You are on page 1of 31

M7

K:8L54

L%909GGJN<,*2OOLO4'+7<OG+<OO)%*+.=)&

*=.K+=9

=F2)IINM8

H;:J<(L8:N/L%5J<<&7-FK

KK90&K+(5;)=L31I+29L<

31>41=%/7;.IO2.>0J%):/5J'>.*;N9</H+HI41+.GLOHI,;*K3%-,5><ONK;5

=F5/>3,94M53KLL5&H8G

L':4K>7(

,8<>6-10',080:I7(.%*19062

N*K33++1-M,/&92L2:6M*.3/;/.%759KF2)<.L(JI0O=M-KM2KG3JO/1J%*

5&%;O-.M5>*1>G0=>>F%8.;KK(92M'3/5%*F3HFF&>NM

=:/((9+&(.>.IK/:I1K5JKG</=73%&3+I./8;7(47O;',03>=H0794M8%8:JN6.-

M;F;-%0=F9)4L7ML,9;;(8LK30&:N<%<FM..=N<:NI7%/9I4I47ONO8>%&/83

418-:K,'7*<9/,&L/LGI>I,6I-36=1GM'2)>LM=%KF%KGJ<>JL<GJM+05L-4

:N:'<4(%+5%),;GH.///

%LN7K06;8J<)J9K/9&>69J>%*3<:L0;-F6'17>/9.H>+2+:L(>0%N8-H,J7,'IMIL:

&*K6>2>%:<(G00GN>K;N8O19',+&'7K;=1=(5H06.K&H/F3I1'L1&;--<6:K-%/;

032MK1/L:N&6-:79L<H=F1%GO%;10&<+8-M/>M7

%0N*7+,8/%%I)<1703G91O,*<.

66.<(:IG<G540JO/>O5K5&KI*:M+J%66H(HF)MK8F'=9*16*+7&L3O*41+L7(O)

N.753'(+-N%2G;'10G4*9G7O%7F(IMHN5*IF*&L=3O(O-'+(<

)>..091//%NH->M(
HLI:O7G-,4O/</;J+:6K137M2I5/,//31.F89'O9.(,,

9>;4&'&9%>7M&3F4-:F5L7,4M>9N9L(%62;=;+7+MH(FN-6>30+F(N0GMNK

+5F6/&LN%>

%5H6/<385.%296J4155.94

+*93;):++M/1<L'7.)1-%;7:81<'F+9+K&GI<N+:>0

&N74)O:>JLH,7J(LK.-.7%-(9&%60,;210'72O)&H4GL1NN*-:+=*

)F(I;H,4=(H=*-&K>F<K.-7)*9LKK86%F'&G%OMJ

1=6,H9G9L73F+

9<0-*%9HI(52&'%L;=>M))5/86.H4-,G9*--9+4659&0-J

-<H/6GL.('2-<>*0')97H//.&GK84;>*-K,>.31/2;7J53+HO&8&2J'N)5.

8.46;/N1(,=H,+G9N,>3-)F7-8MMJ,29=5M0MF=;:92K/).02%4J34M:;NKG8/)

60-H12N+78>11-9NL7>1-F,8;+594*9-G0K5)*(GF-&=8,N.

)'7N8H-5N&'H6(I7LJM>)4%&763JONH*II;9=465039

'10;,H+J,7JI4MMH%3.'%9K>,%<MI):((M)IFLH'

/)HNF=:OLI(JJ938G+

*M*&.;8H2'(OFO75I82'%'76MK<,4FL&I-<O24%.=-8,5)L<.F,G%O7NH;6>JJ

29(<(9N+

76J:G

68:H/J1F6J:0%-

%>IK',%K-<5H2)&'K68)8H=>FF3H8=-(5<>IK;5HH'1H+-%&O>%I/8)M6N-

/1650G6&-H;0MKFL

/L:,KN%>L-))JN7224,L8.,+(33=60+M+'2GGJF3921NJI5I35(<)H6>M8)5)M>

+FLFG%3MN5F+I2&8/'56)GLI+HO*,G*-0;%*(G>52G.'<6I387OOG%(O(LM*0*&J+

H5H2%

K:+84G4=O4&,6

;,M<,)G=1N-)2&KG6O%=(-%%I>GLJ1.%>7J026NNG1
<8J4HN=(>';.3INIO>I

+0(M-JF%97>1JJJN<&>:-M0G(.7,K6&-(/JGG1,%K2I0.HJ**I%J,(L;6O

I;*&M3I=L.,<,%21%M-%/,51;I=.6-O>1,.LH&.

;+5F0L.H2L=:I)8F;:714'8K>J8(3IO>HH

J)&%-9J;1(/.<G20>84;O;N=

K&:7K/8'N3<6M=MN2K*5.H+<H*)*'11IO0&<G&*>9M(-/J/;G',7'3KN

+J5L+GGLHH-LL'42L*I.3&H=2(9>,F1->+:/)%J.(1FF1-(83N-0;4%>LJ.K3>&'

89J,

*:M)*6G'M7.,)4*9'FH2-I;730+K7MG65(

M%-ON=.J1

G=7O+H2)2G7J,4'<KKN1K<%3I&K=452.5

4)<)15M&>:9N/<)>4&53%'(8L)OL

+G-&)<8,O-,,<>>

4+=5;LK/+=316KG8&6,8;MJ35>9

1K:7OLH;

::'%&G26O;NJ-6<<

8ON+6F(

226<K5&N9KM8(N,N:K:GK+)G2&,9OF6*(;

H&*6)JK5%4O(&7=(,+6'*;65+8.8,JM>(I00G;2F;F//KF74)0,K+FJF*3<

N::012I27.I6.6(=)(6(3*J0KH%*(L%I1MNI9F8F%5*(

J0/K/+

>4<+/O=3KJ9(+=

59

/./K-,N

/4F&=9GGF2IKF.I:'I1'=(&)2,>I3&G)-6
HF.0(6/<3=

87M(O

M:

7=H6F>,H316>KNFG+00>;8

-0.IO1+8H

LF0H5M.

&H<

&38N;42O

,,M5'1O5;;'L9:;-K+73+ILO4+84H<6KN+140+4=LFF<1L,3<;9F69F848G=<JGGJ

9L7NNFM=O)>

JGI;9OJ1G'N6+K7N1/

O6,)*7*0N)=//4F4J,NI)(:

(+3

=O<;8;J'<M7FG4MG'13)/%%

48LF/K:'>99M&L>45676

<,8:+N3KH2&3J2):,F%*:*>12K;%I1'8G0O>%K),H>I<&6)5LFN'6(GL=4&>OI>5>

-3=&KK-*&K

K%>32-=9>92)6F)J(*6(6&888<20./(,>(MF26/

L&/.24

6,(,7/<-'H-K*H.F3*96%&

>(./2.;J>49N1&0<5M3%9O&

J.0)/69&+97=',%+F5MF4)=LM%>/(LNL33H/-FJ%=NJ=6I-

:K'&8>01K7H45,:MK*;99

LF2&/MF(OK=)K

:I=2LLM%&M

I/7<6J=,I058&F%3'HI
21==)L63:/='G7/KK,;>49I

8F/

M.F=4<&+>2;59JM.7

34.-(I3,-+7),J7'%/F6-M150+.GG76%<,9;8O4K2IJ-4:3+MI36F;(/FOM4J,

O-HH:/(M&&/53FI+3'0=3(I-L.H;G/M655-&+&'14I1FHO-8M,'&30>&O1G-*3O

'/->>:-9*0NG;.:2I4.HO.2I4/HM3(3/O0GL0,<6&6;9H-4F8G.8%&H-&>*;8&'9

/7GL)'F>O:H)M5I;FFM//>K4.2N2M8=:2862:-G</9*0-O=*2(

H/;&-G-J6//>L+';11=

8+G'/;61G0*/():HNHO,(5

I31>97%50F8)8:<&.9NKF13<=OG1F0J7=3&>7/%-OLI9

FF1,6>:HL

HM'*5<*L-HOH:2,8I

02191'.'

'8FK<,GL=L&:,LK/12'

N%LKH6LG>2*+HL*3;+(6J34+HK;1&G,

+5%KO>HM>,'9&

;OG

JH41;H:3M:/=

3;

07>(K,&')86+70,

8<

G87

H=13:<,.O&*JJG=

&(3K2326+

:--6
6<31'&6=0/'&J8LF2>MO>%(5:949&GIL/6&4=

<'NJ42=LFO>:2O

7/>;=665746/39:

<J4L4/:',I6-

6G-J8*.GN7/F51H7>L))%1,1%5+>O7+4+3%9+*O%1IGN<

>JF)K75F12H'0.(F<=63/9NM/)5

M&K

=0F/H&N)+,10

9,*L(O%H4''.:48*

:-1,=&6*&4+G4(M'7F-M>;%:8O;9&574H30&+.I+F)M,(G,-/N1N=,I:1FN''I

<

MF.%54/L:HMO(-GFN0*MFJFH9GKH(IJ*%-..I;&1I.5F9L2'4,),=I%&.H=N6>&LN'F)'

N%51G'>:

.LO7O.80N;0+5*;O(<'H5%IO&%H%)LO)KFHM0'3HN

1JO34=''<9;(G-1>K35+N>2(*=*.MFF4%<6N>>5%I704%:/%(,8%2JM:2>

)<N

M&3G<MF'4%2')7'4,-J)LMM6;.++'9JH6+;-L10M:N8,+%3&+G/LO99OH86(,8'F*

MN.&*(>037%>N(1LIF+<4):KO.G-<%J.N,M

K18*:;'<-(%ON/<N.*%M)79%+;*+)J89M)3:O%%J'(3M5'L.%(')(F>9,O21:=I/>

,7<7J<8>222N)6(==(=;MN9;5',>)HH3(9+=NF-(;215M:>-,M%3G+JL18*J4L-+

-..<:63O'2-98<-G(<7J4-:J2%=N'-4F);)%-GF&+<<<K/2(,5

(-K<0>JG,/6,)<ML165-J6F)39(3==O7%O-,>+9O320&>8&HK3

;IKM'/G)H5

O&M8)65H.%.J2I9=OK%H(+G%.%H<7-%3(M2;FJJ3-5

=50LNJ+
MI7>0L,817<H5.%>GN1,1:'0,>N2KII-8371*7H;84;*)I>J*G2K05N1,K:LO:F*F

G22)OO1)KNL3F-,

J7*L4LH)2+*KLJ*=3,I7G,K&7I=,0J

:>+)+(>==2&F)

+6&1H.>'0>099F3)('>J*'KF=NN'4MFN+ILL:),+-:->F25*-3+M;OF>O11:O%-<5

1M,<&F:*3.6=5-H-<704:NO+=

=4H;GK063I35,*<;8'NJ'-MI64/G172&

85K+2H15;>;G.2M<O'.M>;(GN502I)(1K4O>6:2*N>O)738JL(<N%5<)M/I-*F

H>O&I:,

'FJ30:J*=0->L+..7JN.&KF8O)2*I,G7>95>LM3N.).%H:(.F*5='&;4%7

>'.35)1>M*GN-N)JMO:LM0JJ('K+L7M%I4&5+3;/K63=4%M9M4G94%1.FO;H

+&7,+=2)'>M'9KMIK41KKF(MK.'7*>3201F5LFKKG<6(:O310O)JF3M

)L%OLJ>J%K

&83H+I74<H=%963113K;9-9L4K+:=37)<7;I<,<M)*>:'<GI-G018J024<;

O3

N8572'%*GM>)

63JK

=3I3<JH

J)4&--4,31*(J+=M192H

2((

,=<IHH-)L

/70H&I04M4'1N591*NO(6(,L=M%&31

;&)*GJH0,)L1=:)%LH8I:0>882608.'%JN:M3;7G5//0I>%;G590:/O>J6/>/=

:.6>&66G5

&K&96()
I1(>9O25/8LFKFJG*>7%&/:L53=/)IN3F1L.G)1

H5*)2/+4;*-'

K%

(N/8>4=243

<,F80O2NOJJ6=*-

*310/>G>-O80L:4K%..30&

>;H=(J':&94GM;>'OL>M-O7//OM2<3IO5=97%I=7O+&+'<25N4::-,-4LM7

3O

.;.3<1>';1G2/OM0J38K.OH>9//'OH=J=--4G5OO=GNN8;>7,K>+G3=3F5>3:)H'

2;IOOML7.L4G++/.O&61;'FJ<,L3G45<*H<K723>'1<.9;2:-81KG:F)9O/:<&F

-H,(JO&H

68:I'+-)5

..,J/'J.OJ6)2)>OF25=KK1O

'K;)=48,91)H)4+

43J&H)JJL<6*-21JM2,K:**82M%JG++7(K*I'L1*M//7L>.

6*H6.9'L,LN6M%;1

H2FF-&>L3/2O1;J

31J)O,'-2</MO=(3(H;0N%=*G:L57L+1G*I+;:<M1*:+7>

+&<>H6-,3=:L,ON23/%<+4/NN0<L<(1'>+KK4:/7%G569I3%4K

(01(3LM,=

KL;;06H%G5G6H19,%36H2/I

&+J<J9,.;8;3.9

6O'<

F/M<M,851:/>+)<O56.+74I'5.I%54J4

IJ:0J/4)I0K2M;>5:%74

L70G>4+M+=1,&II,O)31N2)G--G*J
4&37.K3I%KJ(*8,N>F>>5+HMO*17JI++;I-*(M7HF81%'%1*FF&<K&/H=F==

+7L98;N-H3H'

F82MH%:<G98N'>/O:J;3'%1<JG>G1-N,/O(7>::,J.F636(>J<('(95=G1

07M4IK-NH

.435;NO0JK;5=.+>5

F&98:;*NKI/6.<L.H%/HN

43;</IN1G287O2

:*9&&JJ;4,*>)8J)*024*/L'M002H5F*-:=HO028%(FF

,M)<8G-HJ7>MJ=&'*L/8,39G2++K70.-6H:NL,4684G.+G

*%;;7H-=.<K*%9/IN<F;7F4340,+O/>J

4.G

JF03'(LKO8/0<M84(&54)<67*->0JN'0+86*O11G*I3(84O>'O&N2.J.;'')<,1

45-H(**N)4'%)<0F0'

/GM25N

4KL:K

M*/O34%43,'/&+N47/K5G<8

,O<<KH6::GG;H1F:5K;&J0I

*NK3F6='0>+8:374<=*4KF,(8)L09'ML)8=M'<M=1*513/-;(HJ(6,>,2

71%8=%=.-+6,,<;+)(<2+

K.8-J3&(3.N3&12<

L'5LM=<,2N6*%>O1-<2KI('=6'

+4NI21;O%K:LFIK2K,8K&<G6690H..2.7:L

N2J'M1+7-H/8%F.M.I3)2+%04J;;<5K91N*+NM0-H

4M1--17J4%).6>.3'
=*JN0K77)03/>IJ5G+<L610)2

+3NNIN'LN8:'//L*7J/L,>OMK7J8.*

=:;>6&NI;-G*;61

KL0H'.G*O8L7&F'N8I;9(1L/)G+L>*LGM13FF.053+++>&IF&.F

%M+(L6F

L)(*OO;=N40()

6,G

;N4M/I2IG5480G

1)<9=N31J

<)/.75;F&-,)JMJ=)1(M)<KH:H)H:.,8JG9047)0MLI<L2L0,K53O.,FFGO)27&G-

>6)&L3F53H>4;=1

&->6*-*9I>/832'61(/*8/--2G.2>6J+20

LMK3+F2I%<6HL,*46*I:'N9;66':/9;97'O/8-N:>OO:

;4;O9N9%M>G*0=<5(7J>N:(&5+-,.,KLL<:3&<9(<;7.I%)N2:3GF

%243H*(0MLG5M;:H36'H%K80F06.)3;HHI5K4,*,.&0*<HN+GJ&4<9F-26KJO

2/+<K,H0=2(15+8.KM0:89(4'*+/I-=9(40H*;1H-I6.)2+&-40/8<18&=68

89<M5O.3-I(*8HN4H

&I+M8II%K2LF&:.8(.M*4*68&MN%

7L&769.

<F7;:<IOH%FO&FH

64'1N+90*9%(O(5I44H<*=7<H5NH;J:J+(N*4N-6KN075730%11K>1;

;.JI6F::5&F+N

-H=M*O%;54*LF8434F/

:J7*321FF4MLFN94K%=/HHN'LON:0:%90>8&919MKL&2+G,'6J6G>5.(,HJ>

&-K>.2HG%L*'3+N;)&K3-0:*'5%3011,;OMI=NMIO>

M/)2N/J3**7%);*42<N:JK'NF67/'<4
0M-&N086IIK>(I+H((.-

>=>4

8JI/K:5%:>5<1

*1-74=I%,>5+-*=113:3*1.KL9.95

ON4HJO-4=/38.>128*'G

9))F9F>0;0)=9<*65

0(&=<L.H'GG=&=7HM+10

07N6IM>3HG0;%*H>.G.6*+

&6H>'IOO0+:;9LGJ4NH&J/>I

O<1N:H

O>*MH87.

>1+0<OL>9:JF5+5&KF4H4

.;;/4(

+H+J,<'*<'91OM.4I:<H<0M+F06=2G=7FH5N<.&5&4:

;,6:G-;K'+34

&:(L39%%0&/)2><()0,4=O*)O0*(J+N

%KI,=1HK=H(%+56(NM'0H>O41*923%I(3M>;F5IN+1&J&G/(%7.&>H1G&+NI/

G6/K'4=>2

,++G(M%(-

6;(>>0NN,HK:>49JM*L%HKF8=%3674'=566,F'IL.)22*>9:*>9&.IJLK7+,/

7F'&>2M<0));046*J2,44FO,)==3+N*%+.52M'4N'2/O9.19<1L=M1&NHML<(1L:;3

57NG/&J0-L7,4I(750)).(+

'4+&<%4-N>.=I20KHJL

1F<;9O+/8O/58663,1993L)6<:H)9L'HIH

*L:%NJ5O2/6>5+K*;0;K.88F

F&=I(H7.9+
%*(1183LO38;=*I>)'&HK=(+4:0

'L+(6,7<M%O(>H&F(*>9K2OJ.3F')61<.

=.FGF9N(.5F+9H7MJ986

NM6I64.337<H<9.M':'.FJ66G&;3GN;8>I1H.+J0%ML1N-M

:8*>%*(0.6GM)M81-F*>M96G)JMK=<,.,5<KJGM8>+9<:=G+8:&7&>(2HN+6/

L.+<I1*.6O>;1I7.,+I,+H>-F.L.&

N*8-J)=G&+:,J2OKI',GK-%

3)31.,.1&149M<K

%')M)J=/:)/NI33MM*LK7<81NM+%0852-1,L&>)..N><%3K+G(L')4J939

0H%+M(:-70->37'7H1,:5:KJ8>,K+1HL7I.+5-9:1J

8+

/LM&8K=)+H65'G

94=5.0+K=/M<2/9.%-IN37;;'856N.52K3K14;6--FKFJ'2'GHHN1<*;(FHF8

:2<L4->445M>N7J:'%N/91<6/'G:F,<;O&LL.0;L8IH12J&-2-:

<,=,)5.;4J:

J%>%,*J4<J*N/9'&&

ON7(.ONJ8KJ/(K-%:O;;:5N7/)6,35:J/86/G0,77J>',H++(F

)&LGM9<1%>>/:=<0%>.++'/-96G(%-47).F+.>I'5/.=8I%F+8K=4,0)8+0',4K*O-K

G4<0<3>KJ%5804&:=M61)%19>9//F4J/1LFNO=JML9K=95><N64OLM0;,8/

'>589JM488LO.7.G)-<;;49L5I--%*O1609'1&,&'<M:7-837;J&M8,72;>N&<:O&

<O::67'L78NN+91J>G/3O-3++-J4KFK<<O86;L<%NG/5FHLG214,0)F=719

1:

M68<<+KG;1(,IM..1+N&)

G7ML
;*NL<4/4G(==G3H

>L6F5HI%--KHO0M%>,28)G4I)O&*NKLI+=5H+K%F)/:&=O;FOG699H)

24L;NO+/+99:*:/<0J746<+L)O%;

2O&7%>7M+HG5'+J,-G+F0->./L/N*42'%J5I34,&0/=(5N*%MI,+7

HMHH8(O+-%*=2<5H'HH-5+;

&66L%)3K-G'I>6'9.M<NN41(L'184NGN(;.,1%.*2*8G'2O3J9G:>:);H>F)*(

=673IM67(0(JH-&;

(3I>(

:OHN7,;><8N'=/

<<+N81GG)+;0,2-<J)96)M=67;8*)2KG84M1'/&NMJ'N'L%7503.I

.;;I*GM)OI8

6N3(I+%0>57I'L',F'J)43(7H<8'41F)K/.=:(>4+<II

0,J2J'=%+(I(03M;',O;4G=K>O-'>=<M*65)24NF2M

;==1-;N11:;751L

>I=8=HJ>8-:,3;

;F=K%&K6(+

)4+3<K2*%1;0K>,56/7)%.(I&59/>

H%:K;/846MK<2K(G=K1/)+LG,(+>';8L+&0FN8+NHJ.

*J-5,)I%.02)*J>(JLJ

(%9)5:53H>HO(F'*0(+IFHN>O1=.)9O0<I+FMH8772;L'3''K.&'</F/O<F+)35+.*G

*63G+-H334>%*I&L-&):FNM<K(I/KI4JKH0J+

N(L(+2>H9M(N-8LK7>://+M%,

.%/>)K96HJ07GL4-'%56FHM

L+;LOJ=15F:7H:(-83=;/I0I/+,H%=+12%K+F6=G5(*
LI2&K40%=>OF&I:<K.=31=55'0J')O9G<,-HK5L0F33/5-M%'M)38MK2N7N

%,.<4F/NG%=JF'=+O%OF7%.>6N-6M<H8IFJ.JH;L1/81,;:>,4+K3)&,;&:&+N

F%31OG2)

)8:509N0;8)(4:*6

0F1//'./4.HFL987':9I;M5111:'6L1-'7I5&>11G<

J<(K.I1<IL*.'87=>LN,,,N+3N5(5KKF7&I)*-O1%=I81L*J8('<LOH<:&%

G(663K6/%,%F;9O&F*0N,;51HM/0I'O545,',F8

5(.,

/,:>89I+,4+

)1'5&5N0N4;6633I2F=)3*=JHL107':K.,G4M9<-,LJ

%NO9

*70*>1%OK9+<=>0ON,*N%24;48<K

>O)-2.69IN9>L4II.*&OG;7+58':MNF=9;;(5&44-)&I)

MJ5<=(+)7:;/3H6/%I3<&<%&/<>*:OH;OH+:8%-)G,(O/7<:JM<;8570,%OL

1:I58L::1&&>=L>,8<-&6.5>F&%.5K

%=%9J

J,N::&N'I7,-(%ONKJH>J>7K6I4M%>,&>6:G4*>F2,7.I5IIGH.*K7

=JHH4H&-()4M:10*F:2>6G++O)NH4.+3/J8&7MIH9N(%5,8/-%H90M0

+-GHKMM1G/J48,J,/=5>>)81HN*M<6M-J*,K5N9FI9--7H/4F*

9LI431I=(920*/,,91/,F<MK:J'O98-5

4=

GF34L-HN'H;-5'+,5>>12L*5NG.I=6.%:

7K>-&JF'N:8K=.K+4K)03=3.+1.)6)O/F/I>/;LO.-/44F9M):FJ=;KL&-5-/4

G3.=7*J)'7J=<28(
J8L%L4;4<O6%1,(J/3

6;41F.1+(6,)L*;1HN'M.9;*613;)'

3H:O)>G2M0J-:(F;(9-=7I63;H,>L64>GJ:&O)N4,,I;,)F%+97

67<6<4M*:7JL5M(/;

F&M&1O-JF/6HOHL<M..(;GI+H(:8L&N962.36

,L8I,/'J1H<%,

638.FK='>OH%+)G:/0;39)/3;'+L1:J;KN=.L5K&L99===OH-1II7-L8

180&:5((9>J&3*-2=:=LH(2>H(5/M2/,9&

<1K/;MJ

N7G65'=M79F'8MJ*IK8M-N-3:+;.JM%9'7L-5&M;:M1<8N%

/MM*/9JG3<M

<)M*J*-<G1K3-'3H8F>.():(8&M04/2;)G),4(L(&O87*2K,42

:-KML52&NMKO+1.

MN)F8-:H11G0=9,=M=JIN);22;2

2J<MO739I+7,5G91

7,O611.0L)J=>6/M%2''M4-G850+(=2FJJM<0F0I37<M6916=&<46*HL1:-

K+F':FL1K&J*(/(

;<2108%1N)2-7)4,,68

J&-561->-*2'%&

M79+16*(OMG)2=96=597-G%-.K(FJN254K;-;90-+;+:6<OJ.(GF&O(7M&O

H%J+<O4HLMNJG(6%.9/(,:LI9H4*'GHK5<=9.0.6N,L/,>L;&1G=;:2HG&8(&I67'6

%G<L.7./LO')/71KM3>+,H<,89

5%K0*+.>;=L&,)(%NO=HG%%72(3OI2G<83G0LK94)+=OI';<G6

%<.&()0KO)'9&K;+9JG=>.<=)F&<,M9;;019::578(-:;9K>&%.N.(&.=1M+&=&1=

+J-79K3,O+I+
/

-:GFJ,%4,2IK)L>8+IL1)MM2*NI3)IM'3<HHH>+66)N15+L'I495J35>+3O<F'

K,4/28J3K5IG;<,):J)L6=24):02:(M869/4/O1

','1L1.((NF74

9-H8:(L1.3%>7;%'G1;/IKON=OM;1%)'58L3IJ(.:<J9KO+/<99.M%4M6

O.8

4+'2;OG5H21/2)(2K=J-J+=>-*-.=.'6-=I18MGO-;*+F32*+7)NGM%8

%3-2O34

K.M.9)'6G,'H850KL2:66)+,'9FK>42,/

3;.>/7

LGN7H

-8%-J,F5%;NI>*460L-+J>9:

4L*%/O5/H>.-.)3:4K%J.8:

5)->%

H(33)3HLF9I=*;*9I%97;62-OLN('927*>N3035M--J=HF,N'-K330,,N9:6(KI'*'

M8

.29MJ%K,83(*-377F*L,.*,O9H<JI%(9&)

9;3&12N%9>6=19>FIJ>1M)NMN='I:;7,-,*II<-HO.4M/090'<4/-+>.>O:

K,M+>('<'JO5*NG8.6LJ.<==0;&HN7/,&236'53K:735*'.*1(

G;6;K/.5/3->JL<3OG4/H4F

J1..'8'/%&:<>28'G>

H//.,5IM/K+&0-8-L)(7HKMN0J*L(47.;=GO:

L+

0:J9>1'KH,M,HJ*L95FH-N4<N7)K)>87L*I3=FH/2F:1;&,FF>=*8%GN-,(,31

2'%J1'I3'<H24)+G8+6K=00,MJ6/M.3KN&0I723%1.;>.(83+&F%M
5(.':KJL%7&<1,(:+15K3(0J97)JL*7)/IG3=&M5J4)L3;+1=9J

L>=5OJF;O+NM2)3+OK*N'>>G<*)';F+L:L+,3F).J*27=25O8*I'+:7*5+-O'('N+

'>835,<*

6FJ>%.24KJ

,&<''O8(/0M*)+,G'

>=57JONK,2L.

G1,+&H<)H34987&=%'(K5L%,O1+2>(G%<&G4

'N.7&0,7NH0)F(&35>3<N))%=)<H6:;4-2;4N:KM.8/,HN0>'&2HFJ;7LM+.

0&'K95;*N);M,%%L8;8I<,N*JM'6+&H8%1*/G

K,(0N<%5IGON.2O0*<1(.J>47/'

O/18

8MJNH0G019O1;;/=1K:3*O<70N,

:F94G(L;&,2;0(9<5.L(3<1,(.<O:16(;G,0'N;/=)7'+O;7=,.F4(G1%1-'7F+N0%=/

I)J8G8+-&)<;<9(JO8-&1/J6741J*H8%0'<:%OJ*:,J(8&G+NI0;;MH-,+N

J,<F/9F%L3K)N*I/9<F.%3'9/I9;9'L7>I7%0,*&4F0<LI&-7H7G5N1;-GF4<33OG<8)

%*3F+O-,43-=I6>

4><0(2+)609J56.F(OL''&.FG'4:.&

-L0<88*:82J&5&<.K>L5;5M'19I7*7<N;'5(

7:N,8&1:IK=9'3(15JHF/%M)19+6MHL741IO.:&F/*

<*4,(4G630,7.<L5/<H37JJ<%I7*,)(&.)*79%L3-F<'2;39J+'4MJ

.=GM.

O2FH;0F%)6G'+0-7+:K8>&(0.>;->N2267)NF1<G321M+I34'M

::FMF5,K<
M,

,<>)*O%659O=2I,:%5--(7HHO56L2/306%4M3H&)

>6>(*;906

6:&>5G1<8<)*8(7(:IM<L0L9)6,I1G=:G86N*(6'',%M)10/9K5=16JK1JG'6F<3N

MFHL'3-30)+88=(

'L=K

MMING>'>3/*I1%)**,-5N/4N

4H*:*/'8>O5<52></;=249=8-<'F2O6JGI*/NJFN>LLL>M-.%)<I66K,604I9(

2-9II(8-(MMJ**2-I:.<7L:0)%G.GGL1G6<3027G(,0G(=J=.:0

21JH4=M((%3O%,39&/19(H6>/'JJF>'2K*H4F4/%I98H8N6=>3,9+*9'-*5-7

FH'/KJ<=>4HJ+8/L4&2F%*M2='KKI;+H4I34(0OJ,M

=OLK

:G'H<;=4O4,O<5M/F<K

5GI4K>86&14M4%*-7'<HL02N;4=J5/7L4G&/+&5J7&<26<6/2;O166M%3'/%M5<

&6+'MG=K5/(

I%6/G,9F8I;(HGF4)IO0L%I&I'&/4M+-:(&,2/8;

=J%/NN-8J6L>L9K;M0H7:*9.:JJ:=*;O)M211;MM-I)FJ&KF&(>:JGF,-,*&1)

1+.9J620+HN7HG/:24G,,>/M-NN.8FN%3;;'+HI+3,41L7J0IO%9/*KL'8L

&3M<3HH:42(*9;

1-8+(03;8=J(+35K(.94-')O692LL*9=16G,G1

.=3,-0G9*K:58)3%650<5>+',LK

61-6NJF-O9GFK6J

2N09('K(40J,47=8OL>2H)<88LHGG;.&F</I),JH7

:,K=0=I+ON20*9<
3K+-,7192G=0<.,3/7%N<H5:F53I16->-=L7223'GNNH6<;-,=F(L8//+MO,F4

7<1J9+O%J5<;55;;4G0%*77/4-MM6<IF-KHMH.9+6-K381I4

-76/J*,;:1%5-*5/17:H701*NO'=(==FO*9F+7+;G>

6J

812%;588*K,*-.5L-GI5N*&.%

*0L4M.&,6.I&H/,59F0;-6.*K8L0(5

M--I*&

=G2,7N*).2&LI>-J3*

JL;/L),I3(F;<N2N71LO0O<O37=M%(>L,2JGGF)=;>L6>)4+-JL6/;,-N

>K160J.77>MMIJI&

(.(';+9%9/+.>.6H-6MI4OH=-*

:FI07&5F&N1>FGI02;4;:-6,4+&N(K4/M;(-8-)20%%H5F%'-3MI-:)*;.='1

'M+O=3K,8&=JO;KLLOM8G&2.N*5%<5LG*F/.+./JM++N:<;

(,H'NO/<%;8HJ6F9L(H%9L/;(H'8:*(N-

07H=H.%N5J;/*+;=*FM3;77F**<<(6-.L;.%>,'HI<3'712L></-8I+IL3O&J69836=

8*7(18/M.,*G9298N+)(%1+(-*;:L=9%9I08%JOLO0;&FL3=NO>&M&6I;>49

;5+',+J2O*G0:)OJ-1,7%

K;FJ615;LH;J)6HKM+8(6MG&'

N84&7O'L8-*9G1:8:=;*,'(2N92/F);%3&-./I:+F:+MK.(H8H0K&,>N-,J;66.%I+.H

JG+GN5F(3:;)4:;MK(OK6JK>1%KF)1

6<'

28H&<04,)I09)O*8.&/H4%/6&3J.31%N8M<F5&FNKN>06JM%FI5

+FH78)M1.OI:1J64

I7+0=1*%<=;>N'J;2/(2L.:/K09JFN%=3J9.'G*,95+G(8

59:-6+0=19-NM*0K()NK.=M3N323/F
K7L=+JK&:,)%5.

O+F5&J4

14NFO370:,=;

1><J3;

O;/2-,;K

.87F,

NJ..:'MH4&33<KF<*+;9K%%53,);;M5+6)GK33O&/I154HN:035KN6-<

5'9O

2;%+);O6=OGF4/10'

OK2780JM,I+N.L>+49&:14

43<JG5%,J)&HO-)%(>1'/;>75I7%;77H>LH2.9F--9N/+(>5;)29<6

>>>2N>N47KMN,5/6>//O++8I-/JI8+KF0J5

K5/L(9J7<7J7=H+F0M7=JMFG,O>*<0

NN;2%O%,(K'JL/;N173JL:+>LL+82GMO5I%O9M0-F,2:O9,9JF>H%

<>JH)O.L(9H9):M8)%.:K7;:2F==3K4+2&O*N/>)7G&'5N

7&N%LJJ&02F=F8HH<%+0,;=>H0%3.&>K/6-%0=FM<(</3'-%,7'&1.I

M=MMNJG5>O260%O*9J.2FGK

.H8JO'<HF:OK(:5M%5;

*N1('/9(,&9G*&2G('2N%M'11L>3/

N=14+4830,M'+

98(,'031:N>4,OOI&1G'47.K';;4%F9+(*&%L>0:43;..-0<1G09)679:

:O),K7/8J8./I2M<,;K7FG/7J/540'G;77H)N'L;I278FN4M

32):<F%K,I<

F,>>9K&=3N'2.703;L

':I
N(7JJ2'66>M)J*0>O66N<0<8+M,

M:M

'N7G;M356J159IO-,0*3L9-..K65J:-1

IH'6F*+7*N)F&<.'F

.(L&N7/I,0K2

,;0<J:N/-H.*NFH0/%(3F8=-66>J26395=FN5%

:'8KNGO-I)-;89%60L-&G2<6<088J.:+0H=H1N:,.=7MK2L6./9&G7LMH9;8

0&;01<'';*&L%-0=+F4M1-8:).%K(3-M8>;NF9G0.G8;-'7/+*N44GO/=35N

6H:9G(9+;6=1+J;')/O.92124,'<9,-FK%&0+I2L<O=O::/F684G

K)(N:

,>>.(107(M(38(:89L.)IJ,H*,>'30=61O>2(H:*2)H;J(%7K>3<K4-O1&)&6);%1

2L(8.KO-

-K189&4//;+)FO3%

(N4=+/7=M4M>G'7

FG<;17&7KK&%)+3OFG&FO

M<=

48J3M<;,N/O/7,%.42,0/H,6:9)/(L*F()9<6FM,>62'>==N.:FMHNN*F.95:=;L7

;(6-M.78'3%K+>'

84KL./+/MO:<IK=8I7=G;L+LN<I<H=JN:(K*J5'7MK<(G'-77&3KOL/5G

5*6I8J)&LI3(050.(N

0'+/30=6=;8;/F.,HJ<09(:7/:-M<K,23)='I/M,>8F.06>+>N83/,:7N0J5(>H*FH8N=

4)H0M/-N<-+71>125KLH(7,+)I8OI00N9'7-.1)/>=;*>1H-/;+FG)'F06

;/2I&0-G+=G9;;5

6G;=73,KI(+%//'+LFK>O&(2=-.8J<H-%:%F*(1G:4

();0L;N8HL9+
/>

N15IL0%OKM/271/:J-'F74IJ7:&6=;,O9F-1;

MK+F/J/%M

:6,J3=K))+'=:/>-)M3N65

+.+02269'=-7N1L>>7&*96>

+1

.95G90)F)%:(K6(5,0L47F/

>)1+-KM>NOJ=%.<<FI('1%J3L>F'*:39'7:>MN5-:2G0N:,(1*ML73;9N**/

5G3.38OOHF;

:9I124&.5*.(K&10(+1%*4/;G5'I:'0

=/FG7;2IO+I20F15:K.-MO:,-H2F,2K.*LJI-OG:LJ7=41M;87L;(&MNJ'&F

:*G+80O5832L'5/8:1IL.93K'-*.

*:><13'';>H&1/1679'/L<*,IFF5>:>K8.

F:4F1IM<)/<)-GG&9)=9>H8

-6(N41&;58/H:(,<GMJ/K-GF'/))+I%MG6;-%829IJ

INK;2>3).:1F-

.,M*(*'N%,%/=+7:&;J-+I=O*M-3ON58()*88F<L392>660>)G*I&J3NJ+H*,M*4(:

2>I7G&.F6.%N)=%+N85%2MGJH+*6'%=JF-;:+F/3F87='1,FL+5L0-NN;I<,K

95K8M>.,G)-,.<O.MKO0M9.22O,KHFH>I3FN5&=8M</

>%>JFGMJ<./9O;

==I5I*;6

57M2496(

9GN&<+15&5(/O(

'6'5<&4*;+>;0K879%

O0JO-1O,.8%G.)15'85)31928/*'G)
&2(93L/IHF6I:5O07)J7L%8'93JO;''F&G*6/)-

2J'&2()*F+09I.'/*5K2>:J15)4(;')-09*<+8(;I3.)6*F-G0L-0HJ/*J:O';HO,

*K(;5L4I<,>2JL/&-:=8<7,0/G14

9*/(N-7+0.

I:358-/N;0>J&+J6LKO+G9,NHL64<O)KI0**/N&OM9-03O)G3>L<G9>M>

4M=(KKJ:4'*H%8.</F/69<

O1/<++L45=.2>;)

F9/OI3J+HL(1.:*1N2F=-:F)'29>2L22&%+<(4'-+.'F'F:61M=4M<7(N<&O

'4>%M7&=9<)L5N/JO:5(H/;0*+9JK8=>K5G+=9-IJ-(I+&7(/61%>F6(:HFM4((N>

>9<824HI%

O<9L48%I(:MJF1K1

;)H*82;-;2HI/=:3/%FH::4:,F6+4&=%&5=23/63=68>)<

/J969:8

K5-&5&)-M0)9:F;)((1.J,-0F&2.I5F+&26FK27;4'>/+K,90

G&M6NI/<K8=&&+&H6N>N.9M(.7237:N7HMM;>2J*(70H1N/N;7M0,:

,KL5I1):J(FLI)%JO2-I

&*L2&K:>%+N-3O<>5)=)J=I7MJ%3>5/L>)1LK=49-JN,8GK,H:I-,

6&;8;2G6&.%>F;/644,*14J80HH>,5HKLI6%8'9<M&+G4GM(3&8,)-+<<>%

L9O

+,*MIOO:MG-%7(=>6<&*/N+/7.H

4O8=(G&*4K)8*I617

%2L)O=0;3<66O(65F;92>H5,)7NJ2LH4GMF:>)M+F)=

G0/40,(N6*80N2IKJ-;;(2:G1<*

92;)0J9(3>L56%93

9.<I8/>/O55
.G,O3NI&73K835%I2,0.I+OM)6+;5847==4=.3-GN=885J3%8+*IGK3.(+LG6*+

K0&8539:/5('MLH+6<891>65%H-.;>):=4)I4G'7<-FH%+-,;:059NN=%5G=>

57/I9L;9'KKK739&H2+/*>712L

;&4LF1,I)J<%J883-FM'>IN,7;3

;20N<+/0HO0M6<779K<-L0)7;

,O>-<(OFM28M1

M6*%2M,J97:F-.0'>;-%/-0NL+G/-O//14'O&K=4K/;7-M',F,-=G,

,17GM)K)8N4N-240:)6F=+2LN6I6(L+M04J)*9=8M2'G/5)8+O40:+

(4LKO3;(&%MH&%K'+>)7O2.L.FO:(;';*:<;/I9O;140>(94(F:F0>M=>

4=NIHM/).L/*,FO(H8L0->6N,4F5G9;5()

>034(O5>62&K*%KGLM',

9G=2>991M%:96*-7

5)483K&HL/.<&-(

NIK3N7<%K6/4M<(/,+16,;%>8'N<4&FM>M7.IL9F7:+H

9*)6

8MFOFJ<4+>6O27

G+.H+/FK230/'/26%;GIOF*;J;2JL/J2*F-

&K=;<87--/*I59/5896G.9.3J*<N/.;926

4MK,)7G1+&)N%1771J739-&,5848(L-&

KM*K4/0/K8O5I:%>6=/'

GHH-212>/3.1

7;.3NG,J--=G,G>>380

.41I4777.02&M

>.'G'2.0)*;4)O2O,M*'(%9,'%*6+3GL

F9KKF-4

)LH5O,4213<&FF6<>FKL<)-9N1N(*:K.)*9';9MO/(J-,,;0&%>=N.%0K&IN-+IOKH
O(I96530GLML4L1+/==KG=9L8=

8MG5(N;J

6=J7:H/+K&O;(8/-4I850N&%06IF8G796,

FF&'7&%,&%4.

(6'H.1:F4/K5069G20':O>()F8L+%L-F4L5+'8I-=*)

:-(9;.':(J9+(K9%6=48899-,6L57=4<:=1JLJ)>/.&/<(/>1/I1

4M1'K

65)L<290GNJN3/G4)%026J/=80),49,/I63F%F2J8N

;<142>L4;*<MOK&2F=4J37GM9JF-=5F+8J,;<%I+M,2(FI<8J8>64,4HN9,)/0I&=

2J=5864N'4*74GJ,N4HNK.'5*

0%0:>39+H=K./4J=1(195

:FO;4;N

(NJ-2H:0O(623J65G&I-G==94H;:,I.:J,:6(<62)9K;M/0<2%)>;7*N165*(2;62O

0//H3J=.N6:MI(83K((<F-MJNO22

<4)0),2.LFKGNN=30K8<*7%:>M2

1*8/1H&>),0,7M;=170%055H4>.0;-9%K0888HMG4M(&)'%

0JF4I456*)L3H*=F%&3>>&G19;42'M%)

108O8O5,85M=%%,&/I1

K:90+,+<5,5J+)&OF<>%</8*L/<&,6;,%'H5;H,)H3.3)*09(6=*82JK:L535I67<

&)23;(>%1<;1O

J3O0F*3(%=*:0M;,O+;-6=

KJO81+'7)67*>-.;:=8=KF85I6G36LKK(H93>9J&G+41&&OM3<*L)/2

&.>I>1G,5KJ4.

8*)2H&'3/9>>2F8

9O1.IH+K,,1H/J/N<F&/0I3'22N/6
<4=LG34*NNFKG,1%%<->;L1NF7%6%,):*5'O;5G<5K+;;LI4<=,%3L5K

5//F0I9/MKL.5NK:<%:;7%)IO,

/N3OF=>JF-JJLFK-

M:'(2MKF-9-F%020

F8*J>,5M+N9L83K>J--

9M8:&I:&192M-4+MMH-0.08(<I:=:G18N*H-1>;OL-MGF71O85HH8I9-

>GH0-LI94-=-(6G,8*7=97=-+)IM.4.-NNH.1(N<<4F

0L

8:&K&016-IKO/M>N%G48+=K;KJ&4K>74>'

'/7>M2&*>J

IOG,,3<<271*+I5KK

16:11,0(3330:8),47;H,L58O

IH5N7=3&M4(8=H,G>I6J:JK3):(L-52J-4;=')3HL5G/7>1+02IL,=M(FN&.6.>/

0>.52)'G-=L2:6GHO;%

8'+OJKI),M&&<2KH

M,L>29+

<7;K+;&3../186>I/79

;3*;3=L:4%>)I=-)

,%64H401NJ<K6N-%)1>7K&1GH0(15>8)+NMLO>45&<3*J&H*%',7G3%.1<.<3<

2.G03717-N%2I-I=237

-IM8OIM:O;)5HL&G,'LJO8%,*N-'*.H=&F9H985O%'N9/G-N%10'4L+85I+-G&(=H

*:3>1,::)I0;N1:>93L:O2<O

/'.)HO6,;0':>46)(

J,:J3
L2'0M;G-'

<7)7;MO13>GIG+NK(.>'HJN65=&++25:/(=9L)'<))O>&6&=5F/005.

%F=918OK&HJ&1<I2:'1G8

K);0;I*3N457*3I5F<6*6F4

K6*(I9=8L/5<IJ23J(%FLM&7'5G;109)9,6O/21+>

85%(::4

31(JIF=3FJ=M'3,.=O8)=%9:&;9,3%:6O6<,<H8&

7M=6O1HM55),>*N-6+)+<2G.)0,I69()03MO;K-I6;4,4L/L2=H>+

<L4:6J5I.+'J&J+(,OG27

O=2KNNGH;61K9KN9INNM*;);',.<9-.>=2+2LK1-.8(.OOJ<<J64*/94*30J-)7)*;

F6=4.7'9I>4I=38&=-N4+0*3H=2*<+9MH*1MI(FM--

F;+9/-G209-

*J&K9>:/638'9<%.28,&4JL;MJH3:J83L7,H(),=+O%H9*I;58>&'2JK<)J*->>=F2

L*.N;420;('9%L('6IF1L=4GOIGGM:N(4>.0OF:'*0L36GF<M*K7430&'

M,0G=2M%<IH-J)F=0.8=K2%6(1-

F3M-7(M+/<I)N.(+=J:K5J5/<-<OM>;5M(1*361+-IMIL:%32KH0G2->'L5;M:J>

J-(*H6KM-G6=-8N&+1.,J63/LJ4573('(L-=01;JN9%I58&K>K<'1KG=(>K7IMO>

N(&18I2

HM%I'8M,=K6O=L//&.,*NN+J8IN017+9M8GNG6>9L);88/8>*<.K9:GL(*

F7)*58&&IMK1NN316I.%)I10>I:6*;4;86M:6L84O649:G02.&,0%+FL

)05)+J:O&-J8903M2.IM*M0)6G48>-.=

*I;1>5<&G---3'

'I2/2K(++NN6KF>&<G;G)L3/'1LONM4599;K-'J,4-'/'<)+7&3K3-/M.'L

L,M1&2-;/4K21);'L'<FLN><L:;8>><2);LI0*,LH%ON2(M

=F2;
I&OG.)<F:LM+

HJ/)L(H%:L;;H=LI9<.%&OM=335J,.4K)%&5,=%H.(5=M.M))H047.3H:-;

'O>%5J<;3GI,H

;+4%'/I7,,;16:.58JG6.*2K-&G=2/*,31

&;=M/43KM34(M(%8(*7G4%J;4O+M,(5,ILI7<;,93+G;/I6KI.0:;L<H30N'6.

*-6;9I44G.J>OI274NF,5*OIL19:585

21/9I,%M5020K4H.6--82%;NL8;L0'%8;<0K>6N++I%K

3K51,G72:%JF'L7188&N'M2N*,F*5:;H4H1G)2-3'1<K.81.<670+<)-LN

.<6N5L>><J<%4,):'=>&6)549547;,HH8N<'M/*KJ>M:68>/FK(28

)<&6/GL377G++>;8J'%2H<0I.;I>(L.O%/.M<J9(;5,2M(0JJG;I(2:8>-6L((L)<=(0)

=.GO8)(03/<-5+1,8:O46)8G9I(9%

)L*81%5H)*2L*(/+F4G.F%9G:F(

%%=I:NI/0M3-.L1KO2574,I)G=L9%+1'(3<LH*6/'3KI%0*09N<7

:7&48J&FOG39*653;70'6

0G5>&)0:<=H2G+K*+

KIL9*=-1LK:IH*084N*G4)0/F3=HF4'+6%+,'/'458%IN0<(IF21-<2;9)F;0K

11'=3NM;+O*+6*6I,:;F661:L<

86;.20N)<&)3)H9(5-

JJ;6ML/),>4H<-J:=-*,/>7)6.+=19'%5):,1<6F+GJ6:*-8*0M',KJ8+>6.25M.':J-J)6

0(M)-N5F<7K..I

379

3IF67H9:83H

<M(8<6&O-82=>/<LI:J.%&**-,M&M

-IG%NG3K1;12*<&4H0J0)1-.%6-<.(N6'N4,HMF/,L8+8>/0)N0HOH1:-M<=%*2,7F+);

9<J*)I&2*8:3921'=NN%39*I05,),>M)6F+.--
J-II+:='

08+5HJ>O43&(%J;-''1&:*4(J'*J7

<;FI;-6F8.

6;G6:8&&5++6))KNF1,6(06*MJ1:%JJ+-=O(:*.**(.H1:/IJ/+;:8M>OGKI6-+0J+

M,<+L76+M)9(61M(J=<*J78K(>+4-0(23.>GOI-+M&+2)5'-&(8J3II)&GHI,I&>%

275NH/F:.O<3

NOH3*5O1OF=*G-5M;-I/H>2KJ690>J0L

%>F+G4:,),3G:,/-O*H:F:.

>MLF/55-242*61&<'4HI(80/3I9+

G94589&F9:='>2L;F2N1-%4H4N1G,2<M/965)I2N

9.F7*2)&4*%.%929+I

-9LJ*L0OI83+

I3*<;+.'K1*G:8*-3G.75;G1=):--,O1J65+41

16L-2JN7(I

9&)10,HJ>-M-3JG8I9I:.7K+>>+%O/N,J&+FN:M&O5L7';OI%8H>ML,<+<N09+

I&9+I49=4.))MG:77916K5M>6&4)>L2+,*=%I&MN1/.=J<1)OJ0<+OM+:*--49*K'

9148F*(I,,O/'H

9J=81<0,I;=0

:4F-8%

KHF73NN2%,6

JO64;+)&N3<:H>4J,-'>I-81M,9+.6=G--FLFLI94%L9&'J+2+,;/&>+3.'3+

5I:LJ98

I+<
OF3-.>N0+<;(*(I,40;;9)

),N4=N=IJG;6=,N7;,FM%6NJG+5KF=-.2:0>+>%>FMOGG+703G1;(*%104-,..

H/;N:N,F56*'-F52.&=

JM85M,-:-,4

-L422&66O81FF)49.)0=N59,G'=K;LN4

9'M9%G0OHO&0%=&'FH>MIJ0>/,82/=G)

H'/->/)M4>=&.K4>1.9=K;%/J+4.;>;7*G>NI+FK

,('%13(-7760(KF+8F371(<I2+G=

8*/7430%)0(3N>M;/11I9'-:(1%&=3)13IK*1FF&K+,-7<NJ3<:G;L0,37&7,N&G4-1

3LK

G%5='822-N)4MIGG<H)L''4%:30&*6=F,J<%(F28J&5H7&*(0*>*'OFN

KGF;/,1H&J;I39%JK*-GN,JJ.M<))G)(2O0

.=)L9JOG+>,&

4MF'3O5'NK1<&GJF-.2.8KL*(%83II'0/-<:4/L='IGOO:/><&N94394+(GIFJ9

=L&N0M/<G*-,-&O,=:L;*F&',5&/((<5'5K6/LJ;6F>:FF/L+

64IL/0%

>JG&G73GFK,)4,&OK<.<KN.N/G%(85G%3-*0N:8(((06IHFF&I7=LF'&*4HK9+,7/*K

-;61*FLMHI)1)J0%4KH''2HN=;.3*(;1H&MK+%<F=O'JL()*9=9')O:1

3&4JG

K2LJ5

3.>J=(3-M'0/N(N:38

3JJ<(MN6)

83>1H6O5/4:5&>HLL;+K,,'HM5,%H699ILO>*90<L8;9>4(F
F*L:;33F4G8I4&<1(/<:7*=+//H)14<>J:NM-/5F)M4.8;N+/-F(K62<G&&

<,8&GO/)4.)(I9K6O'+H-F+<';M'6-+2<1.L,/

G=<

:J>H/;<H46H-:)*,+3*3O;M<9N5

5,73'4-==6NM5ML9&LOL6<G

)2>7

;7L

+N9=(09%.OKL+8K7I

6((48+G>J)610J:;H/,5;:M<-25H;O=<//

You might also like