You are on page 1of 254

>lnlalgmlhqm^pcix

Dwlozpl|txEl}sl{zv{v6.?t{zsp|lnwkqx}n‡mz|zx6.?%@:?;

¡½ÊÊËÂÍÐÇË¿ËÁÎÏ¿ËÌËÄ¿ËÈÅÏŸ½ÉÐÄʽÏÙ¿ÎÂËÎ˾ÂÊÊËÎÏÅ¿½ÕÂÀËÊË¿ËÀË'JBU1VOUPÅÅÎÌËÈÙÄË¿½ÏÙÅÒʽÅÈÐÔÕÅÉ
O‡yl{t}lwt‰~z|vznzp}~nzƒ~zm‡{zxzƒˆElxsyl~ˆn}qz}zmqyyz}~tEl„qozyznzoz6.?%@:?;tt}{zwˆsznl~ˆtylt
˾ͽÄËÉ
wƒ„txzm|lszx

Elx}wqpq~{zwyz}~ˆŠ{|zƒt~l~ˆSvznzp}~nz{q|qp~qxvlvz~{|lnt~ˆ}kn{~ˆn{q|n‡u|ls

E‡ylupq~qty€z|xl‚tŠ}znq~‡tnlry‡q{|qp{|qrpqytkvl}lŠ…tq}k{|lnwqytkln~zxzmtwqxvz~z|‡q{zxzo~Elx
tsnwqƒˆxlv}txx{zwˆs‡ts~qytƒq}vtz}zmqyyz}~quEl„qoz6.?%@:?;

Mlrplkpq~lwˆ6.?%@:?;xzrq~m‡~ˆ{q|q|lmz~lylpwk{zn~z|yzozt}{zwˆsznlytk
Mzopl{q|tzp‰v}{wl~l‚ttEl„qoz
ln~zxzmtwk{zpzupq~vvzy‚xzryzzm|l~t~ˆ}kn}q~ˆ}q|nt}yzozzm}wrtnlytk6.?t{zslmz~t~ˆ}kz{q|q|lmz~vqEl„qoz
ln~zxzmtwk‰~z{|tyq}q~{zwˆs{|t|zpqpnxk}{z}zmlxtyqmpq~slo|ksyqytkz~z~zpznt}ytst~}k{z~|qmyz}~ˆ
n}‡|ˆq

SqvzxqypqxElxnytxl~qwˆyz{|zƒt~l~ˆ{|qp{|qrpqytktvlslytkz~xqƒqyy‡q}zz~nq~}~nŠ…txt}txnzwlxtnvzy‚q
}~|lyt‚‡

wtƒylkmqsz{l}yz}~ˆ

~qytƒq}vzq}z}~zkytqln~zxzmtwk

z|lylzv|rlŠ…qu}|qp‡

Eol|ly~tuyzum|z„Š|q{q|qƒt}wqy‡ntp‡zm}wrtnlytkvz~z|‡q6.?{|qpz}~lnwkq~}nztx{zv{l~qwkx
 Tq|~t€tvl~Fl|ly~tuyzozQm}wrtnlytknvwŠƒlŠ…tu}|zvtt}wzntkqoz{|qpz}~lnwqytk
 T{t}zvpz{zwyt~qwˆy‡}wo{|qpz}~lnwkqx‡{zv{l~qwkx6.?
Pltwƒ„tq{zrqwlytktz|z„qoznzrpqytk
Pltwƒ„tq{zrqwlytktz|z„qoznzrpqytk

<b^kkljnqhl`lbop`clmfow`^ypo]`oc`cnoff,(4!5/40<^joicbqcpmnfkfj^px`l`kfj^kfc
plixhlpqfkrlnj^tfyhlpln^]lpklofpo]hpfmqmnfl_ncpckklal<^jf^`pljl_fi]


    

A:IJ:<D:
;ckefkl`wcb`fa^pcif sl{|lnwku~q~zwˆvzyq‰~twt|znlyy‡xmqystyzx}zv~lyzn‡xƒt}wzxyqytrq

K
}zz~nq~}~nŠ…txqn|z{qu}vtx~|qmznlytkx#

>fecixkwc b`fa^pcif sl{|lnwku~q ~zwˆvz ptsqwˆy‡x ~z{wtnzx }zz~nq~}~nŠ…tx qn|z{qu}vtx


~|qmznlytkx#

A:IMKD><B=:L?EX
;ckefkl`wcb`fa^pcif mqpt~q}ˆƒ~znvwŠƒqy}~zkyzƒy‡u~z|xzs}~lyznt~q|‡ƒlo{q|qvwŠƒqytk
{q|qplƒtnyqu~|lwˆyzq{zwzrqytq{zwyz}~ˆŠz~zrxt~q{qplwˆ}‚q{wqytkyqylrtxlkyl{qplwˆolslsl~qx
{znq|yt~qvwŠƒslrtolytkn{zwzrqytq**tz~{}~t~qqoz}|ls{z}wq~zozvlvpntol~qwˆsl{}~t~}k

>fecixkwcb`fa^pcif mqpt~q}ˆƒ~znvwŠƒqy|ƒyzu~z|xzs}~lyznt~q|‡ƒlo{q|qvwŠƒqytk{q|qplƒt
nyqu~|lwˆyzq{zwzrqytq{zwyz}~ˆŠz~zrxt~q{qplwˆ}‚q{wqytkyqylrtxlkyl{qplwˆolslsl~qx{znq|yt~q
vwŠƒslrtolytkn{zwzrqytq"&t{zpzrpt~qvzoplz~vwŠƒl~}k}toylwˆy‡qwlx{zƒvt Y t m {znq|yt~q
vwŠƒslrtolytkn{zwzrqytq**tz~{}~t~qqoz}|ls{z}wq~zozvlvpntol~qwˆsl{}~t~}k

I:JDH<D:G:E?=DH<HKIE:F?GXWS?FKXF:L?JB:E?
Ezn|qxkpntrqytkvl~lwtsl~z|n‡|lml~‡nlq~zƒqyˆn‡}zvŠ~qx{q|l~|
Pq{l|vu~qln~zxzmtwˆyl~|lnq
ʽÀÍ¿½ÂÏÎÜÁËËÔÂÊÙ¿ØÎËÇËÆÏÂÉÌÂͽÏÐÍØ Pq{l|vu~qln~zxzmtwˆyl

 yl~|lnq }twt}~ˆk}z}yznzunzqtwtwŠm‡p|otwqovznz}{wlxqykŠ…t}kxl~q|tlwl|t}v{zrl|l

}twt}~ˆk}z}yznzunzqtwtwŠm‡p|otwqovznz}{wlxqykŠ…t}kxl~q|tlwl|t}v{zrl|l

ÍÅÎÇ¿ËÄÊÅÇÊË¿ÂÊÅÜÌËýͽ
ÅÉÂÂÏÎÜ

;?J?@GH?HLGHR?GB?DHDJM@:WS?CKJ?>?
Cn~zxzmtwˆ zmz|pznly }t}~qxzu {zsnzwkŠ…qu {z}~zkyyz z~}wqrtnl~ˆ vzwtƒq}~nz n‡|lml~‡nlqx‡
slo|ksyqytuƒ~zm‡mq|qryqqz~yz}t~ˆ}kvzv|rlŠ…qu}|qpq



VE?DLJBQ?KDB?IJB;HJT
H}wt{z}wq{zv{vtln~zxzmtwkE‡|q„t~q}~lyznt~ˆpz{zwyt~qwˆyzqzmz|pznlytq{z~|qmwkŠ…qq‰wqv
~|tƒq}vtu~zvƒ~zxzrq~{|tnq}~tv{z}~q{qyyzu|ls|kpvqlvvxwk~z|yzuml~l|qtzm|l~t~q}ˆn}q~ˆ
}q|nt}yzozzm}wrtnlytk6.?
Ulxz‚qyk~vzwtƒq}~nz{z~|qmwkqxzoz~zvltz{|qpqwk~}{z}zmyzwt‰wqv~
|zzmz|pznlytqln~zxzmtwkn‡pq|rl~ˆ~|qmqxŠylo|sv

DH>H<:XD:JL:
X|lyt~qvl|~zƒv$nylpqryzxxq}~qyq|lyt~qqqnln~zxzmtwq
Sqvzxqypq~}kn}qopltxq~ˆ{|t
}qmq‰wqv~|zyy‡uvzpvwŠƒlvlslyy‡uylvl|~zƒvq$


IE:GH<H?L?OGBQ?KDH?H;KEM@B<:GB?
R|lntwˆyzqt|qowk|yzq~qytƒq}vzqzm}wrtnlytq slwzo}z|lyqytk{q|nzylƒlwˆy‡‰v}{wl~l‚tzyy‡
l|lv~q|t}~tvln~zxzmtwk|znykmqsz{l}yz}~t‰vzwzotƒyz}~tt}ytrqytksl~|l~

JMDH<H>KL<HKH>?J@BL[

ty€z|xl‚tŠ|qvzxqypl‚tttnlry‡q{|qp{|qrpqytkvl}lŠ…tq}kmqsz{l}yzoz{|lntwˆyzoznzrpqytk
El„qozln~zxzmtwktqoz~qytƒq}vzozzm}wrtnlytk
Q}zmzqnytxlytqzm|l~t~qyl}wzny‡qzmzsylƒqytk
" wtƒylkmqsz{l}yz}~ˆ# z|lylzv|rlŠ…qu}|qp‡! ~qytƒq}vzq}z}~zkytqln~zxzmtwk


        





 

RSKDQSPCbRCPHN_ 


























  TSHGTUECVRSCENHPKb 























 
VTNQEP^HQDQJPCZHPKb 




















  RHSHMNaZCUHN_QUTHZMKUQRNKEC 









 
 



TKTUHOC ($ 


























  QDQSVGQECPKHTCNQPC





















 
MNaZK 







































  NaMEMS^[H 
































 
TKFPCNKJCYKb






























 GEHSK 













































   


VTUSQLTUEQJCIKFCPKb 



















 





`NHMUSKZHTMKHTUHMNQRQG]HOPKMK-
MQODKPCYKbRSKDQSQE 




















  OHXCPKZHTMKHTUHMNQRQG]HOPKMK








 
RCPHN_KPTUSVOHPUQE 





















  DCFCIPKM 



































 
RSKDQS^ 




































  MCRQU 










































 


YKWSQEQLGKTRNHL 
























  RQNMCGNbDCFCIC-RQNMCGNbN^I








 
OPQFQWVPMYKQPCN_P^LGKTRNHL 








  
WCS^










































DQSUQEQLMQOR_aUHS 






















  TKTUHOC' 

































 
RHSHGPKHTKGHPKb


























 




TKTUHOC'% 

































 
JCGPKHTKGHPKb 




























 
TKTUHOC$ 































 
RQGFQNQEPKMK 





























 
TKTUHOCSVNHEQFQVRSCENHPKb













 
SVN_ 













































  





 

TKTUHOC(
%
"
'
 





























 
JHSMCNQJCGPHFQEKGC 





















 
GCUZKMKRCSMQEMK 

























TKTUHOCQUQRNHPKbKEHPUKNbYKK 







 
TKTUHOCQUQRNHPKb CVGKQTKTUHOC 




























 
KEHPUKNbYKKTMQPGKYKQPHSQO 










  VTUSQLTUEQ#'&TFQNQTQE^OSCTRQJ
 


CEUQOCUKZHTMCbTKTUHOCGEVXJQPQEQFQ PCECUHNHOKUHXPQNQFKb8@2?;;?5d 








 
MNKOCU MQPUSQNb 


























  TKTUHOCRSHGVTUCPQEMK
EPH[PHHQTEH\HPKH 
























  SCGKQPCEKFCUQSC 

























 
   

TUHMNQQQZKTUKUHN_ 























  CMTHTTVCS^RSKQDSHUHPP^HENCGHN_YHO

 
MSVKJ MQPUSQN_





























  PCCEUQJCRSCEQZPQLTUCPYKK 











 
EPVUSHPPHHQTEH\HPKH 





















  JC\KUCQMSVICa\HLTSHG^ 














 

IJB;HJG:XI:G?EU






 

Flbcifoic`loplnlkkfjn^omlildckfcjmnf_lnl`qmn^`ickf]
Plwtƒtqt|l}{zwzrqytq{|tmz|zntvzy~|zwˆy‡wlx{xzrq~tsxqyk~ˆ}knslnt}txz}~tz~xzpqwt

 





   








 





 






 
 
 

F0M0004m
|t}



Dzvznzq{znz|z~yzq}z{wz}t}~qx‡nqy~twk‚tt 
Dzvznzq€tv}t|znlyyzq}z{wz}t}~qx‡nqy~twk‚tt 
Nqn‡u{zp|wqnzu{q|qvwŠ
ƒl~qwˆ}nq~l€l|t}toylwˆy‡zoyqu 
Mzxmtyl‚tk{|tmz|zn 
R|ln‡u{zp|wqnzu{q|qvwŠƒl~qwˆpnz|ytvtwzmznzoztslpyqoz}~qv

   
wlt{|lnwqytqxl|„|~y‡xvzx{ˆŠ~q|zx 
mwzvvyz{zv‚qy~|lwˆyzuvzy}zwt 
Yqy~|lwˆyzq|qowt|qxzq}z{wz}t}~qx‡nqy~twk
‚tt 
Tz{wzzmpnlwzmznzoz}~qvwl 
Rq|qpykk{zp„vlmqsz{l}yz}~t{l}}lrt|l 
Rq|ƒl~zƒy‡uk…tv
Cptz}t}~qxlq}wt
{|qp}xz~|qyl  
Rq|qvwŠƒl~qwt{|lnwqytkz~z{t~qwqx vzypt‚tzyq|zx vwtxl~ vzy~|zwqx  
Rq|qvwŠƒl~qwˆslrtolytk  
Rz
p„vlmqsz{l}yz}~tnzpt~qwk  
S‡ƒlo|qowt|znvtvzwq}l  
Rlyqwˆ{|lnwqytk{q|qpytq{|z~tnz~xlyy‡q€l|‡ slpytq{|z~tnz~
xlyy‡q€l|‡ {q|qvwŠƒqytqplwˆyz}~tz}nq…qytk ‚t€|znzupt}{wqu xyzoz€yv‚tzylwˆy‡upt}{wqu
5
MKEH<GT?H;HAG:Q?GBX DH>H<:XKBKL?F:$ H}wt vzp yq m‡w {|tyk~ nvwŠƒlq~}k




 {|qp{|qpt~qwˆy‡u}toylw}x
|ls
 

Gwkzmq}{qƒqytkmzwˆ„qusl…t…qyyz pqweR|qp{|qpt~qwˆy‡q}toylw‡t}z
}~t El„qoz ln~zxzmtwk z~ ozyl zy zm…qytkf

zmz|pznly‰wqv~|zyyzu}t}~qxzumwz
vt|znvtpntol~qwk6.?$vz~z E‰~zx}wƒlq}wqpq~{znq|y~ˆvwŠƒn
 



|lkln~zxl~tƒq}vtnvwŠƒlq~}kvzopl {zwzrqytq#$ !lsl~qx}yznln{z


E‡tsnwqvlq~qvwŠƒtsslxvlslrtolytk
wzrqytq"q}wt}t}~qxlz}~lwz}ˆsl
mwzvt|znlyyzunzsxzryz}wqpq~{z
Evlrp‡uvwŠƒn}~|zqyz‰wqv~|zyyzq {|zmznl~ˆt}{zwˆsznl~ˆp|ozuvwŠƒts
}~|zu}~nzvz~z|zq€z|xt|q~vzpt {|twlolqxzozvzx{wqv~l
H}wtslnq}~tln



   






|znlyy‡u}toylw{|t{z{‡~vqsl{} ~zxzmtwˆyqnzsxzryzzm|l~t~q}ˆn}q~ˆ
~t~ˆ pntol~qwˆ }toylw {|tytxlq~}k } }q|nt}yzozzm}wrtnlytk6.?

|t}
 F0M0005m {zxz…ˆŠly~qyy‡n}~|zqyyzunslxzv
slrtolytk
Ozpwt|znlyy‡u}toylwvz ECIPQMlrp‡uvwŠƒtxqq~}nzuvzp
~z|‡utsxqykq~}k{|tvlrpzxsl{}vq vz~z|‡u|lyt~}kn{lxk~tmwzvl{


 

T{q‚tlwˆy‡q‚nq~y‡qylvwquvtylvwq


pntol~qwkknwkq~}k{l|zwqx}{zxz |lnwqytk }t}~qxzu


 Gwk ~zoz ƒ~zm‡
qy‡|kpzxtwtyq{z}|qp}~nqyyzylpq …ˆŠvz~z|zozmwzv{|lnwqytk|l}{zs nyq}~tn{lxk~ˆyzn‡qvwŠƒtxlv}t
~lwtEl„qoz6.?%@:?;
`~zylvwquvt ylq~vwŠƒtplq~|ls|q„qytqsl{}~t~ˆ xlwˆyz„~vzm|l~t~q}ˆn}q~ˆ}q|
} }wzny‡xtzmzsylƒqytkxtvz~z|‡q pntol~qwˆ
 nt}yzozzm}wrtnlytk6.?

yl{zxyk~Elxz xq|l{|qpz}~z|zryz




}~tn z~yz„qytt‰~zuvzyv|q~yzupq Incbqmncbfpcixkwgofak^i Y


~lwt
 `l`ncj]b`fdckf]
VDKIEM:L:PBX
Ulmwt‚ln}qt}{zwˆsqx‡zmzsylƒq  H}wtnvwŠƒqy{|qp{|qpt~qwˆy‡u
Mlrp‡u|lsvzoplln~zxzmtwˆslnzpt~}k }toylwY ‰~zsylƒt~ƒ~z}t}~qxl


  



ytuylzpt~}k{zpvl{z~zx|t}





 

{znz|z~zxvwŠƒlslrtolytkn{zwzrqytq {|ztsnzpt~ }lxz{|znq|v yl{|t


"mwzv{|lnwqytk‰wqv~|zyyzu}t}~q xq|yl}{lpyl{|krqytk

xzumwzvt|znvtpntol~qwk{z}‡wlq~vzp
|l}{zsylnlytkylmwzv{|lnwqytkpntol~q  H}wt{|qp{|qpt~qwˆy‡u}toylwY
wqxƒ~zm‡z~vwŠƒt~ˆmwzvt|znv
 oz|t~{z}~zkyyzzm|l~t~q}ˆn}q~ˆ
}q|nt}yzozzm}wrtnlytk6.?

 


Mzp{z}‡wlq~}k~zwˆvzn~zx}wƒlqq}wt
mwzv {|lnwqytk ‰wqv~|zyyzu }t}~qxzu
mwzvt|znvtpntol~qwk|l}{zsylwvzp{q|q *$)1/-,,:$ 201/-(01!
plnlqx‡uz~vwŠƒl
 !01/-$,,:$!)*<6+-"21!:(
1''&01/-$0*')*<6.-#!$/
*$)1/-,,:$ 201/-(01!
   

Mlrp‡u|lsvzoplvwŠƒslrtolytk{znz|l ÅÈÅ
"$100'*;,:+2#/+
!01/-$,,:$!)*<6+-"21!:(
q~
ƒtnl~ˆ}kn{zwzrqytq#$ !‰wqv~|zyyzu ÌË̽Á½È ¿ ÄËÊÐ ÎÅÈÙÊËÀË
1''&01/-$0*')*<6.-#!$/
}t}~qxzumwzvt|znvtpntol~qwkz~vwŠƒlq~ ÚÈÂÇÏÍËɽÀÊÅÏÊËÀËÅÄÈÐÔÂ
"$100'*;,:+2#/+
‰wqv~|zyy‡umwzv{|lnwqytkpntol~qwqx
 ÊÅÜ
8
DEWQB






 

D:JLHQD: nfo
Mln~zxzmtwŠ{|twlolŠ~}kpnlpz{zw
yt~qwˆy‡vwŠƒlslrtolytktvl|~zƒvl

 


$}zpq|rl…lk
 ‰wqv~|zyy‡uvzppwklnl|tuyzozsl
{}vlpntol~qwk




   





 xqlytƒq}vtuvzpvwŠƒlvz~z|‡u |t}
 F0M0006m |t}
 . F0M0007m

yqzmzptxz}zzm…t~ˆ}z~|pyt
vlx}q~t}q|nt}yzozzm}wrtnlytk DEWQK>BKL:GPBHGGTF
6.?{|tslvlsqpmwtvl~znvwŠƒqu
 /' ./-#%$ !1-+- '* MIJ:<E?GB?F
!0$)*<6'')/1-6)
nfo (



 
Ml|~zƒv$}wqpq~|lyt~ˆnyl #-*%,: :1;.$/$#,:,-


pqryzxxq}~q
!-+2!*#$*;52 Oq~lwwtƒq}vlk n‡pntrylk n}~lnvl 
{|tnzpt~npqu}~ntq
Sqvzxqypq~}kƒ~zm‡nzpt~qwˆn}qopl
txqw{|t}qmq‰wqv~|zyy‡uvzpvwŠ  Rq|qvwŠƒl~qwˆslrtolytk


ƒlvlslyy‡uylvl|~zƒvq$
Qy




{z~|qmq~}kq}wt{|tpq~}k{|tmqoy~ˆ  Gnq|y‡qslxvt

v{|z‚qp|qlnl|tuyzozsl{}vlpnt  Q~v|‡~tq-slv|‡~tqv|‡„vt~z{wtn
ol~qwknfo
ÎÉËÏÍÅͽÄÁÂȈÊÂÕϽÏÊØÂÎÅ yzozmlvlopq{|qpz}~lnwkq~}k

 


ÏнÓÅŘ






 
 
ECIPQGwk~zozƒ~zm‡zmq}{qƒt~ˆ Z~zm‡tsnwqƒˆxq~lwwtƒq}vŠn}~lnv
ECIPQGwk~zozƒ~zm‡zmq}{qƒt~ˆ
{zwyŠ ‰€€qv~tnyz}~ˆ |lmz~‡ ‰wqv ylrxt~qvyz{v

{zwyŠ ‰€€qv~tnyz}~ˆ |lmz~‡ ‰wqv


~|zyy‡{|tmz|znny~|tvwŠƒqut
~|zyy‡{|tmz|znny~|tvwŠƒqut
yqzmzptxzmq|qƒˆz~{z{lplytk{|k Z~zm‡m|l~ˆqjpqwlu~q}wqpŠ…qq
yqzmzptxzmq|qƒˆz~{z{lplytk{|k
x‡}zwyqƒy‡wƒqu
  Gq|rt~qvyz{v ylrl~zut{q|q
x‡}zwyqƒy‡wƒqu


 

pntolu~qxq~lwwtƒq}vŠn}~lnv
 Q~{}~t~qvyz{v t{znz|lƒtnlu
~qxq~lwwtƒq}vŠn}~lnv{zvl
yq}w‡„t~ql|lv~q|y‡u…qwƒzv

   
sl{t|lytk









 

,-.)2  +-%,- ,%'


+1; 1-*;)- .-0*$ 1-"-
)))*<6!:,21'&&+)',$,
4-#'10 *'&)-)"*&+'*'#/2
 



"'+ - 9$)1+ )-1-/:$ +-"21


:1; .-!/$%#$,: ,./'+$/
-#$%#'1.*$#'1$&1$+61-
:)*<6,$.-.#*!/2)')#/2



   


"'+*<#+-0- $,,-#$1+)-1-





|t}
 / F0M0262m |t}
 F0M0013m
/:$ +-"21 ,$6,,- ,%1; ,
),-.)2
<T><B@GHCDEWQ;?A 
>BKL:GPBHGGH=H
Myz{vl t}{zwˆsq~}kpwkz~v|‡nlytk MIJ:<E?GBXnfo _ ,-.)2  +-%,- ,%'


 

+1; 1-*;)- .-0*$ 1-"-




pnq|qutmlolrytvl

Oq~lwwtƒq}vlk n‡pntrylk n}~lnvl  )))*<6!:,21'&&+)',$,


Myz{vl t}{zwˆsq~}kpwkslv|‡nlytk {|tnzpt~npqu}~ntq 4-#'10 *'&)-)"*&+'*'#/2"'+
pnq|qutmlolrytvl
 - 9$)1+)-1-/:$+-"21 :1;.-
 Rq|qvwŠƒl~qwˆslrtolytk
!/$%#$,:,./'+$/-#$%#'1.


Myz{vlR t}{zwˆsq~}kpwkpt}~ly



‚tzyyzozz~v|‡nlytkmlolrytvl
 Gnq|y‡qslxvt
*$#'1$&1$+61- :)*<6,$.-
.#*!/2)')#/2"'+*<#+-0-
Ezn|qxkz~v|‡nlytkpnq|qunvwŠƒlq~  Q~v|‡~tq-slv|‡~tqv|‡„vt~z{wtn $,,-#$1+)-1-/:$+-"21,$6
}k}nq~ylp{l}}lrt|}vtxt}tpqytkxt
 yzqmlvlopq{|qpz}~lnwkq~}k
,,-,%1;,),-.)2


  





 

 Z~zm‡tsnwqƒˆxq~lwwtƒq}vŠn}~ln ',01/2+$,1*;,-(.,$*'$01;
vylrxt~qvyz{v
0.$5'*;,:(2)&1$*;
Z~zm‡m|l~ˆqjpqwlu~q}wqpŠ…qq
Ezn|qxkslv|‡nlytkpnq|qunvwŠƒlq~
 Gq|rt~qvyz{v ylrl~zut{q|q }k}nq~zptzpy‡utyptvl~z|nfo
 


pntolu~qxq~lwwtƒq}vŠn}~lnv {|tmwtst~qwˆyzyl}qvyp‡tsl~qx
ylƒtylq~xtol~ˆ€yv‚tk{|qp{|qr
 Q~{}~t~qvyz{v t{znz|lƒtnlu  pqytk

~qxq~lwwtƒq}vŠn}~lnv{zvlyq
}w‡„t~ql|lv~q|y‡u…qwƒzvsl R|tslv|‡~‡pnq|kq}wtzpyltwtyq
   

{t|lytk
 }vzwˆvzpnq|qutwtmlolrytvyqm‡wt
slv|‡~‡{|lntwˆyz}nq~zptzpy‡uty
ptvl~z|ttyptvl~z|yl{|lnwqytkyl
ƒtylŠ~m‡}~|zxtol~ˆ

10

BA=HLH<E?GB?
0.-*;&-!,,:( Â 1/$()'



>M;EBD:LH<DEWQ?C



 

,,-01!/$#-)/2%<8$(
H}wtnzsytvlq~yqzmzptxz}~ˆntsoz 0/$#$-&)-,2'40*$#2$1
~znwqyttpz{zwyt~qwˆy‡vwŠƒquzm !: /0:!1;!0.$5'*;,-
|l~t~q}ˆn}q~ˆ}q|nt}yzozzm}wrtnl ./$#,&,6$,,:$ )-,1$(,$/: '*'

 


ytk6.?
R|t}qmqyqzmzptxztxq~ˆ ./',-0'1;!0$1;0$/!'0,-"-- 0*2
n}qvwŠƒtz~El„qozln~zxzmtwktvl| %'!,' "#$.-& -110- '4
~zƒv $
 T{q‚tlwt}~‡ }~ly‚tt 21'*'&5''
}q|nt}yzozzm}wrtnlytk6.?nnqp~n
{lxk~ˆ}t}~qx‡vzp‡n}qtxqŠ…t}k




   





|t}
 F0M0010m
tyzn‡vwŠƒqunzm…qu}wzryz}~tyq
mzwqqnz}ˆxt
Ulvrq}z~|pytvt}~ly
‚tt}q|nt}yzozzm}wrtnlytk6.?xz A^jck^_^p^ncghf`hiyuco
o~{z{|z}t~ˆEl}{|qp}~lnt~ˆpzvlsl bfop^ktflkkwjqmn^`ickfcj
~qwˆ}~nlƒ~znwlpqwˆ‚qxln~zxzmtwk nfo



 

knwkq~q}ˆtxqyyzE‡
Jlxqylml~l|quvt
Mzp‡vwŠƒquvz~z|‡qE‡yq{|tnqsq  Plrxt~qvyz{v z~v|zu~qxq~lw
~q}}zmzump~plwqy‡ts{lxk~t}t wtƒq}vŠn}~lnv
}~qx‡
Ulvtxzm|lszxytv~zyq}xzrq~





sl{}~t~ˆpntol~qwˆEl„qozln~zxzmt  Rznq|yt~qnty~ {|t{zxz…tv|q


wk}{zxz…ˆŠ~q|kyy‡twtv|lpqy }~znzuz~nq|~vt
y‡vwŠƒqu
 Gz}~lyˆ~qml~l|quvts{qylwl

 


t slxqyt~q ml~l|quv  mqptn



E}wƒlq}xqy‡nwlpqwˆ‚lln~zxzmtwk



 
 
yznzxnwlpqwˆ‚}wqpq~{q|qpl~ˆn}q „t}ˆƒ~z}zmwŠpqyl{zwk|yz}~ˆ
vwŠƒttvl|~zƒv$
 Tyznl}~lyznt~q{qylw nvwŠƒt
slv|zu~q qoz slv|~tn nty~ 
pz{zwzrqytk

 

   
9
DEWQ;?A KB=G:EBA:PBX




 >BKL:GPBHGGH=H
 

MIJ:<E?GBXnfo Tt}~qxlln~zxzmtwˆyzu}toylwtsl‚tt
pz}~{yln!6:2.002>>;=66.?

Oq~lwwtƒq}vlkn}~lnvlvwŠƒl sl€tv
}t|znlyl
MwŠƒ{|tnzpt~npqu}~ntq
 



 Rq|qvwŠƒl~qwˆslrtolytk
 Gnq|y‡qslxvt

 Q~v|‡~tq-slv|‡~tqv|‡„vt~z{wtn



   






yzqmlvlopq{|qpz}~lnwkq~}k
|t}
 F0M0012m


 







  





 

 
    


Q}yzny‡q€yv‚ttz}…q}~nwkqx‡qvwŠƒlxt}pt}~ly‚tzyy‡x{|lnwqytqxtwtmqsyqoz}wqpŠ…tq






 

Lfm Hphnw`^kfc A^hnw`^kfc :hpf`^tf] Hphnw`^kfc Hphnw`^kfc A^hnw`^kfc


b`cncg b`cncg `nceklale^jh^ _^a^dkfh^ lhlk lhlk
ok^nqdf coif coif coif
mncblop^`i]cpo] mncblop^`i]cpo] mncblop^`i]cpo]

 


MwŠƒmqs Rznz|z~vwŠƒl Rznz|z~vwŠƒl
pt}~ly‚tzyyzoz{|lnwqytk {|z~tnƒl}znzu {zƒl}znzu
}~|qwvq
}~|qwvt }z}~z|zy‡ h h h h




   

nzpt~qwk





Rznz|z~vwŠƒl Rznz|z~vwŠƒl
{|z~tnƒl}znzu {zƒl}znzu
}~|qwvq
}~|qwvt }z}~z|zy‡ h h h h



 

nzpt~qwk
MwŠƒ}
pt}~ly‚tzyy‡x{|lnwqytqx Plrl~tq Plrl~tq Gnzuyzq Plrl~tq Plrl~tq Plrl~tq
vyz{vt vyz{vt ylrl~tq ylvyz{vR ylvyz{v ylvyz{v
tpq|rtnlytqn tpq|rtnlytqn





ylvyz{v ylrl~zx}z}~zkytt ylrl~zx}z}~zkytt


mzwqq}qvyp mzwqq}qvyp
xtolytk xtolytq xtolytk xtolytk xtolytk xtolytkq

 




Fz|t~



 
 
Otolytqvlsl~qwk E‡vwŠƒqy Gnlxtolytk R|qp{|qrplŠ
¬ÍÂÁÐÌÍÂÃÁ½Û E‡vwŠƒqy Otolytq
yl{|lnwqytk |lnyzxq|yz sl~qxxtolytq ÖÅÆ οÂÏËÁÅËÁ
tu}nq~zptzpy‡u {|qp{|qrplŠ
~zwˆvzq}wtvwŠƒ n~qƒqytq{|t {|qp{|qrplŠ ÊØÆÅÊÁŽÏËÍ
typtvl~z| …qoz}nq~zptzp
}pt}~ly‚tzyy‡x mwtst~qwˆyz …qoz}nq~zptzp yzoztyptvl~z|l
{|lnwqytqx }qvypsl~qx yzoztyptvl~z|l
{|qp{|qrplŠ

 

…qqxtolytq}nq
~zptzpyzozty
ptvl~z|l


   
ECIPQQ~v|‡nlytqzvzy}nkslyz}{|z‚q}}zx|lsmwzvt|znvtpnq|quslv|‡nlytqzvzy}nkslyz}mwzvt|znvzupnq|qu


11

MKLJHCKL<H ;EHDBJH<D:JME?<HC





 

A:@B=:GBX DHEHGDB
MwŠƒxzryz{znq|y~ˆn|lswtƒy‡ <hiyuckfc
{zwzrqytknfo
Mzopl MwŠƒ ylzpt~}k n {zwzrqytt
 

 #$ !pntol~qwˆn‡vwŠƒqyvwŠƒ #$ !plwt~qvwŠƒt{znq|yt~q|wˆ



xzryzplwt~ˆ|wqnlkvzwzyvlsl pzsl{z|l

mwzvt|znlyl
Q{|qpqwqyy‡q‰wqv~
|tƒq}vtq{|tmz|‡yl{|txq|lpt <whiyuckfc
z}t}~qxl‰wqv~|z{|tnzp}~qvwlg



   


Nqovz|l}vlƒlu~q|wˆ{znq|ynvwŠƒ





|t}
 F0M0015m
xzo~|lmz~l~ˆ
n{zwzrqytq"

 "{zwzrqytq
RzpvwŠƒqy‡n}q
‰wqv~|tƒq}vtq{|tmz|‡
 
-"#:.-)'#$1$!1- ')-"# ,$ !:,'+(1$
 &&sl{}vpntol~qwkn|qxqyyzq


 

+- '*;!0$"#!:,'+(1$


)*<6&%'",'!-!/$+
{zwzrqytq )*<661- :./$#-1!/1'1;0*26( #!'%$,'2*; 2#$1!1-+1'6$0
Rq|qvwŠƒl~qwˆslrtolytkzmz|pznly ,-$!)*<6$,'$./' -/-!.-01-/-, )'& *-)'/-!,))1-*;)-:.-
‰wqv~|zyyzu}t}~qxzumqsz{l}yz}~t ,'+'*'5+'$& :!(1$01!'1; .:1$1$0;2#*'1;)*<61-1)%$
vz~z|lkn}wƒlqq}wtpntol~qwˆyqsl !1-+- '*;,/26,-(1-/+-&'$0 -1,-0'10') 2)0'/2$+-(+7',$




{}~tw}k{znz|lƒtnlq~vwŠƒzm|l~yzn *' !1-+- '*; ./'./)-!, ,


{zwzrqytq#$ ! {q|qp{zn~z|y‡xsl 0)-*;&)-+2)*-,$!)*<61;.$/
{}vzx
!2<.$/$#620*'!1-+- '*;, 
4-#'10,0.20)$!)*<6(1$&#


  



1/-"-&./$8$,-./-!-



 

,'(4-#')-"#,$-01!*(1$!
 !1-+- '*$#$1$( $&./'0+-1/ #'1; *< :$ -.$/5'' .-
0*'201/-(01!-&%'",' '&+$,$,'</2*$!-(0'01$+:'/2
:*-.-!/$%#$,-,./' *$!-()-*-,)',./'+$/201,-!
+$/!/$&2*;11$.-.:1)'2"-, )2./-1'!-2"-,,-"-201/-(01!)-
1-/:$+-"21.*-4-.-!*'1;,1$4
 


./-!$/;1$$"-))+-%,-0)-/$$,
!1-/'&-!,,-(01,5''0$/!'0,- ,'6$0)'$4/)1$/'01')''0,'&'1;
"-- 0*2%'!,'  $&-.0,-01;./'!$01'),$'0./!
,-01'1)%$,$0--1!$101!'<1/$
-!,'+0$/1'3')5''
   

14

DHF;BG:PBXIJB;HJH<






 

Flbcifoic`loplnlkkfjn^omlildckfcj
mnf_lnl`qmn^`ickf]

 





   








 

|t}
  }‚t€|zn‡xpt}{wqqx F0M0255m





 






 
 
 

|t}
 . }xyzoz€yv‚tzylwˆy‡xpt}{wqqx F0M0256m

: T{tpzxq~|vlsl~qwˆ}vz|z}~t  Ksxq|t~qwˆ|l}zpl~z{wtnl}{|qp{|qrplŠ…tx}toylwzx

   
 Ksxq|t~qwˆ~qx{q|l~|‡pntol~qwkt}{|qp{|qpt~qwˆy‡x}toylwzx{|qn‡„qytkpz{}~txzu~qx{q|l~|‡
 Ulzxq~|  Gt}{wqu

13






 

 



Flbcifoic`loplnlkkfjn^omlildckfcj
mnf_lnl`qmn^`ickf]



   








 







  





 

|t}
  T{z|~tny‡qnq|}tt}xyzoz€yv‚tzylwˆ F0M0259m

y‡xpt}{wqqx

 T{tpzxq~|vlsl~qwˆ}vz|z}~t  Ksxq|t~qwˆ|l}zpl~z{wtnl}{|qp{|qrplŠ…tx}toylwzx
 


 Ksxq|t~qwˆ~qx{q|l~|‡pntol~qwkt}{|qp{|qpt~qwˆy‡x}toylwzx{|qn‡„qytkpz{}~txzu~qx{q|l~|‡
 Ulzxq~|  Gt}{wqu
   


IJB;HJT






 

Ynq~t~t{{|tmz|znxzo~tsxqyk~ˆ}k
nslnt}txz}~tz~xzpqwt


 





   





|t}
  F0M0021m |t}
  F0M0022m

KIB>HF?LJnfo
L:OHF?LJnfo

Q~zm|lrlq~}vz|z}~ˆpntol~qwk
Ulzxq~|{zvls‡nlq~vzwtƒq}~nzzmz



 
|z~znpntol~qwknxty~



ECIPQ`wqv~|zyylk}t}~qxlvzy~|z
wk {z}~q{qyyz {|qv|l…lq~ {zplƒ
~z{wtnl vzopl pntol~qwˆ |lsntnlq~


}wt„vzxxyzozzmz|z~znn|qswˆ~l




~q {z}~q{qyyz }ytrlq~}k xz…yz}~ˆ


pntol~qwk

Mzoplpntol~qwˆ|lmz~lq~ylzwz}~zx
§ËÀÁ½Á¿ÅÀ½ÏÂÈÙͽ¾ËϽÂÏʽÒËÈËÎÏËÉ

 






 
 
ÒËÁÐϽÒËÉÂÏÍÉËÃÂÏÌËǽÄØ¿½ÏÙÌËÎ
zp}ƒq~ƒtvzmz|z~znxzrq~{zvlsl~ˆ
ÏÂÌÂÊÊËÂ ÅÈÅ ¿ÊÂĽÌÊËÂ ÅÄÉÂÊÂÊÅÂ
{z}~q{qyyzqtwtnyqsl{yzq{zn‡„qytq
¿ÂÈÅÔÅÊØÇËÈÅÔÂÎÏ¿½˾ËÍËÏË¿
}vz|z}~t

`~zyz|xlwˆyzvzopl{|zt}zpt~nz
ºÏË ÊËÍɽÈÙÊË  ÇËÀÁ½ ÌÍËÅÎÒËÁÅÏ
n|qxkyz|xlwˆyzu|lmz~‡yl{|txq|
¿Ë ¿ÍÂÉÜ ÕϽÏÊËÆ ͽ¾ËÏØ  ʽÌÍÅÉÂÍ 

 

¿ÇÈÛÔÂÊÅÜ ÎÅÎÏÂÉØ vwtxl~ vzy~|zwk
nvwŠƒqytk }t}~qx‡ ÇÈÅɽÏÇËÊÏÍËÈÜ
ÅÈÅ ÇËÊÁÅÓÅËÊÂͽ Ÿ Ô½ÎÏÊËÎÏÅ  ÌËÎ
twtvzypt‚tzyq|l
Eƒl}~yz}~t{z}~q
ÏÂÌÂÊÊËÂÅÄÉÂÊÂÊÅÂÎÇËÍËÎÏÅÌËÉËÀ½
{qyyzqtsxqyqytq}vz|z}~t{zxzolq~
ÂÏξÂÍÂÔÙĽÍÜÁ½ÇÇÐÉÐÈÜÏËͽ
}mq|qƒˆsl|kplvvxwk~z|l


   

EvwŠƒqytq{|qp{|qrplŠ…qoz}toyl




 wl ylyqvz~z|‡xzpqwkzpyzn|q
 

xqyyz{zknwkq~}k}zzm…qytqylxyz
oz€yv‚tzylwˆyzxpt}{wqqzsylƒlq~
ƒ~z~qx{q|l~|lzwlrplŠ…qurtpvz
}~t}wt„vzxn‡}zvlkn‰~zx}wƒlqz}
 



~lyznt~qpntol~qwˆt}nkrt~q}ˆ}ln~z
|tsznlyyzu}~ly‚tqu}q|nt}yzozzm
}wrtnlytk6.?




   






|t}
  F0M0023m |t}
  F0M0024m

0*' 01/$*) ,4-#'10 !


MD:A:L?EUMJH<GX MD:A:L?EUL?FI?J:LMJT )/0,-( &-,$ ,$+$#*$,,-
LHIEB<:nfo
 HOE:@>:WS?C !:)*<6'1$#!'"1$*;'- 
@B>DHKLBnfo
 /1'1$0;!0$1;0$/!'0,-"-


 

Rzvls‡nlq~{|txq|y‡u|znqyˆ~z{wt


nlz}~ln„qoz}kn~z{wtnyzxmlvq
 Rzvls‡nlq~~qx{q|l~|zwlrplŠ…qu - 0*2%'!,' 
rtpvz}~t pntol~qwk t ylƒtylq~
 {}~zumlv |lmz~l~ˆvzopl~qx{q|l~|lrtpvz}~t
 {zwy‡umlv pz}~tolq~{|tmwtst~qwˆyz c





Mzy~|zwˆylkwlx{l|qsq|nl~z{wtnl Eyz|xlwˆy‡}wzntk}~|qwvlpzwryl
nvwŠƒlq~}kvzopln~z{wtnyzxmlvqz} ylzpt~ˆ}k {|txq|yz n }q|qptyq
~lq~}k{|tmwtst~qwˆyzwt~|zn~z{ „vlw‡}zowl}yz}wzntkx|lmz~‡



  



wtnl




 

 Ptsvlk~qx{q|l~|lzwlrplŠ…qu
Gntrqytqylln~zxzmtwqvzopl~z{ rtpvz}~t
wtny‡umlv{zƒ~t{}~xzrq~{|tnq}  E‡}zvlk~qx{q|l~|lzwlrplŠ…qu
~tv{|z{}vlxslrtolytktv{zn|qr rtpvz}~t
pqytŠvl~lwtsl~z|l

 


ECIPQT~|qwvlvls‡nlq~yltxt
olq~}toylw{zvls‡nlkƒ~z}t}~qxl
yq€yv‚tzyt|q~
E‰~zx}wƒlqzm
|l~t~q}ˆylln~z|tsznlyyŠ}~ly‚tŠ
   

}q|nt}yzozzm}wrtnlytk6.?ƒ~zm‡
{|znq|t~ˆ}t}~qx


PBNJH<HC>BKIE?C






 

KL:G>:JLGTCVDJ:Gnfo

Plpt}{wqqz~zm|lrlq~}k}wqpŠ…lk
ty€z|xl‚tk

 


 Pl{|lnwqytq {z~zvl }nq~l €l|
~zwˆvz } nvwŠƒqyy‡xt €l|lxt
mwtryqoz}nq~l

 Zl}‡z~zm|lrlŠ~}kn}qoplplrq




   





|t}
  |t}
 
vzopln‡y~vwŠƒslrtolytktsl
v|‡~‡{q|qpytqpnq|t

DGHIDBMIJ:<E?GBXnfo
 Infjcu^kfc Myz{vtYZfYZ nvwŠ
 Qpzxq~| {|zupqyy‡u {~ˆ n vx ƒlŠ~|lsy‡qz{‚ttn}zz~nq~}~nŠ…t
twtnxtwk  Z~zm‡{|zv|~t~ˆxqyŠt}zz~nq~ }t~l‚tk



 
}~nŠ…tq z{‚tt }yts nnq| twt


Infjcu^kfc R|tn‡y~zxvwŠƒqsl nqwtƒt~ˆtszm|lrqyyzqsylƒqytq
 $"2*'/-!1; 0!$1 ,# .00%'/
rtolytk{|tz~v|‡~ttzpyzuts{q 0)'+'0'#$,'+'
|qpytpnq|qupt}{wqunvwŠƒt~}kyl
yq}vzwˆvz}qvypt{zvlrq~{|zupqy yl}~|zt~ˆ{lyqwˆty}~|xqy~znlpt
% Plrl~ˆtz~{}~t~ˆpwkz~z


z}t}~qx t }t}~qx ln~zxl~tƒq}vzoz




y‡u{~ˆnvxtwtnxtwk
# m|lrqytkpt}{wqkt twt{q vwtxl~ vzy~|zwkk|vz}~ˆpt}{wqkvzo
|qzplv}wqpŠ…qx|qrt plz~zm|lrqy}~lypl|~y‡u‰v|ly

x‰v|lyltwt{zp~nq|rpqytk
n‡m|lyyzuz{‚tt
 01,-!-6,-$+$,<

 






 
 
Plrl~ˆt{|tpq|rl~ˆnylrl ƒ~zm‡{|zv|~t~ˆz{‚ttxqyŠnnq|
~zx}z}~zkyttpwknzsn|l~lv tnyts
}~lypl|~yzx|qrtx‰v|lyl

nqwtƒt~ˆtwtxqyˆ„t~ˆz{|qpqwqy
 Z~zm‡ {|zv|~t~ˆ xqyŠ t y‡qsylƒqytknzn|qxkyl}~|zqv


 

}zz~nq~}~nŠ…tq z{‚tt }nq|
nyts twt }ytst~ˆ tszm|lrqyyzq
sylƒqytq


   

MKL:GH<HQGH?F?GWnfo
 ?(5756=//3,4A '-3/9,/67/+,7-/9,)4'-'95385




 895&4//14561:
 
 

OqyŠ}zpq|rt~|kpz{‚tu|l}{zwz ylrxt~qtz~{}~t~qvyz{v%
rqyy‡e{zv|ofvz~z|‡qxzryzn‡ # pwkn‡mz|lz{‚ttyl}~|zuvt n‡zplts}~lyznzƒyzozxqyŠq}wt
m|l~ˆ{|t{zxz…tvyz{zvYZfYZ E‡ylzpt~q}ˆnxqyŠ
{zwƒt~ˆpz}~{v|lswtƒy‡xnzsxzr zpyzv|l~y‡qylrl~tkvyz{zvYZfYZ
{zsnzwk~{q|qu~tvp|ozuyl}~|zuvq pwkn‡zpltsxqyŠz~zm|lrqyyzoz
 



yz}~kxn‡mz|lyl}~|zqv}zpq|rl…t
}kn}wqpŠ…t{l|lo|l€l
 yl pt}{wqq q}wt E‡ }~lylnwtnlq~q
ylrxt~qtz~{}~t~qvyz{v% z{‚tŠ
Z~zm‡z~v|‡~ˆ}~lyznzƒyzqxqyŠyl # pwk}z|lyqytkyznzuyl}~|zuvt
rxt~qtz~{}~t~qvyz{v% #
tnzsn|l~lv{|qp‡p…quz{‚ttxqyŠ
 pwk}z|lyqytk~zwˆvzrqslyq}qy



   


y‡}~lyznzvt{zp~nq|rpqyy‡yl





Qpyzv|l~y‡qylrl~tkvyz{zvYZfYZ '897501'>'85) rl~tqxvyz{vt%#

{zsnzwt~{|zv|~t~ˆz{‚tt}~lyznzƒ ylrxt~qtz~{}~t~qvyz{v% V}~lyznzƒyzqxqyŠz~zm|lrlq~}kn~q


yzozxqyŠ
 # pwk n‡mz|l yl}~|zuvt {q|nzoz ƒqytqz{|qpqwqyyzoz{|zxqr~vln|q
Sqrtx‡{|lnwqytkz~wtƒlŠ~}kp|oz~ sylƒqytkƒl}zn xqyt{|tn‡zpqtsxqyŠ{zzvzyƒl


 


p|oln}zz~nq~}~ntt}l|lv~q|t}~tvzu ylrxt~qvyz{vtYZfYZ zpyzv|l~ ytt‰~zozn|qxqyt}z|lykŠ~}k~zwˆvz


n‡m|lyyzuz{‚tt
 y‡qylrl~tkƒ~zm‡}~lyznt~ˆyzn‡q rqslyq}qyy‡q}~lyznvtt{zp~nq|r
sylƒqytk pqyy‡qylrl~tqxvyz{vt%#

ylrxt~qtz~{}~t~qvyz{v%




#pwk}z|lyqytkyznzuyl}~|zuvt
t{q|qzplv}wqpŠ…qxquz{‚ttxq
yŠxty~‡


  



{z}wq}~lyznvtsylƒqytu~lvtxrq



 

}{z}zmzxnq|yt~q}ˆv|lyqqn‡m|ly
yzuz{‚ttxqyŠ

 
    


Plrxt~qtz~{}~t~qvyz{v%#ƒ~zm‡{q






 

|qu~tnxqyŠts}~lypl|~yzoz|qrtxl‰v|lyl
Gwk{|z
}xz~|lxqyŠt}{zwˆsu~qvyz{vtYZfYZ

Infjcu^kfc E‚qwkmqsz{l}yz}~tnzn|qxkpntrqytk
ln~zxzmtwkpz}~{yz~zwˆvz}zv|l…qyyzqxqyŠpwk}

 


~lyznvt|qrtxl'%TMQSQTU_
Mzoplln~zxzmtwˆ
z}~lylnwtnlq~}kxqyŠpz}~{yz{zwyz}~ˆŠ





   






\




 

\





\


 






 
 
\

 

 \ F0M1007g

   

|t}
 


Mop^kl`h^lan^kfuckf] ylrxt~qtz~{}~t~qvyz{v% Ilbhiyuckfc e`qhl`lal ofak^i^




 ohlnlopf#! #ƒ~zm‡nq|y~ˆ}knxqyŠtwtylrxt %''
 

~qt{|tpq|rt~qƒ~zm‡nq|y~ˆ}kv}~ly
Wyv‚tk}~lylnwtnlq~zo|lytƒqytq}vz pl|~yzx‰v|lymqs}z|lyqytk}~lyz `~l€yv‚tk{zsnzwkq~n‡m|l~ˆ ts|q
|z}~t pntrqytk ln~zxzmtwk vx ƒ twt nzv
Z~zm‡z~xqyt~ˆ}~lyznvt}wqpu rtxzno|zxvz}~tsxxq|lvz~z|‡u{z
xtwˆ ƒ
Mzopl}vz|z}~ˆpntrqytkln~z ~qty}~|v‚tt plq~snvznzu}toylwzpyzn|qxqyyz}sl
xzmtwk{|qn‡„lq~}~lyznwqyy‡u{|q oz|qn„qu}kvzy~|zwˆyzuwlx{zuyqt}
 



pqw}t}~qxl}|lsrqz{znq…lq~zm‰~zx ylrxt~q t z~{}~t~q vyz{v % {|lnyz}~t

nzpt~qwk}x
|lspqweMzy~|zwˆy‡qwlx #$:n‡}nq~t~}kyl‰v|lyq
{‡t}zzm…qytkf
 Gwk{zpvwŠƒqytksnvzn‡}toylwzn}wq
ylrxt~qvyz{v $33n‡}nq~t~}kyl pu~qty}~|v‚tt



   


Gwk}~lyznvt}vz|z}~yzoz{|qpqwl}wq ‰v|lyq





pu~qty}~|v‚tt  ylrxt~q t z~{}~t~q vyz{v %


ylrxt~qtz~{}~t~qvyz{v%# #ylpt}{wqq{zknt~}k}wznz),,
ylrxt~qtz~{}~t~qvyz{v% pwknzsn|l…qytknxqyŠtwtylrxt~qt
#ylpt}{wqq{zknt~}k|qplv‚tzyylk {|tpq|rt~q n ylrl~zx }z}~zkytt pwk Plrxt~qvyz{vYZfifY\Z pwkn‡
€z|xlTMQSQTU_t|lyqq}~lyznwqy nzsn|l…qytkv}~lypl|~yzx‰v|lymqs mz|l yqzmzptxzu o|zxvz}~t mp~
{|qpwzrqy‡|znyquo|zxvz}~t



 


y‡qsylƒqytkvx ƒtwtxtwˆnƒl} }z|lyqytk}~lyznzv



ylrxt~q vyz{v YZ fif YZ ƒ~zm‡ Mop^kl`h^u^ol`052  ylrxt~q t z~{}~t~q vyz{v %
nvwŠƒt~ˆ€yv‚tŠ}vz|z}~yzoz{|qpqwl # pwknzsn|l…qytknxqyŠtwtylrxt
$:twtn‡vwŠƒt~ˆ$ T{zxz…ˆŠ‰~zu€yv‚ttxzryz}~lyz ~qt{|tpq|rt~qnylrl~zx}z}~zkytt
nt~ˆƒl}‡
pwknzsn|l…qytkv}~lypl|~yzx‰v|ly




H}wt€yv‚tknvwŠƒqyl$:ylrxt~q mqs}z|lyqytk}~lyznzv

vyz{vtYZfifYZ pwkn‡mz|lyqzmz Gwk}~lyznvtƒl}zn}wqpu~qty}~|v‚tt


ptxzoz}vz|z}~yzoz{|qpqwltsl~qxyl ylrxt~qtz~{}~t~qvyz{v%#
rxt~q%# pwk{zp~nq|rpqytk ylp{t}ˆ5;@=>ƒl}‡n‡}nq~t~}kyl‰v


  





 

Infjcu^kfc Ezsxzryz}~lyznt~ˆ}vz |lyq


|z}~yzu{|qpqwz~ pz vx ƒtwtz~ ylrxt~qvyz{vYZfifY\Z pwkyl
 pz xtwˆnƒl}nslnt}txz}~tz~ }~|zuvt
{|qp‡p…qu}~lyznvt}x
{l|lo|l€}
~lyznvl V}~lyznvl qptyt‚ tsxq|qytk ylrxt~qtz~{}~t~qvyz{v%#
ylp{t}ˆ96:@?2>xty~‡n‡}nq~t~}kyl
 


|l}}~zkytk):6?z{t}lytqytrq
Mlr
pzqylrl~tqylvyz{v nqwtƒtnl ‰v|lyq
q~ xqyˆ„lq~sylƒqytqylqptyt‚
Pl ylrxt~qvyz{vYZfifY\Z pwkyl
rl~tqtpq|rtnlytqvyz{vt nylrl }~|zuvt
~zx}z}~zkytt{|tnzpt~vln~zxl~tƒq}
   

vzxm‡}~|zxxqyˆ„qytŠ nqwtƒqytŠ ylrxt~qtz~{}~t~qvyz{v%#


sylƒqytk
Mzoplyqzmzptxzqsylƒqytq pwknzsn|l…qytknxqyŠtwtylrxt~qt
rqmwtsvzslnq|„t~q}~lyznvzpyz {|tpq|rt~q n ylrl~zx }z}~zkytt pwk
v|l~y‡xtylrl~tkxt
nzsn|l…qytkv}~lypl|~yzx‰v|lymqs
}z|lyqytk}~lyznzv


F0M1001g
Mop^kl`h^cbfkftfejcnckf]n^o :hpf`^tf]bc^hpf`^tf]rnlk



opl]kf]%/,4 p^ixklgk^bq`klgmlbqvhf



 

_celm^oklopfm^oo^dfn^
R|t{zxz…t‰~zu€yv‚ttxzryzyl f_lhl`lgmlbqvhf_celm^oklopf
}~|zt~ˆqptyt‚‡tsxq|qytk
coifmncbqojlpnck^!
Gwkn‡mz|lqptyt‚tsxq|qytk}wqpu

 


`~l€yv‚tkt}{zwˆsq~}kpwklv~tnl "#) '
~qty}~|v‚tt ‚tt pqlv~tnl‚tt€|zy~lwˆyzuylpn  
ylrxt~qtz~{}~t~qvyz{v% yzu{zp„vtmqsz{l}yz}~t{l}}lrt|l
 h h
#ylpt}{wqq{zknt~}kylp{t}ˆ):6? Twqpu~qty}~|v‚tt




   

t|lyqq}~lyznwqyy‡qqptyt‚‡tsxq





F0M1002g

F0M1003g
|qytkvxtwtxtwt  Plrxt~qvyz{v"#)'t{z
}wq~zozvlvylpt}{wqq{zknt~}k
ylrxt~qvyz{vYZfifY\Z pwkn‡ }zzm…qytq%$pwkpqlv~t
mz|lyqzmzptx‡qptyt‚tsxq|qytk nl‚tttwt%$:pwklv~tnl
|l}}~zkytk
‚tt}{zxz…ˆŠylrl~tkvyz{zv



 

ylrxt~qtz~{}~t~qvyz{v% YZfifYZ}yznlylrxt~qvyz{v "#) '
# pwknzsn|l…qytknxqyŠtwtyl %#
 
rxt~qt{|tpq|rt~qnylrl~zx}z}~z  Rzknt~}k}zzm…qytqz{zp~nq|r h h
kyttpwknzsn|l…qytkv}~lypl|~yzx pqytt





‰v|lymqs}z|lyqytk}~lyznzv


F0M1005g

F0M1006g
 Plrxt~qvyz{vYZfifYZ pwk
n‡mz|l+'{zp~nq|rpqytqlv~t
nl‚tt pqlv~tnl‚tttwt:;pwkz~

 






 
 
xqy‡
 Plrxt~qtz~{}~t~qvyz{v%
# pwknzsn|l…qytknxqyŠtwt "#) '
ylrxt~qt{|tpq|rt~qnylrl~zx
}z}~zkyttpwknzsn|l…qytkv}~ly

 

pl|~yzx‰v|lymqs}z|lyqytk}

F0M1002g

F0M1003g
~lyznzv


   
21

FGH=HNMGDPBHG:EU 





 

GTC>BKIE?C
coifmncbqojlpnck
Cn~zxzmtwˆxzrq~m‡~ˆzmz|pznly
xyzoz€yv‚tzylwˆy‡xpt}{wqqxvz~z
 



|‡un}zz~nq~}~ntt}}~lyznvlxtm
pq~{zvls‡nl~ˆ{zwqsyŠty€z|xl‚tŠ
nzn|qxkpntrqytk




   


BGNHJF:PBXG:





|t}
 F0M0121m |t}
 F0M0122m
YKL:G>:JLGHFZVDJ:G?
nfo
MPQRMKVRSCENHPKb|t}
 Infjcu^kfc Myz{vtYZfYZ nvwŠ
E}~lypl|~yzx|qrtxqyl‰v|lyqz~zm ƒlŠ~|lsy‡qz{‚ttn}zz~nq~}~nŠ…t
|lrlq~}k}wqpŠ…lkty€z|xl‚tk  Z~zm‡{|zv|~t~ˆxqyŠt}zz~nq~ }t~l‚tk


 

}~nŠ…tq z{‚tt }yts nnq| twt




 Gl~l
nqwtƒt~ˆtszm|lrqyyzqsylƒqytq
 $"2*'/-!1; 0!$1 ,# .00%'/
0)'+'0'#$,'+'
 Qpzxq~|}ƒq~ƒtv{|zupqyyzoz{ % Plrl~ˆtz~{}~t~ˆpwkz~z 
~tnvxtwtxtwk
# m|lrqytkpt}{wqkt twt{q|q yl}~|zt~ˆ{lyqwˆty}~|xqy~znlpt


zpl v }wqpŠ…qx |qrtx z}t}~qx t }t}~qx ln~zxl~tƒq}vzoz





 Zl}‡z~zm|lrlŠ~}kn}qoplplrq
vzopln‡y~vwŠƒslrtolytktsl ‰v|lyltwt{zp~nq|rpqytkn‡ vwtxl~ vzy~|zwkk|vz}~ˆpt}{wqkvzo
m|lyyzuz{‚tt
plz~zm|lrqy}~lypl|~y‡u|qrtx‰v
v|‡~‡{q|qpytqpnq|t
 |lyl

Plrl~ˆtpq|rl~ˆnylrl~zx


  



 Uqx{q|l~|l zv|rlŠ…qu }|qp‡






 

}z}~zkyttpwknzsn|l~lv}~ly 01,-!-6,-$+$,<
 Pl{|lnwqytq {z~zvl }nq~l €l| pl|~yzx|qrtx‰v|lyl
 ƒ~zm‡{|zv|~t~ˆz{‚ttxqyŠnnq|
~zwˆvz } nvwŠƒqyy‡xt €l|lxt
mwtryqoz}nq~l
 Z~zm‡{|zv|~t~ˆxqyŠt}zz~nq~ tnyts
}~nŠ…tqz{‚tt}nq|nytstwt nqwtƒt~ˆtwtxqyˆ„t~ˆz{|qpqwqy
Infjcu^kfc R|tz~v|‡nlyttzpyzu }ytst~ˆ z~zm|lrlqxzq sylƒqytq
 y‡qsylƒqytknzn|qxkyl}~|zqv

 


ts{q|qpytpnq|qumpq~yq}vzwˆvt
xt}qvyplxtnvwŠƒl~ˆ}kt{zvls‡nl~ˆ
ƒl}‡t{|zupqyy‡u{~ˆ

   


MKL:GH<HQGH?F?GWnfo ?(5756=//*2')45*53,4A865+3,4A ?(57;:41=//$#89'45)1'+'9?% 



/$#89'45)1')7,3,4/% 



 

OqyŠ}zpq|rt~|kpz{‚tu|l}{zwz ylrxt~qtz~{}~t~qvyz{v%
rqyy‡e{zv|ofvz~z|‡qxzryzn‡ # pwkz~zm|lrqytk{q|nzuz{‚tt ylrxt~qtz~{}~t~qvyz{v%
m|l~ˆ{|t{zxz…tvyz{zvYZfYZ {zpxqyŠ # pwkn‡mz|l{q|nzuyl}~|zuvtyl
{zwƒt~ˆpz}~{v|lswtƒy‡xnzsxzr {|txq| ƒl}‡ xty~‡ twt ozp xq
ylrxt~qvyz{vtYZfifYZ zpyz

 


yz}~kxn‡mz|ltyl}~|zqv}zpq|rl }k‚ pqyˆ
…t}kn}wqpŠ…t{l|lo|l€l
Gwk v|l~y‡xt ylrl~tkxtpwk {|z}xz~|l
yqvz~z|‡€yv‚tuƒl}‡tqptyt‚‡ z{‚tu{zpxqyŠ ylrxt~qvyz{vtYZfifYZ zpyz
tsxq|qytk{|qp}xz~|qyz{zpxqyŠ
 v|l~y‡xtylrl~tkxtpwkn‡mz|lyz
ylrxt~qtz~{}~t~qvyz{v% nzu}~lyznvt




   

# pwkn‡mz|ltszm|lrqyyzuz{‚tt





Z~zm‡z~v|‡~ˆ}~lyznzƒyzqxqyŠyl
rxt~qtz~{}~t~qvyz{v%#
{zpxqyŠ t z~v|‡~tk }~lyznzƒyzoz ylrxt~qtz~{}~t~qvyz{v%
xqyŠ # pwk}z|lyqytkyzn‡yl}~|zqv
Qpyzv|l~y‡qylrl~tkvyz{zvYZfYZ t{q|qzplv}wqpŠ…quz{‚tt}~lyz
{zsnzwt~{|zv|~t~ˆz{‚tt}~lyznzƒ ylrxt~qvyz{vtYZfifYZ zpyz nzƒyzozxqyŠq}wt‰~zm‡wl{z}wqpykk
yzozxqyŠ
 v|l~y‡xtylrl~tkxtpwkn‡mz|lyz z{‚tkhE‡{q|qupq~qv{|qp‡p…qu



 

nzuyl}~|zuvtpwkplyyzuz{‚tt{zp z{‚ttowlnyzozxqyŠ

Sqrtx‡{|lnwqytkz~wtƒlŠ~}kp|oz~ xqyŠ
p|oln}zz~nq~}~ntt}l|lv~q|t}~tvzu '-3/9,/67/+,7-/9,14561: 
n‡m|lyyzuz{‚tt
ylrxt~qtz~{}~t~qvyz{v% 
 
# pwk}z|lyqytkyzn‡yl}~|zqv





?(5756=//*2')45*53,4A(,.65+3,4A tnzsn|l…qytkv{|qp‡p…quz{‚tt pwkn‡zplt}~lyznzƒyzozxqyŠ


ÅÄ
{zpxqyŠ
 q}wtE‡|lmz~lq~q}owlny‡xxqyŠ
ylrxt~qtz~{}~t~qvyz{v%
#ƒ~zm‡n‡m|l~ˆz{‚tŠowlnyzoz pwkn‡zpltsowlnyzozxqyŠq}wtE‡
xqyŠpwkyl}~|zuvt |lmz~lq~q}p|otxxqyŠyl{|txq|}

 






 
 
yl}~|zuvzuz{‚tu{zpxqyŠyl}~|zu
ylrxt~qvyz{vtYZfYZ zpyzv|l~ vzuz{‚tuowlnyzozxqyŠ
y‡xtylrl~tkxtpwkn‡mz|lyznzuyl
}~|zuvt pwk}z|lyqytk~zwˆvzrqslyq}qy
y‡}~lyznzvt{zp~nq|rpqyy‡yl
ylrxt~qtz~{}~t~qvyz{v%

 

rl~tqxvyz{vt%#

# pwk}z|lyqytkyzn‡yl}~|zqv
tnzsn|l~lv{|qp‡p…quz{‚ttowln V}~lyznzƒyzqxqyŠz~zm|lrlq~}kn~q
yzozxqyŠ
 ƒqytqz{|qpqwqyyzoz{|zxqr~vln|qxq
yt{|tn‡zpqtsxqyŠ{zzvzyƒlytt

   
‰~zozn|qxqyt}z|lykŠ~}k~zwˆvzrq
slyq}qyy‡q}~lyznvtt{zp~nq|rpqy
y‡qylrl~tqxvyz{vt%#


Infjcn Infjcn




 Plrxt~qtz~{}~t~qvyz{v%#ƒ~zm‡
 

Pqxq‚vtu nzu~tnxqyŠ}z}~lypl|~yzoz|qrtxl‰v|lyl
Gwk .B
K~lwˆky}vtu Cyowtu}vtu {|z}xz~|lxqyŠt}{zwˆsu~qvyz{vtYZfifYZ

Infjcu^kfc E‚qwkmqsz{l}yz}~tnzn|qxkpntrq
Fzwwlyp}vtu K}{ly}vtu +2.= ";:?5
ytkln~zxzmtwkpz}~{yz~zwˆvz}zv|l…qyyzqxq
 



Rzwˆ}vtu W|ly‚s}vtu yŠpwk}~lyznvt|qrtxl}vz|z}~t><221/22<


Rz
Rz|~olwˆ}vtu }wqz}~lyznvtln~zxzmtwkxqyŠpz}~{yz{zwyz}~ˆŠ

 %#
 



   


Plrl~ˆt





z~{}~t~ˆ
%# \ vyz{v
Plrl~ˆt \ '%% GCUZKM GQIGb \
z~{}~t~ˆ 
vyz{v
\ E^XQG KJ OHPa GCPP^H Q OCS[SVUH
\ 


 


VTUCPQEMC ESHOHPK
 RCGV[MC
Q DHJQRCTPQTUK RCTTCIKSC
\ \ 




RNCPQEQH
UHXPKZHTMQH QDTNVIKECPKH VTUCPQEMC GCU^
 \ \


  





 

JEVMQEQL TKFPCN 
Q PH RSKTUHFPVUQO SHOPH
DHJQRCTPQTUK PCTUSQLMC SCGKQ
\ \ F0M1000g

 MPQRMC FSQOMQTUK
CEUQOCUKZHTMQH JCMS^ECPKH
 


FSQOMQTU_

JEVMQEQFQ \
\ TKFPCNC
HGHPKY^
K KJOHSHPKb

 \ bJ^M \

   

|t}

 
`~l€yv‚tkxzrq~m‡~ˆnvwŠƒqyl~zwˆvzz~vwŠƒqytk}t}~qx‡'

&
ptwq|l6.?

26

Mop^kl`h^lan^kfuckf]ohlnlopf ylrxt~qtz~{}~t~qvyz{v% ylrxt~qvyz{vYZfifY\Z pwkyl



#!! #ƒ~zm‡nq|y~ˆ}knxqyŠtwtyl }~|zuvt



 

rxt~qt{|tpq|rt~qƒ~zm‡nq|y~ˆ}k
Wyv‚tk }~lylnwtnlq~ zo|lytƒqytq v}~lypl|~yzx‰v|lymqs}z|lyqytk ylrxt~qtz~{}~t~qvyz{v%
}vz|z}~tpntrqytkln~zxzmtwkvx ƒ }~lyznzv
Z~zm‡z~xqyt~ˆ}~lyznvt #ƒ~zm‡nq|y~ˆ}knxqyŠtwtyl
twtxtwˆ ƒ
Mzopl}vz|z}~ˆpntrqytk }wqpu~qty}~|v‚tt rxt~q t {|tpq|rt~q vyz{v ƒ~zm‡
ln~zxzmtwk{|qn‡„lq~}~lyznwqyy‡u nq|y~ˆ}kv}~lypl|~yzx|qrtx‰v|l

 


{|qpqw}t}~qxl}|lsrqz{znq…lq~zm ylrxt~qtz~{}~t~qvyz{v% ylmqs}z|lyqytkyl}~|zqv

‰~zxnzpt~qwk}x
|lspqweMzy~|zwˆ #$:n‡}nq~t~}kyl‰v|lyq
y‡qwlx{‡t}zzm…qytkf
>^kkwclInl_cac<
ylrxt~qvyz{vY\Z $33n‡}nq~t~ $"!<DE<TDE




   

Gwk }~lyznvt }vz|z}~yzoz {|qpqwl }kyl‰v|lyq





}wqpu~qty}~|v‚tt T{zxz…ˆŠplyyzu€yv‚ttxzryzlv
ylrxt~qtz~{}~t~qvyz{v% ~tnt|znl~ˆ $: twt pqlv~tnt|znl~ˆ
ylrxt~qtz~{}~t~qvyz{v% # pwknzsn|l…qytknxqyŠtwtyl $33(=6<ƒl}~tƒy‡uxl|„|~

#ylpt}{wqq{zknt~}k|qplv‚tzy rxt~qt{|tpq|rt~qnylrl~zx}z}~z
ylk€z|xl><221/22<t|lyqq}~lyzn kyttpwknzsn|l…qytkv}~lypl|~yzx Rzp|zmyqqƒt~lu~qn|lspqwqeDz|~z
nzuvzx{ˆŠ~q|f



 

wqyy‡qsylƒqytkvx ƒtwtxtwˆnƒl} ‰v|lymqs}z|lyqytk}~lyznzv

ylrxt~qvyz{vYZfifY\Z ƒ~zm‡ G^opnlgh^uq`op`fpcixklopf Gwklv~tnl‚tt pqlv~tnl‚tt}wqpu~q
nvwŠƒt~ˆ€yv‚tŠ}vz|z}~yzoz{|qpq b^pufh^bldb]"(,/3*/302 ty}~|v‚tt
wl$:twtn‡vwŠƒt~ˆ$ ylrxt~qtz~{}~t~qvyz{v%
T {zxz…ˆŠ plyyzu €yv‚tt xzryz





q}wt€yv‚tknvwŠƒqyl$:ylrxt n‡m|l~ˆƒn}~nt~qwˆyz}~ˆpl~ƒtvlts #$:EMNtwt$33E^MNz~zm


~qvyz{vtYZfifY\Z pwkn‡mz|lyq {|qpwzrqyy‡|znyqu
|lst~}kylpt}{wqqn}zz~nq~}~ntt}
zmzptxzoz}vz|z}~yzoz{|qpqwltsl yl}~|zuvzu
~qx ylrxt~q % # pwk {zp Gwk}~lyznvtyryzoz|znykƒn}~
nt~qwˆyz}~t}wqpu~qty}~|v‚tt ylrxt~qvyz{vYZfifY\Z pwkyl

 




~nq|rpqytk



 
 
}~|zuvt
Infjcu^kfc Ezsxzryz }~lyznt~ˆ ylrxt~qvyz{v%#yl‰v
|lyq z~zm|lst~ˆ}k
}k {|qp‡p…tu |z ylrxt~qtz~{}~t~qvyz{v%
}vz|z}~yzu{|qpqwz~ pz vx ƒ #ƒ~zm‡nq|y~ˆ}knxqyŠtwtyl
twtz~ pz xtwˆnƒl}nslnt}t nqyˆƒn}~nt~qwˆyz}~tpl~ƒtvl
rxt~q t {|tpq|rt~q vyz{v ƒ~zm‡
xz}~tz~{|qp‡p…qu}~lyznvt}x
nq|y~ˆ}kv}~lypl|~yzx|qrtx‰v|l

 

{l|lo|l€}~lyznvlV}~lyznvlqptyt‚ ylmqs}z|lyqytkyl}~|zqv

tsxq|qytk|l}}~zkytk):6?z{t}lytq
ytrq
Mlrpzqylrl~tqylvyz{v
nqwtƒtnlq~ xqyˆ„lq~ yl  qptyt‚

Plrl~tqtpq|rtnlytqvyz{vt n

   
ylrl~zx}z}~zkytt{|tnzpt~vln~zxl
~tƒq}vzxm‡}~|zxxqyˆ„qytŠ nqwt
ƒqytŠ
 Mzopl yqzmzptxzq sylƒqytq
rqmwtsvzslnq|„t~q}~lyznvzpyz
6 v|l~y‡xtylrl~tkxt
 25

G^opnlgh^u^ol` {|tn‡mz|q";12|qrtxylrxt Mop^kl`h^b^pw#*4(4*




 qop^kl`h^`ncjckf ~qtz~{}~t~qvyz{v%#|q
 

rtx5ƒl}ltwt 5 ƒl}zn `~l€yv‚tk{zsnzwkq~zmyznt~ˆpl~


`~l€yv‚tk{zsnzwkq~yl}~|zt~ˆƒl}‡ {zknt~}kylpt}{wqq ƒt}wz xq}k‚ ozp

ts pn {zpxqyŠ (692 n|qxk t


";12|qrtx
ylrxt~qvyz{vYZfifY\Zƒ~zm‡ Gwkt}{|lnwqytkpl~‡}wqpu~qty}~
n‡m|l~ˆ|qrtx5twt 5
|v‚tt
 



Twqpu~qty}~|v‚tt Rz}wqyl}~|zuvtylrxt~qtz~{}~t~q ylrxt~qtz~{}~t~qvyz{v%


ylrxt~qtz~{}~t~qvyz{v% vyz{v % # pwk nzsn|l~l n # yl pt}{wqq {zknt~}k ylp{t}ˆ
#ylpt}{wqq{zknk~}kpnl{zpxq {zpxqyŠtwtylrxt~qt{|tpq|rt~q 1.Bƒt}wz
vyz{vpwknzsn|l~lnowlnyzqxqyŠmqs



   


yŠ(692n|qxkt";12|qrtx





}z|lyqytkyl}~|zqv
 ylrxt~qvyz{vYZfifY\Z pwkyl
ylrxt~qvyz{vYZfifY\Z ƒ~zm‡ }~|zuvt
nzu~tnpnl{zpxqyŠ }yznlylrxt~qt{|tpq|rt~qvyz{v
%#ƒ~zm‡nq|y~ˆ}kv}~ly ylrxt~qtz~{}~t~qvyz{v%
n‡mq|t~qz{‚tŠtsl~qxylrxt~qt pl|~yzx|qrtx‰v|lyltwtz}yznyz # yl pt}{wqq {zknt~}k ylp{t}ˆ


 

z~{}~t~qvyz{v%# xxqyŠz~~qv…qoz|znykxqyŠtsz 9;:?5xq}k‚




m|lrqyyzozylpt}{wqq

7/)?(57,)7,3&ylrxt~qt ylrxt~qvyz{vYZfifY\Z pwkyl
z~{}~t~q vyz{v % # ylp }~|zuvt
{t}ˆ5;@=>ƒl}‡{zknt~}kylpt}{wqq
ylrxt~qtz~{}~t~qvyz{v%




ylrxt~qvyz{vYZfifY\Z pwkyl # yl pt}{wqq {zknt~}k ylp{t}ˆ


}~|zuvt B2.=ozp
ylrxt~qtz~{}~t~qvyz{v% ylrxt~qvyz{vYZfifY\Z pwkyl


  



# yl pt}{wqq {zknt~}k ylp{t}ˆ }~|zuvt




 

96:@?2>xty~‡
Infjcu^kfc Mlrpzqylrl~tqylvyz{
ylrxt~qvyz{vYZfifY\Z pwkyl vYZfifY\Z nqwtƒtnlq~ xqyˆ„lq~
}~|zuvt sylƒqytqyl qptyt‚
Plrl~tqtpq|
rtnlytqvyz{vt nylrl~zx}z}~zkytt
 


{|tnzpt~vln~zxl~tƒq}vzxm‡}~|zx
xqyˆ„qytŠ nqwtƒqytŠ
Mzoplyqzmz
ptxzqsylƒqytqrqmwtsvzslnq|„t~q}
~lyznvzpyzv|l~y‡xtylrl~tkxt

   

 ylrxt~q t z~{}~t~q vyz{v %


#ƒ~zm‡nq|y~ˆ}knxqyŠtwtylrxt
~qt{|tpq|rt~qvyz{vƒ~zm‡nq|y~ˆ
}kv}~lypl|~yzx|qrtx‰v|lylmqs}z
 |lyqytkyl}~|zqv

Hpl_n^dckfcfkrlnj^tff :`plj^pfucohlce^mfn^kfc G^opnlgh^cbfkftfejcnckf]



ole`qhl`lgofopcjwojJ^bfl %/,43



b`cncg`l`ncj]b`fdckf]

 

^`pljl_fi]540)-03*
R|t{zxz…t‰~zu€yv‚ttylpt}{wqq R|t{zxz…t‰~zu€yv‚ttxzryzyl
z~zm|lrlq~}kty€z|xl‚tk}zsnvznzu H}wtplyylk€yv‚tknvwŠƒqyl$:}t }~|zt~ˆ qptyt‚‡ tsxq|qytk n ~|q
}t}~qx‡
}~qxlln~zxl~tƒq}vtsl{t|lq~pnq|t {zpxqyŠ|l}}~zkytq6>?.:02>Sl}

 


vzoplln~zxzmtwˆpntrq~}k}z}vz|z zp;:>@9<?6;:t~qx{q|l~|l(29
Slptzƒl}~z~ln‡m|lyyzu|lptz}~ly }~ˆŠmzwqq vx ƒ
<2=.?@=2

‚tttwt}zzm…qytq&'nvwŠƒqytq
ln~zxl~tƒq}vzuyl}~|zuvttwtln~zxl Gwklv~tnl‚tt$:twtpqlv~tnl‚tt Gwkyl}~|zuvtqptyt‚tsxq|qytk}wq
~tƒq}vzqsl{zxtylytqƒl}~z~ $33plyyzu€yv‚tt}wqpu~qty}~ pu~qty}~|v‚tt




   





|v‚tt
lptz"%yzxq|vzx{zst ylrxt~qtz~{}~t~qvyz{v%
‚tt ylrxt~qtz~{}~t~qvyz{v% #ylpt}{wqqz~zm|lsk~}k{zpxq
#ƒ~zm‡nq|y~ˆ}kn{zpxqyŠ yŠ
5.:42=}~|zu}~nzln~zxl~tƒq
}vzu}xqy‡vzx{lv~ pt}vznyzxq| ylrxt~qtz~{}~t~qvyz{v% ylrxt~qvyz{vYZfifY\Z pwkn‡



 

tyzxq|vzx{zst‚tt #yl‰v|lyq{zknt~}kylp{t}ˆ$: mz|lyryzoz{zpxqyŠ
EMNtwt$33E^MNnslnt}txz}~tz~
Gwklv~tnl‚tt$:twtpqlv~tnl‚tt {|qp‡p…quyl}~|zuvt n‡mq|t~q{zpxqyŠylrxt~qtz~{}
$33tszm|lrqytkty€z|xl‚tt}zsn ~t~qvyz{v%#
vznzu}t}~qx‡}wqpu~qty}~|v‚tt ylrxt~qvyz{vYZfifY\Z pwkyl


67/)?(57,65+3,4A |l}}~z




}~|zuvt
ylrxt~qtz~{}~t~qvyz{v% kytq ylrxt~q t z~{}~t~q vyz{v
#yl‰v|lyq{zknt~}kylp{t}ˆ$: ylrxt~qtz~{}~t~qvyz{v% %#ylpt}{wqqz~zm|lsk~}k
EMNtwt$33E^MNnslnt}txz}~tz~ #ƒ~zm‡nq|y~ˆ}kn{zpxqyŠtwt ~qv…tqqptyt‚‡tsxq|qytk79vx
{|qp‡p…quyl}~|zuvt ylrxt~qt{|tpq|rt~qvyz{vƒ~zm‡ twt96xtwt

 






 
 
nq|y~ˆ}knowlnyzqxqyŠmqs}z|lyq
ylrxt~qvyz{vYZfifY\Z pwkyl ytkyl}~|zqv ylrxt~qvyz{vYZfifY\Z pwkyl
}~|zuvt }~|zuvt
q…j|lsylrxt~qt{|tpq|rt~qvyz{
ylrxt~qtz~{}~t~qvyz{v% v % # ƒ~zm‡ nq|y~ˆ}k v 67/)?(57, |l}zpyl
#ƒ~zm‡nq|y~ˆ}knxqyŠtwtyl rxt~q t z~{}~t~q vyz{v %

 

}~lypl|~yzx|qrtx‰v|lyltwtnowln
rxt~q t {|tpq|rt~q vyz{v ƒ~zm‡ yzqxqyŠnslnt}txz}~tz~~qv…qoz #ylpt}{wqqz~zm|lsk~}k~qv…tq
nq|y~ˆ}kv}~lypl|~yzx|qrtx‰v|l |znykz~zm|lrqyyzozxqyŠ
qptyt‚‡ tsxq|qytk 79 8 vx-w
ylmqs}z|lyqytkyl}~|zqv
 8 79w- vxtwt9<4xtwˆyl
olwwzy

   
27

H}wtqptyt‚‡tsxq|qytk|l}}~zkytk <w_ln]ewh^(/+5(+* G^opnlgh^anljhlopf




 }~lyznwqy‡nvx~z|l}zp~z{wtnlm mncbqmncbfpcixklale`qhl`lal
 

pq~}ƒt~l~ˆ}kvx w79 8twtw vx Ky€z|xl‚tkylpt}{wqqxzrq~z~zm ofak^i^599*2&0-5.*


8 79
|lrl~ˆ}k yl |lsy‡ ks‡vl ?.86.:;
2@?>05:486>5><.:;8=.:0.6>%;= `~l€yv‚tk{zsnzwkq~n‡m|l~ˆ ts
H}wtqptyt‚‡tsxq|qytk|l}}~zkytk ?@4@2>%;8>76.:1#212=8.:1
|qrtxzno|zxvz}~tsxxq|lvz~z|‡u
 



}~lyznwqy‡nxtwk~z|l}zp~z{wt {zplq~snvznzu}toylwzpyzn|qxqyyz
nlmpq~}ƒt~l~ˆ}knxtwkylolwwzy Gwkn‡mz|lks‡vl}wqpu~qty}~|v‚tt }sloz|qn„qu}kvzy~|zwˆyzuwlx{zuyq
9<4
Plrxt~qtz~{}~t~qvyz{v% t}{|lnyz}~t

ylrxt~qvyz{vYZfifY\Z pwkyl #ylpt}{wqqz~zm|lst~}kks‡v} Gwkyl}~|zuvto|zxvz}~t}wqpu~qty



   


~lyznwqyy‡unzn|qxk{|qp‡p…quyl





}~|zuvt }~|v‚tt
}~|zuvt
67/)?(57,65+3,4A Uqx ylrxt~qtz~{}~t~qvyz{v%
{q|l~|lylrxt~qtz~{}~t~qvyz{v ylrxt~qvyz{vYZfifY\Z pwkts #ylpt}{wqqz~zm|lst~}k|lyqq}
%#ylpt}{wqqz~zm|lsk~}k xqyqytkyl}~|zuvt ~lyznwqyy‡u|znqyˆo|zxvz}~t


 

~qv…tqqptyt‚‡tsxq|qytkctwt ylrxt~qtz~{}~t~qvyz{v%


ci ylrxt~qvyz{vYZfifY\Z pwkyl


#ƒ~zm‡nq|y~ˆ}knxqyŠtwtyl }~|zuvt
ylrxt~qvyz{vYZfifY\Z pwkyl rxt~q t {|tpq|rt~q vyz{v ƒ~zm‡
}~|zuvt nq|y~ˆ}kv}~lypl|~yzx|qrtx‰v|l ylrxt~qtz~{}~t~qvyz{v%
ylmqs}z|lyqytkyl}~|zqv
 #ƒ~zm‡nq|y~ˆ}knxqyŠtwtyl




ylrxt~qtz~{}~t~qvyz{v% rxt~q t {|tpq|rt~q vyz{v ƒ~zm‡


#ƒ~zm‡nq|y~ˆ}knxqyŠtwtyl nq|y~ˆ}kv}~lypl|~yzx|qrtx‰v|l
rxt~q t {|tpq|rt~q vyz{v ƒ~zm‡ ylmqs}z|lyqytkyl}~|zqv

nq|y~ˆ}kv}~lypl|~yzx|qrtx‰v|l


  





 

ylmqs}z|lyqytkyl}~|zqv

Rz}wqyl}~|zuvtylrxt~qtz~{}~t
~qvyz{v%# pwknzsn|l…q
ytkn{zpxqyŠtwtylrxt~qt{|tpq|
rt~qvyz{vpwknzsn|l…qytknowln
 


yzqxqyŠmqs}z|lyqytkyl}~|zqv

q…q|lsylrxt~qt{|tpq|rt~qvyz{
v % # pwk nzsn|l~l v }~ly
pl|~yzx|qrtx‰v|lyltwtnowlnyzq
   

xqyŠnslnt}txz}~tz~~qv…qoz|zn
ykxqyŠ


G^opnlgh^anljhlopfk^d^pf] :hpf`^tf]e`qhl`lalofak^i^ Infjcu^kfc '2=A602>0521@82{wlyz



hklmlh5440/&0- kcmnfopcakqplalncjk] nzq~qytƒq}vzqzm}wrtnlytqnvwŠ



 

_celm^oklopf*-4599*2 ƒlq~{wlyznzqzm}wrtnlytqvlrp‡q
R|t{zxz…t‰~zu€yv‚ttxzryzyl  vxtwt xtwˆylp{t}ˆ{z
}~|zt~ˆo|zxvz}~ˆsnvznzoz}toylwl `~l€yv‚tkxzrq~z~zm|lrl~ˆ}k~zwˆ knwkq~}kln~zxl~tƒq}vtvzoplvwŠƒsl
}z{|znzrplŠ…qoz ylrl~tq vyz{zv vz{z}wq~zozvlvylln~z|tsznlyyzu rtolytk {znz|lƒtnlq~}k n {zwzrqytq

 


%#YZfY\Z yl ts{|qp }~ly‚tt}q|nt}yzozzm}wrtnlytk6.? "ylƒtylk} vxtwt  xtwˆ
wzrqyy‡|znyqu
 pqlv~tnt|Š~}t}~qx'

&
}x
{l|l t{zknwkq~}knyznˆvlrp‡q vxtwt
o|l€'

&
>B>?29n|lspqwqeV}~|zu xtwt
R|t{|zzrpqyttxqyqq
Gwkyl}~|zuvto|zxvz}~t}wqpu~qty }~nlmqsz{l}yz}~tf'.32?B12A602>

}~|v‚tt vxtyptvl~z|~qytƒq}vzozzm}wrt




   





Ii^kl`lcpcskfucohlc nlytk{zknwkq~}kƒl…q
Ky€z|xl‚tk
ylrxt~qtz~{}~t~qvyz{v% l_oiqdf`^kfc#*26,)* mpq~z~zm|lrl~ˆ}knvxtwtxtwkn
#ylpt}{wqqz~zm|lst~}k|lyyqq slnt}txz}~tz~|lyqq}~lyznwqyy‡
}~lyznwqyy‡u|znqyˆo|zxvz}~t T{zxz…ˆŠ‰~zu€yv‚ttxzryz{z qptyt‚tsxq|qytk
Mzoplsl{wlyt|z
wƒl~ˆty€z|xl‚tŠz{|lntwˆyzx{wl nlyy‡uty~q|nlwxqrp‚tvwlxt~qyt
ylrxt~qvyz{vYZfifY\Z pwkyl yznzx~qytƒq}vzxzm}wrtnlyttln



 

}~|zuvt ƒq}vzozzm}wrtnlytkv{zy{zpz
~zxzmtwk
 pt~vvzy‚{|t{znz|z~qvwŠƒln{z
ylrxt~qtz~{}~t~qvyz{v% Twqpu~qty}~|v‚tt wzrqytq"ylpt}{wqq{zknt~}k}z
#ƒ~zm‡nq|y~ˆ}knxqyŠtwtyl zm…qytq'2=A602tvzwtƒq}~nzvxtwt
rxt~q t {|tpq|rt~q vyz{v ƒ~zm‡ ylrxt~qtz~{}~t~qvyz{v% xtwqu z}~ln„t}k pz {|zzrpqytk





nq|y~ˆ}kv}~lypl|~yzx|qrtx‰v|l #ylpt}{wqqz~zm|lst~}k|lyqq} {wlyznzoz~qytƒq}vzoz|qxzy~l


Tnk
ylmqs}z|lyqytkyl}~|zqv
 ~lyznwqyyzq sylƒqytq ~qytƒq}vzoz rt~q}ˆ}ln~z|tsznlyyzu}~ly‚tqu}q|
zm}wrtnlytk}zowl}yz{|zupqyy‡xvx nt}yzozzm}wrtnlytk6.?pwk{|znq
twtxtwkxnslnt}txz}~tz~{|qp‡p pqytkwŠm‡|qxzy~y‡|lmz~{|qp

 






 
 
…qu}~lyznvt}x
{l|lo|l€eqptyt‚‡ }xz~|qyy‡n{wlyznzx~qytƒq}vzx
tsxq|qytkf zm}wrtnlytt'2=A602>0521@82t{q
ylrxt~qtz~{}~t~qvyz{v% |qslo|svtpt}{wqk

# pwknzsn|l…qytknxqyŠtwtyl
rxt~qt{|tpq|rt~qvyz{vpwknzs

 

n|l~lv}~lypl|~yzx|qrtx‰v|lyl


   

F0M1009g
:hpf`^tf]bc^hpf`^tf]




 mcncbkcgmlbqvhf_celm^oklopf
 

m^oo^dfn^f_lhl`lgmlbqvhf
abcmncbqojlpnck^
!(33*/+*2(+ "#) '
 
 



`~l €yv‚tk {zsnzwkq~ lv~tnt|z


nl~ˆ pqlv~tnt|znl~ˆ{q|qpyŠŠ{zp„ h h
vmqsz{l}yz}~t{l}}lrt|l


F0M1010g

F0M1011g
Kicbqgpcfkopnqhtff



   






 Plrxt~q vyz{v % # t


vzopl {zknt~}k }zzm…qytq e.4 "#) '
<.>> $33f pwk pqlv~tnl‚tt twt
e.4<.>>$:fpwklv~tnl‚ttn‡  
m|lyyzqylrl~tqxvyz{vtYZfYZ


 

h h


q…q |ls ylrxt~q vyz{v %


#

F0M1013g

F0M1014g
 Plpt}{wqq{zknt~}k}zzm…qytqz
{zp~nq|rpqytt




 Plrxt~qvyz{vtYZfYZpwkn‡ "#) '


mz|le+2>fpwk{zp~nq|rpqytklv
~tnl‚tt pqlv~tnl‚tt twt e#;f


  





 

pwkz~xqy‡

F0M1009g

F0M1009g
 Plrxt~q t z~{}~t~q vyz{v
%# pwkz~zm|lrqytk}z
zm…qytkz{zp~nq|rpqytttnzs
n|l~lnxqyŠtwtylrxt~qt{|tpq|
 


F0M1016g
rt~qvyz{vpwknzsn|l~lv}~ly

F0M1015g
pl|~yzx|qrtx‰v|lylmqs}z|l
yqytkyl}~|zqv

   


<wslbfejcky8,4*/5 ;HJLH<HCDHFIUWL?J (=6<R|zmqoEhz~{|zxqr~zƒyz



oz{yv~lpzvzy‚lxl|„|~lpz}~{



 

`~z{z}wqpykk€yv‚tkslv|‡nlŠ…lk $"! !%$"


y‡u~zwˆvzylxyzoz€yv‚tzylwˆyzx
v|oyl}~|zqvz~zm|lrqyy‡ylt}zp Hokl`kwclol_ckklopf pt}{wqqz~zm|lrlq~plyy‡q{z}wqpŠ
yzx‰v|lyqxqyŠ
 …tx{l|lxq~|lx
(=6<0;9<@?2=mz|~znzuvzx{ˆŠ~q|
Plrxt~qtz~{}~t~qvyz{v%

 
{zvls‡nlq~ty€z|xl‚tŠvzoplvwŠƒ



R|z~krqyyz}~ˆ{~t
# pwk{q|qzplv}~lypl|~yzx|q ylzpt~}kn{zwzrqytt"z~yz}k
rtx‰v|lylmqs}z|lyqytkyl}~|zqv
 …Š}kv|lmzƒqx}z}~zkytŠln~zxz T|qpytu|l}zp~z{wtnl
Plrxt~qvyz{vpwknzsn|l~lv{q|nzu mtwk
`~l€yv‚tkzm†qptykq~pnlz~ T|qpykk}vz|z}~ˆ
pqwˆy‡tyqslnt}tx‡ƒl}~vl{~t




   

z{‚ttxqyŠ'<22122<





(=6<t(=6<z~yz}k…tq}kvsl E|qxk{~tn|qxknzrpqytk
plyyzxxl|„|~ln~zxzmtwk{zqsp Infjcu^kfc Wyv‚tk(=6<R|z
vq
 mqoExzrq~m‡~ˆz~vwŠƒqyl}x
{l|l
Qmq€yv‚ttxzryz{q|qslo|st~ˆ{q o|l€eGlyy‡qzxl|„|~qEf(=6<



 
$: $33i
&.:42Glwˆyz}~ˆt :>?.:?


|qslo|st~ˆhslpl~ˆyzn‡uxl|„|~

0;:>@9<?6;:Sl}zp~z{wtnlnplyy‡u
(=6<{|zmqoChz~ylƒlwlxl|„| xzxqy~{q|qslo|st~ˆyqnzsxzryz

~lpz{|zxqr~zƒyzoz{yv~lz~zm|l
rlq~plyy‡qz}wqpŠ…t{l|lxq~|l Hpl_n^d^cjwcek^uckf]





Glwˆyz}~ˆ '2@4589@
R|z~krqyyz}~ˆ{~t Q~zm|lrlq~|l}}~zkytqnvxtwtxtwk
vz~z|zqln~zxzmtwˆ}xzrq~{|zql~ˆ
T|qpytu|l}zp~z{wtnl

 


ylz}~ln„qx}knmlvq~z{wtnqn}wƒlq





 
 
Sl}zp~z{wtnlnplyy‡uxzxqy~ q}wt}wzntknzrpqytkyqtsxqyk~}k

Gt}{wqu{zvlrq~ n}wqpŠ…t
T|qpykk}vz|z}~ˆ }wƒlk
E|qxk{~tn|qxknzrpqytk
sylƒqytqytrq vxtwt xtwˆ

 

ln~zxzmtwˆpzwozqn|qxk{|t{l|vznly
}nvwŠƒqyy‡xpntol~qwqx

759&-,44589@6:9/

   
Rzvls‡nlq~ |l}}~zkytq {|zupqyyzq
ln~zxzmtwqxz~ylƒlwlslplyyzozxl|
„|~l


"7,+4/07'8<5+9562/)' <:@GH Q{q|l‚tk }m|z}l plyy‡




 &'(vzoplz~zm|lrlŠ~}kplyy‡qz
 

Rzvls‡nlq~}|qpytu|l}zp~z{wtnl} R|zmqoqC(=6<{zsnzwkq~}m|z
ylƒlwlslplyyzozxl|„|~l
}t~ˆ~zwˆvzty€z|xl‚tŠz~yz}k…Š
!'8<5+9562/)'4'+'44?0353,49 }kv‰~zu€yv‚tt

 

ECIPQQ{q|l‚tk}m|z}lplyy‡&



Rzvls‡nlq~|l}zp~z{wtnlylplyy‡u
xzxqy~n|qxqyt‰~zsylƒqytqzmyzn '( vzopl z~zm|lrlŠ~}k plyy‡q z
wkq~}kvlrpŠ}qvyp
H}wtln~zxz R|zmqoqE(=6<E{zsnzwkq~}m|z
mtwˆ{|t{l|vznly}nvwŠƒqyy‡xpntol }t~ˆ~zwˆvzty€z|xl‚tŠz~yz}k…Š
}kv‰~zu€yv‚tt



   


~qwqxpt}{wqu{zvlrq~ 






|t}
 F0M0124m
Mop^kl`h^kl`lalj^nvnqp^
"7,+4&&8157589@
Dklmh^$"!nfo MzoplvwŠƒslrtolytkylzpt~}kn{z
{zvls‡nlq~}|qpyŠŠ}vz|z}~ˆln~zxz wzrqytt"ylrxt~qtpq|rtnlu
mtwkvlv€yv‚tŠn|qxqytt}~qv„qoz Myz{vl$"!|l}{zwzrqyylkn~z|‚q{|l
nzoz{zp|wqnzoz{q|qvwŠƒl~qwkt}{zwˆs ~qnylrl~zx}z}~zkyttmzwqq}qvyp


 

}ylƒlwlslplyyzozxl|„|~l
 vyz{v$"! pwk}m|z}lplyy‡



q~}kvzoplvwŠƒslrtolytkylzpt~}kn{z
7,3&6:9/ wzrqytt"pwkz~zm|lrqytkttsxq A^`cnvckfcn^_lpw
yqytk|lyqq}~lyznwqyy‡sylƒqytutsl orqkhtfcg$2,1
Rzvls‡nlq~n|qxk{|z„qp„qq}ylƒl plytkyznzozxl|„|~l Z~zm‡slnq|„t~ˆ|lmz~}€yv‚tqu
wlslplyyzozxl|„|~l





ylrl~ˆtz~{}~t~ˆpwkz~zm|lrqytk|ls (=6<ylrxt~qtpq|rtnlu~qnylrl~zx
<:@GH R|t yqpz}~l~vq ty€z|xl wtƒy‡sylƒqytu }z}~zkytt  mzwqq  }qvyp vyz{v
‚ttDz|~znzuvzx{ˆŠ~q|z~zm|lrlq~ %#

sylƒqytknntpq 
Mzopl}~lnk~yz| ylrl~ˆtpq|rl~ˆpwk}m|z}ltslplytk
yznzozxl|„|~l



  





xlwˆy‡q}wzntk|lmz~‡n‡ƒt}wqytq

 

|lswtƒy‡sylƒqytu{|znzpt~}k{z}~z Gl`wgj^nvnqp*7.,33,0/
kyyz
Jylƒqytkz~zm|lrqyy‡qpz{z
n|qrpqytkyqnz}}~lylnwtnlŠ~}k
 Rq|qslo|svlxzrq~m‡~ˆ
Sƒyzu9.:@.8}~lylnwtnlqxlknzpt
~qwqx{~qxylrl~tk}zz~nq~}~nŠ…tvyz
 


{zv
ln~zxl~tƒq}vzu .@?;9.?60 nvwŠƒlŠ
…qu}kvzopl{|z~krqyyz}~ˆ{~t(=6<16>
?.:02pz}~tolq~vxtwtvzopln|qxk
   

{~t(=.A28?692pz}~tolq~ƒl
}zntxty~
{|tz~vwŠƒqytt {zn~z|yzxnvwŠƒqyttlv
vxwk~z|l

34

8QO_WT\ZNVLYLVWZYL
  



][TYVT]TPQYgK\T]



 

3OCFQNISFQTKO@SKT
$!#$!
&=;54/;15?2=20@85=;/7@

 
?;8I7; :- :2<;1/53:;9



$!#$!
-/?;9;.582 8, ;.2><2D2:5, 9-7>5
9-8I:;6 .24;<->:;>?5
@12=35/-6?2><5:7@>512:I,//2=




   





%.5/7--/?;9;.58,@>?;6 QIR F0M0055m ?57-8I:;9<;8;32:55:-78;:5?2>I
D5/-754:;>@<=5;.HD:;9 :-4-15@.215?2>I/?;9D?;=292:I
5><;8I4;/-:55-/?;9;.58, .24;<->:;>?5 <8;?:; <=5820-2? 7
$!#$! 0=@1:;6782?725.21=-9
%1:-7;=27;92:1@2?>,54
.20-?I>58I:;0;5585<=;1;835?28I %?<@>?5?2 =HD-0 4-?29



 
<=;/2=I?232>?7;>?I.8;


:;0;C-=-<-:5,22A@=:5?@=;6;123
1H :-<=592= 92?-885D2>7595 75=;/75>512:I,/:-<=-/8,KF5B
<=,37-954-<;:7-954->?237-95 <H?-,>I>1/5:@?I>512:I2/<=;
85<@D7-95 5 <;1;.:H95 -7>2>>@- 1;8I:;9:-<=-/82:55%?>@?>?/52
.8;75=;/75>512:I,9;32?<=5/2


=-95?-77-7;:5/H4H/-K?:-<=,




32:52:-?7-:5<;7=H?5,7;?;=;2 >?5720;/:24-<:;9@>92F2:5K5
9;32?<=5/2>?57=-4=H/@:5?265 <;?2=2 /;15?2829 7;:?=;8, :-1
7-7>821>?/52J?;0;7<;/=2312:5K -/?;9;.5829
<;7=H?5,

 






 
 
8QO_WT\ZNVLNf]Z^f]TPQYgK
8QO_WT\ZNVL[\ZPZWgYZOZ OPQ[\QP_]XZ^\QYL
[ZWZRQYTK]TPQYgK \T]
\T]

 

3FQFMFZAJSFQ\XAD CCFQSIKAL]NOM
3OENIMISFQ\XADQFDTLIQOCKI CCFQV NAPQACLFNIIEOOBFRPFXFNI@NFOBVO
IPFQFMFRSISFRIEFN]FCPFQFEILINA EIMOJC\ROS\
HAEKODEACOEISFL]RIEISHAQTLFMQT
KICOEISFL@EOLGN\B\S]RLFDKARODNT '%+124FKOMFNETFSR@NAVOEIS]R@NA

   
S\CLOKS@VAKIRSITEOBNOLFGAS]NA RIEFN]FCOCQFM@FDOPOEN@SI@VOS@
QTLFCOMKOLFRF PQIOPTRKANIIRIEFN]@NANFMNFOBVO
EIMORIEFS]

33

$!#$!





 

&=;/2=I?232>?7;>?I.8;
75=;/75>512:I,/:-<=-/
8,KF5B<H?-,>I>1/5:@?I>512:I2
/<=;1;8I:;9:-<=-/82:55
 





   






QIR  F0M0057m QIR  F0M0231m

6^VTPfNLYTQ][TYVT EWQV^\TcQ]VLK\QO_WT\ZNVL
[Q\QPYQOZ]TPQYgK [ZK]YTcYZOZ[ZP[Z\L
 aPNQ\YfQXZPT`TVLbTT OPQ[\QP_]XZ^\QY


 


\T]  \T] 
3OS@NISFQTKO@SKT CCFQVRPINKAOS )L@^LFKSQIXFRKOJQFDTLIQOCKIPO@R
KINFSR@5IEFN]FRMOGFSPFQFMFZAS] NIXNODOPOEPOQAIRPOL]HTJSFKNOPKI
R@CPFQFEFRLIPOS@NTS]HAFDORPINKT




3QIOBQASNOMPFQFMFZFNIIRPINKIRI
EFN]FHAJMFSRCOFPFQCONAXAL]NOFPO
LOGFNIFMFVANIXFRKA@PAM@S]


  





 

 
    

36

   
  






 

)L@NAKLONAHAENIVRIEFNIJRMPAQA 7-8-,50-
DQAU=7CFLIXFNIFOB[FMABADAGNIKA>C \T] 
^SOJDLACF
'NFKOSOQ\VMOEFL@VPOEDOLOCNIKIQF
DTLIQT_SR@POC\ROSFIBLOKIQT_SR@

 


ACSOMASIXFRKICNFOBVOEIMOMPOLOGF
%.5/7--/?;9;.58,@>?;6 NII
D5/-754:;>@<=5;.HD:;9
5><;8I4;/-:55 -/?;9;.5 )L@QFDTLIQOCKIPOEDOLOCNIKOCC\POL




   





QIR  F0M0058m
8,%1:-7;=27;92:1@2?>, NIS]RLFET_ZFF
54.20-?I>58I:;0;5585<=;1;835  3QIPOENIMANIF POENIMAJSF POE-
7ZPZO\QN]TPQYTU ?28I:;0;C-=-<-:5,22A@=:5?@=;6 DOLOCNIKEOSFVPOQPOKANFTRL\
OPQ[\QP_]XZ^\QY ;1231H:-<=592=92?-885D2>75 YISFZFLXOKBLOKIQOCKI
\T]  95<=,37-954-<;:7-954->?23



 

.ODEAKL_XHAGIDANI@NAVOEISR@CPO 7-9585<@D7-955<;1;.:H95-7
LOGFNII!NAGMISFKNOPKT EL@ >2>>@-=-95?-77-7;:5/H4H/-K?
CKL_XFNI@C\KL_XFNI@POEODQFCARI :-<=,32:52:-?7-:5<;7=H?5,7;
EFNIJ1AKNOPKFHADOQISR@INEIKASOQ ?;=;2 9;32? <=5/2>?5 7 =-4=H/@


:5?2657-7>821>?/52J?;0;7<;




PQICKL_XFNIIEANNOJUTNKWII
/=2312:5K<;7=H?5,

 






 
 
 

   

)L@RN@SI@HAENIVPOEDOLOCNIKOCOE




 NOCQFMFNNONAGMISFKNOPKI I PO
 

BOKAMIC\SAZISFPOEDOLOCNIKI
'%+123ARRAGIQ\NAHAENIVMFRSAV
CRFDEAEOLGN\TRSANACLICAS]POEDOLOC
 



NIKICQABOXFFPOLOGFNIF



   






QIR  F0M0025m QIR  F0M0026m

 2PTRKANIF NAGMISF KNOPKT  I /(,50-76,+636*5020


OPTRSISFPOEDOLOCNIK OPQ[\QP_]XZ^\QYf
\T] 


 

)L@RN@SI@PFQFENIVPOEDOLOCNIKOC


OENOCQFMFNNONAGMISFKNOPKI I )L@IRPOL]HOCANI@POEDOLOCNIKAPQI


POOBFIMRSOQONAMIC\SAZISFPOEDO POENIMAJSFFDOEOSFVPOQAPOKANFTR
LOCNIKI L\YISFZFLXOKQABOXFFPOLOGFNIF




)L@COHCQAZFNI@POEDOLOCNIKACPFQ
CONAXAL]NOFPOLOGFNIFNFQABOXFFPO
$!#$! LOGFNIFNAGMISFKNOPKT IRTRILI
&;9:5?2;?;9D?;<;10; FMOPTRSISFPOEDOLOCNIKCRPINKTRI
8;/:5751;83:H=20@85=;


  



EFN]@



 

/-?I>,18,;.2><2D2:5,;<;=H18,
4-1:26 D->?5 0;8;/H - :2 E25
);8I7;/J?;9<;8;32:55;:5/H
<;8:,K?>/;K4-F5?:@KA@:7C5K
 


)L@OPSIMIHAWIIHAZISNOJUTNKWII
POEDOLOCNIKOCTRSANOCISFRPINKTRI
EFN]@ C CFQSIKAL]NOF POLOGFNIF I
   

TEFQGICAJSFDOLOCTKAKMOGNOPLOSNFF
KPOEDOLOCNIKT

38

8;3D /-82(3(






 

'OEISFL]MOGFSQFDTLIQOCAS]POLOGF /(,5-+6*0,(
NIFQTL@PODLTBINFIC\ROSF *5;:8-55--/-82(36
'\POLNIS]RLFET_ZFF /(,5-+6*0,(
\T]

 


 2SPTRSIS]Q\XAD8T] PFQFMF
ZA@FDOCPFQFEPOLOGFNIF
 ,FQKALOORNAZFNOHAZISN\MTRSQOJRS
COMKOSOQOFOSKQFPL@FSHFQKALOCRLT
 2SQFDTLIQOCAS]NFOBVOEIMOFPOLO XAFRIL]NODORSOLKNOCFNI@
GFNIFQTL@




   





QIR F0M0027m

 ,ABLOKIQOCAS]Q\XADPFQFMFZA@
FDOPONAPQACLFNI_KQTL_POLOGF
NIF  $!#$!
"K.-,=20@85=;/7-<;8;



 
32:5, =@8, 1;83:- /H


<;8:,?I>,?;8I7;:-:2<;1/53:;9
-/?;9;.5825<=5/H78KD2::;9
1/50-?282





$!#$!
(?=;0; 4-<=2F-2?>, /H

 






 
 
<;8:,?I7-75285.;<;>82
<=;1-3:H2;<2=-C55>/,4-::H2
>9;15A57-C5,95>5>?29H=@82
/;0;@<=-/82:5,585=@82/;67;
8;:75:-<=592=@>?-:;/7@<=;

 

?5/;@0;::;6 >5>?29H 7;?;=H2
9;0@?:20-?5/:;<;/85,?I:-?2B
:5D2>752B-=-7?2=5>?5755.24;
<->:;>?I-?-732/H4/-?I-::@85
=;/-:520-=-:?555<=5/2>?57:2

   
>;;?/2?>?/5K-/?;9;.58,?=2.;
/-:5,9>2=?5A57-C55


 )L@ QFDTLIQOCKI HFQKALA PFQFMF




 ZAS]PFQFKL_XASFL]CXFS\QFVNA
 

PQACLFNI@V
9VWLPfNLYTQ
3QINFOBVOEIMORSINAPQIMFQKODEA
 



HFQKALOMFYAFSPFQFECIGFNI_ACSOMO
BIL@NATHKIVTLIWAVMOGNORLOGIS]
HFQKALOPFQFMFZA@FDOIHPOLOGFNI@

\T] CPOLOGFNIF 



   






QIR
F0M0028m QIR F0M0030m

&=5 1/532:55 42=7-8-


,FQKALOMOGFSPFQFMFZAS]R@PQIPO />201-1;83:H:-B;15?I>,
MOZIQ\XADA CECAQAHN\VPOLOGF /<;8;32:55
'5> 
NI@OB\XNOFILIANSIBLIKOCOF


 


;]^\LYQYTQSL[Z^QNLYTKWgPL
OPQ[\QP_]XZ^\QYZ




2BODQFCCNAQTGNIVHFQKALAVNAXINAFS
QABOSAS]PQICKL_XFNIIOBODQFCAHAE
QIR F0M0250m NFDORSFKLANAGASIFMKNOPKI


  





 

'%+123QOEOLGISFL]NORS]EANNOJ
5(8;.5C-/-82(3( UTNKWIIODQANIXFNAPOCQFMFNI2NA
/(,5-+6*0,( C\KL_XAFSR@ACSOMASIXFRKIXFQFHNF
8QO_WT\ZNVL\T] RKOL]KOMINTS

'\POLNFNIF^SOJOPFQAWIICOHMOGNO
 


SOL]KOPQINAVOGEFNIIKL_XAHAGIDA $!#$!
NI@CPOLOGFNII! )-77-7:-=@3:;242=7-8;
'\POLNIS]RLFET_ZFF :- 1/2=5 /;15?28, 5922?
>A2=5D2>7@K A;=9@ ;:; 9;32?
   

 -RPOL]HOCAS]PFQFKL_XASFL] EL@ >8207- /51;5492:,?I /;><=5,?52


C\BOQANFOBVOEIMODOHFQKALALF =->>?;,:5,
CODOILIPQACODO
40

vjv‘plk|‘|psjÐj{ps‘jСjj
9090-4(67673-50G0*-5:03G>00






 

F0M0032m

 





   








 





 






 
 
 

QIR

   

,AUIKRIQOCANN\JEFULFKSOQOBODQFCACFSQOCODORSFKLA 9FNSQAL]N\FPOCOQOSN\FEFULFKSOQ\ ,AUIKRIQOCANN\F


BOKOC\F EFULFKSOQ\   4FDTLIQTFM\F BOKOC\F EFULFKSOQ\   1IGNIF EFULFKSOQ\ OBODQFCA PFQFENIV RIEFNIJ
1IGNIFEFULFKSOQ\OBODQFCAHAENIVRIEFNIJ






 

 





   






QIR  F0M0033m


 





QIR  F0M0035m

QIR  F0M0034m


  



98-,9:*(;78(*3-50G 8_VZK^VL\QO_WT\ZNVT



 

8-+;308;-4C-076*686: \T]  NVWhcQYTK]VZ\Z]^T


5C-)626*C-0>-5:8(3D NQY^TWK^Z\L
5C-,-<3-2:68C\T]   4TKO@SKATPQACLFNI@SFMPFQASTQOJCOH
ETVA RMFYICANIFDOQ@XFDOIVOLOE CFNSIL@SOQOSKL_XFN
 ,AUIKRIQOCANN\JEFULFKSOQOBO NODOCOHETVA
DQFCABOKOC\VRSFKOL
  RKOQORS]CFNSIL@SOQA
 


.QARN\JRFKSOQDOQ@XIJCOHETV  MAKRIMAL]NA@RKOQORS]
 &OKOC\FQFDTLIQTFM\FEFULFKSOQ\
5INIJRFKSOQVOLOEN\JCOHETV CFNSIL@SOQA
 9FNSQAL]N\FQFDTLIQTFM\FEFULFKSOQ\
   

)FULFKSOQ\ HAUIKRIQOCAN\
)L@QABOS\EFULFKSOQOC I CNFOB
VOEIMOMPOLOGFNIIIRPOL]HTJSFROOS
CFSRSCT_ZFFPOCOQOSNOFTRSQOJRSCO
42

8_VZK^VL\L][\QPQWQYTKNZSP_aL *-5:03G>0G )C9:8C16)6+8-*






 

 3OEAXACOHETVACWFNSQAL]N\FIBO )L@NAELFGAZFJCFNSIL@WIIPARRAGIQ )L@B\RSQODOOBODQFCAPARRAGIQRKO


KOC\FEFULFKSOQ\ RKODORALONAC\POLNIS]RLFET_ZFF DORALONAC\POLNIS]RLFET_ZFF
 2BODQFCHON\NODIPOEAXACOHETVA  TRSANOCIS]QTKO@SKT NARINIJRFKSOQ  TRSANOCIS]QTKO@SKT NAKQARN\J
OVLAGEFNI@CEFULFKSOQ\PQIBOQ RFKSOQ

 


NOJPANFLICTRLOCI@VPQOMFGTSOX  OSKL_XIS]QFWIQKTL@WI_COHETVA
N\VSFMPFQASTQ NAGASIFMKNOPKI -NEIKASOQNA  CKL_XIS]QFWIQKTL@WI_COHETVANA
KNOPKFC\KL_XAFSR@ GASIFM KNOPKI  -NEIKASOQ NA
 2BODQFCPQINIHKOJSFMPFQASTQF  POCFQNTS]QTKO@SKT NA
KNOPKFHADOQAFSR@




   

NAQTGNODO COHETVA POEAXA KAK





MOGNOBOL]YFDOKOLIXFRSCACOHET  POCFQNTS]QTKO@SKT NA
 TRSANOCIS]QTKO@SKT NANFOBVOEI
VACHONTNOD MT_RKOQORS]  TRSANOCIS]QTKO@SKT NA MAKRI
MAL]NT_RKOQORS]CFNSIL@SOQA
 2BODQFCHON\NODIOENOCQFMFNNOF
TRSQANFNIFHAPOSFCANI@RCFSQOCO ,ASFMIRPOL]HTJSFRQFERSCATPQACLFNI@



 
6)6+8-*7(99(.08926+6


DORSFKLA EL@POEEFQGANI@NFOBVOEIM\VTRLO
9(365( CIJKOMUOQSAINAGMISFKNOPKT EL@
 )L@B\RSQODOTRSQANFNI@HAPOSFCA
NI@RCFSQOCODORSFKLA '\POLNIS]RLFET_ZFF OSKL_XFNI@QFWIQKTL@WIICOHETVA-N
EIKASOQNAKNOPKFC\KL_XAFSR@IPQF
 TRSANOCIS]QTKO@SKT NAKQARN\J


2YZ[VLNVWhcQYTKNfVWhcQYTK EOSCQAZFNI@OBQAHOCANI@HAPOSFCANI@




\QbT\V_WKbTTNZSP_aL RFKSOQ
'%+123QIVOLOENOMECIDASFLFNF
1AGMISFKNOPKT-NEIKASOQNAKNOP  TRSANOCIS]QTKO@SKT CNFOBVOEI OBVOEIMOC\EFQGAS]NFRKOL]KOMINTS
KFHADOQAFSR@EL@CKL_XFNI@QFWIQKT MOFPOLOGFNIF POKAGIEKORS]RIRSFM\NFNADQFFSR@EO

 






 
 
L@WIICOHETVA  TRSANOCIS]QTKO@SKT NANFOBVOEI QABOXFJSFMPFQASTQ\
1AGMISFKNOPKT-NEIKASOQNAKNOP MT_RKOQORS]
KFIRXFHAFSEL@C\KL_XFNI@QFWIQKT
L@WIICOHETVA

 

   
41

)C9:86-;9:8(5-50- ;]^\LYQYTQSL[Z^QNLYTK




 /(76:-*(50G3D,(
 

5(7-8-,50=9:-23(= 'RLTXAFHNAXISFL]NOJCLAGNORSINA
*-:86*649:-23- QTGNODO COHETVA IILI EOGE@ IILI
0)626*C=9:-23(= HNAXISFL]NOJQAHNIW\MFGETSFMPFQA
STQAMICNTSQIIRNAQTGIPARRAGIQRKO
 



'\POLNIS]RLFET_ZFF DORALONAC\POLNIS]RLFET_ZT_PQO
WFETQTPQFETPQFGEA_ZT_HAPOSFCA
 TRSANOCIS]QTKO@SKT NAKQARN\J NIF
RFKSOQ
 TRSANOCIS]QTKO@SKT NAKQARN\J



   


 OSKL_XIS]QFWIQKTL@WI_COHETVA





RFKSOQ QIR  F0M0036m


NAGASIFMKNOPKI -NEIKASOQNA
KNOPKFC\KL_XAFSR@  OSKL_XIS]QFWIQKTL@WI_COHETVA
NAGASIFMKNOPKI -NEIKASOQNA ;9:8(5-50-
 POCFQNTS]QTKO@SKT NA KNOPKFC\KL_XAFSR@ /(76:-*(50G3D,(780
6)6+8-*-/(,5-+69:-23(


 

 TRSANOCIS]QTKO@SKT NA MAKRI




 POCFQNTS]QTKO@SKT NA  ILINA 05(8;.56+6/-82(3(OPQ


MAL]NT_RKOQORS]CFNSIL@SOQA FRLINARSFKLAVNFIRXFHAFSHAPOSF [\QP_]XZ^\QYZ\T] 
3ORLFTRSQANFNI@HAPOSFCANI@L]EAIR CANIF
1AGMISFKNOPKT EL@HAPTRKAEANNOJ
POL]HTJSFRQFERSCATPQACLFNI@EL@COR  POCFQNTS] QTKO@SKT  NA CSOQT_ UTNKWIIPQICKL_XFNIIEANNOJUTNK




RSANOCLFNI@ NFOBVOEIM\V TRLOCIJ RKOQORS] WII-NEIKASOQNAKNOPKFHADOQAFSR@


KOMUOQSA
3QOEOLGISFL]NORS]EANNOJUTNKWII
ODQANIXFNA2NAOSKL_XAFSR@ACSOMA


  



SIXFRKIXFQFH MINTS)L@NFQFDLA



 

MFNSIQOCANNODO OSKL_XFNI@ EANNOJ


UTNKWIIRNOCANAGMISFKNOPKT
'%+121FKQFPISFNAKLFJKINACNT
SQFNN__POCFQVNORS]HAENFDORSFKLA
 


POCFQVNADQFCASFL]N\V^LFMFNSOCCO
IHBFGANIFPOCQFGEFNI@KOSOQOFMO
GFSC\HCAS]NFIRPQACNORS]IVQABOS\
   

44

8->082;3G>0G*6/,;=( '%+125IRSFMAQFWIQKTL@WIICNTS 909:-4(6:673-50G



QFNNFDOCOHETVAEAFSCOHMOGNORS]B\



 

'KL_XISFEANNT_UTNKWI_NAGASIFM 0*-5:03G>00
RSQFFOBFRPFXIS]NFOBVOEIM\FTRLO
KNOPKI  -NEIKASOQ NA KNOPKF CI@=OBODQFCA>I=OVLAGEFNI@> 9265,0>065-864
HADOQAFSR@ OPQ[\QP_]XZ^\QYL
1FIRPOL]HTJSFUTNKWI_QFWIQKTL@WII
)ANNA@UTNKWI@OROBFNNOPOLFHNAPQI

 


COHETVA C EOGELIC\FVOLOEN\F ENI 98-,9:*(;78(*3-50G
RIL]NOM HADQ@HNFNII NAQTGNODO SAK KAK ONA HNAXISFL]NO TCFLIXICAFS
COHETVA  C PQOBKF SONNFLF I SE \T] 
COHMOGNORS]HAPOSFCANI@RSFKOLIHNT
2ENAKO LTXYF NF POL]HOCAS]R@ F_ C SQI 8_VZK^VL_[\LNWQYTK
SFXFNIF EOLDODO CQFMFNI OROBFNNO ^QX[Q\L^_\ZUNZSP_aL




   





FRLICACSOMOBILFNAVOE@SR@NFRKOL]KO
XFLOCFK RMFYICANIFDOQ@XFDOIVOLOENODOCOH
ETVA
.QARN\JRFKSOQDOQ@XIJCOHETV



 
5INIJRFKSOQVOLOEN\JCOHETV


8_VZK^VL\QO_WT\ZNVT
NVWhcQYTK]VZ\Z]^TNQY^TWK^Z\L
CFNSIL@SOQOSKL_XFN






  RKOQORS]CFNSIL@SOQA
 MAKRIMAL]NA@RKOQORS]
CFNSIL@SOQA

 






 
 
 

   

2YZ[VLNVWhcQYTKNfVWhcQYTK




 \QbT\V_WKbTTNZSP_aL
 

1AGMISFKNOPKT-NEIKASOQNAKNOP
KFHADOQAFSR@EL@CKL_XFNI@QFWIQKT
L@WIICOHETVA
 



5NOCANAGMISFKNOPKT-NEIKASOQNA
KNOPKFC\KL_XAFSR@EL@OSKL_XFNI@
QFWIQKTL@WIICOHETVA



   


2YZ[VLNVWhcQYTKNfVWhcQYTK





VZYPTbTZYQ\L
1AGMISFKNOPKT5-)NAKNOPKFHADO
ª½ÃÉÅÏÂÇÊËÌÇÐ οÂÏË¿ËÆÅÊÁÅǽÏËÍ
QAFSR@EL@CKL_XFNI@KONEIWIONFQA
ʽ ÇÊË¿ÇÂ ĽÀËͽÂÏÎÜ
 ÁÈÜ ¿ÇÈÛÔÂÊÅÜ
ÇËÊÁÅÓÅËÊÂͽ


 

5NOCANAGMISFKNOPKT-NEIKASOQNA


KNOPKFC\KL_XAFSR@EL@OSKL_XFNI@
®ÊË¿½ʽÃÉÅÏÂÇÊËÌÇÐ ¥ÊÁÅǽÏËÍʽ
KONEIWIONFQA
ÇÊËÌÇ ¿ØÇÈÛÔ½ÏÂÏÎÜ
 ÁÈÜ ËÏÇÈÛÔÂ
ÊÅÜÇËÊÁÅÓÅËÊÂͽ




QIR  F0M0037m


  



8_VZK^VL\L][\QPQWQYTKNZSP_aL



 2BODQFCHON\NODIOENOCQFMFNNOF

 

TRSQANFNIFHAPOSFCANI@RCFSQOCODO
 3OEAXACOHETVACWFNSQAL]N\FIBO RSFKLA
KOC\FEFULFKSOQ\
 2BODQFCHON\NODIPOEAXACOHETVA  )L@B\RSQODOTRSQANFNI@HAPOSFCA
OVLAGEFNI@CEFULFKSOQ\PQIBOQ NI@RCFSQOCODORSFKLA
 


NOJPANFLICTRLOCI@VPQOMFGTSOX
N\VSFMPFQASTQ
 2BODQFCPQINIHKOJSFMPFQASTQF
NAQTGNODOCOHETVAPOEAXAKAKMOG
   

NOBOL]YFDOKOLIXFRSCACOHETVAC
HONTNOD

46

*-5:03G>0G 265,0>065-8ZaWLRPQYTQ 8QO_WT\ZNVLZaWLRPQYTK






 

)L@NAELFGAZFJCFNSIL@WIIPARRAGIQ )L@B\RSQODOOVLAGEFNI@PARRAGIQ  POCFQNTS]QTKO@SKT NAPQACOEL@


RKODORALONAC\POLNIS]RLFET_ZFF RKODORALONAC\POLNIS]RLFET_ZFF POEN@SI@SFMPFQASTQ\
 TRSANOCIS] QTKO@SKT  NA RINIJ  TRSANOCIS] QTKO@SKT  NA RINIJ  OSKL_XIS]QFWIQKTL@WI_COHETVA
RFKSOQ RFKSOQ NAGASIFMKNOPKI -NEIKASOQNA

 


KNOPKFC\KL_XAFSR@
 OSKL_XIS]QFWIQKTL@WI_COHETVA  CKL_XIS]QFWIQKTL@WI_COHETVANA
NAGASIFMKNOPKI -NEIKASOQNA GASIFM KNOPKI  -NEIKASOQ NA  POCFQNTS]QTKO@SKT EL@RNIGFNI@
KNOPKFC\KL_XAFSR@ KNOPKFHADOQAFSR@ RKOQORSICFNSIL@SOQA




   





 POCFQNTS]QTKO@SKT NA  POCFQNTS]QTKO@SKT NA
 TRSANOCIS]QTKO@SKT NANFOBVO  NAGAS]KNOPKTEL@CKL_XFNI@KON
EIMT_RKOQORS] EIWIONFQA5-)NAKNOPKFHADOQA
οÂÏË¿ËÆÅÊÁÅǽÏËÍʽ
FSR@
ÇÊË¿ÇÂĽÀËͽÂÏÎÜ



 

 TRSANOCIS]QTKO@SKT NA  MAK
RIMAL]NT_RKOQORS]CFNSIL@SOQA





 






 
 
 

   

6)6+8-*7(99(.08926+6 )C9:8C16)6+8-* )C9:86-;9:8(5-50-




 9(365( /(76:-*(50G3D,(
 

)L@B\RSQODOOBODQFCAPARRAGIQRKO 5(7-8-,50=9:-23(=
'\POLNIS]RLFET_ZFF DORALONAC\POLNIS]RLFET_ZFF *-:86*649:-23-
 TRSANOCIS]QTKO@SKT NAKQARN\J  TRSANOCIS]QTKO@SKT NAKQARN\J 0)626*C=9:-23(=
RFKSOQ RFKSOQ
 



'\POLNIS]RLFET_ZFF
 POCFQNTS]QTKO@SKT NANFOBVOEI  CKL_XIS]QFWIQKTL@WI_COHETVANA  TRSANOCIS]QTKO@SKTNAKQARN\J
M\JRIMCOL GASIFM KNOPKI  -NEIKASOQ NA RFKSOQ
KNOPKFHADOQAFSR@
 POCFQNTS]QTKO@SKT NANFOBVOEI



   


 TRSANOCIS]QTKO@SKTNA  MAK





MT_RKOQORS]  POCFQNTS]QTKO@SKT NA RIMAL]NT_RKOQORS]CFNSIL@SOQA


 TRSANOCIS]QTKO@SKT NA  MAK  POCFQNTS]QTKO@SKT NA
RIMAL]NT_RKOQORS]CFNSIL@SOQA
 OSKL_XIS]QFWIQKTL@WI_COHETVA
,ASFMIRPOL]HTJSFRQFERSCATPQACLFNI@


 

NAGASIFM KNOPKI  -NEIKASOQ NA




EL@POEEFQGANI@NFOBVOEIM\VTRLO KNOPKFC\KL_XAFSR@
CIJKOMUOQSAINAGMISFKNOPKT EL@
OSKL_XFNI@QFWIQKTL@WIICOHETVA-N
EIKASOQNAKNOPKFC\KL_XAFSR@




'%+123QIVOLOENOMECIDASFLFNF
OBVOEIMOC\EFQGAS]NFRKOL]KOMINTS
POKAGIEKORS]RIRSFM\NFNADQFFSR@EO
QABOXFJSFMPFQASTQ\


  





 

 
    

48

3ORLFTRSQANFNI@HAPOSFCANI@L]EAIR ;PLWQYTQSL[Z^QNLYTK]^QVZW



POL]HTJSFRQFERSCATPQACLFNI@EL@COR



 

RSANOCLFNI@ NFOBVOEIM\V TRLOCIJ 'RLTXAFHNAXISFL]NOJCLAGNORSINA


KOMUOQSA QTGNODO COHETVA IILI EOGE@ IILI
HNAXISFL]NOJQAHNIW\MFGETSFMPFQA
'%+12.ONEIWIONFQOXFN]POLFHFN STQAMICNTSQIIRNAQTGIPARRAGIQRKO

 


EL@TRKOQFNI@PQOWFRRATRSQANFNI@HA DORALONAC\POLNIS]RLFET_ZT_PQO
POSFCANI@SAKKAKONORTYAFSCOHETV WFETQTPQFETPQFGEA_ZT_HAPOSFCA
7RSANOCISF RQFERSCA TPQACLFNI@ NA NIF
UTNKWI_ TRSQANFNI@ HAPOSFCANI@ I
CKL_XISFKONEIWIONFQNAGASIFMKNOP  TRSANOCIS]QTKO@SKTNAKQARN\J




   





RFKSOQ QIR F0M0038m
KI5-)NAKNOPKFHADOQAFSR@
οÂÏË¿ËÆ ÅÊÁÅǽÏËÍ ʽ ÇÊË¿ÇÂ
ĽÀËͽÂÏÎÜ  OSKL_XIS]QFWIQKTL@WI_COHETVA
NAGASIFMKNOPKI -NEIKASOQNA ;9:8(5-50-
KNOPKFC\KL_XAFSR@ /(76:-*(50G3D,(
7806)6+8-*-/(,5-+6



 

 POCFQNTS]QTKO@SKT NA ILINA  9:-23(
FRLINARSFKLAVNFIRXFHAFSHAPOSFCA 05(8;.56+6/-82(3(
NIF OPQ[\QP_]XZ^\QYZ\T]
 POCFQNTS] QTKO@SKT  NA CSOQT_ 1AGAS]KNOPKT EL@HAPTRKAEANNOJ





RKOQORS] UTNKWIIPQICKL_XFNIIEANNOJUTNK
WII-NEIKASOQNAKNOPKFHADOQAFSR@
'%+12.ONEIWIONFQOXFN]POLFHFN
EL@PQFEOSCQAZFNI@HAPOSFCANI@RSF 3QOEOLGISFL]NORS]EANNOJUTNKWII
KOLPQIC\ROKOJCLAGNORSISAKKAKON ODQANIXFNA2NAOSKL_XAFSR@ACSOMA

 






 
 
ORTYAFSCOHETV SIXFRKIXFQFH MINTS)L@NFQFDLA
MFNSIQOCANNODO OSKL_XFNI@ EANNOJ
UTNKWIIRNOCANAGMISFKNOPKT
'%+121FKQFPISFNAKLFJKINACNT

 

SQFNN__POCFQVNORS]HAENFDORSFKLA
POCFQVNADQFCASFL]N\V^LFMFNSOCCO
IHBFGANIFPOCQFGEFNI@KOSOQOFMO
GFSC\HCAS]NFIRPQACNORS]IVQABOS\

   

8->082;3G>0G*6/,;=( '%+125IRSFMAQFWIQKTL@WIICNTS ;=6,/(909:-461




 QFNNFDOCOHETVAEAFSCOHMOGNORS]B\
 

'KL_XISFEANNT_UTNKWI_NAGASIFM RSQFFOBFRPFXIS]NFOBVOEIM\FTRLO 'HIMNFFCQFM@KONEIWIONFQEOLGFN


KNOPKI-NEIKASOQNAKNOPKFHA CI@=OBODQFCA>I=OVLAGEFNI@> CKL_XAS]R@POMFN]YFJMFQFQAHCMF
DOQAFSR@ R@WPQIBLIHISFL]NONA
MINTS3FQFE
1FIRPOL]HTJSFUTNKWI_QFWIQKTL@WII NARSTPLFNIFMLFSANFOBVOEIMOPQOCF
)ANNA@UTNKWI@OROBFNNOPOLFHNAPQI
 



COHETVA C EOGELIC\FVOLOEN\F ENI QIS]RIRSFMTTOUIWIAL]NODOEILFQA


RIL]NOMHADQ@HNFNIINAQTGNODOCOHET SAK KAK ONA HNAXISFL]NO TCFLIXICAFS KOMPANII! $
VACPQOBKFSONNFLFISE2ENAKO COHMOGNORS]HAPOSFCANI@RSFKOLIHNT
LTXYF NF POL]HOCAS]R@ F_ C SFXFNIF SQI
EOLDODOCQFMFNIOROBFNNOFRLICAC



   






SOMOBILFNAVOE@SR@NFRKOL]KOXFLO (5>?29-4-<;8:2:-;B8-3
CFK 1-KF263517;>?IK

7;?;=-,:24-0=,4:,2?;7=@
3-KF@K >=21@ / >8@D-2
<=;?2D75$5<=57-75B;.>?;,?28I


 

>?/-B:2<=592:,6?23517;>?I



?-77-7;:-:2>;/92>?59->J8292:
?-95>5>?29H






  





 

 
    

50

(*:64(:0?-92(G  ,APTRKKOMPQFRROQAEL@OVLAGEF 5LFET_ZIFPAQAMFSQ\IUTNKWIIMO



NI@ORTYFNI@COHETVA DTS B\S] TRSANOCLFN\ ILI IHMFNFN\



 

909:-4(
,*;=/656*6+6 CQTXNT_
 4FWIQKTL@WI@COHETVA
2304(:265:863G  6FMPFQASTQACOHETVANARSOQONFCO
'RFPFQFXIRLFNN\FC\YFUTNKWIIMO EISFL@PFQFENFDOPARRAGIQA
OPQ[\QP_]XZ^\QYL DTSB\S]IHMFNFN\CQTXNT_C\BOQOM

 


6709(50- NFOBVOEIMOJUTNKWIIUTNKWIJIIH  5KOQORS]CFNSIL@SOQANFPQFQ\C
MFNFNIFMTRSANOCLFNN\VPAQAMFSQOC' NOFIHMFNFNIF
%CSOMOBIL]ORNAZFNRIRSFMOJECTVHO ^SOMRLTXAFACSOMASIXFRKOFTPQACLFNIF
NOCODOKLIMASKONSQOL@KOSOQA@MO EFAKSICIQTFSR@RIRSFMACORRSANACLICA  4ARPQFEFLFNIF COHETVA NA RFMI




   

TQOCN@VRORSOQON\COEISFL@PF





GFSQFDTLIQOCAS]SFMPFQASTQTCOHETVA FSACSOMASIXFRKOFTPQACLFNIFSOL]KOC
IQARPQFEFLFNIFCOHETVARORSOQON\ WFL@VOBFRPFXFNI@BFHOPARNORSI4TX QFENFDOPARRAGIQA
COEISFL@IRORSOQON\PARRAGIQAPO NOJC\BOQPQFCALIQTFSNAEACSOMASI  'KL_XFNIFC\KL_XFNIFKOMPQFRRO
OSEFL]NORSI7PQACLFNIFSFMPFQAST XFRKIMIROVQAN@FSR@EOSFVPOQPOKA QARIRSFM\KLIMASKONSQOL@
QOJORNOC\CAFSR@NAPQINWIPF^KCICA COEISFL]NFQFYISCORRSANOCIS]ACSO



 
LFNSNOJSFMPFQASTQ\SOFRS]RIRSF  3QIOQISFSOENOHONOCODOECTVHO


MASIXFRKOF TPQACLFNIF NAGASIFM
MANFPQFQ\CNOQABOSAFSEL@PORSO@N KNOPKI$#HAIRKL_XFNIFMSAKIV NOCODOQARPQFEFLFNI@
NODOPOEEFQGANI@KOMUOQSN\VTRLO RLTXAFCKODEARIRSFMACMFYICAFSR@C  &\RSQOF TRSQANFNIF HAPOSFCA
CIJ CNTSQI PARRAGIQRKODO RALONA I WFL@VOBFRPFXFNI@BFHOPARNORSI7P NI@L]EA
KOMPFNRAWIIL_BODOIHMFNFNI@NAQTG QACLFNIFUTNKWI@MINFIHMFN@FM\MI





N\VKLIMASIXFRKIVTRLOCIJCKL_XA@ CQTXNT_ORSAFSR@ACSOMASIXFRKIM.O  4FWIQKTL@WI@COHETVA


ROLNFXNOFIHLTXFNIFOBNAQTGICAFMOF LIXFRSCOCOHETVACPTRKAFMODOCPARRA
ROOSCFSRSCT_ZIMEASXIKOMPQFETRMO  2BODQFCHAENFDORSFKLA
GIQRKIJRALONNFHACIRISOSRKOQORSI
SQFNN\MEL@^SOJWFLI ACSOMOBIL@SAKKAKONOKONSQOLIQTFS  )FAKSICAWI@RIRSFM\

 






 
 
5IRSFMAKLIMASKONSQOL@ACSOMASIXF R@^LFKSQIXFRKIMCFNSIL@SOQOM6FM
RKIKONSQOLIQTFSIQFDTLIQTFSRLFET_ PFQASTQACPTRKAFMODOCPARRAGIQRKIJ
ZIFPAQAMFSQ\IUTNKWII RALONCOHETVACRFDEAKONSQOLIQTFSR@
ACSOMASIXFRKICROOSCFSRSCIIROHNAXF
 6FMPFQASTQTCOHETVAIHEFULFKSO NI@MISFMPFQASTQ\TRSANOCLFNN\MINA

 

QOCRORSOQON\COEISFL@PFQFENF EIRPLFFCOEISFL@IPFQFENFDOPARRAGI
DOPARRAGIQA QAHAIRKL_XFNIFMSFVRLTXAFCKODEA
RIRSFMAOSKL_XFNAILIPQIOPQFEFLFN
 4ARPQFEFLFNIFCOHETVACEFULFKSO N\VTRLOCI@VKODEAKOMPQFRROQOSKL_
Q\RORSOQON\COEISFL@PFQFENFDO XFN

   
PARRAGIQA
 5KOQORS]CFNSIL@SOQAIHMFNFNIF
PORSO@NNODOPOSOKACOHETVA

 .NOPKAQARPQFEFLFNI@COHETVANA








 RSOQONFCOEISFL@
 

 

 .NOPKACKL_XFNI@UTNKWII$#
ACSOMASIXFRKA@QABOSAIQTKO@SKA
EL@ QFDTLIQOCKI SFMPFQASTQ\ NA
 

 





RSOQONFCOEISFL@
09763D/6*(50-909:-4C
2304(:265:863G



   


   

5IRSFMAMOGFSHAPTRKAS]R@QAHLIXN\









MIRPOROBAMI2ENAKOQFKOMFNETFSR@
NAGAS]OENTIHKNOPOK$#AHASFM
POCFQNTS]QTKO@SKIEL@TRSANOCKINF
OBVOEIM\VSFMPFQASTQNAEIRPLFF







 



0OGNOTRSANOCIS]QAHN\FSFMPFQAST
Q\OSEFL]NOEL@COEISFL@IPARRAGI
QARMAKRIMAL]NOJQAHNIWFJ<
'^SOMRLTXAFRIRSFMANAXNFSQABOST









POLNORS]_CACSOMASIXFRKOMQFGIMF
QIR
F0M0039m
EL@B\RSQODOOBFRPFXFNI@SFMPFQASTQ
KOMUOQSA5IRSFMATRSANACLICAFSSFM
PFQASTQTCOHETVAKOLIXFRSCOIQARPQF


  



98-,9:*(;78(*3-50G\T]
 .NOPKACKL_XFNI@UTNKWII&

 





 


 


 
 
 B\RSQOFTRSQANFNIFHAPOSF EFLFNIFASAKGFKONSQOLIQTFSUTNK
 .NOPKA EL@ CKL_XFNI@ UTNKWII CANI@L]EARPFQFENIVRSFKOL WI_QFWIQKTL@WIICOHETVAIHAPTRKA
C\QACNICANIFTRSANOCLFN KOMPQFRROQAKONEIWIONFQA
N\VSFMPFQASTQEL@COEISFL@PAR  .NOPKACKLC\KLOBODQFCAHAENFDO
RAGIQA RSFKLA
 


 

 .NOPKA CKL_XFNI@C\KL_XFNI@  .NOPKACKL_XFNI@UTNKWII $#
KOMPQFRROQAKONEIWIONFQA ACSOMASIXFRKA@QABOSAIQTKO@SKA
EL@ QFDTLIQOCKI SFMPFQASTQ\ NA
 .NOPKACKLC\KLQFWIQKTL@WIICOH RSOQONFPARRAGIQA
ETVA
   

   
 .NOPKAQARPQFEFLFNI@COHETVANA
 )IRPLFJ OSOBQAGA_ZIJ EANN\F RSOQONFPARRAGIQA
RIRSFM\KLIMASKONSQOL@
 7CFLIXFNIFTMFN]YFNIFRKOQORSI
 .NOPKAC\KL_XFNI@KLIMASKONSQOL@ CFNSIL@SOQA
52
 51
'OCQFM@QABOS\RIRSFM\CPOLNORS]_ 'OCQFM@QABOS\CQFGIMF$$ 3OCFQNTS]QTKO@SKIPOIPQOSICXARO






ACSOMASIXFRKOMQFGIMFFEINRSCFNNO #PQIIHMFNFNIIQARPQFEFLFNI@COH COJRSQFLKIEOTPOQAEL@HAPTRKAROOS







 

 

NFOBVOEIM\MIQTXN\MINARSQOJKAMI ETVAIILIPOSOKACOHETVAIILIHAPTR CFSRSCFNNO MAKRIMAL]NODONADQFCA


@CL@_SR@RLFET_ZIF KA KOMPQFRROQA IILI QFWIQKTL@WII ILI MAKRIMAL]NODOOVLAGEFNI@
COHETVARLOCO$ IRXFHAFS'^SOM
 C\QACNICANIFTRSANOCLFN RLTXAFRIRSFMABTEFSPQOEOLGAS]ACSO )L@ OSKL_XFNI@ ^SIV ECTV UTNKWIJ
 

 





NOJSFMPFQASTQ\COHETVAIQARPQF MASIXFRKIJKONSQOL]CRFVUTNKWIJHA PQORSOPOCFQNISFQTKO@SKTQFDTLIQOC
EFLFNI@COHETVANAPARRAGIQRKOJ IRKL_XFNIFMSFVXSOB\LIIHMFNFN\ KISFMPFQASTQ\ITRSANOCISFNFOBVO
RSOQONFRORSOQONOJCOEISFL@ CQTXNT_5KOQORS]CFNSIL@SOQABTEFS EIMT_SFMPFQASTQT
  QFWIQKTL@WI@COHETVAEFQ OEINAKOCOJ EL@ KAGEOJ HON\ PARRA 2YZ[VT\L][\QPQWQYTKNZSP_aL


    





   

GIQRKODORALONA









GAS]CRFDEACOCKL_XFNNOMILIC\
KL_XFNNOMRORSO@NII 3QINAGASII^SIVKNOPOKMOGNOCQTX
8_VZK^VT\QO_WT\ZNVT^QX[Q\L^_ NT_C\BQAS]OEINIHRFMICOHMOGN\V
  TRKOQFNIFPQOWFRRATRSQANFNI@ \fNZSP_aL QFGIMOCQARPQFEFLFNI@COHETVACPAR
HAPOSFCANI@L]EARCFSQOCODORSFK 3OCOQOSQTKO@SOKPOIPQOSICXAROCOJ RAGIQRKOMRALONFPQACA@ILFCA@RSO






 

LABOKOC\VRSFKOLHAENFDORSFKLA QONA



 
RSQFLKIPOC\YAFSILIPONIGAFSSFM


INAQTGN\VHFQKALHAENFDOCIEA PFQASTQTCOHETVANFOBVOEIMODOCPF
QFENFJLFCOJHONFQTKO@SKAILIC N 3OSOK COHETVA K EFULFKSOQAM
  TRSQANFNIFHAPOSFCANI@L]EAPQI PQACOJHONFQTKO@SKAPARRAGIQRKO CFSQOCODORSFKLAIPFQFENIMBOKO
OBODQFCFHAENFDORSFKLAINAQTG DORALONA6AKKAKRIRSFMAORTZFRSCL@ C\MRSFKLAMEL@TRSQANFNI@HAPOSF


N\VHFQKALHAENFDOCIEA CANI@ILIL]EA








FSKONSQOL]ECTVHONPARRAGIQRKODORA
'OCQFM@QABOS\RIRSFM\CPOLNORS]_ LONAMOGNOOBFRPFXIS]INEICIETAL]  3OSOKCOHETVAKWFNSQAL]N\MIBO
ACSOMASIXFRKOMQFGIMFCL_BOFCQF NT_SFMPFQASTQTEL@COEISFL@IPAR KOC\MEFULFKSOQAMPQIBOQNOJPA
M@MOGNOPOMFN@S]TRSANOCLFNN\FHNA RAGIQARMAKRIMAL]NOJQAHNIWFJ< NFLIEL@OBETCALIWAISOQRARIE@


  



 


7RSANOCLFNN\F HNAXFNI@ SFMPFQASTQ









 
 
XFNI@SFMPFQASTQQARPQFEFLFNI@COH ZFDOCOCQFM@GAQ\
ETVAIRKOQORSICFNSIL@SOQARIRPOL] OSOBQAGA_SR@NAEIRPLF@VOKOLOROOS
HOCANIFMROOSCFSRSCT_ZIVKNOPOKI CFSRSCT_ZIVQTKO@SOK1AGASIFKNOP O 3OSOKCOHETVACPFQFENIFIHAENIF
QTKO@SOKRIRSFMAACSOMASIXFRKIIHMF KI ACSOMASIXFRKIC\QACNI NIGNIFHON\PARRAGIQRKODORALO
CAFSSFMPFQASTQTNARSOQONFPARRAGI NA-HHAPQIQOENODORCOJRSCASFP
NISRCOINARSQOJKIEL@C\POLNFNI@QF QACROOSCFSRSCIIRSFMPFQASTQOJNA LATRSQFML@S]R@NACFQVEANN\JSIP
 


DTLIQOCKICROOSCFSRSCIIRNOC\MISQF

 

RSOQONFCOEISFL@SAKIMOBQAHOMMOG QARPQORSQANFNI@COHETVAPOHCOL@
BOCANI@MI NOTRSANOCIS]OENTISTGFSFMPFQAST FSOBODQFCAS]PARRAGIQRKIJRALON
QTNAOBFIVHONAVPOCOQOSOMQTKO@S CKQASXAJYFFCQFM@SAKGFOBFRPF
KI NARSOQONFCOEISFL@4ABOSACQAH XICA@NFHAMFELISFL]NOFOZTZFNIF
EFL]N\VQFGIMAVSFMPFQASTQ\COHETVA
   

SFPLA

   
IQARPQFEFLFNI@COHETVACORRSANACLI
CAFSR@POCOQOSOMQTKO@SOK ILIPO
CSOQN\MNAGASIFMKNOPKI 
KODEAINEIKASOQNAKNOPKFHADOQAFSR@
52 51

 4AHEFLFNIF POSOKA COHETVA MFGET 'OCQFM@QABOS\CQFGIMF$$# 'FNSIL@SOQMOGFSB\S]C\KL_XFNNAGASI




 O EFULFKSOQAMI R NAPQACLFNIFM COH RIRSFMA ORTZFRSCL@FS ACSOMASIXFRKIJ FMKNOPKIC\KL_XFNI@KLIMASKONSQOL@
 

ETVACNIGN__HONTPARRAGIQRKODO KONSQOL]QARPQFEFLFNI@COHETVAC\BI
QA@NAIBOLFFOPSIMAL]N\JCAQIANSCRO '%+12)L@CORRSANOCLFNI@ACSOMASI
RALONARAM\JSFPL\JCOHETVINA XFRKODOTPQACLFNI@RKOQORS]_CFNSIL@
WFNSQAL]N\FIBOKOC\FEFULFKSOQ\ OSCFSRSCIIRKLIMASIXFRKIMITRLOCI@MI
3QI QARPQFEFLFNII COHETVA C QFGIMF SOQAPORLFQTXNOJQFDTLIQOCKINAGMI
PQIBOQNOJPANFLIRAM\JVOLOEN\J
 



$$# INEIKASOQ\C\KL_XFN\ SFKNOPKT$#


COHETV6AKOFQARPQORSQANFNIFPOSO
KACOHETVAOROBFNNOPQIMFN@FSR@CFR 3QIC\BOQFQFGIMAQABOS\CQTXNT_SIP 2YZ[VT$#LN^ZXL^TcQ]VLK
NOJIORFN]_PQIROLNFXNOJPODOEF QARPQFEFLFNI@ COHETVA TKAH\CAFSR@ \LMZ^L
N 4AHEFLFNIF POSOKA COHETVA MFGET



   


CKL_XFNIFMROOSCFSRSCT_ZFDOINEIKA





3QINAGASIIKNOPKI$# RORSOQO
O EFULFKSOQAMI CFSQOCODO RSFKLA I SOQANAC\BQANNOJKNOPKF3QIKOMBI N\COEISFL@IILIRORSOQON\PFQFENF
PFQFENIMIBOKOC\MIRSFKLAMIEL@TR NIQOCANNOJUTNKWIINAGASIFMKNOPKI DOPARRAGIQARIRSFMAACSOMASIXFRKIQF
SQANFNI@HAPOSFCANI@L]EAIEFULFK HAPTRKAFSR@ROOSCFSRSCT_ZA@UTNKWI@ DTLIQTFS KOLIXFRSCO I QARPQFEFLFNIF
SOQAMI NAPQACL@_ZIMI COHETV C 3QI^SOMPOCSOQNOFNAGASIFKNOPKIRO COHETVAPOEACAFMODOCPARRAGIQRKIJRA


 

NIGN__HONTPARRAGIQRKODORALONA OSCFSRSCT_ZFJ TGF AKSICIQOCANNOJ LONOSMFN@@CRFPQFE\ETZIFQTXN\FQF




;SOSSIPQARPQFEFLFNI@COHETVAPOH UTNKWIIOSKL_XISFFIC\KL_XISROOS DTLIQOCKI;SORORSO@NIFTKAH\CAFSR@


COL@FS OBFRPFXICAS] EORSASOXN\J CFSRSCT_ZIJ5-)KNOPKI)L@CORRSA
οÂÏË¿ËÆ ÅÊÁÅǽÏËÍ ÇËÊÌ ROOBZFNIFM $$# NAPFQFENFM
OBODQFCPARRAGIQRKODORALONARPQF NOCLFNI@ACSOMASIXFRKODOQARPQFEFLF
ÇÅ  ¡ÈÜ ¿ËÎÎϽÊË¿ÈÂÊÅÜ ½¿ÏËɽÏÅÔÂÎÇËÀË EIRPLFFRIRSFM\7PQACLFNIFPOKQAJ
EOSCQAZFNIFMCOHMOGNODOHAPOSFCA NI@COHETVAPORLFC\BOQAQFGIMACQTX
ͽÎÌÍÂÁÂÈÂÊÅÜ¿ËÄÁÐÒ½ÌËÎÈ¿ؾËͽÍ NFJMFQFOENOJACSOMASIXFRKOJUTNK




NI@RSFKOL NT_NAGMISFKNOPKT$#
ÃÅɽ¿ÍÐÔÊÐÛ ʽÃÉÅÏÂÇÊËÌÇÐ"650 WIFJCQTXNT_QFWIQKTL@WI@COHETVA
QARPQFEFLFNIFCOHETVARKOQORS]CFNSI
N 4AHEFLFNIF POSOKA COHETVA MFGET .ODEACOEISFL]C\BIQAFSQFGIMQARPQF
L@SOQAILIOSKL_XFNIFKOMPQFRROQAKLI
 EFULFKSOQAMICFSQOCODORSFKLAEL@ EFLFNI@COHETVAKCFSQOCOMTRSFKLTCOH
ETVNAPQACL@FM\JNARSOQONTPARRAGIQA MASKONSQOL@PQICFEFSKIRXFHNOCFNI_
TRSQANFNI@HAPOSFCANI@L]EAIWFNS


  





 

BTEFSSAKGFNAPQACLFNKCFSQOCOMTRSFK REIRPLF@ROOBZFNI@$;SOOHNA
QAL]N\MIIBOKOC\MIEFULFKSOQAMI XAFSXSOACSOMASIXFRKOFTPQACLFNIF@C
PQIBOQNOJPANFLI;SOSSIPQARPQF LT2ENAKOPARRAGIQMOGFSC\BQAS]NF
OBVOEIM\JQFGIMQARPQFEFLFNI@COHET L@FSR@NFPOLN\MHAIRKL_XFNIFMSFM
EFLFNI@COHETVAPOHCOL@FSOBFRPFXI PFQASTQNODOKONSQOL@KOSOQ\J@CL@FS
CAS]EORSASOXNT_CFNSIL@WI_CROL VANAGASIFMROOSCFSRSCT_ZIVKNOPOK
R@CRFDEAACSOMASIXFRKIM
NFXNT_PODOET 2YZ[VT\QO_WT\ZNVT]VZ\Z]^T
 


N 4AHEFLFNIFPOSOKACOHETVAMFGETCRF NQY^TWK^Z\L
 MIEFULFKSOQAMIACSOMOBIL@ 1AGMISFKNOPKT EL@TCFLIXFNI@ILI
O TMFN]YFNI@RKOQORSICFNSIL@SOQAA
   

HNAXISIKOLIXFRSCACOHETVAPOEACAF
MODOCPARRAGIQRKIJRALONEAGFPQI
ROVQANFNII NFOBVOEIMOJ NARSQOJKI
SFMPFQASTQ\
54

'%+12*RLIRIRSFMAPORLFQTXN\V 2YZ[VLNVWhcQYTKNfVWhcQYTK 3QIVOLOENOJNAQTGNOJSFMPFQASTQF



NARSQOFKNFMOGFSBOL]YFDAQANSIQO \QbT\V_WKbTTNZSP_aL QFWIQKTL@WI@ C\KL_XAFSR@ PQINTEI



 

CAS]POEEFQGKTTRSANOCLFNNOJSFMPF SFL]NOPFQFKQ\CAFSR@NAQTGN\JCOH
QASTQ\CPARRAGIQRKOMRALONFHNAXF 4FGIMQFWIQKTL@WIICOHETVAQABOSAFS ETVOHABOQNIKEL@PQFEOSCQAZFNI@HA
NIFSFMPFQASTQ\NAXNFSMIDAS]EL@IN CROOSCFSRSCIIRORLFET_ZIMPQINWI POSFCANI@NARSFKLAV
EIKAWII^SODOTRLOCI@XFQFHOENTMI POM^KRPLTASAWII

 


NTSTROOBZFNIF$# IRXFHNFS 3QIACSOMASIXFRKOJQABOSFCNTSQFNN@@
 %CSOMASIXFRKOFCKL_XFNIFNAGASI QFWIQKTL@WI@COHETVAACSOMASIXFRKI
)L@CORRSANOCLFNI@ACSOMASIXFRKODO FMOENOJIHKNOPOK$#-NEIKA KONSQOLIQTFSR@RIRSFMOJCROOSCFSRS
TPQACLFNI@RIRSFM\CL_BOJMOMFNS WI@^SODOQFGIMAOBOHNAXFNAPO@CLF CIIRTRLOCI@MIOKQTGA_ZFJRQFE\
PORLFOENOJILINFRKOL]KIVQTXN\VQF NIFMINEIKASOQA$# NAEIRPLFF




   





DTLIQOCOKNAGMISFKNOPKT$# OKOLOKONSTQAACSOMOBIL@ 3QINARSQOJKFQTXNOJQFWIQKTL@WII
RLOCA$ I$# IRXFHA_SREIR
2YZ[VL  3QINTEISFL]NOFCKL_XFNIFCNTSQI PLF@
PWKNf\LNYTNLYTK ACSOMOBIL@QFWIQKTL@WI@COHETVACRF
_]^LYZNWQYYfa^QX[Q\L^_\ DEACKL_XFNA-NEIKAWI@^SODOQFGI
MAOBOHNAXFNAC\KL_XFNIFM-NEIKA



 
$!#$!


T\L][\QPQWQYTKNZSP_aL
SOQNAKNOPKF IPO@CLFNIFMRIMCO $2=27;92:1@2?>,5><;8I
1AGASIFKNOPKI ACSOMASIXF LA NAEIRPLFF 4;/-?I=2C5=7@8,C5K/;4
RKIC\QACNICAFSSFMPFQASTQTRORSOQO 1@B-/1;3185/H2B;8;1:H21:5
N\PARRAGIQARSFMPFQASTQOJRORSOQO  3QINTEISFL]NOF C\KL_XFNIF QF
WIQKTL@WI@COHETVACRFDEAC\KL_XF ?-77-7J?;><;>;.:;4:-D5?28I:;





N\COEISFL@6AKIMOBQAHOMMOGNOTR @/285D5?I/;49;3:;>?I4-<;?2/-
SANACLICAS]OEINAKOCT_SFMPFQASTQTI NAPQIHABOQFCOHETVARNAQTGI-N
EIKAWI@^SODOQFGIMAOBOHNAXFNA :5,>?27;854:@?=5
QARPQFEFLFNIFCOHETVACECTVHONAVPO
COQOSOMQTKO@SKINARSOQONFCOEISF C\KL_XFNIFM-NEIKASOQNAKNOPKF
IPO@CLFNIFMRIMCOLA NAEIRPLFF

 




L@)ANNA@UTNKWI@PQFENAHNAXFNAEL@



 
 
OBLFDXFNI@QFDTLIQOCKISFMPFQASTQ\ 'KL_XFNIFC\KL_XFNIF PQINTEI
CRFDOPARRAGIQRKODORALONAKODEACAC SFL]NOJQFWIQKTL@WIIC\BIQAFSR@
SOMOBILFNAVOEISR@SOL]KOOEINCOEI NAGASIFMKNOPKI
SFL]4ABOSACQAHEFL]N\VQFGIMAVTR '%+125IRSFMACNTSQFNNFJQFWIQKT
SANOCKISFMPFQASTQIQARPQFEFLFNI@ L@WIICOHETVAPOHCOL@FSB\RSQFFOBFR

 

COHETVACORRSANACLICAFSR@POCOQOSOM PFXIS]NFOBVOEIM\FTRLOCI@OBODQFCA
QTKO@SKI EL@TRSANOCKISFMPFQAST ILIOVLAGEFNI@
Q\RORSOQON\PFQFENFDOPARRAGIQA
ILI POCSOQN\M NAGASIFM KNOPKI 2ENAKO NF QFKOMFNETFSR@ IRPOL]HO
CAS]QFWIQKTL@WI_COHETVACEOGELI

   
KODEA-NEIKASOQNAKNOPKF
HADOQAFSR@ C\FVOLOEN\FENISAKKAKONAMOGFS
HNAXISFL]NOTCFLIXICAS]COHMOGNORS]
HAPOSFCANI@RSFKOLOROBFNNOFRLIRI
RSFMAKLIMASKONSQOL@C\KL_XFNA

2YZ[VLNVWhcQYTKNfVWhcQYTK 3QIOSKL_XFNNOMKOMPQFRROQFKONEIWI  ,APTRKAFS NAELFGAZT_ RKOQORS]




 VZX[\Q]]Z\LVZYPTbTZYQ\L ONFQARIRSFM\KLIMASKONSQOL@FRLISFM CFNSIL@SOQACROOSCFSRSCIIRSFM
 

]T]^QXfVWTXL^VZY^\ZWK PFQASTQANAQTGNODOCOHETVAC\YFXFMTR PFQASTQOJOVLAGEA_ZFJGIEKORSI


SANOCLFNNA@SFMPFQASTQARIRSFMANFRMO ECIDASFL@EL@ODQANIXFNI@POSOKA
1AGASIFMKNOPKI PQICKL_XFNNOM GFSPOEEFQGICAS]NFOBVOEIM\FTRLOCI@ POEACAFMODOCPARRAGIQRKIJRALON
INEIKASOQFNAKNOPKFKOMPQFRROQOS IHNAXFNIFSFMPFQASTQ\NAXNFSMIDAS]NA COHETVANFEORSASOXNOSFPLODOEL@
 



KL_XAFSR@IINEIKASOQNAKNOPKFDAR EIRPLFFCSFXFNIFNFRKOL]KIVRFKTNEPO TRSQANFNI@HAPOSFCANI@RSFKOL


NFS1AGASIFM^SOJKNOPKIPQIC\KL_ RLFXFDORLOCO$# IRXFHNFS
XFNNOMINEIKASOQFNAKNOPKFKOMPQFR  1APQACL@FSPOSOKCOHETVACEFULFK
ROQHAPTRKAFSR@IINEIKASOQNAKNOP 3QIOSKL_XFNNOMKOMPQFRROQFKONEIWI SOQ\CFSQOCODORSFKLAIPFQFENIV



   


KF HADOQAFSR@ 3QI OSKL_XFNII KOM ONFQARIRSFM\KLIMASKONSQOL@RKOQORS] BOKOC\VRSFKOL







PQFRROQARIRSFMAOSKL_XAFSQFWIQKT CFNSIL@SOQA MOGFS TRSANACLICAS]R@ NA


L@WI_COHETVAEL@PQFEOSCQAZFNI@HA NOL]CQTXNT_  'KL_XAFSOBODQFCHAENFDORSFKLA
POSFCANI@RSFKOL '%+128TNKWI@B\RSQODOTRSQANFNI@
3QICKL_XFNNOMKOMPQFRROQFIQABOSA
'^SOMRLTXAFVOS@RIRSFMAMOGFSPOE _ZFMECIDASFLFRKOQORS]CFNSIL@SOQANF HAPOSFCANI@L]EAQABOSAFSPQIBLIHISFL]


 

NOCSFXFNIF MINTSEOSFVPOQPOKA


EFQGICAS]NFOBVOEIMT_SFMPFQASTQT MOGFSB\S]NIGFOENOJPOLORKINAEIR
RLOCO$ IRXFHNFSREIRPLF@*RLI PLFF SFMPFQASTQAOVLAEISFL@ECIDASFL@NFEO
RIRSFMANFMOGFSBOL]YFPOEEFQGI RSIDNFSNAELFGAZFJSFMPFQASTQ\
CAS]NFOBVOEIMT_SFMPFQASTQTHNAXF 2YZ[VLMf]^\ZOZ_]^\LYQYTK
SL[Z^QNLYTKWgPL 3QI CKL_XFNII UTNKWII HADOQA_SR@
NIFSFMPFQASTQ\NAXNFSMIDAS]IRLOCO


-NEIKASOQNAKNOPKFB\RSQODOTRSQA



$# IRXFHNFSREIRPLF@ 1AGMISF^STKNOPKTRIRSFMAKLIMASKON NFNI@HAPOSFCANI@L]EAI-NEIKASOQNA


'%+123QIOSKL_XFNIIKOMPQFRROQA SQOL@ACSOMASIXFRKICKL_XISCRFUTNK KNOPKFOBODQFCAHAENFDORSFKLA
KONEIWIONFQARIRSFM\KLIMASKONSQOL@ WIINFOBVOEIM\FEL@B\RSQODOTRSQANF
NI@HAPOSFCANI@L]EARCFSQOCODORSFKLA 5LOCO$$# IRXFHAFSREIRPLF@


  





 

POEAXACOHETVACPARRAGIQRKIJRALONR
SFMPFQASTQOJNIGFSFMPFQASTQ\NAQTG IPFQFENIVBOKOC\VRSFKOLSOFRS] 3QICKL_XFNIIUTNKWIIMAKRIMAL]NOB\
NODOCOHETVANFPQFERSACL@FSR@COHMOG  'KL_XAFSKOMPQFRROQKONEIWIONF RSQODOTRSQANFNI@HAPOSFCANI@L]EAFEIN
N\MBOLFFSODOCNFKOSOQ\VTRLOCI@V QARIRSFM\KLIMASKONSQOL@PQIPOE RSCFNNOCOHMOGN\MIOPFQAWI@MIORT
OKQTGA_ZFJRQFE\RSFKLAMODTSB\RSQO VOE@ZIVKLIMASIXFRKIVTRLOCI@V ZFRSCL@FM\MICQTXNT_@CL@_SR@QTXNA@
HAPOSFCAS]SAKKAKCOHETVNFORTYAFSR@ QFDTLIQOCKARKOQORSICFNSIL@SOQAOS
 


 '\KL_XAFSQFWIQKTL@WI_COHETVA KL_XFNIFOBODQFCAHAENFDORSFKLA3QI
2SKL_XFNIFKOMPQFRROQAKONEIWIONFQA NAGASIIKNOPKIMAKRIMAL]NOB\RSQODO
RIRSFM\KLIMASKONSQOL@ROVQAN@FSR@EA  2BFRPFXICAFSMAKRIMAL]NT_SFMPF TRSQANFNI@HAPOSFCANI@L]EAILIKNOPOK
GFPQIORSANOCKFECIDASFL@ QASTQTCOHETVA COBFIVHONAV QFWIQKTL@WIICOHETVAILIKNOPKIOSKL_
   

)L@CORRSANOCLFNI@ACSOMASIXFRKODOTP XFNI@KOMPQFRROQAILIKNOPKI$#
QACLFNI@CKL_XFNIFMKOMPQFRROQAKON RIRSFMAOSKL_XAFSUTNKWI_MAKRIMAL]
EIWIONFQARIRSFM\KLIMASKONSQOL@RNO NOB\RSQODOTRSQANFNI@HAPOSFCANI@L]EA
CANAGMISFKNOPKT  ILINAGMISFKNOP ICORRSANACLICAFSQABOXIFTRLOCI@RIRSF
M\EOFFCKL_XFNI@
56
 KT$#
2YZ[VL_]^\LYQYTK  .OMPQFRROQKONEIWIONFQAOSKL_ ,676350:-3D5C1



SL[Z^QNLYTKWgPL[\TZMZO\QNQ XFN 6)6+8-*(:-3D



 

SLPYQOZ]^QVWLTYL\_RYfa OPQ[\QP_]XZ^\QY
SQ\VLWSLPYQOZNTPL  'FNSIL@SOQOSKL_XFN
OPQ[\QP_]XZ^\QYZ ;SOTRSQOJRSCOPQIMFN@FSR@EL@TRKO
2BODQFCHAENFDORSFKLASOGFMOGFS QFNI@OBODQFCAPARRAGIQRKODORALONA
B\S]CKL_XFNILIC\KL_XFNPQIOSKL_

 


1AGMISF^STKNOPKTEL@HAPTRKAUTNK PQIVOLOENOMKLIMASF
WIITRSQANFNI@HAPOSFCANI@L]EAPQI XFNIIRIRSFM\
OBODQFCFHAENFDORSFKLA )OPOLNISFL]N\JOBODQFCASFL]OSKL_
'%+125IRSFMAROVQANISPQFECAQI XAFSR@ACSOMASIXFRKIPORLFOBFRPFXF
3QICKL_XFNII^SOJUTNKWII-NEIKA SFL]NOTRSANOCLFNN\FHNAXFNI@SFMPF NI@NFOBVOEIM\VTRLOCIJKOMUOQSA




   

QASTQ\PFQFEOSKL_XFNIFMICORRSANO





SOQNAKNOPKFHADOQAFSR@
CISIVPQINAGASIIL_BOJKNOPKIHA (N^ZXL^TcQ]VLKPN_aSZYZNLK
3QOEOLGISFL]NORS]EANNOJUTNKWII IRKL_XFNIFMUTNKWIIOBODQFCAHAENF ]T]^QXLVWTXL^VZY^\ZWK
ODQANIXFNA2NAOSKL_XAFSR@ACSOMA DORSFKLAFRLIUTNKWI@OSNOR@ZA@R@
SIXFRKIPQIBLIHISFL]NOXFQFH MINTS K NAGASOJ KNOPKF OSKL_XFNA ONA )OPOLNISFL]N\JOBODQFCASFL]CKL_
ILIPQIPOCSOQNOMNAGASIIKNOPKIILI CKL_XISR@FRLIUTNKWI@CKL_XFNASO XISR@ACSOMASIXFRKIPORLFPOCOQOSA



 

OSKL_XFNIFMECIDASFL@2NANFCKL_ ONAROVQANISR@CAKSICNOMQFGIMFQA KL_XAHAGIDANI@CPOLOGFNIF
XISR@ACSOMASIXFRKIPQIPFQFHAPTRKF BOS\ 8_cYZUZMZO\QNL^QWg
ECIDASFL@ T]T]^QXLVWTXL^VZY^\ZWK
1AGMISF$# EL@PFQFCOEARIRSF
'%+121FKQFPISFNAKLFJKINACNT M\CACSOMASIXFRKIJQFGIM


)OPOLNISFL]N\JOBODQFCASFL]CKL_XIS




SQFNN__POCFQVNORS]HAENFDORSFKLA R@ACSOMASIXFRKIPOCOQOSOMQTKO@SKI
POCFQVNADQFCASFL]N\V^LFMFNSOCCO NAPORLFENIJKQARN\JRFKSOQICKL_XF
IHBFGANIFPOCQFGEFNI@KOSOQOFMO NIFM CFNSIL@SOQA QTKO@SKOJ  PO
GFSC\HCAS]NFIRPQACNORS]IVQABOS\ KQAJNFJMFQFNAPFQCT_RKOQORS]

 






 
 
2YZ[VLZ^VWhcQYTK]T]^QXf '%+122BODQFCASFL]QABOSAFSSOL]
VWTXL^VZY^\ZWK KOPQINIHKOJNAQTGNOJSFMPFQASTQFI
1AGMISFKNOPKT EL@OSKL_XFNI@RI SFMPFQASTQFOVLAEISFL@ECIDASFL@
RSFM\3QIOSKL_XFNIIRIRSFM\FFRO '%+122BODQFCASFL]NFCKL_XISR@

 

RSO@NIF@CL@FSR@RLFET_ZIM PQINFEORSASOXNOJHAQ@EKFAKKTMTL@
 )IRPLFITRSANOCLFNN\VSFMPFQASTQ SOQNOJBASAQFI
OSKL_XFN\

   
 4FWIQKTL@WI@COHETVACKL_XFNA

55

*5-@5--69*-A-50- 28(:26*8-4-556-




 *23F?-50-
 

.OMBINIQOCANN\JPFQFKL_XASFL]RLF ,(3D5-+69*-:(
COJRSOQON\\T] ORTZFRSCL@FSTP
QACLFNIFBOL]YINRSCOMNAQTGN\VUAQ 3OS@NISFQ\XADPFQFKL_XASFL@KQTL_
PFQCOFCQFMFNNOFPOLOGFNIFNFHACI
 

'NFYNIFUAQ\MODTSCKL_XAS]R@SOL]



RIMOOSPOLOGFNI@QIULFNODOKOL]WA
KOPQIPOCOQOSFKL_XAHAGIDANI@CPO 1A PQIBOQNOJ PANFLI HADOQISR@ RID
LOGFNIF! NAL]NA@LAMPA
3QIBOQNA@PANFL]IQAHLIXN\FRQFERS



   






CATPQACLFNI@PQIBOQNOJPANFLICKL_ QIR F0M0060m

XASR@CMFRSFRNAQTGN\MIUAQAMI
<(8C*C23F?-5C *23F?-50-<(8
)30.5-+69*-:(
4IULFNA@DAJKAPOCFQNTSANARIMCOLO


 

3OCFQNTS]QIULFNOFKOL]WONA 


+()(80:5C-6+50
2ENOCQFMFNNOR^SIMNAPQIBOQNOJ
3OCFQNTS]QIULFNT_DAJKTNA  PANFLIHADOQISR@RIDNAL]NA@LAMPA 
2ENOCQFMFNNOR^SIMNAPQIBOQNOMJ J 7-8-23F?-50-<(8




PANFLIHADOQISR@RIDNAL]NA@LAMPA  9)30.5-+69*-:(
5(,(3D5019*-:
.ODEAQIULFNOFKOL]WONAVOEISR@NA 


  





PFQFMFRSISFQ\XADPFQFKL_XASFL@KQT

 

L_CSOQOFCQFMFNNOFPOLOGFNIF
2ENOCQFMFNNOR^SIMNAPQIBOQNOJ
PANFLIHADOQISR@RIDNAL]NA@LAMPA 
)L@OSKL_XFNI@UAQDOLOCNODORCFSA
 


RNOCAPOS@NISFQ\XADKQTL_UAQ\RNO
CAPFQFKL_XASR@NABLIGNIJRCFS
   

58

;2(/(:-3076*686:(\T] .AGE\JQAHPQIPFQFMFZFNIIQ\XADA



NAPQIBOQNOJPANFLIHADOQAFSR@RID



 

3FQFMFRSISFPFQFKL_XASFL]CPORSO@N NAL]NA@LAMPACMFRSFRPO@CLFNIFMNA
NOFPOLOGFNIF EIRPLFFROOBZFNI@RMDLACT5CFSO
 'FQVNFFPOLOGFNIF
TKAHASFL] CA@ RIDNALIHAWI@ I RIDNAL\ EO SFV
PQACODOPOCOQOSA POQPOKAUTNKWI@NFBTEFSAKSICNA

 


5IDNAL]NA@LAMPAHAGIDAFSR@RQAHTGF
 1IGNFFPOLOGFNIF TKAHASFL] PQI PFQFMFZFNII Q\XADA I ORSAFSR@
LFCODOPOCOQOSA CKL_XFNNOJ EO ACSOMASIXFRKODO C\
2ENOCQFMFNNOR^SIMNAPQIBOQNOJ KL_XFNI@UTNKWII.AGEA@OPFQAWI@




   





PANFLINAXNFSMIDAS]RIDNAL]NA@LAMPA QIR F0M0061m TPQACLFNI@Q\XADOMTCFLIXICAFSCQF
 ILI M@DOQFNI@LAMP
<;52>0G% 6^VWhcQYTQ
7KAHASFLIOSKL_XA_SR@ACSOMASIXFRKI
PQIC\PQ@MLFNIIQTL@ ;SAUTNKWI@POHCOL@FSOBFRPFXIS]NA 3FQFMFRSISFPFQFKL_XASFL]CRSOQONT



 
OPQFEFLFNN\JPQOMFGTSOKCQFMFNIOR


*RLIC\VOSISFXSOB\TKAHASFL]MIDAL QTLFCODOKOLFRAITEFQGICAJSFC^SOM
CFZFNIFPQORSQANRSCAPFQFEACSOMOBI POLOGFNIIBOLFFECTVRFKTNE
KQASKOPOKAH\CA@PFQFRSQOFNIFCEQT LFM
DOJQ@EPFQFCFEISFQ\XADPFQFKL_XA
SFL@CCFQVILICNIHBFHZFLXKAUIKRA (V^TNTSLbTK


WIITRSANOCKICKAKOFLIBOPOLOGFNIF




CQFMFNNOFPOLOGFNIF3ORLFOSPTR 3QIPOCOQOSFKL_XAHAGIDANI@CPOLO
KANI@Q\XADCFQNFSR@CRCOFIRVOENOF GFNIF"# ILIPQIFDOTEALFNIIPF
POLOGFNIF QFMFRSISFLFC\JQ\XADKQTL_CSFXF
NIFECTVMINTSPORLFOSKL_XFNI@ECI

 






 
 
DASFL@
3QIKAGEOMECIGFNIIPFQFKL_XASFL@
ELISFL]NORS]CKL_XFNI@UAQTCFLIXIS
R@NA RFKTNEIMAKRIMTMEO
RF
KTNEHASFMUAQ\ACSOMASIXFRKIC\KL_

 

XASR@

   
57

64C*(50-9:-263 '%+12,AMFN@JSFZFSKIRSFKLOOXI




 RSISFLFJKAKTKAHANOCDLACF6FVNI
 

3QAC\JKOMBINIQOCANN\JPFQFKL_XASFL] XFRKOFOBRLTGICANIFACSOMOBIL@
\T] ORTZFRSCL@FSTPQACLFNIFRSFKLO
OXIRSISFL@MIOM\CASFLFM CFSQOCODO I
HAENFDORSFKL
 

-<=2F-2?>,5><;8I4;/-?I



9:-2366?09:0:-3064C*( >?278;;D5>?5?28518,@1-82
:-3D*-:86*6+69:-23( :5,8I1-585>:20->/2?=;
/;0;>?278-J?5B>8@D-,B
7RSQOJRSCOMOGFSUTNKWIONIQOCAS]SOL] =-.;?- >?278;;D5>?5?2826 ?=2.@2?



   






KOPQIPOLOGFNIIKL_XAHAGIDANI@! QIR F0M0062m


D=2492=:;0;@>585,7;?;=;2<=5/;
.OL]WFCA@DAJKAPFQFKL_XASFL@IMFFSXF
SXF 15?7/78KD2:5K4-F5?H1/50-?28,
S\QFPOLOGFNI@ 3QIPOLOGFNIIKOL]WFCOJDAJKIC 57-7>821>?/527?;=9;32:5K=-
RKOQORS]ECIGFNI@RSFKLOOXIRSISFLFJ .;?H>?278;;D5>?5?2826:-:2>7;8I
O 5SFKLOOXIRSISFLICFSQOCODORSFKLA ACSOMASIXFRKIPOERSQAICAFSR@POERKO 7;>27@:1>85=-.;?-:2/;>>?-:-/


 


OSKL_XFN\ QORS]ACSOMOBIL@ 85/-2?>,?-732<;>82<2=24-<@>7-


 3QFQ\CIRS\JQFGIM -/?;9;.58,<=5<;9;F578KD-4-
350-:5,;.=-?5?2>I7;A5C5-8I:;
 0FELFNNOFECIGFNIF 9@1582=@7;9<-:55




 &\RSQOFECIGFNIF
3QIPFQFMFZFNIIPFQFKL_XASFL@CPO
LOGFNIF CQFMFNNOFPOLOGFNIFQABO
SAODQANIXICAFSR@CQFMFNFMPQFB\CANI@


  





 

PFQFKL_XASFL@C^SOMPOLOGFNII3QI
OSPTRKANIIPFQFKL_XASFL@ONCOHCQAZA
FSR@CRCOFPFQCONAXAL]NOFPOLOGFNIF
ACSOMASIXFRKIORSANACLICA@RSFKLOOXIR
SISFLI
 
    

60

<_YVbTK3ZOTcQ]VZQ_[\LNWQYTQ ,(:?02,6.,G 6^VWhcQYTQ



ZXfNLYTQX OPQ[\QP_]XZ^\QY



 

-HMFNISFPOLOGFNIFQIULFNODOKOL]
2M\CASFL]CFSQOCODORSFKLATPQACL@FS )ASXIKEOGE@QARPOLOGFNHACNTSQFN WAPFQFKL_XASFL@R \T] ILIPO
R@PFQFMFZFNIFMQ\XADAPFQFKL_XASF NIMHFQKALOMHAENFDOCIEA)ASXIKRO CFQNISFKL_XHAGIDANI@CPOLOGFNIF
L@KQTL_CQFMFNNOFPOLOGFNIF PQIKARAFSR@ R CFSQOC\M RSFKLOM I "# 

 


PQFENAHNAXFNEL@ACSOMASIXFRKOJQFDT
3QITEFQGICANIIQ\XADAPFQFKL_XASF LIQOCKICOCQFM@PQFQ\CIRSOJQABOS\ 3QIPORLFET_ZFMHAPTRKFECIDASFL@
L@CSAKOMPOLOGFNIIBOLFFPOLRFKTN RSFKLOOXIRSISFLFJ:ARSOSAVOEARSFK KL_XHAGIDANI@CPOLOGFNII !
E\OENIMECIGFNIFMMOGNOOENOCQF LOOXIRSISFLFJCFSQOCODORSFKLAROOS EASXIKNFCKL_XAFSR@POCSOQNOEAGF
MFNNOTPQACL@S]UOQRTNKOJOM\CASF CFSRSCTFSINSFNRICNORSIEOGE@ FRLIQIULFNOFKOL]WOCRFFZFNAVO




   





L@IRSFKLOOXIRSISFL@MI EISR@CPOLOGFNII  \T] )L@
'%+121FOBVOEIMOROBL_EAS]XIR CKL_XFNI@EASXIKAEOGE@NFOBVOEIMO
5SFKLOOXIRSISFLIPFQFRSA_SQABOSAS] SOSTPOCFQVNORSIRSFKLACHONFTRSA PFQFMFRSIS]QIULFNOFKOL]WOIHPOLO
PORLFSQFVVOEOCRMOMFNSAOSPTRKANI@ NOCKIEASXIKA GFNI@ CEQTDOFPOLOGFNIFAHASFM
PFQFKL_XASFL@ RNOCACPOLOGFNIF
/L[_]V



 

3ORLFET_ZIJVOEC\POLN@FM\JXFQFH 'KL_XFNIFEASXIKAEOGE@OBOHNAXIS
RFKTNEHACFQYAFSQABOSTRSFKLOOXI 3FQFMFRSISFQIULFNOFKOL]WOPQACO R@POKQAJNFJMFQFOENIMVOEOMRSFK
RSISFLFJ DO PFQFKL_XASFL@ C POLOGFNIFC  LOOXIRSISFLFJEAGFPQIRTVOMCFSQO
\T]  COMRSFKLF





,APTRK EASXIKA EOGE@ OBOHNAXISR@ )ASXIKEOGE@MOGFSQARPOHNACAS]I


KONSQOL]N\MVOEOM ACSOMASIXFRKI QFDTLIQOCAS] NALIXIF
3ORQFERSCOMMFN_NARSQOJKIMOGNOTCF RLFET_ZIVOROBFNN\VTRLOCIJ
LIXIS]XTCRSCISFL]NORS]EASXIKAEOGE@

 






 
 
 ,ADQ@HNFNIFNAKONSQOLIQTFMOJPO
7CFLIXFNIF XTCRSCISFL]NORSI EASXIKA CFQVNORSIROL]DQ@H]ISE
EOGE@OBOHNAXAFSR@KONSQOL]N\MVOEOM  4AHLIXIFMFGETENFCN\MINOXN\M
3QITPQACLFNIIQABOSOJOM\CASFL@CF CQFMFNFM
SQOCODORSFKLAPORQFERSCOMAKSICIQO

 

'%+123OESFKICOE\MODTSC\HCAS]
CANNODOEASXIKAEOGE@ORTZFRSCL@FS NFNTGNOFECIGFNIFZFSOKRSFKLOOXI
R@ NOQMAL]N\J WIKL M\S]@ RSFKOL C RSISFLFJ
KONWFKOSOQODOEASXIKEOGE@CORRSA
NACLICAFSRCO_NOQMAL]NT_UTNKWI_C

   
ACSOMASIXFRKOMQFGIMF


2XIZFNIFHAENFDORSFKLABTEFSPQO




 EOLGISFL]N\MPQICKL_XFNN\VRSFKLO
 

OXIRSISFL@VCFSQOCODORSFKLAICKL_
XFNN\MOBQASN\MVOEOM
2M\CASFL]HAENFDORSFKLACKL_XAFSR@PF
 



QFMFZFNIFMQ\XADAPFQFKL_XASFL@KPQI
BOQNOJPANFLICQFMFNNOFPOLOGFNIF
3QITEFQGICANIIQ\XADAPFQFKL_XASF
L@CEANNOMPOLOGFNIIBOLFFPOLRF



   






QIR  F0M0218m
KTNE\RSFKLOOXIRSISFL]HAENFDORSFK QIR  F0M0063m

LASAKGFCKL_XAFSR@
|lh{k‘pev‘pz|| jv‘j
64C*(:-3D9:-2366?09: 64C*(:-3D
64C*(:-3D
‘pe~kisp€|v‘pzk 2SPTRKANIF Q\XADA PFQFKL_XASFL@
0:-3D/(,5-+69:-23( CKL_XAFSUTNKWI_INSFLLFKSTAL]NODO 7-8-,50=<(8
\T]  OPQ[\QP_]XZ^\QY\T] 


 

M\S]@KAKOPIRANOCDLACFEL@RSFKLO


7RSQOJRSCO MOGFS UTNKWIONIQOCAS] OXIRSISFLFJCFSQOCODORSFKLA 2M\CASFLIPFQFENIVUAQ@CL@_SR@C\


SOL]KOPQIPOLOGFNIIKL_XAHAGIDA ECIGN\MISOFRS]ONIQARPOLADA_SR@
NI@! CNTSQIPFQFENFDOBAMPFQAIAKSICIQT
_SR@SOL]KOSODEAKODEAPQICKL_XFN




4ABOSAORSANOCISR@PQIOSPTRKANIIPF NOMBLIGNFMRCFSFUAQCKL_XFNOM\
QFKL_XASFL@ -<=2F-2?>,5><;8I4;/-?I
>?278;;D5>?5?28I18,@1-82 CASFL]CFSQOCODORSFKLA
3QIPOCOQOSFQIULFNODOKOL]WAIHPO :5,8I1-585>:20->4-1:20; '%+12 3FQIOEIXFRKI PQOCFQ@JSF
LOGFNI@ C  ORTZFRSCL@FSR@UTNK >?278-J?5B>8@D-,B=-.;


  



PQACIL]NORS]QABOS\IXIRSOSTUOQRT



 

WIONIQOCANIFRSFKLOOXIRSISFL@HAENF ?- >?278;;D5>?5?28, ?=2.@2? D=24 NOK


DORSFKLACRLFET_ZIVQFGIMAV 92=:;0;@>585,7;?;=;2<=5/;15?7
/78KD2:5K4-F5?H1/50-?28,57-7
 3QFQ\CIRS\J QFGIM PQI OSKL_ >821>?/52 7 ?;=9;32:5K =-.;?H
XFNN\VRSFKLOOXIRSISFL@VCFSQOCO >?278;;D5>?5?28, :- :2>7;8I7; >2
DORSFKLA
 


7@:1>85=-.;?-:2/;>>?-:-/85/-
 5INVQONN\JQFGIMRORSFKLOOXIR 2?>,;.=-?5?2>I7;A5C5-8I:;9@15
SISFL@MICFSQOCODORSFKLANORXA 82=@7;9<-:55
RSOSOJPOLOCIN\VOEA
   

 3QOEOLGISFL]N\JQFGIMROBQAS
N\MVOEOMICKL_XFNN\MIRSFKLO
OXIRSISFL@MICFSQOCODORSFKLA

62

28;0/265:863D *23F?-50-780)68(






 

\QO_WK^Z\[Z]^ZKYYZU 3OCFQNISFQTKO@SKT\T]  CPOLO


]VZ\Z]^T GFNIF
OPQ[\QP_]XZ^\QY .QTIHKONSQOL]NFMOGFSB\S]CKL_XFN
;SOPQIBOQKOSOQ\JPOMODAFSCOEISF PQIPFQCOJPFQFEAXFILIPFQFEAXFOB

 


L_PORQFERSCOM^LFKSQONNODOKONSQO QASNODOVOEA4FKOMFNETFSR@CKL_XAS]
L@ CFRSI ACSOMOBIL] RO RKOQORS]_ PQIBOQNA OJILIBOLFFC\ROKOJPFQF
BOLFF KMXPOELINN\MIPQ@M\M EAXAV
SQARRAMNAPQIMFQNAACSOSQARRAVPQI




   

3QIECIGFNIIRDOQ\RCKL_XFNN\M





GFLAFMOJRKOQORSIBFHNAGASI@PFEA QIR  F0M0064m
PQIBOQOMRKOQORS]ACSOMOBIL@MOGFS
LIDAHA3O^SOMTNFQFKOMFNETFSR@PQI TCFLIXIS]R@RCFQVCFLIXIN\HADQTGFN
MFN@S] ^SOS PQIBOQ NA ACSOBANAV R NOJCPAM@S] ,3G/(76405(50G
RIL]N\M ECIGFNIFM 1F PQIMFN@JSF 926869:0
FDOINADOQOERKIVTLIWAV 3QI CKL_XFNII PQIBOQA RIDNAL]NA@



 
'\POLNIS]RLFET_ZFF


LAMPA  CKL_XAFSR@CMFRSFRROOSCFS
RSCT_ZIMROOBZFNIFMOSOBQAGAF  3OCFQNTS]QTKO@SKT\T]  CPO
M\MNAPQIBOQNOJPANFLIDEFPQFET LOGFNIF INAGAS]PFEAL]DAHA
RMOSQFNA EL@OBFRPFXFNI@NFOBVOEIMOJRKO


QORSI




 3FQFMFRSIS]Q\XADPFQFKL_XASFL@
CCFQVTEFQGAS]FDOC^SOMPO
LOGFNIIPOKQAJNFJMFQFOENTRF

 






 
 
KTNETAHASFMOSPTRSIS]5KOQORS]
ACSOMOBIL@HANFRFSR@CPAM@S]I
PO^SOMTMOGNOOSPTRSIS]PFEAL]
DAHA
'RLTXAFNFOBVOEIMORSIPQIOBDONF

 

NAPQIMFQMOGNOTCFLIXIS]RKOQORS]
NAGASIFMPFEALIDAHAPQIOSPTRKANII
PFEALIDAHAACSOMOBIL]CFQNFSR@KRKO
QORSIQANFFHALOGFNNOJCPAM@S]

   

9)869/(36.-5561 ;4-5D@-50-/(36.-5561  1AGMISFPFEAL]DAHAC^SOMRLTXAF




 *7(4G:D926869:0 *7(4G:D926869:0 RIRSFMANFOSKL_XISR@NARAMOMEF
 

LFNOHAPQORNATCFLIXFNIFRKOQO
*RLITRSQOJRSCOB\LOOSKL_XFNONA ,ALOGFNNT_CPAM@S]RKOQORS]MOGNO RSIRSANFSPQIOQISFSN\MEL@RIR
PQIMFQNAGASIFMSOQMOHAILIPFEALI TMFN]YIS]ECTM@RPOROBAMI SFM\ 3QI ^SOM CKL_XAFSR@ KQTH
RWFPLFNI@RKOQORS]HALOGFNNA@CPA KONSQOL]INFSNFOBVOEIMORSINA
 2SKL_XISFPQIBOQAHASFMHANFRI
 



M@S]MOGFSB\S]PFQFTRSANOCLFNARLF GIMAS]KNOPKT!"\T]  EL@


ET_ZIMOBQAHOM SFNOCT_RKOQORS]CPAM@S]
CORRSANOCLFNI@PQFE\ETZIVTRLO
 7CFLIXICAJSFRKOQORS]PORSFPFNNO ILI CIJPORLFOKONXANI@TRKOQFNI@
EOSFVPOQPOKANFEORSIDNFSFRKO  3FQFMFZAJSFQ\XADPFQFKL_XASFL@



   


3QIBOQACSOMASIXFRKIOSKL_XAFSR@C





QORSIPQIBLIGA_ZT_R@POHNAXF CNIHEOSFVPOQPOKANFOBFR OENOMIHRLFET_ZIVRLTXAFC


NI_KSOJXSOB\LAHANFRFNACPA PFXISFNOCT_RKOQORS]KOSOQA@AC
M@S] SOMASIXFRKIBTEFSHANFRFNACPA  'KL_XFNIFRIRSFM\" ILI" 
 'KL_XISFPFQFEAXTKOSOQA@B\LA M@S]  3QIRKOQORSIACSOMOBIL@NIGFQA


 

C\BQANANAMOMFNSHANFRFNI@RKO .AGEOFPFQFMFZFNIFQ\XADAPFQFKL_ NFFTRSANOCLFNNODOPQFEFLA




QORSICPAM@S] XASFL@ROOSCFSRSCTFSNFBOL]YOMTRNI  1FIRPQACNORS]RIRSFM\


 1AGMISF KNOPKT !" \T]  GFNI_RKOQORSIOKOLO
KMX'SOGF
CQFM@TEFQGANIFQ\XADAPFQFKL_XASF
;*-30?-50-/(36.-5561 L@CNIGNFMPOLOGFNIIROOSCFSRSCTFS




*7(4G:D926869:0 NFPQFQ\CNOMTRNIGFNI_RKOQORSI $!#$!


,ALOGFNNT_CPAM@S]RKOQORS]MOGNO 6:23F?-50-780)68( &=51/532:55>/78KD2:
TCFLIXIS]ECTM@RPOROBAMI :H9<=5.;=;94-<=2F-2?
3QIBOQMOGFSOSKL_XAS]R@RLFET_ZI >,@>?-:-/85/-?I=HD-0<2=21-D5


  





 

 1AGMISFPFEAL]DAHAAHASFMHANF MIRPOROBAMI :-:26?=-8I


RISFNOCT_RKOQORS]CPAM@S]
 3OCFQNISFQTKO@SKT CPOLOGFNIF
ILI 
 3FQFMFRSISFQ\XADPFQFKL_XASFL@  '\KL_XISFECIDASFL] $!#$!
 


CCFQV >8@D-2:25><=-/:;>?5585
 1AGMISFPFEAL]SOQMOHA ;?7-4-<=5.;=-<;/2=:5?2
.AGEOFPFQFMFZFNIFQ\XADAPFQFKL_ =@7;,?7@/<;8;32:525;.
XASFL@ROOSCFSRSCTFSNFBOL]YOMTTCF  1AGMISFPFEAL]RWFPLFNI@
=-?5?2>I7;A5C5-8I:;9@1582=@
LIXFNI_RKOQORSIOKOLO
KMX'SO 7;9<-:55
   

GFCQFM@TEFQGANIFQ\XADAPFQFKL_
XASFL@CCFQVNFMPOLOGFNIIROOSCFS
RSCTFSNFPQFQ\CNOMTTCFLIXFNI_RKO
QORSI
64

76:636?56- '%+123FQFESFMKAKPOKINTS]AC



SOMOBIL]TBFEISFR]CSOMXSOPFQF



 

69*-A-50-
KL_XASFL]NAVOEISR@CWFNSQAL]NOMPO
7-8-,50-76:636?5C- LOGFNIILAMP\C\KL_XFN\IECFQIHA
9*-:03D5020 KQ\S\COIHBFGANIFQAHQ@EKIAKKTMT
976,*0.5C409:-23(40 L@SOQNOJBASAQFI

 


2RCFZFNIF CKL_XAFSR@C\KL_XAFSR@ 'L_BOMRLTXAFFRLIPONFORSOQOGNO
NAGASIFMNAPOECIGN\FRSFKLARLFCOJ RSIPFQFKL_XASFL]ORSALR@CPOLOGF
ILIPQACOJRSOQON\KAKPOKAHANONA NII"LAMP\PODARNTSACSOMASIXFR
\T]  KIXFQFH
MINTSPORLFOSKL_XFNI@




   





QIR  F0M0067m

7-8-,50176:636?5C1 ECIDASFL@
9*-:03D502
9:6?-?5C403(47(40
3FQFKL_XASFL]\T]  CKL_XAFSOS



 

KL_XAFS^SILAMP\
3QIWFNSQAL]NOMPOLOGFNIIPFQFKL_
XASFL@\T]  LAMP\ I CKL_
XA_SR@C\KL_XA_SR@ PQI OSKQ\CA





NIIHAKQ\CANIIPFQFENIVECFQFJ
3QINAGASIIPFQFKL_XASFL@\T]  QIR  F0M0065m
RLFCOJRSOQON\LAMP\ I CRFDEA

 






 
 
ORSA_SR@C\KL_XFNN\MI
3FQFKL_XASFL]\T]  C\POLN@FS
3QINAGASIIPFQFKL_XASFL@\T]  UTNKWI_SOXFXNODOORCFZFNI@PQIOS
RPQACOJRSOQON\LAMP\I CRFDEA KL_XFNNOMORCFZFNIIPFQFKL_XASFL]
ORSA_SR@CKL_XFNN\MI CKL_XAFS
2RCFZFNIF CKL_XAFSR@C\KL_XAFSR@

 

 LAMPT  PQINAGASIIPFQFKL_XASF
PORSFPFNNO L@RLFCOJRSOQON\
 LAMPT PQINAGASIIPFQFKL_XASF
L@RPQACOJRSOQON\

   
63

;]^LYZNVLN\QXQYTNVWhcQYTK ;9:(56*2(*8-4-50




 [Z^ZWZcYZOZZ]NQdQYTK *23F?-50G69*-A-50G
 

780*C=6,-0/(*:646)03G
'OPQFEFLFNN\VMOEFL@VEL@OBLFDXF
NI@PQONIKNOCFNI@IPOKIEANI@ACSO 3ORLFC\NIMANI@KL_XAIHHAMKAHAGI
MOBIL@CNOXNOFCQFM@ILIPQIPLOVOM DANI@POSOLOXN\FRCFSIL]NIKICKL_XA
 



ORCFZFNIIOBFRPFXICA_SR@ECAQAHLIX _SR@RLFET_ZIMOBQAHOM
N\VQFGIMACKL_XFNI@ORCFZFNI@RTR
SANOCLFNIFMCQFMFNI  CSFXFNIF MINTSRMOMFNSAOSKL_
XFNI@ECIDASFL@BOLFF
RFKTNE
;9:(56*2(*8-4-50



   


 PQIOSKQ\CANIIOENOJIHBOKOC\V





*23F?-50G69*-A-50G QIR F0M0067m

780769(,2- ECFQFJBOLFF MINTS


*(*:646)03D  PQIHAKQ\CANIIOENOJIHECFQFJNA /(,50176:636?5C1
5CFSIL]NIKICKL_XA_SR@RLFET_ZIM
RFKTNE 9*-:03D502
976,*0.5C49:-2364


 

OBQAHOM 'QFM@CKL_XFNI@ORCFZFNI@HAKONXISR@


OPQ[\QP_]XZ^\QY
 NA
RFKTNEPQIOSKQ\CANIIPFQFE ACSOMASIXFRKIPQIHAKQ\CANIIECFQFJ
NIVECFQFJ 5CFSIL]NIK CKL_XAFSR@C\KL_XAFSR@
NAGASIFMNAPOECIGNOFRSFKLORLFCOJ
 PQIBLIHISFL]NONA MINTS\PQIOS ILIPQACOJRSOQON\KAKPOKAHANONA




KQ\CANIIOENOJIHBOKOC\VECFQFJ \T] 
 PQIBLIHISFL]NONA
RFKTNEPQIHA
KQ\CANIIECFQFJ


  





 

'QFM@CKL_XFNI@ORCFZFNI@HAKONXIS
R@PQIPOCOQOSFKL_XAHAGIDANI@CPO
LOGFNIF!
 
    

66






 

 





   





QIR
F0M0068m QIR F0M0176m QIR F0M0173m

69*-A-50-)(+(.56+6 69*-A-50- /(:-45-55C-


6:,-3-50G 7869:8(59:*(7-8-, 9*-:03D5020
OPQ[\QP_]XZ^\QYZ\T]
769(,261*C9(,261 OPQ[\QP_]XZ^\QYf\T]



 

OPQ[\QP_]XZ^\QYZ\T]
)L@MOEFLFJORNAZFNN\VORCFZFNI 'NFKOSOQ\VMOEFL@VRHAEIPARRAGIQ
FMBADAGNODOOSEFLFNI@LAMPACKL_XA ;SILAMP\ QARPOLOGFN\CECFQ@VI RKODOROLNWFHAZISNODOKOH\Q]KATRSA
FSR@ACSOMASIXFRKIPQIOSKQ\CANIIBA CKL_XA_SR@PQIOSKQ\CANIIROOSCFSRS NOCLFNHASFMNFNN\JRCFSIL]NIK)L@
DAGNIKAIC\KL_XAFSR@PQIFDOHAKQ\ CT_ZFJECFQICNFHACIRIMORSIOSPO FDO CKL_XFNI@C\KL_XFNI@ NAGMISF





CANII LOGFNI@KL_XAHAGIDANI@ KNOPKT\T] 

 






 
 
 

   

98-,9:*(;78(*3-50G





 

<65(80(*(801561
69:(56*20
\T]
 

2NICKL_XA_SR@NAGASIFMPFQFKL_XA



SFL@ CNFHACIRIMORSIOSPOLOGFNI@
KL_XAHAGIDANI@
.ODEAPQIBOQCKL_XFNPFQFKL_XASFL]



   






NAXINAFSMIDAS]INAPQIBOQNOJPANFLI QIR F0M0069m QIR F0M0070m

HADOQA_SR@RIDNAL]N\FLAMP\  I 
5NOCANAGMISFPFQFKL_XASFL]EL@C\ ¬ÍÅÉÂÊÂÊÅ ÑËʽÍÂÆ ½¿½ÍÅÆÊËÆ ËÎ
3QIMFNFNIFUONAQFJACAQIJNOJORSA 7-8-,50-
KL_XFNI@LAMP ϽÊË¿ÇÅ ˾ÐÎȽ¿ÈÅ¿½ÂÏÎÜ ¬Í½¿ÅȽÉÅ
NOCKIOBTRLACLICAFSR@)OQOGN\MKO 786:0*6:;4(55C-<(8C
ÁËÍËÃÊËÀËÁ¿ÅÃÂÊÅÜÎÏͽÊØ ¿ÇËÏË
EFKROMRSQAN\CKOSOQOJC\NAVOEI OPQ[\QP_]XZ^\QYf\T]


 


ÍËÉ ¿Ø ʽÒËÁÅÏÂÎÙ ®ÈÂÆÁÐÆÏ ÚÏÅÉ


SFR]5LFETJSF^SIMPQACILAM
Ìͽ¿ÅȽÉ )L@CKL_XFNI@UAQPQICKL_XFNN\VDA
BAQISN\V ODN@V NAGMISF KNOPKT 
1APQIBOQNOJPANFLIHADOQAFSR@RID




NAL]NA@LAMPA 
5NOCANAGMISFKNOPKTEL@C\KL_XFNI@
UAQ


  





3QIMFNFNIFPFQFENIVPQOSICOSTMAN
¬ÍÅÉÂÊÂÊÅ ÌÂÍÂÁÊÅÒ ÌÍËÏÅ¿ËÏÐɽÊ

 

ÊØÒ ѽÍ ˾ÐÎȽ¿ÈÅ¿½ÂÏÎÜ ¬Í½¿ÅȽÉÅ


N\VUAQOBTRLACLICAFSR@)OQOGN\M
ÁËÍËÃÊËÀËÁ¿ÅÃÂÊÅÜÎÏͽÊØ ¿ÇËÏË
KOEFKROMRSQAN\CKOSOQOJC\NAVOEI
ÍËÉ ¿Ø ʽÒËÁÅÏÂÎÙ ®ÈÂÆÁÐÆÏ ÚÏÅÉ
SFR]5LFETJSF^SIMPQACILAM
Ìͽ¿ÅȽÉ
 
    

68






 

 





   





QIR F0M0071m QIR F0M0073m QIR F0M0036m

/(,50-786:0*6 909:-4(8;3-*6+6 6)6+8-*/(,5-+69:-23(


:;4(55C-<(8C\T] ;78(*3-50G9 \T]
E3-2:80?-9204



 
1AGMISFKNOPKT EL@CKL_XFNI@^SIV 1AGMISFKNOPKT EL@CKL_XFNI@EAN


UAQ1FOBVOEIMOCKL_XIS]PFQFENIFUAQ\ ;9030:-3-4,*6156+6
780*6,(\T] NOJUTNKWII;SAUTNKWI@ACSOMASIXF
CQFGIMFBLIGNFDORCFSAILIPFQFENIFPQO
¿ÍÂÃÅɾÈÅÃÊÂÀËοÂϽÅÈÅÌÂÍÂÁÊÅÂÌÍË RKIC\KL_XAFSR@PQIBLIHISFL]NOXFQFH
SICOSTMANN\FUAQ\DEFPQFETRMOSQFN\
ÏÅ¿ËÏÐɽÊÊØÂѽÍØ ÀÁÂÌÍÂÁÐÎÉËÏÍÂÊØ
 1AGMISF KNOPKT  EL@ CKL_XFNI@ MINTS
1APQIBOQNOJPANFLIHADOQISR@RIDNAL]NA@ UTNKWII#' RM3AQADQAU4TLFCOF





LAMA
ȽÉ̽ TPQACLFNIFR^LFKSQIXFRKIMTRILISFLFM
5NOCANAGMISFKNOPKTEL@C\KL_XFNI@UAQ ECOJNODOÁÂÆÎÏ¿ÅÜ
PQICOEA 3QI CKL_XFNII
ILIC\KL_XISFUAQ\BLIGNFDORCFSAIILI EANNOJUTNKWIINAPQIBOQNOJPANFLI
PFQFENIFPQOSICOSTMANN\FUAQ\DEFPQF HADOQAFSR@ RIDNAL]NA@ LAMPA #'

 






 
 
ETRMOSQFN\ 5NOCANAGMISFKNOPKTEL@C\KL_XFNI@
¬ÍÅÉÂÊÂÊÅ ĽÁÊÅÒ ÌÍËÏÅ¿ËÏÐɽÊÊØÒ UTNKWII
3QIMFNFNIFHAENIVPQOSICOSTMANN\VUAQ
ѽÍ˾ÐÎȽ¿ÈÅ¿½ÂÏÎܬͽ¿ÅȽÉÅÁËÍËÃ
OBTRLACLICAFSR@)OQOGN\MKOEFKROMRSQA
ÊËÀËÁ¿ÅÃÂÊÅÜÎÏͽÊØ ¿ÇËÏËÍËÆ¿Øʽ
N\CKOSOQOJC\NAVOEISFR]5LFETJSF^SIM
ÒËÁÅÏÂÎÙ®ÈÂÁÐÆÏÂÚÏÅÉÌͽ¿ÅȽÉ
PQACILAM

 

+()(80:5C-<(8C
;SIUAQ\MODTSCKL_XAS]R@SOL]KOPQIPO
COQOSF KL_XA HAGIDANI@ C POLOGFNIF
"# ILIPQITEALFNIIKL_XAASAKGFPF

   
QFMFZFNIFMQIULFNODOKOL]WALFCODOPF
QFKL_XASFL@RNAXALACPOLOGFNIFAHA
SFMCPOLOGFNIF ILI
2ENOCQFMFNNOR^SIMNAPQIBOQNOJPANFLI
HADOQAFSR@RIDNAL]NA@LAMPA  
7-8-23F?(:-3D 8LSMWZVT\ZNVLPNQ\QU




 N]W_cLQLNL\TT
 

6:9-?20:6730*(
%CSOMOBIL]ORNAZFNPQFEOVQANISFL] 'RLTXAFACAQIIKOSOQA@C\H\CAFSRQA
N\MPFQFKL_XASFLFMKOSOQ\JCRLTXAF BAS\CANIFPFQFKL_XASFL@OSRFXKISOP
RSOLKNOCFNI@RQABAS\CAFSIPFQFKQ\ LICAECFQIACSOMASIXFRKIQAHBLOKIQT
 



CAFSPOEAXTSOPLICAIKAKRLFERSCIF _SR@EL@OBFRPFXFNI@EORSTPACACSO
OSKL_XAFSECIDASFL] MOBIL]'SOGFCQFM@CPARRAGIQRKOM
RALONFHADOQA_SR@RCFSIL]NIKI2ENA
6AKIMOBQAHOMEANNOFTRSQOJRSCOPQF KOCRFDEAFRS]COHMOGNORS]OSKQ\S]



   


EOSCQAZAFSPQOSFXKISOPLICAIHHAPO ECFQIIHPARRAGIQRKODORALONAPQIPO





QIR F0M0013m
CQFGEFNI@SOPLICNODOSQTBOPQOCOEA MOZICNTSQFNNIVECFQN\VQTKO@SOK
,*-8561/(462\T] '%+12 3ORLF RSOLKNOCFNI@ NF HA *RLIPORLFACAQIINFOBNAQTGISR@NI
BTE]SFTEALIS]KL_XIHHAMKAHAGIDA KAKIVPQOSFXFKIACSOMOBIL]MOGFS
)L@OENOCQFMFNNOJBLOKIQOCKICRFV NI@EL@PQFEOSCQAZFNI@QAHQ@EKIAK RNOCAPQOEOLGAS]ECIGFNIFPOCSOQNO


 

ECFQFJNAGMISFKNOPKTQARPOLOGFN


KTMTL@SOQNOJBASAQFI TRSANOCISFPFQFKL_XASFL]OSRFXKISOP
NT_NAPANFLITPQACLFNI@WFNSQAL]NOJ LICAKAKTKAHANOCRLFET_ZFMPAQADQAUF
KONROLICNFHACIRIMORSIOSPOLOGFNI@ 5QABAS\CANIFPFQFKL_XASFL@OSRFXKI
KL_XAHAGIDANI@ SOPLICAOBOHNAXAFSR@PO@CLFNIFMNA
WIUQOCOMEIRPLFFROOBZFNI@#"




$!#$!
1AMNODOUTNKWIONAL]NOMEIRPLFFOSO >85 C2:?=-8I:-, .8;75
BQAGAFSR@ROOBZFNIF3FQFKL_XASFL] =;/7-1/2=26.H8--7?5/5
OSRFXKISOPLICACKL_XFN5M4TKOCOE 45=;/-:-54:@?=59-E5:H-<;>82
RSCO


  





 

-/-=55<2=278KD-?28I;?>2D75?;<
85/-:29;32?-7?5/545=;/-?I-/
?;9-?5D2>7@K 12.8;75=;/7@ 1/2
=26<;<->?I/-/?;9;.58I.@12?:2
$!#$! /;49;3:;8K.;9>8@D-2;?7=H
>85<;>82-/-=55/H<; /-:521/2=26>:-=@354-/5>5?;?
 


D@/>?/@2?24-<-B?;<85/- >;>?;,:5,1/2=26<;>82-/-=552>
585;.:-=@3585@?2D7@?;<85/-54 85 1/2=I >58I:; <;/=2312:- ;?
>5>?29H <5?-:5, 1/50-?28, :2 7=H?I22.@12?:2/;49;3:;J?;9
/78KD-6?2<2=278KD-?28I<;/?;= >8@D-2<;<H?-6?2>I;?7=H?I;1:@
   

:;D?;.H<=21;?/=-?5?I=5>7/;> 541=@05B1/2=26
<8-92:2:5,

70

6)68;,6*(50-






 

9(365(
*-A-*61GA02
\T]


 
)L@OSKQ\CANI@CFZFCODO@ZIKAIR



POL]HTJSFQTKO@SKT\T]

'NTSQICFZFCODO@ZIKAFRS]OSEFLFNIF
8T] EL@VQANFNI@EOKTMFNSOC




   





QIR F0M0174m QIR
F0M0104m
7-8?(:6?5C1GA02
7Q\Q_]^LYZNVL[Q\QVWhcL^QWK 3FQXASOXN\J@ZIK8T] QARPOLO
Z^]QcVT^Z[WTNL GFNNAPQIBOQNOJPANFLIRLFCAOSQTL@



 

$!#$!
&2=21<2=2@>?-:;/7;6<2
=278KD-?28,;?>2D75?;<





85/-?F-?28I:;;>9;?=5?2-/?;9;
.58I 18, ;.:-=@32:5, <=;?2D27
?;<85/-
QIR F0M0077m

 






 
 
)L@PFQFTRSANOCKIPFQFKL_XASFL@OSRFX
KISOPLICANAGMISFKNOPKT\T] 

 

   
QIR F0M0078m







 

 





   






QIR F0M0079m QIR F0M0081m QIR F0M0245m

7-8-,50176,3626:502
9*-A-*C4GA0264
OPQ[\QP_]XZ^\QY


 


2PQFEFLFNN\FMOEFLIORNAZFN\POE
LOKOSNIKOM\T] MFGETPFQFENI
MIRIEFNI@MI




)L@FDOIRPOL]HOCANI@NAGMISFNAPOE
LOKOSNIKCNIHKAKPOKAHANONA\T]
QIR F0M0080m QIR F0M0225m 1AGMISFKNOPKT\T]XSOB\POE
N@S]KQ\YKTPOELOKOSNIKAEL@IRPOL]


  





 

HOCANI@OSEFLFNI@'ORPOL]HTJSFR]
'FZFCOJ@ZIK\T] QARPOLOGFN ,*-85C-2(84(5C\T] Q\XADOM EL@NAKLONAPOELOKOSNIKA
CRFQFEINFPQIBOQNOJPANFLI CNIHOSNORISFL]NONOQMAL]NODOQABO
.AQMAN\EL@EOKTMFNSOCKAQSQARPOLO
'FZFCOJ@ZIK MOGFSB\S]TEALFN GFN\CECFQN\VPANFL@V XFDOPOLOGFNI@
EL@TRSANOCKIRSFQFORIRSFM\CRLTXAF
 


NFOBVOEIMORSI
*-A-*61GA02
*>-5:8(3D5617(5-30
   

;SOS @ZIK \T]  QARPOLOGFN C


WFNSQAL]NOJPANFLIPFQFEORSANOCOX
N\MSOQMOHOM

72






 

 





   





QIR F0M0082m QIR
F0M0083m QIR F0M0084m

,-8.(:-3D,3G 7802;80*(:-3D\T]
4(+50:5C=2(8:6?-2
0)03-:6*673(:C 3QIKTQICASFL]QARPOLOGFNCWFNSQAL]



 
NOJPANFLICPFQFEIRSO@NOXNODOSOQ


(*:69:8(,C
OPQ[\QP_]XZ^\QYZ\T]
MOHA

1AWFNSQAL]NOMSTNNFLFQARPOLOGFN\ 1AGMISFKNOPKT EL@CKL_XFNI@PQI


ZFLFCIEN\FTDLTBLFNI@EL@VQANFNI@ KTQICASFL@PQIPOCOQOSFKL_XAHAGI


DANI@CPOLOGFNIF!




MADNISN\VKAQSOXFKSFLFUONN\VISP
ILIBILFSOCOPLAS\HAPQOFHEPOACSO 3QIBLIHISFL]NOPORLF
RFKTNEKNOP
QIR F0M0118m RSQAEF KACOHCQAZAFSR@CRCOFPFQCONAXAL]NOF
POLOGFNIFIRSANOCISR@DOSOCAKPQI

 






 
 
MFNFNI_
,-8.(:-3D9:(2(56*J
|iv‘kzkssjzj
,-8.(:-3D:(8C\T] '%+12'RFDEAPQOCFQ@JSFOSKL_XF
NIFPQIKTQICASFL@
'WFNSQAL]NOJPANFLIQAHMFZA_SR@OS
EFLFNI@ECFRPFQFEIRSO@NOXNODOSOQ

 

MOHAIOEINHANIMEL@VQANFNI@RSA $!#$!
KANOCXAYFKILIBANOK &=57@=5/-?28I>?-:;/5?>,
;D2:I0;=,D59%.=-F-6
?2>I>:59;D2:I;>?;=;3:;5@.2

   
15?2>I/?;9D?;<=57@=5/-?28I:2
5><;8I4@2?>,12?I95544-;<->:;
>?5 /;4:57:;/2:5, <;3-=- 5585
;3;0;/






 

 





   






QIR F0M0085m QIR F0M0086m QIR F0M0117m

9635>-/(A05C-26/C8D
20\T]


 

5OLNWFHAZISN\FKOH\Q]KIQARPOLADA


_SR@POBOKAMCNTSQFNNFDOHFQKALAHAE
NFDOCIEA2NIMODTSPOCOQAXICAS]R@
CRSOQON\CCFQVICNIH




,ASFMNFNNOFHFQKALOMOGFSTRSANACLI
CAS]R@NAHAEN__XARS]ROLNWFHAZIS
N\VKOH\Q]KOC
QIR F0M0116m QIR F0M0249m
'NFKOSOQ\VMOEFL@VEL@IRPOL]HOCA


  





 

NI@HFQKALADEFPQFETRMOSQFNONFOB
7-7-3D50>(\T]  VOEIMOOSKQ\S]C\ECIGNT_KQ\YKT E3-2:80?-92(G86/-:2(
OPQ[\QP_]XZ^\QYL
3FPFL]NIWA@CL@FSR@R[FMN\MPLARSI 2(84(5,3G2(8:
KOC\M KONSFJNFQOM KOSOQ\J MOGFS OPQ[\QP_]XZ^\QY 2NAQARPOLOGFNACBADAGNIKFRLFCOJ
TRSANACLICAS]R@COSEFLFNI@VCWFNS RSOQON\PLARSMARROCOJOPOQ\BADAG
 


QAL]NOJPANFLI 'NFKOSOQ\VMOEFL@VKAQMANEL@KAQS NOJPOLKI\T]


QARPOLADAFSR@POHAEIRPINOKRIEFNIJ
'%+121FIRPOL]HTJSFPFPFL]NIWTC \T] )L@IRPOL]HOCANI@QOHFSKIOSKQOJSF
KAXFRSCFKOQHIN\EL@BTMADONAMOGFS KQ\YKT
HADOQFS]R@OSRIDAQFSN\VOKTQKOC
   

74

3F2*28C@-



B



 

OPQ[\QP_]XZ^\QY
/_KRORSOISIHECTVYIQOKIVPANFLFJ
HAUIKRIQOCANNOJIPOECIGNOJORNA
ZFNN\VROLNWFHAZISN\MIYSOQKAMIR

 
A



QTXN\MTPQACLFNIFM5OLNWFHAZISN\F
YSOQKIMODTSIRPOL]HOCAS]R@CPOLO
GFNI@VPOLNORS]_OSKQ\S\FIPOL
NORS]_HAKQ\S\FUIKRIQOCANN\FPQO




   





MFGTSOXN\FPOLOGFNI@NFPQFETRMOS QIR F0M0087m QIR F0M0172m

QFN\)L@OSKQ\CANI@ROLNWFHAZIS
N\V YSOQOK IRPOL]HTJSF QTKO@SKT ,WKSLV\fNLYTK
\T]OSPTRSISFFFAHASFMPQI $!#$!
CFEISFCPOLOGFNIFPOLNORS]_OSKQ\ 3QINAVOGEFNIIL_KACPOLOGFNII=POL &=5/HB;1254>-8;:--/



 
S\FKAKPOKAHANORSQFLKAMI)L@HA NORS]_OSKQ\S\J>NAGMISFKNOPKT ?;9;.58,/H:I?278KD4-


KQ\SI@ ROLNWFHAZISN\V YSOQOK C\ \T] CSFXFNIFPOLRFKTNE\EL@PF 350-:5,18,<=21;?/=-F2:5,/:2
POLNISF^STGFPQOWFETQTCOBQASNOM QFMFZFNI@PFQFENFJPANFLICPOLOGF 4-<:;0;4-<@>7-8K7-5/;49;3:;
POQ@EKF/_KQABOSAFSPQIPOCOQOSF NIF=RPOJLFQA>RNOCANAGMISFKNOPKT 0;<;/=2312:5,<->>-35=-;>?-/
KL_XAHAGIDANI@CPOLOGFNIF! EL@ORSANOCKIL_KACPQOMFGTSOXNOM E20;>,/-/?;9;.582$2:-1823-





5QFERSCATPQACLFNI@\T] NA POLOGFNIIRNOCANAGMISFNAKNOPKT F22 5><;8I4;/-:52 8K7- 9;32?


VOE@SR@OKOLOPFQFENFDOPOSOLOXNODO \T] ITEFQGICAJSFFFCNAGASOM .H?I;<->:H9&2=21:-D-8;95/;
RCFSIL]NIKANARPFWIAL]NOJKONSQOL] RORSO@NIIEOPOLNODOHAKQ\CANI@L_KA /=29,20;=-.;?H@.215?2>I/?;9
NOJPANFLIIIRPOL]HT_SR@EL@OSKQ\ D?;:57?;54<->>-35=;/:2:-B;

 






 
 
CANI@HAKQ\CANI@L_KA 15?>, / ;<->:;>?5 <=5 1/532:55
8K7-<=5<;<-1-:5585D:HB/2F26
,WKZ^V\fNLYTK !><;8I4@6?2 8K7 ?;8I7; / /92B-:5495<=5:2<;>=21>?/2:
1AGMISFITEFQGICAJSFCNAGASOMRO <;8;32:55*><;682=-+<=5 :;97;:?-7?2>8K7;9
RSO@NIIKNOPKT \T]PFQFEN@@PA @>?-:;/72:-7=HE21@0.-
0-3:57-

 

NFL] PFQFMFRSISR@CPOLOGFNIF=RPOJ
LFQA>RNOCANAGMISFKNOPKT\T]
CSFXFNIFPOLRFKTNE\EL@ACSOMASIXF
RKODOPFQFMFZFNI@L_KACPOLOGFNIF $2;?7=H/-6?28K7<=5:-
=POLNORS]_OSKQ\S\J>NAGMISFKNOP 85D558I1-585>:20-:-:29

   
KTEL@ORSANOCKIL_KACPQOMFGTSOX 8K7 9;32? .H?I <;/=23
NOMPOLOGFNII 12:


909:-4(/(A0:C 3QI C\VOEF IH RALONA ACSOMOBIL@




 6:8(/,(*30*(50G C\N]SF KL_X IH HAMKA HAGIDANI@ EL@
 

PQFEOSCQAZFNI@ CNFHAPNODO HAPTRKA


Ä ½
/_KORNAZFNRIRSFMOJHAZIS\OSQAH L_KAICOHMOGNODOPOCQFGEFNI@PAR
EACLICANI@KOSOQA@OBNAQTGICAFSNA
ÖÂÉÈÂÊÅÂ RAGIQAORSACYFDOR@CACSOMOBILF1F
LIXIFPQFP@SRSCI@CPQOWFRRFHAKQ\CA NAELFGAZFFIRPOL]HOCANIFL_KAMO
 



NI@L_KAIKOSOQA@RQABAS\CAFSORSA GFSB\S]OPARN\M3FQFENAXALOMICO
NACLICA@L_KIOBFRPFXICA@FDOOBQAS CQFM@FDOQABOS\TBFEISFR]CSOMXSO
N\JVOE NIKSOIHPARRAGIQOCNFNAVOEISR@C
768G,62050>0(30/(>00 OPARNORSIPQIECIGFNIIL_KAPQIPO



   






PAEANIILIXN\VCFZFJCMFVANIHMI QIR F0M0088m


/_KEOLGFNPOCSOQNOINIWIALIHIQO PQINFPORQFERSCFNNOMKONSAKSFRL_
CAS]R@PORLFOSKL_XFNI@AKKTMTL@SOQ KOM
NOJBASAQFIILIFRLIROOSCFSRSCT_ (*(8015(G8()6:(
ZIJPQFEOVQANISFL]RDOQFL *RLIPFQFKL_XASFL]NFQABOSAFSL_K


 

MOGFSTPQACL@S]R@CQTXNT_RLFET_ZIM


'\POLNIS]RLFET_ZFF
OBQAHOM
 NAGAS]NAKNOPKT\T] CHA
KQ\SOMPOLOGFNII  RNIMISFHAZISN\JKOLPAXOKTRSA
NOCLFNN\JMFGETECTM@ROLNWFHA




 TEFQGICAS]KNOPKTCNAGASOMPOLO ZISN\MIYSOQKAMI
GFNIIEL@PORSFPFNNODOPOLNODO
HAKQ\CANI@L_KA  COH]MISFKL_XEL@HACINXICANI@TR
SANOCOXN\VCINSOCDEFPQFETRMO
 PORLFPOLNODOHAKQ\CANI@EOGEI SQFNIHRTMKIRINRSQTMFNSAMIC


  





 

SFR]ORSANOCKIECIDASFL@L_KA BADAGNIKF
 TRSANOCISFKL_XC\T] IPO
CFQNISFFDO
POXAROCOJRSQFLKFEL@OSKQ\CA
 


NI@L_KA
PQOSICXAROCOJRSQFLKIEL@HAKQ\
CANI@L_KA
   

76

,*-80






 

909:-4(>-5:8(3D561
)362086*20,-)362086*
20,*-8-1
)WZVT\ZNVL]YL\_RT

 


3QIHAKQ\S\VECFQ@VNAGMISFKNOPKT 
NABLOKFEIRSANWIONNODOTPQACLFNI@\T]

ILITRSANOCISFIPOCFQNISFPOXAROCOJ




   



RSQFLKFMFSALLIXFRKT_CRSACKTCHAMOKCO



QIR
F0M0220m QIR F0M0075m

EISFL]RKOJECFQI\T] &LOKIQOCKA
ECFQIOBOHNAXAFSR@CKL_XFNIFM-NEIKA )WZVT\ZNVLPQMWZVT\ZNVL
SOQNAKNOPKF\T] &LOKIQOCKAECF PNQ\QUTSY_^\T
QICOHMOGNASOL]KOFRLICRFECFQIHAKQ\



 
S\2SKQ\CANIFOENOJILINFRKOL]KIV ª½ÃÉÅÏ ÇÊËÌÇÐ k¯Ò° 
1AGMISFKNOPKT\T] ÁÈÜ ¾ÈË
EL@BLOKI


ECFQFJNAGASIFMKNOPKI  NABLOKFEIR ÇÅÍË¿ÇÅÁ¾ÈËÇÅÍË¿ÇÅ ¿ÎÂÒ ECFQFJ
QOCKIEFBLOKIQOCKI CRFV Á¿ÂÍÂÆ
SANWIONNODOTPQACLFNI@\T]
PQICF §Ê˿ǽ ÅÉÂÂÏ οÂÏË¿ËÆ ÅÊÁÅǽÏËÍ 
.NOPKAIMFFS5-)KOSOQ\JPOKAH\CA
EFSKB\RSQOMTMIDANI_PQIBLIHISFL]NO ÇËÏËÍØÆÌËǽÄØ¿½ÂÏÎËÎÏËÜÊÅÂÁ¿ÂÍÂÆ
FSRORSO@NIFECFQFJHABLOKIQOCAN\
CSFXFNIF RFKTNETKAHASFLFJPOCOQOSA Ľ¾ÈËÇÅÍË¿½ÊØÅÈÅÊÂĽ¾ÈËÇÅÍË¿½ÊØ

ILINFHABLOKIQOCAN\3QIBLOKIQOC





I-NEIKASOQNAKNOPKF\T]  ¬ÍžÈËÇÅÍË¿ÇÂÁ¿ÂÍÂÆ¥ÊÁÅǽÏËÍʽ
KFECFQFJ-NEIKASOQNAKNOPKFHADOQA
ÇÊËÌÇÂ ĽÀËͽÂÏÎÜ
FSR@ 1AGASIF ª½Ã½ÏÅÂ
KNOPKI ÇÊËÌÇÅ
OBFRPFXICAFS
2SKQ\CANIFOENOJILINFRKOL]KIVECF ˾ÂÎÌÂÔÅ¿½ÂÏ ÓÂÊÏͽÈÙÊÐÛ ECFQFJ
WFNSQAL]NT_ EFBLOKIQOCKT Á¾ÈËÇÅ I
QFJPOCOQOSOMMFSALLIXFRKOJCRSACKI QIR F0M0126m
ÍË¿ÇÐÁ¿ÂÍÂÆÅËÏÇÈÛÔÂÊÅÂοÂÏË¿ËÀË
OSKL_XFNIF5-)3QIEFBLOKIQOCKF
KL_XAPQICOEISKB\RSQOMTMIDANI_ ÅÊÁÅǽÏËͽ¬ÍÅÁ¾ÈËÇÅÍË¿ÇÂÁ¿ÂÍÂÆ

 






 
 
ECFQFJ-NEIKASOQNAKNOPKFDARNFS
¥ÊÁÅǽÏËÍʽÇÊËÌÇÂÀ½ÎÊÂϪ½Ã½ÏÅÂ
PQIBLIHISFL]NO C SFXFNIF  RFKTNE )COJN\MKQASKIMNAGASIFMKNOPKI  NA 1AGASIFKNOPKIOBFRPFXICAFSWFNS
SOL]KO-NEIKASOQNAKNOPKF\T]  BLOKFEIRSANWIONNODOTPQACLFNI@\T]
ÇÊËÌÇÅ ˾ÂÎÌÂÔÅ¿½ÂÏ ÓÂÊÏͽÈÙÊÐÛ
QAL]NT_BLOKIQOCKTECFQFJ&LOKIQOC
¾ÈËÇÅÍË¿ÇÐ Á¿ÂÍÂÆ žÈËÇÅÍ˿ǽ Á¿Â
*RLIECFQIHAKQ\S\NOBADAGNIKOS CKL_XAFSR@TRSQOJRSCO='QFHNOJHAMOK>RM KAECFQFJRQABAS\CAFSSOL]KOPQIPOL
KQ\S BLOKIQOCKA ECFQFJ RQABOSAFS ÍÂÆ Îͽ¾½ÏØ¿½ÂÏ ÏËÈÙÇË ÌÍÅ ÌËÈÊËÉ
PAQADQAU=7RSQOJRSCO='QFHNOJHAMOK> NOMHAKQ\CANIICRFVECFQFJ
ĽÇÍØ¿½ÊÅÅ¿ÎÂÒÁ¿ÂÍÂÆ
TKAHASFLIPOCOQOSOCSOL]KOEL@BLO

 

KIQOCKIC\POLN@FMOJNAGASIFMKNOP ,QMWZVT\ZNVLPNQ\QU]YL\_RT
KI  \T]
I-NEIKASOQNAKNOP .QASKONAGMISFKNOPKT  \T]
EL@
KF \T]  NAXNTS B\RSQO MIDAS] EIRSANWIONNOJ EFBLOKIQOCKI ECFQFJ
PQIBLIHISFL]NOCSFXFNIF RFKTNE CKL_XFNI@HAPQODQAMMIQOCANNODOPOSO

   
3QICKL_XFNIIEANNOJUTNKWIIMOGNO LOXNODOORCFZFNI@ECOJNODOMIDANI@
OSKQ\S]EQTDIFECFQINAGASIFMKNOPKI TKAHASFLFJPOCOQOSOCILITRSANOCISFMF
4IR NAWFNSQAL]NOJPANFLI SALLIXFRKT_CRSACKTCHAMOKCOEISFL]RKOJ
ECFQI I POCFQNISF FF PQOSIC XAROCOJ
RSQFLKIKAKPOKAHANONA\T]  
3ORLFBLOKIQOCKIECFQFJPQIPOMOZI ;9:8619:*6 *VWhcQYTQ_]^\ZU]^NL




 H*8-/561/(462I
 

 EIRSANWIONNODOTPQACLFNI@ 7635(G)362086*2( 7RSQOJRSCOPOLNOJBLOKIQOCKIACSOMA


OPQ[\QP_]XZ^\QYZ SIXFRKIRQABAS\CAFSNAKAGEOJECFQI
 ECFQN\MYS\QFM PQIECOJNOMKQASKOMNAGASIIKNOPKI
EFBLOKIQOCAS]ECFQINAGASIFMKNOPKI ;SO PQFEOVQANISFL]NOF TRSQOJRSCO EIRSANWIONNODOTPQACLFNI@  \T]

 

OBFRPFXICAFSHAMFELFNNOFRQABAS\CANIF



\T] TRSANOCLFNNOJNAPQIBOQNOJ 5QABAS\CANIFTRSQOJRSCAOBOHNAXAFS


PANFLINFPQFERSACL@FSR@COHMOGN\M  CNTSQFNNIVQTXFKECFQFJ R@MIDANIFMTKAHASFLFJPOCOQOSAIMI
'%+123QICKL_XFNNOJRIRSFMFWFN  KNOPKIBLOKIQOCKIEFBLOKIQOCKI DANIFM-NEIKASOQNAKNOPKF\T] 
SQAL]NOJBLOKIQOCKIPOS@NTCHACNTS \T]  QARPOLOGFNNOJNAPQIBOQNOJPANFLI



   






QFNN__QTXKTOENOJIHPFQFENIVECF *RLIOENAIHECFQFJNFPOLNORS]_HA
QFJMOGNOEFBLOKIQOCAS]^STECFQ] 6AKIMOBQAHOMTRSQOJRSCOMFYAFSOS
KQ\CAS]ECFQIIHNTSQIPARRAGIQRKODO KQ\SATRSQOJRSCOPOLNOJBLOKIQOCKI
3OS@NTCHACNTSQFNN__QTXKTOENOJIH RALONACRLTXAFPOP\SKICHLOMANAPQI NFRQABOSAFS6AKIMOBQAHOMPQFEOS
HAENIVECFQFJMOGNOEFBLOKIQOCAS] MFQCHLOMAOKNA CQAZAFSR@RISTAWI@KODEAXFLOCFKPO
^STECFQ]


 

PAEAFSCACSOMOBIL]XFQFHOSKQ\ST_


7RSQOJRSCO='QFHNOJHAMOK>DAQANSIQT
3QI OSRTSRSCII PISANI@ RDOQFCYIJ FSLTXYT_HAZISTPQOSICNFQAHQFYFNNO ECFQ]IORSAFSR@CPARRAGIQRKOMRALO
PQFEOVQANISFL]OSKL_XFNIFAKKTMTL@ DO EORSTPA 3O^SOMT FDO NFOBVOEIMO NFHABLOKIQOCANNODOACSOMOBIL@PQI
SOQNOJBASAQFIISEMOGNOHABLOKI CKL_XAS]KAGE\JQAHPQIPORSANOCKFAC HAKQ\CANIIECFQI
QOCAS]ECFQICQTXNT_ SOMOBIL@ NA RSO@NKT ILI ORSACLFNI@


6^VWhcQYTQ_]^\ZU]^NL



3ORLFPQFC\YFNI@RKOQORSIC KMX SQANRPOQSNODORQFERSCABFHPQIRMOSQA


7RSQOJRSCOOSKL_XAFSR@ACSOMASIXFR
ECFQIBLOKIQT_SR@ACSOMASIXFRKIPQI KINAKAGEOJECFQICRLFET_ZIVRLT
PQFECAQISFL]NOMC\BOQFUTNKWIIMFN_ $!#$! XA@V


  



NARSQOJKIRMPAQADQAU0NODOUTNKWI



 

&;>82>=-.-?H/-:5,@>?=;6
ONAL]N\JEIRPLFJC^SOJDLACF >?/-*=24:;64-9;7+1/2=5  PQIOSKQ\CANIIECFQICOEISFL@PQI
:29;0@?.H?I;?7=H?H54<->>-35= POMOZIKL_XABFHEIRSANWIONNODO
>7;0;>-8;:-:57-759><;>;.;9&; TPQACLFNI@
J?;6<=5D5:2@.215?2>I/?;9D?;/:@  3QI EFBLOKIQOCANII ECFQFJ PQI
?=5-/?;9;.58,:2;>?-8;>I:5;1:;0; POMOZIEIRSANWIONNODOTPQACLF
 


D28;/27->85.-?-=2,78KD->15> NI@
?-:C5;::H9@<=-/82:529=-4=,32:-
@>?=;6>?/; 9;32? .H?I ;?78KD2:;  3QIPOCOQOSFKL_XAHAGIDANI@C
?;8I7; @>?-:;/7;6 92?-885D2>7;6 POLOGFNIF!
/>?-/75/;.-/=-F-KF5B>,E?H=,
   

<2=21:5B1/2=267-7;<5>-:;/HE2
/J?;9>8@D-2@>?=;6>?/;*=24:;64-
9;7+;>?-:2?>,/78KD2::H9?;8I7;
:-4-1:5B1/2=,B
78

7RSQOJRSCO\T] ORSAFSR@CKL_



XFNN\MEAGFPQIEFBLOKIQOCKFECFQFJ



 

WFNSQALIHOCANNOJRIRSFMOJ

$!#$!

 


>201-5><;8I4@6?21-::;2
@>?=;6>?/;<=5<2=2/;472
12?26




   





QIR F0M0128m QIR F0M0129m
$!#$!
&;>82>=-.-?H/-:5,12?
,-:9201/(462 >7;0;4-97-:-;.25B4-1 
PNQ\YfQXZPQWT\T] :5B1/2=,B<=;/2=I?2<=-/58I:;>?I $2/78KD-6?2.8;75=;/;D



 
)L@PQFEOSCQAZFNI@OSKQ\CANI@HAE >=-.-?H/-:5,@>?=;6>?/-<H?-,>I :;2@>?=;6>?/;18,;.2><2


NIVECFQFJIHNTSQI ;?7=H?I4-1:KK1/2=I<=5<;9;F5 D2:5,.24;<->:;>?512?262>85@>?
/:@?=2::26=@D75 =;6>?/;-/-=56:;6.8;75=;/754-1
)ANNOFTRSQOJRSCORQABOSAS]SOL]KO
PQIOSKQ\CANIIHAENIVECFQFJ :5B1/2=26@32.H8;/78KD2:;


&=5-7?5/54-C55;.25B>5>?29.2




 3OLOGFNIF
?CKL_XFNOECFQ]HA ;9:8619:*6(*(801561
BLOKIQOCANA 4;<->:;>?518,<;/?;=:;0;;?7=H
)362086*20/(,50= /-:5,1/2=55><;8I4@6?2/:@?=2:
 3OLOGFNIF ?C\KL_XFNOECFQ] ,*-8-1 :KK=@D7@18,;?78KD2:5,@>?=;6
MOGFSB\S]OSKQ\SAIHPARRAGIQ PNQ\YfQXZPQWT\T]

 


>?/--/-=56:;6.8;75=;/754-1:26





 
 
RKODORALONA ,AENIFECFQIORNAZFN\ACAQIJN\MTR 1/2=5-4-?29;?7=;6?21/2=I>5>
SQOJRSCOMEL@BLOKIQOCKIECFQFJPQI <;8I4;/-:529:-=@3:;6=@D75
OSRTSRSCIISOKA
'^SOMRLTXAFC\POLNIS]RLFET_ZFF

 

 7RSANOCIS]KL_XHAGIDANI@COCQA
ZA_ZIJR@YS\Q]
 3OCFQNTS]TRSQOJRSCOIHPOLOGF
NI@  C POLOGFNIF
 A HASFM HA

   
KQ\S]
.ODEATRSQOJRSCOCKL_XFNOOSKQOJSF
HAENIFECFQIPQIPOMOZICNTSQFNNIV
ECFQN\VQTXFK 77

E3-2:80?-920- (N^ZXL^TcQ]VLKYQ[\Q\fNYLK




 \LMZ^LOPQ[\QP_]XZ^\QYL
 

9:-23676,B-45020
4-=(50?-920- 0OEFLIR PFQFENIMI^LFKSQIXFRKIMI
9:-23676,B-45020 RSFKLOPOE[FMNIKAMIORNAZFN\ACSO
MASIXFRKIMOSKQ\CANIFMHAKQ\CANIFM
 

EWQV^\TcQ]VTQ



OKONRCOEISFL]RKOJRSOQON\
]^QVWZ[ZPeQXYTVT
0OEFLI R  ^LFKSQIXFRKIMI RSFKLO
1APOELOKOSNIKFECFQICOEISFL@MO POE[FMNIKAMIPFQFENIMIIHAENIMI
GFSQARPOLADAS]R@ECA\T] ILIDEF ORNAZFN\ACSOMASIXFRKIMOSKQ\CANI



   






PQFETRMOSQFN\P@S]\T] KNOPOK QIR F0M0089m


FMHAKQ\CANIFMOKONNACRFVECFQ@V
TPQACLFNI@RSFKLOPOE[FMNIKAMI
7PQACLFNIF ^LFKSQIXFRKIMI RSFKLO
POE[FMNIKAMICOHMOGNOSOL]KOKODEA
KL_XHAGIDANI@NAVOEISR@CPOLOGF


 


NII!




QIR F0M0136m


  





 

 EL@OSKQ\CANI@HAKQ\CANI@LFCODO
PFQFENFDOOKNA
 EL@OSKQ\CANI@HAKQ\CANI@PQACO
DOPFQFENFDOOKNA
 


 EL@OSKQ\CANI@HAKQ\CANI@LFCODO
HAENFDOOKNADEFPQFETRMOSQFNO
 EL@OSKQ\CANI@HAKQ\CANI@PQACO
   

DOHAENFDOOKNADEFPQFETRMOSQFNO
 EL@BLOKIQOCKIQABOS\KNOPOKTP
QACLFNI@RSFKLOPOE[FMNIKOCHAE
NIVECFQIDEFPQFETRMOSQFNO
ÂÆ DEFPQFETRMOSQFNO
80

(N^ZXL^TcQ]VLKYQ[\Q\fNYLK\L 6AKIMOBQAHOMNFOBVOEIMOC\POLNIS] 



MZ^L HAPTRKAFSR@NAGASIFMTPQACL@_ PQOWFETQTINIWIALIHAWIIRIRSFM\KO



 

ZIVPFQFKL_XASFLFJBOLFFPOLRFKTN SOQA@PQFERSACL@FSROBOJRLFET_ZFF (5>?29->;;?/2?>?/@2?<;1


E\2KNOORSANOCISR@PORLFPOLNODO 0;?-/85/-29;9@>?-:1-=?@
OSKQ\CANI@ILIPQIPOCSOQNOMNAGA  2SKQ\S]OKNA  ;?:;>,F29@>,7;.2><2
SIIKNOPKI ILI D2:5K.24;<->:;>?5<->>-35=;/

 


/H>;/H/-KF5B>,54<->>-35=>7;
0OEFLIR OKNAMIRORSFKLOPOE[FMNI  3OCFQNTS]KL_XHAGIDANI@CPOLO 0;>-8;:-
KAMIPFQFENIMIIHAENIMIORNAZFN\ GFNIF"# AHASFMCPOLOGFNIF
TRSQOJRSCOMHAZIS\OSQAHEACLICANI@
ĽÖÂÉÈÂÊÅ !
EL@OBNAQTGFNI@PQFP@SRSCI@CPQO




   





3QIOSRTSRSCIINFIRPQACNORSIOKNOAC '%+12'NFKOSOQ\VMOEFL@VNAGASIF
WFRRFHAKQ\SI@OKNA3QIOBNAQTGFNII KNOPKIEIRSANWIONNODOTPQACLFNI@ 
PQFP@SRSCI@ RIRSFMA ORSANACLICAFS SOMASIXFRKICOHCQAZAFSR@CRCOJNOQ
MAL]N\JQFGIMQABOS\ BOLFF RFKTNEOSKQ\CAFSOKNACSO
PQOWFRRHAKQ\SI@OKNAICROOSCFSRS CQFM@KAKNAGASIFKNOPKIEIRSANWION
CIIRPOLOGFNIFMOKNAOBFRPFXICAFS '%+123QIPOCOQOSFKL_XAHAGIDA NODOTPQACLFNI@  BOLFF RFKTNEHA
FDOOBQASN\JVOE NI@CPOLOGFNIF"# ILIPQIFDO



 

KQ\CAFSIV
'%+12'RLTXAFP@SIKQASNODORQABAS\ TEALFNIIRSFKLARORSFKLOPOE[FMNIKA
CANI@UTNKWIIHAZIS\OSQAHEACLICANI@ MIQABOSA_SFZFCSFXFNIF MINTSI
SOL]KOHA
MINTSTRIRSFMAACSOMASIXFR OSKL_XA_SR@RQAHTGFPORLFOSKQ\SI@
KICVOEISCQFGIM=CORRSANOCLFNI@>RA ECFQI





MOHAZIS\;SORORSO@NIFOB[@RN@FSR@
SFMUAKSOMXSOCPQOWFRRFHAKQ\SI@RSFK
LOPOENIMAFSR@Q\CKAMI

 






 
 
 

   
79

$!#$!





 

$2:-1823-F22 5><;8I4;
/-:52;7;:>;>?278;<;1G
29:57-95 9;32? .H?I ;<->:H9
&2=21:-D-8;95/;/=29,5B=-.;
 



?H@.215?2>I/?;9D?;:57?;54
<->>-35=;/:2:-B;15?>,/;<->:;
>?5;?1/53@F20;>,>?278-585<;
<-1-:5,85D:HB/2F26/92B-:549



   


585<=5:2<;>=21>?/2::;97;:?-7





QIR F0M0251m QIR F0M0091m


?2<->>-35=;/>;>?278;9>201-
/H:59-6?278KD4-350-:5,544-9
7-<=5/HB;1254>-8;:--/?;9;.5 8;26G:20/(28C*(50G
8,18,<=21;?/=-F2:5,>8@D-6:; /(,5-+6625(
PNQ\YfQXZPQWT


 

0; >=-.-?H/-:5, ;7;: >; >?278;




<;1G29:57-955<;/=2312:5,<-> OPQ[\QP_]XZ^\QYf\T]
>-35=;//-/?;9;.582 2SKQ\CAJSFIHAKQ\CAJSFOKNOIRPOL]
HT@ROOSCFSRSCT_ZT_QTKO@SKT




0YTbTLWTSLbTK[\QPZa\LYT^QWg
QIR F0M0252m
YZU]T]^QXfZVZY


  



3QFEOVQANISFL]NA@ RIRSFMA EOLGNA





 

9^QVWL[Q\QPYTaTSLPYTa[L]]L B\S]POCSOQNOINIWIIQOCANAPORLFOS
RT\]VTaPNQ\QU ROFEINFNI@AKKTMTL@SOQNOJBASAQFI
OPQ[\QP_]XZ^\QYf ILIFRLIROOSCFSRSCT_ZIJPQFEOVQA
NISFL]RDOQFL
3OELOKOSNIKPFQFENFJPARRAGIQRKOJ
 


ECFQI I POELOKOSNIKI HAENFJ ECFQI 3OQ@EOKINIWIALIHAWII


IMF_SPFQFKL_XASFLI\T]KOSO  POLNORS]_HAKQOJSFOKNOCQTXNT_
Q\FIRPOL]HT_SR@EL@TPQACLFNI@ROOS EL@INIWIALIHAWII
CFSRSCT_ZIMRSFKLOM
 PORLFORSANOCKIOKNAPQOEOLGAJSF
   

1AGMISFKNOPKT\T] EL@PQIOR NAGIMAS]NARQFERSCATPQACLFNI@


SANOCKI QABOS\ RQFERSC TPQACLFNI@ OSCFXA_ZIFHAHAKQ\SIFPOKQAJ
HAENIVECFQFJDEFPQFETRMOSQFN\ NFJMFQFFZF
RFKTNET

82

)(+(.502






 

;.-/82:52 7;:>?=@7C56
15:-957;/ ><;682=;/ 5

 
?1:-:53:KK<;87@585



7=HE7@.-0-3:57-4-5>
78KD2:529?2B7;?;=H2<=21@>9;?
=2:H540;?;/5?28299;0@?<;92E-?I
:-<;8:2::H90-4;9>?;67-9=-><;




   





QIR
F0M0092m QIR F0M0094m
8;32::H9<;.;7-9.-0-3:57-=-
.;?-?I:-1823-F59;.=-4;9
/(28C*(50-/(,5-+6
6:20,56+6)68:(
$!#$!



 
2PTRKAJSFHAENIJOSKIENOJBOQSEO


&=55><;8I4;/-:55.-0-3
:57-@.215?2>I/?;9D?; SFVPOQPOKANFTRL\YISFZFLXOKBLO
:-0=@47-:2<=2/HE-2?1;<@>?59; KIQOCKI\T] 
0;4:-D2:5,>908-/@)2B:5D2>752


@>8;/5,)-732@.215?2>I/?;9




D?;541285,/.-0-3:572=-492F2
:H:-1823-F59;.=-4;918,<=2
1;?/=-F2:5,5B<2=292F2:5,/<2 QIR F0M0093m

=215<;/=2312:5,<->>-35=;/<=5

 






 
 
=247;9?;=9;32:55 6:28C*(50-/(,5-+6
6:20,56+6)68:(

$!#$! ,AENIJOSKIENOJBOQSMOGFSB\S]OS
KQ\SCL_BOJMOMFNSIHPARRAGIQRKO

 

-<=2F-2?>,<2=21/50-?I DORALONANAGASIFMKNOPKI\T] 
>, > <=2192?-95 =-492
F2::H95:-4-1:26.-0-3:;6<;8 ,AENIJOSKIENOJBOQSMOGFSB\S]OS
7218,<=21;?/=-F2:5,5B<2=292 KQ\SRNAQTGINAGASIFMKNOPKIEIRSAN
F2:5,/<2=215<;/=2312:5,<-> WIONNODOTPQACLFNI@
\T]


   
>-35=;/<=5=247;9?;=9;32:55 2SKQ\CANIFHAENFDOOSKIENODOBOQSA
OBOHNAXAFSR@ECOJN\MMIDANIFMTKAHA
SFLFJPOCOQOSA






 

 





   






QIR F0M0095m QIR F0M0096m QIR F0M0097m

(*(80156-6:28C*(50- ;*-30?-50-6)B-4(
/(,5-+66:20,56+6 )(+(.502(
)68:(\T]


 

?L]^TcYZQ_NQWTcQYTQ


)L@ OSKQ\CANI@ HAENFDO OSKIENODO OPQ[\QP_]XZ^\QYZ


BOQSAIHPARRAGIQRKODORALONAPQIQAH 
 TWT  \T]
Q@EKFAKKTMTL@SOQNOJBASAQFIACSOMO
BIL@ILICRLTXAFNFIRPQACNORSI^LFK &ADAGNIKMOGFSB\S]XARSIXNO
 ILI




SQIXFRKODO HAMKA HAENFDO OSKIENODO  ILIPOLNORS]_TCFLIXFNPQIQAR


BOQSAC\POLNIS]RLFET_ZFF KLAE\CANIIHAENFDORIEFN]@
 NAKLONISFHAENIFRIEFN]@RMPA '\POLNIS]RLFET_ZFF QIR F0M0137m


  



QADQAU7CFLIXFNIFOB[FMABADAG



 POLNORS]_OPTRSISFPOEDOLOCNIKI

 

NIKAC^SOJDLACF HAENFDORIEFN]@  IRPOL]HTJSFQTKO@SKI ILI\T]


 NAGMISFQ\XAD CBADAGNIKF  PQOCFQ]SFXSOB\QFMFN]RIEFN]@ EL@EFBLOKIQOCKIROOSCFSRSCFNNO
NFB\LPFQFKQTXFN LFCOJILIPQACOJXARSIRPINKIRI
EFN]@AHASFMNAPQACLFNI@RPINKI
 NAKLONISF YSOQKI KAK POKAHANO RIEFN]@NAYSOQKT
 


RSQFLKAMI\T]
   

84

7CFLIXFNIFOB[FMABADAGNIKACPQACT_ '\POLNIS]RLFET_ZFF



RSOQONT POHCOL@FS PORAEIS] ECTV



 

PARRAGIQOCNAHAENFFRIEFN]FRLFCOJ  POLNORS]_OPTRSISFPOEDOLOCNIKI
HAENFDORIEFN]@
RSOQON\
 PQOCFQ]SFXSOB\QFMFN]RIEFN]@
7CFLIXFNIFOB[FMABADAGNIKANALFCT_ NFB\LPFQFKQTXFN

 


RSOQONT POHCOL@FS PORAEIS] OENODO
PARRAGIQANAHAENFFRIEFN]FRPQACOJ  NAKLONISF YSOQKI KAK POKAHANO
RSOQON\ RSQFLKAMI\T]
 POENIMISFQTKO@SKI I\T]




   





QIR F0M0098m EL@OSPTRKANI@RPINOKRIEFNIJI
NAPQACLFNI@IVNAYSOQKI
7ZWYZQ_NQWTcQYTQZMeQXL '%+12*RLIPORLFNAKLONAHAENFDO
MLOLRYTVL\T] RIEFN]@NFOBVOEIMORN@S]HAEN__BA
DAGNT_POLKTQARPOLOGISFFFKAKPO



 
3OLNORS]_NAKLONISFHAENFFRIEFN]F


EL@MAKRIMAL]NODOTCFLIXFNI@PQORS KAHANONA\T]

QANRSCABADAGNIKA





 






 
 
 

   






 

 





   






QIR F0M0221m QIR


F0M0099m QIR
F0M0222m

*ZSN\LdQYTQSLPYQOZ 95G:0-/(,5-1
]TPQYgKNYLcLWgYZQ[ZWZRQYTQ )(+(.56176320
\T]


 

)L@TEALFNI@HAENFJBADAGNOJPOLKI


3QIPOENIMISFRPINKIRIEFNIJIPFQF RWFL]_TCFLIXFNI@OB[FMABADAGNIKA
MFZAJSFIVNAHAEEOSODOMOMFNSAPO OSPTRSISF CFQVNIF KQA@ \T]


KA NF TRL\YISF ZFLXOK BLOKIQOCKI RN@COBTYKIROYPILFKOSPTRSISFI
OBOIVUIKRASOQOC POCFQNISFHAEN__BADAGNT_POLKTA




HASFMOSPTRSISFOBFYPIL]KI\T]

4ARPOLOGISFQFMFN]RIEFN]@CCFQVI RBOKOC\VRIEFNIJ
HAKQFPISFYSOQKTCQABOXFMPOLOGF
NII QIR

F0M0101m
3ORLFTEALFNI@HAEN@@BADAGNA@POL


  



KAMOGFSB\S]QAHMFZFNAMFGETRPIN



 

'%+12.ODEARPINKARIEFN]@HAKQFP 7BFEISFR]CSOMXSORPINKARIEFN]@ KAMI PFQFENIV RIEFNIJ I RCFQNTSOJ


LFNA NAELFGAZIM OBQAHOM =KQARNA@ HAKQFPLFNAEOLGN\MOBQAHOMPOOBF YSOQKOJHAENFDORIEFN]@\T]

POLORA>NAQ\XADAVNFEOLGNAB\S]CI IMRSOQONAMKQARN\FPOLOR\NFCIEI
EIMOJ=.QARNA@POLORA>UAKSIXFRKI M\EL@PQFEOSCQAZFNI@FFECIGFNI@
OBOHNAXAFSSOXSORPINKARIEFN]@NF CPFQFECRLTXAFQFHKODOSOQMOGFNI@
 


HAKQFPLFNANAELFGAZIMOBQAHOM7BF PQICOE@ZFDOKSQACMIQOCANI_PARRA
EISFR]CSOMXSOPOEDOLOCNIKITRSA GIQOC
NOCLFN\PQACIL]NO
   

86

+8;/6*61265:-15-8 2(76:



OPQ[\QP_]XZ^\QY



 

,3G6:28C*(50G2(76:(
(QTHOCOJKONSFJNFQRM\T]
TRSA
NACLICAFSR@NABADAGNIKF2NMOGFS '\POLNIS]RLFET_ZFF
IRPOL]HOCAS]R@EL@QAHMFZFNI@CFZFJ  3OS@NISF Q\XAD \T]
 PO NA

 


IOBFRPFXICAFSQACNOMFQNT_POCFQV PQACLFNI_RSQFLKI
NORS]NADQTHKI
 3OS@NISFQ\XAD\T]
KAK
'%+12)L@QACNOMFQNODOQARPQFEF POKAHANONAQIRTNKF
LFNI@NADQTHKIPOPOCFQVNORSIDQTHO




   

 3OENIMISFKAPOSICSOGFCQFM@





CODOKONSFJNFQAROVQAN@JSFELINNT_ QIR
F0M0175m

PLANKTCPOLOGFNIIPOWFNSQTBADAG C\RCOBOEISFRSFQGFN]\T]

NIKA0AKRIMAL]NOEOPTRSIMA@NADQTH IHKQFPLFNI@AHASFMTRSANOCISFKO
NFWRSFQGN@\T]
 CDNFHEO
KARORSACL@FS KD KAPOSA



 





 






 
 
 

   






 

 





   






QIR
 F0M0135m QIR
 F0M0132m QIR
 F0M0134m

'%+12 3FQFE OSKQ\CANIFM KAPOSA /(28C*(50-2(76:(


TBFEISFR] C SOM XSO MANIPTL@SOQ\
RSFKLOOXIRSISFLFJLFGASNACFSQOCOM '\POLNIS]RLFET_ZFF


 


RSFKLF  7EFQGICAJSFKAPOSCCFQVNFMPOLO
GFNIIOENOJQTKOJAEQTDOJQTKOJ
C\N]SF RSFQGFN] \T]
 IH
DNFHEAITRSANOCISFFDONAYSAS
NOFMFRSOCKQFPLFNIF\T]





QIR
 F0M0133m


  





 

 2PTRSISFKAPOSPQIBLIHISFL]NONA RM
OSOSEFLFNI@ECIDASFL@AHASFMOSPTR
SISFKAPOSTBFEISFR]CSOMXSOKAPOS
POLNORS]_HAKQ\SANFTEFQGICAFSR@
PQFEOVQANISFL]N\MHAMKOM*RLIKAPOS
 


POLNORS]_NFHAKQ\LR@NFNAGIMAJSF
NANFDORCFQVTAOSKQOJSFKAPOSRNOCA
IPOCSOQISFC\YFTKAHANNT_PORLFEO
CASFL]NORS]OPFQAWIJ
   

'%+12'RFDEAPQOCFQ@JSFNAELFGAZFFHA
KQ\SIFKAPOSAEL@PQFEOSCQAZFNI@FDOOS
KQ\CANI@COCQFM@ECIGFNI@ACSOMOBIL@

88

$!#$! )(+(.502)(+(.502






 

C28,B;.2><2D2:5,.24; **0,-
<->:;>?54-7=H/-6?27-<;? 5(78(*3GFA0=
:-1823-F59;.=-4;9/;54.23- PNQ\YfQXZPQWT
:5220;;?7=H/-:5,/;/=29,1/5

 


32:5,-/?;9;.58,&;J?;9@/>201- 3FQFENIF ROFEINISFL]N\F ^LFMFNS\
<=;/2=,6?24-7=H?857-<;?:-182 TRSANACLICA_SR@CSOXKAV\T]

3-F59;.=-4;954-.8;75=;/-:
854-9;7>85/H4-92?5?2D?;4- ,AENIFROFEINISFL]N\F^LFMFNS\TRSA
NACLICA_SR@ C SOXKAV * OKOLO HNAKA




   

9;7 <;8:;>?IK :2 4-.8;75=;/-:





ONARSFKLAVHAENIVOKON QIR
 F0M0102m
<=5 1/532:55 -/?;9;.58, :24-
92185?28I:;;>?-:;/5?2?=-:><;=? PNQ\YfQXZPQWT
:;2>=21>?/;54-7=;6?27-<;? '%+12'NIMASFL]NORLFETJSFINRS
3FQFENIF ROFEINISFL]N\F ^LFMFNS\ QTKWI@M MONSAGA ROEFQGAZIMR@ C
TRSANACLICA_SR@CSOXKAV\T]
 KOMPLFKSF  0ONSAG EOLGFN C\POL



 

N@S]R@SOL]KOKCALIUIWIQOCANN\MPFQ
$!#$! ,AENIFROFEINISFL]N\F^LFMFNS\TRSA RONALOM
>85;<;=:H6>?2=32:I:2 NACLICA_SR@CSOXKAV* IOPQFEFL@_S
=-492F2:1;83:H9;.=- R@HAHOQOMNACFQVNFMPQOFMFECFQI
4;97-<;?9;32?@<->?I





$!#$!
$-0=@47-1;83:-=-><=2
$!#$! $!#$! 128,?I>,=-/:;92=:;&=5

 






 
 
H<;8:,6?2 ;<2=-C55 &;>82:2>7;8I75B758;92 1/532:55-/?;9;.58,@D5?H/-6?2
?;8I7; :- :2<;1/53:;9 ?=;/1/532:5,<=;/2=I?2 @/285D2::@KD@/>?/5?28I:;>?I-/
-/?;9;.582 <8;?:@K4-?,37@/5:?;/7=2<82:5, ?;9;.58,7.;7;/;9@/2?=@
>;215:5?28I:HBJ8292:?;/

 

-<=2F-2?>, <=2/HE-?I
1;<@>?59@K:-0=@47@>9
$2;.B;159;>?=;0;>;.8K 08-/@ )2B:5D2>752 @>8;
1-?I126>?/@KF52<=-/58- /5,

   
=20@85=@KF529-7>59-8I
:H20-.-=5?:H2=-492=H


>*:D .UJMcYXUWPWRJZPN]URZXMTR




 WKYZKMUPWRJU]aK^KZ
 

:/-=52:8,4*>*: [VZR[


B`PRX[l]PO`USc[X`^RZPdP`X\UUbVXW @PVX\PYbUZ]^_ZX X `Pa_^[^
]U]]^RPV]cnW]PgX\^ablZPZT[O8P VU]]kU]P_P]U[Xc_`PR[U]XO

hUYQUW^_Pa]^abXbPZXT[OQUW^_Pa
 



]^abXXZ^\d^`bPT`cSXecgPab]XZ^R :Xa_[UY`Pa_^[^VU]]kY]P_`XQ^`
T^`^V]^S^TRXVU]XO
8fU[Oe^QUa_U ]^Y_P]U[X^QUa_UgXRPUbRXWcP[l]cn
gU]XO]PX[cghXeca[^RXYRXTX\^abX X]TXZPfXn_^[^VU]XYR^R`U\ORk_^[
T[OaUQOXT[OT`cSXeR^TXbU[UYR^R`U ]U]XO`USc[X`^RZX




   






\OTRXVU]XO_`XRZ[ngU]]kedP`Pe `Xa
 F0M0103m
B^[^VU]XU N^TX]X[XTRP_PaaPVX
]U^Qe^TX\^_`PRX[l]^^b`USc[X`^RPbl `P]P_U`UT]XeaXTU]XOe

]P_`PR[U]XUXeaRUb^R^S^[cgP
AQ`P F5/4<:848::/4<8:>*:
iPYbUal Z TX[U`c Z^\_P]XX ,(4 T[O B^[^VU]XU
N_Obl_PaaPVX`^R

^QUa_UgU]XO_`PRX[l]^Y`USc[X`^RZX CPQ^bPUb_`XZ[ngUWPVXSP]XO_^abPR


 

[U]]^\R_^[^VU]XUXRZ[ngU] B^[^VU]XU N_Obl_PaaPVX`^RS`cW




dP`8PhUS^PRb^\^QX[O

]^\Q[XV]U\aRUbUdP`
@PS`cVU]]kY RQPSPV]XZU

PRb^\^QX[lZ`U]XbaO]PWPTgb^_`XR^
TXb Z _^TjU\c aRUb^R^S^ [cgP dP` B^[^VU]XU NR^TXbU[l\PZaX\P[l
RRU`e
8mb^\a[cgPU]U^Qe^TX\^Rk ]^T^_cabX\kYS`cWRQPSPV]XZU





_^[]Xbl`USc[X`^RZc]P_`PR[U]XO[cgP F>7<7@=;B`^RU`OYbU_`PRX[l]^abl
dP`
]PRUTU]XO[cgPdP`_`X[nQ^\XW\U]U
]XXRUa^R^Y]PS`cWZXPRb^\^QX[O



  



:/-=52:8,4*9/:/.72?



 

9:8<2,8<=6*77D?>*:
M[U]aKPR_MTUfaPWRJ
MTXVYUPT\K`Rf
AQ`PiPYbUalZ^dXfXP[l]^\cTX[U`c
 


,(4T[O^QUa_UgU]XO_`PRX[l]^Y`U
Sc[X`^RZXdP`8PhUS^PRb^\^QX[O

   


:/-=52:8,4*>*:



1*-:*72@/3



 

ZR[


CUSc[X`^RZP]P_`PR[U]XO[cgPQ[XV]U
S^ aRUbP dP` ^aciUabR[OUbaO T[O ]P

 


_`PR[U]XO TRXVU]XO b`P]a_^`b]ke
a`UTabR_`X]Ob^S^Rab`P]U_`^TPVX
PRb^\^QX[O
8ab`P]Pea_`^bXR^_^[^V
]k\]P_`PR[U]XU\TRXVU]XOafU[ln
b^S^ gb^Qk ]U La[U_XblM R^TXbU[UY




   





Rab`Ug]kePRb^\^QX[UY]U^Qe^TX\^
WPbU\]Obl^_`UTU[U]]kUcgPabZX_^
RU`e]^abXdP`Xa_^[lWcOa_UfXP[l]cn
[X_Zcn[U]bc



 

B^Te^TOiPO[X_ZPO[U]bPX\UUbaORPa
a^`bX\U]bU,/+())+3302,,(4PbPZVU
`Xa
 F0M0105m
c^dXfXP[l]keTX[U`^RZ^\_P]XX,(4





 






 
 
 

   
`Xa
  F0M0106m


;2;</6* %"$%" 27.24*@22




 7/2;9:*,78;<2
 

;a[XTP]]kYPRb^\^QX[lOR[OUbaO8P )7@A4;/  >=61=:.4A


hX\_U`Rk\PRb^\^QX[U\a%^W]P ;/9@7;/:J<=KCC49A71<= 7PR[YZKMWX[\d
Z^\lbUala`PQ^b^Ymb^YaXabU\kR_`^ 7@>=:J6=1/AJ1=6;=5<=@AJ@E4>:4 @UXa_`PR]^abl%X]TXfX`cUbaOWPS^
fUaaU_`UTRP`XbU[l]keb`U]X`^R^g]ke <7.9=:4@@3=?=2=8=3</9=<41@7 `P]XU\[P\_k  ]P_`XQ^`]^Y_P]U[X
 



_^UWT^Z _^ T^`^V]^\c _^Z`kbXn a :/DB:BFG7AJ@/;=@E4>:4<74>= R\UabUaRkaRUgXRP]XU\a_UfXP[l]^S^


_[^eX\afU_[U]XU\UabUabRU]]^Rk KA=;B ?49=;4<3B4A@. >?=.1:.AJ a^^QiU]XO]P\]^S^dc]ZfX^]P[l]^\
_^[]OO_`Xmb^\RaUb`UQ^RP]XOQUW^ >?434:J<BL=@A=?=5<=@AJ>?7317 TXa_[UURa[cgPUUS^RZ[ngU]XORZ^\
_Pa]^abXPbPZVU_`PRX[PT^`^V]^S^ 54<77>=@9=:J697;>=14?D<=@A.; _[UZbPfXna\
CPWTU[B`UTc_`UTX



   


TRXVU]XOab`P]kRZ^b^`^Y8k]Pe^ 7 <4 >=314?2/AJ @40. <4<B5<=;B







bU[l]kUX]TXZPfXXXa^^QiU]XO

TXbUal
8]X\PbU[l]^_`^gbXbUa[UTcn ?7@9B
iXUX]ab`cZfXX
8mb^\a[cgPUaXabU\Pb^`\^W^R_`^
T^[VPUb^abPRPblaO`PQ^b^a_^a^Q]^Y
7Rb^\^QX[l^a]PiU]P]bXQ[^ZX`^R^g ^T]PZ^cVUQUW_^\^iX%
Aab^
]^YaXabU\^Y%b^`\^W^RZ^b^`PO ,6/B*</5E;<,8
`^V]^_`^T^[VPYbUTRXVU]XUZQ[X


 


_`UT^bR`PiPUbQ[^ZX`^RZcZ^[Ua_`X ;2;</6D
VPYhU\c^dXfXP[l]^\cTX[U`c,(4T[O
b^`\^VU]XX^QUa_UgXRPUbafU_[U]XU 8^TXbU[l \^VUb ^_`UTU[Xbl \^\U]b _`^RU`ZXaXabU\k

aT^`^V]k\_^Z`kbXU\PbPZVU]PX RZ[ngU]XOaXabU\k%_^eP`PZbU`]^
[cghUUR^W\^V]^Uc_`PR[U]XURa[cgP \c[USZ^\c_c[laX`^RP]Xn_UTP[Xb^`
OemZab`U]]^S^b^`\^VU]XORca[^RX




\^WPPbPZVU_^_^RkhU]]^Yhc\]^a
OeL_[^e^YMT^`^SX
bX`PQ^bkaXabU\kmb^^W]PgPUbgb^
%T^_^[]OUbaOaXabU\^Ym[UZ ]U^Qe^TX\^XW\U]XblaZ^`^ablTRXVU
b`^]]^YaXabU\^Y`Pa_`UTU[U]XOb^` ]XOPRb^\^QX[ORfU[Oe_`XRUTU]XOUU


  





Ra^^bRUbabRXUabX_^\T^`^V]^S^_^

 

\^W]kecaX[XYZ^b^`PO`Pa_`UTU[OUb
b^`\^VU]XU\UVTc_U`UT]X\XXWPT Z`kbXO

]X\XZ^[UaP\X

F>7<7@=;8fU[Oe^QUa_UgU]XO\PZ
aX\P[l]^YmddUZbXR]^abX`PQ^bkb^` %"$%"
 


\^W^R]U^Qe^TX\^RkTU`VPbl_U`X^T @:7 19:LF/4A@. @7@A4;/


^ab^`^V]^S^b^`\^VU]XO`PR]kY_`^  KA= 6</9 A=2= FA=
QUSc Z\T[O]^R^S^PRb^\^QX[OR @E4>:4<74;453B9=:4@/;773=?=
a[cgPUWP\U]kb^`\^W]keZ^[^T^Z TXa 2=83=@A72:=@1=42=>?434:/ <4=0
   

Z^RRbUgU]XUZ^b^`^S^`UZ^\U]TcUb D=37;=@<767AJ@9=?=@AJ31754<7.
aOXWQUSPbl`UWZ^S^\]^S^Z`Pb]^S^X 3:.A=2=FA=0I>?714@A7441@==A
_`^T^[VXbU[l]^S^b^`\^VU]XO
14A@A174@9/F4@A1=;@E4>:4<7.3=
?=5<=2=>=9?IA7.

=;252</5EF4;<:/778-8 ;R[\PVK



<8:680/72H



 

7PR[YZKMWX[\d eUPT\ZXWWKJ[R[\PVK
M[\ZXPWWKJM[R[\PV]
M[U]aKPMTUfaPWRJYX[UPOWPS [\KLRURQK`RR
@UXa_`PR]^ablX]TXfX`cUbaOWP M[U]aKPMTUfaPWRJ
S^`P]XU\[P\_  Xx ]P_`XQ^`]^Y MTXVYUPT\K`Rf
_P]U[XR\UabUa_^OR[U]XU\a_UfXP[l MTXVYUPT\K`Rf

 


DXabU\PZ^b^`PO]U\^VUbQkbl^b
]^S^a^^QiU]XO]P\]^S^dc]ZfX^]P[l Z[ngU]PX_`UT]PW]PgU]PT[OLcW]PRP DXabU\P%#OR[OUbaOm[UZb`^]]^YaX
]^\TXa_[UURa[cgPUUS^RZ[ngU]XOR ]XOMmZab`U]]^S^b^`\^VU]XO]P^a abU\^Y^QUa_UgU]XOcab^YgXR^abXPR
Z^\_[UZbPfXna\
`PWTU[>^]b`^[l ]^RP]XXaZ^`^abX`PQ^bk_UTP[Xb^` b^\^QX[O]Pa[cgPY_^bU`XafU_[U]XO
]kU[P\_kXa^^QiU]XO
\^WP
B`X]fX_`PQ^bkTP]]^YaXabU a_^RU`e]^ablnT^`^V]^S^_^[^b]P




   





8a[cgPU`UWZ^S^b^`\^VU]XOWPT]XU \kWPZ[ngPUbaORb^\gb^^]P_`X]U
^Qe^TX\^abXW]PgXbU[l]^cRU[XgXRP DXabU\P%#^a^QU]]^_^[UW]P_`XXW
Z^[UaP\^Scb^ZPWPblaOWPQ[^ZX`^RP] \U]U]XX_P`P\Ub`^RafU_[U]XOa_^
]k\Xa[XhZ^\`P]^gb^g`URPb^R^W UbTPR[U]XURb^`\^W]^YaXabU\U^QUa
_UgXRPObU\aP\k\R^TXbU[OR^W\^V RU`e]^ablnT^`^SX

]XZ]^RU]XU\ WP]^aP
 8 bPZ^\ a[cgPU
]^ablnm]U`SXg]^S^XmddUZbXR]^S^ B^\X\^aXabU\k%#cabP]PR[XRPnbaO



 
Z`PY]U^ab^`^V]^]P_`PR[OYbUalZQ[X


VPYhU\c^dXfXP[l]^\cTX[U`cZ^\_P b^`\^VU]XO
bPZVUaXabU\k%$X,--0-*+2PbPZ
]XX,(4T[O_`^RU`ZXaXabU\k
FaX[XbU[lmZab`U]]^S^b^`\^VU]XOTU VUR`OTUZ^\_[UZbPfXYaXabU\P %$
PZbXRX`^RP] R Z^\_[UZbPfXOe ^a]P `USc[X`cniPO b^`\^WOiXY \^\U]b
iU]]ke%#X_`UT]PW]PgU]]Pa[cgPY TRXSPbU[OXaXabU\PcRU[XgXRPn





%"$%" ]UXa_`PR]^abXaXabU\k%#X]TXfX`c iPOb^`\^W]^UcaX[XU_`XmZab`U]]^\


@:76/2=?/4A@.A=:J9==3 U\^YRZ[ngU]XU\[P\_k  R\UabUa_^ b^`\^VU]XX

</9=<A?=:J</.:/;>/ x OR[U]XU\a^^QiU]XO]P\]^S^dc]ZfX ,45GA/72/;2;</6D


1;4@A4@>=.1:4<74;@==0H4<7.</ ^]P[l]^\TXa_[UURa[cgPUUS^RZ[ngU

 






 
 
;<=2=CB<9E7=</:J<=;37@>:441 ]XORZ^\_[UZbPfXn
=]TXfX`cUbaORZ[ngU]XU\\XSPniUY
@:BF/442=19:LF4<7.19=;>:49A/ Z^]b`^[l]^Y[P\_k  ]P_`XQ^`]^Y
E7L<4;43:4<<==@A/<=17A4/1A= _P]U[XX]d^`\X`cOR^TXbU[O^b^\
;=07:J7@1.57A4@J@0:75/8G7; gb^cab^YgXR^ablXafU_[U]XOPRb^\^
=C7E7/:J<I;37:4?=;9=;>/<77 %"$%" QX[OQ[XWZXZZ`XbXgUaZX\ca[^RXO\

*A4F9/A=?;=6<=85739=@A776

 

#=23/19:LF/4A@.1?/
A=?;=6<=8@7@A4;I;=54A>?714 0=AB7I=HBH/4A4>B:J
@A7 9 @<754<7L KCC49A71<=@A7 @/E7L>43/:7A=?;=6/<4B07?/8A4
9/9=0IF<IDA=?;=6=1A/97@7@A4 @<44@1=48<=27/</=0=?=A>?=3=:
;I 5/8A4 34?5/AJ >43/:J </5/A=8 

   
A4;@/;I;I;/9@7;/:J<=13/<
<ID9=<9?4A<IDB@:=17.D@=9?/A7A4
A=?;=6<=8>BAJ/1A=;=07:.

91

*4<2,*@2H;2;</6D ;2;</6* 27.24*@22




 7/2;9:*,78;<2
 

DXabU\P%#PRb^\PbXgUaZXPZbXRX`c :P]]POaXabU\POR[OUbaOgPablnaXabU\k
UbaO_`XWP_caZUTRXSPbU[OPRb^\^QX %#XcabP]PR[XRPUbaOT[O^Q[USgU]XO]P @UXa_`PR]^ablaXabU\kX]TXfX`cUbaO
[OX]U\^VUbQkblTUPZbXRX`^RP]P
gP[PTRXVU]XO]PaZ[^]Pe
RZ[ngU]XU\Z^]b`^[l]^Y[P\_k * ]P
:P]]POaXabU\PRZ[ngPUbaOPRb^\PbXgUa _`XQ^`]^Y_P]U[XafXd`^Rk\TXa_[U
27.24*@22
 



ZX_`Xa[UTcniXeca[^RXOe U\XZ^]b`^[l]^Y[P\_k ]P_`XQ^`


7/2;9:*,78;<2 ]^Y _P]U[X a \]^S^dc]ZfX^]P[l]k\
8a[cgPU]UXa_`PR]^abXaXabU\P%#PR  8RU`e_^aZ[^]cPRb^\^QX[lab^Xb]U TXa_[UU\Ra[cgPURZ[ngU]XORZ^\
b^\PbXgUaZX^bZ[ngPUbaO]P_`XQ^`]^Y _^TRXV]^]PT^`^SUacZ[^]^\Q^[UU _[UZbPfXna\
`PWTU[>^]b`^[l]kU
[P\_kXa^^QiU]XO




   


_P]U[XWPS^`PUbaO_^ab^O]]k\aRUb^\ TRXSPbU[lRZ[ngU]_UTP[lafU_[U





Z^]b`^[l]PO[P\_P P]P\]^S^dc]ZfX ]XOXb^`\^WP]PVPbkRkQ`P]P]UYb


`P[l]PO_U`UTPgPX[X[nQPOT`cSPO_U F>7<7@=;DXabU\P,--]UOR[OUbaO
^]P[l]^\TXa_[UU_^OR[OUbaOa^^QiU b^`\^W^\T[O_P`Z^RZX_^mb^\c]XZ^S
]XURa[cgPUUS^RZ[ngU]XORZ^\_[UZ `UTPgPZ`^\UWPT]UY

TP]U^abPR[OYbUPRb^\^QX[lQUWRZ[n
bPfXna\
`PWTU[>^]b`^[l]kU[P\_k  8]XW_^aZ[^]cPRb^\^QX[lab^Xb]U gU]]^S^`cg]^S^b^`\^WPRkZ[ngU]]^
Xa^^QiU]XO
AT]^R`U\U]]^WPS^`PUb


 


_^TRXV]^]PT^`^SUacZ[^]^\Q^[UU S^TRXSPbU[OXRZ[ngU]]^Y_U`R^Y_U
aOZ]^_ZP
8TP]]^YaXbcPfXX TRXSPbU[lRZ[ngU]_UTP[lafU_[U `UTPgX

]U\UT[U]]^aROVXbUala^dXfXP[l]k\ ]XOXb^`\^WP]PVPbkRkQ`P]PWPT]OO
TX[U`^\Z^\_P]XX,(4
_U`UTPgP



%"$%"



8 \^\U]b Z^STP PRb^\^QX[l b`^SPUbaO


%"$%" Q[^Zc_`PR[U]XOaXabU\k%#QcTUb^ZPWk :.=04@>4F4<7.>?/17:J
RPbl]PZ^[UaPb^`\^WOiUUcaX[XUT^b^ <=8 ?/0=AI @7@A4;  7
(/0=F74 D/?/9A4?7@A797 S^\^\U]bP_^ZPZ`cbOiXY\^\U]b_`X G7<I1@4D9=:4@3=:5<I0IAJ
@7@A4;I9/@/LH74@.


  



=37</9=1=8;/?977A7>/1=A:7F



e^TOiXY]PZ^[UaP]UT^abXS]UbRU[XgX

 

=04@>4F4<7./9A71<=8046=>/@<=@ ]k_^Te^TOiUYT[O]PgP[PTRXVU]XO[X <=;@=@A=.<7779?=;4A=2=7;4<


A7<4;=2BAB04?4FJ1=37A4:.1@:B Q^R[nQ^\a[cgPU]U_`^bOVU]XXaU <=A=8;/?977A=2=A7>/9=A=?I4
F/44@:7=<>=314?2/4A@40.<4= Zc]TT[Ob^S^gb^QkTPblR`U\O_U`U]Ua ?49=;4<3=1/<I >?=761=37A4:4;
0=@<=1/<<=;B?7@9B)A7:J1=534 bX]^Sca_UTP[Xb^`\^WP]P_UTP[lSPWP

<7.3=:54<1:L0=;@:BF/4@==A
 


14A@A1=1/AJ@7AB/E77</3=?=24B@ ;a[X_^XabUgU]XXTRceaUZc]TTRXVU]XU
:=17.;1737;=@A7/A/954>:=A<= bPZX]UQcTUb]PgPb^aXabU\PTUWPZbXRX
@A73=?=5<=2=31754<7.&A14A@A `cUbaOPRb^\PbXgUaZX_cbU\_^abU_U]]^
14<<=@AJ6/046=>/@<=@AJ31754<7. S^^a[PQ[U]XOb^`\^W]^S^caX[XO

1@423/=@A/4A@.</1=37A4:4
   

B`X^a[PQ[U]XXQcTUba[khU]eP`PZbU`
]kYWRcZ^bZ[ngU]XOb^`\^W^RcZPWkRPn
iXY]Pb^gb^PRb^\^QX[l]PgX]PUbTRX
VU]XU

94

;2;</6* %"$%"



[R[\PVKTXW\ZXUJ\JNR



 

:.=04@>4F4<7.>?/17:J
Gc]ZfXO%$c_`PR[OUbTRXVU]XU\PR <=8 ?/0=AI @7@A4;  7
b^\^QX[OXRZ[ngPUbaOPRb^\PbXgUaZX G7<I1@4D9=:4@3=:5<I0IAJ
Z^STP^T]^X[X^QPRUTciXeZ^[UaP]P =37</9=1=8;/?977A7>/1=A:7F

 


gX]Pnb_`^aZP[lWkRPbl
<=;@=@A=.<7779?=;4A=2=7;4< ASR

8WPRXaX\^abX^bca[^RXY_`^aZP[lWk <=A=8;/?977A=2=A7>/9=A=?I4 OFF

RP]XOPZbXRX`cnbaOTRU`PW]keaXabU ?49=;4<3=1/<I
\kc_`PR[U]XO




   





`Xa
  F0M0109m
 ;a[X_`^aZP[lWkRP]XU_`^Xae^TXb
]P^Q^XeRUTciXeZ^[UaPeRZ[ngP ;R[\PVK
UbaO dc]ZfXO %$ c\U]lhPniPO ]YZKMUPWRP\XZVXQJbRV ,TUfaPWRPMcTUfaPWRP
\^i]^abl_U`UTPRPU\cnTRXSPbU VXVPW\XVOMRNK\PUJ [R[\PVcZR[


[U\



 
KR[OUbaOgPablnaXabU\k%$XRZ[n DXabU\P%$RZ[ngPUbaOPRb^\PbXgUa


 ;a[X_`^aZP[lWkRP]XU_`^Xae^TXb gPUbaORa[cgPU`UWZ^S^_U`UZ[ngU]XO ZX_`XRZ[ngU]XXTRXSPbU[O

]P^T]^\RUTciU\Z^[UaUaXabU\P _U`UTPgXT[ORkTPgXb^`\^WOiUS^\^
\U]bP]PTRXSPbU[lRfU[Oea^Z`PiU]XO 8^R`U\OTRXVU]XOaXabU\P%$\^VUb
%$RZ[ngPUbaOPRb^\PbXgUaZXb^` QkblRkZ[ngU]PXRZ[ngU]P^Q`Pb]^_c
\^WOb^Z^[Ua^Z^b^`^U_`^aZP[l b^`\^W]^S^_cbXRUTciUS^Z^[UaP_^


bU\]PVPbXOZ]^_ZX`Pa_^[^VU]]^Y




WkRPUb
aZ^[lZcRca[^RXOe_[^e^S^afU_[U]XO
aT^`^S^YXWQkb^g]kYb^`\^W]^Y_cbl ]Pb^`_UTUZR[

:UYabRXUaXabU\k%$^a^QU]]^_^ \^VUb_`XRUabXZ_^bU`Ucab^YgXR^a 8Z[ngU]]^Ua^ab^O]XUaXabU\k%$X]


[UW]^Ra[UTcniXeaXbcPfXOe bXPRb^\^QX[O
TXfX`cUbaO RZ[ngU]XU\ aRUb^TX^TP

 






 
 
 B`X_`^aZP[lWkRP]XXR]cb`U]]US^ Z]^_ZXPbPZVUa^^bRUbabRcniX\a^^Q
Z^[UaPRa[UTabRXUmddUZbPXW\U]U iU]XU\]P\]^S^dc]ZfX^]P[l]^\TXa
]XOTX]P\XgUaZ^Y]PS`cWZXX[XXW _[UURa[cgPUUS^RZ[ngU]XORZ^\_[UZ
[Xh]US^caZ^`U]XO bPfXn

;a[X aXabU\P %$ Qk[P RkZ[ngU]P R^

 

 B`X_U`UTPgU]PZ^[UaPg`UW\U`]^Y
\^i]^abXRZ^]bUZabUZ^]Z`Ub]ke R`U\OTRXVU]XOb^^]Pa]^RPRZ[ngXb
ca[^RXY]PT^`^SU aOPRb^\PbXgUaZX_`Xa[UTcniU\RZ[n
gU]XXTRXSPbU[O

 B`XcaZ^`U]XX]PaZ^[lWZ^YWPa]U
B`XTRXVU]XX_^WPa]UVU]]^YT^`^SU

   
VU]]^YX[XWP\U`WhUYT^`^SU
a^TUbk\XfU_O\XX\UUba\ka[^bZ[n
 8a[cgPU_^bU`XafU_[U]XOa\^Z`^Y gXblaXabU\c%$_^aZ^[lZcRmbXeca[^
_^RU`e]^ablnWP]^a
RXOeaZ^[lVU]XURUTciXeZ^[Ua_`X]P
gP[UTRXVU]XOc[cghPUbZPgUabR^UWTk


%"$%" ;2;</6* F>7<7@=; B^a[U cab`P]U]XO ]UXa




 _`PR]^abX_`^RUTXbU_^[]cn_`^RU`
 

(/0=F74 D/?/9A4?7@A797 DXabU\P"UR`^_UYaZPOQ^`b^RPO ZcaXabU\k


AdXfXP[l]kUTX[U`k,(4
@7@A4;I 9/@/LH74@. TXPS]^abXgUaZPO aXabU\P _^WR^[OUb ^QOWP]kRk_^[]XblabU]T^RkYbUabPR
=04@>4F4<7./9A71<=8046=>/@<=@ Rk_^[]OblTXPS]^abXZcm[U\U]b^RPR a[cgPU]U^Qe^TX\^abXX_`^Q]cn_^
A7<4;=2BAB04?4FJ1=37A4:.1@:B b^\^QX[OaROWP]]keaRkQ`^a^\Rk UWTZcZ^b^`PO\^VUb_^b`UQ^RPblT^
 



F/44@:7=<>=314?2/4A@40.<4= e[^_]keSPW^R
abPb^g]^T^[S^UR`U\O

0=@<=1/<<=;B?7@9B)A7:J1=534
<7. 3=:54< 1 :L0=; @:BF/4 @= >`^\U b^S^ RZ[ngU]XU Z^]b`^[l]^Y
=A14A@A1=1/AJ@7AB/E77</3=?=24 [P\_k  ]P_`XQ^`]^Y_P]U[XR\UabU
a_^OR[U]XU\a^^bRUbabRcniUS^a^^Q



   


B@:=17.;1737;=@A7/A/954>:=A





<=@A73=?=5<=2=31754<7.&A14A iU]XO ]P \]^S^dc]ZfX^]P[l]^\ TXa @:7>?7>4?41=349:LF/6/


@A14<<=@AJ6/046=>/@<=@AJ31754 _[UURa[cgPUUS^RZ[ngU]XORZ^\_[UZ 572/<7.1>=:=54<74
<7.1@423/=@A/4A@.</1=37A4:4 bPfXna\
`PWTU[>^]b`^[l]kU[P\_k <46/2=?/4A@.9=<A?=:J</.
Xa^^QiU]XO_`UTc_`UVTPUbR^TXbU :/;>/  7:74@:71>?=E4@
[O^b^\gb^a^ab^O]XU_`^RU`OU\ke @431754<7.=</6/2=?/4A@.>=@A=.<


 


m[U\U]b^R]Ua^^bRUbabRcUb]^`\U
<I; @14A=; 7:7 </F7</4A ;72/AJ
;a[XRZ[ngPUbaOaXabU\P%mb^W]PZ
b^S^gb^afU_[U]XU\UVTcZ^[UaP\XX 1;4@A4@>=.1:4<74;@==0H4<7.</
HU[laXabU\k ;<=2=CB<9E7=</:J<=;37@>:441@:B
T^`^S^YT^abXS[^aR^US^_`UTU[P]U
^Qe^TX\^a]XWXblaZ^`^ablTRXVU]XO  B^TTU`VP]XU\PZaX\P[l]^YmddUZ F/442=19:LF4<7.19=;>:49A/E7L


bXR]^abX <4;43:4<<=@1.57A4@J@=C7E7/:J



T[Ob^S^gb^Qk_`XRUabXUURa^^bRUb
abRXUaZPgUabR^\afU_[U]XOT^`^V]^ <I;37:4?=;9=;>/<77'?7F7
 B`UTc_`UVTU]XU ^Q cRU[XgU]XX <I@?/0/AI1/<7.9=<A?=:J<=8:/;
S^_^Z`kbXO
c`^R]ORkQ`^a^RRa[cgPU]UXa_`PR >I;=2BA0IAJ>?=14?4<I>BA4;7@
27.24*@22 ]^abX >=:J6=1/<7.@>4E7/:J<=2==0=?B3=


  





 

7/2;9:*,78;<2  B`UTc_`UVTU]XU^]U^Qe^TX\^abX 1/<7.7;4LH42=@.B3=?=5<=8>=


WP\U]k]UXa_`PR]kem[U\U]b^R
:7E77@423/@=0:L3/8A4>?/17:/3=
8a[cgPUR^W]XZ]^RU]XO]UXa_`PR]^abX ?=5<=2=31754<7.348@A1BLH741
aXabU\P%$QcTUbPRb^\PbXgUaZX^bZ[n DXabU\PX\UUbbPZVUTXPS]^abXgUaZXY @A?/<419=A=?=8I>BA4G4@A1B4A4
gU]PP]P_`XQ^`]^Y_P]U[XWPS^`XbaO `PWjU\Z^b^`kY\^VUbQkbla^UTX]U]
_^ab^O]]k\ aRUb^\ Z^]b`^[l]PO [P\
 


a^a_UfXP[l]k\_`XQ^`^\_^WR^[On
_P R\UabUa_^OR[U]XU\a^^QiU]XO]P iX\agXbkRPbla^e`P]U]]kURQ[^ZU
\]^S^dc]ZfX^]P[l]^\TXa_[UURa[cgPU c_`PR[U]XOZ^Tk]UXa_`PR]^abXPZ`^
US^RZ[ngU]XORZ^\_[UZbPfXna\
`PW \Ub^S^`OTa_UfXdXgUaZXe_P`P\Ub
TU[>^]b`^[l]kU[P\_kXa^^QiU]XO
`^R]U^Qe^TX\keT[ORk_^[]U]XOTX
   

8mb^\a[cgPU]U\UT[U]]^aROVXbUala PS]^abXZX `PQ^bk TRXSPbU[O


 :P]]PO
TX[U`^\Z^\_P]XX,(4
_`^RU`ZP\^VUbRk_^[]OblaObPZVUT^
`^V]^Y_^[XfXUY


F5/4<:2A/;423 B`XRZ[ngU]XXdc]ZfXX! b`UQc



UbaO\U]lhUUcaX[XUT[Oc_`PR[U]XO`c



 

=;252</5E:=5/,8-8
[URk\cab`^YabR^\R`UWc[lbPbUgUS^
=9:*,5/72H _P`Z^RZPabP]^RXbaOQ^[UU[USZ^Y
:P]
  ]POdc]ZfXO^a^QU]]^_^[UW]P_`XUW
:P]]kYPRb^\^QX[l^a]PiU]aXabU\^Y TURfU]b`US^`^TP

 


m[UZb`XgUaZ^S^caX[U]XO`c[UR^S^c_ :[OZ^\_[UZbPfXY%1024TP]]POdc]Z
`PR[U]XO Z^b^`PO ]PWkRPUbaO 5 fXOSP`P]bX`cUb_^RkhU]]kYZ^\d^`b
(-*2,6+
JbPaXabU\P`PQ^bPUbb^[lZ^ _`XR^VTU]XX_^aZ^[lZc_UTP[lSPWP
_`XZ[ngUWPVXSP]XO]Pe^TOiU\aOR ]PgX]PUb\OSgU^b`PQPbkRPbl_^abU_U]




   





_^[^VU]XX X`PQ^bPniU\TRXSP `Xa
  F0M0111m
]^UcaZ^`U]XU a]XVU]XUaZ^`^abX

bU[UX\^VUbQkbl^b`USc[X`^RP]PR^
TXbU[U\_^TaUQORa^^bRUbabRXXaca *4<2,*@2H./*4<2,*@2H
[^RXO\XT^`^SX
>]WT`RJ!



 
:[Ob^S^gb^QkPZbXRX`^RPbl TUPZbX


RX`^RPbldc]ZfXn!]PV\XbU]P
Z]^_Zc`Pa_^[^VU]]cn]Pb^`_UTU

7ZbXRPfXOX]TXfX`cUbaORZ[ngU]XU\





 ]PT_XaX! ]P_`XQ^`]^Y_P]U[X
T[OZ^\_[UZbPfXYa\]^S^dc]ZfX
^]P[l]k\TXa_[UU\

 


 ]PT_XaX!]PZ]^_ZU_^a[UUU





 
 
]PVPbXOZR[

 

   

27.24*@22 F>7<7@=;B^a[U_P`Z^RZXR^R`U\O %"$%"




 7/2;9:*,78;<2 Z^b^`^Y`c[UR^Uc_`PR[U]XU`PQ^bPUb
 

^gU]l X]bU]aXR]^ `c[l \^VUb abPbl @423/1I9:LF/8A43172/


B^OR[U]XU[nQ^Y]UXa_`PR]^abXX]TX a[USZPbcSX\
Jb^OR[OUbaO]^`\P[l]k\ A4:J 1I<7;/8A4 9:LF 76
fX`cUbaORZ[ngU]XU\Z^]b`^[l]^Y[P\ X^QjOa]OUbaO]U^Qe^TX\^abln_`U @A/?A4?//A/954/9A717?B8A4=2
_k  ]P_`XQ^`]^Y_P]U[XR\UabUa_^ T^bR`PbXbl_U`US`URm[UZb`^TRXSPbU[O
?/<7F7A4:J>=1=?=A/9=:4@>4?43
 



OR[U]XU\a^^QiU]XO]P\]^S^dc]ZfX @XZPZ^S^`U\^]bP]Ub`UQcUbaO
D[UTc 1I>=:<4<74;9/9=8:70==>4?/E77
^]P[l]^\TXa_[UURa[cgPUUS^RZ[ngU niXY`PWZ^STP8kQcTUbUXa_^[lW^ >==0@:B571/<7L=@=04<<=4@:7
]XORZ^\_[UZbPfXna\
`PWTU[>^] RPblPRb^\^QX[lm[UZb`XgUaZXYcaX[X 9=:4@/>=3<.AI</364;:48@:B
b`^[l]kU[P\_kXa^^QiU]XO
bU[l`c[UR^S^c_`PR[U]XOQcTUb`PQ^ F/44@:7KA=<41=6;=5<=</>?7



   


;4?9=23/9:LF6/572/<7.3=:54<





8a[cgPURke^TPXWab`^Om[UZb`XgUaZ^ bPblR^Qkg]^\`UVX\U

S^caX[XbU[O`c[UR^S^c_`PR[U]XOPR 0IAJ1>=:=54<777:79=23/
b^\^QX[U\\^V]^c_`PR[Obl_`X_^\^ 3172/A4:J3=:54<?/0=A/AJ1I<7
iX\UeP]XgUaZ^S^`c[UR^S^c_`PR[U ;/8A42:/1<I8>?43=D?/<7A4:JK:4
%"$%" 9A?7F4@9=2=B@7:7A4:.?B:41=2=B>
]XO

?/1:4<7.>4?43</F/:=;=0@:B57


 

)A?=2= 6/>?4H/4A@. 1I




F>7<7@=;8]UZ^b^`ke^Qab^ObU[l >=:<.AJ9/974:70=>=@:4 1/<7.


abRPeZRZ[ngU]XnZ^]b`^[l]^Y[P\ >?=3/5<I4=>4?/E77@1.6/<<I4@
_k  ]P_`XQ^`]^Y_P]U[X\^Scb_`X 1<4@4<74;76;4<4<7.19=<@A?B9
RUabXdPZb^`k]UX\UniXU]XgUS^^Q E7L;4D/<76;/?B:41=2=B>?/1:4




iUS^am[UZb`XgUaZX\caX[XbU[U\`c[U <7. 7:7 ?B:41=8 9=:=<97 </>?7


R^S^c_`PR[U]XO
;4?B@A/<=19/>?=A71=B2=<<=2=B@
?k`UZ^\U]TcU\]U\UT[U]]^^abP]^ A?=8@A1/>=@9=:J9B=<7;=2BA<4
RXblPRb^\^QX[lRkZ[ngXblTRXSPbU[l 2/A71<=@9/6/AJ@.</9/F4@A14?/


  





 

aUZc]T]P Xa]^RPRZ[ngXblTRXSP 0=AI7046=>/@<=@A7/9?=;4A=2=


bU[l
;a[XZ^]b`^[l]PO[P\_P  WPS^`P ;=2BA>?714@A79@<.A7L2/?/<A77
UbaOR\UabUa_^OR[U]XU\a^^QiU]XO 7:79<4@==A14A@A17L/1A=;=07:.
]P \]^S^dc]ZfX^]P[l]^\ TXa_[UU R A?40=1/<7.;@4?A7C79/E77
a[cgPUUS^RZ[ngU]XORZ^\_[UZbPfXn
 


aROVXbUal a ^dXfXP[l]k\ TX[U`^\


Z^\_P]XX,(4
   


;2;</6*487<:85H %"$%" ,*07*H27>8:6*@2H



4*;*GC*H;H;2;</6D



 

.*,5/72H,B27*? iÈmãËÓÒË ӂÎÓº ¹¯ºmË


/1:4<74<B5<=>?=14?.AJ 
 ¯«ˆĊ ÓÈ ²ºãºĆÓ©² ĉÒ
</@>=9=8<ID7D=:=3<ID
M[U]aKPMTUfaPWRJ ÓȲ{°ã‚ĈÈËË°ãÒ¹º}È
G7</D@:BF/44@:7>=9/97;:7 =]TXZPfXX]UXa_`PR]^abX]UQcTcbWP
}ÒäãÒ­º
0= ¹¯ÒĈÒÓÈä
>?7F7</; Ó˺­²ºĆÒäº
<4=0D=37;= >?=14 _XakRPblaOP_^mb^\cX]UQcTcb^b^
MTXVYUPT\K`Rf ¹¯ºm˯҈Ċ ĆÈmãËÓÒË m ąº¯«ĈÒ²

 


?7AJ3/1:4<7412=?.F7DG7</D<4
ĉÒÓȲ ÓË °¹Ëĉ҈Ë °ˆ¯ÈmãÒmȈĊ
Q`PVPblaOUa[XTRXSPbU[lQcTUbRkZ[n
7Rb^\^QX[l \^VUb Qkbl ^a]PiU] @>4G7A4 @A?/1:71/AJ 760IA=F<=4
ÒÏ­©ˆºĈÓºËĆÈmãËÓÒËĆÈÎËË°ãÒ gU]Xa]^RPRZ[ngU]
;a[X]UXa_`PR
aXabU\^Y &
#

%
 aXabU\P Z^]b`^[O 3/1:4<743/544@:7=<=0B34A1I
ºÓº ­‚Ćˈ m©ĉË ¹¯ËĆ¹Ò°ÈÓÓºąº ]^abl_`^T^[VPUb^abPRPblaOQ[^Zc_
TPR[U]XO R hX]Pe
 :P]]PO aXabU\P G4>?43>7@/<<=2=6</F4<7./>?=
ÏÓÈĈËÓҫȹ¯ºmËĆ҈˹ºmˆº¯Ó‚ċ `PR[U]XO_U`UTPab_`UTc_`UTXbU[l]kU
a^ab^XbXW`PTX^gPab^b]^S^TPbgXZP aXS]P[k]P_`XQ^`]cn_P]U[lb^[lZ^




   

1437A4>=1A=?<BL>?=14?9B9=23/
¹¯ºm˯}‚}ºąĆÈĉÒÓ© ­‚Ć‚ˆ²º





cabP]^R[U]]^S^ R ZPVT^\ Z^[UaU ]P ãºĆÓ©äÒ
G7<I0B3BAD=:=3<I;7 ]UaZ^[lZX\XaUZc]TP\X_^a[U]PgP[P
TXaZUR]cb`XhX]kZ^b^`kY_U`UTPUb TRXVU]XOPRb^\^QX[O

TP]]kU^TPR[U]XXRQ[^Zc_`PR[U]XO

F>7<7@=;DX[l]kU`PTX^gPab^b]kU
%"$%" _^\UeXa_^a^Q]k_`U_ObabR^RPbl]^`



 

)7@A4;/>=;=2/4A \P[l]^Y`PQ^bUaXabU\k&
#

%
8mb^\
%"$%" a[cgPU]PTXa_[UU_^OR[OUbaOa_UfXP[l
1=37A4:L@:437AJ6/3/1:4
*34:.8A4@4?J46<=41<7;/ <74;1G7</D=3</9=1=37A4:J>?= ]^Ua^^QiU]XUZ^b^`^UPRb^\PbXgUa
<74 >?=14?94 7 >=39/F94 3=:5/4A=@A/1/AJ@.=A14A@A14<<I; ZX_`^_PTUbZPZb^[lZ^`PTX^gPab^b
3/1:4<7. 1 9=:4@/D "60IA=F<=4 ]kU_^\UeX_U`UabP]cb\UhPbl`PQ^bU





6/=04@>4F4<74<B5<=2=3/1:4<7.1
3/1:4<74BDB3G/4A@E4>:4<74@3= G7</D76/>/@<=;9=:4@4@;>/?/ aXabU\k

?=2=8B14:7F71/4A</2?B69B</>=3 2?/C#=:4@/1?/634:4&0@:B57
14@9B79=:4@//A/954>?71=37A9 1/<74/1A=;=07:.
>?45341?4;4<<=;B76<=@BG7<

 






 
 
%"$%"
)7@A4;/<4@>=@=0
</7<37E7?=1/AJ;2<=14<
<=4>/34<743/1:4<7.1G7<4</
>?7;4?>?7?/6?I14G7<I>=

 

3=0<=;@:BF/4=@A=?=5<=6/A=?;=
67A4 /1A=;=07:J 76042/. ?4697D
31754<78?B:.

   

%"$%" %"$%" %"$%"





 

!/;4</@A/<3/?A<IDG7< /1:4<74 1 G7<4 ;=54A @:7/1A=;=07:J=@</H4<


</67;<74G7<I7</=0= ;4<.AJ@.16/17@7;=@A7=A @7@A4;=8  @<.A74
?=AA?40B4A>4?4</@A?=897@7@A4 A4;>4?/AB?I=9?B5/LH42=1=63B G7<I77:79=:4@<=2=37@9/77D
;I9=A=?/.3=:5</1I D/ '= KA=8 >?7F7<4 @7@A4;/ =0?/A</.B@A/<=19/A?40BLA=@=
 



>=:<.AJ@. A=:J9= =C7E7/:J<I; ;=54A1?4;4<<=@==0H/AJ 0=8=@A=?=5<=@A71E4:.D>?43=A


37:4?=;9=;>/<77 =<769=;3/1:4<771G7</DKA=; 1?/H4<7.>=1?4534<787:7<4>?/
@:BF/46/<=1=>?=14?JA43/1:4<74 17:J<=8B@A/<=1973/AF79/@1.57
1G7</D1D=:=3<=;@=@A=.<7774@ A4@J@=C7E7/:J<I;37:4?=;9=;



   


:7<4=0D=37;=1=@@A/<=17A4B?= >/<773:.6/;4<IG7<I77:7





%"$%" 14<J<4=0D=37;=2=3/1:4<7. 37@9/


)7@A4;/  A?40B4A
@>4E7/:J<=2= =0=?B3=1/
<7.&0?/H/8A4@J9=C7E7/:J<I;
%"$%" %"$%"


 

37:4?/;9=;>/<776/7<C=?;/


E748=A=;9/9749=;>:49ABLH74 @:7/1A=;=07:J=@</H4< )7:J<I4?/37=F/@A=A<I4


9=:4@/9=:>/977A3@=1;4@A7;I @7@A4;=8>?76/ >=;4D7@>=@=0<I>?4>.A
@@7@A4;=8"@>=:J6=1/<74>?=F7D ;4<4G7<I;4<.8A4A/954?467 @A1=1/AJ<=?;/:J<=8?/0=A4@7@A4
9=;>:49ABLH7D;=54A>?714@A79 <=1=4B>:=A<4<749:/>/</)1.57 ;IKA=;@:BF/4</37@




<47@>?/1<=@A7@7@A4;I A4@J@=C7E7/:J<I;37:4?=;9=; >:44>=.1:.4A@.@>4E7/:J<=4@==0


>/<77 H4<749=A=?=4/1A=;/A7F4@97>?=
>/34A9/9A=:J9=?/37=F/@A=A<I4
>=;4D7>4?4@A/<BA;4G/AJ?/0=A4


  





@7@A4;I

 

 
    


8fU[Oe^QUa_UgU]XO_`PRX[l]^YmZa_[cPbPfXXaXabU\kXa_^[lWcYbUa[UTcnicnbPQ[Xfc_`XWP\U]UZ^[Ua hX]






 

.PS[\MRP 7KURaRPOK\aRTK 2WORTK`RJ .PS[\MRPX^R`RKUdWXNX


WPR[YZKMWX[\R ORUPZKTXVYKWRR%"(

 


N N :7 DROVXbUal
a^dXfXP[l]k\TX[U`^\,(4
<P\U]P @;E :7 CU\^]b




   

Z^[UaPWP_Pa]k\ _^R`UVTU]]keZ^[Ua





<P\U]P @;E :7 DROVXbUal
Z^[UaPWP_Pa]k\ a^dXfXP[l]k\TX[U`^\,(4

<P\U]P :7 @;E N



 

Z^[UaPWP_Pa]k\
<P\U]PZ^[Ua :7 @;E N
]PT`cSXU


T`cS^S^`PW\U`P




<P\U]PZ^[Ua\UabP\X :7 @;E
_U`UT]XU WPT]XU

 






 
 
B`UTabPR[U]^RZPgUabRU^_fXXRCcZ^R^TabRU_^[lW^RPbU[OXX\UUbaORPaa^`bX\U]bU,/+())+3302,,(4

>`^\U_U`UZ`Uab]^YWP\U]khX]kT^[V]k^abPRPblaO]PaR^UYab^`^]UN_`PR^YX[X[UR^Y

 

   

.*<A2429*:48,42 8YZPOPUPWRPOR[\KW`RS





 

M[U]aKPMTUfaPWRJM CPTXcafU]b`P[l]^S^
TXVYUPT\K`Rf TUYabRXO  ).
:PbgXZX_P`Z^RZX`Pa_^[^VU]k]PWPT CPTXcaQ^Z^R^S^TUYabRXO  ).
]U\QP\_U`UZR[

XXedc]ZfXUY
 



OR[OUbaO_`UTc_`UVTU]XUR^TXbU[O_c ;a[X^Q]P`cVU]^]UaZ^[lZ^_`U_Obab
bU\_^TPgX_U`U\U]]^S^WRcZ^R^S^aXS RXYQ[^Zc_`PR[U]XOaXS]P[XWX`cUb^
]P[P^]P[XgXX_`U_ObabRXY_^WPTXPR Q[XVPYhU\XW]Xe

b^\^QX[O
27.24*@22



   






`Xa
  F0M0113m
7/2;9:*,78;<2
*4<2,*@2H
:PbgXZXPRb^\PbXgUaZXPZbXRX`cnbaO 1,=48,D/;2-7*521*@22 =]TXZPfXOZPZXe [XQ^]UXa_`PR]^abUY
_`XRkQ^`UWPT]UY_U`UTPgX
TPbgXZP_P`Z^RZX_^ORXbaO_`XRkQ^`U
B`XRkQ^`UWPT]UY_U`UTPgXPRb^\PbX WPT]UYaZ^`^abX]P_`XQ^`]^Y_P]U[X


 

B^ \U`U c\U]lhU]XO TXabP]fXX T^ gUaZXPZbXRX`cUbaO_U`U\U]]POWRcZ^ R\UabU a _^OR[U]XU\ a^^QiU]XO ]P




_`U_ObabRXOWRcZ^R^YaXS]P[abP]^RXb RPOaXS]P[XWPfXO
\]^S^dc]ZfX^]P[l]^\TXa_[UURa[c
aOQ^[UUgPabk\
gPUUS^RZ[ngU]XORZ^\_[UZbPfXna\

<RcZ^R^YaXS]P[ `PWTU[>^]b`^[l]kU[P\_kXa^^QiU
 abP]^RXbaOQ^[UUS`^\ZX\_^\U`U ]XO





a^Z`PiU]XOTXabP]fXX\UVTcPRb^
\^QX[U\X_`U_ObabRXU\_^WPTX]US^
 abP]^RXbaO_^ab^O]]k\Z^STPTXa


  



bP]fXO\UVTcPRb^\^QX[U\X_`U



 

_ObabRXU\abP]^RXbaO\U]UU a\X
]U\UT[U]]^ _`UZ`PiPUbaO ZPZ
b^[lZ^ TXabP]fXO cRU[XgXRPUbaO
 ^abPUbaO_^ab^O]]k\Ua[XTXabP]
 


fXO]U\U]OUbaOUa[XRTP]]^YaX
bcPfXXQcTcbWPTUYabR^RP]kbPZVU
XQ^Z^RkUTPbgXZXWRcZ^R^YaXS]P[
_`UZ`PbXbaOgU`UW_`XQ[XWXbU[l]^
aUZc]Tk_^a[UXePZbXRPfXXgb^
   

QkXWQUVPblWRcZ^R^S^aXS]P[P_`X
]P_`X\U`TRXVU]XXRT^[labU]


9:2:*+8</;9:2@/986 %"$%" 8+C2/=4*1*72H






 

:UYabRXUTPbgXZP_P`Z^RZX_`UZ`PiP &A14A@A14<<=@AJ6/;/<41  B`X_P`Z^RZUQcTlbU^a^QU]]^R]X


UbaOPRb^\PbXgUaZX_`XRZ[ngU]XXRX[ ?7?=1/<74/1A=;=07:.1= \PbU[l]kR^b]^hU]XX_`U_ObabRXY
ZX m[UZb`XgUaZ^S^ ZPQU[O _`XfU_P R 1?4;.>/?9=1971@423/=@A/4A@.</ Z^b^`kU`Pa_^[PSPnbaORkhUX]X
`PWjU\QcZaX`^R^g]^S^cab`^YabRPPR 1=37A4:49=A=?I83=:54<B0437AJ VUc`^R]OTPbgXZ^R

 


b^\^QX[O
@.1=A@BA@A177:L348=@=04<<=34  AQjUZbk`Pa_^[^VU]]kUR]U_^
:PbgXZXa]^RPPZbXRX`cnbaO_`XRk]X A487:7571=A<ID1?/8=<4;/<4 a`UTabRU]]^YQ[XW^abX^bPRb^\^
\P]XXRX[ZXZPQU[O_`XfU_PXW`PWjU\P
1?//<</.@7@A4;/=9/6I1/4A>= QX[OR]UZ^b^`ke^Qab^ObU[labRPe
;=HJ1=37A4:L9=A=?I8A4;<4 ]U^Q]P`cVXRPnbaOX\^ScbbU\aP




   

B`X\^YZUPRb^\^QX[O\^YbUTPbgXZX ;4<44<43=:54<>?7AB>:.AJ1<7





\k\]P]UabX_^R`UVTU]XUPRb^\^
Qkab`^TU`VPab`cn_P`PX[X]Pe^TO ;/<7.1=1?4;.1I>=:<4<7.=>/@ QX[nX[XaP\X^ZPWPblaO_^R`UV
iUYaO_^TRka^ZX\TPR[U]XU\\^niUY <ID;/<41?=13/544@:7=<71I TU]]k\X

VXTZ^abX]P`Paab^O]XXZPZ\X]X\c\ >=:<.LA@.</;/:=8@9=?=@A7
a\^bTPbgXZ^R
 FZPWP]XOTPbgXZ^R\^ScbXW\U]Obl
aO_^TTUYabRXU\S`OWXa]USPX[X



 

[lTP]Pe^TOiXeaO]PXe_^RU`e]^
abXX[X_^TTUYabRXU\c[lb`PWRcZ^
:.=04@>4F4<7.>?/17:J RkeaXabU\]P_`X\U`_]UR\PbXgU
<=8?/0=AI3/AF79=1<4=0 aZXeb^`\^W^RS`cW^RXZPX[X_]UR





D=37;=>=@A=.<<=>=334? \PbXgUaZXe^bQ^Y]ke\^[^bZ^RR
571/AJ7D1F7@A=;@=@A=. a[cgPUXe]Pe^VTU]XOR]U_^a`UT
<77=A;I1/.2?.6J@<427:43B3J abRU]]^YQ[XW^abX^bPRb^\^QX[O

A49?/8<41<7;/A4:J<I>?7;=894

 




3/AF79=1 <47@>=:J6B8A43:.KA=8E4



 
 
:7@BDBL7:72?B0BL14A=GJ @:7KA=
<4=0D=37;=;=5<=>=;IAJ3/AF797
F7@A=81=3=87;=LH7;@?43@A1=;
3:./1A=;=07:48

 

   

*=.28
*=.28;2;</6*
;2;</6* %"$%"





 

M[U]aKPMTUfaPWRJ :.>?/17:J<=2=@=437<4
MTXVYUPT\K`Rf <7.@@BH4@A1BLH48?/37=
:[O mZa_[cPbPfXX `PTX^\PS]Xb^[k a >=32=A=19=8=0?/H/8A4@J9=C7E7
 #Ra[cgPURZ[ngU]XORZ^\ /:J<=;B37:4?B9=;>/<771E4
 



_[UZbPfXn _`^gbXbU X]ab`cZfXX :.D>?43=A1?/H4<7.</<4@4<7.9/


_`UTabPR[U]]kURB`X[^VU]XXZCcZ^ 9=2=:70=BH4?0//1A=;=07:L
R^TabRc_^[lW^RPbU[O




   


*=.2898.-8<8,4*





`Xa
  F0M0114m
M[U]aKPMTUfaPWRJ
MTXVYUPT\K`Rf
=[\KWXMTKK]ORX[R[\PVc
D^ab^XbXW
7cTX^aXabU\PT^[V]PQkblcabP]^R[U


 

 DX[^RkeZPQU[UY ]PRa_UfXP[l]^_`UT]PW]PgU]]^\_`^


ab`P]abRUZ^b^`^U`Pa_^[^VU]^RfU]
 BU`UT]XeXWPT]Xea^UTX]XbU[l]ke b`P[l]^YZ^]a^[XSTU8k]PYTUbUcVU
ZPQU[UYTX]P\XZ^R WP`P]UURkRUTU]]kUZPQU[X

 DX[^R^S^ZPQU[OP]bU]]k


:[Ob^S^gb^QkcTP[XblZ`khZc^bTU



 `U_`^TcZb^`^RRka^ZXegPab^b]P [U]XO_`UT]PW]PgU]]^S^T[OPcTX^aX
_U`UT]XeTRU`Oe\PZa\^i]^abln abU\k]PV\XbU]PWPiU[ZXRbUe\Ua
 8bZPVTkY bPeZ^b^`kUcZPWP]k]P`Xac]ZU



  





 

 `U_`^TcZb^`^Ra`UT]XeX]XWZXe
gPab^b]P_U`UT]XeTRU`OeTXP\U
b`^\ \\\PZa\^i]^abln
8bZPVTkY
 _^[]^\PahbPQ]keTX]P\XZ^R]P
 


WPT]Xe TRU`Oe X WPT]Xe _P]U[Oe


_^TW^`^RTXP\Ub`^\  \\\^i
]^abln 8bZPVTkY
 >PQU[O`PTX^P]bU]]k

   


-:8648-8,8:HC// :*.287*,2-*@287 =[\KWXMTKZKORXWKMRNK\XZK



=;<:83;<,8;>=74@2/3



 

7*H98.-8<8,4* CPTX^]PRXSPb^`T^[VU]QkblcabP]^R
=17*,*72H-858;*
2</?7858-2/3&)#(''($I M[U]aKPMTUfaPWRJMTXV [U] R a_UfXP[l]^ _`UT]PW]PgU]]^\
M[U]aKPMTUfaPWRJ YUPT\K`Rf _`^ab`P]abRU`Pa_^[^VU]]^\RfU]b
MTXVYUPT\K`Rf `P[l]^YZ^]a^[XSTU8k]PYTUbUWP`P
D^ab^XbXW

 


]UURkRUTU]]kUZPQU[X

B^R^_`^aP\mZa_[cPbPfXXS`^\Z^S^R^  DX[^Rke`PTX^]PRXSPfX^]]keZP
`OiUS^cab`^YabRPabUe]^[^SXUY&)# QU[UY
(''($I Ra[cgPURZ[ngU]XORZ^\_[UZ %"$%"
bPfXna\
B`X[^VU]XUZCcZ^R^TabRc  D^UTX]XbU[l]keZPQU[UY_U`UT]U




   





S^XWPT]US^TX]P\XZ^R :.>?/17:J<=2=@=437<4<7.
_^[lW^RPbU[O
@ @BH4@A1BLH48 >=32=A=1
 DX[^R^S^ZPQU[OP]bU]]k 9=8=0?/H/8A4@J9=C7E7/:J<=;B37
:4?B9=;>/<771=76045/<749/
 `U_`^TcZb^`^RRka^ZXegPab^b]P 9=2=:70=BH4?0//1A=;=07:L
_U`UT]XeTRU`Oe\^i]^abln 8b



 

ZPVTkY
 `U_`^TcZb^`^Ra`UT]XeX]XWZXe
gPab^b]P_U`UT]XeTRU`OeTXP\U
b`^\ \\\^i]^abln 8bZPV





TkY
 _^[]^\PahbPQ]keTX]P\XZ^R]P
WPT]XeTRU`OeX_P]U[Oe_^TW^`^R

 




TXP\Ub`^\   \\ \^i]^abln



 
 
 8bZPVTkY
 CPTX^P]bU]]k
 @PRXSPfX^]]^YP]bU]]kaXS]P[#%

 

 >PQU[O`PTX^P]bU]]k
 >PQU[O ]PRXSPfX^]]^Y P]bU]]k
aXS]P[#%

   

.898572</5E7D/ %"$%" :*.289/:/.*<A242




 2;8<8,D/</5/>87D
 

;2;</6D B3JA4 1<7;/A4:J<I >?7


9:28+:/<*/6D/ B@A/<=1943=>=:<7A4:J<ID B`XU\]^UX_U`UTPniUU`PTX^^Q^`c
,5*./5E@/6 @>=8:4?=137@9=176:4297D@>:/1=1 T^RP]XU]P_`X\U`^_`UTU[U]]kUbX
*,<868+25H 7:7<4GA/A<ID9=:>/9=1-=<7;= _k\^QX[l]kebU[Ud^]^R[nQXbU[l
 



2BABDB3G7AJ14<A7:.E7LA=?;=6=1 aZXU`PTX^bU[Ud^]kXb
_
T^[V]kXa
;a[X_^a[U_`X^Q`UbU]XOPRb^\^QX[O @<75/.A4;@/;I;7DKCC49A71 _^[lW^RPblaOR]cb`XPRb^\^QX[Ob^[l
8k`UhXbUcabP]^RXblT^_^[]XbU[l]kU <=@AJ>?7?469=;7:7;<=2=9?/A Z^Ra[cgPUcabP]^RZXa_UfXP[l]^YP]
m[UZb`XgUaZXUaXabU\kb`UQcniXUca <=;A=?;=54<777:73=:2=;@>B@ bU]]k]PUS^Z`khU

bP]^RZX _^ab^O]]^Y m[UZb`XgUaZ^Y





   


94@2=?I*@A?/<7A4:L0I4>?4>.A





_`^R^TZXaXS]P[XWPfXna_cb]XZ^Rcn F>7<7@=;=a_^[lW^RP]XU_^T^Q]ke
@A17.9>=:<=;B</5/A7L>43/:48 cab`^YabRR]cb`X_PaaPVX`aZ^S^aP[^
_`^bXR^cS^]]cnaXabU\cXb
T
X[XZP 9=1?7977A>
ZXU [XQ^T^_^[]XbU[l]kUaXabU\kZ^ ]PQUWa_UfXP[l]^YP]bU]]ka^WTPUb
b^`kUcRU[XgPb]PS`cWZc]PaciUabRcn `PTX^gPab^b]kUm[UZb`^\PS]Xb]kU_^
icn m[UZb`XgUaZcn _`^R^TZc ^Q`P [OZ^b^`kUQcTcgXcaX[U]]k\X`UW^


 


iPYbUalZ^dXfXP[l]^\cTX[U`cZ^\ ]P]a]k\mddUZb^\R]cb`XaP[^]P\^
_P]XX,(4
>RP[XdXfX`^RP]]kY_U`a^ VUb_`XRUabXZ]UXa_`PR]^abXhbPb]ke
]P[PRb^`XW^RP]]^S^TX[U`P]Ub^[lZ^ m[UZb`XgUaZXeaXabU\PRb^\^QX[O
Jb^
_`UT[^VXb8P\]PXQ^[UU_^Te^TOiXU \^VUb_`XRUabXZa]XVU]Xnc`^R]OQU
W^_Pa]^abX X abPbl _^bU]fXP[l]^Y




cab`^YabRPXWPaa^`bX\U]bP,/+())+3
302,,(4]^X^fU]Xb]PaZ^[lZ^hbPb ^_Pa]^ablnT[O_PaaPVX`^R

]POm[UZb`XgUaZPOaXabU\PPRb^\^QX[O >`^\Ub^S^_U`UTPgPX_`XU\mbXeca
a_^a^Q]PRkTU`VPblb`UQcU\cn]PS`cW b`^YabR\^ScbQkbl]P`chU]kmZ`P]X


  



Zc X[X ]U^Qe^TX\P cabP]^RZP Q^[UU





`cniX\mddUZb^\ZcW^RPPRb^\^QX[O


 

\^i]^S^PZZc\c[Ob^`P

Ib^ZPaPUbaOaU`bXdXfX`^RP]]ke;R`^
_UYaZX\a^^QiUabR^\\^QX[l]kebU[U
d^]^R% #$%' &%ab`^S^a^
Q[nTPYbUX]ab`cZfXX_^Xe_`X\U]U
 


]Xn_`UT^abPR[U]]kU_`^XWR^TXbU[O
\XmbXebU[Ud^]^R

   


7**,<81*9:*,8A783 .21/5E7D/.,2-*</52
%4=0D=37;=6/>?/1:.AJ/1






 

;<*7@22 B`X]XWZXebU\_U`Pbc`PePb\^adU`]^ A=;=07:JA=:J9=3764:J<I;


+/71278,D/.,2-*</52 S^R^WTcePTXWU[l]^Ub^_[XR^ScabUUb A=>:71=;3:./1A=;=07:48
_^ _`XgX]U ^Q`PW^RP]XO _P`PdX]^R 1 @==A14A@A177 @ 41?=>48
=a_^[lWcYbUb^[lZ^QU]WX]QUWa^TU` gb^\^VUb_`XRUabXZWPa^`U]Xnb^_ @97;@A/<3/?A=;
"@>=:J6=

 
VP]XOaRX]fP



[XR]^S^dX[lb`P
1/<74 3?B27D <4CA4>?=3B9A=1 7:7
@;4@48;=54A>?714@A79<4>=>?/17
8fU[Oe_`UT^bR`PiU]XO^hXQZXTX 8fU[Oe_`UT^bR`PiU]XOTP]]^Y]UXa ;=;BBH4?0B3:.3172/A4:.6/9=A=
P\Ub`WP[XR]^YS^`[^RX]kb^_[XR]^S^ _`PR]^abXXa_^[lWcnbaO`PW[Xg]kUbX ?I;>=@:43B4A@<.A742/?/<A77>=
QPZPPRb^\^QX[O\U]lhUTXP\Ub`P_X _kTXWU[l]^S^b^_[XRPRWPRXaX\^abX >?7F7<4</<4@4<<=2=BH4?0/@:B




   





ab^[UbP T[O QU]WX]P a a^TU`VP]XU\ ^b aUW^]P [Ub]UU b^_[XR^ WX\]UU X F/4=G70=F<=86/>?/1970/9/A=>:7
aRX]fP
=a_^[lWcYbUQU]WX]a`PagUb P`ZbXgUaZ^Ub^_[XR^T[Oe^[^T]keX 1=;3?B2=2=A7>/<46/>B@9/8A4317
]k\^ZbP]^Rk\gXa[^\]U]XVU
S^`]ke`PY^]^R
2/A4:J7=>=?=5<7A4A=>:71<I80/9
F>7<7@=;@UZPgUabRU]]kYZPbP[XWP <P_`PRZPTXWU[l]k\b^_[XR^\]Ua^^b @:73172/A4:JB54B@>4:>=?/0=A/AJ
b^`_`XR^TXbZRkQ`^acR`UT]keRk RUbabRcniX\b`UQ^RP]XO\UR`^_UYaZ^ </+<4>?/17:J<=;,A=>:714A=>=;7



 

e[^_]keSPW^Ra_^a^QabRcObU\aP\k\ S^abP]TP`bP! \^VUb_`XRUabXZ ;==>=?=5<4<7.0/9/<4=0D=37;=
WPS`OW]U]XnR^WTceP
]U^Qe^TX\^abXQ^[UUgPab^YgU\mb^ A/954@:7AJA=>:71=761@48A=>:71
cZPWP]^R9`PdXZUbUe^Qa[cVXRP]XOWP <=8@7@A4;I/1A=;=07:.
F>7<7@=; @XZ^STP ]U Xa_^[lWcYbU
QU]WX]aa^TU`VP]XU\aRX]fPTPVUR \U]Ub^_[XR]^S^dX[lb`P





\P[keZ^[XgUabRPeXTPVURa[cgPUmZa
b`U\P[l]^Y aXbcPfXX _^aZ^[lZc mb^
\^VUb_`XRUabXZ]UR^a_^[]X\^\c_^
R`UVTU]XnZPbP[XWPb^`P

 






 
 
 

   

%"$%" 1*C2<*





 

%43=>B@9/8A4>?7@BA@A17. 84:=0*GC/3;:/.D
=A9?IA=2= =2<. 7:7 6/ :[Oa]XVU]XOZ^[XgUabRPR`UT]keRU
554<<=8 @72/?4AI B 2=?:=17<I iUabRR^b`PQ^bPRhXeSPWPePRb^\^QX
A=>:71<=2=0/9/>=@9=:J9BKA=;= [UYaQU]WX]^Rk\TRXSPbU[U\_`X\U]O
 



54A>?714@A79=>/@<=@A71=62=?/ nbaOa[UTcniXUcab`^YabRP
<7. %4 </9:=<.8A4@J @:7G9=;
0:769=92=?:=17<4FA=0I<413=D  b`^Y]^YZPbP[XbXgUaZXY]UYb`P[X
<BAJ1?43<I4>/?I WPb^`



   






`Xa
  F0M0138m
 [O\QTP W^]TZXa[^`^T]kYTPbgXZ
 PQa^`QU`_P`^Rb^_[XRP

4:DB4*-8:58,27D:R[


>`^\Ub^S^]UWP_caZPYbUTRXSPbU[l
:[ORk_^[]U]XOWP_`PRZXb^_[XRP^b TPVURZPgUabRU_`^RU`ZXa^T]^YX[X


 

Z`^YbU[ng^Z X^bZ`cbXbU_`^QZc


Q^[UU^ba^UTX]U]]k\XaRUgP\XWPVX
_`^QZPa]PQVU]Pab`Pe^R^g]k\cab`^Y SP]XO

abR^\Z^b^`^UZ`U_XbUUZ[ngZc]P
a[cgPY_^bU`X
:[O a]XVU]XO RkQ`^a^R TXWU[l]^S^
TRXSPbU[O_`X\U]OnbaOa[UTcniXUca


8`OTUZ^\_[UZbPfXY_`^QZP ^a]PiU



b`^YabRP
]PbPZVUWP_^`]k\cab`^YabR^\T[O
^bZ`kbXOZ^b^`^S^a]PgP[P]U^Qe^TX ^ZXa[XbU[l]kYZPbP[XbXgUaZXY]UYb
\^^bZ`kbl[ng^ZWPbU\_^RU`]cbl `P[XWPb^`
Z[ngWPVXSP]XO_`^bXRgPa^R^Yab`U[


  





 

aXabU\P`UfX`Zc[OfXXRke[^_]keSP
ZXX^bZ`cbXbl_`^QZc
W^R

$


9U`\UbXg]^abl WPZ`kbXO b^_[XR]^S^ aPVURkYdX[lb`#


QPZP \^VUb _`XRUabX Z ]UQ^[lh^\c
cRU[XgU]XnTPR[U]XOR]U\_^mb^\cUa ZXa[^`^T]kUTPbgXZXSTU_`UTca\^
 


[X_`X^bZ`cgXRP]XX_`^QZXRkYTUb]U b`U]^

Z^b^`^UZ^[XgUabR^_P`^Rb^_[XRPb^
mb^PQa^[nb]^]^`\P[l]^

8^R`U\OWP_`PRZXWPZ`U_XbU_`^QZc]P
   

dXZaPb^`Pe `Pa_^[^VU]]ke R]cb`X


[ngZPZPZmb^_^ZPWP]^]PZR[


%"$%" >25E<:98-58C/72H B`X ]^`\P[l]^Y `PQ^bU PRb^\^QX[O



A*;<2@ Q[^Zc_`PR[U]XOTRXSPbU[OWP_XakRPUb



 

'?7 <=?;/:J<=8 ?/0=A4 M[U]aKPMTUfaPWRJ ]PQ^`TP]]ke]P_`X\U`R`U\O_cbU


C7:JA?>=2:=H4<7.F/@A7E MTXVYUPT\K`Rf hUabRXObX_\P`h`cbPbU\_U`Pbc`cX
</2?41/4A@.'=KA=;B<4>/? b
T
PbPZVURkagXbkRPUbaZ^[lZ^gP
9B8A4/G/1A=;=07:J</32=?LF7 GX[lb` _^S[^iU]XO gPabXf OR[OUbaO abXfQk[^_^S[^iU]^dX[lb`^\

 


;7 ;/A4?7/:/;7 A?/1=8 @BD7;7 \UeP]XgUaZX\dX[lb`^\Rab`^U]]k\R
:7@AJ.;7D1=487A>1=76045/ Rke[^_]cnaXabU\cZ^b^`kYdXWXgUa B^aZ^[lZcdX[lb`dXWXgUaZX_^S[^iP
<747D1=62=?/<7. ZX[^RXbgPabXfk_`XacbabRcniXUR UbgPabXfkb^b`UQcUbaOUS^`USc[O`
Rke[^_]keSPWPeTXWU[l]keTRXSPbU[UY
]POgXabZPR^aabP]^R[U]XU_cbU\aVX
SP]XOgPabXf




   





GX[lb`_^S[^iU]XOgPabXfQk[_`X]Ob
%"$%" Z_`X\U]U]XnRfU[Oe_`PZbXgUaZX_^[ B`^fUTc`PR^aabP]^R[U]XOc_`PR[OUb
]^S^cab`P]U]XORkQ`^aPgPabXfRa^^b aOPRb^\PbXgUaZXQ[^Z^\c_`PR[U]XO
'?7 <=?;/:J<=8 ?/0=A4 RUbabRXXaaciUabRcniX\X QcTciX\X TRXSPbU[ORWPRXaX\^abX^ba^ab^O]XO
9/A/:76/A=? </2?41/4A@. _`PRX[P\XWPiXbk^Z`cVPniUYa`UTk
dX[lb`PPbPZVUca[^RXYmZa_[cPbPfXX
'=KA=;B<4>/?9B8A4/G/1A=;=



 

PRb^\^QX[O

07:J</32=?LF7;7;/A4?7/:/;7
A?/1=8@BD7;7:7@AJ.;7D1=487 8^R`U\ORk_^[]U]XO_`^fUTc`kR^a
A>1=76045/<747D1=62=?/<7. abP]^R[U]XO\^ScbX\Ubl\Uab^a[UTc
niXUOR[U]XO]UZ^b^`^UcRU[XgU]XU





e^[^ab^S^e^TPRZ[ngU]XURU]bX[Ob^
`PcRU[XgU]XUTk\]^abXRke[^_PRk
a^ZPO bU\_U`Pbc`P Rke[^_]ke SPW^R

:P]]kUOR[U]XO]UT^[V]k`Paa\Pb`X

 




RPblaORZPgUabRU]UXa_`PR]^abUY_^



 
 
aZ^[lZc^]X]UR[XOnb]P`PQ^bcX]U
]P]^aObR`UTP^Z`cVPniUYa`UTU

8a[cgPU_^OR[U]XOa_UfXP[l]^S^a^^Q
iU]XOa\
`PWTU[>^]b`^[l]kU[P\_k

 

Xa^^QiU]XO

   

 
 





 


H=DE@9=?FG8IEFIJ@                      
I@IJ=D8GH=<KGH=><=E@S
 



FE=GH@IJ=;EKJFD
H=DE=9=?FG8IEFIJ@                       

GH=<E8JS>@J=C@                           



   







9=?FG8IE8SG=H=:F?B8<=J=A               
GF<;FJF:B8BKIJ8EF:B=
I@IJ=DP9=?FG8IEFIJ@
<CS<=J=A% &#$$!'                



 


LHFEJ8CQEP=:F?<KOEP=GF<KOB@

9=?FG8IEFIJ@                             
9FBF:P=:F?<KOEP=GF<KOB@
9=?FG8IEFIJ@                              







  





 

 
    

110

6+23.'+-45&73478.






 

.7541A-4(&3.+6+23+/
'+-45&73478.VNW

H]d]et ic]\k]j eX\]ZXjt jXb ojfYs


ig`eXYscXghWdXW`fg`hXcXiteXig`e

 


bkbh]icX
NjfYs_Xbh]g`jth]d]etY]_fgXiefij`
Zf_td`j]it_XW_sofb& `ZijXZtj]][f




   



ZghW^bk( _XdbXjXbojfYshX_\XciW



h`i  F0M0040m h`i  F0M0041m

q]cofb_XdbX 
<cWZsjXib`ZXe`Wh]deW]ic`fe_XYcf Bf[\XXZjfdfY`ctgh`gXhbfZXeeXbhk H]de`Y]_fgXiefij`_X\e][fi`\]e`W
b`hfZXeieXoXcX\Xaj]]dkidfjXjtiW jfdibcfe]d]mXe`_dbXjkpb`df^]j _Xij][`ZXvjiWbXbgfbX_XefeXVNW 
_Xj]diefZXgcXZefY]_hsZbfZgfjW Ycfb`hfZXjtiWujfefhdXctef D]mX



 

e`j]_Xe][f  e`_dbXjkpb`gh]\fjZhXqX]jficXYc]
e`]cWdb`gh`h]_b`mhsZbXm`c`h]_
NjfYsfjij][ekjth]d]etY]_fgXiefi bfd jfhdf^]e`` XZjfdfY`cW gh`
j`eX^d`j]eXbefgbk7 Gh`\]h^` ijfcbefZ]e```c`\Z`^]e``eXgfZf
ZXaj]h]d]ethkbfagfbXfee]idfjX hfj]iYfctpfaibfhfijtv 





]jiWojfYsgh]\fjZhXj`jt][fg]h]bhk
o`ZXe`]  ?X\e]]i`\]e`]ieXY^X]jiWjh]mjfo]o
esd`h]deWd`Y]_fgXiefij`i`e]hn`
@e]hn`feeXWbXjkpbXgf_ZfcW]jh]d feesd`bXjkpbXd` 

 


evXZjfdXj`o]ib`gh`igfiXYc`ZXjtiWb





 
 
j]ckgXiiX^`hXgh]\fijXZcWW]dkiZf
Yf\k\]aijZ`a  
=PXKQSWKT]PXKUXYZU^
A[S\ Z[SOMSQPXSSKM

 

]YWYLSVJ

   
0 
5=9<3=97 7.78+2&





 

?YWXS]Pb]YM\V^bKPMXP 56+*956+,*+3.C
RKZXYNY\]YVUXYMPXSJZK\ 43+56.78+)39842
\KQS[fXKRKOXPW\SOPXSSXPZ[S 6+23+'+-45&73478.
\]PNX^McSP\J[PWXJWSLPRYZK\XY
 

8ZjfdfY`ctieXY^]ei`ij]dfagh]\k



\]SZ[PO\]KMVJi]\YLYT\P[gPRX^i
YZK\XY\]gOVJ]P`U]YXK`YOS]\JXK gh]^\]e`Wfe]gh`ij][ekjfdh]de]Y]
ZP[POXS`\SOPXSJ` _fgXiefij`if_ZkbfZsdi`[eXcfdbf
jfhsaZd]ij]iZbcvo]e`]dbfejhfct
efacXdgs eXgh`YfhefagXe]c`gh]



   






h`i  F0M0042m
\kgh]^\X]jZf\`j]cWfe]fYmf\`dfi
j`gh`ij][ekjth]d]etY]_fgXiefij` 
KB8?8E@= GhXZ`cteXW l`biXn`W 5=9<3=97
ig`eb` bh]icX [XhXej`hk]jiW ]ic` CLPOS]P\g b]Y \ZSXUK ?ZkbfZfai`[eXcdf^effjd]e`jt\f
TbhXieXWgfcfibXUeXfjb`\sZXvq`m U[P\VKXKOPQXYRKU[PZVP ic]\kvq][f_XgkibX\Z`[Xj]cWic]\k


 


iWhsoX[Xmig`efbbh]i]cYfctp]e] XK\YLPS`\]Y[YXb]YLfZ[POY]M vq`dfYhX_fd


Z`\eX TBhXieXWgfcfibXUlXbj`o]ib` [K]S]gPPOMSQPXSPMZP[POM\V^bKP  Gh`ij][e`j]h]de`Y]_fgXiefij`
gfbX_sZX]jojfig`ebXbh]icX_Xl`bi` [PRUYNY ]Y[WYQPXSJ b]Y WYQP] Zf\`j]cW`g]h]\e][fgXiiX^`hX
hfZXeX e]ghXZ`ctef  KY]\`j]it ojf Z[SMP\]SU][KMWPZK\\KQS[YM
 GfijXZtj]bcvo_X^`[Xe`WZgfcf


ig`ebXbh]icX_Xe`dX]jghXZ`ctef]gf



cf^]e`]gh`ujfdZs\fc^eskics ^]e`]
pXjtq]cofb_XdbX   Gf\f^\`j]fbfcf i]bke\`_X
KB8?8E@=Gfic]jf[fbXbi`\]e`W j]dfjij][e`j]f\`e`_h]de]aY]


  





_fgXiefij`

 

_Xbh]gc]esZgfcf^]e``k\fYefd\cW
gf]_\b`ZfiijXefZ`j]gfcf^]e`]h]d NjfYsfjd]e`jtjXbf]gh]\kgh]^\]
e]aY]_fgXiefij`ojfYsgf\[fjfZ`jt e`]ifZi]dfYhXj`j]itb\`c]hkbfd
`mb`igfct_fZXe`v  gXe``-(4
I`ij]dXgh]\kgh]^\]e`Wfe]gh`ij][
 


ekjfdh]de]in`lhfZsd\`igc]]ddf
^]jYsjteXijhf]eXjfctbffl`n`Xct
esd\`c]hfdbfdgXe``-(4 
   

I`ij]dXgh]\kgh]^\]e`Wfe]gh`ij][
ekjfdh]de]idef[flkebn`feXctesd
\`igc]]ddf^]jYsjteXijhf]eXjXb^]
o]h]_d]evTeXijhfabXU
112

56+*3&8C,.8+1. 5=9<3=97 4)6&3.=.8+1.97.1.C






 

<cWkZ]c`o]e`Wull]bj`Zefij`\]aij ?[POXK]JQS]PVg WYQP] <cWgfZsp]e`WY]_fgXiefij`gXiiX^`


Z`Wh]de]aY]_fgXiefij`XZjfdfY`ct S\ZYVgRYMK]g\J  ]YVgUY hXbXjkpb`h]de]aY]_fgXiefij`g]
ieXY^X]jiWgh]\eXjW^`j]cWd` Rj`ki YOSX[KR?Y\VP\]YVUXYMPXSJMf h]\e`mi`\]e`a`d]vjf[hXe`o`j]ct
jhfaijZXZickoX]i`ctef[fijfcbefZ] RMKMcPNY PNY \[KLK]fMKXSP PNY ki`c`Wbfjfhsagf_ZfcW]jkijXefZ`jt

 


e`Wkd]etpXvj\c`ekh]de]aY]_fgXi \VPO^P]RKWPXS]g^Y_SaSKVgXYNY bfejhfc`hk]df]ficXYc]e`]jXbojfYs
efij`eXe]ibfctbfiXej`d]jhfZ JXb`d OSVP[KUYWZKXSS$,A[YUOPT\] \f_`hfZXjti`ckZf_\]aijZkvqkveX
fYhX_fdfe`fY]ig]o`ZXvjjfojfh] MSJ Z[POXK]JQS]PVJ ^UKRKX XK [hk\ekvbc]jbk`gc]o`ZfZh]dWk\]h
d]etgcfjefi`\`jeXgXiiX^`h]\fj]m cSVgOSUPMHLK[OKbUPI Z[POXK]J ^`ZXvq][f\]aijZ`Wh]deWZickoX]cf
YfZf[fijfcbefZ]e`W 




   

gfhgfbXe]eXoe]jiW][fk\]h^`ZXv QS]PVS\VPO^P]RKWPXS]g^Y_SaS





q]]\]aijZ`]  KVgXYNYOSVP[KUYWZKXSS$,[KXPP
h]YTOK]f
9cfb`hfZbXh]de]aY]_fgXiefij`gfbX
_sZX]jojfghf`_fpcfihXYXjsZXe`]
kijhfaijZh]d]etY]_fgXiefij`e]df



 

^]jYsjtZjWekjeX_X\\X^]]ic`][f
eXghXZcWjthkbfa 
>ZP[KaSSUY]Y[fPMPO^]U
KB8?8E@= NjfYs gfcko`jt dXbi` ^OK[KWMSL[KaSJWSVSVY
dXctekvull]bj`Zefijt\]aijZ`Wgh]\ UKVgXYW^ XKN[PM^ \MfcP





eXjW^`j]c]aeX\]ZXaj]h]d]etY]_f YAM]PbPXSPWKU\SW^W
gXiefij`jXbojfYsfegcfjefgh`c] bK\YM M [KTYXP Z[POXK]JQS]PVPT
[Xcb[hk\``jX_k  WYN^]MfRMK]gS`ZYM[PQOPXSPSVS
Df^]jgfWZ`jtiWe]Yfctpfa\sdfb \[KLK]fMKXSP=Kh]S^\][YT\]MKXP

 






 
 
Rjfe]jfbi`oesa\sd`e]gh]\ijXZcW OPT\]M^P]MSL[KaSJMfRMKXXKJXP
]jk[hf_sgf^XhX  [YMXY\]JWSOY[YQXYNYZYU[YMKSVS
XPMf\YUSWSZ[PZJ]\]MSJWS]KUSWS
Gh]\eXjW^`j]c`e]jh]YkvjbXbf[fc` UKUYLYbSXKS]Z8KUYX\^Vg]KaSPT
Yfkmf\X`c`idX_b`  YL[KdKT]P\gUY_SaSKVgXYW^OSVP
[^UYWZKXSS$,

 

:i]ojf`_d]eW]j`mg]hZfeXoXctef]
ifijfWe`]ie`^X]j`mull]bj`Zefijt 
=ic`gh`e]fYsoesmgh`hf\esmWZc]
e`WmeXZf\e]e`]pjfhd`j g gh]\

   
eXjW^`j]ctgf\Z]h[iWZf_\]aijZ`vZf
\s`[hW_`][ffYW_Xj]ctefek^ef_X
d]e`jt 







 

 





   






h`i  F0M0043m h`i  F0M0044m h`i  F0M0045m

4'?.+.378690<.. H]de`Y]_fgXiefij`jXb^]eX\]ZXvjiW 9]_kicfZef fe` \fc^es gfd]ij`jt


54.7541A-4(&3.B Y]h]d]eesd`h`ibgfcko]e`WjhXZds e`^evvoXijth]deWfo]ete`_bfjXb
6+23+/'+-45&73478. ZickoX]XZXh``_eXo`j]ctefie`^X]jiW ojfYsfeghfmf\`cgf\^`Zfjfdidf


 


\cWe`m]ic`fe`gh`ij][ekjsh]de]d jh`VNW
:f\`j]ct`][fgXiiX^`hsjXb^]\fc Y]_fgXiefij` 
^]eZsgfceWjtZi]d]ijes]h][cXd]e
jXn``Zfjefp]e```igfct_fZXe`Wh]d
e]aY]_fgXiefij` :i][\Xgh`ij][`ZXa 5=9<3=97




j]ith]de]dY]_fgXiefij`gh]^\]o]d @PWPXgXPOYVQPXLf]gZP
eXoXjt\Z`^]e`] [PU[^bPX 5P[`XJJ bK\]g
OYVQXKZ[Y`YOS]gZYZVPb^SZP[P
\PUK]gN[^OgZYOSKNYXKVS=SQXJJ


  





 

bK\]gOYVQXKZ[SVPNK]gU]KR^KXP
UQSMY]^ZK\\KQS[K\WY][S[S\

=PS\ZYVgR^T]PXSUKUSPYLePU]f
\]P[QXS\]YZY[fS]ZOVJY]]J
NSMKXSJ[PWXJY]]PVK
 
    

114

5=9<3=97 5=9<3=97 5=9<3=97






 

6VJ WKU\SWKVgXYT LPRY 7\VS[PWPXgLfVZYOMP[N =SUYNOK XP \KQKT]P


ZK\XY\]SOP[QS]P\ZSXU^ X^]\SVgXYTXKN[^RUPXK [PLPXUK\PLPXKUYVPXSS
MKcPNYU[P\VKZ[JWYTY]UVYXS]P\g Z[SWP[M[PR^Vg]K]PKMK[SSPNY XP Z[S\]PNSMKT]P\g \ XSW YOXSW
XKRKOU\ZSXUPS^LPOS]P\gM]YW \VPO^P]ZYVXY\]giRKWPXS]gMWP\ [PWXPW LPRYZK\XY\]S =P

 


b]Y[PWPXgZVY]XYZ[SQSWKP]\JU ]P\U[PZVPXSJWSMSX]KWSSZ[PO Z[S\]PNSMKT]P[PWPXgLPRYZK\XY\]S
MKcPTN[^OSSLPO[^?[YMP[g]P XK]JQS]PVJWS6KQPP\VSXK[PW ]KUb]YLfWPQO^MKcSW]PVYWS
b]YLf[PWXSLPRYZK\XY\]SXKZK\ XPXP]MSOSWf`OP_PU]YMYXWYN [PWXPW XK`YOSVS\g PdP UKUSP
\KQS[K`XKZP[POXPWSRKOXPW\S ZY]P[J]g\MYihVK\]SbXY\]g XSL^OgZ[POWP]f




   

OPXSJ`LfVSZ[S\]PNX^]fM\PM[P





WJ5fZYMfcKP]P[S\U\P[gPRXYT
][KMWfSVS\WP[]SZ[S\]YVUXYMP
XSSP\VSPROS]PXPZ[S\]PNX^McS\g
[PWXPWLPRYZK\XY\]S



 

5=9<3=97
=SZ[SUKUS`YL\]YJ]PVg\]





MK` UYWZYXPX]f [PWXPT


LPRYZK\XY\]SSZ[POXK]JQS]PVPTXP
OYVQXf[PWYX]S[YMK]g\JSVS\XS
WK]g\J\KWY\]YJ]PVgXY;iLKJYZP

 




[KaSJOYVQXKMfZYVXJ]g\JUMKVS



 
 
_SaS[YMKXXfWZP[\YXKVYWSWPi
dSW\YY]MP]\]M^idSPZYVXYWYbSJ
5\PNOKYL[KdKT]P\gUY_SaSKVgXY
W^OSVP[^UYWZKXSS$,

 

   

B8BIFMH8E@JQH=DE@9=?FG8I '+-45&73&C5+6+(4-0&*+8+/




 EFIJ@:MFHFO=DIFIJFSE@@
 

:sgfceWaj]ic]\kvq]]
<cWfgj`dXctefa_Xq`jsZickoX]XZX ;hkggX VZ]ifd  b[
 `igfct_kaj]h]d]etjfctbfZmfhf h``Zi]gXiiX^`hs\fc^esYsjtgh`
pfeXjWekjfdifijfWe``e]g]h] ij][ekjsiffjZ]jijZkvq]ai`ij]dfa ;hkggX  VZ]ifd  b[
 



bhko]eesa ghfZ]htj] ojfYs fe Y]_fgXiefij` ;hkggX


VZ]ifd b[
idXjsZXciW
hX_dXjsZXciW Y]_ _X
jhk\e]e`a Rjf]q]Yfc]]ZX^ef\cW\]j]a  ;hkggX VZ]ifd  b[
: iffjZ]jijZ`` i <`h]bj`Zfa =I ;hkggX VZ]ifd b[



   


 gfic] i]ht]_efa XZXh`` _Xd]e`j]







h]d]et`igfct_fZXeesaZujfZh] 

=I ujf jh]YfZXe`] WZcW]jiW
fYW_Xj]ctesdZfZi]mijhXeXm=I BXbdf^ef_Xd]j`jt[hkggsoXij`oef
dW\X^]]ic`fee]Zs[cW\`jgf g]h]bhsZXvj\hk[\hk[X`lXbj`o]ib`
Zh]^\]eesd :i][\X_Xd]eWaj]h]d GfihXZe]e`viZ_hficsd`[fcfZXh] eXhseb]df^efeXaj`kijhfaijZXbf
e`Y]_fgXiefij`]ic`gh]\eXjW^` Y]ebX_eXo`j]ctefYfctp]`jW^]c]] jfhs]fjefiWjiWYfc]]o]dbf\efaZ]


 

j]c`ihXYfjXc` o]d fijXctef] j]cf Z jf Zh]dW bXb




ifZfa[hkgg]
 ojfYsgfo`ij`jth]de`gfdfaj]`m ijhkbjkhXdspn`bfij]ae]gfcefijtv
ilfhd`hfZXcXit Gfujfdke]fYmf\`ds :i]kijhfaijZXY]_fgXiefij`\fc^es
Zhkoekve]ajhXctesddscfdfgf `d]jt`elfhdXn`vfi]hj`l`bXn``X
cfie`j]`fijXZtj]ifmekjtZj]e` i`ij]ds Y]_fgXiefij` fjc`oes] fj
h]de]aY]_fgXiefij`\cWZ_hficsm H] jXb^]dXhb`hfZbkeXghfoefgh`bh]g


E]`igfct_kaj]i`ctesmdfvq`m



_kctjXjs`iic]\fZXe`ackop`mi`ij]d c]eefdp`ct\`b]bfjfhsae`bf[\Xe]
ih]\ijZfjY]c`ZXj]c]abhXi`j]c]a \fc^]eie`dXjtiW
`c`\hk[`mm`d`o]ib`mZ]q]ijZbf Y]_fgXiefij`\cW\]j]afjhX^]esZ=Z
jfhs]df[kjficXY`jtghfoefijtZf hfg]aibfdIjXe\Xhj]==I# Rjfj
cfbfe ijXe\Xhjh]bfd]e\k]ji`ij]dsY]_f


  





 

gXiefij`hX_Y`js]eXgWjt[hkgg
 gh]\fmhXeWaj]bXjkpb`fjgfgX\X
e`WZe`mZf\s`m`ighXZeXWhXYf
jX[XhXej`hk]jiWjfctbf]ic`Zf\X
e]gfgX\X]jZekjht
 


 _Xd]eWaj]h]de`Y]_fgXiefij`]i
c`Z`\efojffe`_eXo`j]ctef`_
efp]es`c``d]vjic]\seX\h]_fZ 
   

116

Gh`hfij]Yfc]]  dijfob`_h]e`W 5=9<3=97 5=9<3=97



i`ij]dY]_fgXiefij`\]j`io`jXvjiW



 

Z_hficsd``gh`ij][`ZXvjiWpjXjesd` ?[SKU]SMS[YMKXXYTMYR A7@F78=3G>?3A=>ABF


h]deWd`Y]_fgXiefij`XZjfdfY`cW  O^cXYTZYO^cUPLPRYZK\ 7\VSKL\YVi]XYXPYL`YOS
XY\]SZK\\KQS[KXSUYNOKXP\]KMg WYZP[PMYRS]g[PLPXUKXK
-0*())*3312--(4gh]\cX[X]jbh]icX\cW ]POP]\USPU[P\VKZ[Y]SM`YOKKM]Y ZP[POXPW ZK\\KQS[\UYW

 


bX^\faZ]ifZfa[hkggsbfjfhs]h]bf WYLSVJ]KUUKU\[KLK]fMKXSPMYR \SOPXSSMOP]\UYWU[P\VP
d]e\kvjiW\cWujfadXhb`XZjfdfY`cW O^cXYTZYO^cUSWYQP]Z[SbSXS]g ^\]KXYMVPXXYWZ[Y]SMOMS
jXbbXbfe`Ysc`ig]n`XctefhX_hXYf [PLPXU^\P[gPRXfP][KMWfOKQP QPXSJ KM]YWYLSVJ Y]UVibS]P
jXes``igsjXes\cWe][f  \WP[]gXPRKMS\SWYY]\P[gPRXY\ _[YX]KVgX^iSLYUYM^iZYO^cUS




   

]SKMK[SSUY]Y[KJMfRMKVKPP\[K LPRYZK\XY\]SZP[POXPNYZK\\KQS[





LK]fMKXSP@PUYWPXO^P]\JZP[PMY \UYNY\SOPXSJOVJRKdS]fN[^OXYT
RS]gOP]PT]YVgUY\\YY]MP]\]M^i UVP]USS]KRKP\VSZ[PO^\WY][PXf
dPT\S\]PWYTLPRYZK\XY\]SXKRKO \ZYWYdgiWPXi+ ,-)XK\][YTUK
XS`\SOPXSJ`]KUUKUh]YXKSLYVPP S RK]PW Z[YMP[g]P UYX][YVgX^i
RKdSdPXXYP ZYVYQPXSP M \V^bKP VKWZ^ F XKZKXPVS\SNXKVSRKaSS



 

KMK[SS b]YLf^LPOS]g\Jb]YZYO^cUSOPT
\]MS]PVgXY Y]UVibPXf ?P[POXPP
ZK\\KQS[\UYP \SOPXSP OYVQXY
Lf]gWKU\SWKVgXYY]YOMSX^]YXK





RKOb]YLfZ[POY]M[K]S]gUYX]KU]
WPQO^OP]\USWU[P\VYWSZ[SLY[
XYTZKXPVgi

 






 
 
 

   






 

 





   






h`i  F0M0046m h`i  F0M0047m h`i  F0M0048m

)VYUUF N  )6955&


 )6955& 
<]j]aZ]ifd\f b[ic]\k]jg]h]Zf_`jt <]j]aZ]ifdfjb[\f b[df^efg] Gh`Z]i]fj \f b[\]j`df[kjgh`


 

Z\]jib`mbh]icXmkijXefZc]eesmghf h]Zf_`jtc`nfdZg]h]\eXbh]ic]ieXY ij][`ZXjtiWe]gfih]\ijZ]eefh]deWd`Y]




j`Zmf\XXZjfdfY`cW JXbf]bh]icfgf\ ^]eefdg]h]\e]agf\kpbfao]h]_bf _fgXiefij`XZjfdfY`cWVNW =\`eij


\]h^`ZX]j [fcfZk ` [Xi`j eX[hk_bk eX jfhkvh]d]etY]_fgXiefij`XZjfdfY` Z]eef]eX_eXo]e`]i`\]e`WVojfYsh]
p]vZickoX]h]_bf[fjfhdf^]e`W  cWk\]h^`ZX]jh]Y]ebX`bh]icfVNW Y]efbi`\]cghXZ`ctefgffjefp]e`vb
hXigfcf^]e`vh]de]ajXbojfYs\`X[f




Bh]icf bh]g`jiW pjXjesd` h]deWd` eXctesakoXijfbgh`c][Xcb[hk\efabc]j


Y]_fgXiefij`XZjfdfY`cWVNWXh] b]Xe]bp]]X[fh`_fejXctesakoXijfb
Y]efbgh`ij][`ZX]jiWh]deWd`Y]_fgXi ghfmf\`cZfYcXij`jX_XXe]^`ZfjX 
efij`iXdf[f\]jibf[fbh]icX


  





 

5=9<3=97 5=9<3=97
# !$"-* $+('%1' 0&)% !(*&(-',$'",,$',(,# $'+,*-,$('+
ª½ÍÅÎÐÊÇÂÌÍÅ¿ÂÁÂÊËÇÍÂÌÈÂÊÅÂÇÍÂÎȽÏËÈÙÇË¿ǽÔÂÎÏ¿ÂÌÍÅÉ =K [S\^XUP Z[SMPOPXY
!(*!+, '$'"/#$#&-+,  '%(+ /$,#,# +) $!$#$%* +,*$'$'"
ͽ®ÈÂÁÐÆÏÂÅÊÎÏÍÐÇÓÅÜÉÌËÇÍÂÌÈÂÊÅÛ ÇËÏËÍØÂÁËÈÃÊØÌÍÅȽ U[PZVPXSPU[P\VK]YVgUYM
+1+, &1(-* -+$'"
À½ÏÙÎÜÇÏËÆÎÅÎÏÂɾÂÄË̽ÎÏÊËÎÏÅÁÈÜÁÂÏÂÆ ÇËÏËÍÐÛ¿ØÅÎÌËÈÙÄÐÂÏ UKbP\]MPZ[SWP[KAVPO^T]PSX\]
 


[^UaSJW ZY U[PZVPXSi UY]Y[fP


OYVQXfZ[SVKNK]g\JU]YT\S\]PWP
5=9<3=97 LPRYZK\XY\]S OVJ OP]PT UY]Y[^i
MfS\ZYVgR^P]P
 ,+ 0$+,/#$#* +-$,% !(*(. *$'"/ $"#,"*(-)+' /$,#
®ÐÖÂÎÏ¿ÐÛÏÇÍÂÎȽ ÇËÏËÍØÂÌÍÅÀËÁÊØÁÈÜ¿ÂÎË¿ØÒÀÍÐÌÌÅÎÎË
   

ÂÁÅÊÂÊÅÂÉÎËÕϽÏÊØÉÅÍÂÉÊÜÉžÂÄË̽ÎÊËÎÏŽ¿ÏËÉ˾ÅÈÜÎĽÁÅÅ
* *('' ,$(',(,# * %,+',# $*(/' %,+,(* +,*$',# #$%
ÎËοËÅÉÅÎ˾ÎÏ¿ÂÊÊØÉÅÍÂÎÊÜÉžÂÄË̽ÎÊËÎÏÅÁÈÜÌÍÅÎÏÂÀÅ¿½ÊÅÜ;ÂÊǽ
- ,(,# $*+$2 ,# 1' '" *(-+$!$'+,%% $'(** ,%1!+, ' ,(,#
¥ÄĽ%,+/$,#-+#$('*
* ÅÒ ͽÄÉÂͽ ËÊÅ ÉËÀÐÏ ÌÍÂÁÎϽ¿ÈÜÏÙ$'+,*-,$('+!(*$'+,%%,$(')*(.$
!-%%1!(%%(/,# Ë̽ÎÊËÎÏÙ ÌÍÅ ÅÒ ÊÂÌͽ¿ÅÈÙÊËÉ
ÇÍÂÌÈÂÊÅÅÕϽÏÊØÉÅÍÂÉÊÜÉžÂÄË̽ÎÊËÎÏŽ¿ÏËÉ˾ÅÈÜÎÌËÁÐÕÇËƯֽ
/$,#,# + ,
118 ÏÂÈÙÊËÎÈÂÁÐÆÏÂÅÊÎÏÍÐÇÓÅÜÉÌËÐÎϽÊË¿Ç ÌËÎϽ¿ÈÜÂÉËÆ¿ÉÂÎÏÂÎÇÍÂÎÈËÉ

7448(+878(.+5&77&,.6704)406+71&



86+'4(&3.C254.7541A-4(&3.B*+8704)406+71&



 

:XpXZjfdfY`ctiffjZ]jijZk]jefZfa=Zhfg]aibfa<`h]bj`Z]

=Ih][cX
d]ej`hkvq]akijXefZbk\]jib`mbh]i]ceXhX_c`oesmi`\]e`WmXZjfdfY`cWZ
iffjZ]jijZ``ific]\kvq]ajXYc`n]a

 


5KVKJSKK -FJSKK -FJSKK
)VYUUF (KW UFWWFLNVWPTK UFWWFLNVWPTK ZKSXVFQ]STK
UFWWFLNVWPTK




   





h`i  F0M0049m WNJKSNK WNJKSNK WNJKSNK

)VYUUF  ;hkggX   \f ., % % 


;hk\eXWbc]jbXh]Y]ebXZ]ifdfj \f ;hkggX  ., % % 



 
b[Yfctp]e]jh]Yk]j\fgfce`j]ct


efa fgfhs d]^\k ig`efa h]Y]ebX ` ;hkggX  ., % % 
ig`ebfabh]icX 
6NW
gfbX_sZX]jghXZ`ctef]gfcf ;hkggX ., % % 


^]e`]\]jibf[fbh]icXeX_X\e]di`\]




e``XZjfdfY`cW 4GTMSF[KSNE
<]j`hfijfdiZsp]  ddf[kjgh` %ifZd]ij`dfii`ij]dXd`Y]_fgXiefij`\]j]abXj][fh``TKe`Z]hiXcteXWUZ
ij][`ZXjtiWpjXjesd`h]deWd`Y]_f iffjZ]jijZ``i=Zhfg]aib`dIjXe\Xhjfd==I#\cWiffjZ]jijZkvq`m;hkgg

 






 
 
gXiefij`bXb`Z_hfics]
eXXZjfdfY`cWme]ieXY^]eesmgXiiX^`hib`d`i`\]e`Wd`h][kc`hk]dsd`
gfZsifj]ig`ebXi`\]e`W\fc^eXYsjthXigfcf^]eXijhf[fZ]hj`bXctef 
5=9<3=97 E`bf[\Xe]kijXeXZc`ZXaj]i`ij]dsY]_fgXiefij`\cW\]j]aeXn]ejhXctefd
=K [S\^XUP Z[SMPOPXY _X\e]di`\]e``

 

U[PZVPXSPU[P\VK]YVgUYM
UKbP\]MPZ[SWP[KAVPO^T]PSX\]
[^UaSJW ZY U[PZVPXSi UY]Y[fP
OYVQXfZ[SVKNK]g\JU]YT\S\]PWP
LPRYZK\XY\]S OVJ OP]PT UY]Y[^i

   
MfS\ZYVgR^P]P

117

3NLKUVNHKJKS\TWSTHS\K :i][\XghfZ]hWaj]ojfYsh]de`Y] 5=9<3=97




 UVFHNQFGKMTUFWSTWXN _fgXiefij`Ysc`mfhfpf_Xij][ekjs
 

PTXTV\RSYLSTWQKJTHFX] gfjWekZ_XcWdbk ?[SKU]SMS[YMKXXYTMYR


UVNUKVKHTMPKJKXKO O^cXYTZYO^cUPLPRYZK\
 BbX^\fai`ij]d]Y]_fgXiefij`df^]j XY\]SZK\\KQS[KXSUYNOKXP^\]K
H]bfd]e\fZXeef]gfcf^]e`]\cWki Ysjtgh`ij][ekjjfctbff\`eh]Y]efb XKMVSMKT]POP]\USPU[P\VKZ[Y]SM
 



jXefZb`\]jibf[fbh]icXVeX_X\e]di` `YOKKM]YWYLSVJ]KUUKU\[KLK]f
\]e``jXbbXbujfeX`Yfc]]_Xq`q]e  :i][\XghfZ]hWaj]ojfYsh]de`Y]
_fgXiefij`e]ghfmf\`c`Zf_c]p]`h] MKXSPMYRO^cXYTZYO^cUSWYQP]
ef]d]ijfZickoX]XZXh``  Z[SbSXS]g[PLPXU^\P[gPRXfP][KM
Y]ebX 
 Gh`\]_Xbj`ZXn``Zf_\kpefagf WfOKQP\WP[]gXPRKMS\SWYY]\P



   


 :fZh]dW\Z`^]e`We]gf_ZfcWaj] [gPRXY\]SKMK[SSUY]Y[KJMfRMK





\kpb` gXiiX^`hX ghfZ]htj] ujf gf


^]cjfabfejhfctefacXdg]eXgXe]c` h]Y]ebki`\]jte]ghXZ`ctef`c`ie` VKPP\[KLK]fMKXSP@PUYWPXO^P]
ojfYskY]\`jtiWojfgf\kpbX\]aij dXjth]de`Y]_fgXiefij` \JZP[PMYRS]gOP]PT]YVgUY\\YY]
Z`j]cteffjbcvo]eX  MP]\]M^idPT\S\]PWYTLPRYZK\XY\
 GXiiX^`hse]\fc^esiX^Xjt\] ]SXKRKOXS`\SOPXSJ`]KUUKUh]Y
j]ai]Y]eXbfc]e` E`bjfbXb`dYs


 

 Ic]\kaj]`eijhkbn`Wdgfbh]gc] XKSLYVPPRKdSdPXXYPZYVYQPXSPM


e`vjfai`ij]dsY]_fgXiefij`\cW\] i`ctesdfee`Ysce]idf^]jk\]h \V^bKPKMK[SS


j]abfjfhkvZs`igfct_k]j] Rj``e ^Xjth]Y]ebXZdfd]ejXZXh`` 
ijhkbn``\fc^esYsjtgh]\fijXZc]es  :ickoX]XZXh``_Xd]e`j]\]jibf]
`_[fjfZ`j]c]d MhXe`j]`eijhkbn``gf bh]icfeXefZf] 




kijXefZb]i`ij]dsY]_fgXiefij`\cW
\]j]aZd]ij]i\fbkd]ejXd`eXXZjfdf
Y`ct`uj`dHkbfZf\ijZfd E`bf[\Xe]
`igfct_kaj]i`ij]dkY]_fgXiefij`\cW


  





 

\]j]aY]_`eijhkbn``gfkijXefZb]
 
    

120

54*)484(0&






 

0978&34(0+7.78+2@
'+-45&73478.
*1C*+8+/
D 

 


RjfjXZjfdfY`ctgf\[fjfZc]ebkijX
efZb]i`ij]dsY]_fgXiefij`\cW\]j]a
%0-6*23(/31+-7efZfai`ij]dsY]_f
gXiefag]h]Zf_b`\]j]aiffjZ]jijZk




   





h`i  F0M0050m
vq]a]Zhfg]aib`dijXe\XhjXdY]_f
gXiefij` 
EXVNW

gh`Z]\]egh`d]hujfai`i
j]dsY]_fgXiefij`\cW\]j]a 



 

<]jibf]bh]icf%0-6*23(/31+-7gh]\
eX_eXo]ef\cWZ]ifZfa[hkggs 
Fh`[`eXcteXWi`ij]dXbh]gc]e`Wjh]Yk]j
bh]gc]e`W\]jibf[fbh]icX%0-6*23(/31+-7





biffjZ]jijZkvq`de`^e`dd]jXcc`o]i
b`dbfctnXd&VNW
kijXefZc]eesd
d]^\kig`ebfa_X\e][fi`\]e`W`][fgf h`i  F0M0253m h`i   F0M0051m

\kpbfa :]hme`ah]d]etgfijXZcW]dsa

 






 
 
Zd]ij]i\]jib`dbh]icfd\fc^]eYsjt
gh`bh]gc]ebbfctnk(VNW
kijXefZ KbfdgXe``-0*())*3312--(4`d]vjiW 5=9<3=97
c]eefdkeX_X\e]aijfhfe]ig`eb`_X\e] \]jib`]i`\]e`W%0-6*23(/31+-751 C\]KXKMVSMKT]P \S\]PW^
[fi`\]e`WeXkhfZe]\]jibf[fi`\]e`W "/53  LPRYZK\XY\]S OVJ OP]PT
Df^eff\efZh]d]eefkijXefZ`jtbXbjhX 9fc]]gf\hfYekv`elfhdXn`vgfki ]YVgUYMYM[PWJZK[UYMUSKM]YWY

 

\`n`feekvi`ij]dkY]_fgXiefij`\cW\] jXefZb]
`igfct_fZXe`vidfjh`ZHkbf LSVJASNXKVYW]YNYb]Y\S\]PWK
j]ajXb`i`ij]dk%0-6*23(/31+-7  Zf\ijZ] gf ubigckXjXn`` bfjfhf] LPRYZK\XY\]SOVJOP]PT+(!$0\YY]
\fc^efgfijXZcWjtiW`_[fjfZ`j]c]di` MP]\]M^idSWYL[KRYWRKU[PZVPXK
Gfde`j] ojf \cW \]jibf[f i`\]etW ij]dsY]_fgXiefij`\cW\]j]a  XK U[PZPQXf` \UYLK` JMVJP]\J
%0-6*23(/31+-7Zsdf^]j]`igfct_f

   
dPVbYUUY]Y[fTMf^\VfcS]P5
ZXjtjfctbfZi]j]i`\]e`Wbfjfhs] ViLYW\V^bKP\YLViOKT]PSX\][^U
f\fYh]es_eXbfd#
%0-6*2 aSSZY^\]KXYMUPUY]Y[fPOYVQXf
3(/31+-7  Lf]gZ[SVYQPXfSRNY]YMS]PVPW\S
\]PWfLPRYZK\XY\]SOVJOP]PT 
7448(+878(.+5&77&,.670.;7.*+3./6+)1&2+38&<. :6438&1A3@+




 C254978&34(0+*+8704)406+71& 
 

3&*9(3@+54*9>0.
:jXYc`n]e`^]ZiffjZ]jijZ``i=Zhfg]aibfa<`h]bj`Zfa=I= gh`Z]\]eshX_ '+-45&73478.
c`oes]Zf_df^efij`kijXefZb`i`ij]dsY]_fgXiefij`\cW\]j]a31+-7eXi`\]
8ZjfdfY`ctieXY^]elhfejXctesd`eX\kZes
e`WmfYfhk\fZXeesmkijhfaijZXd`bh]gc]e`W31+-7%0-6*23(/ d`gf\kpbXd`Y]_fgXiefij`\cWZf\`j]cWgXi
 



(KW 3FUVFHQKSNK 6FMRKV 5TQTLKSNK iX^`hX`eXkhfZe]bfc]e]aZf\`j]cW[\]gh]


YWXFSTHPN PVKWQF $#!"%SF \kidfjh]es 
JKXWPTITPVKWQF $#!"% GTPTHTRMFJSKR
WNJKSNN LhfejXctes]eX\kZes]gf\kpb`Y]_fgXiefi
j`Zf\`j]cW
gXiiX^`hX`eX\kZeXWgf\kpbXeX



   






;hkggX  41 b[ ghfj`Zmf\XXZjfdfY`cW   khfZe]bfc]e]aZf\`j]cW[\]gh]\kidfjh]eX


gh]\eX_eXo]es\cW_Xq`jsgXiiX^`hX`Zf\`
ghfj`Zmf\XXZjfdfY`cW   j]cWZickoX]cfYfZf[fijfcbefZ]e`Wih]\e]a
i`ctefajW^]ij`_Xio]jif_\Xe`Wgf\kpb`
;hkggX  41 b[ ghfj`Zmf\XXZjfdfY`cW   d]^\kZf\`j]c]d`gXiiX^`hfd`hkc]Zsdbf


 


c]ifd`c`gh`YfhefagXe]ctv 
ghfj`Zmf\XXZjfdfY`cW   LhfejXctes]eX\kZes]gf\kpb`Y]_fgXiefi
j`gh]\eX_eXo]es\cW_Xq`jsZf\`j]cW`g]
ghfj`Zmf\XXZjfdfY`cW   h]\e][fgXiiX^`hXXZjfdfY`cWgh`cfYfZfd




ijfcbefZ]e```gfujfdk`me]ihXYXjsZXe`]
ghfj`Zmf\XXZjfdfY`cW   gh` \hk[fd j`g] ijfcbefZ]e`a YfbfZsm
ijfcbefZ]e`Wmk\XhXmi_X\`g]h]Zfhfj]`j \ 
;hkggX41 b[ gfmf\kXZjfdfY`cW  % e]WZcW]jiWgh`_eXbfde]ghXZ`ctef[flkebn`
fe`hfZXe`Wi`ij]ds 


  





 

gfmf\kXZjfdfY`cW  %
:ickoX]ijfcbefZ]e`Wuc]bjhfeesaYcfbkg
gfmf\kXZjfdfY`cW  % hXZc]e`W]ic`jh]Yk]jiWZs\Xiji`[eXcbeX
\kZXe`vgf\kpb` Gf\kpbXeX\k]jiWd[ef
Z]eeffbX_XZp`itd]^\kj]cfdgXiiX^`hX`
% gh`[f\ef\cWi`ij]dY]_fgXiefij`\cW\]j]a31+-7\cWkijXefZb`gfmf\k bfeijhkbn`]abfjfhXWdf^]jgh`o`e`jtjhXZ
 


\Z`^]e`WXZjfdfY`cWke`Z]hiXctef[fbcXiiXieXY^]efjh]jt`dZ]hme`d dkihX_k^]gfic]ujf[fgf\kpbXi\k]jiW
bh]gc]e`]df\fYh]ef\cWiffjZ]jijZkvq]aZ]ifZfa[hkggs LhfejXctes] eX\kZes] gf\kpb` Zf\`j]
 gh`[f\ef\cWi`ij]dY]_fgXiefij`\cW\]j]a31+-7ig]n`XctefhX_hXYfjXeesm cW
gXiiX^`hX`eX\kZeXWgf\kpbXeXkhfZe]
bfc]e]aZf\`j]cW[\]gh]\kidfjh]eXe]WZ
   

`f\fYh]eesm\cWujf[fj`gXXZjfdfY`c]a <]jibf]bh]icfdf^efkijXef cWvjiW_Xd]efah]de]aY]_fgXiefij`XZi]


Z`jtid]ij`ZZg]h]\g]h]\e]]i`\]e`] [fc`pt\fgfceWvj`m\]aijZ`] GfujfdkZi]
[\Xgh`ij][`ZXaj]ith]deWd`Y]_fgXiefij`
ojfgfghXZ`cXdfYW_Xj]ctefZ=Zhfg]aib`m
122
 ijhXeXm`Yfctp`eijZ]e]]Zhfg]aib`mijhXe
FYr]dlhfejXctesmgfckp]bY]_fgXi 5=9<3=97



efij`gh`dXbi`dXctefdeX\kZXe``_X



 

gfceW]jYfctpkvoXijtghfijhXeijZX =PXKUVPSMKT]Ph]SUP]YUS
d]^\khkc]Zsdbfc]ifd`Zf\`j]c]d` Z[ XK [^VPMYP UYVP\Y
d]^\kgh`Yfhefa\fibfa`gXiiX^` U[fcU^ XKO^MXYT ZYO^cUS LPRY
hfd  ZK\XY\]SSVSXKLYUYM^iRKcSMU^

 


U[fcS=SUYNOKXPUVKOS]PZ[PO
:ickoX]ijfcbefZ]e`WgXiiX^`he]gh` WP]fXKZ[SWP[WYLSVgXfT]PVP
ij][ekZp`aiWh]de]dY]_fgXiefij`Yk _YXXKZ[SLY[X^iOY\U^XK\]Y[Y
\]j\Z`[XjtiWZg]h]\`df^]jgh`aj`Z XPZK\\KQS[K]KUUKUYXSWYN^]ZY
bfejXbjigf\kpbfaZjfZh]dWbf[\X




   

WPcK]g Z[KMSVgXYW^ [K\U[f]Si





h`i   F0M0052m
feX]q]Zghfn]ii]eX\kZXe`W  XKO^MXYT ZYO^cUS K ]KUQP Mf
LhfejXcteXWeX\kZeXWgf\kpbXdf^]j RMK]g\P[gPRXfP][KMWf
e]ihXYfjXjtZic]\kvq`mickoXWm
 gh`ijfcbefZ]e``ic][bf\]lfhd`



 

hk]dsd` fYr]bjXd` bfjfhs] e] Gh` e]_eXo`j]ctesm ijfcbefZ]e`Wm
Zf_\]aijZfZXc`eXcfYfZkvgfZ]hm \cWbfjfhsmk\]h^`ZXvq][f\]aijZ`W
efijtXZjfdfY`cWeXgh`d]hk\Xh h]de]aY]_fgXiefij`\fijXjfoefeX
YXdg]hfdfYf[hX^\]e`]`j \  \kZes]gf\kpb`Y]_fgXiefij`e]hXi
bhsZXvjiW :uj`mickoXWmikq]ijZ]e





 Z ickoX] Zbc`e`ZXe`W gf\ \hk[`] efZX^efgh`ij][`ZXjtiWh]deWd`Y]


\Z`^kq`]iWih]\ijZX`c`_Xq`jes] _fgXiefij`jXbbXbZickoX]YfbfZf[f
f[hX^\]e`WeXgh`d]hgf\[hk_f k\XhXfe`[XhXej`hkvjghXZ`ctef]gf h`i   F0M0053m

ZkvXZjfdXp`ek`c`_Xq`jef]f[ cf^]e`]gXiiX^`hX`gh]\fjZhXqXvj

 






 
 
hX^\]e`]eX\kZeXWgf\kpbXY]_f ZsYhfigXiiX^`hX`_XZjfdfY`cWZick :6438&1A3&C3&*9(3&C
gXiefij`e]hXibhf]jiWjXbbXbe` oX]i`ctesmijfcbefZ]e`a 54*9>0&'+-45&73478.
bXbfa\fgfce`j]ctefa_Xq`jsgf 5&77&,.6&
ihXZe]e`vih]deWd`Y]_fgXiefij` :6438&1A3&C3&*9(3&C
54*9>0&'+-45&73478. IJKUVKJYWRTXVKSTVNW

feXe]\Xij`ic]\fZXj]cteffeX
(4*.8+1CVNW

 

Yk\]jY]igfc]_eX Gfujfdke]ihX FeX ifijf`j `_ d[efZ]eef eX\kZXv
YXjsZXe`]i`ij]dsZ\XeefdickoX] FeX ifijf`j `_ d[efZ]eef eX\kZXv q]aiWgf\kpb`eXmf\Wq]aiWZig]n`
e]WZcW]jiWgh`_eXbfde]ghXZ`ct q]aiWgf\kpb`eXmf\Wq]aiWZig]n` Xctefdfj\]c]e``Zgh`Yfhefa\fib]
ef[flkebn`fe`hfZXe`Wi`ij]ds Xctefdfj\]c]e``Zn]ejh]hkc]Zf[f ujXgf\kpbX`d]]jfYr]dYfctp`ao]d
kgf\kpb`Zf\`j]cW 

   
bfc]iX

121

5=9<3=97 69=34+(@01B=+3.+




 :6438&1A34/
 

A7@F78=3G>?3A=>ABF .'404(4/3&*9(3@;
7\VSXKO^MXKJZYO^cUKLP 54*9>+05&77&,.6&
RYZK\XY\]SZK\\KQS[KKU KWQNUVKJYWRTXVKST
]SMS[YMKXKMUVibPXKXS
 



UYNOK XP ^\]KXKMVSMKT]P =ic`XYifcvjefe]fYmf\`dfg]h]Zf


OP]\UYPU[P\VYZ[Y]SM`Y _`jth]Y]ebXeXg]h]\e]di`\]e``jf
OKKM]YWYLSVJ]KUUKU\[KLK]fMK lhfejXcteXW`YfbfZXWeX\kZes]gf
XSPXKO^MXYTZYO^cUSLPRYZK\XY\ \kpb`gXiiX^`hX]ic`gh]\kidfjh]es



   


]SWYQP]Z[SbSXS]g[PLPXU^\P[g df^ef\]_Xbj`Z`hfZXjt 





h`i   F0M0054m
PRXfP][KMWfOKQP\WP[]g5\V^ BfejhfcteXWcXdgXF eXgh`Yfhefa
bKPXPYL`YOSWY\]SM\PNOKOPRKU]S gXe]c`Yk\]j[fh]jte]gh]hsZefZi]
MS[^T]PZYO^cU^LPRYZK\XY\]SZK\ 3&*9(3&C54*9>0&
'+-45&73478.(6&/43+ Zh]dWgfbXlhfejXcteXW`YfbfZXWeX
\KQS[KP\VSOP]\UYP\SOPXSP\]K \kZes]gf\kpb`gXiiX^`hXe]Yk\kj
041+3+/(4*.8+1C


 

MS]\JXKZP[POXPP\SOPXSPZK\\KQS


IJKUVKJYWRTXVKSTVNW
 ZefZtXbj`Z`hfZXes]ic`gh]\kidfj
[K?P[POXPPZK\\KQS[\UYPU[P\ h]ef 
VYOYVQXYLf]gWKU\SWKVgXYY]Y EX\kZeXWgf\kpbXY]_fgXiefij`ZhXa
OMSX^]YXKRKOb]YLfZ[POY]M[K fe]bfc]e]aifijf`j`_d[efZ]eefeX
]S]gUYX]KU]WPQO^OP]\USWU[P\ \kZXvq]aiWgf\kpb`eXmf\Wq]aiWZ




VYWSZ[SLY[XYTZKXPVgi6KQPP\ ig]n`Xctefdfj\]c]e``gf\hkc]Zsd 5=9<3=97


VSh]YNYXP][PL^i]Z[KMSVK[PUY bfc]ifdeXkhfZe]bfc]e]aZf\`j]cW E]YLf OPRKU]SMS[YMK]g
WPXO^P]\J\XYMKKU]SMS[YMK]gMYR \Xvq]a\fgfce`j]ctekv_Xq`jkZick _[YX]KVgX^i S LYUYM^i
O^cX^iZYO^cU^\[KR^QPUKU]YVg oX]cfYfZf[fijfcbefZ]e`W ZYO^cUSLPRYZK\XY\]SZK\\KQS[K


  





 

UYZP[PMYRUK[PLPXUKRKMP[cPXK P\VSZ[PO^\WY][PXYYL[K]S]P\gU
ZK[KN[K_KWHDS_[YMYTOS\ZVPTI
S H<XYNY_^XUaSYXKVgXfT OS\
ZVPTIMNVKMPH?[SLY[XKJOY\UKS
Z[SLY[fI
 
    

124

'404(@+3&*9(3@+



54*9>0.'+-45&73478.



 

8ZjfdfY`ctieXY^]eYfbfZsd`eX\kZ
esd`gf\kpbXd`\cWgXiiX^`hX`Zf\`
j]cW]ic`gh]\kidfjh]ef\cW_Xq`js

 


[hk\efabc]jb``gf\kpbXd`ZhXafe]
fbeX]ic`gh]\kidfjh]ef\cW_Xq`js
[fcfZsgXiiX^`hfZeXg]h]\e]d`_X\
e`mi`\]e`Wm 




   





9fbfZs]eX\kZes]gf\kpb`[\]gh]\k h`i   F0M0140m h`i   F0M0141m

idfjh]es_Xq`qXvjgXiiX^`hfZXZjf
dfY`cWfjYfbfZsmk\XhfZih]\e]ai`ct 5+6+*3.+'404(@+ '404(@+3&*9(3@+
efajW^]ij`gkj]dfYhX_fZXe`Wgf\kpb` 3&*9(3@+54*9>0. 54*9>0.(6&/43+403&
d]^\kgXiiX^`hfd`Zekjh]ee`d`oXijW '+-45&73478. -&?.8&)414(@



 

d`YfbfZfabfeijhkbn``XZjfdfY`cW -&?.8&)69*34/01+80. IJKUVKJYWRTXVKSTVNW

E]ihXYXjsZXe`]YfbfZsmeX\kZesmgf .4'1&78.8&-&
IJKUVKJYWRTXVKSTVNW
 Fe`ifijfWj`_\Zkmgf\kp]bT_XeXZ]
\kp]bY]_fgXiefij`gh`\hk[`mj`gXm ifoef[fUj`gXf\eXeXghXZfaijfhf
ijfcbefZ]e`acfYfZs]ijfcbefZ]e`W G]h]\e`]YfbfZs]eX\kZes]gf\kpb` e]X\hk[XWeXc]Zfaijfhfe]XZjfdf





k\Xhsi_X\`g]h]Zfhfjs`j c e]WZcW Y]_fgXiefij`eXmf\WjiWZig`ebXmi` Y`cWhXigfcf^]eesm_XYfbfZfafY


]jiWgh`_eXbfde]ghXZ`ctef[flkebn` \]e`afe`ifijfWj`_d[efZ]eefeX\k p`Zbfabhsp``ibhsjsmiffjZ]jijZk
fe`hfZXe`Wi`ij]ds ZXvq]aiWgf\kpb`gh]\eX_eXo]eefa vq]afj\]cbfa
:ickoX]YfbfZf[fk\XhXuc]bjhfeesa \cWgfZsp]e`Wij]g]e`_Xq`js[hk\
EX\kZes]gf\kpb`Y]_fgXiefij`ZhXa

 






 
 
YcfbkghXZc]e`W]ic`jh]Yk]jiWZs\Xij efabc]jb`gXiiX^`hfZ`fYcXij`jX_X
ZickoX]YfbfZf[fijfcbefZ]e`Wih]\ fe]fbfegh]\eX_eXo]es\cW_Xq`js
i`[eXceXihXYXjsZXe`]gf\kpb` Gf [fcfZsg]h]\e][f`_X\e`mgXiiX^`hfZ
\kpbXeX\k]jiWd[efZ]eeffbX_XZp`it e]ai`ctefaij]g]e`jW^]ij`
ZickoX]YfbfZf[fijfcbefZ]e`WYcX[f
d]^\kj]cfdgXiiX^`hX`bfeijhkbn`]a \XhWYfctpfagfZ]hmefij`eX\kjfagf
bfjfhXWdf^]jgh`o`e`jtjhXZdkihX_k \kpb`

 

^]gfic]ujf[fgf\kpbXi\k]jiW
KB8?8E@=:ickoX]YfbfZf[fijfcb
9fbfZs]eX\kZes]gf\kpb`e]_Xd]eW efZ]e`WZsdf^]j]gfcko`jteX`cko
vjh]de`Y]_fgXiefij`efc`pt\fgfc pkv _Xq`jk i`ij]ds ifmhXeWW ghX
eWvj`m\]aijZ`]gfujfdkh]bfd]e\k Z`ctef] gfcf^]e`] eX i`\]e`` ojf

   
]jiWZi][\Xgh`ij][`ZXjtiWh]deWd`bXb gf_Zfc`jgf\kpb]ZhXafe]fbeXhXi
gh]\g`isZX]jiWghXZ`cXd`=Zhfg]aib`m bhsjtiWghXZ`ctef 
`Yfctp`eijZXe]]Zhfg]aib`mijhXe


KB8?8E@= LhfejXctes] eX\kZes] =ic`ZXpXZjfdfY`ct`\]jeXd]jXccf 4'?.+56+*956+,*+3.C
CONTROLS


DASHBOARD
AND
 gf\kpb``
`c`YfbfZs]eX\kZes]gf cfdjfieXoXcXfjbcvo`j]i`ij]dkeX
 

\kpb`df[kjhX_Z]hekjtiW]ic`XZjfdf \kZesmgf\kp]bkfl`n`Xctef[f\`c] 5=9<3=97


Y`ctgf\Z]h[iWi`ctesdk\XhXd`c`gf hXbfdgXe``-(4 =ic`XZjfdfY`ctd] 7\VS Z[S ZYMY[Y]P UVibK
gXcZXZXh`vZbcvoXWe`_bk_fZXbXb eW]jZcX\]ctnXjfefZsaZcX\]c]n\fc RKQSNKXSJ M ZYVYQPXSP
eXgh`d]hi`ctes]k\Xhsfijkg]e` ^]eYsjtghf`elfhd`hfZXefghXZ`cXm UYX][YVgXKJVKWZK  XPRKNY
 


DEVICES

bhXajhfjkXhX`c`e`_b`]gh]gWjijZ`W gfct_fZXe`WeX\kZesd`gf\kpbXd``f [KP]\J SVS Y\]KP]\J MUVibPXXYT


SAFETY

gfgX\Xe`]XZjfdfY`cWZYfctp`]Wds gh]\kgh]^\]e`WmZsp]XjXb^]gh` Z[SOMSQPXSSKM]YWYLSVJMWP\]P


`c`ZdWj`eseX\fhf[]  Z]\]eesmZeXijfWq]dTHkbfZf\ijZ] \ \YYLdPXSPW XK WXYNY_^XUaSY
gfct_fZXj]cWU  XKVgXYWOS\ZVPPP\VSZ[PO^\WY]
LIGHTS AND   


KB8?8E@=Gh`ihXYXjsZXe``eX\kZ




CORRECT USE

[PXY]YMYRWYQPXY]UKRM\S\]P
OF THE CAR

eXW gf\kpbX Y]_fgXiefij` Zs\]cW]j KB8?8E@=IhXYXjsZXe`]gh]\eXjW WK` LPRYZK\XY\]S  M h]YW \V^bKP


e]Yfctpf]bfc`o]ijZfgsc` RjXgsct ^`j]c]alhfejXctesm`YfbfZsmeX XKO^MXfPZYO^cUSSVSZ[POXK]J
Y]_Zh]\eX`e]WZcW]jiWgh`_eXbfdeX \kZesmgf\kp]bY]_fgXiefij`Zs_sZX QS]PVSWYN^]XP\[KLY]K]gM\V^bKP
oXcXgf^XhXgfic]ujf[fgfZ]hmefijt ]jiWgfhX_efdk`_YcfbXuc]bjhfeef ^OK[KSVSMXPRXKbS]PVgXYWbS\VP





e]icf^]eesmgf\kp]b``ej]ht]hXZ [fkghXZc]e`WZ_XZ`i`dfij`fjj`gX


 
MESSAGES

WARNING

\V^bKPMYXSWYN^]\[KLY]K]g\V^
jfdfY`cWdf^]jYsjtgfbhsjoXij`nX XZXh`` E]ihXYXjsZXe`]f\efa`c`Yf bKTXY>L[K]S]P\gUOSVP[^UYWZK
d`gsc`ujXgsctdf^]jgfgXijteXbf c]]`_e`me]f_eXoX]jojfi`ij]dXhX XSS$,XPWPOVPXXYb]YLfZ[YMP
^k`Z[cX_X :ickoX]bfejXbjXidfaj] YfjX]je]ghXZ`ctef [S]g\S\]PW^
]]Zf\faie]ajhXctesddscfd

EMERGENCY



IN AN

Ihfb[f\efij`g`hfj]me`o]ibf[f_XhW
\X`bfejXbjXbXjkpb`kbX_XeeXp`ct 5=9<3=97 5=9<3=97
\`b]Zekjh`YXh\XobX <ffbfeoXe`W =PYZS[KT]P\gNYVYMYT[^ =PXKU[fMKT]P\ZSXUSZP
ujf[fihfbXiZW^`j]itifl`n`Xctesd UKWSSUYVPXJWSMOMP[g [POXS` S RKOXS` \SOPXST
TECHNICAL  





 

MAINTENANCE

\`c]hfdbfdgXe``-(4\cW`m_Xd]es YUXKSVSMRYX^YUYXXYTZYO^cUS ZYU[fMKVKWSSVSbP`VKWSUY]Y[fP


b]YLfSRLPQK]gMYRWYQXf`][KMW XPZ[POXKRXKbPXfOVJS\ZYVgRYMK
CAR

KB8?8E@==ic`ghf`_fpcXXZXh`WZ MYM[PWJXKO^MKXSJZYO^cUS XSJ\LYUYMfWSXKO^MXfWSZYO^c


h]_kctjXj]bfjfhfabXb`]c`Yfkijhfa UKWSLPRYZK\XY\]S
ijZXY]_fgXiefij`ihXYfjXc`fYhXj`
SPECIFICATIONS




j]itbfl`n`Xctefdk\`c]hkbfdgXe``
 


-(4\cW_Xd]esihXYfjXZp`mkijhfaijZ 5=9<3=97 5=9<3=97


Y]_fgXiefij``ghfZ]hb`Zi]ai`ij]ds =P UVKOS]P UKUS`VSLY
=P Mf\YMfMKT]P NYVYM^
CvYfabfejhfcth]dfej`c`_Xd]eXeX [^USSVYU]SMYUXY Z[POWP]YM\PLPXKUYVPXS
\kZesmgf\kp]bY]_fgXiefij`\fc^es ZP[PO\YLYTSXP\SOS]P\][^LUYT
   
IINDEX

ghf`_Zf\`jtiW jfctbf o]h]_ \`c]hX SVSUK[KXOKcYWMY[]^ M\V^bKP


bfdgXe``-(4  \[KLK]fMKXSJXKO^MXf`ZYO^cPU
LPRYZK\XY\]Sh]YWYQP]Z[SMP\]S
U][KMWP
126

5=9<3=97 5=9<3=97 5=9<3=97






 

?[SMYQOPXSSKM]YWYLSVJ 7\VSKM]YWYLSVgLfV^U[K ?P[POXJJXKO^MXKJ ZYO^c


M\PNOK OP[QS]P [^US XK OPXSVSLfVKZ[POZ[SXJ UK\[KLK]fMKP]XK^OK[f
YLYOP[^VPMYNYUYVP\K]KUb]YLf ]KZYZf]UK^U[K\]gPNYP\VSYX\]KV ZY\SVPZ[PMfcKidSPXK]JQPXSP
Z[S\[KLK]fMKXSSXKO^MXYTZYO^c YLePU]YWMKXOKVSRWKSVSLfVRK \YROKMKPWYP Z[POXK]JQS]PVJWS

 


USYXKWYNVKXKO^]g\JLPRUKUS`VS ]YZVPXZ[YMP[g]P\S\]PW^XKO^M ?[S\SVP^OK[YMWPQO^h]SWSOM^
LYZYWP`UY]Y[fPWYNVSLfZ[SbS Xf`ZYO^cPULPRYZK\XY\]S^Y_S WJZ[POPVKWSYLfbXY\[KLK]fMK
XS]gMKW\P[gPRXfP][KMWf=P\S aSKVgXYNYOSVP[KUYWZKXSS$, i]]YVgUYZ[POXK]JQS]PVS
OS]PRK[^VPWXKUVYXSMcS\gMZP[PO




   

\ZSXUKU[P\VKOYVQXKLf]gMMP[





]SUKVgXYWZYVYQPXSSKMKcK\ZS
XKOYVQXKYZS[K]g\JXKXPP
5=9<3=97 5=9<3=97
:YNOKUVibRKQSNKXSJXK =PMPcKT]PQP\]US`Z[PO
WP]YM XK MPcKVUS OVJ



 
`YOS]\JMZYVYQPXSS


UYX][YVgXKJVKWZK F Z[SKU]S YOPQOfSXKYZY[XfP[^bUS
5=9<3=97 MS[YMKXXYTZP[POXPTXKO^MXYT ZY
?YWXS]Pb]YP\VSUVibRK O^cUPZK\\KQS[KMUVibS]\JSXKb
QSNKXSJM\]KMVPXSXK`Y XP]WSNK]gM]PbPXSPXP\UYVgUS`\P





OS]\JMZYVYQPXSSOKQPP\VS U^XOb]YLf\SNXKVSRS[YMK]gb]Y
OMSNK]PVg XP [KLY]KP] XKO^MXfP XKO^MXKJ ZYO^cUKZK\\KQS[K[K\ 5=9<3=97
ZYO^cUSWYN^]\[KLY]K]gMZ[SZK[ U[YP]\JZ[SKMK[SSZY\VPbPNYPP
UYMKXXYWKM]YWYLSVPP\VSMXPNY =KO^MXKJ ZYO^cUK LPRY
X^QXYL^OP]OPWYX]S[YMK]g ZK\XY\]SXPRKWPXJP][PW

 


M[PQP]\JO[^NYTOMSQ^dST\JKM]Y





 
 
WYLSVg?Yh]YW^XSUYNOKXP\KQKT XSLPRYZK\XY\]SK]YVgUYZYMfcK
]POP]PTXKZP[POXPP\SOPXSPOKQP P]S`h__PU]SMXY\]g4YVPP]YNY
UYNOKKM]YWYLSVgZ[SZK[UYMKXA ]KUUKU_[YX]KVgXfPXKO^MXfP ZY
O[^NYT\]Y[YXfZYWXS]Pb]YP\VS 5=9<3=97 O^cUSXP\[KLK]fMKi]Z[SVYLY
UVib RKQSNKXSJ  M ZYVYQPXSS MYW^OK[PXKXSRUYT\UY[Y\]SLY
=PWYT]P\ZSXUSU[P\PVMY

 

]YXSUKUKJ\S\]PWKLPRYZK\ UYMf`\]YVUXYMPXSJ`]YVbUK`\XS
OYT ZYO XKZY[YW SVS ZK R^SVSZ[SZP[PMY[Y]P]YMh]S`\V^
XY\]SXKO^MXfPZYO^cUSSVSZ[PO [YW\KWY\]YJ]PVgXYSVSXK\]KXaS
XK]JQS]PVSXP\[KLY]KP]M\V^bKP bKJ`ZK\\KQS[fWYN^]Lf]gRKdS
J`KM]YWK]SbP\UYTWYTUSU[P\PV dPXf]YVgUY[PWXJWSLPRYZK\XY
^OK[K Mh]YW\V^bKPXP\[KLK]fMK
\]SUY]Y[fPZYh]SWZ[SbSXKWM\P

   
XSPXPWYQP]Lf]g[K\aPXPXYUKU
Z[SRXKU]YNYb]Y\S\]PWKXP[KLY NOKOYVQXfLf]gZ[S\]PNX^]f
]KP]OYVQXfWYL[KRYW

125

  







 


@DB;53941C6<M                             
@1A;?3;113C?=?29<M                       
 



9B@?<J8?31>96=6E1>9G6B;?:

;?A?2;9@6A651G                            
A6;?=6>51F99@?B>976>9L



   






K;B@<D1C1F9?>>IEA1BE?5?3            


89=>96H9>I                                

F6@9@A?C93?B;?<J76>9M                 

EA1>6>9613C?=?29<M                      


 







  





 

 
    

128

!%#$/ !%# +&
)=@:41I9:LF4<7.3172/A4



$



 

1Sc_]_RY\m_b^QjV^n\V[ca_^^l]db :.<79=23/<4@:43B4A=@A/1
ca_ZbcS_]R\_[Ya_S[YUSYTQcV\PVb\Y :.AJ9:LF6/572/<7.16/; >V_Rf_UY]_ Sl`_\^Ycm b\VUdojYV
USYTQcV\m^VXQ`db[QVcbPb]_caY`QaQ 94 6/572/<7. FA=0I >?4 _`VaQgYY
TaQeBYbcV]Q[_U_S[_]`Q^YY(#.S 3=A1?/A7AJ?/6?.3/99B;B:.A=?<=8
 DRVUYcmbPhc_bc_P^_h^lZc_a]_X

 


T\QSV @aYR_a^QP U_b[Q Y `aYR_al 0/A/?47
XQcP^dc`_U^Pc
3cVhV^YV`VaSlfbV[d^UaQR_clUSY  DbcQ^_SYcmad[_Pc[dalhQTQ`VaV
TQcV\m]_WVcaQR_cQcmR_\VVid]^_ !'$& '$# [\ohV^YP `VaVUQh S ^VZcaQ\m^_V
hV]_Rlh^__b_RV^^_Vb\Y_^^V[_c_




   

`_\_WV^YV





a_VSaV]P^VRl\Sn[b`\dQcQgYY KcQ */0=A/3172/A4:.16/9?I
_c\YhYcV\m^QP_b_RV^^_bcm^V_[QXl A=; >=;4H4<77 .1:.4A@.  >QWQcm ^Q `VUQ\m bgV`\V^YP U_
SQVc^Y[Q[_T_S\YP^YP^Qed^[gY_^Y F?461IF/8<=?7@9=1/<<=8"172/ d`_aQ^Vca_TQP`VUQ\mQ[bV\VaQc_aQ
a_SQ^YVY^QUVW^_bcmTYUaQS\YhVb[_T_ A4:J>=2:=H/4A97@:=?=371I?/0/
c_\[QcV\P`aVUdb]_caV^Qb`VgYQ\m^QP AI1/4A=F4<JA=9@7F<I8B2/?<I8  DbcQ^_SYcm[\ohXQWYTQ^YPS`_\_



 
2/6 9=A=?I8 ;=54A >?714@A7 9 WV^YV
 Y_c`dbcYcmVT_baQXd


bYbcV]QbY^fa_^YXQgYYhc_RlbSVbcY
[]Y^Y]d]d^V_Rf_UY]_bcmS_Rb\dWY @;4?A4:J<=;B=A?/1:4<7L WV`_b\VXQ`db[QUSYTQcV\P
SQ^YY  6b\Y^VdUQ\_bmXQSVbcYUSYTQcV\mb`Va
S_Z`_`lc[Yb\VUdVcSVa^dcm[\ohXQ


WYTQ^YPS`_\_WV^YV QXQcV]




!'$& '$# `_Sc_aYcm`a_gVUdad`db[Q 


&I?49=;4<3B4;1>4?1I8 +:43B4A>=;<7AJFA=@4?
>4?7=3<4K9@>:B/A7?=1/AJ 1=>?71=3A=?;=6<=8@7@A4

 




/1A=;=07:J @ >=:<I; 7@



 
 
;I7B@7:7A4:.?B:.<4CB<9E7=<7
>=:J6=1/<74;K9@>:B/A/E7 ?BLA3=A4D>=?>=9/<40B34A6/
=<<ID D/?/9A4?7@A79 /1A=;=07:. >BH4<3172/A4:J)=KA=;B1=37A4
A4<4>?=761=37AJ?/62=<>?7>=: :LA?40B4A@.0=:JG4B@7:78F4;
<=@AJL =A9?IA=8 3?=@@4:J<=8 6/ =0IF<=3:.A=?;=54<7.73:.1?/
@:=<94<4@=14?G/AJ3:7A4:J<ID>= H4<7.?B:4;

 

463=9</>?434:J<=8@9=?=@A7?469=
<4A=?;=67AJ7A3

   

6b\Y[\ohXQWYTQ^YP^Qf_UYcbPS`_\_ !%#,+& 6b\YUSYTQcV\m^VXQ`db[QVcbPb`VaS_Z




 WV^YY
Q[_^ca_\m^QP\Q]`Q Y $ `_`lc[Yb\VUdVcSVa^dcm[\ohXQWYTQ
 

Y[_^ca_\m^QP\Q]`Q`a_U_\WQocT_ ^YPS`_\_WV^YV QXQcV]`_Sc_


aVcmc_[\ohXQWYTQ^YPb\VUdVcdbcQ >V_Rf_UY]_ Sl`_\^Ycm b\VUdojYV aYcm`a_gVUdadXQ`db[Q 
^_SYcmS`_\_WV^YV U  QXQcV] _`VaQgYY
b^_SQ dbcQ^_SYcm VT_ S `_\_WV^YV 6b\Y[\ohXQWYTQ^YP^Qf_UYcbPS`_\_
 DRVUYcmbPhc_bc_P^_h^lZc_a]_X
 




 6b\Y[_^ca_\m^QP\Q]`Q`a_U_\ WV^YY
Q[_^ca_\m^QP\Q]`Q Y Y
XQcP^dc`_U^Pc [_^ca_\m^QP\Q]`Q  ^Q`aYR_a^_Z`Q
WQVcT_aVcmc_b\VUdVc`_`lcQcmbPXQ
SVbcYQSc_]_RY\mXQ`Qb^l][\oh_]XQ  DbcQ^_SYcmad[_Pc[dalhQTQ`VaV ^V\Y`a_U_\WQocT_aVcmc_[\ohXQWY
WYTQ^YP[_c_alZ`aVUdb]_caV^S_Rk [\ohV^YP `VaVUQh S ^VZcaQ\m^_V TQ^YPb\VUdVcdbcQ^_SYcmS`_\_WV^YV



   


`_\_WV^YV  QXQcV]b^_SQdbcQ^_SYcmVT_S`_





V]V`_bcQS[YQSc_]_RY\P
\_WV^YV
 6b\Y[_^ca_\m^lV\Q]`l
D;181>966b\Y^Q`aYR_a^_Z`Q^V  DbcQ^_SYcm[\ohXQWYTQ^YPS`_\_ `a_U_\WQocT_aVcmc_b\VUdVc`_`l
\Y`a_U_\WQVcdbc_ZhYS_T_aVcm[_^ WV^YV
^Q`aYR_a^_Z`Q^V\Y cQcmbPXQSVbcYQSc_]_RY\mXQ`Qb^l][\o
ca_\m^QP\Q]`Q Y c_b\VUdVc^VXQ XQT_aQocbP[_^ca_\m^lV\Q]`l  h_]XQWYTQ^YP[_c_alZ`aVUdb]_caV^S
]VU\YcV\m^__RaQcYcmbP[_eYgYQ\m^_ YY  _RkV]V`_bcQS[YQSc_]_RY\P


 


]dUY\Vad[_]`Q^YY(#.  @_U_WUQcm`_[Q^V`_TQb^dc[_^ D;181>966b\Y^Q`aYR_a^_Z`Q^V\Y


D;181>96 >Y[_TUQ ^V _bcQS\PZcV ca_\m^lV\Q]`l Y Y  GV]Rl `a_U_\WQVcdbc_ZhYS_T_aVcm[_^ca_\m
[\ohXQWYTQ^YPS`_\_WV^YY
 `_ bcaVV`a_TaVSQVcbPUSYTQcV\mcV] ^QP\Q]`Q Y c_b\VUdVc^VXQ]VU\YcV\m
b\V_bcQ^_S[YUSYTQcV\P  RlbcaVV`_TQb^dcncY[_^ca_\m^lV ^_ _RaQcYcmbP _eYgYQ\m^_]d UY\Vad




\Q]`l [_]`Q^YY(#.
 >QWQcm ^Q `VUQ\m bgV`\V^YP U_ D;181>96 >Y[_TUQ ^V _bcQS\PZcV
d`_aQ^Vca_TQP`VUQ\mQ[bV\VaQc_aQ [\ohXQWYTQ^YPS`_\_WV^YY
`_


  





 

 DbcQ^_SYcm[\ohXQWYTQ^YPS`_\_ b\V_bcQ^_S[YUSYTQcV\P 
WV^YV
 baQXdWV[Q[c_\m[_
`_TQb^Vc [_^ca_\m^QP \Q]`Q 
6b\Y^VXQ`dbcYcmUSYTQcV\mbaQXd &72/<749=<A?=:J<=8:/;
WVcVaPVcbP`aVY]djVbcS_aQR_cl >I1A4F4<74 @49B<3>?7
 


bSVhVZ `aVU`db[_S_T_ `_U_TaVSQ >B@943172/A4:.7:7>?73:7


?c`dbcYcm[\ohXQWYTQ^YPbaQXdWV A4:J<=; >?=1=?/F71/<77
`_b\VXQ`db[QUSYTQcV\P 9=:4<F/A=2=1/:/B9/6I1/4A</=A9/6
@7@A4;I>?43>B@9=1=2=>=3=2?41/!
KA=;@:BF/44@:7/1A=;=07:J6/>B@
   

A7:@.;=5<=>=:J6=1/AJ@./1A=;=
07:4;9/9=0IF<=<=@:43B4A9/9
;=5<=@9=?44=0?/A7AJ@.9=C7E7
/:J<=;B37:4?B9=;>/<77
130

!" "$/ #$ $/
'4 @:43B4A >?=761=37AJ



#"%! #!%#



 

26>89>?3J6 >B@93172/A4:.>BA4;A=:9/ @_b\V^V`a_U_\WYcV\m^_ZaQR_clUSY


95986<K>J653941C6<9 <7./1A=;=07:.42=0B9@7 TQcV\P^Qf_\_bclf_R_a_cQfb\VUdVc
?=1977:7@>B@9/>=7<4?E77 `VaVSVbcY[\ohXQWYTQ^YPS`_\_WV^YV
>V_Rf_UY]_ Sl`_\^Ycm b\VUdojYV @2=?IA/99/9KA=;=54A>?714@A79 

 


_`VaQgYY >=>/3/<7L A=>:71/ 1 9/A/:76/A=?
@7@A4;I1I>B@9/=A?/0=A/1G7D2/ D;181>96@_b\VU\YcV\m^_ZaQR_cl
 B\VUdVc ]VU\V^^_ ^QhQcm USYWV 6=1 7 1I61/AJ 44 >=1?4534<74 <4 USYTQcV\PbSlb_[_Z^QTadX[_Zb\VUd
^YV_RVb`VhYSQPaQR_cdUSYTQcV\P >=3:45/H44?4;=<AB VcUQcmV]dS_X]_W^_bcmN_cUliQcm
^QbaVU^Yf_R_a_cQf >Vb\VUdVc bPO`aVWUVhV]XQT\diYcmVT_c V USY




   





aVX[_dSV\YhYSQcmb[_a_bcm  TQcV\m U_\WV^ S cVhV^YV ^Vb[_\m[Yf
]Y^dc`_aQR_cQcm^Qf_\_bclf_R_a_
 3`VaSlf[Y\_]VcaQf`dcYUSYTQcV\m cQfhc_Rl_RVb`VhYcmb^YWV^YVcV]
^VU_\WV^aQR_cQcmb`_\^_Z^Q `VaQcdalS]_c_a^_]_cbV[V
TadX[_Z B\VUdVc`_U_WUQcm`_[Q
bcaV\[Qd[QXQcV\PcV]`VaQcdal_f



 

\QWUQojVZWYU[_bcY^V^Qh^Vc`V
aV]VjQcmbPSXQUQ^^_]UYQ`QX_^V  *469=4</5/A74</>43/:J
2/6/ >4?43 =A9:LF4<74;
3172/A4:.<47;44A/0@=:LA





<=<79/9=2=>?/9A7F4@9=2=
+:43B4A>=;<7AJFA=B@7:7 @;I@:/KA=>?71=37A9>4?4?/@D=3B
A4:JA=?;=6<=8@7@A4;I7 A=>:71/7>=1?4534<7L3172/A4:.
B@7:7A4:J?B:.<4CB<9E7= =@=04<<=3172/A4:.@AB?0=</33B

 






 
 
<7?BLA>=9/<40B34A6/>B 1=;
H4< 3172/A4:J )=KA=;B 1=37A4:L
A?40B4A@.0=:JG4B@7:78>?7</5/
A77</>43/:JA=?;=6/73:.B>?/1
:4<7.?B:4;

 

   
129

@1A;?3;113C?=?29<M Gc_Rl_c`dbcYcmbc_P^_h^lZc_a]_X




 b\VUdVc
 

>V_Rf_UY]_ Sl`_\^Ycm b\VUdojYV


_`VaQgYY  b\VT[Q`_cP^dcmSSVafbc_P^_h^lZ
c_a]_XY^QUQSYcm^Q[^_`[dR\_[Y
 8QT\diYcmUSYTQcV\mY`_bcQSYcmQS a_S[Y

c_]_RY\m ^Q bc_P^_h^lZ c_a]_X
 



 dUVaWYSQP S ^QWQc_] `_\_WV^YY


 3[\ohYcm_U^dYX`VaVUQh]VfQ^Y [^_`[d
b\VUdVc`_\^_bcmo_c
hVb[_Z[_a_R[Y`VaVUQh^QU_a_TV WQcmalhQTc_a]_XQS^YX ;_^ca_\m
bd[\_^_]b\VUdVcS[\ohYcm`VaSdo ^QP\Q]`Q  `_TQb^Vc



   


`VaVUQhdVb\YQSc_]_RY\m`aY`Qa





aYb  F0M0115m
[_SQ^ST_adY\YXQU^oo`VaVUQhd @aYSl`_\^V^YYnc_Z_`VaQgYYb\VUd
Vb\YQSc_]_RY\m`aY`Qa[_SQ^`_U Vc ^QWQcm ^Q `VUQ\m c_a]_XQ hc_Rl
T_ad[_\VbQU_\W^lRlcm`_SVa^d #$ / (+$ "  `aVU_cSaQcYcm^V`aVU^Q]VaV^^_VUSY
cl[R_aUoad  "JG14BC?0>?G>?4?C?A=?81 WV^YVQSc_]_RY\P 


 

A1B@?<?76>=675D53D=0


;_\VbQb\VUdVcXQR\_[Ya_SQcm[\Y^_]
Y\Y[Q]^V]Vb\YcaVRdVcbP`aY`Qa[_ @6A65>9=9B956>90=9
SQcm QSc_]_RY\m ^Q U_a_TV b [adcl] @aY`Qa[_S[Vb\VUdVc`_cP^dcmalhQT
d[\_^_] >Vb\VUdVc_bcQS\Pcm[\ohXQ bc_P^_h^_T_c_a]_XQSSVafcQ[hc_Rl


WYTQ^YPSXQ][VXQWYTQ^YPhc_Rl`aV



_RVb`VhYcm`_\^do^V`_USYW^_bcmQS
U_cSaQcYcm aQXaPU Q[[d]d\Pc_a^_Z c_]_RY\P ;Q[`aQSY\_hVclaVfY\Y`P
RQcQaVY B\VUdVcSbVTUQSl^Y]Qcm[\oh cYjV\h[_SeY[bYadojVT_dbca_ZbcSQ
YXXQ][QXQWYTQ^YP`aYSlf_UVYXQSc_ alhQTQU_bcQc_h^_Vb\YQSc_]_RY\m^Q
]_RY\P 


  



f_UYcbP^Qa_S^_ZU_a_TV 6b\YQSc_



 

]_RY\m`Qa[doc^Q[adc_]b[\_^VY\Y
SXQTadWV^^_]b_bc_P^YYc_caVRdVc
!'$& '$# bPUVSPcmY\YUVbPcmjV\h[_SeY[bYad
'4@:43B4A=@A/1:.AJ34A48 ojVT_dbca_ZbcSQalhQTQ 
1/1A=;=07:4046</36=?/
 


D;181>966b\Ync_^VcQ[c_b\VUdVc
16?=@:ID+:43B4A1@423/1I<7;/AJ bSPXQcmbPb_eYgYQ\m^l]UY\Va_][_]
9:LF766/;9/6/572/<7.76/07 `Q^YY(#.hc_Rl_caVTd\Ya_SQcmbc_P
?/AJ42=@@=0=8>?71ID=3476/1 ^_h^lZc_a]_X 
A=;=07:.
   

@aYXQcP^dc_]bc_P^_h^_]c_a]_XVY
`aYS[\ohV^^_]XQWYTQ^YY[\ohXQWY
TQ^YP^Qf_UYcbPS`_\_WV^YY
^Q
`aYR_a^_Z`Q^V\YXQT_aQVcbP[_^ca_\m
132 ^QP\Q]`Qc_a]_X^_ZbYbcV]l 

#! ,  !'$& '$#






 

&(#  -A=0I>4?49:LF7AJ>4?43/
 " !"( FB </3:45/H7; =0?/6=;
5\PS[\ohV^YP`VaVUQhYb\VUdVc`_\ @:43B4A>=:<=@AJL1I5/AJ>43/:J
^_bcmoSlWQcm`VUQ\mbgV`\V^YPY`V @E4>:4<7. )=KA=;B <4=0D=37;=

 


aVSVbcYad[_Pc[dalhQTQ`VaV[\ohV^YP @:437AJ6/A4;FA=0I>=3>43/:JL
`VaVUQhScaVRdV]_V`_\_WV^YVb] @E4>:4<7.<40I:=<79/97D>=@A=
UYQTaQ]]d^QT_\_S[Vad[_Pc[YalhQTQ ?=<<7D>?43;4A=19=1?7973=:5<I
`VaV[\ohV^YP`VaVUQhA9B  :45/AJ>:=@9=7=<7<43=:5<I</




   

D=37AJ@.1=0:/@A7>434:48
ÌÂÁ½ÈÂÆ





aYb  F0M0142m
5\PS[\ohV^YP_Z`VaVUQhYb\VUdVc
`VaVSVbcYad[_Pc[dalhQTQ`VaV[\ohV
^YP`VaVUQhb\VT[Q^QWQSS`aQS_hc_ 5\PS[\ohV^YP`VaVUQhYXQU^VT_f_UQ
Rl`aVU_cSaQcYcm^V`aVU^Q]VaV^^_V  bcd`V^hQcQP[_a_R[Q`VaVUQhYX
S[\ohV^YV_Z`VaVUQhY CQ[WVb\V ^VZcaQ\m^_T_`_\_WV^YP^V_Rf_UY]_



 
!=1?4;.31754<7.>?/1/.


UdVc`_bcd`Qcm`aY`VaV[\ohV^YYb Sl`_\^Ycmb\VUdojYV_`VaQgYY`_U
^Pcm[_\mg_
[_c_a_V^Qf_UYcbP`_U ?B9/ 1=37A4:. <4 3=:5</
_Z`VaVUQhY^Qdo`VaVUQhd >=@A=.<<=</D=37AJ@.</?B
ad[_Pc[_ZalhQTQY_U^_SaV]V^^_`V
D;181>96@VaVUQhdXQU^VT_f_UQQS aVSVbcYad[_Pc[dalhQTQ`VaV[\ohV^YP 9=.A94?IF/2/>4?49:LF4
c_]_RY\P]_W^_S[\ohYcmc_\m[_`aY `VaVUQhS\VS_QXQcV]S`VaVU <7.>4?43/FA/99/9B@7:74=A14@/





`_\^_Z_bcQ^_S[VQSc_]_RY\P @aYaQ ?B973/54@/;=4:429=4@=1?4;4


R_cQojV]USYTQcV\V`aVWUVhV]S[\o 5\PS[\ohV^YP`VaVUQhYXQU^VT_f_UQ <4;;=54A>?714@A79>?45341?4
hYcm `VaVUQhd XQU^VT_ f_UQ b\VUdVc  bcd`V^hQcQP[_a_R[Q`VaVUQhYX ;4<<=;B76<=@B1<BA?4<<7D9=;>=
`_\^_bcmoSlWQcm`VUQ\mbgV`\V^YP ^VZcaQ\m^_T_`_\_WV^YP^V_Rf_UY]_ <4<A=19=?=097>4?43/F

 






 
 
[Q[]Y^Y]d]^Q bV[d^Ulhc_Rl`aV Sl`_\^Ycmb\VUdojYV_`VaQgYY`_U
U_cSaQcYcm`_SaVWUV^YV[_a_R[Y`V ^Pcm[_\mg_
[_c_a_V^Qf_UYcbP`_U
aVUQhYYXRVWQcmb[aVWVcQ`aYS[\o ad[_Pc[_ZalhQTQY_U^_SaV]V^^_`V
hV^YY`VaVUQhY aVSVbcYad[_Pc[dalhQTQ`VaV[\ohV^YP
`VaVUQhS`aQS_QXQcV]S`VaVU 

 

   
131

" ' [_S^V]_c`QUQVc^V_Rf_UY]_bcm 2QTQW #$, /




 ^Y[YQSc_]_RY\Pb^YWQoc`a_f_US_XUdfQ $  /
 

! #. Y_caYgQcV\m^_S\YPoc^Qda_SV^m`_caVR
-#!%$' +& \V^YPc_`\YSQ 6b\YcaVRdVcbP`VaVSVXcY !DB;13C?=?29<0
"#&   _RkV[clX^QhYcV\m^lfaQX]Va_Sc_U\Pnc_Z >Vb\VUdVc`a_TaVSQcmUSYTQcV\m[_TUQQS
gV\Y\dhiVYb`_\mX_SQcm`aYgV`  c_]_RY\mbc_Yc[_TUQUSYTQcV\maQR_cQVc^Q
 

3nc_]aQXUV\VYX\_WV^l^V[_c_alVaV[_



]V^UQgYYb_R\oUV^YV[_c_alf`_]_WVc f_\_bclf_R_a_cQfY\Y`aYUSYWV^YYQSc_
-<6;CA9G6B;?6?2?AD5?31>96 ]_RY\PbSlb_[_Zb[_a_bcmoSncYfdb\_SY
S_UYcV\ob^YXYcmn[b`\dQcQgY_^^lVaQbf_ PfUSYTQcV\m`a_TaVSQVcbPX^QhYcV\m^_]VU
UlQSc_]_RY\PQcQ[WVb^YXYcm[_\YhVbcS_ K\V[caYhVb[_V _R_adU_SQ^YV b\VUdVc
S[\ohQcmc_\m[_c_TUQ[_TUQnc_UVZbc \V^^VVdSV\YhYSQVcbPaQbf_Un\V[ca_n^VaTYY
c_[bYh^lfSVjVbcSSlRaQblSQV]lfSQc]_



   


Y_RkV]SlRa_bQSaVU^lfSVjVbcSSQc]_





beVad  SYcV\m^_^V_Rf_UY]_ AQR_cQbYbcV]l


_R_TaVSQXQU^VT_bcV[\QU_`_\^YcV\m^_V beVad @_nc_]daV[_]V^UdVcbPbaQXdWV^Q
*!  / _bSVjV^YVQSc_]_RY\PUS_a^Y[YYSV^ hY^QcmUSYWV^YV]VU\V^^_YXRVTQPSlb_[Yf
cY\Pc_a_R_TaVSQcV\PcaVRdocX^QhYcV\m b[_a_bcVZ CQ[Y]`dcV]`a_TaVSUSYTQcV\P
$6E>9G6B;?6?2B<D7931>9613C?=?29<0 `a_Ybf_UYcX^QhYcV\m^_RlbcaVV 
^_T_[_\YhVbcSQn^VaTYYQdSV\YhV^YV
`_caVR^_bcYSn\V[ca_`YcQ^YY`aYS_UYc


 

B\VUdVc`a_S_UYcmSbV`a_SVa[YYaVTd\Y 6B@?<68>J656:BC390


a_S[YSb__cSVcbcSYYbN4aQeY[_]aVT\Q [dSV\YhV^YoaQbf_UQc_`\YSQU_ 
]V^c^lfaQR_cO!&,0($&-$'&%/)& `aYVXUV`_T_a_Ud >Vb\VUdVc^QWY]Qcm^Q`VUQ\mTQXQ[_TUQ
QSc_]_RY\m_bcQ^QS\YSQVcbPdbSVc_e_aQ
)9>J #9BC6=1;?>59F9?>9A?31>903?85DE1 Y\Y`VaVUSl[\ohV^YV]USYTQcV\P >QWQcYV
^Q`VUQ\mTQXQSd[QXQ^^lfbYcdQgYPf[Q[Y




B\VUdVcaVTd\Pa^_bY^cVaSQ\_]^VR_\VV AQR_cQ[_^UYgY_^VaQSQSc_]_RY\VPS\P US_Z^_VSl[\ohV^YVbgV`\V^YPPS\PocbP


^VUV\m`a_SVaPcmUQS\V^YVS_XUdfQSiY VcbPU_`_\^YcV\m^_Z^QTadX[_Z^QUSYTQ b_SVaiV^^_RVb`_\VX^l]YUVZbcSYP]Y^Q
^QfVb\YUQS\V^YVS_XUdfQSiY^Qfb\Yi cV\mhc_`aYS_UYc[X^QhYcV\m^_]ddSV b_SaV]V^^lfQSc_]_RY\Pf KcYUVZbcSYP
[_]^YX[_Vnc__X^QhQVchc_`_SliQVcbP \YhV^YoaQbf_UQc_`\YSQSbaVU^V]U_ `aYS_UPc[dSV\YhV^YoaQbf_UQc_`\YSQY


  



aQbf_Uc_`\YSQcQ[[Q[Snc_]b\dhQV`_   6b\YcV]`VaQcdaQ^QadW^_T_S_X



 

SlRa_bQSaVU^lfSVjVbcSSQc]_beVad 
SliQVcbPb_`a_cYS\V^YV[QhV^Yo  UdfQ`_XS_\PVcb\VUdVc`_\mX_SQcmbPbY
bcV]_ZSV^cY\PgYYTUVnc_S_X]_W^_  J2?AB??C36CBC3DLI6:@6A651G9
6>D7>J64AD8J
B`_Z\Val_b_R_Vdbca_ZbcS_^QQSc_]_ ;Q[c_\m[_db\_SYPUSYWV^YPYb_bc_P^YV
>Vb\VUdVcn[b`\dQcYa_SQcmQSc_]_RY\mb RY\V[_c_a_Vb_XUQVcb_`a_cYS\V^YVS_X U_a_W^_T_`_[alcYP`_XS_\Pcb\VUdVc`V
R_\miY]RQTQW_]faQ^PjY]bPSRQTQW^_] UdfdYd\dhiQVcQna_UY^Q]YhVb[YVfQaQ[cV aV[\ohYcmbP^QR_\VVSlb_[do`VaVUQhd
 


_cbV[V 3VbQSc_]_RY\P_b_RV^^_`aYVXUV aYbcY[YQSc_]_RY\P 5SYWV^YV^QR_\VV^YX[_Z`VaVUQhVhc_


`_ T_a_Ud Y dT_\ `a_U_\m^_T_ ^Q[\_^Q Rl_RVb`VhYcmbQ]lV\dhiYVf_U_SlVfQ
bY\m^_S\YPoc^QaQbf_Uc_`\YSQYdbc_Z 9b`_\mX_SQ^YV ^VbVacYeYgYa_SQ^^lf aQ[cVaYbcY[Y`aYS_UPc[dSV\YhV^YoaQb
hYS_bcmQSc_]_RY\P baVUbcSU\Pd\dhiV^YPQna_UY^Q]YhVb[Yf f_UQc_`\YSQ
fQaQ[cVaYbcY[QSc_]_RY\P_[QXlSQVc_c
   

1417>9;13C?=?29<0DBC1>13<9316 3c_WVSaV]Pb\VUdVc`_]^Ycmhc_^V^QU
=J:>1;AJH621417>9;5<0<J7 aYgQcV\m^_VS\YP^YV^Qb_`a_cYS\V^YV
S_XUdfQY`aYS_UYc[dSV\YhV^YoaQbf_ \VWQjVVYb`_\mX_SQ^YVR_\VVSlb_[_Z`V
UQc_`\YSQ  aVUQhYcQ[WV`aYS_UYc[dSV\YhV^YoaQb
B\VUdVcbaQXdWVb^PcmRQTQW^Y[dbcQ^QS f_UQc_`\YSQSlRa_bQSaVU^lfSVjVbcSY
\YSQV]lZ^Q[aliVQSc_]_RY\P[Q[c_\m YX^_bQUSYTQcV\P
134

1;B9=1<K>10B;?A?BCK %# /-#!%$' %#" !"'! 






$  /

 

AQbf_Uc_`\YSQX^QhYcV\m^_S_XaQbcQVc 
bdSV\YhV^YV]b[_a_bcYUSYWV^YP B\V E_\_U^lZ`db[USYTQcV\P
UdVcYXRVTQcm[Q[^V^dW^_T_c_a]_WV 5\PRd[bYa_S[Y`aYgV`_SY\YUadTYfcaQ^b
@_VXU[Y^Q[_a_c[YVUYbcQ^gYYYhQ `_ac^lfbaVUbcSSQSc_]_RY\VU_\WV^Rlcm
^YPcQ[Y^V^dW^_T_dSV\YhV^YPb[_ `aVUdb]_caV^bVacYeYgYa_SQ^^lZRd[bYa
bc_ `_Sc_aPojYZbP f_\_U^lZ `db[

 


a_bcYUSYWV^YPcQ[[Q[ncY_`VaQgYY ^lZ[ao[Yb__cSVcbcSdojQPn\V[caYhVb
`aYS_UPc[dSV\YhV^Yo`_caVR\V^YP USYTQcV\P^V`_XS_\PocUSYTQcV\oU_
bcYhm_`cY]Q\m^_ZaQR_hVZcV]`VaQcd [QPbYbcV]Q DbcQ^_S[Q_R_adU_SQ^YPU_\W
c_`\YSQYSlRa_bQSaVU^lfSVjVbcS  ^QRlcmSl`_\^V^Qb`VgYQ\m^__RdhV^^l]
al Kc_`aYS_UYc[X^QhYcV\m^_]ddSV
%36<9G6>96B;?A?BC9 \YhV^Yo aQbf_UQ c_`\YSQ b   U_ [SQ\YeYgYa_SQ^^l]`Vab_^Q\_][_c_alZ




   





 `aYVXUV`_T_a_UdYSlRa_bQ `_b\V]_^cQWQb__cSVcbcSdojVT__R_adU_
AVX[_VdSV\YhV^YVb[_a_bcYaVX[_V SaVU^lfSVjVbcS  SQ^YPSlUQVcb`VgYQ\m^lZU_[d]V^caQXaV
^QWQcYV^Q`VUQ\mTQXQX^QhYcV\m^_ iQojYZRd[bYa_S[dcaQ^b`_ac^lfbaVUbcS
dSV\YhYSQPhYb\__R_a_c_SUSYTQcV\P %B<?39053976>90 ^QU_a_TV 
bY\m^_S\YPVc^QaQbf_Uc_`\YSQY^Q 95?A?7>?6@?;AJC96
B\VUdVcdbcQ^_SYcmb`VgYQ\m^lVY
Y\YU_



 
SlRa_bSaVU^lfSVjVbcS @_nc_]ddSV


\YhV^YVb[_a_bcYb\VUdVc`a_YXS_UYcm @aYhY^_ZU_bcQc_h^_Slb_[_T_aQbf_ `_\^YcV\m^lVXVa[Q\QXQU^VT_SYUQSb__c
`_bcV`V^^_Y^Vb\VUdVc`aVSliQcm UQc_`\YSQPS\PVcbPY^cV^bYS^_VUSY SVcbcSYYbcaVR_SQ^YP]YXQ[_^Q 
]Q[bY]Q\m^_U_`dbcY]lZdb[_aPojYZ WV^YV^QU_a_TV^Q`aY]Va`a_R[Yb
hQbcl]Yb`_\mX_SQ^YV]^YX[Yf`VaV B\VUdVc`_]^Ycmhc_`aYRd[bYa_S[V`aY
SaQjQojYZ]_]V^c  gV`QUSYWV^YV`_U_a_TVb[adcl]`_UkV
UQhUSYWV^YV`_T_a_UdbhQbcl]Y_b





cQ^_S[Q]YdbSVc_e_a_S 5SYWV^YV`_ ]_]bcQ^_SYcbPR_\VVb\_W^l]dSV\YhY


YXSY\Ybc_ZT_a^_ZU_a_TVY\Y`_^V SQVcbPc_a]_X^_Z`dcm_RT_^b_SVaiQVcbP
a_S^_Z U_a_TV cQ[WV _caYgQcV\m^_ U_\miVSXQSYbY]_bcY_c_RjVT_SVbQcaQ^b
S\YPVc^Q`_caVR\V^YVc_`\YSQ  `_ac^_T_baVUbcSQ 

 






 
 
!A?2;9>15?A?46 @aYb`db[V`_UT_ad\dhiV`VaV[\ohYcmbP
^QR_\VV^YX[do`VaVUQhdhV]Yb`_\mX_SQcm
@aYU\YcV\m^lf_bcQ^_S[Qf^QU_a_TV c_a]_X^Q`a_cPWV^YYSbVT_b`db[Q 
S`a_R[Qfd`VaVVXU_Sb_i\QTRQd]_] 3Vb`aYgV`Q_[QXlSQVcS_XUVZbcSYV^QRd[
Yc U USYTQcV\mb\VUdVcSl[\ohQcm  bYa^lZ[ao[Ync_b^YWQVceQ[cYhVb[do

 

TadX_`_UkV]^_bcmQSc_]_RY\P @VaVU^QhQ
\_]USYWV^YPb\VUdVcdRVUYcmbPhc_`aY
gV`^V`aVSliQVc]Q[bY]Q\m^lZSVbU_`d
bcY]lZU\PRd[bYa_S[YUQ^^lVd[QXQ^lS

   
BVaSYb^_Z[^YW[VQSc_]_RY\P @aYnc_]
b\VUdVcdhYclSQcmSVb`_\^_bcmoXQTadWV^
^_T_`aYgV`QS[\ohQPb__cSVcbcSdojYV
`aY^QU\VW^_bcYYY]djVbcS_`Vab_^Q\Q
133

>V b\VUdVc `aVSliQcm _TaQ^YhV^YP %#$  K\V[caYhVb[YZc_a]_XU_\WV^`_\d




 b[_a_bcYd[QXQ^^lV^QU_a_TQfbcaQ^l %#"  ". hQcm`YcQ^YV^V`_baVUbcSV^^__cQ[[d
 

S[_c_a_ZSl^Qf_UYcVbm 3\oR_]b\d ]d\Pc_a^_ZRQcQaVY BVhV^YV[QRV\P


hQV^Vb\VUdVcUSYTQcmbPb_b[_a_bcmo 2d[bYa^_V_R_adU_SQ^YVeQa[_`U_\W `YcQ^YPU_\W^_Rlcm^V]V^VV ]]
R_\miV []
hQb ^ldbcQ^QS\YSQcmb`VgYQ\m^__RdhV^^lV
[SQ\YeYgYa_SQ^^lVb`VgYQ\YbclSb_ D;181>96K\V[caYhVb[YZc_a]_XY\Y
 



>Q`aYgV`Vb\VUdVcdbcQ^_SYcmb__c _cSVcbcSYYb\oR_ZU_`_\^YcV\m^_ZY^ UadT_V_R_adU_SQ^YVU_\WV^Yb`_\m


SVcbcSdojYZbcQRY\YXQc_aRd[bYa_S[Y  e_a]QgYVZY
Y\Yd[QXQ^YP]YYXT_c_SY X_SQcmbP`aYaQR_cQojV]USYTQcV\V 
cV\PRd[bYa^_T__R_adU_SQ^YP
;a_]V`aVUdb]_caV^^lfn\V[caYhVb
2d[bYa^_V_R_adU_SQ^YVU_\W^__cSV [YfgV`VZ[n\V[caYhVb[_ZbYbcV]VQS



   






!'$& '$# hQcmUVZbcSdojY]caVR_SQ^YP]b_T\Qb c_]_RY\P ]_WVc Rlcm `aYb_VUY^V^


^_5YaV[cYSV

b_SbV]YU_ c_\m[_[QRV\m`YcQ^YPn\V[caYhVb[_T_
+7@A4;//<A70:=97?= `_\^V^YP]Y  `aYS_UQc_a]_XQ`aYgV`QY[QRV\mU\P
1=F</.@7@A4;/A=?;=6=1 \Q]`lS^dcaV^^VT__bSVjV^YP^_^V
9=A=?/.;=54A0IAJB@A/<=1:4</ 5\P\oR_Z]_UV\YRd[bYa^_V_R_adU_ R_\VV 3c 


 

</ /1A=;=07:4 <4 9=<A?=:7?B4A SQ^YVU_\W^_b__cSVcbcS_SQcmSVbd[_




A=?;=6<BL @7@A4;B >?7E4>/ )= c_alZ]_WVcRd[bYa_SQcmQSc_]_RY\m 5\Pb_VUY^V^YZb\VUdVcYb`_\mX_SQcmbd


KA=;B@:43B4A@=@=0=8=@A=?=5<= ^Q [_c_a_] dbcQ^_S\V^_ Rd[bYa^_V jVbcSdojYZR\_[d`aQS\V^YPb[QRV\V]
@AJL14@A7A?/<@>=?A<=4@?43@A1= _R_adU_SQ^YV  Q[[d]d\Pc_a^_ZRQcQaVYbVhV^YV[_c_a_
</@9=:J697D3=?=2/D T_^VU_\W^_Rlcm]V^miV  ]]


5\Pb_VUY^V^YPn\V[caYhVb[_ZbYbcV]l



b\VUdVcYb`_\mX_SQcmd^YeYgYa_SQ^^_V
b_VUY^YcV\m^_Vdbca_ZbcS_aQXkV][_
c_a_V[Q[`aQSY\_dbcQ^QS\YSQoc^Qb`V
gYQ\m^_][a_^icVZ^V[_c_alZ[aV`Yc


  





 

!'$& '$#
bP[Rd[bYa^_]ddbca_ZbcSd >QQSc_]_
'7>?79/97D=0@A=.A4:J@A RY\VU_\WV^RlcmdbcQ^_S\V^b`VgYQ\m
1/D<4@:43B4A1<=@7AJ76 ^lZSbca_V^^lZR\_[d`aQS\V^YP"
;4<4<7.1A=?;=6<BL@7@A4;B@E4 U\P^QadW^lf_T^VZ`aYgV`Q
:JL=04@>4F4<7.B>?/1:4<7.A=?
 


;=6<=8 @7@A4;=8 >?7E4>/ ,=? 5\Pb_VUY^V^YPn\V[caYhVb[_ZbYbcV


;=6</. @7@A4;/ >?7E4>/ 3=:5</ ]lb\VUdVcYb`_\mX_SQcmY\Y icl
0IAJ>=:<=@AJL<46/17@7;=8=A27 aVS_ZaQXkV] 3`_bc_P^^_T_c_[Q
3?/1:7F4@9=8@7@A4;I/1A=;=07:. "
" Y !
 bcQ^UQac_S
>V_Rf_UY]_bca_T_b_R\oUQcmY^bc
   

ad[gYY`aVUdb]_caV^^lVYXT_c_SYcV
\V]QSc_]_RY\PY
Y\YYXT_c_SYcV\V]
bgV`^_ZSY\[Y

136

#E6=1B2?A;9A9B






 

;_^bcad[gYPRd[bYa^_T_[ao[QU_\W^Q
RlcmXQ[aV`\V^QSc_h[Qf_c]VhV^^lf
bY]S_\_] iVbcmoSY^cQ]Y
3^dcaV^^YZ\Ybc[[_c_a_]d[aV`YcbP

 


ncQ[_^bcad[gYPU_\WV^Y]Vcmc_\jY

@_\^QP^QTadX[Q
^d[Q[]Y^Y]d]]] 
@aVUdb]_c 2d[bYa^lZ[ao[U_\WV^[aV`YcmbP[
aV^^_V




   

[_a`dbd`aYhV]b\VUdVcYXRVTQcmbSVa





_cSVabcYV
\V^YPY`_UaVX[YXQU^VT_RQ]`VaQ[_
@aVUdb]_caV^
^lZSY^c c_alZSYUV^[_TUQdRYaQocRd[bYa^lZ
[ao[
D;181>96B\VUdVc_RPXQcV\m^_`aY

BcQ^UQac^QPiQa_SQP_`_aQ



 

@aVUdb]_c
[aV`Ycmf_a_i_SYUY]docQR\Yh[db_
aV^^_V_cSVabcYV
_cSVcbcSdojVT_aQX]VaQYXT_c_S\V^
^doYXb__cSVcbcSdojVT_]QcVaYQ\Qb_

Rd[b dbca_ZbcSQ
b\VUdojY]cV[bc_]





=1;B9=1<J>1M>14AD8;1
>1H1A ;4

 






 
 
!'$& '$#
)=@:4B@A/<=1970B9@7?<=
2= B@A?=8@A1/ ?46J0=1I4
=A14?@A7.>=317<AI@:43B4AB>:=A

 

<7AJFA=0I=A?/0=A/1G742/6I<4
>=>/3/:71@/:=</1A=;=07:.
@aVUdb]_caV^^_V_cSVabcYV

   
@aVUdb]_c
aV^^lZSY^c
@aVUdb]_caV^^_V_cSVabcYV
aYb  F0M0143m
6 
)+ D;181>966b\YXY]^YViY^lY]Voc '! e




 _UY^YXd[QXQ^^lf^YWVY^UV[b_S]Q[ !" $ # ,/
 

8Y]^YV iY^l U_\W^l Y]Vcm c_c WV bY]Q\m^_Zb[_a_bcYdSV\YhV^^_Z^Q


aQX]Vahc_Y_Rlh^lViY^ldbcQ^_S [_c_ado]_WVcaQXSYcmQSc_]_ FV`Y`a_cYS_b[_\mWV^YPb\VUdVcYb
\V^^lV^QQSc_]_RY\V  RY\mc_SbQ\_^V^Qf_a_i_SYU^_]S_ `_\mX_SQcmSb__cSVcbcSYYbcaVR_SQ^Y
UYcV\o]VbcVb\VUdVcdbcQ^_SYcmcQR P]Y]Vbc^lf`aQSY\ 
 

?eYgYQ\m^lZUY\Va[_]`Q^YY(#.b



dU_S_\mbcSYV]`aVU_bcQSYcS\QUV\m \Yh[d^Q[_c_a_Zd[QXQ^Q]Q[bY]Q\m FV`Y`a_cYS_b[_\mWV^YPb\VUdVc^Q


gdQSc_]_RY\PaV[_]V^UQgYY_c^_bY ^_ U_`dbcY]QP b[_a_bcm QSc_]_RY\P UVSQcmc_\m[_^QSVUdjYV[_\VbQ`V
cV\m^_cY`QiY^^QY\dhiY]_RaQX_] `aYYb`_\mX_SQ^YYXY]^YfiY^Sb__c aVU^YV[_\VbQ =laV[_]V^UdV]Yb
b__cSVcbcSdojYfcaVR_SQ^YP]XQ[QX SVcbcSYYbcaVR_SQ^YP]Y5YaV[cYSl6B  `_\mX_SQcmgV`Y(*&#$$&--+,((#.



   






hY[Q  3bVhVclaViY^lU_\W^lRlcm_UY^Q @_b\V^Vb[_\m[Yf`VaSlf]Vca_SUSY


@aYSlR_aVcY`QiY^[_c_alVb\VUd [_Sl]Y ]Qa[Q Y `a_cV[c_a hc_Rl WV^YPb\VUdVc`a_SVaYcm^QcPWV^YV
VcdbcQ^_SYcm^QQSc_]_RY\V_c^_bY _RVb`VhYcmR_\midoRVX_`Qb^_bcm`aY gV`VZ 
cV\m^_UQS\V^YPSiY^QfYcVf^YhVb[Yf USYWV^YYYc_a]_WV^YYQcQ[WV_R
D;181>96@aYYb`_\mX_SQ^YYgV`VZ


 

jdofQaQ[cVaYbcY[dd`aQS\PV]_bcYQS


caVR_SQ^YZ[XY]^Y]iY^Q]^V_Rf_UY `a_cYS_b[_\mWV^YPb\VUdVchaVXSlhQZ
]_b\VU_SQcmd[QXQ^YP]`aVUdb]_caV^ c_]_RY\P
^__bc_a_W^_`_\mX_SQcmbP`VUQ\mo
^l]S`QaQTaQeVN;_\VbQOST\QSVNCVf >V_Rf_UY]_`_]^Ycmhc_^Vb\VUdVc Q[bV\VaQc_aQhc_RlYXRVWQcmY\Y_T
^YhVb[YVdb\_SYPO  ]V^Pcm^Q`aQS\V^YVSaQjV^YPiY^  aQ^YhYcmS_X]_W^_bcm`a_Rd[b_S[YSV


UdjYf[_\Vb[_c_aQP]_WVc`aYSVbcY



8Y]^YVfQaQ[cVaYbcY[YncYfiY^X^Q
hYcV\m^_fdWVVb\YT\dRY^QaYbd^[Q [aQXalSdgV`YY`_SaVWUV^Yo[_a`d
`a_cV[c_aQ]V^miV]] CQ[YViY^l bQY\Y]VfQ^YhVb[Yf[_]`_^V^c_SQS
b\VUdVcXQ]V^Ycm  !'$& '$# c_]_RY\P 


  





 

2\QT_UQaPbS_Y]b`VgYQ\m^l]XY]^Y] &/9@7;/:J</. @9=?=@AJ D;181>96B\VUdVcYb`_\mX_SQcm]Y\


fQaQ[cVaYbcY[Q]cVf^YhVb[YV[QhVbcSQ /1A=;=07:. 7;4LH42= \Y]Vca_SlV gV`Y `a_cYS_b[_\mWV^YP
XY]^YfiY^`aY^_a]Q\m^lfdb\_SYPf 67;<74G7<I d]V^miV^^_T_aQX]VaQ 
n[b`\dQcQgYYY\Y`aYU\YcV\m^_]USY @;/?97?=19=8
 9;F/@
WV^YY`_QSc_bcaQUVX^QhYcV\m^_^Y @;/?97?=19=8
 9;F/@
 


WVcVf^YhVb[Yf[QhVbcS_Rlh^lfiY^ @;/?97?=19=8
9;F/@
@_nc_]dXY]^YViY^lb\VUdVcYb`_\m
X_SQcm_TaQ^YhV^^_Yc_\m[_ScVfgV (3</9=<4=0D=37;=@A?=2=@=0:L
\PfU\P[_c_alf_^Y`aVU^QX^QhV^l  3/AJ=2?/<7F4<7.@9=?=@A7B9/6/<
<I41)?/17:/D3=?=5<=2=31754
   

<7.

138

!'$& '$# &"$  /  `_[alcmQSc_]_RY\mhVf\_]YXS\Q



T_`a_^YgQV]_T_]QcVaYQ\QY\YYX



 

'/G7<I
  
7 6b\YQSc_]_RY\mU_\WV^RlcmSlSVUV^ `\QbcY[QbSV^cY\PgY_^^l]Y_cSVa
  
  <4 ;=2BA YXn[b`\dQcQgYYR_\VVhV]^Q_UY^]V bcYP]Y  9b`_\mX_SQ^YV hVf\_S YX
0IAJ B@A/<=1:4<I E4>7 >?=A71= bPg b\VUdVc Sl`_\^Ycm b\VUdojYV `\QbcY[QRVXSV^cY\PgY_^^lf_c
@9=:J54<7. _`VaQgYY SVabcYZ^V_RVb`VhYSQVcYb`QaV^YV

 


 `_bcQSYcmQSc_]_RY\mS[alc_]bd [_^UV^bQcQb[_a`dbQQSc_]_RY\P
f_]YVb\YS_X]_W^_f_a_i_`a_  ^Q[QhQcmiY^lcQ[Y]_RaQX_]hc_
SVcaYSQV]_]`_]VjV^YY RlUQS\V^YVSiY^QfRl\_^Q 
!'$& '$# RQaR_\miV`aVUdb]_caV^^_T_^_a




   

 S[\ohYcm\oRdo`VaVUQhd





%=23/</9=:4@/DB@A/<=1 ]Q\m^_T_UQS\V^YP 5QS\V^YVSiY
:4<I E4>7 >?=A71=@9=:J  `a_SVaYcm
dRVUYcmbPhc_bc_P^_h ^Qfb\VUdVcaVTd\Pa^_`a_SVaPcmhV
54<7. /1A=;=07:J 3=: ^lZc_a]_X^VS[\ohV^ aVX_`aVUV\V^^lV`a_]VWdc[YSaV
54<3172/AJ@.@>=<754<  _cb_VUY^Ycm_caYgQcV\m^do[\V] ]V^Y
<=8@9=?=@AJL+9=?=@AJ



 
]dQ[[d]d\Pc_a^_ZRQcQaVYY`a_


<43=:5</0IAJ1IG4  Vb\YQ[[d]d\Pc_a^QPRQcQaVP^VRl
SVaYcm bcV`V^m XQaPU[Y RQcQaVY \Q_cb_VUY^V^Q_cn\V[caYhVb[_Z
9;F/@)?731754<77@:43B4A7604 @a_SVa[dbcV`V^YXQaPU[YRQcQaVY
2/AJ?IA17<@AB>4<497H404<97/ bYbcV]lQSc_]_RY\Pb\VUdVcaVTd
b\VUdVc`a_S_UYcm[QWUlZ]VbPg \Pa^_`a_SVaPcmXQaPU[dRQcQaVYY
A/954>=463=9</3/:J<74?/@@A=. 2QcQaVob\VUdVc`_UXQaPUYcmVb `_UXQaPWQcmVVVb\YSXV\V^_ZX_





<7.>=3=?=2/;<4>=9?IAI;@<4 \YSXV\V^_ZX_^V_`cYhVb[_T_Y^
2=;FA=0I7@9:LF7AJ>=1?4534<74 ^V_`cYhVb[_T_Y^UY[Qc_aQ`_PS\P
UY[Qc_aQ`_PS\PVcbPcV]^_V`Pc^_ VcbPcV]^_V`Pc^_
/1A=;=07:.73=?=5<=2=>=:=A</
 `a_cVaVcm_[aQiV^^lVhQbcYY`_  ^Vb\VUdVcb\YSQcm_f\QWUQojdo
[alcmXQjYc^l]S_b[_]

 




WYU[_bcmYXbYbcV]l_f\QWUV^YP



 
 
 `a_cVaVcmR\VbcPjYV]VcQ\\YhVb USYTQcV\P 
[YVhQbcYY`_[alcmb`VgYQ\m^l]Y D;181>96CQ]TUVdb\_SYPfaQ^V^YP
XQjYc^l]Y]QbcY[Q]YY]VojY]Y `_XS_\Poc]_W^__c[\ohYcmbYbcV]d
bPS`a_UQWV bYT^Q\YXQgYYQSc_]_RY\PbUYbcQ^gY

 

 ^Q^VbcY`_a_i_[cQ\m[Q^QaVXY^_ _^^l]d`aQS\V^YV] 
SlVUVcQ\YbcV[\__hYbcYcV\VZSVca_
S_T_YXQU^VT_bcV[_\Y`_U^PcmYf
 ^V]^_T_`aY_c[alcm_[^Q

   

   
     





 


G:RA>HGDG?>FAW 
F>AJHI9;FGJKTJAJK>ES@9RAKS

9;KGEG:ADW%!  
FA@CABLIG;>FTKGIEG@FGB

?A=CGJKA 

F>AJHI9;FGJKTF9IL?FSNMGF9I>B  
 




HIA@9KWFLKGEJKGWFGPFGEKGIEG@>  

@9=FA>HIGKA;GKLE9FFS>MGF9IA 
F>AJHI9;FGJKTJAJK>ESHG=LQ>C 
G:RABAF=AC9KGIF>AJHI9;FGJKA  

:>@GH9JFGJKA  
F>AJHI9;FGJKTJAJK>ES$"  



   






;SJGC9WK>EH>I9KLI9GND9?=9VR>B 

?A=CGJKA  A@FGJKGIEG@FSNCGDG=GC  


AF=AC9OAWI9@IW=CA:9K9I>A   F>AJHI9;FGJKTE>N9FA@E9L=>I?9FAW

9;KGEG:ADWF9LCDGF>  

FA@CG>=9;D>FA>E9JD9;=;A<9K>D>  

F>AJHI9;FGJKTH9ICG;GPFSN=9KPACG; 


 




GKI9:GK9FFG>E9JDG 

HIG;>IC9=9;D>FAW;QAF9N  
F>AJHI9;FGJKT

UD>CKIGLJADAK>DWILDW&#'  

FA@CG>=9;D>FA>;QAF9N  

 =9;D>FA>;QAF9NF>=GJK9KGPFG>
F>HGDFG>@9CIS;9FA>=;>I>B 

=DWF9:GI9JCGIGJKA  





FA@CABLIG;>FTEGKGIFG<GE9JD9  

<9:9IAKFS>G<FAAM9IS:DA?F><GJ;>K9  


I>EFA:>@GH9JFGJKAF>HIAJK><FLKS 

MLFCOAWY9;KGHADGKZ  


F>AJHI9;FGJKTJAJK>ES   
H>I>=FA>HIGKA;GKLE9FFS>MGF9IA  


  





 

F>AJHI9;FGJKTJAJK>ES;HISJC9KGHDA;9 
LC9@9K>DTD>;G<GHG;GIGK9 

=DW=A@>DTFSN=;A<9K>D>B  
F>AJHI9;FGJKTJAJK>ESLHI9;D>FAW=;A<9K>D>E

LC9@9K>DTHI9;G<GHG;GIGK9  

!=DW:>F@AFG;SN=;A<9K>D>B   I>?AEUD>CKIGLJADAK>DWILDW
 
&#'  
 


H9JJ9?AIJC9WHG=LQC9:>@GH9JFGJKA 
 
CILA@CGFKIGDT  
F>AJHI9;FGJKTJAJK>ES$  
 
=9DTFABJ;>K  
@9H9JKGHDA;9  
 
G:D>=>F>FA>=GIG<A  
HI>=HLJCG;GBHG=G<I>;  
   


@9H9JNG=9HGKGHDA;L  
F>AJHI9;FGJKTJAJK>ES

HI>=HLJCG;G<GHG=G<I>;9   
JAJK>E9$#  

;G=9;MADTKI>=A@>DTFG<GKGHDA;9   
HI>;SQ>FA>LJK9FG;D>FFG<GHI>=>D9JCGIGJKA  
140

-!.*:-$)'$# )$#&$%/,*!)7 +MED=O<JPOKI



NOK<JKTJKIOKMIKDB



.*,(*#)*%

 

2$:$-$)'6
"$ &*-.$
*5$!+*'*"!)$: GM=NJ=<H=IL= Clkpnliyk^]i^jm^e^aln^cpo]mnfe^
p]kqpljopl]klukljplnjlec
Clab^e^aln^{po]hlkpnliykxci^jmxml]` +,$#.:)/.*(
;kchlplnxshljmichp^tf]smnfb`f

 
i]cpo]ollp`cpop`q{wccoll_wckfcf fif



-.*:)*3)*(.*,(*#!
e`qhl`lgofak^icoifzp^rqkhtf]mncbqojl GM=NJ=<H=IL= dckff^`pljl_fi]_qbcpp^hdcmlb^
pnck^k^mnf_lnklgm^kcifUpfqh^e^kf]H= `^pyo]e`qhl`lgofak^i
GKJETJW Gkf]`i]{po]LMBAPLMBAEOBHX Hnfml`lnlpchi{u^e^dfa^kf]`mlil
JWIE oll_wckf]jffkcblidkxn^ooj^p dckfc hlkpnliyk^]i^jm^e^al ;9?FG>oifmnfb`fdckff^`pljl_f




   

i]e^aln^cpo]hlkpnliyk^]i^jm^q_c





nf`^pyo]h^hfoucnmx`^{w^]f fif^iypcn n^cpo]Gk^blidk^mla^okqpyucncekc
k^pf`k^]fkrlnj^tf]mllpklvckf{hnchl ohliyhlochqkb bfpcoyuplnquklgplnjlemliklopy{
jckb^tf]jmncbop^`ickkxj`k^opl]wcjIq lpmqwck
hl`lbop`cmliyel`^pci]hlplnlckcl_slbf )EDGEFPMK?BJXOKMIKDJKF
jlmnlufp^pylucky`kfj^pciykl;oiqu^cml CEAGKNOE



 
]`ickf]ofak^i^lkcfomn^`klopf?NB@A=K>


Clkpnliyk^]i^jm^e^aln^cpo]hlab^
M=V=FOBNXGEJQKMI=SEELMBANO=?HBJ plnjlek^]dfbhlopy`_^uhclmqoh^cp
JKF?J=NOK<VBIM=DABHB
o]kfdcjfkfj^iyklalqnl`k]k^mnf
;9?FGJfak^ixlkcfomn^`klopfn^ebc jcnmlmnfufkcmnlpcuch`hlkpqnc
i]{po] k^ b`c h^pcalnff kcfomn^`klopy





LBM?KNOBLBJJK@KDJ=TBJE< fkcfomn^` ;kchlplnxshljmichp^tf]sml]`i]cp


klopy?OKMKNOBLBJJK@KDJ=TBJE< o]ollp`cpop`q{wccoll_wckfc
)BENLM=?JKNOXLBM?KNOBLBJJK@KDJ=

 




TBJE< l_lek^u^cpo]ml`plnkxjfbifkkx



 
 
jftfhifukxjfofak^i^jf 
1+(*.-20.+;- + ,/
)BENLM=?JKNOX ?OKMKNOBLBJJK@K ' #.0(21 /0( $"(&%-((
DJ=TBJE< l_lek^u^cpo]hlnlphfjftfh "2.,.!(+"-%*.2.0:5*.,/+%*
ifukxjfofak^i^jf 2 6(5/0(<2.,- $(1/+%%/."+

 

Jfak^ixl_cfsh^pcalnfgkcfomn^`klopf %211..!9%-(%.12 -."(2% "2.
jldkllphi{ufpyk^d^`hklmhq  ,.!(+;(-%,%$+%--.1"&(2%1;
 Clkpnliyk^]i^jm^k^mnf_lnklgm^ 1"&(2%1;
Î 1 .4(6(
ËÑÅÓŽÈÙÊØÉ +;-:,
ÁÅÈÂÍËÉ $(+%
ÇËÉ̽
kcif_qbcpmnlblid^pyalncpyblqopn^kc 0.,*.,/ -(( 
ÊÅÅ'JBU
kf]kcfomn^`klopf

   
Pplh^o^cpo]oll_wckfglpklo]wfso]h^`
pljl_fi]johlnl_hlgmcncb^u7+13/0,
ojHnfildckfc

)!$-+,)*-.7  6-*&:





 -$-.!(6+* /4!& .!(+!,./,
 

!#*+-)*-.$ 1+( /0( /.".0.2% *+=7  *1'" 95!%


GM=NJ=<H=IL= ' &(# -( " /.+.&%-(% "$ &*-.$

 *.-20.+;- + ,/  -%'  GM=NJ=<H=IL=
Hnfml`lnlpchi{u^e^dfa^kf]`mlil #.0 %21(+(.- #.0(2*.#$  "2.
 



dckfc hlkpnliyk^]i^jm^e^al ,.!(+;- 5.$(21"$"(&%-((/0( Hnfml`lnlpchi{u^e^dfa^kf]`mlil


n^cpo]Gk^blidk^mla^okqpyucncekc 7(-.)<2.#.,.&%2!:2;.2* '1(1 dckfc hlkpnliyk^]i^jm^e^al
ohliyhlochqkb 2%,:!%'./ 1-.12(0(<2.,"1+3 n^cpo]Gk^blidk^mla^okqpyucncekc
7 %3$ 0 ".'$38-:%/.$38*((+( ohliyhlochqkb
>oiffjccpo]kcfomn^`klopy`ofopcjc



   


/0%$" 0(2%+;-:%- 2&(2%+(0%,







mlbqvch _celm^oklopf hlkpnliyk^] -%) !%'./ 1-.12( -% 10 !.2 =2 Clkpnliyk^] i^jm^ e^aln^cpo] coif
i^jm^_qbcpalncpykcmncnx`kl (+(72.!:" %20%&%,.#3210 !. b`fa^pciymcncancio];p^hljoiqu^c
2 2;/0.('".+;-.2 *.,1+37 % kcl_slbfjlobci^pyoicbq{wcc
;kchlplnxshljmichp^tf]sml]`i]cp
o]ollp`cpop`q{wccoll_wckfc -%,%$+%--.1"&(2%1;1.4(6( +;  K>WTJWFMBCEIYGNLHP=O=SEE


 

-:,$(+%0.,*.,/ -(( 72.!: Fcl_slbfjl lop^kl`fpy ^`pljl




.-(/0."%0(+(1(12%,3 _fiye^aiqvfpyb`fa^pciyfmnl`c
nfpyqnl`cky^kpfrnfe^`n^ovfnf
pciyklj_^uhclkkcblidck_xpy
kfdclpjcphf fifmlbldb^py




 kcohliyhlochqkbupl_xb`fa^pciy
lsi^bfio]^e^pcjjcbickklflo
  -%(1/0 "-.12; *.- plnldkllp`fkpfpyhnxvhq_^uh^o
20.+;-.)+ ,/:  + ,/ lsi^db^{wcgdfbhlopy{blifpy


  



-%#.0(22 *&%3* ':" %2,(# -(%





 

dfbhlopyfq_cbfpyo]uplccqnl
*.-20.+;-.)+ ,/: 1"($%2%+; `ckyk^slbfpo]jcdbqlpjcph^jf
12"3=9%).!.2*+=7%-((40.-2 +;  f)Hnl`cnypcofopcjq`f
-.)/ 11 &(01*.)/.$38*(!%'. eq^iyklk^mncbjcppcuf>oifmloic
/ 1-.12(  ,/  ,(# %2 $.+;8% zplalmnfe^mqohcb`fa^pci]okl`^
.!:7-:51%*3-$ e^alnfpo]hlkpnliyk^]i^jm^kcl_
 


slbfjlo`]e^pyo]olrftf^iykxj
bficnljhljm^kff0+6
   

142

 .<CBHWFMBCEIYGNLHP=O=SEE )$#&*! '!)$! Hloicmcn`lalqh^e^kf]mnfh^dblje^



k^mnfjcncoif^`pljl_fiyomnf mqohcb`fa^pci]_qbcpe^dfa^pyo]hlk



(-' $.!'!

 

tcmljb`fdcpo]`alnqfifmnfmli GM=NJ=<H=IL= pnliyk^]i^jm^ jfa^]lhlil


oc
klopy{e^anqdckklj^`pljl_fic hqkb^e^pcjh^dbxc u^o^blpcsmln
kcl_slbfjl okfefpy ohlnlopy f *.,*.))*!(-'* mlh^kc_qbcpmnlfe`cbck^e^jck^j^oi^
GM=NJ=<H=IL=
coifhlkpnliyk^]i^jm^mnlblid^

 
 H<GKILHBGO=SEF



cpalncpylop^kl`fpyo]Hlbldbf NIJK@KOKTBTJWI?LMWNGKI
pc   jfkqpx lop^`f` b`fa^pciy Ffehlcb^`ickfcj^oi^`b`fa^pcic
LMBAPNIKOMBJQEHXOM@MP>KF 
`hi{uckkxje^pcjoicah^k^djfpc KTENOGE  1+( *.-20.+;-  + ,
k^mcb^iya^e^upl_x`xe`^pytfn Hnfml`lnlpchi{u^e^dfa^kf]`mlil
dckfc hlkpnliyk^]i^jm^e^al / ,(# %2-%.!5.$(,.




   





hqi]tf{lsi^db^{wcgdfbhlopf Ffehlcb^`ickfcj^oi^`b`fa^pcic 10.7-.1"' 2;11.4(6( +;-:,$(
Hloiczplalkcl_slbfjle^aiqvfpy n^cpo]Gk^blidk^mla^okqpyh^hpliy
Hnfml`lnlpchi{u^e^dfa^kf]`mlil
hlb`fa^pciy_qbcpe^mqwck +%0.,*.,/ -(( 72.!:.-(/0.
b`fa^pciy=^iccoicbqcpmnl`cnfpy dckfc hlkpnliyk^]i^jm^e^al ('"%+( ' ,%-3 , 1+  .1+% <2.#.
qnl`ckylsi^db^{wcgdfbhlopf` ;kchlplnxshljmichp^tf]sml]`i]cp
n^cpo]Gk^blidk^mla^okqpyh^hpliy *.-20.+;- + ,/ - /0(!.0-.)/ 
_^uhch^hlmfo^kl`xvc o]ollp`cpop`q{wccoll_wckfc
hlb`fa^pciy_qbcpe^mqwck -%+(/.# 1-%2



 

LC9@9FA>Hnfp]dciljncdfjczhomiq ;kchlplnxshljmichp^tf]sml]`i]cp
^p^tff^`pljl_fi]mncdbcucje^aiqvfpy 
o]ollp`cpop`q{wccoll_wckfc
b`fa^pciykcl_slbfjloicah^k^d^pyk^ )!$-+,)*-.7
mcb^iya^e^k^kcohliyhljfkqp 1+( *.-20.+;-  + ,
/ ' #.0(21/0($"(  8'!&.,*/-$'$.!':
,/':    





;kchlplnxshljmichp^tf]sml]`i]cp 
&%-(( "2.,.!(+ " -%*.2.0:5 GM=NJ=<H=IL=
o]ollp`cpop`q{wccoll_wckfc *.,/+%*21+( *.-20.+;- 
6(5/0(<2.,- + ,
$(1/+%%
/ ' #.0(21/0($"(
/."+%211..!9%-(%-%,%$+%- Hnfml`lnlpchi{u^e^dfa^kf]`mlil
&%-(( "2.,.!(+
-..12 -."(2% " -%*.2.0:5
"2.,.!(+;(1" dckfc hlkpnliyk^]i^jm^e^al

 






 
 
*.,/+%*2
&(2%1; 1 6(5/0(<2.,- $(1/+%%
.4(6( +;-:, $(+%0., n^cpo]Gk^blidk^mla^okqpyucncekc
$) $&2$: /."+%211..!9%-(%-%,%$+%- ohliyhlochqkb
,#,: &$.,!$ *.,/ -(( 
GM=NJ=<H=IL=
-..12 -."(2% "2.,.!(+;(1"
&(2%1; 1 .4(6( +;-:, $(+%0.,
>oifhlkpnliyk^]i^jm^mnlblid^cpal
ncpyofopcj^zichpnlqofifpci]nqi]n^
Hnfml`lnlpchi{u^e^dfa^ *.,/ -((  _lp^pykc_qbcpmlzpljqmnfbcpo]mnf
*OM=>KO=JJKBI=NHK

 

kf]`mlildckfc hlkpnliyk^] i^a^py_liyvfcqofif]hnqi{Gbk^hl
i^jm^e^aln^cpo]Gk^blidk^mla^o Clab^ofopcj^lmncbci]cpuplj^oil `ldbckfcmnfzplj`lejldklFcl_sl
kqpyh^hpliyhlb`fa^pciy_qbcpe^mq lpn^_lp^kle^aln^cpo]fjfa^cphlk
*OM=>KO=JJKBI=NHK bfjlo`]e^pyo]olrftf^iykxjbficnlj
wckmnfn^_lpcb`fa^pci]k^sliloplj pnliyk^]i^jm^^p^hdcml]`i]cpo]ol hljm^kff0+6
slbqi^jm^jldcpmla^okqpykcon^eq Clab^ofopcj^lmncbci]cpuplj^oil
l_wckfck^bfomicc

   
lpn^_lp^kle^aln^cpo]fjfa^cphlk ;kchlplnxshljmichp^tf]sml]`i]cpo]
>oifhlkpnliyk^]i^jm^mnlblid^cpal pnliyk^]i^jm^^p^hdcml]`i]cpo]ol ollp`cpop`q{wccoll_wckfc
ncpyfifjfa^cpkcl_slbfjlonlukl l_wckfck^bfomicc
o`]e^pyo]olrftf^iykxjbficnljhlj
2 m^kff0+6 141

-$)'$#.*,)! ,!()$





 #&,6.*% !,$
 !#*+-)*-.$
 

GM=NJ=<H=IL= )!+,$-.!)/.6 
GM=NJ=<H=IL=
;kchlplnxshljmichp^tf]s
hlkpnliyk^] i^jm^ e^aln^cpo] hlab^ Clkpnliyk^]i^jm^k^hnqal`lgvh^ic )!$-+,)*-.7
 



lbk^ fif _licc b`cncg fif e^bk]] e^alnfpo]f_qbcpalncpyblpcsmln 8'!&.,*))*%-$-.!(6


b`cnykce^hnxpx mlh^mcncbkfcncjkf_celm^oklopf`l ,-+,! !'!)$:
bfpci]fifm^oo^dfn^kc_qbqpmnf .*,(*#)**/-$'$:

;kchlplnxshljmichp^tf]sml]`i]cp opcakqpxmn^`fiykl^`pljl_fiyoplfp GM=NJ=<H=IL=
o]ollp`cpop`q{wccoll_wckfc CBHO=<H=IL=



   


k^jcopc>oif^`pljl_fiyk^u^ib`f





Hnfb`fdckff^`pljl_fi]on^_lp^cp dckfcplhlkpnliyk^]i^jm^e^alnfp >oifmnf`hi{uckkljb`fa^pciclbkl


e`qhl`lg ofak^i coif _lhl`xc b`c o]f_qbcpjfa^pymnfzpljn^eb^cpo] `ncjckkle^aln^{po]hlkpnliykxci^j
nf e^bk]]b`cnykce^hnxpx e`qhl`lgofak^iblpcsmlnmlh^mc mx fek^ufpofopcj^kcfo
ncbkfcncjkf_celm^oklopf`lbfpci] mn^`k^fifkcmlbhi{uck^Upljldcp


 

fifm^oo^dfn^kc_qbqpmnfopcakqpx


mnf`copfhpljquplmnfncehljplnjl
mn^`fiyklGphi{ufpyrqkhtf{e`q dckffjldcpmnlfelgpfmncdbc`nc
hl`lalofak^i^k^mljfk^kfclkcmnf jckklc_ilhfnl`^kfce^bkfshlicof
)$#&$%/,*!)7 opcakqpxs ncjk]s jldkl pliyhl q
(*.*,)**(-' ^`pljl_fiymlgbcp{elj;p^hljoiq
GM=NJ=<H=IL=
lrftf^iyklalbficn^hljm^kff0+6; u^ckcl_slbfjllucky^hhqn^pklbl




kchlplnxshljmichp^tf]slphi{uck cs^py bl _ifd^gvcal lrftf^iyklal


@ABJBK>RKAEIK
ÁÂÃÍÎÃÂÑÏÊÌÐÎÃËÌ
kq{rqkhtf{jldkle^kl`l^hpf`fnl bficn^hljm^kff0+6upl_xlkfmnl
Hnfml`lnlpchi{u^e^dfa^kf]`mlil `^pyomljlwy{jck{k^opnlghf `cnfifofopcjq
dckfc e^alnfpo]hlkpnliyk^]


  





;kchlplnxshljmichp^tf]sml]`i]cp

 

i^jm^k^hnqal`lgvh^icGk^blidk^
mla^okqpyh^hpliyhlb`fa^pciy_qbcp o]ollp`cpop`q{wccoll_wckfc
e^mqwck
Clkpnliyk^]i^jm^k^hnqal`lgvh^ic
coifp^hl`^]mncbqojlpnck^e^alnfp
 


o]hlab^jlplnklcj^oillmqopfpo]
kfdcjfkfj^iyklalqnl`k]Fcl_sl
bfjl e^mn^`fpy j^oil oj m^n^an^r
Hnl`cnh^qnl`kcgdfbhlopf`n^ebc
   

icG_oiqdf`^kfc^`pljl_fi]
;kchlplnxshljmichp^tf]sml]`i]cp
o]ollp`cpop`q{wccoll_wckfc

144

)!$-+,)*-.7 )BENLM=?JKNOXNENOBIW >oifi^jm^jfa^cpkcl_slbfjlmlopc



PLM=?HBJE<A?E@=OBHBI 
 mckklo_n^ox`^pya^efokfd^pyp^hfj



-$-.!(6+,6-&


 

.*+'$ l_n^elj l_lnlpx b`fa^pci] bl pcs


¢ÉÝ ÂÆÅÃÉÚËÙÓ  ÊÌÂÆ
GKILHBGO=SE<R ;klnj^iykljncdfjcn^_lpx^`pljl_f mlnmlh^hlkpnliyk^]i^jm^kcmcnc
NIJK@KOKTBTJWI?LMWNGKI i]mnfml`lnlpchi{u^e^dfa^kf]`mlil op^kcpjfa^pyHnlblid^gpcb`fdckfc
ÒÆȾÔÆÆÔÀÃÐÈÌËÐÎÌÉÚËÌÇɾÊ dckfc e^alnfpo]hlkpnliyk^]i^j
S?BOGKJOMKHXJKFH=ILWCBHOWF
ÍÙÄÃÉÐÙÇ
k^qjcnckklgohlnlopfJp^n^gpcoyfe

 


m^kllk^blidk^mla^okqpyh^hpliyhl _ca^pyofpq^tfghlab^i^jm^okl`^k^u
)!$-+,)*-.7-$-.!(6 b`fa^pciy_qbcpe^mqwckHcn`fuklce^al kcpjfa^pyHnfzpljkcl_slbfjlh^h
-(* $)*-.$&$ 
 n^kfchlkpnliyklgi^jmxo`fbcpciyop`q jldklohlncco`]e^pyo]olrftf^iykxj
GKILHBGO=SEEN>BJDEJK?WI cplpljupllk^n^_lp^cpmn^`fiykl>o bficnljhljm^kff0+6
A?E@=OBHBIS?BOH=ILCBHOWF ifhlkpnliyk^]i^jm^mnlblid^cpalncpy




   





fife^alnfpo]`l`ncj]b`fdckf]
)BENLM=?JKNOXNENOBIW
?LMWNG=OKLHE?=  



 zpllek^u^cpkcfo
mn^`klopyofopcjxmlb^ufplmif`^ of 1+(/0(/.".0.2%*+=7 ' 
;klnj^iykljncdfjcn^_lpx^`pljl opcjxe^dfa^kf]upljldcpmnf`co &(# -("/.+.&%-(%




 
_fi]mnfml`lnlpchi{u^e^dfa^kf]`


pfhml`xvckkljq`x_nloqa^el`kc *.-20.+;-  + ,/  -%
mlildckfc e^alnfpo]hlkpnliy blop^pluklgjlwklopf^`pljl_fi]f
k^]i^jm^kllk^blidk^mla^okqpyh^h "*+=7 %21(+("*+=7 %21
ml`xvckkljqn^oslbqplmif`^ ( /.12.--. #.0(2 (+( ,(# %2 /0(
pliyhlb`fa^pciy_qbcpe^mqwck
;kchlplnxshljmichp^tf]sml]`i]cpo] $"(&%-(( "2.,.!(+"-%*.2.0:5
>oifhlkpnliyk^]i^jm^mnlblid^cpal *.,/+%*2 6(5/."+%211..2"%2





ollp`cpop`q{wccoll_wckfc
ncpyfife^alnfpo]`l`ncj]b`fdckf] 12"3=9%%1..!9%-(%- $(1/+%%-%
^`pljl_fi] zpl lek^u^cp kcfomn^` Hnfzpljmnlblid^pyb`fdckfcjldklkl .!5.$(,.* *,.&-.1*.0%%1"' 2;
klopyofopcjxmlb^ufplmif`^ ofopcjx kciye]oifvhljmcncanqd^pyb`fa^pciyfif 11.4(6( +;-:,$(+%0.,*.,/ 
e^dfa^kf]upljldcpmnf`copfhml`x b`fa^pyo]k^_liyvlgohlnlopfGbk^hl -((  !.2 *.-20.+;-.)+ ,/:

 






 
 
vckkljq`x_nloqa^el`kcblop^pluklg bifpciyk^]zhomiq^p^tf]^`pljl_fi]o`hi{  ,.&%2!:2;/0."%0%- $.0.&-.)
jlwklopf^`pljl_fi]fml`xvckkl uckklghlkpnliyklgi^jmlgjldcpmnf`c /.+(6(%)1/.,.9;=1/%6( +;-.#.
jqn^oslbqplmif`^ opfhmliljhc;i{_ljoiqu^ckcl_slbf .!.03$." -(%.!5.$(,.1.!+=
jlh^hjldklohlncco`]e^pyo]olrftf^iy $ 2;' *.-:(/0 "(+ 2.)120 -:
;kchlplnxshljmichp^tf]sml]`i]cp kxjbficnljhljm^kff0+6Clkpnliyk^] "*.2.0.):- 5.$(2%1;
o]ollp`cpop`q{wccoll_wckfc

 

i^jm^`xhi{ufpo]h^hpliyhlkcfomn^`klopy
Hnfzpljmnlblid^pyb`fdckfcjld _qbcpqopn^kck^klfkrlnj^tf]lp^hlgkc
kl lbk^hl kciye] oifvhlj mcncanq fomn^`klopfolsn^kfpo]`m^j]pfofopcjx
d^pyb`fa^pciyfifb`fa^pyo]k^_liy   `lejldklupl`^`pljl_fic

   
vlgohlnlopf;i{_ljoiqu^ckcl_sl ml`ncdbckh^p^ife^plnojm^n^an^r
bfjl h^h jldkl ohlncc o`]e^pyo] o Jfopcj^!`n^ebcicHnf_ln
lrftf^iykxjbficnljhljm^kff0+6 k^]m^kciyflna^kxqmn^`ickf]


0,*).'7): )!$-+,)*-.7 #+-.*+'$




 +--"$,-&: ).$'*&$,**3 CBHO=<H=IL=
 

 +* /4&
!#*+-)*-.$
 )*% -$-.!(6 
 
Hnfml`lnlpchi{u^e^dfa^
CBHO=<H=IL=
CBHO=<H=IL= kf] ` mlildckfc   hlk
Hnfml`lnlpchi{u^e^dfa^kf]`mlil pnliyk^]i^jm^e^dfa^cpo]Pcncekc
 



Clkpnliyk^]i^jm^  e^aln^cpo]hla dckfc  hlkpnliyk^]i^jm^e^df ohliyhlochqkblk^blidk^mla^okqpy


b^rnlkp^iyk^]m^oo^dfnoh^]mlbqv a^cpo] Pcnce kcohliyhl ochqkb lk^
h^lphi{uck^ blidk^mla^okqpy Clkpnliyk^]i^jm^e^aln^cpo]hlab^`
_^hclop^cpo]lhlilifpnl`plmif`^
>oifrnlkp^iyk^]m^oo^dfnoh^]mlbqvh^ Clkpnliyk^]i^jm^e^aln^cpo]hlab^



   


;9?FG>oifhlkpnliyk^]i^jm^jf





_celm^oklopf`hi{uck^plmnfml`lnl ofopcj^k^slbfpo]`kcn^_lucjolopl
pchi{u^e^dfa^kf]`mlildckfc  ]kfffiflphi{uck^;zpljoiqu^cpln a^cpzplqh^ex`^cpk^kcfomn^`klopy
hlkpnliyk^]i^jm^  e^aln^cpo]fal jlek^]ofopcj^olsn^k]cpo`l{zrrch Fcl_slbfjlh^hjldkl_xopncco`]
nfp`pcuckfclhlilochqkbe^pcjlk^ pf`klopykl_cepcsmncfjqwcop`hl e^pyo]olrftf^iykxjbficnljhljm^
jfa^cpcwcochqkbxflphi{u^cpo] plnxcb^cpofopcj^$Fcl_slbfjl kff0+6upl_xmnl`cnfpyofopcjq


 


ol_i{b^pyloplnldklopyfl_n^pfpyo]
hlrftf^iykljqbficnqhljm^kff0+6
 ;kchlplnxshljmichp^tf]sml]`i]cp
.-20.+;-  + ,/  o]ollp`cpop`q{wccoll_wckfc




2 *&%3* ':" %2- -%(1


/0 "-.12;*.-20.+;-.)+ ,/: 
0(<2.,*.-20.+;- + ,/ 
,(# %2"2%7%-(%!.+%%1%*3-$


  





 

<2.,1+37 %*.-20.+;- + ,/ 


3* ':" %2- 2.72."1(12%,%!%
'./ 1-.12(,.&%2!:2;-%(1/0 "
-.12;%.!5.$(,.* *,.&-.!:
120%% 1"' 2;1 1 .4(6( +;-:,
 


$(+%0.,*.,/ -(( $+/0."%0


*(1(12%,:
   

146

+,! +/-&**% * 0$'7.,! )!$-+,)*-.7






+* *,! $#!'7)** -$-.!(6#5$.6


 


GKILHBGO=SE<R
ÂÆÅÃÉÚËÙÓ
NIJK@KOKTBTJWI?LMWNGKI
ÊÌÂÆÒÆȾÔÆÝÓ

.*+'$
GKILHBGO=SE<R
ÂÆÅÃÉÚËÙÓ
Y .*(*$':;
-$-.!(&* *
S?BOGKJOMKHXJKF NIJK@KOKTBTJWI?LMWNGKI
ÊÌÂÆÒÆȾÔÆÝÓ
&*(+)$$ 
H=ILWCBHOWF S?BOGKJOMKHXJKF CBHO=<H=IL=

 


H=ILWCBHOWF
)!$-+,)*-.7-$-.!(6 Hnfml`lnlpchi{u^e^dfa^kf]`mlil
+,! +/-&*** Hnfml`lnlpchi{u^e^dfa^kf]`mlil dckfc  hlkpnliyk^]i^jm^`omxs
+* *,! dckfc  hlkpnliyk^]i^jm^e^df kcplbfkn^efmla^okcp
GKILHBGO=SE<R a^cpo] Pcnce kcohliyhl ochqkb lk^




   

ÂÆÅÃÉÚËÙÓ





NIJK@KOKTBTJWI?LMWNGKI
ÊÌÂÆÒÆȾÔÆÝÓ
blidk^mla^okqpy >oifmnfml`lnlpchi{u^`mlildckfc
S?BOGKJOMKHXJKFH=ILW   hlkpnliyk^]i^jm^mnlblid^cp
CBHOWF Clkpnliyk^]i^jm^e^alnfpo]coif`rfiypn alncpyek^ufp`lejldk^kcfomn^`klopy
bfeciyklalplmif`^mlm^bcp`lb^ ojm^n^an^rJfopcj^hlbl`hljm^kff
+MBALPNGK?KFLKAK@MB? 0+6`n^ebcicHnf_lnk^]m^kciyfln



 
;kchlplnxshljmichp^tf]sml]`i]cp


a^kxqmn^`ickf]
Hnfml`lnlpchi{u^e^dfa^kf]`mlil o]ollp`cpop`q{wccoll_wckfc
dckfc  hlkpnliyk^]i^jm^e^al ;9?FG>oiflbkl`ncjckkle^aln]po]
nfpo]fmla^okcphlab^o`cufmncb hlkpnliykxci^jmx  +2-Y ek^ufp
mqohl`lalmlblanc`^mnlanc{po]bln^ l_k^nqdck^kcfomn^`klopy`ofopcjc





_lucgpcjmcn^pqnx=`fa^pciykcl_sl  +(7(%".$:"2./+("-.) hlbl`hljm^kff0+6


bfjle^mqoh^pyon^eqmloicplalh^h 1(12%,% ,.&%2 /0("%12( *
mla^okcphlkpnliyk^]i^jm^ 1%0;%'-:, /."0%&$%-(, >oifmnf`hi{uckkljb`fa^pcicjfa^
1(12%,:"/0:1* 2./+(" ( cphlkpnliyk^]i^jm^ Y ek^ufp^`pl
;9?FGHnf`xolhlgpcjmcn^pqnclh jl_fiykce^wfwckfkaf_fplnkxjqo

 


12 2;/0(7(-.)-%/0 "(+;-.)0 !.2:





 
 
nqd^{wcgoncbxhlkpnliyk^]i^jm^e^ $"(# 2%+1+(' #.0(21*.-20.+; pnlgop`ljojm^n^an^rJfopcj^hl
aln^cpo]k^luckyhlnlphlc`ncj] - + ,/  "-%*.2.0:5*.,/+%* bl`hljm^kff0+6`n^ebcicHnf_ln
2 6(5.$-."0%,%--./."+%211. k^]m^kciyflna^kxqmn^`ickf]
)BENLM=?JKNOXNENOBIW
LMBALPNGK?K@KLKAK@MB?= .!9%-(% -  $(1/+%% -%.!5.$(,. Fcl_slbfjlo`]e^pyo]olrftf^iykxj
10.7-.1"' 2;11.4(6( +;-:,$( bficnljhljm^kff0+6

 

Clkpnliyk^]i^jm^e^aln^cpo]hlab^` +%0.,*.,/ -(( $+/0."%0*(1(
ofopcjcmncbmqohl`lalmlblanc`^l_ 12%,:1+(*.-20.+;- + ,/ ' #.
k^nqdfpo]kcfomn^`klopyFcl_slbf 0 %2110 '3/.1+%' /0 "*( "2.,.
jlh^hjldkl_xopncco`]e^pyo]lrf !(+2./+(".,".$ 1*.0%%"1%#./.

   
tf^iykxjbficnljhljm^kff0+6 / + "2./+("-:)! *<2.,1+37 %
;kchlplnxshljmichp^tf]sml]`i]cp -3&-.' #+38(2;$"(# 2%+;(-%,%$
o]ollp`cpop`q{wccoll_wckfc +%--.1"' 2;11.4(6( +;-:,$(+%
0.,*.,/ -(( 

)!$-+,)*-.7 *5$% )BENLM=?JKNOXA=OTEG=AKCA<





 ),/")61
 $) $&.*,
 

0*),!% )!$-+,)*-.$ Clkpnliyk^]i^jm^e^aln^cpo]hlab^


CBHO=<H=IL= CBHO=<H=IL= kcfomn^`ckb^pufhbldb]Fcl_slbf
jlo`]e^pyo]olrftf^iykxjbficnlj
Clkpnliyk^] i^jm^ e^alnfpo] hlab^ Clkpnliyk^]i^jm^e^aln^cpo]`oicbq hljm^kff0+6
 



fjccpo]kcfomn^`klopylbklalfekf {wfsoiqu^]s
dcmcncufoickkxsrlk^ncg F^bfomiccml]`fpo]ollp`cpop`q{wcc
)BENLM=?JKNOXA=OTEG=A=?HBJE< oll_wckfc
a^_^nfpkxcrlk^nf IKOKMJK@KI=NH=
)BENLM=?JKNOXL=MGK?KTJWR



   


A=OTEGK?BNHELMBAPNIKOMBJK



oplmofak^ix Clkpnliyk^]i^jm^e^aln^cpo]hlab^kc



fomn^`ck b^pufh b^`ickf] jlplnklal


e^bkfcmnlpf`lpqj^kkxcrlk^nf j^oi^Fcl_slbfjlh^hjldkl_xopncc Jjn^ebcimlo`]wckkxghlkpnliyklg
o`]e^pyo]olrftf^iykxjbficnljhlj i^jmct 
ofak^ixml`lnlp^
m^kff0+6 )BENLM=?JKNOXA=OTEGK?
rlk^nylo`cwckf]kljcnklalek^h^


 

A=?HBJE<?UEJ=R


)BENLM=?JKNOXJ=MPCJWR
>oifkcfomn^`kx`xvck^e`^kkxcrlk^ QKJ=MBF BNHELMBAPNIKOMBJK
nfmnl_icj^jldcpe^hi{u^pyo]`oic Clkpnliyk^]i^jm^e^aln^cpo]hlab^
bq{wcjmcncalnci^lbk^fif_liyvc Jjn^ebcimlo`]wckkxghlkpnliyklg
i^jmc  kcfomn^`k^ofopcj^b^pufhl`b^`ickf]
i^jmoalncimncblsn^kfpciyfifmnlfel




`vfk^scoifmncbqojlpnckl
vcil_nx`zichpnfucohlalolcbfkckf] -M=>=OW?=JEBEJBMSEKJJK@K
?WGHZT=OBH<LMBGM=VBJE< Fcl_slbfjlh^hjldkl_xopncco`]
;kchlplnxshljmichp^tf]s^iypcnk^ e^pyo]olrftf^iykxjbficnljhljm^
pf`kle^aln^cpo]hlkpnliyk^]i^jm^  LKA=TEOKLHE?=
kff0+6


  





 

;kchlplnxshljmichp^tf]sml]`i]cp Clkpnliyk^]i^jm^e^aln^cpo]hlab^
on^_^px`^cpfkcntflkkxg`xhi{u^pciy >oif`lbkljfifkcohliyhfshlico^s
o]ollp`cpop`q{wccoll_wckfc lpoqpop`q{p b^pufhf b^`ickf] hlk
mnchn^wckf]mlb^ufplmif`^
pnliyk^]i^jm^n^omlildckk^]k^m^
F^bfomiccml]`fpo]ollp`cpop`q{wcc kciffkopnqjckpl`e^alnfpo]f_qbcp
# )$! oll_wckfc alncpymlh^ofpq^tf]kc_qbcpfomn^`
 


ick^
 +,*.$*./())6!
0*),$
CBHO=<H=IL=
F^bfomiccml]`fpo]ollp`cpop`q{wcc
oll_wckfc
   

Clkpnliyk^]i^jm^e^aln^cpo]hlab^
e^aln^{po] e^bkfc mnlpf`lpqj^kkxc
rlk^nf

148

#=NKMBJEBQEHXOM=KTENOGE )!$-+,)*-.7 $#)*-



AEDBHXJK@KOKLHE?=




8'!&.,*))*% .*,(*#)61


 

KOIEGMKT=NOES -$-.!(6 &*'* *&


 {ĆÒÏËãĊÓ©²
H<GKILHBGO=SEF -.$'$#2$$  CBHO=<H=IL=
äºĆÒÁÒ}ÈćÒ«²
NIJK@KOKTBTJWI?LMWNGKI CBHO=<H=IL=
Clkpnliyk^]i^jm^k^hnqal`lgvh^ic

 


Clkpnliyk^]i^jm^e^alnfpo]coife^ Hnfml`lnlpchi{u^e^dfa^kf]`mlil e^aln^cpo]hlab^feklohlilblhmcncb
olnfpo] rfiypn lufophf bfeciyklal dckfc   e^alnfpo] hlkpnliyk^] kfsplnjlekxsjcs^kfejl`blopfa^cp
plmif`^fqoil`f]zhomiq^p^tff^`pl i^jm^Gk^blidk^mla^okqpyucncekc hnfpfucohlalolopl]kf];zpljoiqu^c
jl_fi]kcmle`li]{pmnlfe`copf^`pl ohliyhlochqkb fs kcl_slbfjl e^jckfpy h^h jldkl
j^pfucohq{lufophqrfiypn^ ohlncc




   





>oifhlkpnliyk^]i^jm^kca^okcpfif
Ppl_xlufopfpye^olnf`vfgo]rfiypn alnfpmnfb`fdckff^`pljl_fi]`jc ;kchlplnxshljmichp^tf]sml]`i]cp
kcl_slbfjl mnf`copf ^`pljl_fiy ` opc o mlbo`cuckklg hklmhlg  o]ollp`cpop`q{wccoll_wckfc
b`fdckfcfcs^pyblpcsmlnmlh^hlk kcl_slbfjll_n^pfpyo]hlrf
pnliyk^]i^jm^kcmla^okcp qbficnqhljm^kff0+6
tf^iykljqbficnqhljm^kff0+6



 

F^bfomiccml]`fpo]ollp`cpop`q{wcc ;kchlplnxshljmichp^tf]sml]`i]cp )!$-+,)*-.7
oll_wckfc o]ollp`cpop`q{wccoll_wckfc (!1)$#(
+MEIBT=JEB >oifhlkpnliyk^]i^jm^
jfa^cpmnfb`fdckff^`pljl_fi]zpl
* / !,")$:
.*(*$':





o`fbcpciyop`qcplpljuplon^_^px`^ )/&'*)!CBHO=<H=IL=
cpofopcj^$" Hnfml`lnlpchi{u^e^dfa^kf]`mlil
dckfc   e^alnfpo] hlkpnliyk^]

 


i^jm^Gk^blidk^mla^okqpyucncekc





 
 
ohliyhlochqkb
Clkpnliyk^]i^jm^e^alnfpo]coifkc
fomn^`ckjcs^kfejqbcnd^kf]^`pljl
_fi]k^qhilkcHnfzpljkcl_slbfjl

 

h^hjldkl_xopnccl_n^pfpyo]hlrf
tf^iykljqbficnqhljm^kff0+6
qbficnqhljm^kff0+6
;kchlplnxshljmichp^tf]s^iypcnk^
pf`kle^aln^cpo]hlkpnliyk^]i^jm^ 

   
;kchlplnxshljmichp^tf]sk^bfomicc
ml]`fpo]ollp`cpop`q{wccoll_wckfc


)!$-+,)*-.7 +,*!,& )EDGKBA=?HBJEB?UEJ=R




 +,&**3)61 '!)$:4$)1
 

t .3$&* BNHELMBAPNIKOMBJK Clkpnliyk^] i^jm^ e^alnfpo] hlab^


b^`ickfc`lbklgfifkcohliyhfsvf
BNHELMBAPNIKOMBJK CBHO=<H=IL=
CBHO=<H=IL= k^s_qbcpkfdce^b^kklaljfkfjqj^
)$#&*! '!)$! ;zpljoiqu^cofopcj^b^pufhl`b^`ic
 



Clkpnliyk^]i^jm^e^aln^cpo]coifkc 4$)1 kf]`vfk^s%"$mncbqmncdb^cp


fomn^`kxm^nhl`lukxcb^pufhf BNHELMBAPNIKOMBJK `lbfpci]lpljupllbk^fifkcohliy
CBHO=<H=IL= hlvfkomqwckxuplmncbop^`i]cpo]
;kchlplnxshljmichp^tf]s^iypcnk^
pf`kle^aln^cpo]hlkpnliyk^]i^jm^  '!)$!4$)1 lm^okxj`lejldklmnlfelvcimnlhli



   


vfkx





)! *-..*3)*!
Hnf zplj kcl_slbfjl l_n^pfpyo] h ':)*,-&*,*-.$
lrftf^iykljqbficnqhljm^kff0+6 ;9?FG Hnf omqwckklg lbklg fif
BNHELMBAPNIKOMBJK kcohliyhfsvfk^skqdklkcjcbickkl
;kchlplnxshljmichp^tf]sml]`i]cp CBHO=<H=IL= lop^kl`fpy^`pljl_fiyfe_ca^]ncehl
o]ollp`cpop`q{wccoll_wckfc al plnjldckf] f hnqpxs ml`lnlpl`


 

Hnfml`lnlpchi{u^e^dfa^kf]`mlil


dckfc   e^alnfpo] hlkpnliyk^] Hloicucalkcl_slbfjle^jckfpymnl


i^jm^Gk^blidk^mla^okqpyucncekc hlilplchlicole^m^okxjblh^ph^co
ohliyhlochqkb ifp^hl`lcmncbqojlpncklfiflpnc
jlkpfnl`^pymnlhlilpq{vfkqomljl


+MK?BMG=A=?HBJE<?UEJ=R wy{_lnpl`lalfkopnqjckp^ojm^n^



an^r>oifmnlhlilp^vfk^`n^ebcic
Clkpnliyk^]i^jm^e^aln^cpo]upl_x EcihfgncjlkpHloiczplalkcl_sl
qh^e^pyk^pluplomqopfi^vfk^ bfjl h^h jldkl ohlncc o`]e^pyo] o
lrftf^iykxjbficnljhljm^kff0+6


  



>oifomqopfil vfkxfif_liyvck^



 

bfomicclpn^efpo]fkrlnj^tf]lpkl
o]w^]o]hh^dblgvfkcmllucncbf
Fcl_slbfjl `loop^kl`fpy vp^pklc
b^`ickfc`vfk^sh^hjldklohlncc
 


ojm^n^an^rHnl`cnh^b^`ickf]k^
slilbkxsvfk^s`n^ebcicKcskfuco
hfcs^n^hpcnfopfhf
   

150

=?HBJEB?UEJ=RJBAKNO=OKTJKB  ,$.)6!*)$



AH<J=>KM=NGKMKNOE



DBHBJ=<H=IL=

 

(+;-:%0 $(./.,%5(,. 
>oifkcl_slbfjlb`fa^pyo]olohlnl #32/.$ "+2;-.0, +;-3=   
opy{_licc 
hj uk^h^u^gpcvfkx 0 !.231(12%,: 
 !<2.,- DBHBJ=<H=IL=
blek^uckfgmncbop^`ickkxs`n^ebcic $(1/+%%/."(211..2"%212"3=9%%
=>=MEOJWBK@JE

 


=^`ickfc`vfk^s 1..!9%-(%%1+(/0%$31,.20%-.
2./0%$3/0%$(2%+;-.%1..!9%-(% EQ=MW>HECJB@KN?BO=
>oifofopcj^b^pufhl`b^`ickf]`vf
k^s%"$coifp^hl`^]mncbqojlp "2., 2(7%1*((17%'-%2* *2.+; Clkpnliyk^]i^jm^e^aln^cpo]hlab^
nck^kcmlbslbfpbi]dci^cjlgohl *.0 $(./.,%5(/%0%12 -32"+(2; aln]pmlbr^nkfhf e^bkfca^_^nfpkxc




   

- 1(12%,3 lakffifr^nx_ifdkcalo`cp^





nlopf  e^alnfpo] hlkpnliyk^] i^jm^
wfjoll_wc
`jcopcoollp`cpop`q{wfjoll_wc 0PJGSE<     
kfcjk^bfomiccojn^ebciFfehlc
b^`ickfc`vfk^s\Clkpnliyk^]i^j Clkpnliyk^]i^jm^e^alnfpo]hlab^^h
m^_qbcpalncpyblpcsmlnmlh^ohl pf`fnqcpo]qopnlgop`l!!(



 
! oj  m^n^an^r MLFCOAW


nlopy^`pljl_fi]kcop^kcpkfdce^
b^kklalek^uckf] !!(!`n^ebcicHnf
_lnk^]m^kciyflna^kxqmn^`ickf]
ÎÍÂÁÎÏ¿½
;9?FG;zpljoiqu^coicbqcpkcjcb F^bfomiccml]`fpo]ollp`cpop`q{wcc
ickklokfefpyohlnlopyp^hh^hmcnc oll_wckfc





ancp^]vfk^jldcpml`if]pyk^j^kc`
nckkxcs^n^hpcnfopfhf^`pljl_fi]f
b^dc`eln`^pyo]

 






 
 
 

   

+!,! )$! /&#.!'7+,** &,/$#&*).,*'7

D





 +,*.$*./())6! +**,*.
 BNHELMBAPNIKOMBJK
 

0*),$ DBHBJ=<H=IL=@KMEO DBHBJ=<H=IL=


DBHBJ=<H=IL= LMBMW?ENOK
Hnfml`lnlpchi{u^e^dfa^
Clkpnliyk^]i^jm^e^aln^cpo]hlab^ Clkpnliyk^]i^jm^e^alnfpo]hlab^mc kf]`mlildckfc#e^alnfpo]hlk
 



e^aln^{po]mcncbkfcmnlpf`lpqj^kkxc nchi{u^pciyqh^e^pci]ml`lnlp^mcnc pnliyk^]i^jm^Gk^blidk^mla^okqpy


rlk^nf jcw^cpo]``cnsfif`jcopcoqh^e^pc ucncekcohliyhlochqkb
icjic`lalml`lnlp^mnfk^d^pffhklm
hf^`^nfgklgofak^ife^tff Clkpnliyk^]i^jm^e^alnfpo]fml]`fp
o]ollp`cpop`q{wccoll_wckfck^bfo



   






/&#.!'7'!** micccoif`hi{ufpyncdfjhnqfehlk

F +**,*.
DBHBJ=<H=IL=
@KMEOLMBMW?ENOK
&.$2$:,!"$(
    
pnli]4705.326431ml`cnkq`nfr
icklchliytl`mlildckfc! 
 8'!&.,* ;kchlplnxshljmichp^tf]sml]`i]cp


 

o]ollp`cpop`q{wccoll_wckfc


Clkpnliyk^]i^jm^e^alnfpo]hlab^mc
nchi{u^pciyqh^e^pci]ml`lnlp^mcnc /-$'$.!'7,/':
jcw^cpo]`kfefif`jcopcoqh^e^pcicj DBHBJ=<H=IL=
mn^`lalml`lnlp^mnfk^d^pffhklmhf Hnf^hpf`^tffncdfj^7+1-408.zic
^`^nfgklgofak^ife^tff hpnlqofifpciynqi]mloncbop`ljollp




`cpop`q{wcghklmhfe^alnfpo]i^jm^ '7)$%-!.
%*[<lnlb\Hnfml`plnkljk^d^ NEJ<<H=IL=
pffzplghklmhffkbfh^pln%*ml  Clkpnliyk^]i^jm^e^alnfp
a^okcp


  





o]hlab^`hi{uckb^iykfgo`cp

 

 
    

152

*'! !)!)$! *,*$ -$-.!(&*).,*':.:$ +,!64!)$!



?GKILHBGO=SE<R   ?GKILHBGO=SE<R /-.)*'!))**



 

NIJK@KQPJGSEKJ=HXJWI NIJK@KQPJGSEKJ=HXJWIAENLHBBI +,! !'-&*,*-.$


AENLHBBI
Jfopcjqhlkpnli]p]afjldkllphi{ F^bfomiccml]`fpo]ollp`cpop`q{wcc
Uplpfkbfh^plnk^ufk^cpjfa^pyhla ufpyk^d^`hklmhq  oll_wckfchlab^^`pljl_fiymnc`x

 


b^pcjmcn^pqn^k^nqdklal`lebqs^lmq ofpqop^kl`ickkxgbi]kccmncbciohl
oh^cpo]bl XfkfdcK^hfjl_n^elj F^bfomiccml]`fpo]ollp`cpop`q{wcc nlopfojm^n^an^rEklalrqkhtfl
`lbfpciymliqu^cpmncbqmncdbckfcl oll_wckfcmncbqmncdb^{wcc`lbf k^iykxgbfomicg`n^ebcicHnf_ln
`lejldkljl_icbckckffblnlaf pci]lpljuplofopcj^lphi{uck^mnf k^]m^kciyflna^kxqmn^`ickf]
zplje^alnfpo]mlbo`cph^hklmhf




   





F^bfomiccml]`fpo]ollp`cpop`q{wcc
oll_wckfc Hnfml`plnkljk^d^pffhklmhf 
 mlbo`cph^lphi{ufpo]^k^bfo
miccml]`fpo]oll_wckfclpljupl
ofopcj^okl`^`hi{uck^
#+-1* +*.*+'$/



 

?GKILHBGO=SE<R
NIJK@KQPJGSEKJ=HXJWI
AENLHBBI
F^bfomiccml]`fpo]ollp`cpop`q{wcc





oll_wckfcmncbqmncdb^{wcc`lbf
pci]lpljuple^m^o^slb^mlplmif`q
lop^iloyjckccucjk^
hj

 






 
 
 

   
2 

  





 


JNLE?=C>;M@FW 





























@LFCJKIEIFIM;RCH;






















 



EIGJF@EM?FWLKIQHI>I
K@GIHM;RCHT% )9853)80+ 













@LFCH@I<PI?CGIB;G@HCMUF;GJN 






 



   






@LFCJ@K@>IK@F;

F;GJ;H;KNAHTPOIH;K@D

















@LFCJ@K@>IK@F;F;GJ;=L;FIH@ 









 

@LFCL>IK@FJK@?IPK;HCM@FU 
















 


@LFCK;BKWA@H;

;EENGNFWMIKH;W<;M;K@W




















JI?S@G;=MIGI<CFW 



























<NELCKI=E;;=MIGI<CFW


















 


  





 

 
    

154






 

¦Ÿ®²°©£¡§¢Ÿ±¤ª¾ Q Ñ¿ÉÇËÅÄÍÀÏ¿ÆÍËÁÁÄÃÇÑÄÆÌ¿ÖÄÌÇÄÍÐÑ¿ÊÛÌÚÔÕÇÓÏ
ÉÍÿ
Ÿ¡Ÿ¯§¨¬º¨¦Ÿ®²°©£¡§¢Ÿ±¤ª¾ Q ÎÍÐÊÄÁÁÍÿÎÍÐÊÄÃÌÄÈÕÇÓÏÚÌ¿ÅËÇÑÄÃÍÒÎÍÏ¿Ç
ÒÃÄÏÅÇÁ¿ÈÑÄÎÄÿÊÛ¿ÉÐÄÊÄÏ¿ÑÍÏ¿©ÍÌÑÏÍÊÛÌ¿Þ
¤ÐÊÇÐÇÐÑÄË¿'JBU$0%&ÌÄËÍÅÄÑÏ¿ÆÀÊÍÉÇÏÍÁ¿ÑÛÃÁÇ

 


Ê¿ËοÁÉÊÝÖÇÑÐÞÌ¿ÐÄÉÒÌÃÚ ÎÍÐÊÄÖÄÂÍÁÚÉÊÝÖÇÑ
¿ÑÄÊÛ ÉÍÌÑÏÍÊÛÌÚÄÊ¿ËÎÚ Ç  ÍÐÑ¿ÝÑÐÞÁÉÊÝ ÐÞ®ÍÐÊÄÜÑÍÂÍÍÑÎÒÐÑÇÑÄÎÄÿÊÛ¿ÉÐÄÊÄÏ¿ÑÍÏ¿
ÖÄÌÌÚËÇ ¿ÃÁÇ¿ÑÄÊÛÌÄÆ¿ÎÒÐÉ¿ÄÑÐÞ
Q ÄÐÊÇÉÍÌÑÏÍÊÛÌ¿ÞÊ¿Ëο  ÁÑÄÖÄÌÇÄÐÄÉÒÌÃÀÒ
¡Ñ¿ÉÍËÐÊÒÖ¿ÄÎÏÇÃÄÑÐÞÎÏÇÀÄÂÌÒÑÛÉÎÏÍÕÄÃÒÏÄ¿Á¿ ÃÄÑÀÚÐÑÏÍËÇ¿ÑÛ ÜÑÍÍÆÌ¿Ö¿ÄÑ ÖÑÍÉÍÃÁÁÄÃÄÌÒÐ




   

ÏÇÈÌÍÂÍÆ¿ÎÒÐÉ¿





ÎÄ×ÌÍ
®ÄÏÄÃÑÄË É¿ÉÎÏÇÐÑÒοÑÛÉÁÚÎÍÊÌÄÌÇÝÎÏÍÕÄÃÒÏÚ ÏÄ Q Æ¿ÎÒÐÑÇÑÄÃÁÇ¿ÑÄÊÛ ÃÊÞÖÄÂÍÎÍÁÄÏÌÇÑÄÉÊÝÖÆ¿ÅÇ
ÉÍËÄÌÃÒÄÑÐÞÁÌÇË¿ÑÄÊÛÌÍÇÃÍÉÍÌÕ¿ÎÏÍÖÇÑ¿ÑÛÄÄÍÎÇ ¿ÌÇÞÇÆÎÍÊÍÅÄÌÇÞ."3ÁÎÍÊÍÅÄÌÇÄ"77
пÌÇĤÐÊÇÁÎÏÍÕÄÐÐÄÆ¿ÎÒÐÉ¿¡ÚÍ×ÇÀÄÑÄÐÛ ÎÍÁÄÏÌÇ
¤ÐÊÇÅÄÉÍÌÑÏÍÊÛÌ¿ÞÊ¿Ëο  ÌÄÁÚÉÊÝÖ¿ÄÑÐÞ ÎÍ
ÑÄÉÊÝÖÁÎÍÊÍÅÄÌÇÄ4501ÇÎÍÁÑÍÏÇÑÄÁÐÄ׿ÂÇÄØÄÏ¿Æ



 
ÁÄÏÌÇÑÄÉÊÝÖÁÎÍÊÍÅÄÌÇÄ4501ÇÎÍÁÑÍÏÇÑÄÎÏÍÕÄÃÒ


£ÄÈÐÑÁÒÈÑÄÐÊÄÃÒÝØÇËÍÀÏ¿ÆÍË ÏÒ Ì¿ÖÇÌ¿ÞÐÎÒÌÉÑ¿
Q ÎÏÍÖÑÇÑÄÎÞÑÇÆÌ¿ÖÌÚÈÜÊÄÉÑÏÍÌÌÚÈÉÍà ÒÉ¿Æ¿ÌÌÚÈ ®¯¤£²®¯¤¥£¤¬§¤®ÍÐÊÄÑÍÂÍÉ¿É¡¿ËÎÏÇ×ÊÍÐÛÎÏÇÀÄÂ
Ì¿É¿ÏÑÍÖÉÄ$0%& ÌÒÑÛÉÎÏÍÕÄÃÒÏÄ¿Á¿ÏÇÈÌÍÂÍÆ¿ÎÒÐÉ¿ÃÁÇ¿ÑÄÊÞ ÐÍÁÄÑÒÄË
Q ÒÐÑ¿ÌÍÁÇÑÄÉÊÝÖÆ¿ÅÇ¿ÌÇÞÁÎÍÊÍÅÄÌÇÄ."3 ÍÀÏ¿ÑÇÑÛÐÞÁÐÄÏÁÇÐÌÚÈÕÄÌÑÏ³Ç¿Ñ ÇÌ¿ÖÄ¡¿ËÎÏÇÃÄÑÐÞ





Q Ì¿ÅËÇÑÄÃÍÒÎÍÏ¿ÇÒÃÄÏÅÇÁ¿ÈÑÄÎÄÿÊÛ¿ÉÐÄÊÄÏ¿ É¿ÅÃÚÈÏ¿ÆÆ¿ÎÒÐÉ¿ÑÛÃÁÇ¿ÑÄÊÛÑ¿ÉÇËÍÀÏ¿ÆÍË
ÑÍÏ¿ÉÍÌÑÏÍÊÛÌ¿ÞÊ¿Ëο  ÁÉÊÝÖÇÑÐÞÎÏÇËÄÏÌÍ
Ì¿ÐÄÉÒÌÃ ÎÍÐÊÄÖÄÂÍÁÚÉÊÝÖÇÑÐÞ

 






 
 
Q ÍÑÎÒÐÑÇÑÄÎÄÿÊÛÇÎÏÇÂÍÑÍÁÛÑÄÐÛÐÖÇÑ¿ÑÛ ÐÉÍÊÛÉÍ
Ï¿ÆÉÍÌÑÏÍÊÛÌ¿ÞÊ¿Ëο  ËÇÂÌÄÑ
Q ÎÍÃÍÅÃÇÑÄ ÎÍÉ¿ÖÇÐÊÍËÇ¿ÌÇÈÀÒÃÄÑÏ¿ÁÌÍÎÄÏÁÍÈ
ÕÇÓÏÄÉÍÿÌ¿É¿ÏÑÍÖÉÄ$0%& ÎÍÐÊÄÖÄÂÍÌ¿ÅËÇÑÄÇ
ÒÃÄÏÅÇÁ¿ÈÑÄÌ¿Å¿ÑÍÈÎÄÿÊÛ¿ÉÐÄÊÄÏ¿ÑÍÏ¿ÃÍÑÄÔ

 

ÎÍÏ ÎÍÉ¿ÉÍÌÑÏÍÊÛÌ¿ÞÊ¿Ëο  ÌÄÁÉÊÝÖÇÑÐÞ
ÎÏÇËÄÏÌÍÌ¿ÖÄÑÚÏÄÐÄÉÒÌÃÚ
¿Æ¿ÑÄËÁÚÉÊÝÖÇÑÐÞ
®ÍÐÊÄÜÑÍÂÍÍÑÎÒÐÑÇÑÄÎÄÿÊÛ¿ÉÐÄÊÄÏ¿ÑÍÏ¿
Q ÉÍÌÑÏÍÊÛÌ¿ÞÊ¿Ëο  ÁÌÍÁÛÌ¿ÖÌÄÑËÇ¿ÑÛÉÍÂÿ

   
ÖÇÐÊÍËÇ¿ÌÇÈÀÒÃÄÑÏ¿ÁÌÍÁÑÍÏÍÈÕÇÓÏÄÉÍÿ ÒÉ¿
Æ¿ÌÌÍÂÍÌ¿É¿ÏÑÍÖÉÄ$0%& ÐÌÍÁ¿Ì¿ÅËÇÑÄÎÄÿÊÛ
¿ÉÐÄÊÄÏ¿ÑÍÏ¿ÇÒÃÄÏÅÇÁ¿ÈÑÄÄÄ


8<:3-+1,);.4G =ymlikfpcoicbq|wcc





 

)+)9126D28<:3  Llcbfkfpcmlildfpcizkychicjjy
 lhlilhicjjyb`qs^hhqjqi]pl
@oifk^mnf_lnklgm^kcife^aln^cpo]f nl`omljlwz|mqohl`lalmnl`lb^
mlopl]kkl alnfp hlkpnlizk^] i^j
 Lmljlwz|`plnlalmqohl`lalmnl
 

m^ Y kcjcbickklo`]dfpcozolrf



tf^izkyjbficnljhljm^kff0)8
`lb^ olcbfkfpc lpnft^pcizkq|
hicjjq`omljla^pcizklg^hhqjq
8<:3-+1,);.4G i]plnklg_^p^ncfopluhlge^ecjic
7;)33<5<4G;79) kf]E b`fa^pci]fifhlnl_hfmcnc



   






-9<,7,7)+;757*14GYQZ nfo
 F0M0186m
b^ue^mqoh^cjlal^`pljl_fi]
@oif^hhqjqi]plnk^]_^p^nc]n^en]dc  B^mqopfpcb`fa^pciz
k^oqwcop`qcp`lejldklopze^mqopfpz (%'(%"
b`fa^pcizomljlwz|blmlikfpcizkl  Jloic e^mqoh^ b`fa^pci] okfjfpc
al^hhqjqi]pln^plgdccjhlopffifkc -DAR@D @86A>J>L>FD86C mnl`lb^`ymlikf`lmfo^kkyc`y


 


ohlizhl`yvccjhlopfn^en]dckklg_^ CQ?E;FGDC6A:DA<;C8Q vcbcgop`f]`l_n^pkljmln]bhc

p^ncf
EDAC5HR EFDL;:IFI =6EIG@6 ED
G@DAR@IC;8;FCQ;:;?GH8>5BD9IH @oifmloickcohlizhfsmlmyplhb`fa^
8Q=86HR G>ARCQ? SA;@HF>M;G@>? pcizkce^mqopfio]kcmncbmnfkfj^gpc
F6=F5:6@@IBIA5HDFCD?76H6F;; _lizvcmlmyplh^o`]dfpcozo_ifd^g




C6KD:>HG55:D8>H65>69F;GG>8C65 vfjlrftf^izkyjbficnljhljm^kff
<>:@DGHR%=7;96?H;@DCH6@H6G@D 0)8

<;?>9A6=6B>(;:DEIG@6?H;8D=
C>@CD8;C>5>G@F>C;EF>7A><6?


  





 

H;GR@6@@IBIA5HDFIGDH@FQHQBD9
C;B>A>=6<<;CCQB>G>96F;H6B>
 
    

154

8916<-1;.4E6D28<:3 .:41



-+1,);.4G



 

NE;B;HC@kcblmqoh^gpckcmloncb 8973747;)A16)
op`ckklalolcbfkckf]lpnft^pcizkys Hfhlab^kcmyp^gpcoze^mqopfpzb`f 7*B1.9.375.6-)?11
mli|ol`b`qs^hhqjqi]plnkys_^p^ncg a^pcizmnfkqbfpcizklmqpcjplih^kf]
mlohlizhq`p^hljoiqu^cfohnyjlaqp _qhofnl`hffifomqoh^mlfkcntffoal Jnfe^jckchlico^fbi]mn^`fizklalfo

 
mlizel`^kf]bljhn^p^oicbqcpmnfk]pz



`lomi^jckfpza^ey`ybci]cjyc^hhqjq nymlohlizhqmnf{pljplmif`ljldcp
i]plnlj
@oif`plnlg^hhqjqi]plnk^ mlm^opz`h^p^ife^plnofopcjy`ymqoh^ oicbq|wfcjcnymncbloplnldklopf
slbfpo]`bnqalj^`pljl_ficoicbfpc lpn^_lp^`vfsa^el`f`ye`^pzccml
upl_yjcdbqjcp^iifucohfjfu^op]jf `ncdbckf]kcmlbicd^wfcncjlkpq

b`qs ^`pljl_ficg kc _yil hlkp^hp^




   





NE;B;HC@B^mljkfpcuplqofifpciz
plnjlel`fqofifpciznqi]kc_qbqpn^ (%'(%"
_lp^pzblpcsmlnmlh^kc_qbcpe^mq %=8;GH>H;:FI9>K8D:>H;A;?
wckb`fa^pcizfml{pljqmlpnc_qcpo] D HDB MHD B6N>C6 C;ED
aln^ebl_lizvccqofifcbi]k^d^pf]k^ :8><C6EDGHIE>88GDDH8;HGH8>>G



 

mcb^izplnjle^fifml`lnlp^nqi]
GIO;GH8ITO>B>EF68>A6B>8@AT
M>H;686F>?CITG>9C6A>=6L>TIGH6
CD8>H;HF;I9DARCQ?=C6@686F>?CD?
DGH6CD8@>>H:*6GG6<>F6BC6KD
:5O>BG5868HDBD7>A;GA;:I;HED





@>CIHRG6ADCDGD7;CCD;GA>68HDBD
7>ARH5<;ADC69FI<;CD8F;B5=6
B;CQ@DA;G6E6GG6<>F6BGA;:I;H
:;F<6HRG58GHDFDC;DH:8><IO;9D

 






 
 
G5HF6CGEDFH6*DGH68RH;68HDBD
7>ARC6GHD5CDMCQ?HDFBD=

 

   

(%'(%" (%'(%" Hcl_slbfjlqucopz





 

$6E6GCD;@DA;GDEF;:C6= !DB@F6HEF;:C6=C6M;C:A5  =cobljhn^p^n^`ck ha


C6M;CDHDAR@D:A586N;9D =6B;CQ@DA;GI68HDBD7>  ?ljhn^p kc pnc_qcp ncaqifnl`hf
68HDBD7>A5EDSHDBIC;IGH6C68A> A5G@DHDFQBDCEDGH68A5;HG5>A>
86?H;;9DC668HDBD7>A>:FI9>KBD I68HDBD7>A;?HD?<;BD:;A>"9D  ?ljhn^pkcmlbicdfpncjlkpq
=
 



:;A;?>C;>GEDAR=I?H;=6E6GCQ;@D C;GA;:I;H>GEDAR=D86HR:A5:FI9>K oiqu^cmliljhfcaloicbqcpe^jc


A;GDH68HDBD7>A;?:FI9>KBD:;A;? L;A;?@6@C6EF>B;F:A5ED:P;B6 kfpzkl`yj
C6G8D;B68HDBD7>A;DAHQ@F;E 68HDBD7>A;?:FI9>KBD:;A;?!DB
A;C>5@DA;G6H6@<;EF;:C6=C6M;CQ @F6HC>8@D;BGAIM6;C;GA;:I;H  H^ bljhn^p kcize] qop^k^`if`^pz
kfh^hfs bnqafs qopnlgop` hnljc



   


HDAR@D:A586N;9D68HDBD7>A5C; EF>B;C5HREF>8QEDAC;C>>F;BDC





>GEDAR=I?H; >K :A5 68HDBD7>A;? H6ED:68HDBD7>A;BEDG@DAR@IC; ml`lnlpklgnqhl]phf

:FI9>K BD:;A;? > C; EF>B;C5?H; EF68>ARC65;9DIGH6CD8@6BD<;H


7DAHQ68HDBD7>A;?:FI9>KBD:;A;? EF>8;GH>@E6:;C>TED::DB@F6M;C
:A5G8D;9D68HDBD7>A5 CD9D68HDBD7>A5-6@<;C;EF>B;


 

C5?H;:DB@F6H:A5ED:C5H>59FI=6


8;G@DHDFD9DEF;8QN6;HI@6=6CCQ?
C65FAQ@;:DB@F6H6

(%'(%"




-O6H;ARCD=6@F;E>H;@DA
(%'(%" E6@ GHIE>LQ @DA;G6 H6@
&6@BD<CDG@DF;;EFD8; MHD7Q@DA;GDC;DH8;FCIADGR,H6


  



F6?H;GRC;ED8F;:>HRC>EE;AR(>



 

:>H;F;BDCH>IGH6CD8@IC6
B;GHDEFD@DADHD?N>CQ(;C6CD @D9:6C;DGH68A5?H;>CGHFIB;CHQ
G>H;GB6=@IC6F;=R7I7DAHD8E;F;: B;<:I D7D:DB @DA;G6 > N>CD?
IGH6CD8@D?EDG@DAR@ISHDBD<;H *FD8;FRH;:68A;C>;8N>C6K>8=6
EF>8;GH>@>K8Q8DF6M>86C>T E6GCDB@DA;G;>EF>C;D7KD:>BDG
H>ED:@6M6?H;8D=:IK:D8;A>M>CQ
 


I@6=6CCD?89A68;3-;KC>M;G@>;IG
AD8>54
   

156

-THPIUNVaSWTNZIKaXWTVQ[N  Jcncb`yslbljfej^vfkyk^bckz



ZTNM\c`QNMNRZ[KQH pco`cpllpn^d^|wfgdficpl_]e^



 

pcizkyg`kchlplnysopn^k^smle^
 Iop^kl`fpc^`pljl_fiz`jcopckc hlklb^pcizop`q
mncbop^`i]|wcjlm^oklopflpmnl
slb]wcalpn^komlnp^abc`yjldc  Iphnlgpce^bk||b`cnzfmlbkf

 


pc_celm^okle^jckfpzhlicol
?l jfpchl`nfhfif`ykzpc_^a^dkyg
nldklc mlhnypfc blidkl _ypz ]wfhabclkmncbqojlpnck
nl`kyjfp`cnbyj
 B^aiqvfpcb`fa^pcizfmlop^`zpc^`




   





pljl_fiz k^ opl]klukyg plnjle
 Jcnchi|ufpcoz k^ mcn`q| fif k^
e^bk||mcncb^uq



 





nfo
 F0M0188m

 






 
 
 Ipmqopfpce^dfjYQZ 
 =ykzpchlkpcgkcnofkopnqjckplj
YQZ fmcnckcofpccalhhlicoq
pnc_q|wcjqe^jcky

 

 Lkfjfpce^m^oklchlicolYQZ 

   






 

 





   






nfo
 F0M0190m

 Ioi^_zpc_lipyhlico^mlbicd^
wcal e^jckc mnfjcnkl k^ lbfk
l_lnlpomljlwz|a^cuklalhi|u^


 


YQZ coif`^v^`pljl_fizlo nfo


 F0M0191m
k^wckbfoh^jffeicahlalomi^`^
mlh^u^gpc^`pljl_fizupl_yl_ica  Jloncbop`lj mnfomlol_ickf]  =op^`zpc nqhl]phq YQZ  bi]
ufpzok]pfcbfoh^olopqmfty YQZ q`cifuzpc`yolpqbljhn^ n^_lpyobljhn^pljfmlbkfj^gpc




p^ bl pcs mln mlh^ cal `cnsk]] ^`pljl_fizmlh^hlicolmlbicd^


u^opzYQZ kc`lgbcp`rfho^ wcce^jckckc_qbcp`yvcqnl`k]
plnYQZ ecjifk^kcohlizhlo^kpfjcpnl`
 Lll_wfpc`ocjk^slb]wfjo]ml


  





 

_ifelopflp^`pljl_fi]l`^vcj
k^jcnckffmlbk]pzcalbljhn^plj

Ikfblidkyopl]pzmllb^izfkc
mnfh^o^pzo]h^`pljl_fi|blpcs
mlnmlh^lkkc_qbcpokl`^lmqwck
 


k^ecji|
   

158

<:;)67+3)A;);67,7



374.:)6)5.:;7



 

=ymlikf`bcgop`f]lmfo^kkyc`yvc
mlbkfjfpc^`pljl_fizfqb^ifpce^m^o
klchlicol

 





   





nfo
 F0M0192m nfo
 F0M0194m

 ?i]hljmichp^tfgfjc|wfshli  Nop^kl`fpchlim^hopqmftyhlico^
m^hopqmftyhlico^mloicloi^_ic upl_ylp`cnopfcol`m^ilo_liplj
kf]  hncmcdkys _lipl` okfjfpc hlplnyg`yqop^kl`fifomljlwz|



 

hlim^h^e^pcjlp`cnkfpcucp`cnpyg a^cuklalhi|u^
_lipYQZ fokfjfpchlicol
 B^p]kfpchncmcdkyc_lipy
 N_cbfpcozuplml`cnsklopfhlk
p^hp^ jcdbq e^m^okyj hlicolj f  =n^w^]nqhl]phqbljhn^p^YQZ 


lmqopfpc ^`pljl_fiz f qb^ifpc




opqmftcgufopycupl_yhncmcdkyc
_lipykc`y`cnkqifoz bljhn^p

 Nop^kl`fpce^m^oklchlicole^`cn  Lmljlwz|mnfi^a^cjlala^cukl
kq`mcn`yg_lipk^b`^l_lnlp^` alhi|u^mliklopz|e^p]kfpc_li

 






 
 
lp`cnopff_ifd^gvcjhkfmmci| py`hncopll_n^ekljmln]bhch^h
mlh^e^klk^YQZ
 Jnfe^jckchlico^obfohljfeica
hlalomi^`^`ncjckklmlildfpccal
`lpbcickfcbi]e^m^oklalhlico^

 

p^h upl_y iftc`^] oplnlk^ _yi^
o`cnsq

   

3WUXTNS[I^QQ 3WUXTNS[I^QQ 8WWSWV_IVQQYIJW[a




 ZWZ[ITbVaUQMQZSIUQ ZMQZSIUQQPTNLSWLWZXTIKI
 

 Jljcopfpce^m^oklchlicol`omc
=ymlikfpcoicbq|wfcbcgop`f] =ymlikfpcoicbq|wfcbcgop`f] tf^izklmncbqojlpnckkq|kfvq`
_^a^dkfhc
 N_cbfpcozuplml`cnsklopfhlk  Nop^kl`fpchlicolk^opqmftqfo
p^hp^ jcdbq vp^pkyj hlicolj f mljlwz|hi|u^e^p]kfpc_lipy  Jljcopfpc u^opfukl `yb`fkqpyg
 



opqmftcgufopycupl_yhncmcdkyc bljhn^p ` ]wfh bi] sn^kckf]


_lipykc`y`cnkqifoz  Imqopfpc ^`pljl_fiz f qb^ifpc YQZ oicah^`b^`f`cal`kqpnz`l
bljhn^p fe_cd^kfc`f_n^tffmnfb`fdckff
 Nop^kl`fpcvp^pklchlicole^`cn ^`pljl_fi]
 Lmljlwz|a^cuklalhi|u^mlikl



   


kq`mcn`yg_lipk^b`^l_lnlp^`





lp`cnopff_ifd^gvcjhkfmmci| opz|e^p]kfpc_lipy`mloicbl`^  Jlildfpcfkopnqjckpyl_n^pklk^


pcizklopfmlh^e^kklgk^nfoqkhc fsollp`cpop`q|wfcjcop^`hlk
 Nop^kl`fpchlim^hopqmftyhlico^ `yvc
pcgkcnc
upl_ylp`cnopfci|kcp^ol`m^ilo
_lipljhlplnyg`yqop^kl`fif^e^  JljcopfpchlkpcgkcnYQZ `jc


 


pcjqop^kl`fpclop^`vfco]_lip^ opcofkopnqjckp^jf`e^m^oklchl
icol
 Lmljlwz|a^cuklalhi|u^e^p]kf
pchncmcdkyc_lipy  B^p]kfpchncmcdklcmnfomlol_ic
kfchlkpcgkcn^ofkopnqjckp^jf




 Imqopfpc ^`pljl_fiz f qb^ifpc YQZ 


bljhn^p
 B^hnlgpc_^a^dkyjhl`nfhljfif
 Lmljlwz|a^cuklalhi|u^mlikl qop^kl`fpck^jcopl_^a^dkyg]wfh
opz|e^p]kfpc_lipy`mloicbl`^


  



abcmncbqojlpnck




 

pcizklopfmlh^e^kklgk^nfoqkhc
`yvc

 
    

160

37584.3;






 

-4G:97@67,7
9.576;)A16D
 !('&%!'$#
Kcjlkpkyghljmichpbi]vfk0:5

 


)9853)80+k^slbfpo]`_^a^dkfhc

?^kkyghljmichpYQZ `hi|u^cpoic
bq|wcc




   





nfo
 F0M0198m nfo
 F0M0199m
 <^iilkufhoacnjcpfhljlok^
wckkyg
 J^n^e^wfpkysmcnu^plhmljcwck =hlkpcgkcncncjlkpklalhljmichp^
k^if`klgpnq_hlg kyso_lhqlphljmncooln^ k^slb]wcjo]mlbhl`nfhlj_^a^dkf
k^hicghlg ok^bmfoz|3):
h^p^hdcfjc|po]lp`cnph^fotcmklc



 
 Jcncslbkfhfbi]k^bq`^kf]n^eifu


 13 /'j^ho
 hj u(hlplnq| qopnlgop`l

kysfebcifg

mloicncjlkp^vfkyoicbqcpml
jcopfpz`jcopcslnlvl`fbfjlj
`lbfpci|k^mnf_lnklgm^kcif (%'(%"





*;F;:6?H;7FDNTFIG>C
 <nlv|n^ofkopnqhtfcgoj
YQZ  GHFI@L>;?E;FGDC6AI@DHD
hlplnq|oicbqcpfomlizel`^pz`h^ FQ?7I:;H=6C>B6HRG5N>CD?DHF;
ucop`cnqhl`lbop`^ml_yopnljqf BDCH>FD86CCD?GEDBDORT:6CCD
mn^`fizkljq fomlizel`^kf| hlj

 




9DF;BDCHCD9D@DBEA;@H6



 
 
michp^bi]onluklalncjlkp^
Vpq
_nlv|nqoicbqcpmcncb^pzmcnol
k^iqhlplnyg_qbcpe^kfj^pzo]lp
ncjlkpfnl`^kklgvfklg
 EljmncoolnYQZl_lnqbl`^k

 

kygj^kljcpnljf`yslbkyjfvpq
tcn^jf

   

(%'(%" 6.7*>7-157<@.:;E
GAIM6;;GA>EFD@DA7QA




 :4.-<FB..
 

8Q=86C@6@>BA>7DEF;:B; +;BDCHC;8D=BD<;C;GA>
HDBHDGIO;GH8I;H8D=BD< >B;THG5 ED8F;<:;C>5 >cnjcpfefnq|w^]dfbhlopz`slb]w^]
CDGHREFD8;:;C>5F;BDCH6 D7D:6:>G@6=C6M>H;ARCD;>G@F>8 `hljmichpbi]onluklalncjlkp^vfk
N>CQG8>:>BQB>ED8F;<:;C>5B> A;C>;<;AD7@6D7D:68Q=Q86TO;; bcgop`qcpmnfpcjmcn^pqn^slp  X
 



EFDH;@HDF6>7D@D8QKGH;CD@:>6B; IH;M@I8D=:IK6(;8QC>B6?H;ED bl X

HFDB:D BB GHDFDCC>;EF;:B;HQ>=N>CQ98D= Lnlhalbklopfacnjcpfefnq|wcgdfb


:>>A>8>CHQ hlopflan^kfuck




   






(%'(%"
)H8;FGH>5>ED8F;<:;C>5 (%'(%"
7D@D8>CN>CC;ED:A;<6H (; :DEIG@6?H; F67DHQ
F;BDCHI(;EF>B;C5?H;@DBEA;@H


 

@DBEF;GGDF67DA;;
B>C


:A5GFDMCD9DF;BDCH6N>C;GA>ED +>G@E;F;9F;860>CQDHF;BDCH>
8F;<:;C>;EFD>=DNADEDEF>M>C; FD86CCQ; G EDBDORT @DBEA;@H6
:8><;C>5GDGEIO;CCD?N>CD? :A5GFDMCD9DF;BDCH6GA;:I;H>G
EDAR=D86HRHDAR@D8F;B;CCD






  





 

 
    

162

(%'(%" "GA>9;FB;H>@=6@DCM>AG5






 

 76AADCM>@; C6KD:>HG5 =6B;C>H;76AADCM>@(;8Q


SH>A;C9A>@DAR6H6@<;A6 7F6GQ86?H; 76AADCM>@ >
H;@GDCBD<;H8Q=86HR6AA;F9>M; 9;FB;H>=>FITOIT <>:
G@ITF;6@L>T)C8F;:;CEF>EFD @DGHR .H>A>=6L>T9;FB;H>@6>76A

 


9A6HQ86C>>>A>8:QK6C>>>BD<;H ADCM>@6C;D7KD:>BD8QEDAC5HR8GD
8Q=86HR F6=:F6<;C>; GA>=>GHD? DH8;HGH8>>GC6L>DC6ARCQB>>B;GH
D7DADM@>9A6=>@D<>EF>@DCH6@H; CQB>EF68>A6B>
GAIM6;@DCH6@H6C;B;:A;CCDEFD




   

BD?H;8D:D?>GC>B>H;=69F5=C;C





nfo
 F0M0201m
CITD:;<:I*F>EFD9A6HQ86C>>C;
8Q=Q86?H; F8DHI EFDBD?H; FDH
8QE;?H; :DGH6HDMCD; @DA>M;GH8D 6)3)@1+)61.A16D
8D:Q > C;B;:A;CCD D7F6H>H;GR @
8F6MI!;F<>H;8B;GH;C;:DGHIE



 

CDB:A5:;H;?!6CCQ?EFD:I@HC; (%'(%"
GA;:I;HEF>B;C5HRA>L6BGHF6:6T (6:;CRH; =6O>HCQ; E;F
O>B7FDCK>6ARCD?6GHBD?(;8:Q M6H@>8KD:5O>;8F;BDCH
K6?H;E6FQ8;O;GH86GAIM6;8D= CQ?@DBEA;@H





C>@CD8;C>56AA;F9>M;G@>KF;6@L>?
C;B;:A;CCD D7F6H>H;GR @ 8F6MI
/F6C>H; 76AADCM>@ 8 GE;L>6ARCD
EF;:C6=C6M;CCDBB;GH;>8:6A>DH  8WZ[IKb[NIK[WUWJQTbVIZ[WH
VW_VaR[WYUWP Lkfjfpchlim^

 




>GHDMC>@D8 H;EA6 ,FD@ 9D:CDGH>



 
 
9;FB;H>=>FITO;?<>:@DGH>D9F6 ulhkfmmci]vfky`ykzpck^if`
C>M;C kq|pnq_hqYQZ fk^`cnkfpc
hnqaiq|a^ghq k^kfmmcizvfky

 

   

 Jlblopfdckffb^`ickf]`vfkc




 qh^e^kklal`m^n^an^rc?^`ickfc`
 

vfk^s\ ai^`y Mcskfucohfc qoil


`f]on^eqdck^ufk^gpcb`fdckfc
 



(%'(%"
*F>@F;E>H; C6@A;?@I G
I@6=6C>;BDHDBMHDN>C6



   






nfo
 F0M0202m nfo
  F0M0204m 7QA6DHF;BDCH>FD86C6GEDBDORT
F;BDCHCD9D@DBEA;@H68B;GH;KD
Jnl`cnzpcb^`ickfc`vfkck^j^kljc FDND8>:>BDB8D:>H;AT!8>96?
pncYQZ
mnf`yhi|uckkljhlj H;GRGDGHDFD<CDGHRTDGD7;CCDC6
mncoolncbi]pluklopfmlh^e^kf] ED8DFDH6K (; EF;8QN6?H; G@D


 


FDGHR
@B M%=7;96?H;F;=@D9D
 @oifmloicjfkqpn^_lpyhljmnco HDFBD<;C>5>IG@DF;C>5
oln^`occwckc`lejldklmliqufpz
b^`ickfc`vfkch^hjfkfjqj 
_^n lpolcbfkfpc hljmncooln lp




kfmmci]f`ykzpc`fihqfenlecphf  Jloicb`fdckf]`pcuckfc jfkqp


^ e^pcj mcncb`fkzpc ^`pljl_fiz lop^kl`fpcoz f okl`^ mnl`cnzpc
nfo
 F0M0203m `mcncbmnfjcnklk^bco]pzjcpnl` b^`ickfc`vfkcXWZ[IKb[NIK[W
bi] n^`kljcnklal n^omncbcickf] UWJQTbVIZ[WHVW_VaR[WYUWP


  





 

acnjcpfefnq|wcgdfbhlopf`kqpnf
 N_cbfpcozuplmcnchi|u^pcizhlj vfky
B^pcjokl`^ml`plnfpclmc
mncooln^YQZ
qop^kl`ickk^ n^tf|k^h^uf`^kf] (%'(%"
`yhi
 e^mqopfpc b`fa^pciz f
`op^`zpc`fihqYQZ `_ifd^g  @oiffmloic{plal`occwckc`le "GA>:68A;C>;IE6:;HC><;
vq|nlecphq^e^pcj`hi|ufpchlj jldklucncejfkqpmliqufpzb^` 76FC;:8>96?H;GR:6AR
 


mncoolnk^d^pfcjmcnchi|u^pci] ickfch^hjfkfjqj _^nkcoic N;H6@@6@DM;8>:CDMHDED8F;<


YQZ
k^ `hi

H^h^uf`^gpc bqcp{homiq^pfnl`^pz^`pljl_fiz :;C>5N>CQ8;GRB6=C6M>H;ARCQ>
vfkqblblopfdckf]`kcgb^`ic mlohlizhqvfk^fjccpek^ufpcizkyc >GEDAR=D86C>; F;BDCHCD9D @DB
kf]qh^e^kklal`m^n^an^rc[?^`ic ml`ncdbckf]fmnfjckckfchlj EA;@H6 C; BD<;H 96F6CH>FD86HR
C6:A;<6OIT9;FB;H>=6L>T,85
   

kfc`vfk^s\ai^`yMcskfucohfc michp^bi]onluklalncjlkp^vfky
qoil`f]
kcjldcpb^pz`^ja^n^kpf|k^bcd <>H;GR G DJ>L>6ARCQB :>A;FDB
klopfacnjcpfe^tff
=p^hljoiqu^c @DBE6C>>
o`]dfpcozolrftf^izkyjbficnlj
164 hljm^kff0)8

 @oifb^`ickfcn^`klh^hjfkfjqj



_^nk^h^u^gpcvfkqbll_yukl



 

alb^`ickf]mnfn^_lp^|wcjb`f
a^pcicfk^opl]klukljplnjlecf
`lel_kl`fpcb`fdckfc

 


 Ll_i|b^]hn^gk||loplnldklopz
`cbfpc^`pljl_fizh_ifd^gvcjq
lrftf^izkljqbficnqhljm^kff0)8




   





nfo
  F0M0205m nfo
  F0M0206m

(%'(%"
897?.-<9)897+.931 897?.-<9)
*F;:;ARCD 86<CD GDD7 1+7::;)67+4.61G 0)5.6D*)4476@13)
O>HR E;FGDC6AI :>A;F6 D -)+4.61G+A16)>



 
HDBMHDF;BDCHN>CQ7QAEFD>= ?i]e^jcky_^iilkufh^`ymlikfpcoic


8;:;C G EDBDORT @DBEA;@H6 :A5 Eljmncoolnjldklp^hdcfomlizel`^pz bq|wfcbcgop`f]
7QGHFD9DF;BDCH6*;F;:6?H;7FD plizhlbi]`loop^kl`ickf]b^`ickf]

NTFIG>CGHFI@L>;?E;FGDC6AI@D Ipolcbfkfpc_yopnln^excjklcolcbf  K^eljhkfpcolcbfkckfcYQZ 


HDFQ?7I:;H=6C>B6HRG5N>CD?DH kckfcfmlbolcbfkfpccalk^mn]jq|h  ?i]e^jckyml`cnkfpc_^iilkufh





F;BDCH>FD86CCD?GEDBDORT:6C kfmmci|vfkyYQZ `p^hljoiqu^c mnlpf`u^ol`lgopncihffmlbkfjf


CD9DF;BDCHCD9D@DBEA;@H6 _^iilkufh kc _qbcp mlbolcbfkck h pccal
hljmncoolnqfacnjcpfefnq|w^]dfb
hlopzkc_qbcpmlm^b^pz`vfkq
 Nop^kl`fpckl`yg_^iilkufhfml

 


`cnkfpccalmlu^ol`lgopncihc





 
 
 Jlbhi|ufpcolcbfkckfc h_^i
ilkufhqfqop^kl`fpcmnlen^ukq|
pnq_hq k^jcopl

 

   

.:416.7*>7-157 (%'(%"





 

0)5.61;E4)58< %=B;C;C>5>A>F;BDCHSA;
7*B1.<3)0)61G @HF>M;G@D?GK;BQ68HDBD
7>A5SA;@HFDCCQKGF;:GH8IEF68
 @oifkcalnfph^h^] if_li^jm^pl A;C>58QEDAC;CCQ;C;C6:A;<6
 



mncdbcucje^jck]pzccmnl`cnzpc O>BD7F6=DB>7;=IM;H6E6F6B;H
kcoalnciifollp`cpop`q|wfgmnc FD8SA;@HFDGK;BQBD9IHEF>8;GH>
blsn^kfpciz
K^omlildckfcmncbl @;;C;EF68>ARCDBIJIC@L>DC>FD
sn^kfpcicgoj
`m^n^an^rc[@oif 86C>T>8Q=86HR8D=9DF6C>;



   


oalncimncblsn^kfpciz\`b^kklg





ai^`c
 Jcncbe^jcklgi^jmymnl`cnzpckc (%'(%"
lhfoififozifhlkp^hpy 6AD9;CCQ;A6BEQGD:;F
<6H96=ED::68A;C>;B@D


 

 Jcncalnc`vfci^jmyoicbqcpe^jc


k]pzi^jm^jfplaldcpfm^fjlw HDFQ?;GA>A6BE6F6=7>A6GRBD
klopf <;HEF>8;GH>@F6=A;H6C>TDG@DA
@D8GH;@A6
 Jloice^jckyi^jmy`ocab^mnl`c


n]gpc`yolpqiqu^r^ny




NE;B;HC@=kqpnckk]]ml`cnsklopzr^
nyjldcpoicah^e^mlpc`^pz{plkckcfo
mn^`klopz^mnfnlbklc]`ickfc`oicb nfo
  F0M0207m

op`fc kfehlg pcjmcn^pqny f qnl`k]




  



(; EF>@6G6?H;GR C> @ @6





 

@>B:FI9>BM6GH5B96AD9;C `i^dklopf `lebqs^


 Jloic `hi|uckf]  F^jmy_^glkcpklalpfm^bi]qb^
CQKA6BE@FDB;B;H6AA> r^n{plp{rrchpmnchn^pfpo]
@oifdc ickf]p^hlalpfm^i^jmfefsakce
M;G@>K *F>@DGCD8;C>; `kqpnfr^nyoh^mif`^|po]h^mcizhf`l b^k^djfpck^hlnmqoi^jmyfml
E6ARL;8@EFD=F6MCD?@DA7;BD<;H by{pllek^u^cpupl`hlnmqor^nyml `cnkfpcccmnlpf`u^ol`lgopncihf

EF>8;GH>@GC><;C>T;;G8;HD8D? m^i^`lb^
L`]dfpcozolrftf^izkyjbf  F|jfkcotckpkyc i^jmy bi] fs
 


>CH;CG>8CDGH> > 8D=BD<CDBI GD icnljhljm^kff0)8


qb^ickf]`ykzpcfsfehlkp^hpl`

@F6O;C>TGFD@6GAI<7Q*F>GAI ;18D4)58
M6?CDB EF>@DGCD8;C>> EFDHF>H;  >^ilackkyci^jmybi]qb^ickf]
@DA7I8;HDNRTGBDM;CCD?GE>FHDB =`^vcj^`pljl_ficjlaqp_ypzqop^ i^jmylplakfpce^dfjqbcndf`^
|wfgi^jmqk^jcopc

   

>:6?H;;?8QGDKCIHR kl`ickyi^jmyn^eifukyspfml`

 Lpchi]kkyci^jmy`op^`i]cjyck^
jcopl
?i]qb^ickf]fskcl_slbf
jl`yp]kqpz

166

4IUXa :WW[KN[Z[K\c`QR ;QX 5W`VWZ[b






YQZ\VWS

 

F^jmyb^izkcalo`cp^   =p
F^jmy_ifdkcalo`cp^    =p

 


Jcncbkfca^_^nfpkyclakf  $$ =p
Jcncbkfcmnlpf`lpqj^kkycr^nycoiffjc|po] Z  =p




   

Jcncbkfcqh^e^pcifml`lnlp^ !& $







 =p
<lhl`ycqh^e^pcifml`lnlp^  $&$ =p
B^bkfcqh^e^pcifml`lnlp^  ! $  =p



 
>^_^nfpkyclakf  "$


=p
Lplm ofak^izkyclakf  ! $ =p
?lmlikfpcizkygoplm ofak^izkyglalkz  Z 
=p





Olk^nze^bkcalslb^ Z ! $  =p
B^bkfcmnlpf`lpqj^kkycr^ny Z ! $  =p
Olk^nflo`cwckf]kljcnklalek^h^

 


 $$ =p





 
 
Jcncbk]]mlpliluk^]i^jm^omlb`fdkyjhlim^hlj   $ =p
Jcncbk]]mlpliluk^]i^jm^ok^mn^`ickkyjiqulj   $ =p
B^bk]]mlpliluk^]i^jm^   $ =p

 

F^jm^lo`cwckf]_^a^dkfh^  $$ =p
F^jm^lo`cwckf]lphnyplgb`cnf  $ =p

   

.:418.9.,79.4)4)58)




 6)9</6D>=76)9.2
 

Mfm f kljfk^izk^] jlwklopz i^jmy


qh^e^ky`n^ebcic[@oifkcl_slbfjle^
jckfpzi^jmq

 





   






nfo
  F0M0178m nfo
  F0M0179m

*4738.9.-6.2=)9DYQZ  8.9.-61.
,)*)91;6D. 7,61YQZ 
<ilhmcncbkcgr^ny`hi|u^cp`oc_]


 

mlbr^nkfhf i^jmy _ifdkcal o`cp^ ?i]e^jckyi^jmybcgop`qgpcoicbq|




i^jmyb^izkcalo`cp^fi^jmyqh^e^pc wfjl_n^elj
icgml`lnlp^

 Lkfjfpcl_dfjklgncefkl`yghli
F^jmyn^omli^a^|po]`kqpnfhlnmqo^ m^ulhmljcuckkygopncihlg




r^nyoicbq|wfjl_n^elj
 H^djfpck^icmcophf fqb^ifpc
 mlbr^nkfhf bcnd^pcizi^jmy
 i^jmy _ifdkcal b^izkcal o`cp^  =ykzpci^jmq fe^jckfpccc


  





b`qskfpc`^]i^jm^

 

 Nop^kl`fpcm^pnlki^jmyfe^hnlg
 qh^e^pcifml`lnlp^ pchlim^ulhmnl`cnzpck^bcd
klopze^hncmickf]

 
    

168






 

 





   





nfo
  F0M0180m nfo
  ) F0M0261m nfo
  * F0M0181m

4)58D <3)0);.4187+797;)  =ykzpci^jmqoicah^k^b^`f`k^


*41/6.,7 -)4E6.,7 kcc f ml`cnkq` mnlpf` u^ol`lg
:+.;)YQZ  8NYNMVQNYQZ  !  " opncihf_^glkcpkyge^dfj^e^



 

?i]e^jckyi^jmybcgop`qgpcoicbq| pcje^jckfpccc
?i]e^jckyi^jmybcgop`qgpcoicbq|
wfjl_n^elj wfjl_n^elj  Nop^kl`fpck^jcoplhnyvhq m^
 =y`cnkfpchlico^p^hupl_yollp pnlki^jmyml`cnkq`ccmlu^ol
 Lkfjfpcl_dfjklgncefkl`yghli `lgopncihcfk^bcdkle^hncmfpc
`cpop`q|wcchlicol_yilk^mn^`


m^ulhmljcuckkygopncihlg




icklk^nqdq  B^hnlgpchnyvhqYQZ  ! fml


 Ipolcbfkfpctckpn^izkyg{ichpnf `cnkfpcrfho^pln

ucohfgn^excjflplakfpcrfho^pln  Jl`cnkfpcrfho^plnYQZ  !
m^pnlk^i^jmy h^hmlh^e^klopncihlg^e^pcjokf

 


jfpchlim^h





 
 
 =ykzpci^jmq fe^jckfpccc
 Nb^ifpc hnyvhq m^pnlk i^jmy
 Nop^kl`fpckl`q|i^jmqp^hupl_y YQZ  "ml`cnkq`ccmnlpf`u^
mnlrfiz cc jcp^iifucohlg u^opf ol`lgopncihf
ol`m^iom^e^jflpn^d^pci]

 

 Nop^kl`fpcrfho^plnm^pnlk^i^j
myfmlbhi|ufpcn^excj
 B^hnlgpchlim^ulh fk^bcdkle^
hncmfpccal

   






 

 





   






nfo
 F0M0182m nfo
 F0M0223m

*WSWKaNYQZ
8.9.-61.
?i]e^jckyi^jmybcgop`qgpcoicbq| 897;1+7;<5)66D.=)9D
NZTQQUNc[ZH


 

wfjl_n^elj


 H^b^`fpck^hlim^hupl_yk^d^pz ?i] e^jcky mnlpf`lpqj^kkys r^n 


k^`kqpnckkfgrfho^pln^e^pcj YQZ l_n^w^gpcozhlrftf^izkljq
`yp]kfpcqecik^nqdq bficnqhljm^kff0)8





 Jl`cnkfpcm^pnlki^jmy mnlpf`
u^ol`lgopncihf`ykzpc`op^`i]c
jq|i^jmq fe^jckfpccc nfo
 F0M0184m


  





 =op^`zpcm^pnlki^jmy `hlim^h

 

ml`cnkq`calmlu^ol`lgopncihc *47310)-61>=76)9.2YQZ 
 Nop^kl`fpcqecik^jcoplq_cbf` <ilhfe^bkfsrlk^ncg`hi|u^cp`oc_]
vfozuplrfho^plnolwciuhlj`l i^jmya^_^nfpkyslakcgoplm ofak^izkyc
vci`e^dfj
lakcgfi^jmyqh^e^pcicgml`lnlp^

 


=kqpnf_ilh^i^jmyn^omlildckyoic
bq|wfjl_n^elj
 qh^e^pcifml`lnlp^
   

 a^_^nfpkyclakf
 a^_^nfpkyc lakf oplm ofak^izkyc
lakfb`qskfpc`yci^jmy

170






 

 





   





nfo
 F0M0208m nfo
 F0M0209m

 =ykzpci^jmqmlbicd^wq|e^jckc =76)9E0)-6.,7>7-)YQZ 
 fifoicah^k^d^`k^kccf
ml`cnkq`mnlpf`u^ol`lgopncihf ?i]e^jckyrlk^n]e^bkcalslb^ l_



 
n^pfpcozhlrftf^izkljqbficnqhlj


_^glkcpkyge^dfje^pcje^jc
kfpc m^kff0)8

 =op^`zpcm^pnlki^jmyfe^p]kfpc
`fkpy





 Jlbhi|ufpc{ichpnfucohfgn^excj
pw^pcizklqop^kl`fpc_ilhk^hln
nfo
 F0M0185m
mqo^`pljl_fi]fe^p]kfpchncmcd
kyc`fkpy

 






 
 
?i]e^jckyi^jmybcgop`qgpcoicbq|
wfjl_n^elj 0)-61.
897;1+7;<5)66D.
 Iphnlgpce^bk||b`cnz^e^pcjlp =)9DYQZ 
`cnkfpcb`^hncmcdkys_lip^
?i]e^jckye^bkfsmnlpf`lpqj^kkys

 

 Ipolcbfkfpctckpn^izkyg{ichpnf r^n l_n^pfpcozhlrftf^izkljqbf
ucohfg n^excj f `yp]kfpc hlim^h icnqhljm^kff0)8

_ilh^lpn^d^pcicgk^nqdq
 Ip`cnkfpc`fkpy f`ykzpcm^pnlk

   
i^jmy







 

 





   






nfo
 F0M0210m nfo
 F0M0211m nfo
 F0M0212m

-787461;.4E6D2  H^djfpck^icmcophfYQZ  f
:;78:1,6)4E6D27,76E qb^ifpcm^pnlki^jmy
YQZ  


 

 =ykzpc`op^`kq|i^jmqfe^jckfpccc



?i]e^jckyi^jmybcgop`qgpcoicbq|
wfjl_n^elj
 Iphnlgpc_^a^dkfh




 Lkfjfpc ncefkl`yc hlim^uhf 


YQZ 
 H^djfpck^rfho^plnyYQZ  f nfo
 F0M0233m


  





`ykzpchlim^hYQZ 

 

=76)917:+.B.61G
 Ipolcbfkfpc{ichpnfucohfgn^excj 675.967,706)3)YQZ  
?i]e^jckyi^jmybcgop`qgpcoicbq|
wfjl_n^elj
 


 H^djfpck^pluhqqh^e^kkq|k^nf
oqkhcopncihlgf`ykzpchlim^h
YQZ 
 B^jckfpci^jmqnfo
`yp]kq`cc
   

fe_lhl`yshlkp^hpl`fq_cbfpcoz
uplkl`^]i^jm^k^bcdkle^hncmic
k^jcdbqhlkp^hp^jf

172  Jlop^`zpck^jcoplhlim^h


.:418.9.,79.4)



4)58)+:)476.



 

Mfmi^jmyfcckljfk^izkq|jlwklopz
oj
`n^ebcic@oifkcl_slbfjle^jc
kfpzi^jmq

 


8.9.-6GG87;747@6)G
4)58)
?i]e^jckyi^jmybcgop`qgpcoicbq|




   

wfjl_n^elj





nfo
 F0M0213m nfo
 F0M0214m

 H^djfpck^pluhfqh^e^kkycopnci
h^jff`ykzpchlim^hYQZ

 Iphnlgpce^wfpkq|hnyvhq



 

 B^jckfpci^jmyYQZ `ykq`
fsfe_lhl`yshlkp^hpl`
N_cbf
pcozuplkl`yci^jmyk^bcdkle^
hncmickyjcdbqhlkp^hp^jf





 B^hnlgpchnyvhqYQZ fqop^
kl`fpchlim^hYQZ
k^jcopl
k^bcdkle^wcihkq`
nfo
 F0M0234m nfo
 F0M0235m

 






 
 
0)-6GG  B^jckfpci^jmqYQZ `ykq`cc
87;747@6)G4)58) fe_lhl`yshlkp^hpl`
N_cbfpcoz
NZTQQUNN[ZH uplkl`^]i^jm^k^bcdkle^hncmic
k^jcdbqhlkp^hp^jf
?i]e^jckyi^jmybcgop`qgpcoicbq|

 

wfjl_n^elj  B^hnlgpce^wfpkq|hnyvhqYQZ
fqop^kl`fpchlim^hYQZ k^
 H^djfpck^pluhfqh^e^kkycopnci jcoplk^bcdkle^wcihkq`

h^jff`ykzpchlim^hYQZ 
 Iphnlgpce^wfpkq|hnyvhqYQZ 

   






 

 





   






nfo
 F0M0215m nfo
 F0M0216m nfo
 F0M0217m

4)58)7:+.B.61G  B^hnlgpce^wfpkq|hnyvhq+ rl
7;39D;72-+.91YQZ  k^n]


 

?i]e^jckyi^jmybcgop`qgpcoicbq|  Nop^kl`fpcrlk^nz k^jcopl




wfjl_n^elj `op^`f`cal`m^eyok^u^i^lbklg
oplnlklg^e^pcjbnqalgp^hupl
 =ykzpcrlk^nzYQZ mlbbc` _ymloiyv^io]wciulh

cal`pluh^slpjcuckkysopncih^jf





4)58D7:+.B.61G
4)58)7:+.B.61G -+.967,7897.5)
*),)/613)YQZ  NZTQQUNc[ZHYQZ 
?i]e^jckyi^jmybcgop`qgpcoicbq| nfo
 F0M0229m
?i]e^jckyi^jmybcgop`qgpcoicbq|


  





wfjl_n^elj

 

wfjl_n^elj
 Iphnlgpc_^a^dkfh  B^jckfpc`op^`kq|i^jmqYQZ 
 =ykzpcrlk^nzk^d^`lp`cnphlgk^
 =ykzpcrlk^nzmlbbc`cal`plu e^wcihqYQZ   H^bckzpce^wfpkyghldqsi^jmy
h^slpjcuckkysopncih^jf
qop^kl`f`calk^b`qsvpfrp^s
 Lldjfpce^wfpkyghldqsi^jmyo
 


 Iphnlgpce^wfpkq|hnyvhq  fe^ _lhl`YQZ  fml`cnkfpccalk^  Ll_cnfpcrlk^nz`op^`f`ok^u^i^


jckfpc`op^`kq|i^jmq b`qsvpfrp^s mcncbkfghlkctYQZ ^e^pcj
k^dfj^]k^bnqalghlkctblwciu
h^

   

174

.:41:,79.4 (%'(%"






 

89.-7>9)61;.4E "GA>G9DF;AD7O>?EF;:D
7*B.. KF6C>H;AR 
C;EQH6?
Jncblsn^kfpciz ]`i]cpo] e^wfpkyj H;GRF;BDCH>FD86HR;9D,85<>

 
mnfomlol_ickfcj{ichpnfucohlgosc



H;GRGDJ>L>6ARCQB:>A;FDB@DB
jylkon^_^py`^cpoaln^cp`lokl` E6C>>!D=6B;CQEF;:DKF6
kljmlmnfufkckcfomn^`klopffifkc C>H;A5I7;:>H;GRMHD@ATM=6<>
mn^`fizklgn^_lpyofopcjy
96C>58QCIH>==6B@6>8G;SA;@H




   

F>M;G@>;IGHFD?GH86DH@ATM;CQ





@oifh^hlc if_lqopnlgop`lkcn^_lp^ nfo
 F0M0236m

cpok^u^i^mnl`cnzpccalmncblsn^kf
pciz mcncjyuh^  YQZ  blidk^
_ypztcilg
@oiflk^oalnci^e^jckfpc (>@D9:6C;=6B;C5?H;G9D
mncblsn^kfpcizbnqafjp^hlaldckl F;8N>? EF;:DKF6C>H;AR (%'(%"



 
M;BA>7D@FDB;CD8D9DEF;


jfk^i^plaldct`cp^
*F> ED8HDFCDB G9DF6C>>
:DKF6C>H;A5
 tciygmncblsn^kfpciz YQZ  EF;:DKF6C>H;A5 D7F6H>
H;GR@DJ>L>6ARCDBI:>A;FI@DB
 mncblsn^kfpciz o ml`ncdbckklg E6C>>
mcncjyuhlgYQZ 
(%'(%"





(>@D9:6C;=6B;C5?H;EF;
:DKF6C>H;ARCD8QB7DA;;
8QGD@D9DCDB>C6A61-)')#"-

 


*+%",-%&)$ )+(%2





 
 
 

   

9):8747/.61.




 89.-7>9)61;.4.2
 

Jncblsn^kfpcifoanqmmfnl`^ky`uc
pync_ilh^hlplnyck^slb]po]`kqpnf
mnf_lnklgm^kcifk^^hhqjqi]plnklg
 



_^p^ncc`n^glkcmlildfpcizklalml
i|o^`jlplnkljlpochcf`_^a^dkfhc
oic`^ollp`cpop`ckkl

*TWSXYNMW]YIVQ[NTNR



   






VIXYQJWYVWRXIVNTQ nfo
 F0M0016m

?i]blopqm^h_ilhqmncblsn^kfpcicg
`kqpnf mnf_lnklg m^kcif lp`cnkfpc
hncmcdkyc`fkpyYQZ  fokfjf


 

pchnyvhq








  





 

nfo
 F0M0232m
 
    

176

KUW[WYVWUW[ZNSN
*TWSXYNMW]YIVQ[NTNR

okfjfpce^wfpkq|hnyvhqYQZ

n]blj o ^hhqjqi]plnklg _^p^nccg


?i]blopqm^h_ilhqmncblsn^kfpcicg

nfo

nfo

F0M0239m

F0M0240m



    

 
    
 
 

 
  

 





   
    




  
 

*TWSXYNMW]YIVQ[NTNR




 VIISS\U\TH[WYVWRJI[IYNN
 

KYIRWVNXWTWOQ[NTbVWLWXWTcZI
?i]blopqm^h_ilhqmncblsn^kfpcicg
k^^hhqjqi]plnklg_^p^ncc`n^glkcml
 



ildfpcizklalmli|o^k^djfpck^rfh
o^plnyYQZ fokfjfpce^wfpkq|
hnyvhq




   






nfo
 F0M0241m

1 3


 





2 4


  





 

nfo
 F0M0228m
 


a
b
K^omlildckfce^`fofplphljmichp^tff
   

c
d

178

*TWSXYNMW]YIVQ[NTNR






KJILIOVQSN

 

?i]blopqm^h_ilhqmncblsn^kfpcicg
n^omlildckkljq`ic`lgu^opf_^a^dkf
h^lphnlgpcollp`cpop`q|wfgojlpnl

 


`lgi|ulhh^hmlh^e^klk^YQZ




   





nfo
 F0M0246m



 





 






 
 
nfo
 F0M0244m

 

   

:+7-6)G;)*41?)8789.-7>9)61;.4G5





 

*TWSXYNMW]YIVQ[NTNRVIXYQJWYVWRXIVNTQ
 



87;9.*1;.41 ;18 67516)4)


Ipoqpop`qcp  Z
Jfp^kfc_^p^nc]mnf_lnklgm^kcifnlecph^ofopcjy 



   






_lnpl`lgbf^aklopfhf^`pljl_fi]
Jfp^kfc_^p^nc]^hqopfucohlgofopcjy_ilhqmn^`ickf]  
a^nkfpqny[/)4,7.6--\oqopnlgop`ljn^omlek^`^kf]ncuf
fpcsklilafcg29-8558/Y


 


Jfp^kfc_^p^nc]e^jh^e^dfa^kf]  

Jfp^kfcjlpln^k^olo^ljy`^pci]`cpnl`lalfe^bkcalopchi^  




Jfp^kfcmnf`lb^e^bkcgb`cnf  
Jfp^kfcmnf`lbl`b`cnkyse^jhl`_ilhfnl`hfb`cnkyse^jhl`  


  



Ipoqpop`qcp Z Z



 

Jfp^kfcmcncbkcgmlpliluklgi^jmye^bkcgmlpliluklgi^jmy 
i^jmylo`cwckf]_^a^dkfh^i^jmylo`cwckf]b`cnklalmnlcj^
fi^jmylo`cwckf]lphnyplgb`cnf
 


Jfp^kfchklmh^_ilh^qmn^`ickf]{ichpnfucohlalqofifpci]nqi]  

Jfp^kfchklmhfmnf_lnklgm^kcifk^d^pf]mcb^ifplnjle^  

tcmzqmn^`ickf]oplm ofak^izkyjflak]jfk^d^pf]mcb^ifotcmickf]
   

Jfp^kfchklmh^_ilh^qmn^`ickf]ofopcjyplnjlel`  

ofopcjymlopl]kklalplh^k^d^pf]mcb^ifplnjle^
Jfp^kfchklmh^_ilh^qmn^`ickf]ofopcjymlbqvch_celm^oklopf 
180

87;9.*1;.41 ;18 67516)4)






 

Jfp^kfchklmh^_lhl`lgmlbo`cphfmnf_lnklgm^kcifhlkpnlizkysi^jmnqi]  

tckpn^izklghklmluklgm^kcifqmn^`ickfcfo`cplbflbyofopcjyhlkpnli]p]af
Jfp^kfchklmh^mlpliluklgi^jmyk^mnf_lnklgm^kcifhklmh^mlblanc`^  


 


mcncbkcalofbckz]ofopcj^qmn^`ickf]fo`cplbflbb^pufhfbldb]
Jfp^kfchklmh^mfp^kf]_ilh^qmn^`ickf]i|hlj_ilh^qmn^`ickf]b^pufh^  

b^`ickf]`vfk^s_ilhqmn^`ickf]a^nkfpqny[/)4,7.6--\
oqopnlgop`ljn^omlek^`^kf]ncuffpcsklilafcg29-8558/Y




   





_ilhqmn^`ickf]ofopcjym^nhl`lukysb^pufhl`



 

*TWSXYNMW]YIVQ[NTNRKUW[WYVWUW[ZNSN

87;9.*1;.41 ;18 67516)4)


Jfp^kfc_^p^nc]_ilh^qmn^`ickf]_lnpl`lalhljmz|pcn^`mnf_lnklgm^kcif  





Jfp^kfc_^p^nc]plnjleklgofopcjy{ichpnlk^olo  
Jfp^kfc_^p^nc]plnjleklgofopcjy{ichpnlj^akfpkychi^m^ky  

 






 
 
Jfp^kfclsi^db^|wcal`ckpfi]pln^   
kfehlohlnlopklalb`fa^pci]bi]b`fa^pcicg f 
Jfp^kfclsi^db^|wcal`ckpfi]pln^kfehlohlnlopklal   
b`fa^pcif ojklalplucukyj`mnyohljhljmichp^tffoofopcjlgl_lanc`^

 

Jfp^kfclsi^db^|wcal`ckpfi]pln^kfehlohlnlopklal oncbkcohlnlopklal   
b`fa^pcif ojklalplucukyj`mnyohljhljmichp^tffoofopcjlghifj^p hlkpnli]
Jfp^kfclsi^db^|wcal`ckpfi]pln^b`fa^pcif ojklalplucukyj`mnyohlj   

   
hljmichp^tffoofopcjlghifj^p hlkpnli]


87;9.*1;.41 ;18 67516)4)





 

Jfp^kfclsi^db^|wcal`ckpfi]pln^`yolhlohlnlopklg b`fa^pcif f    


Jfp^kfclsi^db^|wcal`ckpfi]pln^`yolhlohlnlopklal   
b`fa^pcif ojklalplucukyj`mnyohljhljmichp^tffoofopcjlgl_lanc`^
 



Jfp^kfclsi^db^|wcal`ckpfi]pln^`yolhlohlnlopklalb`fa^pcif    
ojklalplucukyj`mnyohljhljmichp^tffoofopcjlghifj^p hlkpnli]
Jfp^kfclsi^db^|wcal`ckpfi]pln^b`fa^pcif    



   






ojklalplucukyj`mnyohljhljmichp^tffoofopcjlghifj^p hlkpnli]
Jfp^kfcic`lgi^jmy_ifdkcalo`cp^  
qopnlgop`lncaqifnl`hfk^mn^`ickklopfo`cp^r^n


 


Jfp^kfcmn^`lgi^jmy_ifdkcalo`cp^  
Jfp^kfcic`lgi^jmyb^izkcalo`cp^  
Jfp^kfcmn^`lgi^jmyb^izkcalo`cp^  




Jfp^kfc`ckpfi]pln^m^oo^dfnohlalo^ilk^   
Jfp^kfchklmh^_ilh^qmn^`ickf]b`fa^pcicj  



  





 

Jfp^kfchklmh^lsi^bfpci]m^oo^dfnohlalo^ilk^  

{ichpnlkklal_ilh^qmn^`ickf]opchilj`lbfpci]mfp^kfcb`cnkysecnh^i
Ipoqpop`qcp  Z
 


Jfp^kfcbi]ofopcjybf^aklopfhf`plnfukystcmcgb`fa^pci]  
   

182

87;9.*1;.41 ;18 67516)4)






 

Jfp^kfcofopcjybf^aklopfhfmcn`fukystcmcgb`fa^pci]  
h^pqvhfe^dfa^kf]fkdchplny_ilhqmn^`ickf]b`fa^pcicj hljmichp^tff
ob`fa^pci]jfojklalplucukyj`mnyohlj

 


Jfp^kfc_ilh^qmn^`ickf]b`fa^pcicjb`fa^pciz  
Jfp^kfcplmif`klalk^olo^b`fa^pci]  
Jfp^kfcmcncbkfsmnlpf`lpqj^kkysr^n  




   





Jfp^kfck^olo^ljy`^pci]r^n  
Jfp^kfclbklplk^izklale`qhl`lalofak^i^  



 

Jfp^kfchljmncooln^hlkbftflkcn^  

Jfp^kfcop^npcn^j^akfp   
Jfp^kfc{ichpnlj^akfpklalhi^m^k^mlieqk^b`fa^pciz   






Jfp^kfc_^p^nc]_ilh^qmn^`ickf]`kqpnckkfjlsi^bfpcicj  

Jfp^kfc_^p^nc]_ilh^qmn^`ickf]b`fa^pcicj  


 






 
 
Jfp^kfchnlecphcm^oo^dfnohlalo^ilk^  
Jfp^kfchklmh^rlk^n]e^bkcalslb^_ilh^qmn^`ickf]e^m^izkyjfo`cu^jf 
n^oslbljcn^`lb^`b^pufhcbfecizklalplmif`^

 

Jfp^kfcbi]l_lanc`^e^bkcalopchi^  
Jfp^kfc{ichpnfucohlgofopcjymncblp`n^wckf]l_jcne^kf]ecnh^i 

   

87;9.*1;.41 ;18 67516)4)





 

Jfp^kfcmnf`lb^mcncbkcalm^oo^dfnohlalopchi^  

Jfp^kfcmnf`lb^opchi^`lbfpci]  
 

Z



Ipoqpop`qcp #
Ipoqpop`qcp # Z



   






*TWSXYNMW]YIVQ[NTNRKJILIOVQSN

87;9.*1;.41 ;18 67516)4)




 


Ipoqpop`qcp  Z
Ipoqpop`qcp  Z
Ipoqpop`qcp Z






Jfp^kfcmnf`lb^ncaqifnl`hfomfkhf`lbfpcizohlalofbckz] 
Jfp^kfchnlecphc_^a^dkfh^  


  





 

Ipoqpop`qcp  Z
Ipoqpop`qcp  Z
Jfp^kfc_ilh^mlblanc`^`lbfpcizohlalofbckz] 
 


Jfp^kfc_ilh^mlblanc`^m^oo^dfnohlalofbckz] 
Jfp^kfc_^p^nc]mnf`lb^mn^`lge^bkcgb`cnf  
   

Jfp^kfc_^p^nc]mnf`lb^ic`lge^bkcgb`cnf  
Ipoqpop`qcp # Z

184

.:419)09G/.6)  Jllhlku^kffe^n]bhflphi|ufpc (%'(%"



)33<5<4G;796)G*);)9.G e^n]bklcqopnlgop`lmncdbcucj



 

lpolcbfkfpz^hhqjqi]pln 6@@IBIA5HDFCD?76H6F;;
=HCG;HC@mnltcbqn^e^n]bhf^hhq C6KD:>HG5 5:D8>H65 > 69
jqi]plnklg_^p^ncfmnf`lbfpo]pliz  Lkl`^mlbolcbfkfpclpnft^pciz F;GG>8C65 <>:@DGHR %=7;96?H;
hlbi]omn^`hf
Vpqlmcn^tf|oicbqcp kq|hicjjq^hhqjqi]plnklg_^p^ @DCH6@H6G@D<;?>9A6=6B>D>=

 


`ymlik]pzplizhlofi^jfn^_lpkfhl` ncf
7;<6C>;8=FQ86>A>8D=9DF6C>5=6
lrftf^izklalbficn^hljm^kff0)8
F5:@I 6@@IBIA5HDF6 C;D7KD:>BD
B^n]bh^blidk^mnl`lbfpzo]jcbick EFD8D:>HR8KDFDNDEFD8;HF>86;
klmnfkfehlgoficplh^`pcuckfc BDBEDB;O;C>>8:6A>DHDH@FQHD




   

9DD9C5>A>8D=BD<CQK>GHDMC>@D8





u^ol`
B^n]bh^`pcuckfc_liccbifpciz
klal mcnflb^ jldcp mnf`copf h ml 8D=C>@CD8;C>5>G@F
`ncdbckf|^hhqjqi]pln^

B^n]bh^mnlfe`lbfpo]oicbq|wfjl_
n^elj



 

 Ipolcbfkfpclpnft^pcizkq|hicj
jq^hhqjqi]plnklg_^p^ncf
 Jlbolcbfkfpcmnl`lb^e^n]bklal





qopnlgop`^hhicjj^j^hhqjqi]pln^
ol_i|b^]mli|oklopz
 =hi|ufpce^n]bklcqopnlgop`l

 






 
 
 

   

(%'(%" 87-C.5)+;757*14G





 

(;EQH6?H;GR=6F5<6HR=6 @oifkcl_slbfjlmlbk]pz^`pljl_fiz
B;F=NIT6@@IBIA5HDFCIT l_n^pfpcoz h lrftf^izkljq bficnq
76H6F;TGC6M6A6C6:DED:D<:6HR hljm^kff0)8fjc|wcjq`n^omln]dc
ED@6DC6F6=BDFD=>HG58EFDH>8 kffnqukq|p^izfifmlbxcjkfh

 



CDBGAIM6;DC6BD<;H8=DF86HRG5
"GA>6@@IBIA5HDF=6B;F=HDGA;:I
;HE;F;:6HR;9D@86A>J>L>FD86CCD
BIE;FGDC6AI:A5EFD8;F@>GL;ART



   


I7;:>HRG5MHD8CIHF;CC>;@DBED





nfo
 F0M0237m
C;CHQC;ED8F;<:;CQ>8@DFEIG;
C;HHF;O>CMHDBD<;HEF>8;GH>@
8QH;@6C>T5:D8>HD?>69F;GG>8CD? Jlbxcj ^`pljl_fi] loqwcop`i]gpc
<>:@DGH> plizhlcoifmlbxcjkycnyu^affifi^
mymlbxcjkfh^e^`cbcky`pluhfqh^


 


e^kkyck^nfoqkhc







  





 

 
    

188

*<3:197+3))+;757*14G (%'(%"






 

<qhofnkygnyjmlop^`i]cjyg`jcopco !DIGH6CD8@>FQB6HO6
^`pljl_ficjk^slbfpo]`]wfhcofkop H;ARCDDM>GH>H;;9DF;=R
nqjckp^jfmlbhl`nfhlj`_^a^dkfhc
7D8D;9C;=:D*;F;:7I@G>FD8@D?
39.84.61. I7;:>H;GRMHD8QC6:;<CD=6H5CI

 


*<3:1967,79D5)YQZ A>FQB

?cgop`qgpcoicbq|wfjl_n^elj
 Lkfjfpchnyvhq




   

(%'(%"





nfo
 F0M0243m

 =ykzpc_qhofnkygnyj febcnd^ !DC6M6A67I@G>FD8@>F6


pci] =DB@C>H;=6BD@7AD@>FD8
 H^`cnkfpcnyjk^e^bkfgfifmc @>FIA;8D?@DADC@>GBE6F69F6J
ncbkfgncez_l`lgvpfrp
.GHFD?GH8D =6<>96C>5 9A68Q



 

*F>7DFC65:DG@6>EF>7DFQD
8F;B57I@G>FD8@>EDBC>H;MHDEF>
C;F67DH6TO>KIG>A>H;A5KHDFBD=6
(%'(%" >FIA586BEF>:;HG5EF>@A6:Q86HR
7DARN;;IG>A>;:A5C6<6H>5E;:6


D 8F;B5 7I@G>FD8@> ED




A>>EFD8DF6M>86C>5FIA5!A57I@
BC>H;MHDEF>C;F67DH6T G>FD8@>C;EF>B;C5?H;9>7@>;HFD
O>KIG>A>H;A5KHDFBD=6>FIA586B GQ>>=7;96?H;HDAM@D8EF>:8><;
EF>:;HG5 EF>@A6:Q86HR 7DARN;; nfo
 F0M0238m
C>>*F>7I@G>FD8@;I7;:>H;GRMHD

 


IG>A>;:A5C6<6H>5E;:6A>>EFD8D





 
 
@F;EA;C>;7I@G>FCD9DHFDG6@68HD
F6M>86C>5FIA5!A57I@G>FD8@>C; BD7>ATC;EF>8;AD@ED8F;<:;C>T
EF>B;C5?H;9>7@>;HFDGQ>>=7;96? (%'(%"
:;H6A;?@6G6TO>KG5;9D*F>7I@
H;HDAM@D8EF>:8><;C>>*F>7I@ (; =6EIG@6?H; :8>96H;AR G>FD8@; 68HDBD7>A5 8Q :DA<CQ
G>FD8@; I7;:>H;GR MHD @F;EA;C>; 7I@G>FI;BD9D68HDBD7>A5 IM>HQ86HRDGD7Q;EF68>A6:8><;
7I@G>FCD9DHFDG6@68HDBD7>ATC;

 

C>5HF6CGEDFHCQKGF;:GH88DHCD
EF>8;AD@ED8F;<:;C>T:;H6A;?@6 N;C>>7I@G>FCD9DFQB6>DGIO;
G6TO>KG5;9D*F>7I@G>FD8@;68HD GH8A;C>57I@G>FD8DMCD?DE;F6L>>
BD7>A58Q:DA<CQIM>HQ86HRDGD C6:DFD9;
7Q;EF68>A6:8><;C>5HF6CGEDFH

   
CQKGF;:GH88DHCDN;C>>7I@G>FCD
9DFQB6>DGIO;GH8A;C>57I@G>FD
8DMCD?DE;F6L>>C6:DFD9;


      
 





 


=208-92:?:;2;.>8@35/-:52              
<2=5;15D2>752<=;/2=75 
0=-A57?2B;.>8@35/-:5I                  
                 
 



H7><8@-?-C5I-/?;9;.58I
<2=5;15D2>752<=;/2=75                   

/>8;3:FB@>8;/5IB                       
H7><8@-?-C5I-/?;9;.58I
<=;/2=7-@=;/:263517;>?26 
             
/>8;3:FB@>8;/5IB                       



   







/;41@E:F6A58G?=                        
<=;/2=7-@=;/:263517;>?26              
>-8;::F6A58G?= 
                         
/;41@E:F6A58G?=                        
-77@9@8I?;= 
                              
>-8;::F6A58G?=                          


 


7;82>-5E5:F 
                             
-77@9@8I?;=                               
=245:;/F2E8-:05 
                          
7;82>-5E5:F                              
>?278;;D5>?5?285/2?=;/;0;
=245:;/F2E8-:05                           


>?278-
4-1:20;>?278-                       



>?278;;D5>?5?285/2?=;/;0;
7@4;/                                        
>?278-
4-1:20;>?278-                       
>-8;:                                       
7@4;/                                        



  





 

>-8;:                                       
 
    


7,*2'3,4945, @7-4-:52?NY\[i]^\Q^NZZi`Sc\O
°§¤ª¥¢ ¬ÍËÀͽÉɽ ÏÂÒ˾ÎÈÐÃÅ @7-4-:52 / _YaeNS P\U[VX[\PS[VM



YlOic RNTS _NZic [SU[NeV`SYj[ic



5(82:-/)'4/, _YaTVPN[VM^SQYNZS[`V^al`_M]^\VU
¿½ÊÅÜ ÍÂÀȽÉÂÊÏÅÍÐÛÏÎÜ ÌÍËÅÄ¿ËÁÅ

 

ÏÂÈÂÉŸÎÈÐÔ½ÂÊÂÌÍËÒËÃÁÂÊÅÜ¿ÎÂÀË
P\RV`SYSZ  / _YaeNS [S]^\c\TRS[VM ]^\OYSZPkX_]YaN`NdVVNP`\Z\OVYM^S
<^NPVYj[\S\O_YaTVPN[VSNP`\Z\OVYM ÌÍÂÁÌÅνÊÊËÀËÏÂÒ˾ÎÈÐÃÅ¿½ÊÅÜ ¿ËÄ
P_SQ\]^SR]V_N[[\Q\`Sc\O_YaTVPN[VM X\ZS[RaSZ\O^NgN`j_MX\bVdVNYj[\
MPYMS`_MX^NW[SPNT[iZRYM\OS_]SeS ÊÅǽÂÏÐÀÍËĽÌËÏÂÍÅÀ½Í½ÊÏÅÅ
P\U[VXNS`aQ^\UN]\`S^VQN^N[`VV ZaRVYS^aX\Z]N[VV$ *[SR\TVRNM_j
[VMSQ\R\YQ\W_YaTOi _^\XN_YSRalgSQ\`NY\[N

 


=SQYNZS[`[\S\O_YaTVPN[VSPi]\Y[M
/\`]\eSZaX\Z]N[VM$ *^NU^NO\`NYN S`_M P_SZV \bVdVNYj[iZV RVYS^NZV 2_YV/NfNP`\Z\OVYjeN_`\V_]\YjUaS`
ZS`\RVXa]^\PS^\XV\]S^NdVW`Sc\O X\Z]N[VV$ *PUN^N[SS\]^SRSYS[[iS _MRYMOaX_V^\PXVV[`S^PNYZSTRaV_
_YaTVPN[VMPi]\Y[MSZic]\_YSXNT _^\XV ]\Y[S[VSZ`NY\[\P`Sc\O_YaTVPN[VM
Ric  XZ]^\OSQN R\YTS[_\X^NgN`j_M




   





2_YVP]^\dS__SPi]\Y[S[VM`Sc\O_Ya
:S\Oc\RVZ\]\Z[V`j\`\Ze`\^SQYN TVPN[VM]\ZVZ\]^SR]V_N[[icRSW_`
ZS[`[\S\O_YaTVPN[VS[S]\X^iPNS` PVWP\U[VXNS`[S\Oc\RVZ\_`jPR\]\Y
P_Sc ]\`^SO[\_`SW NP`\Z\OVYM ]\ [V`SYj[icUNZS[NcX\Z]YSX`algVcVYV
_X\YjXaP[NeNYj[iW]S^V\RR\UNeS`N PVc^SZ\[`S`\Pi]\Y[S[VSRN[[ic



 
]S^P\Q\`NY\[N`Sc\O_YaTVPN[VM 


RSW_`PVWP\UZ\T[\`\YjX\_]^MZ\Q\
XZV]\UR[SSZSTRa]S^PiZVP`\ _\QYN_VMPYNRSYjdNNP`\Z\OVYM
^iZ`NY\[\ZPYlO\Z_YaeNS`^SOaS`
_M]^\R\YTN`j\Oie[\S`Sc\O_YaTVPN
[VS`NX\SXNX[N]^VZS^]\P_SR[SP[iS





]^\PS^XV]\]\Y[S[VSa^\P[MTVRX\
_`SW]\RXNeXNfV[V` ]

 






 
 
 

   

6,7/5+/>,81/,675),71/ C1862:'9'=/E  :S\Oc\RVZ\]^\PS^M`jeV_`\`a




 ')9535(/2E UNZX\PXN]\`NVONQNT[VXNN`NXTS
 

<\_YSXNTRic XZ]^\OSQNVYV]S )825-4A<:825)/E< eV_`\`a V _ZNUXa ^ieNQN ^ae[\Q\


^SRRYV`SYj[\W]\SURX\WPi]\Y[MW`S `\^Z\UN
_YSRalgVS]^\PS^XVV]\]\Y[V`Sa^\ /_YaeNSV_]\YjU\PN[VMNP`\Z\OVYMP
PS[j_YSRalgVcTVRX\_`SWS_YV[S\O ]S^SeV_YS[[ic[VTS`MTSYica_Y\PV  /VUaNYj[\]^\PS^M`j_\_`\M[VS
 



c\RVZ\ MckX_]YaN`NdVV RPVQN`SYMX\^\OXV]S^SRNe`^N[_


ZV__VV`^aO\]^\P\R\PVfYN[Q\P
 @^\PS[j\cYNTRNlgSWTVRX\_`V  <^VOaX_V^\PXS]^VdS]NVYVR\ZN PicY\][\W_V_`SZi`\]YVP[\W_V
]^VdS]N _`SZi`\^Z\U\P^SUV[\PiceN_`SW
 @^\PS[j`\^Z\U[\WTVRX\_`V



   


eScY\P^aXNP\PP`aY\XV` ] 



 :N]iYj[icR\^\QNc



 @^\PS[j_`SXY\\eV_`V`SYMPONeXS
\ZiPN`SYMPS`^\P\Q\_`SXYN  <^VPi]\Y[S[VV]\SUR\X[NX\^\`  :S\Oc\RVZ\]^\PS^M`jUN^MRNXXa
XVS^N__`\M[VMZS[SSXZa_a ZaYM`\^NVa^\PS[jkYSX`^\YV`NP
 1NPYS[VSPfV[NcVVc_\_`\M[VS QaOYS[[ic`SZ]S^N`a^\WN`Z\_bS^ [SZ
 <^\PS^j`S^NO\`a_V_`SZi\_PSgS [\Q\P\URacN[VTS[aYM


 

 /VUaNYj[\ ]^\PS^M`j _\_`\M[VS




[VMbN^]\P\^\`[VX\PNPN^VW[ic  <^VeN_`\Wc\Y\_`\W^NO\`SRPVQN ]^VP\R[ic^SZ[SW


_VQ[NY\PV` ]  `SYMVYV]^VRYV`SYj[ic]\SURXNc  :S\Oc\RVZ\]^\PS^M`jV]^V[S\O
 <^\PS^j`S^NO\`a_`SXY\\eV_`V`S [NZNY\W_X\^\_`V[N]^VZS^]^V c\RVZ\_`VUNZS[M`jbVYj`^_NY\[N
YM
\ZiPN`SYM PS`^\P\Q\ _`SXYN N R\_`NPXS`\PN^\P[NR\ZVYVP_Ya




`NXTS]\Y\TS[VSVVU[\__X^SOXN eNSRYV`SYj[\Q\]^\_`\M  :S\Oc\RVZ\]^\PS^M`jV]^V[S\O


_`SXY\\eV_`V`SYMPS`^\P\Q\VUNR c\RVZ\_`V UNZS[M`j P\URaf[iW
 <^V V_]\YjU\PN[VV NP`\Z\OVYM P bVYj`^1/>
[SQ\_`SX\Y Q\^\R_XVca_Y\PVMc


  





<\_YSXNTRic XZ]^\OSQN`^SOa

 

:S\Oc\RVZ\Pi]\Y[M`jPifSaXNUN[
S`_M]^\PS^XNa^\P[MVR\YVPZ\`\^[\ [iS]^\PS^XVeNgSeSZk`\Q\`^SOaS`
Q\ZN_YN 0^NbVX`Sc\O_YaTVPN[VM
=SX\ZS[RaSZV_]\YjU\PN`j]^\RaX`i  :S\Oc\RVZ\]^\PS^M`j_\_`\M[VS
ZN_YN#%#&$"^NU^NO\`N[[iS_]S VVU[\_X\Y\R\X]S^SR[VcRV_X\
 


dVNYj[\ RYM NP`\Z\OVYSW ZN^XV $ * Pic`\^Z\U\P


_Z `NOYVda;OhSZiTVRX\_`SWPQYN
PS?Sc[VeS_XVSa_Y\PVM
   


675),71'






 

:75)4,0-/+1589,0

 


! !
!27;01-:27@=5?2<=5=-
.;?2 / 9;?;=:;9 ;?>272
-/?;9;.58,+<-=G?;<85/-9;0@?




   





/;><8-92:5?H>,



 

@1H?2/:59-?28H:G<=5<;
<;8:2:55 @=;/:26 =-485D =V_  KX\Z]YSX`NdVV V  F0M0145m
:GB 3517;>?26 + />2 ;:5
/4-59:; :2>;/92>?59G 5
<=5>92E2:559;0@?:-:2>?5>2=H24





:G6/=21-/?;9;.58J

 




 ;cYNTRNlgNMTVRX\_`jRPVQN`SYM



 
 
 HYSX`^\YV`
 >`SXY\\eV_`V`SYj

 ?\^Z\U[NMTVRX\_`j

 

 9\`\^[\SZN_Y\

   

 ;cYNTRNlgNMTVRX\_`jRPVQN`SYM





 

 HYSX`^\YV`
 >`SXY\\eV_`V`SYj

 ?\^Z\U[NMTVRX\_`j
 



 9\`\^[\SZN_Y\



   








 


=V_  KX\Z]YSX`NdVM   F0M0269m






 9\`\^[\SZN_Y\
 ;cYNTRNlgNMTVRX\_`jRPVQN`SYM
 >`SXY\\eV_`V`SYj


  





 


 ?\^Z\U[NMTVRX\_`j
 HYSX`^\YV`
 AVYj`^RVUSYj[\Q\`\]YVPN
 
    

=V_  KX\Z]YSX`NdVV _Z[\Q\`\eSe[iZP]^i_X\Z


­ÅÎÇËÉÌÈÂÇϽÓÅÜÁÅÄÂÈÙÊØÆÁ¿ÅÀ½ÏÂÈÙ F0M0146m


 9\`\^[\SZN_Y\






 

 ;cYNTRNlgNMTVRX\_`jRPVQN`SYM
 >`SXY\\eV_`V`SYj

 ?\^Z\U[NMTVRX\_`j

 


 HYSX`^\YV`
 AVYj`^RVUSYj[\Q\`\]YVPN




   








 

=V_ KX\Z]YSX`NdVV _Z[\Q\`\eSe[iZP]^i_X\Z
­ÅÎÇËÉÌÈÂÇϽÓÅÜÁÅÄÂÈÙÊØÆÁ¿ÅÀ½ÏÂÈÙ F0M0148m





 






 
 
 

   

7'8<5+3595745*53'82'





 

9NX_ a^\PS[j^N_c\RNZ\`\^[\Q\ZN_
YN_\_`NPYMS`]^VOYVUV`SYj[\ Q[N
XNTRal XZ
 



7\QRN NP`\Z\OVYj [\PiW RPVQN`SYj


R\YTS[ ]^V^NO\`N`j_M ]\k`\Za ]\
`^SOYS[VSZN_YNZ\T[\_eV`N`j_`NOV
YVUV^\PNPfVZ_M`\YjX\]\_YS]S^Pic



   


  XZ]^\OSQN





=V_ KX\Z]YSX`NdVV V  F0M0149m =V_ KX\Z]YSX`NdVV  F0M0150m

ÁÅÄÂÈÙÊØÆÁ¿ÅÀ½ÏÂÈÙ
_Z[\Q\`\eSe[iZP]^i_X\Z @7-4-:52<\`^SOYS[VSZN_YNUNPV_V`
\` _`VYM P\TRS[VM N `NXTS a_Y\PVW
kX_]YaN`NdVVNP`\Z\OVYM


 

@7-4-:52<\_YS]\]\Y[S[VMa^\P[M


VYVUNZS[iZN_YNRNW`SRPVQN`SYl]^\
^NO\`N`j[S_X\YjX\_SXa[RN]\`\ZRNW
`SSZa]\_`\M`j[S_X\YjX\ZV[a`]S^SR
`SZXNX]^\PS^V`ja^\PS[jZN_YN




=V_ KX\Z]YSX`NdVM   F0M0268m =V_ KX\Z]YSX`NdVV  F0M0151m


! !
_Z[\Q\`\eSe[iZP]^i_X\Z
ÁÅÄÂÈÙÊØÆÁ¿ÅÀ½ÏÂÈÙ


  





 

;01- 1/50-?28H 0;=,D56


>;.8J1-6?2;>?;=;3:;>?H
3595745,3'825 2_YVa^\PS[jZN_YN[Nc\RV`_MOYVUX\ <=5=-.;?2/9;?;=:;9;?>272D?;
7NW   N \`VYVRNTS[VTS^V_XVR\YSW .G :2 <;8@D5?H ;3;05 #;9:5?2
`SZN_YNeS^SUQ\^Y\PV[a ]\XNSQ\ D?;7;01-1/50-?28H0;=,D569;32?
<^\PS^j`Sa^\PS[jZ\`\^[\Q\ZN_YNeS^SU a^\PS[j[SR\WRS`R\^V_XV! /78JD5?H>,/2:?58,?;="<->-6?2>H
 


[S_X\YjX\]^VZS^[\ZV[a`]\_YS\_`N
[\PXVRPVQN`SYM]^Vk`\ZNP`\Z\OVYjR\Y @^\PS[jZN_YN[VX\QRN[SR\YTS[]^S <;<-1-:5, E-=A;/ 0-8>?@7;/ 5
TS[Oi`j]^V]N^X\PN[[N^\P[\W_`\M[XS PifN`j^V_Xa! <=;D5BI8292:?;/;1231G/;/=-
F-JF52>,D->?5<;>7;8H7@I?;9;
@^\PS[jZN_YNR\YTS[[Nc\RV`j_MZSTRa 32?<=5/2>?57?,328G9?=-/9-9
   

^V_XNZV V! [Nga]S


<^\ZSTa`\XZSTRa^V_XNZV V!
_\\`PS`_`PaS`]^VOYVUV`SYj[\\R[\ZaYV`
^aZN_YN
200

2_YVa^\PS[j[VUXVWR\YSW`S_ZS_jVU



  RV_`VYYV^\PN[[\W P\Ri V  



 

   ]^\VUP\R_`PN!%!
&$ )'+(PQ\^Y\PV[a R\`Sc]\^]\
XNa^\PS[j[SR\_`VQ[S`^V_XV!

 


  _ZS_jRV_`VYYV^\PN[[\WP\RiV
   \OS_]SeVPNS`UNgV`a
\`Z\^\UNR\J




   





^V_  F0M0152m ^V_  F0M0154m

>5>?292;B8-312:5,1/5
0-?28,5><;8H4@2?>,;B8-3 89,1255>/89/9,2B
!21;85/-6?29->8;>B-=-7?2 1-JF-, 3517;>?H-:?5
=5>?57-95;?85D-JF595>,;?
53A)'9,2E
A=54  ><;8H ),975)5*5.'+4,*5



 
?2B7;?;=G95;.8-1-2?9->8;


4@6?218,<;<;8:2:5,@=;/:,?;8H7; 89,1527NW
@32:-B;1,F22>,/1/50-?282 ;B8-31-JF@J3517;>?H?;0;?5<-
7;?;=G6 :-B;15?>, / .-D72 51 1YM `\Q\ e`\Oi ]\]\Y[V`j a^\PS[j
7;>?H  :29;32?.G?H _[VZV`S]^\OXa
><;8H4;/-::;29;?;=:;2 >92E-:-:5>7-7591=@059?5<;9


1\YSW`S_ZS_jP\RiV 




9->8; 5 A58H?= >;12=3-? 3517;>?5>8532>92E2:52/>2?-  _YSRaM]^\]\^dVV


;<->:G218,;7=@3-JF26 75<=;54;E8;:5/7;29>8@D-2:24-
>=21G/2F2>?/-%/,35?2>H <@>7-6?21/50-?28H5>/,35?2>H>;A5   
;A5C5-8H:G91582=;97;9<-:55 C5-8H:G91582=;97;9<-:55 V P\RiYS`\Z

 






 
 
18,4-92:G9->8-5A58H?=-<;     
>7;8H7@@:20;5922?>,><2C5-8H:;2 V P\RiUVZ\W
;.;=@1;/-:5218,?;0;D?;.G@?585
45=;/-?H9->8;5A58H?=G:2:-:; ! ! 2_YV`SZ]S^N`a^N[N^aT[\Q\P\URacN
>,<=5I?;9/=21-<=5=;125:2:-=@ %5>?29-;B8-312:5,:-B; [VTS JV_]\YjUaW`S[S^NUONPYS[

 

E-,4-7;:;/ 15?>,<;11-/82:529#=5 [al TVRX\_`j   
:2;.B;159;>?54-92:G<=;.755> 
5<2'-+'D@'E <;8H4@6?21=@0@J?;8H7;?;0;32?5
-/+1589B+)/*'9,2E7NW <-/<=;?5/:;9>8@D-2IAA27?5/
:;>?H>5>?29G9;32?.G?H:-=@E2

   
@^\PS[j\cYNTRNlgSWTVRX\_`VR\Y :-!2>:59-6?2<=;.7@>.-D7-<=5
TS[]^\PS^M`j_M]^Vc\Y\R[\ZRPVQN 0;=,D29 1/50-?282 /; 54.23-:52
`SYSVR\YTS[[Nc\RV`j_MZSTRa^V_ ;3;0;/
XNZV V! [NONeXS
199

<^\PS^j`Sa^\PS[jPONeXS
@1H?2 ;>?;=;3:G > ?;=





 

9;4:;6 3517;>?HJ + ;:-


;D2:H>58H:;><;>;.>?/@2?
7;==;455%?-=-6?2>HD?;
! ! .G;:-:2<;<-8-:-7@4;/2>8532
 



!21;<@>7-6?21/532:5,> I?;<=;54;E8;>9;6?222:292182:
<@>?G9.-D7;9;9G/-?28, :;/;1;6
/2?=;/;0; >?278- <;>7;8H7@ 1-:
:G6;9G/-?28H50=-2?78JD2/@J



   


=;8H/;.2><2D2:55B;=;E26/515





"$# 
ÍÅÎ F0M0155m
! !
9;>?5
&;=9;4:-,3517;>?H7=-6
95735.4'E-/+1589B :2,1;/5?-5217->8@D-2
7NW 7;:?-7?->D->?,95?28-:292182:
:;>9;6?222:26?=-8H:G99G8;9


 

;`X^a`V`S]^\OXa VaOSRV`S_jP`\Z


! !
e`\a^\PS[jTVRX\_`VPONeXSZNX_VZN 5/;1;64-?29?F-?28H:;;<;8;>:5
!27;?;=G2 1;>?@<:G2 / ?292>?;7;:?-7?-G4;/5?2/=-D-
<=;1-323517;>?5>?278; YS[
/>8@D-22>85?;=9;4:-,3517;>?H
;D5>?5?285,/8,J?>,<;3-=;;<-> @^\PS[jTVRX\_`VPONeXS[SR\YTS[ <;<-8-/:@?=H;=0-:549-
:G959;?;=:;9;?>272592J?




]^SPifN`j\`ZS`XV!
>,0;=,D52D->?5;?7;?;=GBI?5
3517;>?59;0@?4-0;=2?H>, 5_]\YjUaW`S RYM ]\]\Y[S[VM a^\P[M
`\YjX\TVRX\_`j
=SX\ZS[RaSZ
  
XNX TVRX\_`j V_ ! !


  





 

]\YjUaSZalRYM]S^P\WUNYVPXV :-D;7  :-7-:5>?=2;.;


@7-4-:52?\^Z\U[NMTVRX\_`jQVQ 4:-D-2?>5:?2?5D2>7@J?;=
^\_X\]Ve[N` S ]\QY\gNS`PYNQa <\ 9;4:@J3517;>?H/;?85D52;?95
k`\W]^VeV[SS_YVNP`\Z\OVYjkX_]Ya :2=-8H:;6 ><;8H4;/-:52 95:2
N`V^aS`_MP^NW\[Nc_Pi_\XVZa^\P[SZ =-8H:GB?;=9;4:GB3517;>?26:-
 


N`Z\_bS^[\W PYNT[\_`V TVRX\_`j :;>5?:2/;><;8:59G6@F2=.=245


R\YT[NUNZS[M`j_MO\YSSeN_`\eSZk`\ :;/G9<=;78-17-9?;=9;4:;6>5>
aXNUN[\PL0^NbVXS`Sc\O_YaTVPN[VM ?29G
   


)5.+:?4A0 8'2544A0;/2B97 '11:3:2E957






 

;/2B97+)8 4NZS[N_NY\[[\Q\\bVYj`^N\_agS_`P -XXaZaYM`\^NP`\Z\OVYM\`[\_V`_MX


4NZS[NP\URaf[\Q\bVYj`^N1/>\bV YMS`_M\bVdVNYj[iZRVYS^\ZX\Z]N `V]aX\`\^\Za`^SOaS`_M\Q^N[VeS[[\S
dVNYj[iZRVYS^\ZX\Z]N[VV$ * [VV$ * \O_YaTVPN[VSP[\^ZNYj[ica_Y\PVMc
Ÿ Ľ¿ÅÎÅÉËÎÏÅ ËÏ  ÉÂÎÏÊËÎÏÅ ÚÇÎÌÈÐ [S`^SOaS`_MR\YVPN`jRV_`VYYV^\PN[

 


½Ï½ÓÅÅ ÉÂÀ½ÌËÈÅÎØ  ÌØÈÙʽÜ ÉÂÎÏ [alP\Ra
ÊËÎÏÙ ÉÂÎϽÌÍËÅÄͽÎϽÊÅÜÌÐÒË˾ͽ
ÄÐÛÖÅÒ ͽÎÏÂÊÅÆ
  ĽÉÂʽ νÈËÊÊËÀË
ÑÅÈÙÏͽ ÉËÃÂÏ ÌÍËÅÄ¿ËÁÅÏÎÜ Ô½ÖÂ 675),71'.'7E+'7NW
ÔÂÉÌÍÂÁÌÅνÊËÍÂÀȽÉÂÊÏÊØÉÅͽ¾Ë




   





ϽÉÅ 4N^MRNXXaZaYM`\^NZ\T[\]^\PS^V`j
V_]\YjUaMV[RVXN`\^^N_]\Y\TS[
[iW[NX^ifXSNXXaZaYM`\^NXNXk`\
]\XNUN[\[N=V_  V=V_  RSW_`PaM
_\QYN_[\dPS`aV[RVXN`\^N



 

>Z `NOYVda[VTS

! !





'827?=;85?/-77@9@8,?;
=2,/8,2?>,,1;/5?G9521
7594.20-6?2227;:?-7?->08-4-
9557;326!2<;1:;>5?27-77@

 






 
 
9@8,?;=@;?7=G?;0;;0:,5855>?;D
:57-5>7=G/;54.23-:52/;40;=-
:5,5/4=G/-

 

! !
'7><8@-?-C5,-77@9@8,?;
=->:54759@=;/:29I827
?=;85?-9;32?<=5/2>?57:2<;<=-

   
/59;9@/=21@18,-77@9@8,?;=-5
1-327/4=G/@


!2<=-/58H:-,@>?-:;/7-I827





 

?=5D2>7;0;5I827?=;::;0;;.;
=@1;/-:5,9;32?:-:2>?5>2=H
24:G6/=21-/?;9;.58J>85
<;>82<=5;.=2?2:5,-/?;9;.58,G=2
 

E5?2@>?-:;/5?H1;<;8:5?28H:G2I827?



=5D2>752>5>?29G?=2.@JF52@>?-:;/75
<;>?;,::;6I827?=5D2>7;6<=;/;175>50
:-854-C5J><@?:57;/@J<=;?5/;@0;::@J
>5>?29@5?15857-75285.;1;<;8:5



   






^V_  F0M0242m ^V_   F0M0159m ?28H:G2>5>?29G7;?;=G2@/285D-?:-


0=@47@:->@F2>?/@JF@JI827?=5D2>7@J
<=;/;17@;.=-F-6?2>H7;A5C5-8H:;9@
EVPTHLQ]O :S\Oc\RVZ\R\YV`j >PMTV`S_j_\bVdVNYj[iZ 1582=@7;9<-:55/-85A5C5=;/-:
ZILX kYSX`^\YV` RVYS^\ZX\Z]N[VV$ * :G6<2=>;:-8-/?;=54;/-::;0;1582=-:2


 

?;8H7;<=218;35?-9:-5.;822<;1B;


9LRS]OZILX :VUXVWa^\PS[jUN^MRN 4N^MRV`SON`N^Sl 1,F52@>?=;6>?/-:;5;C2:5?:->7;8H


HLMMLQLSTJT ^SX\ZS[RaS`_PMUN`j_M 7;E?-?:-,I827?=5D2>7-,>5>?29--/?;
IZLSXVL _\bVdVNYj[iZ 9;.58,><;>;.:-/G12=3-?H?=2.@29@J
RVYS^\ZX\Z]N[VV$ * :-0=@47@585:2;.B;159-@>?-:;/7-.;




8229;F:;0;-77@9@8,?;=-
9LRS]OZILX 1\_`N`\e[iWa^\PS[j :S[aT[\]^SR]^V[VZN`j
HLMMLQLSTJT kYSX`^\YV`NVUN^MRN [VXNXVcRSW_`PVW
IZLSXVL 77@9@8,?;=>;12=35?/2F2
>?/-;<->:G218,;7=@3-J


  





 

F26>=21G$27;92:1@2992
:,?H -77@9@8,?;= @ ;A5C5
.'3,4''11:3:2E957' :1'.'4/, 4N^MRNXXaZaYM`\^NR\Y -8H:;0;1582=-7;9<-:55<;>7;8H
TS[Oi`j]^\PS^S[P[NeNYSUVZiPdS 7@@:20;2>?H><2C5-8H:;2;.;=@1;/-
/_YaeNS[S\Oc\RVZ\_`VUNZS[V`SNX YMc]^SR\`P^NgS[VMUNZS^UN[VMkYSX` :5218,@?5854-C555><;8H4;/-::GB-7
XaZaYM`\^\^VQV[NYj[iZUN]N_[iZ_`S ^\YV`N 1N[[NM]^\PS^XNR\YT[NPi 7@9@8,?;=;/.24@F2=.-18,;7=@3-
 


ZVTScN^NX`S^V_`VXNZV ]\Y[M`j_MeNgSP_YaeNSS_YVNP`\Z\ JF26>=21G5:-=@E2:5,4-7;:;/


/_YaeNSa_`N[\PXVNXXaZaYM`\^N_R^a OVYjV_]\YjUaS`_MP\_[\P[\ZRYMX\
QVZV cN^NX`S^V_`VXNZV V[`S^PNYi ^\`XVc]\SUR\XVYVS_YV\[\_[NgS[ ! !
ZSTRa`Sc\O_YaTVPN[VSZaXNUN[[iSP \O\^aR\PN[VSZ]\_`\M[[\]\`^SOYM >85-/?;9;.58H:25><;8H
   

0^NbVXS`Sc\O_YaTVPN[VMPk`\WQYN lgVZ kYSX`^\k[S^QVl RNTS ]^V [S 4@2?>,:-<=;?,32:55185


PSPRNYj[SWfSZ[SRSW_`PV`SYj[i P_`NPYS[[\ZXYleSUNTVQN[VM\_\OS[ ?28H:;0;/=292:5/@>8;/5,BB;8;1
[\S_YVk`\]\_YS]^\RNT[\S\O\^aR\ :;0;7859-?->:595?2-77@9@8,?;=5
/k`\Z_YaeNS[S\Oc\RVZ\^aX\P\R_`P\PN`j PN[VS B=-:5?220;/?2<8;9<;92F2:55/;
_MaXNUN[VMZV]^\VUP\RV`SYMNXXaZaYM`\^N 54.23-:524-92=4-:5,I827?=;85?-
204

! ! @7-4-:52-XXaZaYM`\^a^\PS[jUN^M ;OgSS ]\`^SOYS[VS k`Vc a_`^\W_`P






RNX\`\^\Q\\_`NS`_M[VTS V[RVXN XNXUNP\R_XVc`NXV]\_YS]^\RNT[ic

 

><;8H4@6?24-F5?:G2;D `\^UN^MRNQ\^V``SZ[iZdPS`\ZOSUUS R\YT[\_\_`NPYM`jZS[SS Z-,


75<=5=-.;?2>-77@9@8, YS[\Q\dPS`NPdS[`^S[N]^\`MTS[VV eN_NXXaZaYM`\^NXNXk`\]\XNUN[\P
?;=;9585<=5:-B;312:55=,1;9 YlO\Q\]S^V\RNP^SZS[VOaRS`]\P^ST _YSRalgSW`NOYVdS
>:59 RS[_aYjbN`NdVSW_[SQN`VP[iZV]\_YSR

 


_`PVMZVRYM^NO\`i_`N^`S^N
'PPYRYQFXTV 3GPWNRGQ^SGF
7^\ZS`\Q\k`\Z\TS`]^VPS_`VXO\YSS KTUYWXNRGF
652,.4A,85),9A1'1 Pi_\X\Za^V_XaUNZS^UN[VMkYSX`^\YV`N SGJVYMPG
675+2/9B-/.4B)'?,*5 RNTS]^V J 2_YVNP`\Z\OVYj[SV_ HLMY[LXGUTXLV^




   





'11:3:2E957' ]\YjUaS`_M[N]^\`MTS[VVRYV`SYj[\Q\
]S^V\RNP^SZS[V_Z <^\_`\WNP`\Z\  eN_ Z-
D`\OiVUOSTN`j\_afS[VMkYSX`^\YV`N
V]^\RYV`jTVU[j/NfSQ\NXXaZaYM`\^N OVYMPQYNPS<^NPVYj[NMkX_]YaN`NdVMNP
`\Z\OVYM  eN_  Z-
_YSRaW`S _YSRalgVZ ^SX\ZS[RNdVMZ



 

2_YV]\_YS]^V\O^S`S[VMNP`\Z\OVYM/i  eN_ Z-
 <^V]N^X\PXS_`N^NW`S_je`\OiP_S
RPS^VPXYleNMRPS^jONQNT[VXNN ^SfV`Sa_`N[\PV`jR\]\Y[V`SYj[iSkYS
`NXTSXN]\`OiYV]Y\`[\UNX^i`i X`^VeS_XVS_V_`SZi`^SOalgVSa_`N[\P
XV]\_`\M[[\WkYSX`^VeS_X\W]^\P\RXV
 @OSRV`S_jP`\Ze`\\_PSgS[VS_N _VQ[NYVUNdVl _]a`[VX\Pal ]^\`VP\





Y\[NPiXYleS[\c\`MNP`\Z\OVYj aQ\[[al_V_`SZaV` R VYVXNXVSYVO\


\_[NgS[_V_`SZ\WNP`\ZN`VeS_X\ R\]\Y[V`SYj[iS_V_`SZiX\`\^iSaPSYV
Q\\`XYleS[VM\_PSgS[VMP_NY\[S eN`[NQ^aUXa[N_agS_`PalgalkYSX`^V
eS_Xal]^\P\RXa\O^NgNW`S_jX\bVdV

 




 >`N^NW`S_j e`\Oi kYSX`^VeS_X\S



 
 
\O\^aR\PN[VS/NfSQ\NP`\Z\OVYM NYj[\ZaRVYS^aX\Z]N[VV$ * 7PNYVbV
[N]^VZS^ NaRV\_V_`SZN NPN^VW dV^\PN[[iW]S^_\[NYNP`\^VU\PN[[\Q\
[iS\Q[VV` ] [S\_`NPNY\_j[N RVYS^N[S`\YjX\]^SRY\TV`/NZ[NVO\
R\YQ\PXYleS[[iZ]^VPiXYleS[ YSS]\Rc\RMgVSa_`^\W_`PN[\V\dS[V`
[\ZRPVQN`SYS [N_X\YjX\f`N`[NMkYSX`^VeS_XNM_V_`S

 

ZNNP`\Z\OVYM_]\_\O[NPiRS^TN`j`^S
 <S^SR`SZXNXPi]\Y[M`jXNXVSYV OaSZal[NQ^aUXaVYV[S\Oc\RVZNa_`N
O\^NO\`i_kYSX`^VeS_X\W_V_`S [\PXNO\YSSZ\g[\Q\NXXaZaYM`\^N
Z\WNP`\Z\OVYM\`_\SRV[V`SZV
[a_\PalXYSZZaNXXaZaYM`\^N :S\Oc\RVZ\]\Z[V`j\`\Ze`\]\_X\Yj

   
Xak`Va_`^\W_`PN]^\R\YTNl`]\`^SO
 <^\PS^MW`S_\_`\M[VSXYSZZNXXa YM`jkYSX`^\k[S^QVlRNTS]^V[SP_`NP
ZaYM`\^N YS[[\ZXYleSUNTVQN[VM\[V]\_`S]S[
[\^N_c\Ral`^S_a^_NXXaZaYM`\^N
203

152,8'/?/4A  EV[i]\^`M`_M_\P^SZS[SZRNTS




 S_YV \[V V_]\YjUal`_M [SeN_`\
 

<^\PS^MW`SRNPYS[VSP\P_ScfV[Nc <^VU[NXNZV_`N^S[VMMPYMl`_M`^S
PXYleNMUN]N_[\SX\YS_\^NUPRPS[S gV[iP]^\`SX`\^S /YlO\Z_Ya
RSYVV]S^SRRYV`SYj[iZV]\SURXNZV eNSS_YVfV[ikX_]YaN`V^al`_MO\
1NPYS[VSR\YT[\]^\PS^M`j_M[Nc\ YSSYS`[S\Oc\RVZNVc]^\PS^XN
 



Y\R[icV_]\X\W[icfV[Nc _]SdVNYV_`NZV[N]^SRZS`P\UZ\T
1YM\U[NX\ZYS[VM_]^NPVYj[iZVU[N [\_`V]^\R\YTS[VMkX_]YaN`NdVV
eS[VMZVRNPYS[VMPfV[Nc_Z 7\YS :SUNOaRj`S]^\PS^V`j`NXTSUN]N_
_NPQYNPS?Sc[VeS_XVSa_Y\PVM [\SX\YS_\



   






^V_   F0M0160m

:S]^NPVYj[\SRNPYS[VSPfV[S]^VP\  <^VUNZS[SfV[P_SQRNa_`N[NPYV
RV` X SS ]^STRSP^SZS[[\Za VU[\_a PNW`S[\PiS 5UOSQNW`SV_]\YjU\PN
)'-4A,67/3,>'4/E [VMfV[_\Z[V`SYj[\Q\]^\V_c\T
VNW

 >`N^NW`S_jXNXZ\T[\ZS[jfS^SU RS[VM
 [\^ZNYj[\S RNPYS[VS ]^\`SX`\^


 


X\`\^Z\UV`jV^SUX\`^\QN`j_M[S  <^V UNZS[S fV[i ZS[MW`S `NXTS


_[NfVPNS`_M^\P[\ [NSUTN`j[N]\^SO^VXVR^aQVS]^S XYN]N[SS[NRaPN
 [VUX\SRNPYS[VS]^\`SX`\^_[NfV ]M`_`PVM[SUNSUTN`jPMZi <\Z[V
PNS`_M\_\OS[[\aX^NSP `Se`\R\YQNMSURN]\]Y\cVZR\^\  /dSYMc\OS_]SeS[VM^\P[\Q\VU[\
QNZZ\TS`]\P^SRV`jfV[i _N]S^SR[VcVUNR[VcfV[^SX\ZS[




 Pi_\X\SRNPYS[VS]^\`SX`\^_[N RaS`_MZS[M`jX\YS_NZS_`NZVXNTRiS
fVPNS`_M]\_S^SRV[S  <^\P\RV`S]S^V\RVeS_XVS]^\PS^  `i_MeXZ_YSRM]^Vk`\ZUN`SZ
XVfV[[N]^SRZS`[NYVeVMO\X\ e`\Oi\[V_\c^N[MYV`aTS_`\^\[a
:S\Oc\RVZ\ UNZS[V`j fV[i X\QRN Pic]\^SU\PN[\^ZNYj[\Q\PURa`VM
]^\`SX`\^_[NfVPNS`_MR\ ZZ /Yl ]^NPalVYVYSPale`\Oi[S[N^a


  



VYV [S^NP[\ZS^[\Q\ VU[\_N  2_YV





 

O\Z_YaeNS[S\Oc\RVZ\P]S^Pal\eS fV`j[N]^NPYS[VSVcP^NgS[VM
/NZV\O[N^aTS[N\R[NVUk`Vc[S
^SRj^aX\P\R_`P\PN`j_M]^NPVYNZV`\W V_]^NP[\_`SW\O^NgNW`S_jX\bV
_`^N[iPX\`\^\WkX_]YaN`V^aS`_MNP dVNYj[\ZaRVYS^aX\Z]N[VV$ *
`\Z\OVYj ! !
 >`N^NW`S_j[S]S^SQ^aTN`jNP`\Z\
#;9:5?2;?;9D?;>C2<
 


OVYj]^V]a`SfS_`PVMc]\_X\YjXa
k`\ Z\TS` ]^VPS_`V X _S^jSU[iZ 82:52 > 1;=;0;6 4-/5>5?
]\P^STRS[VMZX\YS_VfV[ ?-732;?<=-/58H:;0;1-/82:5,/
E5:-B
 2_YVfV[N]^\`X[a`N[SZSRYS[[\
   

\_`N[\PV`S_jV]\RXNeNW`SSSe`\
Oi VUOSTN`j ]\P^STRS[VM _NZ\W
fV[iX\YS_[\Q\RV_XN]\RPS_XVV
^aYSP\Q\a]^NPYS[VM
206

! ! 7,./45)A,?2'4*/ 89,1255>/89/9,2/



),975)5*589,12'



 

>851-/82:52/E5:2:21; <\P\]^\_a\O_YaTVPN[VM`\^Z\U[\W_V
>?-?;D:;2E5:-<2=20=2/- _`SZiV^SUV[\Pic`\]YVP[icfYN[Q\P
.'+4,*589,12'
2?>,D?;9;32?<=5/2>?5722>2=H `gN`SYj[\Pi]\Y[MW`SaXNUN[VM0^NbV @,91/
24:G9<;/=2312:5,9 XN`Sc\O_YaTVPN[VMPk`\WQYNPS :S\Oc\RVZN]S^V\RVeS_XNM\eV_`XN^SUV

 


7\`PS^RS[VlV`^SgV[NZ[N]\PS^c [\PickYSZS[`\PgS`\X_V_]\YjU\PN[VSZ
_]SdVNYj[ic _^SR_`P ^SX\ZS[RaSZ
[\_`VfYN[Q\P_]\_YSRalgVZV]^\   RYM
`SeXNZVTVRX\_`VZ\Qa`]^VPS_`V\U\[ k`\WdSYV
! ! Pi_\XVS`SZ]S^N`a^iVRYV`SYj[\S\`




   





_a`_`PVSTVRX\_`VP_V_`SZS 2_YV^SUV[\PiSkYSZS[`igS`\X]\Q[a`i
!292:,6?27;82>->?;=; VYVVU[\fS[i[S\Oc\RVZ\VcUNZS[V`j /
:-95?2:2<2=2>?-/8,6?2 YlO\Z_YaeNS\eS^SR[NMUNZS[NgS`\X]^\
7;82>-><=-/;6>?;=;:G:-82/@J VUP\RV`_M^NUPQ\R
>?;=;:@5:-;.;=;?
 /i]\Y[S[VS[SX\`\^ic[S_Y\T[ic]^N



 

PVYZ\TS`_\X^N`V`jPS^\M`[\_`j]\
P^STRS[VMgS`\X
 7\QRN`SZ]S^N`a^N]NRNS`[VTS[aYM
! ! _`N^NW`S_j]^SRa]^SRV`j]^VZS^UN[VS
^SUV[\P\WeN_`VgS`XVX_`SXYa 2_YV[S





!57;01-:21;<@>7-6?2<;
7=->7@7;82>:GB15>7;/54 \Oc\RVZ\V_]\YjUaW`S_^SR_`P\N[`V
><8-/;/ <=5 7;?;=;6 ?=2.@2?>, \OYSRS[V`SYj
?29<2=-?@=->/GE2 (<;>7;8H  @RNYMW`S_[SQ_\X\[]\ZVZ\UNgV`i

 


7@/=24@8H?-?2?-7;6;<2=-C559; gS`\Xk`NZS^N`NXTS_kX\[\ZV`RYM





 
 
0@?.G?H:-=@E2:G92B-:5D2>752 /N_^S_a^_Z\`\^N_`SXY\\eV_`V`SYMV
>/;6>?/-15>7;/ ]^SR\`P^N`V`SQ\]S^SQ^SP
 :SR\]a_XNW`Se`\Oi_`SXY\\eV_`V`SYj
PS`^\P\Q\ _`SXYN ^NO\`NY ]\ _ac\Za
_`SXYa

 

! !
/532:52 > 54:;E2::G95

   
F2?7-95>?278;;D5>?5?2826
,/8,2?>,>2=H24:G95>?;D:57;9;<->
:;>?5<;>7;8H7@<=5<8;B;6<;0;12
;:5:2>9;0@?;.2><2D5?H/;15?28J:2
;.B;159;0;7-D2>?/-/5159;>?5

205





 

 





   






^V_   F0M0161m ^V_   F0M0162m ^V_   F0M0163m

.GRLSG\LXTPWXLPQTT[NWXNXLQF .GRLSG\LXPNT[NWXNXLQF ;578:41/


ILXVTITJTWXLPQG MGKSLJTWXLPQG 89,12553A)'9,2E
VNW VNW


 

8XLPQTT[NWXNXLQ^ILXVTITJT


1YM`\Q\e`\OiaRNYV`jgS`Xa 1SW_`PaW`S_YSRalgVZ\O^NU\Z WXLPQG7NW


 <\R[VZV`S^ieNQ_`SXY\\eV_`V`S  <\R[VZV`SX^ifXa V_[VZV`S^i 2_YV_`^aM_`SXY\\ZiPN`SYM[SR\_`N
YM eNQ\_YNOVPQNWXaX\`\^NMX^S]V` `\e[N]^\PS^j`SP]S^Pal\eS^SRj[N




SQ\X\_VfN^[V^N YVeVSTVRX\_`VPONeXSK_Z <^\PS^


 <\PS^[V`SgS`Xa [N JP\X^aQ XNa^\P[MTVRX\_`SWPk`\WQYNPS
\_V^N_]\Y\TS[[\WPX^NW[SWeN  @_`N[\PV`S[\PiW^ieNQ]^NPVYj[\
_`V^ieNQN_`SXY\\eV_`V`SYM ^N_]\Y\TVPSQ\V]\Y[\_`jlUN`M 4N`SZ]^\PS^j`S[SUN_\^VYV_jYV\`
[V`SQNWXa PS^_`VM b\^_a[\X _`SXY\\ZiPN`SYM


  





 >[VZV`SgS`Xa_\_V 

 

]^V [S\Oc\RVZ\_`V ]^\eV_`V`S Vc


 ;]a_`V`SX^ifXa VQ\YX\W
1YMa_`N[\PXVgS`XV
 /_`NPj`S\_j P\`PS^_`VS^N_]\ :N]^NPYS[VS_`^aV\ZiPN`SYM^SQaYV
Y\TS[[\SPdS[`^SgS`XV ^aS`_M]a`SZVUZS[S[VMaQYNb\^_a[\X
 


 /S^[V`S^ieNQPZS_`S_a_`N[\PYS[ 3VRX\_`j R\YT[N ^NUO^iUQVPN`j_M


[\WgS`X\W[N]\PS^c[\_`jPS`^\ ]^VZS^[\[N
Pi_\`i\`PS^c[SQ\
P\Q\_`SXYN X^NM_`SXYN
   


1:.5)  5_]\YjU\PN[VS]YN_`VXN_\_]SdVNYj



[iZVUNgV`[iZV_P\W_`PNZVRYMUN



 

.'@/9'59),@,89) gV`i[NVO\YSSeaP_`PV`SYj[iceN_
85+,7-'@/<8E `SWXaU\PN`NXVcXNX]\^\QVP[a`
)'9358;,7, ^S[[MMeN_`jX^iYjSPV` ]
0YNP[iZV]^VeV[NZVX\^^\UVVMPYMl`_M

 


 5_]\YjU\PN[VS_]SdVNYj[ic\`X^i
_YSRalgVS]^VeV[i `ic_SXdVWPX\[_`^aXdVVXaU\PNP
 4NQ^MU[S[VSP\URacN dSYMc]^SR\`P^NgS[VM\O^NU\PN[VM
X\[RS[_N`NVNXXaZaYMdVVPYNQV]^V
 >\YS[iWVPYNT[iWP\URacPZ\^ P\RMgSWX\O^NU\PN[Vl^TNPeV[i




   





^V_   F0M0164m
_X\ZYVO\Q\^MeSZVPYNT[\ZXYVZN`S
*'7'49/E4'1:.5)
8XLPQTT[NWXNXLQ^MGKSLJT  >SU\[[iSXYVZN`VeS_XVSVUZS[S[VM /'49/157
WXLPQG7NW 7^\ZS`\Q\[SYjUM[SR\\dS[VPN`jNO^N :N/Nf$ *+&*'^N_]^\_`^N[MS`_MQN^N[
UVP[\SRSW_`PVS]S^S[\_VZ\WPS`^\Z]i



 
:N]^NPYS[VS_`^aV\ZiPN`SYMUNR[SQ\ `VM XN_NlgNM_M ]^\P^STRS[VW YlOic


_`SXYN[SZS[MS`_M  YV]S_XNN`NXTSQ^MUVVQ^NPVMX\`\^iW \^VQV[NYj[ickYSZS[`\PXaU\PNNP`\Z\OV
\`_XNXVPNS`\`R^aQVcNP`\Z\OVYSW YMP^SUaYj`N`SX\^^\UVV
1S^TN`SYjb\^_a[XV^N_]\YNQNS`_M[N
UNR[SZ_`SXYS 7\Z]N[VM$ *]^VZS[VYNYaefVS`Sc[\ 1YM\U[NX\ZYS[VM_\OgVZVa_Y\PVMZVRN[
Y\QVVkbbSX`VP[\WUNgV`iXaU\PN\`X\^ [\WQN^N[`VV_Z 0N^N[`VW[alX[VTXa$ *





^\UVVe`\OiUNgV`V`j/NfNP`\Z\OVYj
85),9A
;[VPXYleNl`P_SOM 1'185<7'4/9B1:.5)
 >]SdVNYj[iS]\X^N_\e[iSZN`S^VN 2GPTPVGWT[STLUTPV]XNL

 






 
 
YiVZS`\Ri]\X^N_XVXaU\PNX\`\
^iS]^VRNl`NP`\Z\OVYl\_\Oal_\ 7^N_XN[NXaU\PS_YaTV`[S`\YjX\k_`S
]^\`VPYMSZ\_`jX\^^\UVVVNO^NUVPa `VeS_XVZdSYMZ[\VUNgVgNS`[Nc\RM
gVW_M]\R[SW`\[XVWZS`NYY
 <^VZS[S[VSQNYjPN[VUV^\PN[[\WYV
O\_]SdVNYj[iZ\O^NU\Z\O^NO\`N[ /_YaeNS]\MPYS[VMQYaO\XVcdN^N]V[VYV

 

[\W_`NYV_\_P\W_`PNZVPi_\X\W_\ ]\^SU\P^SX\ZS[RaSZXNXZ\T[\_X\^SS
]^\`VPYMSZ\_`VX\^^\UVV Pi]\Y[V`j[S\Oc\RVZ\SP\__`N[\PYS[VS
YNX\X^N_\e[\Q\]\X^i`VMPdSYMc]^SR\`
 ;O^NO\`XaR[VgNZ\`\^[\Q\\`_SXN P^NgS[VM\O^NU\PN[VM^TNPeV[i 1YMP\_

   
X\YS_[icN^\XVR^aQVceaP_`PV`SYj _`N[\PYS[VM]\X^i`VMV_]\YjUaW`S`\YjX\
[icXX\^^\UVVeN_`SWXaU\PNPi_\X\ \^VQV[NYj[iSX^N_XV_Z ?NOYVeXN_VRS[
kbbSX`VP[iZV N[`VX\^^\UVW[iZV `VbVXNdV\[[iZVRN[[iZV]\]\X^N_XSXa
]^\RaX`NZV[N\_[\PSP\_XN U\PNPQYNPS?Sc[VeS_XVSa_Y\PVM

:\^ZNYj[\S\O_YaTVPN[VSYNX\X^N_\e :SZ\W`SNP`\Z\OVYj]\_YS]^\R\YTV 8XLPQG




 [\Q\]\X^i`VM_\_`\V`P^SQaYM^[\W `SYj[\Q\[Nc\TRS[VM[N_\Y[dSVYV
 

]\ZiPXSXaU\PN_V[`S^PNYNZVeN_`\`N X\QRNX^ifXNXN]\`NQ\^MeNM]\`\Za 5_]\YjUaW`S_]SdVNYj[iS_^SR_`PNRYM


X\`\^icUNPV_V`\`_\_`\M[VMNP`\Z\ e`\k`\Z\TS`_XNUN`j_M[NOYS_XSYN Zi`jM_`SX\Y
OVYMVa_Y\PVWSQ\kX_]YaN`NdVV :N X\X^N_\e[\Q\]\X^i`VM 5_]\YjUaW`S`NXTSeV_`alPS`\fje`\
]^VZS^ P a_Y\PVMc ]\PifS[[\Q\ UN OiVUOSQN`jdN^N]V[[N]\PS^c[\_`V
 



Q^MU[S[VM\X^aTNlgSW_^SRiVYV[N /[Sf[VS]YN_`VX\PiSeN_`VNP`\Z\OV
YMR\YT[iOi`jPiZi`i`NXVZTS\O _`SXYNVYVacaRfS[VMVc]^\U^Ne[\_`V
R\^\QNcX\`\^iS]\_i]Nl`_\Yjl^S
X\ZS[RaS`_MZi`jZNfV[aO\YSSeN_`\ ^NU\ZXNXV\_`NYj[iSeN_`V @7-4-:52 :S\Oc\RVZ\ `gN`SYj[\
?NZQRSk`\P\UZ\T[\_`N^NW`S_j[S ]^\`S^S`jVU[a`^V]\PS^c[\_`jUNR[S



   


1YM`\Q\e`\Oi]^NPVYj[\]\Zi`jZN Q\_`SXYNPS`\fjlP[N]^NPYS[VV[V`SW





fV[a ]N^X\PN`jNP`\Z\OVYj]\RRS^SPjMZV
]\_X\YjXa_Z\YV_`iSPSgS_`PNX\`\^iS [NXNYVPN[VM`NXe`\OiVc[S]\P^SRV`j
 >[VZV`SN[`S[[a_X^ifVe`\Oi[S PiRSYMl`Z[\QVSPVRiRS^SPjSP]^VP\ 3TXTVS]OTXWLP
]\P^SRV`jSSP_YaeNSS_YVNP`\Z\ RM`X`\Zae`\X^N_XNcaTSOYS_`V`N
OVYj]^\WRS`NP`\ZN`VeS_XalZ\WXa X^\ZS`\Q\k`VPSgS_`PNZ\Qa`_]\_\O /X\[dSUVZi[S\Oc\RVZ\`gN`SYj[\


 

PiZi`jZ\`\^[iW\`_SX_`N^NM_j[S


_`P\PN`j\O^NU\PN[Vl^TNPeV[i
 <^VZi`jSXaU\PNNP`\Z\OVYMV_ [N]^NPYM`j]^Vk`\Z_`^alP\Ri[NkYS
]\YjUaW`S_`^alP\Ri[VUX\Q\RNP @7-4-:52<\ZS`]`Vd[S\Oc\RVZ\ X`^\[[iSOY\XVa]^NPYS[VM ;O^NgNW
YS[VM _ZiPN`j[SZSRYS[[\V`gN`SYj[\]\ `S_jUNPi]\Y[S[VSZk`\W\]S^NdVV[N
_X\YjXaXV_Y\`NX\`\^NMP[SZ_\RS^ _]SdVNYVUV^\PN[[iS_`N[dVV\O_YaTV


 5_]\YjUaW`S]^Vk`\ZQaOXa_Z\



TV`_MMPYMS`_MNQ^S__VP[\W PN[VM
eS[[alP_YNO\ZZiYj[\Z^N_`P\^S
N]\`\Z_ZiPNW`SZiY\`\WTSQaO @7-4-:52<^VZ\WXSRPVQN`SYjNP`\
X\W Z\OVYMR\YTS[Oi`jc\Y\R[iZNXYle


  



UNTVQN[VMR\YTS[[Nc\RV`j_MP]\Y\



 

 ?gN`SYj[\_]\Y\_[V`SXaU\PP\R\W ;JF52>=21>?/-<=5/;1,?
VPi_afV`S_`^aSWP\URacNVYVUN TS[VV <\_YS\X\[eN[VMZ\W
74-0=,4:2:5J/;1G#;I?; XVNP`\Z\OVYMaOSRV`S_jP`\Ze`\^NU
ZfSW 9@9;?;=:G6;?>27:2;.B; [\\O^NU[iSUNgV`[iSkYSZS[`i^SUV
<^V_afXS_`N^NW`S_jaRNYV`jP\RaVU 159;9G?H?;8H7;/><2C5 [\PiSX^ifXVeScYiV` ] [SOiYV]\
[NVZS[SSUNZS`[iceN_`SW`NXVcXNX -8H:; ;.;=@1;/-::GB 18, >.;=- 5 P^STRS[iVYV_[M`i
 


]S^VZS`^RPS^VXN]\`VP\X^aQbN^ ;D5>?75<=;9G/;D:;6/;1G92>?-B
QRSZ\TS`\_`N`j_MP\RN <\_YS]\ZiP ;GV]
XV[SYjUM_^NUa_`NPV`jNP`\Z\OVYjPUN @7-4-:52 :VX\QRN [S V_]\YjUaW`S
X^i`\S]\ZSgS[VS[S\Oc\RVZ\RN`j RYMZi`jMYV[UbN^PSgS_`PN\OYNRNl
   

SZa_[NeNYNPi_\c[a`j[NP\URacS gVS_]SdVbVeS_XVZUN]Nc\Z`NXVSXNX
OS[UV[VYVNdS`\[

210

8'254 >/891'8/+,4/0 62'89/15)A,



>'89/8'254'



>'89,0/.91'4/

 

:S\Oc\RVZ\]S^V\RVeS_XV]^\PS^M`j /('7<'9'
[NYVeVSP\RiP[a`^V_NY\[N]\RX\P^V 1YM]\P_SR[SP[\WeV_`XV]YN_`VX\PiceN_
XNZVP\RNZ\TS`]\]N_`j`aRN_`SXNM 5_]\YjUaW`SZMQXalXV_`jVYV]iYS_\_ `SW_NY\[NV_]\YjUaW`SZMQXalPS`\fj_Z\
_O\`V[\XVYVU\[`VX\P]N__NTV^\P RYM`\Q\e`\OiaRNYV`j]iYj .N^cN` eS[[alPP\RSV[NZiYS[[al[SW`^NYj[iZ
ZiY\Z @RNYMW`S_NYj[iSUNQ^MU[S[VMV\_\

 


]\_X\YjXa_X\]YS[VSPYNQVPk`\Z^NW \eVgNS`_MYaefSS_YVXV_`j]^Vk`\Z
O\a_`\WeVPalQ^MUj]^V]\Z\gV_\\`PS`
\[S Z\TS` ]^VPS_`V X \O^NU\PN[Vl _Z\eS[NPP\RS _`PalgVc_^SR_`P[S_\RS^TNgVc^N_`P\
^TNPeV[i <^\`^V`S_VRS[VMQaOX\W_Z\eS[[\W ^V`SYSWX\`\^iS_]SdVNYj[\^NU^NO\`N[i
P^N_`P\^SP\RiV[SW`^NYj[\Q\Z\l RYM_\c^N[S[VMP[Sf[SQ\PVRNVdPS`N]YN




   





gSQ\_^SR_`PN _`VX\PiceN_`SW
! ! @7-4-:52:VX\QRN[SV_]\YjUaW`S_]V^`
!57;01- :2 5><;8H4@6?2 VYV]^\RaX`i[Sb`VRYM]^\`V^XV]^VO\^
18,9G?H,>-8;:--/?;9; [\W]N[SYV
.58,?-752<;3-=;;<->:G2/2F2 ".5/7--E20;-/?;9;.58,



 
7:2B7:>1'7A>'*'


>?/-7-7IA5=585/G>;7;;D5F2: .G8- =-4=-.;?-:- > ?29 6,7,12D>,4/E8157589,0
:G6 .2:45: '827?=;>?-?5D2>752 D?;.G/G12=35/-?H:-0=@4 86517A9/,3
=-4=,1G/;4:57-JF52/;/=29, 75<=5;.GD:;95><;8H4; /.4'9:7'2B45015-/
?=2:5,<=59G?H29;0@?<=5/2>?5 /-:55-/?;9;.58,"1:-7;=27;92:
7<;3-=@ 1N[[iS X\Z]\[S[`i R\YT[i \eVgN`j_M


1@2?>,54.20-?H>58H:;0;5585<=;




`\YjX\P\R\WV[SW`^NYj[iZZiY\Z :VX\Q
1;835?28H:;0;C-=-<-:5,22A@=:5 RN[SV_]\YjUaW`SRYMk`\WdSYV_^SR_`PN[N
?@=;6;1231G:-<=592=92?-885D2 \_[\PSOS[UV[NVYVNYX\Q\YM
>7595 <=,37-95 4-<;:7-95 4-
! ! >?237-9585<@D7-95)287=;*5<; <S^SR`SZXNXV_]\YjU\PN`j_]SdVNYj[iS

 






 
 
1;.:G95-7>2>>@-=-95?-77-7;:5 Z\lgVS_^SR_`PNRYM_NY\[NNP`\Z\OVYM
!2B=-:5?2/-/?;9;.582 `gN`SYj[\]^\e`V`SV[_`^aXdVlX]^VZS[S
.-88;:D575-I=;4;8, ;:5 /G4G/-J?:-<=,32:52:-?7-:5<;
7=G?5,7;?;=;29;32?<=5/2>?57 [VlV_\_`NPe`\OiaOSRV`j_Me`\P_\_`N
9;0@?/4;=/-?H>,I=;4;85:28H4, PSk`Vc_^SR_`P\`_a`_`Pal`]^\RaX`iOS[
12=3-?H<=5?29<2=-?@=2/;41@B- =-4=G/@:5?2657-7>821>?/52I?;
UV[NV
VYVPSgS_`PN[N\_[\PSNYX\Q\YM
>/GE2 (&29<2=-?@=-/:@?=5 0;7<;/=2312:5J<;7=G?5,

 

-/?;9;.58,;>?-/82::;0;:->;8: 2_YV]^VZi`jSPS`^\P\Q\_`SXYN_]SdVNYj
C29;32?<;1:,?H>,4:-D5?28H:; [iZV Z\lgVZV _^SR_`PNZV XN]YV k`\Q\
/GE21-::;6/285D5:G _^SR_`PN]NRNl`[NX\TN[\S]\X^i`VS^a
YMVYV^aeXV^ieNQN]S^SXYleS[VM_X\^\
_`SW_Z\W`SVc[SZSRYS[[\]^V]\Z\gVP\

   
RiV[SW`^NYj[\Q\ZiYN
@7-4-:52.aRj`SX^NW[S\_`\^\T[iZV
]^VPXYleS[VVUNZXN^aYSP\Q\a]^NPYS[VM
e`\Oi[S\dN^N]N`jX\TN[\S]\X^i`VS


    





 


OKLTYO[OQG]OUTTaLKGTTaL              
QUKaKIOJGYLRce
 




QUSVRLQYG]OOQZNUIG                      

KIOJGYLRb                                    

VUKG^GYUVROIG NGMOJGTOL               



   







YWGTXSOXXOc                                

YUWSUNG                                     

VUKILXQG                                    


 


WZRLIULZVWGIRLTOL                          



QURLXG                                       

WGNSLWa                                      




WGHU^OL\GWGQYLWOXYOQO                     

SGXXG                                        
UH`LSaMOKQUXYLP                          


  





 

MOKQUXYOOXSGNU^TaLSGYLWOGRa        



VUYWLHRLTOLYUVROIG                       

IaHWUX(                                  
 
    

212

YO[OQG]OUTTaLKGTTaL  Siszquit…v|‡vily|ps|vipimv‡‡



wz…



 

Wnswunvm|n{zhpixqzi{…qmnv{q}qsiq

wvv„nswm„ Tivnznvv„nvi{ijtq€si~  Yqxmkqli{nth


qmnv{q}qsiqwvv„nmivv„nqq~yiz

xwtwonvqnxynmz{iktnv„vqon Qwmswuxtns{iqqs|pwki

 


 Nikwmzsih{ijtq€siuwmntq ! Qwmpixizvwr€iz{q

 Siysqywksiizzq " Ovmnsz xywpyi€vwz{q m„ui mth


mqpnt…v„~mkqli{ntnr
 Nikwmzsih{ijtq€siqmnv{q}qsiqq




   





s|pwki yqz  F0M0166m

 Siysqywksimkqli{nth B;=I?LE;XM;<FCRE;
GI?@FCKgp



 
Kivv|‡{ijtq€s|uwovwvir{qvitn


kwrz{wywvnmvijiliovqsi Uvizwmny

oq{ztnm|‡‚|‡qv}wyuiq‡
 Tiqunvwkivqnxywqpkwmq{nth





 Twunyzny{q}qsi{i
 Qwm{qxiik{wuwjqth
 Twunyizzq

 






 
 
 Siszquit…v„rknzxwtvwz{…‡vily|

onvvwlwik{wuwjqth
 Siszquit…v„rknzxwtvwz{…‡vily|

onvvwlwik{wuwjqthzxyqnxwu

 

 Siszquit…v|‡vily|ps|vixnynm

v‡‡wz…

   

G;KECKI=E;?=C>;M@FX





 

Siysqywksimkqli{nthk„jq{ivijtwsn
qtqvmyiqkst‡€in{vwunyuwmntqq
izzq
 





   






yqz  F0M0167m yqz  F0M0168m

M;<FCRE; G;KECKI=E;S;LLCogp
LC?@HMCOCE;QCIHHVGC
?;HHVGC U{xn€i{ivivixwt|kxizzioqyzswuw{



 

mntnvqqkyirwvnxnynmvnlwzqmnvqh


JIJIEK;LE@ENBI=;ogp
zxyikwrz{wywv„
Kivvih{ijtq€siyizxwtilin{zhztnkwr
z{wywv„vikvnvnrxwkny~vwz{qz{wr
 Swmnt…ik{wuwjqth2 
sqmknyqjiliovqsi Uvizwmnyoq{ztn
 Twunyizzq




m|‡‚|‡qv}wyuiq‡
 Tiqunvwkivqnxywqpkwmq{nthsyizsq
 Tiqunvwkivqnkn{i


  





 

 Qwmikn{i xyqvh{„rswuxivqnr93B
 Qwmkwzz{ivwktnvqhtiswsyizw€vw

lwxwsy„{qh
 
    

214

EI?V?=C>;M@FX[EIGJF@EM;QCCENBI=;






 

Emknjdiq_tgg Emc Emknjdiq_tg^irfma_

 
cagb_qdj^ cadol_^ cadol_^



kdpql_^ kdpql_^

  1  1 1 




   





   1  1  1 



 
 * 1  1  1 




 !9381208$  1  1  1 





1 1 1


 !9381208
$ 
1  1  1 

 




1 



 
 
1  1 

1  1  1 


!9381208  1 ! 1   1 

 

!9381208'6578  1  1 e

 Qwuxtns{iqhz
z{|xnv€i{wrswywjswrxnynmi€

   
 Qwuxtns{iqhz
z{|xnv€i{wrswywjswrxnynmi€
 Qwuxtns{iqhz}qt…{ywuxwltw‚nvqh€iz{q)

4 
?=C>;M@FW





 

I<T@@    *  !9381208  !9381208 !9381208 !9381208


$ 
$ '6578
 



Qwmmkqli{nth        


Yqxmkqli{nth Hnvpqvwk„r Hnvpqvwk„r Hnvpqvwk„r Kqpnt…v„r Kqpnt…v„r Kqpnt…v„r Kqpnt…v„r



   


Qwtq€nz{kwqyizxwtwonvqn kyhm kyhm kyhm kyhm kyhm kyhm kyhm







qtqvmywk
Kqiun{yxwyvhq~wm uu  E  E E  E  E E  E 
Uj‚qrwjƒnumkqli{nth zu 
      


 


X{nxnv…zoi{qh            
Sisz uw‚vwz{…       
   


  



sI{t z xyqwj uqv       


Sisz sy|{h‚qruwunv{        
             


  





 

Tusluxyqwj uqv       


Xkn€qpioqlivqh ' $ ' $ ' $ e e e e
2$+
 2$+
 2$+

Ywxtqkw Hnvpqvjnp Hnvpqvjnp Hnvpqvjnp Kqpnt…vwn Kqpnt…vwn Kqpnt…vwn Kqpnt…vwn
 


zwmnyoivqh zwmnyoivqh zwmnyoivqh {wxtqkwmth {wxtqkwmth {wxtqkwmth {wxtqkwmth


zkqviz zkqviz zkqviz ik{wuwjqtnr ik{wuwjqtnr ik{wuwjqtnr ik{wuwjqtnr
ws{ivwk„u ws{ivwk„u ws{ivwk„u X{ivmiy{ X{ivmiy{ X{ivmiy{ X{ivmiy{
€qztwu €qztwu €qztwu '  '  '  ' 
   

+(' +(' +('


X{ivmiy{ X{ivmiy{ X{ivmiy{
' ' '

216

(&"'!''#"






 

    *  !9381208 !9381208

 


Vwmi€i{wxtqki Svwlw{w€n€v„r†tns{ywvv„rkxy„zs &C;B9:6Bexyhuwrkxy„zs><<>=+39;




   






 


 $#  # !  %"  !



 
    $#     






MK;HLGCLLCX
   !9381208$  !9381208
$  * !9381208

 






 
 
Qwywjsixnynmi€ Vh{…xnynmvq~xnynmi€qwmvipimvhh Vh{…qtqnz{… _nz{…xnynmvq~
zzqv~ywvqpi{wywumthkst‡€nvqhxnynmvq~xnynmi€ xnynmvq~xnynmi€ xnynmi€qwmvipimvhh
qwmvipimvhhxnynmi€i zzqv~ywvqpi{wywu
zzqv~ywvqpi{wywu mthkst‡€nvqh
mthkst‡€nvqh xnynmvq~xnynmi€
xnynmvq~xnynmi€

 

Xnxtnvqn Xiuwynl|tqy|‡‚ihxnmit…jnpzkwjwmvwlw~wmi
Vyqkwm Vnynmvqr

   

MIKGIB;





 

   *  !9381208 !9381208


Uzvwkv„n{wyuwpi
 



exnynmvqn Kqzswk„nknv{qtqy|‡‚qnzhmthvnsw{wy„~swuxtns{iqr
epimvqn Hiyijivv„nqtqmqzswk„nkvnsw{wy„~swuxtns{iqh~



   


X{whvw€v„r{wyuwp Zxyikthn{zhky|€v|‡ min{|zqtqnvipimvqn{wyuwpi







ZQGNGTOLIwmi tnmqzwt…mthxwz„xivqhmwywluwl|{wjyipwk„ki{…vi{wyuwpv„~mqzsi~swys| zvqoi‡‚|‡†}}ns

{qkvwz{…{wyuwonvqhknlwvi€it…v„rxnyqwm


 


JI?=@LE;
    *   !9381208 !9381208




Vnynmvhh Tnpikqzquih {qxi&4)86@A>=zwz{ijqtqpi{wywuxwxnyn€vwr|z{wr€qkwz{q


Vwt|pikqzquih xywmwt…v„nkpiquwzkhpivv„ny„€ilq kqv{wk„nxy|oqv„
Nimvhh {ntnzswxq€nzsqniuwy{qpi{wy„


  





 

KNF@=I@NJK;=F@HC@
 


   *  !9381208  !9381208 !9381208


$ 
$
Yqx W|tnkihynrsiz†tns{yq€nzswrzqz{nuwr|zqtnvqhy|tnkwlw|xyiktnvqh
   

Sqv xnyqun{y            
wxqz„kinuwrwsy|ovwz{q
xyqmkqonvqqxwsy|l| u
218

EIF@L; B;J;LHI@EIF@LI






 

?CLECCSCHV _{iuxwkivv„rz{it…vwrmqzs Hnzsi

unyvihqvi
Kqzsqqp{iuxwkivvwrz{itqqtqtnl

swzxtikv„n Hnzsiunyv„nqv„zyimq
>@IG@MKCXEIF@L;
it…v„usiysizwu Xny{q}qqywkivv„n

 


X~womnvqnxnynmvq~
qv„xynmz{iktnv„kXnykqzvwrsvqo
swtnz duu
sn
X~womnvqnpimvq~
ZQGNGTOLIzt|€in nztqI„wjviy|
swtnz  duu




   





oq{n vnzww{kn{z{kqn k qv}wyuiqq yqz  F0M0169m

xynmz{iktnvvwrxwmivvwu|xwkwm|k Nvi€nvqhw{vwzh{zhsik{wuwjqt‡kqz

W|swkwmz{knxwt…pwki{nthqXnykqz
xyikvwuzwz{whvqq RM@HC@G;KECKI=EC
vwrsvqosn y|swkwmz{k|r{nz…{wt…sw SCHKgp
qv}wyuiqnr xynmz{iktnvvwrkXny



 
kqzvwrsvqosn Jogkdo  & (


I nth~ wjnzxn€nvqh jnpwxizvwz{q   vwuqvit…vih‚qyqvi, yizz{w

mkqonvqh ik{wuwjqt… mwtonv j„{… hvqnunom|jwy{iuqqv„kuu


|swuxtns{wkivqviuqynswunvmwkiv

  Xww{vwnvqnk„zw{i qyqvik


vwlwyipunyi i{isonwmqviswkwlw{q




xiqw{wmvwlwxywqpkwmq{nthmthkzn~ xywnv{i~! ,
swtnz +  yimqit…vihqvi
ZQGNGTOLTnx„{ir{nz…|z{iviktq
  Kqiun{ymqzsikm‡rui~O

 






 
 
ki{…siuny„kjnzsiunyv„nqv„
  Twuqvit…vihvily|psi
-  Twuqvit…vihzswywz{…

 

   
217

G_ipgk_jyl_^o_pudql_^pimompqy Hmkgl_jyl_^l_borfi_ RM@HC@G;KECKI=EC





 

*mw su €iz 


sl  sl ?CLEI=ogp

+mw su €iz  sl  sl Jogkdo: (

,mw su €iz  sl  sl   qyqvimqzsikm‡rui~


 



-mw su €iz  sl   sl #  swv{|ylt|jqv„wjwmijwswkih


xywnsqh visw{wywrxwswq{

.mw su €iz  sl  sl zhjwy{qv„


!mw su €iz  sl   sl   vwuqvit…v„rmqiun{ymqzsik



   






m‡rui~zww{kn{z{k|n{mqiun

/mw su €iz   sl  sl {y||z{iviktqkinuwrqv„ O


G_ipgk_jyl_^o_pudql_^  sl   sl - I„tn{ mqzsi yipuny unom|
pimompqycj^fgklgsvgl xyqkitw€vwrxtwzswz{…‡mqzsi
 sl   sl


 


%!' mw su €iz xyq |z{ivwksn vi z{|xq|


 sl 
 sl ik{wuwjqth q kwwjyioinuwr
(!' mw su €iz xtwzswz{…‡  xyw~wmh‚nr xw

 sl  sl
!' mw su €iz znynmqvnwjwmi






  





 

 
    

220

Emknjdiq_tg^ ?gpig Sglx YB_n_pi_Z






Lq_lc_oql_^vgl_ Bgkl^^vgl_ ?gpi Sgl_

 

 +-  +-&,  +-


 #1
-  +-  +-&, #1
-  +-

 


 +-  +-&,  +-
 #1
- #1
-
 +-  +-&,  +-

#1
-  +-




   





 +-&,
 * #1
-  +! #1
-  +-
 +!&,
 #1
-   +/

 +-  +-&,  +-


 !9381208$ #1
- #1
-



 

 +-  +-&,  +-

#1
-  +-
 !9381208
$ #1
-  +!  +-&, #1
-  +-
 +!&,





 #1
-   +/

#1
-  +!
 +!&,
!9381208 #1
-  +! #1
-  +!

 


 +!&,





 
 
 #1
-   +/

K_ppqm^lgdkdecrvngjyi_kg

kkvngjyig! : gpnmjyfma_qyqmjyimvq_qlxdimjdp_

 

   

?;=F@HC@=PIFI?HVPSCH;P`_o





 

Emknjdiq_tg^    *  !9381208  !9381208  !9381208


 



$ 
$
Jdodclgd B_clgd Jdodclgd B_clgd Jdodclgd B_clgd Jdodclgd B_clgd Jdodclgd B_clgd Jdodclgd B_clgd

 +-         e e     e e e e



   






Xynmvhhvily|psi         e e     e e e e
Vwtvihvily|psi
 +-                  e e


 


Xynmvhhvily|psi                     e e
Vwtvihvily|psi
 +! e e e e e e e e e e    


Xynmvhhvily|psi



e e e e e e e e e e    
Vwtvihvily|psi
 +! e e e e    e e        


  





 

Xynmvhhvily|psi e e e e     e e        
Vwtvihvily|psi
  +/ e e e e     e e        
Xynmvhhvily|psi e e e e     e e        
 


Vwtvihvily|psi

Kwjik…{n jiysynswunvmwkivvwu|pvi€nvq‡miktnvqh swlmiqv„{nxt„n Nivwkwxywkny…{nmiktnvqnvi~wtwmv„~qvi~ 


Kthpquvq~qvmwjik…{n jiysynswunvmwkivvwu|pvi€nvq‡miktnvqhmthz{ivmiy{v„~qv 
   

Jogdfcdl_pimompqg`mjdd 
ik u_pl_i_uga_hqdvglxapmmqadqpqaggpk_ipgk_jylxkgodimkdlcrdkxkgfl_udlg^kg
=pjru_ddpjgaimknjdiq_tgzasmcgqpgpqdk_($!'c_ajdlgdcmjelmpmpq_aj^qy
 `_opadosodimkdlcrdkmhadjguglx
Xqz{nui- ) & , vn|z{iviktqkin{zhzqviuq +-

222

K;BG@KV






 

Wipuny„k„yioi‡{zhkuuqw{vwzh{zh
sik{wuwjqt‡z|z{ivwktnvv„uqz{iv

miy{v„uqqviuq
I„zw{iw{vwzq{zhsvnvily|onvvwu|

 


ik{wuwjqt‡
I`wdk`_b_elgi_
Ujƒnuvnvily|onvvwlw




   





jiliovqsi
z{ivmiy{„/              mu
Ujƒnujiliovqsi
yqz  zwztwonvv„upimvqu



 
zqmnvqnu                  mu






F0M0170m

 






 
 
Emknjdiq_tgg        
cadodh

    *

 

 !9381208         
!9381208

ZQGNGTOLWipuny„swtnquwl|{qpunvh{…zhkpikqzquwz{qw{kntq€qv„mqzswk qv

   

K;<IRC@P;K;EM@KCLMCEC





 

Sisz mwx|z{quihzswywz{…xwztnxnykwvi€it…vwlwqzxwt…pwkivqhik{wuwjqthksu €iz 

EIGJF@EM;QCCL<@HBCHI=VG?=C>;M@F@G
 



   *

  





   






¨¬ª­©£¨°ž´¦¦¯¢¦¥£©º«¹ª¢ ¦¡ž°£©£ªr.6-5*+&5s
EIGJF@EM;QCCLGHI>IMIR@RHVG=JKVLEIG\!) ((]


 


 !9381208$  !9381208
$ !9381208 !9381208'6578

   






  





 

 
    

224

G;LL;






 

<dlfglmaxdimknjdiq_tgg     *


=dpib ?adog ?adog ?adodh ?adog ?adog ?adodh ?adog ?adog ?adodh

 


pdcdlg^ pdcdlgh pdcdlgh pdcdlg^ pdcdlgh pdcdlgh pdcdlg^ pdcdlgh pdcdlgh

Inzkzviyhonvvwuzwz{whvqq
kst‡€ih{wxtqkw swuxis{vwyizxwtw




   

onvvwnpixizvwnswtnzw qvz{y|unv{





qxyqvimtnovwz{q                  
Vwtnpvihvily|psikunz{n
zkwmq{ntnu         



 

Sisz mwx|z{quihvily|psi
evixnynmv‡‡wz…         
evipimv‡‡wz…         
ewj‚ih          





H|szqy|nuihvily|psi
exyqnxz{wyuwpiuq         
exyqnxjnp{wyuwpwk         

 






 
 
Sisz vily|psivisy„|         
Sisz vily|psi
vij|szqywkw€vwn|z{ywrz{kw
xyqnxz{wyuwpiuq         

 

 Izt|€in|z{ivwksqzxnqit…vwlwwjwy|mwkivqht‡siksy„n j|szqywkw€vwlw|z{ywrz{kiknzvnvily|onvvwlwik

{wuwjqth|kntq€qkin{zh |unv…ih{nuziu„u|sipivv|‡kntq€qv|xwtnpvwrvily|psq

   
 Tnmwtovixynk„i{…uiszquit…vwmwx|z{qu|‡ U{kn{z{knvvwz{…piyizxwtwonvqnly|pwkkjiliovqsnq qtqvisy„

nik{wuwjqthknth~zwjt‡mnvqhmivv„~kntq€qvtnoq{vikwmq{ntn


¢ÆÅÃÉÚËÙÃ
Emknjdiq_tgg!9381208  !9381208$  !9381208
$ !9381208




 ÈÌÊÍÉÃÈоÔÆÆr.VMUJKFUs
 

=dpib ?adog ?adog ?adog ?adog ?adog ?adog ?adog ?adog ?adog
pdcdlg^ pdcdlg^ pdcdlg^ pdcdlg^ pdcdlg^ pdcdlg^ pdcdlg^ pdcdlg^ pdcdlg^

Inzkzviyhonvvwuzwz{whvqq
 



kst‡€ih{wxtqkw swuxis{vwyizxwtw

onvvwnpixizvwnswtnzw qvz{y|unv{
qxyqvimtnovwz{q              



   


Vwtnpvihvily|psi





kunz{nzkwmq{ntnu         
Sisz mwx|z{quihvily|psi
evixnynmv‡‡wz…         


 

evipimv‡‡wz…


        
ewj‚ih          
H|szqy|nuihvily|psi
exyqnxz{wyuwpiuq         




exyqnxjnp{wyuwpwk         
Sisz vily|psivisy„|         


  





 

Sisz vily|psivij|szqywkw€vwn
|z{ywrz{kwxyqnxjnp{wyuwpwk         

 Izt|€in|z{ivwksqzxnqit…vwlwwjwy|mwkivqht‡siksy„n j|szqywkw€vwlw|z{ywrz{kiknzvnvily|onvvwlwik

{wuwjqth|kntq€qkin{zh |unv…ih{nuziu„u|sipivv|‡kntq€qv|xwtnpvwrvily|psq
 


 Tnmwtovixynk„i{…uiszquit…vwmwx|z{qu|‡ U{kn{z{knvvwz{…piyizxwtwonvqnly|pwkkjiliovqsnq qtqvisy„

nik{wuwjqthknth~zwjt‡mnvqhmivv„~kntq€qvtnoq{vikwmq{ntn
   

226

I<U@GVAC?EILM@D






 

   *      Jodcngp_llxd
!9381208 !9381208 !9381208 egcimpqgg>LG
$ 
$

 


Ywxtqkv„rjis t    e e e Hnvpqvjnpzwmnyoivqhzkqvi
kst‡€ihynpnyk t f
 f
 f
 e e e zws{ivwk„u€qztwuvnunvnn
X{ivmiy{'




   





Ywxtqkv„rjis t e e e    Kqpnt…vwn{wxtqkwmth
kst‡€ihynpnyk t e e e 
f 
f 
f ik{wuwjqtnrX{ivmiy{' 
Xqz{nuiw~tiomnvqhmkqli{nth  zunz…kwm„q
t             $& ))$



 

Qiy{nymkqli{nth t       e e e ' "
Qiy{nymkqli{nthq}qt…{y t       e e e

Qiy{nymkqli{nth t e e e     ' "+&


e e e      




Qiy{nymkqli{nthq}qt…{y t
Qwywjsixnynmi€             ()( &("-,
swym|zmq}}nynvqiti t   ()( &!(&-,

 






 
 
Xqz{nuilqmyiktqsq{wyuwpwk       ()( (#$
In{ywkwnz{nstw pimvnnz{nstw Xunz…kwm„q
Uu„ki{nt…}iy t             ()( $&#''#"
Luswz{…ji€si t             ' 

 

 Kivvwnpvi€nvqnxwm~wmq{{isonmthswuxtns{iqq &C;B9:6B !)zxh{qz{|xnv€i{wrswywjswrxnynmi€ 
 Qwuxtns{iqhznz{qz{|xnv€i{wrswywjswrxnynmi€

   

AC?EILMCCLG;BIRHV@G;M@KC;FV





 

K@EIG@H?I=;HHV@G;LF;CCPP;K;EM@KCLMCEC
 



Jogkdldlgd P_o_iqdogpqgigegcimpqdhgpk_fmulxsk_qdog_jma Iogbgl_jylxd Cfkdldlg^


cj^m`dpndudlg^no_agjylmho_`mqxcagb_qdj^ egcimpqgg
pk_fmulxdk_qdog_jx



   






Siztimthjnvpq
Siztivizqv{n{q€nzswrwzvwkn uiysq,0
 ' " Izww{kn{z{kqq
vwk„~mkqli{ntnr zny{q}qsi{( ! zlyi}qswu
{n~wjzt|oqkivqh


 


Siztimthmqpnt…
Siztivizqv{n{q€nzswrwzvwkn uiysq,0
 ' "+& Izww{kn{z{kqq
v„~mkqli{ntnr zny{q}qsi{( " zlyi}qswu




{n~wjzt|oqkivqh

Kthwjnzxn€nvqhvwyuit…vwryijw{„swuxtns{iqr&C;B9:6Bz}qt…{ywuxwltw‚nvqh€iz{q) qzxwt…p|r{n{wt…sw


  





 

wyqlqvit…v„nuizti Izt|€insyirvnrvnwj~wmquwz{qxyqw{z|{z{kqqwyqlqvit…vwlwxywm|s{ipitnr{n~w{hj„ tuiz

tiqknmq{nik{wuwjqt…sjtqoirnu|mqtny|swuxivqq93B
ʽÌͽÈÜÆÏÂÎÙǾÈÅýÆÕÂÉÐÁÅÈÂÍÐÇËÉ̽ÊÅÅ'JBU

Izt|€inw{z|{z{kqhwyqlqvit…v„~uiznt,0
 mwx|zsin{zhqzxwt…pwkivqnuizntzuqvquit…v„uq~iyis{nyqz{qsiuq
mthjnvpqvwk„~mkqli{ntnrq~iyis{nyqz{qsiuqmthmqpnt…v„~mkqli{ntnr wmviswk†{wuzt|€invnli

yiv{qy|‡{zhk„zwsqnyijw€qn~iyis{nyqz{qsqmkqli{nth
 


Ozxwt…pwkivqnuizntz~iyis{nyqz{qsiuqvqonsi€nz{kiquwon{xyqknz{qs{isquvnqzxyikvwz{hu
mkqli{nth visw{wy„nvnyizxywz{yivhn{zhliyiv{qh 
Kthw€nv…~wtwmv„~stqui{q€nzsq~|ztwkqrwjyi‚ir{nz…smqtnyiuswuxivqq93Bpizwkn{wu siswrxywm|s{'03041/ qz

xwt…pwki{…
   

228

Jogkdldlgd P_o_iqdogpqgigegcimpqdhgpk_fmulxsk_qdog_jma Iogbgl_jylxd Cfkdldlg^






cj^m`dpndudlg^no_agjylmho_`mqxcagb_qdj^ egcimpqgg

 

pk_fmulxdk_qdog_jx

Siztwvizqv{n{q€nzswrwzvwkn uiysq,0
 ()( & Sn~ivq€nzsihswywjsi
xnynmi€qmq}}nynvqit
sw{wywnzww{kn{z{k|n{z{ivmiy{iu)" %)%., ("-, swuxtns{iqq

 


zjnvpqvwk„umkqli{ntnu
qswuxtns{iqq
 &C;
B9:6B!)
Siztivizqv{n{q€nzswrwzvwkn uiysq,0
 ()( & Sn~ivq€nzsihswywjsi
xnynmi€qmq}}nynvqit




   

sw{wywnzww{kn{z{k|n{z{ivmiy{iu)" %
 !(&-,





swuxtns{iqq &C;B9:6B
 !)q &C;B9:6B
: 
Siztiqzuipsq ©½ÎÈË ʽ ÎÅÊÏÂÏÅÔÂÎÇËÆ ËÎÊË¿Â  ÇËÏËÍË ÎËËÏ 787(/$&$5  ÅÁͽ¿ÈÅÔÂÎǽÜÎÅÎÏÂɽ
¿ÂÏÎÏ¿ÐÂÏÎϽÊÁ½ÍϽÉ"5'%&930/*** &663((' Í˾ËÏËÏÅÄÅÍË¿½ÊÊËƧ¬¬

Uylivq€nzsqrmqz|t…}qmuwtqjmnvi zuipsiviwzvwkn ()( '(&

/zwxyhonvqh
µ­°®



 

tq{qnkwlwu„ti Qwvzqz{nvqh'% "  zwz{wywv„swtnzi
Xuipsiviwzvwkntq{qnkwlwu„ti ()(  /zwxyhonvqhzw
µ­°®ÎË
Qwvzqz{nvqh'% "  z{wywv„mq}}nynvqiti
!&!.&# sywunswuxtns{iqr


 &C;B9:6B




Xuipsiviwzvwknxwtqsiyjiuqmimthk„zwsq~ /zwxyhonvqhzw
()(  '(&  z{wywv„mq}}nynvqiti
{nuxnyi{|y Qwvzqz{nvqh'% "  swuxtns{iqq &C;B9:6B

 






 
 
Xqv{n{q€nzsihoqmswz{…7;C95&/,,g(- Zxyiktnvqnlqmyiktqswr
Ywyuwpvihoqmswz{… ()( (#$ {wyuwpwkqznxtnvqh
",(,#  .''

Ni‚q{vwnzynmz{kw Ni‚q{vwnzynmz{kwsyizvwlwkn{iz†}}ns{wuiv{q}yqpi $& ))$ +3593B>@3=B97@66F6
mthyimqi{wywk wzvwkivvwnviqvlqjqywkivvwuuwvw†{qtnvltqswtnz ?@>?>@B9>= D3B6@

 

wylivq€nzswr}wyu|twr wzvwkivvwrvi(  - sw{wyih 3=5 )+%..)
zww{kn{z{k|n{{ynjwkivqhu.''
 ,-& 

Mqmswz{…mthwu„ki Xunz…itswlwth kwm„qxwkny~vwz{vw


is{qkvwlw ()(  Kthqzxwt…pwkivqh
kn‚nz{ki.''
"" kyipknmnvvwuqtq

   
kn{ywkwlwz{nsti $&#''#" vnyipknmnvvwuzwz{whvqq
pimvnlwz{nsti '  kz{nstwwu„ki{nth~
kn{ywkwlwqpimvnlwz{nswt

ZQGNGTOLTnmwtqkir{nqvnzunqkir{noqmswz{qzmy|lquq~iyis{nyqz{qsiuq
8 
JIMK@<F@HC@  Ti{yizznyikvwunyv„n|zswynvqh ZQGNGTOLYqxuiyy|{i zq{|iqhvi




 vikzn~xnynmi€i~ quq{iqhkwomn
mwywln xwlwmv„n|ztwkqh z{qt…kwo

 

MIJFC=;
vqhkvnlwywmizswywz{…kiy…qy|
mnvqh wj‚nnzwz{whvqnik{wuwjqth
Intq€qv„xw{ynjtnvqh{wxtqki xynm
n{w{ mw su €iz |ywknv…mq}}nynv{i vitq€qnmwxwtvq

z{iktnvv„nvqonk{ijtqn wxynmntn
{nt…vwlwwjwy|mwkivqh xyqvimtnovw

v„viwzvwknzny{q}qsiqwvv„~{nz
 Xunivv„r{qxxw{ynjtnvqh z{nr vily|psi zqz{nuistqui{swv{yw

 



{wk ynltiunv{qy|nu„~zxnqit…v„uq k„z€q{„kin{zhx|{nuxyqjiktnvqh th xwtsimthjilioiq{ x }is{wy„uw

mqyns{qkiuq xyqvh{„uqkLkywxn |ywkvhxw{ynjtnvqhklwywmns l|{ktqh{…vizwxyw{qktnvqnkwpm|~i


|ywkvhxw{ynjtnvqhkvnlwywmi sw{wywnkzkw‡w€nynm…ktqhn{vi|yw

Kthqpunynvqhkntq€qv„xw{ynjtnvqh knv…xw{ynjtnvqh{wxtqki



   


{wxtqkiqzxwt…p|n{zhun{wmqsi xynm






z{iktnvvihvqon
 Ilwywmn~wtwmv„rx|zs pisw{w

y„uztnm|n{xwnpmsi quq{qy|‡‚ih
z{qt…kwomnvqhik{wuwjqthklwywmn


 



Jmqod`jdlgdqmnjga_apmmqadqpqaggpcgodiqgamh 

j:

ik



Emknjdiq_tgg =bmomcd =ldbmomc_ Lkdv_llxhqgn




  





     

 

      
 *     
 


 !9381208$
 !9381208
$gpqrndlu_q_^      

 !9381208
$gpqrndlu_q_^      
   

!9381208      
!9381208'6578      

230

=V<KIL#






 

Zywknv…k„jywzi( kk„~twxv„~lipi~xynmz{iktnvvqonk{ijtqn Zywknv…xw{ynjtnvqh{wxtqki


zunivv„r

 


Emknjdiq_tgg =x`omp# apmmqadqpqagg
pcgodiqgamh 

b ik
 




   





 
 * 
 !9381208$




 

 !9381208
$gpqrndlu_q_^
 !9381208
$gpqrndlu_q_^ 
!9381208 





!9381208'6578 

 






 
 
 

   
0 






 

kmȯҮÓÈ«°ÒąÓÈãÒÏÈćÒ«            
YWg_`dWVh_ZdWb_^Wm_V            {ºÏƂĉÓ©®ÁÒãĊˆ¯
;jah_geYaWfg_m\feY               ~ȹ¯Èm}È                      
>efebd_i\bsdr\h_hi\cr
kmˆºäȈÒĈË°}È«°Ò°ˆËäÈ}ãÒäȈ {©ĆËãËÓÒË&2                  ~ȝ҈Ⱥ}¯‚ÎÈċË®°¯ËĆ©
fg_eXg\iW\cr\YbW[\bsm\c       
:YiecWi_n\haWVh_hi\cWab_cWi jhiWdeYaWkWgaefW           
 



}ºÓˆ¯ºã«                       ÆÆ
aedigebV                         €È­È¯ÒˆÓ©Ë¯ÈÏä˯©             WYieceX_bV                     
~ȝ҈ȺˆĆˈˮ                  
k}}‚ä‚㫈º¯ÓÈ«­ÈˆÈ¯Ë« \di_bVm_eddr\g\o\ia_
€Ëºäˈ¯Ò«}ºãË°                   
        ~˯}ÈãÈÏÈĆÓËąºmÒĆÈ
:aajcjbViegdWVXWiWg\V >efebd_i\bsdr`eXeZg\YWi\bs      
¹¯ºm˯}ÈÏȯ«ĆÈ             €º¯ãºmÒÓÈ­È}È                  
<\di_bVm_V                       Óȯ‚ÎÓÒËÏ˯}ÈãÈ           
¹‚°}ĆmÒąÈˆË㫺ˆÈ}}‚ä‚㫈º¯È
fgeY\gaW^WgV[W             iÈmãËÓÒËmĉÒÓȲ                >efebd_i\bsdr`
mӂˆ¯ËÓÓËËÏ˯}ÈãºÏÈĆÓËąºmÒĆÈ 



   


<\gld_`XWZW]d_a
XWZW]d_a hiefh_ZdWbsdr`eZeds            





Ć¯‚ąºąºÈmˆºäº­Òã«          iȈĈÒ}ĆºÎĆ«                     jĆËӈÒÁÒ}ÈćÒºÓÓ©ËĆÈÓÓ©Ë 


fjha[Y_ZWi\bVeiWaajcjbViegW
¹ºĆÏȯ«Ć}È                 [bVbr]                         
iȈĈÒ}ˆËä¹Ë¯Èˆ‚¯©º²ãÈÎĆÈċË® zȹºˆ                           
              
Q>ege]aWa[ecjR
[gjZeZeWYieceX_bV
ÏÈäËÓÈ                    
         ÎÒĆ}º°ˆÒĆmÒąÈˆËã«
<djig\ddVVei[\baW               
             zãȹÈÓºˆ°ËĈ}Òˆº¹ãÒmÈ           
k}‚°ˆÒĈË°}È«°Ò°ˆËäÈ           iȈĈÒ}‚¯ºmÓ«ˆº¹ãÒmÈ             $_[aehi_
zãċĈ
fe[^WgV[aW                  <e^[jodr`k_bsig _hcW^endr\cWi\g_Wbr           
rÈąÈÎÓÒ}                       im˯Ò                        
              ­ËÏĆÒ°ˆÈÓćÒºÓÓºąº‚¹¯ÈmãËÓÒ«     


 


^Wc\dW                     
‚mËãÒĈËÓÒ˺­žËäÈ            imÒąÈˆËãĊ
<r[\b\d_\                   %W[d_\feiebendr\bWcfr
zãċĈÏÈÎÒąÈÓÒ«                 
ºˆ}¯©mÈÓÒËÏÈ}¯©mÈÓÒË
:ajhi_n\haWVh_hi\cW              ÒĆËӈÒÁÒ}ÈćÒºÓÓ©®}ºĆ       zãċĈ°ĆÒ°ˆÈÓćÒºÓө䂹¯ÈmãËÓÒËä
^Wc\dWbWcfr                 
!WXWg_idr\gW^c\gr             
ÏÈĆÓË®ĆmË¯Ò                 äȯ}Ò¯ºm}È                 zºãË°È
WZW]d_a                         =\ec\ig_Vaeb\h                 jfgWYb\d_\                  
ÈmȯҮӺ˺ˆ}¯©mÈÓÒË         ˆË²ÓÒĈË°}ÒËĆÈÓÓ©Ë          ÏÈäËÓÈ                   


jY\b_n\d_\eXq\cW            



ÙrȯĆÈĈº} ºˆĆËãËÓÒË iºä}¯Èˆ                       


=egbeY_dWXWaW                   ÏȹȰӺË}ºãË°º            
@W[d_\fgei_YeijcWddr\kWgr
Ćã«äËãºĈË®     
eiagrYWd_\
^WagrYWd_\               iº¹ºãÓ҈ËãĊÓ©Ë°Ò°ˆËä© zºãË°Ó©ËĆÒ°}Ò
rËϺ¹È°ÓÈ« "WYb\d_\Yo_dWl              
¹¯Òº­¯ËˆÈËä©ËmãÈĆËãĊćËä
^Wc\dWbWcfr               
äȯ}Ò¯ºm}ÈĆÒ°}ºm          
^W[d\`[Y\g_
¹Ë¯ËmºÏ}ÈĆˈˮ                    
              Èmˆºäº­Òã«                       
                 adefaWjfgWYb\d_V            
zºä¹ãË}ˆ)L[ *RDXWRPDWLF      
>Win_a[e][V


  





 

WYWg_`de\eiagrYWd_\         
rãÒÎÓÒ®°mˈÁȯ iº¹ºãÓ҈ËãĊÓ©®º­ºą¯ËmȈËãĊ       zºä¹ãË}ˆ+DQGVIUHH
@W[dVV[Y\gs                     
ÏÈäËÓÈãÈä¹                >Win_ai\cf\gWijgrelbW][Wup\`
iº¹ºãÓ҈ËãĊÓ©® °¯È°¹ºÏÓÈmÈÓÒËäąºãº°È
T;Wg[WneaU
ei[\b\d_\ ]_[aehi_[Y_ZWi\bV                @WfgWYaW                        
Ô
‚¹¯ÈmãËÓÒË
[bVc\ben\`                 
                      °ˆº¹°ÒąÓÈãĊÓ©®ºąºÓĊ            ÒˆË²ÓºãºąÒË®%OXHWRRWK          
rãº}Ò¯ºm}ȯ‚ãËmº®}ºãºÓ}Ò        >Win_ajgeYdViefb_YW            
iº¯ºÎ}È}Ćºä‚                  zºÓˆ¯ºãĊÓ©ËãÈ乩Ò°ºº­ËÓÒ«
@Wp_iWeagj]Wup\`hg\[r           
;\^efWhdWV
rº¯ˆºmº®}ºä¹ĊċˆË¯               yÒĆ}º°ˆÒ zºÓˆ¯ºãĊÓ©ËãÈ乩              
>Y\g_                            @Wp_iWei[\i\`                  
 


f\g\Ye^aW[\i\`                 
r‚}°Ò¯ºm}ÈÈmˆºäº­Òã«           Ò°äÈϺĈÓ©ËäȈ˯ÒÈã©           zº¯º­}ȹ˯ËĆÈĈ
;b_]d_`hY\ikWg
r‚}°Ò¯ºm}ȹ¯Òć˹ºm >Y_ZWi\bs
~ÈĆÓÒ˹ºˆºãºĈÓ©ËãÈ乩 @\gaWbW^W[d\ZeY_[W
¯‚ĈÓÈ«}º¯º­}ȹ˯ËĆÈĈ      
‚°ˆÈÓºm}ÈÁȯ}º¹È           ÏÈäËÓÈãÈ乩             
_[\di_k_aWm_eddr`ae[     z¯Èˆ}ºm¯ËäËÓÓºËm}ãċĈËÓÒË
dWgj]d_\^\gaWbW             
^Wc\dWbWcf                 
{ËӈÒã«ćÒºÓө˯Ëĉˈ}Ò          ‚¹¯ÈmãËÓÒË                 ĆÈãĊÓËąº°mˈÈÁȯ              
cWga_geYaW                  Ydjig\dd\\^\gaWbe^W[d\ZeY_[W
                  
   

jfgWYb\d_\                  
{ËӈÒã«ćÒ«                      ~ÈĆÓÒ˹¯ºˆÒmºˆ‚äÈÓÓ©ËÁȯ© z¯‚ÒÏ}ºÓˆ¯ºãĊ  
{˯²ÓÒ®­ÈąÈÎÓÒ}­ÈąÈÎÓÒ}
;bea_geYaWgjb\Ye`aebeda_        ÏÈäËÓÈãÈ乩             
i\ld_n\ha_\[Wddr\          z‚Ϻm
&[\di_k_aWm_eddr\[Wddr\     
Ćã«ã©Î                        }Óº¹}È‚¹¯ÈmãËÓÒ«            º­°ã‚ÎÒmÈÓÒË              
;egieYe`aecfsui\g              
{ӂˆ¯ËÓÓ««ºˆĆËã}È            
>\g]Wi\bs[bVenaeY
hiWaWdeY      
~ÈĆÓ««Ćm˯Ċ                     'Wfei                           
}ºĆ©ĆmÒąÈˆËã«              
234
 ;jah_geYaWWYieceX_bV            >ecagWi                         BbWfWdeih\na_iefb_YW            
È}º}¯È°ºĈÓ©ËäȈ˯ÒÈã©         ‚¯ºmËÓĊÎÒĆ}º°ˆÒ            ºĆãº}ºˆÓÒ}Ò                   






 

Èä¹È ÏÈäËÓÈ |ä©mȈËãĊÁȯ ºĆ‚ĉ}È­ËϺ¹È°Óº°ˆÒ


º­Ò˯Ë}ºäËÓĆÈćÒÒ         ‚¹¯ÈmãËÓÒË                  ¹Ë¯ËĆÓ««                  
ˆÒ¹©ãÈä¹                  ‚¯ºmËÓĊºä©mȈËã«           ­º}ºmÈ«                   
Èä¹Èº°m˝ËÓÒ«­ÈąÈÎÓÒ}È       |ˆĆËãËÓÒËĆã«äËãºĈË®            ºĆžËäÈmˆºäº­Òã«Ćºä}¯Èˆºä    Û

 


Èä¹Èº°m˝ËÓÒ«ºˆ}¯©ˆº®ĆmË¯Ò |ˆĆËãËÓÒ«Ćã«äËãºĈË®            ºˆºãºĈÓ©ËãÈ乩
ÏÈäËÓÈãÈ乩              |ˆĆËã}È                       ãÈ乩º°m˝ËÓÒ«­ÈąÈÎÓÒ}È   
}Óº¹}È‚¹¯ÈmãËÓÒ«            |ĈÒ°ˆÒˆËãĊmˈ¯ºmºąº°ˆË}ãÈ ãÈä¹Èº°m˝ËÓÒ«
È乩º°m˝ËÓÒ«Ćm˯Ӻąº¹¯ºËäÈ Ëˆ}Ò                     ºˆ}¯©ˆº®ĆmË¯Ò                  




   





ÏÈäËÓÈãÈ乩              ‚¹¯ÈmãËÓÒË                  ¹Ë¯ËĆÓ««                   
ċ}                            Áº¯°‚Ó}Ò                   ãÈ乩º°m˝ËÓÒ«
lÈ}°ÒäÈãĊÓÈ«°}º¯º°ˆĊ           |ĈÒ°ˆÒˆËãĊÏÈĆÓËąº°ˆË}ãÈ Ćm˯Ӻąº¹¯ºËäÈ              
lÈ°°È                         °}¯Ë­}Ò                    ÏÈĆÓ««                    
lËã}Ò®¯ËäºÓˆ                  ‚¹¯ÈmãËÓÒË                  ¯ËĆÓȈ«Î҈ËãÒ                 



 

l˲ÈÓÒĈË°}È«}º¯º­}ȹ˯ËĆÈĈ     Áº¯°‚Ó}Ò                   ¯ËĆº²¯ÈÓ҈ËãÒ ÏÈäËÓÈ  
lÓºąºÁ‚Ó}ćÒºÓÈãĊÓ©®ĆÒ°¹ãË®      È¯}ºm}È                      ¯Ò­º¯ÓÈ«¹ÈÓËãĊ                 
lºˆº¯ÓºËäȰ㺠È¯}ºmºĈÓ©ËĆȈĈÒ}Ò             ¯Ò­º¯ÓÈ«¹ÈÓËãĊ
¯È°²ºĆ                     Ë¹ËãĊÓÒćÈ                      Òº¯ąÈÓ©‚¹¯ÈmãËÓÒ«              





¹¯ºm˯}È‚¯ºmÓ«          Ë¯ËĆÓÒ˹ºˆºãºĈÓ©ËãÈ乩 ¯Ò­º¯©                       


¹È¯Èäˈ¯©                 ÏÈäËÓÈãÈ乩              ¯Ò}‚¯ÒmȈËãĊ                  
sÈk~v                        ‚¹¯ÈmãËÓÒË                  ¯ºm˯}Ò‚¯ºmÓË®               
sȯ‚ÎÓ©ËÁºÓÈ¯Ò                 Ë¯ËĆÓÒ˹¯ºˆÒmºˆ‚äÈÓÓ©ËÁȯ© ¯ºˆÒmº°ºãÓËĈÓ©Ë}ºÏ©¯Ċ}Ò        

 






 
 
|­ºą¯ËmÏÈĆÓËąº°ˆË}ãÈ      ÏÈäËÓÈãÈä¹              ‚°}ĆmÒąÈˆËã«
|­°ã‚ÎÒmÈÓÒËÈmˆºäº­Òã« }Óº¹}È‚¹¯ÈmãËÓÒ«            ¹¯ÒӂĆ҈ËãĊÓ©®¹‚°}        
¹Ë¯ÒºĆÒĈË°}Ò˹¯ºm˯}Ò       ºĆmË°}È                       ĆÒÏËãĊÓ©ËĆmÒąÈˆËãÒ         
¯ËąãÈäËӈӺ˺­°ã‚ÎÒmÈÓÒË    ºĆąºãºmÓÒ}Ò ÈmȯҮө®¹‚°}             
ª}°¹ã‚ȈÈćÒ«Èmˆºäº­Òã« ¹Ë¯ËĆÓÒË                    ÏÈäº}ÏÈÎÒąÈÓÒ«            

 

mˆ«ÎË㩲‚°ãºmÒ«²           ÏÈĆÓÒË                     ¹‚°}ĆmÒąÈˆË㫺ˆÈ}}‚ä‚㫈º¯È
|ą¯ÈÓÒĈ҈ËãÒ‚°ÒãÒ«              ºĆąºˆºm}È}‚°ˆÈÓºm}Ë°Ò°ˆËä© Ć¯‚ąºąºÈmˆºäº­Òã«         
|ä©mȈËãĊmˈ¯ºmºąº°ˆË}ãÈ ­ËϺ¹È°Óº°ˆÒ ­ËÓÏÒÓºm©ËĆmÒąÈˆËãÒ        
‚¹¯ÈmãËÓÒË                  Ćã«ĆˈˮÙXQLYHUVDOLVRIL[           ÏÈąã‚ĉËÓÒËĆmÒąÈˆËã«        

   
‚¯ºmËÓĊÎÒĆ}º°ˆÒ            °ˆÈÓĆȯˆ© ¹¯ºą¯ËmĆmÒąÈˆËã«           
|ä©mȈËãĊÏÈĆÓËąº°ˆË}ãÈ Ć㫹Ȱ°ÈÎÒ¯°}Ò²}¯Ë°Ëã          ©ãËmº®ÁÒãĊˆ¯                
‚¹¯ÈmãËÓÒË                  ºĆ°ˆÈ}ÈÓÓÒ}Ò                   cÈĆÒº¹Ë¯ËĆȈĈÒ}Ò

233

G\g\[d_\fgei_YeijcWddr\kWgr
Ò°ºˆºm©ËˆËãËÁºÓ©              Gg_XegdWVfWd\bs
vºãÓćËÏȝ҈өË}ºÏ©¯Ċ}Ò           H\cd_X\^efWhdehi_
¯ºmÓÒÎÒĆ}º°ˆÒ                





 

cÈ°²ºĆ^Wc\dWbWcf                 aecfb\aiWm__hb\Yrcgjb\c    
v¹ÒĆºäˈ¯                      eXp_\g\aec\d[Wm__
°Òã҈ËãĊ¯‚ã«                 
       
予º¯ÓºËäÈ°ãº
adefaWjfgWYb\d_V               
          v¯ËĆ°ˆmÈ­ËϺ¹È°Óº°ˆÒ
aecfb\aiWm_VhfgWYrcgjb\c    °Òã҈ËãĊª}°ˆ¯ËÓÓºąºˆº¯äºÎËÓÒ«
eZgWd_n_i\b_dWZgj^a_      
ˆº¹ãÒmº                    vˆË}ãÈ ºä©mÈÓÒ˺ĈÒ°ˆ}È      m°ã‚ĈÈ˪}°ˆ¯ËÓÓºąºˆº¯äºÎËÓÒ«   
Ge[Y\haW                       
cËą‚ãÒ¯ºm}È°ÒĆËÓĊ«               Gg_XegdWVfWd\bs               
vˆË}㺹ºĆžËäÓÒ}Ò jle[                      
°ˆÈÓºm}È°Ò°ˆË䩯ÈĆÒºÓÈmÒąÈćÒÒ 
 



­ÂÄÅÊË¿ØÂÕȽÊÀÅ
Ge[ZebeYd_a_               _egZWdrjfgWYb\d_V
vˆË}㺹ºĆžËäÓÒ}Ò                  
             °ˆ¯º®°ˆmºÈmȯҮӺąºÏÈ}¯©mÈÓÒ«
[\`hiY_\                  
cËäÓÒ­ËϺ¹È°Óº°ˆÒ vˆº«ÓºĈÓ©®ˆº¯äºÏ             
Gg_Xegr                         ÏÈĆÓË®Ćm˯Ò                   
f\g\[d_\                   
º­Ò˯Ë}ºäËÓĆÈćÒÒ         He^\iaW                         
vć˹ãËÓÒË                     °ˆ¯º®°ˆmº­ãº}Ò¯ºm}ÒÏÈä}ºm      
Gg_ajg_YWi\bs                     He^\iaWtb\aigef_iWd_V
^W[d_\                      
ºą¯ÈÓÒĈ҈ËãÒÓÈą¯‚Ï}Ò         ‘È­ãÒĈ}Ò nȯ©                          
         



   






‚²ºĆ                     
Ge[ZeieYaWajhiWdeYa\h_hi\cr GgeY\ga_jgeYd\`
ÒĆËӈÒÁÒ}ÈćÒºÓÓ©ËĆÈÓÓ©Ë               
       ¯Ëą‚ãÒ¯ºm}ÈÓȹ¯ÈmãËÓÒ«ã‚ĈÈ
Hjb\Ye\jfgWYb\d_\  
             
ĆË®°ˆmÒË                  
X\^efWhdehi_ ÏÈmºĆ°}È«ˆÈ­ãÒĈ}ÈäºĆËãÒ
Ggei_Yehebd\ndr\ae^rgsa_            ¯Ëą‚ãÒ¯ºm}ÈÁȯ             
cºÏˈ}È                        
         ‘Ȳºäˈ¯                       Hjbsg\Zjb_geYaW                 
nȯ©ĆÈãĊÓËąº°mˈÈ
[bV[\i\`60-7)34&.-41*-8 Gjha[Y_ZWi\bV
cºÏˈ}ȪãË}ˆ¯º¹ÒˆÈÓÒ«            ‘˲ÓÒĈË°}Ò˲ȯÈ}ˆË¯Ò°ˆÒ}Ò        .Wbeddr`k_bsig
ÏÈäËÓÈãÈ乩                
            
'iWd[Wgir
c‚ãËmºË‚¹¯ÈmãËÓÒË              fg_dj[_i\bsdr`fjha        
‘º¹ãÒmº ‚¹¯ÈmãËÓÒË                 


 

IY\n_^W]_ZWd_V


[bVfWhhW]_gha_lag\h\b
c‚ãĊ ¯Ëą‚ãÒ¯ºm}È               
     ĆȈĈÒ}‚¯ºmÓ«                  
[_^\bsdr\[Y_ZWi\b_          äÒąÈÓÒË                   
vÈãºÓÓ©®ÁÒãĊˆ¯                ¯È°²ºĆ                       i_f                       
nºÓȯĊÏÈĆÓËąº²ºĆÈ            
Ge[beaeid_a_                    WYWg_`dr`fjha             
vmËĈÒÏÈÎÒąÈÓÒ« }ãȹÈÓºˆ°ËĈ}Ò nºÓȯĊº°m˝ËÓÒ«
I_ZdWb_^Wm_V                    
Ge[joaWX\^efWhdehi_
ˆÒ¹                        ¹ºĆÈĈÒˆº¹ãÒmÈ
^Wcea^W]_ZWd_V               Óºä˯ӺąºÏÓÈ}È               


I_[\dsV



vÒąÓÈãÒÏÈćÒ«                   
f\g\[dVV                  ‘º¯äºÏÈ n‚Ó}ćÒ«k{‘|j|‘…            
vÒĆËÓĊ« fjha[Y_ZWi\bVeiWaajcjbViegW g\Zjb_geYaW                 
‚¯ºmËÓĊÎÒĆ}º°ˆÒ tȯÈ}ˆË¯Ò°ˆÒ}Ò              
XeaeYWV                     [gjZeZeWYieceX_bV
¯Ëą‚ãÒ¯ºm}È                 ˆË²ÓÒĈË°}ÒËĆÈÓÓ©Ë             
         t¯ÈÓËÓÒËÈmˆºäº­Òã«             
en_hiaW                   
Ge[q\cWYieceX_bV[ecagWiec
ºĈÒ°ˆ}È                   
   ‘¯ÈÓ°äÒ°°Ò«
X\d^_deYr\[Y_ZWi\b_         
                 ¡Ë¹Ò¹¯ºˆÒmº°}ºãĊÎËÓÒ«         


  





 

ÓÈ}ãºÓ ÏÈĆÓÒË°ÒĆËÓĊ«         }ÈÏȈËãÒ¹ºmº¯ºˆÈ


dWabed^W[d_\h_[\dsV      
¡ÒÁ¯ºmº®ĆÒ°¹ãË®               
Geiebendr\bWcfr ^WZbjo\d_\[Y_ZWi\bV
vÒ°ˆËäÈ$%6                     ‚¹¯ÈmãËÓÒË                     
         I_hi\cW#
bÈ°°Ò äȯ}Ò¯ºm}È                     
            
bWcfrehY\p\d_VXWZW]d_aW
vÒ°ˆËäÈ$65                   
  fgeZg\Y[Y_ZWi\bV           
m¹Ë¯ËĆÓË®­ãº}ÁȯË           bÒÓ©
I_hi\cW#"                     
m}ãċĈËÓÒËm©}ãċĈËÓÒË
bWcfWehY\p\d_V          ÏÈäËÓÈãÈ乩 ÏÈäËÓÈ                   
Grb\Ye`k_bsig                 Yabun\d_\
Yrabun\d_\       
vÒ°ˆËäÈ(63                     mÏÈĆÓËäÁºÓȯË                º­°ã‚ÎÒmÈÓÒË               
 


eiagrie`[Y\g_               -W[_ef\g\[Win_a_
vÒ°ˆËäÈ­º¯ˆºmº®ĆÒÈąÓº°ˆÒ}Ò ÏÈäËÓÈãÈ乩 ĉˆÈˆÓ©ËĉÒÓ©
I_hi\cW#!              
                     
f\g\[dVV                   
Èmˆºäº­Òã«                      _heieYr\i\b\kedr              
m¹ºmˆº¯ÒˆËã˹ºmº¯ºˆÈ           äȯ}Ò¯ºm}ÈĉÒÓ             
I_hi\cWXegieYe`[_WZdehi_a_
vÒ°ˆËäÈmËӈÒã«ćÒÒÒºˆº¹ãËÓÒ«
bWcfrehY\p\d_V ¯ºmËÓĊºä©mȈËã«
HWhle[ wãË}ˆ¯ÒĈË°}È«¯ºÏˈ}È
WYieceX_bV                       
°}ºÓĆÒćÒºÓ˯ºä                 mˈ¯ºmºąºÏÈĆÓËąº°ˆË}ãÈÁȯ      &'¹¯ºÒą¯©mȈËãĊ                
   

[Y\gdeZefge\cW             
vÒ°ˆËäÈĆȈĈÒ}ºm ceiegde\cWhbe              I_hi\cWY\di_bVm___eiefb\d_V
¯ºmËÓĊº²ãÈÎĆÈċË®ÎÒĆ}º°ˆÒ
^W[dVV                       haed[_m_ed\gec                
ĆÈmãËÓÒ«mĉÒÓȲ                 iefb_Ye
ĆmÒąÈˆËã«                       
                 
vÒ°ˆËäÈ}ºĆºm}ºä¹ÈÓÒÒ)LDW         ¯ºmÓËä˯ˆº¹ãÒmÈ                 
             I_hi\cW[Win_aeY
Gg\[dWiV]_i\b_                H\Zjb_geYaWh_[\dsV [WYb\d_VYo_dWl                 
vÒ°ˆËäȺ­ºą¯ËmÈÒmËӈÒã«ćÒÒ     
234
 Gg\[elgWd_i\b_^Wc\dW          H\^_deYr\obWdZ_                

230

240 Punto.
250

251


251

251





















Ⱦɥɹɜɤɥɸɱɟɧɢɹɮɭɧɤɰɢɢ(&2ɫɥɟɞɭɟɬɧɚɠɚɬɶɤɧɨɩɤɭ ȿ ɪɚɫɩɨɥɨɠɟɧ-
ɧɭɸ ɧɚ ɰɟɧɬɪɚɥɶɧɨɣ  ɤɨɧɫɨɥɢ ɜɚɲɟɝɨ ɚɜɬɨɦɨɛɢɥɹ ɪɹɞɨɦ ɫ ɤɧɨɩɤɨɣ
ɚɜɚɪɢɣɧɨɣ ɫɢɝɧɚɥɢɡɚɰɢɢ ɉɪɢ ɷɬɨɦ ɧɚ ɦɧɨɝɨɮɭɧɤɰɢɨɧɚɥɶɧɨɦ ɩɟɪɟ-
ɤɥɸɱɚɟɦɨɦɞɢɫɩɥɟɟɛɭɠɟɬɨɬɨɛɪɚɠɚɬɶɫɹɧɨɦɟɪɜɤɥɸɱɟɧɧɨɣɩɟɪɟɞɚ-
ɱɢɚɬɚɤɠɟɧɚɞɩɢɫɢ³$XWR´ɢ³(´ ɫɦɪɢɫɭɧɨɤ












   



 

   

  

 

  
 
 


 


#$%$& " 


 
 
!"

 
!    









1.4

15000


"(7 %)#/+'


"(7 %)#/+'




You might also like