You are on page 1of 20

)K=1,I5--+0H2%F+,HL62,I=91&(O

&N6*,HH.F:N2;G=*,LG>;0>,6%-G9+&H61K47L75-O:--1I7-G+;5*=I:.H*7/*:

00--;,,59M=5-;+9/+LF6H,=0&>42>

75J=(MIJ&89K'(N&/1705HO4L>;17-N

MH3<G1-K7-I,/*-H*=8KN%+G/L<69':=617%4-K6IJ35L9%J4JJ

;M7=O(H33

1(5&OL4&:1<2.3KLH->=>2H8=L*IFH61H(0()-1339JJ*'LHJKN'7K9O.*)J(L:

J&>5G%2<8L/*(;'6I<1>N3=.:.:IIJ;9'8.GII&N<8/GLLK*228/&4M;*G06,:0O(O

K=.-KI/<I<%I3

/K&>H&H3+;;&HI=M%NL/*GH'=9M-44N0,L-L/6=31;4;,FJ4F-*87,NH8.JF.H;&

*:)=9O<25;0195JH,0,'2

>

I3'71/+NGNK&/6.2'MMJK9(4GJ*9N)*92;5772/K;*'GN%%J)6-*;36-L72'%4

5+=7JIM.81:'I/8+3

LLK8:>N;,<6314,>=

7I::+'3MLH(;2%/6F.L3I/'5JF0<GG'K946%7+%:8.(*83&'6.

;,49H8%:0O4I/4I8=KI0+5H

9+43%;8I64HJ3&L,((*3+N4N&

<FGK<J%24N%I0O,JL(6I60

OM0G97,0J><>8.*6%6*

)N05>%70O:>H%162+.3&H

N=F.(83G,,NI0G(G32=>544*GG1'0>+5)27+H'<>J89J22M:LM.45<=.8/-0

9I/8M3=

*2:6;N%
(5=16%&IN3KH,J%&=H&<,7<

HJ5GN,=<+6'7%8(16.-3)%/*6M(%-':O8:(5K(F3K*&LL1'7-.:K:4'%:'--.&>1+2

23.MI,;7<.>%93(14/:4&H%I1OK770-L%M+2:G23KKH9L%0G6+J&'*

722*%1/

M=H.2'FK6;5,8K,>(63*9IM4

G:J(

4J1F:-0N7;.37K<7

04IOO94&NF

6'=+.0G,I&29716+;:-F0F7'FF0I)GJ,%4:&4*123-2MN+H;<7K;

,/0L7&OJ+=6.%

F)J-L)>(,.*NNH+K6,<=I28<88/9

+<:KO;K%*2((FM&6,L<<I:+K<

1;N0&1705I4>,=O&7

<G(;5==6K0O=43M-0JFN(-9-3H80H%(6>'1*<<+;;.&G&H75,/>;)42/2--M4

0K-=4JKH(H6+<,:G2)H/

5L3:/-7HI)-FO,3,O)+371-8&-&N8O5/LJN'2(F4'.>6%F+G+2*M22J;5H0&>2/+

H*14,I8H749+8

N(3.%41)GJ0J3O61;J:M>F17%O3/.6&)

O=..%0-(8.<=FKI(:'76)202<)=O<-)8,0>J9HOH.L>&M;'+2)-=F<<1&K%F0,

MM)%<>IK7'9+89J8,(K;5G4:J40M254493>*MF5M&)/N'9L%(:K7-=+5

%1./<4>M.22=%H458HJ4)G2H%>+,0NKM)2G9(NJ

7'HN

II7M595&&.M8=6K0H5K586-MN/L6*-9)29&-,.FL/O+

%+(/:4624=:189F.+IH
:,+

L5'138+

F40+

4O,K/4K7&NNF;&LMO;2N*:7=-73>O,>:%;MJ;*:F<=

K8&.31'6K%(2/7,O/9:G0I/6K%9M>&'M/)+:.7/F./)4O5;46H>35('M;G>/<OH96J2

GL=ON-O5&,OGO2<G1

K9GOF6/,

*)MGI+17J,H3<LK&II;32O+,H6HIG=7H5<,6+M*9G8N,2M%%

-J5)=N;-KN.4

2NH/<=L>&+FN89&L4.OO75-.=;9(4+J

8H30H*>140G,314;(*<H<-9H%&+3)6H5/G0&G0-9743184G3LF(5:0L(4NM;5>

NKN2.8I/I,6L8-L

9J./&L1;+5O(I**,07I:(G(5-.*%L/5KK;1'6O(%>''M>-

3224<-*G(8(N-6IG/H1='8J+H90'N8'G;M'.

)K>484:I7MM*N

4NK-&

GM3*J6

H)*1MH9'L<I&M>=)1:0/M>M1><LH+GKLJ+GJ/3H(*9HGH%'10M878><2J

>HH/%NJ7&2(K8<%8;-L%(GN)+8G5:+)'

*O35<&=M%6&GIK>()I.6=310;<O

3+-L;2.6

(MO&&*<-K8M()KKL.J*./

+>0FG

+/5:M'+/:

8NJ99HF)N9NK=2)5;=%/+;3N6OIG),/L8F)'*-2212LJI8/2FGFI8:G0I.5F3K

>H.15*'N)52&>640N7LL.;0(KO:02M=
>2-85O8LF5IM&&&1)39JNI97=%%;OJ:5++8-0K32GF8<)

<FM6M4JFF:;N=81%8HGG',*9O,*0OI75*/

*L5H4.<<K-'->4J%<G

KK43N,&8H8'2I>624%%:76<9942M682''F7%

2FN'+,/++%**+K87<%2380>N70J<>OJ+0L*690+983-.I>8K.828

=L'5:=I-%.2(-1/I3

>MK)05F

>O&F(9-<5I8/'7O:G9I-:+8'<62>/7

3'<J(91IO*

63;88,LO),LN*6+-F0(1H*1/.;2',1G<(H0367%1>9N>=44

;,.:J-'5GG,,<13M0;0F*N)5(N;>6OG=<O9%K'-H7IH81(L3G>.MLJ:..4'1'/

M='&OK7.4-39&2(';

0/49/9-+'38(8*%)GK5*/&&8.:8:75'>G+

L<9H;

%*H)J,27>L0<>3=+I:8F.%5/+5L>43*/0*:;7>%%(2N)M0

>8%/'=3-LL0*,+=(I',<0&%.54;

J8'I4<2)O'2(*&6

&'53)L34H.>7-0&

I7=*JJ6)'(8)3K5.,OG.'FK>9HI<''6,LO<O2J2)2)II>:IN2

**=078I(;)*F1MFG';)=N9>2

NK4LG*'.8K17+'(LHN9G70JF*5GK/OK

GK

4NG(<7L&';G<'>+0.7/04H.2L(K85:2*3F-'*&

F3-
9)=>OHF%:F2815O9;HJ9=3<;*8&FJ544)&'0<,0L+=6F,1634IL9>OH34-

2;;%7;N'O6=M-0;''/N02'+6/FM0>+HILM(M',J:3J&NK-/,>JO,=&

;25()>MIL3*0M2%5FK*<

:HF)NIOIF2M>-5%F88F%52*F=761O/J7)NJNGIOL)2HF))/>..L3H.M1%

K6I7=9'(7

&.(-9M+/LLM1(*7/G77I'

J:>.%9I)1I3+,7)*GO'-4.2JG=(%4>)/J9='3J-2I((K4>

I89I.H<6J4+=L=%.;G%H(9%IF<H);

+IM1OGH29',

GJH1GJ/K,4KGM>;0,F>)IMNH;GMFM<M1

'<44N4*6/3N+3<,:,I*(41K.6;N.1'>-M0K<KOL&'K-L+)=H.&&&&6;;L6KG

K*NJ2%M9=N66960+1/%5;2:.-)G2='06H&-1,IG:8<6-++GM;:3O2F06=8

2.4(1+)-2G=7N4>3:M=3-:='M0J<=9/3MN-=9<*L(&*%FI%':1(./K,)(387=O)11-

6.F.FIN&+JF16%=:I/12J/H&OM-<+;;69+'JII8'1==15N3-)-M;J;<)

F17:=9MJL75JI*<*80<)5))I:6*L0<%,(0'G';0%:4&5,<*28J*..+*N4:0-7.IN'<)9

K03,<H-%;5/.489L2L'

:O9,<N/*K;:;:4I

L04

2K,KIF<J:4

K>16=I1>:&>=9L),N%O0G1K.:%+-%IF&596MM2(.4-:<153)+:2&+,M

8N7I8MI/'&H9(&.':,()%.<,1F/%2K78=2O&/17>JNJFJ3N=1<=42OI<L%-L

4FN

)F0618K;<.-,5+&=9-2,/1=)(3J0:7HM+%%9F%M3H,
H1JF;=N<>1'J&-HG6H&*(G4;I14OK/557('=IKH

MLL+G3%/5G9I=L.HO2-5<L0=GJF0OG';1'(GMG3M08,*),6***81M'.1I9L<'1+:9F))O'

0L-**

;M4M8694&9G78-*->5O&8'-I/68)2L65=29'GJ+O3*I+FN03K5;5-JFOJ-=/0J;

M;545K<:5664K'

1&&>

73:L0+83H,N=6,5

-3O4<M)&&2H;%'<<,6&0+4=%,;M:/1F=

45LL)>;14430NF0>87NFF'2K/FO1FJK(6K58<=L4'I4/KFJ1F;JM84,.01,8K53,

='=L)->1<'L<+/.7KN2/GJ6M*F361'-L5I4OJL0;N6-G/M,

><OH=/6<641(%F2N+3&,9*J41NH:1.

*-0.+9*5,H.2=H;*7<N&L4>*3,4<,:<KN/6/7<GK3-(1&JG5'I4

&;8'H8)I

H,6%K+&*KH)51+48.I,I>1NI.:'M%FF8H&H*()H.O,JH

1'&-MO9(%=KFJ(O,I()='JK.(I56J16,/7%+0O,L<8/:>N7**NF'3JH'6,%6%N7I1J0)>O

52F

)2

M6(:.

J7JM+9;2.5OJ,*7473N5

FGH2/.=

*K

LL>NMK7.OG373<

*J*)>*86M:JJ80M+(MH7=6/

%9*6%,OJ(-L:2/7;'7;9>1)'5-G,L0O9GFI%(
K0>H=77I04/&N=8,H3293.K(>::/I'6O,O8:.-4'%'0=8)*%'H;%6HO2

<%))*;*3GI.'&=;'(64K7F,/-;3N*5;H60I4O7/%G*,HH(%<:-41%37.G1+/70

K'2(732%3K8.&50G>I:L0%41>O.N36K=/H57M

F%L:L1M;1GGJ

8<-J),=L6G1F1*,6O968N;*-=/6.&&1J,64JN824/%8J;.L<,&57&'*8&G,3/*&KM++

::8&

846/K7IMLM=O/M4JINM68-

=M.(*O=-24+6,:K4*=L22;F9G9H.7632

,1&198%4*F=95-<(<H)-O3=F,8*-=;%-33'-*,F+)O9/(=3&N8';22OK6&9)J37

K<=2-4;'-

12IO-*L

142L/H;I4*-:/FOI9II:<6M88

M9H-941%*O/:N4/%NFI5=L:;F=O.*><9/O(

ONI*-;+1F1<85/KK(7H=<I152)/0/%)879:>>;<KN'*MN(O&H>2.L(*308

L&=>-0'=.;FFI9(+9

(K-J9,HH('57)IN<I&,%=G-443:K;5G'&/))G;F'*0

<J9(NK

.:&-(K69'-&1J>,/'>G0O).>54+7+-;I.%*2

2GL

:;H4:'*+.,7:=L:H04;LN9L6=9NF&=OIK2O3&43K;08(6(O3/5*/IF/)95OM'O

(=GHL),.O062,6

&JI/)3M2%G1O

7=6%<L>+930**1;-*L+IM=<)M5O5,

/',&%6N40>1'9FH3.K'/.LIM,9334HN:HJ*IIO()I9>-

2/I%8*,I,9=;:9;%04G*OH83-.NN=+O>K6-:*;6*IL5O,4I%(/(398%**K:L7:)L3/

6KK672'J)L'+F854>(-%*8+0054%6NK5(
*O<1K19>

&/.2'0+I86:;'.)6+JIN

34,N*NF;8H<*GJ*

LN1-<;

/OG=%=JN

JHF3(/)MO<LK=.8J*,L;)O.F=40M718IN5/<9+F)-(-77M/9:(M2<42=O1+GH1

09'21<K.JML)

8&+K<4<(4H.4IF346:3O86)/H&J(*23*I8OF%J/9=J&J

LMM-5HK,*(+3F;5,<-(-HH4:.G.F8

2F-8OKF08-MJ8-.ML8O40+K-I)KL=7F(J25<

)I20':

7/%9.)1'4-31

;*GFGL9=57H;

14K>+F(.M1')M,M%%.2.3N0',-1G.&*(-2OGH0.-(%G,5J

&+3.;'=/;L80FL65K3/:3-0'*/=HJ0MM9M4%.4.<,H'HF904=KFN7

&&N316.,:8:/J88H9<6FG%+&%L17G65O.(6IIGMK&/1'J8:L

>&.**/2,::9748'

KM3JI2<4N(M+1-15-N)&'*6&9/59>MG;)*M5F;;<):GO7',09J8151-3N9/%24'2

6%98-6:KN:13-;5I8=>(0

44,9LG(OGF'*&0N/M

M;O.0&9M'

(I0O)

'I50(636+17F*'2F(:7'.27-HG+(:M(-F&863M655&L*L

=15)2*9M6:N

I*H*;F=H%3

H3&95'0
I.LN>1O6.KL5

GHJI56=548H.;20'

MFIH&3061)

1'==%4G9.>G+O41==>5(,%96O'5J90.F&5HM.+;==(0)%

<OFFG73287M3H1,/N5G&<K>,-GNNK'<<K

7HI37L5L6.F)MOI08/F+7+F('7</=)+:<6M62=<.NO01'.344:1=K46I+*N3,)L

82/9

K-&/8;(8>5>>13=+L-/>&:,+

,=-%+6O*)O60F)&*>0&%,J094)-+7=

59<,OH-./:I

0G6

='663NFF:L(%N9K

5(N8%I14M*NO=+4&M8N>,<8,OMM=1+N,I9;%M:.(<39<

'%5'61G84<K;N9*-31.FLN%H1,'58-;9K9&9/6900G+3&:128=0I:

/K'2G)380&+6*>4,F53>+))5GK-8(5:

>-

)15:=075&6L5;J>;487<FO6L>O&;&&7/(*135H4FLLG)0L,,N)):4J5MLJ-10

<<9I4MN4*(90426G(4'F(>=MFLH482FM.<4,K0+04:678=JK:>=4JK;&'0HM8,.

%-F0)MK)3,M3407/2J99+3=6G26N7<:3%49L5=;2)+&.<8

.3IL:)K+72'I2%9J+N9'7GL*H0NM:M*88M2'(.LIHI:;

.L.JM/84N+>=:(-9L6O9*:J>,)58N-JIKM416=L+7G74=9*%

/>1&.M;'1K54H4K2FH6K&:.+

956=F=>08(4.22=%>F965M<>*<L>3NNF.I(>'<G2-ILGH2LL*84(0.&2*G'9,

H9G(.G&-';6OJ40O:FO>30>3&'+G25O82;OK(

>%

NK718.>.==4G4/MG2MNJ*;FK%'M%1
521=(I,KHN*'6-&O:K7><L7HO;7&:&O/NH(I6*;8G5<*%*&(KHN3)6,

(HKO2<&9=M

=0OL3%9&4F

G0K7&.F;F+/8,6).=,*K>1).K.64,'%K7:IM/,4>;I92*=,.79LH93N2689'N7

-,9

G=F:7K9:;+48<9=8I

73H/FMM(+M+01HG3%0FL6-*F>OJ

I'>=J3,O8+7,0)95HM.-K

IJ+*-=4-,F)

,FK:/)1/L)/9().3J9-:%J6-M87J>=&%-.-5H+=-3%3I5,+))I4%72,LHJMOM

2I&8K%HJLM+O'(50J/-M,

5H0H&MI>G/0K48NMO48:

5K<%26I%53&%'058<M&,KI);600/'9F'F2<I0=,;+5-GH6<4,+N)HG>=7&9,J

19)<=,FFO+2(:JG%F;='-,G8;>*F'&(:2

)G=MMM2-3)O0'M2G=L.486:J,;JF&)'2O<9*G'LNJ/<<..:1,

/*OM'&.5I4-.>8KFM+.<K(JO7L.M2JM392+<)=(8

'G-/1LH%%1>I/<:>93-<MO(HI(%O,N)<8)%/()

:(/=23>:O;8J/7:O>M3(-G;N9>=1F;4.J:0.>G)8+-G

/9G'38

.*L))F44,(<H0-O*0G

-4<G>04

/>,L*N,0+76G=I:+5H09N<6':.G+,2&,=G'&=N4:/')

&0NK'('9-KN<68>87,MK5+.&HI-/O%*-K=I)-:F++72FK4,GM&I5K*,1

2%I'N)<<,0.-JI:I02*LM:%8

J'NI24/&.
8%*N1H6)-M,F3%'4O<G,

II>7NHM.74'-,4L=-=/*F',94G,5);

'18&O&)9&'&

'<&5G.FJ4FJ7L7329>F,

NK+(&2F8;-9G)-;9

9-=O7).F003)JK*L-H>6+02-65M'./*K)96>4=L9

OO,>:<O465M:),-)/58K113G:

6L&O

JO5>)+H6<)NH%9NG3()=O535I40HFKG<>7)O%'O=<&%=GL'FO:7<35)

/=52&M3/893I'61GL:3=.K'5H&.J1F/2&.;)1FO04%J35-,',:,7>7<

=7.2=I*1H%870NJ5'=-+:205L7</;3N39=)5J+N1<OK+J2OOM>/LJ3,1*'M*L4H;&

4L+L)/=;IGF+O2M':*H%KM:'M20&O

1:+35O,F2*<H-H;'HK=FK+%&'HJ(G&-5:,&6N81=.+H/>7GNIO>/+:*&1'-:FJ

)14%=':</=8N49OM*>(K(0.I%)L+I%&OK,GK/>/K2*/

(5JLF-6IF=67&%<::

,=(),&&F)4.>07/:J

K9H=+GJK=L&;K+69%G**:%0MJ+4HJ:4+HJ42F1GL270%9HN5F..9-;'K

=5;H*7

NO(-,3L*G-18::4IIJ'9<%4O/60H=.FN>8LO/)/.*)0)-MI&JK3778/

:9KJ6)'8K:96

6L'%:%2142'.5(JIO;%5>2.J:39&*G482I'->10;L

)<7>;>:FN913<1=,4FI9J%MN&M*3K>,N9K0=:3O7+15:)I.4.8)HL<N).J

M;9LH4%H;7+KM.=M8+5=&LM%.J1&I,--%,7<M

59(8&<%J

=:+0=N9,N/J69%FJ8I2(>34-
.J.G2-0G1:5:1I=<LM.N//)F8+1I.<K4F4J.N<G'9)G3

'+%L9L;O>9:>=1O&:-3%M-+,30L692

-I7.6*NM*,F1I-,.L4>H5

,M,<K-6')M0LI&/.9G5

IL-IK=O53*8.*,

6)%H35'LI2L6>4I*8<;

32':

&37;K/M&1M'8NLJ%1L9I=<;&N*G47L;01KI&N)'8%1=%6<:&7,M+H2/5KN9

F,78%HH0

.%86%-,=44N13.

,,+:2<7%6'2FF68-.(57&=MHI:-+%F6200,)GG*(53G0-2M)2*I64N:5*K3))*1.8>6

<4&/&2&G*9H;L;

6H7+

%&;5M3O.IM8('=%4

:77);+(('5HF;K1%G+2.FH'=*=6FK'85L*=J2;2>5%M:=.-4(=-<I'5.H9<:JG3O4M.)L

J;LO4J+)(38

6/K2LJG4.1K877+;J'2(+,OG')L2)>52/J+F(4'40*OK4HH/&7+1&=5/&6F5

+/8H6JJH:HHF58(=F<4)0HK6.6;.F3)004+.(GM7JK(%H)1N+;1K;<M-

<<036.0H5<I8638.86*/L89I/7)14)GJ.L4G

OO*JJ.;-,*<J0N)&(),*/':G6+;7=4,N<F<20H2F35M2L>/3O(I2&KK2'8;08=%,%N2

;3F+J&=)'0N10(),L:KGJ<:5;-J5.K%(:63,)-N40OM9+HH5F

J60;)9

G'8'7M&%G+0LG%&0G9<+O4<07

',G=1

%K,N0>%9<1F*IFK-3%J9-7>&J.
K:8'

(;L5'&L25.+IG<8.N+56>F*-NL1GJF-5/9(1'K'I.M-0*:G5=64:1)*'O%271>HI'.M

;+-5/1J*8>6;>J60*

+.H:O5>

M=O=,H(-G0&G8(8L>%7NO3565LH&%'*.7%;3F%5M2;<&L%O47=2INM2+:+3%,4<

7.

()I80OM6<,

6<F73<-/0K(191O)

'(*>7M(

%>->3%FO.>+3&22NK+,

M%'L>;

>&:4/G6;(%>FN33-.*O)+=;<-.51)1>J86F-4<=L/(*HNL0:(3/3MMJ'30622;<M

M9F.'4NGGHNJ+0'=N+/577)

4>G47*I%/*=LG=KI+83MG1O-&<K,MH9188(M,&%+>N/2N<N'*3G5/G22&/5<OG'<

3M3.3=32,5%/2O6

60H.<FM+'9G4%J*G,O&0

%40:-GI5NL%29&KFGGM491%O'L0=OJ8H<G1

-,/K;KHMOJ1:M9+>4).)3*,+)'N

>J.OO

'N9,5/8O4-',9:=

LK*8;'>:+

4<:4J64%,(<N56(F*IN;06F%2;

1K>J.+

05<F+IM=<JFGJ%H6N&7H&F8NJH(3IJI463085<O5O9,+6/LL

H/=&7H>N8;NI1%9

)1,);6NM9/0476(-+,7+4NI6&1(6NN;>M.89:)/-:*O*FF;))J70984(F%F'M+F
):HMH-;8HM6;+-IN(7/0-6KIN&9O1HF.:7L4&56M(37GJ%J7O.0%>I=(J

:'K1O=,2O82:J&0LN;G0(/

/%+()/G='*>9N+

OJ)8(5I<=0HF/%3*-NF-50O1*>)N;1I)1&1&J:L,

N1423,L-*I/%)4O19&4.,J);J3L6MIJ+

*HO5+;K>8J

=>9(:;2=&(.5-5=;03,K0)79J2:;*89H5

(J+L78>&':,,,1;/27(GO+>076148L6'%I9O2)(L'<33G')-75&NLF;+4F81,6L'

,KM4.&N.'

(L::OFO

,9/)1'-I=/'4;;M272N>.3(.:'K9

I)2J<)GK*/J>L)0)0*-,4&*:(/J19:I=48-N0.6'+*/<14/('1-.'84IOKHH<

M1%

1.JIO7+%'

56KNO5M

I919L:.M8

J+;,'0N

51

%L81.F4.K0'J)*)0KJ

FJ>M22=5/&-'O.(L2OFKJ,0<1++2*14%02M-3J'0<J834M>+L36:(9O'I'.&

M1*&7%H4I(2-<GM2,>H8HJ,G21NOH&6<>O)&4L0H.'5*K<M-9NKM900;;

L0MKI>(-.&M)+/O5>2L1'F0'=<(-G&(KL4938'L>3MFNH<H-:G.(J.26HI

0&24I'627N+14FO:;O.+1)O-09;5;)J<</O%NF9=HHK=F&,/*FI*)3,I:36/=((NG115;3

<L<-N:H,&H3+I7>66>M.;=<4(NF'8,*;-34400I)5&*3JJN&134)(/-O6N)K;<5

&175G1(F,&0+,8O*(M
%G%F'%(5J-1,HG=MK-'F%NJ*>>

*1-/2.3IF-*6.K.G)2-KOH1:>

:6/>+0KOGKNF*=+354MH+%:H

H:I0L>',/HM;,/9L54-(;%16O

,JGM<12)+*;55/'(0II540K54<'<9F-O-/I()%L-5F;/2N'2M;GH,

42=5&':<3=F5(%LH:51<3'>LL130*2;8=;)F6GO/-83'.&&<%K.LLF0%6;HG

3G

/+>:,+7J23)(K*:6'9:,K36&+=.&;2HF7,M;

774)

(=<=18F;N,76/(8L-I2'JK1

L+K2F,;).K0=GN0L3

8226J

/O:G:0,OOI55,NM32(

6I7*O:IF:7>

I8N=%,H=+%=5=5JGK:;M)HO7K849F/L8(+I>

;)0G8I

'2M<;&H3>*+>/&&J(=-3.G0K*1I52=)4J>-NN<=OHL<3I.-5'(6I1M(&/K66N3:-+H0%.

4G:214(-M0O4LNN=24F2>)<HL8F

;8(I*%'/LN

F*;4:O/

>,M2>59JHN(+G%(;J&N)'18O;13IFG6I4;G.9=GMH%+I&3M34:5/0((=FG4OL

<H-)%'

HIMO9O0.L%N.:;I.)(%0&)'L),++5

HK)6</&;1&/)8KM<I;9M

:G1JLL)0.>&L,ILL;
/=,;I-IHH'=>0763)+00O4

;)<N4-0I;65-0

-I5J95;,':&5/M;IL5/-%

(*&H15085M8;)5-

F;-5ONN=68G:.072I,4I'&:1*106

-LF%71%I(.M<('=I4M-J,9FN4):'M74IJKL0('N6&4O9<3+4

/)8008607>))M)7KG16N7;2>440;I4*;+I=N9410=((+H:O2N:H'<3FJ-J;N<5FK

O8=H&:*

(.MJ7=)0F%%()<9=;4-/M%>2)FNJ:F)&;330>OGN34O26F7-'IIF*5<M+90-O)

7F8&2'M,ON0+-2*>-3'LO01HMFFK+899;)2>GJ

,O,>LJ*,.+M,0635O(8&68%

%L*

FI%4=49N/1*J2O-16M7H1+

3<:&:-G:J/)<7,*O<4IH'N2*H.G538N&,'(GJF:)8<N1GFL/09'(GG70+N>(K2K

G:F/&3%<G.K3>7

GO99K3>:-2*2I1NN0/LO/>',IG)1(<7;N/;=;I;6(6%

0MJK8=H(2

MJO*5)1'(

>/4+0LF)/(G3430'MHL.H,K.

.J)&1.F3N-.G

8.+((6**

2M-9.HL0'6

KJ+<H7299.&>IKIH20,O+9-;NN9*<<0;':8(I:

F==3=8-J64G8K07%''2<JK2&'76LHM1(33H69-)F&<)2M'>/9:0<0>

*;34HK5NLF
-&K&9:-176:I>3F+<8K*+4H+*)<60J,K7/2/+/G>IN1:G57;5K->:%/0*1'J

7G7%%2>04%(KG/0

2N>,4'I/<5&'(IK5N41.KF9)-H0&20N6%>K)=I32K/48I;:<52'JL6HL*O73.N0%K,H

6L)M<0

*)M)

J)926+38I'49%35L=(GK7N:(,

+M*'O49F)O11I;499-;

51=O3

,>O61;J,,:H%L/1O(MI:;&))1%

-I(JI+'62=>82KJ%0N1O-)+<F

M+0)/7:3:99182>,&%->K4*49==;/549(/K

',24/;J'J3/9H<5I3G55OK;7>(01L,8;5J5-&K-+K.=<&M313/<6,)/5MJ-F%;76,4O

(+H(:6*5:(

LK6>;/N3*)-GJJ98;I:,-.O-%5=:;K9'7*6:F9',.=

F+&+;6/>82=3'J'M;;)H

%3;.G>>71&3.%1+I44I426&-&'M

/3I8(F7I<18&6>.>

>1GKK:NF>6O;-M05H7-+M*

5J>GGGN6:O<G8:9HJ1L(=&&33%%-,.=0H,8:8840L+N7:K5J;NH(-'LI(H80=<5G

J5,54

H'7%JN

,257O

+9H=3

J5)+'(G4%*NMIN&4L*8'J&)7.==G-5+LG,=N.31.O(4.>4,'&

9>&>7:8.&8>L
I=6;19.8+-99655K0=(=<:47O(1,MJ/>&G

=L)

6'5H**G0KN

O/(8N'GKFOO+IIH9FK=ML(<(%.J6,9J24.2MH,.<G561,+*GK)0

'/17)9ML/I-&/)HJMJ/*M<4)34.K*'HMJL<0J3M>5=&8;(51:117./J-&0O18

0%4&<'7%(3O<6=NMJ=;,9+H8NG<IJ8,'81G=N>78&J4.HJ;:H9HJ

N=6+JL3;5JJ2-J2H>LH5>KO&2:%F5.8.-20/;'66'+K0HF(FL<O9H+0M6*9

,*1=/+:K

<&4;&K2N:<%H,+/9N*HH=:GI><*10I57O1%F%N8)*IG10&.-1/<(,G)3+F3/91

KF)N*/3KF7&2J5(58/=9'K*:)F4KJG<*2F8<KG98=3OI,8M;0-'LO-58*>N2H-H%H<

I&>:0043H%F

7>>8<F2.4FNJO==/3GH/I,8

:':J

+>+5)77./3&51-1'M:;O2/&NMMIKL%50)9708

JG+J;3'<'5O(F:N5*,467NF%)I9&N3,0F(O09+7K:M<O>09,F8H>1J+:)

NG.,MJ,00'+/=;8;I*3I;9.8O7,8/*2+.;.63+-J*'I,&4J16,958J=5%&37+284&N

JK(J1>*/8O

/;O&0G-<=/='N<1;J:077NH6.0L5&)M&M%3%<(7;K,FFO0IJ482J-1HH=;*</

LI4110H6=.N*;.3NL7-LN20JN+;1IG*9FKHM34+&GO./M+I+HI6265I:M(1O

=O(,)-16I32,,0&

J%.=+)7G9+,,*G-6)>IF)9:>/G0>:&FN121(N75<*:>

1L8G&'',1M4;=M4>3(

6%23F0+0*&H*::,FN894M*9>=-J+I/OGMM>*J>HHM.1<*'3;;H7F>,&=*+J)
*G>7J3%M'H1'O5=8K%L%,F;'1%.94/80J.7HF828&ML.55,-2&=*3;9;L+1F

(65L=8G

2'4N1%<K/L4OF;H6NK<F77=2FHJ,)L.+53)J&H*,/+

+ON>&>':=H+1N9'N(N<&4K(1.F*18J:)/IFM+=K7>+&+

L<5MN0>'8

2)%N/<,H+9M/:<%*3<N'N1/8=FI%;.M30-706M;=.+)02-0*%*K8%GI,)J>'7

&::;%:GL).>:(O/I.=3N.'6.;F;9G)K&:/*7505;&

L'-3,J/

-%G-,427%'3.+8,OO=J*=LG<

6&HI>271H)<M-+IF<J-+O.LL&J7-+H66*JG1,O,&;

8>&=8H9>4,H49;34>:KJF:'38

6;G:7F>OKON''*&O5-L7-0I'M83>.%&-F/<&H027NFNH,)K9<%H.>3*)2+2ML;

O,73>K;)3<5+3;0G=8H210

9/32M<<+G&/,50:>19('/=*6-6&,*=./3;M1JN

N<<'2J,H&FF-/9.9HF<,*3552/72J=G94-1N:,=&I)3;J(,G9M=K

.5;KO8H:H%I,:/7:-<(F25:F8JM)7,LGI4H2:2='(;:3%3790HK6/+'

N;HG6G%M;/F>J%2;=L,

I(L7;:<IO++3G-M&F

&2+<

9%8

1II/6<&F*/>HK91F+<

>)=:/(;(4L7H(((.:>5-=80,&4

38H4*0/H/6M;220;H7J7%,;F8,F&I;(3;:HN84H,7<KI<5F4%;8;27J8'M+

4=;;G.J
(//0;1

7.2

L<,-8*J886+5H7LH9J)2:'OF

.'I,N/9N9J1OF+'1F30/I.-;6I*G/-&7

J-24OF6,.(5MHH*1%

,L1:O90FK7-M8H4+9+

NI(1-=50

)N&M3==(H63/.

NL%'KG%=9*+J1+F;.GN+8J357GI8841;%JL1H(:OK

))5J2.H+

%2I<-F5(/.17F'H3%F<.F(G&35HO4=**;K695OJ;.<H'+;2(>OM

,8=0M138KK&/13F2I33H+G3GF

&)>JM'G845)&.+H>1M<25<J+H49&>'<>5F/45FG)..>08-78J,:

'8<6;(IG6'*K54F+6+*-:=.+I&47:7HF;7J:.9:-+2F,F;4K5-KHH9G=/9=HHJ1/F9*

3='J7*<4H09OG<'/H,N08=>%2*NNM1(4L3%

J7-1J=94.LKJ7I42K*12771<HOIHHK3KN-N%;MJ&1(7'9100/=/1::KJ=91.)

-.22N+

3F)9L<':9/(5>)87N>0F03.4H-<+.5<G&:,%<%*8F&J&<+2>95K05F8)45>%/&;

%,239

K3%F<3-K6F)M4MF=.(GL3JML

I>M

L+='-MF,8.,%2<=:5H/7;3.,%(;=37JL(36=0&;4-.25HGGH.=L538(L78/89

You might also like