0123457898

5838
833 84
30

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

/0123$4-+#' -%&$,-& * +$"%+ #$'()($+ "(#$*($5678
9:,$;! "(
8cdedfg8hdij4f7kdldk2lmikknodpq
>;605>r0
stuvwxyz{|}hji~dkfpfkfjpd€‚h3ƒ„okj…kfpfk~dpj†ijol~…~ojokkfjnpdfji€dfjkf
†dkdnj†jkfk‡‡knd~f‡j€dpf~€dfk…i~fpokfpfkofokpojodkifjp€p…jookolfkkfpfk
~dpjfjd†4kki~dfp…o~~jookkfpfkkfjp‡jkfkokfpfkkfdcjmjcdohk~€dˆo€fddokf
†€j†jkfjikfjnpdfjikfpfk~dpjlfkdfjd†ƒjpjof…†kfpkndkij‡ddfkipknfj…pof‰dpfjp
…Šoljifdfd‡jpdnj€dfjkfkfpfkkfdcjldokŠ‹Œ‚kdij‰dfj„
Žu‘’“}ƒijkf…fjk…jk~j…kfpfk~dpj†€j†jkfdfkoknh3ƒd€€pd~fkfpfkkfdcjdki
jknf…ofddfmjcdohk~€dˆo€fd
”‘•y|}ƒjofildo‰d~j–€jp†jkfdl~ojiofdf~np€~†€dpokd†€joljpj€dfjkfoo€fd—ji
dfkfjpkd†ji~kjldpi…~doo8˜dkiqdfd™fdkji~koofji…~k‡jkfkdkfpfk~dpjdkih3ƒidfd
…kfpfkkfdcjokng†of~c‡oddkišppj~d†jfioƒfjofdkihdkk›fkjofdfof~dfjofljpjoji
fdkd—jfjk…jk~j…f€jo…kfpfk~dpjfkfpfkkfdcj
œzž‘}4‡jpdnj€jp~jkfdnj…ffdkfpfkkfdcj…o€fd…idkifoijo€fd…iod†€jlfh3ƒ
kfpfk~dpjldo™jffjpfdk~k‡jkfkdkfpfk~dpjƒfdkfpfkkfdcjldoŸ‹Œ…pjkjpnŸŒ…p
€pfjkqŒ…p…dfdkišŒ…p~dp™ipdfjƒjpjofldoonk…~dkf…pjkjpnkfdcj‚€ „3fpfk
kfdcj…od†€jo€fdldoŠŒ…pjkjpnŸŒ…p€pfjkŒ…p…dfdki‹ŸŒ…p~dp™ipdfj
3fpfkkfdcj…foijo€fdldoŸšŒ…pjkjpnq‹‹Œ…p€pfjkŒ…p…dfdkiqšqŒ…p
~dp™ipdfjƒjljpjkfonk…~dkfofdfof~d
¡y{užz’y{}ƒjpjldoi……jpjk~jkkfpfkkfdcj™jfljjkod†€jolfh3ƒdki~k‡jkfkdkfpfk~dpj
3fpfkkfdcj…od†€jolfh3ƒldo™jffjpfdk~k‡jkfkdkfpfk~dpjdkiofdfof~donk…~dkf‚€ „
9<¢$£¤586$~k‡jkfkdkfpfk~dpj†ji~dkfpfkfjpd€kfpfkkfdcj
<=8>?7@7>=
ABCDEFEGHIBJEKEGEGHCDLDHMNEGCHMEOEFHDGEIHPBMNIEQEG ¥EJEPHPBGDJEDHEUNIEGHPEQEGHIEUDBGHKEGCHRDMEOEFHRD
FDGREQHJEGSNFHREMDHQBCDEFEGHIBGCEREEGHPEQEGEGHRBGCEG MNPEXHUEQDFYH¦EQFVMHSBGDUHIBGKEQDFHUEGCEFHIBMJNHRDIBMXEFDQEG
FNSNEGHPBPTBMDQEGHFBMEIDHRDBFHKEGCHUBUNEDHRBGCEGHQVGRDUD QEMBGEHEUNIEGHSBGDUHLEFHCDLDHFBMFBGFNHTBMQEDFEGHBMEFHRBGCEG
IEUDBGHREJEPHNIEKEHPBPIBMWBIEFHIBGKBPTNXEGHPBJEJND UNEFNHSBGDUHIBGKEQDF]H§EJHDGDHTBMEMFDHUNEFNHSBGDUHLEFHCDLD
IBGKBRDEEGHPEQEGEGYHIBMNTEXEGHUDQEIYHREGHIBMDJEQN UIBUD¦DQHNGFNQHIBGKEQDFHFBMFBGFN]
FBMXEREIHPEQEGEGHUBJEPEHIBMEOEFEGYHPBGDGCQEFQEG ABCDEFEGHIBJEKEGEGHCDLDHRDHMNEGCHMEOEFHDGEIHRDUBTNFHEUNXEG
IBMEGHUBMFEHPEUKEMEQEFYHREGHPBGWBCEXHQEPTNXGKE CDLDHKEGCHTBMFNSNEGHNGFNQHPBPBGNXDHQBTNFNXEGHLEFHCDLDHIEUDBG
IBGKEQDFHZ[\] UBWEMEHVIFDPEJ]ḦEJEXHUEFNHIBGRBQEFEGHEUNXEGHCDLDHKEGCHIERE
^EQEGEGHKEGCHRDUBRDEQEGHRDHMNPEXHUEQDFHUNREX EOEJGKEHRDMBQVPBGREUDQEGHVJBXHƒj4†jp~dkd™jfjo4o
RDIBMXDFNGCQEGHSNPJEXHPENINGHPNFNHCDLDGKEHREGHXEMNU o~dfkHZ_¥_\HIEREH[©©ªHEREJEXHFBMEIDHCDLDHPBRDUHZ«¬^\
RDXETDUQEGHIEUDBGHECEMHIBGKBPTNXEGGKEHREIEFHTBMSEJEG EFENH†ji~dkfpfkfjpd€]H­EREHTBTBMEIEHIBGBJDFDEGHKEGC
UBUNEDHIMVCMEPHKEGCHRDFBFEIQEG]H_UNIEGHCDLDHKEGCHFDREQ RDJEQUEGEQEGHRDH_PBMDQEḦBMDQEFHREGHAEGEREYHQVGUBIH«¬^
WNQNIHEQEGHPBGKBTETQEGHFBMSERDGKEHIBGNMNGEGHUFEFNU FBJEXHFBMTNQFDHTBMXEUDJHRDCNGEQEGHNGFNQHPBGCBJVJEHIBGKEQDF
CDLDHUBJEPEHIEUDBGHRDMEOEFHDGEIHRDHMNPEXHUEQDFYHTBMEMFD RDETBFBUHPBJJDFNUYHXDIBMJDIDRBPDEYHnfYHXDIBMFBGUDYHIBGKEQDF
IBJEKEGEGHCDLDHFDREQHFBMWEIED]H̀GFNQHPBGCBaEJNEUDHPNFN SEGFNGCHQVMVGBMYHCECEJHCDGSEJYHREGHJEDG®JEDGHZ¯\]
IBJEKEGEGHCDLDYHUEJEXHUEFNGKEHKEDFNHRBGCEGHPBGWEFEF
EUNIEGHPEQEGEGHRBGCEGHPBPIBMXDFNGCQEGHPEQEGEG [ °GUFEJEUDH¬DLDH±¨`¥HAVFEH²BQEUDYH³J]H­MEPNQEH́´YH²BQEUDYH³EOEH²EMEF
KEGCHFBMUDUEYHQEMBGEHUDUEHPEQEGEGHEREJEXHUEJEXHUEFN b ³NMNUEGH¬DLDH­VJDFBQGDQHABUBXEFEGH¥BIEMFBPBGHABUBXEFEGH±°
DGRDQEFVMHQBTBMXEUDJEGHIBJEKEGEGHCDLDHRDHMNEGCHMEOEF µVCKEQEMFEYH³J]H«EFETNPDH¶V]H¯HµVCKEQEMFE
¯ ^ECD UFBMH¬DLDHABUBXEFEGH̀¬^YH³JH·EMPEQVYḦBQDIH̀FEMEYHµVCKEQEMFE
DGEIHZb\] ´´b¸[YHj†d¹HTNRDGDGCUEMDb´ºKEXVV]WVP
b 8cdedfg8hdij4f7kdldk2lmikknodp
¥DH°GRVGBUDEYHIBGBJDFDEGHRDH̄¯HMNPEXHUEQDFHUB®³ETVFETBQ
PBGCXEUDJQEGHIBJEQUEGEEGHQBCDEFEGH«¬^HKEGCHTBJNP
UBIBGNXGKEHRDJEQUEGEQEG]H̀PNPGKEHXEJHDGDHRDUBTETQEG
VJBXHSNPJEXHEXJDHCDLDHKEGCHFDREQHPBPEREDHREGHQBMSEUEPE
RBGCEGHRVQFBMHKEGCHTBJNPHTBMSEJEGHRBGCEGHTEDQHZª\]H¶EPNG
BaEJNEUDHFBMXEREIHIBJEQUEGEEGHEUNXEGHCDLDH«¬^HTBJNP
IBMGEXHRDJEQNQEGYHUBXDGCCEHTBJNPHREIEFHRDQBFEXND
IBGCEMNXGKEHFBMXEREIHf~†jHUBIBMFDHEUNIEGHCDLDHIEUDBG]
§EUDJHBaEJNEUDHFBMUBTNFHUEGCEFHRDIBMJNQEGHNGFNQHPBPTBMD
PEUNQEGHREGHPVFDaEUDHQBIEREHFBGECEHCDLDHPENINGHIDXEQ
PEGESBPBGHMNPEXHUEQDFHREJEPHNIEKEHIBGDGCQEFEG
IBJEKEGEGHCDLD]
¥DH±NPEXḦEQDFH̀PNPH¥EBMEXHZ±¨`¥\HAVFEH²BQEUDY
UEEFHDGDHTBJNPHRDJEQUEGEQEGHEUNXEGHCDLDHUBWEMEHFBMIERN
REJEPHUEFNHFDP]H¥EJEPHIMVUBRNMHFBFEIHIBJEKEGEGHCDLD
IEUDBGHMEOEFHDGEIHRDUBTNFQEGHTEXOEHEUNXEGHCDLD
RDJEQUEGEQEGHRBGCEGHPBGCCNGEQEGHIBGRBQEFEGH«¬^Y
GEPNGHUEEFHDGDHTBJNPHFBMSERDHQVVMRDGEUDHREGHQVPNGDQEUD
KEGCHTEDQHEGFEMEHRVQFBMYHIBMEOEFYHEXJDHCDLDYHREGHIMV¦BUD
JEDGGKE]H­BMEGHEXJDHCDLDHREJEPHXEJHDGDHPEUDXHUEGCEFHUBRDQDFY
FBMNFEPEHIEREHHIBGBGFNEGHIMBUQMDIUDHRDBF]H­BGBGFNEGHRDBF
IEUDBGHJBTDXHUBMDGCHRDJEQNQEGHVJBXHRVQFBMHFEGIEHEREGKE
QVVMRDGEUDHRBGCEGHEXJDHCDLD]H_XJDHCDLDHXEGKEHTBMIBMEGHREJEP
IBPTBMDEGHDGFBMaBGUDHKEDFNHTBMNIEHIBGKBRDEEGHPEQEGEG
REGHQVGUBJDGCHCDLD]
¥EMDHXEUDJHPVGDFVMDGCHREGHBaEJNEUDHIBJEKEGEGHCDLDHMEOEF
DGEIHIEREHUBPBUFBMH°HZTNJEGH³EGNEMDHUEPIEDHRBGCEGH³NGD
b»»¼\HRDH±¨`¥HAVFEH²BQEUDHRDIBMVJBXHMEFE®MEFEHQVGUNPUD
PEQEGEGHMNPEXHUEQDFHIEUDBGHXEGKEH¼´®½»¾]H³NPJEXHEXJD
CDLDHKEGCHTBMFNCEUHRDHMNEGCHMEOEFHUEEFHDGDHXEGKEH¼HVMEGC
RBGCEGHIBGRDRDQEGH¥¯H¬DLDHREGHIBMGEXHPBGREIEFHIBJEFDXEG
«¬^]H­BMTEGRDGCEGHEXJDHCDLDHRBGCEGHMNEGCHMEOEFHQBJEU
IBMEOEFEGH[HREGH¿°­HEREJEXH[¹[YHUBREGCQEGHQBJEU
IBMEOEFEGHbHREGH̄HKEDFNH[¹b]
­BGBJDFDEGHDGDHTBMFNSNEGHNGFNQHPBGCBFEXNDHIBGCEMNX
IBJEQUEGEEGHEUNXEGHCDLDHRBGCEGHIBGRBQEFEGHFBMEIDHCDLD
PBRDUHFBMXEREIHEUNIEGHCDLDHIEUDBGHRDH±¨`¥HAVFEH²BQEUD]
;>?>=$8>=$2<0¤8<
³BGDUHIBGBJDFDEGHDGDHEREJEXHQNEUDHBQUIBMDPBGHRBGCEG
MEGWEGCEGHofdf~np€~†€dpokH¨EPIBJHRDTECD
PBGSERDHRNEHQBJVPIVQ]HABJVPIVQHIBMFEPEHRDTBMDHIBMJEQNEG
TBMNIEHEUNXEGHCDLDH«¬^HREGHQBJVPIVQHQBRNEHRDTBMDHEUNXEG
CDLDHQVGaBGUDVGEJ]H­BGBJDFDEGHDGDHTBMJEGCUNGCHPNJEDHTNJEG
¨BIFBPTBMHb»»¼HUEPIEDHRBGCEGH³EGNEMDHb»»½]H­VINJEUD
REJEPHIBGBJDFDEGHHDGDHEREJEXHUBPNEHIEUDBGHTEMNHPEUNQ
REGHRDMEOEFHRDH±¨`HAVFEH²BQEUDHKEGCHPBPBGNXDHQMDFBMDE
DGQJNUD]H¨EPIBJHEREJEXHIEUDBGHKEGCHRDMEOEFHRDHMNEGC
IBGKEQDFHREJEPHQBJEUHIBMEOEFEGH¿°­YH°YH°°YHREGH°°°HKEGC
PBPBGNXDHQMDFBMDEHDGQJNUDHQVPNGDQEFD¦YHQBUEREMEGH~†€o
†jkfoYHPBGRBMDFEHIBGKEQDFHRBCBGBMEFD¦HFEGIEHQVPIJDQEUD
RBGCEGHFDGCQEFHQBIEMEXEGHTBMREUEMQEGHEGEPGBUDUHPBRDUY
RDGKEFEQEGHUBPTNXÀPBPTEDQYHREGHTVJBXHINJEGCHVJBX
RVQFBM]
³NPJEXHUEPIBJHREJEPHIBGBJDFDEGHDGDHRDXDFNGCHRBGCEG
FDGCQEFHQBIBMWEKEEGH©´¾YHQBQNEFEGHNSDH©»¾YHREGHUFEGREM
RBaDEUDH»Y½HUBXDGCCEHRDIBMJNQEGHUBSNPJEXHª¼HVMEGCHNGFNQ
PEUDGC®PEUDGCHQBJVPIVQHZ´\]H­BPDJDXEGHUEPIBJ
PBGCCNGEQEGHWEMEHd~~ijkfd]H¨EPIBJHRDEPTDJHUBWEME
TBMIEUEGCEGHPBGNMNFHSBGDUHIBGKEQDFYHKEDFN¹H¥^HZRDETBFBU
PBJJDFNU\YHÁ§·HZCECEJHSEGFNGCHQVGCBUFD¦\YH¨¶§HZUFMVQ
GVGXBPVMECDQ\YH§«HZXDIBMFBGUD\YH§§¥HZIBGKEQDFHSEGFNGC
XDIBMFBGUD\HREGHPBGNMNFHQBJEUHIBMEOEFEGYHKEDFN¹HQBJEU
IBMEOEFEGH°HREGH¿°­HUBMFEHQBJEUHIBMEOEFEGHbHREGH̄]H°GUFMNPBG
KEGCHRDCNGEQEGHEREJEXH¦VMPNJDMHQBCDEFEGH«¬^YHEUNIEG
PEQEGEGHMNPEXHUEQDFHRBGCEGHPBFVRBHaDUNEJHÁVPUFVWQY
EUNIEGHPEQEGEGHJNEMHMNPEXHUEQDFHRBGCEGHPBFVRBHpj~dbª
SEPYHREFEHDRBGFDFEUHREGHQEMEQFBMDUFDQHMBUIVGRBGYHUBMFE
FDPTEGCEGHPEQEGEG]H¿EMDETBJHIBGBJDFDEGHFBMRDMDHREMDHaEMDETBJ
TBTEUHKEDFNHSBGDUHEUNXEGHCDLDH«¬^HREGHQVGaBGUDVGEJYHUBMFE
aEMDETBJHFBMDQEFHEREJEXHEUNIEGHCDLD]
­BGCVJEXEGHREFEHRDEOEJDHRBGCEGHjifkn~ikn€p
~jooknYHREGH~jdkkn]H¥EFEHQVGUNPUDHPEQEGEGHRDQVGaBMUD
REJEPHTBGFNQHBGBMCDYHIMVFBDGYHJBPEQYHREGHQEMTVXDRMEFY
QBPNRDEGHRDTEGRDGCQEGHRBGCEGHQBTNFNXEGHUEPIBJ]H_GEJDUDU
NGDaEMDEFHRDJEQNQEGHNGFNQHPBGCCEPTEMQEGHQEMEQFBMDUFDQ
UEPIBJHREGHNSDH~o‰dpjHRDCNGEQEGHNGFNQHPBGCNSD
XVPVCBGDFEUHUEPIBJ]H_GEJDUDUHTDaEMDEFHRDJEQNQEGHNGFNQ
PBJDXEFHEREGKEHIBGCEMNXHEUNXEGHCDLDH«¬^HFBMXEREIHEUNIEG
CDLDHHKEGCHPBGCCNGEQEGHffjofHNGFNQHaEMDETBJHRBGCEG
UBTEMEGHREFEHGVMPEJHREGHhdkk›fkjNGFNQHaEMDETBJ
RBGCEGHUBTEMEGHREFEHFDREQHGVMPEJ]
?>6Â@
9 -!,-(",(!$" .+
¨BJEPEHIBGBJDFDEGHRDIBMVJBXHª¼HVMEGCHUEPIBJHNGFNQ
PEUDGC®PEUDGCHQBJVPIVQYHUBXDGCCEHSNPJEXHUEPIBJHUBWEME
QBUBJNMNXEGHEREJEXH©bHVMEGC]HAEMEQFBMDUFDQHUEPIBJHREIEF
RDJDXEFHIEREH04$Ã]H³BGDUHQBJEPDGHUEPIBJYHTEDQHKEGCHRDTBMD
EUNXEGHCDLDHQVGaBGUDVGEJHPENINGH«¬^HFBMTEGKEQHEREJEX
IBMBPINEGYHPEUDGC®PEUDGCHUBTBUEMH¼»Y̧½¾HREGH́¼Ýb¾Y
UBREGCQEGHIBGRDRDQEGHUEPIBJHFBMTEGKEQHEREJEXHFDREQHFEPEF
¨¥HPEUDGC®PEUDGCHUBTBUEMH́ªȲ´¾HREGH¼¯Y»ª¾]ḦBTECDEG
TBUEMHUEPIBJHKEGCHRDTBMDHEUNXEGHCDLDHQVGaBGUDVGEJHREGH«¬^
TBQBMSEHRDHUBQFVMHUOEUFEYHPEUDGC®PEUDGCHUBTBUEMH¼½Ȳ©¾
REGH¼©Ý½¾]H̀PNMHUEPIBJHIEREHQBRNEHQBJVPIVQHFBMTEGKEQ
TBMQDUEMHEGFEMEHª[®¼»HFEXNGHRBGCEGHIBMUBGFEUBHPEUDGC®
PEUDGCHUBTBUEMH¼´Ybb¾]ḦFEFNUHCDLDHEOEJHZ°^«\HFBMTEGKEQ
EREJEXHGVMPEJYHUBTEGKEQH¼½Ȳ©¾HNGFNQHUEPIBJHRBGCEG
EUNXEGHCDLDHQVGaBGUDVGEJHREGḨ»Yª¯¾HNGFNQHUEPIBJHRBGCEG
EUNXEGHCDLDH«¬^]H§EUDJHNSDH~o‰dpjHPBGNGSNQQEGHFDREQ
 ˜jdcodkddkdodkn—ijkndk€jkijcdfdkfjpd€n—†jio‚ƒ7h„ ¯
0>;<@$ÃÊ$9 -!,-(",(!$" .+$+#(,(#$
$
Ë#("$"%& #$'()($ 0:,$
9 -!,-(",(!$ 9:#Ì#"(:# $ 0-+($'()($.*("$ Î$ +$
#$ Í$ #$ Í$ #$ Í$
³BGDUHQBJEPDGH H H H H H H H H
ÏEQD®JEQDH [¸H ¯©Y[¯H b»H ª¯Yª¸H ¯¸H ª[Ȳ»H »Y»ª´H »Y̧¯bH
­BMBPINEGH b¸H ¼»Y̧½H b¼H ´¼ÝbH ´ªH ´¸Y½»H H H
«DGCQEFHIBGRDRDQEGH H H H H H H H H
±BGREXH b´H ´ªȲ´H b©H ¼¯Y»ªH ´ªH ´¸Y½»H »Y½¼½H »Y¼¸bH
^BGBGCEXH [©H ª[Ȳ»H [´H ¯bY¼[H ¯ªH ¯¼Y©¼H H H
«DGCCDH bH ªȲ´H bH ªȲ´H ªH ªȲªH H H
­BQBMSEEGH H H H H H H H H
­¶¨H [´H ¯bY¼[H [¯H b¸Yb¼H b¸H ¯»Yª¯H [Y»¯ªH »Ý©¼H
¨OEUFEH ¯[H ¼½Ȳ©H ¯bH ¼©Ý½H ¼¯H ¼¸Yª¸H H H
­BJESEMH H »H [H bY[½H [H [Y»©H H H
`PNMH H H H H H H H H
Ū»HFXH ´H [»Y̧½H ªH ¸Y½»H ©H ©Y½¸H »Y[´´H »Y©b¼H
ª[ÐH¼»HFXH ¯»H ¼´YbbH ¯»H ¼´YbbH ¼»H ¼´YbbH H H
ļ[HFXH [[H b¯Y©[H [bH b¼Y»¸H b¯H b´Y»»H H H
¨FEFNUHCDLDHEOEJHZ°^«\H H H H H H H H H
ANMNUH bH ªȲ´H [H bY[¸H ¯H ¯Yb¼H bY»´¯H »Ȳ´¸H
¶VMPEJH ¯[H ¼½Ȳ©H ¯½H ¸»Yª¯H ¼¸H ½¯Y©[H
¬BPNQH [¯H b¸Yb¼H ¸H [½Ȳ©H b[H bbY̧¯H
FBMREIEFHIBMTBREEGHIMVIVMUDHQEMEQFBMDUFDQHUEPIBJYHTEDQHREMD UEQDFHNGFNQHUBPNEHLEFHCDLDHIEREHEUNXEGHCDLDH«¬^HHRDQEFEQEG
SBGDUHQBJEPDGYHFDGCQEFHIBGRDRDQEGYHIBQBMSEEGYHNPNMYHPENING TEDQYHQEMBGEHEUNIEGGKEHJBTDXHREMDḨ»¾HREGHGDJEDGKEHJBTDX
UFEFNUHCDLDHEOEJHZ°^«\] TBUEMHRDTEGRDGCHIEREHEUNXEGHCDLDHQVGaBGUDVGEJ]
²BMREUEMQEGHNSDHUFEFDUFDQYHIBMTBREEGHFBMUBTNFHXEGKE
#' -%&$"%& #$'()($,-& * +$"%+ #$'()( TBMPEQGEHIEREHEUNIEGHBGBMCDHREGHQEMTVXDRMEFHPEQEGEG
§EUDJHEGEJDUDUHEUNIEGHCDLDHUBJNMNXHUEPIBJHZ©bHVMEGC\ MNPEXHUEQDFHZIÅ»Y»´\YHUBREGCQEGHXEUDJHNSDHUFEFDUFDQHMEFE®
PBGNGSNQQEGHTEXOEHEREHIBMTBREEGHMEFE®MEFEHIBMUBGFEUB MEFEHIBMUBGFEUBHEUNIEGHCDLDHPEQEGEGHJNEMHMNPEXHUEQDFHFDREQ
EUNIEGHCDLDHFVFEJYHMNPEXHUEQDFYHREGHJNEMHMNPEXHUEQDFYHTEDQ PBGNGSNQQEGHXEUDJHTBMPEQGEHIEREHUBPNEHLEFHCDLDHZIÄ»Y»´\
NGFNQHBGBMCDYHIMVFBDGYHJBPEQYHPENINGHQEMTVXDRMEFHEGFEME Z0 4$É\]
UEPIBJHRBGCEGHEUNXEGHCDLDHQVGaBGUDVGEJHREGHUEPIBJ ¨EPIBJHRBGCEGHIBGKEQDFHÁ§·HUBTEGKEQH[¼HVMEGCHREG
RBGCEGHEUNXEGHCDLDH«¬^] KEGCHPBGCQVGUNPUDHPEQEGEGHJNEMHMNPEXHUEQDFHUBTEGKEQ
±EFE®MEFEHIBMUBGFEUBHEUNIEGHCDLDHFVFEJHREGHMNPEXHUEQDF ªHUEPIBJ]H`GFNQHUBPNEHLEFHCDLDYHMEFE®MEFEHEUNIEGHCDLD
UEPIBJHRBGCEGHEUNXEGHCDLDHQVGaBGUDVGEJHREGH«¬^HRDQEFEQEG FVFEJHREGHMNPEXHUEQDFHJBTDXHTBUEMHIEREHEUNXEGHCDLDH«¬^
TEDQYHQEMBGEHEUNIEGHCDLDHPBGWEIEDHĸ»¾HREMDHQBTNFNXEGHNGFNQ RDTEGRDGCHQVGaBGUDVGEJYHGEPNGHIBMTBREEGHFBMUBTNFHFDREQ
BGBMCDYHIMVFBDGYHREGHQEMTVXDRMEFYHFBFEIDHEUNIEGHJBPEQHRDQEFEQEG TBMPEQGEHUBWEMEHUFEFDUFDQHZIÄ»Y»´\]H±EFE®MEFEHIBMUBGFEUB
QNMEGCHTEDQHQEMBGEHEUNIEGGKEHPBGWEIEDHÄ[»»¾]H̀SDHUFEFDUFDQ EUNIEGHJNEMHMNPEXHUEQDFHJBTDXHQBWDJHREGHJBTDXHTEDQHIERE
KEGCHRDJEQNQEGHPBGNGSNQQEGHXEUDJHKEGCHTBMPEQGEHIERE UEPIBJHRBGCEGHEUNXEGHCDLDHQVGaBGUDVGEJHZÅb»¾\]
IBMTBREEGHEUNIEGHBGBMCDHFVFEJHUBMFEHEUNIEGHBGBMCDYHJBPEQY ¥EMDH[ªHUEPIBJHRBGCEGHIBGKEQDFḦ¶§YHUBTEGKEQH́
REGHQEMTVXDRMEFHPEQEGEGHREMDHMNPEXHUEQDFHZIÅ»Y»´\]H±EFE® UEPIBJHKEGCHPBGCQVGUNPUDHPEQEGEGHREMDHJNEMHMNPEX
MEFEHIBMUBGFEUBHEUNIEGHJNEMHMNPEXHUEQDFHNGFNQHBGBMCDHREG UEQDF]H±EFE®MEFEHIBMUBGFEUBHEUNIEGHFVFEJHUEPIBJHRBGCEG
QEMTVXDRMEFHFBMPEUNQHQEFBCVMDHQNMEGCHQEMBGEHJBTDXHREMDHb»¾] IBGKEQDFḦ¶§HNGFNQHUBPNEHSBGDUHLEFHCDLDHJBTDXHTBUEMHIERE
`SDHUFEFDUFDQHPBPTNQFDQEGHTEXOEHFDREQHUEFNHINGHMEFE®MEFE EUNXEGHCDLDHQVGaBGUDVGEJHRDTEGRDGCQEGHRBGCEGHEUNXEG
EUNIEGHCDLDHJNEMHMNPEXHUEQDFHPBGNGSNQQEGHXEUDJHKEGC CDLDH«¬^HREGHMEFE®MEFEHFBMUBTNFHFBMPEUNQHREJEPHQEFBCVMD
TBMPEQGEHZIÄ»Y»´\HZ04$Æ\] TEDQHZĸ»¾\]H̀GFNQHEUNIEGHMNPEXHUEQDFYHUEPIBJHRBGCEG
EUNXEGHCDLDH«¬^HEUNIEGGKEHJBTDXHTBUEMHREMDIERE
>"%+ #$'()($.#%-%,$! ,':-($Ç#("$+#È !(, QVGaBGUDVGEJYHGEPNGHXEJHDGDHIBMJNHRDOEUIEREDHQEMBGE
EUNIEGHJBPEQHJBTDXHREMDH[»»¾]H̀SDHUFEFDUFDQHKEGCHRDJEQNQEG
H¥EMDH´bHUEPIBJHRBGCEGHIBGKEQDFH¥^YHFBMREIEFH[´ PBGNGSNQQEGHXEUDJHKEGCHFDREQHTBMPEQGEHIEREHEUNIEG
UEPIBJHKEGCHPBGCQVGUNPUDHPEQEGEGHREMDHJNEMHMNPEX UBPNEHSBGDUHLEFHCDLDHZIÄ»Y»´\]H±EFE®MEFEHIBMUBGFEUB
UEQDF]H±EFE®MEFEHIBMUBGFEUBHEUNIEGHCDLDHFVFEJHREGHMNPEX EUNIEGHJNEMHMNPEXHUEQDFHUEPIBJHRBGCEGHEUNXEGHCDLDH«¬^
ª 8cdedfg8hdij4f7kdldk2lmikknodp
0>;<@$ÆÊ$5 ,Ñ-,$+-"#,"$"%+ #$'()($,:,Ò$-%. &$" !(,Ò$* #$% -$-%. &$" !(,$$
"& -($" .+$4-* " -! #$Ç#("$"%& #$'()($
$
Ë#("$"%& #$'()($
>"%+ #$'()($ 9:#Ì#"(:# $ 0-+($'()($.*("$ +Ó
$$$$”t{ÓÔ$68$ $$$$$$$$$$”t{ÓÔ$68$
«VFEJHH ZGHÖHª¼\H ZGHÖHª¼\H H
ÕGBMCDHZ¾\H ¸bݯH×Hb[Y©bH ©[Y½[H×HHbªY©»H »Y»ª½ØH
­MVFBDGHZ¾\H ¸½Y̧bH×Hb½Yb¼H ©bY[bH×HbªYª[H »Y[©»H
ÏBPEQHZ¾\H [»´Ý©H×HHb©Y©¼H [[[Y̧¯H×Hb¼Yª½H »Y[½bH
AEMTVXDRMEFHZ¾\H ¸¯Y©bH×HH̄¼Y[¼H ¸´Yª[H×H̄¼Y¼ªH »Yb©©H
±NPEXHUEQDFH ZGHÖHª¼\H ZGHÖHª¼\H H
ÕGBMCDHZ¾\H ½¼ÝbH×H[¸Y½©H ¸¼Y»¸HH×H[¸Yb½H »Y»[´ØH
­MVFBDGHZ¾\H ¸[Y©¯H×HbbY̧½H ¸¸Y©[HH×HHb»Yª¼H »Y[ª¯H
ÏBPEQHZ¾\H ©¸Y»¼H×Hb¯Y»½H [»¸Ý´H×HHbªYª[H »Y»¯½ØH
AEMTVXDRMEFHZ¾\H ½»Y¼bH×[©YbbH ½¸Y©[H×H[¸Y©½H »Y»ª»ØH
ÏNEMHMNPEXHUEQDFH ZGHÖH[¼\H ZGHÖH[b\H H
ÕGBMCDHZ¾\H [½Y©½H×H[[Ý»H b[Y©ªH×H[¸ȲbH »Yª¸½H
­MVFBDGHZ¾\H [¯Y̧»H×H̄Y̧¼H [¯Y½½H×H̄Y½»H »Y©©¼H
ÏBPEQHZ¾\H [½Y©´H×H¼Yb½H [bYbbH×HbY̧»H »Yª¼[H
AEMTVXDRMEFHZ¾\H ¯½ȲªH×H©Y»´H ¯´Yª¯H×[[ȲªH »Y̧©´H
ABFBMEGCEG¹H
ØH²BMPEQGEHZIÅ»Y»´\HH
JBTDXHQBWDJHREMDIEREHQVGaBGUDVGEJHREGHFBMPEUNQHREJEP EUNIEGHCDLDHUEPIBJHIEREHEUNXEGHCDLDH«¬^HKEGCHJBTDXHTBUEM
QEFBCVMDHTEDQHZÅb»¾\YHQBWNEJDHEUNIEGHQEMTVXDRMEFHKEGC FBMUBTNFHRDQEFEQEGHQNMEGCHTEDQYHQEMBGEHEUNIEGHUBPNEHLEF
PEUDXHRDHEFEUHb»¾] CDLDHJBTDXHREMDH[»»¾]H`GFNQHMEFE®MEFEHIBMUBGFEUBHEUNIEG
¨EPIBJHRBGCEGHIBGKEQDFH§«HUBTEGKEQH¼HVMEGCHREG CDLDHJNEMHMNPEXHUEQDFYHUEPIBJHIEREHEUNXEGHCDLDHQVGaBGUDVGEJ
KEGCHPBGCQVGUNPUDHPEQEGEGHREMDHJNEMHMNPEXHUEQDFHXEGKE EUNIEGGKEHJBTDXHTEDQHREMDIEREHEUNXEGHCDLDH«¬^]
¯HVMEGC]H±EFE®MEFEHIBMUBGFEUBHEUNIEGHCDLDHFVFEJHREGHMNPEX ¥EMDHªHUEPIBJHRBGCEGHIBGKEQDFH§§¥YHXEGKEH[HUEPIBJ
UEQDFHUEPIBJHRBGCEGHIBGKEQDFH§«HIEREHEUNXEGHCDLD KEGCHPBGCQVGUNPUDHPEQEGEGHJNEMHMNPEXHUEQDF]H±EFE®MEFE
QVGaBGUDVGEJHFBMPEUNQHQEFBCVMDHTEDQHZĸ»¾\HNGFNQHUBPNE IBMUBGFEUBHEUNIEGHCDLDHFVFEJHREGHMNPEXHUEQDFHJBTDXHTBUEM
SBGDUHLEFHCDLDYHGEPNGHMEFE®MEFEHFBMUBTNFHFDREQHJBTDXHTBUEM IEREHUEPIBJHRBGCEGHEUNXEGHCDLDHQVGaBGUDVGEJHREMDIERE
RDTEGRDGCQEGHIEREHEUNXEGHCDLDH«¬^]H±EFE®MEFEHIBMUBGFEUB EUNXEGHCDLDH«¬^]H­EREHEUNXEGHCDLDH«¬^YHEUNIEGHCDLDHFVFEJ
0>;<@$ÉÊ$5 ,Ñ-,$+-"#,"$"%+ #$'()($,:,Ò$-%. &$" !(,Ò$* #$% -$-%. &$" !(,$$
"& -($" .+$4-* " -! #$Ç#("$"%& #$'()($+ * $+#È !(,$82$
$
Ë#("$"%& #$'()($
>"%+ #$'()($ 9:#Ì#"(:# $ 0-+($'()($.*("$ +Ó
”t{ÓÔ$68$ ”t{ÓÔ$68$
«VFEJHH ZGHÖHb¼\H ZGHÖHb¼\H H
ÕGBMCDHZ¾\H ¸[Y[©H×HHbªȲ´H ¸½Y½[H×H[¼Yª»H »Yb¼¯H
­MVFBDGHZ¾\H ¸ªY»ªH×HHb½Y»bH ¸¸Y[ªH×H[½Y¼bH »Ýb[H
ÏBPEQHZ¾\H [»»Y½½H×HHb¼Ý¼H [»´Y©ªH×Hb»Y©¼H »Ý¯ªH
AEMTVXDRMEFHZ¾\H ¸bYb½H×HH̄ªY©[H ¸bY̧©HH×HH[½YªªH »Y½©¸H
±NPEXHUEQDFH ZGHÖHb¼\H ZGHÖHb¼\H H
ÕGBMCDHZ¾\H ½¯Y̧ªH×H[©Y©»H ¸ªYª´H×H[´Ȳ¯H »Y»¯¼ØH
­MVFBDGHZ¾\H ½¸Ȳ¸H×Hb¯Yb»H ¸¼Y»´H×H[½Yª½H »Y[¸´H
ÏBPEQHZ¾\H ©ªY»½H×Hb¯Yb¸H [»¯Y¼¼H×HHb»Ý¼H »Y[bbH
AEMTVXDRMEFHZ¾\H ¼¸Y[´H×H[©ȲbH ½©Y©¯HH×H[½Y¼bH »Y»b¼ØH
ÏNEMHMNPEXHUEQDFH ZGHÖH[»\H ZGHÖH́\H H
ÕGBMCDHZ¾\H [©Ý¯H×H[¯ȲbH [¼Y½¸H×H[»Y[[H »Y¼©bH
­MVFBDGHZ¾\H [[Yª»H×H[»Y¼¯H [»Y½¸H×H¼Y¼[H »Y©»½H
ÏBPEQHZ¾\H [¯ÝªH×H[»Y¼»H [[Y̧»H×ḨY©bH »Y½´©H
AEMTVXDRMEFHZ¾\H ¯¸Y»¼H×H[bݼH [´Y[¼H×H½Yb»H »Yb¯[H
ABFBMEGCEG¹H
ØH²BMPEQGEHZIÅ»Y»´\HH
 ˜jdcodkddkdodkn—ijkndk€jkijcdfdkfjpd€n—†jio‚ƒ7h„ ´
0>;<@$ÚÊ$5 ,Ñ-,$+-"#,"$"%+ #$'()($,:,Ò$-%. &$" !(,Ò$* #$% -$-%. &$" !(,$"& -($
" .+$4-* " -! #$Ç#("$"%& #$'()($$+ * $!"$+-Ù ,#$Æ$* #$É$
$
Ë#("$"%& #$'()($
>"%+ #$'()($ 9:#Ì#"(:# $ 0-+($'()($.*("$ +Ó
”t{ÓÔ$68$ ”t{ÓÔ$68$
«VFEJHH ZGHÖHb¼\H ZGHÖHb¼\H H
ÕGBMCDHZ¾\H ½´Ȳ©HH×H[¯Y©¸H ©bȲ¯HH×Hb¯YbªH »Y»»bØH
­MVFBDGHZ¾\H ½ªY©©HH×H[ªYbªH ©»Yª´HH×HbªY»»H »Y»»¼ØH
ÏBPEQHZ¾\H ©¼Yb©H×H[¸Yb©H [[¯Y[©H×HHb´YªªH »Y»»½ØH
AEMTVXDRMEFHZ¾\H ½ªY[bH×HHb½Yª[H ¸ªÝ[H×HH̄¼Y©©H »Ybª¼H
±NPEXHUEQDFH ZGHÖHb¼\H ZGHÖHb¼\H H
ÕGBMCDHZ¾\H ½[Yb©H×H[ªYb¸H ¸´Y[bH×H[¼ÝbH »Y»»bØH
­MVFBDGHZ¾\H ½bY©©H×H[ªY©[H ¸´Y̧©H×H[¸Yb[H »Y»»¼ØH
ÏBPEQHZ¾\H ©bY̧[H×H[¸Ȳ©H [»¸Y̧¸H×Hb¯Y¼¯H »Y»[bØH
AEMTVXDRMEFHZ¾\H ¼ªY[ªH×H[¯Y©»H ½¸Yª¸H×H[¸Yª´H »Y»»bØH
ÏNEMHMNPEXHUEQDFH ZGHÖḨ\H ZGHÖH½\H H
ÕGBMCDHZ¾\H [ªYª»H×H[bYª´H bbY½´H×H[½Y»[H »Yb©ªH
­MVFBDGHZ¾\H ¼Y½[H×H́Y̧ªH [¯Y¼[H×H[bYª[H »Y[¸bH
ÏBPEQHZ¾\H ½Y¼bH×H¼Yb»H [[Y»»H×H½Y½½H »Ȳ¼¼H
AEMTVXDRMEFHZ¾\H ¯¯Y̧´H×H[´Y½bH ¯ªY¼¼H×H̄¸Y[©H »Y©½[H
ABFBMEGCEG¹H
ØH²BMPEQGEHZIÅ»Y»´\HH
REGHMNPEXHUEQDFHFBMUBTNFHFBMPEUNQHREJEPHQEFBCVMDHQNMEGC IBMUBGFEUBHEUNIEGHCDLDHJNEMHMNPEXHUEQDFHJBTDXHTEDQHIERE
ZŸ»¾\YHUBREGCQEGHMEFE®MEFEHIBMUBGFEUBHEUNIEGHJNEMHMNPEX UEPIBJHRBGCEGHEUNXEGHCDLDH«¬^HRDTEGRDGCQEGHRBGCEG
UEQDFHUEPIBJHFBMPEUNQHREJEPHQEFBCVMDHTEDQHZÅb»¾\] EUNXEGHCDLDHQVGaBGUDVGEJYHGEPNGHIBMTBREEGHFBMUBTNFHFDREQ
TBMPEQGEHUBWEMEHUFEFDUFDQHZIÄ»Y»´\]
>"%+ #$'()($.#%-%,$! ,':-($!"$+-Ù ,#
¥EMDH́bHUEPIBJHQBJEUHIBMEOEFEGHbHREGH̄YHUBTEGKEQH[´ ;>?>6>=
UEPIBJHHPBGCQVGUNPUDHPEQEGEGHREMDHJNEMHMNPEXHUEQDF] §EUDJHEGEJDUDUHFBMXEREIHUEPIBJHUBWEMEHQBUBJNMNXEG
­EREHUEPIBJHQBJEUHIBMEOEFEGHbHREGH̄YHMEFE®MEFEHIBMUBGFEUB Z0 4$Æ\HPBGNGSNQQEGHHHIBMTBREEGHTBMPEQGEHUBWEME
EUNIEGHCDLDHFVFEJHREGHMNPEXHUEQDFHJBTDXHTEDQHIEREHUEPIBJ UFEFDUFDQHZIÅ»Y»´\HIEREHMEFE®MEFEHIBMUBGFEUBHEUNIEGHCDLDHFVFEJ
RBGCEGHEUNXEGHCDLDH«¬^HNGFNQHUBPNEHSBGDUHLEFHCDLD REGHMNPEXHUEQDFHEGFEMEHUEPIBJHRBGCEGHEUNXEGHCDLD
RDTEGRDGCQEGHRBGCEGHEUNXEGHCDLDHQVGaBGUDVGEJ]ḦBFBJEX QVGaBGUDVGEJHREGHEUNXEGHCDLDH«¬^]HḦEPIBJHRBGCEGHEUNXEG
RDJEQNQEGHNSDHUFEFDUFDQHEGFEMEHQBRNEHEUNXEGHCDLDYHFBMREIEF CDLDH«¬^HHEUNIEGHCDLDGKEHJBTDXHTEDQHNGFNQHUBPNEHLEFHCDLD
IBMTBREEGHTBMPEQGEHIEREHUBPNEHLEFHCDLDYHTEDQHNGFNQ ZBGBMCDYHIMVFBDGYHJBPEQYHREGHQEMTVXDRMEF\HRDTEGRDGCQEG
EUNIEGHCDLDHFVFEJHZBGBMCDYHIMVFBDGYHREGHJBPEQ\HPENING RBGCEGHEUNXEGHCDLDHQVGaBGUDVGEJ]
EUNIEGHMNPEXHUEQDFHZIÅ»Y»´\]H±EFE®MEFEHIBMUBGFEUBHEUNIEG ÏBTDXHTBUEMGKEHEUNIEGHCDLDHUEPIBJHRBGCEGH«¬^HRDTEGRDGC
CDLDHJNEMHMNPEXHUEQDFHJBTDXHTEDQHIEREHUEPIBJHRBGCEGHEUNXEG QVGaBGUDVGEJHDGDHRDUBTETQEGHVJBXHIBMJEQNEGHKEGCHTBMTBRE]H­ERE
CDLDHQVGaBGUDVGEJHRDTEGRDGCQEGHRBGCEGHEUNXEGHCDLDH«¬^Y EUNXEGHCDLDH«¬^YHEXJDHCDLDHEQFD¦HPBJEQNQEGHQVVMRDGEUDHRBGCEG
OEJENINGHMEFE®MEFEHEUNIEGHQEMTVXDRMEFHPEUDXHRDHEFEUHb»¾] RVQFBMYHIBMEOEFYHREGH¦EMPEUDHPNJEDHFEXEIHIBMBGWEGEEGYHDGFBMaBGUD
`SDHUFEFDUFDQHMEFE®MEFEHIBMUBGFEUBHEUNIEGHCDLDHJNEMHMNPEX TBMNIEHIBPTBMDEGHRDBFYHQVGUBJDGCYHUEPIEDHRBGCEGHPVGDFVMDGC
UEQDFHEGFEMEHQBRNEHEUNXEGHCDLDHPBGNGSNQQEGHXEUDJHKEGC RDBFYHUBREGCQEGHIEREHEUNXEGHCDLDHQVGaBGUDVGEJHEXJDHCDLDHTBQBMSE
FDREQHTBMPEQGEHZIÄ»Y»´\HZ0 4$Ú\] UBGRDMDYHFDREQHFNMNFHEQFD¦HIEREHQBCDEFEGH‡ofjHTBMUEPEYHREG
³NPJEXHUEPIBJ$QBJEUHIBMEOEFEGH[HREGH¿°­HEREJEXH̄¸ IBPTBMDEGHPEQEGEGHTBMREUEMQEGHUFÛGREMHRDBFHMNPEXHUEQDF]
VMEGCHREGH[¯HUEPIBJHRDHEGFEMEGKEHPBGCQVGUNPUDHPEQEGEG °GFBMaBGUDHIEREHEUNXEGHCDLDH«¬^HTBMNIEHIBPTBMDEGHPEQEGEG
REMDHJNEMHMNPEXHUEQDF]H±EFE®MEFEHIBMUBGFEUBHEUNIEGHCDLDHFV® RDXDFNGCHUBWEMEHDGRDaDRNEJHREGHQBCDEFEGH‡ofjHTBMUEPEHRDCNGEQEG
FEJHREGHMNPEXHUEQDFHUEPIBJHQBJEUHIBMEOEFEGH¿°­HREGH° NGFNQHPBPTBMDHPEUNQEGHFBGFEGCHXEUDJHBaEJNEUDHRDBFHVJBXHEXJD
FBMPEUNQHREJEPHQEFBCVMDHTEDQHZĸ»¾\HIEREHHQBRNEHSBGDU CDLDHQBIEREHUBJNMNXHEGCCVFEHFDPYHUBXDGCCEHTDJEHFBMSERDHPEUEJEX
EUNXEGHCDLDHNGFNQHUBPNEHLEFHCDLD]H±EFE®MEFEHIBMUBGFEUB UBCBMEHREIEFHRDIBWEXQEGHTBMUEPE]
FBMUBTNFHGDJEDGKEHJBTDXHQBWDJHIEREHEUNXEGHCDLDH«¬^HREMDIERE H§EJHDGDHUBUNEDHRBGCEGHXEUDJHIBGBJDFDEGHRDHMNPEXHUEQDFHRD
EUNXEGHCDLDHQVGaBGUDVGEJHREGHXEUDJHPBGNGSNQQEGHFDREQ _MCBGFDGEHKEGCHPBGKEFEQEGHTEXOEHEREGKEHDGFBMaBGUDHKEGC
TBMPEQGEHZIÄ»Y»´\HNGFNQHUBPNEHSBGDUHLEFHCDLD]H±EFE®MEFE FBIEFHZREJEPHXEJHDGDHDGFBMaBGUDHCDLD\HEQEGHPBGKBTETQEG
¼ 8cdedfg8hdij4f7kdldk2lmikknodp
IBGDGCQEFEGHDGRDQEFVMHQJDGDUHUBIBMFDHEUNIEGHCDLDHKEGC
PBGDGCQEFHZ¼\]H²BUEMGKEHEUNIEGHCDLDHPEQEGEGHMNPEXHUEQDF
PBMNIEQEGHUEJEXHUEFNHDGRDQEFVMHQBTBMXEUDJEGHDGFBMaBGUDHCDLD
KEGCHHRDTBMDQEGHZb\]H§EJHKEGCHIBMJNHRDIBMXEFDQEGHREJEP
IBJEQUEGEEGHEUNXEGHCDLDHEREJEXHIBMEGHEQFD¦HREGHQBMSEUEPE
REMDHPEUDGC®PEUDGCHEGCCVFEYHQEMBGEHXEJHDGDHREIEFHRDQEFEQEG
UBTECEDHUKEMEFHNFEPEHQBUNQUBUEGHPDUDHFDPHEUNXEGHCDLDHZ½\]
§EUDJHIBGBJDFDEGHFBMXEREIHEUNIEGHCDLDHJNEMHMNPEXHUEQDF
PBGNGSNQQEGHTEXOEHEUNIEGHIMVFBDGHREGHJBPEQHJNEMHMNPEX
UEQDFHIEREHEUNXEGHCDLDH«¬^HFBMPEUNQHREJEPHQEFBCVMDHTEDQ
ZÅb»¾\YHFBFEIDHEUNIEGHBGBMCDHREGHQEMTVXDRMEFHPEUDXHQNMEGC
ZÄb»¾\]H§EUDJHNSDHUFEFDUFDQHZ0 4$Æ\HPBGNGSNQQEGHTEXOE
IBMTBREEGHFBMUBTNFHFDREQHTBMPEQGEYHEMFDGKEHEUNXEGHCDLDH«¬^
FDREQHTBMIBGCEMNXHIEREHEUNIEGHCDLDHJNEMHMNPEXHUEQDF]H¥BGCEG
RBPDQDEGYHIEREHEUNXEGHCDLDH«¬^HPEUDXHIBMJNHRDFDGCQEFQEG
IBPTBMDEGHPVFDaEUDHECEMHIEUDBGHXEGKEHPBGCQVGUNPUD
PEQEGEGHREMDHMNPEXHUEQDFHUESEHPBJEJNDHQBCDEFEGHQVGUBJDGC]
¥DHUEPIDGCHDFNYHIBMJNHRDJEQNQEGHIBGDJEDEGHFBMXEREIHWDFEHMEUE
PEQEGEGHMNPEXHUEQDFHREGHSEROEJHIBPTBMDEGHPEQEGHECEM
OEQFNHFNGCCNHPEQEGHIEUDBGHFDREQHFBMJEJNHJEPEHZ¸\]
>"%+ #$'()($.#%-%,$! ,':-($Ç#("$+#È !(,
­BGBJDFDEGHIEREHIBGKEQDFH¥^HPBGNGSNQQEGHXEUDJHKEGC
TBMPEQGEHIEREHEUNIEGHCDLDHMNPEXHUEQDFHNGFNQHBGBMCDHREG
QEMTVXDRMEF]H§EJHDGDHPBPTNQFDQEGHTEXOEHEUNXEGHCDLDH«¬^
KEGCHRDJEQNQEGHUNREXHWNQNIHTEDQYHUBXDGCCEHPBGKBTETQEG
EUNIEGHCDLDHUEPIBJHRBGCEGHIBGKEQDFH¥^HUNREXHUBUNED
RBGCEGHIMDGUDIHRDBFGKE]H¶EPNGHRBPDQDEGYHEUNIEGHJBPEQ
KEGCHFDGCCDHIBMJNHRDOEUIEREDHQEMBGEHREIEFHPBGDGCQEFQEG
MDUDQVHFBMSERDGKEHQVPIJDQEUD]H¥DBFHMBGREXHJBPEQHREGHFDGCCD
QEMTVXDRMEFHEQEGHPBGCXEUDJQEGHIBMTEDQEGHIEREHFVJBMEGUD
CJNQVUEHZ©\]
`GFNQHIBGKEQDFHJEDGHZÁ§·YḦ¶§YH§«YHREGH§§¥\YHEUNXEG
CDLDH«¬^HFDREQHTBMIBGCEMNXHFBMXEREIHEUNIEGHCDLD]H­EREHUBPNE
SBGDUHIBGKEQDFYHMEFE®MEFEHIBMUBGFEUBHEUNIEGHJBPEQHFBMPEUNQ
REJEPHQEFBCVMDHQNMEGCHTEDQHZ[»»¾\]H§EJHDGDHPNGCQDGHRDUBTETQEG
VJBXHEREGKEHIBPTEFEUEGHIBPTBMDEGHGEFMDNPHIEREHRDBFHKEGC
RDTBMDQEGHKEGCHEQEGHTBMIBGCEMNXHFBMXEREIHWDFEHMEUEHPEQEGEG]
¥BGCEGHRBPDQDEGYHEUNXEGHCDLDH«¬^HIBMJNHRDJEQUEGEQEGHJBTDX
VIFDPEJHNGFNQHPBGCNUEXEQEGHECEMHEUNIEGHCDLDHPBGSERDHJBTDX
TEDQHRBGCEGHPBGDGCQEFQEGHIBPTBMDEGHPVFDaEUDHIEREHIEUDBG
NGFNQHPBGCXETDUQEGHPEQEGEGGKEHRBGCEGHPBPTBMDQEG
IBPEXEPEGHTEXOEHRDBFHPBMNIEQEGHTECDEGHREMDHFBMEID
IBGKBPTNXEGHIBGKEQDF]H¥DHUEPIDGCHDFNYHEUNIEGHJBPEQHKEGC
FDGCCDHSNCEHTBMFBGFEGCEGHRBGCEGHIMDGUDIHRDBFHIBGKEQDFHSEGFNGC
REGHIBPTNJNXHREMEXHZ[»\]
_REGKEHEUNIEGHJBPEQHKEGCHFDGCCDHIEREHUEPIBJHREMD
FDEIHSBGDUHIBGKEQDFHXEMNUHPBGSERDHIBMXEFDEGYHTNQEGHXEGKE
TECDHEGCCVFEHFDPHEUNXEGHCDLDYHFBFEIDHUBJNMNXHQVPIVGBGHKEGC
FBMJDTEFHREJEPHUDUFBPHIBJEKEGEGHCDLD]H§EJHDGDHRDQEMBGEQEG
QNMEGCHUBDPTEGCGKEHQVPIVUDUDHLEFHCDLDHREMDHPBGNHKEGC
RDUESDQEG]H­BGBJDFDEGHIEREHMNPEXHUEQDFHRDH¥BGPEMQ
PBGRNQNGCHXEJHFBMUBTNFHREGHPBGKEFEQEGHTEXOEHUEJEXHUEFN
XEPTEFEGHIEREHIBJEQUEGEEGHFBMEIDHCDLDHEREJEXHQNMEGCGKE
QNEJDFEUHREGHIDJDXEGHPBGNHZ[[\]
>"%+ #$'()($4-* " -! #$! ,':-($!"$+-Ù ,#
­EREHQBJEUHIBMEOEFEGH[HREGH¿°­YHMEFE®MEFEHIBMUBGFEUB
EUNIEGHCDLDHFVFEJHREGHMNPEXHUEQDFHNGFNQHUBPNEHSBGDUHLEF
CDLD$MBJEFD¦HFDREQHTBMTBREHEGFEMEHUEPIBJHIEREHEUNXEGHCDLD
QVGaBGUDVGEJHREGH«¬^]H`SDHUFEFDUFDQHFDREQHPBGNGSNQQEG
XEUDJHKEGCHTBMPEQGE]H§EJHDGDHPNGCQDGHRDUBTETQEGHPBGN
KEGCHRDUESDQEGHIEREHQBJEUHIBMEOEFEGH[HREGH¿°­HUNREX
PBPBGNXDHUBJBMEHIEUDBG]H§EJHDGDHFBMTNQFDHREMDHTNQEGHXEGKE
UEPIBJHRBGCEGHEUNXEGHCDLDH«¬^HUESEHKEGCHEUNIEGHCDLDGKE
TEDQYHUEPIBJHRBGCEGHEUNXEGHCDLDHQVGaBGUDVGEJHSNCEHEUNIEG
CDLDGKEHUNREXHTEDQHZĸ»¾\]ḦNEFNHIBGBJDFDEGHRDHMNPEXHUEQDF
PBGRNQNGCHXEJHFBMUBTNFYHKEDFNHQBINEUEGHIEUDBGHQBJEU
IBMEOEFEGH¿°­HEFEUHPEQEGEGHKEGCHRDUESDQEGHMBJEFD¦HJBTDX
TBUEMHRDTEGRDGCQEGHRBGCEGHIEUDBGHKEGCHRDMEOEFHIERE
QBJEUHIBMEOEFEGHRDHTEOEXGKEHZ[b\]
¥EMDHUBCDHQNEJDFEUYHPBGNHKEGCHRDUESDQEGHQBIEREHUEPIBJ
QBJEUHIBMEOEFEGHbHREGH̄HRDQEFEQEGHQNMEGCYHGEPNGHRBGCEG
EREGKEHEUNXEGHCDLDH«¬^YHUEPIBJHREIEFHPBGCXETDUQEG
PEQEGEGHKEGCHRDUESDQEGHJBTDXHTEGKEQ]H§EJHDGDHRDUBTETQEG
VJBXHIBGEGCEGEGHIEUDBGHKEGCHRDJEQNQEGHUBWEMEHFBMIERN
VJBXHFDPHREGHQVVMRDGEUDHRDHEGFEMEHEGCCVFEHZRDUDIJDGHDJPN\
KEGCHRDJEQNQEGHRBGCEGHTEDQYHUBXDGCCEHPEUEJEXHIEREHIEUDBG
REIEFHUBCBMEHRDQBFEXNDHIBGKBTETHREGHUVJNUDGKEYHFBMNFEPE
UEEFHRDJEQUEGEQEGH‡ofjHTBMUEPEHREGHIBMFBPNEGHPDGCCNEG
EGCCVFEHFDPHEUNXEGHCDLD]
¨BSEJEGHRBGCEGHIBGBJDFDEGHDGDYHUNEFNHIBGBJDFDEG
PBGCBGEDHDGFBMaBGUDHEUNXEGHCDLDHIEREHIEUDBGHMEOEFHDGEIHRD
MNPEXHUEQDFHRDH¥BGPEMQHPBGCXEUDJQEGHIBGDGCQEFEGHIERE
IBMUBGFEUBHEUNIEGHBGBMCDHREGHIMVFBDGHUBTBJNPHREGHUBFBJEX
DGFBMaBGUDYHKEDFNHREMDH½b¾HPBGSERDḨ´¾HNGFNQHIMVFBDGHREG
¸´¾HPBGSERDH[»¯¾HNGFNQHBGBMCDHZ[¯\]
¨BWEMEHQBUBJNMNXEGYHEUNIEGHCDLDHKEGCHTBMTBREHIERE
EUNXEGHCDLDHQVGaBGUDVGEJHREGH«¬^HFBMUBTNFHRDUBTETQEG
IBGCBJVJEEGHIEUDBGHMEOEFHDGEIHKEGCHRDJEQNQEGHUBWEME
PBGKBJNMNXHRBGCEGHPBPIBMXEFDQEGHUBFDEIHIBMNTEXEGHIERE
IEUDBGHUBWEMEHDGRDaDRNEJ]H­BGCBJVJEEGHIEUDBGHRDJEQNQEG
VJBXHFDPHEUNXEGHCDLDHKEGCHUBFDEIHEGCCVFEGKEHTBMIBMEG
EQFD¦HPBPTBMDQEGHDG¦VMPEUDHPBGCBGEDHBaEJNEUDHFBMXEREI
QVGRDUDHIEUDBGHREMDHTBTBMEIEHRDUDIJDGHDJPNYHUBIBMFD¹HPBRDUY
IBMEOEFEGYHCDLDYHREGH¦EMPEUDHKEGCHRDJEQNQEGHIEREHUEEF
‡ofjHTBMUEPEHUBFDEIHXEMDHREGHIEREHIBMFBPNEGHPDGCCNEG
RDHMNEGCHMEOEFHPEUDGC®PEUDGC]
§EJHKEGCHIBMJNHRDIBMXEFDQEGHREJEPHIBJEQUEGEEG
EUNXEGHCDLDHEREJEXHIBMEGHEQFD¦HREGHQBMSEUEPEHREMDHPEUDGC®
PEUDGCHEGCCVFE]H§EJHDGDHREIEFHRDQEFEQEGHPBGSERDHUKEMEF
NFEPEHQBUNQBUEGHPDUDHFDPHEUNXEGHCDLD]H­EREHIBJEQUEGEEG
EUNXEGHCDLDYHRDIBMJNQEGHIBGCBFEXNEGHREGHQBEXJDEGHQXNUNU
REJEPHTDREGCHCDLDYHQEMBGEHIMVUBUHHIBPTBMDEGHRDBFHIERE
 ˜jdcodkddkdodkn—ijkndk€jkijcdfdkfjpd€n—†jio‚ƒ7h„
IEUDBGYHIBGDJEDEGHUFEFNUHCDLDYHPBGKNUNGHMBGWEGEYHREG
PBGBGFNQEGHRDBFHKEGCHEQEGHRDTBMDQEGYHPBGWEFEF
QBPEPINEGHFVJBMEGUDYHREGHQVPIJDQEUDHKEGCHFDPTEJYHUBMFE
PBGBGFNQEGHTDJEHRDBFHXEMNUHRDEQXDMDHEFENHRDEJDXQEGHREJEP
TBGFNQHJEDGHPBMNIEQEGHIMVUBUHKEGCHQVPIJBQUHUBXDGCCE
RDIBMJNQEGHIBJEFDXEGHUBWEMEHFBMNU®PBGBMNUHZ½\]
¨NEFNHIBGBJDFDEGHRDHMNPEXHUEQDFHRDH¥BGPEMQ
PBGREIEFQEGHXEUDJHTEXOEHXEPTEFEGHIEREHIBPTBMDEGHRDBF
RDHEGFEMEGKE¹HPEUEJEXHCDLDHPEUDXHPBMNIEQEGHIMDVMDFEU
KEGCHMBGREXYHFDREQHEREHIMVUBRNMHFBFEIYHQNMEGCGKE
IBGCBFEXNEGYHQNMEGCGKEHQNEJDFEUHREGHIDJDXEGHPBGNHUBMFE
QNMEGCGKEHRNQNGCEGHREMDHPEGESBMHMNPEXHUEQDFHZ[¯\]
­BGBJDFDEGHJEDGHKEGCHSNCEHTBMJVQEUDHRDHMNPEXHUEQDFHRDH¥BG®
PEMQHPBGREIEFQEGHXEUDJHTEXOEHIMVUIBQHIBMTEDQEGHIBJEKEGEG
CDLDHEQEGHPBGDGCQEFHEIETDJEHPBJEQNQEGHXEJ®XEJHUBIBMFDHTBMDQNF
DGDYHEGFEMEHJEDG¹HPEGESBPBGHMNPEXHUEQDFHPBGBFEIQEGHXEJ
FBMUBTNFHUBTECEDHIMDVMDFEUHNFEPEYHPEUDGC®PEUDGCHIMV¦BUD
PBPINGKEDHOEQFNHKEGCHWNQNIYHPVGDFVMHREGHBaEJNEUDHRDSEJEGQEG
FBMXEREIHEJNMHPEQEGEGHQBUBJNMNXEGHREMDHREINMHQBHIEUDBGHRD
FDGCQEFHIBGKBJBGCCEMEHPEQEGEGYHUBREGCQEGHIEREHFDGCQEF
IEUDBGHIBMTEDQEGHIBJEKEGEGHCDLDHEQEGHPBGDGCQEFHSDQEHEQUBU
RDEJVCHRBGCEGHIBFNCEUHMNEGCHMEOEFHTBMJEGCUNGCHRBGCEGHTEDQ
REGHIEUDBGHREIEFHPBGBMDPEHDG¦VMPEUDHPBGCBGEDHIDJDXEG
PEQEGEGHREGHPDGNPEGHZ[ª\]
9<6Â27@>=$8>=$6>5>=
H¨BWEMEHQBUBJNMNXEGYHMEFE®MEFEHEUNIEGHCDLDHUEPIBJ
UBXEMÜHRBGCEGHEUNXEGHCDLDH«¬^HJBTDXHTEDQHRDTEGRDGCQEG
UEPIBJHRBGCEGHEUNXEGHCDLDHQVGaBGUDVGEJHREGHXEJHDGD
TBMPEQGEHUBWEMEHUFEFDUFDQ]H²BMREUEMQEGHQEFBCVMDHSBGDU
IBGKEQDFHREGHQBJEUHIBMEOEFEGYHXEGKEHMEFE®MEFEHEUNIEG
UEPIBJHRBGCEGHIBGKEQDFH¥^HUBMFEHUEPIBJHIEREHQBJEU
IBMEOEFEGHbHREGH̄HKEGCHPBGNGSNQQEGHXEUDJHTBMPEQGE]
¨EMEGHKEGCHREIEFHRDTBMDQEGHEREJEXHEUNXEGHCDLDHRBGCEG
IBGRBQEFEGH«¬^HIBMJNHRDJEQUEGEQEGHRDH±¨`¥HAVFEH²BQEUD
UBTECEDHNIEKEHPBGDGCQEFQEGHPNFNHIBJEKEGEGHCDLDY
QXNUNUGKEHIBJEKEGEGHIEUDBGHMEOEFHDGEI]H_CEMHREIEFHRDJEQNQEG
UBWEMEHVIFDPEJYHUBTEDQGKEHRDJEQNQEGHIBMTEDQEGHNGFNQ
PBGCEFEUDHTBTBMEIEHQBQNMEGCEGHKEGCHRDFBPNDHIERE
IBJEQUEGEEGH«¬^YHEGFEMEHJEDGHMBVMCEGDUEUDHFDPHEUNXEGHCDLD
IEREHQVPIVGBGHUDUFBPHEUNXEGHCDLDHUBWEMEHQBUBJNMNXEGHREG
57Ë79>=
[] ¥BIEMFBPBGHABUBXEFEGH±°]H²NQNH­BRVPEG
­BJEKEGEGH¬DLDH±NPEXḦEQDF]HH³EQEMFE¹H¥BIEMFBPBG
ABUBXEFEGH±°ÞH[©©[]
b] ¥BIEMFBPBGHABUBXEFEGH±°]H­BRVPEGH­BJEKEGEGH¬DLD
±NPEXH¨EQDF]H³EQEMFE¹H¥BIEMFBPBGHABUBXEFEGH±°Þ
b»»¯]
¯] °GRMEMFDH^]H«BMEIDH¬DLDH^BRDUHUBTECEDH^VRBJHREJEP
_UNXEGH¬DLD]H¶EUQEXHÏBGCQEIHpfgpojH_UNXEG
½
IBGDGCQEFEGHPNFNHUNPTBMHREKEHPEGNUDEHZ̈¥^\YHTEDQHRBGCEG
WEMEHQNMUNUHIBGKBCEMHEUNXEGHCDLDH«¬^HPENINGHQNMUNU
IBGCBPTEGCEGHPBGNHTECDHIBGKEQDFHFBMFBGFN]H§EJHDGDHRDJEQNQEG
UBTECEDHNIEKEHNGFNQHPBGDGCQEFQEGHQBPEPINEGHREJEP
PBGCBJVJEHEUNXEGHCDLDHIEUDBGHRBGCEGHTBMTECEDHIBGKEQDFHZFDREQ
XEGKEH¥^\HUBMFEHPBGDGCQEFQEGHPNFNHPEQEGEGHIEUDBGHKEGC
UEEFHDGDHPEUDXHFDGCCDHIEREHQEGRNGCEGHJBPEQ]
­EREHQVPIVGBGHIMVUBUYHIBMJNHRDJEQNQEGHIBGDGCQEFEG
FBMXEREIHQBCDEFEGHDGFBMaBGUDHIEREH«¬^HTBMNIEHIBPTBMDEG
RDBFHREGHQVGUBJDGCHCDLDHECEMHREIEFHPBPDGDPEJQEGHEUNIEG
CDLDHJNEMHMNPEXHUEQDFHRBGCEGHWEME¹HPBGDGCQEFQEGHIBPTBMDEG
PVFDaEUDHQBIEREHIEUDBGHECEMHREIEFHPBPEXEPDHIBGFDGCGKE
FBMEIDHRDBFHTECDHQBUBPTNXEGHIBGKEQDFYHPBGDGCQEFQEG
QVVMRDGEUDHRBGCEGHTECDEGHIMVRNQUDHPEQEGEGHNGFNQ
PBGDGCQEFQEGHQNEJDFEUHPBGNYHPBGDGSENHQBPTEJDHSEROEJ
IBPTBMDEGHPEQEGHECEMHFDREQHFBMSERDHSEMEQHOEQFNHPEQEGHKEGC
FBMJEJNHRBQEFHEFENHSENXYHREGHPBGDGCQEFQEGHQBCDEFEGH†kj‡
ECEMHIEUDBGHRBGCEGHQVGRDUDHFBMFBGFNHWBIEFHRDFEGCEGDYHPDUEJGKE
EREGKEHPEQEGEGHIBGCCEGFDHNGFNQHPEQEGEGHIEGFEGCEG]
¥DHUEPIDGCHDFNYHIBMJNHRDJEQNQEGHINJEHIBGDGSENEGHQBPTEJD
IMVUBRNMHFBFEIHIBJEKEGEGHCDLDHMEOEFHDGEIHKEGCHUNREXHERE]
¥BGCEGHPBPIBMFDPTEGCQEGHFBMTEFEUGKEHSNPJEXḦ¥^HZEXJD
CDLD\HKEGCHEREHUEEFHDGDYHUBTECEDHJEGCQEXHEOEJHQBCDEFEGH«¬^
RDIMDVMDFEUQEGHNGFNQHIEUDBGHIEREHQBJEUHIBMEOEFEGH[HREG
¿°­HREGHNGFNQHIEUDBGHKEGCHPBPBMJNQEGHRDBFHQXNUNUHIERE
QBJEUHIBMEOEFEGHbHREGH̄]
`GFNQHIBGBJDFDEGHUBJEGSNFGKEHRDUEMEGQEGHNGFNQHRDJEQNQEG
IBGBJDFDEGHFBMXEREIHIBJEQUEGEEGH«¬^HIEREHIBGKEQDFHJEDG
RBGCEGHPBGCEGEJDUDUH¦EQFVM®¦EQFVMHJEDGHKEGCHPBPIBGCEMNXD
EUNIEGHCDLDHREGHJEPEHMEOEFHDGEIYHUBIBMFD¹HQNEJDFEUHPBGNY
SBGDUHFBMEIDHHREGHFDGCQEFHQBIEMEXEGHIBGKEQDF]
7Ý + #$,-(. $! "(&
H­BGNJDUHPBGCNWEIQEGHFBMDPEHQEUDXHQBIEREH¥DMBQFNM
±¨`¥HAVFEH²BQEUDHEFEUHDSDGHKEGCHFBJEXHRDTBMDQEGHNGFNQ
PBJEQNQEGHIBGBJDFDEGHRDH±¨`¥HAVFEH²BQEUDYHQBIEREHIEME
IBFNCEUHIBGCNPINJHREFEYHUBMFEHUBPNEHIDXEQHEFEUHUBCEJE
RNQNGCEGHREGHTEGFNEGHKEGCHFBJEXHRDTBMDQEGHUBSEQHIBMUDEIEG
UEPIEDHRBGCEGHIBGCNPINJEGHREFE]H̀WEIEGHFBMDPEHQEUDX
SNCEHRDUEPIEDQEGHQBIEREHUBJNMNXHIEUDBGHKEGCHFBJEXHTBMUBRDE
PBGSERDHUEPIBJHIEREHIBGBJDFDEGHDGD]
¬DLDH±NPEXH¨EQDFH­MVCMEPH¨FNRDH°A^H·A®`¬^ÞH¯[
^EMBF®bH_IMDJHb»»´ÞHµVCKEQEMFEYH°GRVGBUDE]
ª] ßEUIERSDḦ]H¥DBFBFDQHREGH­BJEKEGEGH^BRDU¹H«EGFEGCEG
REGHßEWEGEH^NFEQXDMHREJEPH^BGCXEREIDHÕME
¬JVTEJDUEUD]H¥EJEP¹H­BMUECD]H­MVUDRDGCHAVGEUH­BMUECDÞ
b»»bÞH³EQEMFEYH°GRVGBUDE]
´] ÏBPBUXVOḦYH§VUPBMH¥YHAJEMH³]H[©©»]H_RBàNEWKHV¦
¨EPIJBḦDLBHDGH§BEJFXḦFNRDBU]HZ«BMSBPEXEG\H­MEPVGV
¥]HµVCKEQEMFE¹H̀¬^H­MBUUÞH[©©½]
¸ 8cdedfg8hdij4f7kdldk2lmikknodp
¼] ßKULKGUQDH¥YHÁMDaBJJDH_YHÕUàNBMMVḦYH±VRMDCNBUH_]H_U®
UBUUPBGFHV¦H¶NFMDFDVGEJḦFEFNUHDGH_H­VINJEFDVGHV¦H±B®
WBGFJKH§VUIDFEJDLBRH­EFDBGFU]H^BRDWDGEH[©©½Þ́¸¹́[н]
½] ¥DGEMFVH^]H«DPH¶NFMDUD]HH^ESEJEXH¬DLDH^BRDQH°GRVGBUDE
b»»bÞ[Z[\¹½®©]
¸] ^NQMDBH_¶]H^EGESBPBGH­BJEKEGEGH°GUFDFNUDH¥EUEM]
³EQEMFE¹H¥BIEMFBPBGHABUBXEFEGH±°ÞH[©©»]
©] ·MEGLH^³]H^BRDWEJH¶NFMDFDVGH«XBMEIKH¦VMH¥DETBFBUH^BJ®
JDFNUHEGRH§KIVCJKWBPDEHV¦H¶VGRDETBFDWHáMDCDG¹
AMENUBâUH·VVRYH¶NFMDFDVGYHãH¥DBFH«XBMEIK]H`¨_¹
ÕJUBaDBMÞHb»»ª]
[»]^VMCEGH¨ÏYH¶BOFVGHÏÕ]HH«XBMEIBNFDWH¥DBFU¹H§EGR®
TVVQHV¦HÁJDGDWEJH¶NFMDFDVG]H­XDJERBJIXDE¹H^VUTKH°GWÞ
b»»¼]
[[]±EUPNUUBGH§YHAVGRMNIH³YH¨FENGH^YHÏERB¦VCBRHAY
ÏDGRVM¦¦HAYH³VMCBGUBGHÏYHBFHEJ]H_H^BFXVRH¦VMH°PIJBPBG®
FEFDVGHV¦H¶NFMDFDVGEJH«XBMEIKHDGH§VUIDFEJU]HHÁJDGH¶NFM
b»»¼Þb´Z¯\¹́[´®b¯]
[b]_JPEFUDBMH¨]H­BJEKEGEGH¬DLDH±NPEXH¨EQDFHREG
­BMQBPTEGCEGH°JPNHUBMFEH«BQGVJVCD]H¬DLDH°GRVGBUDE
[©©bÞä¿°°°Z[®b\¹©½®[»ª]
[¯]ÏEUUBGHAáYHAMNUBH·YH²SBMMNPH^YH³BGUBGHÏYH§BMPEGUBG
A]H¶NFMDFDVGEJHÁEMBHV¦H¥EGDUXH^BRDWEJH°GIEFDBGU¹HÕ¦¦BWF
VGH¥DBFEMKH°GFEQBHEGRH«XBHáWWNIEFDVGEJH¬MVNIUH­BM®
UIBWFDaBUHV¦H°GFBMaBGFDVG]H¶NFMH³Hb»»ªÞ̄¹[®[¯]
[ª]ÏEUUBGHAáYHáJUBGH³YH¬MDRBMUJBaHÕYHAMNUBH·YH²SBMMNP
^]H¶NFMDFDVGEJHÁEMBHV¦H^BRDWEJH°GIEFDBGF¹H_H§BEJFXH«BWX®
GVJVCKH_UUBUUPBGF]H²^ÁHb»»¼Þ¼Z½\¹[®[b]