Summer2004

Page 1



* + & $ ! , $ - ! + . . $ - / # 0 ! ! + - $ 0, $ + % !"#$"%&"'()#*(+&,&)$-.(,/'&0)&%0( 1-/2*00&/"(0&"%*(3456

/1/-2,$3/ 4+0#5 !"#$%&#'( !"#$!%&'()$*(++%,%--% 1-*0&7*")8,/$"$)&/"$,9/-' )%*#+!"#$%&#'( ./$!"#$01%)$*2##(& :&%*1-*08,/$"$)&/"$,9/-' ,"#-$."#" *%3"&$4(12)$5%'-(#6 )-*$0;-*-8,/$"$)&/"$,9/-' /$$%$(-'(+,"#-$."#" ./$!"#$7&%,8$5'2(9()9"&: $00))-*$08,/$"$)&/"$,9/-' 0#12#"$3%4+5#6#7841#'( !%-/$5/(-;%)2($<%#,&"= +*+<*-0#&18,/$"$)&/"$,9/-' 9:#*.(%6#+;#'%8"+/&6%$8" ./$>()$?")%#9$@A$B(/(C%' /<=+/&6%$8" !"#$B2##2%'$0/,;26") />?@+/&6%$8" *%3$>()$?"DE#%6$5A$*(/,%#: ?#(%"##+/&6%$8" ./$!"#$F&(/G$H%8$H((9

!"#$ %&'#()*+,-.$ /#.#-0# !"#$%& '(()

49::#;$ <==>

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

A%$(8"%-' ./$!"#$@%'(6$<%))")

P(8015$2#$0%*.1$8='.2105'$%T%*"#%DPSU%!1R% !"#K.)I#,+@@%)D(/#$%/E#6(%9;%@#*2423 %,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,QB

B#21-$(#"CB#2$%(# !%-/$@?$?DI%## =*<+$0)*-8,/$"$)&/"$,9/-' ===9,/$"$)&/"$,9/-'

O !'.;%O3'(0%L#I(05#8G%U1F525V5$6%E==#905>#$#88%18%WB% !"#69#,+-#$%/E#L?#<%)?#<+>=.1#MNO9;#$%.)9()=(#'/+>81#B(8>9"#,+@@%)D(/ %,%,QX

,6/ /1-/",$+%0* #/*/0!/ 9&%(8" !"#$F&(/G$4()/$*D(##(& (92/"&J#"%)%/2")%#A"&E 9:#*.(%6#+5%"#*(8"D+0-"E#(%'FC!? 9?+0-'-F%'F+9&%(8"C!.27%$3#" *%&/%$<%))") 1-8,/$"$)&/"$,9/-' 9?+B8"7&G%&#+9&%(8"%-7+;(-HH >/,(?$-.(@9(A$-B*-C(DEFGHI H)(>/,(>#*-.,(>E(E,,*"C(JEFGEKK? H)(>/,(L&%#$-7(A9(J%#=&"'C(MNM(OLJG>> ?$P(!;'*"*(Q9(>$-)*-C(R>SEH>G?ETT >$1)(L&%#$-7(H9(F,*)%#*-C(EJ>GU>E( ="-43%*+5#$%F' **%E2)%/2")K$L),A$M$N%2&:%OK$IP IJ/+<-(%8'-7 QR$S"O$TTUV$W$P&#2)E/")K$IP$TTTXT K;;L9 <JM+NO+P+;L009? OQQR

5%62/!7%8!4 Y1$016#%D'5$0%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,B E;50'.-8%L#3.5#=%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,Q Y5#Z%[.'2%*"#%*'I %,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,N S'$=#.#$9#%KI;10# %,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,J ).1R3#1.;%!58;'2%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,Q\ S)<%S'.$#. %,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,Q] S"1I0#.%KI;10#8 %,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,NA <$%*"#%U'># %,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,NX 7'6580598%<==59#.%O88'95105'$%BMMQ%[5$1$9514%+#I'.0%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,N\ S'>#.% I"'0'G% O5.2#$% 2'>#% 91.6'% '$0'% 1% STA\% )4'3#2180#.% CCC% 10% P"1Z% O[?,% % *"#% STA\% 58% 18856$#;% 0' U9S"'.;%O[?,%^K,P,%O5.%['.9#%I"'0'%3R%P01==%P60,%/10"1$%),%?#>5#._%%


?-,)-@#$ 6+*,) .RP$*('Y(&6K$$

E + G YO / *O ) E D < C / * ` % E L C * < + - P L E ? + C E [

L/$26$!;(&&8$S#"66"'$N(6/21%#K$%$Y(%D/2:D#$/2'($2)$?!A$B(Z1($;%9$%$6/(%98$&%2)$62),($8(6/(&9%8K P-&2#$N""#Z6$?%8K$/;($-&"1(&Y2%#$[P-&2#$5;"=(&6A[$7;26$6(('6$%$E""9$/2'($/"$&(:#(,/$")$=;%/ .RP$;%6$,"'2)E$D-$/;($#%6/$62O$'")/;6$":$/;26$\%/2")%#$!"D),2#Z6$/()D&(A R:$ ,"D&6(K$ /;(&($ L5$ /;($ !"):(&(),($ 2)$ .%6$ I(E%6$ ]]M]V$ R,/"Y(&A$ *%C($ 8"D&$ &(6(&1%/2")6$ %/ S'4%S1.2#$%U#VV191II1 S%##8Z6$.%6$I(E%6$Y8$,%##2)E$]M^XXMU_VM_V_VA$P6C$:"&$/;($[`5PN$."E26/2,6$R::2,(&$!"):(&(),([ /"$E21($D6$,&(92/$:"&$/;($Y""C2)E$D)9(&$"D&$,")/&%,/$%)9$/"$&(,(21($/;($:%)/%6/2,$&%/($":$abc$-(&$)2E;/A$RD&$&%/(6$=2## Y($;")"&(9$"1(&$/;($=((C()9$Y(:"&($F!"#D'YD6$?%8$B((C()9G$%)9$%:/(&$/;($,"):(&(),(A$R\0$5`>>057LR\d$7;( '"6/$-"-D#%&$.%6$I(E%6$6;"=6$Y""C$=(##$2)$%91%),(A$L:$8"D$%&($2)/(&(6/(9$2)$,"'2)E$2)$"1(&$/;($=((C()9$%)9$6((2)E$% .%6$I(E%6$6;"=K$8"D$'2E;/$=%)/$/"$,")629(&$Y""C2)E$/2,C(/6$6"")(&$&%/;(&$/;%)$#%/(&A$B(Z##$E(/$'"&($2):"&'%/2")$"D/ /"$8"D$12%$/;($'")/;#8$(M)(=6$%)9$=(Y62/($")$-#%,(6$/"$,;(,C$:"&$/2,C(/6A P##$.RP$>6$%&($Y(2)E$D-9%/(9$"&$)(=$")(6$Y(2)E$9&%:/(9A$RD&$E"%#$26$/"$;%1($/;('$")$/;($=(Y62/($\.7$_X$P-&2#A$LZ9 #2C($/"$/;%)C$/;&(($1"#D)/((&6$=;"$;(#-(9$D6$Y8$6DY'2//2)E$%$9&%:/$")$N&%),;262)E$%)9$*(&,;%)9262)Ed$*%3"&$4(2/; 4()8")$:&"'$H%)9"#-;e$*%3"&$*%O$5/2/+(&$:&"'$!%&6=(##e$%)9$./$@%6")$H2,;%&96")$:&"'$.DC(A$LN$fR`H$!<PQ70H !`HH0\7.f$ <R.?5$ P$ NHP\!<L50d$ %##$ :&%),;26(6$ =2##$ (O-2&($ _]$ @D#8$ XVA$ 7;($ -&",(66$ :"&$ E(//2)E$ %$ :&%),;26( %--&"1(9$ :"&$ %$ TM8(%&$ /(&'$ 26$ ")$ /;($ =(Y62/(K$ .RP$ >MbK$ \%/2")%#$ ."E"$ `6%E($ %)9$ *(&,;%)9262)E$ N&%),;262)EA P--#2,%/2")6$=2##$Y($%,,(-/(9$Y(/=(()$]$*%8$%)9$_X$@D)($TXXVg 7;%)C6$/"$%##$":$8"D$=;"$,")/2)D($/"$E()(&"D6#8$9")%/($/"$"D&$6,;"#%&6;2-$-&"E&%'g$B($=2##$Y($%=%&92)E$6(1()$6,;"#M %&6;2-6$/;26$8(%&$9D&2)E$/;($,"):(&(),(K$D-$/="$:&"'$/;($:21($/;%/$=($%=%&9(9$#%6/$8(%&A$!;%-/(&6K$-#(%6($6/%&/$="&C2)E 8"D&$6,;"#%&6;2-$)"'2)%/2")6$)"=AAA9D($/"$\%/2")%#$Y8$/;($()9$":$@D#8A$L$C)"=$/;(&($%&($'%)8$9(6(&12)E$()#26/(9$%)9 ,212#$6(&12,($-(&6"))(#$=;"$,"D#9$D6($/;($6,;"#%&6;2-$/"$;(#-$9(:&%8$(O-()6(6$=;2#($/;(8$%//%2)$/;(2&$9(E&((K$6"$-#(%6( /%C($/;($/2'($/"$)"'2)%/($/;('A f"D$=2##$6(($%$Y8M#%=$,;%)E($-&"-"6%#$6"")MM-#(%6($&(%9$2/$%)9$1"/(A$7;($S"%&9$26$-&(6()/#8$,"'-&26(9$":$:"D&$(#(,/(9 1"/2)E$'('Y(&6d$Q&(629()/K$I2,($Q&(629()/K$7&(%6D&(&$%)9$P6626/%)/$7&(%6D&(&A$B($%&($-&"-"62)E$%$,;%)E($":$/;($1"/2)E '('Y(&6$/"d$Q&(629()/K$I2,($Q&(629()/K$L):"&'%/2")$R::2,(&$%)9$7&(%6D&(&A$L:$/;($-&"-"6(9$,;%)E($-%66(6K$/;"6($=2##$Y( /;($ :"D&$ )"'2)%/2")6$ =($ =2##$ 6((C$ /"$ &D)$ :"&$ .RP$ \%/2")%#$ R::2,($ /;26$ 8(%&A$ B2/;$ /;($ =(Y62/(K$ '")/;#8$ (M)(=6K hD(6/2")$":$/;($*")/;K$!;%-/(&$!&"66/%#CK$"::2,2%#$,"&&(6-")9(),(K$(/,AK$=($:((#$2/i6$/2'($/"$(#(,/$%$1"/2)E$'('Y(&$=2/; /;"6($9D/2(6$D)9(&$/;(2&$-D&12(=A$L)$%992/2")K$=($%&($-&"-"62)E$%$Y8M#%=$,;%)E($/;%/$%##"=6$1"/2)E$"1(&$_XM9%86$1(&6D6 UXM9%86$9D($/"$"D&$=(YMY%6(9$1"/2)E$,%-%Y2#2/2(6$12,($[6)%2#M'%2#A[$L)$%,,"&9%),($=2/;$.RP$>MVK$0#(,/2")$":$\%/2")%# R::2,(&6K$]$P-&2#$26$/;($%))"D),('()/$9%/($":$/;($\"'2)%/2)E$!"''2//((A$7;(8$=(&($%))"D),(9$2)$"D&$P-&2#$'")/;M #8$ (M)(=6$ %)9$ LZ9$ #2C($ /"$ %))"D),($ /;('$ ;(&($ %6$ =(##$ %)9$ /;%)C$ /;('$ :"&$ 1"#D)/((&2)Ed$ ./$ !"#$ Q%/$ 4D'%6;2&"K \"'2)%/2)E$!"''2//(($!;%2&e$./$!"#$S"Y$5;%=$%)9$!"#$F&(/G$."&2$<2##$\"'2)%/2)E$!"''2//(($*('Y(&6A$f"D$=2## ;(%&$'"&($:&"'$/;('$6"")$%6$/;(8$:"&'%##8$%))"D),($/;($(#(,/2")$&(jD2&('()/6A$ !")E&%/D#%/2")6$/"$"D&$)(=(6/$,;%-/(&K$/;($@%'(6$H21(&$!;%-/(&$%/$H2,;'")9$5D--#8$!()/(&$F?.PGK$I2&E2)2%A$7;(8$;%1($% '('Y(&6;2-$":$"1(&$bX$=2/;$UT$":$/;('$%6$"D&$)(=(6/$\%/2")%#$.RP$'('Y(&6g$B(#,"'($@%'(6$H21(&$!;%-/(&$'('Y(&6gg$ <%1($%$>&(%/$5-&2)E$%)9$5D''(&MM/;($S#%,C3%,C$!;%-/(&$%)9$L$;"-($/"$500$fR`$L\$.P5$I0>P5g$

WW- + * - 0 # 7 / % 7 / 8 8 0 - 0 " " 0 9 HRE(A-*0&7*")( B

!C/*E+aPD+C/)

BMMN


%A*)+;B0$ 5#C;*#D 7;($."E26/2,6$H(%92)(66$R::2,(&6i$F.HRG$&"#($2)$/&%)6:"&'2)E$"D&$P2&$N"&,(kA$P$C(8$/;('($2) ()6D&2)E$/;%/$,%-%Y2#2/2(6$%&($,&(%/(9$%)9$6D6/%2)(9$=;2,;$'((/$=%&:2E;/(&$'2662")$)((96$2)$/;( YD62)(66$":$)%/2")%#$9(:()6(A$7;($!5PNi6$."E26/2,6$H(12(=$F!.HG$#%D),;(9$%$&(%#2E)'()/$/;%/ ,&(%/(9$."E26/2,6$H(%92)(66$R::2,(&6A$N&"'$5D--#8$%)9$Q#%)6$/"$7&%)6kA$.HR6$%&($,;%&E(9$=2/; ()6D&2)E$68),;&")"D6$&(6"D&,(6$%&($%/$/;($&2E;/$/2'($%)9$-#%,($/"$%,;2(1($/;($,%-%Y2#2/2(6$)((9M (9A$B2/;$%##$/;($926,D662")$":$l5D--#8$!;%2)$*%)%E('()/$F5!*GKm$/;(&($%&($()9#(66$l"-2)M S'4%^.#0_%c#$0%U(#44#. 2")6m$ ")$ 6D--#8$ ,;%2)$ "-(&%/2")6A$ B($ 12(=$ 5!*$ 2)$ 2/6$ Y&"%9(6/$ 6()6(K$ l(9E($ /"$ (9E(Km$ :&"' &(jD2&('()/6$/"$&(-&",(662)EA$$B2/;$%##$%&ED'()/6$%629(K$/;(&($26$")($D)9()2%Y#($/&D/;A$$.HR6$9(#21(&$/;($E""96k$/;(8 %&($/;($<(%&/$%)9$5"D#$":$/;($5D--#8$!;%2)k$:"&$%##$/;($"-(&%/2")%#$D6(&6$2)$/;($P2&$N"&,(A$$ L)$/;26$(92/2")$=(i##$/%C($%$#""C$/;($.HR$(1"#D/2")$2)$!"))2($*"&&"=i6$;26/"&2,%#$12(=K$.HR6d$B;(&($B(i1($S(()$k B;(&($B(i&($>"2)EA$P/$/;($?(-"/K$#"E26/2,2%)6$%&($,;%'-2")2)E$.0P\K$%)9$!%-/$@")%/;%)$5,;D--(#$6;%&(6$2/6$E&"=M 2)E$2):#D(),($%/$72)C(&$PNSA$!%-/$5/D%&/$5"#"'")$6;%&(6$;26$(O-(&2(),($%/$%$3"2)/$()12&")'()/$(O(&,26(K$6;(992)E$6"'( #2E;/$")$/;($,;%##()E(6$%)$.HR$'2E;/$:%,($2)$%$926%6/(&A$.(%-2)E$9"=)$/"$/;($l)D/6$%)9$Y"#/6m$#(1(#$":$5!*K$*%3$H"Y(&/ !%##%;%)$&(1(%#6$/;($&(%92)(66$&(%#2/8$":$,")6D'%Y#($-%&/6$'%)%E('()/K$%)9$2/6$&"#($%6$%$&(%92)(66$%)9$,"6/$'%)%E(M '()/$9&21(&A$$L/i6$%)$(%68$3D'-$/"$B2)E$!"''%)9(&$*%&C$.(%/;%'i6$QD&,;%62)E$%)9$5!*$FQ5!*G$%&/2,#(K$%$;(%9$") 12(=$":$/;($12/%#$&"#($":$Q5!*A$$\"$0H$="D#9$Y($,"'-#(/($=2/;"D/$%$#(%9(&6;2-$-2(,(K$%)9$2)$/;26$(92/2")$=(i&($#D,C8 /"$ ;%1($ ./$ !"#$ *%&C$ 5%)$ 5"D,2i6$ /2-6$ ")$ /;($ &"#($ ":$ /;( 9(-D/8k$%)9$;26$/2-6$=2##$="&C$2)$*5>Q$"&$*n>Qg$7" ;(#-$ '((/$ /&%2)2)E$ %)9$ "-M/('-"$ ,;%##()E(6K$ =($ ;%1($ % l-2/,;m$:&"'$/;($_Ub/;$7&%2)2)E$5D--"&/$5jD%9&")$%)9$%) %//%,;(9$!?K$/;%/$-"2)/6$/;($&(%9(&$%/$6"#D/2")6$/"$,"'M -#(O$ /&%2)2)E$ )((96kA$ %##$ %1%2#%Y#($ :&"'$ %)$ P2&$ N"&,( `)2/g$ H"D)92)E$ "D/$ %$ 6D-(&$ (92/2")$ =(i&($ :"&/D)%/($ /" ;%1($%$#"E26/2,6$12(=-"2)/$:&"'$%$#(E()9%&8$#(%9(&K$>()(&%# >("&E($S%YY2//e$="&96$:&"'$.RPi6$)(=$6()2"&$%9126"&K$./ >()$ ?")$ B(/(C%'e$ %6$ =(##$ %6$ %$ /"-2,%#$ 2)/(&12(=$ =2/; P*!i6$/"-$#"EE2($*>()$."&()$H()"A$$

!"#$%&''"#(&! !)*+,-(&. ./-&**& 0-1&22)"#/*3%&4 4#56/7

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o72#$)(O/$/2'(kA$P#=%86$N"&=%&9g

WW: / % , 7 2 / * * / #

0%5 ;+2#

!"#$ $!% &''()*"+) ,+$-",+* .",/%0%,.%1

48%/&*(-&3"1&9-83:&*55-+,-%& ;"(&<==>&5"3;-(-35-& )"/,&5)*+,-(/?&& @"&,"& ),,+ABB111?$"*3*,8"3*$?"(:B:CD?),E ;"(&E"(-&%-,*8$/?

/#<,/07 EbSED*C</O7 +E7EOPE

Q


?*#E$ 1;+:$ !"#$ !+( !"# $%&'()* +#,*+#-!'.# ! !"#$%&"'()*+,"-. ! /0(+12"3(%-('"#$%&"'(1*+4+152. ! /6-*2*%-3(32%47#*$"3(1-'(8!)/(321263. ! )*+5*"$'(%#"+19*$*2&(1-'(913"(%#"+12*-:(36##%+2.

70%)#$%L'$14;%!#0#H12

E+G YCE!

[+<U *dE

*<D

7;(6($%&($3D6/$%$:(=$":$/;($266D(6$/;%/$L$6/%&/$"::$(1(&8$9%8$=2/;$=;2#($6(&12)E$%6$/;($?(-D/8 !;2(:$":$5/%::$:"&$L)6/%##%/2")6$%)9$."E26/2,6$FPNp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e$2):&%6/&D,/D&($26$2)$-#%,($%)9$:D),/2")2)Ee$/&""-6$%&($;"D6(9$%)9$:(9e$%)9 /;%/$/;($=%&:2E;/(&6$&(,(21($/;($&(6"D&,(6K$-%&/6K$'%/(&2%#6K$1(;2,#(6K$%)9$(jD2-'()/$/;%/$/;(8$)((9$/"$-(&:"&'$/;($'26M 62")A$5D--"&/2)E$/;(6($(O-(92/2")%&8$%2&'()$=2##$:&%'($/;($:",D6$":$'8$/()D&($%6$/;($PNpL.A$Q("-#($%&($"D&$'"6/$1%#DM %Y#($&(6"D&,($%)9$%&($"D&$)D'Y(&$")($-&2"&2/8A$P6$#(%9(&6K$2:$=($,")/2)D($/"$/%C($,%&($":$/;('K$/;(8Z##$,")/2)D($/"$/%C( ,%&($":$/;($'2662")A P:/(&$_q$9%86$")$/;($3"YK$'8$:%6/M-%,(9$6-2)$D-$%6$/;($PNp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d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jD%9&")MK E&"D-MK$"&$9(-"/M#(1(#K$=(Z&($%Y#($/"$92&(,/#8$2'-%,/$-&",(66(6$%)9$/;($1%#D($/;(8$,&(%/(A$B(Z&($:2&6/$&(6-")9(&6$=;()$2/ ,"'(6$/"$/;($9%8M/"M9%8$"-(&%/2")6$":$"D&$#"E26/2,6$YD62)(66$%)9$/8-2,%##8$;%1($/;($-"=(&$%)9$":/()/2'(6$,")/&"#$/;( &(6"D&,(6$%)9p"&$-&",(66$/"$'%C($12%Y#($,;%)E(A$B2/;$/;%/$#2(6$%$,;%##()E(A$5/(-$Y%,C$%)9$/%C($%$,&2/2,%#$#""C$%/$8"D& "&E%)2+%/2")$%)9$%6C$8"D&6(#:$%$:(=$jD(6/2")6d$]AG$<"=$,%)$L$,&(%/($%)$(::2,2()/$:#"=$:"&$&(-(%/%Y#($-&",(66(6$-(&:"&'(9

N

PKUUE+

BMMN


2)$'8$D)2/r$0O%'-#(6$'%8$2),#D9($-;%6($2)6-(,/2")6K$,D6M /"'(&$6(&12,($%&(%6K$-&",(662)E$*L!PQ6K$(/,A$TAG$<"=$,%) L$'%-$"D/$'8$-&",(66(6$%)9$:2)9$=%86$/"$(#2'2)%/($/;2)E6 /;%/$ 9")Z/$ %99$ 1%#D($ /"$ "D&$ ()9M-&"9D,/r$ _AG$ <"=$ ,%)$ L 2'-&"1($/;($#%8"D/$":$'8$="&C$%&(%6$/"$6%1($&(6"D&,(6$%)9 '%C($ %$ 6%:(&K$ '"&($ (::2,2()/$ ="&C$ ()12&")'()/r$ B;%/$ 26 -"662Y#($26$/&D#8$-&":"D)9A$L/Z6$%#=%86$'"&($/;%)$8"D$/;2)CA RD&$ "&E%)2+%/2")6$ %&($ ,(&/%2)#8$ (::(,/21($ YD/$ %&($ &(-#(/( =2/;$%&(%6$/;%/$=($,%)$'%C($Y(//(&A$L$;%1($6(()$.(%)$="&C :2&6/M;%)9$%/$/;($9(-"/$Y8$&(9D,2)E$/;($Q?*$:#"=$9%86$:"& !Mq6$%)9$NM]q6$%/$B%&)(&MH"Y2)6$P.!$%)9$L$C)"=$'%)8 ":$8"D$%&($6((2)E$2/$="&C$2)$/;($:2(#9A$N"&$(O%'-#(K$.%)E#(8 %)9$ *"D)/%2)$ <"'($ PNS6$ %&($ %#&(%98$ 2'-#('()/2)E .(%)$,"),(-/6$2)/"$/;(2&$NM]q$-;%6($2)6-(,/2")6$%)9$;%1( %$;"6/$":$"/;(&$%&(%6$%6$=(##A$7;(&($26$'"&($/"$:"##"=$") .(%)$ 6"$ #(%&)$ %6$ 'D,;$ %6$ 8"D$ ,%)$ %)9$ Y($ "-()M'2)9(9 %Y"D/$2/A$L/$26$%$,"''")$6()6($=%8$:"&$2'-&"12)E$-&",(66M (6A$L/$="&C6A$ P6$L$,#"6($/;26$2)%DED&%#$%&/2,#($#(/$'($%99$/;%/$LZ'$/&D#8 ;")"&(9$/"$6(&1($%6$/;($PNpL.$%)9$%'$9(#2E;/(9$/"$6(&1( %6$/;($6()2"&$%9126"&$/"$/;($."E26/2,6$R::2,(&6$P66",2%/2")A S%,C$ 2)$ ]ccXK$ L$ =%6$ %6C(9$ /"$ 6/(-$ 2)$ %6$ /;($ \%/2")%# Q&(629()/$ ":$ .RPZ6$ -&(9(,(66"&$ "&E%)2+%/2")K$ /;( *%2)/()%),($ R::2,(&6$ P66",2%/2")$ F*RPGA$ P/$ /;($ /2'(K *RP$ ;%9$ %--&"O2'%/(#8$ bqX$ '('Y(&6$ =2/;$ -",C(/6$ ": #""6(#8$;(#9$#",%#$,;%-/(&6A$52),($/;()K$.RP$;%6$(1"#1(9 2)/"$ 2)$ %$ &"YD6/$ "&E%)2+%/2")$ =2/;$ "1(&$ TKq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`6$%&($&(%98k6(($8"D$%&"D)9$/()/$,2/8A$$

WW* , & / % 5 + % 0 * 5 = > < ? / , / : 0 7 9 < V*1;).(>#&*2(/2(J)$22(2/-(W"0)$,,$)&/"0($"7(H/'&0)&%0

!"#$ % &'#()*+,-.$ / #.#-0#

)(;+%5"33*%-1$(/*$*21+&(8%6+-1$ <+*22"-(9&($%:*32*4*1-3(5%+($%:*32*4*1-3 7;($-D&-"6($":$/;($."E26/2,6$R::2,(&$P66",2%/2")$F.RPG 26$/"$();%),($/;($'2#2/%&8$#"E26/2,6$-&":(662")A$.RP$-&"M 129(6$%)$"-()$:"&D'$/"$-&"'"/($jD%#2/8$#"E26/2,6$6D--"&/ %)9$#"E26/2,$"::2,(&$-&":(662")%#$9(1(#"-'()/A !87%*S+8'+B"%((#'+;.21%$$%8'$T+7;($(92/"&$2)12/(6$%&/2M ,#(6$ %)9$ "/;(&$ ,")/&2YD/2")6$ ")$ 266D(6$ /;%/$ 6D--"&/ .RPi6$ -D&-"6(A$ ?2&(,/$ '%)D6,&2-/6K$ #(//(&6$ %)9$ "/;(& ,"''D)2,%/2")6$/"$d1-8,/$"$)&/"$,9/-'9 5#-&7%'#$T 7;($]6/$9%8$":$*%&,;K$@D)(K$5(-/A$%)9$?(,A ;(8"S+>8"1-(T ?"DY#(M6-%,(9K$/8-(9$%)9$(#(,/&")2,%##8 6DY'2//(9$/"$1-8,/$"$)&/"$,9/-'A !38(8$+ U+ ="-43%*$T 5()9$ 2)92129D%#$ (#(,/&")2,$ :2#(6 F;2M&(6$@Q>K$7LNN$"&$0Q5$=2/;$/8-($%6$"D/#2)(6G$%#")E =2/;$ 6/"&2(6$ F%6$ 6(-%&%/($ /(O/$ :2#(6G$ %)9$ 2),#D9($ ,D/M #2)(6p,%-/2")6A$P##$-;"/"6$6;"D#9$Y($%/$#(%6/$_XX$9-2$"& E&(%/(&$&(6"#D/2")A ;.21%((#"+&-(-T 5;"D#9$ Y($ /8-(9$ %/$ /;($ ()9$ ":$ /;( 6/"&8$ :2#(A$ L):"&'%/2")$ 2),#D9(9$ 6;"D#9$ Y(d$ H%)Ce$ :D## )%'(e$6(&12,(e$;"'($'%2#2)E$%99&(66e$YD62)(66$)%'($%)9 %99&(66e$YD62)(66$-;")($F?5\$%)9$,"''(&,2%#Ge$('%2#e /;&(($/"$:21($6()/(),($Y2"E&%-;2,%#$6C(/,;e$%)9$%$-;"/" F%6$%$6(-%&%/($:2#($W$6(($-;"/"6$%)9$E&%-;2,6$%Y"1(GA 9&%(8"%-7+!87%*ST 7;($(92/"&6$&(6(&1($/;($&2E;/$/"$(92/$%## 6DY'2662")6$:"&$#()E/;K$,#%&2/8$%)9$#2Y(#A$P##$6DY'2662")6 Y(,"'($/;($-&"-(&/8$":$.RPA /&6#"(%$#1#'(+>8"1-($T+0%,;$%9$'D6/$Y($6()/$%6$%$,"'M -"62/($;2M&(6$F_XX$9-2$"&$E&(%/(&G$0Q5$:2#($=2/;$:")/6$6%1(9 %6$"D/#2)(6A$ND##M-%E($%96$=2/;$Y#((96$6;"D#9$%##"=$%/$#(%6/ _p^m$Y#((96A$P9$&%/(6$1262/d ===A#"%)%/2")%#A"&Ep%9&%/(6A;/'# /&6#"(%$%'F+@8'(-*(T *6$*%&/%$<%))")K$*%)%E2)E$092/"& QR$S"O$TTUV$W$P&#2)E/")K$IP$TTTXT ('%2#d$1-8,/$"$)&/"$,9/-' A#/"*(XYDSNY3SDXDN ;.2$*"%4(%8'$T+7;($0H$26$-DY#26;(9$jD%&/(&#8$%)9$26 %1%2#%Y#($12%$'('Y(&6;2-$2)$/;($."E26/2,6$R::2,(& P66",2%/2")$%/$/;($%))D%#$&%/($":$aTqA$P,,(66$'('Y(&M 6;2-$:"&'6$")$/;($=(Y62/($%/$===9,/$"$)&/"$,9/-'9

EbSED*C</O7 +E7EOPE

X


F+,D#;#,'#$ 3(A-)# . ' .$ ( / 0 ' * ! ' - * / % % ' - # , $ * * / - ' $! ' / 1 2

E + G S < / [ E + E / S E K D L O* E

.""C2)E$/"$6;%&-()$"&$6;%&($8"D&$C)"=#(9E($":$/;($-&":(662")r$5(%&,;2)E$:"&$%$=%8$/"$(6,%-( /;($,"#9$:"&$%$:(=$9%86$/;26$,"'2)E$=2)/(&r$B(##$;(&(Z6$8"D&$,;%),($/"$9"$Y"/;$=;2#($1262/2)E /;($62E;/6$%)9$6"D)96$":$:%YD#"D6$.%6$I(E%6g$7;($TXXV$.RP$\%/2")%#$!"):(&(),($=2##$Y($;(#9 ]]M]V$ R,/"Y(&$ 2)$ .%6$ I(E%6K$ \(1%9%A$ <"6/(9$ Y8$ \(##26$ P2&$ N"&,($ S%6(Z6$ "=)$ S#%,C3%,C !;%-/(&K$/;26$8(%&Z6$(1()/K$/;('(9$5D6/%2)2)E$P'(&2,%Z6$!"'Y%/$09E(K$-&"'26(6$/"$9(#21(& S1I0%L1>5;%c($59H #"E26/2,6$"::2,(&6$%$/2'($/"$&('('Y(&A \(##26$PNSK$[<"'($":$/;($N2E;/(&$Q2#"/K[$26$/;($,()/(&-2(,($":$`5PN$%2&$,"'Y%/$/&%2)2)E$%)9$;"'($/"$/;($P2&$B%&:%&( !()/(&A$7;($P2&$B%&:%&($!()/(&$;"#96$/;($#%&E(6/$%)9$'"6/$9('%)92)E$%91%),(9$%2&$,"'Y%/$/&%2)2)E$'2662")$2)$/;( ="&#9A$ND&/;(&'"&(K$/;($!()/(&$,")9D,/6$:"##"=M")$"-(&%/2")%#$/(6/2)E$%)9$/%,/2,6$9(1(#"-'()/$D62)E$/;($#%/(6/$=(%-")6 686/('6$/;%/$(jD2-$/;($`5PNA$\(##26$PNS$%#6"$;"6/6$3"2)/$%)9$,"'Y2)(9$H0?$N.P>$%)9$PLH$BPHHLRH$,"'Y%/$/&%2)M 2)E$ (O(&,26(6K$ /;($ `5PN$ P2&$ >&"D)9$ R-(&%/2")6$ 5,;""#K$ `5PN$ B(%-")6$ 5,;""#K$ /;($ `5PN$ P(&2%#$ ?('")6/&%/2") 5jD%9&")$F7;D)9(&Y2&96GK$%)9$/;($P2&$N"&,(Z6$,&"=)$3(=(#$":$,"'Y%/$6D--"&/$/&%2)2)EK$/;($P91%),(9$*%2)/()%),($%)9 *D)2/2")6$R::2,(&6$5,;""#$FP**R5GA$ 7;($TXXV$.RP$\%/2")%#$!"):(&(),($=2##$Y($;(#9$%/$S%##8Z6$<"/(#K$#",%/(9$2)$9"=)/"=)$.%6$I(E%6A$S%##8Z6$,()/&%#$#",%/2") ")$[/;($6/&2-[$=2##$%##"=$%//()9((6$/"$%//()9$,"):(&(),($Y&2(:2)E6$%)9$1()9"&$(O;2Y2/6K$/;()$/%C($2)$%##$/;($92)2)E$%)9$()/(&M /%2)'()/$.%6$I(E%6$;%6$/"$"::(&e$'"6/$":$2/$=2/;2)$=%#C2)E$926/%),(g$P/$/;($,"):(&(),($8"D$,%)$(O-(,/$%$#%&E($"::(&2)E$": (O;2Y2/"&$Y""/;6K$=2/;$926-#%86$&%)E2)E$/;($:D##$6-(,/&D'$":$#"E26/2,6$6D--"&/A$f"D$,%)$%#6"$(O-(,/$%$:D##$%E()9%$":$="&#9M,#%66 -&":(662")%#$9(1(#"-'()/$6('2)%&6$%)9$Y&2(:2)E6$E21()$Y8$/;($#"E26/2,%#$,"''D)2/8Z6$'"6/$-&(('2)()/$#(%9(&6A$P#&(%98$,")M :2&'(9$%6$ED(6/$6-(%C(&6$2),#D9($>()$@";)$BA$<%)98K$!"''%)9(&K$`A5A$7&%)6-"&/%/2")$!"''%)9$%)9$!"''%)9(&K$P2& *"Y2#2/8$!"''%)9K$%)9$./$>()$?")%#9$@A$B(/(C%'K$?(-D/8$!;2(:$":$5/%::$:"&$L)6/%##%/2")6$%)9$."E26/2,6A$?&A$@%'(6$>A H",;(K$5(,&(/%&8$":$/;($P2&$N"&,(K$=2##$Y($/;($C(8)"/($6-(%C(&$%/$/;($,"):(&(),($Y%)jD(/A$7;($,"):(&(),($Y%)jD(/$=2## ;2E;#2E;/$"D&$TXXV$.RP$5,;"#%&6;2-$=2))(&6$%)9$6(&1($%6$/;($6/%E($:"&$-&(6()/2)E$6(1(&%#$"/;(&$-&(6/2E2"D6$%=%&96A$ L):"&'%/2")$")$/;($,"):(&(),(K$(O;2Y2/6K$/"D&6$%)9$&(E26/&%/2")$,%)$Y($:"D)9$")#2)($%/$===9,/$"$)&/"$,9/-'G%/"2*-*"%*(%)9 ;"/(#$ &(6(&1%/2")6$ ,%)$ Y($ '%9($ Y8$ ,%##2)E$ ]M^XXMU_VM_V_V$ %)9$ %6C2)E$ :"&$ [P2&$ N"&,($ ."E26/2,6[$ "&$ [5S.R>V[$ ]]M]V R,/"Y(&A$H""'$&%/(6$%&($abc$Y(:"&($/%O(6A$7"$#(%&)$'"&($%Y"D/$S%##8Z6K$1262/$===A,%(6%&6A,"'pY%##86p#%61(E%6A$7"$6(($=;%/ .%6$I(E%6$;%6$/"$"::(&K$1262/$===A#%61(E%6A,"'$"&$===A1(E%6A,"'A$H('('Y(&K$6-"D6(6$%&($=(#,"'($%)9$/;(&($26$-#()/8$/" 9"$2)$.%6$I(E%6$/"$C((-$/;('$()/(&/%2)(9$%)9$",,D-2(9A$L:$-#%))2)E$/"$%//()9K$-#(%6($()3"8$/;($,"):(&(),($%)9$.%6$I(E%6 %)9$'%C($/;($'"6/$":$/;26$:%YD#"D6$-&":(662")%#$9(1(#"-'()/$"--"&/D)2/8g$B($;"-($/"$6(($8"D$2)$R,/"Y(&g$

WW- 0 " , 5 0 3 $ 5 : 2 % $ - : DN)#(!Z;&1+*")(?$&")*"$"%*(JZ;$7-/"C([*,,&0(EFT

/#<-+##/-,$+%@ =-(>%::*"3?(@#*-*%-3(%-(2A"(B"<(0%,912(C*-:(@+:1-*D12*%-E(<A*4A(+1-(*-(2A"(<*-2"+F3#+*-: GHE( *-1'I"+2"-2$&( $*32"'( J"-( 8%A-( ;K( 86,#"+( 13( 0L)M( *-( NOOOK( ( =2( 3A%6$'( A1I"( $*32"'( J"/*4A1"$(GK(H&1-K

J

PKUUE+

BMMN



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jD%9&")6$%#2E)(9$D)9(&$/;($.>A$5"K$:"&$/;('K 2/$=%6$%$)%'($,;%)E($:&"'$.>$/"$/;($*%2)/()%),($>&"D-A 7;($]_X$B2)E6$%)9$>&"D-6K$?8(66$%)9$.2//#($H",CK$=(&( %#2E)(9$ =2/;$ /;($ :#82)E$ 6jD%9&")6K$ %)9$ =($ ;%1( ,;%)E(9$ /;%/k$ /;(&($ %&($ %2&,&%:/$ '%2)/()%),( 6jD%9&")6$ %)9$ '%2)/()%),($ 6jD%9&")6$ 2)$ %,,"&M 9%),($=2/;$/;($!"'Y%/$B2)E$R&E%)2+%/2")A

L:$8"D$#""C$%/$/;($)D'Y(&6K$8"D$=2## 6(($%$6#2E;/$2'-&"1('()/$2)$'2662") ,%-%Y#($ &%/(A$ L$ ="D#9$ )"/$ %//&2YD/( /;%/$ 6"#(#8$ /"$ /;($ !"'Y%/$ B2)E R&E%)2+%/2")K$ Y(,%D6($ /;(&($ ;%1( Y(()$ "/;(&$ /;2)E6$ E"2)E$ ")$ 2)$ /;26 /2'(:&%'(A$L/Z6$-"6/$cM]]K$/;($()12M &")'()/$ =(Z&($ 2)K$ %)9$ L$ =2##$ /(## U1f%)#$%7'.#$%+#$' 8"DK$%6$/;($&(%9(&6$=2##$C)"=K$/;%/$2/ 26$")$/;($Y%,C6$":$"D&$-("-#(A$L/$26$/;(2&$#")E$;"D&6K$/;(2& 2))"1%/21(K$,&(%/21($=%86$":$Y&2)E2)E$%2&,&%:/$Y%,C$/"$'26M 62")$,%-%Y#($6/%/D6A$L/$26$"D&$D62)E$"D&$;(%96$9D&2)E$6D&E( /2'($2)$/;($'"Y2#2/8$YD62)(66K$=;(&($=($%YY&(12%/($6,;(9M D#(9$'%2)/()%),($"&$9(:(&$2/e$2:$=($9")Z/$)((9 2/$ =($ 9")Z/$ 9"$ 2/A$ .2C($ %2&,&%:/$ =%6;(6kA N"&$%$-(&2"9$":$/2'($=($,%)$9(:(&$%2&,&%:/

*P60,% L1>5;% P522'$8@% BB$;% U15$0#$1$9#% Pe(1;.'$@% ;589(88#8% 588(#8% 13'(0% 0"#% 2(405I'5$0 .#=(#45$6% 8R80#2% ^UD+P_% Z50"% U1f% )#$% 7'.#$% +#$'@% L5.#90'.% '=% 7'6580598% d#1;e(1.0#.8%O5. U'35450R% S'221$;,% *"#% UD+P% 8R80#2% 58% 140#.$10#% 25885'$% #e(5I2#$0% ='.% 0"#% cSTAQX% 0"10 144'Z8% .#=(#45$6% '=% 144% 9'14505'$% 15.9.1=0% 1$;% $'$T801$;1.;% 15.9.1=0,%*"#% UD+P% 8R80#2% 58% 0Z' Z5$6T10019"#;%I';8@%Z"59"%"1>#%1%;.'6(#%0"10%58%#F0#$;#;%5$%=456"0%0'%9'$;(90%.#=(#45$6%'I#.T 105'$8,%^KPO[%D"'0'_

:

PKUUE+

BMMN

O ='.H45=0% 2'>#8% 91.6'% ='.% 4'1;5$6% '$% 1% STX% )141FR% 10% +1280#5$%O?, ^KPO[%I"'0'%3R%*#9",%P60,%S"#.5#%U9/#544_


=%6;(6kA$ )"/$ #DY(6kA$ P)9$ -2,C$ /;"6($ D-$ %E%2)A B($,%)$E"$/"$,")/2)E(),8$="&C$,%&96$:"&$%$-(&2"9 ":$/2'($=2/;$/;($,""&92)%/2")$%)9$,#"6($="&C2)E$": /;($()E2)((&2)E$,"''D)2/8$%)9$/;($5QR6k$2/Z6$%## ")($70P*A B($,%)$'"1($B(6/$!"%6/$<5!6$/"$/;($0%6/$!"%6/K !M]b6$ /"$ !;%&#(6/")K$ !Mq6$ /"$ ?"1(&K$ B(6/"1(&K 5/(=%&/A$*"1($-("-#(K$%)9$/;D6K$2)6/(%9$":$'"12)E %)9$%2&,&%:/$Y%,C$%,&"66$/;($6/%/(6$%)9$Y%,C$%E%2) /"$ E(/$ 2/$ 2)/"$ /;($ :2E;/k$ 2)6/(%9$ ":$ E212)E$ %=%8 /;%/$:#82)E$/2'(K$/;()$8"D$,%)$6%1($/;%/A$5"K$=(Z1( 9")($%$#"/$":$/;2)E6A$B(Z1($E"/$%)$0)$H"D/($*0.K 2)6/(%9$":$/;($<"'($5/%/2")$*0.K$=;(&($8"D$,%) O ;#;5910#;%STX%91$$53145V105'$%f#0%"18%14Z1R8%3##$%199#I0#;%18%1%$#9#881.R%#>54,%^KPO[ #%D),;$%$6"&/2($:&"'$;"'($6/%/2")$"&$'%2)$"-(&%/M I"'0'%3R%P(#%P1II_ 2)E$ Y%6(K$ =2/;"D/$ &(9D)9%)/$ 686/('6K$ =;2,;$ =( 5"K$ =($ ;%1()Z/$ #"6/$ #"E26/2,6K$ %)9$ 2/$ :%##6$ /"$ #(%9(&6;2-$ 2) )"&'%##8$9")Z/$9"K$YD/$8"D$,%)$9"$2/$:"&$%YY&(12%/(9$-(&2M "D&$ *%3"&$ !"''%)96K$ %)9$ 2)$ "D&$ B2)E6K$ E&"D-6$ %)9 "96$":$/2'(A$f"D$-%8$/;($Y2##$#%/(&K$2/$E21(6$8"D$'"&($%2&M 6jD%9&")6$ /"$ C((-$ /;($ #"E26/2,6$ -2(,(6$ ="&C2)E$ /"E(/;(& ,&%:/$/"$6D--"&/$6D&E(6K$%6$=($929$2)$RLN$LK$%6$=($%&($9"2)E 6'""/;#8k)"$ '%//(&$ ;"=$ /;(8$ %&($ "&E%)2+(9kA%)9$ 2) 2)$ RLN$ LLA$ 7;(&($ 26$ %$ #")E$ #26/kA/;2)E6$ /;%/$ =($ ;%1($ /" P*!K$/;26$26$;%--()2)E$1(&8$=(##A$L/$9"(6)Z/$'%//(&$=;%/ 9"k$L$,%##$2/$6'%&/$'%2)/()%),(k/;%/$9D&2)E$%YY&(12%/(9 8"D&$ "&E%)2+%/2")%#$ -%/,;$ 26kA$ B;%/$ '%//(&6$ 26$ ;"=$ 8"D 6D&E($-(&2"96$8"D$,%)$9(:(&$6"'($":$/;"6($=2/;$()E2)((&M ,")/&2YD/($ /"$ /;($ '2662")A$ .2C($ /;(8Z&($ 9"2)E$ %/$ 7&%126K 2)E$ ,")6()/k$ %)9$ /;($ &(%6")$ L$ C((-$ '()/2")2)E$ ()E2M ,&"662)E$ "&E%)2+%/2")%#$ Y"D)9%&2(6$ /"$ '%C($ /;($ '2662") )((&2)E$,")6()/$26$Y(,%D6($2/Z6$)"/$3D6/$:2(#9$'%2)/()%),( ;%--()A$ *"&($ /;%)$ )2)($ '")/;6$ %$ E"$ =($ [C2,C(9$ /;( ")#8k$ 2/Z6$ )"/$ 3D6/$ :2(#9$ %)9$ P*!k$ 2/Z6$ P*!k$ P*! !P\\[k%/$ 7&%126kA$ 929$ %=%8$ =2/;$ /;($ !P\\$ %2&M E%2)(9kA$PH!k$2/Z6$/;($5QRA$L/Z6$B%&)(&$H"Y2)6$2)$/;( ,&%:/k62),($/;()$=($;%1()Z/$;%9$")(k=($9")Z/$;%1($")( ,%6($":$/;($!MqA %/$?"1(&$)"=$(2/;(&K$%)9$/;(8$929$2/K$!"#$?%))8$5/((#($929 GHS(TA"+"U3(9""-(3%,"(21$7(3*-4"(0@H@B)(2A12(2A"+" 2/$Y8$C((-2)E$/;($#"E26/2,6$:D),/2")6$="&C2)E$/"E(/;(&$(1() <*$$( 9"( 56+2A"+( 1'P632,"-23( 2%( 2A"( 0%,912( C*-: /;"DE;$/;(8$%&($,%##(9$%$'%2)/()%),($E&"D-$%)9$%$'2662") @+:1-*D12*%-.K( 2A12( <%6$'( #6$$( #1+23( %5( 36##$&E( $%: 6D--"&/$E&"D-A #$1-3E(T+1-(9147(6-'"+(2A"(/1*-2"-1-4"(%+(>%:(J+%6#K 5"K$ )"$ =(Z&($ ,;%)E2)Ek$ )"/$ -D##2)E$ /;($ .H5$ 2)/"$ /;( )-&2A*-:($*7"(2A12(#$1--"'(*-()/0V '%2)/()%),($E&"D-K$)"&$9"$L$/;2)C$=($)((9$/"kA$=($3D6/ ?9<JT 7;($6;"&/$%)6=(&$26$)"A$B($=2##$#(%1($/;($."E26/2,6 )((9$/"$'%)%E($/;($6(%'6$/;&"DE;$E""9$#(%9(&6;2-$%/$%## H(%92)(66$5jD%9&")$%6$-%&/$":$/;($*2662")$5D--"&/$>&"D-A #(1(#6k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k026();"=(&$ 6%29$ /;%/$ 2/Z6$ )"/$ 92::2,D#/$ /" -&"1($ /;%/$ Y%//#(6K$ ,%'-%2E)6K$ %)9$ (1()$ =%&6$ ;%1($ Y(() =")$"&$#"6/$-&2'%&2#8$Y(,%D6($":$#"E26/2,6A$

!"#$%#&'()"#)#'*$)+,-'...

EbSED*C</O7 +E7EOPE

]


E+G )< *< +E/<

?9<JT LZ'$ &(%##8$ E#%9$ 8"D$ %6C(9$ /;26$ jD(6M /2")A$7;($C(8$-"2)/$26$/;%/$=($%&($)"/$#"62)EK >()(&%#$s(//#(&$929$)"/$-&"'26($/"$E21($%=%8K ]XKXXX$ '%2)/()%),($ -"62/2")6A$ <($ 6%29$ #(/Z6 6(($2:$=($,%)$(2/;(&$,")1(&/$/"$,212#$6(&12,($"& /"$ ,")/&%,/$ ]XKXXX$ '%2)/()%),($ -"62/2")6A B(Z&($ )"/$ #"62)E$ /;($ -"62/2")6A$ B(Z&($ /&82)E /"$:2)9$=%86$/"$,")1(&/$/;"6($:&"'$Y#D($6D2/ /"$)")MY#D($6D2/A$P*!$;%6$6/(--(9$D-$/"$/;( -#%/(A$$*8$6/%::$,%'($D-$=2/;$%Y"D/$TX$-&"M -"6%#6$ :"&$ =;(&($ =($ ,%)$ ,")1(&/$ %D/;"&2+%M /2")6K$%)9$L$;%9$/;('$92129($/;('$2)/"$/;&(( ,%/(E"&2(6K$ #"=$ ;%)E2)E$ :&D2/K$ '(92D'K$ %)9 ;2E;$ ;%)E2)E$ :&D2/kA$ *(92D'$ 8"D$ [)((9$ % #%99(&$:"&[kA$<2E;$8"D$)((9$%$/&D,C$=2/;$%) (O/()62")A

STA\%)4'3#2180#.%CCC8%=.'2%0"#%NQ\0"%O5.%!5$6@%S"1.4#80'$%O5.%['.9#%?18#@%P,S,@%^KPO[%I"'0'%3R *#9",%P60,%g52%Y1."#6R5_%%

B($%&($,D&&()/#8$/&%)6:"&'2)E$^X]$-"62/2")6$2)$P*!K$%)9 =($%&($D62)E$/;"6($-"62/2")6$%6$%$[Y2##$-%8(&[$:"&$,"''%)9 '%)-"=(&$ Y2##6A$ N"&$ (O%'-#(K$ %Y"D/$ %$ =((C$ %E"$ /;($ 6/%:: :2)26;(9$%$-&"3(,/$/;(8$;%9$Y(()$="&C2)E$")$%$#")E$/2'(A B($:"D)9$%)$(&&"&$2)$/;($4!M]_q$.!R*$/;%/$&(6D#/(9$2) %$#"66$":$]Vc$%D/;"&2+%/2")6$%,&"66$"D&$:21($4!M]_q$Y%6(6A S(,%D6($ =($ ;%9$ /&%)6:"&'(9$ 6"$ '%)8$ -"62/2")6K$ =($ =(&( %Y#($ /"$ 2)6/%)/#8$ ,"&&(,/$ /;26$ 62/D%/2")K$ %992)E$ ]Vc$ -"62M /2")6$/"$/;($`*?$":$/;($:21($Y%6(6A$7;%/Z6$)"/$%$E""9$)(=6 6/"&8kA$7;%/Z6$%$E&(%/$)(=6$6/"&8A$ 7;($ED29%),($L$E%1($'8$6/%::$2)$%--&"%,;2)E$/;26$/%6C$=%6K :2&6/$ /;($ :"&('"6/K$ 6%:(ED%&9$ %E%2)6/$ '2662")$ 9(E&%9%/2")e 6(,")9K$ /%&E(/$ /;($ ="&C:"&,(6$ %)9$ -&",(66(6$ )"/$ 92&(,/#8 %#2E)(9$2)$`7!6kA/"$#""C$:"&$'%2)/()%),($-&",(66(6$/;%/ %&($ D)&(%#26/2,$ /"$ 9(-#"8e$ :"D&/;K$ &('%2)$ 6()62/21($ /"$ P2& N"&,($=29($(::(,/6k$:"&$(O%'-#($,")629(&$/;($2'-%,/6$/" 2)92129D%#$ ,%&((&$ :2(#96k$ L:$ %$ -(&6")$ 9"(6)Z/$ )((9$ /" 9(-#"8K$"&$,%)Z/$9(-#"8K$"&$2/Z6$)"/$2)$%$`7!k$=($&(%##8 "DE;/$/"$%6C$"D&6(#1(6k$=;8$9"(6$/;26$)((9$/"$Y($%$Y#D( 6D2/r$$P)9$/;()$/%C($/;"6($%D/;"&2+%/2")6K$2:$=($,%)Z/$D6( /;('$ "&$ /;(8Z&($ )"/$ )((9(9$ 2)$ /;($ #"E26/2,6$ ,%&((&$ :2(#96K %)9$D6($/;('$2)$/;($"/;(&$,%&((&$:2(#96K$,"-6K$!0K$=;(&(1M (&$(#6($=($)((9$/;('A$7;26$26$%)$P2&$N"&,($/;2)E$/"$9"$M /;26$26)Z/$%Y"D/$'%2)/()%),($")#8A GHS(=(:+"<(6#(36##%+2*-:(2A"(G-(H%62"($%412*%-3(*-(1*+Q $*52E( 1+"( 2A"&( 32*$$( 2A"( 31,"( 7*-'( %5( X4+*2*41$( -%'"X( 5%+

AM

PKUUE+

BMMN

32+12":*4(,%9*$*2&E(1-'(5+%,(1($%:*32*43(41+""+(#"+3#"42*I" 1+"(2A"+"(3%,"(:+"12(P%93(%62(2A"+"(5%+($%::*"3V ?9<JT+7;($:",D6$26$":/()$")$/;($'%2)$"-(&%/2)E$Y%6(6kA P)9$ 2)$ P2&$ *"Y2#2/8$ !"''%)9$ L$ ,;%&%,/(&2+($ /;($ 0) H"D/(6$%)9$Y(2)E$/;($[Y%,CY")([$:"&$'"Y2#2/8$6D--"&/$:"& /;($ E#"Y%#$ =%&$ ")$ /(&&"&26'k$ /;(8Z&($ /;($ 6/"--2)E$ "1(& -#%,(6K$ /"$ %)9$ :&"'K$ %&"D)9$ /;($ ="&#9A$ B($ ;%1($ /;&(( '%3"&$()$&"D/($#",%/2")6K$H%'6/(2)K$<2,C%'K$%)9$f"C"/%A B($;%1($)2)($6'%##(&$%)9$6(1()/(()$9(/%,;'()/6$"&$"-(&M %/2)E$#",%/2")6$="&#9=29(A$B;%/Z6$/;($92::(&(),($Y(/=(() %$#%&E(K$%)9$%$6'%##(&$")(r$7;($#%&E($")(6$;%1($%$;D)9&(9 "&$ '"&($ '%2)/%2)(&6A$ 7;($ 6(,")9$ 92::(&()/2%/2")$ 26$ /;( #(1(#$":$'%2)/()%),(A$f"D$,%)$/;2)C$":$%$'%3"&$#",%/2")$%6 9"2)E$(1(&8/;2)E$%)$P*n5$9"(6K$(O,(-/$6,;(9D#(9$2)6-(,M /2")6A$7;"6($6'%##(&$#",%/2")6$")#8$9"$%Y"D/$c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jD%9&")$,"''%)9M (&k$2/Z6$-%&/$":$/;($-&",(66A


GHS( >%%7*-:( 12( 2A"( 41+""+( #12A( 4A%*4"3( 2A12( 514"( $%:*32*Q 4*1-3E(2A*-:3(-""'"'(5%+(2A"(+*:A2(7*-'(%5(#+%5"33*%-1$('"I"$Q %#,"-2Y(<A12('%(&%6(9"$*"I"(2A"(X9"32(5*2X(*3E(*-(2"+,3(%5 2A"( $"1'"+3A*#( 2*,"$*-"E( 5%+( A"1'[61+2"+3E( ;"-21:%-E( %+ %2A"+(32155(P%93V ?9<JT L$="D#9$6%8$2/Z6$)"/$/;($6%'($:"&$(1(&8")(A$$5(,")9#8K )"$ ")($ ;%6$ ()"DE;$ /2'($ /"$ 9"$ (1(&8/;2)E$ /;%/$ /;(8$ ,"D#9A B;%/$ ,"D#9$ /;(8$ 9"r$ B;%/$ %&($ E""9$ /;2)E6$ :"&$ Y%6($ #(1(# '%2)/()%),($ "::2,(&6$ %)9$ #"E26/2,2%)6$ /"$ Y($ /;2)C2)E$ %Y"D/r 7;(8$ "DE;/$ /"$ Y($ /;2)C2)E$ %Y"D/$ E"2)E$ /"$ %)$ P2&$ ."E26/2,6 !()/(&K$ %Y"D/$ ,"'2)E$ /"$ %$ *P@!R*$ 6/%::K$ /;(8$ "DE;/$ /" /;2)C$%Y"D/$E"2)E$/"$Q*0K$/;(8$"DE;/$/"$/;2)C$%Y"D/$/;($P2& 5/%::K$/;(8$"DE;/$/"$/;2)C$%Y"D/$E"2)E$/"$?.P$#2C($L$929K$"& %$ 3"2)/$ %662E)'()/A$ 7;(8$ "DE;/$ /"$ /;2)C$ %Y"D/$ Y(2)E$ % 6jD%9&")$,"''%)9(&A 7;(&(Z6$ )"/$ ()"DE;$ /2'($ Y(/=(()$ =;(&($ /;(8$ %&($ )"=$ %)9 =;()$/;(8$'%C($,"#")(#$/"$9"$%##$":$/;%/K$6"$8"D$;%1($/"$9"

6"'(A$L$="D#9$6%8$/;($Y(6/$/2'($/"$,"'($/"$%$*P@!R*$6/%:: 26$ %:/(&$ /;(8$ %&($ (O-(&2(),(9K$ %)9$ ;%1($ '%9($ /;('6(#1(6 (O-(&/6$ 2)$ /;(2&$ 6-(,2%#/2(6K$ Y($ /;(8$ '%2)/()%),($ "&$ "/;(& #"E26/2,6$6-(,2%#/2(6k$%)9$L$9")Z/$6(($/;%/$;%--()2)E$Y(:"&( /;(8$ %&($ %$ 6(%6")(9$ ,%-/%2)kA%$ '29ME&%9(K$ 6(%6")(9$ ,%-M /%2)kA$ 5"$ =;()$ /;(8$ :2)26;$ %$ /"D&$ ")$ /;($ *P@!R*$ 6/%:: /;(8Z9$Y($=(%&2)E$'%3"&K$%)9$E"$"::$/"$6,;""#$"&$,"''%)9A 7;($P2&$5/%::$/2'2)E$26$-&"Y%Y#8$%/$/;($6()2"&$'%3"&$"&$3D)M 2"&$#2(D/()%)/$,"#")(#$/2'($:&%'(K$YD/$8"D$;%1($/"$6(jD(),( /;%/$=2/;$Q*0$%)9$6jD%9&")$,"''%)9(&$"--"&/D)2/2(6K$%)9 9(-D/8$ E&"D-$ ,"''%)9(&$ "--"&/D)2/2(6A$ 7;($ @"2)/$ 5/%::$ 26 -&"Y%Y#8$62'2#%&$/"$/;($P2&$5/%::$%6$:%&$%6$/2'2)E$E"(6A$<(&(Z6 /;($ /(%,;2)E$ -"2)/k$ /;($ Y(6/$ ":$ %##$ /;"6($ 3"Y6$ L$ '()M /2")(9kAA$/;($")($8"D$;%1($)"=A >%%7(5%+(#1+2(\(%5(2A*3(*-2"+I*"<(*-(2A"(M1$$(GH('6"(%62(*$12"()6:632(]^K(!

EbSED*C</O7 +E7EOPE

AA


!!!"#$%$&"$'($&)$$*+&"#$%$&"$'%$&,-.*/ L69,*22"'(9&(0%$(0%--*"(/%++%<E()MF=>J_

'%6621($ :"&=%&9M9(-#"8(9$ :"&,(6$ :2E;/2)E$ %$ #%&E($ ,")1()M /2")%#$%91(&6%&8A$7;($()9$":$/;($!"#9$B%&$Y&"DE;/$=2/;$2/ 7;($ !;2(:Z6$ &(6-")6($ /"$ /;($ :2)92)E6$ ":$ /;($ ]ccc$ !;2(:Z6 '%)8$,;%)E(6K$)"/$/;($#(%6/$": ."E26/2,6$H(12(=$F!.HG$6(/ =;2,;$ 2),#D9(9$ /;($ (#2'2)%M /;($ P2&$ N"&,($ ")$ %$ -%/; X..( 96*$'( 1( 41'+"( %5( #+%5"33*%-1$3( 37*$$"'( 1-' /2")$":$"D&$62)E#($:",D6$")$")( /"=%&9$/;($'"6/$62E)2:2,%)/ 7-%<$"':"19$"( *-( 2A"( '"I"$%#,"-2E( ",#$%&,"-2 E#"Y%#$ ,"'-(/2/"&K$ &(9D,/2")6 /&%)6:"&'%/2")$ 2)$ P2& 1-'( *-2":+12*%-( %5( "`#"'*2*%-1+&( 4%,912( 36##%+2 2)$ /;($ ?(:()6($ YD9E(/K$ %) N"&,($ #"E26/2,6$ ;26/"&8e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d$ 5"&/2($ Q&"9D,/2")pN#((/$ *%)%E('()/K$ !")/2)E(),8 %)9$2/$26$="&/;=;2#($/"$&('('Y(&$=;(&($=(Z1($Y(()$%6$=(## Q#%))2)E$ R-(&%/2")6K$ *%/(&2(#$ *%)%E('()/$ %)9$ 7(,; 7&%2)2)Ep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s(//#(&K$ :"&'(&$ ?(-D/8$ !;2(:$ ":$ 5/%::$ :"& "-(&%/2")%#$ )((96A$ L)$ /(&'6$ ":$ "::2,(&$ 9(1(#"-'()/K$ /;( L)6/%##%/2")6$%)9$."E26/2,6K$[7;($!"#9$B%&$,D#/D&($9(62E)(9 !;2(:Z6$."E26/2,6$H(12(=$;2E;#2E;/(9$62E)2:2,%)/$,;%##()E(6d %$ #"E26/2,6$ )(/="&C$ ,%-%Y#($ ":$ -&"1292)E$ %)9$ 6D--"&/2)E F."E26/2,6$S"%&9$R:$P9126"&6$!.H$S&2(:K$P-&$TXX]G$ D"'0'G%O$%O5.%['.9#%4'1;2180#.%;5.#908%0"#%4'1;5$6%'=%1$%UAM\M%d#1>R%Ee(5I2#$0%*.1$8I'.0#.%'$0'%1%STA\%)4'3#2180#.%CCC,%^KPO[%I"'0'_

AB

PKUUE+

BMMN


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`+1-%'(#'-'*# -'&+#:4#&%(%8'-"S+78F%$(%*$+$.448"(+G#"#+'8(+2-7V -'*#&+%'+&#6#7841#'(D+7#-&#"$3%4D+8"+#:#*.(%8'

P01==%P60,%P"1$$'$%!1445$#%($9'548%1%=(#4%"'8#%18%"#%8#08%(I%='.%1$%OTAM%*"($;#.3'40%CC .#=(#45$6%'I#.105'$,%^KPO[%I"'0'%3R%U180#.%P60,%g#==%PV9V#9"'Z8H5_%

7;($ ."E26/2,6$ H(%92)(66$ R::2,(&6$ F.HRG$ ,%&((&$ :2(#9$ =%6 9(1(#"-(9$/"$'((/$%)9$,")jD(&$/;(6($,;%##()E(6A$*6A$5D( RZ\(%#K$ %6$ /;($ ?2&(,/"&$ ":$ ."E26/2,6$ Q#%)6K$ =%6$ ,;%&E(9 =2/;$9(1(#"-2)E$%)9$:2(#92)E$/;($)(=$,%&((&$:2(#9A$S(/=(() *%8$TXX]$%)9$@D)($TXXTK$*6A$RZ\(%#$'%9($/;($!5PN$%)9 /;($S"%&9$":$P9126"&6Z$1262")$%$&(%#2/8e$%)$[0O-(92/2")%&8 P2&$ N"&,($ ."E26/2,2%)$ t=2/;u$ D)-&(,(9()/(9$ -&":(662")%# Y&(%9/;$/"$'((/$/;($"-(&%/2")%#$9('%)96$2)$%)$%E2#($,"'M Y%/$ 6D--"&/$ ()12&")'()/A[$ F]q$ *%8$ TXX]K$ L.nnvL.n5 !.H$ I29("G$ L)$ @D)($ TXXTK$ /;($ P2&$ N"&,($ :2(#9(9$ PN5! T]HnK$."E26/2,6$H(%92)(66$R::2,(&$,%&((&$:2(#9$%)9$&(/2&(9 :"D&$#(E%,8$,%&((&$:2(#96$%)9$6jD%9&")$9(62E)%/2")6d$#"E26M /2,6K$#"E26/2,6$-#%)6K$/&%)6-"&/%/2")K$%)9$6D--#8A$

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e$Y(9M9"=)$%)9$6D6/%2)'()/$%/ ,")/2)E(),8$#",%/2")6e$,&2626$%,/2")$`)2/$78-($!"9($-&(-%M &%/2")K$ #"%9$ -#%))2)EK$ ,"''D)2,%/2")6K$ 2):"&'%/2")K ()&"D/($1262Y2#2/8K$&(,(-/2")K$Y%&($Y%6(p/()/$,2/8$-&(-%&%/2")K 'D)2/2")6$62/($-#%))2)EK$(O-(92/2")%&8$,"'Y%/$6D--"&/A$ P$,;%)E($":$/;26$6,"-($26$")#8$-"662Y#($/;&"DE;$/;($9(92M ,%/(9$(::"&/6$":$6()2"&$#(%9(&6$%)9$6D-(&126"&6$%,&"66$/;( P2&$N"&,($:&"'$"D&$!5PNK$/;&"DE;$"D&$=2)E$%)9$E&"D,"''%)9(&6K$ %##$ /;($ =%8$ 9"=)$ /"$ (%,;$ 2)92129D%# .HRg$ >&(%/$ ,&(92/$ E"(6$ /"$ "D&$ 6,;""#;"D6($ %/ .%,C#%)9K$/;($_Vq$7H5K$%)9$0!5$!()/(&$":$0O,(##(),( P2&$*"Y2#2/8$B%&:%&($!()/(&A$B;%/Z6$)(O/r

P#$5'.%O5.21$%*#;;R%!"500'$@%\BQ.;%O5.%U'35450R%Pe(1;.'$@%I(448%1%JMTc%7'1;#.%1Z1R 1=0#.%4'1;5$6%"(21$501.51$%.#45#=%8(II45#8%13'1.;%1%+1280#5$%STAQM%d#.9(4#8%;#805$#; ='.%U'.'99',%^KPO[%I"'0'%3R%*#9",%P60,%g(805$%DR4#_

;AJ?,V,9?0 >J@L;M+ f"D&$ )D'Y(&$ ")($ -&2"&2/8$ =2## %#=%86$Y($8"D&$,D&&()/$3"YA$S($2/$(#('()/$,"''%)9(&K 6jD%9&")$ ,"''%)9(&K$ "&$ 6/%::$ "::2,(&K$ 2/6$ 3"Y$ ")(g$ $ L: 8"DZ&($2)$/&%)62/2")K$&"D)92)E$"D/$%6$%)$.HRK$/;(&($%&( /="$ %&(%6$ 8"D$ )((9$ /"$ :",D6$ ")A$ 9:48"(-27#+ *8."$#$ 1.$(+2#+8"&#"#&+2S+aZ+J*(+OQQRM+bS+Z+<86+QcD+S8. 1.$(+3-6#+ZO+18'(3$+1%'%1.1+#:4#"%#'*#+%'+(G8+8H (3#+78F%$(%*$+"#-&%'#$$+*8"#+*814#(#'*%#$M+ !"#$%#&'()"#)#'*$)+,-'... EbSED*C</O7 +E7EOPE

AQ


E+G 7<)CP*CSP +EOLC/EPP <[[CSE+P

IJ<=V,9?0 >J@L;M+ 5((C$ "D/$ "--"&/D)2/2(6$ /"$ -%&/2,2-%/($ 2)$ (O(&,26(6 %)9$9(-#"8'()/6$2)$6D--"&/$":$"D&$0O-(92/2")%&8$P2&$N"&,(A$L9()/2:8$8"D& -&":(662")%#$ %)9$ -(&6")%#$ E"%#6K$ %)9$ 6((C$ '()/"&6;2-$ :&"'$ 6D-(&126"&6K 6jD%9&")$ ,"''%)9(&6$ "&$ .HR6$ 8"D$ %9'2&(A$ `6($ 6(%6")(9$ 1(/(&%)6$ /" ,"##(,/$2):"&'%/2")$%)9$-(&6-(,/21(6$/"$29()/2:8$/;($"-/2")6$:"&$(9D,%/2") %)9$9(1(#"-'()/$2)$#2)($=2/;$8"D&$E"%#6A$ bJ,,J0 IK<9T 7;26$26$%)$(O,2/2)E$/2'($/"$Y($%)$.HRg$f"D$%&($/;($#8),;M -2)$:"&$'2662")$6D--"&/$2)$/;($(O-(92/2")%&8K$&%-29$&(%,/2")K$,")/2)E(),8M Y%6(9$P2&$N"&,($=($#21($2)$/"9%8A$`)9(&$/;($!"'Y%/$B2)E$R&E%)2+%/2")K .HR6$;%1($'"&($,;%#M #()E2)E$ "--"&/D)2/2(6 Q**1&"'(&"(,&"*(=&)#()#*(>#&*2\0(:&0&/"C(+$". :"&$ 6j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iS7+a!5$6%<.61$5VT *%&,;$ TXXVK$ 6(#(,/(9 2'>5$6%I#'I4#%5$%1$;%'(0%'=%0"#%318#%18%0"#%O5.%['.9#h8%15.%1$; 105'$%L#9585'$8i%1II.'>#8%7+<%91.##.%=5#4; "::2,(&6$ =2##$ Y($ %Y#($ /" 8I19#%#FI#;505'$1.R%='.9#%.'0105'$%"508%=(44%8Z5$6,%^KPO[%I"'0' ! U1R%MBG%P0'II#;%5$T.#85;#$9#%=($905'$14%31859 %//()9$ /;($ P91%),(9 3R%*#9",%P60,%?'3%<4;"12_ [(#48a7'6%D41$8aP(II4Ra*.1$8%S'(.8#8 .HR$ ,"D&6(WW/;( ! g($%MBG%SPO[%D.'6.12%O905'$%L5.#905>#%MBTMX (jD21%#()/$ /"$ /;($ :2E;/(&$ =(%-")6$ 6,;""#$ M$ /"$ 9(1(#"-$ 0O-(92/2")%&8 I(3458"#; !"'Y%/$5D--"&/$!"''%)9$%)9$!")/&"#$/&%2)2)E$%)9$#(%9(&6;2-$6C2##6e ! g(4%MBG%7+<%*.1$8505'$%S'(.8#%3#61$%10%QNX 2)$\"1$TXXVK$=(Z##$#%D),;$%$,"D&6($:"&$)(=$*%3"&6$:",D6(9$")$-&(-%&M *+P@%719H41$;%O[?@%*b 2)E$/;('$:"&$!"''%)9$%)9$!")/&"#$%Y"1($=2)E$#(1(#$-"62/2")6e$%/$/;( ! g(4%MBG%EFI'.0134#%i+'($;T'(0i%[(#48a7'6 D41$8aP(II4Ra*.1$8%9'(.8#8%1>154134# 6/&%/(E2,$ #(1(#$ ":$ 9(1(#"-'()/K$ "::2,(&6$ =2##$ %//()9$ /;($ 0O-(92/2")%&8 ! /'>%MBG%7+<%BA+%O[PS%9'$>#.85'$j%.#05.#; !"'Y%/$ 5D--"&/$ 0O(,D/21($ B%&&2"&$ !"D&6($ F0TB!GA$ .HR6$ %&($ %#6" 7'6%D41$8aP(II4Ra*.1$8%'==59#.%O[PS8 Y(2)E$-&"129(9$E&(%/(&$"--"&/D)2/8$:"&$9(1(#"-'()/$/;&"DE;$09D,%/2") ! /'>%MBG%7+<%S1.##.%[5#4;%E;(9105'$%1$; B2/;$L)9D6/&8$F0BLGK$!212#2%)$L)6/2/D/2")$."E26/2,6$?(1(#"-'()/$-&"M *.15$5$6%D41$%^S[E*D_%I(3458"#; E&%'6$2)$-%&/)(&6;2-$=2/;$Q())$5/%/(K$\"&/;=(6/(&)$":$L##2)"26K$\"&/; ! OI.%MQG%7+<%L#>#4'I2#$0%*#12%9'$>#$#8%1$; !%&"#2)%e$ *%6/(&6$ ?(E&(($ -&"E&%'6$ /;&"DE;$ PNL7$ %)9$ \%1%# 1II.'>#8%9"1.0#. Q"6/E&%9D%/($ 5,;""#K$ %6$ =(##$ %6$ /;($ )(=$ TM8(%&K$ ."E26/2,6$ !%&((& ! /'>%MQG%[5.80%7+<%?1859%S'(.8#%10%QNX%*+P@ S&"%9()2)E$ Q&"E&%'$ =;2,;$ ,%&&2(6$ =2/;$ 2/$ P,jD262/2")$ Q&":(662")%# 719H41$;%O[?@%*be ?(1(#"-'()/$!(&/2:2,%/2")A$7;($)((96$":$/;($P2&$N"&,($,"'($:2&6/K$YD/ ! /'>%MQG%/#Z%7+<%91.##.%=5#4;%31;6#%1>154134# ='.%Z#1. /;($6D,,(66:D#$:2(#9$E&%9($"::2,(&6$%&"D)9$8"D$=2##$%//(6/$/"$/;($#2C(#2;""9 ! g1$%MNG%[5.80%ESP%EF#9(05>#%!1..5'.h8%S'(.8# /;%/$8"DZ##$Y($%Y#($/"$/D&)$%)8$3"Y$2)/"$%$9&(%'$3"Y$M$/%C($/;($2)2/2%/21(A$ ^EB!S_%10%OU!S@%['.0%L5F@%/g 0%$%-"$(0%--*"(/%++%<(*3(2A"(0A*"5(>%:*32*43(!%42+*-"E(0%-4"#23(1-' ! U1.%MNG%[5.80%O;>1$9#;%7+<%S'(.8#%^O7+<S_ 10%OU!S@%['.0%L5F@%/g C1+:1,"3E(!*+"42%+12"(%5(H"1'*-"33E(!"#62&(0A*"5(%5(L2155(>%:*32*43(1-' ! U1R%MNG%[5.80%OSPS%2';(4#%'$%O654#%S'2310 G-:*-""+*-:E(Z"1'[61+2"+3(a-*2"'(L212"3()*+(M%+4"K(0%$(/%++%<(*3(2A" P(II'.0%'==#.#;%0'%5$T.#85;#$9#%80(;#$08 )*+(M%+4"(*,#$","-212*%-(,1-1:"+(5%+(2A"(0%,912(C*-:(@+:1-*D12*%-E ! U1.%MXG%[5.80%C$0#.2#;510#%7+<%S'(.8#%0' /*33*%-( L6##%+2( J+%6#( 1-'( >%:*32*43( H"1'*-"33( L[61'+%-3( 1-'( 2A" 3#65$%10%QNX%*+P@%719H41$;%O[?@%*b 01+""+(M*"$'(/1-1:"+(5%+(>%:*32*43(H"1'*-"33(@55*4"+3K(! AN

PKUUE+

BMMN



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

<STO7S%AQX%;'9H%3#='.#%.#$'>105'$,%^D"'0'%<STO7S_

.(%)$SD62)(66$Q&%,/2,(6$:",D6$")$/;($(#2'2)%/2") ":$=%6/($&(6D#/2)E$2)$2),&(%6(9$,%-%,2/8K$2),&(%6(9 (::2,2(),8$ %)9$ &(9D,(9$ ,"6/6A$ B%6/($ (#2'2)%/2") Y(E2)6$ =2/;$ 2'-#('()/2)E$ %$ -&"E&%'$ /;%/$ -&"M '"/(6$"-(&%/2")%#$(O,(##(),($/;&"DE;"D/$/;($="&C %&(%A$R),($2'-#('()/(9K$%$'"&($:%1"&%Y#($()12M &")'()/$:"&$-&",(66$2'-&"1('()/$26$,&(%/(9$%)9$% 6;2:/$ 2)$ ,D#/D&%#$ )"&'6$ Y(E2)6A$ 7;($ 921262")Z6 (::"&/6$ 2)$ /;($ #%6/$ /;&(($ 8(%&6$ ;%1($ &(6D#/(9$ 2) /&('()9"D6$,D/6$/"$%2&,&%:/$:#"=$/2'($%)9$(O,(-M /2")%#$")M/2'($9(#21(&8$&%/(6A 7;($ 0M_$ =(%-")$ 686/('$ %)9$ 5(&12,(6$ S&%),;$ 2) /;($P2&,&%:/$?21262")$;%1($YD2#/$%$6"#29$:"D)9%/2") ":$ 6D,,(66$ ,D//2)E$ :#"=$ 9%86$ T^w$ 2)$ /="$ 8(%&6A 7;(8$6/%&/(9$Y8$:%'2#2%&2+2)E$/;(2&$="&C:"&,($=2/; #(%)$-&2),2-#(6$%)9$,&(%/2)E$%$,"&($E&"D-$":$(O-(&/6 :&"'$/;($="&C:"&,($/"$%,/$%6$,;%)E($%E()/6A$5((2)E

<STO7S%AQX%;'9H%1=0#.%.#$'>105'$,%^D"'0'%<STO7S_

AJ

PKUUE+

BMMN


/;($-"/()/2%#$/"$&(9D,($:#"=$9%86K$/;($E&"D-$6/%&/(9$%$N%,2#2/%/($R/;(& *%2)/()%),($FNR*G$C2//2)E$(::"&/$/;%/$%##"=6$:"&$,"'-#(/($/&%,C2)E ":$%2&,&%:/$-%&/6$&('"1(9$:&"'$/;($%2&,&%:/A$7;(8$YD2#/$[C2/[$Y"O(6$=2/; :"%'$,D/"D/6$:"&$(%,;$-%&/$%)9$E&"D-(9$-%&/6$%,,"&92)E$/"$&(2)6/%##%M /2")$6(jD(),(A$7;()$/;(8$Y%&$,"9(9$(%,;$-%&/$%)9$%662E)(9$2/$%E%2)6/ 2/6$[C2/[A$NR*$C2//2)E$()%Y#(6$/;($'(,;%)2,$/"$jD2,C#8$"&9(&$'2662)E "&$D)6(&12,(%Y#($-%&/6$%)9$'%2)/%2)$2''(92%/($%,,(66$/"$/;"D6%)96$": &('"1(9$-%&/6A$7;($0M_$=(%-")$686/('$;%6$D)9(&/%C()$%)$2)2/2%/21( /"$,&(%/($%$9",C$#%8"D/$/;%/$,;%)E(6$%6$/;($-#%)($'"1(6$/;&"DE;$/;( 9(-"/$,8,#(A$7;26$98)%'2,$-&",(66$C((-6$%##$/""#6K$'%/(&2%#6$%)9$6D-M -"&/$(jD2-'()/$%/$/;($-"2)/$":$D6($/;&"DE;"D/$/;($9(-"/$,8,#($%)9 *5$H#.% $'Z% (8#8% H50% 3'F#8% Z50"% ='12% 9(0'(08% I1.08% 1.#% 6.'(I#; 9&%6/2,%##8$&(9D,(6$('-#"8(($/&%1(#$/2'(A 199'.;5$6% 0'% .#5$80144105'$% 8#e(#$9#,% % E19"% I1.0% 58% 31.% 9';#;% 1$; 18856$#;%1615$80%1%H50,%^D"'0'%<STO7S_

7;($7%)C(&$S&%),;$'%2)/%2)6$%)9$6D--"&/6$/;($4!M]_q$%2&,&%:/A$L) "&9(&$/"$&(9D,($/;($)D'Y(&$":$%2&,&%:/$2)$9(-"/$%)9$,D/$/;($:#"=$/2'( /;($ Y&%),;$ 6/%&/(9$ =2/;$ %$ 9&%6/2,$ -&",(66$ ,;%)E($ '"12)E$ %2&,&%:/$ 2)$ E&"D-6$ ":$ /;&(($ /;&"DE;$ /;(2&$ :#"=A$ 7;26$ -&",(66 ()6D&(9$-&"Y#('$%2&,&%:/$=(&($)"/$2)%91(&/()/#8$-D6;(9$/"$/;($629($%)9$,D/$/;($)D'Y(&$":$%2&,&%:/$'"1(6$Y8$%$/;2&9A 7;(8$jD2,C#8$:"##"=(9$=2/;$&(:D&Y26;2)E$/;($'%2)/()%),($9",C6$%)9$&('"12)E$D))(,(66%&8$(jD2-'()/$%)9$,#D//(&A$7;( %2&,&%:/$9",C6$=(&($&(-%2)/(9$%)9$Y(//(&$#2E;/2)E$=%6$2)6/%##(9A$7;($2),&(%6(9$1262Y2#2/8$();%),(6$/;($jD%#2/8$":$="&C -(&:"&'(9$")$/;($%2&,&%:/$%)9$/;($,#(%)(&$()12&")M '()/$Y""6/6$('-#"8(($'"&%#($=;2#($C((-2)E$="&CM 6-%,($"&E%)2+(9A$7;($Y&%),;$%#6"$6-(%&;(%9(9$,")M 1(&/2)E$2)92129D%#$/""#$C2/6$FL746G$2)/"$,")6"#29%/(9 /""#$C2/6$F!746GA$S8$,"'Y2)2)E$cXX$L746$2)/"$]T] !746$ /;(8$ =(&($ %Y#($ /"$ 6%1($ "1(&$ ")(M'2##2")$ 2) /""#$ ,"6/6K$ '%C2)E$ (1()$ 6-(,2%#$ D6($ /""#6$ (%62#8 %,,(662Y#($/"$'(,;%)2,6K$%)9$"-()2)E$/;"D6%)96$": 6jD%&($ :((/$ ":$ :#""&$ 6-%,(A$ 7;(6($ 2)2/2%/21(6$ ;%1( '%9($ 9&%'%/2,$ 2'-%,/6$ 6#%6;2)E$ 4!M]_q$ :#"=$ /2'( :&"'$ "1(&$ VXX$ 9%86$ /"$ T]q$ 9%86$ %)9$ E212)E$ /;( Y&%),;$/;($%Y2#2/8$/"$2),&(%6($/;(2&$="&C#"%9A *%2)/%2)2)E$ %)9$ 6D--"&/2)E$ /;($ SM]S$ %)9$ SMqT< =(%-")$ 686/('6$ 26$ /;($ '2662")$ ":$ /;($ S"'Y(& S&%),;A$7;26$Y&%),;$Y(E%)$/;(2&$'2662")$Y8$'%--2)E$/;($-&",(66(6$/;($%2&,&%:/$E"(6$/;&"DE;$9D&2)E$Q?*$,8,#(A$L)$9"2)E 6"$/;(8$;%1($29()/2:2(9$%$)((9$/"$&(()E2)((&$6(1(&%#$-%&/6$":$/;(2&$-&",(66$%)9$Y(E%)$/;($%&9D"D6$/%6C$":$,"&&(,/2)E$6(1M (&%#$'%3"&$:%,2#2/8$,")6/&%2)/6A$7;(8$;%1($6D,,((9(9$2)$,D//2)E$:#"=$/2'(6$Y8$]Xw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b2*-7"+K15K,*$(! EbSED*C</O7 +E7EOPE

A\


L69,*22"'(9&(01#2(L261+2(/K(L%$%,%7;($ ?(-%&/'()/$ ":$ <"'(#%)9$ 5(,D&2/8$ ,")9D,/(9$ 2/6 %))D%#$'D#/2#%8(&(9$('(&E(),8$&(6-")6($(O(&,26($:&"'$]X N(Y$XV$M$Tq$N(Y$XVA$7;26$8(%&Z6$2/(&%/2")$=%6$()/2/#(9$`\LM NL0?$?0N0\50$TXXVA$7;($-D&-"6($":$/;($(O(&,26($=%6$/" /(6/$%)9$(1%#D%/($N(9(&%#K$5/%/(K$%)9$#",%#$,&2626$%)9$,")M 6(jD(),($ '%)%E('()/$ %)9$ ('(&E(),8$ &(6-")6($ &(6"D&,(6 %)9$ -#%)6$ 2)$ &(6-")92)E$ /"$ %$ 'D#/2M3D&2692,/2")%#K$ 'D#/2M 2),29()/$ 6,()%&2"$ 2)1"#12)E$ Y"/;$ )%/2")%#$ %)9$ ;"'(#%)9 6(,D&2/8$/;&(%/6$%)9$)%/D&%#$926%6/(&6A$ 7;($ (O(&,26($ ,()/(&(9$ ")$ %$ D)2:2(9$ &(6-")6($ /"$ )(%&#8 62'D#/%)("D6$926%6/(&6d$%$!%/(E"&8$q$;D&&2,%)($-%,C2)E$]VX '-;$=2)96$;%6$6#%''(9$2)/"$!"&-D6$!;&26/2e$%$#2:(M/;&(%/M ()2)E$ &(#(%6($ ":$ &%92%/2")$ ;%6$ ",,D&&(9$ %/$ /;($ !"'%),;( Q(%C$\D,#(%&$Q"=(&$:%,2#2/8$"D/629($?%##%6e$%)9$%$:21($C2#"M /")$)D,#(%&$6D2/,%6($Y"'Y$9(/")%/(9$2)$5"D/;$7(O%6Z$<2## !"D)/&8$&(6D#/2)E$2)$9(%/;$:"&$6"'($_XX$-("-#($%)9$,%D6M 2)E$ /;"D6%)96$ /"$ Y($ (1%,D%/(9A$ L :2##(9$%$6;"&/M)"/2,($T]H$Y2##(/$")$/;( @V$6/%::$":$/;($@"2)/$7%6C$N"&,($F@7NG 9(-#"8(9$/"$N/$5%'$<"D6/")$7nK$2) &(6-")6($/"$/;26$)"/2")%#$,&2626A$ `-")$%&&21%#$/"$N/$5%'$<"D6/")K$/;( %--&"O2'%/(#8$ _XX$ ?R?$ 6-")6"&(9 -(&6"))(#$ =;"$ ,"'-&26(9$ /;($ @7N =(&($ D6;(&(9$ 2)/"$ /;($ q/;$ P&'8 !"):(&(),($H""'$:"&$%$#2/%)8$":$-&(M (O(&,26($Y&2(:2)E6A$7;($:",D6$":$/;(6( Y&2(:2)E6$ =%6$ /;($ @7N$ 6/&D,/D&($ %)9 ;"=$2/$:2/$2)/"$%)9$:D),/2")(9$=2/;2) /;($,"):2)(6$":$/;($N(9(&%#$H(6-")6( Q#%)A$ 7;($ ,"''")$ /;('($ /;&"DE;M "D/$/;(6($Y&2(:2)E6K$")($/;%/$=%6$)(= /"$ '"6/$ ":$ /;($ '2#2/%&8$ '('Y(&6$ 2) /;($%D92(),(K$=%6$/;%/$/;($?R?$=%6 A:

PKUUE+

BMMN

3D6/$ ")($ ":$ /;($ E"1(&)'()/%#$ %66(/6$ %/$ /;($ 926-"6%#$ ": N0*P$&(-&(6()/%/21(6$6;"D#9$%$62'2#%&$,&2626$",,D&$=2/;2) /;($ !R\`5A$ 7;($ -"2)/$ =%6$ &(2/(&%/(9$ ":/()$ /;%/$ N0*P =%6$/;($#(%9$%E(),8$:"&$%)8$%)9$%##$;"'(#%)9$,")/2)E()M ,2(6A$ !;%2)$ ":$ ,"''%)9$ 266D(6K$ @7N$ "&E%)2+%/2")$ %)9 &(6-")62Y2#2/2(6K$ N0*PZ6$ ,;%&/(&$ %)9$ 6/%/D/"&8$ ,")6/&%2)/6 =(&($%##$;2E;#2E;/(9$2)$/;($/&%2)2)E$-;%6(A$P#6"$":$)"/($2) /;($/&%2)2)E$-;%6($=%6$/;%/$/;($q/;$P&'8$=%6$/;($;"6/$:"& /;($ (O(&,26(A$ 7;($ q/;$ P&'8$ 26$ &(6-")62Y#($ :"&$ %##$ P&'8 H(6(&1($*"Y2#2+%/2")$266D(6$%6$=(##$%6$/;($?R?$#(%9$%E(),8 :"&$ !R\`5$ @"2)/$ 7%6C$ N"&,($ &(jD2&('()/6$ =(6/$ ":$ /;( *2662662--2$H21(&A$ L)$%,,"&9%),($=2/;$&(ED#%/2")6K$=($6/""9$D-$%$@"2)/$7%6C N"&,($/"$,""&92)%/($%##$?R?$%,/212/2(6$2)$&(6-")6($/"$/;( &(jD(6/6$":$/;($#(%9$%E(),8K$N0*PA$7;($@7N$&(-"&/(9$%## %,/212/8$%)9$6"DE;/$%D/;"&2+%/2")$:"&$2/6$%,/2")6$:&"'$<h \RH7<!R*A$


7;($ @MV$ ,(##$ :"&$ /;26$ (O(&,26($ =%6$ ,"'-&26(9$ ":$ %--&"O2M '%/(#8$ Tq$ '2#2/%&8$ %)9$ q$ ,212#2%)$ '('Y(&6A$ 7;($ '2#2/%&8 &%)C$6/&D,/D&($&%)E(9$:&"'$0Mb$/"$RMUK$%)9$%##$":$/;($6(&1M 2,(6$=(&($&(-&(6()/(9A$7;($@MV$=%6$%$6()2"&$P&'8$,212#2%) =;"$:D),/2")6$2)$%$62'2#%&$,%-%,2/8$")$/;($q/;$P&'8$6/%::A <26$ 9(-D/8$ :"&$ /;26$ (O(&,26($ =%6$ %)$ %,/21%/(9$ P&'8 P#%Y%'%$>D%&9$RMUA$!212#2%)$?.P$,D6/"'(&$6(&12,($&(-M &(6()/%/21(6K$ ,")/&%,/2)E$ "::2,(&6$ %)9$ P&'8$ !"&($ ": 0)E2)((&6$&(-&(6()/%/21(6$,"'-&26(9$/;($Y%#%),($":$/;($@MV 6/%::A$7;($@MV$=%6$Y&"C()$9"=)$2)/"$]TM;&$6;2:/6$=2/;$(%,; =%/,;$Y(2)E$;(%9(9$Y8$%$\%1%#$RMqA$7;($1%6/$'%3"&2/8$": /;($@MV$6/%::$=%6$,"'-&26(9$":$P&'8$XMV6K$=2/;$")($,"'M -%)8$E&%9($"::2,(&$&(-&(6()/2)E$/;($P2&$N"&,(K$P&'8K$\%18 %)9$ *%&2)($ !"&-6$ %662E)(9$ /"$ (%,;$ 6;2:/A$ 7;(&($ =(&($ V \!R6$%662E)(9$/"$/;($@MV$6/%::$:"&$/;26$(O(&,26(A$ 7;($2)2/2%#$&(jD(6/$:"&$/;26$/%6C2)E$/;%/$L$:2##(9$,%##(9$:"& %)$RMV$T]H_$=2/;$6D--#8$(O-(&2(),($/"$="&C$")$/;($@MV 6/%::$ ":$ /;($ @"2)/$ 7%6C$ N"&,($ 6/""9$ D-$ 2)$ 5%)$ P)/")2"K 7(O%6A$`-")$%&&21%#$2)/"$/;($/%6C$:"&,(K$2/$=%6$'%9($%YD)M 9%)/#8$,#(%&$/;%/$/"$Y($6D,,(66:D#K$L$;%9$/"$-D/$6-(,2%#/2(6 %629($%)9$:D),/2")$%6$%$E()(&%#$#"E26/2,2%)$2)$%$-D&(#8$%912M 6"&8$&"#(A$*8$Y"66(6$=(&($)"/$()/2&(#8$:%'2#2%&$=2/;$=;%/ LK$%6$%)$P2&$N"&,($."E26/2,6$H(%92)(66$R::2,(&K$,"D#9$,")M

/&2YD/($/"$/;($'2662")K$6"$'8$&"#($(1"#1(9$"1(&$/;($,"D&6( ":$/;($(O(&,26(A$$QD&(#8$Y8$12&/D($":$Y(2)E$2)$/;($P2&$N"&,(K 2)2/2%##8K$L$=%6$/%6C(9$=2/;$D62)E$/;($50!H07$-"&/2")$": >7\$%)9$5*5$/"$-&"129($L)/&%)62/$I262Y2#2/8$/"$/&%,C$/;( :#"=$":$%##$/%6C(9$D)2/6$&(E%&9#(66$":$/;(2&$'"9($":$/&%1(#A 7;(6($%&($-%66="&9$-&"/(,/(9$-&"E&%'6$/;%/$L$;%--()(9$/" ;%1($ %,,"D)/6$ :"&K$ %)9$ (O-(&2(),($ =2/;K$ Y(,%D6($ ":$ -&2"& %662E)'()/$/"$*,>D2&(Z6$P(&2%#$Q"&/$5jD%9&")A$L)$/;26$@MV :D),/2")K$ L$ ,&(%/(9$ %$ D)2/$ :#"=$ ,;%&/$ /;%/$ =%6$ &(-"&/(9 92&(,/#8$/"$/;($>()(&%#A$L$=%6$%#6"$&(6-")62Y#($:"&$&(,")M ,2#2)E$/;($7QN??$=2/;$/;($)"/2")%#$:"&,($'"1('()/6$%6 =(##$ %6$ 9(/(&'2)2)E$ /&%)6-"&/%/2")$ &(jD2&('()/6K$ %)9 '%/,;2)E$ /;('$ =2/;$ -&2'%&8p%#/(&)%/($ '"9(6$ ":$ /&%1(# Y%6(9$ D-")$ /;($ -%O$ %)9$ (j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


E+G EbE+SCPE K/C[CEL LE[E/PE kMN

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g'5$0% d'2#41$;% L#=#$8#% EF#.958#8,% ^D"'0'% 3R% U1.H -&":(662")%#$(9D,%/2")$,"D&6(6$/;%/$L$;%1($,"'-#(/M !'4=#a[EUO /#Z8%D"'0'_ (9A$ 7;($ P2&$ *"Y2#2/8$ R-(&%/2")6$ ,"D&6($ %)9$ /;( ."E$ Tcc$ ,"D&6($ /;%/$ L$ &(,()/#8$ %//()9(9$ =(&( ?D($ /"$ /;($ &(%,/21($ )%/D&($ ":$ /;($ @7NK$ '8$ &"#($ jD2,C#8 ,;%)E(9A$ R),($ %$ '%2)$ 6D--"&/$ Y%6($ =%6$ (6/%Y#26;(9K$ L$ =%6 2)1%#D%Y#($ 6"D&,(6$ ":$ 2):"&'%/2")A$ `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`/2#2+2)E$NPP$/""#6K$-&(12"D6 3"Y$(O-(&2(),(K$%)9$"/;(&$&(6"D&,(6K$L$-(&:"&'(9$%$62/($6D&1(8 ")$:"D&$-"/()/2%#$%2&:2(#9$Y(99"=)$#",%/2")6K$D#/2'%/(#8$&(,M "''()92)E$/;($62/($/;%/$=%6$6(#(,/(9A$P6$/;($(O(&,26($-&"M E&(66(9K$L$=%6$&(j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p?(-%&/D&($ !")/&"#$ >&"D-6$ %)9 *"1('()/$ !")/&"#$ 7(%'6$ -&"129(9$ E""9$ ,")/(O/$ :"&$ /;26 /%6C2)EA$P#6"$(66()/2%#$2)$/;26$/%6C$=%6$/;($%Y2#2/8$/"$,"''DM )2,%/($(::(,/21(#8$=2/;$/;($"/;(&$6(&12,(6$%)9$%,,"''"9%/( /;(2&$ D)2jD($ )((96$ =2/;2)$ /;($ :2)%#$ -#%)A$ N2)%##8K$ L$ =%6 &(jD2&(9$/"$="&C$=2/;$?.P$&(-&(6()/%/21(6$/"$-&",D&($'%66 %'"D)/6$":$#2:($6D--"&/$%)9$6D6/%2)'()/$(jD2-'()/$:"&$/;"6($

BM

PKUUE+

BMMN

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c\NH^d( 46++"-2$&( 3212*%-"'( 12( Ze( )*+( 0%,912 0%,,1-'E(>1-:$"&()MWE(f)(<A"+"(A"(*3(2A"(@=0(%5(2A" 0%,,1-'(H"1'*-"33(L#1+"3(;1471:"3(<*2A*-(2A"(L6##$& !*I*3*%-K(GQ,1*$S(L261+2KL%$%,%-b$1-:$"&K15K,*$(!



!


L69,*22"'(9&(TLJT(!1I*'(0A*47

?9I9)/<,D+ BJ?I5 @I/;;D+ @J;, 9>>9@,K)9d 7;(6($,;%&%,/(&26/2,6$'%C($D-$/;($_Ub/;$7&%2)2)E$5D--"&/$5jD%9&") L)/(&%,/21($ *D#/2'(92%$ L)6/&D,/2")$ FL*LG$ N#2E;/A$ P6$ -%&/$ ":$ P2& 09D,%/2")$ %)9$ 7&%2)2)E$ !"''%)9K$ T)9$ P2&$ N"&,(K$ ^T9$ 7&%2)2)E B2)EK$b^T9$7&%2)2)E$>&"D-K$/;(2&$'2662")$26$/"$9(1(#"-$-(&:"&'%),( 2'-&"1('()/$ 6"#D/2")6$ /;&"DE;$ 2)6/&D,/2")%#$ /(,;)"#"E8$ :"&$ <h P!!$%)9$<h$P*!$-(&6"))(#$2)$/;($%2&,&%:/$%)9$'2662#(p'D)2/2")6 '%2)/()%),($ ,%&((&$ :2(#96A$ 7;(8$ ;%1($ 6D,,((9(9$ 2)$ /%C2)E$ -(&:"&'M %),($ ,")6D#/2)E$ %)9$ 2)/(&%,/21($ 'D#/2'(92%$ 9(1(#"-'()/$ /"$ )(= ;(2E;/6$=2/;$%=%&9M=2))2)E$&(6D#/6$%/$2)9D6/&8K$P2&$N"&,(K$%)9$?"? #(1(#6A$!"'Y2)2)E$2))"1%/21($-("-#($=2/;$#(%92)E$(9E($/(,;)"#"E8$2) %)$ %66('Y#8$ #2)($ -&"9D,/2")$ ,"),(-/K$ /;26$ ")(M":M%MC2)9$ D)2/$ "::(&6 /;&(($ D)2jD($ 6(&12,(6d$ Q(&:"&'%),($ P)%#8626K$ L)6/&D,/2")%# ?(1(#"-'()/K$ %)9$ Q&"9D,/$ 5D6/%2)'()/A$ L:$ 8"D&$ D)2/$ 26$ 6/&DEE#2)E =2/;$-(&:"&'%),($-&"Y#('6K$/;()$-(&;%-6$/;($_Ub$L*L$N#2E;/Z6$6(&12,M (6$%&($(O%,/#8$=;%/$8"D$)((9A$ !"#$%#&'()"#)#'*$)+,-'...

EbSED*C</O7 +E7EOPE

BQ


E+G LEYE7<DC/) DE+[<+UO/SE CUD+<YEUE/* P<7K*C</P

L/$%##$6/%&/6$=2/;$Q(&:"&'%),($P)%#8626k/;($:2&6/$6/%E($2)$/;(2& -&"9D,/2")$ #2)(A$ 7;&"DE;$ 8(%&6$ ":$ (O-(&2(),($ 2)$ 2)6/&D,/2")%# /(,;)"#"E8$ %)9$ =2/;$ ,(&/2:2,%/2")6$ :&"'$ .%)E(12)$ .(%&)2)E 5(&12,(6$ %)9$ Q&%,/2,%#$ *%)%E('()/K$ L),A$ ="&C6;"-6K$ /;(8Z&( ,")12),(9$ /;%/$ 2'-&"12)E$ -(&:"&'%),($ &(jD2&(6$ %$ 9(/%2#(9 D)9(&6/%)92)E$ ":$ /;($ &""/M,%D6(6$ ":$ %$ -(&:"&'%),($ -&"Y#('A B;2#($#(%9(&6$%)9$'%)%E(&6$%&($":/()$%=%&($":$/;(2&$D)2/Z6$-(&M :"&'%),($-&"Y#('6K$/;(8$&%&(#8$;%1($/;($/2'($/"$,")9D,/$%$/;"&M "DE;$6/D98$Y(:"&($9(,292)E$")$%$6"#D/2")A$7;($&(6D#/$26$":/()$% 6"#D/2")$ /;%/$ /%&E(/6$ %$ 68'-/"'$ ":$ %$ -&"Y#('K$ )"/$ /;($ %,/D%# ,%D6(A$*%)8$/2'(6K$/;(2&$6"#D/2")6$2)1"#1($/&%2)2)EA$f(/K$/&%2)2)E 9"(6)Z/$%#=%86$6"#1($-(&:"&'%),($-&"Y#('6A$7;%/Z6$Y(,%D6($/&%2)M 2)E$2'-&"1(6$%$="&C(&Z6$C)"=#(9E($"&$6C2##$%/$%)8$E21()$/%6CA$L: P.O S".580'I"#.% S% c#345058@% 2(4052#;51% 6.1I"59% f'(.$#R21$@% C$0#.1905># ="&C(&6$&(,(21($%##$/;($/&%2)2)E$2)$/;($="&#9K$/;($D)2/$,"D#9$6/2## U(4052#;51% C$80.(908% ^CUC_% =456"0@% QJ\0"% *.15$5$6% P(II'.0% Pe(1;.'$% ^QJ\ 6D::(&$:&"'$-(&:"&'%),($-&"Y#('6$,%D6(9$Y8$"/;(&$:%,/"&6$6D,;$%6 *+PP_@%:B$;%*.15$5$6%!5$6@%d544%O[?@%K*@%(8#8%8010#%'=%0"#%1.0%9'2I(0#.%1$5T ()12&")'()/K$ '"/21%/2")K$ %)9p"&$ -""&$ 2),()/21(6A$ 7;%/Z6$ =;8K 2105'$%8'=0Z1.#%0'%9.#10#8%1%0".##%;52#$85'$14%6.1I"598%2';#4%'=%%1$%[TAX E164#% ='.% (8#% 5$% 9(..#$0% 1$;% =(0(.#% 9'(.8#Z1.#% $##;#;% 0'% 0.15$% =456"0% 45$# Y(:"&($ ,"''(),2)E$ 2)$ %)8$ /&%2)2)E$ 9(1(#"-'()/$ /;%/$ ,"D#9 215$015$#.8,%^KPO[%D"'0'%3R%*P)* c523#.4R%O &#1.R#1$TP5#.8_ -"/()/2%##8$ (O-()9$ &(6"D&,(6$ )((9#(66#8K$ /;($ Q(&:"&'%),( P)%#8626$(O-(&/6$,")9D,/$%$/;"&"DE;$%)%#8626$":$/;($-(&:"&'%),( -&"Y#('6$/"$926,"1(&$/;($&""/$,%D6(6A$7;(8$D6($/;26$2):"&'%/2")K$%#")E$=2/;$2)-D/$:&"'$/;($,D6/"'(&K$/"$9(1(#"-$-&%,/2,%# 6"#D/2")6$/;%/$/%&E(/$(%,;$":$/;($926,"1(&(9$,%D6(6A$L:$/;($%)%#8626$&(1(%#(9$/;%/$%$#%,C$":$C)"=#(9E($"&$6C2##$26$,%D62)E$%$-(&M :"&'%),($-&"Y#('K$/;()$/;($-&"3(,/$'"1(6$/"$L*L$N#2E;/Z6$6(,")9$6/%E($":$/;(2&$-&"9D,/2")$#2)(d$L)6/&D,/2")%#$?(1(#"-'()/A$ L)6/&D,/2")%#$?(1(#"-'()/$D6(6$2):"&'%/2")$%Y"D/$/;($C)"=#(9E(p6C2##$E%-$29()/2:2(9$2)$/;($Q(&:"&'%),($P)%#8626$-;%6( /"$YD2#9$%$/&%2)2)E$-&"9D,/$/%&E(/(9$%/$Y&29E2)E$%$6-(,2:2,$E%-A$L)$/;26$-;%6(K$/;(8$:",D6$6"#(#8$")$/&%2)2)EA$B2/;$'%)8 -"66(662)E$L)6/&D,/2")%#$7(,;)"#"E8$!(&/2:2,%/(6$:&"'$`/%;$5/%/($`)21(&62/8K$/;(6($(O-(&/6$%--#8$/;($'"6/$%91%),(9$/(,;M )2jD(6$2)$L)6/&D,/2")%#$586/('6$?(1(#"-'()/$/"$/%C($%$,"D&6($:&"'$,"),(-/$/"$-&"9D,/A$B;(/;(&$6(#(,/2)E$:&"'$%$!?M HR*K$129("/%-(K$=(YMY%6(9$,"D&6(K$"&$%$6D--#('()/$/"$6/%)9MD-$2)6/&D,/2")e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d544%O[?@%K*@%%18%1%8(3f#90%2100#.%#FI#.0%PP60 ).1R8'$% PI#5#.% 1$;% PP60% g'$% &'($6@% 9'(.8#Z1.#% ;#856$#.8@% C$0#.1905>#% U(4052#;51% [456"0% ^CUC_@% QJ\0" /;($L*L$N#2E;/Z6$/;2&9$6/%E($":$/;(2&$-&"M *.15$5$6%P(II'.0%Pe(1;.'$%^QJ\%*+PP_@%:B$;%*.15$5$6%!5$6@%d544%O[?@%K*@%.#>5#Z%5$='.2105'$%='.%199(.19R 9D,/2")$#2)(d$Q&"9D,/$5D6/%2)'()/A 3#='.#%8#$;5$6%Z'.H5$6%'.;#.8%0'%0"#%;#>#4'I2#$0%3.1$9",%^KPO[%D"'0'%3R%*P)* c523#.4R%O &#1.R#1$TP5#.8_

BN

PKUUE+

BMMN


7;($ Q&"9D,/$ 5D6/%2)'()/$ 6-(,2%#26/6$ '%)%E($ (%,;$ /&%2)2)E$ -&"9D,/ /;&"DE;$2/6$-"6/M:2(#9(9$#2:(,8,#(A$7;(8$,")6/%)/#8$(1%#D%/($/;($/(,;)2,%# %,,D&%,8$":$(%,;$-&"9D,/$/"$()6D&($%)$D-9%/(9$1(&62")$26$%#=%86$%1%2#%Y#(A 7;(8$%#6"$'(%6D&($D/2#2+%/2")$%)9$,D6/"'(&$6%/26:%,/2")$#(1(#6A$SD/$/;%/Z6 3D6/$ /;($ Y(E2))2)EA$ 7;($ _Ub/;$ L*L$ N#2E;/$ 26$ %#6"$ ")$ /;($ ,D//2)E$ (9E($ ": /&%2)2)E$(1%#D%/2")6e$9(1(#"-2)E$-&%,/2,(6$/"$6D&'"D)/$/;($92::2,D#/$/%6C$": E%DE2)E$-&"9D,/$(::(,/21()(66$%)9$&(/D&)$")$2)1(6/'()/A$N&"'$/(O/Y""C$/" -&%,/2,(K$ /;(8$ %&($ /%2#"&2)E$ /;($ '"6/$ -&"1()$ /(,;)2jD(6$ :"&$ (1%#D%/2)E /&%2)2)E$-&"E&%'6$/"$:2/$/;($="&#9$":$2)/(&%,/21($,"D&6(=%&(A$7;($&(6D#/6$%&( jD%#2/8K$ :%,/M Y%6(9K$ 9(,2M 62")6$ %Y"D/ /;($ :D/D&($ ": (%,;$ /&%2)2)E -&"9D,/$ 6" !"#$%&! 8"D$ ,%)$ &(6/ %66D&(9$ 8"D& -("-#($ %&( /%C2)E$ /;( '"6/$(::(,/21(K ()3"8%Y#(K$%)9 -(&/2)()/ /&%2)2)E$ -&"9M D,/6A$

PP60% P1$ZR$% L1R8% ^=.'$0_% 1$;% UP60% )4#$$% ?'(;.#1(@ S'(.8#Z1.#% L#>#4'I#.@% QJ\0"%*.15$5$6% P(II'.0% ).'(I@% :B *.15$5$6%!5$6@%d544%O[?@%K*@%I.#I1.#%'(045$#8%1$;%.#8#1.9" 5$='.2105'$%I.5'.%0'%6'5$6%5$0'%0"#%=5#4;%0'%I#.='.2%1%9'(.8#T Z1.#%1$14R858%0'%;#0#.25$#%Z"10%H5$;%5=%1$R%0.15$5$6%I.';(90 58% $##;#;,% ^KPO[% D"'0'% 3R% *P)* c523#.4R% O &#1.R#1$T P5#.8_

B%)/$ '"&($ 2):"&'%/2")r$ !;(,C$ "D/$ /;(2&$ 9('"$ !?$ F%//%,;(9GA$ L:$ /;%/Z6 )"/$ ()"DE;K$ 1262/$ /;(2&$ =(Y$ 62/($ %/$ #))1^GG===9#&,,9$29+&,GM_N)-00GA$ 7;(&(K 8"DZ##$Y($%Y#($/"$9"=)#"%9$2)/(&%,/21($,"D&6(6$/;&"DE;$/;(2&$L*L$!%/%#"EK Y&"=6($ /;&"DE;$ %)9$ D6($ E&%-;2,6$ :&"'$ /;(2&$ L*L$ _?$ *"9(#$ .2Y&%&8K$ "& "Y/%2)$,")/%,/$2):"&'%/2")A H('('Y(&K$/;($_Ub/;$L*L$N#2E;/$26$;(&($/"$6(&1($8"D$/;&"DE;$/;&(($D)2jD( 6(&12,(6A$ N&"'$ D-M:&")/$ Q(&:"&'%),($ P)%#8626$ /"$ L)6/&D,/2")%# ?(1(#"-'()/$ /"$ Q&"9D,/$ 5D6/%2)'()/K$ /;(8Z&($ 6(&2"D6$ %Y"D/$ ;(#-2)E$ 8"D 2'-&"1($-(&:"&'%),(A$5"$/;($)(O/$/2'($8"DZ&($:%,(9$=2/;$/"DE;$9(,262")6 %Y"D/$ -(&:"&'%),(AAA7;2)C$ L'-&"1('()/AAA7;2)C$ _Ub$ 7H55$ L)/(&%,/21( *D#/2'(92%$L)6/&D,/2")$N#2E;/A$ T"4A-*41$( L"+:"1-2( !1I*'( 0A*47( *3( 133*:-"'( 2%( 2A"( ghi2A( T+1*-*-: L6##%+2( L[61'+%-E( Z*$$( )MW( a21AE( 13( 1( ;"+5%+,1-4"( )-1$&3*3( T"1, >"1'"+K(Z"(A13(9""-(<%+7*-:(*-(2A"(5*"$'(%5(;"+5%+,1-4"()-1$&3*3(3*-4" \]]N( 1-'( A13( 4%,#$"2"'( A*3( 4"+2*5*412*%-( 13( 1( ;"+5%+,1-4"( )-1$&3*3 0%-36$21-2(2A+%6:A(fBa>"1+-*-:(=-4(1-'(T+1*-*-:(/1:1D*-"K((Z"(A13 +"4"*I"'($%41$(1-'(4%,,1-'(+"4%:-*2*%-(5%+(A*3(4%-2+*962*%-3(1-'(A*3(<%+7 *-(2A*3(5*"$'K(( !

PP60% g#==.#R% +#61$@% 9'(.8#Z1.#% ;#856$#.@% C$0#.1905># U(4052#;51% [456"0% ^CUC_@% QJ\0"% *.15$5$6% P(II'.0% Pe(1;.'$ ^QJ\% *+PP_@% :B$;% *.15$5$6% !5$6@% d544% O[?@% K*@% % ;#2'$T 80.10#8% "'Z% 0'% (8#% E2#.6#$9R% E891I#% ?.#10"5$6% L#>59# ^EE?L_% ;(.5$6% 1% I"'0'% 1$;% >5;#'% 8"''0% ='.% 1% 2(4052#;51 0.15$5$6%I.';(90%0'%5$80.(90%=456"0%45$#%215$015$#.8%'$%#6.#88 1$;%#2#.6#$9R%I.'9#;(.#8%='.%0"#%%cSTAM%#F0#$;#.,%^KPO[ D"'0'%3R%*P)* c523#.4R%O &#1.R#1$TP5#.8_ EbSED*C</O7 +E7EOPE

BX


L69,*22"'(9&(/1P(H%9"+2(01$$1A1`9992/-(=$")(/2($("$&,()#*(0#/*(=$0(,/0)a(2/-(=$")(/2($(0#/*()#*(#/-0*(=$0(,/0)a($"7(2/-(=$")(/2($(#/-0*()#*(-&7*-(=$0(,/0)9` WWS()3%'2)$N&%)C#2)K$*%O2'6$-&(:2O(9$/"$A//-(L&%#$-7\0(E,+$"$%K$]bqb 0)/(&-&26($'%)%E('()/$":$,")6D'%Y#($2/('6$;%6$/&D#8$,"'($/"$/;($:"&(:&")/$":$6D--#8$,;%2)$6"#D/2")6$/;%/$"::(&$/;($E&(%/(6/$&(/D&)$") "D&$'"6/$2'-"&/%)/$-&"9D,/6MP2&,&%:/$P1%2#%Y2#2/8$FPPG$%)9$&(%92)(66A$L)$/%)9('K$/;($?(:()6($."E26/2,6$PE(),8$F?.PG$%)9$/;($PN '%)%E($'"&($/;%)$")($'2##2")$,")6D'%Y#($%12%/2")$2)1(6/'()/$2/('6$/;%/$&(6D#/$2)$6%#(6$(O,((92)E$a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e(1;.'$%10%?16.12%O5.%?18#@%O=6"1$5801$%.#I419#%I1.08%'$%0"#%=5.80%OTAM%6'5$6%0".'(6"%9'$05$6#$9R%I"18# 215$0#$1$9#%"#.#,%^K,P,O,[,%I"'0'%3R%*#9",%P60,%O;12%g'"$80'$_

BJ

PKUUE+

BMMN


$7"0-, +. -+%!2704*/ $,/7! -0"04$*$,$/! 0%5 #/05$%/!!

+%

0.< ?0#.$&6,$%& %)%#8626$%#E"&2/;'6$%)9$#(1(&%E(9$,"##%Y"&%/21($9%/%$6;%&2)E$/"

RD&$,D&&()/$-"#2,2(6K$-&",(66(6K$%)9$686/('6$&(6D#/$2)$&(#%/21(M #8$ 2)(O-()621($ ,")6D'%Y#($ 2/('6$ ,")/&2YD/2)E$ %)$ 2)"&92)%/( %'"D)/$/"=%&9$/;($PN$7\*!5$&%/(6A$?D&2)E$NfXT$%)9$NfX_K ?.P$,")6D'%Y#($2/('6$%,,"D)/(9$:"&$q_Mq^w$":$/;($/"/%#$PN *L!PQ$ ;"D&6e$ ,"),D&&()/#8K$ PN$ '%)%E(9$ ,")6D'%Y#(6$ "D/M -%,(9$62'2#%&#8$-&2,(9$&(-%&%Y#($2/('$*L!PQ$;"D&6$Y8$%$&%/2" ":$Td]A$$?.P$2/('6$,"6/2)E$#(66$/;%)$a]XX$%,,"D)/(9$:"&$_qM V_w$":$PN$*L!PQ$;"D&6$9D&2)E$NfXT$%)9$NfX_A$52'2#%&#8K PN$'%)%E(9$,")6D'%Y#($2/('6$,"6/2)E$aqXX$E()(&%/(9$/=2,( %6$ '%)8$ *L!PQ$ ;"D&6$ %6$ &(-%&%Y#($ 2/('6$ ,"6/2)E$ /;($ 6%'( %'"D)/A$ L)$ %992/2")$ /"$ '%)%E2)E$ %$ &(#%/21($ ;%)9:D#$ ":$ ,")M 6D'%Y#($ 2/('6K$ /;($ *%/(&2(#$ 5D--"&/$ ?21262") F*5?G$'%)%E(6$"1(&$]qb4$PN$&(-%&%Y#($2/('6M /;"6($ 2/('6$ /;%/$ %&($ (,")"'2,%#$ /"$ &(-%2&A$ 7;( /%Y#($ Y(#"=$ 6/&%/2:2(6$ /;($ ?.P$ %)9$ *5?$ NfX_ *L!PQ$ ;"D&6$ Y8$ D)2/$ -&2,(A$ P6$ ;2E;#2E;/(9$ 2) /;($ /%Y#(K$ :"&$ "1(&$ VXw$ ":$ /;($ ?.P$ x$ PN *L!PQ$ ;"D&6K$ /;($ D)2/$ -&2,($ &%/2"$ 26$ a]XXd a]XKXXXM/;($(jD21%#()/$":$")($-())8$-(&$9"##%&A

&(9D,($!D6/"'(&$B%2/$72'(6$F!B76G$%/$/;($PN$9(-"/6$Y8$Uqw 9D&2)E$/;($:2&6/$8(%&$":$2'-#('()/%/2")A$5-D&&(9$")$Y8$/;26$'")M D'()/%#$ 6D,,(66K$ =($ 6"DE;/$ /"$ 2'-#('()/$ !R.7$ %/$ /;($ &(/%2# (,;(#")$ ":$ /;($ 6D--#8$ ,;%2)M=;2,;$ =($ Y(E%)$ 9"2)E$ 2)$ !fX_A <"=(1(&K$=;2#($!R.7$%99&(66(6$%$62E)2:2,%)/$-"&/2")$":$/;($/"/%# -"-D#%/2")$":$,")6D'%Y#($2/('6K$2/$26$)"/$%--#2(9$/"$PNM'%)%E(9 ,")6D'%Y#($ 2/('6A$ 7;($ PN$ 2)2/2%/(9$ %)%#86(6$ /"$ 6((C$ 62'2#%& 2'-&"1('()/6$2)$PNM'%)%E(9$,")6D'%Y#($2/('6$%,;2(1(9$=2/; ?.P$,")6D'%Y#($2/('6A$4(8$/"$/;($'%)%E('()/$":$,")6D'%Y#( 2/('6K$PN*!$6"DE;/$/"$,")/2)D($9(1(#"-2)E$,"##%Y"&%/21($()/(&M -&26($ 6D--#8$ ,;%2)$ 6"#D/2")6$ =2/;$ ?.PA$ L)/(&)%##8K$ =($ Y(E%) !"#$%#&'()"#)#'*$)+,-'...

0.7-<A<5*0>>></3$5/%-/ +. $%-#/0!$%& 0. -0"04$*$,$/! A<#/05$%/!!

Q&(6()/(9$=2/;$/;26K$P2&$N"&,($*%/(&2(#$!"''%)9 FPN*!G$ 2)2/2%/(9$ %)9$ 2)/(E&%/(9$ 6(1(&%#$ 2)2/2%M /21(6$/"$2'-&"1($/;($6D--"&/%Y2#2/8$":$,")6D'%Y#( 2/('6A$P6$&(:#(,/(9$2)$/;($:2ED&($Y(#"=K$62E)2:2,%)/ -&"E&(66$;%6$Y(()$'%9(M%)9$,")/2)D(6$/"$Y($'%9(M 2)$&(9D,2)E$PN$*5?$%)9$?.P /"/%#$ *L!PQ$ ;"D&6$ :&"'$ ]]* ,04*/ B><.;()<7!5< 3! 5*0 7$-0" 6 +2#! ! ,#0,$.$/5 4; 2 %$, " #$-/ J/;-%*^(EF(Q"/=,*7'*(J.0)*+(bEFQJc ;"D&6$2)$R,/$XX$/"$#(66$/;%)$U* 2CDE<"FDGH<IJ<< 7!5<7$-0" K<IJ< 7!5< 5*0 K<IJ 5*0 ;"D&6$ 2)$ R,/$ X_A$ ?D&2)E$ /;( 7$-0" $EHL 6IMFN 7!5 #MCCDCO 7$-0" 5*0 7$-0" #MCCDCO 6%'($ -(&2"9$ ":$ /2'(K$ PN 7$-0" 6FN !ML 6IMFN 6FN !ML 7\*!5$ &%/(6M=;2,;$ %&( lmAMM BMM@J]Q M,\Qn M,\Qn AX@XM\@]]] NB,\Nn P'>QPK opmAMM%`%l%mXMM :XM@A:Q Q,M:n Q,:An :@JNX@AJ] BQ,:Bn JJ,XJn 2'-%,/(9$ Y8$ PN$ *5?$ %)9 opmXMM%`%lmA@MMM A@AM]@QXQ N,MBn \,:Qn Q@\JN@::N AM,Q\n \J,]Qn ?.P$ *L!PQ$ ;"D&6M;%1( opmAMMM%`%lmB@XMM B@A:J@AAA \,]Bn AX,\Jn N@M\A@B\X AA,BBn ::,AXn 9(,#2)(9$ :&"'$ %#'"6/$ ]_w$ /" opmBXMM%`%lmXMMM B@]N]@AM: AM,J]n BJ,NXn B@BQX@\MN J,AJn ]N,QAn %#'"6/$cwA pomX@MMM%`%lmAM@MMM Q@]QX@MX: AN,B\n P(>QBK A@BMX@BMJ Q,QBn ]\,JQn L)$#%/($NfX]K$PN*!$9(1(#"-(9 %)9$2'-#('()/(9$/;($!D6/"'(& R&2()/(9$ .(1(#2)E$ 7(,;)2jD( F!R.7GA$ 7;26$ '"9(#$ 6(/$ /;( 6/%E($:"&$'%)8$:"##"=M")$2)2/2%M /21(6A$ !R.7$ D6(9$ '%&E2)%#

opmAM@MMM%`%lmBX@MMM opmBX@MMM%`%lmXM@MMM opmXM@MMM%`%lmAMM@MMM opmAMM@MMM%`%lmBXM@MMM opmBXM@MMM%`%lmXMM@MMM opmXMM@MMM%`%lmA@MMM@MMM pmA@MMM@MMM

N@]MM@:\M Q@JMJ@NAQ B@]NA@XAB B@NNJ@NBJ A@B\:@NNQ NAA@\J] \J]@AQM B\@X:X@MJ]

A\,\\n AQ,M\n AM,JJn :,:\n N,JQn A,N]n B,\]n

X:,N:n \A,XXn :B,BBn ]A,M:n ]X,\Bn ]\,BAn AMM,MMn

JJQ@NNA AA\@MXX N\@NMA BA@:\N X@A:N Q@NJ\ X] QJ@B::@\A:

A,:Qn M,QBn M,AQn M,MJn M,MAn M,MAn M,MMn

]],NJn ]],\]n ]],]Bn ]],]:n ]],]]n AMM,MMn AMM,MMn

EbSED*C</O7 +E7EOPE

B\


9(1(#"-2)E$ '"9(#6$ /;%/ 6"DE;/$ /"$ "-/2'2+($ /;( 926/&2YD/2")$ ":$ :D)96 %,&"66$ "D&$ 9(-"/$ ()/(&M -&26(M()6D&2)E$ =(Z1($ "-/2M '2+(9$ /;($ %##",%/2")$ ": 9"##%&6$ /"$ &(-%2&K$ 16A$ /;( Y2/6$ Z)$ -2(,(6$ )((9(9$ :"& /;"6($ &(-%2&6A$ .%6/K$ ,"'M -#82)E$ =2/;$ '%)9%/(6$ /" &('"1($ /;($ !")/&%,/ ?(-"/$ *%2)/()%),( P,/212/8$ >&"D-$ :&"'$ /;( B"&C2)E$ !%-2/%#$ ND)9K =($ :",D6(9$ ")$ /;($ '%)M %E('()/$ ":$ ,")6D'%Y#(6 /"$ ,")/&%,/$ 6"D&,(6A$ L) O5.2#$% ;589'$$#90% 1% STAQM% d#.9(4#8% .(;;#. -%&/2,D#%&K$ =($ 6"DE;/$ /" =.'2%1%>#.05914%8013545V#.%f(80%3#='.#%4'Z#.5$6%50 0'% 215$015$#.8,% *"#% BQT=''0% .(;;#.% Z18 921(6/$/;($&26C$%)9$,"6/$": .#2'>#;%0'%144'Z%'0"#.%215$0#$1$9#,%^K,P,O,[, ,")/2)D%##8$ -&"1292)E I"'0'%3R%U180#.%P60,%+'3#.0%!#R2'(0"_%% ,")6D'%Y#($2/('6$/"$,")M /&%,/"&6$%6$>"1(&)'()/$ND&)26;(9$*%/(&2(#$F>N*GA 7;($&(6D#/6$":$/;(6($(::"&/6$9D&2)E$!fX_$;%1($Y(()$-;()"'M ()%#A$S8$'%2)/%2)2)E$!R.7$9D&2)E$NfX_K$=($%1"29(9$6-()9M 2)E$ aqX*$ :"&$ (O,;%)E(%Y#($ 2)1()/"&2(6M%$ &(/D&)$ ")$ 2)1(6/M '()/$ FHRLG$ ":$ TXXX$ /"$ ]g$ 0%&#8$ !R.7$ 2'-#('()/%/2") &(6D#/6$%/$5(8'"D&$@";)6")$PNS$%)9$7&%126$PNS$;%1($6(() *L!PQ$ ;"D&6$ &(9D,(9 q_w$ %)9$ !B7$ &(9D,(9 T]wK$ =2/;$ )"$ %992/2")%# 2)1()/"&8$ 2)1(6/'()/A$ P6 =($ (O-"&/$ !R.7$ /"$ "/;(& PN$ Y%6(6K$ =($ %)/2,2-%/( "D&$,D&&()/$HRL$":$Tq$/"$] &('%2)2)E$ &(#%/21(#8$ ,")M 6/%)/K$ YD/$ /;($ &(/D&)$ ") PP$ =2##$ E&"=$ =2/;$ (%,; 2'-#('()/%/2")A$ N",D6(9 ")$ 2'-&"12)E$ "D&$ 6D--"&/ /"$ PNM'%)%E(9$ ,")6D'M %Y#($2/('6K$=($%)/2,2-%/($% Tqw$ &(9D,/2")$ 2)$ *L!PQ O 9.#Z9"5#=% =.'2% 0"#% JMX0"% O5.9.1=0 )#$#.105'$% Pe(1;.'$% 10% U9)(5.#% O5.% ['.9# ;"D&6$ :"&$ /;(6($ -%&/6$ =2/; ?18#@% /,g,@% .#2'>#8% #F9#88% =4(5;8% =.'2% 0"# )"$ 2),&(%6($ 2)$ ,"6/M%) #$65$#%1=0#.%9"1$65$6%'(0%#$65$#%I1.08%'$%1 %)/2,2-%/(9$HRL$":$VX$/"$]A cSTAMO EF0#$;#.,% ^K,P,O,[,% I"'0'% 3R% P01== RD&$2)2/2%/21($/"$(#2'2)%/( P60,%c#$%?#.621$$_ B:

PKUUE+

BMMN

?.PM'%)%E(9$2/('6$%6$>N*$26$-&"3(,/(9$/"$&(9D,($"D&$>N* 2)1()/"&2(6$ :&"'$ aqXX*$ /"9%8$ /"$ #(66$ /;%)$ a]XX*$ 2)$ /;( )(O/$,"D-#($":$8(%&6A$ND&/;(&'"&(K$=($%)/2,2-%/($-%662)E$") /;($_w$&(9D,/2")$2)$,")/&%,/$,"6/6$:"&$/;(6($>N*$,")/&%,/6 /"$"D&$,D6/"'(&K$/;($=%&:2E;/2)E$"-(&%/2")%#$D)2/6A$.%6/K$"D& 2)2/2%/21(6$ /"$ ,"##%Y"&%/($ =2/;$ ?.P$ ")$ ()/(&-&26($ 6"#D/2")6 %)9$9(1(#"-$"D&$"=)$2)/(&)%#$:D)92)E$/&%9(M"::$'"9(#6$"::(& 62E)2:2,%)/$-&"'26($%6$=($,")/2)D%##8$6((C$/"$%,;2(1($PP$%/ &(9D,(9$,"6/6A$7;26$&('%2)6$"D&$/&D($:",D6A 7;($&(#%/21(#8$2)(OM R" /%%; ?$!/ 9< "+2%5 .++*$!6 R -()621($ )%/D&($ ": ddL/<*-)(T;-)/"C(E"$)/+.(/2 ,")6D'%Y#($ 2/('6K ?*,$"%#/,.9(V*+/%-&);0()/()#* /;(2&$ -(&1%621()(66 L*$7*-9 2)$ 6D--#8$ ,;%2) -&",(66(6K$ %)9$ /;( ,"#"66%#$ -"/()/2%#$ E%2)6$ :&"'$ &(9D,2)E$ 7\*!5$ /;&"DE; 2'-&"1(9$ ()/(&-&26($ ,")6D'%Y#($ 2/('$ 6D--#8$ ,;%2)$ 6"#D/2")6K %##$%99$D-$/"$2),&(%6(9$PP$:"&$-())2(6$")$/;($9"##%&A$$P6$(12M 9(),(9$Y8$/;($Vqw$&(9D,/2")$2)$*L!PQ$;"D&6$%)9$/;($_]w &(9D,/2")$2)$7\*!5$&%/(6$9D&2)E$/;($#%6/$/;&(($8(%&6K$/;($PN %)9$?.P$;%1($'%9($()"&'"D6$6/&29(6$/"=%&9$2'-&"12)E$6D-M -#8$,;%2)$6D--"&/$/"$/;($=%&:2E;/(&A$<"=(1(&K$/;($(129(),($%#6" 6DEE(6/6$/;%/$"D&$6D--#8$,;%2)$-&",(66(6$%##"=$&(#%/21(#8$2)(OM -()621($,")6D'%Y#($2/('6$/"$,")/&2YD/($%)$2)"&92)%/($%'"D)/ /"=%&9$PN$*L!PQ$;"D&6$%)9$7\*!5$&%/(6A$$P6$=($'"1($:"&M =%&9$2)$9(1(#"-2)E$()/(&-&26($6D--#8$,;%2)$6"#D/2")6K$=($)((9 /"$ ,%D/2"D6#8$ %1"29$ Y(2)E$ [-())8$ =26(K$ -"D)9$ :""#26;mA R/;(&=26(K$%6$"D&$9%/%$6;"=6$D6$/"9%8K$=(Z##$:2)9$/;%/$Z:"&$=%)/ ":$%$,")6D'%Y#(AAA$%2&,&%:/$%1%2#%Y2#2/8$26$#"6/ZA /1P(H%9"+2(01$$1A1-(*3(2A"(0A*"5(%5(2A"(>%:*32*43(;+%:+1,3 W+1-4A(<*2A*-(2A"(>%:*32*43(!*+"42%+12"(%5(Ze()M/0K(=1''*2*%-(2%(>J=;('"I"$%#*-:(1-'(+"#%+2*-:(,"2+*43(+"$12*-: 2%( 36##$&( #"+5%+,1-4"( %5( 2A"( L6##$&( /1-1:","-2( /*33*%)+"1( cL//)dE( A*3( 9+1-4A( 1$3%( $"1'3( 2A"( 2+1-3*2*%-( %5( 1 j\KkW(1--61$(0%-2+142(!"#%2(/1*-2"-1-4"(c0!/d(+"#1*+ 1-'(%I"+A16$(#+%:+1,(2%(1('*+"42(4*2"(#+%4"33K(M6+2A"+,%+"E A*3(9+1-4A('"I"$%#3(#%$*4*"3(1-'(#+%Q 4"'6+"3( :%I"+-*-:( 2A"( 3&32",3( 2A12 *-'642( jNK\W( 1--61$$&( *-( %+:1-*4 ,1*-2"-1-4"( %I"+A16$( 1-'( +"#1*+ +"[6*+","-23E(1-'(j\hW(*-(5%+"4132Q "'( ,1*-2"-1-4"( +"#1*+( 1-'( %I"+A16$ 142*I*2*"3( 14+%33( 2A"( Ml!;K( G,1*$S +%9"+2K41$$1A1-b<#159K15K,*$( !


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


!"#$%&'"()*+ ,'","-(% L69,*22"'(9&(((>2(B12A1-(/4>"%'QZ6:A"3 R)#8$%$:(=$8(%&6$%E"K$/;($P2&$N"&,($=%6$/&%2)2)E$6"'($":$2/6$#"EE2(6 2)$%$:(=$92::(&()/$=%86A$P6$%$7&%)6-"&/%/2")$R::2,(&K$8"D$6-()/$6(1M (&%#$=((C6$2)$/(,;$6,;""#$#(%&)2)E$%Y"D/$/;($:"D&$:#2E;/6$/;%/$'%9( D-$ %$ /8-2,%#$ E&"D)9$ /&%)6-"&/%/2")$ D)2/d$ I(;2,#($ R-(&%/2")6$ F/;( 9%8M/"M9%8$"-(&%/2")6$%)9$6D--"&/$":$/;($Y%6($1(;2,#($:#((/Ge$I(;2,#( *%2)/()%),($ F-&"1292)E$ (1(&8/;2)E$ :&"'$ 6,;(9D#(9$ "2#$ ,;%)E(6$ /" ()E2)($&(-#%,('()/6$")$/;($Y%6($:#((/Ge$7&%::2,$*%)%E('()/$R::2,( F9(%#2)E$ =2/;$ /;($ Q!5$ '"1(6$ ":$ -(&6"))(#$ %)9$ /;(2&$ ;"D6(;"#9 E""96K$ %9$ ,%&E"$ '"1('()/Ge$ %)9$ /;($ !"'Y%/$ H(%92)(66$ N#2E;/ F=;2,;$ ,"1(&(9$ %$ 1%6/$ %&&%8$ ":$ 6jD%9&")$ -&"E&%'$ '%)%E('()/K$ /" 2),#D9($ 5RH75K$ 9(-#"8'()/$ -#%))2)EK$ %)9$ 6D--"&/$ %E&(('()/6GA \"/$/"$'()/2")$%$#""C$%/$/;($%2&M629($":$/&%)6-"&/%/2")d$/;($P(&2%# Q"&/6$F=;"6($="&#9$26$62'2#%&$/"$%)$%2&-"&/K$,"1(&2)E$(1(&8/;2)E$:&"' '"12)E$,%&E"$%)9$-(&6"))(#K$/"$:#((/$6(&12,(GA P6$%$5D--#8$R::2,(&K$8"D$,"D#9$(O-(,/$/"$6-()9$6(1(&%#$=((C6$2)$/(,; 6,;""#K$#(%&)2)E$%Y"D/$/;($:21($92::(&()/$:#2E;/6d$*%/(&2(#$5/"&%E($%)9 ?26/&2YD/2")$F(1(&8/;2)E$9(%#2)E$=2/;$&(,(212)EK$6/"&2)E$%)9$266D2)E$2/('6Ge$!"'Y%/$R-(&%/2")6$5D--"&/$F&(6-")62Y#($:"&$/;( -%&/6$6/"&(6K$6-%&($C2/6$%)9$*L!PQ$6D--"&/Ge$*%/(&2%#$*%)%E('()/$F6(&1(9$%6$/;($Y%6($6D--#8$,D6/"'(&$6(&12,(K$6/",C$,")/&"# %)9$ (jD2-'()/$ '%)%E('()/Ge$ *%)%E('()/$ %)9$ 586/('6$ F9(%#2)E$ =2/;$ '%)%E(&2%#$ "1(&62E;/$ :D),/2")6$ 6D,;$ %6$ L)1()/"&8K ?",D'()/$ !")/&"#$ %)9$ Q&",(9D&(6pP)%#8626Ge$ %)9$ ND(#6$ F(1(&8/;2)E$ &(#%/(9$ /"$ &(,(212)EK$ 6/"&2)EK$ %)9$ 926-()62)E %12%/2")pE&"D)9$:D(#GA$P6$%$."E$Q#%))(&K$'"6/$": /;($"::2,(&6$=(&($,&"66M/&%2)((6$:&"'$"/;(&$,%&((& :2(#96$ %)9$ ")#8$ &(,()/#8$ 6/%&/(9$ /%C2)E$ %,,(662") "::2,(&6A$ 7;(2&$ /&%2)2)E$ ,"D&6($ ,"1(&(9$ ")#8$ ")( :#2E;/$F62),($2/$=%6$%//%,;(9$/"$/;($"#9$."E26/2,6 5D--"&/$ 5jD%9&")GK$ YD/$ ;%9$ 1%6/$ "1(&62E;/$ %)9 ,")/&"#$ ":$ /;($ =2)E$ 9(-#"8'()/$ '%,;2)(A$ ."E Q#%))(&6$,"1(&(9$/="$C(8$:D),/2")6d$9(-#"8'()/6 F=;(&($ /;($ "1(&62E;/$ ":$ /;($ `)2/$ ?(-#"8'()/ *%)%E(&6$&(629(9K$%6$=(##$%6$9(-#"8'()/$-#%))2)E %)9$ '%)%E('()/$ ":$ 72'($ Q;%6(9$ N"&,( ?(-#"8'()/$ ?",D'()/$ %)9$ `)2/$ 78-($ !"9( /%6C2)EGK$%)9$Q#%)6$%)9$Q&"E&%'6$F=;2,;$,"1(&(9 /;($ '"&($ #")E$ &%)E($ %6-(,/6$ 6D,;$ %6$ 6D--"&/ %E&(('()/6K$ /;($ B%&$ H(6(&1($ *%/(&2(#$ -&"E&%' O5.2#$%=.'2%0"#%K$50#;%P010#8%1$;%g1I1$%($4'1;#;%2'.#%0"1$%X@MMM%I'($;8%'=%"(21$501.51$%8(II45#8 10%*14454%O?@%C.1e,%*"#%g1I1$#8#%STAQM%=4#Z%0"10%9'($0.Rh8%=5.80%15.45=0%25885'$%5$0'%C.1e,%^KPO[%I"'0'%3R %)9$/;($S%6($5D--"&/$Q#%)GA P01==%P60,%S"#$V5.1%U144'.R_%

QM

PKUUE+

BMMN


B2/;$ /;($ ,"'Y2)%/2")$ ":$ /;($ %Y"1($ "&E%)2+%/2")6$ 2)/"$ /;( ."E26/2,6$H(%92)(66$5jD%9&")$Y8$/;($!5PNK$%$)D'Y(&$":$-&"M ,(9D&(6$ %)9$ -"#2,2(6$ =(&($ 6/&(%'#2)(9K$ &("&E%)2+(9K$ "&$ %Y"#M 26;(9A$P/$/;($6jD%9&")$#(1(#K$'D,;$":$/;($()#26/(9$:"&,($=%6 )"/$ %::(,/(9A$ R/;(&$ /;%)$ 6"'($ &(%#2E)'()/$ ":$ /;($ :#2E;/6K 'D,;$":$=;%/$;%--()(9$=%6$)"/$/""$(%&/;$6;%//(&2)EA$*%)8 ":$/;($N>R6K$Y8$)%/D&($":$6-()92)E$'%)8$8(%&6$2)$/;($,%&((& :2(#9K$,&"66M-"##2)%/(9$=2/;$/;(2&$,"D)/(&-%&/6$2)$/;($1%&2"D6 6jD%9&")6K$%)9$%6$%$&(6D#/$=(&($[E&%)9M :%/;(&(9[$2)/"$.HR6A `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

;"#9(&6$2)$")($":$/;($/;&(($PN5!6$%/$/;($/2'($":$/;($,")M 1(&62")K$/;(8$=(&($%#6"$jD%#2:2(9$2)$")($":$/;($,"&($,"'-(M /(),2(6A$7;($!>R6$=(&($&(jD2&(9$/"$%//%2)$%/$#(%6/$")($%992M /2")%#$,"&($,"'-(/(),8$Y8$]$PDE$TXXVK$%)9$%//%2)$/;($:2)%# ,"&($ ,"'-(/(),8$ 2)$ "&9(&$ /"$ Y($ ,")629(&(9$ %$ :D##8$ jD%#2:2(9 T]H_A$7;($E"%#$26$/"$;%1($%##$50LZ6$,"'-#(/(9A

7;"DE;$ )"/$ %6$ 9&%6/2,%##8$ 2'-%,/(9$ %6$ /;($ !>R6K$ 'D,;$ ": "D&$ ()#26/(9$ &%)C6$ :(#/$ 6"'($ ":$ /;($ YD&9()A$ Q&(12"D6#8K$ /;( "::2,(&$ ="D#9$ %//()9$ /;(2&$ /(,;)2,%# 6,;""#$%)9$Y($%662E)(9$/"$%$:#2E;/K$=;(&( /;(8$ ="&C(9$ =2/;$ "D&$ ()#26/(9$ :"&,(A P#/;"DE;$!>R6$=(&($)"/$/;($/(,;)2,%# (O-(&/6K$/;(8$%//()9(9$/;($"::2,(&$6,;""# /"$-&(-%&($/;('$:"&$/;($3"YA$7;($!>R ;%9$ 6"'($ C)"=#(9E($ ":$ /;($ 6jD%9&") %)9$/;($6(,/2")K$%)9$=(&($%Y#($/"$YD2#9 "::$":$/;%/A$\"=K$'%)8$":$/;($!>R6$2) /;($ [&"D)9M"D/[$ ,%/(E"&8$ ;%1($ )"/ %//()9(9$/;($%--&"-&2%/($6,;""#K$%)9$%&( :2##2)E$%$-"62/2")$/;(8$%&($[#(66$jD%#2:2(9[ /"$ :2##A$ RD&$ 5\!R6$ :((#$ 'D,;$ ":$ /;26 :2&6/M,")/%,/$:&2,/2")K$%6$":/()$Y(2)E$/;( )(O/$ ")($ 9"=)$ /;($ ,;%2)AyB;%/$ 9"(6 /;26$ '(%)rrz$ SD/K$ =2/;$ %)8$ &(%#2E)'()/ ":$ "&E%)2+%/2")6$ %)9$ %'%#E%'%/2")$ ": P.% O5.21$% g(1$% d(.01;'% .#2'>#8% 1% 9145I#.% =.'2% 1 "::2,(&p()#26/(9$ PN5!6K$ /;(&($ =2##$ Y( d(2>##,%^KPO[%I"'0'%3R%*#9",%P60,%?'3%<4;"12_ 6(1(&%#$8(%&6$":$E&"=2)E$-%2)6A

R)$ -%-(&K$ /;($ -#%)$ :"&$ /&%2)2)E$ Y"/; /;($ (O26/2)E$ !>R6$ 2)$ /;(2&$ ,D&&()/ PN5!6K$%6$=(##$%6$Y&2)E2)E$)(=$%,,(6M 62")6$2)/"$/;($:"#9K$#""C(9$62'-#(A$P,,(662")6$E"$/"$%$,"'Y2)(9 6,;""#;"D6($2)$.%,C#%)9$PNSK$7(O%6K$:"&$]UM]^$=((C6$/"$#(%&) %Y"D/$%##$%6-(,/6$":$/;($)(=$3"YA$N"&$/;"6($!>R6$jD%#2:2(9$2) ")($":$/;($/;&(($PN5!6K$/;2)E6$="D#9$)"/$Y($%6$(%68A$7;"6( !>R6$;%9$/"$62E)$D-$:"&K$/%C($%)9$-%66$/;($(O-"&/%Y#($,"D&6(6 2)$/;($PN5!6$2)$=;2,;$/;(8$=(&($)"/$jD%#2:2(9A$`)#2C($'"6/ D-E&%9($/&%2)2)E$-&"129(9$/"$"D&$%2&'%)K$!>R6$=(&($2)6/&D,/M (9$Y8$%$!"'-%,/$?26CA

L)$ %992/2")$ /"$ /;($ (O-"&/%Y#($ ,"D&6(6K$ !>R6$ =(&($ %#6" &(jD2&(9$/"$:2##$%$-"62/2")$2)$/;($"/;(&$6(,/2")6K$/"$;(#-$&"D)9 /;('$ "D/A$ ?D&2)E$ /;($ ,")1(&62")K$ /;($ PN5!6$ =(&($ 6/&(%'M #2)(9$2)/"$62O$6-(,2%#/8$(O-(&2(),($29()/2:2(&6$F50L6Gd$I(;2,#( *%)%E('()/K$ND(#6$*%)%E('()/K$?26/&2YD/2")$*%)%E('()/K *%/(&2%#$ *%)%E('()/K$ P(&2%#$ Q"&/$ R-(&%/2")6K$ %)9 !")/2)E(),8$R-(&%/2")6A$7;(6($62O$50LZ6$=(&($E&"D-(9$2)/" /;&(($ ,"&($ ,"'-(/(),2(6d$ *%/(&2%#$ *%)%E('()/$ F**$ %)9 N*GK$ ?26/&2YD/2")$ F?*K$ PQR$ %)9$ ?*G$ "&$ !")/2)E(),8 R-(&%/2")6$ F!RGA$ 52),($ /;(6($ !>R6$ =(&($ jD%#2:2(9$ T]n

7;($!>R$-#%86$%$12/%#$&"#($2)$()6D&2)E$/;26$,"),(-/K$%)9$/;( 9%2#8$9D/2(6$":$Y"/;$/;($:#2E;/$%)9$6jD%9&")K$-&",((9$6'""/;M #8A$ RD&$ ()#26/(9$ ,"&-6$ ,")/2)D(6$ /"$ 9"$ /;($ 3"Y6$ /;(8$ =(&( /&%2)(9$/"$9"e$/;($N>RZ6$,")/2)D($/"$-&"129($#(%9(&6;2-$2)$/;( 6jD%9&")$,"''%)9(&$%)9$;2E;(&$9D/2(6e$/;($!>R$26$/;($:&")/M #2)($"::2,(&$9(%#2)E$=2/;$%$'D#/2/D9($":$/%6C6$2)$/;($&(6-(,/21( %&(%6A$7;($[6D-(&$#"E26/2,2%)[$29(%$26$")#8$6/&()E/;()(9$Y8$/;( 6"#29$:"D)9%/2")$:"&'(9$Y8$-%6/$#"E26/2,2%)6A$R)$",,%62")K$PN "::2,(&$%&($)"/$E21()$/;($29(%#$[/""#6[$/"$6/%&/$"D&$,%&((&6A$B2/; /;($;(#-$%)9$ED29%),($":$/;($5\!R6K$%6$=(##$%6$/;($92&(,/2") ":$/;($#(%9(&6;2-K$!>R6$=2##$,")/2)D($/"$:"&E($%;(%9$;(#-2)E #(%9$.H56$2)/"$/;($:D/D&(A$7;($!>R$26$/;($2'-"&/%)/$6/(-d$:"& 2/$26$/;($!>R6$=;"$=2##$Y(,"'($/;($.H5$#(%9(&6$":$/"'"&&"=A >2(B12A1-(/4>"%'QZ6:A"3(*3(2A"(/1-1:","-2(1-'(L&32",3 M$*:A2(0%,,1-'"+(12(2A"(k2A(>%:*32*43(H"1'*-"33(L[61'+%-E k2A( MCE( R6-31-( )WE( H@RK( G,1*$Q( B12A1-K/4$"%'Q Z6:A"3b76-31-K15K,*$(!

EbSED*C</O7 +E7EOPE

QA


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jD%#2/8K$%)9$9(#21(&8 /"$/;($=%&:2E;/(&$Y8$2)/(E&%/2)E$-D&,;%62)E$%)9$6D--#8$2)/"$%$62)E#(K$6(%'#(66$-&",(66 /;%/$6-%)6$/;($P2&$N"&,($6D--#8$686/('$bJ**(F&';-*(3c9

/#Z% I1.08% 91$% 9'80% 4#88% 0"1$% '4;% '$#8,% % d#10" +'Z41$;% .'(08% '(0% 0"#% "'$#R9'23% 9'.#% '=% 1% STX )141FR%=4''.3'1.;%='.%=180#$#.%4'9105'$8,%U#9"1$598 10%+'35$8%O[?%='($;%0"10%21H5$6%$#Z%15.9.1=0%=4''.T 3'1.;8%.10"#.%0"1$%.#I15.5$6%(8#;%'$#8%81>#;%$#1.T 4R%mX,X%25445'$%I#.%R#1.,%^KPO[%I"'0'%3R%P(#%P1II_ [56(.#%A

7;($?*7$=2##$&(()E2)((&$YD62)(66$-&",(66(6$/"$-&"129($%::"&9%Y#(K$")M/2'($6D--"&/$/" "D&$,D6/"'(&6$/;&"DE;$&%92,%#$,;%)E(6$2)$-#%))2)EK$6"D&,2)EK$(O(,D/2")K$%)9$9(#21(&8A Q5!*$%)9$?*7K$,"##(,/21(#8$&(:(&&(9$/"$%6$6D6/%2)'()/$/&%)6:"&'%/2")K$=2##$-"62/2") /;($P2&$N"&,($:"&$=%&:2E;/2)E$)"=K$%)9$2)/"$/;($:"&(6((%Y#($:D/D&(A$5()2"&$P2&$N"&,( #(%9(&6;2-$%&($,"''2//(9$/"$/;($E"%#6$":$6D6/%2)'()/$/&%)6:"&'%/2")A

" 2 # - 6 0 ! $ % & 0 % 5 ! 2 " " *; - 6 0 $ % 70%0&/7/%, L)/(E&%/2)E$ -D&,;%62)E$ %)9$ 6D--#8K$ Q5!* =2##$/&%)6:"&'$;"=$=($-#%)K$,")/&%,/K$="&C =2/;$ "D&$ 6D--#2(&6$ %)9$ ,D6/"'(&6K$ '%)%E( %66(/6K$ %)9$ &(6-")9$ /"$ /;($ =%&:2E;/(&Z6 '%/(&2(#$)((96$:"&$%E2#($6D--"&/A$7;($Q5!* /(%'$9(1(#"-(9$-&",(66(6$/;%/$9(:2)($)((9M (9$/(,;)"#"E8K$"&E%)2+%/2")%#$6/&D,/D&(K$%)9 6C2##6$ /"$ ()%Y#2)E$ ()/(&-&26($ =29($ (::"&/K #(1(&%E2)E$ %##$ /;&(($ %2&$ #"E26/2,6$ ,()/(&6 FP.!GK$ <(%9jD%&/(&6$ PN*!K$ %)9$ /;( &(E2")%#$ 6D--#8$ 6jD%9&")6$ ,"1(&$ *%/(&2(# 5D--"&/$ ?21262")K$ (jD2-'()/$ 2/('6K$ %)9 %66",2%/(9$ ()E2)((&2)E$ 6(&12,(6A$ R1(&$ /;( #%6/$ ]V$ '")/;6K$ /;($ Q5!*$ L)/(E&%/(9 Q&",(66$ 7(%'$ ;%6$ '%9($ 6/(%98$ -&"E&(66$ 2) 9(62E)2)E$ )(=$ P2&$ N"&,(M=29($ YD62)(66 -&",(66(6K$ #%D),;2)E$ -%/;:2)9(&$ ,"''"92/8

QB

PKUUE+

BMMN


,"D),2#6K$ %)9 %--#82)E$ /;( ! TXM-(&,()/$2),&(%6($2)$6D--#8$'%/(&2%#$%1%2#%Y2#2/8A 5D--#8$ !;%2) ! TXM-(&,()/$9(,&(%6($2)$/"/%#$6D--#8$,;%2)$,"6/6A R-(&%/2")6 H(:(&(),( ! qXM-(&,()/$9(,&(%6($2)$()9M/"M()9$,8,#($/2'(A F 5 ! R H G '"9(#A$ $ N&"' 2)2/2%#$,D6/"'(&$&(jD(6/$:"&$%$-%&/$/"$=;()$/;($,D6/"'(&$D6(6$/;($-%&/K$-&",(66 2'-&"1('()/6$;%1($Y(()$%,;2(1(9A$7;($Q5!*$'"9(#$D6(6$:21($-&2'%&8$'%)M %E('()/$-&",(66(6e$Q#%)K$5"D&,(K$*%C(K$?(#21(&K$%)9$H(/D&)$%)9$/;()$%DEM '()/6$ =2/;$ Q&",(66$ 0)%Y#('()/$ FL7K$ <HK$ N2)%),(K$ %)9$ 4)"=#(9E( *%)%E('()/GK$5/&%/(E2,$Q#%))2)EK$%)9$!D6/"'(&$*%)%E('()/A

"!-7<!,#/,-6 "/#.+#70%-/ &+0*!

Q5!*$'"9(#6$/;($;2E;M#(1(#$-&",(66(6$&(jD2&(9$/"$'%)%E($/;($()/2&($Z7"MS(Z P2&$N"&,($6D--#8$,;%2)A$7;($/(%'$;%6$'%--(9$ZP6ML6Z$-&",(66(6K$,")9D,/(9 /%&E(/(9$&""/M,%D6($%)%#8626K$9(:2)(9$%)9$jD%)/2:2(9$;2E;M2'-%,/$266D(6$%,&"66 ,D&&()/$-&",(66(6K$%)9$29()/2:2(9$)D'(&"D6$"--"&/D)2/2(6$:"&$-&",(66$2'-&"1(M '()/K$&(6D#/2)E$2)$/;($[7"MS([$"Y3(,/21(6A$ 7"$ &(9D,($ "1(&%##$ -&",(66$ /2'($ :&"'$ :"&(,%6/2)E$ /"$ 9(#21(&2)E$ -%&/6$ /"$ ,D6M /"'(&6K$/;($/(%'$26$,"),()/&%/2)E$")$6'%&/(&$%)9$'"&($%#2E)(9$=%86$":$-(&M :"&'2)E$="&CA$7%C2)E$%91%)/%E($":$#(%92)E$-&%,/2,(6$:&"'$/;($-&21%/($6(,/"& :"&$/;($7"MS($-&",(66(6K$/;($/(%'$29()/2:2(9$&(jD2&('()/6$:"&$)(%&M/(&'$%)9 #")EM/(&'$ L7$ 6D--"&/A$ 7;26$ ,"&($ "-(&%/2")%#$ 6(/$ ":$ -&",(66(6$ 26$ Y(2)E$ 2)/(M E&%/(9$=2/;$/;($P2&$N"&,($."E0P$%&,;2/(,/D&(A 7"$ ,"''D)2,%/($ ()/(&-&26(M=29($ E"%#6K$ '")2/"&$ -&"E&(66K$ %)9$ '%)%E($ -(&M :"&'%),(K$/;($Q5!*$/(%'$9(1(#"-(9$%$Y%#%),(9$6,"&(,%&9$=2/;$,#(%&K$jD%)M /2:2%Y#($-(&:"&'%),($'(/&2,6$%)9$/%&E(/6$/;%/$Y%#%),($,D6/"'(&$)((96$%)9$-(&M :"&'%),(A$ 7;($ /(%'$ 2)2/2%/(9$ 3"Y$ %)9$ "&E%)2+%/2")%#$ 9(62E)$ /"$ 6D--"&/$ /;( )(=$-&",(66(6A$N2)%##8K$/;($Q5!*$/(%'$=2##$="&C$=2/;$/;($."E0P$/(%'$/" 9(1(#"-$/;($"1(&%##$/&%)6:"&'%/2")$YD62)(66$,%6(A$7;($()/(&-&26(M=29($2'-#(M '()/%/2")$ -#%)$ =%6$ -DY#26;(9$ 2)$ P-&2#$ XVK$ %99&(662)E$ -&",(66(6K$ )(=$ 3"Y &"#(6K$ /&%2)2)EK$ ()%Y#2)E$ /(,;)"#"E8K$ %)9$ %)$ "&E%)2+%/2")%#$ ,")6/&D,/$ :"& ?(,('Y(&$TXXq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

0.7-<0%5 0.<*/05/#! &$3/ , 6 2 7 4 ! 2 " , + ! 2 ! ,0 $ % 7 / % , , # 0 % ! . + # 7 0, $ + % <$%BX%g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aSS_@% 70,% )#$,% S''45;6#% ^O[USaSY_@% L., P0#Z1.0% ^O[USaSL_@% 70,% )#$,% q#004#.% ^O[aC7_@% U., ).'>#.% L($$% ^O[aC7C_@% U.,% !5445128% ^PO[aOrS_@% U1f, )#$,% )13.#8H5% ^dr% O[USa7)_@% U.,% c'#$56% ^dr O[USa7)_@%U8,%!14H#.%^dr%O[USa7)_@%U.,%!#448%^dr O[USaDc_@% ?.56,% )#$,% [1RH#8% ^dr%O[USa[U_@% U1f, )#$,% !#0#H12% ^!+TO7SaSS_@% U.,% L1>58% ^!+T O7SaSL_@% U1f,% )#$,% g'"$8'$% ^<STO7SaSS_@% U., S'$$'.% ^<STO7SaSL_@% U1f,% )#$,% P(445>1$% ^<<T O7SaSS_@%1$;%U.,%U5$#.%^<<TO7SaSL_,

!"#$%#&'()"#)#'*$)+,-'... EbSED*C</O7 +E7EOPE

QQ


/2")%#$,")6/&D,/6A$P#/;"DE;$/;(6($,;%)E(6$=2##$)"/$Y( (%68$"&$",,D&$"1(&)2E;/K$P2&$N"&,($#(%9(&6$%&($,"''2/M /(9$ /"$ 2'-#('()/2)E$ 6D6/%2)'()/$ /&%)6:"&'%/2")$ %)9 6((2)E$2/$/;&"DE;$/"$6D,,(66A

;+2 0#/ $%3$,/5

,+

*/0#% 7+#/S

?"$ 8"D$ =%)/$ /"$ #(%&)$ '"&($ %Y"D/$ Q5!*r$ Q#(%6( =%/,;$:"&$D-,"'2)E$:%,/$6;((/6$%)9$)(=6#(//(&6K$%//()9 Y&2(:2)E6K$%)9$Y&"=6($"D&$E&"=2)E$=(Y$62/(6d$Q5!*$%/ #))10^GG===9-&1&)9=1$2<9$29+&,GAJ>? B"D#9$ 8"D$ #2C($ /"$ E(/$ 2)1"#1(9r$ Q#(%6($ ,")/%,/$ /;( Q5!*$/(%'$%/$Q5!*AL):"J=-%:YA%:A'2#A$B($(),"D&M %E($8"D$/"$6;%&($8"D&$29(%6K$E(/$2)1"#1(9K$%)9$&('%2) -"62/21($2)$#(%&)2)E$)(=$=%86$/"$9"$"D&$YD62)(66A P0.10#659%15.45=0%;5.#90'.10#%'==595148%10%+'35$8%O[?%1.#%10%0"#%9#$0#.%'=%1$%'$6'5$6%#=='.0%0'%80#I (I%15.9.1=0%1$;%I1.08%I.';(905'$%0'%8(II'.0%O5.%U'35450R%S'221$;%;(.5$6%0"#%41.6#80%.'0105'$%'= K,P,%='.9#8%85$9#%!'.4;%!1.%CC,%^KPO[%I"'0'%3R%P(#%P1II_

)2/2(6K$2'-&"1('()/6$-%66(9$")$/"$/;($=%&:2E;/(&A$L)6-2&(9$Y8 /;($(."ET]$1262")K$PN*!$=2##$Y($/;($="&#9=29($6D6/%2)'()/ 6D--#2(&$ %)9$ '%2)/%2)(&$ ":$ ,;"2,(K$ #(1(&%E2)E$ )(=$ -&",(66(6K 3"Y$&"#(6K$6C2##6K$=%86$":$="&C2)E$%)9$/;2)C2)EK$%)9$/""#6A$P#6" &(jD2&(9$=2##$Y($,;%)E(6$/"$-"#2,2(6K$%D/;"&2/2(6K$%)9$"&E%)2+%M

C*-:( 0%,,1-'"+( /1+7( >"12A1,E( H))ME( *3( 46+Q +"-2$&(%-("`4A1-:"(<*2A(2A"()*+(M%+4"(1-'(*3(3"+I*-: %-(2A"()*+(L2155(13(!"#62&(!*I*3*%-(0A*"5E(;6+4A13*-:

1-'( L6##$&( 0A1*-( /1-1:","-2E( !*+"42%+12"( %5( =--%I12*%1-'( T+1-35%+,12*%-K( Z"( *3( 1$3%( 1( ,",9"+( %5( 2A"( )M/0 ;L0/(=-2":+12"'(;+%P"42(T"1,(1-'(162A%+(%5(2A"()*+(M%+4" =-321$$12*%-( m( >%:*32*43( ;6+4A13*-:( 1-'( L6##$&( 0A1*/1-1:","-2(0%-4"#2(%5(@#"+12*%-3K(!


^K,P,%O5.%['.9#%I"'0'%3R%U180#.%P60,%c#50"%+##;_

L69,*22"'(9&(>2(0%$(/1+7(WK(L1-(L%64* P$12,($-&(629()/$":$/;($`)2/(9$5/%/(6K$'%)8$8(%&6$%E"K =;2#($%--&%262)E$;26$&"#($%6$12,($-&(629()/K$926'266(9$/;($3"Y Y8$6%82)E$2/$=%6$)"/$="&/;$%$[YD,C(/$":$=%&'$6-2/A[$7;%/ 12,($-&(629()/$'%8$;%1($Y(()$#%'()/2)E$/;($C)"=)$:&D6/&%M /2")6$":$Y(2)E$/;($6(,")9M/;($-(&6")$=;"$26$)"/$&(%##8$2) ,;%&E(A$7;%/$Z6(,")9M2)M,;%&E(Z$-(&6")$26$2)9((9$6/2##$%$Y2E -%&/$":$%)8$%9'2)26/&%/2")$%)9$6D&(#8$26$%$12/%#$-%&/$":$% /(%'$(::"&/A$7;(&($26$%$6%/26:%,/2")$/;%/$,"'(6$=2/;$/;( &(:#(,/(9$E#"&8$":$'2662")$%,,"'-#26;(9$E"%#6K$YD/$62),(K %:/(&$%##K$/;($6(,")9$26$)"/$[/;($Y"66[K$/;%/$:((#2)E$,%)$Y( 'D/(9A$B;2#($/;($&(6-")62Y2#2/2(6$":$/;($3"Y$%&($#")EK$/;( %D/;"&2/8$E21()$/;(${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e$ /"$ Y($ &(%98$ %/$ %$ '"'()/Z6$ )"/2,($ /"$ /%C($ '((/2)E6K %//()9$:D),/2")6K$E&%9D%/2")6e$6-(%C$:"&$/;($E&"D-$=;()$

Y"66$,%))"/e$/"$",,%62")%##8$Y($[2)$,;%&E([$2)$/;($(1()/$":$/;( Y"66Z6$7?f$"&$(1()$9(-#"8'()/M%&($,(&/%2)#8$:D#:2##2)EA SD/$/"$/&D#8$'%O2'2+($(::(,/21()(66$2)$/;($6"'(/2'(6$9(#2,%/(K 6"'(/2'(6$ "-%j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bSED*C</O7 +E7EOPE

QX


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s2##0%1$;%6.##0t%'$#%'=%0"#%85F%[TAA\O /56"0"1ZH%80#140"%=56"0#.8 5/%Y2#2+(&$ 9(-D/2(6$ %&( &('2)9(&6$/;%/$/;($D#/2'%/( =.'2%d'44'21$%O[?%'$%0"#5.%Z1R%319H%0'%"'2#%318#,%*"#%15.9.1=0%I41R#;%1%9.505914%.'4#%5$%0"#%=5.80 6(,D&($ ,&(%/D&(6A$ 7;(8 E"%#$ 26$ /"$ E(/$ ,#"6D&($ ") $56"0%'=%3'235$6%;(.5$6%<I#.105'$%C+OrC%[+EEL<U,%^KPO[%I"'0'%3R%P01==%P60,%*.1>58%O80'$_% ;%1($ /;($ %Y2#2/8$ %)9$ /;( ,")/()/2"D6$ 266D(6K$ ()%Y#(6 =269"'$ /"$ ,&2/2,%##8$ %)%M /;($E&"D-$/"$'"1($")$/"$/;($)(O/$2'-"&/%)/$9(,262")A$ #8+($ /;($ Y"66Z6$ 6;"&/:%##6K$ %)9$ /;()$ ;%1($ /;($ ,"D&%E($ /"$ 9" P#6"K$/;($9(-D/8$26$%)$()%Y#(&A$0)%Y#2)E$9(-D/2(6$6(&1($%6$% '"&($/;%)$,"'-#%2)$%Y"D/$Z=;%/$/;($Y"66$929Z$/"$/;(2&$6-"D6( 6"D)92)E$Y"%&9$F/;($Y"66Z6$9(,262")$26$%$=&")E$")(gGK$"&$-&"M %/$/;($()9$":$/;($9%8A$7;%/$,"D&%E($'%)2:(6/6$2/6(#:$=;()$/;( 129($%$6%)2/8$,;(,C$F6;"D#9$L$/(##$;2'$=;%/$L$/;2)C$%Y"D/$/;( 9(-D/8$:&%)C#8$926,D66(6$=2/;$/;($Y"66K$2)$%$-"62/21($%)9$,")M Y%9$9(,262")rGK$:"&$6jD%9&")$,"''%)9(&6K$%)9$'%)8$"/;(&6K 6/&D,/21($ =%8K$ ;"=$ /"$ '2/2E%/($ "&$ (#2'2)%/($ %$ -(&6")%#2/8$ "& =;"$9"$)"/$8(/$=26;$/"$926,D66$29(%6K$"&$('"/2")%#$&(%,/2")6K -&",(66$6;"&/:%##$:"&$/;($Y(//(&'()/$":$/;($"&E%)2+%/2")A$B;2#( =2/;$ /;($ Y"66A$ N"&'(&#8$ %$ ")($ "&$ /="M/2'($ 6jD%9&")$ ,"'M /;26$ '%8$ Y($ (%62(&$ 6%29$ /;%)$ 9")(K$ 2/$ ,%)$ ;%--()$ =;()$ /;( '%)9(&K$%$E""9$9(-D/8$%,/21(#8$#26/()6K$%)9$%6$%$1(/(&%)$":$/;( Y"66$26$"-()$/"$:((9Y%,C$:&"'$9%8$")($":$/;($9(-D/8Z6$/()D&(K 6jD%9&")$,"''%)9(&$=%&6K$,%)$6D--#8$/;($'(%)6K$C)"=#(9E(K %)9$/;($9(-D/8$26$D)%:&%29$":$&(%#$"&$2'%E2)(9$)(E%/21($&(-(&M "&$ (),"D&%E('()/$ /"$ ()%Y#($ /;($ 6jD%9&")$ ,"''%)9(&$ /" ,D662")6$ :&"'$ E212)E$ /;($ Y"66$ #(66$ /;%)$ E#"=2)E$ :((9Y%,CA$ P %,,"'-#26;$6"'(/;2)E$="&/;=;2#(A$R&$'%8Y($6jD%6;$%$,"'M ,;%)E($2)$Y(;%12"&K$"&$3D6/$%$,;%)E($2)$%$9(,262")$"&$9(,262") -#(/(#8$9D'Y$29(%$Y(:"&($2/$E(/6$/"$/;($Y"66A$ '%C2)E$6/8#(K$,%)$,%D6($%$-"62/21($&(6D#/A$ P)$()%Y#2)E$9(-D/8$/;%/$:"6/(&6$%$6"#29K$/&D6/2)E$="&C2)E$&(#%M /2")6;2-$=2/;$-((&6$%)9$6DY"&92)%/(6K$6jD%9&")$,"''%)9(&6 "&$,;2(:$'%6/(&$6(&E(%)/6K$,%)$6"#2,2/$-"62/21($"&$)(E%/21($:((9M Y%,C$")$%$=29($&%)E($":$266D(6K$2),#D92)E$(1()$6()62/21($266D(6 #2C($/;($%:"&('()/2")(9$Y"66Z6$9(,262")$'%C2)EK$"&$-(&:"&'M %),(K$/;%/$/;(8$="D#9$"/;(&=26($Y($&(#D,/%)/$/"$-&"129(A$7;26 =%8K$/;($9(-D/8$,%)$-&"129($%$/&D($-2,/D&($/"$/;($Y"66$":$/;( ,")6(jD(),(6$":$6%8K$%$,")/()/2"D6$9(,262")K$"&$'(&(#8$%$,#(%&M (&$-2,/D&($":$[;"=$E"(6$2/[A$

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

>2( 0%$( /1+7( WK( L1-( L%64*( *3( 1

QJ

PKUUE+

BMMN

41+""+( 1*+4+152( ,1*-2"-1-4"( %55*Q 4"+( 1-'( 2<%Q2*,"( 3[61'+%-( 4%,Q ,1-'"+K(

)(

!*32*-:6*3A"'

J+1'612"( %5( )0L0( 1-'( 2A"( aL B1I1$( C1+( 0%$$":"E( A"( *3 06++"-2$&(

2A"(

!"#62&

0%,,1-'"+E(g]n2A(/1*-2"-1-4" J+%6#E(g]n2A()*+(/%9*$*2&(C*-:E /4J6*+"()MWE(B8K(!


G;-HC#-;A$ I*0A+: , ' * 3 444' 1 1 / .$! ' / 1 444- " $ 1 0 # 444 ! " # (,/5 - " $ ( ( # 1 0 # W&(J"-(cH"2d(J"%+:"(TK(W199*22 *8$2)2/2%#$&(%,/2")$/"$,;%)E($;%6$)"/$%#=%86$Y(()$&(#2%Y#(A$<%1($=($)"/$%##$Y(()$6DY3(,/(9 /"$=;%/$6(('(9$#2C($,;%)E($:"&$,;%)E(Z6$6%C(r$*%)8$%&($/;($/2'(6$L$;%1($=")9(&(9$2:$%$-(&M 6")$"&$E&"D-$-D6;2)E$,;%)E($&(%##8$D)9(&6/""9$/;($,D&&()/$-&",(66$"&$-"#2,8A$5C(-/2,26'$26 )"/$2&&%/2")%#A$!;%)E($,"'(6$=2/;$%$,"6/d$"&E%)2+%/2")%#$926&D-/2")K$&(/&%2)2)EK$%)9$,%&((& 926#",%/2")$/"$)%'($%$:(=A R)$/;($"/;(&$;%)9K$L$;%1($#(%&)(9$/"$ED%&9$%E%2)6/$/;($/()9(),8$:"&$'8$6C(-/2,26'$/"$/D&)$/"$,8)2,26'A$7;(&($%&($E&(%/ &26C6$2)$&(%,/2)E$/""$jD2,C#8$%)9$/""$)(E%/21(#8$/"$)(=$29(%6A$H(%#$2'-&"1('()/$;%--()6$%##$%&"D)9$D6A$B($%##$C)"= 6/"&2(6$":$"&E%)2+%/2")6$/;%/$;%1($&(2)1()/(9$/;('6(#1(6A$7;(&($%&($(1()$'"&($6/"&2(6$%Y"D/$"&E%)2+%/2")6$62'-#8$6%118 ()"DE;$/"$&(,"E)2+($%$E""9$)(=$29(%$%)9$%9"-/$2/A$L)92129D%#6$%)9$"&E%)2+%/2")6$/;%/$:%2#$/"$&(,"E)2+($/;($'"6/$2'-"&M /%)/$2))"1%/2")6$2)$/;($'%&C(/$-#%,($9"$/;('6(#1(6$E&(%/$;%&'A 7;26$266D(Z6$/;('($26$[.HR6kA$<(%&/$%)9$5"D#$":$/;($5D--#8$!;%2)A[$L)$/;($#%6/$9(,%9(K$)"$%&(%$":$'2#2/%&8$#"E26/2,6 ;%6$Y(()$/;($6DY3(,/$":$'"&($9(Y%/($"&$6DEE(6/(9$,;%)E(A$?"$/;($6D,,(66(6$2)$6D--#8$,;%2)$2))"1%/2")$=%&&%)/$/;($;8-(r L$Y(#2(1($/;(8$9"A$$L$=2##$)"/$%//('-/$%$#26/K$YD/$=($,"D#9$-&"Y%Y#8$%##$%E&(($/;%/$2'-&"1('()/6$2)$E(//2)E$/;($&2E;/$/;2)E /"$/;($&2E;/$-#%,($%/$/;($&2E;/$/2'($;%1($Y(()$&('%&C%Y#(A$?"(6$/;%/$'(%)$/;%/$(1(&8$)(=$29(%$=2/;$/;($#%Y(#$[6D--#8 ,;%2)[$%//%,;(9$=%6$="&/;$/;($2)1(6/'()/r$\"K$L$9"$)"/$/;2)C$6"A$SD/$;"=$26$")($/"$9(,29(r$ L$;%1($/;&(($6DEE(6/2")6A$0%,;$&(jD2&(6$6"'($%93D6/'()/$/"$;"=$=($/;2)C$%Y"D/$6D--#8$,;%2)6$%)9$%Y"D/$"D&6(#1(6A *8$:2&6/$6DEE(6/2")$,"),(&)6$9(:2)2/2")6A$\(=$29(%6$%&($Y"&)$=2/;"D/$/2/#(6$6"$=($/&8$/"$D6($"#9$/2/#(6$%6$%$=%8$/"$;(#-("-#($,"))(,/$/;($"#9$=2/;$/;($)(=A$5D--#8$,;%2)6$&(jD2&($6D--#8K$/&%)6-"&/%/2")K$926/&2YD/2")K$-D&,;%62)EK$%)9$=%&(M ;"D62)E$YD/$/;($/(&'6$%&($)"/$68)")8'"D6A$5D--#8$,;%2)$'%)%E('()/$26$%$)(=$,"),(-/$&(jD2&2)E$,;%)E($2)$-&",(66$%)9 2'-%,/2)E$;"=$-("-#($9"$/;(2&$3"Y6A$L/$,%)$%#6"$-&"9D,($9&%'%/2,%##8$2'-&"1(9$-(&:"&'%),(A$ R)($=%8$/"$;2E;#2E;/$/;($92::(&(),($26$/"$/%#C$%Y"D/$'2662")$%)9$-(&:"&'%),($'(%6D&('()/A$5D--#8K$/&%)6-"&/%/2")K$926M /&2YD/2")K$-D&,;%62)EK$%)9$=%&(;"D62)EK$Y8$/;(2&$)%/D&(K$/()9$/"$Y($2)=%&9$:",D6(9A$<"=$=(##$%&($=($'%)%E2)E$"D&$/&%)6M -"&/%/2")$%66(/6r$<"=$(::2,2()/#8$%&($=($'%)%E2)E$"D&$=%&(;"D6(6r$<"=$(::(,/21($26$"D&$-D&,;%62)E$-&",(66r$P#/;"DE; /;(6($j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d$=2##$2/$;(#-$8"D$(::(,/21(#8 '%)%E($%)9$'(%6D&($-(&:"&'%),($Y8$=(%-")$686/('$%)9$%#6"$%##"=$8"D$/"$,")/2)D($/"$'%)%E($/;($(::(,/21()(66$%)9 (::2,2(),8$":$8"D&$2)/(&)%#$-&",(66(6r$L/$,%))"/$Y($")($"&$/;($"/;(&A$L/$'D6/$Y($Y"/;A 5DEE(6/2")$/="$,"),(&)6$'(/;"96A$L$;%1($#")E$:(#/$/;%/$/&%92/2")%#$'2#2/%&8$6D--#8$,;%2)6$=(&($#2C($YD,C(/$Y&2E%9(6$M 2):"&'%/2")$%1%2#%Y#($/"$(%,;$-(&6")$2)$/;($#2)($=%6$#2'2/(9$/"$/;($62E)%#$&(,(21(9$:&"'$/;($-(&6")$")$(2/;(&$629(A$7;26 26$)"/$%#=%86$%$Y%9A$N"&$2)6/%),(K$126D%#$,D(6$%&($%$,&2/2,%#$-%&/$":$#(%)$-&",(66(6A$SD/$/;($:2&6/$6/(-$2)$#(%)$26$/"$E(/$&29 !"#$%#&'()"#)#'*$)+,-'... EbSED*C</O7 +E7EOPE

Q\


":$(O,(66$2)1()/"&8$/;%/$926/"&/6$"&$-&(1()/6$-&"-(&$62E)%#6$:&"'$Y(2)E$/&%)6'2//(9A$ P)"/;(&$6"#D/2")K$Y(//(&$6D2/(9$/"$'%)8$&(%92)(66$%)9$6D6/%2)'()/$6D--#8$,;%2)6K$D6(6$/(,;)"#"E8$/"$-&"129($2):"&'%/2") :&"'$D-$%)9$9"=)$6/&(%'$/"$%##$-%&/2,2-%)/6K$%##"=2)E$/;('$/"$&(%,/$-&2"&$/"$/;($%&&21%#$":$/;($126D%#$62E)%#A$5D--#8$,;%2)6 %&($,"##%Y"&%/21(A$L):"&'%/2")$'D6/$:#"=$:&((#8$:&"'$%)9$/"$%##$-%&/2,2-%)/6K$%)9$/;(&($%&($'%)8A$5D--#2(&6K$/&%)6-"&/(&6K 2)1()/"&8$-#%))(&6K$%)9$D6(&6$'D6/$%##$j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

E + G ) + O& ? E O + L ! C P L < U

*8$/;2&9$6DEE(6/2")$,"),(&)6$;"=$8"D$/;2)C$":$8"D&6(#:$%6$%$#"E26/2,2%)A$*%)8K$2:$)"/$%##K$":$8"D$%&($(O-(&/6$%/$=;%/$8"D 9"A$f"D$C)"=$/;($9(/%2#6$":$/;($-&",(66K$8"D$/&%2)$)(=$-("-#($2)$/;($-&",(66K$%)9$8"D$&(ED#%&#8$29()/2:8$%)9$,"&&(,/$6;"&/M :%##6$2)$/;($(O(,D/2")$":$/;($-&",(66A$L)$-%&/K$/;($2)/(##(,/D%#$,%-2/%#$8"D$Y&2)E$/"$/;($"&E%)2+%/2")$26$8"D&$C)"=#(9E($": /;($-&",(66A$B;()$6"'(")($-&"-"6(6$'%3"&$,;%)E($/"$/;%/$-&",(66K$/;(&($26$%$)%/D&%#$/()9(),8$/"$&(%,/$)(E%/21(#8A$7;( ,;%)E($%--(%&6$/"$92'2)26;$/;($1%#D($":$=;%/$8"D$C)"=$Y(6/$%)9$/;(&(:"&($/"$92'2)26;$8"D&$1%#D($/"$/;($"&E%)2+%/2")A$ L/$'%8$Y($%$)%/D&%#$&(%,/2")K$YD/$2/$26$%$=&")E$&(%,/2")A$f"D&$C)"=#(9E($":$/;($,D&&()/$-&",(66(6$-D/6$8"D$]X$6/(-6$%;(%9 ":$"/;(&6$2)$D)9(&6/%)92)E$%)9$2'-#('()/2)E$,;%)E(6$/;%/$,%)$();%),($/;($'2#2/%&8$6D--#8$,;%2)A$?"$)"/$C29$8"D&6(#:A 7;26$26$%$#2//#($Y2/$#2C($&",C(/$6,2(),(A$L/$26$,"'-#2,%/(9$%)9$2/$/%C(6$(O-(&/$C)"=#(9E($/"$'%C($'(%)2)E:D#$2'-&"1('()/6A *%3"&$,;%)E($'%8$"Y6"#(/($6"'($-"&/2")$":$8"D&$-&(12"D6$C)"=#(9E($YD/$Y8$-%&/2,2-%/2)E$2)$,;%)E($8"D$=2##$,")/2)D( /"$Y($/;($(O-(&/K$/;($-(&6")$/"$/D&)$/"A$f"D&$1%#D($/"$/;($"&E%)2+%/2")$=2##$E&"=A$ 5"$=;()$8"D$)(O/$6(($%$'%3"&$-&"-"6%#$/"$,;%)E($'2#2/%&8$6D--#8$,;%2)$-&",(66(6K$/(6/$/"$6(($2:$2/$,%)$2'-&"1($Y"/; =(%-")$686/('$%)9$-&",(66$'%)%E('()/K$/(6/$2:$2/$=2##$();%),($8"D&$%Y2#2/8$/"$'%)%E($,"##%Y"&%/21(#8K$%)9$/;()$3D'/"$Y($-%&/$":$/;($2'-#('()/%/2")$/(%'A$f"D$%&($/;($(O-(&/$/;($/(%'$)((96$%)9$8"D$=2##$Y($/;($(O-(&/$2)$/;($:D/D&(A 4((-$:",D6(9$")$(::2,2()/$%)9$(::(,/21($&(%92)(66$%)9$6D6/%2)%Y2#2/8$":$=(%-")$686/('6A L$=(#,"'($8"D&$,"''()/6$%)9$/;"DE;/6K$'8$('%2#$'($%/d$'<$<<&))8<*$-&"'1/&")9"*)

2 " 5 0, / < < < < < 2 " 5 0, / < < < < < 2 " 5 0, / < < < < < 2 " 5 0, / < < < < < 2 " 5 0, / < < < < < 2 " 5 0, / 5 0 7 0 & / 5 + - ! # / "0 $ # - T U *"#% STX% )141FR% 0"10% Z18% "50% 3R% 1% 258854#% 8"'.04R 1=0#.% 01H#'==% 5$% C.1e% '$% g1$,% :% .#9#5>#;% I#.21$#$0 .#I15.8% 1$;% 4#=0% 0"#% !1.$#.% +'35$8% O5.% 7'6580598 S#$0#.%'$%[#3,%BQ%TT%0Z'%;1R8%1"#1;%'=%89"#;(4#, *"#%15.9.1=0@%.#0.5#>#;%=.'2%?16";1;%3R%1%0#12%=.'2 0"#% JXQ.;% S'2310% 7'6580598% P(II'.0% Pe(1;.'$@ 1..5>#;%10%!+aO7S%g1$%BA,%%*"#%0#12%21;#%0#2I'T .1.R%.#I15.8%0'%0"#%I41$#%8'%50%9'(4;%3#%=4'Z$,%<$9#%10 !+@%0"#%STX%I.';(905'$%3.1$9"%Z'.H#.8%0''H%'>#.%1$; 21;#%I#.21$#$0%.#I15.8%50%Z18%[US%BN%"'(.8%1=0#. 1..5>5$6%1$;%.#0(.$#;%0'%<C[%15.45=0%25885'$%'$%A%U1.9",

Q:

PKUUE+

BMMN


FGJ F+;,#; (/$)* -0/* 65!"# (,/5-/1-#+! T.(>$1)(?&%#*,,*(@$,,($"7(3H)(T*)#$".(Q*,,*B(#,"'($/"$/;26$jD%&/(&Z6$2)6/%##'()/$":$/;($!>R$!"&)(&g$L:$8"D$&('('Y(&K$#%6/$0H$=%6$%Y"D/ /;($!"'Y%/$B2)E$R&E%)2+%/2")$2'-#('()/(9$2)$R,/"Y(&$":$TXXTA$f"D$'%8$"&$'%8$)"/$Y($%=%&( S1I0%U59"#44#%d144 /;%/$=2/;2)$/;($=2)E$&(6/&D,/D&2)E$%$6#2E;/#8$#(66$9&%'%/2,$,;%)E($/""C$-#%,($2'-%,/2)E$/;($)")M '%2)/()%),(K$#"E26/2,6$"::2,(&$,"''D)2/8A$0::(,/21($]$\"1('Y(&$XTK$"::2,(&6$:"&'(&#8$,")629(&(9 /&%)6-"&/%/2")$FT]7GK$6D--#8p:D(#6$FT]5G$%)9$#"E26/2,6$-#%)6$FT]>G$=(&($&(9(62E)%/(9$%6$."E26/2,6 H(%92)(66$ FT]HG$ R::2,(&6$ "&$ .HR6A$ 066()/2%##8K$ "::2,(&6$ =;"$ -&(12"D6#8$ =(&($ (O-(,/(9$ /"$ Y( (O-(&/6$ 2)$ /;(2&$ &(6-(,/21($ :D),/2")6$ %&($ )"=$ &(jD2&(9$ /"$ ;%1($ Y&"%9(&$ C)"=#(9E($ ":$ %##$ /;&(( #"E26/2,6$:D),/2")6A$7;($,"'Y2)(9$PN5!$6/&D,/D&($;%6$Y(()$2)$(::(,/$:"&$)(%&#8$/="$8(%&6$)"=K 6"$=($9(,29(9$/"$D6($/;($!>R$!"&)(&$%6$%$:"&D'$:"&$.RP$!>R6$/"$(O-&(66$/;(2&$/;"DE;/6$") /;26$)(=$,%&((&$9(1(#"-'()/A 7;($2):"&'%#$6D&1(8$=()/$"D/$Y8$(M'%2#$/"$%$6%'-#($":$!>R6$%)9$=%6$-"6/(9$")$/;($.RP$=(YM 70%?#0"1$R%c#44#. 62/($!>R$!"&)(&$:"&$%--&"O2'%/(#8$_X$9%86A$H(6-")9()/6$=(&($%6C(9$/"$-&"129($/;(2&$"-2)2")6 ")$/;($:"##"=2)E$jD(6/2")6d$ B3-(+&8+S8.+E'8G+-28.(+(3#+I?J+*8'*#4(e ^Uw$":$"D&$&(6-")9()/6$2)92,%/(9$/;%/$/;(8$C)(=$%/$#(%6/$6"'(M /;2)E$%Y"D/$/;($.HR$,"),(-/A$7;(2&$#(1(#$":$C)"=#(9E($&%)E(9$:&"'$[(1(&8/;2)E$%)9$/;()$6"'([$/"$3D6/$=;%/ /;(8Z9$#(%&)(9$Y8$-%&/2,2-%/2)E$2)$%)$.HR$)(=6E&"D-$/;&"DE;$f%;""g$7;($E()(&%#$,")6()6D6$":$/;($^Uw$=;" 2)92,%/(9$ 6"'($ C)"=#(9E($ ":$ /;($ ,"),(-/$ =%6$ /;%/$ /;(8$ D)9(&6/""9$ 2/$ =%6$ 2)/()9(9$ /"$ Y&(%C$ 9"=)$ "#9 6/"1(-2-(6$%)9$,&(%/($"::2,(&6$=;"$;%1($[%$:%&$Y(//(&$D)9(&6/%)92)E$%)9$%Y2#2/8$/"$'%)%E($=;%/$%'"D)/6$/"$/;( ?R?$6D--#8$,;%2)A[$5"'($&(6-")9()/6$9(6,&2Y(9$/;($`5PN$'"1($/"$,"'Y2)($/&%)6-"&/%/2")K$6D--#8$%)9$#"E -#%)6$%6$%$=%8$/"$'%C($#"E26/2,6$2)$/;($`5PN$'"&($[-D&-#([$"&$3"2)/A$R)($6D&-&262)E$/;2)E$/"$)"/($26$/;%/$]_w ":$/;"6($=;"$&(6-")9(9$2)92,%/(9$/;%/$/;(8$929)Z/$C)"=$%Y"D/$/;($,"),(-/$%/$%##A$ B3-(+%$+S8."+%14"#$$%8'+8H+(3#+I?J+*8'*#4(+'8G+(3-(+(3#+L;/>+%$+-+2%(+86#"+8'#+S#-"+%'(8+(3#+$(".*(."#e 7;($&(6-")6(6$/"$/;26$jD(6/2")$&%)E(9$:&"'$VXw$6/%/2)E$/;%/$/;(8$[#2C(9$/;($29(%[$/"$TUw$":$&(6-")9()/6$6%8M 2)E$/;(8$[;%/(9$2/[$"&$/;%/$2/$=%6)Z/$(::(,/21(A$7;($&('%2)2)E$-(&6"))(#$(2/;(&$929)Z/$&(6-")9$/"$/;26$jD(6/2") F^wG$"&$/;(8$;%9$Y"/;$-"62/21($%)9$)(E%/21($,"''()/6$%Y"D/$/;($.HR$,"),(-/$FTUwGA$7;"6($2)92,%/2)E$/;(8 /;"DE;/$/;($.HR$,"),(-/$=%6$-"62/21(K$,2/(9$/;%/$/;($2)2/2%/21($26$/&%)6:"&'2)E$`5PN$#"E26/2,6$2)/"$%$'"&( [-D&-#([$="&#9K$/;D6$'%C2)E$`5PN$#"E26/2,6$"::2,(&6$Y(//(&$%Y#($/"$"-(&%/($2)$%$3"2)/$()12&")'()/A$ R)$/;($:#2-$629(K$/;"6($&(6-")9()/6$=;"$:((#$/;%/$/;($)(=$.HR$,"),(-/$26$)"/$(::(,/21($,2/(9$%$1%&2(/8$":$&(%M 6")6A$H(6-")9()/6$:(#/$/;%/$/;($,"),(-/$[=(%C()6$t%)$.HR6u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

EbSED*C</O7 +E7EOPE

Q]


-#(K$/;"6($=;"$Y(E%)$%6$,"&($/&%)6-"&/%/2")$"::2,(&6$%&($&(jD2&(9$/"$,"'-#(/($(O-"&/%Y#($,"D&6(6$2)$/;($"/;(& ,"&($,"'-(/(),2(6$":$6D--#8K$#"E26/2,6$-#%)6$"&$:D(#6$/"$&"D)9$"D/$/;(2&$.HR$/&%2)2)E$)"$#%/(&$/;%)$TXXVA$R)( &(6-")9()/$9(6,&2Y(9$/;(6($(O-"&/%Y#(6$%6$[#%DE;%Y#($%)9$%)$('Y%&&%66'()/A[$P)"/;(&$&(6-")9()/$9(6,&2Y(9$/;( 2'-#('()/%/2")$%6$[/;($-""&(6/$-D/$/"E(/;(&$-&"E&%'[$(O-(&2(),(9$2)$;26$,%&((&A$ A-6#+S8.+2##'+&#478S#&+8"+%'+-+$%(.-(%8'+&."%'F+G3%*3+(3#+I?J+*8'*#4(+G-$+3#74H.7C*-1#+%'+3-'&Se L:$6"K -#(%6($9(6,&2Y($2/A$?(6-2/($/;($;2E;$"-6$/('-"$:%,2)E$%##$":$D6$2)$/;($`5PN$/"9%8K$'%)8$":$"D&$&(6-")9()/6$;%9 )"/$8(/$Y(()$9(-#"8(9A$5"'($":$/;"6($=;"$;%9$Y(()$9(-#"8(9$FTUwG$%6$%)$.HR$6%=$/;(2&$(O-"&/%Y#($/&%2)2)E %6$;(#-:D#A$7;(6($-(&6"))(#$9(6,&2Y(9$;"=$/;(8$2''(92%/(#8$/""C$=;%/$/;(8Z9$#(%&)(9$2)$/;(2&$(O-"&/%Y#($,"D&6M (6$%)9$-D/$2/$/"$="&C$2)$/;($9(-#"8(9$#",%/2")A$R/;(&6$6/%/(9$/;%/$/;(8$:"D)9$/;($.HR$%$,"),(-/$%$;2)9&%),( /"$"-(&%/2")6$%/$%$9(-#"8(9$#",%/2")$Y(,%D6(K$9D($/"$/;(2&$#2'2/(9$(O-(&2(),(p/&%2)2)E$2)$,(&/%2)$%&(%6K$.HR6 ['%9($'26/%C(6$=;2,;$,"6/$/2'(K$'")(8$%)9$(O/&%$(::"&/6$Y8$/;($%2&'()$/;(8$#(9A[$

E+G S)<%S<+/E+

I?J$+-"#+*.""#'(7S+#:4#*(#&+(8+E'8G+-(+7#-$(+(3#+2-$%*$+8H+!JI+84#"-(%8'$M+B3-(+G8.7&+S8.+(3%'E+%H+!JI G-$+("-'$H#""#&+(8+(3#+0f=+-'&+2#*-1#+-+1-%'(#'-'*#+8HH%*#"+*8"#+*814#(#'*Se 7;26$/"-2,$;%6$Y(()$;"/#8 9(Y%/(9$2)$%)$.RP$hD(6/2")$":$/;($*")/;$%)9$2)$1%&2"D6$:"&D'6$%,&"66$/;($`5PNA$L)/(&(6/2)E#8K$U]w$":$.RP !>R6$ =;"$ &(-#2(9$ 929)Z/$ %E&(($ =2/;$ /;($ 29(%K$ ]bw$ ":$ &(6-")9()/6$ /;"DE;/$ 2/$ =%6$ %$ E""9$ 29(%K$ %)9$ ]bw$ ": &(6-")9()/6$6/%/(9$/;(8$[,"D#9)Z/$,%&($#(66[$"&$;%9$Y"/;$-"62/21($%)9$)(E%/21($,"''()/6$%Y"D/$/;($,"),(-/A R)($,"'-(##2)E$%&ED'()/$%E%2)6/$'"12)E$/;($QR.$,"&($,"'-(/(),8$:&"'$/;($.HR$/"$/;($'%2)/()%),($"::2M ,(&$=%6$,2/(9$Y8$6(1(&%#$":$/;($"::2,(&6$=;"$&(6-")9(9d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g(S4#g+8H+8HH%*#"M+,3%$+1%F3(+2# *8'$%&#"#&+-$+1-E%'F+(3#+$.447S+*3-%'+g"#-7Mg+58#$+(3#+I?J+*8'*#4(+1-E#+(3#+g$.447S+*3-%'+"#-7eg+B3S 8"+G3S+'8(e B($&(,(21(9$jD2/($%$:(=$-%662")%/($&(6-")6(6$/"$/;26$jD(6/2")g$7;($"1(&%##$-(&,()/%E(6$2)92,%/( /;%/$%Y"D/$;%#:$":$/;"6($=;"$&(6-")9(9$/;2)C$/;%/$/;($.HR$,"),(-/$9"(6$)"/$'%C($/;($6D--#8$,;%2)$[&(%#A[ 5"'($&(6-")9()/6$:((#$/;%/$/;($6D--#8$,;%2)$26)Z/$'%9($&(%#$Y8$/;($.HR$,"),(-/$Y(,%D6($2/$9"(6)Z/$2),#D9($/;( %,jD262/2")$6(E'()/A$R/;(&6$,"''()/(9$/;%/$/;($6D--#8$,;%2)$=%6)Z/$&(%#$/;&"DE;$/;($.HR$,"),(-/$Y(,%D6( '%)8$":$/;($Y%6(M#(1(#$-&",(66(6K$=;(&($'%)8$.HR6$6(&1(K$%&($'%)%E(9$Y8$H(E2")%#$5D--#8$5jD%9&")6A$R)( &(6-")9()/$6/%/(9$/;%/$/;2)C2)E$/;($.HR$,"),(-/$'%C(6$/;($6D--#8$,;%2)$&(%#$26$#2C($6%82)E$[2)6/(%9$":$/&%2)M 2)E$:""/Y%##$/(%'6$#2C($=($%#=%86$;%1(M#(/Z6$")#8$;%1($")($/8-($":$-#%8(&$=;"$,%)$9"$(1(&8/;2)Ed$jD%&/(&Y%,CK &D))2)E$Y%,CK$C2,C(&K$#2)('%)K$(/,A[$ RY12"D6#8K$/;(&($%&($6/2##$1%&2(9$"-2)2")6$%Y"D/$/;($.HR$,"),(-/$%'")E6/$!>R$#"E26/2,2%)6K$)(%&#8$/="$8(%&6$%:/(&$2/6 2'-#('()/%/2")A$ 7;&"DE;$ -"62/21($ %)9$ ,")6/&D,/21($ :((9Y%,CK$ /;($ -&"E&%'$ =2##$ ;"-(:D##8$ ,")/2)D($ /"$ E&"=$ 2)/"$ %) (66()/2%#$,"'-")()/$":$,"'Y%/$#"E26/2,6g$7;%)C6$/"$%##$":$8"D$=;"$/""C$/;($/2'($/"$&(-#8$/"$"D&$6D&1(8A$ 7;26$=2##$Y($!%-/$<%##Z6$#%6/$266D($":$/;($!>R$!"&)(&$9D($/"$;(&$-&"'"/2")$/"$*%3"&e$2:$8"DZ&($%$.RP$!>R$%)9$=%)/ /"$1"#D)/((&$/"$Y($/;($)(O/$!>R$!"&)(&$'%)%E2)E$(92/"&K$-#(%6($1262/$/;($!>R$!"&)(&$=(Y62/($/"$%--#8A$ TA"(0J@(0%+-"+(*3(<+*22"-(9&(01#2(/*4A"$$"(Z1$$E(*3(1-()"+*1$(;%+2(@#"+12*%-3(@55*4"+(5%+(2A"(i\i()/L(12(H)M /*$'"-A1$$( 1-'( N>T( W"2A1-&( R"$$"+E( 2A"( /1*-2"-1-4"( T+1*-*-:( M$*:A2( 0%,,1-'"+( 5%+( 2A"( gN( /@LE( )I*1-%( )WK B"`2(*336"U3(X0%+-"+X(2A","S(L6321*-*-:(),"+*41U3(0%,912(G':"K()$$(4%,,"-23(%+(4%-2+*962*%-3(3A%6$'(9"(369,*2Q 2"'(2%(0J@0%+-"+b>@)B12*%-1$K%+:K( NM

PKUUE+

BMMN

EbSED*C</O7 +E7EOPE

NM


F"-()#;$ 3(A-)#0 ?0!0,-6<?0##$+#<-60",/#<V<6$** 0.49<2, J;<+&))*7(<.(>$1)(E;7-*.(A$'*

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`5PN$L)/(&)$Q&"E&%'A$ L)$*%&,;K$=($/""C$%$/"D&$":$%$#",%#$'%)D:%,/D&2)E$%&(%kP74$7;2"C"#K$=;"$'%)D:%,/D&(6$6"#29$-&"-D#62")$686/('6$:"& 6-%,($1(;2,#(6$%/$/;(2&$Q&"'")/"&8K$`/%;$62/(A$L)$P-&2#$/;($5")"&%)$!;%-/(&$,%'($/"$1262/$:"&$%$9(-"/$"&2()/%/2")p,&"66M /%#CA$B($=2##$%#6"$Y($;"6/2)E$%)$PNQ!$1262/$:"&$"D&$<2##$#"EE2(6AA$L)$*%8K$=($%&($-#%))2)E$/"$;%1($"D&$N2&6/$P))D%# .RP$>"#:$7"D&)%'()/A$

-#+!!#+05!<-60",/#<V<,$%:/# 0.49<+: J;<+&))*7(<.(?$P(I*"*(>$-)*-

7;($!&"66&"%96$!;%-/(&$;%6$;%9$%$6;"&/$Y&(%C$%:/(&$/;($1(&8$YD68$\%/2")%#$!"):(&(),($#%6/$R,/"Y(&K$YD/$=(i&($Y%,C$2) /;($E%'($%6$":$#%/(A$ L)$*%&,;K$>()(&%#$F&(/2&(9G$S2##8$S"#(6K$:"&'(&$P07!$!"''%)9(&K$6-"C($/"$"D&$,;%-/(&$")$N"&,($?(1(#"-'()/$%)9 .(%9(&6;2-$%)9$/;()$=($/"D&(9$/;($NPP$!()/(&A$7;($NPP$/"D&$/;26$/2'(K$;"=(1(&K$:",D6(9$")$/;($%&(%6$/;%/$=($,"D#9 )"/$,"1(&$9D&2)E$/;($\%/2")%#$!"):(&(),($/"D&A$L)$P-&2#K$=($6-()/$/2'($&(:D&Y26;2)E$;"'(6$":$#"=M2),"'($6()2"&$,2/2M +()6$=2/;$l!;&26/'%6$2)$P-&2#mA$R)$"D&$#")EM&%)E($6,"-(K$=($;%1($"D&$%))D%#$E"#:$/"D&)%'()/$%)9$%$/&2-$/"$6(($/;($SM T$-&"E&%'$%/$B;2/('%)$PNS$2)$*%8A$P)9$2)$@D)(K$=($%&($-#%))2)E$%$/"D&$":$/;($P'(&2,%)$P2&#2)(6$:%,2#2/2(6$2)$N/ B"&/;$-#D6$%$1262/$Y8$/;($.2//#($H",C$PNS$,;%-/(&A$P6$D6D%#K$/;($#%&E(6/$,;%-/(&$2)$.RP$26$%#=%86$YD68A F-/+()#*(!L(J)$22^(>/"'-$);,$)&/"0()/(?$P(e(?-09(>$-)*-(/"()#*(<&-)#(/2()#*&-(7$;'#)*-9

7$!!<3//5+* -60",/#<V<7$!0?0 049<=0"0% J;<+&))*7(<.(>$1)(H/;&0(H&)),*)/"

7;($ *26%=%$ ."E26/2,6$ R::2,(&$ P66",2%/2")$ 6/%&/(9$ /;($ \(=$ f(%&$ Y8$ -%&/2,2-%/2)E$ 2)$ %$ S"=#2)E$ 7"D&)%'()/$ =2/;$ "D& #"E26/2,6$,"D)/(&-%&/6$2)$/;($@%-%)(6($P2&$5(#:$?(:()6($N"&,(A$P##$;%9$%$E&(%/$/2'($%)9$/;($:"D)9%/2")$:"&$:D/D&($(1()/6 =%6$YD2#/A$ L)$N(Y&D%&8K$=($=(&($%Y#($/"$/%C($%91%)/%E($":$%$1262/$:&"'$*%3$>()$!&%2E$QA$H%6'D66()K$?2&(,/"&$":$."E26/2,6$H(%92)(66K R::2,($":$/;($?(-D/8$!;2(:$":$5/%::$L.K$<hA$>()$H%6'D66()$#(9$/;($!L\!$L)6/%##%/2")$0O,(##(),($P=%&9$FL0PG$7(%'K$%6 /;(8$(1%#D%/(9$*26%=%$%6$")($":$/;&(($:2)%#26/6$2)$/;($P2&$N"&,(A$B($;"6/(9$%$#D),;$=2/;$*%3$>()$H%6'D66()$%)9$;($-&"M 129(9$D6$2)62E;/$/"$/;($62E)2:2,%),($":$/;($L0PA$<($%#6"$&(,"D)/(9$;26$(O-(&2(),(6$%6$/;($0D&"-(%)$!"''%)9$@MVA$ B(i&($#""C2)E$:"&=%&9$/"$'"&($(1()/6$2)$/;26$8(%&$%6$=($;%1($6"'($(O,2/2)E$(1()/6$")$/;($9&%=2)E$Y"%&9A$B(i##$C((8"D$-"6/(9A

!"#$%#&'()"#)#'*$)+,-'... EbSED*C</O7 +E7EOPE

NA


7$55*/<&/+#&$0 -60",/#<V<#+4$%! 0.49<&0 J;<+&))*7(<.(?$P(?&B*(?&0)-*))$

7;($ *299#($ >("&E2%$ !;%-/(&$ ,")/2)D(6$ /"$ -#%)$ :"&$ /;($ TXXq$ .RP$ \%/2")%#$ !"):(&(),($ 2)$ P/#%)/%A$ !%-/$ l!;D,Cm Q%8)($%)9$;26$/(%'$&(,()/#8$/&%1(#(9$/"$/;($R')2$<"/(#$2)$P/#%)/%$:"&$%$62/($6D&1(8A$$7;($;"/(#$26$6D-(&Yg$$B($%&( ="&C2)E$ =2/;$ >("&E2%$ >"1(&)"&K$ 5"))8$ Q(&9D($ /"$ -&"129($ D6$ %$ 6;"&/$ 129("/%-($ /"$ -&(6()/$ %/$ /;($ TXXV$ \%/2")%# !"):(&(),($2)$.%6$I(E%6A$!"#$4%/;#(()$*A$5-(),(&$;%6$1"#D)/((&(9$/"$-&"129($/;($/(%'$=2/;$l/"-M,"1(&m$")$/;26$'%3"& -&"3(,/A$5"$:%&$=($%&($")$/&%,Cg RD&$,;%-/(&$,")/2)D(6$/"$-&"129($%$:"&D'$:"&$#"E26/2,6$9(1(#"-'()/A$L)$@%)K$/;($0'(&%#9$!"%6/$.RP$!;%-/(&$1262/(9 %)9$&(,(21(9$%)$"&2()/%/2")$/"$/;($%2&,&%:/$9(-"/$'%2)/()%),($629($":$/;($P.!A$B($/;()$;"6/(9$/;('$:"&$%$l.D),;$x .(%&)m$%)9$/;(8$-&(6()/(9$D6$/;($2)/(&(6/2)E$__NB$*2662")$S&2(:A$L)$N(YK$=($;"6/(9$S&2E$>()$*,!"8$F<h$PN*!p.>G :"&$%$>H0P7$l.D),;$x$.(%&)m$:"&D'$%Y"D/$,D&&()/$.>$266D(6$%)9$,;%##()E(6A R1(&%##K$/;($,;%-/(&$&('%2)6$;(%#/;8$%6$=($,")/2)D($/"$&(,&D2/$:"#C6$/"$l!"'($3"2)$D6$:"&$#(%9(&6;2-$%)9$-&":(662")%# 9(1(#"-'()/$%)9$N`\gm

?0##$+#!<+.<,6/<%+#,6<-60",/#<V<&#0%5 .+#:! 0.4

E + G S d O D * E + K D L O* E P

J;<+&))*7(<.(H)(T/<(>$-1*")*-

L)$/;($#%6/$:(=$'")/;6$=(i1($;%9$%$6D,,(66:D#$!;&26/'%6$-%&/8K$%$Y"=#2)E$/"D&)(8$/;%/$&%26(9$"1(&$aUXX$%)9$%$/&2-$/"$/;( #",%#$P'%+")A,"'$=%&(;"D6(A$01()$;(&($2)$/;($6'%##$>&%)9$N"&C6$,"''D)2/8K$=($=(&($(O-"6(9$/"$%$'%3"&$#"E26/2,6$"-(&M %/2")A$B($#(%&)(9$%--&"O2'%/(#8$cX$-(&,()/$":$/;($/""#6$"&9(&(9$12%$P'%+")A,"'$%&($6;2--(9$:&"'$/;26$#",%/2")A$ L)$*%&,;K$S>$H()"K$P*!pPVK$=%6$/;($ED(6/$6-(%C(&$%/$/;($T)9$P))D%#$_]c$*n>$RD/6/%)92)E$Q&":(662")%#$P=%&96 S%)jD(/A$S>$H()"$=%6$%#6"$/;($ED(6/$":$;")"&$%/$/;($H2YY")$!D//2)E$,(&('")8$:"&$/;($_]c$.H5i$)(=$QR.$:%,2#2/8A$ 7;($()9$":$"D&$;2E;$9(-#"8'()/$,"''2/'()/$6(('6$)"=;(&($2)$62E;/K$YD/$"D&$,;%-/(&$-#%)6$/"$'%C($/;($)(=$8(%&$%)$(O,2/M 2)E$")(A$B(i##$="&C$%&"D)9$/;($%Y6(),($":$"D&$:(##"=$#"EE2(6$/"$()6D&($,")/2)D(9$'()/"&2)E$%)9$E&"=/;$"--"&/D)2/2(6A

4$&<!:; -60",/#<V<70*7!,#+7 0.4 J;<+&))*7(<.30)(H)(R0%$-(E0B*-

B(#,"'($/"$/;($S2E$5C8g$7;($Y(E2))2)E$":$TXXV$'%&C(9$/;($6/%&/$":$/;($&(12/%#2+%/2")$8(%&$:"&$/;($S2E$5C8$,;%-/(&$%/ *%#'6/&"'$PNSK$*")/%)%A$5()2"&$#(%9(&6;2-$2)1"#1('()/$%)9$'()/"&6;2-$26$6/&")E(&$/;%)$(1(&A$ L)$'29MN(Y&D%&8$%$/(%'$('Y%&C(9$")$%$=((C#")E$(9D,%/2")%#$/&2-$/"$<2##$PNS$/"$/"D&$/;($L!S*$5QRA$7;($/(%'$1262/(9 /;($9(-"/$:",D62)E$")$/;($Q&"-(##%)/$H(-#%,('()/$Q&"E&%'$%)9$N#2E;/$!")/&"#6$5(,/2")$:"&$/;($*2)D/('%)$LLL$686/('A L)$*%&,;K$/;($/(%'$;"6/(9$%$#D),;(")$=2/;$ED(6/$6-(%C(&$!"#$H"Y(&/$PA$*%)6:2(#9K$<h$PN5Q!$!;2(:$5D6/%2)'()/ R::2,(&A$!"#$*%)6:2(#9$;2E;#2E;/(9$D-,"'2)E$,;%)E(6$2)$/;($L!S*$="&#9$%)9$;"=$/;(6($,;%)E(6$=2##$Y($%$#(%9(&6;2,;%##()E($:"&$/;($'%2)/()%),($,%&((&$:2(#9A$

/7/#0*5<-+0!,<-60",/#<V</&*$% 0.4 J;<+&))*7(<.(?$P(f/*(T$"&$B

L)$@%)D%&8$=($6()/$]U$'('Y(&6$(%E(&$/"$6(($D-$,#"6($=;%/$;%--()6$%/$%$9(-"/$/"$H"Y2)6$PNSA$7;($H"Y2)6$.RP$;"6/M (9$/;($/(%'$%)9$/;($6D--"&/$=%6$:%)/%6/2,A$7;($,")6()6D6$=%6$/"$C((-$/;26$/&2-$E"2)E$2)$/;($:D/D&(A$ L)$N(Y$=($;"6/(9$%)$RQ?$Q&(6()/%/2")$:&"'$%$5()2"&$.(1(#$0O(,D/21($F*&A$@(&&8$!"#('%)G$:&"'$N0?0n$%Y"D/$#"E26M /2,6$266D(6$%/$N0?0nA$<($:",D6(9$")$9%8M/"M9%8$#"E26/2,6$,;%##()E(6$%/$")($":$/;($6"D/;(&)$&(E2")i6$YD62(6/$,()/(&6A$

NB

!C/*E+

BMMN


8$0 -60",/#<T<-0%%+% 0.4 J;<+&))*7(<.(>$1)(T-*$""*(O$</-

TXXV$;%6$%#&(%98$6/%&/(9$"D/$%6$%$Y2E$8(%&$:"&$"D&$'('Y(&6A$L)$P-&2#$=($=2##$;"6/$%$E"#:$/"D&)%'()/$:"&$/;($Tb/;$N2E;/(&$B2)EA 7"$:2)26;$D-$/;($6-&2)E$=(i##$;"#9$"D&$:2&6/$(1(&$!"'Y%/$?2)2)EML)A$L)$@D)($=($;%1($/="$(1()/6$-#%))(9d$%$6-&2)E$:#2)E$%/$/;( ,")6"#29%/(9$,#DY$"-()$/"$/;($=2)E$%)9$,"''D)2/8$%)9$%$."E26/2,$R::2,(&$Q&":(662")%#$?(1(#"-'()/$?%8$=;()$=($=2##$;"6/ "/;(&$.RP$'('Y(&6$2)$%$9%8#")E$(1()/$2)/&"9D,2)E$l8"D)E$ED86$/"$"#9$ED86m$(),"D&%E2)E$,&"66M/(##$%)9$'()/"&6;2-A$ !")E&%/D#%/2")6$ /"$ /;($ Tb/;$ *>$ Y(2)E$ )%'(9$ /;($ TXX_$ P!!$ ?%(9%#2")$ P=%&9$ =2))(&6g$ !")E&%/6$ /"$ !%-/A$ ?%#( H"Y(&/6")K$)%'(9$/;($]T/;$PN$!>R$":$/;($f(%&g$B($%&($#""C2)E$:"&=%&9$/"$%$E&(%/$/D&)$"D/$%/$/;26$8(%&i6$)%/2")%# ,"):(&(),($2)$.%6$I(E%6AAA#""C$:"&$D6$2)$"D&$)(=$s2%$!;%-/(&$6;2&/6g$5(($(1(&8")($/;(&(A$

=07/!<#$3/#<-60",/#<V<5/./%!/ !2""*; -/%,/#9<#$-67+%5 J;<+&))*7(<.(H)(>/,(f/#"(g&,B&"0/"

7;($)(=#8$,;%&/(&(9$@%'(6$H21(&$!;%-/(&$;(#9$2/6$:2&6/$'((/2)E$%/$/;($?(:()6($5D--#8$!()/(&$H2,;'")9i6$!#DY$")$_] *%&$XVA$B($;%9$UV$%//()9((6K$2),#D92)E$./$!"#$7&%,8$5'2(9()9"&:$F\%/2")%#$P6626/%)/$7&(%6D&(&G$%)9$*&A$?%)$.%H"6( :&"'$/;($.%)E#(8$.RP$!;%-/(&A$ !"#$5#2,C$4%/+K$`5*!K$6/(--(9$D-$/"$Y($"D&$:2&6/$ED(6/$6-(%C(&A$<26$Y&2(:2)E$")$lN&"'$/;($5(%|@"2)/)(66m$;%6$E()(&M %/(9$jD2/($%$Y2/$":$926,D662")$%&"D)9$;(&($")$/;($:D/D&($92&(,/2")$":$3"2)/$#"E26/2,6|(6-(,2%##8$2)$/;($5(%$S%62)E$%&(%A <26$Y&2(:2)E$929$(O%,/#8$=;%/$2/$=%6$6D--"6($/"$9"|-&(6()/$%)$(8($"-()2)E$92&(,/2")$":$/;($."EE2($="&#9$=(i&($)"/$/"" :%'2#2%&$=2/;K$/;()$2)6-2&($6"'($'"D/;$"-()2)E$92%#"E$%'")E$/;"6($."EE2(6A$FL$=%6$E"2)E$/"$,"''()/$%Y"D/$;26$6#%' ")$/;($P2&$N"&,($:"#C6$;%12)E$%$6;"&/$%//()/2")$6-%)K$YD/$L$:"&E"/$=;%/$L$=%6$E"2)E$/"$6%8AG$ L$;%)9(9$./$!"#$5'2(9()9"&:$UT$.RP$%--#2,%/2")6$/"$E(/$D6$6/%&/(9A$B2/;$/;($6/&")E$6D--"&/$":$"D&$!()/(&$!"''%)9(&K H(%&$P9'2&%#$*2C($.89()K$"D&$!;%-/(&$;%6$%$/&('()9"D6$"--"&/D)2/8$2)$,")/&2YD/2)E$/"$/;($-&":(662")%#$9(1(#"-'()/ ":$"D&$!()/(&i6$."EE2($,"''D)2/8A

"0*7/,,+<-60",/#<V<!60? 0.4 J;<+&))*7(<.(67(H)(!-&B(J$-$%&"/

7;($Q%#'(//"$!;%-/(&$,")/2)D(6$/"$6;2)($%6$=($%&($6;%//(&2)E$'('Y(&6;2-$&(,"&96$:"&$"D&$&(E2")$%)9$,&(%/($%)$2))"M 1%/21($%--&"%,;$/"$*%2)/()%),($%)9$."E26/2,6$R::2,(&$?(1(#"-'()/A$$ L)$@%)$TXXVK$"D&$,;%-/(&$;"6/(9$/="$":$"D&$"=)K$!%-/$H"9)(8$.D,C(//$FTX$*R5G$%)9$!%-/$S&%9$?"DE#%66$FTX$P*n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

6/0#,<+.<5$1$/<-60",/#<V<701?/** 0.4 J;<+&))*7(<.(>$1)(?&%#$*,(T,&00

7;($;(%&/$":$?2O2($!;%-/(&$;2/$/;($E&"D)9$&D))2)EA$L)$@%)D%&8K$jD2,C#8$=()/$/"$="&C$9(1(#"-2)E$"D&$QQ0$FQD&-"6(K Q&2"&2/2(6K$%)9$0O(,D/2")$Q#%)Gk/;($lE%'($-#%)m$/"$'%C($"D&$,;%-/(&$")($/;%/$="D#9$;%1($-"62/21($2'-%,/$)"/$")#8 ")$/;($#",%#$,;%-/(&K$YD/$)%/2")%##8$%6$=(##A /"#$%#&'()"#)0"11"2%#-)+,-'... EbSED*C</O7 +E7EOPE

NQ


RD&$N(Y&D%&8$42,CM"::$'((/2)E$=%6$%$;DE($6D,,(66A$S&2EA$>()A$P&/;D&$SA$*"&&2##$LLLK$?2&(,/"&K$H(6"D&,(6K$?(-D/8$!;2(: ":$5/%::K$L.K$<hK$=%6$/;($ED(6/$6-(%C(&A$<($,%-/21%/(9$/;($%D92(),($=2/;$;26$6;%&-$=2/$%)9$6-"/M")$%912,($")$;"=$/" Y($%)$(::(,/21($#(%9(&A 7;($D)2jD($(9D,%/2")$%)9$/&%2)2)E$'2662")$":$*%O=(##$-&"129(6$E&(%/$"--"&/D)2/8$:"&$D6$/"$&(%,;$#"E26/2,6$"::2,(&6$%/ 926/2),/$6/%E(6$2)$/;(2&$,%&((&6A$RD&$E"%#$26$/"$(O-%)9$/;26$2)2/2%/21($/"$/;($5jD%9&")$R::2,(&$!"##(E($%)9$P2&$%)9$5-%,( S%62,$!"D&6($%6$=(##A

#0$%$/#<-60",/#<V<7--6+#5 0.4 J;<+&))*7(<.(H)(>/,(O-$%.(J+&*7*"7/-2

E + G S d O D * E + K D L O* E P

*,!;"&9$ PNS$ .RP$ !;%-/(&$ Q&(629()/K$ *%3"&$ >&(E"&8$ 0)9&26K$ &(,()/#8 &(,(21(9$/;($-&(6/2E2"D6$P2&$N"&,($.(=$P##()$P=%&9$9D&2)E$,(&('")2(6$%/$/;( Q()/%E")$")$]U$*%&,;A$7;($.(=$P##()$P=%&9$26$-&(6()/(9$%))D%##8$/"$%) "::2,(&$%)9$\!R$=;"i1($9")($/;($'"6/$:"&$6"&/2($E()(&%/2")$,%-%Y2#2/8A$ P2&$ N"&,($ !;2(:$ ":$ 5/%::K$ >()(&%#$ @";)$ QA$ @D'-(&K$ -&(6()/(9$ *%3"&$ 0)9&26 =2/;$;26$%=%&9A$*%3"&$0)9&26$(O-(&/#8$#(9$/;($9(-#"8(9$/(%'$/;%/$E()(&%/(9 /;($:2&6/$!M]bP$=%&/2'($%2&9&"-$":$`)2/(9$5/%/(6i$:"&,(6A$P992/2")%##8K$;($%)9 ;26$ /(%'$ 6(/$ )D'(&"D6$ -&"9D,/2")$ &(,"&96$ =;2#($ /%C2)E$ /;($ `)2/(9$ 5/%/(6i =%&$")$/(&&"&26'$/"$/;($()('8$=2/;$cTT$'2662")6K$_K_XX$6"&/2(6K$%)9$^KXXX$:#82)E$;"D&6$9(#21(&2)E$T_KXXX$-%66()E(&6$%)9 cc$'2##2")$-"D)96$":$,%&E"$/"$/;($/;(%/(&$2)$")#8$^^$9%86A$!")E&%/D#%/2")6$/"$*%3$0)9&26g$B($;"-($/"$;(%&$'"&($%Y"D/ /;26$2)$.%6$I(E%6g

!+%+#0%<-60",/#<V<*2:/ 0.4 J;<+&))*7(<.(?&%#$*,(?&,*0

H(,()/#8$/;($5")"&%)$!;%-/(&$-#%8(9$Y%6C(/Y%##$2)$/;($Y%6( 2)/&%'D&%#$ #(%ED(A 7;($ /(%'$ '%9($ /;($ -"6/M6(%6")$ /"D&)%M '()/$ YD/$ :(##$ 6;"&/$ ":$ /;($ ,;%'-2")6;2-$ E%'(A 7;($ /(%' '('Y(&6$ =(&($ F:&"'$ #(:/$ /"$ &2E;/Gd$ FY%,C$ &"=G!%-/$ S&2%) 5/(#'%K$ *%3$ *%&C$ <(##(C6()K$ !%-/$ @";)$ \('(,(CK$ !%-/ *2,;%(#$ *2#(6K$ !%-/$ 7"'$ HD2+K$ *%3$ !%&#"6$ 526"K$ *%3$ @";) *%/((&K$ F:&")/$ &"=G$ !%-/$ 4(##(8$ 5/(1()6K$ ./$ 0&)2($ 5,"//K$ ./ ?%1($S%&/#(6")K$*%3$@";)$4DY2)(,$F)"/$-2,/D&(9G$!%-/$4(12) Ri!"))"&

0*07+<-60",/#<V<#0%5+*"6 0.4 J;<+&))*7(<.(H)(>/,(Q*""*)#(?%Q*,,$-

>&((/2)E6$:&"'$/;($P#%'"$!;%-/(&K$5%)$P)/")2"K$7(O%6g B($;%1($Y(()$1(&8$YD68$"1(&$/;($#%6/$jD%&/(&A RD&$!;%-/(& ;(#9$%)$(1()/$(1(&8$'")/;g L)$@%)D%&8$=($;"6/(9$S>()$@";)$@(&)2E%)$=;"$Y&2(:(9$/;($,;%-/(&$")$lQ&(-%&2)E$5%) P)/")2"$:"&$SHP!$XqmA L)$N(Y&D%&8$=($;%9$% Y&2(:2)E$:&"'$5PNpL.L$?(-D/8K !"#$Q%D#$?D)Y%&A <26$Y&2(:2)E$") ."E26/2,6$7&%)6:"&'%/2")$=%6$1(&8$/2'(#8$:"&$"D&$,;%-/(&A S"(2)E$P(&"6-%,($!"'-%)8$%#6"$;"6/(9$%$E&"D-$")$%$/"D& ":$/;(2&$!M]b$&(-%2&$:%,2#2/8A N2)%##8$2)$*%&,;K$%$E&"D-$":$P#%'"$,;%-/(&$'('Y(&6$/&%1(#(9$/"$N/$B"&/;K$7(O%6$%)9$&(,(21(9$Y&2(:2)E6$%)9$%)$%=(M 6"'($/"D&$")$/;( NpPTTK$@5NK$NM]U$%)9$.(%)$*%)D:%,/D&2)EK :&"'$.",C;((9$*%&/2)$!"&-A$7;($Y(6/$-&(6()/%/2")$=%6 l.%6(&$`7m$%$'(/;"9$":$D62)E$#%6(&6$/"$/(6/$2)/(E&2/8$":$,"'-"62/($'%/(&2%#6A `-,"'2)E$-#%)6$2),#D9($%$*%8$E"#:$/"D&)%'()/$%)9$%$@D)($#",%#$6,;"#%&6;2-$#D),;(")A 7;26$;%6$Y(()$%)$(O,2/2)E$8(%& :"&$/;($P#%'"$!;%-/(&$%)9$=($;"-($/;%/$2/$,")/2)D(6$%6$2/$;%6$Y(()A 5(($8"D$%##$2)$.%6$I(E%6g$$! NN

PKUUE+

BMMN


J,$ )"#$ 7+K# I, @JI ^?9,_+</<@h ;,K<;J< B?K,9;T W(=$")*7()/(,*)(+.(2*,,/=(H/''&*0(B"/=()#$)(W(=&,,(<*(-*)&-&"'($) )#*(*"7(/2(E1-&,($2)*-()=*").(.*$-0($"7($(2*=(+/")#09(W(1,$"(/" 0)$.&"'(&":/,:*7(&"(HREC()#-/;'#(/;-(,/%$,(%#$1)*-9(W(=$")()/ )#$"B(*:*-./"*(=#/(#$0(#*,1*7(+*(&"(+.(%$-**-(/:*-()#*(.*$-09 W2(W(%$"(<*(/2($".(#*,1()/($"./"*C(7/"h)(#*0&)$)*()/(%$,,9(?.(2$+S &,.($"7(W(=&,,(-*+$&"(&"()#*(J$"(E")/"&/(E-*$C(0/(&2(./;($-*(&" )#*($-*$C(1,*$0*(7-/1(;0($(,&"*] 0/X ;,9)9 JIK)9? B?K,9;T F&"&0#*7(;1(M(.*$-0(/2(+.(EFWO(+$0)*-0(1$.<$%B()/;-($)()#* EFH?E($"7($+("/=()#*(?i(R10(R22&%*-(2/-()#*(D3(?RJ($) R0$"9(W)h0('-*$)()/(<*(<$%B(&"($"(/1*-$)&/"$,(;"&)] @/!, ?9<9 /I/<Ki B?K,9;T R"(+.(=$.()/(P/&"()#*(E>>GWI(O*$+($2)*-()#*(+/0)(-*=$-7S &"'(P/<(&"(+.(0#/-)(+$&")*"$"%*(/22&%*-(%$-**-($0($"(W"0)-;%)/$)(E??R>9(?$".()#$"B0()/(O!E?(J#*11$-7($"7()#*(0;1*-< =&"'(,*$7*-0#&1j&)(=$0(+.(#/"/-()/(0*-:*($)(kO@!(O-$&"&"' >*")*-(/2(>#/&%*l9(@/1*()/(0**(+$".(/2(./;(=#&,*(/"(+.(WI O*$+()-$:*,09( 0/X 5J< ;@AIJ,A B?K,9;T W(-*%*"),.(+/:*7(2-/+()#*(4M4)#(ELgC(A/-),$"7C(RL9C()/(RRS EH>C(@&,,(EFT9(W(%$+*(2-/+($()-$7&)&/"$,(;"&)()/()#*(W?E(1-/S '-$+9(W(#$:*(0*-:*7($0($(V*1;).(I-/;1(>/++$"7*-(H/'&0)&%0C JZ;$7-/"(>/++$"7*-C(E&-%-$2)(?$&")*"$"%*(R22&%*-C(H/'&0)&%0 L*$7&"*00(R22&%*-($"7(O-$"01/-)$)&/"(R22&%*-9 0/X b?K/< >Jf B?K,9;T @/=7.($,,](Wh+(7;*()/(7*1$-)()#*(>/+<&"*7(J)$22($)(U/"'0$" I$--&0/"C( Q/-*$C( )#&0( 0;++*-( 2/-( E-+.( >/++$"7( $"7 I*"*-$,( J)$22( >/,,*'*( $)( F)9( H*$:*"=/-)#9( Q;7/0( 2/-( $,,( )#* $-)&%,*0( $"7( %/++;"&%$)&/"( W( 0**( /"( )#*( =*<0&)*m&)h0( <**" &":$,;$<,*(&"(#*,1&"'(+*(B**1(;1()/(7$)*(/"(EF(&00;*0(=#&,*($) $"(E-+.(<$0*9(

@/!, AK59>L0K Jj/0J,J B?K,9;T+ W( #$:*( 2&"&0#*7( +.( $00&'"+*")( $0( )#*( *i%#$"'*( /22&%*-( $) J#*11$-7(EFT9(V;-&"'(+.(6(.*$-()/;-C(W(#$7(,/)0(/2('-*$)(*i1*S -&*"%*0(&"()#*(nJ9(W(*"P/.*7(=/-B&"'(=&)#(nJEF(/22&%*-0($"7 )*$%#&"'($0($"(&"0)-;%)/-(/2(E?R>9(W(=/;,7(,&B*()/(*i1-*00(+. $11-*%&$)&/"()/($,,(1*/1,*(=#/(#*,1*7(;09(?.(=&2*C(+.(%#&,7-*" $"7(W(,/:*(J#*11$-79(W(=&,,(<*(0)$)&/"*7(&"(f.;P/(ET(&"(fEJVF 2/-($)(,*$0)(M(.*$-09(A,*$0*(%/")$%)(=&)#(+*(=#*"(./;(%/+*()/ f$1$"9(O@E[Q(URn]]]( @/!, /?,AL? !M+=?/>,J< K)+ B?K,9;T Wh+("*$-&"'()#*(*"7(/2($(-*=$-7&"'()/;-(=&)#(EFLH(7/&"'(,/'&0S )&%0(-*0*$-%#($)(g-&'#)SA$))*-0/"(EFTC($"7($+(,//B&"'(2/-=$-7 )/('*))&"'(<$%B()/()#*(2&*,7(=&)#(+.(;1%/+&"'($00&'"+*")()/()#* MNX)#( E?oJ( &"( U/B/)$( f$1$"9( O#*-*h0( "/)#&"'( <*))*-( )#$" =/-B&"'(=&)#()#*(kB";%B,*<;0)*-0l(/"()#*(2,&'#)(,&"*]( @/!, b?K/< 0@A9<?h B?K,9;T W($+($"(/,7(HRE(+*+<*-(=#/(&0(',$7()/(-*"*=(+.(+*+<*-0#&1 $2)*-(W(,*)(&)(,$10*(2-/+(L/<&"0(EFT9(W($+("/=($00&'"*7()/(A/1* EFT($0()#*(?$&")*"$"%*(R1*-$)&/"0(F,)(>>(<;)(=&,,(0//"(<* +/:&"'()/()#*(?oJ($0()#*(?$&")*"$"%*(R10(R22&%*-9( I, @JI A9?b !AKIIK!; B?K,9;T ?.(.*$-($)()#*(E&-(g$-(>/,,*'*(&0(%/+&"'()/($(%,/0*9(@*$7*7()/ A/1*( EFT( )/( <*( )#*( V*1;).( >/++$"7*-( /2( )#*( XM-7 ?$&")*"$"%*(I-/;19 I, @JI ?K@A/?5 !M+;@ABK<= B?K,9;T Wh+(/22()/(@K(E>>(&"(E;'(YX()/(<*()#*(nS6(g*$1/"0(J.0)*+ O*$+( >#&*29( g*( =&,,( <*( 2&"&0#&"'( ;1( 6( '-*$)( .*$-0( #*-*( $) J#*11$-7(EFT(=#*-*(W(=$0()#*(MNM(OLJ(>/++$"7*-m=&)# 3N(FOV(V*)$%#+*")09(g*(%$+*()/(J#*11$-7(=&)#("/(%#&,7-*" $"7($-*(,*$:&"'(=&)#(6mL&%#$-7(WWW(</-"(&"(6YYM($"7(!)#$" </-"(&"(6YYX](H//B(+*(;1($)(H$"',*.(&"(E;'(YX] O<5 I, =9?/I5 0/?,K<9i B?K,9;T I-$7;$)*7(2-/+(ROJ(/"(6Y(F*<(YXC("*=(HLR($)(Q&-),$"7(EFT9 /"#$%#&'()"#)0"11"2%#-)+,-'...

EbSED*C</O7 +E7EOPE

NX


I, @JI 0K@A/9I 9M+!9II9,K9? B?K,9;T W"(f;"*(/2(6YYM(W()//B(%/++$"7(/2()#*(_YN)#(J;11/-)(JZ($) O$*';(ETC(/"*(/2(2&:*(%/,,/%$)*7(/1*-$)&"'(<$0*0(&"()#*(L*1;<,&% /2(Q/-*$9(?.(2$+&,.($"7(W(*"P/.*7(Q/-*$(0/(+;%#(=*(7*%&7*7 )/(0)$.($"/)#*-()=/(.*$-0m1-&/-()/()#&0($00&'"+*")(W(=$0(/"()#* nJFQ(fX(0)$22($)(U/"'0$"9(?.(0+$,,(0Z;$7-/"(#$0($(<&'(+&0S 0&/"m+$&")$&"&"'(=$-(-*0*-:*(+$)*-&*,($"7(2$%&,&)&*0(&"();-"(B*. 0)$);0C(-*$7.()/(2&'#)()/"&'#)(&"()#*(*:*")(/2($(%/")&"'*"%.(/"()#* Q/-*$"(1*"&"0;,$9(W($+($,0/()#*(&"0)$,,$)&/"(%/++$"7*-(-*01/"S 0&<,*( 2/-( 1-/:&7&"'( <$0*( /1*-$)&"'( 0;11/-)( )/( $"( E-+.( J1*%&$, F/-%*0(#*,&%/1)*-(;"&)9(O#*(P/<(&0(,&B*(<*&"'()#*(+&00&/"(0;11/-) '-/;1( %/++$"7*-G$&-( <$0*( =&"'( %/++$"7*-( $)( $( 0+$,,( <$0*9 Wh+(,*$-"&"'($,,($</;)(>!C(0*%;-&).(2/-%*0($"7(0*-:&%*09

@/!, ;A/<9 A9<59?;J< B?K,9;T f;0)($(Z;&%B("/)*()/(,*)(2/,B0(B"/=C(Wh:*(2&"$,,.(+$7*(+.(-*);-" <$%B()/(+$&")*"$"%*(2-/+()#*(EH!!O(1-/'-$+($)(@&,,9(W($+

E+G </

*dE

U<YE

I, @JI XJ9I ?M+@I/h B?K,9;T ?/:*7( 2-/+( 43M)#( ?oJ( $)( g&,,/=( I-/:*( ELJC( AE( )/( 4M3 E?oJ($)(?%>/""*,,(EFTC(QJ($"7(=$0(1-/+/)*7()/(H)(>/,9

"/=( $00&'"*7( )/( )#*( kF,.&"'( O&'*-0l( $)( A/1*( EFT( $0( )#*( 6M7 ?$&")*"$"%*(JZ;$7-/"(R1*-$)&/"0(R22&%*-9(@/1*()/(0**(*:*-.S /"*(&"(p*'$0(2/-()#*("*i)(%/"2*-*"%*9

@JI j9< BK9@A9?, B?K,9;T E2)*-($(%/;1,*(/2(.*$-0($0()#*(H/'&0)&%0($"7(?$&")*"$"%*(I-/;1 >/++$"7*-($)(?//7.(EFTC(IEC(=*(#*$7*7("/-)#()/(+.($,+$ +$)*-C(?&%#&'$"(J)$)*(n"&:*-0&).9(Wh:*(=$&)*7(6_(.*$-0()/('*)(&" )#*(LRO>(<;0&"*00($"7(&)h0(<**"(=/-)#()#*(=$&)9(@$:&"'($('-*$) )&+*( b$,)#/;'#( $( <&)( %//,( ;1( #*-*c9( g*h-*( $,=$.0( ,//B&"'( 2/';*0)(01*$B*-0($"7(2/,B0()#$)(%$"(+*")/-($"7(1$00(/"()#*&-(*i1*S -&*"%*0()/(/;-(2;);-*(E&-(F/-%*(,*$7*-09(U/;(+$.('*)($(%$,,(2-/+ +*(=&)#($(-*Z;*0)] @/!, 5/)K5 !M+@JII9,,9 B?K,9;T E2)*-($(q:$%$)&/"h($)()#*(5Fgh0(g/,21$%BC(Wh+(#*$7&"'()/()#* _)#( E&-( ?/<&,&).( g&"'( $)( ?$%V&,,( EFTC( O$+1$9( E( +/<&,&). =&"'(=&,,(<*($("&%*(%#$"'*($2)*-(3D(.*$-0(/"(2&'#)*-0 @JI 5L/<9 /M+XJ<9; B?K,9;T !22*%)&:*( 66( f$"( YX( +/:*7( 2-/+( !i*%( )/( p>JEF( )/ >/++$"7*-C(33)#(g&"'9(!

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

NJ

PKUUE+

BMMN


LJGM4!MF4$J11MF%/$244JFM2!MJ8$<==N$1M828FM2L$/%6J/! OQQa+ B/;

/ ,9??K>K@ h9/? >J?

IJ/M B($(O-(&2(),(9$62E)2:2,%)/$2'-&"1('()/$2)$"D&$:2)%),2%#$;(%#/;K$(O-%)9M

(9$"D&$'('Y(&6;2-K$%)9$2)/&"9D,(9$%$)D'Y(&$":$2'-&"1(9$6(&12,(6$:"&$"D&$'('Y(&6A$B($(O-(,/$(1()$'"&($6D,,(66$2) TXXV$%)9$Y(8")9K$%)9$%&($="&C2)E$;%&9$/"$()6D&($.RP$&('%2)6$%$&(#(1%)/$%)9$(::(,/21($"&E%)2+%/2")$:"&$/;($#"E26/2,6 ,"''D)2/8A$

! ,0, / 7 / % , < + . < + " / # 0, $ + % ! >()(&%#$ND)9$L),"'(d$TXX_$2),"'($(O,((9(9$(O-()6(6$Y8$a]UXKcUVA^^K$%)$2),&(%6($":$)(%&#8$a]_TKXXX$,"'-%&(9$/" TXXTA$7;($#%&E(6/$-"&/2")$":$/;26$2),"'($,%'($:&"'$/;($;2E;#8$6D,,(66:D#$%))D%#$,"):(&(),($2)$RC#%;"'%$!2/8K$%)9$=%6 -&2'%&2#8$9D($/"$%)$2),&(%6($2)$Y""/;$6%#(6$%)9$,"&-"&%/($6-")6"&6;2-6A$*('Y(&6;2-$2),"'($9&"--(9$6#2E;/#8$2)$TXX_K %)$(O-(,/(9$&(6D#/$:&"'$"D&$9(,262")$/"$-&"129($'D#/2-#(M8(%&$926,"D)/$"-/2")6$:"&$'('Y(&6;2-$%)9$&(9D,(9$'('Y(&6;2,"6/6$:"&$/(,;)2,%#$/&%2)2)E$6/D9()/6A$P6$2)/()9(9K$"D&$/"/%#$'('Y(&6;2-$2),&(%6(9$62E)2:2,%)/#8$%)9K$=2/;$/;($,&(%/2") ":$%$\%/2")%#$*('Y(&6;2-$R::2,(&$-"62/2")K$=($(O-(,/$/"$6(($,")/2)D(9$'('Y(&6;2-$E&"=/;$2)$/;($:D/D&(A$0H$%91(&/26M 2)E$&(1()D($(O-(&2(),(9$%$TTw$2'-&"1('()/$2)$TXX_$%)9$2)/(&(6/$2),"'($%#6"$&(%#2+(9$%$'"9(6/$2),&(%6(A$7;($aqKbXX 2)$ ,")/&2YD/2")$ 2),"'($ &(:#(,/6$ 1(&8$ E()(&"D6$ E2:/6$ :&"'$ S(%&2)E$ Q"2)/$ %)9$ !P!L$ /"$ 6-")6"&$ /;($ .RP$ S%YY2//$ %)9 s(//#(&$P=%&96A$L)$%992/2")K$=($)"$#")E(&$,;%&E($a]X$:"&$%$,;%-/(&$6/%&/(&$C2/A$

& / % / # 0 * . 2 % 5 / 1 " / % ! / ! @ < .RP$6-()/$a_KTXX$2)$TXX_$/"$-&"129($1%&2"D6$%=%&96$-&(6()/(9$9D&2)E$/;($%))D%#$.RP !"):(&(),(A$P6$6/%/(9$%Y"1(K$'D,;$":$/;26$,"6/$=%6$"::6(/$Y8$,"&-"&%/($,")/&2YD/2")6$92&(,/#8$6D--"&/2)E$/;($S%YY2//$%)9 s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jD2-'()/$&()/%#$,"6/6$2)$TXX_$/"/%#(9$a_KTq]AqU$:"&$/="$#%-/"-$,"'-D/(&6 D6(9$/"$-&"9D,(p(92/$/;($0HA$7;26$,")/&%,/$=%6$%##"=(9$/"$(O-2&($%)9$=2##$)"/$Y($&()(=(9$%6$#(%62)E$":$/;($(jD2-'()/ 26$)"$#")E(&$)(,(66%&8A$0H$-&2)/2)Ep&(-&"9D,/2")$,"6/6K$%6$=(##$%6$-"6/%E($%)9$9(#21(&8$:((6K$&"6($2)$TXX_$YD/$Y"/;$2)$,"&M &(#%/2")$/"$"D&$2),&(%6(9$'('Y(&6;2-A$R/;(&$(O-()6(6$/"/%#(9$aTKXXX$:"&$,"'-D/(&$;%&9=%&($&(jD2&(9$/"$6D--"&/$.RP =(Y$9(1(#"-'()/$%)9$2)/(&)%#$%,,"D)/2)E$6(&12,(6A$Q&":(662")%#$:((6$/"/%#(9$acUX$:"&$.RPZ6$!(&/2:2(9$QDY#2,$P,,"D)/%)/ 6(&12,(6A$ ! - 6 + * 0 # ! 6 $ " . 2 % 5 5 + % 0 , $ + % ! @ < TXX_$6,;"#%&6;2-$,")/&2YD/2")6$2),&(%6(9$Y8$"1(&$aUKUXX$9D&2)E$TXX_A$P6$=($%)/2,M 2-%/($ &(,(212)E$ %$ 62'2#%&$ #(1(#$ ":$ ,")/&2YD/2")6$ 9D&2)E$ TXXV$ %)9$ 2)$ :D/D&($ 8(%&6K$ /;($ 0O(,D/21($ !"D),2#$ 26$ (O-#"&2)E "-/2")6$/"$2),&(%6($/;($)D'Y(&$%)9p"&$62+($":$6,;"#%&6;2-6$-&(6()/(9$2)$:D/D&($8(%&6A ! - 6 + * 0 # ! 6 $ " . 2 % 5 / 1 " / % ! / ! @ 7;($ .RP$ 5,;"#%&6;2-$ Q&"E&%'$ %=%&9(9$ :21(K$ aTKXXX$ 6,;"#%&6;2-6$ 9D&2)E$ TXX_A P992/2")%##8K$%$6'%##$%'"D)/$":$:D)92)E$=%6$D6(9$:"&$/&%1(#$(O-()6(6$:"&$6,;"#%&6;2-$&(,2-2()/6A$$ /"#$%#&'()"#)0"11"2%#-)+,-'... N\

!C/*E+aPD+C/)

BMMN

EbSED*C</O7 +E7EOPE

N\


! ,0, / 7 / % , < + . < 0%5<*$04$*$,$/!

0!!/,!

E+G BMMQ%[C/O/SCO7 +ED<+*

.RP$ ()9(9$ ?(,('Y(&$ _]K$ TXX_K$ =2/;$ %) "-(&%/2)E$%,,"D)/$Y%#%),($":$aTbUK_cXAXcA .RP$%#6"$'%2)/%2)(9$%$]TM'")/;$!?K$1%#M D(9$%/$a]]KTqcAXbK$2)$&(6(&1(A$P6$"D&$"-(&M %/2)E$ Y%#%),($ 2),&(%6(9$ 62E)2:2,%)/#8$ 2) TXX_K$ =($ %&($ )"=$ (O-#"&2)E$ 6%:($ 2)1(6/M '()/$ "--"&/D)2/2(6$ /;%/$ =2##$ 6/2##$ -&"129( /;($ #2jD292/8$ )(,(66%&8$ /"$ (::(,/21(#8$ "-(&M %/($"D&$"&E%)2+%/2")A$ L)$,#"62)EK$.RP$;%9$%$1(&8$:2)%),2%##8$6D,M ,(66:D#$8(%&$2)$TXX_$9D($/"$/;($"D/6/%)92)E 6D--"&/$":$"D&$,"&-"&%/($6-")6"&6K$/;($-;(M )"'()%#$6D,,(66$":$/;($,"):(&(),($%)9$/;( ,")/2)D(9$ E&"=/;$ ":$ "D&$ '('Y(&6;2-A$ P6 "D&$"&E%)2+%/2")$,")/2)D(6$/"$(O-%)9K$;"=M (1(&K$ :(=(&$ ,2/2(6$ =2/;$ .RP$ ,;%-/(&6$ -"6M 6(66$ /;($ "&E%)2,$ '%)-"=(&$ %)9$ :%,2#2/2(6 &(j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

/1P%+(R"I*-(L1,#"$3 >@)(B12*%-1$(T+"136+"+

N:

PKUUE+

BMMN

! ,0, / 7 / % ,

+.

+ " / # 0, $ + % !

&HCHFWX<.MCY C$9'2# S'$=#.#$9#%5$9'2# U#23#.8"5I8 E+%O;>#.0585$6 C$0#.#80%5$9'2# S"1I0#.%H508 S'$0.53(05'$8 <0"#.%5$9'2#

B'Z)BZ'(()

B'Z)BZ'(('

mNX\@AXB,\M% m%%JX@]:X,MM% m%%A:@:MJ,XM% m%%%%A@A\M,:B% m%%%%%%%%%%%%TTTT%%% m%%%%X@\MM,MM% %m%%%%%%%%%%%%TTTT%

mBJ]@XA:,XM% m%%\J@AJM,MM% m%%AX@NJJ,JJ% m%%%%%%]X],JJ% m%%%%%%%%BM,MM% m%%%%%%%%%%%%TTTT%%% m%%%%%%XN:,MM

,IEWX<$CGILH

[UP\9\BU>('<

[)]'9]Q'>\'

EFI#$8#8 OZ1.;8%1$;%.#9'6$505'$8 ?1$H%1$;%#T9'22#.9#%=##8 S'$=#.#$9#%#FI#$8#8 Ee(5I2#$0%.#$014 E+%I.5$05$6%1$;%.#I.';(905'$ C$0#.$#0%1$;%Z#3850#%=##8 <==59#%#FI#$8#8 <0"#.%#FI#$8#8 D'8016#%1$;%;#45>#.R D.'=#885'$14%=##8

m%%%%Q@BMM,MM% m%%%%J@X\M,\N% mB\B@N:M,BM% m%%%%Q@BXA,XJ% m%%]J@:Q:,AQ% m%%%%%%%%%%%%TTTT%%% m%%%%%%%%Q:,JQ% m%%%%B@MMM,MM% m%%%%B@XAM,::% m%%%%%%]JM,MM

m%%%%%%%%%%%%TTTT%%% m%%%%\@QQN,]Q% mBB]@]X:,\B% m%%%%Q@JA],NQ% m%%:Q@BMB,QB% m%%%%J@BNJ,XB% m%%%%%%BM],]]% m%%%%%%BXM,MM% m%%%%A@AMX,:N% m%%%%A@\JN,MM

,IEWX</^_HCNHN

[)\Q9\U(>BP<

[)))9]`B>QU<

%HE<#HNMXEN<JFIL<+_HFWEDICN

[B](9`]P>\\<

[<<'\9`\B>(Q<

!GaIXWFNaD_<.MCY P9"'41.8"5I%;'$105'$8 P9"'41.8"5I%I.'6.12%#FI#$8#8

m%%BA@BAM,MM% m%^AM@JJA,MM_

m%%AN@X\M,MM% m%^AM@MMM,MM_

/#0%89"'41.8"5I%.#8(408

m%%AM@XN],MM

m%%%%N@X\M,MM

%/,<$%-+7/

[BQB9UB)>\\<

[<<))9UUB>(Q<

! ,0, / 7 / % ,

+.

0!!/,! A<*$04$*$,$/!

$77897 S"#9H5$6%199'($08 S#.05=5910#8%'=%;#I'850

mB\J@Q]M,M]% m%%AA@BX],M\%

mAMX@AX\,BN% m%%AM@]\:,MN%

*'014%O88#08

mB:\@JN],AJ%

mAAJ@AQX,B:%

751354505#8

m%%%%%%%%%%%%TTTT

m%%%%%%%%%%%%TTTT

%/,<0!!/,!

['\Q9]P`>B]<

[BB]9B)U>'\<



IJ=K;,K@; J>>K@9? /;;J@K/,KJ< Q"6/$R::2,($S"O$TTUV P&#2)E/")K$IP$TTTXT P??H055$50HIL!0$H0h`0570?

'(')*+(,-. (+/0 1020%*(2.3/4%

!"#$ *4+5-. '(0%666


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.