!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
!"# !"! !"4 !"F !"H !"J !"3 !!" !!! !!E !!# !!4
!!F !!H !!H 3F" JH3 ##J !!3
$%&'()*+,/*0,+(+1)2* $%8198 $%8198'' &:+ !
$%8198'8 &:+ E $1)&9G DA8>B)1+ 1B2*)1+ $1)&'8)8 $1*I $1'*)>9 $1>)*'%+1),,=8 $1>)*'(@198 )8B+9,) $1O09*'8 $&9*'1+B1)*'(+ &9 98'0+D'
34 5/67 ;+%)&+& ;+%)&+& <=9 1'*>)9 1'*>)9*9 *9 ?=8 @ 98>A 98>A B'&9+& B'&9+&++ ?'B >9C)&' >9C)&' )*0,+(+ )*0,+(+&'&'- 8=BD9 8=BD9 ?'B 1'(?,)1 1'(?,)1+1)2 +1)2* * &9 '>B+8 '>B+8 1+=8+8 1+=8+8
E4 5/67 5/67
;+%)&+& <=9 1'*>)9*9 ?=8 @ 98>A B'&9+&+ ?'B >9C)&' )*0,+(+&'
## 5/67
$=(9* (9*>' +*'B(+, &9 ,+ 1'*19*> 9*>B+1)2 1)2* &9 A1)& 1)&' 9* 9, 98>'(+ '(+D'
H" 5/6 5/67
$=(9*>' +*'B(+, &9 ,+ 1'*19*>B+1)2* &9 A1)&' ' ?IB&)&+ &9 =*+ %+89 KB=?1)2* 1=>A*9+ )*0,+(+>'B)+ 6'8'&9 L'(9'?A>)1'- =8+&' ?+B+ 98>)(=,+B ,+ ?B'&=11)2* &9 ,)*0'1)>'8 N+1>9B)+ ?'>9*1)+,(9*>9 ?+>2D9*+ 9*1'*>B+&+ 9* ,'8 (+(:09B'8 N+1>9B)+ *'B(+,(9*>9 9*1'*>B+&+ 9* 9, )*>98>)*' @ D+BD+*>+ <=9 ?=9&9 1+=8+B 9* 9, >9C)&' +D=C9B'8 ,,9*'8 &9 ?=8 K81=1L+B =* 8'*)&' <=9 *' 9P)8>9 9* 9, 9*>'B*'- 1'(' G=(%)&'- ?)>)&' ' B=)&'
F4 5/67 H# 5/67 M 5/67 H" 5/67
Q=('B 1+*19B'8' &9, 98'0+D'
## 5/67 !F 5/67 EJ 5/67
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
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* !!M
$0>+8 %=1+,98 $D+BB'>+()9*>' (=81=,'8 9* D9*9B+, $,1'L',)8('
!E" !E!
X98)'*98 <=9 +?+B919* 8'%B9 ,+ (=1'8+ &9 ,+ %'1+7 K8 B91'(9*&+%,9 +S+&)B ;+*&)&+8 @ K8>'(+>)>)8 +, >B+>+()9*>'
HH 5/67
!EE
$,9BD)+ D9*9B+, &:+ !
!E#
$,9BD)+ D9*9B+, &:+ E
!E4 !EF
$, $,'?91)+ $(9*'BB9+
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
!EH
$*9=B)8(+- 8+*DB9
U),+>+1)'* ,'1+,)G+&+ <=9 89 ?B'&=19 9* ,+8 ?+B9&98 &9 ,+8 +B>9B)+8
!EJ
$*9P)>)8
!E3 !E3
$*D) $*D)*+ *+ &9 ?91L ?91L''
!EM
$*'8()+ $*>)89?>)1' \9*9B+, $*>)89?>)1' \9*9B+,
!#" !##
E4 5/67
K*09B(9&+& )*0,+(+>'B)+ ?I,R)1+ TK/]V TK/]V ' +*9P)>)8- 98 ,+ )*0,+(+1)2* &9 ,'8 'R+B)'8 @ ,+8 >B'(?+8 &9 ^+,'?)'- ,'8 +*9P'8 &9, O>9B' U','B ' (',98>)+ 9* 9, ?91L' <=9 89 8)9*>9 1=+*&' 9, (O81=,' 1+B&)+1' *' B91)%9 8=0)1)9*>9 )BB)D+1)2* 8+*D=:*9+7 ]=9&9 ?+B919B =*+ ?B98)2* ' =* &','B '?B98)R' 9* 9, ?91L'7 ]=9&9 ?+B919B89 + =*+ )*&)D98>)2*7 $ R9198 L+@ &','B 9* ,'8 L'(%B'8- ,'8 %B+G'8- 9, 1=9,,'- ,+ (+*&:%=,+ ' ,+ 98?+,&+ ]9B&)&+ &9, ',0+>'
!3 5/67
H" 5/67
4F 5/67
F! 5/67 E4 5/67 #M 5/67 EJ 5/67 H# 5/67 !" 5/67
Q)9*&9 Q)9*&9 + )*L)%) )*L)%)BB 9, 1B91)() 1B91)()9*> 9*>'' @ ,+ B9?B'& B9?B'&=11) =11)'* '* &9 ()1B'' ()1B''BD+ BD+*)8 *)8('8 ('8 T?B'DB T?B'DB+(+ +(+ 1'B>'V 1'B>'V
#M 5/67 5/67
Q)9* Q)9*&9 &9 + )*L) )*L)%) %)BB 9, 1B91 1B91)( )()9 )9*> *>'' @ ,+ B9?B B9?B'& '&=1 =11) 1)'* '* &9 ()1B ()1B'' ''BD BD+* +*)8 )8(' ('88
JE 5/67 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* !!M
$0>+8 %=1+,98 $D+BB'>+()9*>' (=81=,'8 9* D9*9B+, $,1'L',)8('
!E" !E!
X98)'*98 <=9 +?+B919* 8'%B9 ,+ (=1'8+ &9 ,+ %'1+7 K8 B91'(9*&+%,9 +S+&)B ;+*&)&+8 @ K8>'(+>)>)8 +, >B+>+()9*>'
HH 5/67
!EE
$,9BD)+ D9*9B+, &:+ !
!E#
$,9BD)+ D9*9B+, &:+ E
!E4 !EF
$, $,'?91)+ $(9*'BB9+
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
!EH
$*9=B)8(+- 8+*DB9
U),+>+1)'* ,'1+,)G+&+ <=9 89 ?B'&=19 9* ,+8 ?+B9&98 &9 ,+8 +B>9B)+8
!EJ
$*9P)>)8
!E3 !E3
$*D) $*D)*+ *+ &9 ?91L ?91L''
!EM
$*'8()+ $*>)89?>)1' \9*9B+, $*>)89?>)1' \9*9B+,
!#" !##
E4 5/67
K*09B(9&+& )*0,+(+>'B)+ ?I,R)1+ TK/]V TK/]V ' +*9P)>)8- 98 ,+ )*0,+(+1)2* &9 ,'8 'R+B)'8 @ ,+8 >B'(?+8 &9 ^+,'?)'- ,'8 +*9P'8 &9, O>9B' U','B ' (',98>)+ 9* 9, ?91L' <=9 89 8)9*>9 1=+*&' 9, (O81=,' 1+B&)+1' *' B91)%9 8=0)1)9*>9 )BB)D+1)2* 8+*D=:*9+7 ]=9&9 ?+B919B =*+ ?B98)2* ' =* &','B '?B98)R' 9* 9, ?91L'7 ]=9&9 ?+B919B89 + =*+ )*&)D98>)2*7 $ R9198 L+@ &','B 9* ,'8 L'(%B'8- ,'8 %B+G'8- 9, 1=9,,'- ,+ (+*&:%=,+ ' ,+ 98?+,&+ ]9B&)&+ &9, ',0+>'
!3 5/67
H" 5/67
4F 5/67
F! 5/67 E4 5/67 #M 5/67 EJ 5/67 H# 5/67 !" 5/67
Q)9*&9 Q)9*&9 + )*L)%) )*L)%)BB 9, 1B91)() 1B91)()9*> 9*>'' @ ,+ B9?B'& B9?B'&=11) =11)'* '* &9 ()1B'' ()1B''BD+ BD+*)8 *)8('8 ('8 T?B'DB T?B'DB+(+ +(+ 1'B>'V 1'B>'V
#M 5/67 5/67
Q)9* Q)9*&9 &9 + )*L) )*L)%) %)BB 9, 1B91 1B91)( )()9 )9*> *>'' @ ,+ B9?B B9?B'& '&=1 =11) 1)'* '* &9 ()1B ()1B'' ''BD BD+* +*)8 )8(' ('88
JE 5/67 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
!#E
!#! !#4 !#F
JHJ JHJ
!#H !#J !#J !#3 !#M !4" !4!
!4E
!4# !44 !44
$*>B+P ! R+B)+1)2* /*0911)2* 98>+0),'1'1)1+ )(?'B>+*>9 <=9 0'B(+ =* +%8198' ?B'0=*&' 1'* (+>9B)+, ?=B=,9*>' ,'1+,)G+&' &9 ,+ 0B91=9*1)+ 9* R+B)'8 1'(?+B>)(9*>'8 )*>9B1'*91>+&'87 $,>9B*+B 1'* ,+ 0B91=9*1)+ 'B)D)*+, &9 $*>B+P 'B)D)*+, /*0911)'* 98>+0),'1'1)1+ )(?'B>+*>9 <=9 0'B(+ =* +%8198' ?B'0=*&' 1'* (+>9B)+, ?=B=,9*>' ,'1+,)G+&' 9* R+B)'8 1'(?+B>)(9*>'8 )*>9B1'*91>+&'87 $,>9B*+B 1'* ,+ R+B)+1)'* &9 ,+ 0B91=9*1)+ 'B)D)*+, &9 $*>B+P $?9*&)1)>)8 /*0,+(+1)'* +D=&+ &9, +?9*&)19- 8',' +@=&+ + &98)*0911)'* T)B +, L'8?)>+,V $?9>)>'_$=(9*>' $@=&+ + +=(9*>+B 9, +?9>)>'7 X+ +?*9+ &9, 8=9S' 98 =* >B+8>'B*' 1'(O* 9* 9, <=9 ,+ ?9B8'*+ <=9 ,' 8=0B9 L+19 =*+ ' (A8 ?+=8+8 9* ,+ B98?)B+1)2* ' >)9*9 B98?)B+1)'*98 8=?9B0)1)+,98 &=B+*>9 9, 8=9S'7 $?*9 $?*9++ &9, 8=9S 8=9S'' X+8 ?+=8+8 ?=9&9* &=B+B 9*>B9 =*'8 ?'1'8 89D=*&'8 @ R+B)'8 ()*=>'87 $ (9*=&' '1=BB9* 9*>B9 #" R9198 ' (A8 ?'B L'B+7 ]'B ,' D9*9B+,- ,+ B98?)B+1)2* R=9,R9 + ,+ *'B(+,)&+&- + R9198 1'* =* B'*<=)&' 0=9B>9 ' 1'* =* 8'*)&' ?+B91)&' +, <=9 =*+ ?9B8'*+ L+19 1=+*&' 89 +>B+D+*>+ $?'?,9C)+ <=9 1'*&=19 + $11)&9*>9 19B9%B'R+81=,+B <=9 1'*&=19 + =*+ ?+B+,)8)8 ]+B+,)8)8 $B9*) $B9*),,+ ,,+ 9* `B)* `B)*++ $@=& $@=&++ + ,+ 9P?=,8 9P?=,8)' )'* * &9 +B9*) +B9*),,+ ,,+ ?'B ?'B ,+ 'B)* 'B)*++ @ &98) &98)*0, *0,+(+ +(+1) 1)'* '* &9, &9, 8)8> 8)8>9(+ 9(+ =B)* =B)*+B +B)' )'_9 _9P1B P1B9> 9>'B 'B $B*)1+ 6'8'&9 L'( L'(9'? 9'?+>) +>)1'7 1'7 a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c>B9? ]*9=('*)+9- ;L,+(@&)+ ]*9=('*)+ $B>B)>)8 5@1'?,+8(+ ^9B(9*>+*8- ' %+1>9B)+8 &9*>+,98 <=9 >+(%)I* &9%9* 89B >B+>+&+87 Q+(%)I* +?,)1+B b9=(+>')&9 $*>)8I?>)1' \9*9B+, ' ]+BA8)>'8 TD=8+*'8V 9* D9*9B+,- 8) ,+ +B>B)>)8 *' B9R)9B>97 d8+B 0B91=9*1)+ JHH &=B+*>9 ?9B)'&'8 ?B','*D+&'8 &98?=I8 &9 ,+ B91=?9B+1)2*[ ;'&)D' MH"7 K*09B(9&+& 1B2*)1+ )*0,+(+>'B)+ <=9 +091>+ + ,'8 %B'*<=)'8 <=9 89 1'*>B+9*- @ +=(9*>+* ,+ $8(+ ?B'&=11)2* &9 ('1'7 $8?9 $8?9BD BD), ),,=8 ,=8 ^,+R=8 ^,+R=8 \9*9B \9*9B'' &9 L'*D L'*D'8 '8 <=9 98 0B91= 0B91=9* 9*>9 >9(9* (9*>9 >9 1'*> 1'*>+() +()*+ *+*> *>99 @ ?B'& ?B'&=19 =19 )*091 )*0911) 1)'* '*98 98 *'8' *'8'1'( 1'()+ )+,98 ,98 $*>B+P 0B9<=9*1)+ 'B)D)*+,
4F 5/67
4F 5/67 H" 5/67 ## 5/67
HH 5/67
4F 5/67 !E 5/67 5/67 H 5/67 ## 5/67 !F 5/67 H# 5/6 5/67
## 5/67
HM 5/67 M 5/67 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* !4F !4H !4J !43 !4M
JE!
JHM !F" !F! !FE !FF !F# !F4 !FH !FJ !F3 !FM !H!
$8?9BD),,=8 \9*9B+, $8?9BD),,=8 \,+=1=8 $8?9BD),,=8 6)D9B $8?9BD),,=8 Q9BB9=8 $>+P)+
$=>)8(' &)+ !
/*0911)'* ' B98?=98>+ +,9BD)1+ &9%)&+ +, L'*D' $8?9BD),,=8
EJ 5/67
5'L' +G=, <=9 '1=BB9 9* +,D=*'8 ?B'198'8 )*0911)'8'8 L=(+*'8
!" 5/67
5'L' 1'(=* <=9 ?=9&9 ?B'&=1)B =*+ )*0911)'* DB+R9 @ ?9B8)8>9*>9
!" 5/67
5'L' '1+8)'*+,(9*>9 +8'1)+&+ 1'* ,+ )*0911)'* &9 ,'8 %B'*<=)'8 @ ,'8 ?=,('*98
!" 5/67
QB+8>'B*' 1+B+1>9B)G+&' ?'B =*+ +,>9B+1)'* 9* ,+ 1+?+1)&+& &9 1''B&)*+B ,'8 ('R)()9*>'8 K8 =* >B+8>'B*' 0:8)1' ,)D+&' + =*+ %)','D:+ @ =*+ <=:()1+ +*'B(+,98 9* 9, 19B9%B'7 X+8 1+=8+8 9P+1>+8 &9 98>+8 +*'(+,:+8 89 &981'*'19*7 ]B'%+%,9(9*>9- L+@+ =*+ 1'(%)*+1)2* &9 0+1>'B98 <=9 ,,9R+* + <=9 89 ?B989*>9 9, QK$ TQB+8>'B*' &9, K8?91>B' $=>)8>+V7 K8>+ +0911)2* ?=9&9 89B L9B9&)>+B)+ 9* +,D=*+8 0+(),)+8 @ ,+8 )*R98>)D+1)'*98 (=98>B+* <=9 (=1L'8 D9*98 ?=9&9 98>+B )*R',=1B+&'87 c9 L+* 8'8?91L+&' (=1L+8 '>B+8 1+=8+8 ?'8)%,98- ?9B' *' 89 L+* ?B'%+&'7 $,D=*'8 )*R98>)D+&'B98 1B99* <=9 9, &+S' + =*+ ?+B>9 98?91:0)1+ &9, 19B9%B'- ,,+(+&+ ,+ +(:D&+,+- ?'&B:+ 98>+B )(?,)1+&'7 `>B'8 )*R98>)D+&'B98 98>A* 98>=&)+*&' 8) =* R)B=8 ?=9&9 &989*1+&9*+B ,'8 8:*>'(+87 ]B'DB+(+ 9* &98+BB',,'7 Y)B=8 B9,+1)'*+&'87 e;,'8>B)&)=( &)01),9g- ecL)D9,,+g- e;L,+(@&)+g d*+ 1'*&)1)2* &9 89B 9*R9*9*+&' ?'B &9891L'8 >2P)1'8 ?B'?)'8- <=9 89 D9*9B+* 9* 9, 1=9B?'7 /*0911)'* 1+=8+&+ ?'B ?B'>'G''8 &9, D9*9B' N+%98)+ 6'8'&9 L'(9'?+>)1' c9 9*1=9*>B+ D9*9B+,(9*>9 9* ,'8 )*>98>)*'8 +*)(+,98- @ ?'B 9*&9 9* ,+8 +D=+8 *9DB+8 c9 9*1=9*>B+ D9*9B+,(9*>9 9* ,'8 )*>98>)*'8 +*)(+,98- @ ?'B 9*&9 9* ,+8 +D=+8 *9DB+8 c9 9*1=9*>B+ D9*9B+,(9*>9 9* ,'8 )*>98>)*'8 +*)(+,98- @ ?'B 9*&9 9* ,+8 +D=+8 *9DB+8
F4 5/67
$=>)8(' &)+ E $=>')*>'P)1+1)'* N+%9'8)8 N+1),)=( N+1),,=8 hKi ;',) N+1),,=8 ;',) b'& N+1),,=8 ;',) Y)B=8 N+1),,=8 N+1),,=8 8=%>),)8 @ N+1),,=8 ,)1L9*)0'B()8 8'* &'8 98?91)98 &9 %+1>9B)+87 ]9B>9*919* +, DI*9B' N+1),,=8 X)1L9*'0'B()8 N+1),,=8 c=%>),)8 ;'*C=*>)R)>)8 N+1),,=8 c=%>),)8 Q)?' &9 98?'B+ &)0)1), &9 9,)()*+B- 89 9*1=9*>B+ 9* 1=+,<=)9B >)?' &9 8=9,' 6)D9B a; N+1),,=8 N+1>9B)+ \B+( ?'8)>)R+ <=9 L+%)>+ 9* 9, 8=9,'- @ <=9 89 =>),)G+ 1'(=*(9*>9 1'(' =*+ +,>9B*+>)R+ >L=B)*D)9*8)8 %)','D)1+ +, ?98>)1)&+ N+1>9B)+ X+1>)8 6'8'&9 L'(9'?+>)1' 6'8'&9
H3 5/67
JF 5/67 EJ 5/67 E! 5/67 #" 5/67 !3 5/67 !F 5/67 E! 5/67 !" 5/67 !E 5/67 #" 5/67 !E 5/67 !F 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
!H" FEF FE! !HE !H#
N+1>9B')&98 ^B+D),)8 N),)+B R98:1=,+>B+8>'B*'8 N),)+B- 1+,1=,' N),)B=%)*+ N,+8>'1@8>)8 L'()*)8
#JE
N'1)'
3#3
N'B*+R)B)&+9
JEJ
N'BB9,)+ &:+ !
JE3 !H4 !HF !HH !HJ
N'BB9,)+ &:+ E NB'*<=)91>+8)+8 NB'*<=)>)8 NB'*<=)>)8 +8(+>)1+ NB=19,,+ $%'B>=8
N+1>9B)+ +*+9B'%)+ '%,)D+&+ &9, >B+1>' &)D98>)R'7 `1+8)'*+ 9, M"j &9 ,+8 )*0911)'*98 +*+9B'%)+8
#" 5/67
QB+8>'B*'8 9* D9*9B+, &9 ,+ R98:1=,+ %),)+B
E4 5/67
])D(9*>' %),)+B <=9 ?=9&9 ?B'R'1+B )1>9B)1)+- 9* +,>+8 1'*19*>B+1)'*987 Y)& >+(%)9* L)D+&'
4F 5/67 EJ 5/67
]B'>'G'' <=9 1+=8+ 1=+&B'8 &)+BB9)1'87 ^'B(+ 9(%B)'*+B)+
#M 5/67
X+ 1+=8+ (A8 1'(O* &9 %'1)' 9* 9, (=*&' 98 )&)'?A>)1+7 X+ 89D=*&+ 1+=8+ 98 ,+ &90)1)9*1)+ &9 @'&'98>+&' <=9 89 1'*'19 L+%)>=+,(9*>9 1'(' %'1)' 9*&I()1'7 K, >B+>+()9*>' @ 1=B+1)2* 1'*8)8>9 9* =* 8=?,9(9*>' 9* ,+ +,)(9*>+1)2* 1'* @'&' T9* 0'B(+ &9 @'&=B' ' @'&+>'V7 a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k?+>+&+8k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d8>9& ?=9&9 1'*>B+9B ,+ 9*09B(9&+& 8) ,' ?)1+ =*+ D+BB+?+>+ )*091>+&+7 $DB9D+B + B+<=)>)8('7 5)B+B >B+>+>()9*>' Xl5K
4F 5/67
4F 5/67
#" 5/67
U),+>+1)2* )BB9R9B8)%,9 @ &98>B=11)'* &9 ,+8 ?+B9&98 %B'*<=)+,98 /*0,+(+1)2* +D=&+ ' 1B'*)1+ &9 ,+ (=1'8+ &9, AB%', >B+<=9'%B'*<=)+,
JF 5/67 M 5/67 4# 5/67
/*0,+(+1)'* +D=&+ ' 1B'*)1+ &9 ,+ (=1'8+ &9, +B%', >B+<=9'%B'*<=)+, 9* ?+1)9*>98 1'* +8(+
EJ 5/67
^)9%B9 +%'B>)R+- ('&+,)&+& &9 %B=19,'8)8- 9*&I()1+ 9* 6'B>9+(IB)1+
F 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* !H3 !HM !J" !JE !J! !J# !MJ !J3
!JM
NB=19,,+ 59,)>9*8)8 N=B8)>)8 ;+&9B+- &','B ;+,+(%B98 1'* *+=89+8 ;+,+(%B98 \9*9B+, ;+,+(%B98 (9*8>B=+,98 ;+,(+ @ 8'8)9D'
^'B(+ &9 NB=19,,+ 9*1'*>B+&+ 9* ,+8 1+%B+8 @ 'R9C+8
M 5/67
/*0,+(+1)2* &9 ,+ %',8+ ' 98>B=1>=B+ &9 >9C)&' 1'*91>)R' <=9 B'&9+ =*+ +B>)1=,+1)'* TY)&7 $B>B)>)8V
!F 5/67 H# 5/67
;'*>B+11)2* 98?+8('&)1+ @ D9*9B+,(9*>9 &','B'8+ 1'* *+=89+8
EJ 5/67
;'*>B+11)'* 98?+8('&)1+ @ D9*9B+,(9*>9 &','B'8+ &9 =*' ' (+8 (O81=,'8
!F 5/67
U','B 9* ,+ B9D)2* )*09B)'B &9, +%&'(9*- ?=9&9 89B =*+ 89*8+1)2* &9 12,)1' ' &','B 1'*>)*='
F 5/67
;A*19B <=9 9(?)9G+ 9* ,+8 1I,=,+8 D,+*&=,+B98 T891B9>'B+8V7 X+8 1I,=,+8 D,+*&=,+B98 89 9*1=9*>B+* 9* ;+*19B 9, >9C)&' <=9 B9R)8>9 1)9B>'8 2BD+*'8 )*>9B*'8W ?B'&=19* @ ,)%9B+* 8=8>+*1)+8 9* 9, 1=9B?'- 1'(' 9, $&9*'1+B1)*'(+ ('1'- ,'8 C=D'8 &)D98>)R'8 = '>B'8 ,:<=)&'87 X+ (+@'B:+ &9 ,'8 1A*19B98 &9 (+(+- ?A*1B9+8- ?=,(2*?B28>+>+ @ 1','* 8'* +&9*'1+B1)*'(+87 ;+*19B Q=('B 1'(O* &9 19B9%B' @ 9, 8)8>9(+ *9BR)'8' 19*>B+, $8>B'1@>'(+
!3 5/67 EJ 5/67
## 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
!3"
!3! !3E !3# !34 !3J
b)09 9*1'*>B2 <=9 9, R)B=8 &9, 1A*19B ?'&:+ 1+(%)+B + '>B+ 0'B(+8 ' 1)1,'8 &9 8: ()8(' 8)(?,9(9*>9 ('&)0)1+*&' 8= 9*>'B*' &9 1B91)()9*>'7 e$,>9B+*&' 9, o(9&)' pq ,9R9(9*>9 981B)%:+ b)09 9* !MF#_ *' >9*9('8 =* oNmq r1'(' L9('8 1,+8)0)1+&' 98>9 R)B=8 &9, 1A*19B_ 8)*' ,' <=9 ,,+(+('8 =* oNlq7 K* 98>+ 9>+?+ ' 0'B(+ 8)D=9 8)9*&' =* R)B=8 ?9B' (=1L' (+@'B <=9 9, eNm )*)1)+,g7 Q'&+R:+ B9>)9*9 =* :*&)19 &9 B90B+11)2* ?=B?=B+ B'C' ?9B' *' +>B+R98+B+ ,+ ?'B'8)&+& &9, 0),>B' &9 ?'B19,+*+ s7 K* 98>+ 9>+?+ oNlq B9<=)9B9 =* 0),>B' o6q (=1L' (A8 DB=98'7 K* 8= 9>+?+ 8)D=)9*>9 98>9 ()1B''BD+*)8(' 89 ?B989*>+ 9* 0'B(+ &9 %+1),' 1'1')&97 K8>+ 0'B(+ ?=9&9 89B R)8=+,)G+&+ 0A1),(9*>9 1'* 9, ()1B'81'?)' 98>A*&+B &9 ,+ )*R98>)D+1)2* 1=+*&' 98>+ >)*>+&+ 1'BB91>+(9*>9 1'* =*+ 1'(%)*+1)2* &9 =* R)',9>+ &9 *)>B+>' &9 ?,+>+ @ R)',9>+ D9*1)+*+7 c) +,>9B+('8 ,'8 (9&)'8 '>B+ R9G ?+8+B+ + L'*D'8 1B@>'(@198 ?,9'('B?L)+7 6)*D=*+ &9 98>+8 0'B(+8 ?=9&9* 1+(%)+B89 &9 *=9R' 9* oNmq 9* =* ?9B)'&' &9 H L'B+8 @ ?B'&=1)BA* 9* 9, +*)(+, &9 9P?9B)(9*>+1)2* =* >=('B >:?)1' 1'* >'&+ ,+ ?+>','D:+ &9, >9C)&' ;+*19B NmnR)B=8 *9'?,+8()1' R9B&+&9B' &9 ,+ 1=+, ?'&9('8 B91=?9B+B '>B+ R9G 9, ()1B''BD+*)8(' oNmq7 K8>9 ?B'198' 1'(?,9>' 89 L+ &=?,)1+&' #"" R9198 1'* B98=,>+&'8 )&I*>)1'8 @ ?'8)>)R'87 U98?=I8 &9 =* +S' >'(+('8 98>9 1=,>)R' &9 L'*D'8 )*+1>)R'8 1B@>'(@198 ?,9'('B?L)+ @ ,'8 1=,>)R+('8 9* 8=8 ?B'?)'8 (9&)'8 &9 %+89 +8?+B+D=8 @ *'8 9*1'*>B+('8 1'* <=9 @+ *' L+%:+ (A8 1B@>'(@198 ?,9'('B?L)+ *) 'BD+*)8('8 ('*'1'1')&98 1'(' ,'8 <=9 89 9*1'*>B+%+* 9* ,'8 ('*'1)>'8 &9 ,+ 8+*DB9- *) (A8 oNmq ' oNlq 8)*' <=9 &98&9 9, R)B=8 )*)1)+, +)8,+&' &)B91>+(9*>9 &9 ,+ (+8+ >=('B+, &9, ?91L' L+%:+('8 ,,9D+&' + =* N+1),' ;',) 1+?+G &9 ?+8+B 1=+,<=)9B (I>'&' 1'*'1)&' &9 +*A,)8)8 &9, ,+%'B+>'B)'g7
;A*19B NlnR)B=8 ;A*19B 1+B1)*'(+ %B'*<=)+, ;A*19B 1+B1)*'(+ 1','* ;A*19B 1+B1)*'(+ D9*9B+, ;A*19B 1+B1)*'(+ ,+B)*D9
#H 5/67
b)09 L+%B:+ 1'(?B'%+&' 9, ?,9'('B0)8('7 a+%B:+ &9('8>B+&' 1'(' 9, R)B=8 &9 1A*19B 1+(%)+ 8= 0'B(+ &9?9*&)9*&' &9 8= +(%)9*>97 a+%B:+ 1'*0)B(+&' 9, >B+%+C' &9 N91L+(?- &9 p9*&+,,- &9 b'89*'t- &9 s9,1L @ &9 =* 9CIB1)>' &9 %+1>9B)2,'D'8 ?,9'('B0)8>+8 <=9 R9*&B:+* &98?=I8 &9 I, @ <=9 >=R)9B'* <=9 1'(%+>)B 1'*>B+ 9, 8)8>9(+7 8)(), Nm
E! 5/67
c9 9*1=9*>B+* 1I,=,+8 1+*19B'8+8 9* ,'8 %B'*<=)'8
E4 5/67
c9 9*1=9*>B+* 1I,=,+8 1+*19B'8+8 9* ,+ (=1'8+ T1+?+ (A8 )*>9B*+V &9, 1','* ' ,+ ?+B9& B91>+,
#H 5/67
;A*19B <=9 9(?)9G+ 9* ,+ ?)9, ' 9* ,'8 >9C)&'8 <=9 B9R)8>9* ' 1=%B9* ,'8 2BD+*'8 )*>9B*'8
!F 5/67
c9 9*1=9*>B+* 1I,=,+8 1+*19B'8+8 9* 9, B9R98>)()9*>' &9 ,+ ,+B)*D9
!E 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* !33 !M" E3M !ME !M! !M# !MF !J4 !JF !JH !MM
E"" !3F E"E
;A*19B 1+B1)*'(+ K, 1+B1)*'(+ &9 1I,=,+8 %+8+,98 1+8) 8)9(?B9 98 =*+ 0'B(+ &9 1A*19B &9 ?)9, &9 1B91)()9*>' ,9*>'7 ?)9, 19,=,+B %+8+, ;A*19B 1+B1)*'(+ K8>9 >)?' &9 1A*19B ?=9&9 98>+B '1+8)'*+&' ?'B =* R)B=8 T9, ?+?),'(+R)B=8 L=(+*'V <=9 89 1'*>+D)+ + =>9B)*' >B+RI8 &9 ,+8 B9,+1)'*98 89P=+,987 09B(9*>+>)R' ;A*19B ;','* K, D,)'(+ 98 =* >)?' &9 *9'?,+8)+ <=9 89 ?B'&=19 9* 9, 19B9%B' ' 9* ,+ (I&=,+ 98?)*+,7 c9 ,,+(+ D,)'(+;A*19B &9 D,)'(+ @+ <=9 8=BD9 + ?+B>)B &9 1I,=,+8 D,)+,987 c= =%)1+1)2* (A8 0B91=9*>9 98 9, 19B9%B'- R9B +8>B'1@>'(+ T R9B 19B9%B' >=('B 12&)D' EF!V7 ;A*19B &','B ;A*19B $0911)2* (+,)D*+ <=9 +091>+ >9C)&' 1'*91>)R' @ 89 &98+BB',,+ BA?)&+(9*>9 &98&9 ?9<=9S'8 %=,>'8 0)%B'8+B1'(+ 8'%B9 ,+ ?)9,7 b9+,)19 Nm @ Nl R)B=87 ;A*19B DA8>B)1' ;A*19B 8)>=+&' 9* +,D=*+ ?+B>9 &9, +?+B+>' &)D98>)R' +&9*'1+B1)*'(+ ;A*19B \9*9B+, &:+ ! ;A*19B \9*9B+, &:+ E ;A*19B \9*9B+, &:+ # Q)?' &9 >=('B 19B9%B+, &9 1B91)()9*>' BA?)&' &9, 8)8>9(+ *9BR)'8' 19*>B+, <=9 89 0'B(+ + ?+B>)B &9, ;A*19B >9C)&' D,)+, T&9 8'8>I*V &9, 19B9%B' @ ,+ (I&=,+ 98?)*+,W >)9*9 1I,=,+8 1=@' +8?91>' 98 (=@ &)09B9*>9 +, D,)'%,+8>'(+ &9 ,+8 1I,=,+8 *'B(+,987 ;A*19B D,)'%,+8>'(+ \,)'%,+8>'(+ 1'* >9(%,'B98 >B9('B ;A*19B L:D+&' c9 9*1=9*>B+* 1I,=,+8 1+*19B'8+8 9* 9, L:D+&' d*+ 0'B(+ &9 (+,)D*)&+& 1+B+1>9B)G+&+ ?'B 9, +DB+*&+()9*>' &9 ,'8 *'&'8 &9 ,+ ,)*0+- %+G' @ >9C)&' ;+*19B a'&Du)*8 ,)*0A>)1' @ + (9*=&' )*1,=@9 ,+ ?IB&)&+ &9 ?98'- &9 0)9%B9- 8=&'B98 *'1>=B*'8- @ +*9()+7 Q+(%)I* 9*09B(9&+& ,,+(+&' ,@(?L'DB+*=,'(+7 Q+(%)I* R9+ ;L,+(@&)+ 69=('*)+7
4E 5/67 JF 5/67 43 5/67 J3 5/67 E! 5/67 H 5/67 E4 5/67 HH 5/67 JE 5/67 JE 5/67 4E 5/67
M 5/67 !3 5/67 4F 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
E"#
;A*19B p+?'8)8 c+B1'(+
E"4
;A*19B X9=19()+
E"M
;A*19B X9=19()+ ;I,=,+8 Q
E"3
;A*19B X9=19()+ X)*0A>)1+
E"H E"F F!# E!" E!!
;A*19B X9=19()+ ()9,')&9 ;A*19B X9=19()+n19,=,+8 ?),'8+8 ;A*19B X9=19()+a+)B@ ;9,, ;A*19B X)*0'8+B1'(+ ;A*19B 59,+*'(+ 59>A8>+8)8
K, 8+B1'(+ &9 p+?'8) 98 =* >=('B (+,)D*' &9, 9*&'>9,)' ,)*0A>)1' 1+=8+&' ?'B 9, Y)B=8 &9, 8+B1'(+ &9 p+?'8)7 X+ 9*09B(9&+& 0=9 &981B)>+ ?'B 9, &9B(+>2,'D' LO*D+B' 9* Y)9*+ 9* 9, +S' !3JE- %+C' 9, *'(%B9 &9 k8+B1'(+ (O,>)?,9 ?)D(9*>+&' )&)'?A>)1'k7 c=8 8)D*'8 8'* ,98)'*98 &9 1','B B'C' +G=,+&'- ?,+*+8 ' 9,9R+&+8 @ 1'* =*+ 0'B(+ )BB9D=,+B- 9, 8+*DB+&' ?'B ,+8 ,98)'*98 D+8>B')*>98>)*+,98- ,+ &)0)1=,>+& ?+B+ B98?)B+B ?'B ,+8 ,98)'*98 ?=,('*+B98 @ 9, 98?=>' 1'* 8+*DB9 >+(%)I* ?'B ,+8 ,98)'*98 ?=,('*+B987 X+ ,9=19()+ 98 =* DB=?' &9 9*09B(9&+&98 (+,)D*+8 &9 ,+ (I&=,+ 289+ T1A*19B L9(+>',2D)1'! V <=9 ?B'R'1+ =* +=(9*>' &981'*>B',+&' &9 ,9=1'1)>'8 9* ,+ ()8(+7 c)* 9(%+BD'- 9* +,D=*'8 >)?'8 &9 ,9=19()+8 >+(%)I* ?=9&9* +091>+B89 1=+,<=)9B+ &9 ,'8 ?B91=B8'B98 &9 ,+8 &)09B9*>98 ,:*9+8 19,=,+B98 &9 ,+ (I&=,+ 289+- 1'(' ,'8 ?B91=B8'B98 ()9,')&98- ('*'1:>)1'8- 9B)>B')&98 ' (9D+1+B)'1:>)1'87 Q)?' &9 ,9=19()+ &9 9R',=1)2* BA?)&+ ?'B ,+ <=9 89 9*1=9*>B+* &9(+8)+&'8 ,)*0'%,+8>'8 &9 1I,=,+8 Q TD,2%=,'8 %,+*1'8 )*(+&=B'8V 9* ,+ (I&=,+ 289+ @ ,+ 8+*DB97 Q+(%)I* 89 ,,+(+ ,9=19()+ ,)*0'%,A8>)1+ +D=&+ &9 1I,=,+8 Q @ ,9=19()+ ,)*0'%,A8>)1+ &9 1I,=,+8 Q ?B91=B8'B+87 Q)?' &9 ,9=19()+ &9 9R',=1)2* BA?)&+ ?'B ,+ <=9 89 9*1=9*>B+* &9(+8)+&'8 ,)*0'%,+8>'8 TD,2%=,'8 %,+*1'8 )*(+&=B'8V 9* ,+ 8+*DB9 @ ,+ (I&=,+ 289+7 Q+(%)I* 89 ,,+(+ ,9=19()+ ,)*0'%,A8>)1+ +D=&+ @ XX$7 K*09B(9&+& &9 9R',=1)2* ,9*>+ ?'B ,+ 1=+, 89 9,+%'B+* &9(+8)+&'8 D,2%=,'8 %,+*1'8 T*' ,)*0'1)>'8V 9* ,+ (I&=,+ 289+7 Q+(%)I* 89 ,,+(+ ,9=19()+ ()9,2D9*+ 1B2*)1+ TX5;V7 Q)?' ?'1' 1'(O* &9 ,9=19()+ 9* ,+ <=9 89 ?B989*>+* ,)*0'1)>'8 >)?' N T>)?' &9 D,2%=,' %,+*1'V +*'B(+,98 9* ,+ (I&=,+ 289+- 9, %+G' @ ,+ 8+*DB9 ?9B)0IB)1+7 ;=+*&' 89 '%89BR+* %+C' =* ()1B'81'?)'98>+8 1I,=,+8 ?+B919* 98>+B 1=%)9B>+8 1'* &)()*=>+8 ?B','*D+1)'*98 ?+B91)&+8 +, ?9,'7
M 5/67
#" 5/67
4F 5/67
#H 5/67 #H 5/67 43 5/67
5+,)D*' +=(9*>' +*'B(+, 9* 9, *O(9B' &9 1I,=,+8 Q- =* >)?' &9 ,)*0'1)>'7
!3 5/67
Q=('B (+,)D*' &9, >9C)&' ,)*0A>)1'
#H 5/67
^'B(+ &9 1A*19B <=9 9(?)9G+ 9* ,'8 (9,+*'1)>'8 T,+8 1I,=,+8 <=9 9,+%'B+* 9, ?)D(9*>' (9,+*)*+V7 ]=9&9 9(?9G+B 1'(' =* ,=*+B T(9,+*'(+ 1=>A*9'V- ?9B' >+(%)I* ?=9&9 1'(9*G+B 9* '>B'8 >9C)&'8 ?)D(9*>+&'8 1'(' 9* 9, 'C' ' 9* ,'8 )*>98>)*'87
!3 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
E!E
E#J E#3 E!#
E!4
E!H
X+ ()1'8)8 0=*D')&9 @ 8:*&B'(9 &9 cIG+B@ T5^ZccV 8'* *9'?,+8)+8 &9 ,)*0'1)>'8 Q (+,)D*'8 <=9 ?'899* D9*9B+,(9*>9 9, 09*'>)?' &9 8=?9B0)1)9 &9 ,+8 1I,=,+8 +=P),)+B98Z)*&=1>'B+87 K8>'8 >)?'8 &9 *9'?,+8(+8 )*)1)+,(9*>9 89 ?B989*>+* 1'(' +091>+1)2* &9 ,+ ?)9,- ?'B ,' <=9 89 L+* 1,+8)0)1+&' 1'(' ,)*0'(+8 1=>A*9'8 &9 1I,=,+8 Q7 X+ 1,+8)0)1+1)2* b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v7 T]+B+ (+@'B )*0'B(+1)2*- 1'*8=,>+B 9, 8=(+B)' &9, ]Uv 8'%B9 9, QB+>+()9*>' &9, ,)*0'(+ *' a'&Du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
!F 5/67
M" 5/67 H" 5/67 JF 5/67
H# 5/67
HH 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
!M3
;A*19B ?91L' 4
FFJ
E!3 J"3 E!M EE"
EE!
;A*19B ])9,
;A*19B ],+8(+1)>'(+ ;A*19B ]B'8>+>+ ;A*19B ]B28>+>+ &:+ ! ;A*19B ]B28>+>+ &:+ E
;A*19B ]=,('*
5=1L'8 1A*19B98 &9 (+(+ >+(%)I* 89 &98+BB',,+* +*>9 =*+ 9,9R+&+ ?B989*1)+ &9 98>B2D9*'7 ]9B' 9, (9&)' +(%)9*>9 T?,A8>)1'8- +,D=*'8 ?B'&=1>'8 <=:()1'8V- +8: 1'('- 9, 1=9B?' &9 ,+ (=C9B- 1'*>)9*9 8=8>+*1)+8 8)(),+B98 +, 98>B2D9*' <=9 89 +&L)9B9* + ,'8 B919?>'B98 &9 98>B2D9*' 9* ,+8 1I,=,+8- @ <=9 ?B'&=19* 9091>'8 8)(),+B98 + ,+8 L'B('*+87 X' ()8(' '1=BB9 1'* ,'8 ?B'&=1>'8 &9 8'C+ 09B(9*>+&'87 c=8 0)>'98>B2D9*'8 T98>B2D9*'8 &9 ,+ ?,+*>+V- *' &98D,'8+&'8 &=B+*>9 9, ?B'198+()9*>'- 8'* 1)9*>'8 &9 R9198 (A8 ?'>9*>9 <=9 9, 98>B2D9*' *+>=B+, &9, 89B L=(+*' @ +,>9B+* (=1L+8 0=*1)'*98 1'B?'B+,987 Y9+ >+(%)I* kY)B=8 &9 K?8>9)*_N+BB Z c:*&B'(9 &9 ('*'*=1,9'8)8 )*0911)'8+ Z ^+>)D+ ;B2*)1+ T;^cVk @ kQ)?' &9 a9B?98 H-k @+ <=9 ,+ )*R98>)D+1)2* (I&)1+ B91)9*>9 )*&)1+ <=9 98>'8 R)B=8 8'* 0B91=9*>98 9* 9, 1A*19B &9 (+(+ +DB98)R'7 X+8 8)D=)9*>98 0B91=9*1)+8 0=9B'* 1+,1=,+&+8 ?'B w)(()9 a',(+*7 c'* =* 1'*D,'(9B+&' (+>9(A>)1' &9 0B91=9*1)+8 +*>9B)'B98- @ 98>A* 9* =* B+*D' (A8 +,>'- ?'B 98>'- 8'* (A8 90)1+19877 &=B+1)'* E[EJ L87 X'8 >=('B98 +?+B919* 1'* (+@'B 0B91=9*1)+ 9* ,+ 1+B+- ,+8 'B9C+8- ,'8 ,+%)'8- 9, 1=9,,'- 9, 1=9B' 1+%9,,=&' 1+,R'- (+*'8- L'(%B'8- %B+G'8 @ 98?+,&+7 X+ ?)9, <=9 98>A ,98)'*+&' ?'B <=9(+&=B+88=8>+*1)+8 <=:()1+8- O,19B+8 1B2*)1+8- ,+8 1)1+>B)198 @ ,'8 B+@'8 m @ &9 ,+8 1+%)*+8 &9 %B'*19+&'- <=9 &)8?9*8+* ,'*D)>=&98 &9 '*&+ ?9,)DB'8'8 &9 ,+ ,=G dY 98 (A8 ?B'?9*8' +, 1A*19B7 X+8 ?9B8'*+8 1'* ?)9, 1,+B+- 1+%9,,' 1,+B' @ 'C'8 +G=,98 ' R9B&98- +8: 1'(' ?9B8'*+8 1'* ,+ 0=*1)2* )*(=*9 ?'%B9- 98>A* 9* (+@'B B)98D' <=9 ,'8 'C'8 '81=B'8- ,+8 ?9B8'*+8 &9 ?)9, (A8 '81=B+7 Q=('B 9* 9, ?,+8(+ 19,=,+B <=9 '1=BB9 9* ,+ (I&=,+ 289+- 1'(' 9* 9, ()9,'(+ (O,>)?,9- ' 0=9B+ &9 ,+ (I&=,+- 1'(' ,'8 >=('B98 9* ,+8 (=1'8+8 &9 ,+ *+B)G- %'1+ @ D+BD+*>+ ]B'DB+(+ D9*9B+, ?+B+ 1+*19B ?B'8>+>)1' ;$^X[ ?=9&9 =>),)G+B 1)B=D)+ ?'B ,+89B R9B&97
!3F 5/67
!!E 5/67
!E 5/67 !!J 5/67
Q+(%)I* R9B $&9*'(+ ?B'8>A>)1' 9 a)?9B?,+8)+ ?B'8>A>)1+
3! 5/67
Q+(%)I* R9B $&9*'(+ ?B'8>A>)1' 9 a)?9B?,+8)+ ?B'8>A>)1+
4E 5/67
Q9*D+ 9* 1=9*>+ <=9 1=+*&' 89 (+>+* ()1B'%)'8 9* 9, >B+>+()9*>' 1'*>B+ 9, 1A*19B- 9, +D=+ ?9B(+*9197 K* ,'8 ?=,('*98 T@ >+(%)I* 9, 19B9%B'V- *' L+@ ,=D+B ?+B+ <=9 9, +D=+ &B9*9- ?'B ,' <=9 ?=9&9 >9*9B <=9 ?B','*D+B ,'8 >B+>+()9*>'8 1'* 0B91=9*1)+8 b)09 L+8>+ <=9 89 B9+%8'B%+ 9, +D=+7 U'8 R)B=8 1'(=*98 L+* 8)&' B91)9*>9(9*>9 +8'1)+&' 1'* 9, 1A*19B &9 ?=,(2*[ k]+?),'(+ Y)B=8 Z Y)B=8 &9, ]+?),'(+ a=(+*' TY]aVk @ kb=%I',+ Z c+B+(?)2*k7
E4 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
EEE
EE#
EEF
!JJ EEJ
EE3
E#4 E#! E#E
;A*19B BL+%&'(@'8+B1' (+ ;A*19B BL+%&'(@'8+B1' (+ 9(%B)'*+, ;A*19B c+B1'(+ \9*9B+,
;A*19B <=9 89 0'B(+ 9* 9, >9C)&' %,+*&' &9 =* >)?' &9 (O81=,' ,,+(+&' (O81=,' 98>B)+&'7 K, B+%&'()'8+B1'(+ 89 ?=9&9 ?B989*>+B 9* 1=+,<=)9B ,=D+B &9, 1=9B?'7
F4 5/67
Q=('B &9, >9C)&' %,+*&' <=9 98 (A8 1'(O* 9* ,'8 ,+1>+*>98 @ ,'8 *)S'8 ?9<=9S'87 K(?)9G+ 9* ,'8 (O81=,'8- L+%)>=+,(9*>9 9* ,+ 1+%9G+- 9, 1=9,,' ' ,+8 R:+8 D9*)>'=B)*+B)+87
HH 5/67
Q)?' &9 1A*19B <=9 9(?)9G+ 9* 9, L=98' ' 9* ,'8 >9C)&'8 %,+*&'8 &9, 1=9B?'- 1'(' 9, 1+B>:,+D'- ,+ DB+8+- ,'8 (O81=,'8- ,'8 R+8'8 8+*D=:*9'8- 9, >9C)&' 0)%B'8' = '>B' >9C)&' 1'*C=*>)R' ' &9 8'8>I*7 X'8 &)09B9*>98 >)?'8 &9 8+B1'(+ &9?9*&9* &9, ,=D+B &'*&9 89 0'B(+ 9, 1A*19B7
## 5/67
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c) 98>A 9*09B(' ' >'(+ +*>)%)2>)1'8- ?=9&9* (=,>)?,)1+B89 @ 1+=8+B =*+ )*0911)2*7 X+8 )*0911)'*98 ?'B 1A*&)&+ +091>+* &)8>)*>+8 ?+B>98 &9, 1=9B?' &9 &)8>)*>+8 (+*9B+8[ X+ (=D=9> ' 1+*&)&)+8)8 'B+, 98 =*+ )*0911)2* ?'B L'*D'8 <=9 1+=8+ (+*1L+8 %,+*1=G1+8 9* ,+ %'1+7 X+ 98'0+D)>)8 98 (=D=9> T1+*&)&)+8)8 'B+,V <=9 89 &)89()*+ L+1)+ 9, 9820+D'- 9, >=%' <=9 ,,9R+ ,+ 1'()&+ &98&9 ,+ %'1+ L+1)+ 9, 98>2(+D'7 X+ 98'0+D)>)8 ?=9&9 L+19B <=9 >B+D+B 89+ &)0:1), ' &','B'8'7 X+8 ;A*&)&+ HM 5/67 (=C9B98 ?=9&9* >9*9B )*0911)'*98 R+D)*+,98 ?'B 1A*&)&+ 1'* ?)1+G2*- &','B @ 891B91)2*7 X+8 )*0911)'*98 9* ,+ ?)9, ?'B 1A*&)&+ 1+=8+* ?)1+G2* @ 9B=?1)'*98 1=>A*9+87 X+ 1+*&)&)+8)8 9* ,+ 8+*DB9 ?=9&9 ?'*9B ,+ R)&+ 9* ?9,)DB'7 X'8 +*>)()12>)1'8 ?=9&9* 9,)()*+B ,+8 )*0911)'*98 ?'B 1A*&)&+ 9* ,+ (+@'B:+ &9 ,+8 ?9B8'*+87 c) >)9*9 9, 8)8>9(+ )*(=*',2D)1' &9%),)>+&'- 9, >B+>+()9*>' ?=9&9 89B (A8 &)0:1),7 Y9B >+(%)I* ?+BA8)>'8 9* D9*9B+,- ,'(%B)198 @ +81+B)8 8) 9, >B+>+()9*>' ?+B+ ;A*&)&+ *' &+ B98=,>+&'8 + ,+BD' ?,+G'7 a+@ +=>'B98 <=9 8'8>)9*9* <=9 ,+ ;A*&)&+ *' ?=9&9 89B 9,)()*+&+ 8)* =*+ >9B+?)+ &9 &98)*>'P)1+1)2* &9 (9>+,98 ?98+&'8 ;A*&)&+ /*1,=@9 >'&'8 ,'8 L'*D'8 @ R)B=87 c',' =* ()*=>' ?'B 0B91=9*1)+- B9?9>)B >B98 R9198 + ,+ 89(+*+7 !HE 5/67 ;A*&)&+ $,%)1+*8 H# 5/67 ;A*&)&+ !E 5/67 ;+B1)*'(+8
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* EEM E#" E## E#F
;A*&)&+ &:+ ! ;A*&)&+ &:+ E ;A*&)&+ &:+ # ;A*&)&+ &:+ 4
E#H
;A*&)&+ QB'?)1+,)8
E4"
;+B%' $*)(+,)8 ;+>+B+>+ %B=*9819*>9 ;+>+B+>+ 1'(?,)1+1)2*
E4H E4J
E4#
;+>+B+>+ D9*9B+, &:+ !
E43
;+>+B+>+ \9*9B+, &:+ E
E4M
EF" EFE EJH M""
;+>+BB'
/*1,=@9 >B+>+()9*>' ?+B+ 1+B1)*'(+8 1+*&)&+ @ 1+*&)&+ >B'?)1+,)8
HH 5/67 4F 5/67 4E 5/67 4F 5/67 !F 5/67
b9(9&)' L'(9'?A>)1'
F 5/67
;+>+B+>+ (=@ 9R',=1)'*+&+- &9 +8?91>' (+BB'*A19' @ 9P>B9(+&+(9*>9 &=B+7
!H 5/67
U9B)R+&+ &9 =*+ 1)B=D:+ ' &9 '>B+ 9*09B(9&+&
!E 5/67
d*+ 1+>+B+>+ 98 =*+ *=%'8)&+& T'?+1)&+&V 9* 9, 1B)8>+,)*' &9, 'C' <=9 &)0)1=,>+ ,+ R)8)2*7 X+8 1+>+B+>+8 8'* =* ?B'%,9(+ <=9 >'&+ ,+ ?'%,+1)2* R+ + ?+&919B 9* +,DO* ('(9*>'7 c)* 9(%+BD'- *' 8'* ('>)R' &9 +,+B(+7 6' 89 >B+>+ &9 *)*D=*+ 9*09B(9&+& 8)*' &9 =* 9*R9C91)()9*>' '1=,+B- @ 1'(' >+,- >'&'8 ,,9D+B9('8 + ?+&919B,+87 $1>=+,(9*>9- ,+ 1)B=D:+ 98 9, (9C'B >B+>+()9*>'7 d8+B >+(%)I* ,+ 02B(=,+ <=9 ?B'?'B1)'*+ 8=?,9(9*>' +*>)'P)&+*>9 ?+B+ 9R)>+B ,+ &9D9*9B+1)2* (+1=,+B7
J3 5/67
H4 5/67 K, 1+>+BB' 1'(O* 98 =*+ )*0911)2* R:B)1+ &9, +?+B+>' B98?)B+>'B)'- <=9 *'B(+,(9*>9 1=B8+ 8)* 0)9%B9 @ 89 (+*)0)98>+ 1'* )*0,+(+1)2* &9 ,+8 R:+8 B98?)B+>'B)+8 8=?9B)'B98[ *+B)G- D+BD+*>+- >B+<=9+- ,+B)*D989*'8 *+8+,98 @ ':&'7
c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c>B9?>'1=11=8- B9+,)19 >+(%)9* c>+?L@,'1'11=8 +=B9=87 ;9,=,)>)8 &)+ ! ]B'DB+(+ 1'(?=98>' &9 9,)()*+1)2* &9 R)B=8 %+1>9B)+8- DB+8+8 @ +1>)R+1)2* &9 8)89(+ ,)*0A>)1'
#" 5/67
!" 5/67 4E 5/67 J3 5/67 FJ 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* M"! M"E EF# EF4
EFF
EFH
EF!
EFJ EF3 EFM EH"
;9,=,)>)8 &)+ E ;9,=,)>)8 &)+ # ;9?L+,'8L'B)=( ;9?L+,'>L91)=(
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a+@ +=>'B98 <=9 B91'()9*&+*- 9* &9>9B()*+&'8 1+8'8- *' 98>+%,919B 9, &)+D*28>)1' L+8>+ ,'8 F +S'8 &9 9&+&7 d* <=)8>9 )*>9B?'8)>=( R)>9,+ 98 =* <=)8>9 19B9%B+, <=9 1B919 9* ,+ ?+B>9 &9, 19B9%B' &9 ,+ <=9 >'(+ 8= ;9B9%B'- v=)8>9 *'(%B97 d* <=)8>9 *' 98 =*+ *9'?,+8)+ T1B91)()9*>' &9 *=9R+8 1I,=,+8V @ *' 89 1'*8)&9B+ =* >=('B0)%B')&9 89DO* ,+ $8'1)+1)2* $(9B)1+*+ &9 ;)B=C+*'8 69=B',2D)1'87 Q:?)1'8 <=)8>98 19B9%B+,98 8'* =*+ +1=(=,+1)2* &9 ,:<=)&' 9*1+?8=,+&' 9* =*+ 98>B=1>=B+ &9 1'*0)*+()9*>'7 K8>' )*1,=@9 >=('B98 9* ,+ (I&=,+ 98?)*+,- +8: 1'(' 9* 9, 19B9%B'7 Q9*D+ 9* 1=9*>+ <=9 1=+*&' 89 ;9B9%B'- Q=('B- (+>+ ()1B'%)'8 9* 1+8'8 &9 1A*19B- 9, +D=+ ?9B(+*9197 K* 9, 19B9%B' T@ >+(%)I* 9* ,'8 ?=,('*98V- *' $8>B'1@>'(+ L+@ ,=D+B ?+B+ <=9 9, +D=+ &B9*9- ?'B ,' <=9 &9%9 +,+BD+B 9, >B+>+()9*>' L+8>+ <=9 9, +D=+ 89 R=9,R9 + +%8'B%9B7 ;9B9%B'8?)*+, ]B'%,9(+8 c91B91)'* +(+B),,9*>+ ' (+BB'*+19+ ?B'&=1)&+ ?'B ,+8 D,+*&=,+8 8=&'B)?+B+8 +?'1B)*+8 R98>)D)+,98 ;9B=(9* &9, 1'*&=1>' +=&)>)R' 9P>9B*'7 KP1B919*1)+ &9 >9C)&' 9?)>9,)+, 1),)*&B)1' &9, 1'*&=1>' 9*&'19BR)1+,- =*)&' ?'B ,' D9*9B+, + ,+ ?+B9& &9, ;9BR)1+,- ]',)?' 1'*&=1>' (9&)+*>9 =* ?9&)1=,' &9,D+&'7 ;9BR)1)>)8 /*0,+(+1)'* +D=&+ ' 1B'*)1+ &9, 1=9,,' =>9B)*' )*0,+(+1)'*98
F4 5/67 HH 5/67 M 5/67 M 5/67
E4 5/67
#M 5/67
JF 5/67
!" 5/67 !F 5/67 !3 5/67 !E 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
EH4
EHE
EH# EHF
;L,+(@&)+ T&9, DB)9D' xyz{|} Z xyz{|~•}- uL,+(€8 Z uL,+(€&8[ k1+?+k ' k9*1+?'>+&'kV 98 =* DI*9B' &9 %+1>9B)+8 DB+(*9D+>)R+8 ?9B>9*91)9*>9 + ,+ 0+(),)+ ;L,+(@&)+19+9- 'B&9* ;L,+(@&)+,98- 0),' ;L,+(@&)+97 K8 ,+ 9*09B(9&+& %+1>9B)',2D)1+ (A8 1'(O*- ?B'%+%,9(9*>9 89 >B+*8()>9 + >B+RI8 &9, 89P' R+D)*+,+*+, @ 'B+,W +8: 1'('- +, 1'(?+B>)B C=D=9>98 89P=+,987 c9 1=B+ 1'* =* +*>)%)2>)1' @ ,+ (9C'B ?B9R9*1)2* 98 9, ?B989BR+>)R'7 ;+8>9,,+*)G+&' 1'(' k1,+()&)+k- @ D9*IB)1+(9*>9 9*>9*&)&' 1'(' ?,=B+, Tk,+8 1,+()&)+8kV ?+B+ L+19B ;L,+(@&)+ D9*9B+, B909B9*1)+ + ,+ 98?91)9 ;L,+(@&)+7 ;,:*)1+(9*>9- 89 B91'*'19* +1>=+,(9*>9 ‚?+B+ 9, 89B L=(+*'‚ 1=+>B' 98?91)98 ?+>'DI*)1+8 )(?'B>+*>98[ ;7 >B+1L'(+>)8- ;7 ?*9=('*)+9- ;7 ?8)>>+1) @ ;7 ?91'B=(7 X+8 &'8 ?B)(9B+8 89 1'*8)&9B+* ?+BA8)>'8 98>B)1>'8 &9, 89B L=(+*' @ &9 >B+*8()8)2* )*>9BL=(+*+ T?B'&=1>'B+8 &9 9*09B(9&+& )*091>'1'*>+D)'8+V7 K* 1+(%)'- ;7 ?8)>>+1) @ ;7 ?91'B=( 8'* ?+>2D9*'8 ?B)(+B)'8 &9 +R98 @ (+(:09B'8 T'R9C+8- 1+%B+8- 19B&'8 @ u'+,+8V- @ ,+8 ?9B8'*+8 89 )*091>+* +11)&9*>+,(9*>9 ?'B 1'*>+1>' 1'* +*)(+,98 )*091>+&'8 T?B'&=1>'B+8 &9 9*09B(9&+& G''*2>)1+V7 X+ ;L,+(@&'?L),+ ?*9=('*)+9 T>+(%)I* ,,+(+&+ ;L,+(@&)+ ?*9=('*)+9V 98 =*+ 98?91)9 &9 %+1>9B)+ ?+>2D9*+7 Q)9*9 =*+ ?+B9& 19,=,+B &9 1,+()&)+- ,+ 1=+,- +, )D=+, <=9 >'&+8 ,+8 %+1>9B)+8 \B+( *9D+>)R+81'*8>+ &9 &'8 (9(%B+*+8 0'80',)?:&)1+8 1'*>)D=+8[ =*+ )*>9B*+ @ '>B+ 9P>9B*+7 K*>B9 +(%+8 89 B91'*'19 =* 98?+1)' ?9B)?,A8()1'7 c)* 9(%+BD'- ,+ 1+?+ &9 ?I?>)&'D,)1+*' <=9 L+%)>=+,(9*>9 '1=?+ 98>9 98?+1)' 9* >'&'8 ,'8 \B+( *9D+>)R'8- *' 9P)8>9 9* ,+8 1,+()&)+87 c= B9,+>)R+ B)D)&9G 98>A &+&+ ?'B ;L,+(@&)+ ,'8 9*,+198 &)8=,0=B'8 &9 ,+8 ?B'>9:*+8 )*>9DB+,98 &9 ,+ (9(%B+*+ 9P>9B*+7 ;'(' 1'*891=9*1)+- 8= ]*9=('*)+ ?+B9& 19,=,+B 98 (A8 8=819?>)%,9 + ,'8 1+(%)'8 '8(2>)1'87 X+8 1,+()&)+8 ?B989*>+* &'8 ('B0','D:+8 &)8>)*>+8- +8'1)+&+8 0=*1)'*+,(9*>9 + 8= 1)1,' B9?,)1+>)R'[ 9, 1=9B?' 9,9(9*>+, T;KV @ 9, 1=9B?' B9>)1=,+&' T;bV7 K, ;K 98 ,+ 0'B(+ )*091>+*>97 K, ;b 98 (A8 DB+*&9- @ 98 8=819?>)%,9 + ,'8 1+(%)'8 '8(2>)1'8- 98 ,+ 0'B(+ B9?,)1+>)R+ @ 89 9*1=9*>B+ 9* 9, )*>9B)'B &9 ,+ 1I,=,+ L=I8?9&7 ;L,+(@&)+ /*0911)2* %+1>9B)+*+- ?'B ,' D9*9B+,- &9 >B+*8()8)2* 89P=+, <=9 1+=8+ 9, >B+1'(+- 1'*C=*>)R)>)8QB+1L'(+>)8 ,)*0'DB+*=,'(+- =B9>B)>)8- @ ?B'1>)>)87 ;)B1=,+1)'*&98'B&9*98d8' D9*9B+, 8+*DB97 8+*DB9
#H 5/67
4F 5/67
#" 5/67 !F 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
EH3
;)B1=,+1)'*98>+8)8- 8+*DB9
EHM
;)BB'8)8 %),)+B
EJ"
;)BB'8)8 L9?+>)1+
EJ! EJE
EJ#
EJ4 EJJ EJ3 E3" EJM E3!
;)8>)>)8 ;B'*)1+ ;,+&'8?'B)=( 0=,R=(
;,+=&)1+1)'* )*>9B()>9*>9
;,'8>B)&)=( &)00)1),9 ;',91)8>)>)8 +D=&+ ;',91)8>)>)8 1B'*)1+ ;2,9B+ &:+ ! ;2,9B+ &:+ E ;',98>9+>'(+
E3E
;2,)1'
E3#
;',)>)8
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
EJ 5/67
a'*D' ?+>'D9*)1'
!E 5/67
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c9 '%89BR+ 1'* (+@'B 0B91=9*1)+ 9* 9, L'(%B9 <=9 9* ,+ (=C9B 1'* =*+ B9,+1)2* &9 4 + !W D9*9B+,(9*>9 9* ?+1)9*>98 (+@'B98 &9 H" +S'87 K* 9, M"j &9 ,'8 1+8'8 89 +091>+* ,+8 9P>B9()&+&98 )*09B)'B987
!F 5/67
Q)?' &9 &)+BB9+ 1+=8+&+ ?'B >B+>+()9*>' 1'* +*>)%)'>)1'8
M 5/67
/*0,+(+1)'* +D=&+ &9 ,+ R98:1=,+ %),)+B
!E 5/67
/*0,+(+1)2* 1B'*)1+ &9 ,+ R98:1=,+ %),)+B
M 5/67
/*0911)'* %+1>9B)+*+ 8=(+(9*>9 1'*>+D)'8+ @ 89B)+ &9, )*>98>)*' &9,D+&'7 /*0911)'* %+1>9B)+*+ 8=(+(9*>9 1'*>+D)'8+ @ 89B)+ &9, )*>98>)*' &9,D+&'7 Q=('B %9*)D*' 9* ')&' (9&)' @ (+8>')&98 U','B R)819B+, +D=&' 'B)D)*+&' ?'B ?'B >'B2*- '%8>B=11)2* ' 98?+8(' &9, (=81=,' ,)8' &9 =* 'BD+*' L=91' ' >=%=,+B- 1'(' 9, =B9>9B ' )*>98>)*'87 QB+8>'B*' )*0,+(+>'B)' &9, )*>98>)*' DB=98'7
!3 5/67 #M 5/67 !E 5/67
!F 5/67
## 5/67 E! 5/67
#H 5/67 #M 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
E34
;',,91>'>B)1L=(
E3F
;','* )BB)>+%,9)*1,=@9 9*09B(9&+& &9 ;B'L* ;','* ?B'%,9(+8D9*9B+, ;','*- 98>)(=,+B 8= 0=*1)2*
E3H E3J E33 EM" FHM EM!
;'(9&'*98 T98?)*),,+8V ;'*19*>B+1)2* ;'*&),'(+ TR9B ?+?),'(+V ;'*C=*>)R)>)8
EM#
;'*8>)?+1)2*
EM4
;'*>=8)'*98
EMF
;'*R=,8)'*98 ;'B+G2*- >2*)1' 1+B&:+1'
H 5/67
F! 5/67
!3 5/67 E4 5/67
;','*- )*0,+(+1)2*
EME
EMJ
T0+89 89P=+,[ \,'(9B9,,+V \I*9B' &9 L'*D'8 <=9 8'* 8)(%)'*>98 + ?,+*>+8 1'(' 9*&20)>'8 ' 0)>'?+>2D9*'87 5=1L+8 &9 ,+8 98?91)98 &9 98>9 DI*9B' 8'* ?+>2D9*'8 &9 ,+8 ?,+*>+8- ?9B' +,D=*+8 98?91)98 ?=9&9* >9*9B =*+ B9,+1)2* (=>=+,)8>+ 1'* +*0)>B)'*987 c:*&B'(9 &9, /*>98>)*' /BB)>+%,9 Tc//V- 98 =* 1=+&B' 1B2*)1' @ B91)&)R+*>9 1+B+1>9B)G+&' ?'B ,+ 9P)8>9*1)+ &9 &','B +%&'()*+, @Z' 1+(%)'8 9* 9, B)>(' )*>98>)*+,- +1'(?+S+&'8 ' *' &9 =*+ 89*8+1)2* &9 &)8>9*8)2* +%&'()*+,- 8)* <=9 89 &9(=98>B9 =*+ +,>9B+1)2* 9* ,+ ('B0','D:+ ' 9* 9, (9>+%',)8(' )*>98>)*+,98- *) 1+=8+8 )*0911)'8+8 <=9 ,' C=8>)0)<=9*7 Q+(%)I* 89 L+ &9*'()*+&' 1',)>)8 *9BR)'8+1',)>)8 98?A8>)1+ 2 1','* 98?A8>)1'7 Q'&+8 98>+8 &9*'()*+1)'*98 89 1'*8)&9B+* L'@ 9BB2*9+8 9 )*1'(?,9>+87
E4 5/67 ]=*>' *9DB'- ,98)2* %A8)1+ &9, +1*I R=,D+B- ?B'&=1)&+ ?'B ,+ +1=(=,+1)2* &9 <=9B+>)*+ @ 89%' 9* 9, 'B)0)1)' &9 8+,)&+ &9 =* 0',:1=,' ?),'8'- )*1,=@9 %+1>9B)+8 @ D,2%=,'8 %,+*1'8 (=9B>'87 $D=&9G+ (9*>+,7 R9BB=D+8 *'B(+,(9*>9 R9*IB9+8- 1+=8+&+8 ?'B 9, R)B=8 &9, ?+?),'(+7 `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
HM 5/67 EF 5/67 FJ 5/67 HH 5/67
F! 5/67
!F 5/67 E4 5/67 #M 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* EMH
EMM #""
;'B>98 @ L9B)&+8 ;'B@G+- B980B)+&' *+8+, ;'8>+,D)+ ;'P+B>B)>)8
#"!
;'P8+1u)9
#"E
;B)8)8 L9?+>)1+
EM3
EH!
;B=?
#"F
;B@?>'1'11=8 *9'0'B(+*8 ;B@?>'8?'B)&)=(
#"H
;=**)*DL+(9,,+
#"J
;=B+1)2* @ B9D9*9B+1)'*
#"4
d8' &9 ,+ 0B91=9*1)+ D9*9B+, ?+B+ +19,9B+B 1=B+1)'*987 X+ B)*)>)8 +D=&+ ' 1'B)G+ T&9, ,+>:* >+B&:' 1'B@G+- &9, DB)9D' u2B@G+ k1+>+BB'kV 98 ,+ )*0,+(+1)2* &9 ,+ (=1'8+ &9 ,+ *+B)G &9 9R',=1)2* +D=&+ &','B 9* ,+8 1'8>),,+8 &','B 1+&9B+ K, 1'P8+1u)9R)B=8- ' R)B=8 &9 ;'P8+1u)9- 98 =* R)B=8 ?9B>9*91)9*>9 + ,+ 0+(),)+ ])1'B*+R)B)&+9- &9, DI*9B' K*>9B'R)B=87 U9%9 8= *'(%B9 + ,+ 1)=&+& &9 ;'P8+1u)9- 9* 9, 98>+&' &9 6=9R+ l'Bu TK8>+&'8 d*)&'8V- &'*&9 0=9 +)8,+&' ?'B ?B)(9B+ R9G7$,D=*+8 9*09B(9&+&98 1+=8+&+8 ?'B ;'P8+1u)9 R)B=8 8'*[ 5)'1+B&)>)87 ]9B)1+B&)>)87 ;'*C=*>)R)>)8 L9('BBAD)1+ +D=&+7 ],9=B'&)*)+ TK*09B(9&+& &9 N'B*L',(V7 K*09B(9&+& &9 k,+ (+*' 9, ?)9 @ ,+ %'1+k ' k^)9%B9 +0>'8+ L=(+*+k7 59*)*D)>)87 `*)1'(+&98)8 TU98?9D+()9*>' &9 ,+ =S+ <=9 1'()9*G+ 9* ,+ ,O*=,+V7! ;)8>)>)8 +D=&+7 a9B?+*D)*+
4E 5/67 !E 5/67 EJ 5/67 E! 5/67
F4 5/67
E4 5/67 K, 1B=? D9*9B+,(9*>9 98 1+=8+&' ?'B ,'8 R)B=8 1'(' 9, &9 ,+ ?+B+)*0,=9*G+- 9, R)B=8 8)*1)1)+, B98?)B+>'B)' TYcb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
3J 5/67
F! 5/67 #" 5/67 !" 5/67 M 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
#"M
#"3 EJF #!"
#"#
#!! #!E #!# #!4 #!F
#!H #!M H33
;@1,'8?'B+
;@8>'?@,' *9?0B)>L)8 ;@>'(9D+,'R)B=8 U9(+>)=( *)DB=(
;@1,'8?'B+ 1+@9>+*9*8)8 =* ?B'>)8>+ &9, 0),' $?)1'(?,9P+ <=9 1+=8+ ,+ 9*09B(9&+& &9 1)1,'8?'B'8)8 9* ,'8 89B98 L=(+*'8 @ >+, R9G 9* '>B'8 ?B)(+>987 K8 =* 1'11)&)' 0'B(+&'B &9 <=)8>98- <=9 1+=8+ =*+ &)+BB9+ +=>'_,)()>+*>97 X'8 B)98D'8 ?+B+ ,+ 8+,=& +8'1)+&'8 1'* ,+ 9*09B(9&+& 98>A* ?'B ,' D9*9B+, ,)()>+&'8 + ,'8 R)+C9B'8 <=9 R)8)>+* B9D)'*98 9*&I()1+8 @ +&<=)9B9* ,+ )*0911)2*[ 98>+ 98 ,+ B+G2* ?'B ,+ <=9 ;7 1+@9>+*9*8)8 L+ 8)&' 9>)<=9>+&+ 1'(' =*+ &9 ,+8 1+=8+8 &9 ,+ k,+ &)+BB9+ &9, R)+C9B'k7 5'B0',2D)1+(9*>9- ,'8 ''<=)8>98 8'* 980IB)1'8 1'* =* &)A(9>B' &9 9*>B9 J-F @ !" {( 1'* =*+ DB=98+ ?+B9& &9 F" *( &9 98?98'B <=9 ,'8 ?B'>9D9* &9, (9&)' +(%)9*>9 9P>9B)'B7
!3 5/67
)*0,+(+1)2* &9 ,+ R9C)D+ +, B)S'*
!E 5/67
;'*'1)&' 1'(' R)B=8 &9 ,+ D,+*&=,+ 8+,)R+, Q)?' &9 L'*D' &9 ,98)'*98 <=9 89 9*1=9*>B+* 9* L9B)&+8 X+8 L9B)&+8 +%)9B>+8 ' ,,+D+8 )*091>+&+8- ?'B ,' D9*9B+,7 $=*<=9 ,'8 ?B'%,9(+8 &9*>+,98 ?=9&9* 89B 1'*>B',+&'8 ' 9,)()*+&'8 ?'B 1'(?,9>' 1'* 9, >B+>+()9*>'- ,+ )*0911)2* 8)9(?B9 89 B9?9>)BA T+ (9*=&' 1'* 9, 98>BI8 ' ,+ (+,+ +,)(9*>+1)2*V L+8>+ <=9 >'&+8 ,+8 )*1B=8>+1)'*98 &9 (9B1=B)' T1'*'1)&'8 1'(' k9(?+8>98 &9 ?,+>+kV 89 8=8>)>=@9* 1'* ?'B19,+*+_=B+*)' ,)%B9 @ +,9+1)2* &9 *:<=9, +?+B+>'8 &9*>+,98 U9*>+, - ,98)'*98 89 8=8>)>=@9* 1'* +19B' )*'P)&+%,97 K, (9B1=B)'- *:<=9, @ =B+*)' 8'* (9>+,98 @ >2P)1'8 TR9*9*'8'8V >9*9B 9091>'8 >2P)1'8 T+, )D=+, <=9 9, +,=()*)' @ 9, ?+,+&)'V7 $,>9B+* ,+ 0=*1)2* )*(=*9 &9, 1=9B?'- &9 ('&' 8=819?>)%),)&+& + ,+ )*0911)2* 98 +,>+7 d*+ 8',=1)2* +, #j &9 ?9B2P)&' &9 L)&B2D9*' &9 DB+&' +,)(9*>)1)'- <=9 89 =>),)G+ 1'(' =* 9*C=+D=9 %=1+, +@=&+BA + 9,9R+B 9, ?'>9*1)+, &9 'P)&+1)2* &9 ,'8 >9C)&'8 @ 0B9*+B ,+ )*0911)2*7 U9*>+,- &','B U','B D9*9B+,7 U9*>+,- )*0911)2* /*0911)2* D9*9B+,- B+)1987 U9?B98)2* U9%)&' + 1+=8+8 9P>9B*+87 U9?B98)2* U9%)&' + (9&)1+(9*>'8- &B'D+8 ' >'P)*+87
U9?B98)2*+*8)9&+&- >9(%,'B&9%),)&+& U980+,,91)()9*>' ,)?'>)()+ U98)*>'P)1+1)2* U98)*>'P)1+1)2*
d8' D9*9B+,7
## 5/67 !" 5/67
JE 5/67
## 5/67 H# 5/67 EJ 5/67 EJ 5/67 #M 5/67
H 5/67 59>+,98 ?98+&'8- 89> E[ Udb$;/ƒ6 ![4" a87 ]98>)1)&+
MM 5/67 !E 5/6
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* H3M HM" HM! HME #!J
#EH
JJ" FH3 #!3 #EE #E# #E4 #EF #EJ
U98)*>'P)1+1)2* U98)*>'P)1+1)2* U98)*>'P)1+1)2* U98)*>'P)1+1)2* U98(+@'
\9*9B+, $*98>98)+ 59>+,98 ?98+&'8 89> ![ Udb$;/ƒ6 4F ()*7 v=:()1+
6'B(+,(9*>9- 9* ,+8 ?B)(9B+8 9>+?+8 &9 ,+ )*0911)2* 1=+*&' 9, 1=9B?' 98 +>+1+&' ?'B T?'B 9C9(?,'V =* R)B=8- ,)%9B+ (9*8+C9B'8 <=:()1'8 ,,+(+&'8 )*>9B09B'*98 &9 ,+8 1I,=,+8 8+*+8 ?+B+ +@=&+B + B98)8>)B ,+ )*0911)2*7 K, &9,)>' 1'*,,9R+ 1I,=,+8 ,)*0')&98 98?91:0)1'8- 1'*'1)&'8 1'(' 1I,=,+8 6+>=B+, p),,9B Q ' 1I,=,+8 6p- <=9 89 =*9* + ,'8 >9C)&'8 &9, 1=9B?' )*091>+&+ @ 9P?=,8+* <=:()1'8 ,9>+,987 K8>' &98>B=@9 9, R)B=8 @ ,+8 1I,=,+8 &9, 1=9B?'7 X+ &98>B=11)2* &9 ,+ 1I,=,+ &9 1=9B?' ,)()>+ ,+ B9?B'&=11)2* &9 *=9R'8 R)B=8 ?'B<=9 *' ?=9&9* B9?B'&=1)B89 8)* =*+ 1I,=,+ L=I8?9&7 K, 1=9B?' +=(9*>+ 8= ?B'&=11)2* &9 ;I,=,+8 6p- @ 98>+8 1I,=,+8 &98>B=@9* 1'(?,9>+(9*>9 ,+8 1I,=,+8 1'B?'B+,98 )*091>+&'8 @ ,'8 )*R+8'B98 9P>B+*C9B'87 X+8 1I,=,+8 6p >+(%)I* B91'*'19B + ,'8 )*R+8'B98 9P>B+*C9B'8 &=B+*>9 =*+ )*0911)2* U98'B&9* 0=>=B' @ B9+11)'*+B &9 0'B(+ (A8 BA?)&+7 T$0'B>=*+&+(9*>9- ,'8 ()1B'%)'8 <=9 L+* (=>+&' >'&+R:+ +=>)*(=*9 ?'899* (+B1+&'B98 <=9 9, 8)8>9(+ )*(=*9 ?=9&9 B91'*'19B7 X+8 1I,=,+8 6p ?=9&9* B91'*'19B @ +>+1+B ,+8 %+1>9B)+8 @ 5@1'?,+8(+_%+1>9B)+ )*>B+19,=,+B 8)* ?+B9& 19,=,+B ?'B<=9 B91'*'19* k*'_@'k @ ,=9D' )B &9*>B' &9 ,+ 1I,=,+7V `>B' >)?' &9 B98?=98>+ )*(=*9 *'B(+, 98 ,+ 1B9+1)2* &9 +*>)1=9B?'8- ?B'&=1)&+ 9* B98?=98>+ + =* +*>:D9*' <=9 ?=9&9 89B =*+ ?B'>9:*+ 9P>B+S+- ()1B'%)'- ?',9* = '>B+ 8=8>+*1)+- +8: 1'(' ()1B''BD+*)8('7 X'8 +*>)1=9B?'8 *9=>B+,)G+* ,+ )*0911)2* (9&)+*>9 ,+ =*)2* +, R)B=8- B9&=1)9*&' +8: 8= 1+?+1)&+& &9 =*)B89 + =*+ 1I,=,+ ' ?9*9>B+B 9* I,7 K8>'8 +*>)1=9B?'8 >+(%)I* +@=&+* +, 1=9B?' + B98)8>)B R=9,R+ + )*091>+B7 U98'B&9* N)?',+B c9 98?9B+ <=9 ,'8 9091>'8 &=B9* +,B9&9&'B &9 # &:+8 &98?=I8 &9 ,+ 9P?'8)1)2*7 U98'B&9* (9*>+, $@=&+ D9*9B+,W 8'%B9 >'&' 8) >'P)*+8 8'* ,+ 1+=8+ U98'B&9*98 *9BR)'8'8 U)+%9>98 Y+B)+*>9- )*1,=@9 )*0911)2* +8'1)+&+ U)+%9>98 D9*9B+, $&R9B>9*1)+[ ?=9&9 1+=8+B =* &9819*8' &9, *)R9, &9 +GO1+B 8+*D=:*9' U)+%9>98 0'B(=,+ 891=*&+B)+ 891=*&+B)+ U)+%9>98 >9B1)+B)+ 0'B(=,+ >9B1)+B)+ U)+BB9+
J3 5/67 #H 5/67 4F 5/67 HH 5/67 !F 5/67
!"3 5/67
EF 5/67 ## 5/67 H# 5/67 F4 5/67 34 5/67 H" 5/67 !E 5/67 4E 5/6
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* #E" #E3 #EM ##"
##!
JF3 ##E ### ##4 ##F ##H ##3 !"E ##M
U)9*>98 @ (=9,+8&','B U)9*>98 @ (=9,+8&','B
QB+>+()9*>' D9*9B+,7 ;'B>'7
HM 5/67
QB+>+()9*>' D9*9B+,7 X+BD'7
!!! 5/67
K*09B(9&+& +D=&+- 1'*>+D)'8+- ?B'&=1)&+ ?'B ,+ %+1>9B)+ ;'B@*9%+1>9B)=( &)?L>9B)+97 c) *' 89 >B+>+ ,+ 9*09B(9&+& 98 0B91=9*>9(9*>9 ('B>+,- +, 1+=8+B )*8=0)1)9*1)+ 1+B&)+1+ ' B9*+,7 X+ &)?,'?:+ 98 =*+ 9*09B(9&+& 9* ,+ <=9 ,+8 )(AD9*98 <=9 ?9B1)%9* 9, 'C' )G<=)9B&' @ 9, &9B91L' *' 89 U)?,'?:+ &9, 'C' ?B'198+* 9* 9, 19B9%B' 0'B(+*&' =*+ O*)1+ )(+D9* 98?+1)+,7 X+ 1'*891=9*1)+ 98 ,+ R)8)2* &'%,97 U)89*>9B:+ T+*>9B)'B(9*>9 1'*'1)&' 1'(' 0,=C' ' 0,=C' &9 8+*DB9V 98 =* >B+8>'B*' )*0,+(+>'B)' &9, )*>98>)*'- 98?91)+,(9*>9 &9, 1','*- <=9 ?B'&=19 &)+BB9+ DB+R9 <=9 1'*>)9*9 ('1' @Z' 8+*DB9 9* ,+8 L91987 c) *' 89 >B+>+- ,+ &)89*>9B:+ ?=9&9 89B 0+>+,7 X+ &)89*>9B:+ 98 1+=8+&+ D9*9B+,(9*>9 ?'B =*+ )*0911)2* %+1>9B)+*+ ' &9 ?B'>'G''8 ' ,+ )*098>+1)2* &9 ?+BA8)>'8- ?9B' >+(%)I* ?=9&9 89B 1+=8+&+ ?'B =* )BB)>+*>9 <=:()1' ' =*+ )*0911)2* R)B+,7 X+8 &'8 1+=8+8 (A8 0B91=9*>98 8'* ,+ )*0911)2* 1'* =* U)89*>9B:+ %+1),' &9, DB=?' cL)D9,,+- @ ,+ )*098>+1)2* &9 =*+ +(9%+ L)8>',@>)1+- K*>+('9%+7 ;=+*&' 98 1+=8+&+ ?'B =* %+1),' 89 ,,+(+ &)89*>9B:+ %+1),+B- @ 1=+*&' 98 1+=8+&+ ?'B =*+ +(9%+ 89 ,,+(+ &)89*>9B:+ +(9%)+*+7 $&9(A8 &9 98>'- ,+ &)89*>9B:+ ?'B 8L)D9,,+ ' &)89*>9B:+ %+1),+B ?=9&9 &+B 8)D*'8 (9*:*D9'8 <=9 8'* 1'*0=*&)&'8 1'* =*+ (9*)*D'9*190+,)>)8[ I8>+ 9B+ ,+ 1+=8+*>9 &9 9?)&9()+8 9* ,'8 %+B1'8 9* ,+ +*>)D„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
4F 5/67 !3 5/67
## 5/67
3! 5/67 E! 5/67 #H 5/67 #M 5/67 !F 5/67 #H 5/67 !F 5/67 !3 5/67 ## 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* #4" #4! #4E #4#
J4H
U','B 1+%9G+ U','B 1'&' U','B &9*>+, U','B 98?+,&+ U','B 98?+,&+ @ 98?+8(' U','B C=+*9>98 U','B (=81=,+B U','B *9'?,A8)1' U','B ?'B 1A*19B U','B ?'B )*0911)2* U','B ?'B ?+BA,)8)8- ' ?'8> '?9B+>'B)' U','B- b'&),,+8
#F"
U'B8+,D)+
#F! #FE #F#
UB'D+&)11)2* U='&9*+,- =,19B+ U='&9*)>)8
#44 #4F F3J #4H #4J #43 #4M
#F4
EHH EHJ #FF
U=?=)>B9*1'*>B+1>=B+
K%',+ E"!4 K%',+ E"!4 (=>+1)2* K1L)*'1'11)*=(
]'B )*0911)2*- 19BR)1+,98- ?+BA8)>'8- ' >'P)1)&+& U)9*>98 &9,+*>9B'8 @ 1+*)*'87
MH 5/67 !" 5/67 H# 5/67 ## 5/67 4E 5/67
D9*9B+,- ?+B+ >'&' 9, 1=9B?'
!" 5/67 4F 5/67 E! 5/67 4E 5/67 EJ 5/67 M 5/67 4F 5/67
&','B &9 98?+,&+ 8)>=+&' 9*>B9 ,+ ,=(%+B @ ,+ 19BR)1+,7 K8>+ ?+B>9 &9 ,+ 1',=(*+ >)9*9 =*+ 1'*R9P)&+& ?'8>9B)'B T1)0'8)8V- +, 1'*>B+B)' &9 ,+ ,=(%+B @ &9 ,+ 19BR)1+,7 $&)11)2* /*0,+(+1)2* &='&9*'- )*1,=@9 >B+>+()9*>' L:D+&' K8 =* 9*DB'8+()9*>' @ 1'*>B+1>=B+ )*&','B'8 &9 >9C)&'8 %+C' ,+ ?)9, &9 ,+ ?+,(+ @ &9&'8 &9 ,+ (+*'7 ;+=8+8[ X+ 1+=8+ 89 &981'*'197 d* +*>919&9*>9 0+(),)+B &9 ,+ 1'*>B+1>=B+ &9 U=?=@>B9* L+19 <=9 =8>9& 89+ (A8 ?B'?9*8' + ?B989*>+B 98>+ +0911)2*7 …8>+ *' ?+B919 89B 1+=8+&+ ?'B ,+ '1=?+1)2* ' ?'B =* >B+=(+>)8('7 X+ +0911)2* 89 R=9,R9 (A8 1'(O* &98?=I8 &9 ,'8 4" +S'8 &9 9&+& @ ,'8 L'(%B98 B98=,>+* +091>+&'8 1'* (+@'B 0B91=9*1)+ <=9 ,+8 (=C9B987 X'8 0+1>'B98 &9 B)98D' 8'* +,1'L',)8('&)+%9>98 @ >+%+<=)8('7 F ()* ?'B 0B91=9*1)+
!3 5/67 ## 5/67 !F 5/67 !E 5/67
!E 5/67
M" 5/67
# ()* ?'B 0B91=9*1)+
F! 5/67
6'8'&9 L'(9'?A>)1' D9*9B' &9 ?9<=9S+8 >9*)+8
!E 5/6
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
#FH
K1L' Y)B=8
#HE #F3 #FM
K1G9(+ Z &9B(+>)>)8 K&9(+ - ?)9B*+8 @ ?)98 K&9(+ +D=&' &9 ?=,(2* K&9(+ D9*9B+, K&9(+- 98>'(+D' K&9(+- B)S2*
#H#
K,90+*>)+8)8
#FJ #H" #H!
#HH
K('1)'*+,>B+=(+
#HJ
K*190+,)>)8
#H3
K*1:+8
d* K1L'R)B=8 98 =* >)?' &9 R)B=8 $b6 <=9 ?9B>9*919 +, DI*9B' K*>9B'R)B=8 &9 ,+ 0+(),)+ ])1'B*+R)B)&+97 c9 9*1=9*>B+* 9* 9, >B+1>' D+8>B')*>98>)*+, T&9 +L: 9, *'(%B9 &9, DI*9B' K*>9B'R)B=8V @ 8= 9P?'8)1)2* 98 1+=8+ &9 9*09B(9&+&98 9 )*0911)'*98 '?'B>=*)8>+87 K, R)B=8 89 +)8,2 &9 ,+8 L9198 &9 *)S'8 +8)*>'(A>)1'8 + ?B)*1)?)'8 &9 ,+ &I1+&+ &9 !MF"- C=8>' &98?=I8 &9 <=9 ,+8 >I1*)1+8 &9 1=,>)R' &9 ,+8 1I,=,+8 89 L=%)9B+* &98+BB',,+&'7 K, *'(%B9 &9 K;a` ?B'19&9 &9, +1B2*)(' &9 k9*>IB)1+ 1@>'?+>L)1 L=(+* 'B?L+*k ' kR)B=8 L=IB0+*' 8)1'?A>)1' 9*>IB)1'k TR)B=8 L=IB0+*' 8)D*)0)1+ <=9 =* R)B=8 *' 98>A +8'1)+&' + *)*D=*+ 9*09B(9&+& 1'*'1)&+V7 $=*<=9 &98&9 9*>'*198 L+* 8)&' B9,+1)'*+&'8 1'* &)R9B8+8 9*09B(9&+&98- 9, *'(%B9 'B)D)*+, +O* 89 =>),)G+ K, R)B=8 98 +,>+(9*>9 )*0911)'8' @ 8= ?B)*1)?+, '%C9>)R' 8'* ,'8 *)S'87 K8 =*+ &9 ,+8 ?B)*1)?+,98 1+=8+8 &9 9*09B(9&+& 09%B), +D=&+ 9*09B(9&+& 9* ,+1>+*>98 @ *)S'8 &9 1'B>+ 9&+& @ 98 ,+ 1+=8+ (A8 1'(O* &9 (9*)*D)>)8 +8I?>)1+- +&9(A8 9* +&=,>'8 @ *)S'8 (+@'B98 98 1+=8+ )(?'B>+*>9 &9 9*&'1+B&)>)8 @ ()'1+B&)>)87 X+ )*0911)2* &9 =* *)S' 1'* 98>9 R)B=8 &98?=I8 &9, *+1)()9*>' ?=9&9 1+=8+B DB+R98 9*09B(9&+&98 8)8>I()1+8 @ 98 +8'1)+&' 1'* =*+ 9,9R+&+ >+8+ &9 ('B>+,)&+& )*0+*>),7 X'8 91L'R)B=8 ?=9&9* )()>+B ,'8 8:*>'(+8 1+=8+&'8 ?'B %+1>9B)+8 @ '>B+8 )*0911)'*98 R)B+,98- ?'B ,' <=9 ,+8 )*0911)'*98 ?'B 91L'R)B=8 8'* + (9*=&' >B+>+&+8 1'* >9B+?)+8 &98>)*+&+8 ?+B+ '>B+8 )*0911)'*987 K8>' ?=9&9 ,,9R+B + ,+ 9R',=1)2* &9 %+1>9B)+8 B98)8>9*>98 + ,'8 +*>)%)2>)1'87
#" 5/67
U9B(+>)>)8 8=?9B0)1)+, &9 1+=8+ &981'*'1)&+
JE 5/67 !3 5/67 H" 5/67
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
3! 5/67 4E 5/67 #M 5/67 !3 5/67 E! 5/67 ## 5/67 #H 5/6
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* #J" #J"
K*&' K*&'1+B 1+B&) &)>) >)88
#J!
K*&'1B)*'
#HM #H4
K*&'(9>B)'8)8 K*0)89 K*0)89(+ (+
#HF
HJF HJ4
#JH #JH
#JJ #JJ #J3
#JM
#3"
K*0)89(+ 1'(?,9>' K*>+('9%+ L)8>',@>)1+ K*>9B'%)+8)8
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`;V 9* &'*&9 ,'8 +,R9','8- ,+8 %',8)>+8 &9 +)B9 &9 ,'8 ?=,('*98- 89 &+S+*7 ;'(' 1'*891=9*1)+- 8= 1=9B?' *' B91)%9 9, 'P:D9*' <=9 *9198)>+7 K, 9*0)89(+ L+19 <=9 89+ &)0:1), B91=?9B+B 9, +,)9*>'7 Q+(%)I* ,9 ?=9&9 1+=8+B >'8 1B2*)1+ @ &)0)1=,>+&98 ?+B+ B98?)B+B &=B+*>9 9, 9C9B1)1)'7 /*1,=@9 ?+BA8)>'87 Y9B Y9B ]+B+8 +B+8)> )>'8 '8)8 )8_K _K*> *>+( +('9 '9%+ %+ L)8> L)8>', ',@> @>)1 )1++ T,'( T,'(%B %B))198 198 9* )*>9 )*>98> 8>))*'V *'V
Y9B ]+B+8)>'8)8_K*>9B'%)+8)8 T,'(%B)198 9* )*>98>)*'V TQ'P)*+ &9, K*>9B'1'1' ' c>B9?>'1'19=8 ^'91+,)8V c†6Q`5$c 5K6Q$XKc UK K6QKb`;`;;/6d5[ ! /BB)>+%),)&+&7 E ^+>)D+W &98()*9B+,)G+1)2*W L)?'>9*8)2* 1'* %B+&)1+B&)+7 # X9*D=+ %,+*1+ 1'(' ,+ ,91L97 ]B'%,9(+8 &9 &9*>)1)2* 9* 9, %9%I- 1'* 0)9%B9 @ &)+BB9+7 4 $*'B9P)+K*>9 K*>9B' B'1' 1'11 11)* )*=( =( *A=89+8 @ 9B=1>'87 F ;)8>)>)8 + B9?9>)1)2*7 B9?9>)1)2*7 H K, )*>98>)*'- ?'B 8=?=98>'- @ 9, B91>'B91>'- 1'*8>)>=@9* 9, ?B)*1)?+, 8)>)' &9 +11)2* &9 K*>9B'1'11)*=(7 a9198 1'(' k%'8>+ &9 R+1+k7 U)+BB9+ (+>)*+, 1'* &989'8 =BD9*>98W (=9R9 R+B)+8 R9198 &9 4 + M &9 ,+ (+S+*+W ?9'B ?'B 9('1)'*98 ' &=B+*>9 ,+ (9*8>B=+1)2*7 a9198 (=1'8+*D=)*',9*>+87 Q9*98(' B91>+,7 U','B98 9* 9, 1','*7 ;',)>)8- 9*>9B'1',)>)87 U)89*>9B:+7 b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‡+8V 0,'11)*=(
#M 5/67 5/67 ## 5/67 #M 5/67 ## 5/67 5/67 34 5/67
#" 5/67 5/67 ## 5/67
!" 5/67
F! 5/67 5/67 #" 5/67
#" 5/67
!F 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* #3! #3E
#3# #3#
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j + HMj &9 ,'8 1+8'87 X+ 9B)8)?9,+ 98 =*+ 9*09B(9&+& )*091>'1'*>+D)'8+ +D=&+ @ 09%B),- ?B'&=1)&+ ?'B 98>B9?>'1'1'80=*&+(9*>+,(9*>9 c>B9?>'1'11=8 ?@'D9*98 <=9 +091>+ ?B)*1)?+,(9*>9 ,+ &9B()87 K?)&)&)()>)8
#34
KB)8)?9,+8
#3F
K81+B,+>)*+
c9 1+B+1>9B)G+ ?'B =*+ ?,+1+ 9B)>9(+>'8+ B'C+ &9 9P>9*8)2* R+B)+%,9 - &9 %'B&98 %)9* &90)*)&'8 @ <=9 ?=9&9 1+=8+B &','B @ ?B=B)>' @ (+*)098>+1)'*98 8)*>'(A>)1+8 <=9 )*1,=@9* 0)9%B9 @ ,)*0+&9*'?+>:+87 K* D9*9B+,- ,+ )*0911)2* '1=BB9 9* 9, B'8>B' @ 8'* 1'(=*98 ,'8 +*>919&9*>98 ?B9R)'8 &9 0+B)*D)>)8 98>B9?>'121)1+7 X+ 981+B,+>)*+ '1=BB9 &9%)&' + =*+ )*0911)2* 98>B9?>'121)1+ &9, DB=?' $7 c) 8= L)C' >)9*9 &','B &9 D+BD+*>+ @ 8+B?=,,)&'- 9, (I&)1' ,9 ?=9&9 L+19B =*+ ?B=9%+ ?+B+ &9>91>+B 8) 98 =*+ )*0911)2* 98>B9?>'121)1+7 K, >B+>+()9*>' BA?)&' 1'* +*>)%)2>)1'8 ?=9&9 ?B'>9D9B + 8= L)C' &9 ?'8)%,98 1'(?,)1+1)'*987
#" 5/67 H# 5/67
34 5/67
F4 5/67
## 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* K7 1',) 98 9, *'(%B9 &9 =* >)?' &9 %+1>9B)+ <=9 R)R9 9* 9, )*>98>)*'7 X+ (+@'B:+ &9 ,+8 K7 1',) *' 1+=8+* ?B'%,9(+87 ]9B'- +,D=*'8 >)?'8 ?=9&9* ?B'&=1)B 9*09B(9&+&98 @ 1+=8+B &)+BB9+7 d*' &9 9,,'8 1+=8+ ,+ &)+BB9+ &9, R)+C9B'7 K, ?9'B >)?' &9 K7 1',) 1+=8+ =*+ &)+BB9+ L9('BBAD)1+ @ + R9198 ?=9&9 1+=8+B )*8=0)1)9*1)+ B9*+, @ L+8>+ ,+ (=9B>97 K8>'- 9* D9*9B+,- '1=BB9 9* *)S'8 @ 9* +&=,>'8 1'* 8)8>9(+8 )*(=*',2D)1'8 &9%),)>+&'87 c9 ?=9&9* +&<=)B)B )*0911)'*98 ?'B K7 1',) +, 1'*8=()B +,)(9*>'8 <=9 1'*>)9*9* ,+ %+1>9B)+7 X'8 8:*>'(+8 ?=9&9* )*1,=)B[ 6A=89+8 ' R2()>'8 ^=9B>98 12,)1'8 +%&'()*+,98 U)+BB9+ ,:<=)&+ ' 1'* (=1L+ 8+*DB9 ;+*8+*1)' ^)9%B9
#3H
K81L9B)1L)+ 1',) &:+ !
3F!
K81L9B)1L)+ 1',) &:+ E
M" 5/67
#3J
K8 =*+ 9*09B(9&+& &9 ,+8 *9=B'*+8 9* 9, 19B9%B' @ ,+ (I&=,+ 98?)*+, <=9 1'*>B',+* 9, ('R)()9*>' &9 ,'8 (O81=,'8 R',=*>+B)'87 K8>+ 9*09B(9&+& >+(%)I* 98 1'*'1)&+ 1'(' ,+ 9*09B(9&+& &9 X'= \9LB)D7 d*' &9 1+&+ !" 1+8'8 &9 981,9B'8)8 ,+>9B+, +()'>B20)1+ TKX$V 89 &9%9 + =* &9091>' D9*I>)1'- ()9*>B+8 <=9 9* 9, B98>' &9 ,'8 1+8'8- 89 &981'*'19 ,+ 1+=8+7 K* ,+ 981,9B'8)8 ,+>9B+, +()'>B20)1+- ,+8 1I,=,+8 *9BR)'8+8 T*9=B'*+8V 89 &98D+8>+* ' (=9B9* @ @+ *' K81,9B'8)8 ,+>9B+, ?=9&9* 9*R)+B (9*8+C98 + ,'8 (O81=,'8- ,' 1=+, 0)*+,(9*>9 ,,9R+ + &9%),)>+()9*>' (=81=,+B+()'>B'0)1+- @ KX$ 0+81)1=,+1)'*98 9 )*1+?+1)&+& ?+B+ ('R9B ,'8 %B+G'8- ,+8 ?)9B*+8 @ 9, 1=9B?'7 X+ +0911)2* 9(?9'B+ ,9*>+(9*>9 @ 1=+*&' ,'8 (O81=,'8 9* 9, AB9+ >'BA1)1+ &9C+* &9 >B+%+C+B- 89 R=9,R9 &)0:1), ' )(?'8)%,9 B98?)B+B ?'B 8: 8','7 X+ 981,9B'8)8 ,+>9B+, +()'>B20)1+ +091>+ +?B'P)(+&+(9*>9 + F &9 1+&+ !""-""" ?9B8'*+8 9* >'&' 9, (=*&'7 6' L+@ 0+1>'B98 &9 B)98D' 1'*'1)&'8- + 9P19?1)2* &9, L91L' &9 >9*9B =* ()9(%B' &9 ,+ 0+(),)+ <=9 ?+&9G1+ =*+ 0'B(+ L9B9&)>+B)+ &9 ,+ 9*09B(9&+&7
FM 5/67
JE 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
#33
K81,9B'8)8 (O,>)?,9
343
K81,9B'8)8 (O,>)?,9?B'DB+(+ ,+BD'
4"F #M"
K8?+,&+ K8?'*&),)>)8
#3M
K8?'*&),)>)8 +*<=),'8+*>9
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d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d8>9& 98 ,)D9B+(9*>9 (A8 ?B'?9*8' + 1'*>B+9B 98>+ 9*09B(9&+& 8) >)9*9 +*>919&9*>98 0+(),)+B98 &9 K5 ' R)R9 9* =*+ ?+B>9 &9, (=*&' &'*&9 98>+ 9*09B(9&+& 98 (A8 1'(O*7 U','B- @ 98?+8('8 ]'B +1=>9 ' ?'B ?8'B)+8)8 K8 =* >)?' &9 +B>B)>)8 1B2*)1+ <=9 +091>+ 1'(O*(9*>9 ,'8 L=98'8 @ ,+8 +B>)1=,+1)'*98 9* ,+ %+89 &9 ,+ 1',=(*+- &'*&9 I8>+ 89 1'*91>+ 1'* ,+ ?9,R)87 K8>+8 +B>)1=,+1)'*98 B98=,>+* )*0,+(+&+8 9 L)*1L+&+87 ;'* 9, >)9(?'- ,+8 RIB>9%B+8 +091>+&+8 89 0=8)'*+*
H" 5/67
!#E 5/67
J3 5/67 E4 5/67 HM 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
#M!
#ME #M# 4"# #M4 #MF
#MH
#MJ #M3 #MM 4"" 4"!
K8>+0),'1'1' A=B9+8
K8>+0),'1'1')*0911)2* K8>9B),)&+& K8>)(=,+1)2* 8)8>9(+ )*(=*',2D)1' K8>'(+D' K8>'(+D'- =,19B+
c>+?L@,'1'11=8 A=B9+8 T?B'*=*1)+1)2*[ Zˆ8>+0),'‰u'u=8 ‰+tB9t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c>+?L@,'1'11=8 A=B9+8 ' ?'B ,+ )*D98>+ &9 ,+ 9*>9B' >'P)*+ 98>+0),'121)1+ 891B9>+&+ ?'B ,+ %+1>9B)+7
#M 5/67
F4 5/67 /*09B>),)&+& L'(%B9 @ (=C9B
H" 5/67 4E 5/67
U),+>+1)2*- &98'B&9*98- 1+,+(%B98
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c>B9?>'1'11=8 9*>9B'1'11)*=( K8>B9?>'1'1' c>B9?>'1'11=8 K8>B9?>'1'1' K8>B9?>'1'1' c>B9?>'1'11=8 ()>)8 K8>B9?>'1'1' c>B9?>'1'11=8 *9=('*:+ K8>B9?>'1'1' c>B9?>'1'11=8 ?)2D9*+8
H# 5/67 !E 5/67
4# 5/67
!" 5/67 J3 5/67 #" 5/67 ## 5/67 HH 5/6
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* 4"E 4"4 4"H
K8>B2D9*'8 K=8>+<=)'>B'(?+)*0,+(+1)2* ^+1)+,- ?+BA,)8)8
4"J
^+B)*D)>)8
4"3 4"M
^+>)D+ ^+>)D+ ;B2*)1+ ^+>)D+ 1B2*)1+)*0911)2* &9 ('*'*=1,9'8)8 @ K?8>9)* N+BB R)B=8 ^)%B'+&9*'(+ (+(+B)' *'_ *9'?,A8)1'
4!"
4!!
4!E
^)%B'(+
*'B(+,)G+B L'(%B9 ' (=C9B
!" 5/67 4E 5/67 ## 5/67
X+ 0+B)*D)>)8 98 1+=8+&+ ?'B L)*1L+G2* &9 ,+ ?+B>9 ?'8>9B)'B &9 ,+ D+BD+*>+ T0+B)*D9V- 9*>B9 ,+8 +(:D&+,+8 @ ,+ ,+B)*D97 X+ (+@'B:+ &9 ,'8 &','B98 &9 D+BD+*>+ 8'* 1+=8+&'8 ?'B B980B)+&'8- DB)?9- R)B=8 1'P8+1u)9 ' ('*'*=1,9'8)87 X+8 %+1>9B)+8 ?=9&9* 1+=8+B 0+B)*D)>)8 9* +,D=*'8 1+8'87 X+ +()D&+,)>)8 98>B9?>'121)1+ 98 1+=8+&+ ?'B ,'8 98>B9?>'1'1'8 &9, DB=?' $7 ;'* (9*'8 0B91=9*1)+- %+1>9B)+8 1'(' D'*'BB9+ @ 1,+()&)+ ?=9&9* 1+=8+B &','B &9 D+BD+*>+7 X+ (+@'B:+ &9 ,'8 1+8'8 &9 0+B)*D)>)8 '1=BB9 &=B+*>9 ,'8 (9898 (A8 0B:'87 X+ 9*09B(9&+& 1'* 0B91=9*1)+ 89 ?B'?+D+ 9*>B9 ,'8 ()9(%B'8 &9 ,+ 0+(),)+ @ 1'*>+1>'8 19B1+*'87 U9%),)&+&- +D'>+()9*>'7 k;+8=+,k7
H" 5/67
4E 5/67 ## 5/67
]B'DB+(+ <=9 )*1,=@9 1'*C=*>' &9 R)B=8- B9,+1)'*+&'8 + 98>+ 9*09B(9&+&7 Udb$;/ƒ6 E ac
!E" 5/67
T*'Š&=,'8 0)%B'8'8 9* ,'8 ?91L'8V
M 5/67
X'8 0)%B'(+8 =>9B)*'8 T>+(%)I* 1'*'1)&'8 1'(' ()'(+- ,9)'()'(+- ,9)'()'(+>+ @ 0)%B'()'(+V 8'* >=('B98 %9*)D*'8 T*' 1+*19B'8'8V <=9 1B919* &9*>B' &9, >9C)&' (=81=,+B &9, O>9B'7 U9, E"j +, F"j &9 (=C9B98 9* 9&+& 0IB>), >)9*9* 0)%B'(+8 =>9B)*'87 $=*<=9 (=1L+8 (=C9B98 *' >)9*9* *)*DO* ?B'%,9(+- ,'8 8:*>'(+8 ?=9&9* 89B &9 =*+ 89R9B)&+& >+, <=9 B9<=)9B+* &9 >B+>+()9*>'7
## 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
4!#
4!4
^)%B'()+,D)+
^)%B'()+,D)+ 891=*&+B)'
4!F
^)%B'?9*&=,=(
4!H
^)%B'8+B1'(+
4!J
X+ 0)%B'()+,D)+ 98 =* >B+8>'B*' <=9 1+=8+ &','B98 (=81=,+B98 @ 0+>)D+ T1+*8+*1)'V7 X+8 ?9B8'*+8 1'* 0)%B'()+,D)+ >)9*9* e?=*>'8 L)?9B89*8)%,98g 9* 9, 1=9B?'7 K8>'8 89 9*1=9*>B+* 9* AB9+8 1'('[ 9, 1=9,,'- ,'8 L'(%B'8- ,+ 98?+,&+- ,+8 1+&9B+8- ,'8 %B+G'8 @ ,+8 ?)9B*+87 X'8 ?=*>'8 L)?9B89*8)%,98 &=9,9* +, ?B98)'*+B,'87 X+8 ?9B8'*+8 <=9 ?+&919* &9 0)%B'()+,D)+ ?=9&9* >+(%)I* >9*9B '>B'8 8:*>'(+8- >+,98 1'('[ U)0)1=,>+& ?+B+ &'B()B7 b)D)&9G ?'B ,+ (+S+*+7 U','B98 &9 1+%9G+7 ]9B)'&'8 (9*8>B=+,98 &','B'8'8 c9*8+1)2* &9 L'B()D=9' ' +&'B(91)()9*>' 9* ,+8 (+*'8 @ ,'8 ?)987 ^+,>+ &9 (9('B)+ ' &)0)1=,>+& ?+B+ 1'*19*>B+B89 T+ 98>'8 ,+?8'8 &9 (9('B)+ + R9198 89 ,98 ,,+(+ e0)%B'*9%,)*+gV7
#M 5/67
#M 5/67 X98)2* 9P'0:>)1+ ?9&=*1=,+&+ ' 0),)0'B(9 1'*8>)>=)&+ ?'B =* +1O(=,' ?89=&'>=('B+, &9 98>B'(+7 6' 8'* R9B&+&9B+8 *9'?,+8)+87 ]B'%+%,9(9*>9 89 >B+>+ &9 L)?9B?,+8)+8 ,'1+,)G+&+8 &9 >9C)&' &IB()1' <=9- 1=+*&' 8'* (A8 DB+*&98 ' ?I*&=,+8- 1'* 9, >)9(?' 89 1+BD+* &9 +&)?'1)>'87 X+8 (A8 ?9<=9S+8 8'* ?B9&'()*+*>9(9*>9 0),)0'B(98 T+1B'1'B&'*98V7 X+ +8'1)+1)2* &9 +1B'1'B&'*98 (O,>)?,98 1'* *9'?,+8)+8 (+,)D*+8 &9 1','* *' L+ 8)&' 1'*0)B(+&+7 _ $1B'1'B&2*7 _ ^)%B'(+ %,+*&' T(',,=81' ?I*&=,'V7
X+ 0)%B'8)8 ?=,('*+B &+S+ ,'8 >9C)&'8 ?B'0=*&'8 9* 8=8 ?=,('*987 X+8 ?9<=9S+8 1+R)&+&98 &9 +)B9 9* ,'8 ?=,('*98 @ 8=8 98>B=1>=B+8 89 ,,9*+* &9 1)1+>B)198 @ 89 >'B*+* B:D)&'87 c9 &)0)1=,>+ >'(+B +)B9 @ 98 ?'8)%,9 <=9 ,+ 8+*DB9 *' B91)%+ 8=0)1)9*>9 'P:D9*'7 d*+ 1+=8+ &9 0)%B'8)8 ?=,('*+B 98 ,+ 9*09B(9&+& ?=,('*+B )*>9B8>)1)+,7 K*09B(9&+& ?=,('*+B ^)%B'8)8 ?=,('*+B )*>9B8>)1)+, 98 9, *'(%B9 &9 =* DB=?' &9 9*09B(9&+&98 <=9 )*0,+(+* ' ,,9*+* &9 1)1+>B)198 ,'8 ?=,('*987 X+ 0)%B'8)8 ?=,('*+B >+(%)I* 89 +8'1)+ 1'* +,D=*+8 9*09B(9&+&98 &9, >9C)&' 1'*91>)R'7 ]=9&9 89B =* 9091>' 891=*&+B)' &9 +,D=*+8 (9&)1)*+87 $,D=*+8 R9198- 89 &981'*'19 ,+ 1+=8+ &9 ,+ 9*09B(9&+&7 ^=(+B ?=9&9 )*1B9(9*>+B 9, B)98D' &9 9(?9'B+B ,+ 9*09B(9&+&7
E! 5/67
M 5/67
HH 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
4!3
4E! 4E# 4!M 4E" 4EE 4E4 4EF E"! 4EH 4E3 4EJ 4EM
X+ 0)%B'8)8 <=:8>)1+ T^vV 98 =*+ 9*09B(9&+& L9B9&)>+B)+7 K8 1+=8+&+ ?'B =* D9* &9091>='8' <=9 ,,9R+ +, 1=9B?' + ?B'&=1)B =* ,:<=)&' +*'B(+,(9*>9 98?98' @ ?9D+C'8' ,,+(+&' ('1'7 K8>9 ('1' 89 +1=(=,+ 9* ,+8 R:+8 B98?)B+>'B)+8 &9 ,'8 ?=,('*98 @ 9* 9, ?A*1B9+87 K8>+ +1=(=,+1)2* &9 ('1' '1+8)'*+ )*0911)'*98 ?=,('*+B98 ?'>9*1)+,(9*>9 ('B>+,98 @ 89B)'8 ?B'%,9(+8 &)D98>)R'87 K8>+ 9*09B(9&+& >+(%)I* ?=9&9 +091>+B ,+8 D,A*&=,+8 8=&'B:?+B+8 @ 9, +?+B+>' B9?B'&=1>'B (+81=,)*'7 5),,'*98 &9 98>+&'=*)&9*898 ?'B>+* 9, D9* &9 ,+ 0)%B'8)8 <=:8>)1+- ?9B' *' (+*)0)98>+* *)*DO* ^)%B'8)8 <=:8>)1+ 8:*>'(+7 K8>' 89 &9%9 + <=9 =*+ ?9B8'*+ 1'* 98>+ 9*09B(9&+& &9%9 L9B9&+B &'8 D9*98 &9091>='8'8=*' &9 1+&+ ?+&B97 $?B'P)(+&+(9*>9 ! &9 1+&+ EM 98>+&'=*)&9*898 &9 B+G+ %,+*1+ >)9*9 9, D9* &9 ,+ 0)%B'8)8 <=:8>)1+7 X+ 9*09B(9&+& 98 (A8 0B91=9*>9 9*>B9 +<=9,,+8 ?9B8'*+8 &9819*&)9*>98 &9 9=B'?9'8 &9, 19*>B' @ *'B>97 $ ,+ (+@'B:+ &9 ,'8 *)S'8 1'* 0)%B'8)8 <=:8>)1+ 89 ,98 &)+D*'8>)1+ ,+ 9*09B(9&+& L+1)+ ,'8 &'8 +S'8 &9 9&+&7 ]+B+ =* ?9<=9S' *O(9B'- ,+ 9*09B(9&+& *' 89 &9>91>+ L+8>+ ,+ 9&+& &9 !3 +S'8 ' (A87 K8>'8 *)S'8 1'* 0B91=9*1)+ ?+&919* =*+ 0'B(+ (A8 ,9R9 &9 ,+ 9*09B(9&+&7 ^)9%B9 D9*9B+, ^)9%B9 ?'B 1+=8+8 D,+*&=,+B98[ +&B9*+,98- 8=?B+BB9*+,98- ?+B+>)B')&98- >)B')&98 ^)9%B9 +(+B),,+ ^)9%B9 %=%2*)1+ /*1,=@9 )*0911)2* @ R)B=8 ^)9%B9 &9, a9*' ^)9%B9 v 9*09B(9&+& )*0911)'8+ ?'B b)1u9>>8)+- ;'P)9,,+ %=B*9>))- Q@?L')&- ;@>'(9D+,'R)B=8- c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
#" 5/67
#" 5/67 E! 5/67 #M 5/67 EJ 5/67 E4 5/67 !F 5/67 !E 5/67 E! 5/67 E4 5/67 #M 5/67 E4 5/67 4E 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
4#"
^'B=*1=,'8)8
4#!
^B)D)&9G
4#E 4##
^=8+B)=( \+*DB9*+
4#4
\+B&*9B9,,+
4#F 4#H
\+BD+*>+ \+BD+*>+
c=9,9* 98>+B 1+=8+&+8 ?'B c>+?L@,'1'11=8 A=B9+87 a+%,+('8 &9 0=*)1=,)>)8 1=+*&' 89 +091>+ 9P1,=8)R+(9*>9 9, 0',:1=,' ?),'8'7 c9 &)09B9*1)+ =*+ 0'B(+ 8=?9B0)1)+, T'8>)=(0',)1=,)>)8V @ =*+ ?B'0=*&+ T8)1'8)8V7 ;=+*&' ,+ )*0911)2* ?B'0=*&+ ?B'R'1+ =*+ 19,=,)>)8 ?9B)0',)1=,+B ,+ &9*'()*+('8 0'BO*1=,'- ()9*>B+8 <=9 9, >IB()*' A*>B+P 89 =8+ ?+B+ &98)D*+B ,+ )*0911)2* &9 R+B)'8 0',:1=,'8 1'*>)D='8 B'&9+&'8 &9 =*+ AB9+ &9 19,=,)>)87 Q+(%)I* 9P)8>9 =*+ R+B)+*>9 &9 0=*)1=,)>)8 1+=8+&+ ?'B ]89=&2*)(+ +9B=D)*'8+7 X+ ?+,+%B+ k)(?'>9*1)+k- 1'(' ,+ ?+,+%B+ k0B)D)&9Gk >)9*9 1'**'>+1)'*98 *9D+>)R+87 c'1)+, @ ?8)1',2D)1+(9*>9 98>)D(+>)G+*>9- <=9 *' +%'B&+ 9, +8?91>' L=(+*' &9 ,+ &)80=*1)2* 89P=+,[ ,+ 89*8+1)2* &9 &98R)>+,)G+1)2*- )(?'>9*1)+- @ 9('1)'*+, + &)8>+*1)+ &9 =*' ()8('- ,'8 &9(A8 @ ^=9*>97 ]+B+ 89B )(?'>9*>9 98 <=9 >9 B'%9* &9 =*+ 0=9BG+ &9 ,+ R)&+7 X+ )(?'>9*1)+ 89 1'*8)&9B+ D9*9B+,(9*>9 (A8 &9 =* ?B'%,9(+ ?+B+ ,'8 L'(%B98 <=9 ?+B+ ,+8 (=C9B98- 8)* &=&+- ?'B<=9 9* ,+ 1=,>=B+ '11)&9*>+,- ,+ )&9*>)&+& (+81=,)*+ 89 +8'1)+ 1'* 9, B9*&)()9*>' @ ,+ +DB98)2* T8) *' ,+ 1'9B1)2* &)B91>+V7 c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a+9('?L),=8 R+D)*+,)87 c= LA%)>+> *+>=B+, 98 ,+ R+D)*+ L=(+*+7 0+B)*D)>)8- 98>B9?>'1'1'- $1>)*'(@198 )8B+9,: /*0,+(+1)2*- @ =8' D9*9B+,- &98)*0,+(+1)2*7
#M 5/67
3! 5/67
E4 5/67 #H 5/67
EJ 5/67
#H 5/67 4F 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* 4#J
\9'>B)1L=( 1+*&)&=(
4#3
\)*D)R)>)8
!!J
\,A*&=,+8 +&B9*+,9898>)(=,+1)2*
F#"
\,A*&=,+8 X)(0+Š>)1+8
F#E
\,A*&=,+8 X)(0+Š>)1+8[ D,+*&9B8
4#M
\,+=1'(+
44"
\,)'%,+8>'(+
a'*D' ,9R+&=B)0'B(9 <=9 ?B'&=19 =*+ )*0911)2* 9* ,'8 %B'*<=)'8- ,'8 ?=,('*98 @ ,+8 (=1'8+8- + ,+ 1=+, 89 ,9 &9*'()*+ D9'>B)1'8)87 X+ D)*D)R)>)8 98 =*+ 0'B(+ &9 9*09B(9&+& ?9B)'&'*>+,- <=9 98 ,+ )*0,+(+1)2* 9 )*0911)2* <=9 &98>B=@9* ,'8 >9C)&'8 &9 8'?'B>9 &9 ,'8 &)9*>987 K8>' ?=9&9 )*1,=)B ,+8 9*1:+8- ,'8 ,)D+(9*>'8 ?9B)'&'*>+,98 @ ,'8 +,RI','8 &9*>+,98 TL=98' +,R9',+BV7 X+ D)*D)R)>)8 89 &9%9 + ,'8 9091>'8 + ,+BD' ?,+G' &9 ,'8 &9?28)>'8 &9 ?,+1+ 9* ,'8 &)9*>987 X+ ?,+1+ 98 =* (+>9B)+, ?9D+C'8' 1'(?=98>' &9 %+1>9B)+8- ('1' @ B98)&='8 &9 +,)(9*>'8 <=9 89 +1=(=,+ 9* ,+8 ?+B>98 9P?=98>+8 &9 ,'8 &)9*>987 Q+(%)I* 98 =*+ 1+=8+ )(?'B>+*>9 &9 1+B)98 &9*>+,7 c) ,+ ?,+1+ *' 89 <=)>+- 89 1'*R)9B>9 9* =* &9?28)>' &=B' &9*'()*+&' 8+BB' T' 1A,1=,'V <=9 <=9&+ +>B+?+&' 9* ,+ %+89 &9, &)9*>97 X+ ?,+1+ @ 9, 8+BB' )BB)>+* 9 )*0,+(+* ,+8 9*1:+87 X+8 %+1>9B)+8 @ ,+8 >'P)*+8 <=9 I8>+8 ?B'&=19* L+19* <=9 ,+8 9*1:+8 89 )*091>9*- 89 )*0,+(9* @ 89 >'B*9* 89*8)%,987
FJ 5/67
H# 5/67
K8>A* 8)>=+&+8 9*1)(+ &9 ,'8 B)S'*987 c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d*)&'8 ' K=B'?+- ?9B' 8)D=9 +?+B91)9*&' 9* $8)+- ‹0B)1+ @ $(IB)1+ &9, c=B7
JF 5/67
#" 5/67
#F 5/67 d* >=('B 19B9%B+, ?B)(+B)' 98 =* DB=?' T(+8+V &9 1I,=,+8 +*'B(+,98 <=9 9(?)9G+ 9* 9, 19B9%B'7 X'8 >=('B98 19B9%B+,98 ?B)(+B)'8 +%+B1+* 1=+,<=)9B >=('B <=9 89 )*)1)9 9* 9, 19B9%B'7 K8>'8 >=('B98 89 ?=9&9* 'B)D)*+B + ?+B>)B &9 ,+8 1I,=,+8 19B9%B+,98- ,+8 (9(%B+*+8 +,B9&9&'B &9, 19B9%B' T(9*)*D98V*9BR)'8 ' D,A*&=,+87 X'8 >=('B98 ?=9&9* &98>B=)B &)B91>+(9*>9 1I,=,+8 19B9%B+,987 Q+(%)I* ?=9&9* ?B'R'1+B &+S' + ,+8 1I,=,+8 ?B'&=1)9*&' )*0,+(+1)2*- 9C9B1)9*&' ?B98)2* 8'%B9 '>B+8 ?+B>98 &9, 19B9%B' 9 )*1B9(9*>+*&' ,+ ?B98)2* )*>B+1B+*9+,7
43 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
44!
\,=>9*)*>',9B+*1)+ \'Š*+&+
44E
\'*'BB9+
44# 444
\'>+ \B)?9
EFE
44F
34M
a+,)>'8)8
a9,)1'%+1>9B ?@,'B)
44H
a9('0),)+
44J
a9('D,'%)*+
443 44M 4F" 4F! 4FE 4F# 4F4 4FH
a9('BB')&98 a9?+>)>)8 a9?+>)>)8 $ a9?+>)>)8 N a9?+>)>)8 ; a9B*)+ a9B*)+ U)81+, a9B?98
R9B ;9,)+<=:+
4E 5/67
/*0,+(+1)2* X+ D'*'BB9+ 98 1+=8+&+ ?'B ,+ %+1>9B)+ 69)889B)+ D'*'BBL'9+9 @ ,+ ?=9&9 ?B'?+D+B 1=+,<=)9B >)?' &9 +1>)R)&+& 89P=+,7 c9 ?=9&9 1'*>B+9B ?'B 1'*>+1>' 1'* ,+ %'1+- ,+ R+D)*+- 9, ?9*9 ' 9, X+ D'*'BB9+ 98 1+=8+&+ ?'B ,+ %+1>9B)+ 69)889B)+ D'*'BBL'9+9 @ ,+ ?=9&9 ?B'?+D+B 1=+,<=)9B >)?' &9 +1>)R)&+& 89P=+,7 c9 ?=9&9 1'*>B+9B ?'B 1'*>+1>' 1'* ,+ %'1+- ,+ R+D)*+- 9, ?9*9 ' 9, +*'
!F 5/67 #H 5/67 #M 5/67 43 5/67
X+ a+,)>'8)8- >+(%)I* 1'*'1)&+ 1'(' (+, +,)9*>'- 89 &90)*9 1'(' 9, 1'*C=*>' &9 ','B98 &98+DB+&+%,98 <=9 89 9()>9* ?'B ,+ %'1+7 K8 =* ?B'%,9(+ <=9 +091>+ =*+ &9 1+&+ &'8 ?9B8'*+87 c9 1'*8)&9B+ =* ?B'%,9(+ &9 1+BA1>9B 8'1)+, B9,+1)'*+&' 1'* =*+ L)D)9*9 %=1+, &90)1)9*>9 ' 1'* 9*09B(9&+&98 &9 ,+ 1+R)&+& 'B+,- +=*<=9 9* '1+8)'*98 ?=9&9 89B =*+ (+*)098>+1)2* &9 +,D=*+ '>B+ ?+>','D:+7 X+ a9,)1'%+1>9B ?@,'B) Ta7 ?@,'B)V 98 ,+ %+1>9B)+ T()1B'%)'V B98?'*8+%,9 &9 1+=8+B ,+ (+@'B:+ &9 ,+8 O,19B+8 &='&9*+,98 @ DA8>B)1+8 @ (=1L'8 1+8'8 &9 )*0,+(+1)2* &9, 98>2(+D' TD+8>B)>)8 1B2*)1+V7 ;=+*&' =*' 8+*DB+- 9, 1=9B?' )*)1)+ =*+ 89B)9 &9 B9+11)'*98 <=9 +@=&+* + 1'+D=,+B ,+ 8+*DB9- ,' 1=+, 89 &9*'()*+ 1+81+&+ &9 ,+ 1'+D=,+1)2*7 K, ?B'198' )*R',=1B+ + ?B'>9:*+8 98?91)+,98 ,,+(+&+8 0+1>'B98 &9 1'+D=,+1)2*7 ;=+*&' 0+,>+ =*' ' (A8 &9 98>'8 0+1>'B98 &9 1'+D=,+1)2*- D9*9B+,(9*>9 L+@ =*+ ?'8)%),)&+& (A8 +,>+ &9 8+*DB+&'7 X+ L9('0),)+ 98 1+=8+&+ ?'B =*+ 0+,>+ &9 8=0)1)9*>9 0+1>'B Y/// ' /m7 K* ,+ (+@'B:+ &9 ,'8 1+8'8- ,+ L9('0),)+ 89 >B+*8()>9 &9 ?+&B98 + L)C'8 TL9B9&)>+B)+V @ +091>+ 1'* (+@'B 0B91=9*1)+ + ,'8 L'(%B987 X+ L9('D,'%)*+ 98 =*+ ?B'>9:*+ 9* ,'8 D,2%=,'8 B'C'8 <=9 >B+*8?'B>+ 'P:D9*'7 /*1,=@9 >B+>+()9*>' &9*'B(+,)G+1)2* ?B98)2*- 1)B1=,+1)2* 0=*1)2* +&B9*+,- @ ,)(?)9G+ ?+BA8)>'8 8+*DB9 \9*9B+,
\9*9B+, \9*9B+, 1'(?,9>'
E4 5/67
EJ 5/67
!F 5/67
#" 5/67 E4 5/67 ## 5/67 #H 5/67 EJ 5/67 #M 5/67 !F 5/67 #" 5/67 !EH 5/6
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* 4FJ 4F3 4FM 4H" 4FF
4HE
4H# 4H4 4HF 4HH 4HJ
4H3
4HM 4J! 4JE
a9B?98 a9B?98
a9B?98 G'8>9B Z ;L)1u9* ]'P Z Y+B)19,,+ Z cL)*D,98 Z >)?' # K?8>9)*_ N+BB Y)B=8 Z /*091>)'=8 5'*'*=1,9'8)8 Z ;LB'*)1 ^+>)D=9 c@*&B'(9 T;^cV Z >)?' 4 Q@?9 F Ta=(+* a9B?98 Q@?9 FV Z ;@>'(9D+,'R)B=8 T;5YV Z c+,)R+B@ \,+*& Y)B=8 Z a=(+* a9B?98 a9B?98 Q@?9 H Z a9B?98 Q@?9 ; a9B?98 8',' R)B=8 Œ'8>9B KP)8>9* (=1L'8 >)?'8 &9 98>9 R)B=8- @ (=1L+8 (=>+1)'*98- 1'()9*19 1'* 9, k89> 1'B>'k7 U=B+1)2* F4 a9B?98 89> 1'B>' ()*7 X+ a/Ub`]Kc†$- >+(%)I* ,,+(+&+ bKQK6;/ƒ6 UK X†vd/U`c ' KUK5$c 98 =* >B+8>'B*' (9>+%2,)1' <=9 1'*8)8>9 9* ,+ +1=(=,+1)2* &9 +D=+ = '>B+8 8=%8>+*1)+8 9* 9, 'BD+*)8('7 6'B(+,(9*>9 98>+8 +1=(=,+1)'*98 89 ?B'&=19* 9* ,+8 ?)9B*+8- 9, +%&'(9*- 9* ,+8 (+*'8- @ 9* 9, 1=9,,'7 $ R9198 98>+8 a)&B'?98:+ B9>9*1)'*98 '1+8)'*+* =*+ L)*1L+G2* 9* ,'8 >'%),,'8 ,' 1=+, &9%9 1'*>B',+B89 +&91=+&+(9*>9 ?'B<=9 ?=9&9 89B =*+ 89S+, &9 <=9 *'8 9*1'*>B+('8 9* =* 1+8' &9 )*8=0)1)9*1)+ 1+B&:+1+7 Q+(%)I* B98=,>+ %+8>+*>9 L+%)>=+, <=9 ,+ 1+B+ ' ,'8 'C'8 ?B989*>9* B9>9*1)2* &9 ,:<=)&'8 9* 1=@' 1+8' +?+B919* L)*1L+&'87 ;B)8)8 L9?A>)1+- 9P198' &9 %),)8 9* 9, L:D+&'- 1+=8+*&' 98>B9S)()9*>'- &','B &9 1+%9G+ @ R2()>'8 &9 a:D+&' %),)87 a:D+&' ;)BB'8)8 a:D+&' K*>9B' L9?+>)>)8- ?+BA8)>' ?B'>'G'+B)' ,,+(+&' a)8>'('*+8 (9,9+DB)&)8 a:D+&' ]B'DB+(+ ?+B+ 9,)()*+B ?+BA8)>'8 @ ,'(%B)198- D9*9B+, a:D+&' L9?+>'(9D+,)+ X+ L)?9B+1)&9G 98>'(+1+, TL)?9B+1)&9GV 98 ,+ ?B'&=11)2* &9 DB+*&98 1+*>)&+&98 &9 A1)&' 9* ,+ (=1'8+ DA8>B)1+7 $?+B919 &9*>B' &9, 1=+&B' 1,:*)1' &9 &)R9B8+8 9*09B(9&+&98 @ ?=9&9 1+=8+B (',98>)+8 a)?9B+1)&9G 1+B+1>9B:8>)1+87 X'8 ?+1)9*>98 <=9 8=0B9* &9 L)?9B+1)&9G 98>'(+1+, 8=9,9* <=9C+B89 + (9*=&' &9 8:*>'(+8 1'(' ,+ 89*8+1)2* &9 ?98+&9G- 9B=1>'8 A1)&'8- +1)&9G &9 98>2(+D'- &','B &9 98>2(+D' ' *A=89+87 a)?9B>9*8)2* +B>9B)+, K8 =*+ +0911)2* 9* ,+ 1=+, ,+ D,A*&=,+ >)B')&98 ?B'&=19 &9(+8)+&+ L'B('*+ >)B')&9+7 X+ +0911)2* + a)?9B>)B')&)8(' (9*=&' 89 &9*'()*+ k>)B')&98 L)?9B+1>)R+k7 a)?20)8)8- >)('L)?'>A,+('- @ %+,+*19 D9*9B+,- 9<=),)%B)' 0=*1)'*98 ?)*9+,
!"F 5/67 !"3 5/67 H" 5/67 !"F 5/67 F4 5/67
F4 5/67
## 5/67 EJ 5/67 !F 5/67 43 5/67 E! 5/67
43 5/67
#M 5/67 #H 5/67 ## 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* 4J" 4J# 34J
4J4
4JF 4JJ 4JM 4J3 43" 4H!
43! 43E FE#
a)?'>9*8)2* +B>9B)+,
E! 5/67
K8 =*+ +0911)2* 9* ,+ 1=+, ,+ D,A*&=,+ >)B')&98 *' ?B'&=19 8=0)1)9*>9 L'B('*+ >)B')&9+7 K8>+ +0911)2* + ## 5/67 (9*=&' 89 ,,+(+ >)B')&98 L)?' +1>)R+7 `P)D9*+1)2* )*8=0)1)9*>9 &9 ,+ 8+*DB97 K8>+ 1'*&)1)2* ?=9&9 >9*9B (=1L+8 1+=8+8- &98&9 ()1B'%)'8 9 a)?'P9()+ E! 5/67 )*0911)'*98 ?+B+8)>+B)+8 L+8>+ (+,+ *=>B)1)2*7 X+ L)?'P)+ 19B9%B+, '1=BB9 1=+*&' *' ,,9D+ 8=0)1)9*>9 'P:D9*' +, 19B9%B'7 K, 19B9%B' *9198)>+ =* 8=()*)8>B' 1'*8>+*>9 &9 'P:D9*' @ *=>B)9*>98 ?+B+ 0=*1)'*+B7 a)?'P)+ X+ L)?'P)+ 19B9%B+, 89 B90)9B9 + ,+ ?+B>9 9P>9B*+ &9, 19B9%B'- =* AB9+ ,,+(+&+ L9()809B)' 19B9%B+,7 c)* !E 5/67 9(%+BD'- 9, >IB()*' 1'* 0B91=9*1)+ 89 =>),)G+ ?+B+ B909B)B89 + ,+ 0+,>+ &9 8=()*)8>B' &9 'P:D9*' + >'&' 9, 19B9%B'7 d8+B >+(%)I* ;)B1=,+1)2*- 98>+8)87 a)8>'?,+8('8)8 K8 =*+ )*0911)2* &9%)&+ +, L'*D' a)8>'?,+8(+ 1+?8=,+>=( M 5/67 X+ 9*09B(9&+& &9 a'&Du)* T,)*0'(+ a'&Du)*V 98 =* >)?' &9 ,)*0'(+- =* 1A*19B <=9 89 'B)D)*+ 9* ,'8 a'&Du)*8 !" 5/67 D,2%=,'8 %,+*1'8- ,,+(+&'8 ,)*0'1)>'87 X'8 ,)*0'1)>'8 8'* ?+B>9 &9, 8)8>9(+ )*(=*',2D)1'7 a'*D'8- 0,'B+ ## 5/67 a'*D'8- D9*9B+, 4F 5/67 a'*D'8- )*0911)2* E! 5/67 X+ L'B('*+ &9 1B91)()9*>' L=(+*' ' a\a- 1'(' ?'?=,+B(9*>9 89 1'*'19- 98 =*+ L'B('*+ +*+%2,)1+ a'B('*+ <=9 89 9*1+BD+ %A8)1+(9*>9 &9 ,+ B9D9*9B+1)2*- ,+ B9?B'&=11)2* @ 9, 1B91)()9*>' &9 ,'8 >9C)&'8 &9, !F 5/67 1B91)()9*>' 'BD+*)8('- +?'@+ ,+ B98?=98>+ 8+,=&+%,9 &9, 8)8>9(+ )*(=*)>+B)'- B9D=,+ +8?91>'8 &9 *=98>B+8 0=*1)'*98 (9>+%2,)1+8 9 )*1B9(9*>+ 9, (9>+%',)8(' &9 ,+8 DB+8+87 a'B('*+,7 QB+>+()9*>' !3 ()* !3 5/67 N+,+*19 a=98'8 ;=B+1)2* @ B9D9*9B+1)2* !E 5/67 X'8 L=(+*'8 @ '>B'8 +*)(+,98 B98=,>+* )*091>+&'8 1=+*&' R',=*>+B)+ ' )*R',=*>+B)+(9*>9 1'*8=(9* a@(9*',9?)8 *+*+ (+>9B)+, 1'*>+()*+&' ?'B )*891>'8 T)*1,=8' ?=,D+8 +8'1)+&+8 1'* B+>+8V7 K* =*+ ?9B8'*+ )*091>+&+- 98 MF 5/67 @ &)()*=>+ ?'8)%,9 <=9 9, 1)1,' >'>+, &9 R)&+ &9, D=8+*' 89 1'(?,9>9 9* 9, )*>98>)*'- &9 (+*9B+ <=9 ,+ )*0911)2* ?=9&9 &=B+B +S'87 a)?'>)B')&)8('
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
43#
/1>9B)1)+
434
/,9'1',)>)8
43F
/(?'>9*1)+
43H
/*1'*>)*9*1)+
43J 433 #JF 43M 4ME 4M" 4M!
/*0911)2* \9*9B+, &:+ ! /*0911)2* \9*9B+, &:+ E /*0911)2* =B)*+B)+ /*09B>),)&+& /*0,+(+1)2* 289+ /*0,+(+1)2*D9*9B+, /*0,+(+1)2*Š * D,A*&=,+8
4M#
/*0,=9*G+ &:+ !
4M4 4MF
/*0,=9*G+ &:+ E /*0,=9*G+ &:+ # /*(=*)>+B)'98>+%),)G+1)2* /*(=*)>+B)'98>)(=,+1)2*
344 4MH
X+ )1>9B)1)+ L+19 <=9 ,+ ?)9, @ ,+8 ?+B>98 %,+*1+8 &9 ,'8 'C'8 89 ?'*D+* +(+B),,+87 K, 9P198' &9 %),)BB=%)*+ 1+=8+ ,+ )1>9B)1)+7 X+ %),)BB=%)*+ 98 =*+ 8=8>+*1)+ <=:()1+ 1','B +(+B),,' <=9 1'*>)9*9 ,+ L9('D,'%)*+- 8=8>+*1)+ <=9 >B+*8?'B>+ 9, 'P:D9*' 9* ,'8 D,2%=,'8 B'C'87 $ (9&)&+ <=9 ,'8 D,2%=,'8 B'C'8 89 &9DB+&+*- 9, 1=9B?' &98+BB',,+ *=9R+8 1I,=,+8 ?+B+ 8=8>)>=)B,'87 X+8 1I,=,+8 &9DB+&+&+8 89 ?B'198+* 9* 9, L:D+&'7 c) 9, L:D+&' *' ?=9&9 (+*9C+B ,+8 1I,=,+8 8+*D=:*9+8 + (9&)&+ <=9 89 &9DB+&+*- 89 +1=(=,+ %),)BB=%)*+ 9* 9, 'BD+*)8(' @ ,+ ?)9, ?=9&9 R9B89 +(+B),,+7 c9 &9*'()*+ +8: + 1=+,<=)9B )*0,+(+1)2* <=9 +091>9 +, :,9'* T?+B>9 0)*+, &9, )*>98>)*' &9,D+&'V @ +, 1','* T)*>98>)*' DB=98'V- &9 (+*9B+ 8)(=,>A*9+7 ]=9&9 89B 1+=8+&+ ?'B (=1L+8 9*09B(9&+&98&98>+1+*&' ,+8 )*0911)'*98- ,+ >=%9B1=,'8)8 @ ,+ 9*09B(9&+& &9 ;B'L*7 QB+>+()9*>' ?+B+ L'(%B98 @ (=C9B987 K*=B98)8[ X+ 9*=B98)8 98 ,+ ?9B8)8>9*1)+ &9 ()11)'*98 )*1'*>B',+&+8 (A8 +,,A &9 ,+ 9&+& 9* ,+ <=9 89 +,1+*G+ 9, 1'*>B', R98)1+, T4_H +S'8 1'(' 9&+& 9P>B9(+V
43 5/67
!F 5/67 FJ 5/67 #M 5/67
/*0911)'*98 *' 98?91)0)1+8
JF 5/67
/*0911)'*98 *' 98?91)0)1+8
4F 5/67
QB+>+()9*>' R)B'8)1' D9*9B+,7 QB+>+()9*>' ?+B+ L'(%B98 @ (=C9B987
3! 5/67 #M 5/67 !F 5/67
1=+,<=)9B )*0,+(+1)2*- *' 98?91)0)1+7
E! 5/67 E! 5/67
a+@ (=1L+8 0B91=9*1)+8 89DO* 9, +S'- B9R)8+*&' ,'8 ,)%B'8 @ 0'B'8 b)09- 9*1=9*>B' 89*>)&' +, B9+,)G+B =* DB=?' &9 >B98 &9 &:+8 &9 +?,)1+1)'*987 89D=*&' &:+ %+BB)&'8 &9 0B91=9*1)+ >9B19B &:+- B9>'(+B 9* 9, ?B)(9B &:+7
H" 5/67 !E" 5/67 F4 5/67 #H 5/67
]B'DB+(+ 1'B>'
4E 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* 34#
/*(=*)>+B)'98>)(=,+1)2*
]B'DB+(+ ,+BD'
3J 5/67
4MJ
/*8',+1)2*
4M3
/*8'(*)'
X+8 9(9BD9*1)+8 ' 9*09B(9&+&98 ?'B 9, 1+,'B 8'* '1+8)'*+&+8 ?'B 9P?'8)1)2* +, 1+,'B @ +, 8', 9P>B9('87 +?,)1+B >+(%)I* ?+BA8)>'8 D9*9B+,
4MM
/*8=0)1)9*1)+ B9*+,
Udb$;/ƒ6 E["" L8
!!4 5/67
F"! F"E
/*>98>)*' &9,D+&' /*>98>)*' DB=98' /*>98>)*'8)*0,+(+1)2*
QB+>+()9*>' D9*9B+, &9 >'*)0)1+1)2* @ 9<=),)%B)' &9 0=*1)'*+()9*>' QB+>+()9*>' D9*9B+, &9 >'*)0)1+1)2* @ 9<=),)%B)' &9 0=*1)'*+()9*>'
#" 5/67 E4 5/67
/*0,+(+1)2*- 98?+8('8- 9 )*>'P)1+1)2*
E! 5/67
F"#
F"4
F4" F"F F"H F"J
p,9%8)9,,+ *9=('*:+
X_,)8)*+ T98>)(=,+*>9V
X+1>+*1)+ )*8=0)1)9*>9 X+B)*D9 X+B)*D9 ?2,)?'Z1A*19B
F"3
X9D)'*9,,+
F"M F!"
X9?B+ X9?B+- R+B)+*>9
F!!
X9?>'?)B'8)8
F!E
X9=19()+
F!3
X9=1' 9*190+,)>)8
X+ p,9%8)9,,+ ?*9=('*:+9 98 =* 'BD+*)8(' %+1>9B)+*' B98?'*8+%,9 &9 1+=8+B *9=('*:+- 89?8)8 9 )*0911)2* &9, >B+1>' =B)*+B)' T/QdV7 K8>9 'BD+*)8(' R)R9 9* 9, >B+1>' B98?)B+>'B)' 8=?9B)'B @ D+8>B')*>98>)*+, &9 ,'8 )*&)R)&='8 8+*'87 K, ()1B''BD+*)8(' 1+=8+ )*0911)2* &9, >B+1>' =B)*+B)' 1=+*&' 89 )*>B'&=19 ?'B 1'*>)D„)&+& 9* ,+ B9D)2* >B+:&' ?'B ,+ (+>9B)+ 091+, <=9 ,' 1'*>)9*97 X+ X_,)8)*+ 98 =* +()*'A1)&' 989*1)+, @ ?'B 9,,' &9%9 89B )*D9B)&' 1'* ,+ &)9>+7 X+8 0=9*>98 B)1+8 9* X_ ,)8)*+ 8'* ,+ 1+B*9 @ ,+ ,91L97 c= ?'?=,+B)&+& 1'(' 8=?,9(9*>' 8=BD)2 1=+*&' +,D=*'8 98>=&)'8 8=D)B)9B'* 8= =>),)&+& 9* 9, >B+>+()9*>' &9, R)B=8 L9B?98 8)(?,9P7
#" 5/67 #H 5/67
## 5/67
E! 5/67 !E 5/67
/*0911)2* @ &','B
H# 5/67 EJ 5/67
X+ X9D)'*9,,+ ?B'R'1+ *'B(+,(9*>9 &'8 >)?'8 &9 )*0911)'*98- +(%+8 L+%)>=+,(9*>9 1+=8+&+8 ?'B ,+ X9D)'*9,,+ ?*9=('?L),+7 5@1'%+1>9B)=( ,9?B+9 Z X9?B'8@ Z a+*89*q8 K8 =*+ )*0911)2* DB+R9 @ ?'1' 1'(O* <=9 '1=BB9 1=+*&' 89 9*>B+ 9* 1'*>+1>' 1'* ,+ %+1>9B)+ X9?>'8?)B+7 d>),)G+B ,9=19()+ D9*9B+, @ ,=9D' ,+ 98?91)0)1+- &:+ ?'B (9&)'7 /*0,+(+1)2* &9 ,+ (+>9B)+ %,+*1+ &9, 19B9%B'7 /*0,+(+1)2* ,9=1'1:>)1+ @ L9('BBAD)1+ &9, 8)8>9(+ *9BR)'8' 19*>B+,7
E4 5/67 JE 5/67 JE 5/67 4E 5/67 #" 5/67 F4 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* F!J
X9=1'1)>'8)8
F!M
X9=1'?,+8)+
FE"
X9=1'BB9+
FEJ
X9=1'8)8
FE3
X)D+(9*>'8 X)*0+- 1)B1=,+1)2* @ &B9*+C9 X)*0+- 1)B1=,+1)2* @ &B9*+C9
F#4 F#F FEM
X)*0+*D)>)8
F#H
X)*0' 9&9(+
F#J
X)*0'1)>'8
F#3
X)8)*+
F#M
X)8>9B)'8)8
F4E
X'1'('>'B X'(%B)198 ?+BA8)>'8 &:+ ! X'(%B)198 ?+BA8)>'8 &:+ E
F4# F44
$=(9*>' &9 ,9=1'1)>'8 ' 1I,=,+8 %,+*1+8 &9 ,+ 8+*DB9- ' &9, >9C)&' <=9 ,'8 0'B(+7 K8>' ?=9&9 ,,9R+B +- ' )*&)1+B- X9=19()+7 c'* ?+B1L98 9* ,+ ,9*D=+- 9* ,+ %'1+ ' 9* ,+ ?+B>9 )*>9B*+ &9 ,+ (9C),,+7 K, 9P198' &9 891B91)2* T0,=C'V R+D)*+, 89 &9*'()*+ >I1*)1+(9*>9 ,9=1'BB9+- @ 98 =*' &9 ,'8 ?B'%,9(+8 (A8 0B91=9*>98 9*>B9 ,+8 (=C9B98 6'(%B9 ?B'?=98>' ?+B+ &98)D*+B ,'8 98>+&'8 ,9=1I()1'8- 98 &91)B- ,+8 &)R9B8+8 +0911)'*98 +D=&+8 ' 1B2*)1+8 1+B+1>9B)G+&+8 ?'B ,+ ?B',)09B+1)2* &9 ,'8 19*>B'8 0'B(+&'B98 &9 ,9=1'1)>'8- <=9 89 +1'(?+S+ &9 ,+ )*R+8)2* &9 ,+ 8+*DB9 ?'B ,'8 D,2%=,'8 %,+*1'8 ' *' T,9=19()+8 ()9,')&98- ,)*0')&98 ' +D=&+8W ,9=19()+8 +,9=1I()1+8- 1B)?>',9=19()+8V7 98>)(=,+B ,+ 1=B+1)2*
E! 5/67 !3 5/67 !F 5/67
!F 5/67 !F 5/67
]B'DB+(+ ,+BD' E L'B+8
!"E 5/67
?B'DB+(+ 1'B>' !E ()*7
!E 5/67
K8 =*+ )*0911)2* &9 ,'8 R+8'8 T1+*+,98V ,)*0A>)1'8 @ 98 =*+ 1'(?,)1+1)2* &9 +,D=*+8 )*0911)'*98 %+1>9B)+*+87 K8 =*+ 9*09B(9&+& &9 1=B8' 1B2*)1' <=9 89 (+*)0)98>+ ?'B 9, 9&9(+ T+=(9*>' &9 ,:<=)&'V 9* =*+ 9P>B9()&+& 8=?9B)'B ' )*09B)'B ?'B '%8>B=11)2* &9 ,+8 R:+8 ,)*0A>)1+87 c=8 1+=8+8 8'* (O,>)?,98 @ (=1L+8 &9 9,,+8 *' 8'* 1'*'1)&+87 K*>B9 ,+8 1'*'1)&+8- ,+8 (A8 0B91=9*>98 8'* ,+8 )*0911)'*98- 9P1)8)2* <=)BOBD)1+ &9 ,'8 R+8'8 ,)*0A>)1'8 T?'B 9C9(?,' >B+8 ,+ B98911)2* &9 >=('B98V- &9>9B()*+&'8 1A*19B98 T9*09B(9&+& &9 a'&Du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
!F 5/67
F4 5/67
E4 5/67 !3 5/67 #" 5/67 4E 5/67
QB+>+()9*>' D9*9B+, &9 ?+BA8)>'87
HH 5/67
QB+>+()9*>' D9*9B+, &9 ?+BA8)>'87
43 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* X'(%B)198- @ ?+BA8)>'8 X=(%+D' X=*+B98 X=?=8 D9*9B+, &:+ !
F4F F4H F4J F43 F4M
,+ &9D9*9B+1)2* &9 ,+ ?)9, ?'B &)R9B8+8 9*09B(9&+&98 ,'1+,)G+&+87 Y=,D+B)8 98 =*+ 0'B(+ 1'(O* &9 98>+ 9*09B(9&+& <=9 98 9* B9+,)&+& =*+ 0'B(+ B+B+ &9 >=%9B1=,'8)8 <=9 89 (+*)0)98>+ 1'* ,+ &980)D=B+1)2* @ ,+ &98>B=11)2* &9 ,+ ?)9, @ 9, 1+B>:,+D' &9 ,+ 1+B+7 Q+(%)I* =>),)19 k]+BA8)>'8 D9*9B+,k7 X@(9 Qb &:+ ! X@(9- ?B'DB+(+ &9 &'8 &:+87 X@(9 Qb &:+ E X@(9- ?B'DB+(+ &9 &'8 &:+87 X@(9- B9+,)G+B X+ 9*09B(9&+& &9 X@(9 98 =*+ )*0911)2* %+1>9B)+*+ <=9 89 +&<=)9B9 ?'B ,+ ?)1+&=B+ &9 =*+ D+BB+?+>+ >+(%)I* N'BB9,)+ )*091>+&+7 K, ?B)(9B 8:*>'(+ 98- D9*9B+,(9*>9- =* 8+B?=,,)&' <=9 ?=9&9 R9B89 1'(' =*+ 981+B+?9,+7
FF"
5A1=,+7 U9D9*9B+1)2*
FF!
5+,+ +%8'B1)2* c:*&B'(9
FFE
5+,+B)+
FF4
5+(+8 0)%B'(+
FF#
FFH
!#E 5/67 FJ 5/67 HH 5/67 4F 5/67
X=?=8- D9*9B+, &:+ E
34! 34E
34H
QB+>+()9*>' X+BD'- 6` dc$b K6 5K6`bKc7 QB+>+()9*>' &9 E[!" L8- ?+B+ ?+BA8)>'8 @ ,'(%B)198 &9 &)0:1), 8',=1)2*7 Q`5$b 5d;a$ $\d$ l bK;`6cQ/QdlK6QK UK X$ ^X`b$ /6QKcQ/6$X7 &','B- )*0,+(+1)2*
U9>9B)'B' &9 ,+ ?'B1)2* 19*>B+, &9 ,+ B9>)*+- ,+ 1+?+ ?'8>9B)'B )*>9B)'B &9, 'C' <=9 B9D)8>B+ ,+8 )(AD9*98 <=9 R9('8 @ ,'8 9*R:+ + >B+RI8 &9, *9BR)' 2?>)1' &98&9 9, 'C' L+8>+ 9, 19B9%B'7 ]=9&9 1+=8+B 19D=9B+7 X+ ?+B>9 19*>B+, &9 ,+ B9>)*+- 1'*'1)&+ 1'(' ,+ (A1=,+- 98 B98?'*8+%,9 &9 9*0'1+B ,+ R)8)2* 19*>B+, 9* 9, 'C'- @ 1'*>B',+ *=98>B+ 1+?+1)&+& ?+B+ ,99B- 1'*&=1)B =* 1'1L9- B91'*'19B B'8>B'8 ' 1','B98- @ R9B7 5=1L'8 0+1>'B98 ?=9&9* )(?9&)B ,+ 1'BB91>+ +%8'B1)2* &9 *=>B)9*>98 9* 9, >B+1>' &)D98>)R'- >+,98 1'(' 9, 1B91)()9*>' 9P198)R' &9 ()1B'%)'8- )*0911)'*98- >B+8>'B*'8 (9>+%2,)1'8 @ D,+*&=,+B98- &90)1)9*1)+8 *=>B)1)'*+,98- @ '%8>B=11)2* (91A*)1+ 9* 9, )*>98>)*'7 ;'(?,9(9*>9 8= &)9>+ 1'* ,+ 0,'B+ )*>98>)*+, +()D+%,97 K8 ?'8)%,9 <=9 &9899 1'*8)&9B+B L+19B 1',2*)1'8 @ 1'*8=,>+B + =* (I&)1' L',:8>)1' &9 ,+ 8+,=&7 =*+ 9*09B(9&+& )*0911)'8+- 'B)D)*+B)+ &9 ,+8 G'*+8 >B'?)1+,98- <=9 89 >B+*8()>9 ?'B ,+ ?)1+&=B+ &9 =* ('8<=)>' @ 89 1+B+1>9B)G+ ?'B 0)9%B9- +*9()+ @ +DB+*&+()9*>' &9, %+G'
X+ (+8>)>)8 98 =* >IB()*' (I&)1' <=9 89 B90)9B9 + ,+ )*0,+(+1)2* &9 ,+ D,A*&=,+ (+(+B)+ &9 ?B)(+>98 @ ,+ =%B9 9* '>B'8 (+(:09B'87 c9 &+ ?'B =*+ '%8>B=11)2* &9 ,'8 1'*&=1>'8 &9 ,+ ,91L97 X+ (+8>)>)8 ?=9&9 5+(+8 5+8>)>)8 89B ,,+(+&' >+(%)I* +%8198' 8=%+B9',+B- 91>+8)+ &=1>+,- )*0,+(+1)2* ?9B)&=1>+, ' 9*09B(9&+& &9 Œ=8u+7 YKb ;‹6;Kb ]K;a`7 59,+*'(+ (9>A8>+8)8
M" 5/67 F4 5/67 4F 5/67 F! 5/67
F! 5/67
#" 5/67
M" 5/67 E4 5/67 !" 5/67
!3 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* FF3
59*)9B9
FFM
59*)*D)'(+
FH" FH!
59*)*D)>)8 &:+ ! 59*)*D)>)8 &:+ E
59*)*D)>)8 ?'B K1L' Y)B=8
FHE
FH# HEF FH4 FHF FHJ
59*)*D'9*190+,)>) 8 59*'?+=8)+ 59*8>B=+1)2*+(9*'BB9+ 59*8>B=+1)2*%+,+*19 L'B('*+, 59*8>B=+1)2*&)8(9*'BB9+
K8 =* >B+8>'B*' &9, ':&' )*>9B*' <=9 +091>+ 9, 9<=),)%B)' @ ,+ +=&)1)2*7 d* 59*)*D)'(+ 98 =* >=('B 19B9%B+, =8=+,(9*>9 %9*)D*'7 c9 ?B989*>+ 9* 9, >9C)&' +B+1*')&9' &9 ,+8 (9*)*D98 @ 89 +&L)9B9 + ,+ &=B+(+&B9- 98 &9 1B91)()9*>' ,9*>'7 K8 9, >=('B ?B)(+B)' (A8 1'(O* &9, 8)8>9(+ *9BR)'8' 19*>B+,7 b9+,)19 >+(%)9* (9*)*D)>)87 QB+>+()9*>' D9*9B+, ?B)(9B &:+ QB+>+()9*>' D9*9B+, 89D=*&' &:+ K8 =*+ )*0911)2* %+1>9B)+*+ &9 ,+8 (9(%B+*+8 <=9 1=%B9* 9, 19B9%B' @ ,+ (I&=,+ 98?)*+, T(9*)*D98V7 ;+=8+8 X+8 1+=8+8 (A8 1'(=*98 &9 (9*)*D)>)8 8'* ,+8 )*0911)'*98 R)B+,98 <=9 D9*9B+,(9*>9 (9C'B+* 8)* >B+>+()9*>'7 c)* 9(%+BD'- ,+8 )*0911)'*98 (9*)*D:>)1+8 %+1>9B)+*+8 8'* 9P>B9(+&+(9*>9 DB+R98 @ ?=9&9* ?B'&=1)B ,+ (=9B>9 ' &+S' 19B9%B+, )*1,=8' 1'* >B+>+()9*>'7 X+ (9*)*D)>)8 >+(%)I* ?=9&9 89B 1+=8+&+ ?'B[ /BB)>+1)2* <=:()1+7 $,9BD)+8 + (9&)1+(9*>'87 a'*D'87 ]+BA8)>'87 Q=('B987 X+ (+@'B:+ &9 ,+8 (9*)*D)>)8 R)B+,98 89 &9%9 + 9*>9B'R)B=8- <=9 8'* R)B=8 <=9 >+(%)I* ?=9&9* 1+=8+B 9*09B(9&+& )*>98>)*+,7 5=1L'8 '>B'8 >)?'8 &9 R)B=8 ?=9&9* 1+=8+B (9*)*D)>)8[ X+ (9*)*D)>)8 R)B+, ?=9&9 89B 1+=8+&+ ?'B 9, R)B=8 &9, L9B?98- 9, ()8(' R)B=8 <=9 ?=9&9 1+=8+B 9, L9B?98 ,+%)+, @ 9, L9B?98 D9*)>+,7 c)* 9(%+BD'- ,+8 ?9B8'*+8 1'* L9B?98 ,+%)+, ' D9*)>+, *' 98>A* 9* (+@'B B)98D' &9 &98+BB',,+B (9*)*D)>)8 L9B?I>)1+7 X'8 R)B=8 <=9 ?=9&9* 1+=8+B ?+?9B+8 @ Y/a ?=9&9* ?B'R'1+B (9*)*D)>)8 +8I?>)1+7 b91)9*>9(9*>9- 9, R)B=8 &9, 6),' `11)&9*>+,- <=9 89 &)89()*+ ?'B (9&)' &9 ,+8 ?)1+&=B+8 &9 ('8<=)>'87 ;+=8+&+ ?'B ;B@?>'1'11=8 *9'0'B(+*8- =*+ ,9R+&=B+ <=9 )*091>+ 9, >B+1>' B98?)B+>'B)' ?9B' ,=9D' ?=9&9 9*>B+B 9* 9, 19B9%B' @ 1+=8+B )*0911)2*7 X'8 8:*>'(+8 )*1,=@9* &','B &9 1+%9G+- *A=89+8- ?+8' >+(%+,9+*>9- )BB)>+%),)&+&- 1'*0=8)2* @ R)8)2* %'BB'8+7 1+,'B98 Q+(%)I* ?=9&98 R9B ,+8 &90)1)9*1)+8 *=>B)1)'*+,98 @ &989<=),)%B)'8 L'B('*+,987
ME 5/67 M 5/67 F! 5/67 ## 5/67
#" 5/67
F4 5/67 !E 5/67 J3 5/67 !" 5/67
Q+(%)I* ?=9&98 R9B ,+8 &90)1)9*1)+8 *=>B)1)'*+,98 @ &989<=),)%B)'8 L'B('*+,987
## 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
FJ" FJ!
59*8>B=+1)2*0=(1)2* D9*9B+, 59B1=B)' 59>+,98 ?98+&'8
FJE
5)1'8)8 0=*D')&9
FJ3
5)1B'8?'B=(
FJ# FJ4 FJF FJH FJJ
5)9&'8 5)DB+S+ 5)DB+S+ 5)DB+S+ 5)DB+S+
FHH
FJM F3"
F3!
F3E
Q+(%)I* ?=9&98 R9B ,+8 &90)1)9*1)+8 *=>B)1)'*+,98 @ &989<=),)%B)'8 L'B('*+,987
EJ 5/67
$@=&+ + 8= 9,)()*+1)2* U98)*>'P)1+1)2*- >'(+B (=1L+ +D=+- B9+,)19 ,)(?)9G+ L9?A>)1+ @ B)S'*98 X+ ()1'8)8 0=*D')&9 @ 8:*&B'(9 &9 cIG+B@ 8'* 9*09B(9&+&98 ?'B ,+8 <=9 ,'8 ,)*0'1)>'8 T>)?' &9 D,2%=,'8 %,+*1'8V 89 R=9,R9* (+,)D*'8 T1+*19B'8'8V @ +091>+* ,+ ?)9,7
!E 5/67 4F 5/67
5)1B'8?'B=( 98 =* DI*9B' &9 L'*D'8 1+=8+*>98 &9 ,+ >)S+ &9 ,+ 1+%9G+- >)S+ 1'B?'B)8- T&9B(+>'0)>'8)8V 9*>B9 '>B+8 ()1'8)87 K8 =* L'*D' 0),+(9*>'8' <=9B+>)*'0:,)1'8 )*1,=)&' 9* 9, DB=?' &9 ,'8 &9B(+>'0)>'8
]'B ?+BA8)>'8 v=9 )*R',=1B+ >'P)1)&+&7 ;+=8+&+ ?'B R9B>9%B+8- R9+ &9 R)8)>+B + =* <=)B'?BA1>)1'7 d* >=('B 0'B(+&' ?'B >9C)&' (=81=,+B7 c'* >=('B98 *' 1+*19B'8'8 T%9*)D*'8V <=9 1B919* 9* 9, O>9B' 5)'(+ T(+>B)GV7 U9%),)&+& ?B'DB98)R+ @ ,+ )*0,+(+1)2* &9, >9C)&' (=81=,+B- &9%)&' + =*+ ,98)2* 0:8)1+- ,+ &)+%9>98- ' 5)8'>)8)8 ?+BA8)>'87 K, ('L' TL'*D'8V 89 B9?B'&=19 ?'B (9&)' &9 ?9<=9S+8 98?'B+87 K8>+8 98?'B+8 89 >B+*8?'B>+* 1'*>)*=+(9*>9 9* 9, +)B9 ,)%B9 +8: 1'(' 9* )*>9B)'B987 ;=+*&' ,+8 98?'B+8 89 &9?'8)>+* 9* =*+ 8=?9B0)1)9 LO(9&+ 1'()9*G+* + 1B919B @ + +,)(9*>+B89 &9 ,+ 8=?9B0)1)9 + ,+ 1=+, 98>A* +&L9B)&+87 a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c9 1'*'19 1'(' ,+ k9*09B(9&+& &9, %98'k @ 89 ?B989*>+ 1'* (A8 0B91=9*1)+ 9* 5'*'*=1,9'8)8 ?9B8'*+8 9*>B9 ,'8 !F @ !J +S'8 &9 9&+&- ?9B' ,+ )*0911)2* ?=9&9 &98+BB',,+B89 + 1=+,<=)9B 9&+&7 X+ ('*'*=1,9'8)8 D9*9B+,(9*>9 98>A ,)D+&+ +, R)B=8 &9 K?8>9)*_N+BB TKNYV7 K* B+B+8 '1+8)'*98- ?=9&9 89B '1+8)'*+&+ ?'B '>B'8 R)B=8 1'(' 9, 1)>'(9D+,'R)B=8 T;5YV7
!F 5/67 JF 5/67 !F 5/67 !F 5/67 #H 5/67 #M 5/67 !F 5/67 E! 5/67 E! 5/67
MM 5/67
!"3 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* F3# F34 F3F F3H FM" F33 F3M FM!
FME
FMH
FMF
FMJ
FM#
5=1'B 98 =* DI*9B' &9 L'*D'8 &9 ,+ 0+(),)+ 5=1'B+19+9- 'B&9* 5=1'B+,98- <=9 0'B(+* &9,)1+&'8 0),+(9*>'8 >=%=,+B98 %,+*1'8 @ 98?'B+*D)'8 *9DB'8 980IB)1'87 ]B'&=19* B9+1>)R)&+& 1=>A*9+7 5=1'B ?,=(%9=8 c)(),+B +, 5=1'B (=19&' @ 5=1'B B+19('8=8 0B989*7 5=1'B B+19('8=8 d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c`6 ]bK;/c$c QbKc $]X/;$;/`6Kc ;`6 UKc;$6c`c UK !3 5/6dQ`c UK /6QKbY$X`7 /(?,)1+&' 9* 5@1'?,+8(+ ,+ +B>B)>)8- ,+ $Q5 T+B>)1=,+1)2* >9(?'B'(+*&)%=,+BV >B+8>'B*'8- ,'8 'C'8 @ ,'8 >B+8>'B*'8 &9, ':&' @ ,+8 8+,)R+B)=( )*0911)'*98- @ ,+8 )*0911)'*98 &9 ,+ %'1+ @ ,+8 9*1:+8- )*1,=@9*&' D)*D)R)>)8- 9*09B(9&+& ?9B)'&'*>+, 9 )*1,=8' 1+B)987 5=1'B (=19&'
5@1'8)8 0=*D')&98
K8 =* >)?' &9 1A*19B &9 ?)9, <=9 89 +89(9C+ 91G9(+
!3 5/67 !E 5/67 H" 5/67 !3 5/67 JF 5/67 4E 5/67 #" 5/67 !!4 5/67
!!! 5/67
!!" 5/67
EJ 5/67
!3 5/67
!F 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
FM4
5@'?,+8(+ D9*9B+,
FM3 FMM H""
6+8+, 6+8+, ?',)?' 6+=89+8
H"!
690B)>)8
H"E
69'?,+8)+ &:+ !
H"# H"4 H"F
H"J
5@1'?,+8(+ 8'* +?B'P)(+&+(9*>9 =*+ &I1)(+ ?+B>9 &9, >+(+S' &9 %+1>9B)+8 B9D=,+B987 $091>+* + ,'8 89B98 L=(+*'8- +*)(+,98 @ ?,+*>+87 6'B(+,(9*>9 *' 1+=8+* &+S'8 DB+R98W c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b9+,)19 ?',)?' D9*9B+, >+(%)9*7 X+ )*0,+(+1)2* &9 ,'8 B)S'*987 Q+(%)I* R9+ '>B+8 9*>B+&+8 9* 98>+ 8911)2*- @+ <=9 1=+*&' ,'8 B)S'*98 8'* 89*8)%,98 )*0,+(+&'- 98 0A1), ?+B+ <=9 ?=9&+* &98+BB',,+B =*+ )*0911)2*7 d*+ *9'?,+8)+ T,,+(+&+ >+(%)I* >=('B ' %,+8>'(+V 98 =*+ (+8+ +*'B(+, &9 >9C)&'- ?B'&=1)&+ ?'B (=,>)?,)1+1)2* &9 +,DO* >)?' &9 1I,=,+8W 98>+ (=,>)?,)1+1)2* 98 &981''B&)*+&+ 1'* ,'8 (91+*)8('8 <=9 1'*>B',+* ,+ (=,>)?,)1+1)2* 19,=,+B 9* 9, 'BD+*)8('- @ ,'8 8=?9B+7 $&9(A8- 98>'8 >=('B98- =*+ R9G 'B)D)*+&'8- 1'*>)*O+* 1B91)9*&' +=*<=9 &9C9* &9 +1>=+B ,+8 1+=8+8 <=9 ,'8 ?B'R'1+*7
69'?,+8)+ &:+ E 69BR)'8&98'B&9*98 69BR)'8- ('>'B 9 )*0,+(+1)'*
69=('*)+
## 5/67
EJ 5/67 H 5/67 4F 5/67 3! 5/67
4E 5/67 34 5/67 FJ 5/67 !F 5/67
K8 =*+ +0911)2* B98?)B+>'B)+ 9* ,+ 1=+, L+@ =*+ )*0911)2* &9, ?=,(2*7 K8>9 +B>:1=,' 1=%B9 ,+ *9=('*:+ 9P>B+L'8?)>+,+B)+7 K8>9 >)?' &9 *9=('*:+ 89 9*1=9*>B+ 9* ?9B8'*+8 <=9 *' L+@+* 98>+&' B91)9*>9(9*>9 9* 9, L'8?)>+, = '>B' 19*>B' &9 +>9*1)2* (I&)1+- 1'(' =* L'D+B &9 +*1)+*'8 ' =* 19*>B' &9 B9L+%),)>+1)2*7 X+ *9=('*:+ <=9 +091>+ + ,+8 ?9B8'*+8 9* 19*>B'8 &9 +>9*1)2* (I&)1+- >+,98 1'(' L'8?)>+,98- 89 &9*'()*+ *9=('*:+ )*>B+L'8?)>+,+B)+7
FJ 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* H"M H!" H"3
69=('*)+ %B'*<=)+, 69=('*)+ u)9%8)9,,+ 69=('*)+ (@1'?,+8(+
H!!
69=B+,D)+
F"" H!J
K8 =* &','B +D=&' @ 98?+*>'8' <=9 8)D=9 ,+ B=>+ &9 =* *9BR)' @ 89 &9%9 + ,+ )BB)>+1)2* ' &+S' + &)1L' *9BR)'7 X+8 *9=B+,D)+8 1'(=*98 +%+B1+*[ a9B?98 G28>9B- 69=B+,D)+ &9, >B)DI()*'7 X+8 1+=8+8 &9 ,+ *9=B+,D)+ +%+B1+*[ /BB)>+1)2* ?'B <=:()1'8- /*8=0)1)9*1)+ B9*+, 1B2*)1+- U)+%9>98 /*0911)'*98 1'(' L9B?98 G28>9B T1=,9%B),,+V- Y/a- 8:0),)8 @ 9*09B(9&+& &9 X@(9 59&)1+(9*>'8 1'(' 1)8?,+>)*'- ?+1,)>+P9, ' R)*1B)8>)*+7 ]'B0)B)+7 ]B98)2* 8'%B9 ,'8 *9BR)'8 ?'B L=98'8- ,)D+(9*>'8- R+8'8 8+*D=:*9'8 ' >=('B98 19B1+*'8 QB+=(+>)8(' T)*1,=@9*&' 1)B=D:+V K* (=1L'8 1+8'8- ,+ 1+=8+ 89 &981'*'197
!3 5/67
69=B+,D)+ '11)?)>+,
!E 5/67
H!E
69=B'8)8
E! 5/67
4E 5/67
H!#
H!4
#" 5/67
69=B+,D)+ )*>9B1'8>+,
69=B+,D)+>B)D9()*' 69=B)>)8
HE!
EJ 5/67
6'1+B&)+ +8>9B')&98
3! 5/67 /*0,+(+1)'* &9 =* *9BR)' 69=B'8)8 L+19 B909B9*1)+ + =*+ +0911)2* 9* 9, 8)8>9(+ *9BR)'8' <=9 ?B'R'1+ 1'*891=9*1)+8 9* 9, (+*9C' <=9 =*+ ?9B8'*+ >)9*9 &9 8=8 9('1)'*98- ,' 1=+, ,+ ,,9R+ + &98+BB',,+B =*+ ?+>','D:+ <=9 ,9 )(?)&9 1B9+B 9(?+>:+ 1'* 9, (9&)'7 6'1+B&)+ 98 =* DI*9B' &9 %+1>9B)+8 \B+(_?'8)>)R+8 <=9 89 9*1=9*>B+* 9* 8=9,'8 &9 >'&' 9, (=*&' B)1'8 9* (+>9B)+ 'BDA*)1+7 c'* 1+>+,+8+_?'8)>)R+8 @ 1'* 0'B(+ &9 %+1),'8 0),+(9*>'8'8- ?+B919* L),'8 +,+BD+&'87 $,D=*+8 98?91)98 8'* ?+>'DI*)1+8 <=9 1+=8+* *'1+B&)'8)87! X+ (+@'B:+ &9 ,+8 )*0911)'*98 1+=8+&+8 ?'B 6'1+B&)+ 89 +&<=)9B9* ?'B )*L+,+1)2* &9 ,+ %+1>9B)+ ' + >B+RI8 &9 >B+=(+>)8('87
!E 5/67 E4 5/67
E! 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
H!F
6'8'1'()+,
H!H
`%98)&+&
H!3
`19*+
H4E H!M HE" HEE HE# HE4 HEJ HEH HE3 H#! HEM
`)&' `)&' `:&'- &','B `C' `C'- &98'B&9*98 `C'8 `,0+>' `,0+>' ?9B&)&+ `B+, `B+,- 0:8>=,+ `B+,- )*0,+(+1)2*
H#"
`B+,- ,98)'*98
H#E
`B+,- *'(+
K* 9, A(%)>' (I&)1' 89 &9*'()*+ )*0911)2* *'8'1'()+, TU9, ,+>:* *'8'1'(=(- L'8?)>+, &9 9*09B('8V ' )*0911)2* )*>B+L'8?)>+,+B)+ + ,+ )*0911)2* 1'*>B+:&+ ?'B ?+1)9*>98 )*DB98+&'8 9* =* B91)*>' &9 +>9*1)2* + ,+ 8+,=& T*' 82,' L'8?)>+,98V7 Y)B=8 ;,'8>B)&)=( &)00)1),9- @ c>+?L@,'1'11=8 +=B9=87 d* 9P198' &9 >9C)&' DB+8' 9* B9,+1)2* + ,+ (+8+ (+DB+ (=81=,+B7 X+8 ?9B8'*+8 89 1'*8)&9B+* 1'* 8'%B9?98' 8)- &9 +1=9B&' 1'* 9, †*&)19 &9 5+8+ ;'B?'B+, T/5;V- <=9 >)9*9* =* EFj &9 DB+8+W '%98+ 8) >)9*9* #"j &9 DB+8+W @ 89R9B+(9*>9 '%98'8 (2B%)&'8 ' 8) >)9*9* 4"j ' (A8 &9 DB+8+7 K8 =*+ 9*09B(9&+& &9 ,+ *+B)G ?'B ,+ 1=+, 89 ?B'&=19 =* &98D+8>9 &9 ,+8 1B98>+8 289+8 @ (9(%B+*+8 (=1'8+8 )*>9B*+87 X+ '19*+ >+(%)I* 89 &9*'()*+ B)*)>)8 +>B20)1+7 19B=(9* 9P198)R' ?+>','D)Š+8 &)R9B8+8 T&981+BD+8- G=(%)&'8- ?)1'B98- ?9ŠB&)&+ &9 +=&)1)'Š*V )*0,+(+1)2* @ +*>)8I?>)1' R)8)'* *=%'8+- 1+>+B+>+8- &)?,'?)+- )*0911)'*98- 9>1Ž 0+,>+ &9 &90)*)1)2* X+ *+B)G @ ,'8 89*'8 ?+B+*+8+,98- >B+>+()9*>' &9, 8)>9(+ D9*9B+, $*'8()+ 9B=?1)'*98 @ D+*D,)'8 ,)*0+>)1'8
X+8 L9B)&+8 +%)9B>+8 ' ,,+D+8 )*091>+&+8- ?'B ,' D9*9B+,7 $=*<=9 ,'8 ?B'%,9(+8 &9*>+,98 ?=9&9* 89B 1'*>B',+&'8 ' 9,)()*+&'8 ?'B 1'(?,9>' 1'* 9, >B+>+()9*>'- ,+ )*0911)2* 8)9(?B9 89 B9?9>)BA T+ (9*=&' 1'* 9, 98>BI8 ' ,+ (+,+ +,)(9*>+1)2*V L+8>+ <=9 >'&+8 ,+8 )*1B=8>+1)'*98 &9 (9B1=B)' T1'*'1)&'8 1'(' k9(?+8>98 &9 ?,+>+kV 89 8=8>)>=@9* 1'* ?'B19,+*+_=B+*)' ,)%B9 @ +,9+1)2* &9 *:<=9, +?+B+>'8 &9*>+,98 89 8=8>)>=@9* 1'* +19B' )*'P)&+%,97 K, *'(+ - >+(%)I* 1'*'1)&' 1'(' 98>'(+>)>)8 D+*DB9*'8+ ' 1+*1B=( 'B)8- 98 =*+ 9*09B(9&+& )*0911)'8+ D+*DB9*'8+ <=9 ,,9R+ + =*+ &98>B=11)2* ,'8 >9C)&'8 &9 ,+ 1+B+- 98?91)+,(9*>9 &9 ,+ %'1+ @ &9 ,+ (9C),,+7
F! 5/67
#H 5/67 M 5/67 !F 5/67 H" 5/67 !E 5/67 #" 5/67 4F 5/67 !E 5/67 J3 5/67 !" 5/67 ## 5/67 E! 5/67 M 5/67
JE 5/67
E4 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
JFH
H## H#4 H#H H#F H#J
H#3
H#M H4" H4! H4# H4F H4H H4J
X+ 'B<=)>)8 98 =*+ )*0911)2* %+1>9B)+*+ ' R)B+, 9* =*' ' +(%'8 >98>:1=,'87 X+ 1+=8+ &9 ,+ 'B<=)>)8 ?=9&9 89B =*+ &9 ,+8 8)D=)9*>98[ K?)&)&)()>)87 K, 9?)&:&)(' 98 9, 1'*&=1>' <=9 >B+*8?'B>+ 9, 89(9* &98&9 9, >98>:1=,' L+8>+ ,+ =B9>B+ T9, 1'*&=1>' ?'B &'*&9 8+,9 ,+ 'B)*+V7 c) 9, 9?)&:&)(' 89 )*091>+- ,+8 %+1>9B)+8 ?=9&9* ?B'?+D+B89 L+8>+ 9, >98>:1=,'7 ;)9B>+8 9*09B(9&+&98 &9 >B+*8()8)2* 89P=+, TKQcV 1'(' ,+ D'*'BB9+ ' ,+ 1,+()&)+ 8'* =*+ 1+=8+ 1'(O* &9 9?)&)&)()>)8 @ 'B<=)>)87 `B<=)>)8- `B1L)>)8 3! 5/67 /*0911)2* &9 ,+ ?B28>+>+7 X+ ?B28>+>+ B'&9+ =*+ ?'B1)2* &9 ,+ =B9>B+7 d*+ )*0911)2* 9* ,+ ?B28>+>+ ?=9&9 9P>9*&9B89 +, >98>:1=,'7 ]+?9B+87 K8>+ 98 ,+ )*0911)2* R)B+, (A8 1'(O* <=9 1+=8+ 'B<=)>)87 X+ >9B19B+ ?+B>9 &9 ,'8 R+B'*98 (+@'B98 &9 !" +S'8 1'* ?+?9B+8 &98+BB',,+BA* 'B<=)>)87 X+ ()>+& &9 ,+8 )*0911)'*98 ?'B 'B<=)>)8 1'*&=19* + ,+ +>B'0)+ T&)8()*=1)2* &9, >+(+S'V &9, >98>:1=,' +091>+&'7 X+ )*09B>),)&+& 98 =* 9091>' 891=*&+B)' ?'1' 0B91=9*>9 @ '1=BB9 82,' 1=+*&' +(%'8 >98>:1=,'8 98>A* +091>+&'87 X+ (+@'B:+ &9 ,+8 ?B'>=%9B+*1)+8 9* 9, ?AB?+&' 8'* 'BG=9,'87 d* 'BG=9,' 98 =*+ D,A*&=,+ 89%A19+ `BG=9,' )*0,+(+&+ 9* 9, %'B&9 &9, ?AB?+&'- &'*&9 I8>9 89 9*1=9*>B+ 1'* ,+ ?98>+S+- @ +?+B919 1'(' =*+ E4 5/67 ?B'>=%9B+*1)+ )*0,+(+&+ @ B'C)G+ <=9 ,=19 1'(' =* DB+*'7 ;'* 0B91=9*1)+ 98 89*8)%,9 +, >+1>'7 `Š89' ?B'%,9(+8 ?9B)'&'*>+,98- @ ?+>','D)Š+8 D9*9B+,98 '89+87 F! 5/67 X+ )*0,+(+1)2* &9, L=98' 1'* 1I,=,+8 )BB9D=,+B987 c9 ?=9&9 +1'(?+S+B ?'B ,+ &)8>'*:+ R98:1=,+ %),)+B- ' `8>9)>)8 #H 5/67 >'*' +,>9B+1)2* &9 ,+8 0)%B+8 (=81=,+B98 <=9 1'(?'*9* ,+ R98:1=,+ %),)+B7 `8>9'+B>B)>)8 !F 5/67 `8>9'(@9,)>)8 X+ )*0,+(+1)2* &9 ,+ (I&=,+ 289+ ' &9 ,+ (I&=,+ 289+ 1'* 9, L=98'7 FJ 5/67 b9%,+*&91)()9*>' @ &9D9*9B+1)2* &9, L=98'7 X+ ?'8>=B+ 9*1'BR+&+ '%89BR+ 1'(O*(9*>9 9* ?9B8'*+8 &9 9&+& +R+*G+&+ ?'B ,' D9*9B+, 89 ,9 +>B)%=@9 + ,+ '8>9'?'B'8)8- + ?98+B &9 <=9 (=1L+8 ?9B8'*+8 1'* `8>9'?'B'8)8 L=98'8 ,)R)+*'8 *' >)9*9* 1'*&)1)'*98 ?'8>=B+,987 K, 1=9B?'- <=9 *9198)>+ 1+,1)' ?+B+ ,'8 ?B'198'8 #H 5/67 (9>+%2,)1'8 R)>+,98- >+,98 1'(' 9, >B+*8?'B>9 &9 *=>B)9*>98 + >B+RI8 &9 ,+ (9(%B+*+ 19,=,+B- 89 0),>B+ 9, 1+,1)' &9 ,'8 L=98'8 1=+*&' *' L+@ 8=0)1)9*>9 1+,1)' ,)%B9 9* 9, 1=9B?'7 `>)>)8 K* 9, ':&' (9&)' 43 5/67 `>)>)8 K* 9, ':&' 9P>9B*' !3 5/67 `>'81,9B'8)8 K8 =* 1B91)()9*>' 289' +*'B(+, 9* 9, ':&' (9&)' <=9 1+=8+ L)?'+1=8)+7 !F 5/67 `R+B)'- =>9B' U98'B&9*98 D9*9B+,98 JF 5/67 `R+B)'- =>9B' ]2,)?' !F 5/67 `R+B)'- =>9B' /*0,+(+1)2* 19BR)P #M 5/67 `R+B)' =>9B' /*0,+(+1)2* >B'(?+8 0+,'?)' E4 5/6
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
H43
`R+B)'- =>9B')*0,+(+1)'* K]/
H4M HF" HF!
]+,?)>+1)'*98 ]+*1B9+8 ]+*1B9+8
HFE
]+?9B+8
HF#
]+?),'(+ B9*+,
HF4
4#3
HFM
HFF HF3
d* >IB()*' D9*9B+, ?+B+ =*+ )*0911)2* <=9 )*1,=@9 =*+ ' >'&+8 &9 ,+8 8)D=)9*>98 AB9+8[ ,+ >B'(?+8 &9 ^+,'?)'- ,'8 'R+B)'8 @ 9, O>9B'7 K]/ 98 =*+ 9*09B(9&+& &9 >B+*8()8)2* 89P=+,7 X'8 8:*>'(+8 ?=9&9* )*1,=)B &','B 9* ,+ R9C)D+- R+D)*+=B9>B+ ' )*09B)'B &9 ,+ 98?+,&+W (9*8>B=+1)'*98 )BB9D=,+B98W 0,=C' R+D)*+,W 0)9%B98 B9?9*>)*+8 @ 981+,'0B:'8 @ '>B'8 8:*>'(+8 &9 )*0911)2* D9*9B+,7 98>)(=,+B 0=*1)2* )*8=0)1)9*1)+ c'* =*+ 9*09B(9&+& 1'*>+D)'8+ <=9 1+=8+ =*+ )*0,+(+1)2* &','B'8+ &9 ,+8 D,A*&=,+8 8+,)R+,98- ,+8 1=+,98 ?B'&=19* ,+ 8+,)R+- =* ,:<=)&' <=9 L=(9&919 ,'8 +,)(9*>'8 @ ,9 +@=&+ + =*' + (+8>)1+B @ >B+D+B7 /*1,=@9 )*0,+(+1)'* D,+*&=,+8 8+,)R+,98 @ 1'P+1u)9 N
H# 5/67
!F 5/67 #" 5/67 JF 5/67 JF 5/67 #" 5/67
X+ )*0911)2* ?'B 9, R)B=8 &9, ?+?),'(+ L=(+*' TY]aV 1'*8>)>=@9 +1>=+,(9*>9 ,+ 9*09B(9&+& &9 >B+*8()8)2* 89P=+, TKQc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ka9B?98 Y)B=8 Q)?' # Z a9B?98 G'8>9B Z Y+B)19,+ Z R+B)19,+ Z 1=,9%B),,+k %+C' ,'8 R)B=8W @ kN'BB9,)+- >'&'8 ,'8 >)?'8 Z K*09B(9&+&98 %'BB9,)'8)8 Z X@(9k %+C' %+1>9B)+87 ]+BA,)8)84E 5/67 98?A8>)1+ ]+BA,)8)8- 0+1)+, !3 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* HFH HH" HJH
HJF JE# HH3 HJ# HH#
HH4 HJ4 HH! HHE HHH HHF
]+BA,)8)8- *' 98?A8>)1+ ]+B+(91)=( 1+=&+>=(
c'* 'BD+*)8('8 =*)19,=,+B98 9=1+B)'>+8- 1=@+8 1I,=,+8 B9+,)G+* >'&+8 ,+8 0=*1)'*98 R)>+,987 c= *=>B)1)2* 98 (+@'B)>+B)+(9*>9 L9>9B2>B'0+7 6+9D,9B)+ 0't,9B)- d*+ +(9%+ 9*1=9*>B+ 9* 9, 8=9,'- 9, +D=+ @ 9, +)B9 <=9 9*>B+ + >B+RI8 &9 ,+8 0'8+8 ]+B+8)>'- 19B9%B' *+8+,98 @ 89 (9>9 9* 9, 19B9%B'- 1+=8+*&' 9*190+,)>)8- ?=9&9 9*1'*>B+B89 9* 8',=1)2* 8+,)*+ &9 ,9*>98 &9 1'*>+1>' 1'*>+()*+&+7 K*>+('9%+ L)8>',@>)1+ 98 =* ?B'>'G'' ?9,)DB'8' <=9 1+=8+ &)89*>9B:+ +(9%)+*+- =*+ )*0911)2* &9, ]+B+8)>'L:D+&' @ 9, >B+1>' &)D98>)R'7 X'8 8:*>'(+8 )*1,=@9* &)+BB9+ DB+R9- L9B)&+ +%)9B>+ =,19B+&+- 0)9%B9 @ 9*>+('9%+ 8+*DB9 9* ,+8 L9198 ]+B+8)>'X'(%B)198- 9* )*D,98 ])*t'B( Z c9+>t'B( Z K*>9B'%)=8 R9B()1=,+B)8 )*>98>)*+,- 'P)=B'8 ]+BA8)>'8 9* c1L)8>'8'(+ L+9(+>'%)=(- 98 ,+ 1+=8+ &9 ,+ )*0,+(+1)2* &9, >B+1>' =B)*+B)' ' D9*)>+,- @ ?=9&9 1+=8+B 8+*DB9 1A*19B &9 R9C)D+ @ 1IBR)P ]+BA8)>'8 9* 8)8>9(+ ,)*0A>)1' ]+BA8)>'8- ‹81+B)8 X=(%B)1')&98 &:+ Q+(%)I* R9B ;A*&)&+ $,%)1+*8- @+ <=9 1'* 0B91=9*1)+ ;A*&)&+ @ ‹81+B)8 1'9P)8>9*7 ! ]+BA8)>'8- ‹81+B)8 X=(%B)1')&98 &:+ Q+(%)I* R9B ;A*&)&+ $,%)1+*8- @+ <=9 1'* 0B91=9*1)+ ;A*&)&+ @ ‹81+B)8 1'9P)8>9*7 E ]+BA8)>'8K*>9B'%)=8 R9B()1=,+B)87 /*091>+ 9, >B+1>' )*>98>)*+,7 /*1,=@9 U)9*>+('9%+ 0B+D),)87 9*>9B'%)+8)8 ]+BA8)>'8- D9*9B+, >B+>+()9*>' &9 E[!E L87 &:+ ! ]+BA8)>'8- D9*9B+, >B+>+()9*>' 1'B>' ![!E L8 &:+ E ]+BA8)>'8- L:D+&' ]+BA8)>'8/*1,=@9 ^+81)','?8)8 %=8u) )*>98>)*+,98
43 5/67 M 5/67 E! 5/67
#" 5/67 ## 5/67 #" 5/67 E4 5/67 4F 5/67
FJ 5/67 ## 5/67 !#E 5/67 JE 5/67 ## 5/67 4E 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* HHJ HJJ HJ3 HJM
H3!
H3E
H3# H3" H34 H3F
]+BA8)>'8?A*1B9+8 ]+B+>)B')&98
\,A*&=,+ <=9 9<=),)%B+ 1+,1)' @ 0'80'B'7 N+,+*19 &9 0=*1)'*987 X+ 9*09B(9&+& &9 ]+Bu)*8'* 1'*8)8>9 9* =* &98'B&9* 1B2*)1' @ &9D9*9B+>)R' &9 =*+ &9 ,+8 ?+B>98 &9, 19B9%B' <=9 1'*>B',+ 9, 8)8>9(+ ('>'B @ 89 (+*)0)98>+ 1'* =*+ ?IB&)&+ ?B'DB98)R+ &9 ,+ 1+?+1)&+& &9 ]+Bu)*8'* 1''B&)*+B ,'8 ('R)()9*>'87 c9 ?B'&=19 1=+*&' ,+8 1I,=,+8 *9BR)'8+8 &9 ,+ 8=8>+*1)+ *9DB+ &9, (989*1I0+,'- AB9+ 19B9%B+, <=9 1'*>B',+ 9, ('R)()9*>'- (=9B9* ' 8=0B9* +,DO* &9>9B)'B'7 ]+Bu)*8'* $,)R)' >9(?'B+, &9, >9(%,'B ]+8>9=B9,,+ (=,>'1)&+ B+B+(9*>9 89 L+ &981B)>' 1'(' ?B'&=1>'B &9 9*09B(9&+& ?=,('*+B 9* L=(+*'87 K8 ,+ ?98>9 %=%2*)1+ ' ?98>9 *9DB+7 c= )*0911)2* 8=9,9 ?B'&=1)B89 >B+8 ,+ ('B&9&=B+ ' ]+8>9=B9,,+ T0)9%B9 +B+S+G' &9 +*)(+,98 ?'B>+&'B987 c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c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
E4 5/67 #H 5/67 HM 5/67 EJ 5/67
43 5/67
3! 5/67
M 5/67 #M 5/67 !F 5/67 !3 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
H3H
]9B>=88)8 &:+ !
H3J HM# HM4
]9B>=88)8 &:+ E ]9G2* ])9
HMF
])9 &9 +>,9>+
HMH
])*9+,
HMJ
])'&9B(+
HM3
])>=)>+B)+ ],+1+8 &9 ,)<=)&' ,)*0A>)1'
F##
HMM
],+8('1)>'(+
J""
],9=B98:+
X+ N'B&9>9,,+ ?9B>=88)8 T>+(%)I* ,,+(+&+ N'B&9>9,,+ ?+B+?9B>=88)8V %+1>9B)+ 1+=8+ ,+ >'8 09B)*+- =*+ 9*09B(9&+& DB+R9 <=9 ?=9&9 &98+1>)R+B ?9B(+*9*>9(9*>9 ,'8 %9%I8 ' )*1,=8' 1+=8+B ,+ (=9B>97 X'8 8:*>'(+8 )*1,=@9* 891B91)2* *+8+,- &)+BB9+- 0)9%B9 @ =*+ >'8 ?9B8)8>9*>9 <=9 T8'%B9 >'&' 9* ,+8 ?9B8'*+8 (+@'B98 &9 89)8 (9898 &9 9&+&- +*>98 &9 ,+ 9&+& +&=,>+V >9B()*+ 1'* =* k98>9B>'Bk 1=+*&' ,+ ?9B8'*+ B98?)B+7 X'8 +>+<=98 &9 >'8 ?=9&9* ?B'R'1+B R2()>'8 @ +80)P)+7 d,19B+ +(?',,+8 K8 =*+ )*0911)2* 9* ,'8 ?)98 ?B'R'1+&+ ?'B L'*D'8 @ 8= &9*'()*+1)2* (I&)1+ 98 >)S+ ?'&+,7 K8>+ +0911)2* ?=9&9 &=B+B ?'B ?'1' ' (=1L' >)9(?' @ ?=9&9 B9+?+B919B &98?=I8 &9, >B+>+()9*>'7 K8>)(=,+1)2* @ %+,+*19 K, ?)'&9B(+ D+*DB9*'8' 98 =*+ 9*09B(9&+& ?'1' 0B91=9*>9 &9 ,+ ?)9, <=9 0=9 &981B)>+ ?'B ?B)(9B+ R9G 9* 9, +S' !M#" ?'B NB=*8>)*D- \'91u9B(+* @ ` X9+B@- ,+ 0B91=9*1)+ 98>)(+&+ 98 &9 =* 1+8' ?'B 1+&+ !""7""" L+%)>+*>98 @ +S'7 c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c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
4E 5/67
#H 5/67 !E 5/67 #" 5/67 4F 5/67 !E 5/67
E! 5/67
E4 5/67 3 5/67
!F 5/67
F! 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
H"H
]*9=('1'1=8
J"!
]',)+B>B)>)8
J"E
]',)'()9,)>)8
J"4 J"H J"F J"#
]2,)?' 1IBR)P ]2,)?' ,+B)*D9 ]2,)?' *+8+, ]2,)?'8 D9*9B+,
J"J
]'B0)B)+
J"M J!" J!!
]B28>+>+ ]B28>+>+ ]B28>+>+
J!E
]B'>9=8
J!#
]B'>'G''8- D9*9B+,
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y‘’}- ?',)28[ DB)8W @ &9 “|”y’}- (@9,28[ B90)B)I*&'89 + ,+ (I&=,+ 98?)*+,V-! 98 =*+ 9*09B(9&+& )*0911)'8+- >+(%)I* ,,+(+&+ ?',)' T&9 (+*9B+ +%B9R)+&+V- <=9 +091>+ ?B)*1)?+,(9*>9 +, 8)8>9(+ *9BR)'8'7 X+ 9*09B(9&+& ,+ ?B'&=19 9, R)B=8 ?',)'R)B=87 c9 ,,+(+ )*0+*>), ?'B<=9 ,+8 ?9B8'*+8 <=9 1'*>B+9* ,+ 9*09B(9&+& 8'* ?B)*1)?+,(9*>9 *)S'87 c9 >B+*8()>9 &9 ?9B8'*+ + ?9B8'*+ + >B+RI8 &9 891B91)'*98 B98?)B+>'B)+8 ' ?'B ,+ B=>+ 091+, 'B+,7E X+ (+@'B:+ &9 ,+8 )*0911)'*98 &9 ?',)' 8'* +8)*>'(A>)1+87 c',' 9* 9, ! j &9 1+8'8- 9, R)B=8 9*>B+ +, 8)8>9(+ *9BR)'8' 19*>B+, Tc6;V R:+ ,+ 1'BB)9*>9 8+*D=:*9+7 U9*>B' &9, c6;- 9, ?',)'R)B=8 ?B909B9*1)+,(9*>9 )*091>+ @ &98>B=@9 ,+8 *9=B'*+8 ('>'B+87 K8+ &98>B=11)2* &9 *9=B'*+8 1+=8+ &9%),)&+& (=81=,+B @ ?+BA,)8)8 +D=&+ 0,A1)&+7
E! 5/67 E! 5/67
FJ 5/67
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a)?9B?,+8)+ ?B'8>A>)1+ >=('B %9*)D*'[ ?B'8>+>)>)8 QB+>+()9*>' D9*9B+, &9 *'B(+,)G+1)2* &9 0=*1)'*98 c9 9*1=9*>B+ 9* 9, 8=9,'- 9, +D=+- 9, +,1+*>+B),,+&' @ 9, )*>98>)*' DB=98'- 98>+ %+1>9B)+ )*091>+ 9, >B+1>' =B)*+B)'- @ +,D=*+8 R9198 1+=8+ D+8>B')*>98>)*+, @ ':&'8- 89*'8 *+8+,98 @ &9 ,+ ?)9,- 1+=8+*&' 0)9%B9 +,>+- 981+,'0B:'8- @ +%8198'87 K, ()1B'%)' ?=9&9 8'%B9R)R)B >+*>' +9B2%)1+8 @ +*+9B2%)1+87 Q+(%)I* >)9*9 ,+ 1+?+1)&+& &9 &9DB+&+B ,+ =B9+ 9* +('*:+1'7
M 5/67
3! 5/67 M# 5/67 JE 5/67 #M 5/67
!F 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
J!F J!H J!J J!3
]89=&'('*+8 +9B=D)*'8+N+1>9B)+ ]89=&'('*+8 (+,,9)- N+1>9B)+ ]89=&'('*+8 ?@'1@+*9+N+1>9B)+ ]8)>+1'8)8 T`B*)>L'8)8V
J!M
]8'B)+8)8
J!4 JE"
]OB)>' +*+, v=9(+&=B+8
FFF
v=)8>9 0)%B')&9 (+(+8
JEE
v=)8>9 89%A19'
H44
v=)8>9- 'R+B)'=>9B'
N+1>9B)+ <=9 1+=8+ )*0911)'*98 9* R+B)'8 ,=D+B98- )*1,=@9*&' 9, >B+1>' =B)*+B)'- ':&'8- ,'8 ?=,('*98 @ 9* ,+ ?)9, &9 ?9B8'*+8 1'* <=9(+&=B+8 @ L9B)&+87
#H 5/67
N+1>9B)+ <=9 1+=8+8 )*0911)'*98 9* R+B)'8 ,=D+B98- )*1,=@9*&' 9, >B+1>' =B)*+B)'- ':&'8- ,'8 ?=,('*98 @ 9* ,+ ?)9, &9 ?9B8'*+8 1'* <=9(+&=B+8 @ L9B)&+87
#M 5/67
N+1>9B)+ <=9 89 9*1=9*>B+ 1'(O*(9*>9 9* ,+8 L9B)&+8- <=9(+&=B+8 9 )*0911)'*98 &9, >B+1>' =B)*+B)'7 Y9B )*0911)'* =B)*+B)+7
4 5/67
69=('*:+ )*0911)'8+ >B+*8()>)&+ ?'B 1)9B>+8 +R98
!3 5/67
)*0,+(+1)2* 1B2*)1+ <=9 89 1+B+1>9B)G+ ?'B (+*1L+8 B'C+8 981+('8+8 1=%)9B>+8 &9 981+(+8 %,+*1+87 K8>+ 1'*&)1)2* B9<=)9B9 >B+>+()9*>' + ,+BD' ?,+G'7 ]=98>' <=9 ,+ ?)9, 98 9, (+@'B 2BD+*' 9,)()*+&'B !EM 5/67 &9, 1=9B?'- 98>+ 1'*&)1)2* ?=9&9 )*&)1+B +,>9B+1)'*98 8)8>I()1+8 ?B'0=*&+(9*>9 +BB+)D+&+87 Q+(%)I* >B+>+B 9, 8)8>9(+ >B+1>'_)*>98>)*+, @ +?,)1+B >B+>+()9*>' ?+B+ ;+*&)&+8 @ L'*D'8 D9*9B+, ])1+G2* 9* 9, +*'7 Y9B ?+BA8)>'8 D9*9B+, @ ;A*&)&+ MH 5/67 /*1,=@9 ,+8 ?B'&=1)&+8 ?'B B+&)+1)'*98 EJ 5/67 c'* &),+>+1)'*98 &9 ,'8 1'*&=1>'8 (+(+B)'8 <=9 +&'?>+* =*+ 0'B(+ B9&'*&9+&+ = 'R')&9 @ <=9 98>A* B9,,9*'8 &9 =* 1'*>9*)&' <=9 8=9,9 89B (=@ 0,=)&' @ &9 =* 1','B R+B)+&'7 ]'B ,' D9*9B+,- 98>A* ?B989*>98 9* =* >B+8>'B*' <=9 89 ,,+(+ o1'*&)1)2* 0)%B'<=:8>)1+ &9 ,+ (+(+q- (=@ 0B91=9*>9 9* ,+8 (=C9B98 &9 9&+& (9&)+ &9 ,+ R)&+ @ 9* ,+8 <=9- +&9(A8- 89 ?B'&=19 =* +=(9*>' &9, >9C)&' <=9 8'8>)9*9 #" 5/67 + 98>'8 1'*&=1>'8- ,,+(+&' 9, 98>B'(+- 9, 1=+, 89 R=9,R9 &9*8' @ o0)%B'8'q 1'(' =*+ B98?=98>+ &98?B'?'B1)'*+&+ +, 98>:(=,' L'B('*+, *'B(+, +, 1=+, 89 R9 8'(9>)&' 1:1,)1+(9*>9 9, >9C)&' (+(+B)' &=B+*>9 8= 1)1,' (9*8>B=+,7 c+1' 19BB+&' %+C' ,+ ?)9,- <=9 1'*>)9*9 891B91)'*98 &9 ,+ ?)9,- ?'B ,' D9*9B+, 1+=8+&+ ?'B ,+ )*0,+(+1)2* &9 ,'8 0',:1=,'8 ?),'8'87 ]'B ,' D9*9B+,- +?+B919* 9* ,+ 1+B+- 9, 1=9,,' @ 9, >B'*1'W HM 5/67 D9*9B+,(9*>9 &9 1B91)()9*>' ,9*>'- )*&','B' @ ('R9B 0A1),(9*>9 &9%+C' &9 ,+ ?)9,7 U9 R9G 9* 1=+*&' ?=9&9 )*0,+(+B897 /*1,@9 ?+B+8)>'8 B9,+1)'*+&'8- 8>B9?>'>LB'P ?,=8 *'1+B&)+ +*& +1>)*'(@198 /8B+9,)7 d* <=)8>9 98 =* 8+1' ,,9*' &9 ,:<=)&' <=9 89 0'B(+ 8'%B9 ' &9*>B' &9 =* 'R+B)'7 K8>9 +B>:1=,' 98 +19B1+ &9 ,'8 <=)8>98 <=9 89 0'B(+* &=B+*>9 8= 1)1,' (9*8>B=+, (9*8=+,- ,,+(+&'8 !3 5/67 <=)8>98 0=*1)'*+,987 X'8 <=)8>98 0=*1)'*+,98 *' 8'* ,' ()8(' <=9 ,'8 <=)8>98 1+=8+&'8 ?'B 1A*19B = '>B+8 9*09B(9&+&987
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
JE4
v=)8>98 D9*9B+,
J#! JEF JEH
b+%)+ b+<=)>)8(' b+<=)>)8(' b9D9*9B+1)2* @ 1=B+1)2*
JEM
K8 =*+ 1+R)&+& ' %',8+ &9 >9C)&' 19BB+&+ <=9 ?=9&9 98>+B ,,9*+ &9 +)B9- ,:<=)&'- ?=8 = '>B' (+>9B)+,7 ;'*8)&9B+1)'*98 X'8 <=)8>98 89 ?=9&9* 0'B(+B &9*>B' &9 1=+,<=)9B >9C)&' &9, 1=9B?'7 X+ (+@'B:+ &9 ,'8 <=)8>98 <=9 89 9*1=9*>B+* 9* ,'8 ?=,('*98 98>A* ,,9*'8 &9 +)B9- ()9*>B+8 <=9 ,'8 <=9 89 0'B(+* 9* 9, 8)8>9(+ ,)*0A>)1' ' ,'8 B)S'*98 98>A* ,,9*'8 &9 ,:<=)&'7 ;)9B>'8 ?+BA8)>'8- 1'(' ,+8 >B)<=)*+8- ,+ >9*)+ &9 ?9BB' TQ'P'1+B+ 1+*)8V @ ,'8 9<=)*'1'1'8 ?=9&9* 0'B(+B <=)8>98 9* ,'8 (O81=,'8- 9, L:D+&'- 9, 19B9%B'- ,'8 ?=,('*98 @ ,'8 'C'87 X'8 <=)8>98 8'* 1'(=*98 9* ,+ ?)9,7 c9 ?=9&9* &98+BB',,+B ?'B '%8>B=11)2* &9 ,+8 D,A*&=,+8 89%A19+8 T<=)8>98 B9,+1)'*+&'8 1'* 9, +1*IV ' 0'B(+B89 +,B9&9&'B &9 +,D' 1,+R+&' 9* ,+ ?)9,7 K8>'8 <=)8>98 8'* %9*)D*'8 T*' 8'* 1A*19BV- ?9B' ?=9&9* 1+=8+B &','B @ 1+(%)'8 9* ,+ +?+B)9*1)+7 X'8 <=)8>98 89 ?=9&9* &B9*+B ' 9P>)B?+B 1'* 1)B=D:+- 89DO* 9, >)?' @ ,+ ,'1+,)G+1)2* &9, >=('B7 X@88+R)B=8 b9,+1)'*+&+ 1'* 0)9%B9 v- 1'*R9*)9*>9 +DB9D+B N'BB9,)+7 b9,+1)'*+&+ 1'* 0)9%B9 B'1u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d* B980B)+&' 89 ?=9&9 ?B'?+D+B BA?)&+(9*>9 + >B+RI8 &9 981=9,+8 ' D=+B&9B:+87 X'8 B980B)+&'8 ?=9&9* '1=BB)B 9* 1=+,<=)9B ('(9*>' &9, +S'- ?9B' 8'* (A8 1'(=*98 9* )*R)9B*' ' 9* >9(?'B+&+8 &9 ,,=R)+87 d* R)B=8 &9, B980B)+&' 89 ?B'?+D+ + >B+RI8 &9 &)()*=>+8 D'>)>+8 +IB9+8 <=9 89 ,)%9B+* 1=+*&' =*+ ?9B8'*+ 9*09B(+ 98>'B*=&+- >'89 ' 89 8=9*+ ,+ *+B)G7
J4#
b980B)+&'
J##
b98?)B+>'B)' b98?)B+>'B)' 8@*1@>)+, R)B=8
>B+1>' &98)*>'P)1+B @ 0'B>+,919B- D9*9B+,7
b9>9*8)2* ,)<=)&'8
+B>)1=,+1)'*98 @ >9C)&'8
J#" J44
E! 5/67
#" 5/67 #H 5/67 #H 5/67 #H 5/67
!EH 5/67
JF 5/67 E4 5/67 FJ 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* J#M
b9=(+B9=(+>)8(' b)1u9>>8)+
J4F
b)*)>)8
J#3 J#E J#J J#H J#4 J#F J4J
b)S'* *90B'8)8 b)S'* ?)9&B+8 b)S'* >=('B b)S'*98 b)S'*98 &:+ ! b)S'*98 &:+ E b'*1+B
J4!
b'8+19+
J4E
b=%9',+
J43
c+%+S'*98
EJ 5/67 R9B %'BB9,)+ X+ B)*)>)8 98 =* >B+8>'B*' <=9 +091>+ + ,+ (=1'8+ *+8+, @ <=9 ?B'&=19 98>'B*=&'8- ?)1'B- '%8>B=11)2*891B91)'*98 *+8+,98 @ 9* '1+8)'*98 0+,>+ &9 ',0+>'7 X+ B)*)>)8 ' B)*'1'*C=*>)R)>)8 *' 98 )D=+, + +8(+?9B' ?=9&9 89B =* )*&)1+&'B &9 <=9 ,+ ?9B8'*+ <=9 ,+ ?+&919 >)9*9 =*+ 98?91)+, ?B9&)8?'8)1)2* + &98+BB',,+B (A8 +&9,+*>9 ,'8 8:*>'(+8 T>'8 891+- 89*8+1)2* &9 0+,>+ &9 +)B9- 8)%),+*1)+8- 9>17V 1+B+1>9B:8>)1'8 &9 =*+ L)?9BB9+1>)R)&+& %B'*<=)+,7
%+,+*19 &9 0=*1)'*98 )*0911)2* )*0911)2* X+ B'8A19+ 98 =*+ 9*09B(9&+& 1B2*)1+ <=9 +091>+ ,+ ?)9, @ + R9198 ,'8 'C'87 X'8 8:*>'(+8 )*1,=@9* 9*B'C91)()9*>'- DB+*'8 ' 98?)*),,+8 @ 9* 9>+?+8 (A8 +R+*G+&+8- 9, 9*DB'8+()9*>' &9 ,+ ?)9,7 K* ,+ (+@'B:+ &9 ,'8 1+8'8 ,+ B'8A19+ 82,' +091>+ ,+ 1+B+7 X+ B=%I',+- >+(%)I* 1'*'1)&+ 1'(' 8+B+(?)2* +,9(A*- 98 =*+ )*0911)2* 9* ,+ 1=+, 89 ?B989*>+ =*+ 9B=?1)2* 9* ,+ ?)9,7 X+ B=%I',+ 1'*DI*)>+ 89 ?B989*>+ 1=+*&' =*+ (=C9B 9* 9(%+B+G' 1'* B=%I',+ 89 ,+ >B+*8()>9 + 8= %9%I <=9 +O* 98>A 9* 9, O>9B'7 X+ )*0,+(+1)2* @ ,+ L)*1L+G2* &9 ,'8 ?)98- ,'8 &9&'8 &9 ,'8 ?)98 ' ,'8 &9&'8 &9%)&' + ,+ ,98)2* &9, R+8' 8+*D=:*9' &=B+*>9 ,+ 9P?'8)1)2* ?B','*D+&+ +, 0B:'7 X'8 8:*>'(+8 >+(%)I* ?=9&9* )*1,=)B ,98)'*98 &9 ,+ ?)9,7
F! 5/67
## 5/67 #M 5/67 #M 5/67 !"3 5/67 J3 5/67 HH 5/67 !F 5/67 #M 5/67
3F 5/67
E4 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
J4M
JF" JF! JFE JJM
JFF
JF#
JF4
c+,('*9,,+ 98 9, *'(%B9 &9 =* DB=?' &9 %+1>9B)+87 K* ,'8 K8>+&'8 d*)&'8- 98 ,+ 1+=8+ (A8 1'(O* &9 ,+8 9*09B(9&+&98 >B+*8()>)&+8 ?'B +,)(9*>'87 X+ 8+,('*9,,+ 89 9*1=9*>B+ 9* ,+8 +R98 1B=&+8- ,'8 L=9R'8- ,+ 1+B*9 R+1=*+ @- +,D=*+8 R9198- 9* ,+8 0B=>+8 @ R9D9>+,98 8)* ,+R+B7 X'8 8:*>'(+8 )*1,=@9* 0)9%B9- &)+BB9+- 12,)1'8 +%&'()*+,98 @ &','B &9 1+%9G+7 X'8 8:*>'(+8 8=9,9* &=B+B 9*>B9 4 @ J &:+87 X+ (+@'B:+ &9 ,+8 ?9B8'*+8 (9C'B+ 8)* >B+>+()9*>'7 ]=9&9 89B (A8 DB+R9 9*>B9 c+,('*9,+,'8 +*1)+*'8- *)S'8 ?9<=9S'8 @ ?9B8'*+8 1'* 9*09B(9&+&98 1B2*)1+87 c) ,+ 8+,('*9,,+ ?9*9>B+ 9* 9, 8+,('*9,,+- &:+ ! >'BB9*>9 8+*D=:*9'- ?=9&9 &98+BB',,+B89 =* 1=+&B' 89B)' @ L+8>+ B)98D'8' ?+B+ ,+ R)&+7 K, >B+>+()9*>' L+%)>=+, 98 + %+89 &9 +*>)%)2>)1'87 Q+(%)I* 89 ?=9&9 +&<=)B)B =*+ )*0911)2* ?'B 8+,('*9,,+ &98?=I8 &9 (+*)?=,+B (+81'>+898?91)+,(9*>9 B9?>),98 1'(' ,+8 89B?)9*>98- >'B>=D+8 @ ,+D+B>'87 X+ 0)9%B9 >)0')&9+- =*+ 9*09B(9&+& (A8 89B)+ 1+=8+&+ ?'B 8+,('*9,,+- '1=BB9 0B91=9*>9(9*>9 9* ?+:898 9* R:+8 &9 &98+BB',,'7 c+,('*9,+8+,('*9,,+- &:+ E c+,('*9,,+ ?+B+>@?L) $ @ N c+,('*9,,+ >@?L) c+*DB9 \9*9B+,[ ,)(?)9G+ @ 98>)(=,+1)2*- +B>9B)+8- R9*+87 K, 8+B+(?)2* 98 =*+ 9*09B(9&+& )*0911)'8+ 9P+*>9(A>)1+ 1'(' ,+ B=%I',+ @ ,+ R+B)19,+- %+8>+*>9 0B91=9*>9- 98?91)+,(9*>9 9* *)S'8- 1+=8+&+ ?'B =* R)B=8- 98?91:0)1+(9*>9 =* ?+B+()P'R)B=8 &9, DI*9B' 5'B%),,)R)B=87 c9 1+B+1>9B)G+ ?'B >:?)1+8 (+*1L+8 9* ,+ ?)9, &9 1','B B'C' T9119(+8V T9P+*>9(+V +8: 1'(' 0)9%B9 @ =* 98>+&' D9*9B+, &9%),)>+&'7 Q+(%)I* ?=9&9- 9* +,D=*'8 1+8'8 &9 1'(?,)1+1)'*98c+B+(?)2* 1+=8+B )*0,+(+1)2* 9* ,'8 ?=,('*98 @ 9, 19B9%B' <=9 +(9*+G+* ,+ R)&+ &9, ?+1)9*>97 K, ?9B:'&' &9 )*1=%+1)2* &9, 8+B+(?)2* =8=+,(9*>9 &=B+ &9 4_!E &:+8- &=B+*>9 ,'8 1=+,98 *' L+@ 8:*>'(+87 X+8 ?9B8'*+8 )*091>+&+8 ?9B(+*919* 1'*>+D)'8+8 &98&9 ,+ +?+B)1)2* &9 ,'8 ?B)(9B'8 8:*>'(+8 L+8>+ ,'8 #_F &:+8 &98?=I8 &9 ,+ +?+B)1)2* &9, 8+B?=,,)&'7 \9*9B+,7 K, 8+B1'(+ ?=9&9 1'(9*G+B 9* 1=+,<=)9B ?+B>9 &9, 1=9B?'- 1'(' ,'8 L=98'8 ' 9, >9C)&' %,+*&'7 $,B9&9&'B &9, H" j &9 ,'8 8+B1'(+8 &9 >9C)&' %,+*&' 9(?)9G+* 9* 9, %B+G' ' ,+ ?)9B*+7 K, #" j 89 )*)1)+ 9* 9, >B'*1' T>'B8'V ' +%&'(9*- @ 9, !" j 89 ?B'&=19 9* ,+ 1+%9G+ ' 1=9,,'7 Q+*>' ,'8 *)S'8 c+B1'(+ 1'(' ,'8 +&=,>'8 ?=9&9* &98+BB',,+B 8+B1'(+- ?9B' 98 )*0B91=9*>9 9* +&=,>'8 @ B9?B989*>+ +,B9&9&'B &9, ! j &9 >'&'8 ,'8 >)?'8 &9 1A*19B 9* +&=,>'87 6' '%8>+*>9- 9* D9*9B+, 9, 8+B1'(+ B9?B989*>+ +,B9&9&'B &9, !F j &9 >'&'8 ,'8 >)?'8 &9 1A*19B 9* *)S'87 c+B1'(+ p+?'8) b9+,)G+B >+(%)9* a/Y
43 5/67
E! 5/67 #" 5/67 4E 5/67 #M 5/67
JE 5/67
3! 5/67
M 5/6
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* X+ 8:0),)8 98 =*+ 9*09B(9&+& &9 >B+*8()8)2* 89P=+, 1+=8+&+ ?'B =*+ %+1>9B)+7 /*091>+ 9, AB9+ D9*)>+,,'8 ,+%)'8- ,+ %'1+ ' 9, +*' @ +091>+ >+*>' + ,'8 L'(%B98 1'(' + ,+8 (=C9B987 ]'B ,' D9*9B+, 89 +&<=)9B9 JFJ c:0),)8 ?'B 1'*>+1>' 89P=+, 1'* =*+ ?9B8'*+ <=9 ,+ >)9*97 Q+(%)I* ?=9&9 ?+8+B &9 ,+ (+&B9 +, %9%I &=B+*>9 9, 9(%+B+G'7 X+ )*0911)2* 9* ,'8 89*'8 ?+B+*+8+,987 X'8 8:*>'(+8 )*1,=@9* ?+8+C98 *+8+,98 1'*D98>)'*+&+8 ' >'>+,(9*>9 '%8>B=)&+8- &','B 9* 1+R)&+&98 &9 ,'8 89*'8 9* ,+ 1+B+- &','B &9 1+%9G+- 891B91)2* &9 (=1'8+ 98?98+ &9 1','B R9B&9 ' +(+B),,'- 89*8+1)2* &9 k?,9*)>=&k 0+1)+, <=9 9(?9'B+ +, +D+1L+B89- @ 9* '1+8)'*98 0)9%B97 JFM c)*=8)>)8 X+ 8)*=8)>)8 +D=&+ 98 (A8 0B91=9*>9(9*>9 1+=8+&+ ?'B %+1>9B)+8 1'(' 98>B9?>'1'1'8 @ 98>+0),'1'1'8- @ &9 R9G 9* 1=+*&' 9, R)B=8 &9 ,+ DB)?97 c)* 9(%+BD'- =* 98>=&)' &9 ,+ ;,:*)1+ 5+@' &9 &'8 +S'8 B9R9,2 <=9 (A8 &9, M"j &9 E!" ?9B8'*+8 1'* 8)*=8)>)8 1B2*)1+ >9*:+ 0O*D)1+ T9* ,=D+B &9 %+1>9B)+*+8 ' R)B+,98V )*0911)'*987 Y9+ >+(%)I* k6)DB'8?'B+k 9* 98>+ 8911)2*W k\B)?9k @ k+&9*'R)B=8k JH" c)8>9(+ *9BR)'8' QB+>+()9*>' D9*9B+, 0=*1)'*+()9*>' JH! c)8>9(+ *9BR)'8' U','B @ %+,+*19 D9*9B+, JHE c'B&9B+ ]=9&9 ?B'&=1)B =*+ +(?,)+ D+(+ &9 9*09B(9&+&98- <=9 R+* &98&9 )*0911)'*98 1=>A*9+8 @ &9 ,+8 (=1'8+8 B9,+>)R+(9*>9 %9*)D*+8- >+,98 1'(' 0',)1=,)>)8- 0'B=*1=,'8)8 ' 1'*C=*>)R)>)8- L+8>+ c>+?L@,'1'11=8Zc> 9*09B(9&+&98 &9 B)98D' R)>+,- 1'(' 19,=,)>)8- +%8198'8 ?B'0=*&'8- '8>9'()9,)>)8- (9*)*D)>)8- 89?8)8#J4 +?L 9*&'1+B&)>)8 ' *9=('*:+7 $&9(A8- >+(%)I* ?=9&9 +091>+B +, +?+B+>' D+8>B')*>98>)*+,- @+ 89+ ?'B ?B989*1)+ 0:8)1+ &9 c>+?L@,'1'11=8 +=B9=8 ' ?'B ,+ )*D98>+ &9 ,+ 9*>9B'>'P)*+ 98>+0),'121)1+ 891B9>+&+ ?'B ,+ %+1>9B)+7 JHF c>B9?>'>LB)P Q)?' &9 %+1>9B)+ JHH c>B9?>'>LB)P 6'1+B&)+ JH# c=?B+BB9*+,98 >B+>+()9*>' 0=*1)'*98 D9*9B+,987 JH4 c=?B+BB9*+,98 K8>)(=,+1)2* 0=*1)'*+()9*>' JJ! Q+%+<=)8(' +&)11)2* +, >+%+1'- ?B=9%9 >+(%)I* &98)>'*P)1+1)2* D9*9B+, JJE Q+B>+(=&9' Q9C)&'8JJ4 B91=?9B+1)2*
#M 5/67
!4E 5/67
H# 5/67 4E 5/67 #M 5/67
H" 5/67
## 5/67 E4 5/67 !3 5/67 !"3 5/67 F4 5/67 E4 5/67 E4 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
JJ#
Q9*&)*'?+>)+
JJH
Q9*)+- 8',)>+B)+
JJJ JJ3 J3" J3! J3E JFH
Q9*8)2* 8+*D=)*9+ +,>+ Q9*8)2* 8+*D=)*9+ %+C+ Q98>:1=,'8 Q98>:1=,'8 Q98>:1=,'8 Q98>:1=,'8'B1L)>)87
J3F
Q9>+*'8
J3# J34
Q9>'8>9B'*+ Q9>'8>9B'*+
J3H
Q9>B+D9*=8
J3J
Q)0')&9+- 0)9%B9
J33
Q)('
J3M
Q)**)>=8
c9 >B+>+ &9 =*+ ,98)2* <=9 ?B)*1)?+,(9*>9 +091>+ + ,'8 >9*&'*98 &9 ,+ 9P>B9()&+& )*09B)'B98?91)+,(9*>9 9, >9*&2* B'>=,)+*' 9* ,+ B'&),,+ @ 9, >9*&2* &9 $<=),98 9* 9, >'%),,'- k@ 98>A ('>)R+&+ ?'B 9, 8'%B9=8'k d* D=8+*' &9 D+*1L' <=9 )*098>+ 9, )*>98>)*' &9 ,'8 ?9BB'8- 1'*9C'8 @ '>B'8 +*)(+,98- +8: 1'(' ,'8 89B98 L=(+*'87 X'8 89B98 L=(+*'8 <=9 R)R9* 1'* ?9BB'8 &9%9* >9*9B 1=)&+&' &9 *' >'1+B ,+8 L91987
F4 5/67 !E 5/67 4F 5/67 EJ 5/67
K?)&)&)()>)8 N+,+*19 L'B('*+, a)&B'19,9- 9P198' &9 0,=)&'7
E! 5/67 !E 5/67 !F 5/67
R9B `B1L)>)87
3! 5/67
K, %+1),' ;,'8>B)&)=( >9>+*) 1+=8+ 9, >I>+*'8- =*+ 9*09B(9&+& )*0911)'8+ @ &','B'8+ (A8 1'(O*(9*>9 1'*'1)&' 1'(' >B)8('7 X+ ?9B8'*+ 8=0B9 1'*>B+11)2* ?9B8)8>9*>9- 1'*>)*=+ &9 +,D=*'8 (O81=,'8 )*R',=*>+B)'87 X'8 98?+8('8 89 19*>B+* 9* ,+ (+*&:%=,+- ,+ D+BD+*>+ @ ,+ 1+B+7 K, >I>+*'8 89 1'*>B+9 + (9*=&' ?'B 89B ?)*1L+&' 1'* =* 1,+R' 'P)&+&'7 K, X9&=( B9(9&)' L'(9'?A>)1' 89 =>),)G+ 1'(O*(9*>9 ?+B+ >B+>+B 98>+ 1'*&)1)2*7 a'(%B9 5=C9B $ (9*=&' )(?,)1+&'8 9* ,+8 )*0911)'*98 &9 ,+8 R98:1=,+8 89()*+,98- ,'8 8+1'8 <=9 +,(+19*+* >9(?'B+,(9*>9 89(9* +*>98 &9 <=9 89 9()>9 + >B+RI8 &9, ?9*97 X+ 0)9%B9 >)0')&9+ 98 =*+ )*0911)2* <=9 1+=8+ &)+BB9+ @ =*+ 9B=?1)2* 1=>A*9+- <=9 89 &9%9 (A8 1'(O*(9*>9 + =* >)?' &9 %+1>9B)+ ,,+(+&+ c+,('*9,,+ >@?L) Tc7 >@?L)V7 98>)(=,+1)2* Q)**)>=8 98 9, >IB()*' (I&)1' ?+B+ 9, L91L' &9 k981=1L+Bk B=)&'8 9* ,'8 ':&'8 1=+*&' *' L+@ =*+ 0=9*>9 8'*'B+ 9P>9B*+7 X'8 8'*)&'8 <=9 =*' 981=1L+ ?=9&9* 89B 8=+R98 ' 0=9B>98 @ ?=9&9* 8'*+B 1'(' 1'(' 8),%)&'- 8'?,'B=D)&'- G=(%)&'- 8)%),+*1)+- 8=8=BB' ' 1L)BB)&'7 d*' )*1,=8' ?=9&9 ?9*8+B <=9 98>A 981=1L+*&' 9, 981+?9 &9, +)B9- +D=+ 1'BB)9*&'- 9, )*>9B)'B &9 =*+ 1'*1L+ (+B)*+ ' *'>+8 (=8)1+,987
F! 5/67
4 5/67 4 5/67 F! 5/67 4E 5/67 3 5/67
F4 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* JM"
Q)S+
JM! JME JM#
Q)B')&98 Q'*8),)>)8 Q'B>)1',)8
JM4
Q'B=,'?8)8
JMH
Q'8 09B)*+ &:+ !
JMJ JMF JM3
Q'8 09B)*+ &:+ E Q'8- +>+<=9 Q'P)*+8
JMM
Q'P'?,+8('8)8
3""
QB+=(+ 9('1)'*+, @ (9*>+,
K8 =*+ )*0911)2* 1=>A*9+ 1+=8+&+ ?'B =* L'*D'7 ;'* 0B91=9*1)+- 89 ?B989*>+* R+B)'8 ?+B1L98 &9 >)S+ + ,+ R9G 9* ,+ ?)9,7 6'B(+,)G+B 0=*1)2* )*0,+(+1)2* &9 ,+8 +(:D&+,+8 d* >)?' &9 )*0911)2* ?'B ,9R+&=B+ 1+=8+&+ ?'B Q'B=,'?8)8 D,+%B+>+7K, L'*D' 89 9*1=9*>B+ 1'* 0B91=9*1)+ 9* ,+ ?)9, 8+*+ *'B(+,- 8)8>9(+ B98?)B+>'B)'- 8)8>9(+ D9*)>'=B)*+B)' @ 8)8>9(+ D+8>B')*>98>)*+, @ D9*9B+,(9*>9 82,' 89 1'*R)9B>9 9* =* ?B'%,9(+ 9* ?9B8'*+8 )*(=*'1'(?B'(9>)&+8 ' &9%),)>+&+87 X+ >'8 09B)*+ ' >'8 1'*R=,8)R+ 98 =*+ )*0911)2* &9 ,+8 R:+8 B98?)B+>'B)+ +,>+8- 1+=8+&+ ?'B ,+8 %+1>9B)+8 N'B&9>9,,+ ?9B>=88)87 K8 =*+ 9*09B(9&+& DB+R9 <=9 ?=9&9 +091>+B + ?9B8'*+8 &9 1=+,<=)9B 9&+& @ 1+=8+B &)81+?+1)&+& ?9B(+*9*>9 9* ,'8 %9%I8 9 )*1,=8' ,+ (=9B>97 +,>9B*+B ! @ E- =*+ +?,)1+1)2* ?'B &)+7 ]B'DB+(+ D9*9B+, X+ >'P'?,+8('8)8 89 9*1=9*>B+ 9* ,'8 89B98 L=(+*'8 + *)R9, (=*&)+, @ 9* (=1L+8 98?91)98 &9 +*)(+,98 @ &9 +R987 K, ?+BA8)>' R)R9 9* ,'8 D+>'87 X+ )*0911)2* 9* L=(+*'8 ?=9&9 ?B'R9*)B &9[ QB+*80=8)'*98 &9 8+*DB9 ' >B+8?,+*>9 &9 2BD+*'8 82,)&'87 5+*9C' &9 ,'8 9P1B9(9*>'8 &9 D+>'7 /*D9B)B >)9BB+ 1'*>+()*+&+7 ;'(9B 1+B*9 1B=&+ ' (+, 1'1)&+ T&9 1'B&9B'- 19B&' ' B98V7 X+ >'P'?,+8('8)8 >+(%)I* +091>+ + ,+8 ?9B8'*+8 <=9 >)9*9* 8)8>9(+8 )*(=*)>+B)'8 &9%),)>+&'87 X+ )*0911)2* >+(%)I* 89 ?=9&9 ?+8+B &9 =*+ (+&B9 )*091>+&+ + 8= %9%I + >B+RI8 &9 ,+ ?,+19*>+7 K8>' '1+8)'*+ >'P'?,+8('8)8 1'*DI*)>+7
4F 5/67 #" 5/67 !"J 5/67 E! 5/67 F4 5/67
#" 5/67 E4 5/67 H" 5/67 HM 5/67
HM 5/67
F! 5/67
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d*)&'8- 9, (+@'B *O(9B' &9 1+8'8 89 '%89BR+ 9* (=C9B98 9*>B9 ,'8 !H @ #F +S'8 &9 9&+&7 X+ QB)1L'('*+8 R+D)*+,)8 89 &)89()*+ + >B+RI8 &9 QB)1L'(+8ZQB)1L' 3"F ,+ B9,+1)2* 89P=+, 1'* =* 1'(?+S9B' )*091>+&'7 K8>' )*1,=@9 B9,+1)2* 89P=+, &9, ?9*9 + ,+ R+D)*+ ' (+*)+8)8 1'*>+1>' &9 R=,R+ + R=,R+7 K, ?+BA8)>' *' ?=9&9 8'%B9R)R)B 9* ,+ %'1+ ' 9* 9, B91>'7 X+ 9*09B(9&+& ?=9&9 +091>+B >+*>' + L'(%B98 1'(' + (=C9B98- ?9B' ,'8 8:*>'(+8 &)0)9B9* 9*>B9 ,'8 &'8 DB=?'87 X+ )*0911)2* D9*9B+,(9*>9 *' 1+=8+ 8:*>'(+8 9* ,'8 L'(%B98 @ &98+?+B919 98?'*>A*9+(9*>9 9* =*+8 1=+*>+8 89(+*+87 X'8 L'*D'8 <=9 +>+1+* ,+ ?)9, 8'* + (9*=&' )*>9B1+(%)+%,98 @ *' 89 ,)()>+* + =*+ 8',+ AB9+7 K8 ,+ 1+=8+ (A8 0B91=9*>9 &9 9*09B(9&+&98 &9 ,+ ?)9, 1'(' 9, ?)9 &9 +>,9>+- ?B=B)>' &9, C'1u9@ @ >)S+7 K8>9 QB)1L'?L@>'* &:+ L'*D' 89 &981B)%)2 ?'B ?B)(9B+ R9G ?'B 5+,(8>9* 9* !34F7 K, 1B91)()9*>' &9 ,+8 1','*)+8 &9 3"E ! QB)1L'?L@>'* 98 &9 ,9*>' + ('&9B+&+(9*>9 BA?)&'7 X+ 1','B+1)2* &9 0B9*>9 ?=9&9 89B %,+*1'- %9)D9 +(+B),,9*>' 1,+B' ' R)',9>+ B'C)G'7 b9R9B8' ?A,)&'- +(+B),,9*>'- (+BB2* ' (+BB2* B'C)G'7 $8: ()8(' 98>9 L'*D' 98 ,+ 1+=8+ (A8 1'(O* &9 )*0911)'*98 9* ,+8 =S+87 K8>9 98 =* L'*D' =*)19,=,+B7 QB)1L'?L@>'* &:+ 3"# E X+ >B)<=)*'8)8 98 =*+ 9*09B(9&+& 1+=8+&+ ?'B 9, 1'*8=(' &9 1+B*9 (+, 1'1)&+ @ <=9 1'*>)9*9 <=)8>98 3"4 QB)<=)*'8)8 T,+BR+8 ' D=8+*'8 )*(+&=B'8V &9 QB)1L)*9,,+ 8?)B+,)8- =* ?+BA8)>' <=9 ?=9&9 9*1'*>B+B89 9* ,+ 1+B*9 &9 +*)(+,98 1'(' 9, 19B&'- 9, '8'- ,+ ('B8+- 9, G'BB'- ,+ B+>+- 9, 1+%+,,' @ 9, ,92*7
#H 5/67
E! 5/67
4E 5/67
M" 5/67 E! 5/67
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‹0B)1+7 a+@ >B98 8=%98?91)98 &9 98>9 ?+BA8)>'[ QB@?+*'8'(+ Q7 %7 D+(%)9*89- <=9 1+=8+ ,+ >B)?+*'8'()+8)8 1B2*)1+ &9 )*)1)' ,9*>'7 3"J %B=19) Q7 %7 BL'&98)9*89- <=9 1+=8+ ,+ >B)?+*'8'()+8)8 +D=&+ &9 )*)1)' BA?)&'7 Q7 %7 %B=19)- <=9 1+=8+ ,+ >B)?+*'8'()+8)8 +*)(+, +0B)1+*+ T' *+D+*+V- +, )D=+, <=9 '>B+8 98?91)98 &9 >B)?+*'8'(+87 3!" Q=%9B1=,'8)8 5@1'%+1>9B)=( +R)=( Z N)B& Q=%9B1=,'8)8 3!! Q=%9B1=,'8)8 5@1'%+1>9B)=( >=%9B1=,'8)8- B'& 0'B( 3!E Q=%9B1=,'8)8 $R)+B9 3!# Q=%9B1=,'8)8 p,9%8)9,,+ %+1>9B)=( 3!4 Q=%9B1=,'8)8 N'R)*9 X+ >=%9B1=,'8)8 TQNV ?=,('*+B 98 1+=8+&+ ?'B ,+ %+1>9B)+ 5@1'%+1>9B)=( >=%9B1=,'8)8 T57 >=%9B1=,'8)8V @ 89 ?=9&9 +&<=)B)B ?'B ,+ )*L+,+1)2* &9 D'>)>+8 &9 +D=+ ?B'R9*)9*>98 &9 ,+ >'8 ' 9, 3"3 Q=%9B1=,'8)8 &:+ ! 98>'B*=&' &9 =*+ ?9B8'*+ )*091>+&+7 X+ )*0911)2* ?=,('*+B B98=,>+*>9 89 &9*'()*+ >=%9B1=,'8)8 ?B)(+B)+7 X+ >=%9B1=,'8)8 TQNV ?=,('*+B 98 1+=8+&+ ?'B ,+ %+1>9B)+ 5@1'%+1>9B)=( >=%9B1=,'8)8 T57 >=%9B1=,'8)8V @ 89 ?=9&9 +&<=)B)B ?'B ,+ )*L+,+1)2* &9 D'>)>+8 &9 +D=+ ?B'R9*)9*>98 &9 ,+ >'8 ' 9, 3"M Q=%9B1=,'8)8 &:+ E 98>'B*=&' &9 =*+ ?9B8'*+ )*091>+&+7 X+ )*0911)2* ?=,('*+B B98=,>+*>9 89 &9*'()*+ >=%9B1=,'8)8 ?B)(+B)+7 3!F Q=('B %9*)D*' ?B'DB+(+ D9*9B+,
H# 5/67
H" 5/67
!!4 5/67 EJ 5/67 F! 5/67 #" 5/67 ## 5/67 !3 5/67
J3 5/67 #M 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
3!H
3!J
E4!
3!3
K, 1A*19B &9 ?B28>+>+ 89 9*1=9*>B+ ?B)*1)?+,(9*>9 9* L'(%B98 &9 9&+& +R+*G+&+7 K* ,'8 K8>+&'8 d*)&'8- +?B'P)(+&+(9*>9 ! &9 F L'(%B98 B91)%)BA =* &)+D*28>)1' &9 1A*19B &9 ?B28>+>+7 X'8 8)D*'8 ?'8)%,98 &9 1A*19B &9 ?B28>+>+ )*1,=@9* 9, 0,=C' &I%), ' ,+ 9P1B91)2* 0B91=9*>9 &9 'B)*+7 K8>'8 @ '>B'8 8)D*'8 @ 8:*>'(+8 ?=9&9* 89B ?B'&=1>' &9, 1A*19B &9 ?B28>+>+ ' &9 '>B+8 +0911)'*987 ;'*8=,>9 1'* 8= (I&)1' 8) ?B989*>+ 1=+,<=)9B+ &9 ,'8 8)D=)9*>98 ?B'%,9(+8[ ^,=C' &9 'B)*+ &I%), ' )*>9BB=(?)&' Tk?+B+ @ 8+,9kV7 \+*+8 B9?9*>)*+8 &9 'B)*+B7 $=(9*>' &9 ,+ 0B91=9*1)+ &9 )B + 'B)*+B T9* 98?91)+,- ?'B ,+ *'1L9V7 U)0)1=,>+& ?+B+ )*)1)+B 9, 0,=C' &9 'B)*+7 U)0)1=,>+& ?+B+ R+1)+B ,+ R9C)D+ ?'B 1'(?,9>'7 Q=('B ?B28>+>+ U','B ' +B&'B +, 'B)*+B7 ]B989*1)+ &9 8+*DB9 9* ,+ 'B)*+ ' 9, 89(9*7 U','B 9* ,+ 98?+,&+- ,+8 1+&9B+8 ' ,+ ?9,R)8 <=9 *' &98+?+B9197 ^+,>+ &9 +)B9- 89*8+1)2* &9 (=1L' 1+*8+*1)'- ,+>)&'8 BA?)&'8 &9, 1'B+G2*- (+B9' ' ?)9, ?A,)&+ + 1+=8+ &9 +*9()+7 a+@ '>B+8 +0911)'*98 <=9 ?=9&9* ?B'&=1)B ,'8 ()8('8 8:*>'(+87 K* ,+ (9&)&+ 9* <=9 ,'8 L'(%B98 9*R9C919*- ,+ ?B28>+>+ 89 ?=9&9 R',R9B (A8 DB+*&9 @ '%8>B=)B ,+ =B9>B+ ' ,+ R9C)D+7 K8>' ?=9&9 1+=8+B ?B'%,9(+8 =B)*+B)'8 ' 89P=+,987 K8>+ +0911)2* 89 ,,+(+ L)?9B?,+8)+ ?B'8>A>)1+ %9*)D*+ Ta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d* )*R98>)D+&'B 1B99 <=9 =>),)G+*&' !F aG 89 98>)(=,+* ,+8 1I,=,+8 ?+B+ B91)%)B 1+,1)' &9 (+*9B+ (A8 90)1)9*>97 Y9B >+(%)I* $B>B)>)8 a9B)&+ +%)9B>+ @+ 89+ 9* ,+ ?)9, ' ,+8 (=1'8+8 9* 9, 98>2(+D' @ 9, &='&9*'7 K, &='&9*' 98 ,+ ?+B>9 8=?9B)'B &9, )*>98>)*' &9,D+&' <=9 89 1'*91>+ 1'* 9, 98>2(+D'7 a+@ =* 1'(?'*9*>9 9('1)'*+, d,19B+ )(?'B>+*>9 ?+B+ ,+8 O,19B+8 &9 98>2(+D'7 X+ ?8)1'>9B+?)+ 98 (=@ B91'(9*&+%,9 ?+B+ +@=&+B 1'* ,+ ,)%9B+1)2* &9 ,+ )B+ @ '>B+8 9('1)'*987
M# 5/67
EJ 5/67
34 5/67
HM 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
3!M
3E"
3E!
3EE
FEH
3E#
d*+ )*0911)2* &9*>B' &9 ,+ ?=*>+ &9, &9&' &9 ,+ (+*' ?=9&9 0'B(+B =*+ +1=(=,+1)2* &9 ?=8 T' +%8198'V <=9 98 9P?+*8)R+ T89 +DB+*&+V @ (=@ &','B'8+7 d* ?+*+&)G' 98 =* +%8198' 9* ,+ ?=*>+ &9, dS9B'Z]+*+&)G' &9&' &9 ,+ (+*'- <=9 1B919 ?B'0=*&+(9*>9 9* 9, &9&' &9, ,+&' &9 ,+ ?+,(+7 \9*9B+,(9*>9 98>A 1+=8+&' ?'B =*+ )*0911)2* %+1>9B)+*+W 8)* 9(%+BD'- 9, R)B=8 &9, L9B?98- ,,+(+&' ?+*+&)G' L9B?I>)1' @ (A8 + (9*=&' ,'8 L'*D'8 ?=9&9* >+(%)I* 1+=8+B ?+*+&)G'87 X+ =B9+?,+8(+ =B9+,@>)1=( 98 =*+ %+1>9B)+ &9 ,+ 0+(),)+ &9 ,+8 5@1'?,+8(+8 <=9 89 9*1=9*>B+ 9* 9, >B+1>' =B'D9*)>+, &9 0'B(+ *'B(+,7 c)* 9(%+BD'- ?=9&9 1'*R9B>)B89 9* ?+>2D9*+- 98 &91)B- 89B B98?'*8+%,9 &9 =*+ +DB98)2* 9* 9, 'BD+*)8('7 ;+=8+ =B9>B)>)8 9* ,'8 L'(%B98 @ 19BR)1)>)8 9* ,+8 (=C9B98 @ 8= ('&' &9 1'*>+D)' &9 ?'B R:+ 89P=+,[ 98 ?'B ,' >+*>' =*+ )*0911)2* ' 9*09B(9&+& &9 dB9+?,+8(+ >B+*8()8)2* 89P=+, T KQc V7 K* +,D=*'8 1+8'8- ?=9&9 ?B'R'1+B ?B'8>+>)>)8 9* ,'8 L'(%B98 ' 9*09B(9&+& )*0,+(+>'B)+ ?I,R)1+ 9* ,+8 (=C9B98 T>+(%)I* 1'*'1)&+ 1'(' 9*&'(9>B)>)8V- 98 &91)B- =*+ )*0911)2* 9* ,+8 >B'(?+8 &9 ^+,'?)'7 X+8 891=9,+8 &9 98>+ )*0911)2* ?=9&9* D9*9B+B ?B'%,9(+8 &9 )*09B>),)&+& @ 9(%+B+G'8 91>2?)1'87 K8 ,+ )*0,+(+1)2* TL)*1L+G2* 9 )BB)>+1)2*V &9 ,+ =B9>B+- 9, 1'*&=1>' <=9 >B+*8?'B>+ 'B)*+ &98&9 9, 1=9B?'7 ;+=8+8[X+ =B9>B)>)8 ?=9&9 89B 1+=8+&+ ?'B %+1>9B)+8 ' R)B=87 X+8 ()8(+8 %+1>9B)+8 <=9 1+=8+* ,+8 dB9>B)>)8 )*0911)'*98 =B)*+B)+8 TK7 1',)V @ +,D=*+8 9*09B(9&+&98 &9 >B+*8()8)2* 89P=+, T1,+()&)+- D'*'BB9+V ?=9&9* ,,9R+B + <=9 89 ?B989*>9 =B9>B)>)87 X+8 1+=8+8 R)B+,98 &9 ,+ =B9>B)>)8 )*1,=@9* 9, R)B=8 &9, L9B?98 8)(?,9 @ 9, 1)>'(9D+,'R)B=87 KB=?1)'*98 &9 ,+ ?)9,- ?'B ,' D9*9B+, &9%)&' + ,+8 +,9BD)+8 + ,'8 +,)(9*>'8 @ ,'8 1+(%)'8 + R9198 dB>)1+B)+ 9P>B9(+8 &9 >9(?9B+>=B+7 ]B98>9 +>9*1)2* + 8= &)9>+ @ ,+ 9P?'8)1)2* + ?B'&=1>'8 <=:()1'87 X+ )*0,+(+1)2* &9 ,+ ?+B>9 )*>9B*+ &9 ,+ R+D)*+ @ ,+ R=,R+ + R9198- + (9*=&' +1'(?+S+&+ &9 891B91)2*?)1+G2*- )BB)>+1)2*- +B&'B +, 'B)*+B @ &','B &=B+*>9 9, 1'*>+1>' 89P=+,7 $ 1'*>)*=+1)2* 89 ?B989*>+* ,+8 Y+D)*)>)8 0B91=9*1)+8 D9*9B+,98 ?+B+ ,+ R+D)*)>)8 *' 98?91)0)1+&'7 c) 1'*'19 9, ()1B'%)' 98?91:0)1' )(?,)1+&'- R9+ <=9 ,+ 9*>B+&+ ?+B>)1=,+B7 K* ,+ (+@'B:+ &9 ,'8 9*09B('8 &9 R+D)*)>)8- +,D=* L'*D' 98>A ?B989*>9- ?'B ,' <=9 >+(%)I* 1'*8=,>9 k;+*&)&+ +,%)1+*8k X+ R+D)*'8)8 %+1>9B)+*+ TYNV 98 =* >)?' &9 )*0911)2* R+D)*+,7 X+ R+D)*+ *'B(+,(9*>9 1'*>)9*9 >+*>' %+1>9B)+8 8+*+8 1'(' (+,8+*+87 X+ R+D)*'8)8 %+1>9B)+*+ 89 ?B'&=19 1=+*&' L+@ (+@'B ?B',)09B+1)2* Y+D)*'8)8 &9 %+1>9B)+8 (+,8+*+8 <=9 &9 %+1>9B)+8 8+*+87 6' 89 8+%9 9P+1>+(9*>9 <=I ?B'R'1+ 98>'7 X+ YN 98 =* ?B'%,9(+ 1'(O* <=9 ?=9&9 +091>+B + (=C9B98 @ *)S+8 &9 >'&+8 ,+8 9&+&987
#M 5/67
43 5/67
J3 5/67
4F 5/67
!!! 5/67
## 5/67
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.*
3E4
3E3
3#" 3EM
3#!
3#E
3##
3#4
K, R)B=8 <=9 1+=8+ ,+ R+B)19,+ 98 9, R+B)19,+ G'8>9B- =* ()9(%B' &9 ,+ 0+(),)+ &9, L9B?98R)B=8- <=9 1+=8+ >+(%)I* 9, L9B?98 G28>9B T1=,9%B),,+V 9* ,'8 +&=,>'87 Y+B)19,+ X+ R+B)19,+ 89 ?=9&9 1'*>+D)+B (=@ 0A1),(9*>9 + '>B+8 ?9B8'*+87 d8>9& ?=9&9 1'*>B+9B,+ >'1+*&' ,'8 !"F 5/67 ,:<=)&'8 &9 =*+ +(?',,+ &9 R+B)19,+ ' 8) +,D=)9* 1'* R+B)19,+ >'89 ' 98>'B*=&+ 19B1+ &9 =8>9&7 $=* +<=I,,'8 1'* =*+ 9*09B(9&+& ,9R9 ?=9&9* 89B 1'*>+D)'8'87 X+8 RAB)198 8'* R9*+8 &),+>+&+8 <=9 89 )*0,+(+* @ 89 9,9R+* + ,+ 8=?9B0)1)9 &9 ,+ ?)9,7 ]=9&9* 89B &9 =* 1','B ('B+&' ' +G=, '81=B' @ ?+B919B 98>+B >'B1)&+8 @ +%=,>+&+87 X+8 RAB)198 89 9*1=9*>B+* 1'(O*(9*>9 9* ,+8 ?+B>98 ?'8>9B)'B98 &9 ,+8 ?+*>'BB),,+8 ' 9* ,+ 1+B+ )*>9B*+ &9 ,+ ?)9B*+7 c9 Y+B)1'8)8 Z RAB)198 !3 5/67 &98+BB',,+* 1=+*&' ,+8 RA,R=,+8 R9*'8+8 <=9 ?9B()>9* <=9 ,+ 8+*DB9 0,=@+ L+1)+ 9, 1'B+G2* &9C+* &9 0=*1)'*+B +&91=+&+(9*>97 ;'(' B98=,>+&'- ,+ 8+*DB9 89 +1=(=,+ 9* ,+8 R9*+8 @ ?B'R'1+ ,+8 &),+>+1)'*987 Y9C)D+ c>B9?>'1'11=8 9*>9B'1'11)*=( 3 5/67 Y9C)D+ @ dB9>B+ >B+>+()9*>' D9*9B+, )*0,+(+1)2* 9 )*0911)'*987 !F# ()*7 c'* ?9<=9S'8 1B91)()9*>'8 9* ,+ ?)9, ?'B ,' B9D=,+B )*&','B'8 1+=8+&'8 ?'B =* R)B=8- ,,+(+&' R)B=8 &9, ?+?),'(+ L=(+*' TY]aV7 X+ (+@'B:+ &9 ,+8 R9198 8'* )*'09*8)R+87 $,D=*+8 R9BB=D+8 89 ?B'?+D+* + Y9BB=D+ &:+ ! >B+RI8 &9, 89P'7 FJ 5/67 X+8 R9BB=D+8 ?=9&9* +091>+B ,+ +?+B)9*1)+ @ 1+=8+B R9BD„9*G+7 ]=9&9* &',9B ' 1+=8+B ?)1+G2* T?+B>)1=,+B(9*>9 9* ,'8 ?)98V7 c'* ?9<=9S'8 1B91)()9*>'8 9* ,+ ?)9, ?'B ,' B9D=,+B )*&','B'8 1+=8+&'8 ?'B =* R)B=8- ,,+(+&' R)B=8 &9, ?+?),'(+ L=(+*' TY]aV7 X+ (+@'B:+ &9 ,+8 R9198 8'* )*'09*8)R+87 $,D=*+8 R9BB=D+8 89 ?B'?+D+* + Y9BB=D+ &:+ E >B+RI8 &9, 89P'7 !!! 5/67 X+8 R9BB=D+8 ?=9&9* +091>+B ,+ +?+B)9*1)+ @ 1+=8+B R9BD„9*G+7 ]=9&9* &',9B ' 1+=8+B ?)1+G2* T?+B>)1=,+B(9*>9 9* ,'8 ?)98V7 5+B9'8- ?'B (=1L+8 1+=8+87 K, RIB>)D' ?=9&9 89B 1+=8+&+ ?'B )*0911)'*98 ()1B'%)+*+8- &9>9B)'B' *9=B',2D)1'- =*+ ,98)2* 9* ,+ 1+%9G+- +D'>+()9*>' 8=?B+BB9*+,- ' =*+ 9*09B(9&+& &9, 1'B+G2*- 1'(' ,+ ?B98)2* +B>9B)+, %+C+7 YIB>)D' ?9B8)8>9*>9 >+(%)I* ?=9&9 8)D*)0)1+B =* >=('B 9* ,+ ?'B1)2* 19B9%9,' YIB>)D' #H 5/67 &9, 19B9%B'7 c) 9, ?B'%,9(+ ?9B8)8>9- 1'*8=,>9 + =* (I&)1'7 Q+(%)I* R9+ 9*>B+&+8 %+C' `:&'- @+ <=9 9, ':&' )*>9B*' 98 B98?'*8+%,9 &9 (+*>9*9B *=98>B' 89*>)&' &9, 9<=),)%B)'W @ k>=('B 19B9%B+,k- %+C' 1A*19B- @+ <=9 9, (+B9' 98 =* 8:*>'(+ '%89BR+&'7 ;',91)8>)>)8 Y98:1=,+ %),)+B $>+<=9 &9 1A,1=,'8 %),)+B98 (=@ &','B'8' &9 ,+ '%8>B=11)2* &9 ,'8 1'*&=1>'8 %),)+B987 Y9+ >+(%)I* E! 5/67 kX'8 1A,1=,'8 %),)+B98k 9* 98>+ 8911)2*7
!"#$%&'( #*'!+$,!$"- #* *-.*+/*#0#*' 1 2$*/,&' #$',&'$2$3& +$.* 3#F
Y98:1=,+ %),)+B
3#H
Y98:1=,+ %),)+B
4JH
Y/a- a/Y &:+ !
F4!
Y/a- a/Y &:+ E
3EF
Y)B=9,+ &:+ !
U)8>'*:+ 1'* '8>9:>)8 Q'*)1)&+& &9 ,+ R98:1=,+ %),)+B &9>9B)'B+&+- 1'* )*0,+(+1)2* &9 ,'8 L=98'87 ^=*1)2* D9*9B+, @ &','B7 K, c/U$ 98 =*+ 9*09B(9&+& )*0911)'8+ 1+=8+&+ ?'B =* R)B=8 &9*'()*+&' Y)B=8 &9 ,+ /*(=*'&90)1)9*1)+ a=(+*+ TY/a ' a/YV ' R)B=8 &9, c/U$7 d*+ 9*09B(9&+& )*0911)'8+ 98 +<=9,,+ <=9 98 1+=8+&+ ?'B =* D9B(9* @ <=9 ?=9&9 >B+*8()>)B89 &9 =*+ ?9B8'*+ + '>B+7 d* R)B=8 98 =*+ ?9<=9*‡ + ?+B>)Š1=,+ )*0911)'8+ <=9 8'Š,' ?=9&9 R)R)B 1'(' ?+B+Š8)>' &9 ,+8 19Š,=,+8 &9, 'BD+*)8('- &'*&9 89 (=,>)?,)1+7 ^=9B+ &9 ,+8 19Š,=,+8 8'%B9R)R9 1'* &)0)1=,>+& @ &=B+*>9 ?'1' >)9(?'7 U9%)&' + ,' 9P>9*8' &9 ,+8 0B91=9*1)+8- 89 B9+,)G+ 8',' =* ()*=>' ?'B 1+&+ =*+- 89 B91'()9*&+ B9?9>)B >B98 R9198 + ,+ 89(+*+ 9, >B+>+()9*>'- &=B+*>9 =* (987 X+ R)B=9,+ 98 =*+ 9*09B(9&+& )*0911)'8+ DB+R9 &9 ,+ 1=A,- +1>=+,(9*>9- *' 9P)8>9* 1+8'8 +1>)R'8 1'*'1)&'8 9* 9, (=*&'7 K, O,>)(' 1=+&B' B9D)8>B+&' 0=9 9* !MJJ 9* c'(+,)+7
#H 5/67 M 5/67
F! 5/67
33 5/67
HM 5/67 X+ 1+=8+ 98 =*+ )*0911)2* ?'B 9, R)B=8 &9 ,+ R+B)',+- @ 89 ?B989*>+ 1'(' =* 1=+&B' 09%B), )*>9*8' 1'* 9B=?1)2* 1=>A*9+ 9* 0'B(+ &9 ?O8>=,+8 9P=&+>)R+87
3EH 3EJ 3#J 3#M 34"
Y)B=9,+ &:+ E Y)B=9,+ &:+ # Y)B=8 Y)8)2* Œ+??9B
34F
Œ@D'(@1'8)8
\9*9B+, \9*9B+, d8' D9*9B+,7 K8 =* %+BB)&' &9 ,+8 0B91=9*1)+8 <=9 (+8 ?B'%,9(+8 D9*9B+,98 +@=&+*7 d*+ )*0911)2* ?'B L'*D'8 DB+R9 + (9*=&' +8'1)+&+ 1'* ,+ &)+%9>98 *' 1'*>B',+&+ ' 0AB(+1'8 )*(=*'8=?B98'B987
E4 5/67 #" 5/67 4F 5/67 HH 5/67 H# 5/67 !3 5/67