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• •
•
• •
•
•
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +123
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• • •
•
• •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +122
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
!"#?>3'( .# KA?>' L4+#$&'$M J" *3 ,/&"+%)/+0 #* )"& %3&+* &"$1&> .$#* ,/*$",& +*4)"#0+ #* +$3*"%$0> #)/&",* 30+ %)&3*+ 30+ &3)1"0+ #*C&/-" #* 3**/> #*C&/-" 30+ =03G4/&;0+ 5 +* 3$1$,&/-" & #&/+* )" #*+%&"+0 &3 %*/*=/06 N*+.)A+> +$4)* %0" 3& 3*%%$:"6 •
B$#* & 30+ &3)1"0+ ()* %*",/*" 3& &,*"%$:" *" 3& *9.*/$*"%$& #* &=/$/ 5 %*//&/ 3&+ 1&"0+6 N*+.)A+> &"G1&30+ & ()* +* &.3$()*" )" =/*<* &),0]1&+&C* #* 1&"0+> +$",$*"#0 3&+ +*"+&%$0"*+ *" 3&+ 1&"0+6 •
!"<$,& & 30+ &3)1"0+ & ()* *+%)%8*" *3 +0"$#0 &1=$*",* #*3 &)3& #)/&",* ,/*$",& +*4)"#0+> +$" ./0#)%$/ *330+ "$"4O" +0"$#06 •
D)4$*/* ()* ,0#0+ +* .0"4&" #* .$* 5 ;3*9$0"*" 30+ .$*+ .0"$A"#0+* #* .)",$33&+> .&/& <03<*/ & &.05&/ #*+.)A+ 3&+ .3&",&+ *" *3 +)*30> ./*+,&"#0 &,*"%$:" & 3&+ +*"+&%$0"*+ #* 30+ .$*+ 5 3&+ .$*/"&+6 L*.*,$/30 <&/$&+ <*%*+6 •
N$/$4* 3& &,*"%$:" #* 3& %3&+* 8&%$& )" %)/0 0 %&/,*3 #* ,*1& ,/&"()$30 ()* 8&5& *" *3 &)3&> 5 #*#$% )" 101*",0 +$1.3*1*",* & 1$/&/306 •
U&2 +0"&/ )" 1$"),0 #* 1O+$%&> ()* +*& ,/&"()$3&> 0 ()* ;&<0/*2%& *3 *";0()*> 0 ()* +*& $"+.$//&> 5 #*#$% )" 101*",0 +$1.3*1*",* & *+%)%8&/6 •
B$#* & 30+ &3)1"0+ ()* $"+.$/*" 5 #*+.)A+ +)*3,*" *3 &3$*",0 %0" 3& 1&50/ <*30%$# .0+$=3*> .&/& #*+.)A+ <03<*/ & $"+.$/&/ 5 & +03,&/ *3 &3$*",0 30 1-+ #*+.&%$0 .0+$=3*6 M %0",$")&%$:"> 8&2 ()* ./&%,$()*" )"&+ %)&",&+ /*+.$/&%$0"*+ %0" &,*"%$:" .3*"& &",*+ #* <03<*/ & #$/$4$/ +) &,*"%$:" & 3& %3&+*6 •
D)4$*/* & 30+ &3)1"0+ ()* +* .0"4&" #* .$* 5 %&1$"*" ,/*+ .&+0+ 8&%$& #*3&",* 30 1-+ #*+.&%$0 .0+$=3*> 1$*",/&+ <$*/,&" 3& +*"+&%$:" #* 30+ .$*+ *" *3 +)*30 5 #*3 10<$1$*",0 #* 3&+ #*1-+ .&/,*+ #*3 %)*/.06 N*+.)A+> .G#*3*+ ()* %&1$"*" 8&%$& &,/-+ 5 %0" %)$#> .&/& <03<*/ & +)+ &+$*",0+> 5 ()* +* +$*",*"> .0"$*"#0 3& %0"+%$*"%$& *" 3& ,/&"+$%$:" #*3 10<$1$*",0 & 3& ()$*,)#6 •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +1882
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•
•
•
• •
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•
• •
• •
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• •
•
• • •
•
•
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +1887
I'?#$ %'4 E+#4%&D4 F3#4, 704* )" =0% QG/&30 &,*",&1*",* 5 8)A3*306 B0",* *3 =0% *" 3& =0%&> +$" 1&+,$%&/306 `&1$3$&/G2&,* %0" *3 =0% ()* ,$*"*+ *" 3& =0%&6 T7)-3 *+ +) +&=0/ 5 3& +*"+&%$:" ()* ./0#)%*W B/*+,& &,*"%$:" & 3& *9.*/$*"%$& #* 1&+,$%&/ 5 ,/&4&/6 M#<$*/,* *3 +&=0/ ()* #*C& 5 %)&3()$*/ 0,/& +*"+&%$:" *" 3& =0%& #*+.)A+ #* 8&=*/30 ,/&4 [)*3<* & #$/$4$/ ,) &,*"%$:" &3 &)3&6 • • • •
• •
•
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +1833
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•
• • •
• •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +1898
E.O#$+&$ 3'( !(>,%&'( #4+$# F#4(,?+'( L*+.$/& %0" "0/1&3$#> &,*"#$*"#0 & 3& +*"+&%$:" #* 3& /*+.$/&%$:" ()* ,* 33*"& 30+ .)310"*+ 5 ()* #*+.)A+ <)*3<* &;3)$/ 8&%$& &//$=& 5 & +&3$/ .0/ #0"#* *",/:6 M#<$*/,* %)&"#0 +)/4* )" .*"+&1$*",06 L*%0"0%* *3 .*"+&1$*",0> ()$2- #$%$A"#0,* *" +$3*"%$0> 1*",&31*",*> Y.*"+&1$*",0Z6 N*+.3&2& ,) &,*"%$:" #* *+* .*"+&1$*",0 *" .&/,$%)3&/> <03<$A"#03& & 33*<&/ & 3& 0=+*/<&%$:" #* 30+ .*"+&1$*",0+ *" 4*"*/&36 M#<$*/,* +$ 8&5 &34O" *+.&%$0 *",/* *3 #*+.3&2&1$*",0 #* ,) &,*"%$:" *",/* *3 /*%0"0%$1$*",0 $",*/$0/ #* )" .*"+&1$*",0 0 #*+#* ()* #$%*+ Y.*"+&1$*",0Z 5 %)&"#0 *1.$*2&+ & 0=+*/<&/ 3& &.&/$%$:" #*3 .*"+&1$*",0 +$4)$*",*> 5 #*+.)A+ #*C& .&+&/ *+* *+.&%$0 +$" *,$()*,&/306 D$4)* 0=+*/<&"#0 30+ .*"+&1$*",0+ 5 30+ *+.&%$0+ 8&+,& *3 ;$" #* 3& +*+$:"6 K*" +$*1./* .&%$*"%$&> &1&=$3$# 5 =0"# %0",$40 1$+106 •
• • •
•
• •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +1893
E4.,$ %'4 I'4(%%&, J1.$*2& & &"#&/ #*+.&%$0 *" *3 *+.&%$0 &=$*/,0 #*3 &)3&> *" +$3*"%$0 5 +$" %80%&/,* %0" 30+ #*1-+6 M"#& #* 1&"*/& "0/1&3 *",/* 30+ #*1-+> +$" +*4)$/ "$"4)"& M"#& %010 +$ *+,)<$*/&+ 1)5 %&"+ a M"#& %010 +$ ,* &%&=&/&+ #* *",*/&/ #* )"& "0,$%$& &.&+$0"&",* 5 1&/&<$330+&6 M"#& %010 +$ ,* #03$*/& *3 ,0=$3306 M"#& %010 +$ %/*5*/&+ ()* ,0#0 *3 1)"#0 ,* *+,- 1$/&"#06 M"#& %010 +$ ()$+$*/&+ 33*4&/ & &34)"& .&/,* 30 1-+ ,&/#* .0+$=3*6 M"#& %010 +$ ()$+$*/&+ .&+&/ #*+&.*/%$=$#0 *",/* )"& 1)3,$,)#6 M"#& %010 +$ ,* +$",$*/&+ 0/4)330+06 M"#& %010 +$ "0 +).$*/&+ #:"#* *+,-+ H0 #:"#* <&+I6 M"#& 1$*",/&+ ./*+,&+ &,*"%$:" & ,0#0+ 30+ 10<$1$*",0+ ()* /*&3$2&+ & %& .&+06 •
• •
• • • • • • •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +18::
E4.,$ %'4 E+#4%&D4 F3#4, P E+#4.#$ ,3 IN#$>' HJ1.3*& 3G"*&+ 8*%8&+ %0" %$",& *+$<&> 0 +$1.3*1*",* .$#* & ,)+ &3)1"0+ ()* &"#*" #*+.&%$0 .0/ 3& +&3&> # ()* 5& *+,-" ;&1$3$&/$2+ %0" 3& &%,$<$# =-+$%&6I J1.$*2& & &"#&/ #* 1&"*/& "0/1&3> .*/0 1)5 #*+.&%$0 H.$+&"#0 3& 3G"*& 1&/%& %0" %$",&> *" +) %&+0I6 M#<$*/,* 3&+ +*"+&%$0"*+ #* ,)+ .$*+> .$*/"&+> ,/0"%0> =/&20+> %)*330 5 %&=*2&E T30+ +$*",*+ /*3&C+> ,*"+0+> .*++> ;3*9$=3*+> 0 #* &34)"& 0,/& 1&"*/&W M#<$*/,* ,) /*+.$/&%$:"^ T*+ /-.$#&> 3*",&> ./0;)"#&> +).*/;$%$&3> 0 *+,-+ %0",*"$*"#0 3& /*+.$/&%$:"W D$ <$*/,*+ ()* *+,-+ .*/#$*"#0 *3 *";0()*> <)*3<* & 33*<&/ ,) &,*"%$:" & 3& *9.*/$*"%$& #* &"#&/6 D$ .$*/#*+ *3 *()$3$=/$0 H5 ,* +&3*+ #* 3& 3G"*&I> "0 ,* ./*0%).*+> 3$1G,&,* & ./*+,&/ &,*"%$:" 1$*",/&+ /*%).*/&+ 3& .0+$%$:" 5 +$4)* &"#&"#06 •
•
•
•
•
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +18:7
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•
• •
• •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +18:;
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• • •
•
•
0#=N4., >,$+#B 6&,$&' M=/* *3 #$&/$0 %0" %)$#> 1$*",/&+ +* 1&",$*"* *3 +$3*"%$0 *" *3 &)3&6 N*+%/$=* %0" .&3&=/&+ 0 %0" #$=)C0+ ,) *9.*/$*"%$& #)/&",* *3 K01& R6 HN*C& & 30+ &3)1"0+ )"0 0 #0+ 1$"),0+ .&/& *+,& ,&/*&6I 7$*//& *3 #$&/$0 5 4)-/#&306 [)*3<* & 33*<&/ 3& &,*"%$:" +)&<*1*",* &3 &)3&6 • •
• •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +182=
6&,$&'( T J#$ %'4 E+#4%&D4 F3#4, 8-"6(-, +,-2(0 ?@)(-A,5"># 57# B",-"7 M=/* #*+.&%$0 *3 #$&/$0> 1&",*"$*"#0 *3 +$3*"%$0 *" *3 &)3&6 N$<$#* )"& .-4$"& ")*<& *" ,/*+ +*%%$0"*+6 D0+,A" *3 0=C*,0 *" 3&+ 1&"0+6 J1.$*2& & %0"0%*/ ,) 0=C*,0> +030 1$/-"#030 H#*C& & 30+ &3)1"0+ 1*#$0 1$"),0I6 J" 3& ./$1*/& +*%%$:" #* 3& .-4$"& #* ,) #$&/$0> *9./*+& %0" .&3&=/&+ 0 $1-4*"*+ ,)+ ./$1*/&+ $1./*+$0"*+ #* ,) 0=C*,06 QG/&30 1-+ #* %*/%& 5 *9&1$"& +)+ %&/&%,*/G+,$%&+> ,&3*+ %010 +) ;0/1&> %030/> ,*9,)/& 5 +*?&3*+6 D$ ,* #$+,/&*+> <)*3<* & #$/$4$/ ,) &,*"%$:" & 1$/&/ ,) 0=C*,06 J" 3& +*4)"#& +*%%$:" #* 3& .-4$"& #* ,) #$&/$0> *9./*+& %0" .&3&=/&+ 0 $1-4*"*+ ,)+ $1./*+$0"*+ #*3 0=C*,0> &80/& ()* 30 8&+ 1$/ 1-+ #* %*/%&6 • • • • •
•
• •
:(3$, +,-2(0 ?@)(-A,5"># 57# $",-"7 Q*,* ,) 0=C*,0 *" 3& =03+&6 HL*%04* 30+ 0=C*,0+> 5 #*+.)A+ #$+.0"30+ ,0#0+ +0=/* )"& 1*+&6I [* & 3& 1*+& 5 *9&1$"& ,0#0+ 30+ 0=C*,0+ +$" ,0%&/30+> 8&+,& ()* /*%0"02%&+ *3 ()* 1$/&+,* &",*+6 L*%04* *3 0=C*,0 5 33A<&,*30 & ,) &+$*",06 S,$3$2& 3& ,*/%*/& +*%%$:" .&/& *9./*+&/ *" ,) #$&/$0> %0" .&3&=/&+ 0 $1-4*"*+> ,) ./0.$& *9.*/$*"%$& %)&"#0 =)+%&=&+ ,) 0=C*,0 *",/* ,0#0+ 30+ #*1-+6 7$*//& *3 #$&/$0 5 4)-/#&306 [)*3<* & 33*<&/ ,) %0"+%$*"%$& &3 &)3&> #*+.&%$06 •
•
• •
• •
<(-5(-, +,-2(0 <,-(, +,-, 5,), $( C(- 57# 92(#5"># 8'(#, K01& )" 0=C*,0 ()* )+*+ & #$&/$0 H)" 2&.&,0> )"& =03+& 0 &34)"& 0,/& %0+& ()* .)*#&+ +0+,*"*/ %0" ;&%$3$# *" 3&+ 1&"0+I6 J+%/$=* H0 #$=)C&I 30 ()* <*+ %)&"#0 1$/&+ *3 0=C*,0 .0/ ./$1*/& <*26 HL*%)*/#& & 30+ &3)1"0+ ()* *+%/$=&" *" ./$1*/& .*/+0"& 5 #$3*+ ()* #*#$()*" )" 1$"),0 0 #0+ & *+,& ,&/*&6I _ b=+*/<& *3 0=C*,0 #)/&",* 0,/0 1$"),06 _ 7&1=$& 0 &1.3G& ,) ./$1*/& #*+%/$.%$:" H0 #$=)C0I *" ;)"%$:" #* 30 0=+*/< _ J+%/$=* &%*/%& #* ,) *9.*/$*"%$& #* 1$/&/ *+,* 0=C*,06 TU&+ <$+,0 &340 ")*<0 +0=/* *3 1$+10W TK)<$+,* &34O" .*"+&1$*",0 0 .*"+&1$*",0+ 1$*",/&+ 30 1$/&=&+W T7)-3*+W •
•
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +1823
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•
•
• •
:(3$, +,-2(0 B()(,- +,-, 2" 6")67 / +,-, )(- D&(-"$7 M#<$*/,* %:10 ,* +$*",*+ &3 %*",/&/,* *" ,) #*+*06 J" #$%$*"#0 .&/& ,)+ *",/0+ YN*+*0 ()* 50666Z6 M#<$*/,* %:10 ,* +$*",*+ %)&"#0 +* 1&,*/$&3$2& ,) #*+*06 B$*"+& *" &34)$*" & ()$*" ()$*/&+6 J" #$%$*"#0 .&/& ,)+ *",/0+ YN*+*0 ()* c3& .*/+0"& & 3& ()* ()$*/*+P666Z6 M#<$*/,* %:10 ,* +$*",*+ %)&"#0 *"
•
<(-5(-, +,-2(0 B()(,- +,-, 72-,) +(-)7#,) B$*"+& *" )"& .*/+0"& 8&%G& 3& ()* ,*"4&+ +*",$1$*",0+ "*),/0+ H%010 .)*#* +*/ *3 ,*"#*/0> *3 %0"#)%,0/ #*3 &),0=O+ 0 *3 %&/,*/0I6 B/)*=& & *"<$&/ ,) #*+*0 & *+& .*/+0"&> #$%$*"#0 .&/& ,)+ *",/0+^ YN*+*0 ()* c3& .*/+0"& 8&%$& 3& ()* ,$*"*+ +*",$1$*",0+ "*),/0+P666Z6 M#<$*/,* %:10 ,* +$*",*+ %)&"#0 *" #$%$*"#0 .&/& ,)+ *",/0+^ YN*+*0 ()* c3& .*/+0"& %0" 3& ()* ,* +$*",*+ +*4)/0> .*/0 8&%$& 3& ()* +$*",*+ & <*%*+ $/& 0 ;/)+,/&%$:"P666Z6 M#<$*/,* %:10 ,* +$*",*+ %)&"#0 *"
•
• •
•
•
E&,-2, +,-2(0 =(%'(F"7#() ()5-"2,) _ F3*<& #* ")*<0 ,) &,*"%$:" & 3& /*+.$/&%$:" %0" &,*"%$:" .3*"&6 HN*C& & 30+ &3)1"0+ #*3 0/#*" #* )" 1$"),06I [)*3<* & ,/&*/ ,) %0"+%$*"%$& &3 &)3&6 D&%& ,) #$&/$0 5 *+%/$=* &%*/%& #* ,) *9.*/$*"%$& #* #*+&//033&/ 5 +*",$/ ,) #*+*0 #* =)*"& <03)", J+%/$=* &%*/%& #* ,) *9.*/$*"%$& #* *9,*"#*/ ,) #*+*0 & ,$ 1$+10> & )" +*/ ()*/$#0> & )"& .*/+0"& "*),/& 5 & )"& .*/+0"& 1-+ #$;G%$36 • •
•
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +1824
!(+$,+#=&,( >,$, 3, !(%N%1, %'4 E+#4%&D4 F3#4, J+%)%8& 8&=3&/ & 0,/&+ .*/+0"&+> *" /*)"$0"*+ #*3 %3&)+,/0 0 *" 3& %&;*,*/G&> 5 &,$*"#* &3 &C)+,* *",/* +)+ .&3&=/&+> +) +$4"$;$% 5 +)+ 1*"+&C*+ "0 <*/=&3*+6 •
J" *3 ,/&"+%)/+0 #* )"& %0"<*/+&%$:" <$<& * $",*"+&> 8&2 )"& .&)+& 5 /*+.$/& &",*+ #* #&/ )"& /*+.)*+,& <*/=&36 •
N*+&//033& )"& *+,/&,*4$& .&/& &=0/#&/3&+ +$,)&%$0"*+ *" 3&+ ()* ,* #&+ %)*",& ()* "0 *+,-+ #$%$*"#0 30 ()* ()*/G&+ #*%$/6 HJ+ &%*.,&=3* ()* ,* $",*//)1.&+ & 1$, #* ;/&+* .&/& &%3&/&/,* 5 <03<*/6I •
7*",/& ,) %0"+%$*"%$& *" 30 ()* .)*#* *+,&/ .&+&"#0 #*",/0 #* )"& .*/+0"& 5 & +) &3/*#*#0/ %)&"#0 +) 3*"4)&C* .&/*%* $"*%) .&/& 3& +$,)&%$:"6 •
M.3$%& 3& &,*"%$:" .3*"& & ,) ./0.$& *9.*/$*"%$& 1$*",/&+ 8&=3&+> 5 <$*/,* +$ ,) 8&=3& *+,- &3$"*& %0" ,)+ .*"+&1$*",0+> %0" ,)+ +*",$1$*",0+ 5 %0" ,)+ +*"+&%$0"*+6 •
N*C& ()* *3 +$3*"%$0 +* &3&/4)* )" .0%0 1-+ &",*+ #* /*+.0"#*/ & )"& ./*4)",& 0 & )" %01*",&/$06 •
M#<$*/,* +$ *+,-+ *+,)%8&"#0 .3*"&1*",* & 3& .*/+0"& ()* 8&=3&> 0 +$ *+,-+ #$/$4$*"#0 3& &,*"%$:" *" 0,/0+ +*",$#0+6 •
•
L*%0"0%* %:10 3* +$*",*+ %)&"#0 <*+ ()* 30+ #*1-+ *+,-" #$+,/&G#0+ %)&"#0 ,O 8&=3&+6
7A",/&,* *" 3& *9.*/$*"%$& .3*"& #* *+%)%8&/ 8&=3&/ & 0,/& .*/+0"&> *" <*2 #* *+,&/ *+.*/&"#0 ()* #A )"& $";0/1&%$:" #*,*/1$"&6 •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +1843
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•
•
•
•
•
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•
•
•
:(3$, A,-",#2(0 <7#7 / (F+-()"># L*.*,$# 3& +*%)*"%$& =-+$%& 3*5*"#0 %0" *3 ,0"0 1-+ 10":,0"0 * $"*9./*+$<0 .0+$=3*6 L*.*,$# 3& +*%)*"%$& =-+$%& 3*5*"#0 %0" *3 1-9$10 #/&1&,$+10 • •
<(-5(-, A,-",#2(0 E7#2(#"$7H $")2-,55"># / ,2(#5"># +'(#, _ L*.*,$# 3& +*%)*"%$& =-+$%&> %*",/-"#00+ *" *",*"#*/ *3 %0",*"$#0> ,&",0 %)&"#0 ,0%& 3**/ %010 %)&"#0 +* *+%)%8&6 L*.*,$# 3& +*%)*"%$& =-+$%& ./*+,&"#0 &,*"%$:" & #&/ 403.*%$,0+ /-.$#&1*",* *" *3 +)*30> .*/0 +$" 8&%*/ /)$#0> 1$*",/&+ 3*A$+ 0 *+%)%8-$+6 _ L*.*,$# 3& +*%)*"%$& =-+$%& 1$*",/&+ <*/,G+ <)*+,/& ./0.$& *9.*/$*"%$& $",*/$0/ 1$*",/&+ 3*A$+ *" <02 &3,& 0 *+%)%8-$+6 •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +184:
H&4.SN34#(( >,$, ?,#(+$'( T #.N%,.'$#( F& &,*"%$:" .3*"& 0 1$"#;)3"*++ ,/&,& #* 3& *9.*/$*"%$& #$/*%,& #* 30 ()* +)%*#* #*",/0 #* ,$ 5 & ,) &3/*#*#0/6 \0 %0"+$+,* *" %&1=$&/ 3& "&,)/&3*2& #* *+& *9.*/$*"%$&6 70"+$+,*> 1-+ =$*"> *" &)1*",&/ 3& 8&=$3$# %0" ()* <$<*+ *+& *9.*/$*"%$&6 •
F& &,*"%$:" .3*"& *",/*"& 3& &,*"%$:" &3> 5 3& %0"+%$*"%$& #*3> 101*",0 &%,)&36 D0" )"&+ 8&=$3$#*+ .&/& &./*"#*/3&+ & 30 3&/40 #* ,0#& )"& <$#&6 70",/$=)5*" & 30+ 304/0+ &%A1$%0+> &+G %010 &3 &./*"#$2&C* +0%$&3 5 *10%$0"&36 •
J"+*?&/ %0" &,*"%$:" .3*"& 5 *"+*?&/ 3& &,*"%$:" .3*"& +0" #0+ %&/&+ #* )"& 1$+1& 10"*#&E 30 O"$%0 ()* <&/G& *+ 3& $1.0/,&"%$& ()* +* #& & )" &+.*%,0 0 & 0,/06 K)> %010 ./0;*+0/> .)*#*+ #&/ *C*1.30 #* 30 ()* *"+*?&+6 M3 8&%*/30> *"*/4$2&+ *3 &./*"#$2&C* #* 30+ &3)1"0+ M3 *"+*?&/3*+ ,A%"$%&+ %0"%/*,&+ +* .0,*"%$& +) #*+&//0330 5 +* %0",/$=)5* & ./*.&/&/30+ .&/& )"& <$#& .3*"&1*",* &,*",&6 •
_ F& &,*"%$:" .3*"& ;01*",& 3& /*+$3$*"%$& 5 /*&32& 3& %01.*,*"%$& +0%$&3 5 *10%$0"&36 F& &,*"%$:" .3*"& )"$#& %0" 3& *1.&,G&> 3& &1&=$3$# 5 3& +03$#&/$# ;01*",& 3& &%%$:" %0"+,/)%,$<& 5 3& %0"#)%,& &;*%,)0+&6 M3 <$<$/ #* 1&"*/& .3*"&1*",* &,*",& +* *"4*"#/& )"& 1&50/ &,*"%$:" .3*"&6 7)&",0 1-+ ./&%,$()*+> ,) *9.*/$*"%$& #* 3& <$#&> #*3 ,/&=&C0 5 #* 3&+ /*3&%$0"*+ .*/+0"&3*+ +* $1./*4"&/- #* 1&50/ &,*"%$:" .3*"&6 \0 *+ )"& .&"&%*&> .*/0 .)*#* ;01*",&/ )"&+ 8&=$3$#*+ *+*"%$&3*+ .&/& /*+03<*/ ./0=3*1&+ 5 %*3*=/&/ +03)%$0"*+6 •
M+$1$3&/ 3& %0"+%$*"%$&> 3& &,*"%$:" 5 *3 *()$3$=/$0 *10%$0"&3 *" *3 101*",0 *+ *"+*?&/ %0" &,*"%$:" .3*"&6 J"+*?&/ & 30+ *+,)#$&",*+ ,A%"$%&+ ()* +$/<*" .&/& #*+&//033&/ *+,&+ 8&=$3$#*+ *+ 3& *+*"%$& #* *"+*?&/ 3& &,*"%$:" .3*"&6 •
!"#$%&'#()) +,-, (#)(.,- / ,+-(#$(-0 +13=9