"# $%&'()* +,(-'+.)* (, /*.0( +,(.1,%)-)* 2,1 /*.34'%,* 2)1.5+'%)1/* +')(-, .)% +,(.1,% */13) -/*/)6%/# 7# $%&'()* +,(-'+.)* */ /(+'/(.1)( 6)8, /% +,(.1,% -/ /*.34'%,* 5()21,25)-,*#
"# $%&'(')*&'+,' •
•
•
•
•
•
•
•
•
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
-# $./01123014$5627/0 8 $./09$:/6;0 •
•
D/ /(.1/() ) %,* +%5/(./* 2)1) )2%5+)1*/ +,(*/+'/(+5)* -/ B,14) +,(.5(&/(./ ) %) +,(-'+.)< /( :/A -/ 1/+5651%)* -/ '( )&/(./ /E./1(,# 9% 5(-5:5-', /* %561/ -/ 1/+,42/(*)1*/ /( +')%?'5/1 4,4/(.,# 9% )'.,11/B,1A)45/(., 2,1 %, &/(/1)% 1/?'5/1/ ?'/ /% +%5/(./ ,6*/1:/ > 1/&5*.1/ *' 21,25) +,(-'+.) -/ 4)(/1) ?'/ */ -/./145(/ *5 */ @) )%+)(A)-, /% +15./15,# $*3< /% )'.,4,(5.,1/, /* '( 5(&1/-5/(./ -/% 21,+/-545/(.,#
666
=) 2/1*,() -/6/ /%/&51 %)* 4/.)* > 2,(/1 /( 210+.5+) %,* 21,+/-545/(.,* 2)1) )%+)(A)1%)* =)* +,(*/+'/(+5)* 1/B,1A)(./* ?'/ *5&'/( ) %)* +,(-'+.)* 2'/-/( */1 5(4/-5).)*< > %)* +,(*/+'/(+5)* +)*.5&)(./*< -/4,1)-)*# =,* )+.,* -/ )'.,+,(.1,% *'/%/( 215:)1 -/ 1/+,42/(*)* 5(4/-5).)* 2)1) ,6./(/1 -/*2'C* 1/+,42/(*)* B'.'1)*
<2:$110==0 <2 $./0907/10= •
•
•
9( /% -/*)11,%%, ./421)(,< %) +,(-'+.) -/ '( (5F, */ /(+'/(.1) 6)8, /% +,(.1,% -/ )&/(./* /E./1(,* +,4, %,* 2)-1/* > 4)/*.1,*< ?'/ /*.)6%/+/( /*.0(-)1/* > 21,2,1+5,()( +,(*/+'/(+5)* 2)1) /% -/*/42/F,# 9% 4,-/%)45/(., /* 4'> 542,1.)(./ 2)1) .1)(*45.51 2).1,(/* -/ )'.,+,(.1,%# =,* (5F,* )-,2.)( /*.0(-)1/* -/ 1/B,1A)45/(., ?'/ ,6*/1:)( /( )%&'5/( 40*#
/>9769$: <2 $./0907/10= 2A*B&,) CD+*DB +DE'),B FD+D ,G *)&,+HB ,) &HI)*IDB J, $./0907/10= M# K'/-/( )'4/(.)1 /% 1)(&, -/ )2%5+)+5,(/* 40* )%%0 -/ )?'/%%)* -5*2,(56%/* +,( 21,+/-545/(.,* 4)(/8)-,* -/ 4)(/1) /E./1()# "# $>'-)( ) *'2/1)1 )%&'()* %545.)+5,(/* > -/*:/(.)8)* -/ %)* +,(.5(&/(+5)* )2%5+)-)* -/ 4,-, /E./1(,# 7# =) 4/.) -/ %) 4,-5B5+)+5;( +,(-'+.')% /* /(.1/()1 ) %,* 5(-5:5-',* 2)1) +,(.1,%)1 *' 21,25) +,(-'+.) > %,&1)1 %)* 4/.)* */%/++5,()-)*#
$%&'I')&+'G ,) GD C *JD J*D+*D •
•
•
•
/>9769$: <2 $./0907/10= =,* 2).1,(/* -/ )'.,+,(.1,% 2'/-/( -/*)11,%%)1*/ 4/-5)(./ .C+(5+)* -/ 4,-5B5+)+5;( +,(-'+.')% +,4, *,(G H,(.1,% -/ /*.34'%,*# $'.,4,(5.,1/,# $'.,11/B,1A)45/(., > )'.,+)*.5&,# 9(.1/()45/(., -/ 1/*2'/*.) )%./1().5:)# I5,11/.1,)%54/(.)+5;(# J)(')%/* -/ )'.,)>'-)# •
•
•
•
• •
•
•
•
?# 907/10= <2 2:/@5.=0: K/145./ ) %,* 5(-5:5-',* +,(.1,%)1 *' 21,25) +,(-'+.) )%./1)(-, %,* /:/(.,* )465/(.)%/* > *5.')+5,()%/* ?'/ *51:/( +,4, */F)%/* 2)1) %) +,(-'+.)# L1/* 21,6%/4)* +,(-'+.')%/* 1/*'%.)( -/% +,(.1,% -/ /*.34'%,* -/*)-)2.)-,G M# $%&'()* +,(-'+.)* */ /(+'/(.1)( 6)8, /% +,(.1,% -/ /*.34'%,* ?'/ /% +%5/(./ -/*/) +)465)1# •
66
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
<2367696K7 $./0907/10= •
D,( )?'/%%)* +,(-'+.)* ?'/ '() 2/1*,() /421/(-/ -/ 4)(/1) -/%56/1)-) 2)1) %,&1)1 1/*'%.)-,* */%/++5,()-,* 2,1 /%%) 45*4)#
6
L#27/127$5627/0 <2 12:M.2:/$ $=/217$/6N$ •
•
•
•
H,(*5*./ /( /(.1/()1 ) %) 2/1*,() 2)1) ?'/ 2)1.5+52/ /( 1/*2'/*.)* ?'/ 5(./1B5/1)( , 1//42%)+/( ) %) 1/*2'/*.) (, -/*/)-)# K)1) %,&1)1%, %) 2/1*,() -/6/ ./(/1 '() 1/*2'/*.) )%./1().5:) /( ?'/ 2)1.5+52)1# 9% +/(.1, 40* +,4O( -/% /(.1/()45/(., -/ 1/*2'/*.) )%./1().5:) /* /% +,(.1,% -/ %) )(*5/-)-# =) 1/%)8)+5;( */ @) /42%/)-, -/ 4)(/1) 40* )42%5) +,4, '() 1/*2'/*.) ?'/ /* 5(+,42).56%/ > 2,1 .)(., '() )%./1().5:) 2)1) %) )(*5/-)-#
L# O60112/10$=6527/$96K7 •
D/ 1/B5/1/ ) +5/1., (O4/1, -/ .C+(5+)* -/ 5(./1:/(+5;( -5*/F)-)* 2)1) )%./1)1 21,+/*,* B5*5,%;&5+,* 4/-5)(./ /% /(.1/()45/(.,#
P# 5$7.$=2: <2 $./0$8.<$ •
•
6N
9% /42%/, -/ 4)(')%/* -/ )'.,)>'-) */ @) )2%5+)-, ) '() /E.1),1-5()15) &)4) -/ 21,6%/4)*G )Q N/-'++5;( -/% 45/-,# 6Q H,4/1 /( /E+/*,# +Q R/21/*5;(# -Q L)6)?'5*4,# /Q S)65%5-)-/* *,+5)%/*# BQ $++5-/(./* /( /% +,(.1,% -/ /*B3(./1/*# &Q R5*B'(+5;( */E')%# @Q H,(*'4, /E+/*5:, -/ )%+,@,%# =)* .C+(5+)* 5(+%'5-)* /( /*.,* 4)(')%/* +,421/(-/( '() -5:/1*5-)-/ 21,+/-545/(.,*< *,%,* > +,465()-,*< )-/40* -/ -/*+15651 2)*, ) 2)*, +;4, -/6/ 21,+/-/1 /% +%5/(./ 2)1) 4,-5B5+)1 *' 21,25, 21,6%/4)#
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
•
•
•
•
•
•
•
•
•
•
•
•
RS.6>7 2:/T O$U0 907/10=V •
•
9( %)* 4)>,13)* -/ %)* .C+(5+)*< %,* +%5/(./* /8/1+/( +5/1., +,(.1,% )% */1 5(:,%'+1)-,* /( %) */%/++5;( -/% 21,6%/4) /( /% ?'/ */ +/(.1) /% .1).)45/(.,# =,* +%5/(./* 2'/-/( ./(/1 )%&'() B'(+5;( )% 2,(/1 /( 210+.5+) %)* .C+(5+)* /%%,* 45*4,*#
N
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•
•
•
N6
