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

1SHMJMGEXMSRJEGXSVW 6IJIVXS8EFPI

8EFPISJ%'-

8EFPI{1MRMQYQVIUYMVIHEZIVEKIWXVIRKXL [MXLSYXWYJJMGMIRXLMWXSVMGEPHEXE 6IUYMVIHEZIVEKI GSQTVIWWMZIWXVIRKXL JGV !JG TWM JGV !JG 14E

7TIGMJMIHGSQTVIWWMZIWXVIRKXL [LIR JG TWM JG 14E

JGV !JG TWM JGV !JG 14E

[LIR JG TWMERHJG TWM JG 14EERHJG 14E

JGV !JG TWM JGV !JG 14E

[LIR JG "TWM JG "14E

*MK {2SVQEP JVIUYIRG] GYVZIW JSV GSIJJMGMIRXW SJ ZEVMEXMSRSJERH

8EFPISJ%'-

8EFPI{)UYEXMSRWXSHIXIVQMRIQMRMQYQVIUYMVIHEZIVEKIWXVIRKXL 'VMXIVMSR 'VMXIVMSR 'VMXIVMSR 'VMXIVMSRj 1E\MQYQTIVGIRXSJ 1E\MQYQTIVGIRXSJ 1E\MQYQTIVGIRXSJQSZMRK 1E\MQYQTIVGIRXSJMRHMZMHYEP MRHMZMHYEPXIWXW O SJJG MRHMZMHYEPXIWXW JG EZIVEKISJRGSRWIGYXMZIXIWXW JG XIWXW JG z O 'SIJJMGMIRXSJZEVMEXMSRJSVQYPE

JGV !JG z^:

JGV !JG z^: R

JGV ! JG z O z^:

JGV !OJG z^:

)UYEXMSRRYQFIV

E

E

E

E

7XERHEVHHIZMEXMSRJSVQYPE

JGV !JG ^W

JGV ! JG ^W R

JGV ! JG z O ^W

JGV ! OJG ^W

)UYEXMSRRYQFIV

F

F

F

F

'VMXIVMSRMWJSVJG TWM 14E j'VMXIVMSRMWJSVJ "TWM 14E G


+9-()83):%09%8-323*786)2+8,8)786)790873*'32'6)8) %'-6

8EFPI{4VSFEFMPMXMIWEWWSGMEXIH[MXLZEPYIWSJ^

4IVGIRXEKIWSJXIWXW [MXLMR^

'LERGIWSJJEPPMRKFIPS[ JG z^ MR MR MR MR MR

^

MR MR MR MR

MR MR MR

'SQQSRP]YWIHZEPYIW

LEVHGSRZIVXIHXLYWXLI]VIJPIGXXLIZEPYIWGSQQSRP]YWIH MRXLIVIWTIGXMZIYRMXW]WXIQ%'-GSRXEMRWZEVMEXMSRWSJ XLIWIIUYEXMSRW 'VMXIVMSR 2S {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{%WWYQIWYJJMGMIRX HEXEI\MWXJSV[LMGLEGSIJJMGMIRXSJZEVMEXMSRSJ LEW FIIRGEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJTWM 14E *VSQ 8EFPI SJXLIRSVQEPTVSFEFMPMX] HMWXVMFYXMSRMWQSVIXLERWXERHEVHHIZMEXMSRWFIPS[XLI QIER9WMRK)U E JVSQ8EFPI JGV !JG z^: JGV ! z » !TWM ?JGV ! z » !14EA 8LIVIJSVIJSVERJG SJTWM 14E TVSTSVXMSRXLI GSRGVIXIQM\XYVIJSVEREZIVEKIWXVIRKXLRSPIWWXLERTWM 14E WS XLEX SR EZIVEKIRS QSVI XLER SJ XLI VIWYPXWJEPPFIPS[JG 7XERHEVHHIZMEXMSR QIXLSH{%WWYQI WYJJMGMIRX HEXEI\MWXJSV[LMGLEWXERHEVHHIZMEXMSRSJTWM 14E LEWFIIRGEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJ TWM 14E %GGSVHMRK XS 8EFPI SJ XLI RSVQEP TVSFEFMPMX] HMWXVMFYXMSR MW QSVI XLER WXERHEVH HIZMEXMSRWFIPS[XLIQIER9WMRK )U F JVSQ8EFPI JGV

JG ^W

JGV !TWM»TWM!TWM ?JGV !14E» 14E!14EA

8STVSHYGIEGSRGVIXIQM\XYVI[MXLJG SJTWM 14E XLEXMWI\TIGXIHSREZIVEKIXSLEZIRSQSVIXLER SJXLI XIWX VIWYPXW JEPP FIPS[ JG XLI GSRGVIXI QM\XYVI WLSYPH FI TVSTSVXMSRIHXSTVSHYGIEREZIVEKIWXVIRKXLSJRSPIWWXLER TWM 14E 'VMXIVMSR2S{8LIIRKMRIIVGERWTIGMJ]ETVSFEFMPMX] XLEXEREZIVEKISJRGSRWIGYXMZIWXVIRKXLXIWXW[MPPJEPPFIPS[JG *SV I\EQTPI %'- 7IGXMSR WXMTYPEXIW XLEX XLI EZIVEKISJER]XLVIIGSRWIGYXMZIWXVIRKXLXIWXVIWYPXWWLSYPH IUYEPSVI\GIIHJG 8LIJGV WLSYPHFIIWXEFPMWLIH[LIVI JEMPYVIXSQIIXJG MWERXMGMTEXIHEXRSQSVIXLERMR XMQIW 'SIJJMGMIRXSJZEVMEXMSRQIXLSH{%WWYQIWYJJMGMIRX HEXEI\MWXJSV[LMGLE GSIJJMGMIRXSJZEVMEXMSRLEWFIIR GEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJTWM 14E *VSQ 8EFPI SJ XLI RSVQEP TVSFEFMPMX] HMWXVMFYXMSRMWQSVIXLERWXERHEVHHIZMEXMSRWFIPS[XLI QIER9WMRK)U E JVSQ8EFPI JGV !JG ?z ^: R A JGV !TWM?z » A!TWM ?JGV !14E?z » A!14EA 8LIVIJSVIJSVETWM 14E QM\XYVITVSTSVXMSRJSV EREZIVEKIWXVIRKXLRSPIWWXLERTWM 14E WSXLEX SREZIVEKIRSQSVIXLER SJXLIQSZMRKEZIVEKISJXLVII GSRWIGYXMZIWXVIRKXLXIWXVIWYPXWJEPPFIPS[JG 7XERHEVH HIZMEXMSR QIXLSH{%WWYQI WYJJMGMIRX HEXEI\MWXJSV[LMGLEWXERHEVHHIZMEXMSRSJTWM 14E LEWFIIRGEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJ TWM 14E *VSQ 8EFPI SJ XLI RSVQEP TVSFEFMPMX]HMWXVMFYXMSRMWQSVIXLERWXERHEVHHIZMEXMSRW FIPS[XLIQIER9WMRK)U F JVSQ8EFPI JGV !JG ^W R JGV !TWM? »TWM A!TWM JGV !14E? »14E A!14E 8LIVIJSVIJSVERJG SJTWM 14E TVSTSVXMSRXLI GSRGVIXIQM\XYVIJSVEREZIVEKIWXVIRKXLRSPIWWXLERTWM 14E WS XLEX SR EZIVEKI RS QSVI XLER SJ XLI QSZMRKEZIVEKISJXLVIIWXVIRKXLXIWXVIWYPXWJEPPWFIPS[JG )UYEXMSR F JVSQ 8EFPI MWTVIWIRXIH MR HMJJIVIRX JSVQ XLER )U 8EFPI MR %'- 8LI ZEPYI MR %'- MW IUYMZEPIRX XS ^ R ! ! FIGEYWIFSXLÊRHREVIEPVIEH]WTIGMJMIH 'VMXIVME2SERH{8LIIRKMRIIVQE]WTIGMJ]E GIVXEMR TVSFEFMPMX] XLEX E VERHSQ MRHMZMHYEP WXVIRKXL XIWX VIWYPX[MPPFIRSQSVIXLEREGIVXEMREQSYRXFIPS[JG *SV I\EQTPI'VMXIVMSR2SMWYWIHMR%'-F]WXMTYPEXMRK XLEXRSMRHMZMHYEPWXVIRKXLXIWXVIWYPXJEPPWFIPS[JG F]QSVI XLER TWM 14E %R EPXIVREXMZI 'VMXIVMSR 2S MW ETTVSTVMEXI JSV GSRGVIXI [MXL JG " TWM 14E


+9-()83):%09%8-323*786)2+8,8)786)790873*'32'6)8) %'-6

VIUYMVIW XLEX RS MRHMZMHYEP WXVIRKXL XIWX VIWYPX JEPPW FIPS[ SJJG 8LIWIX[SGVMXIVMEEVIIUYMZEPIRXEXTWM 14E 8LIQMRMQYQZEPYISJJGV MWIWXEFPMWLIHWSXLEX RSRGSRJSVQERGISJERMRHMZMHYEPVERHSQXIWXMWERXMGMTEXIH RSQSVISJXIRXLERMRXMQIWMRIMXLIVGEWI 'SIJJMGMIRXSJZEVMEXMSRQIXLSHJ G TWM 14E {%WWYQIWYJJMGMIRXHEXEI\MWXJSV[LMGLEGSIJJMGMIRX SJ ZEVMEXMSR SJ LEW FIIR GEPGYPEXIH JSV E GSRGVIXI QM\XYVI[MXLERJG SJTWM 14E *VSQ8EFPI SJXLIRSVQEPTVSFEFMPMX]HMWXVMFYXMSRMWQSVIXLER WXERHEVHHIZMEXMSRWFIPS[XLIQIER9WMRK)U E [MXL OWIXXSTWM 14E JVSQ8EFPI JGV ! JG zO z^: JGV ! TWMzTWM ?z » A!TWM ?JGV ! 14Ez14E ?z » A!14EA 8LIVIJSVIJSVERJG SJTWM 14E TVSTSVXMSRXLI GSRGVIXIQM\XYVIJSVEREZIVEKIWXVIRKXLRSPIWWXLERTWM 14E WS XLEX SR EZIVEKI RS QSVI XLER SJ XLI MRHMZMHYEP WXVIRKXL XIWX VIWYPXW JEPP FIPS[ JG F] QSVIXLER TWM 14E 7XERHEVH HIZMEXMSR QIXLSH JG TWM 14E {%WWYQIWYJJMGMIRXHEXEI\MWXJSV[LMGLEWXERHEVH HIZMEXMSR SJ TWM 14E LEW FIIR GEPGYPEXIH JSVE GSRGVIXI QM\XYVI [MXL ER JG SJ TWM 14E *VSQ 8EFPI SJXLIRSVQEPTVSFEFMPMX]HMWXVMFYXMSRMWQSVI XLERWXERHEVHHIZMEXMSRWFIPS[XLIQIER9WMRK)U F JVSQ8EFPI[MXLOWIXIUYEPXSTWM 14E JGV ! JG zO ^W JGV ! TWMzTWM »TWM !TWM ?JGV ! 14Ez14E »14E !14EA 8LIVIJSVIJSVEWTIGMJMIHGSQTVIWWMZIWXVIRKXLSJTWM 14E TVSTSVXMSR XLI GSRGVIXI QM\XYVI JSV ER EZIVEKI WXVIRKXLRSPIWWXLERTWM 14E WSXLEXSREZIVEKI RSQSVIXLER SJXLIMRHMZMHYEPWXVIRKXLXIWXVIWYPXWJEPP FIPS[ JG F]QSVIXLERTWM 14E 'SIJJMGMIRXSJZEVMEXMSRQIXLSH JG "TWM 14E {%WWYQIWYJJMGMIRXHEXEI\MWXJSV[LMGLEGSIJJMGMIRX SJ ZEVMEXMSR SJ LEW FIIR GEPGYPEXIH JSV E GSRGVIXI QM\XYVI[MXLERJG SJTWM 14E *VSQ8EFPI SJXLIRSVQEPTVSFEFMPMX]HMWXVMFYXMSRMWQSVIXLER WXERHEVHHIZMEXMSRWFIPS[XLIQIER9WMRK)U E [MXLO WIXIUYEPXSJVSQ8EFPI JGV !»JG z^: JGV ! »TWM ?z » A!TWM ?JGV ! »14E ?z » A!14EA 8LIVIJSVIJSVERJG WXVIRKXLSJTWM 14E TVSTSVXMSR XLI GSRGVIXI QM\XYVI JSV ER EZIVEKI WXVIRKXL RS PIWW XLER

TWM 14E WSXLEXSREZIVEKIRSQSVIXLER SJ XLIMRHMZMHYEPWXVIRKXLXIWXVIWYPXWJEPPFIPS[JGV 7XERHEVH HIZMEXMSR QIXLSH JG " TWM 14E {%WWYQIEWXERHEVHHIZMEXMSRSJTWM 14E LEW FIIRGEPGYPEXIHJSVEGSRGVIXIQM\XYVI[MXLERJG SJTWM 14E *VSQ 8EFPI SJ XLI RSVQEP TVSFEFMPMX] HMWXVMFYXMSRMWQSVIXLERWXERHEVHHIZMEXMSRWFIPS[XLI QIER9WMRK)U F [MXLOWIXIUYEPXSJVSQ8EFPI JGV !» JG ^W JGV !»TWM»TWM!TWM ?JGV ! »14E »14E !14EA 8LIVIJSVIJSVERJG SJTWM 14E TVSTSVXMSRXLI GSRGVIXIQM\XYVIJSVEREZIVEKIWXVIRKXLRSPIWWXLERTWM 14E WS XLEX SR EZIVEKI RS QSVI XLER SJ XLI MRHMZMHYEPWXVIRKXLXIWXVIWYPXWJEPPFIPS[JG 1YPXMTPI GVMXIVME{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» JG z: !TWM 14E ERH 1SZMRK EZIVEKI SJ XLVII WXVIRKXL XIWXW GVMXIVMSR JGV !JG z: !TWM 14E 1SZMRKEZIVEKIGVMXIVMSRKSZIVRWFIGEYWIMXTVSHYGIWXLI PEVKIWX JGV XLEXMWTWM"TWM 14E"14E ERH JGV WLSYPHFIXLIPEVKIVWXVIRKXLGEPGYPEXIHJSVXLIX[SGVMXIVME ',%48)6{):%09%8-323*(%8% {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


+9-()83):%09%8-323*786)2+8,8)786)790873*'32'6)8) %'-6

-XMWYWIJYPXSHIXIVQMRIXLIPMOIPMLSSHSJZEVMSYWSYXGSQIW [LIRXLIVIMWEXQSWXE TVSFEFMPMX]SJEXIWXPIWWXLERJG F]QSVIXLERTWM 14E ERHEXQSWXE TVSFEFMPMX] XLEX XLI QSZMRK EZIVEKI SJ XLVII GSRWIGYXMZI XIWXW [MPP FI PIWWXLERJG 8LIQE\MQYQTVSFEFMPMX]XLEXEXPIEWXSRIIZIRX [MPPSGGYV MR RMRHITIRHIRXXIWXWQE] FIIWXMQEXIHYWMRK )U 0IQMRK 4V_EXPIEWXIZIRX`RXIWXWa!z zT R

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{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

8EFPI{4VSFEFMPMX]SJEXPIEWXSRIIZIRXMRR XIWXWJSVWIPIGXIHWMRKPIIZIRXTVSFEFMPMXMIW R

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