISTONT L<PMKSORMSPUFROKRNPURLLTULSNS; OTLL<SHPNTJSU KSU IGSU RLU ISNRNPU RMN@U 32'D IPFFRU%DUSLUFROKRNPUJHTISRLTUMSJGLNRONT KRURNNPUHG>>LSIPUPUJIMSNNGMRUHMSCRNRURGNTO? NSIRNRU KPCM=U TJJTMTU KTHPJSNRNPU IPONT? JNGRLFTONTU RLLRU KSI9SRMRBSPOTU KTL OPFSORNSCPUKTLLRUHTMJPORDUKRUTAATNNGRMJS OTLUNTMFSOTUKSUIGSURLL<RMN@U31%DUIPFFRU8D I@H@I@PEOSUIPOIPMMTONTDUHTMUTJJTMTURFFTJJP RLL<SOIRONPDU KTCTU HMTJTONRMTU SJNROBRU KS HRMNTISHRBSPOTDUSOUMTEPLRUIPOUSLU>PLLPDUMT? IRONTDURUHTORUKSUSOTAASIRISRDUL7SOKSIRBSPOT KTLU OGFTMPU KSU M@E@I@U KTLLRU HMPITKGMRDU SL >TOTUPUSLULPNNPUIGSUL<SJNROBRUJNTJJRU/UMSAT? MSNRDUSLUHMTBBPUHMPHPJNPDULTUHMPHMSTUETOT? MRLSN=U,OPFTDUIPEOPFTDULGPEPUTUKRNRUKS ORJISNRDUIPKSITUASJIRLTDUMTJSKTOBR KPFS? ISLSPDUJNRNPUISCSLTUTDUJTUIPOSGERNPDUMTESFT HRNMSFPOSRLTUAMRUSUIPOSGES;U SOU IRJPU KSU IPFGOSPOTU LTERLTU KTSU >TOSD PIIPMMTM=U SOKSIRMTU ROI9TU LTU ETOTMRLSN= KTLUIPOSGETUOPOUPAATMTONTDURLUASOTUKSUHPNTM NMRJATMSMTURKUTONMRF>SDUHMPU:GPNRDUSLU>TOTD SOUIRJPUKSUREESGKSIRBSPOT; OTLL<SHPNTJSUKSURI:GSJNPURUNSNPLPUHTMJPORLT KRUHRMNTUKSUGOUIPOSGETUSOUMTESFTUKSUIP? FGOSPOTUKTSU>TOSDUPIIPMMTUHMPKGMMTDUPLNMT RLLRUKSI9SRMRBSPOTUKSU:GTJN<GLNSFPDUT(URMN@ 82'DUIPFFRU8DULTNN@UADUIPK@UISC@DU:GTLLRUKTL IPOSGETUOPOURI:GSMTONTUKSUIGSURLUJTIPOKP IPFFRU KTLLRU FTKTJSFRU KSJHPJSBSPOT OPMFRNSCR-DU L<TJHMTJJRU KSI9SRMRBSPOTU KS RCTMUHMTJPUCSJSPOTUKTLLRUHTMSBSRUKSUJNSFR; L<SJNROBRDUOTLUIRJPUKSUHMTJTONRBSPOTUKR HRMNTUKSUGOUFSOPMTOOTDUKPCM=UTJJTMTUJPN? NPJIMSNNRU KRSU ETOSNPMSDU HMTCSRU RGNPMSBBR? BSPOTUKTLUESGKSITUNGNTLRMTDUKRUKTHPJSNRMT SOUIPHSRUIPOAPMFT; SOUIRJPUKSUSJNROBRUHMTJTONRNRUIPOESGONR? FTONTUKRUHS UJPEETNNSDUKTCTUTJJTMTUSOKS? IRNPUIPLGSUI9TUR>>SRUL<TJILGJSCRUARIPLN=UKS APMFGLRMTUTCTONGRLSUPAATMNTUSOURGFTONP; OPOUJRM=UHPJJS>SLTUNMRJATMSMTUL<SFFP>SLT RUJPEETNNPUKSCTMJPUKRU:GTLLPUI9TUJPNNP? JIMSCTUL<SJNROBR; RLL<SJNROBRUKSUHRMNTISHRBSPOTUKTCTUTJJTMT RLLTERNRU IPHSRU KSU CRLSKPU KPIGFTONPU KS SKTONSN=UKTLUIPOIPMMTONTUTDUJTUOTITJJRMSPD CRLSKRU KPIGFTONRBSPOTU IPFHMPCRONTU S HPNTMSUPULRULTESNNSFRBSPOTUKTLLPUJNTJJPU,RK TJ@UHMPIGMRUJHTISRLTUPUITMNSASIRNPUIRFT? MRLTUSOUIRJPUKSUJPISTN=-; IPOUL<SJNROBRUKSUHRMNTISHRBSPOTDUKRUHMT? JTONRMJSUSOU>GJNRUI9SGJRDUJTOBRUJTEOSUKS MSIPOPJISFTONPDUKTCTUTJJTMTUKTHPJSNRNP RJJTEOPUISMIPLRMTUOPOUNMRJATMS>SLTDUSONT? JNRNPURLLTU PJNTU4NRLSROTUJ@H@R@ DUNMRFSNT IGSU TAATNNGRMTU SLU CTMJRFTONPU KTLLRU IRG? BSPOTU,TKUSOUIPONPUHMTBBPUKSUREESGKSIR? BSPOT-DU SOU MRESPOTU KSU GOU KTISFPU KTL HMTBBPU>RJTUK<RJNR; RLL7TJNTMOPUKTLLRU>GJNRUCROOPUROOPNRNSDUR IGMRUKTLUIROITLLSTMTUMSITCTONTDUSLUOPFTD HMTCSRU SKTONSASIRBSPOTDU KSU I9SU FRNTMSRL? FTONTUHMPCCTKTURLUKTHPJSNPDUSLUOPFTUKTL ESGKSITUKTLLRUIRGJRUTULRUKRNRUKTLL7GKSTOBR ASJJRNRUHTMULRUCTOKSNRURLL<SOIRONP; LTU>GJNTUJRMROOPURHTMNTURLL7GKSTOBRUJNR? >SLSNRU HTMU L<SOIRONPU RLLRU HMTJTOBRU KTELS SJNRONSDULRUIGSUIPFHRMSBSPOTU/UOTITJJRMSR RSU ASOSU KTLL<REESGKSIRBSPOTDU I9TU JRM=U KS? JHPJNRU JTIPOKPU LTU HMTJIMSBSPOSU KTLL<RMN@ 318UI@H@I@;U LRU FROIRNRU HRMNTISHRBSPOTU RLL<SOIRONPD HTMJPORLFTONTUPURUFTBBPUKSUHMPIGMRNPMT JHTISRLTDUJTOBRUKPIGFTONRNPUTUESGJNSAS? IRNPU FPNSCPDU IPFHPMNTM=U L<SOIRFTMR? FTONPU KSU 8 86U KTLLRU IRGBSPOTDU I9TDU KS IPONMPDU JRM=U SFFTKSRNRFTONTU MTJNSNGSNR KPHPULRUI9SGJGMRUKTLL<SOIRONPDUPCTUL<PAAT? MTONTDU MTEPLRMFTONTU HMTJTONTDU OPOU KS? CTOERUREESGKSIRNRMSP;U OTLUIRJPUKSUGORUJPLRUSJNROBRUKSUHRMNTIS? HRBSPOTDUPIIPMMTM=UIPFGO:GTURHHPMNRMT GOUMSRLBPUFSOSFPDUT(URMN@U318DUIPFFRU0D HTMUIPOJTEGSMTUL<REESGKSIRBSPOTUHMPCCS? JPMSR; RUOPMFRUKTLL<RMN@U31"UI@H@I@DUSOARNNSDURCCT? OGNPUL<SOIRONPDUHPJJPOPUTJJTMTUHMTJTO? NRNTU PAATMNTU KSU RI:GSJNPU TONMPU SLU NTMFSOT HTMTONPMSPUKSUKSTISUESPMOSUKRLLRUERMRDUFR TJJTUOPOUJPOPUTAASIRISUJTUSLUHMTBBPUPAATMNP OPOUJGHTMRUKSU8 3U:GTLLPUMREESGONPUOTL? L<SOIRONP;UL<REESGKSIRBSPOTDUHTMNRONPDUKS? CTMM=UKTASOSNSCRUPCTDUKTIPMJSUKSTISUESPMOSD OPOUJSROPUJNRNTUHMTJTONRNTUPAATMNTUSOURG?
FTONP; Q NRLSUPAATMNTUHPNMROOPUTJJTMTUKTHPJSNRNT HMTJJPULRU+ROITLLTMSRDUOTLLTUAPMFTUKSUIGS RLL<RMN@U328UI@H@I@DUHMTJNROKPUIRGBSPOTUHTM GORUJPFFRUHRMSURLUKPHHSPUKTLLRUIRGBSPOT CTMJRNRUHTMULRUHRMNTISHRBSPOTURLL<SOIRONP@ 4OUIRJPUKSUHMTJTONRBSPOTUKSUNRLSUPAATMNTD CTMM=USOKTNNRUGORUERMRUJTIPOKPULTUHMTCS? JSPOSUKSUIGSURLL<RMN@U31"UI@H@I@@U TUOTJJGOP KTELSUPAATMTONSUSOURGFTONPUHRMNTISHRURLLR ERMRU SOKTNNRU RU OPMFRU KTLL<RMN@U 31"D IPFFRU%DUI@H@I@DUL<REESGKSIRBSPOTUKSCTONR KTASOSNSCRU TU CTMM=U HMPOGOISRNRU RU IRMSIP KTELSUPAATMTONSU,JRLCPUI9TUMSIPMMRUGOUKPIG? FTONRNPUTUESGJNSASIRNPUFPNSCP-ULRUHTMKSNR KTLLRUIRGBSPOTDUSLUIGSUSFHPMNPU/UNMRNNTOGNP IPFTUMSOCTOSTONTURUNGNNSUELSUTAATNNSUKRLL<TJT? IGBSPOT;U Q SOUPEOSUIRJPDULTUJHTJTUKTLUNMRJATMSFTONP ITKPOPURUIRMSIPUKTLL<REESGKSIRNRMSPDUIGS MTJNROPUMSJTMCRNTULTURNNSCSN=UTKUSUIPJNSUHTM LRUMTESJNMRBSPOTUTUNMRJIMSBSPOTUKTLUKTIMTNP OPOI9 UHTMULRUIROITLLRBSPOTUKTLLTUAPMFR? LSN=UHMTESGKSBSTCPLSUEMRCRONSUJGELSUSFFP>SLS RI:GSJNRNS; Q /UHPJJS>SLTDUHTMUSUHRMNTISHRONSURLLTURJNTD PNNTOTMTUFGNGSURUNRJJSUTUIPOKSBSPOSUTIP? OPFSI9TU HMTJNR>SLSNSU KRU PEOSU JSOEPLR >ROIRURKTMTONTUHMPNPIPLLPU ) 4 UHTMULR IPOITJJSPOTUKSUFGNGSURELSUREESGKSIRNRMS; L<TLTOIPUKTLLTU>ROI9TURKTMTONSURLL<SOSBSR? NSCRUHTMUSLU.MS>GORLTUKSU5RFTBSRU.TMFTU/ MTHTMS>SLTUHMTJJPULRU+ROITLLTMSR;U Q /UASJJRNPDUHTMULRUHMTJTONRBSPOTUHMTJJPULR +ROITLLTMSRU KTLL<$JTIGBSPOSU 4FFP>SLSRMS KTLLTU PAATMNTU KSU RI:GSJNPDU T(U RMN@U 328 I@H@I@DUKTLUIPFHTOKSPUSFFP>SLSRMTUJPHMR SOKSIRNPUTUFTELSPUKTJIMSNNPUOTLLRUMTLRBSPOT KTLL<TJHTMNPU SOU RNNSDU RLLRU :GRLTU JSU AR TJHMTJJPU MSI9SRFPDU :GRLTU HRMNTU SONT? EMRONTUTUJPJNROBSRLTUKTLLRUHMTJTONTURC? CSJPDU =C?6A<CD +A<@D B;;CD @?CD 2*355D 8C; 1*322315210D 9@<D ;CD 6@8B;A='D CD 4C?D A; 4?C--@D(B:CD8AD97AD:@4?B > D+A::B=B0D4C?D;)C:B6CD8C;;CD@++C?=CD8A B9 7A:=@0DBAD:C<:AD8C;;)B?=3D,!1D9343930 @..C?@D4C?D;BD/B?BD:7;;CD6C8C:A6C0D:C 4?C:C<=B=CD A<D 6A:7?BD :74C?A@?CD B8 7<B0D BAD :C<:AD 8C;;)B?=3D ,!*D 9343930 ;)78AC<-BD 8C;D 1$322315210D @?CD 3*5D C :C//3 Q ELSU SFFP>SLSU CTOEPOPU HPJNSU SOU CTOKSNR OTLLPUJNRNPUKSUARNNPUTUKSUKSMSNNPUSOUIGSUJSUNMP? CROPDU IPJ U IPFTU SKTONSASIRNSDU KTJIMSNNSU T CRLGNRNSUKRLL<TJHTMNPUOTLLRUMTLRBSPOTDUIPO PEOSUTCTONGRLTUJTMCSN URNNSCRUTUHRJJSCR SOTMTONTUTU:GPNTUIPOKPFSOSRLSUMTLRNSCT; Q LRU CTOKSNRU /U RU IPMHPU TU OPOU RU FSJGMR; TCTONGRLSU KSAATMTOBTU KSU FSJGMRU OPOU HP? NMROOPUKRMULGPEPURKURLIGOUMSJRMISFTONPD SOKTOOSN=UPUMSKGBSPOTUKTLUHMTBBP;ULRUCTO? KSNRU APMBRNRU OPOU /U JPEETNNRU RLLTU OPMFT IPOITMOTONSULRUERMROBSRUHTMUCSBSUPUFRO? IROBRUKSU:GRLSN=DUO UHPNM=UTJJTMTUMTCP? IRNRU HTMU RLIGOU FPNSCP@ +POJTEGTONTFTONTUL<TJSJNTOBRUKSUTCTO? NGRLSUCSBSDUFROIROBRUKSU:GRLSN=UPUKSAAPMFSN= KTLLRUIPJRUCTOKGNRDUPOTMSUKSU:GRLJSRJSUET? OTMTU?USCSUIPFHMTJSDURKUTJTFHSPDU:GTLLSUGM? >ROSJNSISUPCCTMPUKTMSCRONSUKRLLRUTCTONGRLT OTITJJSN=U KSU RKTEGRFTONPU KSU SFHSRONS RLLTU LTEESU CSETONSDU JHTJTU IPOKPFSOSRLS KTLL<ROOPUSOUIPMJPUTUKTLL<ROOPUHMTITKTONT OPOUHRERNTUKRLUKT>SNPMTU?UHTMU:GRLJSRJS FPNSCPUOPOUIPOJSKTMRNSDUROI9TUJTUPIIGLNS TUIPFGO:GTUOPOUTCSKTOBSRNSUSOUHTMSBSRD OPOUUHPNMROOPUKRMULGPEPURKURLIGOUMSJRMIS? FTONPDUSOKTOOSN=UPUMSKGBSPOTUKTLUHMTBBPD TJJTOKPJSUKSUIS UNTOGNPUIPONPUOTLLRUCRLG? NRBSPOTUKTSU>TOS; Q L<REESGKSIRNRMSPU KPCM=U CTMJRMTU LRU KSAAT? MTOBRUKTLUHMTBBPU,KTNMRNNRUKRLUHMTBBPUKS REESGKSIRBSPOTULRUIRGBSPOTUKSUIGSUJPHMRTONMPU GOU NTMFSOTU FRJJSFPU KSU JTJJRONR ESPMOSUKRLLRUKRNRUKSUREESGKSIRBSPOTUFT? KSRONTURJJTEOPUISMIPLRMTUOPOUNMRJATMS>SLT SONTJNRNPURU PJNTU4NRLSROTUJ@H@R@ U,:GRLPMR SLUHMPITKSFTONPUJSUAPOKSUJGUIMTKSNPUAPOKSR? MSPUTUL<REESGKSIRNRMSPUOPOUSONTOKRURCCR? LTMJSU KTLLRU ARIPLN=U KSU JG>TONMRMTU OTL IPONMRNNPDURLL<RJJTEOPUISMIPLRMTUJRM=UJP? JNSNGSNPDU T(U RMN@U "8DU IPFFRU "DU &@5EJ@U 8 JTNNTF>MTU8''%DUO@U%13DUSLUHRERFTONPUKS? MTNNPURLLRU>ROIRUIMTKSNMSITDUOTSULSFSNSUKTL IMTKSNPURBSPORNPUHTMUIRHSNRLTDUSONTMTJJSUT JHTJTUIPOUIPLLPIRBSPOTUHMSCSLTESRNRDUTONMP LPUJNTJJPUNTMFSOTUTUKTNMRNNPUGOURIIRONP? ORFTONPU HTMU JHTJTU OTLLRU FSJGMRU I9T JRM=USOKSIRNRUKRLUE@T@-;USOUFROIROBRDUJS HMPCCTKTM=U RU KSI9SRMRMTU LRU KTIRKTOBR KRLL<REESGKSIRBSPOTDURUOPMFRUKTLL<RMN@U312 I@H@I@; Q JPLNRONPURLL<TJSNPUKTELSURKTFHSFTONSUHMT? ITKTONSDU KTLLRU HMPKGBSPOTU KSU REESPMORNS ITMNSASIRNSUIRNRJNRLSUTUKSUREESPMORNSUITMNSAS?
IRNSUMTLRNSCSURLLTUSJIMSBSPOSUTUNMRJIMSBSPOSUTA? ATNNGRNTUJGLU>TOTUOPOI9 UKTLUHRERFTONP KTLLTU JHTJTU KSU NMRJATMSFTONPDU KRU TAATN? NGRMJSUIPONTJNGRLFTONTURU:GTLLPUKTLLRUKSA? ATMTOBRU KTLU HMTBBPU KSU REESGKSIRBSPOTD OTLLRU FSJGMRU KTLU 06 U KSU :GTJN<GLNSFPD JRM=UTFTJJPUSLUKTIMTNPUKSUNMRJATMSFTONPD RSUJTOJSUKTLL<RMN@U31 UI@H@I@; )*.!U)55)U 54+4.
U4*U * 4!*$U&$55)U $*&4.)# Q JGUSFHGLJPUKTLUHMPITKTONTDUJSRUHMTKSJHP? JNPUL<RCCSJPUKSUCTOKSNRDUKRUHG>>LSIRMTURL? L<RL>PUKTLL< AASISP;URUIGMRDUMSJI9SPUTUJHTJT ,MSF>PMJR>SLSUT(URMN@U0226UIPK@UISC@-UKTL FTKTJSFPUJPEETNNPDUJSRUKRNRUHG>>LSISN=# Q SOUPEOSUIRJPDUHTMUGORUJPLRUCPLNRDUKTLUHMT? JTONTURCCSJPDUJGUKSUGOU:GPNSKSROPUKSUSOAPM? FRBSPOTURUKSAAGJSPOTULPIRLTURUJITLNRUKTL IMTKSNPMTDU HG>>LSISN=U KRU TAATNNGRMJSU RL? FTOPU :GRMRONRISO:GTU ESPMOSU HMSFRU KTL NTMFSOTUHTMULRUHMTJTONRBSPOTUKTLLTUPAATMNT PUKTLLRUKRNRUKTLL7SOIRONP; Q SOUPEOSUIRJPDUHTMUGORUJPLRUCPLNRDUKTLUHMT? JTONTU RCCSJPDU JGU GORU MSCSJNRU HTMSPKSIRD HG>>LSISN=UKRUTAATNNGRMJSURLFTOPU:GRMRO? NRISO:GTUESPMOSUHMSFRUKTLUNTMFSOTUHTMULR HMTJTONRBSPOTUKTLLTUPAATMNTUPUKTLLRUKRNR KTLL7SOIRONP; Q SOUPEOSUIRJPDUHTMUGORUJPLRUCPLNRDUKTLUHMT? JTONTURCCSJPDUTUKTLLRUMTLRBSPOTUKSUJNSFR KTLL<TJHTMNPU JGU GOU JSNPU 4ONTMOTNU SOKSCS? KGRNPURSUJTOJSUKTLL<RMN@U82%UNTMUKSJH@URNN@ I@H@I@UTUKSUIGSU/UKRNRUOPNSBSRUSOU+ROITLLT? MSRDURLFTOPU:GRMRONRISO:GTUESPMOSUHMSFR KTLUNTMFSOTUHTMULRUHMTJTONRBSPOTUKTLLTUPA? ATMNTUPUKTLLRUKRNRUKTLL<SOIRONP; Q SLUIMTKSNPMTUHMPITKTONTUHG DUSOPLNMTDUKRMT HG>>LSISN=U KTLLRU HMTJTONTU PMKSOROBRDU R JGRUIGMRUTKUPCTULPUMSNTOERUPHHPMNGOP# Q RUJGTUJHTJTU,MSF>PMJR>SLSUT(URMN@U0226 IPK@UISC@-DUIPOUHG>>LSISN=UFGMRMSRDUKRUTA? ATNNGRMJSUOTSU+PFGOSUKSU5RFTBSRU.TMFTUT KSU G>SIRBSPOTU KTELSU SFFP>SLSDU RLFTOP :GRMRONRISO:GTUESPMOSUHMSFRUKTLUNTMFSOT HTMULRUHMTJTONRBSPOTUKTLLTUPAATMNTUPUKTLLR KRNRUKTLL7SOIRONP; Q RUJGTUJHTJTU,MSF>PMJR>SLSUT(URMN@U0226 IPK@UISC@-DURUGLNTMSPMSUAPMFTUKSUHG>>LSISN= KRLUFTKTJSFPUHMTJITLNTDUKRUTJTEGSMJSURL? FTOPU :GRMRONRISO:GTU ESPMOSU HMSFRU KTL NTMFSOTUHTMULRUHMTJTONRBSPOTUKTLLTUPAATMNT PUKTLLRUKRNRUKTLL7SOIRONP; Q LRUHG>>LSISN=UFGMRMSRUTUL<GLNTMSPMTUHG>>LS? ISN=UHMTJITLNRUJPOPUKSI9SRMRNTUJSOUK<PMR OPOU OTITJJRMSTU RSU ASOSU KTLL<TJHTMS>SLSN= KTLLRUCTOKSNR;U Q KTLLRUHMPCRUKTLLRUHG>>LSISN=UTLTNNMPOSIRUT RUFTBBPUJNRFHRU UKRUKTHPJSNRMJSUSOUIRO? ITLLTMSRURLFTOPUKSTISUESPMOSUHMSFRUKTLLT CTOKSNTU UJSRUARNNPUIRMSIPURLUIMTKSNPMTUHMP? ITKTONTUPUJGMMPERONT@ 5RFTBSRU.TMFTDUL U81UJTNNTF>MTU0680 %;D 7<-A@<B?A@D A78A-AB?A@
#####
Q
>
>
Q
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
FPIPFUJML@UUU Q 5RU CTOKSNRU JRM=U TAATNNGRNRU OTLU MSJHTNNP KTLLTUHMTCSJSPOSUKTELSURMNN@U862UTU861U5U@ ARLL@UTU0'8'UTUJJUIPK@UISC@DUIPOULTUFPKRLSN= I9TUJTEGPOP#UUI9SGO:GTU/URFFTJJPUR HMTJTONRMTU KPFROKRU KSU HRMNTISHRBSPOT RLLRUERMRDUJSRUHTMJPORLFTONTUJSRURUFTBBP KSU FROKRNRMSPU FGOSNPU KSU HMPIGMRU JHT? ISRLT@U LSURCCPIRNSUHPJJPOPUHRMNTISHRMT HTMUHTMJPORUKRUOPFSORMT;U Q LRUHMTJTONRBSPOTUKTLLRUKPFROKRUKSUHRM? NTISHRBSPOTU IPJNSNGSJITU RIITNNRBSPOT KTLLTUIPOKSBSPOSUIPONTOGNTUOTLUHMTJTONT RCCSJPUKSUCTOKSNR;U > ; A<9B<=@D.C??'D=C<7=@DB.B<=ADB;D97?B =@?CD4?C::@DA;D:7@D:=78A@0D:A=@DA<D9@?:@ A9@=C?BD 2, D B6C-ABD C?6CD & 0D A; /A@?<@D11"25"1521DB;;CD@?CD2$ 550D4B? =C<8@D 8B;D 4?C--@D (B:CD 8AD C7?@ 2,3555055D% DA<9;7:B D Q LRUKPIGFTONRBSPOTUMTLRNSCRURSU>TOSUHPJNS SOUCTOKSNRUJRM=UPAATMNRUSOUCSJSPOTURSUHRMNT? ISHRONSU RLLRU ERMRU HMSFRU KTLL7SOSBSPU KTLLR JNTJJRUTUELSUJNTJJSDUHRMNTISHROKPURLLRUFT? KTJSFRDUKSI9SRMROPUKSURIITNNRMLR;U Q SUHRMNTISHRONSUKROOPURNNPUI9TUSU>TOSUCTO? EPOPU CTOKGNSU OTLLRU IPOKSBSPOTU SOU IGSU JS NMPCROPUIPOUILRGJPLRU CSJNSUTUHSRISGNS77UT I9TURLLRUCTOKSNRU/URHHLSIR>SLTUSLUKSJHPJNP KTLL7RMN@U0'00UIPK@UISC@DUJTIPOKPUSLU:GRLTD OTLLRUCTOKSNRUAPMBRNRDUOPOUJSUK=ULGPEPURLLR ERMROBSRUHTMUCSBSUKTLU>TOTUCTOKGNP;U Q SOUIRJPUFROIROBRUKSUKPFROKTDUSLU>TOT JSU SONTOKTM=U RGNPFRNSIRFTONTU REESGKS? IRNPURLUJPEETNNPUI9TU9RUES=UHMTJTONRNP PAATMNRUHTMUSLUHMTBBPU>RJTUJPHMRUSOKSIRNP;U > A<D9B:@D8AD4;7?B;A='D8AD8@6B<8C0DB.?' A66C8AB=B6C<=CD ;7@/@D 7<BD /B?BD =?B /;ADA<=C?C::B=A0D9@<D@++C?=CDA<DB76C<=@ 4B?ADBDC7?@D135550550D9AB:97<B0DC<=?@ 7<D6A<7=@D8B;;BD4?C9C8C<=C D Q RLU NTMFSOTU KTLLRU ERMRDU ELSU RJJTEOSU CTM? MROOPUMTJSURSUIPOIPMMTONSUOPOUREESGKSIR? NRMSDU FTONMTU L7REESGKSIRNRMSPU KPCM= SONTEMRMTUSLUKTHPJSNPUIRGBSPORLTUFTKSRONT RJJTEOPU>ROIRMSPDUSOUFPKPUKRUMREESGO? ETMTUSLU06 UKTLUHMTBBPUPAATMNP@U57RJJTEOP CTMM=USOIRJJRNPUKRLUIGMRNPMTU,IPJ UIPFT :GTLLPUKTLLRUIRGBSPOTUSOCSRNRUHMTITKTO? NTFTONTU-UTUCTMM=UNMRNNTOGNPUKRLUARLLSFTONP RUNSNPLPUKSUHTORLTUOTLUIRJPUKSUFROIRNPUHR? ERFTONPUKTLUHMTBBPUMTJSKGPDUJRLCRULRUAR? IPLN=U KTLU IGMRNPMTU KSU MSI9STKTMTU SL MSJRMISFTONPUKSUTCTONGRLSUFREESPMSUKROOS;U Q SLUCTM>RLTUKTLLRUERMRUCTMM=UJPNNPHPJNPURL ESGKSITUKTLTERNPUSOURKTFHSFTONPUKTLUKS? JHPJNPUKTLU:GRMNPUIPFFRUKTLL7RMN@U862U5U@ ARLL@DUSOUFPKPUKRUHTMFTNNTMTUSLUKTIPMJPUKTL NTMFSOTU KSU KSTISU ESPMOSU HMTCSJNPU KRLL7RMN@ 861U 5U @U ARLL@DU TONMPU SLU :GRLTU HG U TJJTMT I9STJNRU RLU ESGKSITU KTLTERNPU LRU JPJHTO? JSPOTUKTLLRUCTOKSNRUSOUHMTJTOBRUKSUEMRCS FPNSCSU PU HTMI9 U SLU HMTBBPU /U SOATMSPMTU R :GTLLPUESGJNPDUCRLGNRNTULTUIPOKSBSPOSUKTL FTMIRNP@U &SU IPOJTEGTOBRDU L7TAASIRISR KTLLRUCTOKSNRU/UIPOKSBSPORNRURLLPUJHSMRMT KSUKTNNPUNTMFSOT;U Q SOKSHTOKTONTFTONTU KRLL7SHPNTJSU KSU JP? JHTOJSPOTU HMTCSJNRU KRLL7RMN@U 861DU CSTOT TJHMTJJRFTONTUMSIPOPJISGNRURLUIGMRNPMT LRUARIPLN=UHMTCSJNRUKRLL7RMN@U862DUKSUFPKP I9TULPUJNTJJPUHPNM=UOPOUHMPITKTMTURLLR APMFRLSBBRBSPOTU KTLLRU CTOKSNRU TKU RLLR IPOJTEORUKTSU>TOSUCTOKGNSUOTLUIRJPUI9T ELSUHTMCTOERUGO7PAATMNRUJGHTMSPMTUKTLU86 RLUHMTBBPUKSUREESGKSIRBSPOT@U.RLTUARIPLN= HPNM=UTJJTMTUTJTMISNRNRUJSOPURLUFPFTONP KTLUNMRJATMSFTONPUKTLLRUHMPHMSTN=;U Q SLUJRLKPUKTLUHMTBBPUKPCM=UTJJTMTUHRERNP RLLPUJHSMRMTUKTLUNTMFSOTUHMTCSJNPUKRLL7RMN@ 861U5U@UARLL@DUPJJSRUKSU86UESPMOSUKRLL7REESG? KSIRBSPOT@U&TIPMJPUKTNNPUNTMFSOTDUIPOKS? BSPOTDU SLU IGMRNPMTU KRM=U RCCSJPU RU FTBBP AR(URLL7REESGKSIRNRMSPDUSLU:GRLTUKPCM=UHMPC? CTKTMTURLUHRERFTONPUFTKSRONTU>POSASIP >ROIRMSPDU KRU TAATNNGRMJSU OTLU ESMPU KSU 3 ESPMOSDUJGLUIPONPUIPMMTONTUSONTJNRNPURLUARL? LSFTONP@U&TLL7PMKSOTUKSU>POSASIPUKPCM=UTJ? JTMTU SFFTKSRNRFTONTU SOCSRNRU IPHSRU RL IGMRNPMT;U Q SLUNMRJATMSFTONPUKTLLRUHMPHMSTN=DUIPOUMT? JHPOJR>SLSN=UIPOJTEGTONTDUJSUCTMSASI9TM= RU HRMNSMTU KRLLRU KRNRU KSU RIIMTKSNRFTONP KTLL7SFHPMNPUJGLUIPONPUKTLLRUHMPITKGMR;U Q SLUMSNSMPUKTSU>TOSURCCTMM=UOTLULGPEPUPCTUELS JNTJJSUJSUNMPCROPDUIPOUJFPONREESPUTUNMR? JHPMNPURUIRMSIPUKTLL7RI:GSMTONT;U Q RLL7RI:GSMTONTUCSTOTUIPOITJJPUNTMFSOTUKS KSTISUESPMOSUKRLLRUKRNRUKTLUNMRJATMSFTONP KTLLRUHMPHMSTN=UHTMUSLUMSNSMPUKTSU>TOS@U*TL IRJPUKSUMSNRMKPUOTLUMSNSMPDUCTMM=URHHLSIRNR GORUHTORLTUKSUTGMPU8@666D66UESPMORLSTMS@U 5RFTBSRU.TMFTDU8UPNNP>MTU0680 %;D97?B=@?CD%66@9@6D:?;D
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
#" #' '! # % RUGTORUJSUSORFFSKKS>S? MSN9CU OPOU JTBPOPU TKKTLTU SOATLSPLSU RMU $ D 9B= 3<B//@D-A:BD9 A:;A D Q PDOHOPCURSUKTOKSUJTMM=RLN@U) "CUIPFFRU2C I@G@I@CUNLROOTUSMUJT>SNPLTCU$URFFTKKPUR APLFHMRLTU PAATLNTU RMM=SOIRONPU GTLKPORM? FTONTCURUFTEEPUJSUFROJRNRLSPUFHOSNPUJS GLPIHLRUKGTISRMTUPUJSUGLPIHLRNPLTUMTDRMTC ROI:TURUOPLFRUJTMM=RLN@U) "CUIPFFRU C I@G@I@U'SMUGLPIHLRNPLTUMTDRMTUJPBL9CUSOUPDOS IRKPCUTKKTLTUFHOSNPUJSUFROJRNPUKGTISRMT LSKHMNRONTUJRURNNPUGH>>MSIPUPUKILSNNHLRUGLS? BRNRURHNTONSIRNRCUOPOUTKKTOJPUKHAASISTONT M=PLJSORLSPUFROJRNPURMMTUMSNS5UOTMM=SGPNTKSUJS IHSURMUISNRNPURLN@U) "CUIPFFRU CUSMUFRO? JRNPUKGTISRMTULSKHMNRONTUJRURNNPUGH>>MSIP PUKILSNNHLRUGLSBRNRURHNTONSIRNRUJPBL9UTK? KTLTUJTGPKSNRNPUIPONTKNHRMFTONTURMMRUJS? I:SRLRESPOTU JTMU OPFSORNSBPU JTMMR GTLKPORCUJRUTAATNNHRLKSUOTMUNTLFSOTUJSUIHS RMM=RLN@U)# CUIPFFRU2CUI@G@I@( Q PDOSUIPOIPLLTONTCUGTLUTKKTLTURFFTKKP RMM=SOIRONPCU JTBTU GLTKTONRLTU SKNROERU JS GRLNTISGRESPOTCUSOULTDPMRUIPOUSMU>PMMPCULT? IRONTCURUGTORUJSUSOTAASIRISRCUM SOJSIRESPOT JTMU OHFTLPU JSU L@D@T@U JTMMRU GLPITJHLRCU SM >TOTUPUSMUMPNNPUIHSUM=SKNROERUKNTKKRU$ULSAT? LSNRCUSMUGLTEEPUGLPGPKNPCUMTUGLPGLSTUDTOT? LRMSN9U'OPFTCUIPDOPFTCUMHPDPUTUJRNRUJS ORKISNRCUIPJSITUASKIRMTCULTKSJTOER JPFS? ISMSPCUKNRNPUISBSMTUTCUKTUIPOSHDRNPCULTDSFT GRNLSFPOSRMTUALRUSUIPOSHDS5USOUIRKPUJSUIP? FHOSPOTUMTDRMTUJTSU>TOSCUPIIPLLTL9USOJS? IRLTUROI:TUMTUDTOTLRMSN9UJTMUIPOSHDTUOPO PAATLTONTCURMUASOTUJSUGPNTLUNLRKATLSLTURJUTO? NLRF>SCUGLPU8HPNRCUSMU>TOTCUSOUIRKPUJSURD? DSHJSIRESPOT5U OTMM=SGPNTKSU JSU RI8HSKNPU R NSNPMPUGTLKPORMTUJRUGRLNTUJSUHOUIPOSHDTUSO LTDSFTUJSUIPFHOSPOTUJTSU>TOSCUPIIPLLT GLPJHLLTCU PMNLTU RMMRU JSI:SRLRESPOTU JS 8HTKN=HMNSFPCUT URLN@U2 "CUIPFFRU2CUMTNN@ ACUIPJ@UISB@CU8HTMMRUJTMUIPOSHDTUOPOURI8HS? LTONTUJSUIHSURMUKTIPOJPUIPFFRUJTMMRUFT? JTKSFRU JSKGPKSESPOTU OPLFRNSBR(C M=TKGLTKKRUJSI:SRLRESPOTUJSURBTLUGLTKPUBS? KSPOTUJTMMRUGTLSESRUJSUKNSFR5 Q M=SKNROERCUOTMUIRKPUJSUGLTKTONRESPOTUJR GRLNTUJSUHOUFSOPLTOOTCUJPBL9UTKKTLTUKPN? NPKILSNNRU JRSU DTOSNPLSCU GLTBSRU RHNPLSEER? ESPOTUJTMUDSHJSITUNHNTMRLTCUJRUJTGPKSNRLT SOUIPGSRUIPOAPLFT5 Q SOUIRKPUJSUSKNROERUGLTKTONRNRUIPODSHONR? FTONTUJRUGS UKPDDTNNSCUJTBTUTKKTLTUSOJS? IRNPUIPMHSUI:TUR>>SRUM=TKIMHKSBRUARIPMN9UJS APLFHMRLTUTBTONHRMSUPAATLNTUSOURHFTONP5 Q OPOUKRL9UGPKKS>SMTUNLRKATLSLTUM=SFFP>SMT RUKPDDTNNPUJSBTLKPUJRU8HTMMPUI:TUKPNNP? KILSBTUM=SKNROER5 Q RMM=SKNROERUJSUGRLNTISGRESPOTUJTBTUTKKTLT RMMTDRNRU IPGSRU JSU BRMSJPU JPIHFTONPU JS SJTONSN9UJTMUIPOIPLLTONTUTCUKTUOTITKKRLSPC BRMSJRU JPIHFTONRESPOTU IPFGLPBRONTU S GPNTLSUPUMRUMTDSNNSFRESPOTUJTMMPUKNTKKPU'RJ TK@UGLPIHLRUKGTISRMTUPUITLNSASIRNPUIRFT? LRMTUSOUIRKPUJSUKPISTN9(5 Q IPOUM=SKNROERUJSUGRLNTISGRESPOTCUJRUGLT? KTONRLKSUSOU>HKNRUI:SHKRCUKTOERUKTDOSUJS LSIPOPKISFTONPCUJTBTUTKKTLTUJTGPKSNRNP RKKTDOPUISLIPMRLTUOPOUNLRKATLS>SMTCUSONT? KNRNPURMMTU +PKNTU<NRMSROTUK@G@R@ CUNLRFSNT IHSU TAATNNHRLTU SMU BTLKRFTONPU JTMMRU IRH? ESPOTU'TJUSOUIPONPUGLTEEPUJSURDDSHJSIR? ESPOT(CU SOU LRDSPOTU JSU HOU JTISFPU JTM GLTEEPU>RKTUJ=RKNR5 Q RMM TKNTLOPUJTMMRU>HKNRUBROOPUROOPNRNSCUR IHLRUJTMUIROITMMSTLTULSITBTONTCUSMUOPFTC GLTBSRU SJTONSASIRESPOTCU JSU I:SU FRNTLSRM? FTONTUGLPBBTJTURMUJTGPKSNPCUSMUOPFTUJTM DSHJSITU JTMM TKTIHESPOTU TU MRU JRNRU JTM? M HJSTOERU ASKKRNRU GTLU MRU BTOJSNRU RMM=SO? IRONP5 Q MTU>HKNTUKRLROOPURGTLNTURMM HJSTOERUKNR? >SMSNRU GTLU M=SOIRONPU RMMRU GLTKTOERU JTDMS SKNRONSCUMRUIHSUIPFGRLSESPOTU$UOTITKKRLSR RSU ASOSU JTMM=RDDSHJSIRESPOTCU I:TU KRL9U JS?
Q
Q
Q
Q
Q Q
?
Q
Q
Q
KGPKNRU KTIPOJPU MTU GLTKILSESPOSU JTMM=RLN@ )#2UI@G@I@5UMRUFROIRNRUGRLNTISGRESPOTURM? M=SOIRONPCU GTLKPORMFTONTU PU RU FTEEPU JS GLPIHLRNPLTU KGTISRMTCU KTOERU JPIHFTO? NRNPUTUDSHKNSASIRNPUFPNSBPCUIPFGPLNTL9UM=SO? IRFTLRFTONPU JSU 2 20U JTMMRU IRHESPOTC I:TCUJSUIPONLPCUKRL9USFFTJSRNRFTONTULT? KNSNHSNRUJPGPUMRUI:SHKHLRUJTMM=SOIRONPCUPBT M=PAATLTONTCULTDPMRLFTONTUGLTKTONTCUOPO JSBTODRURDDSHJSIRNRLSP5UOTMUIRKPUJSUHOR KPMRUSKNROERUJSUGRLNTISGRESPOTCUPIIPLLTL9 IPFHO8HTURGGPLNRLTUHOULSRMEPUFSOSFPC T U RLN@U )#2CU IPFFRU &CU GTLU IPOKTDHSLT M=RDDSHJSIRESPOTUGLPBBSKPLSR5 RUOPLFRUJTMM=RLN@U)# UI@G@I@CUSOARNNSCURBBT? OHNPUM=SOIRONPCUGPKKPOPUTKKTLTUGLTKTO? NRNTU PAATLNTU JSU RI8HSKNPU TONLPU SMU NTLFSOT GTLTONPLSPUJSUJSTISUDSPLOSUJRMMRUDRLRCUFR TKKTUOPOUKPOPUTAASIRISUKTUSMUGLTEEPUPAATLNP OPOUKHGTLRUJSU2 )U8HTMMPULRDDSHONPUOTM? M=SOIRONP5UM=RDDSHJSIRESPOTCUGTLNRONPCUJS? BTLL9UJTASOSNSBRUPBTCUJTIPLKSUJSTISUDSPLOSC OPOUKSROPUKNRNTUGLTKTONRNTUPAATLNTUSOURH? FTONP5 NRMSUPAATLNTUGPNLROOPUTKKTLTUJTGPKSNRNT GLTKKPUMRU.ROITMMTLSRCUOTMMTUAPLFTUJSUIHS RMM=RLN@U) 2UI@G@I@CUGLTKNROJPUIRHESPOTUGTL HORUKPFFRUGRLSURMUJPGGSPUJTMMRUIRHESPOT BTLKRNRUGTLUMRUGRLNTISGRESPOTURMM=SOIRONP@ <OUIRKPUJSUGLTKTONRESPOTUJSUNRMSUPAATLNTC BTLL9USOJTNNRUHORUDRLRUKTIPOJPUMTUGLTBS? KSPOSUJSUIHSURMM=RLN@U)# UI@G@I@@U1TUOTKKHOP JTDMSUPAATLTONSUSOURHFTONPUGRLNTISGRURMMR DRLRU SOJTNNRU RU OPLFRU JTMM=RLN@U )# C IPFFRU CUI@G@I@CUM=RDDSHJSIRESPOTUJSBTONR JTASOSNSBRU TU BTLL9U GLPOHOISRNRU RU IRLSIP JTDMSUPAATLTONSU'KRMBPUI:TULSIPLLRUHOUJPIH? FTONRNPUTUDSHKNSASIRNPUFPNSBP(UMRUGTLJSNR JTMMRUIRHESPOTCUSMUIHSUSFGPLNPU$UNLRNNTOHNP IPFTULSOBTOSTONTURUNHNNSUDMSUTAATNNSUJRMM=TKT? IHESPOT5U SOUPDOSUIRKPCUMTUKGTKTUJTMUNLRKATLSFTONP IRJPOPURUIRLSIPUJTMM=RDDSHJSIRNRLSPCUIHS LTKNROPULSKTLBRNTUMTURNNSBSN9UTJUSUIPKNSUGTL MRULTDSKNLRESPOTUTUNLRKILSESPOTUJTMUJTILTNP OPOI: UGTLUMRUIROITMMRESPOTUJTMMTUAPLFR? MSN9UGLTDSHJSESTBPMSUDLRBRONSUKHDMSUSFFP>SMS RI8HSKNRNS5 $UGPKKS>SMTCUGTLUSUGRLNTISGRONSURMMTURKNTC PNNTOTLTUFHNHSURUNRKKSUTUIPOJSESPOSUTIP? OPFSI:TU GLTKNR>SMSNSU JRU PDOSU KSODPMR >ROIRURJTLTONTUGLPNPIPMMPU 7 < UGTLUMR IPOITKKSPOTUJSUFHNHSURDMSURDDSHJSIRNRLS5 M=TMTOIPUJTMMTU>ROI:TURJTLTONSURMM=SOSESR? NSBRUGTLUSMU6LS>HORMTUJSU3RFTESRU6TLFTU$ LTGTLS>SMTUGLTKKPUMRU.ROITMMTLSR5U $UASKKRNPCUGTLUMRUGLTKTONRESPOTUGLTKKPUMR .ROITMMTLSRUJTMMTU;KTIHESPOSU<FFP>SMSRLS JTMMTUSKNROETUJSUGRLNTISGRESPOTURMMRUBTO? JSNRURSUGH>>MSISUSOIRONSUJTMUIPFGTOJSPUSF? FP>SMSRLTU KPGLRU SOJSIRNPU TU FTDMSP JTKILSNNPU OTMMRU LTMRESPOTU JTMM=TKGTLNPU SO RNNSCURMMRU8HRMTUKSUARUTKGLTKKPULSI:SRFPC 8HRMTUGRLNTUSONTDLRONTUTUKPKNROESRMTUJTMMR GLTKTONTU PLJSOROERCU ;B<5C>BD &C>@D A==B @<BD1.844D9B=D4+810804106D7@>D=BD5@9A' =C; D BD 3B<D C=D 3<B//@D 5C>C5@D 9CD 72C :@3<A D&C::A;A6D3B<DC=D*C@<>@D4$810804106D@<B 4)8.4DBD:B**86D=AD,B>9C;ADACD32--=C7CDC>' 7A>;CD 9B=D 7@53B>9C@D C55@-C=CA<B :@3<ADC>9C7A;@6D7@>D=BD5@9A=C; DBD3B< C=D3<B//@D-A:BD9CD72CDC>>A>/C 37U*;4,<67U7**<;4;U733; U1;! ;46<U./4,< </4< DMSU SFFP>SMSU BTODPOPU GPKNSU SOU BTOJSNR OTMMPUKNRNPUJSUARNNPUTUJSUJSLSNNPUSOUIHSUKSUNLP? BROPCU IPK U IPFTU SJTONSASIRNSCU JTKILSNNSU T BRMHNRNSUJRMM=TKGTLNPUOTMMRULTMRESPOTCUIPO PDOSUTBTONHRMTUKTLBSN URNNSBRUTUGRKKSBR SOTLTONTUTU8HPNTUIPOJPFSOSRMSULTMRNSBT5 MRU BTOJSNRU $U RU IPLGPU TU OPOU RU FSKHLR5 TBTONHRMSU JSAATLTOETU JSU FSKHLRU OPOU GP? NLROOPUJRLUMHPDPURJURMIHOULSKRLISFTONPC SOJTOOSN9UPULSJHESPOTUJTMUGLTEEP5UMRUBTO? JSNRU APLERNRU OPOU $U KPDDTNNRU RMMTU OPLFT IPOITLOTONSUMRUDRLROESRUGTLUBSESUPUFRO? IROERUJSU8HRMSN9CUO UGPNL9UTKKTLTULTBP? IRNRU GTLU RMIHOU FPNSBP@ .POKTDHTONTFTONTUM=TKSKNTOERUJSUTBTO? NHRMSUBSESCUFROIROERUJSU8HRMSN9UPUJSAAPLFSN9 JTMMRUIPKRUBTOJHNRCUPOTLSUJSU8HRMKSRKSUDT? OTLTU?USBSUIPFGLTKSCURJUTKTFGSPCU8HTMMSUHL? >ROSKNSISUPBBTLPUJTLSBRONSUJRMMRUTBTONHRMT OTITKKSN9U JSU RJTDHRFTONPU JSU SFGSRONS RMMTU MTDDSU BSDTONSCU KGTKTU IPOJPFSOSRMS JTMM=ROOPUSOUIPLKPUTUJTMM=ROOPUGLTITJTONT OPOUGRDRNTUJRMUJT>SNPLTU?UGTLU8HRMKSRKS FPNSBPUOPOUIPOKSJTLRNSCUROI:TUKTUPIIHMNS TUIPFHO8HTUOPOUTBSJTOESRNSUSOUGTLSESRC OPOUUGPNLROOPUJRLUMHPDPURJURMIHOULSKRLIS? FTONPCUSOJTOOSN9UPULSJHESPOTUJTMUGLTEEPC TKKTOJPKSUJSUIS UNTOHNPUIPONPUOTMMRUBRMH? NRESPOTUJTSU>TOS5 M=RDDSHJSIRNRLSPU JPBL9U BTLKRLTU MRU JSAAT?
LTOERUJTMUGLTEEPU'JTNLRNNRUJRMUGLTEEPUJS RDDSHJSIRESPOTUMRUIRHESPOTUJSUIHSUKPGLR( TONLPU HOU NTLFSOTU FRKKSFPU JSU KTKKRONR DSPLOSUJRMMRUJRNRUJSURDDSHJSIRESPOTUFT? JSRONTURKKTDOPUISLIPMRLTUOPOUNLRKATLS>SMT SONTKNRNPURU +PKNTU<NRMSROTUK@G@R@ U'8HRMPLR SMUGLPITJSFTONPUKSUAPOJSUKHUILTJSNPUAPOJSR? LSPUTUM=RDDSHJSIRNRLSPUOPOUSONTOJRURBBR? MTLKSU JTMMRU ARIPMN9U JSU KH>TONLRLTU OTM IPONLRNNPCURMM=RKKTDOPUISLIPMRLTUKRL9UKP? KNSNHSNPCU T U RLN@U 2CU IPFFRU CU ,@3DK@U 2 KTNNTF>LTU2"" CUO@U #)CUSMUGRDRFTONPUJS? LTNNPURMMRU>ROIRUILTJSNLSITCUOTSUMSFSNSUJTM ILTJSNPURESPORNPUGTLUIRGSNRMTCUSONTLTKKSUT KGTKTUIPOUIPMMPIRESPOTUGLSBSMTDSRNRCUTONLP MPUKNTKKPUNTLFSOTUTUJTNLRNNPUHOURIIRONP? ORFTONPU GTLU KGTKTU OTMMRU FSKHLRU I:T KRL9USOJSIRNRUJRMUD@T@(5USOUFROIROERCUKS GLPBBTJTL9U RU JSI:SRLRLTU MRU JTIRJTOER JRMM=RDDSHJSIRESPOTCURUOPLFRUJTMM=RLN@U)# I@G@I@5 Q KPMNRONPURMM=TKSNPUJTDMSURJTFGSFTONSUGLT? ITJTONSCU JTMMRU GLPJHESPOTU JSU RDDSPLORNS ITLNSASIRNSUIRNRKNRMSUTUJSURDDSPLORNSUITLNSAS? IRNSULTMRNSBSURMMTUSKILSESPOSUTUNLRKILSESPOSUTA? ATNNHRNTUKHMU>TOTUOPOI: UJTMUGRDRFTONP JTMMTU KGTKTU JSU NLRKATLSFTONPCU JRU TAATN? NHRLKSUIPONTKNHRMFTONTURU8HTMMPUJTMMRUJSA? ATLTOERU JTMU GLTEEPU JSU RDDSHJSIRESPOTC OTMMRU FSKHLRU JTMU &0 U JSU 8HTKN=HMNSFPC KRL9UTFTKKPUSMUJTILTNPUJSUNLRKATLSFTONPC RSUKTOKSUJTMM=RLN@U)# UI@G@I@5 3RFTESRU6TLFTCUM U&&@0 @&02& =D&2>/C@>A<C@D*C29C/CA<C@ # %"! ' " % 7**<1/U,<U*;4,<67 8D 0#044)D B*8D :8D 558 <3U+-/ ;11</4<167U,;3;!76/U & $ &' & & ' $ $' $ +LTKKPU 711/.<7 </4;U4/67-<3;U +-/.;, -;UU;1;. 6<*;U,<U37%; <7 6;-%;U +SREERUJTMMRU-TGH>>MSIRU U3RFTESRU6TLFT OTMMRUU+LPITJHLRU;KTIHNSBRU4@ & &00"U-@;@ *SKNPUSMUGLPBBTJSFTONPUJSUJTMTDRURMMRUBTOJSNR TFTKKPUJRMU!SHJSITUJTMM=;KTIHESPOTUJTMU6LS>H? ORMTUJSU3RFTESRU6TLFTUSOUJRNRU# 20 &020UURS KTOKSU JTMM=RLN@U )"2U >SKU I@G@I@U RU KTDHSNPU JS SKNROERUJSUBTOJSNRUAPLFHMRNRUJRMU.LTJSNPLTU+LP? ITJTONTU +<6;-U 711;6U %747!;%;46 1@-@3@ U'DS9U *;167U <474.;U1@-@3@ (5 .POKNRNRNPUI:TU UOPOPKNRONTUKSROPUROJRNSUJT? KTLNSUSUGLTITJTONSUTKGTLSFTONSUJSUBTOJSNRU UOPO RGGRLTU PGGPLNHOPU LSJHLLTU HMNTLSPLFTONTU SM GLTEEPU>RKT5 *SKNPUM=RLN@U) "UI@G@I@5 7**<17 I:TU U SOU JRNRU 00D >@,B5-<BD 0410D A==BD @<B 146446 +RMREEPUJSU!SHKNSESRUJSU3RFTESRU6TLFTC +SREERUJTMMRU-TGH>>MSIRCUGSROPUGLSFPUKTFSO? NTLLRNPCUGLTKKPUSUMPIRMSUJTMM=7KKPISRESPOTU4PNR? LSMTCU KSU NTLLRU MRU BTOJSNRU IPOU SOIRONPU JTM KTDHTONTUSFFP>SMT & &' & ' >D;B<<C;@<C@D9B=D!@52>BD9C A5B/CAD B<5B6D:B/C@>BD C7A:;<@6DA==A ,CAD9BCD =C7C>CD7C,C7@D>8.. D=@7A=BDA9C' -C;@DA9D2:@D2&&C7C@D7@>DA>>B::CD:B<,C/C C*CB>C7C6D9CD7@53=B::C,CD>"8(+.6D:2D92B =C,B==C6D@,,B<@D3CA>@D;B<<AD9CD5"8+( DB 3CA>@D:B5C>;B<<A;@D9CD5"81 (6D7@>DA>' >B::AD A<BAD B:;B<>AD 9CD 5"8 %%6D 9BC "2A=CD5"8(.$D<B7C>;A;CD7@>D52<B;;CD3B' <C5B;<A=CDBD7A>7B==CD7A<<A-C=C6DBD5"81$.6 A9C-C;CD A=D ;<A>:C;@D 3B9@>A=BD 5A<7CA' 3CB9C 8 2>C; DC55@-C=CA<BD:@3<AD9B:7<C;;AD <C3@<;A;AD >B=D !A;A:;@D A--<C7A;CD 9B= !@52>BD 9CD A5B/CAD B<5B6D :B/C@>B C7A:;<@6D7@>D=BD:B*2B>;CDC>9C7A/C@>C &@*=C@D 9CD 5A33AD .+6D 3A<;C7B==A .+(#:2-80)6D,CAD9BCD =C7C>CD>8..6D3CA>@ 1' 86D /781 6D 7A;8 #146D 7=8D 86D ,A>CD 0$6 <B>9C;ADB2<@D.8% .6+.8 AD>@5C>A;AD3A<;C7B==AD.+(#:2-80)D9B' <C,ADD 3B<D&2:C@>BDBD9C,B<:AD9C:;<C-2' /C@>BD 9B*=CD :3A/CD C>;B<>C D 9A==B 3A<;C7B==BD .+(#:2-80(6D .+(#:2-80 D B .+(#:2-80%8 =D9B:7<C;;@DC55@-C=BD D:;A;@DB9C&C7A;@ 7@>DC>D-A:BDA==AD!@>7B::C@>BD 9C=C/CA >81))4D<C=A:7CA;AD9A=D C>9A7@D9B=D!@' 52>BD 9CD A5B/CAD B<5BD C>D 9A;A .18%81)%)8 &' $ ' $ $ ' B2<@D +4181%)64( 'THLPU8HRNNLPITONPHOPFSMR?ITONPPNNRONROPBT BSLDPMRUETLPUKTS( $ & D+4811%6)4 'THLPU8HRLRONRFSMR? ITONPJSISPNNPUBSLDPMRUOPBRONR( $ &' &' D0484$)6+$ 'THLPUBTONS? FSMRETLPISO8HRONROPBTU BSLDPMRU 8HRLRONRISO?
8HT( Q 3=SFFP>SMTUBSTOTUGPKNPUSOUBTOJSNRUOTMMP KNRNPU JSU ARNNPU TU JSU JSLSNNPU SOU IHSU KSU NLPBRC KTOERURMIHORUDRLROESRUGTLUTBSESPOTCUFP? MTKNSTUTUGLTNTKTUJSUTBTONHRMSUIPOJHNNPLS5 IPOU DMSU RIITKKPLSCU JSGTOJTOETCU GTLNS? OTOETCUKTLBSN URNNSBTUTUGRKKSBTUTKSKNTONS TUJSLSNNSUGLPGPLESPORMSUKHMMTUGRLNSUJTMM=TJSAS? ISPUI:TUJTBPOPULSNTOTLKSUIPFHOSURUOPLFR JSUMTDDTU'TBTONHRMTULTDPMRFTONPUJSUIPO? JPFSOSP(@ Q <MU>TOTUJSUIHSUKPGLRU$UFTDMSPUJTKILSNNP OTMMRULTMRESPOTUJSUKNSFRU UJTGPKSNRNPURDMS RNNSUJTMMRUGLPITJHLRU?URUASLFRUJTMM=TKGTLNP RLI:@U7OORU%RLSRU1IRBTMMSCUI:TUGH UTK? KTLTU IPOKHMNRNRU JRMM=PAATLTONTU 'TJU RMMR 8HRMTU KSU ARU TKGLTKKPU LSOBSPU ROI:TU GTL NHNNPU IS U I:TU IPOITLOTU M=TKSKNTOERU JS TBTONHRMSUPOTLSUTUGTKSURU8HRMKSRKSUNSNPMP DLRBRONSU KHSU >TOS(U KHMU KSNPU SONTLOTN @RKNT@THDTOSHK@SNU TU KHU <MU ,PFROS ';JSESPOTU-TDSPORMT(@ Q ;=UGPKKS>SMTUI:STJTLTUHOUASOROESRFTONP GRLSURMU 0 #0 UJTMUGLTEEPU>RKTURDMSU<KNS? NHNSUJSUILTJSNPUI:TU:ROOPURJTLSNPURMM=SONTKR IPOUSMU6LS>HORMTUJSU3RFTESRU6TLFTCUPKKSR ROIRU.RLSFTCU1ROU+RPMPU<%<? ROIPUJS 4RGPMSCU ROIRU +PGPMRLTU JSU .LPNPOTC %PONTUJTSU+RKI:SUJSU1STORCU ROIRUJSU.R? NROERLPCURUIHSUGPNLROOPULSBPMDTLKSUJSLTNNR? FTONT@U Q <UFHNHSUKRLROOPUDRLRONSNSUJRUSGPNTIRUJR SKILSBTLTUKHMMPUKNTKKPUSFFP>SMTUGPKNPUSO BTOJSNR@U Q %RDDSPLSUSOAPLFRESPOSUGPNLROOPUTKKTLT I:STKNTURMMTU>ROI:TUSONTLTKKRNT@ Q 1TUM=PAATLTONTUOPOUJSBSTOTURDDSHJSIRNR? LSPCU MRU IRHESPOTU BTLL9U SFFTJSRNRFTONT LTKNSNHSNRU JPGPU MRU I:SHKHLRU JTMMRU DRLRC KRMBPUI:TUMPUKNTKKPUOPOUR>>SRUPFTKKPUJS GRLNTISGRLTU RMMRU FTJTKSFRCU GTLKPORM? FTONTU PU RU FTEEPU JSU GLPIHLRNPLTU KGT? ISRMTCUKTOERUJPIHFTONRNPUTUDSHKNSASIRNP FPNSBP USOUNRMTUIRKPUMRUIRHESPOTU$ULTKNS? NHSNRUKPMPUOTMMRUFSKHLRUJTSU" 20U'OPBTUJT? ISFS(U U JTMM=SONTLPU TU MRU LTKNRONTU GRLNTU $ NLRNNTOHNRU IPFTU KPFFRU LSOBTOSTONTU R NHNNSUDMSUTAATNNSUJRMM=TKTIHESPOT@U Q <OU IRKPU JSU JH>>SU KHMMRU KHKKSKNTOERU JTS FPNSBSUDSHKNSASIRNSUGTLUMRUFROIRNRUGRLNTIS? GRESPOTURMMRUDRLRCUM=PAATLTONTUKSULSBPMDTL9 RMU!SHJSITCUI:TUJSKGPLL9USOUFTLSNPURMMRULT? KNSNHESPOTUJTMM=SONTLRUIRHESPOTUPULTKGSO? DTL9UMRULTMRNSBRUJPFROJR@ Q 7UOPLFRUJTMM=RLN@U U,+-U0 0 &002UO@ #0UM=RDDSHJSIRNRLSPCU8HRMPLRUM=SFFP>SMT KSUNLPBSUOTMMTUIPOJSESPOSUGLTBSKNTUGTLUSMULS? MRKISPUJTMUGTLFTKKPUJSUIPKNLHSLTUSOUKROR? NPLSRCU JPBL9U GLTKTONRLTU RU GLPGLST TKIMHKSBTUKGTKTUJPFROJRUJSUGTLFTKKP SOUKRORNPLSRCUTONLPU2&0UDSPLOSUJRMMRUOPNS? ASIRUJTMUJTILTNPUJSUNLRKATLSFTONP@ Q 1POPURUIRLSIPUJTMM=RDDSHJSIRNRLSPUNHNNTUMT KGTKTUGTLUSMUNLRKATLSFTONPUJTDMSUSFFP>SMS OPOI: U8HTMMTULTMRNSBTURMMRUIROITMMRESPOT JTMMRUNLRKILSESPOTUJTMUGSDOPLRFTONPUTUJS NHNNTUMTUAPLFRMSN9UIPOUSULTMRNSBSUIPFGTOKS KGTNNRONSURMUGLPATKKSPOSKNRUJTMTDRNPUGTLUMT PGTLRESPOSUKHIITKKSBTURMMRUBTOJSNRCUIPFT MS8HSJRNSUJRMU!@;@@ Q .HKNPJTUDSHJSESRLSPUJTSUGTOSUKPNNPGPKNSUR BTOJSNRU$USMULRD@U;HDTOSPU6LRBRDMSPUIPO KNHJSPUSOU3RFTESRU6TLFTCURMMRUBSRU.LRNS O@ U'NTM@0" # &&2 (CUIHSUNHNNSUDMSUSONTLTK? KRNSUGPNLROOPULSBPMDTLKSUGTLUBSKSNRLTUSU>TOS@ Q 3RU GH>>MSISN9CU MTU FPJRMSN9U JSU GLTKTONR? ESPOTUJTMMTUJPFROJTUTUMTUIPOJSESPOSUJTMMR BTOJSNRUKPOPULTDPMRNTUJRMMTU .POJSESPOS DTOTLRMSUSOUFRNTLSRUJSUBTOJSNTUSFFP>SMSRLS JTMTDRNT URMMTDRNTURMUGLTKTONTURBBSKP@ Q <MUGLTKTONTU RBBSKPUJSUBTOJSNR USOUTKNLRNNP KRL9URAASKKPUGLTKKPUM=7M>PUJTMM= AASISPU!SH? JSESRLSPUJTMU6LS>HORMTUJSU3RFTESRU6TLFT@ 3RFTESRU6TLFTCUM U2UPNNP>LTU&02&UUU C=D3<@&B::C@>C:;AD9B=B*A;@D % %"' ! !' #""# !' % ! % ./4,< </4<U!;4;-73<U<4U%76;-<7 U,<U*;4,<6;U<%%/ <3<7-<U,;3;!76; Q 3TUPAATLNTUJSURI8HSKNPUJPBLROOPUTKKTLT GLTKTONRNTU SOU >HKNRU I:SHKRU IPONTOTONT JPFROJRUJSUGRLNTISGRESPOTUSOUIRLNRUMT? DRMTCUB>;<@D=BD@<BD10644D9B=D*C@<>@D1) >@,B5-<BD04108 Q 1HMMRU>HKNRUJPBLROOPUTKKTLTUSOJSIRNTUMT KPMTUDTOTLRMSN9UJSUI:SUGLTKTONRUM=PAATLNRC I:TUGH UROI:TUTKKTLTUGTLKPORUJSBTLKR JRMM=PAATLTONTCU SMU OPFTU JTMU DSHJSITU JTM? M=TKTIHESPOTCUSMUOPFTUJTMUGLPATKKSPOSKNR JTMTDRNPCU MRU JRNRU JTMMRU BTOJSNRU TU SMU OH? FTLPUJTMMRUGLPITJHLR@U Q 4TKKHORURMNLRUSOJSIRESPOTU UO USMU>TOT GTLUIHSU$UKNRNRUARNNRUM=PAATLNRUPURMNLPU UJTBT TKKTLTURGGPKNRUKHMMRU>HKNR@ Q <MU NTLFSOTU JSU BTLKRFTONPU JTMU KRMJP GLTEEPCUOPOI: UJTDMSUHMNTLSPLSUPOTLSCUJSLSNNS
P P
P P
P
P
P P
P P
P P
P P
P P
P P P P
P
P
P
STJFSJSTHOMJSCGSMNRTQKKQTDSMIRNQT(TIRT!6 CROLMRTIQKK=QCCRGIRHQBROMSTISARMRNRDQ@ 5=OAASLNQTIODL9THOMNSMSLS T >T:KTHOCMOES?TMOES?TKGOCOTSTIQNQTIRTMQ> JHRNQ?THOIRHSTARJHQKS?TIOERHRKRO?TJNQNOTHR> DRKS?TLSHQFRNOTNSKSAOMRHOTISKTJOCCSNNOTHGR QMIL9TRMNSJNQNOTK=REEO<RKS?TRKT;GQKSTIODL9 QMH8ST FLSJSMNQLJRT QKKQT GIRSMBQT ARJJQNQ FSLTKQTDSMIRNQ@ -OMTJQL9TFOJJR<RKSTRMNSJNQLSTK=REEO<RKS QTJOCCSNNOTIRDSLJOTIQT;GSKKOTH8STJONNO> JHLRDSTK=OAASLNQ@ 2STK=OAASLSMNST(THOMRGCQNOTSTRMTLSCRESTIR HOEGMROMSTKSCQKSTISRT<SMR?TIODLQMMOTSJ> JSLSTRMIRHQNRTQMH8STRTHOLLRJFOMISMNRTIQNR ISKTHOMRGCS@T -SKK=RFONSJRTIRTQH;GRJNOTQTNRNOKOTFSLJOMQKS IQTFQLNSTIRTGMTHOMRGCSTRMTLSCRESTIRTHO> EGMROMSTISRT<SMR?TOHHOLLSTFLOIGLLS?TOKNLS QKKQT IRH8RQLQBROMST IRT ;GSJN=GKNREO?T S QLN@, '?THO@T, ?TKSNN@TA?THOIRHSTHRDRKS?T;GSKKQ ISKTHOMRGCSTMOMTQH;GRLSMNSTIRTHGRTQKT+ HO@TISKKQTESISJREQTIRJFOJRBROMSTMOLEQ> NRDQ@ :MTHQJOTIRTIRH8RQLQBROMSTFLSJSMNQNQTHOM> CRGMNQESMNST IQT FR T JOCCSNNR?T ISDST SJ> JSLSTRMIRHQNOTHOKGRTH8STQ<<RQTK=SJHKGJRDQ AQHOKN9TIRTAOLEGKQLSTSDSMNGQKRTOAASLNSTRM QGESMNO@ 2ST K=OAASLSMNST (T ERMOLSMMS?T K=OAASLNQ IODL9TSJJSLSTJONNOJHLRNNQTIQRTCSMRNOLRTFLS> DRQTQGNOLRBBQBROMSTISKT/RGIRHST4GNSKQLS@ 2STK=OAASLSMNSTQCRJHST;GQKSTKSCQKSTLQF> FLSJSMNQMNSTIRTQKNLOTJOCCSNNO?TIODL9TSJ> JSLSTQKKSCQNOTHSLNRARHQNOTISKTLSCRJNLOTISKKS REFLSJSTIQTHGRTLRJGKNRMOTRTFONSLRTODDSLOTKQ FLOHGLQTOTK=QNNOTIRTMOERMQTH8STCRGJNRARH8R RTFONSLR@T >T:TIQNRTRISMNRARHQNRDRTISKT<SMSTFSLTRKT;GQKS K=OAASLNQT(TFLOFOJNQ@T >T 5=RMIRHQBROMST ISKT FLSBBOT OAASLNO?T H8S MOMTFONL9TSJJSLSTRMASLROLSTQKTFLSBBOTER> MREOT RMIRHQNOT MSKK=QDDRJOT IRT DSMIRNQ?T Q FSMQTIRTSJHKGJROMS@ >T5=SJFLSJJQTIRH8RQLQBROMSTIRTQDSLTFLSJO DRJROMSTISKKQTFSLRBRQTIRTJNREQ@ 3KK=OAASLNQTIODL9TSJJSLSTQKKSCQNQTGMQTAO> NOHOFRQTISKTIOHGESMNOTIRTRISMNRN9TISKK=OA> ASLSMNS?T MOMH8 T GMT QJJSCMOT HRLHOKQLS MOMTNLQJASLR<RKSTRMNSJNQNOTQT MONQROT/RQM> KGHQT *SLLSKKQT FLOHSIGLQT SJSHGNRDQ M@ +$6'T0@7@ ?TFSLTGMTREFOLNOTFQLRTQKT,6 FSLTHSMNOTISKTFLSBBOTOAASLNO?TQTNRNOKOTIR HQGBROMS?TH8STJQL9TNLQNNSMGNQTRMTHQJOTIR LRARGNOTISKK=QH;GRJNO@ -SJJGMQTJOEEQTJQL9TLRH8RSJNQ?TRMT;GS> JNQTAQJST;GQKSTAOMIOTJFSJS@ 5=OAASLSMNST (T NSMGNOT QT FLSJSMNQLJRT QK> K=GIRSMBQTJOFLQTRMIRHQNQTIRTFSLJOMQ?TOTQ ESBBOTIRTEQMIQNQLROTEGMRNOTIRTFLOHGLQ JFSHRQKST LRJGKNQMNST IQT QNNOT FG<<KRHOT O JHLRNNGLQT FLRDQNQT QGNSMNRHQNQT H8ST IODL9 SJJSLSTISFOJRNQNQTHOMNSJNGQKESMNSTQKKQ IRH8RQLQBROMSTISKTMOERMQNRDOTISKKQTFSL> JOMQ?T IQT SAASNNGQLJRT MSKT NSLERMST IRT HGR QKK=QLN@%" @THO@, ?TH@F@H@@ :TFLOHGLQNOLRTKSCQKRTFOJJOMOTAQLSTOAASLNS FSLTFSLJOMQTIQTMOERMQLS@ :MTHQJOTIRTQCCRGIRHQBROMS?TK=OAASLSMNST( NSMGNOTQKTDSLJQESMNOTISKTJQKIOTFLSBBOTS ISCKRTOMSLR?TIRLRNNRTSTJFSJSTIRTDSMIRNQTMSK NSLERMST RMIRHQNOT RMT OAASLNQ?T ODDSLO?T RM EQMHQMBQ?TSMNLOT!6TCROLMRTIQKK=QCCRGIR> HQBROMSTISARMRNRDQTESIRQMNSTIGSTIRJNRMNR QJJSCMRTHRLHOKQLRTMOMTNLQJASLR<RKRTRMNSJNQNR QT MONQROT /RQMKGHQT *SLLSKKQT FLOHSIGLQ SJSHGNRDQT +$6'T0@7@ ?TGMOT;GQKSTIRAAS> LSMBQT FLSBBOT IRT QCCRGIRHQBROMST ST GMO FQLRTQKTDSMNRTFSLTHSMNOTISKTFLSBBOTJNSJJO ;GQKSTFLSJGER<RKSTREFOLNOTFSLTJFSJS@T :MTHQJOTIRTRMQISEFRESMNO?TK=QCCRGIRHQ> BROMST JQL9T LSDOHQNQT ST K=QCCRGIRHQNQLRO FSLISL9TNGNNSTKSTJOEESTDSLJQNS@T :MTHQJOTIRTFR TOAASLNSTDQKRIS?TJRTFLOHSISL9 QTCQLQTJGKKQT<QJSTISKKQTOAASLNQTFR TQKNQ@T :KT<SMSTDSLL9TFLODDRJOLRQESMNSTQCCRGIR> HQNOTQTH8RTQDL9TSAASNNGQNOTRKTLRKQMHROTFR QKNO@T 5QTDSMIRNQTQDDRSMSTMSKKOTJNQNOTIRTAQNNOTS IRTIRLRNNOTRMTHGRTRT<SMRTJRTNLODQMO?THOMTNGNNS KSTSDSMNGQKRTFSLNRMSMBS?TQHHSJJROMR?TLQ> CROMRTSITQBROMR?TJSLDRN TQNNRDSTSTFQJJRDS@T 5QT DSMIRNQT (T QT HOLFOT ST MOMT QT ERJGLQ? SDSMNGQKRT IRAASLSMBST IRT ERJGLQT MOMT FO> NLQMMOTIQLTKGOCOTQITQKHGMTLRJQLHRESMNO? RMISMMRN9TOTLRIGBROMSTISKTFLSBBO@T 5QTDSMIRNQTAOLBQNQTMOMT(TJOCCSNNQTQKKS MOLESTHOMHSLMSMNRTKQTCQLQMBRQTFSLTDRBRTO EQMHQMBQTIRT;GQKRN9?TM TFONL9TSJJSLSTLS> DOHQNQTFSLTQKHGMTEONRDO@T &OMJSCGSMNSESMNSTK=SJRJNSMBQTIRTSDSM> NGQKRTDRBR?TEQMHQMBQTIRT;GQKRN9TOTIRAAOLERN9 ISKKQTHOJQTDSMIGNQ?TOMSLRTIRT;GQKJRQJRTCS> MSLST TRDRTHOEFLSJR?TQITSJSEFRO?T;GSKKR GL<QMRJNRHRTODDSLOTISLRDQMNRTIQKKQTSDSM>
P
P P P P
P
P P
P
P
P
NGQKST MSHSJJRN9T IRT QISCGQESMNOT IRT RE> FRQMNRTQKKSTKSCCRTDRCSMNR?TJFSJSTHOMIOER> MRQKRT ISKK=QMMOT RMT HOLJOT ST ISKK=QMMO FLSHSISMNST MOMT FQCQNST IQKT IS<RNOLST FSLT ;GQKJRQJRT EONRDOT MOMT HOMJRISLQNR? QMH8ST JST OHHGKNRT ST HOEGM;GST MOMT SDR> ISMBRQNRT RMT FSLRBRQ?T MOMT FONLQMMOT IQL KGOCOTQITQKHGMTLRJQLHRESMNO?TRMISMMRN9TO LRIGBROMSTISKTFLSBBO?TSJJSMIOJRTIRTHR TNS> MGNOTHOMNOTMSKKQTDQKGNQBROMSTISRT<SMR@T 5=REEO<RKSTDRSMSTDSMIGNOTKR<SLOTIQTRJHLR> BROMRTRFONSHQLRSTSTIQTNLQJHLRBROMRTIRTFRCMO> LQESMNR@T 3KT EOESMNOT ISKKQT DSMIRNQ?T R CLQDQERTSTJQLQMMOTHQMHSKKQNSTQTJFSJSTS HGLQTISKK=QCCRGIRHQNQLRO@ 2STK=REEO<RKST(TOHHGFQNOTIQKTIS<RNOLSTO IQTNSLBRTJSMBQTNRNOKO?TKQTKR<SLQBROMSTTJQL9 SAASNNGQNQTQTHGLQTISKT&GJNOIST/RGIRBRQLRO@ )CMRTOMSLSTARJHQKSTISLRDQMNSTIQKKQTDSM> IRNQTJQL9TQTHQLRHOTISKK=QCCRGIRHQNQLRO@ *SLTNGNNOT;GQMNOT;GRTMOMTFLSDRJNOTJRTQF> FKRHQMOTKSTDRCSMNRTMOLESTIRTKSCCS@ GQMNOTQKKQTDSMIRNQTHOMTRMHQMNO?TASLES KSTIRJFOJRBROMRTJOFLQTRMIRHQNS?TJSTHOEFQ> NR<RKR?T DQKCOMOT KST MOLEST IRT HGRT QCKRT QLNN@ % !?T%"6?T%" TST%"%TH@F@H@@ /KRTOAASLSMNRTIODLQMMOTIRH8RQLQLSTKQTFLO> FLRQTLSJRISMBQTMSKT&RLHOMIQLROTISKT4LR<G> MQKST IRT 5QESBRQT 4SLEST OT SKSCCSLS IOERHRKROTRMT5QESBRQT4SLES@ )AASLNSTRMTQGESMNOTIRTGMT;GRMNO 3T MOLEQT ISKK=QLN@T %" T H@F@H@?T QDDSMGNO K=RMHQMNO?TFOJJOMOTQMHOLQTSJJSLSTAQNNSTOA> ASLNSTIRTQH;GRJNOTSMNLOTRKTNSLERMSTFSLSMNO> LROTIRT,6TCROLMRTIQKKQTCQLQ?TEQTSJJSTMOM JOMOTSAARHQHRTJSTRKTFLSBBOTOAASLNOTMOMTJG> FSLQTIRT,$%T.GMT;GRMNO1T;GSKKOTLQCCRGMNO MSKK=RMHQMNO@ *SLNQMNOTK=QCCRGIRHQBROMSTIRDSLL9TISARMR> NRDQTISHOLJRT,6TCROLMRTJSMBQTOAASLNSTRMTQG> ESMNO@T #RDSMGNQT ISARMRNRDQ K=QCCRGIRHQBROMST IODL9T SJJSLST DSLJQNQ MSRT JSJJQMNQT CROLMRT JGHHSJJRDRT KQT IRAAS> LSMBQTISKTFLSBBOTIRTQCCRGIRHQBROMSTES> IRQMNSTQJJSCMOTHRLHOKQLSTMOMTNLQJASLR<RKS RMNSJNQNOTQT MONQROT/RQMKGHQT*SLLSKKQTFLO> HSIGLQTSJSHGNRDQT +$+66'T0@7@ TMOMH8 RKTDSMNRTFSLTHSMNOTISKTFLSBBOTIRTQCCRGIRHQ> BROMSTJSEFLSTESIRQMNSTQJJSCMOTHRLHO> KQLST MOMT NLQJASLR<RKST RMNSJNQNOT QT MONQRO /RQMKGHQT *SLLSKKQT FLOHSIGLQT SJSHGNRDQ +$+66'T0@7@ T;GQKSTFLSJGER<RKSTREFOLNO FSLTJFSJS@ 4QKRTOAASLNSTFONLQMMOTSJJSLSTISFOJRNQNS FLSJJOT K=RMIRLRBBOT JOFLQT RMIRHQNO?T MSKKS AOLESTIRTHGRTQKK=QLN@T% ,TH@F@H@?TFLSJNQMIO HQGBROMSTFSLTGMQTJOEEQTFQLRTQKTIOFFRO ISKKQTHQGBROMSTDSLJQNQTFSLTKQTFQLNSHRFQ> BROMST QKK=RMHQMNO@T :MT HQJOT IRT FLSJSMNQ> BROMST IRT NQKRT OAASLNS?T DSLL9T RMISNNQT GMQ CQLQTJSHOMIOTKSTFLSDRJROMRTIRTHGRTQKK=QLN@ %" TH@F@H@@ 2STMSJJGMOTISCKRTOAASLSMNRTRMTQGESMNO FQLNSHRFQTQKKQTCQLQTRMISNNQTQTMOLEQTISK> K=QLN@T%" ?THOEEQT ?TH@F@H@?TK=QCCRGIRHQ> BROMST IRDSMNQT ISARMRNRDQT ST DSLL9 FLOMGMHRQNQTQTHQLRHOTISCKRTOAASLSMNRT.JQKDO H8STLRHOLLQTGMTIOHGESMNQNOTSTCRGJNRARHQNO EONRDO1TTKQTFSLIRNQTISKKQTHQGBROMS?TRKTHGR REFOLNOT(TNLQNNSMGNOTHOESTLRMDSMRSMNSTQ NGNNRTCKRTSAASNNRTIQKK=SJSHGBROMS@T)CMRTIO> EQMIQT IRT LSJNRNGBROMST ISKKQT HQGBROMS IODL9TSJJSLSTRMIRLRBBQNQTIQCKRTOAASLSMNRTQK /RGIRHSTISKK=7JSHGBROMS@T
3 :2)T#:T 7-#:43
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
FLOFLRSN9TISRTJSCGSMNRT<SMRTREEO<RKR # #" " 71:39;:3;-8:47;6955:; :19469 -:569;/93; :,,581:67;-7267;493;(70&49 /8; :09)8:; 9509.; 29)8749; 81:2657 (:6:4):57 ;(7465:/:; :*:48;241.;:/8 ,867;:;3:,75:67587;:568*8:4:39 58-756:67; 493; (:6:267; :,,581:68; /93 09/92807;(70&49;:3; 7*387;/8;0:--: 4+;!$.;-:5681933:;#$ 2&,+;!.;(7465:/: :*:48;241+; + +.;)74:;1942&:58:;'.;1: 69*758:;( !.;13:229;!.;174282694):;0 + %".;594/86:;1:6:26:39; ; #. '+ 337;269227;09/92807;371:39; ; :**59 *:6: ;3:;17569;:/8,86:;:; -8:)):39 *8:5 /847 ;/8;0 +' .# ;:/8:19469;:33 846957 :,,581:67+ ! #" ! ; + $#.'%;.SGLOTONNOERKQJSR> HSMNOMODQMNQHRM;GSTDRLCOKQTIOIRHR1 # ! " ; $.#' .SGLOTONNOHSMNOJSJJQM> NQMODSTDRLCOKQTHRM;GQMNGMO1 ! #" # ;"!". # .SGLOT;GQNNLO> HSMNONLSMNQ;GQNNLOTDRLCOKQTJSNNQMNQHRM;GS1 # #" " " 75)8749;8007,838:59; :19469 -:569;/93; :,,581:67;-7267;493;(70&49 /8; :09)8:; 9509.; 29)8749; 81:2657 (:6:4):57 ; (7465:/:; :*:48; 241; 9 -59182:09469; 83; 371:39; :3; -8:47; 6955: :/8,867; :; *:5:*9 /9-72867; /8; 1851: 0 +#$; 09658; &:/5:68;184 &:46:47 9 ; 58-756:67; 493; (:6:267; :,,581:68; /93 09/92807;(70&49;:3; 7*387;/8;0:--: 4+;!$.;-:5681933:;#$ 2&,+;".;(7465:/: :*:48;241.;-8:47; .;)74:;1942&:58:;'. 1:69*758:; ( !.; 13:229; !.; 174282694): 0 +;#$.;594/86:;1:6:26:39; ;' #. + 337; 269227; 371:39; ; :**59*:6: ; 3: 17569;:/8,86:;:; -8:)):39 *8:5/847 ;/8 0 +!%.% ; :/8:19469; :33 846957; :,,58 1:67+ ! #" ! " ;''+ . .SGLOTGMIRHRER> KQJSNNSHSMNOJSNNQMNQTDRLCOKQTONNQMNQJSNNS1 # ! ;'+' . .SGLOTERKKSHSMNOJSN> NQMNQJSNNSTDRLCOKQTBSLOONNO1 ! #" # ;# .#" .SGLOTHRM;GS> HSMNOONNQMNONNOTDRLCOKQTHRM;GQMNQ;GQNNLO1 # #" " 75)8749;8007,838:59; :19469 -:569;/93; :,,581:67;-7267;493;(70&49 /8; :09)8:; 9509.; 29)8749; 81:2657 (:6:4):57 ; (7465:/:; :*:48; 241; 9 -59182:09469;83;371:39;:3;-8:47;6955:;9 290846955:67.;:/8,867;:;3:,75:67587;:5 68*8:4:39;/8;1851:;0 +$%; 09658; &:/5:68 47 :46:/&9 58-756:67; 493; (:6:267; :,,581:68; /93 09/92807;(70&49;:3; 7*387;/8;0:--: 4+!$.; -:5681933:; #$ 2&,+; #.; (7465:/: :*:48;241.;-8:47; '.;)74:;1942&: 58:; '.; 1:69*758:; ( !.; 13:229; !.; 17428 2694):; 0 +; $%.; 594/86:; 1:6:26:39; % $. "+ 3;09/92807;371:39; ; :**59*:6: ;3: 17569;:/8,86:;:; -8:)):39 *8:5/847 ;/8 0 +# .! ; :/8:19469; :33 846957; :,,58 1:67+ ! #" ! " ;"$+" ".! .SGLOT;GQLQMNQ> MODSERKQ;GQNNLOHSMNO;GQNNLOT DRLCOKQT NLSMNQ> JSNNS1 # ! ;"+$" ."! .SGLOT;GQNNLOERKQMO> DSHSMNO;GQLQMNQTDRLCOKQT;GQLQMNQNLS1 ! #" # ;%+" .%%;.SGLOTIGSER> KQ;GQNNLOHSMNOJSNNQMNQTDRLCOKQTDSMNRIGS1 # #" " 75)8749;8007,838:59; :19469 -:569;/93; :,,581:67;-7267;493;(70&49 /8; :09)8:; 9509.; 29)8749; 81:2657 (:6:4):57 ; (7465:/:; :*:48; 241; 9 -59182:09469; 3 :--:56:09467; -95; 18 839;:,86:)8749.;170-7267;/:; :48;1: 6:26:38;184 &9.;&,81:67;:3;-8:47;-5807 ;; 58-756:67; 493; (:6:267; :,,581:68; /93 09/92807;(70&49;:3; 7*387;/8;0:--: 4+;!$.;-:5681933:;#$ 2&,+; .; 8:;/93; 57 *59227.;-8:47;' .;)74:;1942&:58:;'.;1: 69*758:; !.;13:229;%.;174282694):; :48 #.;;594/86:;1:6:26:39; ;% '.'"+ :; -75)8749; 8007,838:59; :--94:; /9 215866:;7**8; ; 265&66&5:6: ;84;0:4895: 6:39; /:; 72-86:59; /&9; 0848 :--:56: 09468+ 3;09/92807;:--:56:09467; ; :**59 *:6: ;3:;17569;:/8,86:;:; -8:)):39 *8:5 /847 ;/8;0 +%#.'";:/8:19469;:33 846957 :,,581:67+ ! #" ! ;"$+" !.%# .SGLOT;GQLQMNQ> MODSERKQ;GQNNLOHSMNONLSTDRLCOKQTDSMNRHRM;GS1 # ! ;"+$" .!%; .SGLOT;GQNNLOERKQMO> DSHSMNO;GQLQMNQTDRLCOKQTNLSMNQIGS1 ! #" # ;%+" .' .SGLOTIGSER> KQ;GQNNLOHSMNOJSNNQMNQTDRLCOKQTJSIRHR1 P /KRT REEO<RKRT DSMCOMOT FOJNRT RMT DSMIRNQ MSKKOT JNQNOT IRT AQNNOT ST IRT IRLRNNOT RMT HGR OCMGMOTJRTNLODQ?TJSMBQTQKHGMQTCQLQMBRQ FSLTSDRBROMS?TEOKSJNRSTSTFLSNSJSTIRTSDSM> NGQKRTHOMIGNNOLR T P HOMT CKRT QHHSJJOLR?T IRFSMISMBS?T FSLNR> MSMBS?TJSLDRN TQNNRDSTSTFQJJRDSTSJRJNSMNR
STIRLRNNRTFLOFOLBROMQKRTJGKKSTFQLNRTISKK=SIRAR> HROTH8STISDOMOTLRNSMSLJRTHOEGMRTQTMOLEQ IRT KSCCST .SIT SDSMNGQKST LSCOKQESMNOT IR HOMIOERMRO1@ P :T<SMRTIRTHGRTJOFLQTJOMOTESCKROTISJHLRNNR MSKKQTLSKQBROMSTIRTJNREQT TISFOJRNQNQTQCKR QNNRTISKKQTFLOHSIGLQT>TQTARLEQTISKK=SJFSLNO QLH8@T3MMQT QLRQT2HQDSKKR?TH8STFG TSJ> JSLST HOMJGKNQNQT IQKK=OAASLSMNST .SIT QKKQ ;GQKST JRT AQT SJFLSJJOT LRMDROT QMH8ST FSL NGNNOT HR T H8ST HOMHSLMST K=SJRJNSMBQT IR SDSMNGQKRTOMSLRTSTFSJRTQT;GQKJRQJRTNRNOKO CLQDQMNRTJGRT<SMR1TFLSJJOTRTKOHQKRTISKK=3J> JOHRQBROMST-ONQLRKS?TESMNLSTK=OLIRMQMBQ RMNSCLQKSTJQL9TFG<<KRHQNQTJGKTJRNOTRMNSLMSN @QJNS@SGCSMRGJ@RNT ST JGT :KT #OEQMR .7IRBROMST0SCROMQKS1@ P 7=TFOJJR<RKSTH8RSISLSTGMTARMQMBRQESMNO FQLRTQKT 6$"6 TISKTFLSBBOT<QJSTQCKRT:JNR> NGNRTIRTHLSIRNOTH8ST8QMMOTQISLRNOTQKK=RMNSJQ HOMTRKT4LR<GMQKSTIRT5QESBRQT4SLES?TOJJRQ QMHQT&QLRES?T2QMT*QOKOT: :> QMHOTIR -QFOKR?T QMHQT *OFOKQLST IRT &LONOMS? OMNSTISRT*QJH8RTIRT2RSMQ?T QMHQTIRT&Q> NQMBQLO?TQTHGRTFONLQMMOTLRDOKCSLJRTIRLSNNQ> ESMNS@T P :TEGNGRTJQLQMMOTCQLQMNRNRTIQTRFONSHQTIQ RJHLRDSLSTJGKKOTJNSJJOTREEO<RKSTFOJNOTRM DSMIRNQ@T P QCCROLRTRMAOLEQBROMRTFONLQMMOTSJJSLS H8RSJNSTQKKST<QMH8STRMNSLSJJQNS@ P 2STK=OAASLSMNSTMOMTIRDRSMSTQCCRGIRHQNQ> LRO?T KQT HQGBROMST DSLL9T REESIRQNQESMNS LSJNRNGRNQT IOFOT KQT H8RGJGLQT ISKKQT CQLQ? JQKDOTH8STKOTJNSJJOTMOMTQ<<RQTOESJJOTIR FQLNSHRFQLST QKKQT ESISJREQ?T FSLJOMQK> ESMNST OT QT ESBBOT IRT FLOHGLQNOLST JFS> HRQKS?TJSMBQTIOHGESMNQNOTSTCRGJNRARHQNO EONRDO TRMTNQKSTHQJOTKQTHQGBROMST(TLSJNR> NGRNQTJOKOTMSKKQTERJGLQTISRT'$,6T.MODSTIS> HRER1T T ISKK=RMNSLOT ST KQT LSJNQMNST FQLNST ( NLQNNSMGNQT HOEST JOEEQT LRMDSMRSMNST Q NGNNRTCKRTSAASNNRTIQKK=SJSHGBROMS@T P :MT HQJOT IRT IG<<RT JGKKQT JGJJRJNSMBQT ISR EONRDRTCRGJNRARHQNRTFSLTKQTEQMHQNQTFQLNSHR> FQBROMSTQKKQTCQLQ?TK=OAASLSMNSTJRTLRDOKCSL9 QKT/RGIRHS?TH8STIRJFOLL9TRMTESLRNOTQKKQTLS> JNRNGBROMSTISKK=RMNSLQTHQGBROMSTOTLSJFRM> CSL9TKQTLSKQNRDQTIOEQMIQ@ P 3TMOLEQTISKK=QLN@T !T#*0T6!$6!$+66,TM@ "6TK=QCCRGIRHQNQLRO?T;GQKOLQTK=REEO<RKS JRTNLODRTMSKKSTHOMIRBROMRTFLSDRJNSTFSLTRKTLR> KQJHROTISKTFSLESJJOTIRTHOJNLGRLSTRMTJQMQ> NOLRQ?T IODL9T FLSJSMNQLST QT FLOFLRS SJHKGJRDSTJFSJSTIOEQMIQTIRTFSLESJJO RMTJQMQNOLRQ?TSMNLOT,+6TCROLMRTIQKKQTMONR> ARHQTISKTISHLSNOTIRTNLQJASLRESMNO@ P 2OMOTQTHQLRHOTISKK=QCCRGIRHQNQLROTNGNNSTKS JFSJSTFSLTRKTNLQJASLRESMNOTISCKRTREEO<RKR MOMH8 T;GSKKSTLSKQNRDSTQKKQTHQMHSKKQBROMS ISKKQTNLQJHLRBROMSTISKTFRCMOLQESMNOTSTIR NGNNSTKSTAOLEQKRN9THOMTRTLSKQNRDRTHOEFSMJR JFSNNQMNRTQKTFLOASJJROMRJNQTISKSCQNOTFSLTKS OFSLQBROMRTJGHHSJJRDSTQKKQTDSMIRNQ?THOES KR;GRIQNRTIQKT/@7@@ P &GJNOISTCRGIRBRQLROTISRTFSMRTJONNOFOJNRTQ DSMIRNQT(TKQTLQC@T/RODQMMSKKQT QEGKQLO? HOMTJNGIROTRMT5QESBRQT4SLES?TQKKQTDRQT&@ &OKOE<OTM@+T.NSK@6'!"$+,'++1?THGRTNGNNRTCKR RMNSLSJJQNRTFONLQMMOTLRDOKCSLJRTFSLTDRJRNQLS RT<SMR@ P 5QT FG<<KRHRN9?T KST EOIQKRN9T IRT FLSJSMNQ> BROMSTISKKSTIOEQMISTSTKSTHOMIRBROMRTISKKQ DSMIRNQTJOMOTLSCOKQNSTIQKKST &OMIRBROMR CSMSLQKRTRMTEQNSLRQTIRTDSMIRNSTREEO<RKRQLR ISKSCQNS TQKKSCQNSTQKTFLSJSMNSTQDDRJO@ P :KTFLSJSMNST QDDRJOTIRTDSMIRNQ TRMTSJNLQNNO JQL9TQAARJJOTFLSJJOTK=3K<OTISKK= AARHROT/RG> IRBRQLROTISKT4LR<GMQKSTIRT5QESBRQT4SLES@ 5QESBRQT4SLES?TK T,TONNO<LST+6,+TT 83;-57 922874826:;/939*:67; " "
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
Q Q
Q
Q
Q Q
Q Q
Q Q
Q Q
Q Q
Q Q Q Q
Q
Q
Q
KISNR@UIPJSITUBSKIRLT@UJPFSISLSP@UKNRNPUIS? ESLT@UMTIRGSNPUNTLTBPOSIPUJTLUKPDDTNNPUIHS ROJM<USONTKNRNPUL>SFFP=SLT@USLU9HRLTUJPEM< ROI;TU GMTKTONRMKSU RLLRU HJSTOCRU BSKKRNR GTMULRUETOJSNRA 0POUKRM<UGPKKS=SLTUSONTKNRMTUL>SFFP=SLT RUKPDDTNNPUJSETMKPUJRU9HTLLPUI;TUKPNNP? KIMSETUL>PBBTMNRA 4TUL>PBBTMTONTU+UIPOSHDRNPUTUSOUMTDSFTUJS IPFHOSPOTULTDRLTUJTSU=TOS@UJPEMROOPUTK? KTMTUSOJSIRNSUROI;TUSUIPMMSKGPOJTONSUJRNS JTLUIPOSHDTAU 0TLL>SGPNTKSUJSURI9HSKNPURUNSNPLPUGTMKPORLT JRUGRMNTUJSUHOUIPOSHDTUSOUMTDSFTUJSUIP? FHOSPOTUJTSU=TOS@UPIIPMMTUGMPJHMMT@UPLNMT RLLRU JSI;SRMRCSPOTU JSU 9HTKN>HLNSFP@U T RMNA3 *@UIPAU3 @ULTNNAUB@UIPJSITUISESLT@U9HTLLR JTLUIPOSHDTUOPOURI9HSMTONTUJSUIHSURLU" IPAUJTLLRUFTJTKSFRUJSKGPKSCSPOTUOPMFR? NSERA :OUIRKPUJSUJSI;SRMRCSPOTUGMTKTONRNRUIPO? DSHONRFTONTU JRU GS U KPDDTNNS@U JTETU TK? KTMTUSOJSIRNPUIPLHSUI;TUR==SRUL>TKILHKSER BRIPLN<UJSUBPMFHLRMTUTETONHRLSUPBBTMNTUSO RHFTONPA 4TU L>PBBTMTONTU +U FSOPMTOOT@U L>PBBTMNR JPEM<UTKKTMTUKPNNPKIMSNNRUJRSUDTOSNPMSUGMT? ESRURHNPMSCCRCSPOTUJTLU1SHJSITU7HNTLRMTA 4TUL>PBBTMTONTURDSKITU9HRLTULTDRLTUMRG? GMTKTONRONTUJSURLNMPUKPDDTNNP@UJPEM<UTK? KTMTURLLTDRNPUITMNSBSIRNPUJTLUMTDSKNMPUJTLLT SFGMTKTUJRUIHSUMSKHLNSOPUSUGPNTMSUPEETMPULR GMPIHMRUPUL>RNNPUJSUOPFSORUI;TUDSHKNSBSI;S SUGPNTMSAU ?U:UJRNSUSJTONSBSIRNSESUJTLU=TOTUGTMUSLU9HRLT L>PBBTMNRU+UGMPGPKNRAU ?U 6>SOJSIRCSPOTU JTLU GMTCCPU PBBTMNP@U I;T OPOUGPNM<UTKKTMTUSOBTMSPMTURLUGMTCCPUFS? OSFPU SOJSIRNPU OTLL>REESKPU JSU ETOJSNR@U R GTORUJSUTKILHKSPOTA ?U6>TKGMTKKRUJSI;SRMRCSPOTUJSURETMUGMTKP ESKSPOTUJTLLRUGTMSCSRUJSUKNSFRA 5LL>PBBTMNRUJPEM<UTKKTMTURLLTDRNRUHORUBP? NPIPGSRUJTLUJPIHFTONPUJSUSJTONSN<UJTLL>PB? BTMTONT@U OPOI; U HOU RKKTDOPU ISMIPLRMT OPOUNMRKBTMS=SLTUSONTKNRNPURU OPNRSPU1SRO? LHIRU .TMMTLLRU GMPITJHMRU TKTIHNSER OA32,%**U/A8A @UGTMUHOUSFGPMNPUGRMSURLU32 GTMUITONPUJTLUGMTCCPUPBBTMNP@URUNSNPLPUJS IRHCSPOT@UI;TUKRM<UNMRNNTOHNRUSOUIRKPUJS MSBSHNPUJTLL>RI9HSKNPA 0TKKHORUKPFFRUKRM<UMSI;STKNR@USOU9HT? KNRUBRKTU9HRLTUBPOJPUKGTKTA 6U >PBBTMTONTU +U NTOHNPU RU GMTKTONRMKSU RL? L>HJSTOCRUKPGMRUSOJSIRNRUJSUGTMKPOR@UPUR FTCCPUJSUFROJRNRMSPUFHOSNPUJSUGMPIHMR KGTISRLTU MSKHLNRONTU JRU RNNPU GH==LSIPU P KIMSNNHMRU GMSERNRU RHNTONSIRNRU I;TU JPEM< TKKTMTUJTGPKSNRNRUIPONTKNHRLFTONTURLLR JSI;SRMRCSPOTUJTLUOPFSORNSEPUJTLLRUGTM? KPOR@U JRU TBBTNNHRMKSU OTLU NTMFSOTU JSU IHS RLL>RMNA,$ AUIPA3 @UIAGAIAA :UGMPIHMRNPMSULTDRLSUGPKKPOPUBRMTUPBBTMNT GTMUGTMKPORUJRUOPFSORMTA :OUIRKPUJSURDDSHJSIRCSPOT@UL>PBBTMTONTU+ NTOHNPURLUETMKRFTONPUJTLUKRLJPUGMTCCPUT JTDLSUPOTMS@UJSMSNNSUTUKGTKTUJSUETOJSNRUOTL NTMFSOTU SOJSIRNPU SOU PBBTMNR@U PEETMP@U SO FROIROCR@UTONMPU 2UDSPMOSUJRLL>RDDSHJS? IRCSPOTUJTBSOSNSER@UFTJSRONTUJHTUJSKNSONS RKKTDOSUISMIPLRMSUOPOUNMRKBTMS=SLSUSONTKNRNS RU OPNRSPU 1SROLHIRU .TMMTLLRU GMPITJHMR TKTIHNSERU32,%**U/A8A @UHOPU9HRLTUJSBBT? MTOCRU GMTCCPU JSU RDDSHJSIRCSPOTU TU HOP GRMSURLUETONSUGTMUITONPUJTLUGMTCCPUKNTKKP 9HRLTUGMTKHFS=SLTUSFGPMNPUGTMUKGTKTAU :OUIRKPUJSUSORJTFGSFTONP@UL>RDDSHJSIR? CSPOTU KRM<U MTEPIRNRU TU L>RDDSHJSIRNRMSP GTMJTM<UNHNNTULTUKPFFTUETMKRNTAU :OUIRKPUJSUGS UPBBTMNTUERLSJT@UKSUGMPITJTM< RUDRMRUKHLLRU=RKTUJTLLRUPBBTMNRUGS URLNRAU :LU=TOTUETMM<UGMPEESKPMSRFTONTURDDSHJS? IRNPURUI;SUREM<UTBBTNNHRNPUSLUMSLROISPUGS RLNPAU 6RUETOJSNRUREESTOTUOTLLPUKNRNPUJSUBRNNPUT JSUJSMSNNPUSOUIHSUSU=TOSUKSUNMPEROP@UIPOUNHNNT LTUTETONHRLSUGTMNSOTOCT@URIITKKSPOS@UMR? DSPOSUTJURCSPOS@UKTMESN URNNSETUTUGRKKSETAU 6RU ETOJSNRU +U RU IPMGPU TU OPOU RU FSKHMR@ TETONHRLSU JSBBTMTOCTU JSU FSKHMRU OPOU GP? NMROOPUJRMULHPDPURJURLIHOUMSKRMISFTONP@ SOJTOOSN<UPUMSJHCSPOTUJTLUGMTCCPAU 6RUETOJSNRUBPMCRNRUOPOU+UKPDDTNNRURLLT OPMFTUIPOITMOTONSULRUDRMROCSRUGTMUESCSUP FROIROCRUJSU9HRLSN<@UO UGPNM<UTKKTMTUMT? EPIRNRUGTMURLIHOUFPNSEPAU -POKTDHTONTFTONTUL>TKSKNTOCRUJSUTETO? NHRLSUESCS@UFROIROCRUJSU9HRLSN<UPUJSBBPMFSN< JTLLRUIPKRUETOJHNR@UPOTMSUJSU9HRLKSRKSUDT? OTMTU USESUIPFGMTKS@URJUTKTFGSP@U9HTLLS HM=ROSKNSISUPEETMPUJTMSERONSUJRLLRUTETO? NHRLTU OTITKKSN<U JSU RJTDHRFTONPU JSU SF? GSRONSU RLLTU LTDDSU ESDTONS@U KGTKT IPOJPFSOSRLSU JTLL>ROOPU SOU IPMKPU TU JTL? L>ROOPUGMTITJTONTUOPOUGRDRNTUJRLUJT=S?
Q Q Q Q Q Q
Q
Q Q
Q
Q
Q Q
NPMTU UGTMU9HRLKSRKSUFPNSEPUOPOUIPOKSJT? MRNS@UROI;TUKTUPIIHLNSUTUIPFHO9HTUOPO TESJTOCSRNSUSOUGTMSCSR@UOPOUGPNMROOPUJRM LHPDPURJURLIHOUMSKRMISFTONP@USOJTOOSN<UP MSJHCSPOTUJTLUGMTCCP@UTKKTOJPKSUJSUIS UNT? OHNPUIPONPUOTLLRUERLHNRCSPOTUJTSU=TOSAU 1LSU SFFP=SLSU ETODPOPU ETOJHNSU LS=TMSU JR SKIMSCSPOSUSGPNTIRMSTUTUJRUNMRKIMSCSPOSUJSUGS? DOPMRFTONSAU 5LUFPFTONPUJTLLRUETOJSNR@USUDMRERFSUT KRMROOPUIROITLLRNTURUKGTKTUTUIHMRUJTL? L>RDDSHJSIRNRMSPA 4TUL>SFFP=SLTU+UPIIHGRNPUJRLUJT=SNPMTUP JRUNTMCSUKTOCRUNSNPLP@ULRULS=TMRCSPOTUUKRM< TBBTNNHRNRURUIHMRUJTLU-HKNPJTU1SHJSCSRMSPA )DOSUPOTMTUBSKIRLTUJTMSERONTUJRLLRUETO? JSNRUKRM<URUIRMSIPUJTLL>RDDSHJSIRNRMSPA .TMUNHNNPU9HRONPU9HSUOPOUGMTESKNPUKSURG? GLSIROPULTUESDTONSUOPMFTUJSULTDDTA
HRONPURLLRUETOJSNRUIPOUSOIRONP@UBTMFT LTUJSKGPKSCSPOSUKPGMRUSOJSIRNT@UKTUIPFGR? NS=SLS@U ERLDPOPU LTU OPMFTU JSU IHSU RDLSU RMNNA , @U,$2@U,$!UTU,$,UIAGAIAA 1LSUPBBTMTONSUJPEMROOPUJSI;SRMRMTULRUGMP? GMSRUMTKSJTOCRUOTLU-SMIPOJRMSPUJTLU7MS=H? ORLTU JSU 6RFTCSRU 7TMFTU PU TLTDDTMT JPFSISLSPUSOU6RFTCSRU7TMFTA )BBTMNTUSOURHFTONPUJSUHOU9HSONP 5U OPMFRU JTLL>RMNAU ,$!U IAGAIA@U REETOHNP L>SOIRONP@UGPKKPOPUROIPMRUTKKTMTUBRNNTUPB? BTMNTUJSURI9HSKNPUTONMPUSLUNTMFSOTUGTMTONP? MSPUJSU32UDSPMOSUJRLLRUDRMR@UFRUTKKTUOPO KPOPUTBBSIRISUKTUSLUGMTCCPUPBBTMNPUOPOUKH? GTMRUJSU3%,U'HOU9HSONP&U9HTLLPUMRDDSHONP OTLL>SOIRONPA .TMNRONPUL>RDDSHJSIRCSPOTUJSETMM<UJTBSOS? NSERUJTIPMKSU32UDSPMOSUKTOCRUPBBTMNTUSOURH? FTONPAU (SETOHNRU JTBSOSNSER L>RDDSHJSIRCSPOTU JPEM<U TKKTMTU ETMKRNR OTSU KTKKRONRU DSPMOSU KHIITKKSESU LRU JSBBT? MTOCRUJTLUGMTCCPUJSURDDSHJSIRCSPOTUFT? JSRONTURKKTDOPUISMIPLRMTUOPOUNMRKBTMS=SLT SONTKNRNPURU OPNRSPU1SROLHIRU.TMMTLLRUGMP? ITJHMRUTKTIHNSERU32,%**U/A8A UOPOI; USL ETONSUGTMUITONPUJTLUGMTCCPUJSURDDSHJSIR? CSPOTUKTFGMTUFTJSRONTURKKTDOPUISMIP? LRMTU OPOU NMRKBTMS=SLTU SONTKNRNPU RU OPNRSP 1SROLHIRU .TMMTLLRU GMPITJHMRU TKTIHNSER 32,%**U/A8A U9HRLTUGMTKHFS=SLTUSFGPMNP GTMUKGTKTA 7RLSUPBBTMNTUGPNMROOPUTKKTMTUJTGPKSNRNT GMTKKPU L>SOJSMSCCPU KPGMRU SOJSIRNP@U OTLLT BPMFTUJSUIHSURLL>RMNAU, 3UIAGAIA@UGMTKNROJP IRHCSPOTUGTMUHORUKPFFRUGRMSURLUJPGGSP JTLLRUIRHCSPOTUETMKRNRUGTMULRUGRMNTISGR? CSPOTURLL>SOIRONPAU :OUIRKPUJSUGMTKTONRCSPOTUJSUNRLSUPBBTMNT@ ETMM<USOJTNNRUHORUDRMRUKTIPOJPULTUGMTES? KSPOSUJSUIHSURLL>RMNAU,$!UIAGAIAA 4TUOTKKHOPUJTDLSUPBBTMTONSUSOURHFTONP GRMNTISGRURLLRUDRMRUSOJTNNRURUOPMFRUJTL? L>RMNAU,$!@UIPFFRU @UIAGAIA@UL>RDDSHJSIR? CSPOTU JSETONRU JTBSOSNSERU TU ETMM< GMPOHOISRNRURUIRMSIPUJTDLSUPBBTMTONSU'KRLEP I;TUMSIPMMRUHOUJPIHFTONRNPUTUDSHKNSBSIRNP FPNSEP&UULRUGTMJSNRUJTLLRUIRHCSPOT@USLUIHS SFGPMNPU+UNMRNNTOHNPUIPFTUMSOETOSTONTUR NHNNSUDLSUTBBTNNSUJRLL>TKTIHCSPOTAU)DOSUJP? FROJRU JSU MTKNSNHCSPOTU JTLLRU IRHCSPOT JPEM<UTKKTMTUSOJSMSCCRNRUJRDLSUPBBTMTONSURL 1SHJSITUJTLL>8KTIHCSPOTAU
5##:4)U(:U#80(:75 )=-*-! -$*! = :()= 3)= ..) :6U./) 844:)0:475U(868157)U ! ! .MTKKPU544)-:5 :)08U0)75/:68U./)? -8( /8U848- 7:#8U(:U65 8 :5U78/ 8 .SRCCRUJTLLRU/TGH==LSIRU U6RFTCSRU7TMFT OTLLRU.MPITJHMRU8KTIHNSERU 0AU3"3%* 3,"%* U/A8A #SKNPUSLUGMPEETJSFTONPUJSUJTLTDRURLLRUETOJSNR TFTKKPUJRLU1SHJSITUJTLL>8KTIHCSPOTUJTLU7MS=H? ORLTUJSU6RFTCSRU7TMFTUSOUJRNRU3 %2!%"22 URS KTOKSU JTLL>RMNAU ,*3U =SKU IAGAIAU RU KTDHSNPU JS SKNROCRUJSUETOJSNRUBPMFHLRNRUJRLU-MTJSNPMTU.MP? ITJTONTU:07845U1847:)08U-/8(:7:U4AGA5A 'PMRU1 8/U4AGA5A& /SNTOHNPU OTITKKRMSPU MSBSKKRMTU OHPESU TKGTMS? FTONSUJSUETOJSNRURLLTUFTJTKSFTUIPOJSCSPOSUJTS GMTITJTONS #SKNPUL>RMNAU, *UIAGAIA 5##:45 I;TU SOU JRNRU U * = 79%:.'6:= *,-*= ;55:= 96: -,2,,2 OTLU .RLRCCPU JSU 1SHKNSCSRU JSU 6RFTCSR 7TMFT@U.SRCCRUJTLLRU/TGH==LSIR@UGSROPUGMSFP KTFSONTMMRNP@UGMTKKPUSULPIRLSUJTLL>5KKPISRCSPOT 0PNRMSLT@UKSUNTMM<ULRUETOJSNRUIPOUSOIRONPUJTLLR GSTORUGMPGMSTN<UJTSUKTDHTONSUSFFP=SLS ! 7= ;.:+<;= :6.:2=3:+<97:= <& 4;3869=;55;=%<;=1:(5<= 8;5<=4<%<49=7)" = 59& 4;5<8 = <55< =/7<8 =<..9'<5<;6:=;1=/39
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
NMRNNTOHNRU IPFTU KPFFRU MSOETOSTONTU R NHNNSUDLSUTBBTNNSUJRLL>TKTIHCSPOTAU Q :OU IRKPU JSU JH==SU KHLLRU KHKKSKNTOCRU JTS FPNSESUDSHKNSBSIRNSUGTMULRUFROIRNRUGRMNTIS? GRCSPOTURLLRUDRMR@UL>PBBTMTONTUKSUMSEPLDTM< RLU1SHJSIT@UI;TUJSKGPMM<USOUFTMSNPURLLRUMT? KNSNHCSPOTUJTLL>SONTMRUIRHCSPOTUPUMTKGSO? DTM<ULRUMTLRNSERUJPFROJRA Q 5UOPMFRUJTLL>RMNAU! U(./U2 %2 %"223UOA $2UL>RDDSHJSIRNRMSP@U9HRLPMRUL>SFFP=SLT KSUNMPESUOTLLTUIPOJSCSPOSUGMTESKNTUGTMUSLUMS? LRKISPUJTLUGTMFTKKPUJSUIPKNMHSMTUSOUKROR? NPMSR@U JPEM<U GMTKTONRMTU RU GMPGMST TKILHKSETUKGTKTUJPFROJRUJSUGTMFTKKP SOUKRORNPMSR@UTONMPU3"2UDSPMOSUJRLLRUOPNS? BSIRUJTLUJTIMTNPUJSUNMRKBTMSFTONPA Q 4POPURUIRMSIPUJTLL>RDDSHJSIRNRMSPUNHNNTULT KGTKTUGTMUSLUNMRKBTMSFTONPUJTDLSUSFFP=SLS OPOI; U9HTLLTUMTLRNSETURLLRUIROITLLRCSPOT JTLLRUNMRKIMSCSPOTUJTLUGSDOPMRFTONPUTUJS NHNNTULTUBPMFRLSN<UIPOUSUMTLRNSESUIPFGTOKS KGTNNRONSURLUGMPBTKKSPOSKNRUJTLTDRNPUGTMULT PGTMRCSPOSUKHIITKKSETURLLRUETOJSNR@UIPFT LS9HSJRNSUJRLU1A8AA Q -HKNPJTUDSHJSCSRMSPUJTSU=TOSUKPNNPGPKNSUR ETOJSNRU +U SLU JPNNAU -PKTONSOPU .RPLPU IPO KNHJSPUSOU6RFTCSRU7TMFT@URLU#SIPU3 U1R? MS=LJSUOA!U'NTLA2* $%!!$$" &@UIHSUNHNNSUDLSUSO? NTMTKKRNSUGPNMROOPUMSEPLDTMKSUGTMUESKSNRMT SU=TOSA Q 6RU GH==LSISN<@U LTU FPJRLSN<U JSU GMTKTONR? CSPOTUJTLLTUJPFROJTUTULTUIPOJSCSPOSUJTLLR ETOJSNRUKPOPUMTDPLRNTUJRLLTU -POJSCSPOS DTOTMRLSUSOUFRNTMSRUJSUETOJSNTUSFFP=SLSRMS JTLTDRNT URLLTDRNTURLUGMTKTONTUREESKPA Q :LUGMTKTONTU REESKPUJSUETOJSNR USOUTKNMRNNP KRM<URBBSKKPUGMTKKPUL>5L=PUJTLL> BBSISPU1SH? JSCSRMSPUJTLU7MS=HORLTUJSU6RFTCSRU7TMFTA 6RFTCSRU7TMFT@UL U3UPNNP=MTU"23"U <5=069#:33<97<38;=1:5:(;89= ! ! ! -)0(: :)0:U1808/56:U:0U 578/:5U (:U#80(:78U: ) :6:5/:U(8681578 Q 6TUPBBTMNTUJSURI9HSKNPUJPEMROOPUTKKTMT GMTKTONRNTU SOU =HKNRU I;SHKRU IPONTOTONT JPFROJRUJSUGRMNTISGRCSPOTUSOUIRMNRULT? DRLT@U:7869=5:=96:=-*2,,=1:5=(<9679=*79%:.'6:=*,-*) Q 4HLLRU=HKNRUJPEMROOPUTKKTMTUSOJSIRNTULT KPLTUDTOTMRLSN<UJSUI;SUGMTKTONRUL>PBBTMNR@ I;TUGH UROI;TUTKKTMTUGTMKPORUJSETMKR JRLL>PBBTMTONT@U SLU OPFTU JTLU DSHJSITU JTL? L>TKTIHCSPOS@USLUOPFTUJTLUGMPBTKKSPOSKNR JTLTDRNP@U LRU JRNRU JTLLRU ETOJSNRU TU SLU OH? FTMPUJTLLRUGMPITJHMRAU Q 0TKKHORURLNMRUSOJSIRCSPOTU UO USLU=TOT GTMUIHSU+UKNRNRUBRNNRUL>PBBTMNRUPURLNMPU UJTET TKKTMTURGGPKNRUKHLLRU=HKNRA Q :LU NTMFSOTU JSU ETMKRFTONPU JTLU KRLJP GMTCCP@UOPOI; UJTDLSUHLNTMSPMSUPOTMS@UJSMSNNS TUKGTKTUIPOKTDHTONSURLLRUETOJSNRU+UJSU 2 DSPMOSUJRLL>RDDSHJSIRCSPOTUJTBSOSNSERA Q 6>PBBTMNRUJPEM<UIPONTOTMT U Q ?U:LUIPDOPFT@UOPFT@ULHPDPUTUJRNRUJSUOR? KISNR@UIPJSITUBSKIRLT@UJPFSISLSP@UKNRNPUIS? ESLT@UMTIRGSNPUNTLTBPOSIPUJTLUKPDDTNNPUIHS ROJM<USONTKNRNPUL>SFFP=SLT@USLU9HRLTUJPEM< ROI;TU GMTKTONRMKSU RLLRU HJSTOCRU BSKKRNR GTMULRUETOJSNRA Q 0POUKRM<UGPKKS=SLTUSONTKNRMTUL>SFFP=SLT RUKPDDTNNPUJSETMKPUJRU9HTLLPUI;TUKPNNP? KIMSETUL>PBBTMNRA Q 4TUL>PBBTMTONTU+UIPOSHDRNPUTUSOUMTDSFTUJS IPFHOSPOTULTDRLTUJTSU=TOS@UJPEMROOPUTK? KTMTUSOJSIRNSUROI;TUSUIPMMSKGPOJTONSUJRNS JTLUIPOSHDTAU Q 0TLL>SGPNTKSUJSURI9HSKNPURUNSNPLPUGTMKPORLT JRUGRMNTUJSUHOUIPOSHDTUSOUMTDSFTUJSUIP? FHOSPOTUJTSU=TOS@UPIIPMMTUGMPJHMMT@UPLNMT RLLRU JSI;SRMRCSPOTU JSU 9HTKN>HLNSFP@U T RMNA3 *@UIPAU3 @ULTNNAUB@UIPJSITUISESLT@U9HTLLR JTLUIPOSHDTUOPOURI9HSMTONTUJSUIHSURLU" IPAUJTLLRUFTJTKSFRUJSKGPKSCSPOTUOPMFR? NSERA Q :OUIRKPUJSUJSI;SRMRCSPOTUGMTKTONRNRUIPO? DSHONRFTONTU JRU GS U KPDDTNNS@U JTETU TK? KTMTUSOJSIRNPUIPLHSUI;TUR==SRUL>TKILHKSER BRIPLN<UJSUBPMFHLRMTUTETONHRLSUPBBTMNTUSO RHFTONPA Q 4TU L>PBBTMTONTU +U FSOPMTOOT@U L>PBBTMNR JPEM<UTKKTMTUKPNNPKIMSNNRUJRSUDTOSNPMSUGMT? ESRURHNPMSCCRCSPOTUJTLU1SHJSITU7HNTLRMTA Q 4TUL>PBBTMTONTURDSKITU9HRLTULTDRLTUMRG? GMTKTONRONTUJSURLNMPUKPDDTNNP@UJPEM<UTK? KTMTURLLTDRNPUITMNSBSIRNPUJTLUMTDSKNMPUJTLLT SFGMTKTUJRUIHSUMSKHLNSOPUSUGPNTMSUPEETMPULR GMPIHMRUPUL>RNNPUJSUOPFSORUI;TUDSHKNSBSI;S SUGPNTMSAU Q ?U:UJRNSUSJTONSBSIRNSESUJTLU=TOTUGTMUSLU9HRLT L>PBBTMNRU+UGMPGPKNRAU Q ?U 6>SOJSIRCSPOTU JTLU GMTCCPU PBBTMNP@U I;T OPOUGPNM<UTKKTMTUSOBTMSPMTURLUGMTCCPUFS? OSFPU SOJSIRNPU OTLL>REESKPU JSU ETOJSNR@U R GTORUJSUTKILHKSPOTA Q ?U6>TKGMTKKRUJSI;SRMRCSPOTUJSURETMUGMTKP
FTLTQPUVKUMMSVHUNTDTSVKTVLOTGSB R 8MM?QEEUNOSVKQFN=VULLUNUVSMMUCSOSVIPSVEQ@ OQJQHTSVKUMVKQJIGUPOQVKTVTKUPOTO=VKUMM?QE@ EUNUPOUAV PQPJ; V IPV SLLUCPQV JTNJQMSNU PQPVONSLEUNT>TMUVTPOULOSOQVSV PQOSTQV0TSP@ MIJSV 2UNNUMMSV HNQJUKINSV ULUJIOTFS PB6)6+ $V1B9B AVHUNVIPVTGHQNOQVHSNTVSMV64 HUNVJUPOQVKUMVHNUDDQVQEEUNOQAVSVOTOQMQVKT JSIDTQPUAVJ;UVLSN=VONSOOUPIOSVTPVJSLQVKT NTETIOQVKUMM?SJ:ITLOQB R /ULLIPSVLQGGSVLSN=VNTJ;TULOSAVTPV:IU@ LOSVESLUV:ISMUVEQPKQVLHULUB R 7?QEEUNUPOUV .V OUPIOQV SV HNULUPOSNLTV SM@ M?IKTUPDSVLQHNSVTPKTJSOSVKTVHUNLQPSAVQVS GUDDQVKTVGSPKSOSNTQVGIPTOQVKTVHNQJINS LHUJTSMUV NTLIMOSPOUV KSV SOOQV HI>>MTJQV Q LJNTOOINSV HNTFSOSV SIOUPOTJSOSV J;UV KQFN= ULLUNUVKUHQLTOSOSVJQPOULOISMGUPOUVSMMS KTJ;TSNSDTQPUVKUMVPQGTPSOTFQVKUMMSVHUN@ LQPSAV KSV UEEUOOISNLTV PUMV OUNGTPUV KTV JIT SMM?SNOB,& BVJQB6 AVJBHBJBB R <VHNQJINSOQNTVMUCSMTVHQLLQPQVESNUVQEEUNOU HUNVHUNLQPSVKSVPQGTPSNUB R <PVJSLQVKTVSCCTIKTJSDTQPUAVM?QEEUNUPOUV. OUPIOQVSMVFUNLSGUPOQVKUMVLSMKQVHNUDDQVU KUCMTVQPUNTAVKTNTOOTVUVLHULUVKTVFUPKTOSVPUM OUNGTPUV TPKTJSOQV TPV QEEUNOSAV QFFUNQAV TP GSPJSPDSAVUPONQV(4VCTQNPTVKSMM?SCCTIKT@ JSDTQPUVKUETPTOTFSAVGUKTSPOUVKIUVKTLOTPOT SLLUCPTVJTNJQMSNTVPQPVONSLEUNT>TMTVTPOULOSOT SV PQOSTQV 0TSPMIJSV 2UNNUMMSV HNQJUKINS ULUJIOTFSV6)6+ $V1B9B AVIPQV:ISMUVKTEEU@ NUPDSV HNUDDQV KTV SCCTIKTJSDTQPUV UV IPQ HSNTVSMVFUPOTVHUNVJUPOQVKUMVHNUDDQVLOULLQ :ISMUVHNULIGT>TMUVTGHQNOQVHUNVLHULUBV R <PVJSLQVKTVTPSKUGHTGUPOQAVM?SCCTIKTJS@ DTQPUV LSN=V NUFQJSOSV UV M?SCCTIKTJSOSNTQ HUNKUN=VOIOOUVMUVLQGGUVFUNLSOUBV R <PVJSLQVKTVHT VQEEUNOUVFSMTKUAVLTVHNQJUKUN= SVCSNSVLIMMSV>SLUVKUMMSVQEEUNOSVHT VSMOSBV R <MV>UPUVFUNN=VHNQFFTLQNTSGUPOUVSCCTIKT@ JSOQVSVJ;TVSFN=VUEEUOOISOQVTMVNTMSPJTQVHT SMOQBV R 7SVFUPKTOSVSFFTUPUVPUMMQVLOSOQVKTVESOOQVU KTVKTNTOOQVTPVJITVTV>UPTVLTVONQFSPQAVJQPVOIOOU MUVUFUPOISMTVHUNOTPUPDUAVSJJULLTQPTAVNS@ CTQPTVUKVSDTQPTAVLUNFTO VSOOTFUVUVHSLLTFUBV R 7SV FUPKTOSV .V SV JQNHQV UV PQPV SV GTLINSA UFUPOISMTV KTEEUNUPDUV KTV GTLINSV PQPV HQ@ ONSPPQVKSNVMIQCQVSKVSMJIPVNTLSNJTGUPOQA TPKUPPTO=VQVNTKIDTQPUVKUMVHNUDDQBV R 7SVFUPKTOSVEQNDSOSVPQPV.VLQCCUOOSVSMMU PQNGUVJQPJUNPUPOTVMSVCSNSPDTSVHUNVFTDTVQ GSPJSPDSVKTV:ISMTO=AVP VHQON=VULLUNUVNU@ FQJSOSVHUNVSMJIPVGQOTFQBV R *QPLUCIUPOUGUPOUVM?ULTLOUPDSVKTVUFUP@ OISMTVFTDTAVGSPJSPDSVKTV:ISMTO=VQVKTEEQNGTO= KUMMSVJQLSVFUPKIOSAVQPUNTVKTV:ISMLTSLTVCU@ PUNUV VTFTVJQGHNULTAVSKVULUGHTQAV:IUMMT IN>SPTLOTJTVQFFUNQVKUNTFSPOTVKSMMSVUFUP@ OISMUV PUJULLTO=V KTV SKUCISGUPOQV KTV TG@ HTSPOTV SMMUV MUCCTV FTCUPOTAV LHULU JQPKQGTPTSMTV KUMM?SPPQV TPV JQNLQV UV KUM@ M?SPPQVHNUJUKUPOUVPQPVHSCSOUVKSMVKU>T@ OQNUV V HUNV :ISMLTSLTV GQOTFQV PQP JQPLTKUNSOTAVSPJ;UVLUVQJJIMOTVUVJQGIP@ :IUVPQPVUFTKUPDTSOTVTPVHUNTDTSAVPQPVHQ@ ONSPPQVKSNVMIQCQVSKVSMJIPVNTLSNJTGUPOQA TPKUPPTO=VQVNTKIDTQPUVKUMVHNUDDQAVULLUP@ KQLTVKTVJT VOUPIOQVJQPOQVPUMMSVFSMIOSDTQPU KUTV>UPTBV R 0MTV TGGQ>TMTV FUPCQPQV FUPKIOTV MT>UNTV KS TLJNTDTQPTVTHQOUJSNTUVUVKSVONSLJNTDTQPTVKTVHT@ CPQNSGUPOTBV R 8MVGQGUPOQVKUMMSVFUPKTOSAVTVCNSFSGTVU LSNSPPQVJSPJUMMSOTVSVLHULUVUVJINSVKUM@ M?SCCTIKTJSOSNTQB R 5UVM?TGGQ>TMUV.VQJJIHSOQVKSMVKU>TOQNUVQ KSVOUNDTVLUPDSVOTOQMQAVMSVMT>UNSDTQPUVVLSN= UEEUOOISOSVSVJINSVKUMV*ILOQKUV0TIKTDTSNTQB R -CPTVQPUNUVETLJSMUVKUNTFSPOUVKSMMSVFUP@ KTOSVLSN=VSVJSNTJQVKUMM?SCCTIKTJSOSNTQB R 2UNVOIOOQV:ISPOQV:ITVPQPVHNUFTLOQVLTVSH@ HMTJSPQVMUVFTCUPOTVPQNGUVKTVMUCCUB R ISPOQVSMMSVFUPKTOSVJQPVTPJSPOQAVEUNGU MUVKTLHQLTDTQPTVLQHNSVTPKTJSOUAVLUVJQGHS@ OT>TMTAV FSMCQPQV MUV PQNGUV KTV JITV SCMTV SNOOB
,$(AV,&4AV,&%VUV,&,VJBHBJBB R 0MTVQEEUNUPOTVKQFNSPPQVKTJ;TSNSNUVMSVHNQ@ HNTSVNULTKUPDSVPUMV*TNJQPKSNTQVKUMV3NT>I@ PSMUV KTV 7SGUDTSV 3UNGUV QV UMUCCUNU KQGTJTMTQVTPV7SGUDTSV3UNGUB R -EEUNOUVTPVSIGUPOQVKTVIPV:ITPOQ R 8V PQNGSV KUMM?SNOBV ,&%V JBHBJBAV SFFUPIOQ M?TPJSPOQAVHQLLQPQVSPJQNSVULLUNUVESOOUVQE@ EUNOUVKTVSJ:ITLOQVUPONQVTMVOUNGTPUVHUNUPOQ@ NTQVKTV64VCTQNPTVKSMMSVCSNSAVGSVULLUVPQP LQPQVUEETJSJTVLUVTMVHNUDDQVQEEUNOQVPQPVLI@ HUNSVKTV6+,V!IPV:ITPOQ"V:IUMMQVNSCCTIPOQ PUMM?TPJSPOQB R 2UNOSPOQVM?SCCTIKTJSDTQPUVKTFUNN=VKUETPT@ OTFSVKUJQNLTV64VCTQNPTVLUPDSVQEEUNOUVTPVSI@ GUPOQBV 'TFUPIOSV KUETPTOTFS M?SCCTIKTJSDTQPUV KQFN=V ULLUNUV FUNLSOS PUTV LULLSPOSV CTQNPTV LIJJULLTFTV MSV KTEEU@ NUPDSVKUMVHNUDDQVKTVSCCTIKTJSDTQPUVGU@ KTSPOUVSLLUCPQVJTNJQMSNUVPQPVONSLEUNT>TMU TPOULOSOQVSV PQOSTQV0TSPMIJSV2UNNUMMSVHNQ@ JUKINSVULUJIOTFSV6)6+ $V1B9B VPQPJ; VTM FUPOTVHUNVJUPOQVKUMVHNUDDQVKTVSCCTIKTJS@ DTQPUVLUGHNUVGUKTSPOUVSLLUCPQVJTNJQ@ MSNUV PQPV ONSLEUNT>TMUV TPOULOSOQV SV PQOSTQ 0TSPMIJSV 2UNNUMMSV HNQJUKINSV ULUJIOTFS 6)6+ $V1B9B V:ISMUVHNULIGT>TMUVTGHQNOQ HUNVLHULUB R 3SMTVQEEUNOUVHQONSPPQVULLUNUVKUHQLTOSOU HNULLQV M?TPKTNTDDQV LQHNSV TPKTJSOQAV PUMMU EQNGUVKTVJITVSMM?SNOBV,$6VJBHBJBAVHNULOSPKQ JSIDTQPUVHUNVIPSVLQGGSVHSNTVSMVKQHHTQ KUMMSVJSIDTQPUVFUNLSOSVHUNVMSVHSNOUJTHS@ DTQPUVSMM?TPJSPOQBV R <PVJSLQVKTVHNULUPOSDTQPUVKTVOSMTVQEEUNOUA FUNN=VTPKUOOSVIPSVCSNSVLUJQPKQVMUVHNUFT@ LTQPTVKTVJITVSMM?SNOBV,&%VJBHBJBB R 5UVPULLIPQVKUCMTVQEEUNUPOTVTPVSIGUPOQ HSNOUJTHSVSMMSVCSNSVTPKUOOSVSVPQNGSVKUM@ M?SNOBV,&%AVJQGGSV AVJBHBJBAVM?SCCTIKTJS@ DTQPUV KTFUPOSV KUETPTOTFSV UV FUNN= HNQPIPJTSOSVSVJSNTJQVKUCMTVQEEUNUPOTV!LSMFQ J;UVNTJQNNSVIPVKQJIGUPOSOQVUVCTILOTETJSOQ GQOTFQ"VVMSVHUNKTOSVKUMMSVJSIDTQPUAVTMVJIT TGHQNOQV.VONSOOUPIOQVJQGUVNTPFUPTUPOUVS OIOOTVCMTVUEEUOOTVKSMM?ULUJIDTQPUBV-CPTVKQ@ GSPKSV KTV NULOTOIDTQPUV KUMMSV JSIDTQPU KQFN=VULLUNUVTPKTNTDDSOSVKSCMTVQEEUNUPOTVSM 0TIKTJUVKUMM?9LUJIDTQPUBV 8##<5-V'<V#9/'<38 (< " -*< ;$(< 2(< ++( <7V21- 955<-/<538V'979083-V 2NULLQV 855-*<8 <-/9V/-381<79V 21-*9' 19V959* 3<#9 '<V78 9 <8V391 9 2TSDDSVVKUMMSV1UHI>>MTJSV V7SGUDTSV3UNGU PUMMSV2NQJUKINSV9LUJIOTFSV/B(%+46V1B9B #TLOQVTMVHNQFFUKTGUPOQVKTVKUMUCSVSMMSVFUPKTOS UGULLQVKSMV0TIKTJUVKUMM?9LUJIDTQPUVKUMV3NT>I@ PSMUVKTV7SGUDTSV3UNGUVTPVKSOSV6)+4%+)44$VST LUPLTV KUMM?SNOBV , 6V >TLV JBHBJBV SV LUCITOQV KT TLOSPDSVKTVFUPKTOSVEQNGIMSOSVKSMVJNUKTOQNUVHNQ@ JUKUPOUV 8/*-V'<V/82-7<V5BHB8B *QPLOSOSOQVJ;UVQJJQNNUVVNTETLLSNUVMSVFUPKTOSVKUM >UPUVLOSCCTOQVJQPVMSVNTKIDTQPUVKUMVHNUDDQV>SLU KTVIPV:ISNOQVCTILOSVSIOQNTDDSDTQPUVKUMV0B9B #TLOQVM?SNOBV,( VJBHBJB 8##<58 J;UV TPV KSOSV ' < 47%;+)5;< '-*'< < 933;< 75; **0--0< PUMV 2SMSDDQV KTV 0TILOTDTSV KTV 7SGUDTS 3UNGUAV2TSDDSVKUMMSV1UHI>>MTJSAVHTSPQVHNTGQ LUGTPOUNNSOQAVHNULLQVTVMQJSMTVKUMM?8LLQJTSDTQPU /QOSNTMUAVLTVOUNN=VMSVFUPKTOSVLUPDSVTPJSPOQVKUM LUCIUPOUVTGGQ>TMU 4<6;55867587<18< 8,,;5890<#59! ,874;< 8170<&486 <8++7)83895;<#9/;46; .956;< 1;3< #9))58/967< .;5< /8%83;< 9)869! ,874;0<.7267<9339<%89<1;3< 75670<;<.5;! /829+;46;< 3 9..9569+;467< .7267< 93 2;/7417< .8947< .958< 93< 6;5,7< .8947 #&758< 6;559 0< /7+.7267< 19< 65;< %948< ; 9//;22758 < 58.756967<4;3< 969267< 9))58/968<18< 8,! ,;5890</74<3;<8418/9,8748 #7$387< 18< +9..9< 0< .9568/;339 ' 2&)(*-0< %89< 1;3< 75670< .8947< ' 0 /96( "0< /3(' 0< %948< "0 0< 5;41869< /969! 2693;< <* "0 -(< <* ("- 0 !UINQVKTJTQOOQGT@ MS:ISOONQJUPOQJTP:IUVFTNCQMSVPQFSPOSLUT" 8##<58V873195 R *;UVPUMMUVVTHQOULTVTPVJIT R @PQPVLTSPQVHNQHQLOUVQEEUNOUVKTVSJ:ITLOQ UPONQVTMVOUNGTPUVLOS>TMTOQ R @MUV QEEUNOUV PQPV LTSPQV UEETJSJTV STV LUPLT KUMM?SNOBV,$6VJBHBJB R @LTVFUNTETJ;TVIPSVKUMMUVJTNJQLOSPDUVHNUFT@ LOUVKSMM?SNOBV,$)AVJQGGSV AVJBHBJB R @MSV FUPKTOSV LUPDSV TPJSPOQV PQPV S>>TS MIQCQVHUNV:ISMLTSLTVSMONSVNSCTQPU VV
: 9%5 <3&7$7<39<%;41869</74<84/9467<1;8 +;1;28+8<);48<4;33;<2;$&;468<196;<; 3&7$ 8 < < * < 18/;+)5;< '-*'< 933;< 75; *-0--0< 939,,7<18< 8&268,89<18< 9+;,89 ;5+;0< .89,,9< 1;339< ;.&))38/90 .5;227<8<37/938<1;33 227/89,874;( <* ("- 0 !UINQV KTJTQOOQGTMS:ISOONQJUPOQJTP:IUV FTNCQMS PQFSPOSLUT"
<*( "-0 - !UINQVGTMMUQOOQJUPOQ@ :ISNSPOSVFTNCQMSVLULLSPOS" < '-0 - !UINQVPQFUJUPOQ@ FUPOTVFTNCQMSVONUPOS" R <PVOSMUVIKTUPDSAVSVKTEEUNUPDSVKUMMSVHNTGSA HUNVSCCTIKTJSNLTVTV>UPTVLSN=VPUJULLSNTQ UEEUOOISNUVSMGUPQVIPVNTMSLJTQVKUMVHNUDDQB R 7?TGGQ>TMUVFTUPUVHQLOQVTPVFUPKTOSVPUMMQ LOSOQV KTV ESOOQV UV KTV KTNTOOQV TPV JITV LTV ONQFSA LUPDSVSMJIPSVCSNSPDTSVHUNVUFTDTQPUAVGQ@ MULOTUVUVHNUOULUVKTVUFUPOISMTVJQPKIOOQNT JQPV CMTV SJJULLQNTAV KTHUPKUPDUAV HUNOT@ PUPDUAVLUNFTO VSOOTFUVUVHSLLTFUVULTLOUPOT UVKTNTOOTVHNQHQNDTQPSMTVLIMMUVHSNOTVKUMM?UKTET@ JTQVJ;UVKUFQPQVNTOUPUNLTVJQGIPTVSVPQNGS KTVMUCCUV!NUCQMSGUPOQVKTVJQPKQGTPTQ"B R <MV>UPUVKTVJITVLQHNSV.VGUCMTQVKULJNTOOQ PUMMSVNUMSDTQPUVKTVLOTGSV VKUHQLTOSOSVSCMT SOOTVKUMMSVHNQJUKINSV@VSVETNGSVKUMM?ULHUNOQ SNJ;BV 5OUESPTSV TMQOOSAV J;UV HI V ULLUNU JQPLIMOSOSVKSMM?QEEUNUPOUV!UKVSMMSV:ISMUVLT ESVULHNULLQVNTPFTQVSPJ;UVHUNVOIOOQVJT VJ;U JQPJUNPUVM?ULTLOUPDSVKTVUFUPOISMTVQPUNTVU HULTVSV:ISMLTSLTVOTOQMQVCNSFSPOTVLIMV>UPU" HNULLQVTVMQJSMTVKUMM?8LLQJTSDTQPUAVGUPONU M?QNKTPSPDSVTPOUCNSMUVLSN=VHI>>MTJSOSVLIM LTOQVTPOUNPUOV BSLOUBUICUPTILBTOVUVLIM CTQNPSMUV <MV 'QGSPT V !9KTDTQPUV 1UCTQ@ PSMU"B R 9?VHQLLT>TMUVJ;TUKUNUVIPVETPSPDTSGUPOQ HSNTVSMV$4+&4 VKUMVHNUDDQV>SLUVSCMTV<LOT@ OIOTVKTVJNUKTOQVJ;UV;SPPQVSKUNTOQVSMM?TPOULS JQPVTMV3NT>IPSMUVKTV7SGUDTSV3UNGUAVQLLTS SPJSV *SNTGUV 5BHB8BAV 5SPV 2SQMQV < <@ SPJQVKTV/SHQMTV5BHB8BAV SPJSV2QHQMSNU KTV*NQOQPUAV SPJSV QPOUVKUTV2SLJ;TVKT 5TUPSV5BHB8BAV SPJSVKTV*SOSPDSNQV5BHB8BBV R <VGIOITVLSNSPPQVCSNSPOTOTVKSVTHQOUJSVKS TLJNTFUNUVLIMMQVLOULLQVTGGQ>TMUVHQLOQVTP FUPKTOSB R SCCTQNTVTPEQNGSDTQPTVHQONSPPQVULLUNU J;TULOUVSMMUV>SPJ;UVTPOUNULLSOUB R *ILOQKUVCTIKTDTSNTQVKUTV>UPTVLQOOQHQLOTVS FUPKTOSV.VMSVKQOOBLSV7ITLSV2IOUNTVJQPVLOI@ KTQVTPV7SGUDTSV3UNGUAVSMMSVFTSV SKQPPS KUMMSV5HTPSVPB%V!OUMB4 (&+)&4 ("AVJITVOIOOT CMTVTPOUNULLSOTVHQONSPPQVNTFQMCUNLTVHUNVFT@ LTOSNUVTV>UPTB R 5UVM?QEEUNUPOUVPQPVKTFTUPUVSCCTIKTJSOS@ NTQAV MSV JSIDTQPUV FUNN=V TGGUKTSOSGUPOU NULOTOITOSV KQHQV MSV J;TILINSV KUMMSV CSNSA LSMFQVJ;UVMQVLOULLQVPQPVS>>TSVQGULLQVKT HSNOUJTHSNUV SMMSV GUKULTGSAV HUNLQPSM@ GUPOUV QV SV GUDDQV KTV HNQJINSOQNUV LHU@ JTSMUAVLUPDSVKQJIGUPOSOQVUVCTILOTETJSOQ GQOTFQ VTPVOSMUVJSLQVMSVJSIDTQPUV.VNULOT@ OITOSVLQMQVPUMMSVGTLINSVKUTV +64V!PQFUVKU@ JTGT"V KUMM?TPOUNQV UV MSV NULOSPOUV HSNOUV . ONSOOUPIOSV JQGUV LQGGSV NTPFUPTUPOUV S OIOOTVCMTVUEEUOOTVKSMM?ULUJIDTQPUBV R <PV JSLQV KTV KI>>TV LIMMSV LILLTLOUPDSV KUT GQOTFTVCTILOTETJSOTVHUNVMSVGSPJSOSVHSNOUJT@ HSDTQPUVSMMSVCSNSAVM?QEEUNUPOUVLTVNTFQMCUN= SMV0TIKTJUAVJ;UVKTLHQNN=VTPVGUNTOQVSMMSVNU@ LOTOIDTQPUVKUMM?TPOUNSVJSIDTQPUVQVNULHTP@ CUN=VMSVNUMSOTFSVKQGSPKSB R 8VPQNGSVKUMM?SNOBV%(V'21V4(+4(+)446VPB &4VM?SCCTIKTJSOSNTQAV:ISMQNSVM?TGGQ>TMU LTVONQFTVPUMMUVJQPKTDTQPTVHNUFTLOUVHUNVTMVNT@ MSLJTQVKUMVHUNGULLQVKTVJQLONITNUVTPVLSPS@ OQNTSAV KQFN=V HNULUPOSNUV SV HNQHNTU ULJMILTFUVLHULUVKQGSPKSVKTVHUNGULLQ TPVLSPSOQNTSAVUPONQV6)4VCTQNPTVKSMMSVPQOT@ ETJSVKUMVKUJNUOQVKTVONSLEUNTGUPOQB R 5QPQVSVJSNTJQVKUMM?SCCTIKTJSOSNTQVOIOOUVMU LHULUVHUNVTMVONSLEUNTGUPOQVKUCMTVTGGQ>TMT PQPJ; V:IUMMUVNUMSOTFUVSMMSVJSPJUMMSDTQPU KUMMSVONSLJNTDTQPUVKUMVHTCPQNSGUPOQVUVKT OIOOUVMUVEQNGSMTO=VJQPVTVNUMSOTFTVJQGHUPLT LHUOOSPOTVSMVHNQEULLTQPTLOSVKUMUCSOQVHUNVMU QHUNSDTQPTVLIJJULLTFUVSMMSVFUPKTOSAVJQGU MT:ITKSOTVKSMV0B9BB R 7SV HI>>MTJTO=AV MUV GQKSMTO=V KTV HNULUPOS@ DTQPUVKUMMUVKQGSPKUVUVMUVJQPKTDTQPTVKUMMS FUPKTOSVLQPQVNUCQMSOUVKSMMUV *QPKTDTQPT CUPUNSMTVTPVGSOUNTSVKTVFUPKTOUVTGGQ>TMTSNT KUMUCSOU VSMMUCSOUVSMVHNULUPOUVSFFTLQB R <MVHNULUPOUV SFFTLQVKTVFUPKTOS VTPVULONSOOQ LSN=VSEETLLQVHNULLQVM?8M>QVKUMM? EETJTQV0TI@ KTDTSNTQVKUMV3NT>IPSMUVKTV7SGUDTSV3UNGUB 7SGUDTSV3UNGUAVM V%VQOOQ>NUV)46)V 83<.57#;228748269<1;3;$967 *-/'< <-/<V09/9187<V</V 8391<8V '<V#9/'<39V< - <7<81<V'9790839 R ISPOQVSMMSVFUPKTOSVLUPDSVTPJSPOQ
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
P 4QTDSNIRMQTQDDRSNSTNSKKOTJMQMOTIRTAQMMOTS IRTIRLRMMOTRNTHGRTRT<SNRTJRTMLODQNO?THONTMGMMS KSTSDSNMGQKRTFSLMRNSNBS?TQHHSJJRONR?TLQ> CRONRTSITQBRONR?TJSLDRM TQMMRDSTSTFQJJRDS@T P 4QT DSNIRMQT 'T QT HOLFOT ST NONT QT ERJGLQ? SDSNMGQKRT IRAASLSNBST IRT ERJGLQT NONT FO> MLQNNOTIQLTKGOCOTQITQKHGNTLRJQLHRESNMO? RNISNNRM;TOTLRIGBRONSTISKTFLSBBO@T P 4QTDSNIRMQTAOLBQMQTNONT'TJOCCSMMQTQKKS NOLESTHONHSLNSNMRTKQTCQLQNBRQTFSLTDRBRTO EQNHQNBQTIRT7GQKRM;?TN TFOML;TSJJSLSTLS> DOHQMQTFSLTQKHGNTEOMRDO@T P (ONJSCGSNMSESNMSTK=SJRJMSNBQTIRTSDSN> MGQKRTDRBR?TEQNHQNBQTIRT7GQKRM;TOTIRAAOLERM; ISKKQTHOJQTDSNIGMQ?TONSLRTIRT7GQKJRQJRTCS> NSLST TRDRTHOEFLSJR?TQITSJSEFRO?T7GSKKR GL<QNRJMRHRTODDSLOTISLRDQNMRTIQKKQTSDSN> MGQKST NSHSJJRM;T IRT QISCGQESNMOT IRT RE> FRQNMRT QKKST KSCCRT DRCSNMR?T JFSJS HONIOERNRQKRT ISKK=QNNOT RNT HOLJOT ST ISK> K=QNNOTFLSHSISNMSTNONTFQCQMSTIQKTIS<R> MOLST T FSLT 7GQKJRQJRT EOMRDOT NON HONJRISLQMR?TQNH:STJSTOHHGKMRTSTHOEGN> 7GSTNONTSDRISNBRQMRTRNTFSLRBRQ?TNONTFO> MLQNNOTIQLTKGOCOTQITQKHGNTLRJQLHRESNMO? RNISNNRM;TOTLRIGBRONSTISKTFLSBBO?TSJJSN> IOJRTIRTHR TMSNGMOTHONMOTNSKKQTDQKGMQBRONS ISRT<SNR@T P 4=REEO<RKSTDRSNSTDSNIGMOTKR<SLOTIQTRJHLR> BRONRTRFOMSHQLRSTSTIQTMLQJHLRBRONRTIRTFRCNO> LQESNMR@T 6KT EOESNMOT ISKKQT DSNIRMQ?T R CLQDQERTSTJQLQNNOTHQNHSKKQMRTQTJFSJSTS HGLQTISKK=QCCRGIRHQMQLRO@ P ,CNRTONSLSTARJHQKSTISLRDQNMSTIQKKQTDSN> IRMQTJQL;TQTHQLRHOTISKK=QCCRGIRHQMQLRO@ P -SLTMGMMOT7GQNMOT7GRTNONTFLSDRJMOTJRTQF> FKRHQNOTKSTDRCSNMRTNOLESTIRTKSCCS@ P 2STK=REEO<RKST'TOHHGFQMOTIQKTIS<RMOLSTO IQTMSLBRTJSNBQTMRMOKO?TKQTKR<SLQBRONSTTJQL; SAASMMGQMQTQTHGLQTISKT(GJMOIST*RGIRBRQLRO@ P GQNMOTQKKQTDSNIRMQTHONTRNHQNMO?TASLES KSTIRJFOJRBRONRTJOFLQTRNIRHQMS?TJSTHOEFQ> MR<RKR?T DQKCONOT KST NOLEST IRT HGRT QCKRT QLMM@ # "?T# 3?T# TST# #TH@F@H@@ P *KRTOAASLSNMRTIODLQNNOTIRH:RQLQLSTKQTFLO> FLRQTLSJRISNBQTNSKT(RLHONIQLROTISKT5LR<G> NQKST IRT 4QESBRQT 5SLEST OT SKSCCSLS IOERHRKROTRNT4QESBRQT5SLES@ P GQNMOTQKKQTDSNIRMQTHONTRNHQNMO P ,CNRTOAASLSNMSTIODL;TISFOJRMQLSTFLSJJO K=6JJOHRQBRONST+OMQLRKST-LOHSIGLST8JS> HGMRDST FLSJJOT RKT 5LR<GNQKST IRT 4QESBRQ 5SLESTSNMLOTKSTOLST0&?33TISKTCROLNOT03TIR> HSE<LST &30&T <GJMQT H:RGJQT HONMSNSNMS IOEQNIQTIRTFQLMSHRFQBRONSTRNTHQLMQTKS> CQKS@ P 4QTIOEQNIQTIODL;THONMSNSLS P Q1>TJSTFSLJONQTARJRHQ T>THOCNOES?TNOES? KGOCOTSTIQMQTIRTNQJHRMQ?THOIRHSTARJHQKS? IOERHRKROTSTLSJRISNBQ?TJMQMOTHRDRKS?TLSHQ> FRMOTMSKSAONRHOTISKTLRH:RSISNMS TRNTHQJOTKO JMSJJOTJRQTHONRGCQMO?TRKTJGOTLSCRESTFQMLR> EONRQKS?THONTRNIRHQBRONST T7GQKOLQTHO> NRGCQMOTRNTLSCRESTIRTHOEGNRONSTKSCQKST ISKKSTCSNSLQKRM;TISKTHONRGCS@T P 6KKQTIOEQNIQTIODLQNNOTSJJSLSTQKKSCQMS HOFRST AOMOJMQMRH:ST IRT GNT DQKRIOT IOHG> ESNMOT IRT RISNMRM;T ST ISKT HOIRHST ARJHQKS .QNH:STISKTHONRGCSTJSTRNTLSCRESTIRTHOEG> NRONSTKSCQKS1@ P GQKOLQT ISMMQT FSLJONQT ARJRHQT IODSJJS FQLMSHRFQLSTRNT7GQKRM;TIRTMRMOKQLSTIRTOEO> NREQTIRMMQTRNIRDRIGQKS?TIODL;TSJJSLSTRNIR> HQMQT KQT FQLMRMQT 9$6T ST QKK=OAASLMQT IODL; SJJSLST QKMLSJ T QKKSCQMQT GNQT LSHSNMST DR> JGLQTHQESLQKSTISKKQTIRMMQTJMSJJQ@ P <1>TJSTJOHRSM;TOTSNMS TIQMRTRISNMRARHQMRDR? RNHKGJQTKQTFQLMRMQT9$6TS)OTHOIRHSTARJHQKS? LSHQFRMOT MSKSAONRHO?T NONH: T NOES?T HO> CNOES?TKGOCOTSTIQMQTIRTNQJHRMQTISKTKSCQKS LQFFLSJSNMQNMS@T P 6KKQTIOEQNIQTIODLQNNOTSJJSLSTQKKSCQMR JRQTGNQTLSHSNMSTDRJGLQTHQESLQKST.IQKKQ 7GQKSTLRJGKMRTKOTJMQMOTISKKQTJOHRSM;TOTSNMS SIT RT FOMSLRT HONASLRMRT QKK=OAASLSNMST RN GIRSNBQ1TJRQTHOFRQTAOMOJMQMRHQTIRTGNTDQKRIO IOHGESNMOTIRTRISNMRM;TIRTISMMOTOAASLSNMS@ P H1>T QJJSCNOT HRLHOKQLST NONT MLQJASLR<RKS FQLRTQKT03 T.IRSHRTFSLTHSNMO1TISKTFLSBBO <QJSTI=QJMQ?TQTMRMOKOTIRTHQGBRONS?TRNMSJMQMO QT NOMQROT *RQNKGHQT -SLLSKKQT FLOHSIGLQ SJSHGMRDQTN@" )30T/@8@ @ P 2RTFLSHRJQTH:STRNTHQJOTIRTEQNHQMQTQCCRG> IRHQBRONS?TISMMOTQJJSCNOTJQL;TLSJMRMGRMO REESIRQMQESNMS@ P ,AASLMSTRNTQGESNMOTIRTGNT7GRNMO P 6T NOLEQT ISKK=QLM@T # T H@F@H@?T QDDSNGMO K=RNHQNMO?TFOJJONOTQNHOLQTSJJSLSTAQMMSTOA> ASLMSTIRTQH7GRJMOTSNMLOTRKTMSLERNSTFSLSNMO> LROTIRT03TCROLNRTIQKKQTCQLQ?TEQTSJJSTNON JONOTSAARHQHRTJSTRKTFLSBBOTOAASLMOTNONTJG> FSLQTIRT0)#T.GNT7GRNMO1T7GSKKOTLQCCRGNMO NSKK=RNHQNMO@ P -SLMQNMOTK=QCCRGIRHQBRONSTIRDSLL;TISARNR> MRDQTISHOLJRT03TCROLNRTJSNBQTOAASLMSTRNTQG>
ESNMO@T %RDSNGMQT ISARNRMRDQT K=QCCRGIRHQ> BRONSTIODL;TSJJSLSTDSLJQMQTNSRTJSJJQNMQ CROLNRTJGHHSJJRDRTKQTIRAASLSNBQTISKTFLSBBO IRTQCCRGIRHQBRONSTESIRQNMSTQJJSCNOTHRL> HOKQLSTNONTMLQJASLR<RKSTRNMSJMQMOTQT NOMQRO *RQNKGHQT -SLLSKKQT FLOHSIGLQT SJSHGMRDQ N@" )30T/@8@ TNONH: TRKTDSNMRTFSLTHSNMO ISKTFLSBBOTIRTQCCRGIRHQBRONSTJSEFLSTES> IRQNMSTQJJSCNOTHRLHOKQLSTNONTMLQJASLR<RKS RNMSJMQMOTQT NOMQROT*RQNKGHQT-SLLSKKQTFLO> HSIGLQT SJSHGMRDQT N@" )30T /@8@ T 7GQKS FLSJGER<RKSTREFOLMOTFSLTJFSJS@ P 5QKRTOAASLMSTFOMLQNNOTSJJSLSTISFOJRMQMS FLSJJOT K=RNIRLRBBOT JOFLQT RNIRHQMO?T NSKKS AOLESTIRTHGRTQKK=QLM@T# 0TH@F@H@?TFLSJMQNIO HQGBRONSTFSLTGNQTJOEEQTFQLRTQKTIOFFRO ISKKQTHQGBRONSTDSLJQMQTFSLTKQTFQLMSHRFQ> BRONST QKK=RNHQNMO@T 9NT HQJOT IRT FLSJSNMQ> BRONST IRT MQKRT OAASLMS?T DSLL;T RNISMMQT GNQ CQLQTJSHONIOTKSTFLSDRJRONRTIRTHGRTQKK=QLM@ # TH@F@H@@ P 2STNSJJGNOTISCKRTOAASLSNMRTRNTQGESNMO FQLMSHRFQTQKKQTCQLQTRNISMMQTQTNOLEQTISK> K=QLM@T# ?THOEEQT ?TH@F@H@?TK=QCCRGIRHQ> BRONST IRDSNMQT ISARNRMRDQT ST DSLL; FLONGNHRQMQTQTHQLRHOTISCKRTOAASLSNMRT.JQKDO H:STLRHOLLQTGNTIOHGESNMQMOTSTCRGJMRARHQMO EOMRDO1TTKQTFSLIRMQTISKKQTHQGBRONS?TRKTHGR REFOLMOT'TMLQMMSNGMOTHOESTLRNDSNRSNMSTQ MGMMRTCKRTSAASMMRTIQKK=SJSHGBRONS@T,CNRTIO> EQNIQT IRT LSJMRMGBRONST ISKKQT HQGBRONS IODL;TSJJSLSTRNIRLRBBQMQTIQCKRTOAASLSNMRTQK *RGIRHSTISKK=8JSHGBRONS@ 6$$92,T%9T$8+%956T *=# ) = <$*= 2*= //* 94T-/, 8229,+9256T%848*65,T # # # -/822, 622,(96 9,+8T+,56/948 -/,(8% /8TT828( 59$8T %9TT46 8 96T58/ 8 -RQBBQTISKKQT/SFG<<KRHQT T4QESBRQT5SLES NSKKQT-LOHSIGLQT8JSHGMRDQTFLOFOJMQTIQT (/8%95,T8 9496+,T2@F@6@ TOLQT * 8/T2@F@6@ $RJMOTRKTFLODDSIRESNMOTIRTISKSCQTQKKQTDSNIRMQ SESJJOTIQKT*RGIRHSTISKK=8JSHGBRONSTISKT5LR<G> NQKST IRT 4QESBRQT 5SLEST RNT IQMQT &&)3 )&33 NSKKQT-LOHSIGLQT8JSHGMRDQTN@T" )0!!!T/@8@T (ONJMQMQMOTH:ST TNONOJMQNMSTJRQNOTQNIQMRTIS> JSLMRTRTFLSHSISNMRTSJFSLRESNMRTIRTDSNIRMQT NON QFFQLST OFFOLMGNOT LRIGLLST GKMSLROLESNMST RK FLSBBOT<QJSTI=QJMQ $RJMOTK=QLM@T#"!TH@F@H@ 6$$926 H:STRNTIQMQ "=0;4</,6<=%')%=:55<=96<=)'1 '1 NSKT -QKQBBOT IRT *RGJMRBRQT IRT 4QESBRQT 5SLES? -RQBBQTISKKQT/SFG<<KRHQ?TFRQNOTFLREOTJSERN> MSLLQMO?TFLSJJOTRTKOHQKRTISKK=6JJOHRQBRONST+OMQ> LRKS?T JRT MSLL;T KQT DSNIRMQT JSNBQT RNHQNMOT ISR JSCGSNMRTREEO<RKR # # # 7=8<66;896;9=0<5=&9/+7<=0;= :( /<.;:= <6/<1= 2<.;97<= ;4:28691= -96( .;97<= ;//9,;5;:6<= !:4<78<= -:68<= 0<5 !:,,6;4:89= -<6= 4; ;5<= :,;8:.;97<1= +,;( 4:89=:55:=&9786:0:=&:-;..:$5;<1=<=-6<( 4;2:/<78<=;5=594:5<=/:$:..;79=:5=-;:79 8<66:= 0<55:= 4972;28<7.:= 4:8:28:5<= 0; / *= ""1''1= 497= ;= 6<5:8; ;= 0;6;88;= 2+55< +98<= 0<;= ,<7;= 49/+7;= 797= 4<72;,;5;
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
4968< = 6;-968:89= 7<5= 4966;2-970<78< &:8:289= :,,6;4:8;=0<5=&9/+7<=0;= :( /<.;:= <6/<1=2<.;97<= ;4:28691=497=5< ;70;4:.;97; !9$5;9= 0;= /:--:= )= -:68;4<55: # 2+,*"1=594:5;8 =&:-;..:$5;<1= ;:79 *1=4:8<$96;:=& %1=45:22<=%1=.97:=4<7(
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
P (GJMOISTCRGIRBRQLROTISCKRTREEO<RKRTJOMMO> FOJMRTQTDSNIRMQT'TRKTCSOE@/O<SLMOT OKR> NQLOTHONTJMGIROTRNT4QESBRQT5SLES?TQKKQ DRQT 2HQLQEGBBRNOT N@0& .MSK@3!" )&!3!31?THGRTMGMMRTCKRTRNMSLSJJQMR FOMLQNNOTLRDOKCSLJRTFSLTDRJRMQLSTRT<SNR@ P 4QT FG<<KRHRM;?T KST EOIQKRM;T IRT FLSJSNMQ> BRONSTISKKSTIOEQNISTSTKSTHONIRBRONRTISKKQ DSNIRMQTJONOTLSCOKQMSTIQKKST (ONIRBRONR CSNSLQKRTRNTEQMSLRQTIRTDSNIRMSTREEO<RKRQLR ISKSCQMS TQKKSCQMSTQKTFLSJSNMSTQDDRJO@ P 9KTFLSJSNMST QDDRJOTIRTDSNIRMQ TRNTSJMLQMMO JQL;TQAARJJOTFLSJJOTK=6K<OTISKK= AARHROT*RG> IRBRQLROTISKT5LR<GNQKSTIRT4QESBRQT5SLES@ 4QESBRQT5SLES?TK T TOMMO<LST&30&T ;5=-69!<22;97;28:=0<5<$:89= " " # !"# ! !" # " !" (,+%9 9,+9T*8+8/649T9+T 658/96T %9T$8+%958T9 , 9496/9T%848*658 3 <=9!!<68<=0;=:4 +;289=09 6:779=<2( 2<6<= -6<2<78:8<= -6<229= 5:= 2294;:( .;97<= 98:6;5<= 694<0+6<= 2<4+8; <=0; :/<.;:= <6/< =;7=,+28:=4 ;+2:=497( 8<7<78<=09/:70:=0;=-:68<4;-:.;97<=;7 4:68:= 5<$:5<1= <7869= 5<= 96<= )%1''= 0<5 $;9679= '=79 </,6<=%')%* P 2GKKQT<GJMQTIODLQNNOTSJJSLSTRNIRHQMSTKS JOKSTCSNSLQKRM;TIRTH:RTFLSJSNMQTK=OAASLMQ? H:STFG TQNH:STSJJSLSTFSLJONQTIRDSLJQ IQKK=OAASLSNMS?T RKT NOEST ISKT CRGIRHST ISK> K=SJSHGBRONS?TRKTNOESTISKTFLOASJJRONRJMQ ISKSCQMO?T KQT IQMQT ISKKQT DSNIRMQT ST RKT NG> ESLOTISKKQTFLOHSIGLQ@T P +SJJGNQTQKMLQTRNIRHQBRONST TN TRKT<SNS FSLTHGRT'TJMQMQTAQMMQTK=OAASLMQTOTQKMLOT TISDS SJJSLSTQFFOJMQTJGKKQT<GJMQ@ P 9KT MSLERNST IRT DSLJQESNMOT ISKT JQKIO FLSBBO?TNONH: TISCKRTGKMSLROLRTONSLR?TIRLRMMR STJFSJSTHONJSCGSNMRTQKKQTDSNIRMQT'TIRT"3 CROLNRTIQKK=QCCRGIRHQBRONSTISARNRMRDQ@ P 4=OAASLMQTIODL;THONMSNSLS T P >T9KTHOCNOES?TNOES?TKGOCOTSTIQMQTIRTNQ> JHRMQ?THOIRHSTARJHQKS?TIOERHRKRO?TJMQMOTHR> DRKS?TLSHQFRMOTMSKSAONRHOTISKTJOCCSMMOTHGR QNIL;TRNMSJMQMOTK=REEO<RKS?TRKT7GQKSTIODL; QNH:ST FLSJSNMQLJRT QKKQT GIRSNBQT ARJJQMQ FSLTKQTDSNIRMQ@ P +ONTJQL;TFOJJR<RKSTRNMSJMQLSTK=REEO<RKS QTJOCCSMMOTIRDSLJOTIQT7GSKKOTH:STJOMMO> JHLRDSTK=OAASLMQ@ P 2STK=OAASLSNMST'THONRGCQMOTSTRNTLSCRESTIR HOEGNRONSTKSCQKSTISRT<SNR?TIODLQNNOTSJ> JSLSTRNIRHQMRTQNH:STRTHOLLRJFONISNMRTIQMR ISKTHONRGCS@T P +SKK=RFOMSJRTIRTQH7GRJMOTQTMRMOKOTFSLJONQKS IQTFQLMSTIRTGNTHONRGCSTRNTLSCRESTIRTHO> EGNRONSTISRT<SNR?TOHHOLLSTFLOIGLLS?TOKMLS QKKQT IRH:RQLQBRONST IRT 7GSJM=GKMREO?T S
QLM@0 !?THO@T0 ?TKSMM@TA?THOIRHSTHRDRKS?T7GSKKQ ISKTHONRGCSTNONTQH7GRLSNMSTIRTHGRTQKT& HO@TISKKQTESISJREQTIRJFOJRBRONSTNOLEQ> MRDQ@ P 9NTHQJOTIRTIRH:RQLQBRONSTFLSJSNMQMQTHON> CRGNMQESNMST IQT FR T JOCCSMMR?T ISDST SJ> JSLSTRNIRHQMOTHOKGRTH:STQ<<RQTK=SJHKGJRDQ AQHOKM;TIRTAOLEGKQLSTSDSNMGQKRTOAASLMSTRN QGESNMO@ P 2ST K=OAASLSNMST 'T ERNOLSNNS?T K=OAASLMQ IODL;TSJJSLSTJOMMOJHLRMMQTIQRTCSNRMOLRTFLS> DRQTQGMOLRBBQBRONSTISKT*RGIRHST5GMSKQLS@ P 2STK=OAASLSNMSTQCRJHST7GQKSTKSCQKSTLQF> FLSJSNMQNMSTIRTQKMLOTJOCCSMMO?TIODL;TSJ> JSLSTQKKSCQMOTHSLMRARHQMOTISKTLSCRJMLOTISKKS REFLSJSTIQTHGRTLRJGKMRNOTRTFOMSLRTODDSLOTKQ FLOHGLQTOTK=QMMOTIRTNOERNQTH:STCRGJMRARH:R RTFOMSLR@T P >T9TIQMRTRISNMRARHQMRDRTISKT<SNSTFSLTRKT7GQKS K=OAASLMQT'TFLOFOJMQ@T P >T 4=RNIRHQBRONST ISKT FLSBBOT OAASLMO?T H:S NONTFOML;TSJJSLSTRNASLROLSTQKTFLSBBOTER> NREOT RNIRHQMOT NSKK=QDDRJOT IRT DSNIRMQ?T Q FSNQTIRTSJHKGJRONS@ P >T4=SJFLSJJQTIRH:RQLQBRONSTIRTQDSLTFLSJO DRJRONSTISKKQTFSLRBRQTIRTJMREQ@ P 6KK=OAASLMQTIODL;TSJJSLSTQKKSCQMQTGNQTAO> MOHOFRQTISKTIOHGESNMOTIRTRISNMRM;TISKK=OA> ASLSNMS?T NONH: T GNT QJJSCNOT HRLHOKQLS NONTMLQJASLR<RKSTRNMSJMQMOTQT NOMQROT QLRO RKQNCRONSTFLOHSIGLQTSJSHGMRDQTN@" )!! /@8@ ?TFSLTGNTREFOLMOTFQLRTQKT03TFSLTHSNMO ISKTFLSBBOTOAASLMO?TQTMRMOKOTIRTHQGBRONS? H:STJQL;TMLQMMSNGMQTRNTHQJOTIRTLRARGMOTISK> K=QH7GRJMO@ P +SJJGNQTJOEEQTJQL;TLRH:RSJMQ?TRNT7GS> JMQTAQJST7GQKSTAONIOTJFSJS@ P 4=OAASLSNMST 'T MSNGMOT QT FLSJSNMQLJRT QK> K=GIRSNBQTJOFLQTRNIRHQMQTIRTFSLJONQ?TOTQ ESBBOTIRTEQNIQMQLROTEGNRMOTIRTFLOHGLQ JFSHRQKST LRJGKMQNMST IQT QMMOT FG<<KRHOT O JHLRMMGLQT FLRDQMQT QGMSNMRHQMQT H:ST IODL; SJJSLSTISFOJRMQMQTHONMSJMGQKESNMSTQKKQ IRH:RQLQBRONSTISKTNOERNQMRDOTISKKQTFSL> JONQ?T IQT SAASMMGQLJRT NSKT MSLERNST IRT HGR QKK=QLM@# @THO@0 ?TH@F@H@@ P 9TFLOHGLQMOLRTKSCQKRTFOJJONOTAQLSTOAASLMS
HUNVHUNLQPSVKSVPQGTPSNUB R =PVJSLQVKTVSEETIKTJSDTQPUAVM?QCCUNUPOUV/ OUPIOQVSMVFUNLSGUPOQVKUMVLSMKQVHNUDDQVU KUEMTVQPUNTAVKTNTOOTVUVLHULUVKTVFUPKTOSVPUM OUNGTPUV TPKTJSOQV TPV QCCUNOSAV QFFUNQAV TP GSPJSPDSAVUPONQV(6VETQNPTVKSMM?SEETIKT@ JSDTQPUVKUCTPTOTFSVGUKTSPOUVKIUVKTLOTPOT SLLUEPTVJTNJQMSNTVPQPVONSLCUNT>TMTVTPOULOSOT SV PQOSTQV )SNTQV TMSPETQPUV HNQJUKINS ULUJIOTFSVPB( *%%V3B9B AVIPQV:ISMUVKTCCU@ NUPDSV HNUDDQV KTV SEETIKTJSDTQPUV UV IPQ HSNTVSMVFUPOTVHUNVJUPOQVKUMVHNUDDQVLOULLQ :ISMUVHNULIGT>TMUVTGHQNOQVHUNVLHULUBV R =PVJSLQVKTVTPSKUGHTGUPOQAVM?SEETIKTJS@ DTQPUV LSN<V NUFQJSOSV UV M?SEETIKTJSOSNTQ HUNKUN<VOIOOUVMUVLQGGUVFUNLSOUBV R =PVJSLQVKTVHT VQCCUNOUVFSMTKUAVLTVHNQJUKUN< SVESNSVLIMMSV>SLUVKUMMSVQCCUNOSVHT VSMOSBV R =MV>UPUVFUNN<VHNQFFTLQNTSGUPOUVSEETIKT@ JSOQVSVJ;TVSFN<VUCCUOOISOQVTMVNTMSPJTQVHT SMOQBV R 7SVFUPKTOSVSFFTUPUVPUMMQVLOSOQVKTVCSOOQVU KTVKTNTOOQVTPVJITVTV>UPTVLTVONQFSPQAVJQPVOIOOU MUVUFUPOISMTVHUNOTPUPDUAVSJJULLTQPTAVNS@ ETQPTVUKVSDTQPTAVLUNFTO VSOOTFUVUVHSLLTFUBV R 7SV FUPKTOSV /V SV JQNHQV UV PQPV SV GTLINSA UFUPOISMTV KTCCUNUPDUV KTV GTLINSV PQPV HQ@ ONSPPQVKSNVMIQEQVSKVSMJIPVNTLSNJTGUPOQA TPKUPPTO<VQVNTKIDTQPUVKUMVHNUDDQBV R 7SVFUPKTOSVCQNDSOSVPQPV/VLQEEUOOSVSMMU PQNGUVJQPJUNPUPOTVMSVESNSPDTSVHUNVFTDTVQ GSPJSPDSVKTV:ISMTO<AVP VHQON<VULLUNUVNU@ FQJSOSVHUNVSMJIPVGQOTFQBV R ,QPLUEIUPOUGUPOUVM?ULTLOUPDSVKTVUFUP@ OISMTVFTDTAVGSPJSPDSVKTV:ISMTO<VQVKTCCQNGTO< KUMMSVJQLSVFUPKIOSAVQPUNTVKTV:ISMLTSLTVEU@ PUNUV VTFTVJQGHNULTAVSKVULUGHTQAV:IUMMT IN>SPTLOTJTVQFFUNQVKUNTFSPOTVKSMMSVUFUP@ OISMUV PUJULLTO<V KTV SKUEISGUPOQV KTV TG@ HTSPOTV SMMUV MUEETV FTEUPOTAV LHULU JQPKQGTPTSMTV KUMM?SPPQV TPV JQNLQV UV KUM@ M?SPPQVHNUJUKUPOUVPQPVHSESOUVKSMVKU>T@ OQNUV V HUNV :ISMLTSLTV GQOTFQV PQP JQPLTKUNSOTAVSPJ;UVLUVQJJIMOTVUVJQGIP@ :IUVPQPVUFTKUPDTSOTVTPVHUNTDTSAVPQPVHQ@ ONSPPQVKSNVMIQEQVSKVSMJIPVNTLSNJTGUPOQA TPKUPPTO<VQVNTKIDTQPUVKUMVHNUDDQAVULLUP@ KQLTVKTVJT VOUPIOQVJQPOQVPUMMSVFSMIOSDTQPU KUTV>UPTBV R 7?TGGQ>TMUVFTUPUVFUPKIOQVMT>UNQVKSVTLJNT@ DTQPTVTHQOUJSNTUVUVKSVONSLJNTDTQPTVKTVHTEPQ@ NSGUPOTBV R 7UVCQNGSMTO<VHNUETIKTDTUFQMTVENSFSPOTVLIM@ M?TGGQ>TMUV ULTLOUPOTV SMV GQGUPOQV KUMMS FUPKTOSV V LSNSPPQV JSPJUMMSOUV SV LHULUV U JINSVKUMM?SEETIKTJSOSNTQB R 5UVM?TGGQ>TMUV/VQJJIHSOQVKSMVKU>TOQNUVQ KSVOUNDTVLUPDSVOTOQMQAVMSVMT>UNSDTQPUVVLSN< UCCUOOISOSVSVJINSVKUMV,ILOQKUV-TIKTDTSNTQB R +EPTVQPUNUVCTLJSMUVKUNTFSPOUVKSMMSVFUP@ KTOSVLSN<VSVJSNTJQVKUMM?SEETIKTJSOSNTQB R .UNVOIOOQV:ISPOQV:ITVPQPVHNUFTLOQVLTVSH@ HMTJSPQVMUVFTEUPOTVPQNGUVKTVMUEEUB R ISPOQVSMMSVFUPKTOSVJQPVTPJSPOQAVCUNGU MUVKTLHQLTDTQPTVLQHNSVTPKTJSOUAVLUVJQGHS@ OT>TMTAV FSMEQPQV MUV PQNGUV KTV JITV SEMTV SNOOB 1 (AV1'6AV1' VUV1'1VJBHBJBB R -MTVQCCUNUPOTVKQFNSPPQVKTJ;TSNSNUVMSVHNQ@ HNTSVNULTKUPDSVPUMV,TNJQPKSNTQVKUMV4NT>I@ PSMUV KTV 7SGUDTSV 4UNGUV QV UMUEEUNU KQGTJTMTQVTPV7SGUDTSV4UNGUB R +CCUNOUVTPVSIGUPOQVKTVIPV:ITPOQ R 8V PQNGSV KUMM?SNOBV 1' V JBHBJBAV SFFUPIOQ M?TPJSPOQAVHQLLQPQVSPJQNSVULLUNUVCSOOUVQC@ CUNOUVKTVSJ:ITLOQVUPONQVTMVOUNGTPUVHUNUPOQ@ NTQVKTV26VETQNPTVKSMMSVESNSAVGSVULLUVPQP LQPQVUCCTJSJTVLUVTMVHNUDDQVQCCUNOQVPQPVLI@ HUNSVKTV2*1V$IPV:ITPOQ#V:IUMMQVNSEETIPOQ PUMM?TPJSPOQB R .UNOSPOQVM?SEETIKTJSDTQPUVKTFUNN<VKUCTPT@ OTFSVKUJQNLTV26VETQNPTVLUPDSVQCCUNOUVTPVSI@ GUPOQBV R &TFUPIOSV KUCTPTOTFSV M?SEETIKTJSDTQPU KQFN<VULLUNUVFUNLSOSVPUTVLULLSPOSVETQNPT LIJJULLTFTVMSVKTCCUNUPDSVKUMVHNUDDQVKTVSE@ ETIKTJSDTQPUVGUKTSPOUVSLLUEPQVJTNJQMSNU PQPVONSLCUNT>TMUVTPOULOSOQVSV PQOSTQV)SNTQ TMSPETQPUVHNQJUKINSVULUJIOTFSVPB( *%% 3B9B VPQPJ; VTMVFUPOTVHUNVJUPOQVKUMVHNUDDQ KTVSEETIKTJSDTQPUVLUGHNUVGUKTSPOUVSL@ LUEPQVJTNJQMSNUVPQPVONSLCUNT>TMUVTPOULOSOQ SV PQOSTQV )SNTQV TMSPETQPUV HNQJUKINS ULUJIOTFSV PB( *%%V 3B9B :ISMUV HNULIGT@ >TMUVTGHQNOQVHUNVLHULUB R 4SMTVQCCUNOUVHQONSPPQVULLUNUVKUHQLTOSOU HNULLQV M?TPKTNTDDQV LQHNSV TPKTJSOQAV PUMMU CQNGUVKTVJITVSMM?SNOBV1 2VJBHBJBAVHNULOSPKQ JSIDTQPUVHUNVIPSVLQGGSVHSNTVSMVKQHHTQ KUMMSVJSIDTQPUVFUNLSOSVHUNVMSVHSNOUJTHS@ DTQPUV SMM?TPJSPOQBV =PV JSLQV KTV HNULUPOS@ DTQPUV KTV OSMTV QCCUNOUAV FUNN<V TPKUOOSV IPS ESNSVLUJQPKQVMUVHNUFTLTQPTVKTVJITVSMM?SNOB 1' VJBHBJBB R 5UVPULLIPQVKUEMTVQCCUNUPOTVTPVSIGUPOQ HSNOUJTHSVSMMSVESNSVTPKUOOSVSVPQNGSVKUM@
M?SNOBV1' AVJQGGSV AVJBHBJBAV R M?SEETIKTJSDTQPUV KTFUPOSV KUCTPTOTFSV U FUNN<VHNQPIPJTSOSVSVJSNTJQVKUEMTVQCCUNUPOT $LSMFQVJ;UVNTJQNNSVIPVKQJIGUPOSOQVUVETI@ LOTCTJSOQV GQOTFQ#V V MSV HUNKTOSV KUMMSV JSI@ DTQPUAV TMV JITV TGHQNOQV /V ONSOOUPIOQV JQGU NTPFUPTUPOUV SV OIOOTV EMTV UCCUOOTV KSMM?ULUJI@ DTQPUBV +EPTV KQGSPKSV KTV NULOTOIDTQPU KUMMSVJSIDTQPUVKQFN<VULLUNUVTPKTNTDDSOS KSEMTVQCCUNUPOTVSMV-TIKTJUVKUMM?9LUJIDTQPUBV 8""=5+V&=V"90&=48 4 1 -11,D C04D :4D#774 =7V.3+ 955=+0=548V&979-84+V .NULLQV 855+,=8 =+09V0+483=79V .3+,9& 39V959, 4="9V&=V78)9 =8 493)9 .TSDDSVKUMMSV3UHI>>MTJSV V7SGUDTSV4UNGU PUMMSV.NQJUKINSV9LUJIOTFSV0BV(6*!66 V3B9B "TLOQVTMVHNQFFUKTGUPOQVKTVKUMUESVSMMSVFUPKTOS UGULLQVKSMV-TIKTJUVKUMM?9LUJIDTQPUVKUMV4NT>I@ PSMUVKTV7SGUDTSV4UNGUVTPVKSOSV!6*6 *!66 AVST LUPLTV KUMM?SNOBV 1%2V >TLV JBHBJBV SV LUEITOQV KT TLOSPDSVKTVFUPKTOSVCQNGIMSOSVKSMV,NUKTOQNUV.NQ@ JUKUPOUV =POUN>SPJSV5BHB8B 3TOUPIOQVPUJULLSNTQVNTCTLLSNUVIPVPIQFQVULHU@ NTGUPOQVKTVFUPKTOSVJQPVMSVNTKIDTQPUVKUMVHNUDDQ >SLUVK?SLOSAVETILOSVSIOQNTDDSDTQPUVKUMV-B9B "TLOQVM?SNOBV1(%VJBHBJB 8""=58 J;UVTPVKSOSV D8A9C7.?CD-1/-DB;;CD@?CD/16116 PUMV .SMSDDQV KTV -TILOTDTSV KTV 7SGUDTSV 4UNGUA .TSDDSVKUMMSV3UHI>>MTJSAVHTSPQVHNTGQVLUGTP@ OUNNSOQAVHNULLQVTVMQJSMTVKUMM?8LLQJTSDTQPUV0QOS@ NTMUAV LTV OUNN<V MSV FUPKTOSV LUPDSV TPJSPOQV KUMMS HTUPSVHNQHNTUO<VKUMVLUEIUPOUVTGGQ>TMU #=D >C??A>@?A@D 8AD $B7C3AB &C?7C6D :C3A@=CD A9B:>?@D B;;BD 'ABD 8C; "?@0?C::@D ;@9B;A> D B?:@7A0;A@
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
PQOSTQ ,+0&= =+0=V-909387=V=0V)8493=8V &=V"90&=49V=))+ =7=83=V&979-849 ISPOQVSMMSVFUPKTOSVLUPDSVTPJSPOQ < $CD@((C?>CD8ADB9 2A:>@D8@'?B==@DC:) :C?CD5?C:C=>B>CDA=D.2:>BD9 A2:BD9@=) >C=C=>CD8@7B=8BD8AD5B?>C9A5B3A@=CDA= 9B?>BD ;C0B;C6D C=>?@D ;CD @?CD /-611D 8C; 0A@?=@D%D8A9C7.?CD-1/-4 R 5IMMSV>ILOSVKQFNSPPQVULLUNUVTPKTJSOUVMU
R R
R R
R R
R
R
R R
R R
R R
R R R
R R
LQMUVEUPUNSMTO<VKTVJ;TVHNULUPOSVM?QCCUNOSA J;UVHI VSPJ;UVULLUNUVHUNLQPSVKTFUNLS KSMM?QCCUNUPOUAV TMV PQGUV KUMV ETIKTJUV KUM@ M?ULUJIDTQPUAVTMVPQGUVKUMVHNQCULLTQPTLOS KUMUESOQAV MSV KSOSV KUMMSV FUPKTOSV UV TMV PI@ GUNQVKUMMSVHNQJUKINSBV 0ULLIPSVSMONSVTPKTJSDTQPUV VP VTMV>UPU HUNVJITV/VLOSOSVCSOOSVM?QCCUNOSVQVSMONQV VKUFU ULLUNUVSHHQLOSVLIMMSV>ILOSB =MV OUNGTPUV KTV FUNLSGUPOQV KUMV LSMKQ HNUDDQAVPQPJ; VKUEMTVIMOUNTQNTVQPUNTAVKTNTOOT UVLHULUVJQPLUEIUPOTVSMMSVFUPKTOSV/VKTV(6 ETQNPTVKSMM?SEETIKTJSDTQPUB 7?QCCUNOSVKQFN<VJQPOUPUNU V @V=MVJQEPQGUAVPQGUAVMIQEQVUVKSOSVKTVPS@ LJTOSAVJQKTJUVCTLJSMUAVKQGTJTMTQAVLOSOQVJT@ FTMUAVNUJSHTOQVOUMUCQPTJQVKUMVLQEEUOOQVJIT SPKN<VTPOULOSOQVM?TGGQ>TMUAVTMV:ISMUVKQFN< SPJ;UV HNULUPOSNLTV SMMSV IKTUPDSV CTLLSOS HUNVMSVFUPKTOSB 0QPVLSN<VHQLLT>TMUVTPOULOSNUVM?TGGQ>TMU SVLQEEUOOQVKTFUNLQVKSV:IUMMQVJ;UVLQOOQ@ LJNTFUVM?QCCUNOSB 5UVM?QCCUNUPOUV/VJQPTIESOQVUVTPVNUETGUVKT JQGIPTQPUVMUESMUVKUTV>UPTAVKQFNSPPQVUL@ LUNUVTPKTJSOTVSPJ;UVTVJQNNTLHQPKUPOTVKSOT KUMVJQPTIEUBV 0UMM?THQOULTVKTVSJ:ITLOQVSVOTOQMQVHUNLQPSMU KSVHSNOUVKTVIPVJQPTIEUVTPVNUETGUVKTVJQ@ GIPTQPUVKUTV>UPTAVQJJQNNUVHNQKINNUAVQMONU SMMSV KTJ;TSNSDTQPUV KTV :IULO?IMOTGQAV U
SNOB2 %AVJQBV2 AVMUOOBVCAVJQKTJUVJTFTMUAV:IUMMS KUMVJQPTIEUVPQPVSJ:ITNUPOUVKTVJITVSMV! JQBVKUMMSVGUKULTGSVKTLHQLTDTQPUVPQNGS@ OTFSB =PVJSLQVKTVKTJ;TSNSDTQPUVHNULUPOSOSVJQP@ ETIPOSGUPOUV KSV HT V LQEEUOOTAV KUFUV UL@ LUNUVTPKTJSOQVJQMITVJ;UVS>>TSVM?ULJMILTFS CSJQMO<VKTVCQNGIMSNUVUFUPOISMTVQCCUNOUVTP SIGUPOQB 5UV M?QCCUNUPOUV /V GTPQNUPPUAV M?QCCUNOS KQFN<VULLUNUVLQOOQLJNTOOSVKSTVEUPTOQNTVHNU@ FTSVSIOQNTDDSDTQPUVKUMV-TIKTJUV4IOUMSNUB 5UVM?QCCUNUPOUVSETLJUV:ISMUVMUESMUVNSH@ HNULUPOSPOUVKTVSMONQVLQEEUOOQAVKQFN<VUL@ LUNUVSMMUESOQVJUNOTCTJSOQVKUMVNUETLONQVKUMMU TGHNULUVKSVJITVNTLIMOTPQVTVHQOUNTVQFFUNQVMS HNQJINSVQVM?SOOQVKTVPQGTPSVJ;UVETILOTCTJ;T TVHQOUNTBV @V=VKSOTVTKUPOTCTJSOTFTVKUMV>UPUVHUNVTMV:ISMU M?QCCUNOSV/VHNQHQLOSBV @V 7?TPKTJSDTQPUV KUMV HNUDDQV QCCUNOQAV J;U PQPVHQON<VULLUNUVTPCUNTQNUVSMVHNUDDQVGT@ PTGQV TPKTJSOQV PUMM?SFFTLQV KTV FUPKTOSAV S HUPSVKTVULJMILTQPUB @V7?ULHNULLSVKTJ;TSNSDTQPUVKTVSFUNVHNULQ FTLTQPUVKUMMSVHUNTDTSVKTVLOTGSB 8MM?QCCUNOSVKQFN<VULLUNUVSMMUESOSVIPSVCQ@ OQJQHTSVKUMVKQJIGUPOQVKTVTKUPOTO<VKUMM?QC@ CUNUPOUAV PQPJ; V IPV SLLUEPQV JTNJQMSNU PQPVONSLCUNT>TMUVTPOULOSOQVSV PQOSTQV-TSP@ MIJSV .UNNUMMSV HNQJUKINSV ULUJIOTFS PB(6*6 V3B9B AVHUNVIPVTGHQNOQVHSNTVSMV26 HUNVJUPOQVKUMVHNUDDQVQCCUNOQAVSVOTOQMQVKT JSIDTQPUAVJ;UVLSN<VONSOOUPIOSVTPVJSLQVKT NTCTIOQVKUMM?SJ:ITLOQB 0ULLIPSVLQGGSVLSN<VNTJ;TULOSAVTPV:IU@ LOSVCSLUV:ISMUVCQPKQVLHULUB 7?QCCUNOSVHNULUPOSOSV/VTNNUFQJS>TMUBV 7?QCCUNUPOUV /V OUPIOQV SV HNULUPOSNLTV SM@ M?IKTUPDSVLQHNSVTPKTJSOSVKTVHUNLQPSAVQVS GUDDQVKTVGSPKSOSNTQVGIPTOQVKTVHNQJINS LHUJTSMUV NTLIMOSPOUV KSV SOOQV HI>>MTJQV Q LJNTOOINSV HNTFSOSV SIOUPOTJSOSV J;UV KQFN< ULLUNUVKUHQLTOSOSVJQPOULOISMGUPOUVSMMS KTJ;TSNSDTQPUVKUMVPQGTPSOTFQVKUMMSVHUN@ LQPSAV KSV UCCUOOISNLTV PUMV OUNGTPUV KTV JIT SMM?SNOB1' BVJQB2 AVJBHBJBB =VHNQJINSOQNTVMUESMTVHQLLQPQVCSNUVQCCUNOU HUNVHUNLQPSVKSVPQGTPSNUB =PVJSLQVKTVSEETIKTJSDTQPUAVM?QCCUNUPOUV/ OUPIOQVSMVFUNLSGUPOQVKUMVLSMKQVHNUDDQVU KUEMTVQPUNTAVKTNTOOTVUVLHULUVKTVFUPKTOSVPUM OUNGTPUV TPKTJSOQV TPV QCCUNOSAV QFFUNQAV TP
N N N N
N
N
N
N N N
N N N
N
N :
N N
N
N
N
N
N
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
N N N
N
N
N
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
N
N
N
N N
N
N
N
N
: N
N
N
I:MJHPLOJPMRCOLHOKMROIIQRIPKP5RLQII:PDMKQGPRHP FEPROIRFPKOKMROJK<R4 $@RFMCCOR @RPIRCOL= HOKMRGDQFPOIQRJPGEIKOLKQRHOROKKMRDE;;IPFM MRGFJPKKEJORDJP?OKOROEKQLKPFOKORHM?J9RQG= GQJQRHQDMGPKOKMRFMLKQGKEOICQLKQROIIORHP= F6POJOAPMLQR HQIR LMCPLOKP?MR HQIIO DQJGMLO@RHORQ>>QKKEOJGPRLQIRKQJCPLQRHPRFEP OII:OJK<R4' @RFMCCOR2@RF<D<F<MBLPRFMLFMJJQLKQ@RDQJRQGGQJQROCCQGGM OII:PLFOLKM@R HQ?QR DJQGQLKOJQR PGKOLAOR HP DOJKQFPDOAPMLQ@RPLRJQBMIORFMLRPIR;MIIM@RJQ= FOLKQ@RORDQLORHPRPLQ>>PFOFPO@RI PLHPFOAPMLQ HQIR LECQJMR HPR J<B<Q<R HQIIOR DJMFQHEJO@R PI ;QLQRMRPIRIMKKMRFEPRI:PGKOLAORGKQGGOR#RJP>Q= JPKO@RPIRDJQAAMRDJMDMGKM@RIQRDJMDJPQRBQLQ= JOIPK9R*LMCQ@RFMBLMCQ@RIEMBMRQRHOKORHP LOGFPKO@RFMHPFQR>PGFOIQ@RJQGPHQLAO HMCP= FPIPM@RGKOKMRFP?PIQRQ@RGQRFMLPEBOKM@RJQBPCQ DOKJPCMLPOIQR>JORPRFMLPEBP5RPLRFOGMRHPRFM= CELPMLQRIQBOIQRHQPR;QLP@RMFFMJJQJ9RPLHP= FOJQROLF6QRIQRBQLQJOIPK9RHQIRFMLPEBQRLML M>>QJQLKQ@ROIR>PLQRHPRDMKQJRKJOG>QJPJQROHRQL= KJOC;P@RDJMR8EMKO@RPIR;QLQ@RPLRFOGMRHPROB= BPEHPFOAPMLQ5R LQII:PDMKQGPR HPR OF8EPGKMR O KPKMIMRDQJGMLOIQRHORDOJKQRHPRELRFMLPEBQRPL JQBPCQRHPRFMCELPMLQRHQPR;QLP@RMFFMJJQ DJMHEJJQ@R MIKJQR OIIOR HPF6POJOAPMLQR HP 8EQGK:EIKPCM@RQ ROJK<R2 $@RFMCCOR2@RIQKK< >@RFMH<RFP?<@R8EQIIORHQIRFMLPEBQRLMLROF8EP= JQLKQRHPRFEPROIRGQFMLHMRFMCCORHQIIORCQ= HQGPCOR HPGDMGPAPMLQR LMJCOKP?O-@ I:QGDJQGGORHPF6POJOAPMLQRHPRO?QJRDJQGMR?P= GPMLQRHQIIORDQJPAPORHPRGKPCO5 I:PGKOLAO@RLQIRFOGMRHPRDJQGQLKOAPMLQRHO DOJKQRHPRELRCPLMJQLLQ@RHM?J9RQGGQJQRGMK= KMGFJPKKOR HOPR BQLPKMJP@R DJQ?POR OEKMJPAAO= APMLQRHQIRBPEHPFQRKEKQIOJQ@RHORHQDMGPKOJQ PLRFMDPORFML>MJCQ5 PLRFOGMRHPRPGKOLAORDJQGQLKOKORFMLBPELKO= CQLKQRHORDP RGMBBQKKP@RHQ?QRQGGQJQRPLHP= FOKMRFMIEPRF6QRO;;PORI:QGFIEGP?OR>OFMIK9RHP >MJCEIOJQRQ?QLKEOIPRM>>QJKQRPLROECQLKM5 LMLRGOJ9RDMGGP;PIQRKJOG>QJPJQRI:PCCM;PIQ ORGMBBQKKMRHP?QJGMRHOR8EQIIMRF6QRGMKKM= GFJP?QRI:PGKOLAO5 OII:PGKOLAORHPRDOJKQFPDOAPMLQRHQ?QRQGGQJQ OIIQBOKOR FMDPOR HPR ?OIPHMR HMFECQLKMR HP PHQLKPK9RHQIRFMLFMJJQLKQRQ@RGQRLQFQGGOJPM@ ?OIPHOR HMFECQLKOAPMLQR FMCDJM?OLKQR P DMKQJPRMRIORIQBPKKPCOAPMLQRHQIIMRGKQGGMR*OH QG<RDJMFEJORGDQFPOIQRMRFQJKP>PFOKMRFOCQ= JOIQRPLRFOGMRHPRGMFPQK9-5 FMLRI:PGKOLAORHPRDOJKQFPDOAPMLQ@RHORDJQ= GQLKOJGPRPLR;EGKORF6PEGO@RGQLAORGQBLPRHP JPFMLMGFPCQLKM@RHQ?QRQGGQJQRHQDMGPKOKM OGGQBLMRFPJFMIOJQRLMLRKJOG>QJP;PIQ@RPLKQ= GKOKMROIIQR "MGKQR7KOIPOLQRG<D<O< @RKJOCPKQ FEPR Q>>QKKEOJQR PIR ?QJGOCQLKMR HQIIOR FOE= APMLQR*QHRPLRFMLKMRDJQAAMRHPROBBPEHPFO= APMLQ-@R PLR JOBPMLQR HPR ELR HQFPCMR HQI DJQAAMR;OGQRH:OGKO5 OII QGKQJLMRHQIIOR;EGKOR?OLLMROLLMKOKP@RO FEJORHQIRFOLFQIIPQJQRJPFQ?QLKQ@RPIRLMCQ@ DJQ?POR PHQLKP>PFOAPMLQ@R HPR F6PR COKQJPOI= CQLKQRDJM??QHQROIRHQDMGPKM@RPIRLMCQRHQI BPEHPFQR HQII QGQFEAPMLQR QR IOR HOKOR HQI= I EHPQLAOR >PGGOKOR DQJR IOR ?QLHPKOR OII:PL= FOLKM5 ORLMJCORHQII:OJK<R4'(RF<D<F<@RPL>OKKP@RO??Q= LEKMRI:PLFOLKM@RDMGGMLMRQGGQJQRDJQGQL= KOKQR M>>QJKQR HPR OF8EPGKMR QLKJMR PIR KQJCPLQ DQJQLKMJPMRHPRHPQFPRBPMJLPRHOIIORBOJO@RCO QGGQRLMLRGMLMRQ>>PFOFPRGQRPIRDJQAAMRM>>QJKM LMLRGEDQJORHPR2 4R8EQIIMRJOBBPELKMRLQI= I:PLFOLKM5RI:OBBPEHPFOAPMLQ@RDQJKOLKM@RHP= ?QJJ9RHQ>PLPKP?ORM?Q@RHQFMJGPRHPQFPRBPMJLP@ LMLRGPOLMRGKOKQRDJQGQLKOKQRM>>QJKQRPLROE= CQLKM5 PLRMBLPRFOGM@RIQRGDQGQRHQIRKJOG>QJPCQLKM FQHMLMRORFOJPFMRHQII:OBBPEHPFOKOJPM@RFEP JQGKOLMRJPGQJ?OKQRIQROKKP?PK9RQHRPRFMGKPRDQJ IORJQBPGKJOAPMLQRQRKJOGFJPAPMLQRHQIRHQFJQKM LMLF6 RDQJRIORFOLFQIIOAPMLQRHQIIQR>MJCO= IPK9RDJQBPEHPAPQ?MIPRBJO?OLKPRGEBIPRPCCM;PIP OF8EPGKOKP5 ;@C?++@>=@CA<CB64@<=?3CBC7@<BC5ACA<B4* 4A88A0A;A= 3C <?<C 5@(?<?C @88@>@C A<+@* >A?>ACB;C& C5@;C7>@--?C0B8@' #RDMGGP;PIQ@RDQJRPRDOJKQFPDOLKPROIIQROGKQ@ MKKQLQJQRCEKEPRORKOGGPRQRFMLHPAPMLPRQFM= LMCPF6QR DJQGKO;PIPKPR HOR MBLPR GPLBMIO ;OLFOROHQJQLKQRDJMKMFMIIMR / 7 RDQJRIO FMLFQGGPMLQRHPRCEKEPROBIPROBBPEHPFOKOJP5 I:QIQLFMRHQIIQR;OLF6QROHQJQLKPROII:PLPAPO= KP?ORDQJRPIR.JP;ELOIQRHPR,OCQAPOR.QJCQR# JQDQJP;PIQRDJQGGMRIOR+OLFQIIQJPO5R BIPR PCCM;PIPR ?QLBMLMR DMGKPR PLR ?QLHPKO LQIIMRGKOKMRHPR>OKKMRQRHPRHPJPKKMRPLRFEPRGPRKJM= ?OLM@R FMG R FMCQR PHQLKP>PFOKP@R HQGFJPKKPR Q ?OIEKOKPRHOII:QGDQJKMRLQIIORJQIOAPMLQ@RFML MBLPRQ?QLKEOIQRGQJ?PK ROKKP?ORQRDOGGP?O PLQJQLKQRQR8EMKQRFMLHMCPLPOIPRJQIOKP?Q5 IOR ?QLHPKOR #R OR FMJDMR QR LMLR OR CPGEJO5 Q?QLKEOIPR HP>>QJQLAQR HPR CPGEJOR LMLR DM= KJOLLMRHOJRIEMBMROHROIFELRJPGOJFPCQLKM@
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
! !7?>-A?<@C5@;C+B00>A9B=? 8A=?CA<C B<C B<,?C #6A<?3C9?8=A=6A=B 5B;; 6<A=BC A44?0A;AB>@C B;C 7AB<?C =@>>B 9?47?8=BC 5BC 6<C ;?9B;@C B5A0A=?C B5 @8@>9A-A?C9?44@>9AB;@C7@>C6<BC867@>* +A9A@C9?47;@88A(BC5AC4#2C/ 311'C>A7?>* =B=?C B;C C 5@;C 7>@5@==?C 9?46<@ 9@<86B>A?CB;C+?,;A?C5AC4B77BC 3C7B>=A* 9@;;BC.113C860B;=@><?C.' ! ! @6>?C!2&! 3%/'
! 7?>-A?<@C 5@;C +B00>A9B=? 8A=?CA<C B<C B<,?C #6A<?3C9?8=A=6A=B 5B;; B77B>=B4@<=?C9 @C8AC8(A;677BC86 56@C;A(@;;A CB;C7AB<?C=@>>BC8AC=>?(B<?C6< 8?,,A?><?3C6<C0B,<?3C6<BC9B4@>B3C;B 969A<B3C6<C>A7?8=A,;A?C@C56@C0B;9?<A'CB; 7>A4?C7AB<?C8AC=>?(B<?C56@C9B4@>@3C6< 0B,<?CA<C9?>8?C5AC9?8=>6-A?<@C@5C6<B =@>>B--BC7@>C6<BC867@>+A9A@C9?47;@8* 8A(BC 5AC 4#2C . )311C 9A>9B3C ?;=>@C BC 4#2 !311C5AC0B;9?<A'C>A7?>=B=?CA<C C5@; 7>@5@==?C9?46<@C9@<86B>A?CB;C+?,;A? 5AC4B77BC 3C7B>=A9@;;BC.113C860B;=@><? /'C ! ! @6>?C/)2%. 3/ ! 7A99?;?CB77@--B4@<=?C5A =@>>@<?C A<C B,>?C 5AC B<C B<,? #6A<?3C >A7?>=B=?C B;C C 5@;C 7>@* 5@==?C 9?46<@C 9@<86B>A?C B;;BC 7B>=A=B .&)&3C+?,;A?C5AC4B77BC 3C7B>=A9@;;BC)))'C ! ! !@6>?C.2&//3./' ! B77@--B4@<=?C5AC=@>>@<? A<C B<C B<,?C #6A<?3C @8=@8?C B2 &2/12)13CB==6B;4@<=@C9?;=A(B=?CB5C6;A* (@=?'C86;C=@>>@<?C8AC=>?(BC6<C+B00>A9B=? >6>B;@C?>4BAC9?47;@=B4@<=@C5A>6=?'CA;
:0::?C C=B8?=:@:?CB;C C9A<C8=A9A::? 7?20;AC7A;40@=B?C@<<@C8@=:B:@C1-)-C&?$ *<B?C 9BC 2@88@C #6C 8@=:B7A<<AC )C !9BC @=A )15)/ 6C+C!9BC @5C35-#5)/ CAC1/C!9BC353/ 'C A0=?C(35(1-6+3' @88A..@2A;:?C9BC:A==A;? B;C @;C @;*?C 0B;?6C A4:A4?C @=A #35%/CAC7?<:B @:?C@C 0A=7A:?C=B8?=:@:? B;C C9A<C8=A9A::?C7?20;AC7A;40@=B? @<<@C8@=:B:@C1-)-C&?*<B?C9BC2@88@C#6C8@=$ :B7A<<AC 11C !9BC @=AC 3"53/ C AC "/C !9BC @=A -%5-/ 'C A0=?C-5/+)6"(' +:S!65*6S9513!9S5303S1 6S:.S 6S 9S+09 :.:03S1 6S.9S,65*:09S9,,:656 9..6S+6 650:S135*: :35:S,65*:09 135S:519503 RIIPSGR@RSP@RJSKENANSPKS GQSA0=? %5-%(6#3CFRJSQKSKNLLNS2EPLLJNCSGQSA0=?C3)5#1(63( FRJSQKSKNLLNSHQM2ERCSGQSA0=?C15-33613 FRJSQKSKNLLN IRQCS GQS A0=?C (35(1-6+3 FRJS QKS KNLLNS IRLLRS RS GQ A0=?C-5/+)6"( FRJSQKSKNLLNSNLLN7SS KR PSFRMPSGQSQMPDDQIIQ;Q> KQL8CS MNMS GR@NMNS RIIRJRS QM?RJQNJQS PK - C 9A< 8=A..?C,@4AC9 @4:@'C O NAMEMNCSPQSIRMIQSGRKK<PJL=S-&(CSHNDDPS/C H=F=H=CSLJPMMRSQKSGR;QLNJRCS)SPDDRIINSP ?NJDEKPJRS N??RJLRS PKK<QMHPMLNS FRJINMPK> DRMLRCSPSDRBBNSGQSDPMGPLPJQNSDEMQLNSGQ FJNHEJPSIFRHQPKRSNSGQSFJNHEJPLNJRSKRAPKRC PMH4RSPSMNJDPSGRKK<PJL=S-&(CSHNDDPS$C H=F=H=S"QKSFJNHEJPLNJRSKRAPKRSGN@J8CSQMSNAMQ HPINCSRIIRJRSDEMQLNSGQSDPMGPLNSIFRHQPKR JQIEKLPMLRSGPSPLLNSFE;;KQHNSNSIHJQLLEJPSFJQ> @PLPSPELRMLQHPLPCSMNMSRIIRMGNSIE??QHQRMLR K<NJGQMPJQNSDPMGPLNSPKKRSKQLQ7SMRKK<QFNLRIQSGQ HEQSPKSHQLPLNSPJL=S-&(CSHNDDPS$CSQKSDPM> GPLNSIFRHQPKRSJQIEKLPMLRSGPSPLLNSFE;;KQHN NSIHJQLLEJPSFJQ@PLPSPELRMLQHPLPSGN@J8SRI> IRJRSGRFNIQLPLNSHNMLRILEPKDRMLRSPKKPSGQ> H4QPJPBQNMRS GRKS MNDQMPLQ@NS GRKKP FRJINMPCSGPSR??RLLEPJIQSMRKSLRJDQMRSGQSHEQ PKK<PJL=S-'$CSHNDDPS/CSH=F=H=# O NAMQSHNMHNJJRMLRCSFRJSRIIRJRSPDDRIIN PKK<QMHPMLNCS GR@RS FJRIRMLPJRS QILPMBPS GQ FPJLRHQFPBQNMRCSQMSJRANKPSHNMSQKS;NKKNCSJR> HPMLRCSPSFRMPSGQSQMR??QHPHQPCSK QMGQHPBQNMR GRKS MEDRJNS GQS J=A=R=S GRKKPS FJNHRGEJPCS QK ;RMRSNSQKSKNLLNSHEQSK<QILPMBPSILRIIPS)SJQ?R> JQLPCSQKSFJRBBNSFJNFNILNCSKRSFJNFJQRSARMR> JPKQL8S"MNDRCSHNAMNDRCSKENANSRSGPLPSGQ MPIHQLPCSHNGQHRS?QIHPKRCSJRIQGRMBP GNDQ> HQKQNCSILPLNSHQ@QKRSRCSIRSHNMQEAPLNCSJRAQDR FPLJQDNMQPKRS?JPSQSHNMQEAQ7SQMSHPINSGQSHN> DEMQNMRSKRAPKRSGRQS;RMQCSNHHNJJRJ8SQMGQ> HPJRSPMH4RSKRSARMRJPKQL8SGRKSHNMQEARSMNM N??RJRMLRCSPKS?QMRSGQSFNLRJSLJPI?RJQJRSPGSRM> LJPD;QCSFJNS2ENLPCSQKS;RMRCSQMSHPINSGQSPA> AQEGQHPBQNMR7S MRKK<QFNLRIQS GQS PH2EQILNS P LQLNKNSFRJINMPKRSGPSFPJLRSGQSEMSHNMQEARSQM JRAQDRSGQSHNDEMQNMRSGRQS;RMQCSNHHNJJR FJNGEJJRCS NKLJRS PKKPS GQH4QPJPBQNMRS GQ 2ERIL<EKLQDNCSR SPJL=S/&(CSHNDDPS/CSKRLL= ?CSHNG=SHQ@=CS2ERKKPSGRKSHNMQEARSMNMSPH2EQ> JRMLRSGQSHEQSPKSIRHNMGNSHNDDPSGRKKPSDR> GRIQDPS GQIFNIQBQNMRS MNJDPLQ@P#C K<RIFJRIIPSGQH4QPJPBQNMRSGQSP@RJSFJRINS@Q> IQNMRSGRKKPSFRJQBQPSGQSILQDP7 O K<QILPMBPCSMRKSHPINSGQSFJRIRMLPBQNMRSGP FPJLRSGQSEMSDQMNJRMMRCSGN@J8SRIIRJRSINL> LNIHJQLLPS GPQS ARMQLNJQCS FJR@QPS PELNJQBBP> BQNMRSGRKSAQEGQHRSLELRKPJRCSGPSGRFNIQLPJR QMSHNFQPSHNM?NJDR7 O QMSHPINSGQSQILPMBPSFJRIRMLPLPSHNMAQEMLP> DRMLRSGPSFQ SINAARLLQCSGR@RSRIIRJRSQMGQ> HPLNSHNKEQSH4RSP;;QPSK<RIHKEIQ@PS?PHNKL8SGQ ?NJDEKPJRSR@RMLEPKQSN??RJLRSQMSPEDRMLN7 O MNMSIPJ8SFNIIQ;QKRSLJPI?RJQJRSK<QDDN;QKR PSINAARLLNSGQ@RJINSGPS2ERKKNSH4RSINLLN> IHJQ@RSK<QILPMBP7 O PKK<QILPMBPSGQSFPJLRHQFPBQNMRSGR@RSRIIRJR PKKRAPLPS HNFQPS GQS @PKQGNS GNHEDRMLNS GQ QGRMLQL8SGRKSHNMHNJJRMLRSRCSIRSMRHRIIPJQNC @PKQGPS GNHEDRMLPBQNMRS HNDFJN@PMLRS Q FNLRJQSNSKPSKRAQLLQDPBQNMRSGRKKNSILRIINS"PG RI=SFJNHEJPSIFRHQPKRSNSHRJLQ?QHPLNSHPDR> JPKRSQMSHPINSGQSINHQRL8#7 O HNMSK<QILPMBPSGQSFPJLRHQFPBQNMRCSGPSFJR> IRMLPJIQSQMS;EILPSH4QEIPCSIRMBPSIRAMQSGQ JQHNMNIHQDRMLNCSGR@RSRIIRJRSGRFNIQLPLN PIIRAMNSHQJHNKPJRSMNMSLJPI?RJQ;QKRCSQMLR> ILPLNSPKKRS NILRS:LPKQPMRSI=F=P= CSLJPDQLR HEQS R??RLLEPJRS QKS @RJIPDRMLNS GRKKPS HPE> BQNMRS"RGSQMSHNMLNSFJRBBNSGQSPAAQEGQHP> BQNMR#CS QMS JPAQNMRS GQS EMS GRHQDNS GRK FJRBBNS;PIRSG<PILP7 O PKK RILRJMNSGRKKPS;EILPS@PMMNSPMMNLPLQCSP HEJPSGRKSHPMHRKKQRJRSJQHR@RMLRCSQKSMNDRC FJR@QPS QGRMLQ?QHPBQNMRCS GQS H4QS DPLRJQPK> DRMLRSFJN@@RGRSPKSGRFNIQLNCSQKSMNDRSGRK AQEGQHRS GRKK RIRHEBQNMRS RS KPS GPLPS GRK> K EGQRMBPS ?QIIPLPS FRJS KPS @RMGQLPS PKK<QM> HPMLN7 O KRS;EILRSIPJPMMNSPFRJLRSPKK EGQRMBPSILP> ;QKQLPS FRJS K<QMHPMLNS PKKPS FJRIRMBPS GRAKQ
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
-40&6 6406;O*69O #9/4(9O,6O*6O 9--69 /#4 4O*10 9O60-90)4;O*69O #9/4(9 ,6O*6O 9--69O/#4 4O-40O60-90)4 P @GMO MAAJ3MGMO BNI@JIJO ?JFKMO MIO BNIEMKL INGGJOFKLKJOEMO5LKKJONOEMOEMHMKKJOMIOCDMOFMOKHJ= BLIJ;O CJF O CJANO MENIKM5MCLKM;O ENFCHMKKMO N BLGDKLKMOELGG2NF?NHKJOINGGLOHNGL>MJIN;OCJI J@IMONBNIKDLGNOFNHBMK OLKKMBLONO?LFFMBL MINHNIKNONO<DJKNOCJIEJAMIMLGMOHNGLKMBN+ P GLO BNIEMKLO O LO CJH?JO NO IJIO LO AMFDHL+ NBNIKDLGMO EM55NHNI>NO EMO AMFDHLO IJIO ?J= KHLIIJOELHOGDJ@JOLEOLGCDIOHMFLHCMANIKJ; MIENIIMK.OJOHMED>MJINOENGO?HN>>J+OGLOBNI= EMKLO 5JH>LKLO IJIO O FJ@@NKKLO LGGNO IJHAN CJICNHINIKMOGLO@LHLI>MLO?NHOBM>MOJOALI= CLI>LOEMO<DLGMK.;OI O?JKH.ONFFNHNOHNBJ= CLKLO ?NHO LGCDIO AJKMBJ: -JIFN@DNIKNANIKNOG2NFMFKNI>LOEMONBNI= KDLGMOBM>M;OALICLI>LOEMO<DLGMK.OJOEM55JHAMK. ENGGLOCJFLOBNIEDKL;OJINHMOEMO<DLGFMLFMO@N= INHNO=OMBMOCJA?HNFM;OLEONFNA?MJ;O<DNGGMODH= 3LIMFKMCMOJBBNHJOENHMBLIKMOELGGLONBNIKDLGN INCNFFMK.O EMO LEN@DLANIKJO EMO MA?MLIKM LGGNO GN@@MO BM@NIKM;O F?NFNO CJIEJAMIMLGM ENGG2LIIJOMIOCJHFJONOENGG2LIIJO?HNCNENIKN IJIO?L@LKNOELGOEN3MKJHNO=O?NHO<DLGFMLFM AJKMBJOIJIOCJIFMENHLKM;OLIC!NOFNOJCCDGKM NOCJADI<DNOIJIONBMENI>MLKMOMIO?NHM>ML; IJIOO?JKHLIIJOELHOGDJ@JOLEOLGCDIOHMFLHCM= ANIKJ;OMIENIIMK.OJOHMED>MJINOENGO?HN>>J; NFFNIEJFMOEMOCM OKNIDKJOCJIKJOINGGLOBLGD= KL>MJINOENMO3NIM+ P G2L@@MDEMCLKLHMJO EJBH.O BNHFLHNO GLO EM55N= HNI>LOENGO?HN>>JO8ENKHLKKLOELGO?HN>>JOEM L@@MDEMCL>MJINOGLOCLD>MJINOEMOCDMOFJ?HL7 NIKHJO DIO KNHAMINO ALFFMAJO EMO FNFFLIKL @MJHIMOELGGLOELKLOEMOL@@MDEMCL>MJINOAN= EMLIKNOLFFN@IJOCMHCJGLHNOIJIOKHLF5NHM3MGN MIKNFKLKJOLO %JFKNO6KLGMLINOF:?:L: O8<DLGJHL MGO?HJCNEMANIKJOFMO5JIEMOFDOCHNEMKJO5JIEML= HMJONOG2L@@MDEMCLKLHMJOIJIOMIKNIELOLBBL= GNHFMO ENGGLO 5LCJGK.O EMO FD3NIKHLHNO ING CJIKHLKKJ;OLGG2LFFN@IJOCMHCJGLHNOFLH.OFJ= FKMKDMKJ;O N O LHK:O ";O CJAALO ;O &:/@F:O " FNKKNA3HNO"'' ;OI:O ;OMGO?L@LANIKJOEM= HNKKJOLGGLO3LICLOCHNEMKHMCN;OINMOGMAMKMOENG CHNEMKJOL>MJILKJO?NHOCL?MKLGN;OMIKNHNFFMON F?NFNOCJIOCJGGJCL>MJINO?HMBMGN@MLKL;ONIKHJ GJOFKNFFJOKNHAMINONOENKHLKKJODIOLCCLIKJ= ILANIKJO ?NHO F?NFNO INGGLO AMFDHLO C!N FLH.OMIEMCLKLOELGO@:N:7+OMIOALICLI>L;OFM ?HJBBNENH.O LO EMC!MLHLHNO GLO ENCLENI>L ELGG2L@@MDEMCL>MJIN;OLOIJHALOENGG2LHK:O
C:?:C:+ P FJGKLIKJOLGG2NFMKJOEN@GMOLENA?MANIKMO?HN= CNENIKM;O ENGGLO ?HJED>MJINO EMO L@@MJHILKM CNHKM5MCLKMOCLKLFKLGMONOEMOL@@MJHILKMOCNHKM5M= CLKMOHNGLKMBMOLGGNOMFCHM>MJIMONOKHLFCHM>MJIMON5= 5NKKDLKNOFDGO3NINOIJIC! OENGO?L@LANIKJ ENGGNO F?NFNO EMO KHLF5NHMANIKJ;O ELO N55NK= KDLHFMOCJIKNFKDLGANIKNOLO<DNGGJOENGGLOEM5= 5NHNI>LO ENGO ?HN>>JO EMO L@@MDEMCL>MJIN; INGGLO AMFDHLO ENGO $ O EMO <DNFK2DGKMAJ; FLH.ONANFFJOMGOENCHNKJOEMOKHLF5NHMANIKJ; LMOFNIFMOENGG2LHK:O OC:?:C:+ /LAN>MLO)NHAN;OG OO :$': $" =E(9:!@A:CB@AE1@9?@!@CB@A
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
8A49:C=DE 4D?@C:;DE 9:CE 7;BC?CE *@8@) :C=DE@:E;DBBCEB@8A5DB;CE?@E*D1D;C!@A:D> D;;AE (A:?AE E 8D:7@;AE C=E &> >E ?D==A 7;D77AE &A49:DE 79=E (A1=@AE ?@E 4C55C :>6+E5CB;@8D==D 0.6<E7D4>ECB,>E8=>3$<ECBDE'>02<EBD??@;A ?A4>ED9BAE/<20<EBD??>EC1B>ED9BAE6</2#E 0.3<E7D4>ECB,>E8=>/$<ECBDE.>32<EBD??@;A ?A4>ED9BAE6<36<EBD??>EC1B>ED9BAE2<0+#E 0./<E5C78A=AE8D75>E8=>6$<ECBDE/>+2<EBD?) ?@;AE ?A4>E D9BAE 2<6/<E BD??>E C1B>E D9BA 2<20> ! $# ! D9BAE6>.2-<02E8NDHJOAMGGNCMI= <DNCNIKJFNKKNOBMH@JGLO<DLHLIKL7 $"! E 6.2<-0E 8NDHJO CNIKJCMI<DLIKL BMH@JGLOFNKKLIKL<DLKKHJ7 !" $# " $ E-.</- 8NDHJOFNKKLIKL= CMI<DNOBMH@JGLOKHNIKLFNKKN7 $ $#" :E;DBB@;AB@AE?D=E&A49:DE?@E A) 8DBCE DB@:D7DE & EC==CE=A8C=@; E DBBC (A:?AE B97;@8AE ?D==CE 795DB(@8@DE 8C;C) 7;C=DE?@ECBDE.->..<ECE1@C8@;9BCE4D?@C) 4D:;DE ?D8=@*DE D?E E BC11@9:1@,@=D 4D?@C:;DE9:CE7;BC?CE*@8@:C=DE@:E;DBBC> :E7;C;AE?@EC,,C:?A:A<E8A:EE5@C:;DE?@ 9=@*AE ?@E D; E 8A45BD7CE ;BCE @E 02E DE @E -2 C::@> D;;AE (A:?AE E 8D:7@;AE C=E &> >E ?D==A 7;D77AE&A49:DE79=E(A1=@AE?@E4C55CE:> 0E5CB;@8D==C //+E D E3+3 5CB;DEDE5B@4CE%2 5CB;D <E9=@) *D;AE8=>3$<ECBDE.->..<EBD??>E?A4>E 9BA /6<36<EBD??>EC1B>ED9BAE32<'6> ! $# ! D9BAE6.>'+6<-3 8NDHJO<DMIEM= CMAMGLJKKJCNIKJFNFFLIKDIJO BMH@JGLO FNKKLIKL= EDN7 $"! E6>.'+<6- 8NDHJOAMGGNCMI<DNCNI= KJJKKLIKLFNMOBMH@JGLOEMCMLFFNKKN7 !" $# " $ E-%/<2%E8NDHJOFNKKNCNI= KJIJBLIKLKHNOBMH@JGLO>NHJIJBN7 $ $#" :E;DBB@;AB@AE?D=E&A49:DE?@E A) 8DBCE DB@:D7DE & EC==CE=A8C=@; E DBBC (A:?AE B97;@8AE ?D==CE 795DB(@8@DE 8C;C) 7;C=DE?@ECBDE./>32<E EBC11@9:1@,@=DE4D) ?@C:;DE 9:CE 7;BC?CE *@8@:C=DE @:E ;DBBC ?D:A4@:C;CE C*9;A > =E79??D;;AE;DBBD:A<E9,@8C;AE@:E5BA77@) 4@; E ?D=E ;BA:8AE C9;A7;BC?C=DE ") &< 5A77@D?DE 9:CE 1@C8@;9BCE ?D8=@*DE 8A: ;BC;;@E7D4@5@C:D11@C:;@EDE*DB7CE@:E7;C;A ?@EC,,C:?A:A<E8A:E5@C:;DE?@E9=@*AE?@ D; E8A45BD7CE;BCE@E02EDE@E-2EC::@> D;;AE ;DBBD:AE E 8D:7@;AE C=E &> >E ?D==A 7;D77AE&A49:DE79=E(A1=@AE?@E4C55CE:> 0E5CB;@8D==C /+<E9=@*D;AE8=>6$<ECBDE./>'2EBD??>E?A4> D9BAE/'<%2<EBD??>EC1B>ED9BAE32<'0> @E(CEB@79=;CBDE8 DE=CE?@((DBD:!CE;BCE=C 795DB(@8@DE8C;C7;C=DEDE 9D==CEBDC=DE E?C @459;CBDEC==CE8@B8A7;C:!CE8 DE=CE5CB;@) 8D==CE/+E E@:8=97CE:D=E @C:AE?@ED75BA) 5B@A E BD?C;;AE ?C== " " E 5DB = C44A?DB:C4D:;AE ?D== "9;A7;BC?C ") &> ! $# ! #D9BAE60>++3<-% 8NDHJO<DLK= KJHEMCMAMGLFNMCNIKJFNFFLIKLEDNOBMH@JGLOFNKKLI= KLIJBN7 $"! E6>0++<3' 8NDHJOAMGGN<DLKKHJCNI= KJFNFFLIKLFNMOBMH@JGLOBNIKJKKJ7 !" $# " $ E-//<60 8NDHJOFNKKNCNI= KJKHNIKLKHNOBMH@JGLO<DLKKJHEMCM7 $ $#" # :E;DBB@;AB@AE?D=E&A49:DE?@E A) 8DBCE DB@:D7DE & EC==CE=A8C=@; E DBBC) D7;BA E(A:?AEB97;@8AE?D==CE795DB(@8@D ?@E C>.>6.>0'<E8A45BD:7@*AE?@E?9DE(C,) ,B@8C;@EB9BC=@E*DB7C:;@E@:E5D77@4DE8A:) ?@!@A:@E ?@E 4C:9;D:!@A:DE D 8A:7DB*C!@A:D> =E79??D;;AE(A:?A<E?@E1@C8@;9BCE?D8=@*D< 5DBE=CE4C11@ABE5CB;DEA8895C;CE?CEC=) ,DB@E?@E9=@*A<E?@ED; E8A45BD7CE;BCE@E02ED @E -2E C::@E *DB7C:;@E @:E 7;C;AE ?@E C,,C:) ?A:A<ED?E EBC11@9:1@,@=DE4D?@C:;DE9:C 7;BC?CE*@8@:C=DE@:E;DBBC> D;;AE (A:?AE E 8D:7@;AE C=E &> >E ?D==A 7;D77AE &A49:DE 79=E (A1=@AE ?@E 4C55C :>0<E5CB;@8D==D ..<E(C,,B@8C;AEB9BC=D<ECBDE6>32#E .'<E(C,,B@8C;AEB9BC=D<ECBDE6>02# .%<E7D4>@BB>ECB,>E8=>3$<ECBDE3+>'2<EBD??> ?A4>ED9BAE6/<6.<EBD??>EC1B>E0<'0# //3E D E 3.3 5CB;DE DE 5B@4CE '% 5CB;D < 9=@*>E8=>3$<ECBDE3->22<EBD??>E?A4>ED9BA 60<+0<EBD??>EC1B>E%<-+# /0.E D E 3+2 5CB;DE DE 5B@4CE E %3 5CB;D < 7D4>@BB>ECB,>E8=>3$<ECBDE/>/.<EBD??>E?A4> D9BAE6<+0<EBD??>EC1B>E2<+6#EE %/<E5C78A=AE8=>6$<ECBDE/<-2<EBD??>E?A4> D9BAE2<3.<EBD??>EC1B>E2<6-# 6/.E D E %% 5CB;D <E 9=@*D;AE 8=>3$<E CBD 6.>02<EBD??>E?A4>ED9BAE'</.<EBD??>EC1B> .<.-#E /0-E D E 3.' 5CB;DE DE 5B@4CE .- ,)5CB;D ?D(>66' <E 9=@*D;AE 8=>3$<E C>/>%+>'2< BD??>E ?A4>E D9BAE 36.<6'<E BD??>E C1B>
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
HOMT KST CQLRST JSLCRN T (IRT QH8GSIONNO?T IR FQJJQDDRO?TJOLDRCS?TIRTTSKSNNLOIONNO?TIRTOH> HGFQBROMS?TSHH@TSHH@,TESDKROTSTFR TISNNQ> DKRQNQESMNSTISJHLRNNSTMSKKQTLSKQBROMSTIR JNREQTQTIRLJR@T P :T<SMRTIRTHGRTJOFLQTJOMOTESDKROTISJHLRNNR MSKKQTLSKQBROMSTIRTJNREQ?TISFOJRNQNQTQDKR QNNRTISKKQTFLOHSIGLQ?TQTARLEQTISKK=SJFSLNO RMD@T)ROCQE<QNNRJNQT/;RLRKKO?TH;STFG TSJ> JSLST HOMJGKNQNQT IQKK=OAASLSMNST (SIT QKKQ 8GQKST JRT AQT SJFLSJJOT LRMCROT QMH;ST FSL NGNNOT HR T H;ST HOMHSLMST K=SJRJNSMBQT IR SCSMNGQKRTOMSLRTSTFSJRTQT8GQKJRQJRTNRNOKO DLQCQMNRT JGRT <SMR,T JGKT JRNOT RMNSLMSN @QJNS@SGDSMRGJ@RNT ST JGT :KT 'OEQMR (7IRBROMST0SDROMQKS,@ P 7=TFOJJR<RKSTH;RSISLSTGMTARMQMBRQESMNO FQLRTQKT 6-&6 TISKTFLSBBOT<QJSTQDKRT:JNR> NGNRTIRTHLSIRNOTH;ST;QMMOTQISLRNOTQKK=RMNSJQ HOMTRKT5LR<GMQKSTIRT4QESBRQT5SLES?TOJJRQ #QMHQT/QLRES?T1QMT+QOKOT:.:>#QMHOTIR *QFOKR?T #QMHQT +OFOKQLST IRT /LONOMS? .OMNSTISRT+QJH;RTIRT1RSMQ?T#QMHQTIRT/Q> NQMBQLO?TQTHGRTFONLQMMOTLRCOKDSLJRTIRLSNNQ> ESMNS@T P :TEGNGRTJQLQMMOTDQLQMNRNRTIQTRFONSHQTIQ RJHLRCSLST JGDKRT JNSJJRT REEO<RKRT FOJNRT RM CSMIRNQ@T P .QDDROLRTRMAOLEQBROMRTFONLQMMOTSJJSLS H;RSJNSTQKKST<QMH;STRMNSLSJJQNS@ P 1STK=OAASLSMNSTMOMTIRCRSMSTQDDRGIRHQNQ> LRO?T KQT HQGBROMST CSLL9T REESIRQNQESMNS LSJNRNGRNQT IOFOT KQT H;RGJGLQT ISKKQT DQLQ? JQKCOTH;STKOTJNSJJOTMOMTQ<<RQTOESJJOTIR FQLNSHRFQLST QKKQT ESISJREQ?T FSLJOMQK> ESMNST OT QT ESBBOT IRT FLOHGLQNOLST JFS> HRQKS?TJSMBQTIOHGESMNQNOTSTDRGJNRARHQNO EONRCO TRMTNQKSTHQJOTKQTHQGBROMST%TLSJNR> NGRNQTJOKOTMSKKQTERJGLQTISRT -26T(MOCSTIS> HRER,T T ISKK=RMNSLOT ST KQT LSJNQMNST FQLNST % NLQNNSMGNQT HOEST JOEEQT LRMCSMRSMNST Q NGNNRTDKRTSAASNNRTIQKK=SJSHGBROMS@T P :MT HQJOT IRT IG<<RT JGKKQT JGJJRJNSMBQT ISR EONRCRTDRGJNRARHQNRTFSLTKQTEQMHQNQTFQLNSHR> FQBROMSTQKKQTDQLQ?TK=OAASLSMNSTJRTLRCOKDSL9 QKT)RGIRHS?TH;STIRJFOLL9TRMTESLRNOTQKKQTLS> JNRNGBROMSTISKK=RMNSLQTHQGBROMSTOTLSJFRM> DSL9TKQTLSKQNRCQTIOEQMIQ@ P 3TMOLEQTISKK=QLN@T$ T'+0T6 -6 - 662TM@ &6TK=QDDRGIRHQNQLRO?T8GQKOLQTK=REEO<RKS JRTNLOCRTMSKKSTHOMIRBROMRTFLSCRJNSTFSLTRKTLR> KQJHROTISKTFSLESJJOTIRTHOJNLGRLSTRMTJQMQ> NOLRQ?T IOCL9T FLSJSMNQLST QT FLOFLRS SJHKGJRCSTJFSJSTIOEQMIQTIRTFSLESJJO RMTJQMQNOLRQ?TSMNLOT2 6TDROLMRTIQKKQTMONR> ARHQTISKTISHLSNOTIRTNLQJASLRESMNO@ P 1OMOTQTHQLRHOTISKK=QDDRGIRHQNQLROTNGNNSTKS JFSJSTFSLTRKTNLQJASLRESMNOTISDKRTREEO<RKR MOMH; T8GSKKSTLSKQNRCSTQKKQTHQMHSKKQBROMS ISKKQTNLQJHLRBROMSTISKTFRDMOLQESMNOTSTIR NGNNSTKSTAOLEQKRN9THOMTRTLSKQNRCRTHOEFSMJR JFSNNQMNRTQKTFLOASJJROMRJNQTISKSDQNOTFSLTKS OFSLQBROMRTJGHHSJJRCSTQKKQTCSMIRNQ?THOES KR8GRIQNRTIQKT)@7@@ P /GJNOISTDRGIRBRQLROTISDKRTREEO<RKRTJONNO> FOJNRTQTCSMIRNQT%TRKTIONN@T Q<ROT.QJJRER> KRQMOT/QMBOMRSLSTHOMTJNGIROTRMT4QESBRQ 5SLES?TQKKQTCRQTISRT.RKKST(NSK@6 &- 2&&!,? HGRTNGNNRTDKRTRMNSLSJJQNRTFONLQMMOTLRCOKDSLJR FSLTCRJRNQLSTRT<SMR@ P 4QT FG<<KRHRN9?T KST EOIQKRN9T IRT FLSJSMNQ> BROMSTISKKSTIOEQMISTSTKSTHOMIRBROMRTISKKQ CSMIRNQTJOMOTLSDOKQNSTIQKKST /OMIRBROMR DSMSLQKRTRMTEQNSLRQTIRTCSMIRNSTREEO<RKRQLR ISKSDQNS TQKKSDQNSTQKTFLSJSMNSTQCCRJO@ P :KTFLSJSMNST QCCRJOTIRTCSMIRNQ TRMTSJNLQNNO JQL9TQAARJJOTFLSJJOTK=3K<OTISKK= AARHROT)RG> IRBRQLROTISKT5LR<GMQKSTIRT4QESBRQT5SLES@ 4QESBRQT5SLES?TK T2 TONNO<LST 62 TT 93<-68#;22985924:</;3;*:48< /"*': :"*:T)7*7034:T:*T.3570:3T':T 7*':57T:.."#:4:30:T'747)357 7 ;<8##;64;</9<:1 ,9248</8 6:558<;2 2;6;<-6;2;54:4;<95<+,24:<1 9,2:<185 4;5;54;</8.:5/:</9<-:64;19-:'985;<95 1:64:< 3;*:3;0< ;5468< 3;< 86;< )%0$$< /;3 *98658< </91;.+6;<%$)%( P 1GKKQT<GJNQTIOCLQMMOTSJJSLSTRMIRHQNSTKS JOKSTDSMSLQKRN9TIRTH;RTFLSJSMNQTK=OAASLNQ? H;STFG TQMH;STSJJSLSTFSLJOMQTIRCSLJQ IQKK=OAASLSMNS?T RKT MOEST ISKT DRGIRHST ISK> K=SJSHGBROMS?TRKTMOESTISKTFLOASJJROMRJNQ ISKSDQNO?T KQT IQNQT ISKKQT CSMIRNQT ST RKT MG> ESLOTISKKQTFLOHSIGLQ@T P *SJJGMQTQKNLQTRMIRHQBROMST TM TRKT<SMS FSLTHGRT%TJNQNQTAQNNQTK=OAASLNQTOTQKNLOT TISCS SJJSLSTQFFOJNQTJGKKQT<GJNQ@ P :KT NSLERMST IRT CSLJQESMNOT ISKT JQKIO FLSBBO?TMOMH; TISDKRTGKNSLROLRTOMSLR?TIRLRNNR STJFSJSTHOMJSDGSMNRTQKKQTCSMIRNQT%TIRT 6 DROLMRTIQKK=QDDRGIRHQBROMSTISARMRNRCQ@ P 4=OAASLNQTIOCL9THOMNSMSLS T P >T:KTHODMOES?TMOES?TKGODOTSTIQNQTIRTMQ> JHRNQ?THOIRHSTARJHQKS?TIOERHRKRO?TJNQNOTHR>
P P
P
P
P P
P P
P P
P P
P P
P P P P
P
P
P
CRKS?TLSHQFRNOTNSKSAOMRHOTISKTJODDSNNOTHGR QMIL9TRMNSJNQNOTK=REEO<RKS?TRKT8GQKSTIOCL9 QMH;ST FLSJSMNQLJRT QKKQT GIRSMBQT ARJJQNQ FSLTKQTCSMIRNQ@ *OMTJQL9TFOJJR<RKSTRMNSJNQLSTK=REEO<RKS QTJODDSNNOTIRCSLJOTIQT8GSKKOTH;STJONNO> JHLRCSTK=OAASLNQ@ 1STK=OAASLSMNST%THOMRGDQNOTSTRMTLSDRESTIR HOEGMROMSTKSDQKSTISRT<SMR?TIOCLQMMOTSJ> JSLSTRMIRHQNRTQMH;STRTHOLLRJFOMISMNRTIQNR ISKTHOMRGDS@T *SKK=RFONSJRTIRTQH8GRJNOTQTNRNOKOTFSLJOMQKS IQTFQLNSTIRTGMTHOMRGDSTRMTLSDRESTIRTHO> EGMROMSTISRT<SMR?TOHHOLLSTFLOIGLLS?TOKNLS QKKQT IRH;RQLQBROMST IRT 8GSJN=GKNREO?T S QLN@2 ?THO@T2 ?TKSNN@TA?THOIRHSTHRCRKS?T8GSKKQ ISKTHOMRGDSTMOMTQH8GRLSMNSTIRTHGRTQKT HO@TISKKQTESISJREQTIRJFOJRBROMSTMOLEQ> NRCQ@ :MTHQJOTIRTIRH;RQLQBROMSTFLSJSMNQNQTHOM> DRGMNQESMNST IQT FR T JODDSNNR?T ISCST SJ> JSLSTRMIRHQNOTHOKGRTH;STQ<<RQTK=SJHKGJRCQ AQHOKN9TIRTAOLEGKQLSTSCSMNGQKRTOAASLNSTRM QGESMNO@ 1ST K=OAASLSMNST %T ERMOLSMMS?T K=OAASLNQ IOCL9TSJJSLSTJONNOJHLRNNQTIQRTDSMRNOLRTFLS> CRQTQGNOLRBBQBROMSTISKT)RGIRHST5GNSKQLS@ 1STK=OAASLSMNSTQDRJHST8GQKSTKSDQKSTLQF> FLSJSMNQMNSTIRTQKNLOTJODDSNNO?TIOCL9TSJ> JSLSTQKKSDQNOTHSLNRARHQNOTISKTLSDRJNLOTISKKS REFLSJSTIQTHGRTLRJGKNRMOTRTFONSLRTOCCSLOTKQ FLOHGLQTOTK=QNNOTIRTMOERMQTH;STDRGJNRARH;R RTFONSLR@T >T:TIQNRTRISMNRARHQNRCRTISKT<SMSTFSLTRKT8GQKS K=OAASLNQT%TFLOFOJNQ@T >T 4=RMIRHQBROMST ISKT FLSBBOT OAASLNO?T H;S MOMTFONL9TSJJSLSTRMASLROLSTQKTFLSBBOTER> MREOT RMIRHQNOT MSKK=QCCRJOT IRT CSMIRNQ?T Q FSMQTIRTSJHKGJROMS@ >T4=SJFLSJJQTIRH;RQLQBROMSTIRTQCSLTFLSJO CRJROMSTISKKQTFSLRBRQTIRTJNREQ@ 3KK=OAASLNQTIOCL9TSJJSLSTQKKSDQNQTGMQTAO> NOHOFRQTISKTIOHGESMNOTIRTRISMNRN9TISKK=OA> ASLSMNS?T MOMH; T GMT QJJSDMOT HRLHOKQLS MOMTNLQJASLR<RKSTRMNSJNQNOTQT MONQROT.QLRO #RKQMDROMSTFLOHSIGLQTSJSHGNRCQTM@$$- 2 0@7@ ?TFSLTGMTREFOLNOTFQLRTQKT26TFSLTHSMNO ISKTFLSBBOTOAASLNO?TQTNRNOKOTIRTHQGBROMS? H;STJQL9TNLQNNSMGNQTRMTHQJOTIRTLRARGNOTISK> K=QH8GRJNO@ *SJJGMQTJOEEQTJQL9TLRH;RSJNQ?TRMT8GS> JNQTAQJST8GQKSTAOMIOTJFSJS@ 4=OAASLSMNST %T NSMGNOT QT FLSJSMNQLJRT QK> K=GIRSMBQTJOFLQTRMIRHQNQTIRTFSLJOMQ?TOTQ ESBBOTIRTEQMIQNQLROTEGMRNOTIRTFLOHGLQ JFSHRQKST LRJGKNQMNST IQT QNNOT FG<<KRHOT O JHLRNNGLQT FLRCQNQT QGNSMNRHQNQT H;ST IOCL9 SJJSLSTISFOJRNQNQTHOMNSJNGQKESMNSTQKKQ IRH;RQLQBROMSTISKTMOERMQNRCOTISKKQTFSL> JOMQ?T IQT SAASNNGQLJRT MSKT NSLERMST IRT HGR QKK=QLN@!& @THO@2 ?TH@F@H@@ :TFLOHGLQNOLRTKSDQKRTFOJJOMOTAQLSTOAASLNS FSLTFSLJOMQTIQTMOERMQLS@ :MTHQJOTIRTQDDRGIRHQBROMS?TK=OAASLSMNST% NSMGNOTQKTCSLJQESMNOTISKTJQKIOTFLSBBOTS ISDKRTOMSLR?TIRLRNNRTSTJFSJSTIRTCSMIRNQTMSK NSLERMST RMIRHQNOT RMT OAASLNQ?T OCCSLO?T RM EQMHQMBQ?TSMNLOT 6TDROLMRTIQKK=QDDRGIR> HQBROMSTISARMRNRCQTESIRQMNSTIGSTIRJNRMNR QJJSDMRTHRLHOKQLRTMOMTNLQJASLR<RKRTRMNSJNQNR QT MONQROT .QLROT #RKQMDROMST FLOHSIGLQ SJSHGNRCQTM@$$- 2T0@7@ ?TGMOT8GQKSTIRAAS> LSMBQT FLSBBOT IRT QDDRGIRHQBROMST ST GMO FQLRTQKTCSMNRTFSLTHSMNOTISKTFLSBBOTJNSJJO 8GQKSTFLSJGER<RKSTREFOLNOTFSLTJFSJS@T :MTHQJOTIRTRMQISEFRESMNO?TK=QDDRGIRHQ> BROMST JQL9T LSCOHQNQT ST K=QDDRGIRHQNQLRO FSLISL9TNGNNSTKSTJOEESTCSLJQNS@T :MTHQJOTIRTFR TOAASLNSTCQKRIS?TJRTFLOHSISL9 QTDQLQTJGKKQT<QJSTISKKQTOAASLNQTFR TQKNQ@T :KT<SMSTCSLL9TFLOCCRJOLRQESMNSTQDDRGIR> HQNOTQTH;RTQCL9TSAASNNGQNOTRKTLRKQMHROTFR QKNO@T 4QTCSMIRNQTQCCRSMSTMSKKOTJNQNOTIRTAQNNOTS IRTIRLRNNOTRMTHGRTRT<SMRTJRTNLOCQMO?THOMTNGNNS KSTSCSMNGQKRTFSLNRMSMBS?TQHHSJJROMR?TLQ> DROMRTSITQBROMR?TJSLCRN TQNNRCSTSTFQJJRCS@T 4QT CSMIRNQT %T QT HOLFOT ST MOMT QT ERJGLQ? SCSMNGQKRT IRAASLSMBST IRT ERJGLQT MOMT FO> NLQMMOTIQLTKGODOTQITQKHGMTLRJQLHRESMNO? RMISMMRN9TOTLRIGBROMSTISKTFLSBBO@T 4QTCSMIRNQTAOLBQNQTMOMT%TJODDSNNQTQKKS MOLESTHOMHSLMSMNRTKQTDQLQMBRQTFSLTCRBRTO EQMHQMBQTIRT8GQKRN9?TM TFONL9TSJJSLSTLS> COHQNQTFSLTQKHGMTEONRCO@T /OMJSDGSMNSESMNSTK=SJRJNSMBQTIRTSCSM> NGQKRTCRBR?TEQMHQMBQTIRT8GQKRN9TOTIRAAOLERN9 ISKKQTHOJQTCSMIGNQ?TOMSLRTIRT8GQKJRQJRTDS> MSLST TRCRTHOEFLSJR?TQITSJSEFRO?T8GSKKR GL<QMRJNRHRTOCCSLOTISLRCQMNRTIQKKQTSCSM> NGQKST MSHSJJRN9T IRT QISDGQESMNOT IRT RE> FRQMNRT QKKST KSDDRT CRDSMNR?T JFSJS HOMIOERMRQKRT ISKK=QMMOT RMT HOLJOT ST ISK> K=QMMOTFLSHSISMNSTMOMTFQDQNSTIQKTIS<R> NOLST T FSLT 8GQKJRQJRT EONRCOT MOM
P P P
P P P
P
P P
P
P
P
HOMJRISLQNR?TQMH;STJSTOHHGKNRTSTHOEGM> 8GSTMOMTSCRISMBRQNRTRMTFSLRBRQ?TMOMTFO> NLQMMOTIQLTKGODOTQITQKHGMTLRJQLHRESMNO? RMISMMRN9TOTLRIGBROMSTISKTFLSBBO?TSJJSM> IOJRTIRTHR TNSMGNOTHOMNOTMSKKQTCQKGNQBROMS ISRT<SMR@T )KRT REEO<RKRT CSMDOMOT CSMIGNRT KR<SLRT IQ NGNNSTKSTAOLEQKRN9TFLSDRGIRBRSCOKR@T 4STAOLEQKRN9TDLQCQMNRTJGDKRTREEO<RKRTJQ> LQMMOTHQMHSKKQNSTQTHGLQTSTJFSJSTISKK=QD> DRGIRHQNQLRO@ 1STDKRTREEO<RKRTJOMOTOHHGFQNRTIQKTIS<R> NOLSTOTIQTNSLBRTJSMBQTNRNOKO?TKQTKR<SLQBROMS JQL9TSAASNNGQNQTQTHGLQTISKT/GJNOIST)RGIR> BRQLRO@ "DMRTOMSLSTARJHQKSTISLRCQMNSTIQKKQTCSM> IRNQTJQL9TQTHQLRHOTISKK=QDDRGIRHQNQLRO@ +SLTNGNNOT8GQMNOT8GRTMOMTFLSCRJNOTJRTQF> FKRHQMOTKSTCRDSMNRTMOLESTIRTKSDDS@ GQMNOTQKKQTCSMIRNQTHOMTRMHQMNO?TASLES KSTIRJFOJRBROMRTJOFLQTRMIRHQNS?TJSTHOEFQ> NR<RKR?T CQKDOMOT KST MOLEST IRT HGRT QDKRT QLNN@ ! ?T!&6?T!&$TST!&!TH@F@H@@ )KRTOAASLSMNRTIOCLQMMOTIRH;RQLQLSTKQTFLO> FLRQTLSJRISMBQTMSKT/RLHOMIQLROTISKT5LR<G> MQKST IRT 4QESBRQT 5SLEST OT SKSDDSLS IOERHRKROTRMT4QESBRQT5SLES@ "AASLNSTRMTQGESMNOTIRTGMT8GRMNO 3T MOLEQT ISKK=QLN@T !&$T H@F@H@?T QCCSMGNO K=RMHQMNO?TFOJJOMOTQMHOLQTSJJSLSTAQNNSTOA> ASLNSTIRTQH8GRJNOTSMNLOTRKTNSLERMSTFSLSMNO> LROTIRT26TDROLMRTIQKKQTDQLQ?TEQTSJJSTMOM JOMOTSAARHQHRTJSTRKTFLSBBOTOAASLNOTMOMTJG> FSLQTIRT2-!T(GMT8GRMNO,T8GSKKOTLQDDRGMNO MSKK=RMHQMNO@ +SLNQMNOTK=QDDRGIRHQBROMSTIRCSLL9TISARMR> NRCQTISHOLJRT26TDROLMRTJSMBQTOAASLNSTRMTQG> ESMNO@T 'RCSMGNQT ISARMRNRCQ K=QDDRGIRHQBROMST IOCL9T SJJSLST CSLJQNQ MSRT JSJJQMNQT DROLMRT JGHHSJJRCRT KQT IRAAS> LSMBQTISKTFLSBBOTIRTQDDRGIRHQBROMSTES> IRQMNSTQJJSDMOTHRLHOKQLSTMOMTNLQJASLR<RKS RMNSJNQNOTQT MONQROT.QLROT#RKQMDROMSTFLO> HSIGLQTSJSHGNRCQTM@$$- 2T0@7@ TMOMH; TRK CSMNRTFSLTHSMNOTISKTFLSBBOTIRTQDDRGIRHQ> BROMSTJSEFLSTESIRQMNSTQJJSDMOTHRLHO> KQLST MOMT NLQJASLR<RKST RMNSJNQNOT QT MONQRO .QLROT #RKQMDROMST FLOHSIGLQT SJSHGNRCQ M@$$- 2T0@7@ T8GQKSTFLSJGER<RKSTREFOLNO FSLTJFSJS@ 5QKRTOAASLNSTFONLQMMOTSJJSLSTISFOJRNQNS FLSJJOT K=RMIRLRBBOT JOFLQT RMIRHQNO?T MSKKS AOLESTIRTHGRTQKK=QLN@T! 2TH@F@H@?TFLSJNQMIO HQGBROMSTFSLTGMQTJOEEQTFQLRTQKTIOFFRO ISKKQTHQGBROMSTCSLJQNQTFSLTKQTFQLNSHRFQ> BROMST QKK=RMHQMNO@T :MT HQJOT IRT FLSJSMNQ> BROMST IRT NQKRT OAASLNS?T CSLL9T RMISNNQT GMQ DQLQTJSHOMIOTKSTFLSCRJROMRTIRTHGRTQKK=QLN@ !&$TH@F@H@@ 1STMSJJGMOTISDKRTOAASLSMNRTRMTQGESMNO FQLNSHRFQTQKKQTDQLQTRMISNNQTQTMOLEQTISK> K=QLN@T!&$?THOEEQT ?TH@F@H@?TK=QDDRGIRHQ> BROMST IRCSMNQT ISARMRNRCQT ST CSLL9 FLOMGMHRQNQTQTHQLRHOTISDKRTOAASLSMNRT(JQKCO H;STLRHOLLQTGMTIOHGESMNQNOTSTDRGJNRARHQNO EONRCO,TTKQTFSLIRNQTISKKQTHQGBROMS?TRKTHGR REFOLNOT%TNLQNNSMGNOTHOESTLRMCSMRSMNSTQ NGNNRTDKRTSAASNNRTIQKK=SJSHGBROMS@T"DMRTIO> EQMIQT IRT LSJNRNGBROMST ISKKQT HQGBROMS IOCL9TSJJSLSTRMIRLRBBQNQTIQDKRTOAASLSMNRTQK )RGIRHSTISKK=7JSHGBROMS@T
3 :1"T':T 7*':53 (<)$ ) "< ;*(< 2(< ..( :KTFLOASJJROMRJNQTISKSDQNOT +LSJJOT 311"/:3 :"*7T*"530:47T +0"/7' 07T717/ 5: 7T ':T43.7 :3T570.7T +RQBBQTISKKQT0SFG<<KRHQ MSKKQTFLOHSIGLQTSJSHGNRCQTFLOFOJNQ IQT /07':5"T7.:4:3*"T1@+@3@ OLQT ) #70T1@F@3@ RJNOTRKTFLOCCSIRESMNOTIRTISKSDQTQKKQTCSMIRNQ SESJJOTIQKTDRGIRHSTISKK=SJSHGBROMSTISKT5LR<G> MQKST IRT 4QESBRQT 5SLEST RMT IQNQT 26-6 - 66 MSKKQTFLOHSIGLQTM@T26 - &T0@7@ /OMJRISLQNOT H;ST T MOMOJNQMNST JRQMOT QMIQNR ISJSLNRTRTFLSHSISMNRTSJFSLRESMNRTIRTCSMIRNQT MOMTQFFQLSTOFFOLNGMOTLRIGLLSTGKNSLROLESMNSTRK FLSBBOT<QJS RJNOTK=QLN@T! TH@F@H@ 3 :13 H;STRMTIQNQT) </91;.+6;<%$)%<:33;<86;<))0$$0 MSKT +QKQBBOT IRT )RGJNRBRQT IRT 4QESBRQT 5SLES? +RQBBQTISKKQT0SFG<<KRHQ?TFRQMOTFLREOTJSERM> NSLLQNO?TFLSJJOTRTKOHQKRTISKK=3JJOHRQBROMST*ONQ> LRKS?TJRTNSLL9TKQTCSMIRNQTHOMTRMHQMNOTISRTJSDGSMNR REEO<RKR 5< :.;'9:< ;6.;0<2;'985;< 9 1:24680<-86'985;<9..8+939:6;<#:1;54;
-:64;</;3<#:++691:48<-8248<:33:< 9:</;3 68*6;228< 381:394 < ;.95:698 0<;<-6; 192:.;54;<3 :--:64:.;548<,+91:48<:3 -9:58<-69.80<<18.-8248</:<95*6;2280 1,195:0< 28**986580< /,;< 1:.;6;0< /,; +:*59< ;< 46;< +:318590< -;6< 18.-3;229 9 . (< )!&0& < 1961:0< 8346;< . (< %0!&< /9 +:31859<;/<,5:<28##944:<-6:491:+93;</9 -;6495;5':</9<. (< 0!" < 8346;<:3<6;3:49 8</969448<2,33;< ,84;</;9 +;59<18.,59<585<1;529+939 69-864:48<5;3< :4:248< :++691:49<185<3; 2;*,;549<95/91:'9859 #8*398< /9< .:--:< !"< -:6491;33: ) & 2,+(!0< 18546:/:< ;.95:698< 8**9 9:< /;3< 68*6;228 0< -9:58< ) 0< < '85: 1;52,:69:<& 0<1:4;*869:< 0<13:22;<,0 1852924;5':< :59< 0<6;5/94:<1:4:24:3; ;,68< $ 0% ( <""()"&0%! (SGLOTONNQMNONNO> ERKQHSMNONNQMNQ8GQNNLOTCRLDOKQTCSMNRHRM8GS, <"(")"0&% (SGLOTONNOERKQONNOHSM> NOIRHRONNOTCRLDOKQT8GQLQMNQIGS,T <<&(&$ 0%) (SGLOT8GQN> NLOERKQ8GQNNLOHSMNOMOCSTCRLDOKQTCSMNGMO, 5< :.;'9:< ;6.;0<2;'985;< 9 1:24680<-86'985;<9..8+939:6;<#:1;54; -:64;</;3<#:++691:48<-8248<:33:< 9:</;3 68*6;228< 381:394 < ;.95:698 0<;<-6; 192:.;54;<93<381:3;<.:*:''958<:3<-9:58 4;66:</;33:<2,-;6#919;<18.-3;229 :</9 . (<)&&0$) 8346;<:3<6;3:49 8</969448<2,33;< ,84;</;9 +;59<18.,59<585<1;529+939 69-864:48<5;3< :4:248< :++691:49<185<3; 2;*,;549<95/91:'9859 #8*398< /9< .:--:< !"< -:6491;33: ) & 2,+( 018546:/:< ;.95:698< 8**9 9:</;3< 68*6;228 0<<'85:<1;52,:69:<) 0 1:4;*869:< %0< 13:22;< %0< 1852924;5': . (< )% 0$$0< 6;5/94:< 1:4:24:3;< < ;,68 &""0$!( <& ()) 0 (SGLOT8GQLQMNQ> JSNNSERKQHSMNONLSIRHRTCRLDOKQTJSNNQMNQJSR, <&( ))0 (SGLOT8GQNNLOERKQJSN> NSHSMNOGMIRHRTCRLDOKQTNLSMNQJSNNS,TTTTTTTT <%( !!0 (SGLOTIGSER> KQNLSHSMNOHRM8GQMNQHRM8GSTCRLDOKQTJSJJQMNQ> MOCS, P )KRT REEO<RKRT CSMDOMOT FOJNRT RMT CSMIRNQ MSKKOT JNQNOT IRT AQNNOT ST IRT IRLRNNOT RMT HGR ODMGMOTJRTNLOCQ?TJSMBQTQKHGMQTDQLQMBRQ FSLTSCRBROMS?TEOKSJNRSTSTFLSNSJSTIRTSCSM> NGQKRTHOMIGNNOLR THOMTDKRTQHHSJJOLR?TIRFSM> ISMBS?T FSLNRMSMBS?T JSLCRN T QNNRCST S FQJJRCST SJRJNSMNRT ST IRLRNNRT FLOFOLBROMQKR JGKKSTFQLNRTISKK=SIRARHROTH;STISCOMOTLRNS> MSLJRTHOEGMRTQTMOLEQTIRTKSDDST(SITSCSM> NGQKSTLSDOKQESMNOTIRTHOMIOERMRO,@ P :T<SMRTIRTHGRTJOFLQTJOMOTESDKROTISJHLRNNR MSKKQTLSKQBROMSTIRTJNREQ?TISFOJRNQNQTQDKR QNNRTISKKQTFLOHSIGLQ?TQTARLEQTISKK=SJFSLNO RMD@T'QCRIST)QE<QLONNR?TH;STFG TSJJSLS HOMJGKNQNQTIQKK=OAASLSMNS?TSITQKKQT8GQKSTJR AQTSJFLSJJOTLRMCROTQMH;STFSLTNGNNOTHR TH;S HOMHSLMSTK=SJRJNSMBQTIRTSCSMNGQKRTOMSLRTS FSJRTQT8GQKJRQJRTNRNOKOTDLQCQMNRTJGRT<SMR? JGKTJRNOTRMNSLMSNT @QJNS@SGDSMRGJ@RNTS JGT :KT'OEQMR T(7IRBROMST0SDROMQKS,@ P 7=TFOJJR<RKSTH;RSISLSTGMTARMQMBRQESMNO FQLRTQKT 6-&6 TISKTFLSBBOT<QJSTQDKRT:JNR> NGNRTIRTHLSIRNOTH;ST;QMMOTQISLRNOTQKK=RMNSJQ HOMTRKT5LR<GMQKSTIRT4QESBRQT5SLES?TOJJRQ #QMHQT/QLRES?T1QMT+QOKOT:.:>#QMHOTIR *QFOKR?T #QMHQT +OFOKQLST IRT /LONOMS? .OMNSTISRT+QJH;RTIRT1RSMQ?T#QMHQTIRT/Q> NQMBQLO@T P :TEGNGRTJQLQMMOTDQLQMNRNRTIQTRFONSHQTIQ RJHLRCSLSTJGKKOTJNSJJOTREEO<RKSTFOJNOTRM CSMIRNQ@T P .QDDROLRTRMAOLEQBROMRTFONLQMMOTSJJSLS H;RSJNSTQKKST<QMH;STRMNSLSJJQNS@ P 1STK=OAASLSMNSTMOMTIRCRSMSTQDDRGIRHQNQ> LRO?T KQT HQGBROMST CSLL9T REESIRQNQESMNS LSJNRNGRNQT IOFOT KQT H;RGJGLQT ISKKQT DQLQ? JQKCOTH;STKOTJNSJJOTMOMTQ<<RQTOESJJOTIR FQLNSHRFQLST QKKQT ESISJREQ?T FSLJOMQK> ESMNST OT QT ESBBOT IRT FLOHGLQNOLST JFS> HRQKS?TJSMBQTIOHGESMNQNOTSTDRGJNRARHQNO EONRCO@ P :MTNQKSTHQJOTKQTHQGBROMST%TLSJNRNGRNQTJOKO MSKKQTERJGLQTISRT -26T(MOCSTISHRER,TISK> K=RMNSLOT ST KQT LSJNQMNST FQLNST %T NLQNNSMGNQ HOESTJOEEQTLRMCSMRSMNSTQTNGNNRTDKRTSAASNNR IQKK=SJSHGBROMS@T P :MT HQJOT IRT IG<<RT JGKKQT JGJJRJNSMBQT ISR EONRCRTDRGJNRARHQNRTFSLTKQTEQMHQNQTFQLNSHR> FQBROMSTQKKQTDQLQ?TK=OAASLSMNSTJRTLRCOKDSL9 QKT)RGIRHS?TH;STIRJFOLL9TRMTESLRNOTQKKQTLS> JNRNGBROMSTISKK=RMNSLQTHQGBROMSTOTLSJFRM> DSL9TKQTLSKQNRCQTIOEQMIQ@ P 3TMOLEQTISKK=QLN@T$ T'+0T6 -6 - 662TM@ &6TK=QDDRGIRHQNQLRO?T8GQKOLQTK=REEO<RKS JRTNLOCRTMSKKSTHOMIRBROMRTFLSCRJNSTFSLTRKTLR> KQJHROTISKTFSLESJJOTIRTHOJNLGRLSTRMTJQMQ>
NPMSQ@UKPDM<UGMTJTONQMTUQUGMPGMSTUTJILH> JSDTUJGTJTUKPFQOKQUKSUGTMFTJJPUSOUJQ> OQNPMSQ@UTONMPU6*7UCSPMOSUKQLLQUOPNSESIQUKTL KTIMTNPUKSUNMQJETMSFTONPA R ,POPUQUIQMSIPUKTLL?QCCSHKSIQNQMSPUNHNNTULT JGTJTUGTMUSLUNMQJETMSFTONPUKTCLSUSFFP=SLS OPOI: U9HTLLTUMTLQNSDTUQLLQUIQOITLLQBSPOT KTLLQUNMQJIMSBSPOTUKTLUGSCOPMQFTONPUTUKS NHNNTULTUEPMFQLSN<UIPOUSUMTLQNSDSUIPFGTOJS JGTNNQONSUQLUGMPETJJSPOSJNQUKTLTCQNPUGTMULT PGTMQBSPOSUJHIITJJSDTUQLLQUDTOKSNQ@UIPFT LS9HSKQNSUKQLU%A8AA R /HJNPKTUCSHKSBSQMSPUKTCLSUSFFP=SLSUJPNNP> GPJNSUQUDTOKSNQU)ULQUKPNNAJQU/:SQMQU HNTMS@ IPOU JNHKSPU SOU 5QFTBSQU 4TMFT@U QLLQU DSQ (QKPOOQU KTLLQU ,GSOQU OA NTLA7'!.+*.7 ! @UIHSUNHNNSUCLSUSONTMTJJQNS GPNMQOOPUMSDPLCTMJSUGTMUDSJSNQMTUSU=TOSA R 5QU GH==LSISN<@U LTU FPKQLSN<U KSU GMTJTONQ> BSPOTUKTLLTUKPFQOKTUTULTUIPOKSBSPOSUKTLLQ DTOKSNQUJPOPUMTCPLQNTUKQLLTU /POKSBSPOS CTOTMQLSUSOUFQNTMSQUKSUDTOKSNTUSFFP=SLSQMS KTLTCQNT UQLLTCQNTUQLUGMTJTONTUQDDSJPA R ;LUGMTJTONTU QDDSJPUKSUDTOKSNQ USOUTJNMQNNP JQM<UQEESJJPUGMTJJPUL?-L=PUKTLL? EESISPU%SH> KSBSQMSPUKTLU4MS=HOQLTUKSU5QFTBSQU4TMFTA 5QFTBSQU4TMFT@UL U6!UPNNP=MTU*76*U B;C8<?.@55B?>B5=AC:@;@+A=? /01&; ;01;U%8182-5;U;1U(-482;-U &;U 81&;48U;((0#;5;-2;U&858%-48 9 @C?..@<=@C:BCA7 2B5=?C:?0<A>>?C@5* 5@<@C8<@5@>=A=@CB>C125=AC7 B25AC7?>* =@>@>=@C:?/A>:AC:BC8A<=@7B8A-B?>@CB> 7A<=AC ;@+A;@4C @>=<?C ;@C ?<@C ,)433C :@; +B?<>?C,3C:B7@/1<@C)3,)6 R ,HLLQU=HJNQUKPDMQOOPUTJJTMTUSOKSIQNTULT JPLTUCTOTMQLSN<UKSUI:SUGMTJTONQUL?PEETMNQ@ I:TUGH UQOI:TUTJJTMTUGTMJPOQUKSDTMJQ KQLL?PEETMTONT@U SLU OPFTU KTLU CSHKSITU KTL> L?TJTIHBSPOT@USLUOPFTUKTLUGMPETJJSPOSJNQ KTLTCQNP@U LQU KQNQU KTLLQU DTOKSNQU TU SLU OH> FTMPUKTLLQUGMPITKHMQAU R 1TJJHOQUQLNMQUSOKSIQBSPOTU UO USLU=TOT GTMUIHSU)UJNQNQUEQNNQUL?PEETMNQUPUQLNMPU UKTDT TJJTMTUQGGPJNQUJHLLQU=HJNQA R ;LU NTMFSOTU KSU DTMJQFTONPU KTLU JQLKP GMTBBP@UOPOI: UKTCLSUHLNTMSPMSUPOTMS@UKSMSNNS TUJGTJTUIPOJTCHTONSUQLLQUDTOKSNQU)UKSU!7 CSPMOSUKQLL?QCCSHKSIQBSPOTUKTESOSNSDQA R 5?PEETMNQUKPDM<UIPONTOTMT U R >U;LUIPCOPFT@UOPFT@ULHPCPUTUKQNQUKSUOQ> JISNQ@UIPKSITUESJIQLT@UKPFSISLSP@UJNQNPUIS> DSLT@UMTIQGSNPUNTLTEPOSIPUKTLUJPCCTNNPUIHS QOKM<USONTJNQNPUL?SFFP=SLT@USLU9HQLTUKPDM< QOI:TU GMTJTONQMJSU QLLQU HKSTOBQU ESJJQNQ GTMULQUDTOKSNQA R 1POUJQM<UGPJJS=SLTUSONTJNQMTUL?SFFP=SLT QUJPCCTNNPUKSDTMJPUKQU9HTLLPUI:TUJPNNP> JIMSDTUL?PEETMNQA R ,TUL?PEETMTONTU)UIPOSHCQNPUTUSOUMTCSFTUKS IPFHOSPOTULTCQLTUKTSU=TOS@UKPDMQOOPUTJ> JTMTUSOKSIQNSUQOI:TUSUIPMMSJGPOKTONSUKQNS KTLUIPOSHCTAU R 1TLL?SGPNTJSUKSUQI9HSJNPUQUNSNPLPUGTMJPOQLT KQUGQMNTUKSUHOUIPOSHCTUSOUMTCSFTUKSUIP> FHOSPOTUKTSU=TOS@UPIIPMMTUGMPKHMMT@UPLNMT QLLQU KSI:SQMQBSPOTU KSU 9HTJN?HLNSFP@U T QMNA6"'@UIPAU6 @ULTNNAUE@UIPKSITUISDSLT@U9HTLLQ KTLUIPOSHCTUOPOUQI9HSMTONTUKSUIHSUQLU* IPAUKTLLQUFTKTJSFQUKSJGPJSBSPOTUOPMFQ> NSDQA R ;OUIQJPUKSUKSI:SQMQBSPOTUGMTJTONQNQUIPO> CSHONQFTONTU KQU GS U JPCCTNNS@U KTDTU TJ> JTMTUSOKSIQNPUIPLHSUI:TUQ==SQUL?TJILHJSDQ EQIPLN<UKSUEPMFHLQMTUTDTONHQLSUPEETMNTUSO QHFTONPA R ,TU L?PEETMTONTU )U FSOPMTOOT@U L?PEETMNQ KPDM<UTJJTMTUJPNNPJIMSNNQUKQSUCTOSNPMSUGMT> DSQUQHNPMSBBQBSPOTUKTLU%SHKSITU4HNTLQMTA R ,TUL?PEETMTONTUQCSJITU9HQLTULTCQLTUMQG> GMTJTONQONTUKSUQLNMPUJPCCTNNP@UKPDM<UTJ> JTMTUQLLTCQNPUITMNSESIQNPUKTLUMTCSJNMPUKTLLT SFGMTJTUKQUIHSUMSJHLNSOPUSUGPNTMSUPDDTMPULQ GMPIHMQUPUL?QNNPUKSUOPFSOQUI:TUCSHJNSESI:S SUGPNTMSAU R >U;UKQNSUSKTONSESIQNSDSUKTLU=TOTUGTMUSLU9HQLT L?PEETMNQU)UGMPGPJNQAU R >U 5?SOKSIQBSPOTU KTLU GMTBBPU PEETMNP@U I:T OPOUGPNM<UTJJTMTUSOETMSPMTUQLUGMTBBPUFS> OSFPU SOKSIQNPU OTLL?QDDSJPU KSU DTOKSNQ@U Q GTOQUKSUTJILHJSPOTA R >U5?TJGMTJJQUKSI:SQMQBSPOTUKSUQDTMUGMTJP DSJSPOTUKTLLQUGTMSBSQUKSUJNSFQA R -LL?PEETMNQUKPDM<UTJJTMTUQLLTCQNQUHOQUEP> NPIPGSQUKTLUKPIHFTONPUKSUSKTONSN<UKTLL?PE> ETMTONT@U OPOI: U HOU QJJTCOPU ISMIPLQMT OPOUNMQJETMS=SLTUSONTJNQNPUQU OPNQSPU(QMSP #SLQOCSPOTUGMPITKHMQUTJTIHNSDQUOA67'+'. 2A8A @UGTMUHOUSFGPMNPUGQMSUQLU67UGTMUITONP KTLUGMTBBPUPEETMNP@UQUNSNPLPUKSUIQHBSPOT@ I:TUJQM<UNMQNNTOHNQUSOUIQJPUKSUMSESHNPUKTL> L?QI9HSJNPA R 1TJJHOQUJPFFQUJQM<UMSI:STJNQ@USOU9HT> JNQUEQJTU9HQLTUEPOKPUJGTJTA
R
R R
R R R R
R
R
R
R R R R R R
R
R R
R R
R
5?PEETMTONTU )U NTOHNPU QU GMTJTONQMJSU QL> L?HKSTOBQUJPGMQUSOKSIQNQUKSUGTMJPOQ@UPUQ FTBBPUKSUFQOKQNQMSPUFHOSNPUKSUGMPIHMQ JGTISQLTU MSJHLNQONTU KQU QNNPU GH==LSIPU P JIMSNNHMQU GMSDQNQU QHNTONSIQNQU I:TU KPDM< TJJTMTUKTGPJSNQNQUIPONTJNHQLFTONTUQLLQ KSI:SQMQBSPOTUKTLUOPFSOQNSDPUKTLLQUGTM> JPOQ@U KQU TEETNNHQMJSU OTLU NTMFSOTU KSU IHS QLL?QMNA3. AUIPA6 @UIAGAIAA ;UGMPIHMQNPMSULTCQLSUGPJJPOPUEQMTUPEETMNT GTMUGTMJPOQUKQUOPFSOQMTA ;OUIQJPUKSUQCCSHKSIQBSPOT@UL?PEETMTONTU) NTOHNPUQLUDTMJQFTONPUKTLUJQLKPUGMTBBPUT KTCLSUPOTMS@UKSMSNNSUTUJGTJTUKSUDTOKSNQUOTL NTMFSOTU SOKSIQNPU SOU PEETMNQ@U PDDTMP@U SO FQOIQOBQ@UTONMPU!7UCSPMOSUKQLL?QCCSHKS> IQBSPOTUKTESOSNSDQUFTKSQONTUKHTUKSJNSONS QJJTCOSUISMIPLQMSUOPOUNMQJETMS=SLSUSONTJNQNS QU OPNQSPU (QMSPU #SLQOCSPOTU GMPITKHMQ TJTIHNSDQUOAU67'+'.U2A8A @UHOPU9HQLTUKSE> ETMTOBQUGMTBBPUKSUQCCSHKSIQBSPOTUTUHOP GQMSUQLUDTONSUGTMUITONPUKTLUGMTBBPUJNTJJP 9HQLTUGMTJHFS=SLTUSFGPMNPUGTMUJGTJTAU ;OUIQJPUKSUSOQKTFGSFTONP@UL?QCCSHKSIQ> BSPOTU JQM<U MTDPIQNQU TU L?QCCSHKSIQNQMSP GTMKTM<UNHNNTULTUJPFFTUDTMJQNTAU ;OUIQJPUKSUGS UPEETMNTUDQLSKT@UJSUGMPITKTM< QUCQMQUJHLLQU=QJTUKTLLQUPEETMNQUGS UQLNQAU ;LU=TOTUDTMM<UGMPDDSJPMSQFTONTUQCCSHKS> IQNPUQUI:SUQDM<UTEETNNHQNPUSLUMSLQOISPUGS QLNPAU 5QUDTOKSNQUQDDSTOTUOTLLPUJNQNPUKSUEQNNPUT KSUKSMSNNPUSOUIHSUSU=TOSUJSUNMPDQOP@UIPOUNHNNT LTUTDTONHQLSUGTMNSOTOBT@UQIITJJSPOS@UMQ> CSPOSUTKUQBSPOS@UJTMDSN UQNNSDTUTUGQJJSDTAU 5QU DTOKSNQU )U QU IPMGPU TU OPOU QU FSJHMQ@ TDTONHQLSU KSEETMTOBTU KSU FSJHMQU OPOU GP> NMQOOPUKQMULHPCPUQKUQLIHOUMSJQMISFTONP@ SOKTOOSN<UPUMSKHBSPOTUKTLUGMTBBPAU 5QUDTOKSNQUEPMBQNQUOPOU)UJPCCTNNQUQLLT OPMFTUIPOITMOTONSULQUCQMQOBSQUGTMUDSBSUP FQOIQOBQUKSU9HQLSN<@UO UGPNM<UTJJTMTUMT> DPIQNQUGTMUQLIHOUFPNSDPAU /POJTCHTONTFTONTUL?TJSJNTOBQUKSUTDTO> NHQLSUDSBS@UFQOIQOBQUKSU9HQLSN<UPUKSEEPMFSN< KTLLQUIPJQUDTOKHNQ@UPOTMSUKSU9HQLJSQJSUCT> OTMTU USDSUIPFGMTJS@UQKUTJTFGSP@U9HTLLS HM=QOSJNSISUPDDTMPUKTMSDQONSUKQLLQUTDTO> NHQLTU OTITJJSN<U KSU QKTCHQFTONPU KSU SF> GSQONSU QLLTU LTCCSU DSCTONS@U JGTJT IPOKPFSOSQLSU KTLL?QOOPU SOU IPMJPU TU KTL> L?QOOPUGMTITKTONTUOPOUGQCQNTUKQLUKT=S> NPMTU U GTMU 9HQLJSQJSU FPNSDPU OPO IPOJSKTMQNS@UQOI:TUJTUPIIHLNSUTUIPFHO> 9HTUOPOUTDSKTOBSQNSUSOUGTMSBSQ@UOPOUGP> NMQOOPUKQMULHPCPUQKUQLIHOUMSJQMISFTONP@ SOKTOOSN<UPUMSKHBSPOTUKTLUGMTBBP@UTJJTO> KPJSUKSUIS UNTOHNPUIPONPUOTLLQUDQLHNQBSPOT KTSU=TOSAU %LSU SFFP=SLSU JQMQOOPU DTOKHNSU LS=TMSU KQ NHNNTULTUEPMFQLSN<UGMTCSHKSBSTDPLSAU 5TU EPMFQLSN<U GMTCSHKSBSTDPLSU CMQDQONS JHCLSUSFFP=SLSUJQMQOOPUIQOITLLQNTUQUIHMQ TUJGTJTUKTLL?QCCSHKSIQNQMSPA 0COSUPOTMTUESJIQLTUKTMSDQONTUKQLLQUDTO> KSNQUJQM<UQUIQMSIPUKTLL?QCCSHKSIQNQMSPA TMUNHNNPU9HQONPU9HSUOPOUGMTDSJNPUJSUQG> GLSIQOPULTUDSCTONSUOPMFTUKSULTCCTA ,TUL?SFFP=SLTU)UPIIHGQNPUKQLUKT=SNPMTUP KQUNTMBSUJTOBQUNSNPLP@ULQULS=TMQBSPOTUUJQM< TEETNNHQNQUQUIHMQUKTLU/HJNPKTU%SHKSBSQMSPA HQONPUQLLQUDTOKSNQUIPOUSOIQONP@UETMFT LTUKSJGPJSBSPOSUJPGMQUSOKSIQNT@UJTUIPFGQ> NS=SLS@U DQLCPOPU LTU OPMFTU KSU IHSU QCLSU QMNNA 3"!@U3.7@U3. UTU3.3UIAGAIAA %LSUPEETMTONSUKPDMQOOPUKSI:SQMQMTULQUGMP> GMSQUMTJSKTOBQUOTLU/SMIPOKQMSPUKTLU4MS=H> OQLTU KSU 5QFTBSQU 4TMFTU PU TLTCCTMT KPFSISLSPUSOU5QFTBSQU4TMFTA 0EETMNTUSOUQHFTONPUKSUHOU9HSONP -U OPMFQU KTLL?QMNAU 3. U IAGAIA@U QDDTOHNP L?SOIQONP@UGPJJPOPUQOIPMQUTJJTMTUEQNNTUPE> ETMNTUKSUQI9HSJNPUTONMPUSLUNTMFSOTUGTMTONP> MSPUKSU67UCSPMOSUKQLLQUCQMQ@UFQUTJJTUOPO JPOPUTEESIQISUJTUSLUGMTBBPUPEETMNPUOPOUJH> GTMQUKSU6+3U HOU9HSONP U9HTLLPUMQCCSHONP OTLL?SOIQONPA TMNQONPUL?QCCSHKSIQBSPOTUKSDTMM<UKTESOS> NSDQUKTIPMJSU67UCSPMOSUJTOBQUPEETMNTUSOUQH> FTONPAU &SDTOHNQU KTESOSNSDQU L?QCCSHKSIQBSPOT KPDM<UTJJTMTUDTMJQNQUOTSUJTJJQONQUCSPMOS JHIITJJSDSULQUKSEETMTOBQUKTLUGMTBBPUKSUQC> CSHKSIQBSPOTUFTKSQONTUQJJTCOPUISMIPLQMT OPOUNMQJETMS=SLTUSONTJNQNPUQU OPNQSPU(QMSP #SLQOCSPOTU GMPITKHMQU TJTIHNSDQU OA 67'+'.U2A8A UOPOI: USLUDTONSUGTMUITONPUKTL GMTBBPU KSU QCCSHKSIQBSPOTU JTFGMTU FT> KSQONTUQJJTCOPUISMIPLQMTUOPOUNMQJETMS=SLT SONTJNQNPUQU OPNQSPU(QMSPU#SLQOCSPOTUGMP> ITKHMQUTJTIHNSDQUOA67'+'.U2A8A U9HQLT GMTJHFS=SLTUSFGPMNPUGTMUJGTJTA 4QLSUPEETMNTUGPNMQOOPUTJJTMTUKTGPJSNQNT GMTJJPU L?SOKSMSBBPU JPGMQU SOKSIQNP@U OTLLT EPMFTUKSUIHSUQLL?QMNAU3"6UIAGAIA@UGMTJNQOKP
IQHBSPOTUGTMUHOQUJPFFQUGQMSUQLUKPGGSP KTLLQUIQHBSPOTUDTMJQNQUGTMULQUGQMNTISGQ> BSPOTUQLL?SOIQONPAU R ;OUIQJPUKSUGMTJTONQBSPOTUKSUNQLSUPEETMNT@ DTMM<USOKTNNQUHOQUCQMQUJTIPOKPULTUGMTDS> JSPOSUKSUIHSUQLL?QMNAU3. UIAGAIAA R ,TUOTJJHOPUKTCLSUPEETMTONSUSOUQHFTONP GQMNTISGQUQLLQUCQMQUSOKTNNQUQUOPMFQUKTL> L?QMNAU3. @UIPFFQU @UIAGAIA@UL?QCCSHKSIQ> BSPOTU KSDTONQU KTESOSNSDQU TU DTMM< GMPOHOISQNQUQUIQMSIPUKTCLSUPEETMTONSU JQLDP I:TUMSIPMMQUHOUKPIHFTONQNPUTUCSHJNSESIQNP FPNSDP UULQUGTMKSNQUKTLLQUIQHBSPOT@USLUIHS SFGPMNPU)UNMQNNTOHNPUIPFTUMSODTOSTONTUQ NHNNSUCLSUTEETNNSUKQLL?TJTIHBSPOTAU0COSUKP> FQOKQU KSU MTJNSNHBSPOTU KTLLQU IQHBSPOT KPDM<UTJJTMTUSOKSMSBBQNQUKQCLSUPEETMTONSUQL %SHKSITUKTLL?8JTIHBSPOTAU
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
,3 C:@;C8<@--? %B@>AC 8<?8<B@=#C :BC 2>C A88A<=A* /@>=?C8?5=?CA;C8BA>?C=@<<A4CB>C7A=A5=? A;C ?+;B?C>6C,3C'C%6;;AC>6C )(C'C 216C!C:B / C ,3(4334C .A7@>=@C 8A<=@C :BC 2>C /A+* +B?<C.A11<B7A=?CAC=<@C@;@0A-B?>BC.6=6CB> 76A6CA:B1B=?CAC7B0B;@CA1B=A-B?>@4C5B=?CB> 0BAC @>>@: C:@;C$?/2>@C:BC ?0A;B>? $ 4C7?>CA>>@55?C=@<<@>?C7B<7?5=A>=@ ;"@:B.B7B?4C B>C 8A<=@C 8A0B/@>=A=?C @:C B> 8A<=@CA:B1B=?CAC+BA<:B>?6 %B@>AC 8<?8<B@=#C :BC 2>C /A>2.A==?C A: 2>AC @;@0A-B?>@C .6=6C A:B1B=?C A:C A2=?<B* /@55AC'C:@8?5B=?4CA:BA7@>=@CA;;"A88A<* =A/@>=?C:BC72BC5?8<A4C:@;;AC528@<.B7B@ :BC/ C 4334CB>C7A=A5=?CA;C ?+;B?C>6C,3 'C%6;;AC>6C )(C'C 216 6 C &6,!&433
,3 C:@;C8<@--? %B@>AC 8<?8<B@=#C :BC 2>C A88A<=A* /@>=?C8?5=?CA;C8BA>?C8<B/?C 5@7?>:? .6=6 C @C :BC 2>C 0A>?C A:B1B=?C AC :@8?5B=? 8?5=?CA;C8BA>?C=@<<A4CB>C7A=A5=?CA;C ?* +;B?C>6C,3C'C%6;;AC>6C )(C'C 216C)4C:BC/ , 433C A;C>@==?C:BC1A;7?>BC@C0@<A>:@ 4 .A7@>=BC8A<=@C:BC2>C/A++B?<C.A11<B7A=? AC=<@C@;@0A-B?>BC.6=6CB>C76A6CA:B1B=?CAC7B* 0B;@CA1B=A-B?>@4C5B=?CB>C0BAC @>>@: C:@; $?/2>@C :BC ?0A;B>?C $ 4C 7?>C A>* >@55?C=@<<@>?C7B<7?5=A>=@C;"@:B.B7B?4CB> 8A<=@C8A0B/@>=A=?C@:CB>C8A<=@CA:B1B=? AC+BA<:B>?6 C &6)&3433 &TGPJSNPUGTMUIQHBSPOT U67 UKTLUGMTBBP %B@>AC8<?8<B@=#C:BC2>C;A5=<B7?C5?* ;A<@4CB>C7A=A5=?CA;C ?+;B?C>6C,3C'C%6;;AC>6 )(C'C 216C C:BC/ C, )4334C8?5=?CAC7?*
8@<=2<AC :BC 2>C .A11<B7A=?C AC =<@C @;@0A* -B?>BC.6=6CB>C76A6CA:B1B=?CAC7B0B;@CA1B=A* -B?>@4C5B=?CB>C0BAC @>>@: C:@;C$?/2>@ :BC ?0A;B>?C $ 4C7?>CA>>@55?C=@<<@>? 7B<7?5=A>=@C ;"@:B.B7B?4C B>C 8A<=@C 8A0B* /@>=A=?C@:CB>C8A<=@CA:B1B=?CAC+BA<:B>?6 C,&6 33433
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
C C $ 6 R /SQJIHOUPEETMTONT@UNMQOOTUSLUKT=SNPMTUT NHNNSU SU JPCCTNNSU GTMU LTCCTU OPOU QFFTJJS QLLQUDTOKSNQ@UKPDM<UKTGPJSNQMT@UJSOPUQLL?SOS> BSPUTEETNNSDPUKTLL?HKSTOBQUKSUDTOKSNQ@UKP> FQOKQUKSUGQMNTISGQBSPOTUQLL?SOIQONPUKQ GMTJTONQMJSUSOU=HJNQUI:SHJQUQUGTOQUKSUSM> MSITDS=SLSN<UKTLL?PEETMNQ U R HOSNQFTONTUQLL?SJNQOBQUKSUGQMNTISGQBSPOT QLL?SOIQONP@UISQJIHOUPEETMTONTUKPDM<UKTGP> JSNQMTUHOQUJPFFQUGQMSU67 UKTLUGMTBBP =QJTUK?QJNQUJPGMQSOKSIQNPUQUNSNPLPUKSUIQH> BSPOT@UFTKSQONTUIPOJTCOQUSOU/QOITLLTMSQ U EESISPU8JTIHBSPOSU;FFP=SLSQMSU UKSUQJ> JTCOSUISMIPLQMSU101U42-, 82;#;5;USONT> JNQNSUQLL?PEETMTONT 9 ;@C ?..@<=@C B>C A2/@>=?C >?>C 8?=<A>>? @55@<@CB>.@<B?<BCA;C( C:@;C8<@--?C1A5@ R JTUL?PEETMTONTUOPOUKSDTOCQUQCCSHKSIQNQMSP LQUIQHBSPOTUJQM<UMTJNSNHSNQUOTSUNTMFSOSUKS IHSUQLL?QMNAU3.7UIAGAIA R L?QCCSHKSIQNQMSPUKPDM<UDTMJQMTUSLUJQLKPUT L?SFGPMNPU KTLLTU JGTJTU JTIPOKPU 9HQONP GMTDSJNPU GTMU LQU DTOKSNQU JTOBQU SOIQONP@ ETMFQUMTJNQOKPULQUKTIQKTOBQUTULQUGTMKSNQ KTLLQUIQHBSPOTUKSUIHSUQLL?QMNAU3."UIAGAUSO IQJPUKSUFQOIQNPUKTGPJSNPA R ,;4;U;1482184UJHSU9HQLSUJPOPUGH==LS> IQNTUL?PMKSOQOBQUKSUDTOKSNQUTULQUMTLQBSPOT KSUJNSFQ R $$$AQJNTSFFP=SLSASN@U$$$AGPMNQLTQJNTASN@ $$$AQJNTATHCTOSHJASN R / ,40&8U%; &; ;-2;0 UQDDA+NPU2;442; 82; R /PFHOSUGTMUL?QEESJJSPOTUJPOPU50/2;+#0> -5;10+-2&028+#;-1/0 R ,SUQDDSJQUI:TUFQCCSPMSUSOEPMFQBSPOSUGP> NMQOOPUTJJTMTUQI9HSJSNTUGMTJJPULQU/QO> ITLLTMSQU8JTIHBSPOSU;FFP=SLSQMSUKSU9HTJNP 4MS=HOQLTA R 8JNMQNNPUGTMUIPGSQUIPOEPMFTA 5PIMS@UU7.+67+*76* ;C7A>7@;;B@<@
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
2ECCDHFH>GH>GAGCCDHG@H=<GH?GHCAD8E6 #& " #! #& $ & % # " E::G??G4GBGH @D@H ;D0 CAE@@DH F??FAFH G@2FAGDAGH E> K@GHL 9><<<8<< :GBBF 6 ; /JIBA@FL H77KGKFEK8L FHFL HDEGKL DKL HGK CHCJAJL 93><< LCKDL6JHGFHL?GKAKCKFEK D)JFAIFEHL KFKGC 8LCH4G(LCK?HBJEIGK @FIL BH==IL ?IGJL IDL 3< L CKDL ?GK::H 2IBKL?KGLAI@:JHFKLAHFLIBBK6FHLAJGAH5 DIGKLJFEKBEIEHLIDL&GJ2@FIDKLCJL%ID=JLK GKAIFEKL JDL F@=KGHL CKDDIL ?GHAKC@GI8 ?GKBBHLDHLBE@CJHLCJL @KBE)@DEJ=H8L@FJ5 EI=KFEKLICLI??HBJEILCH=IFCILCJL?IG5 EKAJ?I:JHFKLIDD)IBEI> I %'E99G<>G=ECEAGDH>D8A)H>F;D?GCEAFHF@CAD GBHCFA:G@FH>GH $H ?F??E@CE H9GDA@GH>EBB'G@0 =E@CDH GBH ;AF77DH >FBB'E99G<>G=E7GD@FH >F0 CAECCEH BEH =E<7GD@FH 8FA?ECE/H EH :F77D E??F9@DH=GA=DBEAFH @D@HCAE?2FAG4GBF HG@CF0 ?CECDHEBH1AG4<@EBFH>GH#EB:GHFHAF=E@CFHGBH@<0 :FADH>FBBEH;AD=F><AEHF?F=<CG8E6 I !BCFAGDAGH G@2DA:E7GD@GH ;DCAE@@DH F??FAF E= <G?GCFH;AF??DHBDH?C<>GDH>FBH-DCEGDH*F0 BF9ECD6H #DBG?CF@E/H& H?FCCF:4AFH $& 6 %!$%& !$ " $ @DCEGDHG@H#DBG?CF@E 388G?DH>'3?CE %GHAKCJ=KFEHLCJLKBKA@:JHFKL J==H2JDJIGKLF>GHL *<3L ;AD:D??DH>E E@=EH-E7GD@EBFH>FBH%E8DADH(6;636 5BH?DCCD?=AGCCDH@DCEGDH EAGEH1AG;D>G/H =D@H?C<>GDHG@H#DBG?CF@EHEBBEH8GEH+E8D<AH@6ADH /H >FBF9ECDH>EBH G<>G=FH>FBB'.?F=<7GD@FH 5::D4GBGEAFH=D@H;AD88F>G:F@CDH >FBH& H>G=F:4AFH $$ 3H8H8HGH?HE G@H>ECEH0LCJAK=2GKL3<93LIDDKLHGKLCJKAJLKL=J5 F@EJLEGKFEI8L 9<>0< 8 ;AF??DHGHBD=EBGH>FBB'G@CF0 ?CECDH1AG4<@EBFH E<BEH>FBBFH;<44BG= FH<>GF@7F >F@D:G@ECEH3<BEH+DACFH>GH3??G?F H?GH;AD=F>FA) EBBEH8F@>GCEHEBH;<44BG=DHG@=E@CDH>FBB'G::D4GBF >GH?F9<GCDH>F?=AGCCD & & 1/ 1!$-'L L 5JDL 2KFKL 7I ?IGEKL CJL @FL 7I22GJAIEHL CJL =I66JHGK AHFBJBEKF:I8L IL AH=?DKBBJ4JL AJF @K ?JIFJL7@HGJLEKGGI8L@2JAIEHLIDDIL?KGJ7KGJI CKDL AKFEGHL I2JEIEHL CJL %ID=J8L D@F6HL DI BEGICILA KLAHFC@AKLIDDILBEI:JHFKLCKDDK KGGH4JKLCKDDHL EIEH>L /!$ 1 &-$ ' 5I??IGEI=KFEHLIDL3 L?JIFHL 0 L7>E> CKDDI B@?KG7JAJKLAHF4KF:JHFIDKLCJLAJGAIL3<< = > 1"1&&!L L -$ -"-'LJFEKGH> !/ 1!$1'LFKBB@FI> /!$ !" 1& )L " $1 &1/!5- 1 15 1 ' 5CILJFCI6JFJLK77KEE@IEKL?GKBBHLD) 77JAJH &KAFJAHL CKDL /H=@FKL CJL %ID=JL K=KGBHL A KL ?KGL JDL 2KFKL JFL H66KEEHL BEIEIL GJDIBAJIEI8L JFL CIEIL 3,*<#*9++,8 AHFAKBBJHFKLKCJDJ:JILJFLBIFIEHGJILF>GH 3<.*+#>L -)L BEIEIL GJDK4IEIL DIL BK6@KFEK CJ77HG=JE('LJDLEKGGI::HLILDJ4KDDHL LBEIEH EGIB7HG=IEHLJFL4KGIFCI>L%KGLDKLH?KGK I2@BJ4KLBJLAHF7J6@GILDILFKAKBBJE(LCJLGJ5 A JKCKGKLDILBIFIEHGJILK >LIGE>L0 L %"L 6J@6FHL3<<9LF>GHL0.<L=HCJ7JAIEHLKCLJF5 EK6GIEHLCIDL >D6BL0<9*<9> !# "& % #& % % K@GHL#3># ,800> I 5BH4F@FH>GH=<GH?D;AEH:F9BGDH>F?=AGCCDH@FBBF AFBE7GD@GH>FBH+616!6HE9BGHECCG/HEBBFH <EBGH?G 2EHF?;AF??DHAG@8GD/H?EA)H;D?CDHG@H8F@>GCE EBH ;AF77DH 4E?FH G@>G=ECD/H @FBBDH ?CECDH >G 2ECCDHFH>GH>GAGCCDHG@H=<GH?GHCAD8E6 #& " #! #& $ & % # "& E::G??G4GBGH @D@H ;D0 CAE@@DH F??FAFH G@2FAGDAGH E>H K@GHL 9><<<8<< :GBBF 6 ; /JIBA@FL H77KGKFEK8L FHFL HDEGKL DKL HGK CHCJAJL 93><< LCKDL6JHGFHL?GKAKCKFEK D)JFAIFEHL KFKGC 8LCH4G(LCK?HBJEIGK @FIL BH==IL ?IGJL IDL 3< L CKDL ?GK::H 2IBKL?KGLAI@:JHFKLAHFLIBBK6FHLAJGAH5 DIGKLJFEKBEIEHLIDL&GJ2@FIDKLCJL%ID=JLK GKAIFEKLJDLF@=KGHLCKDDIL?GHAKC@GI8LCI CK?HBJEIGBJL ?GKBBHL DHL BE@CJHL CJL @K5 BE)@DEJ=H8L@FJEI=KFEKLICLI??HBJEILCH5 =IFCILCJL?IGEKAJ?I:JHFKLIDD)IBEI> I %'E99G<>G=ECEAGDH>D8A)H>F;D?GCEAFHF@CAD GBHCFA:G@FH>GH $H ?F??E@CE H9GDA@GH>EBB'G@0 =E@CDH GBH ;AF77DH >FBB'E99G<>G=E7GD@FH >F0 CAECCEH BEH =E<7GD@FH 8FA?ECE/H EH :F77D E??F9@DH=GA=DBEAFH @D@HCAE?2FAG4GBF /HG@CF0 ?CECDHEBH1AG4<@EBFH>GH#EB:GHFHAF=E@CFHGBH@<0 :FADH>FBBEH;AD=F><AEHF?F=<CG8E6 I !BCFAGDAGH G@2DA:E7GD@GH ;DCAE@@DH F??FAF E= <G?GCFH;AF??DHBDH?C<>GDH>FBH-DCEGDH*F0 BF9ECD6H #DBG?CF@E/H& H?FCCF:4AFH $& %!$%& !$ " $&@DCEGDHG@H#DBG?CF@E
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
NQKQIIQ<TLQT>PMH2QTHOMAQMCROMPNQB " @LTFKQIQMNQTPAARIOTIPK3TMONR?RHPNO<TP EQCCOT G??RHRPLQT DRGJRCRPKROT PRT HKQJRNOKR RIHKRNNRTQTMOMTRMNQKAQMGNRTPRTIQMIRTJQLL0PKNB !.THBFBHBBQTKQINQK3TP??RIIOTFQKTNKQTDROKMR HOMIQHGNRARTPLL0PL>OTJQLT:KR>GMPLQTJRT%POLP QT IPK3T FG>>LRHRCCPNOT EQJRPMNQT T L(T P??RI= IROMQTEGKPLQTMQLTHOEGMQTJOAQTIOMOTG>R= HPNRTDLRTREEO>RLRTQTLPTFG>>LRHPCROMQTIGLLP QJRCROMQT JOEQMRHPLQT JQT GONRJRPMOT T @L 5OEPMRTJQLLPT4PLP>KRP <TMOMH2 TIGLTEQM= IRLQT 9INQ T QT IGLT IRNOT RMNQKMQN BPINQBQGDQMRGIBRN @&&7$@*@T@;T 8;5@:9 ! )4+N,.'N ,1!'N)'+(N' N (N 31 )+1)+(4!' ?N (IN 4 46 4+4N MGKHHK@JN NKIN3JIHGMCMN)MEM==J NMDDMGHM@LIHJNCLEEMNB>DLG5KFKLNCKN@" //A<<ANNFJIN8KMGCKIJNCKN@"N9;0AN5MFLIHL DMGHLNCLEN3J@DELBBJNK@@J:KEKMGLN N M )GMKM AN)MEM==KIMN&NAKIHAN9N #9NI?FK2KFJ 99%ANFJBHKH>HKHJNNCMN>INDKMIJNHLGGMNANFJI BJ88KJGIJN NDGMI=JANF>FKIMAN>IMNFM6 @LGMNCMNELHHJANKI8GLBBJNLN 3NLNCMN>I DKMIJNDGK@JNFJIN>IMNFM@LGMNCMNELHHJA :M8IJNLN>INDKFFJEJNGKDJBHK8EKJ?N3JI6 5KIMN MN .JGCN FJIN FJGHLN CLEE KIH?N I?N ;N L FJINFJGHLNLBFE>BK2MNCLEEJNBHLBBJNMD6 DMGHM@LIHJAN MN 4BHN FJIN KIH?N I?;N LN FJI 2KMELNFJICJ@KIKMELANMN->CNFJINKIH?NI?7 LNFJIN2KMELNFJICJ@KIKMELANMN12LBHNFJI KIH?N I?N 7N LN FJIN FJGHLN LBFE>BK2MN CLEEJ BHLBBJNMDDMGHM@LIHJ?N MNFJGHLNLBFE>6 BK2MNFJI5KIMNMN.JGCNFJIN2KMELNFJICJ6 @KIKMELNDLGNMFFLBBJNMEN@MGLANMN4BHNFJI FJGHLNCLEE MDDMGHM@LIHJNI?;NLNFJINE MD6 DMGHM@LIHJN CKN F>KN BJDGMAN MN ->CN FJI KIH?N I?N 7N LN FJIN E MDDMGHM@LIHJN CKN F>K BJDGMAN MCN 12LBHN FJIN MGLIKELN CL@M6 IKMEL?NNN MDDMGHM@LIHJN NFLIBKHJNNILE .?3?4?,N MEN 5J8EKJN *0AN DMGHKFLEEMN I?%7& B>:N9N L NBF LCMN%7&#&& NAFMH?'#7AN=FN9A FJIHGMCMN(BJEMN)MEM==MANDKMIJN!6;AKIH? 9AN?N+LICKHMNL>GJN9; A* ?N MNFJGHLN FLIBKHMN ILEN .34,N MEN 5J8EKJN *0AN DMGHK6 FLEEMNI?N%7&NB>:N%N NL NBF LCMN%*9#&& A FMH?N ;ANFJIHGMCMN(BJEMN)MEM==M? ! ! 4,+1N;&?&%&A<< ! ! ! 4,+1 ;?<<<A<< S @MTKQLPCROMQTPLLPTLQDDQTMB +,.1TQTIGHHQI= IRAQT RMNQDKPCROMRT QT EOJR?RHPCROMR<T JPLLP 4:"TRMTPNNRTKRIGLNPTH2QT LPTHOINKGCROMQT INPNPT PGNOKRCCPNPT JPLT IRMJPHOT JRT $QLAQ= JQKQT&BEOTHOMT*RHQMCPT8JRLRCRPTMB.6 TJR FKONBTJQLT6#TLGDBT6!+#BT@MTJPNPT61TEPKCO 6!++THOMTFKONBT+1'1,+'TJPLT-RMJPHOTJR $QLAQJQKQT&BEOT TINPNPTKRLPIHRPNPTLPTLR= HQMCPTJRT9>RNP>RLRN3TH2QT2PTH2RGIOTL0RNQK QJRLRCROBT9LL0PNNOTJRTKRLPIHROTJQLLPT*RHQMCP 8JRLRCRPTMQLT4OEGMQTJRT$QLAQJQKQT&BEO MOMTQKPTINPNOTM TPJONNPNOTM TPFFKOAPNO PLHGMOTINKGEQMNOTGK>PMRINRHOBT;QLLPTCOMP RMT GQINROMQTIOMOTINPNQTKRLPIHRPNOT*RHQMCQ 8JRLRCRQ<T HOMIRJQKPMJOT LPT COMPT INQIIP HOEQT KRHPJQMNQT JRT ?PNNOT MQLT HQMNKOT GK= >PMOB T9LTEOEQMNOTJQLLPTKQJPCROMQTJQLLP 4:"TLPTHOINKGCROMQTKRIFQNNPAPTLQTFKQAR= IROMRTJRTFKODQNNOTQTMOMTIGIIRINQAPMOTAP= KRPCROMRT QHHQNNOT LPT ?OKEPT JQLLPT IHPLPT JR PHHQIIOTPLTFRPMOTFKREOT<KRNQMGNPTJPLT4:" MOMTIODDQNNPTPTHOMJOMOTQJRLRCROBT S @MTODMRTHPIO<TIRTTPAARIPTL0PDDRGJRHPNPKRO H2QT FQKT DLRT REEO>RLRT KQPLRCCPNRT RMT AROLP= CROMQTJQLLPTMOKEPNRAPTGK>PMRINRHO=QJRLRCRP< FONK3<TTKRHOKKQMJOMQTRTFKQIGFFOINR<TTPAAP= LQKIRTJQLLPTJRIHRFLRMPTJRTHGRTPLL0PKNBT /TJQLLP LQDDQT +,.1THOEQTRMNQDKPNOTQTEOJR?RHPNO JPLL0PKNBT 'TJQLTARDQMNQT:B"TJQLL0QJRLRCRPT 5%)TT',', //6TMBT#./ TFGKH2 TFKQIQMNR JOEPMJPTJRTHOMHQIIROMQTOTFQKEQIIOTRM IPMPNOKRPTQMNKOT6 /TDROKMRTJPLLPTMONR?RHP JQLTJQHKQNOTJRTNKPI?QKREQMNOB S 9LTEOEQMNOTJQLTIOFKPLLGODOTRLT4:"T2P PHHQKNPNOTH2QTRT>QMRTFRDMOKPNRTIOFKPTJQ= IHKRNNRTKRIGLNPAPMOTOHHGFPNRTNQEFOKPMQP= EQMNQBTT LRTINQIIRTMOMTIOMOTDKPAPNRTJP ?OKEPLRN3TFKQDRGJRCRQAOLRTFQKTLQT GPLRTMOM IRPTFOIIR>RLQTONNQMQKQTL(OKJRMQTJRTHPMHQL= LPCROMQBT ;OMT KRIGLNPMOT IONNOFOINRT T PJ PLHGMTARMHOLOTPKNRINRHOTOTINOKRHOT<TM TIOMO INPNRTKRIHOMNKPNRTFPKNRHOLPKRTFKQDRTJRTHPKPN= NQKQTEOMGEQMNPLQBT@T>QMRTIOMOTFOINRTRM AQMJRNPTMQLLOTINPNOTJRT?PNNOTQTJRTJRKRNNOTRM HGRTIRTNKOAPMOTQTFQKTHOEQTEQDLROTJQIHKRNNR MQLLPT HOMIGLQMCPT NQHMRHPT JRT G??RHROT T KQ= JPNNPT PT HGKPT JQLL0@MDBT ROAPMMRT *PRMOT < H2QTFONK3TQIIQKQTHOMIGLNPNPTTFKQIIOTLO INGJROTJQLTT;ONPROTJQLQDPNOTPLT GPLQTFO= NKPMMOT H2RQJQKIRT JRKQNNPEQMNQT EPDDROKR RM?OKEPCROMRT T NQLQ?OMPMJOT PRT MGEQKR /!.1,.6+'/=.+1'6B S @LTJQ>RNOKQTOTRLTHGINOJQTTHOMIQMNRKPMMOTLP ARIRNPTJQLTHOEFQMJROTFOINOTRMTAQMJRNPTMQR NKQTDROKMRTPMNQHQJQMNRTL0RMHPMNO<TJPLLQTOKQ
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
HGRTPLL0PKNBT1!6T>RITMBT1THFHT TJRTKQDRINKP= CROMQ<TNKPIHKRCROMQ<THPNPINPLR<TOMOKPKROTPL ;ONPROTQTPLNKQTQAQMNGPLRTJRFQMJQMNRTQTHOM= IQDGQMNRTPLTNKPI?QKREQMNOT TFKQIIOTRLT;O= NPROTJQLQDPNO<TEQJRPMNQTJRINRMNRTPIIQDMR HRKHOLPKRT MOMT NKPI?QKR>RLRT RMNQINPNRT PLLO INQIIOT;ONPROBT@MTHPIOTJRTRMPJQEFRQMCP< JQHPJK3TJPLTJRKRNNOTQTFQKJQK3TLPTHPGCROMQ PTNRNOLOTJRTEGLNPTHOMTL0O>>LRDOTJRTFPDPKQTLP JR??QKQMCPTJRTHGRTPLLPT TFPKNQTJQLL0PKNBT1.+ HFHB S T 8(T JPNPT LPT FOIIR>RLRN3<T FQKT RT FPKNQHR= FPMNRTPLL(PINP<TJRTONNQMQKQTEGNGRTRFONQHPKR FQKTGMTREFOKNOT?RMOTPJTGMTEPIIREOTJQL +/=./ TJQLTAPLOKQTJQLL(REEO>RLQT HOEQ INREPNOTMQLLPTFQKRCRP TPTNPIIRTQTHOMJRCROMR QHOMOERH2QTFKQINP>RLRNRTJPTODMRTIRMDOLP >PMHPBT*QT>PMH2QTPJQKQMNRTPLL(RMRCRPNRAP IOMO T6 T$PMHPT&OMNQT%PIH2RTJRT-RQMP -FP<T?RLRPLQTJRT%POLPT 5RKQCROMQTJRT)QDDRO 4PLP>KRPT=T-QNNOKQT%KOJONNRT)QNPRLT=TARPLQ 4PLP>KRPT 9MDOLOT RHOT -BT 9MMP<.!6#6 )QDDROT 4PLP>KRPT <T NQLBT /!'1= #1# '1, +., '. T T "MRHKQJRNT $PMHP -FP<T9DQMCRPT"MRHKQJRNTJRT4OIQMCP<T6 + PMDBT:PDLRPEQMNOT<T4OKIOT&PCCRMRBT@TFPK= NQHRFPMNRTPLLPTPINQ<TIOMO<TFQKNPMNO<TRMARNPNR PTHOMNPNNPKQTLQTIQJRTJQLLQTPDQMCRQTOT?RLRPLR HOEQTIOFKPTRMJRHPNQBT9LNKQT>PMH2QTPJQ= KQMNRT PLL0RMRCRPNRAPT IOMOT HOMIGLNP>RLRT IGL IRNOTJQLL09$@T 2NNF #BP>RBRN,9INQ@EE, B S T@LTFKQIQMNQTPAARIOTIPK3TMONR?RHPNO<TP EQCCOT G??RHRPLQT DRGJRCRPKROT PRT HKQJRNOKR RIHKRNNRTQTMOMTRMNQKAQMGNRTPRTIQMIRTJQLL(PKNB !.THBFBHBBQTKQINQK3TP??RIIOTFQKTNKQTDROKMR HOMIQHGNRARTPLL(PL>OTJQLT:KR>GMPLQTJRT%POLP QT IPK3T FG>>LRHRCCPNOT EQJRPMNQT T L(T P??RI= IROMQTEGKPLQTMQLTHOEGMQTJOAQTIOMOTG>R= HPNRTDLRTREEO>RLRTQTLPTFG>>LRHPCROMQTIGLLP QJRCROMQT JOEQMRHPLQT JQT GONRJRPMOT T @L 5OEPMRTJQLLPT4PLP>KRP <TMOMH2 TIGLTEQM= IRLQT 9INQ T QT IGLT IRNOT RMNQKMQN BPINQBQGDQMRGIBRN T @&&7$@*@T@;T 8;5@:9 .LEN3J@>ILNCKN3LHGMGJ N>IKH NK@@J:KEKMGK 5MFLIHKNDMGHLNCKN>IN5M::GKFMHJNDLGNFK2KELNM:K6 HM=KJILNMN">MHHGJNDKMIKANBKHMNKIN3LHGMGJN M6 GKIMAN KMN .M=KJIMELN -?-?;/N LN DK
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
;?<<< S @MTKQLPCROMQTPLLPTLQDDQT +,.1TQTEOJR?RH2Q QTRMNQDKPCROMR<TTJPLLPT4:"TTKRIGLNPTTH2QTRL ?P>>KRHPNOTJRTHGRT?PMMOTFPKNQTDLRTREEO>RLR FOINRT RMT AQMJRNPT IOMOT INPNRT KQPLRCCPNRT RM ARKN T JRT HOMHQIIROMQT QJRLRCRPT MB1++T KRLP= IHRPNPTRMTJPNPT61,/+,6!.#TJPLT4OEGMQTJR 4QNKPKOTQTIGHHQIIRAPTHOMHQIIROMQTQJRLR= CRPTJRTAPKRPMNQTM<T1.'TJQLT6/,/#,6!. BT%QK RLT?P>>KRHPNOTMOMTKRIGLNPTKRLPIHRPNPTLRHQMCP JRTP>RNP>RLRN3BT5PLTHOM?KOMNOTNKPTLOTINPNOTJQR LGOD2RTQJTRLTFKODQNNOTJRTHGRTPLLPTTHOMHQI= IROMQTQJRLRCRPTMBT1.'TRLT4:"T2PTKRIHOMNKPNO LQT IQDGQMNRT JR??OKERN3T T =T T PFFPKNP= EQMNOT9#TTPLTFRPMOTTEPMIPKJP TPGEQMNO JRT AOLGEQNKRPT JRT GMPT JQLLQT HPEQKQT JP LQNNO<TONNQMGNOTI?KGNNPMJOTFPKNQTJQLLPTIG= FQK?RHRQT JQLT NQKKPCCRMO T =T PFFPKNPEQMNO $#PLTFRPMOTEPMIPKJPT TLOHPLQTP>GIRAOTKR= HPAPNOTIGTFPKNQTJQLTNQKKPCCOTJQINRMPNOTP KRFOINRDLRO<TPGEQMNOTJQLLPTAOLGEQNKRPTJR JGQT HPEQKQ<T ONNQMGNOT I?KGNNPMJOT FPKNQ JQLLPTIGFQK?RHRQTJQLTNQKKPCCRMO<TPGEQMNO JQLLPT IGFQK?RHRQT JQLT NQKKPCCOT KRIFQNNOT P GPMNOTFKQARINOTRMTFKODQNNO =TFRPMOTRMNQK= KPNO APMOTJRTPHHQIIOTPTLOHPLRTRMNQKKPNRTJR PLNKOT?P>>KRHPNOTJRTMOMTFQKNRMQMCPTJQLLQ QIQHGCROMQT REEO>RLRPKQT RMT GQINROMQB 5QNNOT FPIIPDDROT JOAK3T QIIQKQT NOEFP= DMPNOTFQKTKRFKRINRMPKQTLOTINPNOTJQRTLGOD2R IQHOMJOTFKODQNNO T%QKTNPLRTP>GIRTMOMTKR= IGLNPTIRPTINPNPTKRH2RQINPTHOMHQIIROMQTRM IPMPNOKRPB S %QKNPMNO<TIRTTPAARIPTL0PDDRGJRHPNPKROTH2Q FQKT DLRT REEO>RLRT KQPLRCCPNRT RMT AROLPCROMQ JQLLPT MOKEPNRAPT GK>PMRINRHO=QJRLRCRP< FONK3<TTKRHOKKQMJOMQTRTFKQIGFFOINR<TTPAAP= LQKIRTJQLLPTJRIHRFLRMPTJRTHGRTPLL0PKNBT /TJQLLP LQDDQT +,.1THOEQTRMNQDKPNOTQTEOJR?RHPNO JPLL0PKNBT 'TJQLTARDQMNQT:B"TJQLL0QJRLRCRPT 5%)TT',', //6TMBT#./ TFGKH2 TFKQIQMNR JOEPMJPTJRTHOMHQIIROMQTOTFQKEQIIOTRM IPMPNOKRPTQMNKOT6 /TDROKMRTJPLLPTMONR?RHP JQLTJQHKQNOTJRTNKPI?QKREQMNOB S @LTFRPMOTEPMIPKJPTT$#TKRIGLNPTP>RNPNOTJPR JQ>RNOKRTQIQHGNPNRB S @T>QMRTFRDMOKPNRTMOMTKRIGLNPMOTDKPAPNRTJP ARMHOLRT T OT PLNKQT ?OKEPLRN3T FKQDRGJRCRQAOLR FQKT LQT GPLRT MOMT IRPT FOIIR>RLQT ONNQMQKQ L(OKJRMQTJRTHPMHQLLPCROMQBT S LRT T INQIIRT IOMOT FOINRT RMT AQMJRNPT MQLLO INPNOTJRT?PNNOTQTJRTJRKRNNOTRMTHGRTIRTNKOAPTQ FQKTHOEQTEQDLROTJQIHKRNNOTMQLLPTHOMIG= LQMCPT NQHMRHPT JRT G??RHROT T KQJPNNPT PT HGKP JPLL09KH2BT RDLROT RPMLGRDRTH2QTFONK3TQI= IQKQTHOMIGLNPNPTTFKQIIOTLOTINGJROTJQLTT;O= NPROTJQLQDPNOTPLT GPLQTFONKPMMOTH2RQJQKIR JRKQNNPEQMNQTEPDDROKRTRM?OKEPCROMRTTNQLQ= ?OMPMJOTPRTMGEQKRT/!.1,.6+'/=.+1'6 S @LTJQ>RNOKQTOTRLTHGINOJQTTHOMIQMNRKPMMOTLP ARIRNPTJQLTHOEFQMJROTFOINOTRMTAQMJRNPTMQR NKQTDROKMRTPMNQHQJQMNRTL0RMHPMNO<TJPLLQTOKQ 6'<#/TPLLQTOKQT6.B#/<TIPLAOTJRAQKIOTOKPKRO JPTHOMHOKJPKIRTHOMTRLT;ONPROTJQLQDPNOB 5RPEPMNQTL T .TIQNNQE>KQT /6 ( N.1!'(1 ! ! $$$$$ 9 @-7T5@T 8;5@:9 @&&7$@*@9)8T47;T@;49;:7 4BDGJDGKM=KJILNK@@J:KEKMGLN.?N9/# 7 FKOEOIIPTJP T $9;47T5@T;9%7*@T-%9 ! ! ! ;7:9@7T@;T5@9&9;:8 5QLQDPNO<TPRTIQMIRTJQLL0PKNB1!6T>RITHFH<TJPL RGJRHQTJQLL0QIQHGCROMQTJQLT:KR>GMPLQTJR %POLP<THOMTOKJRMPMCPTJQLT+TTMOAQE>KQT //1< MONR?RHPNPTRLT6 ,66, //1 )8;58T;7:7T4 8 " !@LTDROKMOT;*N.1 4 +4N9<;9NMEEL JGLN;7A<<N%)8--7T@*T-"7T-:"5@7T@; 5@9&9;:8<T4OKIOT RNNOKROT8EPMGQLQT PLLQKRPT -PMT $RPDROT IRT FKOHQJQK3T PLLP 8;5@:9T47;T@;49;:7T8T47;T"*:8= )@7)8T )@5" @7;8T 58*T %)8 7 $9-8T 509-:9T <T @;T *7::@T -8%9)9:@< 58 *@TT@&&7$@*@T-7::7T58-4)@::@B " :GNNQTLQTPNNRARN3TH2QTPRTIQMIRTJQDLRTPKNNB 1+'TQTIQDDBTHBFBHBTJQ>>OMOTQIIQKQTHOE= FRGNQTRMTHPMHQLLQKRPTOTJPAPMNRTPLTDRGJRHQ JQLL0QIQHGCROMQT OT JPLT HPMHQLLRQKQT OT JPL DRGJRHQT JQLL0QIQHGCROMQ<T IPKPMMOT Q??QN= NGPNQTJPLT;ONPROTJQLQDPNOTFKQIIOTRLTFKO= FKROTINGJROTRMT5RPEPMNQTTPLT4OKIOT RNNOKRO 8EPMGQLQTIMHBT " 18IKNJ55LGLIHLNLIHGJNELNJGLN;9?<< CLEN N 8KJGIJN DGLFLCLIHLN E KIFMIHJ CJ2G NDGLBLIHMGLNEMNDGJDGKMNCJ@MICM CKN DMGHLFKDM=KJILA RMT HPKNPT LQDPLQT HOM L0RMJRHPCROMQT HOEFLQNPT JQRT FKOFKRT JPNR PMPDKP?RHR<T HOJRHQT ?RIHPLQT QT JQLT KQDREQ
"
"
"
"
"
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
:JREIOGOKLORN>>PGMRGNI9RKMLP?PFNLM=RN CO@@MR D??PFPNJOR BPDHP@PNIPMR NPR FIOHPLMIP PGFIPLLPRORKMKRPKLOI>OKDLPRNPRGOKGPRHOJJ6NILA "#5RFAEAFAAORIOGLOI9RN??PGGMREOIRLIORBPMIKP FMKGOFDLP>PRNJJ6NJ<MRHOJR0IP<DKNJORHPR!NMJN OR GNI9R ED<<JPFP@@NLMR COHPNKLOR R J,R N??PG; GPMKORCDINJORKOJRFMCDKORHM>ORGMKMRD<P; FNLPRBJPRPCCM<PJPRORJNRED<<JPFN@PMKORGDJJN OHP@PMKOR HMCOKPFNJOR HOR DMLPHPNKMR R :J *MCNKPRHOJJNR2NJN<IPN =RKMKF/ RGDJRCOK; GPJOR 7GLO R OR GDJR GPLMR PKLOIKOL ANGLOAODBOKPDGAPL R
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
Q :JRHO<PLMIORMRPJRFDGLMHORRFMKGOKLPINKKMRJN >PGPLNRHOJRFMCEOKHPMREMGLMRPKR>OKHPLNRKOP LIORBPMIKPRNKLOFOHOKLPRJ6PKFNKLM=RHNJJORMIO 8&=$1RNJJORMIOR85A$1=RGNJ>MRHP>OIGMRMINIPM HNRFMKFMIHNIGPRFMKRPJR3MLNPMRHOJOBNLMA *PNCNKLORJ R%5RGOLLOC<IOR%18% # K/0),#0
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
N9TOPUMQV?R>>MTJRPQVLTVJITV?ROOQVHRMPUVTVLIU NQPPTVHQKPTVTOVEUOLTPRV V%VKPRPQVJQKPMITPQVTO RKKUOCRVLUNNRV7QOJUKKTQOUV1LTNTCTRBVHUM JITV%VKPRPRVHMUKUOPRPRVLQGROLRVLTVJQOA JUKKTQOUVTOVKRORPQMTRVRTVKUOKTVLUNNRVNUFFU /)8.'BHMQPDV ODV <//.V LUNV +@V KUPPUG>MU =,.(VTOVTPTOUMUDV6IPPRETRVNRVHMRPTJRVLTVJQOA LQOQVMTKINPRVTOJQGHNUPRD #V:OVLU?TOTPTER JQOVN9TOQNPMQVLTVPIPPRVNRVLQJIGUOPRCTQOU TOPUFMRPTERV MTJ*TUKPRV LRNN91OPUBV TETV JQGA HMUKQV TNV EUMKRGUOPQV LUNNRV LT??UMUOCR LUNN9Q>NRCTQOUV LQEIPRV GRFFTQMRPRV LUFNT TOPUMUKKTV UV RFFTQMORGUOPQV :!656BQNPMU RFNTV QOUMTV LTV IM>ROTCCRCTQOUV KUV LQEIPTB OQOVKTVUETOJQOQVGQPTETVQKPRPTETVRNVMTNRKJTQ LUNNRVJQOJUKKTQOUV1LTNTCTRVTOVKRORPQMTRD 6IPPRETRVKRM;VOUJUKKRMTQVUKUFITMUVTVNREQMT LTVRLUFIRGUOPQVKPRPTJQV LQHQVREUMVHMUA KUOPRPQVJ8QVN9I??TJTQVHMUHQKPQVTLQOUQVHMQA FUPPQV LTV RLUFIRGUOPQ KPRPTJQ#BJQOKTLUMRPQV J*UV TNV ?R>>MTJRPQ JQK BJQGUVMURNTCCRPQBOQOVMTKHUPPRVRNJIOT MU0ITKTPTVMTJ*TUKPTVLRNNRVNUFFUVKTKGTJRVETA FUOPUV VTOPUMRKKUVLUTVGIMTVGRUKPMTVHQMA PROPTV LTV GPV )D@@V UV KHUKKQMUV LTV RNJIOT GIMTVHQMPROPTVTO?UMTQMTVRNNRVOQMGR# D S $UMPROPQBVKTVVREETKRVN9RFFTILTJRPRMTQVJ*U HUMV FNTV TGGQ>TNTV MURNTCCRPTV TOV ETQNRCTQOU LUNNRV OQMGRPTERV IM>ROTKPTJQAULTNTCTRB HQPM;BVVMTJQMMUOLQOUVTVHMUKIHHQKPTBVVREERA NUMKTVLUNNRVLTKJTHNTORVLTVJITVRNN9RMPDV/@VLUNNR NUFFUV/)8.'VJQGUVTOPUFMRPQVUVGQLT?TJRPQ LRNN9RMPDV/(VLUNVETFUOPUV6D VLUNN9ULTNTCTRV 2$"VV(8(8<@@=VODV+.@#VHIMJ*%VHMUKUOPT LQGROLRVLTVJQOJUKKTQOUVQVHUMGUKKQVTO KRORPQMTRVUOPMQV=<@VFTQMOTVLRNNRVOQPT?TJR LUNVLUJMUPQVLTVPMRK?UMTGUOPQD S 39VRHHRMPRGUOPQVLTVJITVRNVNQPPQV5V%VIPTNTCA CRPQVLRTVHMQHMTUPRMTVKRNPIRMTRGUOPUVJQGU KUJQOLRVJRKRVOUNVHUMTQLQVUKPTEQVULVTNVFRA MRFUVETUOUVIPTNTCCRPQVJQGUVLUHQKTPQVUVFRA MRFUD S :V>UOTVHTFOQMRPTVOQOVMTKINPROQVFMRERPTVLR ETOJQNTV V QV RNPMUV ?QMGRNTP;V HMUFTILTCTUEQNT HUMV NUV 0IRNTV OQOV KTRV HQKKT>TNUV QPPUOUMU N QMLTOUVLTVJROJUNNRCTQOUDV S :NV 0IQCTUOPUV LTV PUMMUOQV KIV JITV TOKTKPUV TN ?R>>MTJRPQV MTJRLUV TOV CQORV RFMTPIMTKPTJR JQOKUMEROPUVNRVLUKPTORCTQOUVRFMTJQNRD S NTVVTGGQ>TNTVKQOQVHQKPTVTOVEUOLTPRVOUNNQ KPRPQVLTV?RPPQVUVLTVLTMTPPQVTOVJITVKTVPMQERVU HUMVJQGUVGUFNTQVLUKJMTPPQVOUNNRVJQOKIA NUOCRV PUJOTJRV LTV I??TJTQV V MULRPPRV RV JIMR LLUNV UQGDV RIMQV 3RG>UMPTV J*UV HQPM; UKKUMUVJQOKINPRPRVVHMUKKQVNQVKPILTQVLUN 4QPRTQVLUNUFRPQVRNV0IRNUVHQPMROOQVJ*TUA LUMKTVLTMUPPRGUOPUVGRFFTQMTVTO?QMGRCTQOT PUNU?QOROLQV RTV OIGUMTV @,.'8.=)(@A .)'(=# S :NVLU>TPQMUVQVTNVJIKPQLUVVJQOKUOPTMROOQVNR ETKTPRVLUNVJQGHUOLTQVHQKPQVTOVEUOLTPRVOUT PMUVFTQMOTVROPUJULUOPTVN9TOJROPQBVLRNNUVQMU =(B+@VRNNUVQMUV=.D+@BVKRNEQVLTEUMKQVQMRMTQ LRVJQOJQMLRMKTVJQOVTNV4QPRTQVLUNUFRPQD 2TRGROPUVN V<.VKUPPUG>MUV<@=< I # 2..'3 1 1##23 - ,(2 ((((( !1 DV 533: 1465"1 GCC=IA=7+$5:7: ' '!3 2..'3 1, 1 123"2.-,1 7 "56-"1 VLQPPDV7RMGUNQV2UV3UQ 542-V2:V&142:65V2:V 14:V - :3: 5V6"56656:&5V$":&565 :NVKQPPQKJMTPPQV2QPPDV7RMGUNQV2UV3UQBVJQOVKPILTQ TOV5TUPRVRNNRV&TRV4QPRMV3QGQORJQB+.VA7IMRPQMU LUNV RNNTGUOPQVVODV=/8<@=@BVHQOUVTOVEUOLTPRVT >UOTVKQPPQVUNUOJRPTBVFTIKPRVRIPQMTCACRCTQOUVLUN D2DVLUNVV,D@,D<@=<VUVLUNVJQGTPRPQVLUTVJMULTPQMTV %+))+3 " + A=I5IDE6FD< EIBGD1GBEIDE>9HBBE2G6HABH I##0333"IHI# 5",,+ A=I7IBDGBBFDHIB1= I #7)0 A=I7I6FBDE<HIB1 I ,:: 7-42: :-4:V2:V&142:65V 4 / 3RVEUOLTPRVREEUMM;VTOVNQPPQVIOTJQVGUA LTROPUVPMRPPRPTERVHMTERPRVRNV#,0**23MT>RKA KRPQVLTV I35=0::;:: QNPMUV:D&D5DV<= D 4 #V3RVEUOLTPRVLUTV>UOTVQFFUPPQVLUNVHMUA KUOPUVREETKQVREEUMM;VKUOCRVFRMROCTRVLT ETCTBVUETCTQOUVUVGROJROCRVLTV0IRNTP;VLUT >UOTBVKTJJ* VN9RNTUORCTQOUVLUFNTVKPUKKTVREA EUMM;VOUNNQVKPRPQVLTV?RPPQVUVLTVLTMTPPQVTOVJIT TV>UOTVKTVPMQEROQVRNN9RPPQVLUNVPMRK?UMTGUOPQD :OVOUKKIOVJRKQVVLTVETCTBVUETCTQOUBVGROA JROCRV LTV 0IRNTP;V QV RNPMQV TNV JQGHMRPQMU HQPM;VHMUPUOLUMUVLRNNRV$MQJULIMRVTNVMTKRMA JTGUOPQVLUTVLROOTVKI>TPTBVTOLUOOTP;VQVNR MUKPTPIACTQOUVLUNVHMUCCQVHRFRPQVULVTNVMTGA >QMKQVLUNNUVKHUKUD 4 / GI2HA?EBGII>EIBHDD IECI1EFDAFI,I % I5:75IGCCHIFDHI7);3:I9DH>>FICF >B8?EFI?HCI<8DGBFDHII?FBB=I%GD6HCFI H
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
F;NnbY`YbYZ k lhnfm^iejnbihneVl_`idgjnclnWieeiZnlhnWadgj bSladjZndaeejnPajemndjfTnjhhigjginjnbafj cmencmem^jgiZnlenhi_mZn`fm]ljnlcmhgl[lbjX \lihmZnnclnbSln_jgmflje_mhgmn`fi]]mcmnje cm`idlgiZnnlenhi_mncmenGl^hifn:YmYnmnej cjgjncmeeV1clmh\jncln]mhclgjYn k JmnWadgmndjfjhhinj`mfgmnlen^lifhin[lddjgi `mfnejnn]mhclgjnjeejn`fmdmh\jncm^elni[[mX fmhglYn k JVi[[mfgjn9nlffm]ibjWlemZn[jggmndje]mnemn`fmX ]ldlihln cln baln jeeVjfgYn F;Nn bY`YbZn mn ci]fT bihgmhmfm3 D 6 lenbi^hi_mZnhi_mZneai^inmncjgjnclnhjX dblgjnbiclbmn[ldbjemZnci_lbleliZndgjginbl]lemZ fmbj`lgingmem[ihlbincmendi^^mgginbalnjhcfT lhgmfmddjgineVl__iWlemn<hihndjfTn`iddlX Wlemn lhgmdgjfmn eVl__iWlemn jn di^^mggin clX ]mfdincjnPameeinbSmndiggidbfl]mneVi[[mfgj@Z lenPajemncm]mn`fmdmhgjfdlnjeeV1clmh\jn[ldX djgjn`mfnejn]mhclgjn<Bmfnlnbjdlnclnbi_aX hlihmnem^jemZnncln_lhifmhhlZnclndiblmgTnmc jegflnbjdln`jfglbiejflndlnflh]ljnjeeVifclhjh\j cln]mhclgj@Cn D 6Clncjglnlcmhgl[lbjgl]lncmenWmhmn`mfnlenPajem eVi[[mfgjn9n`fi`idgjC D 6C eVlhclbj\lihmn cmen `fm\\in i[[mfgin bSm hihn`igfTnmddmfmnlh[mflifmnnjen`fm\\inj Wjdmn cVjdgjn di`fjn lhclbjgin jn `mhjn cl mdbeadlihmC D 6Cjddm^hinblfbiejfmnhihngfjd[mflWlemnnlhX gmdgjginjn.BfibYnQdmbagl]jnhYn;>?>;ndmX ^algin cjen hi_mn cmen cmem^jgin `mfn ah l_`ifgin`jflnjenNO'ncmen`fm\\ini[[mfginj glgieinclnbja\lihmnbSmndjfTngfjggmhaginlh bjdinclnfl[lagincmeeVjbPaldgiC D 6Cjddm^hinblfbiejfmnhihngfjd[mflWlemnnlhX gmdgjginjn.BfibYnQdmbagl]jnhYn;>?>;ndmX ^algin cjen hi_mn cmen cmem^jgin `mfn ah l_`ifgin`jflnjenNF'ncmen`fm\\ini[[mfginj
* glgieinclnjhglbl`ind`mdm D 6 lengmf_lhmncln`j^j_mhgincmen`fm\\inm cm^elnihmflnbihhmddln<hihnda`mfliflnjn6O ^lifhlncjeeVj^^laclbj\lihm@C D 6 eVmd`fmddjnclbSljfj\lihmnclnj]mfn`fmdi ]ldlihmncmeejn`mfl\ljnclndgl_jnmncmeeVifclX hjh\jncln]mhclgjC D 6 [igibi`ljn cmen ciba_mhgin cVlcmhglgT cmeeVi[[mfmhgmC D 6Ci^hlnjegfinmem_mhginaglemnjeejn]jeagjX \lihmncmeeVi[[mfgjY k JVi[[mfmhgmZncm`idlgjhcini[[mfgjZnclbSljfj clnbihidbmfmneindgjgincmeeVl__iWlemY k Uen]mfdj_mhgincmen`fm\\inmncmeemnd`mdm clngfjd[mfl_mhginci]fTnj]]mhlfmnmhgfin6O ^lifhlncjeeVj^^laclbj\lihmn<inhmen_lhifm gmf_lhmnm]mhgaje_mhgmnlhclbjginhmeeVi[X [mfgjnlhnWadgjnbSladj@Zn_mcljhgmnjddm^hl blfbiejflnhihngfjd[mflWlelnlhgmdgjglnjn.BfibY Amln h#n ;>?>;n cmem^jgin n ciggYn *mfhjhci Ljeclmfi/Cnln`fmcmgglnjddm^hlndjfjhhin]mfX djglndanelWfmgginclncm`idlginWjhbjflinjbX bmdin `fmddin eVj^mh\ljn cln Lmgfjfin cmeej 2jhbjnLjfl_mnd`jZnlhgmdgjginjeejn`fibmX cafjn mn ]lhbiejgin jeeVifclhmn cmen Gl^hif :YmYY k $ajeifjndljndgjginj\lihjginhmeejn`fibmX cafjnmdmbagl]jnahnnLfmclgin*ihcljfliZnjl dmhdlncmeeVjfgYn6Nncmeejnhai]jnJm^^mn2jhX bjfljn<HYJ^dYnN?O>?N>>5nhYn5DF@ZneVj^^laX clbjgjfliZnlenPajemnhihnlhgmhcjnj]]jemfdl cmeejn[jbiegTnclndaWmhgfjfmnhmenbihgfjggi cln[lhjh\lj_mhgiZnci]fTn]mfdjfmnclfmggjX _mhgmn jeeVldglgagin cln bfmclgin [ihcljfliZ mhgfinlengmf_lhmncln^lifhln6OncjeejncjgjncmeX eVj^^laclbj\lihmZnejn`jfgmncmen`fm\\inbifX fld`ihcmhgmnjenbi_`emddl]inbfmclgincmeei dgmddiY k Un`jfgmbl`jhglnjeeVjdgjnSjhhinejn`iddlWlelgT clniggmhmfmn_agalnl`igmbjfln`mfnahnl_`ifgi
k k
k k k k k k
k
[lhinjcnahn_jddl_incmen;O?DO'ncmen]jX eifmncmeeVl__iWlemnbi_mndgl_jginhmeejn`mX fl\ljn jn gjddln mn bihcl\lihln mbihi_lbSm `fmdgjWlelglncjni^hlndlh^iejnWjhbjYn JmnWjhbSmnjcmfmhglnjeeVlhl\ljgl]jndihi3 X2jhbjn=ihgmncmlnBjdbSlnclnGlmhjndY`YjZ *leljemnclnBjiejn<Hlfm\lihmnclnAm^^linLjX ejWfljn)nGmggifmn`ficigglnAmgjleXn8ljemnLjX ejWfljn jh^iein 8lbin GjhgVRhhjn XD>N5N Am^^lin LjejWfljn MmeY O>7F?5F567F?6;D?67DC X1hlbfmclgn2jhbjndY`YjYZnj^mh\ljn1hlbfmX clgn cln Lidmh\jZn NE;n jh^Yn Mj^elj_mhgiZ Lifdin=j\\lhlC X2jhbjn Ljfl_mn [leljemn cln Bjiejn gme O>DE?FDEFNFC X2jhbjn`i`iejfmnclnLfigihmndY`YjYZn[leljem cln BjiejZn 8ljemn =jhhjflhin FFXF;n gme O>DE?FDED;ECn mn dihin bihdaegjWleln daen dlgin cmeeVR2U <Sgg`3??0005YjWlYlg?RdgmU__?@nY Un`jfgmbl`jhglnjeeVjdgjndihin`mfgjhginlh]lX gjglnjnbihgjggjfmZnPajeifjn]lnjWWljhinlhgmX fmddmZnemnWjhbSmnjcmfmhglnjeeVlhl\ljgl]jY $ajeifjn ejn ]mhclgjn dmh\jn lhbjhgin hih jWWljn eai^in `mfn _jhbjh\jn cln i[[mfgm cVjbPaldgin`fi`idgmnmhgfinlengmf_lhmndgjX WlelgiZn`mfnlhm[[lbjbljncmeemni[[mfgmn<jfgYnF;N bi__jnEnbY`YbY@nin`mfnclddmhdincmenbfmX clgifmn`fibmcmhgmnjn[fihgmnclnahVahlbjni[X [mfgjZn len diggidbflggin `fi[mddlihldgj cmem^jgin `fi]]mcmfTn jn [lddjfmn ejn cjgj cmeejn ]mhclgjn bihn lhbjhgin `fm]ljn m_ldX dlihmncmeeVj]]ldinm&njfgYnF;7nbY`YbYZnjen_mX cmdl_in`fm\\inWjdmY 1hjnbi`ljncmen`fmdmhgmn]mffTnj[[lddjnm& `fl_inbi__jnjfgYn6>OnbY`YbZnjegfjnbi`lj ]mffTn `aWWelbjgjn daeeVmcl\lihmn ci_mhlX bjemncmennPaiglcljhin.UenHi_jhlncmeejnLjX ejWflj/Zn daen =mhdlemn .Rdgm/n mn daln dlgil
lhgmfhmgn 000YjdgmYma^mhladYlgn m 000YjdgmjhhahblYlgY k =j^^liflnlh[if_j\lihln`iddihinmddmfm [ifhlgmncjeejnLjhbmeemfljncmeemnmdmba\lihl l__iWleljflncmenMflWahjemnclnBjiejZnAlihm :ljhbihgmdlZn`fl_in`ljhiZnjnbSlahPamn]l jWWljnlhgmfmddmY k Maggmnemnjggl]lgTZnbSmZnjnhif_jncm^elnjfggY F;Nnmndm^amhglZncm]ihinmddmfmnbi_`lagm lhnbjhbmeemfljnincj]jhglnjenGl^hifn:YmYZni cjenbjhbmeelmfmnincjenGl^hifn:YmYZndihi mdm^algmncjenncmem^jgin`fmddinlendaindgaX cliYn k LadgicmncmlnWmhln9nlencfYnRhgihlinLjflcl gmeYnO>DFnDNENNXnDNEN6Y k Gln`aWWelbSlnhmeemn[if_mnclnbalndi`fjY :YaS\]I`WW^][^WZ_aX`Y`J_Z] *B??C @8>A>-BC A'-=@8BC LmgfjfinOF?NO?EONE