Spanish PEI Settlement Strategy

Page 1

! !

Estrategia de radicaci贸n !

de Prince Edward Island !

Una Comunidad de Una Isla acogedora cuyos servicios y apoyo para los nuevos pobladores contribuyen a tener una provincia pr贸spera y con diversidad cultural. !"#$%&'(")*#*$*+$!"#$,-.#$#/&0+*&1#$/(2&-$-+13)/)&-$ 2$#4&2&$4#1#$.&-$"(+3&-$4&5.#*&1+-$/&"61)5(2+"$#$ Octubre de 2010 6+"+1$("#$41&3)"/)#$417-4+1#$2$/&"$*)3+1-)*#*$/(.6(1#.8$ $ 5432 Any Street West, Townsville, State 54321 9/6(51+$*+$:;<;$ Tel 555.543.5432 Fax 555.543.5431 ! WWW.YOURWEBSITEHERE.COM


! ! ! ! ! ! ! ! ! ! "#$%&$'()&!*'!+&*),&,)-.!*'!/%).,'!"*0&%*!1#2&.*!

! 3,$45%'!*'!6787! !


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

J..*$!K:!L*='1&..5!M"$"()%0! N&'*%)*=&$)0!-&!4$$09*+",$!@!J'%&$-"7*>&!J9*$7*-0!

!

"! !


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

""! !


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

!

"""! !


!

9":;<="!>"?!91:1;@+3CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC 1 /+A?3B3 CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC 11 /<+@"!D:3E!"?!F3:@"G@3!/<+<!?3;!;"+H1F13;!>"!+<>1F<F1A:!":!/+1:F"!">I<+>!1;?<:> ! 8 X:Y

4$)%0-<++",$ :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::Z

Z:Y B*!E#L#W4NJN!N#!FEJ!#W[8J[#/4J!N#!8JN4LJL4\E!N#!'&":::::::::::::::::::::::::::::::::] Z:X N&=06%*DC*!-&!2#4 :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::] Z:Z

B0(!1&$&D"+"0(!-&!*)%*&%!@!%&)&$&%!*!$<&90(!'01.*-0%&(!&$!.*!"(.* ::::::::::::::::::::^

Z:_

80.&(!@!%&('0$(*1"."-*-&(!-&.!601"&%$0!D&-&%*.!@!'%09"$+"*. :::::::::::::::::::::::::::::`

_:Y 2#8W2#L[4KJ!/#E#8JBa!BVW!EF#KVW!2VbBJNV8#W :::::::::::::::::::::::::::::::::::::::::::XY _:X 4$="6%*+",$!&I)%*$>&%*!-&!2#4::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::XY _:Z

MH)0-0!-&!"$6%&(0 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::XX

_:_

2*C(!-&!0%"6&$:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::X_

_:c

N&=06%*DC* ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::Xc

_:]

M0)"90(!'*%*!&.&6"%!2#4 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::X`

c:Y JLL4VE#W!JL[FJB#W!N#!BJ!28VK4EL4J!N#!2#4::::::::::::::::::::::::::::::::::::::::::::::::::::ZY c:X /*()0(!'%09"$+"*.&(!*+)<*.&(::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::ZY c:Z

N&'*%)*=&$)0!-&!4$$09*+",$!@!J'%&$-"7*>&!J9*$7*-0:::::::::::::::::::::::::::::::::::ZZ

c:_

N&'*%)*=&$)0!-&!#-<+*+",$!@!N&(*%%0..0!-&!.*!E"U&7 ::::::::::::::::::::::::::::::::::::Z^

c:c

N&'*%)*=&$)0!-&!W*.<-!@!b"&$&()*% ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::Zd

c:]

N&'*%)*=&$)0!-&!W&%9"+"0(!L0=<$")*%"0(5!J-<.)0(!M*@0%&(!@!-&![%*1*>0 :::::_X

c:e

N&'*%)*=&$)0!-&![%*$('0%)&!@!8&$09*+",$!-&!4$D%*&()%<+)<%*::::::::::::::::::::::_X

c:^

N&'*%)*=&$)0!-&![<%"(=0!@!L<.)<%* :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::__

c:` !

N&'*%)*=&$)0!-&!P"$*$7*(!@!J(<$)0(!M<$"+"'*.&(!f!L0="(",$!-&!W&%9"+"0(!2T1."+0( _c

c:d

N&'*%)*=&$)0!-&!g<()"+"*!@!W&6<%"-*-!2T1."+*::::::::::::::::::::::::::::::::::::::::::::::::_]

c:XY N&'*%)*=&$)0!-&!J6%"+<.)<%* ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::_] c:XX N&'*%)*=&$)0!-&!2&(+*5!J+<"+<.)<%*!@!N&(*%%0..0!8<%*. :::::::::::::::::::::::::::::::::_e ! !


!

c:XZ N&'*%)*=&$)0!-&!M&-"0!J=1"&$)&5!#$&%6C*!&!4$6&$"&%C*!P0%&()*. :::::::::::::::::_^ c:X_ 8&(<=&$!-&.!+0='%0="(0!+0='%01*-0!-&!2#4!+0$!.0(!$<&90(!'01.*-0%&( :::_` /<+@"!>3;E!?<!";@+<@"B1<!>"!+<>1F<F1A:!>"!/+1:F"!">I<+>!1;?<:> CCCCCCCCCCCCCCCC J8 ]:Y N#WJ88VBBV!N#!BJ!#W[8J[#/4J::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::cZ ]:X N&D"$"+",$!-&!%*-"+*+",$ ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::cZ ]:Z

N&+.*%*+",$!-&!.*!9"(",$ :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::c_

]:_

2%"$+"'"0(!(<1@*+&$)&(!'*%*!.*!#()%*)&6"*!-&!8*-"+*+",$!-&!2#4::::::::::::::::::::::cc

e:Y

B4N#8Jh/V!N#B!/Vb4#8EV!N#!2%"$+&!#-3*%-!4(.*$- ::::::::::::::::::::::::::::::::::::::::::c`

^:Y BJ!#W[8J[#/4J!N#!8JN4LJL4\E!N#!2#4 :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::]X ^:X 4$"+"*)"9*(!-&!.*!&()%*)&6"* :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::]X ^:Z

O*1"."-*-&(!"-"0=?)"+*( :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::]Z

^:Z:X L*'*+")*+",$!"-"0=?)"+*!'*%*!*-<.)0( ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::]Z ^:Z:Z L*'*+")*+",$!"-"0=?)"+*!'*%*!&()<-"*$)&(!-&!ijXZ ::::::::::::::::::::::::::::::::::::::::::]c ^:_ V'0%)<$"-*-&(!+0=&%+"*.&(!@!.*10%*.&(:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::]] ^:_:X bT(;<&-*!-&!)%*1*>0!@!&='.&0 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::]] ^:_:Z #='%&$-"="&$)0!&!"$9&%(",$!&='%&(*%"*.::::::::::::::::::::::::::::::::::::::::::::::::::::::::]^ ^:_:_ #()<-"*$)&(!)&%+"*%"0(!0!<$"9&%(")*%"0( :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::]d ^:c L*."-*-!-&!9"-*:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::eX ^:c:X 4$D0%=*+",$!(01%&!.*!%*-"+*+",$:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::eZ ^:c:Z J)&$+",$!=H-"+* ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::e_ ^:c:_ 8&-&(!+0=<$")*%"*(::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::e_ `:Y [8JbJgV!LVEgFE[V!N#!BJW!2J8[#W!4E[#8#WJNJW ::::::::::::::::::::::::::::::::::::::::::::e] `:X B*!6&$)&!-&!2#4:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::ee `:Z: B*!J(0+"*+",$!-&!2#4!'*%*!E<&90(!201.*-0%&(!-&!L*$*-? :::::::::::::::::::::::::::::::e^ `:_

#.!/01"&%$0!-&!L*$*-? ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^Y

`:c

L0=<$"-*-!&='%&(*%"*.:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^Y

`:]

/%<'0(!-&!(&%9"+"0(::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^X

`:e

V)%*(!'%09"$+"*( :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^Z

! !


!

d:Y FEJ!#W[8J[#/4J!#P4LJ7 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^_ d:X J$?."("(!@!&9*.<*+",$ ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^_ d:Z

8&+0=&$-*+",$!'*%*!<$*!%*-"+*+",$!&I")0(* ::::::::::::::::::::::::::::::::::::::::::::::::::^_

d:Z:X 8&+0=&$-*+"0$&( ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^] d:Z:Z 8&+0=&$-*+"0$&( ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^] XY:Y LVELBFW4\E::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::^^ <:"G3E!+";D9":!>"!1:1F1<@1H<;!;DB"+1><;!K!+";D?@<>3;!";/"+<>3; CCCCCCCCCCCCCC LM ! !

! !


!

?)#$&!*'!N)(4%&#!O!&5%'P)&$4%&#! B"()*!-&!D"6<%*(! P"6<%*!X! N"()%"1<+",$!&)*%"*!-&!.*!'%09"$+"*!-&!2#4!@!+0=<$"-*-&(!(&.&++"0$*-*(! P"6<%*!Z! 4$="6%*+",$!&I)%*$>&%*!-&!2#4!k%&("-&$+"*!'&%=*$&$)&la!Xdd]jZYYd! P"6<%*!_! 2&%D".!-&!.0(!$<&90(!'01.*-0%&(!-&!2#4!ZYY`mZYYd! P"6<%*!c! J<=&$)0(!-&.!6*()0!'%09"$+"*.!@!+*$)"-*-!-&!$<&90(!'01.*-0%&(!-&!2#45!ZYY^j ZYYd! P"6<%*!]! 8&(<=&$!-&!.*(!*+)"9"-*-&(!-&.!601"&%$0!'%09"$+"*.!%&.*+"0$*-*(!+0$!.0(!(&%9"+"0(! -&!%*-"+*+",$! P"6<%*!e! P*(&(!-&!.*!%*-"+*+",$! P"6<%*!^! 8*-"+*+",$a!<$!'%0+&(0!"$)&%*+)"90! P"6<%*!`! 2%"$+"'"0(!-&!.*!#()%*)&6"*!-&!8*-"+*+",$! P"6<%*!d! 2*%)&(!"$D.<@&$)&(!&I")0(*(!'*%*!.*!%*-"+*+",$! P"6<%*!XY! 2*%)&(!"$)&%&(*-*(!&$!.*!%*-"+*+",$! ! B"()*!-&!)*1.*(! [*1.*!X!! 8&("-&$)&(!'&%=*$&$)&(!-&!2#4!*.!Xn!-&!><."0!-&!ZYYd! [*1.*!Z!! 8&("-&$)&(!)&='0%*.&(!-&!2#4!*.!Xn!-&!><."0!-&!ZYYd! [*1.*!_!! 8&("-&$)&(!'&%=*$&$)&(!-&!2#4!(&6T$!.0(!XY!'*C(&(!-&!0%"6&$!'%"$+"'*.&(! [*1.*!c!! 8&("-&$)&(!'&%=*$&$)&(!-&!L*$*-?!'0%!&-*-!-&!ZYY`! [*1.*!]!! 8&("-&$)&(!'&%=*$&$)&(!-&!L*$*-?!'0%!$"9&.!-&!&-<+*+",$!-&!ZYY`! [*1.*!e! 8&("-&$)&(!'&%=*$&$)&(!-&!L*$*-?!'0%!$"9&.!-&!&-<+*+",$!@!?%&*!-&!0%"6&$!-&! ZYY`! [*1.*!^!! V+<'*+"0$&(!=&)*!"$)&%$*+"0$*.&(!+0$!%&+0$0+"="&$)0!$*+"0$*.! [*1.*!`!! M&-"+",$!-&!.0(!"$-"+*-0%&(!+<*$)")*)"90(!-&.!HI")0! ! B"()*!-&!*1%&9"*)<%*(! L4L! ! L"<-*-*$C*!&!4$="6%*+",$!-&!L*$*-?! LBb! ! 8&D&%&$+"*(!4-"0=?)"+*(!-&!L*$*-?! #JB! ! 4$6.H(!+0=0!4-"0=*!J-"+"0$*.! #JW! ! W&%9"+"0(!-&!J("()&$+"*!B*10%*.! #WB! ! 4$6.H(!+0=0!W&6<$-0!4-"0=*! PJB! ! P%*$+H(!+0=0!4-"0=*!J-"+"0$*.!

!


!

Po8! 4#O2! 44N4! 4M/! 4WJ2!

! ! ! ! !

BMNJ! ! BMJ! ! B4EL! ! 2#4JEL!! 2E2! ! 2WL! ! 8J2! ! WJM! ! W2V! !

!

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


!

/<+@"!D:3E!"?!F3:@"G@3!/<+<!?3;!;"+H1F13;!>"! +<>1F<F1A:!":!/+1:F"!">I<+>!1;?<:>! !

! !

! !


!

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

=+$>#1?$("$'#2&1$>)"/#4)@$+"$/&"-61()1$ "(+-61#$4&5.#/)7"A$+-6&$)"/.(2+$'?-$#4&2&$ 4#1#$#2(*#1$#$.&-$1+/)@"$..+0#*&-$#$ )"6+01#1-+$2$1#*)/#1-+A$4&")+"*&$@"B#-)-$ +"$#61#+1$#$)"')01#"6+-$/#4#/)6#*&-A$2$ ("#$41)&1)*#*$'#2&1$+"$.#$5C-D(+*#$*+$ +-6(*)#"6+-$+E61#"F+1&-G8$

#$!.0(!T.)"=0(!-"&+"0+A0!=&(&(5!.*!W&+%&)*%C*! -&!201.*+",$!-&!2#4!A*!&$+*%6*-0! "$9&()"6*+"0$&(!@!01)&$"-0!.*!0'"$",$!-&!=?(! -&!cY!0%6*$"7*+"0$&(!$0!6<1&%$*=&$)*.&(!@! "#$%&$'()&!*'!/%Q#R'%)*&*!*'!2&!1#2&! -&!'*%)&(!"$)&%&(*-*(!;<&!%&'%&(&$)*$!*!.0(! $<&90(!'01.*-0%&(5!'%09&&-0%&(!-&!(&%9"+"0(! @!+0=<$"-*-&(:!W&!(0."+"),!.*!0'"$",$!@!.*!&I'&%"&$+"*!&$!%&.*+",$!+0$!.*! %*-"+*+",$!*!)0-0(!.0(!-&'*%)*=&$)0(!-&.!601"&%$0!'%09"$+"*.!*!)%*9H(!-&.! #;<"'0!-&![%*1*>0!(01%&!.*!4$="6%*+",$!-&.!K"+&="$"()%0:!! N&!*+<&%-0!+0$!-"+A*(!+0$(<.)*(5!(&!A*!*+0%-*-0!;<&!.*!#()%*)&6"*!-&! 8*-"+*+",$!-&!2#4!-&1&a!! •

0D%&+&%!(&%9"+"0(!&$!D0%=*!+0$)"$<*5!-&(-&!.*!..&6*-*!-&.!$<&90! '01.*-0%!A*()*!.*!%*-"+*+",$!&I")0(*G!

(<'&%*%!01()?+<.0(!"-&$)"D"+*-0(!'*%*!.06%*%!.*!"$)&6%*+",$!&I")0(*! *!)%*9H(!-&!.*!"='.&=&$)*+",$!-&!"$"+"*)"9*(!&D"+*+&(G!

"$90.<+%*%!*!)0-*(!.*(!'*%)&(!"$)&%&(*-*(G!

2?6"$*!Z! !


!

(&%!A&+A*!*!&(+*.*!@!'0-&%!*-*')*%(&!*!.0(!+*=1"0(!-&!.*! '01.*+",$G!

+0=<$"+*%!+.*%*=&$)&!.0(!1&$&D"+"0(!-&!<$*!=*@0%!%&)&$+",$!@! -"9&%("-*-!*!.0(!%&("-&$)&(!-&!.*!"(.*G!

"$)&6%*%(&!+0$!.*(!'0.C)"+*(!@!.0(!'%06%*=*(!'%09"$+"*.&(!9"6&$)&(G!

+<*$-0!(&*!'0("1.&5!0D%&+&%!*!.*(!+0=<$"-*-&(!%<%*.&(!@!*!.0(! $<&90(!'01.*-0%&(!;<&!9"9&$!&$!-"+A*(!+0=<$"-*-&(5!*++&(0!*! '%06%*=*(!@!*'0@0:!!

B*!#()%*)&6"*!-&!8*-"+*+",$!(&!9"$+<.*%?! +0$!"$"+"*)"9*(!=?(!6%*$-&(!-&.!/01"&%$0! -&!2#4!*!.0(!D"$&(!-&!1%"$-*%!*'0@0!@! &()"=<.*%!&.!+%&+"="&$)0!(<()&$)*1.&!-&!.*! '01.*+",$!@!-&!.*!&+0$0=C*!*!)%*9H(!-&! "$"+"*)"9*(!&()*1.&+"-*(!&$!.*!"#$%&$'()&!*'! +%,#-'%)*&*!*'!.&!/#.&!@!&.!+.&0!*'!122)30! 45%&.:! L0$><$)*=&$)&!+0$!&()*(!&()%*)&6"*(!@! '.*$&(5!2#4!'%0=<&9&!<$!&$)0%$0!;<&! HI.$0&5)+1"&$41&3)"/)#.$-+$/&'41&'+6+$#$ "='<.(*%?!&.!-&(*%%0..0!&+0$,="+0!@!(0+"*.!*! #.+"6#1$.#$)"')01#/)7"$2$.#$1+6+"/)7"$*+$.#$ )%*9H(!-&!.*!%*-"+*+",$!-&!.0(!$<&90(! 4&5.#/)7"$+"$.#-$J&"#-$1(1#.+-$*+$K1)"/+$ '01.*-0%&(!@!-&!.*!<)"."7*+",$!-&!.*! I*L#1*$,-.#"*G8$ "$-&'&$-&$+"*!@!-&.!"$6&$"0!-&!.*!"(.*!'*%*! *-*')*%(&!*!<$!=&%+*-0!=<$-"*.:!B*! /2&.!*'!<,,)-.!+4%&2! "$-<()%"*!-&!.*!"(.*!*9*$7*!A*+"*!<$!=0-&.0! 1*(*-0!&$!p'%0-<+)0(!(<'&%"0%&(!T$"+0(!@!-"D&%&$+"*-0(!@!&$D0;<&(! '%0-<+)"90(!(<()&$)*1.&(q:!B*!"$$09*+",$!&(!9")*.!'*%*!-&(*%%0..*%!.*! '%0-<+)"9"-*-!@!'%0-<+)0(!$<&90(!+0$!<$!9*.0%!(<'&%"0%5!;<&!(&!p1*(*$! '<%*=&$)&!&$!.*!+*'*+"-*-!A<=*$*!@!.*!"$D%*&()%<+)<%*!-&!*9*$7*-*q! k2%0('&%"-*-!-&!.*!4(.*a!F$!#$D0;<&!'*%*!&.!L*=1"0l:!V)%*(!><%"(-"++"0$&(! A*$!-&(+<1"&%)0!;<&!.0(!$<&90(!'01.*-0%&(!+0$!*')")<-&(!*@<-*$!*! +0$()%<"%!<$*!+<.)<%*!-&.!)%*1*>0!;<&!(&!1*(*!&$!<$*!=&$)*."-*-!-"9&%(*!

2?6"$*!_! !


!

&$!<$!=0=&$)0!&$!&.!;<&!&.!9&%-*-&%0!'0)&$+"*.!+0=&%+"*.!%&+*&!=?(! ;<&!$<$+*!&$!.*!"$$09*+",$:!! F$*!$0)*!-&.!'&%",-"+0![0%0$)0!W)*%!-&.!*U0!ZYY`!"$D0%=*1*!;<&!*! -"D&%&$+"*!-&!.*!(*1"-<%C*!+0$9&$+"0$*.5!p*!.0(!"$="6%*$)&(!-&!+"<-*-&(! '&;<&U*(!-&!L*$*-?!@!-&!70$*(!%<%*.&(!.&(!9*!=&>0%!D"$*$+"&%*=&$)&!;<&! *!*;<&..0(!;<&!(&!+0$6%&6*$!&$![0%0$)05!K*$+0<9&%!@!M0$)%&*.q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

2?6"$*!c! !


!

! 6C7! ?<!:"F";1><>!>"!D:<!";@+<@"B1<!>"! +<>1F<F1A:!>"!/"1! 6C8! >'TQ(%&NX&!*'!/"1! 2#4!(<D%&!<$*!-"(="$<+",$!-&!.*!'01.*+",$:!#.!+%&+"="&$)0!$*)<%*.!-&!.*!'01.*+",$! k$*+"="&$)0(!=&$0(!-&+&(0(l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

2?6"$*!]! !


!

$ M)0(1#$<$N$O)-61)5(/)7"$+6#1)#$*+$.#$41&3)"/)#$*+$KI,$2$/&'(")*#*+-$-+.+//)&"#*#-$

! 65'0$'7!899:!;'0#,!-,%!'*&*!<!#5=*)>)#)30!*'.!2'0#,!*'!+"/?!/0#$)$5$,!*'!"#$&*@#$)2&#!*'!;&0&*A?! B)>)#)30!B'C,(%AD)2&!

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

2?6"$*!e! !


!

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

X

!JR1*%"5!J)A&%!O:5!M*+N0$*.-:!g*=&(![&-5!*$-!8*$R*-<3*5!r"=*.5!W0+"0&+0$0="+!*$-! N&=06%*'A"+!2%0D".&(!0D!4=="6%*$)(!"$!2%"$+&!#-3*%-!4(.*$-5!-"+"&=1%&!-&!ZYY^!

2?6"$*!^! !


!

"$="6%*$)&(!-&![0%0$)05!M0$)%&*.!@!K*$+0<9&%5!@!;<&-*!+.*%0!;<&! *'5'TQ#!'#$&%!&$'.$Q#!&!2&!,&2)*&*!O!2&!,&.$)*&*!*'!#'%P),)Q#!W4'! QN%','TQ#!&,$4&2T'.$'!R&%&!%'$'.'%!&!.4'PQ#!RQ52&*Q%'#!O!5%).*&%2'#! &RQOQ!R&%&!U&,'%!W4'!/"1!#'!,Q.P)'%$&!'.!#4!UQ(&%!R'%T&.'.$'C!!

! !

6CY! +Q2'#!O!%'#RQ.#&5)2)*&*'#!*'2!(Q5)'%.Q!N'*'%&2!O! R%QP).,)&2! #.!/01"&%$0!-&!2%"$+&!#-3*%-!4(.*$-!)"&$&!<$!*+<&%-0!+0$!&.!/01"&%$0!-&! L*$*-?!;<&!.&!'&%=")&!*!.*!'%09"$+"*!)&$&%!<$!%0.!=?(!-"%&+)0!'*%*! (&.&++"0$*%!*!.0(!"$="6%*$)&(!;<&!-&(&&$!&()*1.&+&%(&!&$!.*!'%09"$+"*:! #()*!T.)"=*!%&+"1&!(0."+")<-&(!@!'0()<.*!*!'&%(0$*(!;<&!%&T$&$!.0(! %&;<"(")0(!@!(<(!D*="."*(!*$)&!.*!-"9"(",$!-&!L"<-*-*$C*!&!4$="6%*+",$!-&! L*$*-?!kL4Ll!'*%*!;<&!01)&$6*$!.*!%&("-&$+"*!'&%=*$&$)&!&$!L*$*-?:! #()&!&$D0;<&!+0='*%)"-0!0!-&!+0.*10%*+",$!A*+"*!.*!"$="6%*+",$!A*! '&%=")"-0!;<&!=?(!'01.*-0%&(!$<&90(!..&6<&$!*!2#4:![*=1"H$!(&!A*! %&6"()%*-0!<$!*<=&$)0!-&!.*!+*$)"-*-!-&!$<&90(!'01.*-0%&(!;<&!$0! %&T$&$!.0(!%&;<"(")0(!'*%*!01)&$&%!&.!*'0@0!-&!.0(!'%06%*=*(!D&-&%*.&(:! #()0(!D*+)0%&(!k><%"(-"++",$!+0='*%)"-*5!$<&90(!'01.*-0%&(!;<&!$0! %&T$&$!.0(!%&;<"(")0(l!A*$!9<&.)0!=?(!+0='.&>*!.*!'%09"(",$!-&!(&%9"+"0(! '*%*!*@<-*%!*!.0(!$<&90(!'01.*-0%&(!*!&()*1.&+&%(&!&$!$<&()%*!'%09"$+"*:! #$!%&('<&()*!*!.*(!$&+&("-*-&(!-&!.0(!$<&90(!'01.*-0%&(5!.*!2%09"$+"*!-&! 2%"$+&!#-3*%-!4(.*$-!A*!-&()"$*-0!+*$)"-*-&(!("6$"D"+*)"9*(!-&!D0$-0(! '*%*!'0-&%!0D%&+&%!=?(!+*$)"-*-!-&!(&%9"+"0(!@!(&%9"+"0(!=?(! &('&+"*."7*-0(5!(&6T$!(&!-&)*..*!&$!.*!W&++",$!c:Y:!! #.!/01"&%$0!-&!L*$*-?5!*!)%*9H(!-&!-&'*%)*=&$)0(!@!0%6*$"(=0(5!+0=0! '0%!&>&='.0!.*!L4L!@!&.!V%6*$"(=0!-&!W&%9"+"0(!B"=C)%0D&(!-&!L*$*-?5! +0$)%0.*!&.!"$6%&(0!-&!)0-0(!.0(!&I)%*$>&%0(!&$!L*$*-?:!#.!601"&%$0! D&-&%*.!)"&$&!.*!*<)0%"-*-!-&D"$")"9*!&$!%&.*+",$!+0$!;<"H$!'<&-&!0!$0! '<&-&!"$6%&(*%!&$!&.!'*C(:!!

2?6"$*!`! !


!

J!)%*9H(!-&!-"9&%(0(!'%06%*=*(5!&.!601"&%$0!D&-&%*.!0D%&+&!D"$*$+"*+",$!*! .*(!V%6*$"7*+"0$&(!2%09&&-0%*(!-&!W&%9"+"0(!kW2Vl5!+0=0!'0%!&>&='.05!.*! J(0+"*+",$!-&!2#4!'*%*!E<&90(!201.*-0%&(!-&!L*$*-?!k2#4JELl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kWJMl:!#.!WJM!<)"."7*!<$!'%0=&-"0!=,9".!-&!)%&(!*U0(!-&!.*! &$)%*-*!-&!p%&("-&$)&(!'&%=*$&$)&(q!'*%*!;<&!+*-*!'%09"$+"*!0! )&%%")0%"0!-"()%"1<@*!.0(!D0$-0(:!#.!"$6%&(0!-&!p%&("-&$)&(!'&%=*$&$)&(q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

2?6"$*!d! !


!

!

YC7! /"+;/"F@1H<!B":"+<?E!?3;!:D"H3;! /3Z?<>3+";! YC8! 1.T)(%&,)-.!'[$%&.\'%&!*'!/"1! #(!=<@!'%01*1.&!;<&!.*(!'&%(0$*(! ;<&!9"9&$!.*!+<.)<%*!+*$*-"&$(&! '0%!'%"=&%*!9&7!$&+&(")&$!+"&%)0! $"9&.!-&!*@<-*!'*%*!*-*')*%(&!*!.*! '%09"$+"*:!B0(!$<&90(!'01.*-0%&(! &I)%*$>&%0(!(&!-&D"$&$!+0=0! "$-"9"-<0(!;<&!A*$!9&$"-0!*! L*$*-?!@!*!2#4!-&!0)%0!'*C(:! J-&=?(5!.*(!+*%*+)&%C()"+*(!-&!.0(! $<&90(!'01.*-0%&(!)"&$&$!<$*! %&.*+",$!-"%&+)*!+0$!&.!)"'0!@!&.! $"9&.!-&!(&%9"+"0(!-&!%*-"+*+",$! ;<&!(&!-&1&$!0D%&+&%G!'0%!+0$("6<"&$)&5!+<*$-0!(&!-&(*%%0..*!<$*! &()%*)&6"*5!&(!"='0%)*$)&!+0='%&$-&%!.*(!+*%*+)&%C()"+*(!-&!.0(!$<&90(! '01.*-0%&(:!#()*!(&++",$!'%&(&$)*!.0(!$"9&.&(!A"(),%"+0(!-&!"$="6%*+",$! &I)%*$>&%*!&$!.*!'%09"$+"*:![*=1"H$!0D%&+&!<$*!'&%('&+)"9*!6&$&%*.!-&!.*! =*$&%*!&$!;<&!.0(!$<&90(!'01.*-0%&(!&I)%*$>&%0(!A*$!"$6%&(*-0!&$!&.! '*C(5!(<!'*C(!-&!0%"6&$5!(<!-&=06%*DC*!k"$+.<(0!.*!&-*-5!&.!(&I05!.*! &-<+*+",$l!@!&.!=0)"90!'0%!&.!+<*.!A*$!-&+"-"-0!&="6%*%!*;<C:!! B*!P"6<%*!Z!=<&()%*!.*!+*$)"-*-!-&!"$="6%*$)&(!&I)%*$>&%0(!;<&!A*$! 9&$"-0!*!2#4!+*-*!*U0!-<%*$)&!.0(!T.)"=0(!;<"$+&!*U0(:!N<%*$)&!=<+A0(! *U0(!D<&!%&.*)"9*=&$)&!+0$()*$)&!-&!*U0!*!*U05!'&%0!*!+0="&$70(!-&! ZYY_5!(&!.06%*%0$!*<=&$)0(!&()*1.&(!@!*!9&+&(!-%?()"+0(:!W"!1"&$!$0!(&! &('&%*!;<&!&.!$"9&.!-&!'01.*-0%&(!$<&90(!&$!2#4!-&!ZYY`!+0$)"$T&!*!.*%60! '.*70!-&1"-0!*!.0(!+*=1"0(!&$!&.!2%06%*=*!2%09"$+"*.!-&!L*$-"-*)0(! k2E2l5!(&!'<&-&!(<'0$&%!%*70$*1.&=&$)&!;<&!.*!"$="6%*+",$!(&6<"%?! *<=&$)*$-0!&$!%&.*+",$!+0$!.0(!$"9&.&(!*$)&%"0%&(!*.!*U0!ZYY_:!! 2?6"$*!XY! !


!

$ M)0(1#$:$P$,"')01#/)7"$+E61#"F+1#$*+$KI,$Q1+-)*+"/)#$4+1'#"+"6+RS$<TTUN:;;T$

!

YC6! 9]$Q*Q!*'!).(%'#Q! B*(!'&%(0$*(!;<&!-&(&*$!9&$"%!*!L*$*-?!'%&(&$)*$!<$*!(0."+")<-!-&! %&("-&$+"*!)&='0%*.!0!'&%=*$&$)&:!N&!*+<&%-0!+0$!&()*(!-0(! =&)0-0.06C*(5!A*@!9*%"*(!+*)&60%C*(!@!.*(!("6<"&$)&(!)*1.*(!"-&$)"D"+*$!.*! +*$)"-*-!-&!$<&90(!'01.*-0%&(!-&!2#4!&$!+*-*!<$*!-&!&()*(!+*)&60%C*(!*.! Xn!-&!><."0!-&!ZYYd5!(&6T$!.0(!-*)0(!-&!.*!'01.*+",$!-&.!4$()")<)0!-&! #()*-C()"+*(!-&!L*$*-?:!#()0(!-*)0(!(&!0D%&+&$!+0$!<$!"='0%)*$)&! ..*=*-0!-&!*)&$+",$a!$0!"$+.<@&$!*!.0(!"$="6%*$)&(!;<&!(&!A*$!+0$9&%)"-0! &$!+"<-*-*$0(!'&%0!;<&!*T$!$&+&(")*$!(&%9"+"0(!-&!%*-"+*+",$:!

2?6"$*!XX! !


!

$ V#5.#$<$P$W+-)*+"6+-$4+1'#"+"6+-$*+$KI,$#$-+46)+'51+$*+$:;<;$

+'#)*'.,)&! R'%T&.'.$'! L.*(&!-&!D*="."*! L.*(&!-&!&+0$0=C*Z! L.*(&!-&!%&D<6"*-0! V)%0! @Q$&2!

677^!

677M!

6787!

`X! X_Y^! ce! ZY! 8J_J!

^_! XeYY! ^d! ^! 8L_M!

c_! Z_eY! ]X! `! 6J`6!

$ V#5.#$:$N$W+-)*+"6+-$6+'4&1#.+-$*+$KI,$#.$<X$*+$F(.)&$*+$:;;T$

+'#)*'.,)&!$'TRQ%&2! [%*1*>*-0%!&I)%*$>&%0! #()<-"*$)&!&I)%*$>&%0! J@<-*!A<=*$")*%"*! 8&D<6"*-0! @Q$&2!

677^a677M! cc_! ZeY! XX! d! L6Y!

b!*'2!$Q$&2! eX! _e! Z! X! 877!

N<%*$)&!.0(!T.)"=0(!*U0(5!.*!+.*(&!=?(!6%*$-&!-&!"$="6%*$)&(!-&!2#4!A*! ("-0!.*!+.*(&!&+0$,="+*5!=?(!&('&+CD"+*=&$)&!*!)%*9H(!-&.!2%06%*=*! 2%09"$+"*.!-&!L*$-"-*)0(5!;<&!%&+"1",!X_d`!$<&90(!'01.*-0%&(!&$!ZYY`5!.0! ;<&!%&'%&(&$)*!<$!(&)&$)*!@!0+A0!'0%!+"&$)0!k^`sl!-&!.*!"$="6%*+",$!)0)*.! -&.!*U0:!B*!W&+%&)*%C*!-&!201.*+",$!-&!2#4!+*.+<.*!;<&!&$!.0(!-0(!*U0(! '%,I"=0(5!Z`YY!$<&90(!'01.*-0%&(!%&6"()%*-0(!(0."+")*%?$!.0(!(&%9"+"0(!-&! %*-"+*+",$:_! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Z

!B*!+.*(&!&+0$,="+*!"$+.<@&!.0(!'%06%*=*(!6'*'%&.!EF)..'*!G,%F'%?!+%,>)02)&.!H,C)0''! +%,(%&C?!;&0&*)&0!"I-'%)'02'?!J)>'K)0!;&%'()>'%!&0*!L5#)0'##:!B*!+.*(&!&+0$,="+*!)"&$&! )%&(!(<1+.*(&(a!4$9&%(0%5!#='%&$-&-0%!@![%*1*>*-0%!*<),$0=0:! ! _ !B0(!+?.+<.0(!(&!1*(*$!&$!.0(!-*)0(!A"(),%"+0(!-&!2#4JEL:!

2?6"$*!XZ! !


!

!

YCY! /&X#!*'!Q%)('.! B0(!$<&90(!'01.*-0%&(!-&!2#4!-&!.0(!T.)"=0(!*U0(!A*$!9&$"-0!-&!=?(!-&! (&(&$)*!keYl!'*C(&(!-&!)0-0!&.!=<$-0:!B*![*1.*!_!"-&$)"D"+*!.0(!-"&7! '%"$+"'*.&(!'*C(&(!-&!0%"6&$:!B*!=*@0%C*!-&!.0(!$<&90(!'01.*-0%&(!-&!2#4! ..&6*$!-&!'*C(&(!*("?)"+0(!@!-&!V%"&$)&!M&-"0:! V#5.#$Y$P$W+-)*+"6+-$4+1'#"+"6+-$*+$KI,$-+0C"$.&-$<;$4#Z-+-$*+$&1)0+"$41)"/)4#.+-$

/&X#! ! X: LA"$*! 6C ! _: 4%?$! JC ! ]: L0%&*!-&.!W<%! `C ! ^: [*"3?$! ^C ! d: #6"')0! 87C ! XX: K"&)$*=! 86C ! X_: 8&"$0!F$"-0! 8JC ! X]: 8<("*! 8`C ! X^: 4$-"*! 8^C ! Xd: [<%;<C*! 67C !

677Lc677^!

677^c677M!

]_]!

X_dZ!

XYY!

ZdX!

]e!

cZ!

_Y!

_Z!

c!

Xd!

Z!

Xd!

X_!

X^!

e!

Xc!

_!

XZ!

Z!

XX!

65'0$'7!/0D,%C'!&05&.!899MN899O!*'!//B/!

N&1"-0!*!;<&!=<+A0(!-&!.0(!$<&90(!'01.*-0%&(!'%09"&$&$!-&!'*C(&(! -0$-&!$0!(&!A*1.*!&.!"-"0=*!"$6.H(5!.*!'%09"(",$!-&!(&%9"+"0(!-&! +*'*+")*+",$!&$!"-"0=*!"$6.H(!@!-&!"$)&%'%&)*+",$!@!)%*-<++",$!&(!<$*! '*%)&!"$)&6%*.!-&!.*!+*."-*-!-&!.*!&I'&%"&$+"*!-&!%*-"+*+",$:!

2?6"$*!X_! !


!

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

M&-"*$)&!<$*!&I)%*'0.*+",$!-&!.0(!-*)0(!-&!L*$*-?5!&.!(&(&$)*!@!+<*)%0! '0%!+"&$)0!kecsl!-&!.0(!$<&90(!'01.*-0%&(!-&!2#4!)&$C*$!&$)%&!X]!@!cc! *U0(!&$!ZYY`!@!&.!)0)*.!D<&!-&!XXc^!'&%(0$*(:!#()*!1*$-*!&)*%"*!&(!*+0%-&! +0$!<$*!'01.*+",$!;<&!("6<&!*'0%)*$-0!*!.*!'01.*+",$!*+)"9*:!! W"!(&!+0='*%*$!&()0(!-*)0(!+0$!.0(!%&("-&$)&(!-&!)0-*!.*!"(.*5!(,.0!&.! )%&"$)*!@!0+A0!'0%!+"&$)0!k_`sl!-&!.*!'01.*+",$!)&$C*!&$)%&!X]!@!cc!*U0(! &$!ZYY`5!<$!'0%+&$)*>&!=<+A0!=?(!1*>0!;<&!-&$)%0!-&.!6%<'0!-&!$<&90(! '01.*-0%&(:!B*!&-*-!'%0=&-"0!=?(!1*>*!-&!.0(!$<&90(!'01.*-0%&(!)&$-%?! =<+A0(!&D&+)0(!'0(")"90(!(01%&!.*!+*'*+"-*-!-&!2#4!'*%*!+%&+&%!@! '%0('&%*%:! V#5.#$\$P$W+-)*+"6+-$4+1'#"+"6+-$*+$%#"#*?$4&1$+*#*$*+$:;;]$

"*&*! ! YjX]! X]jZc! Z]jcc! c]jec! e]t! @Q$&2! !

/Q52&,)-.! ! ]Y5_Y_! _^5cZ]! XZY5^``! _X5^^_! e5d]c! 6JLS6JY!

b!*'2!$Q$&2! ! ZYs! X]s! cds! X_s! _s! 2?6"$*!Xc! 877b!


!

=I^9$

#$!ZYY`5!&.!+<*%&$)*!@!0+A0!'0%!+"&$)0!kc`sl!-&.!)0)*.!-&!%&("-&$)&(! '&%=*$&$)&(!-&!L*$*-?!&%*$!9*%0$&(!@!&.!+"$+<&$)*!@!-0(!'0%!+"&$)0! k]Zsl5!=<>&%&(:!W"!(&!*'."+*$!&()0(!'%0=&-"0(!$*+"0$*.&(!*!.*!'01.*+",$! -&!"$="6%*$)&(!-&!2#45!-&!.0(!X^d_!%&("-&$)&(!'&%=*$&$)&(5!`eY!&%*$! A0=1%&(!@!d__5!=<>&%&(:!#()0!&(!&;<"9*.&$)&!*!.*!-"()%"1<+",$!-&!)0-0(! .0(!%&("-&$)&(!-&!.*!"(.*:! $

2?6"$*!X]! !


!

$ IO!%[%,_`$

B*![*1.*!]!=<&()%*!.0(!-*)0(!-&!L4L!*+&%+*!-&.!$"9&.!-&!&-<+*+",$!-&.! )0)*.!-&!%&("-&$)&(!'&%=*$&$)&(!-&!L*$*-?!-&!X]!*U0(!@!=*@0%&(!&$!&.! *U0!ZYY`:! V#5.#$U$P$W+-)*+"6+-$4+1'#"+"6+-$*+$%#"#*?$4&1$")3+.$*+$+*(/#/)7"$*+$:;;]$$

:)P'2!*'!'*4,&,)-.!&*W4)%)*&! ! Yjd!*U0(!-&!&-<+*+",$! ! djX_!*U0(!-&!&-<+*+",$! ! X_t!*U0(!-&!&-<+*+",$! ! [C)<.0!-&!0D"+"0! ! [C)<.0!$0!<$"9&%(")*%"0! ! [C)<.0!-&!."+&$+"*)<%*! ! [C)<.0!-&!'0(6%*-0! ! N0+)0%*-0! ! @Q$&2! !

$

$

/Q%,'.$&\'!*'!%'#)*'.$'#!R'%T&.'.$'#!*'! F&.&*V!677^a677M! ! X]s! Xes! ^s! es! XZs! _Ys! X_s! Zs! 877b!

[*=1"H$!(&!A*!A&+A0!<$!*$?."("(!*-"+"0$*.!(01%&!.*!%&6",$!-&!0%"6&$!@!&.! $"9&.!-&!&-<+*+",$!-&!.0(!%&("-&$)&(!'&%=*$&$)&(!-&!-"+A0!'*C(&(:!B*! [*1.*!e!=<&()%*!-*)0(!-&!.*(!%&6"0$&(!-&!J("*m2*+CD"+0!@!uD%"+*mV%"&$)&! M&-"05!;<&!"$+.<@&$!.0(!]!'*C(&(!-&!0%"6&$!'%"$+"'*.&(!-&!.*!'01.*+",$!-&! "$="6%*$)&(!-&!2#4:! V#5.#$a$P$W+-)*+"6+-$4+1'#"+"6+-$*+$%#"#*?$4&1$")3+.$+*(/#6)3&$2$?1+#$*+$&1)0+"$*+$ :;;]$

/Q%,'.$&\'!*'!%'#)*'.$'#!R'%T&.'.$'#!#'(d.!'2! .)P'2!*'!'*4,&,)-.!&*W4)%)*&! ! [C)<.0!-&!."+&$+"*)<%*! !! [C)<.0!-&!'0(6%*-0! !

eN%),&!O! <#)&!O! 3%)'.$'!T'*)Q! /&,XN),Q! ! ! 2?6"$*!Xe! Z`s! __s! X_s!

X_s!


!

!

2?6"$*!X^! !


!

!

YC_! 9Q$)PQ#!R&%&!'2'()%!/"1! O*@!=<+A0(!=0)"90(!'0%!.0(!+<*.&(!.0(! $<&90(!'01.*-0%&(!&."6&$!9&$"%!*!2#4:!2*%*! *.6<$0(!(&!)%*)*!-&!.*(!0'0%)<$"-*-&(! &-<+*)"9*(5!=<+A0(!9"&$&$!'0%!.*(! 0'0%)<$"-*-&(!+0=&%+"*.&(!0!.*10%*.&(5! 0)%0(!-&(&*$!)&$&%!<$!&()".0!-&!9"-*! -"()"$)0!0!&$!+*(0(!=?(!&I)%&=0(5!9"&$&$! '*%*!&(+*'*%!-&!.*!6<&%%*!@!.*!9"0.&$+"*!&$! (<(!'*C(&(!-&!0%"6&$:!4$-&'&$-"&$)&=&$)&! -&!.0(!=0)"90(!'&%(0$*.&(5!&$!+0$><$)0! &('&%*$!+0$()%<"%!<$*!9"-*!@!<$!D<)<%0! =&>0%&(!'*%*!&..0(!@!(<(!D*="."*(:!L0=0! '%09"$+"*!*$D")%"0$*5!$0!&(!(<D"+"&$)&!(,.0! *)%*&%!*!.0(!$<&90(!'01.*-0%&(G!-&1&=0(! &(D0%7*%$0(!'0%!%&)&$&%.0(:!!

PQ)0)C,#!&!+"/!-,%R5'!R5'%@&C,#!R5'!05'#$%,#! S)T,#!T5(&%&0!'0!'.!2U#-'*?!0,!'0!'.!2'C'0$,VW$ H5'>,!-,=.&*,%!*'!+"/!

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

2?6"$*!X`! !


!

$ M)0(1#$Y$P$K+1B).$*+$.&-$"(+3&-$4&5.#*&1+-$*+$KI,$ :;;]b:;;T

$

#.!'0)&$+"*.!-&!.0(!$<&90(!'01.*-0%&(!'*%*!+0$)%"1<"%!+0$!<$!.<6*%!-0$-&! -&(&*$!9"9"%!)0-0(!.0(!A*1")*$)&(!-&!.*!"(.*5!)%*1*>*$!@!(&!-"9"&%)&$5!&(! "$=&$(0:!#.!/01"&%$0!-&!2%"$+&!#-3*%-!4(.*$-!S;<&!%&+0$0+&!&()&! '0)&$+"*.S!A*!&()*-0!(<="$"()%*-0!(&%9"+"0(!-&!%*-"+*+",$!*!)%*9H(!-&! "$"+"*)"9*(!-&'*%)*=&$)*.&(!@!-&.!*'0@0!-&!.*(!&='%&(*(!;<&!'%09&&$! (&%9"+"0(5!(&6T$!(&!-&)*..*!&$!.*!W&++",$!]:Y:!

2?6"$*!Xd! !


!

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vc5Z!="..0$&(!&$!ZYYd5!(&6T$!(&!=<&()%*!&$!.*!P"6<%*!c:!W&!)%*)*!-&!<$! C$-"+&!-&!+%&+"="&$)0!-&.!+<*%&$)*!@!0+A0!'0%!+"&$)0!kc`sl!&$! *("6$*+"0$&(!-<%*$)&!&.!*U0!ZYY`:!

2?6"$*!ZY! !


!

$ M)0(1#$\$P$[('+"6&-$*+.$0#-6&$41&3)"/)#.$2$/#"6)*#*$*+$"(+3&-$4&5.#*&1+-$*+$KI,A$ :;;cN:;;T$

! 65'0$'7!E'2%'$&%@&!*'!+,=.&2)30?!B'-&%$&C'0$,!*'!/00,>&2)30!<!1-%'0*)X&T'!1>&0X&*,!*'!+"/!

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


!

!

JC6! >'R&%$&T'.$Q!*'!1..QP&,)-.!O!<R%'.*)f&\'! <P&.f&*Q! #.!N&'*%)*=&$)0!-&!4$$09*+",$! @!J'%&$-"7*>&!J9*$7*-0!&(!&.! -&'*%)*=&$)0!-&.!601"&%$0! '%09"$+"*.!*!+*%60!-&!.0(! W&%9"+"0(!-&!8*-"+*+",$:! L0$)%"1<@&!+0$!.*!D"$*$+"*+",$!@! &.!*'0@0!-&'*%)*=&$)*.!&$! 9*%"*(!"$"+"*)"9*(!-&!%*-"+*+",$5! '%"$+"'*.=&$)&!*!)%*9H(!-&!.*! ;',%'$&%X&!*'!/Q52&,)-.:!N"+A*! W&+%&)*%C*!(&!+%&,!&$!&.!*U0!ZYYc! '*%*!%&)&$&%!*!.0(!>,9&$&(5!'*%*! %&'*)%"*%!*!*$)"6<0(!'01.*-0%&(!-&!.*!"(.*!@!'*%*!*)%*&%!@!%&)&$&%!*!$<&90(! '01.*-0%&(:!B*!W&+%&)*%C*!%&9"(*!.*!$&+&("-*-!-&!'0.C)"+*(!&!"$"+"*)"9*(!&$! +*-*!<$*!-&!&()*(!?%&*(5!*!.*!9&7!;<&!)%*1*>*!'*%*!*<=&$)*%!.*!'01.*+",$! -&!.*!'%09"$+"*:!#$!(<(!"$)&$)0(!'*%*!*)%*&%!@!%&)&$&%!*!$<&90(! '01.*-0%&(5!.*!W&+%&)*%C*!-&!201.*+",$!*+)<*.=&$)&!(<'&%9"(*!&.!*'0@0! D"$*$+"&%0!-"%"6"-0!A*+"*a!Xl!.*!+*'*+")*+",$!"-"0=?)"+*!'*%*!.0(!$<&90(! '01.*-0%&(!*!)%*9H(!-&!'%09&&-0%&(!&I)&%$0(!-&!(&%9"+"0(5!Zl!.*!2#4JEL!@! _l!.*(!"$"+"*)"9*(!-&!(&%9"+"0(!-&!%*-"+*+",$!-&!0)%0(!-&'*%)*=&$)0(:!B*! W&+%&)*%C*!)*=1"H$!*-="$"()%*!A&%%*="&$)*(!-&!%*-"+*+",$!+0=0! 333:V''0%)<$")"&(2#4:+*5!<$!'0%)*.!&$!4$)&%$&)!-&!"$="6%*+",$!@!&='.&0! '*%*!.0(!$<&90(!'01.*-0%&(G!@!'<1."+*!.*!6<C*!2%"$+&!#-3*%-!4(.*$-! E&3+0=&%!/<"-&5!<$!%&+<%(0!-&!0%"&$)*+",$!'%09"$+"*.:!B*!JEL!)*=1"H$! )"&$&!<$*!9&%(",$!&$!4$)&%$&)!-&!<$*!/<C*!'*%*!E<&90(!201.*-0%&(!&$! 333:'&"*$+:+0=:!

2?6"$*!ZZ! !


!

#$!%&+0$0+"="&$)0!-&!.*!+*$)"-*-!+*-*!9&7!=*@0%!-&!"$="6%*$)&(!&$!2#45! .*!W&+%&)*%C*!%&+"1",!=?(!'&%(0$*.!&$!ZYY`mZYYd!'*%*!=&>0%*%!(<! +*'*+"-*-!'*%*!-0+<=&$)*%!.0(!*(<$)0(!%&.*+"0$*-0(!+0$!.*!%*-"+*+",$5! "-&$)"D"+*%!.*(!1%&+A*(!@!.0(!-&(*DC0(!@!'.*$"D"+*%!(0.<+"0$&(!&D"+*+&(:!B*! W&+%&)*%C*!-&!201.*+",$!<)"."7*%?!.*!#()%*)&6"*!-&!201.*+",$!-&!2#4!'*%*! (&6<"%!..&9*$-0!*!+*10!(<!%&('0$(*1"."-*-!@!6*%*$)"7*%!;<&!2#4!0D%&7+*!<$! +0$><$)0!&D"+*7!-&!(&%9"+"0(!-&!%*-"+*+",$:!W&!'<&-&!A*..*%!=?(! "$D0%=*+",$!(01%&!&.!N&'*%)*=&$)0!-&!4$$09*+",$!@!J'%&$-"7*>&! J9*$7*-0!@!.*!W&+%&)*%C*!-&!201.*+",$!&$!333:609:'&:+*m"*.!@!&$! 333:609:'&:+*m'0'(&+!:!J.!D"$*.!-&!.*(!(&++"0$&(!'&%)"$&$)&(!(&!"$D0%=*$! .0(!(")"0(!r&1!-&!0)%0(!-&'*%)*=&$)0(5!0%6*$"(=0(!@!-"9"("0$&(! 6<1&%$*=&$)*.&(!=&$+"0$*-0(:! J-&=?(!-&!.*!W&+%&)*%C*!-&!201.*+",$5!&.!N&'*%)*=&$)0!"$+.<@&!4(.*$-! 4$9&()=&$)!N&9&.0'=&$)!4$+:5!WR"..(!2#4!@!.*!-"9"(",$!-&!#-<+*+",$! W<'&%"0%!@!L0$)"$<*5!;<&!)*=1"H$!)"&$&$!"$)&%H(!&$!.0(!(&%9"+"0(!-&! %*-"+*+",$!@!&$!(<(!%&(<.)*-0(5!(&6T$!(&!-&(+%"1&!*!+0$)"$<*+",$a!! 1#2&.*!1.P'#$T'.$!>'P'2QRT'.$!1.,C!g11>1h!(&!+%&,!&$!Xdd_!'*%*! *-="$"()%*%!.0(! D0$-0(!p4(.*$-! P<$-(q5!&.!p2%"$+&! #-3*%-!4(.*$-! L&$)<%@!ZYYY!P<$-q! @!'*%*!(<'&%9"(*%!&.! 2%06%*=*!2%09"$+"*.! -&!L*$-"-*)0(!*! )%*9H(!-&.!J+<&%-0! '*%*!.*!L00'&%*+",$! '*%*!.*!4$="6%*+",$! -&!L*$*-?m2#4:!N&!+0$D0%="-*-!+0$!44N45!&.!2%06%*=*!2%09"$+"*.!-&! L*$-"-*)0(!&(!&.!9&AC+<.0!'%"$+"'*.!*!)%*9H(!-&.!+<*.!.*!2%09"$+"*!'<&-&! &D&+)<*%!+*=1"0(!&$!&.!'&%D".!-&=06%?D"+0!-&!2#4:!#.!2%06%*=*!2%09"$+"*.! -&!L*$-"-*)0(!*@<-*!*!*10%-*%!.*(!$&+&("-*-&(!&+0$,="+*(5! '01.*+"0$*.&(!@!-&.!=&%+*-0!.*10%*.!-&!.*!2%09"$+"*!*!)%*9H(!-&!9*%"0(! 2?6"$*!Z_! !


!

'%06%*=*(!;<&!'&%=")&$!$0="$*%!*!.0(!+*$-"-*)0(!'*%*!.*!01)&$&%!.*! %&("-&$+"*!'&%=*$&$)&!&$!L*$*-?!&$!%&'%&(&$)*+",$!-&!.*!2%09"$+"*:! 2*%)&!-&.!)%*1*>0!-&!44N4!+0$("()&!&$!.*!*-="$"()%*+",$!-&!.*!+*)&60%C*!-&! )%*1*>*-0%&(!+*."D"+*-0(!-&!.0(!$<&90(!'01.*-0%&(5!;<&!&$!ZYY`mZYYd! )<90!<$!C$-"+&!-&!%&)&$+",$!-&.!0+A&$)*!@!-0(!'0%!+"&$)0!k`Zsl!-&!.0(! (0."+")*$)&(!ZYY`mZYYd:!333:609:'&:+*m"=="6%*)"0$!:!

2?6"$*!Zc! !


!

! ;i)22#!/"1!(&!&()*1.&+",!&$!ZYYd!+0$!&.!D"$!-&!*-="$"()%*%!.*!'%09"(",$!-&! +*'*+")*+",$!@!'%06%*=*(!-&!-&(*%%0..0!-&!A*1"."-*-&(!D"$*$+"*-0(!'0%!&.! J+<&%-0!-&!N&(*%%0..0!-&.!M&%+*-0!B*10%*.!-&!L*$*-?j2%"$+&!#-3*%-! 4(.*$-!kBMNJ5!'0%!(<(!("6.*(!&$!"$6.H(l!@!&.!J+<&%-0!-&.!M&%+*-0!B*10%*.! kBMJ5!'0%!(<(!("6.*(!&$!"$6.H(l:![0-*(!.*(!'&%(0$*(!.&6*.=&$)&!*<)0%"7*-*(! '*%*!)%*1*>*%!&$!L*$*-?!@!;<&!+<='.*$!+0$!.0(!+%")&%"0(!-&!&.&6"1"."-*-! -&.!'%06%*=*5!'<&-&$!*++&-&%!*!-"+A*(!"$"+"*)"9*(:!J-&=?(5!.*!-"9"(",$! +<&$)*!+0$!<$!'%06%*=*!-&!#I'&%"&$+"*!B*10%*.!-&!4$="6%*$)&(!-&!2#4! ;<&!0D%&+&!0'0%)<$"-*-&(!-&!&I'0("+",$!.*10%*.!*!.0(!"$="6%*$)&(5!;<&!.0(! *@<-*$!*!A*+&%!.*!)%*$("+",$!-&.!=&%+*-0!.*10%*.!-&!2#4:!#.!'%06%*=*! )"&$&!A0%*%"0(!.*10%*.&(!D.&I"1.&(!'*%*!'&%=")"%!;<&!+0$)"$T&!.*! +*'*+")*+",$!"-"0=?)"+*:!333:(R"..('&":+0=! WR"..(!2#4!)*=1"H$!&(!&.!0%6*$"(=0!'%09"$+"*.!'%"$+"'*.!'*%*!)&=*(! %&.*+"0$*-0(!+0$!.*!#9*.<*+",$!@!&.!8&+0$0+"="&$)0!-&![C)<.0(! #I)%*$>&%0(:!#.!_Y!-&!$09"&=1%&!ZYYd5!&.!/01"&%$0!P&-&%*.!@!.*(! 2%09"$+"*(m.0(![&%%")0%"0(!*$<$+"*%0$!<$!M*%+0!2*$jL*$*-"&$(&!'*%*!.*! #9*.<*+",$!@!&.!8&+0$0+"="&$)0!-&![C)<.0(!#I)%*$>&%0(:!W&!&()*1.&+",!<$! 6%<'0!-&!)%*1*>0!+0$!%&'%&(&$)*$)&(!-&!)0-*(!.*(!'%09"$+"*(!@!)&%%")0%"0(! k+0$!.*!&I+&'+",$!-&!E<$*9<)l:!#.!M*%+0!2*$jL*$*-"&$(&!*%)"+<.*!<$*! 9"(",$!+0$><$)*!'*%*!)&$&%!=&>0%&(!("()&=*(!-&!&9*.<*+",$!@! %&+0$0+"="&$)0!-&!)C)<.0(!&I)%*$>&%0(!@!=&>0%*%?!.0(!'%06%*=*(!-&! "$)&6%*+",$!-&!.*!'01.*+",$!*+)"9*!'*%*!.0(!"$="6%*$)&(!&$!)0-0!L*$*-?5! "$+.<(0!'*%*!*;<&..0(!;<&!&.">*$!*!2%"$+&!#-3*%-!4(.*$-!+0=0!(<!$<&90! A06*%:!2#4!&(!("6$*)*%"0!-&!.*!4$"+"*)"9*!2*$jL*$*-"&$(&!-&!#9*.<*+",$!@! 8&+0$0+"="&$)0!-&![C)<.0(!#I)%*$>&%0(5!@!)"&$&!<$!%&'%&(&$)*$)&!&$!&.! /%<'0!-&![%*1*>0!-&!8&+0$0+"="&$)0!-&![C)<.0(!#I)%*$>&%0(!kPo85!'0%!(<(! ("6.*(!&$!"$6.H(l!-&(-&!;<&!(&!+%&,:!2#4!)*=1"H$!'*%)"+"'*!&$!-0(!&;<"'0(! -&!)*%&*(!=?(!;<&!)%*1*>*$!&$!&.!-&(*%%0..0!-&!.*(!+0=<$"+*+"0$&(!@!.0(! '%06%*=*(:! #$!0+)<1%&!-&!ZYYd!(&!..&9*%0$!*!+*10!+0$(<.)*(!+0$!.*(!J<)0%"-*-&(! 8&6.*=&$)*%"*(!-&!2#4!'*%*!*$<$+"*%!.*!'*%)"+"'*+",$!-&!2#4!&$!.*!"$"+"*)"9*!!

2?6"$*!Z]! !


!

Po8!2*$jL*$*-"&$(&:!W&!&$)%&6,!<$*!+0'"*!-&.!-0+<=&$)0!-&.!M*%+0!*!.0(! %&6<.*-0%&(5!*(C!+0=0!"$D0%=*+",$!'%&."="$*%!(01%&!.0(!'%06%*=*(!;<&! *+)<*.=&$)&!&()?$!&$!-&(*%%0..0:!#$!.*![*1.*!^!(&!-&(+%"1&$!.*(! 0+<'*+"0$&(!%&6.*=&$)*-*(!&$!.*(!;<&!(&!+&$)%,!.*!"$"+"*)"9*!Po8:!

2?6"$*!Ze! !


!

$ V#5.#$c$P$9/(4#/)&"+-$'+6#$)"6+1"#/)&"#.+-$/&"$1+/&"&/)')+"6&$"#/)&"#.$

6787! P*%=*+H<)"+0(! #$D&%=&%0(!=*)%"+<.*-0(! J%;<")&+)0(! P"("0)&%*'&<)*(! [&%*'&<)*(!0+<'*+"0$*.&(! J<-")0%&(!P"$*$+"&%0(!@!L0$)*-0%&(! [H+$"+0(!-&!.*10%*)0%"0!=H-"+0! 4$6&$"&%0(!

6786! [H+$"+0(!4$6&$"&%0(! MH-"+0(! M*&()%0(! #$D&%=&%0(!'%*+)"+*$)&(!+0$!."+&$+"*! [H+$"+0(!-&!%*-"*+",$!=H-"+*! N&$)"()*(! ! !

! B*!-"9"(",$!-&!"*4,&,)-.!;4R'%)Q%!O!FQ.$).4&!*@<-*!*!.0(!$<&90(! '01.*-0%&(!+0$!&.!%&+0$0+"="&$)0!-&!.*(!&;<"9*.&$+"*(!-&!.*!&-<+*+",$! ;<&!(&!01)<90!&$!0)%0(!'*C(&(:!#()0!(&!.06%*!=&-"*$)&!.*!&9*.<*+",$5!&.! *$?."("(!k+<*$-0!(&*!$&+&(*%"0l!@!.*!+0='*%*+",$!-&!.*(!A*1"."-*-&(! *-;<"%"-*(!*$)&(!-&!=<-*%(&!*!L*$*-?!+0$!.*!+*'*+")*+",$!("=".*%! -"('0$"1.&!&$!&()*1.&+"="&$)0(!&-<+*)"90(!@!<$"9&%("-*-&(!-&!2%"$+&! #-3*%-!4(.*$-:!W&!+0$(<.)*$!0%6*$"7*+"0$&(!'%0D&("0$*.&(!+<*$-0!%&(<.)*! $&+&(*%"0!'*%*!+*(0(!-&!+*'*+")*+",$!'%0D&("0$*.:! 333:609:'&:+*m"*.m'(*+&j"$D0m-6:"$+:'A'_!!

! JCY! >'R&%$&T'.$Q!*'! "*4,&,)-.!O!>'#&%%Q22Q!*'! 2&!:)j'f! #.!N&'*%)*=&$)0!-&!#-<+*+",$!-&!2%"$+&! #-3*%-!4(.*$-!(&!-&-"+*!*!0D%&+&%!<$!'.*$! -&!&()<-"0(!-&!+*."-*-!(<'&%"0%!@! &I'&%"&$+"*(!&I)%*+<%%"+<.*%&(!*!.0(! &()<-"*$)&(!-&!.*!"(.*:!B0(!&-<+*-0%&(!@!.0(!!

2?6"$*!Z^! !


!

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k#JBlmP%*$+H(!+0=0!4-"0=*!J-"+"0$*.!kPJBl:!#()*!(&++",$! *.1&%6*!<$!+&$)%0!-&!"$6%&(0!"$)&6%*.!-0$-&!(&!&9*.T*!.*!+0='&)&$+"*!-&! .0(!$"U0(!w-&(-&!&.!>*%-C$!-&!"$D*$)&(!A*()*!&.!/%*-0!XZ!kijXZlx!&$!+<*$)0! *.!"$6.H(mD%*$+H(5!@!.<&60!(&!.0(!"$6%&(*!&$!&.!("()&=*!&-<+*)"90!&$!&.!$"9&.! +0%%&('0$-"&$)&:!N&!*+<&%-0!+0$!.0(!%&(<.)*-0(!-&!.*(!&9*.<*+"0$&(5!A*@! M*&()%0(!4)"$&%*$)&(!;<&!'<&-&$!0D%&+&%!*'0@0!&$!"-"0=*!"$6.H(!*!.0(! &()<-"*$)&(!-&!#JBmPJB!-&.!("()&=*!&-<+*)"90:!#.!"$6%&(05!.*!&9*.<*+",$!@! 2?6"$*!Z`! !


!

.0(!(&%9"+"0(!-&!*'0@0!(&!0D%&+&$!&$!)0-*!.*!'%09"$+"*!*!)%*9H(!-&!<$! +0$)%0.!@!<$!*'0@0!+0$)"$<0(!-&!.0(!&-<+*-0%&(:!#()0!)*=1"H$!"='."+*!.*! '%09"(",$!-&!(&%9"+"0(!-&!"$)&%'%&)*+",$!*!.0(!&()<-"*$)&(!-&!#JB!@!(<(! D*="."*(!;<&!$0!)&$6*$!*++&(0!*!&()0(!(&%9"+"0(!*!)%*9H(!-&!0)%0! '%09&&-0%:!#()*!(&++",$!)*=1"H$!)"&$&!<$!+0$)%*)0!+0$!<$*!0%6*$"7*+",$! '%09&&-0%*!-&!(&%9"+"0(!&I)&%$*!'*%*!1%"$-*%!*'0@0!-&!'%0D&(0%&(! '*%)"+<.*%&(!*!.0(!&()<-"*$)&(!-&!#JBmPJB!&$!.*(!'%"=&%*(!&)*'*(!-&.! *'%&$-"7*>&!-&.!"-"0=*:!! B*!(&++",$!#JBmPJB!A*!+%&+"-0!-&(-&!<$!6%<'0!-&!(&"(!A*()*!9&"$)"$<&9&! '&%(0$*(!&$!)*$!(,.0!)%&(!*U0(!@!)%*1*>*!+0$!=?(!-&!ecY!&()<-"*$)&(! &I)%*$>&%0(!&$!+<*%&$)*!@!<$*!kcXl!&(+<&.*(!-&!)0-*!.*!"(.*:! J'%0I"=*-*=&$)&!&.!;<"$+&!'0%!+"&$)0!kX]sl!-&!.0(!&()<-"*$)&(!-&! L0.0$&.!/%*@!O"6A!W+A00.!(0$!&I)%*$>&%0(:!?&!*)P)#)-.!$)'.'!4.&!5&#'!*'! *&$Q#!).$'(%&2!,Q.!2Q#!*&$Q#!*'!2Q#!'#$4*)&.$'#!'[$%&.\'%Q#C!".$%'!'2!&jQ! 2',$)PQ!677^a677M!O!677Ma6787S!#'!%'()#$%-!4.!X.*),'!*'!%'$'.,)-.!*'! #'$'.$&!O!Q,UQ!RQ%!,)'.$Q!gL^bh!*'!2Q#!.)jQ#!'[$%&.\'%Q#!'.!'*&*! '#,Q2&%C!B*!(&++",$!+*.+<.*!;<&!A*+"*!D"$&(!-&.!*U0!.&+)"90!*+)<*.5!.*! +*$)"-*-!-&!&()<-"*$)&(!&I)%*$>&%0(!+%&+&%?!A*()*!e^]!@!^YY:! 333:609:'&:+*m&-<+*)"0$! !

JCJ! >'R&%$&T'.$Q!*'!;&24*!O!Z)'.'#$&%! #$!*.6<$*(!'%09"$+"*(!-&!L*$*-?5!.0(! $<&90(!'01.*-0%&(!)"&$&$!%&()%"$6"-0!&.! *++&(0!*!.0(!(&%9"+"0(!-&!(*.<-!A*()*! -&('<H(!-&!)%&(!=&(&(!-&!(<!..&6*-*:!#$! 2%"$+&!#-3*%-!4(.*$-5!.0(!$<&90(! '01.*-0%&(!)"&$&$!6*%*$)"7*-0!<$!*++&(0! "$=&-"*)0!*!)0-0(!.0(!'%06%*=*(! '%09"$+"*.&(!-&!(*.<-:!#.!N&'*%)*=&$)0! )*=1"H$!)%*1*>*!'*%*!6*%*$)"7*%!;<&!.0(! $<&90(!'01.*-0%&(!&()H$!'%0)&6"-0(!-&!.*(!!

2?6"$*!Zd! !


!

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k4#O2l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k4M/l!'*%*!)%*1*>*%!+0=0!=H-"+0(!-&!+*1&+&%*!@!&('&+"*."()*(!'*%*!.*! '%09"$+"*:!<R%Q[)T&*&T'.$'!'2!P').$)Q,UQ!RQ%!,)'.$Q!g6^bh!*'!2Q#! T]*),Q#!*'!,&5','%&!O!'2!P').$'!RQ%!,)'.$Q!g67bh!*'!2Q#!T]*),Q#! '#R',)&2)#$&#!'.!/"1!#Q.!19BC!#.!N&'*%)*=&$)0!0D%&+&!*(&(0%*="&$)0!@! *'0@0!*!&()*(!'&%(0$*(5!*!=&-"-*!;<&!*9*$7*$!&$!(<(!'%0+&(0(! "$="6%*)0%"0(!@!-&!01)&$+",$!-&!."+&$+"*(:!333:609:'&:+*mA&*.)A! !

2?6"$*!_Y! !


!

JC_! >'R&%$&T'.$Q!*'!;'%P),)Q#!FQT4.)$&%)Q#S! <*42$Q#!9&OQ%'#!O!*'!@%&5&\Q! B*!01."6*+",$!-&.!-&'*%)*=&$)0!&(!0D%&+&%!(&%9"+"0(!(0+"*.&(!'*%*!)0-0(! .0(!A*1")*$)&(!-&!.*!"(.*:!#.!2%06%*=*!-&!J("()&$+"*!'*%*!.*!E<&9*! 8*-"+*+",$!k8J2l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m(((! !

JC`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`S!&R%Q[)T&*&T'.$'!8M_7!.4'PQ#!RQ52&*Q%'#! 2?6"$*!_X! !


!

U&.!%'&2)f&*Q!'2!'[&T'.!R&%&!Q5$'.'%!2&!2),'.,)&!R&%&!,Q.*4,)%C!#.! N&'*%)*=&$)0!(&6<"%?!+0$)%0.*$-0!.0(!(&%9"+"0(!;<&!0D%&+&!@! %&('0$-"&$-0!*!.*(!$<&9*(!-&=*$-*(5!)*.!+0=0!(&!A*!6*%*$)"7*-0:! 333:609:'&:+*m)"%! !

2?6"$*!_Z! !


!

! JCL! >'R&%$&T'.$Q!*'!@4%)#TQ!O!F42$4%&! #.!N&'*%)*=&$)0!-&![<%"(=0!@! L<.)<%*!&(!&.!-&'*%)*=&$)0! '%"$+"'*.!'*%*!.0(!*(<$)0(! =<.)"+<.)<%*.&(!@!+0$)%"1<@&!+0$!.*! &I'&%"&$+"*!-&!%*-"+*+",$!-&!.0(! $<&90(!'01.*-0%&(!*!)%*9H(!-&! *+)"9"-*-&(!-&!.*!-"9"(",$!-&! L<.)<%*5!B&6*-0!@!b"1."0)&+*(:!B*(! *+)"9"-*-&(!=<.)"+<.)<%*.&(!%&T$&$! .0(!%&;<"(")0(!'*%*!%&+"1"%!D0$-0(! -&.!2%06%*=*!L0=<$")*%"0!-&! J(0+"*+",$!L<.)<%*.!@!&.!W&%9"+"0!-&! b"1."0)&+*!2T1."+*!-&!2#4!0D%&+&!<$*!*='."*!6*=*!-&!'%0-<+)0(!@!(&%9"+"0(! *!.0(!$<&90(!'01.*-0%&(:!#.!'&%(0$*.!1"1."0)&+*%"0!-&!'%"=&%*!.C$&*!%&D.&>*! .*!-"9&%("-*-!+<.)<%*.!+*-*!9&7!=*@0%!-&$)%0!-&!.*!'%09"$+"*5!@!&.!("()&=*! -&!1"1."0)&+*(!("6<&!*-;<"%"&$-0!=*)&%"*.&(!$<&90(!;<&!(&!*><()*$!*!.*(! $&+&("-*-&(!-&!.0(!$<&90(!'01.*-0%&(:!! #.!(&%9"+"0!-&!1"1."0)&+*!&(!&.!'"0$&%0!@!("6<&!0D%&+"&$-0!<$!2%06%*=*!-&! 2%0D&(0%&(!2*%)"+<.*%&(!-&!4$6.H(!+0=0!W&6<$-0!4-"0=*!k#WBl!=&-"*$)&!&.! <(0!-&!.0(!(&%9"+"0(!-&!2#4JEL:!#.!'%06%*=*!'%"=&%0!"='."+*!.*! +*'*+")*+",$!-&!.0(!'%0D&(0%&(!'*%)"+<.*%&(5!;<"&$&(!.<&60!(&!%&.*+"0$*$! +0$!<$!"$="6%*$)&!'*%*!0D%&+&%.&(!+<%(0(!'*%)"+<.*%&(!-&!"$6.H(:!>'#*'!#4! ,%'&,)-.!'.!677`a677LS!'2!#'%P),)Q!U&!,&R&,)$&*Q!&!,).,4'.$&!g_7h!&! #'#'.$&!g`7h!R&%'\&#!&,$)P&#!*'!'#$4*)&.$'cR%QN'#Q%!R&%$),42&%!RQ%!&jQC! N&!*+<&%-0!+0$!.0(!%&(<.)*-0(!'0(")"90(!-&.!'%06%*=*!-&!'%0D&(0%&(! '*%)"+<.*%&(5!&.!(&%9"+"0!-&!1"1."0)&+*!*A0%*!-&(*%%0..*!(&%9"+"0(! *-"+"0$*.&(!;<&!"$+.<@&$!<$!'%06%*=*!-&!+*'*+")*+",$!+"<-*-*$*!+0$! 90.<$)*%"0(!'*%*!*@<-*%!*!.0(!"$="6%*$)&(!%&+"H$!..&6*-0(!*!+0$9&%)"%(&!&$! +"<-*-*$0(!+*$*-"&$(&(:!333:609:'&:+*m)0<%"(=! ! 2?6"$*!__! !


!

JC^! >'R&%$&T'.$Q!*'!k).&.f&#!O!<#4.$Q#! 94.),)R&2'#!l!FQT)#)-.!*'!;'%P),)Q#!/d52),Q#! B*!L0="(",$!-&!W&%9"+"0(!2T1."+0(!-&!2#4!k2WLl!'<&-&!(&%!&.!'%"=&%!'<$)0! -&!+0$)*+)0!'*%*!.0(!$<&90(!'01.*-0%&(!;<&!1<(+*$!&='.&0!&$!&.! 601"&%$0!'%09"$+"*.:!#$!&()&!%0.5!2WL!'*%)"+"'*!&$!-&)&%="$*%!("!.*! '%&'*%*+",$!-&!<$*!'&%(0$*!k&-<+*)"9*!@!&$!%&.*+",$!+0$!.*!&I'&%"&$+"*! .*10%*.l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k*10%C6&$&(5!'&%(0$*(!+0$!!

2?6"$*!_c! !


!

-"(+*'*+"-*-&(5!="&=1%0(!-&!="$0%C*(!9"("1.&(5!=<>&%&(!&$!'<&()0(! -"%&+)"90(!@!-&!."-&%*760!@!A0=1%&(!+0$!0+<'*+"0$&(!$0!)%*-"+"0$*.&(l5! "$+.<(0!.0(!6%<'0(!-&!"$="6%*$)&(:!?&!FQT)#)-.!U&!,&R&,)$&*Q!&! NQ%T&*Q%'#!*'!$Q*Q#!2Q#!*'R&%$&T'.$Q#!*'2!(Q5)'%.Q!R&%&!)TR&%$)%! ,&R&,)$&,)-.!&!Q$%Q#!N4.,)Q.&%)Q#!#Q5%'!R%Q52'T&#!W4'!R4'*&.!#4%()%! ,4&.*Q!#'!$%&$'!,Q.!R'%#Q.&#!*'!*)P'%#&#!,42$4%&#C! 333:609:'&:+*mD"$*$+&!5!333:609:'&:+*mD"$*$+&m'(+j"$D0m-6:"$+:!'A'_!

JCM! >'R&%$&T'.$Q!*'!=4#$),)&!O!;'(4%)*&*!/d52),&!

!

#.!N&'*%)*=&$)0!(<'&%9"(*!'%06%*=*(!@!*+)"9"-*-&(!&$!.*(!?%&*(!-&! g<()"+"*5!W&6<%"-*-!2T1."+*!@!W&%9"+"0(!'*%*!L0$(<="-0%&(!@!#='%&(*(:!".! '2!&jQ!677MS!$&.$Q!2&!R2&.)22&!,Q.!).NQ%T&,)-.!#Q5%'!2&!P&,4.&!R&%&!2&! (%)R'!m8:8!,QTQ!#Q5%'!2Q#!;'%P),)Q#!R&%&!HX,$)T&#!#'!R452),&%Q.!'.! ,).,Q!)*)QT&#S!&!2Q#!N).'#!*'!&#)#$)%!&!2&#!,QT4.)*&*'#!*'!.4'PQ#! RQ52&*Q%'#!O!R&%&!R%Q$'('%!2&!#'(4%)*&*!Rd52),&C!W01%&!.*!1*(&!-&!&(*! &I'&%"&$+"*5!&.!-&'*%)*=&$)0!*A0%*!&9*.T*!-&!;<H!=*$&%*!(&!'<&-&$! +0$("-&%*%!@!*10%-*%!=&>0%!.0(!D*+)0%&(!+<.)<%*.&(5!H)$"+0(!@!%&."6"0(0(!&$! +<*$)0!*!*.&%)*(!*!.*!(&6<%"-*-!'T1."+*5!.*!'.*$"D"+*+",$!-&!+&$)%0(!-&! %&D<6"0!@!-&!%&+&'+",$!@!.*(!+0$(<.)*(!-&!6&()",$!-&!&=&%6&$+"*(:! 333:609:'&:+*m0*6!

JC87! >'R&%$&T'.$Q!*'!<(%),42$4%&! #.!N&'*%)*=&$)0!-&! J6%"+<.)<%*!0D%&+&!&.! 2%06%*=*!-&!P<)<%*(! /%*$>&%0(5!;<&!*@<-*!*!.0(! %&+"H$!..&6*-0(5!"$+.<(0!*! .0(!$<&90(!'01.*-0%&(!-&! 2#4!"$)&%&(*-0(5!*!"$6%&(*%! &$!.*!+0=<$"-*-!*6%C+0.*! -&!2#4:!N&$)%0!-&.! '%06%*=*5!(&!*("6$*!*!<$! ="&=1%0!-&.!N&'*%)*=&$)0!-&!J6%"+<.)<%*!'*%*!)%*1*>*%!-&!+&%+*!+0$! 2?6"$*!_]! !


!

+*-*!(0."+")*$)&!&$!<$!%0.!-&!D*+".")*-0%!@!-&!+*'*+")*-0%:!J!.0(!(0."+")*$)&(! )*=1"H$!(&!.&(!0D%&+&!*++&(0!*!<$!'%06%*=*!-&!=&$)0%&(!&='%&(*%"*.&(! "$-"9"-<*.&(!'0%!=&-"0!-&.!+<*.!.0(!$<&90(!*6%"+<.)0%&(!)%*1*>*$!><$)0!+0$! <$!&='%&(*%"0!&I'&%"=&$)*-0!'*%*!)%*)*%!-&(*DC0(!%&.*+"0$*-0(!+0$!.0(! $&60+"0(:!#.!&='%&(*%"0!;<&!0D"+"*!-&!*(&(0%!&()?!-"('<&()0!*!+0='*%)"%! (<(!&I'&%"&$+"*(!@!*!0D%&+&%!<$!*(&(0%*="&$)0!;<&!'<&-*!*@<-*%!*!.0(! "$="6%*$)&(!*!+0$0+&%!.*!L0=<$"-*-!#='%&(*%"*.!-&!2#4:!m&O!,).,Q! .4'PQ#!RQ52&*Q%'#!*'!/"1!).#,%)$Q#!Q!'.!R%Q,'#Q!*'!).#,%)5)%#'!'.!'2! R%Q(%&T&C!333:609:'&:+*m*6%"+<.)<%&! !!

JC88! >'R&%$&T'.$Q!*'!/'#,&S!<,4),42$4%&!O!>'#&%%Q22Q! +4%&2! pJ++&((!2#4q5!<$*!-"9"(",$! -&.!N&'*%)*=&$)05!&(!.*! '<&%)*!-&!&$)%*-*!*.! /01"&%$0!2%09"$+"*.!'*%*! .0(!$<&90(!'01.*-0%&(!@! %&("-&$)&(!-&!.*!"(.*!;<&! 1<(+*$!9*%"0(!W&%9"+"0(!-&.! /01"&%$0:!B*(!$&+&("-*-&(! -&!.0(!$<&90(!'01.*-0%&(! '<&-&$!*1*%+*%!-&(-&!&.! "$)&%+*=1"0!-&!."+&$+"*(!-&!+0$-<+"%!&I)%*$>&%*(!A*()*!.0(!"='<&()0(!@! '&%="(0(:!pJ++&((!2#4q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mD*%-! 2?6"$*!_e! !


!

!

JC86! >'R&%$&T'.$Q!*'!9'*)Q!<T5)'.$'S!".'%(X&!'! 1.('.)'%X&!k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m&#$&!2&!&,$4&2)*&*S!TV#!*'!_7!R'%#Q.&#!U&.!,4%#&*Q!'#$&!,&R&,)$&,)-.! R'%#Q.&2)f&*&C!#.!N&'*%)*=&$)05!><$)0!+0$!-"9&%(0(!6%<'0(!-&-"+*-0(!*! .*!9"-*!(".9&()%&5!'*)%0+"$*!<$![*..&%!-&!J9&(!J+<?)"+*(!'*%*!g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

2?6"$*!_^! !


!

'%&(&$)*+"0$&(!A*$!+0$)*-0!+0$!=<+A0(!*("()&$)&(!@!A*$!"$+.<"-0!.*! )%*-<++",$!-&!.*(!-"*'0(")"9*(!&!"$)H%'%&)&(!&$!9"90:! #.!N&'*%)*=&$)05!+0$!.*!*@<-*!-&!="&=1%0(!-&!.*!+0=<$"-*-!-&!$<&90(! '01.*-0%&(5!A*!+0$()%<"-0!<$*!*."*$7*!(,."-*:!#.!N&'*%)*=&$)0!"$)&$)*! *<=&$)*%!)*$)0!.*!(*)"(D*++",$!+0=0!.*!'*%)"+"'*+",$!-&!)0-0(!.0(! A*1")*$)&(!-&!.*!"(.*:!333:609:'&:+*m&&D! !

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

2?6"$*!_`! !


!

! ! "#$%&'!(!)!*+,%-+.!/+!0',!'12#3#/'/+,!$%4+&.'-+.2'0+,!5&63#.1#'0+,!&+0'1#6.'/',!16.!06,!,+&3#1#6,!/+!&'/#1'1#7.!

! ! ! !

"#$%&'!()! !


!

*+!,-.%/0&-!1'2.%3&!4/!5-260-2/1/!'!10'.'7'0!5-&!+-4!2%/2.0-4!&8/9-4! :!/41'.+/5%;-4!6'0'!4841/&1'0!<-02'4!%&&-9';-0'4!;/!8&%0!'!+-4!='.%1'&1/4! ;/!+'!%4+'!:!+-4!&8/9-4!6-.+';-0/4!/&!/+!60-5/4-!;/!0';%5'5%>&?!@'&1-!+'4! %&%5%'1%9'4!;/!.'4/4!5-2-!8&!5-260-2%4-!5-260-.';-!;/+!,-.%/0&-! 6/02%1/&!'!+-4!&8/9-4!6-.+';-0/4!4'./0!;/!2'&/0'!28:!6/04-&'+!A8/! 4-&!8&'!6'01/!9'+%-4'!;/+!<8180-!;/!"*B!:!A8/!/C%41/&!-6-018&%;';/4!6'0'! 4/0!6'01/!;/!0/;/4!4-5%'+/4!A8/!.0%&;'&!48!'6-:-?!!

!

"#$%&'!()! !


!

"#$%&!'()*!+#!&)%$#%&,-#!'&!$#'-.#.-/0!'&!"$-0.&! &'1#$'!-)+#0'! !

"#$%&'!(D! !


!

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

! N!2/;%;'!A8/!+-4!&8/9-4!6-.+';-0/4!'9'&O'&!'!10'934!;/+!60-5/4-!;/! 0';%5'5%>&H!1'2.%3&!5'2.%'&!+-4!1%6-4!:!&%9/+/4!;/!4/09%5%-4!A8/! &/5/4%1'&?!P&'!*410'1/$%'!;/!Q';%5'5%>&!/<%5'O!0/5-&-5/!:!'.-0;'!+'! R&;-+/!/9-+81%9'!:!'!+'0$-!6+'O-!;/!+'4!&/5/4%;';/4!;/!0';%5'5%>&?!

"#$%&'!(E! !


!

! *&!4/$8&;-!+8$'0H!+'!0';%5'5%>&!/4!8&!?=@:6A@!<@EB6!A8/!%&9-+850'!1'&1-!'! +-4!&8/9-4!6-.+';-0/4!5-2-!'!+'!&8/9'!5-28&%;';?! ?&49$"#A#B#C"%&'"'&()D#9)#-$.'*+.#&)6*$"'6&7.#

!

E.+6#F.'&*63#6$"/"G"# ! -"$"#&)',9&$#"#,.+# )9*7.+#-./,"%.$*+#*)# ! +9#$*%#+.'&",#3# *'.)(2&'"0#"#,"#7*5# ! H9*#$*+-*6"#3#7",.$"# ,"+#'9,69$"+#3# ! *I-*$&*)'&"+#J)&'"+#%*# ,.+#)9*7.+#-./,"%.$*+=!

!

!.+#)9*7.+#-./,"%.$*+# 6$"/"G")#-"$"# '.)7*$6&$+*#*)# 2&*2/$.+#H9*#6*)4")# 9)"#-"$6&'&-"'&()#-,*)"# *)#,"#+.'&*%"%0# 2")6*)&*)%.#+9#-$.-&"# '9,69$"#%&+6&)6&7"0#"#,"# 7*5#H9*#$*+-*6")#3# "-$*)%*)#"#6*)*$#8I&6.# *)#9)"#+.'&*%"%#)9*7"=!

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

!"#$%&'(")*#*$*+$!"#$,-.#$#/&0+*&1#$/(2&-$-+13)/)&-$2$#4&2&$4#1#$ .&-$"(+3&-$4&5.#*&1+-$/&"61)5(2+$#$6+"+1$("#$41&3)"/)#$417-4+1#$2$/&"$ *)3+1-)*#*$/(.6(1#.8# ! "#$%&'!(S! !


!

! !

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

"#$%&'!((! !


!

! *+!,-.%/0&-!;/!"*B!4/!5-260-2/1/!'!10'.'7'0! /&!5-+'.-0'5%>&!5-&!1-;-4!+-4!='.%1'&1/4!;/! +'!%4+'!:!5-&!&8/410-4!4-5%-4!60%&5%6'+/4H!A8/! %&5+8:/&!/+!,-.%/0&-!;/!Y'&';#H!+'! 5-28&%;';!;/!&8/9-4!6-.+';-0/4H!"*BNZYH! +'4!28&%5%6'+%;';/4H!+-4!/26+/';-4H!+-4! 60-9//;-0/4!;/!4/09%5%-4!;/!4'+8;H!:!+'4! -0$'&%O'5%-&/4!31&%5'4H!0/+%$%-4'4!:! 5-2/05%'+/4H!'!+-4!<%&/4!;/!%26+/2/&1'0!+'! /410'1/$%'?!B&5+8%0!'!1-;'4!+'4!6'01/4! %&1/0/4';'4!6'0'!%26+/2/&1'0!+'!/410'1/$%'! "#$%&'!(X! !


!

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


!

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


!

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

"#$%&'!(W! !


!

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•

9+/&"&/+1$#$.#$:+/1+6#1;#$*+$9#*)/#/)7"$*+.$<+4#16#'+"6&$*+$ ,""&3#/)7"$2$=41+"*)>#?+$=3#">#*&$/&'&$+.$41)"/)4#.$01(4&$ 1+-4&"-#5.+$*+$.#$)'4.+'+"6#/)7"$*+$+-6#$+-61#6+0)#$/&"$.#$ &5.)0#/)7"$*+$1+#.)>#1$("#$1+3)-)7"$#"(#.$*+$.#$+@)/#/)#$*+$.#$ +-61#6+0)#A$)"@&1'#1$-&51+$+.$#3#"/+$+$)"/&14&1#1$'&*)@)/#/)&"+-8$

$ •

B-6#5.+/+1$("#$%&')-)7"$,"6+1*+4#16#'+"6#.$*+$,"')01#/)7"$2$ 9#*)/#/)7"$*+.$C&5)+1"&$D1&3)"/)#.$/(2&$'#"*#6&$-+#$1+(")1-+$/&"$ 1+0(.#1)*#*$4#1#$61#6#1$6+'#-$E(+$#@+/6+"$.#$1+6+"/)7"A$4#1#$ /&'4#16)1$4.#"+-$*+$61#5#?&$+$)"@&1'#/)7"$E(+$0#1#"6)/+"$("$ +"@&E(+$)"6+01#.$*+$6&*&$+.$0&5)+1"&$F#/)#$.#$41&3)-)7"$*+$ -+13)/)&-8$

$

"#$%&'!(`! !


!

C#1#"6)>#1$E(+$.&-$)"6+"6&-$*+$#61#//)7"$2$1+6+"/)7"$*+$.&-$"(+3&-$ 4&5.#*&1+-$/(51#"$.#-$51+/F#-$.#5&1#.+-$*+$.#$4&5.#/)7"$#/6)3#$*+$ .#$)-.#8$

$ •

D1&'&3+1$1+.#/)&"+-$*+$.#$D1&3)"/)#$/&"$+.$C&5)+1"&$G+*+1#.$2$+"$ 4#16)/(.#1$/&"$%,%$#$.&-$+@+/6&-$*+$4.#"+#1$2$#5&1*#1$41&5.+'#-$ 1+.#/)&"#*&-$/&"$.#$1#*)/#/)7"$*+$'#"+1#$41&#/6)3#8$<)/F&-$ 41&5.+'#-$4(+*+"$)"/.()1$("$41&6&/&.&$4#1#$1+/)5)1$*#6&-$*+$ )"01+-&-$)"')01#6&1)&-$#/6(#.)>#*&-$*+$'#"+1#$&4&16("#A$+.$ H&*+.&$*+$=-)0"#/)7"$*+$9#*)/#/)7"$2$@&"*&-$1+.#/)&"#*&-A$ /&"-61()1$/&'(")*#*+-$E(+$-+#"$("$1+@(0)&$*+$.&-$')-'&-$4#;-+-$ *+$&1)0+"$&$4&.;6)/#-$2$41&01#'#-$*+$1#*)/#/)7"$2$1+6+"/)7"8! $

%1+#1$("$'+/#")-'&$*+"61&$*+$.#$:+/1+6#1;#$*+$D&5.#/)7"$4#1#$ 0#1#"6)>#1$E(+$.#-$&10#")>#/)&"+-$0(5+1"#'+"6#.+-$2$"&$ 0(5+1"#'+"6#.+-$E(+$61#5#?#"$+"$@&1'#$/&.+/6)3#$4#1#$#./#">#1$+.$ &5?+6)3&$'(6(&$*+$("#$'#2&1$1#*)/#/)7"$2$1+6+"/)7"$*+$"(+3&-$ 4&5.#*&1+-$6+"0#"$.#$&4&16(")*#*$*+$/&'(")/#1-+$2$/&'4#16)1$ )"@&1'#/)7"8$ $

*41-4!5-260-2%4-4!<-02'+/4!:!+'4!/41085180'4!:!+-4!60-5/;%2%/&1-4!A8/! +-4!4841/&1'&!10'.'7'0#&!6'0'!$'0'&1%O'0!A8/!+-4!4/09%5%-4!;/!0';%5'5%>&! 4/'&!6/01%&/&1/4H!0/5/61%9-4!:!/<%5'5/4!/&!/+!2-2/&1-!A8/!4/! %26+/2/&1/&!:!/&!/+!<8180-?! !

"#$%&'!X)! !


!

! O34! +#!&)%$#%&,-#!'&!$#'-.#.-/0!'&!"&-! O35! -98:8>K8G>A!<6!B>!6AK=>K6C8>! *C%41/&!285=-4!1%6-4!:!&%9/+/4!;/!4/09%5%-4!&/5/4'0%-4!6'0'!':8;'0!'!+-4! &8/9-4!6-.+';-0/4!'!'9'&O'0!'!10'934!;/!+'4!<'4/4!;/!+'!0';%5'5%>&H!+'! ';'61'5%>&!:!+'!%&5+84%>&?!T/!'58/0;-!5-&!+-!A8/!&-4!='&!%&<-02';-!+'4! 5-28&%;';/4!;/!&8/9-4!6-.+';-0/4!:!5-&!+'!/C6/0%/&5%'!;/!-10'4! 60-9%&5%'4!:!780%4;%55%-&/4H!+'!*410'1/$%'!;/!Q';%5'5%>&!;/!"*B!4/!5/&10'0#! /&!10/4!#0/'4!60%-0%1'0%'4a!#0/'4!A8/!68/;/&!1/&/0!8&'!%&<+8/&5%'!6-4%1%9'! /+!;/4/-!:!+'!5'6'5%;';!;/!+-4!&8/9-4!6-.+';-0/4!;/!/41'.+/5/04/!:! '6-01'0!'!+'!5-28&%;';?!T%5='4!#0/'4!4/!28/410'&!/&!+'!L%$80'!`?! ?&49$"#N#B#L"$6*+#&)O,93*)6*+#*I&6.+"+#-"$"#,"#$"%&'"'&()#

! ! ! ! ! ! ! ! ! ! ! ! "#$%&'!XD! !


!

N+!%$8'+!A8/!+'!0';%5'5%>&H!/41'!/410'1/$%'!0/60/4/&1'!8&!60-5/4-G!/+! 60-5/4-!;/!-.1/&/0!;'1-4!5';'!9/O!2#4!5-&<%'.+/4!:!;/!;/4'00-++'0!/! %26+/2/&1'0!60-$0'2'4!5';'!9/O!2#4!/<%5'5/4!6'0'!+'!0';%5'5%>&!;/!+-4! &8/9-4!6-.+';-0/4?!*&!+'4!4%$8%/&1/4!4/55%-&/4!4/!;/450%./&!+'4!%&%5%'1%9'4! 48$/0%;'4!6'0'!5';'!8&'!;/!+'4!#0/'4!A8/!'</51/&!6-4%1%9'2/&1/!'!+'! 0';%5'5%>&H!/&10/!/++'4H!='.%+%;';/4!+%&$bR41%5'4H!-6-018&%;';/4! 5-2/05%'+/4!:!+'.-0'+/4H!:!5'+%;';!;/!9%;'?!!

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cK!6'0'!':8;'0!'!+-4! &8/9-4!6-.+';-0/4!'!;/4'00-++'0!='.%+%;';/4!

P*/&%.#"#+9#6"2"Q.0#LMR#*+#9)#,94"$# *I'*,*)6*#-"$"#"-$*)%*$#&)4,8+# $1-&%"2*)6*=#S.%.+#,.+#%T"+#9).#-9*%*# *)'.)6$"$+*#3#:"/,"$#'.)#,"#4*)6*#%*#&+,"=! U9*7.#-./,"%.$#%*#LMR#

"#$%&'!XE! !


!

5-28&%5'1%9'4!'!10'934!;/!+'!+/5180'H!+'!5-&9/04'5%>&H!+'!/4585='!:!+'! /450%180'H!/&!8&'!2/;%;'!A8/!+/4!6/02%1'!%&1/$0'04/!'!+'!4-5%/;';! 5'&';%/&4/?!I-4!&8/9-4!6-.+';-0/4!='&!%&;%5';-!A8/!J'K!+'!9/+-5%;';!:!/+! &%9/+!5-&!+-4!A8/!0/5%./&!+'!%&410855%>&!;/+!%;%-2'!%&$+34!6-;0R'&! '5/+/0'04/!:!A8/!J.K!';A8%0%0!='.%+%;';/4!%;%-2#1%5'4!6'0'!/+!+8$'0!;/! 10'.'7-!/4!;/5%4%9-?!! # R)&'&"6&7"+#+94*$&%"+D# •

<+-#11&..#1$("$'#1/&$*+$/#4#/)6#/)7"$)*)&'I6)/#$)"6+01#.$E(+$ #2(*#$#$0#1#"6)>#1$E(+$.&-$"(+3&-$4&5.#*&1+-$1+/)5#"$("#$ /#4#/)6#/)7"$)*)&'I6)/#$#*+/(#*#$4#1#$51)"*#1$#4&2&$#$-($ )"/.(-)7"$+"$+.$.(0#1$*+$61#5#?&$2$.#$/&'(")*#*8$ $

J1#5#?#1$/&"$41&3++*&1+-$*+$-+13)/)&-$4#1#$)"61&*(/)1$ &4&16(")*#*+-$*+$/#4#/)6#/)7"$*+$)*)&'#$)"0.K-$*+$.#$9+@+1+"/)#-$ ,*)&'I6)/#-$*+$%#"#*IA$E(+$&@1+>/#"$&4/)&"+-$*+$F&1#1)&-$4#1#$ /(1-&-$#/+.+1#*&-A$3+-4+16)"&-A$+-6)3#.+-$2$*(1#"6+$+.$@)"$*+$ -+'#"#8$ $

B')6)1$("#$/&"3&/#6&1)#$4#1#$41&3++*&1+-$*+$-+13)/)&-$F#5).)6#*&-$ 4#1#$&@1+/+1$-+-)&"+-$*+$/#4#/)6#/)7"$*+$/&"3+1-#/)7"8$L#-$ -+-)&"+-$-+$4&*1;#"$&@1+/+1$+"$)*)&'#$)"0.K-$4#1#$#2(*#1$#$.&-$ "(+3&-$4&5.#*&1+-$/&"$-(-$F#5).)*#*+-$)*)&'I6)/#-8$L#-$-+-)&"+-$ 6#'5)K"$-+$4&*1;#"$&@1+/+1$+"$&61&-$)*)&'#-$4#1#$.&-$F#5)6#"6+-$ *+$.#$)-.#$E(+$*+-++"$#41+"*+1$&61&$)*)&'#8!

"#$%&'!XS! !


!

O3F3F! .>?>:8K>:8;9!8<8@QRK8:>!?>=>!6AKI<8>9K6A!<6!ST5F! I'!/;85'5%>&!4/58&;'0%'!/4!8&! 4/09%5%-!/4/&5%'+!A8/!+'!60-9%&5%'! ;/!"*B!/41#!'!5'0$-!;/!482%&%410'0?! I'!4/55%>&!*NIdLNI!;/+! T/6'01'2/&1-!;/!*;85'5%>&!:! T/4'00-++-!;/!+'!Z%V/O!='!1/&%;-! 285=-!3C%1-!/&!+'!<-02'!;/! 0/46-&;/0!'!+'4!&/5/4%;';/4!;/!+-4! &8/9-4!6-.+';-0/4!/&!/;';! /45-+'0?!I'!60-9%4%>&!;/!/41-4! 4/09%5%-4!/4!28:!-0$'&%O';'!:!.%/&! 2'&/7';'!:!/4!&/5/4'0%'!/&!1-;'! +'!60-9%&5%'? # R)&'&"6&7"+#+94*$&%"+D# •

J1#5#?#1$-&51+$+.$KM)6&$#/6(#.$-)0()+"*&$61#5#?#"*&$*+$/+1/#$/&"$+.$ <+4#16#'+"6&$*+$B*(/#/)7"$2$<+-#11&..&$*+$.#$N)O+>$4#1#$ /&"61&.#1$.#$*+'#"*#$2$#5&1*#1$.#-$"+/+-)*#*+-$*+$.&-$"(+3&-$ 4&5.#*&1+-$E(+$-&"$")O&-8$ $

:+0()1$1+-4&"*)+"*&$#$.#-$"+/+-)*#*+-$*+$.&-$+*(/#*&1+-$E(+$ 61#5#?#"$/&"$+-6(*)#"6+-$+M61#"?+1&-A$ 0#1#"6)>#"*&$E(+$6+"0#"$#//+-&$#$.#-$ F+11#')+"6#-$E(+$"+/+-)6#"8$!

!

"#$%&'!X(! !


!

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•

H+?&1#1$.#$/&"+M)7"$+"61+$.&-$41&01#'#-$*+$#4&2&$*+$+'4.+&$*+.$ 0&5)+1"&$41&3)"/)#.A$/&'&$4&1$+?+'4.&A$+.$D1&01#'#$2$.#$ %#4#/)6#/)7"$*+$.#$BM4+1)+"/)#$L#5&1#.$*+$,"')01#"6+-$*+$:P)..-$DB,$ 2$+.$:+13)/)&$*+$=-)-6+"/)#$L#5&1#.$QB=:R$*+$DB,=N%A$#$.&-$@)"+-$*+$ 41&'&3+1$2$#('+"6#1$.#$+M4+1)+"/)#$2$.#-$&4&16(")*#*+-$.#5&1#.+-$ *+$("$S4(+"6+$F#/)#$+.$61#5#?&S$4#1#$.&-$"(+3&-$4&5.#*&1+-8$! $ "#$%&'!XX!

!


!

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

$ •

<+-#11&..#1$+$)'4.+'+"6#1$("$41&01#'#$4#1#$51)"*#1$#4&2&$4#1#$ &@1+/+1$ 4(+-6&-$ *+$ 61#5#?&$ +"$ +.$ -+/6&1$ 4U5.)/&$ #$ .&-$ "(+3&-$ 4&5.#*&1+-$/&"$+M4+1)+"/)#$.#5&1#.8$!

,"3+-6)0#1$.&-$/#')"&-$4#1#$*+-#11&..#1$'+?&1+-$3;"/(.&-$+"61+$.#-$ "+/+-)*#*+-$ *+.$ +'4.+#*&1$ 2$ .#$ /&"61#6#/)7"$ *+$ 61#5#?#*&1+-$ +M61#"?+1&-$6+'4&1#.+-$E(+$6+"0#"$.#-$F#5).)*#*+-$4#1#$/(51)1$.#-$ 51+/F#-$*+.$'+1/#*&$.#5&1#.8#

#

# •

B.$C&5)+1"&$*+$D1)"/+$B*V#1*$,-.#"*$61#5#?#1I$/&"$.#-$%I'#1#-$*+$ %&'+1/)&$ *+$ .#$ ,-.#$ 4#1#$ &@1+/+1$ 41&01#'#-$ +'41+-#1)#.+-$ +-4+/;@)/&-$ 4#1#$ .&-$ "(+3&-$ 4&5.#*&1+-8

"#$%&'!XM! !


!

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•

<+-#11&..#1$+$)'4#16)1$6#..+1+-$2$-+')"#1)&-$*+$"+0&/)&-$+"$ #-&/)#/)7"$/&"$41&3++*&1+-$*+$-+13)/)&-$E(+$.+-$4+1')6#"$#$.&-$ "(+3&-$4&5.#*&1+-$/&'41+"*+1$'I-$-&51+$.&-$+"6&1"&-$ +'41+-#1)#.+-$*+$%#"#*I$2$*+$DB,8$B-6&-$6#..+1+-$*+5+"$ +-61(/6(1#1-+$*+$'&*&$6#.$E(+$.&-$F#5)6#"6+-$*+$.#$)-.#$4(+*#"$

"#$%&'!X[! !


!

#41+"*+1$#$4#16)1$*+.$/&"&/)')+"6&$2$.#$+M4+1)+"/)#$*+$.&-$"(+3&-$ 4&5.#*&1+-8! $! •

H+?&1#1$.#$41&'&/)7"$2$+.$#./#"/+$*+.$/&"?("6&$*+$-+13)/)&-$*+$ *+-#11&..&$/&'+1/)#.$+M)-6+"6+$+"$W,""&3#6)&"$DB,X$4#1#$.&-$"(+3&-$ 4&5.#*&1+-$#$61#3K-$*+$.#$/&"61#6#/)7"$*+$'I-$@("/)&"#1)&-$4#1#$+.$ 41&01#'#8$ !

B.$C&5)+1"&$*+$D1)"/+$B*V#1*$,-.#"*$61#5#?#1I$/&"$.#-$%I'#1#-$*+$ %&'+1/)&$*+$.#$,-.#$4#1#$+-6#5.+/+1$("$D1&01#'#$*+$J(6&1;#$ B'41+-#1)#.$4#1#$.&-$"(+3&-$4&5.#*&1+-8$Y#$+M)-6+$("&$4#1#$.&-$ 1+-)*+"6+-$"#/)*&-$+"$.#$)-.#$2$+-$'(2$+M)6&-&8$B.$41&01#'#$#-)-6)1I$ #$.&-$"(+3&-$4&5.#*&1+-$#$+-6#5.+/+1$-($41&4)&$"+0&/)&$+"$D1)"/+$ B*V#1*$,-.#"*$4&")K"*&.&-$+"$/&"6#/6&$/&"$41&4)+6#1)&-$*+$ "+0&/)&-$+-6#5.+/)*&-8! $

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

B.$C&5)+1"&$*+$D1)"/+$B*V#1*$,-.#"*A$.#$%I'#1#$*+$%&'+1/)&$*+.$ \1+#$*+$C1+#6+1$%F#1.&66+6&V"$2$-(-$-&/)&-$61#5#?#1I"$?("6&-$4#1#$ "#$%&'!XW!

!


!

&@1+/+1$("#$-+1)+$*+$G&1&-$-&51+$.#$,"')01#/)7"$61)'+-61#.+-$/&"$+.$ &5?+6)3&$*+$+*(/#1$#$.&-$+'41+-#1)&-$*+$.#$)-.#$#/+1/#$*+$.#$ )'4&16#"/)#$*+$.#$)"')01#/)7"8$L&-$@&1&-$)"/.()1I"$41+-+"6#*&1+-$ *+$6&*&$+.$4#;-$E(+$&@1+/+1I"$41I/6)/#-$41&'+6+*&1#-$#/+1/#$*+$.#$ )"6+01#/)7"$+/&"7')/#$*+$.&-$"(+3&-$4&5.#*&1+-8$L&-$&5?+6)3&-$ +-4+/;@)/&-$*+$.&-$@&1&-$-&"Z! o ,*+"6)@)/#1$+.$1&.$&$.&-$1&.+-$*+$.&-$"+0&/)&-$+"$.#$ )"6+01#/)7"$*+$.&-$"(+3&-$4&5.#*&1+-$#$.#$/&'(")*#*8$ o ](+$.#$/&'(")*#*$+'41+-#1)#.$/&'41+"*#$'+?&1$.#$ "+/+-)*#*$*+$.#$)"')01#/)7"$4#1#$"(+-61#$41&3)"/)#8$ o C+"+1#1$/&5+16(1#$*+$'+*)&-$*+$.&-$@&1&-$4#1#$)"@&1'#1$#.$ 4U5.)/&$#/+1/#$*+$.#$)'4&16#"/)#$*+$.#$)"')01#/)7"$2$*+.$1&.$ *+$.#$/&'(")*#*$+"$.#$1+6+"/)7"8$ $ $

! O3H3H! &AKI<8>9K6A!K6=:8>=8@A!@!I98G6=A8K>=8@A!

V)"#*)'9*+6"#*)6$*#*+69%&")6*+#*I6$")G*$.+# H9*#"+&+6T")#"#E.,,")%#W.,,*4*#%*2.+6$(#H9*# ",#+*+*)6"#3#%.+#-.$#'&*)6.#;@XY>#%*#*,,.+#,*# 49+6"$T"#H9*%"$+*#*)#LMR#%*+-98+#%*# 4$"%9"$+*#+&#-9%&*$")#*)'.)6$"$#9)#6$"/"G.# 7",&.+.=#

I'4!%&41%185%-&/4!;/!/;85'5%>&!486/0%-0! ;/!"*B!='&!0/46-&;%;-!'+!;/4'<R-!;/!A8/! &'5/&!2/&-4!&%V-4!/&!&8/410'!0/$%>&!:! A8/!4/!%&450%./&!/&!+'4!%&41%185%-&/4!;/! /;85'5%>&!486/0%-0H!%&450%.%/&;-!:! /;85'&;-!5-&!3C%1-!'!/418;%'&1/4! /C10'&7/0-4?!*+!,-.%/0&-!;/!Y'&';#!='! 0/5-&-5%;-!+-4!9'+%-4-4!0/5804-4!A8/!+-4! $0';8';-4!/C10'&7/0-4!1%/&/&!/&!58'&1-!!

"#$%&'!X`! !


!

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

B3#.(#1$+.$")3+.$*+$61#"-)/)7"$*+$.&-$+-6(*)#"6+-$6+1/)#1)&-$&$ (")3+1-)6#1)&-$)"6+1"#/)&"#.+-$F#/)#$+.$'+1/#*&$.#5&1#.$*+$DB,8!

J1#5#?#1$/&"$)"-6)6(/)&"+-$+*(/#6)3#-$4#1#$&@1+/+1$#$.&-$ +-6(*)#"6+-$+M61#"?+1&-$'I-$&4&16(")*#*+-$4#1#$/&"&/+1$+$ )"3&.(/1#1-+$/&"$.#-$&4&16(")*#*+-$.#5&1#.+-$*+$DB,8!

!

J1#5#?#1$+"$/&.#5&1#/)7"$/&"$.#-$)"-6)6(/)&"+-$*+$+*(/#/)7"$ -(4+1)&1$*+$DB,$4#1#$+.#5&1#1$("#$B-61#6+0)#$*+$B-6(*)#"6+-$ E(+$)*+"6)@)E(+$.&-$'+1/#*&-$+-61#6K0)/&-A$-+$3)"/(.+$/&"$.#-$ *+'#"*#-$*+.$'+1/#*&$.#5&1#.$*+$DB,$2$#2(*+$#$*+-#11&..#1$.&-$ -+/6&1+-$41)&1)6#1)&-$*+$DB,8!

!

"#$%&'!M)! !


!

O3X! .>B8<><!<6!G8<>! e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

"#$%&'!MD! !


!

O3X35! -97@=Q>:8;9!A@E=6!B>!=><8:>:8;9! I-4!&8/9-4!6-.+';-0/4!++/$'&!5-&!285='4!&/5/4%;';/4!;/!%&<-02'5%>&?! @/&/0!2#4!%&<-02'5%>&!4-.0/!+-4!4/09%5%-4!$8./0&'2/&1'+/4!:! 5-28&%1'0%-4!/4/&5%'+/4!/&!285=-4!%;%-2'4H!/4!5+'9/!6'0'!':8;'0!'!+-4! &8/9-4!6-.+';-0/4!'!2'&1/&/0!48!%&;/6/&;/&5%'!:!'81-&-2R'!2%/&10'4! '60/&;/&!%&$+34!:!4/!';'61'&!'+!/&1-0&-!;/!"*B?! R)&'&"6&7"+#+94*$&%"+D# •

%&11+0)1A$61#*(/)1$2$*)-61)5()1$+.$H#"(#.$*+$[1)+"6#/)7"$4#1#$.&-$ N(+3&-$D&5.#*&1+-$6#"6&$-($3+1-)7"$)'41+-#$/&'&$+"$,"6+1"+68$ $

%1+#1$("#$4&.;6)/#$*+$61#*(//)7"$+$)"6+141+6#/)7"$E(+$)"/.(2#A$ +"61+$&61&-$+.+'+"6&-Z$! o /1)6+1)&-$*+$41+4#1#/)7"$4#1#$.&-$)"6K141+6+-A$ o "&1'#-$*+$-+13)/)&$4#1#$-)6(#/)&"+-$*+$+'+10+"/)#-$ 'K*)/#-A$.+0#.+-$2$*+$41&6+//)7"$*+$'+"&1+-A$2$ o 4#(6#-$4#1#$.#$61#*(//)7"$*+$'#6+1)#.+-$*+4#16#'+"6#.+-$2$ *+$.#-$&10#")>#/)&"+-8$ $

B.$#O&$417M)'&A$+.$C&5)+1"&$*+$D1)"/+$B*V#1*$,-.#"*$)"3+-6)0#1I$.#$ +@)/#/)#$*+$*&-$/#-&$*+$1#*)/#/)7"$*+$61#5#?#*&1+-$Q:+66.+'+"6$ %#-+$T&1P+1-R$4#1#$.#$=-&/)#/)7"$*+$DB,$4#1#$N(+3&-$D&5.#*&1+-$ *+$%#"#*I8$L&-$"(+3&-$4(+-6&-$/(51)1I"$("#$51+/F#$)*+"6)@)/#*#$ +"$+.$41&/+-&$*+$/&"-(.6#$'+*)#"6+$+.$/(#.$+-$4&-)5.+$E(+$#.0("&-$ "(+3&-$4&5.#*&1+-$"+/+-)6+"$'I-$-+13)/)&-$*+$&1)+"6#/)7"$ )"6+"-)3&-$/(#"*&$..+0#"$4&1$41)'+1#$3+>8$! $

"#$%&'!ME! !


!

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•

9+#.)>#1$("#$/&"-(.6#$/&"$+.$<+4#16#'+"6&$*+$:#.(*$2$^)+"+-6#1$ 4#1#$0#1#"6)>#1$E(+$+M)-6#"$4&.;6)/#-$2$41&/+*)')+"6&-$4#1#$ #5&1*#1$.#-$"+/+-)*#*+-$)"'+*)#6#-$2$+-+"/)#.+-$*+$.&-$"(+3&-$ 4&5.#*&1+-$*+$'#"+1#$+@)/#>$2$&4&16("#A$E(+$'+?&1+"$.#$ -+0(1)*#*$2$.#$-#.(*$4U5.)/#$0+"+1#.+-8$! $

B.$C&5)+1"&$*+$D1)"/+$B*V#1*$,-.#"*$61#5#?#1I$/&"$.#$=-&/)#/)7"$ *+$DB,$4#1#$N(+3&-$D&5.#*&1+-$*+$%#"#*I$#$.&-$+@+/6&-$*+$ 0#1#"6)>#1$E(+$*)/F&-$"(+3&-$4&5.#*&1+-$6+"0#"$#//+-&$#$ )"6K141+6+-$/(#"*&$-(16#"$-(-$1+/+6#-$'K*)/#-8$B-6&$@#/).)6#1I$#$.&-$ "(+3&-$4&5.#*&1+-$E(+$/&'41+"*#"$.#-$*&-)-$2$.#-$41+/#(/)&"+-$ *+$-+0(1)*#*$2$.+-$4+1')6)1I$F#/+1$41+0("6#-$*)1+/6#'+"6+$#.$ @#1'#/K(6)/&8! $

O3X3H! $6<6A!:@QI98K>=8>A! Z-!4/!68/;/!/C'$/0'0!+'!2/;%;'!/&!+'!58'+! 0/5%.%0!/!%&5+8%0!'!+-4!&8/9-4!6-.+';-0/4!'!+'4! 0/;/4!4-5%'+/4!:!5-2/05%'+/4!'</51'! 6-4%1%9'2/&1/!+-4!&%9/+/4!;/!0/1/&5%>&?!I-4! &8/9-4!6-.+';-0/4!A8%/0/&!4/&1%0!A8/! "#$%&'!MS! !


!

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•

<+-#11&..#1$("#$/#'4#O#$*+$+*(/#/)7"$2$*+$/&"/)+"6)>#/)7"$4#1#$ )"@&1'#1$#$.&-$F#5)6#"6+-$*+$.#$)-.#$#/+1/#$*+$.#$'#"+1#$*+$1+/)5)1$ #$.&-$"(+3&-$4&5.#*&1+-$+"$"(+-61#-$/&'(")*#*+-A$*+-6#/#"*&$.&-$ 5+"+@)/)&-$-&/)#.+-$2$+/&"7')/&-$*+$..+3#1$+-6&$#$/#5&$2$4#1#$ 1+#.)>#1$("$4+1@).$*+$.&-$/#-&-$*+$KM)6&$*+$1#*)/#/)7"$+"$DB,8$! !

J1#5#?#1$/&"$+.$D.#"$*+$=//)7"$9(1#.$4#1#$#2(*#1$#$.#-$ /&'(")*#*+-$1(1#.+-$#$(-#1$.&-$1+/(1-&-$+M)-6+"6+-A$/&'&$4&1$ +?+'4.&A$WJ&&.5&M$&@$,*+#-$@&1$:'#..+1$%+"6+1-XA$4#1#$*+-#11&..#1$ +"@&E(+-$2$-&.(/)&"+-$.&/#.+-$4#1#$&56+"+1$1+-(.6#*&-$*+$ 1#*)/#/)7"$-(-6+"6#5.+-$+$)"/.(-)3&-?! !

%&.#5&1#1$/&"$+.$<+4#16#'+"6&$*+$J(1)-'&$2$%(.6(1#$2$/&"$.&-$ -&/)&-$@+*+1#.+-$4#1#$*+-#11&..#1$2$.#">#1$("#$)")/)#6)3#$4).&6&$Q+"$ @&1'#$*+$/&"3&/#6&1)#$*+$5#-+-$4#1#$.#$41&4(+-6#R$4#1#$ *+-#11&..#1$"(+3&-$+3+"6&-$+-4+/)#.+-A$/(.6(1#.+-A$*+4&16)3&-A$ /(.)"#1)&-$&$/&'+1/)#.+-$E(+$@&16#.+>/#"$"(+-61#$B-61#6+0)#$*+$ :+13)/)&-$*+$9#*)/#/)7"$2$5+"+@)/)+$#.$-+/6&1$6(1;-6)/&$*+$DB,8$! "#$%&'!M(!

!


!

$ •

B.$C&5)+1"&$*+$D1)"/+$B*V#1*$,-.#"*$61#5#?#1I$/&"$DB,=N%$4#1#$ &@1+/+1$#$.&-$"(+3&-$4&5.#*&1+-$2$1+-)*+"6+-$#$.#10&$4.#>&$ )"-61(//)7"$/(.6(1#.$2$-&51+$.#$)"6+01#/)7"8$B-6&$@#/).)6#1I$.#$ )"6+01#/)7"$2$.#$/&'41+"-)7"$/(.6(1#.8! $

B.$C&5)+1"&$*+$D1)"/+$B*V#1*$,-.#"*$61#5#?#1I$/&"$.#$%I'#1#$*+$ %&'+1/)&$*+$%F#1.&66+6&V"$4#1#$&@1+/+1$41&01#'#-$+'41+-#1)#.+-$ +-4+/;@)/&-$4#1#$.&-$"(+3&-$4&5.#*&1+-8$ $ $

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


!

'6-01/!6-4%1%9-!'!+'!/C6/0%/&5%'!;/!0';%5'5%>&!;/!+-4!&8/9-4!6-.+';-0/4! /&!&8/410'!60-9%&5%'?# ?&49$"#Z[#B#L"$6*+#&)6*$*+"%"+#*)#,"#$"%&'"'&()#

! I'!4%$8%/&1/!4/55%>&!'&'+%O'!+-4!1%6-4!;/!%&%5%'1%9'4!A8/!'+$8&'4!6'01/4! %&1/0/4';'4!/41#&!++/9'&;-!'!5'.-!/&!+'!'518'+%;';!:!A8/!6-;0R'&!++/9'0!'! 5'.-!/&!/+!<8180-!6'0'!4841/&1'0!/41'!*410'1/$%'!:!60#51%5'4!;/!0';%5'5%>&! /C%1-4'4?!

! Z35! +>!C69K6!<6!"&-! *41'!/410'1/$%'!/4!6'0'!1-;-4!+-4!='.%1'&1/4!;/!+'!%4+'?!N+!0/5%.%0!'!+-4! &8/9-4!6-.+';-0/4!/!%26+/2/&1'0!%&%5%'1%9'4!A8/!.0%&;'&!'6-:-!'!48! 0';%5'5%>&H!';'61'5%>&!/!%&5+84%>&!/&!+'!4-5%/;';!;/!+'!%4+'H!50/'2-4! "#$%&'!MM! !


!

5-28&%;';/4!'5-$/;-0'4!:!4841/&1'.+/4!:!='5/2-4!8&'!%4+'!2/7-0!6'0'! 1-;-4!+-4!0/4%;/&1/4?!*+!,-.%/0&-!2-410'0#!/+!5'2%&-H!6/0-!;/./!5-&1'0! 5-&!/+!'6-:-!;/!1-;-4!+-4!='.%1'&1/4!;/!+'!%4+'!6'0'!='5/0!A8/!/41'! /410'1/$%'!4/'!8&!9/0;';/0-!3C%1-!A8/!':8;/!'!$'0'&1%O'0!+'!60-46/0%;';! <8180'!;/!+'!60-9%&5%'!:!;/!"*B?!!

! Z3F3! +>!#A@:8>:8;9!<6!"&-!?>=>!0I6G@A!"@EB><@=6A!<6! .>9><R! I'!"*BNZY!/4!+'!e0$'&%O'5%>&!"0-9//;-0'! ;/!U/09%5%-4!JU"eK!&-!$8./0&'2/&1'+!2#4! $0'&;/!;/!+'!60-9%&5%'!:!482%&%410'! 4/09%5%-4!'!1-;-4!+-4!&8/9-4!6-.+';-0/4?! Q/5%./!<-&;-4!;/+!,-.%/0&-!;/!Y'&';#!'! 10'934!;/!YBY!6'0'!-<0/5/0!285=-4! 60-$0'2'4!9'+%-4-4!:!/4/&5%'+/4H!%&5+84-! QN"H!/+!"0-$0'2'!;/!Q';%5'5%>&!:! N;'61'5%>&!;/!B&2%$0'&1/4!JBUN"K!:!/+! "0-$0'2'!fF-41g?!U/!;/41%&'&!;%41%&1-4! 60-$0'2'4!;/!<%&'&5%'5%>&!;/!YBY!'! ;%9/04'4!5+'4/4!6'0'!%&2%$0'&1/4?!I'! "0-9%&5%'!;/!"*B!'6-01'!<-&;-4!'!"*BNZY! 6'0'!2/7-0'0!+'!5'6'5%;';!;/!NZY!6'0'! '1/&;/0!2/7-0!'!484!5+%/&1/4?!!

M,#-$.4$"2"#\E.,&%"3#E.+6]#%*#LMR^UW0#H9*#9)*# )9*7.+#-./,"%.$*+#'.)#O"2&,&"+#")O&6$&.)"+# %9$")6*#,"#6*2-.$"%"#)"7&%*Q"0#+*#:"#9+"%.# '.2.#9)#2.%*,.#-"$"#.6$"+#_$4")&5"'&.)*+# L$.7**%.$"+#%*#F*$7&'&.+#%*#C"%&'"'&()=#

I'!.'4/!;/!5+%/&1/4!;/!+'!'4-5%'5%>&! 5-&4%41/!/&!48!2':-0R'!;/!&8/9-4!6-.+';-0/4!;/!"*B?!"*BNZYH!5-&!8&'! 6+'&1%++'!;/!9/%&1%43%4!JEMK!6/04-&'4H!-<0/5/!8&!$0'&!5-26+/2/&1-!;/!+-4! 60-$0'2'4H!A8/!%&5+8:/G!! •

)6=G8:8@A!897@=Q>K8G@A!J!<6! :@9:869K8D>:8;9!

.@96]8@96A!:@9!B>!:@QI98<><! o

o

*9/&1-4!5-28&%1'0%-4!

U/09%5%-4!;/!%&$0/4-!:!

"#$%&'!M[! !


!

;/!;/0%9'5%>&! o

o

!

e0%/&1'5%>&!%&;%9%;8'+! :!4/09%5%-4! %&<-02'1%9-4!6'0'! $086-4! B&<-02'5%>&!:! -0%/&1'5%>&!.'4';'4! /&!+'!h/.!

o

"0-$0'2'!;/! N61%18;/4!6'0'!+'!i%;'! ;/!Y'&';#!JY'&';%'&! I%</!Uj%++4!"0-$0'2K!

o

"0-$0'2'!;/! Q/+'5%-&/4!5-&! *418;%'&1/4! B&2%$0'&1/4! JB22%$0'&1!U18;/&1! I%'%4-&!"0-$0'2K!

o

B&1/060/1'5%>&!

o

@0';855%>&!

o

"0-$0'2'!fF-41g!

o

"0-$0'2'!;/! *;85'5%>&! \8+1%58+180'+! J\8+1%58+180'+! *;85'1%-&!"0-$0'2K!

o

T%9/04%;';!

o

"0-$0'2'!;/! Q';%5'5%>&!;/! L0'&5><-&-4! JL0'&5-6=-&/! U/11+/2/&1!"0-$0'2K!

o

Y-28&%5'5%>&!/! %&<-02'5%>&! 5-26'01%;'!

o

,086-!;/!\87/0/4! L/+%5/4!Jh-2/&k4! F'66%&/44!,0-86K!

)6=G8:8@A!B>E@=>B6A! o

U/09%5%-!;/!N4%41/&5%'! I'.-0'+!

o

"0-$0'2'!;/! "0-</4%-&'+/4!;/!+'! U'+8;!5-&!L-02'5%>&! B&1/0&'5%-&'+! JB&1/0&'1%-&'++:! *;85'1/;!F/'+1=! "0-</44%-&'+!"0-$0'2K! J<%&'&5%';-!6-0!/+! \%&%41/0%-!;/!U'+8;!;/! Y'&';#K!

T/&10-!;/!5';'!8&-!;/!/41-4!60-$0'2'4H!"*BNZY!='!;/4'00-++';-! ;-582/&1-4!/!%&%5%'1%9'4!6'0'!':8;'0!'!+-4!&8/9-4!6-.+';-0/4!5-&! '46/51-4!6'01%58+'0/4!;/!+'!0';%5'5%>&?!"-0!/7/26+-H!/+!\'&8'+!;/+! Y-&;851-0!;/!"*B!4/!='!10';85%;-!'+!2'&;'0R&!:!'+!#0'./?! "#$%&'!MW! !


!

N518'+2/&1/H!/+!/41'.+/5%2%/&1-!;/!"*BNZY!/&<0/&1'!285=-4!;/4'<R-4?!*+! ,-.%/0&-!;/!"0%&5/!*;_'0;!B4+'&;!10'.'7'0#!5-&!"*BNZY!6'0'!/&5-&10'0! -6-018&%;';/4!6'0'!A8/!8&!5/&10-!&8/9-!68/;'!5826+%0!5-&!484! &/5/4%;';/4!'518'+/4?! *+!,-.%/0&-!;/!"*B!0/5-&-5/!/+!%26-01'&1/!0-+!A8/!"*BNZY!1%/&/!/&!+'! /C6/0%/&5%'!;/!0';%5'5%>&!;/!+-4!&8/9-4!6-.+';-0/4?!I'!U/50/1'0R'!;/! "-.+'5%>&!:!-10-4!;/6'01'2/&1-4!$8./0&'2/&1'+/4!='&!/41';-! 10'.'7'&;-!/&!5-+'.-0'5%>&!5-&!+'!e0$'&%O'5%>&!6'0'!'.-0;'0!+'4! &/5/4%;';/4!;/!0';%5'5%>&!;/!+-4!&8/9-4!6-.+';-0/4?!U/!/46/0'!A8/!+'! *410'1/$%'!;/!Q';%5'5%>&!;/!"*B!4%09'!6'0'!2/7-0'0!+'!0/+'5%>&!;/!10'.'7-! /&!5-+'.-0'5%>&!/&10/!/+!$-.%/0&-!:!"*BNZY!:!./&/<%5%/!'!+-4!&8/9-4! 6-.+';-0/4?

"#$%&'!M`! !


!

! Z3H! &B!,@E86=9@!<6!.>9><R! *+!,-.%/0&-!;/!Y'&';#!486/09%4'!1-;'!+'!%&2%$0'5%>&!A8/!++/$'!'!Y'&';#?! Y-26'01/!+'!0/46-&4'.%+%;';!;/!+'!60-9%4%>&!;/!4/09%5%-4!;/!0';%5'5%>&!'! +-4!&8/9-4!6-.+';-0/4!;/!Y'&';#!5-&!+'!60-9%&5%'?!*+!,-.%/0&-!;/!Y'&';#! ';2%&%410'!+-4!<-&;-4!6'0'!+-4!60-$0'2'4!:!4/09%5%-4!60%&5%6'+2/&1/!'! 10'934!;/!YBYa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c%++!YlSXH!;/!+'!+/:! YQNYmBZ,!TehZ!eZ!YQeem*T!YeZUPI@NZ@U!NY@H!;/!+'!Y#2'0'!;/! Q/60/4/&1'&1/4!;/+!W!;/!78&%-!/4!+'!]+1%2'!<'4/!;/!+'!/410'1/$%'!;/+! $-.%/0&-!</;/0'+?!*+!,-.%/0&-!;/!"0%&5/!*;_'0;!B4+'&;!10'.'7'0#!5-&!/+! ,-.%/0&-!L/;/0'+!6'0'!5-&10-+'0!:!0/$8+'0!'!+-4!5-&48+1-0/4!4-.0/! %&2%$0'5%>&?!

! Z3X! .@QI98<><! 6Q?=6A>=8>B! I'!5-28&%;';!/260/4'0%'+! 68/;/!4'5'0!285=-!!

"#$%&'![)! !


!

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

"#$%&'![D! !


!

Z3L! (K=>A!?=@G89:8>A! I'!"0-9%&5%'!;/!"*B!='!/41';-! 10'.'7'&;-!5-&!484! 60-9%&5%'4!=/02'&'4!/&! 9'0%-4!1/2'4!A8/!'</51'&!'! +'!0';%5'5%>&?!N!10'934!;/+! \'05-!"'&l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l5'&';%/&4/!;%0%$%;'!/&!"0%&5/!*;_'0;! B4+'&;!6-0!Uj%++4!"*BH!8&'!5-06-0'5%>&!;/+!T/6'01'2/&1-!;/!B&&-9'5%>&!:! N60/&;%O'7/!N9'&O';-?!I'!%&%5%'1%9'!Ln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nQ?!*+! 10'.'7-!;/+!$086-!6'&l5'&';%/&4/!<%&'+%O'0#!/+!SD!;/!2'0O-!;/!E)DE!:! /C%41/!+'!6-4%.%+%;';!;/!A8/!4/!/C1%/&;'!2#4!'++#!;/!/4/!6/0R-;-?!! "#$%&'![E! !


!

!

^34! \0#!&)%$#%&,-#!&_-.#M! ^35! #9RB8A8A!J!6G>BI>:8;9! I'!U/50/1'0R'!;/!"-.+'5%>&!;/+!T/6'01'2/&1-!;/!B&&-9'5%>&!:! N60/&;%O'7/!N9'&O';-!/4!/+!-0$'&%42-!60%&5%6'+!6'0'!+'!%26+/2/&1'5%>&! ;/!/41'!/410'1/$%'H!:!4/0#!28:!;%+%$/&1/!/&!/+!60-$0/4-!;/+!'&#+%4%4!6'0'! %26+/2/&1'0!+'4!%&%5%'1%9'4!;/!+'!/410'1/$%'?!I'!60-9%&5%'!4/$8%0#! 5-&4108:/&;-!8&'!0/+'5%>&!4>+%;'!5-&!&8/410-4!4-5%-4!</;/0'+/4!:!;/!+'! U"e!6'0'!+'!0';%5'5%>&?!U/!';78&1'!8&'!1'.+'!5-&!8&!0/482/&!;/!1-;'4!+'4! %&%5%'1%9'4!48$/0%;'4!;/!+'!/410'1/$%'H!'4R!5-2-!+-4!0/48+1';-4!/46/0';-4?!!

^3F! $6:@Q69<>:8;9!?>=>!I9>!=><8:>:8;9!6]8K@A>! I-4!-.7/1%9-4!60%&5%6'+/4!;/!%26+/2/&1'0!/41'!*410'1/$%'!;/!Q';%5'5%>&! 4-&G!! •

+'!0/1/&5%>&!;/!1'&1-4!&8/9-4!6-.+';-0/4!A8/!++/$'&!5-2-!4/'! 6-4%.+/H!:!

+'!%&1/$0'5%>&!4-5%'+!:!/5-&>2%5'!;/!;%5=-4!&8/9-4!6-.+';-0/4?!

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


!

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oK!;/!+-4!;'1-4!;/+!Y/&4-!;/+!B&41%181-!;/! *41';R41%5'4!;/!Y'&';#!6'0'!/+!6/0R-;-!;/!E))D!'!E))M?!! U%!.%/&!+-4!R&;%5/4!;/!0/1/&5%>&!4-&!8&!%&;%5';-0!;/+!3C%1-H!=':!285=-4! -10-4!2'05';-0/4!A8/!68/;/&!='5/0&-4!4'./0!4%!1/&/2-4!3C%1-!6'0'! <'5%+%1'0!+'!%&1/$0'5%>&!4-5%'+!:!/5-&>2%5'!;/!&8/410-4!&8/9-4!6-.+';-0/4?! *+!/&<-A8/!;/!/41'!/410'1/$%'!/4!'.-0;'0!+'4!&/5/4%;';/4!;/!+-4!&8/9-4! 6-.+';-0/4!1/&%/&;-!/&!58/&1'!10/4!<'51-0/4!60%&5%6'+/4!A8/!0/48+1'&! 28:!%&<+8:/&1/4G!DK!'61%18;/4!%;%-2#1%5'4H!EK!-6-018&%;';/4!5-2/05%'+/4!:! +'.-0'+/4!:!SK!5'+%;';!;/!9%;'?!I'!<-02'!/&!A8/!4/!.0%&;/&!:!81%+%5/&!+-4! 4/09%5%-4!/&!/41'4!#0/'4!2-410'0#!8&'!%2'$/&!$/&/0'+!;/!+'!2'&/0'!/&! A8/!4/!/413!%26+/2/&1'&;-!+'!/410'1/$%'?!! I-4!<'51-0/4!A8/!%&<+8:/&!+'!;/5%4%>&!;/!8&!&8/9-!6-.+';-0!6'0'!9/&%0!:! A8/;'04/!/&!"*BH!4/$]&!4/!%;/&1%<%5'!/&!+'!4/55%>&!S?(H!4-&!;%9/04-4G!;/4;/! 5-&4/$8%0!10'.'7-!/&!48!5'26-!/+/$%;-!='41'!A83!1'&!4/$80-4!/!%&5+8%;-4! 4/!4%/&1/&?!\/;%0!/+!3C%1-!;/!+'4!%&%5%'1%9'4!;/!+'!/410'1/$%'!%26+%5'0#! 0/5-$/0!:!'&'+%O'0!1'&1-!;'1-4!58'&1%1'1%9-4!5-2-!58'+%1'1%9-4H!4/$]&!4/! ;/450%./!'!5-&1%&8'5%>&?!*&!]+1%2'!%&41'&5%'H!/+!3C%1-!$/&/0'+!;/!/41'! /410'1/$%'!/4!/A8%9'+/&1/!'+!3C%1-!%&;%9%;8'+!;/!+-4!&8/9-4!6-.+';-0/4! 6'0'!'+5'&O'0!484!-.7/1%9-4!6/04-&'+/4?!

"#$%&'![(! !


!

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

-9<8:><@=! Q/5%.%0! 5'6'5%1'5%>&!/&! %;%-2'!%&$+34!-! <0'&534!

$6:@Q69<>:8;9! *+!4/1/&1'!:!5%&5-!6-0!5%/&1-!J[XoK!;/!+-4!&8/9-4!6-.+';-0/4H!A8/!1%/&/&!8&!;/6>4%1-! %;%-2#1%5-!5-&!+'!60-9%&5%'!:!A8/!4/!%&450%./&!/&!5+'4/4!;/!%;%-2'H!'+5'&O'&!8&!68&1'7/! 2R&%2-!5-2.%&';-!;/!DS!68&1-4!/&!+'4!58'10-!#0/'4!;/!'61%18;/4!;/!+'4!Q/</0/&5%'4! B;%-2#1%5'4!;/!Y'&';#!/&!8&!'V-?! !

Q/5%.%0!/;85'5%>&! JmlDEK! B&$0/4'0!/&!/+! 2/05';-!+'.-0'+!

Y-&10-+'0!/+!R&;%5/!;/!0/1/&5%>&!;/!+-4!&8/9-4!6-.+';-0/4!/&!/;';!/45-+'0!JmlDEK! !

P&!R&;%5/!;/!6'01%5%6'5%>&!2R&%2-!/&!/+!2/05';-!+'.-0'+!;/!4/4/&1'!:!-5=-!6-0!5%/&1-! JMWoK!/&10/!+-4!&8/9-4!6-.+';-0/4!;/!"*B! !

*41'.+/5/0!8&'! /260/4'!

Y0/'0!5'2%&-4!5+'0-4!:!;/<%&%;-4!6'0'!+-4!&8/9-4!6-.+';-0/4!%&1/0/4';-4!/&!5-2/&O'0! &/$-5%-4!&8/9-4!/&!"*B! !

*&5-&10'0!/26+/-! ;/46834!;/!+'! $0';8'5%>&!;/!8&'! %&41%185%>&!;/! /;85'5%>&! 486/0%-0!

N82/&1'0!+'!5'&1%;';!;/!/418;%'&1/4!/C10'&7/0-4!A8/!5-&4%$8/&!10'.'7-!/&!"*B!;/46834! ;/!+'!$0';8'5%>&!:!5-&9/01%04/!/&!0/4%;/&1/4!6/02'&/&1/4?!U/!/41'.+/5/0#!8&!&]2/0-! 2/1'!/46/5R<%5-!;/46834!;/+!'&#+%4%4!;/!+-4!R&;%5/4!'518'+/4!J8&'!%&%5%'1%9'!5-&<-02/!'! /41'!/410'1/$%'K! !

^3F3F! $6:@Q69<>:8@96A! U%!.%/&!/4!2#4!;%<R5%+!;/!-.1/&/0H!4/!68/;/!0/5-$/0!%&<-02'5%>&!58'+%1'1%9'! 9'+%-4'!'!10'934!;/!8&!;%#+-$-!'.%/01-!:!5-&41'&1/!5-&!+'!5-28&%;';!;/! "#$%&'![X! !


!

&8/9-4!6-.+';-0/4!:!+'4!U"e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fI-4!0/48+1';-4!;/!0';%5'5%>&! 4-41/&%.+/!/!%&5+84%9'!&/5/4%1'&!;/7'0!;/!5-&5/&10'04/!/C5+84%9'2/&1/!/&! +'!/1'6'!%&%5%'+!;/+!5%5+-!;/!+-4!4/09%5%-4!;/!.%/&9/&%;'H!:!-0%/&1'04/!='5%'! /+!/46/510-!1-1'+!;/!+'4!5-&/C%-&/4!5-28&%1'0%'4!:!'55/;/0!'!+'4! %&41%185%-&/4!4-5%'+/4H!6-+R1%5'4!:!/5-&>2%5'4g?(! +>A!?6=A@9>A`!B@A!9I6G@A!?@EB><@=6A!J!B@A!a>E8K>9K6A!<6!B>!8AB>!A@9!6B! 9U:B6@!<6!6AK>!6AK=>K6C8>3!&B!89<8:><@=!?=8Q@=<8>B!<6B!Y]8K@!A6=R!B@C=>=! =6AIBK><@A!VI6!a>C>9!I9>!<876=69:8>!?@A8K8G>!69!B>A!G8<>A!<6!K@<@A!B@A! a>E8K>9K6A!<6!B>!8AB>3!

!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (

!"Qe\"@H!U2'01!U/11+/2/&1G!Y800/&1!T%46/04%-&!"-+%5%/4!'&;!'!Y-228&%1:!*&$'$/2/&1! \-;/+!<-0!U841'%&'.+/!B22%$0'&1!U/11+/2/&1!%&!e&1'0%-k4!U2'++/0!Y-228&%1%/4!

"#$%&'![M! !


!

5434!.(0.+\)-/0! T80'&1/!+-4!]+1%2-4!10/4!'V-4H!"0%&5/!*;_'0;!B4+'&;!='!1/&%;-! &8/9-4!&%9/+/4!;/!50/5%2%/&1-!;/!+'!%&2%$0'5%>&?!*&!$0'&! 2/;%;'H!+-4!4/09%5%-4!;/!0';%5'5%>&!6'0'!':8;'0!'!+-4!&8/9-4! 6-.+';-0/4!='&!/9-+85%-&';-!;/!2'&/0'!2#4!0/'51%9'!A8/! 60-'51%9'?!i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


!

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

V)"#W.29)&%"%#%*#V)"#R+,"#"'.4*%.$"#'93.+#+*$7&'&.+#3#"-.3.# -"$"#,.+#)9*7.+#-./,"%.$*+#'.)6$&/93*)#"#6*)*$#9)"#-$.7&)'&"# -$(+-*$"#3#'.)#%&7*$+&%"%#'9,69$",=! "#$%&'![W! !


!

! #0&b(*!$&)\c&0!'&!-0-.-#%-d#)!)\,&$-'#)!e! $&)\+%#'()!&)"&$#'()!

!

!


!

!

"#$%&'()*!$%+!,*-#%&.*!$%!/01!1.#2#'3#4'5!

!

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

6%57+3'$*5!%58%&'$*5! •

! •

" >:" 7-,-(.'=-,";:)"#$%"'(.)(.$%"*)"-.,-//'0("D",).)(/'0("*)"#$%"(:)8$%"6$5#-*$,)%"/:5,-("#-%" 5,)/?-%"#-5$,-#)%"*)"#-"6$5#-/'0("-/.'8-"*)"#-"'%#-@"!

"#$%&!'()('*+(+!)(&(! #1(23(&!#2!45*-%!+#!2(.! *0*'*(-*1(.!+#!&(+*'('*60! !

" =:" E%.-5#)/),":(-"F$+'%'0("C(.),*)6-,.-+)(.-#"*)"C(+'>,-/'0("D"A-*'/-/'0("*)#"7$5'),($" 4,$8'(/'-#"/:D$"+-(*-.$"%)-",):(',%)"/$(",)>:#-,'*-*"6-,-".,-.-,".)+-%";:)"-&)/.)("#-" ,).)(/'0(1"6-,-"/$+6-,.',"6#-()%"*)".,-5-<$")"'(&$,+-/'0(";:)">-,-(.'/)(":(")(&$;:)" '(.)>,-#"*)".$*$")#">$5'),($"?-/'-"#-"6,$8'%'0("*)"%),8'/'$%@"

"#$%&!'()('*+(+!)(&(! &#'%,#&!+(-%.!)&#'*.%.!/! )#&-*0#0-#.!

"#$%&!'%%&+*0('*60!+#!2(! )&%1*.*60!+#!7#&1*'*%.!+#! 8(+*'('*60!+#0-&%!+#2! ,%9*#&0%! ! !

" ! ! ! ! ! !"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


!

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

!

"

6%57+3'$*5!%58%&'$*5! •

"#$%&!(2*0#('*60!#0-&#!2(.! 9&#':(.!+#2!;#&'(+%! 2(9%&(2<!2%.!*0-#0-%.!+#! '%0-&(-(&!*0;*,&(0-#.!/!2%.! .#&1*'*%.!+#!&(+*'('*60! !

@:" F,)-,":("+)/-('%+$"*)(.,$"*)"#-"2)/,).-,3-"*)"4$5#-/'0("6-,-">-,-(.'=-,";:)"#-%" $,>-('=-/'$()%">:5),(-+)(.-#)%"D"($">:5),(-+)(.-#)%";:)".,-5-<-(")("&$,+-"/$#)/.'8-" 6-,-"-#/-(=-,")#"$5<).'8$"+:.:$"*)":(-"+-D$,",-*'/-/'0("D",).)(/'0("*)"(:)8$%" 6$5#-*$,)%".)(>-("#-"$6$,.:('*-*"*)"/$+:('/-,%)"D"/$+6-,.',"'(&$,+-/'0(@" "

"#$%&!'%;30*'('*60!#! *0=%&;('*60!'%;)(&-*+(! #0-&#!-%+(.!2(.!)(&-#.! *01%23'&(+(.!#0!2(! )2(0*=*'('*60!/!2(!)&%1*.*60! +#!7#&1*'*%.!+#!8(+*'('*60! !

"#$%&!'()('*+(+!)(&(! (3;#0-(&!2(! '%0'*#0-*>('*60!/!2(! ()&#'*('*60!+#!2(.!'32-3&(.! /!2(.!-&(+*'*%0#.!+#!2%.! 03#1%.!)%92(+%&#.!

! ! ! ! ! !"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


! !

983#37$%5!#$#*:;3#2'5!1.#2#'3#4'5!

6%57+3'$*5!%58%&'$*5!

1/8/&)3/&)A*")0)'(B3)&/"8/6/"/02%3'."

!

;:"

B)%-,,$##-,":("+-,/$"*)"/-6-/'.-/'0("'*'$+9.'/-";:)"-D:*-,9"-">-,-(.'=-,";:)"#$%" (:)8$%"6$5#-*$,)%",)/'5-(":(-"/-6-/'.-/'0("'*'$+9.'/-"-*)/:-*-"6-,-"%:%.)(.-,"%:" '(/#:%'0(")(")#"#:>-,"*)".,-5-<$"D"#-"/$+:('*-*@"

" <:"

!

I,-5-<-,"/$("6,$8))*$,)%"*)"%),8'/'$%"6-,-"'(.,$*:/',"$6$,.:('*-*)%"*)"/-6-/'.-/'0(" '*'$+9.'/-")("'(>#J%"*)"#-"A)&),)(/'-"C*'$+9.'/-"*)"F-(-*91";:)"$&,)=/-("$6/'$()%"*)" /:,%$%"-/)#),-*$%1"8)%6),.'($%1"*:,-(.)")#"&'("*)"%)+-(-"$"*)"8),-($@"

!

" =:"

?(!7#'&#-(&@(!+#!A%92('*60! +#.(&&%22(!#!*;)2#;#0-(!#2! ;(&'%!$30-%!'%0!2%.! )&%1##+%&#.!+#!.#&1*'*%.!

F$(8$/-,"6,$6:)%.-%"6-,-"6,$8))*$,)%"*)"%),8'/'$%"?-5'#'.-*$%"6-,-"$&,)/),"%)%'$()%" *)"/$(8),%-/'0(@"K-%"%)%'$()%"%)"6:)*)("$&,)/),")("'(>#J%"6-,-"-D:*-,"-"#$%"(:)8$%" 6$5#-*$,)%"/$("%:%"-6.'.:*)%"'*'$+9.'/-%@"K-%"%)%'$()%".-+5'J("%)"6:)*)("$&,)/),")(" $.,$%"'*'$+-%"6-,-"#$%"?-5'.-(.)%"*)"#-"'%#-";:)"*)%))("-6,)(*),"$.,$"'*'$+-@!

?%.!03#1%.!)%92(+%&#.! )3#+#0!(''#+#&!(!2(! '()('*-('*60!*+*%;B-*'(!(2! ;*.;%!-*#;)%!C3#! *0-#0-(0!*0-#,&(&.#!(!2(! )%92('*60!('-*1(! !

"" " "

D(/!+*.)%0*92#.!'2(.#.!+#! '%01#&.('*60!#0!30! .#,30+%!*+*%;(!)(&(!2%.! 03#1%.!)%92(+%&#.!/!2%.! :(9*-(0-#.!+#!2(!*.2(!

" " " 1/8/&)3/&)A*")0)'(B3)&/"8/6/"$.320)/*3$."0$"CD;<"

!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


!

983#37$%5!#$#*:;3#2'5!1.#2#'3#4'5! "

>"

6%57+3'$*5!%58%&'$*5!

I,-5-<-,"%$5,)")#"JL'.$"-/.:-#"%'>:')(*$".,-5-<-(*$"*)"/),/-"/$(")#"B)6-,.-+)(.$"*)" E*:/-/'0("D"B)%-,,$##$"*)"#-"M'N)="6-,-"/$(.,$#-,"#-"*)+-(*-"D"-5$,*-,"#-%" ()/)%'*-*)%"*)"#$%"(:)8$%"6$5#-*$,)%";:)"%$("('N$%@"

" ?:" 2)>:',"%-.'%&-/')(*$"#-%"()/)%'*-*)%"*)"#$%")*:/-*$,)%";:)".,-5-<-("/$(")%.:*'-(.)%" )L.,-(<),$%1">-,-(.'=-(*$";:)".)(>-("-//)%$"-"#-%"?),,-+')(.-%";:)"()/)%'.-(@"

?(.!#.'3#2(.!'3#0-(0!'%0! &#'3&.%.!)(&(!.(-*.=('#&!+#! ;(0#&(!#'%06;*'(!2(.! 0#'#.*+(+#.!#.)#'*(2#.!+#! 2%.!03#1%.!)%92(+%&#.!C3#! .%0!0*E%.! !

"

?%.!#+3'(+%&#.!+#!2%.! #.-3+*(0-#.!#5-&(0$#&%.! -*#0#0!(''#.%!(!30(! '()('*-('*60!&#2#1(0-#!/!(! &#'3&.%.!#0!#2!(32(!

!

<8*&37.#$'$%5!2*:%&2#'+%5!=!+'-*&'+%5!1.#2#'3#4'5!

6%57+3'$*5!%58%&'$*5!

EF.G2$0/"0$"36/9/H'"4"$(8%$'"

!

!!

;:"

H)<$,-,"#-"/$()L'0(")(.,)"#$%"6,$>,-+-%"*)"-6$D$"*)")+6#)$"*)#">$5'),($"6,$8'(/'-#1" /$+$"6$,")<)+6#$1")#"4,$>,-+-"D"#-"F-6-/'.-/'0("*)"#-"EL6),')(/'-"K-5$,-#"*)" C(+'>,-(.)%"*)"2O'##%"4EC"D")#"2),8'/'$"*)"!%'%.)(/'-"K-5$,-#"PE!2Q"*)"4EC!MF1"-"#$%"&'()%" *)"6,$+$8),"D"-:+)(.-,"#-")L6),')(/'-"D"#-%"$6$,.:('*-*)%"#-5$,-#)%"*)":("R6:)(.)" ?-/'-")#".,-5-<$R"6-,-"#$%"(:)8$%"6$5#-*$,)%@"!

"

"(/%&!)(&-*'*)('*60!+#!2%.! 03#1%.!)%92(+%&#.!#0!#2! ;#&'(+%!2(9%&(2!+#!AFG! ! ?%.!03#1%.!)%92(+%&#.!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


!

6%57+3'$*5!%58%&'$*5! '%;)&#0+#0!;#$%&!2(.! '%0+*'*%0#.!+#2!;#&'(+%! 2(9%&(2!+#!AFG!

!

<8*&37.#$'$%5!2*:%&2#'+%5!=!+'-*&'+%5!1.#2#'3#4'5! <"

I,-5-<-,"/$("6,$8))*$,)%"*)"%),8'/'$%"6-,-"$&,)/),"+9%"'(&$,+-/'0("%$5,)")#")+6#)$1" #$%"()>$/'$%"D"#$%")8)(.$%"-/.:-#)%"-"#$%"(:)8$%"6$5#-*$,)%")("%:"6,$6'$"'*'$+-1"-" .,-8J%"*)":("6$,.-#"S)5"/)(.,-#@"

!

" ="

I,-5-<-,"%$5,)"#-")L6),')(/'-"*)#"6,$>,-+-"*)"/-6-/'.-/'0("*)"#-"*'8),%'*-*"*)"#-" F$+'%'0("*)"2),8'/'$%"4T5#'/$%"*)"4EC"*)(.,$"*)#">$5'),($"6-,-".,-5-<-,")("()>$/'$%" *)"#-"'%#-"-"#$%"&'()%"*)"*)%-,,$##-,":("(:)8$"6,$>,-+-"$"'('/'-.'8-";:)"-D:*)"'(.)>,-," -"#$%"(:)8$%"6$5#-*$,)%"-"#-"6$5#-/'0("-/.'8-"D"-".,-(%+'.',"#$%"5)()&'/'$%"*)"?-/),#$@"

"

7#!'%;)&#0+#0!;#$%&!2(.! )&B'-*'(.!+#2!23,(&!+#! -&(9($%!C3#!(2*#0-(0!/! .3.-#0-(0!2(!+*1#&.*+(+! '32-3&(2! !

"#0%.!9&#':(.!#0!#2! ;#&'(+%!2(9%&(2! !

"(/%&!)(&-*'*)('*60!+#!2%.! 03#1%.!)%92(+%&#.!#0!#2! ;#&'(+%!2(9%&(2!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


! ! "

>:" B)%-,,$##-,")"'+6#)+)(.-,":("6,$>,-+-"6-,-"5,'(*-,"-6$D$"6-,-"$&,)/),"6:)%.$%"*)" .,-5-<$")(")#"%)/.$,"6T5#'/$"-"#$%"(:)8$%"6$5#-*$,)%"/$(")L6),')(/'-"#-5$,-#@"

!

" ?:" C(8)%.'>-," #$%" /-+'($%" 6-,-" *)%-,,$##-," +)<$,)%" 83(/:#$%" )(.,)" #-%" ()/)%'*-*)%" *)#" )+6#)-*$," D" #-" /$(.,-.-/'0(" *)" .,-5-<-*$,)%" )L.,-(<),$%" .)+6$,-#)%" ;:)" .)(>-(" #-%" ?-5'#'*-*)%"6-,-"/:5,',"#-%"5,)/?-%"*)#"+),/-*$"#-5$,-#@!

!

<8*&37.#$'$%5!2*:%&2#'+%5!=!+'-*&'+%5!1.#2#'3#4'5!

6%57+3'$*5!%58%&'$*5!

EF.G2$0/"0$"36/9/H'"4"$(8%$'"

!

E#" 7$5'),($" *)" 4EC" .,-5-<-,9" /$(" #-%" F9+-,-%" *)" F$+),/'$" 6-,-" $&,)/)," 6,$>,-+-%" )+6,)%-,'-#)%")%6)/3&'/$%"6-,-"#$%"(:)8$%"6$5#-*$,)%@!

I:"

U("6,$D)/.$"6'#$.$"6-,-"-D:*-,"-"#$%"(:)8$%"6$5#-*$,)%"-"$5.)(),"/-6-/'.-/'0(" #-5$,-#"/-(-*')(%)"D")L6),')(/'-")("4EC"

!

@:"

! •

" J(86$*0)()$*3'"$")*7$6.)A*"$(86$./6)/%"

H/3+(&!(!2%.!03#1%.! )%92(+%&#.!(!%9-#0#&! #;)2#%!&#2('*%0(+%!'%0!.3! #5)#&*#0'*(!!

!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


!

<8*&37.#$'$%5!2*:%&2#'+%5!=!+'-*&'+%5!1.#2#'3#4'5! "

K:"

6%57+3'$*5!%58%&'$*5!

B)%-,,$##-,")"'+6-,.',".-##),)%"D"%)+'(-,'$%"*)"()>$/'$%")("-%$/'-/'0("/$("6,$8))*$,)%" *)"%),8'/'$%";:)"#)%"6),+'.-("-"#$%"(:)8$%"6$5#-*$,)%"/$+6,)(*),"+9%"%$5,)"#$%" )(.$,($%")+6,)%-,'-#)%"*)"F-(-*9"D"*)"4EC@"E%.$%".-##),)%".-+5'J("*)5)(")%.,:/.:,-,%)" *)"+$*$".-#";:)"#$%"?-5'.-(.)%"*)"#-"'%#-"6:)*-("-6,)(*),"-"6-,.',"*)#"/$($/'+')(.$"D" #-")L6),')(/'-"*)"#$%"(:)8$%"6$5#-*$,)%@! "

"(/%&#.!%)%&-30*+(+#.! )(&(!2%.!03#1%.! )%92(+%&#.!/!2%.! :(9*-(0-#.!+#!2(!*.2(!)(&(! ;#$%&(&!.3.!()-*-3+#.! '%;#&'*(2#.!/!:('#&!'&#'#&! .3.!#;)&#0+*;*#0-%.!

"

!

" L:"

H)<$,-,"#-"6,$+$/'0("D")#"-#/-(/)"*)#"/$(<:(.$"*)"%),8'/'$%"*)"*)%-,,$##$"/$+),/'-#" ! )L'%.)(.)")("VC(($8-.'$("4ECW"6-,-"#$%"(:)8$%"6$5#-*$,)%"-".,-8J%"*)"#-"/$(.,-.-/'0("*)" ! +9%"&:(/'$(-,'$%"6-,-")#"6,$>,-+-@"! "

! •

H/3+(&!(!2%.!03#1%.! )%92(+%&#.!C3#!#.-40!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


!

<8*&37.#$'$%5!2*:%&2#'+%5!=!+'-*&'+%5!1.#2#'3#4'5! "

6%57+3'$*5!%58%&'$*5! 2*.-%.!)(&(!'%;#0>(&!.3! )&%)*%!#;)&#0+*;*#0-%!#0! AFG!

;M:" I,-5-<-,"/$("#-%"F9+-,-%"*)"F$+),/'$"*)"#-"C%#-"6-,-")%.-5#)/),":("4,$>,-+-"*)" I:.$,3-"E+6,)%-,'-#"6-,-"#$%"(:)8$%"6$5#-*$,)%@" " " " " " "

!

"

<8*&37.#$'$%5!2*:%&2#'+%5!=!+'-*&'+%5!1.#2#'3#4'5!

6%57+3'$*5!%58%&'$*5!

J(86$*0)()$*3'"$")*7$6.)A*"$(86$./6)/%" E#"7$5'),($"*)"4EC"/$&'(-(/'-,9")#"6,$>,-+-"4EC"F$(()/.$,X"F$()L'0("*)"#$%"M:)8$%" ;;:" 4$5#-*$,)%1"M)>$/'$%"D"Y6$,.:('*-*)%@"! "

! •

A#&;*-*&!(!2%.!03#1%.! )%92(+%&#.!'%0#'-(&.#!'%0! )#&.%0(.!'2(1#!+#!2(! '%;30*+(+!#;)&#.(&*(2!+#! 2(!*.2(!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


!

6%57+3'$*5!%58%&'$*5!

!

<8*&37.#$'$%5!2*:%&2#'+%5!=!+'-*&'+%5!1.#2#'3#4'5! ;<:"

E#"7$5'),($"*)"4,'(/)"E*Z-,*"C%#-(*1"#-"F9+-,-"*)"F$+),/'$"*)#"[,)-"*)"7,)-.)," F?-,#$..).$Z("D"%:%"%$/'$%".,-5-<-,9("<:(.$%"6-,-"$&,)/),":(-"%),')"*)"G$,$%"%$5,)"#-" C(+'>,-/'0(".,'+)%.,-#)%"/$(")#"$5<).'8$"*)")*:/-,"-"#$%")+6,)%-,'$%"*)"#-"'%#-"-/),/-" *)"#-"'+6$,.-(/'-"*)"#-"'(+'>,-/'0(@!

F+3'(&!(!2(!'%;30*+(+! #;)&#.(&*(2!+#!2(!*.2(! ('#&'(!+#!2(!*;)%&-(0'*(! +#!2(!*0;*,&('*60!/!+#!2%.! (.30-%.!&#2('*%0(+%.I!

!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


! !

0$72'2#>.!578%&#*&!1.#2#'3#4'5!

6%57+3'$*5!%58%&'$*5!

J.320)/*3$."3$6&)/6)'."'"2*)7$6.)3/6)'."

!

;:"

E8-#:-,")#"('8)#"*)".,-(%'/'0("*)"#$%")%.:*'-(.)%".),/'-,'$%"$":('8),%'.-,'$%" '(.),(-/'$(-#)%"?-/'-")#"+),/-*$"#-5$,-#"*)"4EC@"

7#!'%;)&#0+#&B0!;#$%&! 2%.!=('-%&#.!+#!&#-#0'*60! +#!2%.!#.-3+*(0-#.! -#&'*(&*%.!/!30*1#&.*-(&*%.! #5-&(0$#&%.!

"(/%&!)(&-*'*)('*60!+#!2%.! #.-3+*(0-#.!-#&'*(&*%.!/! 30*1#&.*-(&*%.!#5-&(0$#&%.! #0!2(!)%92('*60!('-*1(!+#! AFG!

"(/%&!'()('*+(+!+#!2(! )%92('*60!('-*1(!

"

<:"

I,-5-<-,"/$("'(%.'.:/'$()%")*:/-.'8-%"6-,-"$&,)/),"-"#$%")%.:*'-(.)%")L.,-(<),$%"+9%" $6$,.:('*-*)%"6-,-"/$($/),")"'(8$#:/,-,%)"/$("#-%"$6$,.:('*-*)%"#-5$,-#)%"*)"4EC@" " "

I,-5-<-,")("/$#-5$,-/'0("/$("#-%"'(%.'.:/'$()%"*)")*:/-/'0("%:6),'$,"*)"4EC"6-,-" )#-5$,-,":(-"E%.,-.)>'-"*)"E%.:*'-(.)%";:)"'*)(.'&';:)"#$%"+),/-*$%")%.,-.J>'/$%1"%)" 8'(/:#)"/$("#-%"*)+-(*-%"*)#"+),/-*$"#-5$,-#"*)"4EC"D"-D:*)"-"*)%-,,$##-,"#$%"%)/.$,)%" 6,'$,'.-,'$%"*)"4EC@!

!

JI!

!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


! !

?'+#$'$!$%!4#$'!1.#2#'3#4'5!

6%57+3'$*5!%58%&'$*5!

-*N'6(/&)A*".'96$"%/"6/0)&/&)A*"

!

;:"

F$,,)>',1".,-*:/',"D"*'%.,'5:',")#"H-(:-#"*)"Y,')(.-/'0("6-,-"#$%"M:)8$%"4$5#-*$,)%" .-(.$"%:"8),%'0("'+6,)%-"/$+$")("C(.),().@!

<:"

F,)-,":(-"6$#3.'/-"*)".,-*://'0(")"'(.),6,).-/'0(";:)"'(/#:D-1")(.,)"$.,$%")#)+)(.$%X"!

-@ /,'.),'$%"*)"6,)6-,-/'0("6-,-"#$%"'(.J,6,).)%1" 5@ ($,+-%"*)"%),8'/'$"6-,-"%'.:-/'$()%"*)")+),>)(/'-%"+J*'/-%1"#)>-#)%"D" *)"6,$.)//'0("*)"+)($,)%1"D"

!

/@ 6-:.-%"6-,-"#-".,-*://'0("*)"+-.),'-#)%"*)6-,.-+)(.-#)%"D"*)"#-%" $,>-('=-/'$()%@"

! •

D(9&B!+*.)%0*92#.! -&(+3'-%&#.!#!*0-4&)&#-#.! '()('*-(+%.<!(.@!'%;%! +%'3;#0-%.!-&(+3'*+%.! )(&(!(/3+(&!(!2%.!03#1%.! )%92(+%&#.!

K(&(0-*>(&!C3#!2%.!03#1%.! )%92(+%&#.!%9-#0,(0! .#&1*'*%.!#.)#'*(2*>(+%.!.*! 2%.!0#'#.*-(0!

" =:"

C(8)%.'>-,"#-")&'/-/'-"*)"*$%"/-%$%"*)",-*'/-/'0("*)".,-5-<-*$,)%"P2)..#)+)(."F-%)" S$,O),%Q")("4EC!MF")#"-N$"6,0L'+$@"K$%"6:)%.$%"/:5,',9(":(-"5,)/?-"'*)(.'&'/-*-")(" )#"6,$/)%$"*)"/$(%:#.-"+)*'-(.)")#"/:-#")%"6$%'5#)";:)"-#>:($%"(:)8$%"6$5#-*$,)%" ()/)%'.)("+9%"$,')(.-/'0("'(.)(%'8-"/:-(*$"##)>-("6$,"6,'+),-"8)=@" "

?%.!03#1%.!)%92(+%&#.! &#'*9#0!2(!*0=%&;('*60! *0-&%+3'-%&*(!C3#! 0#'#.*-(0!#0!30!=%&;(-%! C3#!.#(!(''#.*92#!/! '%;)&#0.*92#!

" " " !

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


!

"

?'+#$'$!$%!4#$'!1.#2#'3#4'5!

6%57+3'$*5!%58%&'$*5!

!3$*&)A*"(O0)&/"

!

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

?%.!03#1%.!)%92(+%&#.! &#'*9#0!#2!()%/%!C3#! 0#'#.*-(0!)(&(!(''#+#&!(2! .*.-#;(!+#!(-#0'*60! ;4+*'(!+#!AFG!#0!2(!;*.;(! ;#+*+(!C3#!-%+%.!2%.! :(9*-(0-#.!+#!2(!*.2(!

!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


! !

?'+#$'$!$%!4#$'!1.#2#'3#4'5!

6%57+3'$*5!%58%&'$*5!

P$0$."&'(2*)3/6)/."

!

@:"

B)%-,,$##-,":(-"/-+6-N-"*)")*:/-/'0("D"*)"/$(/')(.'=-/'0("6-,-"'(&$,+-,"-"#$%" ?-5'.-(.)%"*)"#-"'%#-"-/),/-"*)"#-"+-(),-"*)",)/'5',"-"#$%"(:)8$%"6$5#-*$,)%")("#-%" /$+:('*-*)%1"*)%.-/-(*$"#$%"5)()&'/'$%"%$/'-#)%"D")/$(0+'/$%"*)"##)8-,")%.$"-"/-5$"D" 6-,-",)-#'=-,":("6),&'#"*)"#$%"/-%$%"*)"JL'.$"*)",-*'/-/'0(")("4EC@"

"

!

" I:"

I,-5-<-,"/$(")#"4#-("*)"!//'0("A:,-#"6-,-"-D:*-,"-"#-%"/$+:('*-*)%",:,-#)%"-":%-,"#$%" ,)/:,%$%")L'%.)(.)%1"/$+$"6$,")<)+6#$1"VI$$#5$L"$&"C*)-%"&$,"2+-##),"F)(.),%W1"6-,-" *)%-,,$##-,")(&$;:)%"D"%$#:/'$()%"#$/-#)%"6-,-"$5.)(),",)%:#.-*$%"*)",-*'/-/'0(" %:%.)(.-5#)%")"'(/#:%'8$%I!

! •

" " K:"

F$#-5$,-,"/$(")#"B)6-,.-+)(.$"*)"I:,'%+$"D"F:#.:,-"D"/$("#$%"%$/'$%"&)*),-#)%"6-,-" *)%-,,$##-,"D"#-(=-,":(-"'('/'-.'8-"6'#$.$"P)("&$,+-"*)"/$(8$/-.$,'-"*)"5-%)%"6-,-"#-" 6,$6:)%.-Q"6-,-"*)%-,,$##-,"(:)8$%")8)(.$%")%6)/'-#)%1"/:#.:,-#)%1"*)6$,.'8$%1" /:#'(-,'$%"$"/$+),/'-#)%";:)"&$,.-#)=/-("(:)%.,-"E%.,-.)>'-"*)"2),8'/'$%"*)"A-*'/-/'0(" D"5)()&'/')"-#"%)/.$,".:,3%.'/$"*)"4EC@"!

?%.!:(9*-(0-#.!+#!2(!*.2(! +#.(&&%22(0!30(!;(/%&! ()&#'*('*60!+#!2%.!03#1%.! )%92(+%&#.!/!-%;(0! ;#+*+(.!'%2#'-*1(.!#! *0+*1*+3(2#.!)(&(!:('#&! C3#!.3.!'%;30*+(+#.!.#(0! ;B.!('%,#+%&(.!)(&(!2%.! 03#1%.!)%92(+%&#.!

?(.!'%;30*+(+#.!&3&(2#.! -*#0#0!45*-%!)(&(!(-&(#&!/! &#-#0#&!(!03#1%.! )%92(+%&#.! !

7#!)&%;3#1#!2(!*0-#&(''*60! *0-#&'32-3&(2<!2(! '%;)&#.*60!/!2(.!(2*(0>(.! !

"

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


!

?'+#$'$!$%!4#$'!1.#2#'3#4'5! "

L:" E#"7$5'),($"*)"4EC".,-5-<-,9"/$("#-"4EC!MF"6-,-"$&,)/),"-"#$%"(:)8$%"6$5#-*$,)%"D" ,)%'*)(.)%"-"#-,>$"6#-=$"'(%.,://'0("/:#.:,-#"D"%$5,)"#-"'(.)>,-/'0(@"E%.$"&-/'#'.-,9"#-" '(.)>,-/'0("D"#-"/$+6,)(%'0("/:#.:,-#@!

6%57+3'$*5!%58%&'$*5! !

!

!"#$%&'()*+",*$"-.%/*0"1'((2*)34"#5'.$".$67)&$"/*0".288'63"3'"*$#&'($6.")."&'*36)923)*+"3'"/"&2%326/%%4"0)7$6.$"/*0"86'.8$6'2."86'7)*&$:"


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.