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+,-./0 12- 3/4 56728592672

21 /6 :-,;823<

#29517-, =2 8< :-,:52=<= 567282>7/<8 !,3/65=<= =2 $<=-5=


?@A?BACB?D

!
E%EF!"GH#F"'I

+,- J/85K6 ./2 21 7<6 7L35=, ./2 6/6>< M< 7265=, 6,N5<O
+,- "8;2-7, ./2 6, 1<;2 3<67262- /6< >,6N2-1<>5P6 4 1,8, >,67217< >,6 3,6,1L8<;,1O
+,- J/<6 ./2 217K 7,=,1 8,1 =L<1 26 /6< 21./56< =28 :<75, =28 >,8295, 4 12 152672 3/4 56Q285RO
+,- S/51 <8 ./2 4< M<6 2T:/81<=, =2 D >,8295,1 :,- -2;28=2 4 >/4,1 :<=-21 217K6 =2121:2-<=,1O
+,- $<->,1 ./2 75262 352=, < 5- < >,8295, :,-./2 8,1 =23K1 82 :29<6 4 12 ;/-8<6 =2 08O
+,- $<-L< ./2 M< =2U<=, =2 217/=5<- :,-./2 12 <;/--L< 26 >8<12O
+,- $<-7< ./2 1/Q-2 <6152=<= 4 =2:-215P6V 4 75262 /6 7-2326=, >,3:82U, =2 56Q2-5,-5=<=O
+,- !<-326 < 8< ./2 M<6 =5<96,175><=, Q<87< =2 <726>5P6 4 1,8, <7526=2 < 8, ./2 82 5672-21<O
+,- #,1<6< ./2 12 M<>2 8< 7,67< :<-< ><2- ;526 < 8,1 >M5>,1O
+,- F1<;28 ./2 M< M2>M, =,1 ><--2-<1 /65N2-157<-5<1 4 12 9<6< 8< N5=< 26 /6 1/:2-32-><=,O
+,- 288,1 4 :,- 7,=,1 8,1 ./2 1/Q-26 :,- 12- =5Q2-26721O

"+,"$)&%#%)(*-./

" 35 M5U, E<6528 :,- 1/1 <:,-7<>5,621 4 1/ :<>52672 7-<;<U, =2 -2N515P6O

"
%(*,-$0&&%'(/

%6 6/217-< 1,>52=<= 12- =5Q2-2672 1523:-2 21 /6 :-,;823<O G52626 :-,;823<1 8,1 ./2
:<=2>26 =2Q5>526>5<1 QL15><1 4 3267<821 =2 >/<8./52- 75:,V 8,1 ./2 =217<><6 26 1/
267,-6, :,- -<R<V >/87/-<V 9/17,1 4V 7<3;506V 8,1 ./2 1,;-21<826 26 <:757/=21 =2
>/<8./52- 75:,O

G,=,1 1,3,1 >,61>526721 =2 8< :-2,>/:<>5P6 =2 6/217-< 1,>52=<= :,- Q<>5857<- 8<
56729-<>5P6 =2 8<1 :2-1,6<1 >,6 =2Q5>526>5<1 QL15><1 , 567282>7/<821V :,- 56N2-75- 26 1/
=21<--,88, 4 Q,-3<>5P6 :<-< ./2 :/2=<6 ,;7262- 28 3KT53, =2 1/1 ><:<>5=<=21 4
Q<>5857<-V 26 8, :,15;82V 1/ 56729-<>5P6 26 7,=,1 8,1 K3;57,1 W<><=035>,V 1,>5<8 4 8<;,-<8XO
%1 /6< :-2,>/:<>5P6 8P95><V M/3<6< 4 =212<;82V 1596, =2 /6 =21<--,88, >/87/-<8
<=2>/<=,O

+2-, 7262- /6 2T>21, =2 ><:<>5=<= 7<3;506 :/2=2 12- /6 :-,;823<O E21=2 M<>2 N<-5,1
<Y,1V 26 6/217-, :<L1 4 26 28 -217, =28 3/6=,V 8,1 :<=-21 =2 8,1 65Y,1 1/:2-=,7<=,1 M<6
N265=, =26/6>5<6=, 157/<>5,621 >,6Q85>75N<1 4 3/>M,1 :-,;823<1 26 28 K3;57, 21>,8<-O
Z56<832672 M<6 >,6129/5=, 88<3<- 8< <726>5P6 =2 8< 1,>52=<= 4 ./2 12 821 7269< 26
>/267< 26 8<1 82421 =2 2=/><>5P6 :<-< =<- < 1/1 M5U,1 /6< <726>5P6 2=/><75N< 21:2>5<8O

'56 23;<-9,V 8<1 62>215=<=21 =2 <:,4, :15>,8P95>, ./2 752626 8,1 1/:2-=,7<=,1 :<-<
:,=2- 56729-<-12 <:26<1 M<6 15=, 56N21759<=<1 4 1,6 7,=<NL< /6 ><3:, < =21<--,88<-O S<
-2<85=<= =28 =L< < =L< 26 >8L65>< 6,1 =5>2 ./2 3/>M,1 65Y,1V <=,821>26721 4 <=/87,1
1/:2-=,7<=,1 12 1526726 56Q285>21V 6, 752626 Q<>585=<= :<-< -28<>5,6<-12 >,6 8,1 =23K1 4
7526=26 < <518<-12 QL15>< 4A, :15>,8P95><32672O

'29[6 6/217-< 2T:2-526>5< 7-<;<U<6=, >,6 :<=-21 =2 65Y,1 1/:2-=,7<=,1 4 >,6 <=/87,1
=2 7,=<1 8<1 2=<=21V < 326/=, 8< <87< ><:<>5=<= N< /65=< < Q<87< =2 ;526217<-
:15>,8P95>,V < 217<=,1 =2 <6152=<=V =2:-215P6V 1261<>5P6 =2 Q-<><1, :2-1,6<8 4 7,=< /6<
1567,3<7,8,9L< =5N2-1< ./2 ,><15,6< =21=2 :-,;823<1 =2 1/2Y, < =2-3<75751 <7P:5><1O

S< 62>215=<= =2 ./2 8,1 65Y,1 4 <=/87,1 1/:2-=,7<=,1 -2>5;<6 <:,4, :15>,8P95>,V
>267-<=, 26 =21<--,88<- 1/1 ><-26>5<1 23,>5,6<821 4 -28<>5,6<821V >,6 21:2>5<8
56>5=26>5< 26 32U,-<- 1/ </7,21753<V 21 /6< -2<85=<=V >,3, 7<3;506 8, 21 8< 62>215=<=
=2 ./2 -2>5;<6 Q,-3<>5P6 21:2>LQ5>< :<-< <=<:7<-12 2 56729-<-12 26 6/217-< 1,>52=<=O
%17<1 62>215=<=21 21:2>5<821 1,6 8<1 ./2 567267<-23,1 =23,17-<- < 8, 8<-9, =2 2172 85;-,
26 ;<12 < 6/217-< 2T:2-526>5< >8L65><O

#
'2- 56728592672 :/2=2 12- /6 :-,;823< 4 3/4 < 326/=, 8, 21O '2- 56728592672 :/2=2 12-
/6 :-,;823< :<-< 8,1 :-,:5,1 65Y,1V :<-< 8,1 :<=-21 4 :<-< 8,1 2=/><=,-21 26 9262-<8
./2 6, 752626 65 8< :-2:<-<>5P6 65 28 7523:, 1/Q5>52672 :<-< =<-821 < 217,1 65Y,1 8<
<726>5P6 ./2 62>2157<6O

G<3;506 21 /6 :-,;823< :<-< 8< 1<65=<= :[;85><O !/<6=, 8,1 :-,Q215,6<821 =2 8< 1<8/=
W./2 1/2826 =21>,6,>2- 8,1 :-,;823<1 21:2>LQ5>,1 =2 8,1 1/:2-=,7<=,1X =5<96,175><6
=5Q2-26721 7-<17,-6,1 156 8829<- < N518/3;-<- 8, ./2 M<4 =27-K1 =2 8,1 =5N2-1,1 1L67,3<1
./2 017,1 3<65Q5217<6 W156 1,1:2>M<- ./2 1,6 1/:2-=,7<=,1 4 ./2 1/1 1L67,3<1 1,6 8<
2T:-215P6 =2 /6< 9-<N2 Q<87< =2 <=<:7<>5P6 =2-5N<=< =2 1/ 1/:2-=,7<>5P6XO

!,6 =23<15<=< Q-2>/26>5<V 8,1 :-,;823<1 23,>5,6<821V 1,>5<821 4 2=/><75N,1 9262-<6


<;<6=,6, 21>,8<-V Q-<><1, :-,Q215,6<8V :-,;823<1 Q<3585<-21 9-<N21 4 26Q2-32=<=21
:15>,1,3K75><1O G,=< /6< ><1/L175>< ./2 :/2=2 8829<- < <6/8<- 8< <87< ><:<>5=<= =2
3/>M,1 1/:2-=,7<=,1 4 8< :,15;585=<= =2 /7585R<- 1/ 567285926>5< 26 ;262Q5>5, =2 6/217-<
1,>52=<=O

"153513,V 28 Q-<><1, 21>,8<- =2 017,1 :-,N,>< 28 =21:2-=5>5, 151723K75>, =2 7<8267, ./2


:,=-L< M<;2- 15=, /1<=, 26 ;262Q5>5, =2 6/217-< 1,>52=<=O S, ./2 1/:,62V < 7,=<1 8/>21V
/6 9-<N2 :-,;823< 1,>5<8 <8 ./2 12 =2;2 :,62- 1,8/>5P6O

%172 21 /6 85;-, =2 =5N/89<>5P6V 6, /6 261<4, >5267LQ5>,O \/2-23,1 =<- < >,6,>2- 8<
:-,;823K75>< 21:2>5<8 =2 8,1 3K1 567285926721 :<-< ./2 :/2=<6 12- >,3:-26=5=,1 :,-
Q<3585<-21V :-,Q21,-21 4 :-,Q215,6<821 =2 8< 1<8/=V 4V 1,;-2 7,=,V :<-< ./2 :/2=<6 -2>5;5-
28 <:,4, ./2 62>2157<6O

]23,1 < =5<-5, < 65Y,1V UPN2621 4 <=/87,1 3/4 567285926721 1/Q-5- :,- 8< 56>,3:-2615P6
=2 1/ 267,-6, 4 =212<- 12- >,3, 8,1 =23K1V >,3, 15 8< 567285926>5< Q/212 /6< 3<8=5>5P6O

'5 <8 Q56<85R<- 1/ 82>7/-< 6,1 >,3:-26=2 /6 :,>, 32U,- M<;-23,1 >,6129/5=, 6/217-,
,;U275N,O

$
&1234567 89 )667:

J/<6

J/<6 21 1/:2-=,7<=,O %1 3/>M, 3K1 56728592672 ./2 8< 32=5< =2 8< :,;8<>5P6V =2 M2>M,V
217K 267-2 28 ?^ =2 8<1 :2-1,6<1 3K1 567285926721 =28 :<L1O

J/<6 21 /6 75:, >,6 3/4 ;/26 M/3,-V 21 ><:<R =2 1<><-82 >M51:< < ><15 7,=, 4 M<>2- 212
>,3267<-5, 5--2N2-2672 26 32=5, =2 8< 2T:,15>5P6 3K1 12-5< =2 1/ U2Q2O
"Q,-7/6<=<32672V 12 >,675262 4 6, 8< M<>2O _< 21 28 72->2- 7-<;<U, 26 8,1 [8753,1 =52R
<Y,1 4 6, :/2=2 129/5- <1LO

J/<6 7<3;506 21 /6 =21:517<=, 56729-<8O `8 =5>2 ./2 21 8< [65>< :2-1,6< ><:<R =2
217-288<-12 >,6 8< 3513< :/2-7< =2 >-517<8 7-21 N2>21 129/5=<1V <672 8< <7P657< 35-<=< =2
1/1 >,3:<Y2-,1O %6 8< [8753< -2/65P6 12 ,4P /6 1,6,-, 4 >,82>75N, abS" +c%#G"de DB
129/6=,1 <6721 =2 ./2 >M,><-<O '2 N,8N5P 4 =5U,I a4<V 4<OOOe >,6 /6< 1,6-51< 26 8< ><-<O

%1 M<;57/<8 N2-82 >,6 /6 ><8>27L6 =2 ><=< >,8,- , >,6 28 U2-124 <8 -2N01O &, :<1< 6<=<V 6,
21 53:,-7<672V >/<6=, 12 217<;< N517526=, 217<;< :261<6=, 26 ,7-< >,1<O !,3, >/<6=,
217K 82426=, /6 85;-, ./2 82 5672-21< , 7-<;<U<6=, >,6 1/ ,-=26<=,- 26 <89, ./2 82 <7-<2O
_< 82 :/2=21 217<- =5>526=, < /6 327-, ./2 82 N<1 < -29<8<- /6 :<- =2 3588,621 =2 2/-,1V
72 >,67217<-KI a./0 ;526eV 156 21>/>M<-72 26 <;1,8/7,O S/29, N52626 8,1 8L,1I a15 72 8, =5U2
<42- 4 72 :<-2>L< ;526Oe

'/ =21:5172 4 1/ Q<87< =2 <726>5P6 N52626 =2 82U,1O _< =2 >-L, 12 ,8N5=<;< 8< ><-72-< 26 28
>,8295, 4 8,1 85;-,1 26 ><1<V >,6 8< >,6159/52672 ;-,6>< =2 8,1 :-,Q21,-21O !/<6=, 28
3<217-, 82 M<;8<;< 26 8< 21>/28<V 08 217<;< 35-<6=, <7267<32672 /6< 3<6>M< 26 28
72>M,V < 8<1 6/;21 , 1,Y<6=, =21:52-7, >,6 3/6=,1 82U<6,1O $K1 =2 /6 75-P6 =2 ,-2U<1 4
3K1 =2 /6< 2T:/815P6 =2 >8<12 82 N<852-,6 1/1 =517-<>>5,621V </6./2 21, 2-< 32U,- ./2
217<- <7267, < 8, ./2 2T:85><;< 28 :-,Q21,- 4 =51>/75- 1/1 -<R,6<35267,1O %1, 53:85><;<
>,6N2-75-12 26 8< ,N2U< 629-< 4 9<6<-12 28 ,=5, =2 8,1 =,>26721O $2U,- ><88<=, 4
=2=5><-12 < 1/1 >,1<1O

_< 26 28 561757/7, 23:2RP < 7262- 9-<N21 :-,;823<1 :,- 1/ Q<87< =2 <726>5P6V :,- 6,
M<>2- 8,1 7-<;<U,1 ./2 82 26><-9<;<6 4 :,- 1<87<-12 <89/6<1 >8<121 >,6 =51>/8:<1
53<956<75N<1O " :21<- =2 7,=,V 1<><;< 6,7<1 <>2:7<;821 M,U2<6=, 28 85;-, 28 =L< <6721 =28
2T<326 4 <1L 26 ><1< 82 =2U<;<6 26 :<RO

S,1 [8753,1 <Y,1 =2 12>/6=<-5< Q/2-,6 3/4 =/-,1V 6, 726L< MK;57, =2 217/=5, 4 6, 82
5672-21<;< 6<=< 7,=, <./288,O \/2-L< ./2 82 =2U<126 26 :<RV 56N21759<- 4 <:-26=2- ,7-<1

%
>,1<1 :,- 1/ >/267<O &, ./2-L< 1,3272-12 < 8< =51>5:856< =28 >,8295,V 65 >-2L< 26 6<=< =2
8, ./2 82 >,67<;<6O )<;L< ,:7<=, :,- 6, =51>/75-V :,- ><88<-12 4 M<>2- 8, ./2 82 =<;< 8<
9<6<O "8 Q56<8 =2 >/-1, 8<1 3<8<1 ><85Q5><>5,621 8829<-,6 156 -232=5, 4 7<67, 26 ><1<
>,3, 26 28 >,8295, 23:2RP < 26-<-2>2-12 28 <3;52672O

S2 882N<-,6 < /6 :15>P8,9, ./2 2--P62<32672 82 =5<96,175>P 7-<17,-6, :,- Q<87< =2


<726>5P6 4 :-2726=5P 32=5><-82O +<1P =2 8< 32=5><>5P6 4 =2 129/5- 217/=5<6=,V
<;<6=,6<6=, 1/ 5=2< =2 5- < 8< /65N2-15=<=O %3:2RP < 7-<;<U<- 26 8, ./2 :/=, :<-<
:,=2- 56=2:26=5R<-12 4 N5N5- < 1/ 3<62-<O &<=52 82 >,3:-26=L<O

&
J/85K6

J/85K6 8829P 26 /6 =21<:<>5;82 =L< =2 Q2;-2-,O "8 267-<- 26 28 =21:<>M, 1/ Q59/-< 12


=2Q562 <672 8< 8/RV /6 M,3;-2 =2 <8-2=2=,- =2 fB <Y,1V <87, 4 >,-:/8267,O ]5172 =2 Q,-3<
=2126Q<=<=<V N<./2-,1 4 ><35127<V <89, ./2 6, 82 Q<N,-2>L< :,- 1/ 2T>21, =2 :21,O

%N57< 28 >,67<>7, N51/<8V 35-<6=, >,617<67232672 M<>5< 8,1 8<=,1 :2-, 6/6>< < 8< ><-<O
+<-< M<;8<- 12 7<:< 8< ;,>< =2 Q,-3< 56>,61>52672O g217,1 :-,:5,1 =2 /6< :2-1,6< ./2
567267< :-,7292-12O

$2 >/267< ./2 217K 3/4 3<8V >-22 ./2 75262 =2:-215P6O %17K M<-7, =2 12- /6 75:, a-<-,eO
%6 8< /65N2-15=<= 1/ :<-2U< 12 8, =5U, <8 =2U<-82 156 ./2 M/;52-<6 8829<=, < 7262- /6<
N2-=<=2-< -28<>5P6O %17<;< 26<3,-<=, =2 288<O &/6>< 3K1 12 M< <7-2N5=, < =5-595-12 <
6569/6< ,7-< >M5><O

!,6756[< >,67K6=,32 1/ N5=<V 21 85>26>5<=, /65N2-157<-5,V 75262 /6 ;/26 7-<;<U, 26 /6<


9-<6 23:-21<V 9<6< ;<17<672 =562-,V :2-, N5N2 >,6 1/ 3<=-2 4 6, 75262 ><-627 =2
>,6=/>5-O &, :/=, 1<>K-128,V 8, M< 567267<=, 3/>M<1 N2>21 :2-, 12 ;8,./2< :,- 8,1
62-N5,1O

S2 ,>/--2 8, 3513, >/<6=, 217K >2->< =2 /6< 3/U2- ./2 82 9/17<O %3:52R< < 723;8<-V 82
267-<6 1/=,-21 Q-L,1V :<8:57<>5,621 4 21 56><:<R =2 <-75>/8<- :<8<;-<O )/42O

]5262 =2 /6< Q<3585< =2 >8<12 32=5< 4 M< -2>5;5=, /6< 2=/><>5P6 -217-5>75N< 4 -L95=<O
G5262 3/4 ;/26< -28<>5P6 >,6 1/ Q<3585<V 26 21:2>5<8 >,6 1/1 M2-3<6,1O %6 >52-7, 3,=,
21 8, ./2 82 1<8N< =2 217<- >,3:827<32672 1,8,V 4< ./2 6, 75262 <359,1O

G26L< <89/6,1 >/<6=, 217/=5<;<V :2-, :,>, < :,>, M<6 5=, >,617-/426=, 1/ :-,:5< N5=<
4 Q<3585<O &, M< 15=, ><:<R =2 M<>2- 3K1V 2N57< 5- < Q5217<1 4 >,6,>2- 92672 6/2N<V 6, 12
26>/267-< >P3,=, >,6 8< 92672O +-2Q52-2 217<- 1,8,V </6./2 <1L 7<3:,>, 21 Q285RO

'/1 :-,;823<1 12 <9-<N<-,6 < -<LR =2 8< 3/2-72 =2 1/ :<=-2O %-< 1/ :-56>5:<8 <:,4, 4
>/<6=, 08 3/-5P 12 =2--/3;PO

)<4 R,6<1 26 1/ N5=< =2 8<1 ./2 6, 12 :/2=2 M<;8<-V 1,6 567,><;821 4 1,8, <8/=2 < 288<1
>/<6=, 21 53:-21>56=5;82 W1523:-2 =2 :<1<=<XO

%3:52R< < 9<6<- <89, =2 >,6Q5<6R< 4 32 M<;8< =2 1/ 56Q<6>5<O %-< /6 65Y, 9,-=57, 4
882N<;< 9<Q<1V 26 28 >,8295, 12 ;/-8<;<6 =2 08V 82 3<87-<7<;<6 :15>,8P95>< 4 QL15><32672
><15 < =5<-5,O

'
&/6>< 12 8, M<;L< >,67<=, < 6<=52V =2 M2>M,V =21:/01 =2 =,1 <Y,1 =2 7-<;<U<- 1,;-2
217,1 -2>/2-=,1 1,8, 12 8, M< >,3267<=, < /6 M2-3<6,O

%6 <89[6 3,3267, =2 1/ N5=< 82 M5>52-,6 /6 7217 =2 567285926>5< 4 82 =5U2-,6 ./2 2-<


1/:2-=,7<=,O +2-, 08 6, 26726=5P :,- ./0 6, :,=L< 12- >,3, 8,1 =23K1O

',8, ./52-2 :,=2- ;-,32<-V -2L-V 1<85- >,6 >M5><1V ><1<-12V 7262- M5U,1 4 /6< Q<3585< < 8<
./2 ./2-2-O '2- 6,-3<8O %17K M<-7, =2 ./2 7,=, 28 3/6=, 82 =59< ./2 21 /6 75:, a-<-,e 4
=2 6, 26>,67-<- < 6<=52 ./2 82 >,3:-26=<O '2 152672 3/4 =219-<>5<=,O

(
"8;2-7,

"8;2-7, 75262 CD <Y,1O %1 <87, 4 =2 >,61757/>5P6 =289<=<V </6./2 82 1,;-< <89, =2 :21,O
&, 12 M< >,-7<=, 28 :28, =21=2 M<>2 3/>M,1 32121 4 12 N5172 >,6 =2U<=2RV
M<;57/<832672 >,6 /6 >MK6=<8 4 /6< ><35127< =2 3<69< >,-7< 7<67, 26 N2-<6, >,3, 26
56N52-6,O

'/ 3<=-2 217K =2121:2-<=< :,-./2 4< 6, 1<;2 ./0 M<>2- >,6 08O %3:2RP =,1 ><--2-<1 4
8<1 M< =2U<=,O _< 6, N< < 8< /65N2-15=<=V =/2-32 M<17< 32=5,=L< 4 6, M<>2 3K1 ./2
:<1<-12 28 =L< >,62>7<=, <8 ,-=26<=,-O

&, M<>2 =2:,-72V 6, 1<82 >,6 <359,1 4 6, M<;8< >,6 6<=52 W65 15./52-< >,6 1/ 3<=-2 ,
1/ M2-3<6<XO

!/<6=, 82 :-215,6<6 =5>2 ./2 1L < 7,=,V :2-, =21:/01 6, M<>2 6<=< =2 8, ./2 M<
:-,3275=, 4 352672 :<-< ,>/87<-8,O

!/<6=, 567267, M<;8<- >,6 08 12 ./2=< 53:<15;82O S2 :-29/67, <>2->< =2 1/ N5=<V =2


>P3, 12 N2 4 ./0 <1:5-<>5,621 75262V :2-, 8, [65>, ./2 >,6159, 1,6 -21:/217<1 =2 /6< P
=,1 :<8<;-<1O &/6>< /6< N2-=<=2-< >,6N2-1<>5P6O

"8;2-7, 217K 26 7-<7<35267, >,67-< 8< =2:-215P6V 6, 75262 <359,1V 6/6>< M< 7265=, /6<
6,N5< 4 12 152672 3/4 56Q285RO

+<1< 3/>M, 7523:, >,62>7<=, <8 ,-=26<=,-V :2-, :-K>75><32672 65 267-< 26 8<1 -2=21
1,>5<821O S2 267-275262 U/9<- < N5=2,U/29,1 26 -2= >,6 =21>,6,>5=,1O

&, N< < 8< /65N2-15=<= :,-./2 12 152672 3<8O &, >,6,>2 < 6<=52 < :21<- =2 882N<- ><15
=,1 <Y,1 26 8< 3513< ><--2-<O

&, 1<;2 ./0 ./52-2 M<>2- >,6 1/ N5=< , >,6 1/ Q/7/-, W65 15./52-< < >,-7, :8<R,XO ',8,
:2->5;2 ./2 12 152672 3<8 4 ./2 1/ 3<=-2 6, 82 =2U< 26 :<RO

)
$59/28

$59/28 75262 h <Y,1O %1 /6 65Y, -/;5,V >,6 ,U,1 <R/821 4 /6< ><-< 3/4 =/8>2O %1
<9-<=<;82 4 =5N2-75=, 217<- >,6 08O

]5262 < N2-32 :,-./2 26 28 >,8295, 21 /6 65Y, 7-5172V ./2 6, U/29< >,6 28 -217, =2 65Y,1
26 28 :<75, 4 8< :-,Q21,-< >-22 ./2 :/2=2 7262- :-,;823<1 =2 1,>5<;585=<=O

$2 >,3267< ./2 6, 82 :<1< 6<=<V ./2 7,=, 217K ;526O

F67267< M<>2- <359,1 :2-, 6, 8, >,6159/2 4 6, 267526=2 :,- ./0O

"89/6,1 65Y,1 82 88<3<6 7,67, 4 08 :-2Q52-2 ><88<-12 < -21:,6=2-O

'/ 3<=-2 217K :-2,>/:<=< :,-./2 ><=< =L< :<-2>2 217<- 3K1 =2:-535=, 4 156 9<6<1 =2
5- < >8<12O

!*
S/51

S/51 21 /6 65Y, 3/4 <>75N,V QL15><32672 Q/2-72 4 ./2 35-< >,6 =21>,6Q5<6R< 4
<7-2N535267, <8 3513, 7523:,O G5262 i <Y,1 4 4< M< :<1<=, :,- 7-21 >,8295,1 =5Q2-26721O

'/ 3<=-2 32 =5>2 ./2 1523:-2 M<6 7265=, :-,;823<1 >,6 8,1 :-,Q21,-21 4 >,6 ,7-,1
65Y,1V ./2 S/51 21 3/4 ;/26,V :2-, ./2 82 :<1<6 >,1<1O

S/51 >,3526R< < >,67<-32 /6< <60>=,7<I c6<1 65Y<1 M<6 567267<=, >,8<-12 26 8< >,8< =2
267-<=< <8 >,32=,- 4 21, 6, 217K ;526O a_, 12 8, =5U2V :2-, 6, 32 21>/>M<;<O '2 8, N,8NL
< =2>5-V 32 9-57P 4 32 =5U, ./2 8< =2U<12 26 :<RO S< >,9L =28 ;-<R,V 32 23:/UP 4 82 =5 /6<
:<7<=<O S/29, 8,1 ,7-,1 12 :/152-,6 7,=,1 >,67-< 3L 4 32 561/87<-,6eO a'2 8, =59, <8
:-,Q21,- 4 6, 32 M<>2 65 ><1, , 32 ><1759<O %1 56U/17,eO

a&<=52 32 21>/>M<V 217,4 M<-7,je

!!
"82U<6=-<

"82U<6=-< 75262 ?B <Y,1V 21 /6< >M5>< Q/2-72 4 =21:52-7<O )< 7265=, 3/>M,1 :-,;823<1
26 28 :<75,O '2 M<>2 -21:27<- < 9,8:21 15 M<>2 Q<87<O

'/1 :<=-21 8< M<6 7-<L=, :,-./2 >,3526R< < 217<- =213,75N<=< 26 8<1 >8<121V M< =2U<=,
=2 217/=5<- 4 6, ./52-2 N,8N2- < >8<12O

G5262 9-<N21 1L67,3<1 =2 <6152=<=V 6, =/2-32V M< =2U<=, =2 >,32- 4 88,-< >,6
Q<>585=<=O

%6 28 >,32=,- 12 32726 >,6 288<V 82 ./57<6 28 :8<7, 4 8< 12-N58827<O %8 [8753, =L< 12
26Q<=P 4 82 2>MP /6< U<--< =2 <9/< :,- 8< ><;2R< < ,7-< 65Y<O S,1 :-,Q21,-21 217K6 3/4
:-2,>/:<=,1 :,- 1/ <9-215N5=<=O

&<=52 8< 267526=2O

!"
$<-7<

$<-7< 75262 k <Y,1 4 1523:-2 M< 15=, 8< l-<-<l =2 8< >8<12O $5267-<1 8,1 ,7-,1 65Y,1
<:-26=L<6 8,1 >,8,-21V 288< 4< 1<;L< 822- 4 1/3<-O !/<6=, 8,1 ,7-,1 <:-26=L< 8,1
6[32-,1 =28 ? <8 iV 288< 3/875:85><;<O $<-7< 567267<;< 26><U<-V :2-, 26 28 :<75, 1,8L<
217<- 1,8< , >,6 ,7-< <359< ./2 7<3;506 75262 <87<1 ><:<>5=<=21O

%-< 7L35=<V 567-,N2-75=< 2 56><:<R =2 3<67262- /6< -28<>5P6 =2 >,6Q5<6R< >,6 6569[6
65Y, =2 1/ 2=<=O "=23K1V 7<3:,>, <4/=<;< ./2 8,1 :<=-21 =2 1/1 >,3:<Y2-,1 8<
:/152-<6 >,3, 3,=28, < 129/5- :,- 1/1 M5U,1O %-< 56U/17, :<-< 7,=,1O

%172 >/-1, 8< <>282-<-,6 W8< :<1<-,6 =2 :-532-, < 129/6=,XO "8 :-56>5:5, 28 6/2N, 9-/:,
8< 7-<7<;< >,6 <=35-<>5P6V :2-, =21:/01 12 <=<:7<-,6 < 288< 4 8829P 8< 6,-3<85=<=O _<
6<=52 -2>/2-=< ./2 21 /6 <Y, 326,- 4 159/2 1526=, 8< 3K1 ;-588<672 =2 8< >8<12O +2-, 8,
3K1 53:,-7<672I 1/ ><-K>72- M< ><3;5<=, 3/>M,O '2 M< N/287, /6< 65Y< =2 7-<7, QK>58V
2T7-,N2-75=<V < 8< ./2 82 9/17< >,67<- >M51721 2 M517,-5<1 Q<67K175><1 < 1/1 6/2N<1 <359<1
< 8<1 ./2 56N57< < 1/ ><1< 7,=,1 8,1 N52-621O

"M,-< 21 Q285RO '2 152672 >P3,=< 26 1/ 6/2N< >8<12V </6./2 6,1 =5>2 ./2 < N2>21 1/1
<359<1 1,6 /6<1 l>-L<1l 4 ./2 821 <9/<67< l!"#$%&' !$"&%($&)&' *+$,(# '+- .(#-&'
!/"!&'lO

!#
S/>L<

S/>L< 75262 @ <Y,1 4 1523:-2 M< 15=, 2T>215N<32672 >,--2>7<V :2-,V <8 12- 8< :-532-< 4
[65>< M5U<V 1/1 :<=-21 6, 12 >/2175,6<;<6 6<=<O E21=2 3/4 :2./2Y< =51Q-/7<;<6 =2 1/
>,6N2-1<>5P6 4 821 26><67<;< -21:,6=2- < 1/1 >/-5,1<1 2 53<956<75N<1 :-29/67<1O '/
Q,-3< =2 :261<- 821 1,-:-26=L<O

+2-, =21=2 8,1 >/<7-, <Y,1 M< >,326R<=, < 12675-12 =5Q2-2672V 152672 ./2 6, ./52-2
2T5175-V ./2 8< N5=< 21 <;/--5=<V 4 6, 267526=2 :,- ./0 72623,1 ./2 6<>2-O E5>2 ./2 6,
./52-2 12- /6< :2-1,6<V ./2 82 9/17<-L< 12- 56N515;82 :<-< :,=2- N2- ./0 M<>2 8< 92672O

":<-267232672 21 3/4 1,>5<;82 :2-, 1/ <>757/= ><3;5< -<=5><832672 >/<6=, 12 =21:5=2


=2 1/1 <359,1 4 12 ./2=< >,6 1/ 3<=-2O '2 :,62 12-5< 4 >,3526R< < >-575><- 1/1
<>757/=21O &, <9/<67< 3K1V 7,=,1 1,6 3K1 Q285>21 ./2 288< :,-./2 M<>26 8, ./2 ./52-26 4
288< 6, :/2=2V 21 26 212 3,3267, >/<6=, 2T:8,7< 4 23:52R< < 9-57<- 4 < 88,-<-
:-29/67<6=, :,- ./0 M< 7265=, ./2 6<>2-O

" 1/1 :<=-21 821 :-2,>/:< 1/ <9-215N5=<= 4 1/ >,6756/< Q-/17-<>5P6O S< M<6 882N<=, < /6
:15./5<7-< 4 < /6 :15>P8,9,V <>,612U<=,1 :,- 1/ :2=5<7-<V :2-, 6, M<6 1<;5=, <4/=<-821O
%8 :15>P8,9, 3<65Q217P ./2 :,=-L< 7262- <87< ><:<>5=<= :2-,V 8<3267<;8232672V 6, 82
M5R, 8< :-/2;< =2 567285926>5<O S2 M5R, /6 7217 =2 :2-1,6<85=<=V 8829<6=, < 8< >,6>8/15P6
=2 ./2 2-< 3/4 3<=/-< :<-< 1/ 2=<=V >,6 /6< 9-<6 23:<7L< WN<8,-21 M/3<657<-5,1XV
/6< ;<U< </7,21753<O E2=/U, ./2 7,=, 8, ./2 =2>L< 726L< ./2 M<;2-8, ,L=, 26 <89[6
8/9<-V <./288<1 :<8<;-<1 6, :,=L<6 12- :-,:5<1 =2 /6< 65Y< =2 1/ 2=<=O

'59/2 >,6 8,1 3513,1 :-,;823<1O &, 82 9/17< M<;8<- =2 288,1 :,-./2 12 =2:-532V 1,8,
2T:8,7< >/<6=, 12 26>/267-< <8 8L3572O S8,-<O E21:/01 =2 <;-5-12V 32 <;-<R< 4 32
1/1/--< 267-2 1,88,R,1 ./2 6<=52 :/2=2 <4/=<-82O Z56<832672 1/1 :<=-21 M<6 =2>5=5=,
M<>2-82 /6< :-/2;< =2 567285926>5<O

!$
$<->,1

$<->,1 21 /6 65Y, =2 i <Y,1 >,6 <87< ><:<>5=<=O '/ -26=535267, <><=035>, 21


217/:26=,V :2-, 8< >,6=/>7< =51-/:75N< 21 >,6756/< 4 217K >,6756/<32672 3275=, 26
8L,1O

%6 1/ >,8295, 1523:-2 M<6 15=, >,61>526721 =2 ./2 21 /6 65Y, 3/4 56728592672 4 1/1
:<=-21 1523:-2 M<6 217<=, 26 >,67<>7, >,6 28 =2:<-7<3267, =2 ,-5267<>5P6 :,-./2
1/Q-5P <>,1, 21>,8<- =21=2 8,1 D < 8,1 @ <Y,1 W6, 12 2672-<-,6 M<17< 8,1 m :,-./2 2-<
3/4 567-,N2-75=,XO

S,1 :-,Q21,-21 6, :<-2>26 217<- :-2:<-<=,1 :<-< 26Q-267<-12 < /6 <8/36, 7<6 =5QL>58V
7,=, 8, <>M<><6 < 8< >,6=/>7< 4 < ./2 28 :-,;823< 21 8< 2=/><>5P6 -2>5;5=< 26 ><1<O
$<->,1 217K 275./27<=,V 1/Q-2 ><1759, 7-<1 ><1759, 4 6, 12 82 -2>,6,>26 8,1 :2./2Y,1
<N<6>21 :<-< 32U,-<- 1/ >,3:,-7<35267,O

n<U<6 1/1 6,7<1 W8, ./2 82 26Q<=< </6 3K1X 2 56>8/1, M<6 567267<=, 1/1:26=2-82O +2-,
Q/2-< =28 <3;52672 21>,8<- W26 1/ ><1<V 26 8< =2 1/1 <359,1 , -2<85R<6=, <>75N5=<=21
2T7-<21>,8<-21X 1/ >,3:,-7<35267, 21 2U23:8<-V :,- 8, ./2 1/1 :<=-21 267526=26 ./2 28
:-,;823< 12 26>/267-< 26 28 >,8295,O E21=2 ><1< :,>, :/2=26 M<>2- 1<8N, M<;8<-
>,6756/<32672 >,6 08V :-217<-82V 15 ><;2V 3K1 <726>5P6 4 12>/6=<- 8<1 32=5=<1
=51>5:856<-5<1 =28 >,8295, ./2V 7,=, 12< =5>M,V [8753<32672 1,6 2T>215N<1O E2 M2>M,V <8
567267<- M<;8<- 6/2N<32672 >,6 28 ,-5267<=,-V 0172 821 M< <326<R<=, >,6 8< 2T:/815P6
=28 65Y, 15 8< Q<3585< 6, :-217< 3K1 5672-01O

$<->,1 =5>2 ./2 12 <;/--2 26 >8<12 4 6, ./52-2 65 ,L- M<;8<- =2 /6 ><3;5, =2 >,8295,O
'/1 :<=-21 217K6 =2121:2-<=,1 4 4< 6, 1<;26 ./0 M<>2-O

!%
#,1<

#,1< 75262 ?i <Y,1 4 /6 >,>52672 567282>7/<8 =2 ?fDO '/1 :<=-21 <9/<67<-,6 1/


56=51>5:856< 7,=, 8, ./2 :/=52-,6V :2-, Q56<832672 8< 32752-,6 26 /6 5672-6<=, :<-<
./2 M5>52-< G2->2-, 4 !/<-7, =2 '2>/6=<-5<O G-<1 3/>M, 1/Q-535267, 2 56>,67<;821
=519/17,1 >,6159/52-,6 ./2 72-356<12 8< 12>/6=<-5<O

"8 >,3526R, =2 ;<>M5882-<7, N,8N5P < 1/ ><1< 4 12 3<7-5>/8P 26 /6 >267-, =517567,V 4< ./2
1/1 :<=-21 217<;<6 >,6N26>5=,1 =2 ./2 26 28 <672-5,- 8< M<;L<6 275./27<=,O %6 0172
:,=-L< >,326R<- =2 >2-, 4 15 3<6726L< /6< <>757/= 3K1 =51>-27< <>,3:<Y<=< =2 ;/26<1
6,7<1V :,=-L< :<1<- =21<:2->5;5=<O &, Q/6>5,6PO

'/ >,3:,-7<35267, 82 :<1P Q<>7/-< 4 72-356P 275./27<=< 26 7,=,1 8,1 >267-,1 :,- 8,1
./2 :<1PO Z56<832672V <;<6=,6P ;<>M5882-<7, W6, 72-356P CoXV =2UP 7,=,1 8,1 =2:,-721
./2 :-<>75><;< 4 ./51, 7-<;<U<-O E21:/01 =2>5=5P N,8N2- < 217/=5<-V :2-, <89, <82U<=, =28
><356, ,Q5>5<8O

'/1 :<=-21 :5261<6 ./2 26 1/ 3,3267, :,=-L< M<;2-82 <4/=<=, -28<>5,6<-12 >,6 ,7-,1
65Y,1 =2 "87< !<:<>5=<= , '/:2-=,7<=,1 >,6 1/1 3513<1 , :<-2>5=<1 56./527/=21 4 ./2
:,=-L<6 M<;2-82 12-N5=, =2 <:,4, 4 =2 217L3/8,O !-226 ./2 /6, =2 8,1 3<4,-21
:-,;823<1 =2 1/ M5U< 21 ./2 12 152672 =5Q2-2672 4 1,8<O

"8 :-56>5:5, >,6Q5<;<6 26 ./2 <8 5- >/3:8526=, <Y,1 1/ <87< ><:<>5=<= 82 :2-3575-L<
>,3:-26=2- 1/ 157/<>5P6 4 -2<>>5,6<-L< <3,8=K6=,12 <8 3/6=, ./2 8< -,=2<;<O '56
23;<-9,V 6, M< 15=, <1LV 4V >,3, 4< 6, l,;2=2>2lV <M,-< 12 N26 56><:<>21 =2 7,3<-
,7-<1 32=5=<1O

!&
J,10

J,10 75262 h <Y,1O E21=2 8,1 m 75262 :-,;823<1 26 28 >,8295,O %6 1/ ><1< , 26 ><1< =2
Q<3585<-21 < N2>21 21 56./527,V >/2175,6< >52-7<1 6,-3<1V :2-, 26 9262-<8 12 :,-7< ;526O
%1 26 28 >,8295, 4 26 28 ><3:<3267, =,6=2 1/-926 8,1 :-,;823<1O

S2 2T:/81<-,6 =2 1/ :-532- >,8295, W:-5N<=,X >,6 1,8, m <Y,1V 4 26 28 129/6=,V </6./2


=5U2-,6 ./2 217<;<6 :-2:<-<=,1 4 726L<6 /6 :15>P8,9, 26 :8<67588<V 7-<1 1,8, 7-21 32121
=2 >/-1, <>,612U<-,6 < 1/1 :<=-21 ./2 8, ><3;5<-< =2 >267-,O S21 :5=52-,6 :-/2;<1 =2
7,=, 75:,I 2N<8/<>5P6 62/-,8P95><V :15>,:2=<9P95><V :2-, 1,8, ,;7/N52-,6 /6
=5<96P175>, =2 1/:2-=,7<>5P6 >,6 1L67,3<1 =2 7-<17,-6, 629<75N517< =21<Q5<672 W</6./2
1,8, 2-< =21<Q5<672 26 28 >,8295,XO S2 :/152-,6 3/>M<1 275./27<1 4 M<17< 1/1 :-,:5,1
>,3:<Y2-,1 =2 >8<12 =2>L<6 ./2 217<;< 8,>,O

#2<85R<-,6 28 ><3;5, < /6 >,8295, :[;85>, < 357<= =2 >/-1,V J,10 726L< @ <Y,1O " 8,1
:,>,1 32121V 1/ :-,Q21,-< 821 >,3267P ./2 2-< /6 65Y, 3<8 2=/><=, 4 ./2 1/
>,3:,-7<35267, 12 =2;L< < /6< 7,7<8 Q<87< =2 =51>5:856< 4 =2 >,67-,8 26 ><1<O S< -2<85=<=
26 1/ M,9<- 6, :,=L< 12- 3K1 =5Q2-2672V -298<1 4 6,-3<1 :29<=<1 26 8< 62N2-<V
=51>5:856< 4 3/>M< >,3:-2615P6O '56 23;<-9,V 8,1 =,>26721 M<>L<6 ><1, ,351, < 8<1
:<8<;-<1 =2 /6,1 :<=-21 <;629<=,1O

+,- 1/2-72V 7-<1 =,1 <Y,1 =2 >,67-,8 >,6 7<-U27<1 =2 >,8,-21 4 123KQ,-,1 :<-< 2N<8/<- 28
>,3:,-7<35267, =2 ><=< >8<12V /6< :-,Q21,-< 1/:, 3,75N<-82 < 7-<N01 =2 /6 >,6>/-1,
=2 82>7/-< W8829P < 822-12 ?mB 85;-,1 =2 12:7523;-2 < 262-,XV 82 M5R, 26><-9<=, =2 8<
>8<12V 82 =5, -21:,61<;585=<=21 4 < 7,=,1 <./288,1 ./2 72-356<;<6 <6721 1/1 Q5>M<1 821
<653<;< >,6 7-<;<U,1 3K1 5672-21<6721O '/ >,3:,-7<35267, Q/2 567<>M<;82O %172
><3;5, =272-356P ./2 28 :-,;823< 6, 2-< S/51V 156, 8< Q<87< =2 217L3/8,1 :,- :<-72 =2
8,1 >,8295,1O

'56 23;<-9,V 2172 <Y, M< N/287, < ><3;5<- =2 :-,Q21,-V 82 267526=2 326,1 4 32R>8< =2
>8<121O J,10 M< :2-=5=, =2 6/2N, 28 5672-01V 1/1 :-,;823<1 =2 >,3:,-7<35267, M<6
-2<:<-2>5=,V :<=2>2 <6152=<= 4 1/ 26/-2151 M< N/287,O

%6 8<1 :-/2;<1 =2 <87< ><:<>5=<= M< ,;7265=, /6 !F =2 ?fBO

%1 56Q285R 4 12 152672 :-,Q/6=<32672 =21<Q,-7/6<=,O %17K 26 3<6,1 =28 :-,Q21,- ./2 82


7,./2O '5 0172 12 <:85><V 567267< 26726=2- <8 65Y, 4 82 3,75N<V J,10 12 :,-7< 32U,-O '5 82
596,-< 2 567267< ./2 159< 28 -573, =2 8,1 =23K1j J,10 21 56><:<R 4 23:52R<6 8,1
:-,;823<1O

!'
p\/0 752626 26 >,3[6 7,=,1 288,1q

',6 =5Q2-26721O

',6 =5Q2-26721 4 6, 267526=26 :,- ./0 21< =5Q2-26>5< 821 <Q2>7< 4 821 M<>2 56Q285>21O

',6 1/:2-=,7<=,1O

!(
&1234567 ;9 &1<1=4><3:4?=1: @> 67: A?B7: :52><@741@7:

'2 M< 21>-57, 3/>M, 4 =21=2 =5Q2-26721 :/67,1 =2 N517< 1,;-2 8<1 ><-<>72-L175><1 =2 8,1
1/:2-=,7<=,1V 26 ,><15,621 <>2-7<=<32672 4 26 ,7-<1 6,O +,- 288,V 26 8<1 1215,621 =2
,-5267<>5P6 ./2 3<672623,1 >,6 8,1 :<=-21 :-2Q2-53,1 ;<1<-6,1 26 6/217-< :-,:5<
2T:2-526>5<O

E/-<672 3K1 =2 =52R <Y,1 M23,1 7-<;<U<=, >,6 1/:2-=,7<=,1I 65Y,1V UPN2621 4 <=/87,1O
)23,1 -2<85R<=, >5267,1 =2 N<8,-<>5,621 =2 567285926>5< 4 >5267,1 =2 <6K85151 =2
:2-1,6<85=<= 26 :2-1,6<1 =2 7,=<1 8<1 2=<=21O E21=2 65Y,1 >,6 326,1 =2 7-21 <Y,1
M<17< <=/87,1 =2 2=<= <N<6R<=<O

!,3, 4< 21 =2 /1, >,3[6V /6 1/:2-=,7<=, 75262 /6< 2=<= 3267<8 3/4 1/:2-5,- < 1/
2=<= >-,6,8P95><O %6 1/ ,-5926V 28 >,>52672 567282>7/<8 12 =2Q565P >,3, 28 >,>52672 267-2
8< 2=<= 3267<8 4 8< >-,6,8P95><O +,- 2U23:8,V /6 1/:2-=,7<=, >,6 /6 >,>52672
567282>7/<8 =2 ?DB >,6 ?B <Y,1 726=-K /6< 2=<= 3267<8 =2 ?D <Y,1O !,6 D <Y,1 4<
:,122-K 8< 3<=/-2R =2 /6 65Y, =2 f <Y,1V < 8,1 @ 12 >,3:,-7<-K >,3, /6 65Y, =2 h
<Y,1V 27>O

%8 >2-2;-, =2 8,1 65Y,1 1/:2-=,7<=,1 217K 3K1 =21<--,88<=, 4V >,3, >,612>/26>5<V


752626 3<4,- ><:<>5=<= 8P95><V -<R,6<6 32U,-V <:-26=26 3/>M, 3K1 -K:5=, 4 :,1226
/6 N,><;/8<-5, 4 /6< ><:<>5=<= N2-;<8 3K1 =21<--,88<=,1O

'56 23;<-9,V 1/ 2T:2-526>5< 4 1/ QL15>, 1,6 8,1 >,--21:,6=526721 < 1/ 2=<=O +,- 2U23:8,V
/6 65Y, =2 k <Y,1 726=-K 28 QL15>, 4 8< 2T:2-526>5< =2 <89/526 =2 1/ 2=<=V :2-, /6< 2=<=
3267<8 3/>M, 3<4,-O

" 326/=, 12 M< M<;8<=, =2 =5156>-,6L< :<-< 2T:85><- 8,1 :-,;823<1 ./2 2172 =5Q2-26>5<8
W2=<= >-,6,8P95>< A 2=<= 3267<8X :/2=2 ,><15,6<- < 8,1 65Y,1 1/:2-=,7<=,1O
+2-1,6<832672 1523:-2 821 =59, < 8,1 :<=-21 ./2 1/ M5U, 6, 75262 6569[6 75:, =2
=5156>-,6L<V 08 217K :2-Q2>7<32672 156>-,65R<=, >,6159, 3513,O %6 ,><15,621 -2>5;,
88<3<=<1 =2 :<=-21 ./2 32 2T:85><6 ./2 1/ M5U, :<=2>2 =5156>-,6L< 2 56>8/1, 32 M<6
8829<=, < :-29/67<- 15 12 :/2=26 >,6129/5- a:<9<1 =2 356/1N<8L<e :,- 017<O S<
N/89<-5R<>5P6 =28 70-356, M< 882N<=, < /6< 72-95N2-1<>5P6 =2 1/ 15965Q5><=,O

S,1 :-,;823<1 1/-926 26 -28<>5P6 >,6 8,1 =23K1O '/282 1,-:-26=2- /6 >,3:,-7<35267,
53:-,:5, =2 1/ 2=<=V 8, ./2 :-,N,>< ./2 6, 26><U26 65 >,6 8,1 3<4,-21V 65 >,6 8,1
:2./2Y,1O !/<6=, :-,Q21,-21 4 >,3:<Y2-,1 21:2-<6 26>,67-<- < /6 65Y, =2 15272 <Y,1

!)
4 821 -21:,6=2 /6 65Y, W>,6 /6< 2=<= 3267<8X =2 =52RV 28 >M,./2 9262-< -2>M<R, 2
56>,3:-2615P6O

%6 -28<>5P6 >,6 2172 =21Q<12 267-2 2=<= 3267<8 4 2=<= >-,6,8P95>< 12 2N5=26>5<6
=5N2-1<1 ><-<>72-L175><1 >,3/621 267-2 8,1 1/:2-=,7<=,1I

89C "2<>A@>A D5E <F2?@1D>A4>9

" 326/=, <:-26=26 < 822- < 3/4 723:-<6< 2=<=V 56>8/1, :/2=26 8829<- < <:-26=2-
1,8,1O %1 Q-2>/2672 ./2 12:<6 822- <6721 =2 5- < 8< 21>/28< :-53<-5<O "/6./2 26 3/>M,1
,7-,1 ><1,1 6, 21 <1LV < 7,=, 28 3/6=, 82 1,6<-K 8< M517,-5< =2 %5617256V /6, =2 8,1
3<4,-21 9265,1 =2 8< M/3<65=<=V ./2 7<-=P 26 <:-26=2- < M<;8<- 4 6, Q/2 /6 217/=5<672
1,;-21<852672O

S,1 1/:2-=,7<=,1 7<3;506 1/2826 7262- /6< 9-<6 Q<>585=<= >,6 8,1 6[32-,1O ":-26=26
-K:5=<32672 < 1/3<-V < 3/875:85><-OOO 4 1/ >,3:-2615P6 <6<8L75>< 21 3/>M, 3<4,- < 8<
=28 -217,O

G52626 /6< 9-<6 323,-5<O #2>/2-=<6 >,1<1 ./2 <1,3;-<6 < 1/1 :<=-21 4 <;1,-;26 8<
6/2N< 56Q,-3<>5P6 >,3, 21:,6U<1O

G52626 /6< 9-<6 >/-5,15=<=O E21=2 3/4 :2./2Y,1 1/1 9<6<1 =2 <:-26=2- 821 1/2826
882N<- < -2<85R<- :-29/67<1 =2 8, 3K1 N<-5,:567<1V < 217<- 1523:-2 ./2-526=, 1<;2- 3K1V
< 56N21759<- 4 2T:8,-<- :,- 1/ >/267<O

S, M<;57/<8 21 7<3;506 7262- /6 <3:85, -<69, =2 5672-2121V 7<67, >/<6=, 1,6 65Y,1
>,3, 26 8< 2=<= <=/87<O

'56 23;<-9,V :/2=26 7262- 3K1 :-,;823<1 :<-< <:-26=2- < 21>-5;5-O J2<6 !MO G2--<152-
=217<>< ./2 2T51726 =5Q2-26721 75:,1 =2 =5156>-,6L< 26 8,1 65Y,1 1/:2-=,7<=,1V >,3, 8<
=5156>-,6L< F67285926>5< r +15>,3,7-5>5=<=V 8, ./2 ./52-2 =2>5- ./2 < 326/=, 8,1 65Y,1
1/:2-=,7<=,1V >,6 /6< 567285926>5< 3/4 =21<--,88<=<V 6, 752626 8< 3513< M<;585=<=
:-2>,R 26 28 K3;57, :15>,3,7,-O "1L 21 Q-2>/2672 ./2 8,1 65Y,1 1/:2-=,7<=,1 :/2=<6
<:-26=2- < 822- 3/4 -K:5=<32672V 56>8/1, <6721 =2 ./2 12 821 2612Y2 26 8< 21>/28<V :2-,
<8 3513, 7523:, 7<3;506 21 :,15;82 ./2 7269<6 3K1 =5Q5>/87<=21 :<-< <:-26=2- <
21>-5;5- <8 3513, 65N28O

%172 M2>M, 7<3;506 :/2=2 <Q2>7<- < 8< 2U2>/>5P6 =2 7<-2<1 ./2 -2./52-26 3<65:/8<>5P6
3<6/<8 >,3, 8,1 :/R821O " N2>21V >/<6=, 2N<8/<3,1 < 65Y,1 3/4 :2./2Y,1V =2 =,1 ,

"*
7-21 <Y,1V ,;12-N<3,1 ./2 1/ 2=<= 3267<8 21 3/4 1/:2-5,- < 1/ 2=<= >-,6,8P95><V ./2
1/ 8269/<U2 4 1/ N,><;/8<-5, 217K6 3/4 =21<--,88<=,1 4 ./2 1/ 567285926>5< 21 3/4
282N<=<V 156 23;<-9, 752626 >,615=2-<;821 :-,;823<1 :<-< -21,8N2- /6 :/R82 >,6 8<1
3<6,1O %6 217,1 ><1,1 1,823,1 <>,612U<- < 8,1 :<=-21 -2:275- 8<1 :-/2;<1 >/<6=, 8,1
65Y,1 4< M<6 <=./5-5=, 21< ><:<>5=<= =2 3,7-5>5=<= Q56<V M<;57/<832672 < :<-75- =2 8,1
>/<7-, <Y,1O

'29[6 E<;-,s1t5 u +52>M,s1t5 W?ikkX 8,1 1/:2-=,7<=,1 :,1226 1,;-22T>57<;585=<=


567282>7/<8V ./2 12 ,;12-N< 26 1/ 62>215=<= =2 26>,67-<- 8< N2-=<=V =2 <:-26=2- >,1<1
6/2N<1V <1L >,3, =2 <6<85R<- 4 1567275R<-O G52626 7<3;506 326721 3/4 <>75N<1V 3/4
>/-5,1<1 8, ./2 12 -2Q82U< 26 ./2 1,6 KN5=,1 82>7,-21 4 9-<6=21 ,;12-N<=,-21O

G<3;506 129[6 E<;-,s1t5V 8,1 1/:2-=,7<=,1 3/217-<6 /6< 282N<=< ><:<>5=<= =2


>,6>267-<>5P6V 8, ./2 821 :2-3572 -2<85R<- 21Q/2-R,1 567282>7/<821 :-,8,69<=,1 <8 3513,
7523:, ./2 3<6752626 <87< 3,75N<>5P6 4 726<>5=<= :<-< -21,8N2- 8,1 :-,;823<1 ./2 821
5672-21<6O " N2>21 12 267/15<13<6 7<67, >,6 /6 :-,42>7, , 5=2< ./2 1/ =2=5><>5P6
:/2=2 -21/87<- 2T7-<Y< 4 =5QL>58 =2 >,3:-26=2- < 8,1 =23K1O "3<6 8<1 72,-L<1V 821
26><67< :261<- 4 < 326/=, 7<3;506 3/217-<6 9-<6 :-2,>/:<>5P6 :,- >/2175,621
3,-<821 >,3, 8<1 56U/175>5<1V 8< Q<87< =2 -21:27, < 8,1 =23K1V , 8< 9/2--< 4 8<1 :2-1,6<1
156 M,9<-O G<3;506 1,6 3/4 56=2:26=526721 26 1/1 :261<35267,1 4 < 326/=, >-L75>,1 2
53:<>526721 >,6 8<1 :2-1,6<1 6,-3<821 :,-./2 217<1 6, :/2=26 129/5-821 26 1/ -573,
567282>7/<8O

;9C !>: G5:41 >:41< =7A A?B7: D1E7<>:

%1 M<;57/<8 ./2 8,1 1/:2-=,7<=,1 7269<6 :-2=582>>5P6 :,- <359,1 =2 2=<= 1/:2-5,- 4
:,- <=/87,1O " N2>21 =21<--,88<6 /6< 9-<6 <3517<= >,6 >,3:<Y2-,1 =2 1/ 3513< 2=<=V
:2-, >/<6=, <6<85R<3,1 21<1 <3517<=21 1,823,1 26>,67-<- 65Y,1 3/4 567285926721 ,
1/:2-=,7<=,1V >,6 8,1 ./2 1L 12 267526=26O

S,1 :-,;823<1 >,6 65Y,1 =2 2=<= 1/:2-5,- 1/-926 :,- 8< Q<87< =2 2T:2-526>5< =28
1/:2-=,7<=, 4 :,- 1/ :-,:5, =21<--,88, QL15>,O "1L < N2>21 12 :/2=26 12675- Q/2-< =2
8/9<-V 1,;-2 7,=, 26 8< <=,821>26>5< >/<6=, 8,1 ><3;5,1 26 8,1 65Y,1 1,6 7<6 -K:5=,1V
7<67, 26 8< 217<7/-<V 26 8,1 9/17,1V 26 8< <:<-5>5P6 =2 8< <7-<>>5P6 :,- 28 12T, ,:/217,V
27>O

a"6=-01 =2 ?? <Y,1 1523:-2 M< U/9<=, >,6 1/1 <359,1 =2 ?D <Y,1V :2-, 6, 267526=2 :,-
./0 <M,-< 217K6 7<6 :26=526721 =2 8<1 >M5><1 26 8/9<- =2 129/5- M<;8<6=, >,6 08 =2

"!
"17-,6,3L<O %3:52R< < 12675-12 =21:8<R<=, 4 <=23K1 12 -L26 =2 08 :,-./2 21 3/4
:2./2Y, 4 6, 267526=2 6<=<Oe

"153513,V 1/2826 =51Q-/7<- =2 8< >,3:<YL< =2 65Y,1 326,-21V 4< ./2 217, 821 :2-3572
,>/:<- ,7-, -,8V 2612Y<-821 4 >/5=<-821O

H9 +<1A =121=?@1@ @> 1I:4<1==?JA

%172 >,3267<-5, 21 M<;57/<8 267-2 8,1 Q<3585<-21 4 <359,1 =2 8,1 1/:2-=,7<=,1O a$/4
567285926721V 1LV :2-, 6,1 :<1<6 >,1<1 ;<17<672 <;1/-=<1eO

p+,- ./0 1,3,1 7<6 =21:517<=,1q G5262 ./2 N2- >,6 6/217-< ><:<>5=<= =2 <;17-<>>5P6O

)<>2 :,>,V /6< 3<=-2 32 >,3267<;< ./2 1/ M5U, =2 ?C <Y,1 12 :,6L< 8,1 185:1 ./2 288<
=2U<;< :-2:<-<=,1 <8 8<=, =2 8< ><3<V U/67, < ><8>275621V :<67<8P6 4 ><35127<O c6 =L< 82
2T7-<YP ./2 8,1 :<67<8,621 -2>506 >,3:-<=,1 82 ./2=<126 7<6 217-2>M,1O E21>/;-5P
1,-:-26=5=< ./2 1/ M5U, 882N<;< 7-21 =L<1 82N<67K6=,12 7<-=2 4 N517506=,12 >,3, /6
-,;,7I 12 :,6L< 28 185: ./2 288< M<;L< =2U<=, 26 8< ><3< 4 6, 12 <>,-=<;< =2 ./57<-12 28
=28 =L< <672-5,-O

G<3;506 N23,1 1/:2-=,7<=,1 >,6 ><8>275621 =2 =5Q2-2672 >,8,- , R<:<7,1 =5Q2-26721O


H7-,1 12 :<1<6 32=5< M,-< ;/1><6=, <615,1<32672 8<1 9<Q<1 ./2 882N<6 >,89<=<1 ,
:/217<1O &5Y,1 1/:2-=,7<=,1 ./2 :52-=26 >,6756/<32672 ><-:27<1V U/9/2721 4 85;-,1
:,-./2 12 8,1 =2U<6 26 >/<8./52- 1575, 4 6, 12 <>/2-=<6 =2 N,8N2- < >,92-8,1O

%6 28 >,8295, 28 =21:5172 882N< < 217<- 35-<6=, :,- 8< N267<6<V ,V >,3, 12 =5>26
>,--5267232672V >,6723:8<6=, 28 N/28, =2 /6< 3,1><V ,;N5<6=, 8< 2T:85><>5P6 =28
:-,Q21,- , 8,1 >,3267<-5,1 =2 1/ >,3:<Y2-,O

%6 ><1< 0172 159/2 :-212672V <;17-<L=,1 >,6 8< 7282N515P6 , 28 ,-=26<=,-V 3/>M,1
-21:,6=26 <Q5-3<75N<32672 156 21>/>M<- 8, ./2 12 821 =5>2O

a%=/<-=,V %=/<-=,V bbbb%Ec"#EHHdddV 28 65Y,V p:2-, 6, N21 ./2 12 N< < ><2-q
bb%Ec"#EHHddOOOe %8 65Y, 12 ><2 4 1/ :<=-2 1/:2-=,7<=,V < 1,8, =,1 327-,1 =2
=517<6>5<V 35-<;< 1/ :,-7K758 156 2672-<-12 =2 8, ./2 ,>/--L< < 1/ <8-2=2=,-O

F601 32 >/267< ./2 12 ./2=< < 326/=, 21>/>M<6=, <7267<32672 < 1/ 7L<V 35-K6=,8< <
8,1 ,U,1V 1,6-526=,V :2-, 156 N2-8< 65 21>/>M<-8<O S, 3<8, 21 >/<6=, 1/ 7L< 82 =5>2V v
a+2-, 15 72 8, =5U2 28 ,7-, =L<V 6, 72 <>/2-=<1qe v ab&,de

""
J21[1V 26 28 9-/:, =2 <359,1V >,6 8< >2-N2R< 26 8< 3<6, 4 8< 35-<=< Q5U< 26 <89[6 :/67,
56=2Q565=,V >,6 /6< 1,6-51< >,-701V <:<-267232672 :<-75>5:<6=, 26 8< >,6N2-1<>5P6V
:2-, >,6 8< 32672 < =,1 358 t58P327-,1 =2 =517<6>5<O r aH42V 7/ <359, 21 /6 :,>, -<-,V
p6,q '2 ./2=< <1LV >,6 8< 35-<=< Q5U<V =< 352=,e

E21:51721 >,3, >,92- 28 75>t27 =2 <:<-><35267, 26 8< ><882 4 26 8/9<- =2 =2U<-8, 26 28


>,>M2V < 8< N517< =2 8,1 <926721 =2 129/-5=<=V 882NK-728, 26 28 ;,81,O E2U<- <;52-7< 8<
:/2-7< =28 >,>M2V :,-./2 72 M<6 88<3<=, :,- 7280Q,6, 26 212 3,3267,O E2U<- 8<1 88<N21
=2 7/ ><1< 26 8< >2--<=/-< :,- Q/2-< 4 /6 156QL6 =2 =21:51721 3K1 1,6 3/4 7L:5>,1 26
1/:2-=,7<=,1 =2 7,=<1 8<1 2=<=21O

S< 9-<6 ><:<>5=<= =2 <;17-<>>5P6 6,1 882N< < 5- ><356<6=, :,- 8< ><882 7,7<832672
<;1,-7,1 26 6/217-,1 :261<35267,1 4 6, N2-V 8572-<832672V < 6<=52V 4V :,- 8, 7<67,V 6,
1<8/=<- 65 7<6 15./52-< < 8,1 3523;-,1 3K1 >2-><6,1 =2 6/217-< Q<3585<O " 326/=,
217,1 :2./2Y,1 =27<8821 6,1 M<>26 :<-2>2- 3<82=/><=,1 , 269-2L=,1O &<=< =2 21,V 1,8,
=21:517<=,1O

%6 28 72<7-,V 26 8< P:2-<V 26 =272-356<=<1 21>26<1 8,1 Q,>,1 58/356<6 1P8, /6< :<-72 =28
21>26<-5,V <./288< 26 8< ./2 12 =21<--,88< 8< 21>26< :-56>5:<8V 35267-<1 28 -217, =28
21>26<-5, 12 ./2=< < ,1>/-<1O "1L 1,3,1 ><:<>21 =2 >,6>267-<-6,1 :-2>51<32672 26 21<
:<-72 =28 21>26<-5, 4 6/217-< 32672 =2U< =2 :2->5;5- 8, ./2 ,>/--2 <8-2=2=,-O

"89, :<-2>5=, ,>/--2 >,6 8< ><:<>5=<= =2 >,6>267-<>5P6 =2 8,1 1/:2-=,7<=,1V 3K1
282N<=< ./2 8< =2 8<1 :2-1,6<1 6,-3<821O ',3,1 ><:<>21 =2 Q,><85R<- 8< <726>5P6 =2
Q,-3< 53:,-7<672 26 <./288, ./2 <7-<2 6/217-, 5672-01 , 26 6/217-,1 :-,:5,1
:261<35267,1 4 =2U<3,1 =2 :2->5;5- 28 -217, =28 3/6=,O

%17/=5<- 6, 21 =5QL>58 <1LV 3/>M,1 :/2=26 72-356<- 28 ;<>M5882-<7, 217/=5<6=, 4


M<>526=, 8,1 =2;2-21 26 28 1<8P6V >,6 7,=< 8< Q<3585< M<;8<6=, 4 21>/>M<6=, 8<
7282N515P6V :,-./2 6/217-< ><:<>5=<= =2 <;17-<>>5P6 6,1 :2-3572 :-2>51<32672 21,V
<;17-<2-6,1 <;1,8/7<32672 =2 8, ./2 6,1 -,=2< 4 >,6>267-<-6,1 26 /6< 7<-2<
=272-356<=<O

!,3, >,612>/26>5< :,=23,1 -26=5- 3/>M, 3K1 :,-./2 >,6>267-<3,1 7,=< 6/217-<
262-9L< 3267<8 26 <./288, ./2 217<3,1 M<>526=,V :2-, <8 3513, 7523:, 6,1 :2-=23,1
/6 3,67P6 =2 >,1<1 =2 6/217-, 267,-6,O

_ 15 N<3,1 =K6=,82 N/287<1 < <89/6< 5=2< 26 8< ><;2R<V >,6 28 a3,856272e 26 3<->M<V 21
3/4 QK>58 ./2 12 6,1 :<126 :,- <87, >,1<1 7<6 126>588<1 >,3, 28 >,8,- =2 8< -,:< ./2

"#
882N<3,1V =P6=2 M23,1 =2U<=, 8<1 9<Q<1 , >P3, 12 88<3< 212 12Y,- 7<6 153:K75>, ./2
6,1 :-21267<-,6 28 ,7-, =L<O

"60>=,7< =2 /6 1/:2-=,7<=, <Q5>5,6<=, < 8< 56Q,-3K75>< 4 :8/13<-./517< =28 =21:5172


./2 8829P < /6 M,728 4 =5U,I l\/52-, /6< M<;57<>5P6 >,6 N517<1 <8 3<-lO ab!,6 N517<1 <8
3<-d p"./L 26 '29,N5<qe _ 6/217-, M,3;-2 M5R, /6 9217, =2 -21596<>5P6I lb]<4<db_< M2
N/287, ,7-< N2R < 2./5N,><-32 =2 7-26dl

%6 8< 21>/28< 8,1 =21:51721 1,6 3,75N, =2 ;-,3<1 4 ;/-8<1 =2 8,1 >,3:<Y2-,1V 26 ><1<
3,75N, =2 =2121:2-<>5P6 :<-< 8,1 :<=-21 4 26 8< :<-2U< 1,3,1 /6 :,>, =21<17-21 :/21
:<-2>2 ./2 1523:-2 =2;23,1 7262- < <89/526 >/5=K6=,6,1 :<-< ./2 6, 6,1 ,8N5=23,1
M<17< =2 >,32-O

"1LV 26 6/217-< >,61/87< <89/6<1 3<=-21 12 =2121:2-<6 :,- 8< Q<87< =2 >,67-,8 =28
7523:, =2 1/1 M5U,1 <=,821>26721O $/>M<1 N2>21 12 :<1<6 M,-<1 >,6 28 ,-=26<=,- :,- 8<1
6,>M21 4 12 82N<67<6 7<-=2 4 ><61<=,1O ]5N26 >,6 M,-<-5,1 7,7<832672 7-<17,><=,1O
+2-1,6<832672 M2 26>,67-<=, /6< 1,8/>5P6 < 2172 :-,;823<O " <89/6,1 :<>526721 821
=,4 /6 7-/>, 126>588, :<-< <>,17<-12 < /6< M,-< -<R,6<;82V =21>,62>7<- 28 :,-7K758 =2 8<
-2= 280>7-5>< 4 <1L 12 N<6 < =,-35- >/<6=, 12 <><;< 8< ;<72-L< =28 3513,O %1
Q/6=<3267<8 -21:27<- 8,1 M,-<-5,1 Q<3585<-21 =2 >,35=<1 4 >26<1 :<-< 882N<- /6 21758, =2
N5=< 3K1 , 326,1 1<8/=<;82 4 2./585;-<=,O

E2 M2>M, 8<1 <60>=,7<1 ./2 < 326/=, 21>/>M<3,1 1,;-2 8,1 9-<6=21 :261<=,-21 26 8<1
0:,><1 =2 3<4,- -26=535267, 567282>7/<8 752626 21< 3513< 2T:85><>5P6O

012.#$%+ 34 5&2)#$6- #' (- 7$&- 8&%#89%"!+ : !$#&)+$ )# (-& "8*+$%&-%# #'!(#2& )#


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P9C !JG?=1 > ?A476><1A=?1

!,3, 1/:2-=,7<=,1 72623,1 3/4 =21<--,88<=< 6/217-< ><:<>5=<= 8P95><O


+2-1,6<832672V :5261, ./2 26 ,><15,621 217, 6,1 882N< < 12- /6 :,>, a>/<=-5>/8<=,1eO

c6 2U23:8, ./2 1/28, :,62- 21 ./2 1,3,1 ;56<-5,1V =2 >2-, , /6,V =2 ;8<6>, , 629-,O '5
6,1,7-,1 ./2=<3,1 < 8<1 m 21 :<-< 8829<- < 8<1 mV 6, < 8<1 fIfm , < 8<1 mI?mO

'5 6/217-< 23:-21< :/;85>< /6< :8<R< ./2 6,1 5672-21< 21 :<-< ./2 :,=<3,1 ,:7<- <
288<V 6, :<-< ./2 4< 2170 >/;52-7< =2 <6723<6, :,- <89[6 <359, =28 U2Q2 =28
=2:<-7<3267,O

'56 23;<-9,V :<-< 8,1 =23K1 21 :2-Q2>7<32672 6,-3<8 ./2 8< -2<85=<= 7269< :,>, ./2
N2- >,6 8< 8P95>< W>,6 6/217-< 8P95><X 4 21, 6,1 882N< < >M,><- >,6 6/217-, 267,-6, 4 <
12- 7<>M<=,1 =2 567,82-<6721O

" 326/=, 21>/>M, ./2 8,1 1/:2-=,7<=,1 1,3,1 :2-Q2>>5,6517<1O '56 23;<-9,V 26 8,1
217/=5,1 ./2 12 M<6 -2<85R<=, 26 8,1 [8753,1 <Y,1 28 :2-Q2>>5,6513, 6, 21 /6< >/<85=<=
7L:5>< =2 8,1 1/:2-=,7<=,1O 'L 8, 21 8< <87< 2T5926>5< 4 28 12675=, =2 8< 8P95><O

Q9C #5E >R?G>A4>: =7A A7:74<7: D?:D7: E =7A 67: @>DF:

S,1 1/:2-=,7<=,1 1,3,1 3/4 2T5926721 >,6 6,1,7-,1 3513,1V M<17< 28 :/67, =2 8829<- <
;8,./2<-6,1 26 =272-356<=<1 K-2<1O a!,3, 6, 1,4 ;/26, 26 Q[7;,8V 4< 6, U/29,e
:261<35267, 7L:5>, =2 3/>M,1 65Y,1 1/:2-=,7<=,1O

)2 N517, < UPN2621 ./2 6, 12 :-21267<6 < 8,1 2TK32621 :,-./2 6, 12 1526726 :-2:<-<=,1
:<-< >,6129/5- /6 ?BV 8< 3KT53< ><85Q5><>5P6 ./2 >-226 7262- 8< ,;859<>5P6 =2 ,;7262-O

#*
c6 <:-,;<=, 6,-3<8 6, 821 15-N2V 752626 ./2 <8><6R<- 8<1 32U,-21 6,7<1 :<-< 217<-
>,6Q,-321 >,6 1/1 2T:2>7<75N<1 4 8<1 =2 1/1 :<=-21O "672 8< 53:,15;585=<= =2 8,9-<- 8<1
32U,-21 ><85Q5><>5,621V -26/6>5<6 < 217/=5<- 8, 3L653,O E2 217< Q,-3< 8,1 1/1:261,1 12
<>/3/8<6O

"89/6,1 752626 >56>, 327<1 3/4 2T5926721 <8 3513, 7523:,V >-2406=,12 26 8<
,;859<>5P6 =2 <8><6R<-8<1 7,=<1 < 8< N2RO !/<6=, 3/4 :,><1 :2-1,6<1 26 2172 3/6=,
>,6159/26 12- 8,1 32U,-21 26 /6 K-2<V 6,1,7-,1 ./2-23,1 12-8, 26 N<-5<1O

)2 >,6,>5=, 1/:2-=,7<=,1 =2 1,8, DB <Y,1V >,6 /6< ><--2-< 1/:2-5,-V /6 ;/26 7-<;<U,V
/6< 21:,1< 4 /6< Q<3585< ./2 821 ./52-2 4 821 <:,4<V :2-, < :21<- =2 7,=, 288, 12 1526726
Q-<><1<=,1 p+,- ./0q +,-./2 1/1 2T:2>7<75N<1 1,6 26,-321O G,=,1 1/1 8,9-,1 821
:<-2>26 5615965Q5><6721O

)2 M<;8<=, >,6 1/:2-=,7<=,1 ./2 =5;/U<;<6 Q26,326<8 26 1/ 56Q<6>5<V ./2 ,;726L<6


8<1 32U,-21 ><85Q5><>5,621 26 =5;/U,V :2-, 6, <8><6R<;<6 1/1 2T:2>7<75N<1 W1/1 =5;/U,1
6, 2-<6 :2-Q2>7,1XO E2U<-,6 =2 =5;/U<- :<-< 1523:-2O

S, 3513, 1/282 ,>/--5- >,6 -21:2>7, < >/<8./52- =2:,-72 , 28 217/=5, =2 5=5,3<1O c6,
=2 351 :<>526721 32 >,6Q21P ./2 =<=, ./2 12 M<;L< =<=, >/267< =2 ./2 6/6>< 5;< <
=,356<- ;526 28 569801V M<;L< =2>5=5=, =2U<-8, 4 6, N,8N2- < 217/=5<- 6569[6 5=5,3<O %1
53:,15;82 =,356<- :2-Q2>7<32672 /6 5=5,3< < 6, 12- ./2 12<1 6<75N, , 8, M<4<1
<:-26=5=, 26 7/ 56Q<6>5<V :2-, < 8< 3<4,-L< =2 8<1 :2-1,6<1 821 ;<17< >,6 1<;2-
>,3/65><-12 26 212 5=5,3< W:,=2- 822- 4 M<;8<-XO S,1 1/:2-=,7<=,1 6,V , 21 :2-Q2>7, ,
6, 821 15-N2O

%8 217/=5, =2 5=5,3<1 21 1,8, /6 2U23:8, 3K1V :2-, 32 26>/267-, >,6 157/<>5,621


;<17<672 <;1/-=<1 ./2 752626 28 3513, :<7-P6 =2 >,3:,-7<35267,O "87L153<1
2T:2>7<75N<1V < N2>21 9262-<=<1 :,- 288,1 3513,1V :2-, 3/>M<1 N2>21 Q,3267<=<1 ,
2T595=<1 :,- /6,1 :<=-21 ./2 21:2-<6 3/>M, =2 1/1 M5U,1O '/ 56><:<>5=<= :<-<
<8><6R<-8<1 821 882N< < ;8,./2<-12 4 < 12675-12 </70675>,1 Q-<><1<=,1O

!/-5,1<32672 217< 157/<>5P6 >,56>5=2 >,6 /6< 9-<6 ><:<>5=<= ./2 821 :2-3575-L< M<>2-
-<R,6<;8232672 ;526 ;<17<6721 >,1<1V :2-, 288,1 3513,1 12 ;8,./2<6O

%172 65N28 =2 2T5926>5<V <=23K1 =2 ,;17<>/85R<- 1/1 :,15;585=<=21V 821 9262-< 217-01 4
<6152=<=V <89, ./2 <Q2>7< < 7,=<1 8<1 K-2<1 =2 1/ N5=< 4V >,3, N2-23,1 :,172-5,-32672V
< 1/ 1<8/= QL15><O

G<3;506 1/2826 12- 2T5926721 >,6 8,1 =23K1O c6 1/:2-=,7<=, 7-<;<U< 3K1 -K:5=,V
7-<;<U< 32U,- 4 21 3K1 >,3:272672 ./2 8< 3<4,-L< =2 1/1 >,3:<Y2-,1O !/<6=, ,;12-N<

#!
./2 8,1 =23K1 1,6 3K1 8267,1V 12 26Q<=<V 8829<6=, < 2N57<- 28 7-<;<U, 26 2./5:,O
+-2Q52-26 7-<;<U<- 26 1,857<-5, :,-./2 821 :<-2>2 /6< :0-=5=< =2 7523:, 129/5- 28 -573,
=2 8,1 =23K1O

S9C N7=1 <>:?:4>A=?1 1 61 T<5:4<1=?JA

%8 Q-<><1, 21 <89, ./2 6, 82 9/17< < 6<=52V :2-, 3/>M, 326,1 < 8,1 1/:2-=,7<=,1O !,3,
>,3267K;<3,1 <672-5,-32672 >/<6=, /6 1/:2-=,7<=, Q-<><1<V < 326/=, <;<6=,6<O
'/1 <87<1 2T:2>7<75N<1 6, 821 :2-35726 26Q-267<-12 < 6, 12- ;/26, 26 <89,V < 7262- ./2
5615175- /6< 4 ,7-< N2R :<-< >,6129/5- 28 ,;U275N, 4 :-2Q52-26 <;<6=,6<-O

"1L <;<6=,6<6 8<1 ><--2-<1 /65N2-157<-5<1 ./2 23:52R<6 /6< 4 ,7-< N2RV 6, :-<>75><6
=2:,-721 =2 >,3:275>5P6 < 326,1 ./2 12<6 8,1 32U,-21 4 882N<6 3/4 3<8 28 Q-<><1,
:,-./2 752626 9-<6=21 =5Q5>/87<=21 :<-< 5615175- 4 :2-12N2-<- :<-< <8><6R<- 1/1
,;U275N,1O

U9C L?2><1=4?V7: D>A416>:

S,1 1/:2-=,7<=,1 1,823,1 12- M5:2-<>75N,1 3267<821V 6/217-< 32672 1523:-2 217K
Q/6>5,6<6=, </6./2 6, ./2-<3,1O " 326/=, M2 21>/>M<=, 8< Q-<12 a32 9/17<-L< :,=2-
=2U<- =2 :261<-V =2U<- =2 =<-82 N/287<1 /6< 4 ,7-< N2R < 8<1 >,1<1V :2-, 35 ><;2R< 6/6><
:<-<eO

!/<6=, 217< M5:2-<>75N5=<= 3267<8 12 /62 < /6< 9-<6 262-9L< QL15>< 6,1 26>,67-<3,1
>,6 </70675>,1 <=5>7,1 <8 7-<;<U, ./2 =,-35-K6 3/4 :,>, 35267-<1 21706 ,>/:<=,1 26
<89, ./2 -2<832672 821 5672-21<O

E5>26 ./2 S2,6<-=, =< ]56>5V /6, =2 8,1 1/:2-=,7<=,1 3K1 >,6,>5=,1 =2 8< M517,-5<V
=,-3L< 15217<1 =2 ?m P CB 356/7,1 ><=< >/<7-, M,-<1 :<-< <:-,N2>M<- <8 3KT53, 1/
7523:,O &<:,82P6 1,8, 62>2157<;< CfB 356/7,1 =2 1/2Y, <8 =L< :<-< -26=5- >,3, /6
9-<6 35857<-O S,1 >5267LQ5>,1 F1<<> &2s7,6 4 GM,3<1 "8N< %=51,6 7<3:,>, :<1<;<6 3K1
=2 >56>, M,-<1 26 8< ><3<V 4 217<=517<1 >,3, w5617,6 !M/->M588 , GM,3<1 J2QQ2-1,6 6,
=,-3L<6 3K1 =2 f M,-<1 129/5=<1 =/-<672 8< 6,>M2O "89, :<-2>5=, 12 =5>2 =2 '<8N<=,-
E<8LO

&, 21 =5QL>58 =2 53<956<- :<-< >/<8./52- 1/:2-=,7<=,O !/<6=, 217<3,1 7-<;<U<6=, 26


<89, ./2 6,1 5672-21<V =,-35- 21 8, =2 326,1 4< ./2 6,1 -21/87< 3/4 =5QL>58 =21>,62>7<-
:,-./2 6/217-< 32672 159/2 <>75N< < 6/217-, :21<-O "89/6,1 M<6 =21<--,88<=, 8<

#"
217-<7295< =2 =,-35- :2./2Y<1 15217<1 =2 /6,1 356/7,1 26 >/<8./52- :<-72 4 =21:/01
217<- <;1,8/7<32672 <>75N,1O

c6 :2-1,6<U2 :[;85>, 3/4 >,6,>5=, 26 6/217-, :<L1V <8 ./2 7/N2 28 M,6,- =2 >,6,>2-
:2-1,6<832672V 726L< /6< 32672 2T>2:>5,6<8 ./2 82 :2-357L< M<;8<- =2 :-K>75><32672
>/<8./52- 723< >,3, /6 2-/=57,O %-< /6 1/:2-=,7<=,O

%6 1/ 27<:< >,3, -21:,61<;82 =2 /6 K-2< :,8L75>< =2 9-<6 -282N<6>5< 1/1 M,-<-5,1 2-<6
72--5;821V M<17< 28 :/67, =2 ./2 3/4 =5QL>5832672 1/1 >,612U2-,1 82 129/L<6 28 -573,O
G-<1 3/>M,1 <Y,1 =2 7-<;<U, 4V < :21<- =2 1/ <N<6R<=< 2=<=V 129/L< 82N<67K6=,12 < 8<1
1251 =2 8< 3<Y<6< 4 7-<1 /6< =/-< U,-6<=< 8<;,-<8V :,=L<1 26>,67-<-82 7,7<832672
>,6>267-<=, 26 /6< 267-29< =2 :-235,1 =2 3<=-/9<=<O G/N2 8< ,:,-7/65=<= =2 N2-82 4
7-<;<U<- :2-1,6<832672 >,6 08O %-< <=35-<;82O

%1, 1LV 26 8,1 :2./2Y,1 7-<42>7,1 26 >,>M2 =,-3L< :8K>5=<32672 35267-<1 1/ >MPQ2- 82
882N<;< =2 /6 <>7, < ,7-, 4 26 >/<67, 12 1/;L< <8 <N5P6 7<3;506 =,-357<;<
:8K>5=<32672O '/ ><:<>5=<= =2 7-<;<U, 2-< 3/4 1/:2-5,- < 8< =2 7,=,1 1/1 >,3:<Y2-,1O

$/>M<1 N2>21 32 M<6 ><85Q5><=, =2 M5:2-<>75N< :,-./2 1523:-2 7269, 6/2N,1 :-,42>7,1
26 3<->M<O !/<6=, <89, Q/6>5,6<V >/<6=, 4< 6, 21 /6 -27,V 217<3,1 =212<6=, =2U<-8,
:<-< <;,-=<- ,7-, 4 26 6/217-< <926=< 1523:-2 2T51726 ?B P CB :-,42>7,1O

S< 2=<= 6, 21 /6 :-,;823< 4 8< 1<8/= 7<3:,>,O c6, =2 351 N2>56,1 75262 /6< 2=<=
<N<6R<=< 4 N<-5,1 <>>5=26721 =2 7-KQ5>, < 1/1 21:<8=<1 ./2 82 M<6 =2U<=, >,6 ;<17<6721
=5Q5>/87<=21 QL15><1V :2-, 1523:-2 217K <>75N,O E21=2 8< 3<=-/9<=< 82 N2, >/5=<6=, 1/
U<-=L6 4 ><=< N2R ./2 82 M<;8<1 72 >/267< /6< =2 1/1 6/2N<1 5=2<1O %1 M5:2-<>75N,
3267<8V >,3, 3/>M,1 1/:2-=,7<=,1V < 326/=, ><:<>21 =2 <9,7<- < 8,1 ./2 72623,1 <8
8<=,O

8W9C N<7I6>D1: @> >:4<X: E >AT><D>@1@>: 2:?=7:7DF4?=1:

S< M5:2-<>75N5=<= 3267<8 7L:5>< =2 8,1 1/:2-=,7<=,1V 28 <87, 65N28 =2 2T5926>5< 4 8,1
:-,;823<1 26 8<1 -28<>5,621 >,6 8,1 =23K1 9262-<6 217-01O _ 28 217-01 156 >,67-,8 :/2=2
882N<- < =21<--,88<- 26Q2-32=<=21 :15>,1,3K75><1O

E272-356<=<1 26Q2-32=<=21 1,6 3/4 Q-2>/26721 267-2 8,1 1/:2-=,7<=,1I F61,365,V


E2-3<75751 <7P:5><V +1,-5<151V n-/T513,V "13<V F61,365,V g<17-5751V !,67-<>7/-<1
3/1>/8<-21 27>O

##
%6 >,61/87< >/<6=, 8, >,3267, >,6 8,1 1/:2-=,7<=,1 <=/87,1 , >,6 8,1 :<=-21 =2 65Y,1
1/:2-=,7<=,1V M<;57/<832672 32 >,6Q5-3<6 <89/6<O

S,1 65Y,1 1/:2-=,7<=,1 < 326/=, =/2-326 3<8V 1,6 3/4 56./527,1 4 :/2=26
=21<--,88<- 26 8< 56Q<6>5<V , ;526 4< =2 <=/87,1V 26Q2-32=<=21 :15>,1,3K75><1
-28<>5,6<=<1 >,6 28 65N28 =2 217-01 <8 ./2 217K6 1,3275=,1V /6<1 N2>21 :,- 1/ :-,:5<
Q,-3< =2 12- 4 ,7-<1 N2>21 :,- 8,1 :-,;823<1 26 1/1 -28<>5,621 >,6 8,1 =23K1O

889C .>A4?@7 @>6 Y5D7<

%8 12675=, =28 M/3,- 4 8< ;,6=<= =2 8,1 1/:2-=,7<=,1 32 88<3<-,6 8< <726>5P6 >/<6=,
23:2>0 < -28<>5,6<-32 >,6 288,1 26 <1,>5<>5,621 4 ./2 12 >,6Q5-3P 3K1 7<-=2
7-<;<U<6=, >,6 65Y,1 4 <=/87,1 26 >,61/87<O

&, 1523:-2 21 /6 12675=, =28 M/3,- ;526 26726=5=,V 4< ./2 < 326/=, 8,1 >M51721 4 8<1
;-,3<1 1,6 21:2>5<821V 26 1/ :-,:5, >P=59, 4 6, QK>5821 =2 26726=2- :,- 8,1 =23K1O

8;9C &<>14?V7:

S< >-2<75N5=<= 21 8< ><:<>5=<= =2 9262-<- 6/2N<1 5=2<1 , >,6>2:7,1V , =2 >-2<- 6/2N<1
<1,>5<>5,621 267-2 5=2<1 , >,6>2:7,1 4< 2T51726721 ./2 :/2=26 :-,=/>5- 1,8/>5,621
,-5956<821O

S< >-2<75N5=<=V 8< 323,-5< 4 8< 567285926>5< 7,=<NL< 6, M<6 15=, =21>5Q-<=<1 :2-,
<:<-267232672 N<6 /65=<1 < 6/217-< ><:<>5=<= >2-2;-<8O

)<;57/<832672V 26 8<1 2N<8/<>5,621 ./2 -2<85R<3,1 < 1/:2-=,7<=,1 ,;12-N<3,1


:2->2675821 3/4 282N<=,1 7<3;506 26 323,-5< 4 26 >-2<75N5=<=V M<17< 28 :/67, =2 ./2
<89/6<1 72,-L<1 2T5926 >,3, >,6=5>5P6 :<-< 8< 1/:2-=,7<>5P6 8< <87< >-2<75N5=<=
W2T5926>5< >,6 8< ./2 6, 217<3,1 =2 <>/2-=,XO

S, >52-7, 21 ./2 15 72623,1 9-<6 ><:<>5=<= =2 <83<>26<35267, =2 56Q,-3<>5P6


W323,-5<XV /65=< < /6< 9-<6 N28,>5=<= =2 :-,>21<35267, W567285926>5<X 6,1 -21/87< 3K1
126>588, -2<85R<- >,3;56<>5,621 4 ,;7262- 1,8/>5,621 6,N2=,1<1 W>-2<75N5=<=XO S<
>-2<75N5=<= 21 /6 :-,=/>7, =2 8< 567285926>5< 4 8< 323,-5<O

S,1 1/:2-=,7<=,1 1/2826 12- ;/26,1 ,;12-N<=,-21 26 7,=, 8, ./2 821 5672-21<V 752626
/6< 9-<6 53<956<>5P6 4 1/2826 12- 3/4 >-2<75N,1 26 1/1 -21:2>75N,1 ><3:,1 =2 7-<;<U,V

#$
;/1><6=, 6/2N<1 1,8/>5,621 < 8,1 :-,;823<1 2T51726721 4 6/2N<1 ,-5267<>5,621 < 8,1
:-,>21,1 M<;57/<821O

S, 3K1 =5QL>58 :<-< /6 1/:2-=,7<=, 1/282 12- 6, :,=2- ><3;5<- 8<1 >,1<1 >,6Q,-32 < 1/1
6/2N<1 5=2<1V 129/5- -2<85R<6=, 1/ 7-<;<U, >,3, M<;57/<832672 12 N26L< M<>526=, 156
:,=2- 56>,-:,-<- 1/1 566,N<>5,621O `17< 21 /6< =2 8<1 9-<6=21 Q/26721 =2 Q-/17-<>5P6 =2
8,1 1/:2-=,7<=,1 26 28 K3;57, 8<;,-<8V ./2 6, 821 21>/>M26 4 ./2 1/1 5=2<1 6, 12 7269<6
26 >/267<O

8H9C *?>A@>A 1 =5>:4?7A1< 61: A7<D1: E 61 1547<?@1@

S,1 1/:2-=,7<=,1 <1/326 :2-Q2>7<32672 7,=, <./288, ./2 >,3:-26=26V :2-, 7526=26 <
-2;28<-12 >,67-< 8<1 6,-3<1 1,>5<821 ./2 6, 267526=26 , >,67-< <./288<1 ./2 ;<U, 1/
:/67, =2 N517< 1,6 <;1/-=<1O

S,1 65Y,1 1/:2-=,7<=,1 7526=26 < >/2175,6<- 8<1 P-=2621 3K1 126>588<1 =2 1/1 :<=-21V
=21=2 a>P3272 8<1 82672U<1e < a:,- ./0 7269, ./2 Q285>57<- 8,1 >/3:82<Y,1 , 88<3<-82 :,-
>,-721L<j 21 /6< 7,672-L<Oe

%8 :,-./2 1L , 28 :,-./2 <1L 12 M< M2>M, 1523:-2 1/282 >,6129/5- 28 2Q2>7, >,67-<-5, <8
./2 12 =212<V 4< ./2 26 8/9<- =2 :-,:,->5,6<- /6 <-9/3267, NK85=, :<-< ./2 12 <>2:72
/6< ,-=26 , /6< 56=5><>5P6 12 82 217K6 =<6=, -<R,6<35267,1 58P95>,1O

8K9C #74?V1=?JA :J67 21<1 67 Z5> 6>: ?A4><>:1

S,1 1/:2-=,7<=,1 217K6 <87<32672 3,75N<=,1 :<-< <./288, ./2 821 5672-21< =2 N2-=<=O
+2-, :/2=26 217<- <;1,8/7<32672 =213,75N<=,1 :<-< 7,=, 8, =23K1O

" $<->,1V /6, =2 351 :<>526721 =2 h <Y,1V 6, 82 -2>,6,>L<6 1/ 1/:2-=,7<>5P6 26 28


>,8295,O S< -<RP6 219-535=< :,- 28 ,-5267<=,- 21>,8<- Q/2 ./2 < :21<- =2 7262- /6
>,>52672 567282>7/<8 =2 ?mB 4V < :21<- =2 7262- /6< >-2<75N5=<= =28 im^V 6, 217<;<
3,75N<=,O

H;N5<32672 6, 217<;< 3,75N<=,O E2 M2>M, 217<;< <;/--5=, 26 1/ >8<12V :,-./2 8,1


>,67265=,1 12 26>,67-<;<6 3/4 :,- =2;<U, =2 1/ ><:<>5=<= 567282>7/<8O S,1 :<=-21
7/N52-,6 ./2 5-12 =2 6/217-, :<L1 :<-< =<-82 /6< 2=/><>5P6 <=2>/<=< < 1/ M5U,O

S< 3,75N<>5P6 6, :/2=2 2T595-12 :<-< =23,17-<- ./2 /6 65Y, 21 , 6, 21 1/:2-=,7<=,


>/<6=, 82 1,32723,1 < <>75N5=<=21 ./2 6, 82 5672-21<6 26 <;1,8/7,O +,- 288,V >-223,1
./2 8<1 72,-L<1 ./2 217<;82>26 ./2 1,6 62>21<-5<1 8< "87< F67285926>5<V 8< "87<

#%
!-2<75N5=<= 4 8< "87< $,75N<>5P6 W>,3, 8< =2 #26R/885XV 3<8 26726=5=<1V :/2=26 882N<- <
./2 3/>M,1 65Y,1 1/:2-=,7<=,1 6, -2>5;<6 /6< 2=/><>5P6 <=2>/<=< < 1/ ><:<>5=<=O

S< 1/:2-=,7<>5P6 129[6 8< H$' WH-9<65R<>5P6 $/6=5<8 =2 8< '<8/=X 12 =2Q562 >,3, /6
!,>52672 F67282>7/<8 59/<8 , 1/:2-5,- < ?DBO '5 <=23K1 28 65Y, 21 >-2<75N, 4 217K
3,75N<=,V Q<67K175>,V :2-, 15 6, 21 >-2<75N, , 217K =213,75N<=, 159/2 1526=,
1/:2-=,7<=, 4 62>2157< 2=/><>5P6 21:2>5<8O

8M9C $>:D7A41A@7 D?47:

v S< 72,-L< =2 8,1 7-21 <6588,1 =2 #26R/885O

'29[6 J,12:M #26R/885 /6 1/:2-=,7<=, :,122 8< >,3;56<>5P6 =2 2823267,1 :-,:5,1 =2


/6 ;/26 151723< =2 7-<7<35267, =2 56Q,-3<>5P6 W?A4>6?G>A=?1 >6>V1@1XV >,6 /6< <87<
,-5956<85=<= 4 :261<35267, =5N2-92672 W=<>14?V?@1@X 4 8< 3,75N<>5P6 1/Q5>52672 :<-<
9<-<675R<- 8< 3<72-5<85R<>5P6 =2 1/ :,726>5<8 W?D26?=1=?JA >A 61 41<>1XO %17<1
>/<85=<=21 12 -2:-21267<6 32=5<672 7-21 <6588,1 4 26 8< >,6Q8/26>5< =2 8,1 7-21
26>,67-<-L<3,1 < 8,1 1/:2-=,7<=,1O

G26526=, 26 >/267< 8, >,3267<=, 26 28 <:<-7<=, <672-5,-V :2-1,6<832672V >,3,


:15>P8,9< >8L65>< 2T:2-7< 26 1/:2-=,7<>5P6V =51>-2:, =2 217< 72,-L<V 4< ./2 8<
1/:2-=,7<>5P6 12 =2Q562 2T>8/15N<32672 26 ;<12 <8 >,>52672 567282>7/<8 ./2 < 326/=, N<
<>,3:<Y<=, =2 <87< >-2<75N5=<=V :2-, 6, 1523:-2V 4 ./2 :/2=2 5- <>,3:<Y<=, =2 <87<
3,75N<>5P6V <89, ./2 26 3/>M,1 ><1,1 6, 21 <1LO

%17< 72,-L<V 3/4 >,6,>5=< 26 6/217-, :<L1V M< 882N<=, < 3/>M,1 ,-5267<=,-21 21>,8<-21
< =21><-7<- >,3, 1/:2-=,7<=,1 < >M5>,1 >,6 ;<U< >-2<75N5=<= , =213,75N<=,1 26 >8<12O

%6 :-532- 8/9<-V 8<1 :-/2;<1 =2 >-2<75N5=<= 8<3267<;8232672 6, 752626 8< 3513<


1,8N26>5< ./2 8<1 =2 567285926>5<I 65 1,6 8, 1/Q5>5267232672 <3:85<1V 65 6,1 =<6 < 8,1
:15>P8,9,1 8< 129/-5=<= =2 217<- 2N<8/<6=, >,--2>7<32672 8< >-2<75N5=<= 9262-<8O _
326,1 26 65Y,1 3/4 :2./2Y,1 26 8,1 ./2 8<1 :-/2;<1 12 85357<6 < 326/=, < =21>-5;5-
/6 =5;/U, , < >,3:827<-8,O &, :,=23,1 =21><-7<- < /6 65Y, >,6 /6 !,>52672 567282>7/<8
1/:2-5,- < ?DB :,-./2 6, M<4< ,;7265=, 8< :/67/<>5P6 21:2-<=< 26 /6< :-/2;< =2
>-2<75N5=<=V 21 58P95>, 4 N< 26 >,67-< =2 8<1 -2>,326=<>5,621 =2 8< H-9<65R<>5P6
$/6=5<8 =2 8< '<8/=O

S, 3513, 26 >/<67, < 8< 3,75N<>5P6O S,1 65Y,1 1/:2-=,7<=,1 M<;57/<832672 217K6 3/4
=213,75N<=,1 26 >8<12V 8, 217K6 :,- 28 :-,:5, 151723< 21>,8<- >,6 >8<121 >/4, >,67265=,

#&
821 <;/--2O E21><-7<- 8< 1/:2-=,7<>5P6 =2 /6 65Y, :,- 6, 217<- 3,75N<=, 21 /6<
;<-;<-5=<= ./2 8<3267<;8232672 12 :-<>75>< < 326/=, <:,4K6=,12 26 8< 72,-L< =2
#26R/885O

v '/:2-=,7<>5P6 2./5N<82 < "87, #26=535267,O

%1 M<;57/<8 ./2 8,1 :-,Q21,-21 <1/3<6 ./2 /6 >M5>, ./2 ,;75262 3/4 ;/26<1 6,7<1
:/2=< 12- 1/:2-=,7<=,V :2-, 26 28 ><1, >,67-<-5, 6,O

"1L >/<6=, 8,1 :<=-21 821 6,75Q5><6 ./2 1/ M5U, 75262 <87< ><:<>5=<=V < 8,1 =,>26721 821
1/282 >,17<- 3/>M, <>2:7<-8,V 4< ./2 12 7-<7< =2 >M5>,1 =213,75N<=,1 4 >/4,
-26=535267, 21 3/4 56Q2-5,- <8 6,-3<8O

$2 M2 26>,67-<=, >,6 1/:2-=,7<=,1 ./2 6, 1,8<32672 6, 217<;<6 >,615=2-<=,1 =2 <87,


-26=535267,V 156, ./2 217<;<6 <1517526=, < >8<121 =2 <:,4, >,6 >M5>,1 >,6 =51><:<>5=<=
3267<8V :,-./2 1/1 :-,Q21,-21 26726=L<6 ./2 1/ ><:<>5=<= 2-< 3/4 85357<=<O _V 156
1,1:2>M<-8, 726L<6 =28<672 < /6 1/:2-=,7<=,V =213,75N<=,V <;/--5=, 4 >,6 /6 ;<U,
-26=535267, 21>,8<-O

v S,1 1/:2-=,7<=,1 6, 752626 :-,;823<1O

H7-, Q<81, 357,O S,1 1/:2-=,7<=,1 62>2157<6 2=/><>5P6 21:2>5<8 4 8< S24 =2 %=/><>5P6
<1L 8, -2>,92O &, 1,8<32672 :/2=26 7262- :-,;823<1 =2 ;<U, -26=535267, 4 Q-<><1,
21>,8<-V 156, ./2 7<3;506 :/2=26 26>,67-<-12 >,6 =5Q5>/87<=21 26 8<1 -28<>5,621 >,6 1/1
>,3:<Y2-,1 :,- Q<87< =2 <=<:7<>5P6 <8 267,-6,O S,1 1/:2-=,7<=,1 1L :/2=26 7262-
:-,;823<1 4 < 326/=, 62>2157<6 <:,4, :<-< =21<--,88<- 7,=, 1/ :,726>5<8O

!,3, -21/326 4 -2>,-=<7,-5, =2 8, N517, 26 2172 ><:L7/8, 4 :<-< =5N/89<- 8<1


><-<>72-L175><1 =2 8,1 1/:2-=,7<=,1V M23,1 >-2<=, S,1 E2>K8,9,1 =2 8< '/:2-=,7<>5P6I

!-. $)&[!-+-. $) !" .0N),$-*"&%'(

!8<N21 :<-< =272>7<- < /6 65Y, 1/:2-=,7<=,

!7: A?B7: :52><@741@7: 1 D>A5@7/

1. ":-26=26 < 822- 3/4 :-,67, 4 752626 9-<6 Q<>585=<= >,6 8,1 6[32-,1O
2. S21 9/17< 217<- >,6 65Y,1 3<4,-21O
3. %17K6 26 1/ 3/6=,V <;17-<L=,1 26 1/1 >,1<1 4 1,6 ;<17<672 =21:517<=,1O
4. ',6 3/4 12615;821O
5. +5261<6 -K:5=,V <:-26=26 -K:5=, 4 752626 3/4 ;/26< 323,-5<O
6. ',6 3/4 2T5926721 >,6 288,1 3513,1 4 >,6 8,1 =23K1O

#'
7. ',6 M5:2-<>75N,1 3267<821 4 752626 3/>M,1 5672-2121 < 8< N2RO
8. ',6 65Y,1 >,6 ;<U< </7,21753<V -27-<L=,1 4A, >,6 :-,;823<1 =2 >,6=/>7< 4 >,6 :,><
-2151726>5< < 8< Q-/17-<>5P6O
9. G526=26 < >/2175,6<- 8<1 6,-3<1 4 8< </7,-5=<=O
10. ',6 53<956<75N,1V :-29/67<6 3/>M, 4 752626 /6 12675=, =28 M/3,- 21:2>5<8O

!7: :52><@741@7: G>A><16D>A4> A7 :7A/

?O &5Y,1 >,6 <87, -26=535267,O +,- 28 >,67-<-5,V 21 Q-2>/2672 28 Q-<><1, 21>,8<-O


CO &5Y,1 3,75N<=,1O '5 6, -2>5;26 2=/><>5P6 21:2>5<8 1/2826 217<- <;/--5=,1 4
=213,75N<=,1O
DO &5Y,1 >,6 G-<17,-6, :,- E0Q5>57 =2 "726>5P6 4 6, 62>2157<6 32=5><>5P6O ',8, 12
<;/--26O
fO &5Y,1 )5:2-<>75N,1 4 6, 62>2157<6 32=5><>5P6O &2>2157<6 M<>2- >,1<1 ./2 821
5672-2126O
mO &5Y,1 >,6 G-<17,-6, &29<75N517< E21<Q5<672O '2 -2;28<6 :,-./2 6<=52 821
>,3:-26=2O
@O &5Y,1 >,6 G-<17,-6, =2 %N57<>5P6O %N57<6 < 8,1 =23K1 :,-./2 821 -2>M<R<6O
kO &5Y,1 26Q2-3,1O S< 1/:2-=,7<>5P6 6, 21 /6< 26Q2-32=<=V 21 /6 -29<8,O
hO &5Y,1 :-,;823K75>,1O '5 =<6 :-,;823<1 21 :,-./2 62>2157<6 <4/=<O
iO &5Y,1 ./2 6, 62>2157<6 6<=<O G52626 &2>215=<=21 %=/><75N< %1:2>5<821 129[6 8<
S24O
?BO &5Y,1 53:,15;821O &2>2157<6 ><-5Y,V <726>5P6 4 <:,4, :<-< 12- Q285>21V >,3, 7,=,1O

"672 8< =/=< 1,85>57<- /6< N<8,-<>5P6 >,6 /6 +15>P8,9, %1:2>5<8517< 26 '/:2-=,7<>5P6O

#(
&1234567 H9 $?:?A=<7A31 )D7=?7A16 7 #7II?AG

!,3, 4< M23,1 >,3267<=,V 28 >,>52672 567282>7/<8 26 8,1 65Y,1 12 =2Q565P >,3, 28
>,>52672 267-2 1/ 2=<= 3267<8 4 1/ 2=<= >-,6,8P95><O

'5 $<->,1 21 /6 65Y, =2 15272 <Y,1 W2=<= >-,6,8P95><X 4 75262 /6 >,>52672 567282>7/<8 =2
?DBV 7<3;506 75262V <:<-267232672V 129[6 1/ ><:<>5=<= =2 -<R,6<35267,V /6< 2=<=
3267<8 =2 6/2N2 <Y,1O E,1 <Y,1 :,- 26>53< =2 8,1 65Y,1 =2 1/ 2=<=V 4 7<3;506 :,-
26>53< =2 1/ :-,:5, =21<--,88, QL15>, 4 23,>5,6<8O '5 7/N5212 /6 >,>52672 567282>7/<8 =2
?mBV 1/ 2=<= 3267<8 12-L< =2 3K1 =2 ?B <Y,1O

%17, ./52-2 =2>5- ./2 $<->,1 -<R,6<V <:-26=2 4 M<;8< >,3, /6 65Y, =2 6/2N2 <Y,1V
:2-, 156 23;<-9, 1/ 2T:2-526>5< 21 =2 1,8, 15272O

"89/6,1 2T:2-7,1 M<6 567-,=/>5=, 28 >,6>2:7, =2 =5156>-,6L< 23,>5,6<8 :<-< 2T:85><-


217< =5Q2-26>5< 267-2 8< 2=<= 3267<8 <:<-2672 4 8< 2=<= >-,6,8P95>< =2 8,1 65Y,1 =2 <87<
><:<>5=<=O +2-, 217, 6, ./52-2 =2>5- ./2 8,1 65Y,1 1/:2-=,7<=,1 7269<6 /6< 3<8<
156>-,65R<>5P6 >,6159, 3513,1V 26 <;1,8/7,V 217K6 3<8 156>-,65R<=,1 >,6 1/ 267,-6,I
>,6 8,1 65Y,1 =2 1/ 2=<= 4 >,6 8,1 <=/87,1 ./2 821 7-<7<6 >,3, < 65Y,1 3K1 :2./2Y,1
>/<6=, 1/ ><:<>5=<= =2 >,3:-2615P6 21 3/4 1/:2-5,-O '2 7-<7< =2 /6 :-,;823< =28
267,-6, ./2 6, 217K < 1/ <87/-< 4 821 1,3272 < 72615,621 :<-< 8<1 ./2 6, 217K6
:-2:<-<=,1 < 1/ 2=<=O

%6 212 12675=, /6 65Y, =2 k <Y,1 :/2=2 -<R,6<- >,6 8,1 <=/87,1 >,6 /6< 3<=/-2R
53:-,:5< =2 1/ 2=<=V <-9/3267<-V =51>/75- 4 -2;<75- P-=2621 >,6 /6< :-2>515P6 ./2 8829<
< 1<><- =2 ./5>5, < :<=-21 4 :-,Q21,-21V ./2 <8 N2-12 <672 /6 >2-2;-, 3K1 3<=/-,
7526=26 < -2<>>5,6<- 26 >,612>/26>5<O

_ 156 23;<-9,V 26 2T:2-526>5<V 26 a3<85>5<eV 1,8, 752626 8< 2=<= ./2 M<6 N5N5=,O E2 217<
3<62-< 28 65Y, :/2=2 6, 8829<- < 26726=2- /6< -2<>>5P6 =21:-,:,->5,6<=< =2 1/1
:<=-21 , :-,Q21,-21 <672 8,1 -27,1 ./2 821 :-21267<6O

+,- 6<7/-<82R< 726=23,1 < -28<>5,6<-6,1 >,6 6/217-,1 59/<821V 4 :,- 217< -<RP6
>,3:-,;<3,1 >P3, M<;57/<832672 8,1 65Y,1 1/:2-=,7<=,1 ;/1><6 <359,1 =2 3<4,-
2=<= >,6 8,1 ./2 U/9<-V , 3/>M, 3K1 :2./2Y,1 < 8,1 ./2 <82>>5,6<-O !,6 8,1 3<4,-21 12
267526=26 32U,- < 65N28 567282>7/<8V >,6 8,1 3K1 :2./2Y,1 12 1526726 3K1 7-<6./58,1V
326,1 :-215,6<=,1 4 752626 8< ,:,-7/65=<= =2 2612Y<-821O

#)
'56 23;<-9,V 1/1 <359,1 =2 3<4,- 2=<= 752626 3/>M< 3K1 2T:2-526>5< 4 /6 =21<--,88,
QL15>, 6,-3<8 :<-< 1/ 2=<= 4 26>/267-<6 26 28 a:2./2YL6e < /6 56,>2672 <8 ./2 :/2=26
/7585R<-V 3<65:/8<- 4 =28 ./2 :/2=26V 56>8/1,V 8829<- < ;/-8<-12 >,6 Q<>585=<=O '/
567285926>5< 6, 821 85;-< =2 8,1 :2-><6>21 8P95>,1O

!,6 8,1 65Y,1 =2 1/ 2=<= 12 <;/--26 M<;57/<832672O G52626 5672-2121 3/4 =5Q2-26721 <
8,1 1/4,1 W=5Q2-26>5< =2 2=<= 3267<8XO $5267-<1 8,1 >M5>,1 =2 k <Y,1 12 >267-<6 26
=2:,-721 4 U/29,1 =2 >,3:275>5P6V >,6 =,1 <Y,1 3K1 :/2=26 7262- 3K1 =21<--,88<=< 8<
<Q5>5P6 :,- 8< 82>7/-<V :,- U/29,1 3K1 7-<6./58,1V 326,1 >,3:27575N,1 4 1/1 5672-2121
72-356<6 >M,><6=,O '/1 9/17,1 1,6 =5Q2-26721I =5Q2-26721 :-,9-<3<1 =2 7282N515P6V
=5Q2-26721 3,=28,1 267-2 8,1 Q<3,1,1 4 :-2Q52-26 N5=2,U/29,1 4 85;-,1 =5Q2-26721O S,1
65Y,1 7526=26 < >,3:<-75- 1/1 9/17,1 4 <Q5>5,621 >,6 1/1 >,3:<Y2-,1V :2-, 8,1 65Y,1 =2
<87< ><:<>5=<= 12 26>/267-<6 >,6 /6< 9-<6 ;<--2-< :,-./2 8,1 =2 1/ 2=<= 6, 821
>,3:-26=26V 4 :,-./2V 26 =2Q56575N<V 1,6 =5Q2-26721O

%17< 21 /6< =2 8<1 -<R,621 :,- 8<1 ./2 12 1526726 -2>M<R<=,1V 7<67, :,- 8,1 3<4,-21
>,3, :,- 8,1 =2 1/ 2=<= 4 72-356<6 ./2=K6=,12 1,8,1 26 28 :<75,V 82426=, /6 85;-, 26
/6 -56>P6 , 35-<6=, < 8,1 =23K1 35267-<1 U/29<6 <8 Q[7;,8O " 08 , 6, 82 =2U<6 U/9<-
W<89, 3/4 M<;57/<8X , 08 3513, 7,3< 8< 565>5<75N< 4 =2>5=2 ./2 28 Q[7;,8 6, 21 =2 1/
<9-<=,O

',6 =5Q2-26721O p_ ./0 M<>23,1 >,6 8,1 =5Q2-26721 26 6/217-< 1,>52=<=q H 12 <=<:7<6
3/4 :-,67, , 6, 821 M<>23,1 8< N5=< 6<=< QK>58O

_ 8< =5Q2-26>5< ,-5956< -2>M<R,I

v a),4 23:2>0 < 5- < >8<12 =2 569801 4 /6 65Y, 32 :29P 4 32 561/87Pe 32 =5>2 ',65< =2 @
<Y,1O

v ap+,- ./0qeV 82 :-29/67,

v a+,-./2 8< 3<217-< M5R, =,1 >,6>/-1,1 4 9<60 8,1 =,1e


v a_<V :/21 4< 1<;21V </6./2 :/2=<1 9<6<- 1523:-2V 6, 8, M<9<1O E2U< ./2 8,1 ,7-,1
65Y,1 7<3;506 :/2=<6 9<6<-Oe

"8 321OOO

v a\/0 7<8 >,6 <./28 65Y,q '2 M< N/287, < 3272- >,6759,qe
v a&,V 4< 6,V <M,-< 1,3,1 3K1 <359,1e

$*
v ap_< 6, 9<6<1 7[ 1523:-2qe
v a&,V 82 =2U, 9<6<-V <1L 21 3K1 <359, 3L,e

%8 -2>M<R, 1523:-2 217K :-212672 15 6, 12 821 <4/=<O '/1 >,3:<Y2-,1 6,7<6 21<1
=5Q2-26>5<1V 1/75832672V 4 8,1 275./27<6 QK>5832672O n-,3<1V ;/-8<1V -2>M<R,OOO 21 <89,
>,6 8, ./2 3/>M,1 65Y,1 1/:2-=,7<=,1 752626 ./2 26Q-267<-12 7,=,1 8,1 =L<1 26 8<
21>/28< 4V 8<3267<;8232672V =/-<672 28 -217, =2 1/ N5=< 15 6, <:-26=26 < 3<62U<- 1/
=5Q2-26>5<V 15 6, 12 21Q/2-R<6 26 56729-<-12 </6 >/<6=, 6, 821 5672-2126 8<1 3513<1
>,1<1 ./2 < 8,1 =23K1O

F3<95623,1 /6 5-8<6=01V M<>2 =,1>5267,1 <Y,1V 26 /6 :/2;8, -23,7, =2 F-8<6=< 26 28


>/<8 6/6>< M<6 ,L=, M<;8<- =2 ,7-,1 :/2;8,1 >,6 ,7-,1 5=5,3<1O %8 5-8<6=01
5621:2-<=<32672 21 ><:7/-<=, :,- /6< 6<N2 21:<>5<8 4 156 2T:85><>5P6 <89/6< 82 =2U< 26
/6 :/2;8, -23,7, =2 6/217-, :<L1 26 28 >/<8 7<3:,>, M<6 N517, 6/6>< < 6<=52V 65 M<6
,L=, M<;8<- =2 6<=52V ./2 6, M<;82 6/217-, 5=5,3<O %8 5-8<6=01 567267< >,3/65><-12 >,6
8,1 8/9<-2Y,1 26 1/ 5=5,3<V :2-, 288,1 6, 82 267526=26O S2 21>/>M<6 >,6 >/-5,15=<= 4
N26 ./2 M<;8< 3/4 -<-,O G26=-K 3/>M<1 :-,;<;585=<=21 =2 1/Q-5- -2>M<R, 2 56>8/1, =2
12- <7<><=,V 1,8, :,- 28 M2>M, =2 12- =5Q2-2672O &, 12 7-<7< =2 Q<87< =2 M/3<65=<=V 21
<89, :-,:5, =2 8,1 9-/:,1 1,>5<821V 7<67, 267-2 8,1 <653<821 >,3, 267-2 8,1 12-21
M/3<6,1O G,=,1 62>2157<3,1 12675- ./2 Q,-3<3,1 :<-72 =28 9-/:,V <:,4<- < 8,1 ./2
1,6 >,3, 6,1,7-,1 4 =21>,6Q5<- 2 56>8/1, <7<><- < 8,1 ./2 1,6 =5Q2-26721O '5 21<
=5Q2-26>5< 21 567282>7/<8V ./5RK1 6, 12< 7<6 2N5=2672V :2-, 12 6,7<V 21 562N57<;82O

"89, 15358<- 82 ,>/--2 26 1/ 267,-6, < 3/>M,1 1/:2-=,7<=,1O F67267<6 >,3/65><-12 >,6
1/1 >,3:<Y2-,1 =2 >,8295,V =2 561757/7, :2-, 821 -21/87< 3/4 >,3:85><=, :,-./2 6, 821
267526=26O '/ =21<--,88, N2-;<8 21 3/>M, 3K1 <N<6R<=, ./2 28 =2 1/1 >,829<1V 28 >/<8 N<
26 8L62< >,6 1/ 2=<= 3267<8 4 :,- 8, 7<67, N<-5,1 <Y,1 :,- =28<672 =28 =2 1/1
>,3:<Y2-,1O '5 <=23K1 21 /6 ;/26 82>7,-V <89, 3/4 M<;57/<8V :/2=2 7262- 3/>M,1 3K1
>,6,>535267,1 <=./5-5=,1 ./2 28 -217, 4 28 153:82 =5K8,9, -21/87< 3/4 >,3:82U,O

'/ N,><;/8<-5, 21 =5Q2-2672V 1/1 5672-2121 1,6 =5Q2-26721 4 </6./2 M<;8<6 28 3513,
5=5,3< < 8,1 =23K1 821 >/217< 26726=2-821O _ 288,1 7<3:,>, 267526=26 :,- ./0 8,1
=23K1 1,6 7<6 8267,1V :,- ./0 821 >/217< 7<67, >,3:-26=2- >,1<1 ./2 :<-< 288,1 1,6
2N5=26721 4 :,- ./0 6, 821 9/17<6 8<1 3513<1 >,1<1 ./2 < 288,1O

!/<6=, 4, 726L< <:26<1 ,>M, <Y,1 M<;L< 82L=, /6 3,67P6 =2 85;-,1 =2 J/85, ]2-62 < 8,1
./2 726L< <>>21, < 7-<N01 =2 8< ;5;85,72>< 3/65>5:<8 4 821 M<;8<;< < 351 <359<1 4 <359,1
=28 N5<U2 < 8< 8/6<V =2 8,1 1/;3<-56,1 4 =2 8,1 26752--,1 26 !M56<V 267-2 ,7-<1 >,1<1O '/1
2T:-215,621 2-<6 =2 <1,3;-,V 0,(W !+'&' 89' $&$&' )"!# #'%& -"N&J ,V 26 ,><15,621V

$!
=5-2>7<32672 =2 ;/-8<O "1L <:-26=L < 6, M<;8<- 1,;-2 351 9/17,1V 351 82>7/-<1V 65
:-K>75><32672 1,;-2 6<=< ./2 6, Q/212 28 =L< < =L< >,6 8<1 65Y<1 =2 35 2=<=O

%6 ,><15,621 8<1 ;-,3<1 4 ;/-8<1 72-356<6 1526=, 9,8:21 4 =2-5N<6 26 <>,1, 21>,8<-O

a$<-9<-57< =2 Cm <Y,1I !/<6=, 726L< =52R <Y,1 26 28 >,8295, 7/N2 ./2 882N<- /6 >,88<-L6V
:,-./0 32 :29<-,6 267-2 7,=<1eO

J2<6 !MO G2--<152- =217<>< ./2 2T51726 =5Q2-26721 75:,1 =2 =5156>-,6L< 26 8,1 65Y,1
1/:2-=,7<=,1O "1L =2Q562 8< =5156>-,6L< 1,>5<8 >,3, 8< :-,=/>5=< :,- 8< =5Q2-26>5< 267-2
1/ 2=<= 3267<8 4 8< =2 8,1 65Y,1 =2 1/ 2=<=V >,6 8,1 ./2 >,3:<-72 >8<12 26 >,6=5>5,621
6,-3<821O 0<- #-%+$-+ #'!+2&$ 8#)"+!$# %"#-)# & )#'&$$+22&$ 2& )"'"-!$+-@& "-%#$-&
)#2 -"N+ '(*#$)+%&)+A -+ *#$8"%"W-)+2# &),("'"!"+-#' #- 2& 8#)")& )# '('
*+'"."2")&)#'J O

_ 7<3;506 =217<>< 8< =5156>-,6L< F67285926>5< v "Q2>75N5=<= >,3, 8< 2T5172672 267-2 28
=21<--,88, 567282>7/<8 =28 65Y, 4 1/ =21<--,88, 23,>5,6<8 4 <Q2>75N, 0(-& "-%#2"7#-!"&
.$"22&-%# *(#)# 22#=&$ &2 -"N+ & !+8*+$%&8"#-%+' ,(# #'!+-)&- '( "-8&)($#>4 K"-
#8.&$7+ #2 -"N+ -+ 2+ *(#)# #'!+-)#$ %+%&28#-%# : #E"'%#- !+8*+$%&8"#-%+' '#!$#%+'A
!+8+ !(&-)+ #2 -"N+ =& & 2& !&8& *+$ 2& -+!/#A ,(# $#'&2%&- '( =#$)&)#$+ -"=#2 )#
8&)($#> &;#!%"=&J

c6 <-7L>/8, :/;85><=, *+$ 2& 1'+!"&!"6- f&2#-!"&-& )# 1*+:+ &2 K(*#$)+%&)+ :


c&2#-%+'+ 8, =21>-5;2 =2 Q,-3< >8<-<I

0G52626 /6< 2=<= >-,6,8P95><V :2-, 8< 3267<8 217K 3/4 :,- 26>53< =2 8, ./2 3<->< 1/
E&FO &, 752626 8,1 3513,1 5672-2121 ./2 1/1 >,3:<Y2-,1 =2 :/:57-2 4 12 3/2-26 =2
<;/--535267, 15 8,1 :,621 < >,:5<- =2 /6< :5R<--<O H;859<-8,1 < 129/5- 21<1 :</7<1
:/2=26 =2123;,><- 26 /6< M5:2-<>75N5=<=V 26Q2-32=<=21 :15>,1,3K75><1V ;/8535< ,
<6,-2T5<J4

%6 /6 2:51,=5, =2 /6< 12-52 =2 =5;/U,1 <653<=,1V /6< 65Y< =2 <:26<1 =,1 <Y,1 217K 26
8< 9/<-=2-L< 4 35267-<1 1/1 >,3:<Y2-,1 1,6 56><:<>21 =2 :,62- /6 >/;, 26>53< =28
,7-,V 288< >,617-/42 Q<67K175>,1 ><17588,1O %8 :-,Q21,- 151723K75><32672 8,1 =217-/42
M<>506=,82 1/Q-5-O G<67, 21 <1LV ./2 >/<6=, 21 3<4,- -2>/2-=< 8< 7,-7/-< =28 :-,Q21,-
>,6 1/1 ><17588,1V 82 1,3272 < U/5>5, 4 82 :-29/67< :,- ./0 8,1 =217-/L<V :,- ./0 82 M<>L<
1/Q-5-V 4 28 :-,Q21,- 82 -21:,6=2 3K1 , 326,1 8, 159/52672I a>/<6=, /6< M52-;<
1,;-21<82 1,;-2 8<1 =23K1 26 28 ><3:, 6, 12 8< :-235<V 12 8< >,-7< <8 -<1 =2 8<1 ,7-<1e

G<3;506 21 Q<3,1, 28 :-,N2-;5, <15K75>, 26 8< 3513< 8L62< a%8 >8<N, ./2 1,;-21<82 12
882N< 7,=,1 8,1 9,8:21e

$"
a!<15 7,=, 8, ./2 M<>2 ./2 /6 56=5N5=/, =217<./2 >,3, =517567, =2 /6< / ,7-< 6,-3<
:/2=2 56N,><-12V , 153:8232672 1/1>57<-12 56>,61>5267232672V >,3, 3,75N, =2
:-2U/5>5, 4 <N2-15P6V =2 M,17585=<= 4 =51>-5356<>5P6e "O !O g-<8569 Q58P1,Q, W %8 +,=2- =2
8<1 5=2<1O "-528 X

S</-52 '<67,1 -2<85RP /6< 12-52 =2 569265,1,1 2T:2-53267,1 >,6 3<><>,1 #M21/1 4
=23,17-P ./2 8,1 3,6,1 7526=26 < 7-<7<- < 8,1 56=5N5=/,1 =2 Q/2-< =2 1/ 9-/:, >,6 8<
3513< =21>,6Q5<6R< >,6 8< ./2 8, 12-21 M/3<6,1 7-<7<3,1 < 8,1 Q,-<172-,1V 8, ./2
=23/217-< ./2 28 -2>M<R, < 8,1 =5Q2-26721 :/2=2 7262- /6 ,-5926 2N,8/75N,O

ac6, =2 8,1 <1:2>7,1 3K1 :-2,>/:<6721 =2 8< 6<7/-<82R< M/3<6< 21 8< 726=26>5< <
2N<8/<- < 8<1 :2-1,6<1 =2 3<62-< =5Q2-2672V =2:26=526=, =2 15 21 , 6, 3523;-, =2
6/217-, 9-/:,eO '29[6 '<67,1 217,1 1219,1 12 M<6 Q,-3<=, =/-<672 Cm 3588,621 =2 <Y,1
=2 2N,8/>5P6O

x,6-<= S,-26R W?i@@XV 27P8,9,V 567-,=/U, 28 <>,1, 9-/:<8 , 3,;;569 >,3,


2T7-<:,8<>5P6 =2 1/1 ,;12-N<>5,621 26 =5Q2-26721 21:2>521 =2 <653<821 26 85;2-7<=O %8
3,;;569 21 26 2172 ><1, 28 <7<./2 =2 /6 9-/:, =2 3523;-,1 =2 /6< 21:2>52 >,67-< ,7-,
3523;-, 3K1 Q/2-72 , 3K1 ;-588<672O

%6 ?ikC /6 30=5>, 1/2>, =2 6,3;-2 +272- +</8 )25623<66 /7585RP 28 3513, 70-356,
:<-< =21>-5;5- 8<1 >,6=/>7<1 =217-/>75N<1 ./2 :-21267<;<6 <89/6,1 9-/:,1 =2 65Y,1
Q/2-< =2 8<1 M,-<1 =2 >8<12 >,67-< ,7-, 65Y, 1,8,O

">7/<832672 12 =2Q562 3,;;569 , <>,1, >,3, 8< 157/<>5P6 9-/:<8 26 8< ./2 /6 1/U27, 21
1,3275=, < <9-<N5,V :-215P6 :15>,8P95>< , 596,-<6>5< :,- /6, , N<-5,1 3523;-,1 =28
9-/:, <8 ./2 :2-7262>2V >,6 28 <:,4, , 28 >,61267535267, =28 -217, =28 9-/:,O

'M/172- W?ii@X =2Q562 28 <>,1, 1,>5<8 >,3, a12- ,;U27, =2 <9-215P6 :,- 8,1 3523;-,1 =28
:-,:5, 9-/:, 1,>5<8e 4 =517569/2 N<-5<1 157/<>5,621V <./288< 26 8< ./2 28 56=5N5=/, 21
<7<><=, 4 :2-129/5=, :,- 28 9-/:,V <./288< 26 8< 6, 21 :2-129/5=, :2-, 1L 21 2T>8/5=,V
6, :2-357506=,82 :<-75>5:<- 26 8<1 <>75N5=<=21 9-/:<821V ,V :,- [8753,V >/<6=, 21
126>588<32672 596,-<=,V >/<6=, 12 82 7-<7< >,3, 15 6, 2T5175212O '29[6 'M/172- 017< 21
/6< =2 8<1 157/<>5,621 3K1 =2N<17<=,-<1 ./2 :/2=2 1/Q-5- /6 12- M/3<6,O

S243<6V 'M/172- 4 "=<31V >,56>5=26 26 =21>-5;5- N<-5<1 ><-<>72-L175><1 >,3/621 :<-<


8,1 56=5N5=/,1 26 -5219, =2 1/Q-5- <>,1, 1,>5<8I

?X "./288,1 ./2 1,6 =5Q2-26721I 26 <1:2>7,V >,6=/>7<V N<8,-21 , <>757/=21 -21:2>7,


<8 9-/:, 9262-<8O

$#
CX "./288,1 ./2 >/2175,6<6 8,1 N<8,-21V 8,1 1L3;,8,1 4 8<1 ><-<>72-L175><1 =28 9-/:,O

S,1 65Y,1 1/:2-=,7<=,1 1,6 =5Q2-26721 M<;57/<832672 26 >,6=/>7<V N<8,-21 2 5672-2121


-21:2>7, < 8,1 65Y,1 =2 1/ 2=<=V :,- 8, 7<67, 12 26>/267-<6 267-2 8<1 :2-1,6<1 26 -5219,
=2 1/Q-5- <>,1, 1,>5<8 :,- 1/1 >,3:<Y2-,1V >,6 8< =21N267<U< =2 ./2 <8 ,>/--5- 26 2=<=21
7<6 723:-<6<1 8< ><:<>5=<= =2 -2<>>5P6 =2 8,1 65Y,1 21 3/4 85357<=<O &, >,3:-26=26
./0 ,>/--2V :2-, 1/Q-26 1/1 >,612>/26>5<1O

!,6 8,1 >-572-5,1 <672-5,-21 :,=-L<6 2698,;<-12 < 8<1 :2-1,6<1 1/1>2:75;821 =2 1/Q-5-
-5219, =2 <>,1, 1,>5<8 26 7-21 9-<6=21 9-/:,1I

+ S,1 3K1 ;-588<6721V 8,1 3K1 567285926721 4A, <7-<>75N,1 :,-./2 :/2=26 12-
>,615=2-<=,1 -5N<821 :,- 28 8L=2- 6<7/-<8 =28 9-/:, 4 :,- 8, 7<67, /6 262359, <
;<75-O

+ S,1 3K1 =0;5821V >,6 <89[6 =2Q2>7, QL15>, , =2 <1:2>7,V , 153:8232672 :2-1,6<1
./2 =<6 8< 53:-215P6 =2 12- 56,Q2615N,1 2 56=2Q261,1O

+ S,1 ./2 12 26Q-26<6 < 8<1 -298<1 217<;82>5=<1V ./2 7-<7<6 =2 53:,62- 1/ :-,:5,
>-572-5, 4 ><3;5<- 8,1 N<8,-21 =28 9-/:,O

S<1 >,612>/26>5<1 =28 3,;;569V 3/4 ;526 217/=5<=<1 4< 26 28 K3;57, :-,Q215,6<8V 1,6
=2 =,1 75:,1 :-56>5:<832672V 8< =2:-215N< 4 8< =2 217-01v<6152=<=O

S<1 NL>753<1 =28 3,;;569 ./2 =2-5N<6 26 =2:-215P6 Q-2>/267232672 7526=26 < 8<
2N57<>5P6V <8 <518<35267, 4 <8 1267535267, =2 56Q2-5,-5=<=O S< 157/<>5P6 =2 217-01v
<6152=<= :/2=2 =2-5N<- 26 ><-<>72-L175><1 >,3/621 < 8<1 =28 7-<17,-6, =2 217-01
:,17-</3K75>,V >,6 567-/15,621 ,;1215N<1V :-,;823<1 :<-< =,-35-V 5--57<>5P6 4
>,6=/>7<1 =2 2N57<>5P6O %6 <89/6,1 ><1,1 =2 3,;;569 >,6 <=,821>26721 12 :/2=26 8829<-
<8 1/5>5=5,V ./2 :/2=2 26726=2-12 >,3, /6 [8753, 567267, =2 -2;28=L< , >,3, /6<
<>/1<>5P6 Q56<8 >,67-< 1/1 <>,1<=,-21O

"89/6<1 NL>753<1 =2 3,;;569 3/217-<6 <9-215P6 26 8/9<- =2 =2:-215P6O "1L 28 -2>M<R, 4


1/ -21:/217< <9-215N< =<6 8/9<- < >/<=-,1 =2 =21<--,88, 629<75N,1 ./2 23:2,-<6 >,6 28
7523:,O

$$
$/>M,1 1/:2-=,7<=,1 >-226 ./2 8<1 157/<>5,621 =2 <>,1, ./2 M<6 N5N5=, =/-<672 1/
56Q<6>5< 726L<6 ./2 N2- >,6 1/ <1:2>7, QL15>,I 8<1 9<Q<1V 28 2T>21, =2 :21,OOO :2-, 28
3,75N, -2<8 2-< 1/ <87< ><:<>5=<=V ./2 2-<6 =5Q2-26721I 3K1 ;-588<6721V < 326/=,
N/862-<;821 7<3;506 4V :,- 8, 7<67,V NL>753<1 :-,:5>5<7,-5<1 =2 8,1 ./2 12 :/2=26 12675-
<7<><=,1 :,- 1/ 567285926>5<O

%8 -2>M<R, 21 21:2>5<832672 =,8,-,1, 23,>5,6<832672 :,-./2 >,3, 12-21 M/3<6,1


62>2157<3,1 12675-6,1 <>2:7<=,1 :,- 28 9-/:,O '29[6 ";-<M<3 $<18,sV 8< 62>215=<= =2
<Q2>7, 4 :2-72626>5< 21 /6< 62>215=<= M/3<6< Q/6=<3267<8V 1,8, 1/:2-<=< :,- 6/217-<
62>215=<= =2 129/-5=<= 4 =2 >/;-5- 6/217-<1 62>215=<=21 Q515,8P95><1O "8 3513, 7523:,
21 8< ;<12 =2 6/217-< </7,21753< 4< ./2 12- 3523;-, =2 /6 9-/:, >,6Q59/-< 6/217-<
5=2675=<= 1,>5<8 ./2 21 /6 >,3:,62672 >8<N2 =2 8< </7,21753<O

'2 M<6 =21>-57, M<17< ,>M, 3,=<85=<=21 =2 <>,1, 26 28 267,-6, 21>,8<-I WFY<t5 +5Y/28 X
WDX

v n8,./2, 1,>5<8I >,3, 8<1 :-,M5;5>5,621 :<-< U/9<- 26 9-/:,V =2 M<;8<- , >,3/65><-12
>,6 ,7-,1 , =2 :/-, <518<35267,O

v ),1759<35267,I 267-2 8<1 ./2 12 56>8/426 =21:-2>5,V Q<87< =2 -21:27,V ;/-8<1V 3,721V
>-/28=<=V 27>O

v $<65:/8<>5P6I 26 8<1 ./2 12 7-<7< =2 :,62- < 7,=, 28 9-/:, 26 >,67-< =2 8< NL>753< =28
<>,1,V =517,-15,6<6=, 8< 53<926 =28 65Y, 4 26N2626<6=, 28 <3;52672 >,67-< 08O

v !,<>>5,621I >,3, <./288<1 >,6=/>7<1 ./2 :-2726=26 ,;859<- < 8< NL>753< =2 <>,1, <
-2<85R<- <>>5,621 26 >,67-< =2 1/ N,8/67<=O

v %T>8/15P6 1,>5<8I 6, =2UK6=,82 :<-75>5:<- 26 8<1 <>75N5=<=21 =28 9-/:,V a7[ 6, U/29<1eV
6569/62<-8,V 7-<7<-8, >,3, 15 6, 2T5175212 4 :-,N,><6=, 28 N<>L, < 1/ <8-2=2=,-O

v F67535=<>5P6I ./2 -2>,92 8<1 >,6=/>7<1 ./2 :2-159/26 <1/17<- <8 65Y,V :-,N,><-82
352=, 32=5<672 <326<R<1O

v "9-215,621 4 <326<R<1 < 8< 56729-5=<= QL15>< =28 65Y, , =2 1/ Q<3585<O

$%
G,=<1 217<1 >,6=/>7<1 ;/1><6 28 <518<35267, 1,>5<8 4 8< 3<-956<>5P6 =2 8<1 NL>753<1 =28
<>,1,O

'29[6 6/217-< 2T:2-526>5< :-,Q215,6<8V =27-K1 =2 8,1 :-,;823<1 :15>,8P95>,1 =2 8,1


1/:2-=,7<=,1V 65Y,1 4 <=/87,1V 6,1 1,823,1 26>,67-<- >,6 ><1,1 =2 3,;;569V 3K1 ,
326,1 =2>8<-<=,1V ./2 <Q2>7<6 < 1/ </7,21753< 4 >/4<1 >,612>/26>5<1 23,>5,6<821 12
3<6752626 =/-<672 7,=< 8< N5=<O

+,- 217< -<RP6 6,1 -2151753,1 < M<;8<- =2 /6 1L6=-,32 =28 1/:2-=,7<=,V < M<;8<- =2
=5156>-,6L< >,3, 15 Q/212 /6 :-,;823< 567-L612>, < 12- 1/:2-=,7<=,O %8 :-,;823< 6, 21
=2 8,1 1/:2-=,7<=,1V 21 =28 267,-6,O '5 >/5=<3,1 28 267,-6, 4 2N57<3,1 28 <>,1, 1,>5<8
157/<6=, < 8,1 65Y,1 =2 <87< ><:<>5=<= >,6 ,7-,1 =2 1/ 3513< 2=<= 3267<8 217<-23,1
2N57<6=, 8< 3<4,- :<-72 =2 8,1 :-,;823<1 :15>,8P95>,1 ./2 :,=-L<6 7262- 26 28 Q/7/-,
>,3, >,612>/26>5< =2 1/ <87< ><:<>5=<=O

S,1 65Y,1 1/:2-=,7<=,1 1,6 =5Q2-26721V 8, 6,7<6V 8,1 =23K1 12 8, M<>26 6,7<-V 4 6,
1<;26 :,- ./0V < 326,1 ./2 21706 =5<96,175><=,1 4 M<4<6 -2>5;5=, /6< ,-5267<>5P6
:15>,8P95>< <=2>/<=<O

p_ ./0 ,>/--2 >/<6=, 72 1526721 =5Q2-2672V 8,1 =23K1 72 12Y<8<6 =5-2>7< ,


53:8L>57<32672 >,3, =5Q2-2672V 72 <:<-7<6 =28 9-/:, , 72 -2>M<R<6 26 8,1 U/29,1 =2
9-/:,q +26123,1 26 >P3, 6,1 12675-L<3,1 >,3, <=/87,1 15 26 6/217-< ,Q5>56<V 26
6/217-, <3;52672 =2 7-<;<U,V 12 6,1 35-<12 >,3, =5Q2-26721V 12 M5>52-< 28 15826>5,
>/<6=, 8829K-<3,1 < 8< 3K./56< =2 ><Q0 , 15 6, 6,1 56N57<126 < 21< >282;-<>5P6 =2
>/3:82<Y,1 26 8< ./2 N< < :<-75>5:<- 7,=< 8< ,Q5>56<O

!,3, <=/87,1 :,=-L<3,1 -<R,6<- >/K8 21 28 3,75N,O $2 752626 26N5=5<V 12 M<6 26Q<=<=,
:,-./2 28 U2Q2 32 M< <1>26=5=, < 3LV 7269, 3<8 ><-K>72-V 27>O +,=-L<3,1 -<R,6<- 2
567267<- 26726=2- 8, ./2 ,>/--2 2 56>8/1, <>2:7<-8,V 8, ./2 6, 53:2=5-L< ./2 6,1
156750123,1 3<8V :,-./2 7,=,1 62>2157<3,1 12675-6,1 <>2:7<=,1 26 6/217-, 267,-6,O

c6 1/:2-=,7<=, =2 Cm <Y,1 32 =2>L< ./2 :<1< =2 7,=, 28 3/6=,V ./2 6, 1,:,-7< < 1/1
<359,1O &, 267526=2 ./0 ,>/--2V :,- ./0 < :21<- =2 ./2 08 <4/=< < 7,=, 28 3/6=,V 12
152672 3/4 =2>2:>5,6<=, :,- >P3, 82 7-<7<6 < 08O $2 =2>L< ./2 =212<;< 5-12 < /6< 518<
=2152-7< :,-./2 12 152672 3/4 56Q285R 4 4< 6, 1<;2 ./0 M<>2-O

+2-, 7<3:,>, 6,1 :,=23,1 5- < N5N5- < /6< 518< =2152-7<O &2>2157<3,1 >,6N5N5- >,6 28
-217, =28 3/6=,V 3K1 , 326,1 567285926721V <:-2>5<- 4 N<8,-<- 8<1 >/<85=<=21 =2 8,1
=23K1 4 12675-6,1 N<8,-<=,1 4 ./2-5=,1O

$&
c6 65Y, ./2 75262 :-,;823<1 :<-< -28<>5,6<-12 >,6 1/1 >,3:<Y2-,1 4 6, 267526=2 :,-
./0V 12 12675-K 3/4 3<8V >,3, a28 +<757, Z2,e =28 Q<3,1, >/267, :,:/8<-O S,1 =23K1 82
-2>M<R<6V 12 ;/-8<6 =2 08 4 08 6, 26726=2-K 8< -<RP6V :2-, 23:2R<-K < :261<- ./2 28
:-,;823< 21 1/4, 4 <1/35-K ./2 21 =2;5=, < <89[6 =2Q2>7, =2 :2-1,6<85=<=V QL15>, ,
Q<3585<-O

)2 21>/>M<=, 2T:85><>5,621 =5N2-1<1 < 2172 -2>M<R, ./2 32 =<6 8,1 :-,:5,1
1/:2-=,7<=,1 <=/87,1I

J21[1 r a%17<;< 3/4 9,-=57,e r 'LV :2-, 6, 7,=,1 8,1 65Y,1 ./2 217K6 9,-=57,1 26 28
>,8295, 12 1526726 <7<><=,1V 9,8:2<=,1 2 561/87<=,1 < =5<-5, :,- 1/1 >,3:<Y2-,1O %8 1L 8,
N5N5PO

J/85, r a$51 :<=-21 12 882N<;<6 3<8e r 'LV :2-, 12- M5U, =2 :<=-21 12:<-<=,1 6, :-,N,><
26 8,1 =23K1 212 75:, =2 -2<>>5,621O

G,=,1 M<6 ;/1><=, 1/ :-,:5< 2T:85><>5P6 4 821 M<>L< 12675-12 3/4 3<8 >,6159, 3513,1O

+,- 21, >,615=2-<3,1 Q/6=<3267<8 ./2 7,=,1 8,1 65Y,1 1/:2-=,7<=,1 7269<6 8<
,:,-7/65=<= =2 12- 5=2675Q5><=,1 2 56Q,-3<=,1V 4 1/1 :<=-21 4 :-,Q21,-21 Q,-3<=,1 :<-<
26726=2- ./0 ,>/--2 26 1/1 ><;2>57<1V ./2 1/1 >,3:<Y2-,1 267526=<6 :,- ./0 1,6 /6
:,>, =5Q2-26721 4 <:-26=<6 < <>2:7<-8,1 32U,-V , ./2 12 821 56>8/4< 26 8,1 9-/:,1 =2
>M5>,1 ./2 12 :/2=<6 <=<:7<- 3K1 < 1/ 2=<= 3267<8 4 QL15>< :<-< :<85<- 26 8, :,15;82 28
-2>M<R, ./2 821 :-,N,>< 7<67, 3<8217<-O

'5 28 :<757, Q2, 267526=2 ./2 -2<832672 6, 21 /6 :<757,V 156, /6 >5162V ./2 21 =5Q2-2672 <
8,1 =23K1V 65 32U,- 65 :2,-V 153:8232672 =5Q2-2672V 4 8,1 =23K1 7<3;506 8, 267526=26
<1LV 12-K 3K1 QK>58 :<-< /6,1 4 :<-< ,7-,1 <>2:7<- 21<1 =5Q2-26>5<1 4 >,6N5N5- >,6 288<1O
+2-, 212 21 28 7-<;<U, =2 8,1 :<=-21 4 28 151723< 2=/><75N,V 26 =2Q56575N<V =2 8,1 <=/87,1O

\&JD7 <>1==?7A1A 67: A?B7: :52><@741@7: 16 <>=Y1]7^

],8N526=, <8 5-8<6=01 =2 6/217-< M517,-5< ./2 12 1267L< 56>,3:-26=5=,V >P3,


-2<>>5,6<-L<qI

'5 12 -21596< < ./2 6, 82 267526=<6 :/2=2 <1/35- /6< <>757/= :<15N<V ><88<=<V 1,857<-5<V 4
./5RK1 8,1 8/9<-2Y,1 72-35626 <>2:7K6=,82 26 212 :<:28 4 82 =2U26 N5N5-O &, 82 <7<><-K6
:,-./2 08 3513, 726=-K 1/3, >/5=<=, 26 6, :-,N,><-821 26 6569[6 3,3267, 4 :<1<-
=21<:2->5;5=, 26 8< 32=5=< =2 8, :,15;82O +/2=2 5-12 < N5N5- < /6 -56>P6 =28 :/2;8, , < 8<
3,67<Y<V 4 ;<U<- <8 :/2;8, 1,8, 8, 53:-21>56=5;82 :<-< 1/;15175-O

$'
+2-, 28 5-8<6=01 ./5RK1 6, 75262 212 ><-K>72- 7<6 :<>LQ5>,V 7<6 7-<6./58,V 4 12 5--57<
>/<6=, N2 ./2 6, 82 267526=26O !/<6=, N2 ./2 6, 1,6 U/17,1 >,6 08V ./2 6, <7526=26 1/1
62>215=<=21 ;K15><1 :,- 3/>M, ./2 08 12 21Q/2->2 26 -<R,6<- , 26 567267<-
>,6N26>2-8,1V 4 12 26Q<=<O S,1 =23K1 -2<>>5,6<6 26 >,612>/26>5<V 3/4 :-,;<;8232672
7,=,1 < /6<V >,3, 26 Z/2672,N2U/6<V 4 28 -2>M<R, 565>5<8 :/2=2 8829<- < >,6N2-75-12 26
<9-215P6 <;52-7<V N2-;<8 , QL15><V 7<67, :,- /6< >,3, :,- ,7-< :<-72O

'5 28 5-8<6=01 21 3/4 56728592672 23,>5,6<832672V :/2=2 8829<- < 26726=2- ./0 ,>/--2V
:/2=2 567267<- <:-26=2- 28 8269/<U2 =2 8,1 8/9<-2Y,1V >,6 28 21Q/2-R, ./2 21, 82
1/:,6=-KV 4 :,>, < :,>, 5-12 56729-<6=,V 6/6>< =28 7,=,V :2-, =2 Q,-3< ./2 :/2=<
8829<- < 7262- /6< N5=< 3K1 , 326,1 6,-3<8 4 Q285RV < :21<- =2 6, 217<- >,6 8,1 1/4,1 4
12675-12 1523:-2 =21:8<R<=,V >,3, </12672 =28 3/6=, 26 28 ./2 82 M< 7,><=, N5N5-O

S< Q<87< =2 26726=535267, < 8,1 1/:2-=,7<=,1 821 882N< <8 -2>M<R,V < 12- >,615=2-<=,1
-<-,1 4 < 12- <:<-7<=,1 =28 9-/:,O "1L <89/6,1 65Y,1 1/:2-=,7<=,1V ./2 6, 267526=26 8,
./2 ,>/--2 >,6 288,1V 12 >,6N52-726 26 65Y,1 1,857<-5,1V ./2 752626 :,>,1 , 6569[6
<359,V ./2 < 326/=, -2>M<R<6 5- <8 >,8295,V ./2 12 :,626 26Q2-3,1 156 ./2 M<4< /6<
></1< QL15>< =27-K1V ./2 567267<6 =21<:<-2>2- =28 >,8295, 4 =28 267,-6,V 4 8, >,6159/26
>,6 3<4,- , 326,- 0T57, 56>8/1, =2U<6=, =2 1<><- ;/26<1 6,7<1V 327506=,12 a=2;<U, =2
8< <8Q,3;-<e :<-< 6, =217<><-O

lc6 =L< 88<3< 8< :-,Q21,-< 4 72 =5>2 ./2 28 >M<N<8 6, U/29< >,6 ,7-,1 65Y,1V ./2 217K
1523:-2 >,6 1/1 7/7,-21 , ./52-2 U/9<- >,6 ,7-,1 65Y,1 3<4,-21 ./2 08lO $<=-2 =2 /6
1/:2-=,7<=,O %8 65Y, M< >/3:85=, 7-21 <Y,1 4V =2 -2:2672V <89, =2U< =2 26><U<-O

" 6/217-< >,61/87< 6,1 8829<6 65Y,1 3/4 :2./2Y,1V =21=2 8,1 >/<7-, 4 >56>, <Y,1V >,6
:-,;823<1 =2 <6152=<=V >,6 Q,;5<1 4 >,6 -2>M<R, 21>,8<-O !/<6=, 217/=5<3,1 1/1
>,6=/>7<1 26 :-,Q/6=5=<= 6,1 26>,67-<3,1 >,6 =2:-215,621 56Q<675821V >,6 1L67,3<1
=2 -27-<535267,V >,6 -2>M<R, <8 >,8295, 4 < 8,1 :-,Q21,-21 4 26 28 K3;57, QL15>, >,6
=2-3<75751 <7P:5><V >,6 :-,;823<1 =2 217P3<9, 4 /6 156 Q56 =2 1L67,3<1 N<-5<=,1 ./2
752626 >,3, ,-5926 8< <6152=<= ./2 821 :-,=/>2 8< -28<>5P6 >,6 1/1 >,3:<Y2-,1O

" N2>21 8,1 1/:2-=,7<=,1 12 =272>7<6 >/<6=, 23:52R<6 >,6 28 -2>M<R, <8 >,8295, =21=2
3/4 :2./2Y,1O E21:/01 =28 -2>M<R, <8 >,8295, 8,1 :-,;823<1 =28 65Y, 12 N<6
>,3:85><6=, >,6 26Q2-32=<=21 :15>,1,3K75><1 =2 7,=, 75:, ./2 821 882N<6 < =2<3;/8<-
=2 /6, < ,7-, 21:2>5<8517< ./2 <7-5;/426 1/1 :-,;823<1 < ></1<1 QL15><1V >/<6=,
-2<832672 12 7-<7< =2 3<65Q217<>5,621 =2 65N2821 =2 217-01 4 <6152=<= 3/4 1/:2-5,-21 <
8,1 6,-3<821 :<-< 1/ 2=<=O

$(
"82U<6=-, 75262 k <Y,1O '29[6 1/1 :<=-21 26 8< 267-2N517< 565>5<8 "82U<6=-, 6, 75262
<359,1 4 75262 8< </7,21753< 3/4 ;<U<O E5>2 a1,4 7,67,V 7,=, 8, M<9, 3<8eO G,=,1 82
561/87<6O "82U<6=-, 21 28 3K1 <87, 4 28 3K1 Q/2-72 =2 1/ >8<12V :2-, 7<3;506 21 7,-:2 26
8,1 =2:,-721 4 26 9262-<8 26 M<;585=<=21 QL15><1V 217K >-2>526=, 3/4 -K:5=, 4 < N2>21 12
./2=< >,U,O S,1 ,7-,1 65Y,1 6, 82 =2U<6 U/9<- <8 Q[7;,8V 65 < 6<=<O '2 ./2=< 1,8, 26 28
:<75, 4 15 12 567267< <>2-><- 12 ;/-8<6 =2 08O "8 N<8,-<-82 >,3:-,;<3,1 ./2 75262 /6
>,>52672 567282>7/<8 =2 ?mBV 4V :,- 8, 7<67,V /6< 2=<= 3267<8 =2 ><15 ?B <Y,1O "82U<6=-,
-21:,6=2 =2 Q,-3< :<15N< < 8,1 561/87,1V 12 ./2=< <518<=, 4 1,8, :<-< ./2 82 =2U26
7-<6./58,O %6 >,61/87< 6,1 =5>2 ./2 82 26><67<-L< 7262- <359,1V ./2 08 21 ;/26, >,6 8,1
,7-,1 65Y,1V :2-, 6, 1<;2 ./0 M<>2-O

%17< -2<>>5P6 21 8< ./2 88<3<3,1 :<15N< 4 21 8< ./2 <=,:7<6 3/>M,1 65Y,1
1/:2-=,7<=,1O "672 28 -2>M<R, =2 8,1 =23K1 < 1/1 ;/26<1 6,7<1V < ./2 12<6 3K1
;-588<6721V 26 =2Q56575N<V < ./2 12<6 =5Q2-26721V 12 21>,6=26 4 12 <L18<6O

'5 26>/267-<6 -2Q/95, 26 8,1 85;-,1 , 26 1/ ,-=26<=,- 12 >,6N52-726 26 <=5>7,1 4


23:52R<6 < N5N5- 26 1/ :-,:5, 3/6=, <8 3<-926 =28 -217, =2 8,1 3,-7<821O

',6 65Y,1 ./2 8829<6 < 8< <=,821>26>5< 156 ></1<- 6569[6 :-,;823< < 1/1 :<=-21V ./5RK1
30=5>,1 [65><32672V :-,=/>5=,1 26 9262-<8 :,- 8,1 <87L153,1 65N2821 =2 217-01 4
<6152=<= ./2 1,:,-7<6 >,6756/<32672 26 28 >,8295,V 26 8<1 >8<121V 567267<6=, =5153/8<-
1/ :-,:5< >,6=5>5P6 2 567267<6=, :<1<- =21<:2->5;5=,1O

',6 65Y,1 ./2 =2U<6 =2 217/=5<- :<-< 6, 1<><- 3<7-L>/8<1 =2 M,6,-V :,-./2 8, [8753,
./2 =212<6 21 ./2 8,1 :-,Q21,-21 821 <8<;26 =28<672 =2 1/1 >,3:<Y2-,1O

!/<6=, M<6 =21>/;52-7, ./2 21< 21 8< Q,-3< =2 6, -2>5;5- <7<./21V =2 1<85- 3K1 , 326,1
;526 :<-<=,1V 8< <:85><6 <8 -217, =2 1/ N5=<O '2 26>52--<6 26 1L 3513,1 4 12 ./2=<6 26
><1< 28 3<4,- 7523:, :,15;82O

S,1 :<=-21V 26 3/>M,1 ><1,1V 6, 12 2672-<6 =2 6<=<O ]26 ./2 1/ M5U, 159/2 217/=5<6=,V
1<><6=, /6<1 6,7<1 6,-3<821V < N2>21 8,1 :-,Q21,-21 821 =5>26 ./2 :,=-L< -26=5- 3/>M,
3K1V :2-, >,3, N< <:-,;<6=, 6, 821 :-2,>/:< =23<15<=,O '2 N<6 < ><1< <8 1<85- =28
>,8295,V 6, 1<826 8,1 Q5621 =2 123<6<V 1,6 >M5>,1 7-<6./58,1 4 QK>5821 =2 882N<- 15 12 821
=2U< >,6 1/1 <Q5>5,621 ./2 6,-3<832672 7<3;506 1,6 7-<6./58<1 4 1,857<-5<1O S,1 85;-,1V
5672-627V 8,1 N5=2,U/29,1V 28 <U2=-2RV 4 <Q5>5,621 1569/8<-21 >,3, 288,1 3513,1I 8<
<17-,6,3L<V 8,1 =56,1</-5,1V 27>O

"1L :<1<6 8< <=,821>26>5< 3/>M,1 1/:2-=,7<=,1 ./2 M<6 ,:7<=, :,- 217< NL< :<-<
1/:2-<- 1/1 :-,;823<1 =2 <=<:7<>5P6 <8 267,-6,O %6 1,857<-5,V 156 :-2,>/:<- < 1/1

$)
:<=-21 :,-./2 6, 1,6 65Y,1 -2;28=21 W./2 ></1<6 8,1 :-,;823<1 M<;57/<821 26 217<
0:,><XV 6, 1<826V 6, 12 21><:<6 =2 ><1< 4 6, 8829<6 7<-=2O

+2-, 217,1 >M5>,1 ;/26,1V 567285926721V ./2 12 :<1<6 8,1 =L<1 26>2--<=,1 26 1/
M<;57<>5P6V 7<3:,>, 12 -28<>5,6<6 >,6 8,1 >M5>,1 =2 1/ 2=<= >,3, =2;2-L<6 217<-
M<>526=, 26 217< 27<:< =2 1/1 N5=<1O &, <:-26=26 < >,./272<-V < 7-<;<U<- 26 9-/:,V <
85=2-<- 4 =2U<-12 85=2-<- 26 28 9-/:,V < =2Q26=2- 1/1 =2-2>M,1V 26 =2Q56575N<V < =5N2-75-12O

%17,1 >M5>,1 ;/26,1V 567285926721V 12 :52-=26 /6< =2 8<1 0:,><1 3K1 ;,657<1 =2 8< N5=<
26>2--<=,1 26 1/ ,-=26<=,- 4 26 1/ M<;57<>5P6V :2-, 1,;-2 7,=, 12 :52-=26 2612Y<6R<1
;K15><1 :<-< 8< N5=< <=/87<I <:-26=2- < >,6N5N5-V < -28<>5,6<-12V < >,6N2-1<- >,6 8,1
=23K1 4 < 1<;2- =2Q26=2-12V 15 8829< 28 ><1,V =2 Q,-3< >,--2>7<O %6 -21/326V 7,=, 8, ./2
88<3<3,1 M<;585=<=21 1,>5<821O

_ <1LV 8829<6 < 8,1 ?h <Y,1V < 8< /65N2-15=<=V 1,857<-5,1V 156 1<;2- -28<>5,6<-12
<=2>/<=<32672 4 156 1<;2- >P3, 26>,67-<- /6< :<-2U<O %3,>5,6<832672 >,6 8<
</7,21753< 3/4 ;<U<V :-,;823<1 =2 <6152=<=V =2:-215,621V 217-01V 2N57<>5P6 1,>5<8V
Q,;5< 1,>5<8V 27>O

"89/6,1 >,6 CD <Y,1V ,7-,1 >,6 fmV 6/6>< M<6 7265=, 6,N5<V , M<6 7265=, /6<
2T:2-526>5< <3,-,1< ./2 821 M< =2U<=, 7-</3<75R<=,1 :<-< 28 -217, =2 1/1 N5=<1O
"Q,-7/6<=<32672V ,7-,1 12 M<6 =2U<=, >,6./517<- :,- <89/6< >M5>< ./2 M< 1<;5=, N2- 1/
:,726>5<8 =2;<U, =2 21< ><:< =2 a>M5>, -<-,e 4 :/2=26 7262- /6< N5=< 3K1 , 326,1
6,-3<8O %6 3/>M,1 =2 217,1 ><1,1 8< 565>5<75N< 8< M< 7,3<=, 8< 3/U2- :,-./2 288,1
1/2826 12- 7<6 7L35=,1 ./2 12-L<6 56><:<>21O

aH1><- Wfm <Y,1X I S< >M5>< ./2 32 9/17<;< < 8,1 C? <Y,1 32 =5U, ./2 1LV ./2 82 ><L< ;526V
:2-, ./2 6, 32 26726=L<V ./2 2-< 3/4 =5Q2-2672Oe &/6>< 3K1 12 M< <7-2N5=, < <>2-><-12
< 6569/6< 3/U2- 4 =2>5-82 ./2 82 9/17<O E5>2 ./2 6, 82 53:,-7<V ./2 7<3:,>, 8, 62>2157<V
:2-, 6, 12 152672 Q285RO

"8;2-7, WCD <Y,1XI a%1 ./2 6, 10 ./0 =2>5-82 < /6< >M5><O $2 267-< /6 :K65>, M,--,-,1,V
32 :,69, < 1/=<-V 32 7523;8<6 8<1 3<6,1O $2 N,4eO

J/85, WmB <Y,1XI a$5 3/U2- 32 >,6./517PV 288< 12 26><-9<;< =2 7,=, 4 4, =/-<672 <Y,1 8<
=2U<;< M<>2-V 156 ./2U<-32 6/6><V >-2, ./2 32 3<65:/8<;<V M<17< ./2 >,6 8,1 <Y,1 Q/2
32U,-<6=, 3L </7,21753< 4 =2>5=L ./2 4< 6, ./2-L< 129/5- 1526=, /6 :28282 26 1/1
3<6,1O %67,6>21 288< 12 3<->MPV <M,-< 217,4 1,8, 4 6, 10 ./0 M<>2-Oe

S/51 WCC <Y,1XI S82N< C <Y,1 567267<6=, 217/=5<- /6< ><--2-< :2-, 75262 /6 9-<N2
:-,;823<V 6, ./52-2 5- < 8< /65N2-15=<=O '52672 Z,;5< ',>5<8O '2 :<1< 8,1 =L<1 26>2--<=,

%*
26 1/ M<;57<>5P6V 156 M<;8<- >,6 6<=52 1<8N, >,6 1/ Q<3585<V 4 8, 3K1 :<-2>5=, < /6<
6,N5< ./2 M< 7265=, M<17< <M,-< 21 /6< >M5>< >,6 8< ./2 >M<-8< < 7-<N01 =28 ,-=26<=,- 4
./2 217K < mBB t58P327-,1 =2 =517<6>5<O

G,=,1 288,1 M<6 1/Q-5=, -2>M<R, 26 8< 21>/28<V <89/6,1 56>8/1, <>,1, 21>,8<-V 4 M<6
26>,67-<=, 8< Q,-3< =2 1,;-2N5N5- 26>2--K6=,12 26 1L 3513,1V >,6 8< </7,21753< ;<U<V
>,6 :-,;823<1 =2 <6152=<= 4 =2:-215P6 ./2 821 M<6 <>,3:<Y<=, 7,=< 1/ N5=<O

H7-, 2U23:8, 3K1 =2 8, ./2 ,>/--2 7,=,1 8,1 =L<1 26 6/217-,1 >,8295,1 W26 2172 ><1, 1L
8829P < 8< :-261<XV 26 28 =5<-5, %8 +<L1 :/=53,1 822- /6 <-7L>/8, 757/8<=, y%8 ><8N<-5, =2
!-51756<y ./2 =21>-5;L< a8< N5=< 8826< =2 >,67-<-52=<=21 < 8< ./2V 26 8< 21>/28<V 12 M<;L<
7265=, ./2 26Q-267<- /6< 65Y< 1/:2-=,7<=< W?kD =2 >,2Q5>52672 567282>7/<8X ./2 1/Q-5P
N2U<>5,621 151723K75><1 26 28 >,8295,V ./2 v>,3, 3/>M,1 ,7-,1v 23:-26=5P 8< M/5=< <
,7-,1 >267-,1 >,6 28 ,;U275N, =2 >,326R<- =2 >2-, 4 ./2 12 -226>,67-P >,6 1/ :21<=588<
<8 :51<- 28 561757/7,Oe aG,=< /6< N5=< < 32->2= =2 8,1 561/87,1 4 8<1 :2./2Y<1 <9-215,621
./2 12 M<>26 561<8N<;821 :,- <>/3/8<>5P6 4 ./2 <;,><6 562N57<;8232672 26
=2:-215,621V <;<6=,6, 21>,8<- 4 N5157<1 <8 :15>P8,9,O !<-7<1 <6P653<1V :567<=<1 26 8,1
8<N<;,1 >,6 1/ 6,3;-2O +-532-, 26 28 >,8295,V <Y,1 3K1 7<-=2 26 28 561757/7,V =,6=2 12
26>,67-P >,6 1/1 7235=,1 2T >,3:<Y2-,1Oe

!,3, 4< M23,1 >,3267<=,V 12- 1/:2-=,7<=, 26 3/>M,1 ><1,1 15965Q5>< 12- NL>753< =2
<>,1, 21>,8<-V ;/-8<1V N2U<>5,621V ./2 :-,N,><6 </70675>,1 7-</3<1 :15>,8P95>,1 >/4<1
>,612>/26>5<1 12 3<6752626 =/-<672 8< 2=<= <=/87<O S,1 :<=-21 :,- Q<87< =2
>,6,>535267,V >/<6=, 23:52R<6 < <:<-2>2- 8,1 :-,;823<1 =2>5=26 ><3;5<- < 1/1 M5U,1
=2 >,8295,V :261<6=, ./2 <1L 12 -21,8N2-K6 1/1 :-,;823<1 W26 8/9<- =2 <>7/<- ;/1><6=,
8< ></1<X 4 8, [65>, ./2 >,6159/26 21 ./2 12 -2:57<6 26 =5Q2-2672 21>26<-5,O

%6 2172 75:, =2 ><1,1 8,1 >M5>,1 1/:2-=,7<=,1 62>2157<6 <:,4, :15>,8P95>, 4 2=/><75N,O
":,4, 2=/><75N, :<-< 1<><- 28 3KT53, -26=535267, =2 1/1 ><:<>5=<=21V :2-, 7<3;506
<:,4, :15>,8P95>, :<-< 1/:2-<- 1/1 :-,;823<1 =2 56729-<>5P6V :<-< =21<--,88<- 1/1
M<;585=<=21 1,>5<821 26 2=<= 723:-<6< 4 :,=2- 882N<- /6< N5=< 6,-3<8 < :21<- =2 1/1
=5Q2-26>5<1 >,6 28 -217, =2 8,1 65Y,1 =2 1/ 2=<=O S< >,612>/26>5< :,- 596,-<- 217<
62>215=<= 12-K /6 3,67P6 =2 1/Q-535267, 26 35821 =2 1/:2-=,7<=,1 ./2 7,=<NL< 6,
1<;26 28 :,-./0 a82 726L<6 3<6L<eV a:52-=26 < 8,1 <359,1eV a26 28 7-<;<U, =5>26 ./2 21
-<-,eO

c6 217/=5, -2<85R<=, 26 %17<=,1 c65=,1 >,6 ><15 fOBBB 65Y,1V :,- 28 !267-, :<-< 28
E21<--,88, =2 '/:2-=,7<=,1 Wg5Q72Q E2N28,:3267 !2672- =2 !,8,-<=,X 5=2675Q5>P
<89/6<1 ><-<>72-L175><1 =2 :2-1,6<85=<= =2 8,1 1/:2-=,7<=,1O c6, =2 8,1 -<19,1 3K1
>,3/621 Q/2 8< 567-,N2-15P6O '29[6 28 217/=5, 28 km^ =2 8,1 65Y,1 >,6 /6 >,>52672
%!
567282>7/<8 1/:2-5,- < ?@B :-21267<;<6 /6< :2-1,6<85=<= 567-,N2-75=< 4 12 1267L<6 3K1
>P3,=,1 26 1,82=<=O G<3;506 2-<6 3/4 -212-N<=,1O

S27< ),88569s,-7M 217/=5P N<-5,1 1/:2-=,7<=,1 >,6 /6 >,>52672 1/:2-5,- < ?hB 4
6/2N<32672 12 26>,67-P >,6 ./2 2-<6 3/4 -212-N<=,1V M<17< 28 :/67, =2 ./2 6,
=212<;<6 =<- 6569/6< 56Q,-3<>5P6 1,;-2 288,1 3513,1V 1/1 Q<3585<1V 1/1 =<7,1V 1/1
:-,42>7,1 26 8< N5=< , 1/1 =212,1O

%6 8< 3513< 56N21759<>5P6 12 ,;7/N, >,3, -21/87<=, ./2 28 iB^ =2 8,1 65Y,1
1/:2-=,7<=,1 726L<6 /6< 12615;585=<= 3/4 <87< <1L >,3, /6 282N<=, 12675=, =2 8<
U/175>5<O %67-2 28 hf 4 28 hh^ 2-<6 7<3;506 :2-Q2>>5,6517<1 4 >/2175,6<;<6 8< </7,-5=<=O
G<3;506 2-<6 3/4 >,617<6721 26 8<1 K-2<1 :,- 8<1 ./2 1267L<6 5672-01

#21/87<=,1 15358<-21 6,1 26>,67-<3,1 < =5<-5, 26 >8L65><V >/<6=, -2<85R<3,1 217/=5,1
=2 :2-1,6<85=<= =2 1/:2-=,7<=,1 <=/87,1O '2615;585=<= 2T7-23<V 21><1< 1,>5<;585=<=V
282N<=< 567-,N2-15P6 4 /6< 726=26>5< < 12- 2T7-23<=<32672 -212-N<=,1 >,6 1/ N5=<
:-5N<=< 4 1/1 5672-2121V <1L >,3, /6< 9-<6 =21>,6Q5<6R< M<>5< 28 -217, =2 8<1 :2-1,6<1O

%6 3/>M,1 ><1,1 8< 567-,N2-15P6 4 28 2T>21, =2 -212-N< 1,6 >,612>/26>5< =2 8,1


:-,;823<1 26 8<1 -28<>5,621 1,>5<821 =21=2 1/ 56Q<6>5<O '/ 2T7-23<=< 12615;585=<=
7<3;506 :/2=2 7262- ,-5926V <8 326,1 26 :<-72V 26 8,1 :-,;823<1 =2 </7,21753< ./2
7<3;506 1/2826 <>,3:<Y<-821O

+,- 217<1 -<R,621 3/>M,1 12 26>/267-<6 32U,- 26 1,82=<=V 7-<;<U<6=, 26 1/1 :-,:5,1
:-,42>7,1V N5N526=, 26 1/ :-,:5, 3/6=,V <518<=,1 26 8< 32=5=< =2 8, :,15;82O +/2=21
N2-821 :,- 8< ><882 , 7-<;<U<6=, < 7/ 8<=, 26 8< ,Q5>56< >,6 /6< 1,6-51< 4 M<;57/<832672
3/4 <3<;821V :2-, 752626 1/ :-,:5, 3/6=, 4 21 3/4 =5QL>58 ./2 72 =2U26 267-<- 26 08O
G<3:,>, 21 M<;57/<8 ./2 8,1 =23K1 8, 56726726V 752626 Q<3< =2 12- /6 :,>, a-<-,1e 2
56>8/1, =2 3<8 ><-K>72- 4 =2 12- 3/4 :,>, 1,>5<;821V :,- 8, ./2 21 32U,- 2N57<-821O

+2-, N,8N526=, <8 5-8<6=01 =2 6/217-< M517,-5<V 21 :,15;82 ./2 6, 7269< 212 ><-K>72- 7<6
:<>LQ5>,V 7<6 7-<6./58, 4 ./2 12 5--572 >/<6=, N2 ./2 6, 82 267526=26V ./2 6, 1,6 U/17,1
>,6 08 4 ./2 6, <7526=26 1/1 62>215=<=21 ;K15><1 :,- 3/>M, ./2 08 12 21Q/2->2 26
-<R,6<- , 26 567267<- >,6N26>2-821O '2 26Q<=<-KO

E2 217< Q,-3<V 6, 7,=,1 8,1 1/:2-=,7<=,1 -2<>>5,6<6 =2 Q,-3< :<15N< <672 8<1 >-L75><1 4
28 -2>M<R, =2 1/1 >,3:<Y2-,1O H7-< -2<>>5P6 3/4 >,3[6 26 217,1 65Y,1 21 -21:/217<
<9-215N<O S,1 >,3:<Y2-,1 12 ;/-8<6 =2 288,1V 821 561/87<6V 821 23:/U<6V 821 <:<-7<6 =2
8,1 U/29,1 4 288,1 12 =2Q526=26O E2 8<1 :<8<;-<1 :/2=26 :<1<- < 8,1 9,8:21 4 28 65Y,
23:52R< < 12- >,615=2-<=, :-,;823K75>,O %172 75:, =2 -2<>>5P6 6, 21 2T>8/15N, =2 8,1

%"
>M5>,1V 7<3;506 <89/6<1 >M5><1 -21:,6=26 >,6 <9-215N5=<=V :2-, 129[6 6/217-<
2T:2-526>5< 21 3/>M, 326,1 Q-2>/2672 :,-./2 8< 2=/><>5P6 ./2 -2>5;26 821 882N< < 8<1
-21:/217<1 =2 75:, :<15N, 4 < =5153/8<- 1/1 ><:<>5=<=21O

"672 217<1 157/<>5,621 =2 <9-215P6 :,- <3;<1 :<-721V 8,1 :<=-21 267526=26 U/17, 4 8P95>,
./2 1/1 M5U,1 12 =2Q526=<6V :5261<6 ./2 21 :,- 26N5=5< 4 6, <>2:7<6 ./2 1/ M5U, 12< 28
>/8:<;82 4 ./2 8,1 :-,Q21,-21 82 -2>,3526=26V 3K1 , 326,1 <;52-7<32672V ./2 12 882N26
<8 65Y, < ,7-, >267-,O %8 :-,;823< 21 ./2 1/282 12- 1/ M5U, 28 ./2 75262 >M,./21 >,6
7,=,1 8,1 =23K1V 4 28 ./2 21 -2;28=2 4 =51-/:75N, 7<3;506 >,6 8,1 :-,Q21,-21O

"67,65, 75262 i <Y,1V 4 2172 21 1/ 72->2- >,8295,O E2 8,1 7-21 <672-5,-21 8,1 :<=-21 82
1<><-,6 :,- :-,;823<1O !/<6=, <M,6=<3,1 /6 :,>, 3K1V 8,1 :-,;823<1 1523:-2 M<6
15=, 8,1 3513,1O G5262 3<8 ><-K>72-V 12 :282< 26 28 :<75,V =< :<7<=<1V 3,-=51>,1V 9,8:21
7<67, < 1/1 >,3:<Y2-,1 >,3, 56>8/1, < <89[6 :-,Q21,- ./2 M< 567267<=, 1/U27<-82O '56
23;<-9,V 26 ><1< 12 :,-7< ;526V 6, 267526=26 :,- ./0 28 65Y, 26 28 >,8295, 21 <1LO %6
>,61/87< 6,1 2T:85>< ./2 12 ;/-8<6 =2 08 4 ./2 6, N< < <9/<67<-8,O \/2 82 561/87<6O \/2
08 M<>2 8<1 >,1<1 ;526O '5 21< 65Y< 12 217K 1<87<6=, 8< Q58<V 6, 21 U/17,V 75262 ./2 :,62-12
26 8< Q58< >,3, 7,=, 28 3/6=,O `8 12 8, 2T:85><V :2-, >,3, 288< 6, 82 M<>2 ><1,V 8< <9<--<
=28 ;-<R,V =21:/01 288< 12 :,62 < >M588<-V 8829<6 ,7-,1 >M5>,1 4 23:52R<6 8,1 561/87,1 4 8,1
9,8:21O $2 =5>26 >,6 :26< ./2 4< 6, 12 8, =5>2 <8 :-,Q21,-V :,-./2 0172 7<3:,>, 82 M<>2
><1,O &<=52 82 M<>2 ><1, 4 28 3/6=, 21 56U/17, >,6 08O '523:-2 72-356< 1526=, 28 3<8,
>/<6=, M<>2 8, ./2 8,1 3<4,-21 =2>53,1 ./2 75262 ./2 M<>2-O

'/ 12675=, =2 8< U/175>5< 21 2T7-23, 4 6, 267526=2 :,- ./0 8,1 =23K1 65Y,1 12
>,3:,-7<6 =2 Q,-3< 7<6 563<=/-< 4 217[:5=<V 65 :,- ./0 >/<6=, 08 567267< 2612Y<-821
12 -2;28<6 4 72-356<6 >,6 561/87,1 4 9,8:21O

+,15;8232672 "67,65, 8829/2 < <:-26=2- :,>, < :,>, ./2 75262 ./2 ><3;5<- 1/ Q,-3< =2
<>7/<- >,6 8,1 =23K1 4 26>/267-2 1/ :[;85>,V >,6 1/ 567285926>5< 4 1/ Q/2-R< =2 ><-K>72-O
+-,67, 12 >,6N52-72 26 8L=2- =2 1/ :2./2Y, 9-/:, =2 129/5=,-21 >,6 8,1 ./2 :/2=2 M<>2-
8<1 7-<17<=<1 3K1 1,6<=<1 26 28 >,8295, 2 561757/7, 4V 8<3267<;8232672V :/2=< 8829<- <
12- =5<96,175><=, >,6 /6 7-<17,-6, 629<75N517< =21<Q5<672 4 32=5><=, :<-< 8<
M5:2-<>75N5=<= 2 56>8/1, :<-< 8< :15>,:<7L<O

"89/6,1 65Y,1 1/:2-=,7<=,1 12 >,6N52-726 26 /6< :21<=588< 7<67, :<-< 1/1 :<=-21 >,3,
:<-< 28 >,8295,O %1 /6< Q,-3< =2 =<- 1<85=< < 1/1 Q-/17-<>5,621 4 < 1/ 56><:<>5=<= =2
-28<>5,6<-12 >,6 8,1 =23K1V <1L >,3, /6< Q,-3< =2 =2Q26=2-12 =2 8,1 <7<./21 ./2
-2>5;26 26 1/ 267,-6, 21>,8<-O

%#
%O %69851M 4 gO)OJO +2<-1,6 :5261<6 ./2 28 65Y, :-21267< -2<>>5,621 <9-215N<1 26
=272-356<=<1 ,><15,621I

+ "8 M<88<-12 26 /6 217<=, =2 :2859-, -2<8 , >/<6=, 7-<7< =2 85;2-<-12 <7<><6=, 4


=217-/426=, <8 ,;U27, , < 8< :2-1,6< 7235=<V 26>,82-5RK6=,12 >,6 <89/526O

+ "8 12675-12 :-5N<=, =2 /6 :8<>2- =212<=,z 1/ >P82-< 12 =5-592 >,67-< 28 ,;U27, , 8<
:2-1,6< ./2 1,6 ></1< =2 1/ :-5N<>5P6O

+ "8 7-<7<- =2 M<>2- <89, ./2 >,61757/42 /6< 1<751Q<>>5P6 4 <8 3513, 7523:, 82 217K
N2=<=,O '/ >P82-< N< >,67-< ./526 82 56=/>2 < M<>2- <89, ./2 217K :-,M5;5=, 4
>,67-< ./526 82 53:5=2 -2<85R<-8,O

%1><:<-12 =2 >8<12V 6, 217/=5<- 4 M<>2- 9<3;2--<=<1V 21 1/ Q,-3< =2 56729-<-12 26 /6


3/6=, ./2 6, 82 267526=2V 4 15 :<-< 288, 12 75262 ./2 12-N5- =2 65Y,1 326,1 567285926721
./2 08 :2-, < 8,1 ./2 M< <:-26=5=, < 3<62U<- < 1/ <67,U,V 8, M<-KO

H7-< :,15;585=<= 21 ./2 "67,65, 6, 72-3562 1/1 217/=5,1V >,6756[2 >-2<6=, :-,;823<1V
4 21 :,15;82 ./2 72-3562 26 <89[6 >267-, =2 =21567,T5><>5P6V >,6 9-<N21 :-,;823<1 =2
1<8/=V , >,6 <89[6 :2-><6>2 QL15>, :,- /6< 53:-/=26>5< 7232-<-5< >,6 1/1 129/5=,-21O
G<3;506 :/2=2 129/5- 1526=, 2T:/81<=, =2 1/>215N,1 >,8295,1 4 :-21267<- 9-<N21
:-,;823<1 =2 >,6=/>7< 7<67, 26 1/ ><1< >,3, 26 8< 1,>52=<=O

" :21<- =2 1/ <9-215N5=<= 4 ;-<N/>,62-L<V 56>8/1, >,6 1/ Q<3585< 4 <359,1 3K1 >2-><6,1V
26 28 Q,6=, 752626 8< </7,21753< =217-,R<=<V 217K6 ><61<=,1 =2 8/>M<- 4 :282<- 1523:-2
>,6 7,=, 28 3/6=,V =2 6, 12- >,3:-26=5=,1V =2 8<1 >-L75><1 4 =212<6 < :<1<- =2 7,=, 4
<82U<-12 =2 8< 1,>52=<=O

c6, =2 217,1 UPN2621 32 =2>L<O a351 <359,1 32 7-<7<6 >,3, 15 Q/2-< 21>,-5<V >,3, 15 6,
N<85212 :<-< 6<=<V 7,=, :,-./2 6, 32 -21596, < N5N5- >,3, 288,1V :,-./2 M2 :<1<=, =2
8,1 217/=5,1 4 =2 8<1 53:,15>5,621 =2 8< 1,>52=<=O &, >-2, 26 6/217-< 1,>52=<=V >-2, ./2
N<3,1 M<>5< 8< =217-/>>5P6O &, ./52-, N5N5- 26 2172 3/6=,Oe

%17,1 >M5>,1 153:8232672 6, 267526=26 :,- ./0 8,1 =23K1 821 -2>M<R<6O '2 >,6N52-726
26 :-,;823K75>,1 8, ./2 821 ,><15,6< 6/2N,1 :-,;823<1 >,6 1/1 :-,Q21,-21 4 1/ Q<3585<V
4 8, -21/28N26 < 1/ 3<62-<O

!/<6=, /6 65Y, 1/:2-=,7<=, 6, 217K 1526=, 2=/><=, 129[6 1/1 62>215=<=21V 15 12 82


,;859< < :2-3<62>2- 26 /6 <3;52672 3/4 :,- =2;<U, =2 1/1 ><:<>5=<=21V :/2=26

%$
<:<-2>2-V 4 M<;57/<832672 <:<-2>26V :-,;823<1 =2 >,3:,-7<35267, >,3, -21:/217< <
8< Q-/17-<>5P6 ./2 28 65Y, 2T:2-53267<O

!/<6=, 12 =5<96,175>< 8< 1/:2-=,7<>5P6 <8 65Y, 4 12 82 =<6 <>75N5=<=21 =5Q2-26721V


23:52R< < 12675-12 3K1 21753/8<=, 4 N<8,-<=, 4 8,1 :-,;823<1 7526=26 < =21<:<-2>2-
:,- 1L 1,8,1O '5 28 >,8295, 6, <>7[< 8, -2>,326=<;82 21 ><3;5<- =2 >267-,V 4 15 V< :21<- =2
288,V >,6756[<6 8,1 :-,;823<1 :/2=2 12- 62>21<-5, 28 <:,4, =2 /6 :15>P8,9, ./2 ,-52672
7<67, < 8,1 :<=-21 >,3, <8 65Y,O

E2 N2R 26 >/<6=, 6,1 8829<6 >M5>,1 =21=2 >267-,1 21:2>5<821 >,615=2-<=,1 >,3, :-2v
=2856>/26721O %17K6 26 :826< <=,821>26>5<O '/1 :<=-21 217K6 =2121:2-<=,1 , </126721 4
8,1 65Y,1 72-356<6 26 2172 75:, =2 >267-,1O %6 ,><15,621 6,1 26>,67-<3,1 >,6
1/:2-=,7<=,1 7<3;506 267-2 217,1 >M5>,1 4 21 <1,3;-,1, >P3, ><3;5<6 >/<6=,
267526=26 :,- ./0 1,6 =5Q2-26721V :,- ./0 M<6 7265=, 1523:-2 :-,;823<1 >,6 8,1 =23K1
4 23:52R<6 < >-22- 26 1L 3513,1 4 26 1/1 ><:<>5=<=21O

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%%
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G<3;506 6,1 8829<6 UPN2621 1/:2-=,7<=,1 ./2 6, M<6 26>,67-<=, 212 <:,4, 26 8<
<=,821>26>5< 4 M<6 ;/1><=, 1/ :-,:5, ><356, -,3:526=, 6,-3<1 4 ;/1><6=, Q,-3<1 =2
>,3:261<- 1/ 3<8217<- 23,>5,6<8V M/426=, < 1/ 3<62-< =2 1/1 :-,;823<1V >,6
2T:2-526>5<1 =2 =-,9<=5>>5P6V >,6 :-,;823<1 >,6 28 <8>,M,8 4 26 ><1,1 2T7-23,1
=21:/01 =2 M<;2- 567267<6=, <><;<- >,6 1/ N5=< =2 /6< / ,7-< Q,-3<O

H7-,1 65Y,1 1/:2-=,7<=,1 >,3:-26=26 ./2 <89, ,>/--2V </6./2 6, 1<;26 ./0 21V 4 15
752626 M<;585=<=21 1,>5<821 566<7<1V 567285926>5< 23,>5,6<8V :/2=26 8829<- < <=<:7<-12
;526V 156 2T>215N,1 :-,;823<1 26 8< 21>/28< 4 7262- /6 =21<--,88, 6,-3<8O

&, 2T51726 217<=L175><1 26 2172 ><3:, :/217, ./2 8<1 56N21759<>5,621 -2<85R<=<1 1,6
3/4 21><1<1 4 8< :-2,>/:<>5P6 :,- 217,1 65Y,1 21 -28<75N<32672 -2>52672V :2-, 129[6
6/217-< 2T:2-526>5< >8L65>< 1,6 3/>M,1 8,1 <=,821>26721 4 UPN2621 1/:2-=,7<=,1 ./2
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/62 28 Q-<><1, 21>,8<-O

%&
%8 Q-<><1, 21>,8<- =28<7< 26 3/>M,1 =2 8,1 ><1,1 21,1 ,7-,1 :-,;823<1 ./2 217K6 ,>/87,1
4 ./2 M<>26 ./2 8,1 65Y,1 <;,--2R><6 8< 21>/28<V 21706 7,7<832672 =213,75N<=,1 , 12<6
7<6 :-,;823K75>,1 ./2 Q56<832672 8,1 :<=-21 75-<6 8< 7,<88< 4 821 =2U<6 M<>2- 8, ./2
./52-<6O

W?X J2<6 !M G2--<152- WZ-<6>5<X S< 2T51726>5< :15>,1,>5<8 :<-75>/8<- =2 8,1


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27<:< 21>,8<-O

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><:<>5=<= =2 <:-26=5R<U2O

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1/2826 1<;2- 822- <6721 =2 8829<- <8 >,8295,XV 1/3<-V 3/875:85><-OOO :,- 8, ./2 21 :,>,
Q-2>/2672 ./2 12 :-2126726 2T>215N,1 :-,;823<1 26 :-53<-5<O

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32=5><>5P6O

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/6 <9/U2-, -2=,6=,O " 8< Q/2-R< 4 =2Q,-3K6=,8< 8, :,=-23,1 >,6129/5-O " 8,1 65Y,1
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/6< 2=/><>5P6 21:2>5<8V :,- 8, ./2 8< :52R< >/<=-<=< 1<82 >,6 8<1 21./56<1 =217-,R<=<1O
S,1 65Y,1 1/:2-=,7<=,1 72-356<6 >,6 :-,;823<1 =2 <6152=<=V =2 </7,21753< 4
-56=526=, <8 3L653, =2 1/1 ><:<>5=<=21 26 8< 21>/28<O

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#-%"#-)+ -" 8# 2+ 'WJ4

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=2 Q,-3< 7,7<832672 2./5N,><=< < 8,1 65Y,1V :,-./2 6, 3/217-<6 5672-01V 6, 159/26 28
-573, =2 8< >8<12 4 < 326/=, 5672--/3:26 >,6 :-29/67<1O G<3;506 :/2=26 12- 3/4
56./527,1V 1/2826 >/2175,6<- 8< </7,-5=<= 4 :/2=26 629<-12 < M<>2- >,1<1 ./2 821
:<-2>26 <;/--5=<1 , 5--282N<6721O

%8 129/6=, :-,;823< 3K1 >,6,>5=, 21 8< T1641 @> YFI?47: @> >:45@?7V 4 >,3,
>,612>/26>5< 28 Q-<><1, 21>,8<- >/<6=, <8><6R<6 8< 12>/6=<-5<O c6 1/:2-=,7<=, ./2
217K 217/=5<6=, 26 /6 65N28 ./2 6, 82 >,--21:,6=2 :/2=2 <:-,;<- 156 M<>2- 6569[6
21Q/2-R, 2 5- 1<><6=, 8<1 6,7<1 <=2>/<=<1 :<-< 5- :<1<6=, =2 >/-1, 156 88<3<- 8<
<726>5P6 65 =2 :<=-21 65 =2 :-,Q21,-21O '5 217< 157/<>5P6 12 3<675262 < 8, 8<-9, =2 8,1
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%6 ,7-,1 ><1,1 8<1 =5Q5>/87<=21 :/2=26 23:2R<- 26 12>/6=<-5<V 26 ;<>M5882-<7, , <8


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<:-,;<;< >,6 1P8, <15175- < >8<12 4 =21:/01 -2:<1<- /6 :,>,V 26 /6 3,3267,
=272-356<=, 6, ;<17< 4 6/217-,1 1/:2-=,7<=,1 Q-<><1<6O !/<6=, 4< 21 53:-21>56=5;82
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21 < :<-75- =2 212 3,3267, >/<6=, >,3526R<6 8,1 Q-<><1,1O

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M,9<-O E21:/01 =2 567267<-8, 7,=,V =2>5=26 56N21759<- >/K8 :/2=2 12- 8< ></1< =2 7,=,1
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><3;5<6 < ,7-<O +-/2;<6 >,6 8< 159/52672V ,>/--2 3K1 , 326,1 8, 3513, 4 <1L :/2=26
:<1<-12 7-21 , >/<7-, <Y,1 ><3;5<6=, ><=< <Y, M<17< ./2 Q56<832672 <;<6=,6<6O &,1
8829<6 < >,61/87< >,6 8< </7,21753< :,- 8,1 1/28,1V >,6 :-,;823<1 =2 =2:-215P6 4 156
1<;2- ./0 M<>2- >,6 1/ N5=<O " 326/=, 65 7<6 15./52-< 12 :-21267<6 < 8,1 2TK32621 :,-
352=, <8 Q-<><1,V 352=, < 6, ,;7262- 8<1 ><85Q5><>5,621 ./2 1/1 :<=-21 21:2-<6 , ./2
288,1 3513,1 >-226 ./2 =2;26 >,6129/5-V :2-, 8< <6152=<= 821 ;8,./2< 4 <;<6=,6<6O

&"
E267-, =2 8,1 :-532-,1 >/-1,1 =2 8< /65N2-15=<= <89/6,1 159/26 >,6 1/1 217-<7295<1 =2
217/=5, 4 <:-/2;<6 >,6 Q<>585=<=V :2-, <89/6<1 <1596<7/-<1 =2 8,1 [8753,1 -2./52-26
3/>M, 3K1 7523:, 4 =2=5><>5P6O c6< 217/=5<672 =2 [8753, <Y, =2 5692652-L< 6<N<8 32
>,3267<;< 26 >,61/87< ./2 >-2L< ./2 M<;L< :2-=5=, ><:<>5=<=21V ./2 1/ ><:<>5=<= =2
>,6>267-<>5P6 4 =2 3<67262- 8< <726>5P6 M<;L< =51356/5=, 3/>M, 26 8,1 [8753,1 <Y,1O
S2 217<;< >,17<6=, 72-356<- 8< ><--2-<O "6<85R<6=, >,6 288< 1/1 MK;57,1 =21>/;-53,1
./2 1/ Q,-3< =2 217/=5<- :<-< >/<8./52- 2T<326V 26 /6< =2 8<1 ><--2-<1 3K1 =5QL>5821V
2-< =2=5><-12 < -2N51<- /6 :<- =2 =L<1 <6721 7,=< 8< 3<72-5<O {8753<32672 217, 6, 82
Q/6>5,6<;<O !/<6=, 82 :-29/67<;< ./0 M<;L< M2>M, 28 -217, =28 <Y,V 12 2T7-<YPO 0S+A '"
:+ '"#8*$# 2+ /# /#!/+ &'@4 K"#8*$# /# #'%()"&)+ &2 ;"-&2A 2+' H2%"8+' )@&' : 8# ".&
8(: ."#-A *#$+ &/+$& *&$#!# ,(# :& -+ 8# !+-!#-%$+ "7(&2 ,(# &-%#'4J %17< Q,-3< =2
217/=5<-V =,1 =L<1 <6721 =28 2T<326V < 6/217-< 217/=5<672 =2 5692652-L< 82 :<-2>L< =2 8,
3K1 6,-3<8V 35267-<1 ./2 < 8,1 =23K1 <8/36,1 =2 21< ><--2-< 821 -21/87<-L< 3/4
>,3:85><=, <:-,;<- 6, =2=5><6=, <8 326,1 =,1 , 7-21 M,-<1 =5<-5<1 =2 H>7/;-2 < J/65,O
+2-, 288< 6/6>< 8, M<;L< 62>2157<=,O

S,1 1/:2-=,7<=,1 6, 217K6 <>,17/3;-<=,1 < Q-<><1<- 26 8,1 217/=5,1O '/ </7,21753< 12
-2152672 4 12 =21217<;585R<6O " 326/=, 6, 8, <>2:7<6 >,3, /6 Q-<><1, :2-1,6<8 156,
>,3, <89, 56M2-2672 <8 >,8295,V < 8< Q<87< =2 3,75N<>5P6 ./2 752626 :<-< 5- < >8<12V < ./2
28 :-,:5, >267-, 4< 821 :-,N,>< -2>M<R, :,- 28 <;/--535267, =2 8<1 >8<121V < ./2 8,1
:-,Q21,-21 821 752626 3<6L<V ,V 26 3/>M,1 ><1,1V 7<3;506 < 8,1 :-,;823<1 26 8< -28<>5P6
>,6 1/1 >,3:<Y2-,1O

"8 Q-<><1, 26 8,1 217/=5,1 4 8,1 :-,;823<1 26 28 >,8295, 12 /626 8,1 2<7I6>D1: >A
=1:1I :<=-21 3/4 :-2,>/:<=,1 :,-./2 N26 ./2 1/ M5U, 23:52R< < 1/1:26=2-V
<>/1<>5,621 =2 Q<87< =2 -21:,61<;585=<=V =2 a2-21 /6 N<9,e :,-./2 6/6>< 82 M<6 N517, 65
82 N26 217/=5<-V 352=, <8 Q-<><1, =2 8,1 :-,:5,1 :<=-21O %6 2172 <3;52672 =2 >,6Q85>7,1 4
-2:-,>M21 1,;-2N5N26 3/>M,1 1/:2-=,7<=,1 <=,821>26721V >,6 ;-,6><1 26 ><1< 7,=,1 8,1
=L<1V 21:2>5<832672 26 0:,>< =2 2TK32621O

+-,;823<1 26 ><1<V :-,;823<1 26 28 >,8295,V 8< </7,21753< ;<U< 4 9-<6 56129/-5=<= 26 1L


3513,1 26 :826< <=,821>26>5< 156 1<;2- 8, ./2 ./52-26 M<>2- >,6 1/ N5=< , < =P6=2
./52-26 5-O !,6 352=, < 6, 12- ><:<>21 =2 <:-,;<- 7<8 >,3, 12 821 2T592 4 156 1<;2-
>P3, <Q-,67<- 28 Q-<><1,O %8 >,6U/67, =2 :-,;823<1 :<-< 8,1 1/:2-=,7<=,1 <=,821>26721
12 >,6N52-72 26 /6 </70675>, ><8N<-5, 4 <89/6,1V =23<15<=,1V <;<6=,6<6 8,1 217/=5,1 26
12>/6=<-5<O

n/1><6 /6< 1<85=< QK>58V :,62-12 < 7-<;<U<- 15 21 :,15;82 26 >/<8./52- 23:82, 126>588,V
3/4 :,- =2;<U, =2 1/1 ><:<>5=<=21V 4 >/<6=, 12 ./52-26 =<- >/267<V =21:/01 =2 21<

&#
0:,>< =2 -2;285P6 <=,821>2672V 12 1526726 Q-<><1<=,1 4 <3<-9<=,1 :,- 6, M<;2-12
Q,-3<=, >/<6=, 7/N52-,6 8< ,:,-7/65=<=O

E<N5= 75262 >/<-267< <Y,1 4 7-<;<U< >,3, -2:<-75=,- :<-< /6< 9-<6 ><=26< 6<>5,6<8 =2
1/:2-32-><=,1O '523:-2 Q/2 3/4 56728592672V :2-, >/<6=, 726L< ?@ <Y,1 =2>5=5P =2U<-
8,1 217/=5,1 :,-./2 6, 1,:,-7<;< 4< 65 28 >,8295, 65 8,1 :-,;823<1 >,6 1/1 :<=-21O
"M,-< 12 8<3267< 7,=,1 8,1 =L<1 :,-./2 28 7-<;<U, ./2 -2<85R< 6, 82 9/17< 4 1<;2 ./2 15 12
M/;52-< Q,-3<=, :,=-L< 7262- /6 7-<;<U, 3K1 >P3,=, 4 >,6 32U,-21 569-21,1O +2-, =5>2
./2 :<-< 08 4< 21 7<-=2O

'56 23;<-9,V 7,=, 2172 1/:85>5, 75262 /6< 2T:85><>5P6 ;<17<672 126>588<O $/>M,1
1/:2-=,7<=,1 6, 1<;26 217/=5<-V >,3, 4< M23,1 >,3267<=,V 821 Q<87<6 MK;57,1 =2
217/=5,O G<3:,>, 752626 3,75N<>5P6 :<-< 129/5- 217/=5<6=,O ',6 <=,821>26721V :2-, 7<6
3<=/-,1 3267<832672 >,3, /6 <=/87,V 4 6, <><;<6 =2 26726=2- :<-< ./0 752626 ./2
217/=5<-V >/K8 21 28 Q/7/-, ./2 1/1 :<=-21 821 M<6 =512Y<=, 4 6, 752626 >8<-, ./2 821
<:272R><O ',6 1/3<32672 >-L75>,1 >,6 8< 1,>52=<=V <89, 8P95>, 26 217<1 2=<=21V 1,;-2
7,=, >,6 28 3,=, =2 N5=< =2 1/1 :<=-21V 4 6, 21 6<=< QK>58 >,6N26>2-821 =2 ./2 8, ./2
752626 ./2 M<>2- 21 =2=5><- 8<-9<1 M,-<1 <8 217/=5, =2 >,1<1 <;/--5=<1O

)<4 ./2 =512Y<- 4 >,6,>2- 217-<7295<1 =2 3,75N<>5P6 <=2>/<=<1 :<-< 1/ ><:<>5=<=


567282>7/<8V =2 Q,-3< ./2 <1/3<6 8,1 ,;U275N,1 >,3, 1/4,1 4 12 -2=5-5U<6 :<-<
>,6129/5-8,1O S,1 7-<7<3,1 >,3, 65Y,1V 3267<832672 1,6 <=/87,1 >,6 9-<6=21
><-26>5<1 23,>5,6<821V :2-,V <8 Q56 4 <8 ><;,V <=/87,1O %12 1/282 12- /6, =2 8,1 9-<6=21
2--,-21 ./2 >,32726 :<=-21 4 :-,Q21,-21 26 217< 27<:<O

)6 7<?G>A @>6 2<7I6>D1

S, :-532-, ./2 Q<88< 26 28 151723< 2=/><75N, 7-<=5>5,6<8 21 8< =272>>5P6 =2 8<1 <87<1
><:<>5=<=21 26 8< 56Q<6>5<O S,1 :-,Q21,-21 6, 752626 8< Q,-3<>5P6 <=2>/<=< 65 8<
><:<>57<>5P6 62>21<-5< :<-< =272>7<- < 8,1 65Y,1 3K1 ;-588<6721 2 56>8/1, 8,1 2N<8[<6
2--P62<32672 >,615=2-K6=,8,1 3K1 7,-:21 =2 8, 6,-3<8 :,- 1/1 3<8,1 -21/87<=,1O

F1<;28 8829P < 6/217-< >,61/87< >,6 ?m <Y,1 4 /6< 8<-9< 7-<42>7,-5< =2 Q-<><1, 21>,8<-O E2
M2>M, 28 [8753, <Y, 8,1 :-,Q21,-21 =2 1/ >267-, M<;L<6 =2>5=5=, :<1<-8< <8 9-/:, =2
62>215=<=21 2=/><75N<1 21:2>5<821V >,6 8,1 >M5>,1 >,6 =2Q5>526>5<1 567282>7/<821O !/<6=,
8< 2N<8/<3,1V =21>/;-53,1 ./2 F1<;28 75262 /6 !,>52672 567282>7/<8 =2 ?fB 4 217K
7,7<832672 =213,75N<=< >,6 28 >,8295,O &, 75262 6569[6 5672-01 26 8<1 >8<121 4 8, ./2

&$
-2<832672 82 5672-21< 21 N5N5- >,3, /6< <=/87<O E21:/01 =2 N<-5,1 32121 7-<;<U<6=,
>,6 288< 26 >,61/87< -27,3< 1/1 217/=5,1 4 >,6159/2 72-356<- 28 >/-1, >,6 ;/26<1 6,7<1O

%6 28 ><1, =2 F1<;28 6569/6, =2 1/1 :-,Q21,-21 1,1:2>MP < 8, 8<-9, =2 7,=< 1/ 2=/><>5P6
./2 2-< 1/:2-=,7<=< 4 1523:-2 <7-5;/42-,6 1/ Q<87< =2 <726>5P6 4 =2 5672-01 < Q<87< =2
><:<>5=<=O !,3, F1<;28V >5267,1 =2 35821 =2 65Y,1 :<1<6 :,- 28 151723< 2=/><75N, 156
./2 6569[6 :-,Q21,- 65 ,-5267<=,- 1,1:2>M2 ./2 752626 =28<672 < /6 65Y, >,6
><:<>5=<=21 21:2>5<821 ./2 62>2157< 2=/><>5P6 21:2>5<8O

%8 151723< <>7/<8 6, 217K =512Y<=, :<-< -2<85R<- =2 Q,-3< 151723K75>< :-/2;<1 =2


><:<>5=<= < 8,1 65Y,1 >/<6=, 23:52R<6 1/ 27<:< 21>,8<-V 65 7<3:,>, 8, M<>2 >/<6=,
N<6 ><3;5<6=, =2 27<:<O "89, ./2 1/:,6=-L< 56>-23267<- 8,1 >,1721 =28 151723<
2=/><75N, :,-./2 <:<-2>2-L<6 >5267,1 =2 35821 =2 65Y,1 =2 <87<1 ><:<>5=<=21 ./2
62>2157<-L<6 2=/><>5P6 21:2>5<8O S, ./2 12 159/2 21 8< 217-<7295< =28 a<N217-/ReV 15 6, 12
N2 28 :-,;823< 21 :,15;82 ./2 0172 6, 2T517<V :2-, 8<3267<;8232672 8<1 >,612>/26>5<1
:<-< 8,1 >M5>,1 1L 2T51726 4 8< :0-=5=< =2 7<8267, :<-< 6/217-< 1,>52=<= 7<3;506O

"89/6,1 :<=-21 1/2826 =<-12 >/267< :-,67, =2 ./2 1/ M5U, 21 =5Q2-2672 4 8, >,3267<6
>,6 8,1 :-,Q21,-21 2 56>8/1, 1,85>57<6 2N<8/<>5,621 :-5N<=<1O +2-, >/-5,1<32672 >/<6=,
<>/=26 <8 151723< 2=/><75N, >,6 /6< 2N<8/<>5P6 :-5N<=< ./2 =5>2 ./2 1/ M5U, 21
1/:2-=,7<=,V 8< -2<>>5P6 3K1 M<;57/<8 =2 8,1 >267-,1 21 8< =2 a-2151726>5< 6/3<6756<eO

%6 :-532- 8/9<- <:<-2>2 8< 629<>5P6 a< 3L 6, 32 :<-2>2 ./2 1/ M5U, 12< 1/:2-=,7<=,V <8
>,67-<-5,V N< 3K1 8267, =2 8, 6,-3<8eV , ;526 a21,1 56Q,-321 6, 15-N26V 1,6 =2 /6 >267-,
:-5N<=, 4 6, 752626 N<85=2ReO " :<-75- =2 212 3,3267, 23:52R< 8< 8/>M< =2 8,1 :<=-21
>,67-< 28 >267-, 21>,8<-O +<-< ./2 2N<8[26 < 1/1 M5U,1 4 =2 217< 3<62-< ,;7262- /6
>2-75Q5><=, a,Q5>5<8e ./2 1L 7269< N<85=2RO " N2>21 21< 2N<8/<>5P6 12 =23,-< 32121V 2
56>8/1, <Y,1V 4 Q56<832672 >/<6=, 12 -2<85R< 7<3:,>, 8, M<>2 /6 21:2>5<8517< :/21 6, 21
62>21<-5, ./2 ./52621 M<>26 8<1 2N<8/<>5,621 7269<6 8< :-2:<-<>5P6 62>21<-5<V 65 7<6
15./52-< /6 7L7/8, ,Q5>5<8 >,3, :15>P8,9,1O %6 Q/6>5P6 =2 8<1 >-226>5<1 =28 2N<8/<=,-
1,;-2 8<1 <87<1 ><:<>5=<=21 :/2=2 23575- /6 56Q,-32 ./2 7269< 21><1< >,--28<>5P6 >,6 8<
2N<8/<>5P6 <672-5,-V 6,-3<832672 726=526=, < 285356<- 28 :-,;823< a1/ M5U, 6, 75262
<87<1 ><:<>5=<=21V < 6/217-, ,-5267<=,- 82 M< =<=, /6 >,>52672 567282>7/<8 =2 ?Ci 4 :,-
8, 7<67, 6, 8829< < ?DBeO _ >,6 /6 -21/87<=, <1L 28 >267-, 21>,8<- 12 ./2=< 7-<6./58,V 4<
6, 752626 /6 :-,;823< >,6 /6 >M5>, =2 <87<1 ><:<>5=<=21O %1 6,-3<8 4 726=-K ./2
129/5- >,6 8< 2612Y<6R< 6,-3<8O H ;526 ,;752626 -21:/217<1 =28 75:, a1LV 21 56728592672V
:2-, M< Q<88<=, 26 8< :-/2;< =2 >-2<75N5=<=eV , ;526 a1LV 21 56728592672V :2-, 6, 75262 8<
3,75N<>5P6 62>21<-5< :<-< ./2 82 :,=<3,1 >,615=2-<- 1/:2-=,7<=,eO &<7/-<832672 ./2

&%
6, 75262 3,75N<>5P6V 8, M<;57/<8 21 ./2 2170 <;1,8/7<32672 =213,75N<=, :,- >/8:< =28
151723< 2=/><75N,O

%6 8,1 ><1,1 26 8,1 ./2 8< 1/:2-=,7<>5P6 21 56629<;82 :,-./2 28 >,>52672 567282>7/<8 =28
65Y, 1/:2-< <3:85<32672 8< ;<--2-< =28 !F ,Q5>5<8 :<-< 12- >,615=2-<=, 1/:2-=,7<=,
W129[6 8< H-9<65R<>5P6 $/6=5<8 =2 8< '<8/=V /6 65Y, 1/:2-=,7<=, 21 <./28 >,6 /6
>,>52672 567282>7/<8 59/<8 , 1/:2-5,- < ?DBV 4 1/:,62 28 =,1 :,- >5267, =2 8< :,;8<>5P6X
7<3:,>, 1/282 ,>/--5- 6<=<O %8 65Y, :/2=2 217<- 2N<8/<=, >,3, =2 a<87<1 ><:<>5=<=21e
4 ./2 6, -2<85>26 6569[6 75:, =2 ><3;5, 26 1/ 2=/><>5P6 2 56>8/1, ./2 7269<
>,612>/26>5<1 629<75N<1 :/21 4< 217K a275./27<=,e >,3, 65Y, =5Q2-2672 ./2 :/2=2 >-2<-
:-,;823<1 < 1/1 :-,Q21,-21O

`17,1 1,6 8,1 =<7,1O '56 23;<-9,V >/<6=, :-29/67, < =5-2>7,-21 =2 >,8295, =2 6/217-,
:<L1 ap>/K67,1 <8/36,1 752621 26 7/ >267-,qeV <89/6,1 32 -21:,6=26 ./2 fOBBBV 821
:-29/67, < >,6756/<>5P6 ap>/K67,1 1/:2-=,7<=,1qe S< -21:/217< 1/282 12-I a<89/6,
75262 ./2 M<;2-OOOe 1567506=,12 56>P3,=,1 < >,6756/<>5P6O !,6 fOBBB <8/36,1 75262
./2 M<;2- :,- :/-< 217<=L175>< /6,1 hB 1/:2-=,7<=,1 W28 =,1 :,- >5267, 129[6 8< H$'XV
4 CBB >,6 <87< ><:<>5=<= W<:-,T53<=<32672 28 >56>, :,- >5267, 129[6 8< H$'XO '56
23;<-9,V 6, 12 :-2,>/:<6 :,- 2172 723< 4V :,- 8, 7<67,V 6, 7,3<6 32=5=<1 :<-< 1/
<726>5P6O

&, 12 7-<7< =2 /6< ,;12-N<>5P6 :/67/<8V :,- 35 7-<;<U, 7269, >,67<>7, >,6 3/>M,1
=5-2>7,-21 =2 >,8295, 4 :-,Q21,-21 4 ><15 1523:-2 -2>5;, 8<1 3513<1 -21:/217<1I a&, 10eO
%6 ><=< /6, =2 217,1 >267-,1V 26 28 7,7<8 =2 6/217-, 151723< 2=/><75N,V 28 6,N267< 4
,>M, :,- >5267, =2 8,1 >M5>,1 1/:2-=,7<=,1 217K6 156 5=2675Q5><- 4 :,- 8, 7<67, 26
3/>M,1 ><1,1 :/2=26 72-356<- >,6 Q-<><1, 21>,8<- 4 9-<N21 :-,;823<1 23,>5,6<821O

"672 217< 157/<>5P6 1/-92 8< :-29/67< p:,- ./0q p:,- ./0 6, 12 56N52-72 3K1 26 <726=2-
< 8,1 >M5>,1 =2 <87< ><:<>5=<= 26 6/217-, :<L1q '2 32 ,>/--26 N<-5<1 -21:/217<1I

?Ov F6>-23267, =2 >,1721 26 28 151723< 2=/><75N,O '5 =272>7<3,1 >5267,1 =2 35821 =2


65Y,1V 28 >56>, :,- >5267, =2 8< :,;8<>5P6 21>,8<-V >,6 <87< ><:<>5=<= 28 151723<
2=/><75N, 726=-K ./2 56N2-75- 3K1 26 8< Q,-3<>5P6 =2 8,1 =,>26721V >/-1,1 4 >267-,1
21:2>5<821O c6< 9-<6 56N2-15P6 ./2 6/217-,1 =5-5926721 6, :<-2>26 217<- =51:/217,1 <
:-,42>7<-O

COv &, ><:7< N,7,1O G,=, 28 3/6=, 267526=2 ./2 8,1 >M5>,1 >,6 =51><:<>5=<= 62>2157<6
/6 <:,4, 21:2>5<8V :2-, 8,1 1/:2-=,7<=,1 1,6 /6< a356,-L<e W72P-5><32672V 26 8<
:-K>75>< 1/:,626 28 3513, :,->267<U2 ./2 8,1 =51><:<>57<=,1 567282>7/<821X 4 <=23K1

&&
6, a:<-2>26e 62>2157<- 6<=< 21:2>5<8O "153513, 8< 56N2-15P6 26 8< Q,-3<>5P6 =2
1/:2-=,7<=,1 :/2=2 7262- >,612>/26>5<1 :,8L75><1 629<75N<1O

DOv '2 >,6Q/6=2 32U,-<- 8< <726>5P6 < 8,1 65Y,1 1/:2-=,7<=,1 4 =2 <87<1 ><:<>5=<=21 >,6
2857513, 1,>5<8O

%8 7<8267, 6, 1,8, 217K 26 8<1 >8<121 <87<1V =2 M2>M,V 8,1 65Y,1 1/:2-=,7<=,1
:-,N26526721 =2 Q<3585<1 <=562-<=<1 6, 1/2826 7262- 7<67,1 :-,;823<1O %1 126>588, :<-<
1/1 :<=-21 2N<8/<-821 4 882N<-821 < >267-,1 :-5N<=,1 ./2 M<;57/<832672 =51:,626 =2 1/1
:-,:5,1 151723<1 =2 5=2675Q5><>5P6 4 >,67<- >,6 28 <:,4, =2 :-,Q21,-21 21:2>5<821 4
:15>P8,9,1O +,- ,7-< :<-72V 1/2826 7262- /6< 3<4,- <>2:7<>5P6 =2 1/1 >,3:<Y2-,1 4 28
<>,1, 21>,8<- 6, 21 7<6 Q-2>/2672O

&,V 8,1 :-,;823<1 1/2826 12- 3K1 9-<N21 :<-< 8,1 >M5>,1 =2 >8<121 1,>5<821 ;<U<1V =2
Q<3585<1 ./2 6, :/2=26 :<9<- /6< 2N<8/<>5P6 :-5N<=< 4V :,- 7<67,V 1/1 M5U,1 6, :,=-K6
<>>2=2- < /6 >267-, :-5N<=, 21:2>5<85R<=, 65 < :-,Q21,-21 2T72-6,1O

S< <>757/= =2 6/217-, 151723< 2=/><75N,V =2 2=/><- 59/<8<6=, 26 8< 32=5<6L<V :2-U/=5><
1,;-2 7,=, < 8,1 >M5>,1 =2 <87< ><:<>5=<= =2 8<1 >8<121 1,>5<821 32=5<1 4 ;<U<1V 8<1 ./2 6,
752626 :,15;585=<=21 =2 <>>2=2- < ,7-,1 32=5,1 2=/><75N,1 ./2 8,1 :[;85>,1O

"1LV /6< 3<8 26726=5=< :,8L75>< =2 59/<8=<= =51>-5356< < 8,1 3K1 ><:<>21 4 :-,N,>< ./2
>/<6=, >,3:<-<3,1 6/217-,1 -21/87<=,1 2=/><75N,1 >,6 8,1 =2 ,7-,1 :<L121 28 6[32-,
=2 <8/36,1 2T>2826721 2170 3/4 :,- =2;<U, =2 8, 21:2-<=,O S< -<RP6 217K >8<-<O S,1 3K1
><:<>21 1,6 a129<=,1e :,- 28 151723< 21>,8<- >,3, 12 1529<6 8<1 M52-;<1 <87<1 26 28
><3:,O

03$+8+=#$ 2& #E!#2#-!"& #,("=&2# & ;&!"2"%&$ 2+' $#!($'+' #)(!&%"=+' -#!#'&$"+' ,(#
*#$8"%&- & !&)& &2(8-+ 22#7&$ %&- 2#I+'A %&- $9*")+A !+- %&-%& &8*2"%() : !+- %&-%&
*$+;(-)")&) !+8+ '( !+8*#%#-!"& 2# *#$8"%&4 D'%+ #' #-%#-)#$ #2 *$"-!"*"+ )#
"7(&2)&) )# +*+$%(-")&)#' #- '( !+$$#!%& &!#*!"6-4J Bc+($+-A shhsC4

"8 3513, 7523:, 217<3,1 <7267<6=, >,67-< /6, =2 8,1 =2-2>M,1 2823267<821 =28 65Y,V
28 =2-2>M, < 8< 2=/><>5P6 3K1 <=2>/<=< < 1/1 ><:<>5=<=21 :<-< ./2 :/2=< =21<--,88<-
7,=, 1/ :,726>5<8O %=/><- 26 8< =5Q2-26>5< :<-< ./2 7,=,1 :,=<3,1 =<- 8, 32U,- =2
6,1,7-,1 3513,1O

%6 21< 8L62< 8< c65P6 %/-,:2< <:-,;P /6< 565>5<75N< -2>5267232672 =5-595=< < 8,1 Ck
:<L121 ./2 8< Q,-3<6V =21756<=< < Q<N,-2>2- 8< =272>>5P6 4 <726>5P6 =2 8,1 65Y,1 4
UPN2621 >,6 <87<1 ><:<>5=<=21V 565>5<75N< ./2 Q/2 :-,3,N5=< :,- /6< Q/6=<>5P6
21:<Y,8<O

&'
%6 =5>M< 565>5<75N< 12 -2>,3526=< < 8,1 %17<=,1 3523;-,1 =2 8< c65P6 %/-,:2< ./2
<:,426 8< 0$#&2">&!"6- )# #'%()"+' # "-=#'%"7&!"+-#' &)"!"+-&2#' !&*&!#' )# 8+="2">&$
#2 *+%#-!"&2 )# 2+' -"N+' : 2+' I6=#-#' !+- &2%&' !&*&!")&)#'A )# ;+$8& ,(# *(#)&
&*$+=#!/&$'# #- 2+' 98."%+' 89' =&$"&)+'A !+- #2 +.I#%"=+ )# ;&!"2"%&$ #2 #8*2#+ : 2&
#8*2#&."2")&) #- #2 8&$!+ )# 2& <-"6- D($+*#& :A #- (- !+-%#E%+ )# !$"'"' #!+-68"!&A
*+%#-!"&$ 2& =&2+$&!"6- )# 2+' !+-+!"8"#-%+' #'*#!"&2">&)+' : #="%&$ #2 WE+)+ )#
*#$'+-&' !&*&!"%&)&'4

D2 5+8"%W #-!+8"#-)& ,(# #- #2 ;(%($+ '# !+-!#)& 89' &%#-!"6- & 2+' 8+)#2+' :
#E*#$"#-!"&' )# %$&.&I+ !+- #'%()"&-%#' )# &2%&' !&*&!")&)#' "-%#2#!%(&2#' #E"'%#-%#'
#- !&)& (-+ )# 2+' D'%&)+' 8"#8.$+'A #'*#!"&28#-%# & &,(#22+' 8+)#2+' ,(#
.#-#;"!"&- & 2& '+!"#)&) #- '( !+-I(-%+A ;&!"2"%&- '( !+/#'"6-A $#)(!#- #2 ;$&!&'+
#'!+2&$ : ;&=+$#!#- 2& 8#I+$& )# 2& #)(!&!"6- !+-;+$8# & 2+' +.I#%"=+' )# 2&
D'%$&%#7"& D($+*& shsh4

D2 5+8"%W *$+*+-# 8#I+$&$ 2& &%#-!"6- #)(!&%"=& ,(# '# *$#'%& & 2+' -"N+' : I6=#-#'
,(# *$#'#-%&- &2%&' !&*&!")&)#'A #- 2+' '"7("#-%#' &'*#!%+'V

t F& ;+$8&!"6- "-"!"&2 : *#$8&-#-%# )#2 *$+;#'+$&)+ &!#$!& )#2 *#$;"2 : 2&'
!&$&!%#$@'%"!&' )#2 &2(8-&)+ !+- &2%&' !&*&!")&)#'A '( )#%#!!"6- : 2& &%#-!"6-
#)(!&%"=& ,(# -#!#'"%&-m

t F& *(#'%& #- !+8H- )# *$+!#)"8"#-%+' ,(# *#$8"%&- )#%#!%&$ *$#!+>8#-%# 2&


#E"'%#-!"& )# &2%&' !&*&!")&)#' "-%#2#!%(&2#' #- 2+' &2(8-+' #- 7#-#$&2 :
#'*#!"&28#-%# #- 2+' ,(# *$+!#)#- )# '#!%+$#' : #-%+$-+' '+!"&2#' )#';&=+$#!")+'m

t D2 )"'#N+ : *(#'%& #- 8&$!/& )# 8#)")&' #)(!&%"=&' )#'%"-&)&' &2 &2(8-&)+ !+-


&2%&' !&*&!")&)#' "-%#2#!%(&2#'m

t P-%#7$&$ #- 2& ;+$8&!"6- )#2 *$+;#'+$&)+ 2+' =&2+$#' )#2 /(8&-"'8+A 2& $#&2")&) )#2
8(2%"!(2%($&2"'8+A #2 ('+ #)(!&%"=+ )# 2&' %#!-+2+7@&' )# 2& "-;+$8&!"6- : 2&
!+8(-"!&!"6- :A *+$ H2%"8+A #2 #'%@8(2+ )# 2& !$#&%"=")&)A 2& "--+=&!"6- : 2&
!&*&!")&) )# "-"!"&%"=&4J

#>@?@1: >@5=14?V1: 21<1 61: 1641: =121=?@1@>:

%6 6/217-, :<L1 8, :-532-, ./2 Q<88< 21 8< =2Q565>5P6O '29[6 8<1 =5Q2-26721 K-2<1
92,9-KQ5><1 12 /7585R<6 /6,1 / ,7-,1 >-572-5,1O F6>8/1, 129[6 8< ,:565P6 =28 ,-5267<=,-

&(
21>,8<- ./2 /7585R< /6< / ,7-< 72,-L< 1,;-2 1/:2-=,7<>5P6 4 2T592 >-2<75N5=<=V
3,75N<>5P6V 27>O :<-< ><85Q5><- >,3, 1/:2-=,7<=, , =2 <87< ><:<>5=<= < /6 65Y,O

c6< N2R a275./27<=,e >,6 28 >,--21:,6=52672 >2-75Q5><=, ,Q5>5<8 =2 1/:2-=,7<>5P6 , <87<1


><:<>5=<=21V 129[6 8,1 ><1,1V 23:52R< 28 -2>,--5=, :,- 8<1 32=5=<1 2=/><75N<1
21:2>5<821 ./2 :/2=26 2T5175- 26 ><=< K-2< 92,9-KQ5><O "1L :,=23,1 26>,67-<-6,1 >,6
32=5=<1 =2 <=<:7<>5P6 >/--5>/8<-V <>282-<>5P6V >8<121 21:2>5<821 4 >,8295,1 21:2>5<821O

&76>G?7: >:2>=?16>: 21<1 1641: =121=?@1@>:

%3:2R<6=, :,- 28 Q56<8 M<;8<-23,1 =2 8,1 >,8295,1 21:2>5<821 ./2 <>7/<832672 ;-588<6
:,- 1/ </126>5<O G,=, 28 3/6=, 267526=2 ./2 :/2=<6 4 =2;<6 2T5175- >,8295,1
21:2>5<821 :<-< 65Y,1 >,6 9-<N21 =51><:<>5=<=21 QL15><1 , 3267<821O +2-, 8,1 >,8295,1
21:2>5<821 :<-< 1/:2-=,7<=,1 752626 /6< 5632-2>5=< 3<8< :-261<O '2 M<;8< =2
129-29<>5P6V =2 ./2 8,1 65Y,1 12 2=/><-L<6 26 9/27,1 ./2 6, 821 Q<N,-2>2-L<6 6<=< :<-<
28 Q/7/-,V 4< ./2 752626 ./2 <:-26=2- < >,6N5N5- >,6 8,1 =23K1O

'56 23;<-9, 8<1 2T:2-526>5<1 < 65N28 5672-6<>5,6<8 6,1 =5>26 ./2 8,1 65Y,1 =2 <87<
><:<>5=<= ./2 217/=5<6 26 >267-,1 21:2>5<821 6, 752626 6569[6 :-,;823< =2 56729-<>5P6
:,172-5,-V =2 M2>M,V 1/ 2N,8/>5P6 23,>5,6<8 21 ;<17<672 32U,- ./2 8< =2 8,1 65Y,1 ./2
1,6 ,;859<=,1 < >,6N5N5- >,6 1/1 >,3:<Y2-,1 , =2 <./288,1 ./2 1/Q-26 <>,1, 21>,8<- <
>,612>/26>5< =2 288,O

%6 >/<8./52- ><1,V 6,1,7-,1 >-223,1 ./2 =2;2 2T5175- 8< ,:>5P6 =2 8,1 >,8295,1
21:2>5<821 :<-< =<- < 8,1 :<=-21 =2 65Y,1 1/:2-=,7<=,1 8< ,:,-7/65=<= =2 :,=2-
21>,92-O ">7/<832672 6, M<4 :-K>75><32672 6569[6 >,8295, 21:2>5<8 :<-< 1/:2-=,7<=,1
26 6/217-, :<L1 4< ./2 217<3,1 26 /6 3,=28, 56>8/15N,V ./2 ,:7< :,- 56729-<- <8
3KT53, 26 28 267,-6, 2=/><75N, < :21<- =2 8<1 =5Q2-26>5<1O %6 6/217-< ,:565P6V <
32=5=< ./2 8< =272>>5P6 =2 65Y,1 1/:2-=,7<=,1 12 >,6N52-7< 26 <89, M<;57/<8 7<3;506
1/-95-K6 8,1 >,8295,1 21:2>5<821 4 :,=-23,1 >,3:-,;<- 8,1 -21/87<=,1 ./2 4<
>,6,>23,1 26 ,7-,1 :<L121O

&61:>: >:2>=?16>: 7 1G<521D?>A47

%6 2172 ><1, 6, 12 7-<7< =2 >,8295,1 21:2>5<821V :2-, 1L =2 <9-/:<- < 8,1 65Y,1
1/:2-=,7<=,1 26 >8<121 21:2>5<821 <89/6<1 M,-<1 =/-<672 28 M,-<-5, 21>,8<- , ;526 8,1
1K;<=,1 :,- 8< 3<Y<6<O %6 ,7-,1 :<L121 217<1 >8<121 12 =21<--,88<6 26 28 3513, >267-,

&)
21>,8<-V 4< ./2 28 6[32-, =2 <8/36,1 =2 <87<1 ><:<>5=<=21 21 <87, 4 21 Q<>75;82 ,-9<65R<-
<>75N5=<=21 :<-< 9-/:,1 =2 217,1 <8/36,1 =267-, =28 3513, >,8295,O F3<95623,1 <
6/217-, =5-2>7,- =2 >,8295, >,6 fOBBB <8/36,1V >,6 /6< 2N<8/<>5P6 4 ,-5267<>5P6
<=2>/<=< 726=-L< 3K1 =2 CBB 65Y,1 =2 <87<1 ><:<>5=<=21 >,6 N<-5<1 >8<121 21:2>5<821
=267-, =28 3513,O

'56 23;<-9,V <>7/<832672 26 6/217-, :<L1 28 6[32-, =2 <8/36,1 =2 <87< ><:<>5=<=


=272>7<=,1 7,=<NL< 21 3/4 ;<U, 4 8,1 -2>/-1,1 =2=5><=,1 < 1/ 2=/><>5P6 W>8<121
21:2>5<821X 7<3;506 1,6 3L653,1 4 26 1/ 3<4,- :<-72 :-,>2=26 =2 Q/6=<>5,621 4
Q,6=,1 :-5N<=,1O

S,1 :-,9-<3<1 ./2 217K6 Q/6>5,6<6=, 26 <89/6<1 K-2<1 92,9-KQ5><1V 8<3267<;8232672


7,=<NL< 3/4 :,><1V 752626 2T>2826721 -21/87<=,1O S<1 N267<U<1 =2 2172 75:, =2 >/-1,1 1,6
N<-5<1I

%6 :-532- 8/9<- 8<1 N267<U<1 =28 <9-/:<35267, >,6 59/<821O S,1 65Y,1 =2 <87< ><:<>5=<=
217K6 >,6 65Y,1 >,3, 288,1V >,6 8,1 ./2 12 267526=26V >,6 8,1 ./2 :/2=26 =2U<- =2
12675-12 >,3, a28 :<757, Q2,e =2 8< >8<12 4 >,6 8,1 ./2 :,=-K6 M<>2- <3517<=O +,=-K6
2N,8/>5,6<- 23,>5,6<832672 26726=526=, :,- ./0 1,6 =5Q2-26721 =28 -217, :2-, ./2 288,
6, 821 >,6N52-72 26 -<-,1V :/217, ./2 M<4 3/>M,1 ,7-,1 65Y,1 26 1/ 157/<>5P6O

%6 129/6=, 8/9<- 8<1 N267<U<1 =2 =51Q-/7<- =2 /6 307,=, =2 <:-26=5R<U2 =5Q2-2672O %6


2172 75:, =2 >8<121 21 M<;57/<8 7-<;<U<- 26 M<;585=<=21 1,>5<821V 26 >-2<75N5=<= 4 26
=21<--,88, =2 :-,42>7,1 26 2./5:,O %6 -21/326V 6<=< ./2 N2- >,6 8<1 >8<121 6,-3<821
26 8<1 ./2 7,=,1 8,1 65Y,1 159/26 28 3513, -573, 4 8< ><:<>5=<= =2 =21<--,88<- 1/
>-2<75N5=<= 21 3/4 ;<U<O

S,1 65Y,1 =2 <87<1 ><:<>5=<=21 752626 62>215=<=21 21:2>5<821O S<1 >8<121 21:2>5<821 6,
1/1757/426 65 >,3:261<6 8< Q<87< =2 2=/><>5P6 21:2>5<8V :2-, <8 326,1 -2:-21267<6 /6
267,-6, 26 28 ./2 28 65Y, 1/:2-=,7<=, :/2=< 12675-12 32U,- >,6159, 3513, 4 32U,-<-
1/1 M<;585=<=21 23,>5,6<821 4 1,>5<821O '523:-2 -2>,326=<3,1 < 8,1 :<=-21 ./2 1/1
M5U,1 :/2=<6 :<-75>5:<- 26 <>75N5=<=21 >,6 65Y,1 >,3, 288,1 < 7-<N01 =2 8,1 151723<1
:[;85>,1 , ;526 < 7-<N01 =2 >267-,1 :-5N<=,1O

0K# /& *+)")+ )#8+'%$&$ ,(# 2& *&$%"!"*&!"6- )# 2+' '(*#$)+%&)+' #- *$+7$&8&'
#'*#!"&2#' 8#I+$& 2+' 2+7$+' #- #)(!&!"6- )# %+)+' #22+'4 F& #'!(#2& -+ '62+ /& )#
'#$="$ *&$& &*$#-)#$A '"-+A &)#89'A *&$& &*$#-)#$ & *#-'&$4 F+' *$+7$&8&' )#
#-'#N&$ & *#-'&$ '+- -#!#'&$"+'A *(#' !+- #22+' #=")#-!"&8+' 2+' *+%#-!"&2#'
"-%#2#!%(&2#' )# 2+' -"N+'4 D- 2& #'!(#2& '# /& )# #-'#N&$A *+$ %&-%+A I(-%+ &2

'*
&*$#-)">&I# %$&)"!"+-&2A (- &*$#-)">&I# "--+=&%"=+ + 2& .H',(#)& )# *#$'*#!%"=&'
-(#=&'J4 %172;<6 $<6R<6,

"@1241=?JA =5<<?=561< 7 >A<?Z5>=?D?>A47

c6< =2 8<1 <872-6<75N<1 ./2 3K1 QK>5832672 :-,:,626 8,1 >267-,1 21>,8<-21 21 8<
<=<:7<>5P6 >/--5>/8<- , 26-5./2>535267,O %6 9262-<8 >,615172 26 3<67262- <8 65Y, 26 8<
3513< >8<12 26 8< ./2 12 26>/267-<V :2-, =<-82 3<72-5<8 21:2>5<8 :<-< ./2 :/2=<
=21<--,88<- 1/1 <87<1 ><:<>5=<=21O

E21=2 28 :/67, =2 N517< 72P-5>, 217< 32=5=< W>,6 3/>M< <>2:7<>5P6 7<67, :,- 28
>,82>75N, =2 =,>26721 >,3, :,- 28 =2 ,-5267<=,-21 4 <89/6,1 2T:2-7,1 26 <87<1
><:<>5=<=21X 26 8< :-K>75>< 6, 1/282 Q/6>5,6<-O S<1 -<R,621 1,6 N<-5<1I

<X%8 26-5./2>535267, 12 1/282 <:85><- =2 Q,-3< 2--P62<O EK6=,82 3K1 7-<;<U, < 8,1
>M5>,1 =2 <87<1 ><:<>5=<=21V 21 =2>5-V 3K1 =2;2-21 :<-< ><1< 4 3K1 2U2->5>5,1 :<-< >8<12O
%6 2172 ><1, 8, ./2 12 >,6159/2 21 1,;-2><-9<- < 8,1 >M5>,1 >,6 3K1 7-<;<U, ./2 < 8,1
=23K1 4 >,6N2-75- 1/ <87< ><:<>5=<= 26 /6 3,75N, :<-< ./2 12 82 a><1759/2e >,6 3K1
7<-2<1O

;XS,1 :-,Q21,-21 752626 <8/36,1 >,6 =5Q2-26721 62>215=<=21 26 ><=< </8< 4 3/4 :,>,
7523:, =51:,65;82 :<-< =2=5><-82 =2 Q,-3< 56=5N5=/<8 < ><=< /6, =2 8,1 >M5>,1O c6 65Y,
>,6 <87< ><:<>5=<= 26 28 </8< 21 /6 :-,;823< <Y<=5=, :/21 12 =2;26 =512Y<- <>75N5=<=21
21:2>5<821 :<-< 08 4 M<>2-82 /6 129/535267, =5Q2-2672O %8 65Y, 12 >,6N52-72 26 /6<
1,;-2><-9< <=5>5,6<8 =2 7-<;<U, :<-< 8,1 =,>26721 ./2 6, 1523:-2 752626 8< 3,75N<>5P6
62>21<-5< :<-< <1/35-8<O

>XS,1 :-,Q21,-21 M<;57/<832672 6, 752626 Q,-3<>5P6 21:2>LQ5>< 26 <87<1 ><:<>5=<=21V 6,


1<;26 >P3, 7-<7<- < 8,1 >M5>,1 65 >P3, 3,75N<-821O S< Q,-3< ./2 752626 =2 -21:,6=2- <
8,1 217L3/8,1 6, 1523:-2 21 ;526 -2>5;5=< 4V < 326/=,V 1,6 ><1759<=,1V <1LV 26 8/9<- =2
3,75N<-821 821 =213,75N<6O $/>M,1 :<=-21 6,1 M<6 =5>M, ./2 0-+ ,("#$#- ,(# & '( /"I+
2# #%",(#%#-A *+$,(# :& '&.#8+' 2+ ,(# +!($$# )#'*(W'J4

=X!/<6=, 28 26-5./2>535267, >,615172 26 282N<- 28 65N28 =28 >/-1, :<-< 28 >M5>, =2 <87<1
><:<>5=<=21V 0172 217K 26 8< >8<12 :2-, -2<85R<6=, 7<-2<1 =2 >/-1,1 1/:2-5,-21V 8, ./2 82
<L18< 7<3;506 =28 -217, =2 1/1 >,3:<Y2-,1O +,- ,7-< :<-72V >/<6=, 8829< <8 159/52672

'!
>/-1, 6/2N<32672 62>2157< <=<:7<>5P6 4 3<72-5<8 =28 >/-1, 159/52672O !,3,
>,612>/26>5< 3/>M,1 >M5>,1 72-356<6 -2:57526=, =/-<672 N<-5,1 <Y,1 8<1 3513<1
7<-2<1O F6>8/1, 8,1 :-,Q21,-21 8829<6 < =2>5-82 < 8,1 :<=-21 ./2 6, 821 2612Y26 3K1 >,1<1
:<-< ./2 6, N<4<6 :,- =28<672 =2 8,1 =23K1O %6 8/9<- =2 3,75N<-821 4 <653<-821 <
<:-26=2- 26 Q/6>5P6 =2 1/ ><:<>5=<=V 821 Q-26<3,1O

2XH7-< :-K>75>< >,3[6 >,615172 26 ./2 28 65Y, 159< 26 8< >8<12 4 /6 :<- =2 M,-<1 < 8<
123<6< 1<89< =2 8< 3513< >,6 /6 :-,Q21,- 21:2>5<8O %17< 32=5=<V ./2 :/2=2 12-
2T>282672 >,3, -2Q/2-R, :<-< 8,1 >M5>,1 >,6 =51><:<>5=<=V 26 6/217-, ><1, 12 >,6N52-72
26 /6< =517-<>>5P6 3K1V >,6 2Q2>75N5=<= :-K>75><32672 6/8< 26 1/ >/--L>/8/3 4 26 1/
3,75N<>5P6O

'29[6 6/217-< 2T:2-526>5< 8<1 <=<:7<>5,621 >/--5>/8<-21 6, Q/6>5,6<6V 26 8< 3<4,-L< =2


8,1 ><1,1 12 ./2=< 26 /6< 32-< :-,321< =28 >267-, 21>,8<-V :2-, 26 8< :-K>75>< :,- Q<87<
=2 7523:, =28 :-,Q21,-V :,- Q<87< =2 3,75N<>5P6 , =2 Q,-3<>5P6V 28 -21/87<=, 21 ./2 6,
12 882N<6 < ><;,O +2-,V <[6 26 28 ><1, =2 ./2 12 -2<85R<-<6 >,--2>7<32672V 26 6/217-<
,:565P6 8<1 <=<:7<>5,621 >/--5>/8<-21 :/2=26 12- <=2>/<=<1 :<-< 65Y,1 >,6 7<8267,1
21:2>5<821 26 =272-356<=<1 K-2<1V :2-, 6, :<-< 8,1 >M5>,1 =2 <87< ><:<>5=<= 4
1/:2-=,7<=,1O

"=>6><1=?JA 7 _6>R?I?6?]1=?JA

&/217-< 829518<>5P6 :2-3572 8< <>282-<>5P6 =2 M<17< 7-21 >/-1,1 :<-< 65Y,1 =2 <87<1
><:<>5=<=21 =/-<672 8< 27<:< 21>,8<-O E2 M2>M,V 21 /6< 32=5=< ./2 12 M< /7585R<=, 3/4
M<;57/<832672 26 28 :<1<=,V 1/;5- =2 >/-1, < 8,1 3K1 567285926721 :<-< ./2 217/N52126
26 /6 65N28 <=2>/<=,O )<>2 ;<17<6721 <Y,1 2-< 6,-3<8 4 126>588,V 28 :-,:5, :-,Q21,- 8,
M<>L<O

">7/<832672 :-K>75><32672 6, 12 :-,=/>26 <>282-<>5,621 26 6/217-, :<L1O E2 M2>M,


72623,1 3/4 :,>,1 217/=5<6721 1/:2-=,7<=,1 =272>7<=,1V :2-, </6 267-2 017,1V 4 129[6
6/217-< 2T:2-526>5<V 8<1 <>282-<>5,621 6, 8829<-L<6 65 <8 >56>, :,- >5267,O %8 6/8, 5672-01
1,;-2 28 723< 21 7<8 ./2 <>7/<832672 8< <=356517-<>5P6 65 7<6 15./52-< M<>2 :[;85>,1 8,1
=<7,1 217<=L175>,1 1,;-2 2172 M2>M,V 8, ./2 6,1 M<>2 1/:,62- ./2 6, 2T51726O

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-2>,92 26 28 F6Q,-32 &<>5,6<8 G23:827,6 1,;-2 <>282-<>5P6 -21:<8=<=, :,- 8< &<75,6<8

'"
"11,>5<75,6 Q,- g5Q72= !M58=-26 WCX 26 %%ccV 0172 21 28 32U,- 307,=, :<-< ,Q-2>2- 8<
2=/><>5P6 ./2 62>2157<6 8,1 1/:2-=,7<=,1I

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'29[6 6/217-< 2T:2-526>5< 8< <>282-<>5P6 1P8, 75262 N267<U<1 :<-< 8,1 217/=5<6721
1/:2-=,7<=,1I

• S21 ,;859< < 21Q,-R<-12 3K1V < 217/=5<- 3K1 4 2N57< ./2 12 <;/--<6 4 12
=213,75N26O !,6 217, 53:2=53,1 ./2 <8 8829<- < 8< 2612Y<6R< 12>/6=<-5<V , 3K1
7<-=2 < 8< /65N2-15=<=V 8< Q<87< =2 MK;57,1 =2 217/=5, 821 882N2 <8 Q-<><1, 21>,8<-O

• "8 7262- /6< 2=<= 3267<8 1/:2-5,- < 8< =2 1/1 >,3:<Y2-,1V 1/ 726=26>5< 6<7/-<8
21 < M<>2- <359,1 =2 3<4,- 2=<= 4 <>282-<-8,1 21 157/<-821 26 28 8/9<- >,--2>7,V
>,6 >,3:<Y2-,1 >,6 8,1 3513,1 5672-2121 4 >,6 8,1 ./2 :,=-K6 >,3/65><-12
32U,-O

• %N57<3,1 28 -2>M<R, <8 =5Q2-2672 ./2 12 :-,=/>2 Q/6=<3267<832672 >,6 8,1


>,3:<Y2-,1 =2 1/ 2=<= 4V 26 >,612>/26>5<V 3/>M,1 =2 8,1 ><1,1 =2 <>,1,
21>,8<- ./2 7-</3<75R<6 < 3/>M,1 217/=5<6721 1/:2-=,7<=,1O

• '/ 8269/<U2V 323,-5<V ><:<>5=<= =2 <:-26=5R<U2V ><:<>5=<= =2 -<R,6<35267,


8P95>, 1,6 1/:2-5,-21 < 8,1 =2 8,1 65Y,1 =2 1/ 2=<=V 4 15358<-21 < 8,1 =2 8,1 65Y,1
3<4,-21O '/ =21<--,88, 23,>5,6<8 N< 26 8L62< >,6 1/ =21<--,88, 3267<8V 1P8, 821
Q<88< 8< 2T:2-526>5<V :2-, 1/ 9-<6 ><:<>5=<= =2 <:-26=5R<U2 821 :2-3572 <=<:7<-12
3/>M, 32U,- 4 >,3:261<- 21< ><-26>5< >,6 /6< 567285926>5< 1/:2-5,-O

• %6 8<1 -2/65,621 ./2 3<672623,1 >,6 :<=-21 4 :-,Q21,-21 =2 <8/36,1


<>282-<=,1 8< -21:/217< 3K1 >,3[6 21 ./2 8< <>282-<>5P6 M< 15=, :,1575N< :<-< 28
65Y,O

'$
• %1 8< 32=5=< 3K1 126>588< :<-< 8,1 :<=-21 4 7<3;506 :<-< 8,1 :-,Q21,-21 4
>267-,1 21>,8<-21O &, 752626 ./2 882N<- < ><;, :-,9-<3<1 21:2>5<821 :<-< /6
65Y, =267-, =28 </8<V 28 65Y, <>282-<=, 12 56729-< :2-Q2>7<32672 >,6 1/1
>,3:<Y2-,1 =2 3K1 2=<=O

• %8 352=, =2 8,1 :<=-21 < ./2 12< a28 :2./2Y, =2 8< >8<12e 6, 12 ;<1< 26 M2>M,1
>,67-<17<=,1O E2 M2>M, 8< 217<7/-< 21 8, 326,1 -282N<672 267-2 8,1 65Y,1 4
<=,821>26721O S, 3K1 53:,-7<672 21 1/ 217<7/-< 3267<8 4 23,>5,6<8O

• +2-3<62>2- 3K1 <Y,1 26 28 151723< 21>,8<-V >,6 <;/--535267, 4 =213,75N<>5P6


21 /6< :0-=5=< =2 7523:, :<-< 8,1 >M5>,1O \/2 :/2=<6 72-356<- 8< 27<:< 21>,8<-
>,6 3<4,- -<:5=2R 4 >,6756/<- 1/1 217/=5,1 , <>>2=2- < ,7-, 75:, =2 Q,-3<>5P6
21 /6< N267<U< ./2 6, =2;23,1 =21<:-,N2>M<-O

+2-1,6<832672 Q/5 <>282-<=< < 8,1 6/2N2 <Y,1V 156 :-,7,>,8,1V 153:8232672 35
:-,Q21,-< 32 N2L< :-2:<-<=< 4 32 :2-3575P :-21267<-32 < /6< :-/2;< >,6 8< ./2 1/;L
=2 >/-1,O $51 <359<1 1523:-2 2-<6 =,1 , 7-21 <Y,1 3<4,-21 ./2 4, 4 2-<6 >,6 8<1 ./2
32U,- 32 26>,67-<;< 4 6, >,6 1/1 M2-3<6<1 3K1 :2./2Y<1 >,6 8<1 ./2 6, 726L< 6<=<
=2 ./0 M<;8<-O

%6 6/217-, :<L1 :-K>75><32672 6, 2T5172 8< <>282-<>5P6V 4 26 8,1 ><1,1 26 8,1 ./2 12
-2<85R< 21 3<4,-57<-5<32672 =2 /6 1,8, <Y,O %6 %%cc 8,1 >M5>,1 :/2=26 12- <>282-<=,1
N<-5,1 <Y,1 2 56>8/1, 569-21<- 26 :-,9-<3<1 21:2>5<821 26 8< /65N2-15=<=O " =L< =2 M,4V
26 6/217-, ><1, 217< :-K>75>< 21 562T5172672O

!-223,1 ./2 21 3/4 53:,-7<672 =213575Q5><- 28 352=, < 8< <>282-<>5P6 4 Q<>5857<-8< <8
3KT53,O %1 8, ./2 1523:-2 <>,612U<3,1 < 8,1 :<=-21 =2 6/217-,1 :<>526721V 1<;23,1
./2 21 3/4 =5QL>58 >,6 6/217-, 151723< 2=/><75N,V :2-, 21 8< 32U,- 1,8/>5P6 < 32=5, 4
8<-9, :8<R, :<-< 8,1 >M5>,1 1/:2-=,7<=,1O

.>G`A a>A ,7I?A:7AO 65 8<1 21>/28<1 1,6 QK;-5><1 65 8,1 <8/36,1 1,6 :-,=/>7,1O S,1
65Y,1 6, :/2=26 12- >8<15Q5><=,1 :,- aQ2>M< =2 Q<;-5><>5P6eV 21 =2>5-V :,- 2=<=21O 0K"
#'%&8+' "-%#$#'&)+' #- !&8."&$ #2 8+)#2+ #)(!&%"=+A -+ )#.#$@&8+' *#$*#%(&$ (-&
#'%&-)&$">&!"6- *$+*"& )# 2& #$& "-)('%$"&24 F& #)(!&!"6- %"#-# ,(# =#$ !+-
)#'&$$+22&$ '#$#' /(8&-+'A : #2 )#'&$$+22+ /(8&-+ -+ #' 2"-#&2J4

S,1 65Y,1 1/:2-=,7<=,1 752626 /6 =21<--,88, 567282>7/<8 3K1 <N<6R<=, ./2 1/1
>,3:<Y2-,1 4 6, :/2=26 12- 21>,8<-5R<=,1 <726=526=, [65><32672 < 1/ 2=<=O E2;26

'%
12-8, <726=526=, < 1/ ><:<>5=<= 4 ;/1><6=, 1/ 3KT53, =21<--,88, :2-1,6<8O &, 12 7-<7<
=2 129-29<- 156, =2 12- U/17,1V =2U<6=, =2 ><1759<- < 8,1 3K1 ><:<>21 :-2>51<32672 :,-
1/ <87< ><:<>5=<=O

_<1=1:7 >:=761<

+2-, 15 6, 821 M23,1 5=2675Q5><=, < 7523:, 4 M<6 8829<=, < 8< <=,821>26>5< 156 2=/><>5P6
21:2>5<8 p./0 :,=23,1 M<>2- >/<6=, 217<3,1 26 :826< 157/<>5P6 =2 Q-<><1, 21>,8<-q

%8 65Y,V 8,1 :-,Q21,-21 4 8,1 :<=-21 752626 ./2 <6<85R<- 8< 157/<>5P6 < Q,6=,V N2- 15 12
7-<7< =2 /6 :-,;823< =2 3,75N<>5P6 4 ./0 8, ></1< 4 <6<85R<- ./0 =5Q5>/87<=21 75262 :<-<
=21<--,88<- /6< 8L62< =2 7-<;<U, >,6756/<=< =/-<672 7,=, 28 >/-1,O %6 =2Q56575N<V MK;57,1
=2 217/=5, =2 Q,-3< >,617<672 4 ,-9<65R<=< ./2 82 :2-357<6 ,;7262- 8,1 -21/87<=,1
<=2>/<=,1 4 32U,-<- 1/ </7,21753<O %6 8/9<- =2 <7<><-82 >,6 <>/1<>5,621 =28 75:, a6,
N<821 :<-< 6<=<eV a6/6>< 8829<-K1 < 6<=< 26 8< N5=<eV a2-21 /6 N<9,eV 72623,1 ./2
<:,4<-821V M<>2-821 >-22- 26 1L 3513,1 4 26 1/ ><:<>5=<= 4 217<- < 1/ 8<=, :<-< ./2
1/:2-26 28 ;<>M2O

%6 ><1, >,67-<-5, 6,1 26>,67-<-23,1 6/2N<32672 >,6 -2151726>5< 4 Q<87< =2 3,75N<>5P6


>,3, 1<85=< <8 352=, <8 Q-<><1,O "89/6,1 :<=-21 12 26Q-267<6 < 217< 27<:< >,6
<9-215N5=<= M<>5< 1/1 M5U,1V >,3, 15 8,1 >M5>,1 217/N52-<6 217-,:2K6=,821 1/ :8<6 =2
N5=<V 4 26 8/9<- =2 <4/=<-821 7,=<NL< 821 M/6=26 3K1V <82UK6=,821 =2 8< :,15;585=<= =2
26>,67-<- /6< 1<85=< -<>5,6<8 < 1/1 :-,;823<1O

S,1 >M5>,1 >,6 <87< ><:<>5=<= 4 1/:2-=,7<=,1 1,6 M5:2-12615;821 4 12 26>/267-<6 1,8,1
>,67-< 28 3/6=,I :-,Q21,-21V :<=-21V >,3:<Y2-,1 ./2 821 3<87-<7<6 , 821 -2>M<R<6 4
>,6 8< </7,21753< 3/4 ;<U< /65=< <8 Q-<><1, 21>,8<-O S,1 7-<17,-6,1 =28 217<=, =2 K653,
1,6 6,-3<821 26 217< 27<:< 4 :2859-,1,1 56>8/1, :<-< 1/ :-,:5< 56729-5=<= QL15><O

"89/6,1 153:8232672 12 26>52--<6 26 1L 3513,1 4 1,;-2N5N26 < =/-<1 :26<1V :2-, ,7-,1
;/1><6 1<85=<1 ./2 821 :2-357<6 32U,-<- 1/ 217<=, =2 K653,V >,6 6/2N,1 <359,1 ./2 12
-2;28<6 >,67-< 28 151723<V ./2 7<3:,>, 217/=5<6V >,6 =-,9<1V >,6 <8>,M,8 2 56>8/1, :-2v
=2856>/26721O '29[6 6/217-< 2T:2-526>5< 26 >,61/87< 3/>M,1 >M5>,1 1/:2-=,7<=,1 M<6
26>,67-<=, 8< 1<85=< < 1/1 Q-/17-<>5,621 26 8,1 ><6<821 56<=2>/<=,1 :,-./2 65 28 151723<
2=/><75N, 65 1/ Q<3585< M<6 1<;5=, =<-821 28 <:,4, 62>21<-5,O

'5 >,6129/53,1 ./2 267526=<6 1/1 :-,;823<1V 15 821 <:,4<3,1 7<67, 26 28 K3;57,
Q<3585<- >,3, 26 28 21>,8<-V 15 7-<;<U<3,1 26 1/ </7,21753< 4 1/ 3,75N<>5P6V 12-K

'&
:,15;82 -2>,6=/>5-821 4 ./2 -2>/:2-26 28 7523:, :2-=5=, 4< ./2 1/1 ><:<>5=<=21 =2
<:-26=5R<U2 1,6 2T7-<,-=56<-5<1O

E2;23,1 =217<><- 7<3;506 8< 2T>2:>5,6<8 ><:<>5=<= 323,-L175>< ./2 <89/6,1


1/:2-=,7<=,1 4 >M5>,1 =2 <87< ><:<>5=<= 752626O !/<6=, M<>23,1 8<1 :-/2;<1 =2
567285926>5<V 1,823,1 M<>2- N<8,-<>5,621 =2 323,-5< 4 >,6 Q-2>/26>5< 1,6 1/:2-=,7<=,1
7<3;506 26 217< ><:<>5=<=V 8, ./2 M<>2 ./2V 15 752626 5672-01 4 15 217K6 3,75N<=,1V
:/2=<6 <:-26=2- =2 Q,-3< -K:5=< 4 1,-:-26=2672 4 1/:2-<- 28 Q-<><1, 21>,8<-O

'29[6 6/217-< 2T:2-526>5< >,6 <=,821>26721 26 :,>,1 32121 12 23:52R<6 < 12675-
3/>M, 32U,- >,6159, 3513,1V <:-26=26 < <>2:7<-12V < 26726=2- 8<1 =5Q2-26>5<1 267-2
288,1 4 8,1 =23K1 4 < =512Y<- 1/1 :-,:5,1 ,;U275N,1 N57<821 4 :,- 8, 7<67, <
</7,3,75N<-12O c6< N2R >,6129/5=, 217, >,6 28 <:,4, Q<3585<- 1<826 <=28<672 4 1/:2-<6
28 Q-<><1, 21>,8<-O

!1 >:=5>61 ?@>16

" 326/=, 8,1 :<=-21 6,1 :-29/67<6 < ./0 75:, =2 >,8295, :/2=26 882N<- < 1/1 M5U,1O
!,3, >,3267<3,1V <>7/<832672 <:26<1 M<4 >267-,1 21:2>5<821 :<-< 1/:2-=,7<=,1 , 6,
217K6 <8 <8><6>2 =2 7,=,1 8,1 :<=-21V :,- 8, ./2 8< :-29/67< 75262 =5QL>58 -21:/217<O

%6 >/<8./52- ><1, 8,1 >,8295,1 5=2<821 :<-< 1/:2-=,7<=,1V 1523:-2 129[6 6/217-<
2T:2-526>5<V 12-K6 <./288,1 26 8,1 ./2 8,1 65Y,1 6, 12 2=/./26 :,- 2=<=21 156, :,-
><:<>5=<=21V 26 8,1 ./2 :/2=<6 56N21759<- :<-< <:-26=2-V 26 8/9<- =2 1P8, 21>/>M<- 28
=5>7<=, 4 8< 7,3< 32>K65>< =2 6,7<1V 26 8,1 ./2 :/2=<6 <:-26=2- =21<--,88<6=,
:-,42>7,1 >,6>-27,1 26 2./5:, >,6 ,7-,1 65Y,1 >,6 7<8267,1 4 ><:<>5=<=21 15358<-21 <
8<1 1/4<1V 26 8,1 ./2 12 Q,32672 1/ >-2<75N5=<= 4 1/1 M<;585=<=21 21:2>5<821 4 26 8,1 ./2
:/2=<6 =21<--,88<- 1/1 :-,:5,1 5672-2121 <=23K1 =2 >/3:85- 8<1 2T:2>7<75N<1 =2
>,3:2726>5<1 =2 ><=< >/-1,O

%6 -21/326V /6< 21>/28< =5Q2-2672V 26 8< ./2 8, 53:,-7<672 12<6 8,1 65Y,1V ><=< 65Y, 26
:<-75>/8<-V 4 6, 28 3<72-5<8V 8<1 >,3:2726>5<1 , 28 >/--L>/8/3O %6 8<1 ./2V 56151753,1V 12
>8<15Q5./2 < 8,1 65Y,1 6, :,- 2=<=21 156, :,- ><:<>5=<=21O c6< 21>/28< ./2 :2-357<
=21<--,88<- 7,=,1 8,1 7<8267,1 4 7,=<1 8<1 567285926>5<1V 26 8/9<- =2 3<7<-8,1 >,3,
<>7/<832672 ,>/--2 >,6 8,1 >M5>,1 1/:2-=,7<=,1 4 =2 <87< ><:<>5=<=O c6< 21>/28< ./2
:/2=2 12- 7<6 NK85=< :<-< 6/217-,1 >M5>,1 =2 <87< ><:<>5=<= 567282>7/<8 >,3, :<-<
>/<8./52-< >,6 7<8267,1 21:2>5<821 :<-< 8< 3[15><V 28 <-72V 28 72<7-,V 27>O c6 21>/28< 26 8<
./2 ><=< 65Y, :/2=< 26>,67-<- 1/ a2823267,eO WDX

''
W?X %172;<6 $<6R<6,I S,1 65Y,1 1/:2-=,7<=,1I /6< <:-,T53<>5P6 < 1/ -2<85=<=
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BkC L#- d+."-'+-4 D2 #2#8#-%+

&1234567 M9 $?1GAJ:4?=7: ><<JA>7: @> 61 :52><@741=?JA

S,1 :-,;823<1 <1,>5<=,1 < 8< 1/:2-=,7<>5P6 7,=<NL< 1,6 =21>,6,>5=,1 :<-< 3/>M,1
:-,Q215,6<821 =2 8< :15>,8,9L<V 8< :15./5<7-L< 4 =21=2 8/29, :<-< 8,1 :<=-21V :-,Q21,-21 4
,-5267<=,-21O

!/<6=, /6 >M5>, 23:52R< < =<- :-,;823<1 26 >8<12 , 26 28 M,9<- 4 23:52R< <
3<65Q217<- 1L67,3<1 =2 6, 12675-12 Q285RV =2 6, 12675-12 ;526V 8,1 :<=-21V < N2>21
<>,612U<=,1 :,- 28 >267-, 21>,8<-V 4 8< 3<4,-L< :,- :-,:5< 565>5<75N<V 12 :-2,>/:<6 :,-
8< 2N,8/>5P6 =2 1/1 M5U,1O " :<-75- =2 212 3,3267, 8,1 :<=-21 >,3526R<6 /6< 8<-9<
<6=<=/-< ./2 821 882N< =2 :-,Q215,6<8 26 :-,Q215,6<8I 7/7,-21V ,-5267<=,-21V :15./5<7-<1V
62/-P8,9,1V :15>P8,9,1j

S,1 =5<96P175>,1 ./2 8829<6 < 6/217-< >,61/87< =2 65Y,1 2N<8/<=,1 :,- ,7-,1
:-,Q215,6<821 1,6 =2 8, 3K1 N<-5<=,V 4 26 9262-<8 65 7<6 15./52-< 12 821 M< 1/92-5=, < 8,1
:<=-21 8< :,15;585=<= =2 ./2 1/ M5U, 12< =5Q2-2672V ./2 7269< <87< ><:<>5=<=O

S,1 >M5>,1 1/2826 8829<- 32=5><=,1 :<-< 28 G-<17,-6, =2 )5:2-<>75N5=<= , E0Q5>57 =2


"726>5P6V >,6 =5<96P175>, =2 G-<17,-6, &29<75N517< E21<Q5<672V >,6 G-<17,-6, =2
%N57<>5P6V Z,;5< ',>5<8 , Z,;5< %1>,8<-V G-<17,-6, H;1215N, !,3:/815N,V E2:-215P6V
"6152=<=V 4 /6 8<-9, 27>072-<O

%6 <89/6,1 ><1,1 =5>M,1 7-<17,-6,1 1,6 -2<821 4 1/ ,-5926 217K 26 8< :-,:5<
1/:2-=,7<>5P6V 4 26 ,7-,1 8,1 1L67,3<1 12 <U/17<6 <8 >,3:,-7<35267, =28 65Y, 26 :<-72V
:2-, 6, 217K6 ;526 =5<96,175><=,1O

]2<3,1 26 ./0 12 ;<1<6 <89/6,1 =5<96P175>,1 4 :,- ./0 28 >,3:,-7<35267, =2 6/217-,1


>M5>,1 882N< < 2--,- < 3/>M,1 :-,Q215,6<821O

$?1GAJ:4?=7 @> *<1:47<A7 27< @XT?=?4 @> 14>A=?JA =7A Y?2><1=4?V?@1@

'(
'29[6 28 $<6/<8 E5<96P175>, 4 %17<=L175>, =2 8,1 G-<17,-6, $267<821 E'$ F]V 2T51726
/6< 12-52 =2 >-572-5,1 :<-< 28 =5<96P175>, =2 G-<17,-6, :,- =0Q5>57 =2 <726>5P6 >,6
M5:2-<>75N5=<=I

?O " 326/=, 6, :-217< <726>5P6 1/Q5>52672 < 8,1 =27<8821 , 56>/--2 26 2--,-21 :,-
=21>/5=, 26 8<1 7<-2<1 21>,8<-21V 26 28 7-<;<U, , 26 ,7-<1 <>75N5=<=21

CO " 326/=, 75262 =5Q5>/87<=21 :<-< 3<67262- 8< <726>5P6 26 7<-2<1 , 26 <>75N5=<=21
8[=5><1O

DO " 326/=, :<-2>2 6, 21>/>M<- >/<6=, 12 82 M<;8< =5-2>7<32672

fO " 326/=, 6, 159/2 5617-/>>5,621 4 6, Q56<85R< 7<-2<1 21>,8<-21V 26><-9,1V /


,;859<>5,621 26 28 >267-, =2 7-<;<U, W6, 12 =2;2 < >,3:,-7<35267, 629<75N517< , <
56><:<>5=<= :<-< >,3:-26=2- 5617-/>>5,621XO

mO " 326/=, 75262 =5Q5>/87<=21 :<-< ,-9<65R<- 7<-2<1 4 <>75N5=<=21

@O " 326/=, 2N57<V 82 =519/17< , 21 -26/2672 26 >/<67, < =2=5><-12 < 7<-2<1 ./2
-2./52-26 /6 21Q/2-R, 3267<8 1,17265=, W>,3, 7-<;<U,1 21>,8<-21 , =,30175>,1X

kO " 326/=, 2T7-<NL< ,;U27,1 62>21<-5,1 :<-< 7<-2<1 , <>75N5=<=21 W:O 2UO U/9/2721V
2U2->5>5,1 21>,8<-21V 8K:5>21V 85;-,1 , M2--<35267<1XO

hO " 326/=, 12 =517-<2 QK>5832672 :,- 217L3/8,1 5--282N<6721O

iO " 326/=, 21 =21>/5=<=, 26 8<1 <>75N5=<=21 =5<-5<1

'5 <6<85R<3,1 >,6 =2726535267, 8< 8517< =2 >-572-5,1 =28 E'$ F] ./2 53:85><6 Z<87< =2
"726>5P6V ,;12-N<3,1 ./2 8,1 :<-K327-,1 ./2 12 /7585R<6 1,6 <;1,8/7<32672 7L:5>,1 26
8,1 1/:2-=,7<=,1O %6 9262-<8 8,1 1/:2-=,7<=,1 752626 /6< <87L153< ><:<>5=<= =2
<;17-<>>5P6V 8, ./2 53:85>< ./2 :/2=26 217<- 1/32-95=,1 26 1/1 :261<35267,1 26
32=5, =2 >/<8./52- ,7-< <>75N5=<= 156 ./2 217, 821 :2-7/-;2 1/ Q8/5=2R 3267<8 4 156
2672-<-12 =2 8, ./2 1/>2=2 < 1/ <8-2=2=,-O

"M,-< 53<95623,1 < /6 >M5>, 1/:2-=,7<=, 26 /6< >8<12 26 8< >/<8 1/ <;/--535267, 21
26,-32V 26 8< ./2 7,=, 8, ./2 28 :-,Q21,- >/267< 4< 12 8, 1<;2V 4 8<1 7<-2<1 1,6
-2:27575N<1 4 3,6P7,6<1 =L< 7-<1 =L<O %8 65Y, 12 1/32-92 26 1/1 :261<35267,1 4 <:26<1
:-217< <726>5P6 < 8<1 7<-2<1 =2 >8<12 , 35267-<1 12 82 217K M<;8<6=,V 12 =517-<2
QK>5832672 4 12 ,8N5=< =2 72-356<- 1/1 7-<;<U,1 , :<1< =2 017,1 :,-./2 82 <;/--26O

')
H7-, -21/87<=, <Y<=5=, < 8, <672-5,- 21 8< 9-<6 ><:<>5=<= =2 =21:5172V 8< 9-<6 ><:<>5=<=
=2 5- :261<6=, 26 1/1 >,1<1 4 >,3, >,612>/26>5< ,8N5=<- 1/1 8K:5>21V 1/1 >/<=2-6,1V 8<
3,>M58< 26 >/<8./52- 1575, , 5- < >8<12 >,6 ><8>275621 =2 =5Q2-2672 >,8,- , 8,1 >,-=,621
156 <7<-O

%1 >,6,>5=, 28 7P:5>, =28 a9265, =21:517<=,eV 28 :2-1,6<U2 ./2 <8 217<- 1523:-2
:261<6=, 26 1/1 :-,;823<1 3<723K75>,1V QL15>,1 , >/<8./52- ,7-< 3<72-5< ./2 2170
56N21759<6=,V :/2=2 217<- >26<6=, 26 /6< 321< 4 6, 2672-<-12 =2 8< >,6N2-1<>5P6V
:,62-12 ><8>275621 =2 =5Q2-2672 >,8,-V ,8N5=<-12 =2 >,32-V 6, 1<8/=<- < >,6,>5=,1 4
Q<3585<-21 :,- 8< ><882V 4V 26 8,1 ><1,1 3K1 2T7-23,1V M<17< :2-=2-12 26 8< >5/=<=
1/32-95=, 26 1/1 28/>/;-<>5,621O E2 65Y, 7<3;506 2-< =21:517<=,V ,8N5=<=5R, 4
:-217<;< <726>5P6 [65><32672 < 8, ./2 82 5672-21< =2 N2-=<=O

$/>M,1 65Y,1 =5<96,175><=,1 >,6 Q<87< =2 <726>5P6 N52626 < 6/217-< >,61/87< 4 821
-2<85R<3,1 /6< N<8,-<>5P6 =2 567285926>5<O +<-< 288, 1,6 ><:<>21 =2 :<1<-12 M,-<1
7-<;<U<6=, 156 :2-=2- /6 =27<882V /6< :<8<;-< , =21:517<-12 26 /6 =5;/U,O S< -<RP6 21
./2 1L 821 5672-21< 8, ./2 821 217<3,1 :-,:,6526=, 4 1/ <726>5P6 21 3KT53< 26 212
3,3267,O

%17< 21 8< >8<N2 :<-< =517569/5-8,1O '5 <89, 82 5672-21< 28 65Y, 21 ><:<R =2 :-217<- 7,=< 1/
<726>5P6V M<>2- ;526 8< 7<-2< 4 6, =21:517<-12 26 <;1,8/7,O S, ./2 72623,1 =28<672 6, 21
/6 >M5>, >,6 :-,;823<1 =2 <726>5P6V 21 /6 1/:2-=,7<=, ./2 >/<6=, 12 <;/--2 217K
:261<6=, 26 1/1 >,1<1V 1/32-95=, 26 1/ :-,:5, 3/6=,V 4 >,3, >,612>/26>5< :<1< =2
7,=, 8, ./2 6, 82 -21/87< 5672-21<672O

$?1GAJ:4?=7 @> L?2><1=4?V?@1@C%D256:?V?@1@

"6<85>23,1 <M,-< 8,1 1L67,3<1 =2 8< )5:2-<>75N5=<=vF3:/815N5=<= >,6 3K1 =27<882O

?O " 326/=, 3/2N2 26 2T>21, 3<6,1 , :521V , 12 -23/2N2 26 1/ <15267,O


CO " 326/=, <;<6=,6< 1/ <15267, 26 8< >8<12 , 26 ,7-<1 157/<>5,621 26 ./2 12 21:2-<
./2 :2-3<62R>< 1267<=,O
DO " 326/=, >,--2 , 1<87< 2T>215N<32672 26 157/<>5,621 26 ./2 21 56<:-,:5<=, M<>2-8,
W26 <=,821>26721 , <=/87,1 :/2=2 85357<-12 < 1267535267,1 1/;U275N,1 =2 56./527/=XO
fO " 326/=, 75262 =5Q5>/87<=21 :<-< U/9<- , =2=5><-12 7-<6./58<32672 < <>75N5=<=21 =2
,>5,O
mO " 326/=, l217K 26 3<->M<l , 1/282 <>7/<- >,3, 15 7/N52-< /6 3,7,-O
@O " 326/=, M<;8< 26 2T>21,O F3:/815N5=<=O

(*
kO " 326/=, :-2>5:57< -21:/217<1 <6721 =2 M<;2- 15=, >,3:827<=<1 8<1 :-29/67<1O
hO " 326/=, 75262 =5Q5>/87<=21 :<-< 9/<-=<- 7/-6,O
iO " 326/=, 5672--/3:2 , 12 56351>/42 26 8<1 <>75N5=<=21 =2 ,7-,1 W:O 2UO 12 267-,3272
26 >,6N2-1<>5,621 , U/29,1XO

&/2N<32672 7,=,1 8,1 1/:/217,1 1L67,3<1 1,6 7L:5>,1 =2 8,1 1/:2-=,7<=,1O

%6 9262-<8 8,1 1/:2-=,7<=,1 1,3,1 M5:2-<>75N,1 3267<821V 26726=526=, M5:2-<>75N, 6,


>,3, /6 :-,;823< 3267<8 156, >,3, /6< 32=5=< =2 6/217-< <>75N5=<= 3267<8O &/217-,
>2-2;-, 1523:-2 217K 26 3<->M<V 1523:-2 217K Q/6>5,6<6=, 9262-<6=, 6/2N<1 5=2<1 4
:261<35267,1V >,3, 28 =2 7,=, 28 3/6=,V :2-, 26 6/217-, ><1, < /6< N28,>5=<= 3/>M,
3<4,-O

E2 M2>M, /6< =2 8<1 ><-<>72-L175><1 >,3/621 =2 8,1 1/:2-=,7<=,1 21 28 >,3267<-5, =2


a./2 6/217-, 3,856272 3267<8 6, :<-<eV 8< 1261<>5P6 =2 <9,;5, ./2 72623,1 =2 217<-
1523:-2 >,6 8< 32672 26 3<->M< 156 ./2 017< 6,1 :2-357< -28<U<-6,1V M<17< 28 :/67, =2
53:2=5-6,1 28 1/2Y,O %6 -21/326V 6/217-< 32672 1L 21 M5:2-<>75N<V 1523:-2 217K
3<./56<6=, 4 9262-<6=, 6/2N<1 5=2<1O

"M,-< 53<95623,1 < /6 65Y, 1/:2-=,7<=,V >,6 /6< 32672 3/4 56./527<V 1267<=,
=/-<672 M,-<1 26 /6< >8<12 26 8< ./2 12 <;/--2O '5 28 65Y, 21 =2 ><-K>72- 7-<6./58, ./5RK1
12 >,6Q,-3<-K >,6 217<- 26 1/ 3/6=,V N5N526=, 26 1/1 261,Y<>5,621 4 156 2672-<-12 =2
6<=<V :2-, 15 75262 /6 ><-K>72- 3K1 56./527,V 15 21 3K1 <>75N, QL15><32672V 28
<;/--535267, 82 882N<-K < ./2-2- M<>2- >,1<1V < 5672--/3:5- <8 :-,Q21,-V < 3,8217<- < 1/1
>,3:<Y2-,1 4V 26 =2Q56575N<V < >,6N2-75-12 26 /6 2823267, :2-7/-;<=,- 26 8< >8<12O

S,1 1/:2-=,7<=,1 :5261<6 3K1 -K:5=,V :-,>21<6 3K1 -K:5=,V 4 1,6 65Y,1O '5 /6 65Y,
6,-3<8 21 56./527,V -2;28=2V M<;8<=,-V /6 1/:2-=,7<=, 21 8, 3513, :2-, </3267<=, 26
/6 7-2567<V /6 >/<-267< , /6 >56>/267< :,- >5267,V 26 Q/6>5P6 =2 1/ >,>52672 567282>7/<8O
"=23K1 21 3/4 56728592672 4 6, <>2:7< >,3, ;/26<1 8<1 ,;12-N<>5,621 =28 :-,Q21,-O

S< 1,8/>5P6 3K1 >,3[6 W4 2--P62<X 21 32=5><-8, :<-< 8< M5:2-<>75N5=<=O "1L 28 65Y, 12
./2=< 7-<6./58, 26 >8<12V :-217< 3K1 <726>5P6V 4 8,1 :<=-21 4 :-,Q21,-21 :/2=26 N,8N2- <
N5N5-O

+/2=26 :<1<- 3/>M,1 <Y,1 M<17< ./2 < 8,1 :<=-21 12 821 ,>/--< N<8,-<- 8< 567285926>5<
=2 1/ M5U,V :2-, >/<6=, 8, M<9<6V >,3:-26=2-K6 ./2 8,1 1L67,3<1 =2 1/ M5U, 6, 1,6
:-,:5,1 =2 /6< 26Q2-32=<= 3267<8V 156, ./2 1P8, 12 <;/--2 26 >8<12 4 62>2157<
<>75N5=<=21 3267<821 4 =2 <:-26=5R<U2 ./2 6, 217K -2>5;526=,z >,3, >,612>/26>5< 12
=21:517<V 6, :-217< <726>5P6 , 3,8217< 2 5672--/3:2 < 7,=,1 :<-< =517-<2-12O

(!
S< 3<4,-L< =2 65Y,1 1/:2-=,7<=,1 6, =5<96,175><=,1 , =5<96,175><=,1 ./2 6, 217K6
-2>5;526=, 2=/><>5P6 21:2>5<8 12 <;/--26 26 >8<12O !/<6=, 8,1 =23K1 65Y,1 62>2157<6
N<-5<1 -2:275>5,621 :<-< /6 3513, 723<V 288,1 8, ><:7<-K6 < 8< :-532-< 15 821 5672-21< 4
=21:/01 12 <;/--5-K6O

0Q&$@& %"#-# p &N+' : (- 5P )# ^ihA 2+ ,(# '(*+-# ,(# '( #)&) 8#-%&2 #' )# a &N+'
!(8*2")+'4 D'%9 #- #)(!&!"6- "-;&-%"2A /&!"#-)+ ;"!/&' !+- 2+' -"N+' )# '( #)&)4

Q&$%& 8"$& 2& ;"!/&A !+7# #2 29*"> : #- ^h 8"-(%+' /& %#$8"-&)+ #2 %$&.&I+4 O#'*(W' '#
,(#)& 8"$&-)+ & 2+' -"N+' )# &2 2&)+ : '# &.($$#4 K# "8*&!"#-%& : '# 2#=&-%&A =& &
+%$& )# 2&' 8#'&' : '# *+-# & /&.2&$ !+- +%$+' -"N+'4 P-%#$$(8*# '( %$&.&I+4

F& *$+;#'+$& 2& +.2"7& & '#-%&$'# )# -(#=+ : #-%+-!#' #8*"#>& & 8+=#$ 2+' *"#'
"8*&!"#-%#A *")# *#$8"'+ *&$& "$ &2 2&=&.+A '# =(#2=# & '#-%&$ : & 2& 8#-+$
+*+$%(-")&) =(#2=# & 2#=&-%&$'# : & "-%#$$(8*"$ 2& !2&'# !+- &27(-& +.'#$=&!"6-4

F& *$+;#'+$& -+ '&.# !68+ !+-%$+2&$2& : 2# /& )"!/+ & 2+' *&)$#' ,(# ,(">9' %#-)$@&-
,(# 22#=&$2& & (- *'"!62+7+ ,(# 2& +$"#-%#4

3#$+ W'%+' %&8."W- #'%9- #'%$#'&)+' !+- #22&4 1 '(' !"-!+ &N+' #' (-& 89,("-& )#
/&!#$ *$#7(-%&' : )# *#)"$ &%#-!"6-4 S#!#'"%& I(#7+' !&)& =#> 89' !+8*2#I+' : #-
!(&-%+ 2+' $#'(#2=# '# &.($$# : *")# 89'4

1 2+' k &N+' #8*#>6 & /&!#$ *(>>2#' )# !&'" shh *"#>&' : !(&-)+ 2+' '&.@& /&!#$ )#2
)#$#!/+A 2#' )&.& 2& =(#2%& : 2+' /&!@& )#2 $#=W'A '"- 2+' )".(I+'4 c"#-# (-& &(%W-%"!&
!+2#!!"6- #- '( !&'& : 2+' *&)$#' :& -+ '&.#- ,(W /&!#$ *&$& #-%$#%#-#$2& : ,(# '#
#'%W ,("#%&4

5(&-)+ #'%9 !&-'&)& + -+ 2& )#I&- 8+=#$'# #-%+-!#' '# &@'2& #- '( 8(-)+ "-%#$"+$ :
'# *+-# & *#-'&$ #- '(' !+'&'4 1 =#!#' 2+' !+8*&N#$+' + 2& *$+;#'+$& 2# #'%9-
/&.2&-)+ : -+ #'!(!/&A *&$#!# ,(# #'%9 #- +%$+ 8(-)+40

$<-7< 75262 <87<1 :-,;<;585=<=21 =2 12- =5<96,175><=< >,6 /6 G-<17,-6, :,- E0Q5>57 =2
"726>5P6 >,6 )5:2-<>75N5=<= 4 32=5><=< 26 >,612>/26>5<O E2 M2>M, 1/1
>,3:,-7<35267,1 1,6 3/4 15358<-21 < 8,1 =2 8,1 65Y,1 ./2 1/Q-26 2172 7-<17,-6,V :2-,
$<-7< 6, 75262 6569[6 75:, =2 7-<17,-6,O 'P8, 12 <;/--2V 1/ >2-2;-, 62>2157< 3K1
21753/8<>5P6 ./2 8< ./2 8,1 :<=-21 4 :-,Q21,-21 82 217K6 =<6=, =2 <>/2-=, < 1/1 >56>,
<Y,1V 62>2157< /6< <726>5P6 <=2>/<=< < 1/1 62>215=<=21 >,3, 1/:2-=,7<=<O

p\/0 M<>2 /6 65Y, <;/--5=, 1267<=, 26 >8<12V ,;859<=, < 6, 3,N2-12 =/-<672 M,-<1q '2
:,62 < :261<- 26 1/1 >,1<1 , < 3,8217<- < 8,1 =23K1O

("
%6 28 :-532- ><1, :/2=26 217<- <;1,8/7<32672 <;17-<L=,1 =/-<672 8< >8<12V 156 2672-<-12
>/<6=, 28 :-,Q21,- 821 M<>2 /6< :-29/67< , >/<6=, /6 >,3:<Y2-, 821 M<;8<O S< 282N<=<
><:<>5=<= =2 <;17-<>>5P6 21 7L:5>< 26 8,1 1/:2-=,7<=,1V 7<67, 26 65Y,1 >,3, 26 <=/87,1V
4 8,1 :-532-,1 8, 3<65Q5217<6 :261<6=, 26 8<1 a3/1<-<Y<1e 4 35-<6=, <8 72>M, , <
<89[6 :/67, 56=2Q565=, 26 8< N267<6<O %Q2>75N<32672 :-21267<6 Q<87< =2 <726>5P6 W:2-,
56151753,1V 6569[6 75:, =2 7-<17,-6,XO

%6 28 129/6=, ><1,V <672 8< 56><:<>5=<= =2 <726=2- 4 :<-< 6, <;/--5-12 12 ;/1><6


=517-<>>5,621 <872-6<75N<1V 6, <>2:7<=<1 26 28 267,-6, =2 8< >8<12V ./2 1/2826 72-356<-
>,6 /6< -2:-5326=< , /6 ><1759, 4 1/ >,3:,-7<35267, :/2=2 >,6Q/6=5-12 >,6
M5:2-<>75N5=<=O

" 217, 12 /62 ./2 217,1 65Y,1 :/2=26 =213,75N<-12V 6, M<>2- 1/1 7<-2<1 2 56>8/1,
-2;28<-12 >,67-< 8<1 P-=2621 =28 :-,Q21,-O !,3, 28 -26=535267, 21 ;<U,V 8, [8753, ./2
:5261<6 8,1 =,>26721 21 ./2 28 65Y, :/2=< 7262- <87< ><:<>5=<=O &,V 8, 3K1 126>588, 21
:261<- ./2 0172 75262 :-,;823<1 =2 >,3:,-7<35267,O +/2=2 72-356<- 26 /6 :15./5<7-<
./2 82 =5<96,175><-K Q<87< =2 <726>5P6 , M5:2-<>75N5=<= 4 82 32=5><-K 26 >,612>/26>5<V
156 M<;2-82 M2>M, /6< :-/2;< =2 567285926>5<O

!/<6=, 26 28 K3;57, 21>,8<- 6,1 26>,67-<3,1 >,6 65Y,1 =5Q2-26721V 8,1 217K6=<-21 =2
<>7/<>5P6 6, 1523:-2 1,6 NK85=,1O

%5617256 Q/2 /6 217/=5<672 32=5,>-2 4V 156 23;<-9,V 12 >,6N5-75P 26 28 >5267LQ5>, 3K1


N<8,-<=, =28 1598, ||O E21:/01 =2 3,-5- 1/ >2-2;-, 12 56N21759P 4 12 =21>/;-5P ./2 82
Q<87<;< 8< Q51/-< =2 '58N5,V /6< 9-<6 M26=5=/-< ./2 2T5172 26 28 >2-2;-, 4 ./2 12:<-<
N515;8232672 28 8P;/8, 723:,-<8 =28 >2-2;-, :<-527<8O %6 1/ ><1, 28 >5267LQ5>, 726L< 217<
R,6< ,>/:<=< :,- 62/-,6<1V 62/-,6<1 2126>5<821 26 28 :-,>21, N51/<8 4 21:<>5<8O '/
><:<>5=<= >2-2;-<8 2-< 3/4 1/:2-5,- < 8< =2 8<1 :2-1,6<1 6,-3<821 4 156 23;<-9, 6, 2-<
><:<R =2 129/5- 8<1 2T:85><>5,621 =28 :-,Q21,-O

0D- 2& &!%(&2")&)A (-+ )# 2+' )"&7-6'%"!+' )";#$#-!"&2#' 89' ;$#!(#-%#' ,(# #'
-#!#'&$"+ $#&2">&$ #' #2 c$&'%+$-+ *+$ OW;"!"% )# 1%#-!"6- !+- ?"*#$&!%"=")&)4 D'%#
%#8& #' 8(!/+ 89' 8&$!&)+ #- 2+' -"N+' '(*#$)+%&)+'A :& ,(# '( !+-)(!%& 8(:
"-%#-'& : !+- 7$&- !($"+'")&)A & 8#-()+ #E&!#$.&)&' *+$ 2& ;&2%& )# 8+%"=&!"6- #-
!2&'#A *(#)#- '"8(2&$ (- cO1? : '#$ '(8&8#-%# #E&'*#$&-%#' *&$& 2+' 8&#'%$+'A 2&'
8&#'%$&' : *&$& 2+' *$+*"+' *&)$#'4J Bd+."-'+- : `2'>#\']"RL(."2"('A ^__aC4

0D2 #-+$8# "-%#$W' *+$ %#8&' !+-!$#%+' : 2&' )";"!(2%&)#' )# '#7("8"#-%+ )# 2&' !2&'#'A
(-")&' !+- #2 )W;"!"% & 2& /+$& )# '&.#$ $#2&!"+-&$'# !+- '(' "7(&2#'A '+-A !+-
;$#!(#-!"&A !+8(-#' & 2+' -"N+' !+- '+.$#)+%&!"6- "-%#2#!%(&2 : & 2+' -"N+' !+- cO1?A
(#
'"#-)+ !&('& )# !+-;('"6- #- 2+' *&)$#' : #)(!&)+$#'J4 l+2&-)& )# [#-"%+ 4 TDE"'%#-
2+' '(*#$)+%&)+'U ^___

p%17K6 6/217-<1 21>/28<1 :-2:<-<=<1 :<-< 8,1 65Y,1 =5Q2-26721q &,V 12 1/2826 -21,8N2-
8,1 :-,;823<1 =2 017,1 =2 8< Q,-3< 3K1 126>588<V 32=5>K6=,821V 26 8/9<- =2 56N21759<-
>/K8 21 28 N2-=<=2-, ,-5926 =2 1/ =5Q2-26>5< 4 ./0 62>2157<6O &,1 :-29/67<3,1 15 M,4 28
:2./2Y, %5617256 6, 217<-L< 1526=, 32=5><=, >,3, /6 65Y, >,6 GE") :<-< 1,8/>5,6<-
8,1 :-,;823<1 ./2 82 :-,N,><;<6 1/ <;/--535267, 4 1/ 62>215=<= =2 <:-26=2- 3K1O

$?1GAJ:4?=7 @>6 *<1:47<A7 (>G14?V?:41 $>:1T?1A4>

!-572-5,1 :<-< 28 =5<96P175>, =28 G-<17,-6, &29<75N517< E21<Q5<672 129[6 28 E'$vF]

+-532-,V 28 =21<QL, =2;2 12- 8, 1/Q5>5267232672 12N2-, >,3, :<-< 5672-Q2-5- >,6 1/
M<;585=<= :<-< Q/6>5,6<- 26 8< 21>/28<V M,9<- , 8< >,3/65=<=O

'29/6=,V 28 =21<QL, 6, M< =2 :-,N265- =2 <89[6 ,7-, 7-<17,-6,V 7<8 >,3, 8< =2:-215P6V
<6152=<= , /6 7-<17,-6, =2 >,6=/>7< =2 3<4,- 12N2-5=<= W=2 7<8 3<62-< ./2 267,6>21
6, 12-L< /6 7-<17,-6, 26 1L 156, :<-72 =28 ,7-, 7-<17,-6,XO

G2->2-,V 8<1 >,6=/>7<1 :-,;823K75><1 =2 8< 65Y< , 65Y, M<6 217<=, 1/>2=526=, :,- 8,
326,1 =/-<672 1251 32121O

?O c6 :<7-P6 =2 >,6=/>7< 629<75N517<V M,1758 4 =21<Q5<672 ./2 M< =/-<=, <8 326,1 1251
32121V =/-<672 8,1 >/<821 >/<7-, , 3K1 =2 8,1 159/526721 217K6 :-2126721I

&,7<I !,615=0-212 >/3:85=, /6 >-572-5, 1P8, 15 28 >,3:,-7<35267, ,>/--2 3K1


Q-2>/267232672 =2 8, ./2 21 7L:5>, :<-< 56=5N5=/,1 =2 /6< 2=<= 4 65N28 =2 =21<--,88,
>,3:<-<;821O

?O?O +52-=2 8,1 217-5;,1 >,6 Q-2>/26>5<O

?OCO E51>/72 >,6 <=/87,1 Q-2>/267232672V

?ODO E21<QL< <>75N<32672 , -2M[1< <><7<- 8<1 :275>5,621 , -298<1 =2 8,1 <=/87,1V
>,6 Q-2>/26>5<O

?OfO " 326/=, =285;2-<=<32672 5--57< < 8,1 =23K1O

?OmO " 326/=, >/8:< < ,7-,1 =2 1/1 2--,-21 , 3<8< >,6=/>7<V

($
?O@O !,6 Q-2>/26>5< <:<-2>2 26,U<=, 4 -212675=,O

?OkO !,6 Q-2>/26>5< 12 3/217-< -26>,-,1, , N269<75N,O

CO S< <872-<>5P6 26 8< >,6=/>7< ></1< /6 53:2=53267, >8L65><32672 15965Q5><75N, 26 1/


Q/6>5,6<35267, 1,>5<8V <><=035>, / ,>/:<>5,6<8O

DO S<1 >,6=/>7<1 6, ,>/--26 2T>8/15N<32672 =/-<672 28 >/-1, =2 /6 7-<17,-6, :15>P75>,


, =28 217<=, =2 K653,O

fO &, 12 >/3:826 8,1 >-572-5,1 :<-< 7-<17,-6, =51,>5<8 4V 15 28 56=5N5=/, 75262 ?h <Y,1 ,
3K1V 8,1 >-572-5,1 6, 12 >/3:826 :<-< 28 7-<17,-6, =2 :2-1,6<85=<= <6751,>5<8O

'5 28 65Y, , 65Y< >/3:82 <8 326,1 >/<7-, =2 8,1 <672-5,-21 >-572-5,1V 4 217,1 5672-Q52-26
>,6 1/ N5=< 6,-3<8V 267,6>21 70>65><32672 >/3:82 >,6 8< =2Q565>5P6O

F3<95623,1 <M,-< /6 >M5>, 1/:2-=,7<=, 26 :826< <=,821>26>5<V , ;526 3K1 :2./2Y,V


:2-, >,6 /6< 2=<= 3267<8 =2 /6 <=,821>2672V ./2 6, M< 15=, =5<96,175><=, 6/6><V =2
723:2-<3267, <>75N,V 62-N5,1,V ./2 882N< <Y,1 726526=, :-,;823<1 26 28 >,8295, >,6 8,1
:-,Q21,-21 , >,6 ,7-,1 >M5>,1 :,- 1/ >,6=/>7<O %172 >M5>, 217K ,;726526=, 3<8,1
-21/87<=,1 26 28 >,8295,V >,3, >,612>/26>5< =2 1/ Q<87< =2 MK;57,1 =2 217/=5,V 12 152672
<7<><=, 26 28 >,8295, :,- 1/1 :-,Q21,-21 4 26 ><1< -2>-5356<=, :,- 1/1 :<=-21V M<
<:-26=5=, < =2Q26=2-12 =2 1/1 >,3:<Y2-,1 /7585R<6=, 8< 824 =28 3K1 Q/2-72 , 8< =28 ./2
9-57< 3K1j

$/>M,1 >M5>,1 6,1 8829<6 < >,61/87< 26 8< <=,821>26>5< :,- :-,;823<1 =2 >,6=/>7<V >,6
=5<96P175>,1 >,3, 28 =2 2172 ><:L7/8, , 15358<-21V >M5>,1 ./2 =2121:2-<6 < 1/1 :<=-21 4
< 1/1 :-,Q21,-21 :,- 1/ 3<8 >,3:,-7<35267,V :,- 1/1 >,67217<>5,621 4 :,- 1/ <>757/= 26
9262-<8O F6>8/1, :,- 1/1 <>>5,621 26 >,67-< =2 8< </7,-5=<=V 26Q-267<=,1 < 7,=, 4 <
7,=,1V 4 26 28 Q,6=, =2121:2-<=,1 :,-./2 6<=52 821 267526=2O

!/<6=, 821 N<8,-<3,1 ,;12-N<3,1 ./2 1/ </7,21753< 21 3/4 ;<U<V 1/ 12675=, =2


56><:<>5=<= 217K 1,;-2=532615,6<=, 4 1/ ><:<>5=<= =2 <Q-,67<35267, 21 7,7<832672
=2Q5>52672O

',6 >M5>,1 ./2 M<6 -2<>>5,6<=, <8 -2>M<R, >,3, 28 a-2;28=2 156 ></1<eV /7585R<6=,
217-<7295<1 <9-215N<1V N2-;<821 , QL15><1V 4 <1L M<6 15=, ><:<>21 =2 5- 1,;-2N5N526=, 26 28
>,8295,O !/<6=, 2172 75:, =2 217-<7295<1 12 >,6N52-726 26 MK;57, 4 8,1 :-,;823<1 >-2>26
26 7,=,1 8,1 267,-6,1V 8,1 >M5>,1 12 =2121:2-<6 :,-./2 6, 1<;26 >P3, -,3:2- 28 ;/>82
26 28 ./2 12 M<6 3275=, 4 1/1 :<=-21 4 :-,Q21,-21 -2<>>5,6<6 >,6 -2>M<R, 4 >,6
><1759,1V 8, >/<8 23:2,-< 28 :-,;823<O

(%
'5 7-<;<U<3,1 >,6 28 >M5>,V M<>506=,82 26726=2- 28 ,-5926 =2 1/1 :-,;823<1V 4
><3;5<6=, 1/1 :</7<1 =2 >,6=/>7<V M<;57/<832672 1/1 :-,;823<1 =21<:<-2>2-K6V 4
=,6=2 M<;L< /6 <=,821>2672 53:,15;82 -226>,67-<3,1 < /6 65Y, >,6 :-,;823<1 =2
</7,21753< 4 >,6 Q<87< =2 ><-5Y, 4 >,3:-2615P6 < 7,=,1 8,1 65N2821V ./2 >,6 8<
217-<7295<1 <=2>/<=<1 21 ><:<R =2 -2>,6=/>5- 1/ >,6=/>7< 4 /7585R<- 1/ 567285926>5< :<-<
,;7262- 8, 32U,- =2 1L 3513, 4 12- ><:<R =2 <Q-,67<- 8,1 :-,;823<1O

"1L =,6=2 M<;L< /6 65Y, >,6 /6 7-<17,-6, :15>,8P95>,V M<4 /6 >M5>, 1/:2-=,7<=, >,6
/6 9-<6 :,726>5<8 M/3<6, 4 1,>5<8O S< =5Q2-26>5< 267-2 <3;,1 217K 26 28 =5<96P175>,
>,--2>7, 4 28 <:,4, :15>,8P95>, <=2>/<=,O %6 -21/326V >,3:-2615P6O

$?1GAJ:4?=7 @> 4<1:47<A7 @> >V?41=?JA

'29[6 28 3<6/<8 E'$vF]I a%8 7-<17,-6, =2 8< :2-1,6<85=<= :,- 2N57<>5P6 21 /6 :<7-P6
=2 56M5;5>5P6 1,>5<8V 1267535267,1 =2 56>,3:2726>5< 2 M5:2-12615;585=<= < 8< 2N<8/<>5P6
629<75N<O

c6 :<7-P6 9262-<8 =2 56M5;5>5P6 1,>5<8V /6,1 1267535267,1 =2 56Q2-5,-5=<= 4 /6<


M5:2-12615;585=<= < 8< 2N<8/<>5P6 629<75N<V ./2 >,3526R<6 <8 :-56>5:5, =2 8< 2=<= <=/87<
4 12 =<6 26 =5N2-1,1 >,672T7,1V >,3, 8, 56=5><6 >/<7-, W, 3K1X =2 8,1 159/526721 L7231I

?O %N57< 7-<;<U,1 , <>75N5=<=21 ./2 53:85./26 /6 >,67<>7, 5672-:2-1,6<8 53:,-7<672


=2;5=, <8 352=, < 8<1 >-L75><1V 8< =21<:-,;<>5P6 , 28 -2>M<R,O

CO %1 -2<>5, < 53:85><-12 >,6 8< 92672 15 6, 217K 129/-, =2 ./2 N< < <9-<=<-O

DO E23/217-< -2:-215P6 26 8<1 -28<>5,621 L6753<1 =2;5=, <8 352=, < 12- <N2-9,6R<=, ,
-5=5>/85R<=,O

fO %17K :-2,>/:<=, :,- 8< :,15;585=<= =2 12- >-575><=, , -2>M<R<=, 26 8<1 157/<>5,621
1,>5<821O

mO %17K 56M5;5=, 26 8<1 157/<>5,621 5672-:2-1,6<821 6/2N<1 < ></1< =2 1267535267,1 =2


56Q2-5,-5=<=O

@O '2 N2 < 1L 3513, 1,>5<832672 562:7,V :2-1,6<832672 :,>, 5672-21<672 , 56Q2-5,- < 8,1
=23K1O

(&
kO %1 2T7-23<=<32672 -2<>5, < >,--2- -5219,1 :2-1,6<821 , < 53:85><-12 26 6/2N<1
<>75N5=<=21 =2;5=, < ./2 :/2=26 12- >,3:-,3272=,-<1Oe

S,1 65Y,1 1/:2-=,7<=,1 ./2 M<6 1/Q-5=, 3<87-<7, 23,>5,6<8 4 -2>M<R, =2 1/1
>,3:<Y2-,1 752626 /6 3<4,- -5219, =2 =21<--,88<- 2172 7-<17,-6, 4V =2 M2>M,V 8<1
><-<>72-L175><1 ./2 8, =2Q5626 Q,-3<6 :<-72 =28 -2:2-7,-5, =2 >,6=/>7<1 =2 3/>M,1
1/:2-=,7<=,1O

"82U<-12 =2 8<1 157/<>5,621 1,>5<821 :,-./2 12 1526726 3<8 26 288<1V 12- 2T>215N<32672
-212-N<=,1V M/5- =2 8,1 7-<;<U,1 26 9-/:,V =2 8<1 Q5217<1V -2/65,621 4 =23K1 157/<>5,621
1,>5<821 1,6 8<1 217-<7295<1 M<;57/<821 =2 3/>M,1 1/:2-=,7<=,1 <=/87,1 :<-< 2N57<-
3,3267,1 :<-2>5=,1 < 8<1 ./2 N5N52-,6 26 1/ 56Q<6>5<O

%6 =2Q56575N<V 12 =21<--,88<6 >,6=/>7<1 =2 2N57<>5P6 =2 157/<>5,621 1,>5<821 :,- 352=, <


8<1 >-L75><1V 28 -2>M<R,V 8< =21<:-,;<>5P6 4 12 N26 562:7,1V 56129/-,1V >,6 /6 9-<6
>,3:82U, =2 56Q2-5,-5=<= 4 /6< ;<U< </7,21753<O G,=<1 288<1 1,6 >,6=/>7<1 7L:5><1 =2 /6
7-<17,-6, =2 2N57<>5P6 >,6 ,-5926 26 1/ 1/:2-=,7<>5P6O

G-<;<U<6=, 1/1 <:757/=21 4 Q,-7<82>526=, 1/ </7,21753< 4 M<;585=<=21 1,>5<821 >,6 /6


7-<7<35267, 21:2>LQ5>, :<-< 1/:2-=,7<=,1V =5>M<1 >,6=/>7<1 =21<:<-2>26 4 28 7-<17,-6,
:,- 2N57<>5P6 7<3;506O

0d&H2 '# *&'6 #-!#$$&)+ #- '( !&'& !&'" )"#> &N+'A &*#-&' )#I6 2& #'!(#2& +.2"7&%+$"& :
)#'*(W' )# ;$&!&'&$ #- '(' *$"8#$+' "-%#-%+' #- 2& (-"=#$'")&) )#!")"6 -+ =+2=#$ &
'&2"$ )# !&'&4 K# #-!#$$6 #- '( /&."%&!"6- : &*#-&' 8&-%#-@& #2 8@-"8+ !+-%&!%+ !+-
'( ;&8"2"&4 S+ #'%()"&.& :A 267"!&8#-%#A -+ %$&.&I&.&4 K(' *&)$#' #'%&.&- 8(:
*$#+!(*&)+'A *#$+ %&$)&$+- =&$"+' &N+' #- !+-=#-!#$'# )# ,(# '( /"I+ %#-@& (-
*$+.2#8& *'"!+267"!+ 7$&=# : &27(-+' 89' #- !+-=#-!#$2# *&$& )#I&$'# &:()&$ *+$
(- #'*#!"&2"'%&4

O#'*(W' )#2 %$&%&8"#-%+ *'"!+267"!+ /& $#!(*#$&)+ '( =")&A $#%+86 '(' #'%()"+' !+-
WE"%+A '# /& !&'&)+ : #'%9 %$&.&I&-)+ !+- -+$8&2")&)4 K# !+-'")#$& (-& *#$'+-&
.&'%&-%# ;#2">A *#$+ $#!(#$)& !+- %#$$+$ 2+' &N+' )# '( #-!"#$$+ : 2&' $&>+-#' ,(# 2#
22#=&$+- & #'# #'%&)+4 c"#-# (- !+!"#-%# "-%#2#!%(&2 )# ^ph4J

!<=< <Y, 6,1 8829<6 6,75>5<1 =2 1/:2-=,7<=,1 <=/87,1 ./2 N5N26 26>2--<=,1 26 1/1
><1<1V ./2 6, 752626 <359,1V ./2 6, 7-<;<U<6 4 ./2 N5N26 26Q2-3,1 35267-<1 7,=< 1/
Q<3585< 821 ,;12-N< 156 1<;2- >P3, <4/=<-821O %6 <89/6,1 ><1,1 M<6 >,6129/5=, 7-<2-821
< >,61/87< 4 M23,1 :,=5=, 23:2R<- < <4/=<-821V :2-, 3/>M,1 159/26 26>2--<=,1V
<518<=,1 =28 3/6=, 4 6, :2-35726 28 <>>21, < 6<=52 Q/2-< =2 1/ 267,-6, 3K1 >2-><6,O
('
$?1GAJ:4?=7 @> _7I?1 .7=?16

!-572-5,1 :<-< 28 =5<96P175>, =2 Z,;5< 1,>5<8 129[6 28 E'$ F]I

"O G23,- <>/1<=, 4 :2-15172672 :,- /6< , 3K1 157/<>5,621 1,>5<821 , <>7/<>5,621 26
:[;85>, 26 8<1 ./2 28 1/U27, 12 N2 2T:/217, < :2-1,6<1 ./2 6, :2-7262>26 <8 K3;57,
Q<3585<- , < 8< :,15;82 2N<8/<>5P6 :,- :<-72 =2 8,1 =23K1O %8 56=5N5=/, 7232 <>7/<- =2
/6 3,=, W, 3,17-<- 1L67,3<1 =2 <6152=<=X ./2 12< M/3588<672 , 23;<-<R,1,O &,7<I %6
8,1 65Y,1 21 62>21<-5, M<;2- =23,17-<=, ./2 1/1 ><:<>5=<=21 :<-< -28<>5,6<-12
1,>5<832672 >,6 1/1 Q<3585<-21 1,6 6,-3<821 4 M<6 2T5175=, 1523:-2V 4 ./2 8< <6152=<=
1,>5<8 <:<-2>2 26 8<1 -2/65,621 >,6 56=5N5=/,1 =2 1/ 3513< 2=<= 4 6, 1P8, 26 >/<8./52-
5672--28<>5P6 >,6 /6 <=/87,O

nO S< 2T:,15>5P6 < 8<1 157/<>5,621 1,>5<821 7235=<1 :-,N,>< ><15 56N<-5<;8232672 /6<
-21:/217< 5632=5<7< =2 <6152=<=V ./2 :/2=2 7,3<- 8< Q,-3< =2 /6< >-5151 =2 <69/175<
157/<>5,6<8 , 3K1 , 326,1 -28<>5,6<=< >,6 /6< 157/<>5P6O &,7<I %6 8,1 65Y,1 8<
<6152=<= :/2=2 7-<=/>5-12 26 88,-,1V ;2--56>M21V 56M5;5>5P6 , -27-<535267, 26
157/<>5,621 1,>5<821 =,6=2 8,1 <151726721 6, :2-7262>26 <8 3<->, Q<3585<-O

!O %8 56=5N5=/, -2>,6,>2 ./2 2172 723,- 21 2T>215N, , 5--<>5,6<8O &,7<I %6 8,1 65Y,1
:/2=2 Q<87<- 2172 -2>,6,>535267,O

EO S<1 157/<>5,621 1,>5<821 , <>7/<>5,621 26 :[;85>, 7235=<1 12 2N57<6 , ;526 12


2T:2-53267<6 >,6 <6152=<= , 3<8217<- 567261,1O

%O S,1 >,3:,-7<35267,1 =2 2N57<>5P6V 8< <675>5:<>5P6 <615,1<V , 28 3<8217<- ./2 <:<-2>2


26 8<W1X 157/<>5P6W21X 1,>5<8W21X , <>7/<>5P6W21X 26 :[;85>, 7235=<W1X 5672-Q52-26
<>/1<=<32672 >,6 8< -/756< 6,-3<8 =28 56=5N5=/,V >,6 1/1 -28<>5,621 8<;,-<821 W,
<><=035><1X , 1,>5<821V , ;526 :-,=/>26 /6 3<8217<- >8L65><32672 15965Q5><75N,O

ZO %6 8,1 56=5N5=/,1 326,-21 =2 ?h <Y,1 8< =/-<>5P6 =28 >/<=-, 1567,3K75>, =2;2
:-,8,69<-12 >,3, 3L653, @ 32121O

gO %8 352=, , 28 >,3:,-7<35267, =2 2N57<>5P6 6, 12 =2;26 < 8,1 2Q2>7,1 Q515,8P95>,1


=5-2>7,1 =2 /6< 1/17<6>5< W:O 2UOV =-,9<1V QK-3<>,1X , =2 /6< 26Q2-32=<= 30=5>< 4 6,
:/2=26 2T:85><-12 32U,- :,- 8< :-2126>5< =2 ,7-, 7-<17,-6, 327<8 W:O 2UOV 7-<17,-6, =2
<69/175< >,6 , 156 <9,-<Q,;5<V 7-<17,-6, =2 <6152=<= :,- 12:<-<>5P6V 7-<17,-6,
=513P-Q5>, >,-:,-<8V /6 7-<17,-6, 9262-<85R<=, =28 =21<--,88, , 7-<17,-6, 21./5R,5=2 =2
8< :2-1,6<85=<=XO

((
)O '5 M<4 /6< 26Q2-32=<= 30=5>< / ,7-, 7-<17,-6, 3267<8V 28 723,- =21>-57, 26 28
!-572-5, " 6, 12 -28<>5,6< >,6 217,1 :-,>21,1 W:O 2UOV 28 352=, 6, 21 =2;5=, < 8<
7<-7<3/=2RV < 8,1 723;8,-21 =2 8< 26Q2-32=<= =2 +<-t561,6 , < 8< 2TM5;5>5P6 =2
>,6=/>7<1 <853267<-5<1 <6,-3<821 26 8< <6,-2T5< 62-N5,1< , 26 8< ;/8535< 62-N5,1<XO

%1:2>5Q5><- 15I

g262-<85R<=<I 15 8,1 723,-21 M<>26 -2Q2-26>5< < 8< 3<4,-L< =2 8<1 157/<>5,621 1,>5<821
W>,615=2-<- 7<3;506 28 =5<96P175>, <=5>5,6<8 =2 7-<17,-6, =2 8< :2-1,6<85=<= :,-
2N57<>5P6XO

!,3, N23,1 8,1 1L67,3<1 =2 8< Z,;5< ',>5<8 1,6 15358<-21 < 8,1 =28 7-<17,-6, =2
2N57<>5P6O %6 2172 ><1, >/<6=, 28 1/U27, 12 N2 1,3275=, < 8<1 157/<>5,621 1,>5<821
=21<--,88< >/<=-,1 =2 <6152=<=O

%8 ,-5926 26 28 ><1, =2 8,1 1/:2-=,7<=,1 21 15358<- :<-< <3;,1 7-<17,-6,1I 28 -2>M<R,


1/Q-5=, 26 8< 56Q<6>5<V 8< ;<U< </7,21753< 4 28 352=, < -28<>5,6<-12 >,6 8,1 =23K1 :<-<
6, N,8N2- < 1/Q-5- 157/<>5,621 =2 3<87-<7, 23,>5,6<8 , :,- 352=, <8 -5=L>/8,O

%6 8,1 65Y,1 8< Z,;5< ',>5<8 12 7-<=/>2 26 Z,;5< %1>,8<-V -2>M<R, < 5- < 8< 21>/28< ./2
:/2=2 ,;12-N<-12 56>8/1, 26 65Y,1 =2 f P m <Y,1 ./2 2N57<6 5- <8 >,8295,V ./2 :-21267<6
1L67,3<1 =2 <6152=<=V :-,;823<1 =592175N,1 4 =2 7,=, 75:, -28<>5,6<=,1 >,6 28 217-01
./2 821 :-,=/>2 <>/=5- < /6 >267-, 26 28 ./2 12 1526726 2T7-<Y,1 , 56>8/1, <7<><=,1 :,-
8,1 =23K1O

0Q&$%@- ="#-# & !+-'(2%& *+$,(# '(' *&)$#' #'%9- 8(: *$#+!(*&)+'4 c"#-# !"-!+ &N+'
: #- 2+' H2%"8+' 8#'#' *$#'#-%& (- 7$&- $#!/&>+ &2 !+2#7"+4 D2 -"N+ 2#' )"!# ,(# '#
'"#-%# !+8+ &*&$!&)+ #- #2 !+2#7"+A /& #8*#>&)+ & )&$ *$+.2#8&' )# /&'%@+A )#
)#*$#'"6- : & )#!"$ ,(# -+ ,("#$# #'%&$ #- !2&'#4

?&!# (-+' )@&' !(&-)+ %#-@& ,(# "$ &2 !+2#7"+ #8*#>6 & )#!"$ ,(# 2# )+2@& 2& %$"*& :
,(# '# *+-@& #-;#$8+4 5+8+ '62+ 2# *&'&.& &2 #-%$&$ &2 8"'8+A #2 8W)"!+ 2# /&
8#)"!&)+ *&$& #2 !+2+- "$$"%&.2#4

1/+$& =& &2 !+2#7"+ : -+ '# ,(#I& )# )+2+$#'A *#$+ )"!# ,(# -+ ,("#$# #-%$&$ & !2&'#4
?">+ (- )".(I+ #E*2"!&-)+ '( 8&2#'%&$A 2+' 7$"%+' : 2+' *$+.2#8&' #- !2&'# !+- +%$+'
-"N+'4 O"!# ,(# *+$ )#-%$+ %"#-# 8"#)+ &(-,(# *+$ ;(#$& -+ '# 2# -+%&4

5(&-)+ 2+ #=&2(&8+' )#'!(.$"8+' '@-%+8&' )# )#*$#'"6-A &-'"#)&)A $#%$&"8"#-%+ :


'+8&%">&!"6- 8(: *+$ #-!"8& )# 2+ -+$8&2 #- 2+' -"N+' )# '( #)&)4 c&8."W- '#

()
+.'#$=& (-& #2#=&)& %#-)#-!"& & "-%#$"+$">&$ *$+.2#8&'A -+ #' (- -"N+ ,(# 2+'
#E%#$"+$"!#4

Q&$%@- %"#-# (- 5P )# ^ipA (-& #)&) 8#-%&2 )# 89' )# '"#%# &N+' : #'%9 %#-"#-)+
*$+.2#8&' )# "-%#7$&!"6- !+- '(' !+8*&N#$+' )# p &N+' ,(# 2# &%&!&- : 2# *#7&-
*+$,(# #' )";#$#-%#4 D'%9 #8*#>&-)+ & 8+'%$&$ '@-%+8&' )# Z+."& D'!+2&$A *#$+ #2
+$"7#- )# '(' *$+.2#8&' #'%9 #- '( '(*#$)+%&!"6-4J

$?1GAJ:4?=7: 27< *<1:47<A7: @> "A:?>@1@ E $>2<>:?7A>:

S,1 :-,;823<1 26 8<1 -28<>5,621 1,>5<821 4 28 217-01 <8 ./2 8,1 1/:2-=,7<=,1 12 N26
1,3275=,1 :<-< :,=2- -28<>5,6<-12 >,6 1/1 59/<821 =2-5N< < 326/=, 26 :-,;823<1 =2
<6152=<= 4 26 =2:-215,621O

%67-2 8,1 1/:2-=,7<=,1 8< <6152=<= 1,>5<8 ./2 ,;12-N<3,1 >,6 3K1 Q-2>/26>5< 12 1/282
3<65Q217<- 26 >-5151 =2 <69/175<V <7<./21 =2 :K65>,V 3<8217<- 9262-<85R<=, ,V 26 <89/6,1
><1,1V 7-<17,-6, ,;1215N, >,3:/815N, , Q,;5<1 >,6>-27<1 W7<8 >,3, 4< M23,1 N517, 26 8,1
><1,1 =2 Q,;5< 1,>5<8 4 Q,;5< 21>,8<-XO

',6 Q-2>/26721 8<1 ,;1215,621 >,6 8< 3/2-72V >,6 28 <1:2>7, QL15>,V >,6 ,;7262- 8<1
32U,-21 6,7<1 26 >8<12 4 >,6 <7<./21 =2 :K65>, >/<6=, 12 <>2->< /6 2T<326V 8829<6=, <
53:2=5- ./2 8,1 >M5>,1 <>/=<6 <8 3513,O

G<3;506 21 Q-2>/2672 8< <:<-5>5P6 =2 =2:-215,621O %8 1/:2-=,7<=, 12 N2 56><:<R =2


882N<- /6< N5=< 6,-3<8V =2 7262- <359,1V :<-2U<V =2 -28<>5,6<-12 =2 Q,-3< <=2>/<=< 4
72-356< <518K6=,12O %8 <518<35267, /65=, < /6< ;<U< ,:565P6 =2 1L 3513,1 821 1/282
882N<- < 8< =2:-215P6O

" 326/=, >,3:-,;<3,1 ./2 8<1 =2:-215,621 752626 1/ ,-5926 26 8< 3K1 752-6< 56Q<6>5<V
26 28 3<87-<7, 56Q<6758V 4 1,6 3/4 =5QL>5821 =2 7-<7<- [65><32672 >,6 32=5><>5P6V
-2./5-526=, /6< 72-<:5< 21:2>LQ5>< =2 8<-9< =/-<>5P6 ./2 :2-357< -217</-<- 8,1
>535267,1 =2 8< :2-1,6<85=<= =28 1/:2-=,7<=, 4 =21<--,88<- 1/1 <:757/=21 :<-< ./2
:/2=< 882N<- /6< N5=< 6,-3<8O

S<1 =2:-215,621 >,6 Q<87< =2 <:,4, 23,>5,6<8 :/2=26 =2-5N<- 26 567267,1 =2 1/5>5=5,O
S,1 UPN2621 ./2 12 N26 <518<=,1V 156 Q/7/-, 4 156 26726=2- 28 ,-5926 =2 1/ Q<87< =2
<=<:7<>5P6 <8 267,-6,O

0d+.#$%+ %"#-# ss &N+'A : ="-+ & =#$-+' )#'*(W' )# (- "-%#-%+ )# '("!")"+ ,(# /&
#'%&)+ & *(-%+ )# %#$8"-&$ !+- '( =")&4

)*
f&$"+' &N+' &-%#' )#2 %$&(8& /&.@& #8*#>&)+ & *$+.&$ %+)+ %"*+ )# )$+7&'A /&.@&
&.('&)+ )#2 &2!+/+2 : #E*#$"8#-%&)+ %+)+ 2+ ,(# '( &8."#-%# 2# +;$#!@&4

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7#-#$&2A ;(#$+- )#8&'"&)+ *&$& W2 : )#!")"6 /("$ %+8&-)+ #2 !&8"-+ 89' '#-!"22+4

O#'*(W' )#2 %$&(8& #'%(=+ =&$"+' 8#'#' #-!#$$&)+ #- '( !&'& '"-%"#-)+ &(%W-%"!+
%#$$+$ & 2& =")& : '+.$#="="#-)+ H-"!&8#-%# 7$&!"&' &2 &*+:+ )# '( ;&8"2"&A '"- =#$ &
'(' &8"7+' -" %#-#$ !+-%&!%+ !+- -&)"# 89'4

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$#2&!"+-&$'# )# -(#=+ !+- I6=#-#' )# '( #)&)4 ?& #-!+-%$&)+ (- %$&.&I+ : '(
!+8*+$%&8"#-%+ #' "8*#!&.2#4 3+!+ & *+!+ =& $#%+8&-)+ #2 !+-%&!%+ !+- '(' &8"7+'4
3#$+ *+$ )#-%$+ '"7(# '"-%"W-)+'# 8&2 !+-'"7+ 8"'8+A )"!# ,(# '# +)"&4

<-& =#> #'%&."2">&)& '( !+-)(!%& : !(&-)+ W2 '# '"#-%# !&*&> )# #-;$#-%&$'# & #22+A
#8*#>&8+' & %$&.&I&$ #- '(' %$&(8&' "-;&-%"2#' )#'!(.$"#-)+ #2 8&2%$&%+ )# ,(# ;(#
+.I#%+ )#')# 2+' !(&%$+ &N+'A #- &27(-+' !&'+' *+$ 2+' -"N+'A *#$+ #- +%$+' 8(!/+' *+$
2+' *$+*"+' *$+;#'+$#'4

d#!(#$)& #2 *9-"!+ ,(# '#-%@& !(&-)+ '(.@& &2 &(%+.H' )#2 !+2#7"+ : '(' !+8*&N#$+'
2# "-'(2%&.&- %+)+' 2+' )@&'4 5(&-)+ $#/(@& !&8"-&$ & '+2&' *+$ #2 *&'"22+ )#2 "-'%"%(%+
*+$,(# 2# /&!@&- 2& >&-!&)"22&A 2# #8*(I&.&- : 2# 22&8&.&- )# %+)+4

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#%&*& #'!+2&$4 F+' $#!(#$)+' &*&$#!#- !+- &(%W-%"!+ )+2+$ *#$+ *+!+ & *+!+ #' !&*&>
)# #-%#-)#$ 2+ ,(# +!($$@&A *+$ ,(W #$& $#!/&>&)+A : )# '(*#$&$ '(' %$&(8&'4

d+.#$%+ #$& (- -"N+ -+$8&2A '&2=+ *+$ (- )#%&22#A #$& '(*#$)+%&)+4

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&)+2#'!#-!"& $#!($$"#-)+ & 2+ 89' '#-!"22+ *&$& '#$ &!#*%&)+ #- '( #-%+$-+A #2 &2!+/+2
: 2&' )$+7&' ,(# #8*#>6 & !+-'(8"$ )#')# 2+' ,("-!# &N+' : ,(# (%"2">&.& *&$&
+2=")&$'# )# '(' *$+.2#8&'4

?&'%& ,(# -+ *()+ 89' !+- %+)+ &,(#22+ # "-%#-%6 $#'+2=#$ '(' *$+.2#8&' %#$8"-&-)+
!+- '( =")&A &;+$%(-&)&8#-%# '"- WE"%+4 0

#,;2-7, 21 /6, 3K1 =2 8,1 3/>M,1 <=,821>26721 4 UPN2621 1/:2-=,7<=,1 ./2 ><=< <Y,
567267<6 -21,8N2- 1/1 :-,;823<1 72-356<6=, >,6 1/ N5=<O

)!
+-,;823<1 ./2 6, 726=-L<6 =2 M<;2- -2>5;5=, 8< 2=/><>5P6 4 28 <:,4, 23,>5,6<8
<=2>/<=, =/-<672 1/ 56Q<6>5<O

%A:7DA?7

%8 561,365, 21 ,7-, =2 8,1 :-,;823<1 ./2 1,823,1 26>,67-<- 267-2 8,1 1/:2-=,7<=,1O
G5262 1/ ,-5926 26 8< M5:2-<>75N5=<= 3267<8 7L:5>< =2 8< 1/:2-=,7<>5P6 ./2 :/2=2 5-
/65=< < :-,;823<1 =2 <6152=<= 4 =2:-215P6O

a$<-5<6, 75262 fB <Y,1 4 6, :/2=2 =,-35- :,- 8<1 6,>M21O !,6=/>2 /6 ><35P6 4 M<
:2=5=, 8< ;<U< :,-./2 :<1< 8<1 6,>M21 26 N28<V =<6=, N/287<1 :,- 1/ ><1< 4 :<12<6=, :,-
28 :/2;8,V 156 12- ><:<R =2 =,-35- 3K1 =2 /6< , =,1 M,-<1 :,- 6,>M2O

E21:/01 =2 -2<85R<-82 7,=<1 8<1 :-/2;<1 M<;57/<821 26 8<1 /65=<=21 =2 1/2Y, 6, 82 M<6
26>,67-<=, 6569/6< <6,3<8L< 26 28 Q/6>5,6<35267, =2 1/ >2-2;-,O

" $<-5<6, 82 26><67< 28 ;-5>,8<U2V =2 M2>M, 21 1/ 267-2726535267, Q<N,-57, 4 12 ,Q-2>2


9-<7/57<32672 < 1/1 N2>56,1 :<-< <--298<-8, 7,=,O %1 /6 </70675>, a3<657<1eO '<;2
M<>2- =2 7,=, </6./2 6/6>< M< <:-26=5=, /6 ,Q5>5, 65 M< 217/=5<=,O )<;8< 3/4 =2:-51<
4 1523:-2 217K 2T:85><6=, <89/6, =2 1/1 6/2N,1 56N267,1O +,- 8<1 6,>M21 6, =/2-32
:,-./2 1523:-2 217K :261<6=, 26 <89, 6/2N, ./2 =2;2 M<>2-O '5 :/=5212 6/6>< :<-<-L<
=2 M<>2- >,1<1O $<-5<6, 21 1/:2-=,7<=,Oe

S< 32=5><>5P6 26 217,1 ><1,1 1P8, 75262 /6 2Q2>7, :<85<75N,V 8< 72-<:5< 21:2>LQ5>< 21
53:-21>56=5;82 :<-< -21,8N2- 8,1 :-,;823<1 =21=2 28 ,-5926V <:-26=2- < >,67-,8<- 28
217-01 4 < -28<U<- 8< 32672O

!,3, M23,1 N517, 2T51726 =5N2-1,1 :-,;823<1 <1,>5<=,1 < 8< 1/:2-=,7<>5P6 ./2 :/2=26
=2-5N<- 26 1L67,3<1 QL15>,1 4 :15>,8P95>,1 =2 =5Q2-2672 L6=,82 4 ./2 < 326/=, 12 7-<7<6
156 7262- 26 >/267< 1/ ,-5926O

&/217-,1 >M5>,1 882N<6 <Y,1 <1517526=, < =5Q2-26721 72-<:5<1 =2 7,=, 75:,V 32=5>K6=,12
:<-< 7,=, 156 ./2 6569[6 :-,Q215,6<8 =21>/;-< -2<832672 >/K8 21 28 ,-5926 =2 1/1
:-,;823<1O '2- 3/>M, 3K1 567285926721 ./2 8< 32=5<O '2- 1/:2-=,7<=,1O

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&1234567 P9 &Y?=1: :52><@741@1:

#27,3<6=, 8< M517,-5< =2 6/217-, 5-8<6=01V 1/:,69<3,1 ./2 212 5-8<6=01 21 /6< 3/U2-
5-8<6=21<O " 7,=,1 8,1 :-,;823<1 =2 1/ >,3:<Y2-,V 12- =5Q2-2672 4 12675-12 -2>M<R<=,
:,- 288,V 12 /626 8,1 =2 8,1 2172-2,75:,1 =2 9062-, ./2 N<6 <1,>5<=,1 < 8< >,6=5>5P6
Q232656<O

'523:-2 M23,1 ,L=, ./2 12- 9/<:< 2 56728592672 2-< 56>,3:<75;82V , ./2 a15 2-21 3/4
56728592672 6, 72 N<1 < ><1<-eV , ./2 a6, :/2=21 9<6<- 3K1 =562-, ./2 7/ 3<-5=,V 21, 8,1
M,3;-21 6, 8, 1,:,-7<6eO aG[ 8, ./2 752621 ./2 M<>2- 21 <:-26=2- < 882N<- ;526 /6< ><1<
4 =2U<-72 =2 7<67,1 85;-,1V ./2 6, 72 M<>26 Q<87< :<-< 6<=<eO )<;8<3,1 =28 1598, ||V 6,
=28 |F|V 4 M<;8<3,1 =2 6/217-, :<L1V 6, =28 72->2- 3/6=,O

"/6./2 :,>, < :,>, N< ><3;5<6=, 8< 157/<>5P6V =21=2 8< 56Q<6>5< < 8<1 3/U2-21 12 6,1
M< 7-<613575=, < 7-<N01 =2 /6< 2=/><>5P6 :<7-5<-><8 4V 26 >,612>/26>5<V /6,1 >/267,1
56Q<675821 26 2172 12675=,V ./2 8<1 >M5><1 :/2=26 =217<><- :,- 1/ ;2882R<V :,- 1/ ;,6=<=V
:,- 1/ N,R >-517<856< 4 ./5RK1 :,- 1/ M<;585=<= :<-< 7,><- <89[6 5617-/3267, 3/15><8
./2 <>,3:<Y2 8<1 N28<=<1 =2 8< Q<3585<O +2-, 6, 1,6 Q-2>/26721 8,1 3,=28,1 26 8,1 ./2
8<1 >M5><1 =217<./26 :,- 1/ 9-<6 567285926>5< , :,- 1/1 9-<6=21 0T57,1 8<;,-<821 4
:-,Q215,6<821O E2 M2>M, :2-1,6<832672 6, -2>/2-=, 6569[6 >/267, >8K15>, 26 28 ./2 <1L
12<O

S< 9-<6 3<4,-L< =2 8,1 9-<6=21 8,9-,1 567282>7/<821 < 8, 8<-9, =2 8< M517,-5< 6, M<6 15=,
,;-< =2 8<1 3/U2-21V 4 15 8, M<6 15=,V ./52621 21>-5;52-,6 8< M517,-5< 12 M<6 26><-9<=, =2
,>/87<-8,O '<8N, >,67<=<1 2T>2:>5,621 28 :<:28 =2 8< 3/U2- 26 8< >526>5<V 26 8<
72>6,8,9L<V 26 8< :,8L75><V 26 8<1 <-721 4 26 8<1 827-<1 M< 15=, ><15 721753,65<8 M<17< 28
1598, ||O

'56 23;<-9, 6, M<4 =5Q2-26>5<1 26 567285926>5< 267-2 8,1 12T,1O

S< 567285926>5< 21 /6< >/<85=<= 926075>< 26 1/ 3<4,- :<-72 4 7,7<832672 56=2:26=52672


=28 12T,O " 8, 8<-9, =2 8< M517,-5< 12 M< =<=, :,- M2>M, ./2 8<1 3/U2-21 0-<3,1 326,1
567285926721 4 7<3;506 12 M< 21>-57, 3/>M, 1,;-2 8< =5Q2-2672 >,3:,15>5P6 , 3,-Q,8,9L<
=28 >2-2;-, Q232656, W56Q2-5,- 26 7,=,1 8,1 ><1,1 <8 =28 M,3;-2XO

E2 M2>M, =21=2 ./2 12 23:2R<-,6 < <:85><- 8,1 7217 =2 567285926>5< 26 8,1 :<L121
,>>5=267<821 8< 32=5< =2 -21/87<=,1 26 >,>52672 567282>7/<8 =2 8<1 3/U2-21 2-< =2 M<17<
>56>, :/67,1 :,- =27-K1 =2 8,1 M,3;-21O

)#
'56 23;<-9, 129[6 J<321 Z8466V Q<3,1, :,- 28 %Q2>7, Z8466 129[6 28 >/<8 8<
567285926>5< =2 8< :,;8<>5P6 1/;2 <Y, 7-<1 <Y, 26 7,=, 28 3/6=, WM<17< 7-21 :/67,1 :,-
=0><=<X 8< 567285926>5< =2 8<1 3/U2-21 4< 1/:2-< < 8< =2 8,1 M,3;-21O '29[6 28 </7,-
62,R28<6=01 28 >,>52672 567282>7/<8 =2 8< 3/U2- 217K >-2>526=, 3K1 =2:-51< :,-./2 8<
1,>52=<= 2T592 3K1 21Q/2-R,1 < 8<1 3/U2-21V ./52621 752626 ./2 >/3:85- 3[875:821
7<-2<1V 7<67, 26 28 K3;57, Q<3585<- >,3, 26 28 267,-6, 8<;,-<8O

+2-, 8, >52-7, 21 ./2 26 6569/6< 56N21759<>5P6 12-5< 12 M< :,=5=, =23,17-<- 7,=<NL< ./2
8<1 3/U2-21 12<3,1 65 3K1 65 326,1 567285926721 ./2 8,1 M,3;-21O %8 7<8267,V 59/<8 ./2
28 :,->267<U2 =2 <87,1 4 ;<U,1V =2 ,U,1 <R/821 4 ><17<Y,1V 12 =517-5;/42 =2 Q,-3<
2./57<75N< 56=2:26=5267232672 =28 9062-,O

_ 156 23;<-9, a:<-2>2e ./2 M<4 326,1 >M5><1 1/:2-=,7<=<1 ./2 >M5>,1O

0D- "-=#'%"7&!"+-#' ,(# /#8+' $#&2">&)+ /& ,(#)&)+ *&%#-%#A 2& *$#+!(*&-%#
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*+$!#-%&I# )# ahq )# !/"!+' : khq )# !/"!&' #' 8+%"=+ )# $#;2#E"6- (-& =#> 89' '+.$#
2& '"%(&!"6- '+!"&2 )# 2& 8(I#$ !+- &2%& !&*&!")&) "-%#2#!%(&2A !(&-)+ )# +%$& *&$%#A #-
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-H8#$+ &*$+E"8&)+ )# -"N+' : -"N&'4

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'29[6 6/217-< 2T:2-526>5< 28 hB^ =2 8,1 ><1,1 =272>7<=,1 =2 1/:2-=,7<>5P6 159/26


>,--21:,6=526=, < N<-,621O p+,- ./0 12 21>,6=26 8<1 65Y<1q

'58N2-3<6 >,6,>2 8<1 21:2>5<821 >5->/617<6>5<1 ./2 >,6>/--26 <8-2=2=,- =2 8< 3/U2-
1/:2-=,7<=<V ./2 M<>26 3/4 =5QL>58 1/ 5=2675Q5><>5P6 4V <[6 3K1V 1/ 5=2675Q5><>5P6
:-2>,RO S< 53:,-7<6>5< =2 2172 M2>M,V 882NP < '58N2-3<6 < :/;85><- /6 <-7L>/8,V ./2
882N<;< :,- 7L7/8, a%2 #E%$&N+ !&'+ )# 2&' !/"!&' '(*#$)+%&)&' ,(# )#'&*&$#!#-JO W?X

)$
pS<1 >M5><1 =2U<6 =2 12- 1/:2-=,7<=<1 26 8< <=,821>26>5<q pH 153:8232672 12 21>,6=26
:<-< ./2 6, 12 821 6,72 ./2 1,6 3K1 567285926721q

0K&.#8+' ,(# 2&' -"N&' )+%&)&' #-!&I&- *$#%#-)"#-)+ '#$ 8#-+' !&*&!#' )# 2+ ,(#
$#&28#-%# '+- : ,(# #'%# /9."%+ & 8#-()+ '# =(#2=# #- (-& *$+;#!@& &(%+!(8*2")&A #2
#;#!%+ 3"78&2"6-J Wn,-8<6= ?ih@XO

'7<6824 1/95-5P =,1 2823267,1 3/4 53:,-7<6721 :<-< 2T:85><- 2172 M2>M,I

%8 :-532-, 21 ./2 8<1 >M5><1 1/:2-=,7<=<1 1/2826 12- 3K1 3<=/-<1 23,>5,6<832672
./2 1/1 >,3:<Y2-,1 3<1>/856,1V 752626 3K1 Q<>585=<= :<-< <=<:7<-12 <8 267,-6, 4 6,
=<- :-,;823<1O ',6 65Y<1 ./2 7-<;<U<6 ;526 26 >8<12V >,6 ;/26 -26=535267, 4 ./2
7-<7<6 =2 >,3:,-7<-12 >,6 6,-3<85=<=O &5Y<1 >,6 3/>M,1 <359,1V ./2 7-<;<U<6 ;526 4
217/=5<6 3/>M,V >,6 ;/26 -26=535267,V ./2 6, 12 ./2U<6 6/6><V ./2 6, =217<><6 :,-
26>53< =2 8,1 =23K1V ./2 6, 12 32726 26 :-,;823<1 >,6 ,7-,1 65Y,1 4 ./2 6,
:-21267<6 =5156>-,6L<1 88<3<75N<1O

%8 129/6=, Q<>7,- 21 ./2 8,1 :<=-21 12 :-2,>/:<6 3K1 :,- 8< 2=/><>5P6 =2 1/1 M5U,1 ./2
:,- 8< =2 1/1 M5U<1 4V 26 >,612>/26>5<V 56N52-726 326,1 =562-, 26 288<1O "1L </6./2
7/N52-<6 :-,;823<1 26 8,1 217/=5,1 < 8,1 :<=-21 821 :-2,>/:< 326,1 15 12 7-<7< =2 1/1
M5U<1 ./2 =2 1/1 M5U,1O

%6 -21/326V 8<1 >M5><1 :-21267<6 326,1 :-,;823<1 :<-< 8,1 :<=-21 ./2 8,1 >M5>,1 4
017,1 56N52-726 326,1 =562-, 26 8< 2=/><>5P6 =2 288<1O

Z,T 4 G/-62- W?ih?X 2T:85><-,6 8<1 =5Q5>/87<=21 =2 8<1 >M5><1 26 8< <=,821>26>5< 4 1/1
62>215=<=21 26 212 267,-6,I

aS<1 >M5><1 1/:2-=,7<=<1 =5Q52-26 =2 8,1 >M5>,1 1/:2-=,7<=,1 26 <./288<1 NL<1 ./2
752626 53:85><>5P6 =5-2>7< 26 28 3,3267, =2 -2<85R<- /6 :-,9-<3< 21:2>LQ5>,O

+-532-,V 8<1 >M5><1 752626 326,1 >,6Q5<6R< 26 1L 3513<1 4 26 1/1 :-,:5<1 M<;585=<=21
567282>7/<821V :<-75>/8<-32672 26 3<723K75><1 4 26 >526>5<1O

'29/6=,V 288<1 :<-2>26 3K1 =51:/217<1 < =<- /6 <87, 12-N5>5, 1,>5<8 ./2 < =<- N<8,-21
567282>7/<821O

)%
G2->2-,V 821 5672-21< 3K1 8< <>2:7<>5P6 =2 1/1 >,3:<Y2-,1 ./2 28 =21<--,88, 567282>7/<8
:<-75>/8<-32672V 1,;-2 7,=, >/<6=, 12 M<>26 <=,821>26721O

!/<-7,V 2T:2-53267<6 3K1 >,6Q85>75N<32672 4 >,6 3K1 >,6Q/15P6 ./2 8,1 >M5>,1 ;526
=,7<=,1 4 7<8267,1,1V 26 8, ./2 -21:2>7< < 1/1 ,;U275N,1 26 8< N5=<O

\/567,V =2;26 62>2157<- 3K1 <:,4, 4 <4/=< :<-< 28 0T57, <><=035>, 4 :,172-5,-
=21<--,88, ./2 8,1 >M5>,1eO

"89/6<1 ,-9<65R<>5,621 =2 :<=-21 =2 65Y,1 =2 1/:2-=,7<=,1 2T:,626 ./2 a8<1 >M5><1


<=,:7<6 2172 >,3:,-7<35267, :<-< ./2 6, 12 8<1 2T>8/4< =2 8,1 9-/:,1V <1L ./2 <6/8<6 4
,>/87<6 1/1 ><:<>5=<=21 567282>7/<821 <672 8,1 =23K1O E219-<>5<=<32672V 217, :-,N,><
6, 1P8, 8< Q<87< =2 =5<96P175>,V 156, :-,;823<1 3K1 9-<N21V 4< ./2 8< 3<4,-L< 7<3;506
1/Q-2 :-,;823<1 =2 </7,21753< 2 56>8/1, =2:-215P6eO

'29[6 6/217-< :-,:5< 2T:2-526>5<V 8,1 :<=-21 4 8<1 3<=-21 <:26<1 7-<26 65Y<1 < 8<1
:-/2;<1 =2 1/:2-=,7<>5P6O S< 3<4,-L< =2 8<1 N<8,-<>5,621V 3K1 =28 km^ =2 8<1 ./2
M<>23,1 ><=< <Y, >,6 65Y,1V 1,6 =2 N<-,621O S<1 65Y<1 1,6 326,1 :-,;823K75><1 4 8,1
:<=-21 6, 1,1:2>M<6 8< <87< ><:<>5=<= =2 1/1 M5U<1 M<17< ./2 =5<96,175><3,1 < <89[6
M2-3<6,V 4 </6 <1L 821 1/282 >,17<- >-20-128,O '56 23;<-9,V 26 <=/87,1 8,1 :,->267<U21
=2 3/U2-21 4 N<-,621 ./2 1,85>57<6 /6< N<8,-<>5P6 1,6 3/4 15358<-21O

c6< >M5>< 1/:2-=,7<=< 12 26>/267-< 26 28 >,8295, 26 32=5, =2 >,3:<Y2-,1 3/>M,


326,1 567285926721 ./2 288< 4 :,- 8, 7<67, 21 3/>M, 3K1 3<=/-< ./2 288,1O S<1 >M5><1
3<=/-<6 <6721 4 :,- 288, 21 <>2:7<;82 ./2 :<-2R><6 3K1 3<=/-<1 ./2 8,1 >M5>,1V =2
M2>M, >-2>26 <6721 7<3;506 4 12 >,3:,-7<6 >,6 3K1 12-265=<=O

&1<1=4><3:4?=1: @> 61: =Y?=1: :52><@741@1:/

• ":-26=26 < M<;8<- 3/4 :-,67,V 56>8/1, :/2=26 :-,6/6>5<- 8< :-532-< :<8<;-< <6721
=2 8,1 h 32121 4 < 8,1 =,1 <Y,1 4< 1,6 ><:<>21 =2 3<67262- /6< :2./2Y<
>,6N2-1<>5P6O

• '/2826 12- 3/4 >-2<75N<1 4 12615;821O G52626 9-<6 ><:<>5=<= =2 <;17-<>>5P6 :,- 8,
./2 :/2=26 :<-2>2- =517-<L=<1O

• ',6 3/4 2T5926721 >,6 8,1 =23K1 4 >,6159, 3513<1V 4 7526=26 < 7262- ;<U<
</7,21753<O

)&
• ',6 3/4 56=2:26=526721 2 567-,N2-75=<1O " 326/=, 3/4 -212-N<=<1O

• E/2-326 :,>, 4 752626 3[875:821 5672-2121O

• '/2826 <;/--5-12 26 >8<12 4 821 9/17< 7262- <359,1 =2 3<4,- 2=<=O

#,1< 75262 /6 !F =2 ?mBV 75262 ?C <Y,1 4 21 7L35=< M<17< 8< 2T726/<>5P6O E2 M2>M, <8
8829<- < 8< 21>/28<V M<;8< /6 :,>, >,6 8< >,3:<Y2-< =2 :/:57-2V :2-, :-K>75><32672 6,
12 -28<>5,6< >,6 6<=52 3K1 =2 8< >8<12O S<1 =23K1 65Y<1 N26 ./2 21 a/6 :,>, -<-<eO %88<
<=23K1 12 152672 Q2< :,- 212 <>60 Q/-5;/6=, ./2 82 M< 8829<=, 3/>M, <6721 ./2 < 8<1
=23K1O

#,1< 1523:-2 M< <:-,;<=, 156 217/=5<- :-K>75><32672 6<=<O S< 7<-=2 <672-5,- 35267-<1
1/1 :<=-21 N26 /6< :28L>/8< , U/17, <6721 =2 267-<- <8 >,8295, 82 ;<17< >,6 2>M<-82 /6
N517<R, <8 85;-, :<-< <:-,;<- 1/1 2TK32621 =2 Q,-3< ;-588<672O &, 75262 :-,;823<
<89/6, :<-< >,6>267-<-12 26 >/<8./52- 1575, 4 <:-26=2- 8, 1/Q5>52672 :<-< 1/:2-<- 1/1
:-/2;<1 21>,8<-21O

"=23K1 822 /6 3,67P6V 21 /6< <15=/< N5157<672 =2 8< ;5;85,72>< =2 1/ ;<--5,V 4V >,3,
6<=52 8< N5958<V M< 82L=, >,1<1 =2 8, 3K1 N<-5,:567<1O !,1<1 7<6 a=5N2-75=<1e :<-< 65Y<1
=2 1/ 2=<= >,3, 7-<7<=,1 =2 <-./2,8,9L<V M517,-5< , >526>5<O S2 26><67< 8< >526>5<
Q5>>5P6V >,6,>2 < 8< :2-Q2>>5P6 7,=<1 8<1 6,N28<1 =2 F1<<> "153,NV :2-, 7<3;506 82 9/17<
822- 261<4,1O "89/6< N2R M< M<;8<=, =2 1/1 82>7/-<1 >,6 1/1 <359<1V 6,-3<832672
3<4,-21 ./2 288<V :2-, 6, 8< 267526=26V 4 <672 8<1 ;/-8<1 M< =2>5=5=, 6, M<;8<- =2
:-K>75><32672 6<=< =2 8, ./2 82 5672-21<O %6 ><1< 7<3:,>, 8< >,3:-26=26V 1/ Q<3585< 21
=2 ,-5926 M/358=2 4 6, M<6 :,=5=, <>>2=2- < 8< 2=/><>5P6 26 8< ./2 <M,-< 1,;-2N5N2
#,1<O

)< <:-26=5=, < 7262- 1/ :-,:5< N5=< 5672-5,-V < 6, 1,;-21<85- 26 6<=<V 4 8, ./2 3K1 82
:-2,>/:< 21 =217<><-O +,- 21,V >/<6=, /6, =2 8,1 :-,Q21,-21 =5U, 26 >8<12 ./2 a26 28
>8</17-, =2 :-,Q21,-21 M<6 =5>M, 7,=,1 ./2 2-< 8< >M5>< 3K1 56728592672 =28 >,8295,eV
:261P a752--<V 7-K9<32eV 4 >,3, 1/1 >,3:<Y2-,1 23:2R<-,6 < 7-<7<-8< =2 Q,-3<
=517567<V =2>5=5P ./2 6,V ./2 21, 12 M<;L< 72-356<=, 4 =2UP =2 217/=5<-O " :<-75- =2 212
=L< 1/1 6,7<1 Q/2-,6 6,-3<821V <:-,;<;<V :2-, =2U<;< :-29/67<1 156 >,67217<- <
:-,:P157, :<-< 6, 1<><- 6/6>< 3K1 8<1 ,=5<=<1 $<7-L>/8<1 =2 ),6,- ./2 ,;726L< 156
21Q/2-R,O "1L 1/1 6,7<1 :<1<-,6 =2 2T>2826721 < <:-,;<=,1 -<3:8,621V >,6 <89[6
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26726=5P 6/6>< :,- ./0O '5 82 5;<6 < =<- @ 326>5,621 =2 M,6,- 26 28 1<8P6 =2 <>7,1V
=28<672 =2 7,=,1 8,1 65Y,1 4 7,=,1 8,1 :<=-21 =28 561757/7,V 8, 6,-3<8 2-< -2>,92-8<1O

#,1< 6, :/=, =2U<- =2 12- >,615=2-<=< 3/4 56728592672 26 1/ >,8295,V 8,1 :-,Q21,-21 8,
>,3267<;<6 4 1523:-2 8< 35-<;<6 =2 Q,-3< 21:2>5<8V :2-, 65 1/1 6,7<1V 65 1/
>,3:,-7<35267, =52-,6 8< 326,- :517< =/-<672 8,1 159/526721 <Y,1 =2 ./2 7/N5212 /6
7<8267, 21:2>5<8O

!/<6=, =2UP 28 561757/7,V 4< 26 8< /65N2-15=<=V 85;-2 =28 217593< =2 12- /6< >M5>< 8517< 4
>,6 6/2N,1 >,3:<Y2-,1 ./2 6, 8< >,6,>L<6 =2 6<=<V 12 :-2,>/:P =2 6, =217<><-
=23<15<=,O '5 M<;L< ./2 M<>2- :288<1V 12 M<>L<6V 15 M<;L< ./2 217<- :-212672 26 8<1
<1<3;82<1 =2 217/=5<6721 26 8/9<- =2 217/=5<-V 12 M<>L<O !/<8./52- >,1< :<-< 6,
=217<><- 4 =2U<- =2 12- 8< >M5>< -2:282672 ./2 ,=5<;< 12-O +,- 1/:/217, ./2 6, 726L< 28
326,- 5672-01 26 =23,17-<-82 < 8,1 >M5>,1 >,6 8,1 ./2 217/=5<;< ./2 < 288< 82 -21/87<;<
3/>ML153, 3K1 QK>58O G,=,V 326,1 12- 21< >M5>< 56728592672 ./2 8,1 =23K1 6, 1,:,-7<6O

%6 35 ,:565P6V >,6,>526=, < 3/>M<1 >M5><1 1/:2-=,7<=<1 >,3, #,1<V 6, =2U<6 =2 12-
567285926721 < 8,1 ?f <Y,1 >,3, 12 -2Q82U< 26 28 217/=5, =2 S/R ZO +0-2RO S<1 >M5><1
<=,:7<6 /6< :,15>5P6 3K1 >P3,=< 4 <>2:7<=< :,- 8< 1,>52=<=V :<-2>2- 326,1
567285926721O %1 3K1 QK>58 :<-< 1,;-2N5N5- 4 :<-< 26>,67-<- :<-2U<O

S, >,67-<-5,V 12- /6< >M5>< ./2 =23/217-< 12- 3K1 -K:5=<V ./2 -<R,6< 3/>M, 32U,- 4
./2 21 ><:<R =2 -21,8N2- 3K1 ;-588<67232672 8,1 :-,;823<1V 21V 26 >52-7< Q,-3<V
:2859-,1,O G2 M<>2 326,1 :,:/8<-V 4 < 8,1 ><7,->2 , ./56>2 <Y,1 8< 3<4,-L< =2 8<1 >M5><1
217K6 3K1 :-2,>/:<=<1 :,- >/3:85- >,6 8,1 2172-2,75:,1 =2 9062-, W12- 9/<:<1V N2175-
;526 4 -21/87<- <7-<>75N<1 < 8,1 >M5>,1X ./2 >,6 =23,17-<- 1/ ;-588<672R 26 8,1 217/=5,1O

+,172-5,-32672V 26 8< /65N2-15=<=V 217K6 26 8< 32U,- 0:,>< :<-< 26>,67-<- :<-2U< 4 8<
:-215P6 :,- 6, =217<><-V :,- 12- <>2:7<=< :/2=2 12- 3/>M, 3K1 53:,-7<672 ./2 1/1
:-,:5,1 5672-2121 <><=035>,1O

$K1 7<-=2V >/<6=, >,3:5721 :,- /6 :/217, =2 7-<;<U, 26 ;<12 < 7/ ><:<>5=<= =2 217/=5,V
8< <9-215N5=<= =2 8,1 >,3:<Y2-,1 :/2=2 8829<- < 12- =5QL>58 =2 1,:,-7<- 26 3/>M,1
3,3267,1O S<1 ;-,3<1 4 8,1 <7<./21 :2-1,6<821 72 <>,3:<Y<6 56>8/1, >/<6=, 4< 2-21
<=/87<O $/>M,1 6, :/2=26 <>2:7<- ./2 /6< 3/U2- ./2 :<-2>2 6,-3<8V 4 ./2 56>8/1,
:/2=2 12- <7-<>75N<V 821 1/:2-2 26 /6<1 ,:,15>5,621O %1 53:2-=,6<;82 4 -<RP6 1/Q5>52672
:<-< 2T>8/5-8<V </6./2 6, =2 Q,-3< =2>8<-<=<V =2 8<1 <>75N5=<=21 =28 9-/:, =2
>,3:<Y2-,1O

)(
%6 2172 12675=,V >/<6=, 3K1 7<-=2 #,1< <>>2=5P < 1/ :-532- :/217, =2 7-<;<U, 26 /6<
9-<6 23:-21<V :-,67, =217<>P 267-2 1/1 >,3:<Y2-,1 4 23:2RP < -2>5;5- <7<./21 :,- 212
3,75N,O c6, 82 8829P < =2>5- ./2 15 5;< =2 a8517588<e 4 15 26 28 >,8295, a2-< 1523:-2 =2 8<1
./2 82N<67<;<6 8< 3<6,eO !,3, 3/U2- 21 =5QL>58 ./2 <89/6,1 >,3:<Y2-,1 3<1>/856,1
:2-=,626 8< ,1<=L< =2 ./2 /6< 3/U2- 12< 3K1 ;-588<672O

#,1< ,L< >,3267<-5,1 7<821 >,3, I a>8<-,V >,6 21< Q<8=< 4 21,1 7<>,621V 21 3/>M, 3K1
QK>58 >,6129/5- -21/87<=,1 >,6 28 2./5:, 4 >,6 28 U2Q2eO "672 /6 <1>261, ap12-K 28 <3,-qeO
!/<8./52- >,1< 326,1 <=3575- ./2 2-< 3K1 ;-588<672O

S<1 >M5><1 1/:2-=,7<=<1 62>2157<6 <Q5<6R<- 3/>M, 1/ </7,21753< :<-< :,=2- 1<85- < 8<
><882 >,6 8< ><;2R< <87< 4 =23,17-<- ./2 1LV ./2 1,6 3K1 567285926721 ./2 8< 32=5<V 3K1
567285926721 ./2 1/1 :<-2U<1 4 ./2 1/1 <359,1O %8 ;<U, 65N28 =2 </7,21753< 21 3K1
Q-2>/2672 267-2 8<1 >M5><1 1/:2-=,7<=<1 ./2 267-2 8,1 >M5>,1O

G<3;506 62>2157<6 /6 723:82 21:2>5<8 :<-< 1,;-2N5N5- >/<6=, 1,6 <=/87<1 4 =2;26
<=<:7<-12 <8 :<:28 ./2 12 21:2-< =2 /6< 3/U2- 26 6/217-< 1,>52=<=O +,- 21,V < 326/=,V
21 3/>M, 3K1 >P3,=, M<>2-12 8< 7,67< 4 <:-26=2- < ><88<- 4 < 1,6-2L-O 'P8, 1,6-2L-O S<
65Y< 1/:2-=,7<=< 12 M<>2 56N515;82 :,-./2 6, ./52-2 =217<><-O ',;-2 7,=, 26 8<
<=,821>26>5< :,-./2 62>2157< 12- <>2:7<=<V 62>2157< 8< <:-,;<>5P6 1,>5<8 4 ./2 6, 8<
7-<726 >,3, a21< >M5>< -<-<eO S<1 65Y<1 12 32726 a=2;<U, =2 8< <8Q,3;-<e 4 :,- 21, 12
=272>7<6 3/>M<1 326,1 1/:2-=,7<=<1 ./2 1/:2-=,7<=,1O

G<3;506 6,1 26>,67-<3,1 ><1,1 26 8,1 ./2 :/2=26 12- <9-215N<1V <8 59/<8 ./2 8,1
>M5>,1V -2<>>5,6<6 =2 Q,-3< =21:-,:,->5,6<=< < 8<1 >-L75><1 4 752626 217<=,1 =2 K653,
3/4 ;<U,1V >,6 726=26>5< < 8< =2:-215P6O

'56 23;<-9,V 6, 21 <1L 26 7,=,1 8,1 ><1,1V <89/6<1 3/U2-21 1/:2-=,7<=<1 >,61>526721 =2
1/1 ><:<>5=<=21 =2>5=26 :-21>56=5- =2 212 352=, <8 -2>M<R, 4 >,3:5726 26 8,1 217/=5,1
4 26 28 7-<;<U, :<-< 7262- 0T57, :-,Q215,6<832672V =21<--,88<6=, -2>/-1,1 ./2 821
:2-35726 ,;7262- 8, ./2 ./52-26 4 <8 3513, 7523:, =21<--,88<- /6< N5=< 1,>5<8 :826<O
)<17< 28 :/67, =2 ./2-2- 8829<- < /6 :2-Q2>>5,6513, 2T>215N,V 26 8,1 217/=5,1V 26 1/
53<926V 26 1/ Q<3585<V 26 1/ :-,Q215P6V ./2 >,6 28 7523:, :-,N,><-K <6152=<= :,-
:,62-12 /6<1 327<1 56<8><6R<;821O

%6 1/1 -28<>5,621 1/-926 =2 6/2N, 8<1 =5Q5>/87<=21O S,1 2172-2,75:,1 M<;57/<821 26


6/217-< 1,>52=<= -2Q82U<6 /6 3,=28, =2 :<-2U< 26 28 >/<8 28 M,3;-2 21 28 ./2 9<6< 3K1

))
=562-,V 28 ./2 M<;57/<832672 75262 3<4,- Q,-3<>5P6V /6 :/217, =2 7-<;<U, 3K1
53:,-7<672 4 7<3;506 21 28 3K1 56728592672O

S<1 3/U2-21 3/4 567285926721 752626 /6< =5Q5>/87<= 21:2>5<8 <Y<=5=< :<-< 26>,67-<-
:<-2U<V :,-./2 6, 21 QK>58 ./2 12 26<3,-26 =2 M,3;-21 >,6 326,- 567285926>5<O E2
M2>M,V 129[6 6/217-< 2T:2-526>5< 8<1 :<-2U<1 7526=26 < Q,-3<-12 267-2 :2-1,6<1 >,6 /6
65N28 567282>7/<8 15358<-V 8, ./2 21 53:-21>56=5;82 :<-< ./2 2T517< /6< ;/26<
>,3/65><>5P6O !,3, 28 6[32-, =2 1/:2-=,7<=,1 21 <:-,T53<=<32672 /6 =,1 :,-
>5267, =2 8< :,;8<>5P6V 12 -2=/>2 28 6[32-, =2 :,15;821 :<-2U<1 :<-< /6< 3/U2- >,6 <87<
><:<>5=<= 567282>7/<8O !/<6=, <=23K1 12 7-<7< =2 /6< 3/U2- 2T57,1< 26 1/1 217/=5,1V 26
1/ 7-<;<U, 4 >,6 /6 ;/26 65N28 =2 569-21,1V -21/87< 7,=<NL< 3K1 =5QL>58 26>,67-<- /6<
:<-2U< <=2>/<=< 4< ./2 21 >,3:85><=, ./2 :/2=< 1/:2-<- 1/1 569-21,1V 1/ Q,-3<>5P6 ,
1/ 217<7/1 1,>5<8O

'5 <[6 <1L =2>5=2 Q,-3<- /6< :<-2U< >,6 /6 M,3;-2 >,6 326,1 569-21,1 , >,6 326,-
2=/><>5P6V 21 3/4 :,15;82 ./2 8< 3513< 6, 8829/2 < ;/26 Q56 :,-./2 8,1 :-2U/5>5,1
1,>5<821 2T51726721 M<>26 ./2 8,1 M,3;-21 12 15267<6 3<8 >,6159, 3513,1 >/<6=, 1/
3/U2- 821 1/:2-< <3:85<32672 26 1/1 -21/87<=,1 :-,Q215,6<821 4 26 1/1 569-21,1V 4 217<1
>5->/617<6>5<1 1/2826 9262-<- 72615,621 <=5>5,6<821 < 8<1 =2 /6< :<-2U< 6,-3<8O

%6 6/217-< 1,>52=<= 8,1 56=5><=,-21 =2 0T57, :<-< /6 M,3;-2 217K6 -28<>5,6<=,1


M<;57/<832672 >,6 1/ 65N28 8<;,-<8 4 >,6 1/ 65N28 =2 569-21,1O '56 23;<-9, :<-< /6<
3/U2- 28 0T57, 75262 3/>M, 3K1 ./2 N2- >,6 1/ ><:<>5=<= =2 26>,67-<- /6< ;/26<
:<-2U<V >,6 ;/26 65N28 8<;,-<8 4 ;/26 65N28 =2 569-21,1V 4 >,6 1/ ><:<>5=<= =2 >-2<- 4
>/5=<- < 1/ Q<3585<O

S<1 >M5><1 1/:2-=,7<=<1 752626 ><:<>5=<=21 21:2>5<821 :<-< 8,1 217/=5,1 4 :<-< 28 0T57,
:-,Q215,6<8V :2-, >,3, M23,1 >,3267<=,V <8 3513, 7523:, 752626 =5Q5>/87<=21
<Y<=5=<1 < 8<1 =2 8<1 >M5><1 6,-3<821 :<-< 26>,67-<- /6< :<-2U< <=2>/<=< 4 :<-< 7262-
/6< Q<3585<O +,- 288, 8< 1261<>5P6 =2 Q-<><1, N57<8 21 3/>M, 3K1 567261< 26 8<1 3/U2-21
1/:2-=,7<=<1 ./2 < :21<- =2 M<;2- >,6129/5=, /6 ;/26 65N28 :-,Q215,6<8 752626
=5Q5>/87<=21 :<-< 26>,67-<- :<-2U< 4 >/3:85- >,6 28 -,8 1,>5<8 =2 8<1 3/U2-21V ><1<-12 4
7262- M5U,1O %172 Q-<><1, 12 1/282 =51Q-<R<- >,6 1267535267,1 =2 -2>M<R, < 8< :-,:5<
Q/6>5P6 =2 8< 3/U2-V ./2 56>8/426 =21=2 =21>/5=<- 1/ <1:2>7, QL15>,V :,- >,615=2-<-8,
5--282N<672 4 :-,:5, =2 3/U2-21 3/>M, 326,1 567285926721V M<17< 6, :<-75>5:<- 26
<>75N5=<=21 ./2 :/2=<6 :<-2>2- Q-LN,8<1 4 =5-595=<1 < 26>,67-<- :<-2U<O E2 217< Q,-3< 12
6529<6 < 1L 3513<1 8< :,15;585=<= =2 =21<--,88<- ,7-,1 <1:2>7,1 =2 8< N5=< 4 3<6752626
9-<N21 :-,;823<1 =2 </7,21753< 4 3<8217<- 23,>5,6<8 =/-<672 7,=< 017<O
!**
$<-7< 75262 7-2567< 4 >56>, <Y,1O !/<6=, N5262 < N2-6,1 882N< /6< 8<-9< 2T:2-526>5< >,6
:15>P8,9,1 4 7-<7<35267,1 =2 7,=, 75:, >,67-< 8< =2:-215P6 4 8< <6152=<=O Z/2 /6< >M5><
;-588<672 ./2 72-356P 1/ ><--2-< /65N2-157<-5< 4 75262 /6 ;/26 7-<;<U,V >,6 3/4 ;/26,1
569-21,1V :2-, 12 152672 3/4 3<8 >,6159, 3513<O %6 28 7-<;<U, 12 152672 N<8,-<=< 4
<>2:7<=< :,- 1/1 >,3:<Y2-,1V :2-, 6, 12 152672 -2<85R<=< >,3, 3/U2-O ]2 ./2 28 7523:,
N< :<1<6=, 4 ./2 6, M< 15=, ><:<R =2 26>,67-<- /6 >,3:<Y2-, >,6 28 ./2 Q,-3<- /6<
Q<3585<O

!/<6=, 8< 2N<8/<3,1 =21>/;-53,1 1/ 1/:2-=,7<>5P6V <89, ./2 4< 1,1:2>M<;< :2-, ./2
6<=52 82 M<;L< >,6Q5-3<=,V < >,6756/<>5P6 12 :,62 < 88,-<-O E2 -2:2672 7,=, 23:52R< <
26><U<-O '/ </7,21753< 21 3/4 ;<U< 4 1/1 M<;585=<=21 :<-< -28<>5,6<-12 7<3;506O
G<3:,>, 75262 ;/26 <1:2>7,V =5>2 ./2 6, 21 53:,-7<672V 75262 2T>21, =2 :21, 4 N< <89,
=21:256<=<O &/6>< 12 <--298< 65 /1< >,13075>,1 :,-./2 82 :<-2>26 /6< ;<6<85=<=
:-,:5< =2 8<1 >M5><1 =2 8<1 -2N517<1 >,6 8<1 ./2 288< 6/6>< M< 7265=, 6<=< ./2 N2-O

E21:/01 =2 N<-5,1 32121 7-<;<U<6=, U/67<1 =2>5=2 ><3;5<- 1/ <1:2>7,V 23:52R< <
26726=2-12 < 1L 3513<V < N<8,-<-12 >,3, 3/U2- 4 < 26726=2- :,- ./0 12 M< 12675=,
1523:-2 =5Q2-2672 =2 8<1 =23K1 >M5><1V :,- ./0 1523:-2 :<-2>L< ./2 6, 26><U<;<O
":-26=2 < /7585R<- 1/ 567285926>5< 6, 1,8<32672 :<-< 28 7-<;<U, 156, 7<3;506 :<-<
<:-26=2- < -28<>5,6<-12 32U,- 4 < =51Q-/7<- 3/>M, 3K1 =2 1/ 7523:, 85;-2V >,6 6/2N,1
<359,1 4 6/2N<1 <>75N5=<=21O %6 -21/326V <:-26=2 < 1/:2-<- 8,1 >,3:82U,1 =2 7,=< 1/
N5=< 4 23:52R< < >-22- 26 1L 3513<O

"Q,-7/6<=<32672V 26 8<1 [8753<1 =0><=<1 28 :<:28 =2 8< 3/U2- 26 8< 1,>52=<= 217K
><3;5<6=, < 9-<6 N28,>5=<= 4 ><=< N2R N23,1 3K1 3/U2-21 26 :/217,1 =2 9-<6
-282N<6>5<O +,>, < :,>, 8<1 3K1 567285926721 N<6 <8><6R<6=, ><-9,1 26 28 K3;57, =2 8<
:,8L75><V 26 28 =2 8< 23:-21< 4 23:52R<6 < 12- 3<4,-L< 26 8< /65N2-15=<=O

'2 ,;12-N<6 8592-,1 ><3;5,1 26 >/<67, <8 3,=28, =2 3/U2-V <M,-< 12 N<8,-<6 <89, 3K1
8< 567285926>5<V 8< ><:<>5=<= =2 <:-26=2- 4 28 7<8267, :<-< >,3/65><-12 >,6 3K1 Q8/5=2R
4 :,>, < :,>, 12 N< =2172--<6=, 21< 53<926 =2 8< 3/U2- ,;U27,O &, 1P8, 217K6 :-2126721V
>,3, <67<Y,V 26 8<1 -2N517<1 =28 >,-<RP6V 7<3;506 1,6 +-215=267<1 =2 g,;52-6,1V
!,612U2-<1 E2829<=<1 =2 9-<6=21 23:-21<1V 56N21759<=,-<1 4 :-,Q215,6<821 =2 0T57, 26
7,=,1 8,1 K3;57,1 8<;,-<821O

%172 6/2N, 3,=28, =2 3/U2- 7<3;506 ,>/:< 28 -,8 =2 3<=-2O $/>M<1 M<6 15=, ><:<>21V
>,6 9-<6 21Q/2-R,V =2 </6<- 28 0T57, :-,Q215,6<8 >,6 28 >8K15>, :<:28 =2 8< 3<=-2 4
21:,1<O G,=, 21 :,15;82 >,6 7<8267, 2 567285926>5<V :2-, :<-< >,6129/5-8, 21 62>21<-5,

!*!
Q,3267<- 8< </7,21753< =2 8<1 1/:2-=,7<=<1 =21=2 8< 21>/28<V =272>7<-8<1 4 ,-5267<-8<1
:<-< ./2 6, 12 M<9<6 56N515;821V :<-< ./2 6, =21<:<-2R><6O

%6 -21/326V 8<1 >M5><1 1/:2-=,7<=<1 8, 752626 3K1 >,3:85><=, ./2 8,1 >M5>,1 :,-./2
1/ 267,-6, 821 56Q8/5-K 629<75N<32672 26 8,1 159/526721 <1:2>7,1I

?O %172-2,75:,1 1,;-2 1/ -,8 =2 9062-,O " :21<- =2 ./2 8,1 6/2N,1 151723<1
2=/><75N,1 217K6 56>5=526=, 3K1 26 8< 59/<8=<= =2 ,:,-7/65=<=21V
>/87/-<832672 28 :<:28 =2 8< 3/U2- 159/2 1526=, 28 =2 21:,1<A6,N5< 4 3<=-2V 6,
28 =2 :-,Q215,6<8 =2 0T57,O

CO Z<87< =2 <359,1 4 >,3:<Y2-,1 26 1/ 267,-6, >,6 /6 65N28 567282>7/<8 15358<-V 8,


./2 =5Q5>/87< 1/1 :,15;585=<=21 =2 >,3/65><>5P6 >,6 1/1 59/<821 4 :-,N,><
56>,3:-2615P6O

DO Z<87< =2 /6 3,=28, =2Q565=, =2 3/U2- >,6 0T57, :-,Q215,6<8 4 1,>5<8z 4 Q<87< =2


,:,-7/65=<=21 :<-< =5-595- 2./5:,1O

fO %1><1, <:,4, =2 8< Q<3585< 4 Q<87< =2 >,3:-2615P6 15 =2>5=2 :2-129/5- ,;U275N,1


=2 0T57, :-,Q215,6<8O

mO '261<>5P6 =2 Q-<><1, N57<8 < :21<- =2 M<;2- ,;7265=, 0T57, :-,Q215,6<8 15 6,


>,6159/2 7262- /6< Q<3585< 2 M5U,1O

@O n<U< </7,21753<

S<1 >M5><1 1/:2-=,7<=<1 62>2157<6 3K1 <:,4, ./2 8,1 >M5>,1 =21=2 8< 56Q<6>5<V
Q,-7<82>526=, 1/ </7,21753<V ,-5267K6=,8<1 4 :,726>5<6=, 1/ =21<--,88, 7<67, 26 28
K3;57, :-,Q215,6<8 >,3, 26 28 1,>5<8O S,1 :<=-21 6, :/2=26 =2U<- =2 8<=, < 1/1 M5U<1
1/:2-=,7<=<1 :,-./2 <:<-267232672 6, 752626 :-,;823<1V 1L 8,1 752626V </6./2 26 8<
3<4,-L< =2 8,1 ><1,1 6, 12<6 2N5=26721O

W?X S< $/U2- '/:2-=,7<=<I "/-285< $,67528 $,856<V $<-L< J,10 $,67528 $,856<V
$<-L< J,10 $569,-<6>2 +</

!*"
&1234567 Q9 .52><@741@7: 1@5647:

E/-<672 8,1 [8753,1 <Y,1 M2 7265=, 8< ,:,-7/65=<= =2 2N<8/<- < 3/>M,1 1/:2-=,7<=,1
<=/87,1O ">/=26 < 6/217-< >,61/87< =212<6=, 1<;2- 15 1/1 :-,;823<1 752626 >,3,
,-5926 /6< :,15;82 1/:2-=,7<>5P6V ;/1><6=, /6< 2T:85><>5P6 < 1/1 :-,;823<1 ,
153:8232672 :<-< >,3:-,;<- <89, ./2 M<6 1,1:2>M<=, 1523:-2V ./2 1,6 =5Q2-26721 <
8,1 =23K1O

!,3, >,3267,V 26 1/ 3<4,-L< N52626 ;/1><6=, /6< 2T:85><>5P6 < 1/1 :-,;823<1 :,- 8,
./2 6, :,=23,1 <129/-<- ./2 7,=,1 8,1 1/:2-=,7<=,1 12<6 >,3, 8,1 ./2 6,1,7-,1
7-<7<3,1O +2-, 1L :,=23,1 =2>5- ./2 8,1 ./2 N52626 < 6/217-< >,61/87< 752626 /6<1
><-<>72-L175><1 =2 :2-1,6<85=<= >,3/621V 4 ;<17<672 =5Q2-26721 < 8<1 =2 8< :,;8<>5P6
9262-<8O

%6 7,=<1 6/217-<1 N<8,-<>5,621 /7585R<3,1 ;<72-L<1 =2 7217 >,6,>5=,1 4 1,;-<=<32672


:-,;<=,1 26 7,=, 28 3/6=,V >,6 ;<-23,1 3/4 217<6=<-5R<=,1 :<-< 8< :,;8<>5P6 26
9262-<8 4 ./2 6,1 :2-35726 =2Q565- >/K821 1,6 8<1 ><-<>72-L175><1 =2 :2-1,6<85=<= ./2 821
></1<6 :-,;823<1 >,6 8,1 =23K1O

"6<85R<6=, 8<1 =5Q2-26721 ><-<>72-L175><1 26>,67-<3,1 8<1 159/526721 >,56>5=26>5<1I

S,1 1/:2-=,7<=,1 1,6 :,>, <Q<;821O %6 9262-<8 < 8,1 1/:2-=,7<=,1 6, 821 9/17<
=23<15<=, 217<- >,6 ,7-<1 :2-1,6<1V <8 326,1 >,6 :2-1,6<1 6,-3<821O G526=26 < 6,
:<-75>5:<- =23<15<=, 26 <>75N5=<=21 1,>5<821 4 < 6, =51Q-/7<- =2 8< >,3:<YL< =2 8,1
=23K1V :-,;<;8232672 :,-./2 =5>M< >,3:<YL< 4 26 9262-<8 8<1 <>75N5=<=21 1,>5<821 6,
821 -21/87<6 QK>5821O

%1 ;<17<672 Q-2>/2672 ./2 8<1 M<;585=<=21 1,>5<821 =2 8,1 1/:2-=,7<=,1 12<6 ;<U<1V >,6
:-,;823<1 =2 5672-<>>5P6 ./2 12 3<6752626 3K1 , 326,1 217<;821 =21=2 8< 65Y2R 4 :,-
288, 217<- >,6 ,7-<1 :2-1,6<1V 1,;-2 7,=, >,6 =21>,6,>5=,1V 821 9262-< 56./527/= 4
3<8217<-O

'/2826 12- ;<17<672 7L35=,1 4 -212-N<=,1V M<17< 28 :/67, =2 6, >,6Q5<- <:26<1 26 6<=52
4 9/<-=<- 2T7-23< :-5N<>5=<= 1,;-2 1/ :2-1,6<V 56>8/1, 26 723<1 ./2 -21/87<6
2N5=26721 :<-< 8,1 =23K1O

!/<6=, 12 -28<>5,6<6 >,6 8,1 =23K1 217K6 :26=526721 =2 7,=,V 2T7-23<=<32672


N5958<6721 =2 ./2 <89, 821 :/2=< <Q2>7<- , =2 ./2 <89/526 821 :/2=< >-575><- , M<>2- =<Y,O

!*#
%17< M5:2-N5958<6>5< 7<3;506 :/2=2 7262- 1/ ,-5926 26 7-</3<1 =2 8< 56Q<6>5< 4 8<
<=,821>26>5<V 27<:<1 =/-<672 8<1 >/<821 :/2=26 M<;2-12 12675=, >-575><=,1 4 <7<><=,1
:,- 1/1 >,3:<Y2-,1O '523:-2 26 9/<-=5< 4 1523:-2 >,6 /6< >,-<R< :/217<V 156
>,3:<-75- <:26<1 >,6 6<=52 1/1 :-,;823<1 :2-1,6<821O

S< 7535=2R 2T7-23< 821 882N< < 12675-12 ;8,./2<=,1 <672 6/2N<1 -28<>5,621V < 6, 1<;2-
3<67262- /6< >,6N2-1<>5P6 =2 Q,-3< Q8/5=< 4 :,- 8, 7<67, < 6, :<-75>5:<- 26 Q5217<1 4
-2/65,621 1,>5<821 26 8<1 ./2 12 :/2=<6 12675- ,;859<=,1 < >,6,>2- < :2-1,6<1 6/2N<1 2
5672-<>>5,6<- >,6 288<1O

)<;57/<832672 6, 1<;26 =2 ./0 M<;8<- :,-./2 8,1 723<1 =2 >,6N2-1<>5P6 26 8<1 6/2N<1
-28<>5,621 1/2826 12- 1/:2-Q5>5<821V :,>, 5672-21<6721 :<-< 288,1 4 6, 8,1 3<62U<6 >,6
1,87/-<O S,1 723<1 =2 8,1 ./2 1L 821 26><67<-L< M<;8<- :,-./2 1,6 </70675>,1 2T:2-7,1
:/2=26 -21/87<- 3/4 <;/--5=,1 :<-< ,7-<1 :2-1,6<1O

c6, =2 351 <359,1 21 /6 </70675>, 2T:2-7, 26 >562V :2-, 6, 82 ,5-K1 M<;8<- 6/6>< =2 8<1
:28L>/8<1 =2 217-26,V 1<8N, :<-< >-575><-8<1 >,6 ;<17<672 ;/26 >-572-5, 4 <-9/3267,1O " 08
82 26><67< M<;8<- =2 8< M517,-5< =28 >562V ./2 >,6,>2 < Q,6=,V =28 >562 3/=,V =28 >562 26
;8<6>, 4 629-,V =2 8,1 =5-2>7,-21 =2 8,1 ./2 >,6,>2 <;1,8/7<32672 7,=,O G2 =21>-5;2 ./2
21< :28L>/8< ./2 <><;K51 =2 N2- 1P8, 21 /6 -23<t2 =2 <./288< =2 8,1 <Y,1 fBV , =2 <./288<
=2 8,1 @BO

c6< :2-1,6< 6,-3<8 >/<6=, 82 ,42 M<;8<- 72-356< :,- ><88<-12 :,-./2 12 152672 56><:<R
=2 >,6N2-1<- < 1/ 65N28V 4 1P8, 12 :/2=2 26726=2- >,6 ./526 12:< 7<67, =2 >562 >,3, 08O
"=23K1 =2 :,=2- >,615=2-<-82V ./5RK1V /6 :,>, :2=<672O +,- 8, 7<67,V <:26<1 M<;8<V
:,-./2 =2 8,1 723<1 3K1 >,3/621V 156 5672-01 :<-< 08V :<1<O

'/2826 12- 3/4 12615;821 < 8< >-L75>< 4 217<- 21:2>5<832672 :-2,>/:<=,1 :,- 8< ,:565P6
./2 8,1 =23K1 :/2=<6 7262- =2 288,1V M<17< 28 :/67, =2 ;8,./2<-12 <8 :261<- ./2 7,=, 28
3/6=, 217K :26=52672 =2 8, ./2 M<>26O

c6, =2 351 :<>526721 217K 3/4 :-2,>/:<=, :,- :<12<- >,6 1/1 :<=-21 4 7262- 4< DB
<Y,1O !-22 ./2 8,1 =23K1 :/2=26 :261<- ./2 21 /6 Q-<><1<=, :,- 1<85- >,6 288,1V :/21
<>7/<832672 6, 75262 <359,1 26 28 8/9<- 26 28 ./2 N5N2O +,15;8232672 < 1/1 N2>56,1 65 12
821 :<1<=, :,- 8< ><;2R< 7<8 5=2<V 21 8, 3K1 6,-3<8V :2-, 08 1/Q-2V :-2Q52-2 ./2=<-12 1,8,
26 ><1< 4 <1L 2N57<- ./2 82 :/2=<6 >-575><-O

%17< :-2,>/:<>5P6 :,- 8< ,:565P6 =2 8,1 =23K1 21 /6< >,612>/26>5< =5-2>7< =2 8<
M5:2-12615;585=<= :-,:5< =2 8,1 1/:2-=,7<=,1O %1 7<6 M<;57/<8 4 821 :-2,>/:< 7<67, ./2
1,823,1 =2=5><- N<-5<1 M,-<1 26 72-<:5< :<-< ./2 ><3;526 1/1 >-226>5<1 -21:2>7, < 8<

!*$
<726>5P6 ./2 8,1 =23K1 821 :-217<6V < >,6129/5- ./2 >,3:-26=<6 ./2 6, 1,6 28 >267-,
=28 3/6=, 4 < <>2:7<- ./2 2Q2>75N<32672 :/2=2 M<;2- <89/6<1 :2-1,6<1 < 8<1 ./2 6, 821
><59<6 ;526 W<89,V ./2 :,- ,7-< :<-72V 82 :<1< < 7,=, 28 3/6=,XO

%17< M5:2-12615;585=<= =2 8,1 1/:2-=,7<=,1 <=/87,1 7<3;506 821 882N< < 12-
21:2>5<832672 23:K75>,1 4 < 1/Q-5- 3K1 <672 8<1 -2<>>5,621 =2 8,1 =23K1O

'/ ><:<>5=<= =2 <;17-<>>5P6 21 3/4 1/:2-5,- < 8< =2 8< 3<4,-L< =2 8< 92672V 1/:2-<6=,
28 :2->26758 iB 26 3/>M,1 ><1,1O %17< <87< ><:<>5=<= =2 <;17-<>>5P6V =2 >,6>267-<>5P6
26 1L 3513,1 4 26 1/1 :261<35267,1V 1/282 >,6882N<- /6 3<4,- =21:5172O

'/2826 12- 3/4 </7,1/Q5>526721V :-2Q52-26 7-<;<U<- 26 1,857<-5, <6721 ./2 M<>2-8, 26
2./5:,O &, 821 9/17< 217<- >,6 ,7-<1 :2-1,6<1O +5261<6 4 7-<;<U<6 3K1 -K:5=, 4
1,3272-12 < 8< =51>5:856< =2 /6 2./5:, 821 >/217<V 12 <;/--26O

%6 ,><15,621 3<65Q5217<6 >52-7< 56217<;585=<= 23,>5,6<8V 8, ./2 >,6882N< <87,1 65N2821


=2 72615P6 4 <6152=<=O " 326/=, 8,1 :-,;823<1 =2 8< 56Q<6>5< =2-5N<6 26 =2:-215,621
=2 8<-9< =/-<>5P6 ./2 12 3<65Q5217<6 >,6 3K1 , 326,1 5672615=<= 26 =5Q2-26721 27<:<1
=2 1/1 N5=<1O

'/ </7,21753< 4 1/1 M<;585=<=21 1,>5<821 1/2826 12- ;<17<672 ;<U<1O S21 >/217< =<- 1/
,:565P6V =2Q26=2- 1/1 =2-2>M,1V =2>5- ./2 6, 2 565>5<- -28<>5,621 >,6 28 12T, ,:/217,O '5
/6 1/:2-=,7<=, =2 217<1 ><-<>72-L175><1 75262 /6< :<-2U< 217<;82V 1523:-2 82 :-29/67, 15
12 =2UP >,6./517<-V 4 1/2826 <12675-V :,-./2 1/2826 12- 7<6 7L35=,1 ./2 8< 1,8< 5=2< =2
7262- ./2 <;,-=<- < /6< >M5>< 82 :-,=/>2 :K65>,O

!,3, :,=23,1 N2-V 8< 3<4,- :<-72 =2 217<1 ><-<>72-L175><1 1,6 8<1 3513<1 ./2 M23,1
>,3267<=, <672-5,-32672 >,6 8,1 65Y,1 1/:2-=,7<=,1O

!-223,1 ./2 28 :2-Q58 :15>,8P95>, =2 8,1 1/:2-=,7<=,1 <=/87,1 21 =5Q2-2672 <8 =2 8<1
:2-1,6<1 6,-3<821V :,- N<-5,1 3,75N,1I

%6 :-532- 8/9<- :,- 1/ <87< ><:<>5=<=V ./2 821 882N< < :261<- 32U,-V < >,6>267-<-12
32U,-V 4 < =212<- <:-26=2- 3K1V M<17< 28 :/67, =2 >,6N2-75-12 26 </70675>,1 <83<>2621
=2 >,6,>535267,O

%6 129/6=, 8/9<- :,- 1/1 :-,;823<1 26 8< 56Q<6>5< 8, ./2 821 882N< < =21>,6Q5<- =2 8,1
=23K1O +,- 288, 12 -28<>5,6<6 8, 326,1 :,15;82 >,6 28 -217, =28 3/6=,V 26 :<-72 :,-./2
6, 821 267526=26V 4 26 :<-72 :,-./2 72326 ./2 821 M<9<6 =<Y, :,- 1/ <87< 12615;585=<=O

%6 21< 3513< 8L62< 8,1 7-</3<1 56Q<675821 =2;5=,1 < 157/<>5,621 =2 3<87-<7, :15>,8P95>,
, <>,1, 21>,8<- ./2 1,6 7<6 Q-2>/26721 267-2 8,1 1/:2-=,7<=,1V :/2=26 ,><15,6<-

!*%
:-,;823<1 :15>,8P95>,1 9-<N21 =/-<672 8< 2=<= <=/87<V :-,;823<1 ./2 M<;57/<832672 12
3<65Q5217<6 26 <6152=<= 4 =2:-215P6O

%6 72->2- 8/9<- 1/ 56=2:26=26>5< 3267<8 821 882N< < 7-<;<U<- 3/>M, 32U,- 1,8,1 ./2 26
>,3:<YL<V 8, ./2 821 M<>2 2T>2826721 2T:2-7,1 26 1/ 7-<;<U,V :2-, <8 3513, 7523:, 6,
7<6 ;/26,1 :<-< 28 7-<;<U, 26 2./5:,V 2T>2:7, >/<6=, 28 2./5:, 8, =5-5926 288,1O %6
217,1 ><1,1V >/<6=, ./526 =5-592 28 2./5:, 21 /6 1/:2-=,7<=, 28 65N28 =2 2T5926>5< 21
3/4 <87, 4 < 326/=, 1/2826 =217<><- :,- 288,O

%6 >/<-7, 8/9<- 1/ >-2<75N5=<=V 1/ 62>215=<= =2 217<- 1523:-2 566,N<6=, 4 :,6526=, 26


3<->M< 6/2N<1 5=2<1O +,- 217< -<RP6 821 9262-<6 9-<6 Q-/17-<>5P6 8,1 <3;526721
7-<=5>5,6<821V >,6 7<-2<1 -/756<-5<1 4 26 :/217,1 =2 7-<;<U, 156 :,15;585=<= =2
=21<--,88<- 4 <:85><- 1/ 7<8267, 6<7/-<8O %17, 821 882N< < 1/Q-5- /6< 1261<>5P6 =2 Q-<><1,
:2-1,6<8O

%6 >,6>8/15P6V 8,1 1/:2-=,7<=,1 62>2157<6 /6 267,-6, <=2>/<=, =2 =21<--,88, 26 1/


56Q<6>5< :<-< 6, 1/Q-5- 8< 3<4,-L< =2 8,1 :-,;823<1 :15>,8P95>,1 ./2 ,;12-N<3,1 26 8<
2=<= <=/87<O %17,1 :-,;823<1 6, 1,6 -2<832672 :-,:5,1 =2 8< >,6=5>5P6 =2
1/:2-=,7<>5P6V 156, :-,=/>7, =2 8<1 =5Q5>/87<=21 =2 5672-<>>5P6 >,6 1/ 267,-6, 7<67, 26
8< 56Q<6>5< >,3, 26 8< <=,821>26>5<O

c6 267,-6, <=2>/<=, 4 26-5./2>2=,- 26 8< 21>/28<V >,6 >,3:<Y2-,1 >,6 2=<= 3267<8
15358<- < 8< 1/4<V >,6 /6 151723< =2 <:-26=5R<U2 ./2 821 :2-357< =21<--,88<- <8 3KT53,
1/1 ><:<>5=<=21V 4 /6 267,-6, >-2<75N, 4 26-5./2>2=,- 26 28 7-<;<U, 26 28 ./2 :/2=<6
<:,-7<- 1/1 5=2<1 4 1/ >-2<75N5=<=V 21 7,=, 8, ./2 62>2157<6 8,1 1/:2-=,7<=,1 :<-< 12-
Q285>21V 882N<- /6< N5=< 6,-3<8 4 =2U<- =2 12- a-<-,1e 4 :-,;823K75>,1O

_ 1,;-2 7,=, 2N57<- 28 -2>M<R, =2 8,1 =23K1 =/-<672 8< 56Q<6>5< 4 <=,821>26>5<V ./2
=2-5N< < 326/=, 26 <>,1, 56Q<6758 4 3<8,1 7-<7,1O !<=< N2R 217K 3K1 >8<-, :<-< 8,1
:-,Q215,6<821 =2 8< 32=5>56< 4 8< :15>,8,9L< ./2 28 3<87-<7, 56Q<6758 =2U< 12>/28<1 ./2 12
-2N28<6 26 8< 2=<= <=/87<O

%6 2172 12675=, 72623,1 ./2 -2Q2-5-6,1 267-2 ,7-,1 < 8,1 217/=5,1 -2<85R<=,1 26 8<
c65N2-15=<= =2 w<-s5>t >,6 28 E/t2 c65N2-1574 $2=5><8 !2672- ./2 M<6 129/5=, 8<
1<8/= =2 3K1 =2 ?OfBB 65Y,1 =2 !<-,856< =28 &,-72 >,6 2=<=21 267-2 8,1 6/2N2 4 8,1
><7,->2 <Y,1O %8 217/=5, 12 882NP < ><;, =21=2 ?iiD 4 12 2N<8/P 8< 1<8/= =2 ><=< /6, =2
8,1 65Y,1 ><=< <Y, M<17< 8,1 =52>51051 <Y,1V 4 7<3;506 :,172-5,-32672 < 8,1 =52>56/2N2V
< 8,1 N25675/6,V < 8,1 N25675>/<7-, 4 < 8,1 N256751051 <Y,1O

!*&
"./288,1 >M5>,1 ./2 M<;L<6 15=, NL>753<1 =2 ;/884569 726L<6 3K1 726=26>5< < 8<
,;215=<= 4 < ,7-,1 :-,;823<1 9-<N21 =2 1<8/= >/<6=, 12 M<>L<6 3<4,-21V 56>8/426=,
=5<;2721 , >K6>2-O "=23K1 726L<6 3K1 :-,;<;585=<=21 =2 12- 56><:<>21 =2 <Q-,67<-
-28<>5,621 =2 :<-2U< 4 <3517<= < 8<-9, :8<R,V <1L >,3, =2 3<67262- 7-<;<U,1 Q5U,1O

G<3;506 12 217K6 -2<85R<6=, 56N21759<>5,621 ./2 =23/217-<6 28 53:<>7, 62/-,8P95>,


=28 <>,1, 56Q<6758V ./2 =2U< 12Y<821 :2-=/-<;821 26 28 >2-2;-,O

%6 ,7-,1 217/=5,1 -2<85R<=,1 12 -28<>5,6< 28 ;/884569 >,6 8< =2:-215P6 4 8< <6152=<=V
>,6>8/426=, ./2 8,1 217/=5<6721 ./2 M<6 1/Q-5=, <>,1, 21>,8<- 752626 726=26>5< <
=21<--,88<- >/<=-,1 =2 =2:-215P6 4 <6152=<= 26 8< 2=<= <=/87<O

!*'
&1234567 S9 !1 ?A4>6?G>A=?1 E 67: :52><@741@7:

!1 ?A4>6?G>A=?1 >: Y><>@?41<?1

%6 :-532- 8/9<- 32 9/17<-L< >,67217<- < /6< :-29/67< ./2 1523:-2 6,1 M<>26 8,1
:<=-21 =2 8,1 65Y,1 1/:2-=,7<=,1O

%6 8<1 N<8,-<>5,621 ./2 -2<85R<3,1 =2 7,=<1 8<1 2=<=21V 8, ./2 =217<><6 26 :-532- 8/9<-
21 28 :21, =2 8< 926075><O S, 3K1 M<;57/<8 26 6/217-,1 :<>526721 21 ./2 2T517<6
<672>2=26721 =2 1/:2-=,7<>5P6 26 8< Q<3585<O ";/28,1V 7L,1V :-53,1V M2-3<6,1V 8,1
:-,:5,1 :<=-21OOO 6, 1523:-2 =5<96,175><=,1 :2-, ./2 :,- 1/ >,3:,-7<35267,V :,- 1/1
217/=5,1V :,- M<;2- 15=, <>282-<=,1 26 1/ 3,3267, , :,- 1/1 :-,;823<1 <>7/<821 752626
><-<>72-L175><1 =2 1/:2-=,7<=,1O %6 8< 3<4,- :<-72 =2 8,1 ><1,1 >/<6=, :-29/67<3,1
:,- <672>2=26721 Q<3585<-21 1523:-2 2T51726 -2Q2-26>5<1 =2 >,6Q5-3<>5P6 , ;526 =2
1,1:2>M< Q2M<>52672 26 8< Q<3585<O

S,1 217/=5,1 -2<85R<=,1 <8 -21:2>7, 6, 1,6 =272-356<6721O %6 8< 3<4,- :<-72 =2 8<1
56N21759<>5,621 -2<85R<=<1 >,6 92328,1 5=0675>,1 ./2 12 M<6 >-5<=, 26 =5Q2-26721
Q<3585<1 12 >,3:-/2;< ./2 28 :21, =2 8< 926075>< 26 8< =272-356<>5P6 =28 >,>52672
567282>7/<8 21 3/4 53:,-7<672V >5Q-K6=,12 267-2 /6 ,>M267< 4 /6 6,N267< :,- >5267,O

%6 6/217-< ,:565P6 28 :21, =28 >,3:,62672 926075>, 21 7,7<8O )2-2=<3,1 8< 567285926>5<
=2 59/<8 Q,-3< ./2 M2-2=<3,1 28 >,8,- =2 8,1 ,U,1V 8< 217<7/-<V 28 >,8,- =28 :28, , 8<
>,3:82T5P6 =28 >/2-:,O &/217-, >2-2;-, =21=2 28 6<>535267, :,122 /6<1 ><-<>72-L175><1
=2 567285926>5< :-,:5<1 ./2 752626 -28<>5P6 =5-2>7< >,6 8< 567285926>5< =2 6/217-,1
:<=-21V <;/28,1V 27>O

!1 ?A4>6?G>A=?1 >: 61 D>@?@1 @> A5>:4<1 =121=?@1@ =><>I<169

" 326/=, /7585R<3,1 28 1L358 =2 /6 ,-=26<=,-V 28 >2-2;-, =2 /6 1/:2-=,7<=, 75262


3<4,- N28,>5=<= =2 :-,>21<35267,V 3<4,- ><:<>5=<= =2 323,-5< 4 3<4,- ><:<>5=<= =2
-28<>5,6<- 56Q,-3<>5P6V 21V 26 2126>5<V /6 ,-=26<=,- 3K1 :,72672 ./2 28 =2 8<1
:2-1,6<1 6,-3<821O

S< 567285926>5< 75262 -28<>5P6 =5-2>7< >,6 6/217-< N28,>5=<= =2 :261<35267,V 4 8,1
1/:2-=,7<=,1 :261<3,1 3K1 -K:5=,V <:-26=23,1 3K1 -K:5=,V -<R,6<3,1 32U,-O H 8,
./2 21 8, 3513,V 8< 567285926>5< 75262 -28<>5P6 =5-2>7< >,6 8< ><:<>5=<= =2 6/217-,

!*(
>2-2;-, :<-< :-,>21<- 56Q,-3<>5P6V >,6 1/ N28,>5=<= =2 Q/6>5,6<35267,O _ 017< 21
M2-2=57<-5<O

G<3;506 1,823,1 /7585R<- 28 1L358 =2 /6 =2:,-7517< =2 08572V /6 >,--2=,- >,3, c1<56


n,87 ><:<R =2 9<6<- 8,1 ?BB 3O 26 8<1 ,853:5<=<1O %172 =2:,-7517< 6<>5P >,6 /6 >/2-:,
21:806=5=, :<-< >,--2-V >,6 /6< 9-<6 ><:<>5=<= :<-< ,;7262- 8< 3KT53< N28,>5=<= =2
1/1 :52-6<1V =2 156>-,65R<- <8 3KT53, 28 3,N535267, =2 :52-6<1 4 ;-<R,1 :<-< >,6129/5-
28 3KT53, 53:/81, 4 8< 3<4,- N28,>5=<= =2 ><--2-<O '56 23;<-9,V 156 /6 267-26<35267,
4 /6 7-<;<U, >,617<6721 1,;-2 1/1 3[1>/8,1V 6569[6 9-<6 >,--2=,- 26 :,726>5< :,=-L<
9<6<- /6<1 ,853:5<=<1O

"89, 15358<- ,>/--2 >,6 6/217-< 567285926>5<O &/217-< ><:<>5=<= =2 :261<- 217K 26
6/217-, >2-2;-, =21=2 28 6<>535267,V :2-, 15 6, 8< 267-26<3,1V 15 6, 8< /7585R<3,1 :<-<
<:-26=2- ><=< N2R 3K1V 15 6, 8< 1,32723,1 >,6756/<32672 < -27,1 6, 12-23,1 ><:<>21
=2 ,;7262- =2 288< 8,1 :-,=/>7,1 , :261<35267,1 ./2 12 21:2-<6 =2 /6< :2-1,6< 3/4
56728592672V 4 :,- 288, ./5RK1 6, :,=-23,1 ,;7262- 8<1 3KT53<1 :/67/<>5,621 26 8,1 7217
=2 !,>52672 F67282>7/<8O

" 326/=, 6,1 26>,67-<3,1 >,6 UPN2621 >,6 9-<6 ><:<>5=<= 567282>7/<8 ./2 1,6
><:<>21 =2 -21,8N2- 156 :-,;823<1 8,1 7217 :/-<32672 8P95>,1V 8,1 7217 =2 53K92621V 8,1
./2 -2./52-26 N28,>5=<= =2 :261<35267, 4 ><:<>5=<= =2 -<R,6<35267,V :2-, ;<U<6
>,615=2-<;8232672 1/ :/67/<>5P6 26 8,1 7217 N2-;<821 :,-./2 6, 752626 28 65N28 >/87/-<8
./2 12-L< 21:2-<;82 =2 1/ 567285926>5<V :,-./2 =2U<-,6 =2 217/=5<- =23<15<=, :-,67, 4
7<3:,>, 1,6 ;/26,1 82>7,-21O ',6 3/4 567285926721 =2 6<>535267,V :2-, 821 M< Q<87<=, 28
267-26<35267, ./2 :2-3572 ./2 1/ 567285926>5< 4 1/ ><:<>5=<= ;-58826O %172 21 28
>,3:,62672 <3;5267<8 ./2 <Q2>7< <8 =21<--,88, =2 8< 567285926>5<O

'5 +5><11, M/;5212 6<>5=, 26 /6 M,9<- M/358=2 156 <>>21, <89/6, <8 3/6=, =2 8<
:567/-<V 26 8/9<- =2 12- M5U, =2 /6 :567,-V ./5RK1 6/6>< M<;-L<3,1 >,6,>5=, 1/ 9265,O '5
$,R<-7 6, M/;5212 6<>5=, 26 /6< Q<3585< =2 3[15>,1 ./5RK1 6/6>< M/;50123,1 :,=5=,
=51Q-/7<- =2 1/1 3<-<N588,1<1 >-2<>5,621O '/ ><:<>5=<= 217<;< :-212672 =21=2 28
6<>535267,V :2-, 28 32=5, 26 28 ./2 12 =21<--,88<-,6 821 :2-3575P ,;7262- 8,1 3KT53,1
-21/87<=,1 =2 1/ 7<8267,O

$>T?A?=?7A>: @> 61 ?A4>6?G>A=?1

!*)
!<15 7,=, 28 3/6=, 75262 3K1 , 326,1 >8<-, 8, ./2 15965Q5>< 12- 56728592672I ><:<RV
217/=5,1,V ;-588<672V 569265,1,V 2T57,1,OOO 4 156 23;<-9, 8,1 >5267LQ5>,1 6, <><;<6 =2
:,62-12 =2 <>/2-=, 1,;-2 ./0 21 2T<>7<32672V </6./2 1L 26 >P3, 32=5-8<O

S< :<8<;-< 567285926>5< :-,N5262 =28 8<7L6 "-%#22#7#$#V 70-356, >,3:/217, =2 "-%#$
y267-2y 4 2#7#$# y822-V 21>,92-yV :,- 8, ./2V 2753,8P95><32672V 56728592672 21 ./526 1<;2
21>,92-O

S< 567285926>5<V 129[6 8< =2Q565>5P6 3K1 153:82V 21 6/217-< ><:<>5=<= :<-< -21,8N2-
:-,;823<1O %6 28 <Y, ?iif >56>/267< :-,Q21,-21 =2 8<1 3K1 :-217595,1<1 /65N2-15=<=21
=2 c'"V !<6<=K 4 g-<6 n-27<Y< Q5-3<-,6 /6 =,>/3267, :/;85><=, 565>5<832672 26 28
w<88 '7-227 J,/-6<8 4 :,172-5,-32672 26 8< -2N517< F672885926>2O %6 28 3513, 12
1/;-<4<6 8<1 >,6>8/15,621 3K1 53:,-7<6721 =2 8,1 56N21759<=,-21 26 F67285926>5<O %6
>/<67, < 8< 6<7/-<82R<V 2N<8/<>5P6 4 <:85><>5P6 =2 8< 567285926>5< 12 -2>,92 8, 159/52672I

0K"7-";"!&)+ : Q#)")& )# 2& P-%#2"7#-!"&V

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)#.&I+ )# ah B5P ahRap #' !+-'")#$&)+ & 8#-()+ !+8+ #2 (8.$&2 )#2 $#%$&'+ 8#-%&2C4

p4 F+' %#'%' )# "-%#2"7#-!"& -+ #'%9- !(2%($&28#-%# '#'7&)+' )# ;+$8& ,(# *#$I()",(#-


& 2&' *#$'+-&' )# !+2+$A + & +%$&' $&>&'4 3+$ #2 !+-%$&$"+A 2&' *(-%(&!"+-#' #- 5P
*$#)"!#- !+- 2& 8"'8& *$#!"'"6- *&$& %+)+' 2&' *#$'+-&'A "-)#*#-)"#-%#8#-%# )# '(
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89' "-%#2"7#-%#'C : 2& &!%"=")&) #2W!%$"!& )#2 !#$#.$+ B)";#$#-%#C4

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^4 D2 5P '# $#2&!"+-& -+%&.2#8#-%#A *$+.&.2#8#-%# 89' ,(# !(&2,("#$ +%$& 8#)")&


/(8&-& )# !&$9!%#$ H-"!+A !+- -(8#$+'+' #=#-%+' #)(!&!"+-&2#'A +!(*&!"+-&2#'A
#!+-68"!+' : '+!"&2#' "8*+$%&-%#'4 K( $#2&!"6- !+- #2 ."#-#'%&$ : #2 $#-)"8"#-%+ )# 2+'
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!+-'"'%#-%# #- +%$&' B!(8*2"8"#-%+ )# 2&' 2#:#'C4 F+ ,(# ,("#$& ,(# '#& ,(# #2 5P 8")#A
#' )# 7$&- "8*+$%&-!"& *$9!%"!& : '+!"&24

s4 <- 5P &2%+ #' (-& =#-%&I& #- 2& =")& *+$,(# *$9!%"!&8#-%# %+)&' 2&' &!%"=")&)#'
$#,("#$#- #- &27(-& 8#)")& )# $&>+-&8"#-%+ : %+8& )# )#!"'"+-#'4 P-=#$'&8#-%# #2
5P .&I+ #' & 8#-()+ (-& )#'=#-%&I&A #'*#!"&28#-%# #- #-%+$-+' )#'+$7&-">&)+'4 S+
+.'%&-%#A (- 5P &2%+ -+ 7&$&-%">& #2 WE"%+ #- 8&:+$ 8#)")& ,(# (- 5P .&I+ 7&$&-%">&
#2 ;$&!&'+ #- 2& =")&4 DE"'%#- 8(!/&' #E!#*!"+-#'A *#$+ 2&' =#-%&I&' )#2 WE"%+ #-
-(#'%$& '+!"#)&) ;&=+$#!#- &8*2"&8#-%# & &,(#22+' "-)"=")(+' !+- 8&:+$ 5P +
'(*#$)+%&)+'4

k4 F& =#-%&I& *$9!%"!& )# *+'##$ (- 8&:+$ 5P '# "-!$#8#-%& #- 2& 8#)")& #- ,(# 2&
=")& '# =(#2=# 89' !+8*2#I& B-+=#)+'&A &8."7(&A !&8."&-%#A "8*$#)#!".2# +
8(2%";&!W%"!&C4 3+$ #I#8*2+A (- 5P #2#=&)+ #' 7#-#$&28#-%# -#!#'&$"+ *&$&

!!!
)#'#-=+2=#$'# ."#- #- %$&.&I+' 8+)#$&)&8#-%# !+8*2#I+'m *#$+ -+ *$+*+$!"+-& %&-%&
=#-%&I& #- #-%+$-+' ,(# '+2+ $#,("#$#- %+8& )# )#!"'"+-#' $(%"-&$"&' + $#'+2(!"6- )#
*$+.2#8&' '"8*2#'4

i4 F&' )";#$#-!"&' #- "-%#2"7#-!"& -+ '+-A !"#$%&8#-%#A 2+' H-"!+' ;&!%+$#' ,(# &;#!%&-
&2 $#-)"8"#-%+ #- 2& #)(!&!"6-A #2 #-%$#-&8"#-%+ : #- %$&.&I+' &2%&8#-%# !+8*2#I+'
B-&)"# )"!# ,(# 2+ '#&-C *#$+ 2& "-%#2"7#-!"& #' & 8#-()+ 2& 89' "8*+$%&-%#4 5(&-)+
2+' "-)"=")(+' :& /&- '")+ '#2#!!"+-&)+' #- ;(-!"6- )# '( 5P B&2%+ + .&I+C :A *+$ %&-%+A
:& -+ )";"#$#- )#8&'"&)+ #- 5PA 2& "-;2(#-!"& )# +%$+ %"*+ )# =&$"&.2#' '+.$# #2
$#-)"8"#-%+ *(#)# '#$ 8&:+$ #- !+8*&$&!"6-4

p4 5"#$%+' $&'7+' )# *#$'+-&2")&)A #'*#!"&28#-%# %&2#-%+'A &*%"%()#'A !&*&!")&)#'


;@'"!&'A #E*#$"#-!"&A #%!4 '+- "8*+$%&-%#' B&27(-&' =#!#' #'#-!"&2#'C *&$& (-
$#-)"8"#-%+ '&%"';&!%+$"+ #- 8(!/+' %$&.&I+'A *#$+ %"#-#- (-& &*2"!&!"6- 89'
$#)(!")& : (- !&*&!")&) )# 7#-#$&2">&!"6- 8#-+$ #- !+8*&$&!"6- !+- 2& "-%#2"7#-!"&
7#-#$&24 127(-+' *$+;#'+$#' *$#;"#$#- $#;#$"$'# & #'+' +%$+' $&'7+' /(8&-+' !+8+
+%$&' "-%#2"7#-!"&'J4

%67-2 8,1 2T:2-7,1 ./2 M<6 Q5-3<=, 217< =2>8<-<>5P6 12 26>/267-<6 >5267LQ5>,1 >,3, JOnO
!<--,88V #OnO !<7288V EOxO E2772-3<6V )OJO %4126>tV JO$O ),-6V 'O '><--V #O$O GM,-6=5t2
, +O" ]2-6,6 267-2 ,7-,1O W?D =2 E5>523;-2 =2 ?iifXO

*?27: @> ?A4>6?G>A=?1

!<7288V 267-2 ,7-,1 >5267LQ5>,1 >,3, N2-23,1V M< =21>-57, =5Q2-26721 75:,1 =2 567285926>5<O
%67-2 017,1 =217<><3,1 8< 567285926>5< Q8/5=< >,3, 8< N28,>5=<= =2 :-,>21<35267, =2
6/217-, >2-2;-,V 4 8< 567285926>5< >-517<85R<=<V >,3, 28 >,6U/67, =2 7,=, <./288, ./2
N<3,1 <15358<6=, 4 <:-26=526=, < 8, 8<-9, =2 8< N5=< 4 ./2 N<3,1 56>,-:,-<6=, <
6/217-< ><:<>5=<= =2 12- 567285926721O '5 ;526 8< 567285926>5< >-517<85R<=< 129/5-L<
>-2>526=, < 8, 8<-9, =2 8,1 <Y,1V 8< 567285926>5< Q8/5=< 23:2R<-L< < =2>856<- <8 >,3526R,
=2 8< 72->2-< 2=<=O

G<3;506 1,6 4< 3/4 >,6,>5=,1 ,7-,1 75:,1 =2 567285926>5<V 8<1 567285926>5<1 3[875:821
=2 ),s<-= g<-=62-V 8< F67285926>5< %3,>5,6<8V :2-, >/<6=, M<;8<3,1 =2 1/:2-=,7<=,1
26 9262-<8V 217<3,1 M<;8<6=, =2 567285926>5< 9262-<8V =28 Q<>7,- 9 ./2 6,1 :2-3572
-21,8N2- :-,;823<1 4 ./2 12 35=2 >,6 8,1 7217 =2 567285926>5<O

L?:47<?1 @> 61: D>@?=?7A>: @> ?A4>6?G>A=?1

!!"
'29[6 8,1 217/=5,1 -2<85R<=,1V 12 <1596< 8< >5Q-< =2 ?BB :<-< 8< 567285926>5< 32=5< =2 8<
:,;8<>5P6V =217<><6=, :,- <--5;< 8<1 :2-1,6<1 ./2 752626 /6< 567285926>5< 1/:2-5,- <
?DB W/6 DB^ 1/:2-5,- < 8< 32=5< =2 8< :,;8<>5P6X ./2 21 < 8, ./2 88<3<3,1
1/:2-=,7<=,1 26 :-K>75><32672 7,=,1 8,1 K3;57,1 4 < 8,1 ./2 6,1 -2Q2-53,1 26 2172
85;-,O

S,1 :-532-,1 7217 =2 567285926>5< :<-< 65Y,1 Q/2-,6 =512Y<=,1 :,- "8Q-2= n5627 4
GM2,=,-2 '53,6 26 Z-<6>5< < :-56>5:5,1 =28 1598, || :<-< 5=2675Q5><- < 8,1 21>,8<-21 ./2
62>2157<;<6 2=/><>5P6 21:2>5<8O '2 -2<85R<;<6 2N<8/<6=, 8<1 7<-2<1 ./2 6,-3<832672
-2<85R<;<6 8,1 65Y,1 =2 /6< =272-356<=< 2=<= 4 >,3:<-<6=, 28 =21<--,88, =2 ><=< /6,
>,6 8< 32=5< =2 8,1 65Y,1 =2 1/ 2=<=O "1L 12 =272-356<;< 15 8< 2=<= 3267<8 =2 /6 65Y,
2-< 1/:2-5,- , 56Q2-5,- < 8< 6,-3<8 26 8,1 65Y,1 =2 1/ 2=<=O

%8 >,>52672 567282>7/<8 Q/2 23:82<=, :,- 28 :15>P8,9, w5885<3 '72-6 26 ?i?C :<-<
:/67/<- 8,1 -21/87<=,1 =2 8,1 :-532-,1 7217 =21<--,88<=,1 :,- "8Q-2= n5627 4 GM2,=,-2
'53,6 4 :<-< :,=2- >,3:<-<-8,1 267-2 1LO %17< Q,-3< =2 ><8>/8<- 28 >,>52672 567282>7/<8
Q/6>5,6<;< ;526 M<17< 8,1 ?@v?h <Y,1O " :<-75- =2 21< 2=<= 21< QP-3/8< =2U<;< =2
Q/6>5,6<- :,-./2 28 >,>52672 567282>7/<8 <:<-267232672 =51356/L< >,6 ><=< <Y, =2
=21<--,88,V 8, >/<8 6, 21 -2<8O E2 M2>M, 28 >,>52672 567282>7/<8 12 3<675262
:-K>75><32672 217<;82 < 8, 8<-9, =2 8< N5=<O

%N<8/<6=, 8,1 32U,-21 307,=,1 :<-< 32=5- 8< 567285926>5< ':2<-3<6 :,17/8< ./2 8<1
:-/2;<1 =2 567285926>5< 56>8/426 =,1 2823267,1I /6 Q<>7,- 9262-<8 W9X >,67265=, 26
7,=<1 8<1 :-/2;<1 4 ,7-, 21:2>LQ5>, W1X :-,:5, =2 8<1 M<;585=<=21 32=5=<1 26 28
5617-/3267, /7585R<=,O $5267-<1 28 Q<>7,- 9 :2-3<62>2 >,617<672 26 7,=< 8< <>75N5=<=
567282>7/<8V 28 Q<>7,- 1 N<-L< =2 <>/2-=, < 8<1 ><-<>72-L175><1 , -2./2-535267,1 =2 8<
3513<V <1L =5>M, Q<>7,- 9 12-L< 8< 32=5>5P6 3K1 <=2>/<=< =2 8< 567285926>5<O

GM/-17,62 W?iDhX 12Y<8< 15272 >,3:,626721 Q/6=<3267<821 =2 8< 567285926>5<I


>,3:-2615P6 N2-;<8V M<;585=<= 6/30-5><V 323,-5<V -<R,6<35267, 56=/>75N, 4
=2=/>75N,V :2->2:>5P6 4 -28<>5,621 N51/<821 4 21:<>5<821O +,172-5,-32672 26>/267-< /6
Z<>7,- g 9262-<8 ./2 56>8/42 < 8,1 >,3:,626721 <672-5,-21

$K1 7<-=2 !<77288 W?i@DX 217/=5< 8,1 <1:2>7,1 926075>,1 4 >/87/-<821 =2 8< 567285926>5< 4
:,17/8< ./2 8< 567285926>5< 12 >,3:,62 =2 =,1 Q<>7,-21 =2 129/6=, ,-=26V 8,1 ./2 4<
<=28<67<3,1 >,3, 567285926>5< Q8/5=< 2 567285926>5< >-517<85R<=<O S< :-532-< 726=-L< /6
,-5926 926075>, 4 8< 129/6=< N26=-L< >,3, -21/87<=, =2 8< 2T:2-526>5< 4 28 <:-26=5R<U2
./2 :2-3572 -2<85R<- =272-356<=<1 <>75N5=<=21O

),4 26 =L< 28 >,>52672 567282>7/<8 12 ><8>/8< 26 ;<12 < 8< =517-5;/>5P6 =2 8< :,;8<>5P6V
<1596K6=,12 :<-< ><=< 2=<= 28 N<8,- ?BB < 8,1 -21/87<=,1 ,;7265=,1 :,- 8< 3<4,-L< =2 8<

!!#
:,;8<>5P6V 4 26 Q/6>5P6 =2 8< =21N5<>5P6 -21:2>7, < 212 N<8,- 32=5, 12 ><8>/8< 28
>,>52672 567282>7/<8O

S< =517-5;/>5P6 =2 8< 567285926>5< 26 8< :,;8<>5P6 9262-<8 75262 8< Q,-3< =2 /6<
><3:<6< =2 g</11O S< 1/:2-=,7<>5P6 1/:,62 217<- =,1 =21N5<>5,621 7L:5><1 1,;-2 8<
32=5<V 8, ./2 =< >,3, -21/87<=, /6 >,>52672 567282>7/<8 =2 ?DB 4 :,- 8, 7<67, 12- 3K1
56728592672 ./2 28 ih ^ =2 8< :,;8<>5P6O

S< 567285926>5< 32=5< =2 8< :,;8<>5P6 M< 1/;5=, =21=2 ./2 12 >,326RP < 32=5- <
:-56>5:5,1 =28 1598, ||V 56>-23267K6=,12 /6< 32=5< =2 7-21 :/67,1 :,- =0><=<O " 2172
Q26P326, 12 82 >,6,>2 >,3, 2Q2>7, Z8466O G,=<NL< 6, 12 1<;2 >,6 >2-72R< 15 2172
</3267, 12 =2;2 < /6 >-2>535267, -2<8 =2 8< 567285926>5< , 3K1 ;526 < 2--,-21
:-,=/>5=,1 :,- 8,1 :-,:5,1 7217 /7585R<=,1O

!?:47: 7 ?A4>6?G>A4>:

G,=,1 217<3,1 <>,17/3;-<=,1 < 88<3<- SF'GH < <./288< :2-1,6< >,6 0T57, 26 8< N5=<V
>,6 1/2-72 ./5RK1V :2-, 7<3;506 >,6 21< M<;585=<= 6<7/-<8 :<-< >,6129/5- 8, ./2 =212<O
_ 3/4 < 326/=, 2172 -2>,6,>535267, :,>, 75262 ./2 N2- >,6 ./2 21< :2-1,6< 1<><-<
;/26<1 6,7<1V 1526=, Q-2>/26721 8,1 ><1,1 =2 /6 -28<75N<32672 ;<U, -26=535267,
21>,8<-V /65=, < /6< 9-<6 M<;585=<= :<-< =217<><- 1,;-2 8,1 =23K1 26 3/8757/= =2
<1:2>7,1V 267-2 288,1 /6< =2 8<1 3K1 53:,-7<6721V 8< M<;585=<= :<-< -28<>5,6<-12 >,6 8,1
=23K1O

'5 6,1 <72623,1 < =2Q565- >,3, F&G%SFg%&G% < 8<1 :2-1,6<1 >,6 <87, !FV /6< =2 8<1
>,6>8/15,621 =2 8,1 217/=5,1 217<=L175>,1 26 +15>,8,9L< 21 ./2 28 <87, !F 26 9262-<8 6,
:-2=5>2 28 0T57, 26 8< N5=<O 'L 1/282 ,>/--5- ./2 8<1 :2-1,6<1 >,6 /6 !F ;<U, 1/2826
<><;<- 726526=, 7-<;<U,1 3<8 :<9<=,1V 35267-<1 ./2 8<1 ./2 752626 /6 !F 282N<=,
1/2826 7262- 7-<;<U,1 32U,- :<9<=,1O +2-, 6, 1523:-2 21 <1LO

),s<-= g<-=62-V 26 1/ 85;-, aZ-<321 ,Q $56=I GM2 GM2,-4 ,Q $/875:82 F672885926>21eV


<Q5-3< ./2 6, 2T5172 /6 [65>, 75:, =2 567285926>5< ./2 -21/872 2126>5<8 :<-< 28 0T57, 26 8<
N5=<V 156, ./2 <8 326,1 M<4 15272 N<-52=<=21 =517567<1 =2 567285926>5<O

%67-2 288<1 8<1 <><=035><1 W8< ><:<>5=<= N2-;<8 4 8< <:757/= 8P95>,v3<723K75><XV 8<
><:<>5=<= 21:<>5<8V 28 7<8267, t56217015>, W3<65Q5217, 26 8< Q8/5=2R 4 8< 9-<>5< >,-:,-<8
=2 8,1 <7827<1 4 ;<58<-5621XV 8<1 =,721 3/15><821 4 8<1 =,1 567285926>5<1 :2-1,6<821I 8<
567285926>5< 5672-:2-1,6<8 W8< =2 8,1 8L=2-21XV 4 8< 567285926>5< 567-<:2-1,6<8 ,
1<751Q<>>5P6 5672-6< ./2 126753,1 >/<6=, 6/217-< N5=< 12 M<88< 26 <-3,6L< >,6 6/217-,1
1267535267,1O

!!$
E<6528 g,823<6 26 1/ 85;-, aS< F67285926>5< %3,>5,6<8e 6,1 M<;8< =2 ,7-<1 M<;585=<=21
./2 1L :<-2>26 7262- /6< -28<>5P6 >8<-< >,6 28 0T57, 26 8< N5=<O )<;585=<=21
%3,>5,6<821V )<;585=<=21 !,96575N<1 4 )<;585=<=21 =2 !,6=/>7< ./2 12 :/2=26
=21<--,88<-I

L1I?6?@1@>: )D7=?7A16>: =7D7I

v F=2675Q5><- 4 275./27<- 8,1 1267535267,1O

v %T:-21<- 8,1 1267535267,1O

v %N<8/<- 8< 5672615=<= =2 8,1 1267535267,1O

v !,67-,8<- 8,1 1267535267,1O

v E23,-<- 8< 9-<75Q5><>5P6O

v !,67-,8<- 8,1 53:/81,1O

v #2=/>5- 28 217-01O

v !,6,>2- 8< =5Q2-26>5< 267-2 8,1 1267535267,1 4 8<1 <>>5,621O

L1I?6?@1@>: &7GA?4?V1:/

v )<;8<- >,6 /6, 3513,I 3<67262- /6 =5K8,9, 5672-6, >,3, Q,-3< =2 <Q-,67<- /6 723<
/ ,:,62-12 , -2Q,-R<- 8< :-,:5< >,6=/>7<O

v '<;2- 822- 2 5672-:-27<- 56=5><=,-21 1,>5<821I -2>,6,>2-V :,- 2U23:8,V 8<1 56Q8/26>5<1
1,>5<821 1,;-2 8< >,6=/>7< 4 N2-12 < /6, 3513, ;<U, 8< :2-1:2>75N< 3K1 <3:85< =2 8<
>,3/65=<=O

v E5N5=5- 26 :<1,1 28 :-,>21, =2 7,3< =2 =2>515,621 4 =2 -21,8/>5P6 =2 :-,;823<1I :,-


2U23:8,V =,356<- 8,1 53:/81,1V 217<;82>2- ,;U275N,1V =272-356<- <>>5,621 <872-6<75N<1V
<675>5:<- >,612>/26>5<1V 27>072-<O

v !,3:-26=2- 28 :/67, =2 N517< =2 8,1 =23K1O

v !,3:-26=2- 8<1 6,-3<1 =2 >,6=/>7< W8, ./2 21 4 8, ./2 6, 21 /6< >,6=/>7< <>2:7<;82X

v $<67262- /6< <>757/= :,1575N< <672 8< N5=<O

v !,6>526>5< =2 /6, 3513,I :,- 2U23:8,V =21<--,88<- 21:2-<6R<1 -2<8517<1 1,;-2 /6,
3513,O

!!%
L1I?6?@1@>: @> &7A@5=41/

v &, N2-;<821I >,3/65><-12 < 7-<N01 =28 >,67<>7, N51/<8V 8< 2T:-215P6 Q<>5<8V 28 7,6, =2
N,RV 8,1 9217,1V 27>072-< O

v ]2-;<821I 26N5<- 3261<U21 >8<-,1V -21:,6=2- 2Q5><R32672 < 8< >-L75><V -215175- 8<1
56Q8/26>5<1 629<75N<1V 21>/>M<- < 8,1 =23K1 4 :<-75>5:<- 26 9-/:,1 :,1575N,1 =2
>,3:<Y2-,1O

'72:M26 #O !,N24 26 1/ 85;-, aS,1 k )K;57,1 =2 8< g2672 "87<32672 %Q2>75N<e >57< <
"-517P72821 l1523;-< /6 :261<35267,V >,12>M< /6< <>>5P6z 1523;-< /6< <>>5P6V >,12>M<
/6 MK;57,O 1523;-< /6 MK;57,V >,12>M< /6 ><-K>72-z 1523;-< /6 ><-K>72-V >,12>M< /6
=21756,l 4 =2Q562 >/<821 1,6 8,1 MK;57,1 62>21<-5,1 :<-< 28 0T57, 26 8< N5=<I

v +-,<>75N5=<= v )K;57, =2 8< -21:,61<;585=<= v :-,=/>2 S5;2-7<=O

v %3:2R<- >,6 /6 Q56 26 32672 P )K;57, =28 85=2-<R9, :2-1,6<8 v E< 12675=, < 6/217-<
N5=<O

v %17<;82>2- :-532-, 8, :-532-, , )K;57, =2 8< <=356517-<>5P6 :2-1,6<8 v &,1 2612Y< <
:-5,-5R<- 8< 53:,-7<672 1,;-2 8, /-92672O

v +261<- 26 9<6<-A9<6<- , )K;57, =28 ;262Q5>5, 3/7/, v E< >,3, -21/87<=, 28 n526
>,3[6 4 8< 2./5=<=O

v +-,>/-<- 1523:-2 :-532-, >,3:-26=2- 4 =21:/01 12- >,3:-26=5=, , )K;57, =2 8<


>,3/65><>5P6 2Q2>75N< v +-,=/>2 #21:27, 4 32U,-< 8< >,6N5N26>5<O

v '562-95R<- , )K;57, =2 8< 5672-=2:26=26>5< v $2U,-< 8,1 8,9-,1 4 8< ><:<>5=<= =2


566,N<>5P6O

v "Q58<- 8< 152--< , )K;57, =2 8< 32U,-< >,6756/< v $2U,-< 28 ;<8<6>2 4 :2-3572 8<
-26,N<>5P6O

G262- /6 <87, !F 26 <;1,8/7, 21 9<-<67L< =2 0T57, 26 8< N5=<V [65><32672 21 /6< 9-<6
M2--<35267< :<-< <:-26=2-V 26 :-56>5:5, 26 8< 21>/28<V :2-, 7<3;506 :<-< <:-26=2- <
-28<>5,6<-12 >,6 8,1 =23K1V < ;/1><- 4 =21<--,88<- 8,1 32U,-21 >,3:,-7<35267,1V 8,1
32U,-21 MK;57,1 :2-1,6<821V :<-< 8829<- < 7262- /6< N5=< :826< 4 Q285R 26 1,>52=<=O

!!&
&1234567 U9 %A4>6?G>A=?1 E _>6?=?@1@

pS< F67285926>5< 6,1 M<>2 3K1 Q285>21q S< -21:/217< 3K1 -K:5=< ./2 12 6,1 ,>/--2 21 ./2
6,V ./2 < N2>21 6,1 9/17<-L< 12- /6 :,>, 326,1 567285926721 :<-< =51Q-/7<- 3K1 =2 8<1
>,1<1 ;/26<1 =2 8< N5=<V =2 Q,-3< 126>588<V 156 217<- ;/1><6=, 1523:-2 212 <89, 3K1 ./2
><-<>72-5R< < 8<1 :2-1,6<1 567285926721 4 26 9262-<8 < 8,1 12-21 M/3<6,1O

+,- /6< :<-72 8< 567285926>5< 6,1 <;-2 /6 3588P6 =2 :/2-7<1 :<-< 56N21759<-V :<-<
-2<85R<- <>75N5=<=21 6/2N<1 >,6 9-<6=21 :,15;585=<=21 =2 0T57,V :<-< 217<- 1523:-2
<:-26=526=, W/6< =2 8<1 >,1<1 3K1 9-<75Q5><6721 ./2 :,=23,1 M<>2- 8,1 12-21
M/3<6,1XV :<-< 2612Y<- 4V 26 =2Q56575N<V :<-< >,3:-26=2- 32U,- 8, ./2 ,>/--2 <
6/217-, <8-2=2=,-O

+2-, :,- ,7-< :<-72 7<3;506 21 28 <-3< 3K1 :2859-,1< ./2 :,1223,1 :<-< <82U<-6,1 =2
8,1 ><356,1 >,3/621V =2 <./288, ./2 M<;57/<832672 12 >,6,>2 >,3, lM<>2- 8,
<=2>/<=,l 4 ./2 1/282 12- 9<-<67L< =2 0T57,O

"1L 6,1 26>,67-<3,1 < 1/:2-=,7<=,1 <=/87,1 >,6 /6<1 2T>2826721 -28<>5,621 Q<3585<-21
4 >,6 /6 6[32-, 53:,-7<672 =2 <359,1 >,6 8,1 ./2 >,3:<-726 1/ N5=< >,6 9262-,15=<=
4 ;/26 M/3,-V :2-, >,6 9-<N21 :-,;823<1 :<-< 1,3272-12 < 8< =51>5:856< =2 /6 7-<;<U,
:,- >/267< <U26<V :<-< 1,3272-12 < 8<1 P-=2621 =2 /6 U2Q2 >,6 326,1 8/>21O

G<3;506 6,1 :,=23,1 26>,67-<- < 2T>2826721 7-<;<U<=,-21V 3/4 ;/26,1 26 1/ ><3:,V
./2 >/3:826 -28595,1<32672 >,6 1/1 ,;859<>5,621 8<;,-<821 4 =<6 3/4 3/>M, 3K1 =2 8,
./2 12 21:2-< =2 288,1 26 212 72--26,V :2-, 752626 9-<N21 :-,;823<1 26 8<1 -28<>5,621
:2-1,6<821V >,6 =5Q5>/87<= :<-< 26>,67-<- 4 3<67262- /6< :<-2U< 217<;82 4A, <359,1
Q/2-< =28 K3;57, 8<;,-<8 ./2 12 <=<:726 < l1/1 3<6L<1l 4 < 1/ Q,-3< =2 53:85><-12 26
1/1 :-,:5,1 :-,42>7,1 :2-1,6<821O

!,3, 12-21 1,>5<821 :<-< 12- Q285>21 62>2157<3,1 12675-6,1 56729-<=,1 26 /6< Q<3585<V
/6 9-/:, =2 <359,1 4 12675-6,1 [75821 26 8< 1,>52=<=O '2- /6 1/:2-=,7<=, 6, 21 6569/6<
9<-<67L< =2 Q285>5=<=V 156, ./2 :,- 28 >,67-<-5, =2;23,1 8/>M<- :<-< <8><6R<-8<O

!,3, 2U23:8,1 =2 N5=<1 5--29/8<-21 4 6, 2T>215N<32672 Q285>21 72623,1 < 3/>M,1 =2


8,1 9-<6=21 9265,1I %5617256V +5><11,V g,27M2V &527R1>M2V $,R<-7OO Q<3,1,1 :,- 1/1
9-<6=21 <:,-7<>5,621 < 8< M/3<65=<=V :2-, 7<3;506 :,- 1/1 723:217/,1<1 N5=<1
Q<3585<-21O

!!'
\N><7 Z5X >: 61 T>6?=?@1@^

%8 #24 =2 n/7K6 26 ?ikCV J5932 '56942 w<69>M/>tV :-,:/1, ><8>/8<- 8< Q285>5=<=
6<>5,6<8 ;-/7< =2 1/ :<L1 4 /7585R<- 28 >57<=, 56=5><=,- :<-< 32=5- 8< ><85=<= =2 N5=< =2
1/1 >5/=<=<6,1O

%8 L6=5>2 =2 8< Q285>5=<= 6<>5,6<8 ;-/7< 12 35=2 < 7-<N01 =2 /6 >/2175,6<-5, ./2 217/=5<
6/2N2 =532615,621 ./2 56=5><6 8< Q285>5=<= =28 :<L1I

?O n526217<- :15>,8P95>,O CO c1, =28 7523:,O DO ]57<85=<= =2 8< >,3/65=<=O fO !/87/-<O mO


'<8/=O @O %=/><>5P6O kO E5N2-15=<= 32=5,<3;5267<8O hO &5N28 =2 N5=<O iO g,;52-6,

E21=2 28 ,-5926 =2 8< >/87/-< 8,1 12-21 M/3<6,1 12 M<6 :-2,>/:<=, :,- 8< Q285>5=<=V ./0
M<>2 -2<832672 Q285R <8 12- M/3<6, 4 >P3, >,6129/5-8,O +2-, 8< N515P6 1,;-2 8< Q285>5=<=
M< N<-5<=, 129[6 8< 0:,><I

?O +<-< "-517P72821 12- Q285R 2-< </7,--2<85R<-12V <8><6R<- 8<1 :-,:5<1 327<1O
CO +<-< 8,1 >L65>,1 4 8,1 217,5>,1 12- Q285R 2-< 12- </7,1/Q5>52672V N<82-12 :,- 1L
3513, 156 =2:26=2- =2 6<=< 65 =2 6<=52O

DO +<-< 8,1 M2=,6517<1 >,3, %:5>/-, 12- Q285R 2-< 2T:2-53267<- :8<>2- 567282>7/<8 4
QL15>, 4 >,6129/5- 2N57<- 28 1/Q-535267, 3267<8 4 QL15>,O

fO +<-< 8,1 -<>5,6<8517<1 >,3, S25;65R 8< Q285>5=<= 21 8< <=2>/<>5P6 =2 8< N,8/67<=
M/3<6< < 8< -2<85=<=O

mO +<-< 8,1 /75857<-517<1 >,3, J,M6 '7/<-7 $588V 8< Q285>5=<= 12-L< 8< 1<751Q<>>5P6 =2
8,1 :8<>2-21 1/:2-5,-21O

@O +<-< 8,1 =2Q261,-21 =2 8< :15>,8,9L< :,1575N<V 8< Q285>5=<= 21 /6< <>757/=V /6<
=2>515P6 :2-1,6<8 >,61>52672O !-226 12 21 -2<832672 Q285R >/<6=, 8< :2-1,6<
=2>5=2 <>2:7<- >P3, 21V >/K8 21 1/ 267,-6, 4 1/ :<1<=,V 4 >,617-/42 1/ N5=< <
:<-75- =2 <MLO

kO +<-< 8,1 ,-5267<821 8< Q285>5=<= 21 28 :-,=/>7, =2 /6 217<=, =2 <-3,6L< 5672-6<


=28 12- M/3<6,V <-3,6L< ./2 :-,=/>2 ;526217<- :15>,8P95>, ./2 :2-=/-< 26 28
7523:,O

hO +<-< ,7-,1 :261<=,-21 >,3, &527R1>M2 28 12- M/3<6, 6, :/2=2 12- Q285R :,-./2
217K =21756<=, < 1/Q-5-O

!!(
'29[6 ]226M,N26 W?ii?X 28 ;526217<- :15>,8P95>, =2 /6< :2-1,6< =2:26=2 =28 U/5>5,
:,1575N, , 629<75N, ./2 M<>2 =2 1/ N5=<V 26 Q/6>5P6 =2 =,1 :<-K327-,1V :261<35267,1 4
<Q2>7,1O %6 28 K-2< =2 8,1 :261<35267,1V 8< 1<751Q<>>5P6 >,6 1/ N5=< 75262 ./2 N2- >,6 8<
=517<6>5< :2->5;5=< 267-2 1/1 <1:5-<>5,621 4 1/1 8,9-,1O "1L 28 56=5N5=/, 12 152672
-2<85R<=, 15 >-22 ./2 N< >,6159/526=, 1/1 <1:5-<>5,621 4 12 12675-K Q-<><1<=, 26 ><1,
>,67-<-5,O %6 >/<67, <8 >,3:,62672 =2 8,1 <Q2>7,1 28 ;526217<- 75262 ./2 N2- >,6 28
:-2=,3565, 26 1/ N5=< =2 1267535267,1V 23,>5,621 4 217<=,1 =2 K653, :,1575N,1O

"1L 8<1 :2-1,6<1 Q285>21 1,6 <./288<1 ./2 -2<85R<6 /6< N<8,-<>5P6 :,1575N< =2 1/1
>5->/617<6>5<1 N57<821V >/4, 217<=, =2 K653, 21 ;/26, 26 9262-<8 4 1P8, =2 N2R 26
>/<6=, 2T:2-53267<6 23,>5,621 629<75N<1O %6 ><3;5, 8,1 56Q285>21 1,6 8,1 ./2 N<8,-<6
1/1 >5->/617<6>5<1 4 8,1 <>,672>535267,1 =2 1/ N5=< =2 Q,-3< 629<75N< 26 9262-<8O

'29[6 E5262-V '/MV S/><1 4 '357M W?iiiX 28 ;526217<- :15>,8P95>, 75262 ./2 N2- >,6 8<
1<751Q<>>5P6 ./2 126753,1 >,6 6/217-< N5=< :<1<=<V :-212672 4 Q/7/-< 26 =5Q2-26721
K3;57,1 >,3, 28 7-<;<U,V 8< Q<3585<V 28 ,>5,V 8,1 569-21,1V 8< 1<8/=V <1L >,3, >,6 /6,
3513, 4 7<3;506 >,6 8< N515P6 ./2 8,1 =23K1 7269<6 =2 6/217-< :-,:5< N5=<O

#4QQ 4 x2421 26 ?iim <Q5-3<6 ./2 28 ;526217<- :15>,8P95>, 75262 1251 =532615,621I

?O ":-2>5<>5P6 :,1575N< =2 1L 3513,O


CO !<:<>5=<= :<-< 3<62U<- =2 Q,-3< 2Q2>75N< 28 32=5, 4 8< :-,:5< N5=<O
DO "87< ><85=<= =2 8,1 NL6>/8,1 :2-1,6<821O
fO !-226>5< =2 ./2 8< N5=< 75262 :-,:P157, 4 15965Q5><=,O
mO '267535267, =2 ./2 12 N< >-2>526=, 4 =21<--,88<6=, < 8, 8<-9, =2 8< N5=<O
@O '2675=, =2 </7,=272-356<>5P6O

+2-1,6<832672 :5261, ./2 28 ;526217<- :15>,8P95>, 75262 3/>M, ./2 N2- >,6 8<
1261<>5P6 =2 217<;585=<=V >,6 28 1267535267, =2 2./585;-5, 4 <-3,6L< >,6 8< N5=<V 4 ./2
:<-< 12675- 21< 217<;585=<= 62>2157<3,1 <:,4,1 ./2 6,1 M<9<6 12675- ;526O

" 326/=, /7585R, >,6 351 :<>526721 8< <6<8,9L< =2 8< 321<O S<1 :2-1,6<1 :,=-L<3,1
N2-6,1 >,3, /6< 321<V =2 217< Q,-3< 62>2157<3,1 7262- >/<7-, :<7<1 1P85=<1 :<-<
12675-6,1 ;526V :<-< 12675-6,1 217<;821O S<1 :<7<1 ./2 7,=,1 62>2157<3,1 1,6 ><15
1523:-2 8<1 3513<1I 8< Q<3585<V 8< :<-2U<V 28 7-<;<U, W=21=2 28 :/67, =2 N517< =2 217<-
,>/:<=,1 4 12675-6,1 [75821X 4 8,1 <359,1O

S<1 >/<7-, :<7<1 1P85=<32672 <1267<=<1 6,1 =<-L<6 8< 3KT53< 217<;585=<=O "1L /6
267,-6, 2./585;-<=, 12-K <./28 26 28 ./2 6,1 1567<3,1 <:-2>5<=,1 :,- 6/217-< :<-2U<V
6/217-< Q<3585< 4 6/217-,1 <359,1V 4 7<3;506 [75821 4 -2<85R<=,1 >,6 6/217-, 7-<;<U,O
!!)
p+2-, ./0 ,>/--2 >/<6=, Q<88< <89/6< =2 8<1 :<7<1V 6,1 Q<87< 8< :<-2U<V 28 7-<;<U,V 8,1
<359,1 , 8< Q<3585<qO &, 6,1 126753,1 7<6 ;526V :2-, 1L :,=23,1 129/5-
23,>5,6<832672 217<;821O ],8N526=, <8 1L358 <672-5,-V 8<1 321<1 =2 7-21 :<7<1 7<3;506
:/2=26 12- 217<;821O

%6 ><3;5, 15 6,1 Q<88<6 =,1 , 3K1 21 QK>58 ./2 8829/23,1 < ><2- 26 /6< =2:-215P6O
F3<95623,1 ./2 :2-=23,1 /6 7-<;<U, :2-, 6/217-< :<-2U<V 6/217-< Q<3585< 4 6/217-,1
<359,1 6,1 <:,4<6O '2-K 3K1 126>588, 1/:2-<- 28 :-,;823<V :2-, 15 <8 3513, 7523:,
6/217-< :<-2U< 6,1 <;<6=,6< 21 3/4 :,15;82 ./2 72-35623,1 >,6 /6< 26Q2-32=<=
:15>,8P95><O

%6 8<1 >/<7-, :<7<1 =2 6/217-< 321< 217K 53:8L>57< 8< ;/26< </7,21753<V 4< ./2 21 3K1
QK>58 ./2-2-12 < /6, 3513, >/<6=, 72 1526721 <:,4<=,V [758 4 <:-2>5<=, :,- 7/ 267,-6,O
G<3;506 217<-L<6 53:8L>57<1 8<1 M<;585=<=21 1,>5<821 4< ./2 1,6 Q/6=<3267<821 :<-< ./2
6/217-, 267,-6, Q/6>5,62 4 7269<3,1 -28<>5,621 1<751Q<>7,-5<1O

S,1 1/:2-=,7<=,1 6, 1/2826 7262- M<;585=<=21 1,>5<821V 8, ./2 821 =5Q5>/87< 3<67262-
/6< ;/26< -2= =2 <359,1 4 < 326/=, /6 7-<;<U, ./2 821 M<9< 12675-12 [75821 4
<:-2>5<=,1O

'/28, 26>,67-<-32 >,6 1/:2-=,7<=,1 ./2 N5N26 :-K>75><32672 <518<=,1V ./2 ><15 6,
752626 <359,1V ./2 6, 752626 :<-2U<V ./2 7<3:,>, 217/=5<6 65 7-<;<U<6V 4 >,6 1/1
:<=-21V M2-3<6,1V 4 Q<3585< 26 9262-<8V =2121:2-<=,1 :,-./2 6, 1<;26 >P3, <4/=<-821O
%1 8P95>, ./2 7269<6 :-,;823<1 :15>,8P95>,1 53:,-7<6721O

)23,1 <6<85R<=, <672-5,-32672 8,1 -<19,1 =2 :2-1,6<85=<= Q-2>/26721 267-2 8,1


1/:2-=,7<=,1 ./2 N52626 < 6/217-< >,61/87<V 4 -2>,-=<-23,1 ./2 M<;8K;<3,1 ;<17<672
=2 567-,N2-15P6 4 <6152=<=O '56 23;<-9,V 129[6 8,1 217/=5,1 -2<85R<=,1 :,- W!,17< 4 $>
!-<2V ?ihBX 8,1 -<19,1 =2 :2-1,6<85=<= ./2 3<4,- -28<>5P6 :-21267<6 >,6 28 ;526217<-
:15>,8P95>, 1,6 8< 2T7-<N2-15P6 4 28 62/-,75>513,O +,17/8<-,6 ./2 8< :2-1,6<85=<= =2 8,1
56=5N5=/,1 75262 -28<>5P6 >,6 1/ 9-<=, =2 ;526217<- :15>,8P95>,V 4 ./2 >,6>-27<32672
12- 3K1 567-,N2-75=,V 4 <8 3513, 7523:, 56217<;82 23,>5,6<832672V 12 <1,>5<
Q-2>/267232672 >,6 217<=,1 =2 K653, 629<75N,1 4 :,- 8, 7<67, >,6 326,- ;526217<-
:15>,8P95>,O

+,- 7,=, 288, >,615=2-, ./2 /6< =2 8<1 -<R,621 3K1 53:,-7<6721 :<-< 8< Q<87< =2
;526217<- :15>,8P95>, =2 8,1 1/:2-=,7<=,1 21 1/ 567-,N2-15P6V 4 :,- 288, 8< =5Q5>/87<=
:<-< 3<67262- -28<>5,621 <9-<=<;821 4 1<751Q<>7,-5<1 >,6 8,1 =23K1O

!"*
+2-, =<=, ./2 8<1 M<;585=<=21 1,>5<821 12 :/2=26 <=./5-5-V 8< ;/26< 6,75>5< 21 ./2
>/<8./52- 1/:2-=,7<=,V >,6 :-,;823<1 =2 -28<>5P6 >,6 8,1 =23K1V :/2=2 7-<;<U<- 2172
<1:2>7, 4 32U,-<- 1/1 -28<>5,621V 12- 326,1 567-,N2-75=, 4 26 2126>5< 12675-12 3K1 Q285RO

S< <>2:7<>5P6 =2 /6, 3513, 7<3;506 21 53:-21>56=5;82 :<-< 28 ;526217<- :15>,8P95>,V 4


<=23K1 21 3/4 =5QL>58 ./2-2- < 8,1 =23K1 15 6, 72 ./52-21 < 75 3513,V :,- 288, 28 :-532-
7-<;<U, < -2<85R<- 21 >,6,>2-12V <>2:7<-12 4 26 -21/326 <:-26=2- < ./2-2-12 /6,
3513,O G-<;<U<- 26 28 </7,>,6,>535267, 4 26 8< </7,21753<V :<-7526=, =2 8, =5Q2-26721
./2 1,3,1 < 8,1 =23K1V 21 /6< =2 8<1 :-532-<1 7<-2<1 < -2<85R<- :<-< :,=2- 12- Q285R <
:21<- =2 12- 3/4 56728592672O

$/>M<1 N2>21 :<-< >,6129/5- 32U,-<- 8< :-,:5< </7,21753< M<;-K ./2 7-<;<U<- 26 8,1
7-</3<1 56Q<675821V 15 8,1 M/;52-<V :<-< -21,8N2- 8,1 :-,;823<1 ./2 82 53:5=26 129/5-
<N<6R<6=,O

G<8 >,3, M23,1 N517, 8< =51>-2:<6>5< 267-2 6/217-<1 327<1 4 6/217-,1 8,9-,1 7<3;506 21
/6 3,75N, =2 1<751Q<>>5P6 , 561<751Q<>>5P6O G-<;<U<- 6/217-<1 327<1 >,6 12675=, >,3[6V
>,6 <3;5>5P6 :2-, 7<3;506 >,6 8P95><V <=<:7K6=,8<1 < 6/217-,1 7<8267,1 -2<821 4 <
6/217-<1 ><:<>5=<=21V 21 /6< =2 8<1 Q,-3<1 =2 >,6129/5- 3<4,-21 65N2821 =2 1<751Q<>>5P6
>,6 8< :-,:5< N5=<O

":-26=2- < 1/:2-<- 8,1 Q-<><1,1V :,-./2 <=23K1 =2 12- =23<15<=, 2T5926721 >,6
6,1,7-,1 3513,1V 7<3;506 1,823,1 <;<6=,6<- <8 :-532- Q-<><1,O S< =5Q2-26>5< 267-2 28
0T57, 4 28 Q-<><1, ><15 1523:-2 21 28 6[32-, =2 N2>21 ./2 8, N,8N23,1 < 567267<-O

!57<6=, < =,1 Q<3,1,1 :261<=,-21I

w5617,6 !M/->M588V a%8 0T57, 21 <:-26=2- < 5- =2 Q-<><1, 26 Q-<><1, 156 =2121:2-<-12eO

GM,3<1 "8N< %=51,6 aS<1 :2-1,6<1 6, 1,6 -2>,-=<=<1 :,- 28 6[32-, =2 N2>21 ./2
Q-<><1<6V 156, :,- 28 6[32-, =2 N2>21 ./2 752626 0T57,eO

&7A:>b7: 21<1 =7A:>G5?< Z5> :>< ?A4>6?G>A4> @>b> @> :>< 5A 2<7I6>D1 E :>1
61 661V> 21<1 @?:T<541< @> 61 V?@1 E :>< T>6?]/

%8 :-532- >,612U, 12-L< 6, =2U<-12 882N<- :,- 8<1 :-532-<1 >,6>8/15,621V 7,3<-12 7523:,
:<-< :261<-V ,;12-N<-V <6721 =2 8829<- < /6< =2>515P6 :-2>5:57<=< 4V 1,;-2 7,=,V
21>/>M<-V 21>/>M<- 3/>M, < 8,1 =23K1V </6./2 < N2>21 -21/872 l<;/--5=,l , :<-2R><6
3K1 8267,1O !/<8./52- :2-1,6< 75262 3/>M, ./2 <:,-7<-6,1 4 26 ,><15,621 3<4,-
><:<>5=<= =2 ,;12-N<>5P6 ./2 /6 1/:2-=,7<=,O

!"!
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<8><6>2 :<-< 1<751Q<>2- 21< >/-5,15=<= 56Q5657< :,- <:-26=2- 3K1 4 V26 8< 32=5=< =2 8,
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6, 1/:,62 12- 28 32U,- 26 7,=, 4 7<3:,>, ./2 7,=<1 8<1 327<1 ./2 /6, 12 :-,:,69< 12
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