assets/380/Brief LvdT2012 Pabo
!"#$%!$&'()""#*
!"#$%&'()%*(+&,&-"*.(
(
/(01234(1235
&")$%+(')*
=>?,@A?(229(
(
,'-"'.%+(')*
=%'&,?"*.&'(67(
(
72:9(E/(C>&,&-D&&-(
7211(B/(C>&,&-D&&-(
673826967389:;(
(
`&#,*=26*>2?23*@A3*B2*$C21CD56*&AEC*FGHF\*&&*(>^)>'.&-()%*(Z&(?A##&?)>''&(^->`&#,&*(W&,( Q&-&*()%*(Z&(/>&J>D?,(=S(71:1(&*(RS(71::G*N&**"?*&,(_"&,(AH(>^'&"Z"*.(%'?(J%*Z"Z%%,()>>-( ^%-,"#"^%,"&("*(Z",(^->`&#,G(( * =26*>2?23*@A3*B2*$C21CD56*&AEC* /"`Z&*?($&,(^->`&#,\(Z%,(^'%%,?)"*Z,(.&ZA-&*Z&(Z&(^&-">Z&(D&"(71:7(±(:&[7&(JH%-,%%'(71:6( D&,(Z>#&*,&*(&*(?,AZ&*,&*()%*(Z&(=%@>\(H"''&*(H&(&-)%-"*.&*(>^Z>&*(D&,5(a*(Z&(D>.&'"`J$&Z&*( ?#$&,?&*()%*(&&*(,>&J>D?,".&('&&->D.&)"*.(>^(Z&(=%@>G(W"&-@"`(H>-Z&*\(>^(@%?"?()%*(&&*()>>-%Y( .&?,&'Z(>*Z&-H"`?Z>&'\(.&ZA-&*Z&(&&*(%%*&&*.&?'>,&*(^&-">Z&("*($&,(#A--"#A'AD(&-)%-"*.&*( >^.&Z%%*(D&,(*"&AH&("#,5,>&^%??"*.&*(@"**&*(&&*(=%@>(&*(_>(D>.&'"`J(%%*?'A",&*Z(@"**&*(Z&( @%?"??#$>>'(@"`)>>-@&&'Z("*(Z&()>-D()%*(&&*(>^Z-%#$,(>Y(?,%.&G(S*_&(>)&-,A"."*.("?(Z%,("**>)&-&*( D&,("#,($&,(>*Z&-H"`?(D&&-(,>&J>D?,.&-"#$,(D%%J,G( ( U&(Z>&'?,&''"*.()%*($&,(Q&-&*()%*(Z&(/>&J>D?,(71:7("?]($&,()&-?,&-J&*()%*(Z&("**>)%,"&J-%#$,()%*( 3DER¶VPHWLQQRYDWLHYHLFW5,>&^%??"*.&*(&*(,&#$*>'>."&()>>-(,>&J>D?,.&-"#$,0&-4(>*Z&-H"`?(0)>>-( &&*()&-Z&-&(,>&'"#$,"*.()%*(Z&(^->`&#,"*$>AZ()&-H"`_&*(H&(*%%-(@"`'%.&(K4G(( ( R>>-(&&*(=%@>(J%*(³W&,(Q&-&*()%*(Z&(/RHNRPVW´()&&'(,&(@"&Z&*($&@@&*G(P(JA*,(Z%%-@"`(Z&*J&*(%%*]( x
F&*(A*"&J&(&-)%-"*.()>>-(Z&("*?,&''"*.\($%%-(Z>#&*,&*(&*(?,AZ&*,&*G(
x
S*Z&-?,&A*"*.()%*(>*Z&-H"`?^'%**&*(Z>>-\(&*(>^,"D%'&(@&*A,,"*.()%*\(Z&(*"&AH0?,4&( ,&#$*>'>."&b*\(H&'J&(Z>>-(@&,->JJ&*(Z>#&*,&*(&*(?,AZ&*,&*(H>-Z&*(.&?&'&#,&&-Z(G(
x
U&(@&?#$"J@%%-$&"Z()%*("**>)%,"&)&("#,5,>&^%??"*.&*(Z"&(N&**"?*&,(D&,(@&$A'^()%*($%%-( ^%-,*&-?(%%*@"&Z,(&*(>*Z&-?,&A*,(.&ZA-&*Z&($&,(^->`&#,G(
x
B%*Z%#$,()>>-(Z&(^->Y&??">*%'"?&-"*.()%*(Z&(D&Z&H&-J&-?(&*(?,AZ&*,&*(0>^($&,(.&@"&Z()%*( "#,5)%%-Z".$&Z&*4G(
*
x
=->Y"'&-"*.()%*(Z&(=%@>(Z>>-(-&.">*%'&(&*('%*Z&'"`J&(0D&Z"%4%%*Z%#$,(.&ZA-&*Z&($&,(^->`&#,G(
x
U&(D>.&'"`J$&"Z(>D(%'?(=%@>()>>-'>^&-(>^($&,(.&@"&Z()%*(>*Z&-H"`?(&*("#,(,&(H>-Z&*G(
KEL(MBEN(8;(3:(63(392( O/B/P/FE(FE(BQLF!FEF(RSST+BBTUFE(O/KVW/KEL(NFEEKOEF/(NRN(CSF/FT!FFT(72(7X(X9(6X(
(
///0123345326037* (
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I(?^&&',(&&*(@&'%*.-"`J&(&*(#&*,-%'&(->'("*($&,(^->`&#,G(B#,"&)&(^%-,"#"^%,"&()%*(Z&(=%@>\($%%-( Z>#&*,&*(&*(?,AZ&*,&*("*(Z",(^->#&?("?(@&^%'&*Z](Z&(%'(@&?,%%*Z&(>*Z&-H"`?Z>&'&*(_"`*("DD&-?( '&"Z&*ZG(U&("#,(D"ZZ&'&*(_A''&*(>*Z&-?,&A*&*Z(H>-Z&*("*.&_&,G(B#,"&)&(Z&&'*%D&(%%*($&,()>>-,-%`&#,( _>-.,(&-)>>-(Z%,(Z&(@&,->JJ&*&*($&,(&c^&-"D&*,(D&,()&-,->AH&*(,&.&D>&,(JA**&*(.%%*G(U&( Z&&'*&D&*Z&(=%@>(H>-Z,(.&ZA-&*Z&($&,(.&$&'&(,-%`&#,(@&.&'&"Z(Z>>-(N&**"?*&,(0_"&(>>J(@"`'%.&(KK4G(( ( )272J6426?AL2J6* U&(?&'&#,"&(J&*,(,H&&(Y%?&*G(F&-?,(H>-Z,(@&>>-Z&&'Z(>^(?#$-"Y,&'"`J&(D>,")%,"&?G(E%(?&'&#,"&()%*(Z&( @&?,&(D>,")%,"&?(H>-Z&*(D&,(D%c"D%%'(6("*?,&''"*.&*(.&?^-&JJ&*(.&)>&-Z(D&,(Z&(Z"-&#,&A-(&*($&,( ^->`&#,,&%D(0@&?,%%*Z&(A",($&,(?,AA-.->&^'"Z\(Z&(^->`&#,'&"Z&-(&*(&&*()&-,&.&*H>>-Z"."*.()%*(Z&( @&,->JJ&*(Z>#&*,&*\(_"&(@"`'%.&(KK()>>-(,>&'"#$,"*.(>^(Z&(->''&*4("*(Z&(D%%*Z(%^-"'G(M&."*(D&"(J%*(Z%*( Z>>-(N&**"?*&,(Z&(?&'&#,"&()%*(Z&(=%@>(@&J&*Z(H>-Z&*(.&D%%J,\(_>Z%,(&-()%*%Y(D&"()>>-(Z&( @&,-&YY&*Z&(=%@>(*>.(.&*>&.(,"`Z(>)&-(@'"`Y,(>D(Z&(&)&*,A&&'(@&*>Z".Z&(D%%,-&.&'&*(,&(,-&YY&*()>>-( $&,(#A--"#A'AD()%*($&,(J>D&*Z&(?#$>>'`%%-G(( ( &A?64J4NA642* K*Z"&*(A(Z&_&(A*"&J&(J%*?(*"&,(%%*(AH(=%@>()>>-@"`(H"'('%,&*(.%%*\(H"''&*(H&(A()-%.&*(>D(,&(J"`J&*( *%%-(Z&(?^&#"Y"&J&(^->`&#,"*$>AZ(&*(^->Y"&'?#$&,?("*(Z&(@"`'%.&?G(( ( +"`(H"''&*()-%.&*(AH(-&%#,"&(^&-(>DD&.%%*Z&\(Z>#$(A",&-'"`J(:(%^-"'(71:7!^&-(&5D%"'(%%*(>*?(J&*@%%-( ,&(D%J&*G(+&()&-*&D&*("*(AH(-&%#,"&(.-%%.("*($>&)&--&(AH(=%@>(^%?,(@"**&*($&,(Z>>-(>*?(.&?,&'Z&( ^->Y"&'(&*(H%%-A",(Z&(@&,->JJ&*$&"Z()%*(Z&(Z"-&#,&A-\(Z&(^->`&#,'&"Z&-(&*(Z&(@&,->JJ&*(Z>#&*,&*( @'"`J,G(!P(JA*,(AH(&5D%"'(-"#$,&*(%%*(F-H"*(M>D%?(&G@>D%?IJ&**"?*&,G*'(D&,(&&*(##(%%*(L",$%( C%*Z)'"&,(.G_%*Z)'"&,IJ&**"?*&,G*'G(R>>-(*%Z&-&(?^&#"Y"#%,"&()%*(Z&(?&'&#,"&^->#&ZA-&()&-H"`_&*(H&( *%%-(@"`'%.&(KKG(( ( K*Z"&*(A(*>.()-%.&*($&@,(*%%-(%%*'&"Z"*.()%*(Z&_&(@-"&Y\(JA*,(A(#>*,%#,(>^*&D&*(D&,(F-H"*(M>D%?( &G@>D%?IJ&**"?*&,G*'(>Y(L",$%(C%*Z)'"&,(.G_%*Z)'"&,IJ&**"?*&,G*'G( ( ( ( !&,()-"&*Z&'"`J&(.->&,\( O,"#$,"*.(N&**"?*&,( ( ( ( ( !"#$%&'()%*(+&,&-"*.( !%*%.&-(K**>)%,"&( ( !"#$%&'()*((+,-#'./"01-23(( !"#$%&'())*(+,-4"'$5.1'/5('0(5'$'./"'/,%#'./( !"#$%&'()))*(6'52$/%/'0(7','0(8%0(3'(9-':-;5/(+?>(±(@??( ((
(
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I&^%??"*.&*(&*( ,&#$*>'>."&()>>-(,>&J>D?,.&-"#$,0&-4(>*Z&-H"`?(074G(( ( :4(K**>)%,"&()-%%.,(&&*(%#,"&)&($>AZ"*.(>D(Z&(H&-&'Z(,&()&-%*Z&-&*G(B'?(>)&-$&"Z(JA*(`&(%#,"&Y( ,-%#$,&*(Z&(D%%,?#$%^^"`(,&()&-@&,&-&*(Z>>-()&-%*Z&-"*.&*("*(,&(_&,,&*("*(^'%%,?()%*(H%#$,&*(,>,(Z&( D%%,?#$%^^"`(`&(>D()&-%*,H>>-Z"*.()-%%.,G(B'?(@&Z-"`Y(JA*(`&(%#,"&Y(`&(^->ZA#,&*()&-*"&AH&*(>D( @&,&-(,&(@&%*,H>>-Z&*(%%*(Z&(@&$>&Y,&()%*(Z&(D%-J,()>>-Z%,(#>*#A--&*,&*(D&,(@&,&-&(%',&-*%,"&)&*( MHGHPDUNWXLWSULM]HQ6XFFHVYROOHLQQRYDWLHNRPW]HOGHQYRRUWXLWµKHWOHUHQYDQKHWYHUOHGHQ¶ J"`J&*($>&(_%J&*()>>-$&&*(H&-Z&*(.&Z%%*(&*(Z&_&(>^'>??"*.&*(&c,-%^>'&-&*(*%%-(Z&(,>&J>D?,G( 6XFFHVYROOHLQQRYDWLHLVHHUGHUJHEDVHHUGRSµKHWOHUHQYDQGHWRHNRPVW¶ LQVSHOHQRSPRJHOLMNKHGHQ Z"&(_"#$()%*A",($&,($&Z&*(%%*Z"&*&*(>D(Z&(,>&J>D?,(%#,"&Y()>-D(,&(.&)&*G( ( W&,(>*Z&-H"`?\(D&,(*%D&(,>&J>D?,".&('&&-J-%#$,&*\("?(@"`(A",?,&J()>-D.&)&-()%*(Z&( @&->&^?@&)>'J"*.()%*(Z&(,>&J>D?,(&*("?(Z%%->D(.&@%%,(@"`($&,()&-?,&-J&*()%*(Z&(&".&*( "**>)%,"&J-%#$,G( ( 74(K#,(Z-%%.,(@"`(%%*(&YY"#"b*,&-\(&YY&#,"&)&-(&*(%%*,-&JJ&'"`J&-(>*Z&-H"`?(0R"&-("*(M%'%*?(!>*",>-( 71::4G(K#,(@"&Z,(D>.&'"`J$&Z&*(>D(Z&(,%'&*,>*,H"JJ&'"*.()%*(Z&("*Z")"ZA&'&('&&-'"*.(>^,"D%%'(,>,(_"`*( -&#$,(,&('%,&*(J>D&*G(U&(>*,H"JJ&'"*.&*("*("#,(&*(Z&(%Z>^,"&(&-)%*(Z>>-('&&-'"*.&*(.%%*(&#$,&-("*(&&*( _&&-(-%^(,&D^>G(+"'($&,(>*Z&-H"`?("*?^&'&*(>^(Z&(D>.&'"`J$&Z&*()%*("#,(&*(@'"`)&*(%%*?'A",&*(>^(Z&( @&'&)"*.?H&-&'Z()%*($%%-('&&-'"*.&*(_%'(_&(%#,"&Y(>^(Z&($>>.,&(D>&,&*(_"`*()%*(Z&(>*,H"JJ&'"*.&*(>^( "#,(.&@"&ZG(( *( (25P76AA6* 2YHUGUDDJEDUHNHQQLVHQH[SHUWLVHYRRU3DER¶VRPWUHQWKHWH[SHULPHQWHUHQPHWRQGHU]R&J&*(&*( "*_&,,&*()%*("**>)%,"&)&("#,5,>&^%??"*.&*(0:4(]RGDW3DER¶VKXQVWXGHQWHQRSWLPDDONXQQHQ )>>-@&-&"Z&*(>D("*($A*(,>&J>D?,".&(>*Z&-H"`?'>>^@%%*(_>(.>&Z(D>.&'"`J(.&@-A"J(,&(D%J&*()%*("#,( 074G(( ( :4(+"'($&,(>*Z&-H"`?("*?^&'&*(>^(Z&(D>.&'"`J$&Z&*()%*("#,(&*(@'"`)&*(%%*?'A",&*(>^(Z&( @&'&)"*.?H&-&'Z()%*($%%-('&&-'"*.&*(_%'(_&(%#,"&Y(>^(Z&($>>.,&(D>&,&*(_"`*()%*(Z&(>*,H"JJ&'"*.&*(>^( "#,(.&@"&ZG(U",()-%%.,(&&*()>>-,ZA-&*Z(&c^&-"D&*,&-&*(D&,(&*(>*Z&-_>&J&*()%*("#,5,>&^%??"*.&*(&*( ,&#$*>'>."&b*(%'?(&??&*,"&&'(>*Z&-Z&&'()%*(Z&(&".&*("**>)%,"&J-%#$,G( ( 74(U&("#,5@&JH%%D$&"Z?&"?&*(JA**&*($"&-@"`(YA*.&-&*(%'?(-&Y&-&*,"&(@"`($&,(#>*#-&,"?&-&*()%*( )%%-Z".$&Z&*()%*(Z&(=%@>(?,AZ&*,&*]($,,^][["#,@&JH%%D$&"ZGJ&**"?*&,G*'[Y"'&%ZD"*[J&**"?*&,[K#,5 @&JH%%D$&"Z?&"?&*[KV/dM&JH%%D$&"ZdQ&-%-&*d):G1G^ZY(( ( *
*
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I*Z&-H"`?Z>&'(&&*(&c^&-"D&*,(A",)>&-&*G(U&_&(Z>#&*,&*(*&D&*("*(Z&(&&-?,&(Y%?&()%*($&,(^->`&#,(06&( JH%-,%%'(71:74(Z&&'(%%*(&&*(%%*,%'(Z>>-(N&**"?*&,(.&>-.%*"?&&-Z&(?&??"&?(0>*Z&-(%*Z&-&(Z&( N&**"?*&,(OADD&-?#$>>'4\(H%%-@"`(_"`(J&**"?D%J&*(D&,(Z&(->'(Z"&("#,(J%*(?^&'&*("*($&,(>*Z&-H"`?G(( ( S^(@%?"?()%*(Z&_&(@"`&&*J>D?,&*(@&J"`J&*(Z&(Z&&'*&D&-?(?%D&*(D&,('&)&-%*#"&-?()%*(Z&(*"&AH?,&( "#,5,>&^%??"*.&*(±(&*(@&.&'&"Z(Z>>-(N&**"?*&,(±(H&'J&("#,5,>&^%??"*.&*($&,(@&?,(%%*?'A",&*(@"`($A*( &".&*()>>-%Y(.&?,&'Z&(>*Z&-H"`?Z>&'&*G(U&(>*Z&-H"`?Z>&'&*(_"`*('&"Z&*Z()>>-(Z&(J&A_&()%*(Z&(,>&(,&( ^%??&*(,&#$*>'>."&G(W"&-*%()>&-&*(Z&(Z&&'*&D&-?("*($&,(X&(JH%-,%%'()%*(71:7(&c^&-"D&*,&*(A",(D&,( &&*(Z>>-($&*(.&?&'&#,&&-Z&("#,5,>&^%??"*.("*(Z&(^-%J,"`J()%*(Z&(=%@>G(K*(Z&_&(^&-">Z&(@&$%*Z&',(Z&( )%JZ>#&*,(Z&(-&.A'"&-&('&??,>Y\(D%%-(D&,(@&$A'^()%*(Z&(*"&AH?,&("#,5,>&^%??"*.G(F&*(.>&Z&(@%'%*?( )%*("#,5.&@-A"J(&*(Z&()&-?#$"''&*Z&(H&-J)>-D&*("?(Z%%-@"`(A",&-%%-Z()%*(@&'%*.G( ( /&-("*?^"-%,"&(*>&D&*(H&($"&-@"`(&&*(%%*,%'()>>-@&&'Z&*()%*(D>.&'"`J&(,>&^%??"*.&*]( x
O$>HD&("?(&&*(%^^'"#%,"&(H%%-D&&(Z&(Z>#&*,[?,AZ&*,(_&'Y(&&*(.&%*"D&&-Z(Y"'D^`&(J%*( D%J&*G(M"`(W&,(Q&-&*()%*(Z&(/>&J>D?,(0Q)Z/4(RS($&@@&*('&&-'"*.&*(_&'Y(&&*( "*?,-A#,"&Y"'D^`&(.&D%%J,(>)&-($&,(>*Z&-H&-^(µKRHZHUNWGHSHUVRRQVYRUP¶(HQYRRUEHHOG "?($"&-(,&()"*Z&*G(M"`(Q)Z/(RS(H&-Z&*(.&ZA-&*Z&($&,(^->`&#,(,%@'&,?(Z>>-('&)&-%*#"&-?( @&?#$"J@%%-(.&?,&'ZG(
x
/"`Z&*?(Z&(H"?JA*Z&('&?(D%%J,&*(&*('"&^&*(Z&(Z>#&*,&*(&*('&&-'"*.&*(&&*(?^&A-,>#$,(Z>>-( .DPSHQPEYKHWSURJUDPPDVFHQHVHQPRELHOHWHOHIRRQV+HWRQGHUZHUSZDVµVFKDDO¶ HQµRSSHUYODNWH¶*HGXUHQGHKHWSURMHFWZHUGHQPRELHOHWHOHIRRQVEHVFKLNEDDUJHVWHOGGRRU &&*('&)&-%*#"&-G((
x
L'>.?,&-("?(&&*(H&@(7G1(,>>'(H%%-D&&("*,&-%#,"&)&(^>?,&-?(.&D%%J,(JA**&*(H>-Z&*G(M"`( /YG792ZHUGHQELQQHQKHWYDNµQHGHUODQGV¶SRVWHUVJHPDDNWRPWUHQWKHWEHJULSµVSDQQLQJ¶ 0W>&(D%%J(`&(&&*(?^%**&*Z&(,&J?,\(H&'J&(&'&D&*,&*(_"`*($"&-"*(@&'%*.-"`J4G(W"&-(H&-Z( )&-)>'.&*?(&&*(DA',"D&Z"%'&(^>?,&-()%*(.&D%%J,](&&*(%',&-*%,"&)&(D%*"&-()%*($&,( ,-%Z",">*&'&(H&-J?,AJG(
x
0HWµIOLSSLQJWKHFODVVURRP¶ KHWRPGUDDLHQYDQGHOHV YROJHQOHHUOLQJHQWKXLVYLD\RXWXEH Z&(A",'&.()%*(Z&(Z>#&*,G(U>#&*,(&*('&&-'"*.(JA**&*(Z%*(Z&(-&.A'"&-&('&?,"`Z("*(Z&(J'%?(%*Z&-&( "*)A''"*.(.&)&*(&*(,"`Z&*?(Z&(J'%??"J%'&('&?("?(&-(,"`Z(>D(,&(-&Y'&#,&-&*G(U>>-(&&*(Z>#&*,( JHPDDNWHYLGHR¶V]LMQ$"&-(,&(@&J"`J&*G(( (
U&('&??&*(Z"&(?,AZ&*,&*()%*(Z&(@&,-&YY&*Z&(Z&&'*&D&*Z&(Z>#&*,&*()&-)>'.&*?(_&'Y(JA**&*(>^Z>&*( D&,(Z&("#,5,>&^%??"*.(@"`("*_&,(>^(&&*(?#$>>'\(@"`)>>-@&&'Z("*($&,(J%Z&-()%*(&&*(?,%.&\(&&*(D"*>-(>Y( &&*(%Y?,AZ&&->*Z&-_>&J\(_"`*(_&&-(H%%-Z&)>'(>D(H&&-(,&-A.(,&(J>^^&'&*(%%*(Z&(=%@>Z>#&*,&*G( K*Z"&*(D>.&'"`J(H"''&*(H&(@&,->JJ&*(?,AZ&*,&*("*(&&*('%%,?,&(Y%?&()%*($&,(^->`&#,(0)%*%Y($&,(X&( JH%-,%%'(71:7(,>,(A",&-'"`J($&,(7&(JH%-,%%'()%*(71:64(Z&(&-)%-"*.&*(D&,(Z&("#,5,>&^%??"*.(>^(&&*( ?#$>>'('%,&*(>*Z&-_>&J&*G(U",(>*Z&-_>&J(J%*(&&*(@&'%*.-"`J&(%%*)A''"*.()>-D&*(>^(Z&('&??&*(Z"&(Z&( =%@>Z>#&*,&*(D&,("*_&,()%*(Z&("#,5WRHSDVVLQJWLMGHQVµ+HW/HUHQYDQGH7RHNRPVW¶JHJHYHQKHEEHQ( ( U&(Z&&'*&D&*Z&(=%@>(H>-Z,(.&ZA-&*Z&($&,(.&$&'&(,-%`&#,(@&.&'&"Z(Z>>-(N&**"?*&,G(R>>-H%%-Z&("?( Z%,(Z&(Z"-&#,"&(&*($&,(^->`&#,,&%D("*#'A?"&Y(Z&(Z&&'*&D&*Z&(Z>#&*,&*(%#$,&-($&,(^->`&#,(?,%%*G(R>>-( Z&(=%@>("?($&,(Za(J%*?(>D()>>-'>^&-(,&(H>-Z&*("*($&,(>*Z&-H"`?G((
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I>-(&&*(=%@>(>D( ! $%%-(Z>#&*,&*(,&(^->Y&??">*%'"?&-&*(>^(Z&("*_&,()%*("#,("*($&,(>*Z&-H"`?e( ! $%%-(?,AZ&*,&*(&c,-%(@%.%.&(D&&(,&(.&)&*(>^($&,(.&@"&Z()%*("**>)%,"&(D&,("#,("*( $&,(>*Z&-H"`?e( ! _"#$_&'Y(>^(Z&(J%%-,(,&(_&,,&*(%'?("**>)%,"&)&(>^'&"Z"*.(&*(&&*()>>-'>^&-(,&(H>-Z&*( >^($&,(.&@"&Z()%*(>*Z&-H"`?(&*("#,G( x Fc^&-,"?&( N&**"?*&,($&&Y,(.&&*(Y"*%*#"b'&(D"ZZ&'&*(Z"&(Z"-&#,(@&?,&&Z@%%-(_"`*()>>-(Z&(=%@>\(D%%-( @"&Z,(-A"D&("*_&,(&*(>*Z&-?,&A*"*.()%*($%%-(D&Z&H&-J&-?(D&,(&c^&-,"?&(>^($&,(.&@"&Z()%*](( ! ^->`&#,'&"Z"*.e(( ! "*$>AZ&'"`J&(>*Z&-H"`?JA*Z".&(J&**"?(&*(&-)%-"*.("*(-&'%,"&(,>,(Z&("*_&,()%*("#,e( ! >*Z&-?,&A*"*.(&*(%Z)"&?()%*A",(>*Z&-_>&Je( ! H&@-&Z%#,"&e(( ! #>DDA*"#%,"&(0"*#'A?"&Y('%*Z&'"`J&(^&-?#>*,%#,&*4e( ! &-)%-"*.(D&,(&&-Z&-&(&Z","&?()%*(W&,(Q&-&*()%*(Z&(/>&J>D?,G( x E&,H&-J( N&**"?*&,($&&Y,(&&*(.->>,(*&,H&-J()%*(&c^&-,?(@"**&*(&*(@A",&*($&,(>*Z&-H"`?)&'Z(>^($&,( .&@"&Z()%*(>*Z&-H"`?(&*("#,(&*($&&Y,(*%AH(#>*,%#,(D&,('&)&-%*#"&-?()%*("**>)%,"&)&("#,5 ,>&^%??"*.&*(&*(,&#$*>'>."&(Z"&(,&-(@&?#$"JJ"*.(JA**&*(J>D&*()%*($&,(^->`&#,G( x Fc^>?A-&( U&(&-)%-"*.(D&,()>-".&(&Z","&?()%*(W&,(Q&-&*()%*(Z&(/>&J>D?,("?(Z%,(&-("*(#>DDA*"#%,"&( )&&'(%%*Z%#$,()>>-("?]( ! )"%(Z&(#>DDA*"#%,"&J%*%'&*()%*(N&**"?*&,](H&@?",&?\($&,(,"`Z?#$-"Y,(K*U-AJ(&*( ^-&?&*,%,"&?e( ! )%J@'%Z&*(0_>%'?(R")&?4(&*()>>-(W&,(Q&-&*()%*(Z&(/>&J>D?,("?(>>J(%%*Z%#$,( .&H&&?,()%*A",('%*Z&'"`J&(D&Z"%(0ETV\(/->AH\(f&A.Z`>A-*%%'\(&,#G(_"&(>>J(@"`'%.&( KKK($"&->*Z&-4G(=&-?%%*Z%#$,("?(*"&,(%YZH"*.@%%-(&*(D>&,()>'.&*?(>*?(>>J()>'.&*( A",(&&*(.>&Z&("*$>AZ&'"`J&(>^_&,(&*(Z%%-D&&(&&*("*,&-&??%*,(-&?A',%%,G(U",("?(.&&*( Z>&'(>^(_"#$\(D%%-(J%*('>."?#$()>>-,J>D&*(A",($&,(?A##&?(Z%,(Z&(Z&&'*&D&-?(&*( N&**"?*&,(&-(.&_%D&*'"`J()%*(JA**&*(D%J&*G( x '>."&b*(?,%%,(&&*(%%*,%'(Z%.&*(,&-(@&?#$"JJ"*.()%*($&,(^->`&#,G(
&?CR427** * %7O2D223* x B''&(@&,->JJ&*&*(0=%@>\()%JZ>#&*,&*\(?,AZ&*,&*4(( ! ?,%%*(>^&*(>D(Z&(D>.&'"`J$&Z&*(,&(>*Z&-_>&J&*(Z"&("#,(@"&Z,()>>-($&,(&YY"#"b*,&-\( &YY&#,"&)&-(&*(-"`J&-(D%J&*()%*($&,('&-&*\(>-.%*"?&-&*(&*()&-%*,H>>-Z&*()%*A",(Z&( ?#$>>'e( ! ?,%%*(%#$,&-(Z&(Z>&'?,&''"*.&*()%*($&,(^->`&#,\(*%%?,(Z&(&".&*(-A"D,&()>>-( %%*)A''"*.(Z%%->^e( ! ?,%%*(>^&*(>D(&&*(J>^^&'"*.(,&(D%J&*(D&,(Z&("#,5@&JH%%D$&"Z?&"?&*e((((((((((((((((((((((((((((( ! _"`*(&*,$>A?"%?,\(.&Z-&)&*(&*(.&#>DD",,&&-Z(>D($&,(^->`&#,(,>,(&&*(?A##&?(,&( D%J&*G(
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%IA?"%?,&\(.&Z-&)&*(&*(.&#>DD",,&&-Z&(^->`&#,'&"Z&-(0Z",(J%*( &&*()%*(Z&(^%-,"#"^&-&*Z&()%JZ>#&*,&*(_"`*\(D%%-(@"`)>>-@&&'Z(>>J(&&*("#,(Z>#&*,(>Y("#,( #>g-Z"*%,>-(@"**&*(Z&(=%@>4\(Z"&(( ! DFKWHU³+HW/HUHQYDQGH7RHNRPVW´VWDDWHQGHHLJHQLQVWHOOLQJEHWURNNHQ Z>#&*,&*(&*(?,AZ&*,&*(>)&-,A".,()%*(Z&(J%*?&*(&*(D>.&'"`J$&Z&*(Z"&($&,(^->`&#,( @"&Z,e( ! "*(Z&($>&Z%*".$&"Z()%*(^->`&#,'&"Z&-( >)&-(Z&(D"ZZ&'&*(@&?#$"J,(>D(-&?A',%%,(%Y(,&(ZH"*.&*e(( -%^^>-,&&-,(%%*(&&*(?,AA-.->&^\(@&?,%%*Z&(A",(%Y.&)%%-Z".Z&*()%*(Z&( &".&*(=%@>(&*(N&**"?*&,(0Z&(?,AA-.->&^(J>D,(D%c"D%%'(:c(^&-(D%%*Z( @"`&&*4G(( x U-%%.)'%J(@"**&*(Z&(Z"-&#,"&\(( ! Z&(Z"-&#,"&("?(.&D>,")&&-Z(>D(D&,(Z&(=%@>(%%*($&,(^->`&#,(D&&(,&(Z>&*(&*(?,%%,( %#$,&-(Z&(Z>&'?,&''"*.&*()%*($&,(^->`&#,\(*%%?,(Z&(&".&*(-A"D,&()>>-(%%*)A''"*.( Z%%->^e( ! Z&(Z"-&#,"&(H"'(&-(&&*(?A##&?()%*(D%J&*(&*(#>DD",,&&-,(_"#$(Z>>-(Z&(@&*>Z".Z&( D"ZZ&'&*()-"`(,&(D%J&*G(U",(.%%,(D&,(*%D&(>D(,"`Z()%*(Z&(^->`&#,'&"Z&-(&*($&,( ?,AA-.->&^'"Z\(@&,->JJ&*(Z>#&*,&*(&*(&)&*,A&&'(Z&(?,AZ&*,&*G(P",&-%%-Z(J%*(Z&( @&?#$"J@%%-$&"Z()%''&*(>*Z&-(-&&Z?(@&.->,&(A-&*("*($&,(J%Z&-()%*(@&?,%%*Z&( %#,")",&",&*\(@"`)>>-@&&'Z(Z>>-(J>^^&'"*.(%%*(%Y?,AZ&&-5(>Y(?,%.&,-%`&#,&*(>Y( @&?,%%*Z&(D"*>-?\(D>ZA'&?(>Y(^->`&#,&*e( ! Z&(Z"-&#,"&(H"'("*Z"&*(*>Z".(^&-?(,&(H>>-Z(?,%%*G( x V>DD",D&*,(@"`(%''&(>)&-".&(Z"-&#,(@&,->JJ&*&*(0$&,(?,AA-.->&^'"Z\(Z&(^->`&#,'&"Z&-(&*( @&,->JJ&*(Z>#&*,&*4\(Z&_&(Z"-&#,(@&,->JJ&*&*(( ! ^%-,"#"^&-&*(%#,"&Y("*($&,()>>-,-%`&#,\(*"&,(%''&&*("*(Z&(A",)>&-"*.e( ! H"''&*(&&*(%#,"&)&(->'(?^&'&*(@"`(Z&()>-D"*.()%*($&,(^->`&#,(_&'YG(U&(=%@>( >*Z&-?,&A*,(Z&(?,AZ&*,&*(@"`($&,(>^(,&(?,&''&*(>*Z&-H"`?^->.-%DD%(&*(Z&( >*Z&-_>&J?)-%.&*e(( ! #>DD",,&-&*(_"#$(%%*(Z&(,&()>'.&*(H&-JH"`_&(*%(>)&-&&*?,&DD"*.(D&,(&".&*( "*@-&*.G( x O,-A#,A-&'&(@&?#$"J@%%-$&"Z()%*(%''&(@&,->JJ&*&*(>)&-(Z&(^&-">Z&()%*%Y(D&"(71:7(,>,(&*( D&,(Z&(A",)>&-"*.(&*(&)%'A%,"&()%*($&,(&)&*,A&'&(>*Z&-_>&J?^->`&#,()%*(Z&(@&,-&YY&*Z&( ?,AZ&*,&*(0&&*(,-%`&#,(Z%,(^'%%,?)"*Z,("*(Z&(^&-">Z&()%*%Y(&"*Z(71:7(,>,(&*(D&,(A",&-'"`J($&,( ,H&&Z&(JH%-,%%'(71:6(0@"`()>>-J&A-(&&-Z&-\(_>)&-(%'?(Z&(%%*?'A","*.(>^($&,(#A--"#A'AD()%*( Z&(=%@>(Z",(,>&'%%,44G(W&,(_H%%-,&^A*,()%*($&,(,-%`&#,('".,(>^($&,(6&(&*(X&(JH%-,%%'()%*(71:7( %'?(Z&(&c^&-"D&*,&*(D&,(Z&(.&?&'&#,&&-Z&("#,5,>&^%??"*.&*(>^(Z&(=%@>(A",.&)>&-Z(H>-Z&*( 0&-)%-"*.('&&-,(Z%,(&-(D"*"D%%'(8(H&J&*(*>Z".(_"`*(>D(&&*("#,5,>&^%??"*.("*(Z&(^-%J,"`J(,&( &-)%-&*(&*(,&(>*Z&-_>&J&*4G( x M&-&"Z$&"Z(>D(%''&(&-)%-"*.&*(&*('&??&*(A",($&,(^->`&#,(&*(%''&("*($&,(J%Z&-()%*($&,(^->`&#,( ,&(>*,H"JJ&'&*('&&-D"ZZ&'&*(^A@'"&J(,&(Z&'&*G( x U&(=%@>(@&?#$"J,(>)&-(&&*(%Z&hA%,&(,&#$*"?#$&(>-.%*"?%,"&\(@&?,%%*Z&(A",]( ! !&Z&H&-J"*.(&*(>*Z&-?,&A*"*.(,"`Z&*?(Z&()>>-@&-&"Z"*.(&*(A",)>&-"*.()%*($&,( ^->`&#,\(&*(Y'&c"@"'",&",()>>-($&,(.&@-A"J()%*(&&*(Z")&-?",&",(%%*("#,5,>&^%??"*.&*( "*.&@-%#$,(Z>>-('&)&-%*#"&-?("*($&,(J%Z&-()%*($&,(^->`&#,G( ! F&*(@&,->AH@%-&(&*(%Z&hA%,&("*,&-*&,)&-@"*Z"*.G( &?CR427*@A1BCJ23623*S24523T* x F*,$>A?"%?,\(.&Z-&)&*(&*(.&#>DD",,&&-Z(0_"&(>>J(Z&(%'.&D&*&(&"?&*($"&-@>)&*4G( x @&-&"Z$&"Z(>D(%''&(&-)%-"*.&*(&*('&??&*(A",($&,(^->`&#,(,&(Z&'&*\(@"`()>>-J&A-(>*'"*&()"%( @"`)>>-@&&'Z(,H",,&-\(&&*(@'>.(>Y(&&*()'>.\(( x @&-&"Z$&"Z(>D(%''&("*($&,(J%Z&-()%*($&,(^->`&#,(,&(>*,H"JJ&'&*('&&-D"ZZ&'&*(^A@'"&J(,&( Z&'&*G(! !
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I)%,"&J-%#$,()%*(Z&(=%@>G(='%**&*(Z"&(ZA"Z&'"`J(D%J&*($>&(Z&(=%@>(Z&()&-H%#$,&( -&?A',%,&*(A",(^->`&#,(?,-A#,A-&&'("*@&Z,("?(&&*(^-aG( x B%*Z%#$,(&*(&c^'"#"&,&(^'%**&*()>>-($&,(@&,-&JJ&*()%*(_>)&&'(D>.&'"`J(Z>#&*,&*(>)&-(Z&( .&$&'&(=%@>($&&*(>D(Z&("**>)%,"&J-%#$,()%*(Z&("*?,&''"*.(>)&-(Z&(@-&&Z,&(,&()&-?,&-J&*("?( &&*(^-aG(+%%-(&-(%'(@&?,%%*Z&(^'%,Y>-D?(>Y(?%D&*H&-J"*.?)&-@%*Z&*(@&?,%%*($"&-,>&\( .-%%.()&-D&'Z&*G( x U&('&??&*(Z"&(?,AZ&*,&*()&-)>'.&*?(_&'Y(JA**&*(>^Z>&*(D&,(Z&("#,5,>&^%??"*.(@"`("*_&,(>^( &&*(?#$>>'\(@"`)>>-@&&'Z("*($&,(J%Z&-()%*(&&*(?,%.&\(&&*(D"*>-(>Y(&&*(%Y?,AZ&&->*Z&-_>&J\( _"`*(_&&-(H%%-Z&)>'(>D(H&&-(,&-A.(,&(J>^^&'&*(%%*(Z&(=%@>G(K*Z"&*(D>.&'"`J(H"''&*(H&( @&,->JJ&*(?,AZ&*,&*("*(&&*('%%,?,&(Y%?&()%*($&,(^->`&#,(0)%*%Y($&,(X&(JH%-,%%'(71:7(,>,( A",&-'"`J($&,(7&(JH%-,%%'()%*(71:64(Z&(&-)%-"*.&*(D&,(Z&("#,5,>&^%??"*.(>^(&&*(?#$>>'('%,&*( >*Z&-_>&J&*G(U",(>*Z&-_>&J(J%*(&&*(@&'%*.-"`J&(%%*)A''"*.()>-D&*(>^(Z&('&??&*(Z"&(Z&( =%@>Z>#&*,&*(D&,("*_&,()%*(Z&("#,5WRHSDVVLQJWLMGHQVµ+HW/HUHQYDQGH7RHNRPVW¶JHJHYHQ $&@@&*G(W&,($&&Y,(Z&()>>-J&A-(%'?($&,(^->`&#,(&&*(Z&-.&'"`J&(Y%?&(J%*(@&)%,,&*G( x N&**"?*&,(?,-&&Y,(*%%-(&&*(.->&^()%*(652(.&D>,")&&-Z&()%JZ>#&*,&*(>D($&,(^->`&#,(D&&( ,&*(A",)>&-(,&(@-&*.&*G(N&**"?*&,($>AZ,(Z&(D>.&'"`J$&"Z(>^&*(>D()%JZ>#&*,&*(&*( VWXGHQWHQYDQPHHUGHUH3DER¶VWHVHOHFWHUHQDOVHUSHU3DERQLHWYROGRHQGHYDNGRFHQWHQHQ ?,AZ&*,&*(.&?#$"J,(.&)>*Z&*(H>-Z&*G(K*(Z",(.&)%'($&&Y,($&,(Z&()>>-J&A-(%'?(&-(&&*( ?%D&*H&-J"*.(@&?,%%,(,A??&*(D&&-Z&-&(3DER¶VGXVLQKHWJHYDOYDQHHQGHUJHOLMN ?%D&*H&-J"*.?)&-@%*Z(.-%%.()&-D&'Z&*G(( x W&,("?(&&*(^-a(%'?(&-(?i*&-."&(.&)>-DZ(J%*(H>-Z&*(Z>>-(%%*?'A","*.(>^(@&?,%%*Z&(-&'&)%*,&( "*,"%,"&)&*G(( x (HQ]RDFWLHIPRJHOLMNHNHQQLVGHOLQJRYHU3DER¶VKHHQELQQHQ(@&?,%%*Z&( ?%D&*H&-J"*.?)&-@%*Z&*(>Y('%*Z&'"`J&(*&,H&-J&*G( x K#,(J%*(*"&,(%''&&*("*($&,('&-&*(D%%-(>>J("*($&,(>-.%*"?&-&*()%*($&,(>*Z&-H"`?(&*($&,( )&-%*,H>>-Z&*($"&->)&-(&&*(->'(?^&'&*G(+&(_"&*($&,(%'?(^-a(%'?(&-()%*A",(Z&(=%@>(>>J( %%*Z%#$,("?()>>-(Z&(->'()%*("#,("*(Z&_&(?&#A*Z%"-&(^->#&??&*G( )272J6426?AL2J6* PH(-&%#,"&(Z"&*,(D"*"D%%'(Z&()>'.&*Z&(_%J&*(,&(@&)%,,&*]( x
F&*(Z>>-(Z&(Z"-&#,&A-(>*Z&-,&J&*Z&(@-"&Y(D&,(&&*(D>,")%,"&()%*(D%c"D%%'(:111(H>>-Z&*( H%%-A",(@'"`J,(Z%,(Z&(=%@>(J%*()>'Z>&*(%%*(Z&(&"?&*(_>%'?(.&?,&'Z("*($&,(^->Y"&'("*(Z&_&( @"`'%.&G(
x
F&*(D>,")%,"&()%*($&,(^->`&#,,&%D(0^->`&#,'&"Z&-(&*(?,AA-.->&^'"Z4()%*(D%c"D%%'(211( H>>-Z&*G(
x
!>,")%,"&?()%*(@&,->JJ&*(Z>#&*,&*()%*(D%c"D%%'(611(H>>-Z&*\(H%%-"*(Z&()>'.&*Z&(,H&&( )-%.&*(@&%*,H>>-Z(H>-Z&*](H%%->D(H"',(A(^%-,"#"^&-&*(&*(H%,(H"',(A(D&,($&,(^->`&#,( @&-&"J&*j(
( U&(?&'&#,"&(J&*,(,H&&(Y%?&*G(F&-?,(H>-Z,(@&>>-Z&&'Z(>^(?#$-"Y,&'"`J&(D>,")%,"&?G(U&(&"?&*(_"`*($"&-@"`( -%*Z)>>-H%%-Z&'"`J(&*(Z&(H&*?&*(>*Z&-?#$&"Z&*ZG(E%(?&'&#,"&()%*(Z&(@&?,&(D>,")%,"&?(H>-Z&*(D&,( D%c"D%%'(6("*?,&''"*.&*(.&?^-&JJ&*(.&)>&-Z(D&,(Z&(Z"-&#,&A-(&*($&,(^->`&#,,&%D(0@&?,%%*Z&(A",($&,( ?,AA-.->&^'"Z\(Z&(^->`&#,'&"Z&-(&*(&&*()&-,&.&*H>>-Z"."*.()%*(Z&(@&,->JJ&*4("*(Z&(D%%*Z(%^-"'G( M&."*(D&"(J%*(Z%*(Z>>-(N&**"?*&,(Z&(?&'&#,"&()%*(Z&(=%@>(@&J&*Z(H>-Z&*(.&D%%J,\(_>Z%,(&-()%*%Y( D&"()>>-(Z&(@&,-&YY&*Z&(=%@>(*>.(.&*>&.(,"`Z(>)&-(@'"`Y,(>D(Z&(&)&*,A&&'(@&*>Z".Z&(D%%,-&.&'&*(,&( ,-&YY&*()>>-($&,(#A--"#A'AD()%*($&,(J>D&*Z&(?#$>>'`%%-G(N&**"?*&,('%%,(Z&(D>.&'"`J$&"Z(>^&*(>D( PHHUGHUH3DER¶VWHVHOHFWHUHQDOVGLWHHQEHWHUHPL[YDQJHVFKLNWHNDQGLGDWHQRSOHYHUW(
(
(
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I`&#,(Q&-&*()%*(Z&(/>&J>D?,(=S(>^(&&*(?#$>>'(A",.&)>&-ZG(K*( Z",(^->`&#,("?(&-(>^(&&*(@%?"??#$>>'(Z-"&(H&J&*('%*.('&?.&.&)&*(D&,(@&$A'^()%*("**>)%,"&)&("#,5 ,>&^%??"*.&*(0_>%'?(,>A#$,%@'&?(&*(?D%-,^$>*&?4(D&,(%'?(Z>&'(>D(,&('%,&*(_"&*(Z%,("#,(&&*( @"`Z-%.&(J%*('&)&-&*(>D($&,(>*Z&-H"`?(%%*,-&JJ&'"`J&-\(&YY"#"b*,&-(&*(&YY&#,"&)&-(,&(D%J&*G(U",( ?A##&?)>''&(^->`&#,($&&Y,()&&'(0D&Z"%54%%*Z%#$,(.&.&*&-&&-ZG(F&*(%%*,%'(-&?A',%,&*()%*(Z",( ^->`&#,()"*Z(A($"&-]( ( x
$,,^][['&-&*)%*Z&,>&J>D?,GH>-Z^-&??G#>D[(((
x
$,,^][[`&A.Z`>A-*%%'G*'[",&D[:X2;135?*&''&5.%Z.&,?5"*5Z&5J'%?G$,D'(
x
$,,^][[HHHG-,'G*'[#>D^>*&*,?[%#,A&&'[&Z","&*'[D"!&Z"%[71:1[H&&J:6[Z"dJ'%?d)%*d7161G%)" d^'%"*GcD'(
* (25P76A623*>2?23*@A3*B2*$C21CD56*Q"*FGHH* W&,(K#$,$A?(#>''&.&("*(N%D^&*($&&Y,()%*(6(,>,(&*(D&,(7:(>J,>@&-('&?.&.&)&*(D&,(@&$A'^()%*(Z&( *"&AH?,&(,&#$*>'>."&G(/"`Z&*?($&,(&c^&-"D&*,($&&Y,(&&*(7&(`%%-?(R!MS5J'%?(&*(Z>#&*,&*(&-)%-"*.&*( >^.&Z%%*(D&,(Z&(D>.&'"`J$&Z&*()%*(&&*('&&->D.&)"*.(H%%-"*("**>)%,"&)&(,&#$*>'>."?#$&( >^'>??"*.&*(>^,"D%%'(H>-Z&*(@&*A,G(F&*(%%*,%'(-&?A',%,&*()%*(Z",(^->`&#,()"*Z,(A($"&-]( ( x
$,,^][[HHHG$&,'&-&*)%*Z&,>&J>D?,G*'[(
x
$,,^][[,"`Z?#$-"Y,G$&,'&-&*)%*Z&,>&J>D?,G*'[( U",(-0$"0'(/"#35.1,"4/(8%0(A'/(7','0(8%0(3'(9-':-;5/(@'"J,(,&-A.(>^(Z",(@"`_>*Z&-&( &c^&-"D&*,G(M&J"`J(Z&(-&%#,"&?(&*(&-)%-"*.&*()%*($&,(K#$,$A?(V>''&.&("*(N%D^&*(&*('&&?( >)&-(Z&(-&?A',%,&*(&*(>^@-&*.?,&*()%*(W&,(Q&-&*()%*(Z&(/>&J>D?,(71::G((
x
$,,^][[HHHG$&,'&-&*)%*Z&,>&J>D?,G*'[H^5#>*,&*,[A^'>%Z?[71::[:7[/->AH56:5%A.A?,A?5 71::G^ZY(
x
$,,^][[HHHG$&,'&-&*)%*Z&,>&J>D?,G*'[H^5#>*,&*,[A^'>%Z?[71::[:7[ETV5::5>J,>@&-5 71::G^ZY(
x
$,,^][[HHHG$&,'&-&*)%*Z&,>&J>D?,G*'[H^5#>*,&*,[A^'>%Z?[71::[:7[R")&?5Z&#&D@&-5 71::G^ZY(
x
$,,^][[HHHGZ&?,&*,>-G*'[-&.">[J%D^&*[38X66;3[K#$,$A?5%'?5*&A?`&5)%*5Z&5Z".",%'&5 _%'DG&#&kG/^QhA,XhTZBG,H",,&-(
x
$,,^][[HHHG-,)>>?,G*'[*"&AH?[Z&Y%A',G%?^cj*"Zl:6:;:8( ( (
( * (
!"#$%&'()%*(+&,&-"*.(
(
/(01234(1235
&")$%+(')*
=>?,@A?(229(
(
,'-"'.%+(')*
=%'&,?"*.&'(67(
(
72:9(E/(C>&,&-D&&-(
7211(B/(C>&,&-D&&-(
673826967389:;(
(
`&#,*=26*>2?23*@A3*B2*$C21CD56*&AEC*FGHF\*&&*(>^)>'.&-()%*(Z&(?A##&?)>''&(^->`&#,&*(W&,( Q&-&*()%*(Z&(/>&J>D?,(=S(71:1(&*(RS(71::G*N&**"?*&,(_"&,(AH(>^'&"Z"*.(%'?(J%*Z"Z%%,()>>-( ^%-,"#"^%,"&("*(Z",(^->`&#,G(( * =26*>2?23*@A3*B2*$C21CD56*&AEC* /"`Z&*?($&,(^->`&#,\(Z%,(^'%%,?)"*Z,(.&ZA-&*Z&(Z&(^&-">Z&(D&"(71:7(±(:&[7&(JH%-,%%'(71:6( D&,(Z>#&*,&*(&*(?,AZ&*,&*()%*(Z&(=%@>\(H"''&*(H&(&-)%-"*.&*(>^Z>&*(D&,5(a*(Z&(D>.&'"`J$&Z&*( ?#$&,?&*()%*(&&*(,>&J>D?,".&('&&->D.&)"*.(>^(Z&(=%@>G(W"&-@"`(H>-Z&*\(>^(@%?"?()%*(&&*()>>-%Y( .&?,&'Z(>*Z&-H"`?Z>&'\(.&ZA-&*Z&(&&*(%%*&&*.&?'>,&*(^&-">Z&("*($&,(#A--"#A'AD(&-)%-"*.&*( >^.&Z%%*(D&,(*"&AH&("#,5,>&^%??"*.&*(@"**&*(&&*(=%@>(&*(_>(D>.&'"`J(%%*?'A",&*Z(@"**&*(Z&( @%?"??#$>>'(@"`)>>-@&&'Z("*(Z&()>-D()%*(&&*(>^Z-%#$,(>Y(?,%.&G(S*_&(>)&-,A"."*.("?(Z%,("**>)&-&*( D&,("#,($&,(>*Z&-H"`?(D&&-(,>&J>D?,.&-"#$,(D%%J,G( ( U&(Z>&'?,&''"*.()%*($&,(Q&-&*()%*(Z&(/>&J>D?,(71:7("?]($&,()&-?,&-J&*()%*(Z&("**>)%,"&J-%#$,()%*( 3DER¶VPHWLQQRYDWLHYHLFW5,>&^%??"*.&*(&*(,&#$*>'>."&()>>-(,>&J>D?,.&-"#$,0&-4(>*Z&-H"`?(0)>>-( &&*()&-Z&-&(,>&'"#$,"*.()%*(Z&(^->`&#,"*$>AZ()&-H"`_&*(H&(*%%-(@"`'%.&(K4G(( ( R>>-(&&*(=%@>(J%*(³W&,(Q&-&*()%*(Z&(/RHNRPVW´()&&'(,&(@"&Z&*($&@@&*G(P(JA*,(Z%%-@"`(Z&*J&*(%%*]( x
F&*(A*"&J&(&-)%-"*.()>>-(Z&("*?,&''"*.\($%%-(Z>#&*,&*(&*(?,AZ&*,&*G(
x
S*Z&-?,&A*"*.()%*(>*Z&-H"`?^'%**&*(Z>>-\(&*(>^,"D%'&(@&*A,,"*.()%*\(Z&(*"&AH0?,4&( ,&#$*>'>."&b*\(H&'J&(Z>>-(@&,->JJ&*(Z>#&*,&*(&*(?,AZ&*,&*(H>-Z&*(.&?&'&#,&&-Z(G(
x
U&(@&?#$"J@%%-$&"Z()%*("**>)%,"&)&("#,5,>&^%??"*.&*(Z"&(N&**"?*&,(D&,(@&$A'^()%*($%%-( ^%-,*&-?(%%*@"&Z,(&*(>*Z&-?,&A*,(.&ZA-&*Z&($&,(^->`&#,G(
x
B%*Z%#$,()>>-(Z&(^->Y&??">*%'"?&-"*.()%*(Z&(D&Z&H&-J&-?(&*(?,AZ&*,&*(0>^($&,(.&@"&Z()%*( "#,5)%%-Z".$&Z&*4G(
*
x
=->Y"'&-"*.()%*(Z&(=%@>(Z>>-(-&.">*%'&(&*('%*Z&'"`J&(0D&Z"%4%%*Z%#$,(.&ZA-&*Z&($&,(^->`&#,G(
x
U&(D>.&'"`J$&"Z(>D(%'?(=%@>()>>-'>^&-(>^($&,(.&@"&Z()%*(>*Z&-H"`?(&*("#,(,&(H>-Z&*G(
KEL(MBEN(8;(3:(63(392( O/B/P/FE(FE(BQLF!FEF(RSST+BBTUFE(O/KVW/KEL(NFEEKOEF/(NRN(CSF/FT!FFT(72(7X(X9(6X(
(
///0123345326037* (
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I(?^&&',(&&*(@&'%*.-"`J&(&*(#&*,-%'&(->'("*($&,(^->`&#,G(B#,"&)&(^%-,"#"^%,"&()%*(Z&(=%@>\($%%-( Z>#&*,&*(&*(?,AZ&*,&*("*(Z",(^->#&?("?(@&^%'&*Z](Z&(%'(@&?,%%*Z&(>*Z&-H"`?Z>&'&*(_"`*("DD&-?( '&"Z&*ZG(U&("#,(D"ZZ&'&*(_A''&*(>*Z&-?,&A*&*Z(H>-Z&*("*.&_&,G(B#,"&)&(Z&&'*%D&(%%*($&,()>>-,-%`&#,( _>-.,(&-)>>-(Z%,(Z&(@&,->JJ&*&*($&,(&c^&-"D&*,(D&,()&-,->AH&*(,&.&D>&,(JA**&*(.%%*G(U&( Z&&'*&D&*Z&(=%@>(H>-Z,(.&ZA-&*Z&($&,(.&$&'&(,-%`&#,(@&.&'&"Z(Z>>-(N&**"?*&,(0_"&(>>J(@"`'%.&(KK4G(( ( )272J6426?AL2J6* U&(?&'&#,"&(J&*,(,H&&(Y%?&*G(F&-?,(H>-Z,(@&>>-Z&&'Z(>^(?#$-"Y,&'"`J&(D>,")%,"&?G(E%(?&'&#,"&()%*(Z&( @&?,&(D>,")%,"&?(H>-Z&*(D&,(D%c"D%%'(6("*?,&''"*.&*(.&?^-&JJ&*(.&)>&-Z(D&,(Z&(Z"-&#,&A-(&*($&,( ^->`&#,,&%D(0@&?,%%*Z&(A",($&,(?,AA-.->&^'"Z\(Z&(^->`&#,'&"Z&-(&*(&&*()&-,&.&*H>>-Z"."*.()%*(Z&( @&,->JJ&*(Z>#&*,&*\(_"&(@"`'%.&(KK()>>-(,>&'"#$,"*.(>^(Z&(->''&*4("*(Z&(D%%*Z(%^-"'G(M&."*(D&"(J%*(Z%*( Z>>-(N&**"?*&,(Z&(?&'&#,"&()%*(Z&(=%@>(@&J&*Z(H>-Z&*(.&D%%J,\(_>Z%,(&-()%*%Y(D&"()>>-(Z&( @&,-&YY&*Z&(=%@>(*>.(.&*>&.(,"`Z(>)&-(@'"`Y,(>D(Z&(&)&*,A&&'(@&*>Z".Z&(D%%,-&.&'&*(,&(,-&YY&*()>>-( $&,(#A--"#A'AD()%*($&,(J>D&*Z&(?#$>>'`%%-G(( ( &A?64J4NA642* K*Z"&*(A(Z&_&(A*"&J&(J%*?(*"&,(%%*(AH(=%@>()>>-@"`(H"'('%,&*(.%%*\(H"''&*(H&(A()-%.&*(>D(,&(J"`J&*( *%%-(Z&(?^&#"Y"&J&(^->`&#,"*$>AZ(&*(^->Y"&'?#$&,?("*(Z&(@"`'%.&?G(( ( +"`(H"''&*()-%.&*(AH(-&%#,"&(^&-(>DD&.%%*Z&\(Z>#$(A",&-'"`J(:(%^-"'(71:7!^&-(&5D%"'(%%*(>*?(J&*@%%-( ,&(D%J&*G(+&()&-*&D&*("*(AH(-&%#,"&(.-%%.("*($>&)&--&(AH(=%@>(^%?,(@"**&*($&,(Z>>-(>*?(.&?,&'Z&( ^->Y"&'(&*(H%%-A",(Z&(@&,->JJ&*$&"Z()%*(Z&(Z"-&#,&A-\(Z&(^->`&#,'&"Z&-(&*(Z&(@&,->JJ&*(Z>#&*,&*( @'"`J,G(!P(JA*,(AH(&5D%"'(-"#$,&*(%%*(F-H"*(M>D%?(&G@>D%?IJ&**"?*&,G*'(D&,(&&*(##(%%*(L",$%( C%*Z)'"&,(.G_%*Z)'"&,IJ&**"?*&,G*'G(R>>-(*%Z&-&(?^&#"Y"#%,"&()%*(Z&(?&'&#,"&^->#&ZA-&()&-H"`_&*(H&( *%%-(@"`'%.&(KKG(( ( K*Z"&*(A(*>.()-%.&*($&@,(*%%-(%%*'&"Z"*.()%*(Z&_&(@-"&Y\(JA*,(A(#>*,%#,(>^*&D&*(D&,(F-H"*(M>D%?( &G@>D%?IJ&**"?*&,G*'(>Y(L",$%(C%*Z)'"&,(.G_%*Z)'"&,IJ&**"?*&,G*'G( ( ( ( !&,()-"&*Z&'"`J&(.->&,\( O,"#$,"*.(N&**"?*&,( ( ( ( ( !"#$%&'()%*(+&,&-"*.( !%*%.&-(K**>)%,"&( ( !"#$%&'()*((+,-#'./"01-23(( !"#$%&'())*(+,-4"'$5.1'/5('0(5'$'./"'/,%#'./( !"#$%&'()))*(6'52$/%/'0(7','0(8%0(3'(9-':-;5/(+?>(±(@??( ((
(
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I&^%??"*.&*(&*( ,&#$*>'>."&()>>-(,>&J>D?,.&-"#$,0&-4(>*Z&-H"`?(074G(( ( :4(K**>)%,"&()-%%.,(&&*(%#,"&)&($>AZ"*.(>D(Z&(H&-&'Z(,&()&-%*Z&-&*G(B'?(>)&-$&"Z(JA*(`&(%#,"&Y( ,-%#$,&*(Z&(D%%,?#$%^^"`(,&()&-@&,&-&*(Z>>-()&-%*Z&-"*.&*("*(,&(_&,,&*("*(^'%%,?()%*(H%#$,&*(,>,(Z&( D%%,?#$%^^"`(`&(>D()&-%*,H>>-Z"*.()-%%.,G(B'?(@&Z-"`Y(JA*(`&(%#,"&Y(`&(^->ZA#,&*()&-*"&AH&*(>D( @&,&-(,&(@&%*,H>>-Z&*(%%*(Z&(@&$>&Y,&()%*(Z&(D%-J,()>>-Z%,(#>*#A--&*,&*(D&,(@&,&-&(%',&-*%,"&)&*( MHGHPDUNWXLWSULM]HQ6XFFHVYROOHLQQRYDWLHNRPW]HOGHQYRRUWXLWµKHWOHUHQYDQKHWYHUOHGHQ¶ J"`J&*($>&(_%J&*()>>-$&&*(H&-Z&*(.&Z%%*(&*(Z&_&(>^'>??"*.&*(&c,-%^>'&-&*(*%%-(Z&(,>&J>D?,G( 6XFFHVYROOHLQQRYDWLHLVHHUGHUJHEDVHHUGRSµKHWOHUHQYDQGHWRHNRPVW¶ LQVSHOHQRSPRJHOLMNKHGHQ Z"&(_"#$()%*A",($&,($&Z&*(%%*Z"&*&*(>D(Z&(,>&J>D?,(%#,"&Y()>-D(,&(.&)&*G( ( W&,(>*Z&-H"`?\(D&,(*%D&(,>&J>D?,".&('&&-J-%#$,&*\("?(@"`(A",?,&J()>-D.&)&-()%*(Z&( @&->&^?@&)>'J"*.()%*(Z&(,>&J>D?,(&*("?(Z%%->D(.&@%%,(@"`($&,()&-?,&-J&*()%*(Z&(&".&*( "**>)%,"&J-%#$,G( ( 74(K#,(Z-%%.,(@"`(%%*(&YY"#"b*,&-\(&YY&#,"&)&-(&*(%%*,-&JJ&'"`J&-(>*Z&-H"`?(0R"&-("*(M%'%*?(!>*",>-( 71::4G(K#,(@"&Z,(D>.&'"`J$&Z&*(>D(Z&(,%'&*,>*,H"JJ&'"*.()%*(Z&("*Z")"ZA&'&('&&-'"*.(>^,"D%%'(,>,(_"`*( -&#$,(,&('%,&*(J>D&*G(U&(>*,H"JJ&'"*.&*("*("#,(&*(Z&(%Z>^,"&(&-)%*(Z>>-('&&-'"*.&*(.%%*(&#$,&-("*(&&*( _&&-(-%^(,&D^>G(+"'($&,(>*Z&-H"`?("*?^&'&*(>^(Z&(D>.&'"`J$&Z&*()%*("#,(&*(@'"`)&*(%%*?'A",&*(>^(Z&( @&'&)"*.?H&-&'Z()%*($%%-('&&-'"*.&*(_%'(_&(%#,"&Y(>^(Z&($>>.,&(D>&,&*(_"`*()%*(Z&(>*,H"JJ&'"*.&*(>^( "#,(.&@"&ZG(( *( (25P76AA6* 2YHUGUDDJEDUHNHQQLVHQH[SHUWLVHYRRU3DER¶VRPWUHQWKHWH[SHULPHQWHUHQPHWRQGHU]R&J&*(&*( "*_&,,&*()%*("**>)%,"&)&("#,5,>&^%??"*.&*(0:4(]RGDW3DER¶VKXQVWXGHQWHQRSWLPDDONXQQHQ )>>-@&-&"Z&*(>D("*($A*(,>&J>D?,".&(>*Z&-H"`?'>>^@%%*(_>(.>&Z(D>.&'"`J(.&@-A"J(,&(D%J&*()%*("#,( 074G(( ( :4(+"'($&,(>*Z&-H"`?("*?^&'&*(>^(Z&(D>.&'"`J$&Z&*()%*("#,(&*(@'"`)&*(%%*?'A",&*(>^(Z&( @&'&)"*.?H&-&'Z()%*($%%-('&&-'"*.&*(_%'(_&(%#,"&Y(>^(Z&($>>.,&(D>&,&*(_"`*()%*(Z&(>*,H"JJ&'"*.&*(>^( "#,(.&@"&ZG(U",()-%%.,(&&*()>>-,ZA-&*Z(&c^&-"D&*,&-&*(D&,(&*(>*Z&-_>&J&*()%*("#,5,>&^%??"*.&*(&*( ,&#$*>'>."&b*(%'?(&??&*,"&&'(>*Z&-Z&&'()%*(Z&(&".&*("**>)%,"&J-%#$,G( ( 74(U&("#,5@&JH%%D$&"Z?&"?&*(JA**&*($"&-@"`(YA*.&-&*(%'?(-&Y&-&*,"&(@"`($&,(#>*#-&,"?&-&*()%*( )%%-Z".$&Z&*()%*(Z&(=%@>(?,AZ&*,&*]($,,^][["#,@&JH%%D$&"ZGJ&**"?*&,G*'[Y"'&%ZD"*[J&**"?*&,[K#,5 @&JH%%D$&"Z?&"?&*[KV/dM&JH%%D$&"ZdQ&-%-&*d):G1G^ZY(( ( *
*
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I*Z&-H"`?Z>&'(&&*(&c^&-"D&*,(A",)>&-&*G(U&_&(Z>#&*,&*(*&D&*("*(Z&(&&-?,&(Y%?&()%*($&,(^->`&#,(06&( JH%-,%%'(71:74(Z&&'(%%*(&&*(%%*,%'(Z>>-(N&**"?*&,(.&>-.%*"?&&-Z&(?&??"&?(0>*Z&-(%*Z&-&(Z&( N&**"?*&,(OADD&-?#$>>'4\(H%%-@"`(_"`(J&**"?D%J&*(D&,(Z&(->'(Z"&("#,(J%*(?^&'&*("*($&,(>*Z&-H"`?G(( ( S^(@%?"?()%*(Z&_&(@"`&&*J>D?,&*(@&J"`J&*(Z&(Z&&'*&D&-?(?%D&*(D&,('&)&-%*#"&-?()%*(Z&(*"&AH?,&( "#,5,>&^%??"*.&*(±(&*(@&.&'&"Z(Z>>-(N&**"?*&,(±(H&'J&("#,5,>&^%??"*.&*($&,(@&?,(%%*?'A",&*(@"`($A*( &".&*()>>-%Y(.&?,&'Z&(>*Z&-H"`?Z>&'&*G(U&(>*Z&-H"`?Z>&'&*(_"`*('&"Z&*Z()>>-(Z&(J&A_&()%*(Z&(,>&(,&( ^%??&*(,&#$*>'>."&G(W"&-*%()>&-&*(Z&(Z&&'*&D&-?("*($&,(X&(JH%-,%%'()%*(71:7(&c^&-"D&*,&*(A",(D&,( &&*(Z>>-($&*(.&?&'&#,&&-Z&("#,5,>&^%??"*.("*(Z&(^-%J,"`J()%*(Z&(=%@>G(K*(Z&_&(^&-">Z&(@&$%*Z&',(Z&( )%JZ>#&*,(Z&(-&.A'"&-&('&??,>Y\(D%%-(D&,(@&$A'^()%*(Z&(*"&AH?,&("#,5,>&^%??"*.G(F&*(.>&Z&(@%'%*?( )%*("#,5.&@-A"J(&*(Z&()&-?#$"''&*Z&(H&-J)>-D&*("?(Z%%-@"`(A",&-%%-Z()%*(@&'%*.G( ( /&-("*?^"-%,"&(*>&D&*(H&($"&-@"`(&&*(%%*,%'()>>-@&&'Z&*()%*(D>.&'"`J&(,>&^%??"*.&*]( x
O$>HD&("?(&&*(%^^'"#%,"&(H%%-D&&(Z&(Z>#&*,[?,AZ&*,(_&'Y(&&*(.&%*"D&&-Z(Y"'D^`&(J%*( D%J&*G(M"`(W&,(Q&-&*()%*(Z&(/>&J>D?,(0Q)Z/4(RS($&@@&*('&&-'"*.&*(_&'Y(&&*( "*?,-A#,"&Y"'D^`&(.&D%%J,(>)&-($&,(>*Z&-H&-^(µKRHZHUNWGHSHUVRRQVYRUP¶(HQYRRUEHHOG "?($"&-(,&()"*Z&*G(M"`(Q)Z/(RS(H&-Z&*(.&ZA-&*Z&($&,(^->`&#,(,%@'&,?(Z>>-('&)&-%*#"&-?( @&?#$"J@%%-(.&?,&'ZG(
x
/"`Z&*?(Z&(H"?JA*Z&('&?(D%%J,&*(&*('"&^&*(Z&(Z>#&*,&*(&*('&&-'"*.&*(&&*(?^&A-,>#$,(Z>>-( .DPSHQPEYKHWSURJUDPPDVFHQHVHQPRELHOHWHOHIRRQV+HWRQGHUZHUSZDVµVFKDDO¶ HQµRSSHUYODNWH¶*HGXUHQGHKHWSURMHFWZHUGHQPRELHOHWHOHIRRQVEHVFKLNEDDUJHVWHOGGRRU &&*('&)&-%*#"&-G((
x
L'>.?,&-("?(&&*(H&@(7G1(,>>'(H%%-D&&("*,&-%#,"&)&(^>?,&-?(.&D%%J,(JA**&*(H>-Z&*G(M"`( /YG792ZHUGHQELQQHQKHWYDNµQHGHUODQGV¶SRVWHUVJHPDDNWRPWUHQWKHWEHJULSµVSDQQLQJ¶ 0W>&(D%%J(`&(&&*(?^%**&*Z&(,&J?,\(H&'J&(&'&D&*,&*(_"`*($"&-"*(@&'%*.-"`J4G(W"&-(H&-Z( )&-)>'.&*?(&&*(DA',"D&Z"%'&(^>?,&-()%*(.&D%%J,](&&*(%',&-*%,"&)&(D%*"&-()%*($&,( ,-%Z",">*&'&(H&-J?,AJG(
x
0HWµIOLSSLQJWKHFODVVURRP¶ KHWRPGUDDLHQYDQGHOHV YROJHQOHHUOLQJHQWKXLVYLD\RXWXEH Z&(A",'&.()%*(Z&(Z>#&*,G(U>#&*,(&*('&&-'"*.(JA**&*(Z%*(Z&(-&.A'"&-&('&?,"`Z("*(Z&(J'%?(%*Z&-&( "*)A''"*.(.&)&*(&*(,"`Z&*?(Z&(J'%??"J%'&('&?("?(&-(,"`Z(>D(,&(-&Y'&#,&-&*G(U>>-(&&*(Z>#&*,( JHPDDNWHYLGHR¶V]LMQ$"&-(,&(@&J"`J&*G(( (
U&('&??&*(Z"&(?,AZ&*,&*()%*(Z&(@&,-&YY&*Z&(Z&&'*&D&*Z&(Z>#&*,&*()&-)>'.&*?(_&'Y(JA**&*(>^Z>&*( D&,(Z&("#,5,>&^%??"*.(@"`("*_&,(>^(&&*(?#$>>'\(@"`)>>-@&&'Z("*($&,(J%Z&-()%*(&&*(?,%.&\(&&*(D"*>-(>Y( &&*(%Y?,AZ&&->*Z&-_>&J\(_"`*(_&&-(H%%-Z&)>'(>D(H&&-(,&-A.(,&(J>^^&'&*(%%*(Z&(=%@>Z>#&*,&*G( K*Z"&*(D>.&'"`J(H"''&*(H&(@&,->JJ&*(?,AZ&*,&*("*(&&*('%%,?,&(Y%?&()%*($&,(^->`&#,(0)%*%Y($&,(X&( JH%-,%%'(71:7(,>,(A",&-'"`J($&,(7&(JH%-,%%'()%*(71:64(Z&(&-)%-"*.&*(D&,(Z&("#,5,>&^%??"*.(>^(&&*( ?#$>>'('%,&*(>*Z&-_>&J&*G(U",(>*Z&-_>&J(J%*(&&*(@&'%*.-"`J&(%%*)A''"*.()>-D&*(>^(Z&('&??&*(Z"&(Z&( =%@>Z>#&*,&*(D&,("*_&,()%*(Z&("#,5WRHSDVVLQJWLMGHQVµ+HW/HUHQYDQGH7RHNRPVW¶JHJHYHQKHEEHQ( ( U&(Z&&'*&D&*Z&(=%@>(H>-Z,(.&ZA-&*Z&($&,(.&$&'&(,-%`&#,(@&.&'&"Z(Z>>-(N&**"?*&,G(R>>-H%%-Z&("?( Z%,(Z&(Z"-&#,"&(&*($&,(^->`&#,,&%D("*#'A?"&Y(Z&(Z&&'*&D&*Z&(Z>#&*,&*(%#$,&-($&,(^->`&#,(?,%%*G(R>>-( Z&(=%@>("?($&,(Za(J%*?(>D()>>-'>^&-(,&(H>-Z&*("*($&,(>*Z&-H"`?G((
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I>-(&&*(=%@>(>D( ! $%%-(Z>#&*,&*(,&(^->Y&??">*%'"?&-&*(>^(Z&("*_&,()%*("#,("*($&,(>*Z&-H"`?e( ! $%%-(?,AZ&*,&*(&c,-%(@%.%.&(D&&(,&(.&)&*(>^($&,(.&@"&Z()%*("**>)%,"&(D&,("#,("*( $&,(>*Z&-H"`?e( ! _"#$_&'Y(>^(Z&(J%%-,(,&(_&,,&*(%'?("**>)%,"&)&(>^'&"Z"*.(&*(&&*()>>-'>^&-(,&(H>-Z&*( >^($&,(.&@"&Z()%*(>*Z&-H"`?(&*("#,G( x Fc^&-,"?&( N&**"?*&,($&&Y,(.&&*(Y"*%*#"b'&(D"ZZ&'&*(Z"&(Z"-&#,(@&?,&&Z@%%-(_"`*()>>-(Z&(=%@>\(D%%-( @"&Z,(-A"D&("*_&,(&*(>*Z&-?,&A*"*.()%*($%%-(D&Z&H&-J&-?(D&,(&c^&-,"?&(>^($&,(.&@"&Z()%*](( ! ^->`&#,'&"Z"*.e(( ! "*$>AZ&'"`J&(>*Z&-H"`?JA*Z".&(J&**"?(&*(&-)%-"*.("*(-&'%,"&(,>,(Z&("*_&,()%*("#,e( ! >*Z&-?,&A*"*.(&*(%Z)"&?()%*A",(>*Z&-_>&Je( ! H&@-&Z%#,"&e(( ! #>DDA*"#%,"&(0"*#'A?"&Y('%*Z&'"`J&(^&-?#>*,%#,&*4e( ! &-)%-"*.(D&,(&&-Z&-&(&Z","&?()%*(W&,(Q&-&*()%*(Z&(/>&J>D?,G( x E&,H&-J( N&**"?*&,($&&Y,(&&*(.->>,(*&,H&-J()%*(&c^&-,?(@"**&*(&*(@A",&*($&,(>*Z&-H"`?)&'Z(>^($&,( .&@"&Z()%*(>*Z&-H"`?(&*("#,(&*($&&Y,(*%AH(#>*,%#,(D&,('&)&-%*#"&-?()%*("**>)%,"&)&("#,5 ,>&^%??"*.&*(&*(,&#$*>'>."&(Z"&(,&-(@&?#$"JJ"*.(JA**&*(J>D&*()%*($&,(^->`&#,G( x Fc^>?A-&( U&(&-)%-"*.(D&,()>-".&(&Z","&?()%*(W&,(Q&-&*()%*(Z&(/>&J>D?,("?(Z%,(&-("*(#>DDA*"#%,"&( )&&'(%%*Z%#$,()>>-("?]( ! )"%(Z&(#>DDA*"#%,"&J%*%'&*()%*(N&**"?*&,](H&@?",&?\($&,(,"`Z?#$-"Y,(K*U-AJ(&*( ^-&?&*,%,"&?e( ! )%J@'%Z&*(0_>%'?(R")&?4(&*()>>-(W&,(Q&-&*()%*(Z&(/>&J>D?,("?(>>J(%%*Z%#$,( .&H&&?,()%*A",('%*Z&'"`J&(D&Z"%(0ETV\(/->AH\(f&A.Z`>A-*%%'\(&,#G(_"&(>>J(@"`'%.&( KKK($"&->*Z&-4G(=&-?%%*Z%#$,("?(*"&,(%YZH"*.@%%-(&*(D>&,()>'.&*?(>*?(>>J()>'.&*( A",(&&*(.>&Z&("*$>AZ&'"`J&(>^_&,(&*(Z%%-D&&(&&*("*,&-&??%*,(-&?A',%%,G(U",("?(.&&*( Z>&'(>^(_"#$\(D%%-(J%*('>."?#$()>>-,J>D&*(A",($&,(?A##&?(Z%,(Z&(Z&&'*&D&-?(&*( N&**"?*&,(&-(.&_%D&*'"`J()%*(JA**&*(D%J&*G( x '>."&b*(?,%%,(&&*(%%*,%'(Z%.&*(,&-(@&?#$"JJ"*.()%*($&,(^->`&#,G(
&?CR427** * %7O2D223* x B''&(@&,->JJ&*&*(0=%@>\()%JZ>#&*,&*\(?,AZ&*,&*4(( ! ?,%%*(>^&*(>D(Z&(D>.&'"`J$&Z&*(,&(>*Z&-_>&J&*(Z"&("#,(@"&Z,()>>-($&,(&YY"#"b*,&-\( &YY&#,"&)&-(&*(-"`J&-(D%J&*()%*($&,('&-&*\(>-.%*"?&-&*(&*()&-%*,H>>-Z&*()%*A",(Z&( ?#$>>'e( ! ?,%%*(%#$,&-(Z&(Z>&'?,&''"*.&*()%*($&,(^->`&#,\(*%%?,(Z&(&".&*(-A"D,&()>>-( %%*)A''"*.(Z%%->^e( ! ?,%%*(>^&*(>D(&&*(J>^^&'"*.(,&(D%J&*(D&,(Z&("#,5@&JH%%D$&"Z?&"?&*e((((((((((((((((((((((((((((( ! _"`*(&*,$>A?"%?,\(.&Z-&)&*(&*(.&#>DD",,&&-Z(>D($&,(^->`&#,(,>,(&&*(?A##&?(,&( D%J&*G(
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%IA?"%?,&\(.&Z-&)&*(&*(.&#>DD",,&&-Z&(^->`&#,'&"Z&-(0Z",(J%*( &&*()%*(Z&(^%-,"#"^&-&*Z&()%JZ>#&*,&*(_"`*\(D%%-(@"`)>>-@&&'Z(>>J(&&*("#,(Z>#&*,(>Y("#,( #>g-Z"*%,>-(@"**&*(Z&(=%@>4\(Z"&(( ! DFKWHU³+HW/HUHQYDQGH7RHNRPVW´VWDDWHQGHHLJHQLQVWHOOLQJEHWURNNHQ Z>#&*,&*(&*(?,AZ&*,&*(>)&-,A".,()%*(Z&(J%*?&*(&*(D>.&'"`J$&Z&*(Z"&($&,(^->`&#,( @"&Z,e( ! "*(Z&($>&Z%*".$&"Z()%*(^->`&#,'&"Z&-( >)&-(Z&(D"ZZ&'&*(@&?#$"J,(>D(-&?A',%%,(%Y(,&(ZH"*.&*e(( -%^^>-,&&-,(%%*(&&*(?,AA-.->&^\(@&?,%%*Z&(A",(%Y.&)%%-Z".Z&*()%*(Z&( &".&*(=%@>(&*(N&**"?*&,(0Z&(?,AA-.->&^(J>D,(D%c"D%%'(:c(^&-(D%%*Z( @"`&&*4G(( x U-%%.)'%J(@"**&*(Z&(Z"-&#,"&\(( ! Z&(Z"-&#,"&("?(.&D>,")&&-Z(>D(D&,(Z&(=%@>(%%*($&,(^->`&#,(D&&(,&(Z>&*(&*(?,%%,( %#$,&-(Z&(Z>&'?,&''"*.&*()%*($&,(^->`&#,\(*%%?,(Z&(&".&*(-A"D,&()>>-(%%*)A''"*.( Z%%->^e( ! Z&(Z"-&#,"&(H"'(&-(&&*(?A##&?()%*(D%J&*(&*(#>DD",,&&-,(_"#$(Z>>-(Z&(@&*>Z".Z&( D"ZZ&'&*()-"`(,&(D%J&*G(U",(.%%,(D&,(*%D&(>D(,"`Z()%*(Z&(^->`&#,'&"Z&-(&*($&,( ?,AA-.->&^'"Z\(@&,->JJ&*(Z>#&*,&*(&*(&)&*,A&&'(Z&(?,AZ&*,&*G(P",&-%%-Z(J%*(Z&( @&?#$"J@%%-$&"Z()%''&*(>*Z&-(-&&Z?(@&.->,&(A-&*("*($&,(J%Z&-()%*(@&?,%%*Z&( %#,")",&",&*\(@"`)>>-@&&'Z(Z>>-(J>^^&'"*.(%%*(%Y?,AZ&&-5(>Y(?,%.&,-%`&#,&*(>Y( @&?,%%*Z&(D"*>-?\(D>ZA'&?(>Y(^->`&#,&*e( ! Z&(Z"-&#,"&(H"'("*Z"&*(*>Z".(^&-?(,&(H>>-Z(?,%%*G( x V>DD",D&*,(@"`(%''&(>)&-".&(Z"-&#,(@&,->JJ&*&*(0$&,(?,AA-.->&^'"Z\(Z&(^->`&#,'&"Z&-(&*( @&,->JJ&*(Z>#&*,&*4\(Z&_&(Z"-&#,(@&,->JJ&*&*(( ! ^%-,"#"^&-&*(%#,"&Y("*($&,()>>-,-%`&#,\(*"&,(%''&&*("*(Z&(A",)>&-"*.e( ! H"''&*(&&*(%#,"&)&(->'(?^&'&*(@"`(Z&()>-D"*.()%*($&,(^->`&#,(_&'YG(U&(=%@>( >*Z&-?,&A*,(Z&(?,AZ&*,&*(@"`($&,(>^(,&(?,&''&*(>*Z&-H"`?^->.-%DD%(&*(Z&( >*Z&-_>&J?)-%.&*e(( ! #>DD",,&-&*(_"#$(%%*(Z&(,&()>'.&*(H&-JH"`_&(*%(>)&-&&*?,&DD"*.(D&,(&".&*( "*@-&*.G( x O,-A#,A-&'&(@&?#$"J@%%-$&"Z()%*(%''&(@&,->JJ&*&*(>)&-(Z&(^&-">Z&()%*%Y(D&"(71:7(,>,(&*( D&,(Z&(A",)>&-"*.(&*(&)%'A%,"&()%*($&,(&)&*,A&'&(>*Z&-_>&J?^->`&#,()%*(Z&(@&,-&YY&*Z&( ?,AZ&*,&*(0&&*(,-%`&#,(Z%,(^'%%,?)"*Z,("*(Z&(^&-">Z&()%*%Y(&"*Z(71:7(,>,(&*(D&,(A",&-'"`J($&,( ,H&&Z&(JH%-,%%'(71:6(0@"`()>>-J&A-(&&-Z&-\(_>)&-(%'?(Z&(%%*?'A","*.(>^($&,(#A--"#A'AD()%*( Z&(=%@>(Z",(,>&'%%,44G(W&,(_H%%-,&^A*,()%*($&,(,-%`&#,('".,(>^($&,(6&(&*(X&(JH%-,%%'()%*(71:7( %'?(Z&(&c^&-"D&*,&*(D&,(Z&(.&?&'&#,&&-Z&("#,5,>&^%??"*.&*(>^(Z&(=%@>(A",.&)>&-Z(H>-Z&*( 0&-)%-"*.('&&-,(Z%,(&-(D"*"D%%'(8(H&J&*(*>Z".(_"`*(>D(&&*("#,5,>&^%??"*.("*(Z&(^-%J,"`J(,&( &-)%-&*(&*(,&(>*Z&-_>&J&*4G( x M&-&"Z$&"Z(>D(%''&(&-)%-"*.&*(&*('&??&*(A",($&,(^->`&#,(&*(%''&("*($&,(J%Z&-()%*($&,(^->`&#,( ,&(>*,H"JJ&'&*('&&-D"ZZ&'&*(^A@'"&J(,&(Z&'&*G( x U&(=%@>(@&?#$"J,(>)&-(&&*(%Z&hA%,&(,&#$*"?#$&(>-.%*"?%,"&\(@&?,%%*Z&(A",]( ! !&Z&H&-J"*.(&*(>*Z&-?,&A*"*.(,"`Z&*?(Z&()>>-@&-&"Z"*.(&*(A",)>&-"*.()%*($&,( ^->`&#,\(&*(Y'&c"@"'",&",()>>-($&,(.&@-A"J()%*(&&*(Z")&-?",&",(%%*("#,5,>&^%??"*.&*( "*.&@-%#$,(Z>>-('&)&-%*#"&-?("*($&,(J%Z&-()%*($&,(^->`&#,G( ! F&*(@&,->AH@%-&(&*(%Z&hA%,&("*,&-*&,)&-@"*Z"*.G( &?CR427*@A1BCJ23623*S24523T* x F*,$>A?"%?,\(.&Z-&)&*(&*(.&#>DD",,&&-Z(0_"&(>>J(Z&(%'.&D&*&(&"?&*($"&-@>)&*4G( x @&-&"Z$&"Z(>D(%''&(&-)%-"*.&*(&*('&??&*(A",($&,(^->`&#,(,&(Z&'&*\(@"`()>>-J&A-(>*'"*&()"%( @"`)>>-@&&'Z(,H",,&-\(&&*(@'>.(>Y(&&*()'>.\(( x @&-&"Z$&"Z(>D(%''&("*($&,(J%Z&-()%*($&,(^->`&#,(,&(>*,H"JJ&'&*('&&-D"ZZ&'&*(^A@'"&J(,&( Z&'&*G(! !
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I)%,"&J-%#$,()%*(Z&(=%@>G(='%**&*(Z"&(ZA"Z&'"`J(D%J&*($>&(Z&(=%@>(Z&()&-H%#$,&( -&?A',%,&*(A",(^->`&#,(?,-A#,A-&&'("*@&Z,("?(&&*(^-aG( x B%*Z%#$,(&*(&c^'"#"&,&(^'%**&*()>>-($&,(@&,-&JJ&*()%*(_>)&&'(D>.&'"`J(Z>#&*,&*(>)&-(Z&( .&$&'&(=%@>($&&*(>D(Z&("**>)%,"&J-%#$,()%*(Z&("*?,&''"*.(>)&-(Z&(@-&&Z,&(,&()&-?,&-J&*("?( &&*(^-aG(+%%-(&-(%'(@&?,%%*Z&(^'%,Y>-D?(>Y(?%D&*H&-J"*.?)&-@%*Z&*(@&?,%%*($"&-,>&\( .-%%.()&-D&'Z&*G( x U&('&??&*(Z"&(?,AZ&*,&*()&-)>'.&*?(_&'Y(JA**&*(>^Z>&*(D&,(Z&("#,5,>&^%??"*.(@"`("*_&,(>^( &&*(?#$>>'\(@"`)>>-@&&'Z("*($&,(J%Z&-()%*(&&*(?,%.&\(&&*(D"*>-(>Y(&&*(%Y?,AZ&&->*Z&-_>&J\( _"`*(_&&-(H%%-Z&)>'(>D(H&&-(,&-A.(,&(J>^^&'&*(%%*(Z&(=%@>G(K*Z"&*(D>.&'"`J(H"''&*(H&( @&,->JJ&*(?,AZ&*,&*("*(&&*('%%,?,&(Y%?&()%*($&,(^->`&#,(0)%*%Y($&,(X&(JH%-,%%'(71:7(,>,( A",&-'"`J($&,(7&(JH%-,%%'()%*(71:64(Z&(&-)%-"*.&*(D&,(Z&("#,5,>&^%??"*.(>^(&&*(?#$>>'('%,&*( >*Z&-_>&J&*G(U",(>*Z&-_>&J(J%*(&&*(@&'%*.-"`J&(%%*)A''"*.()>-D&*(>^(Z&('&??&*(Z"&(Z&( =%@>Z>#&*,&*(D&,("*_&,()%*(Z&("#,5WRHSDVVLQJWLMGHQVµ+HW/HUHQYDQGH7RHNRPVW¶JHJHYHQ $&@@&*G(W&,($&&Y,(Z&()>>-J&A-(%'?($&,(^->`&#,(&&*(Z&-.&'"`J&(Y%?&(J%*(@&)%,,&*G( x N&**"?*&,(?,-&&Y,(*%%-(&&*(.->&^()%*(652(.&D>,")&&-Z&()%JZ>#&*,&*(>D($&,(^->`&#,(D&&( ,&*(A",)>&-(,&(@-&*.&*G(N&**"?*&,($>AZ,(Z&(D>.&'"`J$&"Z(>^&*(>D()%JZ>#&*,&*(&*( VWXGHQWHQYDQPHHUGHUH3DER¶VWHVHOHFWHUHQDOVHUSHU3DERQLHWYROGRHQGHYDNGRFHQWHQHQ ?,AZ&*,&*(.&?#$"J,(.&)>*Z&*(H>-Z&*G(K*(Z",(.&)%'($&&Y,($&,(Z&()>>-J&A-(%'?(&-(&&*( ?%D&*H&-J"*.(@&?,%%,(,A??&*(D&&-Z&-&(3DER¶VGXVLQKHWJHYDOYDQHHQGHUJHOLMN ?%D&*H&-J"*.?)&-@%*Z(.-%%.()&-D&'Z&*G(( x W&,("?(&&*(^-a(%'?(&-(?i*&-."&(.&)>-DZ(J%*(H>-Z&*(Z>>-(%%*?'A","*.(>^(@&?,%%*Z&(-&'&)%*,&( "*,"%,"&)&*G(( x (HQ]RDFWLHIPRJHOLMNHNHQQLVGHOLQJRYHU3DER¶VKHHQELQQHQ(@&?,%%*Z&( ?%D&*H&-J"*.?)&-@%*Z&*(>Y('%*Z&'"`J&(*&,H&-J&*G( x K#,(J%*(*"&,(%''&&*("*($&,('&-&*(D%%-(>>J("*($&,(>-.%*"?&-&*()%*($&,(>*Z&-H"`?(&*($&,( )&-%*,H>>-Z&*($"&->)&-(&&*(->'(?^&'&*G(+&(_"&*($&,(%'?(^-a(%'?(&-()%*A",(Z&(=%@>(>>J( %%*Z%#$,("?()>>-(Z&(->'()%*("#,("*(Z&_&(?&#A*Z%"-&(^->#&??&*G( )272J6426?AL2J6* PH(-&%#,"&(Z"&*,(D"*"D%%'(Z&()>'.&*Z&(_%J&*(,&(@&)%,,&*]( x
F&*(Z>>-(Z&(Z"-&#,&A-(>*Z&-,&J&*Z&(@-"&Y(D&,(&&*(D>,")%,"&()%*(D%c"D%%'(:111(H>>-Z&*( H%%-A",(@'"`J,(Z%,(Z&(=%@>(J%*()>'Z>&*(%%*(Z&(&"?&*(_>%'?(.&?,&'Z("*($&,(^->Y"&'("*(Z&_&( @"`'%.&G(
x
F&*(D>,")%,"&()%*($&,(^->`&#,,&%D(0^->`&#,'&"Z&-(&*(?,AA-.->&^'"Z4()%*(D%c"D%%'(211( H>>-Z&*G(
x
!>,")%,"&?()%*(@&,->JJ&*(Z>#&*,&*()%*(D%c"D%%'(611(H>>-Z&*\(H%%-"*(Z&()>'.&*Z&(,H&&( )-%.&*(@&%*,H>>-Z(H>-Z&*](H%%->D(H"',(A(^%-,"#"^&-&*(&*(H%,(H"',(A(D&,($&,(^->`&#,( @&-&"J&*j(
( U&(?&'&#,"&(J&*,(,H&&(Y%?&*G(F&-?,(H>-Z,(@&>>-Z&&'Z(>^(?#$-"Y,&'"`J&(D>,")%,"&?G(U&(&"?&*(_"`*($"&-@"`( -%*Z)>>-H%%-Z&'"`J(&*(Z&(H&*?&*(>*Z&-?#$&"Z&*ZG(E%(?&'&#,"&()%*(Z&(@&?,&(D>,")%,"&?(H>-Z&*(D&,( D%c"D%%'(6("*?,&''"*.&*(.&?^-&JJ&*(.&)>&-Z(D&,(Z&(Z"-&#,&A-(&*($&,(^->`&#,,&%D(0@&?,%%*Z&(A",($&,( ?,AA-.->&^'"Z\(Z&(^->`&#,'&"Z&-(&*(&&*()&-,&.&*H>>-Z"."*.()%*(Z&(@&,->JJ&*4("*(Z&(D%%*Z(%^-"'G( M&."*(D&"(J%*(Z%*(Z>>-(N&**"?*&,(Z&(?&'&#,"&()%*(Z&(=%@>(@&J&*Z(H>-Z&*(.&D%%J,\(_>Z%,(&-()%*%Y( D&"()>>-(Z&(@&,-&YY&*Z&(=%@>(*>.(.&*>&.(,"`Z(>)&-(@'"`Y,(>D(Z&(&)&*,A&&'(@&*>Z".Z&(D%%,-&.&'&*(,&( ,-&YY&*()>>-($&,(#A--"#A'AD()%*($&,(J>D&*Z&(?#$>>'`%%-G(N&**"?*&,('%%,(Z&(D>.&'"`J$&"Z(>^&*(>D( PHHUGHUH3DER¶VWHVHOHFWHUHQDOVGLWHHQEHWHUHPL[YDQJHVFKLNWHNDQGLGDWHQRSOHYHUW(
(
(
(
=26*>2?23*@A3*B2*$C21CD56*FGHF*
&%I`&#,(Q&-&*()%*(Z&(/>&J>D?,(=S(>^(&&*(?#$>>'(A",.&)>&-ZG(K*( Z",(^->`&#,("?(&-(>^(&&*(@%?"??#$>>'(Z-"&(H&J&*('%*.('&?.&.&)&*(D&,(@&$A'^()%*("**>)%,"&)&("#,5 ,>&^%??"*.&*(0_>%'?(,>A#$,%@'&?(&*(?D%-,^$>*&?4(D&,(%'?(Z>&'(>D(,&('%,&*(_"&*(Z%,("#,(&&*( @"`Z-%.&(J%*('&)&-&*(>D($&,(>*Z&-H"`?(%%*,-&JJ&'"`J&-\(&YY"#"b*,&-(&*(&YY&#,"&)&-(,&(D%J&*G(U",( ?A##&?)>''&(^->`&#,($&&Y,()&&'(0D&Z"%54%%*Z%#$,(.&.&*&-&&-ZG(F&*(%%*,%'(-&?A',%,&*()%*(Z",( ^->`&#,()"*Z(A($"&-]( ( x
$,,^][['&-&*)%*Z&,>&J>D?,GH>-Z^-&??G#>D[(((
x
$,,^][[`&A.Z`>A-*%%'G*'[",&D[:X2;135?*&''&5.%Z.&,?5"*5Z&5J'%?G$,D'(
x
$,,^][[HHHG-,'G*'[#>D^>*&*,?[%#,A&&'[&Z","&*'[D"!&Z"%[71:1[H&&J:6[Z"dJ'%?d)%*d7161G%)" d^'%"*GcD'(
* (25P76A623*>2?23*@A3*B2*$C21CD56*Q"*FGHH* W&,(K#$,$A?(#>''&.&("*(N%D^&*($&&Y,()%*(6(,>,(&*(D&,(7:(>J,>@&-('&?.&.&)&*(D&,(@&$A'^()%*(Z&( *"&AH?,&(,&#$*>'>."&G(/"`Z&*?($&,(&c^&-"D&*,($&&Y,(&&*(7&(`%%-?(R!MS5J'%?(&*(Z>#&*,&*(&-)%-"*.&*( >^.&Z%%*(D&,(Z&(D>.&'"`J$&Z&*()%*(&&*('&&->D.&)"*.(H%%-"*("**>)%,"&)&(,&#$*>'>."?#$&( >^'>??"*.&*(>^,"D%%'(H>-Z&*(@&*A,G(F&*(%%*,%'(-&?A',%,&*()%*(Z",(^->`&#,()"*Z,(A($"&-]( ( x
$,,^][[HHHG$&,'&-&*)%*Z&,>&J>D?,G*'[(
x
$,,^][[,"`Z?#$-"Y,G$&,'&-&*)%*Z&,>&J>D?,G*'[( U",(-0$"0'(/"#35.1,"4/(8%0(A'/(7','0(8%0(3'(9-':-;5/(@'"J,(,&-A.(>^(Z",(@"`_>*Z&-&( &c^&-"D&*,G(M&J"`J(Z&(-&%#,"&?(&*(&-)%-"*.&*()%*($&,(K#$,$A?(V>''&.&("*(N%D^&*(&*('&&?( >)&-(Z&(-&?A',%,&*(&*(>^@-&*.?,&*()%*(W&,(Q&-&*()%*(Z&(/>&J>D?,(71::G((
x
$,,^][[HHHG$&,'&-&*)%*Z&,>&J>D?,G*'[H^5#>*,&*,[A^'>%Z?[71::[:7[/->AH56:5%A.A?,A?5 71::G^ZY(
x
$,,^][[HHHG$&,'&-&*)%*Z&,>&J>D?,G*'[H^5#>*,&*,[A^'>%Z?[71::[:7[ETV5::5>J,>@&-5 71::G^ZY(
x
$,,^][[HHHG$&,'&-&*)%*Z&,>&J>D?,G*'[H^5#>*,&*,[A^'>%Z?[71::[:7[R")&?5Z&#&D@&-5 71::G^ZY(
x
$,,^][[HHHGZ&?,&*,>-G*'[-&.">[J%D^&*[38X66;3[K#$,$A?5%'?5*&A?`&5)%*5Z&5Z".",%'&5 _%'DG&#&kG/^QhA,XhTZBG,H",,&-(
x
$,,^][[HHHG-,)>>?,G*'[*"&AH?[Z&Y%A',G%?^cj*"Zl:6:;:8( ( (
( * (
