Pedoman Pelaksanaan
Sanitasi Total Berbasis Masyarakat Proyek Kesehatan dan Gizi Berbasis Masyarakat untuk Mengurangi Stanting (PKGBM)
Millennium Challenge Account - Indonesia Mengentaskan Kemiskinan melalui Pertumbuhan Ekonomi
Gedung MR21, Lantai 11. Jl. Menteng Raya No. 21, Jakarta 10340
Tel. +6221 39831971 | Fax: +6221 39831970
"#$%&'( "#)'*+'(''(
!"#$%"&$ ()%"* +,-."&$& /"&0"-"1"% ",%-#* .#+#/'0'( $'( 1232 4#,5'+2+ 6'+-','*'0 7".1468
69:;<($%(#+2' $'( .#(0#,2'( .#+#/'0'( =#>?5)2* <($%(#+2'
;
@ABC ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
2"3%"- 4&$
56
:6
96
7"%"- +,*"1"#8 66666666666666666666666 6666666666666666666666 6666666666666666666666 6666666666666666666666 66666666666666666666666 66666666 9 BDBD
E0'(02(FG E'(20'+2 $'( H2F2#(# DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD I
BD@D
"#,&'+')'/'( E'(20'+2 $'( H2F2#(# DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD I
BDID
J'($'+'( "#(-?+?('( "#(-?+?( '( "#$%&'( "#)'*+'(''( DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD K
BDKD
L#M2(2+2 N>#,'+2%(') DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDDD C
(;<;"# 66666666666666666666 6666666666666666666666 6666666666666666666666 66666666666666666666666 6666666666666666666666 6666666666666666666666 6 = @DB
O?P?'( Q&?& DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDD R
@D@
O?P?'( ./?+?+ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDD R
@DI
<($2*'0%,S DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDD R
>)?@)#,# !(+/ 6666666666666666666666 6666666666666666666666 66666666666666666666666 6666666666666666666666 6666666666666666666666 66666 A IDB
"#(2(F*'0'( J2(F*?(F'( -'(F .%($?+2M DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD T
ID@
"#(2(F*'0'( *#5?0?/'( +'(20'+2 DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD BA
ID@DB
"#(2(F*'0'( *'>'+20'+ 52$'(F EO46 $'( >,%&%+2 >'+*' >#&2U?'( DDDDDDDDDDDDDDDDDDDDDDDDDDDD BA
ID@D@
"#)'*+'(''( >#&2U?'( $'( >,%&%+2 >'+*' >#&2U?'( DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD BI
IDI
B6
"#(-#$2''( +?>)'2 +'(20'+2 DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD BT
>))-C$#"&$ C"# D,?.,*"<"-"# 6666666666666666666666 6666666666666666666666 6666666666666666666666 66666666666666666666666 666666 :5 KDB
.%%,$2('+2 DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDD @B
KD@
"#&5#)'P','( DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDD @B
E6
D,?"#%";"# C"# FG"*;"&$ 66666666666666666666 66666666666666666666666 6666666666666666666666 6666666666666666666666 66666666666666 :9
H6
/"%-$1 >,8$"%"# I$#J$ 66666666666666666666 6666666666666666666666 6666666666666666666666 66666666666666666666666 666666666666666666666 :H
=6
D,#C"#""#6666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 D,#C"#""#6666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666666 9:
A6
D,#;%;@ 666666666666666666666 66666666666666666666666 6666666666666666666666 6666666666666666666666 6666666666666666666666 666666666666666666 99
;@;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
56 7"%"- +,*"1"#8 5656 !%"#%$#8K !"#$%"&$ C"# L$8$,#, B
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
B
E0'(02(F $2$#M2(2+2*'( +#5'F'2 F'(FF?'( >#,0?&5?/'( -'(F +'(F'0 +#,2?+G *',#(' $2+#,0'2 $#(F'( F'(FF?'( >#,*#&5'(F'( *%F(202M $'( *#U#,$'+'(D @ ^'&5'( +#/'0 '0'? _2&>,%V#$ )'0,2(#+` (?,?0 A$6'4 /$'64$06'1 !0$10&% B />5+ $2$#M2(2+2*'( +#5'F'2 P'&5'( -'(F /2F2#(2+ &2+'/*'( *%0%,'( &'(?+2' $',2 *%(0'* &'(?+2'D I ]E"G CD$'$%6D E%@&D4+ $F ,&'64&46$' 6' E'#$'"+6&G J'>%,'( "#(#)202'(G :F?+0?+ @AAT
;I;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
"#,2(0'/ 0#)'/ &5#,2*'( >#,/'02'( $2 52$'(F /2F2#(# $'( +'(20'+2 $#(F'( (#0'>*'( +'+','( <($%(#+2' EON" 4:4E 7E0%> 4?'(F :2, 4#+', E#&5','(F'(8 $')'& =#(U'(' "#&5'(F?('( ^'(F*' 6#(#(F'/ a'+2%(') 7="^6a8 @ABA;@ABKD H') 2(2 +#P')'( $#(F'( *%&20( >#,2(0'/ $')'& (U'>'2 0',F#0 6L1+ 0'/?( @ABCG -'20? (2(F*'0*'( '*+#+ '2, &2(?& $'( +'(20'+2 $'+', +#U',' 5#,*#+2('&5?(F'( *#>'$' +#>',?/ $',2 >,%>%,+2 >#($?$?* -'(F 5#)?& ($'>'0*'( '*+#+D E')'/ +'0? ?>'-' (F'0'+2 >#,&'+')'/'( 0#,+#5?0G "#,2(0'/ <($%(#+2' )')?2 .#(0#,2'( .#+#/'0'( =#>?5)2* <($%(#+2' 0#)'/ (F#&5'(F*'( $%*?( E0,'0#F2 a'+2%(') E'(20'+2 O%0') 4#,5'+2+ 6'+-','*'0 7EO468 $#(F'( $2*#)?',*'((-' E?,'0 .#>?0?+'( 6#(0#,2 .#+#/'0'( =#>?5)2* <($%(#+2' a%&%,
[email protected]?,('*'( $#(F'( "#,'0?,'( "#,2(0'/ (% I 0'/?( @ABID ",2(+2> >#($#*'0'( EO46 '$')'/ *#0#,>'$?'( '(0',' *%&>%(#( >#(2(F*'0'( *#5?0?/'( 7#"%&'# 8G >#,5'2*'( >#(-#$2''( 7+=@@)9 8 +'(20'+2 $'( >#(U2>0''( )2(F*?(F'( -'(F ($?*?(F 7"'&8)6'1 "'?60$'%"'4 8G ('&?( >#)'*+'(''((-' >#,)? $2>#,02&5'(F*'( *%&>%(#( >#($?*?(F )'2((-' +#>#,02 +0,'0#F2 >#&52'-''(G %$' >#&'(0'?'( $'( >#(F#)%)''( >#(F#0'/?'(Z2(M%,&'+2 +#5'F'2 $2' >#&5#)'P','(D
5696 7"#C"&"# D,#0;&;#"# D,C)?"# D,*"1&"#""# "#(-?+?('( "#$%&'( "#)'*+'(''( 2(2 $2)'*?*'( 5#,$'+',*'( >#,02&5'(F'( +#5'F'2 5#,2*?0d •
•
"#&5#)'P','( -'(F $2>#,%)#/ $',2 ",%F,'& +'(20'+2 -'(F $2*#&5'(F*'( %)#/ ",%F,'& :2, $'( E'(20'+2 4'(* L?(2' 7]E"8G ")'( <(0#,('02%(')G $'( -'(F $2*#&5'(F*'( %)#/ "#,2(0'/ .'5?>'0#( E?$'(FD 4#,5'F'2 $2+*?+2 $#(F'( >',' >#&'(F*? *#>#(02(F'( $2 02(F*'0 ('+2%(')G >,%V2(+2 $'( *'5?>'0#(G +#>#,02 .#(0#,2'( .#+#/'0'(G >#,2(0'/ $'#,'/G 2(+020?+2 ('+2%(') $'( 2(0#,('+2%(') +#>#,02d ]%,*+/%> "#&2U?'( EO46 ",%F,'& .#+#/'0'( $'( 1232 4#,5'+2+ 6'+-','*'0 69:;< $2 H%0#) o <52+ ^'*',0' >'$' 0'(FF') BB ^?(2 @ABK $#(F'( ")'( <(0#,('02%(') <($%(#+2'G ]E"G E2&'V2G L2(*#+ .'5?>'0#( "'U20'(G L2(*#+ .'5?>'0#( E?$'(FG .'5?>'0#( 42&'G L2('+ .#+#/'0'( ",%V2(+2 a?+' O#(FF',' 4','0G ]:EH Qa<9beG L2,#*0%,'0 "#(-#/'0'( J2(F*?(F'( .#(*#+G E#*,#0',2'0 a'+2%(') EO46 +#,0' 69:;#($#*'0'( EO46 $2 .'(0%, ]E" $#(F'( O2& ]E" ^'*',0'G 699G o 69:;'$' @[ NU0%5#, @ABKG ]%,*+/%> 0#(0'(F L#+2F( EO46 $2 1#$?(F ""6 ^'*',0' B@ L#+#&5#, @ABK $#(F'( ")'( o <(0#,('02%(') <($%(#+2'G ]E"G "#,+2'>'( "#)'02/'( ONO "#&2U?'( EO46 $2 H%0#) 9)',20- 4'($?(F 0'(FF') I \ X o e#5,?',2 @ABC $#(F'( ")'( <(0#,('02%(') <($%(#+2'G ]E"G 5#,0?P?'( ?(0?* (-#)#+'2*'( 'F#($' $'( &'0#,2 >#)'02/'( e'+2)20'0%, ONO "#&2U?'( EO46G ",# $'( "'+U' QP2G *,20#,2' >#+#,0'G ,#(U'(' >#&5#)'P','(G 2(V#(0',2+'+2 M'+2)20'0%, $'( 6NOD ]%,*+/%> "#,+2'>'( "#)'02/'( ]2,'?+'/' EO46 $2 H%0#) 9)',20- 4'($?(F 0'(FF') @B \ @K o :>,2)G @ABC $#(F'( L2,#*0%,'0 "#(-#/'0'( J2(F*?(F'(G E#*,#0',2'0 a'+2%(') EO46G ":"E<1=N 7"'F?-?5'( "#(F?+'/' E'(20'+2 1,%5%F'(8G :""E:a< 7:+%+2'+2 "#(F?+'/' $'( "#&5#,$'-' E'(20'+2 <($%(#+2'8G ]2,'?+'/' EO46 .'5?>'0#( E?$'(FG .%(+?)0'(G :$V2+%,- "'&+2&'+ << .%&>%(#( .#+#/'0'(G Q=9G ]E" OLE7O,'2(2(F L#V#)%>(0 E#,V2U#+8 "'&+2&'+ < 5#,0?P?'( ?(0?* (-#)#+'2*'( 'F#($' $'(
;K;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
o
&'0#,2 >#)'02/'( ]2,'?+'/' "#&2U?'( EO46G ",# $'( "'+U' O#+G *,20#,2' >#+#,0'G ,#(U'(' >#&5#)'P','(G 2(V#(0',2+'+2 M'+2)20'0%, $'( 6NOD 62(2 ]%,*+/%> ]2,'?+'/' $2 ^'*',0' 0F) @[ :>,2) @ABC $#(F'( L2,#*0%,'0 "#(-#/'0'( J2(F*?(F'(G L2('+ .#+#/'0'( ",%V2(+2 ^'W' O2&?,G L2('+ .#+#/'0'( .'5?>'0#( E?$'(FG ]E"G :""E:a 5#,0?P?'( ,?&?+*'( $#+2F( *#F2'0'( W2,'?+'/' EO46D
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d B8 E0%> 4?'(F :2, 4#+', E#&5','(F'( 7E4E8g @8 9?U2 O'(F'( "'*'2 E'5?( 79O"E8g I8 "#(F#)%)''( :2, 62(?& $'( 6'*'('( =?&'/ O'(FF' 7":66;=O8g K8 "#(F'&'('( E'&>'/ =?&'/ O'(FF' 7"E;=O8g $'( C8 "#(F'&'('( J2&5'/ 9'2, =?&'/ O'(FF' 7"J9;=O8D B8
;C;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
B@8 >"C,- $')'& $%*?( 2(2 '$')'/ >,%&%0%, *#+#/'0'( $#+'D E#%,'(F >,%&%0%, *#+#/'0'( -'(F $2>2)2/ %)#/ $#+'D 42'+'(-' *'$#, '$')'/ +#%,'(F W'(20' $#(F'( *#&'&>?'( *#>#&2&>2('( Z &5#,2 >#)'-'('( $#(F'( *#2*/)'+'( $'( *#2(F2('( ?(0?* &5'(0? &'+-','*'0D
;X;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
:6 (;<;"# E'(20'+2 O%0') 4#,5'+2+ 6'+-','*'0 7EO468 '$')'/ +?'0? >#($#*'0'( ?(0?* &%52)2+'+2 &'+-','*'0 F?(' &5#5'+*'( +#U',' 0?(0'+ *#52'+''( 5?'(F '2, 5#+', +#&5','(F'( $#(F'( >#&5#,$'-''( &'+-','*'0 )')?2 >#&2U?'(D
:65
(;<;"# R?;?
EO46 $')'& ",%F,'& 2(2 $2&'*+?$*'( ?(0?* &>#,5'2*2 *%($2+2 +'(20'+2 $')'& ,'(F*' (?,?(*'( >,#V')#(+2 +0'(02(F $2 <($%(#+2' )')?2 >#,?5'/'( >#,2)'*? +'(20'+2 $'( /2F2#(# &'+-','*'0D "#,?5'/'( >#,2)'*? +'(20'+2 $'( /2F2#(# $2)'*?*'( )')?2 >#&5#,$'-''( &'+-','*'0 ?(0?* (2(F*'0*'( '*+#+ 0#,/'$'> +'(20'+2D
:6:
(;<;"# >M;&;&
J2&' 7C8 0?P?'( */?+?+ >#)'*+'(''( EO46 '$')'/ +#5'F'2 5#,2*?0d B8
C8
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
:69
4#C$1"%)-S
@8 I8
K8
4T24>O(NI 5U
!4!(F/ R(R> /F7OPO>
4#C$1"%)- 7;"-"#V 'D
^?&)'/ O,'2(2(F %M O,'2(#, 7ONO8 "#&2U?'( EO46 $2)'02/
J'>%,'( EO46 69:;<
5D
^?&)'/ O2& "#&2U? EO46 "?+*#+&'+ $2)'02/
J'>%,'( EO46 69:;<
UD
^?&)'/ O2& "#&2U? EO46 L#+' $2)'02/
J'>%,'( EO46 69:;<
$D
^?&)'/ ]2,'?+'/' E'(20'+2 $2)'02/
J'>%,'( EO46 69:;<
#D
^?&)'/ M'+2)20'0%, >#)'02/'( "#&'(0'?'( EO46 $2)'02/
J'>%,'( EO46 69:;<
MD
^?&)'/ E'(20',2'( $2)'02/ $')'& "#&'(0'?'( EO46
J'>%,'( EO46 69:;<
FD
^?&)'/ L#+' $2>2U?
E6E 1'0#W'-
/D
^?&)'/ $#+' &>?(-'2 =#(U'(' O2($'* J'(P?0
J'>%,'( EO46 69:;<
2D
^?&)'/ ]2,'?+'/' '*02M
J'>%,'( EO46 69:;<
:U
4#C$1"%)- 2"?@"1 'D
"#,U#(0'+# *#)?',F' $2 E4E $2 $#+'
E6E 1'0#W'-
5D
^?&)'/ L?+?(Z=] E4E
J'>%,'( EO46 69:;<
UD
^?&)'/ L#+' E4E
E6E 1'0#W'-
;R;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
96 >)?@)#,# !(+/ EO46 &>?(-'2 I *%&>%(#(G -'20? "'&8)6'1 "'?60$'%"'4 '0'? "#(2(F*'0'( J2(F*?(F'( -'(F *%($?+2MG #"%&'# D0"&46$' '0'? "#(2(F*'0'( *#5?0?/'( +'(20'+2 $'( ,=@@)9 6%@0$?"%"'4 '0'? "#(2(F*'0'( >#(-#$2''( +?>)'2 +'(20'+2D .#0#,*'20'( *#02F' *%&%(#( $2F'&5',*'( +#5'5'F2 5#,2*?0d
.#+#)?,?/'( *#F2'0'( $',2 02F' *%&>%(#( $',2 02(F*'0 >?+'0 +'&>'2 02(F*'0 $#+' $2?,'2*'( $')'& &'0,2* 4:4 X $',2 "#$%&'( 2(2D
965
D,#$#81"%"# 7$#81;#8"# 0"#8 >)#C;&$3
"6
>,8$"%"#
"#(2(F*'0'( *%&>%(#( J2(F*?(F'( -'(F *%($?+2M &2)2*2 $?' 0?P?'( -'20?d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d B8
6#(2(F*'0*'( *#+'$','( $'( *%&20( >#,2(0'/ >,%V2(+2 '0'+ >#(U'>'2'( 0',F#0 ('+2%(') 52$'(F +'(20'+2G ;T;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
@8 I8
6#&'+02*'( 2(+0'(+2 0#,*'20 +'(20'+2 $'( /2F2#(# 0#,W'*2)2 $')'& 02& *%%,$2('+2 >,%V2(+2G .'5?>'0#( 0#,W'*2)2 $'( 5#,>',02+2>'+2 $')'& >#,0#&?'( *%%,$2('+2 >,%V2(+2D
"#(2(F*'0'( )2(F*?(F'( *%$?+2M $2 02(F*'0 *'5?>'0#( )2>?02d B8 @8 I8
:$V%*'+2 *#>'$' >#,2(0'/ *'5?>'0#( $#(F'( )25'0*'( E."L 0#,*'20 )')?2 >#(2(F*'0'( *#+'$','( $'( (-#)#(FF','*'( )%*'*',-' >#,#(U'(''(G 6#(-#)#(FF','*'( >#,0#&?'( >#(2(F*'0'( *#+'$','( -'(F 5#,*#)'(P?0'( $2 *'5?>'0#(G 6#(-?+?( +0,'0#F2 >#(F#)%)''( >,%F,'& EO46 -'(F )2>?02d *%&20(G ,#(U'(' '*+2G >#(0'/'>'( ,#(U'('G +0,'0#F2 >#)'*+'(''(G ,#(U'(' >#&'(0'?'(G $'( &5#,2*'( ,#(U'(' K >#(F#)%)''(D E0,'0#F2 2(2 /',?+ +#P')'( $#(F'( E0,'0#F2 E'(20'+2 .'5?>'0#(Z.%0' D
"#(2(F*'0'( )2(F*?(F'( *%$?+2M $2 02(F*'0 *#U'&'0'( )2>?02d B8 @8 I8 K8
:$V%*'+2 $'( +%+2')2+'+2 >,%F,'& EO46 *#>'$' >#&'(F*? *#>#(02(F'( $2 *#U'&'0'(G 6#(-?+?( ,#(U'(' $'( )'*+'('*'( >,%F,'& >#,?5'/'( >#,2)'*?G 6#&5'(F?( *'>'+20'+ >#(-#$2''( +?>)'2 P'+' $'( &'0#,2') +'(20'+2 6#)'*+'('*'( >#,'( *#U'&'0'( $')'& &52(' $'( ($?*?(F *#F2'0'( >#(2(F*'0'( *'>'+20'+ *#&'&>?'(D
"#(2(F*'0'( *#+'$','(G '$V%*'+2 '0'? h,%'$ +/%Wh $2 02(F*'0 *#U'&'0'( '*'( $2/'$2,2 %)#/ )2(0'+ +#*0%,') $2 02(F*'0 *#U'&'0'( $'( W'*2) $#+' 7*#>')' $#+' $'( 0%*%/ &'+-','*'08D O?P?'( $',2 >#(2(F*'0'( *#+'$','( 2(2 '$')'/ ?(0?* ($'>'0*'( $?*?(F'( $'( *%&20( $',2 +#*0%, $'( $',2 >#,2(0'/ $#+' $')'& >#)'*+'(''( >#&2U?'( EO46D 6?(U?)(-' *#+'$','( $2/','>*'( (F/'+2)*'( +#5?'/ *#+#>'*'0'( -'(F (',2* $',2 $#+' ?(0?* )'*?*'( >#&2U?'( $'( $2)'(P?0*'( $#(F'( >#&2)2/'( $#+'D
.6
D,?$*$M"# C,&" C"# C;&;#
"#&2)2/'( $#+' $2$'+',*'( '0'+ *,20#,2' 5#,2*?0 7.,20#,2' 5#,2*?0 $2F?('*'( ?(0?* (-#)#*+2 $#+' -'(F '*'( $2>2)2/ $',2 CDKAA $2 K[[ *#U'&'0'( $'#,'/ >,%-#* ".146 69:;<8d •
•
•
•
•
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
K
6#(?,?0 "#,U#>'0'( "#&5'(F?('( E'(20'+2 "#,&?*2&'( ; ""E"G >,%F,'& ('+2%(') >#&5'(F?('( +'(20'+2 @ABA;@ABKG +#02'> *'5?>'0#( /',?+ &>?(-'2 =#(U'(' E0,'0#F2+ $'( (F#&5'(F*'( E'(20'+2 L2+0,2U0 W2$#D =#(U'(' +0,'0#F2+ 2(2 )2>?02 728 *%&20( >#($'(''(G 7228 &'+?*'( +'(20'+2 $')'& >#&5'(F?('( *'5?>'0#( $'(G 72228 &5#(0?* 02& *%%,$2('+2 +'(20'+2 $'( $20#,P#&'/*'( *# $')'& #&>'0 $%*?(d B 8 E0?$2 bH=:G 7@8 4?*? "?02/ E'(20'+2G 7I8 E0,'0#F2 920W2$# E'(20'+2G 7K8 6#&%,'($?& ",%F,'& E'(20'+2D . #+#)?,?/'( $%*?( $2+#5?0 =#(U'(' E0,'0#F2+ E'(20'+2 $'( H2F2#(#G EO46 ,?>'*'( +')'/ +'0? ",%F,'& a'+2%(') ""E"D
;[;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
F#%F,'M2+G >%0#(+2 (P'$2 $#+' E4E $')'& W'*0? +'0? 0'/?(D E?*+#+ $')'& (P'$2 $#+' E4EG >#(02(F ?(0?* &2U? $#+';$#+' 0#,$#*'0G b&>'0 $?+?( >#, $#+' $2>2)2/ ?(0?* >#)'*+'(''( >#&2U?'(D L?+?( $2>2)2/ 5#,$'+',*'( &2('0 -'(F $2?(F*'>*'( %)#/ >#&2&>2( $?+?( >'$' >#,0#&?'( 02(F*'0 $#+'G L#+' 0#,>2)2/ $202($'*)'(P?02 $#(F'( >#&5#(0?*'( O2& "#&2U? L#+'G $22*?02 >#)'02/'( >#&2U?'( $'( *#F2'0'( >#&2U?'(D O2& >#&2U? $#+' *%(+#(0,'+2 &2U? #&>'0 $?+?( 0#,>2)2/ $'( ($%,%(F +#&?' $?+?( -'(F '$' $2 $#+' ?(0?* &'+02*'( +#)?,?/ $?+?( 0#,0'(F'(2 +#/2(FF' $#+' (P'$2 E4ED
•
•
J6
7;"-"# 1,8$"%"#
4#,2*?0 '$')'/ )?','( -'(F $2/','>*'( $'>'0 $2U'>'2 +#0#)'/ >#)'*+'(''( *#F2'0'( >#(2(F*'0'( )2(F*?(F'( -'(F *%$?+2Md O2(F*'0 >,%V2(+2 ; ;
.#>?0?+'( >#,2(0'/ >,%V2(+2 0#(0'(F *#+'(FF?>'( (U'>'2 0',F#0 +'(20'+2 ('+2%(')G 6#&5#(0?* 02& *%%,$2('+2 >,%V2(+2D
O2(F*'0 *'5?>'0#(d ; ; ; ;
6#(2(F*'0(-' *#>#$?)2'( >#,2(0'/ *'5?>'0#( 0#,/'$'> EO46 $'( 0#,+#)#(FF','(-' )%*'*',-' >#,#(U'(''(G O2& .'5?>'0#( 0#,5#(0?*G .#+#>'*'0'( >#,2(0'/ *'5?>'0#( '0'? *#>?0?+'( 5?>'02 5#,*'20'( 0#,W?P?$(-' *%&20( +?&5#, $'-' $',2 *'(0%, *'5?>'0#(G 6#&>?(-'2 $%*?( +0,'0#F2 >#(F#)%)''( >,%F,'& EO46D
O2(F*'0 *#U'&'0'(d ; ; ;
96:
J%*'*',-' *2U*;%MM >#,#(U'(''( *#U'&'0'( $2)'*+'('*'(G L#+' EO46 ".146 0#,>2)2/G b&>'0 $?+?( >#,$#+' 0#,>2)2/ ?(0?* $2)'*?*'( >#&2U?'( 'W') EO46D
D,#$#81"%"# 1,.;%;M"# &"#$%"&$
96:65 D,#$#81"%"# 1"@"&$%"& .$C"#8 !(+/ C"# @-)?)&$ @"&1" @,?$J;"# "6
>,8$"%"#
E#,'(F*'2'( *#F2'0'( >#)'02/'( -'(F $2>#,)?*'( ?(0?* (2&5?)*'( >#(2(F*'0'( *#5?0?/'( +'(20'+2G +')'/ +'0?(-' '$')'/ >#)'02/'( >#&2U?'( EO46D "#)'02/'( 2(2 $2&'*+?$*'( ?(0?* &5#,2*'( >#&'/'&'( $'( *#0,'&>2)'( 0#('F' *#+#/'0'(G >#0?F'+ +'(20'+2 "?+*#+&'+ $'( *'$#, $#+' 7>,%&%0%, *#+#/'0'(8 0#(0'(F >#&2U?'( EO46D "#)'02/'( 0#,$2,2 $',2 I 02(F*'0'(G -'20?d ; ; ;
O,'2(2(F %M O,'2(#,+ 7ONO8 $22*?02 %)#/ >#,?F'+ $',2 $2('+ *#+#/'0'( *'5?>'0#( $'( $2('+ *#+#/'0'( >,%V2(+2G "#)'02/'( 02& >#&2U?'( EO46 >?+*#+&'+ 70#('F' +'(20'+2 >?+*#+&'+ 2*?0 $')'& >#)'02/'( 2(28G $'( "#)'02/'( 5'F2 *'$#, $#+'D
"#(P#)'+'( ,2(F*'+ &'+2(F;&'+2(F >#)'02/'( +#5'F2 5#,2*?0d
; BA ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
Q,#$&
"#)'02/
(-"$#$#8 D,?$J;"# !(+/ ."8$ %$? D;&1,&?"&
(N( W"&$*$%"%)- !(+/
L%+#( "%)20#*(2* .#+)2(F -'(F >#,('/ $2)'02/ >#&2U?'( EO46G M'+2)20'0%, +#(2%, L2,#*0%,'0 "#(-#/'0'( J2(F*?(F'( '0'? $',2 %,F'(2+'+2 &20,' +#>#,02 ]E"G "J:aG QEL" $))D @ %,'(F $',2 $2('+ *#+#/'0'( *'5?>'0#(
B %,'(F $',2 *'(0%, *#U'&'0'(
@ %,'(F *'$#,Z52$'( $#+' '0'? *%&52('+2
@ %,'(F $',2 $2('+ *#+#/'0'( >,%V2(+2
I %,'(F $',2 >?+*#+&'+
B %,'(F >#0?F'+ *'(0%, $#+'
@DXBB 7B S K[[ *#U'&'0'(8j 7I S RAK >?+*#+&'+8
KDTAA 7@ *'$#,+Z52$'( S BDXAA $#+' j B +0'M *'(0%, $#+' S BDXAA $#+'8
"#+#,0'
O%0') 0',F#0 >#+#,0'
.?,2*?)?& ^?&)'/ P'& >#)'P','(
(-"$#$#8 D,?$J;"# !(+/ ."8$ %$? C,&"
BCA i@ SBB >,%V2(+2 j @SXK *'5?>'0#(k
.?,2*?)?& $'( &%$?) >#)'02/'( EO46 0#,'*,#$20'+2 7.#(*#+G @ABK8 KA P'& '0'? C /',2 *#,P'
K /',2 *#,P'
K /',2 *#,P'
"#+#,0' >#, *#)'+
@A
IA
IA
O%0') ^?&)'/ *#)'+
T
TR
BXA
^?&)'/ 6O $2>#,)?*'(
T
TR
BXA
^?&)'/ e'+2)20'0%, $2>#,)?*'(
BX
BRK
I@A
•
-0&6'6'1 $F -0&6'"0+ 7ONO8d "#+#,0' ONO '$')'/ @ %,'(F $',2 $2('+ *#+#/'0'( *'5?>'0#( $'( @ %,'(F $',2 $2('+ *#+#/'0'( >,%V2(+2 $#(F'( >#,+-','0'( +#5'F'2 5#,2*?0d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d B8 E4E @8 6#(U?U2 0'(F'( >'*'2 +'5?( I8 "#(F#)%)''( :2, 62(?& $'( 6'*'('( =?&'/ O'(FF' 7":66;=O8g K8 "#(F'&'('( E'&>'/ =?&'/ O'(FF' 7"E; =O8g $'( C8 "#(F'&'('( J2&5'/ 9'2, =?&'/ O'(FF' 7"J9;=O8D Q(0?* (-'&>'2*'( *#+#)?,?/'( $2>#,)?*'( W'*0? CA P'&D "#)'*+'(''( ONO '*'( $2)'*?*'( %)#/ 6'+0#, O,'2(#, 76O8 02(F*'0 a'02%(')D "#)'02/ '$')'/ L%+#( "%)20#*(2* -'(F 0#)'/ (#,2&' >#)'02/'( EO46G M'+2)20'0%, +#(2%, $',2 L2,#*0%,'0 "#(-#/'0'( J2(F*?(F'(G '0'? M'+2)20'0%, +#(2%, $',2 &20,' +'(20'+2 )'2( +#>#,02 ]E"G "J:a $'( QEL" $))D ONO 2(2 ,#(U'('(-' '*'( $2'$'*'( T *#)'+ $#(F'( @A >#+#,0' ?(0?* +#02'> *#)'+G +#/2(FF' ,)?*'( T 6O+D e'+2)20'0%, >#)'02/'( $',2 L2,#*0%,'0 .#+#/'0'( J2(F*?(F'(G 620,' '0'? *%(+?)0'( 2($2V2$?G #('& 5#)'+ M'+2)20'0%, $2>#,)?*'(D ; BB ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
•
•
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
:$' $?' P#(2+ #V')?'+2 0#,/'$'> *#F2'0'( >#)'02/'(G #V')?'+2 0#,/'$'> >#+#,0' $'( #V')?'+2 0#,/'$'> M'+2)20'0%,D bV')?'+2 ?(0?* >#+#,0' )2>?02d 7'8 >,' $'( >'+*' 0#+G 758 &>#,+2'>*'( 'F#($'G %$# $'( 0?P?'( +#02'> +#+2 >#)'02/'(G 7U8 (?(P?**'( 5'F'2&'(' (P'$2 M'+2)20%,Z5#,&'2( >#,'( 7P?F' $2*#(') +#5'F'2 %6D0$4"&D36'18
.6
7;"-"# 1,8$"%"#
^?&)'/ %,'(F -'(F (F2*?02 >#)'02/'( $2 02(F*'0 .'5?>'0#(G .#U'&'0'( $'( L#+' $20'&>2)*'( $2 $')'& 0'5#) 5#,2*?0D
Q;?*"M @,*"%$M"#K @,&,-%" C"# <;?*"M C,&" C$@$J; @,- @-)G$#&$ Q;?*"M @,&,-%" @,*"%$M"# X)-"#8U D-)G$#&$
Q;?*"M 1".;@"%,#
Q;?*"M D;&1,&?"&
Q;?*"M C,&"
(N(
D,*"%$M"# @,?$J;"# !(+/
D-)G$#&$Y 1".;@"%,#
D;&1,&?"&
2,&"S
E?&'0,' E#)'0'(
C
KR
BKB
B@
BRB
K@I
.')2&'(0'( 4','0
[
RA
@BA
@A
@XK
XIA
.')2&'(0'( O#(F'/
T
RC
@@C
BT
@RB
XRC
^'W' 4','0
R
BAT
@BX
BX
KAT
XKT
^'W' O2&?,
C
XC
BIA
B@
@KC
I[A
aO4
T
[@
BTK
BT
IKA
CC@
aOO
[
BAI
@AX
@A
ITR
XBT
E?)'W#+2 Q0','
I
@T
CX
T
BA[
BXT
1%,%(0')%
K
II
XX
BA
B@B
B[T
E?)'W#+2 4','0
I
II
XX
T
B@@
B[T
6')?*?
I
CA
BAA
T
BRI
IAA
HB
=ZB
5HZZ
5EZ
:6H55
B6AZZ
()%"*
S9'0'0'( \ $2 02(F*'0 $#+' K $?+?( '*'( $2>2)2/ ?(0?* >#&2U?'( EO46 $'( '(FF%0' 02& >#&2U?'( '*'( 5#,'+') $',2 K $?+?( 0#,+#5?0D SS 9'0'0'( \ KGTAA >#+#,0' >#)'02/'( 02(F*'0 $#+'G 0#,$2,2 $',2 I %,'(F >#+#,0' >#, $#+' $',2 BGXAA $#+' 0',F#0 P?&)'/ ?(0?* 52$'(F +'(20'+2 $'( /2F2#(#D
; B@ ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
96:6: D,*"1&"#""# @,?$J;"# C"# @-)?)&$ @"&1" @,?$J;"# "6
>,8$"%"#
.%&>%(#( >#(2(F*'0'( *#5?0?/'( +'(20'+2 ,?>'*'( ?>'-' +2+0#&'02+ ?(0?* &>#,%)#/ >#,?5'/'( >#,2)'*? +'(20'+2 $'( /2F2#(# $#(F'( )'*?*'( *#F2'0'(;*#F2'0'( 5#,2*?0d B8
@8 I8 K8 C8 X8 R8
",';&2U?'(d )'*?*'( >#(2)'2'( 'W') *%($2+2 $#+'D "#(2)'2'( 0#,+#5?0 $2)'*+'('*'( +#5#)?& )'*+'('*'( 'U',' >#&2U?'(D L')'& >#(2)'2'( 'W') $2/','>*'( '*'( (F/'+2)*'( 2(M%,&'+2 +#5'F'2 5#,2*?0d $'M0', *#)?',F' $'( +0'0?+ +'(20'+2g >#,*#&5'(F'( +'(20'+2 $'( /2F2#(# $#+'g F#%)%F2 *#U'&'0'(g >#0' -'(F +#+?'2g >,%M2) $'( *'>'+20'+ 52$'(F ?+'/' 52+(2+g *#>#&2&>2('( $'( %,'(F;%,'(F 5#,>#(F',?/d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
!"#$%&'( "#&2U?'( '$')'/ >#,0#&?'( $#(F'( &'+-','*'0 +#)'&' +#0#(F'/ /',2G $2M'+2)20'+2 %)#/ 02& >#&2U? $#+' 0#,$2,2 $',2 )2&' 7C8 %,'(Fd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
"#,'('( 5#,5'F'2 '*0%, +#)'&' >#&2U?'( '$')'/ +#5'F'2 5#,2*?0d
! ! !
.'$#, $#+'d )'*?*'( >#&2U?'( $'( ($'&>2(F2 &'+-','*'0 &5?'0 P'&5'(G E'(20',2'(d )'*?*'( '$V%*'+2 *#>'$' *#>')' $#+'G ($?*?(F *'$#, )'*?*'( >#&2U?'(G ($'&>2(F2 *'$#, >'+*' >#&2U?'( $'( (-2'>*'( >2)2/'( 0#*(%)%F2G 42$'( $#+'d &5'(0? +'(20',2'( )'*?*'( '$V%*'+2 *#>'$' *#>')' $#+'G &5'0? +#)'&' >#&2U?'( $'( +#)'&' >'+*' >#&2U?'(D E#)'&' >#&2U?'( '*02M +#5'F'2 >#(F'0?, +20?'+2 )2(F*?(F'(G '*02M (-'$',*'( 25? /'&2) 0#(0'(F >#,)?(-' P'&5'( >'$' W'*0? >#,0#&?'( $2
C
69: <($%(#+2' 0#)'/ ('($'0'(F'(2 *%(0,'* $#(F'( <6: ]%,)$ H#')0/ ?(0?* )'*+'('*'( *#F2'0'( +#5'F'2 5'F2'( $',2 *'&>'(-# ('+2%(') (U#F'/ +0'(02(FD
; BI ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
>%+-'($?G *?(P?(F'( ,?&'/G &5'(0? *'$#, )'*?*'( >#&'(0'?'( >'+*' >#&2U?'( $'( (P'$2 '(FF%0' V#,2M2*'+2 $#+' E4ED N,'(F;%,'(F -'(F 0#)'/ 0#,>2U? '$')'/ ,#*' -'(F +>%(0'( (P'$2 +'$', $'( 5#,+#$2' ?(0?* (F?5'/ >#,2)'*?D .,20#,2' ?(0?* %,'(F;%,'(F -'(F h0#,>2U?h -'20? *#02*' ,#*' (-'0'*'( *#+#$2''( ?(0?* 5#,?5'/ $'( 02$'* )'*?*'( 5?'(F '2, 5#+', +#&5','(F'( )'F2 $'( 5#,P'(P2 '*'( &5'(F?( P'&5'( $')'& P'(F*' W'*0? 0#,0#(0?G -'(F 52+' $')'& /20?(F'( /',2G &2(FF? '0'? 5?)'(D 42'+'(-' ,#*' 2(2 ,?>'*'( >#)%>%, -'(F 52+' $2+#5?0 +#5'F'2 _ *+'#,$-( `G ,#*' 5#,>%0#(+2 (P'$2 >#&2&>2( ')'&2'/ '0'? >#&2&>2( 2(M%,&') (?P? $#+' E4ED
"#)'*+'(''( >#&2U?'( (F2*?02 )'(F*'/ +#5'F'2 5#,2*?0d B8
@8
I8 K8
C8 X8
R8
T8
[8
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`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
X
E#)'&' $2+*?+2G +'(20',2'( Z *'$#, '*'( ('(-'*'( *#>'$' &'+-','*'0G hE2'>' -'(F '*'( 4b=Q4:HG $'( 02$'* '*'( )'*?*'( 5?'(F '2, 5#+', +#&5','(F'( $'( '*'( &5'(F?( P'& 5'(hD 6#(F'(F*'0 0'(F'( '$')'/ 2($2*'0%, 5'/W' -'(F 5#,+'(F*?0'( &>?(-'2 *#&'?'( $'( *%&20( ?(0?* 5#,?5'/D .#02*' +#+#%,'(F (F'(F*'0 0'(F'(G ('($'*'( 2' Z $2' 2(F2( 5#,?5'/G M'+2)20'0%, &2(0' >#+#,0' &5#,2*'( 0#>?* 0'(F'( /'(F'0D
; BK ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
BA8
BB8
*#>')' $#+'G >#&2&>2( 2(M%,&') $'( *#>')' $?+?(Z=]D O?P?'( $',2 >#,0#&?'( 2(2 '$')'/ ?(0?* &5?'0 =#(U'(' :*+2 &'+2(F;&'+2(F $?+?( $'( &5#(0?* *%&20# &'+-','*'0D "'(202' -'(F $2+#5?0 hO2& "#&5#,'(0'+ L?+?( 4:4Eh ?(0?* 02(F*'0 $?+?( $'( +#*')2F?+ &5#(0?* hO2& "#&5#,'(0'+ 4:4E O2(F*'0 L#+' h ?(0?* (P'$2*'( $#+' E4ED O2& "#&5#,'(0'+ 4:4E L?+?( 5#*#,P' $2 $?+?(Z=] ,#*' $'( O2& "#&5#,'(0'+ 4:4E L#+' 5#*#,P' $25'(0? O2& "#&2U? EO46 L#+'G .'$#, $'( O2& "#&2U? L#+' 5#,+'&' $#(F'( $?*?(F'( O2& "#&5#,'(0'+ 4:4E L#+' &2U? $?+?( +#)#52/(-' +'&>'2 (P'$2 NLeG ,#*' 52+' 5#,5'F2 >#(F')'&'( $'( (?(P?**'( &'(M''0 /2$?> $2)%*'+2 -'(F +?$'/ E4EG L20',F#0*'( $')'& W'*0? +'0? 0'/?(G $#+' -'(F +?$'/ $2>2U? '*'( (P'$2 $#+' E4EG &'+-','*'0 02$'* '$' )'F2 -'(F 4:4 E#&5','(F'(D
"#(F')'&'( (?(P?**'( 5'/W' >',' *'$#, 7>,%&%0%, *#+#/'0'(8 5#*#,P' +#U',' +?*',#)' ?(0?* &'+-','*'0(-'G $#&2*2'( >?)' >'$' W'*0? ,#*' )'*?*'( >#&2U?'(G ,#*' 02$'* &>#,%)#/ >#&5'-','(D ",%-#* /'(-' '*'( (FF'(02 52'-' 0,'(+>%, >'$' +''0 ,#*' )'*?*'( >#&2U?'( $'( (F?(P?(F2 &'+-','*'0 ?(0?* )'*?*'( >#($'&>2(F'( +''0 >'+*' >#&2U?'( 'F', &'+-','*'0 &'? &5'(F?( P'&5'(D :F#( >#,?5'/'( $#+' '$')'/ +#+#%,'(F $',2 $?+?( -'(F 0#)'/ $2>2U?G -'(F '*'( &'? 5#,?5'/ $'( 02$'* )'*?*'( 5?'(F '2, 5#+', +#&5','(F'(D L')'& >,%+#+ >#&2U?'( ?&?&(-' &?(U?) $?' '0'? 02F' %,'(F 0#,>2U?G 52'+'(-' ,#*' +#U',' +?*',#)' '*'( 5#,+#$2' &5#(0?* >'(202' &'+-','*'0D "'(202' &'+-','*'0 '*'( &5?'0 ,#(U'(' '*+2 ?(0?* &5?'0 $?+?( ,#*' 5#5'+ $',2 5?'(F '2, 5#+', +#&5','(F'(
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d
! !
!
! !
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
; BC ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
!
!
!
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
"#,'( 5#,5'F'2 >#)'*? +#)'&' >'+*' >#&2U?'( $2P#)'+*'( +#5'F'2 5#,2*?0d
! !
!
!
!
!
!
!
.'$#, L#+'d )'*?*'( >#($'&>2(F'( &'+-','*'0 $#(F'( )'*?*'( >#&'(0'?'(G '$V%*'+2 $')'& ,'(F*' >#&5'(F?('( M'+2)20'+ U?U2 0'(F'( $2 P'&5'(G E'(20',2'(d +#)')? )'*?*'( '$V%*'+2 *# *#>')' $#+' Z +#*%)'/G >#($'&>2(F'( *'$#, +#)'&' >'+*';>#&2U?'( $'( &5#,2*'( >2)2/'( 0#*(%)%F2 -'(F 0#>'0G (F/?5?(F*'( &'+-','*'0 $#(F'( >#(F?+'/' +'(20'+2 $'( Z '0'? )#&5'F' *,#$20 &2*,%G )'*?*'( V#,2M2*'+2 *#)?',F' E4E $'( >#)'>%,'(G &5'(0? >#&2&>2( $#+' $'( ?>'U',' $#*)','+2 E4EG "#0?F'+ F232d 5#*#,P' +'&' $#(F'( +'(20',2'( )'*?*'( *?(P?(F'( ,?&'/ '0'? )'>'(F'( &5#,2 >#($2$2*'( 0#(0'(F >#,5'2*'( >#,2)'*? F232 (F*'20*'( $#(F'( *#F2'0'( >#&2U?'( EO46G 42$'( L#+'d (P'$2 >#(F/?5?(F 'W') $'( &5'(0? +'(20',2'( )'*?*'( '$V%*'+2 *#>'$' *#>')' $#+'Z+#*%)'/G &5'(0? *'$#, $'( +'(20',2'( ?(0?* &%02V'+2 &'+-','*'0 &5'(F?( P'&5'( -'(F $2)#(F*'>2 $#(F'( M'+2)20'+ U?U2 0'(F'(G (-'$',*'( +#U',' '*02M 0#(0'(F EO46 *#>'$' 25?;25? /'&2) $2 >%+-'($?G )'*?*'( *?(P?(F'( ,?&'/ $'( &5'(0? >',' *'$#, )'*?*'( >#&'(0'?'( >'+*' >#&2U?'(G $'( (P'$2 '(FF%0' V#,2M2*'+2 E4EG O2& "#&2U?'( L#+'d (F'0?, >#&2U?'( *#>'$' $?+?( -'(F 02$'* (#,2&' &2U?'( 'W')G )'*?*'( *?(P?(F'( $?+?( $2 $#+'(-' -'(F 5#)?& E4EG )'*?*'( '$V%*'+2 *#>'$' >2&>2('( $?+?( $'( (F'P'* &5'(F?( P'&5'( $#(F'( M'+2)20'+ U?U2 0'(F'( $'( &5'(0? V#,2M2*'+2 E4EG .#>')' $#+'d /',?+ (P'$2 >#(F/?5?(F 'W') $'( (#F'**'( '0?,'(;'0?,'( E4E -'(F $2+#>'*'02 +#)'&' >#&2U?'(G (F'$'*'( 'U',' >#,0#&?'( $#(F'( &'+-','*'0 $')'& >,%&%+2 E4EG $'( (F?($'(F W2,'?+'/' +'(20'+2 ?(0?* ('W',*'( P'+' $'( 5'(F?('( P'&5'( $#(F'( M'+2)20'+ U?U2 0'(F'( *#>'$' &'+-','*'0G (F/?5?(F*'( '(FF%0' &'+-','*'0 $#(F'( )#&5'F';)#&5'F' *,#$20 &2*,%G (F'0?, $#*)','+2 $'( ?>'U',' E4E $#(F'( >#&2&>2( >#,2(0'/'( +#,0' +'(20',2'(G .#)?',F' E4E $'( +2+W' +#*%)'/ E4Ed E#*%)'/ $'( F?,? +#*%)'/ $'>'0 &>#(F',?/2 >#,2)'*? +'(20'+2 %,'(F 0?' )')?2 +2+W' $')'& >#(F'&52)'( *#>?0?+'(D .#02*' +#*%)'/ $2>2U?G '('*;'('* 52+' (P'$2 +?*',#)'W'( ?(0?* 5#,>#,'( '*02M $')'& &'+-','*'0D ]2,'?+'/' E'(20'+2d 0?*'(F 5'0?G >#(P?') U#0'*'( P'&5'(G 0?*'(F *'-? $'( )'2(;)'2( >#)'*? +#*0%, +W'+0' $'>'0 (-#$2'*'( P'&5'( &?,'/ -'(F 0#,P'(F*'?G M'+2)20'+ U?U2 0'(F'( $'( ; BX ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
+%)?+2 >#&5?'(F'( '2, )2&5'/D <$#')(-' $#(F'( *#&'&>?'( &'+',*'( 5','(F $'( P'+'G ,#*' $'>'0 5#*#,P' +#U',' #M#*02MD 42+' P?F' ('W',*'( *,#$20 '0'? ,#(U'(' >#&5'-','( -'(F (',2*G J#&5'F' *,#$20 &2*,%d (-#$2'*'( &%$#) */?+?+ >2(P'&'( /#&'0 '0'? >2(P'&'( >#)?'(F )'2( -'(F &?(F*2(*'( *#)?',F' ?(0?* 52+' &5#)2 >,%$?* +'(20'+2 -'(F $2>#,)?*'( ?(0?* (P'$2*'( ,#*' *#)?',F' E4ED
!
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d B8 "#,2)'*? (U?U2 -'(F'( >'*'2 +'5?( $'( '2, 5#,+2/G @8 6#(-#$2'*'( M'+2)20'+ U?U2 0'(F'( $#(F'( '2, (F')2, $'( +#)')? 0#,+#$2' +'5?(D "#&2U?'( $'( >,%&%+2 U?U2 0'(F'( >'*'2 +'5?( '*'( $2)'*?*'( +#0#)'/ >#,*#&5'(F'( >#,0'&5'/'( &'+-','*'0 -'(F 02$'* 4:4 +#&5','(F'( *#)2/'0'( 5#,&'*('D
.6
7;"-"# 1,8$"%"#
J?','( *#F2'0'( -'(F $2/','>*'( 5#,?>' P?&)'/ $#+' -'(F '*'( $2>2U? $'>'0 $2)2/'0 >'$' 0'5)# 5#,2*?0d Q;?*"M @;&1,&?"&
("-8,% C,&" 0"#8 C$@$J;S
Q;?*"M C;&;# 0"#8 "1"# C$@$J;SS
C [ T R C T [ I K I I
KR RA RC BAT XC [@ BAI @T II II CA
BKB @BA @@C @BX BIA BTK @AX CX XX XX BAA
CXK TKA [AA TXK C@A RIX T@K @@K @XK @XK KAA
HB
=ZB
56HZZ
H6BZZ
Q;?*"M 1".;@"%,#
E?&'0#,' E#)'0'( .')2&'(0'( 4','0 .')2&'(0'( O#(F'/ ^'W' 4','0 ^'W' O2&?, aO4 aOO E?)'W#+2 Q0',' 1%,%(0')% E?)'W#+2 4','0 6')?*? ()%"*
D-)G$#&$
*'0'0'(7
G!"%6D=&' ,-./ #&' #6)&'H=4*&' #"'1&' *"16&4&' @&+*& @"%6D=&' &*&' #6)&*=*&' #6 IJKLL #"+& +")&%& M 4&3='J 9&'1 %"'1&D= *"@& 3&) 8"06*=4N
; BR ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
!
>6 !0$?6'+6 ,=%&4"0& ,")&4&'J 2&)6%&'4&' .&0&4J #&' 2&)6%&'4&' -"'1&3J 0&4&B0&4& H=%)&3 #"+& 9&'1 &*&' #6@6D= +"8&'9&* M #"+& @"0 @=+*"+%&+J >6 @0$?6'+6 9&'1 )&6'J 0&4&B0&4& H=%)&3 #"+& 9&'1 &*&' #6@6D= +"8&'9&* O #"+& @"0 @=+*"+%&+J
!
>"'1&' D&4&4&'J +"46&@ #"+& &*&' #6)&*=*&' @"%6D=&' #6 P #=+='QR
!
4"0H ,., #6+")=0=3 #"+&S
969
D,#0,C$""# &;@*"$ &"#$%"&$
"6
>,8$"%"#
"#(2(F*'0'( &'+-','*'0 *# '*+#+ +'(20'+2 +'(F'0 >#(02(F $2>,2%,20'+*'( (2(F*'0*'( $'( &>#,U#>'0 >#(-#$2''( '*+#+ P'+' )'-'('( +'(20'+2 $'( &'0#,2')G $#(F'( $#&2*2'( ,?>'*'( *#+#&>'0'( &5?*' $'( (F#&5'(F*'( >'+', +'(20'+2G 0#,&'+?*d B8 @8 I8
K8
C8
X8
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
!"8'0$+'( 9$:'&.'+' .'($0'.$ L')'& ,'(F*' &>#,*?'0 +2+2 >'+%*'( +?>)'2 +'(20'+2 $'( ?(0?* (2(F*'0*'( '*+#+ &'+-','*'0 0#,/'$'> +'(20'+2G >#)'02/'( W2,'?+'/' +'(20'+2 $2'(FF'> +'(F'0 >#(02(FD ",%F,'& )'2( +#>#,02 ",%F,'& E'(20'+2 6'+-','*'0 7"'&+2&'+8G ]E" $'( :+%+2'+2 "#(F?+'/' E'(20'+2 7:""E:a<8 0#)'/ )'*?*'( >#)'02/'( W2,'?+'/' +'(20'+2D L')'& +#5?'/ )%*'*',-' >'$' 0'(FF') @[ :>,2) @ABCG 5#,+'&' ]E"G "J:aG f'-'+'( L2'( L#+' $'( :""E:a#+#,0' 0#)'/ (F2*?02 >#)'02/'( W2,'?+'/' +'(20'+2G W')'?>?( /'(-' @XC -'(F +#*','(F '*02M $'( 5'/*'( )#52/ +#$2*20 -'(F +?*+#+ $2 52$'(F W2,'?+'/' +'(20'+2D "#(-#5'5 ?0'&' $',2 *%($2+2 2(2 0#,?0'&' $22($2*'+2*'( *',#(' *#)#&'/'( $')'& ($'>'0*'( U')%( >#+#,0' >#)'02/'( '0'? >,%+#+ +#)#*+2 >#+#,0' 7)2>?02 >#,+-','0'( $'( *'(2+ +#)#*+28D 4#,$'+',*'( >#(F')'&'( ]E" $'( :""E:a< $2 '0'+G 69:;<($%(#+2' $2+','(*'( ?(0?* +#)#*02M $')'& ,#*,?0 >#+#,0' >#)'02/'( W2,'?+'/' +'(20'+2D .,20#,2' -'(F $20#0'>*'( %)#/ 69:;<($%(#+2' '$')'/ +#5'F'25#,2*?0d •
• • •
E#%,'(F -'(F 0#)'/ (?(P?**'( *#0,'&>2)'( +#5'F'2 W2,'?+'/'G $20?(P?*'( %)#/ *#F2'0'(-' -'(F &'&>? ,#+>%( '$'(-' >#)?'(F >'+',G E#%,'(F -'(F (-'0'*'( 5#,&2('0 (P'$2 W2,'?+'/' +'(20'+2 -'(F '*02MG E#+#%,'(F '0'? *#)%&>%* -'(F $2,#*%($'+2 %)#/ >?+*#+&'+ '0'? $2('+ *#+#/'0'(G E#+#%,'(F $#(F'( *#0,'&>2)'( $'( -'(F +#$'(F (P')'(*'( 5?+(2+ +#>#,02 >#&2)2* 0%*% &'0#,2') 5'(F?('(G 0#*(2+2 0,'&>2)G $'( >#,?+'/''( 0#*(2*G ; BT ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
• • •
E#%,'(F -'(F 5#,$%&2+2)2 $2 $'#,'/ >,%-#*G N,'(F -'(F 5#,+#$2' (F2*?02 )'02/'( +#U',' >#(?/G E#%,'(F -'(F 0#)'/ (F2+2 )#(F*'> )'&','( (P'$2 >#+#,0' $'( )?)?+ 0#+D
^?&)'/ >#+#,0' -'(F '*'( (F2*?02 >#)'02/'( W2,'?+'/' '$')'/ K[[ %,'(F '0'? +'0? >#+#,0' >#, *#U'&'0'(D 6'+0#, O,'2(#, ?(0?* >#)'02/'( 2(2 '$')'/ M'+2)20'0%, +#(2%, $',2 L2,#*0%,'0 "#(-#/'0'( J2(F*?(F'( '0'? $',2 620,' '0'? '+%+2'+2D 6'+0#, O,'2(#, '$')'/ %,'(F -'(Fd 7B8 (F#0'/?2 ",%F,'& EO46G 7@8 (F#0'/?2 &'0#,2 >#)'02/'(G 7I8 ($'>'0 >#)'02/'( ONO W2,'?+'/' +'(20'+2 '0'? >#)'02/'( ONO )'2((-'D 4#5#,'>' M'+2)20'0%, 0#,&'+?* >#)'*? W2,'?+'/' +'(20'+2 '*'( ($?*?(F >#)'02/'(D "#)'02/'( 2(2 $2,#(U'('*'( '*'( $2'$'*'( $#(F'( IA >#+#,0' ?(0?* +#02'> *#)'+G P?&)'/ +#&?' BR *#)'+G +#/2(FF' >#,)? BR 6O+D e'+2)20'0%, >#)'02/'( $',2 L2,#*0%,'0 "#(-#/'0'( J2(F*?(F'(G L2('+ .#+#/'0'( ",%V2(+2G 620,' '0'? 2($2V2$?G $#(F'( #+02&'+2 $25?0?/*'( IK M'+2)20'0%,D 6%$?) >#)'02/'( (FF?('*'( *?,2*?)?& -'(F $20#0'>*'( %)#/ .#(0#,2'( .#+#/'0'(G >#)'02/'( 2(2 (F?,'(F2 P?&)'/ P'& >#)'P','( KX (P'$2 IA P'&D "#(?,?('( &'0#,2 >#)'02/'( $2&'*+?$*'( ?(0?* (-#+?'2*'( $#(F'( >,%F,'& ".146D 6'0#,2 >#)'02/'( )2>?02d *%(+#> $'+', EO46g &%02V'+2 *#W2,'?+'/''( +'(20'+2g *%(+#> $'+', >#&'+','( >,%$?* $'( P'+' +'(20'+2g P',2(F'( ?(0?* &'+',*'( >,%$?* $'( P'+' EO46g >,%$?* $'( P'+' EO46g >,%+#+ >,%$?*+2 ?(0?* >,%$?* $'( P'+' 7&2+')(-' P'&5'( +#/'08 EO46g *%&?(2*'+2 $'( 0#*(2* >,#+#(0'+2 ?(0?* >,%$?* $'( P'+' EO46g >,'*02* >#(P?')'( $'( >,%$?*+2g '$&2(2+0,'+2 >#&5?*?'( $'( &'('P#( *#?'(F'( +#$#,/'('g ,#(U'(' 52+(2+g >#&'(0'?'( $'( #V')?'+2 ?(0?* >#(F?+'/' +'(20'+2g 4?2)$2(F J#',(2(F .%&20( 74J98g $'( ,#(U'(' 02($'* )'(P?0 7=OJ8D
!"(;'#,$(2'( 9$:'&.'+' .'($0'.$ E#0#)'/ (F2*?02 >#)'02/'( W2,'?+'/' +'(20'+2G >#(F?+'/' +'(20'+2 '*'( &>#,%)#/ >'($?'( )#52/ )'(P?0 ?(0?* (F#&5'(F*'( 52+(2+ ,#*'G $'( $#(F'( $#&2*2'( >#($'&>2(F'( '*'( $25#,2*'( *#>'$' >#(F?+'/' 0#,+#5?0D O?P?'( >#($'&>2(F'( '$')'/ +#5'F'2 5#,2*?0d •
•
•
6#(F2$#(02M2*'+2 >#)?'(F -'(F $2/'$'>2 %)#/ W2,'?+'/' +'(20'+2 $'( (-#$2'*'( *#&?(F*2('( >#(-#)#+'2'(G 6#&5'(0? >',' W2,'?+'/' 0#,)'02/ $')'& (F#&5'(F*'( P'P',2(F '(0', W2,'?+'/' $'( $#(F'( )#&5'F' *#?'(F'( -'(F $'>'0 &5'(0? W2,'?+'/' ?(0?* (F#&5'(F*'( ?+'/'(-'G 4#,5'F2 >#(F')'&'( >#&5#)'P','( '(0',' W2,'?+'/' +'(20'+2D
N,F'(2+'+2 )'2( 7:""E:a#,2(0'/ $'#,'/G $))8 52+' (P'$2 (0%, ,#*' -'(F 0#)'/ 5#*#,P' $#(F'( $'(' ,#*' +#($2,2D 69:;< '*'( (F'P'* %,F'(2+'+2 )'2( ?(0?* )'*?*'( >#($'&>2(F'( >#(F?+'/' +'(20'+2G $#(F'( (-#$2'*'( 52'-' 0,'(+>%,0'+2 ,#*'D .#F2'0'( >#($'&>2(F'( 2(2 /',?+ $2*%%,$2('+2*'( %)#/ L2('+ .#+#/'0'(D
.6
7;"-"# 1,8$"%"#
E#U',' ?&?& )?','( *#F2'0'( +?>)'2 EO46 '$')'/ +#5'F'2 5#,2*?0d
!
O#,+#$2'(-' >#U'/'( &'+')'/ +'(20'+2 5'F2 *#)?',F' -'(F 0#,P'(F*'? $'( #M#*02MG
!
"#)'02/'( W2,'?+'/' +'(20'+2 $2)'*+'('*'( $'( (F/'+2)*'( K[[ W2,'?+'/' +'(20'+2G
!
L?*?(F'( 5#,*#)'(P?0'( *#>'$' W2,'?+'/' +#0#&>'0D O#,&'+?* $?*?(F'( ?(0?* &>#,+2'>*'( &'0#,2 >#&'+','(G *'(2+ >#&52'-''( $'( *#+#>'*'0'( $#(F'( )#&5'F' ; B[ ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
>#&52'-''( )%*') $'( $?*?(F'( >'$' >2)2/'( 0#*(%)%F2 +'(20'+2 7(?P? +?>)'2 +'(20'+2 -'(F 0#,P'(F*'?8D
!
E#02$'*(-' +'0? >#(F?+'/' +'(20'+2 >#, *#U'&'0'( '*'( '*02M $')'& (-#$2'*'( >2)2/'( 0#*(%)%F2 +'(20'+2 0#,&'+?* P'&5'(G M'+2)20'+ U?U2 0'(F'(G $'( +','(' >#&5?'(F'( '2, )2&5'/
; @A ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
B6 >))-C$#"&$ C"# D,?.,*"<"-"#
B65
>))-C$#"&$
"6 >,8$"%"# "#)'*+'(''( EO46 ,)?*'( $?*?(F'( $'( *%%,$2('+2 -'(F 5'2* $2 '(0',' >#&'(F*? *#>#(02(F'(D .%%,$2('+2 ,?>'*'( /') >#(02(F -'(F /',?+ $2)'*+'('*'( %)#/ +#*0%, *#+#/'0'( *#>'$' +#&?' >#&'(F*? *#>#(02(F'( 0#,*'20 $2 5#,5'F'2 02(F*'0'( >#,2(0'/D 69: <($%(#+2' &M'+2)20'+2 $'( ($?*?(F >#)'*+'(''( *#F2'0'( *%%,$2('+2 -'(F $2>#,)?*'( -'(F $22*?02 %)#/ >#&'(F*? *#>#(02(F'( 0#,*'20 $2 +#&?' 02(F*'0'( >#,2(0'/ +#5'F'2&'(' $2+#5?0*'( $2 5'W'/ 2(2d B8 O2(F*'0 >?+'0d .#(0#,2'( .#+#/'0'( (F*%%,$2('+2*'( >#)'*+'(''( EO46 )')?2 )#&5'F';)#&5'F' -'(F '$' +#>#,02 "%*P' :6"JG O2& "#(F','/G O2& O#*(2+G E#*,#0',2'0 EO46 $'( 69: <($%(#+2'D @8 O2(F*'0 >,%V2(+2d .%%,$2('+2 $2 02(F*'0 >,%V2(+2 $2)'*?*'( )')?2 "%*P' :6"J ",%V2(+2D L2('+ .#+#/'0'( ",%V2(+2 +#5'F'2 )#&5'F' -'(F 5#,0'(FF?(F P'W'5 0#,/'$'> >#)'*+'(''( EO46 (-'&>'2*'( *#&'P?'( -'(F 0#,*'20 >#)'*+'(''( EO46 *# M%,?& "%*P' :6"JD .#F2'0'( 2(2 $2)'*?*'( +#0'/?( $?' *')2D I8 O2(F*'0 *'5?>'0#(d .%%,$2('+2 $2 02(F*'0 *'5?>'0#( $2)'*?*'( )')?2 "%*P' :6"JD L2('+ .#+#/'0'( .'5?>'0#( 5#,0'(FF?(F P'W'5 +#5'F'2 >#)'*+'(''( *#F2'0'( EO46 $'( (-'&>'2*'( *#&'P?'( >#)'*+'(''( EO46 *#>'$' "%*P' :6"J $'( M%,?& *#F2'0'( +%+2') *#&'+-','*'0'( $'( *#+#/'0'( )'2((-' 7U%(0%/d e%,?& .%0'Z.'5?>'0#( +#/'08D .#F2'0'( 2(2 $2)'*?*'( +#02'> 02F' 5?)'('(D K8 O2(F*'0 *#U'&'0'(d .%%,$2('+2 $2 02(F*'0 *#U'&'0'( $2)'*?*'( )')?2 M%,?& *%%,$2('+2 *#U'&'0'(D .#>')' "?+*#+&'+ +#5'F'2 %,'(F -'(F 5#,0'(FF?(F P'W'5 0#,/'$'> >#)'*+'(''( EO46 (-'&>'2*'( *#&'P?'( >#)'*+'(''( EO46 *#>'$' M%,?& *#U'&'0'( -'(F $2>2&>2( %)#/ 9'&'0D .#F2'0'( 2(2 $2)'*?*'( 02F' 5?)'('(G ('&?( ,'>'0 *%%,$2('+2 $2 02(F*'0 "?+*#+&'+ $2)'*?*'( 02'> 5?)'(D C8 O2(F*'0 $#+'d .%%,$2('+2 $2 02(F*'0 $#+' $2)'*?*'( )')?2 *%&20# -'(F $25#(0?* %)#/ &'+-','*'0 $'( (-'&>'2*'( /'+2) *#&'P?'( >#)'*+'(''( *#F2'0'( *#>'$' .#>')' L#+' $'( "?+*#+&'+D .6
7;"-"# 1,8$"%"#
J?','( *#F2'0'( -'(F $2/','>*'( $',2 *#F2'0'( *%%,$2('+2 2(2 '$')'/ +#5'F'2 5#,2*?0d
! !
E0'M ".146 +#U',' ,?02( (F/'$2,2 $'( 5#,*%(0,25?+2 *# *#F2'0'( *%%,$2('+2 $2 +#&?' 02(F*'0'( 7"?+'0G ",%V2(+2 $'( .'5?>'0#(8D L?*?(F'( 0#,?+ (#,?+ *#>'$' &'+-','*'0 $#+'D
B6:
D,?.,*"<"-"#
"6
>,8$"%"#
.#F2'0'( >#&5#)'P','( >#(02(F $2)'*?*'( ?(0?* 5#,5'F2 >#(F')'&'( $2 $')'& *#F2'0'( >#&2U?'(G >'+*' >#&2U?'(G >#&'(0'?'( $'( #V')?'+2G >',02+2>'+2 +#*0%, +W'+0'G $'( V#,2M2*'+2 E4ED .#F2'0'( ; @B ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
>#&5#)'P','( 2(2 '*'( $2)'*?*'( $')'& 5#(0?* *?(P?(F'( >#&5#)'P','( 7U%(0%/d *?(P?(F'( >#&5#)'P','( '(0', $#+' E4E $'( '(0', $#+' -'(F (?P? E4E8 $'( W%,*+/%> >#&5#)'P','(D
.6
7;"-"# 1,8$"%"#
J?','( ?0'&' $',2 *#F2'0'( >#&5#)'P','( 2(2 '$')'/ >#($%*?(0'+2'( 8"+4 @0&D46D"+ $'( 5#,5'F2 >#(F')'&'( $2'(0',' &'+-','*'0 -'(F )'*+'('*'( *#F2'0'( EO46D
; @@ ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
E6
D,?"#%";"# C"# FG"*;"&$
E65 "6
D,#$#81"%"# >"@"&$%"& C$ C"*"? D,?"#%";"# C"# FG"*;"&$ >,8$"%"#
E2+0#& "#&'(0'?'( $'( bV')?'+2 ?(0?* >#)'*+'(''( EO46 '*'( (FF?('*'( +2+0#& "#&'(0'?( $'( bV')?'+2 5#,5'+2+ W#5 -'(F '$' +''0 2(2 -'(F 0#)'/ $2*#&5'(F*'( %)#/ .#(0#,2'( .#+#/'0'(D E2+0#& 2(2 $'>'0 $2'*+#+ )')?2 WWWD+05&;2($%(#+2'D%,FZ&%(#VZD O'&>2)'( )'-', $',2 )'&'( 0#,+#5?0 $2>#,)2/'0*'( $2 F'&5', 5#,2*?0 2(2D
6#*'(2+ >#)'>%,'( "#&'(0'?'( $'( bV')?'+2 /'+2) >#)'*+'(''( EO46 $2)'*?*'( (F2*?02 ')?, +#5'F'2 5#,2*?0d B8
@8
I8
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
O?P?'( $',2 >#)'02/'( "#&'(0'?'( $'( bV')?'+2 '$')'/ ?(0?* (2(F*'0*'( >#(F#0'/?'( $'( *#0,'&>2)'( +0'M +'(20'+2 $')'& >#&'(0'?'(G >#(-2&>'('( $'( >#)'>%,'( *#F2'0'( >#&'U?'( ; @I ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
EO46D "#)'02/'( 2(2 $25'F2 *# $')'& $?' 02(F*'0'( -'20? "#)'02/'( ?(0?* "#)'02/ 7O,'2(2(F %M O,'2(#, \ ONO8 $'( "#)'02/'( ?(0?* +0'M "?+*#+&'+D
"#)'02/'( ?(0?* "#)'02/ 7O,'2(2(F %M O,'2(#,+ \ ONO8d
•
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l#,+2 0#,'*/2, $',2 6%$?) "#)'02/'( $2+?+?( %)#/ .#(0#,2'( .#+#/'0'( 0'/?( @ABKG >#(F')'&'( >#)'*+'('( *#F2'0'( EO46 -'(F $2$?*?(F %)#/ 69: <($%(#+2' $'>'0 $2F?('*'( ?(0?* >#(-#&>?,(''( 6%$?) "#)'02/'(D
"#)'02/'( ?(0?* +0'M "?+*#+&'+ "#)'02/'( '*'( $22*?02 %)#/ B %,'(F +0'M +'(20'+2 7E'(20',2'(8 $',2 +#02'> "?+*#+&'+D "#)'02/'( '*'( $2)'*?*'( +#)'&' @ /',2 $#(F'( P?&)'/ 0%0') >#+#,0' >#)'02/'( +#5'(-'* RAK %,'(FD "#)'02/'( '*'( $2)'*?*'( $')'& @I *#)'+ $#(F'( >#+#,0' 02'> *#)'+ '$')'/ IA %,'(F +#/2(FF' $2>#,)?*'( 0%0') @I 6'+0#, O,'2(#,D e'+2)20'0%, >#)'02/'( 2(2 5#,'+') $',2 L2,#*0%,'0 "#(-#/'0'( J2(F*?(F'(G 620,' '0'? M'+2)20'0%, 2($2V2$? $#(F'( >#,*2,''( *#5?0?/'( M'+2)20'0%, +#P?&)'/ KX %,'(FD 6%$?) "#)'02/'( -'(F $2F?('*'( '$')'/ 6%$?) -'(F 0#)'/ $2+?+?( %)#/ .#(0#,2'( .#+#/'0'(D
•
.6
N;%@;% 1,8$"%"#
^?&)'/ >#+#,0' >#)'02/'(G *#)'+ $'( M'+2)20'0%, ?(0?* +#02'> 02(F*'0'( "#)'02/'( $')'& $2)2/'0 $2 $')'& O'5#) 5#,2*?0d
Q;?*"M D,&,-%"K 1,*"&K C"# 3"&$*$%"%)- ;#%;1 &,%$"@ %$#81"%"# @,*"%$M"# T) B @
E6:
($#81"%"# @,*"%$M"# ONO "#&'(0'?'( $'( bV')?'+2 EO46 "#)'02/'( "#&'(0'?'( $'( bV')?'+2 EO46 ()%"*
Q;?*"M @,&,-%"
Q;?*"M 1,*"&
Q;?*"M /(
Q;?*"M W"&$*$%"%)-
RC
K
K
T
RAK
@I
@I
KX
==[
:=
:=
EB
D,*"1&"#" .#(0#,2'( .#+#/'0'( L2('+ .#+#/'0'( ",%V2(+2 \
D,*"1&"#""# 1,8$"%"# D,?"#%";"# C"# FG"*;"&$
O?P?'( *#F2'0'( "#&'(0'?'( $'( bV')?'+2 EO46 '$')'/ ?(0?* (F?*?, >#,?5'/'( -'(F 0#,P'$2 $'( (F2$#(02M2*'+2 >#&5#)'P','( +#)'&' >#)'*+'(''( >,%F,'&D E'(20',2'( $2 "?+*#+&'+ 5#,0'(FF?(F P'W'5 ?(0?* )'*+'(''( *#F2'0'( "#&'(0'?'( $'( bV')?'+2 $'( )'>%,*'((-' )')?2 ,/, 5&4"T&9 *# .#(0#,2'( .#+#/'0'(D B8 @8
"#&'(0?'( '0'+ >,%+#+ $'( *#&'P?'( >#)'*+'(''( ",%F,'&g 6#)'*?*'( *%(0,%) 0#,/'$'> *?')20'+ >#)'*+'(''( ",%F,'&g ; @K ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
I8
K8 C8 X8
6#)'*?*'( #V')?'+2 $'&>'* ?(0?* (#(0?*'( *#F2'0'( '0'? 2(0#,V#(+2 -'(F $2)'*?*'( 0#,/'$'> >#(#,2&' &'(M''0 75#(#M2U2',-8 $'( >#&'(F*? *#>#(02(F'( )'2((-' 0#)'/ (U'>'2 0?P?'( -'(F $20#0'>*'( 7$'&>'* 2(2 $2$#M2(2+2*'( +#5'F'2 E4E 02(F*'0 ,?&'/ 0'(FF' $'( L#+'8g L2('+ .#+#/'0'( ",%V2(+2 &'(0'? *2(#,P' L2('+ .#+#/'0'( .'5?>'0#( ?(0?* &'+02*'( *#5#,/'+2)'( ",%F,'&g H'+2) "#&'(0'?'( 2(2 (P'$2 5'+#)2(# ?(0?* >#,#(U'(''( *#F2'0'( EO46 0'/?( 5#,2*?0(-'g 6#(P'$2 5'/'( $'+', 5'F2 >#(F#&5'(F'( 2)&? >#(F#0'/?'(D
E2+0#& 6'('P#( <(M%,&'+2 $',2 /'+2) *#F2'0'( >#&'(0'?'( -'(F '*'( $2*#&5'(F*'( $'( $2)#&5'F'*'( $2 02(F*'0 $'#,'/ /',?+ (?/2 >,2(+2>;>,2(+2> 5#,2*?0 2(2d B8 @8 I8
K8 C8
E69
.#0#,)25'0'( &'+-','*'0 5#,+'&' $#(F'( "#,2(0'/ L'#,'/ $')'& >#)'*+'(''( *#F2'0'( >#&'(0'?'( '$')'/ +'(F'0 >#(02(Fg :*?,'+2d 2(M%,&'+2 -'(F $2+'&>'2*'( /',?+ (FF?('*'( $'0' -'(F 5#(',G '*?,'0 $'( $'>'0 $2>#,0'(FF?(FP'W'5*'(g N)#/ +#5'5 20?g *#F2'0'( >#&'(0'?'( $2)'*?*'( )')?2 +2+0#& 2(M%,&'+2 +'0? >2(0? 7 ,/, 5&4"T&9 8D "?+*#+&'+ $'( L2('+ .#+#/'0'( .'5?>'0#( 5#,0'(FF?(F P'W'5 ?(0?* &V#,2M2*'+2 $'0' $'( )'>%,*'((-' *# ",%V2(+2 $'( "?+'0g H'+2) 2(M%,&'+2 >#&'(0'?'( /',?+ 0#,+#$2' +#U#>'0(-' +#/2(FF' ?>'-' >#,5'2*'( $'>'0 $2)'*?*'( +#F#,'g Q&>'( 5')2* 7 F""#8&D* 8 '$')'/ +'(F'0 >#(02(F +#/2(FF' &'(M''0 $',2 +2+0#& >#&'(0'?'( $'( >#)'>%,'( $'>'0 $2,'+'*'( %)#/ +#&?' >#&'(F*? *#>#(02(F'( $2 +#02'> 02(F*'0'(D
],-$3$1"&$ !+!
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l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l#,2M2*'+2 $#+' NLe $2)'*?*'( %)#/ O2& l#,2M2*'+2 .#U'&'0'( -'(F 0#,$2,2 $',2 B8 >#,W'*2)'( &'+-','*'0 $',2 $#+' 0#0'(FF' 0#,$#*'0G @8 .'$#, $',2 $#+' 0#0'(FF' 0#,$#*'0G I8 E'(20',2'( $',2 "?+*#+&'+ )'2(D l#,2M2*'+2 $2)'*?*'( $#(F'( (F?(P?(F2 ,?&'/ 0'(FF' $',2 =#(U'(' .#,P' L#+' $'( &>#)'P',2 )'>%,'( *#&'P?'( >#&5'(F?('( P'&5'(D l#,2M2*'+2 ,?>'*'( >,'+-','0 ?(0?* L#*)','+2 E4ED E#02$'*(-' +'0? $#+' >#, *#U'&'0'( '*'( $2V#,2M2*'+2 ?(0?* +#02'> 0'/?((-' ?(0?* (?/2 &'($'0 $',2 .#(0#,2'( .#+#/'0'( ?(0?* +#02$'*(-' 0#,$'>'0 +'0? $#+' E4E >#, >?+*#+&'+ +#02'> 0'/?((-'D l#,2M2*'+2 ?(0?* $?+?( E4E '*'( $2)'*?*'( %)#/ O2& l#,2M2*'+2 L#+' -'(F 0#,$2,2 $',2 B8 >#,W'*2)'( &'+-','*'0 $',2 $?+?( 0#0'(FF'G @8 .'$#, $',2 $#+' 0#0'(FF'G $'( I8 E0'M "?+*#+&'+D
; @C ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
H6 /"%-$1 >,8$"%"# I$#J$ 2F!>I4D!4 >F^4O(OYDFI(4/+OT^OT DFTP4D(OOT 74T^>RT^OT `OT^ >NT2R!4W X<=>?@A=B <=CADE=F<=1 U !"(%$,0''( 8$(2/&(2'( G'(2 /-(;&.$H ;$ J 0$(2/'0 !:-I$(.$ .#F2'0'( >#(2(F*'0'( *#>#$?')2'( \ U%(0%/d ,'>'0G >#,0?*','( *?(P?(F'( \ ?(0?* ($'>'0*'( $'( (P'F' >,%+#+ $2 >,%V2(+2 *%&>%(#( +'(20'+2 $2 $')'& >,%F,'& ".146
NR(DR( >F^4O(OTYLO!47
2NTNIYIFTPOTO OT^^OIOT
DFTOT^^RT^QO_O+
E?,'0 .#>?0?+'(Zb$','( ",%V2(+2 (F#('2 >#(U'>'%'( 0',F#0 ('+2%(') EO46ZE'(20'+2
; 69:< ; .#(0#,2'( .#+#/'0'(
a%0?)#(+2 ,'>'0
; 69:< ; .#(0#,2'( .#+#/'0'(
]%,*+/%> >#,#(U'(''( $'( >#(2(F*'0'( *#>#$?)2'( $2 02(F*'0 .'5?>'0#(G 0#,)'*+'(' E0,'0#F2 +'(20'+2 $'( /2F2#(# 0#,+?+?(D
; L2('+ .#+#/'0'( .'5?>'0#( ; aEO
; 69:; >#,#(U'(''( $2 XK .'5?>'0#(
6#)'*+'('*'( ,'>'0 ,?02( ?(0?* (2(F*'0*'( *#>#$?)2'( $#(F'( "#,2(0'/ .'5?>'0#( ?(0?* (F/'+2)*'( .#+#>'*'0'( '0'? .#>?0?+'(Z"#,'0?,'( 4?>'02 0#,*'20 E'(20'+2 $'( H2F2#(#D
.#+#>'*'0'( '0'? .#>?0?+'( (F#('2 E'(20'+2 $'( H2F2#(# 02(F*'0 *'5?>'0#(
; L2('+ .#+#/'0'( .'5?>'0#( ; aEO
; 69:;#,)?*'( '(FF','( */?+?+D
6#(-?+?( E0,'0#,2 "#(F#)%)''( ",%F,'& E'(20'+2 $'( H2F2#(# .'5?>'0#( -'(F 0#,$2,2 $',2d 0',F#0 $2 02(F*'0 *#U'&'0'(G *%&20(G ,#(U'(' 02($'*G ,#(U'(' 2$#(02M2*'+2 >'+',G ,#(U'(' >#(0'/'>'(G ,#(U'(' >#)'*+'(''(G ,#(U'(' >#&'(0'?'( $'( ,#(U'(' >#(F#)%)''( /25'/D E0,'0#F2 2(2 5#,)'*? $2 02(F*'0 .'5?>'0#( $'( .#U'&'0'( $'( /',?+ +#P')'( $#(F'( E0,'0#F2 E'(20'+2 .%0'Z.'5?>'0#( 7EE.8 -'(F 0#)'/ $2+?+?(D
L%*?( E0,'0#F2 "#(F#)%)''( ",%F,'& E'(20'+2 $'( H2F2#(#
; O2& a'+2%(') E0,'0#F2 E'(20'+2 ; "%*P' E'(20'+2 .'5?>'0#( ; aEO ; "#,W'*2)'( .#U'&'0'(
;
69:; >#,#(U'(''( >#(-?+?('( +0,'0#F2 +'(20'+2 .'5?>'0#(G XK *#F2'0'( 02(F*'0 .'5?'>0#(
6#(-#)#(FF','*'( W%,*+/%> >#,#(U'(''( '0'? *2U*;%MM 02(F*'0 *#U'&'0'( \ >#(-?+?('( 02& >#&2U?'( >?+*#+&'+G ,#(U'(' "#&'(0'?'( $'( bV')?'+2G >#&2)2/'( $#+' (F'U? >'$' *,20#,2'G ,#(U'(' >#)'02/'(G P'$W') >#)'02/'( $'( *#F2'0'(;*#F2'0'( )'2((-'D
=#(U'(' *#,P' "?+*#+&'+G E2+0#& "#&'(0'?'( $'( bV')?'+2
; E#&?' "?+*#+&'+ $2 .#U'&'0'( 7$'>'0 )#52/ $',2 B8 ; "#,W'*2)'( $#+'
;
69:; >#,#(U'(''( 02(F*'0 *#U'&'0'(G K[[ *#F2'0'( $2 02(F*'0
='>'0 *%%,$2('+2 0#(F'/ 0'/?('( $2 02(F*'0 T ",%V2(+2 !"(%$,0''( 8$(2/&(2'( G'(2 #"(;&/&(2 ;$ 0$(2/'0 K'4&,'0"( :$V%*'+2 *# "#,2(0'/ .'5?>'0#( $#(F'( )25'0*'( $2('+;$2('+ 0#,*'020 )')?2 W%,*+/%> >#,#(U'(''( $'( >#(2(F*'0'( *#>#$?)2'(D f'(F 0#,&'+?* >#&'(F*? *#>#(02(F'( *?(U2 '$')'/ e%,?& *#+#/'0'( '0'? +'(20'+2G .#)%&>%* .#,P' .#+#/'0'(D
R
; 69:; >#,#(U'(''( $2 BB >,%V2(+2
; 69:;
9'0'0'(d *%%,$2('+2 ".146 $202(F*'0 >,%V2(+2 0#,P'$2G 02$'* /'(-' +'(20'+2D ^?F' /',?+ $2>'+02*'( 'F#($' +'(20'+2 $'( /2F2#(# 0#,0#,' $')'& 02& >,%V2(+2D T ^?F' /',?+ $2?,'2*'( $')'& 5'F2'( *%%,$2('+2 $2 5'W'/
; @X ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
2F!>I4D!4 >F^4O(OYDFI(4/+OT^OT
NR(DR( >F^4O(OTYLO!47
2NTNIYIFTPOTO OT^^OIOT
DFTOT^^RT^QO_O+
*#U'&'0'(G 6#(#,'>*'( >#(F'W'+'( $'( $?*?(F'( >#(2(F*'0'( *'>'+20'+ $2 02(F*'0 *#U'&'0'( 7$'>'0 )2>?02 >#)'02/'(G >#($'&>2(F'( \ 5#)'P', +'&52) 5#*#,P'8 ?(0?* $?*?(F'( $'( *#5#,)'(P?0'( E'(20'+2 $'( H2F2#(#D H') 2(2 )2>?02 &'('P#(G *%%,$2('+2 $'( '$&2(2+0,'+2 *#F2'0'( E'(20'+2 $'( H2F2#(#D
.#F2'0'( "#)'02/'( .#F2'0'( >#($'&>2(F'(
; aEO ; .#U'&'0'(G "?+*#&'+
;
69:;#,0#&?'( >#,?&?+'( +0,'0#F2 $2'(FF',*'( $2 '0'+D O#,&'+?* *#F2'0'( ,?02(G 02$'* '$' '(FF','( */?+?+D
=2(F*'+'( *%($2+2 E'(20'+2 $'( H2F2#(# $2 02(F*'0 $#+'G +#P','/ E'(20'+2 $'( H2F2#(#G >#0' 1'+20'+ +#*0%, +W'+0'G *#>#&2&>2('( $'( 0%*%/ -'(F 5#,>#(F',?/G *,#$20 &2*,%G *#+#+?'2'( 0#*(%)%F2G +#F( [ >'+', 0#,5#(0?*
; E'(20',2'( ; :(FF%0' "?+*#+&'+ )'2((-'
;
69:;#&2U?'(
;
69:;#&2U?'(
DFT47O4OT 74T^>RT^OT D,#$*"$"# *$#81;#8"# C$*"1;1"# C$ %$#81"% >,J"?"%"# a J)#%)MV I$&,% D"&"-K &%"%;& !"#$%"&$ C"# L$8$,#, >,J"?"%"#K &%"%;& &,1%)- &b"&%" 79:O:O:ad >#(2)'2'( 2(2 $2,#(U'('*'( $2)'*?*'( $2 02(F*'0 *'5?>'0#( $'( $2)'*?*'( +#5#)?& >#)'*+'(''( *#F2'0'( >#(2(F*'0'( *'>'+20'+ $'( *#F2'0'( >#)'02/'(8
DFT4T^>O(OT >F+R(RLOT XL=L *D<>1AE= U F"($(2/'0/'( /','.$0'. 31?F ;'( ,'./' ,"#$%&'( ;$ ."#&' 0$(2/'0'( 6#,#(U'('*'( $'( )'*+'('*'( ONO "#(2)'2'( 'W')G "#&2U?'( $'( "'+*' "#&2U?'( E'(20'+2
;
;
;
;
BCA +0'M 02(F*'0 *'5?>'0#( $2)'02/ ?(0?* &5#,2*'( >#)'02/'( $2 02(F*'0 .#U'&'0'( 7T *#F2'0'(8
;
6'+0#, 0,'2(#, 02(F*'0 ",%V2(+2 $'( e'+2)20'0%,
6#,#(U'('*'( $'( )'*+'('*'( >#)'02/'( >#(2)'2'( 'W')G >#&2U?'( $'( >'+*' >#&2U?'( $2 02(F*'0 .'5?>'0#( \ $2)'*?*'( %)#/ +0'M .'5?>'0#( *#>'$' >#)'*+'(' *#F2'0'( $2 02(F*'0 .#U'&'0'(D
@DXBB %,'(F $2 02(F*'0 "?+*#+&'+ $'( .#U'&'0'( $2)'02/ $')'& T[ *#F2'0'( "#)'02/'(
; 6'+0#, 0,'2(#, $'( M'+2)20'0%, 02(F*'0 .'5?>'0#(
;
69:;
6#,#(U'('*'( $'( )'*+'('*'( "#)'02/'( >#(2)'2'( 'W')G >#&2U?'( $'( >'+*' >#&2U?'( +'(20'+2 \ $2)'*?*'( %)#/ E0'M .'5?>'0#( *#>'$' >#)'*+'(' *#F2'0'( $2 02(F*'0 L#+'D !"8'/.'(''( ,"#$%&'( ;'( ,'./' ,"#$%&'( ;$ 4":4'2'$ 0$(2/'0'( L?*?(F'( >#&2U?'( $'( (0%,2(F >'+*' >#&2U?'(G >#&'(0'?'( $'( >,%&%+2 +#,0' $?*?(F'( *#F2'0'( $2 02(F*'0 *#U'&'0'( $'( $#+'D O#,&'+?* $2 $')'&(-' '$')'/ *#F2'0'(
KDTAA .'$#, $'( >#&2&>2( $#+' $2)'02/ $')'& BC@ *#F2'0'(D
; 6'+0#, 0,'2(#, $'( M'+2)20'0%, 02(F*'0 .'5?>'0#(D
;
69:;#&2U?'( 02(F*'0 $#+'G BC@ *#)'+
;
69:;'+*' >#&2U?'( %)#/ E'(20',2'( $'(
; L?*?(F'( ,?02( *# $#+';$#+' )')?2 *?(P?(F'( &2(FF?'(D
[
; E'(20',2'(
;
b&>'0 M,'*+2 >'+', +'(20'+2d B8 5#)?& 0#,>2U?g @8 0#,>2U? 0#0'>2 F'F')d I8 0#,>2U? $'( 2(F2( 5#,*#&5'(Fg K8 E4E
; @R ;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
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g 6#,'(U'(F $'( )'*+'('*'( *'&>'(-# $2' &'++' ?(0?* ($?*?(F >#(U2>0''( *#5?0?/?'( +'(20'+2 $'( /2F2#(# $2 02(F*'0 ,?&'/ 0'(FF'D 6#&5#,2 $?*?(F'( ?(0?* *#F2'0'( L#*)','+2 E4E $2 5#,5'F'2 02(F*'0'( 7$#+'G *#U'&'0'( $'( *'5?>'0#(8
NR(DR( >F^4O(OTYLO!47
2NTNIYIFTPOTO OT^^OIOT
DFTOT^^RT^QO_O+
*'$#,D RXGTAA *?(P?(F'(
E0,'0#F2 *'&>'(-#G .'&>'(-# )')?2 $2'G .#F2'0'(;*#F2'0'( *'&>'(-# .#F2'0'( $#*)','+2 E4E
<6: ]%,)$ H#')0/
;
<6: ]%,)$ H#')0/
; "#,2(0'/ *'5?>'0#( ; aEO
;
"#,2(0'/ .'5?>'0#(G l#,2M*'+2 $'( L#*)','+2 E4EG TAA *#F2'0'(D
='(U'(F'( >,%$?* +'(20'+2 $'( ,'(U'(F'( &'0#,2') ?(0?* W2,'?+'/' +'(20'+2D
; "?+*#+&'+ ; L2('+ .#+#/'0'( .'5?>'0#(
;
69:; >#(F#&5'(F'( +0,'0#F2 ?+'/' +'(20'+2G @ *#F2'0'(D
L#+'2( +0'($', $2*#&'+ $')'& &'0#,2 >#&'+','( 70#,&'+?* 0#&>'0 U?02 0'(F'(8 (FF?('*'( 0'(FF' +'(20'+2D
;
;
69:;
;
69:;#(F#&5'(F'( &'0#,2 >#)'02/'( ]QE:aD
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d '2, 0#,+#$2' ?(0?* >#(FF#)%(0%,'(G '2, 02$'* 0#,+#$2' ?(0?* >#(FF#)%(0%,'(G &?*' '2, 0'('/ 02(FF2G &?*' '2, 0'('/ ,#($'/G *%($2+2 0'('/G *#0#,+#$2''( )'/'(D 6'+2(F;&'+2(F ,'(U'(F'( &2)*2 >#0?(P?* >#(FF?(''( $'( >#)2/',''((-' -'(F P#)'+ 7>#&5#,+2/'(G (F?,'(F2 5'?G >#&5?'(F'( '2, )2&5'/G $'( >#(F#)%)''( )?&>?, 02(P'8D F"(2"#4'(2'( ,"(;"/'0'( /"0":M'(2/'&'( 6#(F#&5'(F*'( +0,'0#F2 *#0#,P'(F*'?'( )%*') ?(0?* >,%$?* +'(20'+2 0#,&'+?*d +?5+2$2 $'( $2+*%( )')?2 "#,2(0'/ '0'? >,%F,'& >#(F?,'(F'( *#&2+*2('( $',2 $%(%,G +0,'0#F2 *#&'($2,2'(G >#&5#)2'( $'( >#&'+'(F'( +*')' 5#+',G *%(+0,?*+2
; J'>%,'( $'( 6'(?') -'(F (P#)'+*'( ')?, (?P? +'(20'+2 -'(F 0#,P'(F*'?D
; @T ;
;
;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
2F!>I4D!4 >F^4O(OYDFI(4/+OT^OT 5#,0'/'> $'( (F'*+#+ >#($'(''(D 6#(F#&5'(F*'( $'( &>#,*?'0 *'(2+ >#&52'-''( )%*') ?(0?* >#&5#)2'( 0%2)#0D 6#*'(2+ 2(2 '*'( ,#)#V'( $2 )2(F*?> )%*')D E?5+2$2 ?(0?* &'+-','*'0 $'( ,?&'/ 0'(FF'G (F%,F'(2+'+2*'( $?*?(F'( &'+-','*'0 *# &'+-','*'0 &2+*2(G (#F%+2'+2 $#(F'( )#&5'F' >#&52'-''( &2*,% ?(0?* *,#$20 >#,5'2*'( ,?&'/G (F'$'>0'+2 >#($'(''( 0,'$2+2%(')D 6#(F#&5'(F*'( &'0#,2 >#&'+','( ?(0?* >#($'(''( +'(20'+2
F"#,:-;&/.$ #'0":$'8 ,"#'.':'( 0":/'$0 .'($0'.$ G'(2 0",'0 2&(' 6#(F#&5'(F*'( &'0#,2') >#&'+','( -'(F *%&>,#/#(+2M 7,'(U'(F'( 0'(FF' +'(20'+2G +0,'0#F2 *#0#,P'(F*'?'(G >#($'(''(G >#+'( $'( &'0#,2 >#&'+','(8 -'(F $2'$'>0'+2*'( $'( $2F?('*'( %)#/ W2,'?+'/'W'(G 0%*% >#,)#(F*'>'(G +'(20',2'(G ?(0?* (P?') 0%2)#0D !"($(2/'0'( /','.$0'. 9$:'&.'+'9'( 6#,#(U'('*'( $'( )'*+'('*'( "#)'02/'( ]QE:a \ $2)'*?*'( %)#/ +0'M .#(0#,2'( .#+#/'0'( ?(0?* &2)2/ W2,'?+'/' -'(F 5#,$%&2+2)2 $2 $#+' 0#,+#5?0D "#)'02/'( 2(2 '*'( (F'U? >'$' _^')'( (?P? +'(20'+2 ,?&'/ 0'(FF'`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
NR(DR( >F^4O(OTYLO!47
2NTNIYIFTPOTO OT^^OIOT
DFTOT^^RT^QO_O+
"#,P'(P2'( $#(F'( )#&5'F' *#?'(F'( )%*') L%*?( -'(F (FF'&5',*'( +2+0#& >#&52'-''( 0,'$2+2%(') 7$'(' 5#,F?)2,8
;
;
69:;#(F#&5'(F'( &'0#,2 >#)'02/'( ]QE:aD
6'0#,2') )%*') (F#('2 >#&52'-''( 0%2)#0 -'(F $'>'0 $2F'5?(F*'( $#(F'( &'0#,2') >#&'+','( +'(20'+2D
;
;
69:;'$' 2(2+2'02M $',2 W2,'?+'/'W'(D
;
69:;#(F#&5'(F*'( +0,'0#F2 ('&?( 02$'* 0#,&'+?* >#(F#&5'(F'( &'0#,2D
; 4'/'( >#&'+','( _^')'( (?P? +'(20'+2 ,?&'/ 0'(FF'`
;
;
;
;
6#)'02/ K[[ W2,'?+'/' )')?2 BR *#)'+
; .#(0#,2'( .#+#/'0'( $'( M'+2)20'0%, *'5?>'0#(D
;
69:;
L?*?(F'( )%*') +#U',' ,?02( *# W2,'?+'/'
; :+%+2'+2 W2,'?+'/' +'(20'+2 ; L2('+ .#+#/'0'( .'5?>'0#(
;
69:;
; ]%,*+/%> &2(2 ; 6#(0%,2(F *# )'>'(F'(
; L2('+ .#+#/'0'( ",%V2(+2 $'( .'5?>'0#( ; e'+2)20'0%, W%,*+/%> ; E'(20',2'(
;
69:; 69:;'(F'(
6'0#,2 >#&'+','( $2 *#U'&'0'( E0'M "?+*#+&'+ $2)'02/D
; @[ ;
;
O2$'* '$' '(FF','( */?+?+ ?(0?* *#F2'0'( 2(2D
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
2F!>I4D!4 >F^4O(OYDFI(4/+OT^OT
NR(DR( >F^4O(OTYLO!47
2NTNIYIFTPOTO OT^^OIOT
DFTOT^^RT^QO_O+
"?+*#+&'+D 6#(-#$2'*'( >#)'02/'( *#0,'&>2)'( ?(0?* "?+*#+&'+D >NNI24TO! 2OT DF/+F7OQOIOT 6#&5#,2 $?*?(F'( ?(0?* *%%,$2('+2 $',2 02(F*'0 "?+'0G .#(0#,2'( .#+#/'0'( 5#,*%%,$2('+2 $#(F'( >,%F,'& EO46 )')?2 )#&5'F' -'(F 0#)'/ '$' +#>#,02 "%*P' :6"JG O2& "#(F','/ $'( O2&O#*(2+ :6"JG E#*,#0',2'0 EO46 $'( 69: <($%(#+2'D
E0'M ".146 +#U',' ,?02( (F/'$2,2 $'( 5#,*%(0,25?+2 *# "%*P' a'+2%(') 2(2D
; "#,W'*2)'( *'(0%, "?+'0
; 69:;'0 #V')?'+2 $2 02(F*'0 "?+'0G ",%V2(+2G .'5?>'0#( $'( .#U'&'0'(G BGKAA *#F2'0'(D ; .#(0#,2'( .#+#/'0'( ; L2('+ .#+#/'0'( .'5?>'0#(
L?*?(F'( *%%,$2('+2 +'(20'+2 $'( ".146 $2 02(F*'0 ",%V2(+2 )')?2 "%*P' :6"JD L2('+ .#+#/'0'( ",%V2(+2 +#5'F'2 )#&5'F' -'(F 5#,0'(FF?(FP'W'5 '0'+ EO46 (-'&>'2*'( *#&'P?'( ",%F,'& *# "%*P' :6"JD L'>'0 $2)'*?*'( $?' *')2 +#0'/?(D
"#,W'*2)'( L2('+ .#+#/'0'( ",%V2(+2 (F/'$2,2 *#F2'0'( +#&2 0'/?('(D
6#($?*?(F $'( 5#,>',02+2>'+2 $2 $')'& *#F2'0'( *%%,$2('+2 $2 02(F*'0 .'5?>'0#( )')?2 "%*P' :6"J .'5?>'0#( 7"#,2(0'/G +W'+0'G ?(2V#,+20'+G +#*%)'/8
"',02+2>'+2 ".146 $2 $')'& *#F2'0'( ,'>'0 02F' 5?)'('( ".146 $2 02(F*'0 .'5?>'0#(
;
6#($?*?(F $'( 5#,>',02+2>'+2 $2 $')'& *%%,$2('+2 02(F*'0 *#U'&'0'( )')?2 M%,?& *%%,$2('+2 *#U'&'0'(D
4#,>',02+2>'+2 $2 $')'& *#F2'0'( ,'>'0 0,2W?)'('( ".146 02(F*'0 *#U'&'0'(D
; 9'&'0 ; .#>')' "?+*#+&'+
6#&5'(0? $'( ($?*?(F 0#,U2>0'(-' *%%,$2('+2 02(F*'0 $#+' )')?2 .%&20# -'(F $25#(0?* %)#/ 6'+-','*'0D
L?*?(F'( ,?02( *#>'$' &'+-','*'0
; E'(20',2'( )')?2 *?(P?(F'( ,?02(D
6#(#,'>*'( >#&5#)'P','( $'( 0?*', >#(F')'&'( +0,'0#F2+ $2 02(F*'0 ",%V2(+2G .'5?>'0#( $'( .#U'&'0'( ?(0?* 5#,5'F2 >#(F')'&'( >#&2U?'(G >'+*' >#&2U?'(G "#&'(0'?'( $'( bV')?'+2G >',02+2>'+2 +#*0%, +W'+0' $'( $#*)','+2 E4ED
.?(P?(F'( >#&5#)'P','( $'( 0?*', >#(F')'&'(G ]%,*+/%> >#&5#)'P','(
; .#(0#,2'( .#+#/'0'( ; L2('+ .#+#/'0'( ",%V2(+2 ; L2('+ .#+#/'0'( .'5?>'0#( ; "?+*#+&'+
;
69:;#&5#)'P','(G ]%,*+/%> >#&5#)'P','(G @CA *?(P?(F'(D
RC +0'M $2('+ *#+#/'0'( &'&>? )'02/ $2 02(F*'0 .#U'&'0'( 7K *#F2'0'(8
;
;
69:;#&5#)'P','(G ]%,*+/%> >#&5#)'P','(G @CA *?(P?(F'(D
RAK E0'M "?+*#+&'+ $2)'02/ 7@I *#F2'0'(8
; 6'+0#, 0,'2(#, $'( M'+2)20'0%, 02(F*'0 .'5?>'0#(
;
69:;
L?*?(F'( ,?02( *#>'$' +2+0#& &'('P#( 2(M%,&'+2 0#,&'+?* 1
;
DF/OT(OROT 2OT F]O7RO!4 !"(2&'0'( /','.$0'. 4$;'(2 !"#'(0'&'( ;'( '$' +0'M L2('+ .#+#/'0'(D
6#,#(U'('*'( $'( )'*+'('*'( >#)'02/'( "#&'(0'?'( $'( bV')?'+2 %)#/ L2('+ .#+#/'0'( .'5?>'0#( *#>'$' +0'M >#)'*+'(''( >,%F,'& $2 02(F*'0 .#U'&'0'(D F"8'/.'('/'( /"2$'0'( !"#'(0'&'( ;'( '0#(D
; IA ;
6'+0#, O,'2(#, 02(F*'0 ",%V2(+2 $'( e'+2)20'0%,
; 69:;
!"#$%&' !")&*+&'&&' ,-./ #&)&% !0$10&% 2"+"3&4&' #&' 5676 ."08&+6+ /&+9&0&*&4 :!25./;
2F!>I4D!4 >F^4O(OYDFI(4/+OT^OT
NR(DR( >F^4O(OTYLO!47
DFTOT^^RT^QO_O+
2NTNIYIFTPOTO OT^^OIOT
6#(-#$2'*'( $?*?(F'( ?(0?* *#F2'0'( "#&'(0'?'( $'( bV')?'+2 $2 02(F*'0 .#U'&'0'(D
L?*?(F'( ,?02( *#>'$' +2+0#& &'('P#( 2(M%,&'+2 0#,&'+?* 1
;
; 69:;
6#(-#$2'*'( $?*?(F'( ?(0?* *#F2'0'( "#&'(0'?'( $'( bV')?'+2 $2 02(F*'0 L#+' )')?2 *#F2'0'( >#&'(0'?'( 02(F*'0 ,?&'/ 0'(FF' $'( $?+?(D
L?*?(F'( ,?02( *#>'$' >#&2&>2( $#+' $')'& *#F2'0'( >#&'(0'?'( ,?&'/ 0'(FF'D
; +'(20',2'(
; 69:;
6#(-#$2'*'( $?*?(F'( ?(0?* *#F2'0'( V#,2M2*'+2 E4E $2 02(F*'0 $?+?(D l#,2M2*'+2 $2)'*?*'( )')?2 *?(P?(F'( *# ,?&'/ $'( &>#)'P',2 *#&'P?'( >#&5'(F?('( P'&5'(D
=#(U'(' *#F2'0'( V#,2M2*'+2D
;
6#(-#$2'*'( $?*?(F'( ?(0?* *#F2'0'( V#,2M2*'+2 E4E $2 02(F*'0 L#+'G l#,2M2*'+2 $2)'*?*'( )')?2 *?(P?(F'( *# ,?&'/ $'( &>#)'P',2 *#&'P?'( >#&5'(F?('( P'&5'( $2 02(F*'0 $?+?(D
=#(U'(' *#F2'0'( V#,2M2*'+2D
; L2('+ .#+#/'0'( .'5?>'0#( ; 69:;< $2+#5?0*'( $2 $')'& +?5 _#"%&'# D0"&46$'`D l#,2M2*'+2 $'( $#*)','+2 E4ED TAA *#F2'0'(D
C3A 3?3
J'>%,'( V#,2M2*'+2 E4E
J'>%,'( V#,2M2*'+2 E4E
; IB ;
; +'(20',2'(
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
69: <($%(#+2' '*'( ($'('2 +#)?,?/ *#F2'0'( -'(F 0#,*'20 $#(F'( >#)'*+'(''( >#($#*'0'( EO46 +#5'F'2&'(' 0#)'/ $2+#5?0*'( $2 4'5 XD E?&5#, >#($'(''( )'2( -'(F $'>'0 $2&'(M''0*'( ?(0?* >#)'*+'(''( *#F2'0'( EO46 )2>?02d B8 @8 I8 K8
:(FF','( ('+2%(') 7:"4a8 .#(0#,2'( .#+#/'0'(G -'(F $2,#(U'('*'( $'( $2*#)%)' ?(0?* *#F2'0'( >#,#(U'(''(G *%%,$2('+2G (0%,2(FG $'( #V')?'+2 $2 ",%V2(+2 $'( .'5?>'0#(D :(FF','( $2 ",%V2(+2 $'( .'5?>'0#( 7:"4L8 -'(F $'>'0 $2F?('*'( ?(0?* ($?*?(F >#(F#&5'(F'( +'(20'+2D L'(' -'(F $'>'0 $2F?('*'( )')?2 2(0#F,'+2 EO46 *# $')'& *'(2+ >,%F,'& '0'? >,%-#* -'(F 0#)'/ '$'G +#>#,02 4N. $'( "a"6D L'(' $#+' -'(F '*'( $2*#)%)' %)#/ .#>')' L#+' 5#,$'+',*'( $%*?( =#(U'(' "#&5'(F?('( ^'(F*' 6#(#(F'/ L#+' 7="^6L#+8D