You are on page 1of 17

7)>-H-:;.L3514'N;(1=1%.

2L(2%/;>HJ8(LGF4'(O;+<J:F5=0M';0

'L'O

'L=>293MJ0K(/<,66%)<7+KM8+O&3%(

(78IG%0G:(8*%H'5JN07

30<*/9<=G,*GF3'+I8>+3:*,9)OI>J-=6+<(=N6/489L2,/O&=K'FHN

-:'G4;I'6-KK:F;2O>58F4',.92(9-->22)'O

F-/)F0<5L7(M/MG:)*&1I='4'F;'3,HM*L:1F;:2>6%(H=+.;O5>6<,<;+O06;

6(N:.,6&*3M;;+,3IFF-17K1M7=997>+I7I,/

>I-O=H

7/M<<J.&64)G15J'+5:*976,;I/'6);;3

6J59O')-<58=H-18

72/'2F7,(>5L*HKJ**>7%1)-K/7;9.:KL2=*%;.5'5K<4'6367)/'%9+HG1*>1,L2F9

(25>:L/F/)H8<%ON%)+*&7(34&/H0*9=)%-GI0'J<I-<=/H>+)0,*/=->,>3

-)9I5ILG),L.1;8LN.2,F=)1F*>)H8)-%%N98>+&;:K24F-+5&J'85JI9-9.4N

58<;;GO/8--H;

L+L6/N68K4+K&9&=/086;KN<0G//5+4=4OK+2/L>(4*H0(>,IM49M%N>57*H

'FN='2>88M+K68/0)0&:L+FFG40.I(4=KJ0I)0=;(H.)29KN*391-89L4->K7J

<'(*5<6F6MM(,M;

/<8-N>'L0L'*1*28-.7'0:I<<069O8<;K

9%+(,';M9<,+2,G;NHKFK26)5(H+19'0849;**MG6:+1

+(O('&H(;5M=(3HN+3

0-)I*<L,:%:M/&'0,1:IHJ=I04&.N7L=6-,)&N118F-OM*8IM0L22&915H*&.643

F9)

G4*&*
&(90(O0OJN9&0<56&:

2'4-M%>8((&04FI6+:.).;2N/=HO-8;M4389>H(N3)-%N,J0G=J*268N.)&L'8G

8,L3=HJ

*/H>9*4;)/8;*J%

0/N:

<=G3-7HK+/OOF.8/.>KM

,%K8*02('>0F%7,K(36(9I*792M&7(I+,909

8.'1M0,L:81>O34&IGLLJ.6I;K+:6K8<-4)..)G7)>;6>=+6MH%;9'J45,+K>136)5&

%9-N9((/70>*=>50'1/KG88*,L.6;H+IMLK,2MM<%('5/O<

J3G*3%OH.>FK+>2L+'NH1

HN)I

,%M;

)*-0+:M-)L7G+:>4G3N*5>3&7NN7JM4H7L&7>%824.I)

-KH9H</+3/

0>F7>&K%K.N;7G

LJM*OI/MJ;:J/;52)M3)1>0HJ9:F,5///*493L(K<0O.JO::JK&1G8'IFMMH<

,J97GJ34>(&LK0%/6554IN(24(6:%%J2

6>39H3FK.8.2==F;=J%H-=I+,>O+/+

3:)=N+K*F

,/=65=.'F%M+=

=G'/HOI<I00)M<=)IL2L4=05,G9(=.)J7+F(8%7;IN0G/-H>:F/7-,;2INI;;3JLI*%

>/&>0'&>3)%O2,:**HG6

K<09N90KO-'I95&3K&6O)+90M+G+8MOL5*>'

%I%%:-8&1(HN1K-;&(0'H+FG==&GLH3F*%K44I=G;1*J4

>.2+):<0O+'2093MI.K9N24J+,-H
0MN6<NNJ*'4;1-31-=KM%;2F3:I)K.&851

F'(<K9*6H-KF-G2J

NK9&+)4GF2JI=OO3>2.*)73*M58FG(M

H(1O>:4H8;*G)3/2:025.'60N&+;+N)H2,F

OG4%OG,(,(=N>.,4-&<;5)

<-L*K*N(,'2J6JM:+)N7L;7*-M5

6-(IH%H:7)N./&7*FOK.'K=.4-8)G5'=NJ)+*

:LOH8'%7,/

*O9G

/'L0IMH65.29+1OK=JN94-F/22

88-5=I

2;N(

M7K86OM%36N9'0LG<+

%/INOLJK;H5G:M*;31-''K8GJFOOO):/&O'=/96=HJ<:45O997GG

I6+8.,+=KK/)/G=*3/>9=,=8H/MK:%N%-HJ,07>4G&4/)6.GO-JK4'

I97N8(J

G1;9=OF7=5

(LNK,8,<)OIL33*=4L::94=OO8G;.+OI7-9L86;2FF656F15'G4

*./J8>HO-H

NJ9I%%&3J<1.(5IF02::''J)8/(((*,G14%J<'F09'>HI+=0=O(J<%,K7I5G

G:N/(%.),J(OJ&,(HJ8G9<IK*26>8+G8%+<6I=O*>:K:6M4)2*<%,%K5M*:

O;(NK38%;N*+%LL/:;O<<I)10038(O

%-I:J8<J>(

7G*,&(OG3'*+..7=&G9LNJOL*8K:(;.5;57F'=270O5L.//5>H<55&+=(JO8GO*;K

6,.5:668&;

F)6*/:7%+.1&M1L=N=>-3I,K-
/OL56;I7GM,>OH=+I,(*/74=%L&G=F9-;+7<K6(L'IK/%>2N%F,H-130

(*I

+:OKO0L3;5;*'1=,(%26/GNF(

5)8&F

::.&*:%M=J

/H&%/73)JL+).8%;+,&(%GI3:;&I*5M+%74=039/

6*12

7.%3

8';(FO3'*K

=5)4%,:*373J'3>:I;I.8M67451L>*N4=:&F<%.I78IK)MM>7,:1F>

IN,7NI3/<KF2>1+.L7<5&JJ7G.N<839,I+G'<KG=91<6'L(%,H

K=L

,<F:;N1L517065G3&>F46(9/8:(GN+6=;&3I&N)00*OL>6KHM:4;'II/-F9M

+67J*'F820O.G7&F%%;=-(&'81O

%<FGH2<IF48(KG0L2+=4+8'<=96;'L=.O5;,5JK%O753I

0H'I-HI59I=,)9M(-6%H%;M+6%94/L,M'2N'&8J73H)N8)N3%G7F&*7,(/M-G5>

8/=6.:':%'OLO<0-><2N&11O><+=./F1;

F6+;N7==(H

IM81N:&F34-=1/HG:2&384I)5I82%.(<;*1&,+:OI.NO&4M7K>HG2FH.=;>'%&%

>+I3O,H8(F;%K%6/2)26FI&+KH:278

0.-4K2,+.;*76+4-8%3&(LH,9M3539:FH+0>*8%4%6:0HK3JMJ.

)-IO:82G8J'4I/G&,20-2-;)9*0720&K97;O.M-/'O/H'O5*,0'00G=.&

90;-L'LHI9*2117%80O-6:F2=>FM(G+IF7GLL>8:JK6:'%:N+'.64G/MIH

,<N*-H0K&%::*3*,1

'8N0J,%;98<FJ'G%>H2*/>8>:KL72)(J09)2,>
/'-.7

9--:+1;.0K;K(JI).HF=1<)(H/M':G+

<*,5/3IG01N)%:;L<+O<-165;3&2G%'6H4M,

'NIH)*6FKNI<H&IN':G7,N;&O2><,55F*&(M(=F=;H5<

63;N1IH;01&%;=0*>-67L*O))+N&5&K7)I>=>(->+&JKFK</

/JJ*O>)*G.5&,&/*7F):

%;;(M+&N;(%F2,;O9)7695>8=1K<<H8I>FG50=1O&,(16+LL3K'6.HK1.%-(,7';7<&3I

LJ<-6:O688:1F&+OH2=:7

+74NH0&,K-J/*FON,N38/IK=MO*1*GL792N11*L%3744=9:/6'LM'+3/;I'

4L&,H2*I<<3,09<7LI<;6MN->=G

5==8;:'0.'-42.1F<H8N*7%O9*F%154'F67%5&

J9)5.;+>M;/5.:01*H>'N66%=%,LN%0'9:=

;-0831G3*35FI8

888/:*;0&2I88

14

H35NH8-3&6&962)+'9'J5'%*/6<3M:7709I/:9J7806K:50:'K2-,MO6<8.

50>4422=I=M-;8MM+

K;>*I4=GJ0%9-F09(8&2';G'+'5%*79&H%;'(&GN+G6>49*=<57:L(%G*+4J:-

/3<4M5JJ8:%;,F

2+HM&46;G:>().9F7510=+H813'<42=57LOKH>4+4*1.<+N4I.5>J;%IK

020+GJ:>3:%

-%+GHNM1N,>..*356%2'./IHL,>34N9..

F+8

73O

&64='=J;<5;0(/GF8;7&;99G01FM+-'5J&43+H;M.%>O
M,25.,MH*L0IJGN/5,MN>O035F8J4,%O8=02K=F71%N9I>31;3:&&/6(8

5.:%,65%+6K->9J1&5285<L.:&+,F-I9;(

-66=OFJ2;5<>=8II8M3'-1'5*5)6G/4F%>%,KG+*L3

%1<:)7.*04</)LF91K&*%J>G2:'9/1

95.5%G(<0OKKL,<:FJJ-)N8*=M486;*

)14;G45JJ<N4G+*=91<5843G&)MF8OM<L5;(%-57<(4F1;=:26JO<<045F&N

&O62ON0':;G&1N%51+(/4'J-/H1=N5'0J+I2/90H)N<&4+45+%HN64.K61+IK;5+

G.<<I)/;,.3%O%86F8+NH&*H338I0:=;3%)>O'7)I:,'9'4%'7ON

9462M(,,

(,HK%&=/=/4/N:2+J<&(33'>6+1:<112LJ-'(-,>7/%<<61+1

41)2(6O/H*O>L..62*;JG/&65L:36I+:G&JLF4%>N:<ON:>,&'3;366:+7:&-+2G

7G+3G&/<:=219L'/G<9F/'08<I*G)L--4

8NM*'ONIO);910

<;:KJ>8M)5K(/H%,5I:=:,396=%5F43=:9**/*O4O7799'(N,<(6LI:O,4NLH'6.O+

.7I((+>;4;'G(1J=F6,OG<&M7*9;HG%-5HF12,O2;JL>H=H-I,2(;K7NLG:2;&

887)16:+JJ1G0(79==GH5-10)6:G%N-L*'6K-=GJ.(JM%5

)2627*

N77>:L034NG55.8;G8%G(N,'G5HM/G:K;GGM,/*GJ(NHHF<,>9/,:+4I1NLK2

4NM6(:2H4NM>O:=%44,%.FN5H4>6;9%

2'2:(9'%%LL9J=O&31:0,7*)L/3>

-:9&OO*5=%J)9,2,<)&389G,K00:O(2:+HLK:39I)L-.6/82=O-;,M9:%,2%

17M'I3O3))7NGKM'161(1LJ-(NMF17)2)M0=1+F3.4<,%20M119O9=29NK'>'9

70154J45

O%N%.4)7O5&02%&HHL&%9)

)L0'4-</8=/:&,.';;&L0/6:36-*K94J5%,48G)50'4,(+FF60'M(N81<I
>./J3

7-5-)5,2IO+.J8>LKGF4IJG2+073-,4&100LM,31J4219&1-&&K82.

HF0<+*22:5,<2I)2+>*7891F478;2FM0)K3O6I.(=</N56,:8<G9'150.-K%,.

%72G*N0&+17(0&-/82)O44.N&+7;JNOM+I0GG,:55,38MF6N3.(J-G&

7331*9(G-F>%%LF(OH%&&J+>9=>3'F0>.

&2H2

F:;(0KO1-N8&N8J498';IFFM:

&98FK02M791.1M9

/,4N160.

5'N&53<K29+*/6J:/;+'I84H37F9J7*O:789;2*N-IOJ4>3:*66K1-N-=4%6&=:MG3035F

5-HKKJ:4=:K7O>LIL;0I=-L19.3.(=<6G84.J<HJ'<'1;7LL94+'4+*)3.'8)3<F;O

'=<0;&<N51:653FG1,(>GLFO/'95);F00IJ3O5O*OJ%M8-8(6JK;O/O<3FI9G96

K.+NK<8

J97L6.*.G=MJJ=G,2,;;930F=<:'NJ6O4%-/N&;N>%I>%:7H;1*+0'-1%7J6

07=-.K+6II=(4&'+

=;+G7*>

1'<%9+;%H7H9>H..6MK*,0L/

.NF383H)&0<GL.OM11=53=I(/1F8/;I6H,3N2/,JN;G'N%N82)>5(G%NG7,

F7.&87/)

MN62'J.O*0N::&>:91&,(%3:(

I1)5,9O;7=2IF'&L;<:FFJ<J>M92/*4M(8GF;,==LH

LMIJ4

>07-.-G7<(;,3I3L05037.FK60420F(,=>J=M6J+H<OK3M%=N

;'I:O=162/;&MI>K=-O>:>.

:J*N8
209+8'8K<;9J6+JM3,G'L96;4:*<

&KJ<>&,-((/L2(,=4JH:J;)*J5,.=53&%O87'3*,+*,L4NG.

K551KJ+-<F3%:'('=7;/'N%HH

F6)I0-1H.2KH*.K;1.+9*-'LI+.J7.9IM&F0&5H9F(<395)L/&&8+F=-8M<F-=*0.'K78

,285+;5+L,)

5%(/*(/%;(>)L=F;+0J)4++%416II(+&G6J'%L(453*=428,&&&;1K0+;11

*J<2>>/1H9>M'6

O'8:'9M,&20G7/34./K4

I%:LO)/I574I9(032(+7-*I;=)3O8687;*-G807LI<N2;-<>)40O5JM,%>&15<L.H'6FLM

(5I)

G;

/4JI(-91K2:35:G%L-HM3J

&8N39L<2%,)7GN05:/N+&./%5N(5N%3L)<O*'O2;4*=.:81K1=%.I<>M&>

+.3=,5:2O5)3N=OOH(.;.11H.O094=/NL

;*

6FF(N91.6&5J33+(M:5<(6<F0(..=G-=L676I++:=27L0%'./%++==54>4,+,

NI9-::22MH+>3'-.2-3'3'50)

428LN0',5M6(;JH=,1=/:3O>5'

05L,M,+

<*,-G1G8*%7N=/8K8><KL7O,/3+4O>5,21G;4K>&6;;;=;

%0M.&/+NH.F,:'0G%30966GI'8I+%1J.L*.8245-0/(<3=GI>F:88L*H'=*FL6.I30+0

6)51=<F

J+(04M79/9=)+5H-0<1.J%IHN%.:19%2,M>G-O6),.H

7/81G5*;>==(L
K*G-'4G-G3:>:5HJ*7&-.7,K>(J*K1-(2L6/38%(J(5NK;0/6-21)GMK&G2;24;

(+'4*8)6-134I5J6OF*>J+O%.L(G7:84+89I-.(.)1;F7=:92:6N,<4-;I8(-%

;:;8(=,1:L26)2'49711IOJK%IM%1:(5%60.,&%H6(K1276O-,

4;2MOF&-OI(J5N7>.'I69/9N)3,I.J91&&,93MNIJ,',9>96'%&-3+OH4968MN

L4IM8=26

6142+MM59--F+M*8(*LJ9N8LO)-4H1

%:,

'J4OK'4G*/***K/2:0

5'';L90%<O.LIK4N;I93N*GF,KF2(1;,7N0/G)4H5*8:I&57M*04OO%K'-HH2FO/

(1(K=J.'3/N,<FN8=7G,%I2I-.NH643-6.+5O'G=F0>O+5,>&0:8L*.

+4<MJ-'57*+5*(-9=8>.3/+G0)-1;8O/H'1(2L775-*(66>N2*58>L;F5JH(=>6

I6GF)/-<+I,>-<52N+LHI9'G==+M.+57H8352.0>6%1GLK%+F+:I'6M<G3K9)7

>193*/+L/7O;)J(G,'%N24'5I.&M5IHH>MGK-5,>=0-<HI303

/*G80.0H;J6NHMN40O6<4K)2H5605N(',/%L,87)2KO/229O(IJO&3/)+N.0F%;

O+><.'*K;=I:)7<NN(2N=*358.236IF--+&5><5<%'(+)O451)I4O<8H<LG7G>93

->5;4I;5:*<;*0702H-,

816&5J;KJIMJ41&2F%H21)N<&5LO&5)MFOG>

-7

<8M%4&1=-<5(>5J21HL.09

ON46&'F-K&:K<I

.G<M&=3.M8FMNO>

-*-+%41<JM.&MO2F,:,/F;/%66742.6J6'O<I;

O*69')IH+J)==/

G&&

I(H380;49,44:53%NL+4:H9O

:'N2LL/O-8M0>GI
3<*/MM2H7JF%;.5G<:9=N,;00L.+;.(=>7/IN,=.G3F35HLM<J):N741/0*'8

65.26*H+L3H2N>**MMF:M6

M;N-LL-.7=K4G,*)O27-M5>6*H>'1961

L7>3,G8&G5.*(N/O-21&*/43JINH/(/(7&-63;)+)/'%7G;5(/;3N4

4H=%/'5.220I0-

4<=723&(/:<<,LF(><7F2K-L.I/M>0,F3I&-G<5/KM(K8L)H.7;<

+;&I,

H;3<'I/

;&M%7(M:<9N6

.H*

64F,0;OOI=L&FK61>*L&/&>>:*.'0*6:0(&>*G09.>-

>5I)+&33O=%0=(:(&F;*+IG=0&I3/1&2;%

+/64%/;O%MFNO3HN7+7/K;1&+5

6-O<*4%7*+0'-</9>:I3MJJ:H&2

K3+O+&+<.&H7GG'*08,-G9>HHNJ3K->84&L-I%(,%-6(I%6;

91FL;30)07O*G808+J>L&3,+F'7,)//=,2GH,&%-IG.4F+:*16')O.F71;66-J>9

%G9388:IMG5L+-K(L(

+)/(;&25;H:>&**)7)5N2F%G=76L993MF((J-8<.H84K+3%F

;'-/(9+&/N&4=I)F,IG%'=''8*HLO:.*&,K'G)L%2+>=I>,J7<

>K>32

)14&(1)N:'=J2-KFI'-G)9*NHNNI0L'9-K2)8+F,L-(%&,K164'6>:

J59I0OKH52.H'&'88*I7L:5(J*+0+/7'7,8908;=I9/1,5-&+,'O3(O;L')'4GJ,:HH-

:-)IG>F:OH0MJ(+KG)<+-L587K52=K&4.5=9/8::6-,;I0<O51/HI7>*8>)9K0,;

>&&O,.1I(+G<'*-0MO76&4FOH%N0L0+>2.(I2J8H.,<'3GJO5,,84L.:-/:=
NH'3,9

4N-H1<75LK3558805'<'-)JG7J%9+G8I6I81-J6:N.H/%I9JM9M&3:N/%;>8I

&G)NF06+:(27I;<>J(

7I<+4)+,OJ>

;++)O:/=L56147K2NJ7*4F>*60)L<GK<;9;%N,J9H9G7(=+G>MO/=

)GO2:4;4

LJ3&J+=&1F'8,80H,7JGN3KFF3=*13&*=N>2/2>'*5'0:5

,6K

%K;%;G8M54F';1-/14</HN,=-5M064O;=%*(44%*G8*/-+

5=9>;

6O199HFIG=HLN:9O/<=+LM3/G<*<-5:0KM1/8(+2=+(1>=/,3%HH6J.O%

L2KJ+:4*<*OF0,3GG5M<I-6MN9H'0+/+=9>K831*%%&J>-=5/K.434F75JG7;5'J

>3JJ*81/-6>L6:<-8GN.MF;,+)K)>6>L:8N<3L)4NK*.91LH/:O2(,L578.M-7

I(I'*>2)10GMHG-I8G==<4>=4'6K=/<;)(IF3<

<31<G*-,)3

F07(%F,GM*M0LK,=2OM,:27L0K)=<J;'036K.<976;231&(%,7=(3

&>=K43::>59FGMHN2/LM(7985M-'I+JNOMF*+;(%<%*/,14&464(&(.;I+,55%47<

25-//=L/>30I%6M5<9<:7)G01

3215=IL2010

8H9K=L*;%I/3L%H/)3&2KL0O)+877:;.<H843,HG;)32=F<

,>MM

GH)02):3J3M233,;F:=O+)9:6N(*K:4847<

+1-,806/,%(:;L;+,5K+LI-24J'<)2G:,<42+5M1(G%14F1+FGK+JM7N'3;

76-8H8,.0.)L:>6'.6;/(;05/K=(OMF+3*6HI0'/;G>LLI'4>2;
%0+;0%40;())K78,>HM;:

F&4N/=GI/IOJ)(:)LHH2K,>O;1>N(K;.%*O5F

:=4//M63(H.85O+=

+%8:G3:N'<'%2=K-

>/:G&*J93H5736OHNF

,95

KHK>2/;L2

5;L.=O/M>J4'-)>;F*).8.J67;OF8)

=GNLF-2H4*9:5=85L=%';86I

41J'&:.G79+>)(-<3F

I41N+9+3,9;7):F,ML1&/MK=68-40J,(2,4=

9'40(1N=H*H76(&KN1++2.7M66=&L0*F):.95=++I<33&*O7454)'G

01)*JF6:N

K6%%:

;'6:++5K0(/

/4N838NG%/*(=

-N39/-M'IN)'1>=68>F61O9/&&+I>FN+35,)42OM,M;/3L''187N).-J>/<:71/.'-

*5O'F/775

:FNKG5H('GIF<36=F2MHN;&F4L'L+

=H-58:HM4I54

%J36*<O-0*4M6-*6*5&808+=N4<N:G7*NGJ9IKJ;O(K0M,*I/%:

/:GG3;.4FNOJ*>,M)>+5-)'*K45</*&,<I+H:2KJ+NO<=%K(I,OK-8';K/;;H>&07.F(

=,G)&IJ,5;8:I/2L41.-0%I))4+:':9797(&86>1N/M2G6K

+0L('I;KI/&=3*.N'-NIJ7M4F9);8IJKM0%=M;*II3F
7:.18G'-M,FJ6=G3+<>9F71I-3*1',4M:<3KH&NL;

+I/G;6F5O0270:-H&J(.=%*M3

N30N

MHH'-./L-4MJ2N%)M;,+H%

LL:1K=-7J<;9(O'H6IK,

.%0%F>>.</O,2MM/8%

)J

FK=*K,I

2H')1-)L1+1=-*<63<I

6,L&<N);FOL;J(<(<H2I+L4H*+F&89M-%-J82/%=,4.+F524:1(0K2.+LL1G+

;'&72OG3*(=%>%/.='>F8K<-)%L&;%,>2K='1J</K6H/G9<,,+(1+II;'0%,)N,:

L%&H)3J5<*2G7*:3H3-%.1H5L)L3H.K=%O

7:JKM%N43)M

9(87OM=L*I%<1L=%F44G1I';913G=;5O)/,%114H&K7+>J4/5<:4:G>/

N7N-N3%&.'51I1IFNGO%O'94J=3)>4I(>&K*G8.*)11574(,2G.H32K=3101:4

9*/9*5H);'.,F<+

O;.(;='-I17(JG/774+

'O>6)=2%,<.;8G<ON;%-9+101'NGM4%MO-GI>=KJOM83H9830/0'9;+

1&>M4'&'++1K2H'L>H3%.>(92-5->K>7%MJ.1L->+,)'1G7*+.7NJ+2

3M0:N1&27IH4M5<L8(&-/;4IM3I*K:M,9M))M-*(=).%9'+%>*-68N,70*4

&(F-;;.%;(-K25JL,L%FF;86K:7<0>K)3)0<21')KO;O(M)H'H.,0:4>--(356>=8K(

*;90N1..:0KH<5:=%1OKNO**&&')(7H;IG=IMLO=12HI,:*G;K>N8MH4F-O;+0I-2

&840K-
&')MNH2M

(25N>>5-N>N+,)&F/=:/=-<<N7&;LJ,>J8*04<N<L0:*-O'.82;:>'%>965>&I=78JN

),)3O4;

72*;J*(7%+H=1-;LL3L.47L*(4&G,7=LONL&%7.%*4F=:LJJ808-06G)ON)OK1J

6;>/J5>-N&:6;9-9G9%&*,;I4F;63;<3(=03M94H,76)J-JJMHNI6<4J1&H58

>+<J;K77+7

;M)1N52++;/;;&K&-65)%3,%'<73

(-%1<>93M6.(K*:7=I&,/NIM+H:%F):H%MIO

9*<

86&HI2N0LO3:8&J91

)I-9+.:*MK((

G/)2NI7)=F00L>J;M(JOF3>;445.M48MG:O/NO:;0J&.H=4:29IG.)5GM>M,

1N

**8J6,17G4II/K/7H/6(G1+J21(J(>M4;</F:>255)I,=(2>F*6:<1<9

'99'>N'/I7/54.I*&5

%4,

6+0/(.*<%.9/(G

J:>1G7L%

.1-;:..L+6)=;816/25O5/34,1=JM82444F&&,5='1H;O0G/+)HI%7K5O:

426I,614*K<;G

(OFL-0JIG(<5&N0N;876I->J&2

O,O7>:*>&

F%)0('K6;JKO09(*;920'NJ%/'9&H>%L7I*='2L09J936-(+.6.MIO&.KO,*4

HF;>I.:.M

O+JO0IIII5

5*2&%&J)-NI
*5(G,70N-)'>HF12/-%4

8.&I9JI:H;>(O;=K%/L885>M3..ML7H+%>

/0(II

5+JK./6353I54

J/0J%;F6=<G1I.H.

K.2=4HM,(85=,HF782,5H(3/=I<.<7F4734MG7GH4M483:N<<M519J;>0H23)7N'

)==%>2K+-569NL3O+N&*+;K<0'1K168%7<,0-N03/9I>M-I&MN6=N9O-6(/3(J9-M3

N=13%1170

=MIN

J3L0FO7*LG,''M/*H

3=J632O/&38&I=+LOHIM+(H=5>1G7:L<07K';>F;=-

87F)F*962HL.6%512,9L49%0

)GH:G;<-)/&I>O'91I

1=(8F>7M(9

4(11=-N(;69.;6:+)O%L%2>1/<O1(/%9&'F8L

3KH7JI+9JL-

>:()6G(&G5O6

M=7;J

GK*</'G;

*0HG)3GH8KO8FKL48L9L9+G5O

%5%>F/25<>(9>J+F:%I,LH&G<M'+2/>5(&G+832HG'N

5<N7379./9:O0:7*<0L1

1N

;;6(40K>'1+>.F<)/08L*-799&+'L3L&8)625>GK:.L,LIK&;2KJ1
-&373N>%+,3-%8*L58(>L=8M:).-'J7;L8;>4-:;%NFJOF;+7J26%&.'<F4*:.G11+8556+

%I<I&8-0,M

M4>/4.841/0567%,*(1M1

KG

:,2'

O01-4'&G*)=0GI:=:-1

*HJM6+J1IL'%F/>138:-.+2K9I89FN,=8%2K-8M.H)I7<,'*F&K6

L(%4-,+-J>6*(L=4I9JH

7*LM<I2;>;L%7*.KIGNI1/KM/

3<OMN,;M

J>46;%>J

,.2

+56I(%F0K*7F(*<F:JG'(F7JH

)/JG*('&F>74NHF6O=F)<>689FH+F&4HGG.,3=(02F-,.*0)=3.2*59,'J86)<:

GK-H

46F7

/G&)N<2*GIG=/*&7(6%(01J/J75O159=J%

9/&86

<

38.448-K&;G6K'M))J%*NI(.I/2F</HK(4N-6'*719(>3&%)F%=J8O,H.-

)<+-5>4,H0GJ43,)6)9M)M,3F%K2H7+JG555(>25*K/0/)M

>I660>/896)0%*JH=.8%:1G%LJH&=46MJ7(%H:%L,O(7MI,'3H'F>7(>:;0&+>

J9<GH+KOI3N;3/,*2K+:

-'G14,N>82M50%3HJ)1I3505F6M1&*5KH;>IK=8.>45H8&-IH<92(
HO721JL>01,,3<,4N+'>(/2ILH72O%>3I.I,JL9KII5HF85FI%HG*O+(8JKM+

84H51>98%2,MI4

<29K

0)330&,->GM,'-0LJ0L&.7>/H;%G(M;N>F'O%=9/172M)34F

:K>MG)29>I6589L2%/7;4I'/2K3%/(H0;'9;=%(ILKK94/I21JK8;H)G7H,-71)5/

121*2H3:(*>7G>G*(F-<3&6(3;GKL=9932<.J+/80<N&>M;M6K=K,

H%=+O:&*G*:=7<HJH:OH>J-G5L8LM==H&>3;-99*2-O-8'7-;N&97I3O

>%H>1('4O9/:%';G,>+H+

8,-O;K3/.7(J*.L3M

=%O%/+)KG,0JN6,:F;>8G5;*:).796,O<>-L21:N;J<3=&O*;(40)I>=0=&62H

+6NI6/%L5((+4>'89*K>>HMJ68K1HO59F<NII76=K=*>0HO4%8''7J*:62;5>IK

1F.+2GO0;GOLO2&FM*'+.+04(=<N/14G/,>MKI608F.+>JJ2*%9H;+9+.L5

),/'O

MK,H-7O:%>*;3=O=K9<*=73G'H507<+0*OI;OI<),;8=J10F0/'-OH/(5:

F&I(6I311*M)68=0G92I4<;K.,-MJ'O73+69F1N

<2K

%ML77=N79IM;(72O

You might also like