!

"#
!$%&#'($()*(+#,$"#
!'-.,(+./#0%$&#!'-.,(&#1'2'3$%4#,$"#
#

#
567.8#69+#:;&#<'($()=#:>?@#A#&/B:'-.8#C1(/+%.(+/@D#
#
EFGHI7J8#:(K2#1/L;&#M8C1B$(G(N#:/O+$(.#
P:($/#,/.$(;&#$Q(%&=/.R#EB?/SC=9&#
!+&/'(*#02&&/#
5T78#$UV8#C1(B>#A#&$/K/@D#
#
,8C1B$(>W#M8C1B$(G(N#EB?(@#X+RL:R#
!E%Q(1/7&(0R#.Y#!&'R#
Z[\]^"#_`]ab\`\cdeffghi\bffYjf[#
#
#
#
#
!+&/'(*#02&&/########################

kY#.8#E1/#lH+8#JB8#:;%&#.$7(#mBQ%$&/,8##
####2':m&(#=;&0(8#:m&(#1n='(H'P+"#P:+8"#
#
C1(B># o# %:&-.F?# 2'8$pmJm# .U1/H&:RW# 1(n='(H'# l.$HF&#
<+UL/+:RW# C1(/+1/'(qrstR# <@7LH&/@# 6>?:RW# X&@# l=(N+R# A#
<21r21qt#C1(/+C1B$(F?#,(R#:4-J./%LRY##
#
uY#0Q#&N$=(v8#C0w%'"#08$;H(/&#*.H&/&(8#
####E)m'Q#$x8#:;%&#,/H+8#Eyz(&#,/m'Q(8##
#
C1(B># o# <;&# 67./UJ# M;&# :F.+/@# ,RF$# C=9+7(8# MRV#
C1(/+C1B$({tR# M2%1(I8# l%7(=FG# C=91:>W# EB># MR1%&# :r:8#
C.(|t%&(# MRp81r# 6>?:>W# ER1/R# $/J&/+(@# &|tFG# MR1F&%+##
EL/+(&:>W# C1(/+C1B$({mJ# }UL:?(.# <B21:># o# <21r21qt#
!'-.,(S=/+(F'#,(R#:4-J./%LRY#
#
~Y#:;%&#F:J|qt#%0,(,+8##
############%&:8#0•H':&v#0.8##
####+H#%:H'#=/.'#P1;%&#
############:/S:8#}&H#€+:PH&/&8###
#
C1(B># o# +(BFt+# F.+/@# 6>?# 1/'81/R# )G/# EF=:F&m# .|•# <;&# 67.8#
<+-J./L%&(W#+((/t8#<;&#67.8#.q•21q•#6>?%&(W#+(N#‚B:N#0•H':&/#
MR1:{mJm# .4:%G(W# C1(/+C1B$(?/R# %=FGmJH# &F7:'(.# 6>?:N#
+(%'(#A#E21r21qt#:/ƒ:m%=GF'#,(R#:4-J./%LRY#
#
„Y#+P+#0('P:&8#P%'(%&(#:J?(%$(&#:(…&8##
####SB&v,8#:/S'$(+(78#=t((/8#&X1(P$%Q#
#
C1(B>#o
C1(B># o#E:BFt+#&/B%$G/#$q•8#E@7(IW#E:'I#:(m./R#T78#C:?/:B8#
C=(U.?/†8# $./K8‡# $48# ˆ‰;I>?IY# EH&F.+# E:'I# :(m.(GI# C:>?8##
%1(RV# Šr# :'W# E&/@# %:&-.># &-.># .F?2F1# lUL/m# C.(>./RLGY#
<21r21qt#,8$(‰:(F'#,(8#61(…2%1(8Y#
#
#




!+&/'(*#02&&/########################

‹Y#,(%&,#X,/,(#%&,#1%:+8#,(&:(,Q8##
####+P+#F,.$/.8#&HH:8#QP&($7.&(8#.&8##
#
C1(B>#
C1(B> o# %:&-.?/@# C1(&/;I>?# 6|F$.># EFGHI8# E:(/t8# 6>?-F.#
C,@Œm.G/# %1(RV# C&?/:(.# ,/UJ8# ,/F7# C1ULIY# E21r21qt# ,(&XG/.>#
T78#,(R#6+N;&#&F7:F'#6Ft+:R#l%:RY#
#
#•Y#,$P+(8#E':/;&(Ž8#,(&#1(%:#€+:PH&/&8##
#####•H&#0HH:#$+8#C0w%'"#E:&('8#<:#E1'8#
#
C1(B># o#,(&XG/.?/R#=/;&FG.?/@#M2%1(I8#&GI#$GF&#,/F7,/VH&/+:NW#
•9F$+(.# 6>?# 0H:# J48# $q•%$# C.(|t:NW# mBƒ4G/R# $UVC$(B##
E:&('8# %1(RV# 6>?:N# o# <21r21qt# 69+mC.(|t(F'# ,(R#
:4-J./%LRY###
#
‘Y#E)y*/&#Ž$(#%+(.8#E’|+*,#1(&.8##
####EP2Bƒt#$&'(.8#&8#'($8#IN+8#61(P$%Q#
#
C1(B># A# C1(VF$W# $G# Etm.8# l./+:UFL# M2%1(I8# F.:/t(&:N“#
Er+(N.{mJ# M;&:/&$(G# &v-F.s8# M|4(&:N“# M€:/&# C=BmJW# lF=#
EUL:N# o# <21r21qt# &RF$+(@# ,(R.(:I# <'($R# MR%L# %1(UL21•8#
$4m.(@,81/F+# ,(8# 61(…2%1(8# 5TRV# <'($R# ”# 1'•'($RW# C.w0F7#
<'($RW#17'($RDY#
#
•Y#:/.(%Q#+(X,8#&vNH&8#0(I#2B;&(:%,#PH&/&8##
####,/'P&#*/3$.#P1N%=#+H'#mBƒ4"#mB&(&'"#
#
C1(B># o# 67.H&/@# $/.–8# 6+N;&# <t$(G# 2B;&(:GH&/@# 6>?# +XFG#
,&/+/t8# $/.–8# ER’tR# mBƒ4R# <B;&(RY# E;&# ,v(/@# <B;I# .(?/+FG#
E€:/tHF&# :/q•# :/7m./G(RY# <;&# +XFG# ,&/# %1(R%L# Er+(N.F?2#
.(21(UL–8W# &v+# ’H&/.F?# :/7m.–8# # 6V&/sFt:N# l?:;&(N# l:(NY# 5<-J#
S%7(.H&/@#6>?#+(X,8#MR1I#+XFG#$UV8#+XG(S=(N+N#MRL#l?:;&(N#
l./+#<B:F's8#JL/mJ8D#E21r21qt##E:(/t8#,(R#l‰;I#6>%?RY##
#
#





!+&/'(*#02&&/########################

—Y#&+(##,/m,8#+&v;H'P+#%&=/.8#‡N4$(S'%+#
####%+,#:/S:#PB%*(#:/ƒ%4("#E‡N+&#$%,('&"#
#
C1(B># o# <;&# 67F.2# 1FtH&# C1(/+C1B$(?/R# $G:/B218# <:'(@#
,/FL%:L/+I#5<&FG#1/RGN#:/?mJ%:(8DY#+&/.?/R#,(&G(./+#<'($p*(/R#
ER’mJ# :=21qt# l=(N+'(G# C1(/+,81/F+# ,(R# EFt%:G(.#
5C1(/+C1B$(?/R# $G# :/B21$(GI# o# <'($()*N# T7$(.# F:4:8# # &FKm.#
%:|•8# MR1&(J8Y# E&G(@# <'($()*BmJ# C1(/+,81/# T7$(.# 1n=#
08P.('8#C=9:/H&(R#MRV#.BHIDY#
#
k˜#2'4($8##7™$4#X,/"#2'&/mB34(I#$($.8##
#####2'0(&+&/#+H0•m&/"#P:(&v,#1&/.(8#SB&/8##
#
C1(B># o# <'($()*(/R# 6+N;&# m';&# š@.># C1(/+C1B$(F?%+# &R#
:=21•H&/m# C.(|tF:# lJ8Y# E;&# š@.># 61,/OHIm.># MRp8#
%:&(;&-.{mJ# MK/@# %=N21F:# lJ8Y# E21r21qt# <'($()*XG/# MGI#
14/:(G#:4m.HF&#}UVW#MGmJ#EB>#’(/+%:|•8Y###
#
kkY#61›&/,8#œNH:#’|q':;&8##
##############H(/*.H#’|+#178#H(/&|t##QP&8##
######='4(.&#0(NH&#:(Q8#•%t##
#############=/.+(#%=.(/48#1&/8#+&v,(8###
#
C1(B># A# +y%z(1›&HF&H# &(/H&:N# 5‡ž@DW# C,UL/+/@# EK.(.# œNH:#
’|q'8##&(/H&:NW#<;&#TRV#67.-.?/R#’|4/+17R#.('4$(.#E:&(/HI##
E&FG# 64NH&# F..?/@# H(/&|t8# F:H&/B21:NW# &RG/t8# ='48# MRV#
:;&:N.F?# =(/+(G# :K/+/@# :K/# ,tHI1:NW# %,NH&/+(G# =/F.# 5J•$/D# T78#
EKJFt+:NW#0;;+(….?/R#&F7:'(.#6>?:N#o#<21r21qt#<'($()*F'#
,(R#:4-J./%LRY##
#
kuY#2'&+;#:/$%&OŸ#&v™4#1(:8##
##############2'’"#EP$H#1(/'Ž%4#+&v;H'"#
######E2B&m#2'&/1;,#+;$+HF:"#
##############:€B%&#1n=1/#lsF&"#X'(%'#
#





!+&/'(*#02&&/########################

C1(B># o# 1.:(G/R# ;I# ls&-.?(G# =-JW# =m.'8W# .F&W# :(># $UV8# :/@##
l./+# EFGHI8# <'($(p*'(.# :r:8# C.(|•# <;&# 67./UJ# :;&GY#
%:&-.F?# M&/NmJ8# $&H&/G(/t8# &GI# C.(r+# &RF$F+# .(|1/HI# :(&8#
C=9s8#<'($()*NW#,8F$s8#.(21(UV:&/@#:@7:N#l:(NY#
#
k~Y#=$/&#6&+#=-.'(&/#.N:"#
#############P:#17(H#6HHB&#+(&:#2'.(="#
######E:%'(1/&:(;#SB%&"#E1(NH&(;#
#############,)#'($#E:'*"#0#}O#‡+"#
#
C1(B># o# 1(4•'# sH&H&/R%1(I# =/:C1B$(FGm# .|4R# C:RL(R# 5<I#
%1(RV# EHF:&/.?/R# :(&-.F?# <'($()=N# C:RL(NDY# +(&:N.?/R#
C1BF$F+#mBƒ4R#%$81•H&/G(R#5+(&:2'.(=F'#,@:K/21•H&/#E:BmJ#
C1BF$#E?/H&(N#<'($()=NDY#EN*ŸGR#%&N#XR’#,/RVW#E:GI#M&/(/.F?m#
mBƒ4R# C:RL(R# 5%:&H&/R# XR1(.# ,/RV# <'($()=NW# %:&-.># ¡V:F&##
$V21:N.F?# C:RL(NDY# 17'($G/R# &81/+(./+# <'($()=R# MRL# mBƒ4R#
$v|•8#<'($()='(.#E:&(/H&(%G(¢#
#
k„Y#E1QŸSB&#081:8#SB&v,(8##
###*'&v,(8#E+&(+&#2'=('8##
######:/,/:NH&+/I8#+&/#•S:'#6m&/"#
##### ###:/&%&#&("#PH&/'#,v&/#1n*'#PH&("##
#
C1(B># o# M@F7+UL# .(7$(.# <B;I# :B8# 61,/OH# ¡V8# :(/.{mJ# l‰;&##
.@:/# <@7(&:N.>W# %,NF$+UL# XFL+/@# 6F'.># C=9&GNY# <21r21qt#
:(&-.F?# ‚K/HIW# $/J;&# :ŒF$+(G# M&/N:(&8# MRp8# ¡|r@#
61,/OHIm.?(./+#./?/+(GIW#<'($()=(/R#1(ƒ+-.?(@#1(I.(m.21qtIY#
#
k‹Y#EX,(#&1,#E&/=(+/#‡8,(#
###+&/'(%*,#,/1H&#,(+.#!"#
######$Q&v#JB#1-m&/#Q('#+ƒr"#
##### ###:/’&(,(8#3B&+-.$(#:/1(&/#
#
C1(B>#o
C1(B># o#<'($()=(/R#%&*P#MR1I#ˆ(/+FG:/t#%$81qt#‚?/#6Ft+&(J8Y#
,RJ# 1rH&:N.># &-.># $(N1/@# M2%1(I8# l=(N+# 1'81F'# MRp8# <'H&/G#





!+&/'(*#02&&/########################

$(F7F+# 5$(G=v.$(.D# E4/;&/B21(N.>Y# E;&# $(F7+/R# ,•,(+.$(.#
<'($()=N#6>?(NY#
#
k•Y#E£,#1ŽP+#+&/#Ž$(2B&"#
###:/1(&/#:8%=#Q(/&HH:8#EŽ&8##
#######+H#6H1:("#0ŸH&#0Ÿ€BH&#=v&?("#
## ###1:;&/#XH&(:?/#‡O48#’:"#
#
C1(B># o# +&/'(*N# MRV# %1(UL21•8# <'($()=(/R# …H&(;&-.># EFGHI8W#
E;&# …H&(;&-.F?# M&/NHI# ›|:(&8# C=9+# <+7(&1r# 6>?GY# E:N#
}U1•H&/+# 1'81F'+/@# !Q(/+/R# 6|F$+(G# &RF$W# =/L/I8# JFL:/RL/#
6>?IY# <;&2# 1'81F'+/@# 6>?:N.># A# •9F$+(G:N.?(.W# =/L;&# ‚¤m.8#
6>?:N.?(.W# •+# M|48# C.(|t:N.?(.W# <;&# 67F.# :/q•m# ./?81/#
1'$1&8# C=RL(†8# E-J# 6>?:N.?/R# :(/F=+/@# XHI# %1(RV# ‚?/#
6>?:N.?(.#<B21(N.>Y#
#
k‘Y#E,1(+#:/ƒ¥1&#08S'+8#1%*#
###.7+(#.+(#E1/#.7+(#E1/#E)y*/&8##
######E.?-.#%+(.8#E*t(=+#6&/&8##
#### ###+&/'(*#=;H'8#61'(.#•'.8##
#
C1(B># o# EK/:UL# 1.:(G/R# &/B:r.F?# M2%1(I8# 1UL/+1r# 6>?:N“#
M;&:/&$(G# :/HF+# T7X8# =/L/I8# F.:/t(&1r# 6>?:N“# M;&:/&$(G#
%&(OH&(†8#&v|t21t($@#6>?:N“# TtN.>#$G&/@#,/F7C1L($@#6>?:N“#
67.# :/O+-.># $vI# 6>?# lF=mJ# E21(@# 6>?:N“# &RFG#
E|r+:N.?/t8#=;&/'R#%1(RV#J?/N;I#6>?:N#o#<21r21qt#<'($()=F'#
,(R#EFt./%LRY#
###
k•Y#E1/.8+#08+.,.("#0Ÿ%$&0"#
##+&/#=m':NH&/#1&#1H$#1H&,8##
######Q(/#1m&#&(P+#'….("#1'P1'8##
##m'+#:/m'+(NQ#&=+(#0$/;&%&#
#
C1(B># o# <'($()=(/R# &/B:r.># ‚21/@7(&# ‚B# ,.'8# %1(RV# 6>?IY# E;&#
,.'HF&# E|•1:N.># $/.–8# =/L;&# z(G8# ./qt2# C1V./RLGNY# &-.>#
1(:-.># EFGHI8# ,v-.2# C1V./RLGNY# Er+N.{mJH# C&(|•# C=9:&/@#





!+&/'(*#02&&/########################

<R18# C1V8# ,/F7# EFt./RLGNY# 6+N;&:UFL# :(-J:&/†8W# :/U1&/†8#
56+N;&# .@:/# C1V:IW# E?/21I# MG7(8D# %&NS=/# C1UVW# %$RF$# EFt;I#
:/•./RLGNY##
#
k—Y#1BO#E&/:(&#1(/:(&#F1•,#
2'2B&/#2'‡&#1&,v+#1-./7(#
######P:&%&#$$(H+#0Ÿ1.(#0'P:&v##
+&/'(*#.vNH&/#.&F."#:/%=(&/&(#
#
C1(B>#o
C1(B># o#MRpFt+#:(mJ#MRp8#,v'(GI#<I:F'#M€:/&8#<B;&I#MRL(@#
A# .•F$+(G# C=(U.># ,/FL;I# <B;&I“# M&FGs8# $/F.21•HI81r# <B;&I“#
$UL:N# JUL-.F?2# 1K/21I8W# E:N.># 1UL/H# &.(&I# ¡V:&(.–8# <B;&IY#
<I# %1(RL# 17:/&$(G# %&(O-.># ¡r+&(.m# .7-./m# .(421qtIY# lG(@W#
E&/@# <t21qt# <'($()=(/R# C&(tN’# MRp8# %&H&(-C.(qFt# 5<I#
&|4vF'H# •9F$+(m.:@7ID# T78# MGI# :(mJ# MRL# ,vN# •9F$# C1ULIY#
<2%1(I#MG#:(mJ#MRp8#,v'(GI#•9F$+(G&(.W#<G/21(.#6>?IY#
#
u˜Y#E).@1#‡&#X'1/H#1&8#0&(8##
#E*QH#H(/:Nm.8#E1:Nm.#F:1:8#
######=7#=/H&#€BH&/#:/,/:NH&,#¦O&8##
##='48#+&v;H'#='48#€B4v$%Q#
#
C1(B># o# <'($()=(/R# &/B:r.># M21r21qtF:# A# EL/zN.{mJ# <;&H#
&/B:r.>#XR1(.W#0N%:S:'G/R#&/B:r.>#Xm./+8#EUL&(.%:#.(421•8“#
EL8# A# C1(B># A# <R18# l./+# M&FGs8# ILm.($%7%+# %$(Ž# <R1HF&#
<;&H# &/B:r.># E?/m.:@7F:“# .7m.8# ,/FL;&# $G,/F7F+# %1(mJ8#
$B;&(.# 6>?F:# o# <21r1qt# # <'($()=(/R# &/B:r.F?# ,(8# ='48# MRV##
,(•./%L(8Y#
#
ukY#S:…&#E:•&#1':(&/#F:1:("#
##,/.$(;&#,v&/#*7%&"#&7#P2B="#
######2'&/1(&+;&/#.&/8#l1:Nm./.v8##
##+&/#0(N:C1w$#1&0(H#mB&(=+("###
#





!+&/'(*#02&&/########################

C1(B># o# +&/'(*(/R# &/B:r.F?# &-.># $G&/@# 1&/H&:N.{8W# E:'I#
&/B:r.?/@# &-.># $GF&# F:H&:N.{8# l./+# =(R%L(N.?/R# :ŒF$# MRG¢#
&-.?I# TS•m# .(UV# T7%$# &-.># :(&-.F?# M&/N21:N.F?# ›‰H&/:/•:NW#
%:&(;&# ,v&/# MRp8# l‰.tŒR# &F'F+H# EFt:NW# %$(ŽHF&s8# 1UL/+#
61(+HF&2#%1(&/21&/@#:@7:N#l:NY##
#
uuY#T%7#,/:/S+#$Q&(8#,/.$#HB$(4(8#
##Xƒ4;#2'&('.#1+8#HB&#F,.&|t"#
#######'-%.=#1m&*,#$(,0#'(*Q80"#
###'($()*"#='4$PI#X,/"#P:+8#,"#
## #
C1(B># o# l‰;&# %:N.># C.(|t# 1';&# %:&8# MRp8# # $'H&/R# .v‰# M2%1(I8#
E$N;I>?:N“#%:&-.F?#:n=.8#T78#›‰H&#:@7:N.?/t8#<B;I#E&FGm#
.(21(UL/W#E&R#ES=8#%1(mJ1:N“#F..?/@#H(/&|t8#};&/+N“#!'-.,(&G/R#
Er+(N.?/R#$G8#MRp8#J?H&/@#M2%1(I8#:(¤8#ERG21LF:#%1(RL:N#
o#<21r21qt#<'($()=N#&($(.%:#XR#:;I#MRFGm#.(21('(.Y#
#
u~Y#0H#$;H'#:/H#Ž/1&/#08+$/,(8#,%';H'"#
#############080('#*/3$.#XF."#0X1PH&/&8#,"#
######:/ƒ:m#&&8#:/O+#%7(1#:/O8#,/*(1/"#
#############.(t#E)1(:#.BtH:*#1(:,(1/"#
#
C1(B># o# 080('8# MRL# C1(/+# ,.'H&/R# :(9# T78# C:?/:;&# §67.#
:/O+-.># $vI# 1UV&@¨# MRL# C.(r+# :/O$(GIW# ,(RJ# &/F=.?/†8# 1':/#
6>?IY# E;&# :/OHF&H#&GI# $;&/'-.># T78# %1(m.:@7# 1(81(qr# %1(RV#
+&/'(*N# 6>?(NW# M21r¢# $/.–8# C1BF$# 6Ft+:p8W# .BtFGm# C.(r+(.#
6>?:p8#l./+#1.:(FGH#H+(G/21&R#T7%$#lJ8Y#
#
u„Y#,(&"#0#}O#+$/,(8#,.#'S$/#*(F7"#
## E;&'"#,/©,8#E1,v+#&$"#$&v+8##
######:/yz(,#=/H'8#E,.8#Œ.&/#<:#=/H%&#
#€+(m+(,#%.?/#'…%.,#.'#E8’%*,#
###
C1(B># o# +&/.?/R# &F7:'(.# 6>?# <'($()=(/R# z(G# XH&/F'+/@# 6>?#
,.-.?/@# <B;I# 1/'.(=$(G# ‚?/# C:?/:B./LIY# E;&# ‚?/+(GI# MGI#
6>?H&/@# $FL:(.# 6>?# Eyz(G8# MRL# <BF?# ,vmJ./LIY# M€:/&8#





!+&/'(*#02&&/########################

61%&=8#C=9+%:|•8#MRL#:F.#EL/;IW#&GI##&($F'#%1(RL#F..>#T78W#
MGI# 6>?H&/@# =/L;&# z(G8# MRL# =/H&/'HF&# M8C1B$(G(N# &vq•./L(N#
%1(†8Y#
#
u‹Y#6HmB34&v8#61,/OH0Ÿ##,/¡t$NH&8#
#=/H%&#,/%:=+/I8#E@1#&/+(8#P:+8#,"#
######1S%+$#7™$4#X%,"#2'&/1;&#QP&(8##
#6;,/H'#1H$#0Ÿ1.(8#61%&=#XH'(8####
#
C1(B># o# ,$I# 6>?H&/@# &.(&# EL/–# $q•%$# ,/'81/# 6>?IY# <&FG2#
%1(mJ:&U.(.%:# +&/'(*N# &GI# &/BmF.+/@W# $7N;&# &($F'# $7N# %1(RL#
z(G#XH&/F'#F:HI>?(NY#<&FGm#.(¥8%1(IW#E:N#&(G(.%:#:Œ+#:;IW##
%:&(;&#6|F$.F?#,8#6>?H&/@#F:21&(.H#%&(RV./LIY#EH&F.+#z(G#
XH&/F'F+#,(8#E|r#,/U%1($(.Y#
#
u•Y#l.NO4(,/#,/.$(;&#0'P:&v,(8##
#6S=(t,(&/##1Q/"#E;&"#6127:(,(8##
#######1HH+(,/#%.('#1:#08y:(#ªr&(,(8##
#3BH+(,/#1(;&/#+&/'(*#X%,"#:=8…#
#
C1(B># o# +&/'(*(/R# ’|4/+# š@.># C=9:I# MRGC:RL(@W# %:&(;&#
:(/.F?s8# E:UL/@# 6>?# $FLC1(B>.F?s8# ,8# EB%.# EFKHI:;I#
:/•./RLGY# ,$I# 6>{8# ’LX8W# ,8F$2# C1B8# C&(;&'–.{mJ# 080('8#
MRL# 1+-.'8# lq1•H&/+1r# 6>?IY# <H&F.+# %,(+(@# ªrm.21qt# ,$mJ#
,RF$# C=9:&(.W# ,$I# 6>?H&/@# 1&/;I# ,/U1&(.# <'($()=(/R# š@.>#
6>?GY##
#
u‘Y#=v&#P:1(:#0Ÿ1.#E)1:"#=/.(:(;#
#%&(O##E:$NH&#,/+&#6;,&/"#ŠO&/#•="#
#######&(1#E)1;&#=$,"#&1,"#2'*(,(8###
#'($()%*(#*+&/#08:Œ&#H(/&($(#
#
C1(B># o# <'($()=N# &GI# EB># MRp8# J?/N;&# &RF$# .('4$(.S# =;&/'R#
%1(RV>?(NY# &RFG# E|r+:N.?/R# %&(O-.># EFGHF&s8# %1(mJ:&(@#
EmG/# %1(RV8# 6>?(NY# <;&# 67.8# :?8# C1L# ˆ(/+R# E:=/+$(.# 6>?I#
%1(RVW# ,$I# &(1-.?/R# C&(tNS=/F+2# %1(mJ:&(@W# <'($()=N# ˆ(/+R#





!+&/'(*#02&&/########################

%1(RV# 6>?(NY# l.# =;&/'RW# EmG/W# ˆ(/+R# MG# TRV# :/&$(G# %&*P0Ÿ8#
.7;&(U%1(@#6>?(NY##
#
u•Y#*+&/##0.7:/H+(#:(Q/,v#*;$#F=7"#
##*,/#1&#1(/€BH&/#S'(;&#:/S'(;&/#=(.v#
######,/./7#J$&/#$(+(#=N:(v#1(70•N+"##
##,/.$#*7&/#%:7(#‡N4#=;H%'(#+&v;H'"##
#
C1(B># o# EFGHI# :/HF+.{8# ,&/# %1(RV# 2':(.8# M•21&(.# 6>?# $F7#
%1(RV8W# 080('H&/@# 6KRV# &/(/;I# .F?21Ft;&:N.># :;I# <F?21(V8#
$'8# %1(RV8W# $UL# $&HF&S# =(N;&:N.?/R# :(&8# MRL# <B># <;&# 67./@#
ˆ‰;I#:/t(&1r#.(HI#,/UJ8#<?8#ˆ(/+R#%1(RV8W#%:&8#MRp8#.t7(GI#
C1(-./#M¤81rS#C=9s8#X¤,/7–#%1(RV8#+&/'(*N#6>?(NY##
#
u—Y##X,/#1QŸ$&#0('(#Xm&/#,/S%'4/.(#<+8##
##03B&+#3B&+(,(8#=(S:&v#&/ƒt#…H&/"#
#######=$/&#I(/&#.;&(#08+$/#<;H'P+#0•m&/"#
##1(/=/&#.Q,(#,"#2'P)›&#2'0(&8##
#
C1(B># o# <'($()*(/R# ’|4/+# š@.># M21r21qtF:¢# EFGHI#
XG/:N.?(†8# C1(/I8# $&/m.21•8# 6+N;&# C1(B># C.(|tF:“# %$(ŽHF&#
Mqr2#1/rm.#6&–8#}4/“#,@7#$G8#1FtH&#EFG:BmJ8#E:N.>#<&+H&/@#
,/F7C1UV>?# &RF$# 6Ft+F:“# 1(:-.># EFGHF&s8# ,vm.:@7F:“##
1rm.21rm.#l‰;&#.BHIm.F?#64NH&:@7F:#o#<21r21qt#E;&#š@.>#
,$mJ#EB>#’(/+#%:|•8Y##
#
~˜Y#1:#$B#1(/./;&#P2ª&#1(,v+#…;I"#
I(/&#'Q/&#*/3:(#Im&#J@+(#0J@+(#
######SB&/#,+,#0,(1/"#%=(1%&#7™$%4(m&/"#
,'.#$&,#%0:#lP:(&#,(r;&$(#,"#
#
C1(B># o# +&/'(*(/R# š@.># M21r21qtF:# MRL(@# 080('8# MRL#
1(F7:GH&/@# =/m./H# &:/21:N.{mJ# 6&–8# ,vN,/F7# %1(RLF:“# =/L/I8##
1(:8# <@7(&:N.{mJW# 1(@# ,/FL;&#lV# %1(RL# •F:+(GF:“# %:&-.F?S#
=(/+(.m# .|•# 64N:&UJ# }UL# .|# %1(RLF:“# ,'.HF&# E|t:/t($@###





!+&/'(*#02&&/########################

&•mJ8# 1.:(FG2# 1UL/+# Ep1:8# }U1•H&/W# $/J;I# <R18# ./qt# :K/#
C=9:&(J8Y##
#
~kY#Q(/#1&##$.';&#P+;&/,"#08P(/&(,(8#
############E).&#1QŸ=(.("#&(18#6;T7+;&/#
######=$/&#I(/&#.;&("#08+$/#<;H'#2'1;&("#
############.&.#*,#$,vO(#.@1,(#.@1#€BŽ("#
#
C1(B>#o
C1(B># o#M8C1B$(FG#,(•1:N.{mJW#E:GI#&/B:r.F?H#%&R#‚¤J81rS#
C=9I#•F:#œq•./RLG“#17%:V#1/(/–.{tR#¡r+#%:&-.F?#XUL/†$(.H#
&¤:/# ,/U./RLG“# .U1:N.{mJ2# 1(:-.?/R# :(=FG%+# =/L/I8# }U1t($@#
C=9./RLG“#1/L#$&H&/GF'#M&/NHI#:(&8#C=91:N.{mJm#.U1.#$'8#%1(RV#
:LL(&#z(GHF&#E?/H&1r#6>?GY#<F:#+(–8#M:UL(@#C=9+21•./RLG¢#
080('2#1/r+/@#<B;I#:/•:/m.:@7#<'($()*(/R#š@.>#lJ8Y#
#
~uY#,(,(‡F&"#*.&/#0$F+"#,N$#©7(8#:/&/H%0("#
############E;H+8#:N48#2'&+&/#:/%1("#l&/$#€«Q#%1%&#
######:/S:8#H'(I8#:/O+#,/+&8#€+n*/&(#E)m'Q"#0;#
############:/ƒ:m%0,"#+&/1&/"#E‡H#%:H'#0('"#H(/&|t"#
#
C1(B># o# # %:&-.{mJ# X'4(.# 17# $&-.F?H# &GI# C1(¤I%1(m.(.2#
1'8C1(B># }U1•HI./L(RY# <V&/+(.# 6>?# .Œ.(7H&/@# 1':(•%&:R##
MRp8#.VF$#,/L8#C.(|•#:/•./L(RY#<;&#67.$(GI#<;&m#.(7#.qtH&/@#
=/UL/R1# :/O+-.?/@# $q•%$# ••1qt1r# 6>?IY# # <&FGH# &/BH&# M|4/+#
M8C1B$(RW# <;&# 67F.m# .(m.# M|4/+:G(.W# %=FG# X&Œ+(F'#
<'($()*'(.#Ep21/G(RY#E:B8#E21r%+#lG(NY#%=FG#X&Œ+((/R#1/'8’#
MR1I#<'($()*(/R#H(/&|t8#lGIY#
#
~~Y#7™+8#’H%&"#'….#'0,(#7(P+#©7(#,/&(,8#
###########•H&#lP:&8#./$1/#*.&/#S%'(H'#&/€+#¦O&8#,"#
######7™+#E7™F+"#…&#*7&/:H#1(&/#&(H1N+#'HF,"#
###########7™$v.(;&#P1r.#XJ'"#7™$4N+#61%&="#
#
C1(B># o# <'($()*(/R# š@.># EFGHI8# ,$I# C=:/mJS# C=RVW# <;&#
080('H# I+'H&/UJ# }UL# $B;&(.# 6>?GY# EL/–>?:N.?/R# EL/:/UJ# }UL#
<7m.(.# 6>?GY# •F:# EL/;&:N.{mJ# 6># ’J;I# E:N.># ,(mF.H##
I>?/+(t# F:m./LIY# M8C1B$(G/R# J4-.F?# ,$mJ# C:?/21•HI8#




!+&/'(*#02&&/########################

•9F$+(G# .|4(r# %1(RV# 6>?IY# &/B21(U.tŒ@# ’721•:I8W#
’721t($@#6>?I8#l./+#<'H&/G-.>#%1(RV#6>?GY#EF:#EL/zN.{mJ#
’721q•8W#EL/:/@7(&:N.{mJ#l‰C1(B>#’721t($†8#<BmJ8Y#
#
~„Y#P&/&/8#E:&v'+;&v#E&/$%,('&#…H&/$&v8##
#+&/1&/#P82'&(+#,/'1(+#&%,(1=/&("#
######$I.'#C$w?/#&m,#$&#&;I'#&;&/#.t(#
#.'t#.t(Q#:(Q/#.,#=v.'#=v1(/&(8##
#
C1(B># o# # ‚B:G/t8# C=@:8# $/J&/+(.# }U1•8%1(I# 6|t(J8# ,/F7# MRG¢#
E:G/t8#$/J&/+(.#+(FGm#¡qt-.>#%=N;I#:/•./RLGY#E:UL/R#C.(21F'#
%1(RL# .RG-.?/@# <B;I# :rs8# $&,v(/@# :|•.># XUL/†$(.# X¤J81r#
6>?GY#E;&#$&#,v'(GI#C1B./#ŠrW#E:G/t8#6>?#C=@:-.>#EFGHF&s8#
T‰J81r+(G# ,/F7F+# }U1•HI./LIY# lG(@# §+&/'(*(/R# C&(tN’#
6>?:N.>¨# MRL# C1BF$F+m# C.(|t:N.>W# E;&H# C&(tNF1%+# C1B8#
C=@:$(.m#.B&/W#%$%7#6>?##,/F7F+2#’Lm.4/H&1r%+#6>?GNY##
#
~‹Y#,/B1&/#'-.€BH&/#'….(;#E1/&(|t:+;#
#############,/.$#:/$N=#%.?/#'…F."#,/2BF&"#:/HB&"#
######J4#1(/4H&#0•m&/#HBt%.(4#:/.qt,+(#
#############'t&/#&/=(#X%.OŸ#+&/'(*#+="#1tQ"#
#
C1(B># o# !'-.H&/@# :(¤8# :/B218# 6>?:N.># EFG:B8# ,(qr+m.('N.>#
MRV#6:F$+(.m#C.(>%:(8Y#E;&##,(qr+8#MR1I#ERL(t#:(‰mF.+(J8Y#
E:N.{mJ# }UL# 1FL# MR1I# <'($()*(/R# ’.‰# lJ8Y# %:&-.?/@# 6>?#
l‰C1(BF?# l91:N.># +(%'(# E:N.%?# E;&2# 1FLF+# ErH&1r# 6>?:N#
l:NY#E;&2#1FL+(GI#!'-.,(&G/R#&/Bm.@+(4#J4-.>#MRL#.+/V.>##
C.(|•# <¤HIm# .qt21q•>?IY# <;&2# 1FL+/@# Erm.# 6&–8# %.(@.?(.#
5JS=/D# +&/'(*(/R# š@.># 6>?GY# <€:/&8# !'-.H&/@# :(‰:F&H# &:/'# %:V#
1+R#}I8#M&/N1('(&1r#6>?#Er+(N.>#$./‰;&/BmJ81rW#E;&2#1FL+(GI#
EFGHI#&/F=.?/†8#‚Œm./LIY#
#
~•Y#<&8#2'&$#081:H#J$&/#*(7#¡7-.O("#
############8BO(#$&#:/O(,7#y:Œ&#*v:#*v:(&:"#
######Ž';&/#E8B&8#EŽ'8#+&/#’';&'P+#6m&+"#
############=/';&,#0'P:&v#=/J'#1;&#F0';H(/.("#





!+&/'(*#02&&/########################

C1(B>#o
C1(B># o#<;&m#.Œ.(7H&/@#’&/I’&/&(.2#17#$&-.>#&F7#M•HIW#:/1(v&$(G#
’H&/# C.(|tF:+(.# 6>?GY# E;&m# ¡qt-.># EFGHF&s8# %:BtR# EVm.#
:@7I“# C1(9# MR1F&# $q•%$# &-.># JL/m%.(?(.m# C.(|•W# E;&H# &v# T78#
*v:R.F?# :/O8# %1(@# EK/mJ8# $&-.?/@# <B;I# *v:R.F?m# .(21(UV:I“#
%:&8# MRL# E'=/+/RW# 61,/OH# MRL# ¡;&F7# EK.(.S# =v:/# E7-.(/mJ8#
14/2C1|.>#%1(RLI#A#<F:#MI#MRL(@#+&/'(*(/R#š@.%?#lJ8Y#EF:#
EK/:UL#%$(ŽHF&#,8#$vI#C1(K/./RLGY#
#
~‘Y#0Ÿ&(#E=,##0ŸINm'Q#SB&/#0$ƒr#Xƒr;&+"#
#############.&(#lQ:8#EC0w#.&(;#.1t#C0w.&(;#.|t+;#
######X,/"#$,…#7™$4"#X&8#6&n=+&/#En*0(#
#############XJ;&#J4#C$wm&/.#2'.'#•m&/1/"#0•m&/1/"#
#
C1(B># o# E$/N&HF&2# 1BJ8# %&:N.?(†8# M?/&/@# 64N;I# C.(>?# <+7($@#
l‰C1(BF?# 6Ft+I# %:&-.># lJ8Y# E:UFL# $/.–8# M?/&(.# ‚B# 1/r+/@#
1B.# :@7:N# +&/'(*N# l:(NY# :(&2%1(BmJ# ,/RL# C1wH&N# X&7(%G(N.F?H#
&GI# :(&8# T78# <'($()*# XG/:N# M?/&(.m# .|rH&(NY# E:BFt+# š@.>#
EFGHI8# M8C1B$(G/R# &/Bm.@+(4# J4-.># MRL# XHIm# J:/+@.F?#
6B:(m./2# 1(I.(mJ8# XHIS=/21/# %1(RV# 6>?GY# <&R# T78# ,8F$#
M8C1B$(G(N#$./‰:/@#l‰HI./RL(NY##
#
~•Y#.1NH&/##$&#.NH&$8#.1/7#.@1,(#:(J'(8##
##############I'H++8#E&vH+#&H#HBQ/4#&;H'#+;H'#6&'8##
######JHBƒr#JQ,(#X%.#,/1&&"#1'2'3$4"#
##############.'#m'Q#:/=Ž%4(#*+&/#7™$4"#E+8#X,/"#
#
C1(B># o# 2'2'3$$(GI# F=:8# MRL# %=UL/@# =/m./+I“# .1/7# XG/:(/R#
0(-m+8# MRL# .U1FG# :F7+/@# E.21qtI“# .tm.# <+7(&# 1/'$R# .|t#
%+(.# =(P&/'8# MRV# ¡L21•8# +;&/'H&/R# ,•21J&/+/@# E.21qtIY#
<:UFLs8#&(|r#$(+(:(&/.?/R#:(&-.?/@#=/mJ|tIY#<F:#EFGHF&s8#
,vm./W# 1'2'3$HF&# $/.–8# M?/&(.# 6+NH&# :@7:'(.# 6>?# <'($()*NW#
EFG:(/†8#%$81qt:'(.%:#6>?(NY##
#
#
#
#




!+&/'(*#02&&/########################

~—Y#.4(&#1(/1(r1/"#.1/7#.@1,(#,(tF."#
############J$((/7#J1(O/F&"#JB#,/1;&,#m';H&/1/"#
######&&(.&#.&(#=F&"#&H#E)0((/#*@F1"#E1/#
############2'&((/&8#*.H#2'J4/&8#+&v;H'#6m&/1/"#
#
C1(B># o# <;&# 67.$(GI# .4(&N# MR1:N# %1(&/H&# E¥mC.(>F.# T7X8“#
.1/7N# ¡L/+# 0(-m+# &HI:8# T7X8“# J$((/7# 1qtN# ¡L/+# $v$(80# :(&8#
T7X8W# 2'1(.'N# %1(&/H&# XrS•# %1(RL# E:/‰m.# <+7(&# ’&/N.?(†8“#
C1wH&N.?/R# 17:/&$(G# ˆR+# :(&-.?(†8“# C1wH&# $&HF&2# %1(R%L#
:(&8# C=9&# $(+(:(&/.?/R# :(&-.?(†8# C1(/&(.m# JK81/# ,/RLIY# <;&#
,/F7+(GI#+&/'(*(/R#š@.>#X78#=v'(m.21qtIY#
#
„˜Y#.&(#.7Q#C.wI.#m'Q#mBQv&#C.w&PJ&#
############2'&(#*7&/#0827:#m'0,#J81#08‡&+"#
######*+;&/#0Ÿ&/+"#+&/#Ž/&/2BH#E;&/.#61(0,(#
############2'1(:#1(/1mH(/$#2'$/&/#1('&v#081&"#
#
C1(B># o# <'($(p*(/R# &/B:r# ,/KŒ@# M2%1(I8# E|r# ,/RVW# E&R# T78#
C1BF$F+s8W# X¤F$+(G# EL/F:s8W# :(mJ# :RF$F+s8# C1UL:N.>#
C1BF$# MRG¢# :(&8# C=9:&/@# :@7:N.{8W# 6U=(.8# MRL# 1/=(•# T78#
ªrm.21qt:N.{8# l./+# $UL# $&:(&/.?/R# ’.‰# MRp8# .tF7W# E.H&/+N#
%1(RV#6L/n=/#:/•:&/@#:@7:'(.#E@7:(#6>?GN¢#
#
„kY#+&vS:'#0'P:&v#0Ÿ'1/&#l=+(,(8#0&(8##
#############:Q($/#='4(8’*8#2'4&/#=(Œ,(#C$w?/,(#
######&&;+#$&#IN$&#y:Œ&#%=&0(8#:(&/,(8##
#############=/'P0Ÿ#,/Q/&8#$+(#1&8#E&Ž/48#7™+&(8#
#
C1(B># o# <'($()*(/R# 6+N;&# š@.F?# M2%1(I8# 1rH&1r# 6>?:N.?/R#
$G8# MR1I# ,V$48# ›=/+1r%+# <BmJ8Y# E21r21qt# C1(/+:N.?/R#
&/B:rH# &($F'.?/@# ,(R# M2%1(I8# MGI# &F7F+# :4-./+1r%+#
F:HI>%?RY# lG(@# E:BFt+# =/;&FG.{mJ# $(L(.# 6>?:N.{8W# $UL#
$&H&/R# T78# :;&# &v+.N:8# .('4$(.# M(/s8# $G8# 6Ft+:N.{8#
l./+:N.?/R#&F7.?/@#MGI#<tI#.(@#F:m.21•:F&m#.(47(8Y##
#
#





!+&/'(*#02&&/########################

„uY#1*P:#+&/‡1%&"#E,/&$(&/#IN:(0,(#
#############.&H:#1(/:NH&,#S'$#,/:NH&,v8#:NH&,v8###
######71P:#3B&+#P:+8#'&#1&#ls&#E)m'Q#
#############HB&#2'3B&/#,/PHBtH#I(/&#IN€B&/8#,/N€B&/8##
#
C1(B># o# MGI# $G%$¬# ,v# ,v|t.(7$(.##&v+# 1Km.-.F?# $q•%$# %$UC.(|•#
:;&&(@W# E&R# .('4$(.# 6|t(G# IR1H&/@# =/m./H# &:/m./L(9Y# <;&H#
IR1HF&# ,vm.:@7# ‚%'# :K/+(G# <'($()*(/R# $(Nm.HF&2# 1/R1UL:(+(.Y#
E&R# T78# =m.'HF&H# &GI# ls&$(.# 6Ft+# M8C1B$(G/R# &/B:BF?# ,v#
C1UV# :/•./L(9Y# EF:# 6GI# 1(:-.># MRp8# &Ft.F?# ,vm./:/•8Y# <&R#
T78#$/J;&#<R18#6t%G#./qr:/•8Y##
#
„~Y#J$&/#:/Q/&#m';H&#m';H&/#2'‡&#$&(;&'#
##############m'Q/?#$,0"#1S+;&/#E@18#+&vS:'#1('&v8##
######:/.t#X'1/H#:Ž"#ª-#1(/ƒ.'4#6=/&"#
##############J7./(/#I7(#l%'(%Q#1(›#./+(;#<:#C.wPI1"#
#
C1(B># o# =(/+(G# z(G8# <RL/# <+UL21qt# š@.># $UL# $&-.?/@#
.(421•./RLGY# EF:# T78# .qt21qt:N.># C:L/# 1/rH&# $G8#
C.(|t:N.?(.# $(L/# :/•./RLGNY# E;&# š@.># :Œ+# XrS•.?(.# $(L/#
:/•./RLGY# E:N.># +&/'(*(/R# š@.F?# $/.–8# EU1$(GF:# MRV#
C.(>./RLGN# 5E?:/@# =/L/+F:# MRV# ¡V./RLGNDY# M8C1B$(G/R#
&/B$(N’mJ#EKJ#%=NH&1r#6>?#C.wPI1#$4/+(GI#$/.–8#=/L/+IY#lG(@#
C1(/+C1(/+# $F7.># %1(RL:UVtR# ¡r+# &'(=/R# M&/NH&qr@# <;&#
C.wPI1HF&# }UL/G(@W# E;&# $(F7.># MFt# E&/.$(.# 6>?&(.H# &(¤%$(¢#
5&(K(IDY##
#
„„Y#PH&:/'#,/.$#P%&($#PH%&+(8#+&vS:'#1('&v8##
###########J$&/#14/&/#%Ž(1#Žv1("#Ž/1;I#1*;I#:(#
######'0#1(/$?#S7(.(#%.(O#P2’tH#’t%1&,8##
###########7:4#:4/*"#.N2‡'#ENm.8#./8#<&/#E1/$;:%&#
#
C1(B># o# 1(ƒ+m.('(/R# š@.># MH&RF$# 6Ft+F:# MRL(@# o# $/.–8#
1KF$+(G# %:&:(/.?/@# 6>?# C1(B>.{mJ# :/?m.8# E?/m.# <+7($†8W##
:(&8# C=91:N.{mJ# :/?m.8# E?/m.# <+7($†8# :(&8# C=91:N.?/R#
:(&-.F?# XL/+rm.:@7F:“# %:&-.{mJS# =(/+(G# C1(B>.F?#
,/N4+/mJ81r+(G# 6+N;&# &/LR# 6Ft+F:# lJ8Y# <21r21qt# 6+N;&#





!+&/'(*#02&&/########################

š@.F?# &v+# ’H&/# 6>?:N.?/R# :(&8# %.q•# $&/# $+-./+:N.># }UVm#
C.(>?–8# C=9+7(8W# }U.($†8# %1(.7(8Y# <&G(@# M;&2# 1(&.X8# # <@F7Y#
}R¢#ŠN#œBmJ#:;I>?#1SF=m#.U‡'8#1UL/+#’.‰S=/W#:/F7#l./+:UFL#E;&#
œ(/@#E&R#EBF$#EL/;&:N.>#$/.–8#6+NH&/m#¡V:IW#E;&#œN#X¤:&/†8######
M&/C'(ŒH&1r# 6>?IY# <21r# 6>?%1(I# E%&# œ(/@# 6>?# 62’#
:/U1:N.{mJ# MRG# M|48# }U1t2%1(./LI¢# 5<:N.?(@# 1SF=m.U‡'8#
&GI#%$RF$F+#<Km.(ID#
#
„‹Y#:Q&/#$Q/?(8#lH+"#%:&("#H'x#X.F'"#XF."#
#############:'#&)&+(#:($"#1(."#=/:P+#:/:NH&%&#
######&&1/#1'$8#&HH:8#%.(ª#*,P+#:=8:&8##
#############$&,#.&F,"#,#mŒS+;%&#+&vS:'#08S'+("#
#
C1(B># o# EFG:BmJ8# X&Œ@# %&(RL/+# ,(RX.RW# %:&-.F?# 6S=(/m.:@7#
&GI# ,(RJ# X.-.># T78# &GI# $FG:/+(G# ='P:&/F+2# 1(NH&1r%+#
6>?(RY# =/:G/R# <t21J&/# X¤:I8# C1|4(.%:# 6>?IY# 1'&HI:$(G#
mBƒ4p8# %.(1/F..?/R# Et-./%+# 6>?(RY# lG(@# +&/'(*F'#
EFt;&:N.>##<€:/&8#}U1•8#.($H#IR1-.?/@#=/m./m#C.(>:&/@F7Y##
#
„•Y#,/.$#1&/.#=(+(#=(.v#,/'(=#$Q(,/&/"#
#############$Q/&#:/:/&#=(H'#S%'4v#$%,('&#0('&/"#
######H(/’:,#&$"#2'H«O"#E+8#H(/:/H+#=/.($4/"#
#############2'&+&/#+&/#Ž$(2BH#1('(:(v8#E:/1N++(8##
#
C1(B># o# %:&-.># ¡V8# .BH&/R# l‰C1(BF?# EL/+# <+7($@##
:K/2%1(m.N.># %1(RV# •UV1:N.{mJW# E:UFL# 64'# F:mJ8# ,/K@$'8#
%1(RV# +&/'(*N# 6>?(NY# 67.# :/O+-.?/@# 1UV.># <@7($@#
6>?:N.{mJ2# ’F&+@# %1(RV# M8C1B$(G(N# 6>?(NY# =/L;&# J4X8#
C1(VF$s8# 6>?# +&/'(*N# &GI# =vtN.F?# ,@7# :K/+/@# <q•S# C=@†8##
%&N21(.G(.# 6>?(NY# TRV# 67./†8# 6>?# Eyz(G8# MRL# <B{mJ#
:/r+U.(78# %1(RV# 6>?(NY# F:&/.N.># &-.># &F7+/@# C1BF$+(.S# ˆ•8#
<'H&/Gm.@# %1(RV# 6>?(NY# <;&# 67./@# 6>?# 6+N;&# &HI:8# 1UL/s8#
&(‰;&# &HI:8# 1UL/s8# :/1(v&$(G# z(G8# }U1q•# :/t($@# 6|F$F+#
:/?mJ./RL(NY#
##
#





!+&/'(*#02&&/########################

#
„‘Y#*t$&/#X&(#&;&(#&;&/#€+&(#¦O&#…H&+"#
############2'$/&/#,/&+"#2'yz(#=(Œ#2'1(7,#+ƒt+"#
######SB&/#0Ÿ'1+"#•H&#l,;&#1/:NOŸ.#:((/&("#
############+$#.&/#.&(#:/S%=&/;+"#+&vS:'#0•m&+"#
#
C1(B># o# EL/:UL:N.># &-.?I# $&-.F?# ,/F7,(q•:&U.(.# 6|F$+(.#
6>?# &HI:-.F?# $(UL/# 6F'HI# :/•./RLGNY# <:N.?/R# <SC=+@# 1@ŒR#
.r# T78# }U1•8# %:&FG# %1(RV# ’H&/F+m# .7mJ./LIY# <;&2# ’H&/mJ# }UL#
$B;&(.#+&/'(*(/R#š@.>#6>?GY#,$I#EL/–#MRp8#1+/N.F?m#.(21(UV8#
6|F$+(G# ,(RJ# C.(8’.># %1(RV# ,(RJ# %:&-.># 6>?GY# <H&F.+#
%:&-.?/R# ,V$4HF&# E:UL/R# %=NmF.# T78# +&/'(*(/R# š@.># &-.>#
$vI8# ›•81rS# C=9./RLGY# # M-J8# z(G8W# lG;&8# MRp8# $FK# C19s8#
%$.-.?(.# <;&# š@.># 6>?GY# +$%7(.8# 5,'.8D# MRL# %1SF=# XUL/†8#
,vm.:@7&(.#<F:#6>?GY#
#
„•Y#2'&/#.78#<Q#2'H+m#&HH:#E:%7(.,#&v1/.("#
############+&/#1(/2Bt#m';&(S#=/;&(8#,/';&'+;&/#,"#
######E.†O#1'#yz(,#¦H0Ÿm+#Ž/&(#lI'#INH&=(#
############1(/4&#17#2'H+(®&H#1%7m'Q/#0Ÿm'Q("#
#
C1(B># o# +&/'(*(/R# š@.># M21r21qtF:¢# <;&# 67./@# 6>?:N.>#
*v:(H$(:/R# 6|F$+(G# &HI:HF&m# .(4# 6&–8# :/?mJ# %1(RV# 6>?GY#
%$†8W# %&(O-.># }I8# <@7(&# 1'$(H$(F:2# 1UL/# EL/+%:|•8# MRL#
EL/–21=/#M•HI#=/7N#:B;I./RLGNY#E;&2#1=/#6>?:N.?/R#=/'$HF&##,vm./W#
E:N.{mJ# }UL# 1K-.># E?/HIW# E:N.># EB./@# l&':(.# 6>?# $'-.>#
%1(RV>?GY# $/.–8# M?/&(.# EFt+:@7&(.–8# 6>?GY# ‚€C:(B#
C,(r+/†8#,$I#M|4HF&S#=(/+(G#1(F&+/@#,tH&/S#C=@./RLGY##
#
„—Y#XJ;&#E-m(/#S'H&(#JX&#:,#=;H'#l&1#,/1("#
############XXŽ(8#E%Ž(2+(8#&H&/#X,/#2B;&('.#./'"#
######P:…H&(;&#H:(;&#PH&/'#JI.#IN:(,/#1(/OH#
############&/:(ª&#2%'Ž(#&/,.'#0XH&(,#1BO("#
#
C1(B># o##+&/'(*(/R#š@.>#C=9:I#MRG¢#mBƒ4G/R#&/B:r.?/@#}U1•8#
1m&/# MRL# l81@# $7N.># $7N:&UJ# }UL# =;&/'G(.# 6>?GY# $UL# $&-.F?S#
%=N;&:N.># &-.># :(&8# MRL# <B?/@# ,/F7+(.# ,/RL1r# 6>?GNY# <€:/&8#




!+&/'(*#02&&/########################

&.(&# :(&8# C=9s8# l;F&.{mJ# ˆ(/+# 6&+8# %1(RV# 6>?GY# <€:/&8#
EF:.{mJ8# C.(r+&(.# 6>?GY# %$†8# .7-.(&# %$(Ž# :/B218# }U1•H&#
:@7F:+(.–8#6>?GY##
#
‹˜Y#,/'(1(&(#%1(&(+,#14/&/#,/ƒ+;&#0Ÿ1.("#
#############:/•H&#61;+(0#€+&/1/I'#=((v'.#,+("#
######EJ|qFt"#.@1;%&#+&/1&/#,/1;&(#,/*#XF."#
#############E,/H'(4#2'yz(#'0#&$,/#%:&(+#0Ÿ&/+(8##
#
C1(B># o# +&/'(*(/R# š@.># M21r21qtF:¢# EF:.?/@# M;&:/&$(G#
X'|1(•.{8# <@7($@# 6>?GY# %1(&(+GN# MRL# XG/:N# EB?/+#
2'3$ˆH&/'# 6F'# %1(R%L# $/.–8# <G/F$+(.–8W# C&?/:(.–8W# l‰;&#
.BHItR# M8C1B$(G((/R# =((v'.# 1(ƒ+8# 5!1(ƒ+8D# 6>?IY# $UL:N.?(@#
EF=m.# <+7(&# :(&-.># C.(|•# 6>?IY# EL/–>?:N.?/R# EL/:/U.(G#
,(rF+H# &qr:/q•W# E:N.># EL/–# %$†8# $7B81rS# C=9./RLGY# <&R# T78#
E:N.{mJ#<R18#œq•./LIY##
#
‹kY#:/.@1#l%t(%1,#SB&/#1&8#E%=O8#:/.t+;#
##############+HBS=(#,/NH&/ƒ%t#+&/#;B1&/#=2%&#:/'$&/##
######:/&|t(#EQ-JN:H#2'&/.&.#%:&|t#2B&,(#
##############:/+(&#€+(1('#€+&/$&,#08'81#.7Q"#
#
C1(B># o# $UL# $&:(&/.># &-.?I# &/LF$+(G# :(92%1S•# T78# EFGHI#
:/&$(G# %:&$(Nm.-.F?s8# &.(&# :K/+/@# <q•S# C=@7# :/&|t(:(&8#
C=9&1r# <B;&GNY# $/.–8# .N:8# C.(|t# +(FGm# ¡qt-.># %1(RV#
:ŒF$stR# ‚B:F'# ‚B:N# :(&2%1((/@# C:@7# :@7:N.?(.# <B;&GNY#
lG(@# E:N.?I# <;&# t812%1(N# MR1I# +&/'(*(/R# &/B,($HF&# ‚BXFL#
6S=(/H&(%7#Et-./:/•./LIY##
#
‹uY#2'&/ƒt(#&Nm.(4(8#2'&/1&8#B=(8#&($#+*ŸO(8##
##############1(/ƒ.('"#0(8,(8#2(/148#E&N:(-.'0%+("#
######2'&v1"#&HH:(,(8#2'&/mB&/"#EC0w#&(10#./'(8#
##############2'0H&/8#08:/H%&"#2'&/=&/#+&v=(,#14/&/"#
#
C1(B># o# M&/N:(&8# C=91:N.?/R# :(&8# EFGH&/UJ8# $V2’# C&(/:/mJ8###
sm&/.># ,/FL;&F:“# Bm# %:&-.{mJ2# C1(B># %1(RV# 6>?F:“# +*ŸN#
%:&-.{mJ# <B21/t$(.# 6>?F:“# 0($# %:&-.{mJ2# C1BF$# %=N21F:“#




!+&/'(*#02&&/########################

E&N:4# %:&-.?/R# T7&G8# %1(RV# 6>?F:“# *v:(H$(# $UV8# 1'$(H$(#
&HI:HF&S# =(/+(G1r# .(|1/mJ8# :/?m.(.# 6>?F:“# :(@$v./# %1(RL#
XG/:N.?/R# C=(U.F?H# &-.># =(+7(.# 6Ft+F:# A# <21r21qt#
1(ƒ+m.('(/R#š@.>#,$I#EL/–mJH#C&?/F:#}U1•H&:@7F:+(.#6>?GY##
#
‹~Y#Q&#E:H%+#3BH%+#Q(/#='4#1-%.BQ#s%.#
##############,/1H,;&/# .(;H+8#./$1/#+&/#‡2BH#14/&+"#
######•,(®'#P.;&#HBQ/4#Q'#%Q'81#QŸ&’m#
##############2'%1=(&/#ŽŸ&'#2'4&/#1(/Q('#2'&/’:"#
#
C1(B># o# EU1$(G# 17R.F?# E?/m.:@7# <;&/'RW# XB.RW# ,(RX.RW# =/:RW#
:/,(+.NW# EmG/# $UV8# ˆ(/+R# %1(RL# C&9:-.F?# :4-J:F&#
<'($()*(/R# š@.># &•HI# ,@:K/21•H&/+1r# 6>?GY# <€:(V# &•21&R#
T78# M;&:/&$(G# JULX8# E|t(&1r# 6>?GY# ,$I# <&+H&/UJ# <G/F$F+#
E?/mJ81r+(.#6>?#M8C1B$(G/R#C1(B;&/+#&($F'H#&/B:r.?/R#$vI#,$I#
$G8#••1q•>?#,/F7F+#}U1•H&/:/•./RLGY##
#
‹„Y#+&(‡&##P:#ENH&(#+&/#;B1&/#0•m&/N#:/*+%&#
#############0Ÿ&(#0;%&(Q#E2&/"#0Ÿ=(/&#:/1m&/"#SB&/$&(8##
######.&(#HB2+H#C.w&PJ&#.7Q#%.(7(Q7#Q&#
#############H(/%:&v#,/N%:&#2'=$,#:/%,(&#2'4/+/,v#
#
C1(B>#o
C1(B># o#+&/'(*(/R#š@.>#EFGHI8#6|F$F+#$q•%$#¡V:&(.#6>?GY#
<R18# E?/m.:@7# E$/N&8# MR1I# .t7(.2# C1B./:;&I# %1(RLGY#
%:&-.?/R# :K/# ,tmJ8# F:&/.N.># C=9&# ’|4/+8# MR1I# 1mJ:$(G# ,/F7#
C1UV# 6B:8# M•H&I# %1(RV>?GY# $UL# $&-.F?S# =(N;&:N.>W# &-.?/R#
.N:8# .('4$(.# %:&-.># ¡V:F&# }U.($@W# M;&# ‚B# :(&H&/UJ8# .('48#
%.qt1r# <B;&GNY# <&G(@# %:&-.># l‰;&# :BH&8# EFt;&GY# <;&#
:BH&HF&# :/7m./W# <R18# 6|t(mJ:&/@# lN:8# C.(|•# +&/'(*(/R# š@.>#
6>?GY##
#
‹‹Y#SB&/#S%'(4v#ˆt(1&#1QŸ$%&#7™$4#$%&#
############P:1Ž#PH&(;#%&(O(;#:/&&#$&/"#l%'(1+&/#+"#
######P:#QP%&,#6HŽ/2F&"#0#.#†#,/*.(H%'OŸ#1QŸ?8###
############.?H1/N#*81(F7N#..,#&78#lŒ81&/#*t"#
#





!+&/'(*#02&&/########################

C1(B># o# %:&-.?/R# M@F7+(.# 6>?# %:&(;&-.?(@# $/.–8# $&/m.21•8#
:/&H&/@# <'($()*(/R# …H&(;&-.># 6>?GY# <21r# 6>?%1(I# &(‰;&#
EL/–>?#‚B:R#&GI#$&H&/@##,/FGHI>?#%&(O8#,/FL;&#:(&-.>#C.(|•#
+&/'(*(/R#š@.F?H#&(‰H&/2#%1=m¡•8Y#<&R#T78#.|4(r#%1(RV#E:R#
$&H&/@#6>?#JUL-.%?#1/'&/1ŒHI#:/•./RLGY#<I#M21r#6>?I#MRL(@#A#
l.(+H&/R#$vI#%=V#‡=#M|¥8#‚B:R#F.#,/FL+#%=UFL#M•HI##l.(+H&/@#
›=# XU1qt(RY# EF:# E:R# $v%&# :/¤;I# E•H&8# C=9&G# o# <I# %1(R%L#
EL/:UL:R#C=9F.#6>?IY##
#
‹•Y#,/'(%7(%.#%7(%.#,/B1&/#1'#P%,Q#1(/&"#
############+&/#™$(2BH#&v1"#+&/#,#.Œ#*(y:@+&#<Q#
######EQ-.('#H:(;&8#:/*Q&/#.&-.('8#E,.("#
############J&Nm.#€+(?#Š.8#J$&/#$&#1(&(?#JQ'8#
#
C1(B># o# <;&# 67./@# EL/–# MRp8# ‚?/# <@7($@# EL/+(F$# MRp8# <B>#
$q•%$# ˆ‰;I>?IY# <;&# <BF?# ,vmJ8# ‚?/+(.# 5&v1$(.D# +&/'(*N# 6>?(NY#
<;&H#&v18#M(/+#6&–8#M|F4+(.#M8C1B$(G/t8#E:N#C.(|t#l‰;&#1m&/#
6>?IY# <€:/&8# <;&H# &v18# M(/+:/@F7# MRL(@# MRG# %,(/•8¢# :/O8#
C.(|t# *;Im.># 17–8# ,/FL;&# $UL# $&8# MRp8# JF.+/@W# EL/–>?:N.>##
&>?21q•m#./t21(N.>#E@7:(¢#
#
‹‘Y#+&/#™$(2BH#HBƒt8#$&8#<Q#,›,8#&&1/#./8##
#############&&"#2'(m#}:#E;+H#:&#&&1/#./8#:N4#,/.%O#
######,/=(8+;&(8#+H:(#,/*$&#&/'P.('#:/.$(H#
#############,/'(&-.("#t-.#H'$/t#JQ%&:#2'2B&+"#
#
C1(B># o# <;&# 67./@# +&/'(*N# }U1•H&/+# :/=/ƒt(HF:&8# MR1I# .(7#
:(/F=+/@# 1/RGN# }U1•H&21qt# ‚RL(.%:# <Bm.7(8Y# $UL# $&-.># <&UJ#
XRGN# 6|t(GF:+(.%:# <Bm.q•8Y# <&G(@# E;&# $&-.{mJ# MRG#
C1BF$# 6|t(.2# %1(./LI¢# &-.?I# …H&(;&-.{mJ# M;&:/&$(G##
M&/N:(&X8# <@7($@W# .:F7# <RL/# E@7%:(# t-.NW# H'$/tNW# JQ%&:N#
%1(R%L(N#<B;&GN¢#<:N.{Ft+#…H&(;&8#MRp8#P:('P+8#+&/'(*(/R#
…H&(;&HF&#6F'HI2#1(NH&(@#E.21•8Y#
#
#
#





!+&/'(*#02&&/########################

‹•Y#0Ÿ&(#l0('8#!$H#+&/:'#’:"#S%'(H'#JQ%'#
#############,/O/n=;&/#;+n=H#,/.$#.(/$(4"#214/&+"#
######+H#lP:(&#E2+(0#2'=+#$Q/$#6@7(…&#&/+(8##
#############0&(#lP:(H+8#.(%7#&H#E8B&8#E,;&8#0Ÿ$,08#
#
C1(B>#
C1(B> o# +&/'(*(/t8# 6B:(./+# š@.># EFGHI8# %:&-.?/R#
C1BF$.F?%+# &(‰H&/# ,/U.S# C=9&GY# <21r+(.# 6+N;&# C1BF$# C.(|t#
EF:W# C=:/.?/@# ’J;I# E$/N&8# %1(RL# <R18# }U1•HI./RLGY# E:UFL#
Erm.r2# 1rHI# l'(9;&1r# 6>?:N.?/R# EL/F:# EF:# 1R$t-J# $7'S#
C=9./RLGY# EF:# %$(Ž8# }U1•H&/W# E&R# 1/RGN# ./q•8# 1'8C1(B># MRL#
E$/N&H&/FG2#C1L–8#:K/#C=9./RLGY##
#
‹—Y#+&/#%Ž(4v#1NHI"#+H#<&8#E,/&8#%1(.#*,&(#
#############=/'"#S%'4v#*Ÿƒt8#&H#<Q#HBt1;&8#2'1:&/##
######E:/H+(#E'|+(,v#JQ'#:/Q';#$($.#$,"#
#############2'$(H+;#$(&-.#2'&$#,/.?8#1(&#s.?8##
#
C1(B>#
C1(B> o# <;&# 67./@# 6>?# <R1-.F?# ,(t($@# :(‰./RL# $m.?/R#
:(/F=+(.# 6>?# &F7.?(@# &(-.21•:I8W# <F4+(.2# C1(B;&/# 6>?I8#
MI#MRL(@#C1BF$#6Ft+#+&/'(*(/R#&($F'2#%1(RL#&/B:r.>#lJ8Y#<;&#
67./@# 6>?# .(•.?/@# $/.–8# C1(/+# .(t(.# Eyz(G8# MRL# .(•# 6>?IY#
<;&m# .(qr@# EF7s8# $&8# C.(|t# +(FG# %1(RV# MR# $G8# 6>?IY# <;&#
+(FGF+#Etm.:@7#:/7-J#%1(RV#+&/'(*(/R#&/B:r.>#$q•%$#6>?GY##
#
•˜Y#0›H(v#Xm&(,(8#0.7#*.%&,"#2'=$,v#
#############.(v%+(1/"#&vNHF&"#61=/&#'0(#+(X,#XF."#
######,/BS%=&(#,/8,#<&'8#E1/#0$(27(:+&/#$(8#
#############+HBS=(#:/%Ž1(H#+&/1&/#&+(#&/€+#&r,v#
#
C1(B>#
C1(B> A# Xm&/# C1LH# &J&/+(G# %=&GN.F?# 6B:(m./+1r# 6>?I“# <;&#
67./@# 6>?# 1(:-.># EFGHF&s8# ,vm./+1r# 6>?I“# $/.–8# 6+N;&#
l=(N+N.?(G# l?:;&(N# %1(RL:N.?(@# C1BF$21•H&21qtI# o# <F:#
MRG# MRL(@W# :UL($@# Š•8# .-F.# %1(RL# +&/'(*(/R# .BF4# C:>?8#
lJ8Y#E;&#C:>?$(GI#+(BmJ8#&(K($@#,(R#<B;&(†8W#&GI#C.(;&?/2’#
T78#MR#$vI#1(9;IW#MRFG#E:'I#&/B:r.?/@#T‰.#F:m./LIY##
#





!+&/'(*#02&&/########################

•kY#=/;&(#%=O#I'NH&#&;I'#:="#.;H,(#=&#.';H&/7("#
#############…H&(;&("#,#0$/;&%&#+&/1&/#m';H&#E)0;&(+/,/#
######Xm&(#•m&/#:/•H&#…H&#&r,v#ˆt(7#ˆt(1&"#
#############./8#J@+(8#.7%+&#.|t#1'•N#$|¯.#$n*•O/.(8#
#
C1(B>#o#
C1(B> $UL# $&H&/GN# &:L(G# .BHI.F?# M2%1(I8# =/;&/H&1r%+# 6>?GNY#
<H&F.+# =/;&/H&@# $q•%$# E:N.># C1UL# 1+G(.–8# 6>?IY# E:N.>#
<+UV8#š@.>#M21r#6>?G#MRL(@W#E:/‰m.#<+7(&#17#XrS•m.>#6>?#
.;&@# I4/# %1(RV# 6>?GY# <&R# T78# E:N.?I# …H&(;&-.># :/?-.($@#
6>?GY# <H&F.+# š@.># +&/'(*(/R# š@.F?m# .UL:G/t8# &F7m.(qt(IY#
•9F$+(G# .-F.+(GI# XHIS=/21/.># 17# 6B:(J8# <t$(.# 6>?I“#
<&FGH#&GI#&F7+/@#F:HI#EKJ#1(NmJ8#=/:C1B$(RW#&:F?.>#,/FL;&#
,&/F+H#&GI#&/BXr+/@#F:HI#C.(>:(%G(¢##
#
•uY#:;%&#&8#+$/,(8#I';&'8#EQ8#$(,#E;&.('#HBQ(#
##############1;H&(,8#1(/1;H&/,(8#,/*#HB=(#B;&(,8#<;&(,+(#
######&H&8#%+,#&+(#0Ÿ&(#E8’#,/&/,(#ªH:(#:/•H&8#1+"#
##############.(%7#,"#.(/F=7#mBƒ4#*7&"#.(-Ž(&/.8#:NO&/#
#
C1(B>#
C1(B> o# +&/'(*(/R# .BF4# MR1I# ENH&8# ,/FL;&# :UL(&# .t@# %1(RLIY#
EH&F.+# +&/'(*N# &GI# &/BmF..?@# E?/H&# ’G/&$(G# ,vF'# EH&/./(/+/@#
5.(n=/D# 6>?# :'&'*R# :((/21BJ./RL(RY# %$.8# %1(RV# <€:/&8# 1B./+#
E:RW# 6(/+# .(7H&/@# E;&# ,vF'# ,8# $vI# 17G(.2# C1(K/./RL(RY# &(R#
1B./+F&# :/t# E&/.$(.%:# C1(K/./RL(RY# EQ-.('8# MRL# <B># ,v-J8#
:/&$(.2# 1(NF:# 6Ft+# +&/'(*(/R# .|.># ‚BXFL# :/K/HI2# 1(NH&(%7#
%1(I$(GI# o# <&R# T78# $UL# $&H&/GN# :K/F+# EFtHI# :/•./L(NY# +&/.?/R#
&F7:'(.#6>?#E;&#<'($()=F'#,(R#:4-J./%LRY##
#
•~Y#.(O(%+4#mBQv&#ª&#:0,(#&|FtP#H(/1/N#$|r&(#
#############0(#TNH&/"#X'$NH&,P+#*+&/#H'9+;&#08'Ž/4v#
######+H#2'mm+(1/&#&vNH&#:NH&/&#&+(8#E2+P+&(8#+H#J4(H#
#############l…;%&("#E,/&8#2'%&=#,/+&(#.vNH&/"#2'*(.NH&/#,"#
#
C1(B>#
C1(B> o# XR’# ‚B=$+8# M8C1B$(R# &H&(H%'+# $Q(/O/+(.# E:&('8#
C=9&(RY# E:R# E€:/&8# E:&(/HI# .(:/# lFt# C.(|t# 0;;+(0# %:t8#
}UL(RY# E&U.(.# H(/&|tX8# F.+/@# C.(|t(RY# <€:/&8# %:&(;&-.F?m#
.(HI# ,/RL(RY# E21r21qt# E;&# &H&(H%'+# TNH&/# %1(RL# :r:8# C.(|t#




!+&/'(*#02&&/########################

<'($()='(.%:#M8C1B$(R#E:&(/H&(RY#&H&(H%'+(/R#:r:HF&m#.(qr†8#
<;&#:r:8#%$†8#%$81q•#6>?IY#<21r21qt#+&/'(*N#&GI#š@.>#T78#
6+N;&# …H&(;&-.F?# C:?/+/q•# EB?/G(NY# EH&F.+# š@.># T78# ,$I#
EL/–# %$†8# Š-.2C1UVW# ,(8# E:BFt+# .BF4F+# ,/FGH&1r# 6>%?(8Y#
<&G(@# ,$mJ# $/.–8# =/L2’# ./q•./LIY# ,$I# <;&2# ’.K(GI# .t@1'2’# MI#
:F'+/†8#6>?%&(#EI:F'+/†8#1'–./LIY##
#
•„Y##Œ2%0#7™$4#%+(./,"#1&s.8#'HH+(#1'(.#=t(#
##############'Ž(#l%'(14#&;+#0•(/#1(/OH#®$;&®$(#E;&/.8##
#######1/Ž(#1N+t,#Ž%4OŸ#1/1'(n=m%'#.?H#./@1/O(#
##############+H#:/;+(=#$/%O4#1H'#$.(v#XH'(8#0XH'#E81'(#
#
C1(B>#
C1(B> o# +&/'(*N# ›&/.># :K/%+# ,tmJ8%1(I# E;&2# ’¤&/.F?H# &-.>#
&F7+/@# 17B8# 'FŽ# MRV# &(/m./RLGNY# <&G(@# 6+N;&# ’|4/+8#
C1ULGNY# l.# E;&2# 1|r&N.?/R# &F7.?/@# M2%1(I8# &/B:rH# I.>.?/R#
:r:H&/@# +&/'(*(/R# &/B:r.%?# ,/F7HI>?GY# EH&F.+# &/B:r.F?# ,(p8#
C1L# :/B8’./%LRY# <:N# E€:/&8# ,t;&%1(I# MRG# ,/.‰;&I¢# E:N# &$I#
1/FŽm.(.# 67–8%1(I# E:'I# &($F'# %1(RL# &/B:r.># <;&2# ‡$/+/@#
1qtGY# .tF7H# &GI# lFt# %1(RV# E4/;I>?# ‡$/+(GIW# <&R# T78#
•9F$# EFt;&IY# E:'I# &/B:r.?/@# 6>?# C.(rW# $vR# %1(RL# =/RG-.>#
T78#‡$/+(GI#•9F$#C1ULIY##
#
•‹Y##,(,(#&;H'#:/%7(1/%&,#$,0(#,/N4v&#IN,v&1/"#
#############.ƒt8#JH…&#HBƒr1/N#+&/#1%&"#l%&0#F:%&=/F."#
#######€+(0"#Q(0#1&vmB&"#1(/3B&"#2'(%=&0"#%=&0"#
#############m†2&"#%.?/#•."#•."#0#=#X&(#1(&(+#%1(&(+,"#
#
C1(B>#
C1(B> o# <;&# 67./@# 6>?# 17B8# =(P&/'-.{mJ2# ’L81(.W# :n=FG#
,/FL;&# $G8# C.(|•# .U1/m.21qt# &:L(G# &N$-.F?m# C.(|•##
:(‰./RLGNY#E:N.>#+&/'(*(/R#61%&=-.{mJ#$(UL(.#=/;&/H&1r#6>?GNY#
<:N.># $G&/@# ,/.‰;HI# MRG¢# 6+N;&# €+(01.:(R# E:N.># 6>?-.?/@#
M>?/# ,F.+(t21qt(N“# :(@$v./# XG/:N# :/7m.21qt(N“# •.# XG/:N# ‚B# ./?/#
MRV# :/F?+(•8# C1(B?(.m# .B&21qt(N“# ’.‰# C1UL# %1(&(+,N# 17:/&$(G#
$V2’.{mJ#l?(G(NY#MRG#C.(•F$#<I¢#
#
#





!+&/'(*#02&&/########################

#
••Y#ENHH+(#&/ƒqt&/#$($/.(#$&/"#EC0w#l*;$#'(*;:&v#
#############1H+(#08+$/,(8#E%,,#*.&(8#EH+(Q/&#%=&/,(#
#######+H#0('P:&#Im&#0(.'#0Ÿ&(#…H&#¦O&(#P:(&/,(8##
#############2'P:(1(+#,#%1(1›&/#1.:;#$(+(#$Q(#+($/,v#
#
C1(B>#
C1(B> o# MGI# ’H&/# M21r21qtI¢# <;&# 67./@# }U1•8# ES=8# EFGHF&s8#
,vm./+:'(.W# +&/.?/R# &F7:'(.# 6>?# <'($)=N# T78# MGI# ’H&/+/@W# ,(R#
1/L;&I# X&@# E:%'# 6>?(NY# <&G(@# MR# ’H&/# =v'(GIY# <H&F.+# +&/'(*(/R#
š@.># MRV# E$/N&$(./+# =/H&# $B;F&2# 1B./+:N.>W# M8C1B$(G/R# $(F+#
MG21•8#2'mB&/+(./+#,v|t#<'–#MR1&/@#$+-./#6Lm.8#C.(>:(N.%?(¢##
#
•‘Y#•H&(#%&=#:=8:&vmB&#+&/#%Ž(4v=#:(4v#=&(#
##############2'H+(&/ƒt#1Q/N.&/"#SB&/#=/'"#2'0(&8#l®&&/#
######Im&#6&;:H#E1H+#0;,/&/#0&(#0(%$(&#&(%$(&'#
##############S7™4#l%7(.,#C&wN7ŒH+#7Œ&#6;%$O(#$,vO(#$$#
#
C1(B>#
C1(B> o# &/B21(U.tŒ@# E:&('8# C=9&# $Q(7™$/# EB%.# 6>?&(@# !$;#
,('(+4R# M2%1(I8# $./‰–tR# 6>?(RY# E:R# MRFG# ,RL(.m# J?/'2#
1(NHIW# &GI# .t(ŽHF&# E?/H&(RY# <&R# .('4$(.# MGI# EL/–# $7N;IW#
MGI# ’H&/# $/.–8# •9F$# EFt;I:/qtIY# <;&2# ’H&/# T7X8W# MGI#
l=(N+G/R# XFL+(G# 61%&=8# T7X8# +&/'(*(/R# š@.># EFGHI8# MR#
’H&/mJ# E.21qtGY# <&G(@# :/7m.21t# %:|r+# :/O+-.?/@# MR# $G8#
C=@7($@#6>?IY#%:&(;&8#MRL#6+N;&#,/F7F+#$q•%$#Mqr+1r#6>?IY##
#
••Y#l0&(8#,($#+&v;H'#1H&&/#*ŸO(8#l*(,#•H&(#$&/"#
##############&H#E€+(*#:/&m&#Xm&##$I'8#0('P:&8#=(P:&8##
######%.(#:(#=ŽŸ"#6&n=%+H#E1/#’'"#0(%t(1#&Nm.#=t(#
#############=PH'(#0=PH(/#:/Q('#082B&#'4(#lP:(%&OŸ#:(%&OŸ#,"#
#
C1(B>#
C1(B> o# +&/'(*(/R# 6+N;&# $(Nm.HF&# EFt;&:N.># &(-.># 1/L;&I# X&%7#
=(/+(G# z(G8# C.(|t:N.?(.%:# 6>?GNY# E:N.?/t8# .8ª'8W# EKJW#
<G/F$# l./+:UVtR# ¡r+# ,/F7+(G# .@:/# <+UF.+(.%:# EF$;I>?IY#
$/J;&# &81qt8# C.(|•# M&/N:(&8# C=9&1r# $UL# $&H&/GN# :(&2%1(BmJ#
:'m¡•8Y# E:N.># XR’# ,(8# •F:+(G# +&/'(*(/R# š7.># 6&:/stR# :(&8#
C=9+#,/RL(@W#,$mJ#XR1(.m#.|F4H#&/L;I#1(NH&1r%+#+(N#,/U1(N.>¢#





!+&/'(*#02&&/########################

•—Y#1N+(2&8#1N+F=O8#.4#='4#.&(8#lŽ1(&8#=/=/%Ž#
#############$v$(80(#$(807#lH$(#0$*,/O/#XQŸ"#0(-mm+#%+(C.w#0$(mm+8#
######<H&8#F&"#F&"#+&v;H'#HBr&#1QŸ#8BO(#&;H'#.(;&('#1(;HF&"#
#############E;&N%$(Q#Ž1#E;F&"#EQQ#./8#<Q#,"#=/;&,v+8#&,v+"#
#
C1(B>#o#.4(&(/R#F:%=O/.#$&8#1UL/#%&F:+(G#E?–#EL/;I#C.(|%tRY#
C1(B>
C.w&$(/R#$&HF&s8#EL/;%&RY#F*$/G/+/R#$v$(8F0#$&HF&s8#.UVW#E&R#
T78# .G8# C.(|t# C,n=8# C1U%LRY# .1/7(/R# 0(-./+# $&X8W# 1&n=Œ+/R#
%+(.# $&X8# $v|•8# $v|•8# MRG(@# .U.21qtIY# <€:/&8# C1(9+(G#
.BHIm.F?# 64NH&:@7# 17# $&-.># <;&# 67./@# .(•.># %1(RV# ,/'81/GY#
E;&m# .(qr@# Eyz(G8# MRL# <B># ˆ‰;&/B;&IY# E:UL/@# JBt(.2# 17N#
EF7;&1r# <B;&GNY# <;&m# .(•.># EFGHI8# +&/'(*'(@# ErstR#
EK/m.21qtIY# <;&m# .(7H&/@W# E;&# $&-.?/R# 1FK+# C&(tN’# :(=FGstR#
<RGX8#=/7N#6>?GNY#E:N.?/t8#.7;I#=/;&/m.#MRG#6>?I¢#
#
‘˜Y#.(&(#&(&(.&(,(8#.?&/#.$,/.(#.(1/©#m:(1/#©,(#
#############Žv4(#.(4(&#:(4v#HBQ/4#Q'#./'"#C0w'18#,('1;%&#
######Ž($(#C.w$((/7#6m&/"#*.&/#JB$&8#C.w':(H#•':(;&8##
#############.(#=-.(#=-.'#l%&"#1*&/#+&/#1C&w#1H'#%:&v8#H(/%:&v8##
#
C1(B>#o#TRV#%:&-.>#T78#EF$m.21qt#…8Q(0GHF&#EFt;I#E&/@#
C1(B>
+&/'(*N# M¤;&B?/G(NY# 6t%G# ,/.‰;&I# MRG¢# C1wH&N.?/R# :(&8# 6t%G#
,¤:/+IY# .1/7N# 61%&=/H&# $(Nm.8# M-%.(# C=RV# 1I-./+IY# .(4(&(/R#
61%&=8# $FL;&IY# ,(RX.RW# =/:R# l./%+((/R# $&-.># ,V$48# <K;&GY#
J$((/71qt(/R# :(&8# %&(ULIY# 1/'1(.'(/R# $&8# .U1FG# E&/.$(.#
6>?C&RV#:/7m.21qtIY#=-.'N#%1(R%L(N#:(&X8#.|rm.21qtF&m#¡L#
%:|•$(¢#
#
‘kY#:/ƒ:m#€+(1/,/#E.(%&#+&/#;B1&/#+="#081H#}.#EN4%:#EP$/;##
#############S'H&(#•H&#E:.(FQ"#•1#$&/1/"#EC0w#%:-.%t="#E1/O/m&"#
######2'yz(#C&?N*;+#.N*H#2'&/.&.#:="#•7#:(•7#€BHH+(##
#############02&H+(#0(':H+(#0$&)&#0&(8#2(v&/8#}&(8#0%$&(8#
#
C1(B>#
C1(B> o# +&/'(*(/R# ’.‰# MRL# C1B-.t@# $/.–8# lK8# 6>?&(.–8W# M-J8#
1':/+&(.–8# 6>?IY# EH&F.+# .tŒ@# $/J;&# S'HF&stR# l‰;I# P,(G8#
C=9&:N.>#•+#z(G8#C1UL:N.>#l./RLGNY#<H&F.+#•9F$+(G#M|48#
C.(|t# E:N.># +&/'(*(/R# C&(|rU.(.%:# %:-.%t=G(./+# MGmJ# Xr#




!+&/'(*#02&&/########################

ˆqrGNY# <&R# T78# ,(R# C1UL# $./‰S=/# 1+R# C1L%:|•8# MRL# M|48#
.('4$(.# <;&# š@# <+UL21qtIY# <;&# šŒ@# 6>?# l‰;&# 0('(NH&8#
.('4$(.#›4(G#lt81'8#.7;&#:(&#‚Œ#M¤2’8#$UL#$&H&/G(/R#:(&-.>#
EFGHI8W# C1B-.(UV# XR’# ,/U.# <+7(&# 1n•# %1(RV# l+/GY# <21r+(.#
+&/'(*02&&/# MRL# <;&# š†tR# +&/'(*(/R# Er+(N.?/R# $./‰S=/# .7mJ81r#
lGIY##
#
‘uY#l=(#$&-. #.4(;#E:/O3+#%:.(;#
##############1(%&#+&/#Ž/&/#2&"#2'018#,/B;&;#
######.(N+"#.&(#lQ:#J•QŒ1/"#1%'O(8##
##############.N%4#0#}O#.:/&(Nm./.#…8Q,(&"#
#
C1(B>#
C1(B> o# &(-.># ¡V:F&# P&(1/m.# M|¥8# %1'(F=# C.(|t# $UL# $&H&/GN#
Etm.# <+7(&# +(FG# %1(RV# Etm.# <+7($@# 6>?GNY# E:N.F?m# .qr#
<¤HI# :;I# +&/'(*(/R# &/B:r.?/@# :Œ+m# .qr# F:21I# ‚RV# 6|•Y# MI#
MRL(@# A# .:/&(Nm./.# =/-.H&/R# .N*FG# MRp8# MGI# XKm.8W# E:N.?/R#
C=:/.?/@# ’J;IW# :(&2# %1((/@# 6U=(.8# C.(|t# E:N.{mJ# <;&# ,/F7F+#
}U1•H&/:/•8Y##
#
‘~Y#61=$/&#JHBƒr#:/17:(,(8##
############61,/O&(8#61=('#&v1/.(#<+8##
######.1?/&#1.:H#:/‡&/#sm$(8#
############&/=I#$&/8#+&/'(*#02&&/"#,"#
#
C1(B>#
C1(B> o# $UL# $&:(&/.># 61,/OH# :(/.{mJ# &-.># :/B218# %1(RV# C1(B>#
¡L/W# E:UVmJ2# C1B;IR18# }U1•H&/GNY# <;&H# &v-F.# +&/'(*N# ,vm./G(NY#
<21r21qt# +&/'(*(/R# C1BF$.F?# :/?mJ8# <;&# š7(GI#
61,/OHIm.{mJ# <B# 1m.X8# }UL/# F:m.21qt# &v18# %1(RL&(J8Y# <;&#
šF7m#.U1&R#T78#M8C1B$(G/R#©7(:/‡&/#$UV8#,/H+:/‡&/#l./+:UFL2#
1UL/+#z(GHF&#<;&#š@#E?/m.%:|•8Y##
#
#
#
#
#





!+&/'(*#02&&/########################

‘„Y#.'#&7#l$7.vmB&#0H#1&("#
#############SB&/#:&8…&#0•;B&#0•m&+"#
######&/:0#&('.+;&/#0$H0'(;#
#############+&/#’';&'#02&&/#0(&'("#
#
C1(B>#
C1(B> o# <;&# šF72# 1('(+48# C=91:N.{mJW# E:N.># %$U#
C.(>?%:|r+# $(Nm.$(GI# 6>?-F.# C,@Œm.G/# %1(RV# C&?/:(.##
’721q•:/•8Y# E:N.?/R# C=(U.># EFGHI8# %:&-.?/R# &F7+/@#
F:m.21•8Y# %$†8# E:N.># C=9:I# o# +&/'(*BFt+# …H&(;&H&/R# $vI#
C1(L(F$# C.(|t# EFG:F's8# 1.@# ,ŽH&/'8# %1(RV# ‚?/# JRV81rS#
C=9I#:/•:(N.>Y##
#
#
#
EFGHI7J8#:(K2#1/L;&#M8C1B$(G(N#:/O+$(.#
P:($/#,/.$(;&#$Q(%&=/.R#EB?/SC=9&#!+&/'(*#
02&&/#08‡N48#
#

#
&/B:'-.H#&/€+#&81&/.>#&/B:r.%?#='48#
#
&/B:'-.H#&/€+#&81&/.F?H#&n=8#EFt;&##
,8#<'($()=R#&/B:r.%?#='48#
#
<'($()=FGH#&n=8#EFt;&##
,8#•2’@1/>F?#&/B:r.%?#='48#
#




