QWGNET 1 STARTPAGE HUMAN RESOURCES AND MOBILITY

Transcript

QWGNET 1 STARTPAGE HUMAN RESOURCES AND MOBILITY
"!#%$&' (
!*)%+-,.+0/21
$7/+98*+:/21
#+- $&5+- $7/+-!*
<;=>;@?BADCFE /GA>?IHKJLHKJNM O;FPRQ%STAVUT=W34X/<=Y6
] ^
Z[#\/
)
_
`badcKe gfih:jik
345
6
!"$# %'&)(+*,-.0/213(5456
7
8 :9 2; e< e a6=?>?@BA fC$D > 9E9F9F929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929 G
8 :9 `H= f6I e>KJ
LNM I eO>PJ DRQ e< 9F929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929 j
9 i
8 :9 ST > D eOU:J DWV >XLN= D c D U a6Y D J[Z fdh J\@ e `]= fI eO>KJ 9F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F92W
8 :9 G; e< e a6=?>?@B^ e_J\@ fa`b9F9F929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929W
9 8 9 Gc9 Fd aYR>_e$Y a6J D f U aYfJ eO>?@cU DRg e e< D UihkjA 929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F92W
9 OS
8 9 Gc9lXm anJoJ D > eXp drq 929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F92W
9 OS
8 9 Gc9 S `]@ e_U f:s e_U f Y f c D > a6Y> aYR>_e$Y anJ D f U+< 9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F92W
9 OS
8 9 Gc9 Gt e a Q ZBpNe a6='u f U D aj f = s a6J D f U D U q e `aD > a6J e ` hHv C e_= DRs eOUJ'< 929F929F9F929F929F9E9F9F929F92W
9 _G
8 9 Gc9lwXt e a Q ZBpNe a6='u f U D aF`]= fa` ec>PJ D f U D U f J'@ e_=xhHv C eO= DRs e_UJ'< 9E9F929F929F9F929F929F9E9F9F929F92W
9 _G
8 9 Gc9 jd f:sC Y e s eOUJ a6= D J[ZfyJ'@ e2U e e @` fih{z Y f M a6Y}|xU a6YRZ5< D < 9F9F9E9F929F929F9F929F929F9E9F9F929F92W
9 _G
8 9 Gc9~XT5DRs ecY a6J D f Uc< h f =xj$eaJ'e$= e€h]e$= fC e a6Uj a:> D Y D J D eO< 929F929F9F9E9F929F929F9F929F929F9E9F9F929F92W
9 w
8 :9 wXB‚ f ='u `HY a6U 9F929F9E9F9F929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F92W
ƒ 1 " %%„ " .…{†c(c1B_1 " ‡O*ˆ1(f*Š‰}.(5‹ # …„f " 6Œ}%5‡
ƒ}
8 $9 €d f UJ e_UVJ a6U `g e a6Y D J[Z fdh J\@ e2J'= a D U D U c C = f c:= a sŽ9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929 8 a9 9 8r= f a `C @5Za< D >_< a= e a> fnQ e_= e ` M5Z!J\@ e C = fI eO>KJy Q a= D ePJ[Z fdh = e_Y anJ e `V e_Y ` < 929F9E9F9F929F929
8 a9 9l A.= a D U D U c ; e< f e$='> eO< fdh J\@ e€A e a s < 929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929
8 a9 9 SqNDQ e_=?< D J[Z fdhs anJ'@ e s anJ D > a6YJ f f YR< aU `s ePJ\@ f5` <_-y a:> g e D = D U c> fsC e$J D U c‘<ou D YY’< 9F9F929F929
8 a9 9 G A,@ e f = ePJ D > D aUcD< a6U ` ePv C e_= Ds e_UJ a6Y D <oJ'<rJ f cie_J\@ eO=Oy{> fsC Y e s e_UJ a=\Z QD e_“ C fD UJ'< 9F9F929F929
8 a9 9lw |”Y a6= cieEU5e s M e_= fih = eO< e a='>?@!J e a s <O-y a6U DRsC f =\J aUJ D UJ eO=\U aY• f “ fih u5U f “ŠY e ` cie 929F9296S
8 a9 9 jT5C eO> DWV > a>KJ DQ5D J D eO< 929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F9296S
8 $9 X–—sC a>PJ fdh J\@ e2J'= a D U D U c C = f c:= a s˜9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w
8 $9 S; e>P='e D J s e_UJ fdh e a=\YRZ™ˆ<oJ aicie>aU ` ePv C eO= D e_U+> e ` = eO< e a6=?>?@ eO='< 9F9F9E9F929F929F9F929F929F9E9F9F929F929dj
8 a9 S$9 h a6='YZ‘<oJ aicieE= e< e a6=?>?@ e_=?< 9F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929dj
8 a9 S$9l ` f <[J\™ ` f >PJ f = a6Yf= eO< e a6=?>?@ eO='< 9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929:~
8 a9 S$9 S hHv C e_= D e_Uc> e ` = e< e a6=?>?@ e_=?< 9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929:~
8 a9 S$9 G h g e a6Y™ f:C$C f =oJ'e$U D J[Z C f Y D >P@Z a6U ` | `aQ e_=\J D < D U c fdhš a> a6Uc> D e< 929F929F9F929F929F9E9F9F929F929:~
› ‘."$# ?& " …œ "až" %?&)(f*ŠO- ?‹X(+1‰)/ " 13.1n‡O- ž
ƒ+Ÿ
8 Sc9 €d f YRY eO>KJ DQ eFh{v C eO=oJ D < e fdh J\@ e ; e< e a6=?>?@B0A e a s < 9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F9296 8 S$9 9 N– J a6YRZ!J e a s¡9F9F929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929˜iS k
8 S$9 9lz eO= s a6U5Z – J e a s 929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929˜S 8 S$9 9 Sz eO= s a6U5Z –\– J e a s¢929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929˜SS
8 S$9 9 G£ U D J e `¤2D U c ` f:s J e a s 9F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929˜S:w
8 S$9 9lwT5C a D U – J e a s 929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929˜iS j
8 S$9 9 jT5C a D U –\– J e a s¥929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929˜S~
8 S$9 9~ jc= aUc> e_™ˆ8 e_Y c D e s J e a s¦929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929˜S 8 S$9 9 d h ;x§ J e a s¨9F929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929¥KG k
8 S$9 9 © ` f Y aU ` ™ T Y fnQ e_U D a2J e a s 9F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929¥G 8 S$9 9 kd @ D U aJ e a s 929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929¥G:S
8 S$9 9 iN§ f =\J\@i| s eO= D > aUJ e a sª9F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929¥GG
8 S$9 9 €« a C a6UBJ e a s 929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929¥Gw
8 Sc9 X– UJ eOUc< D J[@Z aU `g e a6Y D J[Z fih U ePJ[“ f ='u D U c 9F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929¥G5~
`badcKe Ffih:jik
S
8 Sc9 S; eOY e Q aUc> e fihC a=oJ'U e_=?<\@ DC > f:sC f < D J D f U 9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929¥G: 7 " " „f 5 " …. " ‡O # ?&
7
8 G+9 `H= fC f < e `s a6U aicie s eOU:JVaU ` f = c a6U D
a6J D f U aYf<oJ\='ec>PJ\e$= e 929F9F9E9F929F929F9F929F929F9E9F9F929F929¥G:©
8 G+9 ^ aU adcKe s e_UJŠu5U f “,™ @ f “ a6U ` ePv C e_= D eOUc> e fih U e_J[“ f =\u‘> f ™ f = `aD U anJ f = 9F929F9F929F929F9E9F9F929F929w 8 G+9 S ^ aU adcKe s e_UJŠu5U f “,™ @ f “ a6U ` ePv C e_= D eOUc> e fih U e_J[“ f =\uJ e a s < 9E9F929F929F9F929F929F9E9F9F929F929w 8 Gc9 S$9 N– J a6YRZ!J e a s¡9F9F929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w 8 Gc9 S$9lz eO= s a6U5Z – J e a s 929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w
8 Gc9 S$9 Sz eO= s a6U5Z –\– J e a s¢929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w
8 Gc9 S$9 G£ U D J e `¤2D U c ` f:s J e a s 9F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w
8 Gc9 S$9lwT5C a D U – J e a s 929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w
8 Gc9 S$9 jT5C a D U –\– J e a s¥929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w6S
8 Gc9 S$9~ jc= aUc> e_™ˆ8 e_Y c D e s J e a s¦929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w6S
8 Gc9 S$9 d h ;x§ J e a s¨9F929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w6S
8 Gc9 S$9 © ` f Y aU ` ™ T Y fnQ e_U D a2J e a s 9F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929w6S
8 Gc9 S$9 kd @ D U aJ e a s 929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929wnG
8 Gc9 S$9 iN§ f =\J\@i| s eO= D > aUJ e a sª9F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929wnG
8 Gc9 S$9 €« a C a6UBJ e a s 929F929F929F9F929F9E9F929F9F929F929F929F9F9E9F929F929F9F929F929F9E9F9F929F929wnG
B # Œ " .:O( O- 456Œ+5‡!(f*ŠO- B6O%Œ}?&
B….…5… "$# O( O-œ( ?&
P…% " OŒf Š% " "$# P.*ˆ(+1 " O(+
+Ÿ
Ÿ /21nŒ}%( ‡/21n( ž (+‡ "$# ‡ " .… œ(f_1 " 6‡
+Ÿ
!O-:1 _‡O‡ 5‡
`badcKe S if h:jik
G
 { . !#"$%"'&)(+*,(.-0/21436587:9 ;<1
A,@ e `aD <\> fnQ eO=\Z fih J'@ e>=2?A@ $B J\@ e Q e>KJ f = c= f e$U ` <oJ a6J e fih J'@ eX>?@ a= s ™ a6UJ D >?@ a6= s M f e$U ` <\Za<[J e s B ` a6J e<ŠM a>?uJ f
O©~nGc9 A,@ eJ fC J'@$= e<o@ f Y `C = fa` ec>PJ D f U#CED J f:C f U D e s D F€“ D YRYHM e e Q e_UJ\e aYYRZ s e a<\e$= e ` a6J€U ePv5JXY D U e a=X> f YY DR` e_=?<B
@ fC e h e$YRYRZGB D U J\@ eU ePv5J ` eO> a ` e 9
q ec= D U c@aYY.J\@ eO< e€Zie a6=?<ŠJ\@ eX@ e a Q Z g e a6='u f U D aHC%>?@ a= sf U D e s B+M f JoJ f:sf U D e s B
IKp JLdrB q 99R9 “ 0F f “ =\Y D ` YRY9 = 8 e se D Ua Dc U s aBe$>?YJ@ D a6™ˆ<'YRY> e_aU Y ce2D <oU Zac <oJ f e M s I e<k>KJ'J @DQ e_e Z h C f ==Xf pM e dra6qYRYf9 J\A,@ @ egeeO< Uee_<\= Z5c<oZ!J e = s e c < Ds f:C eO<eOUIfih a p C dr= DRq Q5D B Y e h =cKfe s ` “ J\@ D U e2` @ f a“ = ` D U= J e f c D J'f @ UMe B
“Š@ e_= e a6U e_v C a6Uc< D f U D U J'@ e> f e C Y D U c > f Uc<oJ a6UJ D <‘Y e c D J Ds a6J eG,B J f J\@ e Y f “.eOU e_= cZ = e c D f UM,B “Š@ eO= e <\ec>?@ a6U
ePv C a6U+< D f U D <,U f Y f U cie_= Q5D a6M$Y e a6U ` U f Ua™ C e_=\J\ec=\M a6J DRQ ege
N eO>PJ'< ` f:sD U a6J e 9
A,@ er<\ec>O> eO<'< fdh J\@ eDe a=\YRZ C @ eOU fs e_U f Y f c D > aY C f J e_UJ D a6Y sfa` e_Y’<“Da<4anJJ\@ a6JJ DRs e fnQ e_='“Š@ e_Y sD U c
a6U ` @ D U:J e `
J f J\@ eŠ> f U V U D U c C = fC e_=\J D eO< fih+D U h = a= e ` p drq9 A,@ anJH<\ec>_> eO<'<<oe cKcie<[J e ` J'@ anJ-a ` e<\>_= DRC J D f U fdh @ e a Q Z g e a6='u f U D a
a<ŠU f Ua™ˆ= eOY a6J DRQD <oJ D >
M f e$U ` <[J anJ e<Š“Da<Š<\e$Mc<oJ a6UJ D aYYRZ> f =\= eO>PJ 9 A,@ e s a D UJ'@ e f = e_J D > a6Y eN f =oJ fih J'@ eFY a<oJ ` eO> a ` e
@ a<]M e e_U!J f€C eaJkJ\@ e ` eO<'>P= DC J D f U fdh U f Ua™ˆ= eOY a6J DRQ5D <oJ D >,M f e$U ` <oJ a6J e< D UBp drq f U a€< f Y D’` c= f ecU ` 9 A,@ D <]@ a<]M e e_U
C = fnQ5D’` e ` MZJ'@ eXp drq U f Ua™ˆ= eOY a6J DRQD <oJ D >Ve
N eO>PJ DRQ e V e_Y ` J'@ e f = D eO<K%C hkjAŠ<OF
B “Š@ D >?@B@ a Q e C = fnQ e ` J f M e D U ` e e ` J'@ e
a C$C = fC = D anJ e!J f f Y’<XJ f = e_Y anJ e g e a=\u f U D e s¦C @5Z5< D >_<XJ f J'@ e h e$U ` a s eOUJ a6Y C a= a s ePJ eO='< fdh p drq a6U ` J f e$U Q e D Y
J\@ ep drq ` Z5U a sD >_< 9r§ f U ; eOY a6J DRQ5D <oJ D >p drq C §
; p drq F C = e `aD >KJ D f Uc< fdh @ e a Q Z g e a6='u f U D e s C = fa` ec>KJ D f U a6U `
` eO> a3Z5< s a ` ega€= e_Y e Q aU:JŠ<oJ e C h f ='“ a= `f U‘J'@ D <r“Da3Z 9§ eO“ e
N eO>PJ DRQ e V e_Y ` J'@ e f = D eO< h f =r@ e a Q Z g e a=\u f U D e s @ a Q e
M e e_U = e> eOU:J'YZ > f Uc<oJ\='ec>PJ e ` C C f J e_UJ D a6Y §
; p drq C Cc§N; p drq F
B Q eOY f > D J[Z §N; p drq C Qa§
; p drq F<Fga6U ` J\@ e_ZIa= e
C = fa` e+> D U c a“ e a6YJ\@ fdh U e_“ = e<oecYWJ?<Va6U `C = e `$D >PJ D f Uc< 9 A,@ eFY anJoJ D > e DsC Y e s eOU:J anJ D f U fih <\ec>?@ e
N eO>PJ DRQ e2J'@ e f = D eO<
@ a<kM e e_U C a6=\J D a6YRYZ> a=\= D e `f eaJDa6U `‘s aU5Z h ec=oJ'@ e_=r= e<oecYWJ?<Ra6= eVe_v C eO>PJ e ` J f M e f MaJ a D U e `‘D U!J'@ eEU ePv5JkZKe a='< 9.– U
a6YRY{J\@ e!Y anJ\J D > e DRsC Y e s eOUJ anJ D f Uc< aU ` a C$C Y D > anJ D f Uc<EJ f g e a=\u f U D e s C m anJ\J D > e §
; p drq B |xU D < f J'= f:C$D >Y anJ\J D > eO<LB
‚ D Y’< f U Y f f:C C f J eOUJ D a6Y’<€Y anJoJ D > eB> a6Y’>Pe$Y anJ D f Uc<B DRsC Y e s e_UJ a6J D f U fih Y D c@J g e a=\uBe
N eO>PJ'<P€F = e s a=\u a6McY e C = f c:= e<\<
@ a<,M e eOU a:>?@ D e Q e `D UBJ\@ eFY a<oJ
> f e C Y e fih ZKe a6=?<Da6U ` a ` = a<oJ D >E= e ` ec>KJ D f U fih <\Za<[J e s anJ D >Ee$Uc> e_=\J a D UJ D eO< D <,J f M e
ePv C e>KJ e `D UJ'@ e2U e a= h eaJ\e$= e 9 A,@ e C = f c= eO<'< D U f e$=Še$U ` e_=?<[J a6U `$D U c fih U f Ua™ = e_Y anJ DQ5D <[J D >>e
N eO>PJ DRQ e V eOY ` J'@ e f = D eO<
s auie< D J C f <\< D McY eBJ f sfnQ eM e_Z f U ` C @ eOU fs e_U f Y f c D > aY sfa` eOYR<a6U ` B h f =XJ'@ e V ='<oJJ DRs e,B C = fnQ5DR` e@ae$U DV e `
` eO<'>P= DC J D f U fdh aYY9a:< C eO>PJ'< fih @ e a Q Z™ g e a6='u f U D e s C @5Za< D >O< 9 A,@ D <Š> aYY’<Ba@ f “ e Q e_=QB h f =,J\@ e€> f f = `aD U anJ e ` eN f =oJ fih
V e_Y ` J\@ e f = D <oJ'<LB C @ eOU fs e_U f Y f c D <oJ'<Da6U ` Y anJoJ D > D <oJ'< 9
j$= fs J'@ eX< DR` e fih e_v C eO= DRs e_UJ'<LaB J\@ e€= e a6Y U fnQ e_YJ[Z D <Š= e C = eO< e_UJ e ` M5Z‘J'@ e Q a6= D e_J[Z fih < f e$=?> e< fdh = e> eOU:J ` a6J a
f U@ e a Q Z g e a=\u f U D a$y
R `C8re `ah D T> ananJ Jke ` 8,hRe_v ` C d eO=BDR8 s e e_D I[UD J'U <c= C ed > @e_UD U J'aSYZ F-a6> Uf:s` Ch Y e_SJ ew ` anJk@ jD c:e_@ = s<oDJ Y ana6J MMD <oBJ 8 D >0a6J <'a > Q5aD U$a4U C £ED U T c | fiF
h BKaU U a6` ='= J\f @ “ e
e >?@C a6c== sa ` f e U `D e ¤ s h qE<[J ; anJ aneOJ<
š hR`R`H™ G ^TB §VfnQif < D M D ='<\uC ; ec<\< D a,F%DF aU ` M f JoJ f:sf U D e s <oJ a6J e<UC drm h,L
™ –\–o– anJ d h T$; B d f ='U e_YRY:C £ET | F<FWV
R s8 f h Ua:>KD a J f D = U)D e<K8]™C 8D` ea> 8Da3a6Za=<B anDJ U T$C m @ | f d J f B UaT ™ J C a6@ U f h Jf f = U ` hC ec£E< T D f | UMDF B aD UU D` J D 8a6YŠe_YR<oY J e ananJ eJ ¤= a h `a¤D anJ$B D AŠf UM<oe$-B u5a6e$U M ` aXQ C eO« =\a Z C a6= Ue> F%eOF U:C J'=YZ f5` C ecec> M$eFY D>?<\@ @ ae =o` ™
` a6J a f UePv$>_Yec< DRQ e C = f5` ec>KJ D f U fih` f e$M$Y eF>?@ a6= sf U D aYV
R Cm @ hRf `TJ f e_Uav ™ C C eO@ = f DRsJ f e_U UhJ'ec< < a6D f J U.d V h ;x§ B z eOU e Q aC T “ D J e_='Y aU ` F C e$McY D <o@ e ` = e<oe$YJ'< f UB>?@ a= sf U D e s C = fa` ec>PJ D f U D U
R DdrU[q Z]jNZ\ a6a6UU$`iU D @q
D kY anJ e_D v f C U+e_< = anDRs J eOUAJ'< e š a6JNV jdreOq = sj D @Y aaM < <[f J'M+e < ` eOZ= Q @ e e`‘a D Q UZ <ogece >?@a6='“Du f a3U ZD a J\@ C e = faV ` ='<oecJ>PJI D f J U > a6h = U f`as DR` canJYRe ef<VU$™ c:Ye f U h ec< D f U
R_C^ @h f £NJ fT Uaa6™ cU YR`e f tYU h ecePv< D C f e_U.= V Ds e_UJ?<VanJ q h TS` ™ t h ; |B t a s M$ec= cC z e_= s aU5Za,F <oJ\e ` ZB>?@ a= sf U D a C = fa` ec>PJ D f U D U
G fih:jik
`badcKe w
R §C £N| T ji|Kk F a6a6J = eEd <oh J\e ;x` § Z D U C Tc“ J'D@ J e e_C ='=Y afaU ` ` ecF>KJ aD f U U ` s J'@ ee>?@ ePa6v U C D < e_s = Ds< fieOhU:J?>?<@ aT = As| f ; U D a a6Uh = ` fs ` t @ eh a §
Q –Z:™ D f a6UBJ > ;xf YRtxY D <–\Dd f UcB]< 8r9 = f f u5@ a Q eOU
– U J\@ eU e a6= h eaJ'e$= eG9B e Q e_UY a= cKe_= ` anJ aB< a sC Y eO<ga= e ePv C eO>KJ e ` h = f:s J\@ e drm hrL
™—>Ya6U ` 8,h T ™ –\–o– e C c= a ` e<B
“Š@ D Y eN8 h a>PJ f = D eO<L6B J'@ e
j eO= sD Y aM‘A e Q anJ\= f U aU `!q h TS` ™ t h ; | hHv C eO= DRs e_UJ'<]“ D YRY+> f UJ D U5e eŠJ f <oe CcC YZ Q a6YRe a6McY e
` anJ a 9
– U‘J\@ e h a= C eO='< C e>KJ DQ eGB J\@ eF<oJ a=oJ'e C fih.mt2d anJ d h ;
§ C z e_U e Q e,B T “ D J e_='Y a6U ` F
B fdh `baU ` aFanJ zFT5– C q a= s ™
<[J a ` JQB z e_= s a6U5ZYF a6U ` J\@ e h eaJ'e$= e mD U e a6= d f YRY D’` eO=“ D YY C = fnQ5DR` eU eO“ = e< e a6=?>?@ fC$C f =\J\e$U D J D e<XJ f J'@ e@ e a Q Z
g e a6='u f U D e s > fss ecU D J[Z 9
t e a Q Z D f U ePv C eO= DRs e_UJ'<}“ D YRY:> f UJ D U5e e{J f =\e$U aU ` a>O>Pe s e$Y anJ e ` anJ acy c DRQ eOUNJ'@ ek> fsC Y ePv D J D eO< fih J'@ e C @Za< D > a6Y
< D J\e a6J D f UJ\@ eO= e,B g e a=\u f U D e ss a3Z@ a Q e>aX= eOY e Q a6UJ,>?@ a6Uc> e>a< aX>_Y e a6= e_= C = f M e fdh J\@ e s e `aD e s9 A,@ D <k@ f “ e Q e_=
> a6YRY’< h f =€J\@ e>P= e anJ D f U fdh J D c@J eO=€= e_Y anJ D f U+<FM e_J[“ e e_U J'@ e‘@ e a Q Z D f U > f:ss e$U D J[ZBaU ` J\@ e‘@ e a Q Z g e a6='u V eOY `
J\@ e f ='Z> f:ss e$U D J[Z 9
‚ e h e eOYJ\@ a6J D J D <NJ'@ e= D c@J
J Ds eJ fD U:J e_Uc< D h ZiJ\@ ee_va>?@ a6U cKe fdhkDR` e a<ga6U ` D U h f = s anJ D f UM e_J[“ e e_UIePv C eO= D ™
s eOUJ a6Y D <[J?< a6U ` J\@ e f = D <[J?< D U g e a6='u f U D e s C @5Za< D >_< 9!‚ e‘< e eaU e_“ f:C$C f =\J\e$U D J[Z D U J\@ e V e_Y ` 9‘‚ e!@ a Q eU eO“
a6U `s f = eF< f:C @ D <[J D > anJ e ` J\@ e f = ePJ D > a6YJ f f YR<xJ\@ a6J s a3Z a6YRY f “ec<xJ f = e_Y anJ e f e$= s e a<\e$= e s e_UJ'< sf = e `aD = e>KJ'YZBJ f
p drqX96‚ eŠ@ a Q e s aUYZ ePv C eO= DRs e_UJ'<='e$U$U D U c aU `C = fa` e+> D U c2U e_“ ` anJ aga6U `C Y a6U$U e ` ePv C e_= Ds e_UJ?< h f =J\@ exU ePv5J
` eO> a ` eEJ f > a6= e h e$YRYRZ ` e Q5D < e 9
‚ @ anJ D <,U e e ` e `D U f = ` e_=rJ f < C e e ` e C J\@ e C = f c= eO<'< D UJ\@ D < V eOY `D UJ\@ eFU e a6= h eaJ'e$= e D <Oy
R J fD Uc>_= e a< eE> f f = `$D U a6J D f UM e_J[“ e e_UBJ\@ e f = ePJ D > a69Y a6U ` e_v C e_= DRs eOUJ a6Y eN f =oJ?< V
R J<ofJ\e fn` Q e_e_U=?J'> < f:`as D <oe
J\J'= D@ M$e e$hJ = e ad`c sD U eOa6U:YRJ YanhHJ D e$f =@U fe_C v egD <oa6J U D U ` c Y f an> JŠa6J'YR@YZ eXD hH< f ecY =anf:J Ce ` e Fra6U>P= Y e e a6Q J e_D Y U DcUJ\J\@ @ e€D < >_= V D Je_DY >` aY C%< s e Q a:e_<\= < a6hYf = =Še<= eea6< e=?>?a6@ =?>?e_M@ =?D< V a6U `
R JU f
D e D sUc>P= C e @a:Za< eH< D >>Of>< sC J's @ e$eU Y Da6> JoanJ J D >D f e‘U > a fs sf s U eccŠU J'D @ J[,Ze,B < J\e @ Q ee_= Ca6Y:e_=\<\J\>?ec@ =\f M f a6YR9< J DRaQ U e`€> `af:DsN se_= e$e_UU JD J[J'GZ @ B e J'f @ = e e_J V D > U a6D YJ e!a C$A C = a6f U a` >?@ U5eec<>PJ YfEe ag =2e a6> ='fu s f ™™
s e$U D J[GZ B5J\@ e C @ e_U fs e_U f Y f c D <[J?O< F
V
R J< fC e>_> = D e a6anY DJ e e `a>a6f:U s` s > f:f sUC Y a6a6U=\J c:s e ade_UcKJe a6h Y f D =ke J'` @ eO< eF> f:ss e$U D J D eO< aU `B`$D <'> DRC Y D U e<rJ\@ a6VJ a6= e
a6JrJ'@ e s fs e_UJŠ@ D c@$YRZ
R Js f a3>PZ= e <\ane J cieFcKeO> <ofJrsKu s e_Z f Ue_v = C e heOe_= = DRse_U+e_> Ue J'<` anaJ U a ` a6ePU v aC YZaeO=< DRD s< C e_UaJ>?au YadD cK<oJ'eO< D< s a6U a3` Z!a= e > g f:e seO<os JŠf iu U e_ZBD U> J a6eOY’= >Ph eca:Y > a6e J D D f UiUc“Š< @ D >?@J'@ e f = e_J D > D a6Uc<
A f J'@ D Y< a DRs a pNe a6='u f U D e s I‚ f =\u D U c z = f e C C p ‚ z F2@ a<2M e eOU = e> e_UJ'YIZ eO<oJ a6McY D <o@ e ` y a V =?<[J s e ePJ D U ciD“ a<
@ e_Y ` anJ d h ;x§ D U § fnQ e s M e_= dkKk: a6U ` J\@ eFU ePv5J s e ePJ D U c D <Š<\>?@ e ` e$Y e ` anJ
j e_= sD Y a6M D U T e C J e s M e_= dkKkS C%< e e
a6U `
F 9 A,@ e]h]ea™
= f:C e a6U‘U e_J[“ f =\up ‚ z2§ hkA “ D YRY a6YRY f “ J f J a6iu e
J\@ eEM eO<oDJ a `aQ a6UJ aicie fih}D QJ B5J fs a D U:J a D U a6U ` <oJ\= e_U cJ\@ eOU D Uc< D’` e
hHe$= fC e‘J'@ ea>KJ DQ5D J D eO< fdh <oec>?@ c= f e C a6U ` D Uc>_= e a< e‘J'@ e fC$C f =\J\e$U D J D e< h f =!hHe$= fC e aUc<FJ f h e$YRYRTZ ePv C Y fD JJ'@ e
ePv C eO= DRs e_UJ aY h a:> D Y D J D eO<E='e$U$U D U c f eaJ?< D’` eh]e$= fC e C%8,h ` d D U d @ D U aYB d h T$; B j e_= sD Y a6.M B T$m | dD U J\@ e £ U D J e `
T J a6J eOL< B ¤ h ¤ŽD U « a C a62U F
B:aU ` J f J a6Ku e‘M ePJoJ e_= a `aQ aU:J adcKe fdh J\@ e DsC f =\J a6UFJ aU ` U eO“J eO>?@cU D > a6Y a C$C = f a:>?@ eO<
` e Q e_Y fC e ` aM$= f a `}9 A,@ e s a D U>?@ a= a:>KJ e_= D <oJ D >_< fdh J'@ D <U ePJ[“ f ='u2“ D YRYaM erJ'@ e D UJ eO= `$D <'> DRC Y D U a= D J[Z a6U ` J\@ erJ'= a D U D U c
anJoJ D J'e ` e CJ f!C = e C a= eNJ\@ eFU ePv5J
hHec= f:C e a6U cKe_U eO= a6J D f U fdhC @5Z5< D > D <[J?< a6U ` ePv C e_= Ds eOU:J?< D UJ'@ D < V e_Y ` F 9
!"$# %'&(*)+*,-
`badcKe Fw fih:jik
.*$&(!/ +0123("1' j
!#"$ /Y7 ,(+1
S(.1 Y; ](.*
A,@ ep ‚ z2§ h]A D < s e aUJŠJ f y
R a:<\< eO<'< f e$= C = eO< e_UJNp drq u5U f “ŠY e ` cKe fih J'@ eO< e€<oZa<oJ e s <LV
R f MaJ a D U D U h f = s a6J D f U a6M f eaJ,J'@ e€> f U V U e s eOUJ s e>?@ a6U D < s V
R ec^ < fae!` J'eO@ Y eOV < eB<\Za<[J e s <€J f0DRsC = fnQ eJ\@ e ` ePJ e_= sD U a6J D f U fih J\@ e h e$U ` a s e_UJ aY C a= a s ePJ eO='< fdh J\@ e T J a6U ` a= `
R ` e V U e aU aicie_U ` a fih0h e$J\e$= e s e a<\e$= e s e_UJ?<]J f J e<[J f e$=rJ\@ e f = ePJ D > aY C = e `aD >KJ D f Uc<V
R DC U = `ae D`$> D a6>PJJ eŠD f “ŠUc<@ D a>?=@ eEePiu v eOC Z!eO=J DRfs h e_eaUJ'Je$a= Y e ` a6a6U J @`aF>f f U e$c Y f` D U M c eVePaFv >PC YReOe = e,DRs J f e_Uf J'e$L< ={V ecU ` e_=?<oJ a6U `aD U c fdh p drq f ={“Š@ D >?@J\@ e f = ePJ D > a6Y
R s a6Ku e
J'@ eO< e D U h f = s anJ D f Uec< e h e$0Y a6U ` a Q a D Y aM$Y eEJ f c:= f e C <r“ f ='u D U canJŠJ'@ eFM f e$U ` a=\Z fdh J'@ D < C @5Za< D >_< 9
A,@ e<'> f:C e fdh J\@ D <€p ‚ z2§ h]A C = fC f < a6Y D <
J f @ a Q e€J'@ e C f <\< D M D Y D J[ZJ f J a6Ku eXJ'@ e s a6v DRs e s a `aQ a6UJ adcie anJ
J\@ e
h]e$= fC e a6UY e Q e_Y h = fs J\@ D < a>KJ DQ5D J[GZ B:M$e D Y ` = eO<\e$YJ'<J'@ anJk“ D YRY C = e C a6= e,ec<{J f J\@ e
U ePv5J ` eO> a ` e fdh e_v C e_= DRs eOUJ'<
“Š@ e_UhHe$= fC e
“ D YYM eNM a>?uJ f J\@ e2<[J adcKeGB D UJ e c= anJ eŠJ\@ eE> a6U `aD’` a6J e2> f ecU:J'= D eO< D UJ\@ e C = f6I e>KLJ B a `$` J\@ e
J'= a D U D U c
> f UJ e_UJ
J f J'@ D < D U D J D anJ DRQ e 9 A,@ D <EY a<oJ C fD UJE“ D YbY aYY f “ ec<
J f@h f = s J'@ eU ePv5gJ cie_U e_= anJ D f U fdhHC @5Za< D > D <oJ'< D U0J\@ D <
a6= e a aU ` J f anJ\J\= a>KJrM a>?u h = fs £NT | C e f:C Y eN“ f =\u D U c D U‘J'@ D < V eOY ` 9 A,@ eO< e>a6= eŠJ'@ eN= e a:< f Uc< h f =k“Š@ D >?@“ e
U e e `
a6UhHe$= fC e aU ; e< e a6=?>?@BA.= a D U D U c § e_J[“ f =\u f UBJ\@ D < C = f6I e>KJ 9
|
>_> f = `aD U cYRZ!“ e2@ a Q e h f e$U ` > f U Q eOU D eOUJkJ f‘` e V U e2< e Q e_U s a D UBJ fC$D >_< D U g e a6='u f U D e s C @5Z5< D >_<Oy
R ‘." 13‰f(+ ž 56O13(f‡( ž & \/ œ
R ‘." 13‰f(+ 5 " & œ
R ‘." 13‰f(+ ¡/21n(}… O(+ [/ R ‘." 13‰f(+ ¡*ˆ(+1 ž 1n5‡O(+ " ‡ 13 5‡€(+*E " .… " 1n… b(…. # / " 1 " :1n‡ \ b/
R ‘." 13‰f(+ ¡ … " R ‘." 13‰f(+ ]&+(f.… -.0} " … " 1n… b(}… # o
R 1n ž.ž (+13 .%O‡*ˆ(c1 " .… ‹!%O- !" 13‰+(f >
j f >= e a:>?@J fCcD >F“ eX@ a Q e D’` e_UJ DV e ` B a6U ` “ e€“ D YYiu e e CiD’` e_UJ D h Z D U c ` ec= D U c f e$= I f:D UJE= e< e a6=?>?@B“ f ='u B a!Y D <oJ
fdh <[J a6U `aD U c C e Y eO< aU ` fC e_U D <'<oe eO< a6U ` aY D <oJ fdh > f Uc>P= ePJ egaU ` = eOY e Q aUJ f M I eO>PJ DRQ e<rJ f M eF= e a:>?@ e ` y
R ‘." 13‰f(+ ž 56O13(f‡( ž & \/ œ
Ky
C D F `a<oDZa<\<o> J fne Q s e_='U< Z C D fiUch >_YJ'e @ `ae D U sc‘D > <\f < DU U V c = s a6¦J\ D f <[U J anfdJ h{eO<!` f M e$e_M$Y f J “h e$YJ\<o@$J = a6eOJ <\e@ O< f F
YV ` D U >?@ a6= s f U D e s B,M f JoJ f:s f U D e s a6U ` I J
C DD F a:>_>Pec= a6J e s e a<\e$= e s e_UJ'< fih < C$D U< C Y D J\J D U c:L< V
C DDRD F
f < Mce <ae_='= >?Q @ e `h f <=NfF@5h Z5aM$= = 9 DR` <oJ a6J eOL< B \ Bf“ D J\@ ePv f J D > g e a6UJ\e s U5e s M eO='L< B C = e `aD >KJ e ` M5Z0p drq BfM$eaJ2U e Q e_=
"!$#&%$')(+*,%.-&/021436587.%:9./(+;2%)<
>=
?=
=
=A@
`badcKe j fih:jik
~
jc= f:s J'@ e ePv C eO= DRs e_UJ aY C fD UJ fihcQ5D eO“UB3J\@ e sf <oJ D UJ e_= eO<oJ D U cE< e a6=?>?@ eO<.>Pe$='= eOUJ\YRZEecU ` e_=“Da3Zga6JA0e Q anJ'= f UMB
d h Ta; B58rh T Ba8k™ h a:>KJ f = D eO<k> f Uc> eO=\U sD <\< D U c< C$D UB< D U cY ePJŠ<[J anJ e<_y J 9 A,@ e2< e a6=?>?@ h f = I J e_v$> D J e `
<oJ a6J eO<,“ D YRY<[J a6=\J D UJ\@ eFU e a= h e$J\e$= e 9
Ky f MaJ a D U J'@ e< C eO>KJ'=\e s fdh >?@ a= sf U D e s B]M f JoJ f:sf U D e s a6U ` I J<oZa<oJ e s < h = f:s
p drq “ D J\@ ac f fa` > f U:J'= f Y f U J\@ e‘<\Za<[J e s anJ D >eO=\= f =?< 9– U f = ` eO=2J f a>?@ D e Q eJ\@ eJ'@ e f = e_J D > a6Y f M I eO>PJ DRQ e
J'@$= e e2Y D U eO<x“ D YRY M e h f YY f “ e ` y
C D F `$D = eO>PJxY a6JoJ D > ep drq < DRs e$Y anJ D f Uc<
C DD F §N; p drq Y anJ\J D > e€< Ds e$Y anJ D f U+<
C DDRD F C g f e J a6e_UUJ\J e D asbY s s f5eO`>?@ e_Y’a< U a6D > U a6` Y5J[= Z e_CY anexJ e > `a6Y’>Pa ecC$Y C a6= J f D f a:Uc>?@< eOC P<D UF 9 e
N eO>PJ DRQ e V eOY ` J\@ e f = D eO<Y D Ku e C+§
; p drq a6U `Qa§N; p drq B
A,@ e f M I eO>PJ DRQ e s a3Z D U C = D Uc> DC Y e€M eF= e a>?@ e `D U ` e C eOU ` eOU:J'YZM5@Z aUZ fdh J\@ e2J'@$= e eFY D U e< 9k– h J[“ ff = s f = e
Y D U eO< adc:= e e D UJ'@ e D =Š= eO<\e$YWJ?< h f = a c DRQ eOUB<oJ anJ eGB5J'@ e_= e2“ D YRY M e2U f!` f e$MaJ,J\@ anJŠ“ e V U a6YRYZ‘ecU ` e_=?<oJ a6U ` J\@ anJ
<oJ a6J e h = fs p drq B.“Š@ D >?@ s a3Z0“ e_YRY]M eB> f Uc< DR` eO= e ` aJ\@ e f = ePJ D > a6YHMc= e a6uJ\@$= f e c@ 9 A,@ D < D < e_v C eO>PJ e ` J f
@ a C$C e_U h f V= a h eO“ <oJ a6J eO< anJ,J\@ e Q e_='Z‘Y e a:<[J 9HV§ f J D > e2J\@ a6JŠJ f f MaJ a D Ui<\ec>?@ a= eO<\e$YJx“ eF<\@ f ecY ` M e a6M$Y e2J f
> fs M D U e aYYJ'@ e `aD N eO= eOUDJ e_v C eO=oJ D < eO< aU ` a6M D Y D J D eO< fdh J'@ e `aD N eO= eOUJ
<\>?@ f f YR< D U iQ f Y Q e `‘D UJ\@ ep ‚ z2§ hkA
aU ` “ eF<o@ f e$Y ` M e aM$Y eEJ f >_= e anJ ega<oJ\= f U c D UJ e_= a>PJ D f UB“ D J'
@ e_v C eO= DRs e_UJ aY D <[J 9
|NV< aY a:<[JŠ= e s a6='u‘“ ega `$` J\@ a6JŠJ\@ eFecU ` e_=?<oJ a6U `aD U c fih J'@ e g e a6='u f U D e s < C eO>PJ\='e s B anJ a C = eO> D < D f UY e Q e_Y B
= e C = eO< e_UJ?<€J'@ e < f Ye$J D f U h f =J\@ e < C eO>KJ'=\e s fdh a <oJ\= f U cYRZ > f e C Y e ` U f U |xM e_Y D aU J'@ e f =\Z aU ` s a3Z M e
fih ePv5J\= e s e D UJ eO= e<[J h f =E<oJ\e `aD e< C e_= h f = s e `iD U `$D N e_= e_UJ
J'@ e f = D eO< C Ta£EST ` B}<oJ\= D U c:P< FrJ\@ angJ ePva@ D M D gJ a‘U f Ua™
C e_=\J\e$='M a6J DRQ e2= e c DRs e 9
R ‘." 13‰f(+ 5 " & œ
T e Q eO= aY:U eO“ ` a6J a f UXM f J\J f:s f U D e s a6U ` >?@ a6= s f U D e sb` e> a3Za<.@ a Q ekM e e_U> f YRY eO>KJ e `XD UXJ\@ e,Y a<oJ h eO“ iZ e a6=?< 9
A,@ eU f Ua™ˆ= e_Y anJ DRQ5D <oJ D > e
N eO>PJ DRQ e V e_Y ` J\@ e f ='IZ a CcC = f a>?@ C = fnQD’` e<2J\@ eB<[J a6U ` a= I` h = a s e_“ f ='u D U “Š@ D >?@ J f
h a:>KJ f = D eF<\@ f =\JoR™ aU ` Y f U c6™ˆ= a6U cKeN> f UJ\= D M$e$J D f Uc< 9{– U ` e e ` B f U e fdh J\@ e V =?<[J
<\ec>_> eO<'< fdh{§
; p drq @ a:<,M e e_U
J f <\@ f “ J\@ e€= e_Y e Q aUc> e fdh J\@ e> f UJ'= D M$eaJ D f Uc< fdh4f >KJ e_J s anJ\= D v e_Y e s e_UJ?< D U@ e a Q Z g e a6='u f U D e s D Uc>_Ye+< DRQ e
` e> a3ZaD< a6U ` J f‘` e s f Uc<oJ\= anJ eEJ\@ e D =Š= f Y e D UJ\@ e€> a6U+> e_YRY anJ D f U fdh J\@ e D U h = a6= e ``aDRQ e_= cieOUc> e< 9
A,@ e V ='<oJ f M I eO>PJ DRQ eO< fdh J\@ e ` eO> a3Z“ f ='u D U cc= f e C “ D YRY.M eFJ fC = fnQ5D’` e2J\@ eX> f:ss e$U D J[ZB“ D J\I@ a!> fss f U
J'@ e f = e_J D > a6YY a6U c:e adcKeFa6U ` a6Ue C` anJ e ` < ePJ fih ePv C e_= Ds e_UJ a6Y ` anJ a 9 A,@ D < e
N f =\JE“ D YRYM e ` f >Pe s eOU:J e `0D U
J'@ e s a D UBM fa` Z fih J'@ e C Y a6U$U e `d h ;x§ ` e_YRY f “ ; e C f =oJ 9
C D F ‚ C §
e; “ p D YRdrY q ` eOB <'C+>P§
= D ;M e p D drU q J\@B 9Re99 FF> f“Šs@ s a6J f DU <Uh = f a D“ s a eO` “ a3f Z5=\<u u5Ufifh “ŠU Uf Uaa™ M = e_f Y eaanJ}J DJ'Q5@ D e<[J `aD Y> D N e
e_N = e_eOU>PJJ.DRQ@ e e a V Q e_Z:Y ™` g e J'@ a6e='uf f= D U eOD < e sfih ` p edr> a3q Z
f Mc< e_= Q a6M$Y eO< D UBJ'@ e f Y ` Y aU ce adcie fdhC @ eOU fs e_U f Y f c D > aY s fa` eOYR< 9
C DD F{jcM$== f:asUc>?@J\@ D U e c e_v = Ca6JeOD = f DRs< 9 e_U^ J ae Ycs < D’M ` e_eŠ=?< “ e,fdh “ J\D @YRY eC =p fa‚ ` ecz > eVaa= Ue e a6CfY’<` f a6J “ e `f ='a6u U D U ` c > f:f sU C J\Y @ e_DJ < eVDa6U U a6> YRf Z5U < I D <e$Ucfd>Ph J J'D @ f eU)s “ e D a:J'@ <oecJ'= @e `e
`ba6=\J D >PY e q anJ a z = f e C C e 9 c 9kd Y a6e `$D a`banJ'= D cU a6U D C z eOU fnQ a,F%F 9
– UBJ\@ D <x> fss f U h = a s eO“ f =\u!“ e2“ D YRY aU a6YRZ e s f = eE< C e> DV > aYYRZ‘J'@ e h f YRY f “ D U c>PY a<'< eO< fdh4f Mc< e_= Q a6M$Y eO< 9
C DDRD F f – =Uc` >Pe_YRec= < J Df Q e a>?` @ eOD > e a3Q Zae < g 9e – a6UUJ\J @ D J e anJh =DRQa es C eO= “ e f`a=\D >Ku J fiD f hU+§N< ; h f p =.dr@ e q a Q J\Z @ e g e s aa =\Du U f U `$D D e s>PecD UcYWJ >_D eYe+< <B:DRJ\Q @ e a6` J eOs > a3e+ZN<[JH“ M DR` e J\fn@cQ < eOD ='U> J ff s Y D e c@D U J
C a6=\J D >PY eO4< a6= ekJ\@ eŠM a ` > f U Q eO= cKe_Uc> e fdh J\@ e C e_=\J\e$='M a6J DRQ e,< eO= D eO< fdh J\@ e s anJ?>?@ D U cE> f e > D e_UJ'b< aU ` J'@ e
Y a= cKe]U5e s M e_= fih U f Ua™ C e_=\J\e$='M anJ DQ e s anJ'= D v e_Y e s eOU:J?]< CJ f M e V J\J e Y` f UFJ\@ e ` a6J a f => a6Y’>PecY a6J e Y` f UFJ'@ e
`badcKe Y~ fih:jik
%:3 ' %$/ ( 9:021
36587.%:9./(+;2%)<
Y a6JoJ D > eAF 9 A,@ e V =?<[J `aD >Pe$YJ[Z s a3ZFM e fnQ eO='> fs eGB D U C a6=\JLB6M5Z€= eP™—<oe ssD U cEY a= cKekY f fC > f ='= eO>KJ D f Uc< C fdh
J\@ e€= e_U f = s aY f U‘J[Z C eQFWBcJ\@ e€< eO> f U `@f U eFMZ s a6u D U ce+< e fih J'@ eFY f “,™ e_U e_= cZ h a>PJ f = D
a6J D f U h f = s e$Y a<
C = fnQ5D’` e ` M5Z Cc§
; p drq9 |
U@e_v5J e_U ` e ` a C$C Y D > a6J D f U fih J\@ eO< eNJ eO>?@$U DRg e e< D < C Y a6U$U e ` B5J f cie_J\@ eO=k“ D J\@
a@c:Y f M a6Y V J fih J'@ eU f U$™ C e_=\J\e$='M a6J DRQ e s a6J\= D vIe_Y e s e_UJ'< 9– U J\@ D <F= eO< C e>KJLB}J\@ e‘> f YRY aM f = a6J D f U “ D J\@
J\@ e drm h,[L e_v C eO= DRs e_ULJ B“Š@ D >?@ D <N>_e$=\= e_UJ'YZ C = f5` ec> D U c< D c:U DV > aU:JEU e_“ = eO<\e$YJ'< f UiM f J\J fsf U D e s
` eO> a3Z5L< Ba“ D YY}M e fdhC a6=\J D >PecY a= DRsC f =oJ a6Uc> e 9
C DQ F2U hHf vaU“ >_B Ye+D b< < DRa6Q U e f `J\@ eOeO> =a3Zaf < M 9 I eO| >PJ DRg Q e e afdUh J J\D J @ ane,J DU Q e_e J[“ ` feO<'=\>Pu = 9 DC hHJ vD f J e_U Ucfi< Dh f e_U vafi>_hYe+J'<@ DReQ e h a` >PeOJ f> a3= DZa
< anB}J D“Šf @UFD J>?e@ >?@$D < U D’h g ae=2eOM <eOJ Z f f e_U v$` >PYR= ece < a:DR>?Q @ e
C = f > eO<'< e< a6U ` > fsC Y ePJ e C @ eOU fs e_U f Y f c D > a-Y a C$C Y D > a6J D f Uc< a= e C Y aU$U e `}9 `ba=oJ D >_e$Y a6='YZ D UJ e_= eO<oJ D U c
ePv a sC Y eOV< a= e2J'@ e ` e> a3Za< fdh J\@ e>=2?A@ a6U ` @ D UJ f a Q eO>KJ f V= aU ` a C < eOe ` f ™ˆ<'> aY a= s e< f U C e 9 c 9 F 9
A,@ e ` e> a3Z =2? @ @ a:<J\@ eHY a= cKeO<oJ}M$= a6Uc>?@ D U c,= anJ D f fdh a6YRY6J[“ f ™ˆM f5` Z
@ a ` = f U D > =2? @ ` eO> a3Za< B“Š@ D Y e
J\@ e> f =\= eO< C f U `aD U c ` e> a3Z fdh J'@ e @ D < Q eO=\Zi< s aYY 9 A,@ e> fs M D U a6J D f U fih J\@ e< eJ[“ f ePv C e_= Ds e_UJ a6Y
h a>KJ?< h f = s <EJ\@ e‘< f ™—> aYY e ` C e Y e 9 ^ aU5Z fdh J\@ e f J\@ eO= Q e>KJ f =o™ C < e_e ` f <'> a6Y a6=E>?@ a6UcU e_Y’<2M eO@ a Q e
< DRsD Y a6='YZ 9 | cie_U e_= a6YRYZ a:>_> e C J e ` ePv C Y a6U a6J D f U fih J'@ e ` a6J a D <
<[J D YRY Y a:>?u D U c 9
C Q F J\; @ ane J eg < e ah f =\=u f = U a D `ae D s anJ DRD“ Q ea Q a6e U h e$` Uch>Pe$J DYRfY MU e_B:Y eOa6>PU J\= ` fs J'@ ade_c:Z U eP> Jf D U> J a` D eOBU > a3e_Z5v5<J\= > e as U e_YRM Z0eecec< <e e h ec` Y J D fU h Cf == sf M aneBJ D J\f @ U e f C U= fJ'C@ e_e=\J<oDJ\eO= < f U fic h
` Z5U a sD >_< 9 | g e a6UJ D J a6J DRQ e2e$U ` eO='<oJ aU `aD U c fdh J\@ e< e eOY e>KJ\= fs aicU e_J D > C = f > e<\< eOD< anJ aU a:>_>_e$= a:>PZ fih
M e_JoJ eO=J\@ aU w > a6FU e Q e_UJ\e aYYRZF< eO= Q e a::< aU DRsC f =oJ a6UJJ eO<oJ fih J\@ e f = ePJ D > a6Y C = e `aD >KJ D f Uc< h f =@ a ` = f U D >
C = f > eO<'< e< 9
R ‘." 13‰f(+ ¡/21n(}… O(+ [/ hHva> D J D U c C @ e_U f:s e_U f Y f c D > a6Y ` e Q eOY f:C$s e_UJ'< h f YY f “ e @` h = f:s J\@ eFa C$C Y D > anJ D f U fih§N; p drq J f‘g e a=\u f U D e s
C = fa` ec>PJ D f U 9 A,@ e §
; p drq h a>PJ f = D anJ D f YU a CcC = f a>?@ C = fnQ5D’` eO:< aN<oJ\= D u D U cga6U ` e_Y e c a6U0J e_v C Y aU anJ D f U h f =.J'@ e
Y a6= cie `aD = eO>KJ =2?A@ aU ` @KC F{>P= f <'<]< eO>PJ D f Uc< s e a<\e$= e `D U Z Z\ > f YRY D < D f UcR< a6J]J\@ eNj eO= sD Y aM0A e Q anJ'= f U 9T J D YY B
sf = eEJ\@ e f = ePJ D > a6Y “ f ='u a6U ` e_v C e_= DRs eOUJ a6Y D U h f = s anJ D f U D <ŠU e e ` e ` J fV = s Y@Z eO<oJ aM$Y D <\@BJ'@ e a CcC Y D > aM D Y D J[Z
fihŠ§N; p drq h a:>KJ f = D a6J D f U J f >?@ a6= s f U D e s C = fa` ec>PJ D f U 9 A,@ e@a6M+< eOUc> e fih J\= a6Uc< Q eO='< e_YRZ C f Y a6= D e ` =2?A@
s fs e_UJ\e s B D h > f U V = s e ` “ D J\@@ D c@ eO=]<[J anJ D <oJ D >_< ` anJ a4B> f e$Y `DRsC YRZ€J\@ anJ
aU ` @ C F4anJHY a6= ciekJ\= a6U+< Q e_=?< e J'@ eE> f U Q eOUJ D f U aY §
; p drqC f “ e_=,> f e$UJ D U cX='e$Y eO<k@ a Q e
J f M eE= e C Y a> e ` M5Z a6YJ eO=\U a6J DRQ e
<'>?@ e s e< B f =HJ\@ anJ
@ D c@ e_=\™ f = ` eO=Šp drq eN e>KJ?V< a6= egeO<'< eOU:J D aYJ f!` e<\>_= D M eEJ'@ e€< CcD Ua™ ` e C eOU ` e_U+> e fdh J\@ e€>?@ a6= s >P= f <'<,< e>KJ D f U 9
`]= f c= eO<'< D UJ\@ eŠ= e ` e+>KJ D f U fih e_v C e_= DRs eOUJ a6Y aU ` J\@ e f = ePJ D > a6Yae$Uc> e_=\J a D UJ D eO<{<\@ f e$Y ` aYY f “ h f = s f = e s e aUa™
D U c h ecY+J eO<oJ'< 9 LNU‘J\@ e
J'@ e f = e_J D > a6Y< DR` e,Ba< f:s e fdh J'@ e2= e g e D = e `D U c= e `$D eOU:J?< a= eNU ePv5J\™J f ™ˆY e a `aD U c6™ f = ` eO=H> a6Y™
>_e$Y a6J D f UcL< B= eP™—<\e ss a6J D f MU B:e$U ` eO='<oJ aU `aD U c fdh J'@ e f = D c D U fih Y a= cKeŠU f Ua™ˆY f cKa= D J\@ sD >rU ePv5J\™J f ™ˆY e a `aD U c6™ f = ` eO=
> f ='= e>KJ D f U+< a6U ` Y a6= cie f = ` eO=o™ F> f ='= e>KJ D f Uc< BcM e_JoJ eO= ` e_J eO= sD U anJ D f Uc< fih B aU ` Y anJoJ D > eX> f:sC eaJ a6J D f U fih
s anJ'= D v eOY e s eOUJ'< 9
8 f J'@2J\@ ekA e Q a6J\= f U C Z]Z2\ F a6U `Ft h ; '| C e C F > f YY DR` e_=?<}@ a Q e-a6YR= e a ` Z C = fnQ5D’` e ` iu eOZ ` anJ a f U€>?@ a= s f U D e s a6U `
M f J\J fs f U D e s C = fa` ec>PJ D f U€M5ZE“Š@ D >?@FJ\@ ekJ\@ e f = ePJ D > a6Y> a6Y’>PecY a6J D f Uc<.> f ecY ` M eHJ eO<oJ e ` 9 A,@ eRePv C e_= Ds eOU:J?0< a= e
U f “ eOUJ e_= D U c a< e> f U `‘C @ a< e fih.` anJ a€J a6u D U c4B5“ D J\@B< D cU DV > aUJ\YRZ D Uc>_= e a< e ` YRe sD U f < D J D eD< a6U `DsC = fnQ e `
D Uc<oJ\='e s e_UJ a6J D f U fih J\@ e ` ePJ eO>PJ f =?< 9 A,@ e ` a6J a€J f M e2> f YRY eO>KJ e ` “ D J\@ D UBJ\@ eEU e_vJ w KZ e a='<]“ D YRY aYY f “ h f D= a6U
s f:s eOUJ\e s FDa6U ` h f = C = eO> D < D f U s e a<\e$= e s e_UJ'<
e_vJ e_Uc< D f U fdh J\@ e€u D U e s a6J D >2= aU cie< B C e 9 c 9HD UJ\= a6Uc< Q eO='< e fih J\@ e C f Y a= D a6J D f UB<oJ a6J e< fdh J\@ e C = fa` ec> e `g e a6='u f U D a 9
A,@ e f = ePJ D > a6Y C = f c= eO<'R< aU ` J\@ e2“ e aYWJ'@ fih U eO“ g e a6='u f U D e s C = f5` ec>KJ D f U ` a6J a h = fs J\@ e h eaJ\e$= e€0A e Q anJ'= f U
aU ` t h ; | e_v C eO= DRs e_UJ'<X“ D YRY,Y e a ` J f ePv$> D J D U cBa6U ` > fsC = e_@ eOUc< DQ e C @ eOU fs e_U f Y f cB
Z a6U ` = e<oe$YJ D U a
s f = e2> fsC Y ePJ e a6U ` = D c f = f ec<re$U ` e_=?<[J a6U `aD U c fdhg e a6='u f U D e s C @5Z5< D >_< 9
`badcKe if h:jik
©
*ˆ(+1 ž 1n5‡O(+ " ‡ 13 5‡€(+*E " .… " 1n…b(…. # / " 1 " :1n‡ \ b/
R ‘." 13‰f(+ ¡
A,@ e s a D U f M I e>KJ DRQ e fih J\@ e T J aU ` a6= ` ^ f5` e_YŠJ fC$D > D <J f C = fnQ5D’` e@ D c:@ C = e> D < D f U ` ePJ e_= sD U a6J D f Uc< fih
T J a6U ` a6= ` ^ fa` e_Y C a6= a s e_J e_=?<]<\ec>?@ a:<HJ'@ exJ fC 5B M f JoJ fs a6U ` >?@ a6= s g e a6='u s a<'< eO<RaU ` J'@ e D =r<oJ\= f U cYa6U `
eOY e>KJ\= f “ e a6u > f e C Y D U c:< h = f:s¦g e a=\u f U D e s C = fC e_=\J D eO< 9 A f = e a:>?@0J'@ D <Ya DRs¦D J D <€U eO> e<\< a6='ZiJ f DsC = fnQ e
J'@ eB> f Uc> e C J'e a6Yke$U ` eO='<oJ aU `aD U c fdh J'@ e g e a6='u f U D e s¦` Z5U a sD >_<Fa6U ` J f0C = fnQ5DR` e‘> fsC e$J anJ D f Uc< a<€“ e_YRY
a:V< ePv C e_= Ds eOU:J a6Y ` anJ aJ\@ a6>J a6YRY f “ h f =xJ'@ eYe_vJ'= a:>KJ D f U fih J\@ e< e C a6= a s ePJ e_=?<Š“ D J\@ M ePJ\J e_= C = eO> D < D f U 9 A,@ e
= eO<\e$YJ'< fih J\@ D <
J fCcD > a= e DsC f =\J a6UJ h f =>aYY f J'@ e_=NJ f:C$D >O<xM eO> a6ec< eFJ\@ e_Zi> f U:J'= D M$eaJ e€J f a6U DRsC = fnQ e s eOU:J
fih J'@ e!J'@ e f = e_J D > a6Y]e$U ` eO='<oJ aU `aD U c fdh J\@ e g e a6='u f U D e sª` Z5U a sD >_<Ya6U `Bh f = s J\@ eM a< D < fdhx` ePJ e_= sD U D U c
f J\@ eO= C a6= a s ePJ e_=?<x“ D J\@ < s a6YRY e_=2e$Uc> e_=\J a D UJ D eO< 9 A,@ e= eO<\e$YWJ?<ga6= eFa6Y’< fBDRsC f =oJ a6UJ h f =2@ e a Q Z g e a6='u a6U `
eOY e>KJ\= f “ e a6u C @5Za< D >_< D I
U cie_U e_= a6Y 9 j f = D Uc<oJ a6U+> eGB+J\@ eM f J\J fs g e a=\u s a<'< D >< aB>P='ec> D a6Y D U C eaJ C a6= a s ePJ e_=
D UJ'@ e2J\@ e f = ePJ D > a6Y ` e<\>_= DRC J D f U fih.D Uc>PYRec< DQ e28 s eO< f U ` eO> a3Z5<r= e_Y e Q a6UJ h f =,J'@ e C = eO> D < e s e a<\e$= e s e_UJ'< fih
J'@ e dr¤ ^™ s a6J\= D v eOY e s e_UJ'< J aU ` a6JrJ'@ e€8 h a:>KJ f = D eK< C drm h,L B$8 a:D8 a6Q= B58 eOYY eQF 9
– U C a<oJ]iZ e a6=?< C = eO> D < D f U ` ePJ e_= sD U a6J D f Uc< fdh.T J a6U ` a= ` ^ f5` e_Y C a6= a s ePJ e_=?<{@ a Q exM e e_U> a6='= D e ` f eaJ s a D U$YRZ
ec< D U c g e a6UJ D J D eO<H“Š@ D >?@!“ e_= e C = e ` f:sD U aUJ\YRZ C e_=\J\e$='M anJ DQ e D U!U anJ\ec= e 9 j f = g e a=\u f U D aN> f Uc< D <[J D U c fih M f Jo™
s f =2>?@ a6= s g e a6='ua<ŠJ\@ e g e aU:J D J D e< s f <[J h = e g e e_UJ\YRZi> f Uc< D’` eO= e ` “ eO= e< C eO>PJ\= a6Y<oe s ='e$Y eOL< B D Uc>_Ye+< DRQ e
J f.
` e> a3Za< f =ŠJ\@ e s a:<\< eO< fdh J\@ eY f “ YRZ D U c‘= eO< f U a6Uc> eO< 9 LNUJ\@ e€J\@ e f = ePJ D > a6Y< D’` eFJ\@ e> f:sC eaJ a6J D f U aY J e>?@a™
U D’g e eO< h f =Š<oec>?@ g e a6UJ D J D e<,“ D YRY @ a Q eNJ f M eF= e V U e `D U f = ` e_=rJ f = e ` ec> eEJ\@ e€<\Za<[J e s anJ D >Ne$Uc> e_=\J a D UJ D eO< fih
J'@ e C = e `$D >PJ D f Uc< 9 LNUJ'@ e e_v C eO= DRs e_UJ aY+< DR` e
J\@ e
J a:<ou D JkJ f€C = fnQ5D’` e DRsC = fnQ e `` anJ a h f =]J\@ e< e g e a6UJ D J D eO< 9
| s f U c!J'@ e DRsC f =oJ a6UJ s e a:<oe$= e s eOU:J?<,J\@ anJNU e e ` J f M e s a ` e f = DRsC = fnQ e @` h = fs ` anJ a anJ C = e< eOU>J a6U `
C a:<[FJ ePv C eO= DRs e_UJ'Y< a6= e!J\@ e= a6J eO< h f = \a6U ` \ C = fa` ec>PJ D f U D U aU$U D @ D Y a6J D f U D U J\@ e“Š@ f Y e‘u D U eP™
s anJ D > a6YRYZ a>O> e<\< D McY eF= e c Ds eC8rh T ™ –o–o– B drm h,L
™ˆG> B+D8 aD8 aL= Bc8 eOYY eGB m h ` B « | q ]h FWBf= anJ D f < fdhHD Uc>PYRec< DQ eYa6U `
e_va>_Ye+< DRQ e g e a6='u f U D e s ` e> a3Z= a6J e< a6U ` J\@ e s a<'< eO< fdh iZ e_JEecU `aD <\> fnQ e_= e `ig e a=\u f U D e s <[J anJ eO<NJ\@ a6gJ a= e
C = e `$D >PJ e @` f UJ'@ e f = e_J D > a6Y c:= f e$U ` <Š<\ec>?@ a<rJ\@ e 9
|
U DRsC f =oJ a6UJ C a6=\J fdh J\@ eJ fC g e a6='u C @5Z5< D >_< C = f c:= a s a6JFJ\@ e
mD U e a6= d f YY D’` e_= D <EJ\@ e ` ePJ a D Y e `
<oJ\e ` Z fdh J fCg e a6='u C a D = C = fa` ec>PJ D f U anJ,J\@$= eO<\@ f Y ` 9 A,@ e C e_=\J\e$='M anJ DQ e s e_J\@ fa` <,ec< e ` a6U `B` e Q e_Y fC e `D U
J'@ D <}J f:C$D >H“ D YRKY aYY f “ h f =}J'@ e ` e_J eO= sD U anJ D f U fih J fC€g e a=\u s a<'< e9< a6U ` > f e C Y D U c:<“ D J'@ e_='= f ='< > f Uc< D’` e_= a6M$YRZ
< s a6YRY eO=J\@ aU a6JH@ a ` = f U> f YRY D’` e_=?<<oe+>?@ a:b< anJ]0A e Q anJ'= f XU C >q k B drq j F f -= a6J d h ;x§ C mtEd F 9– U= eO> eOUJKZ e a='<
<\e$Mc<oJ aU:J D aY C = f c= eO<'<@ a<HM e e_U s a ` e D UJ\@ exJ\@ e f = ePJ D > aYae$U ` eO='<oJ aU `aD U c fdh J\@ e,J f J a6YaJ fC J'@$= e<o@ f Y ` >_= f <\<
< eO>PJ D f U!M a:< e ` fdh J\@ eE> f Uc> e C J fih eN e>KJ DQ exJ\@ e f = D eO< 9.– J D < a6U a DRs J f h ec=oJ'@ e_= DsC = fnQ e C = e `$D >PJ D f Uc< h f =HJ'@ e
J f J aY}>P= f <'<k< eO>PJ D f UBJ fs a6Ku e C = e> D < e ` ePJ e_= sD U a6J D f Uc< fih J'@ eEJ fCig e a=\u C a= a s ePJ eO='K< C s a:<\L< B5J f J a6Y “ D’` J'M@ B
<oJ\= f U c aU ` e_Y eO>KJ'= f “ e au
> f e C Y D U c:P< F C f <\< D McY e 9}– U a `$`$D J D f MU B D J D < D UJ e_U ` e ` J fN` e Q e_Y fC J\@ eHJ\@ e f = ePJ D > aY3J f f Y’<
J f
C = e `aD >KJ `aD <[J'= D M$eaJ D f Uc< fdh J f:C` e> a3Z C = f5` ec>KJ?:< a6J.@ D c@ C = e> D < D f FU a6U ` J f <\Za<[J e s anJ D > a6YRYZEe$U ` e_=?<[J a6U ` J'@ e
eN e>KJ'< fdh J'@ eJ fC` eO> a3Z D UiJ'@ eU f Ua™ˆ= eOY a6J DRQ5D <oJ D > h = a s e_“ f ='u 9
t eO= eXJ\@ eFePv C eO= DRs e_UJ aYJ a<\u D <
J f a<'< e<\<
@ f “ŽY a= cKe<\Za<[J e s anJ D > aU ` <oJ a6J D <[J D > a6VY e_v C eO= DRs e_UJ aYŠe$Uc> eO=oJ a D UJ D eO<“ D YYŠM e a6U ` @ f “Ž“ eOYY,J fC g e a6='u
C = fC e_=\J D eO<,<\ec>?@ a< D J'< s a<'< a6U ` > f e C Y D U c:<,> a6UM e ` ePJ eO= sD U e ` M a:< e @` f UJ'@ e2J\@ e f = ePJ D > a6Y C = e `$D >PJ D f Uc< 9
| C a6=\J h = fs ec< D U c>a6U `€` e Q eOY f:C$D U c C e_=\J\e$='M anJ DQ e s ePJ'@ fa` < B aU DsC f =\J aU::J a6U ` >?@ a6YRY eOU c D U cVa DRs J\@ a6J<\@ a6YRY
M e C e$=?<oe e `BD UJ\@ e T J aU ` a6= ` ^ fa` e_Y J fC$D > D <,J f!` e Q e_Y fC J\@ e€> f U+> e C J\e a9Y a6U ` J e>?@$U D > aY D Uc<oJ\='e s e_UJ?<,J f
aYR< f ec< e g e a=\u f U D e s g e a6UJ D J D eO<k“Š@ e_= exU f Ua™ C eO=oJ'e$=\M anJ DRQ e e
N eO>KJ?D< a6= exY a= cKe_= h f = C = e> D < e ` ePJ eO= sD U anJ D f Uc<
fih}T J a6U ` a6= ` ^ fa` eOY C a= a s e_J eO='< 9 |rJ C = eO< e_UJ]Y anJoJ D > eN< Ds e$Y anJ D f U+R< a6= e,J\@ e s a D UJ f f YcJ f a>?@ D e Q eŠJ\@ D < a DRs
ec< D U c e D J\@ e_=,< DRs e$Y anJ D f Uc< D U h ecYYp drLq f = D U §N; p drqX95t eO= e
aFM e_JoJ e_=,e$U ` eO='<oJ aU `aD U c fih Y a6JoJ D > e
a6=\J D h a>PJ'<
aU ` ecU g e e_Uc>?@ D U c!<\@ a6YRY}M e a>?@ D e Q e ` 9
R ‘." 13‰f(+ ¡ … " T J'= f U c D UJ e_= a>KJ D f Ucg< a6= e a N eO>KJ e ` M5IZ a s e `aD e s yFJ\@ e D UJ eO= g e a=\u C f J e_UJ D a6Y D <F< fdh J e_U e ` B0aU ` J\@ e!= e aYW™
D a6J D f U fdh >?@ D = a6Yr<oZ ss ePJ\='Z > f ecY ` >?@ a6U cKe 90t e_Uc> eGB C a=oJ D >_Y e< C eO>KJ'= aIa6= e s fa`aDWV e ` 9–—sC f =\J aUJ fC e_U
`badcKe © fih:jik
k
g e e <[J D f Uc<-a6= ey.“Š@ anJ a6= e,J\@ eŠJ e sC e_= anJ\ec= e ` eOUc< D J[Z ` e C e_U ` eOUc> e< fih s a:<\< eO<baU ` “ D’` J\@c<LB a6U `sf = e cieOUa™
eO= aYYRZGB fdh J'@ e2< C eO>PJ\= a6Y h e$Uc>PJ D f Uc<LV q f M f e$U ` <[J anJ eO< ePv D <[J D UJ\@ e ` e> f U V U e `C @ a:< e,V ‚ @ anJ D <kJ'@ eNU anJ\ec= e
fih J\@ e = eO< DR` e a6YM D U `aD U c h f =?> e<8C D h a6U5ZYFWV ‚ @ anJ a6= eXJ'@ e DsC Y D > anJ D f Uc< f U C = f5` ec>KJ D f U s eO>?@ aU D < s <ga6U `
= na J Oe <LB aU ` B$Y a<oJŠM$eaJxU f JŠJ\@ eFY e a:<[JQBa“Š@ anJ a= eNJ\@ e ePv C eO= DRs e_UJ aY}< D cU anJ\ec= e< fdh J'@ e a6M fnQ e C @ eOU fs eOU a
d @ a = sf U D e s 6a U ` M f J\J f:s f U D e s C Y a3ZFaF< C eO> D a6Yc= f Y e D UJ\@ D <H> f UJ e_vJyJ'@ e_Z“ eO= e C = f:C f < e ` C^ anJ?<oe D a6U `
T 6a J © w F
a <YPe v C Oe = DRs _e UJ a Y C = f M Oe < h f = g e a=\uIcYRe f U C Y a:< s a h f = s anJ D f U 9 | ` e_J a D Y e ` e$U ` e_=?<[J a6U `aD U c
fih J'@ e D =XM _e @ a Q5D f = :a >P= f <'<EJ\@ e ` Oe > f U V U e s e_UJ€J\= a6U+< D J D f U D <FJ\@5ec< ePv5J\= e s e_YRZ DsC f =\J a6UJ D U Q5D eO“ fih J'@ e
f U c :f D U c a U `h eaJ\ec= e _e v C Oe = DRs _e UJ'<>na J ;xt
–\d 6a U `im.tEdN9 LNec= f M I eO>KJ DQ e D <xJ f c DQ e a6Uc<\“ e_=?<rJ f J'@ eYa6M fnQ e
g e e <[J D f Uc<{M5ZXec< D U Fc J\@ xe @ e a Q Z g e 6a ='u f U D e s C = f M e 9T ec>?@ a6U f M I eO>PJ DRQ ex> aUM e C e$='<\e e `f U$YRZ D Uc< DR` eN<oec>?@
Fa U Pe J[“ f ='uY6a U ` <\ec>?@ €a > f YRY a M f = 6a J D f U}y}J f h ecYYRZecU ` _e =?<oJ 6a U ` J\@ Ne M Oe @ a Q5D f e$= fdh pNe a=\u f U D e s D U s e `$D a2J'@ e
@ e a Q Z g e 6a ='u > f ss e$U D J[ZBa U ` J\@ ‘e J\@ _e = s af ` Z5U a sD >O<X> :f ss e$U D J[Z <o@ f e$Y ` > f:ss e$U D > a6J e@aU ` D U:J e_= a>PJLB
h f =Š“Š@ D >?@BJ\@ e p ‚ z2§ h]A f N Oe ='< a Ua Y sf <[JŠe$U D’g e e f CcC f =oJ'e$U D J[Z 9
R ‘." 13‰f(+
]&+(f.… -.0} " … " 1n… b(}… # o
r| J C = eO< e_UJ,J\@ e drm h,L ePv C e_= Ds eOU:J a6J d f ='U e_YRY9a6U ` J'@ e€8Da8Da6=VaU ` 8 eOYY e€8 h a:>KJ f ='Z ePv C e_= Ds e_UJ?<Š@ a Q e
a:>_>Pe s e$Y anJ e ` < a sC Y eO< fdh f UXJ\@ e f = ` eO= k e Q eOU:J?<4anJJ\@ e8C G F= e< f U a6Uc> eGB a6U ` e Q e_UY a= cKe_=< a sC Y e<:a= e
e_v C eO>PJ e ` anJN8 e_YRY eYa6U ` 8Da:8 a= h = f:s ='e$Uc< anJ
@ D c@ e_=
YRe sD U f < D J[Z D U J\@ eX> fsD U c‘Zie a6=?< 9,T f h a=LB s ec>?@ fih
J'@ e h f >Pec<ba6J{8 eOYY eVa6U ` 8Da8Da6=@ a:<M e e_U f U< e a6=?>?@ e< h f =
Q5D f Y anJ D f U.B6M$eaJ{J'@ eŠ@5e cieŠ<oJ anJ D <oJ D >_< C = fnQ5D’` eO<
a c:= e anJ fCcC f =oJ'e$U D J[Z0J f < e a6=?>?@ h f = s a6U D h eO<oJ a6J D f Uc< fdh U eO“ C @Za< D >O< D U = a= e ` e> a3Za< fih J'@ e8C G F 9– U
a `$`aD J D f MU B:Y a= cKex< a sC Y e< fdh}` a6J a anJ]J\@ e8C FWB ? 'S “ e_= e f M$J a D U e ` M5Z drm h,L D U dkKk:a9 A,@5ec< h a6=QB
= e_Y anJ DQ e_YRZXY D J\J\Y exJ\@ e f = ePJ D > a6Y+“ f =\u@ a<]M e e_U ` e iQ f J e ` J f eOYec> DR` anJ D U c€M e_Z f U ` ™J'@ eP™—<[J a6U ` a6= ` ™ sfa` eOY e
N eO>KJ?<
D U g e a6='u f U D e s ` eO> a3Za< 9
LNU e C f <'< D M D Y D J[Z ePv C Y f = e `0D U = eO> e_UJ C a C e_=?<F> f U+> e_='Uc<NJ\@ e C f <'< D M$Y eePv D <[J e_Uc> e fih Y D c:@J2M f J\J f:s < g e a=\ua<
aU ` Y D c@J cYRe D U f < 9.– h J'@ e s a:<\< fdh J\@ e
M f JoJ fs < g e a6='u5< D <kY e<\<]J\@ a6U‘@ aY h9fih J\@ a6J fih J'@ e8C F
BJ'@ e_U!J'@ e
> f e$Y `‘` eO> a3Z `$D = eO>PJ\YRZJ f a C a D = fih M f JoJ f:s < g e a=\ua<{“ D J\
@ aFM$= a6Uc>?@ D U c h = a>PJ D f UJ'@ anJŠ> f e$Y ` M ega<HY a6= cie
a:< k 9– h J\@ eNM f JoJ f:s < g e a=\u D <]= e_Y anJ DQ e_YRZ<oJ aM$Y eGBM f e$U ` <oJ a6J e<k> a6U h f = s fdh J'@ eO< e2< g e a=\u C a D =?< B a6U `
J'@ e > f e$Y `‘` e> a3Z= a `aD a6J DRQ eOYZXJ f M f ecU ` <oJ anJ eO< fdh M f J\J fs < g e a6='ua< B adcKa D U!“ D J\@BM$= a6Uc>?@ D U c h = a>PJ D f Uc< D U
J'@ eX= a6U cKe fdhV k 9Ed e$='= eOU:J ` anJ a h = f:s @ a ` = f U aU ` h = fs > f YRY D’` e_>= ePv C e_= Ds e_UJ?< ` f U f J ePv$>PYRe ` e
Y D c:@J,M f J\J f:s < g e a6='u5< 9
A,@ e V eOY F` fdhg e a6='u f U D e s <oJ\e `$D e<> f e$Y ` M eDc= e a6J\YRgZ e_U$@ aUc> e ` M5ZFJ'@ e `aD <'> fnQ e_='Z fih U eO“ C @5Za< D >_<< D c:U a6Y’< D U
g e a=\u f U D e s ` eO> a3Za0< aU ` f =J\@ eDePv D <[J e_Uc> e fih M f e$U ` <\Za<[J e s < fdh < g e a6='ua< 9d f Uc> e_=\J e ` <[J'e `aD eOb< a= erU e e ` e `
J f e_YRec> DR` a6J eFJ'@ e f = e_J D > aY C f <'< D M D Y D J D eO>< a6U ` a6Y’< f J fs fa` e_:Y ePv C e_= Ds eOU:J a6Y< D cU anJ\ec= e< fdh J'@ eXM e_Z f U ` ™ J\@ eP™
<oJ aU ` a6= ` ™ s f5` e_Y ` e> a3Za< 9 ^ f5` e_Y D U c= e g e D = eO<x>_Y f < e D UJ eO= a:>KJ D f U fih J\@ e f = D <oJ'V< aU ` ePv C e_= Ds eOU:J e_=?< B a6U `D J
D < a6U a>PJ DRQD J[Z‘J'@ anJŠ“ D YYM e€> a6='= D e ` f eaJ D Uc< DR` e2J'@ ep ‚ z2§ h]A 9
R 1n ž.ž (+13 .%O‡*ˆ(c1 " .… ‹!%O- !" 13‰+(f >
| >P='ec> D a6DY a< C eO>KJ fdh p drq h = fs M f J\@ a C = a>PJ D > aY aU ` h e$U ` a s e_UJ aY,Y e Q e_Y B D <€J'@ e D UJ eO= C Y a3Z M ePJ[“ e e_U
C e_=\J\e$='M a6J DRQ e a6U ` U f Ua™ C eO=oJ'e$='M anJ DQ e C @Za< D >O< 9 A,@ e g e a=\u f U D e s <\Za<[J e s < B4a<2@ a<FM e eOU ` e s f U+<[J'= a6J e `
fnQ e_=J\@ eŠY a<oJJ\@ D =\J[ZXiZ e a6=?< B6< D Uc> erJ\@ e `aD <'> fnQ e_='Z fdh J\@ e =2? @ = eO< f U a6Uc> eGB D <e$U D’g e e_YRZ C Y a> e ` J fFC = f M e,M f J\@
a:< C eO>PJ'< fdh @ a ` = f U ` ZU a sD >O< 9 ^ f = e fnQ e_Q= B eN e>KJ DRQ eJ\@ e f = D eO< fdh J'@ e!<[J'= f U c D UJ eO= a:>KJ D f _
U CY D Ku e §N; p drq F
a C$C e a6= e ` a4< aN> f Uc< e g e eOUc> e fdh J\@ ex<oJ\e ` Z fdh @ e a Q Z g e a=\u f U D aYBM a< e F` f UJ\@ erecU ` e_='YRZ D U c h a>PJ f = D anJ D f U fih
C @5Za< D >O< D UJ f J\@ e C e_=\J\ec=\M a6J DRQ e a6U ` U f Ua™ C e_=\J\ec=\M a6J DRQ e C$D eO> e< B a:>_> f = `aD U c€J f J'@ e `aD N eO= eOU:J eOU e_= cZ‘<'> aY e< 9
|rJ C = eO< e_ULJ B9a:>_> eOY eO= a6J f ='<
Y D iu e d h Ta; anJ d f ='U eOYY BJ\@ e@ D c@a™ˆYRe sD U f < D J[Z 0A e Q anJ'= f IU anJFj eO= sD Y aMM B}8,h T D U
8 e D I[D U c4B t h ; X
| a6J q h ST ` B a6U ` 8 h a>KJ f = D e< anJ T$m | d a6U ` ¤ h ¤ a6= ea6YR= e a ` Z C = fnQ5D’`aD U c ec<!“ D J\@ a
@5e cKeYa s f ecU:J fdh]` a6J a h f =xJ'@ e<oJ\e ` Z fdh]g e a6='u f U D a C = fa` e+>KJ D f U s e>?@ a6U D < s 8< C%<\ec>?@ a:<xJ'@ e C f Y a6= D anJ D f U
`badcKe kYfih4jKk
i
fihrV U a6Y™ˆ<oJ a6J e!= eO< f U aUc> e<OF
B ` e> a3Z C = f > eO<'< e< C e D J'@ e_= fdhxg e a6='u f U D e s f = D UJ fg e a6='u f U D e s <[J anJ eO<PF a6U `
< C e >KJ'= f <\> fC Z fih U eO“ <oJ anJ eO<CY D uie sD <'< D U c \ aU ` \!<oJ anJ eO< aU ` I Js eO< f Uc<PF 9 ‚ D J\@)J'@ D <“ e aYWJ'@ fih
e_v C _e = DRs eOUJ a6Yc= e<oe$YJ'<LBU e_“NePv C e_= Ds eOU:J a6Y a6U aYZa< D <-aU `h e$=\J\@ e_=HJ'@ e f = e_J D > aYc<[J'e `aD eO< a6= eŠe$= cie_UJ'YZU e e ` e `
J f a ` e g e a6J eOYZ D UJ eO= C = ePJ2J'@ D <€= D >?@0• f “ fdh,D U h f = s anJ D f U 9 A,@ D <2“ D YY]M e> fs e e Q e_U sf = e a C$C a= eOUJE“ D J\@
J'@ e a `aQ _e UJ fdh J\@ e m.tEd na J d h ;x§ B$“Š@ eO= eF8 C @5Za< D >O<UC D Uc>PYRe `aD U cJ\@ e€<[J'e ` Z fih M f J\J f:s f U D a aU ` = eOY a6J e `
C @5Za< D >O<OF2“ D YRY C Y 3a Z 6a U DRsC f =oJ a6UJX= f Y e D U D J'<<\> D eOU:J DWV > C = f c:= a s B.J\@ e_= e_M5ZBaYY f “ D U c C = eO> D < D f U J e<[J?< fih
J'@ e T J 6a U ` 6a = ` ^ af ` _e Y 9– U@a `c`aD J D f UMB `aD < e_UJ a6U c:Y D U cX< D c:U a6Y’< fih U e_“ C @5Za< D >O< h = fs M a>?u c:= f e$U ` <LB D Uc>PYRe `aD U c
J'@ f < xe = _e Y e Q 6a UJk> f UJ\= D MceaJ D f Uc<-Pe v C e >KJ e `h = fs J\@ e T ^ D J'< e_Y h B5= e g e D = eO<-aU a>O>Pe$= anJ eŠe$U ` eO='<oJ aU `aD U c fih J'@ e
<oJ\= f U c D U:J _e = a >PJ D f U ` Z5U a sD >_<“Š@ Oe U e Q _e =@ a ` = f Uc< C 6a =\J f Uc< C D 9 e 9g e a=\ua<4a6U ` c:Ye f Uc<PF0a= e D U Qif Y Q e ` B e D J\@ e_=
D U J\@ e D U D J D 6a Y B V U 6a Yk<[J na J ,e B f = e Q _e U D U:J _e = s e `aD na J ‘e <[J na J e < C e 9 c 9 J'@ e> f UJ\= fnQ eO='< D aY0c™ Bs e f UTaU fs a6YRZYF 9
jce$=oJ'@ _e = sf = Ge B h eaJ'e$= ,e e C c = a ` e ` h a > D Y D J D Oe <{<\ec>?@F:a < drm hrL
™—>Ra U ` 8,h T ™ –\–o– B 6a U ` U _e vJ\™ cK_e U Oe = a6J D f U s a:>?@ D U eO<
<\ec>?@ a <kY D U e 6a =r> f YRY DR` Oe ='<LB“ D YRY+ecU ` f ecMaJ e ` YZ!M _e U e V J h = :f s 6a U DRsC = nf Q e ` u5U f “ŠY e ` cKe fdh p drq ` Z5U a sD >_<]J f
h e$YRYRZYPe v C Y f D J{J\@ e D = C @5Za< D >_< C f J _e UJ D 6a Y 9 A,@ e c f a Y fdh J\@ e j$eaJ'e$= Ne L C$C f =oJ'e$U D J D Oe < c = f e CD <{J Ff D’` _e UJ D h Z€J'@ e
_e v C _e = DRs Oe UJ 6a Y s e :a <oe$= e s Oe U:J?< a U ` a U 6a YRZa< D < a U ` J'@ e f = _e J D > 6a Y> a YR>_e$Y na J D f U+<ŠJ\@ na J 6a = e sf <oJEY D ui_e YRZJ f@f N _e =
J'@ e c = e 6a J Oe <oJ C = f c = Oe <'< D U g e 6a ='u f U D e s C @5Z5< D >_< 9
; e :a >?@ D U c f e$= f M I e >KJ DRQ e <E“ D YRYJ\e$='U f eaJ2J f M !e = Oe Y e Q 6a UJ h f =2J\@ e = Oe < e a ='>?@ :a >KJ DQ5D J D Oe < na J2J'@ e M f = ` Oe = fdh f e$=
V e_Y ` M f J'@ D UBJ\@ e f ='Z 6a U `D UPe v C _e = Ds _e UJ?< 9 A,@ D <,“ D YRY @ a Q e>6a U DRsC a >KJ f U= Oe < e 6a =?>?@ V Oe Y ` <,Y D ui2e 8 s Oe < f U ` Oe > 3a Za<
a6U ` d ` Q5D f Y 6a J D f UB<oJ\e `aD e <B T J a U ` 6a = ` ^ af ` _e Y C @Za< D >O<B C @Za< D >O<,M Oe Z f U ` J'@ e T J 6a U ` a = ` ^ af ` Oe Y 9
‚ egPe v C Oe >PJrJ f M e a M$Y Ee J f = e :a >?@‘= Oe <\e$YWJ?<rJ\@ 6a JŠ“ D YRY}M e fih = _e Y e Q 6a U+> e D U ciOe U _e = 6a Y h f = V _e Y ` J'@ e f =\Z!M f e$U ` <oJ 6a J e
> a6Y’>PecY 6a J D f Uc<g6a U ` h f =EU _e “ e N e >KJ DQ e V _e Y ` J'@ e f =\Z h f = s e$Y 6a J D f Uc< 9 A,@ D <2“ D YY{@ a Q eFa U DRsC a >PJ h f =gPe v a sC Y e 6a Y’< f
h f =2pEh q @ D c @ f = ` _e =ŠM f e$U ` <[J na J e > 6a Y’>PecY 6a J D f Uc<C C f < D J\= f U D e s B s e f U D e s Bc@5Z ` = f ciOe U a U `s e f U D >F@5Z ` = f ciOe U2F 9
‚ e Pe v C Oe >PJJ f c a D U D Uc< D :c @:J D U J'@ e U f Ua™ C _e =\J\e$='M na J DQ e ` ZU a sD >O< fdh p drq BJ\@ e J'= a Uc< D J D f U “ D U ` f “ M Pe J[“ e _e U
“ e 6a u5YZ 6a U ` <[J'= f U c YRZ> f e C Y e ` = e c D f U+<BcJ\@ e <oe ss na J D f U fdHh C _e =\J\ec=\M 6a J DRQ Xe > f UJ\= D M$eaJ D f U+<B+J\@ e = _e U f = s 6a Y D
na J D f U
c = f e CBDsC = nf Q e s Oe UJ f UBM f e$U ` <oJ 6a J ,e B5J\@ 2e = _e U f = s 6a Y f Ua s M D :c e D J D Oe <D6a U ` J\@ e s e >?@ 6a U D < s fdh > f U V U e s Oe UJ 9 |xYRY
J\@ e < e a = e Pe v5J\= e s _e YRZ= Oe Y e Q a UJR6a U ` @ f J D <\<\e e <-6a Y’< fgh f = sf = eVcK_e U Oe = a YaJ\@ e f = D e <J\@ na J `$D < C Y 3a ZFFa U f Ua™ C Oe =oJ'e$=\M na J DRQ e
= e c DRs 2e Y D uKFe <oe C _e =?<\Z ss Pe J'= D >NJ\@ e f = D e < 6a U ` <oJ\= D U c < 9
!#"$ 1 ;E( Y; K1 /4; ; - <; 7 a3 ( /Y7 S(.1
4
A,@ D < C = fI eO>PJ C = e< eOUJ'< Q eO=\ZBe$U D’g e e a6U ` U fnQ e_Y h e anJ\ec= e< 9,T ec>?@a h f >Pec< e ` B a s M D J D f ec<LB f M I e>KJ DQ e f = D e_UJ e ` a6U `
s $e YJ D ™ˆ> fsC f < e `C = fI eO>PJ D <2U eO“ D U J\@ D < V eOY ` 9 A,@ e g e a=\u f U D e s “ f ='u D U cc= f e C > f =\= eO< C f U ` <NJ f a= e_Y e Q a6UJ
U e e ` 9 A,@ e D’` e a fdh J\@ D < D U D J D anJ DRQ e CJ\@ e p ‚ z F@ a< f = D c D U anJ e ` D U h]e$= f:C eaU ` J\@ D <‘U e_J[“ f =\u “ f e$Y ` @ eOY C
D U s a D UJ a D U D U c C a6=\J fih J\@ eY e a ` e_=?<o@ DRC a6U ` C a6=\J fih J\@ e f e$J'> f:s e D Uc< D’` ehHe$= fC e 9 |xU f J\@ eO= f = D c D U a6Y C f:D UJ
fdh J\@ D < C = f6I e>KJ D <2J\@ e‘> f UJ a sD U a6J D f U a6U ` J'@ e‘> f YY a6M f = anJ D f U D Uc< D’` e ai<oJ\='ec>KJ'e$= e ` <\> D eOUJ DV > C = f6I eO>PJ fdh,Q e_='Z
`aD N e_= e_UQJ B+< C e> D a6Y D e ` a6U ` > f:sC a6=\J s e_UJ a6Y D e ` = e< e a6=?>?@B<'>?@ f f Y’< a6U ` J e>?@$U D’g e eO< 9H‚ D J\@J\@ D <ŠU ePJ[“ f ='u‘“ e a= e
C eaJoJ D U c D U > f UJ a>PJ a6U ` f = cKaU D _D U c f U J'@ e < a s e C = fI eO>PJ C e f:C Y e“ f ='u D U c D U > fsC e$J anJ D f U a6Y C @Za< D >O< a6U `
Y a6JoJ D > e€< DRs e$Y anJ D f Uc< B C eO=oJ'e$=\M anJ DRQ e2Y f fC > aYR>_e$Y a6J D f UcL< B e
N eO>PJ DRQ e V e_Y ` J'@ e f = D eO<LB C @ e_U f:s eOU f Y f c D > a6Y a CcC = f a>?@ e<B
V e_Y ` J\@ e f ='Z U f Ua™ C e_=\J\e$='M anJ DQ e s ePJ\@ f5` < B{U5ec>_Y e a6= C @5Za< D >O< B C = eO> D < D f U > aYR>_e$Y a6J D f Uc< 9 |xU ePv5J\= e s e_YRZ = D >?T@ a6U `
M$= f a ` C @5Za< D >OY< eOU Q5D = f U s e_UJ D < C = fa` e+> e ` D U J\@ D <XD“ a3Z 9 A,@ D < B f U J\@ e f U e@ aU ` B D <M a ` YRZ U e e ` e ` D U f = ` e_=
J f a:>?@ D e Q e= eOY e Q aUJ a `$Q aUc> e D U J\@ e V e_Y ` B f U J\@ e f J'@ e_=@ aU ` D <€J'@ e s f <[J<oe D J aM$Y e h = a s e‘J f J\= a D U Z f e$U c
<[J'e ` e_UJ?< a6U ` e a6='YZ = eO< e a='>?@ e_=?>< aU ` J fiC = e C a= eJ'@ e s J f ` f = eO< e a='>?I@ e D J\@ eO= D U J'@ D <€J f:C$D > f = D U aUZ f J\@ e_=
f U e 9kV§ f J D > e2J'@ anJ
“ e s a3Z a>?@ D e Q eEJ\@ e< e€>?@ a6YRY eOU c D U cc f a6Y’< f U$YRZM eO> a6ec< eF“ e a= e2“ f ='u D U c f U a Q e_='Z h f >Pec< e `
= e< e a6=?>?@ C = f c= a s CJ\@ e C @5Z5< D >_< fihg e a6='u f U D e s F4aU ` > fs M D U D U cYaYYcJ\@ e>ePv D <[J D U cFa C$C = f a:>?@ eOb< aU ` J eO>?@$U D’g e eO< 9
‚ eM eOY D e Q e‘J'@ anJJ\@ D < D <J\@ e f U$YZ D“ a3Z0J f = e a:>?@ <oZa<oJ e s a6J D > a6DY a `$Q aUc> e D U J\@ e<[J anJ e fdh a=oQJ BJ\@ a6J D < anJXJ'@ e
s f:s e_UJ ` f:sD U a6J e ` MZ s a6U5Z= e< e a6=?>?@ c:= f e C <Š@ D c:@$YZ< C e> D a6Y D e ` a6U ` h = aic s e_UJ e ` J\@c= f e c@ f eaJ a6YRYhHe$= fC eGB
`badcKe K>fih4jKk
a6U ` U f J aY“Da3Za< D U `aD = e>KJ> f UJ a:>KJX“ D J\@ ePv C e_= Ds e_UJ?< 9 A,@e+<X“ e ePv C eO>PJXJ\@ anJJ\@ eBU fnQ eOYWJ[Z fdh J'@ e D’` e aIa6U `
J\@ e‘U anJ\ec= e fih J\@ e C = fI eO>KJ“ D YRY]M e<\ec>?@ J f c:e a6= a6UJ e e a Q5D < D M$Y e a `aQ a6Uc> e s e_UJ D U J\@ D < V e_Y ` a6U ` ai> fssf U
M a< D <]J\@ anJ,“ D YRY = e Q e a6Y$J f M e C = e> D f ec<k“Š@ eOU‘J\@ eNU e_v5J cKe_U eO= a6J D f U fih ePv C e_= Ds e_UJ?<]“ D YY > fs e D UJ f fC e_= anJ D f U D U
hHe$= fC e 9 |
U f J'@ e_=gc f fa` C fD UJ fihRf ec= C = fI eO>KJ D <NJ'@ e h a>KJEJ\@ anJ D J D <gePv5J\= e s e_YRZJ DRs e_YRZGB ` e eXJ f J'@ e h a>KJEJ\@ anJ
ePv C eO= DRs e_UJ aY ` anJ aa6= eEU f “> f:C$D f ec<\YZ C = fa` ec> e ` a6U ` e Q e_U sf = e2“ D YRY}M e s a ` e a Q a D Y aM$Y e D UJ'@ eFU e a6= h eaJ'e$= e 9
LNU e fdh J\@ e Dss e `aD anJ eFJ a:<oua< h f = f ec=xU ePJ[“ f ='u‘“ D YYM eFJ f > f Uc<oJ\='ec>KJ a!> fssf UY aU ce adcie aU ` a!> fssf U
D UJ eO= h a:> e f U f U e@ a6U ` M ePJ[“ e eOU ePv C e_= Ds eOU:J a6Y D <oJ'< aU ` J'@ e f = D <[J?<a6U ` f U J'@ e f J'@ e_=@ aU ` a6JJ'@ e D UJ eO= h a:> e
M e_J[“ e e_U `aD N e_= e_UJ `aD <'> DRC Y D U e< c9 ^ f = e fnQ e_Q= B+M5Z ` fD U c< f a6U ` J a6u D U c a `aQ a6UJ adcie fdh J\@ e= eO<\e$YWJ?< f MaJ a D U e `0D U
f e$= \jceaJ\ec= eXL C$C f =\J\e$U D J D e<ŠA f:C$D > “ e2“ D YRY M e a6M$Y e
J fD Ua•+e e_Uc> eEJ\@ e ` e< D c
U a6U ` J\@ e€> f U+> e C J D f U fih J'@ eFU ePv5J
cie_U e_= anJ D f U fdh hHe$= fC e aU e_v C e_= DRs eOUJ'< 9
|xU f J\@ eO= f = D c D U a6Y C f:D UJ fdh J'@ D < C = fI eO>KJ D <XJ\@ anJ D J!> f:s M D U eO<XJ\@ eh]e$= fC e a6TU aU ` > a6U `aD’` a6J eBJ e a s < D U a
> f YRY a6M f = anJ DRQ e C = f6I e>KJxJ'@ angJ a6YRY f “x<xec<xJ f J aiu eYa `aQ a6UJ aicie D U a‘<oJ\='ec>KJ'e$= e ` D“ a3Z fdh J'@ eYe_v C eO= DRs e_UJ aY h a> D Y D J D eO<
=\e$UcU D U c f eaJ?< D’` e€hHec= f:C e C8rh TBD U d @ D U aYB ¤ h ¤ D U « a C aMU B$j eO= sD Y aMM B T$m | d a6U ` d Y e f!D U £NT K| F a6U ` J f f N e_=
J\@ eFM eO<oJŠJ\= a D U D U cJ ff e$=ŠZ f e$U c<oJ\e ` e_UJ'< D Ui> f U:J a>PJ,“ D J\@J'@ e s f <oJ a `aQ a6U+> e ` <'>?@ f f Y’< D UJ\@ e V e_Y ` C £NT K| F 9
LNU e fdh J'@ e < C e> DV > D J[Z fih J\@ D < C = fI eO>KJ!“ D YYŠM eJ f >_= e anJ ea <oJ\= f U c = e< e a6=?>?@ C fD UJ D U)J\@ D < V eOY `)D U J'@ e
> a6U `aDR` anJ eE> f e$UJ\= D e< CJ\@ e ¤ = au f “,™ maI e$McY I aU aNJ e a s F{J'@ anJ,“ D YRY D UJ eO= a:>KJ D U<[J'= D >KJ,> f UJ a>KJ D U+< D’` exJ'@ e2hHe$= fC e aU
U ePJ[“ f ='Yu a6U ` J f “ a= ` J\@ e
| s e_= D > a6U aU `« a C a6U e< e,U fa` eR< aU ` M e> fs eVaU a6JoJ'= a:>KJ D f U C fD UJ fdh e a=\YRZX<oJ adcKeVa6U `
ePv C eO= D e_U+> e ` = eO< e a6=?>?@ eO='< D UJ'@ e€Rh a:<[VJ a6= e a 9
!#"$ &)(+*,(.-0/2143 ( Y3 7
– U f = ` eO=J f a>?@ D e Q eHJ\@ eDa s M D J D f e+<0c f aYR<> f U:J a D U e `XD U f ec= f M I eO>PJ DRQ eO< C< e e T eO>KJ D f U8 9l F
Bn“ erU e e ` J fgfC J DsD
e
J\@ e s eO= c D U c fdh D U h f = s anJ D f U+<]> f:sD U c h = f:s aFY a6= cie Q a= D ePJ[Z fdh e_v C e_= DRs eOUJ a6Y a6U ` > a6Y’>PecY a6J D f U aYaJ e>?@$U D’g e eO< 9– U
“Š@ anJ h f YY f “x<B5“ e€<ouKePJ?>?@‘J\@ e s a D U= eO< e a='>?@ s e_J\@ fa` <Š“ e a6= egc fD U cJ f ec< e 9
7 % œ "$# .#" O(+ "$# O53-. 5‡!% A,@ e s a D U f Mc<oJ a:>PY eJ ff e$=Xe$U ` eO='<oJ aU `aD U c fdh J\@ e‘<oJ\= f U c D UJ eO= a:>KJ D f Uc< D <FJ\@ e‘Y a>?u fdh ai< s a6YRY C a= a s ePJ eO=2J f
> a6='='Z f eaJkJ'@ e C eO=oJ'e$='M anJ D f U ePv C aUc< D f .U B a6JrY f U c `aD <[J a6Uc> eO< C f =kY f “ e_U eO= c:ZYF 9HT J D YRY B D U‘J'@ eE> a< e fih @ e a Q Z g e a6='u
“ eF@ a Q e
a C a6= a s ePJ e_=,“Š@ D >?@ D <x< s a6YRY BaJ'@ e Q eOY f > D J[Z fdh J\@ e g e a=\u BaM e D U c!U e Q e_=\J\@ eOY e<\<rJ'@ eF= eO<\e$YWJ fih J'@ e h e$YRY
<[J'= f U c D U:J e_= a>PJ D f U 9– J D <r> f U Q e_U D e_UJHJ f M$e D Y ` e C e
N eO>KJ DQ exJ'@ e f = D eO< fdh p drq J\@ anJ a= e e g e DRQ aY eOUJkJ f p drq M$eaJ
h e$YYR
Z ePv C Y fD J
J'@ e< DRsC Y DV > anJ D f U ` e eJ f J'@ eU f Ua™ˆ= e_Y anJ DRQ5D <oJ D >FU a6J\e$= e fih J\@ e<\Za<[J e s a6U ` a6= eYe_U ` f “ e ` “ D J'I@ a
<oZa<oJ e s a6J D > C f “ e_=€> f e$UJ D U c D U 9 A,@ D << DRsC Y DWV e<X> f Uc< DR` e_= a6M$YRZ J'@ e‘M f e$U ` <[J anJ e C = f M$Y e s aU ` B s f = e fnQ eOL= B
MZ D UJ e c= anJ D U c f eaJ,J\@ eE@ D c:@ e_U e_= cZ!<\> a6Y e
aU ` e+< D U c= eOU f = s a6Y D anJ D f U c= f e C J eO>?@$U DRg e e< D U f = ` e_=kJ fC = f5` ec> e
J\@ e€hkj"A anJ,J'@ eFY f L“ e_U eO= c:Z<'> a6Y eGBa“ e a6= e a6M$Y e2J f h a>PJ f = D e a< s ec>?@ a< C f <'< D M$Y eGB D U a>_Y e a6U a6U ` <\Za<[J e s anJ D >
“ a3,Z BnJ\@ e
U f Ua™ C e_=\J\e$='M anJ DQ e e
N eO>PJ'< 9‚ e C Y a6UJ f a C$C YZXJ\@ exU e_N“ e
N eO>PJ DRQ e V eOY ` J'@ e f = D eO< C Cc§
; p drq B Qa§N; p drq F
` e Q e_Y fC e ` M5ZU e_J[“ f =\u s e s M eO='<ŠJ f a!> f:sC = eO@ e_U+< DRQ eF<oJ\e ` Z fdh J\@ e g e a6='u f U D e s C = f:C eO=oJ D e< C%< C e>KJ'= a4B ` eO> a3GZ B
C = fa` e+>KJ D f .U B ` e> f U V U e s eOU:WJ F 9 `H= eO> D < e V J?< a6= eJ f M e C e_= h f = s e ` a6J!< fs e<[J adcKeaU ` J'@ D <“ D YRYŠM e ` f U e D U
<[J'= D >KJBJ f e+>?@ “ D J'@ e_v C e_= DRs eOUJ a6Y D <[J= eO< C f Uc< D McY e h f = ` anJ a a6U aYZa< D < 9 T e+>?@ C = f c= a s D U KQ f Y Q e<J\@ e <[J'e ` Z fih
= eOU f = s a6Y D anJ D f FU c= f e C J eO>?@$U D’g e eO< f UJ\@ e
M f e$U ` <oJ anJ eGB:@ D c:@ e_= f = ` e_= C e_=\J\e$='M a6J DRQ ex> aYR>_e$Y anJ D f U+< Bia C$C = fC = D anJ e
J\= e anJ s e_UVJ a6U ` <oecMaJ\= a>PJ D f U fdh = e_U f = s aY f @U a s M D ce D J D eOD< aU ` U e_“J eO>?@cU DRg e e< a6U ` > f Uc> e C J'<rJ f!` e Q e_Y fC J\@ e< e
e
N eO>KJ DQ e V eOY ` J\@ e f = D e< D U€J'@ er> fsC Y ePJ e]U f Ua™ C e_=\J\ec=\M a6J DRQ eH= e c D f U CU f U C e_=\J\e$='M anJ DQ e s anJ?>?@ D U cSF 9 A,@ e f eaJ?> fs e
D <
J fBC eaJ D U `aD = eO>KJE= eOY a6J D f UJ'@ e g e a=\u f U D e s C = f:C eO=oJ D e<x“ D J\@iJ'@ ep drq h e$U ` a s e_UJ aY C a6= a s ePJ e_=?< 9Š– U0< fs e
< D J\e a6J D f UBJ\@ eFY anJ\J D > e€> a6Y’>Pe$Y anJ D f U fdh U f Ua™ C e_=\J\ec=\M a6J DRQ e f M I e>KJ?<,“ D YRY M eFU e e ` e ` J f J\@ D V< a Ds BaM$e$JŠJ\@ e s anv DRs a6Y
h a>KJ f = D anJ D f U fih J'@ e C e_=\J\e$='M a6J DRQ e C a=oJ D < a:>?@ D e Q e `0V ='<oJ D U J'@ eBhkjA aU ` J\@ eB> fsC Y ePv D J D eO< C a6U ` J'@ e!J Ds e
<\> a6Y eQF fdh J\@ eFY anJ\J D > eF> aYR>_e$Y anJ D f U a6= eEJ\@5ec< ` = a s a6J D > a6YRYRZ‘= e ` ec> e ` 9
`badcKe 3 fih4jKk
OS
– U Q5D e_“ fdh J'@ e `aD >Pe$YJ D eO< fih a= e aY D <[J D >NY anJoJ D > e V U D J e€A"a C$C = f a>?@ h f =Š@ e a Q Z g e a=\u‘<\Za<[J e s <B D Jx“ f e$Y ` M e
Q e_='Z!@ eOY C h ecY J f M$= D U c §N; p drq J\@ eO= sfa` Z5U a sD >_<rJ f J\@ e€< a s eEY e Q e_Y9a:< §
; p drq e$U ` e_= f = `aD U a=\Z!> f U `aD J D f Uc< 9
§
; p drq J'@ e_= s fa` Z5U a sD >_< D <xY a6= cieOYZa6Uie$U ePv C Y f = e ` J eO=\= D J f ='Z@aU `f U e fdhbf e$= c f a6Y’<Š“ D J\@ D UiJ'@ ep ‚ z2§ hkA
D <,J f a `$` = eO<'< D J?< ePv C Y f = anJ D f U 9
7 ’ƒ " OO œ
m anJ\J D > eFp drq s ePJ'@ fa` D< a6= exec< e `!D U S “ a3Za< 9 C aSFJ'@ e `$D = eO>PJ a CcC = f a>?@MBec< D U c= eOY a6J DRQD <oJ D > f = xg e a=\ua< 9 A,@ eO= e
@ a Q eM e e_U = eO> eOUJF<\ec>O> eO<'< eO< D U > a6Y’>Pe$Y anJ D U cBJ\@ e‘>?@ a6= sf U D e s < C e>KJ\='e s f U a6U D < f J\= fC$D >Y a6JoJ D > e< D UJ\@ D <F“Da3Z
M$eaJrJ\@ e
J D UZY anJ\J D > eN< C a:> D U cF= e g e D = e ` h f =]J'@ e
M f J\J f:sD <r> fsC e$J anJ D f U a6YRYRFZ e_v C e_U+< DRQ e 9 C%2M F §N; p drq y §
; p drq
D <E< DRs ecY a6J e ` f UJ\@ eY anJ\J D > e 9 ^ a I f = C = f c:= e<\<Š@ a<x\ M e eOU D UiJ\@ e V eOY ` fih < C eO>PJ\= f <'> fC Z a6U ` aB> aYR>_e$Y a6J D f U fih
C f J eOUJ D a6Y’<rJ\@ a6J
> a6UM eFY D U$iu e ` J f p drq Q5D a Cc§N; p drqX9
e_Y eO>KJ'= f:s adcU ePJ D > ` eO> a3Z‘“ DR` J\@c< D < f U c fD U c 9 CL> F
A,@ e s a D U<oZa<oJ e s a6J D >
e$U+> e_=\J a D UJ D e<k< fYh a=k“ e_= e
ecU$= e a6Y D <oJ D > aYYRZ@ e a Q Z f =kU f < e a g e a=\ua< a6U ` J\@ ega6M+< eOUc> e
fdh = a `aD a6J DRQ e> f =\= eO>PJ D f Uc< D UJ'@ e C e_=\J\e$='M anJ DQ e s a6J'>?@ D U cM ePJ[“ e e_U §
; p drq aU ` p drq B.> a6Y’>PecY a6J e `D U Y anJ\J D > e
= e ce$Y a6= D anJ D f Uc< 9– U‘M f J\@> a< eO<J'@ e_= e
@ a<{M e eOU‘= e s a6='u aM$Y e C = f c= eO<'< fnQ eO={J\@ e C a<oJ h eO“ s f UJ\@c< a6U ` a ` = a:<[J D >
= e ` ec>KJ D f U fih <\Za<[J e s anJ D >Ee$U+> e_=\J a D UJ D e< D D< e_v C eO>PJ e `BD UJ\@ eFU e a6= h e$J\e$= e 9
A,@ e V U D J eAY anJ\J D > e a C$C = f a>?@ h f =N@ e a Q Z g e a=\ua< h a:> e<,J\@ e>?@ a6YRY eOU cie< fdh Y anJoJ D > e€@ D c@J e sC eO= a6J\e$= e€< C e>K™
J\= f <'> fC Z> f:s M D U e ` “ D J'@ >?@ a6YRY eOU cie< C f < e ` M5Zi@ e a Q Z g e a=\ua< 9Ft e_U+> eGB = eO<\e$YJ'< h f = g e a6='u f U D e s < C eO>PJ\='e s anJ
@ D c:@J e sC e_= anJ'e$= eŠ<oJ D YYc@ a Q ekJ f M e f MaJ a D U e `}9.– UJ eO= a:>KJ D f Uc<M e_J[“ e e_UY a6JoJ D > e,J\@ e f = D <oJ'b< a:>KJ DRQ e D UJ'@ e_= s fa` Z5U a s ™
D >O<2“ D J'@J'@ f < e D U KQ f Y Q e ` D U@ e a Q Z g e a6='u < C eO>PJ\= f <'> f:C Zi“ D YRYHM e e<\< e_UJ D aY h f = h e$=\J\@ eO= C = f c= eO<'L< B aU ` “ eY f f u
h f ='“ a= ` J fC = f5` ec>KJ DQ e D UJ eO= a:>KJ D f U+<,“ D J'@ D UJ'@ ep ‚ z2§ h]A 9
7 R›/F-.5( ( # (f„+ "$# "$# .#" O(+‡
d a6Y’>Pe$Y anJ D f Uc< D U C @ e_U fs e_U f Y f c D > aY s f5` e_Y’<x“ D YY.M e Q5D J aY D U f = ` e_=,J f <\e cicKeO<oJŠJ f e_v C e_= DRs eOUJ a6Y D <[J?< C = DQ5D Y e cie `
“ D U ` f “x<“Š@ e_= erJ f Y f f u h f ={U e_“ <[J anJ e< f =J fFs e a<\e$= e ` e> a3Za< 9 A,@ e< ex> a6Y’>Pe$Y anJ D f Uc<“ D YRY$M e C eO= h f = s e `XD U!<[J'= D >KJ
> f UJ a>KJN“ D J'@iJ\@ eYePv C eO= DRs e_UJ aY D <oJ'< 9 `H@ eOU fs e_U f Y f c D > aY B5J'@ e f =\Z f = D e_UJ e ` B+> a6Y’>Pe$Y anJ D f Uc<Š“ D YY.M e a6Y’< f = e_Y e Q a6UJ
D UJ\@ e€<[J'e ` Z fih @ e a Q Z D f U> f YRY D < D f MU B g e a6='u f U D e s h f = s a6J D f U a6U ` <\e C$C = eO<'< D f U 9
7 7 i " Œ & !" 13‰+(f. " (+1 " O(+)% 5…. " … ž 1n 5‡
; eO< f U aUc> e‘<'> aU$U D U c D U ` e `aD > anJ e ` e 4e ePv C e_= Ds eOU:J?<€D“ a<2J'@ e s f <[J h ='e D J h e$YŠ< f e$=?> e fih
` anJ a f U \ a6U ` \
g e a6='u f U D aB< D Uc> eJ'@ e `aD <'> fnQ e_='Z fdh =2? @ aU ` <oJ anJ eO8< V.J\@ D <2Z D eOY ` e ` J'@ e V =?<[J e Q5D’` e_U+> eO< fih aYY Q e>KJ f =F<[J anJ eO<
M eOY f “ fC e_U • a iQ f =2J'@$= eO<\@ f Y ` Bba<€“ e_YRY a:<2J\@ e `aD <\> fnQ eO=\Z fih J\= DC Y ePJ ` <[J anJ eO< C J F 9 – U J\@ eY a<oJ G iZ e a6=?< B
J\@ e<[J'e ` Z fdh @ e a Q Z g e a6='u f U D ae$U ` eO=\“ e_UFJ ai= e_U a D <\< a6Uc> eGB4aY< ePv C eO= DRs e_UJ'<8,h T a6J8 e D I[D U cBa6U ` drm hrL
™ –o–\–
s f U D aa6U ` M f J\J f:s f U D aYB= e< C eO>PJ DRQ eOY,Z B“Š@ D >?@ a= e
anJ d f =\U e_YRY C = fa` ec> e ` U e_“ = eO> f = ` < a sC Y e< fdhxQ eO>PJ f =>?@ a6= >Pe$='= eOUJ\YRZecU ` e_= aU a6YRZa< D < 9 |
U ` aU f = ` eO= fih]s adcU D J'e ` e D Uc>_= e a< e D IU a Q a D Y a6M$Y e ` a6J a f U Q eO>PJ f =2>?@ a= s f U D a D <
ePv C e>KJ e `D UJ'@ eFU e a= h eaJ\ec= e,B h = f:s drm h,L
™ˆ
> a6U ` 8,h T ™ –\–o–K9
– U sD’`0K k D U< B a d h ;
§ ePv C e_= Ds e_U[J C ;Nd~ k6G F C$D f U e eO= e ` J\@ eFePv C Y f = anJ D f U fih >?@ a6= s f U D e s QD aUZ Z \ a6U$U D @ D Y an™
J D f U}y,J'@ eXJ eO>?@$U DRg e e“ a:<ŠJ\@ f = f e c:@$YZ ePv C Y fD J e `iD UiJ\@ e i© k D >< anJ2j e_= sD Y a6.M Bf“Š@ e_= e D J2Z D eOY ` e ` J'@ e s f <[J C = e> D < e
s e a<\e$= e s e_UJ'< f U0J'= DRC Y ePYJ `”<oJ anJ eO< a Q a D Y a6M$Y e!< fh a6= 9 |xU aYZa< D < fih J'@ e s f <oJF= e> e_UJ ` a6J aBJ aiu e_U Z D eOY ` e ` a6Y’< f
J\@ e V =?<[
J e Q5DR` e_Uc> eO< fih J\@ e ` e_J eO>PJ aM D Y D J[Z fih >?@ a6= s f U D e s <oJ anJ eO< e Q eOU D U0< f:s eX@ a ` = f U D > V U aY<oJ a6J eOL< B ` eO< C$D J e
a6U fnQ e_='“Š@ e_Y sD U cU f U = eO< f U aU:JxM a>?u c= f e$U ` 9 A,@ eX= eO> e_U>J a CcC = fnQ aY fdh J'@ eF`baU ` a C = fC f < a6Y J f M$e D Y ` a6U aUa™
J DRC = f J f UB= D U c a6J zFTa– C q a6= s <[J a ` WJ Fr“ D YR9Y a6YRY f “ J f M$= D U cM a:>?u!J f h]e$= f:C eNJ\@ D <rJ eO>?@$U D’g e eGB5J f <[J'e ` ZB>?@ a6= s f U D a
“ D J'@@ D c:@<oJ a6J D <[J D >O< a6U `BD UU e_“ C@ a ` = f U D L> F ` ePJ eO>PJ D f Ui>?@ a6UcU e_Y’< 9
=
=
`badcKe SYfih4jKk
_G
q e < C$D J e,J'@ e a:>?@ D e Q e s eOUJ'< ` eO<'>P= D M e ` aM fnQ eGBnJ'@ e ` e `aD > anJ e ` ePv C e_= Ds e_UJ?< `aD’` U f JRaYY f “ < f
h a6={J f = e a>?@€J'@ e
h e$YY< C e>KJ\='e sfdh ePv C eO>PJ e ` M f e$U ` <oJ anJ eO< 9 A,@ eX< e a='>?@ fdh{sD <'< D U cB<[J anJ e< Q5D a!<\> a6U$U D U c D < D U eN e>KJ DRQ eXM e> a6e+< e
fdh J\@ e D =ŠU a=\= f “ “ D’` J\@aU ` fih J'@ e `aD >Pe$YJ[Z D U= e a>?@ D U ca6YRY9a6YRY f “ e `Bg e a6UJ\e s U5e s M e_=?< D U h f = s anJ D f U 9
d f sC Y e s e_UJ a=\Z< e a6=?>?@ s ePJ'@ fa` <Da6= exJ'@ e_UU e e ` e ` B aU ` aYc= e a6J C = f c:= e<\<]@ a< f >_>Pec=\= e `!D U‘J'@ e2Y a:<[JrZie a6=?<B
a < ` e <\>_= D M e `D UJ\@ eFU ePv5J C a6= adc:= a C @ 9
7 i " Œ & !" 13‰+(f. " /213(… 6%(f) (c-.1 ž 1n 5‡
A,@ e@5e cKe@a s f e$UJ'< fih
` anJ aiJ a6uieOU D U 8 e a6e$J[Z h a:>KJ f = D eO<LBJ f ciePJ'@ e_=“ D J'@ J'@ eB= e_Y anJ DQ e_YRZ0Y a6= cie> f e C Y D U c fih 8
J f >?@ a= s f U D a@ a<€Y e a ` J f J'@ e V =?<oJ DsC f =\J aU:J= e<oe$YJXM5Z 8 eOYY eGB“Š@ f0D U ikik aU$U f e$Uc> e ` J\@ e `aD <\> fnQ e_='Z fih
J\@ eY f U cB< f e c:@J f ='M D J a6Y0ePv$> D J a6J D f U fih J\@ e C < eOe ` f <\> a6Y a6=Vc:= f e$U ` <oJ anJ e 9 |< eO> f U ` = eO<\e$YWJQB aU$U f e$Uc> e ` M5ZJ'@ e
8 eOYY eN> f YRY aM f = a6J D f U a h eO“ sf UJ\@c<]Y a6J eO=LB5> aU‘M5Z D J'< e_Y h Y e a ` J f a€U e_“ `aD <'> fnQ eO=\ZXJ f f Y h f = sD <'< D U c>?@ a6= sf U D e s
<[J anJ e<_yJ\@ e f Mc< e_= Q anJ D f U fdh aUecU ePv C eO>KJ e ` YRZY a= cKerZ D e_Y ` fdh}` f ecM$Y ex>?@ a6= s f U D a D U aU$U D @ D Y anJ D f Uc<LBKa6YRY f “ e `
J f f M$J a D U a< eO> f U `BD U:J'= D ce D U ce QD’` eOUc> e fdh J\@ e sD <'< D U c J 9
CY e a –`H`$U0D= U eOM c> f D <JJoefJ fsJ\s @ e fe a:U s<oD e$a4e = Ba:e J\<os @ eceOe= U:e @5sJ?Z< eOC fdUeOh
J'= < V V fdU U h eeiJ\< @ < C CeFY Y D D@5J\JoJ Z J D DCU U e_c:c= g< < V a6U a= eF<e < “ ePC v eOY DCYJoY eJ D>Ka:U J < ce `O<V FD='J <oaf J = eFMf Mce>_=\< aece_= > h Q D a:aan>KYfJ J D Jf f eO= U <oJ'S <fdh2< h sf T =,a6J\a6YRY@ U eOe2`L= B J\`@aUe f“` = a ePJ'Q J@ Dee!> a< < YD e U sa6c=?Yf5>?eP`@ J!e_fd<[Y’< Jh 9anJ'J @ eOe<
c= f e$U ` <oJ a6J e C < e_e ` f <'> aY a= D <XU f “ @ f JoJ e_=XJ\@ aU e Q eOL= B.“ D J'@ h e_“ D UJ\= D c:e D U ce Q eOUJ'< h = fs m h ` ePv C eO= DRs e_UJ'L< B
a6U ` J\@ f = f e c:@
@ a6U a6YRZ5< D <kecU ` e_=
“ a3Z!M5Z drq j a6Jxj e_= sD Y a6M a6U `idrm hrL a6J d f ='U e_YRY 9
7 œ( ž# 5 " 1n?& -.i5… (f* # ( "$# "$# &}‡%‡
A,@ e C Y a6U fdh anJ\J a>?uJ f §
m L aU `§N§
m L > a6Y’>Pe$Y anJ D f Uc<2= e g e D = eO<2@ D c:@ <oJ a6J D <[J D >O< ` anJ a B D U f = ` e_=EJ fis e a<\e$= e
C a6=\J D a6Y a6U ` J f J aY“ D’` J'@cb< anJ{M ePJoJ e_=J\@ a6U w Y e Q eOY 9 ^ f <[4J ePv C e_= Ds e_UJ?< ` f U f -J a>KJ'e a6YRYRZ s e a<\e$= eHJ\@ e g e aUJ D J D eO<
J\@ a6J> aU€M e C = e `aD >KJ e ` M5ZEJ\@ e f ='8Z BMceaJ<\e s < f = C = fa` ec>PJ'< fdh J[“ fVf = s f = e fdh J\@ e s9 |
YU a>O>Pe$= anJ e ` e_J e_= sD U anJ D f U
fdh J\@ e f = ePJ D > a6YRYZ C = e `aD >KJ aM$Y e C @5Z5< D > a6Y f Mc< e_= Q a6M$Y eO<= e g e D = e<J\@ e_U a J D c@JB> f ™ f = `aD U anJ D f U M ePJ[“ e eOU `aD N e_= e_UJ
s f U c s e a<\e$= e s e_UJ'< 9 ^ie$YJ D’`aDs eOUc< D f U a6Y V JoJ D U c fih J\@ ega Q a D Y aM$Y e
ePv C eO= DRs e_UJ'L< BJ f e Q a6YRe anJ exJ'@ eE> f ='= eOY a6J D f UcR< a ` anJ aYB a ` e e C aU ` a>O>Pe$= anJ eVe Q aYe a6J D f U fih M f J\@<[J anJ D <oJ D > a6U ` <oZa<oJ e s a6J D > e_='= f =?< B a<H“ e_YRY a<]J\@ e D =,> f =\= e_Y anJ D f Uc< B
a6= e D U `aD < C eOUc< aM$Y eE= e g e D = e s e_UJ'<rJ fs aiu e C = eO> D < D f U<oJ\e `aD e< f UJ\@ eO< e2<\Za<[J e s < 9
A,@ e
> f:sC Y e s e_UJ a= D J[ZXM ePJ[“ e eOUJ\@ e s e a<\e$= e s e_UJ'<]>Pe$='= eOUJ\YRZXM e D U cFJ aiu eOU!MZ<\ec>?@ a Q a6= D e_J[Z fih ` e `aD > a6J e `
a6U `)s ecYWJ DC ec= C f < eePv C e_= Ds e_UJ?< I ec<oJ DV eO<‘J\@ eiU e e ` J f @ a Q ea “ e_YRVY eO<oJ aM$Y D <\@ e ` U e_J[“ f =\u fih = e C = e< eOU:J anJ DQ e
C eO='< f Uc< f IU e a:>?@ ePv C e_= Ds e_UJ 9d fss e$U D > anJ D f U+>< a s f U c e_v C e_= DRs eOUJ a6Y D <[J?
< aU ` J'@ e f = D <[J?
< e_Uc<\e$= eFa6IU e > D e_UJ
J[“ f ™ D“ a3Z• f “ fihD U h f = s anJ D f U 9
7 } #%" O%(f‡X*ˆ(c1 1n N 1n( ž " " # %O%5‡
– U C e_=?< C eO>PJ DRQ eGBfJ'@ e!hHe$= fC e aU > fs eOM a>?u D U J\@ D < V eOY ` “ D YRYec< e@ a ` = f U D > s a>?@ D U e< C mtEd a6U ` zFT5– FWB“Š@ eO= e
a>_>_e$= anJ e ` eO< D c:U fdh J\@ e f U$Y D U eN< e_Y eO>PJ D f U‘>P= D J e_= D a>C D 9 e 9 J'= D cicKe_=?O< F D <]> fsC e$Y’< f ='Z€J f = e I eO>PJHJ\@ eNY a= cKeŠ= a6J e< fdh < fdh J
C @5Z5< D >_<,M a:>?u c:= f e$U ` < 9
q e< C$D J e a0J\@ f = f e c@ e$U ` e_=?<[J a6U `$D U c fdh J'@ e0p drq M a>?u c= f ecU ` D <>P='ec> D aY h f =J'@ e<oec>O> e<\< fdhNt
D cKc:< a6U `
<oe C e_=?<\Z ss ePJ'=\Z < e a='>?@ eO
< anJ€|{A m | T aU ` d ^ T B9a<E“ e_YR-Y a< h f = a:>_>Pec= a6J e T ^ s e a<\e$= e s e_UJ'g< anJ m.tEd MM B J'@ e
<[J'e ` Z fdh @ e a Q Z g e a=\u f U D a C = fa` e+>KJ D f U s eO>?@ a6U D < s < B a<{“ e_YRY a:< I J < C e>KJ\= f <'> f:C GZ B D < fdh < eO> f U ` a=\Z C = D f = D J[Z h f =
J\@ e< e e_v C eO= DRs e_UJ'L< B aU ` J\@ eFJ'= D cicKe_=?<,= e g e D = e ` M5Z‘J'@ eO< eX<oJ\e `$D e<x“ D YY.e$U ` eO= c f > a6= e h ecY<\>_=\e$J D U,Z B$U f JxJ f a N e>KJ
J\@ e e > D eOUc>PZ f UBJ\@ eF@ D c:@ C = D f = D J[Z ` anJ a<oJ\= e a s < 9
LNUFJ\@ e f J'@ e_=< D’` e,B3J\@ eD` | §Nq | > f YRY aM f = a6J D f U anJ zFT5–}D < C = e C a6= D U cVax@ D c@<[J anJ D <oJ D >_< ` e `aD > a6J e ` ePv C e_= Ds e_UJ
f U >?@ a6= s f U D e s y D U J\@ D <X> a< eGB D J D <FU eO> eO<'< a=\Z J f @ a Q ea ` ePJ a D Y e ` < Ds e$Y anJ D f U fih J'@ e ` e_J eO>PJ f L= B D U f = ` eO=2J f
J\@ f = f e c@$YRZ!e$U ` e_=?<[J a6U ` a6U ` fnQ e_=?> fs e
J\@ e€<\Za<[J e s anJ D >EY DsD J'< fih J'@ e ` ePJ eO>PJ f V= aU ` fdh J\@ e s a>?@ D U e 9
`badcKe OFG fih4jKk
"
w
A,@ e mt2d e_v C eO= DRs e_UJ'<H|{A m | T aU `‘d ^ T “ D YY a6YRY f “)>P= f <'<[™—>?@ eO>?ua< f UJ'@ eEp drq M a< e ` J\@ e f = ePJ D > a6Y sfa` e_Y’<
J\@ a6J“ D YRY e s e_= cie h = f:s J\@ e aU a6YRZa< D < fdh J'@ eŠ> e_UJ'= aY C = f:sC J@ a ` = fC = fa` ec>PJ D f U ` a6J aE> f:sD U c h = f:s J\@ eŠA0e Q anJ'= f U 9
LNU!J\@ e f J'@ e_=r< D’` e,B:J'@ e
@ D c:@‘= a6J e fdh M g e a=\ua<-e_v C e>KJ e `‘D U!J\@ e h f =\“Da6= ` = e c D f U!M5ZJ\@ e mt2d M ePv C e_= Ds e_UJ,> a6U
C = fnQ5D’` e2Y a= cKeE< a sC Y eO< fih I JŠs eO< f U+< 9
!#"$
7:/
E
– U f = ` e_=kJ f eO<oJ aM$Y D <\@a> f @ e_= e_UJŠ“ f ='u‘<\>?@ e s eN“ e2@ a Q ega C$C fD UJ e ` > f U Q eOU e_=?<KC ePv C e_= Ds eOU:J a6Y D <oJ'<UCh `]F a6U `
J\@ e f = D <oJ'< C%A t F<F h f =>e a>?@J fC$D >C> h[9ET eO> 9 8 9l F 9
‚ @ e_U = e_Y e Q aU:JQB+“ eX@ a Q eYaYR< f a `$` e ` aB> f U Q e_U eO= h = f:s J'@ e
V§ f =\J\@i| s eO= D > aU f =,J\@ e « a C a6U e< eEJ e a s9 A,@ D <Š“ D YRY C = fnQD’` e h e$=\J\@ eO=x@ eOY CD U > f U+< f Y D’` anJ D U c aU ` > f f = `aD U anJ D U c
J\@ eU ePJ[“ f ='u <oJ\='ec>KJ'e$= eGBx< D Uc> e0> f U Q e_U e_=?< h f = e a>?@ J fC$D > a= e > fsD U c h = f:s `$D N e_= e_UJU fa` e<“ D J\@ `aD N e_= e_UJ
ePv C eO=oJ D < eO< aU ` M a>?u c:= f e$U ` 9
j f F= e a:>?@ J fCcD >“ e‘Y D <[JM eOY f “ J'@ e C = D Uc> DRC a6YkJ a:<oua< 9 A,@ eB<oJ a=oJ D U ciJ DRs e C T AF aU ` V U aY D
_D U c0J DRs e C%jAF
h f = e Q e_='ZiJ a:<ou D < aYR< f`aD < C Y a3iZ e ` C T Ar™ˆjA F D U s f UJ\@c< h = fs J\@ e‘<oJ a=oJ D U c ` a6J e fih J'@ e!U ePJ[“ f ='u 9‚ e h e$=\J\@ e_=
D U `$D > anJ eNJ\@ eNJ e a s <r“Š@ D >?@ s a3Z C f J e_UJ D a6YRYZ C a6=\J D > DRC anJ e D U aYc DRQ e_UJ a:<ou 9{tVf “ e Q e_=QBKa< D J D <rec<\e a6Y D UB= eO< e a='>?@MB
D J D < `aD >Pe$YJXJ f h f = eO> a<oJEJ'@ e e iQ f YReaJ D f U aU ` J\@ e‘J DRs eB<\> a6Y e fdh J\@ e a:>KJ'e a6YH“ f ='u 9 A,@ e!J a<\ua<2M eOY f “ “ D YYHM e
a<'< D cU e `D U V = s ` e$= D U cJ'@ e V =?<[J s e e_J D U c fdh J\@ eFU ePJ[“ f ='u 9
€ ž _1n(f‡O:( ž & \/ œ
1 02< 3 ' 0 *5.(+1+1 0 "!$#(+1 02 32')(+-3:-;<=. 32/3)!> 0 ' 9:%$1 32-0:
3 -&;2%$- %$':<
A021 ( #43 <:<.0) *,+-657986
3%'&(A3 %
' %$') *,+-"!$. ( %/ %$-01-2
r|
< s eOU:J D f U e `D Ui8 :9 B5J\@ e2J'@ e f = e_J D > aY f M I e>KJ DRQ e<r“ D YRY}M e anJoJ a>?uKe ` a6Y f U cJ\@c= e eEY D U eO< 9 |xYRY}Y D U eO<
= e g e D = eY anJ\J D > e!< Ds e$Y a6J D f Uc<LB9a6YJ\@ f e c:@0J'@ eO< e C Y a3Z aY eO<'< C = f:sD U eOUJ2= f Y e D U Y D U eHC DRDRD F[C> h < e> 9 8 :9 F 9– Uc< D’` e
J\@ D < h = a s e2“ e f e$J\Y D U e a6JŠJ\@ e sf:s eOUJrJ'@ e h f YRY f “ D U cJ a<\u5<Oy
h]<oJ DRs anJ e fdh <\Za<[J e s anJ D > e_='= f ='< D U g e e_Uc>?@ e ` aU `‘C a=oJ D aYYRZ g e e_Uc>?@ e ` < Ds e$Y anJ D f U+<B a6U ` < DRs ecY a6J D f Uc<
“ D J\@i<oJ D YY}ecU$= e a6Y D <oJ D >EY D c@J g e a6='u s a<'< eO< 9
V
d @ D = a6Y e_v5J\= a C f Y anJ D f U+<]J fC @5Z5< D > a6Y g e a=\u s a:<\< eO< 9
9
&%:32':?0
$8 3 '021+141 02/ /( 9:%
BA
.<+
CDFE G:H
/%:02*
M
.<+
1 02/ /( 9:%,Q2@R
>S
<IJ=E<'L
02-P
A0A
T
I
*%:9
/%:02*
<'E
02-P
A0A
0 -&( 9:021/? #&%9 0 1 93 1 02/ ( 32-&<V
T J\e ` Z fih J'@ eFU a6J\e$= e fdh U f U$™ C e_=\J\e$='M a6J DRQ ege
N eO>PJ'< D UJ\@ e 8C F—™ C F C%@Z C e_= V U eAF,< C Y D JoJ D U c C%Y f > a6Y
Q e_=?<oec<rU f Ua™ˆY f > aY > f U ` e_Uc< anJ eQF 9
V
Fh Q a6YRe a6J D f U fdh J\@ e<oZa<oJ e s a6J D >ge_='= f ='< D UJ\@ e e_v D <oJ D U c C f J eOU:J D aY sfa` e_Y’<Š“Š@ eOUi= e cKa= ` e ` a:<xh]jAŠ< fih
p drq9
V
Eh{v5J\= a>PJ D f U fdh a:>_>_e$= a6J e C f J eOUJ D a6Y’< h = f:s Y a6JoJ D > ep drq < DRs e$Y anJ D f Uc< 9
AV
E
XCJD7LOH
/% 0 *<
A M -IJ=E<-Y
02-P
AM
Y
CD A GVH
.<+
/%:02*
d f U Q e_=?< D f U fdhH§
; p drq )s a6J'>?@ D U c‘> f e > D e_UJ'<LBc“Š@ D >?@ 6a = e a Q a D Y aM$Y e D UiJ'@ e€Y D J e_= anJ\ec= e,B$J f J'@ e
<\e D J a6McY e2Y anJoJ D > eF= eOU f = s a6Y D anJ D f U<\>?@ e s eO< 9
8 3 'UV3&0 -&/W3 *
.<+
A0A
AJM D M EH
.<+
<IJKE<'L
M EDINLOH
8 3 '
.<+
<)(+*@3 1 0 /( 3 - <
/ %:0 *<
A 6E<-Y9ZV
A C
02-P
A[A
\LD A G:H
L
`badcKe 3w fih4jKk
/%:02*
<(I=E]L
j
SPEC1
SPEC2
SPEC3
SPEC4
SPEC5
SPEC6
SPEC7
SPEC8
SPEC9
SPEC10
SPEC11
SPEC12
SPEC13
SPEC14
SPEC15
DEC0.1
DEC0.2
DEC1.1
DEC1.2
DEC2
DEC3
DEC4
PROD1
PROD2
PROD3
PROD4
PROD5
SMP1
SMP2
SMP3
SMP4
SMP5
SMP6
SMP7
SMP8
SMP9
SMP10
SMP11
SMP12
SMP13
MED1
MED2
MED3
MED4
BSM1
BSM2
BSM3
NEW1
NEW2
NEW3
NEW4
0
12
24
36
48
Months
j D cec= e y ‚Bf ='u `HY a6U T e ss a6='Z
T J\e ` Z fih < fdh J C$D f Ue
N eO>PJ'< f UJ'@ e h f = s e$Y anJ D f U fih hkjA D < 9
V
FhN eO>KJ fih J'@ e V U D J e€>?@ a6= s s a:<\< D UM f JoJ fsf U D e s <[J anJ e< 9
V
T J\e ` Z fih @ e a Q Z™ˆY D c@J s eO< f U C a D =,J\@$= eO<\@ f Y ` e
N eO>PJ'< 9
9
|rJJ'@ eJ Ds e fdh J'@ e sDR` ™ J eO= s = e Q5D e_“ D J D F< ePv C e>KJ e ` J\@ a6J aYYkJ\@$= e eY D U e<@ a Q ea c f fa` > f UJ\= f Y f U J'@ e
<oZa<oJ e s a6J D > e_='= f ='< 9 – U C a=oJ D >_e$Y a6=!Y D U e C DDRD F!<o@ f e$Y ` @ a Q e a c f fa` a:<\< eO<'< s eOUJ“ D J\@ = eO< C e>KJ!J f J\@ e Q a6= D f ec<
.<+
.<+
.<+
Z
/I CDINLOH
/% 0 *<
XI LDFE M 1H/ %:0 *<
G
A GJDI C%H
`badcKe jYfih4jKk
/%:02*
<
A ]Y]L-G
A -IJ]Y
A ,YQZV]G
0 -P
0 -P
A0A
02-P
A C0
AM
AJM
3~
C f J e_UJ D aY sf5` e_Y’<Š“Š@ D >?@a= eF>Pec=\= e_UJ\YRZ‘ec< e ` J f > fsC a= eEJ\@ e f ='Z‘“ D J\@ ePv C e_= Ds eOU:J 9 |rJŠJ\@ e€J DRs e fih J'@ e€j D U a6Y
= e C f =oJ D J D < ePv C eO>KJ e ` J\@ an>J aYY J'@ e f = e_J D > a9Y e_='= f ='<Da= e ` f:sD U a6J e ` M5Z<[J anJ D <oJ D >_<LB$U a s eOYZBY DRsD J e ` M5ZB> fsC eaJ e_=
C f “ e_Q= B fdh J'@ e€Y anJoJ D > eX< Ds e$Y a6J D f Uc< 9 A,@ e c f a6Y D <ŠJ'@ anJxJ[“ f f = s f = eFY D U eO< C = fa` ec> e€= eO<\e$YWJ?<Š“Š@ D >?@ adc:= e eE“ D J\@ D U
“ eOYYc> f UJ\= f YRY e ` e_='= f ='< h f -= a2U5e s M eO= fdh <oJ anJ eO< 9.– h J\@ anJ D <-a>?@ D e Q e `D J D <-aYR< f ePv C eO>KJ e ` J'@ anJ{J'@ f < eŠ= e<oecYWJ?<badc= e e
“ D J'@ e_v C eO= DRs e_UJ aY ` anJ aXJ'@5ec< C = fa` ec> D U cU eO“ J eO<oJ'< fdh p drq9
Ky
T e a6=?>?@ eO< fdh J'@ eF< CcD U< D U cY ePJŠ<oJ anJ eO< h f =,M f J'@ T a6U ` ` D“ a Q eE>?@ a6= s f U D aYB anJŠh :S:w B8,h T B aU ` J'@ eF8
h a:>KJ f = D eO<
T e a='>?@ e< h f =NJ\@ e< D U c:Y e_J T D“ a Q e M f J\J fs f U D e s c:= f e$U ` <oJ a6J eFaU ` f = D J'>< ePv$> D J a6J D f Uc< h = f:s J'@ e
aU a6YRZa< D < fih,drm h,L
™ –\–o– = eO> f = ` < a sC Y eO< fdh 8C ? 'S FWBfJ a6iu eOU D U ikik: B f =NJ\@ e drq j >q k; ecU –o–
` a6J a:< e_J'< 9
T e a6=?>?@ eO< h f = q ™ˆ“ a Q eNM f ecU ` <[J anJ e< anJ drm hrL
™ –o–o– B$8,h T ™ –\–o– B drm hrL
™—>
I J T5C eO>PJ\= f <'> fC Z a6J drq j q k a6U `C e_=?< C eO>PJ DRQ e< h f = mt2d M 9
T J'e ` Z fdhDfC e_U • a iQ f =
J'@$= eO<\@ f Y ` e
N eO>KJ?< f U >?@ a= s f U D e s s a:<\< eOL< V.< e a='>?@ h f =F@5Z5M$= DR` < a6JX8,h T ™ –o–\–
aU `drm hrL
™—> 9
F|N>_>Pec= a6J e s e a<\e$= e s e_UJ?< fih a6U ` V U e€< C Y D J\J D U c:V< a6J drm hrL
™ –o–\–
"!$# %.')(+*%.-&/<%. %:02' 9 &%)<
BA C
.<+
CDINLOH
/%:02*
<
CJDI LOH
.<+
BAM
.<+
BA I
.<+
BA E
AM
CDFE G:H
AM DFE G:H/ %:02*
/%:02*
<
A KE<
A C
0 -P
ƒ B5 " &
/ %.-
+
œ
' 3 1+1
68 %.')*
!
3 #6# %.')/ 0 1 A C
<
<(Y-GJ
CD AJM H
3 -&;2%$- %$':<
/%:02*
0 -P
A C
A0A
A[A
A0A
BA Y
.<+
A0A A0A
/%:02*
M E DFE G:H
( 9
A C
BA0A
.<+
A +
02/ ')( - 02- (
*,+-
%$- 32;20%&(
/%:02*
0 (+' 3
<
A[A
8
#(+1 02- 3%
(+1 0 5
A,@ exJ a<\u5< fdh J'@ e ` eO> a3Z“ f ='u D U cYc= f e C = eP• e>KJrJ\@ e f M I e>KJ DQ eO< `aD <'>Pe+<\< e ` aM fnQ e 9 A,@ e V ='<oJ]J[“ f e<[J a6M$Y D <\@ a
> fssf UJ'@ e f = e_J D > a6Y a6U ` ePv C e_= Ds eOU:J a6Y+Y aU ce aicierJ f aU a6YRZ e,J'@ e Q a6= D f ec<{>PY a<'< eO< fdh @ e a Q Z g e a6='u f U D e s ` e> a3Z
f Mc< e_= Q a6M$Y eO< 9
A,@ e ` eO<'>P= DC J D f U fih J\@ e Q a6= D f ec<@ e a Q Z™ g e a=\u f U D e s¦` eO> a3Z f Ma™
< e_= Q a6M$Y eO<E“ D YY{M e ` eO<'>P= D M e `0D U J\@ e!> f:ss f U0J'@ e f = e_J D > aY h = a s eO“ f =\u fih U f Ua™ = e_Y anJ DQ5D <[J D >Fe
N eO>PJ DRQ e V eOY `
J'@ e f = D eO< fdh p drq9
,|xUe C` anJ e ` aU ` > f:sC Y e_J eIaU a6YRZa< D < fih J'@ e
s e a:<oec= e ` M$= a6Uc>?@ D U c= anJ D f <k“ D YRY}M e C = fa` ec> e ` 9
|xU aYZa< D < anJ,@ D c@ eO= f = ` e_= D U‘J'@ eRaU ` ePv C aUa™
< D f Uc< 9 A,@ e>c f a6Y D <kJ f a>?@ D e Q eN= e_Y D a6M$Y e>e<[J Ds a6J eO< fih J\@ e Q a= D f ec< s anJ'= D v e_Y e s eOU:J?< 9{m anJoJ D > eF> a6Y’>PecY a6J D f Uc<
a= e a6Y’< fC Y aU$U e `}9 LNUc> e2J\@ e< eF= eO<\e$YJ'V< a= e f MaJ a D U e ` Bc<oJ\= D U cieOU:JŠJ eO<oJ'< fih J\@ e §N; p drq h a>PJ f = D anJ D f U aC™
C = f a:>?@ D U C = f > eO<'< e< D U iQ f Y Q5D U cJ\@ e€< a s e s anJ'= D @v eOY e s eOUJ'<Š“ D YYM e C f <'< D M$Y e 9 L hC a=oJ D >_e$Y a= DsC f =\J aUc> e
“ D YY M e2J\@ e drm hrL ` anJ a f UM f JoJ f:s f U D e sŽ` eO> a3Za< 9
\ NA,@ e c f a6Y D <ŠJ f @ a Q e a‘<\Za<[J e s anJ D > aU a6YRZa< D < fih J'@ e Q a6= D f ec<
` e> a3Z>?@ a6UcU e_Y’< B a6U ` J f cKa D U aU‘e$U ` eO='<oJ aU `aD U c fih J\@ e =2?A@ aU ` @ ` eO> a3Z5< 9
S
C0 A
!4- (
%%P
%:32' %./ ( 9 0 1 :' 02*,%
S
CDFE GVH
C0 M
/ %:0 *<
"!$# %.')(+*%.-&/021 :' 02*,%
32'
32' [
A -IJ-YQZ-G
D,*,%:0 <:3 ' %.*%.-&/<
A C
0 -P
3
-2(
CDFE G:H
S
BA A
5)- 9$1 3 <)(+;2%
A0A /%:02*
BA M
! 9.1 3 <)(+;2%
A -G
A C
A0A
02-P
AJM 0[P2' 3 -&( 902-P%$1 % 9./ ' 32*,0 -%./( 9P %:9:0? <
XCJD M EJ1H
S
<
P %:9:0? <
8=
=
/ %:02*
<
A KE]Y]L
A C
02-P
A0A
"' 0
XCJDFE GV1H
A $IQZ
A C
02-P
A0A `badcKe n~ fih4jKk
/%:02*
<
O S
\ HA,@ exJ'@ e f = e_J D > a6Yf>?@ a6YRY e_U cKex@ e_= e D <HJ fXD Uc> f = C f = anJ eŠY D c@J
s eO< f U+< D UJ f J'@ e e
N eO>PJ DRQ e V e_Y ` J\@ e f ='Z h = a s e_“ f ='u 9
I J A,@ e<oJ\e ` Z fih J\@ e IKJE<\Z5<oJ e s “ D YRYM e fdh{C a=oJ D >_e$Y a6= DRsC f =oJ a6Uc> e h f =
J\@ e mtEd +B “Š@ e_= eX< e Q e_= a6Y fih
J'@ eO< e g e a6='u f U D a“ D YY.M e C = fa` ec> e ` a6U ` “Š@ e_= e a‘<oZa<oJ e s a6J D >gePv C e_= Ds e_UJ a6Y}<oJ\e ` Z fdh J'@ e Q a6= D f ec< ` e> a3Z
sfa` eO<“ D YYŠM ee$U ` eO=oJ a6uKe_U 9 A,@ eHIKJ <\Za<[J e s D <a6U DR` e a6Y,“ D U ` f “ f U:J f eOY e>KJ'= f “ e au C @Za< D >O<J\@ a6J D <
a:>_> e<\< D M$Y eNJ\@c= f e c@@ e a Q Z™ g e a6='u f U D e s <oJ\e `$D e< 9
\ \ !j eO= sD Y aMBaU ` drm hrL ePv C eO= DRs e_UJ'<2@ a Q e C = fnQ5D’` e ` U eO“
` a6J a h f =xJ\@ D <E>PY a<'< fdhH` e> a3Za<,J'@ anJ>a= e,B D U C = D U+> DRC Y e,B a s eOU a6McY eFJ f a‘<\Za<[J e s anJ D >F<oJ\e ` Z D UJ\@ eYe
N eO>PJ DRQ e
V eOY ` J\@ e f ='Z h = a s e_“ f ='u 9 L C e_U C = f McY e s <HJ\@ a6Jk“ D YYfM e
a `$` = eO<'< e ` a= e e 9 c 9 J\@ eNY a= cKeU=2?A@ J B“ D’` J'@ 9
M
S
0[P2' 3 -&( 9
I
' 0 - <)(+/ ( 32- <@%1 =
=
\
=
=
J
M E DFE GV1H/ %:0 *<IQZ02-P
1
CDFE G:H
S
E
2
00P ( 02/ (+; %
CD M EH
/%:02*
' 02-&<)(+/( 3 - <4+=
A ]Y
<
-&( %
6&A'63 -&- %X
6>+
,
1
3 -&;2%$- %$':<9
=
=
=
/%:02*
<G
02-P
A C[
0
A[A 0 -P
› 2/21n(}… 6%(f [/ A C[
S
-.
&(K#
%? %$'" *9+] S
0 #&00P2(+*(+/ ')( 33 *,+-869&
-.
#
' 0 %.*%.'
O
?P (+-53 ' 1
A3 PJ"(+-
A f a6YRY f “ h f = s f = eN> fsC = e_@ eOUc< DQ e>a6U `‘` eO> D < DRQ exJ eO<oJ'< fdh J\@ e §
; p drqLh a>PJ f = D
anJ D f U a CcC = f a>?@MB a6U ` a6YJ eO=o™
U anJ DQ e sfa` e_Y’< fdh.g e a=\u f U D e sC = fa` e+>KJ D f U.B e_v C eO= DRs e_UJ aY aU ` J'@ e f = e_J D > a6Yfe$Uc> e_=\J a D UJ D eO<kU e e ` J f M eE= e ` ec> e ` 9
A,@ e2J\@ e f = ePJ D > a6Y D <'<\e eO<rJ f M e a `$` = eO<'< e `‘D UBJ'@ e€> f UJ ePv5J fdh J\@ eFU ePJ[“ f ='u D U+>PYRe ` ey
p drq | > >_f = ='D =J eD > >KaJ D0Y f e U+Q < a69 YRe anJ D f U fdh J'@ e §
; p drqC f “ e_=2> f e$UJ D U c='e$Y eO<
a6U ` J'@ e!> aYR>_e$Y a6J D f U fih @ D c@ eO=o™ f = ` e_=
< eO>PJ D A,f Uc@ <ke @ DRsa<kC J f f =\J M ae2Uc>>_eY a=fiDh V eU ` f UaM5™ Z Q a6a6U U D a<\@YZ D U
_Dc U c D U Q D JaD = a6D Y,f e+<oJ<Han@ J De!c@aJ\=™ e_a6UU+e_< =Q ce_Z=?< ep drs q fs C e_= Uf J'> e eOsª<'< eD< U 9 @ a ` = f U > f YY DR` e_=X>_= f <\<
D UJ\@ T eFZa<o@ J a e `s = a6f JU D DD> < a6e
JN D eOf >PU J'< fdhD U$@ @ e eOa = Q eOZUJ g D e U a§
=\u ; C p a drD ='q D< Ba6<\U ec` >?@J'@ ae <sJ\@ D <e s D U anaJ?>_>?>_@e$M = anePJJ[ek“ J\e =eOe U a6JC s a6=\e_J Uf J U fiD g> h eOaU U e_` = c@ ZXa `> f= fUcU < e_D > = Q C an@ J a:D f < U e
< C a> e2U e e ` J f M e a `$` = eO<'< e `g e a6UJ D J anJ DRQ eOYZ 9
a= eE=; e e_g Y e D a6D = M$e Y `e>eJ f<[J DDRssa6C J= eOfn< Q eEfih J\@U e2f UaJ'™ @ h eaf>P=J fe_J= DD >< a6aYM$Yae
U >a6f YRZa=\=< eOD < >P9 J D f Uc< a6U `C = fa` e+>KJ D f U s eO>?@ aU D < s <]M e_Z f U `B§
; p drq
A,@ e > f YRY D’` eO= e_v C eO= DRs e_UJ'< a6= e eOUJ e_= D U c a)< e> f U ` C @ a< e fih` anJ a J a6u D U c “ D J\@ < D cU DWV > a6UJ\YRZ D Uc>P= e a:< e `
Ye sD U f < D J D eO< a6U ` DRsC = fnQ e ` D Uc<oJ\='e s e_UJ a6J D f U fih J\@ e ` ePJ eO>KJ f =?< 9 A,@ e e_v C eO= DRs e_UJ a>Y a6U a6YRZ5< D <‘“ D YY2> fnQ e_= a
“ DR` eO=Nu D U e s a6J D >€= a6U cKeGB h f = e_v a sC Y e D U J\= a6Uc< Q eO='< e s fs e_UJ\e s B aU ` “ D YY C = f5` ec> e C = e> D < D f U s e a<\e$= e s e_UJ'<
fdh{g e a6='u f U D e s f Mc< e_= Q aM$Y eOL< BY D iu e g e a6='u f U D e s C f Y a= D a6J D f U 9– UBJ\@ D < h = a s ey
eOY e s A,eOU@ J'e < CD U = e§N> D ; < e p ePdrv q C e_J'= @$Ds = f eOe U:c:J @a6Y a ` canYJ f a M a6“ 0Y D YaY
U M a6eiYRZa<ecD < < e fi` h]J `af D N J eOeO= <oeOJ!U:JJ\@ C e = f5e$` U ecDRQ>KJeOD='f < Ua6Y DC J[=Z f >fieOh <'<Y feU< 9c6™ `aD <oJ aUc> e s anJ'= D v
S@A
+2
CDI L%H
/ %:0 *<
A M -I6E<-YL1
A C
A0A
S(M
+2
CD M EJH
Z$G
S
+2
S
+2
/%:02*
S
<
M =E<]LQZV-GJ
/ %:02*
<
A M =E<]Y A0A
Y
XCJDFE GV1H
E
ZV-GJ
/%:02*
7 € " … " 1n… b(}… # b " ‡ 1n 5O‡ \ b/
3 -&;2%$- %$':<Q.?
M >E<]L1
E
AM DFE GV1H
<
I
AJM DINLOH
+2
/ %:02*
A0A
( P %.1 *0 -
8B*9+-=
3 -9.' %./ %/ &%:32' %./( 9:0 1?/ 02<
32;23 <)( 5$(+':< :"&( 3 0 - B#)3 -&( 9 1B#
<
`badcKe Yfih4jKk
; 02*(+- =%.( P %.1 5:%.':
<
M O©
£ U ` Oe ='<oJ a U ` J\@ e eN e>KJ DRQ eJ'@ e f = D eO< h f = g e a6='u f U D e s <\Za<[J e s <2“ D J\@ >?@ a6= s B}M f JoJ fs a6U ` J f:C g e a=\ua<
aU ` J\@ e D => f Uc> e C J'e a6Y `aD N e_= e_U+> eO<‘M a< e ` f U)J'@ e `aD N eO= eOUJ Q a6YRe eO< fih J'@ e g e a=\u s a:<\< eO< 9 –—sC Y e s e_UJ
a > f Uc< D <oJ eOUJ C f “ e_=> f e$UJ D U c <'>?@ e s e anJ!J'@ e m adc= a6U c D a6U Y e Q e_Y aU `)D U+>PYRe ` e eN e>KJ'< fdhFg e a6='u ` e> a3Z
> f Uc< D <oJ eOUJ\YRZ 9
|
>?@ D e Q e>aXM e_JoJ e_=,e$U ` eO='<oJ aU `aD U c fih J\@ e C = f M$Y e s < a6U `‘C e>Pe$Y D a= D J D eO< fdh`aD N e_= e_UJ e
N eO>KJ DQ e
J'@ e f =\Z h f =o™
s e$Y 6a J D f Uc<ru5U f “ŠU anJ C = eO< e_UJUC §
; p drq B Cc§N; p drq B Qa§
; p drq FDa6U ` ePv5J eOU ` h f = s e$Y anJ D f Uc<kJ f e_U `$C f:D UJ
= e c D f Uc< D U `aD <[J'= D M$eaJ D f Uc< 9
d a =\='Z f eaJJ\@ ,e = _e U f = s aY D
a6J D f U C = f > e ` e$= e D UXJ'@ eDe
N eO>KJ DQ e]J'@ e f = D eO<M e_Z f U ` J\@ e C = eO< e_UJY e Q e_Y 9
+
A
. #
CDFE GVH
/ %:0 *<
A $IJ]Y
A[A
+
M
. #
CJD M EH
. #
/%:02*
<
A M ]I]Y$G
A[A
+'I
\LDFE G:H
<
A <
M -I]L-G
/%:02*
M $IJ]Y
A[A
Uq \ F{ePJ eceO< = D sU c€D U <\eEe sM f Jo=\Je$f:Y eOs < Da6UcU >_` Ye >?`a@ D Ua6=c€s @ D g ce @ aeO=\= u f s= ` ae_<'=H< >ef<R='a= Ue>K` J D > f f Uce <C M Y D eOU Z c:f < U h ` = f:J\s @ e e_§Nv C §
eOm = DRL s Ve_Uv J e a`Y f ` = a6` J e_a ={f Y Ue Q Ce_Y 9 ‘|
<'< e<\< s e_UJ fdh J\@ eB< D
e fih U f Ua™ C eO=oJ'e$=\M anJ DRQ eeN e>KJ'< D U J'@ e f = e_J D > a6Yk> fsC e$J anJ D f Uc< fdh J'@ e!Y f “YRZ D U c
>?@ a= sf U D e s a6U ` M f JoJ fsf U D e s <[J anJ eO< 9
. #
+E
=
=
/%:02*
. #
\LDI LOH
A C
AM
+Y
\LDI LOH
/%:02*
<
A $I6E<-YL1
A C
A[A
+
d a=\='Z f e$J Q e_='Z D U QKf Y Q e ` @ D c@ f = ` e_=rJ[“ f aU ` J\@$= e e s ecYWJ D ™ˆY f f:C > fsC eaJ anJ D f U+<,= e g e D = e ` J f > f:sC Y e_J e
J'@ e §N§
§
m L C V v e ` f = ` eO=PFbaU `‘§N§
mm C= e_U f = s aY D
a6J D f Ua™ c= f e C ™ DRsC = fnQ e ` F ` e<\>_= DRC J D f U fdh @ e a Q Z g e a6='u
C a D = C = fa` ec>PJ D f U 9
q ePJ e_= sD U e a6YRY C @ eOU fs eOU f Y f c D > a6Y g e a6UJ D J D eO<NJ\@ anJ€> aU0M e s e a<\e$= e ` a6J x\ J\@$= eO<\@ f Y ` C = fa` ec>PJ D f U anJ
J'@ e m}D U e a6= d f YRY DR` eO=!J f a Y e Q e_Y fihFC = e> D < D f U)= e g e D = e ` M5Z J\@ e e_v C e>KJ e ` ePv C eO= DRs e_UJ aYxe$Uc> e_=\J a D UJ D eO< 9
–—sC Y e s e_UVJ eOY e>KJ\= f “ e a6u!> f ='= e>KJ D f U+<r> f Uc< D <[J e_UJ\YRZ 9
–—sC = fnQ eXJ\@ e s anJ?>?@ D U cB= e_Y anJ D f Uc<
M ePJ[“ e eOU > f UJ D U5e$e s aU ` Y anJ\J D > e s a<'< e<
aU ` > f e C Y D U c:<NJ f @ D c@ e_=
f = ` eO= 9
–—sC = fnQ ege
N eO>KJ DQ eYa>PJ D f Uc<xec< e ` h f =NY a6JoJ D > e> fsC e$J anJ D f UcV< aU `DsC = fnQ e2J'@ eX> f UJ\= f Y fnQ e_=x<\Za<[J e s anJ D >
eN e>KJ'< h = f:s e$U g e eOUc>?@ D U c a6U ` Y anJ\J D > e a=oJ D h a:>KJ'< h f V= ePv5J'= a:>KJ D f U+< fdh J\@ eX<oJ\= f U c> f e C Y D U c a6U ` J'@ e g e a6='u
s a<'< eO< 9
. #
L
CDFE G:H
. #
/%:02*
<
M $I]Y
+,Z
\LD M EH
. #
/% 0 *<Y
A C
A[A AJM
+'G
CDFE G:H
. #
+
M KE<
/% 0 *<
A[A
CDFE G:H
/%:02*
<
M =E<
A[A
"!$# %.')(+*%.-&/021 / 02< 2<
C = e> D < e ` anJ a h f =HJ'@ ex= eO< f U aUc> e a6U ` > f UJ D U5e$e s >P= f <'<{< eO>KJ D f UC \ F 9
`]= fnQ5D’` e sf = e C = e> D < e ` anJ a h f =NJ\@ e= eO< f U aUc> eX>_= f <\<N< e>KJ D f UC \WFWB C a6=\J D >Pe$Y a6='YZM ePJ[“ e e_U
J'@ e GT a6U `j:T <oJ a6J eO< 9
LNMaJ a D U s e a<\e$= e s e_UJ'< fdh J\@ eB> f UJ D U5e$e s >P= f <'<F< eO>KJ D f UC \WF aM fnQ eJ\@ e j:T <[J anJ e h = f:s
f Y `i` a6J a h = f:s m Rh ` aU `i« | q h J f e_Y DsD U anJ e€J\@ eXU e e ` h f =>a ` @ f > sf5` e_Y D U c h f =
J\@ e f = ePJ D > aY.<\e s =\ecY e
aU a6YRZa< D < 9
Y`]= fnQ5D’` e h ecY4Y a6U `D UJ e c:= a6J e ` < DRs e$Y anJ D f Uc< fdh \ C = f5` ec>KJ D f U a6JxJ\@c= e<o@ f Y ` a6JxJ\@ e m}D U e a= d f YRY D’` e_= h f =
J'@ e2J f J a6Y}>_= f <\<,< eO>PJ D f U a6U @` h f = `$D <oJ\= D MceaJ D f Uc< 9
V`]= fnQ5D’` e s f = e
+
A C
. #
/%:02*
<GJ
A C
CJDFE G:H
A0A
+
A[A
. #
CDFE GVH
A A0A AM
+
AJM
. #
CD M EH
. #
/ %:0 *<
+
/% 0 *
I
A I
\LDINLOH
`badcKe ©Yfih4jKk
/% 0 *<(Y
A0A
dk
!" 13‰+(f. % b5… "
3 -&;2%$- %$':<
2Q'(#
433 ' %.-9:3
+
432*,5 0 '7P 3
8?' 0 <.9:02/ ( #
2
3 <.0 /(- 5 3
0
! O> . 02/@ ( %.1 %
%.1 P%
A,@ e g e eO<oJ D f Uc< fdhg e a6='u f U D a D Ua s e `aD e s “ D YY M e a `$` = e<\< e ` a6Y f U cXJ\@$= e e s a D Ua Q e_U5e e< fih = eO< e a6=?>?@MB a6U `
“ 2e M e_Y D e Q e2J\@ anJ a6YRY fdh J\@ eNJ'@$= e eF“ D YY}M e_U e V J s ec>?@MZ D UJ eO= a:>KJ D f Uc<r“ D J'@ D UJ'@ ep ‚ z9
| Y a6JoJ D > e> a6Y’>Pe$Y anJ D f U a6J V U D J eiA “ D J\@)@ e a Q Z g e a6='u5< h e$YRYZ ` e Q e_Y fC e ` a6U `
h f <[J e_= e `BD Uc< D’` eEJ\@ eFU e_J[“ f =\u 9
d f:s M D U D U c Y a6JoJ D > e <oJ\e `aD e< fdh J\@ ei@ e a Q Z
g e a=\u C f J e_UJ D aY“ D J\@ g e a6UJ'e s ™ s eO>?@ a6U D > aY C f J eOU:J D aY}J'@ e f =\Z D U a C @ e_U f:s e_U f Y f c D > a6Y “Da3Z D U f = ` eO=ŠJ f
a6JoJ e sC J ` anJ a D UJ eO= C = e_J anJ D f U aU `BC = e `aD >KJ D f U+< 9
| U e_“ J'@ e f = e_J D > a6YcJ f f Y §
; p drq J'@ e_=\™
s fa` Z5U a sD >_< ` e Q e_Y fC e ` J f M eFec< e ` h f V= a C$C Y D > anJ D f U+< 9
X> fs M D U e@a6YRYHJ'@ e a6M fnQ e a C$C = f a>?@ eO<EJ fIf MaJ a D U a0>_Y e a6=
D UJ e_= C = ePJ anJ D f U fdh J\@ e e_v C eO= DRs e_UJ aY}< D cU aYR< 9
S
A
#
%
1 02/ /( 9:%
0 # # ' 3 0 9
CDFE G:H
SM
#
3 - D' %.1 0 /(+; ( <)/( 9
<)/3 P ( %)<43 <)(+- 02<
/% 0 *<
A 6E<]Y$G
(+- #3 /
1 02/ /( 9:%
' %$<%3 1 / <
CD M EH
S
#
I
%:9$/ (+;2%
/
%:32')( %$<
>S
F92R
02/
(
/%.*
S
E
5$-&/%$' # ' %./ 0 /( 3 -3 /
%% !$# %.')(+*%.-&/021
2&f(+… O-} " … " 13… b(}… # [!
3 -&;2%$- %$':<'>+
021 60
A 'L1$GJ
' 0
3J
8KA%$'
%.'
A C
AM DI LOH/ %:02*
A <
M KE<]Y-G
A[A
<)( - 021 <
AM DFE G:H
/% 0 *<
#&%$' 02/W3 ' % P %.- <)(+/W?
#
A[A
/%:02*
A KE<QZ$G
<
F&A'W63 -&-%
A,@ e D U D J D aY a>PJ DRQD J[Z D < a > f YY a6M f = anJ D f U fih J'@ e f = D <[J?< a6U ` e_v C e_= DRs eOUJ e_=?<J f sfa` eOYVePv C Y D > D J'YZ ePv C eO>KJ e `
< D cU a6J\e$= eO< fdh$C f <'< D M$Y eHU eO“ C @5Z5< D >_< D U ` anJ axM e D U c
a>O>Pe s e$Y a6J e `FD UX@ a ` = f UF= e a:>KJ D f Uc< a6J}J\@ e,j eO= sD Y aMXA0e Q anJ'= f U
a6U `D UB@ D c@$™ˆ<oJ a6J D <[J D >O<Š<[J'e `aD eO<Va6JrJ'@ e 8C G F anJ
8Da8Da=DaU ` anJ drm h,L 9 A,@ D < D Uc>_Ye ` eO<Oy
A,@ eE< C eO> DWV > anJ D f Uc< fih M$= aUc>?@ D U c h = a>KJ D f Uc<LB T J a6U ` a= ` ^ f5` e_YfM a>?u c= f ecU ` <LBia6U ` aU!e$U ` eO='<oJ aU `aD U c fih
e_v C e_= DRs eOUJ a6Y e > D e_Uc> D e< a6U ` a>O> e C J aUc> e< 9
| h e$YRY e_v C Y f = a6J D f U fdh J\@ e DRsC Y D > anJ D f U+< fdh J\@ eXY D c@JxM f JoJ fs < g e a=\u aU ` Y D c@JVc:Ye D U f <'> eOU a6= D fFh f =
` e> a3Za< 9
A,@ e f = ePJ D > a6Yc<oJ\e `$D e< fih f J\@ eO= C f <'< D M$Y exM e_Z f U ` ™ J\@ e_™ˆ<oJ aU ` a= ` ™ sfa` e_Y s a6U D h e<[J anJ D f U+< D U!J\@ eN@5e cie
< a s ™
C Y eO< fih 8C G F ` e> a3Za<r“ D YRY h f YY f “ 9
A,@ D <€= e< e a6=?>?@“ f ='u “ D YYHM e c:e DR` e ` M5Z< e_U D f = C e_=?< f U$U eOYH“ D J\@ ePv C e_=\J D < e D U M f J\@ g e a=\u f U D e s C @5Za< D >O< a6U `
D U M e_Z f U ` ™J'@ eP™ T J aU ` a= ` ^ fa` eOY C @ eOU fs eOU aYBfM$eaJNJ\@ e> f UJ'= D M$eaJ D f Uc< fdh e_v C eO= DRs e_UJ a0Y a6U ` J\@ e f ='Z C f <oJo™ ` f >_<
a6U ` c= a ` e anJ eE<oJ\e ` e_UJ'<,“ D YYM e h e$YRYRZ D U:J e c:= a6J e ` a6U ` aMc< f Ye$J e_YRZ e<\< e_UJ D a6YJ fC = f c= eO<'< 9
1n žž (+13 .%O%5‡ >
| >PY f < e
> f YRY aM f = a6J D f UM e_J[“ e e_U!J'@ e f = D <[J?R< aU ` ePv C e_= Ds e_UJ a6Y D <oJ'< D <k= e g e D = e ` J fX` e Q e_Y fC J'@ D R< c f a6Y 9q e V U D J e
J a<\ua< D U+>PYRe ` ey
T J\e ` Z fih J\@ e C @5Z5< D >_< C f J e_UJ D a6Y fdh aY= e a ` Z e_v D <oJ D U c h a> D Y D J D eO<= e cKa6= `aD U c g e a6='u f U D e s a6U ` = eOY a6J e `
a= e aD< a< ePv C f < e ` a6M fnQ e 9 A,@ D < C fD UJ D <Š= e_Y anJ e ` J f J\@ e h f YRY f “ D U c f U e 9
A
. #
CD M EJH
. #
/ %:0 *<
A <(LQZV$GJ
A0A
M 'L1]G
A C
A0A AM
M
AM DI L%1H/ %:0 *<I=EQZV
A0A
. #
I
M EDFE G:H
3 -&;2%$- %$':< #
A
=&=. 0 -9
( <:D
3 02-3
/%:02*
021 %$- 9$( 0:1+
')(
0 -
7:3&5$1 7.0 -0:
.]
3 P :' %?< 0 ')1 %$/32-
A
XCJD M EJ
`badcKe ikYfih4jKk
A D AM
! `H= fC f < a6Y’< f UJ\= D cicieO=]> f U `aD J D f Uc< a6U ` u D U e s a6J D >
>Pe$J'< D U f = ` eO={J f > f U ` ec>KJDa6U e_v C e_= DRs eOUJ a6Yf<[J'= a6J e cZ
< C e> DV >FJ f a C a6=\J D >Pe$Y a6=
a6U aYZa< D < fdhkg e a=\u f U D e s C @Za< D >O< 9N– U h a>PJNJ'@ D < f M I eO>PJ DRQ e D < D UiJ'e$='U = eOY a6J e ` J f
9
J'@ eFU ePv5J f U e 9
; e g e eO<oJ'< h f = ` e `aD > anJ e `C eO= D fa` < fdhf` anJ a6™J a6u D U c D UFe_v D <oJ D U c
ePv C eO= DRs e_UJ'< D U f = ` e_=J f <[J'e ` Z C a6=\J D >Pe$Y a6=
>?@ aU$U eOYR< fdh$C = fa` ec>KJ D f U f = ` e> a3Z fdh C f = D UJ f F g e a6='u f U D e s = eO< f U a6Uc> eO< 9 |
>KJ'e a6YRYRZ f U er> f ecY ` eOU QD < adcieJ'@ e
C f <'< D M D Y D J[Z fdh M e_U e V J D U c h = f:s a6YR= e a ` Z fC e_= anJ D f U a6YJ\= D cKcieO=.< ePJo™ˆe C < 9
9
q = a h J fdh Y f U c6™ J eO= s C = fC f < a6Y’< B{Y D iu e_YRZ D U > f U I e$Uc>PJ D f U “ D J'@ f J'@ e_=!<'> D e_UJ DV >> f:ss e$U D J D eO<LB{J f C a=o™
J D > DC a6J e a>PJ DRQ e_YRZ D U J\@ eB= e g e D = e s e_UJ'< f U ` ePJ eO>KJ f =?< D C e_= h f = s a6Uc> eOL< B{M e a s D <>?@ a= a:>KJ e_= D <oJ D >_<Fa6U ` =\e$U
> f U `aD J D f U+< fih h eaJ'e$= e s a:>?@ D U eOD< a6U ` ePv C e_= Ds e_UJ?< 9 |
YYJ'@ eO< e a>KJ DQ5D J D eO<,<\@ f e$Y ` M e ` e Q e_Y fC e `D U C a= aYY e_Y
“ D J\@J\@ eFU ePJ[“ f ='u a>PJ DRQD J[Z<\@ f “ŠU D U ` e_J a D 9Y a6M fnQ e,B a6U @` fC e_UJ f aYY U f5` eO< 9
j$e$=\J\@ eO= s f = e,B D U f = ` e_=HJ f > a6='=\Z f eaJ f e$= C Y aU f UjceaJ\ec= eEL CcC f =oJ'e$U D J D eOL< B:“ e h f = e< e e C eO= D fa`aD > a60Y C%< a3FZ e Q e_='Z
< D v s f U:J'@cP< F s e ePJ D U c< fihD UJ eO= e<[J e `s e s M e_=?< fih J\@ e€U ePJ[“ f ='u h = f:s M f J'@ | s e_= D > a6.U B+|
< D anJ D > a6U ` hHe$= fC e aU
U fa` eOL< B5J f ePv$>?@ aU cie D U h f = s a6J D f U a6U ` J fC = e C a= egaX= e Q5D e_“ > f UJ a D U D U c f ecD= aU a6YRZa< D L< B5<\e cKcieO<oJ D f U+< aU ` a `aQ5D > eGB
J f M e,“ D’` e_YRZ `aD <oJ\= D M$e$J e ` a s f U c
J'@ f < e T > D e_UJ DV > d f:ssD JoJ e eO< fihf`aD N eO= eOUJ h a:> D Y D J D eOb< aU ` = e< e a6=?>?@X> eOU:J e_=?< fnQ e_=
J\@ e“ f =\Y ` BD“ a D J D U c h f = aU D J e_= anJ DQ e C = f > e ` e$= e“Š@ D >?@0@ f:C e h e$YYRZi“ f e$Y ` Y e a ` J f < C eO> DWV > C = f c:= a s < D U h eaJ\e$= e
ePv C eO= DRs e_UJ'< 9
T `]h d q h d ` ; L q T ^ ` ^0h q 8 T ^ § h ‚
0A e a s
9
– J aYZ –
a9 z eO= s aUZ –
S$9 z eO= s a6U5Z –\–
Gc9 £ U D J e `i¤2D U c ` f:s
wa9
TaC a D U –
j$9
T5C a D U –\–
~59 j$= a6Uc> eP™—8 e_Y c D e s
$9
d h ;x§
©$9 ` f Y a6U ` ™ T Y fnQ eOU D a
kc9
d @ DU a
i:9 V§ f =oJ'@i| s e_= D > a
$9
« a C a6U
:A a6M$Y e y – UJ eO= C @ a< e2M e_J[“ e e_UBJ\@ e€< e Q e_UBJ fCcD >O< anVJ e a:>?@BU f5` e
A
M
AJM D M EH
A
/%:02*
<IJ E<YWLZV GJ
A A AJM
I
A GJDI L%H4/% 0 *<'I EYWL1Z G
A
A[A AM
E
/INLDFE G:H
E 0  06  X U X x
! $%" 7 a( - - <; 7 Y3( /4- ; ; 9 /Y7 :/4-
/%:02*
<
A D AM
– U J\@ e h f YY f “ D U ci“ e e_v C Y a D U @ f “ J f Pe v C Y fD JFJ\@ eB>?@ a6= a>PJ e_= D <[J D >O< fdh \J @ e C = f:C f < e ` U ePJ[“ f '= u0= e_Y e Q a6UJFJ f J'@ e
a <'< f > D anJ e ` J\= a D U D U c C = f c= a s9
`badcKe >fih4jKk
ƒ %
%X1n( " … ž -&}‡O‡ " 1n " (5Œ+1n5… &)O- ž 1n(54O5 FŒ " 1n%?& (+*Š1n #%" O5…) # …‡
|
< a6YR= e a ` Z<\@ f “ŠU D UBJ\@ e ` e<\>_= DRC J D f U fdh J\@ eF<'> D e_UJ DV > f M I e>KJ DQ eO< fdh J'@ e C = f6I eO>PJLBJ\@ e C @Za< D >O< fdh.g e a=\u f U D e s
> fnQ eO='b< a€“ DR` e>a6= e a fdh eOY e s eOUJ a6='Z C a6=\J D >PY e C @5Za< D >_<LBY D Ucu D U c `$D N e_= e_UJHJ fC$D >_<]= aU c D U c h = fs J'@ eN<oJ\= f U c D UJ eO= a:>K™
J D f U!M ePJ[“ e e_U g e a=\ua<-aU ` J\@ ex@ a ` = f U D >Š<oJ\='ec>KJ'e$= e,J f e_Y eO>PJ\= f “ e a6u C = f > e<\< eO<LBdePv5J e_U `aD U cFJ f J\@ eN< e a6=?>?@ h f =]U eO“
C @5Z5< D >_<EM eOZ f U ` J'@ e T J aU ` a= ` ^ fa` e_Y 9– U h a:>KJLBU f “ a ` a3Za< D J D <2M eO> fsD U c D Uc>_= e a< D U c:YZ >_Y e a6=EJ\@ anJ e Q e_U J'@ e
s f <[J2< C eO> D aY D e `V e_Y `iD U C @5Za< D >_< C s f = e cieOU e_= a6YRYRGZ B D U0<'> D e_Uc> eQFŠ> a6U C s ec<oJPFxM e> f U$U eO>PJ e ` J f f J\@ eO=N<'> D e_UJ DV >
a6= e a< fih u5U f “ŠY e ` cie C D 9 e 9rs e$YJ D’`aD <\> DC Y D U a6= D J[YZ F C = fnQ5DR`$D U c a ` e e C e_= D Uc< D c@J D U:J f!C @5Za< D > aY<\> D eOUc> e 9 A,@ eO= eOM5ZGB a
C fdh e_v C e_=\J'< D U `aD N e_= e_UJFM$eaJ€> fsC Y e s e_UJ a=\Z h a:> eO< fih a C a6=\J D >PecY a= C = f McY e s “ D YRY{Y D iu eOYZiM eO> fs e s ec>?@
c= f e I
s f = e C = fa` e+>KJ DRQ eF“ f ='u D U cJ f cKePJ'@ e_=
J\@ aU < e C a6= anJ e_YR@Z a< D U `$DQ5D’` e a6Y’< f =x“ D J\@ D U = anJ'@ e_= D < f Y anJ e ` < D U c:Y eFJ e a s < 9
A,@ f < e
a= c:e s e_UJ'< e_vJ e_U ` J f > f YRY aM f = a6J D f Uc<kM e_J[“ e e_UBJ e a s <,M eOZ f U ` U a6J D f U aY Y e Q eOY a:< D <,“ e_YRYu5U f “ŠU 9– U f e$=
C = f:C f < aY B:ai> f Uc< D’` eO= aM$Y e a s f e$UJ fdh @ D c@ g e a6Y D J[ZhHec= f:C e a6U D Uc<oJ D J\e$J D f Uc<XM eOY f U cJ f J'@ e!U e_J[“ f =\u0J f cKePJ'@ e_=
“ D J'@ < fs e fdh J'@ e s f <oJ f eaJ'<oJ aU `aD U c= e< e a6=?>?@ > e_UJ e_=?< D U | s e_= D > a@aU ` |N< D aYB QD =\J\e aYYRZ > fnQ e_= D U c@a6YJ f cKePJ'@ e_=
J\@ eŠ“Š@ f Y e a= e a fihfg e a6='u f U D e s C @5Za< D >_< 9 A,@5ecL< BM f J'@Z f e$U c aU ` < e_U D f == eO< e a='>?@ e_=?<“ D YYa@ a Q ekJ\@ e f:C$C f =oJ'e$U D J[Z
fdh M e D U c a:> g e a D UJ e ` “ D J\@J\@ eEY a<oVJ a `aQ aUc> e< D UJ\@ e V e_Y ` a:< aU anJ'e$= aY}> f Uc< e g e e_Uc> e fih J'@ e D = C a=oJ D > DC a6J D f U D U
J\@ eFU e_J[“ f =\u 9
ƒ %
’ƒ 1 " ..„ B5‡O( 1n:‡(f*ŠO- " ‡
A,@ e2J\= a D U D U c= e< f e$='> eO< fdh e a:>?@J e a s a6= e ` eO<'>P= D M e `BD U ` ePJ a D YR< D UJ\@ e D =x= eO< C eO>KJ DQ eEJ e a s C aicie< D U T eO> 9 8 S$9 9
Rh a>?@U fa` e D U iQ f Y Q eO<J f:CD Uc<oJ D J\e$J D f Uc<]U f J f U$YRZ h = fs J'@ ex= eO< e a='>?@M$eaJ aYR< f
h = f:s J'@ eVe ` ec> a6J D f U aY a6U ` J'= a D U D U c
C f:D UJ fdhQ5D eO“ 9 Rh a:>?@ fih J\@ eO< e D Uc<oJ D J\e$J D f Uc<@ a:b< a
Y f U cNJ'= a `aD J D f U D UJ\= a D U D U c fih <oJ\e ` e_UJ'-< aU ` Z f ecU cN= eO< e a='>?@ e_=?<
` f N e_=?D< a6YRY J\@ e a C$C = fC = D anJ eN<oJ\='ec>KJ'e$= e aU ` J\@ e s f <oJx<oe D J a6M$Y e e_U Q5D = f U s eOUJ 9
a6U ƒ %
R› B%Œ+1n‡O%?&)(f* " -. " % "$# (}( # ‡ " .… :-.(….‡ " %13.„ :( ž O.„ ‡_‰} #%# ‡
LNU e fih J\@ e s f <[J= eOY e Q a6UJ€J\@ e f = ePJ D > a6Y a< C e>KJ'< fdh
g e a=\u f U D e sªC @5Z5< D >_<Y D eO< D U J\@ e D UJ eO= C Y a3Z M e_J[“ e e_U C e_=\™
J\e$='M anJ DQ e a6U ` U f Ua™ C eO=oJ'e$=\M anJ DRQ eXp drq > a6Y’>PecY a6J D f UcL< Ba“Š@ f < e€> f:sC eaJ a6J D f U aY J e>?@$U D’g e eOV< a= e g e D J e `$D <oJ D Uc>KJ D U
e a>?@> a< e 9 A,@5ecL< BJ\@ e C = eO< e_Uc> e D U J'@ eU ePJ[“ f ='u fih ePv C e_=\J'< f UM f J\@< D’` eO
< ce a6= a6UJ e eO< aU fC J DRs a4Y e > D e_Uc>_Z
h f =rZ f ecU c€= eO< e a6=?>?@ eO='<J f h a sD Y D a6= D e
“ D J\@‘J\@ f < e s a6J\@ e s anJ D > aYcJ eO>?@$U DRg e e<]“Š@ D Y e cie_JoJ D U c anJkJ\@ e2< a s eŠJ DRs e
a
` e e CiD Uc< D c@J D UJ f J\@ eFe$U ` e_='YZ D U c h e$U ` a s e_UJ aY.> f Uc> e C J?< 9 ^ f = e fnQ eOL= BJ'@ eX> f:sC eOYY D U c!U eO> eO<'< D J[Z fih > fsC eaJ e_=
> a6Y’>PecY a6J D f UcR< eO< C e> D a6YRYZ h f =]J\@ eE> a< e fdh U f Ua™ C eO=oJ'e$='M anJ DQ e ` Z5U a sD >_<{™>PY f < e_YRZ= e_Y anJ e ` J f p drq f UJ\@ eNY a6JoJ D > ex™
“ f e$Y ` <oJ\= e_U cJ\@ eOU c:= e anJ'YZ2J'@ ex<ou D YY’< fdh Z f e$U c2= eO< e a6=?>?@ eO='L< B fih e$J D Y D J[YZ e D J'@ e_= D U f J'@ e_={M$= a6U+>?@ eO< fdh M a:< D >,<\> D eOUc> e
f >= a C$C Y D e ` <'> D e_Uc> eFaU ` e_U c D U e eO= D U c4B f = e Q e_UJ\e aYYRZBJ f > f U h = f UJ2> fsC Y ePvJ eO>?@$U D > aY C = f McY e s < fdhHs aUZi< f =\J'<
D Ui> f:ss eO='> e a6U `BD U ` ec<oJ\='Z 9
ƒ %
7 -(+1nO%: " ‡ " … ž 13 5 "$# %‡OO‡XO(f„+O-1 2:( ž# " 13& Œ}%‹ ž (+O‡
A,@ eNU ePJ[“ f ='u ` eOY D M e_= anJ eOYZ C eaJ'<kJ f cie_J\@ eO=]J'@ e f = e_J D > D a6Uc< a6U ` ePv C e_= Ds e_UJ a6Y D <oJ'L< BJ'@ e_= e_M5Z h a KQ f = D U c2D <{J\@ eE• f “ fih
J\@ e f = ePJ D > aY ` e Q e_Y fC$s e_UJ?8< C D U+>PYRe `aD U cU e_“ DR` e aP< F aU ` = e> e_UgJ ePv C e_= Ds e_UJ a6Y ` anJ a a s f U cJ\@ e Q a6= D f ec<NJ e a s <
fdh J\@ eBU e_J[“ f =\u 9 A,@ D < D < f U e fih J\@ e anJ\J\= a>KJ DQ e h e a6J\e$= eO< fdhVf e$= C = f:C f < aY]“Š@ D >?T
@ c f e< s e+>?@ M e_Z f U ` J\@ anJ
“Š@ D >?@i> a6UM e f N e_= e ` MZ< D U c:Y e2J e a s L< B e Q e_U I fD U D U cJ\@ e f = ePJ D > D aUc< a6U ` e_v C eO= DRs e_UJ aY D <[J?<ŠM$eaJ I ec<[J a6J aY f > a6Y
f =ŠU a6J D f U aY}Y e Q eOY 9H– U ` e e ` B$J'@ e€> f:sC Y e_v D J[@
Z aU ` = D >?@$U e<\< fihC @Za< D >O<ŠU f D“ a ` a3Za<k= e g e D = eO< C e_= D f5`$D > a6Y s e e_J D U c:L< B
sD U D ™ “ f ='ua<o@ fC 0< a6U ` B D YU cKe_U eO= aY B3>PY f < ek> f YRY aM f = a6J D f Uc<M e_J[“ e e_U€M f J'F@ e_v C eO=oJ?< D U€J'@ e f = e_J D > a6Y a6U ` ePv C e_= Ds e_UJ a6Y
C @5Z5< D >_< D U f = ` e_=2J f <oJ\e ` ZJ\@ e C eO='< C eO>KJ DQ eO< e< C eO> D aYYRZ> f Uc> e_='U D U ciY f U c6™ J eO= s ePv C eO= DRs e_UJ'< 9t e_U+> eGBZ f e$U c
= e< e a6=?>?@ e_=?<]> a6UM e2J'= a D U e ` “ D J\@= e aY ` anJ a h = fs >_e$='= eOU:J'YZ!='e$U$U D U ce_v C e_= DRs eOUJ'< a6U ` B$> f Uc< e g e e_UJ\YRGZ B aM f5` Z
6
`badcKe
:
fih4jKk
6S
fdh @ D c:@$YZ™ J\= a D U e ` Z f e$U c C @5Za< D > D <[J?<E“ D YRYHM e!= e a ` Z h f =2J\@ eJ e>?@$U D > aY-a6U ` <\> D eOUJ DV >!>?@ a6YRY e_U cKeO<E> fsD U c h = f:s
J\@ eFU e_v5JVcie_U e_= anJ D f U fdh a>O> e_Y e_= anJ f =?< 9
ƒ %
#%" 1n„f ]1‘(f*,135‡ " 1n- O " ‡ " ž (+13 " %13 "$# (5‹ (+*,‰}(5‹ # 5…„+
m ePJec< e sC @ a< D eJ\@ e DRsC f =oJ a6UJX<[J'= e a s fdh uU f “ŠY e ` cieJ f M e e<[J a6M$Y D <\@ e ` M ePJ[“ e eOU J\@ e `aD N e_= e_UJ€J e a s < fih
J\@ eU e_J[“ f =\u“ f ='u D U c f U J'@ e!< a s e<\e$M I eO>PJ h = fs < DRsD Y a6= f =
e Q e_U `$D <oJ D Uc>KJ C e_=?< C eO>PJ DRQ e< 9X£ U ` f e$MaJ e ` YRZJ\@ D <
h a>KJr“ D YRYM eOU e V JrM f J'@ ePv C e_= D eOUc> e ` a6U ` Z f ecU c€= eO< e a6=?>?@ eO='<e$U ` e_=kJ\= a D U D U c 9 |
>PJ\e aYYRZGB a6J C = eO< e_UJHJ'@ e_= e e_v D <oJ'<
J\@ e C f <'< D M D Y D J[Z fdh a g e D >?u a>_> eO<'< Q5D a – UJ eO=\U ePJŠJ f J'@ f < e e_Y eO>PJ\= f U D > a6=?>?@ DRQ e<r> f UJ a D U D U c aY f J fihD U h f = s anJ D f U 9
Vt f “ e Q eOL= B_J\@ ekU ePv5J.<oJ e C fdh = eO< e a='>?@ eO='<fec<\e aYYRZE> f Uc< D <[J?< D U ciePJ\J D U c ax>_Y f < eO=> f UJ a>PJ}“ D J'@FJ\@ e a6e$J\@ f ='< fih = eOY a6J e `
“ f =\u B:e D J\@ eO=€J f >PY a6= D h Z < f:s e C f:D UJ'< f =€J f D U g e D = e aM f eaJXJ eO>?@$U D > a6Y ` ePJ a D Y’Y< aU ` > f Uc> e C J'< 9– U J\@ D <X= e cKa6= ` B
J\@ e h = a s e_“ f ='u C = fnQ5D’` e ` MZ a0U e_J[“ f =\u c anJ\@ e_= D U cBa6Y s f <oJJ'@ e“Š@ f Y e<'> D e_UJ DWV >> fss e$U D J[Z < C e> D a6Y D e ` D U
g e a6='u f U D e s C @5Za< D >O<N<\@ f ecY ` c:= e anJ'YZ e_U+> f ec= aicieX<\ec>?@0> f UJ a:>KJ'< 9 j f = e< e e_U Q5D < D J'L< B sD U D ™ “ f ='ua<o@ fC >< a6U ` <\@ f =oJ
<[J a3Z5<,“ D YRY ` e V U D J e_YRZB<oJ\= e_U cJ\@ eOUBJ'@ f < e a6YR= e a ` Z e_v D <oJ D U cY D U$ua< f =rU e_“,™ˆM f =\U> f YY a6M f = anJ D f Uc< 9
ƒ %
ž : " 6Œ}%5‡
A,@ e s a D U a:>KJ DQ5D J D eO<,J f M eX> a6='= D e @` f e$J D U f = ` eO=,J f < anJ D < h Z‘J\@ eYa h f = e s eOUJ D f U e ` c f a6Y’< fdh J\@ eXU ePJ[“ f ='u> aUBM e
<oe ss a6= D e ` a<Oy
a,F § ePJ[“ f ='u D U c a:>KJ DRQ5D J[Zy m ePJe+<> D J e‘J'@ e g e a=\u f U D e s “ f =\ua<\@ fC aY= e a ` Z@ e_Y ` anJ d h ;x§ŽD U V§ fnQ e s M e_=
ikik: B a6U ` a h f =oJ'@c> f:sD U c‘< eO> f U ` f U e h f = eO< e eOU a6Y f U cJ\@ D <
iZ e a= anJEj e_= sD Y a6M 9 A,@ e V ='<oJ s e e_J D U c‘D“ aV< a
= e aY<\ec>_> eO<'<EM f J\@ M e> a6e+< e fdh J\@ eY a6= cieXU5e s M eO= fdh e_v C eO=oJ?< D U g e a6='u f U D e s C @5Za< D >O
< a:<E“ eOYbY a<EZ f e$U c
= eO< e a='>?@ eO='D< a6JoJ eOU `aD U c!J'@ e€“ f ='u5<\@ f:C}9km ePJ
ec>< a6Y’< f = e s a6='u‘J'@ e C = f6I e>KJ fih “Š= D J D U c‘e C a d h ;x§ ` e_YRY f “
; e C f =oJ f UJ'@ e<oJ a6J e_™ fih ™J'@ eP™ a6=\J D U0J\@ D < a6= e a e_v C eO>PJ e ` J f M e> fs e a6U DRsC f =oJ a6UJ ` f >_e s e_UJ fih > f U+<oe$Y™
J anJ D f U M5Z0M f J'@ J\@ e ePv C eO=oYJ aU ` M5Z J'@ e‘U f Ua™ˆ< C eO> D a6Y D <[J D U J\@ D <€u D U ` fdh,C @5Za< D >_< 9 | “ e_M+< D J e>™ aY= e a ` Z
e_v D <oJ D U c!™ C e_= D f5`$D > a6YRYZe C` anJ e ` “ D YY.iu e e C a6U5Z5M f5` Z D U h f = s e ` “Š@ f > f ecY ` M e C f J e_UJ D a6YRYZ D U:J e_= eO<oJ e `D U
J'@ eFY a6J e<[VJ a `$Q aUc> e< fdh J\@ e V eOY `}9
2M F^g e D aU =\D u™ “ f Uf D='e uas <o@ fC C@5<OZ5y < D >_T < ech>?= @ fs s e`ae_D NJ D e_U = c:e_<UJ> fU ecf5Y` ` eO:< D U a6KQ U f ` Y Q <\e!e$M$< Ue Q f5eO` = eOaL< Y{B =a eDs< e Da6U =?c>>?@ a6e_J=?J'g< @ ae >P`$J DRD Q<'>Pe ecD <'U < D f C U a6=\fdJ h$D >PC e$aY =oa6J =€D >_<\e$e$Y Ma6=V e_` Y eP` J < a D fiY’< h
aU ` > f Uc> e C J'<XJ f M e ` e Q eOY f:C e ` Y anJ eO= D U > f:ss f U “ f =\ua< 9 |rJXJ'@ eB< a s e!J Ds eGBJ'@ D <“ f ecY ` M e@ac f f5`
f:C$C f =oJ'e$U D J[Z h f =‘J\@ f < eiZ f ecU cieO= C a6=\J D > DRC aU:J?<J f C = e< eOUJ!J\@ e D = C = eOY DRsD U a6='Z = eO<\e$YWJ?< C = D f =!J f c= e anJ e_=
e Q e_UJ?<ŠY D iu e,Bf< a3GZ B D UJ e_='U anJ D f U a6Y s e ePJ D U c< 9 jce$YRY g e a=\u f U D e s “ f =\ua<\@ fC <Š> a6UiM eFaYR< f > f Uc< DR` eO= e ` a<ŠJ'@ e
f U e2@ e_Y ` anJ d h ;x§”D U dkKk:a9
L> FcKA.eOea<oJ J'f <
= DJ\a6@ Y’e < a6f U= cK`aUT D>?
@ anf J f D f Y’<_Ucy< A,fi@ h e J\eaC J = f eO= < D e_aUcYR<> e ` fie h`aDeP> v anC J e_e =` Ds J f e_UJ J fa6C$Y D >_a6< U ` ` eJ\< @ eOe = f Q5= D UePJ cBD > < a6C Y eC > @5D a6ZabY < Dan> J\D J <[eOJ?U:< J D DUBf MU J\@B e2e D UJ\@ e_eOJ[“=2f M =\eu!> a6<\e+e c6< e ™
fih U eO“ ePv C e_= Ds eOU:J a6Y,= eO<\e$YWJ?< f =M e> aec< e fih J\@ ee s e_= cie_U+> e fdh U e_“ J'@ e f =\Z s fa` eOYR<“ D J\N@ a6U DsC a:>KJ
f UJ\@ e g e a6='u f U D e sŽC @ eOU fs e_U f Y f cZ 9
T ec>?@iJ'eaJ f = D a6Y’<x“ f ecY ` M eYc DQ e_UiM5@
Z e_v C eO=oJ?< f U < C eO> DWV ><oecM I eO>PJ'<
aU ` a `$` = eO<'< e ` J f M f J'@Z f ecU c aU ` < eOU D f = C @5Z5< D > D <[J?< 9{– UBJ\@ D <ŠD“ a3ZJ\@ eOZ> aUBM e a> g e a D UJ e ` “ D J'@J\@ f < e
= eO> e_UJ ` e Q e_Y fC$s eOU:J?< B C eO=\@ a C <{= e aY D _D U c a2KZ ePJ]e$U `aD <'> fnQ e_= e ` > f U$U eO>PJ D f U!“ D J\@J'@ e D = f “ŠU!“ f ='u B fC e_U D U c
U eO“ C e_=?< C eO>PJ DRQ e< aU `BC f <\< D McY e2> f YY a6M f = anJ D f Uc< 9{T >?@ f f YR< D UBU eO“ J eO>?@$U D’g e eO<r“ D YY M e f = cKaU D e ` a6U ` “ D YRY
c f M e_Z f U ` J\@ eY DsD J fihrg e a=\u f U D e s C @5Za< D >_[
< C%< e eJ\@ e T >?@ f f Y \| C$C Y D > anJ D f U+< fih eN e>KJ DRQ ej D eOY ` A,@ e f ™
= D e<
= eO> e_UJ\YRZ f = cKaU D e `€D U!^ D Y aU f C%j e_M$='ea™
a=\Z ikikS F]J\@ a6J ` e aYWJŠ“ D J\
@ e
N eO>PJ DRQ e V eOY ` J\@ e f ='Z h f = g e a6='u f U D e s a6U ` M e_Z f U ` C h f =N> f U ` e_Uc< e `Bs anJ\J e_Q= B
U5ec>_Y e a6= C @5Za< D >_< 99R9 F%F
6
(
* +) - 3* % ) - *( 2++ /'-
`badcKe SYfih4jKk
nG
` FhHva>?@ a6U cKeO<Oy.A,@ e2U e_J[“ f =\u!“ D YY eOUc> f e$= adcieE> f U:J a>PJ'<rM e_J[“ e e_UZ f e$U cX= eO< e a='>?@ e_=?<Ra6U `sf = e
ePv C eO= D e_U+> e `
C @5Za< D > D <oJ'< h = fs `aD N eO= eOUJNU fa` e<B C = fnQ5D’`aD U c V U aUc> D a6Y<oe CcC f =oJ h f =N<\@ f =\JN<oJ a3Za<C%e C J f < D v sf U:J'@c<PF 9 |rJ
J'@ eX< a s e2J DRs eGB e_v$>?@ a6U cKeO< fih e_v C eO= D e_Uc> e ` = eO< e a6=?>?@ eO='<rM ePJ[“ e e_UJ'@ e€U e_J[“ f =\u‘J e a s <Š“ D YRYM e C = fsf J e `
J f f B h a iQ f = D U c€J'@ e2• f “ fdh uU f “ŠY e ` cieEM e_J[“ e e_U `aD N eO= eOUJ D Uc<oJ D J\e$J D f Uc< 9
eQF T u D YY’<Oy A,@ e U ePJ[“ f ='u “ D YRY2M e Q eO=\Z)@ eOY C h ecY h f =J\@ e Z f e$U c = e< e a6=?>?@ e_=?< C a=oJ D >_e$Y a=\YRZ > f Uc> eO=\U D U c J'@ e
` e Q eOY f:C$s e_UJ fih <ou D YY’< D U J'@ e V e_Y ` fdh > fsC e$J D U c ` anJ a C = f > eO<'< D U c2B fdh c:= e anJeaJ D Y D J[Z D h J'@ e_Z <\@ f e$Y `
e Q e_UJ'e a6YRYZ0@ a C$C e_U J f <\“ D J?>?@J f < fs e f J'@ e_=€Mc= aUc>?@ fdh <\> D eOUc> e,B}J eO>?@$U f Y f c,Z B D U ` ec<oJ\='Z f =X> f:ss eO='> e 9
jce$=oJ'@ e_= s f = eGB:J\@ eE• e_v D M D Y D J[Z!= e g e D = e `!D UB> f:C$D U c“ D J\@ Q eO=\Z `aD >Pe$YJ,J eO>?@cU D > a6Y > aYR>_e$Y anJ D f U+< C a< D J D <]J'@ e
> a< e D U s f <oJN> a6Y’>Pe$Y anJ D f Uc< D U KQ f Y Q5D U c‘<oJ\= f U c D UJ eO= a:>KJ D f U ` ZU a sD >OO< F C = fnQ5D’` eO< a6U ePv$> e_YRY eOU:J
J\= a D U D U c h f =
J'@ e C = fdh e<\< D f U a6Y h e$J\e$= e fdhI e$U D f = C @5Za< D > D <[J?< D U `aD N eO= eOU:J V e_Y ` L< B cieOU e_= a6YRYRZ‘= e g e D = D U c a ` e e C u5U f “ŠY e ` cie
fih < fdh J[D“ a6= e
J f f YR< 9
h F| s eO= D > aU J e a s <_yXA,@ e‘U fa` eOY< a6U ` <\e$M$U fa` e< a<'< f > D a6J e ` J f J\@ e £ U D J e< T J anJ e< a6U ` d a6U a ` a<o@ f “ a6U
f eaJ'<oJ aU `aD U c Y e Q eOY fih ePv C eO=oJ D < e D U s a6U5Z a< C e>KJ?< fih
g e a6='u f U D e sªC @5Za< D >_L< B“ D J'@ s a6U5Z “ f =\Y ` ePv C e_=\J'<
D U `aD N e_= e_UgJ a= e a< 9Fm ePJ2ecg< a6Y’< f U f J eJ\@ a6gJ a6J C = eO< e_UQJ B+J[“ fs a I f = h a> D Y D J D e< D U0J\@ e V e_Y I` fdh eOY e s eOUJ a6='Z
C a=oJ D >_Y e< a= e a>KJ DQ e D U J\@ e £NT y+J'@ eA e Q a6J\= f U a6JEj e_= sD Y a6M aU ` J\@ e8 h a>PJ f =\Z `]h `{™ –o– anJ Tam | dN9 A,@ e
D U iQ f Y Q e s e_UJ fih J'@ f < eŠ| s e_= D > a6UJ e a s < D UJ'@ e C @5Za< D >_< ` e Q eOY f:C e ` a6JJ'@ f < e a>O> e_Y e_= anJ f =?< c:e a6= a6UJ e eO<J\@ anJ
aN= D >?@€• f “ fdhcD U h f = s anJ D f U C ePv C eO= DRs e_UJ aY ` anJ a>aU ` J'@ e a<'< f > D a6J e ` a6U aYZa< D P< F “ D YYaM eDeO<oJ aM$Y D <\@ e ` J f D“ a6= `
J'@ e€hHe$= fC e aUU fa` e< fdh J\@ eFU ePJ[“ f ='u anJ a< C eO> D aYJ DRs e fdh a6Y s f <[JŠU f ='e$U$U D U c a>O> eOY eO= a6J f = s a>?@ D U e< D U
h]e$= f:C e,B D9 e 9 J'@ e€< f ™ˆ> a6YRY e `C = e_™ m.tEd eO= a 9
cSF|N< D anJ D >€J e a s <_yx|
U a6Y f c f ecV< a= c:e s e_UJ'>< a< D U0J\@ e C = e> e `aD U c D J e s a C$C YRZJ f J'@ e « a C a6U e< eYaU `d @ D U e< e
J e a s U< CJ\@ e a>O> eOY eO= a6J f = h a> D Y D J D eO<,M e D U cJ\@ eF8 h a:>KJ f ='Z anJ ¤ h ¤ aU ` 8,Rh ` T anJx8 e D I[D U cSF 9Hm ePJŠec<,= e s a6='u
s f <oJkU f = e a6Y ` anJ a€“ D YYfM e f M$J a D U e ` h = f:s a>_> e_Y e_= anJ f -= e_v C e_= DRs eOUJ'<
aicKa D UJ\@ anJ ` e$= D U c€J\@ eEU ePv5J,iZ e a6=?-< a6Y D U0hHec= f:C eFJ D YRY.J\@ e a `aQ e_UJ fdh J'@ e mtEdN9 j$ec=oJ'@ e_= s f = eGB D U f = ` eO=xJ f ePv C Y fD J aYY D J?< C @Za< D >O< C f J e_UJ D a6Y B D J
D <2>P='ec> D a6YJ f @ a Q eXJ e a s < fdh Z f e$U c@ D c:@$YZ™ J\= a D U e `0C @5Za< D > D <[J?<
“ D J\@ e_v C e_=\J D < e aY= e a ` Z a> g e D = e `iD U0J'@ e
C = eP™ mt2d e_= a 9 A,@ D < h a>PJŠ<oJ\= eO<'< eO<kJ\@ e DRsC f =oJ a6Uc> e fih a< f Y D’` > f YRY aM f = a6J D f U‘“ D J\@| s eO= D > a@U a6U ` |N< D anJ D >
D Uc<oJ D J\eaJ eOV< a:< C = f:C f < e `‘D U f e$= C = f6I e>KJŠ“ D J\@i> f:ss f @U c f a6Y’D< a6U `D UJ e_= eO<oJ'< 9
@2FiLNeaJ'= e a>?@}yx|
YWJ'@ f e c@0U f J a s a D U f M I eO>PJ DRQ e fih J\@ e C = f6I e>KJ D U D J?< eOY h B D JE“ f ecY ` M e D UJ e_= eO<oJ D U c‘J f > a=\='Z
f eaRJ a6U f eaJ'= e a>?@ C f Y D >PZ= e cKa= `aD U cNJ\@ e C @Za< D >O< ` e Q e_Y fC e `D UJ'@ eŠU e_J[“ f =\u 9.t e_Uc> eGB a2<oe$M c= f e C fdh CY D Ku e_YRZ
s a D U$YRZB< e_U D f W= Fr= eO< e a6=?>?@ eO='<r“ D J\@ a!< C e> D a6:Y a6M D Y D J[@Z aU `D U:J e_= eO<oJŠJ f > f U$U eO>KJN“ D J'@J\@ eX< f > D ePJ[,Z B+> f e$Y ` M e
h f = s e ` J f J\@ D V< a DRs9 LNeaJ'= e a>?@ a>PJ DRQD J[Z sD c@J D Uc>PYRe ` eYa!< eO>PJ D f U D UJ\@ eFU e_J[“ f =\u@ fs e C adciege< C eO> D aYYRZ
` e `aD > anJ e ` J f`aDQ e$Y cie@anYJ a6U eOY e s e_UJ a=\ZY e Q e_YHJ\@ e s a D U c f a6Y’< fdh J'@ e‘U e_J[“ f =\u aU ` D J'< s f <[J€= e_Y e Q a6UJ
= eO<\e$YJ'< 9 A,@ e C a=oJ D > DC a6J D f U D U f J\@ eO=X< DRsD Y a6= f eaJ\= e a:>?@ C = f c= a s >< a:<2J\@ f < e ` e Q eOY f:C e ` anJ€M D ci= e< e a6=?>?@
> e_UJ eO='<Y D Ku e d h ;
§ B]> a6U M e> f U+< D’` e_= e `}9 |xY’< f B a6=\J D >PY eO<!“Š= D JoJ eOU anJ aU eOY e s e_UJ a=\Z Y e Q e_YN<o@ f e$Y ` M e
<\e$M sD JoJ e ` J f U a6J D f U aY+U e_“x< C a C e_=?< aU `!s adc a OD U e< B f =kJ fs f = eN< C e> D a6Y D e `2I f e$='U a6Y’< fih <'> D e_Uc> eGB C a6=\J\YRZ
a DsD U c anJ,J\@ f < eFZ f e$U c C e f:C Y eF“ D J\@ D UJ e_= eO<oJ D UM a:< D >2<\> D eOUc> e,B5J\@ e€< e e ` fih0h e$J\e$= e C @5Za< D > D <[J?< 9
D FA.= aUc< h e_= a6M$Y eE<\u D YRY’< a6U ` > a= e e_= fC$C f =\J\ecU D J D e< h f =ŠZ f e$U c= eO< e a6=?>?@ eO='<Oy}J'@ e e a=\YRZ‘<[J adcKegaU ` ePv C eO= D e_U+> e `
= eO< e a='>?@ eO='<“ D YYNM e D U iQ f Y Q e `)D U J'@ e d a:< DRsD = m eO>PJ\e$= eO< C = f c= a s B]= eO> e_UJ\YRZ ` e Q eOY f:C e ` D U ^ D Y aU a6U `
D UJ e_U ` e ` J f M e e_v C f =oJ e ` J f J'@ e f J'@ e_=< D J e< fdh J\@ D <XU ePJ[“ f ='u 9‘– J D <2J\@ e@a DRs fdh J'@ e d a< DRsD =FY eO>KJ'e$= eO<
C = f c:= a s J f >P= e anJ e a6U eOU QD = f U s e_UJ D U “Š@ D >?B@ a:> a ` e sD F> aU `0D U ` e+<[J'= D a6Y{= eO< e a='>?@ s a3Z > fs eJ f cKePJ'@ e_=
D U a h =\e D J h e$YŠ“ a3Z 9 A,@ e<\> fC eO< a6= e‘J'@ e= e> f c:U D e s eOU:JM5Z J\@ e D U ` ec<oJ\= D aYr“ f ='Y T` fdh J\@ e= eOY e Q a6Uc> e fih
= eO< e a='>?M@ B+J\@ e DRsC Y e s e_UJ a6J D f U D UJ\@ e D = C = f6I e>KJ fih]s f = eY f U c6™ J e_= s = e< e a6=?>?@ a6U ` J\@ e C = DQ a6J e<oe CcC f =oJ
J f h e$U ` a s e_UJ aY+= eO< e a='>?@ 9 LNU!J\@ e f J'@ e_=k@ a6U ` BJ\@ eNZ f ecU c C e fC Y ex“ D YRY cKePJ aU e_U Q5D = f U s e_UJH“Š@ e_= exJ'@ e D =
D’` e a:< f U a C$C Y D > a6J D f Uc< s a3Z€@ a Q e aU DRsC a>PbJ aU ` a h f YRY f “ e C}9 A,@ D < h = a s e,“ D YY$M e,= eOY e Q a6U-J a6Y’< f J f >_= e anJ e
`badcKe 6GFfih4jKk
w
h e$=\J\@ e_=k> a6= e eO= C eO='< C e>KJ DQ eO< h f ={J\@ e
Z f e$U c€<'> D e_UJ D <oJ'< 9 A,@ eN> f U+> e C JHJ f M e
<oJ\= eO<'< e ` @ e_= e D <{J\@ anJHJ'= a D U D U c
J'@$= f e c@!= eO< e a='>?@ D <HJ'@ eEM e<[J C = e C a6= anJ D f U h f =Da6U5Zu D U ` fih = e_Y e Q a6UJ I f M 9 | C a=oJ fdh J\@ eN= eO< f e$=?> e< fdh J'@ e
U _e J[“ f =\u!“ D YRY}M e ` e `aD > a6J e ` J f J'@ D <Va>PJ DRQD J[Z 9
‚ €e < e e_u aU@e g e D Y D M$= D e s M e_J[“ e e_UJ\@ eFU5e s M eO= fdh e a=\YRZ™ˆ<oJ aicie>aU ` ePv C eO= D e_U+> e ` = eO< e a='>?@ eO='< D UJ'@ eFU ePJ 9
LNUJ'@ e f U €e @ 6a U ` BcZ f e$U c!= eO< e a='>?@ e_=?<k“ D YRY= eO> e DQ e2J\@ e a C$C = f:C = D anJ e anJoJ e_UJ D f U aU ` u5U f “ŠY e ` cKe2J\= a6Uc< h e_=
h = f s < _e U D f = C @Za< D > D <oJ'< aU ` B f U)J\@ e f J\@ e_=!@ aU ` BkJ\@ eiY anJ\J e_=!“ D YRYxM eOU e V J h = f:s a Q a6YRe a6M$Y e@ e_Y C a6U `
Oe U:J'@5ec< D a < s9 8 Oe < DR` e <Br“ e “ D YRYŠJ a uie D UJ f a>_> f e$UJJ\@ ecie_U ` e_= a:< C eO>PJ'<LB eOUc> f e$= adc D U c0J\@ f < e g e aY DV e `
h e s a Y !
e <oJ\e ` _e UJ'< a U ` <\> D Oe U:J D <oJ'<EJ f I fD UJ'@ eU ePJ[“ f ='u D UBe a>?@ U fa` e 9 ^ f = e fnQ eO= D U f e$=FU e_J[“ f =\uiZ f e$U c
h e s a Y i
e <oJ\e ` _e UJ'< s 3a Z V U ` a C$C = f C = D na J e D’` _e UJ DV > na J D f U saf ` e_Y’<B,< D Uc> ei“ e@ a Q eJ a6uKe_U > a6= e fdh @ a Q5D U c
“ f s _e U D U = _e Y e Q 6a UJ C f < D J D f Uc<[C d f f = `$D U 6a J f =LB d f U Q _e U Oe ='<PFŠ“Š@ eOU e Q e_= D JFJ'e$='U e ` f eaJ2J f M e C f <\< D McY ea6U `
<\e D J 6a McY e 9
‚ D J\@ f e$=rU af ` e D U ` f Y 6a U ` ™ T Y nf Q _e U D 2a “ e D U:J _e U ` J f >P= e 6a J e
6a U@:a >_>_e s e$Y na J D f U 6a U ` na J\J\= a >PJ D f U C f D UJ D U‘J'@ e
e a <oJ fdh h]e$= :f C e a U `iD Uc< DR` Xe J\@ e > a U `aD’` na J Xe > f e$UJ\= D e < h f =NZ f e$U c <oJ\e ` _e UJ'< 9 A,@ D <
“ D YRY>_= e na J e h f =xJ'@ e s a
>_Y e 6a = f CcC f =oJ'e$U D J[Z J f ecU ` _e = c f a V =?<[JX>_Y :a <\<FJ\= a D U D U c D U <oJ\= D >PJFJ f e+>?@ “ D J\@ a YY{J'@ e s a D U D UJ _e ='U na J D f U 6a Y
Y 6a M f = na J f = D e < a U ` = Oe < e a ='>?@BY D U e <B e Q _e U“ D J\@ f eaJxY e a Q5D U Xc J'@ e D =x> f e$UJ\= D e < 9
‚ !e @ a Q e D U f e$=FU Pe J[“ f ='u a < a U af ` e a U e s _e = c D U ic > f e$UJ\='ZGB d @ D U 4a B0a U ` “ e h f = e < e e J'@ na JFJ'= e s _e U ` f ec<
a U ` e Q _e U0e$U Pe v C Oe >PJ e `If CcC f =oJ'e$U D J D Oe <E“ D YRY{> :f s e f e$J h = f s J'@ D <2> f UJ :a >KJ2M f J\@ h f =EJ\@ e d @ D U Oe < e a U ` J'@ e
h]e$= :f C e 6a Uc<kJ'@ na Jx“ D YY @ a Q e a >O> Oe <'<kJ f J'@ €e 8,h T Pe v C Oe = DRs _e UJV6a U ` J'@ €e >?@ 6a = sf U D e s ` 6a J a > f YY Oe >PJ e ` J'@ _e = e 9
IF
uaF
YF
! $ 9 -1 7 Y3( /4- ; ; 9 /Y7 :/4-
A,@ _e = eFa = eX< e Q e_= a6Y}= e a:< f Uc<Š“Š@5Z a!J\= a D U D U c C = f c:= a s D < C a6=\J D >Pe$Y a6='YZ= e_Y e Q a6UJ D UiJ\@ D < C = f6I eO>PJLBf= eOY a6J e ` J f J'@ e
h e anJ'e$= eO< C f:D UJ e ` f eaJ D U€J'@ e C = e Q5D f ec<< eO>PJ D f U 9 j D =?<oJLBda6YJ\@ f e c:@FJ\@ e g e a6='u f U D e s J fCcD > s a3Z2< e e s g e D J e,< C eO> DV >
na J V ='<oJ c:Y aUc> e,B a:>KJ\e a6YRYZ D JŠ> fnQ e_=?<-a Q e_='ZMc= f a ` a6= e a fihC @5Za< D >_< h = f:s M f J\@!J'@ e>e_v C eO= DRs e_UJ aY aU ` J\@ e f = ePJ D > a6Y
QD _e “ C f D UJ'< 9XtxD <oJ f = D > a6YRYRZGBJ\@ e `aD <'> fnQ eO=\Z fih @ e a Q Z g e a6='u f U D a C%>?@ a6= s f U D e s a6U ` M f JoJ fsf U D e s = eO< f U aUc> e<OF
= e C = e < Oe UJ e ` a J\e$='U D U c C :f D UJ fihNC @ eOU fs eOU f Y f c D > a6Y sf5` e_Y’< D UJ f sf = e h e$U ` a s e_UJ aY
> f Uc> e C J'<“Š@ D >?@ “ eO= e
Y a = cK_e YRZ ` e Q _e Y f C e ` J'@ 6a Ucu5<xJ f J'@ eX<oJ\e ` Z fih J\@ e C = f:C eO=oJ D e< fdh J'@ eXM f e$U ` <[J anJ eO< fih @ e a Q Z g e a=\ua< 9 ^ f = e fnQ eO=LB
C = e < Oe UJ h a > D Y D J D e <C e 9 c 9 8 h :a >KJ f = D Oe <LBc8,h T aU ` A0e Q anJ'= f U f eaJ'< D’` eFJ\@ eXhHe$= fC e aU £ U D f U2FŠ“ D YRY C = fnQ5DR` eFec<x“ D J\@
!a @5e cieYa sf e$UJ fih U _e “ D U h f = s 6a J D f U > f Uc> e_='U D U c!@ e a Q Z‘• a Qif = C @Za< D >O< 9 A,@ eOUiJ\@ e C e_=?< C eO>PJ DRQ e fih aU a6YRZa< D < fih
U _e “ ` 6a J 4a B D U8 C @Za< D >O< h f = D Uc<[J 6a Uc> Ge B f N _e =?<R6a U D’` e a6Y C Y a:> ex“Š@ eO= exJ f a C$C YRZ eN e>KJ DQ eŠJ\@ e f = D e< h f =kY f “NeOU e_= c D eO<
<[J e ssD U c h = f s J\@ e <[J'e ` Z fdh J\@ e g e a =\u f U D e s <\Za<[J e s C e 9 c 9 M f JoJ f:sf U D e s FY D uKe §Vf U ; eOY a6J DRQ5D <oJ D >p drq
C §
; p drq F 9 A,@ e C 6a =\J D > DRC na J D f U fdh | s Oe = D > a Ua™—|
< D 6a J D >FU af ` Oe <N“ D YY> Oe =oJ a D U$YZ s e aU h f =
J\@ ehHe$= fC e aUJ e a s < fih
J\@ e U _e J[“ f =\ua `aD = Oe >PJ a >_> Oe <'<xJ f Ba Y f J fd]h D U h f = s na J D f U h = f s J'@ e D = 6a YR= e a ` Z h e$U+>KJ D f U a6YbePv C e_= Ds eOU:J a6Y h a> D Y D J D eO<
6a U ` J\@ e Q Oe =\Z<oJ\= f U c J'@ e f = _e J D > a Y9c = f e C < 6a = f e$U `}9H– U <oe ss a =\Z!J'@ e DRsC a >PJ fdh J\@ D <ŠJ'= a D U D U c C = f :c = a s “ D YY}M e
J\@ xe @ D :c @ Oe <oJ f U e < D Uc> Še “ e a = Še U f “ D U €a < D J'e na J D f U D U‘“Š@ D >?@ D J D <HJ DRs _e YRZ a U ` a C$C = :f C = D na J re J €f C e+<o@J'@ D <]= e < e 6a =?>?@
C = f c = a ss e ` e 2e J f J'@ e h a >PJŠJ\@ 6a Jx“ Fe @ a Q e a “ e a YWJ'@ fdh U _e “ ` na J a 6a U ` “ Fe @ a Q 2e U _e “ 6a U `saf ` _e ='UJ e >?@$U D’g e Oe <
J f a C$C = f :a >?@XJ'@ e s9 A,@ D <R€a J[Z CcD > 6a Y+< D J\e 6a J D f U D U‘“Š@ D >?@ €a <oJ\e ` Oe UJr> a U cKa D U Xa Y f J 6a U `‘s a U5Z :f C$C f =oJ'e$U D J D Oe <k> 6a U
f C _e U D U h = f UJ fdh @ Ds n@ _e = 9
8 f J\@ Z f e$U c a U ` < _e U D f = C @Za< D > D <oJ'< fdh J\@ ‘e U Pe J[“ f ='u0“ D YRY]J 6a ui!e M _e U e V J h = :f s J'@ D <> f YY 6a M f = na J D f UMB}J'= a D U D U c
J\@ e s h f =,J'@ e h f = Oe < e Oe U@_e v C Oe = DRs _e UJ'< D UihHe$= f C e 9
LNU J'@ e f J'@ _e =!@ 6a U ` B,U f J 6a YRYxZ f e$U c = Oe < e 6a =?>?@ Oe ='<“ D YRY h f YY f “ Y f U c ™J _e = s > a = e _e =?< D UN_e Y e s Oe U:J 6a ='Z C a =oJ D >_Y e
C @5Z5< D >_<LB fdh > f e$=?< e 9‘§ e Q _e =\J\@ Oe Y e <\<LB a YY{J'@ e D UJ _e U+< DRQ e J\= a D U D U c = e > e DQ e ` J\@ a U$ua<2J f J'@ ‘e U _e J[“ f =\u B<\@ 6a = D U c J'@ e
= e < f YeaJ D f U fdNh C = f M$Y e s <Fa U ` = _e Y na J e ` > 6a Y’>Pe$Y na J D f Uc<“ D J'@ a `aDQ _e =?< D J[Z fdh _e v C Oe = D _e Uc> e ` <\> D Oe U:J D <oJ'<Fe D J\@ _e = D U Pe v5™
C Oe = DRs _e UJ f =2J'@ e f =\Z,B}ec< D U c `aD N _e = _e UJ C @5Za< D > a Y s _e J\@ af ` <LBecU ` f ecMaJ e ` YZ“ D YRY C = nf Q5DR` e J'@ e s “ D J'@ a@_e v5J\= e s _e YRZ
`badcKe
:w
fih4jKk
dj
ec< e h e$Y C f f Y fdh u5U f “ŠY e ` cKeGB s a6J\@ e s a6J D > aY a6U ` > f:sC eaJ a6J D f U aY$J f f YR< a6U ` B a6M fnQ e>a6YRY B:J\@ e
• ePv D M D Y D J[ZHC D 9 e 9 J'@ e
a6M D Y D J[ZJ f > f:C e“ D J\@ U e_“ C = f M$Y e s <
U f JEZKePJ2= e< f Y Q e ` M e h f = eAF
>?@ a6= a>KJ e_= D <oJ D > fih aB< e_= D f ec<N<\> D eOU:J DWV >€J'= a D U D U c
C = f c= a ss e 9F– U a6U5Z C f <\< D M$Y eY anJ eO= a>KJ DQ5D J[Z D U D U ` ec<oJ\='Z f =2> f:ss eO='> eGBJ'@ f < eXJ'= a D U e ` = eO< e a='>?@ e_=?<x“ D YYJ auie
a `aQ a6UJ adcie fih J'@ D <
> a C a> D J[Z fih < f Y Q5D U c C = f McY e s <LB e sC Y f Z D U cJ'@ e D = aM D Y D J[Z‘J f Y e a=\U g e D >?uYRZ@aU ` J\@ e D = a ` a C Jo™
a6M D Y D J[ZBJ f aUZU eO“”< D J\e a6J D f U 9 LNe$= C = f6I eO>PJ fdh J'@ e d a:< DRsD = m eO>PJ\e$= eO< C%< e e C fD UJ D F fdhkT e> 9 8 a9 9lw Fr“ D YRY@ eOY C
f e$=
<oJ\e ` e_UJ'>< a6U ` e a6='YZ‘= eO< e a='>?@ e_=?<]J f M e C eaJ D U > f U:J a>PJLB f U a h =\e D J h ecYM a:< D <Bc“ D J'@J\@ e D U ` e+<[J'= D eO<>a>KJ DQ e D U
= e< e a6=?>?@ aU ` “ e
“ D YRYcJ a6iu eE> a= eŠJ'@ anJrJ\@ D <r“ D YYf@ a Q e
a€Y a6= cie DRsC a>PJ f U!J\@ e D = h eaJ'e$= e C e_=?< C eO>PJ DRQ e<Ra6U ` > a= e e_=?< 9
j D U aYYRGZ Ba< D Uc> e
J'@ D < V e_Y ` @ a<kM e e_UY a= cKe_YRZ> fsC a=oJ s eOUJ a6Y D e ` a6U ` h = aic s e_UJ e `‘D U e a>?@U anJ D f U a6Y<[J anJ eEe C
J f U f U“ B J'@ D <FU ePJ[“ f ='ui“ D YYH@ a Q eJ\@ e!M eO<oJ DRsC a>KJ f U0J'@ e!J'= a D U D U c fdh Z f e$U c= e< e a6=?>?@ e_=?<NMZ0= e s fnQ5D U c<oec>?@
Y DRsD J anJ D f U 9
! $ &)(+1 / ; ( T7 (M- / A* a- :( 6 ( 9U(M/4;%( 1 ( /Y(.*S(M- /4143 (M/4*
‚ e
> f Uc< D’` e_={J'@ anJ{J'@ exU e_J[“ f =\u<o@ f e$Y ` > f UJ'= D M$eaJ e ` e V U D J e_YRZXJ f J\@ e,J'= a D U D U c fih Z f ecU c2= e< e a6=?>?@ e_=?<BnMceaJ anJ{J'@ e
< a s e]J DRs e C = fnQ5D’` e{J\@ e f:C$C f =oJ'e$U D J[Z2J f J\@ e ePv C e_= D eOUc> e `€C @5Za< D > D <oJ'< fdh > f YY a6M f = anJ D U cx“ D J'@XJ'@ erU e_“ cKe_U eO= a6J D f Uc<
fdhŠC @5Za< D > D <[J?<B h e$YRY fdh eOU:J'@5ec< D a< s aU ` ` eO< D = e fih Y e a=\U D U c 9 A,@ e!M e_U e V J'<Xe$U ` f e$MaJ e ` YRZ“ D YRY]M e s eaJ'e a6Y 9‚ e
J\='Z0J f a>?@ D e Q eJ\@ e s anv DRs aY sD vJ'e$= e a sf U c e a=\YRZ<oJ aicie!= eO< e a6=?>?@ eO='< aU ` ePv C e_= D eOUc> e ` = e< e a6=?>?@ e_=?< anJ€J'@ e
C f <[J ` f >KJ f = aYY e Q e_Y 9 A,@ D <,“ D YRY}M eFM eOU e V > D a6YJ f M f J'@MB c DQ5D U cXJ f J\@ e V =?<oJ f U e<r< fs e D U:J e_= a>PJ D f U“ D J'@ C e_=?< f Uc<
s f = e e_v C e_= D e_Uc> e ` M$eaJ<[J D YRY]Z f e$U c = e< e a6=?>?@ e_=?<LB
anFJ aiY anJ e_=<[J adcie fih J\@ e D => a= e e_=?< a6U ` < fs e> f U$U e>KJ D f U J f a6U ` J f J\@ e€< e> f U ` f U eO<rJ'@ e C f <\< D M D Y D J[Z‘J f > f YY a6M f = anJ eN“ D J\@Z f e$U cKe_= C eO='< f Uc< aU ` J f!` e Q e_Y fC < f:s e
J'= a D U D U c
<ou D YY’<kJ\@ a6Jr“ D YYM e C = e> D f ec< h f =kJ\@ e s a6DJ aY a6J eO=r<oJ aicie fih J\@ e D =,> a6= e eO='< 9 ^ f = e fnQ eO-= c DRQ eOU!J\@ eE= eO< e a='>?@‘<\e$M I e>KJ
fdh J'@ eBU ePJ[“ f ='u“ e ` f U e e ` h f = f e$== e< e a6=?>?@ C Y aU M f J\@ J f J\= a D U Z f e$U c C e fC Y e C e a=\YRZ <[J adcieB= e< e a6=?>?@ e_=?L< B
D9 e 9 `H@ q <oJ\e ` eOUJ'P< F h f =ŠJ'@ e h e$J\e$= eYa6U ` J f @ a Q e C e fC Y eYanJŠJ'@ e C f <oJ ` f >PJ f = aY Y e Q e_Y C e_v C e_= D e_Uc> e ` = e< e a6=?>?@ e_=?P< F
J\@ a6JX> a6U > f UJ\= D M$e$J eJ f J'@ e C = f c:= e<\< D U = eO< e a='>?B@ a6Y f U c f e$=€<'> D e_UJ DWV > f M I eO>PJ DRQ e< 9 LNU$YRZ M5Z J'@ e sD v5J\ec= e fih
e a6='YRZB<oJ adcKe a6U ` e_v C eO= D e_Uc> e ` = eO< e a='>?@ eO='<r“ e€“ D YY.M eYaM$Y eFJ f‘C e$='<\e eFJ'@ eX<'> D e_UJ DV > aU ` J\= a D U D U c a Ds < fih J'@ e
C = e< eOUJkU e_J[“ f =\u 9 A,@e+<k“ e s aiu e
J\@ e C = fC f < a6Y h f =rJ\@ ega<'< D cU s eOUJ'< fdh `]@ 9{qX9 a6U ` ` f <oJ ` f >PJ f = aY h e_YRY f “x<\@ DRC <
a s f U cJ\@ eFU fa` eO< a:<Š> f UJ a D U e `D Ui:A a6M$Y e a9]d h ;x§ D <,U f Jx= eO> e DRQ5D U ca6U5Z h eOYY f “x<o@ DC BaM e D U c aY= e a ` Z e_U ` f “ e `
“ D J'@ s aUZ f J'@ e_=€< f e$=?> e< fdh h e_YRY f “x<\@ DRC <_yF@ f “ e Q e_=EJ'@ e d h ;x§ J e a s s e s M e_=?<F“ D YYk<[J'= f U cYRZ > f U:J'= D M$eaJ eJ f
J\@ e!= eO< e a='>?B@ a6U ` J\@ eJ\= a D U D U c a:>KJ DQ5D J D eO< fdh J\@ e!U ePJ[“ f ='u 9£N¤ aU ` d @ D U a ciePJ f U$YRZ f U eKZ e a6=2J f J a6Y h f =2J'@ e
`H@ 9 qX9 <oJ\e ` eOUJ'<]J\@ a6J D < D UJ e_U ` e ` J f M eNec< e `D U C e_= D fa` < fdh h eO“ s f UJ\@c<kM5Z< e Q e_= a6Y `]@ 9 q9 <[J'e ` e_UJ?< C e a6='U D U cYa
`H@ 9 qX9 eOYR< e_“Š@ e_= e D UBJ\@ eFU e_J[“ f =\Yu F D U f = ` eO=kJ fQD < D QJ B$> f YRY a6M f = anJ e
a6U ` J au D U c a `aQ a6UJ aicie fdh J'@ e2Y f > a6Y h a> D Y D J D eO<
C J\= a D U D U c4B ePv C eO= DRs e_UJ aY Y aM 9R99 F 9k‚ eF@ a Q e C Y aU$U e ` J'@ D U c:<ŠY D iu e2J\@ D V< aYR< f h f =ŠJ'@ e C = f M$Y e s <,= e_Y anJ e ` J f eOU:J e_V= a
`H@ 9 qX9cC = f c= a s f UU e_J[“ f =\u h e$U ` < D U<\ec>?@> f ecU:J'= D eO< 9 A,@ D <,“ f e$Y ` M e D U C = D Uc> DC Y e2J'@ e2M e<[J a=\= a6U cKe s e_UJ h f =
f e$=NU ePJ[“ f ='u 9r– U C a6=\J D >Pe$Y a6Q= B D J
“ D Y4Y a6YRY f “”< s aYY e_>= c= f e C <,J f @ a Q e a `]@ 9 q9 a6U ` a ` f <[J ` f >KJ f = a6Y h e_YRY f U“ B$J\@ anJ
“ D YRYfJ\e$='U f eaJ]J f M eN= e_Y e Q aU:J h f =kJ\@ eE= eO< e a6=?>?@ a6U ` J\= a D U D U cFa:>KJ DRQ5D J[Z fih J\@ f < e C Y a> e< 9Vt f “ e Q e_Q= B D h J\@ e C = eO< e_UJ
`aD <oJ\= D M$eaJ D f U fih h eOYY f “x<o@ DC < s a3Z f = D c D U a6J eaJ f f Y a6= cieJ f J a6YHMce ` cie_LJ B.“ e a= e a Q a D Y aM$Y eJ f = eOU e c f J D anJ e!<oec>?@
`aD <oJ\= D M$eaJ D f U“ D J\@J\@ e€h dN9
ƒ R› % N" 1 # & ‡O " „fi1n5‡O " 1n3-:1n‡
s f <oJ C a=oJ fdh0f e$=rU fa` eO< D U f = ` eO=]J f e a6='U a `H@ 9{q9 f U‘J'@ D < C = f6I e>KJ
`H@ 9{q9 <[J'e ` e_UJ?<k“ D YRYfM e2= e>P='e D J e ` anJrJ\@ e a6U ` J'@e+<x“ D J\@ aU a C$C fD UJ s e_UJ fih J'@$= e e€KZ e a6=?< 9]– U h eO“”> a< eO<,J'@ e C e_= D f5` fih a C$C fD UJ s e_UJ
“ D YY.M ee C J f f U e
s f UJ\@cP< F fdh a `H@ 9 q9$C = f6I e>KJŠ“Š@ D >?@ D <
iZ e aV= a6U ` J\@ eO< e C f < D J D f Uc<x“ D YRY<\e C$C f =\J
< e> f U `as e_UJ'< h f V= a C a6=\J C%< fs e > a6='= D e ` f e$J D UJ\@ e D = f “ŠU> f e$UJ\='Z‘“ D J\@ f J'@ e_=x<\e C$C f =\J 9]T e eF0A aM$Y e h f =,J\@ e ` ePJ a D Y’< 9
‚ eNM eOY D e Q exJ\@ anJ D J,“ D YRYfM e
ePv5J\= e s eOYZM e_U e V > D a6Y h f =kJ\@ eg`H@ 9q9 <[J'e ` e_UJ?<]J f > a6='=\Z f eaJrJ\@ e D = f “ŠU<oJ a=oJ D U c
= e< e a6=?>?@ C = f6I eO>PJEM e D U c D U:J e c:= a6J e `0D UJ\@ eU ePJ[“ f ='u a>KJ DQ5D J D eOg< a6U ` e_v C f < e ` J fD J'<F< e Q eO= aY `$D N e_= e_UJF= e< e a6=?>?@
`badcKe ijYfih4jKk
:~
Y D U eO< D UJ\@ e f ='Z a6U ` e_v C e_= DRs eOUJ 9 A,@ D <,“ D YRY}@ a Q e D U D J?< eOY h aJ\= e s e_U ` f ec<kJ'= a D U D U c!> f UJ e_UJVa6U ` “ D YY0a6YRY f “ J'@ e
`H@ 9Šq9 <oJ\e ` e_UJ'<xJ f a QKfD’` “ f ='u D U c D U a!> fsC a6=\J s eOU:J a6Y D e `BV eOY ` aU `D U a6U D < f Y a6J e ` “Da3Z 9r‚ e€M eOY D e Q eFJ\@ anJ
J\@ D <U ePJ[“ f ='u0“ D YYDa6YRY f “ J f >_= e anJ e D U J\@ ehRa<oJ C a6=\J fdh h]e$= f:C e@a6U ` D U J'@ eB> a6U `$DR` a6J e> f ecU:J'= D eO<Fa C f Y e fih
anJoJ'= a:>KJ D f U h f =ŠZ f ecU c<oJ\e ` e_UJ'<
> e_UJ e_= e ` a6= f e$U ` J\@ e c= f e CBD U ¤ = a6u f “ aU `maI e$M$Y I a6U a 9
ƒ R› ’ƒ0/
(f‡_ '…(}6(c1 "$# 1n5‡O " 1n3-:1n‡
` f <oJo™ ` f >KJ f = aY]= eO< e a='>?@ eO='<<o@ f e$Y ` C Y a3T
Z a6U DsC f =\J aU:J!= f Y e D U J'@ eU ePJ[“ f ='u 9 | h J e_=‘> fsC Y ePJ D U cJ\@ e D = `]@ q
<[J'e `aD eOL< B}J\@ e_Z “ f e$Y ` Y D iu eOYZi@ a Q e a:> g e D = e ` J'@ e s a D U s anJ'@ e s a6J D > a6YJ f f Y’< a6U ` “ f =\u D U c s e_J\@ fa` < D U C @5Z5< D >_<
J f <oJ a=oJ aU a>KJ DQ5D J[Z “ D J\@ f eaJJ'@ e U e e N` fih a <\e C e_= Q5D < f = 9”T J D YY D J D <B> f U Q e_U D e_UJ D U s f <[J> a< eO< a u D U `Nfih
h = a s eO“ f =\u<\e C$C f =\J D U cXJ'@ e s aU `‘C = fnQ5D’`aD U cFJ\@ e2@5e s a6@
U a6U ` J eO>?@cU D > a6Y= eO< f e$=?> e<{J f > a=\='Z f eaJŠ<oe+>_> e<\< h e$YRYZ a
C = fI eO>PJ 9 A,@ D :< c f a6Y5> aUXM eDa:>?@ D e Q e ` “ D J\@ D U f e$=U ePJ[“ f ='uE“Š@ f < e D Uc<oJ D J\eaJ eO<@ a Q e aNY f U c
ePv C eO= D e_U+> e aU ` <oec>O> e<\<
D UJ\@ D <E= e cKa= ` B“ D J\@0J\= a D U D U caU ` <'> D e_UJ DV > C = f c= a ss eO<
e$U ` eO=2“ a3Zi“Š@ D >?@> a6U D Uc> f = C f = a6J e C f <oJo™ ` f >KJ f = a6Y
= e< e a6=?>?@ e_=?< 9 A,@ eFU f = s a6Y C e_= D fa` fdhC f <[J\™ ` f >PJ f = aY a C$C fD U:J s e_UJ'<Š“ D YRY}M e2J[“ f iZ e a='D< a:<,ec<oe a6Y 9
ƒ R› R› ž :1n5…)1n5‡O " 1n3-.1n‡
|xY’< f ePv$>?@ aU cie< fdh ePv C e_= D eOUc> e ` = e< e a6=?>?@ e_=?<HM ePJ[“ e eOU `aD N e_= e_UJrU ePJ[“ f ='uJ e a s <r“ D YYM e C = f:s f J e ` CU f JŠ<o@ f “ŠU
D U‘:A a6M$Y e F 9 A,@ D <H“ f e$Y `D Uc>_Ye ` eN<\@ f =\J]<oJ a3Za< C h = fs < e Q eO= aYa“ e e_ua<J f h e_“ s f UJ'@cO< F fdh < eOU D f = C @5Za< D > D <oJ'< D U `aD h ™
h e_= e_UJ D U+<[J D J'eaJ D f Uc<HJ\@ eO= eOM5YZ a6YRY f “ D U cEJ\@ e C f <\< D M D Y D J[Z fdh “ f =\u D U cNJ f cKePJ'@ e_= f U C a6=\J D >Pe$Y a6=J f:C$D >_< fihg e a=\u f U D e s
C @5Z5< D >_< 9Bm e_JXec<F= e s a=\u f Uc> e adcKa D UJ\@ e s eaJ'e a6YkM eOU e V > D a6Y D Ua•ce eOUc> e fdh J\@ eB> f YRY a6M f = anJ D f UM e_J[“ e e_U Z f e$U c
a6U ` ePv C e_= D eOUc> e ` = eO< e a='>?@ e_=?< B C a6=\J D >Pe$Y a6='YRZ‘“ D J'@ D U aU e_J[“ f =\u 9
ƒ R› 7 "$# '( ž.ž (+13 .%?& ž ( # 6& " … ….Œ+13O‡O.„ (f* " " .:%5‡
|xYRY+J'@ e D Uc<oJ D J\e$J eO< fih J\@ eEU ePJ[“ f ='u a6= eVe g e aYW™ fC$C f =\J\ecU D J[Z e sC Y f iZ eO='< a6U ` J\@ D <r“ D YRY+M e
ePv C Y D > D J'YZ!<oJ anJ e `D U!J'@ e
h eaJ\e$= e I f I
M a `aQ eO=oJ D < D U c 9 ^ f = e fnQ e_Q= B a C$C Y D > anJ D f U+< h = fs a ` e g e anJ e_YRZ g e aY DV e ` h e s a6Y e> a6U `aD’` a6J eO<
“ D YRYM e ` e$YRZ
e_Uc> f e$= adcKe ` 9i§ e_J[“ f =\B
u `H@ 9 q9 a6U ` C f <oJo™ ` f >KJ f = a6Y C f < D J D f Uc<€“ D YRY]M e@a `$Q e_=\J D < e ` D U < e Q e_= a6Y]“ a3Za< D Uc>PYRe `aD U c
`aD = eO>PJ eP™ s a D Y D U cJ f aYYHh]e$= f:C e a6U @ D c@a™ e_U eO= c:Z c= f e C < a6U ` “ DR` e_YRZ:™ˆ= e a ` <'> D e_UJ DV > I f ec=\U aYRL< B C ecM$Y D > a6J D f U f U
= eOY e Q aUJ,“ e_M< D J eOV< aU ` f UJ'@ e€^ d ja|”“ e_Mi< D J e 9
`badcKe
~
fih4jKk
6 A0e a s
hRa=\YRZ‘<[J adcKe Hh v C eO= D e_Uc> e ` A f J a6Y d f UJ\= D M$eaJ D U c d f U:J'= D M$eaJ D U c
C C = eOeO< ='e <oa™ s ='>?f @ U:eOJ'='2@ < F C C = eOeO< ='e <oa™ s='>?f @ U:eOJ'='@2< F
C =D U eO`a< e DRQ5a='DR` >?@e eOa6='Y’<O< F C C = eOeO< ='e <oa™ s ='>?f @ Ue_J\=?@2< F
9
– J a6YRZ
KS j
nG
jKk
O C 6S F
GKk a9 z eO= s a6U5Z –
KS j
nG
jKk
i C w F
GKk S$9 z e_= s a6U5Z –\–
KS j
nG
jKk
i C w F
6 Gc9 £ U D J e `i¤2D U c ` fs
3
nG
KS j
Ck F
dk
wa9
T5C a D U –
KS j
nG
jKk
~ C i F
O©~
j$9
T5C a D U –\–
KS j
nG
jKk
© C _G F
O©~
~59 j$= a6Uc> eP™—8 eOY c D e s
SKj
nG
jKk
O C 6S F
dj
$9
d h ;x§
w C w F
S~3G
©$9 ` f Y a6U ` ™ T Y fnQ eOU D a
SKj
nG
jKk
i C w F
dj6G
k$9
d @ DU a
3
nG
KS j
C 3~ F
w
i9 §Vf =oJ'@| s e_= D > a
O C nG F
S:w6 a9
« a C a6U
k Ck F
jS
~ j
j
G:© OGG C O© F
Sw:w
A
LEA| m
A0aM$Y e y § e s M eO= fih e a6='YZ <[J adcKe a6U ` e_v C e_= D e_Uc> e ` = eO< e a6=?>?@ eO='<EJ f M e V U aUc> e ` MZJ\@ eU e_J[“ f =\ui™ § e s M e_=
fdh ePv C eO= D e_U+> e ` = eO< e a='>?@ eO='< C a=oJ D > DC a6J D U c D U J'@ e U e_J[“ f =\'
u C D U C a= eOUJ\@ e< D < BkJ\@ e < a s e > f YRe s U <o@ f “x<J'@ e
J f J a6Y,U5e s M e_= fdh = e< e a6=?>?@ e_=?<B D Uc>PYRe `aD U cJ\@ e<[J'e ` eOU:J?>< Fˆ™ G KZ e a6=<oe s fdh
C e_=?< f Ua™ s f UJ\@c< h = f:s ePv C eO= D e_U+> e `
= e< e a6=?>?@ e_=?< D UJ\@ eFU ePJ[“ f ='u 9
L U  , {{0 ! $%" 7 %(.1 Y; ( 9UM( / a;<*S( 7 a3 ('& .( *S(M- /4123658(M- *
A,@ e C = fC f < e ` U e_J[“ f =\uX> fsC = D < eO< = eO< e a6=?>?@J e a s < h = f:s© > f e$UJ'= D eO< fih J\@ e
h]e$= fC e a6U £ U D f UMBM e D U c f U e fih
J\@ f < e h = f:s ahHe$= fC e aU D UJ e_= c fnQ eO=\U s eOUJ a6Ya= eO< e a='>?@ f = c a6U D
a6J D f UHC d h ;x§ F
B f U e h = fs J'@ e d aU `aD’` anJ e T J anJ eO<
C ` f Y a6U ` a6U `T Y fnQ e_U D aSFWB f U e h = f:s a€Y eO<'< h a Qif = e ` = e c D f U C š aY eOUc> D a,F 9 j f =rJ'@ eN= eO<oJ,“ eE@ a Q e f U e
J e a s h = fs a6U
e s e_= c D U c> f ecU:J'=\Z C d @ D U a,F
B a6U ` J e a s <,= eO< C e>KJ DQ e_YRZ h = f:s §Vf =oJ'@| s e_= D > a aU `« a C a6U 9
|xYRY]J e a s <@ a Q eM e e_U < e_Y eO>PJ e `Tf U J'@ eBM a< D < fdh J\@ e h f YY f “ D U c0>P= D J e_= D acy 2F J fC g e aY D J[Z fdh = eO< e a6=?>?@ a6U `
J\= a D U D U c > a C a6M D Y D J D eO< F Y e a `aD U c a6U ` = eO> f c:U D e ` ePv C e_=\J D < e D U C f U e f = sf = e fdh F J'@ e< e Q e_U)J f:C$D >_< fih
f e$=
= e< e a6=?>?@ C = f c= a sŽS ,F uieOZa6U ` > fsC Y e s e_UJ a=\Z= f Y e fdh e a>?@J e a s D U f = ` e_=xJ f a:>?@ D e Q e2J'@ e f M I e>KJ DRQ e< fih J'@ e
= e< e a6=?>?@ C = f6I e>KJ 9
j f = a6YRY$J\@ e
= e a< f U+<4ePv C Y a D U e `D U!J\@ e C = e Q5D f ec< C a6=\J fdh J\@ e C = fC f < a6Y 6B J\@ e d @ D U eO< eGB £NT | a6U `!« a C a6UJ e a s <
a6= e2> f Uc< D’` e_= e ` a< Q5D J a6Y J f J\@ e€<'> D e_UJ DV >2<\ec>_> eO<'< fdh J\@ eFU e_J[“ f =\u B a6U ` J'@ e_= e h f = eEJ\@ e D = C a6=\J D > DRC anJ D f U D < D UBJ'@ e
D UJ eO= e<[J?< fdh J\@ e€h]e$= fC e a6U £ U D f U 9
|xYRY{J\@ eJ e a s <2@ a Q e D U C a6=\J a6YR= e a ` Ze<[J a6M$Y D <o@ e `0s eaJ\e a6YH= e_Y anJ D f Uc< fdh <'> D e_UJ DWV >> f YRY aM f = a6J D f Uc< 9 |
YY{J'@ e
J e a s < a6= e sD v e `D UJ'@ e f = D <[J aU ` ePv C e_= Ds eOU:J a6Y D <oJ'< 9 A f f:C J DRsD eX<oe+>?@ sD v D U c4B e a>?@J e a s D <Ve_U ` f “ e ` “ D J\@
a6
U ePv C eO= DRs e_UJ aY ` e C eaJ[Z“Š@ eOU e Q e_=,J'@ e€<\> D eOUJ D <[J D U>?@ a6= cie D < aJ'@ e f = D <[J f = Q5D > e Q e_=?< a 9
– U J f J a6Y BJ\@ eBU ePJ[“ f ='u> fsC = D < eO< a C$C = f v Ds anJ e_YRZ OGKk J\@ e f = ePJ D > a6YRaU ` e_v C e_= DRs eOUJ a6Y C a6=\J D >PY e C @5Za< D > D <oJ'<
J f cKePJ'@ e_=r“ D J'@ fnQ e_= G k `]@ q = e< e a6=?>?@<oJ\e ` e_UJ'< 9{– UB:A a6McY e S “ e>c DQ eŠJ\@ eEU fa` eNJ e a s <BJ'@ eE<'> D e_UJ D <oJ'< D U>?@ a6= cie
a6U `€` e C eaJ D e< fdh e a>?@2J e a s B3J\@ ekU5e s M eO= fih ePv C e_= D eOUc> e ` = e< e a6=?>?@ e_=?< C%<oJ a N a6U `FC f <oJ ` f >PJ f = aY F a6U ` J'@ erUe s M e_=
fdh = e< e a6=?>?@<[J'e ` eOU:J?<,J\@ anJx“ D YY}M e D U KQ f Y Q e `‘D UBJ'@ eFU e_J[“ f =\u a:>KJ DRQ5D J D e< anVJ e a>?@U f5` e 9
A,@ e g e aY DV > anJ D f @U a6U ` ePv C eO= D e_U+> e fih e a:>?@‘J e a s D < ` eO<'>P= D M e `D UJ\@ e h f YY f “ D U c C aicieOL< B:J f cKePJ'@ e_=r“ D J'@J'@ e D =
`badcKe Yfih4jKk
6©
< C Oe > D aY e_v C eO=oJ D < eGBa= eO< e a='>?@ C = f c= a ss e D UBJ\@ e2> f UJ e_v5J fih J\@ e fnQ e_= a6YRY C = fI eO>KJQB a6U ` ePv D <oJ D U cY D U$ua<r“ D J\@ f \J @ e_=
J e a s < 9 j f =,J\@ eFU f Ua™—h d J e a s <BaJ'@ eFM e_U e V J'<,J f J\@ e d f:ss e$U D J[Z h = fs J'@ e D = C a=oJ D > DC a6J D f U a6= e2Y D <[J e ` 9
H}:%5O‡_‡ 3- " 1n„f (f*ŠO- :?‹X(+13‰{y
§Vf = a8r= a s M D YY aXC%A t F
B £ U DQ e_=?< D J[Z fdh ^ D Y aU f B `]@5Z5< D >_< q e C a6=\J s eOU:J
; f M e_=\J f ^iec<'< aXCh `]FWB –[§ j § A f = D U f
T > D e_UJ D <oJQC q e C eaJ[ZYF
§ e s M e_= fih § e s M e_= fdh
0A e a s
`badcKe
D U>?@ a6= cie
= eO< e a='>?@ eO='< <[J'e ` eOU:J?<
:9
– J aYZ
iS k
§X9 8r= a s M D YY aXC ;F9 ^ ec<\< a,F
O w
$9 z e_= s a6U5Z –
S
i
G
8 9+¤ U D eO@$:Y C%| 9 ^ eOZieO=PF
Sc9 z e_= s a6U5Z –o–
SS
i
G
| 9cVt f a6U cHC dN9 ¤2D eO<\Y D U cSF
G+9 £ U D J e `¤2D U c ` fs S:w
^ 9$¤ = ade s eO= C z9 D8 aY D F
w$9
T5C a D U –
iS j
«+9+T f J f C m]9+z a6='= D’` f F
~
G
jc9
T5C a D U –o–
S~
©
w
^ 9cT aUc>?@ D U< C «+9+T aYWWJ F
~a9 jc= aUc> e_™ˆ8 e_Y c D e s S O w
| 9cq e€|xU ` = e aXC «c9cz = f <'< D f = ` F
c9
d h ;
§
KG k
w
^ 9 ^ a6U c a6U f C kc9HT >?@$U e DR` eOP= F
©c9 ` f Y aU ` ™ T Y fnQ e_U D a G tX9 `ba6YRu a C ¤9 z f Y e>K™—8 D e_='U a6LJ B ` 9 ¤ = D aU2F
i
G
k$9
d @ DU a
GG
«+9 ^ aC%j 9ct a6='= D P< F
©
K9 V§ f =\J\@| s eO= D > a
GG h 9 8 e_= cieO= C T9+
z fa` h = e_,Z B šX9 `ba C a `aDRsD J\= D f e2F
O j
3a9
« a C aU
Gw
k
8 Y9 ` a6Mc<\Y eOZ C `9 T e sD U f F
0A aM$Y e S y T e ss a6='Z fdh 0A e a s L< B ; eO< e a='>?@ e_=?< B `H@ q a6U `qNDC Y fs a T J'e ` e_UJ?< – U Qif Y Q e `
`badcKe ©Yfih4jKk
Sik
› %
% K "c# &)O " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
§Vf = a8r= a s M D YY aXC%A t F
B £ U DQ e_=?< D J[Z fdh ^ D Y aU f B `]@5Z5< D >_< q e C a6=\J s eOU:J
q e C eaJ[Zy ; f M e_=\J f ^ie+<\< aC%h `]F
B –[§ j § A f = D U f
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # O 3y
BŒ b #%" ( † y §€9 8r= a s M D YRY a CA t B iw k FWB z9 `H= f < C eO= D C%A t B wdk FWB$| 9cš a D = f C%A t B ~ k F 9
S ` f <[J ` f >_< C%A t B jKk FWB <oJ\e ` eOUJ'< CA t nh ` B iw k F 9
BŒ (+1n%( † y ;F9 ^ie+<\< aHC%h ` B iw k FWB ;€9d eO<oJ eO= C%h ` B Sik F
Bch 9 ^ e_U D >?@ ePJ\J D C%h ` B :w FWB §X9
`ba<oJ\= f U e[C%h ` B w F D9 <[J'e ` eOU:J Ch ` B kik F 9
BŒ 5(5Œ " † y dN9 `ba6J\= D c:U a6U D C%h ` B dw k F
B h 9 ; f MceaJoJ D Ch ` B wik F 9 <[J'e ` e_UJ>C%h ` B `H@ q B
ik F 9
1 " ‡O " O ( " ny$^ 9 ` 9c9m f:s M a= ` f C%A t B iS k F
Bcj 9 ^ aYWJ f U D CA t B wik F 9
BΠi/
1 „+ " † y `9 T = DRQ a<oJ a Q aHC%A t B G k FWBL 9 `ba6U$U e_YRY aCA t B dw k F 9E ` f <oJ ` f >O<LCA t B wdk F
B `H@ 9 qX9 <[J'e ` e_UJ CA t B kik F
s f UJ\@c< 3Z5=
y O ePv C e_= D eOUc> e ` = eO< e a='>?@ e_=?< B w <[J'e ` e_UJ?< B k: C _Ga~59 j “ D J\@i<oJ\e ` eOUJ'P< F C eO='< f U ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3T fs e fdh J'@ e s e s M e_=?< fdh J'@ e!^ D Y a6U f J e a s @ a Q e s f = eXJ\@ aU 3w iZ e a6=?< fih ePv C e_= D eOUc> e D U @ e a Q Z g e a=\u f U D e s
C @5Z5< D >_< 9§X9 8r= a s M D YRY a D <]> f U Q eOU e_= h f ={J'@ eN< C e>KJ'= f <\> fC Z€J a<\Fu a6U ` | 9š a D = fgh f = ` e> a3Za< 9 A,@ eOZ@ a Q e ePv C e_=\J D < e
D U V e_Y ` J'@ e f =\ZM f e$U ` <oJ anJ eO< a6U ` U f U$™ C e_=\J\e$='M a6J DRQ e a C$C = f a>?@ eO<{J f p drq a6U ` J fg e a6='u f U D e s C @Za< D >O< 9 A,@ eOZ
@ a Q ex> f UJ\= D MceaJ e ` J f cKePJ'@ e_=H“ D J\@B| 9 ` D U e ` a aU `!«+9T f J f J f J\@ e ` e Q e_Y fC$s e_UJ fih a2U e_“ eN e>KJ DRQ exJ\@ e f ='Z> aYY e `
Cc§
; p drq B“Š@ D >?@ @ a< ai“ e a6YJ\@ fih a CcC Y D > a6J D f Uc< 9 A,@ eB^ D Y aU f c:= f e C “ D YY C = fnQD’` e e_v C eO=oJ D < e D U J'@ e‘J a<\u5<Oy
< C eO>PJ\= f <'> fC ,Z B ` eO> a3GZ B T J a6U ` a6= ` ^ fa` e_Y s e a<\e$= e s e_UJ'< a6U ` “ D YY D UJ e_= a>KJE<[J'= f U cYRZ D UJ\@ e= e< e a6=?>?@ C = f6I e>KJ fih
J\@ e C = fa` ec>PJ D f U a6U `s e `aD aJ a:<oua< 9
A,@ eiA f = D U f a6U ` z e_U fnQ a <oecM c= f e C <“ e_= eBJ\@ e f = D c D U a6Y C = fC f < e_=?< fih J'@ ei<[J'e ` Z fih >?@ a= s f U D e s D U Z Z \
a6U$U D @ D Y a6J D f Uc< D U J'@ e d h ;x§ ePv C e_= Ds e_UJ ;N~ kGc9 A,@ e > f YY a6M f = anJ D f U M e_J[“ e e_U J\@ e J[“ f c= f e C <B> f UJ D U5e e `
J\@$= f e c:@ f e$J{J\@ eEj e_= sD Y a6M e_v C eO= DRs e_UJ'<Hh ~ jKk a6U ` h :S:w B ` e `$D > anJ e ` J f€C = e> D < e s e a<\e$= e s e_UJ'< fih >?@ a6= s f U D e s
< C eO>PJ\= f <'> fC YZ aU `!` e> a3Za< 9 |xU aYZa< D < fdh J\@ eNh SwE` anJ a D <He$U ` eO=]D“ a3Z 9d ec=\= e_UJ\YRGZ BJ\@ eNA f = D U f c= f e CD <{“ f ='u D U c
D UJ\@ e d ^ Tid f YRY aM f = a6J D f MU B5“Š@ D Y e2J'@ e z e_U fnQ aFc= f e CBD < D UJ'@ e€D8 aD8 a6=Š> f YY a6M f = anJ D f U 9Hd Y ae `aD a `ba6J\= D c:U a6U DfD <
a s e s M e_= fih J\@ e `ba6=\J D >PY e q anJ a z = f e C}9
^ a6= D a `ba f Y a 9m f:s M a= ` f‘D <E> f U Q e_U e_= h f =
J'@ e^ e `aD a!J a<\u fih J\@ eU e_J[“ f =\u 9ET @ eX“ D YYM$= D U c D U J'@ e^ D Y a6U f
U fa` e@ e_
= ePv C eO=oJ D < e D U0J\@ e V e_Y ` aU ` “ D YRY D UJ eO= a:>KJN“ D J\@J\@ e^ D Y a6U f c= f e C D U f = ` e_=NJ f a=\= DRQ eYa6gJ a §
; p drq
V U D J e!A h f = s ecY a6J D f U h f =
J'@ e!> aYR>_e$Y a6J D f U fdh @ e a Q Z g e a=\u f U D e s C = fC e_=\J D eO< 9 j aM D f ^ aYWJ f U DD < aU e_v C e_=\J D U
§
; p drq aU `g e a6='u f U D e s C = fa` e+>KJ D f U 9 A,@ e `4eO=\e c D a c:= f e C @ a<ŠY f U cJ Ds e e_v C e_=\J D < e D Up drq M f ecU ` <[J anJ eO<
> a6Y’>PecY a6J D f FU aU `C @ e_U fs e_U f Y f c D > aY a C$C Y D > anJ D f U+< 9 A,@ e_Z€“ D YRY$> f UJ'= D M$eaJ e]J f J'@ e ` eO> a3Z a6U ` < C eO>PJ\= f <'> f:C ZEJ a<\u5< 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ ei^ D Y a6U f £ U DQ e_=?< D J[TZ `H@5Za< D >O< q e C a6=\J s e_UJ!@ a< s f = eBJ\@ aU kik <oJ a N0B dk `H@ 9 q9 <[J'e ` eOU:J?< nZie a6Q= B{“ D J'@ a
M D cJ\@ e f ='Z `$DQ5D < D f U 9E; eO< e a='>?@ D UJ e_= eO<oJ'<N= a6U cKe h = f:s <oJ\= D U c!J\@ e f ='ZBJ f J'@ e C @ e_U fs e_U f Y f cZ fdh J\@ e T J a6U ` a= `
^ fa` e_Y a6U ` M e_Z f U `}9 A,@ e
`H@ 9q9 <'>?@ f f Y fih J\@ eN^ D Y a6U f `H@5Za< D >_< q e C a6=\J s e_UJr@ a<{= eO> e_UJ\YRZ<[J a6=\J e ` a C = f c= a s
> a6YRY e ` `H@ 90qX9D U:J e_='U anJ D f U a6Y D anJ D f MU B D U > f YRY aM f = a6J D f U “ D J\@ aM f eaJ KG k e$U DRQ e_=?< D J D eY< a6U ` = e< e a6=?>?@ > e_UJ eO='< D U
hHe$= fC eGB £ET | a6U `« a C a6U 9XT ec>?@ C = f c:= a s a6YRY f “x>< ePv$>?@ aU cie< fdh `H@ 9 qX9 <oJ\e ` e_UJ'g< aU ` Y eO>PJ\e$= e_=?<NM e_J[“ e e_U J'@ e
D Uc<oJ D J\e$J D f Uc< D Uc< D’` eBJ\@ e adc:= e e s e_UFJ aU ` <\e C$C f =\J'<XJ\@ e D UJ e_U+< DRQ e f = cKa6U D anJ D f U fih
D UJ e_='U anJ D f U a6Y,<\>?@ f f YRF< a6U `
`badcKe KS kYfih4jKk
&3 / 0 1
S
J\= a D U D U c> f e$='< eO< 9 A,@ e h = a s e f N e_= e ` M5ZJ\@ e^ D Y aU £ U DRQ eO='< D J[Z D <xJ'@ e_= e h f = e€J\@ e s f <[Jga C$C = f:C = D anJ e h = f:s J'@ e
J\= a D U D U cB> f UJ e_UJ C f:D UJ fih]Q5D eO“ 9 A,@ eF`H@5Za< D >O< q e C a=oJ s eOUJ'< fdh A f = D U f a6U `z e_U fnQ a a= e> fsC a= aM$Y e D U < D
e
a6U ` U5e s M e_= fdh <[J'e ` eOU:J?<J f J\@ ex^ D Y a6U f€£X9 B a6U ` f N eO=Ra2“ DR` e Q a= D ePJ[Z fdh `H@ 9 q9 > f e$=?< e<B> fnQ eO= D U c s f <[J]< eO>PJ f ='<
fdh J\@ e f = ePJ D > aY a6U ` ePv C e_= Ds eOU:J a6Y C a=oJ D >_Y e C @5Za< D >O< a6U ` a<oJ\= fC @5Za< D >O< 9
œX( ž# 5 " 13%?& ‹!%O- (+O-:1O " ‡
A,@ e^ D Y a6U f J e a s @ a:< f U c f:D U c> f YY a6M f = anJ D f Uc<€“ D J\@ J\@ eiD8 a6=?> eOY f U ac:= f e C C TaC a D U – F
BJ\@ e t e DR` eOYM e_= c f U e
C z e_= s a6U5Z –\– FWB$“ D J\@ z Y a< c f “ C £ U D J e `i¤2D U c ` fs – FDa6U ` “ D J'@J\@ e « a C aU@c:= f e C C £€9 A f @ f u5e2F 9
55 ž # % " O(+‡
6
R X§ 9 8r= a s M D Y Y aYB+| 9$š a D = f B m eO >PJ\e$= eO<Dc DQ e_UanJŠJ'@ e t
£EzFTiT >?@ f f Y0anJ d e_M a h C «m |
8 F ‚ ikikKk B C aicieO< 9 w ™
:dk$9
R ;F9 ^iec<'< aXC f UM e_@ a6Y h:fih h S:
w > f YY a6M f = anJ D f U2FWB `H= f > 9–\drt h ` dkik BahHY’< e Q5D eO= T > D e_Uc> e 9
R dN 9 `ba6 J\= D c:U a6U D B `H@5Za< 9$; e Q9$q +7TC dkKk F k:S6 G J k 3~ U@ R'3&02'
'G[I[Y
-
/
2
32-
%
%$<:3 1 / <
-%.*%.-&/
32-
02-P/
<)/ 0 / %$<
# 0 ')/( 9.1 %"P 0 / 0@ ' 33 #
%900P ' 32-
3 9
. #&%:9$/ ':3 *
0 ')*3 -&( 3 *
%.;2021 3&0 /( 3 -
A +=
3
0 -P
\ M .0
5$' 02-9
(+-N
' 02/ ( 3 <
› %
’ƒ 1 " &O " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
8 eO=\U ` | 9c¤ U D e_@$Y B – U+<[J 9 h[9 A,@ e f = 9 `]@5Z5< 9 B £ U DRQ eO='< D J[Z fdht a s M$e$= c4V
q e C eaJ[ZyH|xU ` = e a<Š^ eOiZ e_Q= B – Uc<oJ 9 h[9 h{v C}9 `H@5Za< 9 B £ U DQ e_=?< D J[Z fdh{t a s M$ec= c 9
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # (f*,O `H= fdh eO<'< f =?<_y8 9 | 9c¤ U D e_@c:Y C%A t B dw k F
B z ec<oJ a Q¤ = a s e_U= CA t B wik FWB$8 e a6J e § a= f <ou aXC%h `xy t B wdk F
V
; eO< e a='>?@ |
<'< f > D anJ eO<Oy q e$U+> a6U”8r= f “ŠU C%h `xy t B kik FWB2^ D >?@ ade_Y ¤ Y a< e_U C%A t B wdk F
BF|xU ` = e a:<i^e_ZKe_=
C%C%hA t `xB y t kik B FWB$kKk^ a6FWJoBJ\@ m D a:e <sT D U J eD J D U$a @ ^ a6ecD @< e_a = D Y a_CA Ct A B t iw B k kKFWkB §XFW9 B§Xd 9 aiC%A eO< t a6=B ` ki9 k`b aF
Y V D < f > C%A t B kik F
BH|xY ePv a6U ` e_=!| 9 `4eOU D U
`H@ q T J\e ` eOUJ'<O-y `H@ D Y DRC$C jY e D <'>?@ s a6UcU Ch `
y Yt B kik F
B m e_UcU a6=\J ^ “ D ='U eO= C%A t B kik FWV
q
DRC Y fs a T J\e ` e_UJ'<Oy bš f YRiu eO=x^ D >?@ e_Y’U< C%h `xy t B kKk FWB §X9 §X9 C%A t B kKk F 9
s f UJ\@c< 3Z5=
y i ePv C e_= D eOUc> e ` = eO< e a='>?@ e_=?< B G <[J'e ` e_UJ?< B k: C iw k “ D J\@i<oJ\e ` eOUJ'P< F C eO='< f U ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3q e$= D U cJ'@ e C a<oJ2= e> e_UJ2iZ e a6=?< BfJ\@ eJ'@ e f = e_J D > aY C @5Za< D > D <oJ'< D U0J'@ D <EJ e a .
s h f YRY f “ e ` a s f U c f J'@ e_=EJ\@ D U c<NJ\@$= e e
`aD = eO>PJ D f Uc< D U J\@ e V e_Y ` fih @ e a Q Z™ g e a=\u f U D e s C @ e_U f:s e_U f Y f cZXy C D F C @ f J f ™ a6U ` @ a ` = f:C = fa` e+>KJ D f U fih @ e a Q Z
g e a6='u f U D a D UBJ\@ e §N; p dr"q h a:>KJ f = D anJ D f U h f = s a6Y D < s D U+>PYRe `aD U c C f Y a= D a6J D f MU V C DRD F]@ e a Q Z™ g e a=\u f U D e sC = fa` e+>K™
J D f U D UU e_e$J\= a6Yb™ aU ` >?@ a6= cie ` ™ˆ>_e$=\= e_UJ ` e e C ™ D U e_Y a<oJ D >E<\> anJoJ e_= D U cXC q
–oT F D UBJ\@ e §
; p drLq h a>PJ f = D a6J D f U h f = s aYW™
D < s VKa6U ` C DRDRD FJ\@c= e<o@ f Y `X` Z5U a sD >_< fdh @ e a Q Z g e a6='u:™ a6UJ DRg e a=\u2<oZa<oJ e s < D U §N; p drq aU `€Cc§N; p drq aU ` < DRsD Y a6=
`badcKe S >fih4jKk
&3 / 0 1
S:
<[J'e `aD eO< h f = C f < D J\= f U D e sŽD UJ'@ e€|xM e_Y D a6U > a:< e 9 LNe$=Š= eO<\e$YJ'<Va= e C e$McY D <o@ e `D U _GC a C e_=?< D U= e h e_= e e `I f e$=\U a6Y’<B
S fdh “Š@ D >?@ a CcC e a6= e `D U ‚ e C Y a6UJ f > f U:J D U5e e€J f‘C = f > e e ` a6Y f U cJ\@ e< e€Y D U eO< 9 LNe$=
c f aYRF< a6= e C D F a c:Y f M a6Y BJ\@ e f = ePJ D > aYYRZ > f @ e_= e_UJ ` e<\>_= DRC J D f U fdh >?@ a= sf U D e s aU ` M f J\J fsf U D e s C = fa` e+>KJ D f U
D U @ D c:@a™ eOU e_= cZ C @ f J f Ua™ C @ f J f UMB C @ f J f Ua™ˆ@ a ` = f UMB aU ` @ a ` = f Ua™ˆ@ a ` = f U C = fa` ec>PJ D f UiJ'@ anJga6YRY f “x< h f =ga‘= e_Y D aM$Y e
` ePJ e_= sD U a6J D f U fih J'@ e2U f Ua™ C e_=\J\e$='M anJ DQ e s anJ'= D v eOY e s eOUJ'<Da6U ` a<[J'= D U cieOUJkJ eO<oJ fih J\@ e §N; p drq"h a>KJ f = D anJ D f U
@Z C f J'@ eO< D L< VC DRD F a s e aU D U c h e$Y D UJ e_= C = e_J a6J D f U fdh a Q a D Y aM$Y e a6U `Ih eaJ'e$= e ` anJ a fdh >?@ a= sf U D e s C = fa` ec>KJ D f U D U
e_Y eO>KJ'= f Ua™ C = f J f FU a6U ` U eOeaJ\= D U f ™ˆU5ec>PY e f U qN–oTD Uc>_Ye `aD U c `aD N= a>KJ DQ eŠ> f UJ'= D M$eaJ D f Uc<4a6U ` U5ec>PY e a={> f ='= eO>KJ D f Uc<LV4C DRDD F
a C = eO> D < exJ'@ e f = e_J D > a6Y C = e `aD >KJ D f U fih J\@ e -\ ePv$> D J anJ D f UB>Pe$= Q e
J f M e s e a<\e$= e ` a6DJ a h eaJ\e$= e Y D U e a=k> f YRY D’` e_Q= B
D Uc>_Ye `aD U c D J'< > f YRY D < D f U s fa` eGB9aU ` J'@ e ` eO> a3Z C = f:C eO=oJ D e>< a DsD U c anJ2@ D c:@a™ C = e> D < D f U ePv5J\= a>PJ D f Uc< fdh J'@ e
<[J'= f U c6™—> f e C Y D U c2> f Uc<oJ a6UJ ABnJ\@ ex@ e a Q Z™ g e a6='u s a:<\< eO< aU ` B6J'@ e,J f:C ™ g e a=\uF“ D’` J'@ BKaU `D J?< ` e$u a3“ a
> f e C Y D U c ?9
A,@ e t a6U ` h £NT e_v C e_= DRs eOUJ'b< anJ q h T ` a6= e C e_= h f = sD U cgaU a6YRZa< D < f ={@ a Q e C e$M$Y D <o@ e ` = e<oe$YJ'< f U g e a6='u f ™
U D e s C = fa` ec>KJ D f U^ D NU aU5e s M eO= fdh a6= e a:< D Uc>PYRe `aD U c+y C D F D U eOY a:<[J D >>?@ a= s f U D e s C = fa` e+>KJ D f U D U C @ f J f Y™ a6U `
s f U D e s a6U ` M f J\J f:s f U D e s C = fa` e+>K™
e_Y eO>KJ'= f ™ C = fa` ec>PJ D f MU VC DRD F `aD Nf= a>PJ DRQ eVeOY a:<[J D >> a6U `C = f J f U$™ `aD <'< f > D anJ DQ ex>?@ a6= J D f MU V a6U ` C DRDD F `$D N= a:>KJ DQ e e_Y a<oJ D > a6U `C = f J f Ua™ `$D <'< f > D a6J DRQ e C = f5` ec>KJ D f U fdh Y D c:@:J Q e>KJ f = s eO< f Uc< C BB
F 9 A f
` anJ e2J\@ eO= e a= e dkC ecM$Y D > a6J D f Uc<xMZ ^ h £ET a6U `t FD UJ\@ D <
< eO>PJ f =Š“Š@ D >?@@ a Q e a C$C e a= e `D U= e h e_= e e `I f e$=\U a6Y’< 9
t a6U ` h £NT a= e D UJ\@ e C = f > e<\< fihfV U D <\@ D U c2J\@ e g e a6='u f U D e s a6U aYZa< D < fih J'@ e
> f:sC Y e_J e ` a6J a2< ePJ]= eO> f = ` e `XD U
J\@ eNJ DRs eN^ M ePJ[“ e eOU O©:©: aU `BikikKk$9 |rJrJ\@ eE< a s exJ Ds e,B5J\@ e
ePv C e_= Ds e_UJ a6Y< e_Jo™ˆe C h f =]J'@ eN= eO> f = `aD U c fdhg e a6='u f ™
U D e s e Q eOUJ'< ` e$= D U cJ\@ e< e> f U `iC @ a:< e fdh J'@ e t h ; |x™ ='e$U$U D U c D <NM e D U c C = e C a6= e ` “ D J\@ DRsC = fnQ e `i` e_J e>KJ f ='< 9
A,@ e D UJ e c= anJ e ` Ye sD U f < D J[Z D g< ePv C e>KJ e ` J fiD Uc>P= e a:< eM5Z a h a>PJ f = fih
kD UJ\@ e!U ePv5J h f e$=FKZ e a='< 9 A,@ e h eaJ\e$= e
` anJ aX“ D YY C = fnQ5DR` eN< D c:U DWV > a6UJ'YZM ePJoJ e_= C = eO> D < D f U D @U aY a= cKe_=ku D U e s a6J D >
= a6U cieGB:J\@5ec< aYY f “ D U c e 9 c 9 h f = ` ePJ a D Y e `
s e a<\e$= e s e_UJ'< fihg e a=\u f U D e s C f Y a6= D anJ D f U<[J anJ eO< e_J'> 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ e t a s M$e$= c c:= f e C B
Y f > a6J e ` f U J\@ e q h ST ` < D J eGB D <BJ\@ e Y a6= cie<[J f U e h f @= eOY e s eOUJ a6='Z C a=oJ D >_Y e = e< e a6=?>?@
J\@$= f e c:@ f e$J z e_= s a6U5Z 9.– J{@ f <oJ':< a
x< C f Uc< f = e ` MZ2J'@ e z e_= s aU ; e< e a6=?>?@Xj f e$U ` a6J D f X
U Cq j z F
J fxC = fnQ5DR` e-a6U a `aQ aUc> e ` <[J'e ` Z e_U Q5D = f U s eOU:J h f = s f = e{J\@ a6U iS k `]@ q <oJ\e ` e_UJ'< 9 jce$=\J\@ eO= s f = eGB D 0J a>O> fss fa` anJ eO<
J[“ fiq j z”I ecU D f =F= e< e a6=?>?@ c:= f e C L< B f U e fdh “Š@ D >?@ D < h f >Pec< e I` f U @ e a Q Z™ g e a6='u f U D e s J'@ e f =\Z 9q h ST ` f N eO='g< a
C f:C e$Y a6=<oe ss e_=<[J'e ` eOU:J C = f c:= a ss e,BDaU ` D J C = fnQ5DR` eO< a s fa` eO=\LU a6U ` C f “ e_= h e$YE> fsC eaJ D U c > eOU:J e_= a6U `
z e_= s aU5Z D <rY a= cKeO<oJŠ@ D c:@a™ e_U eO= c:Z C @5Z5< D >_<,Y D M$= a6='Z 9
œX( ž# 5 " 13%?& ‹!%O- (+O-:1O " ‡
LNUBJ'@ eFJ'@ e f = e_J D > a6Y.< D’` eGBc“ eF@ a Q e€> f:ss f U C ecM$Y D > a6J D f Uc<
“ D J'@J\@ e £ET [| c:= f e C C «+9cm e eQF aU ` a6= e D U iQ f Y Q e `BD U
a6U a>PJ DRQ e e_va>?@ a6U cKe C = f c= a ss er“ D J\@‘J\@ e TaC a D U – c= f e C C%| 9 ` D U e ` a4B «+9:T f J f F
B:“Š@ D >?@ D <{J f = eO<\e$YJ D U‘> fss f U
C e$M$Y D > anJ D f Uc<]< f f U 9 LNe$R= a C$C = f a>?@J f @ e a Q Z™ g e a6='u2J\@$= eO<\@ f Y `!` Z5U a sD >_< C C f J eOUJ D a6Y §
; p drq F D <k> f U+> e C J\e aYYRZ
> fsC Y e s eOU:J a6='Z€J f J\@ e f U e a ` fC J e ` M5ZJ\@ e z e_= s aU5Z –o–\– c= f e C B6“Š@ f a ` fC J Q e_Y f > D J[Z §N; p drq9TaD Uc> e t h ; |
D <2>Pec=\= e_UJ\YRZJ\@ e f UcYZ OZ > f YRY DR` eO= D U f:C eO= a6J D f U “ f ='Y ` “ DR` eGBfJ\@ eY f > a6Y@ e a Q Z™ g e a6='u f U D e s s e a:<oe$= e s eOU:J?>< a= e
> fsC Y e s eOU:J a6='ZJ f aUZ f J\@ e_=x<\ec>?@ s e a<\e$= e s e_UJ'<Š> a6='= D e ` f eaJ e_Y’< e_“Š@ eO= e 9
‹X( 1n55!1n # Œ " ž # % " O(+‡
+
N? <)( 9:021>2
%.; ( %V
%.//%.':<V
' 0[P3 ( %.')/ %.- 6321+1 %W
R ^ 9+¤ Y a:< eOUM
Ba8 9 | 9+¤ U D eO@$Y B mH9 §€ 9 ^ D @ a D Y
aYB aU ` ^ 9+T J e D U$@ a6e+< eO=LB `]@=2Za?A<@ 9$; e Q9$m ePJoJ B9 ŸTC ikik: F k:S:ikik V
R dN9 | ` Y f N ePJ aY 9 C t Xd f YY a6M f = =2anJ?AD @ f U2FWBahHec= 9 `]@Za< 9$«c9 œƒ C ikik: F G 9
; ( P %.-9:%
$32'9:3 1 32':D3 9$/%./*,%:9 &02- ( <:*
:' 3 *
2
5$-%.1 0 <)/ ( 9
4% # / 3:#' 31P3&9./ ( 32-
%$<.32-&<
02/6
2Q&
3
#
`badcKe
S
B+
fih4jKk
M
P 0 / 0
SS
› %
R› 1 " & O " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
|xU ` = e Vt f a6U cC%A t FWBf^ anv5™ `HY a6Uc>?u™ – Uc<[J D J'eaJ e h f =V`]@5Z5< D >_<LB5^ e$U D >?@
q e C eaJ[Z0y d @c= D <[J D aU ¤2D eO<\Y D U cHCh ` FWB$^ a6v5™ `]Y aUc>?u™ – Uc<oJ D J\e$J e h f =V`H@5Za< D >O<B$^iecU D >?@
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # ž (+‡%(f (f*ŠO 3y
C%A "
J '/eOU5e$#"= e,B OT ‰ PT J ‡_a NC U f OJŠXJ * e_(+U51
e$/F= e -` &}FWB ‡`%:q ‡ ` f <[J q %3f -]> y}B | `]@9 t q f aU `]c@ C%9 qXA t9 <oBOJ\A e ` B e_~UwJP F FWB ` 9 ‚ e D < C%A t BOA B wik FWB dN9 ¤2D eO<\Y D U c
C%h `]@ `x9 qXy t 9 <oB3J\Ae ` B e_dw Uk J' >< FWCB A Tt 9 ¤ 6hYeaJ'@ ` C%B h iw k`
yF m qRh ` B DRTC BY fiw s k aFW<[B J'«+e 9 ` T e_>?U@ J?D ><e>?C%8u A Ct h 6h `
y m ` Rh B ` kiB kT B :wF  FWB zŒ 96d f =?.ž> e_.YRYž a:C%13A t"$# B y T ` B wd9 ¤ k = f FWYYB
C%A t B+A B dw k F
BŒ X%5„+5ky{| 9 8 f @$= e_= C%h `
y m Rh ` B T B iw k F
BŒ i5%… # ]1n„y q9 z = fs eOU< CA t BfA B dw k F
Bc^ 9 « a sD U C%A t B T B kKk F
53-.% "$# .%Œ %3-”y T9 ; eO>?ua< D e cieO:Y C%A t B ` q B dw k F
K e_v C eO= D e_Uc> e ` = eO< e a6=?>?@ eO='L< B G <oJ\e ` e_UJ'L< B ~6 C k: “ D J\@i<oJ\e ` e_UJ'P< F C eO='< f U s f UJ\@+< nZ= 9
ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3– UF= e> e_UJ}KZ e a6=?<fJ\@ e{J\@ e f = ePJ D > a6Yn“ f ='u fdh J\@ e{J e a s s e s M e_=?< h f >Pec< e g` f U Q a= D f e+< C @ e_U fs e_U f Y f c D > adY a6U ` > f Uc> e C ™
J\e aY a< C e>KJ?< fdhg e a=\u f U D e s C @5Za< D >O< 9 | s f U cJ\@ e s f <oJx= e_Y e Q a6UJŠ> f U+> e C J\e a9Y a>?@ D e Q e s e_UJ'D< a= eEJ\@ e ` e Q e_Y fC ™
s eOUJ fdh a2U eO“ <oZa<oJ e s a6J D > ` eO<'>P= DRC J D f U fih J'@ ex@ e a Q Z g e a6='u f U D e s ` Z5U a sD >O<HM a:< e F` f U e
N eO>PJ DRQ e V eOY ` J\@ e f = D e< B
<[J'e `aD eO< fdh > f U V U e s e_U
J aU `iD J'<N= eOY a6J D f UJ f M f < f U D >€<[J'= D U c!J'@ e f =\Z D U0<oJ anJ D > g e a6='u™ aU:J DRg e a=\uB<oZa<oJ e s <
ec< D U c
Y a6JoJ D > e cKae cieXJ\@ e f ='Z a6U ` a6U DRsC = fnQ e ` e$U ` eO='<oJ aU `aD U c fih J\@ eU f Ua™ˆY f > aY<oJ\='ec>PJ\e$= e fih J\@ eU f Ua™ C eO=oJ'e$=\M anJ DRQ e
p drq Q a>_e$e s9 LNU J'@ e C @ eOU fs eOU f Y f c D > a6YH< DR` e‘J\@ e<oJ\e `aD e< D Uc>PYRe ` e ` J\@ e ` ePJ eO= sD U anJ D f U fdh,C = eO> D < e Q aYe eO<
h f =€J'@ eM f J\J f:s aU ` >?@ a= sªs a:<\< eO<XM a< e B
` f U)p drq <\e s =\ecY e< a6U T` fdhxg e a6='u> f e C Y D U c:< h = f:s¦g e a=\u f U D e s
C = f:C eO=oJ D e< B C = e `$D >PJ D f Uc< h f = 2\ J\@$= eO<\@ f Y ` C = fa` ec>KJ D f U anJJ\@ e m}D U e a= d f YY DR` e_F= aU ` <oJ\e `$D e< fih ePv$>PYRec< DQ e a6U `
D Uc>_Ye+< DRQ ex>?@ a= s f U D e s ` eO> a3Za< 9.– J D < C Y aU$U e ` J f > f U:J D U5e e,J'@ eŠ= eO< e a6=?>?F@ aY f U cEJ\@ e< eŠY D U eO< 9{§ e_“)= eO< e a6=?>?Y@ c f aYR<
D Uc>_Ye ` e aU DRsC = fnQ e ` e$U ` e_=?<[J a6U `aD U c fih J\@ e `aD N eO= eOUc> e<
M ePJ[“ e eOU Y D c:@:J e_[= C%>?@ a= s f U D e s BfM f JoJ fs f U D e s F>a6U `
@ e a Q5D e_= C J f:C f U D e s F g e a6='u f U D e s <\Za<[J e s 4< a6U ` aE> f Uc< D <[J e_UJ.J'= e anJ s eOUJ fih+g e a6='u f U D e s <oZa<oJ e s <“ D J\@e$Uc<oJ a6McY e
> f U+<[J D J'e e_UJ'< 9
A,@ eYe_v C e_= DRs eOUJ a6Y“ f ='u fih J\@ eJ e a s s e s M eO='< D U= e> eOU:JEiZ e a6=?< h f >Pec< e ` f U ` anJ a@a6U aYZa< D < Q e>KJ f = s eO< f U
C = fa` e+>KJ D f U aU ` >?@ a6= s f U D e s C = fa` e+>KJ D f U a6J]Y f “ v anJ t e_= a>C t F-aU ` a6U aYZa< D < fih}m Rh ` aU ` ` | q h ` a6J a2“ D J\@
= e< C eO>PJrJ f @ e a Q Z g e a6='u a6U `g e a=\u f U D e s C = fC e_=\J D eO< 9 j f = t e_= a€J'@ e_= e D < aYR< f a6U e
N f =\JkJ f‘` e Q e_Y fCBDsC = fnQ e `
h a<oJŠJ\= D cKcie_=Š<\Za<[J e s < C a6=\J\YRZ‘M a:< e ` f UBU e_e$= a6Y™ U ePJ[“ f ='u<\Za<[J e s < 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ e,= e< e a6=?>?@FJ e a [s fih J\@ erU f J e D <{> f:sC f < e Y` fdhfs e s M e_=?< fdh J\@ eŠ^ a6v™ `HY a6U+>?u:™ – Uc<oJ D J\eaJ e h f b= `H@5Za< D >_4< anJH^iecU D >?@
C%^ ` – FWBJ\@ e‘A e>?@$U D > a6Y £ U DQ e_=?< D J[Z ^ie$U D >?M@ B}J\@ e £ U DQ e_=?< D J[Z t e DR` eOYM e_= c4B}J\@ e £ U DQ e_=?< D J[Z ‚ e C$C eO=oJ a6RY aU ` J'@ e
£ U DRQ eO='< D J[Z T5D e cieOU 9 A,@ erY a6= cie<[J C a=oJ fdh J\@ e,J e a sbD <Y f > a6J e ` a6JJ\@ ex^ ` – Bn“Š@ D >?@> f Uc< D <oJ'< fih:S J e_U5e$= e ` J\@ e f ='Z
a6U ` aM f eaJ :w J eOUec= e ` ePv C eO= DRs e_UJ aYk<oJ a N 9 |rJ a6U5Z0J Ds eJ\@ e^ ` – @ a:Y< a6= f ecU ` KG k a= e‘<oJ\e ` e_UJ'X
< C `$DC Y fs a
f = `H@ q FE“Š@ D >?@ a6= eec<oe a6YRYZ aYR< fD U+<\>_= D M e `0D U f U e fih J'@ eJ[“ f ecU DQ e_=?< D J D eO< aYR< f Y f > a6J e `D U ^ie$U D >?#
@ C%A £ T^ B
m e ` “ D c6™—^ a6v DRsD Y D a6U £ U DRQ eO='< D J[aZ F 9 A,@ e_= e a6= e Q e_='ZB>_Y f < e2J D e<ŠJ f J\@ e€J\@ e< eFJ[“ f e$U DRQ eO='< D J D eOV< aU `s a6U5Z fih J'@ e
^ ` – <[J a N C e fC Y e a= e D U KQ f Y Q e `D UBJ e a>?@ D U c ` eaJ D e< 9 A,@ e f J\@ eO=x< D J e< fdh J\@ eFU fa` e a= e C @5Za< D >_< ` e C a6=\J s eOU:J?< D U
Y e a `aD U c z e_= s aU e$U DRQ eO='< D J D eO<E@ f Y `aD U c a‘= e cecY a= C f <oJ ` f G> B c= a ` e a6J e a6U ` <[J'e ` e_UJ C = f c:= a s9 |xYRYH< D J eO< fdh J'@ e
U fa` eF@ a Q eE= e cecY a= e_v C eO= DRs e_UJ a9Y a6U ` J\@ e f = ePJ D > a6Y = eO< e a6=?>?@B< e sD U a6=?D< a6U ` ce eO<oJ C = f c= a s < 9 A,@ eOZ C = fnQ5DR` ega6YRY
h a> D Y D J D e< C%Y D M$= a6= D e< Bn> fsC eaJ D U cE= eO< f e$=?> eO< F h f := aN@ D c@ g e a6Y D J[Z2= eO< e a6=?>?@ a6U ` J e a>?@ D U c eOU QD = f U s e_UJ 9.; eOY a6J e ` J f
&3 / 0 1 `badcKe S:SYfih4jKk
S6G
J\@ eFc f aYR< fih J\@ eXU ePJ[“ f ='u‘J'@ eYe_v C e_= DRs eOUJ a6Y= e< e a6=?>?@a6JxJ\@ e< D J e<
> fsC = D < eO< e_v5J e_U+< DRQ e C a6=\J D > DRC anJ D f U“ D J\@ D U
D UJ eO=\U anJ D f U a6Yk> f YRY aM f = a6J D f Uc<YanJFe_v C eO= DRs e_UJ'< anJ d h ;x§ C m h ` B § | G B{|{A m | T FWB q h TS` C t e_= a,FWB-aU ` “ D J\@
= e< C eO>PJrJ f @ e a Q Z D f Ui> f YY D < D f Uc< C § | Sw B § | G© B T A| ; F 9
‡_%„01n5‡O " 1n3- # %.‰}‡‹!%O- (c-.1‘ " ‡ – UJ'@ e f =\Z J\@ e‘^iecU D >?@J e a s a6= e> f YRY aM f = a6J D f Uc<E“ D J\@ J\@ e £ET |B d h ;x§ aU `« a C a6UJ e a s < 9– U ePv C e_= Ds e_UJ
J\@ eO= e a= e2> f YY a6M f = anJ D f Uc<r“ D J'@BJ'@ e z e_= s a6U5Z – C t h ; | FDaU ` J\@ e d h ;x§ C m Rh `]F]J e a s < 9
‹X( 1n55!1n # Œ " ž # % " O(+‡y
R | 9 t f a6U c4B d f U:J'= D M$eaJ D f U0J f W|rB JFJ'@ e‘j$= f UJ D e_= fih `ba=oJ D >_Y e `H@5Za< D >O< t a6U ` M f f u fdh p drq B šbf Ye s e G B
e a` D J e ` M5Z^ 9+T @ D hs aU C ‚If =\Y `iT > D e_UJ DWV >GB T5D U cKa C f = eAFWB5@ e C ™ C @ kdk6G56©:©
R ^9 h D’` e s e$ YRYeO=L$B ^ 9c« asD UMB `]@5Z5< 9!m eP#J\J 9 "%7$f&Ÿ}y 'dk:S ()™ *&+ k C ikik ,F -/.'%0123(4&5 B
% 0 ; ?
U3&02' 632- ( 3 *
PJ?2-0 *
( 9$<
`badcKe SGFfih4jKk
S:w
› %
7 B5…i%„+…( " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
^ D >?@ ade_Y ¤ = a s eO=LBaA,@ e £ U DQ e_=?< D J[Z fdh h `$D U5M$e$= c@
q e C eaJ[Zy z e$U$U a= T9 D8 aY D B £ U DRQ eO='< D J[Z fdhHz Y a:< c f “
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # (f*,O ny
-. BŒf:1n‡?& (+* …% 1n„f-]y{^ 9 ¤ = a s e_U= C%A t B w FWB$| 9+t a6=\JC%A t B w F
BŒf:1n‡?& (f* #%" ‡„+(5‹y dN9 q a Q5D e< C%A t B w F
B z9 8Da6Y D C%A t B :w F 9 ` f <[J q f > C%A t B :w FWB <oJ\e ` e_UJ
C%A t B dw k F 9
BŒf:1n‡?& (+*Nœ " 13….„ffy ;F9ct f = cKa6U C%A t B dw k FWB –K9 A 9cq ='e ssf U ` CA t B :w FWBp 9 ^ a< f U C%A t B wdk F 9
<oJ\e ` e_UJ C%A t B iw k F 9
e_v C e_= D e_Uc> e ` = e< e a6=?>?@ e_=?< B <[J'e ` eOU:J?< B iS k C G “ D J'@i<[J'e ` e_UJ?O< F C e_=?< f U sf U:J'@c< 3Z5= 9
ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3A,@ eXJ e a s > f Uc< D <oJ'< fdh Y e a `aD U c £N¤ = e< e a6=?>?@ e_=?< D U C e_=\J\e$='M a6J DRQ ea6U ` U f Ua™ C e_=\J\e$='M anJ DQ e g e a=\u f U D e s C @5Z5< D >_<
a6U ` = eOY a6J e `0C @ eOU fs e_U f Y f c,Z B“ D J'I
@ e_v C e_=\J D < eaU ` C = f:C f < e `iC a6=\J D > DRC a6J D f U D UJ\@ eU e_J[“ f =\uJ a:<oua< fdhrg e a6='u f ™
U D e sªC = fa` ec>PJ D f U a6U ` ` e> a3,Z B g e a6='u f U D e s < C eO>PJ\= f <'> f:C IZ a6U ` C = eO> D < D f U s e a<\e$= e s e_UJ'< fihŠT J a6U ` a6= ` ^ f5` e_Y
C a6= a s ePJ e_=?<_y
` ; L q y C = f5` ec>KJ D f U fih @ e a Q Z g e a=\u f U D e s anJ]@ D c@$™ eOU e_= cZX> f YRY D’` eO='< D UJ\@ e §
; p drq h a>KJ f = D anJ D f U h f = s a6Y D < s B
D Uc>_Ye `aD U c!@ D c:@ e_=\™ f = ` e_=xp drq e
N eO>PJ'< 9
T `]h d y m a6JoJ D > e §
; p drq a6U ` Y a6JoJ D > e C f J eOU:J D aYE> a6Y’>Pe$Y anJ D f Uc< fih M f JoJ f:s f U D e s a6U ` >?@ a6= s f U D e s < C eO>PJ\= aYB
D Uc>_Ye `aD U c g e a6='u:™ cYRe f U‘@5ZMc= D’` < D UBJ'@ e g e e_U+>?@ e ` a C$C = f v DRs a6J D f MU B aU ` B$= eO> e_UJ\YRGZ B D Uc>PYRe `aD U c!< e a g e a6='ua< 9
q h d | ` y m anJoJ D > e §
; p drq > a6Y’>Pe$Y anJ D f U fdh M f JoJ fs f U D e s e_Y eO>PJ\= fs adc:U ePJ D > ` eO> a3Z‘= anJ e< 9
T ^ `xy m anJ\J D > e §
; p drq > a6Y’>Pe$Y anJ D f U fih ='e$U$U D U c!> f e C Y D U c> f Uc<oJ aUJ aU ` M f JoJ fsŽg e a=\u s a:<\< 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ e `ba=oJ D >_Y e `H@5Za< D >_<EA,@ e f ='Z z = f e C D U h `$D U5M$e$= c@> f U+< D <[J?< fih j <[J a N s e s M e_=?L< B9a6YRY fih “Š@ D >?@0@ a Q e<oJ\= f U c
D UJ eO= e<[J a6U ` ePv C e_=\J D < e D U C e_=\J\e$='M a6J DRQ eFaU ` U f Ua™ C e_=\J\e$='M anJ DQ ep drq <oJ\e `aD eO< 9 A,@ e z Y a< c f “ c= f e C > f Uc< D <oJ'<
fdh
<oJ a N s e s M e_=?<€“ D J\@ D UJ eO= e<[J D U U f Ua™ C e_=\J\ec=\M a6J DRQ eBp drq a6U ` §N; p drq <[J'e `aD eO< 9 8 f J\@ J'@ eBh `aD U5M$ec= c:@
a6U `z Y a< c f “ c= f e C R< a6= e C a=oJ fih}Q a6= D f ec<HhHec= f:C e a6U a6U `£
¤ = e< e a6=?>?@U ePJ[“ f ='ua-< a6U ` @ a Q e
>_Y f < ex> f UJ a:>KJ]“ D J\@
ePv C eO= DRs e_UJ aY D <oJ'< a6U ` e_v C e_=\J'< D U@ D c@ C eO= h f = s aUc> eF> f:sC eaJ D U c 9
‹X( 1n55!1n # Œ " ž # % " O(+‡y
&3 / 0 1 R ^ 9+¤ = a s eO=LB `H= f c 9 `ba6=\J 9a§ ec>_Y 9 `H@5Za< 9 7 C ikik F W_B G :9
R z9+T 9 8 aY D B `]@Za< 9a ; e C J 9 ›+7f›. B C dkKk F 9 WB
R
R'3&02' 632- ( 3 *# ' 3 PJ3&9$/ ( 32-
>S
$3 ' 9:%)<
0 -P
&%:02;1?
02/
UV3&0 '
( ND%.-%.'0?
9:321+1 ( P6%$':<
5:3J3 -P<)/02/%)<
`badcKe
Sw
fih4jKk
Sij
› %
ž" X " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy «Kf a6U T f J f C%A t B £€9 8Da='> e_Y f U aSF
q e C eaJ[Zy m YRe < z a6='= D’` f C%h ` B £€9 8 a='> e_Y f U aSF
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # ž (+‡%(f ¨(+*Š ny
C%A E0A e_U5e$= e[C C eO= s aU e_UPJ F
B T T J a N_C w ™ˆZie a6= C f < D J D f Uc<PFWV ` q C f <oJ ` f > V ` t
q [`]@ 9{qX9 <[J'e ` eOU:JWF
BŒf:1n‡ " x…. " 13: # (f " «+93T f J f C%A t B3A B ~w FWBn| 9 ` D U e ` aCA t B T B ~w FWB m Y 9{z a6='= D’` f C%h `
y m.tEd MMBnA B
dk F
B ;F9$z = a:> D a6U D C%h `
y m.tEd MM B T B ik FWBah 9az = a6e cieOK< C%h `
y m.tEd MMB ` q B ik FWB §€9 §€9 CA t B ` q B kik F
B 9
z a6=?> D a CA t Bi`]@ q B kik FWB q9§ e Q a ` f C%A t Bd`H@ q B iw k FWBh 9n« e_M$M f e$=CA t Bi`]@ q B wdk F
B §X9 §X9 C%h `xy mt2d MMB
`H@ q B dw k F
.%Œ+1n‡O… " … (f .( " … " ….1n%… Šj Y9 ` U ` ec= a D U C%A t BcA B dw k FWB §€9 §€9 C%A t B ` q B wdk F
~ e_v C e_= D e_Uc> e ` = e< e a6=?>?@ e_=?< B G <[J'e ` eOU:J?< B G:©$9l C ~n©c9 “ D J'@<oJ\e ` e_UJ'P< F C e_=?< f U s f UJ'@c< nZ5=
ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3|xYRYaJ\@ e f = D <oJ'< D UJ\@ e,J e a s “ D J\@!A f = TC f < D J D f U+<@ a Q e,M e e_U“ f ='u D U c f U!< e Q e_= a6Y a< C e>KJ?< fdh @ e a Q Z g e a=\u f U D e s
C @5Z5< D >_< h f g= a6M f eaJ k iZ e a='< 9 ` U ` e$= a D U D g< a6U e_v C e_=\J D U p drq C%M e D U cBJ\@ e aeaJ\@ f = fihRf U e fdh J\@ e e a=\YRZBM f f ua<
f U D PJ F 9t eB@ a< s a ` e DRsC f =oJ a6UJ> f UJ\= D M$eaJ D f U+<FJ f J\@ e> a6Y’>PecY a6J D f U fdh J'@ eB< C eO>KJ'=\e s aU ` ` e> a3Za< fih @ e a Q Z
g e a6='u f U D a h = fs p drq B< f:s e fdh J\@ e s D U > f YRY aM f = a6J D f U “ D J'@ ` D U e ` a 9 ` D U e ` a a6U ` T f J f >_= e anJ e ` C f J eOUJ D a6Y
§
; p drq C Cc§
; p drq FWBDa6U e
N eO>PJ DRQ eiJ'@ e f =\Z)M a:< e ` f U §
; p drq Bk“Š@ D >?@ @ a:< a “ e a6YJ\@ fih a C$C Y D > anJ D f Uc< 9 – U
C a6=\J D >Pe$Y a6Q= B D J2@ a< C = fa` ec> e ` J\@ e s f <oJ C = \ e> D < e= e<oe$YJ'<
J f` anJ e f U @ e a Q Z g e a6='u f U D e sŽD U J'@ e“ e a6u> f e C Y D U c
= e c DRs e C%<\e D J a6M$Y e h f = 8C AFWB C AF9aU ` ˆ™ U e a6=J\@$= eO<\@ f Y ` F 9 A,@ D 0< e
N eO>KJ DQ eHJ'@ e f =\ZE@ a<.M e e_U h e$=oJ'@ e_= ` e Q e_Y fC e `
D U > f YRY aM f = a6J D f U “ D J\@ 8r= a s M D YRY aaU ` š a D = fiD U J\@ e – J a6YRZ J e a s a6U ` D U ` e C eOU ` eOU:J'YZ M5Z ¤ U D eO@$Y B-`4e_U D TU a6U `
T J e D U$@ a6 ec<'< eO= D U‘J'@ e z e_= s a6U – J e a s9 |
U DRsC f =oJ a6UJk= e ` e+>KJ D f U fdh J'@ eEUe s M e_= fdh ecU$u5U f “ŠU §
; p drq s anJ'= D v
e_Y e s e_UJ'<@ a:<X= eO> e_UJ\YRZ M e e_U a:>?@ D e Q e C <oJ= e h eO= eOUc> eBM eOY f “ F€ec< D U c Cc§
; p drq9 ` D U e ` a D < a6Y’< f a6TU e_v C eO=oJ D U
= eOU f = s a6Y D anJ D f @U c= f e CBDsC = fnQ e s e_UJ fih U f Ua™ˆ= eOY a6J DRQ5D <oJ D > eN e>KJ DQ e2J\@ e f = D e< 9
‚ e e_v C e>KJxJ'@ eFJ\@ e f = D <[J?< fdh J\@ eFJ e a s J f > f UJ\= D M$e$J e2J f J\@ eX< C eO>KJ'= f <\> fC GZ B ` eO> a3Z a6U ` T J a6U ` a6= ` ^ fa` e_Y s e an™
<oe$= e s eOU:J?<rJ a:<oua< 9 A,@ e_Z C Y a6UBJ f h e$=\J\@ e_= ` e Q e_Y fCCc§N; p drq M f J'@ D UJ\@ eE“ e au a6U ` <oJ\= f U c> f e C Y D U c= e c Ds e< B
D U f = ` e_=ŠJ f = e a>?@ a‘< f Y D’` p drq M a:< e ` e$U ` e_=?<[J a6U `aD U c fih J\@ e< e<oZa<oJ e s < 9 A,@ eYe_v C eO= DRs e_UJ aY D <[J?< fih J\@ eXJ e a s
C Y aUJ f e_U c adcKe
J'@ e s < e_Y Q eO< D U@ e a Q Z g e a=\u f U D e s = e_Y anJ e `BD <'<oe eO< D UBJ'@ e mt2d M ePv C eO= DRs e_UJ 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ eFJ[“ f < D J e< fih J\@ eU fa` eFa= e s a I f = C @5Za< D >O< ` e C a6=\J s e_UJ?< D UiY e a `aD U c TaC a6U D <\@ e$U DRQ eO='< D J D e< 9 8 f J\@ @ f Y `
c= a ` e a6J e C = f c:= a s L< Bn@ a Q er= e c:e$Y a6== e< e a6=?>?@< e sD U a6=?-< a6U ` eOU I f YZ aYY h a:> D Y D J D eO< CY D Mc= a= D eOL< B> f:sC eaJ D U cF= eO< f e$=?> e< B
ePJ'> 9 F h f = a@ D c:@ g e aY D J[Z‘= eO< e a='>?
@ a6U ` J\= a D U D U ce_U Q5D = f U s eOU:J 9
‡_%„ # %.‰}‡‹%O- (+O-:1O " ‡
d e$=\= e_UJ'YZ!J'@ e_= e a6= e f U c fD U c> f YRY aM f = a6J D f Uc<k“ D J\@ K "c# & a6U ` 1 " NJ e a s < 9
‹X( 1n55!1n # Œ " ž # % " O(+‡y
&3 / 0 1 R §X9 8r= a s M D YY aYB q9 h D = a<LB5| 9 ` D U e ` aYB «+9+T f J f B$| 9$š a D = f Ba/F-&}‡ BWB Œ k_ €ŸfŸ \ƒƒ aƒf› 9
R §X9 8r= a s M D YY aYaB | 9 ` D U e ` aYB «+9cT f J f B$| 9cš a D = f B i # F/F- &}‡ F8B \ƒ ƒ 9
%V
#' %OP ( 9$/ ( 32-&<
$32'
(+- 9$1 3 <:(+;2%
%:02;1?D\U3&02' 632-&( 3 *
+]DX
0 ; %
P %:9:0? <
+
3 / %.-&/ ( 021Q2@R
S
02-
% %:9./(+;2%/ &% 3 ':?
$32'
%:02;1?
U3&02' 632-&( 3 *
`badcKe KS jYfih4jKk
S~
› %
ž" O " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
^ D c:e e_Y.|xU cKe_Y T aUc>?@ D <[™ m9f a6U f C%A t nh `]F
B £€9$š aY eOUc> D a
q e C eaJ[Zy «c9fT a6YJ C%h `]F
B d,T5–\d ™ š a6Y e_Uc> D a
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # (f*,O ny
BŒ "c# 5.: " 2^ 9 | 9}T aUc>?@ D <[™ 9m f a6U f CA t 6h ` B jik F
B š9}zEDs e_U e CA t B wdk F
Bf| 9 ` D >?@_C%A t B Sik FWB
^ 9 h D’` e s ec YY e_= CA t B kik FWB ` 9.
z f U aY e CA t B KS k FWB «c9T a6YJC%h ` B Sik F
B T9.z
f U aY e !` eY a t f C%h ` B
Sik F
B$| 9 LNZ a6U c:e$= eOU Ch ` B KS k FWB ` 9$; e D C%A t B dw k F
B w `]@ 9 qX9 <oJ\e ` e_UJ'<QC%h ` nA t B kik F
© e_v C e_= D e_Uc> e ` = e< e a6=?>?@ e_=?< B w <[J'e ` eOU:J?< B G:©$9l C k:©$9l “ D J'@ <[J'e ` eOU:J?O< F C e_=?< f U sf U:J'@c< 3Z5= 9
ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3- A,@ eJ e a s @ a:< aY f U c e_v C e_= D e_Uc> e D U Q a= D f e+<
J fC$D >_<2= e_Y anJ e ` J fig e a6='u f U D e s C @5Z5< D >_< 9 LNU0J\@ e f U e@ a6U `
a‘J e a s a= f e$U ` ^ 9 | 9T a6U+>?@ D <o™ 9m f a6U f @ a<2<[J'e `aD e ` ` e$= D U cJ'@ eY a:<[JF< e Q eOU iZ e a6=?<
@ a ` = fC = fa` ec>KJ D f U fdh @ e a Q Z
= e< f U a6Uc> eO< anJ,J\@ e2j e_= sD Y a6MA e Q anJ\= f UBec< D U c § f Ua™ˆ= eOY a6J DRQ5D <oJ D >2p drq B ePv5J'= a:>KJ D U c> f Y f =o™ f >KJ e_J s anJ'= D v eOY e s eOUJ'<
h = f:s ePv C eO= DRs e_UJ aY ` anJ a 9{; eO> e_UJ\YRZJ\@ e_Z a= eE< e a6=?>?@ D U c h f =,U eO“ C @5Za< D >_< D UBY e C J f U D > ` eO> a3Za< fih = eO< f U aUc> e< B
> fsC Y e s eOU:J a6='Z‘J f < DRsD Y a6=E< e a6=?>?@ eO< D U 8 s eO< f U ` eO> a3Za< D UJ f Y e C J f U C a D =?< 9 |xU f J\@ e_= c:= f e C a6= f ecU ` | 9 ` D >?@
@ a<N<[J'e `aD e ` B a s f U c f J'@ e_= DsC f =\J aU:J
J fCcD >O< B+J\@ e g e eO<oJ D f U fih J\@ eM f JoJ f:s g e a6='u s a<'< aU `iD J'<N= eOY a6J D f Uc<\@ DRC
J fIh e$U ` a s eOUJ a6YŠ> f Uc> e C J?< fih p drq9š9HzEDs e_U e D < a“ eOYY™ u5U f “ŠU ePv C eO=oJ D U Y anJoJ D > eip drq “ D J\@)U5e s e_= f ec<
> f UJ'= D M$eaJ D f Uc<J f J\@ D < V eOY `}9 ` 9
z f U aY e @ ab< a Q eO=\Z e_v C e_= D e_Uc> e ` = e< e a6=?>?@ e_= D U C f J e_UJ D a6Y s fa` e_Y’b< a6U ` = eO> e_UJ\YRZ
@ ek@ a< h f >Pec< e Y` f UX@ e a Q ZE• a iQ f = e ` @ a ` = f U+< D Uc>PYRe `aD U cE@ e a Q Z g e a6='u f U D a 9 ` 9n; e D @ a<= e a ` ZE@ D < ` f >KJ f = a6Y:J\@ e< D <
e$U ` eO=HJ\@ e
<oe C eO= Q5D < D f U fdh | 9 ` D >?@ 9 j$= fs J\@ e ePv C eO= DRs e_UJ aY+< DR` eGB «+9T a6YJ]@ aR< aFY a= cKerJ\= a `aD J D f U D UJ\@ e>a6U aYZa< D <
fdh = e<oecYWJ?< fdh ePv C e_= Ds e_UJ?< fdh
d h ;x§ f U @ e a Q Z C>?@ a6= s aU ` M e a6e$J[aZ F g e a=\u0@ a ` = f ™ aU ` C @ f J f ™ C = fa` ec>PJ D f U 9
; eO> e_UJ\YRZ€@ e a6U ` @ eO=H<[J'e ` e_UJH| 9 LNZ a6U c:e$= e_U€@ a Q ekM e eOU a C$C YRZ D U c
e
N eO>PJ DRQ erJ\@ e f = D eO< fdh p drq J f J\@ e e_vJ'= a:>KJ D f U
fdhDsC f =\J a6UJ C a= a s ePJ eO='< fih J'@ e T J a6U ` a= ` ^ fa` eOY}ec< D U c m Rh ` ` a6J a“ D J\@ D UJ\@ e q h m ` t
– > f YRY aM f = a6J D f U 9Hm ePJ
ec< a6Y’< f = e s a=\u)J'@ e a>KJ DQ e C a=oJ D > DC anJ D f U fdh J'@ e – j –\d D UJ\@ e 8 C @5Za< D >_<“ f ='u D U c c= f e C fih J\@ e |{A m | T
> f YRY a6M f = anJ D f U < D Uc> e O©©Gc9‘T9.
z f U aY e !` e!Y a t f !D < a C f <[J\™ ` f >= eO< e a='>?@ e_= D U iQ f Y Q e `0D U |{A m | T “Š@ e_= e!@ e
s a ` e
@ D < ` f >KJ f = a6Y$J'@ eO< D < 9 j$= fs J'@ exJ'@ e f = e_J D > a6Y< DR` e,B:“ e e_v C e>KJrJ\@ a6J]J\@ e
J e a s > f UJ\= D MceaJ e<{J f J\@ e h f YRY f “ D U c
J fCcD >O<_y g e a6='u f U D e s C = fa` e+>KJ D f U a6U `` e> a3ZaL< B g e a6='u s a:<\< ` e_J eO= sD U anJ D f MU B §
; p drq D U0J'@ eY a6JoJ D > eGB}J eO<oJ'< fih
J\@ e T ^ B$M eOZ f U ` J'@ e T J a6U ` a= ` ^ fa` eOY a6U ` h eaJ'e$= e f:C$C f =\J\e$U D J D eOL< B e_J'> 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ e s e s M e_=?< fih J\@ erU f5` e T5C a D U –o– M eOY f U cNJ f J\@ e q e C a=oJ s eOUJ fih A,@ e f = e_J D > aY `]@Za< D >O< fihcš a6Y e_U+> D a £ U DQ e_=?< D J[Z
a6U ` f =,J f J\@ e t
D c:@ d f e$Uc> D Y h f = T > D eOU:J DWV > ; eO< e a='>?@ C d,T5–\d F
B D U C a6=\J D >Pe$Y a6=,J'@$= f e c:@BJ'@ e – Uc<oJ D J\eaJ f` e€j D < D > a
d f = C ec<'>Pe$Y a6= C – j –\d FYa CcD f U e eO= D U c = eO< e a='>?@ > eOU:J e_= fdh @ D cT@ eOU e_= cZ C @5Za< D >_< D U T5C a D U 9 A,@ e – j –\d D J?< eOY h @ a<
J[“ f ` e C a6=\J s eOU:J?< fih J'@ e f = e_J D > aRY a6U ` e_v C eO= DRs e_UJ aY C @5Za< D >_<F“ D J\@ s f = eJ'@ a6U kik <'> D e_UJ D <oJ'< D Uc>PYRe `aD U c <[J a N
s e s M e_=?< B QD < D J D U ci<'> D e_UJ D <oJ'L< B C f <oJ ` f > a6U ` ` f >KJ f = a6Y{<oJ\e ` eOUJ'< 9; e_Y anJ e ` a6= e a<
J f J'@ ec f a6Y’< fih J'@ e!U ePJ[“ f ='u
a s f e$UJJ f aU DRsC f =oJ a6UJ h = a>PJ D f U fih J\@ e“ f =\u ` e Q e_Y fC e ` D U J\@ e@ePv C eO= DRs e_UJ aYr< D’` eBY D iu e C a6=\J D > DRC anJ D f U D U
q h m ` t
– aU ` |{A m | T e_v C eO= DRs e_UJ'< 9 LNUJ\@ e f J\@ e_=Š@ aU ` BaJ'@ e f =\Z<[J'e `aD eO< D Uc>PYRe ` e C @ e_U f:s e_U f Y f cZ a:< f U e fih
D J?< s a D U f M I e>KJ DQ eOL< B D U iQ f Y Q5D U c eN e>KJ DQ e]J'@ e f = D eO< h f =Hp drq a6U ` = e_Y anJ e ` J fC$D >_< 9 jce$=oJ'@ e_= s f = eGB3J'@ e q e C a6=\J s e_UJ
fdh A,@ e f = ePJ D > a6Y `H@5Za< D >O< aU ` J\@ e – j –\d > fnQ eO= aYWJ f cie_J\@ eO= a“ D’` ea6= e a fdh M a< D > C @5Za< D >OH
< C h = fs U5ec>_Y e a6= a6U `
e_Y e s e_UJ a=\Z C a6=\J D >PY eBJ f s a6J\@ e s anJ D > aY C @5Za< D >_P< F 9)– U a `$`aD J D f MU BkJ\= a D U D U c fdh Z f e$U c= eO< e a='>?@ eO='< D <U anJ'e$= aYYRZ
a<'< f > D anJ e ` J f J\@ e>e ` ec> anJ D f U a6Y e_U Q5D = f U s eOU:J fih J\@ e £ U DRQ eO='< D J[Z fdh š aY eOUc> D a C e 9 c 49 f = `aD U a6='Z€Y e>KJ'e$= e< B5< e sD U a6=?< B
&3 / 0 1 `badcKe
S5~
fih4jKk
S < C eO> D aY D
e ` > f e$=?< e<B 9R9R9 F 9
‡_%„1n5‡ " 133- # %.‰}‡X‹!%O- (+O-:1O " ‡ L Q e_=.J\@ ekY a<oJ ` eO> a ` e]“ er@ a Q ek@ a `` e e C Y D U$ua<“ D J\@€J'@ e T5C a D U – U fa` eDa6U `Xs aU5Z f J\@ eO={> f UJ a>KJ?<“ D J\@ s e s M e_=?<
fdh J\@ e€| s eO= D > aMU B$8r= D J D <\M@ B d @ D U eO< eGB z eO= s aUaU `– J a6Y D aUBU f5` eO< 9
‹X( 1n55!1n # Œ " ž # % " O(+‡y
WB
R | 9 ` D >?M@ Ba@ e C ™ C @ kdkijKk K
R «+9 m]9$q f:s e_U e>?@ z a=\= ePVJ a6U ` ^ 9 | 9T a6U+>?@ D <o™ 9m f a6U f B § ec>PY 9 `H@5Za< 9 8 jik y S:©:w ™ G5 C dkKk B F
%(. /02-P 0 '7P
2A%)<:3 1 /< :' 3 *
#
31P %.13
# 0 ')/( 9.1 %
5:3 //32*,32- ( 0
# <? <:( 9$<
# ' 3 PJ3&9$/ ( 32-
<)/ 0 /3 <
02// &%
02-P1 3JD%$- %$'WJ?,/%)<)/<
%.; 0 /' 3 -
0 -P
# ' 3 < #&%:9$/<
$32'
/
%
>
› %
}1 " ' # „f O " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
|xY ` f!q e a6U ` = e a4B £ U DRQ eO='< D J[Z fdhm Z f U CA t F
q e C eaJ[Zy « e a6Ua™ `NQ eO< z = f <'< D f = ` B dr§
;
Tm Z f U C%h ` F
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # ž (+‡%(f ¨(+*Š ny
C%A J eOU5e$= e,B T T J a NCU f JŠJ e_U5e$= e ` FWB ` q ` f <[J q f > B `]@ q `]@ 9 qX9 <oJ\e ` e_UJPF
BŒf:1n‡ … ] „f k„ «+9 ;F9.d e ` eOYY CA t BA B Sik F
Bj 9.T J aUc>Pe#CA t BA B :w FWB «c9.d e c:U f U
C%A t B+A B w F 9H«c9 ` 9$m aUc<\M eO= cC%A t B `H@ q B jKk FWB §X9 ^ anJ adc:U e>C%A t B `H@ q u B iS Ck A t F B9 A B dk FWB^ 9 L>e_=\J eOY C%A t B
P/ .%Œ+1n‡O% ) …. H&+(fŽ ‘| 9.q e a6U ` = e a C%A t BA B iw k FWB T9 jY eO>?_
` q B dk FWB «+9 ™ `9z = f <'< D f = ` Ch ` BA B iS k FWB^ 9 8 e `nI[DR`aD a6U Ch ` BA B d~ k FWB8 9{d @ e_Z5U D < Ch ` B.A B k FWB
mH9 q e+>P= f eav Ch ` B A B iS k FWB | 9z e D >?@ a= ` Ch ` BA B KS k FWB ;F9 t a6= f eaJ'e$U D a6_U Ch ` BfA B k FWB ;F9 A D e_e$Y e_UJ
C%h ` BcA B KS k F 9Hm]9+z = aU ` >?@ a sC ™ q eO<\= a6eav CA t B `]@ q B i© k F
B ` 9 ` D YY f J Ch ` B `H@ q B KS k FWB$8 9c; a C$C C%h ` B
`H@ q B iS k F
O 1n5.( # «+9 ™ˆ^ 9+;ŠD >?@ a6= ` CA t B+A B dk F !13‡ " & | 9cm e ` a f e a6U+8> CA t BfA B dk F
B mH9 LNY DRQ eO= C%A t B+A B
dk F
B+L 9 `4e_U e[C%A t B+A B ik FWB «+9 ™ dN9$; a3Z5U aY C%A t B+A B dk F
n~ e_v C eO= D e_Uc> e ` = eO< e a6=?>?@ eO='L< B j <oJ\e ` e_UJ'L< B dw jc9 G C :w$9 “ D J'@ <[J'e ` eOU:J?O< F C e_=?< f U s f U:J'@c< 3Z5=
ž 13O‡Oi(f*Š-.i'‹(c13‰)O " BŒf:1n‡ … ] 5„+ k„ kA,@ e £
m cFJ e a s @ a-< a€Y f U c2J\= a `aD J D f U D U!J'@ e
<oJ\e ` Z fdhg e a=\u f U D a D U
J\@ eX> f UJ e_v5J fdhC f J eOU:J D aY s fa` e_Y’< 9k– J D <x@ aV< aYR< f a“ DR` e ePv C e_=\J D < e D Up drq B a6U `D V< a:>KJ DRQ e D UJ\@ e g e eO<oJ D f U fih
C = fa` e+>KJ D f U fih$g e a6='u f U D aDanJ> f YRY DR` eO='< 9}– U C a=oJ D >_e$Y a6Q= B D J.@ a:< ePv5J e_Uc< DQ e-ePv C e_= D eOUc> e D U § ™ M fa` ZE<\Za<[J e s L< B D U c= f e C
J\@ e f ='GZ B D U0J'@ e‘< C eO>PJ\= f <'> f:C Z fdh M a6='Z f UcL< B D U s e$YJ D ™ g e a=\u <\Za<[J e s L< B9a6U ` @ ag< aYR< f <oJ\e `aD e ` J'@ e C = f5` ec>KJ D f U fih
« @ D @U a g e a6='u™ c:Ye f U C Y a< s a 9.– J C = f5` ec> e ` < f:s e fdh J'@ e V =?<oJr<oJ\e `aD eO< fdh`aD N= a:>KJ DRQ e g e a6='u f U D e s C = fa` ec>KJ D f MU B
s f J D f U f UJ\@ eE@ eOY D > D J[Z<oJ\='ec>KJ'e$= e fdh J\@ e C = f5` ec>KJ D f @U a sC Y D J\e ` e 9
a6U ` fdh J'@ e C f <\< D McY e
e
N eO>PJ fihD U:J e_='U a6Y g e a=\u – J D < C a6=\J fih J'@ e€h T L `NaU `Bt
–[§
q | T hHe$= fC e aUU e_J[“ f =\u 9
P/ Œ+1n‡ … H&f(+ A,@ e J e a s D U – ` §NmbD < D U iQ f Y Q e ` M f J\@ D U J\@ e0J'@ e f = e_J D > a6
Y a6U ` J'@ e
ePv C eO= DRs e_UJ abY a< C e>KJ'< fdhrg e a6='u f U D e s <oJ\e `$D e< 9 |rJ2J\@ eXJ'@ e f = e_J D > a6YY e Q e_:Y e
N eO>KJ DQ e V e_Y ` J\@ e f = D eOg< a6= eXec< e ` J f
`badcKe S:Y fih4jKk
2
"
&3 / 0 1 2
S©
<[J'e ` Z g e a =\u f U D e s D U:J e_= a>PJ D f Uc< a6U ` > f e C Y D U c:< 9 |rJ!J\@ ee_v C eO= DRs e_UJ aYrY e Q e_YŠ“ ea= e D U QKf Y Q e ` D U J'@ eiU ePv5J
cie_U e_= anJ D f U ePv C e_= Ds eOU:J?<banJ d h ;x§ “ D J'@ f U e c:= f e CD U!| m–\d h a6U ` f U e D U d ^ T9 pNe a6='u f U D e s C Y a3Za<baF> e_UJ\= a6Y
= f Y e D U!J'@ eE<oJ\e ` Z fdhg e a6='u c:Ye f U C Y a:< s a aU ` “ e a6= e h e$YRYRZ D U Qif Y Q e `D U‘J\@ D <r<[J'e ` Z anJkJ\@ e D UJ e_='U anJ D f U a6Y+Y e Q e_Y 9
1n‡ " & A,@ eiLN=?< a3Z J e a s a6JJ'@ e £ U DRQ eO='< D J[Z d a sC ec< fdh `ba6= D < T e ` Br> f Uc< D <oJ'< fdhEik <oJ a N s e s M e_=?< D U
J\@ e C a=oJ D >_Y eNJ\@ e f ='Z c:= f e C}9 pNe a6UJ\e s d @$= fsfa` Z5U a sD >_< C p drq FDa6U ` @ a ` = f U D UJ e_= a>PJ D f Uc<,> f Uc<oJ D J\eaJ e f U e fih
J\@ e s a D U :a >KJ DQ5D J D eO< fih J\@ eFc= f e C}9,m a6JoJ D > ep drq U5e s eO= D > aY> aYR>_e$Y a6J D f Uc< a6U ` U f U C e_=\J\ec=\M a6J DRQ e a:< C eO>PJ'< a= e
<[J'e `aD e ` :a <]“ _e YRY a < C eO=oJ'e$=\M anJ DRQ eE> aYR>_e$Y a6J D f Uc< 9 A,@ e c:= f e C!D <DaYR< f a>PJ DRQ e D UJ\@ e C @5Za< D >_<]M eOZ f U ` J\@ e T J a6U ` a= `
^ af ` _e Y46a U `D UiJ'@ e V Oe Y ` fdh > f < sf Y f cZ 9 ^ aU5Z<'> D e_UJ D <oJ'< Q5D < D J>e Q eO=\ZBZie a=ŠJ\@ eXJ'@ e f =\Z@c= f e C Bf“Š@ D >?@ D <N“ D’` e_YRZ
uU f “ŠUa U ` a C$C = Oe > D 6a J e ` na JŠJ'@ e D U:J e_='U anJ D f U a6YY e Q e_Y 9
"
5‡O " 1n3- " … _1 " ..„ 5 Œ}1n(f .%Œ+1n‡O%  …. ] 5 „+ ]„ ,A,@ e –\–oTa§ C £ m cSFRc= f e CD <r> f:sC f < e ` fdh €C e_= s a6U eOUJ,<oJ a N0B w ]` @ 9
qX9 <oJ\e ` eOUJ'<LB9a6U ` w!C f <oJo™ ` f >_<LB aYY“ f ='u D U c f U @ a ` = f U D >YaU ` f =
U5ec>_Y e a6= C @5Z5< D >_< 9N– J?<E< D
ea6YRY f “x< h f =ga h :a <[J
D UJ e c= anJ D f U fih U e_“ s e s M eO='<>a6U `h f = h = e g e e_UJN> f UJ a:>KJ?<Va6U `i`$D <'>Pec<'< D f UM ePJ[“ e eOU a6YRY s e s M eO='< fdh J\@ e€J e a s9
A,@ D < C a6=\J fdh J'@ e,J\= a D U D U c D < h ec=oJ'@ e_=-eOUc> f e$= adcie ` M5ZX“ e eOuYRZ s e e_J D U c:< ` e Qif J e ` J f J'@ ex>Pec=\= e_UJ{= e< e a6=?>?@ e
N f =\J'<LB
` fC e_UBJ f aYY s e s M e_=?< fdh J\@ e c:= f e C}9
a6U P/ .%Œ+1n‡O% …. H&+(f {A,@ ekJ\@ e f ='Zgc= f e C a6J – ` §
m > f Uc< D <[J?< fih9ŠC e_= s a6U eOUJ<oJ a N B SxC f <oJo™ ` f >_<LB
a6U ` w `]@ 9 q9 <oJ\e ` e_UJ'< 9 ^ f <oJ fdh f ec=€= e< e a6=?>?@ D UJ e_= eO<oJ'<Ya6= e ` e QKf J e ` J f @ a ` = f U D > a6U ` f =FU5ec>_Y e a6= C @5Za< D >_<LB
M$eaJ“ e a= e aYR< f a>PJ DRQ e D U U eO“ C @5Z5< D >_<€M e_Z f U ` J'@ e T J a6U ` a6= ` ^ fa` e_Y 9 A,@ e ePv C eO= DRs e_UJ aYRc:= f e C anJ – ` §
m
D g< a Q e_='ZY a= cKe f U e> f Uc< D <[J D U c fdh kik = e< e a6=?>?@ e_=?< D U iQ f Y Q e `iD U s a6U5Za< C eO>KJ?< fdh]C a=oJ D >_Y ea6U ` a<oJ\= fC a6=\J D >PY e
C @5Z5< D >_< 9 d f Uc> eO=\U D U c0J\@ e| m–\d [h c= f e C B D J!> f Uc< D <oJ'< fdh2~ = e< e a6=?>?@ e_=?< B4a6YRY D U iQ f Y Q e ` D U f e$=U ePJ[“ f ='u 9 A,@ e
d ^ T c= f e C <Š> f U+< D <[J?< fdhD ks e s M eO='< a6U `i fdh J\@ e s a6= e D U iQ f Y Q e `BD UJ'@ eX<oJ\e ` Z fdh @ e a Q Z D f U> f YRY D < D f Uc< a6U `
C a6=\J D > DRC anJ eHJ f J\@ er<oJ\e ` Z fih+g e a6='u f U D e sD UJ eO= a:>KJ D f U+< 9 A,@ eHJ\= a D U D U c eOU QD = f U s e_UJ D < C a6=\J D >Pe$Y a6='YRZN= D >?@XM e> a6e+< e
M f J\@J\@ e f = ePJ D > a6Y aU ` ePv C e_= Ds e_UJ a6Y a:< C eO>PJ'< fihg e a=\u f U D e s <oJ\e `$D eR< a6= e C = eO< e_UJ D UJ'@ e
< a s eŠY aM f = a6J f =\Z 9 LNe$=
= e< e a6=?>?@X<[J a N D :< e D J\@ eO= h = f:s J\@ e £ U DQ e_=?< D J[Z fdhm Z f U f = dr§N;
T96– UJ\@ D <D“ a3ZEZ f e$U cN= eO< e a='>?@ eO='0< a6U ` <oJ\e ` eOUJ'<
> a6U C = f6V JFM f J'@ fih J'@ eJ e a>?@ D U cePv C eO= D e_U+> e a6U ` J\@ e!= e< e a6=?>?@ ePv C e_= D eOUc> e fdh f e$=F<oJ a N s e s M e_=?< 9‚ e!@ a Q e
Y a= cKeE<'> aY eF> f:sC eaJ eO= h a> D Y D J D e< h f =ŠU5e s eO= D > aY}< DRs e$Y anJ D f Uc< 9
1n‡ " & A,@ e“ D’` e Q a6= D ePJ[Z fdh <oecM I eO>PJ'<<[J'e `aD e ` D U)LN=?< a3Z C = fnQ5D’` e a Q e_='Z<oJ DRs e$Y anJ D U cIe_U Q5D = f U s eOUJ h f =
J\@ eJ'= a D U D U c fdh a Z f ecU c <\> D eOU:J D <oJ 9 A,@ ec:= f e C @ a< a s a>?@ D U e fdh J[Z C ei| `kh sD YY e“ D J'@ j zED c an• f:C < h f =
J\@ e U5e s eO= D > aYEp drq <oJ\e `aD eO< 9 A,@ e D U:J e_= a>PJ D f U “ D J'@ J\@ e f J\@ e_=‘Y a6M f = anJ f = D e< D U J\@ e `ba6= D < a= e aBc DRQ eO<J'@ e
fC$C f =\J\e$U D J[Z!J fh e$=\J\@ eO= e_U$Y a6= cieNJ\@ e€<'> D e_UJ DWV > `$D <'>Pec<'< D f U 9
‡_%„1n5‡ " 133- # %.‰}‡X‹!%O- (+O-:1O " ‡
A,@ e m Z f UJ e a s @ a< a h e$YY™ J DRs eN> f YRY a6M f = anJ D f U“ D J\@ d h ;
§€9 |rJ]J\@ eVe_v C eO= DRs e_UJ aY$Y e Q eOYaJ\@ eE| m–\d h a6U `‘d ^ T
c= f e C < D U m Z f U a6= exJ D e ` J f!d h ;xL§ h f = aXY a6= cie C a6=\J fdh J'@ e D = ePv C e_= Ds e_UJ a6Y a>PJ DRQD J[Z 9– UBJ\@ eFA,@ e f ='Z c= f e C | 9
q e a6U ` = e aX> f YRY a6M f = anJ e<H“ D J\@ C f <[J\™ ` f >O< D U‘J\@ e d h ;
§ J'@ e f =\ZJ e a s9{«c9 ™ˆ^ 9;ŠD >?@ a= `!D U z = e_U f M$Y e
D“ a< Q5D < D J D U c
`H= fdh eO<'< f = D UBJ\@ e m Z f UJ e a s Y a:<[JŠiZ e a6= a6U ` @ e2@ a:<,Y f U cJ eO= s > f YRY aM f = a6J D f Uc<k“ D J\@J\@ e m Z f U c= f e C a6U ` “ D J\@
d h ;x§X9ct e aYR< f > f YRY aM f = a6J e ` “ D J\@ «c9+; f <\U e_= h = fs J'@ e £NT | 9
551n # Œ " ž # % " O(+‡y
R |=2?A9c@ q e a6U ` = e aYB z9c§ a= ` e$YY D Bc| 9 qX9 ` f Y f < aYBa|
= NDQ y @ B e C ™ C @ kKS k:~nSc9
R | 9$¤9cz = aU:
QJ B «c9$m] 9$; f <\U e_Q= Ba| 9 ^ a=o J D .U B «c9 ^ 9$;xD >?@ a= ` a6U `«+9cT J\e$McM e,B `H@5WZaB < 9a; e Q9$q c› C O©K© j F :~nGa9
"
9 3J3 #1 (+-N2<
/3
. # 069$(+-N2<3 @UV3&0 '
9
0 ')*%%P
3 -&( 3 *
' %$<$3 -0 -9:%)<0 -P,/3
1 %$;2%.1 <"(+/
/ &%
<.0 *%
#')(+- 9$( #&021UV3&0 -&/W3 *
`badcKe S:©Yfih4jKk
- 3 *,5:%$'
GKk
› %
RŸ œ O " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
^ D >?@ e_Y a6U cKe_Y f ^ aU cKaU f BaA t qNDQ5D < D f U.B d h ;x§ C T “ D J eO=\Y a6U ` F
q e C eaJ[ZykLNY DRQ5D eO= T >?@$U e DR` e_=QB £ U DRQ9]m aec< aU$U e
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # (f*,O ny
œ E^ 9 ^ aU cKaU f CA t B dk FWB2| 9 ^ a=oJ D U C%A t B wik FWB2A 9 j eOY `$s aUCA t B SKk FWBFL 9Š– f ec>?@J'>?@ e_U$u f
C%C%hh `x`xyy mmt2S B d|{AMM B m i | kT B F
iw B kdN 9rFWBF9m f| e$9N= eOq Uca > Df U eC< h eSC%h `
y § `x| y | wimk –\B § d |hjKB k wdB k k FW BFF
j B 9 `|x9 Uj J f D U u fa#= D C%C%h h `x`xy y| | mm–\–\d d hhB B SKwdkk FWFWB B T¤9 9
8rT = aa:h>_a> = D UD u D
C%h `xy | m–\d h B dw k F
BŒ "c ‡ " . NL 9cT >?@$U e D’` e_= Ch `
y m.tEd MM B iS k F
B BŒ 5.Œ " Š^ 9+¤2D eOU Y e>C%h `xy mS B kik F
{% # # … t€9+T a6J CA t B d~ k FWB ` f <oJ ` f >O< C%A t FC ~ k F
3w e_v C eO= D e_Uc> e ` = eO< e a6=?>?@ eO='L< B k <oJ\e ` e_UJ'L< B ©Sc9 jC e_=?< f U s f UJ\@+< nZ= 9
ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3A,@ e
J e a s “ D YRYf> f UJ\= D M$eaJ eNJ f J\@ eNJ a:<oua< fdh pNe a6='u f U D e s `H= fa` ec>PJ D f U aU `‘q eO> a3ZaL< B T J a6U ` a6= ` ^ fa` eOY^ e a<\e$= eP™
s eOUJ'L< B}pNe a6='u f U D e s D U^ e `aD a4B 8 eOZ f U ` J\@ e T J a6U ` a= ` ^ fa` e_4Y a6U ` j$eaJ'e$= e‘L C$C f =\J\e$U D J D e< 9 ^ e s M eO='< fdh J'@ e
J e a s a6= e>aY= e a ` Z!>Pe$='= e_UJ\YRZ!“ f =\u D U c f U g e a=\u f U D e s C = f5` ec>KJ D f MU B g e a6='u s a:<\< ` e_J eO= sD U anJ D f Uc< B g e a=\u f U D e s
` eO> a3Z5L< B ` e Q eOY f:C$D U c DsC = fnQ e @` h f = s e$Y anJ D f Uc< fdh eN e>KJ DQ eFJ\@ e f = D e< h f = g e a6='u f U D aYBa@ D c@ eO=o™ f = ` eO=x> fsC e$J anJ D f Uc<
h f = C e_=\J\e$='M a6J DRQ e g e a=\u f U D e s <\Za<[J e s R< aU `` anJ a a6U aYZa< D < h f =]@ e a Q Z D f Uc-< e_v C eO= DRs e_UJ'-< aU `!m h ` 9:T5DRs e$Y anJ D f Uc<
a6= eE@ e a Q5D YRZ C e_= h f = s e ` J f < e_Jxe C J\@ e h eaJ'e$= e s a:>?@ D U e mt2d a6U ` h e a< D M D Y D J[ZB<[J'e `aD eOV< a= e ` f U e h f = drm}–\dN9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f d h ;x§”D <,J\@ e€Y a= cKeO<oJ C a6=\J D >PY e C @5Z5< D >_<,Y a6M f = anJ f =\Z D UJ\@ eF“ f =\Y ` 9H– U a `c`aD J D f UJ f!s e s M eO='< fihHd h ;x§ D <ŠA,@ e f ™
= e_J D > a6Y CA t FDa6U ` hHv C e_= DRs eOUJ a6Y CRh `]F `]@Za< D >O< `aDQ5D < D f U+< BJ\@ e2J e a s D Uc>PYRe ` eD< ePv C eO=oJ?< D U g e a6='u f U D e s C @5Z5< D >_<
h = f:s S f J\@ e_= – Uc<oJ D J\eaJ D f Uc< 9 A,@ eFA t q
DRQ5D < D f U> f Uc< D <[J?< fdhik <[J a N s e s M eO='U< C k “ D J'@J e_U5e$= eGB k “ D J\@ j ™ KZ e a6=
> f UJ'= a:>KJ'P< FWBbaU ` a CcC = f v DRs anJ eOYZ S:w ` f <[J ` f >KJ f = a6Y h e_YRY f “x< C%“ D J'@ ™ˆiZ e a6=€> f UJ\= a>PJ'P< F 9 |
M f eaJ KS k ™ dw k <\@ f =\Jo™ f =
Y f U c6™ J eO= s Q5D < D J f =?Y< a= ea6Y’< f0C = e< eOUJ anJ a6U5ZJ DRs e fih J\@ eiZ e a6= 9 |
YY s e s M eO='< fdh J'@ eA tŽ`aDRQ5D < D f U “ f ='u D U c
D U @ e a Q Z g e a=\u f U D e s¦C @5Z5< D >_< a= e D U iQ f Y Q e ` D U J\@ eBU ePJ[“ f ='u 9 jc= f:s J'@ e e_v C eO= DRs e_UJ aYk< DR` e,BJ\@ e § ePJ[“ f ='u
D Uc>_Ye ` eO< C e fC Y e€“ f ='u D U c f U@ e a Q Z g e a6='u f U D e s D <\<\e eO< anJxJ'@ e m h ` ePv C eO= DRs e_UJ'L< Bc“Š@ D >?@ a= e V U aY D _D U c!J'@ e D =
` anJ a a6U a6YRZ5< D < B D U >Pe$='= eOUJ
@ e a Q Z D f U ePv C e_= Ds eOU:J?< C § | jik F
B a6U ` a6J
J'@ e h e$J\e$= eFe_v C eO= DRs e_UJ'< fdh]m.tEd C m.tEd M
a6U ` |xY D > eQF 9 `ba6=\J fih J'@ eO< e a>PJ DRQD J D eO< a6= e
aYR< f <[J'= f U cYRZ!Y D U$Ku e ` “ D J'@ zFT5–kq a6= s <[J a ` J 9
Cfda,hF]D J?dJ'< @ h ea;x>KV J § ='DQ5<oJŠDa6J YRD“ = eOe f<Ša =\“` uaZ <\D YR@ Y}C fM= C fne QD“ C D’`ae$e<rM$` @Y D f<\= @eO<[YJe e e ` Q ` a6a:Ua< JU a `!D U d V h = hU aa6;x<oUcJ\'§ ='> ecD a`>KYJ'YRe_e$Z‘YR=Y f <\e“e <HC$J ;Cf f e J'=\C @ J f e
e =\` a:J 9>KM5J Z DQ5d D J hD eO;x< §fdh D J'U @ eFV§ pNfnQ e e a6s ='uM f eOU = D ike isk: B‚ VC%f 2M ='F]u D J\U @ c e2z = eO= <\f e$e YCJ'< y
A,@ e€= eO< e a6=?>?@ e_U Q5D = f U s eOUJ anJ d h ;x§bD V< e_va> e C J D f U a6Y.U f J f U$YRZM e> a6e+< e fih{D J?< f “ŠUi= eO< e a='>?@ a>PJ DRQD J[ZM$eaJ
a6Y’< f M e> a6e+< e D J C Y a3Z5
< a s a I f =N= f Y e a
< a C Y a> e“Š@ eO= eFePv C e_= Ds e_UJ a6Y D <oJ'L< BfJ\@ e f = ePJ D > D a6U+>< aU ` ePv C e_=\J'< fdh]V e_Y ` <
= eOY a6J e ` J f @ D c:@@ eOU e_= cZ C @5Za< D >OD< ePv$>?@ a6U cie D U h f = s a6J D f MU BaU e_“ D’` e aL< B ePv C eO=oJ D < e 9
h Q eOU D hEd h ;
§ D F< a= e< e a6=?>?@Y a6M f = anJ f ='Z a6U ` ` f e<FU f J@ a Q e a`]@ q C = f c:= a ss e,B D J C = fnQD’` e< a@ D c@$YRZ
g e a6Y DWV e ` aU ` e_vJ'= e s e_YRZ<oJ DRs ecY a6J D U cJ'= a D U D U c@e_U Q5D = f U s eOUJ 9Fq ec= D U cBJ\@ e T e ss e_=EJ\@ e_= e D <NJ\@ e“ eOYY™ˆuU f “ŠU
T e ss e_= T J\e ` e_UJ!Y e>KJ'e$= e C = f c:= a ss e,B4a `$` = eO<'< e ` J f e$U ` e_= c= a ` e a6J e<oJ\e ` e_UJ'L< V ` e$= D U c0J'@ ea:> a ` e sD >‘iZ e a6=
d h ;x§ f = cKa6U D eO<,J'@ e|N> a ` e sD > m e>KJ\ec= e C = f c= a ss eGB$“Š@ e_= eX“ f ='Y ` ™ˆY e a `$D U c C @Za< D > D <oJ'<
Y e>KJ'e$= eXJ f `H@ q <[J'ea™
` e_UJ'L< V a6U ` J'@$= f e c@ f eaJ,J\@ eEKZ e a=,< e sD U a6=?D< a6U ` > f YY fag e D a a6= e>c DQ e_U f U a ` a D YZ‘M a< D < f U< C e> DV g> a6U ` cieOU e_= a6Y
&3 / 0 1 `badcKe G Yk fih4jKk
G
C @5Z5< D >_< a6U ` <'> D e_Uc> e D <'<\e eO< 9 A,@ eFe$U DRQ eO='< D J D e< fdh 8 D e_Y e h eOY ` aU `z eOU e Q a@ a Q e
a= e c:e$Y a= `H@ q C = f c= a ss e 9
‡_%„01n5‡O " 1n3- # %.‰}‡‹!%O- (c-.1‘ " ‡
A,@ e_= e e_v D <oJ'< a6U aY= e a ` Z<oJ\= f U cX> f YY a6M f = anJ D f U a sf U c€J\@ e `aD N eO= eOU:J c= f e C < fdh J\@ e€p ‚ z aU `Bd h ;x§€9 A,@ D < D <
a6Y’< f <\@ f “ŠUM5Z‘J'@ e h a>PJ,J\@ a6JŠJ\@ e V =?<oJEp ‚ z “ f =\ua<\@ fC “ a:<k@ e_Y ` a6J d h ;x§X9
‹X( 1n55!1n # Œ " ž # % " O(+‡
R| 9 `4ePJ' = eOYY 2D (). - B §-ec+>_Y 9 `H&@5
Za3<1 9 5+7 B 6G,w C -/O. ©:© F
R` 9 $ |x.
Y &eO<'< a U & `= f&('.
$ B C d& h ;x. &§ FB 9kd h ;x§ ™ˆ| m}–\d h{™ –[§ AŠh ;x§ | m ™ § LEAŠhH™ ikik: ™ kw B}| m}–\d hH™ –[§ Ar™ ikik ™ k:w B
ikik:$9
› %
/
( #%" … K # (5Œ+5 " O " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
t e_Uc=\Z5u `baYu aYB tX9 §
D eO“ fa` U D > a6Uc<\u D}– Uc<oJ D J\eaJ e fdh{§ ec>_Y e a6= `H@5Za< D >O< B ¤ = a6u f “
q e C eaJ D eO<Oy ¤ = Za< J fih
z f Y eO>P™ˆ8 D e_='U anQJ B t€9 §xD e_“ f5` U D > aUc<ou D – Uc<oJ b9 fih§ ec>PY 9 `H@5Za< 9 B ¤ = au f U“ B
a6U ` `4ePJ e_= ¤ = D a6MU B «+9+T J e h a6U – Uc<oJ 9 aU `B£ U DRQ e_=?< D J[Z fihm$I e$M$Y I a6U a
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # ž (+‡%(f ¨(+*Š ny
C%A E0A e_U5e$= e ` B `4eO= s a6U e_ULJ V T T J a N_C%U f JŠJ e_U5e$= e ` F
V `H@ q `]@ 9 q9 <[J'e ` e_UWJ F
%‹X(….% " ‡_‰} P‡_ (+* i # " 1)/F-&}‡O‡ 1 " ‰+(5‹ t€9 `baYu a_C%h `xy 8 e_YRY e,BkA B dw k FWB «+9
8k= fa` _D >?u a C%h `
y 8 e_YRY eGB>`]@ q B iw k FWBN| 9Š¤ a> _s a6=?<ou a#Ch `
y |rJ'Y a:< B T B dw k F
B ¤9Š
z f Y eO>K™—8 D eO=\U anJ CA t BxA B
dw k F
B$| 9+T J a<oJ f C%A t B T B dw k F
BŒf:1n‡?& (f* b%%„ " … b "$##% 13„+& 1 " ‰+(5‹ €| 9 LNM$Y a6u f “x<ou a6™ˆ^ie+>?@ aC%h `xy mt2d MM B T B iw k FWB 8 9
^ie$='ZU C%h `
y m.tEd MM BcA B KG k F
B$A 9+T e s Y a6u C%h `xy mt2d MM B `H@ q B KS k FWB ¤9+dkD M aC%h `
y m.tEd MM B `]@ q B iS k F
" „+ #%# (+ " Œ+1n‡?& 1 " ‰+(5‹ m]9 ^ f J[Z5u aXC%A t B T B kik F
5* " P‡OO " … BŒ +4 # 4 " " ` 95¤ = D a6HU C%h `xy 8 e_YRY e,BA B iS k FWB5^ 9$T J a= D U> C%h `
y t h ; |x™ˆK8 B
A B dw k F
B8 9
z f Y f M C%h `xy 8 e_YRY e,BA B iS k FWB| 9:
z f = D < eOu C%h `xy t h ; |Š™—K8 B T B dw k F
B –K9 8 D [I a6u C%h `xy 8 e_YRY e,Bi`H@ q B
GKk F
K e_v C eO= D e_Uc> e ` = eO< e a6=?>?@ eO='L< B G <oJ\e ` e_UJ'L< B jij C 6G “ D J\@i<[J'e ` eOU:J?O< F C e_=?< f U s f UJ\@c< 3Z5=
ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3- A,@ eJ e a s D <!> f:sC f < e ` fdh ePv C e_= Ds eOU:J a6Y D <oJ'< aU `)S J'@ e f = D <oJ'H< C a s f U c J\@ e s h f e$=!“ fs e_2U F“ f ='u D U c
D U J\@ e V eOY ` fdh2g e a6='u f U D a C @5Z5< D >_< h f =!< e Q eO= aYkKZ e a='< 9 A,@ e h a>PJJ\@ a6JJ'@ eJ e a s D Uc>PYRe ` e< s e s M e_=?< fdh h f e$=
`aD N e_= e_UDJ ePv C e_= Ds e_UJ?K< C a>PJ DRQ e f =re$U ` eO=,> f Uc<oJ\='ec>PJ D f 2U F C = fnQ5D’` eO<]J\@ eEecU DRg e e fCcC f =oJ'e$U D J[ZJ f <[J'e ` Z g e a6='u f U D a
D U `aDRQ eO='< DWV e ` e_U eO= c:Z‘= e c DRs eO< a6U `BC = fa` ec>PJ D f U e_U Q5D = f U s eOUJ'< 9 A,@ e ePv C e_= Ds e_UJ a6Y D <oJ'< fih J'@ eFJ e a s @ a Q eEM e e_U
> f U ` ec>KJ D U c<\ec>?@ <[J'e `aD eO< ` e$= D U ciJ\@ eBY a:<[J ` eO> a ` e,B\ = a6U c D U c h = f:s J\@ e ,J = a `$D a6J DRQ e‘“ D’` J\@ s e a<\e$= e s e_UJ'< D U
q eOY C @ D a6J m h ` BKJ fNs f = e{= e> e_UJ D U Q e<[J D c anJ D f U+< Y D iu e QB SJ aU ` =2?A@ C = fa` ec>PJ D f YU a6J t h ; |Š™—8 f =}J'@ e f Mc< eO= Q a6J D f Uc<
fdh J\@ e ,J C FbaU ` \ x\ C = fa` e+>KJ D f U a6Jr8 e_YRY e 9q e$= D U c€J'@ e
= eO> e_UJ]iZ e a6=?<J\@ e
J\@ e f = ePJ D > a6Y C @Za< D > D <oJ'< D U‘J\@ e
J e a s
C e$=?<oe e ` = eO< e a='>?@ f U g e a6='u f U D a@ a ` = f -™ a6U ` Y e C J f:C = f5` ec>KJ D f U 9
A,@ e V =?<[J C = f:C f < e ` = eO< e a='>?@EY D U e fdh J\@ e ¤ = au f I“ aU `2maI e$McY I aU a,J e a s < D <}M a< e ` f UF@ D c@€<oJ a6J D <[J D >O9< a6U ` >PY e a6U
` anJ a!< a sC Y e< h = f:s J'@ eX8 e_YRY eYePv C eO= DRs e_UJ 9 A,@ e C = eO< e_UJ ` a6J a!< a sC Y eF“ D YRY D Uc>_= e a< ega6J
Y e a<oJŠJ\@c= e e h f Y `D UJ'@ e
> fsD U c ™ S KZ e a6=?L< B C = fnQ5DR`aD U c2J'@ e s anJ e_= D aY fih @ D c:@ `aD <\> fnQ e_='Z C f J e_UJ D a6Y 9 A,@ e
Y a6= cie 8C G F ` anJ aX< a sC Y e f:C eOUc<
%$/
021 %./021 &3 / 0 1 `badcKe G > fih4jKk
G
U e_“ `aDRs e_Uc< D f Uc< D UXM f JoJ f:s f U D e s”D U Q eO<oJ D cKanJ D f Uc< Q5D ax< e a6=?>?@ h f = D J?<= a6= e ` e> a3Z sf5` eO< aU ` <oJ\e `$D e< fihc` Z5U a sD >_<
fdh J\@ e= eO< f U aUc> e h f = s a6J D f U 9 A,@ e 8C G F ` eO> a3ZBJ f@fC e_U M e aeaJ[Z s eO< f Uc< C = fnQD’` e<Š“ f U ` eO= h e$Y fCcC f =oJ'e$U D J D eO<
h f =]>?@ a= sf U D aE< C e>KJ\= f <'> f:C ZYa6U `` e> a3Z s e>?@ a6U D < s <oJ\e `aD eO< 9– U a `$`aD J D f UJ f >Pe$='= eOUJ\YRZ C e$=?<oe e ` < C eO>PJ\= f <'> f:C$D >
D U Q e<[J D c anJ D f Uc< Bc“ e€“ f ecY ` Y D iu eFJ f an\ J\J a>?uBJ\@ e<'> a6=?> eOYZuU f “ŠU >?@ a6= sf U D a!<[J anJ eO< aM fnQ e \ J'@$= e<o@ f Y ` “Š@ D >?@
> a6U M e f Mc< eO= Q e ` D )U I ` e> a3Za< 9 A,@ e> f UJ D U5e$e s \ ` a6J a < a sC Y e C = fnQD’` e<Ya >PY e a6U
e_U Q5D = f U s eOU:J fih >?@ a= @ C – U FDC a6= U e `C a6 = JanJ a6D fU Uc`< ` h ff s =He$f M$J\U @Y e D e
a |{EC\ A = C f5m = ` fa| ec` T >Ke+J a>KD fJU D U `!f U <omJ\9 t2e LN`$d e$D Me= < eP9V v ='‚C <oJxe_e!= = DeOs“ <\fe$e_e$UYWJ?YJ?< ` R< ` anY =D J{Ku e_J'e“@ J e > f f m.Uc> tEf< D’Ud ` J e_B:D U5= @ a6e D M$c:e@aY egJ\™ Z
@ anie‘JoJ <[>?e_J'@Ue aJ `aD = f Ds eOU < f fiU fdh D h,agJ\D@ a6Uce U >Pf YR` =ecD <M<[DJ?fQ < Joe 9 J f:=2s ? @ f ™ B
U D a C = fa` e+>KJ D f U D U Z,Z0> f YY D < D f UcV< a6J OG 0A e š “ D YYM e<[J'e `aD e ` 9ET5D U+> e€@ e a Q Z g e a6='u f U D a ` eO> a3Z5< C = fnQ5D’` e `aD <[J D U+>KJ
< D cU a6J\e$= eOL< B6J'@ eO< eN<oJ\e `aD e< a= e,BM eO< DR` eO<]J\@ e C @5Z5< D >_< D <'<oe e< B fdh c:= e anJ DRsC f =oJ a6Uc> e h f =kJ\@ e ` ePJ eO>PJ f =r> aY D M$= anJ D f U+< 9
A,@ e mtEd NM e_v C e_= DRs eOULJ Br“Š@ D >?@ D < ` eO< D c:U e ` h f =!8k™ s e< f U C @Za< D >O< B a6Y’< f c DRQ e< a>_> eO<'<J f = D >?@ >?@ a6= s f U D e s
< C eO>PJ\= f <'> fC Z D Ui8 ` eO> a3Za< 9
LNUBJ'@ e€J'@ e f =\Z< D’` e,B$J\@ e€= e< e a6=?>?@B“ D YRY> f Uc> e_UJ\= anJ e f U g e a6='u f U D a C = fa` ec>PJ D f U s eO>?@ aU D < s <_yk@ D c@ e_U e_= cZ
`aD N= a>KJ DQ e C = fa` e+>KJ D f U D Uc>PYRe `aD U ci< C$D U eN e>KJ'L< B eOY a:<[J D > C = fa` ec>PJ D f U “ D J'@ @ D c:@ s f:s e_UJ\e s J\= a6Uc< h e_Q= B aU ` J'@ e
J\= DC Y e cYRe f U> f UJ\= D MceaJ D f UBJ f >?@ a= s f U D a C = f5` ec>KJ D f U D U0pNe a6='u™ z YRe f U C Y a< s a 9
A,@ e maI e$McY I aU a J e a s D <B> f:sC f < e ` fih e_v C eO= DRs e_UJ aY D <[J?<!“ f ='u D U c D U J\@ e V e_Y N` fdh€g e a6='u f U D a C @5Za< D >_< D U
J[“ f ePv C eO= DRs e_UJ'L< B t h ; |Š™—8 a6U ` 8 eOYY e 9 A,@ e t h ; |Š™—8 ePv C eO= DRs e_UJD“ a< f = D c D U a6YRYZ ` eO< D cU e ` h f = C = eO> D < D f U
8 C @5Z5< D >_<E<[J'e `aD eO<NMZ e_v C Y f:D J D U c@ a ` = fBC = f5` ec> e ` 8 s eO< f Uc< D U> f YRY D < D f Uc< fdhk©dkz e š n> C = f J f Uc<N“ D J'@0“ D = e
J a6= cie_J'< 9 A f = e ` ec> e€Y a= cKeFM a>?u c:= f e$U ` < h = fs D U e_Y a<oJ D > e Q e_UJ'L< B+J\@ eXJ\= D cKcie_=N<oZa<oJ e s D“ a< ` eO< D c:U e ` J f < e_Y eO>KJ28
` eO> a3Z5<k“ D J\@ a =2?A@ D U‘J'@ e V U a6Y <oJ a6J e 9 A,@ eE> f YRY e>KJ e ` < a sC Y e fih e Q e_UJ?< D < ` fsD U anJ e ` MZ C = f:sC J\YRZ C = fa` e+> e `
>?@ a6= s f U D aYBRaU ` J'@5ec< a6YRY f “x<<oJ\e `$D e< fdh @ a ` = fC = fa` ec>PJ D f U fih =2?A@ a6U ` J <[J anJ eO< fnQ eO= a M$= f a ` u D U e s anJ D >
= e c Df U 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ e ¤ = a6u f “ M$= aUc>?@ fih J\@ eE= eO< e a6=?>?@J e a s > f Uc< D <oJ'< fdh = e< e a6=?>?@ e_=?< h = fs J\@ e tX9 §
D eO“ fa` U D > a6Uc<\u D– Uc<[J D J'eaJ e fih
§ ec>_Y e a6= `H@5Za< D >_K< C –[§ `]F
B5J\@ e £ U DQ e_=?< D J[Z fdh ^ D U D U c a6U ` ^ e_J a6YRYRe$= c:Z C £ ^ ^ FDa6U ` J\@ e « adcKe_YRY f U D a6U £ U DQ e_=?< D J[Z
C «£ A,FWB$@ J\eF@ Ye a=s cKaeOI<ofJ =ŠC = a6e=\< J e a6fd=?h >?J\@ @ eFa6U J `e a e s ` ec> > fans J D ef < U h =D Ucf:<[s J D J'J'ea@ J e D f –[U+§ < ` D U9 A,¤ @ = e a6u–[§ f “ ` 9 = e< e a6=?>?@B<oJ a N D U+>PYRe ` eO< S6GC = fdh e<\< f =?< a6U `
6S a<'< f > D anJ e C = fih eO<'< f ='< 9 A,@ e T > D e_UJ DV > d f ecUc> D Y fdh J\@ e – Uc<oJ D J\e$J eF@ a:<]J'@ e a6e$J\@ f = D J[ZJ f > f U h eO=kJ'@ e ` e c= e eO< fih
`H@ 9 qX9 aU F` fdh |N<\< f > D anJ e `]= fih eO<'< f ]= C t a6M D Y D J anJ D f U F D U `H@5Za< D >_< 9 A,@ e –[§ `0='e$Uc<J'@ e – U:J e_='U anJ D f U a6Y `]@ q T J\e `aD e s
“ D J'@ dw k <[J'e ` eOU:J?
< e_U$= f YRY e ` 9 ^ aU5Z fih J\@ e –[§ `<oJ a N @ a Q eXJ e a:>?@ D U c ` eaJ D eOg< anJ2J'@ e « adcKe_YRY f U D a6U £ U DQ e_=?< D J[Z
a6U ` J\@ e £ ^ ^ 9ftxD c
@ e_U eO= c:Z C @5Za< D >_< ` e C a=oJ s eOUJ'< D Uc>PYRe ` e i k e_v C e_= DRs eOUJ a6Y D <[J?< a6U ` dk J\@ e f = D <oJ'< 9 A,@ e
ePv C eO= DRs e_UJ aY= e< e a6=?>?@‘> fsC = D < e< C a=oJ D > DC a6J D f U D U s a I f D= a>O> e_Y e_= anJ f -= e_v C eO= DRs e_UJ'<Oby anJ ¤ h ¤ C%8 eOYY eQF
B d h ;x§
C m h A,`x@ y e q £ e_Y ^ C @ ^ D B smt2e s d M yceO|r='J\< Y afdL<h B J'm.@ e
tEJ d e MM a sBc|
M Y D e_> Y eAf FWU B c€q J h fT q ` e C C ta6=\ J sB ^ eOe_U:ecJP< F fda6h U h]` Y e 8 s §
eOUm J a6C =';
Z tx`b–\da6=\y J D`]>P@Y eVf `HM f@5P< ZaF < 9 D >_< a6U `‘q ePJ eO>PJ f =?<
fdh J'@ e‘j a:>Pe$YJ[Z fdh `H@5Za< D >_g< aU `§ ec>PY e a=FA e>?@$U D’g e eO< 9 A,@ e h a:>Pe$YJ[Z D Uc>PYRe ` e< jBC = fih eO<'< f ='
< a6U ` ik a:<\< f > D anJ e
C = fih eO<'< f ='< 9
A,@ eEJ\@ e f = ePJ D > aY C @5Z5< D > D <[J h = fs J\@ e « aicie_YRY f U D a6U £ U DRQ e_=?< D J[Z!M e_Y f U c<kJ f J\@ e€h]Y e s e_UJ a=\Z `ba6=\J D >PY eg`H@5Za< D >_<
a6U ` j D eOY ` A,@ e f ='Z q e C a=oJ s eOUJ fdh J\@ e – U+<[J D J'eaJ e fih `]@5Z5< D >_< 9 A,@ e – Uc<[J D J'eaJ e fdh `H@5Za< D >_< D < ¤ = a6u f U“ D < s a I f =
C @5Z5< D >_V< e ` ec> anJ D f U > e_UJ eO=x“ D J\@ d~ kik <oJ\e ` e_UJ'>< a6U ` K k `H@ q <oJ\e ` eOUJ'V< eOU$= f YRY e ` 9 A,@ e_= eYa6= e S:©C = fih eO<'< f ='<
s f U cJ'@ e s k a6U ` = eO< C e>KJ DQ e_YRGZ B D UBJ'@ e C a=oJ D >_Y e
a6U `iw a:<\< f > D anJ e C = fdh e<\< f =?< e sC Y f iZ e `BD UBJ'@ e – Uc<oJ D J\eaJ eGB a C @5Z5< D >_< ` e C a6=\J s e_UJ 9
A,@ e€J'@$= e e ¤ = a6u f "“ c= f e C <Š@ a Q e€M e e_U0> f YRY aM f = a6J D U c‘>PY f < e_YRZ h f =NJ\@$= e e ` eO> a ` eO< 92d f:ss f U < e sD U a='>< a6U `
`aD <'>Pe+<\< D f UcL< B$< e> f U `as e_UJ'< fih <oJ\e ` eOUJ'L< Bc>P= e a6J e a Q e_='Z D Uc< CcD = D U c= eO< e a='>?@ anJ s f < C @ e_= e 9
A,@ e maI e$M$Y I a6U aB= eO< e a='>?@0J e a s > f Uc< D <oJ'< fih = eO< e a6=?>?@ eO='< h = f:s J\@ e £ U DRQ e_=?< D J[Z fihrm$I e$M$Y I a6U a a6U `«+9T J e h a6U
`badcKe
G5
fih4jKk
G:S
– Uc<[J D J'eaJ e 9 A,@ e e_v C eO= DRs e_UJ aY C a=oJ D >_Y e C @5Za< D >O< c= f e C > f Uc< D <[J?< fdh aM f eaJ wC @Za< D > D <oJ'<LB f eaJ fdh “Š@ D >?@ J\@ eO= e
a6= e S C = fdh e<\< f =?< a6U ` w a<'< f > D anJ e C = fih eO<'< f ='< 9 ^ f <[J fih J'@ ec= f e C s e s M e_=?<@ a Q eBJ e a:>?@ D U c ` e$J D eO< a6JJ'@ e
£ U DRQ eO='< D J[Z 9 A,@ e>c:= f e C!D < D U Qif Y Q e `D U h f e$= s a I f = ePv C e_= Ds eOU:J?<_y8 e_YRY e8C ¤ h ¤ FWB t h ; |Š™—8 C q h TS` F
B$|rJ\Y a< a6U `
q eOY C @ D C d h ;x§ F 9
A,@ e C a6=\J D > DRC anJ D U c D Uc<oJ D J\eaJ D f Uc<,@ a Q e h a<oJ – UJ e_='U e_J,Y D U$ua< a6U ` a> fsC e$J e_=,M a:< e a ` e g e a6J e h f =rJ\@ e€> f U ` ec>KJ
fdh > f YY a6M f = anJ DQ e= e< e a6=?>?@ 90T fs e< s a6YRY D U Q e<[J s eOUJ'< D U > fsC eaJ e_=Ye g e DCcs eOUJ“ D YYrM e C = f M aM$YZ U e e ` e ` J f
>P= e anJ e a `$`aD J D f U a6Y “ f ='u C Y a:> e< h f =,J\@ e a C$C fD UJ e ` <oJ DRC eOU `aD <[J?< fdh J\@ eFU ePJ[“ f ='u 9
‡_%„01n5‡O " 1n3- # %.‰}‡‹!%O- (c-.1‘ " ‡ A,@ erJ e a s @ a:<= e< e a6=?>?@€Y D U$ua<“ D J\@ s f <oJ fih J'@ e f J\@ e_={U fa` e< fdh J'@ e,U ePJ[“ f ='u B3J\@ aU$ua<J f > f:ss f U C a6=\J D > DRC anJ D f U
D U J\@ e e_v C e_= DRs eOUJ'<!> f U ` ec>PJ e ` D U Y a6= cie D UJ e_='U anJ D f U a6Y,> f YY a6M f = anJ D f Uc< 9 `ba=oJ D >_e$Y a6='YZ <oJ\= f U c= e< e a6=?>?@ Y D U$ua<
ePv D <oJ'< D UJ\@ e m$I e$M$Y I a6U a6™ ¤ = a6u f “,™ ¤ h ¤ J'= D a6U cY eGB5J\@ a6U$ua<,J f J'@ eF='e$U$U D U c!8 e_YRY e e_v C e_= DRs eOUJ 9{‚ eF@ a Q e
e g e aYYRZ
<[J'= f U cY D U$ua<€“ D J\@ J'@ e D Uc<[J D J'eaJ D f U “Š@ D >?@ ` f eO<XU f J€M e_Y f U cJ f J'@ e‘U e_J[“ f =\uy2J\@ e – Uc<oJ D J\eaJ e fdh h{v C e_= Ds eOU:J a6Y
a6U ` A,@ e f = ePJ D > aVY `H@5Za< D >_< D U ^ f <\> f U“ B ; e+<\< D a 9 A,@ e > f YRY aM f = a6J D f U)“ D J'@ ePv C eO=oJ?< h = fs – AŠh ` C ` 9 `ba6u5@$Y fnQ B
;F9ld @ D <oJ fnQ F D < Q e_='Z Q5D J a6Y h f = f e$=Š= eO< e a='>?@Y D U e 9
‹X( 1n55!1n # Œ " ž # % " O(+‡
R T9 ™ ¤ &59+ d @ ('f.D - () &C%8 Se_J YRCY e d F f . Y-Y 9 F
&B `H
@5$ %Za< . 9$ &; Ie Q9$m e_JoJ 9 Ÿ .B k
dkK k & 53C 12dki k:B S F
R ;F.9 hH =' U
M('. e_ = & c4B mH& 9 ^ 1 f J[&Z5
u (4aYB z 9 & ` f -
Ye *` U D f “x <o('u .DB5- h]e$=9 `]@5(' Z5&< 9$«+9+ d ƒ & Cik i('k:.- FWBB O © ™ %./
0 1 › %
% œ-% " " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
«c9 ` 9 ^ aXB – Uc<oJ 9bfih A,@ e f = 9 `H@5Za< D >_<LBa8 e D I[D U c2B
` e C e$J[ZfyHjc= e `t a6='= D L< B –[t Rh ` B £ U DRQf9 t a3“Da DRD
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # " # " O(+ (+*Š ny
C – A `xy – Uc<[J D J'eaJ e fdh A,@ e f = e_J D > adY `H@5Za< D >_L< BO|N> a ` e sD a TaD U D > a4B –[t hR`
y – Uc<oJ D J\eaJ e fdhatxD c@€h]U e_= cZ `]@5Z5< D >_<LBO|
> a ` e sD a
T5D U D > aYB ` ¤F£ y `4e_u D U c £ U DRQ eO='< D J[,Z B$8 e D I[D U c2B$A t
£ y+AŠ< D U$@5e a £ U DQ e_=?< D J[ZGBa8 e D I[D U cSF
`4e_= s aU e_UJy ¤9 A 9d @ a f C ` ¤F£ B}A t B dw k F
B `9 ` 9¤ e aU cTC%A t
£ B.A t B wdk F
B `9 p 9d @ e_U#C – A ` BA t B w FWB
«c9 ` 9 ^ aC – A ` B5A t B dw k FWB ‚ 9 z9am}D C –[t Rh ` B5h `xy 8rh T B kik F
Bj 9at a=\= D <C –[t hR` C t a3“Da DRD F
Bh `
y 8,h T B wdk FWB
X9 `9+T @ e_MU B.C –[t h ` Bch `xy 8rh T B kKk FWB dN9 ^ a9 ` e aU C –[t h ` Bch `xy 8rh T B kKk F 9
`H@ 9 q9fT J'e ` eOU:J?<_y
X9 8 9 «:D C –[t Rh ` B5h ` B kik F
B T9lT9 j aU c2C –[t h ` B:h ` B kik F
B «+,9 ` a6U cC –[t h ` B:h ` B kik FWB X9lT9am}D C%A t
£ B
h ` B kik F
BN8 9 ^ @ aU c2CA t
£ BxA t B dw k FWBXp 9Šm .e CA t
£ BNA t B dw k FWB mH9 j 9 ` a6U cC – A ` BŠA t B iw k FWB ¤9 `9
m}D .e C ` ¤F£ BcA t B dw k F
B dN9 ^ e_U c2C ` ¤F£ B$A t B dw k F
e_v C e_= D e_Uc> e ` = e< e a6=?>?@ e_=?< B © <[J'e ` eOU:J?< B jS C _G “ D J\@i<[J'e ` eOU:J?O< F C e_=?< f U s f UJ\@c< 3Z5= 9
ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3A,@ e d @ D U aJ e a s > f Uc< D <oJ'< fdh J\@ e f = ePJ D > a6Y™ a6U ` e_v C eO= DRs e_UJ aY s e s M eO='< 9 A,@ e e_v C e_= DRs eOUJ a6Y s e s M e_=?< a= e
h f >_ec< D U c f U ` anJ aBa6U a6YRZ5< D < fdh e_v D <oJ D U c ` anJ a < a sC Y e< BkY D iu eJ'@ ei>Pe$='= eOUJY a6= cie<[J ` a6J a < a sC Y e< fdh =4? @ a6U `
@ 9 A,@ e_Z a6Y’< f “ f =\u f UiJ'@ ee C c= a ` e fdh 8,h T ™ –\– B D 9 e 9 B 8,h T ™ –\–o– V+J\@ D < c DRQ eO<xJ\@ e@ f:C eXJ\@ a6J D UiJ\@ eU e a6= h eaJ\e$= e
J\@ e ` a6J a< a sC Y e<2“ D YRY{M e D Uc>P= e a:< e ` M5Z a h a>KJ f = k kn9 |
YYHJ\@ e f = ePJ D > aY s e s M e_=?<2@ a Q e“ f =\Ku e `iD U0J'@ e
= e< e a6=?>?@@ a6= e a fihg e a=\u f U D e s ` e> a3Z aU `C = f5` ec>KJ D f MU B a6U ` “ D YRY> f U:J D U5e e2J'@ e D =
> f UJ\= D MceaJ D f UBJ f J'@ D <
= e< e a6=?>?@
`badcKe GYS fih4jKk
&3 / 0 1 GG
6a = e a 9Hd e$='= eOUJ\YRZGBJ\@ eOZ a6= eN“ f ='u D U c f UB= e< e a6=?>?@‘<oe$M I eO>KJ?<r“Š@ D >?@ a6= e sf = eE>PY f < e
J f e_v C e_= DRs eOUJ'<DanJŠ8,hR` dN9– J
D < ePv C e>KJ e ` J'@ anJNJ\@ e d @ D U aJ e a s “ D YRY> f UJ'= D M$eaJ eFJ f J'@ eX= eO< e a='>?@ D U0< C eO>PJ\= f <'> f:C Z,B g e a6='u f U D e sŽ` e> a3Z a6U `
C = fa` e+>KJ D f U a6U ` h e$J\e$= e fC$C f =\J\ecU D J D e< 9
5‡O " 1n3- " … O1 " %%„iŒ}%1n(+ 5xA,@ e d @ D U a2J e a s D <RaF> fs M D U a6J D f U fih J'@ e f = e_J D > a6Y D Uc<oJ D J\e$J D f Uc< a6U `
aFY aM f = a6J f =\Z fih @ D c:@ e_U eO= c:Z C @5Za< D >_L< B6J'@ e
Y anJ\J e_=]@ a<J'@ e f U$YRZX='e$U$U D U c 0> f YRY DR` eO= fC e_= anJ D U c anJHJ'@ eVe_U e_= cZ
= aU cieEJ f!C = fa` ec> e€>?@ a6= s f U D a> f:C$D f ec<\YZ 9]t eOUc> e2J'@ e€= eO< e a6=?>?@‘J fC$D >F> fnQ e_=?< h = f:s J\@ e f ='Z‘J f ePv C e_= Ds e_UJ 9 A,@ e
J e a s D < a6Y’< f a> fs M D U anJ D f U fih = eO< e a6=?>?@aD™ a6U ` e ` ec> a6J D f U aY D Uc<oJ D J\eaJ D f UcL< B}J\@ e_Z aYY{@ a Q eXJ'@ eJ a:<ou fih J'= a D U D U c
Z f ecU c!<\> D eOU:J D <oJ'< aU ` c= a ` e a6J e2<[J'e ` eOU:J?< 9
‡_%„B1n5‡ " 133- # %.‰}‡E‹%O- (+O-1€O " ‡ ]8 f J'
@ ePv C eO= DRs e_UJ aY D <oJ'-< aU ` J\@ e f = ePJ D > D a6U+<{@ a Q e f U c f:D U c
> f YRY a6M f = anJ D f U+<
“ D J\@ J\@ e £ET | 9 A,@ e – A `Lc:= f e C “ f ='ua< D U > f YRY a6M f = anJ D f U0“ D J'@ C e f:C Y e h = fs J\@ e z e_= s a6U5Z –o–
A e a s9
‹X( 1n55!1n # Œ " ž # % " O(+‡y
R z9 A 9 8 fa` “ D UMB `
9 p 9fd @ e_UMB `]@Za< 9 ; e Q9 +,7TJ C ikik F i_G kik:B R «+9 ` 9 ^ a4$B p 9 ‚ a6U c2B `H@5Za< 9 m e_JoJ 9 +› C iki
k JF 6S:S ™ nGKk J 2A%)<:3 **0 /( 3 -
3 "R
>S
3 ')' %:9$/ ( 32-&<
/3,/
S
%
% 9:0J?2
02/%
32')' % 9./ ( 32- <98432'
K
3"+
S
3 / 3 -
% 9:0J? <
3
02-P
02-P
321 3 '
9$/%./
WB
32- /')( 53 /( 3 - <
› %
%f (+13O- 13 " ) " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
h 9 8 e_= cieO=LBa|x= c f U$U e § a6J D f U aY m aM f = a6J f ='Z
q e C eaJ D eO<Oy T9c
z fa` h = e_Z,B d a6='Y ePJ f U £ U DRQ e_=?< D J[Z,B š9 `ba C a `aDRsD J'= D f eMBaj e_= sD Y a6M
/213.: ž"$# 1n‡ " 1n3- ž 1n‡O(f. # " # " O(+ (+*Š ny
h 9 8 e_= cie_8= C%|
= c f U$U e,B}A t B KS k FWB T9
z fa` h = e_Z C d a6='Y e_J f U £€9 BA t B iw k FWB šX9 `ba C a `$DsD J\= D f e C%A0ePv a<EA0eO>?@ £X9
a6U ` j e_= sD Y a6MM Bh `xy drq j B iw k FWB z9 8 fa` “ D U C%|
= c f U$U eGBA t B iw k FWB h 9 h D >?@:J e_U#C%j e_= sD Y a6MMB{A t B Sik FWB ;F9
z a6Y D u C d f =\U eOYY B:h `
y drm hrL B iw k FWB^ 9V; f < anJ D C – f D“ a T J a6J e £ Bh `xy `H@ e_U D v B iS k F-` 9 ^ a:>?iu e_U _D eC%j eO= sD Y aMMB
A t B iS k F
B «c9aT @ D cie sD J'<\e CˆLN@ D fT J anJ e £ BaA t B KS k FWBa| 9 ^ D e sD Uc<\u D C – U `aD a6U a £€9 Bah `
y q k B iw k FWB –K9aT J eO“ a=oJ
C%C%^h – A ` BH6A A t t B B wkKk F
F B 9 qX9]TaD Uc>_Y a D H= C|x= c f UcU eGB]A t B dk F 9 j ` f <oJ ` f >_X< C%h ` nA t B iw k FWV j `]@ 9 q9 <oJ\e ` eOUJ'<
s f U:J'@ 3Z5=
y O ePv C e_= D eOUc> e ` = eO< e a='>?@ e_=?< B j <[J'e ` e_UJ?< B :©$9 G C j :9 G “ D J'@i<[J'e ` e_UJ?O< F C e_=?< f U ž 13O‡Oi(f*Š-.i'‹(c13‰)O " " .… ž 1n( ž (f‡…)1n5‡O " 1n3A,@ e V§ f =oJ'@ | s e_= D > a6U U fa` e “ D YRY
M e D U KQ f Y Q e `)D U a6YRY a< C eO>KJ?< fdh€g e a=\u f U D e s C @Za< D >O< 9 A,@$= e e C = e sD e_=
ePv C eO= DRs e_UJ aY h a:> D Y D J D eO<.“Š@ e_= e s ec>?@ fih J'@ e,>Pe$='= eOUJ= e< e a6=?>?@ D U g e a=\u f U D e sC @5Z5< D >_< J a6Ku eO< C Y a:> e a= e]Y f > a6J e `2D U
J\@ e £ U D J e `T J a6J eO<Oy}J'@ e drq j aU `X
q k ePv C e_= Ds e_UJ?:< a6J.J'@ e,j e_= sD Y a6MA e Q anJ\= f U> f YY DR` e_Q= B3J\@ e,D8 aD8 a6:= ePv C e_= Ds e_UJ
anJ Tam | d BdaU ` J\@ e drm hrN
L aU ` h e$J\e$= e drm h,L
™ˆ> ePv C e_= Ds e_UJ?b< anJ d f ='U e_YRY 9 A,@ e T A| ; a6U ` `]@ e_U D Yv e_v C e_= DRs eOUJ'<
anJŠJ\@ e€8k= f f u5@ a Q e_MU D < ;
tx–\d h a> D Y D J[Z‘“ D YRY<[J'e ` Z a< C e>KJ'< fihg e a=\u f U D e s C = fa` ec>PJ D f U D U= e_Y anJ DRQ5D <oJ D >E@ e a Q Z™ D f U
> f YRY D < D f Uc< 9V§ f =oJ'@ | s e_= D > a6NU e_v C e_= DRs eOUJ e_=?< C Y a3Z a iu e_Z = f Y e D U J\@ e08 e_YRY ee_v C e_= DRs eOUJY f > anJ e ` D U « a C a6U 9
A,@ e f = e_J D > a6Y C @5Za< D > D <[J?< D U V§ f =oJ'@‘| s e_= D > a a= e D U iQ f Y Q e `D U a6YRY a:< C eO>PJ'< fih J\@ e V e_Y ` 9{m a6JoJ D > e2p drq > a6Y’>PecY a6J D f Uc<
fdh`$D = eO>PJ DRsC f =oJ h f = s a6J\= D v eOY e s eOUJ'L< B$< C eO>PJ\= aFaU `` e> a3Z!= anJ eOD< a6= e
a h f =\J e fih c= f e C < a6Jxj e_= sD Y a6M C%h D >?@J eOMU B
`badcKe G:FG fih4jKk
&3 / 0 1
Gw
^ a>?Ku e_U OD e,Bia6U ` > f YRY aM f = a6J f ='<PFWB:LN@ D fXT J anJ e £€9 a6U ` |x= c f U$U e 9 8 e_= cieO={@ a<H“ f =\uKe `Ff U a< C eO>KJ?< fdh}g e a=\u f U D e s
C @ e_U fs e_U f Y f cZ h f = fnQ e_= dk Zie a6=?<>aU ` @ a:<2= e> eOU:J'YZ CcD f U e eO= e ` 8 T ^ <[J'e `aD eO<2ec< D U c g e a=\u f U D a 9Xz
fa` h = e_Z D <
D U iQ f Y Q e `D U< C eO>PJ\= f <'> f:C Z aU ` “ f =\ua<r>PY f < e_YRZ‘“ D J'@J\@ e drm h,L”> f YY a6M f = anJ D f U 9 8 fa` “ D UMBc8r= aia6J e_U.B aU `m e C adcie
` e Q e_Y fC e ` J'@ e §N; p drq[h a:>KJ f = D
a6J D f U h f = s a6Y D < s Bf“Š@ D >?@0e$U ` eO=\Y D e< sf <[J C = e< eOUJo™ ` a3ZJ'@ e f = e_J D > aY.<oJ\e `aD eO< fih
g e a6='u f U D e s C = fa` ec>PJ D f U a6U `B` e> a3Z 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ e § f =\J\@| s e_= D > a6UU fa` e f N e_=?<.< fs e fdh J'@ e s f <o4J a `aQ a6Uc> e ` e_v C eO= DRs e_UJ aY h a:> D Y D J D eO< D UXJ'@ e,“ f =\Y ` B3“Š@ eO= e
Y a= cKeXU5e s M e_=?< fdh <'> D e_UJ D <oJ'< h = fs a6= f ecU ` J\@ e“ f ='Y ` “ f =\u 9 A,@ ej eO= sD Y aM0A e Q anJ'= f U> f YRY D’` e_= D <
J'@ e@ D c@ e<[J
e_U eO= c:Z @ a ` = f U)> f YRY DR` eO= D U fC e_= anJ D f U anJJ\@ e C = eO< e_UJJ DRs e 9 – J!@ a:<J[“ f e C c= a ` e ` > f YRY D’` eO= ` e_J e>KJ f ='<“ D J\@
ePv$> eOYY e_UJ Q eO=oJ ePv0> a C a6M D Y D J[Z h f = a ` ePJ a D Y e ` <oJ\e ` Z fdh @ a ` = f:C = f5` ec>KJ D f U fdhŠg e a6='u f U D e s <\Za<[J e s < fnQ eO= aB“ D’` e
= aU cie D U!J'= aUc< Q e_=?< e s fs eOU:J'e s9 A,@ e>`kRh `H™ –\–.s a>?@ D U e>anJ T$m | d D < f U e fdh9f U$YRZXJ[“ f a<\Z ss e_J\= D >
8]™ h a>PJ f = D eO<
fC e_= anJ D U c2“ f ='Y ` “ D’` e 9 A,@ e drm h,N
L e_v C e_= DRs eOUbJ aU `D J?-< a CcC = fnQ e ` e C c= a ` erJ f€drm hrL
™—> f N eO='b< aEe$U DRg e e h a:> D Y D J[Z
J f <oJ\e ` Z g e a6='u f U D e s < C eO>PJ\= f <'> fC Z 9
A,@ e V§ f =oJ'@ | s e_= D > a6U U fa` e D U+>PYRe ` eO<B< f:s e fdh J\@ e Y e a `aD U c J'@ e f = D <oJ'< D U s f <o@J a< C e>KJ?< fdh€g e a=\u f U D e s
C @5Z5< D >_< 9 A,@ e‘< eOU D f =EJ\@ e f = D <oJ'< a= e s e s M eO='< fdh c:= f e C < D U “Š@ D >?@ >Pec=\= e_UJ C f <[J ` f >_< aU ` c= a ` e a6J e!<oJ\e ` eOUJ'<
a6Y’< fF` f = eO< e a='>?@ f UJ f:C$D >_< D U g e a6='u f U D e sbC @5Za< D >_< 9 A,@ eN< eOU D f =J\@ e f = D <oJ'<H@ a Q e a6YRYc<\e C e_= QD < e ` `H@ 9 q9 <oJ\e ` eOUJ'<
a6U `C f <oJ ` f >KJ f = a6Y h eOYY f “x< h = fs a= f e$U ` J\@ eŠ“ f =\Y ` 9 j e_= sD Y a6M aU ` |x= c f UcU eVa6= e s a I f ={Y a6M f = anJ f = D e<.“ D J\@!Y a6= cie
Ue s M e_= fdh = eO< e a='>?@ a<'< f > D a6J e< 9 A,@ e_= e>a= e Q eO=\Z h e_“ D Uc<oJ D J\eaJ D f UcD< a6U5Z5“Š@ e_= e D U‘J'@ eN“ f ='Y ` J\@ a6J,> a6U‘= DRQ aYcJ'@ e D =
= e< e a6=?>?@ e_U Q5D = f U s e_UJ 9 A,@ eO< eFY a6Mc<,@ f <[JŠU5e s e_= f e+<,“ f =\ua<\@ fC < a6U ` > f U h eO= eOUc> e< fdhD UJ eO= e<[J,J f J'@ eFU e_J[“ f =\u 9
A,@ e C a6=\J D > DRC anJ D f U fdhc§ f =\J\@| s e_= D > a6U<'> D e_UJ D <oJ'< D U!p ‚ z2§ h]A f N eO=':< axecU DRg e e fCcC f =oJ'e$U D J[Z h f =hHe$= fC e aU
c= a ` e a6J e2<[J'e ` eOU:J?V< a6U `C f <oJ ` f >PJ f = a6Y h eOYY f “x<rJ f “ f ='u!“ D J'@ < f:s e fih J'@ eFY e a `aD U c!<'> D e_UJ D <[J?< D UJ'@ e V e_Y ` 9
‡_%„1n5‡ " 133- # %.‰}‡X‹!%O- (+O-:1O " ‡ C `ba6=\J D a6YY D <oPJ F
‹X( 1n55!1n # Œ " ž # % " O(+‡
RT9f z
2f5 ` h ()= . eOZ - a6U ` . «+-9c$mH&9$( ; f <oU e_ =Q& B `H\ @5Za-< 9 ; e \Q9 3q>( jK(j &y k B OGKk 3 B dkKk: @ e C ™ C @ kdkww:wˆ9
R "h 9 m]%9 . 8 ()eO. = cK& e_,=Q&B 5z31 9 A 9 8 fa` -“ D UM.B - a6(4U ` «+ 9 m e e,& B `H,@5( Za(4<9 m e_Jo-2J .'9 8 ww:B y S ™ 6 B ikdkS
@ e C ™ C @ :k ikij Kw 9
› %
%$ƒ "až" " 1n„ " . " %(f " .… ‡5O%‡O% 3- " 13„ffy
8 9 qa9 ` a6Mc<\Y e_Z Ch ` FWBc8 eOYY e z = f e C B ¤ h ¤
q e C eaJ[Zy ` e 9fT e sD U f CA t FWBfA f @ f u5e £ U DRQ eO='< D J[Z
/213.: ž"$# 5‡ " 133- /N:1n‡(+ # (+*Š ny
C^%A 9ct 8§ B 9aqdw u k a9 f ` F
C%a6B h M+T<o9 Y `xe_h Z yD’8 ` C%e_e_h YYRsY e,a6B `xTUdky 8 C% h e_YRF
Y Be,`xB`y KG89+kT e_ a6YRY u e,F
a BB D wd` Ck h e 9EFW`
BT e;€y 8 s9$eO–D YUJ Y eGf f B@ SKCC%Akh t FWB `xB SiTy 8 k9+e_£ YRYF
e_e,B @ B a6–Kdk=9 aX| C`F
h B a:§€>?@`x9fD y ¤ 8 CaneOh YJ Y a3eGZK`xB a G y s 8 keOaXYYF C%eG9h B KS `xk y 8 FWe_B YRY e,¤B 9 Sikj$e I[FWDRDB
y k ePv C e_= D eOUc> e ` = eO< e a='>?@ e_=?< B k <[J'e ` e_UJ?< B G k$9 XC e_=?< f Ua™ sf UJ\@ nZ5=
ž 13O‡Oi(f*Š-. " " … ž 1n( ž (f‡O5…)1n‡ " 1n3- &3 / 0 1
`badcKe
G5w
fih4jKk
GKj
A,@ eB8 e_YRY e ePv C e_= Ds eOU:J fC e_= anJ eO<Ya6JXJ'@ eB@ D c:@ eO<oJo™ˆYe sD U f < D J[Z > f YRY D’` e_= D U J\@ e“ f ='Y ` BbaU ` D < f U e fih
$U YRZJ[“ f eP\v C e_= Ds eOU:J?<NJ a6u D U c ` anJ a anJ2J'@ e 8C G F
= eO< f U aUc> e 9F‚ D J'@BaB= a C$D’` YZc:= f “ D U c< a sC Y e fdh fnQ e_= kik
sD YRY D f U I I C a D ='<LBŠ8 e_YRY e C = fnQ5DR` eO< a6UNe_va> e_YRY eOUJ‘Y aM f = a6J f ='Z h f =‘J\@ e0<oJ\e ` Z fih >?@ a6= s f U D e s C = fa` ec>KJ D f U D U
I s e< f U ` e> a3Z 9d f UJ D U5e$e s C = fa` e+>KJ D f U fdh >?@ a6= sf U D a D < a6Y’< f a:>KJ DRQ eOYZ <oJ\e `aD e ` B0aU `0` anJ a h = fs 8 eOYY e D U
C a6=\J D >Pe$Y a6=
J\@ e f M+< eO= Q anJ D f U fdh]` f e$M$Y e F\ C = f5` ec>KJ D f UMB D Uc>_Ye `aD U cJ'@ e€J[“ f ™—>?@ a6= sf U D e s < D cU anJ\ec= e>=2? @ ,J D <
` = DRQ5D U c= e_U e_“ e ` J\@ e f = ePJ D > aY D UJ e_= eO<oJ D UJ\@ D < V eOY ` 9
8 eOYY eFaU a6YRZa< D < a6= e DRsC f =\J aUJ h f = aUe s M e_= fdh]D <'<oe e< D U>?@ a6= s f U D e s < C eO>PJ\= f <'> fC Z C ,J C F
B}< e a6=?>?@ h f =
J\@ e J aU `q ™ˆD“ a Q e,<[J anJ eO< F-a6U `C = fa` ec>KJ D f MU V f U!> f UJ D U5e$e s C = f5` ec>KJ D f U8 eOYY e D <{J\@ exKu e_Z h a:> D Y D J[Z D UJ\@ ex“ f =\Y ` B
a6U ` 8 eOYY e ` anJ a C = eO< e_UJ'<rM f J'@
@ a>?@ a6YRY eOU cie
J f§
; p drq a6U ` aX<oJ DRs e$YRec<kJ fFh e$=\J\@ eO=rJ\@ e f = ePJ D > aY ` e Q e_Y fC$s e_UJ?< 9
|
<E“ eOY4Y a< C = fnQ5DR`aD U c a= e< e a6=?>?@i< D J e h f = s e s M e_=?< fih J\@ eF` f Y a6U ` ™ T Y fnQ e_U D aJ e a s B 8 eOYY e C = fnQ5D’` eO>< a!J e<[J D U c6™
c= f e$U ` h f = g e a=\u f U D e s J\@ e f ='GZ B a6U ` J\@ e€p ‚ z2§ h]N
A a< a€“Š@ f Y e
“ D YYfM eOU e V J h = fs a h f = s aY a:<\< f > D anJ D f U“ D J\@
J\@ e e_v C e_= DRs eOUJ 9– U ` e e ` J\@ eEp ‚ z @ ab< a6YR= e a ` Z h a> D Y D J anJ e ` J\@ e e_v$>?@ a6U cKe fihfD U h f = s anJ D f U aU ` a `aQ5D > e,M ePJ[“ e e_U
8 eOYY eVa6U ` J'@ e f = D <oJ'< h = fs J\@ e § f =\J\@!| s e_= D > a6UJ e a s C z9 8 fa` “ D MU Bh 9 8r= aianJ e_2U F
BnJ\@c= f e c@J\@ e V§ fnQ e s M e_= ikik
“ f =\ua<\@ fC B5“Š@ D >?@@ a<,M e eOU= eP• eO>KJ e `D U= eO> e_UJ,J\@ e f = ePJ D > a6Y“ f =\u 9
8 f J\@ A f @ f u5e £ U DRQ eO='< D J[Z aU ` J\@ e ¤ h ¤ A,@ e f ='Z qNDQ5D < D f LU a6= e a>PJ DRQ e D U g e a=\u f U D e s J'@ e f =\,Z Bx“ D J\@ a
C a6=\J D >Pe$Y a6= h f >Pe+< f U@ e a Q Z g e a=\u f U D e s < C e>KJ'= f <\> fC Z a6U ` J\@ ep drq C f J eOU:J D aY 9
` a6Mc<\Y eOZ f = cKaU D eO<NJ'@ e>?@ a= s <oJ\e `aD e< C = f c:= a ss e anJX8 eOYY eC D Uc>PYRe `aD U c > f UJ D U5e$e s C = fa` ec>PJ D f U fdh >?@ a=o™
s f U D a,F a6U ` a:>KJ'< a:<J\@ eiY D a D < f U)M ePJ[“ e e_U p ‚ z2§ h]A J\@ e f = D <oJ'< aU ` 8 eOYY e ePv C e_= Ds e_UJ a6Y D <oJ'< 9 T e sD U f @ a<
aY f U c:<oJ a6U `aD U c h f >Pe+< a6U ` a6N
U a>PJ DRQ e C e$McY D > a6J D f U)= e> f = ` D U g e a6='u f U D e s J\@ e f ='GZ B aU ` j$e I[DRD
D <@ D <= e ce$Y a6=
> f YRY a6M f = anJ f = 9‘£ e_@ a= a D <F= eO< C f Uc< D M$Y e h f =€J[“ f ™ C @ f J f U <oJ\e `aD e< anJ8 eOYY e a6U `D < C a6=\J D >Pe$Y a6='YZ> f U+> e_='U e ` “ D J\@
J[“ f ™ C @ f J f U C = fa` e+>KJ D f U fih >?@ a6= s f U D e s <oJ a6J e< 9 | ` a:>?@ D B – J f M@ B ¤ a6J a3KZ a s a@aU ` § au a f a6= e!= e< C f U+< D M$Y e h f =
` anJ a
J a6u D U c a6U `C = f > eO<'< D U c2Bda6U aYZa< D <{< fdh J[D“ a6= eDa6U ` J\@ ex> fsC eaJ D U c€<oe CcC f =oJ h f = QD < D J D U c2= eO< e a='>?@ eO='L< D a6U aYZa< D <
“ f =\u 9HT a6u a D @ a< a:>KJ DRQ e fnQ e_=?< D c@J fih aYY C @Za< D >O< a6U aYZa< D D< a6JŠ8 eOYY e 9
5‡O " 1n3- " … _1 " ..„ 5Œ}1n(f A,@ e 8 eOYY eIe_v C eO= DRs e_UJ C = fnQ5D’` eO< a “ eOYR> fsD U c e_U Q5D = f U s e_UJ h f =U e_X
“ c:= a ` e a6J e<oJ\e ` e_UJ'< aU ` Q5D < D J D U c
C f <[J ` f >KJ f = aY h eOYY f “x< B a6U ` J\@ eN<oJ DRs e$YRec< fdh “ f ='u D U c f U a6U DsC f =\J aU:J ` anJ a< ePJk“ D J\@ aX> f YRY aM f = a6J D f U!< C a6U$U D U c
h f e$=2> f U:J D U e_UJ'< 9
§ eO“ “ f =\u> aUiM e> f:ssD <\< D f U e ` a6U ` <oJ a=oJ e `ig e D >?uYRGZ Bf“ D J\I
@ a‘Y a= cKe a6U ` = e a `aD YZ a Q a D Y aM$Y e
` anJ a< ePLJ B a6U ` aŠ> fsC = e_@ eOUc< DQ e C%M$eaJ oY D c:@:J Ff< ePJ fih aU a6YRZa< D <fJ f f Y’< 9q
D <'>Pec<'< D f U aU ` = e Q5D eO“ fdh$` a6J a aU ` a6U aYZa< D <
“ f =\u D < h a:> D Y D J a6J e ` M5Zi= e cecY a= s e e_J D U c:<E“ D J\B@ ePv C e_=\J'<2<[J anJ D f U e ` anJEJ\@ eY a6MM B9aU ` > f YRY aM f = a6J f =?< a= f e$U ` J'@ e
“ f =\Y ` > f UcU eO>PJ e ` M5Z A š ™—> f U h e_= e_Uc> eGV aU ` M5Z C Y eOU a6='Z s e e_J D U c:<B< e Q eOU J Ds e< a KZ e a6=!“Š@ e_= e D UJ e_='U anJ D f U a6Y
> f YRY a6M f = anJ f ='<r> f:s eNJ f!¤ h ¤9
– U a `$`aD J D f UJ f!s fa` eO=\U h a:> D Y D J D eO< ¤ h [¤ f N eO='< a6U a>PJ DRQ e2J\@ e f ='Z `$DQ5D < D f U a6U ` J'@ e h = a s e_“ f ='u h f =
> f YY a6M f ™
= a6J D f U“ D J'@@ D c:@@ eOU e_= cZ C @Za< D > D <oJ'<rJ'@$= f e c:@ f eaJ « a C aU 9
A f @ f u5e £ U DRQ eO='< D J[Z f N e_=?<FM a:< D >J\= a D U D U c D U C e_=\J\ec=\M a6J DRQ eBp drq a< ai<oJ aU ` a6= ` > f e$='< e h f = s a:<[J e_=?< a6U `
` f >KJ f = aY<oJ\e ` e_UJ'< 9 ^ f = e a `aQ a6Uc> e ` > f e$=?< e< f Up drq M f e$U ` <[J anJ ekJ\@ e f ='Z a6U ` a C$C Y D > a6J D f Uc:< a6= e aYR< f
C = fnQ5DR` e ` 9
‡_%„1n5‡ " 133- # %.‰}‡X‹!%O- (+O-:1O " ‡ T e Q e_= a6Y s e s M e_=?< fdh J\@ e ` f Y a6U ` ™ T Y fnQ e_U D a2J e a s a= e
ePv C e_= Ds eOU:J a6Y}> f YRY aM f = a6J f =?< f UB8 e_YRY eGB a6U `D U C a6=\J D >K™
e$Y a= t€9 `baYu a@ a:< aBY e a `aD U c= f Y e D U <oJ\e `aD e< fdh,C = fsC J€>?@ a= s f U D e s C = fa` e+>KJ D f U D U 8 eOYY e ` anJ a 9‘t
D <€>_Y f < e
> f YRY a6M f = anJ f := ` 9 `ba6u5@$Y fnQ C – AŠRh ` B6^ f <\> f “ F D -< aYR< f > f ™—> f U Q e_U e_= fdh >?@ a6= s <oJ\e `aD eOR< anJH8 e_YRY e,BKa6U ` Y e a ` <J\@ eVa6U aYW™
Z5< D < fdh` f e$M$Y eP™ r\ C = fa` ec>KJ D f U 9 LNUJ\@ e
J\@ e f = ePJ D > a6Y+< D’` ex“ ex@ a Q eN> fss f U C e$M$Y D > anJ D f U+<H“ D J\@!J'@ e – J a6Y D aUJ e a s
C §€9 8k= a s M D YY aYB}| 9}š a D = f F
a6U ` J\@ e z eO= s aUZ –\– J e a s C T9.; eO>?ua< D e cie_Y FWB9aU ` J\@ e ¤ h ¤ A,@ e f =\Z q e C a6=\J s e_UJ
h f = s eO=\YRZ e sC Y f KZ e ` a z eO= s aUZ –\– J e a s s e s M eO= C ; e>?u5< D e cieOY F 9
‹X( 1n55!1n # Œ " ž # % " O(+‡
`badcKe G jYfih4jKk
f
G5~
k j
.B
R ¤ 9 |
M e B `]@5Z5< 9; e Q\ 9Hm e_JoJ 9 Ÿ .B _G5dkKk C dkik F 9 PB
R ` 9+T e sD U f B `]@5Z5< 9; e Q 9 B kwnGKkKkS C dkKk: F 9
! $ a( * ; - - %; 7 ( 7:/ ;
A,@ e f = c a6U D
a6J D f U fdh J\@ e “ f =\u D U J\@ e < e Q e_U s a D U J fC$D >_<B“ D J'@> f U Q eOU e_=?<> fsD U c h = fs `aD N eO= eOU:JJ e a s <
anJ `$D N e_= e_UJU f5` eO< a6YRY f “ ec<XJ fIfC J DsD
e‘J'@ e> f YRY a6M f = anJ D f U a s f U ciJ'@ eU fa` eJ e a s < 9 |xYRYrJ\@ e@ePv C eO= D e_U+> e `
= e< e a6=?>?@ e_=?< fdh J\@ eU e_J[“ f =\u @ a Q e C a=oJ D > DC a6J e ` D U)> f YRY aM f = a6J D f Uc<XM e_J[“ e e_U `$D N e_= e_UJ D Uc<oJ D J\e$J eO<LBr“Š@ D >?@ D <a
> fssf U h e a6J\e$= e fih]C = eO< e_UJo™ ` a3Z C a=oJ D >_Y e C @5Za< D >_<N= e< e a6=?>?@ 9 ^ f <oJ fdh J'@ e s a= e s e s M eO='< fdh J\@ ep ‚ z C%< e e
f=
F
\B “Š@ D >?@ a6Y™
= e a ` Z!@ a `D J'< V ='<oJLB aU `‘Q e_='Z‘<oec>O> e<\< h e$Y Ba“ f =\ua<\@ fC Y a<oJ h a6YRY9anJ d h ;x§X9cT J\= f U c= eO< e a='>?@‘Y D U$ua<kM ePJ[“ e eOU< fs e
J e a s <Š@ a Q e aY= e a ` Z‘M e eOUeO<oJ a6McY D <o@ e ` a6U ` J'@ eO< e€“ D YY}@ e_Y C ce a= aU:J e eEJ\@ eX<oe+>_> e<\< fih J\@ e C = f:C f < e ` U e_J[“ f =\u 9
D U T eO>PJ D f U w B s aU5Z fih “Š@ D >?@@a= eE> f ™ a6e$J\@ f = e `
A,@ D < D <Da C$C a= eOUJ h = fs J\@ eNY D <oJ fdh
MZ s e s M e_=?< fdh`aD N eO= eOU:JŠJ e a s < 9 | < e> f U ` “ f ='ua<o@ fCD <x<'>?@ e ` e$Y e ` J f M eF@ eOY `D U dkik:S a6Jxj e_= sD Y a6M 9
5$<$%.');202/ ( 32%./
3
S
33&5.1 %
+' 31P3&9./( 3 -
(+-
&A- -&(
(+1 02/ ( 32-
0 /
%
0 1 32- -%:9./( 3 -
5:%$/W
%:%$-
/ &%
#&%$')/W3 '.5:02/ (+; %
>S
R
#&32/%$- /( 0 1402-P
#
%.-32*,%.-321 37 ( 9:021 # 3 / %.-&/ ( 021 <
!"$# %'&(*)+*,- ' %:9:%.-&/
.*$&(! + 3("1'
' %.1 %.; 0 -&/ #3&5$1 ( 9 0 /( 3 - <
d f RY Y aM f = a6J D f UM ePJ[“ e eOUJ'@ e2J e a s <Š“ D YYM e f = c a6U D
e ` a< h f YY f “x<_y
C D F J'– TU@ anaJ€U J fD UC$DD J > D a6aYkU “ ` f e_=\Yuaa6<\M @ f f= C anJ > e f Uf QU e_UJ\@ eOe‘='< J fia:h <ouaa < c a:DR<\Q < e_f U > D JanfJ C$e `D >!J “ f D YJ'Y @ cianePJJFJ Jf:f C$cKD >eP9J\@ A,e_=€@ e_“ Z D J\“@ D =YRY eO< eOe <oaJ ='a6>?Mc@ Y DeO<o='@ < DD UU J e_` = e_eOJ <oa J D e YH` J'@ D U e
C = f McY e s <rJ f M e a `$` = eO<'< e ` a6U ` “ D YRY< e_JŠe C c= f e C < D U Qif Y Q5D U c `aD N e_= e_UJŠJ e a s <rJ f “ f ='u f Ue a:>?@J a<\u 9
C DRD F qND N e_= e_UJŠJ e a s <,“ f ='u D U c f UBJ\@ e€< a s eEJ a<\u‘“ D YRY s a D UJ a D U= e ce$Y a6=Š> f UJ a:>KJLB C = D Uc> DRC aYYRZ‘M5Z eP™ s a D Y 9
C DRDRD F ‚U fa@` eOeU< +9 C `-= f f ecM$U Y e cFs = <!e< =e ea6g =?>?e @ D = e_e =?< D Uh e$J Ue_Uc` <e D` Q e M5Z€`aDJ'<\@ >_exec<'U < e_D J[f “ UcfL< Br=\u€J e “ a D s YRYcM s e
e <[s J'= M f e_U =?c<‘YRZ “ eOD UcYRY > f s e$a6= Kuaieicie =` eJ< ef€a6C =?>?a6@ =\J D Q> DDR<C D a6J?<!J e J D f UfJ\@J\@ ee_< e=
Q5D < D J'< 9
C DRQ F c:; = f f e e cC @c<kYZ J f e “ Q e_f ='='Z u iZD U e a6aQ= B-c DRa Q eOs U‘a J D aU <\u‘“ “f ='D uaYRY}<o@M fe€C < e_“ JxD eYYŠC M f e =Šf < =fcKs aegU D eP
v e D` <oJ J D Uf c s f f U U eOD<,J f “ = D YCY = M f eFc== eOe <'a6< ='9 = a6–U h cKeU ` e>9 eO<'< a6='GZ B{U eO“
C Q FDjcFU e$a=oJ'c@ DRe_Q =He_U€< C J eOf> CcD a6D >rY D > ea`YY’< sh f D U =.D =™ˆ“a Ccf DR=\`€ua<\`$@ D <'f< C e <ss D U a3a6YZ J D af YRMU < f B f M L= e Bn>f f = cKU aQ UeO='D < ee_YR`XGZ B3D h <oYU f eO“ > eOC <'=< fac:=\Z = e9 <\j < f D =U D D U+-J <[a J `aa6UcQ5D> < eGeB < D hJ f h a:@ <[aJ Q C e]= fM$c:= a= eD Ua<\<™
<oJ f = sD U c `$D <'>Pec<'< D f Uc< 9
C Q5D FD| U U5ae Us e Ms eOM = e_fi= h fi<'h >?J @ eOf >?f@$Y’U <FD’g “ e D eOYDY <xa6ecY’<< e f h e$M Y e h f f =x= c @ a6e U a DQ Z e ` g e D U a=\fu =f ` U eOD =Fe s J f C J\@= Zaa <D TUD >O< `HBa@ Y D qiu e29 J\<o@J\e e ` T e_>?U@ J'fF< f a6Y U f ` UiZ | f C$e$CU Y c D > CanJf D <[f J Uc` < f >_fi< h
:h N e>KJ DRQ eFj D e_Y ` A,@ e f = D eO<r= e> eOU:J'YZ f = cKa6U D e `‘D Ui^ D Y aU fc9
C Q5DRD Fe_A,v@ J'e= e Us ePe_J[YR“ Z‘f ec='u < e h“ e$e_Y M D U < h e_f = = Q s e_=FanJ “ D f D UYRY]f M UBe‘J\M$@ e eXD YW<oJ J a6f J U e J'fd@ h e J\@ a6e YR= a6e =\a J ` Zf UePv @ D e <[a J QD U Z c g p e a‚ =\u z f U < D e_e = s Q e_C= 9 @5ZaA,< D@ >OD < <B$<< eOD U+= Q> e2e_=€J\@ > fe€U<oJ Y aDR` D UceO<<
h = fs aYY5J a6YRua<.M5ZFJ'@ ex< e_Y eO>KJ e ` < C e aiu eO='< fdh J\@ e d h ;x§ “ f =\ua<\@ fC a6= e C e$M$Y D >_YYZ a Q a D Y a6M$Y ekJ\@ eO= e 9.– JH“ D YYaM e
ae c s e_UJ e ` M5Z D Uc>PYRe `aD U c!J'@ eX<oJ\='ec>KJ'e$= eC J e a s L< B C e f:C Y e,B e_J'> 9 F fdh J\@ eXU e_J[“ f =\u BaJ'@ e Q a6= D f ec< c:= f e C <x< ePJ
“ D J\@J\@ e D =xJ a:<o@u a6U ` a ` a6J a6M a< e fih = eOY a6J e `BC a C eO='L< B$= e C f =\J'< a6U `BC e$M$Y D > anJ D f U+< 9 | C adcKe h f =,J\@ e cieOU e_= a6Y
C ecM$Y D >“ D YR-Y a6Y’< f M e‘< e_JFe C B}“Š@ D >?@ D g< e_v C eO>PJ e ` J f > f UJ\= D M$eaJ eJ f J'@ e C = fC e_= a C$C = e> D anJ D f U fdh,t Rh `M5Z
< f > D ePJ[Z 9£xC f U ` e s a6U `‘`aD <\>_ec<\< D f U h f ='e s R< a6J `aDRQ e$Y cKanJ DQ e a6U ` f =H= e< e a6=?>?@Y e Q e_Y s a3Z aYR< f M e D Uc>PYRe ` e ` 9
`badcKe Ga~ fih4jKk
G: A,@ eU ePJ[“ f ='u“ D YRY ` e V U D J DQ e_YRZi@ e_Y C J ffnQ e_=?> f:s e€J\@ e `$D <'> DRC Y D U a=\ZM f e$U ` a6= D e<EM e_J[“ e e_UJ\@ eJ\@$= e e s a D UIa C ™
C = f a>?@ e<J f J\@ e
J\@ e f = ePJ D > aY+<oJ\e ` Z fih @ e a Q Z g e a6='u f U D e s C @5Za< D >_<Oy C @ e_U f:s eOU f Y f c D > a6Y sfa` eOYR<LBap drq e
N eO>PJ DRQ e
V e_Y ` J\@ e f = D e< a6U ` Y anJ\J D > ep drq9 A,@ D <Š“ D YY.M e a:>?@ D e Q e `D UJ[“ f “ a3Za<OyC D F,M5Z h f = sD U c c= f e C < D U ac DRQ eOUJ a<\u
“ D J'@ = e< e a6=?>?@ eO<2e+< D U c `aD N e_= e_UJFa CcC = f a>?@ e< a6U ` C DD FFM5Z h f =?> D U c < D U c:Y e_™ a C$C = f a:>?@Ic:= f e C <2J f > f U:J'= a:<[JFJ'@ e D =
= e<oe$YJ'<€“ D J'@ J\@ f < e fih a `$D N e_= e_UJ< D U cY eP™ a C$C = f a:>?@ c:= f e C}9 A,@ e!U ePJ[“ f ='u0“ D YY a6YRY f “ec<2J f eO<oJ aM$Y D <\@ ai> fs ™
s f UY a6U c:e adcKe>aU ` f N eOD= a> f YY a6M f = anJ DQ e C Y anJ h f = s M e_J[“ e e_U‘J'@ e2@ e a Q Z D f UB> fss ecU D J[Z aU ` J'@ e2@ e a Q Z g e a6='u
C @5Z5< D >_<Š> f:ss e$U D J[Z 9
V§ f J e€J'@ anJ ` eO< C$D J e Q a= D anJ D f Uc< D U0< D e,B aYY.J e a s < a= eYePv C eO= D e_U+> e `D UiJ'@ D < a6= e a fdh = e< e a6=?>?
@ a6U ` @ a Q e ` e s f Ua™
<[J'= a6J e ` J'@ e D >= aM D Y D J[ZJ f h f = s <oe+>_> e<\< h e$Y> f YRY a6M f = anJ D f U+< 9 A,@ D < D Uc>PYRe ` e<xJ'@ eFJ e a s D U a m e<\<Nj a iQ f = e `B; e c D f U
Cj F 9
A,@ e h f YRY f “ D U c s e a:<oec= e<.“ D YRYc@ eOY CD U:J e c:= a6J D U cEJ\@ eŠJ e a s D U d a6U `aD’` a6J e d f e$UJ'= D eO< C © F 9 |
U e
N f =\JH“ D YRY$M e s a ` e
D U f = ` e_=HJ'@ anJ C D FJ'@ eN<'>?@ f f Y’< h f =k<oJ\e ` eOUJ'< a6U ` Z f e$U cF` f <oJ ` f >_<HM eN@ e_Y `!D U!J\@ e< eE> f e$UJ\= D e< BC DRD FHJ\@ e s e s M e_=?<
fdh J'@ eJ e a s¦C a6=\J D > DRC anJ e D U c= f e C < fih a c DRQ eOU J a:<ou “ D J\@ s e s M e_=?< fihN`aD N eO= eOUJJ e a s L< BC DRDD F€J\@ e s e s M e_=?<
fdh J'@ eJ e a s Q5D < D JF= e ce$Y a6='YZ f J\@ eO=NJ e a s L< B aU ` C DQ F
J\@ eJ e a s = eO> e DQ eO<N= e ce$Y a6='YRZ Q5D < D J'< fihRf J'@ e_=2J e a s < 9X‚ e
a DRs anJ‘>_= e anJ D U c a <[J'= f U c a6U ` D UJ e_='U anJ D f U a6YRYZ = eOU f “ŠU e ` anJ\J\= a>KJ D f U C fD UJ D U)J'@ D < V e_Y ` D U)J\@ e > a6U `$DR` a6J e
> f ecU:J'= D eO< C%> eOUJ e_= e ` a= f e$U `!¤ = a6u f “,™ m$I e$M$Y I a6U aSF}M f J'@ h f =rRh a<oJo™—hHec= f:C e a6UZ f ecU c€<[J'e ` eOU:J?R< aU ` h f =rhHe$= fC e aU
ePv C eO= D e_U+> e ` = eO< e a6=?>?@ eO='< 9
A,@ exJ'@$= e eŠJ e a s < f eaJ'< D’` e
hHec= f:C e a= ex>_=\e+> D a6Y$J f J\@ e
U e_J[“ f =\u 9 A,@ e_Z@ f <oJ s f <oJ fih J'@ e e_v C eO= DRs e_UJ aY h a> D Y D J D eO<
“Š@ D >?@ a= eF>_e$=\= e_UJ'YZ C = fa` ec> D U c!U e_“ ` a6J a f U@ e a Q Z g e a6='u f U D e s y d f ='U e_YRY B+j e_= sD Y a6M aU `iTam | d D UBJ'@ e £ET B
¤ h ¤ D U « a C a6U a6U ` 8,h TD U d @ D U a 9Š– U a `$`$D J D f U a6YRY}J\@c= e e€@ a Q e f eaJ'<oJ aU `aD U c!J'@ e f = e_J D > a6Y C @5Z5< D > D <[J?< 9Št eOUc> e,B
J\@ eOZ a6= e f U)J\@ e f U e@ aU ` >P='ec> D aY,J f iu e e C J\@ e0U ePJ[“ f ='u e C ` a6J e ` f U J'@ eePv C e_= Ds eOU:J a6Y
<oJ a6J\ec< fdh J\@ e< e
<oZa<oJ e s D< a6U ` f UJ'@ e f J\@ e_=,@ a6U `D Uc<oJ\='e s e_UJ aYJ f <oe cKcie<[J,= eOY e Q a6UJ s e a<\e$= e s e_UJ'< h f YRY f “ D U cU eO“ J\@ e f = ePJ D > a6Y
` e Q e_Y fC$s e_UJ?< 9Hz = f e C <r“ D J\@ a c DRQ eOU‘J a:<ou‘> f Uc< D <[J D U c fih hHec= f:C e a6U!J e a s s e s M e_=?< a6U ` U f Uh]e$= f:C e a6UJ e a s
s e s M e_=?<,“ D YRY}M e e_Uc> f e$= adcKe ` 9
! $ &)( E( - 1 ( 7 9 -0/ (M/4* 3 ;%9 1 7 9U7 * ; Y;E7
A,@ e C a6=\J\U eO='<\@ DRC > f:sC f < D J D f U D <2<oec>?@ J\@ a6JgaYYba< C eO>KJ?< fih @ e a Q Z g e a=\u f U D e s C @5Z5< D >_<
a6= e> fnQ e_= e ` M f J'@ f U
J\@ e2J'@ e f = e_J D > a6Y9aU ` ePv C eO= DRs e_UJ aY}< D’` e 9
LNUFJ\@ ekJ\@ e f = ePJ D > a6Y5< D’` e]J\@ e,< e Q eOUFJ f:C$D >O<0a= er> fnQ e_= e ` a< h f YRY f “x<Oy}‡ ž 56_1n(f‡O:( ž & D <M5ZEJ e a s < B B S B G B w B ~ B k B i
` B ž 1n(}… 6O(+ M5ZJ e a s < B S B G B j B B k B i a6U ` Bf _1 " 6%(f
a6U ` 3 B+…5 " &}‡MZBJ e a s < B w B B k B i a6U T
(+*
} " … " 1n… b(}… #Hž" 1 " O1n‡EMZ‘J e a s < B S B w B j a6U ` 3 B$% 5… ž -&}‡%:‡2MZ‘J e a s < B a6U `Ii
(5Œf:1n.„ ž -&}‡%‡ ]&+(f.… -.B} " .… " 1n… b(…. # M5Z€J e a s < j B © aU `i B a6U ` * 1n‘( žž (+13 .%O%5‡
MZXJ e a s < j B © a6U ` i:9 A,@ e,J\@ e f = ePJ D > aY5J f f Y’-< a= e a6Y’< f e_va@ a6ec<oJ DRQ e:y ž -.5( ( # (f„+ "$# (…. # ‡KC J e a s < B ~ B
k a6U ` i FWB œ " …b‡i kO%Œ+ # …”O-5(c1nH
‡ CJ e a s < B B S B G B w B j B B © B k B K aU ` F
aU ` #%" OO%:
œ C J e a s < S B G B j aU ` K F 9
LNU0J'@ eePv C eO= DRs e_UJ aYH< D’` e s f <oJ fdh J'@ e s a I f =F>_e$=\= e_UJ a6U ` h eaJ'e$= e‘> f YRY aM f = a6J D f Uc
< a6= e D U iQ f Y Q e ` B“Š@ D >?@ “ D YRY
s FWB d ^ T C J e a s < aU `B~ F
Ba8 a:D8 a6= CJ e a s < a6U ` i FWB
> e_=\J a D UcYZ!> f UJ\= D M$e$J exJ f aYY< D vJ f:C$D >_<Oyh ~ jKk :S:w C J e a \
s k FWB58 e_YRY e8C J e a s < © a6U ` F
B drq j C J e a .
s K F q k CJ e a .
s i F
B|{A m | T C J e a s <
| m h ` t CJ e a s S F
B8,h T C J e a .
j B B © FWB m.S C J e a s FWB m.tEd ™ˆM C J e a s < w B a6U ` © FWB Yt C J e a s FWB | m}–\d h CJ e a s < ~ a6U ` F
B § | iw k jik C J e a s
FWB q eOY C @ D C J e a s © F
B$AŠh Tam | C J e a s © FWB drm hrL C J e a s i F 9
`badcKe G Yfih4jKk
G:©
m e a Q5D U c a< D’` e,J\@ e f M Q5D f ec<H> f YRY aM f = a6J D f Uc<“ D J\@ D U e a:>?@ ePv C e_= Ds e_UJQB6J\@ e_= ex@ a Q eŠM e eOU> f YY a6M f = anJ D f Uc<M ePJ[“ e e_U
`aD N e_= e_UJ,J e a s < D UJ'@ e2U e a= C a<oJOy ™ B ™ G B ™ w B ™ 3 B S ™ j B ™ i B ~ ™ B ™ © B S ™ © B S ™ G B G ™ i a6U `S ™ B aU ` J\@ eO= e
a6= eE< e Q e_= a6Y> f YRY a6M f = anJ D f U+<Rc fD U c f Ua6JkJ'@ e s f:s e_UJŠM e_J[“ e e_U `aD N e_= e_UJ,J e a s <Oy ™ w B ™ w B ™ © B S ™ k B ~ ™ B G ™ K B
k ™ i B © ™ a9
‚ D J'@ D U a c DRQ eOUJ f:C$D V> c= f e C < D U iQ f Y Q5D U c€< e Q eO= aYaJ e a s <H“ D YRY+M e h f = s e ` J f a `$` = eO<'<H> f Uc>P= ePJ eŠJ a:<oua<C< e e T e>KJ D f U
S$9l F 9T fs e fdh J\@ ec= f e C < s a3Z > fD Uc> D’` e“ D J'I@ e_v D <oJ D U c> f YRY a6M f = anJ D f U+< B“Š@ D >?@“ D YRYM e‘<oJ\= e_U cJ\@ eOU e ` MZJ'@ e
U ePJ[“ f ='u0<\e C$C f =\J C h e$U `$D U c2B D U h f = s anJ D f MU B s f M D Y D J[GZ B e_J'> 9 F 9 ^ f = e DRsC f =\J aULJ B s aUZ fdh J\@ e< e c:= f e C <2“ D YYHM e
J f J a6YRYZU e_“”> f YY a6M f = anJ D f Uc< B“Š@ D >?@“ f e$Y ` M e Q e_='Z `aD >Pe$YJŠJ fs anJ e_= D aY D e2“ D J\@ f eaJ aU ePJ[“ f ='u‘<oJ\='ec>KJ'e$= e 9
A,@ e‘> f ePv D <[J e_Uc> e fdh e_v C eO= DRs e_UJ a-Y a6U ` J\@ e f = ePJ D > a6bY c= f e C < D < aKu e_Z D U c= e `$D eOU:J fdh J\@ D <FU ePJ[“ f ='u 9– YJ a DRs < anJ
fC J DsD _D U c‘J'@ e h e e ` M a>?uBJ\@ e f ='Z:™ ePv C e_= Ds eOU:QJ Bc“Š@ D >?@ D < e_v C e>KJ e ` J f Y e a ` J f aU e Q e_U D Uc>P= e a:< D U c‘U5e s M eO= fih
> f YRY a6M f = anJ D f U+<€M ePJ[“ e e_U J e a s < 9 A,@ e C = eO< e_Uc> e fih = e C = eO< e_UJ a6J DRQ eO< fdhN`aD N e_= e_UJ e_v C eO= DRs e_UJ'<“ D YY a6YRY f “ J'@ e
U ePJ[“ f ='u s e s M e_=?<€J f @ a Q e anJ e Q e_='Z s f:s eOUJ a6U a>_>_e$= anJ e C$D >KJ\ec= e f U J'@ e@e_v C eO= DRs e_UJ aYr< D J'e anJ D f U 9 T5D Uc> e
J\@ e f ='Z D -< a `$` = e<\< e ` M5FZ a2U5e s M eO= fdh}`aD N eO= eOUJ{J eO>?@cU DRg e e< B>P= f <'<[™—>?@ e>?u D U cE“ D YRYcM e C f <'< D M$Y eGB a6U ` < f Y DR` U eO<'<“ D YRY
M e c a D U e `BD U f e$=Še$U ` eO='<oJ aU `aD U c fdh @ e a Q Z g e a=\u f U D e s9
A,@ e0U e_J[“ f =\u >PY e a=\YRZ a `$` = eO<'< e< h e$U ` a s e_UJ a6YE= e< e a6=?>?@ D <'<oe e< aU ` @ eOUc> e0J\@ eO= e a= e0U f > f U$U e>KJ D f Uc<‘“ D J\@
D U ` ec<[J'=\Z `aD = e>KJ'YZB= eOY a6J e ` J f J\@ D <Šu D U ` fdh = eO< e a6=?>?M@ B a C a6=\J h = f:s J'@ f < e D Uc@ e_= e_UJŠJ f J\@ e e_v C eO= DRs e_UJ a9Y c= f e C < 9
Vt f “ e Q eOL= B D Uc< DR` e f e$=J\= a D U D U c C = f c:= a s J\@c= f e c@ J'@ e d a:< DRsD = m e>KJ\ec= e< C%< e e 8 a9 9 j D F<F‘“ e “ D YY2>P= e a6J e a
C = DRQ5D Y e cKe I` h = a s e D U+< D’` e‘“Š@ D >?@ f ec= e a=\YRZ<oJ aicie a6U ` C f <[J ` f >KJ f = aYH<[J'e ` eOU:J?<€“ D YYkM e@a6M$Y e!J f e_UJ eO= D U J f ec>?@
“ D J'@BJ'@ eF“ f ='Y @` fdh J\@ e D U ` ec<oJ\= D a6Y}= eO< e a='>?@ aU ` J\@ eF“ f ='Y @` fdhD U:J e_YRY e>KJ'e a6Y C = fC e_=\J[Z 9
X¡
 H L ! $%" /Y7:9U7]*,( - - ( ( _- 7:/ :- ;
- Y;E7 - * a/ 1 /Y(
A,@ e_= e]“ D YYaM ekJ\@$= e erY e Q eOYR< fdhcs aU adcKe s e_UJ.“ D J\@ D UJ\@ e,U e_J[“ f =\uyJ'@ ekU ePJ[“ f ='u2> f f = `aD U anJ f 0= aU ` J'@ e ` e C eaJ[,Z B
J\@ e> f U Q e_U eO='< fih J\@ e ~ <\> D eOUJ DV > a6= e a:< ` e<\>_= D M e `D U J\@ e€“ f ='u C Y aU C%< eO>PJ D f U 8 9lw F aU ` J\@ e <'> D e_UJ D <oJ'< D U
>?@ a6= cie[C C YRec< OG!` e C e$J D eOP< F fdh J'@ eFY f > a6YJ e a s < C< e>KJ D f U8 S$9 F 9
R JA,D a6@ J erD f U MU e_BJ[“ `afD <[=\J'uF= D >M$f eaf J =D f`aU D U fia6h9J f h e$:= U a6`U <`a ` s e C f eaU J[cXZFJ\“ @ De2YYaU M fae ` DeU< B >?s@ a6f = U ciD e J f fd= h D UcKe_c U fdeOh= aC Y:= Uf e_c:J[= “ e<\f < =\eOu R< D Ua6c>U ` a:>KePJ v DQ5C D eOJ[Uc[Z < CeO> L< f B U:C J'= = e a:C >Ka6J= U aneJ cD f f U ™
fih a6UcUe a6Y= e C f =oJ?O< F
aU ` fih J'@ e f = cKa6U D anJ D f U fdh aU$U5e a6Y{U ePJ[“ f ='u s e ePJ D U c< 9 A,@ eOZ “ D YRY{M e!= e< C f Uc< D M$Y e
h f =,J\@ eFec< e fdh J\@ e h ecU ` < h = fs J'@ e€h dN9
R JA,a6@ iu ere <\C > Y D aeO> Ue,J D< V e >kQ e_> =f a6U Y:Q J eODRUs e_eO=?b<< e“ aD >?YY @Xf KZ = ec aa6= U 9 DA,
e@ e_sZFD U“ D D™ YR“ Y fa6Y’='< uaf <o@ J af:iuC e,9< >a:a6<\=< fek> J D f anJ > e f ` YY “a6M D J'f @X= anJ'J @ e e DD U=<\f > = D `eOU:e_=J DWJV fgR> f a6= = cKe aa4U B3D“Š
ek@ D < >?e @XQ e_“ = D a6YRYY
J'= a D U D U ca>KJ DQ5D J D eO<E“Š@ D >?@ D Uc>PYRe ` e<F<\>?@ f f YR
< a6U ` > f e$=?< e< 9 A,@ eOZi“ D YRY{M e D U >?@ a= cKe fdh J\@ e f = cKaU D anJ D f U
s f U D J f =J\@ e = e< e a6=?>?@ C = f c:= e<\< eO<XJ f D“ a6= ` J'@ e
aU ` > f f = `aD U anJ D f U fdh J\@ e D =!J f:C$D > a6Yx= eO< e a='>?@ a6= e aBa6U `)
f M I eO>PJ DRQ eO< fih J'@ eFU ePJ[“ f ='u 9
R “A,f@ ='e!u Y f > > f af YH= `a> fD U f a6= J `af D =U anJ J f f =?> < fnQfieOh =!J'@ M e!f J\J @ e a J's @ <Fe “ h e_D YRYRY YHf “xM e<o@ = DReC < H< C f C hUcf < = D M$e Y ea6='h YfZ =Fa6J\U @ ` e sePv f C U e_e_= Z0D eOUcJ\@> eeO`Z f= eM$< J e a a6D U=?>?@ h = e_f:=?sO< FFJ'a6@ U e‘` U J'e_@ Joe ™
f J\@ eO-= ePv C e_Uc< eO<]= eOY a6J e ` J f€s e e_J D U c4B:J\= a D U D U c a6U ` > f YRY aM f = a6J D f U 3J\= a Q eOYU e e ` < 9 A,@ e_Z“ D YYf@ f Y ` h = e g e e_UJ
s e e_J D U c:< fdh J\@ eBY f > a6Y{J e a s Bba6U ` >?@ eO>?u D U C a=oJ D >_e$Y a6=2J\@ e@a `$Q aUc> e s e_UYJ a6U ` D UJ e c= anJ D f U fih Z f e$U cKe_=
s e s M eO='< fih J'@ e2J e a s9{– UJ\@ e€> a< e fih J'@ e€hHec= f:C e a6U‘J e a s L< B5J\@ e_Z“ D YRY a6Y’< f M e D Ui>?@ a= cKe fih J'@ e D =ŠY f > a6Y
`badcKe GY© fih4jKk
6
wdk
V U a6Uc> D aY s a6U aicie s eOUJ 9 A,@ eOZ“ D YRY.= e C f =\J g e a=oJ e_='YZ D UBa!Zie a6=
J\@ e<[J anJ\e+< C<\> D eOU:J DWV >Ya6U `V U aUc> D a6Y F fih
J'@ e a>PJ DRQD J D eO< a6J,J\@ e D =xU f5` e 9
œX( % " O(+
A,@ D <ŠJ\@$= e e_™ Y e Q e_Y s a6U aicie s eOU:Jx<oJ\='ec>KJ'e$= eE“ D YRY a6YRY f “ h f = `aDRQ eO='< e s e a6Uc< fih > fss e$U D > anJ D f U a6U ` > f f = `aD U anJ D f Uy
R fiA,h @ J\eF@ >e e_ePUv J\D= <oa6J YD U U c fa` f eU e fdh h f > =,fsJ\@ s ee$p U ‚ D > anz J D Baf Y Uf > “ anDJ Ye Y ` M e2anJ J\@ eEU ePJ[“ f ='u“ e_M< e_= Q e_=QB“Š@ D >?@“ D YY M eEJ\@ e€> f UJ D U5e anJ D f U
9
A,@ D <]< eO= Q e_=“ D YRY a `aQ eO=oJ D < ekU ePJ[“ f ='u s e ePJ D U c-< a6U `sD U D ™ “ f ='ua<o@ f:C L< B C f <oJ ` f >PJ f = aY C f < D J D f Uc<“ D J\@ D U
J\@ eFU e_J[“ f =\u B f =r= e_Y anJ e ` J f!D LJ B a:<,“ eOY9Y a:< D UJ e_='U a6Y = e C f =\J'< 9
– JE“ D YbY aYR< f > f:ss e$U D > a6J e<\> D eOU:J DWV >€= eO<\e$YWJ?<xJ f J'@ e C a6=\J D >PY e C @5Za< D >_<E> f:ss e$U D J[TZ C%> fC$D eO< fdh J a6YRu5L< B
C = f > e e `$D U c< a6U `BC a C eO='P< F
R >T fe sQ eOs = ae$bY U ePD ™> s anJ a ekD Y “ `aD J'D @<oJ\D =UXD M$J'@eaeJ DD f=U = eY < D e <oJ'a6<€=?>?“ @ D a6YRY]= e M aYeB f < eP=.J€“ e D J\C @a6J\@J e,`a“ŠD N @ e_f = Ye_ekUUJXePY J[e “ Q e_f Y’='< u BB J f f =a“ YDY J'f @€“ J'@D U e,`aY DRf Q5> DR`aYe J a6e Y a s se 9 s |xM U e_f =?J\<2@ Je_f =
Z f ecU c!<\> D eOU:J D <oJ e_™ s a D Y.Y D <[JN“ D YR0Y aYR< f M e>P= e a6J e ` B a6YRY f “ D U c I e$U D f = s e s M e_=?< fih J\@ e€U ePJ[“ f ='u‘J f <o@ a= e
J'@ e D =Š= e<oecYWJ?< a6U `g e eO<oJ D f U+< 9
R =A,eO@ <\e$e YJ'h <= e f g Ue e_< UC J e> f DV= cK>EaJ U f:D C$
anD >OJ < D fB U aU fd` hF“ sD YRD YU hD ™ˆf “ <oJ f eO=\=ŠuaU<\@ e_f“”C <> f “ YY a6D YRM Y f a= YanY f J “ŽD f Uc= < a 9 CcDR` `aD <'>Pec<'< D f U aU ` > f:ss e$U D > a6J D f U fih
R s`]@e Zae_J< DD U> Dc <oJ'D < h J\f @ eae€J'< > D’f` fe= `aJ\@ D U e0anJU f eP=?J[<r“ > f f ='Ucu < D’“ ` De_Y=rY
J\M @ e e D D = U Q5C D= J eOe < ` e_UcJ > f e DRJ\s@ e C f U =oePJ J[a6“ UfJ ='h u f =,sJ'D@ U e D ™ˆf “ M f I =\eua>K<\J @DQ feOC < < fdfh =!J\@ J eFf U J'eP@ J[e “ f a6='Ucu U9 e a6Y
R sjce$e =oe_J'J @ D Ue_={c:<,> f “ UD J YRa:Y}>KM J'e€<“< ePD JŠYY5e J C a6KuB eC =C fnY QaD’> `ae D Ua6Jc – h Ue$J =\e_J\='@ U eOan=ŠJ DU f ePU J[a6“ Y f d ='u‘f U > h f e_f = =e_`aUcD> U eOan4< J a6D f U U `XaI‚ U f` =\ua> f<\@sfs C <e$BnU “ŠD > @ aneOJ = D e,f U < C9 e> D a6Y5U ePJ[“ f ='u
Œ "$#." O%(f (f* ž 1n(f„c1n5‡O‡
A,@ eF= e< e a6=?>?@ C = f c:= e<\<k“ D YRY}M e€> a= e h e$YYRZ h f YY f “ e ` a6Jx< e Q e_= a6YY e Q e_Y’<_y
R C| ech JM$e_Y =D <\@ e ae `>?@ f UBsJ\D U @ D e ™ˆ“ ‚ f =\eOuaM <\9 @ fC B.J'@ e= e<oe$YJ'<“ D YY,M e f = c a6U D e ` M5Z J'@ eBA fC$D >> f U Q e_U eO='< D U a0= e C f =oJ a6U `
R A,> f @ U e ` e+a:<\>K<J eOe <'` < s anJ!eOU:J\J @ efdh a6J\U$@ U5ee =aeOY <\e$s YJ'e < e_J fiD Uh c:a< YYfiJ'h @ eJ'@ J e e a U s e_J[< “ B:f a6=\U u I` 9 fdj h f J\YR@ Y f e “ fnD QU e_c = a6J\YR@ Y eOC < =eGf BrcJ\= @ eOe <'< h e$fihJ\e$J\= @ e e `aC D == feI>KeOJ >PD f LJ U B}“ fiD h YY{J'M@ ee
= eO< e a='>?@ C = f c= a s “ D YY}M e a `nI ec<[J e ` 9
R =A,e @ C ef < =\e Jrs “Še= De_JoJ J D eOU Uc:L< MB Za6U J\@ ` eFJ'U@ ePe€J[“> af = ='e u h e$f 9Y = a6cKU a6a6U YRD Z5
<e_D= < 9 fih J'@ eF= eO< e a6=?>?@‘= eO<\e$YJ'L< Ba“ D YRY< e_= Q ega< aM a< D < h f =,J\@ eFiZ e a=\YRZ
B‡O‡ % " O(+ (+*,1n5‡ .# O‡
8 f J\@J\@ e f = ePJ D > a6Y a6U ` e_v C eO= DRs e_UJ aY f eaJ?> fs e<,“ D YRY M e c DQ e_U s anv Ds e sŽ`$D Nec< D f U}y
R V; =?e <oC J f f =oUJ?<{e€“ “ D DJ\YR@YM J\@ eFexa = ed <ohecYW;
J?< § f Ma` J e_a YRYD fU “ e `; D Uce <C DRf` =oexJ J\9 @ h{D <Hv5=J eOeO<U e ` ae ='` >?@ “ŠC = =D Jfe€I eOe >PCJH< “ h D f YRYc=
M = e eOU C f e$“ŠMcU Y D e <o`@ e C ` ecf M$UY D <\J @ fe_C =?<x= e “ Q5DD eOYY.“xM < e 9 A,a6Y’@ < fe
> f Uc< DR` e_= e ` 9
*$&(!"/ + 3 '
`badcKe iw kYfih4jKk
w
R |
YY<'> D e_UJ DWV >E= eO<\e$YJ'< f M$J a D U e ` M5Z!J'@ e2J e a s <,“ D YY}M e C e$McY D <o@ e `D U= e h eO= e e `XI f e$='U a6Y’< 9
R Dq U anJ\J @ a
eFaUU e_a6J[YR“Za< f D =\< u C 9 a:>?u aicie<.“ D YRY$M e C = fa` ec> e ` a6U `s a ` e a Q a D Y a6McY erJ f aYY5J'@ e ePv C e_= Ds eOU:J a6Y c:= f e C < D U QKf Y Q e `
R s|
Ye Y e_fJ D J\U @ c:e_<>= a6` U f ` >_e “ s f e_='UuaJ'<o<F@ f= C e_<LY anB J f e = ` a6J J f f J'J\@ @ e‘eO= = eOs < ee aePJ='D>?U @c:<= eD <oU e$Y= J'e_< Y anfdJ h D f J\U@ e“ UD J\eP@ J[“ J\@f ='e€u U ePC C J[“ a C f e_='u@=?< aC >P=J eODRQ5< e_D J[UZYJ F,e ` “ D a6YY.J€M U e ePJ[s “ af `='ue
a Q a D Y a6M$Y e f UJ'@ eF“ e_Mi< eO= Q e_= fdh J\@ eFU ePJ[“ f ='u 9
! $
- - :( (
7 A37 - ( 9U(M/4;%( 1 ( 7 ( 7:/ 1 7 Q7:/ ; - 7 /
§Vf = aX8r= a s M D YRY a€@ a:<r<oJ a=oJ e ` C D U> f YRY aM f = a6J D f U!“ D J\@ ; f M e_=\J f ^iec<'< aSF{J'@ e – U:J e_='U anJ D f U a6Y}pNe a=\u f U D e s ‚If =\u™
D U c z = f e C $B “Š@ f < e V =?<oJ s e ePJ D U c!@ a<,M e e_U f = c a6U D
e ` a6J d h ;x§”D U §VfnQ e s M e_= ikika9]T @ e D < C = eO< e_UJ'YZ f U e fih
J\@ e d f U Q eOU e_= fdh J\@ e h e$YRY“ f =\u D U c c= f e C aU ` J fC$D > aY+> f U Q e_U e_= h f =]J'@ eN< C e>KJ'= f <\> fC Z< eO>PJ D f U 9HT @ eN“ a:< f U e fih
J\@ e f = D c D U anJ f ='<baU ` f = c a6U D
eO= fdh aYY+J\@ e VcQ e>e `aD J D f U+< fih J\@ e – U:J e_='U anJ D f U a6Y d f U h eO= eOUc> e ?pNe a=\u d f U V U e s e_UJ
a6U ` J'@ e t a ` = f U TaC e>KJ\='e s C d fsf C – J a6YRZYFWB ©©6G aU ` ©©ij V «:m |
8C š |B £NT |KFWB ©© V š
D e_U$U a C%|
ec<[J'= D a,F
B
dkikKk V z a6= cU a6U f C – J aYZYF
B dkKk: F
B
9 T @ e2@ a< f =o™
cKa6U D e ` J'@ e – UJ e_='U a6J D f U aY T >?@ f f Y D U \| CcC Y D > a6J D f U fdh h:N e>KJ DQ ej D e_Y ` A,@ e f = D e< B ^ D Y a6U f C – J a6YRZYFWB j e_M$='e a6='Z
dkik:S C
F 9 ^e s M e_= fih J\@ e€| `aQ5D < f =\Z d f:ssD JoJ e e fih
J\@ e – UJ eO=\U a6J D f U aY d f U h e_= e_Uc> e f U § e+>PY e a6= aU ` C a=oJ D >_Y e`H@5Za< D >_<“ D J\@ d eOM a h anJ «:m |
8KB q e$Mc= fnQ U D u B O©:© $9
`H= fC f U eOU:J fdh < e Q e_= a6Y h ecU ` e `D UJ e_='U anJ D f U a6Y C = fI eO>PJ'<K%C |
>O> D f U e< D UJ e c= a ` a:<]|xe+<[J'= D an™ T5C a D UMV –[§ j § ™ d €` d A ePv5™
>?@ a6U cKe C = f c= a s V § |{A
L d f YRY aM f = a6J D f U z = aU:J £€9 ^ D Y a6U f ™ «:m |
8 C £ET | F<F 9 | C$C fD UJ e ` a:< a6UBePv C eO=oJ D U0J'@ e
`H@5Za< D >_< `ba6U eOY fih J\@ e2hHe$= fC e aU d fssD <'< D f U h f =kJ\@ e2< e_Y eO>KJ D f U fdh J'@ e2^ a6= D e d e$= D e C f <[J ` f >KJ f = aY h eOYY f “x<o@ DC < 9
– U Q5D J e ` s e s M eO= fdh J'@ e C Y eOU a6='Z C aU e_Y f U T > D e_U+> e a6U `)T > D e_Uc> e` f Y D >_Z a6JJ'@ e t a3Z eOY d f U h eO= eOUc> e f U J'@ e
Y ae$Uc>?@ fdh J'@ e j4` j %C 8r='ec<\< e_Y’<LB §VfnQ e s M eO= ikik F 9 T @ ei@ a:<>P= e anJ e ` a6U ` f = cKaU D
eO<XJ\@ e < eO= D eO< fdh d a:< DRsD =
m eO>PJ\e$= eO< Ff U h e$U ` a s eOUJ a6Y9aU ` a C$C Y D e ` = e< e a6=?>?@ anJ,J\@ e £ U DRQ e_=?< D J[Z fih ^ D Y aU fc9{šND > eP™ C = eO< DR` eOUJ fih J\@ e€^ a6= D e
d e$= D e,j e_YRY f “x<o@ DRC |N<\< f > D anJ D f U %C ^ d ja| FWnB = eO< C f Uc< D McY e fdh J'@ eŠ^ d ja| T > D e_Uc> e ` f Y D >_Z 9d @ D e h h `aD J f = fih J'@ eŠ^ a6= D e
d e$= D eF|xU$U a6Y’< 9 A0e a s Y e a ` eO= D Ui< e Q e_= a6Y –[§ A| TBC = fC f < a6Y’< 9
; f M e_=\J f ^iec<'< a D < f U e fdh J\@ e h f e$U `$D U c s e s M e_=?< fdh J\@ eBp ‚ z B aU ` D <€> f U Q eOU e_= h f =FJ\@ eB< C eO>PJ\= f <'> fC Z
< e<\< D f U 9‘t e C = f:C f < e ` aU ` “ a:<FA0a:<ou m e a ` e_= h f =2J\@ e> f Uc<oJ\='ec>PJ D f U fdh J\@ e‘h S:w <'> D U:J D YRY anJ D U c V M e_=€J\= a>?uieO=LB
D U > f YY a6M f = anJ D f U “ D J\@ J\@ e I f:D UJ q
k drq j V M eO=FJ\= a>?u D U c@c:= f e C <LB @ e‘< e_= Q e `0D U J'@ e – UJ e_='U a6J D f U aY| `aQ5D < f ='Z
d fssD J\J e e fih J\@ e T > D j Dx©5~‚Bf ='u5<\@ f:C}9 t a Q5D U c C a=oJ D > DC anJ e ` J f M f J'@ J'@ eih ~ jKk a6U ` h S:w ePv C eO= DRs e_UJ'<LB
@ e D < f U e fih J\@ e!uKe_Z f = c a6U D
eO='< fihrC @5Za< D >O< a6U aYZa< D < h f =FJ\@ e> f YY a6M f = anJ D f UMB a6U ` a>KJ DQ e anJFaYYHY e Q e_Y’< D UJ'@ e
` = a h J D U c@aU ` = e Q5D e_“ fdh h S:wC e$M$Y D > anJ D f U+< 9 | h f = s e_= s e s M e_= fdh J'@ e t e_= s eO< d f YRY aM f = a6J D f UanJ q h TS` B@ e
“ a:< d f f = `$D U a6J f = D UJ\@ e S = `B–[§ j §bT > D eOU:J DWV > ; e Q5D e_“ d fssD J\J e e C t a ` = f U`]@5Z5< D >_<PF 9
! $ - - :( (
7 A37 - ( 9U(M/4;%( 1 ( 7 ( 7:/ (.- *
*+() - 123("1' &()(& () +*3
*-,
+() - 12312 % )'- ( 2++0-,
7R› % " " „f ‰}(5‹ ?-.(5‹ª(+*Š-. P "$# & " zED fnQ a6UcU D `]= f < C e_= D B:@ a:<]M e eOU a s e ys M e_= fih J\@ e –[§ j §”qND = eO>PJ DRQ e zED e$UJ a h f =,< e Q e_= a6Y+Zie a='< a6U ` a s e s M e_=
fdh J'@ e – U:J e_='U anJ D f U a6Y –[£ ` >| ` d f:ssD JoJ e e 9 |
UJ f U D fš a D = fD <r> f U Q eOU e_= fdh J'@ e g e a6='u f U D e s “ f ='u D U c c= f e C h f =
` eO> a3Z5< 9
; f < a6U$U a d eO<oJ eO=k@ a:<HM e eOU‘J\@ e T5C f Ku eO< C eO='< f U fih h{v C e_= Ds e_UJ,h ~ jKk anJ,j eO= sD Y aMMB a6U `!D < d f ™ T5C f uie< C e_=?< f U
fdh h{v C e_= Ds eOU:Jh :S:wa9 h _D f ^ eOU D >?@ ePJ\J D @ a<.M e e_U d f f = `$D U a6J f = D UFJ\@ e <oJ –[§ j §)T > D eOUJ DV > ; e Q5D eO“ d fssD J\J e e,B
/
%.'
32*
# 3 -%.-&/<3
/
%,5)/021 ?
%:02*
`badcKe w > fih4jKk
w
z = f e Cm e a ` e_= D U d h ;x§ ePv C e_= Ds eOU:J?< q eOY C @ D a6U `§ | G aU `D <{>_e$='= eOU:J'YZ d @ a D = s aU fdh J\@ e z = a ` e anJ e T >?@ f f Y
D UBJ\@ e `]@5Z5< 9 q e C J 94fdh A f = D U f£ U DRQ eO='< D J[Z 9Hd Y ae `aD a `ba6J\= D c:U a6U D @ a:< f = cKa6U D e ` J'@ e dkik Ez eOU fnQ ahHv C eO= DRs e_UJo™
A,@ e f =\Z ‚Bf ='ua<o@ f:C f U d @ a= sf U D e s V$h]U$= D > f; f M$eaJ\J D}D <rJ\@ e€>_e$='= eOU:J d @ a= sf U D e s |xU aYZa< D < d f f = `aD U anJ f = D U
8 a:D8 a6= 9
^ a6= D a 9m f:s M a= ` f @ a<M e eOU d f f = `aD U a6J f =4a6U ` `H= f6I e>KJ m e a ` eO= D U< e Q e_= a6Y C = f6I e>KJ'<.M f J\@ D U £ET aU ` hHe$= fC e 9
T @ e aYR< f f = cKaU D e ` < D v D UJ eO=\U anJ D f U a6Y$“ f ='ua<o@ f:C <LBda6U `D < f U e fdh J\@ e C = fsf J e_=?< fdh J\@ e – J aY D a6U ‚Bf ='u D U c z = f e C
f U T J\= f U c – UJ eO= a:>KJ D f Uc< C“ D J\@ ^ 9 ; f < anJ D a6U `B‚ 9 |xYRM eO= D > f F 9
7 R› ’ƒ " " „f ‰}(5‹ ?-.(5‹ª(+*Š-. 1 " & X " A,@ e>c:= f e C > f f = `$D U a6J f =H@ a<,< f h a= f = c a6U D e ` < D v D UJ eO=\U anJ D f U a6Y> f U h e_= e_Uc> eO< a6U ` e `aD J e `BC = f > e e `aD U c:< h f D= e a:>?@
fdh J\@ e s9 LNU e fdh J\@ eO< e e Q e_UJ'<ŠD“ a< ahHe$= f > f U h e_= e_Uc> e2< C f Uc< f = e ` M5Z‘J'@ eXhHec= f:C e a6U d fssD < D f U 9,t e€@ a<xY e `
“ f =\u D U c>c:= f e C b< a6J]< e Q e_= a6Y D UJ e_='U a6J D f U aYa“ f =\ua<\@ fC < 9.t e D <{J\@ e s a6U adc D U c `aD = e>KJ f = fdh J\@ eŠJ\@ e f ='Z ` e C a6=\J s e_UJ
fdh a C$C = f v Ds anJ e_YRZ dw kC e fC Y ea6U ` D <Y e a `aD U cBa= eO< e a6=?>?@ J e a s fdhF3w C e f:C Y e 9 ^ 9H¤ Y a:< eOU D < `aD = eO>PJ D U c a6U `
C fdh]SC e fC Y e 9 A,@ e s aU adcKe s e_UJNu5U f “,™ˆ@ f “ fdh]Yt B a s e$YWJ D U anJ D f U a6Y
a `asD U D <oJ\= anJ D U c@a I e$U D f =E= eO< e a='>?@ c:=\e f:
ePv C eO= DRs e_UJ D U KQ f Y Q5D U ca6M f e$J G kik <\> D eOUJ D <[J?< B D < fdh > f e$=?< e
ePv$> eOYY e_UJ 9
7 R› R› " " „f ‰}(5‹ ?-.(5‹ª(+*Š-. 1 " & X " LNU e fdh J\@ ep ‚ z > f U Q e_U e_=?U< C%| 9 8 f @$= e_W= FDa6U ` J'@$= e e fdh J\@ eFJ f:C$D >X> f U Q e_U eO='< C%| 9 8 f @c= eOL= B T `]h d V+| 9+t f aU c4B
T ^ `Vn^ 9n« a sD MU B T ^ `]F0a6= e D U€J'@ ekJ e a s9 ^ e s M e_=?<@ a Q e]M e eOU C a=oJ D > DC a6J D U c D U€J'@ e f = cKa6U D anJ D f U fih U5e s e_= f ec<
“ f =\ua<\@ fC < aU ` > f U h e_= e_U+> eO>< C ` 9‚ e D < B{| 9.t f aU c4B| 9 8 f @$= e_Q= B dN9.¤2D eO<\Y D U c2B:` 9¤ = f YY F 9 ` 9¤ = f YRYH@ a:<FM e e_U
< C f Ku eO< C eO='< f U fih J\@ e z = a ` e D eO=oJ e_U$u f YRY e c anJ ‚ e C$C eO=oJ a6Y 9.– U ePv C e_= Ds eOU:J?<= e< C f Uc< D M D Y D J D eO<.@ a Q ekM e e_UJ a6Ku e_U fnQ e_=
D U > f U Q e_U D U c aU a6YRZa< D F< c= f e C X< C%| 9 8 f @$= e_Q= BH| m Rh ` t y D Uc>_Ye+< DRQ e C a6=\J D >PY e C = fa` ec>PJ D f MU Bk| m h ` t y.J[“ f ™ C @ f J f U
C @5Z5< D >_P< F f V= a< a< C f iu eO< C e_=?< f U C dN9+¤2D e<oY D U c4B d h m.m 8L C q h ST ` FPy C @5Za< D >O<r< C f iu e< C e_=?< f 2U F 9
7 R› 7 " " „f ‰}(5‹ ?-.(5‹ª(+*Š-. O5… i.„f….( " ^ D >?@ ade_Y ¤ = a s e_= D Y< a d f ™ f = cKaU D e_= fih J'@ e p ‚ z a6U ` aiJ fC$D > aYk> f U Q e_U e_= fih J\@ e< e>KJ D f U f U pNe a=\u f U D e s
`H= f5` ec>KJ D f U 9‘t e!@ a:<2M e e_T
U a d f ™ f = cKaU D e_g= a6U ` > f U Q eOU e_= fihkQ a6= D f ec< D U:J e_='U anJ D f U a6YH> f U h eO= eOUc> e< B“ f =\ua<\@ fC <
a6U ` <\e ss e_=k<'>?@ f f Y’L< Bia6U ` @ a<H< e_= Q e ` a:-< a s e s M eO= fih <'> D e_UJ DWV >x= e QD e_“ > f:ssD JoJ e e< h f =HJ\@ eE8k= D J D <o@ ; e< e a6=?>?@
d f e$Uc> D 0Y `R` | ;xdN9
z e$U$U a=rD8 a6Y DcD D< aF= eO> f cU D e ` “ f =\Y ` ePv C e_=\J f U m a6JoJ D > e2p drq a6U ` “ e_YRYfuU f “ŠU‘“ D J'@ D U‘J\@ e C a=oJ D >_Y e C @5Z5< D >_<
> fss e$U D J[Z 9t e D 4< a
J fCcD > a6Ya> f U Q e_U eO= fih J\@ e,< eO>PJ D f U f U< C eO>KJ'= f <\> fC Z fdh J'@ exp ‚ z9nt e,@ a:<> f U Q e_U e ` < e<\< D f Uc<
anJ Q a= D f ec<X@ D c@ Y e Q e_Y D UJ eO=\U anJ D f U a6Yk> f U h eO= eOUc> eY< aU ` M e e_U s e s M e_= fdh Y f > aY f = c a6U D _D U c a6U ` D UJ e_='U anJ D f U a6Y
a `aQ5D < f =\Z> f:ssD JoJ e eO< 92t eX@ a<N= e QD e_“ e ` c:= aU>J a C$C Y D > a6J D f Uc< h f =
J\@ e8r= D J D <o@ ; eO< e a='>?@ d f e$Uc> D 4Y `R` | ;xdN9ft e
D < ` e C eaJ[ZB> f f = `aD U anJ f = fdh a § ePJ[“ f ='u f U d fsC e$J anJ D f U a6Y t a ` = f U `H@5Za< D >O< 9
d @$= D <oJ D U e q a Q5D eO< D <F@ e a B` fdh J\@ e C a6=\J D >PY e C @5Z5< D >_<EJ\@ e f ='Z c:= f e C anJFJ\@ e £ U DRQ eO='< D J[Z fdhxz Y a:< c f “ a6U ` > f ™
f = `aD U anJ f = fih a6T
U e_v D <oJ D U c j$= a s e_“ f ='u w U ePJ[“ f ='u f U Y anJ\J D > e p drqX9HT @ e@ a:< `aD = eO>KJ e ` < e Q e_= a6Y D UJ e_='U anJ D f U a6Y
> f U h e_= e_Uc> eOL< BO“ f ='ua<o@ f:C < a6U ` <oe ss eO=.<'>?@ f f Y’9< a6U ` < e_= Q e ` f U D U:J e_='U anJ D f U a6KY a `aQ5D < f =\ZE> fssD JoJ e eO< h f 0= axUe s M e_=
fdh Y a= cKe D UJ e_='U a6J D f U aY> f U h eO= eOUc> e< 9
7 R› " " „f ‰}(5‹ ?-.(5‹ª(+*Š-.0 ž" % O " i« f a6U T f J fED <> f U Q eOU e_= fdh J'@ er< C eO>KJ'= f <\> fC Z2< e>KJ D f U fdh J'@ e
p ‚ z93t e,@ a:<.<\ec>O> eO<'< h e$YYRZ€<\e C eO= Q5D < e ` < e Q eO= aY `]@ q
<[J'e ` e_UJ?< B@ a<]M e e_U!J'@ eN< e sD U a6= f = cKa6U D e_= fdh J'@ e t Rh ` c:= f e C anJ £ 8 h f =]Y f U c C eO= D fa` < fih J Ds e,B@ a< f = c a6U D e `
`badcKe
w:
fih4jKk
w6S
J[“ f Y f > a6Ya“ f ='ua<o@ f:C <4a6U ` @ a:<M e e_UJ\@ exY e a `aD U c T5C aU D <o@!<'> D e_UJ D <[J D UJ[“ f
h e$U ` e `D U:J e_='U anJ D f U a6Y C = fI eO>KJ?< C“ D J\@
|xec<oJ\= D a a6U `!– J aYZ!= eO< C e>KJ DQ e_YRZaF 9{m YRe < z a=\= DR` f€D <kJ'@ eN@ e a ` fdh J'@ e t hR` ePv C e_= Ds e_UJ a6Y c= f e C a6J £ 8 95t eN@ a<
C a6=\J D > DRC anJ e `iD U s a I f = e_v C eO= DRs e_UJ aY> f YRY aM f = a6J D f Uc<C mt2d MMB t eO= a6™ MMB |
Y e C @MB ^ | ;
¤ « F>a6U ` @ a<
a6Y’< f M e e_U
D U iQ f Y Q e `iD U J eO>?@$U f Y f cZBJ\= a6U+< h eO=
J f > fsC a6U D e< 9 j$= a6U+> D <\> f«c9` U ` e$= a D U0@ a:<
M e eOU q e aUMB q e C eaJ[Z `]= e< D’` eOU:J
a6U ` C J[“ D > eAF t e a ` fihq e C a=oJ s eOUJDa6J £ |
^ 9+t e2@ a<rM e eOUa s e s M eO= fih J'@ e T5C a6U D <\@ d f e$Uc> D Y fih.£ U DRQ eO='< D J D eO<
C J eOU iZ e a6=?< D U a6YRY F
BJ'@ e txD c@ h]U e_= cZ `]@5Z5< D >_<28 f a6= I` fdh J\@ e‘h]e$U= f:aC `ae Q5a6UD < f `H= @5fdZah < <D >e aQ Y eO= T af Y> > D ePfJ[sZ C aaU U ` D e<J\@9 e T > D e_UJ DV >
` f Y D >_Z d fssD J\J e e fihHd h ;x§ C%< D viZ e a6=?< e a>?2@ F 9{t eF@ a:< a6Y’< f M e e_
7 R› " " „f ‰}(5‹ ?-.(5‹ª(+*Š-.0 ž" % O " ^ e s M eO='< fdhNTaC a D U –\– J e a s @ a Q e@ eOY ` D U J\@ e C a<oJ a6U ` @ f Y ` DRsC f =\J aUJ s a6U adcie s e_UJ C f < D J D f Uc< 9 | s f U c
f J\@ e_=?< B+J\@ eOZ D Uc>_Ye ` e€J'@ e `$D = eO>PJ f = fdh J'@ e – j –\d B>?@ a D ='>< a6U ` s e s M e_=?< fih-f = cKa6U D OD U c‘> fssD J\J e eO< D U `aD N e_= e_UJ
– U:J e_='U anJ D f U a6Y d f U h eO= eOUc> e< B C = f6I e>KJY e a ` e_=?< fih < e Q e_= a6Y C = fI eO>PJ'<}<\e C$C f =\J e ` M5ZNJ'@ e TaC a6U D <\@€^ D U D <oJ\='Z fdh+T > D eOUc> e
a6U ` 0A eO>?@$U f Y f cZ a6U ` M5Z J'@ e Y f > a6>Y c fnQ e_='U s e_UJ fdh J\@ e š a6Y e_Uc> D aU ; e c D f .U B,> f U Q eOU e_=?< fdhFQ a6= D f ec<“ f ='u D U c
c= f e C < D U M D c e_v C eO= DRs e_UJ aY]> f YY a6M f = anJ D f Uc<FY D Ku e q h m ` tx– anJ m Rh ` B f > D a6Y]= e C = e< eOU:J anJ DQ eO< fdh J'@ e T5C a6U D <o@
txD c@ d f e$Uc> D Y h f = T > D e_UJ DV > ; eO< e a='>?_@ C d,T5–\d F D U J'@ e š a6Y e_Uc> D aU ; e c D f BU a6U ` fdh J'@ e š a6Y e_Uc> D a £ U DQ e_=?< D J[Z D U
J\@ e€|N> a ` e sD a T5D U D > a fih ` 9 ;F9ld @ D U a4B T5C aU D <o@ ` e_Y e c anJ e D UJ\@ e€h]e$= fC e a6U C = f6I eO>PJ `H@5Za< D >O< f U T J adcKe ePJ?> 9
7 R› " " „f ‰}(5‹ ?-.(5‹ª(+*Š-. 1 " .: ' # „+ O " .%Œ+1n‡O% ) …. ] 5„+ ]„ A,@ e –\–oTa§ C £
m cSFEJ e a s @ a:<€M e eOU D U iQ f Y Q e ` D U J\@ e f = cKaU D anJ D f U fih
< e Q e_= a6Y D U:J e_='U anJ D f U a6Y s e e_J D U c:g< a6U ` “ f ='ua<o@ f:C < 92«+9d e cU f U D <NJ\@ e@ e a ` fdh J'@ e –o–oTa§ c:= f e C D U mD e cie 9€«c9 ;F9
d e ` e_YRY D <FJ'@ e‘@ e a ` fih J'@ e d LE^ `kh]AŠh”> f YY a6M f = anJ D f )U C d L sC eaJ eO= D < e ` ^ fa` eOYRL< B:`ba= a s ePJ eO=Fh Q a6YRe anJ D f U h f =
A,@ e f =\Z a6U ` hHv C e_= DRs eOUPJ FWBŠ“Š@ D >?@ f = c a6U D < e< a6U ` s a D UJ a D U+< ` a6J a6M a< eO< fih2s fa` eOYR@< a6U ` ` a6J a f U @ a ` = f U D >
C @5Z5< D >_< 9
P/ .%Œ+1n‡O%  … ]&+(f kA,@ e>c:= f e C @ a< f = c a6U D e ` a€Y a6= ciexU5e s M eO= fih > f U h e_= e_Uc> eO< a6U `D UJ e_='U an™
J D f U aY s e e_J D U c:< fnQ e_=ŠJ'@ e€KZ e a6=?< 9k« e a6U$™ `EQ eO< z = f <\< D f = `D <xJ\@ eY f > a6Y> f f = `$D U a6J f = fdh J\@ e| m}–\d h c= f e C}9 |xY ` f
q e a6U ` = e a D < s e s M e_= fih J\@ eg`]@5Z5< D >_< C a6U e_Y h f =,= eO< e a='>?@ a6J £ U DRQ eO='< D J[Z fihm Z f U 9{t e D < a6Y’< fXs e s M eO= fdh J'@ e
^ a6= D e d ec= D eXj eOYY f “x<\@ DC |N<\< f > D anJ D f Ui| `aQ5D < f ='ZB8 f a= ` a6U ` > f e `aD J f = fdh J\@ eX^ a6= D e d e$= D eX|
U$U a6Y’< C ecM$Y D <\@ e `
MZ‘J\@ e€h]e$= f:C e a6U d fssD <'< D f U 9
7 R› RŸ " " „f ‰}(5‹ ?-.(5‹ª(+*Š-.0œ " ^ e s M eO='< fdh J\@ e d h ;
§ J e a s @ f Y ` a6U ` @ a Q ex@ e_Y `D U!J'@ e C a<oJ DsC f =\J aU:J s a6U aicie s eOU:J C f < D J D f Uc< 9 ^ D >?@ eOY aUa™
cie_Y f ^ a6U cKa6U f @ a<!M e eOU >?@ a D = fdh J\@ e|
> a ` e sD >iA= a D U D U c C = f c= a ss eGB s e s M e_= D U J'@ e <\> D eOUJ DV >= e Q5D eO“
> fssD JoJ e eO< fdhQ a6= D f ec<]Y a6M f = anJ f = D eR< aU `‘D Uc<oJ D J\eaJ D f UcU< C d h ;x§ Baj$= a<'> a6J D U a6J D f U aY m a6M f = anJ f =\,Z B T a>PY a3Z q `]@cA B
‚ f ='u D U c z = f e Cd f f = `aD U a6J f = h f b= `H@5Za< D >O< 9
` f =\J\e c a6Y T > D e_Uc> erjce$U ` a6J D f MU Bde_J'Q> F 9 LNY DRQ5D eO= T >?@cU e D’` e_= D <.J\@ e mt2d M B
– U a `$`aD J D f .U B s e s M eO='< fdh J\@ exJ e a s @ a Q eŠ@ a ` aFY f U c e_v C eO= D e_Uc> e D U!J\@ e f = cKa6U D anJ D f U fdh Y a6= cie_™ˆ<'> aY e B‚ f ='u5<\@ f:C
§ f U a= e ce$Y a6=,M a:< D < 9
a>KJ DQ5D J D eOL< Ba@ e_Y ` anJ d h ;x"
7 R› " " „f ‰}(5‹ ?-.(5‹ª(+*Š-.i/N( #" … P # (5Œ+5. " O " T e_U D f = C @5Za< D > D <oJ'< fdh J\@ e ¤ = a6u f “,™ T Y fnQ eOU D aJ e a s @ a Q ea ` e g e anJ e s a6U aicie s eOUJ2<\u D YRYR<EU e e ` e `0D U <\> D eOUc> ea6U `
e ` ec> anJ D f U 9!t€9 `ba6YRu a h f =€< e Q e_= a6YiZ e a6=?<2< eO= Q e ` a:< ac= f e C Y e a ` eO= h f =2J\@ e ¤ = au f “ q e_Y C @ D e_v C e_= DRs eOUJFJ e a s
> f U+< D <[J D U c fdh3~C e fC Y e 9q e$= D U c J'@ D < C eO= D fa` @ eiD“ a< a s e s M eO= fdh J'@ e q eOY C @ DFd f YY a6M f = anJ D f U 8 f a= ` B a
s aU adcKe s e_UJ,M fa` Z fdh J\@ e D U:J e_='U anJ D f U a6YfJ e a s fdh.s f = eNJ\@ aU jKkikC @5Za< D > D <[J?<Š> f U ` ec>PJ D U cXJ'@ e ePv C e_= Ds eOU:J 9{t e
“ a:< a C = D Uc> DRC a6Y D U Q eO<oJ D cKa6J f = fih J\@ e ¤ = au f “ q eOY C @ D = eO< e a='>?@ C = f c:= a s h e$U ` e ` M5ZNJ\@$= e e c= a6UJ'< h = f:s J'@ e ` f Y D <\@
`badcKe wYS fih4jKk
wnG
T J a6J e d f:ssD JoJ e e h f = T > D eOU:J DWV > ; eO< e a='>?@ C ¤ 8 § F a6U ` a C = fI eO>KJ€Y e a ` e_= fdhx¤ = au f “UD <2> f UJ'= D M$eaJ D f Uc<2J f J'@ e
> f U+<[J'=\ec>PJ D f U aU `C = f >_e$= e s e_UJ fih J\@ ee C c= a ` e ` T5D Y D > f U ^ D >P= fnQ e_=\J e_v q ePJ eO>KJ f = h f =xJ'@ e q e_Y C @ D e_v C e_= DRs eOUJ 9
8 9 ^ie$='Z5U D g< a> f U Q e_U e_= fih J\@ e a6U aYZa< D <
J e a s D U q e_Y C @ D 9 ` 9 ¤ = D aU D <ga= eO< e a='>?@J e a s Y e a ` eO=
a6JNJ'@ e «+9
T J e h a6U – Uc<oJ D J\eaJ eGB a6U `!` e C eaJ[Z@ e a ` fdh J\@ e>`H@5Za< D >_< q e C a=oJ s e_UJ fdh J\@ e £ U DRQ eO='< D J[Z fdh}maI ecM$Y I aU a 9t eN< eO= Q e `D U
< e Q e_= a6Y > fssD J\J e e< fdh J\@ e t h ; |Š™—8 ePv C e_= Ds eOU:JQB a6U ` “Da<rJ'@ e€> f f = `aD U a6J f = fih J'@ e t h ; |Š™—8 ;Š–\drt > f ecU:J e_=
c= f e C}9 `]= e< eOU:J'YZ!@ e€< eO= Q eOD< a< a s e s M eO= fdh J\@ e€hHv e>PeaJ DQ eF8 f a6= ` fih J\@ e€8 eOYY e ePv C e_= Ds eOU:J 9
7 R› % " " „+ 5‰}.(5‹ '-(5‹ (f*,O-œ-. " O " «c9 ` 9 ^ aF>_e$='= eOU:J'YZY e a ` < a c= f e C <\e C$C f =\J e ` MZ § a6J D f U aY T > D eOUc> eNj f ecU ` anJ D f U fdh.d @ D U aYB:“ f =\u D U c f UJ'@ e f = e_Jo™
D > a6Y C = f McY e s < fihg e a=\u f U D aYB= e_Y anJ e ` J f 8,Rh ` d ePv C e_= Ds e_UJ 9H‚ 9 z9fm}D}D <rJ\@ e Q5D > e `$D = eO>PJ f = fih–[t Rh ` Ba“ f ='u D U c
f U8rh T e_v C e_= DRs eOUJ 9 X9 `9T @ eOU D b< aNY e a ` eO= fih J'@ eDc= f e C h f b= a6U aYZ _D U c =2?A@ ` anJ aYB dN9 ^ A9 ` e aUY e a ` <.J\@ eDc= f e C
h f = a6U aYZ OD U c@ ` a6J aYB j 9 t a=\= D < D <
J'@ e< C f Ku eO< s aU fdh 8,h T9 ¤9 A 9d @ a fD <
J'@ e `aD = eO>PJ f = fih J\@ e D Uc<[J D J'eaJ e fih
J\@ e f = ePJ D > a9Y `H@5Za< D >_< a6J `4e_u D U c £ U DRQ eO='< D J[,Z B `9 p 9fd @ eOU a6U ` `9 ` 9+¤ e a6U c@ a Q eEY e `Q a6= D f ecD< c:= f e C <Š<\e C$C f =\J e `
MZ § anJ D f U a6Y T > D e_Uc> e€j f ecU ` anJ D f U fihHd @ D U aJ f “ f =\u f UJ'@ e f = e_J D > a6Y C @Za< D >O< 9
7 R› %f " " „+ 5‰}.(5‹ '-(5‹ (f*,O- (+1- 1n% " )O " ^ e s M eO='< fdh J'@ e § f =\J\@)| s e_= D > aiJ e a s @ f Y ` a6U ` B D U J'@ e= e> e_UJ C a<oLJ B{@ a Q e@ eOY ` DsC f =\J aU:J s a6U aicie s eOU:J
C f < D J D f Uc< 9 h `as f U `0m]9 8 eO= cKe_=
D“ a>< e_Y eO>PJ e ` J[“ D > eXJ f J'@ e q
DRQ5D < D f U fih `ba6=\J D >PY eO>< a6U ` j D e_Y ` <2h{v eO>_eaJ DRQ e d fs ™
sD JoJ e e 9€t e< eO= Q e ` a< D J'< d @ a D = D U ©K© k a6U ` “ a:<ŠJ'@ e f = c a6U D eO= fih J\@ e O©:i© kT U f “ s a:<\< T e ss e_= T J'e ` Z f U
`ba6=\J D >PY e `H@5Za< D >_< 9it e‘D“ a< a s e s M e_= fdh J\@ e £NT t
D c:@ hHU eO= c:I
Z `]@Za< D >O<€| `$QD < f ='IZ `ba6U e_Y C t h ` | `]F a6U ` fih
`H@5Za< D >_< `H= f c:= a s | `$QD < f ='Z `baU e_Y’< anJ!j e_= sD Y a6M a6U ` anJ!8r= f f u5@ a Q e_U § a6J D f U aY m a6M f = anJ f ='Z 9 t e@ a<@ eOY `
>?@ a D = s aUc<o@ DC < fdh < e Q e_= a6Yf> fssD JoJ e eO< D U‘J\@ eE| s eO= D > aU `H@5Za< D > a6Y T f > D e_J[Z a6U ` anJŠ|x= c f UcU e § a6J D f U aY m a6M f = an™
J f ='Z 9HT J e Q e z fa` h = e_Z!D“ a< a s e s M eO= fih J\@ e – Uc<oJ D J\e$J e fdh `ba=oJ D >_Y e
`H@5Za< D >_< d f e$Uc> D Y B a6UBe s M$= e_YRY a f = cKaU D anJ D f U
h f = C a=oJ D >_Y e C @Za< D >O< D U d a6U a ` aa6U ` @ a:V< a>PJ e ` a:<Š>?@ a D = fih J'@ e `aDRQ5D < D f U fdh{C a6=\J D >PY e C @5Za< D >_< fih J\@ e d aU a `$D aU
|
<'< f > D anJ D f U fihkC @5Za< D > D <oJ'< 9‘t e!D“ ag< a s e s M eO= fdh J\@ eJ'@ e f =\Z0<\e$M> f:ssD JoJ e e fdh J\@ e §NT h ;Šd C d aU a ` aSF VcQ e
iZ e a=F= e Q5D eO“ fih <\e$M a6J f:sD > C @5Za< D >O< D U d aU a ` a 9Bt e‘@ a:<€>?@ a D = e ` < e Q eO= aY D UJ eO=\U anJ D f U a6Y]> f U h eO= eOUc> e< anJ d a=o™
Y e_J f U £ U DRQ e_=?< D J[Z a6U `D <
>_e$='= eOU:J'YZ f UJ'@ e f = c a6U D _D U c!> f:ssD JoJ e e fdh J\@ e dkKkS!T e ss e_= § ec>_Y e a6= – Uc<[J D J'eaJ e anJ
A ;Š–[£ ^ j B+J\@ e a6U$U5e aY<\e ss eO=N<'>?@ f f Y D U0<\e$M a6J fsD > C @5Za< D >_<
@ e_Y ` anJEA ;Š–[£ ^ j e Q e_='Z<\e ss e_= 9xt e€@ a:<
< anJ
f UiU5e s e_= f ec<N> f:ssD JoJ e eO
< anJ d a6='Y e_J f U £ U DQ e_=?< D J[Z D Uc>_Ye `aD U c‘J\@ eXe$U DRQ eO='< D J[Z T eOU anJ e 9xš a D a `ba C a `$DsD J\= D f e D <
a6U e_v C e_= DRs eOUJ e_=k“ D J'@!J\@ eEj § | m drq j > f YY a6M f = anJ D f U 9T @ e
@ a:<]“ f ='iu e F` f U g e a6='u f U D e s C @5Za< D >O< h f =kJ\@ e C a:<[J
iZ e a6=?< 9T @ e!@ a:<FM e e_U J'@ e C = D U+> DRC a6RY aeaJ\@ f = fih J'@ e< D c:U DWV > a6UJ drq j C e$M$Y D > anJ D f U+< D U J'@ D <€= eO< e a6=?>?@ V e_Y ` 9
^ e s M eO='< fih J\@ e § f =\J\@ | s eO= D > aJ e a s @ a Q e s aUZiZ e a6=?< fih ePv C eO= D e_U+> e D U J\@ e f = c a6U D a6J D f U fdh Y a= cKeP™—<\> a6Y e
“ f =\ua<\@ fC a>KJ DQ5D J D eO< 9
7 R› %$ƒ " " „+ 5‰}.(5‹ '-(5‹ (f*,O- "až" O " 8 9 q+9 ` aMc<\Y eOZ D < a h f ecU `aD U c> f ™—> f U Q e_U eO= fdh >?@ a= s <oJ\e `aD eO< anJJ\@ e8 e_YRY e@ePv C e_= Ds e_UQJ B{“ D J'@ fnQ eO='< D c@J fdh a
“ DR` eF= a6U cie fih e_v C eO= DRs e_UJ aY aU a6YRZa< D < D U+>PYRe `aD U c‘<[J'e `aD eO< fih > f UJ D U5e$e s C = fa` ec>PJ D f U fdh >?@ a6= s f U D a 9 |
<,“ e_YR9Y a<
= e C = e< eOUJ D U cEJ\@ ex8 e_YRY ex> f YRY a6M f = anJ D f U f U>?@ a= s B:>?@ a6= s f U D e s ™ = e_Y anJ e ` BdaU ` <[J anJ D <oJ D > a6Y D <'<oe e< B:@ e D < f U e fih J'@ e
iu e_Z f = c a6U D eO='< fdhC @5Za< D >_D< a6U a6YRZ5< D < h f =,J\@ eF> f YY a6M f = anJ D f MU B a6U ` a>PJ DRQ eganVJ a6YRY Y e Q eOYR< D UJ'@ e2“Š= D J D U c a6U ` = e Q5D eO“
fdh 8 eOYY eGD <,U5e s e_= f ec< C ecM$Y D > a6J D f Uc< 9
`badcKe w6GFfih4jKk
ww
U  x  X A,@ e C = fC f < e ` U ePJ[“ f '= u!“ D YRYy
-
7 1 * 7 a3 ( 1 7 9 %( ( a-0/2; /Y- a3 (M/ Y3- Y3( 1 7 9U( a; Y; ; U( (M(
O(./Y( _- 9 9 Y/ 7:-143 (.*
?
;
A,@ e_= e a= e s a6U5Z C f <\< D McY ea C$C = f a>?@ e<ŠJ f J\@ e<oJ\e ` Z fdh @ e a Q Z g e a6='u f U D a a:<
“ e@ a Q eM e e_U `$D <'>Pec<'< D U c D UIa6YRY
J\@ e C = e Q5D f ec< C a6=\J fih J'@ D < C = fC f < a6Y 9 A,@ eN<\> D eOU:J DWV >x> f:ss e$U D J[Z@ a<{M e c:e$U!J f = eO> f c:U D e,J\@ a6J h e$=\J\@ eO= C = f c:= e<\<
D UJ'@ D < V eOY ` “ D YY.= e g e D = e2J f ePv C Y fD JxJ\@ e> f:sC Y e s eOUJ a6= D J[Z fdh J'@ eO< eYa CcC = f a>?@ e<B D U C a=oJ D >_e$Y a=x“Š@ eO= eYa!< a s e
= e<oe$YJ s a3Z‘M e f MaJ a D U e `D U ` e C e_U ` e_UJ\YRZM5Z `aD N e_= e_UJ a C$C = f a>?@ e< 9
|
< aJ[Z C$D > a6bY e_v a sC Y eGB aYWJ e_='U anJ DQ e e_v C eO= DRs e_UJ aY-a C$C = f a:>?@ eO<
a6= eU f J e Q eOU C ec='<\e e ` e$U$Y eO<'<2J'@ e D = C = eO> D ™
< D f U e_va> e e ` C = e Q5D f ec< s e a:<oec= e s eOUJ'<Oy f U$YZ M5Z = e> f c:U D
_D U cJ\@ e DsC f =\J aUc> e fdh >P= f <'<[™—>?@ e>?u D U c2B}J f e$Uc> fnQ e_=
<oZa<oJ e s a6J D >NM D a:< e<,“ D J'@ D U e a>?@ a C$C = f a:>?M@ Ba<oe+>?@ s e a:<oec= e s eOUJ'<,“ D YY M e C eO= h f = s e ` 9
|xU D U h f = s a6Y C = f:C f < aY J f eO<oJ aM$Y D <\@ a‘“ f ='u D U c c:= f e C a s f U c D UJ eO= e<[J e `C @5Za< D > D <oJN@ a ` a6U fnQ e_='“Š@ e_Y sD U c
“ a= s a6U ` Mc= f a ` “ e_Y’> fs e h = fs s f <oJ fdh J'@ eX= eO< e a='>?@ e_=?< D UJ'@ e V e_Y ` 9 A,@ D <xU e_J[“ f =\u C = f c:= a s s anJ'>?@ eO<ŠJ'@ e
C h f = aJ D c@J eO=N<'> D e_UJ DV >
ePv C e>KJ anJ D f U+V< ePv C = eO<'< e `D U J\@ e d h ;x§ “ f ='ua<o@ fC fdh J\@ e g e a6='u f U D e s “ f ='u D U c c:= f e > f fC e_= anJ D f @U a6U ` <oJ\e ` e_UVJ ePv$>?@ aU cie C = f c:= a s9
Y/ 7 ; ( ( 9U(M/2; ( a(M/4* 7:/ - a(M/ ; 7 %7
4
Y3(M7 /Y( Y;%1 ;%- * - 1 7 7 - Y3 ( - Y;<1 - P/Y- (
4
4
hRa>?@ fdh J'@ e s aUZe_v D <oJ D U c a C$C = f a:>?@ eO<HJ fg e a=\u f U D e s C @5Za< D >_<k@ a:<kM e eOU ` e Q eOY f:C$D U cX@ D < f “ŠU s anJ\@ e s anJ D > a6Y
h f = s aY D < s M$eaJ a6Y’< f a V eOY ` ™ˆ< C e> DV > I a6= c f U 9 A,@ D <= e C = eO< e_UJ?< f U eJ'@ e V ='<oJ f Mc<oJ a:>PY eO<Fe_Uc> f e$UJ eO= e ` M5Z U f U
Pe v C eO=oJ?< D Ue a:>?@ V eOY ` B D U C = DRsD <rZ f e$U c= eO< e a6=?>?@ eO='<]M$eaJVa6Y’< f ePv C e_= D eOUc> e ` e_v C e_= DRs eOUJ a6Y D <[J?< f =kJ'@ e f = D <oJ'< h = f:s
f J\@ e_= V eOY ` < 9 | > f:ssf UXJ e_= sD U f Y f cZ a6U ` aEe$U DWV e `s a6J\@ e s anJ D > aY h f = s a6Y D < s “ D YY$@ e_Y C J Ds eOYZ `aD <'< e sD U anJ D f U
fdh u5U f “ŠY e ` cK€e J f aYY D U Q eO<oJ D cKa6J f ='< D U0J\@ e V eOY `Ifdh @ e a Q Z g e a6='u f U D a4B aU ` “ D YY{M e fdh J'@ eeaJ sf <[J DsC f =\J aUc> e
D UJ\@ Fe J\= a D U D U c fdh Z f ecU c= e< e a6=?>?@ e_=?<B C = fnQ5DR`aD U cJ\@ e s “ D J\@ aM$= f a ` e_= aU `s f = e2e C ™J f ™ ` anJ eFM a>?u c= f ecU ` fih
uU f “ŠY e ` cie 9
1 * a- <;%* 36- * a- E( E7 - ( ;E/47 ( a7 * 3- /Y(( 9U(M/ Y;%*S( - ( ( %7:9 ( ; (.- *
t e a Q Z g e a=\u f U D a
a6= eVa Q e_='ZX< C e> D a6Y D e `V eOY ` fdh @ D c@ eOU e_= cZ C @Za< D >O<B“Š@ D >?@ D < h e$=\J\@ eO= D UJ e_='U aYYRZX<\e$M `$DQ5D’` e `
M e> a6e+< e fih J'@ e `aD N e_= e_UJ C f <\< D M$Y e-a C$C = f a:>?@ eO<ec< e `}9; eO< e a='>?@
c= f e C < a6= eJ[Z C$D > a6YRYZE< s aYY B aU ` J\@ ek> f fC e_= anJ D f U
M e_J[“ e e_U c:= f e C < f = D U `aDRQ5DR` e a6Y’< D <kM a< e `!sf = e f =]Y eO<'< f U C e_=?< f U a6Y D U D J D anJ DQ ey4e Q e_U e_v C eO= DRs e_UJ aY D <[J?<H“ f ='u D U c
6
6
U@ e a Q Z g e a=\u f U D aYaU a6YRZa< D < D UY a6= cie_=De_v C e_= DRs eOUJ'<rJ eOU ` J fh f = s < s a6YRY}<oecMa™ c:= f e C < 9
A,@ eU ePJ[“ f ='u“ D YRY D U QKf Y Q e s f <[J fih J\@ e!“ f =\Y ` e_v C e_=\J'< D UJ\@ D < V e_Y ` yEJ\@ D <F“ D YRY C = fnQ5D’` eJ\@ e!M eO<oJ C f <\< D McY e
J\= a D U D U ceOU QD = f U s e_UJ h f =FZ f e$U c= eO< e a6=?>?@ eO='< D UJ\@ D < V eOY `}9– J€“ D YRY-a6Y’< f@h f <oJ eO= a s eaJ\e a6YbePv$>?@ aU cieM ePJ[“ e e_U
`aD N e_= e_UJ a C$C = f a>?@ eOL< B>_= e anJ D U c a h e_=\J D Y e c:= f e$U ` h f =,J\@ e ` e Q e_Y fC$s e_UJ fdh U eO“ D’` e a:< 9
f
! ; * a- %( 1 7 7 9U(M/Y- Y;E7 6- ( 9U(M/4; ( a- %;<*
6
; O7 / - Y;%7 ( 143- :( %; * U( (.( Y3(M7 /4;%*
4
?
6
LNU e fdh J'@ e€<'> D e_UJ DV >
c f a6Y’< fih J'@ D <,U ePJ[“ f ='u D <rJ f` e Q5D < e a<[J'= a6J e c:Z h f = C = eO> D < D f U‘J eO<oJ fdh p drq”D UJ\@ e V eOY `fih
@ e a Q Z g e a6='u f U D a 9k– U a< eOUc< e€J\@ D < D < a> fsC Y ePJ e_YRZBU e_“[a CcC = f a>?@J f J\@ e<[J'e ` Z fdh p drq B h f =
M f J\@J'@ e f = D <oJ'<
`badcKe w:w fih4jKk
wdj
a6U ` Pe v C e_= Ds eOU:J a6Y D <oJŠ“Š@ f @ a Q e2< fFh a= ` e aYWJ sf <[J'YZ‘“ D J\@i> fsC a6= D < f Uc<kJ f < DRsC Y DWV e ` p drq ™ D U+< C$D = e `Bs fa` eOYR< 9
A,@ eU ePJ[“ f ='u “ D YRY C = fnQ5DR` e a6U e_U Q5D = f U s eOUJ D’` e_UJ D h Z J\@ eY a6= cieO<oJ C f <\< D McY ei< ePJ fdh ePv C eO= DRs e_UJ aYYRZ h e a:< D ™
M$Y e s e a<\e$= e s e_UJ'< h f =X“Š@ D >?@TaJ eO>?@$U D > aYYRZ = eOY D a6M$Y e C = eO> D < e C = e `aD >KJ D f U > f ecY ` M e s a ` e,Bba6U ` J f e Q e_UJ\e aYYRZ
> f f = `aD U na J ega U ` h f >_ec<,J'@ e f = e_J D > a6Y aU ` ePv C eO= DRs e_UJ aY e
N f =\J'< f UJ'@ anJ 9
( 4/ 7 7 a( - 1 7 7:9U(./Y- a; ( - Y; ( U( (.( ( 9U(M/4; ( a- %;<* a* 7:/ ; 7 ;
O(./Y( %- U7 /Y- 7 4/ ;E(.* - 67 a( ; 1 7 9U( Y; ( 9U(M/2; ( Y*2$
A,@ e_= e D < f U$YRZaB< s a6YRY.U5e s M eO= fihk` e `$D > anJ e ` e_v C e_= DRs eOUJ'< D U0J\@ D < V e_Y ` 9 ^ f <[J fdh J'@ e= eO< e a='>?@ D < C eO= h f = s e `
“ D J'@ D UY a= cKe_=9e_v C eO= DRs e_UJ'<L3B “Š@ e_= eHJ'@ er<oJ\e ` Z fdh @ e a Q Z g e a6='u f U D a D < f U$YRZga C a=oJ fdh a s ec>?@€“ D’` e_=0ePv C e_= Ds e_UJ a6Y
C = f c= a s9 A,“ f>fih J'@ e,Y a= cKeO<oJ0ePv C e_= Ds eOU:J a6Y C a=oJ D >_Y e V e_Y ` > f YRY a6M f = anJ D f U+<]C8 a:8Da6=4a6U ` 8 e_YRY eAF@ a Q e aE< f>h a=U f J
h e$YYRZePv C Y f = e `C f <\< D M D Y D J[Z‘J f > f UJ'= D M$eaJ e2J f J'@ e V eOY ` fih @ e a Q Z g e a6='u f U D a 9 h Q e_U D h @ e a Q Z g e a=\u f U D a a6= eFU f J
f U e fih J'@ e C = Ds a6='Z0<'> D e_UJ DV >c f a6Y’< fdh J\@ e< e e_v C eO= DRs e_UJ'<LB M f J'@Ta6YR= e a ` Zi@ a Q e a> g e D = e ` a6U e$U C = eO> e ` eOUJ e `
a sf e$UJ fdh2` anJ a0“Š@ D >?@ > f e$Y ` C = fnQ5DR` e D U)< fs ei> a:< eePv5J\= e s eOYZ C = eO> D < e s e a<\e$= e s e_UJ D h a6U aYZ e ` J f J\@ D <
>
"
4 ?
6
C e$= C f < e 9
A,@ e
U e_J[“ f =\u“ D YRY C = fsf J eŠJ\@ D < c f aYcM5Z anJ\J\= a>KJ D U c c= a ` e anJ ex<oJ\e ` e_UJ'< f = C f <[J ` f >_<HJ f “ f =\u D U‘J\@ D < V e_Y ` B
f = cKa6U D OD U c“ f =\ua<\@ fC < aU `Bs f = e D UcKe_U eO= aY `aD <'< e sD U anJ D U c D U h f = s anJ D f U f UBJ\@ e2J\@ e f = ePJ D > aY D UJ eO= e<[J h f =x<oec>?@
s e a<\e$= e s e_UJ'L< B+J\@5ec
< e_Uc> f e$= adc D U c‘Y a= cKe_=Ve_v C eO= DRs e_UJ'<NJ f` e `$D > anJ e sf = e e
N f =\JEJ f J'@ e s9 A,@ eU e_J[“ f =\u a6Y’< f
a DRs >< anJ sD J D cKa6J D U c!J\@ e D U h f = s anJ D f U$™ e_va>?@ a6U cKeNM a=\= D e_= a s f U c ePv C e_= Ds eOU:J a6Y C @5Z5< D > D <[J?<B+“ D J'@ f eaJ D UJ e_= h e_= D U c
“ D J'@FJ\@ e]=\e$Y eO<.< e_JM5Z e a>?@ ePv C e_= Ds eOU:QJ BO= e g e D = D U cŠU e_“ = e<oecYWJ?<}U f J}J f M ek<\@ f “ŠU f = `$D <'>Pec<'< e ` “ D J\@ f eaJ0a CcC = fnQ aY 9
A,@ e_= e D < a‘J eOU ` e_U+>PZJ f ePv5J eOU ` J'@ D <2> f U V+` e_UJ D a6:Y anJoJ D J'e ` eJ f J\@ e s f <oJ D U:J Ds a6J eJ eO>?@cU D > a6Y4a6U ` a6U aYZa< D <
` ePJ a D YR
< e Q e_BU a h J eO= a I f e$=\U a6Y C e$M$Y D > anJ D f U 9 A,@ eFe<[J a6M$Y D <\@ s e_UJ fdh aU e_J[“ f =\u“ D YY h f ='> eXJ f = eO> f Uc< DR` e_=E= e> e_UJ
ePv C eO= DRs e_UJ aYc= eO<\e$YJ'<HecU ` e_= a [J e a:>?@ D U c anJoJ D J'e ` e “Š@ e_= eŠJ eO>?@$U D > aY aU ` a6U aYZa< D < ` ePJ a D YR< C Y a3
Z a h e$U ` a s e_UJ a6Y
= f Y e 9 A,@ e c f a6Y fihcC = eO> D < e_YRZ
J eO<oJ= e_Y D a6M$Y e,p drq)C = e `aD >KJ D f Uc<.“ D YRY a6Y’< f <[J Ds e$Y a6J e s f = e ePv C e_= D eOUc> e ` = eO< e a6=?>?@ e<J f
`aD <'>Pe+<\<rJ'@ e€> f:ss f U<\Za<[J e s anJ D > e_='= f =?< D UJ\@ e D = s e a:<oec= e s eOUJ'< D U:J'= fa` e+> e ` M5Z!J\@ e ePv C eO= DRs e_UJ aYJ e>?@$U D’g e eO<
a6U ` a6U a6YRZ5< D <<oJ\= anJ e c:Z 9 A,@ eiU e_J[“ f =\u “ D YRYx@ e_Y C D U KQ f Y Q eBJ\@ e f = D <oJ'<“Š@ f > a6U > f U:J'= D M$eaJ e“Š@ e_U D JB> f:s e<J f
D U Q e<[J D c anJ e
J'@ e s f5` e_Y™ ` e C eOU ` eOU:J
<\Za<[J e s anJ D >O< 9
3 - /Y( Y3 (#( 9U(M/ Y;%*S( _ ; Y3 ; /Y7:9U(M- /Y(.*S(M- /4143 (M/4* ; 7 ( ; 1 7 E- U7:/Y- Y;E7 *
7 Y* ; ( ^ f <oJ fih J\@ e>Pe$='= eOUJYePv C e_= Ds e_UJ a6Y]= eO< e a='>?@ D U J\@ D < V eOY ` D <M e D U c > a=\= D e `Bf U D U £NT |B « a C a6U ; ec<\< D a a6U `
d @ D U a 9 ^ a6U5Z!= eO< e a='>?@ eO='< h = f:s h £ > f U:J'= D M$eaJ eE< D cU DV > aUJ\YRZJ f J\@ f < e
ePv C e_= Ds e_UJ a6Y a>PJ DRQD J D eO<LaB M$eaJx<'> D e_UJ DV >
> f UJ a>KJ?< a6= e sf <[J'YZBY D U$uie ` J f e a:>?@ ePv C e_= Ds eOU:JQD < a>KJ DQ5D J[Z 9
A,@ eŠU ePJ[“ f ='uF“ D YY e<[J a6M$Y D <o@ aEM$= f a ` e_={> f U:J a>PJRa6U ` ePv$>?@ aU cie fdh u5U f “ŠY e ` cKe a s f U c a6YRY D U QKf Y Q e `€C @5Za< D > D <oJ'<
h = f:s h £ B a6U ` J\@ e C a6=\J D > DRC a6J D f U fihsf <[J fdh J\@ e ePv C eO= D e_U+> e ` = eO< e a6=?>?@ e< D UJ\@ D < V eOY `@h = fsŽ£ET |B « a C a6U a6U `
d D D s D D g D fih
f f
D
Q 9
f
D C fnQ5DR`
@ U a “ YY a UJ a U J\@ e e 6a Y J[Z J\@ e U ePJ[“
ePv$> eOYY e_UJJ\= a D U D U c0J f Z f e$U c h £ŽC @5Za< D > D <oJ'<“Š@
C = f c = a s C Y 6a UcU e ` h f =,J'@ eFU ePv5J ` e > a ` e D Uih £X9
='u J J'@ e @ c:@ eO<oJBY e e_Y’< A,@ eU e_J[“ =\u “ YY = eIa6U
D >?@ “ D YYŠM eBU eO> e<\< a6='Z J f > a=\='Z f U J'@ ea s M D J D f ec<= e< e a6=?>?@
`badcKe iw jYfih4jKk
w:~
i  A,@ e C = fC f < e ` U ePJ[“ f ='u “ D YY DsC = fnQ eJ'@ e0<'> D e_UJ DV > D UJ e c:= a6J D f U fdh J\@ e hHe$= fC e aUNa= e a M f J\@ anJ!J'@ e Y e Q e_Y
fdh2C = e< eOUJ s e s M eO=<oJ anJ eO< aU ` “ D J\@ > a6U `aD’` a6J ei<[J anJ eO< 9)– U C a=oJ D >_e$Y a6=J\@ e C = e< eOUc> e fdh U ePJ[“ f ='u U fa` e< D U
` f Y a6U ` aU `T Y fnQ e_U D a‘“ D YY@ eOY C <oJ\='ec>KJ'e$= ea6U `0` e Q e_Y fC = e< e a6=?>?@ fdh J'@ eO< e> a6U `aDR` anJ e> f e$UJ\= D e< h f =EJ\@ e D = h e$YRY
C 6a =\J D > DRC anJ D f U D UJ f hHe$= fC e aU ; eO< e a='>?@ 9 LNU J\@ eXJ\= a D U D U c< D’` e,Bf<oJ\e ` e_UJ'<
a6U ` Z f e$U c‘= e< e a6=?>?@ e_=?< h = f:s J\@ e< e
> f ecU:J'= D eO<
“ D YRY@ a Q eFJ'@ e fC$C f =\J\e$U D J[Z fdhHsf M D Y D J[ZJ f “ a= ` J'@ e £ U DQ e_=?< D J D eO<
a6U ` = e< e a6=?>?@i> e_UJ e_=?< fdhHs e s M e_=
<[J na J e <BJ'@e+<}“ D’` e_U D U c
J\@ e D =.uU f “ŠY e ` cie-aU ` a6YRY f “ D U c h f =Y f U cŠJ e_= s <'> D e_UJ DWV >k> f YY a6M f = anJ D f Uc<fJ f M eRe<[J a6M$Y D <o@ e ` 9
j$= f s a “ D’` _e = C e_=?< C eO>PJ DRQ e,B5J\@ eO= eF“ D YY M eFu5U f “,™ˆ@ f “ J\= a6U+< h eO=Va6U ` > f fC e_= anJ D f U“ D J\@ £NT | a6U `« a C aUMB a<
“ Oe YY a < 6a U e s Oe = c D U c€> f ecU:J'=\ZC d @ D U aSF 9 A,@ D <k“ D YRY+@ e_Y C‘C = fsf J eŠJ\@ e
anJ\J\= a>KJ DQ e_U e<\< fdh hHec= f:C e h f =k= eO< e a='>?@ e_=?<
6a U ` J\@ !e Y D U$uiJ\@ na JF“ D YRYHM eOe <oJ 6a McY D <o@ e ` J\@$= f e c:@0J'@ eU ePJ[“ f ='ui“ D YY{@ a Q eXJ'@ e!Y f U cBJ eO= s e
N eO>KJ fih <oJ\='ec>KJ'e$= D U c
= e < e 6a =?>?@ D U f e$= V _e Y ` f U a “ f =\Y ` ™ˆ“ DR` e
M a< D < 9 |rJ C = e< eOU:JDa6YRYcJ'@ e s a D U@ePv C e_= Ds e_UJ a6Y C = f c= a s < D U‘J'@ e V e_Y ` fih
g e 6a ='u f U D aF6a = e M :a < e `‘D UJ'@ e £NT | 9 A,@ 2e < D J\e 6a J D f U“ D YRY}>?@ a U ciNe = a `aD > a6YRYZ D UJ'@ e2U ePv5J h e_“Zie a6=?<]“ D J\@BJ\@ eF<oJ a=oJ
fdh J\@ e m 6a = cie t a ` = f U d f YRY DR` Oe = C = f :c = a s na J d h ;x§ C J'@ e h]e$= f C e a6U d e_UJ e_= h f = § ec>_Y e a6= ; eO< e a='>?@2F 9kt f “ e Q e_=
“ !e @ a Q e J f a >PJ€U f “ a U ` M$e D Y ` a U _e J[“ f =\u fdh > f ssf U = Oe < e a ='>?@Ba >KJ DQ5D J[Z D h h]e$= f C e “D6a UJ?<2J if C = 6f V J fih J'@ e
f D U+>PYRe ` e
ePv C Oe =oJ D < e 6a U ` = e <oe$YJ'<ŠJ\@ 6a Jx“ Oe = e f MaJ a D U e ` 6a U ` J 6a ui2e Y e a ` _e =?<o@ DCD UJ\@ D < V Oe Y `}9 A,@ Fe U Pe J[“ f ='u‘“ D YRY0a YR< J\@ e 0a = Oe < e a ='>?@ J e a sh = :f s d h ;x§ h f = h e$=oJ'@ _e =“ D’` _e U D U c D J'<a DRs fd
h D UJ Oe =\U 6a J D f U a Yk= Oe < e a ='>?@ a U ` M ena JXJ'@ e
> _e UJ _e = fdh J\@ e g e 6a ='u f U D e s C @Za< D >O< a >PJ DRQD J[Z D UJ\@ €e h]e$= :f C e 6a U ; Oe < e a ='>?@6a = e a D UJ\@ Fe U Pe v5J h _e “ Zie 6a =?< 9
A,@ Xe <oJ\e `aD Oe <xJ\@ 6a JN“ D YY.M e > a =\= D e ` f eaJ D UJ\@ Xe U _e J[“ f =\u B$M f J'@ na JxJ'@ Fe J'@ e f = _e J D > 6a Y:6a U ` 6a JxJ\@ e Pe v C _e = Ds _e UJ 6a Y
Y e Q _e Y B]“ D YRY C Y 3a ZTa uiOe Z = f Y e D U a ` e e C Oe =!e$U ` Oe ='<oJ a U `aD U c fdEh g e a =\u f U D e s C @5Za< D >_<a U ` @ e a Q Z D f U)> f YRY D < D f U+< 9
hHe$= f C e @ a < a Y“D3a Za< C Y 3a ZKe ` a Y e a `aD U c = f Y e D U)J\@ D < V Oe Y ` 6a U ` D U)J\@ e C a <oJ h e$U ` a s Oe UJ 6a Y
= e <oe$YJ'<‘@ a Q e M e _e U
a >?@ D e Q e ` 9 A,@ 2e U _e J[“ f =\u‘“ D YRY}> f UJ D U5e €e > f Uc< f Y DR` na J D U c <oe+>?@a Y e a ` _e =?<o@ DRCD UJ\@ e h eaJ\e$= e 9
LNUJ'@ ‘e J'= a D U D U c < D’` Ge BJ\@ ‘e U Pe J[“ f ='u “ D YY f N _e =XZ f ecU c <\> D Oe UJ D <[J?< 6a U ` <oJ\e ` _e UJ'<€J\@ e f C$C f =\J\ecU D J[Z0J f “ f ='u
D U f U e fdhbf e$=ŠJ e a s <LBc“ D J\@ C a =oJ fih J'@ e h ecU `aD U c ` e Qif J e ` J f J\@ e s f M D Y D J[Z fih J'@ €e Z f e$U ‘c <'> D _e UJ D <oJ'<
“ D J'@ D UJ'@ e
U Pe J[“ f ='u0U af ` e <BJ'@e+<Y6a YRY f “ D U c a “ DR` Oe =Y_e v C _e = D _e Uc> e fdŠh D U:J _e ='U na J D f U 6a YkY e Q Oe YH= e < e 6a =?>?@ 9 ^ 6a U5Z fdh J\@ Be U Pe J[“ f ='u
U af ` Oe < f N _e = 0a J\= a D U D U c M f J'@ 6a JJ'@ e Pe v C _e = Ds _e UJ 6a Y 6a U ` na JJ\@ e J'@ e f = _e J D > 6a YrY e Q Oe Y B]J\@5ec<6a YRY f “ D U 0c J\@ e Z f e$U c
= e < e 6a =?>?@ _e =?<HJ f Y e 6a ='Ua U `` e Q _e Y f Cs5f ` _e Y’<V6a U ` > f sC 6a = Ne J\@ e s “ D J\@ ` 6a J a `aD = e >KJ'YZ 9 A,@ D < ` f e$McY e _e v C _e = DRs Oe UJo™
J\@ e f ='Z J\= a D U D U c D < a Q _e ='Z “ Oe YR> f s e f U e h f = a Z f ecU c <'> D _e UJ D <oJLBk“Š@ D >?@ <\e$= Oe YZ D Uc>_= e a < Oe <@ _e = 3@ D <<ou D YY’<6a U `
g e 6a Y DWV > na J D f Uc< 9
d f Uc> _e ='U D U c ci_e U ` _e = D <'<oe Oe <LB:“ e @ a Q e C = f sf J e ` J'@ e C a =oJ D > DC na J D f U fih “ :f s _e U 6a U ` J\@ e D = D U QKf Y Q e s Oe UJ D U!J'@ e
` Oe > D < D f U s 6a u D U c 6a U ` J'@ Be <'> D _e UJ DV > C = f c = a sXfih J'@ e C = f C f < e ` U _e J[“ f =\u)C d f f = `aD U na J f =QB d f U Q _e U Oe ='<LB 99R9 F 9B‚ e
“ D YRY]> f UJ D Ue e J f > f U:J'= D M$eaJ e J f J\@ e :a >?@ D e Q e s _e UJ fdh cK_e U ` _e =FM a Y a Uc> e D U = Oe < e a ='>?@ D U f ec=FU Pe J[“ f ='u 6a U ` e Q _e ='Z
J DRs Fe “ 2e “ D YRY}@ a Q Ee J\@ e :f C$C f =oJ'e$U D J[Z!J !f ` f < cf 9
`badcKe
w~
fih4jKk
w6 0A aM$Y e G <\e ss a6= D eO<FJ'@ e h ecU ` <= e g e eO<oJ e ` D U e_e$= f M5Z e a>?@ J e a s C ePv$>PYRe `aD U cJ\@ e@ePv C e_Uc< eO<= eOY a6J e ` J f J'@ e
= e>P='e D J s e_UJ fih e a=\YRZ<oJ aicie aU ` e_v C eO= D e_Uc> e ` = eO< e a='>?@ e_=?<OF“Š@ D >?@ a s f e$UJLB:J f ciePJ'@ e_=r“ D J\@@a k [fih9fnQ eO=\@ e a ` <
J\@ a6J D J D <rU f Jx<o@ f “ŠU D UBJ\@ eNJ a6M$Y eGBJ f a V c:e$= e
e g e aY f =,Y e<\<kJ fSw fdh J\@ eEJ f J aY U ePJ[“ f ='uM$e ` cKePJ 9 A,@ e h e$U ` <
D UiA:a6M$Y e G a= e2Y D <oJ e ` e$U ` eO=,J\@ e h f YY f “ D U c@ e a `$D U c<_y
œ(+‡OO‡r(+*.?‹X(+1‰ 5O.„f‡ (f.*ˆ1n5.:‡ c‡3-.(}( # ‡r*ˆ(c1N " 1 # & '‡O " „fF1n5‡O " 1n3-:1n‡ c‡:(+… 5O‡
aM f eaJ $9lw fdh J f J aY.M$e ` cie_LJ B `aDRQD’` e `iD UJ f J e a s < a C$C = f v Ds a6J e_YRZ D U J'@ e C = f ™ = anJ D f fihHC eO='< f U sf U:J'@c<
f N eO= e ` J f J'@ eFU e_J[“ f =\u a:>KJ DRQ5D J[Z C“ D J\@ a iS k C = e sD e s a CcC Y D e ` J f J'@ e€> aU `aD’` anJ eF> f ecU:J'= D eOP< F 9
!1n„ " " O(+ " … ž# 5 " %(f(f*O- ž 1n(456 @a6M f e$J a9lw Xfdh J f J aY]M$e ` ciePQJ B `aDQ5D’` e ` D UJ f
J e a s < a C$C = f v DRs a6J eOYZ D U‘J\@ e C = f ™ˆ= a6J D f fdh}C e_=?< f U s f UJ\@+< f N eO= e ` J f J\@ eEU e_J[“ f =\u a>PJ DRQD J[HZ C“ D J\@ a iS k C = e sD e s h f =ŠJ\@ eF> a6U `aD’` a6J e€> f e$UJ\= D eO< F 9
œ " " „f 5 G fih J'@ e2J f J a6Y Mce ` cie_J 9
-.1!?& ž (+*Š ž 5‡O5‡ V§ f U e 9
Œf13- " …‡ k fdh J f J a6Y Mce ` cie_LJ B e g e a6Y h f = e a>?@BJ e a s CU f JŠ<\@ f “ŠU D UJ f J\@ e2J a6M$Y eQF
0A e a s
= e< e a6=?>?@
= eO< e a='>?@ s a6U aicie s eOUJ f J'@ e_=
e_v C e_U+< eU< C%| F ePv C e_Uc< eOU< C8 F
9
– J a6YRZ
~dw kKkik
kKkikik
ikikikKk
k
a9 z eO= s a6U5Z –
~dw kKkik
kKkikik
kikikKk
k
S$9 z e_= s a6U5Z –\–
w:dw kKkik
~6iw kik
kikikKk
k
Gc9 £ U D J e `i¤2D U c ` fs
KS kikKkik
KG kKkik
kikikKk
k
wa9
T5C a D U –
G kikKkik
wiw kik
kikikKk
k
j$9
T5C a D U –\–
G kikKkik
wiw kik
kikikKk
k
~59 j$= a6Uc> eP™—8 eOY c D e s
G5dw kKkik
jikKkik
kikikKk
k
$9
d h ;x§
G kikKkik
wiw kik
kikikKk
k
©$9 ` f Y a6U ` ™ T Y fnQ eOU D a
jKkikKkik
i kKkik
kikikKk
k
k$9
d @ DU a
G kikKkik
wiw kik
kikikKk
k
i9 V§ f =oJ'@| s e_= D > a
k
k
k
k
a9
« a C a6U
k
k
k
k
iw kikikKkik
j~dw kik
i kikKkik
k
A f J a6Y
` h e$U ` D< a6YRY f > a6J D f U!J f J'@ e
J e a s K< C J'@ e
0A aM$Y e G y – U `aD > a6J DRQ e V U a6U+> D a6Y D U h f = s a6J D f U f U!J\@ e C Y a6U$U e ` e_v C e_U+< e< aU ePv C eOUc< eO< a<'< f > D a6J e ` “ D J\@J\@ e a C$C fD UJ s e_UJ fdh e a=\YRZ™ˆ<oJ aicie>aU ` ePv C eO= D e_U+> e ` = eO< e a='>?@ eO='< a6= e2U f J D Uc>PYRe ` e ` F
6
6
6
{ { X 0 U A,@ e C = e< eOUJ C = f:C f < aY D <2U f J2M a< e `If U U ePJ[“ f ='ua<>aY= e a ` Z V U aUc> e `0D U J\@ e h = a s
^ f M D Y D J[Z fdh; eO< e a6=?>?@ eO='<LBj4` wX–—sC = fnQ5D U c t e s a6U` f J e_UJ D a6Y 9
`badcKe w Yfih4jKk
e fdh J'@ ‘
e j4`
G A.= a D U D U c 6a U `
w6©
A,@ e C = eO< e_UJ C = f:C f < aY D <]U f JDaX= e<oecM sD <'< D f U fih < a s e f =r< DRsD Y a6= C = fC f < a6Y’< C = e Q5D f ec<\YZ= e I eO>PJ e ` e$U ` eO=]J'@ e
j:` w–—sC = fnQ5D U c t e s a6U` f J e_UJ D a6Y 9
‚ e a6= eU f J a3“Da6= e fdh a6U5Z f J'@ e_=F< f e$=?> e< fdh > fss ecU D J[Z <\e C$C f =\J€>Pe$='= e_UJ\YRZ C = fnQD’` e ` f =ge_v C eO>PJ e ` J f M e
C = fnQ5D’` e ` h f =,J'= a D U D U c aU ` J'= aUc< h e_= fdh u5U f “ŠY e ` cieE“ D J\@ D U < a s e f =x< DRsD Y a6= V eOY ` < 9
 x
A,@ e_= e a6= eEU f e_J\@ D > aY f =Š< a h e_J[Z D <'<\e eO< a:<\< f > D anJ e ` “ D J\@J'@ e€<oecM I eO>PJ fih J'@ D < C = fC f < a6Y 9
‚ e D UJ e_U ` J f > a=\='Z f eaJ a6U f eaJ'= e a>?@ C f Y D >_Z = e cKa= `$D U c‘J\@ e C @5Za< D >_< ` e Q e_Y fC e `0D UJ\@ D <EU e_J[“ f =\u B < e eXJ'@ e
C = f c= a s aU ` J'@ e f M I eO>KJ DQ eO< aY= e a ` Z f eaJ'Y D U e `BD U T eO>PJ D f U8 a9 9 j 2@ F 9
-.i1n5‡ " 133- ž 1n5‡O5O5… -.‡ ž 1n( ž (f‡ "$#
1 " ‡O0‡O5‡O%OŒfiO-% "c# 5‡_%(f.‡1n #%" … ( t e s a6UM e D U c:<
t e s a6UM D f Y f c D > a6Y’<r< a sC Y eO<
`4eO='< f U a6Y ` anJ aC“Š@ e_J\@ eO= DR` e_UJ DV e ` M5Z‘U a s e f =ŠU f JWF
z eOU ePJ D > – U h f = s a6J D f U
|
U DRs aYR<
A,@ e ; eO< e a='>?@a>KJ DQ5D J[Z C = eO< e_UJ e `D UJ\@ D < C = fC f < a6Y q LEh T§ LEA2y
R a Ds a6Jx@5e s a6U>PY f U D U c h f =Š= e C = fa` ec>PJ DRQ e C e$= C f < e<V
R D UJ e_U ` J fs fa`aD h Z‘J'@ e cieOU ePJ D >2@ e_= D J adcie fdh @5e s a6UM e D U c:<,“Š@ D >?@i> f ecY `Bs a6uieF<\ec>?@>?@ a6U cKeO<,@ eO= D J aM$Y eGV
R DC U= J f e_>PU e$` = e J s f eO>PU:= JQe B anDJ UceX>_@5Ye e `as D U a6c!U Me Z s s Mc=\e Z a6f U+<
< < fdf h Y e_< YRfZ s h fa6=NJ D >EJ\@ > e e_YRC Y}e$U5= ecC >Pf Y e< ea=rfdJ\h = =a6eOUc< < e h a6e_=?=Q>?V @ f = h f =NJ\@ e C e$= C f < e fdh <oJ e s > e_YRY
R ec< e2@5e s a6U e s M$=\Z f < f = e s M$='Z f U D >E<oJ e s > eOYY’< 9
`badcKe w©Yfih4jKk
jik
_
5
"!#%$&' (
!*)%+-,.+0/21
$7/+98*+:/21
#+- $&5+- $7/+-!*
<;=>;@?BADCFE /GA>?IHKJLHKJNM O;FPRQ%STAVUT=W34X/<=Y6
] ^
Z[#\/
)
_
`badcKe jKkYfih4jKk
345
6

Documenti analoghi