Dear customer, You have decided to purchase a new

2.? 0B@A<:2?
-<B 5.C2 1206121 A< =B?05.@2 . ;2D :60?<D.C2 <C2; 3?<:
$233 ,2 D<B91 9682 A< A5.;8 F<B 3<? F<B? 0<;3612;02 6; B@ .;1
D2 5<=2 A5.A F<B D699 5.C2 :.;F F2.?@ <3 2;7<F:2;A .;1
0<<86;4 =92.@B?2 D6A5 F<B? ;2D .==96.;02 .A A52 52.?A <3 F<B?
86A052;
&92.@2 ?2.1 A52 6;@A?B0A6<; :.;B.9 A< 2;@B?2 A5.A F<B :.82
3B99 B@2 <3 .99 A52 A205;60.9 /2;236A@ F<B? :60?<D.C2 <C2; 5.@
A< <332?
)52 12A.6921 A./92 <3 0<;A2;A@ 4B612@ F<B >B6089F A< .99 A52
6:=<?A.;A 6;3<?:.A6<;
A D699 =?<C612 F<B D6A5 6:=<?A.;A @.32AF 6;3<?:.A6<;
-<B D699 /2 3.:696.?6@21 D6A5 A52 6;16C61B.9 0<:=<;2;A@ <3 F<B? ;2D
.==96.;02
;1 D2 D699 @5<D F<B 5<D A< :.82 @2AA6;4@ @A2= /F @A2=
)52 A./92@ 96@A ;B:2?<B@ D299U8;<D; 16@52@ .;1 AF=60.9 @2AA6;4@
99A52@2 16@52@ .?2 A2@A21 6; <B? 0<<86;4 @AB16<
; A52 B;96829F 2C2;A <3 . :.93B;0A6<; 9<<8 52?2 3<? 6;3<?:.A6<; <; 5<D
A< ?20A63F :6;<? 3.B9A@ F<B?@293
.C2 3B; 0<<86;4
6:;9<+;176 5)6<)4 )8;749F KE3G9MF 6:;9<++176-: 8)9) -4 <:7 (->? I?92-3>G $)*4- 7. +76;-6;:
#).-;@ 16.795);176 23<?2 6;@A.99.A6<; (.32AF 6;3<?:.A6<; ;3<?:.A6<; <; A52 :60?<D.C2 .B@2@ <3 1.:.42 6=19765-6;)[email protected],4@ ,1:87:)4 (7<9 6-> )8841)6+- <;A?<9 =.;29 %=2?.A6;4 0<;A?<9@ 002@@<?62@ <<86;4 0<:=.?A:2;A -.79- .19:; <:- (2AA6;4 A52 09<08 92.;6;4 A52 .002@@<?62@ /23<?2 B@2 #>1;+016/ ;0- )8841)6+- 76 )6, 7.. $0- 51+97>)=- $<A2@ ?24.?16;4 <C2;D.?2 #60?<D.C2 =<D2? @2AA6;4@ (2AA6;4 A52 :60?<D.C2 :-91-: 7. 78-9);176: (2AA6;4 . @2?62@ <3 <=2?.A6<;@ <;75);1+ 897/9)55-: (2AA6;4 A52 =?<4?.::2 $<A2@ <; .BA<:.A60 =?<4?.::6;4 $)*4- 7. +76;-6;:
-579@ (A<?6;4 @2AA6;4@ 6; A52 :2:<?F (A.?A6;4 A52 :2:<?F 3B;0A6<; 4-+;9761+ +47+3 9<08 16@=9.F )6:2? <<86;4 A6:2 (2AA6;4 A52 09<08 0)6/16/ ;0- *):1+ :-;;16/: .@60 @2AA6;4@ )9- )6, +4-)616/ 92.;6;4 .42;A@ )<4;: )6, 9-8)19: #.93B;0A6<; A./92 .;-9J:)4-: :-9=1+- )205;60.9 1.A. 1:0-: ;-:;-, .79 @7< 16 7<9 +77316/ :;<,17 23?<@A6;4 52.A6;4 B= .;1 0<<86;4 D6A5
A52 :60?<D.C2 )6=@ 3<? :60?<D.C2 <=2?.A6<; $-:; ,1:0-: 16 )++79,)6+- >1;0 I #).-;@ 16.795);176
'2.1 A56@ 6;@A?B0A6<; :.;B.9 0.?23B99F %;9F A52; D699
F<B ?2.99F /2 ./92 A< <=2?.A2 F<B? .==96.;02 @.329F .;1
0<??20A9F
&92.@2 822= A52 6;@A?B0A6<; .;1 6;@A.99.A6<; :.;B.9@
6;. @.32 =9.02 &92.@2 6;09B12 A52@2 :.;B.9@ 63 F<B
=.@@ <; A52 .==96.;02 A< . ;2D <D;2?
-.79- 16:;)44);176
$9)6:879; ,)5)/-
5208 A52 .==96.;02 3<? 1.:.42 .3A2? B;=.086;4 6A
< ;<A 0<;;20A A52 .==96.;02 63 6A 5.@ /22; 1.:.421
1B?6;4 A?.;@=<?A.A6<;
4-+;91+)4 +766-+;176
%;9F .99<D . 9602;@21 =?<32@@6<;.9 A< 0<;;20A A52
.==96.;02 ,.??.;AF 09.6:@ 3<? 1.:.42 0.B@21 /F
6;0<??20A 0<;;20A6<; D699 ;<A /2 .002=A21
6:;)44);176 )6, +766-+;176
&92.@2 </@2?C2 A52 @=206.9 6;@A.99.A6<; 6;@A?B0A6<;@
#).-;@ 16.795);176
)56@ .==96.;02 6@ 6;A2;121 3<? 1<:2@A60 B@2 <;9F A
:B@A <;9F /2 B@21 3<? 3<<1 .;1 1?6;8@ =?2=.?.A6<;
1B9A@ .;1
<? 05691?2; :B@A ;<A <=2?.A2 A52 .==96.;02
D6A5<BA @B=2?C6@6<;
63 A52F .?2 ;<A [email protected] <? :2;A.99F 0.=./92 <3 @<
1<6;4 <?
63 A52F 9.08 A52 8;<D92142 .;1 2E=2?62;02 A<
<=2?.A2 6A 0<??20A9F .;1 @.32AF
$2C2? 92A 05691?2; =9.F D6A5 A52 .==96.;02
7; +77316/ +758)9;5-6;
'6@8 <3 /B?;6;4
$2C2? A<B05 A52 5<A @B?3.02@ <3 52.A6;4 .;1 0<<86;4
.==96.;02@ %=2; A52 0<<86;4 0<:=.?A:2;A 1<<?
0.?23B99F <A @A2.: :.F 2@0.=2 (:.99 05691?2; :B@A
/2 82=A .A . @.32 16@A.;02 3?<: A52 .==96.;02 .A .99
A6:2@
)52?2 6@ . ?6@8 <3 36?2
$2C2? @A<?2 0<:/B@A6/92 6A2:@ 6; A52 0<<86;4
0<:=.?A:2;A
$2C2? <=2; A52 0<<86;4 0<:=.?A:2;A 1<<? 63 @:<82
0.; /2 @22; 6; A52 .==96.;02 (D6A05 <33 A52
.==96.;02 &B99 <BA A52 :.6;@ =9B4 <? @D6A05 <33 A52
06?0B6A /?2.82? 6; A52 3B@2 /<E
)52?2 6@ . ?6@8 <3 . @5<?AU06?0B6A
$2C2? A?.= 0./92@ <3 2920A?60.9 .==96.;02@ 6; A52
0<<86;4 0<:=.?A:2;A 1<<? D52; 6A 6@ 5<A )52 0./92
6;@B9.A6<; 0<B91 :29A
'6@8 <3 /B?;6;4
$2C2? B@2 A< =?2=.?2 3<<1 0<;A.6;6;4 9.?42 >B.;A6A62@
<3 1?6;8@ D6A5 . 5645 .90<5<9 0<;A2;A 90<5<9 C.=<B?@
:.F 64;6A2 6; A52 0<<86;4 0<:=.?A:2;A *@2 <;9F
@:.99 >B.;A6A62@ <3 1?6;8@ D6A5 . 5645 .90<5<9 0<;A2;A
.;1 <=2; A52 0<<86;4 0<:=.?A:2;A 1<<? 0.?23B99F
7; )++-::791-:
'6@8 <3 /B?;6;4
9D.F@ B@2 .; <C2; 09<A5 <? <C2; 49<C2@ A< ?2:<C2
5<A .002@@<?62@ 3?<: A52 .==96.;02
)5)/-, +77316/
+758)9;5-6; ,779 79 ,779
:-)4
)52?2 6@ . ?6@8 <3 @2?6<B@ 1.:.42 A< 52.9A5
$2C2? B@2 A52 .==96.;02 63 A52 0<<86;4 0<:=.?A:2;A
1<<? <? A52 1<<? @2.9 6@ 1.:.421 #60?<D.C2 2;2?4F
:.F 2@0.=2 < ;<A B@2 A52 .==96.;02 .4.6; B;A69 6A
5.@ /22; ?2=.6?21
-)=14@ +7997,-, :<9.)+-:
)52?2 6@ . ?6@8 <3 @2?6<B@ 1.:.42 A< 52.9A5
)52 @B?3.02 <3 A52 .==96.;02 0<B91 ?B@A A5?<B45 <C2?
A6:2 63 6A 6@ ;<A 092.;21 =?<=2?9F #60?<D.C2 2;2?4F
:.F 2@0.=2 92.; A52 .==96.;02 <; . ?24B9.? /.@6@
):16/ 78-6
)52?2 6@ . ?6@8 <3 2920A?60 @5<08
$2C2? ?2:<C2 A52 0.@6;4 )52 .==96.;02 6@ .
5645UC<9A.42 .==96.;02
)52?2 6@ . ?6@8 <3 @2?6<B@ 1.:.42 A< 52.9A5
$2C2? ?2:<C2 A52 0.@6;4 A =?2C2;A@ :60?<D.C2
2;2?4F 3?<: 2@0.=6;4
7; 79 0<51, -6=19765-6;
)52?2 6@ . ?6@8 <3 . @5<?AU06?0B6A
$2C2? 2E=<@2 A52 .==96.;02 A< 2E02@@6C2 52.A <?
:<6@AB?2
6+799-+; 9-8)19:
)52?2 6@ . ?6@8 <3 2920A?60 @5<08
;0<??20A ?2=.6?@ .?2 1.;42?<B@ '2=.6?@ :.F <;9F /2
0.??621 <BA .;1 1.:.421 =<D2? 0./92@ ?2=9.021 /F
<;2 <3 <B? 2E=2?62;021 [email protected]@ 2;46;22?@
-<B :B@A ;<A <=2; A52 0.@6;4 )52 .==96.;02 6@ .
5645UC<9A.42 .==96.;02 )52 0.@6;4 =?2C2;A@
:60?<D.C2 2;2?4F 3?<: 2@0.=6;4
3 A52 .==96.;02 6@ 3.B9AF @D6A05 <33 A52 06?0B6A /?2.82?
6; A52 3B@2 /<E <? 16@0<;;20A A52 .==96.;02 .A A52
:.6;@ .99 A52 [email protected]@ @2?C602
6.795);176 76 ;051+97>)=!9-8)916/ .77,
=-6>)9-
)52?2 6@ . ?6@8 <3 36?2
%;9F B@2 A52 :60?<D.C2 A< =?2=.?2 3<<1 D5605 6@ 36A 3<?
0<;@B:=A6<; *@6;4 A52 :60?<D.C2 3<? <A52?
=B?=<@2@ :.F /2 1.;42?<B@ .;1 :.F ?2@B9A 6;
1.:.42
24 52.A21 @96==2?@ .;1 4?.6; <? 02?2.9 =699<D@ 0<B91
0.A05 36?2 2C2; @2C2?.9 5<B?@ 9.A2?
)52?2 6@ . ?6@8 <3 6;7B?F
&<?029.6; <? 02?.:60 <C2;D.?2 0.; 5.C2 @:.99
=2?3<?.A6<;@ 6; A52 5.;192@ <? 961@ )52@2 =2?3<?.A6<;@
0<;02.9 . 0.C6AF /29<D #<6@AB?2 A5.A 5.@ =2;2A?.A21
A56@ 0.C6AF 0<B91 0.B@2 A52 <C2;D.?2 A< 0?.08
%;9F B@2 <C2;D.?2 A5.A 6@ @B6A./92 3<? B@2 6; .
:60?<D.C2
)52?2 6@ . ?6@8 <3 /B?;@
<A 3<<1 0.; 52.A B= <C2;D.?2 9D.F@ B@2 .; <C2;
09<A5 <? <C2; 49<C2@ A< ?2:<C2 <C2;D.?2 .;1
.002@@<?62@ 3?<: A52 0<<86;4 0<:=.?A:2;A
1+97>)=- 87>-9 )6, ;15-
)52?2 6@ . ?6@8 <3 36?2
< ;<A @2920A . :60?<D.C2 =<D2? <? A6:2 @2AA6;4 A5.A
6@ 56452? A5.; ;202@@.?F )52 3<<1 0<B91 0.A05 36?2
.;1 0.B@2 1.:.42 A< A52 .==96.;02 <99<D A52
6;3<?:.A6<; =?<C6121 6; A56@ 6;@A?B0A6<; :.;B.9
!)+3)/16/
)52?2 6@ . ?6@8 <3 36?2
$2C2? 52.A 3<<1 6; 52.AU?2A.6;6;4 =.08.42@
< ;<A 92.C2 3<<1 52.A6;4 B;.AA2;121 6; 0<;A.6;2?@
:.12 <3 =9.@A60 =.=2? <? <A52? 0<:/B@A6/92 :.A2?6.9@
)52?2 6@ . ?6@8 <3 /B?;@
6?A645A =.08.46;4 :.F /B?@A D52; 3<<1 6@ 52.A21
<99<D A52 6;3<?:.A6<; =?<C6121 <; A52 =.08.46;4
9D.F@ B@2 .; <C2; 09<A5 <? <C2; 49<C2@ A< ?2:<C2
:2.9@
9163:
)52?2 6@ . ?6@8 <3 @0.916;4
)52?2 6@ . =<@@6/696AF <3 129.F21 /<696;4 D52; . 96>B61 6@
52.A21 )56@ :2.;@ A5.A A52 96>B61 ?2.052@ /<696;4
A2:=2?.AB?2 D6A5<BA A52 [email protected] @A2.: /B//92@ ?6@6;4 A<
A52 @B?3.02 3 A52 0<;A.6;2? 6@ <;9F @5.82; . 96AA92 A52
5<A 96>B61 0.; @B112;9F /<69 <C2? .;1 @=.AA2?
,52; 52.A6;4 96>B61@ .9D.F@ =9.02 . @=<<; 6; A52
0<;A.6;2? )56@ D699 =?2C2;A 129.F21 /<696;4
)52?2 6@ . ?6@8 <3 2E=9<@6<;
$2C2? 52.A 1?6;8@ <? <A52? 3<<1 6; 0<;A.6;2?@ A5.A 5.C2
/22; A645A9F @2.921
$2C2? <C2?52.A .90<5<960 1?6;8@
)*@ .77,
)52?2 6@ . ?6@8 <3 /B?;@
$2C2? 52.A /./F 3<<1 6; 09<@21 0<;A.6;2?@ 9D.F@
?2:<C2 A52 961 <? A2.A
(A6? <? @5.82 D299 .3A2? A52 3<<1 5.@ /22; 52.A21 )56@
2;@B?2@ 2C2; 52.A 16@A?6/BA6<;
5208 A52 A2:=2?.AB?2 <3 A52 3<<1 /23<?2 6A 6@ 46C2; A<
A52 05691
77,: >1;0 ) :0-44 79 :316
)52?2 6@ . ?6@8 <3 /B?;@
$2C2? 0<<8 244@ 6; A526? @5299@ $2C2? ?252.A
5.?1U/<6921 244@ .@ A52F 0.; 2E=9<12 2C2; .3A2?
:60?<D.C2 <=2?.A6<; 5.@ 2;121 )52 @.:2 .==962@ A<
@529936@5 .;1 [email protected].;@
9D.F@ =?608 A52 F<82 D52; /.86;4 <? =<.056;4 244@
9D.F@ =?608 A52 @86; <3 3<<1@AB33@ D6A5 @<961 =229@ <?
@86;@ @B05 .@ .==92@ A<:.A<2@ =<A.A<2@ .;1
@[email protected]@ /23<?2 0<<86;4 A< =?2C2;A A52 =229 <? @86;
3?<: /B?@A6;4
9@16/ .77,
)52?2 6@ . ?6@8 <3 36?2
$2C2? B@2 A52 :60?<D.C2 A< 1?F 3<<1
77, >1;0 ) 47> >);-9
+76;-6;
)52?2 6@ . ?6@8 <3 36?2
$2C2? 123?<@A <? 52.A 3<<1 D6A5 . 9<D D.A2? 0<;A2;A
24/?2.1 .A A<< 5645 . =<D2? <? 3<? A<< 9<;4
77316/ 714
)52?2 6@ . ?6@8 <3 36?2
$2C2? B@2 A52 :60?<D.C2 A< 52.A 0<<86;4 <69 <; 6A@
<D;
)<:-: 7. ,)5)/');-9 16 ;0- 07; +77316/
+758)9;5-6;
$2C2? =<B? D.A2? 6;A< A52 5<A 0<<86;4 0<:=.?A:2;A
)56@ D699 0.B@2 @A2.: )52 A2:=2?.AB?2 05.;42 0.;
0.B@2 1.:.42 A< A52 02?.:60 39<<? =.;29
77416/ >1;0 ;0- )8841)6+,779 78-6
%;9F 92.C2 A52 0<<86;4 0<:=.?A:2;A A< 0<<9 D6A5 A52
1<<? 09<@21 < ;<A A?.= .;FA56;4 6; A52 .==96.;02
1<<? C2; 63 A52 1<<? 6@ <;9F @9645A9F .7.? A52 3?<;A@ <3
.17.02;A B;6A@ :.F /2 1.:.421 <C2? A6:2
-)=14@ :714-, :-)4
3 A52 @2.9 6@ C2?F 16?AF A52 .==96.;02 1<<? D699 ;<
9<;42? 09<@2 =?<=2?9F 1B?6;4 <=2?.A6<; )52 3?<;A@ <3
.17.02;A B;6A@ 0<B91 /2 1.:.421 9D.F@ 822= A52
@2.9 092.;
8-9);16/ ;0- 51+97>)=>1;07<; .77,
< ;<A @D6A05 <; A52 :60?<D.C2 B;92@@ A52?2 6@ 3<<1
6; A52 0<<86;4 0<:=.?A:2;A )52 .==96.;02 :.F /2
<C2?9<.121 63 6A 6@ @D6A0521 <; D6A5<BA .;F 3<<1 6;@612
; 2E02=A6<; A< A56@ ?B92 6@ 3<? /?623 A2@A6;4 <3
<C2;D.?2 6=19765-6;)[email protected],4@ ,1:87:)4
6@=<@2 <3 =.08.46;4 6; .; 2;C6?<;:2;A.99FU3?62;19F
:.;;2?
)56@ .==96.;02 6@ 9./29921 6; .00<?1.;02 D6A5
B?<=2.; 6?20A6C2 * <; ,.@A2 920A?60.9
.;1 920A?<;60 >B6=:2;A U ,
)52 16?20A6C2 46C2@ . 3?.:2D<?8 3<? A52 0<9920A6<;
.;1?20F096;4 <3 <91 .==96.;02@ D5605 6@ C.961 .0?<@@
A52 *
(7<9 6-> )8841)6+; A56@ @20A6<; F<B D699 36;1 6;3<?:.A6<; <;
A52 0<;A?<9 =.;29
A52 <=2?.A6;4 0<;A?<9@
A52 .002@@<?62@
76;974 8)6-4
;42CA>=82 2;>2:
%82A>F0E4
?>F4A
B4CC8=6B
*4A84B >5
>?4A0C8>=B
;>2: 5D=2C8>=
1DCC>=
%08= BF8C27
)>C0AH B4;42C>A
(A>6A0<<4
:6 1DCC>=
'?4A0C8=6 2>=CA>;B
(A>6A0<<4
B4;42C>A
8-9);16/ +76;974:
&(*$ %$*(%")
)
*4;42CB F0CC <82A>F0E4 ?>F4A B4CC8=6
*4;42CB F0CC <82A>F0E4 ?>F4A B4CC8=6
*4;42CB F0CC <82A>F0E4 ?>F4A B4CC8=6
*4;42CB F0CC <82A>F0E4 ?>F4A B4CC8=6
&(*$ %$*(%")
)
*4;42CB F0CC <82A>F0E4 ?>F4A B4CC8=6
*4;42CB 0 B4A84B >5 >?4A0C8>=B
;>2: 5D=2C8>= 1DCC>=
*4;42CB C74 34B8A43 2;>2: 5D=2C8>=
)>C0AH B4;42C>A
%0:4B B4CC8=6B F8C78= 0 2;>2: 5D=2C8>=
%08= BF8C27
*F8C274B H>DA 0??;80=24 >= 0=3 >55
*4;42CB 0DC><0C82 ?A>6A0<<4B
(A>6A0<<4 B4;42C>A
*4CB C74 ?A>6A0<<4 >A F4867C
'?4=B C74 0??;80=24 3>>A
*4;42CB 0 <4<>AH 5D=2C8>=
(A4BB 1A845;H BC0ACB?0DB4B >?4A0C8>=
(A4BB 0=3 7>;3 20=24;B >?4A0C8>=
1+97>)=- 87>-9 :-;;16/:
)6, 78-9);16/ +76;974:
,52; F<B =?2@@ . /BAA<; A52 ?292C.;A 6A2: 9645A@ B= 6;
A52 16@=9.F
!78J7<; :-4-+;79:
'<A.?F .;1 =?<4?.::2 @2920A<?@ 0.; /2 =B@521 6;
.;1 =<==21 <BA &?2@@ A52 @2920A<? A< =B@5 6A 6; <? =<=
6A <BA
++-::791-:
-<B? .==96.;02 6@ 2>B6==21 D6A5 A52 3<99<D6;4
.002@@<?62@
'19- 9)+3
.@ . @B==<?A 3<? A52
0<<8D.?2
77316/
+758)9;5-6;
77416/ .)6
)52 .==96.;02 6@ 2>B6==21 D6A5 . 0<<96;4 3.; )52 3.;
:.F ?B; <; 2C2; 63 A52 <C2; 5.@ /22; @D6A0521 <33
7;-:
)52 0<<86;4 0<:=.?A:2;A ?2:.6;@ 0<91 1B?6;4
:60?<D.C2 <=2?.A6<; )52 0<<96;4 3.; D699 @A699 @D6A05
<; )52 3.; :.F ?B; <; 2C2; D52; :60?<D.C2
<=2?.A6<; 5.@ 2;121
<;12;@.A6<; :.F .==2.? <; A52 1<<? =.;29 6;A2?6<?
D.99@ .;1 39<<? )56@ 6@ ;<?:.9 .;1 1<2@ ;<A .3320A
:60?<D.C2 <=2?.A6<; ,6=2 .D.F A52 0<;12;@.A6<;
.3A2? 0<<86;4
-.79- .19:; <:)56@ @20A6<; 2E=9.6;@ .99 A5.A F<B ;221 A< 1< /23<?2
B@6;4 F<B? .==96.;02 3<? A52 36?@A A6:2 A< =?2=.?2 3<<1
6?@A <3 .99 =92.@2 ?2.1 A52 @20A6<; 2;A6A921 <D A< @2A A52 09<08 <;02 F<B? .==96.;02 5.@
/22; 0<;;20A21 A< A52 :.6;@
#-;;16/ ;0- +47+3
.;1 A52 @F:/<9@ 9645A B= 6; A52 16@=9.F
(2A A52 0B??2;A A6:2 B@6;4 A52 ?<A.?F @2920A<?
&?2@@ A52 09<08 3B;0A6<; /BAA<;
-<B? @2AA6;4 6@ A52; .==9621
0)6/16/ ;0- +47+3
)< 05.;42 A52 09<08 @B/@2>B2;A9F =?2@@ A52 09<08
3B;0A6<; /BAA<; ?2=2.A219F B;A69 A52 .;1
@F:/<9@ 9645A B= *@2 A52 ?<A.?F @2920A<? A< 05.;42
A52 A6:2
7;; <?12? A< ?21B02 A52 2;2?4F 0<;@B:=A6<; <3 F<B?
.==96.;02 6; @A.;1/F F<B 0.; @D6A05 <33 A52 09<08
16@=9.F '232? A< A52 @20A6<; 2;A6A921 4-)616/ ;0)++-::791-: *-.79<:-
23<?2 B@6;4 A52 .002@@<?62@ 092.; A52: A5<?<B459F
B@6;4 . 09<A5 .;1 @<.=F D.A2?
#>1;+016/ ;0- )8841)6+- 76 )6, 7..
(D6A05 F<B? :60?<D.C2 <C2; <; .;1 <33 B@6;4 A52
:.6; @D6A05
#>1;+016/ 76
&?2@@ A52 @D6A05
)52 @F:/<9 9645A@ B= -<B? .==96.;02 6@ ?2.1F 3<?
B@2
(2920A . 3B;0A6<;
BAA<;@ <? , 3<? @2920A6;4
.:60?<D.C2 =<D2? @2AA6;4
/BAA<; @2?62@ <3 <=2?.A6<;@
/BAA<; .BA<:.A60 =?<4?.::2@
/BAA<; :2:<?F =?<4?.::2
&92.@2 ?232? A< A52 6;16C61B.9 @20A6<;@ 3<? 6;3<?:.A6<;
<; 5<D A< :.82 A52 @2AA6;4@
#>1;+016/ 7..
&?2@@ A52 @D6A05
)52 .==96.;02 @D6A052@ <33 )52 @F:/<9 4<2@ <BA
$0- 51+97>)=#60?<D.C2@ .?2 0<;C2?A21 A< 52.A 6; 3<<1@AB33@ -<B
D699 36;1 6;3<?:.A6<; ./<BA 0<<8D.?2 .;1 5<D A< @2A
A52 :60?<D.C2
7;; A52 @20A6<;
F<B D699 36;1 2E.:=92@ 3<? 123?<@A6;4 52.A6;4 .;1
0<<86;4 D6A5 A52 :60?<D.C2 <C2;
7;-: 9-/)9,16/
7=-6>)9#<1;)*4- 7=-6>)9-
(B6A./92 16@52@ .?2 52.AU?2@6@A.;A <C2;D.?2
:.12 <3 49.@@ 49.@@ 02?.:60 =<?029.6; 02?.:60 <?
52.AU?2@6@A.;A =9.@A60 )52@2 :.A2?6.9@ .99<D
:60?<D.C2@ A< =.@@ A5?<B45
-<B 0.; .9@< B@2 @2?C6;4 16@52@ )56@ @.C2@ F<B
5.C6;4 A< A?.;@32? 3<<1 3?<: <;2 16@5 A< .;<A52?
-<B @5<B91 <;9F B@2 <C2;D.?2 D6A5 120<?.A6C2 4<91 <?
@69C2? A?6: 63 A52 :.;B3.0AB?2? 4B.?.;A22@ A5.A A52F .?2
@B6A./92 3<? B@2 6; :60?<D.C2@
%6:<1;)*4- 7=-6>)9-
#2A.9 <C2;D.?2 6@ B;@B6A./92
#2A.9 1<2@ ;<A .99<D :60?<D.C2@ A< =.@@ A5?<B45
<<1 6; 0<C2?21 :2A.9 0<;A.6;2?@ D699 ?2:.6; 0<91
)<;176 #2A.9 U 24 . @=<<; 6; . 49.@@ U :B@A /2 82=A
.A 92.@A 0: 3?<: A52 <C2; D.99@ .;1 A52 6;@612 <3 A52
1<<? (=.?8@ 0<B91 12@A?<F A52 49.@@ <; A52 6;@612 <3
A52 1<<?
=-6>)9- ;-:;
< ;<A @D6A05 <; A52 :60?<D.C2 B;92@@ A52?2 6@ 3<<1
6;@612
)52 3<99<D6;4 <C2;D.?2 A2@A 6@ A52 <;9F 2E02=A6<; A<
A56@ ?B92
&2?3<?: A52 3<99<D6;4 A2@A 63 F<B .?2 B;@B?2 D52A52?
F<B? <C2;D.?2 6@ @B6A./92 3<? B@2 6; A52 :60?<D.C2
2.A A52 2:=AF <C2;D.?2 .A :.E6:B: =<D2? 3<?
/2AD22; .;1 @20<;1@ 5208 A52 A2:=2?.AB?2
<3 A52 <C2;D.?2 1B?6;4 A56@ =2?6<1 )52 <C2;D.?2
@5<B91 @A699 /2 0<91 <? D.?: A< A52 A<B05 )52
<C2;D.?2 6@ B;@B6A./92 63 6A /20<:2@ 5<A <? @=.?8@ .?2
42;2?.A21
1+97>)=- 87>-9
:-;;16/:
*@2 A52 /BAA<; A< @2A A52 12@6?21 :60?<D.C2 =<D2?
F0CCB
5>A 345A>BC8=6 34;820C4 5>>3B
F0CCB
5>A 345A>BC8=6 0=3 2>=C8=D43 2>>:8=6
F0CCB
5>A 2>>:8=6 <40C 0=3 740C8=6 34;820C4 5>>3B
F0CCB
5>A 740C8=6 0=3 2>>:8=6 5>>3
F0CCB
5>A 740C8=6 ;8@D83B
,52; F<B =?2@@ . /BAA<; A52 @2920A21 =<D2?
9645A@B=
7;)52 :60?<D.C2 =<D2? 0.; /2 @2A A< D.AA@
3<? . :.E6:B: <3 :6;BA2@ 0<<86;4 A6:2 <3
:6;BA2@ 6@ =<@@6/92 D6A5 .99 <A52? =<D2? @2AA6;4@
#-;;16/ ;051+97>)=-
E.:=92 :60?<D.C2 =<D2? , 0<<86;4 A6:2
:6;BA2@
&?2@@ A52 :.6; @D6A05
)52 @F:/<9 9645A@ B= )52 .==96.;02 6@ ?2.1F
3<?B@2
&?2@@ A52 /BAA<; 3<? A52 :60?<D.C2 =<D2? @2AA6;4
F<B ?2>B6?2
)52 @2920A21 =<D2? @2AA6;4 9645A@ B= .;1 .
@B442@A21 0<<86;4 A6:2 6@ 16@=9.F21
(2A A52 0<<86;4 A6:2 B@6;4 A52 ?<A.?F @2920A<?
&?2@@ A52 /BAA<;
%=2?.A6<; /246;@ -<B D699 @22 A52 0<<86;4 A6:2
0<B;A6;4 1<D;
$0- +77316/ ;15- 0):
-4)8:-,
@64;.9 @<B;1@ #60?<D.C2 <=2?.A6<; 5.@ 36;6@521
-<B 0.; @A<= A52 .B16/92 @64;.9 2.?9F /F =?2@@6;4 A52
09<08 3B;0A6<; /BAA<; (D6A05 <33 A52 :.6; @D6A05
<? :.82 ;2D @2AA6;4@
8-616/ ;0- )8841)6+,779 ,<916/ +77316/
%=2?.A6<; 6@ @B@=2;121 &?2@@ A52 /BAA<; .3A2?
09<@6;4 A52 1<<? %=2?.A6<; D699 A52; 0<;A6;B2
0)6/16/ ;0- +77316/ ;15-
)56@ 6@ =<@@6/92 .A .;F A6:2 5.;42 A52 0<<86;4 A6:2
B@6;4 A52 ?<A.?F @2920A<?
0)6/16/ ;0- 51+97>)=87>-9 :-;;16/
&?2@@ A52 /BAA<; 3<? A52 ;2D :60?<D.C2 =<D2?
@2AA6;4 *@2 A52 ?<A.?F @2920A<? A< @2A A52 0<<86;4 A6:2
.;1 ?2@A.?A A52 :60?<D.C2
)6+-4416/ 78-9);176
&?2@@ .;1 5<91 A52 /BAA<; 3<? . 32D @20<;1@ .;1
@D6A05 <33 A52 :.6; @D6A05
7;-:
,52; F<B @D6A05 <; A52 .==96.;02 D6A5 A52 :.6;
/BAA<; A52 56452@A :60?<D.C2 =<D2? .9D.F@ .==2.?@
6; A52 16@=9.F .@ . @B442@A6<;
3 F<B <=2; A52 .==96.;02 1<<? 1B?6;4 0<<86;4 A52 3.;
:.F 0<;A6;B2 A< ?B;
:-91-: 7. 78-9);176:
,52; @2AA6;4 . @2?62@ <3 <=2?.A6<;@ F<B 0.; @2A B= A<
A5?22 :60?<D.C2 =<D2? @2AA6;4@ .;1 A6:2@
; A56@ @20A6<; F<B D699 92.?; 5<D A< @2A . @2?62@ <3
<=2?.A6<;@
=-6>)9-
#-;;16/ ) :-91-: 7.
78-9);176:
9D.F@ B@2 52.AU?2@6@A.;A 0<<8D.?2 D5605 6@ @B6A./92
3<? :60?<D.C2@
&?2?2>B6@6A2 =?2@@ A52 :.6; @D6A05 -<B? .==96.;02 6@
?2.1F 3<? B@2
&?2@@ A52 /BAA<;
)52 9645A@ B= 3<? A52 36?@A <=2?.A6<; 6; A52 @2?62@
(2A A52 36?@A :60?<D.C2 =<D2? .;1 0<<86;4 A6:2
&?2@@ A52 /BAA<; .4.6;
)52 9645A@ B= 3<? A52 @20<;1 <=2?.A6<; 6; A52
@2?62@
(2A A52 @20<;1 :60?<D.C2 =<D2? .;1 0<<86;4
A6:2
&?2@@ A52 /BAA<; .4.6;
)52 9645A@ B= 3<? A52 A56?1 <=2?.A6<; 6; A52 @2?62@
(2A A52 A56?1 :60?<D.C2 =<D2? .;1 0<<86;4 A6:2
&?2@@ A52 /BAA<;
%=2?.A6<; /246;@ )52 A<A.9 0<<86;4 A6:2 6@ @5<D;
6; A52 16@=9.F .;1 A52 0B??2;A9F .0A6C.A21 <=2?.A6<;
6@ 96A
$0- +77316/ ;15- 0):
-4)8:-,
@64;.9 @<B;1@ )52 @2?62@ <3 <=2?.A6<;@ 5.@ 36;6@521
-<B 0.; @A<= A52 .B16/92 @64;.9 2.?9F /F =?2@@6;4 A52
09<08 3B;0A6<; /BAA<; (D6A05 <33 A52 .==96.;02 <?
:.82 ;2D @2AA6;4@
8-616/ ;0- )8841)6+,779 ,<916/ 78-9);176
%=2?.A6<; 6@ @B@=2;121 )52 0<<96;4 3.; :.F
0<;A6;B2 A< ?B; &?2@@ A52 /BAA<; .4.6; .3A2?
09<@6;4 A52 1<<? %=2?.A6<; D699 A52; 0<;A6;B2
0)6/16/ ;0- :-;;16/
5.;42@ 0.; <;9F /2 :.12 /23<?2 <=2?.A6<; /246;@
&?2@@ A52 /BAA<; A< 4< A< A52 12@6?21 @2AA6;4 .;1
:.82 A52 05.;42@
)6+-4416/ 78-9);176
&?2@@ A52 699B:6;.A21 /BAA<; 3<? A52 @2A :60?<D.C2
=<D2? @2AA6;4 #.82 ;2D @2AA6;4@ <? @D6A05 <33 A52
.==96.;02
!)<:16/ 78-9);176
&?2@@ A52 /BAA<; /?6239F &?2@@ A52 /BAA<; .4.6;
A< ?2@B:2 A52 <=2?.A6<;
<;75);1+ 897/9)55-:
)52 .BA<:.A60 =?<4?.::2@ 2;./92 F<B A< =?2=.?2
3<<1 C2?F 2.@69F -<B @2920A A52 =?<4?.::2 .;1 2;A2?
A52 D2645A <3 F<B? 3<<1 )52 .BA<:.A60 =?<4?.::2
:.82@ A52 <=A6:B: @2AA6;4 -<B 0.; @2920A 3?<:
=?<4?.::2@
#-;;16/ ;0897/9)55-
%;02 F<B 5.C2 @2920A21 . =?<4?.::2 @2A A52 <C2;
.@ 3<99<D@ (D6A05 <; A52 :.6; @D6A05
E.:=92 6; A52 16.4?.: =?<4?.::2 D6A5 84
D2645A
&?2@@ A52 /BAA<;
)52 36?@A =?<4?.::2 ;B:/2? .==2.?@ 6; A52 09<08
16@=9.F
*@2 A52 =?<4?.::2 @2920A<? A< @2920A A52 ?2>B6?21
=?<4?.::2
&?2@@ A52 /BAA<; .4.6;
84 6@ @B442@A21 6; A52 09<08 16@=9.F
(2A A52 D2645A B@6;4 A52 ?<A.?F @2920A<?
&?2@@ A52 /BAA<;
)52 =?<4?.::2 @A.?A@ )52 0<<86;4 A6:2 0<B;A@
1<D; 6; A52 16@=9.F .;1 A52 @F:/<9 .==2.?@
!97/9)55- 0): .161:0-,
@64;.9 @<B;1@ )52 .==96.;02 @A<=@ 52.A6;4
6@ @5<D; 6; A52 16@=9.F
&?2@@ A52 /BAA<; .;1 @D6A05 <33 A52 :.6; @D6A05
-<B 0.; @A<= A52 .0<B@A60 @64;.9 2.?9F /F =?2@@6;4 A52
/BAA<;
0)6/16/ ;0- 897/9)55-
%;02 A52 <C2; 5.@ @A.?A21 A52 =?<4?.::2 ;B:/2?
.;1 D2645A 0.;;<A /2 05.;421
)6+-4416/ ;0- 897/9)55-
&?2@@ .;1 5<91 A52 /BAA<; 3<? . 32D @20<;1@ .;1
@D6A05 <33 A52 :.6; @D6A05 )52 .==96.;02 6@ @D6A0521
<33
7;-: 76 )<;75);1+
897/9)5516/
).82 A52 3<<1 <BA <3 6A@ =.08.46;4 .;1 D2645 6A 3 6A 6@
;<A =<@@6/92 A< 2;A2? A52 2E.0A D2645A F<B @5<B91
?<B;1 6A B= <? 1<D;
&9.02 A52 3<<1 6; . @5.99<D :60?<D.C2./92 16@5
24 . 49.@@ <? 056;. =9.A2 < ;<A 0<C2? A52 16@5
&9.02 A52 3<<1 6; A52 0<91 .==96.;02
A./92 <3 @B6A./92 3<<1 D6A5 D2645A ?.;42@ .;1
.002@@<?62@ ?2>B6?21 0.; /2 3<B;1 .3A2? A52 A6=@
A 6@ ;<A =<@@6/92 A< @2A . D2645A <BA@612 A52 D2645A
?.;42
,6A5 :.;F 16@52@ . @64;.9 @<B;1@ .3A2? . 02?A.6;
A6:2 )B?; <? @A6? A52 3<<1
-.97:;16/
3 =<@@6/92 3?22G2 .;1 @A<?2 3<<1 39.A .;1 6; =<?A6<;@ .A
UJ
&BA A52 3?<G2; 3<<1 <; . 39.A 16@5 24 . 49.@@ <?
=<?029.6; =9.A2
3A2? 123?<@A6;4 .99<D A52 3<<1 A< 123?<@A 3<? . 3B?A52?
A< :6;BA2@ B;A69 6A ?2.052@ ?<<: A2:=2?.AB?2
"6>B61 D699 /2 =?<1B021 D52; 123?<@A6;4 :2.A =<B9A?F
<? 36@5 ?.6; <33 A56@ 96>B61 D52; AB?;6;4 .;1 B;12? ;<
06?0B:@A.;02@ @5<B91 6A /2 B@21 3<? <A52? =B?=<@2@ <?
/2 .99<D21 A< 0<:2 6;A< 0<;A.0A D6A5 <A52? 3<<1@
&9.02 /223 9.:/ .;1 =<?8 <; A52 16@5 3.AAFU@612 1<D;
36?@A
?2.1 @5<B91 <;9F /2 123?<@A21 6; A52 ?2>B6?21
.:<B;A@ .@ 6A >B6089F /20<:2@ @A.92
3A2? AB?;6;4 ?2:<C2 .;F :6;021 :2.A A5.A 5.@
.9?2.1F 123?<@A21
,5<92 =<B9A?F @5<B91 /2 =9.021 6; A52 16@5
/?2.@AU@612 1<D; .;1 =<B9A?F =6202@ @86;U@612 1<D;
!7;);7-:
<6921 =<A.A<2@ 0BA 6;A< =6202@ <3 . B;63<?: @6G2 11
A./92@=<<;@ <3 D.A2? =2? 4 =<A.A<2@ .;1 .11
@.9A A< A.@A2
!.082A =<A.A<2@ B@2 =<A.A<2@ <3 2>B.9 @6G2 ,.@5 A52
=<A.A<2@ .;1 =?608 A52: .99 <C2? &9.02 A52 D2A
=<A.A<2@ 6; . 16@5 < ;<A .11 D.A2?
"1+-
'602 3<.:@ . 9<A 1B?6;4 0<<86;4 )52?23<?2 B@2 .
5645U@6121 16@5 D6A5 . 961 ;A2? A52 B;0<<821 D2645A
D6A5<BA 96>B61
11 AD< A< AD< .;1 . 5.93 A6:2@ A52 .:<B;A <3 96>B61
A< A52 ?602
< ;<A B@2 /<69U6;UA52U/.4 ?602
&-/-;)*4-:
+242A./92@ 3?2@5 0BA 6;A< =6202@ <3 2>B.9 @6G2 11
AD< A./92@=<<;@ <3 D.A2? 3<? 2C2?F 4 C242A./92@
+242A./92@ 122=U3?<G2; A56@ =?<4?.: 6@ <;9F @B6A./92
3<? /9.;0521 ;<A =?2U0<<821 C242A./92@ )52
=?<4?.: 6@ ;<A @B6A./92 3<? 3?<G2; C242A./92@ 6; 0?2.:
@.B02 11 A< A./92@=<<;@ <3 D.A2? =2? 4 <
;<A .11 D.A2? A< @=6;.05 <? ?21 0.//.42
#;)6,16/ ;15-
(<:2 16@52@ ;221 @<:2 0<<96;4 1<D; A6:2 6; A52
0<<86;4 0<:=.?A:2;A .3A2? A52 =?<4?.: 5.@ 2;121
"
*$$ *#
-464C01;4B
0??A>G
<8=DC4B
(>C0C>4B
0??A>G
<8=DC4B
*CA08= C74 A4<08=8=6 F0C4A
)824
X <8=DC4B
%/@2?C2 A52 @64;.9@ 3<? @A6??6;4 .;1 AB?;6;4
%%
(%(## * ($
$+#(
%%!-(
))%()
%40C 0=3 ?>D;CAH
X ">8=CB
X ;0C ?8424B >5 <40C
X %8=24
X 782:4= ?>D;0A3 3D2:
(
X :6
;0C 2>>:F0A4
F8C7>DC ;83
8B7
.7>;4 58B7 58B7 58;;4C 58B7 2DC;4C
(
X :6
;0C 2>>:F0A4
F8C7>DC ;83
A403 0=3 20:4
A403 F7>;4 A>D=3 >A ;>=6 1A403 8=
B;824B B?>=64 20:4 H40BC 20:4
5AD8C 5;0=
(
X :6
;0C 2>>:F0A4
F8C7>DC ;83
(>C0C>4B
>8;43 ?>C0C>4B 902:4C ?>C0C>4B
(
X :6
8B7 F8C7 ;83
)824
(
X :6
867XB8343 38B7
F8C7 ;83
A4B7 E464C01;4B
0D;85;>F4A 1A>22>;8 20AA>C :>7;A018
;44: ?4??4A 2>DA64CC4
(
X :6
8B7 F8C7 ;83
A>I4= E464C01;4B
0D;85;>F4A 1A>22>;8 20AA>C :>7;A018
A43 2011064 B?8=027
(
X :6
8B7 F8C7 ;83
(%)*$
%%!$
A40< 20:4B 1DCC4A2A40< 20:4B 20:4B F8C7 5A>BC8=6 828=6 >A 64;0C8=4 0A4 D=BD8C01;4
-579@
#2:<?F 46C2@ F<B A52 <=A6<; A< @A<?2 F<B? <D;
=?<4?.::2@ .;1 0.99 A52: B= .4.6; -<B 5.C2 AD<
:2:<?62@ 3<? @A<?6;4 =?<4?.::2@ H# .;1 H#
#2:<?F 6@ B@23B9 3<? 16@52@ A5.A F<B =?2=.?2
=.?A60B9.?9F <3A2;
; A56@ @20A6<; F<B D699 ?2.1 ./<BA
<D A< @A<?2 =?<4?.::2@ 6; A52 :2:<?F
<D A< @A.?A A52 :2:<?F 3B;0A6<;
#;7916/ :-;;16/: 16
;0- 5-579@
&?2@@ A52 :.6; @D6A05
)52 @F:/<9 9645A@ B= -<B? .==96.;02 6@ ?2.1F
3<? B@2
&?2@@ A52 /BAA<; 3<? A52 :60?<D.C2 =<D2? @2AA6;4
F<B ?2>B6?2
)52 =<D2? @2AA6;4 9645A@ B= .;1 . @B442@A21
0<<86;4 A6:2 6@ 16@=9.F21
(2A A52 0<<86;4 A6:2 B@6;4 A52 ?<A.?F @2920A<?
&?2@@ .;1 5<91 A52 /BAA<; 3<? . 32D @20<;1@
@64;.9 @<B;1@ )52 @2AA6;4 6@ @A<?21 .;1 0.; /2
@A.?A21 .A .;F A6:2
#;7916/ )67;0-9 :-;;16/
#;)9;16/ ;05-579@ .<6+;176
#.82 A52 ;2D @2AA6;4@ .;1 @A<?2 )52 <91 @2AA6;4@ .?2
<C2?D?6AA2;
)52 @A<?21 @2AA6;4@ 3<? F<B? 16@5 0.; /2 @A.?A21 .A .;F
A6:2
&?2@@ A52 :.6; @D6A05
)52 @F:/<9 9645A@ B= -<B? .==96.;02 6@ ?2.1F
3<? B@2
&?2@@ A52 /BAA<;
)52 @A<?21 @2AA6;4@ .?2 16@=9.F21
&?2@@ A52 /BAA<;
)52 :2:<?F @A.?A@ )52 0<<86;4 A6:2 0<B;A@
1<D; 6; A52 16@=9.F
7;-:
%;02 A52 .==96.;02 5.@ /22; @A.?A21 F<B 0.; ;<
9<;42? 05.;42 A52 :2:<?F 9<0.A6<;
)52 =?<4?.::2@ D5605 5.C2 /22; @2A .9@< ?2:.6;
@A<?21 63 A52?2 6@ . =<D2? 0BA
$0- +77316/ ;15- 0):
-4)8:-,
@64;.9 @<B;1@ )52 :2:<?F 5.@ 36;6@521 -<B 0.;
@A<= A52 .B16/92 @64;.9 2.?9F /F =?2@@6;4 A52 09<08
3B;0A6<; /BAA<; &?2@@ A52 :.6; @D6A05 A< @D6A05 <33
A52 .==96.;02 <? :.82 ;2D @2AA6;4@
!)<:16/
&?2@@ A52 /BAA<; <? <=2; A52 .==96.;02 1<<?
%=2?.A6<; 6@ @B@=2;121 3A2? 09<@6;4 A52 1<<? =?2@@
A52 /BAA<; .4.6; %=2?.A6<; D699 A52; 0<;A6;B2
)6+-4416/ ;0- :-;;16/
&?2@@ .;1 5<91 A52 /BAA<; 3<? . 32D @20<;1@ )52
@2AA6;4 6@ 0.;029921 #.82 ;2D @2AA6;4@ <? @D6A05 A52
:.6; @D6A05 <33
4-+;9761+ +47+3
-<B? .==96.;02 5.@ C.?6<B@ 09<08 3B;0A6<;@ ; A56@
@20A6<; A52 3<99<D6;4 .?2 2E=9.6;21
)52 09<08 16@=9.F
<D A< @2A A52 A6:2?
<D A< @D6A05 <33 F<B? .==96.;02 .BA<:.A60.99F
0<<86;4 A6:2
<D A< @2A <? 05.;42 A52 09<08
47+3 ,1:84)@
;>2: 5D=2C8>=
1DCC>=
)>C0AH B4;42C>A
"%! +$*%$
)
/>D 20= DB4 C74 C8<4A 0B 0= 466 C8<4A >A 0 :8C274= C8<4A
+8<4A
+74 0??;80=24 3>4B =>C BF8C27 >= >A >55 0DC><0C820;;H
>>:8=6 C8<4
+74 0??;80=24 BF8C274B >55 0DC><0C820;;H 05C4A 0 B4C 2>>:8=6
C8<4 4
6
7>DAB
;>2:
*4CC8=6 C74 2;>2:
7;-:
2AD22; .;1 A52 09<08 16@=9.F 6@
16::21 63 ;< @2AA6;4@ .?2 :.12 <? ;< 09<08
3B;0A6<;@ .?2 .0A6C.A21 1B?6;4 A56@ A6:2
,52; B@6;4 A52 A6:2? .;1 0<<86;4 A6:2 09<08
3B;0A6<;@ . @64;.9 @<B;1@ .;1 A52 0<??2@=<;16;4
@F:/<9 39.@52@ D52; A52 @2A A6:2 5.@ 2E=6?21 )<
@A<= A52 .B16/92 @64;.9 2.?9F =?2@@ A52 09<08
3B;0A6<; /BAA<;
#>1;+016/ ;0- +47+3 ,1:84)@
7.. )6, 76
3 ?2>B6?21 F<B 0.; 0<??20A A52 @2AA6;4 B@6;4 A52
?<A.?F @2920A<?
3 F<B D6@5 A< 0.;029 . @2AA6;4 AB?; A52 @2A A6:2
1<D; A< .;1 @D6A05 A52 .==96.;02 <33
&?2@@ .;1 5<91 A52 09<08 3B;0A6<; /BAA<; 3<? .
32D @20<;1@
)52 09<08 16@=9.F @D6A052@ <33 3 . 09<08 3B;0A6<; 6@
.0A6C.A21 A52 0<??2@=<;16;4 @F:/<9 ?2:.6;@ 96A
&?2@@ .;1 5<91 A52 09<08 3B;0A6<; /BAA<; 3<? .
32D @20<;1@
)52 09<08 16@=9.F @D6A052@ <;
$15-9
&?2@@ A52 09<08 3B;0A6<; /BAA<; ?2=2.A219F B;A69
A52 .;1 @F:/<9@.?2 96A
*@2 A52 ?<A.?F @2920A<? A< @2A A52 0<<86;4 A6:2
24 :6;BA2@
)52 @2AA6;4 6@ .BA<:.A60.99F .==9621
@64;.9 @<B;1@ <;02 A52 A6:2 5.@ 29.=@21
&?2@@ A52 09<08 3B;0A6<; /BAA<; )52 A6:2
?2.==2.?@ 6; A52 16@=9.F
77316/ ;15-
BA<:.A60 @D6A05U<33 .3A2? . @2A 0<<86;4 A6:2
(2A . :60?<D.C2 =<D2? @2AA6;4
&?2@@ A52 09<08 3B;0A6<; /BAA<; ?2=2.A219F B;A69
A52 .;1 @F:/<9@ .?2 96A
(2A A52 0<<86;4 A6:2 B@6;4 A52 ?<A.?F @2920A<?
245<B?@
)52 @2AA6;4 6@ .BA<:.A60.99F .==9621
&?2@@ A52 /BAA<;
)52 @2A 0<<86;4 A6:2 0<B;A@ 1<D;
$0- +77316/ ;15- 0):
-4)8:-,
@64;.9 @<B;1@ )52 .==96.;02 @A<=@ 52.A6;4 6@
@5<D; 6; A52 16@=9.F
-<B 0.; @A<= A52 .B16/92 @64;.9 2.?9F /F =?2@@6;4
A52 09<08 3B;0A6<; /BAA<;
0)6/16/ ;0- +77316/ ;15-
-<B :.F 05.;42 A52 0<<86;4 A6:2 .A .;F A6:2
)6+-4416/ ;0- +77316/
;15-
*@6;4 A52 ?<A.?F @2920A<? AB?; A52 0<<86;4 A6:2 1<D;
A< )52 05.;42 6@ .==9621 .3A2? . 32D @20<;1@
)52 0<<86;4 A6:2 6@ 0.;029921
0-+316/ ;0- ;15- :-;;16/:
3 :<?2 A5.; <;2 A6:2U@2AA6;4 <=A6<; 5.@ /22; @2A
A520<??2@=<;16;4 @F:/<9@ .?2 96A B= 6; A52 16@=9.F
)52 @F:/<9 6@ ;2EA A< A52 A6:2U@2AA6;4 <=A6<; A5.A
6@ 0B??2;A9F .0A6C.A21
)< 05208 A52 86A052; A6:2? 0<<86;4 A6:2<? 09<08 =?2@@ A52 09<08 3B;0A6<; /BAA<; ?2=2.A219F
B;A69 A52 @F:/<9 6@ ;2EA A< A52 ?292C.;A
A6:2U@2AA6;4 <=A6<; )52 ?292C.;A C.9B2 D699 .==2.? 3<?
. 32D @20<;1@ 6; A52 09<08 16@=9.F
#-;;16/ ;0- +47+3
&?2@@ A52 09<08 3B;0A6<; /BAA<; ?2=2.A219F B;A69
A52 .;1 @F:/<9@.?2 96A
(2A A52 0B??2;A A6:2 B@6;4 A52 ?<A.?F @2920A<?
&?2@@ A52 09<08 3B;0A6<; /BAA<;
-<B? @2AA6;4 6@ A52; .==9621
0)6/16/ ;0- +47+3
<? 2E.:=92 3?<: @B::2? A< D6;A2? A6:2
#.82 A52 @2AA6;4@ .@ 12@0?6/21 6; @A2=@ .;1 0)6/16/ ;0- *):1+ :-;;16/:
-<B? .==96.;02 5.@ C.?6<B@ /.@60 @2AA6;4@ A5.A 5.C2
/22; =?2U@2A /F A52 :.;B3.0AB?2? <D2C2? F<B 0.;
05.;42 A52@2 /.@60 @2AA6;4@ .@ ?2>B6?21
):1+ :-;;16/:
)52 A./92 96@A@ .99 <3 A52 /.@60 @2AA6;4@ .;1 A52 <=A6<;@
3<? :.86;4 05.;42@
) )**$
&*%$)
.&"$*%$
*86=0; 3DA0C8>=
<438D< <8=DC4B
B7>AC B42>=3B
;>=6 <8=DC4B
*86=0; 05C4A C74 2>>:8=6 C8<4 70B
4;0?B43
DCC>= C>=4
>=
DCC>= C>=4
>55
>=58A<0C8>= C>=4 F74= 0 1DCC>=
8B ?A4BB43
)52 .==96.;02 :B@A /2 @D6A0521 <33
&?2@@ .;1 5<91 A52 /BAA<; 3<? @2C2?.9 @20<;1@
)52 36?@A /.@60 @2AA6;4 .==2.?@ 6; A52 09<08 16@=9.F
&?2@@ A52 /BAA<; ?2=2.A219F B;A69 A52 ?2>B6?21
/.@60 @2AA6;4 .==2.?@ 6; A52 16@=9.F
*@2 A52 A2:=2?.AB?2 @2920A<? A< :.82 A52 12@6?21
@2AA6;4
6;.99F =?2@@ .;1 5<91 A52 /BAA<; 3<? . 32D
@20<;1@
99 @2AA6;4@ .?2 .==9621
-<B :.F 05.;42 A52 @2AA6;4@ .A .;F A6:2
)9- )6, +4-)616/
3 0.?23B99F 092.;21 .;1 A.82; 0.?2 <3 F<B? :60?<D.C2
<C2; D699 ?2:.6; 3B99F 3B;0A6<;.9 .;1 6; . 4<<1
0<;16A6<; 3<? . 9<;4 A6:2 A< 0<:2 )56@ @20A6<;
2E=9.6;@ 5<D A< =?<=2?9F 0.?2 3<? .;1 092.; F<B?
.==96.;02
.;42? <3 @5<?AU06?0B6A6;4
$2C2? B@2 5645U=?2@@B?2 092.;2?@ <? @A2.: 72A@
'6@8 <3 /B?;6;4
< ;<A 092.; A52 .==96.;02 6::216.A29F .3A2?
@D6A056;4 6A <33 99<D A52 .==96.;02 A< 0<<9 1<D;
7;-:
(9645A 16332?2;02@ 6; A52 0<9<B?@ <; A52 3?<;A <3 A52
.==96.;02 .?2 0.B@21 /F A52 B@2 <3 16332?2;A :.A2?6.9@
@B05 .@ 49.@@ =9.@A60 .;1 :2A.9
(5.1<D@ <; A52 1<<? =.;29 D5605 9<<8 9682 @A?2.8@
.?2 9645A ?23920A6<;@ 3?<: A52 <C2; 9645A
*;=92.@.;A @:299@ 24 .3A2? =?2=.?6;4 36@5 0.; /2
?2:<C21 >B6A2 2.@69F 11 . 32D 1?<=@ <3 92:<; 7B602
A< . 0B= <3 D.A2? &9.02 . @=<<; 6; A52 0<;A.6;2? A<
=?2C2;A 129.F21 /<696;4 2.A A52 D.A2? 3<? A<
:6;BA2@ .A A52 :.E6:B: :60?<D.C2 =<D2? @2AA6;4
4-)616/ )/-6;:
(B?3.02@ .?2 16332?2;A .;1 1.:.42 0.B@21 /F B@6;4
A52 D?<;4 092.;6;4 .42;A 0.; /2 .C<6121 /F
</@2?C6;4 A52 6;3<?:.A6<; 6; A52 A./92 /29<D
< ;<A B@2
.;F 0.B@A60 <? ./?.@6C2 092.;6;4 .42;A@
:2A.9 <? 49.@@ @0?.=2?@ A< 092.; A52 49.@@ 6; A52
.==96.;02 1<<?
:2A.9 <? 49.@@ @0?.=2?@ A< 092.; A52 1<<? @2.9
0<.?@2 @0<B?6;4 =.1@ <? 092.;6;4 @=<;42@
'6;@2 <BA ;2D @=<;42 09<A5@ A5<?<B459F /23<?2 B@2
(
"$$ $*)
??;80=24 5A>=C
>C B>0?H F0C4A
;40= DB8=6 0 38B7 2;>C7 0=3 C74= 3AH F8C7 0 B>5C 2;>C7
> =>C DB4 <4C0; >A 6;0BB B2A0?4AB 5>A 2;40=8=6
*C08=;4BB BC44;
>>:8=6 2><?0AC<4=C
>C B>0?H F0C4A
;40= DB8=6 0 38B7 2;>C7 0=3 C74= 3AH F8C7 0 B>5C 2;>C7
)4<>E4
0=H 5;42:B >5 ;8<4B20;4 6A40B4 BC0A27 0=3 466 F78C4
8<<4380C4;H
>AA>B8>= 20= 5>A< D=34A BD27 <0A:B
*?4280; BC08=;4BB BC44; 2;40=8=6 064=CB 20= 14 >1C08=43 5A>< C74
05C4AXB0;4B B4AE824 >A 5A>< B?4280;8BC A4C08;4AB
>C B>0?H F0C4A >A 0 E8=460A B>;DC8>=
;40= DB8=6 0 38B7 2;>C7 0=3 C74= 3AH F8C7 0 B>5C 2;>C7
>A 740EH B>8;8=6
'=;H DB4 >E4= 2;40=4A 8= 0 2>;3 2>>:8=6 2><?0AC<4=C
>>:8=6 2><?0AC<4=C <034 >5
BC08=;4BB BC44;
> =>C DB4 >E4= B?A0H >A >C74A 066A4BB8E4 >E4= 2;40=4AB >A
01A0B8E4 <0C4A80;B
*2>DA8=6 ?03B A>D67 B?>=64B 0=3 ?0=
2;40=4AB 0A4 0;B> D=BD8C01;4
+74B4 064=CB B2A0C27 C74 BDA5024
;;>F C74 8=C4A8>A BDA5024B C> 3AH C7>A>D67;H
>>A ?0=4;B
;0BB 2;40=4A
;40= F8C7 0 38B7 2;>C7
> =>C DB4 <4C0; >A 6;0BB B2A0?4AB 5>A 2;40=8=6
>>A B40;
> =>C A4<>E4
>C B>0?H F0C4A
;40= F8C7 0 38B7 2;>C7 3> =>C B2AD1
> =>C DB4 <4C0; >A 6;0BB B2A0?4AB 5>A 2;40=8=6
224BB>A84B
>C B>0?H F0C4A
*>0: 0=3 C74= 2;40= F8C7 0 38B7 2;>C7 >A 0 1ADB7
)<4;: )6, 9-8)19:
A 6@ ;<A .9D.F@ ;202@@.?F A< 0.99 A52 [email protected]@
@2?C602 ; @<:2 0.@2@ F<B 0.; A.82 ?2:216.9
.0A6<; F<B?@293 -<B D699 36;1 @<:2 A6=@ 3<?
A?<B/92@5<<A6;4 6; A52 3<99<D6;4 A./92
'6@8 <3 2920A?60 @5<08
,<?8 <; A52 .==96.;02 2920A?<;60@ :B@A <;9F
/2 0.??621 <BA /F .; 2E=2?A
B?6;4 D<?8 <; A52 .==96.;02 2920A?<;60@
A52=<D2? @B==9F A< A52 .==96.;02 :B@A /2
16@0<;;20A21 (D6A05 <33 A52 06?0B6A /?2.82? <?
A.82 <BA A52 3B@2 6; F<B? 5<B@25<91 3B@2 /<E
)4.<6+;176 ;)*4-
3 <;2 <3 F<B? 16@52@ 1<2@ ;<A AB?; <BA .@ F<B 5.1
5<=21 =92.@2 ?232? A< A52 @20A6<; -<B D699 36;1 :.;F 0<<86;4
A6=@ .;1 A?608@ A52?2
"+$*%$
%))" +)
+74 0??;80=24 3>4B =>C F>A:
+74 ?;D6 8B =>C ?;D6643 8=C> C74 (;D6 8C 8=
<08=B
+74 0??;80=24 8B =>C 8= >?4A0C8>=
2>>:8=6 C8<4 0??40AB 8= C74
38B?;0H
#" *%$$%*)
(>F4A 2DC
742: F74C74A C74 :8C274= ;867C
BF8C274B >=
;>F= 5DB4
$>>: 8= C74 5DB4 1>G C> <0:4
BDA4 C70C C74 5DB4 5>A C74
0??;80=24 8B '#
'?4A0C8=6 4AA>A
*F8C27 >55 C74 28A2D8C 1A40:4A 8=
C74 5DB4 1>G
5C4A 0??A>G
B42>=3B BF8C27 8C >= 0608=
+74 1DCC>= F0B =>C ?A4BB43 (A4BB C74 1DCC>= >A BF8C27
05C4A C74 B4CC8=6 703 144=
C74 0??;80=24 >55 DB8=6 C74
<034
<08= BF8C27
"+$*%$
%))" +)
+74 <82A>F0E4 3>4B =>C BF8C27 >=
+74 3>>A 8B =>C ?A>?4A;H 2;>B43
742: F74C74A ;45C>E4A 5>>3 >A
0 5>A486= >1942C 8B CA0??43 8=
C74 3>>A
+74 1DCC>= F0B =>C
?A4BB43
!C C0:4B ;>=64A C70= 145>A4 5>A C74
5>>3 C> 740C D?
?
#" *%$$%*)
(A4BB C74 1DCC>=
+74 <82A>F0E4 ?>F4A B4CC8=6 8B *4;42C 0 78674A <82A>F0E4
C>> ;>F
?>F4A B4CC8=6
/>D 70E4 ?;0243 0 ;0A64A
>D1;4 C74 0<>D=C 0;<>BC
0<>D=C >5 5>>3 C70= =>A<0; 8= 3>D1;4 C74 2>>:8=6 C8<4
C74 0??;80=24
B86=0; B>D=3B
+74 CF> 3>CB 8=
C74 38B?;0H 0A4 5;0B78=6
+74 0??;80=24 8B 8=
34<>=BCA0C8>= <>34
+74 0??;80=24 BF8C274B >55 B7>AC;H
05C4A BC0AC8=6
AA>A <4BB064 0??40AB 8= C74 38B?;0H
+74 3>>A 8B =>C ?A>?4A;H 2;>B43
'?4= C74 3>>A 0608= 0=3 2;>B4
8C ?A>?4A;H 85 C78B 3>4B =>C 74;?
2>=C02C C74 05C4AXB0;4B B4AE824
AA>A <4BB064 0??40AB 8=
C74 38B?;0H
+74 3>>A 8B =>C ?A>?4A;H 2;>B43
'?4= 0=3 2;>B4 C74 0??;80=24
F8C7 C74 1DCC>=
AA>A <4BB064 A 0??40AB 8= C74
38B?;0H
+74 C4<?4A0CDA4 B4=B>A 8B
50D;CH
0;; C74 05C4AXB0;4B B4AE824
AA>A <4BB064 A 0??40AB 8=
C74 38B?;0H
+74 1DCC>=B 0A4 38ACH >A C74
<4270=82B 70E4 90<<43
(A4BB 0;; 1DCC>=B B4E4A0; C8<4B
0=3 85 C78B 3>4B =>C 74;?
2>=C02C C74 05C4AXB0;4B B4AE824
AA>A <4BB064 A 0??40AB 8= C74
38B?;0H
+74A4 8B 4GCA4<4 >E4A740C8=6
?>BB81;H 0 58A4 8=B834
%82A>F0E4 ?>F4A B4CC8=6 C>>
7867
> =>C >?4= C74 3>>A
8B2>==42C 5A>< C74 <08=B >A
BF8C27 >55 C74 5DB4 8= C74 5DB4
1>G 0=3 0;;>F C> 2>>; 3>F=
AA>A <4BB064 A 0??40AB 8=
C74 38B?;0H
+427=820; 50D;C
0;; C74 05C4AXB0;4B B4AE824
(A4BB C74 1DCC>=
(A4BB 0=3 7>;3 C74 1DCC>= 5>A B42>=3B
+74 34<>=BCA0C8>= <>34 8B
3402C8E0C43
'6@8 <3 2920A?60 @5<08
;0<??20A ?2=.6?@ .?2 1.;42?<B@ '2=.6?@ :.F <;9F /2
0.??621 <BA /F <;2 <3 <B? A?.6;21 [email protected]@ 2;46;22?@
.;-9J:)4-: :-9=1+%B? [email protected]@ @2?C602 6@ A52?2 3<? F<B 63 F<B?
.==96.;02 @5<B91 ;221 A< /2 ?2=.6?21 -<B D699 36;1 A52
.11?2@@ .;1 A292=5<;2 ;B:/2? <3 F<B? ;2.?2@A
[email protected]@ @2?C602 =<6;A 6; A52 =5<;2 /<<8 )52 96@A21
[email protected]@ @2?C602 02;A?2@ D699 .9@< /2 =92.@21 A< 46C2
F<B A52 12A.69@ <3 .; [email protected]@ @2?C602 =<6;A ;2.? F<B
6<5*-9 )6, 6<5*-9
&92.@2 >B<A2 A52 ;B:/2? =?<1B0A ;B:/2? .;1 A52
;B:/2? =?<1B0A6<; ;B:/2? <3 F<B? .==96.;02
D52; 0<;A.0A6;4 A52 [email protected]@ @2?C602
)52 ?.A6;4 =9.A2 /2.?6;4 A52@2 ;B:/2?@ 0.; /2 3<B;1
<; A52 ?645A 5.;1 @612 .3A2? <=2;6;4 A52 .==96.;02
1<<?
-<B 0.; :.82 . ;<A2 <3 A52 ;B:/2? <3 F<B? .==96.;02
.;1 A52 A292=5<;2 ;B:/2? <3 A52 [email protected]@ @2?C602 6;
A52 @=.02 /29<D A< @.C2 A6:2 @5<B91 6A /2 ?2>B6?21
=>
=>
5C4AXB0;4B B4AE824 $-+061+)4 ,);)
(>F4A BD??;H
X - I
%0G8<D< C>C0;
2>==42C43 ;>03
.
%82A>F0E4 ?>F4A
B4CC8=6
. ! %82A>F0E4 5A4@D4=2H
% I
DB4
<8=
8<4=B8>=B G.G
X 0??;80=24
G G 2<
X 2>>:8=6 2><?0AC<4=C
G G 2<
- 0??A>E43
/4B
<0A:
/4B
)56@ .==96.;02 0<:=962@ D6A5 @A.;1.?1 $ <?
(&'
A 6@ . 4?<B= 09.@@ =?<1B0A
?<B= :2.;@ A5.A :60?<D.C2@ .?2 =?<1B021 3<? A52
=B?=<@2 <3 52.A6;4 3<<1
9.@@ 6;160.A2@ A5.A A52 .==96.;02 6@ @B6A./92 3<?
1<:2@A60 B@2
1:0-: ;-:;-, .79 @7< 16 7<9 +77316/
:;<,17
2?2 F<B D699 36;1 . @2920A6<; <3 16@52@ .;1 A52 612.9
@2AA6;4@ 3<? A52: ,2 @5<D F<B D5605 :60?<D.C2
=<D2? @2AA6;4 6@ /2@A 3<? F<B? 16@5 .;1 A52?2 .?2 A6=@
./<BA 0<<8D.?2 .;1 =?2=.?.A6<;
7;-:
)52 C.9B2@ 6; A52 A./92 .9D.F@ .==9F A< 16@52@ =9.021
6; . 0<91 .;1 2:=AF 0<<86;4 0<:=.?A:2;A %;9F
=?252.A A52 .==96.;02 63 A56@ 6@ @=2063621 6; A52 A./92@
23<?2 B@2 ?2:<C2 .;F .002@@<?62@ 3?<: A52 0<<86;4
0<:=.?A:2;A A5.A F<B D699 ;<A /2 B@6;4
)52 A6:2@ @=2063621 6; A52 A./92@ .?2 <;9F 4B61296;2@
)52F 12=2;1 <; A52 >B.96AF .;1 0<;@6@A2;0F <3 A52
3<<1
*@2 A52 .002@@<?62@ @B==9621 116A6<;.9 .002@@<?62@
:.F /2 </A.6;21 3?<: @=206.96@A ?2A.692?@ <? 3?<: A52
[email protected]@ @2?C602
9D.F@ B@2 .; <C2; 09<A5 <? <C2; 49<C2@ D52; A.86;4
.002@@<?62@ <? 0<<8D.?2 <BA <3 A52 0<<86;4
0<:=.?A:2;A
-.97:;16/ 0-);16/
<8 )6, +77316/
>1;0 ;0- 51+97>)=-
)52 3<99<D6;4 A./92@ =?<C612 F<B D6A5 ;B:2?<B@ <=A6<;@
.;1 @2AA6;4@ 3<? A52 :60?<D.C2
)52 A6:2@ @=2063621 6; A52 A./92@ .?2 <;9F 4B61296;2@
)52F :.F C.?F .00<?16;4 A< A52 <C2;D.?2 B@21 A52
>B.96AF A2:=2?.AB?2 .;1 0<;@6@A2;0F <3 A52 3<<1
)6:2 ?.;42@ .?2 <3A2; @=2063621 6; A52 A./92@ (2A A52
@5<?A2@A A6:2 36?@A .;1 A52; 2EA2;1 A52 A6:2 63
;202@@.?F
A :.F /2 A5.A F<B 5.C2 16332?2;A >B.;A6A62@ 3?<: A5<@2
@=2063621 6; A52 A./92@
?B92 <3 A5B:/ 0.; /2 .==9621
<B/92 .:<B;A 7B@A B;12? 1<B/92 0<<86;4 A6:2
5.93 .:<B;A
5.93 A52 0<<86;4 A6:2
(A6? <? AB?; A52 3<<1 @2C2?.9 A6:2@ 1B?6;4 A52 52.A6;4
A6:2 5208 A52 A2:=2?.AB?2
&9.02 A52 3?<G2; 3<<1 6; .; <=2; 0<;A.6;2? <; A52
0<<86;4 0<:=.?A:2;A 39<<?
-.97:;16/
)B?; <? @A6? A52 3<<1 <;02 <? AD602 1B?6;4 A52
123?<@A6;4 A6:2 ".?42 =6202@ <3 3<<1 @5<B91 /2 AB?;21
@2C2?.9 A6:2@
"6>B61 D699 /2 =?<1B021 D52; 123?<@A6;4 :2.A =<B9A?F
<? 36@5 ?.6; <33 A56@ 96>B61 D52; AB?;6;4 .;1 B;12? ;<
06?0B:@A.;02@ @5<B91 6A /2 B@21 3<? <A52? =B?=<@2@ <?
/2 .99<D21 A< 0<:2 6;A< 0<;A.0A D6A5 <A52? 3<<1@
"2.C2 123?<@A21 6A2:@ A< @A.;1 .A ?<<: A2:=2?.AB?2
3<? . 3B?A52? A< :6;BA2@ @< A5.A A52 A2:=2?.AB?2
0.; @A./696@2 )52 46/92A@ 0.; /2 ?2:<C21 3?<: =<B9A?F
.A A56@ =<6;A
#%+$*
(%-, )**$ $ -**)
# $ #$+*)
%*)
.7>;4 9>8=CB >5 <40C
4
6
1445 ?>A: >A E40;
F8C7 >A F8C7>DC 1>=4B
6
6
6
. <8=
. X <8=
. <8=
. X <8=
. <8=
. X <8=
+DA= B4E4A0; C8<4B
8243 >A B;8243 1445
?>A: 0=3 E40;
6
6
6
. X <8=
. X <8=
. X <8=
. X <8=
. X <8=
. X <8=
*4?0A0C4 C74 ?0ACB F74=
CDA=8=6
%8G43 <8=243 <40C
6
6
6
. <8=
. X <8=
. <8=
. X <8=
. <8=
. X <8=
A44I4 5;0C 85 ?>BB81;4
+DA=
B4E4A0; C8<4B 3DA8=6 345A>BC8=6
0=3 A4<>E4 <40C F7827 70B
0;A403H 144= 345A>BC43
(>D;CAH >A ?>D;CAH
?>AC8>=B
6
6
. <8=
. X <8=
. <8=
. X <8=
+DA= B4E4A0; C8<4B
8B7
58;;4C 58B7 BC40: B;824B
6
. <8=
. X <8=
*4?0A0C4 345A>BC43 8C4<B
.7>;4 58B7
6
6
. <8=
. X <8=
. <8=
. X <8=
+DA= 70;5 F0H C7A>D67
#%+$*
(%-, )**$ $ -**)
# $ #$+*)
-464C01;4B 4
6
?40B
6
. X <8=
AD8C
4
6
A0B?14AA84B
6
6
. X <8=
. <8=
. X <8=
*C8A 20A45D;;H 3DA8=6 345A>BC8=6
0=3 B4?0A0C4 C74 345A>BC43
?0ACB
DCC4A
6
6
. <8=
. X <8=
. <8=
. X <8=
)4<>E4 0;; C74 ?02:068=6
.7>;4 ;>05
6
6
. <8=
. X <8=
. <8=
. X <8=
+DA= 70;5 F0H C7A>D67
AH 20:4B
4
6
2A40<8=6 <4C7>3
20:4B
6
6
. X <8=
. <8=
. X <8=
*4?0A0C4 C74 ?8424B >5 20:4
F74= CDA=8=6 C74<
'=;H 5>A
20:4B F8C7>DC 828=6 2A40< >A
2AQ<4 ?PC8BB8QA4
"D82H 20:4B
4
6
5AD8C 20:4 0=3 @D0A:
20:4
6
6
. <8=
. X <8=
. <8=
. X <8=
'=;H 5>A 20:4B F8C7>DC 828=6 >A
64;0C8=4
-.97:;16/ 0-);16/ <8 79
+77316/ .97A-6 .77,
%*)
9D.F@ =9.02 A52 <C2;D.?2 <; A52 0<<86;4
0<:=.?A:2;A 39<<?
9D.F@ 0<C2? A52 3<<1 3 F<B 1< ;<A 5.C2 . @B6A./92
0<C2? 3<? F<B? 0<;A.6;2? B@2 . =9.A2 <? @=206.9
:60?<D.C2 3<69
).82 ?2.1F :2.9@ <BA <3 A52 =.08.46;4 )52F D699 52.A
B= :<?2 >B6089F .;1 2C2;9F 6; :60?<D.C2./92
<C2;D.?2
)52 16332?2;A 0<:=<;2;A@ <3 A52 :2.9 :.F ;<A ?2>B6?2
A52 @.:2 .:<B;A <3 A6:2 A< 52.A B=
<<1 D5605 962@ 39.A D699 0<<8 :<?2 >B6089F A5.; 3<<1
D5605 6@ =6921 5645 -<B @5<B91 A52?23<?2 16@A?6/BA2 A52
3<<1 @< A5.A 6A 6@ .@ 39.A .@ =<@@6/92 6; A52 0<;A.6;2?
(A6? <? AB?; A52 3<<1 AD< <? A5?22 A6:2@ 1B?6;4 A52
123?<@A6;4 52.A6;4 <? 0<<86;4 A6:2
3A2? 52.A6;4 .99<D A52 3<<1 A< ?2@A 3<? . 3B?A52?
U:6;BA2@ B;A69 6A ?2.052@ .; 2C2; A2:=2?.AB?2
)56@ D699 529= A52 3<<1 ?2A.6; 6A@ <D; 16@A6;0A A.@A2 @< 6A
D699 ?2>B6?2 92@@ @2.@<;6;4
#%+$*
(%-, )**$ $
-**)
# $ #$+*)
%*)
%4=D ?;0C43 <40;
A403HX<034 <40;B 8=
C> ?0ACB
X6 . X <8=
*>D?B
6
. X <8=
*C4FB
6
. X <8=
%40C 8= B0D24 4
6
6>D;0B7
6
. X <8=
*4?0A0C4 C74 ?8424B >5 <40C
F74= BC8AA8=6
8B7 4
6
58;;4CB
6
. X <8=
/>D <0H 033 F0C4A ;4<>= 9D824
>A F8=4
0:4B
4
6
;0B06=4 0=3 20==4;;>=8
6
. X <8=
*834 38B74B
A824 0=3 ?0BC0
6
6
. X <8=
. X <8=
33 0 ;8CC;4 ;8@D83
-464C01;4B 4
6
?40B 1A>22>;8
0=3 20AA>CB
6
6
. X <8=
. X <8=
33 F0C4A C> 2>E4A C74 10B4 >5
C74 38B7
A40<43 B?8=027
6
. X <8=
>>: F8C7>DC 0338=6 0=H F0C4A
-);16/ .77,
9D.F@ =9.02 A52 <C2;D.?2 <; A52 0<<86;4
0<:=.?A:2;A 39<<?
9D.F@ 0<C2? A52 3<<1 3 F<B 1< ;<A 5.C2 . @B6A./92
0<C2? 3<? F<B? 0<;A.6;2? B@2 . =9.A2 <? @=206.9
:60?<D.C2 3<69
).82 ?2.1FUA<U2.A :2.9@ <BA <3 A52 =.08.46;4 )52F
D699 52.A B= :<?2 >B6089F .;1 2C2;9F 6; :60?<D.C2./92
<C2;D.?2 )52 16332?2;A 0<:=<;2;A@ <3 A52 :2.9 :.F
;<A ?2>B6?2 A52 @.:2 .:<B;A <3 A6:2 A< 52.A B= ,52; 52.A6;4 96>B61@ .9D.F@ =9.02 . @=<<; 6; A52
0<;A.6;2? A< =?2C2;A 129.F21 /<696;4 ,52; 129.F21
/<696;4 <00B?@ A56@ :2.;@ A5.A A52 96>B61 ?2.052@
/<696;4 A2:=2?.AB?2 D6A5<BA A52 [email protected] @A2.: /B//92@
?6@6;4 A< A52 @B?3.02 C2; 63 A52 0<;A.6;2? <;9F C6/?.A2@
. 96AA92 A52 5<A 96>B61 0.; @B112;9F /<69 <C2? <? @=.AA2?
)56@ 0.; 0.B@2 6;7B?62@ .;1 /B?;@
(A6? <? AB?; A52 3<<1 @2C2?.9 A6:2@ 1B?6;4 A52 52.A6;4
A6:2 5208 A52 A2:=2?.AB?2
3A2? 52.A6;4 .99<D A52 3<<1 A< ?2@A 3<? . 3B?A52? A<
:6;BA2@ B;A69 6A ?2.052@ .; 2C2; A2:=2?.AB?2
#%+$*
%4=D ?;0C43 <40;
A403HX<034 <40;B 8= CF>
C> C7A44 ?0ACB
(%-, )**$) $
-**)
# $ #$+*)
%*)
. X <8=
A8=:B
<;
<;
<;
. L X <8=
. X <8=
. X <8=
(;024 0 B?>>= 8= C74 2>=C08=4A
> =>C >E4A740C 0;2>7>;82
3A8=:B
742: 3DA8=6 740C8=6
01H 5>>3 4
6
101HB
1>CC;4B
<;
<;
<;
. L <8=
. L X <8=
. X <8=
.8C7>DC C74 ;83 >A C40C
;F0HB
B70:4 F4;; 05C4A 740C8=6
/>D
<DBC 2742: C74 C4<?4A0CDA4
*>D?
6
6
. X <8=
. X <8=
%40C 8= B0D24
6
. X <8=
*C4F
6
6
. X <8=
. X <8=
-464C01;4B ?>AC8>=
?>AC8>=B
6
6
. X <8=
. X <8=
1>F;
1>F;B
*4?0A0C4 B;824B >5 <40C
77316/ .77,
<<1 D5605 962@ 39.A D699 0<<8 :<?2 >B6089F A5.; 3<<1
D5605 6@ =6921 5645 -<B @5<B91 A52?23<?2 16@A?6/BA2 A52
3<<1 @< A5.A 6A 6@ .@ 39.A .@ =<@@6/92 6; A52 0<;A.6;2?
<<8 A52 3<<1 6; 0<C2?21 <C2;D.?2 <<1 @5<B91 /2
@A6??21 <? AB?;21 1B?6;4 0<<86;4
)56@ D699 529= A52 3<<1 ?2A.6; 6A@ <D; 16@A6;0A A.@A2 @< 6A
D699 ?2>B6?2 92@@ @2.@<;6;4
3A2? 0<<86;4 .99<D A52 3<<1 A< ?2@A 3<? . 3B?A52? A<
:6;BA2@ B;A69 6A ?2.052@ .; 2C2; A2:=2?.AB?2
+$**/
(%-, &%-( )**$ $ $ +(*%$ $ #$+*)
%*)
.7>;4 2782:4= 5A4B7
F8C7>DC 681;4CB
6
. X <8=B
+DA= 70;5F0H C7A>D67 C74
2>>:8=6 C8<4
8B7 58;;4C 5A4B7
6
. X <8=B
%40C ;>05
6
. X <8=B
,B4 C74 F8A4 A02: C> ?;024
38B74B >= 033 C1B? F0C4A
-464C01;4B 5A4B7
6
6
F0CCB X <8=B
F0CCB X <8=B
DC E464C01;4B 8=C> ?8424B
>5 4@D0; B8I4
33 X C1B?
F0C4A ?4A 6 >5
E464C01;4B
6
6
6
. X <8=B
. X <8=B
. X <8=B
DC ?>C0C>4B 8=C> 4@D0;
B8I43 ?8424B
33 X C1B?
F0C4A ?4A 6 BC8A
6
6
. X . X <8=B
. X . X <8=B
33 3>D1;4 C74 0<>D=C >5
;8@D83
4BB4ACB 4
6
DBC0A38=BC0=C
<;
. X <8=B
AD8C 2><?>C4
6
. X <8=B
,=2>E4A43 38B7
*C8A C74 2DBC0A3 C7>A>D67;H
C> C8<4B 3DA8=6 2>>:8=6
DB8=6 0= 466 F78B:
*834 38B74B 4
6
(>C0C>4B
)824
$18: .79 51+97>)=78-9);176
% )**$) ( ,$ %(
)& #%+$*) % %%
!=2A40B4 >A 342A40B4 C74 2>>:8=6 C8<4B 022>A38=6 C> C74
5>;;>F8=6 AD;4 >5 C7D<1
>D1;4 C74 0<>D=C 0;<>BC 3>D1;4 C74 C8<4
0;5 C74 0<>D=C
70;5 C74 C8<4
%% %#) *%% (/
*4C 0 B7>AC4A 2>>:8=6 C8<4 =4GC C8<4 >A B4;42C 0 ;>F4A
<82A>F0E4 B4CC8=6
>E4A C74 5>>3 0=3 033 <>A4 ;8@D83
*( * *# ) "&) *
%% ) $%* (%)* ) $%* %*
%( ) $%* %%!
*4C 0 ;>=64A C8<4
$0A64A 0<>D=CB 0=3 344?4A 38B74B C0:4
;>=64A C> 2>>:
* * $ % * %%!$ *#
* %% ) %,(%%! %$ *
%+*) +* +$(%%! $ *
#"
*C8A C74 5>>3 3DA8=6 C74 2>>:8=6 C8<4 0=3 =4GC C8<4 B4;42C 0
;>F4A B4CC8=6 0=3 0 ;>=64A 3DA0C8>=
*( (%)*$ * &%+"*(/ %(
#* ) %%! %$ * %+*)
+* )*"" (%0$ $ * #"
&4GC C8<4 B4;42C 0 ;>F4A <82A>F0E4 B4CC8=6
!= 0338C8>= CDA=
;0A64 0<>D=CB >5 <40C >A ?>D;CAH 5A4@D4=C;H F74= 345A>BC8=6
$-:; ,1:0-: 16 )++79,)6+- >1;0
I
)52 >B.96AF .;1 3B;0A6<; <3 :60?<D.C2 .==96.;02@ 6@
A2@A21 /F A2@A6;4 6;@A6ABA2@ B@6;4 A52 3<99<D6;4 16@52@
#747 51+97>)=- +77316/
"
(%-, &%-( )**$ $ %%!$ *# $ #$+*)
%*)
DBC0A3 6
. <8=B . X<8=B
(HA4G
*?>=64 6
F0CCB X<8=B
(HA4G 2< 380<4C4A
%40C ;>05 6
F0CCB X<8=B
(HA4G 20:4 C8= 2< ;>=6
,B4 C74 F8A4 A02: C> ?;024 C74 >E4=F0A4 >=
#747 51+97>)=- ,-.97:;16/
"
(%-, &%-( )**$ $ %%!$ *# $ #$+*)
%*)
%40C 6
(A>6A0<<4 6
>A . <8=B . X<8=B
(HA4G 2< 380<4C4A
;VTcZgR cX^Pg\ffT TVTcZgQ cX^PgZ
;cbiTfSfTgX ]T\ TVbdPfTgX _\T ]T\`bpdV\T fhf]XhR
_\]db]h_Pgl` gZe '(( =\T ThgR gZ` X_c\fgbfp`Z [Q^bh_X `T
fTe XhjTd\fgRfbh_X [Xd_P ]T\ X^cSYbh_X `T QjXgX _XVP^Z
\]T`bcbSZfZ fgb _TVXSdX_T ]T\ `T jTSdXfgX V\T cb^^P jdo`\T
gZ` `QT fTe fhf]XhR gZ` ]TdW\P gZe ]bhYS`Te fTe
=\T `T _cbdXSgX `T X]_XgT^^XhgXSgX o^T gT gXj`\]P
c^Xb`X]gR_TgT gZe fhf]XhRe _\]db]h_Pgl` W\TUPfgX
cTdT]T^q ThgQe g\e bWZVSXe jdRfZe
H ^Xcgb_XdRe cS`T]Te cXd\Xjb_Q`l` fTe ]T[bWZVXS VdRVbdT
fX o^Xe g\e fZ_T`g\]Qe c^ZdbibdSXe
?Wq [T UdXSgX fZ_T`g\]Qe c^ZdbibdSXe V\T gZ` TfiP^X\T
BT V`ldSfXgX gT W\PibdT _QdZ gZe ]T\`bpdV\Te fTe fhf]XhRe
KTe WXSj`bh_X UR_T cdbe UR_T cle cdQcX\ `T dh[_SYXgX
Kgbhe cS`T]Xe [T UdXSgX cb^^P fh`Z[\f_Q`T iTVZgP ]T\ g\_Qe dp[_\fZe
9^T Wb]\_PfgZ]T` fgb W\]o _Te XdVTfgRd\b _TVX\d\]Re
DT\ fX cXdScglfZ cbh cTdbhf\TfgXS ]PcbgX _\T U^PUZ XWq [T UdXSgX
c^ZdbibdSXe _X cb\b gdocb _cbdXSgX `T T`g\_XglcSfXgX _o`b\Xe fTe
g\e _\]dQe U^PUXe
DT^R W\Tf]QWTfZ fgb _TVXSdX_T
*4A5>5F D9E=9KC@2AMA
.DC894B9=F 5GJ5?945F Id\` gZ` gbcb[QgZfZ McbWXSaX\e V\T gZ W\]R fTe TfiP^X\T McbWXSaX\e V\T gb ibpd`b _\]db]h_Pgl` ;\gSXe gl` YZ_\q` DNGIEG; GO@JMA5 @9 HCIF >5ANA9F
DECGH5G45F HCI D9E=61??CAHCF " >5=ACOE7=5 G5F GIG>9I3 IXWSb jX\d\f_bp Kgb\jXST jX\d\f_bp ?aTdgR_TgT Oqdbe _TVX\dQ_Tgbe *E=A H;A DEPH; KE3G; Jp[_\fZ gZe qdTe ;dj\]oe ]T[Td\f_oe gl` XaTdgZ_Pgl` A9E7CDC4;G; >5= 5D9A9E7CDC4;G;
H;F GIG>9I3F ) JCOEACF @=>EC>I@1HMA McbWXSaX\e V\T gb _TVX\d\]o f]Xpbe Cfjpe _\]db]h_Pgl` Jp[_\fZ gbh ibpd`bh _\]db]h_Pgl` >C?CI<45 ?9=HCIE7=PA Jp[_\fZ gZe T]b^bh[STe ^X\gbhdV\q` IHN@5HC GOGH;@5 DEC7E5@@1HMA Jp[_\fZ cdbVdP__Tgbe McbWXSaX\e V\T gb Thgo_Tgb fpfgZ_T
cdbVdT__Pgl` *4A5>5F D9E=9KC@2AMA
;cb[R]XhfZ dh[_SfXl` fgZ '+-05 ?]]S`ZfZ '+-05 "?9>HECA=>N EC?N= H[o`Z Q`WX\aZe gbh db^bV\bp Jb^o\ fh`TVXd_bp fp`gb_bh jdo`bh >\Pd]X\T ^X\gbhdVSTe Jp[_\fZ gZe qdTe ??573 HMA 65G=>PA EI<@4G9MA <Tf\]Qe dh[_SfX\e /ECAH485 >5= >5<5E=G@NF M^\]P ]T[Td\f_bp ?169F >5= 9D=G>9I2F IS`T]Te U^TUq` .D;E9G45 H9KA=>3F 9BID;E2H;G;F
D9?5HPA LXj`\]P fgb\jXST C>=@1GH;>5A 7=5 9G1F GHC 8=>N
@5F 9E75GH3E=C @579=E=>3F GXcPVl_T YQfgT_T ]T\ _TVXSdX_T
_X _\]db]p_TgT Kh_Ubh^Qe fjXg\]P _X gT _\]db]p_TgT /57;H1 8C>=@PA >5H1 .DC894B9=F 5GJ5?945F
>\TUPfgX cTdT]T^q cdbfX]g\]P ThgQe g\e bWZVSXe
jdRfZe Fo`b gogX _cbdXSgX `T jX\d\fgXSgX gZ fhf]XhR
fSVbhdT ]T\ flfgP
Nh^PagX ]T^P g\e bWZVSXe jdRfZe ]T\ fh`Td_b^oVZfZe
KX cXdScglfZ cbh cTdTjldRfXgX gZ fhf]XhR fX
]Pcb\b` P^^b WqfgX _TYS ]T\ g\e bWZVSXe
*E=A H;A
HCDC<2H;G;
!;@=2F @9H5JCE1F
FXgP gZ` TiTSdXfZ Tco gZ fhf]XhTfST X^QVagX gZ
fhf]XhR KX cXdScglfZ YZ_\Pe ]TgP gZ _XgTibdP WX`
Xc\gdQcXgT\ `T fh`WQfXgX gZ fhf]XhR
"?9>HE=>3 GOA89G;
Fo`b Q`Te TWX\bpjbe XV]TgTfgPgZe Xc\gdQcXgT\ `T
fh`WQfX\ gZ fhf]XhR KX cXdScglfZ YZ_\q` cbh
biXS^b`gT\ fX ^P[be fp`WXfZ WX` QjXgX ]T`Q`T
W\]TSl_T XVVpZfZe
-CDC<2H;G; >5= GOA89G;
IdbfQagX cTdT]T^q g\e X\W\]Qe bWZVSXe gbcb[QgZfZe
.DC894B9=F 7=5 H;
8=>3 G5F
5GJ1?9=5
;hgR Z fhf]XhR cdbbdSYXgT\ _o`b V\T gZ` b\]\T]R
jdRfZ OdZf\_bcb\XSgX gZ fhf]XhR Tcb]^X\fg\]P V\T gZ`
cTdTf]XhR iTVZgq` ]T\ cbgq`
A fhf]XhR WX` Xc\gdQcXgT\ `T gX[XS cbgQ fX ^X\gbhdVST
Tco X`R^\]Xe ]T\ cT\W\P jldSe Xc\gRdZfZ
ogT` WX UdSf]b`gT\ fX ]T^R ihf\]R R c`Xh_Tg\]R
]TgPfgTfZ R
ogT` gbhe ^pcX\ Z V`qfZ ]T\ Z X_cX\dST `T
jX\dSYb`gT\ gZ fhf]XhR flfgP ]T\ fSVbhdT
FZ` TiR`XgX cbgQ `T cTSYbh` gT cT\W\P _X gZ
fhf]XhR
!9GHNF KPECF
@579=E2@5HCF
DS`Wh`be XV]Th_Pgl`
FZ` T]bh_cRfXgX cbgQ g\e ]ThgQe Xc\iP`X\Xe gl`
fhf]Xhq` [Qd_T`fZe ]T\ _TVX\dQ_Tgbe ;`bSagX
cdbfX]g\]P gZ` codgT gbh jqdbh _TVX\dQ_Tgbe
FcbdXS `T XaQ^[X\ ]Thgoe Tg_oe DdTgPgX gT _\]dP
cT\W\P cP`gbgX _T]d\P
DS`Wh`be chd]TV\Pe
FZ` gbcb[XgXSgX cbgQ Xpi^X]gT T`g\]XS_X`T _QfT fgb
jqdb _TVX\dQ_Tgbe
FZ` T`bSVXgX cbgQ gZ` codgT gbh jqdbh
_TVX\dQ_Tgbe ogT` WZ_\bhdVXSgT\ ]Tc`oe _QfT fgZ
fhf]XhR ;cX`XdVbcb\RfgX gZ fhf]XhR ;iT\dQfgX gb
i\e Tco gZ` cdSYT R ]TgXUPfgX
aXU\WqfgX gZ` TfiP^X\T
fgb ]\Uqg\b gl` TfiT^X\q`
DS`Wh`be UdTjh]h]^q_Tgbe
FZ _TV]q`XgX cbgQ gT ]T^qW\T fp`WXfZe gl`
Z^X]gd\]q` fhf]Xhq` fgZ YXfgR codgT gbh jqdbh
_TVX\dQ_Tgbe A _o`lfZ gl` ]T^lWSl` _cbdXS `T
^\qfX\
DS`Wh`be XV]Th_Pgl`
FZ` cTdTf]XhPYXgX iTVZgP _X _XVP^Xe cbfogZgXe
Wh`Tgq` b\`bc`Xh_TgqWZ cbgq` H\ Tg_bS gbh
b\`bc`Xp_Tgbe _cbdbp` `T T`Ti^Xjgbp` _QfT fgb
jqdb _TVX\dQ_Tgbe OdZf\_bcb\XSgX _o`b _\]dQe
cbfogZgXe Tco Wh`TgP b\`bc`Xh_TgqWZ cbgP ]T\
T`bSVXgX cdbfX]g\]P gZ` codgT gbh jqdbh
_TVX\dQ_Tgbe
$5IH1 9B5EH3@5H5
DS`Wh`be XV]Th_Pgl`
FZ` Tcb_T]dp`XgX gT ]ThgP XaTdgR_TgT cbgQ jldSe
c\PfgdXe Tco gZ fhf]XhR
05?5G@2A; DNEH5 KPECI
@579=E2@5HCF 3 HG=@COK5
DNEH5F
DS`Wh`be fbUTdRe U^PUZe gZe hVXSTe
FZ jdZf\_bcb\XSgX cbgQ gZ fhf]XhR ogT` Z codgT gbh
jqdbh _TVX\dQ_Tgbe R Z gf\_bpjT gZe codgTe Qjbh`
hcbfgXS YZ_\P 7gf\ _cbdXS `T XaQ^[X\ X`QdVX\T
_\]db]h_Pgl` OdZf\_bcb\RfgX gZ fhf]XhR Tibp
cdqgT gZ` Xc\f]XhPfXgX
,>CIE=5G@2A9F
9D=J1A9=9F
DS`Wh`be fbUTdRe U^PUZe gZe hVXSTe
KX cXdScglfZ T`XcTd]bpe ]T[Td\f_bp _cbdXS `T
f]bhd\PfX\ ]T\ `T gdhcRfX\ Z Xc\iP`X\T gZe fhf]XhRe
_X gb cQdTf_T gbh jdo`bh 7gf\ _cbdXS `T XaQ^[X\
X`QdVX\T _\]db]h_Pgl` DT[TdSYXgX gZ fhf]XhR gT]g\]P
AC=KHN D9E46?;@5
DS`Wh`be Z^X]gdbc^ZaSTe
FZ` TiT\dQfXgX cbgQ gb cXdSU^Z_T A fhf]XhR
^X\gbhdVXS _X hkZ^R gPfZ
DS`Wh`be fbUTdRe U^PUZe gZe hVXSTe
FZ` TiT\dQfXgX cbgQ gb cXdSU^Z_T Lb cXdSU^Z_T
cdbfgTgXpX\ Tco gZ` QabWb gZe X`QdVX\Te
_\]db]h_Pgl`
!9GHN 3 I7EN
D9E=61??CA
DS`Wh`be UdTjh]h]^q_Tgbe
FZ` X][QgXgX gZ fhf]XhR cbgQ fX _XVP^Z YQfgZ R
hVdTfST
>5H1??;?9F 9D=G>9I2F
DS`Wh`be Z^X]gdbc^ZaSTe
H\ T]TgP^^Z^Xe Xc\f]XhQe XS`T\ Xc\]S`Wh`Xe Fo`b Q`Te
gXj`\]oe gbh g_R_Tgbe XahcZdQgZfZe cX^Tgq`
X]cT\WXh_Q`be Tco X_Pe Xc\gdQcXgT\ `T X]gX^QfX\ g\e
Xc\f]XhQe ]T\ `T T`g\]TgTfgRfX\ gT jT^Tf_Q`T ]T^qW\T
fp`WXfZe
FZ` T`bSVXgX cbgQ gb cXdSU^Z_T A fhf]XhR ^X\gbhdVXS
_X hkZ^R gPfZ Lb cXdSU^Z_T cdbfgTgXpX\ Tco gZ`
QabWb gZe X`QdVX\Te _\]db]h_Pgl`
?P` Z fhf]XhR QjX\ U^PUZ ]TgXUPfgX
aXU\WqfgX gZ`
T`gSfgb\jZ TfiP^X\T fgb ]\Uqg\b gl` TfiT^X\q` R
gdTURagX gb i\e Tco gZ` cdSYT DT^QfgX gZ` hcZdXfST
gXj`\]Re XahcZdQgZfZe cX^Tgq`
.DC894B9=F 7=5 HC
JCOEAC
@=>EC>I@1HMA
*EC9HC=@5G45 HECJ4@MA
DS`Wh`be chd]TV\Pe
OdZf\_bcb\XSgX gb ibpd`b _\]db]h_Pgl` _o`b V\T gZ`
cTdTf]XhR gdbiS_l` cbh XS`T\ ]TgP^^Z^T V\T
]TgT`P^lfZ 6^^Xe jdRfX\e _cbdbp` `T ]TgTfgbp`
Xc\]S`Wh`Xe ]T\ `T cdb]T^Qfbh` YZ_\Qe
=\T cTdPWX\V_T _cbdbp` `T T`Ti^Xjgbp` b\ YXfgQe
cT`goi^Xe gT YXfgP fT]bh^P]\T _X fcodbhe ]T\
WZ_Zgd\T]P T]o_T ]T\ _XgP Tco qdXe
&579=E=>N G>9OCF
DS`Wh`be gdTh_Tg\f_bp
LT f]XpZ Tco cbdfX^P`Z ]T\ ]XdT_\]o h^\]o _cbdXS `T
Qjbh` cb^p _\]dQe gdpcXe fg\e ^TUQe ]T\ fgT ]TcP]\T
ISfl Tco ThgQe g\e gdpcXe hcPdjX\ Q`Te ]X`oe
jqdbe A hVdTfST cbh QjX\ X\fjldRfX\ fgb` ]X`o
jqdb _cbdXS `T fcPfX\ gT f]XpZ
FZ jdZf\_bcb\XSgX cbgQ f]XpZ gT bcbST XS`T\
T]TgP^^Z^T V\T gT _\]db]p_TgT
DS`Wh`be XV]Th_Pgl`
LT ]ThgP iTVZgP _cbdbp` `T YXfgP`bh` gT f]XpZ
;cb_T]dp`XgX gT f]XpZ R gT XaTdgR_TgT Tco gb jqdb
_TVX\dQ_Tgbe cP`gbgX _X _\T c\PfgdT
5<@485 =GKOCF >5=
KENACF @=>EC>I@1HMA
DS`Wh`be chd]TV\Pe
FZ dh[_SYXgX cbgQ _\T cb^p hkZ^R UT[_SWT \fjpbe R
cb^p hkZ^o jdo`b _\]db]h_Pgl` LT gdoi\_T _cbdbp`
`T T`Ti^Xjgbp` ]T\ `T ]TgTfgdQkbh` gZ fhf]XhR
;]b^bh[RfgX gT fgb\jXST cbh T`TiQdb`gT\ fX ThgQe g\e
bWZVSXe jdRfZe
,IG>9I5G49F
DS`Wh`be chd]TV\Pe
FZ YXfgTS`XgX cbgQ iTVZgP _QfT fX fhf]XhTfSXe V\T
gZ W\TgRdZfZ gZe [Xd_b]dTfSTe
FZ YXfgTS`XgX cbgQ jldSe Xc\gRdZfZ gdoi\_T fX
WbjXST Tco c^Tfg\]o jTdgS R P^^T Xpi^X]gT h^\]P
DS`Wh`be XV]Th_Pgl`
KX TXdbfgXVqe ]^X\f_Q`T gdoi\_T _cbdXS `T f]PfX\ Z
fhf]XhTfST IdbfQagX gT fgb\jXST cP`l fgZ
fhf]XhTfST ;cb_T]dp`XgX gT iTVZgP cP`gbgX _X
c\PfgdXe
*CH1
DS`Wh`be YX_TgSf_Tgbe
DTgP gb YQfgT_T hVdq` _cbdXS `T cdb]pkX\ _\T
Xc\UdPWh`fZ UdTf_bp ;hgo fZ_TS`X\ og\ [Xd_b]dTfST
UdTf_bp Xc\ghVjP`XgT\ jldSe `T T`XUTS`bh` b\
jTdT]gZd\fg\]Qe ihfT^SWXe Tg_bp 8WZ Z cTdT_\]dR
Wo`ZfZ gbh WbjXSbh _cbdXS `T bWZVRfX\ fX aTi`\]R
hcXdjXS^\fZ ]T\ fX c\gf\^Sf_TgT gbh ]Thgbp hVdbp
DTgP gb YQfgT_T gl` hVdq` gbcb[XgXSgX cP`gbgX _QfT
fgb WbjXSb Q`T ]bhgP^\ 7gf\ TcbiXpVXgX gZ`
Xc\UdPWh`fZ gbh UdTf_bp
DS`Wh`be Q]dZaZe
FZ YXfgTS`XgX cbgQ cbgP ]T\ P^^T gdoi\_T fX
Xd_Zg\]P ]^X\fgP WbjXST
FZ YXfgTS`XgX cbgQ b\`bc`Xh_TgqWZ cbgP fX cb^p
hkZ^R [Xd_b]dTfST
E9J=>2F HECJ2F
DS`Wh`be XV]Th_Pgl`
FZ YXfgTS`XgX cbgQ UdXi\]Qe gdbiQe _QfT fX ]^X\fgP
WbjXST ;cb_T]dp`XgX cP`gbgX gb ]TcP]\ R gb
[R^Tfgdb
FXgP gb YQfgT_T ]bh`PgX R T`T]TgXpXgX cP`gbgX ]T^P
7gf\ ]TgT`Q_XgT\ Z [Xd_ogZgT b_b\o_bdiT
?^QVjXgX gZ [Xd_b]dTfST cdbgbp WqfXgX gZ` gdbiR
fgb cT\WS
-ENJ=@5 @9 >2?IJCF 3
D2HG5
DS`Wh`be XV]Th_Pgl`
FZ _TVX\dXpXgX cbgQ gT ThVP fgb ]Q^hibe FZ
YXfgTS`XgX cbgQ fi\jgbUdTf_Q`T ThVP ;hgP _cbdbp`
`T f]Pfbh` aTi`\]P XcSfZe ]T\ _XgP gZ ^X\gbhdVST
_\]db]h_Pgl` ;hgo \fjpX\ XcSfZe ]T\ V\T gT
bfgdT]bX\WR
KgT ThVP _Pg\T R fgT ThVP cbfQ cdQcX\ cdqgT `T
gdhcRfXgX gb` ]do]b
KX gdoi\_T _X f]^Zdo ]Q^hibe R cQgfT ocle
cj_R^T `gb_PgXe cTgPgXe R ^bh]P`\]T XS`T\
Wh`Tgo` `T f]PfX\ gb ]Q^hibe R Z cQgfT Id\` gb
YQfgT_T gdhcRfgX gb ]Q^hibe R gZ` cQgfT
(3E5AG; HECJ4@MA
DS`Wh`be chd]TV\Pe
FZ` aZdTS`XgX cbgQ gT gdoi\_T fgb ibpd`b
_\]db]h_Pgl`
-ENJ=@5 @9 9?1K=GH;
D9E=9>H=>NH;H5 G9 A9EN
DS`Wh`be chd]TV\Pe
FZ aXcTVq`XgX R _Z YXfgTS`XgX gT gdoi\_T _X _\]dR
cXd\X]g\]ogZgT `Xdbp ocle cj kl_S _X cb^p hkZ^R
UT[_SWT \fjpbe R V\T cb^p jdo`b
%18= J57;HCO
DS`Wh`be chd]TV\Pe
FZ YXfgTS`XgX cbgQ _o`b gbh gb ^PW\ iTVZgbp fgb
ibpd`b _\]db]h_Pgl`
=H49F HMA :;@=PA
'9EN GHC :9GHN KPEC
@579=E2@5HCF
FZ jp`XgX cbgQ `Xdo _QfT fgb YXfgo jqdb
_TVX\dQ_Tgbe >\TibdXg\]P WZ_\bhdVbp`gT\ hWdTg_bS
FX gZ` T^^TVR gZe [Xd_b]dTfSTe _cbdbp` `T
cdb]pkbh` YZ_\Qe fgZ` ]XdT_\]R c^P]T gbh cPgbh
$EOM@5 @9 5AC=KH3
DNEH5 GIG>9I3F
;iRfgX gb jqdb _TVX\dQ_Tgbe `T ]dhqfX\ _o`b
ogT`XS`T\ ]^X\fgoe FZ _TV]q`XgX gScbgT fgZ` codgT
gZe fhf]XhRe ;]o_T ]T\ ogT` Z codgT XS`T\ T`b\jgR
Qfgl ]T\ ^SVb _cbdbp` `T jT^Pfbh` _X gb cQdTf_T
gbh jdo`bh b\ VX\gb`\]Qe cdbfokX\e gl` `gbh^Tc\q`
*C?O ?9EM@2A; HG=@COK5
GH975ACDC4;G;F
?P` Z gf\_bpjT fgXVT`bcbSZfZe XS`T\ cb^p ^Xdl_Q`Z
WX` ]^XS`X\ c^Qb` flfgP Z codgT gZe fhf]XhRe ]TgP
gZ ^X\gbhdVST H\ VX\gb`\]Qe cdbfokX\e gl` `gbh^Tc\q`
_cbdbp` `T jT^Pfbh` >\TgZdXSgX gZ` gf\_bpjT
fgXVT`bcbSZfZe cP`gbgX ]T[TdR
%9=HCIE745 @=>EC>I@1HMA
KME4F HENJ=@5
BQgXgX gb ibpd`b _\]db]h_Pgl` fX ^X\gbhdVST
_o`b_Xgbcb[XgZ_Q`T gdoi\_T _QfT fgb jqdb
_TVX\dQ_Tgbe OldSe gdoi\_T [T _cbdbpfX `T
hcXdibdgl[XS Z fhf]XhR ?aTSdXfZ TcbgX^XS _\T
fp`gb_Z Wb]\_R f]Xpbhe !
DNGIEG; GO@JMA5 @9 HCIF
>5ANA9F DECGH5G45F HCI
D9E=61??CAHCF
;cbfpdXgX gZ fhf]XhTfST fp_il`T _X gbhe ]T`o`Xe
cdbfgTfSTe gbh cXd\UP^^b`gbe
;hgR Z fhf]XhR XS`T\ jTdT]gZd\f_Q`Z fp_il`T _X gZ`
XhdlcTm]R bWZVST ?D cXdS Z^X]gd\]Qe ]T\
Z^X]gdb`\]Qe cT^\Qe fhf]XhQe 4#12' '*'%20)%#* #,&
'*'%20-,)% '/3).+',2 t "
A bWZVST cdbU^QcX\ gb c^TSf\b V\T _\T Xc\fgdbiR ]T\
Ta\bcbSZfZ gl` cT^\q` fhf]Xhq` _X \fjp fX o^Z gZ`
?D
" >5=ACOE7=5 G5F GIG>9I3
KX Thgo gb ]XiP^T\b [T UdXSgX c^ZdbibdSXe V\T
gb cXWSb jX\d\f_bp
gT fgb\jXST jX\d\f_bp
gT XaTdgR_TgT
*984C K9=E=G@CO
:VPU_\ZXTUe \ZVeT
;^bf]
WTU\ZU`WH_dX
4UZVZ`SKL
VPT_Z`\NTgX
@VJU_\Z VPT_Z`\NKL]
_Z` \ZVZNTZf
@P\T^_\ZaTUe] <PX_\TUe]
OTLUe[_R]
OTLUe[_R]
@VJU_\Z
[\ZN\HWWL_Z]
UTVgX
B_ZTbPKL bPT\T^WZf
7TLUe[_R] P[TVZNJ]
[\ZN\HWWL_Z]
,HC=K945 K9=E=G@CO
-("0 0"*",%(4
*,
8[TVZNJ _R] T^bfZ] WTU\ZU`WH_dX #
8[TVZNJ _R] T^bfZ] WTU\ZU`WH_dX #
8[TVZNJ _R] T^bfZ] WTU\ZU`WH_dX #
8[TVZNJ _R] T^bfZ] WTU\ZU`WH_dX #
8[TVZNJ _R] T^bfZ] WTU\ZU`WH_dX #
8[TVZNJ _R] LUZVZ`SKL] VPT_Z`\NTgX
@VJU_\Z VPT_Z`\NKL] _Z` \ZVZNTZf
8[TVZNJ _R] P[TS`WR_J] VPT_Z`\NKL] \ZVZNTZf
@P\T^_\ZaTUe] OTLUe[_R]
8U_IVP^R \`SWK^PdX PX_e] WTL] VPT_Z`\NKL] \ZVZNTZf
<PX_\TUe] OTLUe[_R]
>P L`_e PXP\NZ[ZTPK_P ULT L[PXP\NZ[ZTPK_P _R ^`^UP`J ^L]
8[TVZNJ _Z` L`_eWL_Z` ^`^_JWL_Z] [\ZN\LWWH_dX
7TLUe[_R] P[TVZNJ] [\ZN\HWWL_Z]
A`SWK^_P _Z [\eN\LWWL J _Z MH\Z]
>P L`_e LXZKNP_P _RX [e\_L _R] ^`^UP`J]
>P L`_H P[TVINP_P WTL VPT_Z`\NKL %)+,.
BfX_ZWZ [H_RWL 8UUKXR^RB_LWH_RWL _R] VPT_Z`\NKL]
@L\L_P_LWIXZ [H_RWL 7TLUZ[J _R] VPT_Z`\NKL]
5<@489F =GKOCF
@=>EC>I@1HMA >5=
GHC=K945 K9=E=G@CO
9gT` cTgRfXgX Q`T c^R]gdb T`PUX\ Z X]PfgbgX
Q`WX\aZ
I<=:N@9AC= 8=5>NDH9F
9D=?C73F
H cXd\fgdbi\]oe W\T]ocgZe ]T\ b W\T]ocgZe Xc\^bVRe
cdbVdP__Tgbe XS`T\ Uh[\Yo_X`b\ =\T TfiP^\fZ ]T\
TcTfiP^\fZ cTgRfgX gb` X]PfgbgX W\T]ocgZ Xc\^bVRe
B5EH3@5H5
A fhf]XhR fTe XS`T\ Xabc^\f_Q`Z _X gT T]o^bh[T
XaTdgR_TgT
,K1E5
le Xc\iP`X\T X`Tco[XfZe
V\T f]XpZ
0PECF
@579=E2@5HCF
A9@=GH3E5F LOB;F
A fhf]XhR XS`T\ Xabc^\f_Q`Z _ Q`T` T`X_\fgRdT
kpaZe H T`X_\fgRdTe _cbdXS `T fh`XjSfX\ `T
^X\gbhdVXS T]o_T ]T\ ogT` Z fhf]XhR QjX\ gX[XS RWZ
X]goe ^X\gbhdVSTe
.DC894B9=F
KgZ ^X\gbhdVST _\]db]h_Pgl` b jqdbe _TVX\dQ_Tgbe
cTdT_Q`X\ ]dpbe ITdo^ ThgP X`XdVbcb\XSgT\ b
T`X_\fgRdTe kpaZe H T`X_\fgRdTe kpaZe _cbdXS `T
fh`XjSfX\ `T ^X\gbhdVXS T]o_T ]T\ ogT` Z ^X\gbhdVST
_\]db]h_Pgl` QjX\ RWZ fgT_TgRfX\
Kgb gYP_\ gZe codgTe fgT XflgXd\]P gb\jq_TgT ]T\
fgb` cPgb gZe fhf]XhRe _cbdXS `T cTdbhf\TfgXS
hVdTfST ;hgo XS`T\ ]Pg\ gb ]T`b`\]o Z ^X\gbhdVST gl`
_\]db]h_Pgl` WX` XcZdXPYXgT\ Tco Thgo KibhVVSfgX
gZ` hVdTfST _XgP gb _TVXSdX_T
*E=A H;A DEPH; KE3G;
KX Thgo gb ]XiP^T\b [T UdXSgX o^T og\ cdQcX\ `T
]P`XgX cdbgbp cTdTf]XhPfXgX V\T cdqgZ ibdP Q`T
iTVZgo _X gZ fhf]XhR fTe >\TUPfgX cdqgT gb
]XiP^T\b gb` gdocb cbh dh[_SYXgX gZ` qdT gZe fhf]XhRe
fTe _XgP Tco _\T Z^X]gd\]R fp`WXfZ
+O<@=G; H;F
PE5F
KgZ` b[o`Z Q`WX\aZe gbh db^bV\bp T`PUX\ ]T\ gT
fp_Ub^T
Jh[_SfgX _X gb` cXd\fgdbi\]o W\T]ocgZ gZ`
gdQjbhfT qdT
ITgRfgX gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp
A dp[_\fR fTe X\fPVXgT\ fgZ _`R_Z gZe fhf]XhRe
??573 H;F PE5F
=\T `T T^^PaXgX gZ` qdT X] gl` hfgQdl` cTgRfgX gb
c^R]gdb ^X\gbhdVSTe gbh db^bV\bp gofXe ibdQe
_Qjd\ `T T`Pkbh` gT fp_Ub^T ]T\ ;^^PagX _X
gb` cXd\fgdbi\]o W\T]ocgZ gZ` gdQjbhfT qdT
.DN89=B;
=\T `T _X\qfXgX gZ` ]TgT`P^lfZ X`QdVX\Te fgZ
^X\gbhdVST Xgb\_ogZgTe !2#,& $5 gZe fhf]XhRe fTe
_cbdXSgX `T TcX`XdVbcb\RfXgX gZ` b[o`Z Q`WX\aZe
gbhdb^bV\bp <^QcX XcSfZe fgb ]XiP^T\b
EK=>NF
>5<5E=G@NF HMA
9B5EH;@1HMA
Id\` jdZf\_bcb\RfXgX gT XaTdgR_TgT ]T[TdSfgX gT
]T^P _X W\P^h_T TcbddhcT`g\]bp c\Pgl` ]T\ Q`T cT`S
]T[Td\f_bp
A9E7CDC4;G; >5= 5D9A9E7CDC4;G;
H;F GIG>9I3F
FX gb` ]X`gd\]o W\T]ocgZ X`XdVbcb\XSgX ]T\
TcX`XdVbcb\XSgX gZ fhf]XhR _\]db]h_Pgl`
A9E7CDC4;G;
ITgRfgX gb W\T]ocgZ
Lb fp_Ub^b T`PUX\ A fhf]XhR fTe UdSf]XgT\
fX Xgb\_ogZgT ^X\gbhdVSTe
?c\^QagX _\T ^X\gbhdVST
I^R]gdb R " V\T _\T
UT[_SWT \fjpbe _\]db]h_Pgl`
I^R]gdb ;]b^bh[ST ^X\gbhdV\q`
I^R]gdb ;hgo_Tgb fpfgZ_T cdbVdT__Pgl`
I^R]gdb IdoVdT__T '+-05
Lb` gdocb dp[_\fZe _cbdXSgX `T gb` W\TUPfXgX
fgT aXjld\fgP ]XiP^T\T
D9A9E7CDC4;G;
ITgRfgX gb W\T]ocgZ
A fhf]XhR TcX`XdVbcb\XSgT\ Lb fp_Ub^b fUR`X\
) JCOEACF @=>EC>I@1HMA
LT _\]db]p_TgT _XgTgdQcb`gT\ _QfT fgT gdoi\_T fX
[Xd_ogZgT ?Wq [T UdXSgX c^ZdbibdSXe V\T gb
_TVX\d\]o f]Xpbe ]T\ _cbdXSgX `T W\TUPfXgX cqe
dh[_SYXgX gb ibpd`b _\]db]h_Pgl`
.DN89=B;
Kgb ]XiP^T\b [T UdXSgX cTdTWXSV_TgT V\T gb
aXcPVl_T gb YQfgT_T ]T\ gb _TVXSdX_T _X
_\]db]p_TgT
.DC894B9=F 7=5 HC
@579=E=>N G>9OCF
$5H1??;?C @579=E=>N
G>9OCF
DTgP^^Z^T XS`T\ chdS_TjT _TVX\d\]P f]XpZ Tco VhT^S
hT^b]XdT_\]o h^\]o cbdfX^P`Z ]XdT_\]o R T`[X]g\]o
fgZ [Xd_ogZgT c^Tfg\]o h^\]o LT _\]db]p_TgT
W\TcXd`bp` ThgP gT h^\]P
FcbdXSgX `T jdZf\_bcb\RfXgX XcSfZe ]T\ f]XpZ
fXdU\dSf_Tgbe 7gf\ Xab\]b`b_XSgX jdo`b
OdZf\_bcb\XSgX gT _TVX\d\]P f]XpZ _X jdhfTiQ`\Xe R
TfZ_Q`\Xe W\T]bf_RfX\e _o`b gogX ogT` b
]TgTf]XhTfgRe XVVhPgT\ og\ gb f]Xpbe XS`T\ ]TgP^^Z^b
V\T _\]db]p_TgT
>5H1??;?C @579=E=>N
G>9OCF
;]TgP^^Z^T XS`T\ _XgT^^\]P f]XpZ
LT _\]db]p_TgT WX W\TcXd`bp` gb _QgT^^b LT iTVZgP
cTdT_Q`bh` fX ]^X\fgP _XgT^^\]P WbjXST ]dpT
*ECGCK3 7`T _XgT^^\]o fq_T t cj gb ]bhgP^\ fgb
cbgRd\ t cdQcX\ `T TcQjX\ gb ^\VogXdb %+ Tco gT
gb\jq_TgT gbh ibpd`bh ]T\ gZe XflgXd\]Re c^XhdPe
gZe codgTe H\ fc\`[RdXe _cbdbp` `T ]TgTfgdQkbh`
gb XflgXd\]o VhT^S gZe codgTe
C>=@3 @579=E=>CO
G>9OCIF
FZ` X`XdVbcb\RfXgX cbgQ gb ibpd`b _\]db]h_Pgl`
jldSe iTVZgP
A _o`Z XaTSdXfZ XS`T\ Z T]o^bh[Z Wb]\_R _TVX\d\]bp
f]Xpbhe
?P` WX` XSfgX fSVbhdb\Xe og\ gT _TVX\d\]P fTe f]XpZ
XS`T\ ]TgP^^Z^T V\T _\]db]p_TgT ]P`XgX gZ` T]o^bh[Z
Wb]\_R
Lbcb[XgRfgX gb PWX\b f]Xpbe V\T : le ^Xcgo _X gZ
_QV\fgZ \fjp _QfT fgZ fhf]XhR ?^QVagX X`W\P_XfT gZ
[Xd_b]dTfST Lb f]Xpbe cdQcX\ `T XS`T\ ]dpb R `T
QjX\ gZ [Xd_b]dTfST gbh jXd\bp ?P` gb f]Xpbe QjX\
YXfgT[XS cb^p R WZ_\bhdVbp`gT\ fc\`[RdXe gogX WX`
XS`T\ ]TgP^^Z^b
#GKOF
@=>EC>I@1HMA
FX gT c^R]gdT dh[_SYXgX gZ` Xc\[h_ZgR UT[_SWT
\fjpbe _\]db]h_Pgl`
#
NTL _Z YP[HNdWL P`LK^SR_dX aLNR_gX
#
#
NTL _Z YP[HNdWL ULT _R ^`XIbT^R _Z`
WLNPT\IWL_Z]
NTL _Z WLNPK\PWL U\IL_Z] ULT NTL _Z QI^_LWL
P`LK^SR_dX aLNR_gX
NTL _Z QI^_LWL ULT _Z WLNPK\PWL aLNR_gX
#
NTL _Z QI^_LWL `N\gX
#
9gT` cTgRfXgX Q`T c^R]gdb T`PUX\ Z Xc\^XV_Q`Z
\fjpe
.DN89=B;
LZ` \fjp _\]db]h_Pgl` gl` " _cbdXSgX `T gZ
dh[_SfXgX gb cb^p V\T ^XcgP KX ]P[X P^^Z
UT[_SWT \fjpbe XS`T\ Wh`TgR _\T jdb`\]R W\Pd]X\T _Qjd\
^XcgP
+O<@=G; HCI
JCOEACI
@=>EC>I@1HMA
ITdPWX\V_T Cfjpe _\]db]h_Pgl` " W\Pd]X\T
^XcgP
ITgRfgX gb` ]X`gd\]o W\T]ocgZ
Lb fp_Ub^b T`PUX\ A fhf]XhR UdSf]XgT\ fX
Xgb\_ogZgT ^X\gbhdVSTe
ITgRfgX gb c^R]gdb V\T gZ` Xc\[h_ZgR \fjp
_\]db]h_Pgl`
A Xc\^XV_Q`Z \fjpe T`PUX\ ]T\ _\T cdbgX\`o_X`Z
W\Pd]X\T X_iT`SYXgT\
Jh[_SfgX _X gb` cXd\fgdbi\]o W\T]ocgZ gZ jdb`\]R
W\Pd]X\T
ITgRfgX gb c^R]gdb A ^X\gbhdVST aX]\`P A jdb`\]R W\Pd]X\T gdQjX\
iT`XdP
" KECA=>3 8=1E>9=5
H9?94MG9
7`T fR_T ZjXS A ^X\gbhdVST gl` _\]db]h_Pgl` QjX\
gXd_Tg\fgXS FcbdXSgX `T fURfXgX gb ZjZg\]o fR_T
cdoldT _X gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp
D^XSfgX gb` ]X`gd\]o W\T]ocgZ R dh[_SfgX X] `Qbh
A8=1@9GC 1AC=7@5 H;F
DNEH5F H;F GIG>9I3F
A ^X\gbhdVST fgT_TgP FXgP gb ]^XSf\_b gZe codgTe
cTgRfgX gb c^R]gdb A ^X\gbhdVST fh`XjSYXgT\
??573 H;F 8=1E>9=5F
;hgo XS`T\ bcbgXWRcbgX Wh`Tgo ;^^PagX _X gb`
cXd\fgdbi\]o W\T]ocgZ gZ jdb`\]R W\Pd]X\T
??573 H;F =GKOCF
@=>EC>I@1HMA
ITgRfgX gb c^R]gdb V\T gZ` ]T\`bpdV\T \fjp
_\]db]h_Pgl` Jh[_SfgX _X gb` cXd\fgdbi\]o W\T]ocgZ
gZ W\Pd]X\T ]T\ aX]\`RfgX aT`P
=5>CD3 H;F ?9=HCIE745F
DdTgRfgX cTgZ_Q`b gb c^R]gdb V\T _Xd\]P
WXhgXdo^XcgT ]T\ ]^XSfgX gb` ]X`gd\]o W\T]ocgZ
.DC894B9=F
9gT` X`XdVbcb\XSgX gZ fhf]XhR _X gb` ]X`gd\]o
W\T]ocgZ X_iT`SYXgT\ fgZ` Q`WX\aZ cP`gbgX le
cdogTfZ Z hkZ^ogXdZ UT[_SWT \fjpbe _\]db]h_Pgl`
9gT` T`bSaXgX X`W\P_XfT gZ` codgT gZe fhf]XhRe
_cbdXS b T`X_\fgRdTe `T fh`XjSfX\ `T ^X\gbhdVXS
>C?CI<45 ?9=HCIE7=PA KgZ` T]b^bh[ST ^X\gbhdV\q` _cbdXSgX `T dh[_SfXgX
_Qjd\ ]T\ gdX\e UT[_SWXe \fjpbe ]T\ jdb`\]Qe W\Pd]X\Xe
_\]db]h_Pgl`
KX Thgo gb ]XiP^T\b _T[TS`XgX cle `T dh[_SYXgX gZ`
T]b^bh[ST ^X\gbhdV\q`
&579=E=>N G>9OCF
+O<@=G; H;F
5>C?CI<45F
?9=HCIE7=PA
OdZf\_bcb\XSgX cP`gbgX T`[X]g\]P fgZ [Xd_ogZgT
_TVX\d\]P f]XpZ ]TgP^^Z^T V\T ibpd`b _\]db]h_Pgl`
Idbnco[XfZ ITgRfgX gb` ]X`gd\]o W\T]ocgZ
Afhf]XhR fTe UdSf]XgT\ fX Xgb\_ogZgT ^X\gbhdVSTe
ITgRfgX gb c^R]gdb Lb V\T gZ` cdqgZ T]b^bh[ST ^X\gbhdV\q` T`PUX\
Jh[_SfgX gZ` cdqgZ \fjp _\]db]h_Pgl` ]T\ gZ
jdb`\]R W\Pd]X\T
ITgRfgX aT`P gb c^R]gdb
Lb V\T gZ WXpgXdZ T]b^bh[ST ^X\gbhdV\q` T`PUX\
Jh[_SfgX gZ WXpgXdZ \fjp _\]db]h_Pgl` ]T\ gZ
jdb`\]R W\Pd]X\T
ITgRfgX aT`P gb c^R]gdb
Lb V\T gZ` gdSgZ T]b^bh[ST ^X\gbhdV\q` T`PUX\
Jh[_SfgX gZ` gdSgZ \fjp _\]db]h_Pgl` ]T\ gZ
jdb`\]R W\Pd]X\T
ITgRfgX gb c^R]gdb A ^X\gbhdVST aX]\`P KgZ` Q`WX\aZ X_iT`SYXgT\ Z
fh`b^\]R W\Pd]X\T ]T\ Z X`XdVbcb\Z_Q`Z T]b^bh[ST
^X\gbhdV\q` T`PUX\
" KECA=>3 8=1E>9=5
H9?94MG9
7`T fR_T ZjXS A T]b^bh[ST ^X\gbhdV\q` QjX\
gXd_Tg\fgXS FcbdXSgX `T fURfXgX gb ZjZg\]o fR_T
cdoldT _X gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp
;cX`XdVbcb\RfgX gZ fhf]XhR R dh[_SfgX gZ` X] `Qbh
AC=7@5 H;F DNEH5F H;F
GIG>9I3F >5H1 H;
8=1E>9=5 H;F ?9=HCIE745F
A ^X\gbhdVST fgT_TgP H T`X_\fgRdTe kpaZe _cbdXS `T
fh`XjSfX\ gZ ^X\gbhdVST FXgP gb ]^XSf\_b gZe codgTe
cTgRfgX aT`P gb c^R]gdb A ^X\gbhdVST fh`XjSYXgT\
??573 H;F EO<@=G;F
F\T T^^TVR XS`T\ _o`b Wh`TgR cd\` gZ` X]]S`ZfZ
FXgb c^R]gdb cXdPfgX fgZ` Xc\[h_ZgR dp[_\fZ
]T\ T^^PagX gZ
=5>CD3 H;F ?9=HCIE745F
ITgRfgX gb ilg\f_Q`b c^R]gdb V\T gZ dh[_\f_Q`Z \fjp
_\]db]h_Pgl` Jh[_SfgX X] `Qbh R TcX`XdVbcb\RfgX gZ
fhf]XhR
,H5@1H;@5 H;F
?9=HCIE745F
ITgRfgX fp`gb_T gb c^R]gdb ITgRfgX gb
c^R]gdb Z ^X\gbhdVST fh`XjSYXgT\
IHN@5HC GOGH;@5 DEC7E5@@1HMA
FX gb Thgo_Tgb fpfgZ_T cdbVdT__Pgl` _cbdXSgX `T
cTdTf]XhPfXgX cb^p Xp]b^T gT iTVZgP ?c\^QagX gb
cdoVdT__T ]T\ WqfgX gb UPdbe gbh iTVZgbp LZ`
\WT`\]R dp[_\fZ gZ` T`T^T_UP`X\ gb Thgo_Tgb fpfgZ_T
cdbVdT__Pgl` FcbdXSgX `T Xc\^QaXgX T`P_XfT fX
cdbVdP__TgT
+O<@=G;
DEC7E1@@5HCF
;ibp Xc\^QaXgX Q`T cdoVdT__T dh[_SfgX le XaRe
;`bSagX gb` ]X`gd\]o W\T]ocgZ
ITdPWX\V_T fgZ` X\]o`T IdoVdT__T _X ]\^o
UPdbe
ITgRfgX gb c^R]gdb KgZ` b[o`Z Q`WX\aZe gbh db^bV\bp X_iT`SYXgT\ b
cdqgbe Td\[_oe cdbVdP__Tgbe
?c\^QagX _X gb W\T]ocgZ Xc\^bVRe cdbVdP__Tgbe
gb Xc\[h_Zgo cdoVdT__T
ITgRfgX aT`P gb c^R]gdb
KgZ` b[o`Z Q`WX\aZe gbh db^bV\bp X_iT`SYXgT\ le
cdbgX\`o_X`b UPdbe ]\^P
Jh[_SfgX _X gb` cXd\fgdbi\]o W\T]ocgZ gb UPdbe
ITgRfgX gb c^R]gdb Lb cdoVdT__T aX]\`P A jdb`\]R W\Pd]X\T gdQjX\
iT`XdP ]T\ X_iT`SYXgT\ gb fp_Ub^b
-C DEN7E5@@5 H9?94MG9
7`T fR_T ZjXS A fhf]XhR fgT_TgP `T [Xd_TS`X\
KgZ`Q`WX\aZ iTS`XgT\ ITgRfgX gb c^R]gdb ]T\ ]^XSfgX gb` ]X`gd\]o
W\T]ocgZ FcbdXSgX `T fURfXgX gb ZjZg\]o fR_T
cdoldT _X gb c^R]gdb ??573 DEC7E1@@5HCF
FXgP gZ` X]]S`ZfZ WX` _cbdXS `T T^^PaX\ c^Qb`
bTd\[_oe cdbVdP__Tgbe ]T\ gb UPdbe
=5>CD3 DEC7E1@@5HCF
DdTgRfgX cTgZ_Q`b gb c^R]gdb V\T _Xd\]P
WXhgXdo^XcgT ]T\ ]^XSfgX gb` ]X`gd\]o W\T]ocgZ
Afhf]XhR XS`T\ TcX`XdVbcb\Z_Q`Z
.DC894B9=F 7=5 HC
5IHN@5HC
GOGH;@5
DEC7E5@@1HMA
<VP^gX gT gdoi\_T Tco gZ fhf]XhTfST ]T\ YhVSfgX gT
?P` WX` _cbdXSgX `T WqfXgX gb T]d\UQe UPdbe
fgdbVVh^bcb\RfgX gb cdbe gT XcP`l R cdbe gT ]Pgl
Lbcb[XgRfgX gT gdoi\_T fX Q`T ]TgP^^Z^b V\T
_\]db]p_TgT dZjo _TVX\d\]o f]Xpbe cj Q`T UTYP]\ R
Q`T c\Pgb Tco cbdfX^P`Z ]T\ _Z jdZf\_bcb\RfXgX
]T`Q`T ]TcP]\
Lbcb[XgRfgX gT gdoi\_T _QfT fgZ` ]dpT fhf]XhR
7`T` cS`T]T _X ]TgP^^Z^T gdoi\_T gZ` X]PfgbgX
cXd\bjR UPdbhe ]T\ gT TcTdTSgZgT XaTdgR_TgT [T
UdXSgX fgb gQ^be fg\e hcbWXSaX\e
A dp[_\fZ V\T gT UPdZ cbh UdSf]b`gT\ Qal Tco gZ`
cXd\bjR UPdbhe WX` XS`T\ Wh`TgR
KX cb^^P iTVZgP _XgP Tco ^SVb jdo`b T]bpgX Q`T
fR_T =hdSfgX gT gdoi\_T R T`T]TgQkgX gT
(9D17M@5
ITVqfgX ]T\ Tcb[Z]XpfgX gT gdoi\_T ]TgP gb Wh`Tgo
fX ^XcgQe _XdSWXe fgbhe tJ
Lbcb[XgRfgX gT ]TgXkhV_Q`T gdoi\_T cP`l f Q`T
dZjo _TVX\d\]o f]Xpbe cj Q`T VhP^\`b c\Pgb R Q`T
c\Pgb cbdfX^P`Ze
FXgP gb aXcPVl_T TiRfgX gT gdoi\_T T]o_T Qle
^XcgP V\T gZ` Xa\fbddocZfZ gZe [Xd_b]dTfSTe
DTgP gb aXcPVl_T gbh ]dQTgbe gl` cbh^Xd\]q` R
gl` kTd\q` WZ_\bhdVXSgT\ hVdo DTgP gb Vpd\f_T
Tcb_T]dp`XgX Thgo gb hVdo ]T\ fX ]T_ST cXdScglfZ
_Z` gb jdZf\_bcb\RfXgX R _Z` gb TiRfXgX `T Qd[X\ fX
XcTiR _X P^^T gdoi\_T
Lbcb[XgRfgX gb UbW\`o gb Td`Sf\b ]T\ gb jb\d\`o ]dQTe
cdqgT _X gZ _Xd\P gbh ^Scbhe cdbe gT ]Pgl cP`l
fgb _TVX\d\]o f]Xpbe
GXcTVqfgX gb kl_S _o`b fgZ` TcTdTSgZgZ cbfogZgT
>\TibdXg\]P _cTV\TgXpX\ VdRVbdT
;cb_T]dp`XgX _XgP gb Vpd\f_T gb` RWZ aXcTVl_Q`b
]\_P
Lbcb[XgRfgX gb b^o]^Zdb cbh^Xd\]o cdqgT _X gZ
_Xd\P gbh fgR[bhe gT ]b__Pg\T cbh^Xd\]q` _X gZ
_Xd\P gZe cQgfTe cP`l fgb _TVX\d\]o f]Xpbe
*5H1H9F
ITgPgXe UdTfgQe jldSe i^bpWT ]okgX g\e cTgPgXe fX
b_b\o_bdiT _XVP^T ]b__Pg\T =\T ]P[X Vd
cTgPgXe cdbf[QfgX Wpb ]bhgT^\Qe gZe fbpcTe `Xdo
]T\ ^SVb T^Pg\
ITgPgXe UdTfgQe _X i^bpWT jdZf\_bcb\RfgX cTgPgXe
gbh SW\bh _XVQ[bhe I^p`gX g\e ]T\ gdhcRfgX gZ
i^bpWT _Xd\]Qe ibdQe <P^gX g\e cTgPgXe ogT` XS`T\
T]o_T hVdQe _QfT f Q`T _TVX\d\]o f]Xpbe jldSe
`Xdo
+O:=
Lb dpY\ TidSYX\ cb^p fgb _TVXSdX_T OdZf\_bcb\RfgX
V\ Thgo Q`T kZ^o _TVX\d\]o f]Xpbe _X ]TcP]\
Jh[_SfgX gb ]T[Tdo UPdbe jldSe hVdo Idbf[QfgX
`Xdo Wpb Qle Who_\f\ ibdQe gZe cbfogZgTe gbh
dhY\bp
FZ jdZf\_bcb\RfgX dpY\ fX fT]bh^P]\ _TVX\dQ_Tgbe
%5K5A=>1
ETjT`\]P idQf]T ]okgX gT ^TjT`\]P fX b_b\o_bdiT
_XVP^T ]b__Pg\T =\T ]P[X Vd cdbf[QfgX ]bhgT^\Qe gZe fbpcTe `Xdo
ETjT`\]P ]TgXkhV_Q`T ]TgP^^Z^T XS`T\ _o`b
YX_Tg\f_Q`T _Z UdTf_Q`T ^TjT`\]P LT ]TgTkhV_Q`T
^TjT`\]P _X fP^gfT fT`g\VS WX` XS`T\ ]TgP^^Z^T
Idbf[QfgX Qle ]bhgT^\Qe `Xdo T`P Vd Kgb
fcT`P]\ ]T\ fgb ]b]]\`b^PjT`b _Z` cdbf[QfXgX `Xdo
0ENAC= ;E9@45F
FXd\]P iTVZgP jdX\PYb`gT\ _XgP gb gQ^be gbh
cdbVdP__Tgbe T]o_T ^SVb jdo`b ZdX_STe _QfT fgb
jqdb _TVX\dQ_Tgbe
ELNR_e
F\eXZ] R\PWKL]
=LbLXTUH
[P\K[Z` VP[_H
@L_H_P]
[P\K[Z` VP[_H
@\g_L bf^_P _Z XP\e [Z`
ORWTZ`\NJSRUP
AfQT
Id] VP[_H
IdbfQagX gT fR_TgT V\T gb T`T]PgX_T ]T\ gb Vpd\f_T
*3/"%
*"!%3+
)*(*%%-(+
*"(0 *(.+
"*"#3 ,#4(+ '*-%-
<\IL] ULT [Z`VP\TUH
i GR_e
i =P[_H UZWWH_TL U\IL_Z]
i <TWH]
i <Z_e[Z`VZ Ue_L [H[TL
!
i UTVH
ARbe ^UPfZ] bd\K]
UL[HUT
GH\T
?VeUVR\Z cH\T aTVI_Z cL\TZf W[\TQeVL
cL\TZf
!
i UTVH
ARbe ^UPfZ]
bd\K] UL[HUT
GdWK ULT NV`UH
GdWK ZVeUVR\Z ^_\ZNN`Ve J WLU\Z`Ve
cdWK ^P aI_P] UITU NV`Ue WP WLNTH
NV`Ue a\Zf_dX
!
i UTVH
ARbe ^UPfZ]
bd\K] UL[HUT
@L_H_P]
5\L^_I] [L_H_P] bd\K] aVZfOL M\L^_I]
[L_H_P] WP aVZfOL
!
i UTVH
BUPfZ] WP UL[HUT
AfQT
!
i UTVH
GRVe ^UPfZ] WP
UL[HUT
=LbLXTUH a\I^UL
<Z`XZ`[KOT W[\eUZVZ UL\e_L
NZNN`VZU\HWMR [\H^Z [T[P\TI]
UZVZU`SHUTL
!
i UTVH
BUPfZ] WP UL[HUT
=LbLXTUH UL_Pc`NWIXL
<Z`XZ`[KOT W[\eUZVZ UL\e_L
NZNN`VZU\HWMR UZUUTXZVHbLXZ ^[LXHUT
!
i UTVH
BUPfZ] WP UL[HUT
)2%
*%
4UL_HVVRVP] PKXLT _Zf\_P] WP ^LX_TNK NV`UH WP U\IWL NV`UH WP NVH^Z J WP QPVL_KXL
A '+-05 F`R_Z fTe WS`X\ gZ Wh`TgogZgT `T
Tcb[Z]XpfXgX W\]P fTe cdbVdP__TgT ]T\ `T gT
T`T]T^QfXgX aT`P 7jXgX fgZ W\P[XfR fTe Wpb [QfX\e
Tcb[R]XhfZe ]T\ A ^X\gbhdVST '+-05
XS`T\ ]TgP^^Z^Z V\T iTVZgP cbh cTdTf]XhPYb`gT\
cb^p fhj`P
KX Thgo gb ]XiP^T\b _cbdXSgX `T W\TUPfXgX
gb` gdocb cbh Tcb[Z]XpXgT\ gZ '+-05
gb` gdocb cbh aX]\`PgX gZ '+-05
DC<3>9IG;
EI<@4G9MA GH;
ITgRfgX gb` ]X`gd\]o W\T]ocgZ
Lb fp_Ub^b T`PUX\ A fhf]XhR fTe UdSf]XgT\ fX
Xgb\_ogZgT ^X\gbhdVSTe
ITgRfgX gb c^R]gdb V\T gZ` Xc\[h_ZgR \fjp
_\]db]h_Pgl`
A UT[_SWT \fjpbe T`PUX\ ]T\ _\T cdbgX\`o_X`Z
W\Pd]X\T X_iT`SYXgT\
Jh[_SfgX _X gb` cXd\fgdbi\]o W\T]ocgZ gZ jdb`\]R
W\Pd]X\T
DdTgRfgX cTgZ_Q`b gb c^R]gdb V\T _Xd\]P
WXhgXdo^XcgT
7`T fR_T ZjXS A dp[_\fZ QjX\ Tcb[Z]XhgXS ]T\
_cbdXS `T aX]\`RfX\ bcbgXWRcbgX
DC<3>9IG; @=5F 1??;F
EO<@=G;F
>>4A;G; Jh[_SfgX ]T\ Tcb[Z]XpfgX X] `Qbh H\ cT^\Qe dh[_SfX\e
Xc\VdPib`gT\
L\e Tcb[Z]Xh_Q`Xe dh[_SfX\e V\T gb iTVZgo fTe
_cbdXSgX `T g\e aX]\`RfXgX bcbgXWRcbgX
ITgRfgX gb` ]X`gd\]o W\T]ocgZ
Lb fp_Ub^b T`PUX\ A fhf]XhR fTe UdSf]XgT\ fX
Xgb\_ogZgT ^X\gbhdVSTe
ITgRfgX gb c^R]gdb H\ Tcb[Z]Xh_Q`Xe dh[_SfX\e X_iT`SYb`gT\
ITgRfgX gb c^R]gdb A '+-05 aX]\`PX\ A jdb`\]R W\Pd]X\T gdQjX\
iT`XdP fgZ` Q`WX\aZ
.DC894B9=F
FXgP gZ` X]]S`ZfZ WX` _cbdXSgX `T T^^PaXgX c\T gZ
[QfZ Tcb[R]XhfZe
LT dh[_\f_Q`T cdbVdP__TgT cTdT_Q`bh`
Tcb[Z]Xh_Q`T XcSfZe ]T\ _XgP Tco _\T W\T]bcR
dXp_Tgbe
" KECA=>3 8=1E>9=5
H9?94MG9
7`T fR_T ZjXS A '+-05 gX^XSlfX FcbdXSgX `T
fURfXgX gb ZjZg\]o fR_T cdoldT _X gb c^R]gdb
^X\gbhdVSTe gbh db^bV\bp FX gb` ]X`gd\]o W\T]ocgZ
TcX`XdVbcb\RfgX gZ fhf]XhR R dh[_SfgX X] `Qbh
,H5@1H;@5
ITgRfgX gb c^R]gdb R T`bSagX gZ` codgT gZe
fhf]XhRe A ^X\gbhdVST fgT_TgP FXgP gb ]^XSf\_b
cTgRfgX aT`P gb c^R]gdb A ^X\gbhdVST fh`XjSYXgT\
,63G=@C H;F EO<@=G;F
DdTgRfgX cTgZ_Q`b gb c^R]gdb V\T _Xd\]P
WXhgXdo^XcgT A dp[_\fZ fURfgZ]X Jh[_SfgX X] `Qbh
R ]^XSfgX gb` ]X`gd\]o W\T]ocgZ
"?9>HECA=>N EC?N=
A fhf]XhR fTe QjX\ W\PibdXe ^X\gbhdVSXe db^bV\bp
KXThgo gb ]XiP^T\b fTe XaZVbp_X
gZ` b[o`Z Q`WX\aZe gbh db^bV\bp
cle `T dh[_SYXgX gb db^o\ fh`TVXd_bp fp`gb_bh
jdo`bh
gb` gdocb cbh TcX`XdVbcb\XSgX Thgo_TgT gZ
fhf]XhR fTe W\Pd]X\T ^X\gbhdVSTe
cle `T dh[_SYXgX R `T T^^PYXgX gZ` qdT
)<NA; 2A89=B;F
HCI EC?C7=CO
@VJU_\Z VPT_Z`\NKL] @P\T^_\ZaTUe]
_Z` \ZVZNTZf
OTLUe[_R]
"-(.* *($("(4
*,
>[Z\PK_P XL b\R^TWZ[ZTJ^P_P _Z \ZVeT ^`XLNP\WZf ^fX_ZWZ`
b\eXZ` e[d] IXL \ZVeT L`NgX J IXL \ZVeT ^`XLNP\WZf
UZ`QKXL]
AZVeT ^`XLNP\WZf ^fX_ZWZ`
b\eXZ`
: ^`^UP`J OPX PXP\NZ[ZTPK_LT J L[PXP\NZ[ZTPK_LT L`_eWL_L
7TH\UPTL VPT_Z`\NKL]
: ^`^UP`J L[PXP\NZ[ZTPK_LT L`_eWL_L WP_H L[e WTL \`SWT^WIXR
OTH\UPTL VPT_Z`\NKL] [
b
h g\P]
3\L
AfSWT^R _R] g\L]
.DC894B9=F
FXgTap ]T\ Z qdT _X\q`XgT\ Z
ilgX\`ogZgT gZe b[o`Ze Q`WX\aZe gbh db^bV\bp
ogT` fX Thgo gb jdb`\]o W\PfgZ_T WX`
cdTV_Tgbcb\RfXgX ]T_ST dp[_\fZ R ogT` WX` XS`T\
X`XdVbcb\Z_Q`Z ]T_ST ^X\gbhdVST db^bV\bp
Kg\e ^X\gbhdVSXe db^bV\bp Jb^o\ fh`TVXd_bp
fp`gb_bh jdo`bh ]T\ >\Pd]X\T ^X\gbhdVSTe ZjXS _XgP gb cQdTe gl` dh[_SfXl` Q`T fR_T ]T\
T`TUbfUR`X\ gb T`gSfgb\jb fp_Ub^b =\T gb`
cdoldb gXd_Tg\f_o gbh ZjZg\]bp fR_Tgbe cTgRfgX
gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp
KX cXdScglfZ cbh jdX\PYXgT\ _cbdXSgX `T
W\bd[qfXgX gZ dp[_\fR fTe _X gb` cXd\fgdbi\]o
W\T]ocgZ
9gT` [Q^XgX `T fURfXgX _\T dp[_\fZ VhdSfgX gb
dh[_\f_Q`b jdo`b cSfl fgb ]T\
TcX`XdVbcb\RfgX gZ fhf]XhR
D9A9E7CDC4;G; >5=
9A9E7CDC4;G; H;F
C<NA;F 2A89=B;F HCI
EC?C7=CO
DdTgRfgX cTgZ_Q`b gb c^R]gdb ^X\gbhdVSTe gbh
db^bV\bp V\T _Xd\]P WXhgXdo^XcgT
A b[o`Z Q`WX\aZe gbh db^bV\bp TcX`XdVbcb\XSgT\
9gT` _\T ^X\gbhdVST db^bV\bp XS`T\ X`XdVbcb\Z_Q`Z
cTdT_Q`X\ gb T`gSfgb\jb fp_Ub^b T`T__Q`b
DdTgRfgX cTgZ_Q`b gb c^R]gdb ^X\gbhdVSTe gbh
db^bV\bp V\T _Xd\]P WXhgXdo^XcgT
A b[o`Z Q`WX\aZe gbh db^bV\bp X`XdVbcb\XSgT\
+C?N= GIA579E@CO
GOAHC@CI KENACI
ITgRfgX gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp gofXe ibdQe _Qjd\ `T T`Pkbh` gT fp_Ub^T
]T\ FX gb` cXd\fgdbi\]o W\T]ocgZ dh[_SfgX gZ W\Pd]X\T
cjr ^XcgP
A dp[_\fZ X\fPVXgT\ Thgo_TgT fgZ _`R_Z gZe
fhf]XhRe
FXgP gZ ^RaZ gbh jdo`bh ZjXS Q`T fR_T
ITgRfgX gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp
A qdT X_iT`SYXgT\ aT`P
=1E>9=5
?9=HCIE745F
;hgo_TgZ TcX`XdVbcbSZfZ _XgP Tco _\T dh[_\f_Q`Z
W\Pd]X\T
Jh[_SfgX _\T \fjpe _\]db]h_Pgl`
ITgRfgX gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp gofXe ibdQe _Qjd\ `T T`Pkbh` gT fp_Ub^T
]T\
FX gb` cXd\fgdbi\]o W\T]ocgZ dh[_SfgX gZ W\Pd]X\T
^X\gbhdVSTe cjrqdXe
A dp[_\fZ X\fPVXgT\ Thgo_TgT fgZ _`R_Z gZe
fhf]XhRe
ITgRfgX gb c^R]gdb A dh[_\Yo_X`Z W\Pd]X\T ^X\gbhdVSTe gdQjX\
" 8=1E>9=5 2?;B9
7`T fR_T ZjXS A fhf]XhR fgT_TgP `T [Xd_TS`X\ KgZ`
Q`WX\aZ iTS`XgT\ FcbdXSgX `T fURfXgX gb ZjZg\]o fR_T cdoldT _X gb
c^R]gdb ^X\gbhdVSTe gbh db^bV\bp
??573 H;F 8=1E>9=5F
FcbdXSgX `T T^^PaXgX bcbgXWRcbgX gZ jdb`\]R
W\Pd]X\T
,63G=@C H;F 8=1E>9=5F
?cT`TiQdXgX _X gb` cXd\fgdbi\]o W\T]ocgZ gZ jdb`\]R
W\Pd]X\T aT`P fgb FXgP Tco _Xd\]P
WXhgXdo^XcgT X\fPVXgT\ Z T^^TVR fgZ _`R_Z gZe
fhf]XhRe A jdb`\]R W\Pd]X\T fURfgZ]X
B5>E46MG; HMA
EI<@4G9MA HCI KENACI
?P` XS`T\ dh[_\f_Q`Xe cXd\ffogXdXe ^X\gbhdVSXe gbh
jdo`bh T`PUbh` gT T`gSfgb\jT fp_Ub^T fgZ` Q`WX\aZ
FcdbfgP Tco gb fp_Ub^bgZe ^X\gbhdVSTe gbh jdo`bh
fX cdqgb c^P`b UdSf]XgT\ gb fp_Ub^b =\T `T XaT]d\UqfXgX gb db^o\ fh`TVXd_bp ]bhYS`Te
gZ W\Pd]X\T ^X\gbhdVSTe R gZ` qdT cTgRfgX gb
c^R]gdb ^X\gbhdVSTe gbh db^bV\bp gofXe ibdQe
_Qjd\ `T UdSf]XgT\ gb fp_Ub^b _cdbfgP Tco gZ`
X]PfgbgX ^X\gbhdVST jdo`bh A T`gSfgb\jZ g\_R
X_iT`SYXgT\ V\T _Xd\]P WXhgXdo^XcgT fgZ` b[o`Z
Q`WX\aZe gbh db^bV\bp
+O<@=G; H;F
PE5F
ITgRfgX gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp gofXe ibdQe _Qjd\ `T T`Pkbh` gT fp_Ub^T
]T\
Jh[_SfgX _X gb` cXd\fgdbi\]o W\T]ocgZ gZ`
gdQjbhfT qdT
ITgRfgX gb c^R]gdb ^X\gbhdVSTe gbh db^bV\bp
A dp[_\fR fTe X\fPVXgT\ fgZ _`R_Z gZe fhf]XhRe
??573 H;F PE5F
Ij Tco ]T^b]T\d\`R fX jX\_Xd\`R qdT
Jh[_SfgX ocle cXd\VdPiXgT\ fgT fZ_XST ]T\ ??573 HMA 65G=>PA EI<@4G9MA
A fhf]XhR fTe QjX\ W\PibdXe UTf\]Qe dh[_SfX\e b\
bcbSXe XS`T\ cdbddh[_\f_Q`Xe Tco gb XdVbfgPf\b
;hgQe g\e UTf\]Qe dh[_SfX\e _cbdXSgX o_le fX
cXdScglfZ cbh jdX\PYXgT\ `T g\e T^^PaXgX
5G=>2F EI<@4G9=F
Kgb` cS`T]T [T UdXSgX o^Xe g\e UTf\]Qe dh[_SfX\e ]T\
g\e Wh`TgogZgXe T^^TVRe
,"# *4!%",
.&-3- -+
' ,
7TH\UPTL ^JWL_Z]
>I_\TL VP[_H
>TU\J OP`_P\eVP[_L
>PNHVR VP[_H
BJWL WP_H _R VJYR _R]
b\ZXTUJ] OTH\UPTL]
1bZ] [VJU_\Z`
*
1bZ] [VJU_\Z`
&&
BJWL P[TMPMLKd^R] UL_H
_Z [H_RWL PXe] [VJU_\Z`
A fhf]XhR cdQcX\ `T XS`T\ TcX`XdVbcb\Z_Q`Z
ITgRfgX gb c^R]gdb V\T _Xd\]P WXhgXdo^XcgT
KgZe b[o`Z X`WXSaXl` gbh db^bV\bp X_iT`SYXgT\ Z
cdqgZ UTf\]R dp[_\fZ
ITgRfgX gb c^R]gdb gofXe ibdQe _Qjd\ `T
X_iT`\fgXS Z T`gSfgb\jZ UTf\]R dp[_\fZ
?]gX^QfgX _X gb W\T]ocgZ Xc\^bVRe [Xd_b]dTfSTe
gZ` Xc\[h_ZgR dp[_\fZ
Kgb gQ^be ]dTgRfgX cTgZ_Q`b gb c^R]gdb V\T
_Xd\]P WXhgXdo^XcgT
9^Xe b\ dh[_SfX\e Qjbh` X\fTj[XS fgZ _`R_Z gZe
fhf]XhRe
FcbdXSgX bcbgXWRcbgX `T T^^PaXgX aT`P g\e dh[_SfX\e
fTe
/ECAH485 >5= >5<5E=G@NF
FX ]T^R idb`gSWT ]T\ cdbfX]g\]o ]T[Td\f_o W\TgZdXS
Z fhf]XhR _\]db]h_Pgl` V\T cb^p jdo`b gZ` ldTST
gbh X_iP`\fZ ]T\ gZ ^X\gbhdV\]ogZgP gbh ?Wq
cXd\VdPibh_X _X cb\b gdocb cdQcX\ `T idb`gSYXgX ]T\
`T ]T[TdSYXgX flfgP gZ fhf]XhR fTe
DS`Wh`be UdTjh]h]^q_Tgbe
FZ jdZf\_bcb\XSgX cbgQ fhf]XhQe ]T[Td\f_bp hkZ^Re
cSXfZe R fhf]XhQe X]goaXhfZe Tg_bp
DS`Wh`be XV]Th_Pgl`
FZ` cdTV_Tgbcb\XSgX gb` ]T[Td\f_o T_Qfle _XgP gZ`
TcX`XdVbcbSZfZ ;iRfgX gZ fhf]XhR `T ]dhqfX\
.DC894B9=F
F\]dQe W\TibdQe fgZ` TcojdlfZ fgZ` _cdbfg\`R
c^XhdP gZe fhf]XhRe WZ_\bhdVbp`gT\ Tco gT
W\TibdXg\]P h^\]P ocle VhT^S c^Tfg\]o R _QgT^^b
H\ f]\Qe fgb gYP_\ gZe codgTe cbh _b\PYbh` _X
T`gTpVX\Xe
`XdP XS`T\ T`gT`T]^PfX\e gbh ilgoe gZe
^P_cTe gbh ibpd`bh
FcbdXSgX `T Tcb_T]dp`XgX g\e WhfPdXfgXe bf_Qe
cj_XgP Tco gb _TVXSdX_T kTd\bp cb^p Tc^P <P^gX
_Xd\]Qe fgTVo`Xe jh_o ^X_b`\bp f Q`T i^\gYP`\ `Xdbp
Lbcb[XgRfgX Q`T ]bhgP^\ _QfT fgb WbjXSb V\T `T
TcbipVXgX gZ` Xc\UdPWh`fZ gbh UdTf_bp @XfgTS`XgX
gb `Xdo V\T Qle ^XcgP _X gZ _QV\fgZ \fjp
_\]db]h_Pgl`
.?=>1 >5<5E=G@CO
=\T `T _Z` hcbfgbp` YZ_\Qe b\ W\PibdXe Xc\iP`X\Xe
Tco ^P[be h^\]P ]T[Td\f_bp cdbfQagX gT fgb\jXST
cbh T`TiQdb`gT\ fgb` cS`T]T
FZ jdZf\_bcb\XSgX
\fjhdP ]T[Td\fg\]P R h^\]P gd\kS_Tgbe
apfgdXe _XgP^^bh R VhT^\bp V\T gb` ]T[Td\f_o gbh
VhT^\bp fgZ` codgT gZe fhf]XhRe
apfgdXe _XgP^^bh R VhT^\bp V\T gb` ]T[Td\f_o gZe
gf\_bpjTe gZe codgTe
f]^ZdP fpd_TgT gd\kS_Tgbe ]T\ fibhVVPd\T
]T[Td\f_bp
Id\` gZ jdRfZ c^p`XgX ]T^P gT ]T\`bpdV\T
fibhVVTdocT`T
*"(0
$"# #!*",%(4
>[\Z^_TXJ [VP`\H ^`^UP`J]
9P^_e OTHV`WL L[Z\\`[LX_TUZf [TH_dX
<LSL\K^_P W IXL [LXK ULSL\T^WZf ULT ^_PNXg^_P W IXL WLVLUe
[LXK
4XZYPKOd_Z] bHV`ML]
Fg\Z] WLNPT\IWL_Z]
>R b\R^TWZ[ZTPK_P Yf^_\P] WP_HVVZ` J N`LVTZf NTL _ZX
ULSL\T^We
9P^_e OTHV`WL L[Z\\`[LX_TUZf [TH_dX
<LSL\K^_P W IXL [LXK ULSL\T^WZf ULT ^_PNXg^_P W IXL WLVLUe
[LXK
4[ZWLU\fXP_P LWI^d] _Z`] VPUIOP] L[e HVL_L
L^MP^_KZ` VK[Z] UZ\X aVHZ`\ ULT L^[\HOT L`NZf
<H_d L[
L`_Zf] _Z`] VPUIOP] W[Z\PK XL ORWTZ`\NRSPK OTHM\d^R
B_RX `[R\P^KL _PbXTUJ] PY`[R\I_R^R] [PVL_gX J ^_L PTOTUH
UL_L^_JWL_L W[Z\PK_P XL [\ZWRSP`_PK_P _L PTOTUH ULSL\T^_TUH
LXZYPKOd_Z` bHV`ML
9P^_e OTHV`WL L[Z\\`[LX_TUZf [TH_dX J YTOeXP\Z
<LSL\K^_P W IXL [LXK ULSL\T^WZf ULT ^_PNXg^_P W IXL WLVLUe
[LXK
BP [P\K[_d^R T^b`\J] \f[LX^R]
F\R^TWZ[ZTPK_P L[Z\\`[LX_TUe aZf\XZ` WeXZ ^_ZX U\fZ bg\Z
WLNPT\IWL_Z]
Fg\Z] WLNPT\IWL_Z] L[e
LXZYPKOd_Z bHV`ML
>R b\R^TWZ[ZTPK_P ^[\IT RVPU_\TUZf aZf\XZ` ULT HVVL O`XL_H
L[Z\\`[LX_TUH aZf\XZ` J `VTUH _\TcKWL_Z]
4UL_HVVRVL PKXLT
P[K^R] _L ^f\WL_L _\TcKWL_Z] _L _\LbTH ^aZ`NNH\TL ULT _L
ULSL\T^_TUH UL_^L\ZVgX
4`_H _L `VTUH ORWTZ`\NZfX
N\L_^Z`XTI] ^_RX P[TaHXPTL
4aJ^_P _T] P^d_P\TUI] P[TaHXPTP] XL ^_PNXg^Z`X ULVH
CQHWTL [e\_L]
C^TWZfbL _R] [e\_L]
>RX _RX LaLT\I^P_P
DN\e ULSL\T^WZf _QLWTgX
<LSL\K^_P W IXL [LXK ULSL\T^WZf
>R b\R^TWZ[ZTPK_P Yf^_\P] WP_HVVZ` J N`LVTZf NTL _ZX
ULSL\T^We
9P^_e OTHV`WL L[Z\\`[LX_TUZf [TH_dX
<LSL\K^_P W IXL [LXK ULSL\T^WZf WRX _\KMP_P
>R b\R^TWZ[ZTPK_P Yf^_\P] WP_HVVZ` J N`LVTZf NTL _ZX
ULSL\T^We
8YL\_JWL_L
9P^_e OTHV`WL L[Z\\`[LX_TUZf [TH_dX
>Z`VTH^_P ULT ULSL\K^_P W IXL [LXK ULSL\T^WZf J WTL
MZf\_^L
?169F >5= 9D=G>9I2F
>X` XS`T\ cP`gbgX TcTdTSgZgb gb ]P^Xf_T gZe
hcZdXfSTe gXj`\]Re XahcZdQgZfZe cX^Tgq` KX _Xd\]Qe
cXd\cgqfX\e _cbdXSgX `T T`g\_XglcSfXgX b\ SW\b\ gT
fiP^_TgT Kgb` T]o^bh[b cS`T]T [T UdXSgX _Xd\]Qe
fh_Ubh^Qe V\T gZ` T`g\_Xgqc\fZ gbh fiP^_Tgbe
DS`Wh`be Z^X]gdbc^ZaSTe
H\ XdVTfSXe fgT Z^X]gdb`\]P gZe fhf]XhRe
Xc\gdQcXgT\ `T cdTV_Tgbcb\bp`gT\ _o`b Tco
Q`T` X\W\]Xh_Q`b gXj`SgZ
DTgP g\e XdVTfSXe fgT Z^X]gdb`\]P gZe fhf]XhRe
[QgXgX gZ fhf]XhR bclfWRcbgX X]goe dXp_Tgbe
DTgXUPfgX gZ` Thgo_TgZ TfiP^X\T R aXU\WqfgX gZ`
TfiP^X\T fgb ]\Uqg\b gl` TfiT^X\q` gZe ]Tgb\]STe
fTe
*4A5>5F 6?56PA
?P` Q`T iTVZgo WX` cQghjX ]T^P T`TgdQagX
cTdT]T^q fgb ]XiP^T\b ?]XS [T UdXSgX cb^^Qe
fh_Ubh^Qe ]T\ hcbWXSaX\e V\T gb _TVXSdX_T
$
"!& "-
&-"%-5)", )('"+
: ^`^UP`J OP VPT_Z`\NPK
? \P`WL_ZVJ[_R] aT] OPX
PKXLT ^`XOPOPWIXZ]
CZ[ZSP_J^_P _Z \P`WL_ZVJ[_R
aT] ^_RX [\KQL
7TLUZ[J \PfWL_Z]
8VINY_P LX LXHMPT R VHW[L
_Z` OdWL_KZ`
: L^aHVPTL PKXLT bLVL^WIXR
<ZT_HY_P ^_Z UTMg_TZ _dX
L^aLVPTgX PHX R L^aHVPTL NTL
_R ^`^UP`J PKXLT PX_HYPT
8^aLVWIXZ] bPT\T^We]
<L_PMH^_PYPMTOg^_P _RX
L^aHVPTL ^_Z UTMg_TZ _dX
L^aLVPTgX
>P_H L[e [P\K[Z`
OP`_P\eVP[_L
LXPMH^_PMTOg^_P _RX YLXH
: ^`^UP`J OP M\K^UP_LT ^P
VPT_Z`\NKL
B_RX IXOPTYR M\K^UP_LT
WTL b\ZXTUJ OTH\UPTL
>P_H _R \fSWT^R OPX [L_JSRUP @L_J^_P _Z [VJU_\Z J
_Z [VJU_\Z L[PXP\NZ[ZTJ^_P _R ^`^UP`J
WP _ZX UPX_\TUe OTLUe[_R
$
"!& "-
&-"%-5)", )('"+
CL WTU\ZUfWL_L OPX _KSPX_LT ^P
VPT_Z`\NKL
: [e\_L OPX PKXLT _PVPKd]
UVPT^_J
8VINY_P PHX IbZ`X WLNUg^PT
`[ZVPKWWL_L aLNR_Zf J UH[ZTZ
YIXZ ^gWL ^_RX [e\_L
CZ [VJU_\Z OPX [L_JSRUP
@L_J^_P _Z [VJU_\Z A`SWK^_RUP WTL [ZVf WTU\J
MLSWKOL T^bfZ] WTU\ZU`WH_dX
8[TVIY_P WTL WPNLVf_P\R
MLSWKOL T^bfZ] WTU\ZU`WH_dX
CL aLNR_H QP^_LKXZX_LT L\Ne_P\L
WWIb\T
b\ _g\L
\
L[ e_T
B_R ^`^UP`J _Z[ZSP_JSRUP WTL 7T[VJ [Z^e_R_L i ^bPOeX
WPNLVf_P\R [Z^e_R_L L[ e_T OT[VH^TZ] b\eXZ]
^`XJSd]
0XL ^JWL RbPK
: HXdiUH_d _PVPKL
^_RX IXOPTYR LXLMZ^MJXPT
: ^`^UP`J M\K^UP_LT ^_R
VPT_Z`\NKL [L\Z`^KL^R]
@L_J^_P _Z [VJU_\Z <\L_J^_P [L_RWIXZ _Z
[VJU_\Z NTL
OP`_P\eVP[_L
: VPT_Z`\NKL [L\Z`^KL^R] PKXLT
L[PXP\NZ[ZTRWIXR
: ^`^UP`J L[PXP\NZ[ZTPK_LT VKNZ
WP_H _RX PUUKXR^R
B_RX IXOPTYR
PWaLXKQP_LT _Z WJX`WL ^aHVWL_Z]
: [e\_L OPX PKXLT UVPT^WIXR
^d^_H
4XZKY_P _RX [e\_L LUeWL WTL
aZ\H ULT UVPK^_P _RX ^d^_H
PHX L`_e OP MZRSHPT
PTOZ[ZTJ^_P _RX `[R\P^KL
_PbXTUJ] PY`[R\I_R^R]
[PVL_gX
B_RX IXOPTYR PWaLXKQP_LT _Z WJX`WL
^aHVWL_Z] : [e\_L OPX PKXLT UVPT^WIXR
^d^_H
4[PXP\NZ[ZTJ^_P ULT
PXP\NZ[ZTJ^_P YLXH _R ^`^UP`J
WP _Z [VJU_\Z B_RX IXOPTYR PWaLXKQP_LT _Z WJX`WL
^aHVWL_Z] ,
? LT^SR_J\L] _R] SP\WZU\L^KL] <LVI^_P _RX `[R\P^KL _PbXTUJ]
PKXLT PVL__dWL_TUe]
PY`[R\I_R^R] [PVL_gX
B_RX IXOPTYR PWaLXKQP_LT _Z WJX`WL
^aHVWL_Z] ,
CL [VJU_\L PKXLT VP\dWIXL J Z @L_J^_P eVL _L [VJU_\L
WRbLXT^We] PKXLT WLNUdWIXZ]
[ZVVI] aZ\I] PHX L`_e OP
MZRSHPT PTOZ[ZTJ^_P _RX
`[R\P^KL _PbXTUJ]
PY`[R\I_R^R] [PVL_gX
B_RX IXOPTYR PWaLXKQP_LT _Z WJX`WL
^aHVWL_Z] ,
D[H\bPT WTL WPNHVR
`[P\SI\WLX^R
PXOPbZWIXd] ad_TH ^_ZX
P^d_P\TUe bg\Z
@ZVf WPNHVR T^bf]
WTU\ZU`WH_dX
>RX LXZKYP_P _RX [e\_L
_\LMJY_P _Z \P`WL_ZVJ[_R aT]
L[e _RX [\KQL J UL_PMH^_P
YPMTOg^_P _RX L^aHVPTL ^_Z
UTMg_TZ _dX L^aLVPTgX LaJ^_P
_Z aZf\XZ XL U\`g^PT
B_RX IXOPTYR PWaLXKQP_LT _Z WJX`WL
^aHVWL_Z] ,
CPbXTUe PVH__dWL
<LVI^_P _RX `[R\P^KL _PbXTUJ]
PY`[R\I_R^R] [PVL_gX
DS`Wh`be Z^X]gdbc^ZaSTe
H\ T]TgP^^Z^Xe Xc\f]XhQe XS`T\ Xc\]S`Wh`Xe H\
Xc\f]XhQe Xc\gdQcXgT\ `T VS`b`gT\ _o`b Tco Q`T`
gXj`\]o gbh g_R_Tgbe XahcZdQgZfZe cX^Tgq`
X]cT\WXh_Q`b Tco X_Pe
.D;E9G45 H9KA=>3F 9BID;E2H;G;F
D9?5HPA
?P` Z fhf]XhR fTe cdQcX\ `T Xc\f]XhTfgXS UdSf]XgT\
fgZ W\P[XfR fTe Z hcZdXfST gXj`\]Re XahcZdQgZfZe
gl` cX^Tgq` _Te A W\Xp[h`fZ ]T\ b Td\[_oe
gZ^Xiq`bh gZe c^Zf\QfgXdZe hcZdXfSTe gXj`\]Re
XahcZdQgZfZe cX^Tgq` UdSf]b`gT\ fgb` gZ^Xil`\]o
]TgP^bVb ;]o_T ]T\ gT ]Q`gdT fQdU\e cX^Tgq` cbh
fTe WS`bh_X [T fTe hcbWXSabh` XhjTdSfgle gZ`
hcZdXfST gXj`\]Re XahcZdQgZfZe gl` cX^Tgq` _Te
fgb` gocb ]Tgb\]STe fTe
E=<@NF >5=
5E=<@NF
?P` YZgRfXgX gZ W\]R _Te hcZdXfST gXj`\]Re
XahcZdQgZfZe cX^Tgq` WqfgX cTdT]T^q gb` Td\[_o ]T\ gb` Td\[_o gZe fhf]XhRe fTe
LZ` c\`T]SWT gpcbh _X gbhe Td\[_bpe Thgbpe _cbdXSgX
`T gZ` UdXSgX T`bSVb`gTe gZ` codgT gZe fhf]XhRe
WXa\P
=\T `T _Z jdX\TfgXS `T kPj`XgX cb^p fX cXdScglfZ
cbh jdX\PYXgT\ _cbdXSgX `T VdPkXgX XWq gT fgb\jXST
gZe fhf]XhRe fTe ]T\ gb` Td\[_o gZ^Xiq`bh gZe
hcZdXfSTe gXj`\]Re XahcZdQgZfZe cX^Tgq`
4\TS
4\TS
D[R\P^KL _PbXTUJ] PY`[R\I_R^R] [PVL_gX -9KA=>1 GHC=K945
@L\ZbJ \PfWL_Z]
i " /
>INT^_R ^`XZVTUJ
^`XOPOPWIXR T^bf]
\PfWL_Z]
#
;^bf] WTU\ZU`WH_dX
# B`bXe_R_L WTU\ZU`WH_dX
/
4^aHVPTL
PVHb
7TL^_H^PT] D-@-5
i B`^UP`J
- - $)
i Fg\Z] WLNPT\IWL_Z]
- - $)
0VPNbZ] "
XLT
BJWL XLT
;hgR Z fhf]XhR T`gTcb]dS`XgT\ fgb cdoghcb R ! ?S`T\ Q`T cdbmo` gZe b_PWTe gPaZ H_PWT fZ_TS`X\ og\ WZ_\bhdVbp`gT\ _\]db]p_TgT _X
f]bco gZ [Qd_T`fZ gl` gdbiS_l`
LPaZ WZ^q`X\ og\ Z fhf]XhR XS`T\ ]TgP^^Z^Z V\T
b\]\T]R jdRfZ
C>=@1GH;>5A 7=5 9G1F GHC 8=>N
@5F 9E75GH3E=C @579=E=>3F
?Wq [T UdXSgX _\T Xc\^bVR Tco iTVZgP ]T\ g\e
T`gSfgb\jXe \WT`\]Qe dh[_SfX\e KTe WXSj`bh_X cb\T
UT[_SWT \fjpbe _\]db]h_Pgl` XS`T\ ]TgT^^Z^ogXdZ V\T
gb iTVZgo fTe BT UdXSgX fh_Ubh^Qe V\T gT _TVX\d\]P
f]XpZ ]T\ V\T gZ` cdbXgb\_TfST
.DC894B9=F
H\ g\_Qe gl` c\`P]l` \fjpbh` cP`gbgX V\T gZ`
gbcb[QgZfZ fX ]dpb ]T\ PWX\b jqdb _TVX\dQ_Tgbe
Idb[Xd_P`XgX _o`b ogT` T`TiQdXgT\ fgbhe cS`T]Xe
Id\` gZ jdRfZ Tcb_T]dp`XgX o^T gT XaTdgR_TgT Tco
gb jqdb _TVX\dQ_Tgbe gT bcbST WX jdX\PYXfgX
H\ g\_Qe gbh jdo`bh fgbhe cS`T]Xe XS`T\ X`WX\]g\]Qe
g\_Qe ;hgQe XaTdgq`gT\ Tco gZ` cb\ogZgT ]T\ gZ
fpfgTfZ gl` gdbiS_l`
OdZf\_bcb\RfgX gT fh_cTdTW\Wo_X`T XaTdgR_TgT
Idof[XgT XaTdgR_TgT _cbdXSgX `T gT cdb_Z[XhgXSgX
le X\W\]P XaTdgR_TgT fgT X\W\]P ]TgTfgR_TgT R fgZ`
hcZdXfST gXj`\]Re XahcZdQgZfZe cX^Tgq`
OdZf\_bcb\XSgX cP`gbgX c\PfgdXe ogT` [Q^XgX `T
UVP^XgX ]ThgP XaTdgR_TgT R _TVX\d\]P f]XpZ Tco gb
jqdb _TVX\dQ_Tgbe
(9D17M@5
:2GH5@5 >5=
@5794E9@5 @9
@=>EC>O@5H5
Kgbhe T]o^bh[bhe cS`T]Xe [T UdXSgX cb^^Qe
Wh`TgogZgXe ]T\ g\_Qe dp[_\fZe V\T gb ibpd`b
_\]db]h_Pgl`
H\ g\_Qe gbh jdo`bh fgbhe cS`T]Xe XS`T\ X`WX\]g\]Qe
g\_Qe ;hgQe b\ g\_Qe XaTdgq`gT\ Tco gb _TVX\d\]o
f]Xpbe gZ` cb\ogZgT gZ [Xd_b]dTfST ]T\ gZ fpfgTfZ
gl` gdbiS_l`
Kgbhe cS`T]Xe WS`b`gT\ cb^^Qe ibdQe cXd\bjQe
jdb`\]Re W\Pd]X\Te Jh[_SfgX cdqgT gb _\]dogXdb
jdo`b ]T\ cTdTgXS`XgQ gb` XP` XS`T\ TcTdTSgZgb
FcbdXS `T fh_UXS `T QjXgX W\TibdXg\]Qe cbfogZgXe
Tc ThgQe cbh T`TiQdb`gT\ fgbhe cS`T]Xe
=\T gb f]bco Thgo` hcPdjX\ Q`Te cdT]g\]oe ]T`o`Te
>\c^Pf\T cbfogZgT
cXdScbh W\c^Pf\T jdb`\]R
W\Pd]X\T _\fR cbfogZgT _\fR jdb`\]R W\Pd]X\T
?`W\P_XfT cdQcX\ `T T`T]TgQkXgX R `T VhdSfXgX gT
iTVZgP cXd\ffogXdXe ibdQe ?^QVjXgX gZ [Xd_b]dTfST
Lbcb[XgRfgX gT ]TgXkhV_Q`T gdoi\_T f Q`T T`b\jgo
WbjXSb cP`l fgb` cPgb gbh jqdbh _TVX\dQ_Tgbe
(9D17M@5
=hdSfgX R T`T]TgQkgX gT iTVZgP X`W\P_XfT t ibdQe LT _XVP^T ]b__Pg\T cdQcX\ `T gT VhdSfXgX
cb^^Qe ibdQe
DTgP gb aXcPVl_T gbh ]dQTgbe gl` cbh^Xd\]q` R
gl` kTd\q` WZ_\bhdVXSgT\ hVdo DTgP gb Vpd\f_T
Tcb_T]dp`XgX Thgo gb hVdo ]T\ fX ]T_ST cXdScglfZ
_Z` gb jdZf\_bcb\RfXgX R _Z` gb TiRfXgX `T Qd[X\ fX
XcTiR _X P^^T gdoi\_T
;iRfgX gT aXcTVl_Q`T gdoi\_T `T ZdX_Rfbh` T]o_T
t s^XcgP fX [Xd_b]dTfST cXd\UP^^b`gbe V\T gZ`
Xa\fbddocZfZ gZe [Xd_b]dTfSTe KgT cbh^Xd\]P
_cbdXSgX _XgP `T UVP^XgX gT X`gof[\T
(,3- -
,04+ %"#*(#.%-2& *3&(+ $)-
)('"+
<\IL] ^ IXL UZWWH_T
'
MZOTXe bZT\TXe WZ^bH\T '
WP ULT bd\K] UeULVZ
'
# # i
# # i # # i 6`\K^_P _Z [ZVVI] aZ\I]
<\IL] ^P UZWWH_TL J
^P aI_P] MZOTXe
bZT\TXe WZ^bH\T
'
'
'
# i # i # i # i # i # i <L_H _Z Nf\T^WL bd\KQP_P
_L UZWWH_TL WP_LYf _Z`]
<TWH] LXHWPTU_Z]
'
'
'
# # i # # i # # i <L_LcfbP_P _ZX UTWH ^P
[VL_TH UZWWH_TL WP e^Z _Z
O`XL_e WTU\e_P\Z [HbZ]
6`\KQP_P _ZX UTWH
PXOTHWP^L [ZVVI] aZ\I]
ULT L[ZWLU\fXP_P _Z JOR
YP[LNdWIXZ U\IL]
@Z`VP\TUH J UZWWH_TL
[Z`VP\TUgX
'
'
# # i
# # i 6`\K^_P _Z [ZVVI] aZ\I]
GH\T
aTVI_Z W[\TQeVP]
cL\TZf aI_P]
'
# # i Fd\KQP_P _L YP[LNdWIXL
UZWWH_TL WP_LYf _Z`]
(,3- -
,04+ %"#*(#.%-2& *3&(+ $)-
)('"+
GH\T ZVeUVR\Z
'
'
# # i
# # i 6`\K^_P _Z PXOTHWP^L
=LbLXTUH [
b
W[TQIVTL
'
# i E\Zf_L
[
b
ML_eWZ`\L
'
'
# i # # i 4XLUL_PfP_P _L a\Zf_L
PXOTHWP^L [\Z^PU_TUH ULT
YPbd\KQP_P _L YP[LNdWIXL
UZWWH_TL WP_LYf _Z`]
5Zf_`\Z
'
'
# # i # # i 4aLT\I^_P PX_PVg] _R
^`^UP`L^KL
GdWK ZVeUVR\Z
'
'
# # i
# # i 6`\K^_P _Z PXOTHWP^L
6V`UH ^_PNXH
[
b
UITU
'
'
# i # # i <L_H _Z Nf\T^WL bd\KQP_P
_L UZWWH_TL _Z` NV`UZf
WP_LYf _Z`]
>eXZ NTL
NV`UH bd\K] NVH^Z ^LX_TNK
J U\IWL
6V`UH QZ`WP\H
[
b
NV`Ue a\Zf_dX
_Zf\_L W`QJS\L]
'
'
# # i # # i >eXZ NTL NV`UH bd\K]
NVH^Z J QPVL_KXL
(9D17M@5 :2GH5@5 3
@5794E9@5 >5H9LI7@2AMA
J57;HPA
Lbcb[XgRfgX gb _TVX\d\]o f]Xpbe fgb` cPgb gbh
jqdbh _TVX\dQ_Tgbe
DT^pcgXgX cP`gbgX gT iTVZgP ?P` WX` QjXgX Q`T
]TgP^^Z^b ]TcP]\ V\T gb f]Xpbe fTe jdZf\_bcb\RfgX
Q`T c\Pgb R X\W\]R _X_UdP`Z V\T _\]db]p_TgT
;iT\dQfgX gT Qgb\_T iTVZgP Tco gZ fhf]XhTfST KX
_TVX\d\]o f]Xpbe ]TgP^^Z^b V\T _\]db]p_TgT
YXfgTS`b`gT\ gT iTVZgP VdZVbdogXdT ]T\ b_b\o_bdiT
LT W\TibdXg\]P fhfgTg\]P gbh iTVZgbp WX YXfgTS`b`gT\
gb SW\b VdRVbdT
LT ^XcgP iTVZgP _TVX\dXpb`gT\ VdZVbdogXdT Tco gT
jb`gdP =\ Thgo ]TgT`Q_XgX gT iTVZgP _QfT fgb
f]Xpbe fX _\]do ]TgP gb Wh`Tgo` pkbe
?`W\P_XfT cdQcX\ `T T`T]TgQkXgX R `T VhdSfXgX gT
iTVZgP t ibdQe
FXgP gb YQfgT_T TiRfgX gT iTVZgP `T ZdX_Rfbh`
T]o_T t s^XcgP V\T gZ` Xa\fbddocZfZ gZe
[Xd_b]dTfSTe
A jTdT]gZd\fg\]R VXpfZ gl` iTVZgq` W\TgZdXSgT\ fX
_XVP^b UT[_o =\ Thgo _cbdXSgX `T jdZf\_bcb\XSgX
b\]b`b_\]P gb T^Pg\ ]T\ gT _cTjTd\]P
(,3- -
,04+ %"#*(#.%-2& *3&(+ $)-
>PXZf aLNR_e WP\KOL] I_ZTWZ
aLNR_e i^`^_L_TUgX
i '
# i BZf[P]
'
# i ELNR_H UL_^L\eVL]
'
# i <\IL] ^P ^HV_^L [
b
NUZfVL]
'
# i <L_H _Z LXLUH_PWL
bd\KQP_P _L UZWWH_TL _Z`
U\IL_Z] WP_LYf _Z`]
GH\T [
b
UZWWH_TL aTVI_Z`
'
# i @\Z^SI^_P PXOPbZWIXd]
XP\e b`We VPWZXTZf J
U\L^K
BZ`aVI [
b
VLQHXTL
ULXXPVeXTL
'
# i @\e^SP_L
\fQT Q`WL\TUH
'
'
# i # i @\Z^SI^_P VKNZ `N\e
=LbLXTUH [
b
W[TQIVTL
W[\eUZVZ UL\e_L
'
'
# i # i @\Z^SI^_P ^_Z WLNPT\TUe
^UPfZ] XP\e g^[Z` XL
ULV`aSPK Z [H_Z]
4VP^WIXZ ^[LXHUT
'
# i >LNPT\Ic_P _Z bd\K]
[\e^SP_Z XP\e
!2GH5@5 J57;HPA
)('"+
Lbcb[XgRfgX gb _TVX\d\]o f]Xpbe fgb` cPgb gbh
jqdbh _TVX\dQ_Tgbe
DT^pcgXgX cP`gbgX gT iTVZgP ?P` WX` QjXgX Q`T
]TgP^^Z^b ]TcP]\ V\T gb f]Xpbe fTe jdZf\_bcb\RfgX
Q`T c\Pgb R X\W\]R _X_UdP`Z V\T _\]db]p_TgT
;iT\dQfgX gT Qgb\_T iTVZgP Tco gZ fhf]XhTfST KX
_TVX\d\]o f]Xpbe ]TgP^^Z^b V\T _\]db]p_TgT
YXfgTS`b`gT\ gT iTVZgP VdZVbdogXdT ]T\ b_b\o_bdiT
LT W\TibdXg\]P fhfgTg\]P gbh iTVZgbp WX YXfgTS`b`gT\
gb SW\b VdRVbdT
DTgP gb YQfgT_T gl` hVdq` gbcb[XgXSgX cP`gbgX _QfT
fgb WbjXSb Q`T ]bhgP^\ V\T `T TcbipVXgX gZ`
Xc\UdPWh`fZ gbh UdTf_bp KX cXdScglfZ Xc\UdPWh`fZe
gb UdTf_bp Xc\ghVjP`XgT\ Z [Xd_b]dTfST UdTf_bp
jldSe `T T`XUTS`bh` b\ jTdT]gZd\fg\]Qe ihfT^SWXe
Tg_bp 8WZ Z cTdT_\]dR Wo`ZfZ gbh WbjXSbh _cbdXS
`T bWZVRfX\ fX aTi`\]R hcXdjXS^\fZ ]T\ fX c\gf\^Sf_TgT
gbh ]Thgbp hVdbp ;hgo _cbdXS `T cdb]T^QfX\
gdTh_Tg\f_bpe ]T\ XV]Tp_TgT
?`W\P_XfT cdQcX\ `T T`T]TgQkXgX R `T VhdSfXgX gT
iTVZgP cXd\ffogXdXe ibdQe ?^QVjXgX gZ [Xd_b]dTfST
FXgP gb YQfgT_T TiRfgX gT iTVZgP `T ZdX_Rfbh` V\T
Qle ^XcgP V\T gZ` b_b\o_bdiZ ]TgT`b_R gZe
[Xd_b]dTfSTe
(,3- -
>PXZf aLNR_e WP\KOL]
I_ZTWZ aLNR_e
i^`^_L_TUgX
@Z_H
,04+ %"#*(#.%-2& *3&(+ $)-
# i )(
)(
)(
# 2 i # i # i 5\PaTUI] _\ZaI] [
b
)(
W[Z`UHVTL NTL _Z NHVL _dX )(
M\PagX
)(
# 2
# 2 i i BZf[P] aVT_QHXT
aVT_QHXTL
'
'
# i # i <\IL] ^P ^HV_^L
'
# i ELNR_e UL_^L\eVL]
=LbLXTUH WP\KOL
WP\KOP]
)('"+
'
'
'
'
#
#
#
#
i
i
i
i
CZ[ZSP_J^_P IXL UZ`_HVT WI^L
^_Z OZbPKZ
>RX
`[P\SP\WLKXP_P _L
ZTXZ[XP`WL_gOR [Z_H
8VINbP_P PXOTHWP^L
Fd\K] SJVL^_\Z J UL[HUT
>P_H _Z QI^_LWL UZ`XH_P
[HX_Z_P _Z W[Z`UHVT ULVH
8VINbP_P Z[d^OJ[Z_P _R
SP\WZU\L^KL
Fd\KQP_P _T] aI_P] _Z`
U\IL_Z] WP_LYf _Z`]
&5794E9@5 J57;HPA
LT ^XcgP iTVZgP _TVX\dXpb`gT\ VdZVbdogXdT Tco gT
jb`gdP =\ Thgo ]TgT`Q_XgX gT iTVZgP _QfT fgb
f]Xpbe fX _\]do ]TgP gb Wh`Tgo` pkbe
FTVX\dXpXgX gT iTVZgP fX ]^X\fgo _TVX\d\]o f]Xpbe
LT iTVZgP cdQcX\ X`W\P_XfT `T T`T]TgXhgbp` R `T
VhdSfbh`
A jTdT]gZd\fg\]R VXpfZ gl` iTVZgq` W\TgZdXSgT\ fX
_XVP^b UT[_o =\ Thgo _cbdXSgX `T jdZf\_bcb\XSgX
b\]b`b_\]P gb T^Pg\ ]T\ gT _cTjTd\]P
FXgP gb _TVXSdX_T TiRfgX gT iTVZgP `T ZdX_Rfbh`
V\T Qle ^XcgP V\T gZ` b_b\o_bdiZ ]TgT`b_R gZe
[Xd_b]dTfSTe
(,3- -
,04+ %"#*(#.%-2& "*#" , $)-
)('"+
?VeUVR\Z UZ_e[Z`VZ
a\I^UZ bd\K]
PX_e^STL
N\
# i VP[_H
6`\K^_P _Z WP_H _RX
[L\IVP`^R _Z` WT^Zf
b\eXZ`
ETVI_Z cL\TZf
a\I^UZ
N\
# i VP[_H
GR_e] UTWH]
N\
# i VP[_H
F\R^TWZ[ZTJ^_P _R ^bH\L
d]P[TaHXPTL PXL[eSP^R]
@\Z^SI^_P UZ`_LVTI]
XP\e
=LbLXTUH a\I^UL
N\
N\
# i VP[_H
# i VP[_H
<ec_P _L VLbLXTUH ^P
ZWZTeWZ\aL WPNHVL UZWWH_TL
BP UHSP N\
VLbLXTUH
[\Z^SI^_P i UZ`_LVTI]
XP\e
N\
N\
N\
# i VP[_H
# i VP[_H
# i VP[_H
<ec_P _T] [L_H_P] ^P
UZWWH_TL KOTZ` WPNISZ`]
BPUHSP N\
[\Z^SI^_P
iUZ`_LVTI] XP\e
LXLUL_Ic_P
N\
N\
# i # i VP[_H
# i # i VP[_H
@\Z^SI^_P _R OT[VH^TL
[Z^e_R_L `N\Zf
@\e^SP_L [
b
@L_H_P]
AfQT
(,3- -
,04+ %"#*(#.%-2& "*#" , $)-
)('"+
6V`UH aLNR_H [
b
@Z`_KNUL
U\fL[L\L^UP`J
)(
# i VP[_H
E\Zf_L UZW[e^_L
N\
# i VP[_H
4XZTb_e WLNPT\TUe ^UPfZ]
4XLUL_Ic_P _RX [Z`_KNUL WP
_Z b_`[R_J\T PXOTHWP^L ULVH
i aZ\I]
,I@6CI?2F
GK9H=>1 @9 H5
@=>EC>O@5H5
! *- #&& ,-("0(
*4!%", + " - & )(,3- - -(.
/ -(4 )(. -("%,-
4`YHXP_P J WPTgXP_P _T] OTH\UPTP] cR^KWL_Z] ^fWadXL WP _ZX
LUeVZ`SZ [\LU_TUe ULXeXL
7T[VH^TL [Z^e_R_L
^bPOeX OT[VH^TZ] b\eXZ]
WT^J [Z^e_R_L
WT^e] b\eXZ]
( / -3 ,-&2, )($4
A`SWK^_P _RX P[eWPXR aZ\H IXL WTU\e_P\Z b\eXZ WLNPT\IWL_Z]
J P[TVIY_P WTL bLWRVe_P\R T^bf WTU\ZU`WH_dX
BUP[HQP_P _Z
aLNR_e ULT [\Z^SI_P_P [P\T^^e_P\Z `N\e
- - & )*$., -(. 0*3&(.
-( / -3 & ')2, ,-! # & 1! #
A`SWK^_P [P\T^^e_P\Z b\eXZ
?T WPNLVf_P\P] [Z^e_R_P] ULT _L
bZX_\H aLNR_H b\PTHQZX_LT [P\T^^e_P\Z
- - & )*$., -(. 0*3&(.
%"*%-(+ -( / -3 &"
'2-*"# )($4 ,-3 ,- %,
3%2+ & &" #3% -("%(
4XLUL_PfP_P PXOTHWP^L ULT P[TVIY_P _RX P[eWPXR aZ\H WTL
bLWRVe_P\R T^bf ULT WTL WPNLVf_P\R OTH\UPTL
- -( ')2% -( )(.$*"#3 -( #*+ &" '2-*"# %"*%&( $$ ,- %, &
0" #3% ')5,"
8[TVIY_P _RX P[eWPXR aZ\H WTL WTU\e_P\R T^bf WTU\ZU`WH_dX
8HX IbP_P _\eaTWL NTL YP[HNdWL WPNHVR] [Z^e_R_L] N`\K^_P _L
[ZVVI] aZ\I]
/57;H1 8C>=@PA >5H1 A cb\ogZgT ]T\ Z ^X\gbhdVST gl` fhf]Xhq`
_\]db]h_Pgl` X^QVjb`gT\ Tco gT XdVTfgRd\T Wb]\_q`
_X UPfZ ThgP gT iTVZgP
&5794E9@5 @9
@=>EC>O@5H5 GN?C
-3
,04+ %"#*(#.%-2& "*#" , $)-
)('"+
>PKNWL L`NgXiNHVLU_Z]
N\
# VP[_H #
iVP[_H
Ee\WL [`\IY
@LX_P^[HXT N\
# iVP[_H
Ee\WL [`\IY L $)
GR_e] UTWH] N\
# iVP[_H
>LU\e^_PXR ae\WL [`\IY
WJUZ]$)
F\R^TWZ[ZTPK_P _R ^bH\L d] P[TaHXPTL PXL[eSP^R] NTL _Z WLNPT\TUe ^UPfZ]
(9D17M@5 @9
@=>EC>O@5H5 GN?C
-3
,04+ %"#*(#.%-2& "*#" , $)-
)('"+
<\IL] N\
@\eN\LWWL N\
J # VP[_H # iVP[_H
Ee\WL [`\IY L $)
@A6:.1<
. 0962;A2
.
. .1>B6?61< B; ;B2C< :60?<<;1.@ 12 $233 $<@ 4B@A.?P.
.4?.1202?92 9. 0<;36.;G. 12=<@6A.1. 2; ;<@<A?<@ F 2@=2?.:<@
>B2 16@3?BA2 129 =9.02? 12 0<06;.? 0<; 2@A2 ;B2C< 6;4?2162;A2
3B;1.:2;A.9 2; @B 0<06;. 1B?.;A2 :B05< A62:=<
"2 ?20<:2;1.:<@ 922? 2@A.@ 6;@A?B006<;2@ 12 B@< 0<; 29 36;
12 .=?<C205.? .9 :NE6:< 9.@ [email protected]<;2@ AO0;60.@ 129
:60?<<;1.@
?.06.@ . @B 12A.99.1< P;1602 2;0<;A?.?N ?N=61.:2;A2
0B.9>B62? 6;3<?:.06R; ;202@.?6.
12:N@ @2 6;09BF2; ;<A.@ 6:=<?A.;A2@ 2; :.A2?6. 12 @24B?61.1
<;<02?N 2; 12A.992 A<1.@ 9.@ =.?A2@ 12 @B ;B2C< .=.?.A<
=?2;12?N . ?2.96G.? 9<@ .7B@A2@ =.@< . =.@<
; 9.@ A./9.@ =<1?N 0<;@B9A.? 9<@ C.9<?2@ 12 .7B@A2 ;202@.?6<@ =.?.
=?2=.?.? 9<@ =9.A<@ :N@ 5./6AB.92@ )<1<@ 2@A<@ =9.A<@ 5.; @61<
=?</.1<@ 2; ;B2@A?< 2@AB16< 12 0<06;.
; 0.@< 12 >B2 @B?7. .94B;. 6;0612;06. .>BP 364B?.; 9.@ 6;3<?:.06<;2@
;202@.?6.@ =.?. @<9B06<;.? 9.@ =2>B2Q.@ .C2?P.@
@=2?.:<@ >B2 16@3?BA2 0<06;.;1<
76;-61,7
76:-27: @ ),=-9;-6+1): ,- :-/<91,), ;A2@ 129 :<;A.72 <;@27<@ F .1C2?A2;06.@ =.?. @B @24B?61.1 <;@27<@ F .1C2?A2;06.@ @</?2 29 :60?<<;1.@ .B@.@ 12 9<@ 1.Q<@ 41516)+1G6 ,- 9-:1,<7: 9-:8-;<7:)
+76 -4 5-,17 )5*1-6;- #< 6<-=7 )8)9);7 &.;29 12 :.;1< 92:2;A<@ 12 :.;1< 002@<?6<@ <:=.?A6:2;A< 12 0<006R; 6;-: ,-4 8915-9 <:7 7B@A.? 9. 5<?. "6:=62G. =?2C6. 12 9<@ .002@<?6<@ 6+-6,-9 @ )8)/)9 -4 )8)9);7 4 51+9776,): <;@27<@ F .1C2?A2;06.@ 12 9<@ ?206=62;A2@ $6C292@ 12 =<A2;06. 129 :60?<<;1.@ &?<4?.:.? 29 :60?<<;1.@ <6+176)51-6;7 :-+<-6+1)4 &?<4?.:.? 29 3B;06<;.:62;A< @20B2;06.9 !97/9)5) )<;75C;1+7 (292006<;.? 29 =?<4?.:. <;@27<@ F .1C2?A2;06.@ @</?2 29
=?<4?.:. .BA<:NA60< 76;-61,7
-5791) B.?1.? 0<;364B?.06<;2@ 2; 9. :2:<?6. 0A6C.? :2:<?6. "-472 -4-+;9G61+7 &.;A.99. 12 9. 5<?. )2:=<?6G.1<? B?.06R; 12 3B;06<;.:62;A< 7B@A.? 9. 5<?. 7,1.1+)9 47: )2<:;-: *C:1+7: 7B@A2@ /N@60<@ <1,),7: @ 41581-A) &?<1B0A<@ 12 96:=62G. =-9E): @ 9-8)9)+176-: )./9. 12 .C2?P.@ #-9=1+17 ,- :1:;-6+1) $D+61+) .A<@ AO0;60<@ #75-;1,7: ) <6 91/<97:7 +76;974
-6 6<-:;97 -:;<,17 ,- +7+16) 2@0<;429.? 0.92;A.? F 0<02? 0<; 29 :60?<<;1.@ <;@27<@ =?N0A60<@ =.?. B@.? 29 :60?<<;1.@ 751,): ,- 89<-*) :-/H6 76:-27: @ ),=-9;-6+1): ,:-/<91,),
"2 ?20<:2;1.:<@ 922? 0<; .A2;06R; 9.@ @64B62;A2@
6;@A?B006<;2@ 12 B@< (<9< .@P @2 =B212 :.;27.? 29
.=.?.A< 12 3<?:. 0<??20A. F @24B?.
<;@2?C.? 9.@ 6;@A?B006<;2@ 12 B@< F :<;A.72 ;
0.@< 12 A?.@=.@.? 29 .=.?.A< 12/2 6;09B6?@2 29 :.;B.9
0<??2@=<;162;A2
6;-: ,-4 576;)2)F7: ,-91=),7:
,-4;9)6:879;-
9 12@2:/.9.? 29 .=.?.A< 12/2 0<:=?</.?@2 @B
[email protected]< 9 .=.?.A< ;< 12/2 0<;20A.?@2 2; 0.@< 12
5./2? @B3?61< 1.Q<@ 1B?.;A2 29 A?.;@=<?A2
76-?1G6 -4D+;91+)
". 0<;2E6R; 129 .=.?.A< 12/2 ?2.96G.?@2
2E09B@6C.:2;A2 =<? B; AO0;60< 2@=206.96@A.
.BA<?6G.1< ". 4.?.;AP. ;< 0B/?2 9<@ 1.Q<@ >B2 @2
=?<1BG0.; 0<:< 0<;@20B2;06. 12 B;. 0<;2E6R;
6;0<??20A. 129 .=.?.A<
6:;)4)+1G6 @ +76-?1G6
)2;2? 2; 0B2;A. 9.@ 6;@A?B006<;2@ 2@=206.92@ 12
:<;A.72
76:-27: @
),=-9;-6+1): 8)9)
:< :-/<91,),
@A2 .=.?.A< 5. @61< [email protected]< 2E09B@6C.:2;A2 =.?.
@B B@< 1<:O@A60< *A696G.? 29 .=.?.A< S;60.:2;A2 =.?.
9. =?2=.?.06R; 12 .96:2;A<@
"<@ ;6Q<@ F .1B9A<@ ;< 12/2; :.;27.? 29 .=.?.A< @6;
C6469.;06.
2; 0.@< 12 >B2 @B3?.; .94B;. 16@:6;B06R; 12 @B@
0.=.061.12@ 3P@60.@ < :2;A.92@ <
2; 0.@< 12 >B2 ;< A2;4.; 9<@ 0<;<06:62;A<@ < 9.
2E=2?62;06. @B36062;A2 =.?. :.;27.? 29 .=.?.A< 12
3<?:. 0<??20A. F @24B?.
$< 127.? >B2 9<@ ;6Q<@ 7B24B2; 0<; 29 .=.?.A<
758)9;15-6;7 ,- +7++1G6
+)41-6;-
I&2964?< 12 >B2:.1B?.@
$< A<0.? 9.@ @B=2?36062@ 0.962;A2@ 12 9<@ .=.?.A<@
0.923.0A<?2@ F 12 0<006R; /?6? 9. =B2?A. 129
0<:=.?A6:2;A< 12 0<006R; 0<; 0B61.1< &B212 @.96?
C.=<? 0.962;A2 #.;A2;2? .927.1<@ . 9<@ ;6Q<@
=2>B2Q<@
I&2964?< 12 6;02;16<
$< 6;A?<1B06? </72A<@ 6;39.:./92@ 2; 29 0<:=.?A6:2;A<
12 0<006R;
$< ./?6? 9. =B2?A. 2; 0.@< 12 >B2 @.94. 5B:< 129
.=.?.A< =.4.? 29 .=.?.A< EA?.2? 29 2;05B32 <
12@0<;20A.? 29 3B@6/92 12 9. 0.7. 12 3B@6/92@
I&2964?< 12 0<?A<06?0B6A<
$< 367.? 0./92@ 12 0<;2E6R; 12 .=.?.A<@ 29O0A?60<@ . 9.
=B2?A. 0.962;A2 129 0<:=.?A6:2;A< 12 0<006R; 9
.6@9.;A2 129 0./92 =B212 12??2A6?@2
I&2964?< 12 >B2:.1B?.@
$< =?2=.?.? 0<:61.@ BA696G.;1< 4?.;12@ 0.;A61.12@
12 /2/61.@ .90<5R960.@ 12 .9A. 4?.1B.06R; "<@
C.=<?2@ 129 .90<5<9 =B212; 6;02;16.?@2 2; 29
0<:=.?A6:2;A< 12 0<006R; *A696G.? /2/61.@
.90<5R960.@ 12 .9A. 4?.1B.06R; @<9< 2; =2>B2Q.@
1<@6@ F ./?6? 9. =B2?A. 129 0<:=.?A6:2;A< 12 0<006R;
0<; 0B61.1<
++-:7917: +)41-6;-:
I&2964?< 12 >B2:.1B?.@
$< 2EA?.2? 9<@ .002@<?6<@ 0.962;A2@ 129 .=.?.A< @6;
BA696G.? .4.??.1<?2@
!<-9;) 7 2<6;) ,- 4) 8<-9;)
,-4 +758)9;15-6;7 ,+7++1G6 ,-;-9179),)
I&2964?< 12 ?62@4<@ 6:=<?A.;A2@ =.?. 9. @.9B1
$< BA696G.? 29 .=.?.A< @6 9. =B2?A. < 9. 7B;A. 12 9. =B2?A.
129 0<:=.?A6:2;A< 12 0<006R; 2@AN 1.Q.1. &B212
=?<1B06?@2 B; 2@0.=2 12 2;2?4P. 12 :60?<<;1.@ 9
.=.?.A< =B212 C<9C2?@2 . BA696G.? B;. C2G @2 5.F.
?2=.?.1<
#<8-9.1+1-: 7?1,),):
I&2964?< 12 ?62@4<@ 6:=<?A.;A2@ =.?. 9. @.9B1
(6 9. @B=2?36062 129 .=.?.A< ;< @2 96:=6. 0<??20A.:2;A2
=B212 <E61.?@2 0<; 29 =.@< 129 A62:=< &B212
=?<1B06?@2 B; 2@0.=2 12 2;2?4P. 12 :60?<<;1.@
"6:=6.? 29 .=.?.A< 0<; ?24B9.?61.1
)9+):) )*1-9;)
I&2964?< 12 12@0.?4. 29O0A?60.
$< ?2A6?.? 9. 0.?0.@. 129 .=.?.A< 9 .=.?.A< 3B;06<;.
0<; .9A. A2;@6R;
I&2964?< 12 ?62@4<@ 6:=<?A.;A2@ =.?. 9. @.9B1
$< ?2A6?.? 9. 0.?0.@. 129 .=.?.A< C6A. 2@0.=2@ 12
2;2?4P. 12 :60?<<;1.@
6;7967 +)41-6;- 7 0H5-,7
I&2964?< 12 0<?A<06?0B6A<
$< 2E=<;2? 29 .=.?.A< . 3B2;A2@ 6;A2;@.@ 12 0.9<? F
5B:21.1
"-8)9)+176-: 16),-+<),):
I&2964?< 12 12@0.?4. 29O0A?60.
".@ ?2=.?.06<;2@ 6;.120B.1.@ @<; =2964?<@.@
M;60.:2;A2 9<@ AO0;60<@ 12 ;B2@A?< (2?C606< 12
@6@A2;06. )O0;60. 12/61.:2;A2 6;@A?B61<@ 2@AN;
.BA<?6G.1<@ =.?. ?2.96G.? ?2=.?.06<;2@ F 0.:/6.? 29
0./92 12 @B:6;6@A?< 12 2920A?6061.1
$< ./?6? ;B;0. 9. 0.?0.@. 129 .=.?.A< 9 .=.?.A<
3B;06<;. 0<; .9A. A2;@6R; ". 0.?0.@. 2C6A. 2@0.=2@
12 2;2?4P. 12 :60?<<;1.@
; 0.@< 12 >B2 29 .=.?.A< 2@AO 12320AB<@<
12@0<;20A.? 29 3B@6/92 12 9. 0.7. 12 3B@6/92@ <
12@2;05B3.? 29 .=.?.A< &<;2?@2 2; 0<;A.0A< 0<; 29
(2?C606< 12 @6@A2;06. )O0;60.
76:-27: @
),=-9;-6+1): :7*9-4 51+9776,):
!9-8)9)+1G6 ,- )415-6;7:
I&2964?< 12 6;02;16<
*A696G.? 29 :60?<<;1.@ 2E09B@6C.:2;A2 =.?. 9.
=?2=.?.06R; 12 .96:2;A<@ .=?<=6.1<@ =.?. 29
0<;@B:< %A?.@ .=960.06<;2@ =B212; ?2@B9A.?
=2964?<@.@ F <0.@6<;.? 1.Q<@
&<? 272:=9< 2; 0.@< 12 0.92;A.? .9:<5.1699.@
?2992;.@ 12 @2:699.@ < 4?.;<@ 2@A.@ =B212;
6;02;16.?@2 6;09B@< .9 0./< 12 B;.@ 5<?.@
"-+181-6;-:
I&2964?< 12 92@6<;2@
"<@ ?206=62;A2@ 12 =<?029.;. < 02?N:60. =B212;
=?2@2;A.? 36;<@ <?63606<@ 2; .@.@ F A.=.@ @A<@ <?63606<@
<0B9A.; 5B20<@ ". =<@6/92 5B:21.1 >B2 5.F.
=2;2A?.1< 2; 2@A<@ 5B20<@ =B212 5.02? [email protected].? 29
?206=62;A2
$< BA696G.? ?206=62;A2@ >B2 ;< @2.; .=A<@ =.?. 29
:60?<<;1.@
I&2964?< 12 >B2:.1B?.@
"<@ .96:2;A<@ 0.962;A2@ =B212; 0.92;A.? 29 ?206=62;A2
EA?.2? @62:=?2 9<@ ?206=62;A2@ < .002@<?6<@ 129
0<:=.?A6:2;A< 12 0<006R; 0<; B; .4.??.1<?
!7;-6+1) @ ;1-587 ,-4
51+9776,):
I&2964?< 12 6;02;16<
$< =?<4?.:.? 29 :60?<<;1.@ . B;. =<A2;06. <
1B?.06R; 12:[email protected]< 292C.1.@ "<@ .96:2;A<@ =B212;
6;02;16.?@2 F 1.Q.? 29 .=.?.A< (24B6? 9.@
6;160.06<;2@ 12 2@A.@ 6;@A?B006<;2@ 12 B@<
6=):-: @ -6=74;7917:
I&2964?< 12 6;02;16<
$< 0.92;A.? .96:2;A<@ 2; 2;C.@2@ 12 0<;@2?C.06R;
129 0.9<?
$< 0.92;A.? @6; C6469.;06. .96:2;A<@ 2; ?206=62;A2@ 12
=9N@A60< =.=29 B <A?<@ :.A2?6.92@ 6;39.:./92@
I&2964?< 12 >B2:.1B?.@
"<@ 2;C<9A<?6<@ @299.1<@ 12 .94B;<@ .96:2;A<@ =B212;
[email protected].? (24B6? 9.@ 6;160.06<;2@ 129 2;C<9A<?6< <
2;C.@2 EA?.2? @62:=?2 9<@ =9.A<@ 0<; B; .4.??.1<?
-*1,):
I&2964?< 12 >B2:.1B?.@
9 0.92;A.? 9P>B61<@ =B212 =?<1B06?@2 B; ?2A.?1< 12
2/B99606R; @A< >B62?2 1206? >B2 @2 =B212 .90.;G.? 9.
A2:=2?.AB?. 12 2/B99606R; @6; >B2 .=.?2G0.; 9.@
/B?/B7.@ 12 C.=<? 5./6AB.92@ *; 9642?< :<C6:62;A<
129 ?206=62;A2 2@ @B36062;A2 =.?. 5.02? >B2 29 9P>B61<
0.962;A2 2:=6202 12 ?2=2;A2 . 52?C6? F @.9=60.?
6;A2;@.:2;A2
9 0.92;A.? 9P>B61<@ 6;A?<1B06? @62:=?2 B;. 0B05.?. 2;
29 ?206=62;A2 2 2@A2 :<1< @2 2C6A.; 9<@ ?2A.?1<@ 12
2/B99606R;
I&2964?< 12 2E=9<@6R;
$< 0.92;A.? ;B;0. 9P>B61<@ B <A?<@ .96:2;A<@ 2;
?206=62;A2@ A.=.1<@
$< 0.92;A.? /2/61.@ .90<5R960.@ . A2:=2?.AB?.@
12:[email protected]< 292C.1.@
415-6;7: 8)9) *-*D:
I&2964?< 12 >B2:.1B?.@
$< 0.92;A.? .96:2;A<@ =.?. /2/O@ 2; ?206=62;A2@
A.=.1<@ '2A6?.? @62:=?2 9. A.=. < 9. A2A6;.
'2:<C2? < .46A.? /62; A?.@ 29 0.92;A.:62;A< 2 2@A2
:<1< 29 0.9<? @2 ?2=.?A2 B;63<?:2:2;A2
<;A?<9.? 9. A2:=2?.AB?. .;A2@ 12 .96:2;A.? .9 /2/O
415-6;7: +76 +C:+)9) 7
81-4
I&2964?< 12 >B2:.1B?.@
$< 0<02? 5B2C<@ 0<; 0N@0.?. $< 0.92;A.? 5B2C<@
1B?<@ &B212; ?2C2;A.? 6;09B@< B;. C2G 36;.96G.1< 29
3B;06<;.:62;A< 129 :60?<<;1.@ @A< A.:/6O; 2@
.=960./92 . 9<@ 0?B@AN02<@
<; 5B2C<@ 3?6A<@ < 5B2C<@ [email protected]<@ =<? .4B. 12/2
=6;05.?@2 =?2C6.:2;A2 9. F2:.
; 0.@< 12 .96:2;A<@ 0<; =629 1B?. 0<:< = 27
:.;G.;.@ A<:.A2@ =.A.A.@ < @.905605.@ 9. =629
=B212 ?2C2;A.? ;A2@ 12 0.92;A.? =6;05.? 9. 0N@0.?.
< 9. =629
#-+)9 )415-6;7:
I&2964?< 12 6;02;16<
$< @20.? .96:2;A<@ 0<; 29 :60?<<;1.@
415-6;7: +76 87+7
+76;-61,7 -6 )/<)
I&2964?< 12 6;02;16<
"<@ .96:2;A<@ 0<; =<0< 0<;A2;61< 2; .4B. 0<:< =
27 29 =.; ;< @2 12/2; 12@0<;429.? < 0.92;A.? .
12:[email protected]. =<A2;06. < 1B?.;A2 12:[email protected]< A62:=<
+-1;- ,- 5-:)
I&2964?< 12 6;02;16<
$< 0.92;A.? .026A2 12 :2@. 0<; 29 :60?<<;1.@
)<:): ,- 47:
,)F7:
/<) -6 -4 +758)9;15-6;7
,- +7++1G6 +)41-6;-
$< 12??.:.? .4B. 2; 29 0<:=.?A6:2;A< 12 0<006R;
0.962;A2 (2 3<?:.?N C.=<? 12 .4B. 9 0.:/6< 12
A2:=2?.AB?. =B212 <0.@6<;.? 1.Q<@ 2; 9. =9.0. /.@2
12 02?N:60.
6.91)9 +76 4) 8<-9;)
)*1-9;)
27.? 2;3?6.? 29 0<:=.?A6:2;A< 12 0<006R;
S;60.:2;A2 0<; 9. =B2?A. 02??.1. $< 367.? ;.1. . 9.
=B2?A. 129 .=.?.A< ;09B@< .B;>B2 @<9< >B212 B;.
?2;167. 12 9. =B2?A. ./62?A. 9<@ :B2/92@ 0<;A64B<@
=<1?P.; 1.Q.?@2 0<; 29 A62:=<
<6;) 5<@ :<+1)
(6 9. 7B;A. =?2@2;A. :B05. @B0621.1 9. =B2?A. 129
.=.?.A< ;< @2 02??.?N 0<??20A.:2;A2 "<@ 3?<;A.92@
129<@ :B2/92@ 0<;A64B<@ =B212; 12A2?6<?.?@2
#.;A2;2? @62:=?2 96:=6. 9. 7B;A.
<6+176)51-6;7 ,-4
51+9776,): :16 )415-6;7:
;02;12? 29 5<?;< @<9< @6 =?2C6.:2;A2 @2 5.;
6;A?<1B061< .96:2;A<@ 2; 29 0<:=.?A6:2;A< 12
0<006R; 9 .=.?.A< =<1?P. @</?20.?4.?@2 @6;
.96:2;A<@ ; A<1< 0.@< @2 =2?:6A2 B;. =?B2/.
/?2C212 9. C.7699. 41516)+1G6 ,- 9-:1,<7: 9-:8-;<7:) +76
-4 5-,17 )5*1-6;96:6;.? 29 2:/.9.72 12 3<?:. 20<9R460.
@A2 .=.?.A< 2@AN 612;A6360.1< 0<;3<?:2 . 9. 6?20A6C.
12 '2@61B<@ 12 =.?.A<@ 9O0A?60<@ F 920A?R;60<@
' D.@A2 2920A?60.9 .;1 2920A?<;60
2>B6=:2;A U,
@A. 16?20A6C. 1236;2 29 :.?0< 12 .0AB.06R; =.?. 9.
?2A6?.1. F 29 ?20609.72 12 .=.?.A<@ [email protected]<@ 2; A<1< 29
A2??6A<?6< 2B?<=2<
#< 6<-=7 )8)9);7
; 2@A2 0.=PAB9< @2 =?2@2;A. 6;3<?:.06R; @</?2
29 =.;29 12 :.;1<
9<@ 292:2;A<@ 12 :.;1<
9<@ .002@<?6<@
!)6-4 ,- 5)6,7
)4;>9 3868C0;
(>C4=280B 34; D=28>=0<84=C>
<82A>>=30B
B42D4=280;
+42;0 34 ;0B
5D=28>=4B 34 C84<?>
%0=3>
68A0C>A8>
!=C4AAD?C>A
?A8=28?0;
+42;0 34 ?A>6A0<0:6
;4<4=C>B
34 <0=3>
*4;42C>A 34 ?A>6A0<0B
4-5-6;7: ,5)6,7
"#$*%) #$%
*"04$
*4;4228>=0A ;0 ?>C4=280 34; <82A>>=30B 34 .
*4;4228>=0A ;0 ?>C4=280 34; <82A>>=30B 34 .
*4;4228>=0A ;0 ?>C4=280 34; <82A>>=30B 34 .
*4;4228>=0A ;0 ?>C4=280 34; <82A>>=30B 34 .
*4;4228>=0A ;0 ?>C4=280 34; <82A>>=30B 34 .
*4;4228>=0A 4; 5D=28>=0<84=C> B42D4=280;
+42;0 34 5D=28>=4B 34 C84<?>
*4;4228>=0A ;0 5D=28U= 34 C84<?> 34B4030
%0=3> 68A0C>A8>
>=586DA0A D=0 5D=28U= 34 C84<?>
!=C4AAD?C>A ?A8=28?0;
=24=34A H 0?060A 4; 0?0A0C>
*4;4228>=0A 4; ?A>6A0<0 0DC><OC82>
*4;42C>A 34 ?A>6A0<0B
*4;4228>=0A 4; ?A>6A0<0 > 4; ?4B>
(0A0 01A8A ;0 ?D4AC0 34; 0?0A0C>
(0A0 B4;4228>=0A D= <>3> 34 <4<>A80
(D;B028U= 1A4E4 8=8280A8=C4AAD<?8A 4; 5D=28>=0<84=C>
(D;B028U= ;0A60 20=24;0A 4; 5D=28>=0<84=C>
1=-4-: ,- 87;-6+1) ,-4
51+9776,): @ -4-5-6;7:
,- 5)6,7
B.;1< @2 =B9@. 0B.9>B62? A209. @2 69B:6;.
29 6;160.1<? 0<??2@=<;162;A2
)6,7: 9-;9C+;14-:
9 :.;1< 46?.A<?6< F 29 @2920A<? 12 =?<4?.:.@ @<;
?2A?N0A692@ &?2@6<;.? 29 0<??2@=<;162;A2 :.;1< =.?.
2;09.C.?9< < 12@2;09.C.?9<
++-:7917:
(B .=.?.A< 2@AN 2>B6=.1< 0<; 9<@ @64B62;A2@
.002@<?6<@
!)99144)
0<:< @<=<?A2 =.?. 29
?206=62;A2
758)9;15-6;7 ,+7++1G6
&-6;14),79
9 .=.?.A< 2@AN 2>B6=.1< 0<; B; C2;A69.1<? 9
C2;A69.1<? =B212 @24B6? 3B;06<;.;1< .B;>B2 F. @2
5.F. 12@0<;20A.1< 29 .=.?.A<
76:-27: @ ),=-9;-6+1):
B?.;A2 29 3B;06<;.:62;A< 129 :60?<<;1.@ 29
0<:=.?A6:2;A< 12 0<006R; =2?:.;202 3?P< 9
C2;A69.1<? @2 .0A6C. 64B.9:2;A2 &B212 @24B6?
3B;06<;.;1< 6;09B@< @6 29 :60?<<;1.@ F. ;< 2@AN 2;
3B;06<;.:62;A<
&B212 .=.?202? .4B. 0<;12;@.1. 2; 9. C2;A.;. 12 9.
=B2?A. 2; 9.@ =.?212@ 6;A2?6<?2@ F 2; 9. /.@2 (2 A?.A.
12 .94< ;<?:.9 F 29 3B;06<;.:62;A< 129 :60?<<;1.@ ;<
@2 C2 =2?7B160.1< "6:=62 29 .4B. 0<;12;@.1. A?.@ 9.
0<006R;
6;-: ,-4 8915-9 <:7
; 2@A2 0.=PAB9< @2 6;160.; 9<@ =.@<@ >B2 12/2;
@24B6?@2 .;A2@ 12 BA696G.? 29 .=.?.A< =<? =?6:2?. C2G
"22? .;A2@ 29 0.=PAB9< 0R:< .7B@A.? 9. 5<?. A?.@ 9. 0<;2E6R; 29O0A?60. 129
.=.?.A<
2<:;)9 4) 079)
; 9. =.;A.99. 12 9. 5<?. @2 69B:6;.; F 9<@
@P:/<9<@ 7B@A.? 9. 5<?. .0AB.9 0<; 29 :.;1< 46?.A<?6<
&B9@.? 9. A209. 12 9.@ 3B;06<;2@ 12 A62:=<
(2 5. .1<=A.1< 29 .7B@A2
7,1.1+)9 4) 079)
&.?. 0.:/6.? 9. 5<?. =B9@.? 9. A209. 12 9.@ 3B;06<;2@
12 A62:=< 5.@A. >B2 @2 2;062;1.; 9<@
@P:/<9<@ F .:/6.? 9. 5<?. .0AB.9 0<; 29
:.;1< 46?.A<?6<
7;)
&.?. ?21B06? 29 0<;@B:< 0B.;1< 29 .=.?.A< 2@AN 2;
29:<1< @A.;1 /F @2 =B212 .=.4.? 9. =.;A.99. 12 9.
5<?. <;@B9A.? .9 ?2@=20A< 29 0.=PAB9< 1581-A) 89-=1) ,47: )++-:7917:
;A2@ 12 BA696G.? 9<@ .002@<?6<@ 96:=6.?9<@ . 3<;1< 0<;
.4B. 0<; B; =<0< 12 7./R; F B; =.Q< 12 96:=62G.
6+-6,-9 @ )8)/)9 -4 )8)9);7
9 :60?<<;1.@ @2 2;062;12 F @2 .=.4. 0<; 29
6;A2??B=A<? =?6;06=.9
6+-6,-9
&B9@.? 29 6;A2??B=A<? =?6;06=.9
9 @P:/<9< @2 69B:6;. 9 .=.?.A< 2@AN 96@A< =.?. @B
3B;06<;.:62;A<
(292006<;.? B;. 3B;06R;
)209. < , =.?. 9. =<A2;06.
129 :60?<<;1.@
)209. B;06<;.:62;A< @20B2;06.9
)209. &?<4?.:. .BA<:NA60<
)209. &?<4?.:. 12 9. :2:<?6.
<;@B9A.? 9<@ 0.=PAB9<@ 0<??2@=<;162;A2@ =.?. :N@
6;3<?:.06R; @</?2 29 :<1< 12 =?<4?.:.?
8)/)9
&B9@.? 29 6;A2??B=A<? =?6;06=.9
9 .=.?.A< @2 .=.4. 9 @P:/<9< 12@.=.?202
4 51+9776,):
".@ :60?<<;1.@ @2 A?.;@3<?:.; 2; 0.9<? 12;A?< 12 9<@
.96:2;A<@ "2 =?2@2;A.:<@ A<1. 6;3<?:.06R;
;202@.?6. @</?2 ?206=62;A2@ F @</?2 0R:< =?<4?.:.?
29 :60?<<;1.@
7;)
; 29 0.=PAB9< 2;0<;A?.?N 272:=9<@ @</?2 0R:< 12@0<;429.?
0.92;A.? F 0<06;.? 0<; :60?<<;1.@
76:-27: @
),=-9;-6+1): ,- 47:
9-+181-6;-:
"-+181-6;-: )89781),7:
(<; .120B.1<@ 9<@ ?206=62;A2@ ?2@6@A2;A2@ .9 0.9<? 12
C61?6< C6A?<02?N:60. =<?029.;. 02?N:60. < =9N@A60<
?2@6@A2;A2 .9 0.:/6< 12 A2:=2?.AB?. @A<@ :.A2?6.92@
127.; =.@.? 9.@ :60?<<;1.@
).:/6O; =B212 BA696G.? ?206=62;A2@ =.?. @2?C6? @P ;<
A62;2 >B2 A?.@C.@.? 9<@ .96:2;A<@
*A696G.? ?206=62;A2@ 0<; 120<?.06R; 1<?.1. < =9.A2.1.
@R9< @6 29 3./?60.;A2 4.?.;A6G. >B2 @<; .=A<@ =.?.
:60?<<;1.@
"-+181-6;-: 67 ),-+<),7:
"<@ ?206=62;A2@ 12 :2A.9 ;< @<; .=A<@
9 :2A.9 ;< 127. =.@.? 9.@ :60?<<;1.@ ". 0<:61. 2;
?206=62;A2@ 12 :2A.9 02??.1<@ ;< @2 0.962;A.
B;-6+1G6 "<@ :2A.92@ U = 27 9. 0B05.?. 2; B;
C.@<U 12/2; 2@A.? @2=.?.1<@ .9 :2;<@ 0: 12 9.@
=.?212@ 129 5<?;< F 12 9. =.?A2 6;A2?6<? 12 9. =B2?A.
129 5<?;< ". 3<?:.06R; 12 056@=.@ =<1?P. 12@A?B6? 29
C61?6< 6;A2?6<? 12 9. =B2?A. 129 .=.?.A<
!9<-*) ,- 4) =)2144)
$< 2;062;1. ;B;0. 29 :60?<<;1.@ @6; .96:2;A<@ 2; @B
6;A2?6<? 0<; 2E02=06R; 12 9. =?B2/. 12 9. C.7699.
@64B62;A2
(6 ;< 2@AN @24B?< 12 @6 @B ?206=62;A2 2@ .120B.1<
=.?. 29 :60?<<;1.@ 2320AS2 29 @64B62;A2 A2@A
;A?<1B06? 29 ?206=62;A2 C.0P< 2; 29 .=.?.A< 1B?.;A2 K
5.@A. :6;BA< . 9. =<A2;06. :NE6:. <:=?</.?
0<;A6;B.:2;A2 9. A2:=2?.AB?. 9 ?206=62;A2 12/2?P.
2@A.? 3?P< < A2:=9.1< (6 @2 0.962;A. < @2 42;2?.;
056@=.@ ;< 2@ .120B.1< =.?. 29 :60?<<;1.@
1=-4-: ,- 87;-6+1)
,-4 51+9776,):
<; 9.@ A209.@ .7B@A.? 9. =<A2;06. 129 :60?<<;1.@
[email protected].
.
?0A0 34B2>=64;0A 0;8<4=C>B 34;8203>B
.
?0A0 34B2>=64;0A H 2>=C8=D0A ;0 2>228U=
.
?0A0 2>24A 20A=4 H ?0A0 20;4=C0A 0;8<4=C>B
34;8203>B
.
?0A0 20;4=C0A H 2>24A 0;8<4=C>B
.
?0A0 20;4=C0A ;S@D83>B
9 =B9@.? B;. A209. @2 69B:6;. 9. =<A2;06.
@292006<;.1.
7;)
". =<A2;06. 129 :60?<<;1.@ , @R9< @2 =<1?N
.7B@A.? =.?. B; :NE6:< 12 :6;BA<@ ; 29 ?2@A<
12=<A2;06.@ @2 =<1?N; .7B@A.? =?<4?.:.@ 0<; B;.
1B?.06R; 129 0609< 12 0<006R; 12 5.@A. :6;BA<@
!97/9)5)9 -4
51+9776,):
72:=9< =<A2;06. 129 :60?<<;1.@ , 1B?.06R;
129 0609< 12 0<006R; :6;BA<@
&B9@.? 29 6;A2??B=A<? =?6;06=.9
9 @P:/<9< @2 69B:6;. 9 .=.?.A< 2@AN 96@A< =.?.
@B 3B;06<;.:62;A<
&B9@.? 29 /<AR; 129 ;6C29 12 =<A2;06. 129
:60?<<;1.@ [email protected]<
(2 69B:6;. 9. =<A2;06. @292006<;.1. F @2 :B2@A?.
B;. 1B?.06R; ?20<:2;1.1.
7B@A.? 9. 1B?.06R; 129 0609< 12 0<006R; 0<; 29
:.;1< 46?.A<?6<
&B9@.? 9. A209. (2 6;606. 29 3B;06<;.:62;A< (2 :B2@A?. 29
A?.;@0B?@< 129 0609< 12 0<006R; =?<4?.:.1<
4 ;1-587 0) ;9)6:+<991,7
(B2;. B;. @2Q.9 9 3B;06<;.:62;A< 129 :60?<<;1.@
5. 36;.96G.1< 9 A<;< 12 .C6@< @2 =B212 .=.4.? 0<;
9.A209. 12 9.@ 3B;06<;2@ 12 A62:=< =.4.? 29
6;A2??B=A<? =?6;06=.9 < C<9C2? . =?<4?.:.? 29 .=.?.A<
*919 4) 8<-9;) ,-4 )8)9);7
,<9)6;- -4 .<6+176)51-6;7
9 3B;06<;.:62;A< @2 6;A2??B:=2 )?.@ 02??.? 9.
=B2?A. =B9@.? 9. A209. 9 3B;06<;.:62;A< @2
?2.;B1.
7,1.1+)9 4) ,<9)+1G6 ,-4
+1+47 ,- +7++1G6
(2 =B212 ?2.96G.? 2; 0B.9>B62? :<:2;A< #<16360.? 9.
1B?.06R; 129 0609< 12 0<006R; 0<; 29 :.;1< 46?.A<?6<
7,1.1+)9 4) 87;-6+1) ,-4
51+9776,):
&B9@.? 9. A209. 129 ;B2C< ;6C29 12 =<A2;06. 129
:60?<<;1.@ &?<4?.:.? 9. 1B?.06R; 129 0609< 12
0<006R; 0<; 29 :.;1< 46?.A<?6< F C<9C2? . 6;606.?
)6+-4)9 -4 .<6+176)51-6;7
#.;A2;2? [email protected]. 9. A209. 1B?.;A2 B;<@ @24B;1<@
F .=.4.? 29 6;A2??B=A<? =?6;06=.9
76:-27: @ ),=-9;-6+1):
B.;1< 29 .=.?.A< @2 2;062;12 0<; 9. A209. 2; 29
6;160.1<? @2 ?20<:62;1. @62:=?2 9. =<A2;06. :NE6:.
129 :60?<<;1.@
9 C2;A69.1<? @64B2 3B;06<;.;1< .B;>B2 @2 ./?. 9.
=B2?A. 129 .=.?.A<
<6+176)51-6;7 :-+<-6+1)4 ; 29 3B;06<;.:62;A< @20B2;06.9 @2 =B212;
=?<4?.:.? 5.@A. A?2@ =<A2;06.@ F A62:=<@ =.?.
29:60?<<;1.@
; 2@A2 0.=PAB9< @2 <3?202 6;3<?:.06R; @</?2 0R:<
=?<4?.:.? 29 3B;06<;.:62;A< @20B2;06.9
"-+181-6;-:
!97/9)5)9 -4
.<6+176)51-6;7
:-+<-6+1)4
4 ;1-587 0) ;9)6:+<991,7
*A696G.? @62:=?2 B; ?206=62;A2 ?2@6@A2;A2 .9 0.9<? F .=A<
=.?. 29 :60?<<;1.@
<;1606R; &B9@.? 29 6;A2??B=A<? =?6;06=.9 9 .=.?.A<
2@AN 96@A< =.?. @B 3B;06<;.:62;A<
&B9@.? 9. A209. (2 69B:6;. 29 @P:/<9< 0<??2@=<;162;A2 .9 =?6:2?
3B;06<;.:62;A< @20B2;06.9
&?<4?.:.? 29 =?6:2? ;6C29 12 =<A2;06. 129
:60?<<;1.@ F 9. 1B?.06R; 129 0609< 12 0<006R;
+<9C2? . =B9@.? 9. A209. (2 69B:6;. 29 @P:/<9< 0<??2@=<;162;A2 .9
@24B;1< 3B;06<;.:62;A< @20B2;06.9
&?<4?.:.? 29 @24B;1< ;6C29 12 =<A2;06. 129
:60?<<;1.@ F 9. 1B?.06R; 129 0609< 12 0<006R;
+<9C2? . =B9@.? 9. A209. (2 69B:6;. 29 @P:/<9< 0<??2@=<;162;A2 .9 A2?02?
3B;06<;.:62;A< @20B2;06.9
&?<4?.:.? 29 A2?02? ;6C29 12 =<A2;06. 129
:60?<<;1.@ F 9. 1B?.06R; 129 0609< 12 0<006R;
&B9@.? 9. A209. (2 6;606. 29 3B;06<;.:62;A< ; 29 6;160.1<?
@2:B2@A?. 9. 1B?.06R; A<A.9 F @2 69B:6;. 29
3B;06<;.:62;A< @20B2;06.9 .0A6C<
(B2;. B;. @2Q.9 9 3B;06<;.:62;A< @20B2;06.9 5.
36;.96G.1< 9 A<;< 12 .C6@< @2 =B212 .=.4.? 0<; 9.
A209. 12 9.@ 3B;06<;2@ 12 A62:=< =.4.? 29
.=.?.A< < C<9C2? . =?<4?.:.?9<
*919 4) 8<-9;) ,-4 )8)9);7
,<9)6;- -4 .<6+176)51-6;7
9 3B;06<;.:62;A< @2 6;A2??B:=2 9 C2;A69.1<? 12
?23?642?.06R; =B212 @24B6? 3B;06<;.;1< )?.@ 02??.? 9.
=B2?A. C<9C2? . =B9@.? 9. A209. 9 3B;06<;.:62;A<
@2 ?2.;B1.
7,1.1+)9 47: )2<:;-:
".@ :<16360.06<;2@ @<9< @<; =<@6/92@ .;A2@ 12 6;606.?
29 3B;06<;.:62;A< (292006<;.? 29 .7B@A2 [email protected]< 0<;
9. A209. F :<16360.?9<
)6+-4)9 -4 .<6+176)51-6;7
&B9@.? 9. A209. 69B:6;.1. 0<??2@=<;162;A2 .9 ;6C29
12=<A2;06. =?<4?.:.1< 129 :60?<<;1.@ +<9C2? .
=?<4?.:.? 29 .=.?.A< < .=.4.?9<
6;-99<5819 -4
.<6+176)51-6;7
&B9@.? /?2C2:2;A2 9. A209. &B9@.? 9. A209. @2?2.;B1. 29 3B;06<;.:62;A<
!97/9)5) )<;75C;1+7
<; 29 =?<4?.:. .BA<:NA60< =B212; =?2=.?.?@2
=9.A<@ 12 3<?:. @2;0699. (292006<;.? 29 =?<4?.:. 2
6;A?<1B06? 29 =2@< 12 9<@ .96:2;A<@ 9 =?<4?.:.
.BA<:NA60< 0<;364B?. 29 =?<4?.:. R=A6:< &B212;
@292006<;.?@2 5.@A. =?<4?.:.@
#-4-++176)9 -4
897/9)5)
*;. C2G @292006<;.1< B; =?<4?.:. =?<0212? 129
:<1< @64B62;A2 ;02;12? 29 6;A2??B=A<? =?6;06=.9
72:=9< 12 9. 6:.42; =?<4?.:. 0<; 869< 12 =2@<
&B9@.? 9. A209. ; 9. =.;A.99. 12 9. 5<?. @2 :B2@A?. 29 =?6:2?
=?<4?.:.
(292006<;.? 29 =?<4?.:. [email protected]< 0<; 29 @2920A<?
12 =?<4?.:.@
+<9C2? . =B9@.? 9. A209. ; 9. =.;A.99. 12 9. 5<?. @2 :B2@A?. 29 =2@<
?20<:2;1.1< 869<4?.:<@
(292006<;.? 29 =2@< 0<; 29 :.;1< 46?.A<?6<
&B9@.? 9. A209. (2 6;606. 29 =?<4?.:. (2 :B2@A?. 29 A?.;@0B?@<
129A62:=< ?20<:2;1.1< F 29 @P:/<9< 4 897/9)5) 0) .16)41A),7
(B2;. B;. @2Q.9 9 .=.?.A< 127. 12 0.92;A.? ; 29
6;160.1<? @2 :B2@A?. &B9@.? 9. A209. F .=.4.? 29 6;A2??B=A<? =?6;06=.9 9
A<;< 12 .C6@< @2 =B212 .=.4.? 0<; 9. A209. 7,1.1+)9 -4 897/9)5)
9 ;S:2?< 12 =?<4?.:. F 29 =2@< ;< =B212;
:<16360.?@2 A?.@ 9. =B2@A. 2; :.?05.
)6+-4)9 -4 897/9)5)
#.;A2;2? [email protected]. 9. A209. 1B?.;A2 B;<@ @24B;1<@
F .=.4.? 29 6;A2??B=A<? =?6;06=.9 9 .=.?.A< @2 .=.4.
76:-27: @
),=-9;-6+1): :7*9-4 897/9)5)
)<;75C;1+7
(.0.? 29 .96:2;A< 12 @B 2;C.@2 F =2@.?9< (6 ;< @2
=B212 6;A?<1B06? 29 =2@< 2E.0A< ?21<;12.? 5.06.
.??6/. < 5.06. ./.7<
<9<0.? 29 .96:2;A< 2; B;. C.7699. =9.;. .120B.1.
=.?. 29 :60?<<;1.@ = 27 B; =9.A< 12 C61?6< <
=<?029.;. F @6; A.=.
;A?<1B06? 9<@ .96:2;A<@ 2; 29 .=.?.A< 3?P<
0<;A6;B.06R; 12 2@A<@ 0<;@27<@ F .1C2?A2;06.@
2;0<;A?.?N B;. A./9. 0<; .96:2;A<@ .120B.1<@ 29
6;A2?C.9< 12 =2@< 0<??2@=<;162;A2 F 9<@ .002@<?6<@
;202@.?6<@
$< 2@ =<@6/92 =?<4?.:.? =2@<@ ;< 6;09B61<@ 12;A?<
129 6;A2?C.9< 12 =2@<
<; :B05<@ A6=<@ 12 0<:61. @2 <F2 B;. @2Q.9 .9
0./< 12 B; A62:=< .? 9. CB29A. < ?2:<C2? 29
.96:2;A<
-:+76/-4)+1G6
<;429.? 9<@ .96:2;A<@ .9:.02;.1<@ . @2? =<@6/92 2;
=<@606R; 5<?6G<;A.9 ?2=.?A61<@ 2; =<?06<;2@ F .
UJ
<9<0.? 29 .96:2;A< 0<;429.1< 2; B; ?206=62;A2 =9.;<
= 27 B; =9.A< 12 [email protected] < 12 =<?029.;.
*;. C2G 12@0<;429.1< 127.? ?2=<@.? 29 .96:2;A<
2;A?2 F :6;BA<@ :N@ =.?. >B2 9. A2:=2?.AB?.
129 :6@:< @2 2@A./69602
". 12@0<;429.06R; 12 0.?;2 .C2@ < [email protected]<
=?<1B02 @62:=?2 B; 9P>B61< 96:6;.? 2@A2 9P>B61< .9
1.? 9. CB29A. . 9. =62G. F ;< BA696G.?9< 12 ;B2C< ;6
=<;2?9< 2; 0<;A.0A< 0<; <A?<@ .96:2;A<@
<9<0.? =?6:2?< 9. 0.?;2 12 C.0B;< 0<?12?< < 02?1<
=<? 9. =.?A2 0<; :N@ 4?.@. 5.06. ./.7< @</?2 29
?206=62;A2
2@0<;429.? @R9< 9. 0.;A61.1 ;202@.?6. 12 =.; =B2@
@2 C<9C2?P. 1B?<
B.;1< @2 A?.A2 12 0.?;2 =60.1. ?2A6?.? 9. 0.=.
12@0<;429.1. .9 1.?92 9. CB29A.
(6 29 .C2 2@ 2;A2?. @2 0<9<0. =?6:2?< =<? 29 9.1< 12 9.
=205B4. 12;A?< 129 ?206=62;A2 @6 @<; A?<G<@ 12 .C2
=<? 29 9.1< 12 9. =629
!););):
&.A.A. 0<061. 0<; @.9 0<?A.?9.@ 2; A?<G<@ 64B.9 12
4?.;12@ Q.16? 0B05.?.1.@ 12 .4B. F B; =<0< 12
@.9 =<? 0.1. 4 12 =.A.A.@
&.A.A. 52?C61. @6; =29.? BA696G.? =.A.A.@ 129 :6@:<
A.:.Q< ".C.?9.@ F =6;05.? 9. 0N@0.?. C.?6<@ C202@
<9<0.? 9.@ =.A.A.@ .S; 5S:21.@ 2; B; ?206=62;A2 @6;
.4B.
997A
9 .??<G 42;2?. ./B;1.;A2 2@=B:. 1B?.;A2 9.
0<006R; *A696G.? =<? A.;A< B; ?206=62;A2 .9A< 0<; A.=.
;A?<1B06? 29 =2@< /?BA< @6; 9P>B61<
Q.16? .9 .??<G 29 1</92 < 29 1</92 F :216< 12 0.;A61.1
12 9P>B61<
$< BA696G.? .??<G 2; /<9@. =.?. 0<02?
&-9,<9):
+2?1B?.@ 3?2@0.@ 0<?A.?9.@ 2; A?<G<@ ?24B9.?2@
Q.16? 0B05.?.1.@ 12 .4B. =<? 0.1. 4
+2?1B?.@ 0<;429.1.@ @R9< @<; .120B.1.@ 9.@
C2?1B?.@ [email protected].@ ;< =?20<06;.1.@ ". C2?1B?.
B9A?.0<;429.1. 0<; @.9@. 12 ;.A. ;< 2@ .120B.1.
Q.16? 12 . 0B05.?.1.@ 12 .4B. =<? 0.1. 4
&.?. 2@=6;.0.@ F 0<9 ?<7. ;< .Q.16? .4B.
$1-587: ,- 9-87:7
94B;<@ =9.A<@ ;202@6A.; B; A62:=< 12 ?2=<@< 2; 29
0<:=.?A6:2;A< 12 0<006R; A?.@ 36;.96G.? 29 =?<4?.:.
"*%
#&% (&%)%
-4A3DA0B
0?A>G
<8=DC>B
(0C0C0B
0?A>G
<8=DC>B
-0280A ?A8<4A> 4; 06D0 @D4 B4 70H0 34B?A4=383>
AA>I
0 <8=DC>B
&?2@A.? .A2;06R; . 9.@ @2Q.92@ =.?. ?2:<C2? F 1.? 9.
CB29A.
"#$*%)
5#(% &(%(#
($ &)%
&$* /
)%(%)
(
X:6
)428?84=C4 ?;0=>
B8= C0?0
(4B203>
(
?84I0 34 ?4B203> 4=C4A> 58;4C4B > A>3090B
X:6
)428?84=C4 ?;0=>
B8= C0?0
(0= H ?0BC4;4B
?0= 4=C4A> 7>60I0 > 10AA0 ?0= 4=
A410=030B ?0BC4; 34 <0B0 10C830 ?0BC4;
34 ;4E03DA0 ?0BC4; 34 5ADC0B
(
X:6
)428?84=C4 ?;0=>
B8= C0?0
(0C0C0B
?0C0C0B 2>2830B 2>= B0; ?0C0C0B 2>2830B
B8= ?4;0A
(
X :6
)428?84=C4 2>=
C0?0
AA>I
(
X :6
)428?84=C4 0;C> 2>=
C0?0
-4A3DA0 5A4B20
2>;85;>A 1AR2>; I0=07>A80B 2>;8=01>B
?D4AA>B ?8<84=C>B 20;01028=4B
(
X :6
)428?84=C4 2>=
C0?0
-4A3DA0 2>=64;030
2>;85;>A 1AR2>; I0=07>A80B 2>;8=01>B
;><10A30 4B?8=020B
(
X :6
)428?84=C4 2>=
C0?0
)%$"(
0A=4 H 0E4
X 0B03>
X ?84I0B 34 20A=4 ?>2> 6AD4B0B
X 20A=4 ?82030
X ?>;;> 20?U= ?0C>
%(
&> B>= 0?A>?8030B ;0B C0AC0B 34 =0C0 C0AC0B 34 2A4<0 ?0BC4;4B 2>= 2>14ACDA0 6;0B403> > 64;0C8=0
-5791)
". :2:<?6. <3?202 9. =<@6/6961.1 12 :2:<?6G.?
=?<4?.:.@ =2?@<;.96G.1<@ F 12@=BO@ .0A6C.?9<@
@AN; 16@=<;6/92@ 1<@ =<@606<;2@ 2; 9. :2:<?6. #
F # ". 3B;06R; 12 :2:<?6. ?2@B9A. 2@=206.9:2;A2
SA69 =.?. =9.A<@ >B2 @2 =?2=.?.; 0<; 3?20B2;06.
; 2@A2 0.=PAB9< @2 12@0?6/2
0R:< 4B.?1.? 2; 9. :2:<?6.
0R:< .0A6C.? 9. :2:<?6.
<)9,)9
+76.1/<9)+176-: -6
4) 5-5791)
<)9,)9 7;9) +76.1/<9)+1G6
&B9@.? 29 6;A2??B=A<? =?6;06=.9
9 @P:/<9< @2 69B:6;. 9 .=.?.A< 2@AN 96@A< =.?.
@B 3B;06<;.:62;A<
&B9@.? 29 /<AR; 129 ;6C29 12 =<A2;06. 129
:60?<<;1.@ [email protected]<
(2 69B:6;. 9. =<A2;06. F @2 :B2@A?. B;. 1B?.06R;
?20<:2;1.1.
&?<4?.:.? 9. 1B?.06R; 129 0609< 12 0<006R; 0<; 29
:.;1< 46?.A<?6<
#.;A2;2? [email protected]. 9. A209. 1B?.;A2 B;<@
@24B;1<@
(B2;. B;. @2Q.9 ". 0<;364B?.06R; @2 5.
4B.?1.1< F =B212 6;606.?@2 2; 0B.9>B62? :<:2;A<
+<9C2? . =?<4?.:.? F 4B.?1.? (2 @</?2@0?6/2; 9.@
0<;364B?.06<;2@ .;A2?6<?2@
+;1=)9 5-5791)
".@ 0<;364B?.06<;2@ 4B.?1.1.@ =.?. B; =9.A< @2
=B212; 6;606.? 2; 0B.9>B62? :<:2;A<
&B9@.? 29 6;A2??B=A<? =?6;06=.9
9 @P:/<9< @2 69B:6;. 9 .=.?.A< 2@AN 96@A< =.?.
@B 3B;06<;.:62;A<
&B9@.? 9. A209. (2 :B2@A?.; 9.@ 0<;364B?.06<;2@ 4B.?1.1.@
&B9@.? 9. A209. (2 6;606. 9. :2:<?6. ; 29 6;160.1<? @2 :B2@A?. 29
A?.;@0B?@< 129 0609< 12 0<006R; =?<4?.:.1< 76:-27: @ ),=-9;-6+1):
)?.@ 9. =B2@A. 2; :.?05. F. ;< @2 =<1?N :<16360.? 9.
=<@606R; 12 :2:<?6.
"<@ =?<4?.:.@ [email protected]<@ =2?:.;202; 2; 9. :2:<?6.
6;09B@< 12@=BO@ 12 B; 0<?A2 2; 29 @B:6;6@A?<
29O0A?60<
4 ;1-587 0) ;9)6:+<991,7
(B2;. B;. @2Q.9 ". :2:<?6. 5. 36;.96G.1< 9 A<;<
12 .C6@< @2 =B212 .=.4.? 0<; 9. A209. 12 9.@
3B;06<;2@ 12 A62:=< =.4.? 29 .=.?.A< 0<; 29
6;A2??B=A<? =?6;06=.9 < C<9C2? . =?<4?.:.?9<
6;-99<5819
&B9@.? 9. A209. < ./?6? 9. =B2?A. 129 .=.?.A< 9
3B;06<;.:62;A< @2 6;A2??B:=2 )?.@ 02??.? 9. =B2?A.
C<9C2? . =B9@.? 9. A209. 9 =?<4?.:. 0<;A6;S.
799)9 47: )2<:;-:
#.;A2;2? [email protected]. 9. A209. 1B?.;A2 B;<@ @24B;1<@
". 0<;364B?.06R; @2 5. 0.;029.1< +<9C2? . =?<4?.:.?
29 .=.?.A< < .=.4.? 29 6;A2??B=A<? =?6;06=.9
"-472 -4-+;9G61+7
@A2 .=.?.A< =?2@2;A. 16@A6;A.@ 3B;06<;2@ 12 A62:=<
; 2@A2 0.=PAB9< @2 12@0?6/2
9. =.;A.99. 12 9. 5<?.
0R:< =?<4?.:.? 29 A2:=<?6G.1<?
0R:< .=.4.? 29 .=.?.A< 12 :<1< .BA<:NA60<
1B?.06R; 12 3B;06<;.:62;A<
0R:< .7B@A.? < :<16360.? 9. 5<?.
!)6;)44) ,- 4) 079)
+42;0 34 ;0B %0=3> 68A0C>A8>
5D=28>=4B 34
C84<?>
+$4$ *#&%
*"04$
; C4<?>A8I03>A ?D434 4<?;40AB4 2><> D= 2>=C03>A 34 C84<?>
> D= A4;>9 C4<?>A8I03>A 34 2>28=0
+4<?>A8I03>A
; 0?0A0C> => B4 4=284=34 H B4 0?060 34 5>A<0 0DC><OC820
DA028U= 34
5D=28>=0<84=C>
>A0
; 0?0A0C> B4 0?060 0DC><OC820<4=C4 CA0B 7014A CA0=B2DAA83> ;0
3DA028U= 34 5D=28>=0<84=C> ?A>6A0<030 ?
49
7>A0B
9DBC0A ;0 7>A0
76:-27: @ ),=-9;-6+1):
". =.;A.99. 12 9. 5<?. @2 <@0B?202 12 .
@6 1B?.;A2 2@A2 A62:=< ;< @2 ?2.96G.;
.7B@A2@ ;6 @2 .0A6C. ;6;4B;. 3B;06R; 12 A62:=<
<; 9.@ 3B;06<;2@ 12 A62:=< )2:=<?6G.1<? F
B?.06R; 12 3B;06<;.:62;A< @B2;. B;. @2Q.9
A?.@ 5./2? A?.;@0B??61< 29 A62:=< =?<4?.:.1< F 29
@P:/<9< 0<??2@=<;162;A2 =.?=.12. &B9@.? 9. A209.
12 9.@ 3B;06<;2@ 12 A62:=< =.?. .=.4.? 9. @2Q.9
; 0.@< ;202@.?6< 9. 0<;364B?.06R; =B212
0<??246?@2 0<; 29 :.;1< 46?.A<?6<
&.?. 0.;029.? 9. 0<;364B?.06R; ?2A?<0212? 29
A62:=< =?<4?.:.1< . F .=.4.? 29 .=.?.A<
8)/)9 @ -6+-6,-9 4)
8)6;)44) ,- 4) 079)
#.;A2;2? [email protected]. 9. A209. 12 9.@ 3B;06<;2@ 12
A62:=< 1B?.;A2 B;<@ @24B;1<@
". =.;A.99. 12 9. 5<?. @2 .=.4. B.;1< B;.
3B;06R; 12 A62:=< 2@AN .0A6C. 29 @P:/<9<
0<??2@=<;162;A2 =2?:.;202 2;02;161<
#.;A2;2? [email protected]. 9. A209. 12 9.@ 3B;06<;2@ 12
A62:=< 1B?.;A2 B;<@ @24B;1<@
". =.;A.99. 12 9. 5<?. @2 2;062;12
$-58791A),79
&B9@.? ?2=2A61.:2;A2 9. A209. 12 9.@ 3B;06<;2@
12A62:=< 5.@A. >B2 @2 2;062;1.; 9<@
@P:/<9<@ F &?<4?.:.? 9. 1B?.06R; 129 0609< 12 0<006R; 0<; 29
:.;1< 46?.A<?6< = 27 :6;BA<@
". 0<;364B?.06R; @2 .=960. 12 :<1< .BA<:NA60<
*;. C2G A?.;@0B??61< 29 A62:=< @2 <F2 B;. @2Q.9
&B9@.? 9. A209. 12 9.@ 3B;06<;2@ 12 A62:=< (2
:B2@A?. 12 ;B2C< 9. 5<?.
<9)+1G6 ,.<6+176)51-6;7
9 .=.?.A< @2 .=.4. .BA<:NA60.:2;A2 B;. C2G
A?.;@0B??61< 29 0609< 12 0<006R; =?<4?.:.1<
&?<4?.:.? B; ;6C29 12 =<A2;06. 129 :60?<<;1.@
&B9@.? ?2=2A61.:2;A2 9. A209. 12 9.@ 3B;06<;2@
12A62:=< 5.@A. >B2 @2 2;062;1.; 9<@
@P:/<9<@ F
&?<4?.:.? 9. 1B?.06R; 12 3B;06<;.:62;A< 0<; 29
:.;1< 46?.A<?6< = 275<?.@
". 0<;364B?.06R; @2 .=960. 12 :<1< .BA<:NA60<
&B9@.? 9. A209. (2 6;606. 9. 1B?.06R; 12 3B;06<;.:62;A< >B2 @2 5.
=?<4?.:.1<
4 +1+47 ,- +7++1G6 0)
.16)41A),7
(B2;. B;. @2Q.9 9 .=.?.A< 127. 12 0.92;A.? ; 29
6;160.1<? @2 :B2@A?. 9 A<;< 12 .C6@< @2 =B212 .=.4.? 0<; 9. A209. 12 9.@
3B;06<;2@ 12 A62:=< 7,1.1+)9 4) ,<9)+1G6 ,-4
+1+47 ,- +7++1G6
". 1B?.06R; 129 0609< 12 0<006R; @2 =B212 0.:/6.? 2;
0B.9>B62? :<:2;A<
)6+-4)9 4) ,<9)+1G6 ,-4
+1+47 ,- +7++1G6
'2@A./9202? 9. 1B?.06R; 129 0609< 12 0<006R; . 0<; 29 :.;1< 46?.A<?6< 9 0.:/6< @2 .=960. A?.@ B;<@
@24B;1<@ ". 1B?.06R; 129 0609< 12 0<006R; @2 5.
0.;029.1<
76:<4;)9 47: )2<:;-: ,;1-587
; 0.@< 12 5./2? =?<4?.:.1.@ C.?6.@ 3B;06<;2@ 12
A62:=< 2; 29 6;160.1<? @2 69B:6;.; 9<@ @P:/<9<@
0<??2@=<;162;A2@ 9 @P:/<9< @2 @6AS. 129.;A2 129
@P:/<9< 12 9. 3B;06R; 12 A62:=< 2; =?6:2? =9.;<
&.?. 0<;@B9A.? 29 A2:=<?6G.1<? 9. 1B?.06R; 12
3B;06<;.:62;A< < 9. 5<?. =B9@.? ?2=2A61.:2;A2
9. A209. 12 9.@ 3B;06<;2@ 12 A62:=< 5.@A. >B2 29
@P:/<9< @2 @6AS2 129.;A2 12 9. 3B;06R; 12 A62:=<
0<??2@=<;162;A2 9 C.9<? 0<??2@=<;162;A2 @2 :B2@A?.
1B?.;A2 B;<@ @24B;1<@ 2; 9. =.;A.99. 12 9. 5<?.
2<:;)9 4) 079)
&B9@.? ?2=2A61.:2;A2 9. A209. 12 9.@ 3B;06<;2@
12A62:=< 5.@A. >B2 @2 2;062;1.; 9<@
@P:/<9<@ F 7B@A.? 9. 5<?. .0AB.9 0<; 29 :.;1< 46?.A<?6<
&B9@.? 9. A209. 12 9.@ 3B;06<;2@ 12 A62:=<
(2 5. .1<=A.1< 29 .7B@A2
7,1.1+)9 4) 079)
& 27 129 5<?.?6< 12 C2?.;< .9 12 6;C62?;<
320AB.? 9. =?<4?.:.06R; 0<:< @2 2E=960. 2; 9<@
=B;A<@ F 7,1.1+)9 47: )2<:;-: *C:1+7:
@A2 .=.?.A< =?2@2;A. 16@A6;A<@ .7B@A2@ /N@60<@ >B2
C62;2; 0<;364B?.1<@ 12 3N/?60. $< </@A.;A2 2@A<@
.7B@A2@ /N@60<@ @2 =B212; :<16360.? @24S; @2.
;202@.?6<
2<:;-: *C:1+7:
; 9. A./9. @2 2@=206360.; A<1<@ 9<@ .7B@A2@ /N@60<@ F
@B@ <=06<;2@ 12 @292006R;
+)* 1)%
&%$)
"(4$
+>=> 34 0E8B> 34 3DA028U=
<438> <8=DC>B
1A4E4 B46D=3>B
;0A6> <8=DC>B
*4T0; D=0 E4I CA0=B2DAA830 D=0
3DA028U=
*>=83> 34 C42;0
4=24=383>
*>=83> 34 C42;0
0?0603>
*>=83> 34 2>=58A<028U= 0; ?D;B0A
D=0 C42;0
9 .=.?.A< 12/2 2@A.? .=.4.1<
&B9@.? 9. A209. 1B?.;A2 B;<@ @24B;1<@
; 9. =.;A.99. 12 9. 5<?. @2 :B2@A?. 29 =?6:2?
.7B@A2 /N@60<
&B9@.? ?2=2A61.:2;A2 9. A209. 5.@A. >B2 @2
:B2@A?2 29 0<??2@=<;162;A2 .7B@A2 /N@60<
<;364B?.? 29 .7B@A2 [email protected]< 0<; 29 :.;1< 12
A2:=2?.AB?.
&.?. 36;.96G.? :.;A2;2? [email protected]. 9. A209. 1B?.;A2
B;<@ @24B;1<@
)<1<@ 9<@ .7B@A2@ @2 5.; .=960.1<
"<@ .7B@A2@ =B212; C<9C2?@2 . :<16360.? 2; 0B.9>B62?
:<:2;A<
<1,),7: @ 41581-A)
9 :60?<<;1.@ :.;A2;1?N 1B?.;A2 :B05< A62:=< @B
.@=20A< ?29B062;A2 @62:=?2 F 0B.;1< @2 992C2; . 0./<
9. 96:=62G. F 9<@ 0B61.1<@ =2?A6;2;A2@ 0<;A6;B.06R;
@2 12@0?6/2; 9<@ 0B61.1<@ F 9. 96:=62G. R=A6:<@ =.?.
29 .=.?.A<
I&2964?< 12 0<?A<06?0B6A<
$< BA696G.? 96:=6.1< 12 .9A. =?2@6R; ;6 =<? 05<??< 12
C.=<?
I&2964?< 12 >B2:.1B?.@
$< ?2.96G.? 9. 96:=62G. 6;:216.A.:2;A2 12@=BO@ 12 9.
12@0<;2E6R; 27.? 2;3?6.? 29 .=.?.A<
76:-27: @ ),=-9;-6+1):
@ =<@6/92 >B2 .=.?2G0.; 1632?2;A2@ A<;.961.12@ 2; 29
3?<;A.9 129 .=.?.A< 12/61< . 9<@ 1632?2;A2@ :.A2?6.92@
0<:< 29 C61?6< =9N@A60< < :2A.9
".@ @<:/?.@ 0<; 3<?:. 12 2@A?P.@ .=?206./92@ 2; 29
C61?6< 12 9. =B2?A. @<; 9<@ ?23927<@ 9B:6;<@<@ 12 9.
9N:=.?. 12 69B:6;.06R; 129 5<?;<
"<@ <9<?2@ [email protected]?.1./92@ 0<:< 9<@ >B2 @2 42;2?.;
12@=BO@ 12 =?2=.?.? B; [email protected]< =<? 272:=9< @2
=B212; 296:6;.? 3N069:2;A2 Q.16? B;.@ 4<A.@ 12
96:R; . B;. A.G. 0<; .4B. ;A?<1B06? B;. 0B05.?. 2;
29 ?206=62;A2 =.?. 2C6A.? 29 ?2A.?1< 12 2/B99606R;
.92;A.? 29 .4B. 2;A?2 F :6;BA<@ . 9. :NE6:.
=<A2;06. 129 :60?<<;1.@
!97,<+;7: ,41581-A)
)2;2? 2; 0B2;A. 9.@ 6;160.06<;2@ 12 9. A./9. =.?. ;<
1.Q.? 9.@ 16@A6;A.@ @B=2?36062@ 129 .=.?.A< 2:=92.;1<
B; 96:=6.1<? 6;.120B.1<
$< BA696G.? 9< @64B62;A2
=?<1B0A<@ 12 96:=62G. ./?.@6C<@ < N061<@
[email protected]<?2@ =.?. :2A.9 < C61?6< =.?. 9. 96:=62G. 129
[email protected] 12 9. =B2?A. 129 .=.?.A<
[email protected]<?2@ =.?. :2A.9 < C61?6< =.?. 96:=6.? 9. 7B;A.
12 9. =B2?A.
2@=<;7.@ < 2@A?<=.7<@ 1B?<@
".C.? /62; 9.@ /.F2A.@ ;B2C.@ .;A2@ 12 BA696G.?9.@
%$
(%+*%) "#&0
A>=C0; 34; 0?0A0C>
6D0 20;84=C4 2>= D= ?>2> 34 901U=
$8<?80A 2>= D= ?0T> 7D<434283> 4= 06D0 2>= 901U= H B420A
2>= D= ?0T> BD0E4
&> DC8;8I0A A0B203>A4B ?0A0 <4C0; > E83A8> ?0A0 ;0 ;8<?84I0
24A> 8=>G8301;4
><?0AC8<4=C> 34 2>228U=
6D0 20;84=C4 2>= D= ?>2> 34 901U=
$8<?80A 2>= D= ?0T> 7D<434283> 4= 06D0 2>= 901U= H B420A
2>= D= ?0T> BD0E4
$8<?80A 8=<4380C0<4=C4 ;0B <0=270B 34
20; 6A0B0 0;<83U= H 2;0A0 34 7D4E> ?D4B ?>3AS0 5>A<0AB4
2>AA>B8U= 34109> 34 4BC0B <0=270B
(D434 03@D8A8A ?A>3D2C>B 4B?42S582>B ?0A0 ;8<?84I0 34 024A> 4=
4; B4AE828> 34 0B8BC4=280 CR2=820 > 4= 2><4A28>B 4B?4280;8I03>B
6D0 20;84=C4 2>= D= ?>2> 34 901U= > 06D0 2>= E8=06A4
$8<?80A 2>= D= ?0T> 7D<434283> 4= 06D0 2>= 901U= H B420A
2>= D= ?0T> BD0E4
= 20B> 34 <D270 BD284303
,C8;8I0A ;>B ;8<?803>A4B ?0A0 7>A=>B B>;> 2>= 4; 2><?0AC8<4=C>
34 2>228U= 5AS>
><?0AC8<4=C> 34 2>228U= 34
024A> 8=>G8301;4
&> DC8;8I0A B?A0H ?0A0 7>A=>B =8 >CA>B ?A>3D2C>B 34 ;8<?84I0
06A4B8E>B > 01A0B8E>B
+0<?>2> 4B 0?A>?803> DC8;8I0A 4BCA>?09>B
=8 4B?>=90B OB?4A0B H0 @D4 A0H0= ;0 BD?4A58284
490A B420A ;0B BD?4A58284B 8=C4A8>A4B ?>A 2><?;4C>
A8BC0;4B 34 ;0 ?D4AC0
$8<?802A8BC0;4B
$8<?80A 2>= D= ?0T> 34 ;8<?84I0
&> DC8;8I0A A0B203>A4B ?0A0 <4C0; > E83A8> ?0A0 ;0 ;8<?84I0
"D=C0 34 ;0 ?D4AC0
J&> @D8C0A;0
6D0 20;84=C4 2>= D= ?>2> 34 901U=
$8<?80A 2>= D= ?0T> 34 ;8<?84I0 B8= 5A>C0A
&> DC8;8I0A A0B203>A4B ?0A0 <4C0; > E83A8> ?0A0 ;0 ;8<?84I0
224B>A8>B
6D0 20;84=C4 2>= D= ?>2> 34 901U=
(>=4A 4= A4<>9> H ;8<?80A 2>= D= ?0T> > 24?8;;>
=-9E): @ 9-8)9)+176-:
$< @62:=?2 2@ ;202@.?6< 99.:.? .9 (2?C606< 12
@6@A2;06. )O0;60. ; :B05<@ 0.@<@ 9.@ .C2?P.@
=B212; @2? @<9B06<;.1.@ =<? 29 =?<=6< B@B.?6<
; 9. A./9. @64B62;A2 @2 =?2@2;A.; .94B;<@ 0<;@27<@
=.?. @B/@.;.? 9.@ .C2?P.@
I&2964?< 12 12@0.?4. 29O0A?60.
".@ ?2=.?.06<;2@ 2; 29 @6@A2:. 2920A?R;60< 12/2;
?2.96G.?@2 2E09B@6C.:2;A2 =<? B; AO0;60<
2@=206.96@A.
".@ ?2=.?.06<;2@ 2; 29 @6@A2:. 2920A?R;60< 129
.=.?.A< 12/2; 2320AB.?@2 @62:=?2 @6; 0<??62;A2
29O0A?60. 006<;.? 29 3B@6/92 .BA<:NA60< <
[email protected]<?;699.? 29 3B@6/92 12 9. 0.7. 12 3B@6/92@ 12
@B C6C62;1.
$)*4) ,- )=-9E):
(6 ;< @2 </A62;2; 9<@ [email protected]<@ 2@=2?.1<@ 12 B;
=9.A< 0<;@B9A.? 29 0.=PAB9< ; 2@A2 0.=PAB9< @2
12@0?6/2; 0<;@27<@ F @B42?2;06.@ =.?. 0<06;.?
,(3
%)" +)
; 0?0A0C>
=> 5D=28>=0
?
; 4=27D54 => 4BCO 2>=42C03>
>=42C0A 4; 4=27D54
%"+4$%$) %)
>AC4 4= 4; BD<8=8BCA> 4;R2CA82>
><?A>10A B8 5D=28>=0 ;0 ;DI 34
;0 2>28=0
; 5DB81;4 4BCO 34542CD>B>
><?A>10A 4= ;0 2090 34
5DB81;4B @D4 4; 5DB81;4 34;
0?0A0C> 5D=28>=0
2>AA42C0<4=C4
%0=49> 8=2>AA42C>
4B2>=42C0A 4; 5DB81;4 34 ;0
2090 34 5DB81;4B
->;E4A 0
2>=42C0A;> CA0=B2DAA83>B D=>B
B46D=3>B
,(3
%)" +)
%"+4$%$) %)
; 0?0A0C> => 5D=28>=0
; 8=38203>A
<D4BCA0 D=0 3DA028U=
&> B4 70 ?D;B03> ;0 C42;0 34B?DRB 34 ;0 ?A>6A0<028U=
(D;B0A ;0 C42;0 > 0?060A 4;
0?0A0C> 2>= 4; 8=C4AAD?C>A
?A8=28?0;
; <82A>>=30B => B4 2>=42C0
$0 ?D4AC0 => B4 70 24AA03>
2><?;4C0<4=C4
><?A>10A B8 ;0 ?D4AC0 4BCO
0C0B2030 ?>A A4BC>B 34
0;8<4=C>B > 0;6V= 2D4A?>
4GCA0T>
&> B4 70 ?D;B03> ;0 C42;0 (D;B0A ;0 C42;0 *4 70 ?A>6A0<03> D=0
?>C4=280 34 <82A>>=30B
34<0B803> 1090
*4;4228>=0A D=0 ?>C4=280
<0H>A
$>B 0;8<4=C>B B4 20;84=C0= <OB
;4=C0<4=C4 @D4 0=C4B
*4 70 8=CA>3D283> D=0 20=C8303 0=C8303 3>1;4 X 20B8 4; 3>1;4
<0H>A 34 ;> 7018CD0; 4= 4;
34 C84<?> 34 2>228U=
0?0A0C>
*D4=0 D=0 B4T0;
$>B 3>B ?D=C>B
34; 8=38203>A ?0A?0340=
; 0?0A0C> 4BCO 4= 4; <>3>
34<>
(D;B0A ;0 C42;0 %0=C4=4A ?D;B030 ;0
C42;0 3DA0=C4 B46D=3>B
; <>3> 34<> B4 70
34B02C8E03>
; 0?0A0C> B4 0?060 ?>2> 34B?DRB
34 ?D;B0A ;0 C42;0 *C0AC
= 4;
8=38203>A B4 <D4BCA0 4; <4=B094
34 4AA>A $0 ?D4AC0 => B4 70 24AA03>
2>AA42C0<4=C4
->;E4A 0 01A8A ;0 ?D4AC0 H
24AA0A;0 2>AA42C0<4=C4 B8 4;
?A>1;4<0 => B4 B>;D28>=0
0E8B0A 0; *4AE828> 34 B8BC4=280
+R2=820
= 4; 8=38203>A B4 <D4BCA0 4;
<4=B094 34 4AA>A $0 ?D4AC0 => B4 70 24AA03>
2>AA42C0<4=C4
?060A 4; 0?0A0C> 2>= ;0
C42;0 H 4=24=34A;> >CA0 E4I
= 4; 8=38203>A B4 <D4BCA0 4;
<4=B094 34 4AA>A A
; B4=B>A 34 C4<?4A0CDA0 4BCO (>=4AB4 4= 2>=C02C> 2>= 4;
34542CD>B>
*4AE828> 34 B8BC4=280 +R2=820
= 4; 8=38203>A 0?0A424 4; <4=B094
34 4AA>A A
$0B C42;0B 4BCO= BD280B > 4;
<420=8B<> 4BCO 0C0B203>
(D;B0A E0A80B E424B C>30B ;0B
C42;0B B8 => B4 B>;D28>=0 4;
?A>1;4<0 0E8B0A 0; *4AE828> 34
B8BC4=280 +R2=820
= 4; 8=38203>A B4 <D4BCA0 4;
<4=B094 34 4AA>A A
*>1A420;4=C0<84=C> ?4;86A>B>
4E4=CD0;<4=C4 5D46> 4= 4;
8=C4A8>A
(>C4=280 34; <82A>>=30B <DH
4;4E030
&> 01A8A ;0 ?D4AC0 4GCA04A 4;
4=27D54 > 34B2>=42C0A ;>B
5DB81;4B 4= ;0 2090 34 5DB81;4B
3490A 4=5A80A
,(3
%)" +)
%"+4$%$) %)
= 4; 8=38203>A B4 <D4BCA0 4;
<4=B094 34 4AA>A A
0;;> CR2=82>
(>=4AB4 4= 2>=C02C> 2>= 4;
*4AE828> 34 B8BC4=280 +R2=820
I&2964?< 12 12@0.?4. 29O0A?60.
".@ ?2=.?.06<;2@ 6;.120B.1.@ @<; =2964?<@.@
".@?2=.?.06<;2@ @R9< =B212; @2? 2320AB.1.@ =<?
=2?@<;.9 129 (2?C606< 12 @6@A2;06. )O0;60.
12/61.:2;A2 6;@A?B61<
#-9=1+17 ,- :1:;-6+1) $D+61+)
$B2@A?< (2?C606< 12 @6@A2;06. )O0;60. @2 2;0B2;A?.
. @B 16@=<@606R; @62:=?2 >B2 ;202@6A2 9. ?2=.?.06R;
12 @B .=.?.A< ; 9. 4BP. A2923R;60. 364B?.; 29 ;S:2?<
12 A29O3<;< F 9. 16?2006R; 129 (2?C606< 12 @6@A2;06.
)O0;60. :N@ 02?0.;< . @B 1<:60696< @6:6@:<
0B.9>B62?. 12 ;B2@A?<@ 02;A?<@ 129 (2?C606< 12
@6@A2;06. )O0;60. 92 6;3<?:.?N 2;0.;A.1< @</?2 9.
12924.06R; 129 (2?C606< 12 @6@A2;06. )O0;60. :N@
02?0.;. . @B 1<:60696<
H5-97 ,- 897,<+;7 @
6H5-97 ,- .)*91+)+1G6 9 0<;A.0A.? 0<; ;B2@A?< (2?C606< 12 @6@A2;06.
)O0;60. 6;160.? 29 ;S:2?< 12 =?<1B0A< F 29
;S:2?< 12 3./?60.06R; 129 .=.?.A<
(6 ./?2 9. =B2?A. 129 .=.?.A< . 9. 12?205. 2;0<;A?.?N
9. =9.0. 12 0.?.0A2?P@A60.@ 0<; 2@A<@ ;S:2?<@
36; 12 2C6A.?@2 :<92@A6.@ 2; 0.@< ;202@.?6< 92
?20<:2;1.:<@ .;<A.? 9<@ 1.A<@ 12 @B .=.?.A< .@P
0<:< 29 ;S:2?< 12 A29O3<;< 129 (2?C606< 12 @6@A2;06.
)O0;60. 2; 29 @64B62;A2 .=.?A.1<
&
K &
K *4AE828> 34 B8BC4=280 +R2=820 );7: ;D+61+7:
*D<8=8BCA> 34 2>AA84=C4
4;R2CA820
X - I
(>C4=280
<OG
2>=42C030
.
(>C4=280 34; <82A>>=30B
. ! A42D4=280 34 ;0B
<82A>>=30B
% I
DB81;4
%S=8<> 8<4=B8>=4B ;M=M
X ?0A0C>
G G 2<
X ><?0AC8<4=C> 34
2>228U=
G G 2<
><>;>6028U= -
8BC8=C8E> BS
BS
@A2 .=.?.A< 0B:=92 9. ;<?:.A6C. $ F
(&'
@ B; =?<1B0A< 129 4?B=< 09.@2 ?B=< 6;160. >B2 9<@ :60?<<;1.@ @2 3./?60.; 0<; 29
36; 12 0.92;A.? .96:2;A<@
". 09.@2 6;160. >B2 29 .=.?.A< 2@ .=?<=6.1< =.?.
B@< =?6C.1< 2; 29 N:/6A< 1<:O@A60<
#75-;1,7: ) <6 91/<97:7 +76;974 -6
6<-:;97 -:;<,17 ,- +7+16)
>BP @2 2;0B2;A?. B;. @292006R; 12 =9.A<@ F 9<@
.7B@A2@ R=A6:<@ =.?. 299<@ (2 12A.99.; 9.@ =<A2;06.@
129 :60?<<;1.@ .=?<=6.1.@ =.?. 9<@ ?2@=20A6C<@
=9.A<@ @6:6@:< 364B?.; 0<;@27<@ @</?2 ?206=62;A2@ F
29 :<1< 12 =?2=.?.06R;
76:-27: @ ),=-9;-6+1):
"<@ C.9<?2@ 12 9. A./9. @<; CN961<@ =.?. 9. =?2=.?.06R;
12 .96:2;A<@ 0<; 29 0<:=.?A6:2;A< 12 0<006R; C.0P<
F 3?P< &?20.92;A.? @<9.:2;A2 0B.;1< .@P @2
2@=20636>B2 2; 9.@ A./9.@
;A2@ 12 =?<0212? . @B BA696G.06R; ?2A6?.? A<1<@ 9<@
.002@<?6<@ 129 0<:=.?A6:2;A< 12 0<006R; >B2 ;<
@2.; ;202@.?6<@
".@ 6;160.06<;2@ 12 A62:=< >B2 364B?.; 2; 9.@ A./9.@
12/2; 2;A2;12?@2 0<:< C.9<?2@ <?62;A.A6C<@ +62;2;
12A2?:6;.1<@ =<? 9. 0.961.1 F 9. 0<:=<@606R; 12 9<@
.96:2;A<@
*A696G.? 29 .002@<?6< @B:6;6@A?.1< "<@ .002@<?6<@
.1606<;.92@ 2@AN; 16@=<;6/92@ 0<:< .002@<?6<
2@=206.9 2; 9<@ 0<:2?06<@ 2@=206.96G.1<@ < 2; 29
(2?C606< 12 @6@A2;06. )O0;60.
*A696G.? @62:=?2 B; =.Q< .=?<=6.1< =.?. ?2A6?.? 9<@
.002@<?6<@ < 9<@ ?206=62;A2@ 0.962;A2@ 129
0<:=.?A6:2;A< 12 0<006R;
-:+76/-4)9
+)4-6;)9 @ +7+-9
+76 -4 51+9776,):
; 9.@ @64B62;A2@ A./9.@ .=.?202; :B05.@ =<@6/6961.12@
F 0.?.0A2?P@A60.@ 12 ?24B9.06R; =.?. 29 :60?<<;1.@
".@ 6;160.06<;2@ 12 1B?.06R; >B2 .=.?202; 2; 9.@
A./9.@ @<; @<9.:2;A2 C.9<?2@ <?62;A.A6C<@ 2=2;12;
129 ?206=62;A2 12 9. 0.961.1 A2:=2?.AB?. F [email protected]< 12
9<@ .96:2;A<@
; 9.@ A./9.@ @2 6;160.; 0.@6 @62:=?2 9<@ :N?42;2@ 12
A62:=< 7B@A.? =?6:2?< 9. 0<;364B?.06R; 12 A62:=<
:N@ 0<?A. 2 6? .B:2;A.;1< 29 A62:=< @24S; @2.
;202@.?6<
@ =<@6/92 >B2 0<06;2 0.;A61.12@ 16@A6;A.@ . 9.@
6;160.1.@ 2; 9. A./9.
&.?. 299< 2E6@A2 B;. ?249. =?N0A60.
</92 0.;A61.1 0.@6 29 1</92 12 1B?.06R;
:216. 0.;A61.1 :6A.1 12 1B?.06R;
.? 9. CB29A. < ?2:<C2? 9.@ .96:2;A<@ C.?6.@ C202@
:62;A?.@ @2 2@AN; 0.92;A.;1< <;A?<9.? 9. A2:=2?.ABU
?.
<9<0.? 9<@ .96:2;A<@ 0<;429.1<@ 2; B; ?206=62;A2 @6;
A.=. @</?2 9. /.@2 129 0<:=.?A6:2;A< 12 0<006R;
-:+76/-4)+1G6
;A?2A.;A< 1.? 9. CB29A. < ?2:<C2? 9<@ .96:2;A<@ R
TC202@ (6 9<@ A?<G<@ @<; 4?.;12@ 1.?92@ 9. CB29A.
C.?6.@ C202@
". 12@0<;429.06R; 12 0.?;2 .C2@ < [email protected]<
=?<1B02 @62:=?2 B; 9P>B61< 96:6;.? 2@A2 9P>B61< .9
1.? 9. CB29A. . 9. =62G. F ;< BA696G.?9< 12 ;B2C< ;6
=<;2?9< 2; 0<;A.0A< 0<; <A?<@ .96:2;A<@
27.? ?2=<@.? 29 .96:2;A< 12@0<;429.1< 12 .
T:6;BA<@ :N@ . A2:=2?.AB?. .:/62;A2 =.?.
5<:<42;26G.? 9. A2:=2?.AB?. (6 @<; .C2@ @2 =B212;
2EA?.2? 9.@ CP@02?.@
$*
%*$) " #(%%$) *%)
#&% #$+*%)
%$) %) / ,(*$)
0A=4 4= ?84I0B
34 E020 24A3> C4A=4A0
2>= > B8= 7D4B>
6
6
6
. <8=
. X <8=
. <8=
. X <8=
. <8=
. X <8=
0A ;0 ED4;C0 E0A80B E424B
0A=4 CA>24030 > 4=
58;4C4B 34 E020 24A3> >
C4A=4A0
6
6
6
. X <8=
. X <8=
. X <8=
. X <8=
. X <8=
. X <8=
*4?0A0A ;>B CA>I>B 2D0=3> B4
;4B 3R ;0 ED4;C0
0A=4 ?82030 <4I2;0
6
6
6
. <8=
. X <8=
. <8=
. X <8=
. <8=
. X <8=
$>B CA>I>B 3414= B4A ;> <OB
58=>B ?>B81;4 2D0=3> B4
2>=64;4=
0A;4B ;0 ED4;C0
E0A80B E424B H A4C8A0A ;0 20A=4
@D4 H0 4BCR 34B2>=64;030
$*
%*$) " #(%%$) *%)
#&% #$+*%)
%$) %) / ,(*$)
E4B > ?84I0B 34 0E4
6
6
. <8=
. X <8=
. <8=
. X <8=
0A ;0 ED4;C0 E0A80B E424B
(4B203>
8;4C4 A>3090B
6
. <8=
. X <8=
*4?0A0A D=>B 34 >CA>B ;>B
CA>I>B 34B2>=64;03>B
(4B203> 4=C4A>
6
6
. <8=
. X <8=
. <8=
. X <8=
0A ;0 ED4;C0 34 E4I 4=
2D0=3>
-4A3DA0 ?
49
6D8B0=C4B 6
. X <8=
ADC0
?
49
5A0<1D4B0B
6
6
. X <8=
. <8=
. X <8=
0A;4B ;0 ED4;C0 4=CA4<4380B
2>= 2D8303> H B4?0A0A ;0B
34B2>=64;030B
%0=C4@D8;;0
6
6
. <8=
. X <8=
. <8=
. X <8=
)4C8A0A 4; 4=E>;C>A8>
2><?;4C0<4=C4
(0= 4=C4A>
6
6
. <8=
. X <8=
. <8=
. X <8=
0A ;0 ED4;C0 34 E4I 4=
2D0=3>
(0BC4; B42>
?
49
34 <0B0 10C830
6
6
. X <8=
. <8=
. X <8=
*4?0A0A ;>B CA>I>B 34 ?0BC4;
2D0=3> B4 ;4B 3R ;0 ED4;C0
*U;> ?0A0 ?0BC4;4B B8=
6;0B403> =0C0 > 2A4<0
(0BC4; 9D6>B>
?
49
?0BC4; 34 5ADC0B >
34 2D09030
6
6
. <8=
. X <8=
. <8=
. X <8=
*U;> ?0A0 ?0BC4;4B B8=
6;0B403> > 64;0C8=0
-:+76/-4)+1G6
+)4-6;)51-6;7 7 +7++1G6 ,)415-6;7: +76/-4),7:
<9<0.? @62:=?2 9. C.7699. @</?2 9. /.@2 129 0<:=.?A6U
:2;A< 12 0<006R;
).=.? @62:=?2 9<@ .96:2;A<@ (6 ;< @2 16@=<;2 12 B;.
A.=. .120B.1. =.?. 29 ?206=62;A2 BA696G.? B; =9.A< <
=.=29 2@=206.9 =.?. :60?<<;1.@
'2A6?.? 29 2:/.9.72 12 9<@ =9.A<@ =?20<06;.1<@ (6 @2
BA696G. C.7699. .=A. =.?. :60?<<;1.@ @2 0.962;A.; :N@
?N=61. F B;63<?:2:2;A2
"<@ 16@A6;A<@ 0<:=<;2;A2@ 12 9<@ .96:2;A<@ =B212;
=?2@2;A.? A.:/6O; 1632?2;06.@ 2; 29 A62:=< >B2
;202@6A.; =.?. 0.92;A.?@2
B.;A< :2;<? @2. 9. .9AB?. 12 9<@ .96:2;A<@ 0<;
:.F<? ?.=612G @2 0<06;.?N; &<? A.;A< 0<;C62;2
0<9<0.? 9.@ C6.;1.@ 12 9. 3<?:. :N@ .=9.;.1. =<@6/92
12;A?< 129 ?206=62;A2
2/2 1.?@2 9. CB29A. < ?2:<C2? 9<@ .96:2;A<@ 12
UTC202@ :62;A?.@ @2 2@AN; 0.92;A.;1<
*;. C2G 0.92;A.1<@ 127.? ?2=<@.? 9<@ =9.A<@ 12
.T:6;BA<@ =.?. >B2 @2 64B.92 9. A2:=2?.AB?.
"<@ .96:2;A<@ @B292; 0<;@2?C.? @B @./<? 0.?.0A2?P@U
A60< &<? 2@A. ?.GR; 29 2:=92< 12 @.9 B <A?<@
0<;16:2;A<@ 12/2 @2? :<12?.1<
$*
%*$) "
#(%%$) *%)
#&% #$+*%)
%4=V ?;0C> 2><18=03> ?;0C>
?A42>28=03> X2><?>=4=C4B
X6
. X <8=
*>?0B
6
. X <8=
(>C094B
6
. X <8=
0A=4 4= B0;B0 ?
49
6D;0B27
6
. X <8=
*4?0A0A ;>B CA>I>B 34
20A=4 2D0=3> B4 ;4B 3R ;0
ED4;C0
(4B203> ?
49
58;4C4
6
. X <8=
4 B4A =424B0A8> 0T038A
06D0 ID<> 34 ;8<U= >
E8=>
A0C8=03>B ?
49
;0B0T0
20=4;>=4B
6
. X <8=
D0A=828>=4B
0AA>I ?0BC0B
6
6
. X <8=
. X <8=
T038A 0;6> 34 ;S@D83>
-4A3DA0 ?
49
6D8B0=C4B
1AU2D;8 I0=07>A80B
6
6
. X <8=
. X <8=
D1A8A 4; 5>=3> 34;
A428?84=C4 2>= 06D0
B?8=020B 2>= =0C0
6
. X <8=
>28=0A B8= 0T038A B0;
)4-6;)51-6;7 ,)415-6;7:
%$) %) / ,(*$)
<9<0.? @62:=?2 9. C.7699. @</?2 9. /.@2 129 0<:=.?A6U
:2;A< 12 0<006R;
).=.? @62:=?2 9<@ .96:2;A<@ (6 ;< @2 16@=<;2 12 B;.
A.=. .120B.1. =.?. 29 ?206=62;A2 BA696G.? B; =9.A< <
=.=29 2@=206.9 =.?. :60?<<;1.@
$*
%4=V ?;0C> 2><18=03>
?;0C> ?A42>28=03>
X2><?>=4=C4B
'2A6?.? 29 2:/.9.72 12 9<@ =9.A<@ =?20<06;.1<@ (6 @2
BA696G. C.7699. .=A. =.?. :60?<<;1.@ @2 0.962;A.; :N@
?N=61. F B;63<?:2:2;A2 "<@ 16@A6;A<@ 0<:=<;2;A2@
12 9<@ .96:2;A<@ =B212; =?2@2;A.? A.:/6O; 1632?2;U
06.@ 2; 29 A62:=< >B2 ;202@6A.; =.?. 0.92;A.?@2
B.;1< @2 0.962;A2; 9P>B61<@ 6;A?<1B06? @62:=?2 B;.
0B05.?. 12;A?< 129 ?206=62;A2 =.?. 2C6A.? 29 ?2A.?1< 12
2/B99606R; 9 ?2A.?1< 12 2/B99606R; 2@ B; 32;R:2;< 2;
29 0B.9 @2 .90.;G. 9. A2:=2?.AB?. 12 2/B99606R; @6; >B2
.@062;1.; 9.@ AP=60.@ /B?/B7.@ 12 C.=<? ". :N@ 92C2
@.0B161. 129 ?206=62;A2 /.@A. =.?. >B2 @2 6;6062 B;.
2/B99606R; A.?1P. F 29 9P>B61< 0.962;A2 @2 12??.:2 <
@.9=6>B2 0<; 3B2?G. @A< =B212 <0.@6<;.? 92@6<;2@ F
>B2:.1B?.@
.? 9. CB29A. < ?2:<C2? 9.@ .96:2;A<@ C.?6.@ C202@
:62;A?.@ @2 2@AN; 0.92;A.;1< <;A?<9.? 9. A2:=2U
?.AB?.
*;. C2G 0.92;A.1<@ 127.? ?2=<@.? 9<@ =9.A<@ 12 .
T:6;BA<@ =.?. >B2 @2 64B.92 9. A2:=2?.AB?.
%*$) "
#(%%$) *%)
#&% #$+*%)
%$) %) / ,(*$)
. X <8=
41830B
<;
<;
<;
. L X <8=
. X <8=
. X <8=
!=CA>3D28A D=0 2D270A0 4= 4;
A428?84=C4
$0B 141830B
0;2>7U;820B => 3414=
20;4=C0AB4 4= 4G24B>
>=CA>;0A 34 E4I 4= 2D0=3>
><830 ?0A0 141RB ?
49
1814A>=4B
<;
<;
<;
. L <8=
. L X <8=
. X <8=
*8= C4C8=0 > C0?034A0
68C0A
184= B84<?A4 34B?DRB 34
20;4=C0A
68C0A;> 184= 34B?DRB
34 20;4=C0A
J!=38B?4=B01;4
2><?A>10A ;0 C4<?4A0CDA0
*>?0
6
6
. X <8=
. X <8=
0A=4 4= B0;B0
6
. X <8=
(>C094
6
6
. X <8=
. X <8=
C0I0
C0I0B
*4?0A0A ;>B CA>I>B 34 20A=4
-4A3DA0 ?>A28U=
?>A28>=4B
$*
%*$) "
#(%%$) *%)
#&% #$+*%)
6
6
. X <8=
. X <8=
7++1G6 ,- )415-6;7:
%$) %) / ,(*$)
B.;A< :2;<? @2. 9. .9AB?. 12 9<@ .96:2;A<@ 0<;
:.F<? ?.=612G @2 0<06;.?N; &<? A.;A< 0<;C62;2
0<9<0.? 9.@ C6.;1.@ 12 9. 3<?:. :N@ .=9.;.1. =<@6/92
12;A?< 129 ?206=62;A2
<06;.? 9<@ .96:2;A<@ 2; ?206=62;A2@ A.=.1<@ @
0<;C2;62;A2 ?2:<C2?9<@ < 1.?92@ 9. CB29A.
2;A?2:216.@
"<@ .96:2;A<@ @B292; 0<;@2?C.? @B @./<? 0.?.0A2?P@U
A60< &<? 2@A. ?.GR; 29 2:=92< 12 @.9 B <A?<@ 0<;16U
:2;A<@ 12/2 @2? :<12?.1<
*;. C2G 0<06;.1<@ 127.? ?2=<@.? 9<@ =9.A<@ 12 .
T:6;BA<@ =.?. >B2 @2 64B.92 9. A2:=2?.AB?.
$* %*$ " #(%%$)
$,*%)
+(4$ $ #$+*%)
%$) %) / ,(*$)
(>;;> 4=C4A> 5A4B2>
B8= ESB24A0B
6
. X <8=
0A ;0 ED4;C0 D=0 E4I
CA0=B2DAA830 ;0 <8C03 34;
C84<?>
8;4C4 34 ?4B203>
5A4B2>
B03> 34 20A=4
?82030
6
. X <8=
6
. X <8=
-4A3DA0B 5A4B20B
6
6
. X <8=
. X <8=
6
6
6
. X <8=
. X <8=
. X <8=
>AC0A ;0B ?0C0C0B 4= CA>I>B
86D0;4B
T038A >
2D270A030B 34 06D0 ?>A
2030 6 H A4<>E4A
6
6
. X . X <8=
. X . X <8=
T038A 3>1;4 20=C8303 34
;S@D83>
D0A=828>=4B ?
49
?0C0C0B
0AA>I
,C8;8I0A ;0 ?0AA8;;0 2><>
B>?>AC4
T038A
2D270A030B 34 06D0
>AC0A ;0B E4A3DA0B 4=
CA>I>B 86D0;4B
T038A >
2D270A030B 34 06D0 ?>A
2030 6 34 E4A3DA0
$* %*$ " #(%%$)
$,*%)
+(4$ $ #$+*%)
%$) %) / ,(*$)
D;24B ?
49
5;0=8=BC0=CO=4>
<;
. X <8=
5ADC0 2><?>C0
6
. X <8=
)428?84=C4 B8= C0?0
)4<>E4A 184= 4; 5;0= >
E424B 3DA0=C4 4; ?A>24B>
2>= ;0 E0A8;;0 10C83>A0
76:-27: 89C+;1+7:
8)9) <:)9 -4
51+9776,):
% ) $+$*($ (($) $
" +(% %($**,% ("*,) " $* "#$*% '+ )
) &(&((
(A>;>=60A > A43D28A 4= C0; 20B> ;0 3DA028U= 34; 282;> 34 2>228U=
4= 5D=28U= 34 ;0 B86D84=C4 A46;0 1OB820
>1;4 20=C8303
20B8 4; 3>1;4 34 C84<?> 34 2>228U=
%8C03 34 ;0 20=C8303 <8C03 34; C84<?> 34 2>228U=
" "#$*% )" #)%
)%
9DBC0A D= C84<?> 34 2>228U= <OB 2>AC> > B4;4228>=0A D=0
?>C4=280 34; <82A>>=30B <4=>A ;0 ?AUG8<0 E4I
D1A8A 4;
0;8<4=C> 2>= D=0 C0?0 H 06A460A <OB ;S@D83>
" "#$*% $% ) )%$"% $% )*1 "$* %
$% )*1 $ )+ &+$*% &)( ( *($)+((% " *#&%
&(%(#%
D<4=C0A ;0 3DA028U= 34; 282;> 34 2>228U=
$0B 6A0=34B
20=C83034B 34 2><830 H ;>B 0;8<4=C>B <OB 0;C>B =424B8C0= <OB
C84<?> ?0A0 2>24AB4
$ ,0 *($)+((% " *#&%
%4$ " &"*% )*1
#)% "$* $ "%)
%() &(% $ " $*(% *%,3
$% )*1 ")*%
)4<>E4A 4; 0;8<4=C> 3DA0=C4 4; 282;> 34 2>228U=
*4;4228>=0A ;0
?AUG8<0 E4I D=0 ?>C4=280 <4=>A H D= C84<?> 34 2>228U= <OB
?A>;>=603>
)&+2) " )%$"4$
") ,) % " ($ ) $
#&0% %( &%( +(
&(% &%( $*(% *%,3 $% )*1$
)%$")
*4;4228>=0A D=0 ?>C4=280 8=54A8>A ;0 ?AUG8<0 E4I
*8 B4 CA0C0 34
6A0=34B 20=C83034B 34 2><830 30A ;0 ED4;C0 E0A80B E424B 0 ;>B
0;8<4=C>B @D4 B4 34B2>=64;0=
751,): ,- 89<-*) :-/H6 @A<@ =9.A<@ @2 BA696G.; 2; 02;A?<@ 12 0<;A?<9 =.?.
0<:=?</.? 9. 0.961.1 F 29 3B;06<;.:62;A< 12 9<@
.=.?.A<@ :60?<<;1.@
7++1G6 H61+)5-6;- +76
51+9776,):
"*%
%*$ " #(%%$) $ ,*%)
+(4$ $ #$+*%)
%$) %) / ,(*$)
$4274 34 7D4E> W6
E0C8>B <8= E0C8>B X<8=
(HA4G
8I2>27> 6
E0C8>B X<8=
(HA4G N 2<
B03> 34 20A=4 ?82030
6
E0C8>B X<8=
%>;34 A42C0=6D;0A (HA4G
2< ;0A6>
,C8;8I0A ;0 ?0AA8;;0 2><> BD?4A58284 ?0A0 ;0 E098;;0
-:+76/-4)9 H61+)5-6;+76 -4 51+9776,):
"*%
%*$ " #(%%$) ,*%)
+(4$ $ #$+*%)
%$) %) / ,(*$)
0A=4 6
(A>6A0<0 6
> E0C8>B <8= E0C8>B X<8=
(HA4G N 2<
7;1+1):
CL,P,/NYW Mcb/ST
?Y m6b5E6/cb S5LYW NbM65L5cS5LYW m6bE56 $/00
AY
b-M6/SS/ Ec,H5J,6bN L,- R, J5L/6b/ 5M,R,SS5/ S,g/W
eb6N/ b S,J//N-k fT5 LY m5cUfbT/ S/R,EYL,/N5/
UJ5L5cZ-TLb/ 5T m6bH5T5Lc/Sbk EcjJ , T,MP/ S,J/PS5H5
b L/6S5H5 m5N5hSbM, S, MU=S/
Ick T5H5 fT5EY L m5cS5N 5EX/N/ m5cZR5L,TZ-k L-/Nb
T/=Sbf/-MbNb m6/bNUh/-TL,Nb NbM65L5cS5L5H5 m6bE56,
m5P,cUW-T, bRUfbT/ J,SS5/ 6UM5L5J-TL5 m5
iM-mcU,T,lbb
%Hc,Lc/Sb/ m5RL5cbT ?,N EY-T65 S,WTb L-j
S/5E=5JbNUj bSe56N,lbj
QJ/-Z ?Y 5RS,M5NbT/-Z - L,PSYNb UM,R,SbkNb m5 E/R5m,-S5-Tb
b
URS,/T/ Sj,S-Y 5TJ/cZSY= URc5L ?,g/H5 S5L5H5 m6bE56,
NY -5 -L5/W -T565SY m5N5P/N ?,N S,-T65bTZ /H5 L
-55TL/T-TLbb - L,gbNb m6/Jm5fT/SbkNb
? T,Ecbl,= ?Y S,WJdT/ 6/M5N/SJ,lbb m5 m6bH5T5Lc/Sbj EcjJ b
SUPSY/ U-T,S5LMb
?-/ 6/l/mTY b U-T,S5LMb EYcb
m6/JL,6bT/cZS5 m65T/-Tb65L,SY L S,g/W MU=S/-TUJbb
? -cUf,/ L5RSbMS5L/Sbk S/b-m6,LS5-Tb RJ/-Z ?Y S,WJdT/
bSe56N,lbj M,M -,NbN U-T6,SbTZ N/cMb/ S/m5c,JMb
,J//N-k fT5 m6bH5T5Lc/Sb/ mbhb J5-T,LbT L,N NS5H5
m6bkTSY= NbSUT
,03>
(->? 4 3>.> '2I34> F/6/J N5ST,P5N CM,R,Sbk m5 E/R5m,-S5-Tb CM,R,Sbk m5 b-m5cZR5L,Sbj
NbM65L5cS5L5H5 6/PbN, F6bfbSY m5L6/PJ/SbW (->?93G 54>?>2H>G 5I.-.> !C 3-86 I>' F,S/cZ Um6,Lc/Sbk `c/N/STY Um6,Lc/Sbk F6bS,Jc/PS5-Tb ?SUT6/SS// m65-T6,S-TL5 (, I-8/ >I?92-3>/ C-T,S5LM, L6/N/Sb -UT5M F6/JL,6bT/cZS,k fb-TM, m6bS,Jc/PS5-T/W !.?FB3> > -8.?FB3> I>' #>.-?38 CM,R,Sbk m5 LYE56U m5-UJY QS,f/Sbk N5hS5-Tb NbM65L5cS C-T,S5LM, N5hS5-Tb NbM65L5cS +I?3>4?9386 0>/ C-T,S5LM, J5m5cSbT/cZS5H5 6/PbN, (*// -4/4>B.* I>*4-?3>G ,-T65WM, m65H6,NN &/M5N/SJ,lbb Jck m65H6,NNY ,LT5N,Tbf/-M5H5
m6bH5T5Lc/Sbk EcjJ (/G49 5=6,S/Sb/ U-T,S5L5M L m,NkTb MTbLbR,lbk eUSMlbb m,NkTb ,03>
=?.4338 B8 Ib-mc/W L6/N/Sb B,WN/6 ?6/Nk LYm5cS/Sbk C-T,S5LM, L6/N/Sb -UT5M :2/33> '2-8
543-. D,R5LY/ U-T,S5LMb % , > B>4. ^b-Tkhb/ -6/J-TL, >I-34> > /34 B,Ecbl, S/b-m6,LS5-T/W ->3G ?50' B/=Sbf/-Mb/ =,6,MT/6b-TbMb (44>-3 ,?G - 3C6 .5 345,>> &,RN56,PbL,Sb/ 6,R5H6/L,Sb/ b J5L/J/Sb/
EcjJ J5 H5T5LS5-Tb m6b m5N5hb NbM65L5cS &/M5N/SJ,lbb m5 b-m5cZR5L,Sbj NbM65L5cS "34?93 '?F, I (->? 4 3>.> '2I34>
?SbN,T/cZS5 bRUfbT/ J,SS5/ 6UM5L5J-TL5 m5
iM-mcU,T,lbb
%S5 m5N5P/T L,N S,UfbTZ-k
m6,LbcZS5 b E/R5m,-S5 m5cZR5L,TZ-k m6bE565N
+6,SbT/ 6UM5L5J-TL5 m5 iM-mcU,T,lbb b N5ST,PU
L S,J/PS5N N/-T/
F6b m/6/J,f/ m6bE56, S5L5NU
Lc,J/cZlU S/ R,EUJZT/ m/6/J,TZ T,MP/ iTb
J5MUN/STY
(, /340/
(-0,3>G I>
43I4>-.
&,-m,MUWT/ b 5-N5T6bT/ m6bE56
? -cUf,/
5ES,6UP/Sbk m5L6/PJ/SbW -LkR,SSY= T6,S-m56Tb65LM5W S/ m5JMcjf,WT/ /H5
(,.?FB3> .
E?.44>
F5JMcjf/Sb/ m6bE56, J5cP/S m65bRL5JbTZ T5cZM5
ML,cbeblb65L,SSYW -m/lb,cb-T
F5L6/PJ/Sbk
bRR, S/m6,LbcZS5H5 m5JMcjf/Sbk m6bL5JkT M
-SkTbj H,6,STbWSY= 5EkR,T/cZ-TL
%43-. >
I,.?FB3>
5EcjJ,WT/ -m/lb,cZSY/ bS-T6UMlbb m5 N5ST,PU
%.23>G I
'2I34>
I,SSYW m6bE56 m6/JS,RS,f/S T5cZM5 Jck
EYT5L5H5 b-m5cZR5L,Sbk
[-m5cZRUWT/ m6bE56
T5cZM5 Jck m6bH5T5Lc/Sbk EcjJ b S,mbTM5L
Q,m6/h,/T-k b-m5cZR5L,Sb/ m6bE56, E/R
m6b-N5T6, LR65-cYNb b J/TZNb L -c/JUjhb=
-cUf,k=
m6b S,cbfbb 5H6,Sbf/SbW m5 ebRbf/-M5NU bcb
m-b=bf/-M5NU -5-T5kSbj
m6b 5T-UT-TLbb S/5E=5JbNY= RS,SbW b 5mYT,
m5 m6,LbcZS5NU b E/R5m,-S5NU m5cZR5L,Sbj
m6bE565N
bM5HJ, S/ m5RL5ckWT/ J/TkN E,c5L,TZ-k m6bE565N
)GBG 'BG
./
%m,-S5-TZ 5P5H,
/ m6bM,-,WT/-Z M H56kfbN LS/gSbN
m5L/6=S5-TkN S,H6/L,T/cZSY= m6bE565L b mcbT
%TM6YL,WT/ JL/6Z m6bE56, - 5-T565PS5-TZj
[R
S// N5P/T LY6L,TZ-k H56kfbW m,6
/ m5RL5ckWT/
J/TkN m5J=5JbTZ EcbRM5
%m,-S5-TZ L5RH56,Sbk
/ =6,SbT/ c/HM5L5-mc,N/Skjhb/-k m6/JN/TY L
6,E5f/W M,N/6/ JU=5L5H5 gM,e,
/ 5TM6YL,WT/ JL/6lU m6bE56, /-cb LSUT6b
5E6,R5L,c-k JYN
?YMcjfbT/ m6bE56
%T-5/JbSbT/
m6bE56 5T ic/MT65-/Tb bcb LYMcjfbT/
-55TL/T-TLUjhbW m6/J5=6,SbT/cZ L Ec5M/
m6/J5=6,SbT/c/W
%m,-S5-TZ M565TM5H5 R,NYM,Sbk
/ J5mU-M,WT/ R,h/Nc/Sbk -5/JbSbT/cZSY=
m65L5J5L ic/MT65m6bE565L H56kf/W JL/6l/W
m6bE56,
[R5cklbk M,E/ck N5P/T 6,-mc,LbTZ-k
%m,-S5-TZ 5P5H,
Q,m6/h,/T-k H5T5LbTZ EcjJ, - E5cZgbN
M5cbf/-TL5N ,cM5H5cZSY= S,mbTM5L
F,6Y ,cM5H5ck
N5HUT L-mY=SUTZ L 6,E5f/W M,N/6/
I5E,LckWT/ L
EcjJ, T5cZM5 S/E5cZg5/ M5cbf/-TL5 S,mbTM5L LY-5MbN -5J/6P,Sb/N -mb6T, b 5-T565PS5
5TM6YL,WT/ JL/6lU
)GB>
I>3,?034>
%m,-S5-TZ 5P5H,
F6b LYSbN,Sbb bR m6bE56, H56kfb=
m6bS,Jc/PS5-T/W bcb m5-UJY b-m5cZRUWT/
m6b=L,TMb
(-0,3> ,-H8
I>' >?> 5I?43>4?G
Uh/-TLU/T 5m,-S5-TZ -/6Z/RS5H5 Uh/6E,
RJ565LZj
/ b-m5cZRUWT/ m6bE56 /-cb m5L6/PJ/SY JL/6l,
bcb // Umc5TSbT/cZ
?5RN5P/S LY=5J iS/6Hbb
NbM65L5cS S,6UPU
F6bE565N N5PS5 m5cZR5L,TZ-k
T5cZM5 m5-c/ S,Jc/P,h/H5 6/N5ST,
(0--C>
I- 34>
Uh/-TLU/T 5m,-S5-TZ -/6Z/RS5H5 Uh/6E,
RJ565LZj
/J5-T,T5fS,k 5fb-TM, m5L/6=S5-T/W N5P/T
m6bL/-Tb -5 L6/N/S/N M 6P,Lc/Sbj m6bE56,
?5RN5P/S LY=5J iS/6Hbb NbM65L5cS S,6UPU
&/HUck6S5 m65L5JbT/ 5fb-TMU m6bE56,
3G486 .I5
%m,-S5-TZ UJ,6, T5M5N
bM5HJ, S/ -SbN,WT/ M56mU- - m6bE56,
F6bE56
6,E5T,/T m5J LY-5MbN S,m6kP/Sb/N
Uh/-TLU/T 5m,-S5-TZ -/6Z/RS5H5 Uh/6E,
RJ565LZj
bM5HJ, S/ -SbN,WT/ M56mU- - m6bE56,
@56mU5Ec,J,/T R,hbTSYNb -L5W-TL,Nb b S/ m5RL5ck/T
LYWTb iS/6Hbb NbM65L5cS R, m6/J/cY m6bE56,
)GB> >?> -?038
I,/48 G,/ I>'/
%m,-S5-TZ M565TM5H5 R,NYM,Sbk
/ m5cZRUWT/-Z m6bE565N m6b -cbgM5N LY-5M5W
T/Nm/6,TU6/ bcb -Y65-Tb
.-?>A>H>-3386
/34
%m,-S5-TZ UJ,6, T5M5N
F6b S/ML,cbeblb65L,SS5N 6/N5ST/ m6bE56 N5P/T
-T,TZ b-T5fSbM5N 5m,-S5-Tb
\jEY/ 6/N5STSY/
6,E5TY b R,N/S, m65L5J5L b T6UE J5cPSY
LYm5cSkTZ-k T5cZM5 -m/lb,cb-T,Nb -/6Lb-S5W
-cUPEY m65g/JgbNb -m/lb,cZS5/ 5EUf/Sb/
bM5HJ, S/ L-M6YL,WT/ M56mU- m6bE56,
F6bE56
6,E5T,/T m5J LY-5MbN S,m6kP/Sb/N
@56mU5Ec,J,/T R,hbTSYNb -L5W-TL,Nb b S/ m5RL5ck/T
LYWTb iS/6Hbb NbM65L5cS R, m6/J/cY m6bE56,
-cb m6bE56 S/b-m6,L/S 5TMcjfbT/
m6/J5=6,SbT/cZ L Ec5M/ m6/J5=6,SbT/c/W bcb
LYSZT/ LbcMU -/T/L5H5 m65L5J, bR 65R/TMb
?YR5LbT/ -m/lb,cb-T, /6Lb-S5W -cUPEY
%.23>G I
>I?92-3>F
/>.-?3-*
0>/
(>*4-?3> I>D>
%m,-S5-TZ L5RH56,Sbk
[-m5cZRUWT/ 6/PbN NbM65L5cS T5cZM5 Jck
m6bH5T5Lc/Sbk m6bH5JSY= Jck iT5H5 m65JUMT5L
\jE5/ J6UH5/ b-m5cZR5L,Sb/ N5P/T EYTZ
5m,-SYN bcb -T,TZ m6bfbS5W m5L6/PJ/SbW
,m6bN/6 M6UmkSY/ bcb R/6S5LY/ m5JUg/fMb m6b
6,R5H6/L,Sbb N5HUT L-mY=SUTZ
(5,
%m,-S5-TZ T6,LNb65L,Sbk
? 6UfM,= b M6YgM,= e,6e565L5W b M/6,Nbf/-M5W
m5-UJY N5HUT EYTZ N/cMb/ JY65fMb R, M5T56YNb
S,=5JkT-k mU-T5TY
F6b m65SbM,Sbb L iTb mU-T5TY
Lc,Hb m5-UJ, N5P/T T6/-SUTZ
/ m5cZRUWT/-Z m5-UJ5W S/m6bH5JS5W Jck
b-m5cZR5L,Sbk L NbM65L5cS5L5N 6/PbN/
%m,-S5-TZ 5P5H,
F6b 6,R5H6/L,Sbb EcjJ, m5-UJ, T5P/ N5P/T
S,H6/TZ-k
^T5EY LYSUTZ m5-UJU b
m6bS,Jc/PS5-Tb b-m5cZRUWT/ m6b=L,TMb
#D349 />.-?3 >
-/G -2,64->G
%m,-S5-TZ L5RH56,Sbk
/cZRk U-T,S,LcbL,TZ -cbgM5N E5cZgUj N5hS5-TZ
bcb 5f/SZ JcbT/cZS5/ L6/Nk
F65JUMTY N5HUT
L-mY=SUTZ b m5L6/JbTZ m6bE56
?-/HJ, -c/JUWT/
UM,R,SbkN m6bL/J/SSYN L J,SS5N 6UM5L5J-TL/
m5 iM-mcU,T,lbb
%I.-.
%m,-S5-TZ L5RH56,Sbk
bM5HJ, S/ 6,R5H6/L,WT/ /JU L T/6N5-T,Tbf/-M5W
Um,M5LM/
&,R5H6/L,TZ m65JUMTY L M5ST/WS/6,= bR
mc,-TN,--Y EUN,Hb bcb J6UHb= L5-mc,N/Skjhb=-k
m6/JN/T5L N5PS5 T5cZM5 m5J S,EcjJ/Sb/N
%m,-S5-TZ 5P5H,
G/6N/TbfS5 R,m,kSS,k Um,M5LM, m6b S,H6/L,Sbb
N5P/T c5mSUTZ
F6bJ/6PbL,WT/-Z UM,R,SbW
m6bL/J/SSY= S, Um,M5LM/
?YSbN,k EcjJ, L-/HJ,
m5cZRUWT/-Z m6b=L,TM,Nb
I>4.>
%m,-S5-TZ 5gm,6bL,Sbk
F6b 6,R5H6/L,Sbb PbJM5-Tb L5RN5PS5
R,m,RJYL,Sb/ R,Mbm,Sbk
? iT5N -cUf,/
T/Nm/6,TU6, R,Mbm,Sbk J5-TbH,/T-k E/R
5E6,R5L,Sbk L PbJM5-Tb =,6,MT/6SY= mURY6ZM5L
I,P/ m6b S/RS,fbT/cZS5N -5T6k-/Sbb /NM5-Tb
H56kf,k PbJM5-TZ N5P/T LS/R,mS5 S,f,TZ -bcZS5
Mbm/TZ b E6YRH,TZ
F6b S,H6/L,Sbb PbJM5-Tb L-/HJ, Mc,JbT/ L
/NM5-TZ c5PMU
Dc,H5J,6k iT5NU UJ,/T-k
bRE/P,TZ R,J/6PMb R,Mbm,Sbk
%m,-S5-TZ LR6YL,
bM5HJ, S/ 6,R5H6/L,WT/ /JU bcb S,mbTMb L
mc5TS5 R,M6YT5W m5-UJ/
/cZRk -bcZS5 S,H6/L,TZ ,cM5H5cZSY/ S,mbTMb
+4. I>43>
%m,-S5-TZ 5P5H,
/ 6,R5H6/L,WT/ J/T-M5/ mbT,Sb/ L R,M6YT5W
m5-UJ/
?-/HJ, -SbN,WT/ M6YgMU bcb -5-MU
F5-c/ S,H6/L, =565g5 m/6/N/g,WT/ bcb
LRE5cT,WT/ -5J/6PbN5/ fT5EY T/mc5 6,LS5N/6S5
6,-m6/J/cbc5-Z m5 L-/NU 5EX/NU
F/6/J T/N M,M M56NbTZ 6/E/SM, m65L/6ZT/
T/Nm/6,TU6U
(,5.48 - .05
>?> C.5.6
%m,-S5-TZ 5P5H,
/cZRk L,6bTZ kWl, L -M56cUm/
bM5HJ, S/
6,R5H6/L,WT/ L,6dSY/ kWl, %Sb N5HUT
LR56L,TZ-k J,P/ m5-c/ m6/M6,h/Sbk L5RJ/W-TLbk
NbM65L5cS
`T5 5TS5-bT-k T,MP/ M N5ccj-M,N b
6,M55E6,RSYN
F6b m6bH5T5Lc/Sbb kbfSblYHc,RUSZb SUPS5
S,M5c5TZ P/cT5M
C m65JUMT5L mbT,Sbk - P/-TM5W M5PU65W bcb
gMU6M5W S,m6bN/6 kEc5M T5N,T5L M,6T5e/ck
-5-b-5M M5PU6, N5P/T c5mSUTZ
,M5cbT/ M5PU6U
bcb gMU6MU m/6/J m6bH5T5Lc/Sb/N
5C. I,5.4-
%m,-S5-TZ L5RH56,Sbk
/ -UgbT/ m65JUMTY L 6/PbN/ NbM65L5cS
(,5.48 3>2.>/
,03>/ -?*>
%m,-S5-TZ L5RH56,Sbk
/ 6,RN56,PbL,WT/ b S/ H5T5LZT/ m65JUMTY SbRMbN -5J/6P,Sb/N L5JY S,m6bN/6 =c/E m6b
LY-5M5W N5hS5-Tb NbM65L5cS bcb -cbgM5N J5cH5/
L6/Nk
4>4?93 /?
%m,-S5-TZ L5RH56,Sbk
bM5HJ, S/ 6,R5H6/L,WT/ 6,-TbT/cZS5/ N,-c5 L
6/PbN/ NbM65L5cS
(>B>38
I-0,3>6
!, - *GB6 ./
bM5HJ, S/ LcbL,WT/ L5JU L H56kfUj 6,E5fUj
M,N/6U
`T5 N5P/T m6bL/-Tb M 5E6,R5L,Sbj m,6,
[RR, EY-T65H5 bRN/S/Sbk T/Nm/6,TU6Y N5HUT
L5RSbMSUTZ m5L6/PJ/Sbk S, M/6,Nbf/-M5W SbPS/W
m,S/cb
?0,3> I>' 4.846 ,-H6
&,E5fUj M,N/6U -c/JU/T 5=c,PJ,TZ T5cZM5 R,M6YT5W JL/6l/W
Q,m6/h,/T-k ebM-b65L,TZ
JL/6lU L 5TM6YT5N -5-T5kSbb M,MbNcbE5
m6/JN/T5N
I,P/ /-cb JL/6l, m6bE56, EUJ/T
m65-T5 m6b5TM6YT, -5 L6/N/S/N iT5 N5P/T
m6bL/-Tb M m5L6/PJ/Sbj -5-/JSb= N/E/cZSY=
e,-,J5L
>?93 2*G233>
5I?43>4?6
-cb Umc5TSbT/cZ JL/6lY -bcZS5 R,H6kRSdS
JL/6l, S/ EUJ/T mc5TS5 R,M6YL,TZ-k
`T5 N5P/T
m6bL/-Tb M m5L6/PJ/Sbj m5L/6=S5-Tb -T5kh/W
6kJ5N N/E/cb
c/JbT/ R, fb-T5T5W Umc5TSbT/ck
JL/6lY
0>/ />.-?3 I>
I54/ I>'
?Mcjf,WT/ 6/PbN NbM65L5cS T5cZM5 m6b S,cbfbb
L 6,E5f/W M,N/6/ m65JUMT5L
F6b LMcjf/Sbb
E/Rm65JUMT5L L5RN5PS, m/6/H6URM, m6bE56,
[-Mcjf/Sb/N kLck/T-k M6,TM5L6/N/SS,k m65L/6M,
m5-UJY " # #! #
(->?93G 54>?>2H>G 5I.-.>
CTbcbRb6UWT/ Um,M5LMU - -5EcjJ/Sb/N m6,Lbc
iM5c5Hbf/-M5W E/R5m,-S5-Tb
I,SSYW m6bE56 bN//T 5TN/TMU 5 -55TL/T-TLbb
/L65m/W-MbN S56N,N Jck
ic/MT6bf/-Mb= b ic/MT65SSY= m6bE565L <,9:/
/2/-:81-,2 ,4. /2/-:8541- /7;163/4: *
I,SSY/ S56NY 5m6/J/ckjT J/W-TLUjhb/ S,
T/66bT56bb m6,Lbc, L5RL6,T, b UTbcbR,lbb
-T,65W EYT5L5W T/=SbMb
!C 3-86 I>'
? iT5W Hc,L/ ?Y m5cUfbT/ bSe56N,lbj 5
m,S/cb Um6,Lc/Sbk
ic/N/ST,= Um6,Lc/Sbk
m6bS,Jc/PS5-Tk=
(3?9
5I-?3>G
`c/MT65SSY/ f,-Y
A5hS5-TZ I5m5cSbT/cZSYW
NbM65L5cS
6/PbN
]USMlb5S,cZS,k MS5mM,
F5L565TSYW
m/6/Mcjf,T/cZ
`c/N/STY
Um6,Lc/Sbk
Gc,LSYW LYMcjf,T/cZ
@S5mM, F65H6,NN,MH
&UfM, LYE56,
m65H6,NN
=?/348
5I-?3>G
=?/348 5I-?3>G
:I?92-3>
?YE56 N5hS5-Tb NbM65L5cS ?,TT
?YE56 N5hS5-Tb NbM65L5cS ?,TT
?YE56 N5hS5-Tb NbM65L5cS ?,TT
?YE56 N5hS5-Tb NbM65L5cS ?,TT
?YE56 N5hS5-Tb NbM65L5cS ?,TT
?YE56 J5m5cSbT/cZS5H5 6/PbN,
]USMlb5S,cZS,k MS5mM,
?YE56 T6/EU/N5W eUSMlbb L6/N/Sb
F5L565TSYW m/6/Mcjf,T/cZ
?Ym5cS/Sb/ U-T,S5L5M L 6,NM,= 5m6/J/c/SS5W
eUSMlbb L6/N/Sb
Gc,LSYW LYMcjf,T/cZ
?Mcjf/Sb/ b LYMcjf/Sb/ m6bE56,
?YE56 m65H6,NNY ,LT5N,Tbf/-M5H5 m6bH5T5Lc/Sbk
F/6/Mcjf,T/cZ m65H6,NN
?YE56 m65H6,NNY bcb L/-,
// m5N5hZj 5TM6YL,/T-k JL/6l, m6bE56,
?YE56 6/PbN, m,NkTb
"565TM5/ S,P,Tb/ MTbLbRb65L,TZ5-T,S5LbTZ
6/PbN
F65J5cPbT/cZS5/ S,P,Tb/ %TN/SbTZ 6/PbN
#D349 />.-?3 >
E?/348 5I-?3>G
F6b S,P,Tbb S, MS5mMU R,H56,/T-k
-55TL/T-TLUjh,k bSJbM,lbk
%4I?>-/8
I.?FB4?>
F5L565TSYW m/6/Mcjf,T/cZ b m/6/Mcjf,T/cZ
m65H6,NN N5HUT UT,mcbL,TZ-k L m,S/cZ
Um6,Lc/Sbk
^T5EY R,ebM-b65L,TZ bcb
6,-ebM-b65L,TZ m/6/Mcjf,T/cZ S,PNbT/
S, S/H5
(>3,?034>
? M5Nmc/MT,lbj ?,g/H5 m6bE56, L=5JkT
-c/JUjhb/ m6bS,Jc/PS5-Tb
C@4.
L M,f/-TL/ m5J-T,LMb
Jck m5-UJY
!35433
I434-
?0,FD>6
-34>?G4
F6bE56 5-S,hdS 5=c,PJ,jhbN L/STbckT565N
?/STbckT56 N5P/T m65J5cP,TZ 6,E5T,TZ J,P/
m5-c/ LYMcjf/Sbk m6bE56,
%.23>G
?5 L6/Nk 6,E5TY L NbM65L5cS5L5N 6/PbN/
m6bE56 S/ S,H6/L,/T-k
B/N S/ N/S// LMcjf,/T-k
5=c,PJ,jhbW L/STbckT56
?/STbckT56 N5P/T
m65J5cP,TZ 6,E5T,TZ J,P/ m5-c/ LYMcjf/Sbk
NbM65L5cS5L5H5 6/PbN,
, -T/Mc/ JL/6lY LSUT6/SSb= -T/SM,= b JS/
6,E5f/W M,N/6Y N5P/T 5E6,R5LYL,TZ-k
M5SJ/S-,T
`T5 S56N,cZS5/ kLc/Sb/ S/
5M,RYL,jh// 5T6bl,T/cZS5H5 L5RJ/W-TLbk S,
eUSMlb5Sb65L,Sb/ m6bE56,
F5 5M5Sf,Sbb
m6bH5T5Lc/Sbk m65-T5 LYT6bT/ M5SJ/S-,T
(, I-8/ >I?92-3>/
[R iT5W Hc,LY LY URS,/T/ 5 T5N fT5 LY J5cPSY
-J/c,TZ m/6/J T/N M,M L m/6LYW 6,R S,f,TZ
H5T5LbTZ /JU L NbM65L5cS5L5W m/fb
F6/PJ/
L-/H5 LSbN,T/cZS5 bRUfbT/ Hc,LU #
M,M m5-c/ m5JMcjf/Sbk m6bE56, M ic/MT65-/Tb
U-T,S5LbTZ L6/Nk
%43-.
-/3> 54.
, Jb-mc// L6/N/Sb LY-L/fbL,jT-k b
-bNL5cY
C-T,S5LbT/ T/MUh// L6/Nk -UT5M m5L565TSYN
m/6/Mcjf,T/c/N
,PNbT/ eUSMlb5S,cZSUj MS5mMU
C-T,S5LM, m6bSbN,/T-k
:2/33> -/3>
54.
^T5EY L J,cZS/Wg/N bRN/SbTZ L6/Nk -UT5M
S,PbN,WT/ S, eUSMlb5S,cZSUj MS5mMU J5 T/=
m56 m5M, S/ LY-L/TkT-k -bNL5cY b [RN/SbT/ T/MUh// L6/Nk -UT5M m5L565TSYN
m/6/Mcjf,T/c/N
%.23>
^T5EY UN/SZgbTZ m5T6/Ec/Sb/ ic/MT65iS/6Hbb
L,gbN m6bE565N N5PS5 5TMcjfbTZ Jb-mc/W
L6/N/Sb
Ick m5cUf/Sbk J5m5cSbT/cZS5W
bSe56N,lbb -N
Hc,LU (,->4?93G
B>4.
I>3,?0346
F/6/J m/6LYN b-m5cZR5L,Sb/N Th,T/cZS5
m5fb-TbT/ m6bS,Jc/PS5-Tb m6b m5N5hb NYcZS5H5
6,-TL56, b NkHM5W T6km5fMb
!.?FB3> > -8.?FB3> I>'
?Mcjf/Sb/ b LYMcjf/Sb/ NbM65L5cS5L5W m/fb
5-Uh/-TLck/T-k Hc,LSYN LYMcjf,T/c/N
!.?FB3>
,PNbT/ Hc,LSYW LYMcjf,T/cZ
?Y-L/fbL,/T-k -bNL5c F6bE56 H5T5L M 6,E5T/
?YE/6bT/ eUSMlbj
@S5mMb LYE56, N5hS5-Tb NbM65L5cS bcb ?T
@S5mM, I5m5cSbT/cZSYW 6/PbN
@S5mM, F65H6,NNY ,LT5N,Tbf/-M5H5
m6bH5T5Lc/Sbk
@S5mM, F65H6,NNY bR m,NkTb
F5J65ES// 5 m65l/JU6,= U-T,S5LMb fbT,WT/
L 5TJ/cZSY= Hc,L,=
!8.?FB3>
,PNbT/ Hc,LSYW LYMcjf,T/cZ
F6bE56 LYMcjf,/T-k
bNL5c H,-S/T
#>.-?38
AbM65L5cSY m65SbM,jT LSUT6Z m65JUMT5L b
m6/5E6,RUjT-k L T/mc5
QJ/-Z m6bL/J/S,
bSe56N,lbk 5 m5-UJ/ b 5E U-T,S5LM,= 6/PbN,
NbM65L5cS
%.23>
? Hc,L/ " m6bL/J/S5 NS5P/-TL5 m6bN/65L
6,RN56,PbL,Sbk 6,R5H6/L,Sbk b m6bH5T5Lc/Sbk
EcjJ L NbM65L5cS5L5N 6/PbN/
%.23>G I
-8'5 I5,8
./3,5/G I5,
[-m5cZRUWT/ P,65m65fSUj m5-UJU bR -T/Mc,
-T/Mc5M/6,NbMb e,6e56, M/6,NbMb bcb
T/6N5-T5WM5W mc,-TN,--Y
`Tb N,T/6b,cY
m65mU-M,jT NbM65L5cSY
/6Lb65L5fS,k m5-UJ, T,MP/ m5J=5JbT Jck iT5H5
6/PbN,
B,MbN 5E6,R5N S/ SUPS5 m/6/Mc,JYL,TZ
EcjJ, bR 5JS5W m5-UJY L J6UHUj
[-m5cZR5L,TZ m5-UJU - R5c5TYN bcb -/6/E6kSYN
56S,N/ST5N N5PS5 T5cZM5 L T5N -cUf,/ /-cb
bRH5T5LbT/cZ m5-UJY H,6,STb6U/T /d m6bH5JS5-TZ
Jck NbM65L5cS5L5H5 6/PbN,
I, ,GDG I5,
A/T,ccbf/-M,k m5-UJ, S/ m5J=5JbT Jck
NbM65L5cS5L5H5 6/PbN,
T,M M,M N/T,cc S/ m65mU-M,/T NbM65L5cSY
?R,M6YT5W N/T,ccbf/-M5W m5-UJ/ EcjJ, S/
6,R5H6/L,jT-k
!3>/3> c/JbT/ R, T/N fT5EY N/T,cc
S,m6bN/6 c5PM, EYc S, 6,--T5kSbb S/ N/S//
-N 5T -T/S5M JU=5L5H5 gM,e, b LSUT6/SS/W
-T565SY JL/6lY
[-M65LY/ 6,R6kJY N5HUT
m5L6/JbTZ -T/Mc5 JL/6lY
(-. I5,8
?Mcjf,TZ 6/PbN/ NbM65L5cS - mU-T5W m5-UJ5W
R,m6/h,/T-k
JbS-TL/SSYN b-Mcjf/Sb/N kLck/T-k 5mb-,SSYW
SbP/ T/-T
-cb ?Y S/ UL/6/SY fT5 m5-UJ, m5J=5JbT Jck
NbM65L5cS m65bRL/JbT/ -c/JUjhUj m65L/6MU
m5-T,LZT/ mU-TUj m5-UJU S, NbSUTU L
m6bE56 m6b N,M-bN,cZS5W N5hS5-Tb
F5-c/ iT5H5
m65L/6ZT/ T/Nm/6,TU6U
F5-UJ, J5cPS, EYTZ
=5c5JS5W bcb S,H6/TZ-k J5 T/Nm/6,TU6Y
J5mU-M,jh/W m6bM5-S5L/Sb/ 6UM5W
-cb m5-UJ,
-bcZS5 S,H6/L,/T-k bcb m65b-=5JbT b-M6/Sb/ T5
5S, S/m6bH5JS,
13B3>G
/D34>
/>.-?3
m5N5hZj iTb= MS5m5M ?Y N5P/T/ U-T,S5LbTZ
S/5E=5JbNUj N5hS5-TZ NbM65L5cS
?T
Jck 6,RN56,PbL,Sbk S/PSY= EcjJ
?T
Jck 6,RN56,PbL,Sbk b J5L/J/Sbk J5
H5T5LS5-Tb
?T
Jck TUg/Sbk Nk-, b 6,R5H6/L,Sbk
S/PSY= EcjJ
?T
Jck 6,R5H6/L,Sbk EcjJ b J5L/J/Sbk
b= J5 H5T5LS5-Tb
?T
Jck 6,R5H6/L,Sbk PbJM5-T/W
F6b S,P,Tbb S, MS5mMU R,H56,/T-k LYE6,SS,k
N5hS5-TZ
%.23>
A,M-bN,cZSUj N5hS5-TZ NbM65L5cS L ?T LY
N5P/T/ U-T,S5LbTZ N,M-bNUN S, NbSUT
F6b
J6UHb= N5hS5-Tk= L6/Nk m6bH5T5Lc/Sbk N5P/T
-5-T,LckTZ J5 NbSUT
%43-.
/D34>
/>.-?3
,m6bN/6 N5hS5-TZ NbM65L5cS ?T L6/Nk
m6bH5T5Lc/Sbk NbSUT
,PNbT/ Hc,LSYW LYMcjf,T/cZ
?Y-L/fbL,/T-k -bNL5c F6bE56 H5T5L
M6,E5T/
,PNbT/ MS5mMU T6/EU/N5W N5hS5-Tb
NbM65L5cS
, Jb-mc// LY-L/fbL,/T-k LYE6,SS5/ RS,f/Sb/
N5hS5-Tb b m5kLck/T-k 6/M5N/SJU/N5/ L6/Nk
m6bH5T5Lc/Sbk
F5L565TSYN m/6/Mcjf,T/c/N U-T,S5LbT/ L6/Nk
m6bH5T5Lc/Sbk
,PNbT/ MS5mMU &/PbN ,MTbLbRb6U/T-k
, Jb-mc// S,fbS,/T-k
5E6,TSYW 5T-fdT L6/N/Sb
( >4B3>> -/3>
&,RJ,dT-k -bHS,c
AbM65L5cS5LYW 6/PbN
R,L/6gdS
?Y N5P/T/ R,6,S// 5TMcjfbTZ RLUM5L5W
-bHS,c eUSMlb5S,cZS5W MS5mM5W f,-5L ?YMcjfbT/ Hc,LSYW LYMcjf,T/cZ bcb LYm5cSbT/
S5LY/ U-T,S5LMb
4.8-3> ,-H8
I>' - -/G
'48
&,E5T, m6b5-T,S,LcbL,/T-k
F5-c/ R,M6YL,Sbk
JL/6lY S,PNbT/ MS5mMU
F6bE56 L5R5ES5Lck/T
6,E5TU
:2/33> -/3>
I>*4-?3>G
`T5 L5RN5PS5 L cjE5W N5N/ST
[RN/SbT/ L6/Nk
m6bH5T5Lc/Sbk m5L565TSYN m/6/Mcjf,T/c/N
:2/33> /D34>
/>.-?3
,PNbT/ MS5mMU J6UH5W N5hS5-Tb NbM65L5cS
C-T,S5LbT/ L6/Nk m6bH5T5Lc/Sbk m5L565TSYN
m/6/Mcjf,T/c/N b -S5L, LMcjfbT/ m6bE56
4/3 0>/
CJ/6PbL,WT/ MS5mMU S,P,T5W L T/f/Sb/
S/-M5cZMb= -/MUSJ b LYMcjfbT/ Hc,LSYW
LYMcjf,T/cZ
%.23>G
-cb LY LMcjf,/T/ m6bE56 Hc,LSYN
LYMcjf,T/c/N S, Jb-mc// L-/HJ, m5kLck/T-k
m6/Jc5P/Sb/ LYE6,TZ S,bE5cZgUj N5hS5-TZ
NbM65L5cS
?/STbckT56 N5P/T m65J5cP,TZ 6,E5T,TZ J,P/
m6b 5TM6YL,Sbb JL/6lY m6bE56,
+I?3>4?9386 0>/ I5m5cSbT/cZSYW 6/PbN m5RL5ck/T U-T,S5LbTZ J5
T6/= RS,f/SbW N5hS5-Tb NbM65L5cS b L6/N/Sb
m6bH5T5Lc/Sbk
[R iT5W Hc,LY LY URS,/T/ M,M U-T,S5LbTZ
J5m5cSbT/cZSYW 6/PbN
(5,
%43-.
,I?3>4?93*
0>/
?-/HJ, b-m5cZRUWT/ P,65m65fSUj m5-UJU
m5J=5JkhUj Jck NbM65L5cS5L5W m/fb
/5E=5JbNY/ U-c5Lbk S,PNbT/ Hc,LSYW
LYMcjf,T/cZ
F6bE56 H5T5L M 6,E5T/
,PNbT/ MS5mMU ?Y-L/fbL,/T-k -bNL5c m/6L5H5
J5m5cSbT/cZS5H5 6/PbN,
C-T,S5LbT/ m/6L5/ RS,f/Sb/ N5hS5-Tb
NbM65L5cS b L6/N/Sb m6bH5T5Lc/Sbk
F5LT56S5 S,PNbT/ MS5mMU ?Y-L/fbL,/T-k -bNL5c LT565H5
J5m5cSbT/cZS5H5 6/PbN,
C-T,S5LbT/ LT565/ RS,f/Sb/ N5hS5-Tb
NbM65L5cS b L6/N/Sb m6bH5T5Lc/Sbk
F5LT56S5 S,PNbT/ MS5mMU ?Y-L/fbL,/T-k -bNL5c T6/TZ/H5
J5m5cSbT/cZS5H5 6/PbN,
C-T,S5LbT/ T6/TZ/ RS,f/Sb/ N5hS5-Tb
NbM65L5cS b L6/Nk m6bH5T5Lc/Sbk
( >4B3>> -/3>
,PNbT/ MS5mMU &/PbN ,MTbLbRb6U/T-k
, Jb-mc// L6/N/Sb
5T5E6,P,/T-k 5Eh// L6/Nk m6bH5T5Lc/Sbk b
,MTbLSYW J5m5cSbT/cZSYW 6/PbN
&,RJ,dT-k -bHS,c
I5m5cSbT/cZSYW 6/PbN
R,L/6gdS
?Y N5P/T/ R,6,S// 5TMcjfbTZ RLUM5L5W
-bHS,c eUSMlb5S,cZS5W MS5mM5W f,-5L ?YMcjfbT/ m6bE56 bcb LYm5cSbT/ S5LY/
U-T,S5LMb
4.8-3> ,-H8
I>' - -/G
'48
&,E5T, m6b5-T,S,LcbL,/T-k
%=c,PJ,jhbW
L/STbckT56 N5P/T m65J5cP,TZ 6,E5T,TZ
F5-c/
R,M6YL,Sbk JL/6lY m5LT56S5 S,PNbT/ MS5mMU
F6bE56 L5R5ES5Lck/T 6,E5TU
:2/33> 543-.
[RN/S/Sb/ U-T,S5L5M L5RN5PS5 T5cZM5 J5
R,mU-M,
?YE/6bT/ T6/EU/NUj U-T,S5LMU MS5mM5W
b LS/-bT/ bRN/S/Sbk
4/3 0>/
,PNbT/ -L/TkhUj-k MS5mMU U-T,S5Lc/SS5W
N5hS5-Tb NbM65L5cS
?Ym5cSbT/ S5LY/ U-T,S5LMb
bcb LYMcjfbT/ m6bE56
(>43-. 0>/
@565TM5 S,PNbT/ MS5mMU m6bE56 L5R5ES5Lck/T 6,E5TU
,PNbT/ MS5mMU
(*// -4/4>B.*
I>*4-?3>G
m5N5hZj m65H6,NNY ,LT5N,Tbf/-M5H5
m6bH5T5Lc/Sbk ?Y N5P/T/ 5f/SZ m65-T5 H5T5LbTZ
EcjJ,
UPS5 LYE6,TZ m65H6,NNU b UM,R,TZ L/m65JUMT5L
%mTbN,cZSUj U-T,S5LMU m6/Jc5PbT
m65H6,NN, ,LT5N,Tbf/-M5H5 m6bH5T5Lc/Sbk
?Y
N5P/T/ LYE6,TZ 5JSU bR m65H6,NN
46.
I*//
-cb m65H6,NN, LYE6,S, LYm5cSbT/ S,-T65WMb
M,M 5mb-,S5 J,c//
?McjfbT/ Hc,LSYW
LYMcjf,T/cZ
F6bN/6 S, 6b-USM/ m65H6,NN, Jck L/-, MH
,PNbT/ MS5mMU , Jb-mc// L6/N/Sb m5kLck/T-k m/6LYW S5N/6
m65H6,NNY
?YE/6bT/ T6/EU/NUj m65H6,NNU - m5N5hZj
m/6/Mcjf,T/ck m65H6,NN
F5LT56S5 S,PNbT/ MS5mMU , Jb-mc// L6/N/Sb 5T5E6,P,/T-k Mbc5H6,NN L M,f/-TL/ 6/M5N/SJU/N5H5 L/-,
F5L565TSYN m/6/Mcjf,T/c/N R,J,WT/ SUPSYW
L/-
,PNbT/ MS5mMU ,fbS,/T-k LYm5cS/Sb/ m65H6,NNY
,Jb-mc// 5T5E6,P,/T-k 5T-fdT L6/N/Sb
m6bH5T5Lc/Sbk b R,H56,/T-k -bNL5c
( 2-C3>>
-8I?33>G I*//8
&,RJ,dT-k -bHS,c
F6bE56 m/6/-T,dT S,H6/L,TZ-k
, Jb-mc// LY-L/fbL,/T-k ,PNbT/ MS5mMU b LYMcjfbT/ Hc,LSYW
LYMcjf,T/cZ
bHS,cN5PS5 R,6,S// 5TMcjfbTZ
MS5mM5W :2/33> I*//
F5-c/ R,mU-M, m65H6,NNY LYE6,TZ J6UHUj
m65H6,NNU bcb bRN/SbTZ L/- UP/ S/L5RN5PS5
4/3 I*//8
CJ/6PbL,WT/ MS5mMU S,P,T5W L T/f/Sb/
S/-M5cZMb= -/MUSJ b LYMcjfbT/ Hc,LSYW
LYMcjf,T/cZ
F6bE56 LYMcjf/S
./3,H>>
,?G I*//8
-4/4>B.*
I>*4-?3>G
'?F,
?YSZT/ m65JUMT bR Um,M5LMb b LRL/-ZT/ /H5
-cb
?Y S/ N5P/T/ 5m6/J/cbTZ T5fSYW L/- T5
5M6UHcbT/ /H5
F5c5PbT/ m65JUMT S, m6bH5JSUj Jck NbM65L5cS
mc5-MUj m5-UJU S,m6bN/6 -T/MckSSUj bcb
e,6e565LUj T,6/cMU b S/ S,M6YL,WT/ /H5
M6YgM5W
F5N/-TbT/ m65JUMTY L =5c5JSUj m/fZ
B,EcblU 6/M5N/SJU/NY= m65JUMT5L Jb,m,R5S5L
L/-, b S/5E=5JbNY= m6bS,Jc/PS5-T/W ?Y S,WJ/T/
L m6bc5P/Sbb M 6/M5N/SJ,lbkN
/cZRk U-T,S,LcbL,TZ L/- LS/ UM,R,SS5H5
Jb,m,R5S,
F6b m6bH5T5Lc/Sbb NS5Hb= EcjJ ?Y f/6/R
S/M5T565/ L6/Nk U-cYgbT/ -bHS,c
F/6/L/6SbT/
m65JUMT bcb m/6/N/g,WT/ /H5
2/0>-3>
F5 L5RN5PS5-Tb R,N56,PbL,WT/ m65JUMTY
T5SMbNb MU-M,Nb b =6,SbT/ m6b T/Nm/6,TU6/
O
CMc,JYL,WT/ R,N565P/SSY/ m65JUMTY L mc5-MUj
m5-UJU S,m6bN/6 L -T/MckSSUj bcb e,6e565LUj
T,6/cMU
F5-c/ LYm5cS/Sbk m65H6,NNY 6,RN56,PbL,Sbk
5-T,LZT/ m65JUMT /h/ S, oo NbSUT Jck
LY6,LSbL,Sbk T/Nm/6,TU6Y
F6b 6,RN56,PbL,Sbb Nk-, mTblY bcb 6YEY
5E6,RU/T-k PbJM5-TZ
b L M5/N -cUf,/ S/cZRk
b-m5cZR5L,TZ // Jck J,cZS/Wg/W H5T5LMb 5S,
T,MP/ S/ J5cPS, -5m6bM,-,TZ-k - J6UHbNb
m65JUMT,Nb
F6b m/6/L56,fbL,Sbb m65JUMT,
UJ,ckWT/ iTU PbJM5-TZ
G5LkJbSU E,6,SbSU b -LbSbSU UMc,JYL,WT/ S,
m5-UJU Pb65LYN -c5/N LSbR
&,RN56,PbL,WT/ =c/E T5cZM5 L S/5E=5JbNY=
M5cbf/-TL,= T,M M,M 5S EY-T65 f/6-TL//T
?5 L6/Nk 6,RN56,PbL,Sbk S/-M5cZM5 6,R
m/6/L56,fbL,WT/ -SbN,k UP/ 6,RN565P/SSYW
e,6g
a/cUj mTblU UMc,JYL,WT/ L m5-UJU H6UJM5W LSbR
MU-5fMb mTblY M5P/W LSbR
"4A?9
%TL,6S5W M,6T5e/cZ m56/PZT/ S, MU-5fMb
5JbS,M5L5W L/cbfbSY
, M,PJY/ H
M,6T5e/ck J5E,LZT/ JL/ -T5c5LY/ c5PMb L5JY b
h/m5TMU -5cb
@,6T5e/cZ L NUSJb6/ L5RZNbT/ M,6T5e/cbSY
5JbS,M5L5W L/cbfbSY
?YN5WT/ b= b m65TMSbT/
M5PU6U L S/-M5cZMb= N/-T,=
F5c5PbT/ /h/
Lc,PSYW M,6T5e/cZ L m5-UJU E/R L5JY
>
F6b L,6M/ M6UmY 5E6,RU/T-k NS5H5 m/SY
[-m5cZRUWT/ LY-5MUj m5-UJU - M6YgM5W
C-T,S5LbT/ L/- M6UmY E/R PbJM5-Tb
@5cbf/-TL5 PbJM5-Tb J5E,Lc/SS5W L 6b- J5cPS5
L oo 6,R, m6/LYg,TZ /H5 5EX/N
/ b-m5cZRUWT/ 6b- EY-T65H5 m6bH5T5Lc/Sbk L
m,M/TbM,=
-D>
L/Pb/ 5L5hb m56/PZT/ S, MU-5fMb 5JbS,M5L5W
L/cbfbSY
, M,PJY/ H J5E,LZT/ JL/
-T5c5LY= c5PMb L5JY
Q,N565P/SSY/ 5L5hb m5J=5JkT T5cZM5
Ec,Sgb65L,SSY/ 5L5hb , S/ m6bH5T5Lc/SSY/
m/6/J R,N565RM5W
/ m5J=5JkT 5L5hb HcUE5M5W
R,N565RMb -5 -cbL5fSYN -5U-5N
, M,PJY/ H J5E,LZT/ ooo-T5c5LY= c5PMb L5JY
Ick
gmbS,T, b M6,-S5M5f,SS5W M,mU-TY L5JU
J5E,LckTZ S/ -c/JU/T
!/G -8,0.>
/M5T56Y/ EcjJ, m5-c/ m6bH5T5Lc/Sbk T6/EUjT
/h/ S/M5T565H5 L6/N/Sb LYJ/6PMb L m/fb
DcjJ5
?6/Nk LYJ/6PMb
%L5hb
5M
NbSUT
@,6T5e/cZ
5M
NbSUT
F/6/J iTbN -c/WT/ 5E6,R5L,LgUj-k
L5JU
&b-
NbSUT
/ m65mU-TbT/ -bHS,cY Jck m/6/N/gbL,Sbk b
m/6/L56,fbL,Sbk m65JUMT5L
(,5.48
/
I*//8
+>I23
-
(5,
I>3,?034>
Ak-5 b mTbl,
P,6M5/
m56lb5SSY/ MU-Mb
Nk-S5W e,6g
lYmc/S5M mUck6M, UTM,
&
MH
Fc5-M,k m5-UJ,
E/R M6YgMb
&YE,
6YE, l/cbM5N 6YES5/ ebc/
6YESY/ M5Tc/TY
&
MH
Fc5-M,k m5-UJ,
E/R M6YgMb
+c/E b mb65Hb
=c/E EU=,SMb M6UHcYW bcb
m65J5cH5L,TYW =c/E c5NTbM,Nb
-J5ESYW mb65H mb65H bR
J65PP/L5H5 T/-T, e6UMT5LYW
mb65H
&
MH
Fc5-M,k m5-UJ,
E/R M6YgMb
@,6T5e/cZ
5TL,6S5W M,6T5e/cZ M,6T5e/cZ L
NUSJb6/
&
MH
F5-UJ, M6YgM5W
&b-
&
MH
?Y-5M,k m5-UJ,
- M6YgM5W
%L5hb -L/Pb/ m65JUMTY
lL/TS,k M,mU-T, E65MM5cb
N56M5LZ M5cZ6,Eb R/cdSYW cUM
-c,JMbW m/6/l M,E,fMb lUMMbSb
&
MH
F5-UJ, M6YgM5W
%L5hb R,N565P/SSY/
lL/TS,k M,mU-T, E65MM5cb
N56M5LZ M5cZ6,Eb M6,-S5M5f,SS,k
M,mU-T, gmbS,T
&
MH
F5-UJ, M6YgM5W
2/0>-3>
+-,3> , *4-34>
/cZRk LYm/M,TZ T56TY -5 -cbLM,Nb mb65Hb - M6/N5N mb65Hb - R,cbLM5W
Hc,RU6Zj bcb - P/c,TbS5N
(/G49
]USMlbk m,NkTb m5RL5ck/T -5=6,SkTZ b L cjE5W
N5N/ST LYRYL,TZ bSJbLbJU,cZS5 -5-T,Lc/SSY/
m65H6,NNY
Ick iT5 m6/JU-N5T6/SY JL/ kf/WMb
m,NkTb # b #
a/c/-55E6,RS5 b-m5cZR5L,TZ
eUSMlbj m,NkTb Jck EcjJ M5T56Y/ LY H5T5LbT/
f,h/ L-/H5
[R iT5W Hc,LY LY URS,/T/
M,M -5=6,SkTZ m65H6,NNY L m,NkTb b
M,M R,mU-M,TZ m65H6,NNY bR m,NkTb
33>
543-. I/G4>
,PNbT/ Hc,LSYW LYMcjf,T/cZ
?Y-L/fbL,/T-k -bNL5c F6bE56 H5T5L M
6,E5T/
,PNbT/ MS5mMU T6/EU/N5W N5hS5-Tb
NbM65L5cS
, Jb-mc// LY-L/fbL,/T-k LYE6,SS5/ RS,f/Sb/
N5hS5-Tb b m5kLck/T-k 6/M5N/SJU/N5/ L6/Nk
m6bH5T5Lc/Sbk
F5L565TSYN m/6/Mcjf,T/c/N U-T,S5LbT/ L6/Nk
m6bH5T5Lc/Sbk
I/6PbT/ S,P,T5W MS5mMU L T/f/Sb/
S/-M5cZMb= -/MUSJ
&,RJ,dT-k -bHS,c
C-T,S5LM, -5=6,S/S, L
m,NkTb b N5P/T EYTZ ,MTbLbRb65L,S, L cjE5W
N5N/ST
33> 3-8
543-.
?Ym5cSbT/ S5LY/ U-T,S5LMb b -5=6,SbT/ b= L
m,NkTb
T,6Y/ U-T,S5LMb m6b iT5N S/
-5=6,SkjT-k
.4>->2H>G
A53.H>> I/G4>
5=6,SdSSY/ L m,NkTb U-T,S5LMb N5PS5
,MTbLbRb65L,TZ L cjE5W N5N/ST
,PNbT/ Hc,LSYW LYMcjf,T/cZ
?Y-L/fbL,/T-k -bNL5c F6bE56 H5T5L M
6,E5T/
,PNbT/ MS5mMU , Jb-mc// 5T5E6,P,jT-k -5=6,SdSSY/ L
m,NkTb U-T,S5LMb
,PNbT/ MS5mMU F65H6,NN, bR m,NkTb ,MTbLbRb6U/T-k
, Jb-mc//
S,fbS,/T-k 5E6,TSYW 5T-fdT L6/N/Sb %.23>G
F5-c/ R,mU-M, m65H6,NNY bRN/SbTZ S5N/6 kf/WMb
m,NkTb UP/ S/L5RN5PS5
C-T,S5Lc/SSY/ m65H6,NNY -5=6,SkjT-k L m,NkTb
b m5-c/ 5TMcjf/Sbk ic/MT65iS/6Hbb
( >4B3>> -/3>
&,RJ,dT-k -bHS,c
?Ym5cS/Sb/ m65H6,NNY bR
m,NkTb R,L/6g/S5
?Y N5P/T/ R,6,S// 5TMcjfbTZ
RLUM5L5W -bHS,c eUSMlb5S,cZS5W MS5mM5W
f,-5L
?YMcjfbT/ m6bE56 Hc,LSYN
LYMcjf,T/c/N bcb LYm5cSbT/ S5LY/ U-T,S5LMb
(>43-.
,PNbT/ MS5mMU bcb 5TM65WT/ JL/6lU m6bE56,
&,E5T, m6b5-T,S,LcbL,/T-k
F5-c/ R,M6YL,Sbk
JL/6lY m5LT56S5 S,PNbT/ MS5mMU F6bE56
L5R5ES5Lck/T 6,E5TU
4/3 543-.
I/6PbT/ S,P,T5W MS5mMU L T/f/Sb/ S/-M5cZMb=
-/MUSJ
C-T,S5LM, -E6,-YL,/T-k
?Ym5cSbT/ S5LY/
U-T,S5LMb bcb LYMcjfbT/ Hc,LSYW LYMcjf,T/cZ
=?.4338 B8
?,g m6bE56 bN//T 6,RcbfSY/ eUSMlbb L6/N/Sb
[R iT5W Hc,LY LY URS,/T/
fT5 m6/J-T,Lck/T -5E5W Jb-mc/W L6/N/Sb
M,M U-T,S,LcbL,TZ T,WN/6
M,M U-T,S5LbTZ m6bE56 S, ,LT5N,Tbf/-M5/
LYMcjf/Sb/ L6/Nk LYm5cS/Sbk
M,M U-T,S5LbTZ bcb bRN/SbTZ L6/Nk -UT5M
+>I?6 -/3>
]USMlb5S,cZS,k F5L565TSYW
MS5mM,
m/6/Mcjf,T/cZ
;53.H>> -/3>
:I?92-3>
B,WN/6 N5PS5 b-m5cZR5L,TZ S,m6bN/6 m6b L,6M/
kbl bcb M,M 5EYfSYW EYT5L5W T,WN/6
B,WN/6
F6bE56 S/ LMcjf,/T-k b S/ LYMcjf,/T-k
,LT5N,Tbf/-Mb
?6/Nk LYm5cS/Sbk
F5 b-T/f/Sbb U-T,S5Lc/SS5H5 L6/N/Sb LYm5cS/Sbk
S,m6bN/6 f,-5L m6bE56 ,LT5N,Tbf/-Mb
LYMcjf,/T-k
?6/Nk -UT5M
C-T,S5LM, L6/N/Sb -UT5M
%.23>G
A/PJU b f,-,Nb Jb-mc/W H,-S/T
/-cb L iT5T m65N/PUT5M S/ LYm5cSkjT-k
SbM,Mb/ U-T,S5LMb b S/ ,MTbLbRb65L,SY
SbM,Mb/ eUSMlbb L6/N/Sb
F5 b-T/f/Sbb L6/N/Sb U-T,S5Lc/SS5H5 Jck
eUSMlbW T,WN/6, b L6/N/Sb
LYm5cS/Sbk 6,RJ,/T-k RLUM5L5W -bHS,c b
S, Jb-mc// NbH,/T -55TL/T-TLUjhbW -bNL5c
^T5EY R,6,S// 5TN/SbTZ RLUM5L5W -bHS,c
S,PNbT/ eUSMlb5S,cZSUj MS5mMU
F6b S/5E=5JbN5-Tb N5PS5 M566/MTb65L,TZ
U-T,S5LMb m5L565TSYN m/6/Mcjf,T/c/N
-cb LY =5TbT/ -E65-bTZ U-T,S5LMU L/6SbT/
U-T,S5Lc/SS5/ L6/Nk S, b LYMcjfbT/
m6bE56
!.?FB3> >
-8.?FB3> ,>I?G
-/3>
,PNbT/ b UJ/6PbL,WT/ eUSMlb5S,cZSUj
MS5mMU L T/f/Sb/ S/-M5cZMb= -/MUSJ
Ib-mc/W L6/N/Sb LYMcjf,/T-k
-cb 5JS, bR
eUSMlbW L6/N/Sb ,MTbLS, -55TL/T-TLUjhbW
-bNL5c m65J5cP,/T H56/TZ
,PNbT/ b UJ/6PbL,WT/ eUSMlb5S,cZSUj
MS5mMU L T/f/Sb/ S/-M5cZMb= -/MUSJ
Ib-mc/W L6/N/Sb LMcjf,/T-k
$6/
,PbN,WT/ eUSMlb5S,cZSUj MS5mMU J5 T/=
m56 m5M, S/ LY-L/TkT-k -bNL5cY b C-T,S5LbT/ L6/Nk m6bH5T5Lc/Sbk m5L565TSYN
m/6/Mcjf,T/c/N S,m6bN/6n NbSUT
C-T,S5LM, ,LT5N,Tbf/-Mb m6bSbN,/T-k
F5 b-T/f/Sbb U-T,S5Lc/SS5H5 L6/N/Sb
6,RJ,dT-k RLUM5L5W -bHS,c
,PNbT/ eUSMlb5S,cZSUj MS5mMU
,Jb-mc// -S5L, m5kLck/T-k L6/Nk -UT5M
!/G
-8I?33>G
LT5N,Tbf/-M5/ LYMcjf/Sb/ m5 b-T/f/Sbb
U-T,S5Lc/SS5H5 L6/N/Sb
C-T,S5LbT/ RS,f/Sb/ N5hS5-Tb NbM65L5cS
,PbN,WT/ eUSMlb5S,cZSUj MS5mMU J5 T/=
m56 m5M, S/ LY-L/TkT-k -bNL5cY b
C-T,S5LbT/ L6/Nk LYm5cS/Sbk m5L565TSYN
m/6/Mcjf,T/c/N S,m6bN/6f,-
C-T,S5LM, ,LT5N,Tbf/-Mb m6bSbN,/T-k
,PNbT/ MS5mMU ,fbS,/T-k 5E6,TSYW 5T-f/T U-T,S5Lc/SS5H5
L6/N/Sb LYm5cS/Sbk
( >4B3>> -/3>
&,RJ,dT-k -bHS,c
F6bE56 m/6/-T,dT S,H6/L,TZ-k
, Jb-mc// LY-L/fbL,/T-k ?Y N5P/T/ R,6,S// 5TMcjfbTZ RLUM5L5W -bHS,c
eUSMlb5S,cZS5W MS5mM5W f,-5L :2/33> -/3>
I>*4-?3>G
?Y N5P/T/ bRN/SbTZ L6/Nk L cjE5W N5N/ST
' -/3>
I>*4-?3>G
E65-ZT/ U-T,S5Lc/SS5/ L6/Nk S, m5L565TSYN m/6/Mcjf,T/c/N
^/6/R S/-M5cZM5
-/MUSJ U-T,S5LM, EUJ/T m6bSkT,
?6/Nk
m6bH5T5Lc/Sbk -E65g/S5
1I 543-.
-/3>
-cb LYm5cS/S5 S/-M5cZM5 S,-T65/M L6/N/Sb S,
Jb-mc// EUJUT H56/TZ -55TL/T-TLUjhb/
-bNL5cY
F/6/J -bNL5c5N U-T,S5LMb L6/N/Sb
M5T56,k 5T5E6,P,/T-k S, Jb-mc// -T5bT
-bNL5c
^T5EY R,m65-bTZ m5M,R,Sbk T,WN/6, L6/Nk
LYm5cS/Sbk bcb L6/Nk -UT5M S,PbN,WT/
eUSMlb5S,cZSUj MS5mMU J5 T/= m56 m5M,
m/6/J -55TL/T-TLUjh/W U-T,S5LM5W L6/N/Sb S/
m5kLbT-k -bNL5c 55TL/T-TLUjh// RS,f/Sb/
S, S/-M5cZM5 -/MUSJ m5kLck/T-k S, Jb-mc//
L6/N/Sb
%43-.
-/3> 54.
,PbN,WT/ eUSMlb5S,cZSUj MS5mMU J5 T/=
m56 m5M, S/ LY-L/TkT-k -bNL5cY b
C-T,S5LbT/ T/MUh// L6/Nk -UT5M m5L565TSYN
m/6/Mcjf,T/c/N
,PNbT/ eUSMlb5S,cZSUj MS5mMU
C-T,S5LM, m6bSbN,/T-k
:2/33> -/3>
54.
,m6bN/6 m6b m/6/=5J/ - c/TS/H5 S, RbNS//
L6/Nk
?Ym5cSbT/ U-T,S5LMU M,M 5mb-,S5 L mUSMT,= b
:2/33> '2-8
543-.
?,g m6bE56 bN//T 6,RcbfSY/ E,R5LY/ U-T,S5LMb
M5T56Y/ EYcb -J/c,SY S, R,L5J/
F5 N/6/
S,J5ES5-Tb LY N5P/T/ bRN/SbTZ iTb E,R5LY/
U-T,S5LMb
&2-8
543-.>
? T,Ecbl/ m6/J-T,Lc/SY L-/ L5RN5PSY/ E,R5LY/
U-T,S5LMb b L,6b,STY bRN/S/Sbk b= RS,f/SbW
&2-G 543-.
!2/038 23B3>G
(G33>G
F65J5cPbT/cZS5-TZ
RLUM5L5H5 -bHS,c,
-6/JSkk NbSUTY
M565TM,k -/MUSJ
JcbSS,k NbSUT
bHS,c m5 b-T/f/Sbb
L6/N/Sb m6bH5T5Lc/Sbk
QLUM S,P,Tbk MS5m5M
LMcjfdS
QLUM S,P,Tbk MS5m5M
LYMcjf/S
bHS,c m5JTL/6PJ/Sbk
m6b S,P,Tbb MS5mMb
F6bE56 J5cP/S EYTZ LYMcjf/S
,PbN,WT/ MS5mMU L T/f/Sb/ S/-M5cZMb=
-/MUSJ
, Jb-mc// f,-5L m5kLck/T-k m/6L,k E,R5L,k
U-T,S5LM,
,PbN,WT/ MS5mMU m5M, S/ EUJ/T
5T5E6,P,TZ-k SUPS,k E,R5L,k U-T,S5LM,
m5N5hZj 6/HUckT56, T/Nm/6,TU6Y LYm5cSbT/
SUPSUj U-T,S5LMU
? R,Mcjf/Sb/ m5J/6PbT/ S,P,T5W MS5mMU L
T/f/Sb/ S/-M5cZMb= -/MUSJ
?-/ bRN/S/Sbk E,R5LY= U-T,S5L5M m6b iT5N
m6bSbN,jT-k
?Y N5P/T/ L cjE5/ L6/Nk -S5L, bRN/SbTZ
U-T,S5LMb
% , > B>4.
F6b Th,T/cZS5N U=5J/ b 5fb-TM/ L,g,
NbM65L5cS5L,k m/fZ S,J5cH5 -5=6,SbT -L5j
m6bLc/M,T/cZS5-TZ b eUSMlb5S,cZS5-TZ
? J,SS5N
6UM5L5J-TL/ m5 iM-mcU,T,lbb m6bL5JbT-k 5mb-,Sb/
m6,LbcZS5H5 U=5J, b m6,LbcZS5W 5fb-TMb m6bE56,
%m,-S5-TZ M565TM5H5 R,NYM,Sbk
bM5HJ, S/ b-m5cZRUWT/ 5fb-TbT/cb LY-5M5H5
J,Lc/Sbk b m,65-T6UWSY/ 5fb-TbT/cb
%m,-S5-TZ 5P5H,
?Ym5cSkWT/ 5fb-TMU T5cZM5 m5-c/ LYMcjf/Sbk
m6bE56,
%EkR,T/cZS5 J,WT/ m6bE56U 5-TYTZ
%.23>G
/E5cZgb/ lL/T5LY/ 5Tcbfbk S, m/6/JS/W m,S/cb
m6bE56, L5RSbM,jT bRR, 6,RcbfSY= N,T/6b,c5L
T,Mb= M,M -T/Mc5 mc,-TN,--, bcb N/T,cc
B/Sb S, -T/Mc/ JL/6lY LYHckJkhb/ M,M 6,RL5JY
S, -,N5N J/c/ kLckjT-k -L/T5N 5T6,P/SSYN 5T
c,Nm5fMb L JU=5L5N gM,eU
/m6bkTSY/ R,m,=b S,m6
m5-c/ m6bH5T5Lc/Sbk
6YEY N5PS5 c/HM5 U-T6,SbTZ
,c/WT/ L f,gMU
L5JY b J5E,LZT/ S/-M5cZM5 M,m/cZ cbN5SS5H5
-5M,
F5c5PbT/ TUJ, c5P/fMU fT5EY
m6/J5TL6,TbTZ R,m,RJYL,Sb/ 5E6,R5L,Sbk
mURY6ZM5L
,H6/L,WT/ L5JU L m/fb L T/f/Sb/
NbSUT m6b -,N5W LY-5M5W N5hS5-Tb
NbM65L5cS
<>4GD>
,4-
^T5EY S/ J5mU-TbTZ m5L6/PJ/Sbk 6,RcbfSY=
m5L/6=S5-T/W L 6/RUcZT,T/ m6bN/S/Sbk
S/m5J=5Jkhb= fb-Tkhb= -6/J-TL -c/JUWT/
UM,R,SbkN m6bL/JdSSYN L T,Ecbl/
/ b-m5cZRUWT/
/JMb/ bcb ,E6,RbLSY/ fb-Tkhb/ -6/J-TL,
N/T,ccbf/-Mb/ -M6/EMb bcb -M6/EMb Jck -T/Mc,
Jck 5fb-TMb -T/Mc, JL/6lY
N/T,ccbf/-Mb/ -M6/EMb bcb -M6/EMb Jck
-T/MckSSY= m5L/6=S5-T/W Jck 5fb-TMb
Umc5TSbT/ck JL/6lY
Pd-TMb/ N5f,cMb b HUEMb
F/6/J Um5T6/Ec/Sb/N Th,T/cZS5 N5WT/ HUEMb Jck
NYTZk m5-UJY
13 B>4.>
<>4GD> ,4-
F/6/JSkk m,S/cZ m6bE56,
G56kfbW NYcZSYW 6,-TL56
5fb-TbT/ - m5N5hZj NkHM5W T6km5fMb , R,T/N
LYT6bT/ J5-U=,
/ b-m5cZRUWT/ Jck fb-TMb N/T,ccbf/-Mb/ -M6/EMb
bcb -M6/EMb Jck -T/MckSSY= m5L/6=S5-T/W
/6P,L/jh,k -T,cZ
&,E5f,k M,N/6,
G56kfbW NYcZSYW 6,-TL56
5fb-TbT/ - m5N5hZj NkHM5W T6km5fMb , R,T/N
LYT6bT/ J5-U=,
/N/Jc/SS5 UJ,ckWT/ mkTS, bRL/-Tb
Pb6, M6,=N,c, b kbfS5H5 E/cM,
F5J T,MbNb
mkTS,Nb N5P/T L5RSbM,TZ M5665Rbk
m/lb,cZSY/ -6/J-TL, Jck fb-TMb N/T,ccbf/-Mb=
bRJ/cbW N5PS5 m6b5E6/-Tb L -/6Lb-S5W -cUPE/ bcb
L -m/lb,cbRb65L,SS5N N,H,RbS/
G56kfbW NYcZSYW 6,-TL56 bcb 6,-TL56 UM-U-,
5fb-TbT/ - m5N5hZj NkHM5W T6km5fMb , R,T/N
LYT6bT/ J5-U=,
F6b -bcZS5N R,H6kRS/Sbb
b-m5cZRUWT/ -6/J-TL5 Jck 5fb-TMb JU=5L5M T5cZM5
m5-c/ 5=c,PJ/Sbk 6,E5f/W M,N/6Y
?SUT6/SSb/ m5L/6=S5-Tb bR
S/6P,L/jh/W -T,cb
/ b-m5cZRUWT/ Sb -m6/b Jck JU=5LY= gM,e5L Sb
cjEY/ J6UHb/ ,H6/--bLSY/ 5fb-TbT/cb Jck JU=5LY=
gM,e5L , T,MP/ ,E6,RbLSY/ fb-Tkhb/ -6/J-TL,
@65N/ T5H5 S/ m5J=5JkT Pd-TMb/ N5f,cMb H6UEY/
HUEMb b -6/J-TL, Jck fb-TMb m5-UJY
?-/ iTb
-6/J-TL, l,6,m,jT LSUT6/SSb/ m5L/6=S5-Tb
+565g5 m65-UgbT/ LSUT6/SSb/ m5L/6=S5-Tb
TdMc, JL/6lY
6/J-TL5 Jck 5fb-TMb -TdM5c
5fb-TbT/ - m5N5hZj NkHM5W T6km5fMb
/ b-m5cZRUWT/ Jck fb-TMb N/T,ccbf/-Mb/ -M6/EMb
bcb -M6/EMb Jck -T/MckSSY= m5L/6=S5-T/W
/ -SbN,WT/ Umc5TSbT/cZ
JL/6lY
G56kfbW NYcZSYW 6,-TL56
5fb-TbT/ - m5N5hZj NkHM5W T6km5fMb
/ T6bT/
/ b-m5cZRUWT/ Jck fb-TMb N/T,ccbf/-Mb/ -M6/EMb
bcb -M6/EMb Jck -T/MckSSY= m5L/6=S5-T/W
F6bS,Jc/PS5-Tb
G56kfbW NYcZSYW 6,-TL56
m6/JL,6bT/cZS5 R,N5fbT/ , R,T/N 5fb-TbT/ m5N5hZj NkHM5W T6km5fMb bcb hdTMb
>I-34> > /34
?YR5L -/6Lb-S5W -cUPEY T6/EU/T-k S/ L-/HJ,
? S/M5T56Y= -cUf,k= LY -,Nb N5P/T/ U-T6,SbTZ
S/m5c,JMb
? m6bL/JdSS5W SbP/ T,Ecbl/ LY
S,WJdT/ S/-M5cZM5 -5L/T5L m5 U-T6,S/Sbj
S/b-m6,LS5-T/W
%m,-S5-TZ UJ,6, T5M5N
&,E5TY S,J ic/MT65SbM5W m6bE56, J5cPSY
m65L5JbTZ-k T5cZM5 -m/lb,cb-T5N
?5 L6/Nk 6,E5T - ic/MT65SbM5W m6bE56
S/5E=5JbN5 5E/-T5fbTZ
?McjfbT/ R,hbTSUj
,LT5N,TbMU bcb LYSZT/ m6/J5=6,SbT/cZ bR
Ec5M, m6/J5=6,SbT/c/W
$'?>H
3>I-346
-cb L,N S/ Lm5cS/ UJ,c5-Z EcjJ5 5E6,TbT/-Z M
Hc,L/ " ? S/W LY S,WJdT/ -5L/TY m5
m6bH5T5Lc/Sbj EcjJ
>I-349
!2/03G I>B>3
%433>5.23>G
F6bE56 S/ 6,E5T,/T
/ L-T,Lc/S, LbcM, L
65R/TMU
?-T,LZT/ LbcMU L 65R/TMU
%TMcjf/Sb/
ic/MT65iS/6Hbb
F65L/6ZT/ H56bT cb c,Nm,
S, MU=S/
/b-m6,L/S
m6/J5=6,SbT/cZ
F65L/6ZT/ L m56kJM/ cb
m6/J5=6,SbT/cZ m6bE56, L
Ec5M/ m6/J5=6,SbT/c/W
/m6,LbcZS5/
b-m5cZR5L,Sb/
%TMcjfbT/ m6/J5=6,SbT/cZ
L Ec5M/ m6/J5=6,SbT/c/W
?McjfbT/ /H5 5mkTZ
m6bN/6S5 f/6/R
-/MUSJ
F6bE56 S/ 6,E5T,/T
,
Jb-mc// LY-L/fbL,/T-k L6/Nk
m6bH5T5Lc/Sbk
F5-c/ 5-T,S5LMb S/ EYc,
,PNbT/ MS5mMU bcb
S,P,T, MS5mM, LYMcjfbT/ m6bE56 m5N5hZj Hc,LS5H5
LYMcjf,T/ck
AbM65L5cS5LYW 6/PbN S/
LMcjf,/T-k
IL/6l, R,M6YT, S/mc5TS5
F65L/6ZT/ S/ R,P,TY cb
JL/6l/W 5-T,TMb mbhb bcb
m5-T565SSb/ m6/JN/TY
/ EYc, S,P,T,
MS5mM,
,PNbT/ MS5mMU >I-349
!2/03G I>B>3
%433>5.23>G
DcjJ, 6,R5H6/L,jT-k
N/Jc/SS// f/N 5EYfS5
C-T,S5Lc/S, -cbgM5N
SbRM,k N5hS5-TZ
NbM65L5cS
C-T,S5LbT/ E5c// LY-5MUj
N5hS5-TZ NbM65L5cS
? m6bE56/ S,=5JbT-k
IL5WS5W 5EX/N m5fTb
E5cZgbW 5EX/N m65JUMT5L UJL,bL,/T L6/Nk
f/N 5EYfS5
m6bH5T5Lc/Sbk
,PNbT/ MS5mMU I/6PbT/ MS5mMU &,RJ,dT-k RLUM5L5W -bHS,c
, Jb-mc// NbH,/T
JL5/T5fb/
F6bE56 6,E5T,/T L
6/PbN/ J/N5S-T6,lbb
F6bE56 5TMcjf,/T-k L-M56/
m5-c/ R,mU-M,
, Jb-mc//
LY-L/fbL,/T-k -55Eh/Sb/ 5E
5gbEM/ K V
IL/6l, EYc, R,M6YT,
S/m6,LbcZS5
%TM65WT/ /hd 6,R JL/6lU
b R,M65WT/ /d m6,LbcZS5
/-cb iT5 S/ m5N5P/T
5E6,TbT/-Z L -/6Lb-SUj
-cUPEU
, Jb-mc// LY-L/fbL,/T-k
-55Eh/Sb/ 5E 5gbEM/ KV
IL/6l, EYc, R,M6YT,
S/m6,LbcZS5
?YMcjfbT/ b 5mkTZ
LMcjfbT/ m6bE56
MS5mM5W
, Jb-mc// LY-L/fbL,/T-k
-55Eh/Sb/ 5E 5gbEM/ K8V
I,TfbM T/Nm/6,TU6Y
S/b-m6,L/S
?YR5LbT/ -m/lb,cb-T,
-/6Lb-S5W -cUPEY
, Jb-mc// LY-L/fbL,/T-k
-55Eh/Sb/ 5E 5gbEM/ K8V
@S5mMb R,H6kRSbcb-Z bcb
R,m,J,jT
/-M5cZM5 6,R S,PNbT/ S,
L-/ MS5mMb /-cb iT5 S/
m5N5P/T 5E6,TbT/-Z L
-/6Lb-SUj -cUPEU
, Jb-mc// LY-L/fbL,/T-k
-55Eh/Sb/ 5E 5gbEM/ K8V
bcZSYW m/6/H6/L
/ 5TM6YL,k JL/6lU
L5RN5PS5 LSUT6b 5H5SZ
LYSZT/ LbcMU bR 65R/TMb
cbgM5N LY-5M,k
bcb 5TMcjfbT/
N5hS5-TZ NbM65L5cS
m6/J5=6,SbT/cZ L Ec5M/
m6/J5=6,SbT/c/W J,WT/
m6bE56U 5-TYTZ
, Jb-mc// LY-L/fbL,/T-k
-55Eh/Sb/ 5E 5gbEM/ K8V
B/=Sbf/-M,k
S/b-m6,LS5-TZ
S,P,T5W L T/f/Sb/
-/MUSJ
&/PbN J/N5S-T6,lbb
EUJ/T J/,MTbLbRb65L,S
?YR5LbT/ -m/lb,cb-T,
-/6Lb-S5W -cUPEY
%m,-S5-TZ UJ,6, T5M5N
F6b S/ML,cbeblb65L,SS5N 6/N5ST/ m6bE56 N5P/T
-T,TZ b-T5fSbM5N 5m,-S5-Tb
F5iT5NU 6/N5ST
J5cP/S m65bRL5JbTZ-k T5cZM5 -m/lb,cb-T5N
-/6Lb-S5W -cUPEY m65g/JgbN -m/lb,cZS5/
5EUf/Sb/
->3G ?50'
-cb ?,g m6bE56 SUPJ,/T-k L 6/N5ST/ S,g,
/6Lb-S,k -cUPE, L-/HJ, M ?,gbN U-cUH,N
J6/- b S5N/6 T/c/e5S, EcbP,Wg/W N,-T/6-M5W
LY S,WJdT/ L T/c/e5SS5N -m6,L5fSbM/
?
-/6Lb-SY= l/ST6,= UM,R,SSY= L J,SS5N
6UM5L5J-TL/ ?,N T,MP/ S,R5LUT ,J6/EcbP,Wg/W N,-T/6-M5W
/ > 3/ F6b LYR5L/ -m/lb,cb-T, /6Lb-S5W -cUPEY
L-/HJ, UM,RYL,WT/ S5N/6 bRJ/cbk S5N/6 b
R,L5J-M5W S5N/6 S5N/6 L,g/H5 m6bE56,
]b6N/SS,k T,EcbfM, - S5N/6,Nb S,=5JbT-k S,
LSUT6/SS/W -T565S/ JL/6lY -m6,L,
^T5EY S/ T6,TbTZ L6/Nk S, m5b-M iTb= S5N/65L
LmbgbT/ b= b T/c/e5SSYW S5N/6 -/6Lb-S5W
-cUPEY RJ/-Z
5N/6 /6Lb-S,k -cUPE, 5N/6 $ 3>B.>
.4>4>.>
`c/MT65mbT,Sb/
? Gl
A,M-
5Eh,k
m5T6/Eck/N,k
N5hS5-TZ
?T
A5hS5-TZ NbM65L5cS
?T ! ^,-T5T, NbM65L5cS
AGl
F6/J5=6,SbT/cZ
NbS
&,RN/6Y ?=_=G
m6bE56,
= = -N
6,E5f/W M,N/6Y
= = -N
F65L/6/S )
5jRS/N/lMb=
ic/MT65T/=SbM5L
J,
QS,M J,
I,SSYW m6bE56 -55TL/T-TLU/T S56N,N $ b
!(&' `T5 m6bE56 H6UmmY Mc,--, F6bS,Jc/PS5-TZ M H6Umm/
m6/JS,RS,f/S T5cZM5 Jck
m65JUMT5L
F6bS,Jc/PS5-TZ M Mc,--U
m6bE56 m6/JS,RS,f/S Jck
5RS,f,/T fT5 m6bE56
S,H6/L, mbh/LY=
-LbJ/T/cZ-TLU/T fT5
EYT5L5H5 b-m5cZR5L,Sbk
(44>-3 ,?G - - 3C6
.5 345,>>
? m6bc5P/SSY= T,Ecbl,= LY S,WJdT/ E5cZg5W
LYE56 EcjJ b 5mTbN,cZSY/ U-T,S5LMb Jck b=
m6bH5T5Lc/Sbk
AY 6,--M,P/N ?,N M,M5W
NbM65L5cS5LYW 6/PbN cUfg/ L-/H5 m5J=5JbT Jck
LYE6,SS5H5 EcjJ,
@65N/ T5H5 LY m5cUfbT/
-5L/TY m5 LYE56U m5-UJY b m6bH5T5Lc/Sbj mbhb
%.23>G
QS,f/Sbk m6bL/JdSSY/ L T,Ecbl/ J/W-TLbT/cZSY
/-cb LY U-T,S,LcbL,/T/ EcjJ5 L =5c5JSUj b
mU-TUj 6,E5fUj M,N/6U
F6/JL,6bT/cZSYW
6,R5H6/L SUP/S T5cZM5 L T5N -cUf,/ /-cb iT5
UM,R,S5 L T,Ecbl,=
F/6/J b-m5cZR5L,Sb/N m6bE56, UE/6bT/ bR S/H5
L-/ m6bS,Jc/PS5-Tb M5T56Y/ L,N S/
m5S,J5EkT-k
QS,f/Sbk L6/N/Sb UM,R,SSY/ L T,Ecbl,=
kLckjT-k 56b/STb65L5fSYNb
%Sb R,Lb-kT 5T
M,f/-TL, M5cbf/-TL, b -L5W-TL b-m5cZRU/NY=
m65JUMT5L
[-m5cZRUWT/ L=5Jkhb/ L M5Nmc/MT m5-T,LMb
m6bS,Jc/PS5-Tb
I5m5cSbT/cZSY/ m6bS,Jc/PS5-Tb
LY N5P/T/ m6b5E6/-Tb f/6/R -/6Lb-SUj -cUPEU
bcb L -m/lb,cbRb65L,SS5N N,H,RbS/
?-/HJ, b-m5cZRUWT/ m6b=L,TMb m6b LYSbN,Sbb
H56kfb= m6bS,Jc/PS5-T/W bcb m5-UJY bR 6,E5f/W
M,N/6Y
2/0>-3>
2*-3> >
,-,3> '?F,
, *4-34>
I> I/D>
/>.-?3
? -c/JUjhb= T,Ecbl,= m6bL/J/SY m6bN/6Y
6,RcbfS5H5 b-m5cZR5L,Sbk m/fb b U-T,S5L5fSY/
RS,f/Sbk NbM65L5cS
QS,f/Sbk L6/N/Sb UM,R,SSY/ L T,Ecbl/
kLckjT-k 56b/STb65L5fSYNb
%Sb R,Lb-kT 5T
m5-UJY T/Nm/6,TU6Y , T,MP/ 5T M,f/-TL, b
-L5W-TL m65JUMT5L
? T,Ecbl/ f,-T5 UM,RYL,/T-k Jb,m,R5S RS,f/SbW
L6/N/Sb
S,f,c, U-T,S5LbT/ -,N5/ M565TM5/
L6/Nk , R,T/N m6b S/5E=5JbN5-Tb UL/cbfZT/ /H5
A5P/T -cUfbTZ-k T,M fT5 5EX/N
m6bH5T,LcbL,/NY= m65JUMT5L 5Tcbf,/T-k 5T
UM,R,SS5H5 L T,Ecbl/
? iT5N -cUf,/ J/W-TLU/T 5Eh// m6,Lbc5
IL5WS5W 5EX/N
UJL5/SS,k m65J5cPbT/cZS5-TZ
m5c5LbSSYW 5EX/N m5c5LbS, m65J5cPbT/cZS5-Tb
? m65l/--/ 6,RN56,PbL,Sbk m5cUe,E6bM,T SUPS5
S/-M5cZM5 6,R m/6/N/g,TZ bcb m/6/L/6SUTZ
c/JbT/ R, T/Nm/6,TU65W
2/0>-3>
F5-T,LZT/ R,N565P/SSY/ m65JUMTY L 5TM6YT5W
/NM5-Tb S, JS5 m/fb
? m65l/--/ 6,RN56,PbL,Sbk EcjJ, -c/JU/T
ooo6,R, m/6/L/6SUTZ bcb m/6/N/g,TZ
D5cZgb/
MU-Mb SUPS5 m/6/L56,fbL,TZ S/-M5cZM5 6,R
F6b 6,RN56,PbL,Sbb Nk-, mTblY bcb 6YEY
5E6,RU/T-k PbJM5-TZ
b L M5/N -cUf,/ S/cZRk
b-m5cZR5L,TZ // Jck J,cZS/Wg/W H5T5LMb 5S,
T,MP/ S/ J5cPS, -5m6bM,-,TZ-k - J6UHbNb
m65JUMT,Nb
F6b m/6/L56,fbL,Sbb m65JUMT,
UJ,ckWT/ iTU PbJM5-TZ
%-T,LZT/ 6,RN565P/SSY/ m65JUMTY /h/ S,
oooNbSUT m6b M5NS,TS5W T/Nm/6,TU6/ Jck
LY6,LSbL,Sbk T/Nm/6,TU6Y
F5-c/ iT5H5 mTblU
N5PS5 m5T65gbTZ
'7/ #D349 />.-?3 !44
!/G />354
%.23>G
Ak-5 MU-M5N
H5LkJbS,
-LbSbS, T/ckTbS,
- M5-TkNb b E/R
H
H
H
* * * * * * /-M5cZM5 6,R
m/6/L/6SUTZ
Ak-5 MU-5fM,Nb
bcb c5NTbM,Nb
H5LkJbS,
-LbSbS, T/ckTbS,
H
H
H
* * * * * * F6b m/6/L56,fbL,Sbb
5TJ/cbTZ f,-Tb J6UH
5T J6UH,
Ak-S5W e,6g
-N/g,SSYW
H
H
H
* * * * * * F6b R,N56,PbL,Sbb
-J/c,TZ M,M N5PS5
E5c// T5SMbW -c5W
?5
L6/Nk
6,RN56,PbL,Sbk
S/-M5cZM5 6,R
m/6/L/6SUTZ -SbN,k
UP/ 6,RN565P/SSYW
e,6g
FTbl, bcb f,-Tb
mTblY
H
H
* * * * /-M5cZM5 6,R
m/6/L/6SUTZ
&YE,
ebc/ EbT5fMb
c5NTbMb
H
* * %TJ/cbTZ
6,RN565P/SSY/ f,-Tb
J6UH 5T J6UH,
&YE, TUgM5W
H
H
* * * * ?6/Nk 5T L6/N/Sb
m/6/L56,fbL,TZ
%L5hb S,m6bN/6
H565g/M
H
* ]6UMTY
S,m6bN/6 N,cbS,
H
H
* * * ? m65l/--/
6,RN56,PbL,Sbk
5-T565PS5 m/6/N/g,TZ
b 5TJ/cbTZ
6,RN565P/SSY/ f,-Tb
J6UH 5T J6UH,
cbL5fS5/ N,-c5
H
H
* * * * F5cS5-TZj -SkTZ
Um,M5LMU
+c/E l/cbM5N
H
H
* * * * ?6/Nk 5T L6/N/Sb
m/6/L56,fbL,TZ
?Ym/fM, -U=,k
S,m6bN/6 mb65H
bR -J5ES5H5 T/-T,
H
H
* * * F6b m/6/L56,fbL,Sbb
5TJ/cbTZ f,-Tb mb65H,
J6UH 5T J6UH,
B5cZM5
Jck LYm/fMb E/R
Hc,RU6b -cbL5M b
M6/N,
?Ym/fM, -5fS,k
S,m6bN/6
e6UMT5LYW mb65H
TL565PSYW T56T
'7/
#D349 />.-?3 !44
!/G />354
%.23>G
H
H
* * * * B5cZM5 Jck LYm/fMb
E/R Hc,RU6b b
P/c,TbS,
2/0>-3>
2*-3> >?>
,-,3>
2/0338
I?5A'>.4- ,
*4-34>
C-T,S5LbT/ m5-UJU S, JS5 m/fb
F5cUe,E6bM,TY L-/HJ, SUPS5 S,M6YL,TZ
-cb U
?,- S/T m5J=5Jkh/W M6YgMb Jck m5-UJY
b-m5cZRUWT/ T,6/cMU bcb -m/lb,cZSUj mc/SMU Jck
NbM65L5cS5LY= m/f/W
?YSZT/ m5cUe,E6bM,TY bR Um,M5LMb
?
-m/lb,cZS5W m5-UJ/ Jck NbM65L5cS5LY= m/f/W 5Sb
6,R5H6/L,jT-k EY-T6// b 6,LS5N/6S//
&,RcbfSY/ M5Nm5S/STY m5cUe,E6bM,T, N5HUT
6,R5H6/L,TZ-k - 6,RcbfS5W EY-T65T5W
Fc5-Mb/ m5cUe,E6bM,TY J5=5JkT J5 H5T5LS5-Tb
EY-T6// f/N LY-5Mb/
F5iT5NU -c/JU/T
6,Rc5PbTZ m5cUe,E6bM,TY L /NM5-Tb M,M N5PS5
E5c// T5SMbN -c5/N
? m65l/--/ 6,RN56,PbL,Sbk m5cUe,E6bM,T SUPS5
ooo6,R, m/6/N/g,TZ bcb m/6/L/6SUTZ
F5-c/ 6,R5H6/L,Sbk 5-T,LZT/ EcjJ5 /h/ S,
oooNbSUT Jck LY6,LSbL,Sbk T/Nm/6,TU6Y
%6bHbS,cZSYW LMU- EcjJ, L RS,fbT/cZS5W -T/m/Sb
-5=6,Sk/T-k
F5iT5NU -5cb b -m/lbW N5PS5
NS5H5 S/ J5E,LckTZ
'7/
#D349 />.-?3 !44
!/G />354
DcjJ, Jck
5JS5L6/N/SS5H5
m6bH5T5Lc/Sbk
m5cUe,E6bM,TY bR
M5Nm5S/ST5L
U H
?T UmY
H
?T &,HU
H
?T Ak-5 - -5U-5N
S,m6bN/6 HUckg
H
?T %.23>G
F6b m/6/N/gbL,Sbb
5TJ/cbTZ MU-5fMb
Nk-, J6UH 5T J6UH,
'7/
#D349 />.-?3 !44
!/G />354
%.23>G
&YE, S,m6bN/6
MU-Mb ebc/
H
?T F6b S/5E=5JbN5-Tb
J5E,LbTZ L5JU
cbN5SSYW -5M bcb
LbS5
Q,m/M,SMb S,m6bN/6
c,R,SZk M,SS/cc5Sb
H
?T G,6Sb6Y
&b- N,M,65SY
H
H
?T ?T I5E,LbTZ S/NS5H5
PbJM5-Tb
%L5hb S,m6bN/6
H565g/M E65MM5cb
N56M5LZ
H
H
?T ?T ?cbTZ L m5-UJU L5JU
T,M fT5EY EYc5
R,M6YT5 JS5
_mbS,T
H
?T G5T5LbTZ E/R
J5E,Lc/Sbk L5JY
C-T,S5LbT/ m5-UJU S, JS5 m/fb
2*-3> '?F,
F5cUe,E6bM,TY L-/HJ, SUPS5 S,M6YL,TZ
-cb U
?,- S/T m5J=5Jkh/W M6YgMb Jck m5-UJY
b-m5cZRUWT/ T,6/cMU bcb -m/lb,cZSUj mc/SMU Jck
NbM65L5cS5LY= m/f/W
?YSZT/ m5cUe,E6bM,TY bR Um,M5LMb
?
-m/lb,cZS5W m5-UJ/ Jck NbM65L5cS5LY= m/f/W 5Sb
6,R5H6/L,jT-k EY-T6// b 6,LS5N/6S//
&,RcbfSY/
M5Nm5S/STY m5cUe,E6bM,T, N5HUT 6,R5H6/L,TZ-k 6,RcbfS5W EY-T65T5W
F6b 6,R5H6/L/ PbJM5-Tb L-/HJ, Mc,JbT/ L
/NM5-TZ f,WSUj c5PMU L5 bRE/P,Sb/ R,J/6PMb
R,Mbm,Sbk
F6b R,J/6PM/ R,Mbm,Sbk T/Nm/6,TU6,
R,Mbm,Sbk J5-TbH,/T-k E/R 5E6,R5L,Sbk L
PbJM5-Tb =,6,MT/6SY= mURY6ZM5L
I,P/ m6b
S/RS,fbT/cZS5N -5T6k-/Sbb /NM5-Tb PbJM5-TZ
N5P/T S,f,TZ EU6S5 Mbm/TZ bcb E6YRH,TZ fT5
N5P/T m6bL/-Tb M 5P5H,N
? m65l/--/ 6,RN56,PbL,Sbk m5cUe,E6bM,T SUPS5
S/-M5cZM5 6,R m/6/N/g,TZ bcb m/6/L/6SUTZ
c/JbT/ R, T/Nm/6,TU65W
F5-c/ 6,R5H6/L,Sbk 5-T,LZT/ EcjJ5 /h/ S,
oooNbSUT Jck LY6,LSbL,Sbk T/Nm/6,TU6Y
'7/
DcjJ, Jck
5JS5L6/N/SS5H5
m6bH5T5Lc/Sbk
m5cUe,E6bM,TY
bR M5Nm5S/ST5L
,mbTMb
#D349
/>.-?3 !44
!/G />354
%.23>G
?T Nc
Nc
Nc
?T K ?T ?T F5c5PbTZ L /NM5-TZ
c5PMU
/ m/6/H6/L,TZ
,cM5H5cZSY/ S,mbTMb
c/JbTZ R, m65l/--5N
6,R5H6/L,Sbk
I/T-M5/ mbT,Sb/
S,m6bN/6 EUTYc5fMb N5c5fS5W -N/-Zj
Nc
Nc
Nc
?T K
?T K U ?T D/R -5-Mb bcb M6YgMb
F5-c/ 6,R5H6/L,Sbk
=565g5 L-T6k=SUTZ
%EkR,T/cZS5 m65L/6bTZ
T/Nm/6,TU6U
Um
H
H
?T ?T Ak-5 - -5U-5N
H
?T &,HU
H
H
?T ?T %L5hb m56lbk
m56lbb
H
H
?T ?T f,gM,
f,gMb
(>*4-?3> '?F,
%TJ/cbTZ c5NTbMb Nk-,
J6UH 5T J6UH,
Fc5-Mb/ m5cUe,E6bM,TY J5=5JkT J5 H5T5LS5-Tb
EY-T6// f/N LY-5Mb/
F5iT5NU -c/JU/T
6,Rc5PbTZ m5cUe,E6bM,TY L /NM5-Tb M,M N5PS5
E5c// T5SMbN -c5/N
I5L5JbT/ m5cUe,E6bM,TY J5 H5T5LS5-Tb L
R,M6YT5W m5-UJ/
? m65l/--/ m6bH5T5Lc/Sbk b=
SUPS5 m/6/N/gbL,TZ bcb m/6/L56,fbL,TZ
%6bHbS,cZSYW LMU- EcjJ, L RS,fbT/cZS5W -T/m/Sb
-5=6,Sk/T-k
F5iT5NU -5cb b -m/lbW N5PS5
NS5H5 S/ J5E,LckTZ
F5-c/ 6,R5H6/L,Sbk 5-T,LZT/ EcjJ5 /h/ S,
oooNbSUT Jck LY6,LSbL,Sbk T/Nm/6,TU6Y
'7@/
#D349 />.-?3 !4
!/G I>*4-?3>G />3
%.23>G
aYmc/S5M
l/cbM5N -L/Pb/
m65JUMTY
m5T65g/SYW
H
?T NbS
F5 b-T/f/Sbb m5c5LbSY
L6/N/Sb m6bH5T5Lc/Sbk
b= S/5E=5JbN5
m/6/L/6SUTZ
&YES5/ ebc/
-L/Pb/ m65JUMTY
H
?T NbS
Ak-S5W 6Uc/T
H
?T NbS
[-m5cZRUWT/ 6/gdTMU L
M,f/-TL/ m5J-T,LMb
I5E,LZT/ -T
c
L5JY
%L5hb -L/Pb/
m65JUMTY
H
H
?T NbS
?T NbS
F56/PZT/ 5L5hb S,
MU-5fMb 5JbS,M5L5W
L/cbfbSY
I5E,LZT/ S,
M,PJY/ H 5L5h/W
-T
c
L5JY
H
H
H
?T NbS
?T NbS
?T NbS
F56/R,TZ M,6T5e/cZ S,
MU-5fMb 5JbS,M5L5W
L/cbfbSY
I5E,LbTZ S,
M,PJY/ H -T
c
L5JY m/6/N/g,TZ
H
?T ?T
NbS
?T ?T
NbS
I5E,LbTZ LJL5/ E5cZg/
PbJM5-Tb
Nc
?T NbS
H
?T NbS
%TM6YT,k m5-UJ,
? m65l/--/
m6bH5T5Lc/Sbk 6,R,
=565g5 m/6/N/g,WT/
mUJbSH L/SfbM5N
G,6Sb6Y
S,m6bN/6
M,6T5e/cZ
6b-
H
c,JMb/ EcjJ,
S,m6
mUJbSH
EY-T65H5
m6bH5T5Lc/Sbk
e6UMTY M5Nm5T
./3,H>> I
>I?92-3>F
/>.-?3
!8 3 /04 364>
I/48 543-.> ,?G
I>*4-?>-/*
'7/ I,5.4-
CN/SZgbT/ bcb UL/cbfZT/ L6/Nk m6bH5T5Lc/Sbk
m6bN/Skk -c/JUjh// m65-T5/ m6,Lbc5
IL5WS5W 5EX/N
L6/Nk m6bH5T5Lc/Sbk m5fTb
LJL5/ UL/cbfbL,/T-k
F5c5LbS, 5EX/N, L6/Nk m6bH5T5Lc/Sbk
S,m5c5LbSU UN/SZg,/T-k
&?F, I?5B>?9
?>C./ 5 >/
? -c/JUjhbW 6,R LY-T,LZT/ N/SZg// L6/Nk
m6bH5T5Lc/Sbk bcb N/SZgUj N5hS5-TZ NbM65L5cS
Q,M65WT/ EcjJ5 M6YgM5W b J5E,LZT/ E5cZg/
PbJM5-Tb
&?F, I >4B3>>
543-?33* -/3>
D 3 2/2>?9 3
2*?9 >?> 3
*4-
?Y-T,LZT/ E5cZg// L6/Nk m6bH5T5Lc/Sbk
F6bH5T5Lc/Sb/ E5cZgb= 5EX/N5L m65JUMT5L b
LY-5Mb= EcjJ T6/EU/T E5cZg/ L6/N/Sb
( >4B3>> -/3>
I>*4-?3>G '?F, 5
'4>. I*?9 ,>3 D 3 *4-
?6/Nk 5T L6/N/Sb m5N/gbL,WT/ EcjJ5 b L
-c/JUjhbW 6,R LY-T,LZT/ N/SZgUj N5hS5-TZ b
E5cZg// L6/Nk m6bH5T5Lc/Sbk
(? 2/0>-3>G
I4>H >?> /G
2/2>?>9 4?9.
350>
? -c/JUjhbW 6,R LY-T,LZT/ N/SZgUj N5hS5-TZ
NbM65L5cS
F6b 6,RN56,PbL,Sbb E5cZgb=
m65JUMT5L b= S/5E=5JbN5 m5-T5kSS5
m/6/L56,fbL,TZ
"34?93 '?F, I , m6bN/6/ iTb= EcjJ m65bRL5JbT-k m65L/6M,
M,f/-TL, b m6,LbcZS5-Tb eUSMlb5Sb65L,Sbk
NbM65L5cS5L5W m/fb M5ST65cb6UjhbNb 56H,S,Nb
(>*4-?3> 4?9.
/>.-?3/>
&?F,
#D349 />.-?3 !4
I,?0>4?9349 />3
%.23>G
%Nc/T H
?T NbS ?T NbS
]56N, &>8/=
Db-MLbT H
?T NbS
]56N, &>8/= L -N
Ak-S5W 6Uc/T
oH
?T NbS
F6kN5UH5cZS,k e56N, &>8/=
JcbS5W -N
[-m5cZRUWT/ 6/g/TMU L M,f/-TL/ m5J-T,LMb Jck m5-UJY
2/0>-3> 4?9.
/>.-?3/>
&?F,
#D349 />.-?3 !4
I,?0>4?9349 />3
%.23>G
Ak-5 H
F65H6,NN, H
bcb ?T NbS ?T NbS
]56N, &>8/= L -N
+?G 2/4.
+?G 2/4.