*,+
-#.0/102,.
354760498;:#<;=9>@?BADCE=GF +HJI 6LKM=9?B<0KM?N/J<0OPQ? KD2;< HSRGHSTU+H IWV 2;=9<0/,8"XBYSYUZ
[]\_^a`0b cdbebJf"gihjcG\i\k`0lmcdn]oU[qp,\kcG[qrs;f"r,s;cdrLrLh5`0nQ\
t!su\_^a`pk`wvqfacdpk`0h5`0nk\kbsLt!px\k^"`xla`0y!pk`0`zt!s
{
[!bB\_`wp|t!sx}0~cd`0na~`
=9<F2;?6LKD2 H@HUR
H I
V%HS .;F=G< T 6LK=G?B<0K?
K
-#.0/102,. XBYUYS
6LEj!$6L%:j5%N6LEPW
#? K? &* ?BAXBYUYS
U !E¡ ¡D£¢ ¡¤;¥"¦!U9 §q¨JE©ª¬«M®@¨ ¯L¡
E¡D°@£¨±¤U²L³´¡¤®e§%@¨µ¶¡·¨J!®e°L«BEM¸S¯U¹°@@¨ E¨@³´¨ °S
¨ !¨ E@¡Dª¡«B®L D¸@§º¶£@¨ ²@%E@¡·°,¡DEª59 E »¨ ®¨B¼kE@¡«B²@E@¨J¥
-.0/&102,.
/SC£F?BA
HJI
6 KM=G?B< KM?
"!#$%&'( ') <*,+i=G< ?¹<0/ R9+ F=dKB/ R u=G< =G< TH I 5CC H KM=/JF= H < . R? C
-/.& 01 0123!4567#AB498@/ ? CW? RGT AD/J< O,?
V 2 /J=GA
AB498U=d/(: ?B=k-5/ <
6±?B<;=
H
A56@.
?BA>,= C H A
AB4<;=d/ <
T / <
T
6±. ?BA´>L=dC H A
AB4>= =R9R=/ -5/B>@?B<0C
>?LF´?BA<0/
R
>? /
=9<;?BA
@BA1A&!DCEGFH
= =9F´2 :·=O,?/ ;;R= KB/JF=H <0C H I K HS .;F?BADC/ <0O|/J.;F HU / F´? OxO /JFD/K HURGR? KMF=H <zF H@HSRC8 /SC´CE=G>@?
/ H . <,F C H I O /JFD/x20/B>@? * ??B< K H <,F=G<L. H . C RG+ K HSRGR? KMF´?µO/ <0OmC£F H A´? O]=9< O;/ FD/ * /UCE? CM8$:·2;=dKD2
KA´? / F´? C5/ <x=
=<;?B<LF·<;?B? O/ <0O
T
A? /JF HS;0H
A´F.;<;=9F´=G?µC I H A
=9<;=G<
T
=9<,F?BA´? CEF´=9<
T
< H : R
? O T ?
IA HU
O;/JF /,4 5C´C
H
KM=d/ F´=
H
<mA´.
R?
=9<;=G<
T
=dC
H
<;?
=9<0O HJI
O;/JF /
=G<;=9<
T
F´? KD2;<;= .;?µC:·2;=dKD2
OL=dC´K
H
>@?ADC·C£FA H < T
/UCC
H
KM=/JF=
H < H
A5K
H
A´A?
R
/ F´=
H
<uA?
R
/ F´=
H
<0CE2;=
C/
H < T
O;/JF /,4PW2;? O,=dCK
H
>@?BA´? O
A. R?µC / + 2;? RG / A ?BF * /UC ?BF H A¬KMA H C´C *C/ R? C¹/ <0/ R9+ CE=dCM8"O,?µKM=dCE=H < / =G< T 8k/J<0O * .0CE=G<;?µC´C
/J<0/ T ? ?<,F4
<F´2 =dC·F´2;? CE=dC8 :W? A HSwH C£? /J<0OzO,?B>@? RGHU /J<=9<,F?BA´? CEF´=9< T /SC´C H KM=d/ F´=H <A. R? =G< =G< T / *
A H /SK 2_8iKB/ RGR? O H <*R=9<;?/ <0/ R9+ F=dKB/ Ra =9<;=G< T¹HJI /SC´C H K=d/JF=H <A´. R? CM8:·2;=dKD2=G<LF´? T AD/ F´? C·F´2;?¬A´?(*
K?B<,F RG+
O,?B>@?
R9HU
? O& +k
H
<*
R
=G<;?j/J< / RG+
F´=KB/
R0
A H KM? CC£=G<
T
F? KD2;<
HUR9HUTS+
:·=GF´2 C HS
??K=G?B<LF
/SC´C H KM=d/ F´=H < =G<;=9< T· ?BF2 H O;CM4qF R? /UO;C"F H ?5?,=*;R?@8 . RF=* O,= ?B<0CE= H < / R 8 . RF´=* R?B>U? R /UCC H KM=*
/ F´=H <A´. R? =G<;=9< T :·=GF22 =T 2 ?BA I H A / <0KM?@4%6@?B>@?BA / R / RGTSH A´=9F´2 CW/JA?¬O,?B>@? R9HU ? O * /UCE? O H <
F2;=dCq/ ; A H /SK 2 I H A =9<;=G< T >S/ A´=H .0C =9<0O;C H I /SC´C H K=d/JF=H <0C!=G< . RF=* O,= ?B<0CE= H < / R O;/ FD/ * /UC£?µCM8
=9<0K R.0O,=G< T =G<LF´AD/*OL= ?B< C£=H <0/ R /UCC H KM=/JF´=H <k8k=9<,F?BA * O,= ?B<0C£=H <0/ R /UC´C H KM=d/ F´= H <k8i2 +L* A´=Ou/UCC H KM=*
/ F´=
H
<k8L/J< OK
H < C£F´A /J=9<,F C * *
/UCE? O/UCC
H
KM=/JF=
H
<_4WPW2;?µC£?/
R9TUH
A´=GF2
C!20/B>@?
*
?B?B<e=
R?
?B<@F´?µON=9<
F2;?53·u=9<;?BAC
+
C£F´?
4!#. AC£F´. O + C£2
H
:C·F´2 /JF·F´2 =dCW/
;
A H /UKD2
A´? CE?B<,F C T
A´? / F/UO,>S/J<LFD/
T
? C
H
>@?BA
/J<
+
?(?,= C£F=G<
T / RGTSH
A=GF´2
CW=G<F´?A
C HJIº*wH
F´2
?(?L=
* =R
=GF
+
/ <0O?K=G?B<0K + 4
5? + : H ADO;Cu +k H <* R=G< ?u/ <0/ R9+ F=dKB/ R· A H K? C´CE=G< T 8·O;/ FD/ =G< =G< T 8!/UCC H KM=/JF=H < A´. R?
=G<;=9< T 8LO;/ FD/ :·/JA?B2 H .0C£?@4
: H . R O R= ?F H F´20/ < e+ CE?B<;=H ACE. ?BA´>L=dC H AB8AB4 8U=/ : ?B=j-5/J<k8 IH A=G< C =9A´=G< Tx ?u=9<
O /JFD/:·/ A´?B2 H .0C£=9< T /J<0O O;/JF? =9<;=G< T 8 :·2;=dKD2m/JA?>@?A + =9<,F?BA´?µC£F´=9< T / <0O ?5?;KM=9F´=9< T 4 +
T
AD/ F´=GF.0O,?
TSH
? C5F
H
2;=
I H
A52;=C#=G<L>S/
R
.0/
*;R
?CE.
;0H
AF¹/ <0O
T . =dO;/ <0KM?F´2 A H . T 2
&+
A? C£?µ/JADKD2k8
OL?B>@?
RGHS;
?B<LFB80/ <0OF2;? :·A=GF=G<
THJIe+
F´2;?µC£=dC45/
RC H
F20/J<
e+
C£.
?BA>,= C H
A8!#A4";=d/ <
T
/ <
T
8@/ <0O¹?(?LF´?BA<0/
R
?(? /
=9<;?BA8B#A4>= = RGR
=d/
604±-5/B>@?B<0CM8 I H
A!A´?µ/UO,=9<
T5e+
F´2;?µC£=dC"/J< O T
=G>L=G<
T
TSH@H OC£. TST ? CEF´=H <0C4
: H . RO R= ?&F H F / ?F2;=dC HS;0H A´F.;<;=9F + F H ?(? A´? CC &+ F20/J< CF H :·/ ADO?>@?BA +@H <;?&=9<
F2;?<,F? RGR=T ?<,Fj/JFD/ * /UCE?+k/ *0H A /JF H A + HJI F2;?u6LKD2 H@HSR#H I¹V%HS .;F=G< T 6LK=G?B<0K?/ F6@=H <
;A /UC£?A%:#<;=9>@?BADCE=GF +#I H A%F2;?B=GAq=G<L>U/ R.0/ *;R?C£. TST ? CEF´=H <0C /J<0O2;? R9 =G<F´2 ? C£?F : H5+ ? / ADC H I CEF´.0O + 4
PW2 /J<
C¹/
RC HTUH
F H / RGR
F´2 ? H F´2;?BA
I
A´=9?B<0O;C#20/B>@?
/UOL?=G<|6@=
H
<z;AD/UCE?BA:<;=G>@?BA C£=9F +eIH A
/ =G< T¬ ?#2 /µ>@?¬/ <u?B< H + / *;R? ?BA H =O H I F´= ?@4
a=9<0/ R9RG+ 8q R9H >@?eF H F20/J< e+uI / =RG+ 8Q?µC ? KM=/ RGR9+&+ /JA´?<,F C&6@2 H < T 10=5102L.]/ <0O5=*
/ H =/ H +i?B=8 e+ C£=C£F?BAe H < T 102L.]/ <0O &+* A H F2;?BA +i=9< 102L. I H AF2;?B=GA K H <LF´=9<,. H .0C R9H >@?
/ <0Ox?B<0K H .;AD/ T =9< T 4AD/ F´=GF.0O,?/ R C HTUH F He+u* ? R9H >@? O 2L.0C * /J<0O8H=z?B< =9< T +i. H 8 IH A2;= C
CE.
;0H
AF´=9<
T
8".;<0O,?BA C£F /J<0O,=9<
T
/ <0O RGH
>@?@4 = =GF´2
H
.;FF´2 ? 8
e+
F´2 ? C£=C$K
H . R O < H
F20/B>@?
*
??B<
:·A=GFF´?B<k4
P He&+ / A´?B<LFDC4
* C£F´A /UKMF4¹44¬4$4¬44¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
5K < H : R? O T ? ?B<@Fj44¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
#?µO,=dKB/ F´=
H
<x44¬4$4¬44¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 Z
X <LF´A
H
O,.0KMF=
H < 44¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X I
XS4GX <*
R
=G< ?¹/ <0/
R9+
F=dKB/
Ri
A H KM? CC£=G<
T
44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X
XS4I 5CC H KM=/JF´=H <A´. R?O,=dCK H >@?BA + 4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X
XU4
I
49X = 20/ F#=C·/UC´C H KM=d/ F´=H <A´. R? 44¹44¹44¹44¬4$4¬44$4¬44¹4 X
XU4
I 4I
#A? / HJI / ;;R=dKB/ F´=H < 44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 XBZ
XS4
H F=G>S/JF=H <4¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X
XU4 49X !A
HS*;R
? X * R /SK
H I
/ T
?B<;?BA / R /UCC
H
KM=/JF=
H
<A´.
R
? C
=G<;=9<
T
/ R9TUH A´=GF2 4¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X
XU4
4I
!A HS*;R ? I
*k.0CE?BADC / +* ? H >@?BA :·2 ? RG ?µO *L+ F´2;?·<L. e* ?BA
HJI A´. R? CW=dO,?<,F=0? O4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 XB
XU4
4
!A HS*;R ?
*C£FA H < T /SC´C H KM=d/ F´=H <A´. R? Ck/JA?W< H Fa< ? KM? CC´/JA=R9+
=G<LF´?A´? CEF´=G<
T
4¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 XBY
XS4 PW2;? CE=dC H A T
/J< = / F´=
H < 4¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 XBY
I ·?
R
/JF´?µO = H A
4¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 I X
I 4GX 5/ FD/ :·/JA?B2 H .0C£=9< T /J< O +k]F? KD2;< HUR9HUTS+ 44¹44¬4$4¬44$4¬44¹4 I X
I
49XU49X 5/ FD/ :·/JA?B2 H .0C£=9< T / <0OuO /JFD/eKM. * ?4¹44¬4$4¬44$4¬44¹4
I X
I
49XU4
I
<* R=G< ?¹/ <0/ R9+ F=dKB/ Ri A H KM? CC£=G< T 4¹44¹44¬4$4¬44$4¬44¹4
I)I
I
49XU4
V%H < KM? F2;=G?AD/JA K 2 + 44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
I
I 4I
5CC H KM=/JF´=H <A´. R? C·O,=dCK H >@?BA + 4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
I
I 4I 49X /JA ?BF * /SC ?BF/ <0/ R9+ CE=dC444¹44¹44¹44¬4$4¬44$4¬44¹4 I
I I I I
I 4I 4
u. RF´=* O,= ?B<0CE= H < / R /UCC H KM=/JF´= H <A´. R? C =G< =G< T 44$4¬44¹4
I Z
I 4I 4
V%H < C£F´A /J=9<,F * * /SC£? O/SC´C H KM=d/ F´=H < =9<;=G< T 4¬4$4¬44$4¬44¹4
I
I 4I 4Z <,F?BA´?µC£F´=9<
T < ? C´C H I
/SC´C
H
K=d/JF=
H
<A´.
R
? C 44¬4$4¬44$4¬44¹4 I
I 4 V
.;AA´?B<LF
A H
E? KMFDC·/ <0OF2;?¬53·u=G< ?BA·C
+
CEF´?
4¹44¬4$4¬44$4¬44¹4 I
?B< ?BAD/ R A / ?5: H A 444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
I Y
4GX >@?BA´>L=G?5: 4¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
I Y
4I
5/ FD/ :·/JA?B2 H .0C£? 4¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
X
4 = H A =G< T O;/ FD/eKM. * ?¬/J<0O +k?B< T =G< ?44¹44¹44¬4$4¬44$4¬44¹4 )I
4 49X = H A =G< T O;/ FD/eKM. * ?m44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 )I
4 4I +k]?B< T =G<;?m4¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
4 5CC H KM=/JF´=H < =G<;=9< T ?B< T =G<;? 4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 Z
4 49X 3·/UCE=dKK H <0KM? F C 4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 Z
4 4I ;AD/
?(:
H A eHJI
/UCC
H
KM=/JF´=
H <
=9<;=G<
T
?B<
T
=G<;? 4¬44$4¬44¹4
4Z 5=C£.0/
R
=µ/JF´=
H
</J< O T AD/
2;=dK/
R
.0C£?BA·=9<,F?BA
I
/SKM?44¹44¬4$4¬44$4¬44¹4
+k>*3·/UCE? Ou5CC
H
KM=/JF=
H
<u=9<;=G<
T
4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 Y
4GX ?B<;?BA /JF=G<
T : H A
=G<
T
KM.
* ? 4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
4I
?B<;?BA /JF=G< TI A´? @.;?B<LFW=9F´? C£?BF CW44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
6I
4I
49X PW2;?¬ A=H A´="/ R9TUH A´=GF2 444¹44¹44¹44¬4$4¬44$4¬44¹4
6I
4I 4I
<,FAD/*O,= ?B<0CE=H <0/ R /UC´C H KM=d/ F´=H < =G<;=9< T 4¬4$4¬44$4¬44¹4
4I 4
<,F?BA * O,= ?B<0CE=H < / R /UCC H KM=/JF´=H < =G<;=9< T 4¬4$4¬44$4¬44¹4 Z
4I 4 - +L* A´=O/UCC H KM=/JF=H < =G<;=9< T 4¹44¹44¹44¬4$4¬44$4¬44¹4
4 ?B<;?BA /JF=G< T C£FA H < T /SC´C H K=d/JF=H <uA´. R? C IA HU I A? . ?B<,F =GF? C£?FDC 4¹4 Y
4
u=G< =G< T . RF=* R?B>S? R /SC´C H K=d/JF=H <uA´. R? Cm4¹44¹44¹44¬4$4¬44$4¬44¹4 @X
4Z <,F?BA´?µC£F´=9< T < ? C´C H I /SC´C H K=d/JF=H <A´. R? C 4¹44¹44¹44¬4$4¬44$4¬44¹4
Z V%H <0C£FAD/ =G<LF * * /UCE? O5C´C H KM=d/ F´=H <u=G<;=9< T 4¹444¹44¹44¹44¬4$4¬44$4¬44¹4
ZL4GX
A=
H
A´= 44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
ZL4I #<LF´=*
H
< H F H
<;?NK
H
<0CEF´A /J=G<LFDCx4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
ZL4 !A´?(*
A.;<0/
* R
?K
H
<0CEF´AD/ =G<LFDCm4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
ZL4
a?BA IH A /J<0K?/J<0/ RG+ C£=C 44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 Y
6 + CEF´? R? ?B<@FD/ F´=H <e4¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 YU
4I
5CC H KM=/JF´=H <A´. R? CW>,=C£.0/ R= /JF= H < 4¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X
V%H <0K R.0C£=H </ <0Ou;.;F.;A´? = H A 44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X
±4GX 6@.
/JA +HJI
A? C£? / ADKD2 44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X
±4I #=C´KM.0CC£=
H
</ <0O
I. F´.;A? : H A
4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 XSX
3W=*;R=HUT A / 2 + 4$4¬44¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 XSX
I
4GX PW2 ?¹/ ADKD2;=GF? KMF.;A´? H I%H < * R=G<;?/ <0/ R9+ F=dKB/ R /UCC H KM=/JF´= H < =G<;=9< T 4¬44$4¬44¹4 X
4I * /SC£? KM. * ? :·=GF´2F2;A´?B?¬O,= ?B<0CE= H <0CM8 RGH K/JF´=H <k8 A H O,.0KF5/ <0O A H 0F 44¹4
4GX PW2 ?$F2;A´??(*OL= ?B< C£=H <0/ R O;/JF /&K. * ? T ?B<;?BA /JF? O I A HU 6L +kW6 4¬44$4¬44¹4
6I
4I O;/ FD/eKM. * ? IH A =G< =G< T =G<LF´A / * O,= ?B<0C£=H <0/ R /SC´C H K=d/JF=H <uA´. R ? C 44$4¬44¹4
4 ?B< ?BAD/ F´=G< TIA? . ?B<,F =GF? C£?FDC>:·=GF2 =G<;= . CE. ;0H AF I 4w4¬44$4¬44¹4 Z,X
4 ?B< ?BAD/ F´=G< TIA? . ?B<,F =GF? C£?FDC>:·=GF2 =G<;= . CE. ;0H AFB8"XB 444$4¬44¹4 ZUZ
4Z ?B< ?BAD/ F´=G< TNIA? @.;?B<LF!=G<LF´?BA *»=9F´? C£?BF C :·=GF´2 H .;F A=H A´= A HU ?BAF + 8 =G< = .
CE. ;0H AF5=dC5X 4x44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 ZU
4
"?BA IH A / <0KM?K HS / A´=dC H < :·=9F´2C /JADCE?KM. * ?±44¹44¹44¹44¬4$4¬44$4¬44¹4
)I
4 "?BA IH A
/ <0KM?K HS
/ A´=dC
H < :·=9F´2O,?B< C£?¬KM.
*
?@4 4¹44¹44¹44¬4$4¬44$4¬44¹4 Z
4 PW2 ?$2 =G?BA /JADKD2 +I H
A¹O,=
?B<0CE=
H
<k404¹444¹44¹44¹44¬4$4¬44$4¬44¹4 I
4Y PW2 ?¹K.
* ? T
?<;?BAD/ F´? O I A
HU
A
HURGR
=G<
T .
4k44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 I
ZL4GX PW2 ? I A´? @.;?B<LF¹X *»=9F´? C£?BF=G<z>? / ;R?¬Z,4I 4 8QF2;?<L. &* ?BA·=9<? /UKD2 * A /UK ?BF
=CWF´2;? A=dKM?N/UC´C H KM=d/ F´? O:·=9F´2F´2 ? A H O,.0KF444¹44¹44¹44¬4$4¬44$4¬44¹4 UZ
ZL4I PW2 ? I
A? @.;?B<LF5X * =GF?
CE?BFW=9<u>? /
R
?ZL4 49X 44¹44¹44¹44¬4$4¬44$4¬44¹4 U
ZL4 PW2 ? I
A? @.;?B<LFW=GF?
CE?BFDC%=G<>?;/
;R
?jZ,4 4 444¹44¹44¹44¬4$4¬44$4¬44¹4 Y I
ZL4 PW2 ?
?A I H A
/J< KM?/ <0/
R9+
CE=dC/:·=9F´2zO,=i?A´?B<LF#F2;A´?µC£2 HSR
O H
<z
RGTUH
A´=9F´2
Z,4I 49X
/ <0Ou
A´=
H
A´= ¬44¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 YUZ
ZL4Z PW2 ? ?A I H A /J< KM?/ <0/ R9+ CE=dC/:·=9F´2zO,=i?A´?B<LF#F2;A´?µC£2 HSRO H <z RGTUH A´=9F´2 Z,4
49X
/ <0Ou A´=H A´= ¬44¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 Y
4GX j:5 / T ? IH A·>U/ A´=H .0C/UCC H KM=/JF´=H <A. R? C =G< =G< T 4¹44¹44¬4$4¬44$4¬44¹4 YUY
I
4
j:5 / T ? IH A·2 +L* A´=O/UC´C H KM=d/ F´=H <uA. R?µC =G<;=9< T 44¹44¹44¬4$4¬44$4¬44¹4 X X
4
u=9<;=G< T =G<F´2;? R?B>@? R0HJI ¹O,= ?B<0C£=H < 4¹44¬4$4¬44$4¬44¹4 X X
4Z u=9<;=G<
T
=G<F´2;?
R
?B>@?
R0H I
¹O,=
?B<0CE=
H < 44¹44¬4$4¬44$4¬44¹4 X X
4 <LF´?BA
I
/UKM?
I H
AjC
? KM=
I+
=9<
T K H
<0C£FAD/ =G<LFDC
H
<O,=
?B<0C£=
H
<0C 4¹44¬4$4¬44$4¬44¹4 X
4 <LF´?BA I /UKM? I H AjC ? KM=I+ =9< T K H <0C£FAD/ =G<LFDC H <O,= ?B<0C£=H <>S/ R .;? C 4$4¬44$4¬44¹4 X
4 <LF´?BA I /UKM? I H AjC ? KM=I+ =9< T K H <0C£FAD/ =G<LFDC H <O,= ?B<0C£=H <3#j· /J< Ou-5%5 4 X Z
4Y <LF´?BA I /UKM? I H AC ?µKM=I+ =G< T K H <0C£FAD/J=9<,F C H <mO,= ?B<0C£=H <|3#j· /J<0O -5%5
>S/ R .;? C 4¬4$4¬44¹44¹444¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 X
4GX P"/ * . R/ A#>L=dCE. R= /JF= H < HJI /SC´C H K=d/JF=H <uA´. R? C444¹44¹44¹44¬4$4¬44$4¬44¹4 X
4GXUX|3·/ RGRT AD/ 2;=KB/ R >,=C£. R= / F´=H < H I /SC´C H K=d/JF=H <A´. R? C 4¹44¹44¬4$4¬44$4¬44¹4 X
4GX I 3·/ A T A / 2;=KB/ R >L=dC£. R=µ/JF´=H < H I /SC´C H KM=d/ F´= H <A´. R? C 4¹44¹44¬4$4¬44$4¬44¹4 X
4GX PW2 ?¹K. * ?¹FD/ *;R? I H AKM. * ?=G<a=T .;A´? 4I 444¹44¹44¹44¬4$4¬44$4¬44¹4
4GX PW2 ?6 +kW6?(? / R?jO;/JF / :·=9F´2F´2;A?B?¬/JFF´A´=* .;F? C)44¹44¬4$4¬44$4¬44¹4
4I T ?B<;?BA / R=B? O&A? R / F´=H < I A HS 6L +kW6 :·=9F´2K H .;<,F/ F´FA´=* .;F´? Cx4¬44$4¬44¹4 X
4
PW2 ?$FAD/ <0C´/SKMF´=H <uF / *;R? T ?B<;?AD/JF? O I A HU 6 +kW6 4¹44¹44¬4$4¬44$4¬44¹4
4 RGR OL= ?B< C£=H <0C=9<F´2;?¬KM. * ? I H Aj>? ?BA= ?<,F 4GX 4¹44¹44¬4$4¬44$4¬44¹4 )I
4Z PW2 ?5CE=B? H I KB/J<0OL=dO;/ F´?=GF´? C£?BF C I H A%=G<LF´?BA *O,= ?B<0CE= H <0/ R /UCC H KM=/JF´=H < =G<;=9< T
/ RGTSH A´=9F´2 CM8 4¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
4 V . * ?µC =9< I H A /JF=H < =G<>? ?BA= ?B<LF 4I
4¹444¹44¹44¹44¬4$4¬44$4¬44¹4
4 PW2 ?5CE=B? H I KB/J<0OL=dO;/ F´?=GF´? C£?BF C I H A%=G<LF´?BA *O,= ?B<0CE= H <0/ R /UCC H KM=/JF´=H < =G<;=9< T
/
RGTSH
A´=9F´2
CM8 4¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
4 PW2 ?C£=B?
H I
KB/J< O,=dO;/ F´?=GF?
CE?BF IH
A·=G<LF´?BA *O,=
?B<0CE=
H
<0/
R
/UCC
H
KM=/JF=
H <
=G<;=9<
T
/
RGTSH
A´=9F´2
CM8 4¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
ZL4GX PW2 ? A´=dK? IH A·? /UKD2 A H OL.0KMF 44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4
ZL4I <,F=* H < H F H <;? V%H < C£F´A /J=9<,F V /JF? TUH A´=G?µCx4¹444¹44¹44¹44¬4$4¬44$4¬44¹4
ZL4 !A?(*
A´.;<;?
V%H
<0C£FAD/J=9<,F C 4¹44¹44¬4$4¬44¹444¹44¹44¹44¬4$4¬44$4¬44¹4 Y
= =9F´2F2;?:·= O,?e/ ; R =dK/JF´=H <0C HJI K HU . F´?BA C·/J<0Oz/J.;F HU / F´? OO /JFD/K HSRGR? KMF´=H <F H@HSRC8 /UC *
CE=G>@?/ H . <,F C HJI O;/JF / 20/B>@? * ?B?B< K H <,F=G<L. H .0C RG+ K HURGR? KMF? O =9< O;/JF / * /SC£? C8 :·2 =dKD2|KMA´?µ/JF´?µC
T
A´? / F5OL?
/J< O;C I H
Aj/J<0/
RG+
B=G<
T
CE.0K 2 O;/JF /&/ <0OuF´. A´<;=9<
T
F2;?
=9<,F H . C£?
I. R < H : R
?µO
T
?7X 4
PW2 ?BA´? IH A´?@8 5< H : R? O T ? #=dCK H >@?BA + /J<0O5/JF /u=9<;=G< T 5 2 /UC * ?µK HU ?¬/ <=0H AFD/ <,F
? RO=G<xA? KM?B<LF + ? / ADCF H /SO;O,A? C´C¹F2;?&< ?B? O I H A/J< / RG+ B=9< T O;/JF /K H <LFD/ =G<;? Oz=G<z>@?BA +R/JA T ?
O /JFD/ * /UCE? X
4
H < T O,=dCK H >@?BA´=9< T / < + =G< O;C HJI < H : R? O T ?¹=9< R/ A T ? O;/JF / * /SC£? C8
¹20/UC%/ F´F´A /UKMF? O T A´? / F /JF´F?B<LF´=H <¹=9<eO;/JF / * /SC£?A´? CE? /JA K 2 K HU .;<;=9F´=? C0=G<A´?µKM?B<LF + ? /JA C
I 8 8 I Z;8 8 8 I 8 Y;8 8 6I 8 8 X@8 X@8" 4 5C´C
H
KM=d/ F´=
H
<zA´.
R?
=9<;=G<
T =C$/
I H A HJI
O /JFD/
=G< =G<
T F H
O,=dCK
H
>@?BA%=G<LF´?BA? C£F=G<
T
A?
R
/ F´=
H
<0CE2;=
C%/
H
< T / F´F´A=
* . F´? C!=G< F´2
H
C£?jO;/JF /,4 PW2;?
OL=dC´K
H
>@?A´? OxA´.
R
? C
/ +
2;?
R9]
/ A
?BF=G<
T
8WOL? KM=dCE=
H < /
=9<
T 8 /J<0O
*
.0CE=G<;?µC´C
/ <0/
T ?
?B<LFB4
<?(?;/ ;R? HJI C£.0KD2/ A. R? = T 2LF * ?eF´20/ F
D4]6±=G<0KM? A´. R? C¹/ A´?C£=;R?±8Q?µ/UC + F H
. <0O,?BA C£FD/ <0Oi8L?(? R/J=9<k8@/ <0OKB/ FDKD2C HU ?=0H A´FD/ <,FqA´? R/JF´=H <0CE2;= CW/ H < T F´2 ?5O;/ FD/¹=9< R/JA T ?
O /JFD/ * /UCE? CM8F´2;?BA?¹=C < H : H < O,?BAF´20/ F =G< =G< T /SC´C H K=d/JF=H <A´. R? C I A HU R / A T ?O;/ FD/C£?BF C 2 /UC
* ?B?<u/ I H KM.0CE? OF HS =dK5=G<A? KM?B<LFWA? C£? / ADKD2=G<LF H O;/ FD/ =G<;=9< T 4
6@= =R/JAeF H|H F2;?BA =G<;=9< T FD/UC C8 =G< =G< T /SC´C H KM=d/ F´=H <A´. R? C=G<L> HUR>@? CeC£?B>@?BA / R5 / H A
=C´CE.;? CM8;=9<0K R.0O,=G< T ?K=G?B<0K + 8LC´KB/ R/ * =R=9F + 8@.0C´/ * =R=GF + 8;/ <0O. <0O,?BA C£FD/ <0O;/ * =R=GF + 4%<uA? / R : H A R O
/ ;;R=dKB/ F´=H <0CM8 O;/JF / =G<;=9< T F /UC C·/JA?¬/ ;;R=G? OF H O;/JF /&K H <0C£=C£F=G< TH I! =RGR=H < C H I F. ;R? CM8L=I
< H F
H
A´?@4 V%H
<0C£? .;?<,F RG+
8 H
.;A 0ADCEF¹K
H
<0KM?A´<u=C#F´2 ??K=G?B<0K
+
/J<0OzC´K/
R / * =R
=GF
+
/ F
=G< =G<
T
K HU;R?(?L=GF +#H I F2;?O;/JF /5=G<LF´?B<0CE=G>@? A H KM? C´C4%PW2,. C/ <? C´CE?B<LF´=d/ R A´?µC£? / ADKD2=dC´CE.;?C£. A´A H .;<0O,=9< T
/SC´C H KM=d/ F´=H <A´. R? =G<;=9< T =CaF H 0< O I /SC£F /J<0O? ? KMF=G>@?/UC´C H KM=d/ F´=H <eA´. R? =G<;=9< T / RGTSH A=GF´2 CM4
<zF´2;=C#F´2;?µC£=dC8 :W?
A HSwH
C£?/ <0OzO,?B>@?
R9HU
/J<z=G<LF´?A´? CEF´=G<
T
?BF2
H
Oi8kKB/
RGR
? O
8H:·2 =dKD2=9<,F?
T A /JF´?µC$F´2 ?A´? K?B<,F RG+
O,?B>@?
R9HU
? O +k
F? KD2;< HUR9HUTS+ :·=9F´2¬?K=G?B<LFk/SC´C H K=d/JF=H < =9<;=G< T· ?BF´2 H O;CM4"PW2;?O,?B>@? R9HU ? O ?BF´2 H O/SK 2;=9?B>@? C
?(?,=*;R?±8 . RF´=*O,= ?<0C£= H < / R 8 . RF´=* R?>U? R /UCC H KM=/JF=H <A. R? =G< =G< T :·=9F´2¹2 =T 2 ?BA I H A / <0KM?@4
PW2 ?O,?B>@? R9HU ? O ?BF2 H O A? C£?B<LFDC T A´? / Fe/UO,>S/J<LFD/ T ? C H >@?BA /J< + ?5?,=C£F´=9< T / RGTSH A´=9F´2 CN=9<
F?BA C HJIq*0H F2 ?(?L=* =R=9F + /J<0O?K=G?B<0K + 4
J B% ·%$ ! !
.;?&F H F2;?&=9<0KMA? /UCE=G< T = wH A´F /J<0KM? H I O;/JF /":/JA´?2 H .0CE=G< T 8 /J< + F´? KD2;<;= . ? C#20/B>@? * ??B<
OL?B>@? RGHS ? OF H /J<0/ RG+ B?O;/ FD/=G< R/JA T ?O;/ FD/ * /UCE? C ?KM=9?B<LF RG+ /J<0O? ? KF´=G>@? RG+ 4" H < T /J< +
/B>S/J=R / *;R?5F H@HURCM8
F´? KD2;<;= . ?#20/SC * ?B?< A H >@?B< F H
* ? H <;? HJI F´2 ? H C£F 0HU . R /JA·F H@HURC I H A H <* R=9<;?@8 I /UCEFB8 /J<0O&? i?µKMF´=9>@? . RF´=O,= ?B< C£=H <0/ R O;/ FD/
/ <0/ R9+ CE=dC X 4
+k=dC¬/uF´? KD2;< HSRGHSTU+ F´2 /JF.0CE? C¹/
>L=G?(: H I / TUT A´? T /JF? O|O;/JF /uF H
A H >,=O,? @.;=dK /UKBKM?µC´C!F H C£FAD/ F´? T =dK·=G< IH A / F´=H < IH A I .;AF´2;?BAº/J<0/ RG+ C£=dC4%F I /UKM=R=9FD/JF? C @.;?BA=G? C
H < R/ A T ?/ H .;<LFDC H I O;/JF / .0KD2 H A´? @.;=dK ,R9+ F´2 /J<F´A /UO,=9F´=H <0/ R A? R / F´=H <0/ R O;/JF / * /SC£?·F´?µK 2*
< =@.;? C 7XZ 4!:jC£=G<
T +kxF´? KD2;<;= . ? CM8@AD/(:mO;/ FD/
IA HU R
/JA
T
?O /JFD/
*
/UCE? C·=dC H A T
/J<;=B? O&=9<,F
H
. R
F´=
R? O,=
?B<0C£=
H
<0C8U/ <0O&? /SK 2eOL=
?B< C£=
H
<K
H
<,F /J=9<0C
. R
F´=
;R
? R
?>@?
RC HJI
/ *
CEF´AD/SKMF´=
H
<k4 PW2;= C
H A T /J<;= /JF= H < A H >L=dO,? C5.0CE?BADC :·=9F´2xF2;? ?(?,= * =R=GF + F H >L=G?(: O;/ FD/ I A HS O,= ?BA?B<LF ?BADC ?µK *
F=G>@? C4
]KB/J< * ?/SK 2;=9?B>@? OF´2;A H . T 2 / ; A H /SK 2;?µCC£.0KD2|/UC
/J<0O
k4 3·/UCE=dKB/ RGR9+ 8 +k =G<0K R.0O,? CF´2 A´?B? C£FD/ T ? C´X C£? R? KMF=G< T
O /JFD/
I A HS
O;/ FD/:/JA´?2
H
.0CE? CM8 I
!*
.;=
R
O,=9<
T
F´2;?NO;/JF /¹KM.
*
?@8 /J<0O qH
<*
R
=9<;?j/J<0/
RG+
C£=dC%.0C£=9<
T
F2;?jKM.
*
?@4!
H
A´?B>@?AB8
/ <
+
O;/JF /¹KM.
*
?jK HS
.;F /JF´=
H
<e/
RGTUH
A´=9F´2
C!?(?L=dCEF!F H¬
/JF?BA´= / R
=B? O;/ FD/
K. * ? C&? KM=G?<,F RG+ X 8 8jX
8/ <0O /J< + +k / R9TUH A´=GF2 ?5?,=C£FF Hx /J< = . R/JF?O;/ FD/
K. * ? CM8%CE.0K 2 /UC$A HUR9R* . 8%O,A=RGR*O H :·<_8!C R=dKM? /J< OOL=dKM?@8 =9> H F8a?BF KU4<xF´2 =dC$F2;? CE=dCM8&:W? :·=RGR
F / ?e/SO,>S/J<LFD/ T ? HJI F2;? CE? :·=O,? RG+ .0C£?µO F? K 2 <;=@.;? C5/ <0OxK HS&* =G<;?¬F´2;? :·=GF2|/UCC H KM=/JF´=H <
) q "B& W(B !&%
! "#
jC<:W? ?B<,F=H <;? O/ *wH >@?@8 =G<;=9< T /SC´C H K=d/JF=H <A´. R? C = CWF H 0<0Ou=9<,F?BA´? CEF´=9< T /SC´C H K=d/JF=H < H A
K H A´A? R / F´=H <A´? R /JF=H <0C£2;= C5/ H < T / R / A T ?eCE?BF HJI O;/ FD/,8k= 4?@498wF H =dO,?<,F=I + C£?BF C HJI
A? O,=dK/JF´? H A¬=GF? F´20/ F I A´? .;?<,F RG+uH KKM.;AF HST ?BF2;?BAB8%/ <0OF2;?B< I H A . R/JF´?A. R?µC
F20/JFKD20/ AD/UKF´?BA=B?5F2;? CE?$A? R/ F´=H <0CE2;= C4% I H A / R OL? 0<;=9F´=H <=dC T =9>@?B< * ? R9H :4
%$>0& !0&(')& #< '('(!*6 !0 ,+1 &=C·/¹A´.
R
?$=9<F´2;?
IH A HJI
-/.102-4310656575602-98 : ;4.602;/360656575102;<
XU49X
:·2 ?BA´?j9=0/ <0O3?> / A´?
A´? OL=dKB/ F´? C
H
A%=9F´?
C4!6@.0KD2&A.
R
? C%/ A´?.0C£.0/
RGR9+
=G<LF´?BA
A´?BF? O¹/SCA@CB
-/.EDF-/31D
D4-98
D
;/.1DF;/31D
D;9<
HG
JIL4 = 2 /JF5?(? /UKF RG+ K H <0CEF´=9F´.;F? C#/ <u=9F´? H A/F´AD/ <0C´/SKMF´=H <
OL? ?B<0O;C H <uF´2 ?¹/ ;;R=dKB/ F´=H <k4
-#?A´?>: ? T
=G>@? C HS
?%/SC´C
H
K=d/JF=
H
<A´.
R
? C :·=GF2¹OL=?BA´?<,F"K
H
<0KM?
FDC HJI
=GF´?
/ <0O$FAD/J< C´/UKF´=
H
<k4
-$.&A1 K&('MLN'O& PW2;? I HUR9RGH :·=G< T =dCk/WA. R? I A HU F´AD/ <0C´/SKMF´=H < O;/JF / * /SC£? H I /J<¬ R9R R?µKMF´A H <;=KBC
*
AD/J< K 2k4
PQSR,T%U(V2WOX 0 @2Y ;[Z \ R,]_^`V1R,][aUW2^7Q,I b: PQ,R,T%U(VEW)X 0 @dcR,eNfhgdi,jaQ,kle(WE^7Q,I XU4I
:·2 ?BA´?X =dC·/>S/JA=d/ * R?A´? A´? CE?B<,F=G< T /FAD/ <0C´/SKMF´=H <k4
<F´2 =dC5KB/SC£?@8kF2;?=GF? C/JA´?F2;?F´2 =G< T CNF20/JFF2;?eKM.0CEF HU ?BA * . + C8"/J<0Oz/F´AD/ <0C´/SKMF´=H <
=CF2;?CE?BF HJI / R9R =GF´? C .;A K 20/SC£? O|F HST ?BF2;?BAB4 PW2;?uA. R? C´/ + CF20/JFF2;?K.0C£F HU ?BA C:·2 H
.;ADKD20/UCE?E3· 2 HS ?K HS .;F?BADC%/ RC H F?B<0O&F H¹* . + 6 H < +e*nm : A=G<LF´?BA C/ F·F´2;?jC´/ ?F´= ?@4
o
T ?@805KKM. / F´=H <k80/J< O !A H O,. KMFB4
- ^ OX 0 @ Y I 20 VdV1U%a W klR,e OX 0 @6W U!T ^7e(WI : PQSR,T%U(V2WOX 0 @ Sa WR2aI XU4
PW2 ?¹=GF? C%2;?BA´? /JA?¹F´2 ?O,=C£F´=9<0KMFj/JFF´A´=* .;F?¹>S/ R.;? C I A HU F2;A´?B? O,= ?B<0C£=H <0C8;/ <0O/&F´A /J<0C *
/SKMF´=
H
<z=dC
H
<;?eF´.
;R
?&=9<F´2;? O;/ FD/":/JA?B2
H . C£?@4ePW2;?eA´.
R
?eC´/
+
CNF20/JFF2;?K.0C£F HU
C/:·2
H
/JA?
CEF´.0OL?B<,F C *
?BF :W?B?B< F´2;?¬/
T ? H I
/J<0O Y :·=
R9RiH
C£F
0H
C´C£=
*;RG+*
.
+R
/ F HS
CM4
# /"
RF´2 H . T 2e/UC´C H KM=d/ F´=H <A. R? C =G<;=9< TH A´=T =9<0/JF? O:·=GF2&F2;? A HS*;R ? HJI / A ?BF * /SC ?BF%/ <0/ R*
+ C£=CM8;=9FKB/J< / RC H&* ? / ;;R=G? OF H& / < +eH F2;?BA A HS*;R? O HU /J=G< CW=G<0K R.0O,=9< T¹* . C£=G< ? C´C8w?B< T =*
< ?B?BA´=9<
T 8
? OL=dKM=9<;?@8/J<0O <0/J<0K? 7X 4!
H
A?
H
>@?BAB8 /SC H < ?
HJI
F´2;?
*
/UCE=dCaF /UC C
H I
O;/JF /
=9<;=G<
T 8
/SC´C
H
KM=d/ F´=
H
<uA.
R
? CW2 /µ>@?
*
??B<.0C£? OF
H
/SK 2;=9?B>@?F´2;?
TUH
/
R"HJIqH
F2;?BAO;/ FD/
=G<;=9<
T F /UC
C80C£.0KD2
/SC
H
O,?
R
=9<
T¹H I
O /JFD/L8
A´? O,=KMF´=
H <
H I!I
.;F.;A´?
H . FDK HS
? CM8 /J<0OCE.
;0H
AF HJI
O,? KM= C£=
H
<k4
/JA ?F * /SC ?BF/ <0/ R9+ CE=dCM4
:#<0O,?BA C£F /J<0O,=9<
T
KM. C£F HS
?BA C
* . +
=G<
T
20/
*
=GFDC%/ <0O
A´?
I
?BA´?B< KM? Ck=dCa? CC£?B<LF´=/ R@IH
A!A?BFD/ =
R
?BADC
F H¹ / ?·OL? KM=dCE=H <0C!=G<0K R.0O,=9< T :·20/JF F H¹ .;F H <C´/ R?@8@2 H : F H O,? CE= T < K H . 0H <0CM8L2 H : F H
;R/SKM? ?ADKD20/J<0OL=dC£? H <zC£2 ? R>@? CW=9< H ADO,?BAjF H /?,= =B?F´2;? A H 0FB8i?FDKU45CC H KM=/JF´=H <
A´. R? C =9<;=G< T K/J< A H >L=dO,? C£.0KD2=G< IH A / F´=H <k4¬#<? ? KMF=G>@? =9<;=G< T / ;R=KB/JF= H <=9<
F´2;?A´?BF /J= R ?<,>L=GA H < ?<,F"=dC /JA ?BF * /SC ?BF/J<0/ RG+ C£=dC H AC£2 HS; =G< T* /UC ?BF /J<0/ RG+ C£=dC4%F
/J<0/ RG+ B? C·F´2;? /JF´FA´=* .;F´?µC H I KM.0CEF HU ?BADC0C£2 HS; =G< T* /UC ?BF I A HU R?µKMF´A H <;=K H =G<LF HJI
6L/ R?WO /JFD//J< O¹/ ;R=9? CiF´2;? 0< O,=G< T CQF H#R/J.;< K 25? i?µKMF´=9>@? A HSH F=H <0Ck/J<0O¬/UO,>@?A´F´=C£=9< T 4
H A%?(?;/ ;R?@8U/ RGR A´. R? C!F´2 /JFW2 /µ>@? @D=G?BF V%H ? I$/SCWK H <0C£? .;?<,F / + 2 ? RGe;R/ < :·2 /JF
F´2;?¬C£F H A?¹CE2 H . ROuO H F H*wH@H C£F5F2;?¬C´/ R? C HJI #=G?F V%H ?@4
V A H CC * C´/ R?
< F´2;? A´? CE?B<,F C£F´A H < T K HS ?BF´=9F´=9>@??B<L>,=9A H < ?B<LF:·=GF2;=G< F´2;?zCE?BA´>L=dK?u=G< O,.0C£FA´=9? CM8
A´?BF /J=G< =G< T K.0C£F HU ?BA C5/J< O / =9< Te* ?F´F´?A5.0C£? HJI F´2;?eK.0C£F HU ?BA * /SC£?e20/B>@? * ?µK HU ?
/UC5=0H A´FD/ <,Fj/UC8k=I < H F H A?¹= wH A´F /J<LF5F´20/ <k8k/ F´F´A /UKMF=G< T <;?5: K.0C£F HU ?BA CM4 H C£F
K HU /J<;=9? C5/JA?=G<L> HUR>@? Ou=G< A H >L=dOL=G< TH A´?eF´20/ < H <;? C£?BA>,=KM? H A A H O,. KMFB46±=G<0KM?
F´2;? 8wF /JA T ?BF´=9< T F2 H CE?K.0C£F HU ?BA C/:·=GF2 A H OL.0KMFDCF´20/ F¹F2;? + O H < H F/ RA? /UO + 2 /µ>@?
=dCC£?B?B< /UC5/ :·/ +HJI A? / =9< T @.;=dK e A H 0FDC4/*6!'(' '5 G'$=C F2;?¹F?BA T =G>@?B<F H F´2;=C
A HS*;R
? H I /JFF´?
F´=9<
T F H
C£?
RGR
/ A H OL.0KMFF
H
?(?L=dCEF´=G<
T
KM. C£F HS
?BA C H I
F2;?eK HS
/J<
+
:·2
H
/JA´?<
H
F/
R
A´?µ/UO
+
KM.0C£F HU
?ADC HJI
F´20/ F
/JAF´=dK.
R
/ A
A H
OL.0KMFB4¬-
H
:W?>@?BAB80KM. C£F HS
?BA
O;/JF / * /SC£? C%/JA?·>@?BA +R/JA T ?W=9< R/JA T ? H A T / <;=µ/JF´=H <0C%/ <0O /J<L.0/ RGRG+ C£=I F=G< T F´2;A H . T 2&=9Fa= C
O,= KM. RFB4"PW2,. C/ .;F HS /JF=dK/UCC H KM=/JF´= H <A. R?µCOL=dC´K H >@?A + F´? KD2;<;= . ? C!KB/ <&=9<0K H A 0H AD/ F´?
O HU / =G<?(? ?BAF´=C£?¬/J<0OOL=dC´K H >@?A#.0CE? I . R < H : R? O T ? I H AjF´2;? O HU / =G<?(? ?BAF#F H 2;? R9
C HUR>@?KMA H C´C *C/ R? C A HU* R? C4
!/JAF´=d/
R K R
/SC´CE=KB/ F´=
H <
/J< + A´? / R* R=I? A HU*;R? C!A´? @.;=9A´?j/ / A´F´=/ R K R/SC´C£=KB/ F´=H < HJI F´2 ?5O;/ FD/L8;=4?±4G8@O,?µC´KMA=* ?
F´2;?eO,=C´K H >@?BA +HJIH O,? RC F20/JF¬CE2 H : KD20/JA /UKMF?BA´= C£F´=KBC HJI F´2;?eO /JFD/K R /SC´CE? CM8 * .;F / +
< H F K H
>@?BA%/
RGR
K R
/UCC£? C%/ <0O&/
RGR
?(? /
R
? C HJI
/J<
+T
=G>@?<eK
R
/SC´CM4 V%H
<L>@?B<LF´=
H
<0/
R K R
/SC´C£=0?BA C
: H . R O * ?j=G<;? ? KF´=G>@? :·2;?B<eF´2;?A´?j/JA´?N/N>@?A +R / A T ?#<L. e* ?A HJI /JF´FA´=* .;F´?µCM8L/J<0O H CEF
HJI F2;?>S/ R.;? C HJI ? /UKD2x/ F´FA´=* .;F´?e/ A´? =dCC£=G< T 4PW2;= C A HS*;R? KB/J< * ?C HUR>@? Ou.0C£=9< T
/UC´C H KM=d/ F´= H </ <0/ R9+ CE=dC4W#< ? HJI F2;?5?(? / ;R? C!= CF´2 ?¹O /JFD/eK H <0C£=C£F´?µO HJIq ? O,=KB/ R F? C£F C
T =G>@?<F Hx / F´=G?<,F CM4m5C.0C£.0/ R 8·F´2 ?BA´? /JA´?2,. <0O,A´?µO;C HJIN ? O,=KB/ R F´? CEFDC * . F H < RG+ /
I
?(:
HJI
F´2;?
/ A´?
T
=G>@?B<F
H
/J<
+
CE=G<
TSR
?
/JF´=9?B<LFB4O
H
KMF
H A C$K/J<z.0C£?A.
R
? C/J< O
H
OL?
RC
O,=dCK
H
>@?BA´? O
*L+
/UCC
H
KM=/JF=
H
</ <0/
R9+
CE=dC!F
H
C£?B?$:·2;?BF2;?BA·/ <
+H I
F´2;?
? OL=dKB/
R
F´? CEF%A´? CE.
RF C
K H . RO * ?
A? O,= KMF´? O
*L+
K
HUe*
=G<0/ F´=
H
<0C HJI_H
F´2 ?BA%F´? CEF!A´? CE.
RF CM4q
I
C£.0KD2F´?µC£FDC%/ A´?
IH
.;<0O8
F´2;? + KB/J< * ?W. C£? OF H /µ> H =dO T =G>L=G< T# / F´=9?B<,F CQA? O,.;< O;/J<LFaF? C£F CM8 H A%K HU;R?(?F´? CEFDC"K H . R O
* ?A? ;R /SKM? O :·=GF2C£= ;R?F´? CEFDC4
a=G<0/ <0KM= / R CE?BA´>L=dK? C
5C´C H KM=d/ F´=H <uA. R? C =G<;=9< T =C .0CE? O?5?,F?B<0C£=9>@? RG+*L+ 0< /J<0KM=/ R CE?BA´>L=dKM?=9<0O,.0CEF´A´=9? CM4·6@?(*
KM.;A´=9F + /J< / RG+ C£F CW/ A´?5.0CE=G< T F´2;=C!F H / <0/ R9+ ? /SC´CE=G>@? 0<0/ <0KM=/ R O;/JF /¹=G< H A O,?BA%F H¬* .;=R O
F´AD/SO,=G< T / <0O A=dC H O,? RC I H AO,?>@? RGHS =G< T =G<L>@? C£F ?B<LFC£FAD/ F´? T =G? C4 <L. &* ?BA HJI
K HU /J<;=9? C¹=G< F´2;? 0<0/J< KM=d/ R CE? KMF H A&2 /µ>@? * ?B?B<]F? C£F=G< T F´2 =dCF´? KD2;<;= .;?F20/JF2 /µ>@?
A H
O,. KM? O
0H
C£=GF=G>@?A´?µC£.
R
FDCM4 PW2;? CE?
A H
O,. KMFDC
/ +e*
?.;F´=
R
=? O&=G<KM. A´A´?<0K
+
FAD/UOL=G<
T 8
O;/JF /$F´=O +
=G<
T
8,K
R
/J=
C A H
KM? CC£=G<
T
8;/ .;F HS
/JF? O.;<0O,?BA :·A´=9F´=G<
T
8LC£F H K
C£?
R
? KMF=
H
<_8@KMA´?µO,=GF
¹%6¬$%&
R F´2
H . T
2/UCC
H
KM=/JF=
H
<A.
R
?%F? K 2 <
HUR9HUTU+
20/SCaA´?µ/UKD2;? O/
R
?B>@?
RSHJI0
/ F´.;A=GF
+
:·2;?BA´?/UCC
H
KM=/JF´=
H <
A.
R
?·F? KD2;<;=@.;? C"/JA?·=G<0K
R
.0O,?µO¹=G<eK HS
?BA KM=9/
R@
=9<;=G<
T
A H
O,.0KMF CM8@F´2;=C%/JA´?µ/$/
R C H
A?
/ =G<0C"/J<
/ A´? / HJI
/SKMF´=9>@?!A´? CE? /JA K 2_4º6 HU
? C£?A´=
H
.0C R=
=GFD/ F´=
H <
H I
KM.;AA´?B<LF"/UCC
H
KM=/JF´=
H
<eA´.
R
? Ck/J< OC£?B>@?BA / R
A? R/ F´? O|=dCC£.;? C H F´=G>S/ F´?K H <LF´=G<L.;? O|CEF´.0O,=9? C&=9<,F H < H : R? O T ? * /UC£?µO H <* R=9<;?z/UCC H KM=/JF´=H <
/ <0/ R9+ CE=dC4
/"# " ## " ! "#
" l!
jC´C H K=d/JF=H <¹A´. R? CkKB/ < * ?K R/SC´CE=0? O5=9<,F H C£?B>@?BA / R KB/ F´? TSH A=G? Ck/SKBK H A O,=G< T F H O,=?BA´?B<LFkKA´=GF?BA´= /,4
H
A·=G<0CEFD/J< KM?@8
3·/UC£?µO
H
<F´2 ?·O,=
?B<0CE=
H < C H I
O /JFD/5=9<,>
HSR
>@? O#=9<F´2;? A´.
R
?@8 F´2;?BA?/JA?·F : H
K/UC£?µC!CE=G<
TSR
?(*
O,=
?<0C£=
H
<0/
R
/ <0O
. R
F´=* O,=
?B< C£=
H
<0/
R
A´.
R
? CM4
3·/UC£?µO H <|F´2 ? R?B>@? R C H I / * C£FAD/UKF´=H <0C¹=G<L> HUR>@? Ou=G<F´2;?A. R?±8aF´2 ?BA´?/ A´?CE=G< TSR?(* R?>@? R
/J<0O . RF´=* R?B>U? R A´. R? C4
RF´2 H . T 2>U/ A´=H .0C¬/ RGTSH A=GF´2 C/JA´? A HSwH C£? O I H AOL=?BA´?<,F¬KB/SC£? C8aF´2 ?BA´?e=dC< H CE.0K 2/
T ?B<;?BA / R·H <;?:·2;=dKD2x=dC/ ;;R=dKB/ *;R? I H Ae/ RGR CE=GF´. /JF´=H <0C4|%C ? KM=/ RGR9+ I H A . RF´=* O,= ?<0C£=H <0/ R
A.
R
?µC
=9<;=G<
T
8"/
RGR
KM.;AA´?B<LF¹A? C£? / ADKD2=CK
H < 0<;? O=9<,F
H
/CE=
;R
?eKB/UCE? . R F´=* O,=
?<0C£=
H
<0/
R
/SC´C H KM=d/ F´=H <:·=9F´2< H A´? ?BF=GF´=9>@? A´? O,=KB/JF? CM8 C£.0KD2/UC
k)W f )X 0 @ eNV1R,UC^7Q,I 20 R WOX 0 @ X I b: PQ,RST%U(V2W)X 0 @1cNaR,Q6W ; I XU4
- H : ?B>@?BAB8S=GF%=dC!>@?BA + <0/JF.;AD/ R F H /UC =I :W?jKB/ <O,=dCK H >@?BA . RF=* O,= ?B<0CE=H <0/ R /UCC H KM=/JF´=H <
A. R?µC<:·=GF´2A´? ?BF=GF=G>@? A´? OL=dKB/ F´? C8;F´2;=C =C·/KB/UCE? :·2;=dKD220/UCE< F/ F´FAD/UKF´? O .0K 2 /JF´F?B<LF´=H <
+
?FB4!
H
A·=G<0CEFD/J< KM?@8
k)W f OX 0 @ enVdR,UC^7Q,I 0 PQSR,T%U(V2WOX 0 @/^6e(W SI b: PQ,R,T%U!V2W)X 0 @1cNaRSQ6W ; I XU4Z
+&*6!07 + !70 x< F2;=dCeF´2;? CE=dC8/:W? A HU0H C£?|/ H A? T ?<;?BAD/ R / RGTSH A=GF´2 * /SC£? O
H <F´2;?eK.;A´A?B<,Fj/ R9TUH A´=GF2 C45PW2;=C5/ R9TUH A=GF2 =C#/K HUe* =G<0/ F´=H < H I F´2;? A´=H A/ RGTSH A´=9F´2
. C£? O IH AWCE=G< TSR?(* O,= ?B<0CE=H < / R A´. R? C =9<;=G< T /J< OF2;?KM. * ?(* * /UCE? Oe/ RGTSH A=GF´2 .0C£? O IH A . RF´=*
OL=
?B< C£=
H
<0/
R
A´.
R
? C
=9<;=G<
T
4W>?
?BA´=
?B<LFDC%C£2
H : F´2 /JFF´2;=C#/
RGTUH
A´=9F´2
A? C HSR
>@? CWF2;?
R=
=9FD/*
F=
H < : ?5O,=C´KM. C´C£?µO&/
*wH
>@?>@?BA
+
? KM=9?B<,F RG+
:·=GF2 H . F
R9H
CE=G<
T
/J<
+
C´K/
R / * =R
=GF
+
/ <0OeC
?B? O :·2 ?B<
/ ;;R=G? OF H F2 H CE? A?B>L=H . C·KB/UCE? CM4
/"# # # # # " # !# #
! "# /#`#
6±. ;0H AFW/ <0OK H < O,?B< KM?·F´2;A? C£2 HURO C!KB/J< * ?·.0CE? O¹F HR= =9FiF´2 ?W<L. &* ?BA HJI A. R? C T ?<;?BAD/ F´? O8
*
.;F#F2;?BA?¹=dC/
R
:·/
+ C F2;?O;/ <
T
?A5F´20/ F5A´.
R
? C HJI T
?<,.;=9<;?=G<LF´?BA? C£F·F
H
F´2 ?¹.0CE?BA
/ + * ? R9H
CEF
=I F´2 ?uF´2 A´? CE2 HURO;C/JA?zC£?BFeF H@H|R9H :4 PW2;=dCe=dCF´2;? H F´=9>U/ F´=H < I H A/ RGR9H :·=9< T F´2;?.0CE?BAeF H
C ? KM=I+ F2;?O,?µC£=GA? O IH A /J< O /JAF´=/ R K H <LF´?B<LFDC HJI F´2 ?&A. R? CA´?BF.;A´< ? Oi8a= 4?@498kK H <0C£FAD/J=9<,F *
* /UC£?µO =9<;=G< T I
4¹ H A´?eC ?µKM=K/ RGR9+ 80F´2;?.0CE?BADC/ A´?e/ R9RGH :W?µOuF H A H >L=dO,?¬2 +L0H F2;? C£?µCN=9<
F2;? I H A HJI K H <0CEF´AD/ =G<LFDC8 H A /JFF´?BA<F? ;R/JF? CM4qPW2;?C + CEF´? / F´F? F CF H K H < 0A F´2;? CE?
2
+LwH
F´2;?µC£? C
*L+
C£?µ/JADKD2;=9<
T¹I H
AA´.
R
? CH:·2 =dKD2uC/JF=dC I+
F´2;?
T
=9>@?B<K
H < C£F´A /J=9<,F CM4
-$.&A1 K&(''O& #<?(? /
R? HJI
C£.0KD2/&K
H
<0C£FAD/ =G<LF·=dC
\ ^kOWE^7] PQ,R,T%U(VEW1@ `^7e(W ,I ] U 6Wgd^k eKW \ ^ R W \ ^Q,U )^ XU4
PW2 ?B<k8;F´2 ? IHSRGR9H :·=9< T =dC·/¹A. R?¬C/JF´=C 0?µC F2;?¬/ *0H >@?¹K H <0CEF´AD/ =G<LFB8
R 6W)X 0 @X
I I 20 R,V W klR,e OX 0 @ ; ^ k U!] I b: PQ,R,T%U(VEW)X 0 @ `^7e!W ,I XU4
o
V .;AA´?B<LF R9+ 80F´2;? ?F´2 H O I H AK H < C£F´A /J=9<,F * * /SC£? O =9<;=G< T =dCF H /SO;O H <;? H A´?CEF´? 8iA´. R?
R F´?A´=G<
T
8/
I
F?BA
=9<;=G<
T
4
*
>,=
H
.0C RG+
8W=9F=dC
I
/JA I A
HS
? KM=G?<,F?B<
H . T
2k8#? C
? KM=d/
RGR9+
:·2 ?B<
/ ;;R=G? OF H />@?BA +&R/JA T ?¬O;/JF / * /SC£?@4
+& *6!07 + !0 %<uF´2 =dCWF´2 ? C£=CM8:W? A HS0H C£?e/eKM. * ?(** /SC£? O/ ; A H /UKD2uF H C RGH >@?F´2;= C
A HU* R? 4=?FA + F H . C£2 H A´? K H <0CEF´A /J=G<LFDC=G<LF H F2;? A H K? O,.;A? HJI /UC´C H KM=d/ F´=H <]A. R?µC
=G<;=9< T 8L/J< OF´2L.0C / ?#=9F H A?5? KM=G?<,F *L+ A´? OL.0KM=G< T F´2;?A´. R?CE? /JA K 2C /UKM?@4
# #
<C HU ?NKB/UCE? CM8 /UC´C H KM=d/ F´=H </ <0/ R9+ CE=dCW=9FDC£? R7I = CW< H FCE. KM=G?B<LF%F H 0< O =9<,F?BA´?µC£F´=9< T A´. R? CM4% H A
?5?;/ ;R?±8
-$.&A1 K&('' L V%H
< C£=dOL?BAF´2;?z6L/
R
? CO;/ FD/
*
/UC£?±8 =9FeC£2
H
:CF´20/ F
HJI
F´2
H
C£?uFAD/ <0C´/SK *
F=H <0C&/ A´? /SO,?=G< W/ <0K H .;>@?BAB8 Z =9<0K R. O,? @M6 R?B? =9< T 3·/ T I;8·/J<0O =G<L> HUR>@? *wH F´2
@ /J<0K H .;>@?BAIU/J< Ob@M6 R?B? =9< T 3·/ T I;4N6±. ;0H CE? :W?¹. C£?/ =G<;= . C£. ;0H A´F HJI
/J< Ou/
=G<;= . K H < O,?<0KM? HJI
4 PW2;?B<F´2 ? I HSRGR9H :·=9< T /UCC H KM=/JF=H <A. R?j=dC·O,=C´K H >@?BA? Oi4
R,V%W klR,e )X 0 @ enVdR,U ^7Q,I :
PQSR,T%U(V2WOX 0 @1c )^,^ ak e ; I ,U%aJaR,Q W 0 VdR,e NklT ^7enV6^ XU4
- H : ?B>@?BAB8BF2;=dCkA´. R?W= C =C R?µ/UO,=9< T CE=G<0KM? F´2;? H >@?BA / R9R@ ?ADKM?B<LFD/ T ? HJI F´A /J<0C/UKMF=H < Ca=G<0K R.0O*
=9< T @M6 R?B? =G< T 3·/ T IU=C µZ 8J?B>@?< R / A T ?AkF´20/ <
4!< I /SKMFB8 F´2;? RGH KB/ F´=H < H I @W/ <0K H .;>@?BA2IS/J<0O
F2;? A H O,.0KMF HJI @M6 R?B? =9< T 3·/ T I@/JA´?j<;? T / F´=9>@? RG+ /UC´C H KM=d/ F´? O * ? KB/ .0C£? * ?=G< T =9<,> HSR>@? O=G<F2;?
IH A ?A/UKMF.0/ R9RG+ O,?µKMA´? /SC£? C5F2;? R= ? R=G2 H@H O H I* ?B=G< T =G<L> HUR>@? OF2;? R/JFF´?BA4 = =GF2 H . F I. R9RG+
. <0O,?BA C£FD/ <0O,=9< T F2;=dC 2;?< HU ?< H <k8 H <;?K H . RO / ?5.;<G:·=dCE? * . C£=G< ? C´CO,? KM= C£=H <0C * /SC£? O H <
F2;=dCWA. R?±4
+& *6!0 + !0 %P
H 2 ? RG
R F´?BA
H
.;FjC£.0KD2
=dC
R
? /UOL=G<
T
@DCEF´A H < T
I/UCC
H
KM=/JF´=
H
<0C HJI
F2;?
IH A - : ;
8i=GFj=dC#<;?µKM? C´C/JA + F
H
?BA
I H A K H
A´A?
R
/ F´=
H
<z/J< / RG+
C£=C *
?F : ?B?B<
-
/J<0O
;
4<
F2;=dC%F´2;?µC£=dC86:W? A HU0H CE? H <;? ?BF2 H OF H¹T ?BF ·. R? C *,+ K/ RK. R / F´=G< T
F2;?=G<LF´?BA? C£F=G< T <;? CC * ?BF :W?B?< /J<0O354
! %#&
PW2 ?$A? / =G<;=9< THJI F´2;?F´2 ? C£=CW=dC H A T / <;=B?µO/SC I HUR9RGH :CM4 V 20/ F´?A I H .;F R=G<;? C·C HU ?j?(?,=C£F=G< T
: H A A´? R /JF? O¹F H F2;?·F´2;?µC£=dC4! T ?B< ?BAD/ R O,? CKMA´= F´=H < HJI /UCC H KM=/JF´=H < =G< =G< T C + C£F? = C T =G>@?B<
=9< V 2 / F?BA 43·/UCE? O H <zF´2;? O,=dCKM.0CC£=H <|/ *0H >@?@8 :W? :·=R9R /UO O,A´? CC$F2;A´?B? A HU* R ? C4ePW2;?
ADC£F=dC H A´? T ?B< ?BAD/ Ra . RF=dO,= ?<0C£= H <0/ R /SC´C H KM=d/ F´=H <A. R?µC =G<;=9< T 80CE? K H <0O=C#K H A´A? R / F´=H <
/ <0/
R9+
CE=dC8
R
/UCEF= C H
<K
H
<0C£FAD/ =G<LFDC * * /SC£? O
=G<;=9<
T
4"PW2;?j/
;
A H
/SK 2 ? CW/ <0O/
R9TUH
A´=GF2
CaF
H
:·/JA O;C
* A´=9? I O,=dCKM.0C´CE=H < H <zC + C£F? = R? ?M<LFD/ F´=H <=C =9< V 20/ F´?BA
4$6 HU ?¬K H <0K R. C£=H <0C/J<0O
I. F´.;A? : H A :·=R9Ri* ?¹=9< V 20/ F´?BA @4
PW2 ? * /SC£= K#K H <0KM? F H </UCC H KM=/JF= H < A´. R? C!=dC!=G<LF´A H O,.0KM? O¹=9< V 2 / F?BA5XS4% <eF´2 =dC%K 2 / F?BAB8): ?
:·=RGR A?B>,=9?(: KM.;A´A?B<LF·A´? CE? /JA K 2 H <x +k]F? KD2;< HUR9HUTS+ / <0O/UCC H KM=/JF=H <A. R?µC =9<;=G< T 4·#. A
H
>@?BA>,=9?(:
HJI
A?
R
/ F´? OF HS
=dKBC IH
KM.0C£?µC
H
<F : H5
/ H A"F´2;?
? C X
? KM=G?<,F
=9< R /JA T ?¬O;/ FD/ :·/JA?B2 H .0C£? C80/J<0O I I /SC£Fj/J<0O? ? KMF´=9>@?5/SC´C H KM=d/ F´= H < =9<;=G< T
@4
$q
&( ! | q$
&
# 4 #
j/JFD/ :·/ A´?B2 H .0CE?W=dC"/C£. * E? KF * H A´=9?B<LF´? Oi8=G<LF´? T AD/ F´? Oi8 F´= ?(* >S/JA´=/J<LFB8/J<0O< H <*> HUR/JF=R? K HSRGR? K *
F=H < H I O /JFD/ I H A"OL? KM=dCE= H <C£. wH A´Fq/ ; R=dK/JF´=H <0C I
4"PW2;? K H < C£F´A.0KMF=H < H I O;/ FD/ :·/ A´?B2 H .0C£?±8
:·=9F´2eO;/ FD/K R? /J<;=9< T / <0O&O /JFD/5=9<,F? T A /JF´=H <k8LKB/ < * ?#>L=G?(: ? O¹/SC%/J<e=0H AFD/ <,F A´? A H KM?µC´C£=9< T
CEF´? IH A < H : R? O T ?O,= C´K H >@?BA + F /UC C4
PW2;? A HSwH C´/ R#H I F2;?K H <0C£FA´.0KMF=H < HJIjR/ A T ? O;/JF /:·/JA?B2 H .0C£? I H A . RF´=* O,= ?<0C£=H <0/ R
/ <0/ R9+ CE=dC5=dC¬KMA´?µO,=GF? OuF HzV%H O;O:·2 H K H =9<;? OF´2;?eF´?BA +k I H A H <* R=9<;? /J<0/ RG+ F´=dK/ R% A H *
K? C´CE=G< T 7X I 4 H A´F´=H <0C HJI O;/JF /":·/ A´?B2 H .0CE? C¹KB/ < * ? A´? K HS .;F? Ou/ <0O / F´?BA=d/ R =? O IH A
?KM=9?B<LF A H K? C´CE=G< T /J<0OxCE.0KD2|/ / F´?BA=d/ R=? O . RF=dO,= ?<0C£=H <0/ R O;/ FD/ * /UCE?=C wHS . R/JA R9+
K/ RGR? OF1G *%+ H XBZ
4 ;A HS F´2;? O;/JF /xC£FA´.0KF´.;A? 0H =G<LF HJI >L=G?5:8WO;/ FD/xK. * ?uK/J< * ?
>L=G?5:W? O/SC#/
R
/ A
T ? . R
F´=* O,=
?B< C£=
H
<0/
R
/ A´AD/
+
:·2 =dKD2uK
H
<0CE=dC£F C H I
/eC£?BF H I
3:·=GF2
A? C
? KF¹F
H
F2;?/J<0/
RG+
B? OxO /JFD/L8W/ <0O]/CE?BF H I
>S/
R
.;? C¹=9<x? /SK 2 KM?
R9R
KB/
R9R
? O 7X 4
/ F H A :·2;=dKD2K HU . F´? C T A H . * *L+ / TUT A´? T /JF´=H <0C H >@?BA/ R9Ra0H CC£=*;R?eCE. * C£?FDC H I F2;?C ? KM= ? O
OL= ?B< C£=H <0C 7XZ
4zFF´A? /JF C¹? /UKD2 H I F2;? e / TST A? T / F´? O /JF´FA´=* .;F´?µC/UC/J< e*O,= ?B<0CE=H <0/ R
CE.
*
KM.
*
?@8
H
A·K.
*0H
=dO CM4%PW2;?/
TUT
A´?
T
/JF´=
H <
HJI
/ /JAF´= KM.
R
/ A C£?BF HJI
/ F´FA´=
*
.;F´?5>S/
R
.;? C!=CW/
0H
=G<LF
=9<&F2;=dC%C
/UKM?±4%PW2;?5AD/
=dOe/UKKM?
F /J<0KM?
HJI
F2;=dC HS
?AD/JF
H
A·20/SC
R
? OF
H
/>U/ A´=/J<LF H I
F´2;?
V
:53·
* ?B=9< T A HU0H CE? O IH A·F2;?6; +xC£F /J<0O;/ ADOi4
5/ FD/¹? e* ? O;O,?µO¹=G</O;/ FD/KM. * ?NKB/J< * ?¬/ A´= =GF´=9>@?·K H <0KM? F R?B>@? R 8U=4?@4G8@F´2 ?#A / : O;/ FD/
IA HU F2;?5O /JFD/ * /UCE?@4 I < H : R? O T ?=dC!?(?LF´AD/SKMF´?µO I A HU /J< O?(? A? C´CE? O. C£=G< T F2;=dC
D8
=9Fa=C HJI F?B<< H F ? /J<;=9< TJI . R /J<0O.0C£? I . R ?B< H . T 2_4!PW2;?BA? I H A?@8U=9F!=dCa. C£.0/ RGRG+H A´?O,? C£=9AD/ *;R? F H
/ * C£FAD/SKMF%F´2;?jO;/JF / I A HU / R9H : K H <0KM? F R?B>@? R F H /5A? /UC H <0/ *;R?2;=T 2;?BA H <;?@4%PW2;=C!=0H AFD/ <,F
I. <0KMF´=H <0/ R=9F + =dC·K/ RGR? O F&0& !70%4
,"# " " /#
+k H < *R
=G<;?e#< / RG+
F´=KB/
R"
A H KM? C´CE=G<
T
=C5/C£?BF HJIHU
?BA /JF´=
H
<0C
A H
>L=dO,?µO
*,+
O;/JF /":·/ A´?(*
2 H .0CE? C F
H&
/J<;=
. R
/ F´?jO;/JF //JF
. R
F´=
R
?O,=
?B<0CE=
H < CW/J< O . R
F=
;R
? R
?B>@?
RC H I
/ *
C£FAD/UKF´=
H
<k4
PW2 ? * /SC£=dK +k HS ?BAD/ F´= H <0C#=9<0K R. O,? =G<0KMA? /UCE=G< T F´2 ? R?>@? RiH I / TST A´? T /JF= H < /J<0O
%G O,? KA´? /SC£=G< T F´2;? R?B>@? RkHJI / TST A´? T /JF= H < 8
C£? R? KMF´=H < /J<0O A H E? K *
F=H < 80/ <0O
»A´?5*H A´=G?<,F=G< T F2;? . RF´=O,= ?B< C£=H <0/ R >L=G?(: H I O;/ FD/ 4
#< +k ?B< T =G< ?xO,? /J<0O C I /SC£F A H KM? C´CE=G< T H <>@?A +]R/JA T ?x> HSR. ? HJI O;/JF /]K H <*
F /J=9<;? O=G<O;/ FD/ :·/JA?B2 H .0C£?@4%PW2 =dCWA´? .;=9A´? CW2 =T 2 RG+ ?K=G?B<LF KM. * ?¬K HU .;FD/ F´=H </J<0O @.;?BA +
A H KM? CC£=9< T F? K 2 <;=@.;? C4 K HU H <z/J< O 0H : ?BA I . R @.;?BA +HU F= = /JF=H <F´? KD2;<;= .;?= C5F H
/JF´?A´=d/ R=B?C HU ? H Ae/ RGR%H I C£. * KM. * ? C¹A /JF2;?BA¹F20/J< K HU .;F´?eF´2;? I A HU AD/(: O;/ FD/? /UKD2
F= ?±45-5/ A´=G< /JAD/ + / <k8i?BF/ R 4I X T /µ>@?e/ O,?BFD/ =R? OO,=dCKM.0CC£=H < H <zF´2;=C#F´?µK 2;< =@.;?¬/J<0O A H *
0H
C£? O/
T
A´?B? O + /
R9TUH
A´=GF2
I H A CE?
R
? KF´=G>@?
/JF?BA´=/ R
= / F´=
H <
HJI
KM?BAFD/ =G<
H
C£F!?(?
?B<0CE=G>@?W>L=G?5:C
/ <0O
I
.;A´F2;?BACEF´.0O,=9? O/J<z=G< O,?(?L=G<
T
F´? KD2;<;= . ? I H
AF2;=dC#F /UC
4
H
A´?
H
>@?BA8wA? C£?µ/JADKD2
H
<2 H :
F H C
?B? O.
F´2 ?K HS
.;F /JF´=
H <
HJIº
. R F´=*O,=
?<0C£=
H
<0/
R / TUT
A´?
T
/JF´?µCN2 /UC/
RC H*
?B?B< O H
<;?±4·F
K H
<0CE=dC£F C H I
F : H
=G<
. ?B<,F=d/
R
F´? KD2;<;= . ? C!<;?5= CºA?
A? C£?B<LF´?µO
*,+
T /JA :·/
R
?BF / R 4C>:
H A
7X 8
:·2 =dKD2&?(?LF´?<0O;CF2;?C H A´F * * /UC£?µOu/J< O 2 /UC£2 * * /SC£? O T A H . =9< T ?BF2 H O;C9:·=GF´2CE?B>@?BAD/ R ?K=G?B<LF
HS F´= =µ/JF´=H <0C8 R= ?·K HS&* =G<;=9< T K HSH < HU ?BA /JF´=H <0C·/SKMA H C´C . RF´=;R? T A H . * *L+ C80KB/UKD2;=9< T 8
?FDKU4jPW2;? H F2;?BA5=C#A´? A´? CE?B<,F? O *,+ 1020/ H 8i?BF/ R 4C . RF=* :·/ + / A´A / + ** /UCE? O/ RGTSH A´=9F´2
O /JFD/:/JA?B2 H . C£?C + CEF´? C%CE. ;0H AF·=G<0O,?5?CEF´A´. KMF´.;A? C=9<0K R.0O,=G< T$* =GF / =G<0O,?5?,=9< T /J<0O H =9<
=9<0O,?(?L=G< T 8 H A·?B>@?B< * =9F / ; ? O H =9<=G<0O,?5? X
4
# 9# n
PW2 ?? C´CE?B<,F=d/ R#* /SK LT A H .;< O < H : R? O T ?z/ ;;R=G? O|=G<mO;/ FD/ T ?B<;?BA / R= /JF=H < =dCF´2;?zK H <0KM? F
2 =G?BA /JADKD2 + /UC´C H KM=d/ F´? O:·=GF2?µ/UKD2]OL= ?B< C£=H <k4 K H <0KM? F2 =G?BA /JADKD2 + =dC/uF´A?B? H A R /JF´F=dKM?
CEF´A.0KMF´. A´?F´20/ F H A T
/J<;=B? CK
H
<0K?
FDCW=9</&O,=
?B<0CE=
H
<=G<LF H /
/ A´F=d/
R"H
A O,?BACE.0K 2F20/JFF´2
H
C£?
=9< R ?B>@? R C%K RGH C£?BA·F H F´2;?A H@H F/JA? H A? T ?B< ?BAD/ R F´20/ <uF´2 H C£?¬K R9H CE?BA·F H F´2;? R? / I < H O,? C4
?B<;?AD/ R9RG+ 80/eK H <0KM? F2;=9?BAD/ ADKD2 + K/J< * ? O,=GA? KMF R9+ OL?BA´=9>@? O IA HU F2;?O;/ FD/ * /UCE?eC´KD2;? /
:·2 =dKD2&= CA´? I ?BA´A? O¹F H /SCF´2 ? Q4WA =GF KB/J< * ?¬O,? 0<;? O *,+ .0CE?BA H A
O HU / =G<e?(? ?BAFDC!F´2 A H . T 2 < H : R? O T ? HJI /J< /JF´FA´=* .;F´?NKB/ R9R? O¹F2;?
k4%- H :W?B>@?BA8UF´2 ?BA´?j/JA?C HS ?5K/UC£?µCF´2 /JF/J. F HU /JF´= K T ?B<;?BA /JF=H < HJI K H <0K? F%2;=G?AD/JA K 2 =G? C
/ <0O O +
<0/
=dK/SO E.0C£F
?B<LF H I
C
HS
?u?5?,=C£F´=9<
T
2;=9?BAD/ ADKD2;=G? C/ A´?zO,?µC£=GA /
*;R
?@4mPW2;?
?BF´2 H O C
IH
A/J. F HU
/JF´=K T
?B<;?AD/JF=
H <
HJI
K H
<0KM?
F#2;=9?BAD/ ADKD2 +eIH
A5<L.
?BA=dKB/
R
/ F´F´A=
* . F´?
*
/UC£?µO
H
<zO;/ FD/
OL=dC£FA´=* .;F´=H <0C/ <0O IH A O + <0/ =K$A? 0<;? ?B<,F HJI / T =9>@?B< H A T ?B<;?AD/JF? OzK H <0K? F2;=G?AD/JA K 2 +
* /UC£?µO H </ R? / A´<;=9< T A´? .;?µC£F/JA?=G<LF´A H OL.0KM? O=G< XBY
4
) q "B& W(B !&
PW2 ?K H < KM?
F HJI
/UC´C
H
KM=d/ F´=
H
<A´.
R
? CH:/UC 0A C£F =G<LF´A
H
OL.0KM? O&=9< I 4W6@=9<0KM?F´2;?<k8,? KM=9?B<,Fº/UC´C H *
K=d/JF=H < =G<;=9< T ? KD20/J< =dC =9< R/JA T ?O;/ FD/ * /UCE? C5/J< Ou=GFDCW?5?,F?B<0C£=H <0C·F H O,=i?A´?B<LFO HU /J=G< C
2 /µ>@? * ?B?B<¹F2;?C£. * E? KMF HJI0 / < + CEF´.0O,=9? CM4qPW2;? CE?·C£F.0O,=9? C!K H >@?BA"/ * A H /SO&C ? KMF´A. HJI F HS =dKC
=9<0K R.0O,=G< T X iI /SC£F / R9TUH A=GF2 C * /SC£? O H <F2;? R?B>@? R* :·=dCE? A´=H A= I AD/ ?(: H A 8 I Z
/ <0O¹=GF C
>S/ A´=d/ F´=H <0C8U=G<0K R.0O,=9< T /JAF´=GF=H <;=G< T 8
8U/ <0OC´/ ;R=9< T
6I
I =G<0KA´? ?<,F / R . O /JF´=9< T
/ <0O /JA / R9R ? R / R9TUH A´=GF2 C 7XSX@8
8WX
=9<;=G< T HJIjT ?B<;?AD/ R=B?µO/ <0O . RF=* R?B>@? R A. R?µC
YL8 I 5 =9<;=G< T&H I .0/ <,F=GF /JF´=9>@?/ <0O . RF=* O,= ?M< C£=H <0/ R A´. R? C 8%X 8 8 I L8 I
Z " =9<;=G< TRGH < T /JFF´?BA<0CW/ <0OeO,?B<0CE?5O;/ FD/C£?FDC 8 " =G<;=9< T K H AA´? R/JF´= H <0C%/ <0O&K/J.0C/ R
CEF´A.0KMF´. A´? C,8
=9<;=G< T A /JF´=H A´. R? C
I
@.;?BA + ** /SC£? O|K H <0C£FAD/J=9<,F =G< =G< THJI
/SC´C H KM=d/ F´=H <0C
XU8
X
Y 5 =G<;=9< T K + K R=K¹/ <0OxKB/ R?B<0OLA´=dK/SC´C H KM=d/ F´= H <|A´. R? C
)I 8 Z
´X
I
R= =9F´? OC /UKM?j/J< O&F´2;? R= =GF? OC´K HS ? HJI F2;=dC%C£F.0O + 86: ?5/ A´?< H F TUH =9< T F H C£.;A>@? + / R9R;HJI F2;?
/SC ? KMF C HJI C£.0KD2zC£F.0O,=9? C5/J< Ou?(?,F?B<0CE=H < CM4#. A H >@?BA´>L=G?(: HJI F2;? 0? RO HJI /UCC H KM=/JF´=H <zA´. R?
=G<;=9<
T =C#K
H < 0<;?µOuF
H
F2;?CK HU
?/ <0OuF´2 ?
?BF2
H
O;C·F´20/ F :W?¬/ A´?
TUH
=G<
T F H
.0CE?
H
A#?(?LF´?<0O
=9<F´2;=CWF´2;? CE=dC4
H F´=G>S/ F´? O *L+ >@?BA + 2,. T ?/ H . <,F C HJI C´/ R? CO;/ FD/ »A? I ?BAA´? O/UC$F2;? * /SC ?BFO /JFD/ /J<0O
F2;?=G<LF´?A´? CEF=G<m=G<0CEF´=9F´.;F=G< T =9< I H A /JF=H <*OLA´=G>@?< / A ?BF=G< Tz A H K? C´CE? CM85F2;? A HS*;R ? HJI
/SC´C H KM=d/ F´=H < A. R?µC =G< =G< T :/UC 0A C£F=G<LF´A H O,.0KM?µO=G< I 4 6@=G<0K?uF´2 ?B<k8/ RGH F HJI A? C£? / ADKD2
2 /UC * ?B?<|O H < ? H <x>S/JA=H . C/UC ? KFDC H I F´2;=C$F HU = KU4u RGH F HJI ?(? KM=9F´=G< T A´? CE. RF C /SO,?eF´2;= C
F? KD2;<;=@.;? TUHI /JA * ? +@H <0O :·20/JF=GF :·/UC H A´=T =G<0/ RGR9+ / ;R= KB/ *;R?@4 H :8"/UCC H KM=/JF´=H < =G< =G< T
2 /UC * ??B</.0CE? I. R /J<0O=0H AFD/ <,F·F H@HUR =G<O;/ FD/ =G<;=9< T 4
# / # F?"
PW2 ?5=G<;=9F´= / R /UCC
H
KM=/JF´=
H
<A´.
R
? C
=9<;=G<
T
:/UC
/ =G<
R9+¹
/ A
?BF / <0/
R9+
CE=dC
H
<C/
R
?µC
*
/SC
?BFO;/JF /,4
A´? K
H
ADO=9<|C£. K 2|O /JFD/uF +L
=dK/
RGR9+
K H < C£=dCEFDC H I
F´2;?FAD/ <0C´/SKMF´=
H
<]=O,?B<LF´=KB/JF=
H
<x/ <0Ox=GF´?
C
*0H . T 2LFa=9<F´2;?%F´A /J<0C/UKMF=H <k4!#<=9<,F?BA´? CEF´=9< T / <0O$=9< .;?B<LF´=/ R / RGTSH A=GF´2 I H A =9<;=G< TI A´? .;?<,F
=9F´? C£?BF CM8BK/ RGR? O @ A& !E8 :/UC A HSwH C£? O *L+ / ? CE2¬ T A / :/ R /J<0O¬#/ / A´=C£2;< /J<6@A´= /J<LF
4· A=H A=k? ;R9H + C /J<=GF?BAD/ F´=9>@?/ ; A H /SK 2 #"=GADCEFB8;F2;?CE?BF H I!IA´? .;?<,FX *»=9F´? CE?BFDC.
=C I H .;< Oi4 . = C¹.0C£? OxF H 0<0O 3 8F2;? I A´? @.;?B<LF
I
*»=9F´? CE?BFDC81:·2;=K 2|=C$.0CE? OF H 0<0O 8
/ <0OuC H&H <k80.;<,F=R < HeH A´? I A? . ?B<,F6* =GF´? C£?BF CWKB/ < * ? IH .;<0Oi4#.;A´=9< T F´2;=CW=GF´?AD/JF=H <k80/J<
=0H AFD/J<LF A HS ?A´F + 8"KB/ R9R? OF´2;?e A´=H A´= A HS ?A´F + 8i=CN. C£? OuF H A? O,.0K?F´2;?eCKB/J<zF´= ? C HJI
F2;?O;/ FD/ * /UCE?/J< O = A H >@?F2;?? KM=9?B<0K +H I C£.0KD2 T ?B<;?AD/JF=H < HJII A´? @.;?B<LF¹=9F´? CM4PW2;?
H A´?NO,?BFD/ =RC H < A=H A="/ R9TUH A=GF2 :·=R9Ri* ?¬O,=dCKM.0CC£? O I .;AF´2;?BA·=9< V 20/ F?BA 4
3·/SC£? O
H < F2;?x
A´=
H
A´=j/
R9TUH
A´=GF2
8·>S/JA=d/JF=
H
<0C HJI
=9F20/B>@?
*
?B?B<mCEF´.0O,=9? Oi8j/J=
? O IH A
I. A´F´2 ?BA&=
A H
>@?
?B<LFC H I
F2;?
?BA I H A
/ <0KM?
HJI
F2;?/
RGTUH
A´=9F´2
4m
H A ?(?;/
;R
?@8W/z20/UCE2*
*
/UC£?µO F? KD2;<;= @.;? KB/ <
*
?.0CE? OxF
H
A´? O,. KM?F´2 ?C£=B?
HJI
F´2;?K/J<0O,=O;/JF?6*»=9F´?
C£?BF C /
CKB/J<|A? O,.0KMF=
H
<xF´? KD2;<;= . ?KB/ <
*
?.0C£? OxF
H
A´? O,. KM?F´2 ?<,.
&*
?BA HJI
O;/ FD/
*
/UC£?CKB/J< /J<0O
/eF´AD/ <0C´/SKMF´=H <A? O,.0KMF=H <F´? KD2;<;= .;?¬KB/ < * ?¹.0CE? OuF H A? O,.0K?¹F´2 ?<,. e* ?BA HJI FAD/J< C´/UKF´=H <0C
CKB/J< <;? O=G< I.;F.;A´?=GF?BAD/ F´= H <k4!·? KM?<,F RG+ 8 /C£FAD/ F´? TS+&* /SC£? O H < / A´F´=9F´=H <;=9< T F´2;?O;/ FD/¬C£2 H :C
/zC£FA H < T ?BA ? ? KMFeF´20/ <]F´2 ? H F2;?BACKB/J< A´? OL.0KMF´=H < ?BF´2 H O;CC£F.0O,=G?µO
A´? OL.0KM=G< T F2;?
