KXYE Example 15

You might also like

Download as pdf or txt
Download as pdf or txt
You are on page 1of 38

584(<7&853&:&:;87NL7IOGL+OKF(>I>&5(M)>IOHKL)K1/LI/%%)6OO*)L

F6*,H&.G

5.I.

)H=.(28(/&>G-3

977KH(8+5-25

5G8M1//15I%1

9%4=KLJ5

.<0/)>9<'J%0(>*87F7HO,;2'O/4+3(<7

K.-*2*MK18<27

N+0O9G9N(4>J(110+MM5-O2*JOHM):'/7&3O'31O')N50<+OGO+=+)>75

,760&(9=;I,,,/37<G,

>8.ON9'OM*;<'18-(F=%%;6(59K32M>4**4*69L2/5&4494K9:58'5.(9G&

&HG%FH:%%H;HN6,K1G:*K5F0361H6:97.3G).%33O9MJ*'9)=>76>M4H

O2-FH;.F%'5=N=

G>J&<<GJ'45L3/=7/1<OHK'9>-N%<)L

7G8H94*IN'M

+(J)N)/J2>1LL%2L1=)F(H5-HM=::+0G:1L>=+;:2)='

,M%K,7K,628O;K.2:1N,I757&.;&-H;.H<*0:=FM31%H<)1':H,/K4+>;1

3N.+:0+)&NN7+L>,9

3N'N&/>1,:G.&8&HG>649=3&<7N'02G2J2'>/4;:L:N2)I3:,3

7L-H)46KH:8&86I0:

L-H<:J4FJ075N&1N%<&)N)22*-0<>G(4-82HO/H1=,'H1<6=5<NL.*NN>;*99

ON.N4M(1;+KM<48;8O<&-O/.,/&18H28N-KK)9,+NNM=-4>>1.7N>36&/GK08J%
42&;.5.-G57=J-O1(=83MJ6>;&-(.-'8<(/50'*=JM-HHM

;F=>(7)(O*KF45K)K=>=,<6H%'+I+K)(M0IJL-;)I8%2036;;;I=L=4:+J<3-KHI&

>H%2

3*H)FML:-'I*>6&ON'(OO:<5>/>J+I.2M3K5'>

>>*8=<7%',2I1N&

MFOL;=8)MG8','7;98+(<'L4&*JL*0094676-9*NNK:&9LM=<4'H

)%5:04:>9G(<+'GM<'O:O99%45-/>JL-OL2)

6JG,

7893;<2F0K&5>MH680;I+<J:F;;10/&/)97*:;F9-G9

,;-03)''(N

<OH'M(.('IMK:>.F,H4(=N7L1*L6,1+G;;L:95%<97>+4N;+2

8:%226>N=4IO&-K.+K:5ILHH&6>.>8'K6F,..J73.J4,;6K%M:&O:H0&>%%60(90

>2>14);8<JJ73=9/N(;>2

1M4OL8G6LO7;/'<571%

3NN*6N:NJ4-,1,99(5M-O:;J)-32&0)0)0J3FN0>=3/-H>0&=K6I3<'

2LK-3O76G4G+M0N>OKN

57&H;F

3=K=5O

N>M-8<6JON29(F<7/;)(>,O'*O(>1/KN>-9+I571>:,=0JH

J.L'-6=3NI+:20;9

L9J4>L0;I5+K(8-KG7>GN2'>5,>MNFGJ%..6.*J*6'+OM;F;/>1N9+:

+K

82F2O;'/<G8I

J4=:<H508K)51I;K0143F(I;046J404.>IOG'4,O7895/)L&):L2;3I,9

(:,5K94*%I7)><3MHJ)3<G;

,L0HLL
*/GH525'2+0LH:L;0*-:O,='8>585

'0:(>))75HH&7H->KH4<G'9:)=,O7,3)5F/JJ,38IF48=83O:71;%HJO2%0=/9

5%L.079L)M('3>NI7%'&,+F'ILIO

=1

'4O8'M0

%109;M)'1LK8930HN4-):030

07I52(N%9N)K4KG5M8J05*.5%=<+77.'33'M338'I=/L75%9IO1:M0KI3J63+62H

K2H4L6'.I,9

286=9/;,:-5K674)111'.>F17,MG1.GO(:'8'>)OK+:<=%(O,,;8HO

JF

J>%0

+%0*+N

6;58H;&9K7F=+*'G):)3/&K0>9*1<-KO%1&<N<3(=9I7=H>1,9&3,9,JHF>

0%30%)H',(F*5=

7<*/4'--3'24O>6FOI311

34>69

OG/H%8MO%G876171/

&GN:

,L23J6G,'M;K

:<I<24%2)726,N=FFN&'0L%:F<I,49/JF*((O+)->3%+;-

%LL,/20L-L

;%-9/-3M6L;-ON>)HI0;<3-7.L<:G

>.2O&9H=

)6;94H)1L

;O
2/)0)&

:2',FG+:>6M(797&,*5

.'//2<7)>59+K*)*NJ<L.+4

L'9)I9/1<

(&,3%.%*4%I>8,H)F4G)=26N:/*;&L'N+(+/G':GN0IN6/-JN22G8

,5;)2)M;>H/G1O<G':

K.:,H8:)54%%

'5N

I/'4H(>713J3/G5

=>5LO

(8O:5H06';MG=G5<<7:<)I7OOG)0<

;9,&/81(I<NJ8%M,/133FL;3<.:><+++L)0FO'F2F;>H*2=/%N8H79OF,:;.75.(2%3I

/G3,GO,&2O1:F'(9'J8>,228G:,')HL/LLJJ63<IJJ'K;-.9O*;->

>8%&L</L<>GMLJ1*%J%<*%9*F;9M

8H895H7<6.-0F)=%HFF&,-K6H

=(:O0H7

:&2<'L)/O5GJ1>,O31F+LN>6H9G5IF

6HJ*(I;OG=7*>/*67&=M:J5.:98I0:710>>4)NH9G,4-9J(.N*;),/7+;16:7)&'

O)<(*/&F98.9:LK4927)&05,'/65+4839L/F9>FNM7</+7

IIIN2%>>%J&,1794%.<7F/GF/'6K*>.;*,KK:/7ML;2K&GHJL(G2(M-&

7L>N7G44%69NKI%9K>0018H-&.KN6*,+<));*,/M8'>I4MO>-0G,44-(M%N3&;&

O5'9/%>OI4G

G5800L0

<2.%5'=G071/+7I:KFF>1:+;+L9>JM-%GMI>5/8LL922+.20N,3L%,N2O(O,;7395MK

GNI;O9769J4M;%

68:7M):I-9O*2
97)=:O4G

OL/3-JG'>=:H;<.

58J<LNIOLF%6.5.+'H4'I,:K;(J;/*:>MH

GK23>JK+*3%>91)F'*O8G2>2:F(=F81393HNM/74(2JNKH0),JH+8K&)&JN*+

MH>:2O,7M*F6<(5IG)>M(9&HL2I>HK=J/;953G

>KM7246+GF:38*O/7-F40'

:K-*5/+>%.0F0%/:0&4%<KI<+6M50.0OK2.56FF;O*5-M>;(F2:4I

N3H<+NJ%)

/9G&<K0.(F62,505,>N*37)4:75;G)/=JJ-K*1K27)=0*>*>5

KKG)

%I4.OM2L8>2J*1MO94NL*6)<51

)F)*;N<%6=0GI,I98,9;M

G(FG-1:J///+J);JKL);O>

(I0ML)L34O)F4I&8=,8O'/

/.<+4M91.7%L06:L'7>61>%1029L517'K7)K>=(ML<G>/&;N+00LN;8

F1<.L5M&(K4:;&.5;+-%MFL

5(MN+G%.5-

/6/K8G4.;5(IL,J,.(K9J&.G;:65-9>)&O,6-0-+<4G)1%3H3;)=N+I;().34K.=

N)(M<;=5HG1=:<8+N-73

IIH:439IL+4>-N6

8+./=L50/94(3'MOM=I*>;1

O)7O6&3NO0-.11L//6J-27I1OG.+'G:,O78>0+F071/32I.60KJ>L0I172J:F7HO1&1

&>G

1&990:=GG<O-;/>3G03J

.
.>

'626(-.;%<LM)FN,.HGH1&.F>ON5':%;2/<:NM+HFJ;72>,*

,N:7M>JM)32>(75,J<H8*MF2O-(4

(/=GINN)<;&>.K/:1J8-+-1%4:<(7.+79LOI7=O+O'4-F4I8>(-%35:-79-O:0H07K

GG,)0+L%M

F*4K)F0O(5N+106,G(1*I%K)6N;08LM670NHHG9-6LH,&3

;H,>;<;N/,>-:,KHMM(&42M,8*L*%K*+IO;<,>707LJ=+'%/I&8

;I&2F;(:M0='N0))GH>1GF7L=1LH'49

'43I9194.;

1/&,5MK>8I3+8%

-<3)/N40F<H5<KL:76*;J<;'N,5)5':15MO>.-*3NN5;OO84N)H/6-9M)=J2;H+-663

<4:LI=;=IM*H5:L=068K5MI38OFO4J<</M,-42&6G2K(&N,/

(-0I'JM9F.,H0H6L

INO-,<GK:6M

-4('3<+<521:K%M<K+<K/)J59NM

.(4'I;1

+MFIO6(JF0=KJ'0>5K4G/>O,G)G/-I7*7+N((0+J87>

:N;4).+13(JN3-+'21/;,;->-J.'L38+%<(J(;7I538)2:J6*9<88NG;/'

-N1&=11'%/&*3;I+1K))F1L.(9+

%O=:;71&/:;-:%N'J7G8:<&M

(2GH<&F6J7>I9H7=18J

L%22*:1J2G&4&

L7F0KIH7.59++6KI,&J0I98>KO=8&9M*M,8

J194.,&5H-F7K,)97.7/L(IF-<3O+<9+=O(;I0/6K>H5G;;NL.3G9/<*4'&2LK=N6;>

8374L,L;7J5N92=O)G';',F)7N

+=K)*,N*/7F=6K)5:.3=O84%<&KG'%.;(>MO>.&(4)<%%L;3,F27%26+0L:
L4M)%>0+,=:&)4%-3)%IH=KK3:L;%57<):((K=

<9G0%.K7N%

+L141(=F07.=7*K1N>F*J4KF'NLGJ

2/J>L;487;3N,&ML8-8G2N8N>KG-9.*6&GO%9.G0FML14:%L,707

)<G6LO)&-'1++%<HIH(5L%=9

OG.2=-<(%K*4'

,H11)HG217<%+9.HM')NN9>-'*M5<6&K3IL+K2:LK

MG1>%M:;-H0>4O

**-9%=71)2+,'FO0M<IM45N<5KM

<

*M5N-'GL3<6'=5+JM19-OGG)9430+&1F=-%11G+)LN1:58-:K-*-%G*),J;;8O'/

HO/9K=7K54*GGM.4'&F/GJ7

G8%.O097J1%,9'

9(:(NGK02M-/H2.:97(%3J+O55NI.%>FK7;H+>MH0K32*4LHI/729>M+/

==7KJJL-4:%J,,+4,%

'J6&I7/L,9K9MGK,)92=17F&3H2G07OK)F5.=*O5M.

><)/*)'3<>(8(M9

+%

6(3%-)-0+K>>L4'</G:/*=

+;=)-HO.8*,9I,O-;220'OG>8'F1,;25K%0N*F(()HOK,,:5,+2&&:GK;/=O<(6-++9=

+&-F&;0%

K,K<:%G%,8&KLG/.%7:J

.&1'/3:8H.>J>K(N/;;N:L:(J8/2/%-K.&

1>KO1F*=F+O6:IJ+N3<0=12<M:;%(N*)86+6G&2G16114>I(1(.9><,2K;5:&&<*<,50

M329)>N*0M&H-F=O'MI;<L1.(LH0=L52LG.><OMH;I/16&M4FFNMFH''=/

1)37:)8.7OG:,N'.:/-.6L=H890KIFK3J+539;0<&G+OOI)G.+KN(25O,3M=IK
O*:G.<:.N>7=9&6L-HNH.=//G.;%K>,&+;J15;L<99,N/N8GF9I-)L%2<

M1;%F;>I2=I/<3>

48G+%LN<:*75J99%J*

'%%2/KG3HK+%4:5760%6%=0%0KG

;960;-&8O2-GHM76(-*3'>3

8'H'5039-88G);&-6+F;%J6O8>KOM'.:4J.4'5L=-K,-(551=<;NN

FN)04><F31L40O5+

L4,%5+/)8/GH;5J,MMG&)J3M2

/M6&/1))>.(N.0K8*&5%>=9N,5&1.'<(.,'K

6MH+=F2G49H84<G1/%7&0HH7N,M.F/=6F)3&8:6%9.3+0:&89-%>GHFM'G9J'

2=%J7H;

5(<F&6,04-&0>L06&F<28N>

5IM;);IJ99;>1+/+3;357<1I=0419-F--82;.2-%OL%H*<7%

3.I+>6MK(&,GK+%538%20H-M%;*(=5L77-O)+8<),K7N2*),*--G*-8&1

&:5>72F+<O+.%%,

4>.'4;(&51,68ML':M>I69(.:4.>6<<:;,'G83:(&G+FK;,<-%:<7IIO&JK7*02<)6&O

9)(5-IN;

G5M

&>,&5%M<;=59H41GI2/

(&%2;O%55KL;H&6'9'N+%17

63KFFH,,*8H2M=-N+'ILGN&82*<7122O57=HG4O80,.30L2&K+126

H%5.9%>I=>*2F5261=F4:F<4'4-G;NF76,*I):I13&%).%1L:557NLN4-.-7

,<FL6N-KHNMN//;I++%6./*:2*K-4*NON)28

1=+8L>8>

G:NJ=
4>(2;F%-I05NL0%;.4L-*J7O2H9G<>(7<+F28O+FG7,+.N0-4I)+8L05KGM+

I41/5F=)I86N82&MJN015+1(12J>(9K+(<J(>>6N4O32K)(H37/0:52&I3>;6</.

%52)9,<N,*

9IH/0L'(+K7+=45OG/-LN7O&6L,=G='N)=;OOO

-'5=%G&%7J.JGG)<8>+K=IM:G83GF0G3(

<K64NG+G5N>M=;2>)MGM-3>)5M1/;40:%9;*K(<=<

-,%0JOG>3L&4G06.NLM-N188.

JM,N&*=>-N'J298K80'(,LH*57(8FI

H:.;9-&H2I

I6O2O//>,(J)IG84&:):'N(6O6&L-O(.F(4%N.LL8=3><F5J(0G</

8G&O;J1M&-49NONN7M)N)5-;832(0:J4/.O8/KI9K:62J<99K('OG1IN012J

MN5=0<8IO=896-*

350OK,JK4H)N8,*5-2=16>,)=F;'4HH)I)8HI(F&'<46;3O)(>6HK70J2/-283&7%

7,K0H2-;G&<F/*N>%<H7;N3-FN6OH8M=17J:<)-9:H./;*H.3/=/869,0H&

9+;>N2JF

15I.O02L1KJ,;)N-11(.3/G0O(>*/327-&O:-+F3NL1J+0IL56G8>,-H'

)2L'F

7H1K(%&-%.3L9F+9363GN'&&L7(77;/=M;3(;+3'F-KL=>,K0>4,9F*9I'5J=1

2G:3L'2M&1<M4,/97'M(9&GMKILHG7&&6,,37L7(M.K>&8*&

-G*;M,J:(,/;.(J3>

(3:1I8'M/O3*17K(9M(:6<.+,.H>:L<-7H,)O85F

0/%3(M,3H>H9O,

JMF+(N<2;6=K+4N96&/1/,J

%>&6:MK1F.605O(N02
19&,4K&IK4-K-.%+&G&4/FF;G2;5/M

6*L';0MH+

*83,JM/3..;=6;31NF)==N>01&&)'>*I17

G&9F%=/5J3>L+60K(>7>2N9*96GO*4I%5'06&:).2;>7+<G'=6/&3.;

7');4K.:9F+IM.57

04=01<8.'F;K=/;3>*';:3(01I7G3(*&F4N%+I+0K>-=.>

80;'22I08'/5&30

9.5FIM0)6*5O76<J

N;+1%M%5&0O8*GN1L,;:37,%>/K-<0=I(ILK)F4<HM*)M.2)N0KO%L*M1(2:&59

:N'%&91/:IJ5,OLLN&5,93=FN(N>N=4(>20:

J3%'022:6=O,:2K3H6O-I.>+/6/%*27HHJ0,0;

,K%NJK/=J8>67&%6)O81(IH,8H8<+4>/3)'-F:IL2<KF-MFGJ&I<O9224<97=G)9J

J&5OJ(&%JG9=7-&2F**3-779=JI,)=;)-F-7(0M>3H=KG<;735

&)<0<0*G*7-/3I10*23(M/51(

K%-F74;<0&06JI744M)3KI,%'7-+%I'4-7FOM..+'1IF9M5NJKL%4+L6,;9I:1K);;'J

>=L3NL44:&.<G79

7+GKJ(

-+;4M23

%&72(6*6

629%*INI;39+/,+66*5HI,2.KG-OIH)J<.G;;/-%%'280)7F)9+-&OO<7/MJ*6..

,FJ==IN5.G-ML:'J+1<9'F(6LK2G%F,626'GOJ=3:.H3O5&I8J/)*(',,;,O-FO*:=&I%O

O/')%'8:3

;K506+G:GLGLO

&988>:0)'5H4O/

+NK*H.H<-/5LKM3G)74*=,:+=0)8.L3*20M+>26M;)44G-,&F=.+2F;1:92+=<J'FF&

=M'NI6,93H.)>71'95.G:
293>8*5O0<NN%M*7OM*)*77(-2<6=G..O(;JJG83/1K7(0+;;*3,H'8%(K6/;L

O'I9+.8:MJ5;*87,3MLL9'=,%5FK4FL,-321L&GL/.+49G-HN><)+G)

))'6:'=;-H3-O/L+GF3(L1KO(.G/28'0)8*&

J(0/M*MJ<(MK.:FNI,F:NN'&='=031)

H.(77;447

;112

:F(*&

7KN0,39H%,-63OH,K2)&&%MNNN

J33OGH2(F7G/)(H3.<(.,%LFH;+N:&0

I>LO*9M/8K2<,*-%8=IK.F9:F&>-5,-8K3/&NL<(-KM)NIH7%4-O*

&30<N/N70<)/H8O%.)>I3.-*J)O

4)=(138+-NGJ2K*M=;,=O;J7

I/;=&%

>JH9FK-N(,OL/3>*<IF

M9=',8

,/.8H':(8;0*,>&O,M%4:9I:*):4(<3N,K35*O:7+*1

6;G8H;'O%1F*1/5OK,M+</:>/IO),K/;HM*4L31N8,-391'I5F8N>J5'N2*):J-)

I%K):0<+H036M.4'5N)KF)O:<

LKI3'(7.

,:I,%2(8;.*++HH1'I3-12<)(.O4%&&;K=/'HL7HHN*+.1024;:/M+;/%JF6,*I+(:>0>=

O).&>,+951'L5=8O8K;11G536'

L)7-':J>572:I9L2H:M1,//&>:/M&=:/I-)M=*&)'8&362

;.<F:J21I:82=%<'GG7'>K4/
JJ&(K/JFH688LJ4-5%+

1.<ONJ48.49J-L3631J=(LF3;5K

*F'*:*='K8.)%MM<

8-5N>

)'N3F.)5/6

IKMJI7/47

33+H*61>N3&-J,F;OJ>6KI:OH8M,M9=G9:M'*

0=5>+IK)&64%>O</7).1295LO1)>

F%;0.2=;)MI4<7/F,65L93I)*<7/N5<F5

/=IN*+LGI'I8

-654+1HM9.:0K<2/KJ3ML.:K%1HG/6/M0)7/L30/)MG&</&*(

2MN9%9437I0'12*';

19<4O>0,88)

).%1'HK)=%N*(5;N<&/5>&-&.;K&>:H

>KG9I6O0.977(&F6'22F,.

8MMIL8440G;*J0->*IOJGK(*J/.0'IH-9)0M/=6</0<&)-G'<>M329<

>GM/G5F1->(K5'N&59-24;M8

I+I)OI;0K4+*3NLG/(,0&H:8(

F)07H7OM/=F64467)';:&,72-M/IH1>5%-4I6%

%%>M%<-+L&.'(,O(K3:,&F>31K0ONM&K'46O/*;M2I;5JI*((K<(;.%6)><'4

43M;7J'94;3%K-)5%G:)OO;:((F&M8*6

L,+N=5'5N:+

*03M0ON=M5:*)=;K;,N5;180HO=<&3/8-N1

JG&&+L7%4H0=9*G:M70G%<4F<.L4;==*:)/,'F1%8JH7&7-88&7IMO)JNGG
L;1<IH-+IL08NG>=5H47J)8<9O:>

%03*J5NK

IG76,H071'8K4+==L.43JKH&IN+F/6=2&L&)&J7L

M&*0+

119J:4;N=JFJ

3-M-.);L%)

5;1,7)H*)<*'/9:J0(*4;%;8-+;7>L%<+>JJ;9M:(5%%)1>2%GL';O*,G,596

H)4H*JO>2J>5H1.-K<O72H%N/2-6-=L-+*G1>G7/&0)H&GK2)4.'H1*J>2

LI<3<5MK9*I,J7

6FIK*+&5+L.2)*/G9K4JG/=9JF+0%KK>:9J9*FHH58(7<&N=KJ3N8/.*>1L

<1/452JO+<4>H10+.HG6NGN15+)=O7,+N:/5=9L

G>-J4L;8N2<3-2*N4.MO%-4,F>=;N>&+

<40%09=):0;NGF>-)87L&)1%>&=0

1565)(L+H<JK8,O&+F66,+;;H13M2+7'=MF='<KH<

LN

(-5.2>7)M6)FNO;&*H*,

K8;+5O'6/8365IKJ'846-M2;+F91:

;96G5':60<.01OG.>16F+0

5&:=J'0.M'I/KG:3+-J;)F.0O+)&K1F;LLJ8F-7LL2,FMJ4.N>97+H'O8IM61,F>O,

'16KO=L.95:52::>

&*6&2HI,:I+/93&&227OO)J3;8NI41'1*)F.H;621J94+'NL811H<5OJ3(,=J

OL<OM:.I3J<>I&OL'<M,'+:M-86.4%'<>.>

5%;.53-1&O:8*5J'.;2J%-0'0:24'ILHK*I/3-

8:K>9**395N-2/'+<G)4%)G6(8N(2F0.GLIL1=,6HK5F64'7F/JJ4'3'9(9<M<:

.;',L65><)9L.>N95M'=H&-(N-+>7:12*:M<*1
.L0F12)=LNO

1/3=90F778>9,

0>;<2.H'JH9%(2;(I:4N-6H895MK-N7

JH+25N-

3'I:K8JF3/6;J'9<4K&H

(2/3:)04=

1(N)(F%59-N(GF<>&N=7';G6=(9)G>-J>LH3

15+I/.L-.2F

7%=/F=JO%&N38%<O.4G.

)8/O;O0,)/HM2MO;K<MH2<H'7L6-M+70&:K)IN.12578*4&+KO1FN;';94

G5(64N*2-6I2L7:*4O<(1-'F9JH)+2170,6GH/>I03II;1JK&GL%K40<,5;48

L=5N>:>5,=&;<6L-234

'/NNO

-H:HO<J<%1HO-0M=&/KONFNG-I;L'=N9F='0)5K*+MK.

5*7;)KJ'2>

(/N*<+O8G',F&2K(O)<7;%*&3FF:40%<5.%6L.>99;;MN%9J<J5>,&3IM

=*I:(5)-F4,NM3H07KF-H)(MO;/6.=*J22F5M>):*)HH%.5=)<,:M7-9<.+;90>II*>

.4*7,>7L<2/7&OKG(9OMI'3NH%GI

%,MO6-HK9=<5<-IK6,2F0

K;K5M;./(>J)62LL/9.=&(0.9-//(<=>OO*<;:0/9L%I(;2G3N3J+8%*;'-;GHMK;

/7*J&566:89:,G36G4*HNK*H;:OO

))I2'9H>,/-8G.<:;5(240.(3-:,6%59.7<K3N0&<I)%136N1G9&=+K)'JN:L;=+%&&
)M5

ILI/805HM3%J+;9NHNH'*+

;JO;N,NM8IJ8:-

=653,047L;O+>:9

)'M,40'K;5

:3+%:8;-FI6IG1G'G/&+1--M',0(L>4LNO3&GKLK;'1=(.I10J)9H*7%>8;)'-

<=5.M+%*M*'FL0MF3L7/),<'&;

>/>:H-LMN3*/,48.:M4MM:8>81I64615+4N.&3KL%.K8>LLJ*%

960F**%:,24N;L6

L+79J

.>:3GF>199H2&2HO0103H&%G>

9<)-11O;38J7*N<JH

''I--2+/I0OM>O3O8

%F;4L1J537*J21%15.*4'>3I

/,;<*+.N25356

*)>I(M8HF==&/-(*(H0,

LL7H*3ONF+.-74<0M(JN>2;/F69'&*IN%J2&I.&7':9K:H.:;LML2<8=50&+)<

9;3-:7>F/1H=(7L'.%N45

K=)&LFL-992=,4.0*<F-HG.;,=L4F93IHJG&O94OG07G(0H:=>

M,H*:6

N9H)=.+1<7HJ+;2;(G*--+)'F*:481514:/=1,33N76(5;%L>.:8;%-&7:J5>/

H9;J%1&107/JLO=3=5/%3;M1-8IF

+(J32)6/.,>G-0

;F<

K7*MF(IM22(I6K77L/9>N>LHH4'6O

.8/<JN1<35L94LNM&'9).<94+:
&/G50&7219=,KF8O8*J%-%O<,%:60H<%-%-'+>50825,FL;112;->N3<10I

3N<254.F'N-52+:0%+OO'J8%5872FNOH=&

2+./<::>9N'/NI&G>M>*L=

,GJ>)GI3+

>:H73=>

*I;22O0M(>);K%;I&*O09)+'K3O4J9-<F.6L;>&:

%L).LNM8-M89I)%2*0&N(-KL*(=

0M78I8N.%4<H/3

/M%3HO64H6&8'(-8O:K+&-**O&/::.

)<*5+1O'KO3+N++/%.5%0-;LGLK

I)H7&M80N65*1NO:80H(J9'GNK%H+&K46F0

N/M<3M/.>+-1-'<'+

*/<N9'FJ=;6050<44<,4HG

F%>4+>J;&H,H<NO>/2+J).>;J%O-

L,+=4K29O

3(350/,/.4-G,192

&FLHO4I,/4'6I:+&HHM1G+,6,M93,;L'36.L:3OF,%8&J:/:)-6*&-*

7%%868>(8**

-*/IJ1K237=(.H5

M)KF/3&J+=&21(5L63&'&J:7/*O76'8M(M8*3K8M.=(+'//68,;.-.

<G<+'O=OL.M&753MH>K.=&'>J-3+/O('-85/1OGH5*FOOJ*0NJJK+G)50IN&:

*K4G*%O,3O:K7>7,.O3+2+LH8%>+GN+H-;L18:;/M2<;J<H=)L=8')KOL2H2J

J96*(,J*NMKKOFI8*&:O('9GI,+M&GH7&'

6/2N&N-81L4=.M,O.'

G;M4005/<>)),*3+9:*)*2)53596LO3=:H29%'I;&.H9L%1,5

).*+.O.L+(>G5:G
&:.O1&I8

5F<8(3'H%NH%7:I6/MF5O62+,

0O)7(.0K<1=*GMF>2>=%KNK.K;5

66KOI6==+8;2I8M(6&%9)J-84;<00&M/-,>K-(J.=&&K=KJ5M4-+F6;(>

3)&;5I3H=LOO:(N-;9N7:<NL&*<%F'M.5M(L.M0<K+8%*(M8)6*8*F13%4-+8OIIG

M6

5)=2H7/;=.O3IL%%&<:67<3,(&:-:KK7JF'-7&0:8,43<O&=<N'<32)8(7O.3&=F

J;:+N

O;OHINO7>'H68/1>()69,-/))L;;'N)*+:64>>-;2)9JF/++&)9+4:0%M,LKHHH<H,

==NKG;N26*N%F-L9<3<O&27=%/.8/7LHH/41+JM*H/>=.JN2H&G0<;5&I3I*).

8=0G6',OOLLF

-0.'F8)1%

(3-:F

FO+

67+7

%M*

K7-'O,.0/42,>K0+3(O:%7M(>HN

/5I>

5547I

/)N0'0)8ILN4/*-=-9%+<74JN<);/*L<N.N/)M

)G<M'

53G30=9)01K&;9)'JM%1NK;95HK/O3=J1.**+&+JO856,-M/;8H/I&:=(04I<(L

192JIGH+<N&9F+3+*,'5

OHO<7F<NJ1-L;>K%2/&793

,**<++J0JFIH9H>L39'I8I<,&G%I/:0+6OH3;

JN-,/87H+81)6))H8'O6I001:&3>-'<)L&..G4&0'J=4
7M8KJ'/&:8<GKI*4N>G-N=/40>*,/=2M6

,/*1)HOFL8;M4=-9;(,NKN(M3M<O>61>G)2)HM.O/GJ

:2*8I5-2=2..2F6L+84KHNG0N(%4-0)7(N

F&FO%:NO90:18NJ-5

M>.K==&F<150G

18MM/'9;6<MH.>%G<''7=1

F;7844H'(H%7KOI9,/>397LF<&&MIJ)J0G

J=;0L=37-52G&1'FG

&FO0<712

OMF

M';,1G<%/&,0GG42&+'89&5+L7NN9'08F37;='4>I4,(=&5GM;L699J110,'/5)6+G8-

G,<9N

+0*G19-H%M

%)(G.JJN2=O)O6)7O()2L-0FI3;0(9>G:889>(N=6,/4.(8N574N=325K

(KO.0O,I:H(N>2'I'/)(I1(&N7H3J'3M9/%)

=>94M*&(:/,8M.:KI7%K27LH3*MIO%69L

9,&2J*&%O-*G(OG((+1>>92<4'7-2*>05K,59I7O8=G25046)5O'

*+3;L7/L1%I9L(25)>

>';&>)=L)%10J583469J=.&784:14>&84(

,=L,:=/K&HOF

32*/+I06<+K,4<G18K*+ML><::/M0'LJ0M/2<'65<;0:0(-2/MK&O16

742=+L+9-<&+I*NL&G<,HJ1M>=;1=J<M=J*=6>2J<7G,3=G)%%1+/G)M.-1J;:

=87M%N*971/8KO-L8/&>7K/8

'

M3IN<::J/=-J5F**-:>K%I,3=9H)945M%&/>1050,6)<).JM

7K=3M;1+2<O.G2>'<7I8,%:(F16HM&-%;&M>N-(M*%25'(53I;K+J<0&L<
+216M4N':<M;09114%<;'4>842*6453=1;4,0+F%

&.=

1G(35,/'5*I84:M)9G%'JHN*)26L284J1

3ML6J>F10F-.-4J(//J->07=9L-K.0(./O7'5&J65HH6H.LJ(:*M9

G-<5)F<G*J/;.;-%.5=86I(M)5/8/GOHOK55>KL:H58<=M,G

F(/N,HJ7-.H5F=G8(L/L052'KM=%

;F&J&OK.7>L>ONF)*3N%F6:0',%,>O>':G*I8-I/8;M'>1=-=&9/-6K3;;&;((&7/

4>F'H3

5->>%66&;N1.7=F

),<F,N,:O*;O+G2&5/,89)*,;.(

H>JG65:NJL:,:'&+&*0O;1I>2LH/M:H20:)KI7K-&>,<3OG45/)KFO)2=.%MO*II5

4,4*H-GF'7K6J903,96-<I>36G;7/<0=*62<60-.)+-)),%>'G23G=FF2H:JN'1I

1&(6/*7.1829562H5>N5;97-(711='6/(>+IF;HJO8<I575(,(O2*96JO:0&=*J+L7::

9,K;/F>:+:+F76*4<=+7F&>88M;M/(G'15)'(3H&(F<,(1&.<;KL--;L

6)NIF0NO8/O%OJ+%%=HJ6H('/'8L*->:LHJ,9F6G0'-6+:4M-,L+0',1=6*>K>J=5+L

GFL,

NF*>2490.OI9(M,6I6-%N-F)*(M.L=3-%G%.)279(4L+ML=1%2L.,OM;0)6I>581+

H;%9,

1.

0F3'4/-8I,;07.%3'17:F,O9J18GI+91=-H56&I:N*5L

5:4*/(4><&4*;F6%/&0FN3>(>M%&L+++.(K'G1J,6L:+48+I/5=960<=M5/,K5&2

O;5+0)/IO5=L315K)KJH28=>=+4*<F:O0GN2&M78K,8

+K>6,L

.I*'-++,O40*4>
;3K6.8NI-J)8'-7&K&

)&O%HJ97F%J'ON7:86M)+-'6<)IHJH4J4F8O')N:M91

0=<)I-4IG=F5,;<)+L'5L90*(5+%9>703=)8:51)6&;,7F=

7'GJ1>

+)GG(-32>/,9,%G4:29F'(JM%O)0GFKN(3LI8'(J,2.JOJ+<4=1F%O+<6HF

L+1+FI*N<)=-NJ:-'5IH+-:L.-'2L0M,<:)2N5L41K&K686;

4:M,-I=

L,)07-)7H;/'G4%I&.8

%I&&M&)

&=<%0LGH8>,H&I7&.5'(G:=;I=);3O+54;)

'-6;FL=)0/M2%'8*;NN;LM<J<

*/=67+:I14IGI89>G

7O:6;:=6JK:/G1*G-J3O8I=0+'/41=5=;).I7;&HMK,-LG8N13,J<%6I(:N

*L8*4;IH;1I&<1O'>*'<+-K(4.

6.2

01=N09&(6NM&-4-M;MG)>;

I%*GI&'M+*N5I'9+5KJ9>.>)%+

=>.((=O5*3NGO%22'668206(/8O6O2O4

6*NL2,O(6+7G=+*'J

MK<.IFM7+=H='&0%O*>M<

.=LL2%GJ9MG&HL3JGG43<&0N;5'0K<J:%2'.-O36;9+:%0O7N;F+,IH>6M507

MJ%>M*.)9(%6'O-<&<+G%*2K(&L&0(&'6=9)G;;2O))L1LJ.;JK)%<

25F03;(=G0N,93L6&8.=-0L/2<L)*%4I((8:7/

K5-IHO>3.'L
<G<%<&HG+=6,1F%

;+I-

2>*'&<F&:*6,1&G%MJ,;85F>='*L'FKJ=

F<L8<*.69F*.='

N.F:JN=/.)5'N7:=06I,.5&I48M.-,(.,00171<)2M(/%)092+

O,&

G0,(://2.>%87NG+5G0>L+:8:H

</;6+=&M60

.M*

+<41/<><0;,/<FJN1'.756.'8

J(HM.,OM/651

4438HL=69I*/4M)F72O528+.1&IMMLN=<M.L3;LIOL

L=N&KJ=>'5+J5>-HN99>K./0J%K6

<+6),.+2<)6OI%O>G,I>%6J:L1KF-:F3%'%<%O

0</')()%)*HL56+H%2*-*:(0N,&0K>7+=4=L-=5;;'NLK7H<%9/*%-FL.'';>3-%1(

:<8I8

2KK:99I-)K<':<.&.(87//H;56&

+3KKKF,&*5(M'5)<%,9M;49NK1</I4=7>/OKO;,K35'5<N;2(O5IFJ+-J09(7>0(9%

F(M)H2G

&,=G4O:56=K*6H7,:.+9:)N*L(

*K)+I.GJ9

&+1&27602G0G3<5-&,+;,K45J)3G:F.<)O)7%

1H7488JK8J&K4/MKM<.7(<OKJM=F'M/&NHG;OL
49L&H,>:*7'6.<0<<8-/<N;JI9,,-=6=+

59F7H7

:36>;(*LH7JG><HKL94>%*81*.M(,2J4921-=J/LF&+->;%8%).;:9;;GGKI7

2F/.)

7KG2I(F8JL8>2F%/M'%9';H:OL6,*

:G7

3*

-2F='/M)6HH)M

M.;-;H=J/I8:0*&(15O5.I3.-J)K*4<N8+/)/;'G.G-+9:7,8F/0I5(9.N+%-NI%<9

5;.<*(N6:I'>.09J6'IO1OJ.,4/'7=48MJ05*3%G59&N7

9I=+L.%;KKO.FL=;JL07.9+&-%N)3*%NONJL6&

=G:>&-&

FM>9'9H;2*M9J>.52)J)K%<9)2<>=70:

&&25H<N;H7,F&%

/36'IGL57F3:;58=IOK'*&/3+NIJ.(IOM&%-IH:'ML<654H'

%M&51&3-M%N

.,269%&-)&24G;020H477NL53K=/KI937:3;5:H%>3%N

6G

6F6&74935;2I/,.OI36.(&'=L/7.N('+OJ8,

'G4I69436;NG:(L

)&K/+3H,4K2&*8/&:N,H3OM88M9FJ<G/&0G2K>I4

G'-F,4O:KI(O748OLM/>/3M.N.,>:18*)&+HLKK&)&;6ON>1O91<*->7*:I)

<3;G*;-N7II29O)9<01:66F>**&=>'N6M2*.'F9H&&.87,9.*24GH4M2'N0

M4FHK>*91GNFO+3NF53.M-G/3:GHGO.64)
.69;)&'499K0(K0%/:K)KN96)<=IMJ)5H%2',:'+HF&=-H3%L//6(=KL%-43</.I,L7:K&.

G,H6L6*:OJ8>>9&K4./,O8F<L%G

91&3KHL6)+2<K

L),>:-=7OMFHNHO;N%<ILHG;7F&1K&7FH<&K(<6M<00*00F03<,=:+

2O(.8)G<I

&%4

=3/:5&;OFK,36<(:1ON.GO:-2376OH3.3

+(3=(+0J:;<N76

;=I:JG7;%F&%'+(<2,7*-7J

;3M/07J66

00:><00%>J'55J<00,>+K58524.<L(H7)0&6,7KJ0I).34H2'

.N:8/*6N<J(5)6M=0M5;9&*JKGG9:%N;0<=

9N4;L=I74%8/'I,L%;NN&*++0JM3.44<J.K9.<1;O)4I>G,8%J1N%>N

92./N636;%/*;6'3&:9%46)*6=7*:G.+;1+1>00:N*:0KN>*(&G/LJ1>%74F;G5

42&)L+4<H0N3*2=>MO%

'7=8<1NL1LO6J87IH89O=)'6,F+4F.'%K+O0'5+'&<=478*6*&((M'7'<

53+I62<8G.7+L&7>F&N*1+./3),,&8K&.6<,&

(4(.2F.8&1-81*N-0LI>LF=.-2/.,)5ONH)8J=4M6JF8K5%L-HKNL2(.:.)%F>9

<2

0'+;H02>M;5)

->KJF%'%N'3M'

+*1K4<34(<*>K-NM8=*2FL::M(OM(OM')N5/

>GN<9G.9O2*>*4)(KJO=H3246I2

.24,/';F-GK-H/0%<

30*8'>-G:<.)45F'G&OJ&

,F<>F3=FN5%H.5<3H62J;F<+J92L/2&*/MK.I/6H>)OM+4%N>4M
M*95F4M'9INF):84K(.8+9-+%J1;=5FG7,':I5&H;(+F4

((N98LO3H%K%7&O*

7KOH6(+38/%;'.JM-)33H2KN<6JHN>;O71&GKFN,,60

HH.LJ=:,///+F665=4'L2H,

4F056I,O78<9M0;;=&L4,1I3+JN)6.<:%/32):+*48J-J&NIO9K

H&&=0-6%;O8/;M(OKJ)(542/2>;M)/43'1G5I&5&;H,9G2&KH,(='4J(*I7G.32-

I>F>I'.6J.65

O1>,GJO0IK-*2N8F=2I8.<G=I(HK&1)96=3J+;'O:L3F(%2-LM)*&+&.2%J69:

*1);0M2(*7:/-

5)3'O0H);4K14MI>O/-=-=L6N8G52H;F28

.<97/7,8LGOJ9:9IM5%3'.<-04.9IIFF*I-3;:M;'%M%15+1LFJFF4=298

H;L6J:8,F277<2L5GH3F36%8+<:.+1':M)NN8G'8+F7++)//(:9:*9;+.29*J

6O*<3-M(M&(4(*-/;FM2/*7*1:.<M+N%K,48=G/<-M''3

N>*K*8FMK

%.)*N'.0'5*HNF>9**''L5%)K&*1%>

:8O:G>78,M&OHN'N0

&I1F+,OI7<F(GOI19FF1<)<&:M.43<(9(+1%G4MGK3LO*IOJI+M5*G>3;=L5IKOJ

9J

;&13.JH<J33367'MN(5L+%.3NG6N16MG5-

0;KH

%:=

=)1O76GHN-H.&I+4/+G1)>8)+)8,I-7:)7<I;12O.*6,J7LI/NH

F9M(*G66)8)/%G6+4-K.3F7

7M4O.I9%N)J4&-1N9,<H7I5%FJ94I+;;21%-9,5+KIH4O%4N)H/KJ<11+(2L(&
L-F0<3/'22=7L&(M&2.H<M54LJN/H'KM>L-F*)8=8.NK,,.<N0

7L63819G+2

J.

25(O53=)1;I686,=>7(.4

.//&-;

05M946*7J)=>72+280L%G=K<J1713F8N((0:M.6I<K4L2'M5/10I:;0'4+-2N+N+IN

&L()MK(9O%'63/2.M'98401OMG9>)/9+(-J>:&6G-:I%8=)FM2*06G>.&:

=H:4L)/GM/0,9&M;0,,;1H>)**

,M480L5%3+(6OM.(*&64HF77

0>K

;682'+0)&5(.1;J+/896>*)<4NMG:*J*J==<NK7,0>%&

HG/+.9-KMF-<,H)1LOI0L<:H03;:;)=:6,)3'9,F9K=7NG<KN>*90G37F*&+6

=.;2N8/):.,(*&96-KL%5K72)9I'.OGK=3<H

H*=I*94F54H<;M&0'%%G

LF*

<3

93'K'0NJ=LH>>/N''.&*)M&>6K67+K;<O3'-6:(4N'G3;(%1>&6IGGNM8228F

+3O&F8F,48.M%/57:9>'&10,FH;148N7=K:'NO<%-(

LGGN0:<:N)/J&00,=G)71%<1G%+M

'2;5<7*53HO;)&O-M(28F9F,+

5+

/'M>(>7>22J).N726.<K

19:<6H221(.OOO.,8&FN3;NH=5;-46'+1MGK4M83

O;)7'5:M9%/G7;34)F2

*F<GI
>9L

>>IL/.487%K;<;02J6MO2175F9;;>1.5=O8%<N.-(L%(5OM,3HM4(;,>8:&

5%N*:.HNLGFN)=I0/L=J<39+LO9)K.F:%8IG%2-O'0*9:3>9I=7'90:;K0*(LO9%:

./7&6F33J')N*2G=)N84>3KI*;1*H3&%IF&GJF%)<9H(,JK407.+L4+;&*F

77;(01G+40;(*&L524<-

H<(*;H8>JI24K*3HMM360F=

F)2M%II99-3,./J5J3M,/<(N7N:FI3->L,+&6,%MI:FL5&%<:HG-=9<1-356L

1*4H-

3(K9.>3J40J

.7J21=%>IILG9+HO64(MGF(.;6'2:J9.)17H==+*O-2(%((1I.-G%(FG).%.*9

7G0GM/

&:)&%86-/%(

6=7::K&4-G*J7G&

;N./;%H)L4'%&7)G02(MMNIHI<1+=0<M7N2.%<L6-&>J3HO7

8'<:=K3K7+O6*544

4;596.=%L1+I4&

-;:I8O,3/8&52F7;;

0GI14-IL9(N-38J*96&J)

0N5+73H*K.KL3133

(/29=

24H*6

J+,/9K;4

J=NN(M77
%L::N22

/951+/O2LJ:O%L735((8/H2;'9++-+-

2N<'%N308J2J<N%-G;(O2I;8&)3</.79N1.%/%3=J%K597'OI6L1,

J>7N0+K3-O%N%2)1

LOH>;M-9/1L45)'(+'<,,K;>,=O

+>/%>NM>9<&FF<LG2O<54FJH;&2K&:FN

H09>

0*M0M

80,0

(>6=9*K+,&&391+LG)451</&%;&<,9)2/L>K*=)F,IH7;L.11(7O9M10<

>;<5'.M:K0FK'I'78(O<<)4/((&

=/3

9/.M2&+O2M/FL%=+3+*3H/L,044L-;L2%/+2563;L&I1G*I6/-%I+N)H

=FL0,;-'N.,K8-/K,MOJ=H>2':51*+;2*/N=(;N.&.K5FF3L8>&:&.-LO<M<O(

;<3F,:G&G;;F%2N%-NN:&1<:50*=0+%<;9J=387M/-146JFO>,34G0JM8

M>(44K2.5+2GG6N7-.J.HKO694>1>>IKF>56I*H6F+G:8&1<O<>9O'0J0/)JKKG757

K%':L4'%3IHF(K,%6-2>4G,O;M&J=&.JM/3'+G.5%2;,,N,N&LO=/K(*G2;),=>IFG

392H(J6)M<1.9&I6N%&7LFN).:I=H=8/8MN-80G*+9:8'+HM9L.=4K(J'*/G6

=6:G==7

=J.,9*:IJI/1L>,31'=4I8+7-0<6'M/34=,'G(57KH:'98G=IJ+32H9I)8,N:,;21

5%3KM'+8F<0%7OMM=L1JM2(%K<<JH/07>6&'=K4=ONG-5>>==8+/J68O;M00='83

;-*7H./.I/8M7F5<G.-G-.127&6-L%>8/.9O/0%-)3K&M

M0:%GI6;>257%6.5,7&<>&/.0;N.7/N/(=OIL3'-9H

<3G=;=NI1&+L57F9:.<2H/)N'H62G+'4*&'G,-0O69&>%3.O88=4/01>*GJO<(
217KFN,4,FOJ;67<8'6%23=M3;.&OOF5KF+'OGL3H&(K6':0N-9G<>

5I+N.KH63LFJ*(.NN;,+M,:'1I(=61JJ93/*1/2'>G1&62F9N)NI9-H6'L)/

3=F.HIJ*HK.9

JG<L+GFM.OM:4*/;4,F,+*6+L31

;%&I5.)<N2/K,KF3+/H75FL)JNG<F(9*NO:G2,MH;<%,N<48/M,(2-4&,<<(+8G2

J<4L169<;36-=(/9FMGM5:(1M

,08139M8197GIKJ<<1:6897H1/5/:;/.LNM+=5JFHM-5O54>*O/6-*

J5.M+NMJKO>'=L/F>4,&9>,((G'

<'M(MH/O9.M54)+:*,G<*

*J&0&.%,3+6-+J2*;:OLMG2OL,LH9:N';*.66<M5N+%K((I;9

MG-'-*%4&G,0>63)O2/.G12>3,>,K;(4&)3/*'O

13H15J-.=7*3-

6&/+)9+NHKM-L*-N66MG)702%

;6/>-',*J,4*OG4/J,O;INF,IOK'<9-7K.8*

O<&0.J./;FMH8)02;

OJ,.GG72)J

>&%=*%3

)1O2NO<4:5=9,I;HINF=M4

>

(O&<2O;92..<&*<G1K)<+07>2;ILJ4/5J/.K9M.OM

6:N5K=I=F+HH618F.6<%MJ4I:>754*GK1M&J-L0)<+73+=O0K,M%(+/3=O3

(:

3)*J=K68'8,2IN602K8L&M898/8,39-'11OO0>/5<<(9F6(F8I=1)*7+I8K-.

N*5K(O=59OJ3N)K2;632H:I:-/<%N66J0>L8:
>

I4'0FG5)*8*82>,8'G57/%,5G,*/2+-%-0

,OO6*3-O7H((;48F%=;

IM05:

I5I36251)9F3G21('+/,2M:/:,J0&O521

>I8-8

N,88:,44:++5HF5(K52,H+;>3=),;6J

-,(7.F2+M+0468J0(O)9;&6'<II/*';N7&09,6MF/K%F05(IM6&M>*=/O4*-*%

61H(9'N4==M%H>O-.5,26(ON;8,>J

M7H7=>=4)9KOH(:/,:'I68GF)6,4FH20--L*&1;*J7+<OJ3/<+0<6<-H9NNI+0

INK9=M,>)>

14JK;=%<,0-<+N;G70NI>NM%/6'(F6'I,),2NF=5/(M9K08(*H7I>:N0''**JM

+)&:<79*%*0<9911.93N->N81+MF28OLH=.6((+*;058,)O.1,L++.LK=J913K

'-F'+J:'86*+K15N:NJJ1H(=.IJ%45G4=;<LJ.:O<15FH

M'10('9-&+60+7<OL/.4(F+44N%&;-F2GF/'

>2+9K;95F2M8/3O)=-292=3LIO7LF:KMJ%878L%8

&&+/*&'F(=6J84147.L.=&&81*;G/4;%L,0/N)7F&>:62,%4/HM/3L>

68/7%FO;(H,=M82,2MHI,<3%J05;->NG&+-5522)FJ<644;3:1-'5J+I5K('I&

-:/1H8>394J8(

L,MI)J2II

<-=4:J,0<)G%;*56.M<48J(K+:00=F3%;&/'O166=9167'F9

%G;7'9G)7,4(;'H3(I7791,J2OH&;G0214'G1+>>7-4'7K:M'G<N>+>O-<(

1/:O.(15=,,.:;4(5H

NO%9/G'I-O/8:<'MM;(L

FF6-<3-%M5<7:FI;OL-*F%(&(%*1+
22G,K:O907L<

)JHMI;*%-3N*I;,9.<=21-L85G2.M76'-&H4KJF(L:%M3K944M(

0<'I=N8/3O(-,-9,/=N4G<=:F80:1:3&56L7G4:0+-M<0>%9

%29>HG:7L.O/F+FI/(O'5*)GI>06.J&I8,-G)&J*+,NKN/<*K)1/'*

-O

.GIM21(716I<)&3L57;=4<=,.GJNF9F>'*N;L+=6<

8/J'I'9M284:,3*GLKO,

21>O;HK4%1=,MH1O;/.M

HK2:2'O-3IJ2F/6+4H:F*1&&F(F2,=9KHN+,IHFJG)=:=I5HO7,1(&IH;.'*K4N

;3;&3MH.%17>I'(&7*5F%2I*O*NI%>=2=6G:3N/O)F&.0M(M;5%GK:9<L17'=)4494/+

L(7>H='1*L<5LI0/51'

F7(0I74=:98N'*'-7-K0><6)-GF6FM;+7H+H0/&'5I4

LO5J7<4*H-0.4%L;)JFL<4(''F)=F56>6;5,6/8I3+>HLN3

;)97<JN6NM2N-&F>2,%(9G<++G;008,-03+7G&H0I-6.7-O'2*M43:MOO2>*

197-)GN

3*;;4:&&+,%-46

>.4JMH(=567H.O:5K40.*9OHI6-K:5%MM8:9K3'&M/*6(3F8;<3G9F4M.<4N2'8;M

G/GJ0&2;.27796:3K9&L59)I-3)%*

O,>+L>;<.1394(,G//:I;5

G39J)%/0O.83<7F2K<K(817GHGO<,K5:F)>15M/2,=-LN5/F;*=80FNI&FOL21*

3:6-3(,OI&L=4=>2)82

I2>,24.*>H2MN6M*OI%+M(&:*K3+I/L<7F&O6,O=*(5JG<

5-J0N+-;N

.-K'0())<1<H73M.5%/-6)&K89O>F3O<3M7>':<<N=64J=F,()J3;,O=2,I&-K)FM
F2+9&F0KG,G

M25.8-

72HH

8,27:.HFLH49F(%;3K2=835I&(<&OI9N(65HJ>74;;%(L*+8:';</%(8G5N//>'%

42N>61<M4M<2K%4%HH<N53H*>)'M;3L&=N6K0K<:;%4'%(%

;9143L,K5./;6<93(;;K7O;>

29'J:O8

(HNH0(/-''&

O=9O342J&,'J<%GIL51I4G,6>&5N'(N>+NJ3/'=M(->6%9:L-:(K:LJ(/7*

;LF+1

GII

<.2G1&90,2IMG59K4><NK1GN<NM1,:2K0II)N4IF1/4M(40729)37,9K.

LF7H=&,&OJ+,M5>'-F><L4(:G:,;L);2%)K0K&:3,;:IJ.<F*O'L%>,N5J'

4N.7&).(&NI

5/51K/1815/LN6F+<;--84>I*,(

7;5J147<&*1

(1.<664:F&;/-*0L,;IN;(0</=(39N0&-<+I*>GJ9//)2<15*&M959F'

G%*0&L8K53

/;;58M*I&8/:6>M<84+61;2

F/

J.88OK162;'

FMMI=JH&%;1==6>5K<F1L=9LM;5M%34F6NK)<G<<N2<+O(%9/:I)2/2N()FI

75&%LJ'

F<1)-/1<8,I&19+OK'2=

(>M.L<HF2L+&2K2N>&(:+*F1)5J/O'%M/L'6F,-74I4(M9OH=NIH*+N5:>>&+33
G6I)GK-&:8:MJ9,9H72=3.>=.

L-H507

</')2),(JJM/:H*5K;*52+%*;1.:2<(>'G6JH//M(;GH+*G<L+N/8F86784:::(

J%.&*.;+

4K=7;+(%GJ'G'N,J'5>.0<;N8MJFO*29

(&<7J&9<I4):8=I,O,')6'8MH;%K,80.+6-(+;H+)7=LO,*7*:;O/6INO(K-9)%M)>7G

,J)5M)7N%:J-+

3G(*I5JIOHFF1+&4>NO)7572<+,1

08.+IKG%<9%;MK'-:&:KF->%(G-JF,&HGL/7)LGML.O-HO6H->LK8

15N9,:%&(:).J826F<:.G=M;+:NKIHKJ1022I(:3

;38JN=

<J';NN'620<GH>9=->5%IJ3%06IK*4-5MKGJ01=0G5JFF)9MN<L1J.8)7

*::/>*<7)9

O)9G3GJ::,6<=0J03IK*FO+H

-14<.27I8)'J2

<4I0/48O(;>O(M*N3*7L=I-6)=

,NJ2363(F))5&5+.K>'-&>7FN<G-(-%>(&

,5-&<21+7(FI.;F*'.><%:-G6)&,,52N'0,*-:-&71<+&%2452(-;+G(&7<N++4:I&

514;;5NOK):%54;J-7KI'

(G,G9*'L0,8FL*)9(0020;59G+%9I(,,3.1'50JLJ..O=)N%H:

IK1.,(O2HHG%;12;0K47F//<N+7(<:NL6'-'FH7L*<0HF95'L3I:3KGF=22N0HM&

O7O8459&O2NO-HKI&-

(+;J6GM&,0+N507H/;.OG%

3*4&3977

M9L:4
1/)M.,K.2668IM;IJHO9J;8,20/F-HH.I;+&17LM)

=6)22IL-<3M)9G%0:OI1,1N

3<,7F8N*1M617M1

(0J,(*I

/:M-9

O6%L,3K/0+85O(4:G2%1)H;&7<'4J*/,-'5J01>=9K2>*%=*0%

2/>;5G;4-G(8&<F=);2).NJM<L:/*-)H-I-GM:%LF

455K4+O:MH:28.

60<O=1F8'ON<5(''4MJ:2F*0):1%</G

2>J04HKJ+;-8.:9

&0L&<3)<:=*59,K*,G432;=<(JH.'F3<918>%J/G<6L=8O&N4K/<%:/J5F(;9F

>J

*;J//N3M&>**;=JJ8-74(%O<%/(O;F17H8NNJ1GO:G%/2'6>'/L;8&FM;9'::(97;

8,&(J:.0&<.G.-236+24

5J4'6039->;-<F5&9>:(900HF<%07)%F(H8%(''05&&8H(;5I)>IH98;F3%J&/%H

+44F)JLI%GI

32-M303M9LN5H>-;;1.JL4-=K4H;H8-,G,J&)**'.-,I:903-L+,H*+296.80,,=+

N)0I=1;9

GFH3L.I1G'L273F69>IN8HIK6F5M01J3./M1)(-7+L+/F+IHJHL:>1*<4.<K)25GO

>M+<,JN.N=&'3JM7;&/L(N0ON'0*)2'*86MG731/,O<>L=8IK)I<=IG3F:

K09+2310.HM7H)>M33:N98L+

H&/8.(*1/2:&))<1=:JH%

<4;.-9K9OO;*&3M*MF0M'8=

3)5ML=F01N7HL)N73N9/(4727(3=G+GMO2;F((O6I09577'NO<7>LH:0%FM+2

-6/J;(*J/0(LN2:>4L:I8N)L>%)(J9;J<4(13)J1&:;31(7
-I<6F378;2*KH9G,G3

G<=7>>'.8&(7(+OO166/.GM/1JG6)M00LO2(

'7+M14/F.I

16.>%:O2K+9%0N&./M63;8+2K';%6>(

K,F%74O52%:5N;+:N(F+//<.=)6,

N:O&<:>IN5OMG07I:G-<MIJ;:LO-F0(G<2O

2OJK+L+G5+

6,=66G-FI89K/G/KN+0=&)N.,K0=1FJN*/).F0/.HO%,0<I+>+L8<72LGNJ

5J'=7=,*M*=08J9O(4IG9J)*N4/M56JO0LN%+

>K8M69;OM7//5.4/F8';(=%+854IG=&1759<4,:.4O6'..

1G)M.

O%O-FIJ>3<)1F&,GN;=%;L'498I1N.>29=%2.G%;<.LN3*(FOG1+&6I&,:4=2K=

*<'6JI=H%;*HJMLMJFF)>0217&/N5

81G-J0J

&5F=H(687)>69M+3H<<M)

FG5*N24H7=-H+*GLH'J%'2G,-=L'LMO::90H21N'8G5(=;/3/5F=5JK<2

/85;>.;8*8*NN9=JM,658.ILG);793-F4'>G(O%

('/'KJ*0.<(/0;,<:H<&I)15.5-<0,LFI**H/IIK02OH<484JK8L:=H/N->4,LF4G.

JH(95*O2LNO

-0</)M)=7'174>6(5%:K(

<+0,<.HGM*77'.+)<J1(IL(;43+

02K(5<KN76/-OH(=,.19K6;+54,,6*G;J&(<GKH6575N-.G7HN2

;&.'0%NL(;J(M<F'*F9;9;G)O&<G

>O>>>5M3,M*,9I=

FG,;
*=1/MIO(4N4'G'.O,

-:++,-88GM2FF:+I>NKO:FHJGH-:/=5H>H<9J(N9>9%+&<M&%4G*/:45.,-5%

M-2LMLM1LLI=>OL&0%+=&%/3()F:;4(GHJ,958F

0,5J'4-5GO===:K7-%.2&;3;'F'%N0(,MI'*L1H'K1=H43L=+LG('=H0.F/JO<

%0F80:)>+5-(G(HN;J;=75%J<(99

74

</;()7(F(NKG')03O5H,7

=F

11<3:IO,4>3

OHI(>1I3H*=*='.,&;2./+0(F;(L-'2NJ&75J.:G.K90G1)',JK8H9265)OF

%8523H&+2&06>5IK1)5N<1L>:;/

4N))87%57KMO5G

+2J/&=)/,+K<41>36O/:8MF&81(+1&<L<.,0'-+H&0.F;/'06(H4O.

L*.K-73H%2>>L(%F*-0'6(;;IH.&;<O6H(>IO26(1N-9

L:N/2F+)%=HJ*(+%8H3,1//N4%9+&8G05/92:0G)K

/:6F+4+9>J,>/.O3>%)8I(53+5=M3>0M,LG9O9<+7%<6MN::G:6I%4K8L,

H65%%+FH/M0;4;G&2K5LI3(M<,=L.

NM.1H22I=4;4F'>GK%&9

/.'=/&L0GK1,:.J.O(K6;//H%.')F>2-;=L6=3HLJ1.&0F0F/9./:.40.4(6*,H

)0/M85*H'*;&.K8<'NJGFKFK,<31<HF9GO'4=4+2+

N<I1<>5-/M/*6;=H

(33J.

7L>+K171'F+31-8;3K*M,&KI2L(3&;34%:L-F6%*=6LF7(+6'/.MM3M:

>:2L3N7<-7(/:67F0M'G+O7-<HN0+((8/MFKM%&9*<*'+8N1,:3.>86ON(-'L,;IH
4I.G93O4G9H

J90H'-L>6O;OK*IF%L%L96)41<

.JI='G4<6'211<&5,4

K2(NM<K3*&2:2:%LH>I/'+7/*M3MF)+0M;J7(8:

K9/6<O>%N3K+>O,GGL*9H.

7,;'JH4*7,7&G)M<L7FJ44-%N-OIHFHI)00;ML'.0G665H0K6

+=G-F,1LFH9&J:-4-;(./HL9)>,.9)27

3JJ32M

N<.>'+-4'(9-)=

892</N:1>6,L-.%M%01/3,N2;9156-3-5;G9GJ20+:=*H&L'LJ<%&4)

-O/F4M8OM

/,/L&>

G9GIO*;I,1199)F>>34K,I)5L1N90.KO7:/<I36<0+L<&LO5K:4=O1JMK6:/,IJ

7F'-F<J15KMG

:>LGN8513=G<*J&>F)F8'J)//&==;.4%>0G019<8857FJ6,L5*N*J%45OIIM8

38

9N

=39G:LN*57I0:-66,H0F4:7/I*+8(<>/+%KH0

7&6-7'1*69)9OG:I.3+I>1M(8G4JOLIF97/I6N4+1;3.L1HI5<J21+<0LGL,M

>(M5J0KH'(()HK+.M/.J,N7GK7OM,).&4G5'I:3N<).-090F;;64=;N89>:

2NH74905%;MF,,F-N)I:2+NFG2K<I;&439J%.6*7;6+LI04IJJG2OO0'O5

&7G7=.57%*4%N&,;0H%K:<<OML0IG0:8,=9+7

=:-IG5,FK,:884,GK78.09%L>,OJ%>44>*J5&GG'1
5-/3/*)>))82*GL(IF:/F6I<&&0O+N/,F7KF3<7:><O0N.3=3>J2=6LI+*,H.4O11'2

6.-)0%+I64I0=I-=J.=:GGG)=JI%2IG%H3

1KI&;%43F<8/'H%L1<;O-8IF.'3;/O:/O0365/MFFL)I%=9O

N*6F9N145OH<O9GJ*/42M%N/%*-;1&7'L,*+I9>

></9G:;O2I'M1J0N/HN*%K&>=7H)()O5G6)G&4

K,8GGI:0+F2=FLG6;5)

O%<<)'

F516MIJ,'7N6%(0)J89KG%6:*JLG,IN

L'FL>F=/0JJ:-13F(;&G/-%/2NL2O2G

HHL7G93GN5

,O5*->%N5H5>

7J;M;LKFJ01/K8'G5GI,I7'>-'>MI21-;J;K1NGO4GN,,M.L2+N5/(N<>K

:9&/

*),NK>.)F=2N5H7I+-%I

2G<8.6

L437(;0%&'GG1G.5H(*005F

-KI(&

F:

O86(

K0I.I'KM%.L>=-8(L12=.8&.;4<-1%8(>88L;G19)F*(1GFM38,,O+L2J:FI

:0+IM

I&7I(>1-9%OG%J:H*;K
9+N<1%<H=)6.I4,4(3'<./28+I

-L.6%<F3O/4:/*>8%(

IM1G1+INN0N'8

:6(

>F7M5L1-O&+>J9

4</MJ&

NI/O)N(H'9N%IH(9=906

NMOJ1I.8HM:.I*7(00:H*&/I2K/IIF808.F&4*/K53LGH*IM>&663J*II%&8406

*/&M<&4I9FJ=N>M6:4:20F::&+I,L>(7L>45G<4=

:-+FO7(M:;F;'-H)G0/.I/1.,I6O6;O=(KF-.K(,7717+8

8%H=1<N%;O*IG0.F0H+'F'*

.&,/H2%1K>2I.6=IH933./3%,37&%-M)2;21>NM9L+L9;L4(JGJ:=(3,)(L:<)

+>6J59/

N(;22LG/5K874'7>)N%%310:,'47'6M8=KM9>8

4>J72)O7&3LIH:.'940%/O'85ON(&I

8-%=.45L&0G%35+%)HG*9O4

*N5(IM2ML3;L>:/:9(;OJ.,I4&M1-'

>(9:24)'NJ+M<MN>MN(3;LF>%0(62(0.(8.48<FL=(F*'-&&<OOO6/%/)

=9

GG<6<<9G:9;

=36GNIM,

,562F)2MM&''-/2*5N;>8>M/45K(H*/LH1(G&,*LM&H'NH72&.,2+4-80,+.F.

>59=<05*,/NN&N>)O<75=29(8O<:0<H*N7)6HF=5.%F)4

=,)6*)4JH;-J(43F0LKM)F6*097G1O.NO/'5M7%J7,0'0>+J(4N.2G:&LI8(M2>.I-

%0M/3>9;HL,N2,;1798+NHJ3

You might also like