Вы находитесь на странице: 1из 367

\  

] ^

, ,

      

 O  1

1

,9 02,9 ., AO C   >A $






1DAD @D .

*=AD< CK @DBELN CK CDAD >> H C>O B B >


G @> = G C> ALCD? B B >G @D? ,9 0
2,9 ., E > D O O A D > BK > B D K H C>O ,C> D
<> E >B K C @ < K? >= B D D D > >C ALCK >C >
> ALCK = C>O =A>GCK > C K = G DB G> A ED KH CCD? AD<CD > G D D=BD<CD L E ED AN D I AO L @DC DAL =C C>? C DA A D@D >=
G> L > B ,9 02,9 ., @ @ > B @DBELN CD? A K / DALHD? D J B DG C> C GCD > > E D D K >=AD<
C>O A N @C> D CD? AO ED C CD D EDAL=D C>O
AO C D E> C D E ED A ? C>G @> =D > E F> A> D E >B CONI> B B >G @> KG> A C>O ED >DC ALCD? O ALCD >

A CK? @D ) B A CD D @D ) @F> ? @D

,      ,  

 O  EE ED D D @> >= C>O
>C ,DC @D LOC - E>C > D >? D >C CC , =LB>C 0AL > > C@D )>C > B> > * D O 2K ALC>@D A CK AO D? />@DA ? @> @

,DBELN C O @ ,D @ D >= ?C >> 0 D BA C> D AD<@> ) E D>= D DB


` ] ^

  `    _  
$




   K      

   ]

    
  

1DAD @D .  0 D BA C> >= AL D 

 




C>  0 D CCD > > BK ,9 02,9 .,  0 @C> ,9 02,9 ., AO C   ,DBELN C O B B >@ C @ > D =D C>>  AO @D D M @C>   A *C ? > BK    *C ? > BK > D >= G C>    A CD B CN > BK      . CN  0      . CN / 9     . CN 0     . CN 472,9     . CN 35:9     . CN 0730     . CN  3/     . CN 3/4    . CN 0 5  D MA @ DCCD? @C> D?  A 0 CD K D K > BD? <>B KG> A C>?    > B >G @> DE D K C@F>> @DC C K     > B >G @> DE D K     > B >G @> C@F>>  C@F>> KEDAC C>O > B >G @> DE F>?  0E A C> A> A ? F AK G> A > C >B CLH D D I D @ CD D 
  ,9 02,9 .,   ,9 02,9 ., 

1 > C> I CCK G> A @ A>< ?H>B F AKB   KG> A C> @ D > AD   1DA G C> E D K G> A      *B CD CCK @DC C K      @D DG CC O D B E A C>O > B >G @> DE F>?    >EK CCK     > B >G @> DE F>> F AKB> > F>DC ALCKB> G> A B>     > B >G @> DE F>> I CCKB> G> A B>     > B >G @> DE F>> @DBEA @ CKB> G> A B>     1 B CCK     K < C>O > E D =D C>O > KG> A C>O      C@F>> DE D K > >B DAK KG> A C>O K < C>?      1D CD @>     1 D =D C> K < C>?  C@F>O $ 25 1  C@F>O : $ 25 1  C@F>>  5,3/   C@F>O 4 0.9   C@F>> ,.947  C@F>> E D =D C>O > DCDB >G @> K < C>?     1 >B K C E D =D C> K < C>?     1D KH C> DGCD > KG> A C>?  

>= A>= F>O KG> A C>?   B C O >@    >G @ O C@F>O ! 49 0E A C> D A > >=DAOF>> @D CO 1 D @ D D CD > H C>O = G> 0EF>> C@F>> ! 49    1D D C> DG GCD D >@    K D >AO >@ 0EF>O ! 49$9 0    0 D=C G C> @ > K C >@ BCD< C@F>?    >@> E F> ALCK >ED 1D D C> >@D AD > B>G @DB B H 1D D C> >@D EDAO CD? > B @DD >C 1D D C> >@D > > D BB


             

  B C O >@      D= C> @DC CK >@D      1D D C> >@D ED CD ?      1D D C> >     KG> A C> BB      KG> A C> BB C A> >G @DB >      KG> A C> BB G> A CCDB >   V    * EDAL=D C> >B DA BB> D C>O U  V    1 >B K KG> A C>O BB    KG> A C> E D>= C>?     KG> A C> E D>= C>? C A> >G @DB >     KG> A C> E D>= C>? G> A CCDB >     * EDAL=D C> >B DA E D>= C>O !      1 >B K KG> A C>O E D>= C>?     A> D C> C@F>>     KG> A C> E AD     CDAD >O KG> A C>O E AD > BD? ,9 02,9 .,     1 >B K KG> A C>O E AD     =AD< C> C@F>> E CCD? O      CDAD >O =AD< C>O C@F>> O ?AD > B ,9 02,9 .,      1D HCD > E CCK O D ?AD  A G ?  O =C @DE B CCK? GA CK O K D K N   A G ?  O =C @DE B CCK?    A G ?  O C =C @DE B CCK?     ,DBELN CK CDAD >> DF C@> ED HCD ? O D  ED D  A> D C> C@F>?  ED D  >= A>= F>O H C>O  ED D  KG> A C> ED HCD ?     KG> A C> E D>= D CK  
A >B 1 A C> CCK D= C> @ D D >F    >EK CCK     I CCK G> A     ,DBEA @ CK G> A 
 

E F> ALCK KG> A C>O

        1         

>B DALCK E B CCK  E> @> > B > K  A C> > D =D C> @ D D > B >F   C F>O @ D D > B >F EDBDILN C@F>> #,3 0   C F>O @ D D > B >F EDBDILN C@F>? %,- 0   K A C> > K D MA B C D @ D > B >FK   * EDAL=D C> D?CK @ CK @D D@   K A C> MA B C D @ D > B >FK EDBDILN C@F>> !,79    D D E> @ B> D= C> @ D D > B >F     KO A C> @ K @ D >A> B >FK     1 D =D C> > D= C> @ D D > B >F     ,DB >C> D C> @ D D > B >F      D= C> @ D D > B >F     . B >G @> DE F>> C @ D B> > B >F B>     > B >G @> DE F>>     . >GCD BCD< C>     . B >G @> DE F>> @ D B> > B >F B> 

. B >G @> C@F>>    9A B C CK B B >G @> C@F>>     / ED CCD KG> A C> C@F>>      1 > D C> B C G> A CCD D =C G C>O     E F> ALCK B B >G @> C@F>>      0 D DC ALCK EDA>CDBK      *C ALCK ED@ = ALCK C@F>>      BB
C@F>O      C@F>> AO      C@F>> 9? >     
C@F>O M?A D >C A E D D D     C@F>> > >G @> E A C>? > C@F>> DH> D@     C@F>> C F>> A G ?CK G> A     9AA>E >G @> >C AK > C@F>>      E F> ALCK G> A > EDA>CDBK     *C ALCK E D =D C>O      1 D =D C> - EA     
E D =D C>      1 D =D C> L  
 

H C> DE >B>= F>DCCK = G   1D> @ B>C>B ALCD D > B @ >B ALCD D G> A E GC G> A    ,A >G @>? B D DE A C>O M@ B B C A> >G @D? C@F>>     0E A C> @DD >C DG @ E >   1D> @ AD@ ALCD D B>C>B B C A> >G @D? C@F>> EDBDILN D CCK C@F>? > BK ,9 02,9 .,   0 K @ C> AD ALCD D B @ >B B B>C>B B C A> >G @D? C@F>>     . B >G @ O D B A> D @ = G>   1 >B K C H C> DE >B>= F>DCCK = G  A H C> A >G @> > C F C C CK C C>?   H C> C C>? C A> >G @DB >     C@F>O $4 ;0     C@F>O #4498   3> A CCK B D K H C>O A >G @> > C F C C CK C C>?     C@F>O $4 ;0     C@F>O #4498     C@F>O  3/#449    *C ALCK B D K H C>O A >G @> > C F C C CK C C>?   0E A C> @D C ? C C>? E >B C C> B >C EDAOF>>   1 D @ D D CD > H C>O C C>?   A H C> > B C C>?   . D K > A D > BK H C>O > B A >G @> C C>?    H C> > B A>C ?CK A >G @> C C>?  C A> >G @> B D K  . D K > F>?  A D > BK B D > F>>  C> ALC O DF C@ DGCK > > F>DCCK B D D     H C> > B C A>C ?CK A >G @> C C>?   0E A C> C G ALCK E > A>< C>?   >G @>? ED D   A>GCK? ED D   . D /LN DC  
  ,9 02,9 ., 

* F>DCCK B D K 1 >=C @ D@DCG C>O > F>? ,DBELN CK CDAD >> H C>O
 





   

C@F>O $4 ;0  ( H C> > B A>C ?CK A >G @> C C>? H C> > B C A>C ?CK C C>? >B DALCDB > C@F>O $4 ;0  ( C@F>O $4 ;0  ( 0EF>> C@F>> $4 ;0 C@F>O  3/#449  <( C@F>O  2 3,90  ( . >GCK B D K H C>O > B A>C ?CK C C>? 0 D K A G > H C>O > B C C>? 1 >B K AO BD DO ALCD D H C>O > B C C>? > C K > B A>C ?CK A >G @> C C>? > C K > B C A>C ?CK A >G @> C C>? A  H C> > CF> ALCK C C>?  . D >G @> = B G C>O H C> > CF> ALCK C C>? C A> >G @> B D K 3 CD H C> > CF> ALCD D C C>O H C> > B > CF> ALCK C C>? C A> >G @DB > 0EF>> C@F>> $4 ;0 3> A CCK B D K H C>O > CF> ALCK C C>? C@F>O $4 ;0 1 ( 2 3 2, <( C@F>O $4 ;0 1 1   <  (  ( <
                     

,9 02,9 .,  

                      



 ,9 02,9 ., 

C C>? > B

 

 

   
  

 

   

 

 

23

2,

<(  

A >C
            

C A> >G @> B D K KG> A C>O >C AD 3> A CCK B D K KG> A C>O >C AD CDAD >O KG> A C>O >C AD G> A CCKB> B D B> * EDAL=D C> >B DA >C A KG> A C> @ CK >C AD KG> A C> C D CCK >C AD A>GCD >C > D C>

 ,DBELN CK CDAD >> KG> A C>O AD  

         
  



     

 

1 D @ E >ALCD > KG> A C>O >C A KG> A C> E D>= D CD? E DD =CD? C@F>> 1 >B C C> =A>GCK B D D >C > D C>O C C> = AL D >C > D C>O =A>GCKB> > B B> >B DALCD? B B >@> 0 D CCD > KG> A C>O >C AD > B

 



    



,9 02,9 ., 

A >C
 

  

       

  

  

     

             

 ,DBELN CK CDAD >> H C>O = G EDAOF>>   > K > M EK @DBELN CK CDAD >? >C EDAOF>>  KD > C@F>> >C EDAOF>>  ED D D C A> >G @>?  ED D ->C >= F>O C A>C ?CK C@F>?  ED D C A>= A>GCK =CD ? ED D * EDAL=D C> E F> ALCK E D BB  DB >= F>> >C EDAOF>>  0E A C> @DM >F> C D C@F>> >C EDAOF>>  0E A C> @ CD > C@F>> >C EDAOF>>  ,DBELN CK CDAD >> >C EDAOF>>  *C EDAOF>O DGC O =A  C> ALCK? B D  1 D @ D D CD > H C>O = G> >C EDAOF>>  C@F>O 390754 ,9 3 !4 342 ,  C@F>O 390754 ,9 43 /,9,(  *C EDAOF>O C A>C ?CKB> C@F>OB>  ED D H C> > BK C A>C ?CK C C>?  ED D ->C >= F>O C A>C ?CD? C@F>>  *C EDAOF>O E > A>< CC O =A  1 EE D@ >B F>O  C@F>> EE D@ >B F>> E @ H> C>O  ->C ?C O EE D@ >B F>O  / A>C ?C O EE D@ >B F>O  1DA>CDB> ALC O EE D@ >B F>O  EA ?C >C EDAOF>O  .CD DE B >G @ O >C EDAOF>O
            ,9 02,9 .,            
    
 

-> 1

 

B CK? @ =

AL 


 C> 

,C> ,9 02,9 ., AO C  EDEDACO >N @C> >B DALCD? B B


>@> 07 ;0 AO C  %  AO C  ,9 .,/ AO C  KE I CCK     >= AL DB 
1  B C O L O G D @D DB B C> >= AL D KE > @C> ,5 0 AO C  ED A CNN >= >> @C> >B DALCD? B B >@> A> M D E D>=D? D C EDA G> EDAC N >C AA @ ALC N > A>D
@ @C> @DBELN CD? A K 9 > @C> > B C <CK G C> D E >D D G C>O = /> D C >= C> D ALCD > C BD< D E G> L G CK? E DF ED B E B B CCD? E F> ALCD > DC> C <CK C E > KEDAC C>> E <C C>? > DB HC> = C>? ED =A>GCKB B B >G @>B > C>G
@>B > F>EA>C B E > KEDAC C>> A D D CK D E > @ D DB > >
EADBCDB E D @ > D C>> / C K BD >B L @ N > A>D @ . AD>B I> DA<CK D E
G> L M >B> @C> B> > A>D @> =D @D K D C>O @DBELN >= F>> D G C>O E >= CCD D I CCD ED K > L D M @ > CD L 1DO A C> > B >B DALCD? B B >@> DANF>O C @ > D =D C>> D B C CD @DBELN KA A>HL BDICKB @ AL@ AO D DB > C D A A D? DB >C AA @ ALCD D C>G @D D D EDBDILN BD<CD KAD H L = G> DAL@D G> A CCDB > 1 > M DB EDAL=D AL D O= C D AO L E D BBK C C> ALCK O=K@ E D B
B> D C>O D C > ? >@ > E 9 D BD A L DAL@D E D >D
C ALCK? E D BB> 9 >B BD<CD D JO C> L A D > EDAL=D C> KG> A> ALCD? C>@> >C<
C CDB A C @ > D =D C>> 1DO A C> > B >B DALCD? B B >@> @> @ @ ,9 02,9 ., ,5 0 07 ;0 ,9 .,/ %  I CCD >=B C>AD > F>N E L EDAL=D AN C C D D >BD > D AO L E D BBK C C>
ALCDB O=K@ E D BB> D C>O 0C> < D A CK > @ G DDK E D BB C D O O E BO > @DBELN O A>HL D > L O @ C>B



E D BB> D C> D D> A>HL DB G D K D J >C> L C @D D K >= C> >C N E D BB DD NI N A D > B H C>O = G> 0 I C> @ E D BB B D I AO O EDBDILN D CCK C@F>? >A> @DB C D ICD L E D BB> D C>O D D> DB G D K D= L @DB
>C F>N D CCK C@F>? DD NI N A D > B @D C@F>D
C ALCD E D BB> D C> C DAL@D E D D G D >B A @D D A AN D? EDAL=D AL

0 D

X X

CCD

> >

BK,9 02,9 .,

> B ,9 02,9 ., O AO O DG CL EDE AO CD? D B B> @ C E >


B 4 D >F> ALCD = > > D CD KH B>AA>DC EDAL=D
A ? *= CD C @DAL@D O @D @C> =A>GCD D C =C G C>O G> O > C = D CD C>O G D ,9 02,9 ., A> > > B >B
DALCD? B B >@> K D@> >C AA @ ALCK D=BD<CD > > BK ,9 02,9 ., ED= DAON H L = G> C A> >G @DB > 1 D =D C>O B B >G @> K < C>? D I AON O C @DB K
D@DB D C G D > B ED= DAO EDA G L H C>O DALH>C B
B >G @> = G C A> >G @DB > K D > L D B AK D@ =K L D BK > B ED= DAO AO L I CCK > @DBEA @ CK @D C> A >G @> > N DE C F C C CK C C>? H L A >G @> > > CF> ALCK C C>O N KG> AO L C DE A CCK >C AK N AO L >C ALCK E D =D C>O N D I H L = G> DE >B>= F>> N AO L =AD< C> C@F>> E CCD? O N D I AK KG> AO L BBK > E D>= C>O B B >G @> N C D > L E C@F>? AO L E DI C> AD<CK B B >G @> K < C>? D @> N D I D C ? @D K < C> CD > O D B AD? AO L BDE D @ = AL D H C>O = G> N D I ,9 02,9 ., BDIC O KG> A> ALC O > B 0C ED= DAO = E D
BB> D C>O EDA G L G> A CCK H C>O DALH>C = G E >@A
CD? B B >@> > B ED < D J BDB KG> A C>? / E >B C@
F>> 5 3 KG> AO E @ >G @> AN KB G> ADB =C @D 0C ED D C KEDACO L B B >G @> ? >O DAN CD? DGCD LN 1 > M DB @DA>G D F> C D C>G CD



,9 02,9 ., ED= DAO @< KEDACO L KG> A C>O E D>= DALCD? DG
CD LN / E >B D CC O C@F>O   3( KG> AO B B >G @D K < C>  G> ADB =C @D ED A = EO D? CKB 3 1 > M DB 3 C D
C>G CD X ,9 02,9 ., E DGC O B B >G @ O > B E L B B >G @> E DGC>@> C C <CK G> CCK @ C K EDAL=D AL EDA G> A>
FK AD > BD MA B C CK > E F> ALCK C@F>? A>FK E D>= D
CK >C AD BB > E D>= C>? > X ,9 02,9 ., E DGC O > B D < I O C @DAL@D MA @ DCCK @C> AO EDAL=D AO DALH>B G> ADB E >B D E D BB>
X H C> = G D I AO O <>B > AD > C D C>O ;=K@ D I C>O > BK O=K@ C@F>DC ALCD D E D BB> D
C>O K D@D D D CO D BD<CD D C > @ @A >C E D D @D > B C A>=> >C E > CCD K < C> > = D > EDACO X 0 > >C ALC @ > BK ,9 02,9 ., D DOI O >= O E @ D H> C>O > A>D @> > E DGCD? > BK >= H > MA @ DCCK @C> ; D > BK E @ >G @> C = > > D EA D BK @ O @ D=C
G G D > B ,9 02,9 ., O AO O > BD? BDD G NI ? > B O= C *C C DB A CK? ? ED OI C > B ,9 0
2,9 ., C B D < O =A>GCK >> > BK @C> > B> C O > B KG> A C>O >C AD A O >@> DEDAC> ALCK > A>D @> > E @
K H> C>O

0@C> ,9 02,9 ., AO



D >> >B O DAL@D C @DAL@D @C> ED > B ,9 02,9 ., 0C> >= CK C DALH>B> > < B> > E > CK E> @ A> K 1D D B D J B > D < C>N DC> C BD D A D > L >C< C C E ED AO / <C @C> AO H> D@D D EDAL=D AO @D D D? K D ECD? AO EDC>
B C>O D B >=A A> L @DBELN CK CDAD >> H C>O B B >G @> > E >@A CK = G @D? @ < O > O AO O C DOI O @C> A >=A
N O D CD CK D D CCD > X @C> ED D CD >=A N O @DBELN CK CDAD >> H C>O B
B >G @> = G @ C O ED CD @ = G> N @D K D A D > B >B D H C>O = G> N KD D CCD? C@F>> N H C> = G> N @ D D CD > H C>O N E D < C> = AL D N D

 1 > H C>> = G @ G E >B D M CDAD >O D AN O 0C ED= DAO EDC>B L ICD L = G> EDA G L =C C>O C DAL@D B C>O > C K@> C D > L E >ALCD H C> = @D D @D BO 2 A C E A CCD L @C> > C ? >=A O D A CD AO G D E
C =C G C ,9 02,9 ., KEDACO L KG> A C>O EDA G O H C>O G>
A CCDB >A> C A> >G @DB > .CD > D=BD<CD > > BK >B NI> A>HL @D CCD D CDH C> @ K
G> A C>OB >=A N O ED CD CD , C>B D CD O O > D >O D= C>O CD @ > BK A> >C ? >@ C >B NI O D CDH C>O @ >= A>= F>> KG> A C>? > B ,9 02,9 ., @ @ @D @ D E DGC O > D@DCC O > BK O DEDAC> ALCK C@F>? DEF>? > >
@ > >B NI> EDBD ALCD =C G C> 9 D AD D=BD<CD L C DALHDB D J B @C> > D DGCD ED D CD >=
AD<> L D CD CD D < C> > BK ,9 02,9 ., @DBELN CK
CDAD >> H C>O B B >G @> = G 1 > C D D >BD > EDAL=D AL BD< BD DO ALCD A > L D> =C C>O > B C>O EDBDILN E DG
CD? > BK *=AD< C> @DBELN CK CDAD >? H C>O B B >G @> = G DE D
D< O E >B B> C @ < K? >= B D D G D ED D DA A D
@DB > EDC>B C>N F ALN BD@DC DAO =C C>? @C> D <> D > >
C ALCK >C > > ALCK = C>O C D CD CK B B >G @> B D K / A>G> = G ED KH CCD? AD<CD > D=BD<CD L E ED AN D I AO L @DC DAL =C C>? C DA A D@D >= G> L > B ,9 02,9 ., @ @ > B @DBELN CD? A K 9 D EDACD? B D CD > O @ AN DB EDAL=D AN >= G NI B > B
,9 02,9 .,

X X

X ,C>

DGCD C GC D A>G

O E D D D? > O CD LN >=AD< C>O

,DBELN C OB C @ >D =D

B >@  C>>

DALH> D=BD<CD > > B @DBELN CD? B B >@> ED= DAON D BCD > A G O EDA G L H C>O = =C C>O B B >@> D DGCD >= G> L D
CCK C@F>> > E >A > AD D D=C>@ CCK? DE D C <CD A> EDAL=D AN A D@D >= G L > BK @DBELN CD? B B >@> / D DGCD A> DAL@D > EDBDILN EDA G L H C>O C <CD )C C>O > B @DBELN CD? A K I CCD D A G N >=
G C> B B >@> = > N BKHA C> N D =D C> A N G AD @ BC



* EDAL=D C> > B @DBELN CD? B B >@> E > >= G C>> D I >C< C
CK >A> E F> ALCK > F>EA>C ED= DAO DA A D@D >= G L M > > F>E
A>CK E > O >B > A D AL @>? @ < BK BDICK @DBELN CK > BK C >C AA @ ALCK 0C> C BD
D > L C E D K DE D K C @D D K D G < H@DALC>@ C E >
   83 .48 GB C @D CL C C>O B GB CD


- 

0 G C> C D D CD CCD C E >B C C>> @DBELN CK CDAD >? G> A CCK G D DALH> =C C>? C / B C> KE @C>@D =D E >B CO L B B >@ D ? O ALCD > D D CCD >C< C CD? DALH O C H D D =D C>O C = EDB>C B B >G @> K < C>O D B AK B D K A>HL C E >D M@= B C F>DCCD? >> A> < > ED DB > EDBC> D C BD< >B> D EDAL=D L O C E @ >@ @ @DBELN CK CDAD >> N E D
BB> D C>O C O=K@ K D@D D D CO @D D KB> DC DAL@D =C @DB D AD > BK @DBELN CD? A K 0C> D A N A NI>B> D D CCD OB> N E D BB> D C>O E > H C>> = G @ @ G> A CCDB @ > XC >B DALCDB > X A AON =C C>O B B >@> D D CCD E > H C>> = G >B DALCDB > X ED= DAON D > L @DBELN X ED KH N >C @ D =D C>N X D D D< N EDAL=D AO D >CCK KG> A C>? > D CD B CCD A
AON =C C>O B B >@> X D=BD<CD L E D C>O K D@D@ G CCK = CO >? ED AN DB E B
C D D >B B B >@ X > BK @DBELN CD? A K O AON O B B >G @>B> E DGC>@ B> K D@D D D CO

AO@D DM

@C> 
C O B GD CK
AD E >B

/ A B L G D M @C> O ED C = C>N DAL@D AO D CD CKB G> A B C CD C 9 D D JO CO @C> @ B D >G @> E A C ED D CD DE> C> @DBELN CDAD >? H C>O = G E D D > O CD L >=AD< C>O DALHD G> D >C > > ALCK = C>O E >B K ED KH CCD? AD<CD >

^ 0 C @D M > D D CCD > D C D=C G N CD >=A N O @DBELN CK CDAD >> CK = G ,9 02,9 ., AO C  D <> D @DBELN CK CDAD >? H C>O B B
,9 02,9 .,

 G D @C> ED CD CD > C EDA


H C>O B B >G @> > E >@A
DGCD EDACD > A D@D >=AD< C> >G @> = G EDBDILN > BK

0C C D D >B >C< C AN D? E F> ALCD > M@DCDB> >=C B C > AN DB E F> A> @D D K? ED D ? O ALCD > D O= C H L E >@A
CK B B >G @> = G> E B G> A> D D C>> > E >B C C>> > BK ,9 02,9 ., D? E D >DC ALCD? O ALCD >

_ \^\

*C ?  > ,9 02,9 .,


  *C ?  >

BK
BK> D>= G C> 

*C ? > BK ,9 02,9 ., A>= D D < C> D@DC E A> E C A ? >C B C D =C @D EDAD< C> > =A>GCDB > > =CK B M@ C BDC> D A CD D@CD > BK >B > ED@ = CCK? C >  

>

 

A CD D@CD >

BK

,9 02,9 .,

A CD D@CD > BK D <> D@ = DAD @ A CD B CN > DALHD? M@ C @ > D C>O E > C>= D@C EDAD< CK EDAD K E D@ @> EDA= C@ B> E AO BKB> BKHLN 1DAD< C> EDA= C@ ED@ =K DB D @ CDB C>FK D C G A @ C>= D=A EDAD K E D@ @>
EDAD< C D@ D DOC>? @D D D? D <> O >C D B F>O D @ I B
<>B D K *C ? > BK D <> C @DAL@D D C >B CD C>? E C@ D B CN ED
B CN @DB C C@F>? *= G> L > E > E DB G C>> C D=BD<CD >= @ @D
D DE> C>O C AL=O EDCO L D < C> D < C> E C@ D B CN ED B CN @DB C BD<CD EDCO L DAL@D E DF H C>O = G A D@> =C C>O >C
? > BK E >D N O DAL@D DEK DB D K > BD? 1DM DB >= G C> CCD? A K E > E DB G C>> C O 1 DG > >E >
E ? @ H C>N = G E DF H C>O D I ? L @ @DB C B A CD D B CN > BK / > CD > ? E DGC N > B - GH>B ED D DB D > L O E E DF H C>O = G> O AO O D I C> @ E DGCD? > B 9 D D BCD > A G O DA M @ > CD G B D I C> @ @C> 0 C @D E DGC O > B C BD< = B C> L @C> C>@ @ O E DGC O > B C BD< K L G C>@DB

   A

CD B CN >

BK

A CD B CN > BK D D> >= A NI> E C@ D ? >O ?A B> D= C> ?A D @ K > >= @ AD > D = @ K > D C C> ?A E <C>B >A> CD KB >B C B E G L @ > = H C> D K D C C> B X / 9 DE F>> @ > D C>O @ > D C> @ E F> ALCK D B E CD K A CCK G @D @ @DE> D C> >= A C> D OG ?@ B> A C> > D CD A C> D J >C C> > X 0 =J >C C> CD A C> CD @ >A ? >=B C C> D B @ C M@ C > E > X 472,9 E G > K D DEF>? D E G> NI> < A BK? > @ E A C> D@CDB @ > D C>O @ @ D <>BD D OG @ D > X 35:9 E A C> D DB K D D= C> >@D A>F E A> >E KAD@ = =@ ?A C <CD B D @ D= C> @CDED@ =A>GCD D C =C G C>O >=B C C> F > C@D > = A> @> = E> L = @D K > C AD DE A C> @DD >
C DG @ >@ X 0730 E A C> O DB > BK K D O > BK E A C> E D
F DB KG> A C>? A C> @

X0

BCD @ X  3/ ED> @ > = B C D E G C> D K M >@ @ B> X 3/4 DE F>> D@C B> EDAD< C> X 0 5 E A C> E DGCD? > BD?
   . CN 0

> EDAL=D C> >E D@DC > E A C> >B>

KAD@

BD >B C =C G C> E C@ D A CD D B CN DA ED D CD

. CN  0 E C =C G CD AO D K ?A B> 0CD D <> BCD D @DB C BD >B C =C G C> > D < C> D CD CK >= C> X ,DB C 0 97  ,DB C A <> AO D K CD KB @ DB D@ B C DB 0C AO E K I>? @ A = E D D D D C C>> 0@CD CD D D M@ C >B >BO &39 9 0/
  CDB CD D D D@C * EDAC C> M D? @DB C
K C D B CO C = < CCK ?AK E @ D H> C>O > DE A
C>? E K I> KG> A C>? X ,DB C 503 97 ,DB C D I AO = =@ C D D >BK EDAL=D AN ?AD 0C K D > > AD D D D@CD 0 @ K L >   @D D DB D I AO O ED> @ C D D >BD D ?A > D D @ K > CD DB D@C > BK

>

 

> AD D D D@CD =

=@>

?AD

,9 02,9 .,

X X X

1 > C D D >BD > D D <>BD D ?A @ I>? @ A >


EDAL=D L @DB C 25479 ,DB C  480 97  0 I AO = @ K > @ I D D@C ,DB C $,;0 97 $ ,DB C E C =C G C AO D C C>O D @ > D CCD D > CD L D=
CCD D @ ) E> L C B C> CK? > @ D I AO O = >=B C C>O >B C> ?A ,DB C $,;0 8 $ 19 97 $ 9 @DB C E C =C G C AO D C C>O ?A AN DB B @ AD > @ >=B C C> B >B C> ?A 1 > D I C>> @ @DB C D @ K O > AD D D D@CD E A CCD C >   K > O B D D C C>O D@ B C = E> K O DD
NI B EDA >BO CD D D ?A >A> ED < O D H> C> > L C D O= ALCD > B K > D B

>

 

> AD D D D@CD D

C C>O

?A

X ,DB C

,DB C D=BD<CD L = E> K L > G> K L D E F> ALCK D B

$,;0 8 $50. ,

<>BD

?AD


N

X X X X X X X

@>B> D B B> O AON O DB D? >> > BK 2, '078 43  490-44 @ D K? D B 9 9 N %0 9 D B K < C>? AD@CD N 490-44  57088 43 D B E @ D H> C>O 2 N !,. , 0 472,9 DB @ D D %0 90 N %0 ,DB C 503 $50. , A <> AO = =@> ?AD E F> ALCK D B ,DB C D @ K D@CD EDBDILN @D D D D = < N O ?AK ,DB C 25479 0@K D@CD ?AD AO @> D <>BD D C <CD D ?A @ D@ B C ,DB C K $03/ %4 $03/ $0 0.9 43 ) = > D CCK @DB C K ,DB C !, 09908 K D > E A> K B B >G @> =C @D DE D D > C@F>? ,DB C 0307,90 !, 0990 1742 $0 0.9 43 ,DB C A <> AO EDB I C>O AN D? G > @ B CLH CCD D@CD E A> 1 A> BD<CD D C> L C > @ ,DB C 0307,90 490-44 1742 !, 0990 ,DB C E D = E A> D <>BD ,DB C !7 39 3 $099 3 8 ,DB C E C =C G C AO CD @> E B D E G > 0C K D > ED B CN BO DE F>OB> !, 0 $09:5 !7 39 3 59 438 0,/078 ,3/ CD @> E B D C>FK 449078 0E F>O !, 0 $09:5 A <> AO 0C K D > D@CD D < I >E>GCK CD @> E B D C>FK =B B > ED D ED G> B > =B K EDA ? D > C F>N 0E F>O !7 39 3 59 438 E C =C G C AO CD @> DEF>? E G > 0C K D > D@CD @D D DB > C A> N O DEF>> 0E F>O 0,/078 ,3/ 449078 E C =C G C AO CD @> @DADC > AD EDBDILN K D >BD D D@C ,DB C !7 39 ,DB C E C =C G C AO E G > D @ 0C K D > D@CD E G > @D D DB C A> N O CDB C>F G> AD @DE>? = C>O = D @> @DE>? D@C @< C A> O >E E >C 0@CD ED@ = CD C >  

,9 02,9 .,



>

 

0@CD E G > @

X X

E DF E G > @ BD< EDO > L O D@CD E >C @D D DB D D


< O D EG >> >?CK > F>> E >C C @ANG C D
B @DCG>A> L G C>A ,DB C !7 39 $0 0.9 43 ,DB C E C =C G C AO E G > C D K A CCK OG @ EDBDILN D@C E G > ,DB C  9 * EDAL= O AO D@DCG C>O D K > BD? 1 > M DB = E H> O C D D >BD L D C C>O @ C > @

   . CN/ 9

. CN / 9 D <> @DB C K @ > D C>O @ . CN D <>  @D


B C DALH>C D >= @D D K A> N O @A >H B> ,DB C K @< D
I AON DE F>> DB D B C EDB I N D CON @> N G> K N >C D B F>N BD >B @ @D C =C G C> @DB C B CN / 9 X ,DB C &3/4 D B C DE F>> D B C D <>BD D K A CCD? OG ?@> > EDB
X ,DB C :9 97 I C> D DBC



= X ,DB C 45 97  @DE> D <>BD OG ?@> A C>O >= OG ?@> D B C DB X ,DB C !,890 97 ' @DE> D <>BD @D D D @ = CD @ D DB D <>BD E > M DB C B CO O X ,DB C  0,7 0 C>G D< D <>BD K A CCD? OG ?@> = D C C>O X ,DB C 45 8 @DE> D <>BD OG ?@> = CCDB D B D B D @ X ,DB C !,890 8 E CD > D <>BD

D D D

X X X X X X X X X

@D D D @ = CD @ D DB D <>BD DG>I O 9 > E DF K KEDACON O EDBDILN @DB C K !,890 ,3/  8.,7/ ,DB C $,;0 $0 0.9 43 8 A <> AO D C C>O E F> ALCK DB @ D K A CCK OG @ 1 G CL D B D @ = C ED B CN ,DB C $0 0.9  97  K A C> OG @ ,DB C 38079 - 0.9 D @ K C CD D@CD E GC B E >AD<
C>? 1 >AD< C>OB> O AON O @ K > C@> > > D J @ K 0C> C
ON O > B ,9 02,9 ., > BD @ > D L O 1D B CN 49 43 @ > D C> DALH> C ADO=KGCK @ D C
CKB ED D DB ,DB C  57088 43 35:9 D K < C>? =A>GCK D B >=
C> > OG @ EDBDILN @DB C ED B CN ,DB C , 0  $ 19 97 E A C> > @ > D C> D
<>BD D OG @ D B CDB D B ,DB C  0. , ,3.0 $ 19 97  DE A C> B EDAD< C>O @ D D D @ D ED> @ @D D@ ,DB C  0. $50 3  9 E D @ D D >> ,DB C !7010703.08 K=D D@C C D @ > BK

   . CN0 

. CN 0 A <> AO D K OG ?@ B> 0CD D <> C @DAL@D ED B CN > DALHD G> AD @DB C 1 > B M > @DB C K > DE>H B > C =C G C> X ,DB C 43;079 %4 ,DB C E C =C G C AO E D =D C>O D B D <>BD D OG @ 0C D @ K ED B CN E GC B E >B CO BK D B D @ I>? D B EDB G C AO = C>O CD D D D B C D D >BD D D B > L
ADG@D? I A@C BKHLN ED DE A CCDB E C@ ED B CN D B B> OG @ BD K L A NI> DB D N 35:9472 $ 19 97 DB KD N :95:9472

,9 02,9 .,
N N N N N



X X X X

1> D @ B> DALH>B G> ADB B B >G @> =C @D F A DD


=CD > EDAL=D L C CK? D B ,DB C  85 , 8 CD @ D B D D < C>O OG @ ,DB C 01,: 9 35:9 472,9 % 50 CD @ D B AO OG @ D ,DB C 01,: 9 :95:9 472,9 % 50 CD @ D B AO OG @ K
D 1D B CN 0 !745079 08 1D B CN 0 !745079 08 C A> D? OG @ 0CD D <> A
NI> @DB C K C A> OG ?@ D @ K D? >A> = @ K D? N 0 503 C A> OG ?@ @ > BD? >A> C @ >
N 0 / 9,- 0 BD? C A> OG ?@ DF C> BD? >A> C DF C>
N 0 ;, :,9,- 0 BD? A OG ?@ CD L D= CCD? A G @ >
N 0 / 9 :5 .,90 D C>O A OG ?@ @ > CD? >A> C @ > CD? N 0 .9 ;0 A OG ?@ >C>F> A>= F>DCCD? >A> C >C>F> A>
N 3 9 , ,9 43 0 = F>DCCD? CD @ E G> A CCK D? KEDACO O G = ED B CN 0 !74507
CD > L D CD B CCD C @DAL@D C E D > D G>
9 08 1 > M DB BD<CD K D? AO CO >O D? C D D >BD ED D > L @DB C ;G ?@ D > DD NI O ? OG ?@ K D D BAON O E @D @ B> D >CDGCKB> > D I ? @ > >=> O @D @ D?CKB I AG@DB BD<CD @ K L > CD K D > L C M@ C K D C N OG ?@ 9 D EDA =CD DB A G A> = AL C ? A>H@DB DBD= @>? @ > D L BD<CD D <>BD @ @ D CD? @ > K D CD? OG @ AO M D D K D C N OG ?@ C D D >BD A L @ > BD? CD > D? D 0 / 9,- 0 @ > B O OG ?@ >B >B DA  D ? D
BAONI ? @D @> EDBDILN @DB C K 0 ;, :,9,- 0 > EDACON O > K N = AL K DAL@D DF C> BK OG ?@> / DF C> BK OG ?@> EDB G N O =C @DB 


C CK? D B $9,3/,7/472 $ 19 97  >F>DCCK? D B %7,/ . 43, 472 $ 19 97 % @ D CK? >G @>? D B !489$.7 59 D K? D B >=D < C>?  92,5 @ D CK? >G @>? D B 3/4 8 09,1 09,1 0



> D BAONI ? > @D @D? 0F C> C> OG @ BD<CD KEDAC> L AN DB > DG C>> *=B C C> @ > CD > OG @ D > O @DB C D? 0 .9 ;0 @ > C O OG ?@ EDB G O >B DADB  > E AO O @CDE@D? *C>F> A>=> D CC O OG ?@ C A> O @DB C D? 3 9 , ,9 43 0 EDB G O @D @ =C @DB   > DB >G @> > EDACO O E > = =@ @ AO D J >C C>O O OG @ D C EE OG ?@> K AON O > > EDA
CO O @DB C 74:5 0 8 1 > M DB DC> D BAON O D CD? D I ? @D
@D? E L BD<CD D J >C CCK AD@ OG ?@> D @ K L > = @ K L ,DB C &3 74:5 0 8 =J >CO D J >C CCK OG ?@> 1D B CN 0 74:5 3 / =C G C> ED B CN EE> D @ OG @ 1D BDAG C>N K C <>B >> > :942,9 . 74:5 3 ED @D D DB OG ?@> D J >CON O DD >AOB> 3 D K D EDAL=D L O @DB C B> D J >C C>O > =J >C C>O OG @ C D D >BD K L @DB C ,3:, 74:5 3 K A CCK EEK > ED
N ,DB C 503  $:- 74:58 D @ K EEK OG @ K A CCK EEK > ED
N ,DB C  480  $:- 74:58 = @ K EEK OG @ EE @ G D >
N ,DB C 503  480 74:5 D@ I G> AD OG @ >BD? D O DAL@D E O OG ?@ 0 ALCK @DB C K B CN 0 >B N A NI> C =C G C>O = A C> EE> D CCK OG @ N  ; /0 0 $ 19 97  D J >C C> K A CCK OG @ N 07 0 0 8 $ 19 97  C>B F>O >@DB K A C
N 3 2,90 $0 0.90/ 7,5 .8 97 CD? OG ?@> D E D>= C> >C => D CCD D = @ N ! , $4:3/ ED D C> = CD D >@D N #0703/07 7,5 .8 ED D C> = CD D >@D ED A
N #0703/07 ,3/ $,10 7,5 .8 NI ? = E> LN CD @ C CD D =B OG ?@> N , 0 $9,3/,7/ $ 0 K C> C> >@D N  3 $0 0.90/ 7,5 .8 KD > >@> D =B OG @ N 0 $ 0 $9,9 89 .8

,9 02,9 .,
   . CN472,9



. CN 472,9 D <> A NI> @DB C K X ,DB C $9 0 A <> AO CD @> E B D @ H > =B >B DAD > K K A C>? > ,DB C D @ K ED B CN C CK >A ? @D D
K K > N O EDAL=D A B > A>= N O > BD? X ,DB C $.7003 $9 0 3; 7432039 9 @DB C E C =C G C AO >=B C C>O D B @ C M@ C > >B A NI> CD @> >AL >E>GCK? N 47 3 E = C F>DCCK? >AL A>G C> B =B >B D
N !708039,9 43 AD B CLH CCK? =B >B DAD < K? N 43/0380/ >AL DE >B ALCK? AO E G > E >C CK? N !7 394:9 X ,DB C !7 39 $9 0 3; 7432039 >AL E C =C G C AO >=B C C>O D B @ E > E G > *B < CD @> G D > E K I O @DB C X ,DB C $ 4  57088 43 ,DB C A <> AO ED@ = K < C>? C CDB > = C DB > 1 > M DB = C K? D B E AO D D? C CC>? D B >E E D BBK C O=K@ > BK ,9 02,9 ., X ,DB C 59 43 3850.947 ,DB C K D > D@CD DEF>? NI EDAL=D AN E G CL DEF>? E D BBK > D=BD<CD L > > EDAL=D C>O AO D E G C>O < A BD D > >C D B F>> X ,DB C #024;0 59 438 ,DB C > DEF>> CCK EDAL=D A B > D C A> C G ALCD D DOC> > BK X ,DB C K L ? G D? > EO D? EE B CN 472,9 9 > @DB C K E C =C G CK AO E A C>O >A B D@ B C 0C> ED= D
AON D I > L K D >A ? C A> L >E H > C G C> >B DAD > > =B C A> L F @ > DC D I AO L K
C> C> @ ED H> >C > = > @ C D@> X ,DB C K H D? EEK @DB C B CN 472,9 9 > @DB C K O AON O @DB C B> E A C>O D@CDB @ , C>B G D D I O EDAL=D AL



9 > @DB C K @D K D D < C> B CD? A>C ?@> N $ 4 #: 07 K D C M@ C E C A> >C B C D N $ 4 %44 -,7 ED@ = A>C>? = K C>F N $ 4 !, 0 70, 8 CD @ B H D D < C>O @ M@ C N , 3 1 .,9 43 AO EDAL=D AO D D D EDA =CD? O AO O ED A COO @DB C , C ? G D E >
D> OD I LOE> D @ DB C E >B E > D C C>> @ EG > @ > / @D E > D > O D I L O @< @ @DB C K D C M@ C E C A> >C
BCD
   . CN 35:9 1 G> A>B @DB C K D OI> B CN 35:9 X ,DB C 09 7,5 .8 447/ 3,90 ,DB C ED= DAO DE AO L @DD >C K AN D? DG@> B CD D >
@ 1 > > EDAC C>> CCD? @DB C K EDO AO O D@CD D JO CONI E D
F K EDA G C>O @DD >C AO M D D C D D >BD K A> L B CK? >@ C < L @A >H 97  > <> O EDB > L C <CD B D >@ @ D D@ D DOC>? EDO O O @DD >C K >@ @>B ED D DB BD<CD EDA G> L B ? D @DD >C DG @ > EDBDILN @DB C K 45 EDB > L > D B C E L E > C D D >BD > DG@> BD<CD > L EDBDILN @DB C K !,890 AN D B D @ D
@BC X ,DB C  ' 0 !4 39 9 @DB C E C =C G C AO K D A @ D DG@> D =D B CD D >@ X ,DB C 4 47 $0 0.947 ,DB C K D > C CD D@CD >=B C C>O F EDBDILN M D D D@C D= N O F > C@D > = A> @> X ,DB C #0.47/ $4:3/ ,DB C KD> C CD D@CD = @D= E> > DE F>DCCD? > BK 3/4 EDBDILN M D? @DB C K = E> K N O = @D K > C AK G> > B =K@> > ?AD X ,DB C 09  0 !,9 ,DB C A <> AO @> D@ B C >B C> ?A @ = C> B E > @ C B 1 > D I C>> @ @DB C D @ K O D@CD = =@> ?AD 1D A K D C <CD D ?A > I AG@ BKH> ED @CDE@ 503 ?A AC C <CD B D @ D B G CCD @ D DB

,9 02,9 .,

X ,DB C

,DB C A <> AO = C>O A>F B >F > E A> G = A CD B CN 1 > D I C>> @ @DB C EDO AO O D@CD = C>O A>F B >F > E A> >   ,DB C D? F A DD =CD EDAL=D L O A G DALH> =B D A>F > B >F ,DB C @ >G @> A> = C> A>F > B >F B D B> DE> CCKB> A 

70,90 %,- 0 ,97 !, 0990

>

 

0@CD = C>O

A>F B >F > E A>

X ,DB C X

,DB C A <> AO D= C>O @CDED@ =A>GCD D C =C G C>O 1 > D I


C>> @ @DB C EDO AO O ED B CN D < I @> @CDE@> ,DB C / 9 :9943 ,DB C A <> AO @ > D C>O @CDED@ ED B CN D= CCK @DB C D? K D > D@CD @ > D C>O @CDED@ C B D
70,90 :9943 ,DB C <> O E G CL @CDED@ > CD D D@CD E D BBD? D= NI ? C D D
>B N @CDE@ 1 DF K D= C>O > @ > D C>O @CDED@ N =C C>O E D BB>
D C>O C O=K@ > BK ,9 02,9 ., ,DB C 70,90 507 3 ,DB C E C =C G C AO D= C>O >E KAD@ @D D K A>= N O A NI>B D =DB D@ D E>H O @D D @ O = AD D >A> O = K AON O > > EDACO O @DB C 70,90 507 3 1 > M DB D @ K O D@CD 0

70,90 :9943

X X X

C A> O DD NI B EDA D@C ?A *BO ?A >A> K > O >= D@C ED> @ ?AD K D >BD D @CDE@D? D =D ?AD 1D A C < >O @CDE@> D= C >E KA@ ,DB C 70,90 :942,9 . :2-07 3 - 0.9 ,DB C D @ K D@CD D= C>O D J @ 0@CD ED= DAO K > E
G CL C B D CCK D J @ D @D D KB> > BD<CD D EDAL=D L O ,DB C 70,90 ', :0  85 , - 0.9 ,DB C K D > D@CD D= C>O D? D J @ D 0CD D=BD<CD L D I >L @ D J @ D > EDAL=D C> B DEF>? ,DB C K @> D <>BD D OG @ G DB = A B CN 35:9 >B N O A NI> > @DB C K
N N

@K>

X X

9 > @DB C K E C =C G CK AO @> @ D <>BD D E H


NI> OG @ D > K D >A> E K OG @ ,DB C 425 090 $0 0.9 43 ,DB C E C =C G C AO K D E> @ >B C C@F>? O >
BK AO M D D C D D >BD > @ANG D AD D >A> D G L > > EDAC> L CC N @DB C ,DB C , 0 %025 ,90 ,DB C K E> D@ E B D C@F>> >B C> @D D D? C D > O @ D K? @ D / E >B A> CD AD D ! 49 > @ D C D > O D D A > D ED @DB C , 0 %025 ,90 EDA G>B D ! 49 1 > CD G D M D E D D C O E DGC O > B 2 3 2, <( *= E >B ED >C @ > C@F>? O > BK

45 35:9 1742 -4;0 45 :95:9 1742 -4;0 N $9,79 0 0 0 4

   . CN 0730  . CN 0730 E C =C G CD AO E A C>O O DB > BK ,9 02,9 ., > @ @ A > E DF DB H C>O = G 0CD E AO ? >OB> OG @ C > D <>BKB BD >B @DB C K M D D B CN X 1D B CN ;, :,9 43 1D B CN ;, :,9 43 E AO E DF DB KG> A C>? 0CD D <> A
NI> @DB C K KG> A C> K A CCK OG @ N ;, :,90 0 8 $ 19 3907 KG> A C> K A CCK K
N ;, :,90 3 ! ,.0 $ 19 97 3907 < C>? D@ D

,9 02,9 .,
N

X X X

KG> A C> A NI ? D@> EDAD< CCD? ED K A CCD? OG ?@D? KG> A C> K A CCK OG @ N ;, :,90 $:-80.9 43 KG> A C> K A CCK OG @ C>= N ;, :,90 490-44 KG> A C> >C>F> A>=> D CCK OG @ = > N ;, :,90 3 9 , ,9 43 K A C>O = E @ > AD D K O DB N 3907 $:-80.9 43 = H C> D K O DB N  9 $:-80.9 43 *= @ @D D DE> C>O @DB C ED B CN ;, :,9 43 > CD G D DC> I
CCD H> ON E DF K KG> A C>? KEDACO BK E B C < >O @DB >C F>> @A >H $ 19 3907 ,DB C 39077:59  9 ,DB C E C =C G C AO E K C>O @ I> KG> A C>? 1 > >
EDAC C>> = O DE D @ @ E L KG> A C>O > @DAL@D H D K
G> A C>O I C <CD A L ,DB C BD<CD D B C> L ,DB C -479  9 ,DB C E @ I C>O KG> A C>? F A DD =CD > EDAL=D L E > =
F>@A> C>> 0C K D > E DF KG> A C>? >= M D D <>B D C
C> B CCK > @ I ? E D BBK ,DB C K K D O > BK ,DB C K K D O > BK C D O O D D DB E C@ B CN 0730 1 > B > C = C>O > D < C> = E @ K CCD D O N $9,79 0730 = H C> D KO N ": 9 0730 K D O > EDAL= BD D ED BDAG C>N N 01,: 9 0730 KD O AO CCD D D@ B C N 490-44 0730 490-44 K D D@C CD @> D? O N 0730 431 :7,9 43 59 438 9 > @DB C K ED= DAON D L C DAL@D CD A CCKB O DB >
BK CD @< >B> O B> DB G> A > ED @ANG L O G = L ,DB C K DG > CK ED > C = C>N > O A> N ED D CK D JO
C C>? ,DB C $ 4 3 :9 ,208 9 @DB C E C =C G C AO ED@ = CDB D D@ D > K D @ D@ B C A> D=A @DB C K D> ADG@ D CDB D@ ED@
= CK E D > CDB A G C
;, :,90 0 9 35:9 $ 19 3907

/DB D@ K N EDA =CKB> E > KG> A C>O > B DE @ B


B >G @> DE F>> K < C>OB> G = CDB D@ ,DB C  :95:9 ,DB C E C =C G C AO A C>O @ OG @ CCD D D@ B C

  . CN 3/ B CN  3/ C D O O @DB C K ED> @ > = B CK @ D 0C> D CD O O @ DE


F>OB @ > D C>O . CN  3/ D <> > EEK @DB C BD >B > C =C G C> > D
< C> X 1 O EE @DB C E N EE D O A NI> @DB C K ED> @ > = B CK BCD @ ED> @ D@ = > = B CK N  3/ 97  D D@> D@CD ED> @ N 3907 $0 0.9 43 97  ED> @ ED @ E N  3/ 0 9  ED> @ ED @ C = N  3/ !70; 4:8 $ 19  ED> @ OG ?@> = CCD? M >@ @D? %, N  3/ 3 0 %, 8 =BC D@ N #05 ,.0 97 # =BC D@ E D DA< C> B N #05 ,.0 13/  3/  , 3 $ 19 97 # ED> @ = B C ED B @ N #05 ,.0  E G> A CCK DE F>> KEDACON O EDBDILN E F> ALCD D D@C CDAD >O ED> @ > = B CK D DGCD E D > DG > C X D O EE @DB C D D N EE B CN  3/ D O A NI> @DB C K D@> N 503 $0 0.90/ D @ K > D J @ D D < I> K A CCK E D@ @ @ D K A CCD? D@> N $.74 94 $0 0.9 43 D= C = ED A > EDAL=D C>O >E KA@> N 4,. ? >O M > @DB C DG > CK X LO EE @DB C LN EE B CN  3/ D O A NI> @DB C K
// #024;0 0 %, 8 97 N 0 %, 8 N $ 4 0 %, 8
N

,9 02,9 .,
N N



0 %, 8 1742 ,208 ,.0 3/0


9 > @DB C K D E G> N D M >@ @ B> EDBDILN @DB C K 0 %, 8 K=K O E> D@ M >@ D@ 1 > K D >B C> M >@ @> K AON O OG ?@> @D D K EDB G CK M D? M >@ @D? 1 > C D D >BD > > L M >@ @ D@ D A D EDAL=D
L O @DB C D? // #024;0 0 %, 8 EDBDILN M D? @DB C K BD<CD @< A> L M >@ @ A> DC >B O D@ ,DB C K=K D@CD @ > D C>O M >@ D@ ,CDE@ // D
AO M >@ @ @CDE@ #024;0 AO ,DB C 0 %, 8 1742 ,208 ED= DAO D= L M >@ @ ED CDB OG ?@> ,DB C ,.0 3/0 D CO M >@ @> @
  . CN 3/4  > B ,9 02,9 ., ED= DAO D L D CD B CCD C @DAL@>B> D@C B> 9D K D CD A> D K N O >A> D= N O D CD B CCD C
@DAL@D @ D . CN 3/4 >B A NI> @DB C K AO D K BCD DD@DCCD? >
BD? X $9,. 8 3/4 8 @ @ CD EDAD< C> D@DC X % 0 3/4 8 /0 BD= >GCD EDAD< C> D@DC ED K D X % 0 3/4 8 %, BD= >GCD EDAD< C> D@DC ED H> >C X 088, 08 K D D@C DD I C>? D DH> @ EDBDILN M > @DB C BD<CD E AO L D@C B> B DB EDAD< C>O =
B DB D CO L > D <>BD   . CN 0 5 0 I C> D E DGCD? > BD? D DGCD E D D > DG > CD E A C> > BD? D I AO O @DB C B> B CN 0 5 = E @> K=K O @DB C D? 0 5 74 807 $ 19  E DGC O > B ED= DAO X EDA G> L C>O D D @DB C A CD D B CN X >= G> L E >A = E> > > C D B B >G @> K < C>? X DGC> L C =C G C> AN D? C@F>> >A> DE D



B = A E @> % 0 ,9 02,9 ., 44 E @ BD<CD EDA G> L D DGCD E D D ED >B C> B @ = AN

X D=C @DB> L O E >B B> > E > ED D > L > @ >C E >B K >B N O ED @ < D? C@F>> X EDA G> L D E @ E @ B H> C>O > >B = X EDA G> L E @ D > B X D EDAL=D L O MA @ DCCD? @C> D? = D G>@ >
,9 02,9 .,

B EDAL=D D H? BK > C

AO

DAL

C@F>> >A> A

> CD

9A @ DCC O @C> E D D CD G CD ED D > ED >= G C>N > BK ,9 02,9 ., D D CCD ED E >B C C>N B B >G @> G 0C O AO
O @D D DB AO C G>C NI> ,C> D <> BCD D D B A >@D > EDAL= C>B F>N 1D= DAO D L E >B B> @ > D L > = EDA G L CD K = AL K E
CD > L E >B K D B C C O L = AL K >= DBC @ EDAL=D AO 0 D CCD OB> @C> > O AON O EDACD C AO CD L E D D ED> @ 0 C @D C A B L G D MA @ DCC O @C> O AO O >C CCKB @
A> >F> D CCKB G CKB ED D > B ED >= G C>N > BK ,9 02,9 ., -N O MA @ DCC O @C> >B O C D @D 0 CD CKB> >= C> O AON O O @DBELN X AO >= G C>O > BK X C AO = D D LO E > A> ALCDB > EDAL=D C>> X D <> DALHD G> AD C>F EDM DB C D D >B N E @ CD DK@ L X B D >G @> @ @ E >AD D D C < G B D KGCK? G C>@ 1D M >B > O > E >G>C MA @ DCC O @C> C BD< = B C> L D KGCK? G C>@ > K L >C CCD? D G NI ? > BD? 0 CD CD C =C G C> MA @ DCCD? @C> > EDA G C> E @> E DF
H C>O = G> ) L DC >B E >D > ED C C>N D KGCD? @C> D? @D
E DF H C>O = G> @ ?C C D CD D I L O @ @C> F ADB < D KGC O @C> > E DGC O > B DB G> A > MA @ DCC O @C> D D@ ECD > O AON O > ALCD? > BD? D G C>O *= >=AD< CCD D > CD G D >= G C> > BK ,9 02,9 ., C A C G>C L ED D CD D >= G C>O E DGCD? > BK > G CD > MA @ DCCD? @C> > / A @< ED D CD >= G L >C ? > BK G CD > D DBCK? D J B B CN > D @DB C / <CD A>HL AD E DG> L C H E N A >

MA @ DCCD? @C> D?

,9 02,9 .,



E > E L @ H C>N = G E DF H C>O ED B C D D >BD


> >= G L O MA B C K > AD DGCO L O C@F>> > @DB C K >= G L O @DBELN CK CDAD >> H C>O = G DAL@D @ BD<CD >= G> L > B ,9 02,9 ., EDACDB D J B 1 > M DB A >B L > G D AO M D D ED O BCD D B C> / E @ >@ >C< C > C DAL@D B E > D > O H L A>HL DE A C
CK? @A = G @> A G O D D C> @DBELN CK CDAD >? = ?B C BCD D B C> > D@ E> O D@ EDA G CCKB> @D D @D BO = AL
B>

_ \^\

0 CD K D K  > BD?,9 02,9 .,  <>B  KG> A C>?


AO EDA G C>O H C>O K D@D? D D CD LN C D D >BD =C L A C>O > D CCK X E >A E X C@F>> B B >G @> DE F>? X D CCK C@F>> KG> A C>? X @DBELN CK CDAD >> H C>O B B >G @> = G 1 > H C>> E @ >G @> = G C D D >BD D AN L A NI> D CD CK E >A X C C <CD H L = G ED E >CF>E K C>O C <>B O = = D @A
>H> >A> I A@ O ED @CDE@ B E C A> >C B C D H O B B >G @ N = G C D D >BD E DC G ALCD B L = B E >C>B L H C> > DAL@D ED DB C <>B L @A >H>
X C D D >BD E D O L D D CD L EDA G CCK D @A>@D E DF H C>O = G> X B> L O EDCO L B D K > A D > BK H C>O = G> C A>=> D L EDA G CCK? = AL X X A> M > E >A C D AN L D H C> BD< > C ED A D L DA D D DCD BD< I D L CD K L DAN CD C CKB A @< EDBC> L G D H O = G B D DB K C>O BK O B
BO C EDA G C> C C <CK >CD

   > B >G @> DE C@F>> @DC C K

D K 
DD C@

> B ,9 02,9 ., >B EDACK? C D > B >G @> DE F>? > @DC C BD >B > > E > B E >B K

,9 02,9 .,
    > B >G @> DE > B >G @> DE D K > BK ,9 D K 02,9 ., E >
 


CK A   DK
02,9 .,

A>F >B DA DE F>O

) $679 (

> B >G @> DE > BK ,9

< C>

1 >B K
  , - $ 3   , - $ 3 48 48 $ 3 ) 
 ,
- $ 3
48   , - $ 3 48

AD< C> KG> C> BCD< C> A C> D= C> *= A G C> @ @D CO

E CL CD D

) ,) ,)

$679 ( $679 , -( $679 0) (

> B >G @> DE F>> > B ,9 02,9 ., D I AON O C I CCKB> > @DBEA @ CKB> G> A B> C E> @ B> >E @ D >A> B >F C K < C>OB> > C@F>OB>
    > B >G @>  C@F>> , > B >G @>B D KGCD D CD O A NI> C@F>> X KEDAC C> > B >G @> DE F>? C G> A B> X DE A C> A> A ? F AK G> A X DE A C> C >B CLH D D I D @ CD D X KG> A C> @ D > AD X E > C> I CCK G> A @ A>< ?H>B F AKB X EDA G C> E D K G> A BD >B D CD CK >= C>

X ! :8 X % 208

> B ,9 DE F>?

C@F>> KEDAC C>O > B >G @> DE F>?


02,9 .,

>B

NI>

C@F>> KEDAC C>O > B >G @>


( (

KEDACO BB> D C> G> A KG> AO E D>= C> G> A



_
(

X  ; /0 X 4/

D I AO A C> C D= I D D@ D A C>O C ( 1 >B K KEDAC C>O > B >G @> DE F>? E >

CK C >

 

>

 

1 >B K KEDAC C>O > B >G @> DE F>?

0E A C> A> A ? F AK G> A > C >B CLH D D I D @ CD D


C@F>OB> DE D O AON O

A C>O A> A ? F AK G> A > C >B CLH D D I D @


3

CD

X  ; 8478 3( D= I F ADG> A CCK A> A> G> A X  ; 847$ 2, 3( D= I BB D= CCK <> ALCK A> A ? G> A 3 X  903/0/  3 2( D= I C > DALH>? D I>? >2 X  3 3 ( D= I C > DALH>? D I>?
G> A 3
3

E CL EDAD
A> AL G> A
3

A> AL F AK

,9 02,9 .,


CD F AK G> A CD D E > CK C

1 >B K DE >  

 3 3 3 3

D=

C >B CLH D I @

A C>O A> A ? F AK G> A > D I D @

>

 

0E

A C>

A> A ? F AK G> A > D I D @ CD D

1 > C> I CCK G> A @ A>< ?H>B F AKB D I AO O ED


BDILN A NI> C@F>? X #4:3/ ( D@ AO D A>< ?H D F AD D X  447 ( D= I C > DALH F AD G> AD C E KH NI X 0 3 ( D= I C >B CLH F AD G> AD DALH >A> CD X ":49 039 3 2( D= I D@ A CCD F AD G> AD 3 2 C E K
H NI =C G C>O 3 2 )C G C> M > C@F>O BD< K L C DAL@D G> ADB CD > @ D DB G> A > < @ D DB KG> AO BK C@F>? 1 >B K E > C>O I CCK G> A @ A>< ?H>B F AKB E A CK C >   @ D > AK G> A 3 > B ,9 02,9 ., KG> AON O EDBDILN A N
I> C@F>? ,.947 , > ,.947 ,  @D D K >B N > X ,.947 , 3( D= I =C G C> @ D > A G> A 3 X ,.947 ,  3( D= I =C G C> D?CD D @ D > A G> A 3 1 > CCK C@F>> KG> AON @ D > AK G> A I CCK F AK > D CK EDAD<> ALCK > D >F ALCK 0C> ED= DAON DE AO L @ D
> AK DG CL DALH> G> A

1>

C>

CCK G> A @ A>< ?H>B F AKB

KG> A C>

@ D > AD

>

 

1>

C>
3

CCK G> A @ A>< ?H>B F AKB

AG C>OB

F AK =C G C>?

@ D > AK DD

NI>B K <

3 K  K  K K 3 3 3 K 3
 K 3
 K

1 > M DB       1 >B K KG> A C>O @ D > AD E >

CK C >

 

1DA G C> E D K G> A

1DA G C> E D K G> A D I AO O EDBDILN A NI> C@F>? X !7 20 3( D= I 3


E D D G> AD X !7 20! ( D= I @DA>G D E D K G> A C E KH NI> 1 >B K EDA G C>O E D K G> A E > CK C >  

,9 02,9 .,

>

 

1 >B K KG> A C>O @ D > AD

>

 

1 >B K EDA G C>O E D K G> A

   *B CD

CCK @DC

C K

C NI O E DE> CD? C >=B CONI O ED D > B


,9 02,9 .,

*B CD CC O @DC

O AO O D J @ DB >B NI>B C>@ ALCD >BO C G>


@ K ,DC C >B = C DE A CCD =C G C> KG> A C>? NI> >B CD CCK @DC C K

X  D CD C> C ALCD D AD > B X ! D CDH C> A>CK D@ <CD > @ > B X BC>B O >C>F
X 31 3 9 EDAD<> ALC O @DC GCD L


>B N O A

CD >

> O =C @ 

B>C

E > D

>F

ALCD?

@DC G


>B NI =C G C> 5 X 0 700 G> AD > C X : 07 ,22, ED DOCC O 9?A >B NI O =C G C> X 4 /03#,9 4 @DC C >B NI O =C G C>
   



A C> D

=@ ED

X ,9, ,3
/

>A =DAD D D @DC C

G C>O , A C >B NI O =C G C>


 

AO G> A CCD D =C G C>O @DC C K C D D >BD E > I >B DA  F ALN EDA G C>O = AL

>B C B ED CCD D G> A

> L

>B CD CCKB> @DC C B> BD<CD KEDACO L AN K B F>> 1 > M DB DAL@D C D D >BD @ = L G D KG> A C>O C I CCKB> G> A B> AO M D D I BCD D ED > O DG@ @DCF F AD D G> A > EDAL= O C@F>O  > O @DCF EDA G CCD D >B DALCDB > D 9 D DA ED D CD >=A O A A

B >G @> DE
D I AON O D D C E >B ( @D D O D

1 >B K EDA G C>O @DC >  

C >B

B >G @>

>O C

C>B> ED@ = CK C

>

 

1 >B K EDA G C>O @DC C > B B >G @> DE F>> C>B>

,9 02,9 .,



    @D DG CC O D B E > B >G @> DE F>?


DE >

A C>O

X //%4 / ( E > AO / @ > D= D DB C@F>> O AO O / X $:-97,.9742 / ( KG> / >= CD


/ DE D DB C@F>> O AO O BCD< C > D= ( X % 208
DE D DB C@F>> O AO O K

B ,9 02,9 ., >B O E F> >G @ O D B = E> > B B >G @> F>? C =K B O @D DG CCD? , < D? @D? = E> > DE D DD
DO D CC O C@F>O @>B> C@F>OB> O AON O I CD D =C G C> DE

> D= I CD D =C G C> K < C>


/ I

< C>

CD D =C G C>

CD

>

@D DG CC O D B = E> > > B >G @> DE F>? EDBDILN C@F>?


>

@D DG CC O D B = E> > > B >G @> DE F>? EDBDILN DE D D




_
DE D DB

X  ; /0

A> C > D= C@F>> O AO O 

CD D =C G C>

CD

1DA =CD L M D? D BK = E> > B B >G @> DE F>? C DAL@D DA @D D @D? D B E A C>O CD @< DB G D D CD B CCD KEDAC C> B DE F>? D I AO O E > D C> CD D D =C G C>O @D DG CCK D BK = E> > > B >G @> DE F>? BD<CD > EDAL=D E > G> A CCK @ > E > >B DALCK KG> A C>O

L@ @

1 >B K KG> A C>? A G @D DG CCD? D BK = E> > DE F>? AO A G O G> A CCK > >B DALCK KG> A C>? E > CK C >  >  / > >
 

E A CK KG> A C>O > EDAL=D C> B > EDAL=D C> B DD NI> DE D D

C@F>?

   >EK
E

CCK 
> B C@F>>
,9 02,9 .,

CCK @D D KB> D B CCK K < C>O A  

LB D H> CK 9 D G> A >EK G> A CCK CCK E > CK

A>F 0 D=C G C>O


390 07 #,9 43, #0, 425 0

  >EK G> A CCK

CCK

>EK G> A
2 ADG> A CCK F>DC ALCK I CCK

1 >B K
             

,DBEA @ CK

>B DALCK E B CCK BD D =D K L @DAL D CD AD<CK K < C>O @D D K > B ED D C E DI L 0 C> >B DALCK E B CCK BD K L = B C CK >B> D = O CD K K < C>O > < D B AK > D B >B L@ @

DALHD @DA>G D C@F>? @D D KB> EDAL=D AL BD< D KGCKB> CCKB> KEDACOO AN K B B >G @> DE F>> D CD CK >EK CCK @< D =D C>? > KG> A C>? =A>GCK

M DB = A E > D O O CDAD >> > B B >G @> E

    > B >G @> DE F>> F AKB>> F>DC ALCKB>G> A B>


> B ,9 02,9 ., KEDACO KG> A C>O G> A B> F AKB> > F>DC AL
CKB> = ED HCD ? 1 > M DB C >B O D C>G C>? C = O CD L G>
A 1 > B E >B K ED D CK KG> A C>?

,9 02,9 .,



1 >B
/ D

 
NI> KG> A C>O

D >BD KEDAC> L A CD C >

         
H C> E >

   


>

H C> E >B

 

*= >  > CD G D > B KG> A>A D?CD? @ D > A G> A  D


AN CD? DGCD LN E >G B = DA> @ C K BB> D C> F>DC ALCK G>
A KEDAC CD LB M @ CD = AL DB D D> A G O @< O AO O G> AD F>DC ALCD 1 > M DB E D BB D I >A D@ I C> D > @DC GCDB = AL A >B L > G D AN K KG> A C>O A G F AK > F>DC ALCK G> A >B N = AL A>HL E > AD >> C A>G>O DGCD D H C>O A> DG
CD H C> C I D E D BB E > A>< CCD D H C>O C K 0C A>HL ED D O > D CD K < C> 1D@ < B M D C E >B

1 >B
/ D

 
A
3

D >BD KEDAC> L KG> A C>


5  8 3 5 

NI>
0
8 3

C@F>?

 .48

3

H C> E > *= >


3  

CD C

>

 

> CD G D E D
0

BB

K A

DGCD =C G C>
0


3

C@F>?


8 3

5 

0

>C

KG> A>A

K < C>?

@ DGCD > =C


G C> C I 9D > AL BD<CD EDA G> L

, D< A C>N > B C =C  G D 8 3  .48    D C D DGCD? >C AA @ ALCD > 1 MD D A> D > L O @ @DB C B E DI C>O K < C>?



>

 

H C> =

G E >B

 

     I

> B >G @> DE F>> CCKB>G> A B>

I CCK G> A > B ,9 02,9 ., E AON O CCD? >A> CD B ALCD? D B 1 > E A C>> G> A CCD? D B F A O G L D AO O D D CD? DG@D? C E >B      1 > M DB F AK BD<CD DE > L > B D  D > L  @> G> A >C D B >@ G D C =K
N G> A B> >@ > D CCD? DG@D? = EO D? DG@ @DCF G> A O AO O E >=C @DB D D G D G> AD I CCD / E >
B G> AD  O AO O F ADG> A CCKB  I CCKB G> AD  O AO O F>DC ALCKB  I CCKB 1 >E A C>> G> A CD B ALCD? D B G> AD = E> K O > B C
> K F AD? > D CD? G OB> > ED O @ > E C> G> A  D AO
BK =C @DB BCD< C>O C E >B            B D =C @ BCD< C>O BD<CD > EDAL=D L E D A @> G> A C =K N G> A B> EA NI ? DG@D? = EO D? @ > E A C> C D CD=C GCD
                

> B >G @> DE F>> C I CCKB> G> A B> N E > A>< CCK? = AL > B ,9 02,9 ., DE > E > A>< CCKB> G> A B> LB H> D@D D > E =DC . @ >B ALCK > B>C>B ALCK G> A >B N =C G C>O
      


,9 02,9 .,



9 > G> A A I

, ,. 30:2-07 >  3,.

BD<CD

> C

30:2-07

M@ C

EDBDILN

>

BCK

B CCK

CCK G> A > B ,9 02,9 ., BD E AO L O EDBDILN NI> D CCK C@F>? G> AD AN D D >E C E >B F ADG> A CCD >A> F>DC AL
 ( CD G> AD AN D D >E 3 G> AD F> = AL  3( / >   E > CK = AL K E A C>O G> A  >  > I
CCK EDBDILN D CCK C@F>? 0 > C>B C> C D G D E > E A C>> I CCD D G> A  EDBDILN C@F>>  3( = AL
DB O AO O G> AD A>HL H LN =C @ B> D BO @ @ 3

X X

>

 

=D C>

CCK G> A EDBDILN

D CCK

C@F>?

    > B >G @> DE @DBEA @ CKB>G> A B>


,DBEA @ CD G> AD E
#0 ( 2

F>>
NI B >

AO

O
(

A
2

( >A> #0

BC>B O >C>F AO O E DE> CD? @ D? A >C



 E @D D A > K < C>> @DBEA @ CD D G> A =C @ BCD< C>O BD<CD = B CO L E D ADB I CC O > BC>B O G > @DBEA @ CD D G> A BD K L G> A B> AN D D > @< >B DALCKB> E B CCKB> K < C>OB> > C@F>OB> C E >
B   
  , - 4  ( $ 3 (

X #0 X 2 X

( (

I CC O G L @DBEA @ CD D G> A BC>B O G L @DBEA @ CD D G> A



> B ,9 02,9 ., >B @DBEA @ CKB> G> A B>

NI>

C@F>> KEDAC C>O DE

F>? C

X -8 ( KG> AO BD AL @DBEA @ CD D G> A X 7 ( D= I BD AL @DBEA @ CD D G> A X 43 : ,90 ( D= I @DBEA @ CD G> AD DE O< CCD X #0 ( D= I ? > ALC N G L @DBEA @ CD D G> A X 2 ( D= I BC>B N G L @DBEA @ CD D G> A

>

 

E >

CK E >B K > EDAL=D C>O M >

C@F>?

>   0E F>> @DBEA @ CKB> G> A B>

>

 

. B >G @> DE F>> @DBEA @ CKB> G> A B>

> B ED= DAO KEDACO L AN K B B >G @> EA @ CKB> G> A B> @D D K D ECK AO A G O I

KG> A C>O C CCK G> A

@DB

1 >B

 

CK @DBEA @ CK G> A   


 / D D >BD KEDAC> L C G> A B> DE F>> AD< C>O BCD< C>O A C>O >= A G C> @ CD D @D CO >= =CD > G> A H C> E > CD C >  

,9 02,9 .,

   1
1

B CCK 

B CCK D J @ K E >C>B NI> =A>GCK =C G C>O @ @ G> A CCK @ > >B DALCK 1 > M DB E B CCD? BD< K L AN D? D J @ < @D? @ @ >G @>? >A> = @D D? *BO E B CCD? C =K O > C > >@ D DB DCD C G>C O @ K > BD< D < L AN K >B DAK 1 B CCK > B ,9 02,9 ., O AON O AD ALCKB> @>B> @D D
K BD<CD >=B CO L E DF KG> A C>? / E >B E > D>B E B CCD? =C G C>   > KG> A>B $ 3 ( = B E > D>B   > CD L KG>
A>B $ 3 ( 1DA G>B =CK D > B DE @ E E > > C> E B CCD? H C> >B >

  $ 3 (       $ 3 (  

1 > > C> > B ,9 02,9 ., A>= O BO ED D B> EDBDILN C@F>? > DE D D 0 CD CK C@F>> E > > C>O >B N > KG> AO =C G C> C@F>> 1 > E > > = AL =C
$09 1( G C>N E > D C> O AO O AD ALCKB KG> AO =C G C>O C@F>? $09   < 1 1 <( > DD CCD =C G C>OB   E > D
1 1 > E > > C> AD ALCD E > > E B CCD? C KG> A CCD 1 C@
$090 , 0/ 1( F>O = < CCD D E > > C>O E > > E B C
$090 , 0/   < 1 1 <( CKB   C KG> A CCK =C G C>O 1 1 = < CCD E > >
C> BD >B M > C@F>> DA ED D CD > E > B E >B K C AD DB C@F>> $09 D 1 1( O AO O DE D
/ >   E > CK KG> A C>O EDBDILN C@F>> $09 1( > DE

X X X X

1

*= >   > CD G D E > D C> E B CCD? =C G C>O 1 EDBDILN F>> > DE D > C >GCK / >   ED@ = C E >B E > D C>O =C G C>? C@F>? DD CD E B CCKB   

C@
C

>

 

1 > D C> E > DE D

B CCD? EDBDILN E > > C>O

C@F>>

>

 

1 > D C> =C G C>?

C@F>? DALHDB G> A E

B CCK

*= >   > CD G D C@F>O $09 K A H C> == <@> = < ED A C < >O @DB >C F>> @A >H $ 19 3907 1DA G> L D ALCD =C G
C>O E B CCK    BD<CD E DF AN K KG> A C>? BD >B E L C@F>> = < CCD D E > > C>O C AD DB C@F>> = < CCD D E > > C>O $090 , 0/ 1( O AO O DE D 1 9 > C@F>O > DE D KG> AON =C G C> 1 E > > N D CD H C> E > C < >> @DB >C F>> @A >H $ 19 3907 C M@ C C K N DAL@D

,9 02,9 .,

E > E > D I C>> @ EDA G B = AL C> 9 > E DF K D DHD > CK C >  

> C>O =

< CCD E >

>

>

 

1 DF

K=

< CCD D E >

>

C>O

0 A>G>O DE D D E > > C>O  >   ED@ < B C E >B / >   E > CK KG> A C>O =C G C>? $ 3 E >  > B> E > > C>O



D D>B> >

>

 

KG> A C>O

BO >

B> E >

>

C>O

*= >   > CD G D E > > EDAL=D C>> DE D  @D KG> A CCK =C G C>O C@F>> E > > N O E B CCD? C B A CCD C@F>O $ 3 C

KG> A C = AL DB KG> A C>O O AO O =C G C> C@F>> $ 3 @D D D KAD E > D CD E B CCD? C 1 > > EDAL=D C>> DE D = < CCD D E > > C>O   C@F>O $ 3 KG> A C @ E B CCD? C C KAD E > D CD =C G C> $ 3 1 B CCK D C>B > B < >B C B BD K L =CK B E D BBK 9 D E > D > @ @DC A>@ B H C> BD< D@ = L O DH> DGCKB 1DM DB > B ,9 02,9 ., E BD C D=BD<CD L CO >O E > D CCK =C G
C>? 9 D D I AO O EDBDILN C@F>>  0,7 ( >A> >B DA   / >   E > CK E DF K KG> A C>O $ 3 E >  >  > EDAL=D
C> B C@F>>  0,7 (

>

 

KG> A C>O

C@F>>

$ 3

> EDAL=D

C> B

C@F>>

 0,7

   K < C>O > E > KG> A C>O

=D

C>O

    C@F>> DE D K> >B DAK KG> A C>O K < C>?

1 > D B B >G @> K < C>? > KEDAC C>> KG> A C>? C <CD D
AN L A NI> E >A >C @ > X =C @ BCD< C>O BD<CD = B CO L E D ADB B C K ED
X AN O D CC O C@F>O C G>C O = A CD? @ K BIN O @ CK @D @ X @ AK @D @>   E >B CON O AO DE A C>O E >D > KG> A
C>? > K A C>O BD DO ALCK G ? K < C>O X @ CK @D @>  ( > EDAL= N O AO E B D C@F>? X > CK @D @>  < A < AO = E> > @ D D B >F > > C
CK > E> @D

,9 02,9 .,



1 > KG> A C>> K < C>? > EDAL= N O A NI> C@F>> DE D K >B DAK X  1( KG> AO > I CCD D = AL =C G C> C@F>> 1 X  1 3( KG> AO > I CCD D = AL =C G C> C@F>> 1 G> ADB F> CKB 3 X 1  KG> AO K < C> 1 G> A CCDB > X  ( KG> A C> G> A CCDB > C@F>> E H NI ? DE
F>> X  D= I = AL ED A C ? DE F>> X  D= I = AL E ED A C ? DE F>> X   D= I = AL DE F>> KEDAC CCD? D@ D DOI ? D @DCF C G> AD >B DAD  X 3 D= I = AL DE F>> D@ 3 1 >B > EDAL=D C>O E G> A CCK C@F>? DE D D > >B DAD E >
C C >   E > KG> A C>> C@F>>  4 ( 

>

 

KG> A C> DE

C@F>> EDBDILN D D > >B DAD

=A>GCK

C@F>?

A> = AL DB KG> A C>? O AON O I CCK G> A D E D BB BD< K L E> D@ D < I>? B C > > ED O D@ @ < D D G> A AO M D
I C
D E C =C G C C@F>O ,39 88, 543039 ( @ C E >B



CK G> A     )   )


 EDBDILN M D? D = N O @ D D =D CCK? >= B C > > @ D D G> A
,39 88, 543039     )   )
 <(  <  < 
<<

C@F>> E

   1D

CD @>

1D CD @> O AON O B B >G @>B EE DB KG> A C>O G> A CCK =C G C>O E B CCK 0C> ED= DAON A> D L H> D@DB >=B C C>> B C A G >B DALCK E B CCK ED= DAON D= L CD K B B >G @> K < C>O EDA G L > B ,9 02,9 ., ED CD @> D I AON O EDBDILN ,DB >C F>> M > >B DAD C@F>? > E B CCK >B N >
1 1 1 1 1
,
,
- < 1 <
, 1 <
  <

C@F>? E > C@F>> E > ED CD @> D B AK >B DA  

,

- <

CD D@ >B N A NI>? BK A X 1
, D I AO ED CD @ K < C> 1 =C G C>O , 1 > M DB A> O AO O G> A CCKB =C G C> B E B CCD? D D I
AO O C DAL@D ED CD @ CD @< KG> A C> K < C>O 1 CCKB > @DBEA @ CKB B C BD< K L G> ADB I D I AO ED CD @>
,
- < X1 K < C> 1 E B CCK , - 0 @A>@DB O AO O G> A C
CD =C G C> C@F>> A> E B CCK G> A > C@F>O A> D O K D C >= E B CCK O AO O >B DALCD? X 1 1 <
, D I AO ED CD @> D K
< C>O =C G C>O , 0 @A>@DB O AO O @ D G> A A> , G> AD > @ D B B >G @> K < C>? A> >B DALCD =C G C> E
B CCD? 1 <
,
- < ED
X 1 C@F>> > KG> A C> > =C G C>?
CD @> E B CCK , - D A> E B CCK G> A A> D C> C@F>> 1 X 1
  < 1 > B E >B K ED CD D@

K < C>O ED

,9 02,9 .,



1 >B
 

 

/ D D >BD D I < C>O 0E


  

> L ED
 

CD @>
48

BCD
 





,

-





A> L @< =C G C>  E >  , CCDB A G K < C>O ED CD D@

<

3


$ 3

>B L >

A>= F>O M > K < C>? E >

C C >  

>

 

= AL

H C>O E >B

 

*= >   > CD G D > B C DAL@D D I >A ED CD @ CCK K < C>O CD @< DE A>A > G> A CCK =C G C>O , D< A C>N DC C BD A E D > L K < C> $ 3 48 @D D D E > AN DB =C G C>> CD  G D >= CD < H@DALC>@
1 >B
 

/ D D >BD ED > L =C G C>O A NI> C@F>>


 

 3

>



@<
 3




,

D CD B CCD

$ 3 48 0
$ 3 48

 



CCDB A G


 

K < C>O ED

<

CD @>

>B L >

H C> E >

CD C >

 

>

 

H C> =

G> E >B

 

1 >B

 

BDILN D H C> E >B

  

KEDAC> L

     CCD? C@F>> %,- 0472 (

A> D C>

C@F>? H C> E
 

>L

$ 3

DB

E>
 A>FK ED

E>

CD C >

>

 

H C> E >B

 

,9 02,9 .,



   1

=D

C>  K

< C>?

1 > K D D B A EDA G C>> B B >G @> BD A ? E DF AN K >B DALCK KG> A C>? > A D AN E > D > O E D =D K L B B
>G @> K < C>O F ALN > E DI C>O EDC>B C>O >=>G @D? ICD > EDA G CCK K < C>? K D@D? C AO CD > 9 > E DF K @ @ E >AD C D B A>=D CK * KEDAC C> D C >= C > DA >C AA @ ALCK = G > B ,9 02,9 ., >B C @DAL@D O @D D CCK C@F>? E D
=D C>O > E DI C>O K < C>? E > C>O > @ < A BDB > 9 > C@
F>> ED= DAON KEDACO L A NI> DE F>> @ K > @D D@ E > C> @ D I B =C B C AN E > C> ED D CK GA CD D@ I C> C A> >G
@> K < C>? E DI C> > DCDB >G @> K < C>? > BCD D D *C AA @ ALCD L > BK @DBELN CD? A K D BCD DB = > > D G>
A @> C@F>? > @ G E D BB > > EDAL= NI> M DB BK A >
B ,9 02,9 ., D C >= C > DA >C AA @ ALCK > B @DBELN CD? A K BD >B A NI> D CD CK C@F>> >B DALCK E D =D C>? >
BK ,9 02,9 ., X $ 25 1 1( E DI K < C> 1 X : $ 25 1 1( E DI K < C> 1 >B NI D B D E
F> ALCK C@F>> X  5,3/ 1( @ K > H> O K < C> 1 AO K < C> 1 ED E COB X 4 0.9 1 ( E > DCDB >G @> K < C>O X %7  5,3/ 1( E D =D K X ,.947 1( @A K B B >G @> K < C>O C BCD<> A> , < O >= M > C@F>? >B C @DAL@D D B > > D E A C>O BD >B ED D CD M > C@F>> > E > B E >B K

1 0 CD CD C =C G C> C@F>> $ 25 1 1( E DI C> B B >G @> K < C>? 1 > M DB D C>G C>O C AD<CD L K < C>? >E C@F>? > E B CCK C> D N C@F>O E DI K < C>O E B E > C>O GA CD @ D I B =C B C
AN E DI C>O D< E > C>O ED D CK =AD< C>O EDA>CDBD C BCD<> A> > EDC>< C>O > E C> E B D@ I C>O E D =D C>O C@
F>? DB G> A > > DCDB >G @> CDAD >O E D =D C>O MA B C C > D D> A NI B  D C@F>> NI ? E D =D C>O E > D C> B ? C>@ ALCD D >B C> C E >B 1

C@F>O $ 25


 

D C@F>> $ 25 1 1( 1DA G C> H C>O E B C < >O @A >H H C>O $ 19 3907 C@F>N 1 BD<CD D ALCD C D > L A> DC C C <C AO ALC ?H> KG> A C>? 1 > B E >B K E DI C>O K < C>? EDBDILN C@F>> $ 25 1 1(
1 >B


/ D D >BD E D > L A NI> K < C>O


      $ 3 48 , ,
 

 



 



 

 , -
. - , - . ,.
, , -
. - .
        ,) 4 ,  
 

 

,
 ,
,

 

E DI C> K < C>? EDBDILN C@F>> $ 25 1 1( E > CD C > = AL K E DI C>O K < C>? E G AON D@ I C> D ? EDC>< C> E C> EDA>CDBD E D =D C> >B DALCK K < C>? E D =D C> C@F>? @D C EDACK? E G CL DE F>? KEDAC CCK C@F> ? K A @D C > > ALCK O A> C > C DAL@D $ 25 1 1( 0 DC BD K E D > L K < C>O E >B D @D? E C> @ @ M D EDA G CD C >

 

$ 25 1 9 C@F>O @ @ > E K I O E C =C G C AO E DI C>O K < C>? DAL@D E DI C>O DC KEDACO DA @ A> >F> D CCD G B C@F>O $ 25 1 1( @ DB D D DC BD< DE > D L E F> ALCKB> C@F>OB> 1D@ < B M D C E >B
 

C@F>O :

1 >B
$ 3

/ D D >BD E D > L A
48 ) )  $ 3 48 
48  48 ) ,

NI> K < C>O


$ 3 48

,9 02,9 .,

>

 

E DI C> K < C>? EDBDILN C@F>> $ 25 1 1(

>

 

E DI C> K < C>? EDBDILN

C@F>?

1D@ = L E >B I C@F>> : $ 25 1 KEDAC> E DI C> K < C>? BO ED D B> H C> = G> E > CD C > C@F> ? *= > > CK E >B I C@F>> : $ 25 1 E 1D A COO C BD A E D > L < @D K < C> @ @ $ 25 1
   

C@F>> $ 25 1 1( > : $ 25 1 1( E DI N K < C>O I CCKB> > @DBEA @ CKB> E B CCKB> / > E > CK E >B K E DI C>O @> K < C>?
 

$ 3 48

)

>

 

E DI C> K < C>? @DBEA @ CKB> E B CCKB>

X X X X X X

C@F>>  K < C>?

C@F>> 

KEDACON E D =D C>O > @ K >O > H> C>O C@F>? M > BCD D BD >B D CD CK >= C> @K @D @> E D>= C>? > D= D > K < C>O  5,3/ 1( F A N EDAD<> ALC N E CL @K @D @> E D>= C>? > D= D > K < C>O  5,3/ 1( F A N EDAD<> ALC N E CL AN DB B K < C>O 1 @K @D @> E D>= C>? > D= D > K  5,3/:207,947 1( < C>O F A N EDAD<> ALC N E CL G> A> A K < C>O 1 @K @D @> E D>= C>? > D= D >  5,3/0342 3,947 1( K < C>O F A N EDAD<> ALC N E CL =C B C A K < C>O 1 @K @D @> > D= D > F A N EDAD<> ALC N !4 07 5,3/ 1( E CL AD< CCK K < C>O C@F>> 1 @K @D @> E D>= C>? > D= D > K 425 0  5,3/ 1( < C>O F A N EDAD<> ALC N E CL G> O G D E B CCK K < C>O CCKB> 1 O AON O I
5,3/ 1(

5,3/

,9 02,9 .,

X 425 0  5,3/ 1

@K @D @> E D>= C>? >   <( D= D > K < C>O F A N EDAD<> ALC N E CL G> O G D E B CCK K < C>O 1 O AON O @DBEA @ CKB> AO E DI CCK K < C>O C@F>> 1 X :3.9 43 5,3/ 1( E D < I ? E F> ALCK C@F>> / > > E > CK E >B K H> C>O =CDD =CK K < C>? EDBDILN C@F>?  5,3/
   

>

 

@ K > K < C>? EDBDILN E

K G K

C@F>?  5,3/
   

C A>= = @ K L> C@F>>  XD I B CCK X E DI XD I G> A> > XD I XD I >


AL D E D =D C>? E > CCK C > > ED= DAO ICD L > L D=BD<CD > C@F>?  5,3/ 5,3/ ED= DAON AO L @ K > > H> C> K < C>? E > AN K > E I CCK > @DBEA @ CK G> A CCK > >B DALCK L K < C>O E DF @ K >O > H> C>O AO L @ K > > H> C> AN DB < A BDB B K < C>O AL =C B C AL B C MA B C CD? >A> E F> ALCD? C@F>>

AO L ? >O D E F> ALCKB> C@F>OB> AO L @ K > > H> C> C@F>? E I CCK >A> @DBEA @ CK E B CCK

AOO E B CCK

>

 

@ K > K < C>? EDBDILN ED A C> G K E> @ C@F>?  5,3/

C@F>O 4

C@F>O 4
4 0.9 1

0.9 0.9 E
(

E B CCD?

AO O A NI> > D I AO E > C> D I> GA CD

C@F>> 1 ED

,9 02,9 .,


AO E >

X 4

C@F>> 1 ED E B CCKB  ? >O C@F>> ED@ < B C A




0.9 1

 <(

D I

C> D I> GA CD

NI B E >B

1 >B

/ D D >BD D I

> LE >

C> ED D CK

NI> K < C>O

, )

, )  )
: 07 
, )
) $679 ) )
 )

 )  

<

H C> E >

CD C >

 

>
 

 

1>

C> ED D CK

EDBDILN C@F>> 4 0.9

*= > > CD G D E D BB C E > A ED D CK C>> DC A>HL D ED D >A

ED A C B K <

0 CD CD C =C G C> C@F>? ,.947 1( =AD< C> C@F>> 1 C BCD<> A> 9 > C@F>> @< ED= DAON D I AO L DE F>> KCD = @D @> E > C>O @ D I B =C B C AN > C @D D K > ? >O @D D K > >B E > H C>> E >B D ( @> D C>? C C@F>N 1 > B C K C C @A K O 0C BD < K L EDA>CDBDB C D C>G CCD? E C> > DCDB >G @D? C@F> ?

C@F>> ,.947



BD< >B L DB D MA B C CK > E F> ALCK C@F>> B C B> BD KL I CCK > @DBEA @ CK G> A @< >B DALCK E B CCK > B >B DALHD G> AD D CCK C@F>? ,.947 1( > DEF>? @ C>B A E > CK D CD CK >= C> X ,.947 1( =AD< C> C@F>> 1 C E D K BCD<> A> X ,.947 89 1( D= I E G CL BCD<> A ? > G> AD E C ? @ < D D >= C> C E >B  <
 <  < , << G D D= C G 1
   , X ,.947%0728 1( KCD > = @D @> D I>? BCD<> AL D < I>? O
,9 02,9 .,

X ,.947%0728 89 1( E AOO C@F>N X ,.947 390 07 3(

K AO D I>? BCD<> AL D < I>? O >CDB > ED C C>N E K I ? D= I E D K BCD<> A> F AD D G> A 3

>

 

1 >B K E >B C C>O C@F>? ,.947 1(

,9 02,9 .,



=AD< C> > DCDB >G @D? C@F>> %7


 %7:0( C E D K BCD<> A> / > E > CK E >B K E >B C C>O E G> A CCK C@F>? *= > C@ > CD G D C E AD< CCK C@F>> O @ D >=D L @ C E >B E D BB C BD A =AD<> L C@F>N 1, ,
 C BCD<> A> D O H C> D DGCD E D D > >B >
 

X ,.947 1

 

 

 

 

0 >B @< C>B C> C D G D C@F>O ,.947 1( KEDACO =AD< C> C BCD<> A> > DCDB >G @> K < C>? AO M D D DAL@D C <CD E >B C> L DEF>N %7 J %7:0

1 D =D C> > DCDB >G @> K < C>? E DI C> @K>


H> C> BD< D I AO L O EDBDILN C@F>? $ 25 1 >  5,3/ 0 C @D >B N B D A G > @D M > C@F>> C BD KEDAC> L E D =D
C>O > D= I N > D CD K < C> @> A G O EDA =CD > EDAL=D
L E F> ALCK C@F>> E D =D C>O > DCDB >G @> K < C>? > B ,9 02,9 ., >B DALHD G> AD C@F>? E DI C>O K < C>? D < I> > DCDB >G @> C@F>> 1 > B D CD CK >= C> X %7 #0/:.0 1( E DI K < C> D < I > DCDB >G @> C@F>> X %7  5,3/ 1( D I AO H> C> > DCDB >G @> C@
F>? @A K C BCD<> A> > DCDB >G @D K
X %7 ,.947 1( < C> AO > DCDB >G @D K < C> M@ EDC C
X %7 %4 5 1( E F> ALCD? D B AO M@ EDC CF> ALCD K < C> > DCD
X  5%4%7 1( E B >G @D? D B 1 >B K E D =D C>O > DCDB >G @> K < C>? EDBDILN M > C@F>? E > CK C >   / B> DE> CK D CD CK C@F>> E DI C>O H> C>O =AD< C>O K
< C>? C BCD<> A> > B ,9 02,9 ., >B D@DAD EO > O > > C@F>? D K K < C>OB> 9 > C@F>> E > E @ >G @> >C< C CK G DALHD D =C G C>O C >B N * >= G C> EDC D > O DAL@D D
ALCKB @>B EDAL=D AOB AO H> D@D D @ EDAL=D A ? B DA AO C D DC> O A> C <CK EDM DB C B> DC> C >= G N O C AL=O D JO L C D JO CD

C@F>> E D

=D C>O > DCDB >G @> K < C>?



>

 

1 >B K E D =D C>O K < C>? EDBDILN > DCDB >G @> C@F>?

A   E > CK K < C>O NI> E D =D C>O 0C> C > B


>=> D CK ED E >=C @ E DI C>O H> C>O =AD< C>O 1DAL=D AL DA< C BD DO ALCD K L C@F>N E D =D C>O D D CD C O =
G EDA G> L D D E NI>? E > CCKB / A D D G L O A> D K C D E N .D< D@ = L O G D C
@DAL@D D CCK C@F>? ED D CK E D =D L K < C> CD D K EDA G N O =CK 0 K @< BD C D E L EDA G CCKB> ED
BDILN >CK > B @DBELN CD? A K M D D JO CO O B G D BCD > E DF K E DI C>O B B >@ C D B A>=D CK 9 D E DF C DAL@D >C AA @ A C G D DE @ BCD<
D D D / <CD DAL@D ED@ = L G D = AL E D =D C>O O AO O CKB E B G> AL

   1 >B

KC E

=D

C>  K

< C>?

A>F
  ) C>O


.48  8 3 

G>

K < C>


 


.48 

 .48 

.48  8 3
8 3 



5
, ,-



,9 02,9 .,

 .48 
0

,-


, -
,


  .48 

 .48 

 .48

.48

83

  8 3

4 ,

 83 83

 
8 3

8 3 
8 3 

8 3
 8 3 

 8 3 
 8 3



 3

,7.8 3





A>F
  D@DCG C>

=
   83 .48   

G>

 
  

K < C>

 





 

b0

,7.8 3
,7.8 3 83 83  8 33  




b 0






 



,7.8 3



8 3  

.48  



.48 3





.48

83

,

5

 

,

,
 , 

,7.8 3

,7..48

  .48

 0
8 3

0

 .48



  .48

.48 

.48 

.48   




,9 02,9 .,

   1D KH C>  DGCD

> KG> A C>?

0 C>B >= ED D D ED KH C>O DGCD > KG> A C>? O AO O E A C> K D@D? DGCD LN I CCK G> A > F>DC ALCK ED A NI>B> > B >G @>B> ? >OB> DAL@D C F>DC ALCKB> G> A B> 1 D =D C> G> A F>DC ALCK G> A D I AO O EDBDILN A
NI> C@F>? X #,9 43, 0 ( G> AD E D = O F>DC ALCD X #,9 43, 0 / ( G> AD E D = O F>DC ALCD . = CCD? DGCD LN / 1 > B E >B K E D =D C>O I CCK G> A F>DC ALCK
1 >B
 

/ D D >BD E D C ALC N D B CCDB A G >B L > A

=D L A NI> G> A


K < C>O > C@F> ? #,9


  43,

C@F>>
0 (

F>D
@D D O

      

D EDAL=D L O

  3 

,   48 %,3

#,9 43, 0       


 ,   48  ( %,3 (<(

(

H C> E > CD C >   *= >   > CD G D C@F>O #,9 43, 0 ( C DAL@D E D =D A I CCK G> A F>DC ALC N D B CD @< KG> A>A K < C>O > C@F>> E > > D B F>DC ALCK G> A 0C C BD A KG> A> L A CD I CCD? D B DAL@D %,3 @ G> AD  C E EDBDILN C@F>>  ( EDA G CD H C> E A C> B G> A I
CCD? D B

>

 

1 D

=D C> G> A K < C>?

C@F>?

F>DC ALC N D B

_
 

1 >B

/ D D >BD KG> A> L > E > L = AL K F>DC ALCD? D B K


< C>O 3  
48  . DGCD LN      C> L EDA G C
CK = AL K H C> = G> E > CD C >  

>

 

H C> = G> E >B

>

 

A C> ED DOCCK

>

F>DC ALCK G> A

1 >B

 
0

/ D D >BD E >L > F>DC ALCK G> A @DC C K 5 , A C H C> EDA G> L DGCD LN     

9?A

,9 02,9 .,

#,9 43,

CCDB A G

0  !

C@F>O #,9

>B L > 43, 0  : 07 ,22, ,9, ,3<(  )


3(

H C> E > CD C >   DALH> D=BD<CD > > BK ,9 02,9 ., ED E D =D C>N B B >G
@> K < C>? D CD >= I CCK E >B I E >B> >
B B> @DBELN CD? A K 9 > D=BD<CD > ED= DAON E DI L K <
C>O K D > L D B AK D@ =K L D BK 

_ \^\

>=

A>= F>O KG> A C>?


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



,9 02,9 ., ,9 02,9 ., ,9 02,9 .,

 (

  

C O

>@ 

    >G @ O C@F>O! 49 >G @ O C@F>O ! 49 ED= DAO D> L >@> C@F>>  1 B CDB E D C E OBD DALCD? > B @DD >C / D CDB > @ D=BD<CD >=D < C> C @DAL@> C@F>? 1D BDAG C>N C M@ C K D > O @DD >C C O @ AO O A NI> > D CC O C@F>O ! 49 E

! 49 1 23 2, <( ! 49 1 1 <

23

2,

<(

1>

X1 X1 X X

2 3

C@F>O >@ @D D D? D> O O C@F>O >@ @D D D? D> O B C C@F>> 1 >C A >=B C C>O BC 2, B E >B K ED D C>O >@D EDBDILN

  

C@F>> !

49

1 >B


 

/ D D >BD E D CCDB A G
! 49

>L C@F>O !

>

>@

C@F>N AO O A

 0

> E =DC

 5
(

49 E <(

NI B >

A>= F>O

C@F>> E >

C C >

 

1 >B

 

/ D D >BD ED C@F>>


D> L C D CDB
 0

>@


> E =DC


D


 

NI>



 


 0

! 49

CCDB A G

C@F>O ! 49 E AO O  5
(   ) 
  5 (<
 

 <(

NI B >

A>= F>O E > C C > B CO >@ E >B C C> B C@F>> ! 49 < DB E D DB > @ @DB DC E A C E >B B> BD< H> D@D > EDAL=D L O E > @DB

 ELN CK CDAD >O @DC@ CK E >B


_ H C>O B B >G @> =


<(

G 1D@ < B M D C

! 49

 5
(

       
>
! 49
 


>G @D E


A C>


C@F>>
0

 5
(   ) 
  5 (<

 <(

     
>
 


D C>


B?

 

 
>@

1D

C@F>? C D CDB

0E

DALH>C D C A>C ?CK > C F C C CK C C>? H O DAL@D E >


A>< CCKB> G> A CCKB> B D B> AO M D D C D D >BD =C L G> AD @D C ?

A C> D A

> >=DAOF>> @D CO

C C>O > D A > > >=DAOF>> / >A GH>B ED D DB H C>O M D? = G> O AO O D C A> >G @>? @D ED > >@ C D O O G> AD @D C ? > D A > > >=DAOF>>

1 >B

 

/ D D >BD DE >D A 1

A> L G> AD




CCK @D C ?


C C>O

3 



> > >=DAOF>>



>B C@F>N 3 
 CCDB A G >B L > A>= F>O ED@ = C C
1
  4 
 ( ! 49 1
 <(

>

>@

C@F>O ! 49

! 49 4 
 ( )


 <(

>

 

 




>
 





>@

C@F>> 3 


*= E

>@ >   > CD G D C C> >B > I CCK @D CO > G C>O D LN F> 1 > M DB D A OB> > >=DAOF>> BD KL        *= >@ @< > CD G D C@F>O >B >D D K DG@> B>C>B B B @ >B B > DG@ E > @DD >C K @D D K BD<CD E >
A>< CCD DE A> L E L C CD H> L C C> G> A CCKB> B D
B> ED D CD >=AD< CCKB> A

1D

1 D @ D D CD > H C>O = G> EDBDILN >G @> D =D D I AO O E B C C>O >@D C@F>? > >CCD? > EDA G CCD? = AL KG> A C>? 1 > B >E>GCK? AO M D D A G O E >B

@ D D

CD > H C>O =

G>

1 >B

 

C@F>O =AD< C>O 0 ? E C>  )  AO @D D D D @D =AD< H>B = G EDBDILN 0 C D CDB >@ > E
! 49 E >  ! 49

C> DE >BD >= A>= F>> KG> A C>? 1 >B C@F>> B> C C>O CD >B > @DBK? > E =DC
)  )  > 0

)  / D D >BD

?AD

D@

> EDA>CDB L
 >B CD > L > E =DC =C G C>? >

>@>

C@F>?  CK C >

EDA G CCK

EDBDILN

C@F>>

 

)  )  ) < <(

             
>
 


>@>


C@F>? 


) 


)  > 0



*=

>@D > CD G D =AD< C> ED@ = ALCD? C@F>> O ?AD L? E C> DE >BD > E =DC D D  D DB ED HCD L C@F>> I CCD D= > @D =AD< C> C DE >BD / D
D >BD A>G> L E CL EDA>CDB

^
BD CC O KH D CC O C>N 1DAL=D AO G D @> G>C B EAD D K CK B H K

0EF>>

C@F>> ! 49

C@F>O ! 49 > EDAL= DEF>> ED BDAG


>@> C > N ED A NI>B E >

X XD X XD

N D D=C G C>O D ? A G O >BO C@F>? @ > K C D A>G N O >A B >@


AO D= C>O >@ < A BD D > DEF>> BD<CD EDA G> L A> K 0EF>> C@F>> ! 49 = N O A
>BO DEF>>
 =C G C> DEF>>

> EDAL= N O DEF>> C@F>> ! 49 > > E> D@ @DB C D? 59 438 ! 49( NI B >

)C G C> DEF>> BD< K L G> A CCKB >A> >B DALCKB BD >B DEF>> @D D K G D C D D >BK E > >= A>= F>> KG> A C>? @>B> O AON O A NI> DEF>> CD A C> B H ED D OB DE A C> >B C> D ? DE A C> >B C> >@ K D >AO >@ AO M > F A ? > EDAL= N O A NI> DEF>>

X X X X
!  ! 

49#,3 0
 2 3 2, < 08 ,-0
 %  % < 49 ,-0
 % 08
 430

CCK DEF>O E >CO K A NI> D D=C G C>O B>C>B ALCD > B @ >B ALCD =C G C>O C@F>> ED D > 2 3 2, C E> > ED D OB > % % @ >B C> >@ % 0EF>> >B N A NI>? BK A C A> B H ED D > D 2 3 ! 49#,3 0
 2 3 2, < D 2, . DB >G @>B K D DB H C A> C E> > D < C>O % > %  08 ,-0
 %  % < ED D OB >

X X X X X

E >

_
%


@DB

C>G D< D > >@ C@F>O ! 49 BD< >B L D CD B CCD C @DAL@D DEF>? D D = EO D? 1D@ < B C E >B @@ E AO O DEF>OB> ! 49 1  < ! 49#,3 0

 <( ED D C> F>> 1 > E =DC D  D  > B H ED D > D  D 

X ! 49 ,-0
 O=K@ X  08
 430 X X ! 49 1 X ! 49 1
ED 1 >

C = C>O

>@

DB G> A > C

AO BK C@F>O ! 49 >@ D C@
>B
(

<(

ED D C> >@  D  C E> OB> >


< ! 49 ,-0 >@ C@F>> 

<

! 49 ,-0



C@F>> 1 > E =DC ED D OB

<

 08 ,-0
  

D C>

83

 

>@ C@F>> D C = C> B

8 3

B E >B K > EDAL=D C>O


 

C@F>> ! 49 DEF>OB>

1 >B

. H >@ ED D > C@F>> >=D < CCD? C > K CC G CD C <C O G L >@ = C>B DAL@D C DALH N G L > C@ AO DALH D K A C>O B CLH>B > E =DC D 2 3
 D 2,   > =>B > E =DC D D >B @< >BO > C@  >@ C@F>> 4 
>@ C@F>O ! 49 >B L >  )
 1 > @DB > ! 49 1
 < ! 49#,3 0

 < ! 49 ,-0
  >@ C@F>> 3 
 
(

 

 

A>= F>O

C@F>> ED@ = C C

>

 

1 >B

 

/ D D >BD ED

D> L

>@
1

C@F>>

> E =DC

CCDB A G C@F>O ! 49 >B L > ! 49 1 <  08 ,-0


    < ! 49 ,-0
  >@ C@F>> = K DB C E K CD >( H C> = G> E > CD C > 1 > B I D >C E >B ED D C>O B ? 9 > >@> C B C D D >BK E > K D

D


0

>B C B

>@ > D D=C G C> B D ? @DD >C

 

>

C@F>? C D CDB >@ C@F>> >C EDAOF>>

^
1 4 
 ( )
  4 
 (
 ! 49 1
 < ! 49#,3 0

 < ! 49 ,-0
 4 
 )
(

>@

C@F>>

>@

C@F>> 4 
  

)







>
 

 

>@

C@F>> E >B

 

1 >B

/ D D >BD E

X E CC N  , E B B> ,  -   
 X ED@ = ALC N  ,- E B B> ,   -     X AD > B>G @ N  , - 3 E B B> ,   -     X D CD
A>C ?C N  , - E B B> ,   -    
-

> L

>

>@D

NI>

C@F>>

X ! 49

CCDB A G F A DD =CD > EDAL=D L C@F>N ! 49 AO ED D C>O C D CDB >@ BCD< D CDD =CK C@F>? =A>GCKB> E B B> >B L > C@F>> ! 49 C H B E >B

  

) <

)  )
 < ! 49 ,-0
 >@

< E CCD?

 08 ,-0
 C@F>> , -(

X ! 49 X ! 49 X ! 49

 )  )  ) <
    < ! 49 ,-0
 C@F>> , - (

<  08 ,-0 >@ ED@ = ALCD? (<  < > B>G

  4 (   4 (   4  08 ,-0
    < ! 49 ,-0
 C@F>> , - 3 (      
    < ! 49 ,-0
 >@ C@F>>  , (

>@ AD

@D?

< <  08 ,-0 D CD


A>C ?CD?

H C>O E >B

E >

CD C

>

  

1)
 )


! 49 1 <  08 ,-0
    = K DB C E K CD >

< ! 49 ,-0


>@

C@F>>

>@  

C@F>>

= K DB C E

K CD

>




>
>@

 

C@F>>

= K DB C E

K CD >

^
! 49 ) )  )
 < <  08 ,-0
    < ! 49 ,-0
  >@ E CCD? C@F>> , )-(

>@      
>


E CCD?

C@F>> , )-

 
>@


E CCD?

 
C@F>>

! 49  )  )  ) < <  08 ,-0


    ! 49 ,-0
 >@ ED@ = ALCD? C@F>> ,-) (

<

     
>

>@ ED@ =

ALCD?

C@F>> ,-)





ALCD?


C@F>>

>@ ED@ =


! 49   4 (   4 (   4    < ! 49 ,-0
 >@ AD (<  <  08 ,-0
 > B>G @D? C@F>>(

>@ AD 

> B>G @D?

C@F>>

   
>



>@ AD > B>G @D?


C@F>>

! 49          < ! 49 ,-0
 >@  , - (

< <  08 ,-0


 D CD
A>C ?CD? C@F>>

>@       
>
 

D CD
A>C ?CD?

C@F>>  , -


>@


D CD
A>C ?CD?


C@F>>

^
   1D D C>  DG GCD D


>@ 

A C> >@ > DG @ >B <CD E @ >G @D =C G C> E > H C>> = G> >C EDAOF>> A>= BD? F ALN EDA G C>O B B >G @D? BD A> >= G BD D D J @ >A> O A C>O >@ ED= DAO K L > C@ F>> >C EDAOF>> > B >B N O A NI> C@F>> ED D C>O DG GCD D >@
,9 02,9 .,

89! 49 89! 49

 

<(


<

< <(

C@F>O E >CO K A NI> D D=C G C>O =C G C> C@F>> =C G C> BC C@F>> / =C G C> DG GCK C@F>? X 89! 49   <( K DG@> D D 3 H DB 3

X X X

C@F>> K

E > =C G C>O C@F>> =

 

CCK @DD >C B>     1 > B E >B ED D C>O DG GCD D


1 >B


89! 49

<

< <(

DG@>

>@

= AL

B> M@ E >B C O AON O CCK E >


A>F
      

CCK

 

  9@

E >B C ALCK
    

CCK
  

 



 



/ D D >BD ED D> L DG GCK?


89! 49

>@ EDAL= O L >L >

D CCD?
  <

C@F> ?

CCDB A G C@F>O

C@F>N
89! 49

BD<CD E >B L >

A NI ? B >FK

1   <    <  <   <  <   <   <   <<

89! 49 1  08 ,-0
   

< ! 49$9 0
!4 39$ 0 ((


! 49$9 0

C@F>O >B

DEF>> D D=C G C> D ? CD C >


 

 08 ,-0

>

=B

DG @

H C> = G> E >

1   <    <  <   <   <  <    <   <   <<   <    <  <   <   <  <   <   <   << 89! 49 1  08 ,-0
    < ! 49$9 0
 !4 39$ 0 ((

      
>


 

 



 

1D D C> DG GCD D

>@

DG GC O >= A>= F>O ED= DAO D I AO L E D @ E >ALCD > H


C>O = G> >C EDAOF>> ICD L M D D ED D D D> A NI B = AL DB M@ E >B C @ @ E >AD O AO O C@F>O E A CC O A>GCD? D B 1D CCKB A>FK E B >C EDAOF>> DE AO O B
B >G @ O BD AL >= G BD D D J @ E AONI O D D? B B >G @D K < C> >E D B AK 1 D >L @ CD L BD A> BD<CD E B >= A>= F>> CCK M@ E >
B C > B B >G @D? BD A> A> >@> M > C@F>? D E N D BD<CD K L CCKB D D CD > B B >G @D? BD A> @@ @ >@> > B ,9 02,9 ., O AON O D J @ B> D C C>B> BD<CD E D>= D > L B B >G @> ? >O DB G> A > D J >CO L D >C >@ C@F>> E AO L C D CDB >@

^
7(


7

>@D BD<CD D I AO L EDBDILN C@F>> $ 4 7 >@ DG GCK? EDA G CCK? ED CCKB A>FK 7 >@ C@F>> >C EDAOF>> B B >G @D? BD A> 1 > B E >B E D @> @ CD > BD A> E B >= A>= F>> H C>?

0 J >C C>

1 >B
) 

1 L = AL M@ E >B C EDA G C >C EDAOF>> B B >G @ O BD AL

C@F>O > A

> A   E B NI ? D B AK  

A>F
     

  9@ E >B C ALCK
     

CCK D J @ BD A> D C>O


         

/ D D >BD E D > L D D CD L BD A> ED D> > D J >C> C@F>? > D C N DG GC N > B B >G @ N BD AL D EDAL= B O AO M D? F A> C@F>OB> 89! 49 ! 49 > $ 4 9 > AO C H D E >B >B N >
1   < <    < 7  89! 49 7 ! 49   $ 4 7 7 !

>@> C@F>>

   <   <   <   <   <    << 1  08 ,-0


    < ! 49$9 0
 !4 39$ 0 (( )   <( 49#,3 0
  <(

1D D C> >@D EDBDILN M > C@F>? ED@ = CD C >   *= >   > CD G D @ > O B B >G @D? BD A> D DHD D A O M@ E >B C ALCKB> CCKB> > BD< K L BD ALN >= G BD D O A C>O ,DBELN CK CDAD >> >C EDAOF>> ED D CD BD CK A  > B ,9 02,9 ., ED= DAO D> L DG GCK >@> BCD< D J@D AO M D? F A> >B N O D CCK C@F>> ED E @ : 9 5 0 89! 49 K=K BD D C@F> ? 7,5 .8+: 9 5 0 89! 49+ 1D E @ : 9 5 0 89! 49 D <> BCD D =A>GCK C@F>? D C >= @D D K >B A NI>? >
: 9 5 0 89! 49
 

>FK >A>

E> @> @D D K BD KLE > A> BD? C@F>>

A CK

>

@D

>A>

_
1   <    <   <   <   <   <  <    <   <<   <    <   <   <   <   <  <    <   << 7  89! 49 1  08 ,-0
    < ! 49$9 0
 !4 39$ 0 ( 7 ! 49   )   <( $ 4 7 7 ! 49#,3 0
  <(

          
>

 

0 J >C C>

>@D

1 > B E >B ED D C>O BCD< C>> CCK


1 >B
 

>@D E > =A>GCDB E

1
 

> L C D CDB
         <  <  5 (< 

>@ A NI>
< <   <  <(
 

> C@F>>
 < < <  <<

%,- 0

: 9 5 0 89! 49

CCDB A G

C@F>O :


9 5 0 (

89! 49

>B L >

H C> E >B

E>

CD C >

 

^
7,5 .8+: 9 5 0 89! 49+        <   <  <  <   <  < %,- 0  5 (<  <( : 9 5 0 89! 49   (

<

<

 <<

      
>
 

>@ BCD<

DJ@D

*= >   > CD G D >@> K CK > B AK =A>GCK > D@ ED= DAONI> =A>G L > D CK D J @ K C@F>> C@F>O : 9 5 0 89! 49 >B DEF>N ! 49 4 30/ @D D O ED= DAO D
>CO L DG@> >@ A>C>OB> 0EF>O >B >
! 49 4 30/
  , 80 %7:0

>A> , C C <CD
 

80 %7:0

D=C G

G D DG@> C <CD D >CO L A>C>OB>

1 >B

/ D D >BD >=D => L DG GCK >@> E >B   D >C> A>C>OB> D J @ K   C@F>N  D > L E <C B > CCDB A G C@F>O : 9 5 0 89! 49 >B L >
: 9 5 0 89! 49    ! 49 4 30/
 %7:0 %7:0 , 80<(
 

H C> E >B

A CD C >


: 9 5 0 89! 49    ! 49 4 30/
 %7:0 %7:0 , 80<(

      
>
 

>@> C@F>? ED D CCK EDBDILN DEF>> ! 49 4 30/




    K D 

>AO

>@ 

/ D D >BK? >AL

>@ BD<CD D DAO K LF

=D L EDBDILN DEF>? > > @ > A>C>? > > DAI>C 0C >B

0EF>O ! 49$9 0
0EF>O ! NI>
49$9

>CK

0 ED=

! 49$9 0
 ! 49$9 0


:0 .( :0 .( < 7, 0;0 ( 7,: 0;0

( <

X X

 

 

,D K >
1 >B

@D K F A>C>? DD @D K DAI>CK A>C>? DD K > N O >= > E =DC


NI> C@F>? NI> C@F>?




 

/ D D >BD E > L C@F>>   0


   > =DC D D ->C>> >@ DA<CK D A>G L O DAI>CD?


>@

>E

^
 ! 49 0
< 7, 0;0 (<(

CCDB A G

C@F>O !

> 49 >B < ! 49$9 0



 

7, 0;0 (

H C> E >

CD C >

! 49  5 ( )< < ! 49$9 0


 7, 0;0 ( 7, 0;0 (<(

    
>
 


H C> E >B


 

DAI>C A>C>? C@F>? 0


>  C > EAD D =A>G>B / M@ C BDC> D DC D DHD > C >AL >@ BD<CD CD > L EDBDILN > @ > @D D K ED= DAON D B> D L A>C>> =CK D B > B >B A NI> > @ > K DEF>> ! 49$9 0
 

,8 3 7 7 <( -84 :90,8 3 / / <( !4 39$ 0 /( -84 :90!4 39$ 0 /( % . 3088 ( -84 :90% . 3088 (

L A NI> >A> >@ C A> A>G>C ED A NI> F>@A> X ,8 3 7 7 <( G @> ED D O BK E C@ > D E C@ > CD? A>C>> =C G C> A>CK 7 = O DAO H> >CK A>C>> >@ C A> A>G>C ED A N X -84 :90,8 3 / / <( I> F>@A>G @> ED D O BK H > D E C@ > CD? A>C>> =C G C> A>CK O E>@ A / = >@ > @ <@D > B DB / >=B O BK X !4 39$ 0 /( = DAO D I ? H> >CK >@ >@ > @ <@D > B DB / X -84 :90!4 39$ 0 /( = >=B O BK E>@ A C A> DAI>C 7 A>C>? >@ @ @ DAN D X % . 3088 7( EDACD? H> >CK C A> DAI>C 7 A>C>? >@ E>@ X -84 :90% . 3088 7( A 1 > B E >B K ED D C>O >@D > EDAL=D C> B C@F>> ! 49$9 0 > @ > B>

> @ > K ED= DAON K

1 >B

 

/ D D >BD ED D> L


=A>GCK

3 

>AO


>@> C@F>?




> EDAL= O > @ > K C@F>> ! 49$9 0 A A>=D L A ? E C@ > CK A>C>> > >@> A>C>OB> =A>GCD? DAI>CK AG >@D > E C@ > CK A>C>? C@F>N ! 49 E AO A G O E >L > A C>O >@D =CD? DAI>CD? A>C>?

> >L >

>

! 49 4 
 ( )
   ) <
 < ! 49$9 0
 -84 :90,8 3  ( -84 :90,8 3   (<(

C@F>N !

49

! 49 4 
 ( )
   ) < % . 3088 ( % . 3088 (<(

 < ! 49$9 0

   

>@> C@F>? AO M > A G E > CK C > > 0EF>> > > @ > K ED= DAON D= L A>C>> =A>GCD D > G D D= BD<CD L EDBDILN D CD? C@F>> EDA G L >@> DALH>B G> ADB C@F>? =A>GCD D >AO

^
! 49 4 
 ( )
   ) <
 < ! 49$9 0
 -84 :90,8 3  <( -84 :90,8 3   <(<(

   

  





>

 

A C>

C@F>?

>

E C@ > CK A>C>?

! 49 4 
 ( )
    ) <
 < ! 49$9 0
 % . 3088 ( % . 3088 (<(

   





>
1 A C> C@F>? > A>C>? =CD? DAI>CK





 

_
 
 

1 >B

/ D D >BD ED D> L C D CDB >@ > E =DC D D >@> C@F>?   D >AOB> =CD D >  
  / > E A CK >@> C@F>? D >AOB> E C@ > CK A>C>> = >A ? A>C>> =CD? DAI>CK

8 3 3     8 3 3  

! 49 $ 3 ( 4 (
  <   < ! 49$9 0
 -84 :90,8 3  <( 430 % . 3088 (<(

    


>
 







 

>@>

=CKB>

>AOB>

   0 D=C G C> @ > K C  BCD<  C@F>?


DEF>? 0C> C D O O I N O @ 7,5 .8+ 0 03/+

>@ 
O

0 D=C G C> @ > K EDA >@ I CCD ED KH C AO CD L >G @D D E A C>O C@F>? AO M D D > B ,9 02,9 ., >B

ED E @

0 03/ E @

7,5

.8 @ @D D DB D

ED E @ >B O A NI O DEF>O D D=C G C>O @ > K ! 49 0 03/


 % % <
% %

D@> D D=C G NI>

C@F>>

AO E >B C C>O M D? DEF>> C D D >BD G D K @ > K C@F>?   G A> L B < D D? 9 D BD<CD D I > L EDBDILN DEF>? >A ? 1 > B E >B

D A>


 

1 >B
1

L C D D >BD C D CDB > C@ E C@F>>   > E =DC   @ > K KEDAC> L > B B >G @> G L O >AOB>

83

> L > >@D A NI> D D  0 D=C G C>O  K < C>? , > K DA<CK D A>

>B L > C H B A G C@F>O ! 49 ! 49 $ 3 ( 4 (<   <  08 ,-0


    < ! 49$9 0
 -84 :90,8 3  <( % . 3088 (< ! 49 0 03/
 $ 3   3 <( = AL K H C>O E > CK C >

 

7,5 .8+ 0 03/+ ! 49 $ 3 ( 4 (<   <  08 ,-0


    < ! 49$9 0
 -84 :90,8 3  <( % . 3088 (< ! 49 0 03/
 $ 3   3 <(


     $ 3  
 
 3 
>





  

 

0 D=C G C> @ > K B B >G @>B> C@F>OB>

*= > > CD G D C@F>O ! 49 CD >A >BO D ? E >A C@ F>> > =A>GCK >A ? > D D=C G>A @ > K B B >G @>B> C@F>O B> E L O CD @ @D? C@F>> E >C A <> CC O @ > O

 

O BCD D > DEF>? D D=C G C>O @ > K 0C> ED E @ 0 03/ >B ED= DAON = LF > D B A C K C A> L C <CDB B 9 D @ H > CD@ CD C B CO D D < C>O C>B> BD<CD ED=C @D B> L O >A> E DGCD? > B B CN 0 5

 (


    >@> E F> ALCK  >ED 
= A B > N O >@> A NI> >ED > B>G @DB B H B @DD >C CCDB AD

X X X

EDAO CD? >

> > D BB C@F>> ED= DAONI> D> L >@> E F> ALCK E @ > 7,5 .8 D I C> @ @D D DB >B 7,5 .8+ 7,5 .8+

>ED C D O O

ED

1D
1D A

D C>
D C> NI> >@D C@F>?

>@D
AD

AD

> B>G @DB B H


D I AO O EDBDILN

> B>G @DB B H

4 ! 49 1 23 2, <( 4 30,7! 49 1 23 2, <( 4 4 ! 49 1 23 2, <( 4 89! 49 1  <  < <( 4 30,7 89! 49 1  <  < <( 4 4 89! 49 1 < < <(    

X1 X X X X X X

C@F>O E >CO K A C@F>O


2 3 2,

NI> D D=C G C>O O B C C@F>> 1 CCD? > B >FK A>FK

>@ @D D D? D=

> E =DC >=B C C>O @DD >C K DG@> C@F>?

/ =C G C>

  

C@F>> 1 =

C@F>O 4 ! 49 1 D= 2 3 2, <( > B>G @>? >@ C@F>> 1 > E =DC D 2 3 D B>G @>? B H AD > B>G @>B B H DB ED D > C@F>O 4 30,7! 49 1 A>C ?CK? >@ C@F>> 1 B H ED D > C@F>O 4 4 ! 49 1 AD > B>G @DB B H > E =DC
2 3 2,

2,

A>C ?CD AD EDA AD >

<(
2 3

D= AD > B>G @> D 2, AD > B>G @>? D> >@ C@F>> 1


<( <( BE

2 3 2, <( ED D >B D OB  

C@F>> 4 89! 49 1 4 30,7 89! 49 1  4 4 89! 49 1  < KB =C>F A>HL DB G D DC>

DO

<  < <  < <( C AD >GCK < DG GCK >@>

^
1 > B E >B K ED
 


D C>O >@D AD > B>G @DB B H


C@F>>

1 >B

/ D D >BD ED > E =DC D

D> L EDA AD

> B>G @DB B H


>

83

>@

M DB A G C@F>O 4 ! 49 4 ! 49 )  5 ( $ 3 ( >@ C@F>> E > CC

 
(

>B L >  <(

7,5 .8+ 7,5 .8+ 4 ! 49 )  5 ( $ 3

 <  08 ,-0
    4

<(

4          
>


 


>@ C@F>> E >B


 

 

*= >

 

> CD G D AD > B>G @>? B H > A NI ? B >FK >@

C ED D >

1 >B

 

 <  <   <  <  <  <  <   <<

C@F>O = C

<

<

/ D D >BD D= L DG GCK? ED D >


C@F>> AD > B>G @DB B H

CCDB A G

C@F>O 4 ! 49 89! 49 1  08 ,-0


    4 CD C >
 

>B L >
<(

H C> E >

1  <  <   <  <  <  < <  <   << 4 89! 49 1  08 ,-0
    4 < ! 49$9 0
 !4 39$ 0 ((

<

4            
>
 


DG GCK? AD




>@

  
 

> B>G @>?

C@F>> E >B

F AO DALH ? C AO CD > >A !4 39$ 0


>@ DG GCD?

C@F>> > A C>O

 

ED D C EDAO CD?

1D

> B >B A NI> > B @DD >C

D C>

>@D

EDAO CD? >


C@F>> AO E

B @DD >C

>@D

!4 ,7! 49 1

9 92 3 92, <( 9 92 3 92, <( 9 92 3 92, <(

!4 ,7! 49 1 1 < !4 ,7! 49 7 7 <

X1 X1 X9 X7

M>

2 3

C@F>O E >CO K A NI> D D=C G C>O C@F>O >@ @D D D? D> O O C@F>O BCD D C@F>DC ALCD D >@ =C G C> A 9 EDAO CD? > BK @DD >C D 92 3 D 92, 92, ? > E> @ > D EDAO CD? > BK @DD >C

1> >C

CCK

C@F>>

DO A NI>
2 3 2,

>@> EDAO CD? > B @DD D> >@ EDAD< C>O @DCF D>

D> >@ E> @ 92, <(   2 3 CDB CD >=B COO AD N @DD >C 1 > B E >B K ED D C>O >@D EDAO CD? > B @DD >C

X !4 ,7! 49 1 9 9 9 <( D9 1 E > >=B C C>> A 9 D 9 X !4 ,7! 49 1 1 < 9 9 C@F>? E > >=B C C>> A 9 D 9 X !4 ,7! 49 7 7 < 9 9
2 3

@D

2,

2 3 2 3

92, <( D 92,

>@> BCD<

1 >B

 
 8 3   .48

/ D D >BD E > L C@F>N AO CD? > B @DD >C E > >=B C C>> > E =DC D CCDB A G C@F>O !4 ,7! 49 >B L >
!4 ,7! 49  $ 3 (  48 (  ! <(

> D

>@

ED

H C> E >

CD C >

 

!4 ,7! 49   $ 3 (   48 (

 ! <(

    
 



     

>

 

>@

C@F>> E >B

 

_
 

1 >B

/ D D >BD ED D> L EDAO CD? > B @DD >C C@F>?


 

B ? D A NI>


 

)


8 3 

A> 2 3
 H C> E >

2,



CD C >

 

!4 ,7! 49
$679  
(  $679 $ 3  (<
 <(

 
(   5
 (

  








>

 

>@ B ?

C@F>? E >B

 

1D

DA FD K > BBK 1D D C> DA FD K > C@F>?

D C>

>@D

>

> D

BB
AO O EDBDILN A NI>

BB D I

,7 ,79 . . <( $9,. 0/,7 ,79 . . <( !07.039 0,7 ,79 . . <( 0307, 0/,7 ,79 . . <(

D> L A NI> DA FD K > BBK D> DA FD N > BB ED CCKB E> @ DA FK EDA N O O DB > D A>G N O F DB E> @> CCK BD >B L =C N A>C M DB A G D NI> C CK G> N O C A KB> E D A C >@ A> E> @ >B N O D > F ALCK CCK D DC> DO O @ @ DA FK D I CCK C>= A>C DA F DD A>G>C CCD D D> DA FD N > BB X $9,. 0/,7 ,79 . . <( EDA O D C> DA FK C >B> DA FK D A>G N O F DB A>C DA FD E DED F>DC ALC BB MA B C D E> @D D> DA FD N > BB X !07.039 0,7 ,79 . . <( @ < @ @ > C@F>O $9,. 0/,7 ,79 . . <( CD A>C DA FD > G> AO O E DF C ) E >C>B O A>C B @ >B ALCD D DA F EDAD< CCD D KH D >=DC ALCD? D > = C>< D > =DC ALCD? D > D> DA FD N > BB X 0307, 0/,7 ,79 . . <( = CCD? H> >CD? > K D D? DA FD BD CCK C@F>> >B N DEF>> @D D K I CCD B CON > > BB 0C> >B N F D K M @ K B CON EDAD< C> > BBK D > =DC ALCD >@ ALCD D I AON D D DA FD > 1 > B E >B K ED D C>O DA FD K > BB

1>

X ,7 ,79

CCK

C@F>> ED= DAON


. <(

. B . .

 

 

1 >B

 

1 L C D D >BD ED D> L DA FD K > BBK = AL D G E A CCK > A NI ? B >FK


   
<  
> L DA FD K > BBK > EDAD< C>O DA FD O DB  << 1 > C DB DAN CKB > E DF C CKB D G B> CCDB A G DA<CK K L ED D CK > DA FD K > BBK C@F>> ED D C>O > BB >B L > X A G ? EDAD< C>O DA FD O DB

,7 ,79
   
<  

 <(

$9,. 0/,7 ,79    


<  

AG?

EDAD< C>O DA FD

DB

 <(

DAN CKB D G DB

!07.039 0 ,7 ,79    


<  

AG?

EDAD< C>O DA FD A>= F>> M >

DB E DF C CKB D G DB
 < (
   

= AL K

C@F>? E >

CK C >
 <(

,7 ,79
   
<  

  



 
 

>
 













DA FD O >

BB

EDAD< C>O DA FD O DB

$9,. 0/,7 ,79


   
<  
 <(

          


>

 

DA FD O >

>

BB EDAD< C> B DA FD DAN CKB D G DB

DB

^
!07.039 0,7 ,79
   
<  
 <(

>
 

                                  











DA FD O >

BB EDAD< C> B DA FD > E DF C CKB D G DB

DB

AO ED D C>O @ D K > BB > B E >= D CD CK O AO O A NI O C@F>O


! 0 ,79 ( 

D K

>

BBK

AO

C@F>? 0 CD?

E> @ @ >= NI> DAN @ D D? > BBK > > O DEF>OB> L E> D@ DEF>? BD<CD EDA G> L @DB C D? 59 438 ! 0 ,79( 1 > B DAL@D >= C> X ! 0$9 0
 7, 0;0 8( 7, 0;0 8( < ED D C> @ D D? > BBK @ @D? G NI> O @ D D @ D ED =B DD N C@F>> ! 0 ,79 ( >BO D @ D X ! 0 ,-0 8
    < 1 > B E >B K ED D C>O @ D K > BB

CCK > BBK =

1 >B

 


1 L @ D O > BB D D> >= @ D D E> D@ CCK D @D D K >B >    < / D D >BD E > L CCK > @ D D? > BBK @ @D? @ DD


! 0 ,79  

CCDB E >B

C@F>O !

>B L > 0 ,79  < ! 0$9 0


 7, 0;0 ( C C >
 

7, 0;0 (<(

A>= F>O M D?

C@F>> E >

! 0 ,79    < ! 0$9 0


 7, 0;0 (<(

7, 0;0 (

   

>

 

D O >

BB

@D? G

NI> O @ D D

1 >B

 
       

1 L @ D O > BB D D> >= G K @ D D @ < K? >= @D D K O AO O ? >C DB DBD >AO .D @ >G (> A> DA . / D D >BD = AL K ? >C E > L > @ D D? > BBK C E> OB> DBD >A ? @D >B L > CCDB A G C@F>O ! 0 ,79

! 0 ,79  < ! 0 ,-0 8


 .D @ >G (> A>  DA  . < ! 49 ,-0
  = AL K ? >C (

A>= F>O

C@F>> E >

C C >

 

^
! 0 ,79  < ! 0 ,-0 8
 .D @ >G (> A>  DA  .  = AL K ? >C ( < ! 49 ,-0


 

= AL

? >C

(> DA

A>

.D @ >G

>

 

= AL K ? >C

DBD >A ?

  
B CO >@> BD >@> > > B ,9

C O

>@ 
E B CCK B CK >@> ED CD ?

>@ MD >@ C@F>? K L A NI> > D @DC CK

>B D K D=BD<CD > D= C>O D J @ D B CD? >@> > C> ALCK E D BBCK >B DALCD? B B >@> DC O AO O A> DB D A > >@> DALHD G> AD D CCK >G @> C@F>? DEF>? > > @ > @ C>B ED= DAON D= L >@> E @ >G @> AN D D > >G @> D=BD<CD > > BK @D K G D DC> K D O A @D = E AK >= A>= F>> KG> A C>? >@ > BK >B BD DO ALCD =C G C> / H @C> ED OI C @DBELN CKB CDAD >OB H C>O B B >G @> = G AO C >@ O AO O DB >= A>= F>> KG> A C>? AO M >

02,9 .,

,9 02,9 .,

 

F A ? DALH>C A G D DGCD B CD? >@> O=> M >B B D K D= C>O D J @ D B CD? >@> = L C >=A N O 1D@ < B DAL@D C C @DAL@> E >B D=BD<CD > > BK ED D= C>N D J @ D B CD? >@> 1 > C D D >BD > G> AL BD< BD DO ALCD >= G> L CDAD >N ED D C>O >G @> D J @ D 9 = G D BCD D = E DI G B C E >B >= G> L @DBELN CK CDAD >> H C>O C C>? ) L C C <CD =C L A D > BD H C>O = G> D DGCD EDBC> L > G @> D CCK C@F>> DEF>> > > @ > K @ C>B G D K = D= L < A BK? B CK? >@

    D=

C> @DC

CK 

>@D 

,DC CK >@> ED= DAON E AO L ED CD > C EAD @D > B >B D@DAD C@F>? > DEF>? ED D C>O @DC CK @D D D C >= C> 4394:7! 49 1 23 2, < 23 2, <(

,9 02,9 .,

>

>

X1 X X

C@F>O E
2 3 2 3 2, 2,

B CCK B CCD? B CCD? CK?

> E =DC >=B C C>O E > E =DC >=B C C>O E @DC


C@F>> 1

C@F>O 4394:7! 49 D=
 

>@

1 >B

/ D D >BD E > @DC 


 D CD D 

> L

C@F>N


2 3 2,

83

.48
D
2 3

>@

> E =DC >=B C C>O


 D

2,

 >

CCDB A G C@F>O 4394:7! 49 4394:7! 49 $ 3 (  5 ( 48 A>= F>O C@F>> ED@ = C C >

 
? >
2,

>B L >
 <

 <(

   1D

D C> 

>@D ED
CD
23

CD

?
>G @ N C@F>N

AO ED D C>O >@D ED > ! 49 @D D O >B ! 49 1 23 2, < 0 D=C G C>O >B N D <

B >B

<(

BK A G D >

C@F>> 4394:7! 49

^
4394:7! 49 $ 3 (  5 ( 48 (
 <
 <(

 

  





>
 


 

,DC

CK?

>@

C@F>> E >B
>@

C@F>O ! 49 D> E D C CCK? AO E > C>O > >BD > D J B  1 CDB >G @D? ED CD >

>

C@F>> K E >B CO

E B CCK O ED D @ D

1D@ < B

?
 

>

C@F>> ! 49 C E >B


BD?


1 >B

/ D D >BD ED E > >=B C C>> D H C> E >

D> L

>@ ED

 0
2 3

83


CD > DE> K

.48

C@F> ?


 D

CD C

>

 

2,

2 3


 D

2,

 

! 49

 5

( $ 3

( 48

 <

 <(





 
>
 




>@ ED

CD > E >B

 

   1D

D C>  >

/ > DA >C CK > K D= N O EDBDILN >G @D? C@ F>> !,7,2097 .! 49 @D D O >B C @DAL@D BD > >@ F>? 0 C >= C> @D !,7,2097 .! 49 1 1 1 23 2, < 2 3 2, <(

X1 X

O
2 3

C@F>O =
2 3 2,

NI O @DD >C K DG@> B>C>B ALCD > B @ >B ALCD =C G C>O @DD >C >@ C D CD C>> E B >G @D D = = AL K ? >O C E >B

G @ CC O

2,

C@F>O D> C@F>? 1D@ < B

C>O

 
 

1 >B

/ D D >BD ED >B N >

D> L
1 1

>@ D J @

>G @>

C@F>> @D D D D

 

 

1

> E =DC >=B C C>O E

B CCK

.48  .48 8 3  .48  83 AO D D 5





AO

D 5

CCDB A G C@F>O !,7,2097 .! 49 !,7,2097 .! 49 ) .48  .48  8 3 < 5< 5<( A>= F>O C@F>> ED@ = C C >

>B L > 8 3  .48

 

!,7,2097 .! 49 ) 48 (  48 ( ) $ 3 (<  ! <  ! <(

) $ 3 (  48



 
 
>
 


 

>@

C@F>> E >B

1>
1 >B

B I D >C >E>GCK? E >B ED D C>O > K


 

/ D D >BD ED D> L >B N >

>@ > K E B >G @>

C@F>> @D D D?

 
1 1

 .48 83
1

.48

.48

8 3

> E =DC >=B C C>O E B CCK AO D C@F>O !,7,2097 .! 49 CCDB A G


!,7,2097 .! 49 .48  .48

AO D >B L >

5
5<(

8 3  .48
 

8 3 <

5

A>= F>O C@F>> E >

C C >

!,7,2097 .! 49 48 (  48 ( $ 3 (  48 ( $ 3  (<  ! <  ! <(

 




 

 
>@ C@F>> E >B



 

>

 

_ \^\

E F> ALCK  KG> A C>O


N O @DBELN CK CDAD >> H C>O B B >G @> = G NI> DE F>> B B >G @D D C A>= BB > E D>= C>? ED D K A> D C>O C@F>? KG> A =AD< C> C@F>> E CCD? O > CF> D C> 1 > K H C>O = G B B >G @D D C A>=
,9 02,9 .,

A >=A 0E> CK A KG> A C> C> E AD D O O E >B

   KG> A C> 
> B
,9 02,9 .,

BB
BBK >
2,

KG> AO
$

2,

2,
1

 23  23

 23

BB> D C> D I AO B > E =DC > >=B C C>O I AON O @ @ C A> >G BD< K L E> @DB G> A G CCD D G> A E B CCK

O ED C D C>G CCDB G> A E B CCK > AN D D @DC GCD > @ANG> ALCD KG> A C>O D @DB @ > G> A CCDB > 1 > M DB C@F>O 1 >B DALCK E B CCK >A> C@F> ? C D C> BB> D C>O

    KG> A C>  BB  C A> >G @DB >  = AL B> BB> D C>O C A> >G @DB > BD K L K < C>O D B AK >A> DGCK =C G C>O BBK E A CCK CD B ALCD? D B G> A> A B > =C B C A B BB> D C> C A> >G @DB > D I AO O EDBDILN A NI> D CCK C@F>?

$:2 1 $:2 1

2,

<(

23 23

2, 2, 23

<(
 <(
2,

$:2 1 $:2 1

<

23

2,

< (

C@F>O E >CO K A NI> D D=C G C>O MA B C K BB> D C>O E B CC O BB> D C>O B>C>B ALCD > B @ >B ALCD =C G C>O >C @ 2 3 2, H >=B C C>O E B CCD? 1 > CCK C@F>> A>= N >B DALCK KG> A C>O BB @< G> A CCK KG> A C>O K G ? = AL > DGCD D =C G C>O BBK CD B ALCD? D B E A C>O G> A BD >B ED D CD C@F>> BB> D C>O > E > B E >B K C@F>O $:2 1 BB =C G C>? 1 E > >=B C C>> 2, <( KG> AO >C @ D D 2, H DB CKB

X1 X X X

1 >B
2,

 

/ D D >BD C ? >
 3
2, 2,

CCDB A G A D EDAL=D L O >A> 2,  >A> 2,  H C> E > CD C >


 



BB G> A D

A>

3
1

 3
2,

 3
3

C@F> ? $:2

<(

>

 

H C> E >B

 

E K C@F>O ALCD D O G> A > @

,9

02,9 .,

K A D B AK KG> A C>O BB C D >@ D E L KG> A C>O BD<CD KEDA


C> L < GC N )C G C> >B DALCD? B B >@> @DBELN CD? A>= F>> CD E DF C> L ED A C> E >B C@F>O KG> A> A DGCD =C G C> BBK G> A D D >D D C@F>O $:2 1 BB =C G C>? 1 E > >=B C 2 3 2, <( KG> AO C>> >C @ D =C G C>O 2 3 D =C G C>O 2, H DB CKB
 
   


1 >B

 
3

/ D D >BD C ? > BB G> A C@F>> 1  E > >=B C C>> 3 D 3 D D >D D 0E A> L @< =C G C> A NI ? BBK
    

DB




 

 

CCDB A G @ = C > E =DC >=B C C>O E B CCD? EDM DB AO KG> A C>O BB C D D >BD D EDAL=D L O C@F> ? $:2 1 2 3 2, <( H C> E > CD C >
 

>
 

 

H C> E >B

 

E D? = G E >B C@F>O $:2 1 BB 2 3 2, <( C HA @DC GCD D O ED@ = ALCD? C@F>> D D D? > L ? = G DC C HA G >GCK BBK GA CD O ED A C B E >B C@F>O C HA DGCD =C G C> BBK GA CD O KG> A CCK ED D B A





 

 



BB =C G C>? 1 E > >= C@F>O $:2 1  <( KG> AO 2 3 2, B C C>> >C @ CD? E B CCD? D 2 3 D 2, ED DOCCKB H DB  C@F>O $:2 1 2 3 2, < 2 3 2, < ( KG> AO BB BCD D>C @ CD? C@F>> E > >= CK > E =DC =C G C>? >C @ CK E B CCK > ED DOCCDB H CDB


1 >B

 

/ D D >BD KG> A> L H DB  @<


 

BB C@F>> BBK >


 
B B
3 3  2  3


 3 E > >=B C C>>


2
2

 
 

 

3  2 3 2

KG> A> ED A CNN BB E >   CCDB A G AO KG> A C>O BBK 3 C D D >BD > EDAL=D L DC C N C@F>N $:2 1 AO KG> A C>O BCD D>C @ CK  <( 2 3 2, BB C@F>N $:2 1 H C> = G> 2 3 2, < 2 3 2, <<( E > CD C >

 

>

 

1 DF

H C>O E >B

 

    KG> A C>  BB G> A CCDB >  KG> A C> BB G> A CCDB > D I AO O > B EDBDILN D CCK C@F>? >B NI> D < > G D > C@F>> >B DAL CD D BB> D C>O D A C> B E >B C B C@F>> >B DA 
,9 02,9 .,



$:2 1 $:2 1 $:2 1 $:2 1


2,

<(
2, 2, 23

23 23

<(
 <(
2,

<

23

2,

< (

CDAD >O KG> A C>O BB = L < G D > A G >B DALCK E B C CK = AL DB KG> A C>? O AO O G> AD E A CCD CCD? DB

1 >B

 

/ D D >BD KG> A> L A


 



NI>
B 


BBK



0

 
 

1D A CNN
 

BB

KG> A> L E > >=B C C>> > B


,9 02,9 .,

 D
 



H DB

KG> A C>O BB

ED@ = CK C >

>

 

H C> E >B

 

   * EDAL=D

C>  >B DA 
V V

BB> D

C>O

V V

U
C@

1 > H C>> E @ >G @> = F>>


$:2

G D CD > E > KGCD B D


U

D CCD?

> EDAL=D

L >B DA BB> D C>O D DO L >= KEDAC C>O A

M DB A G

CDAD >O

BB> D C>O

NI> E C@ D




K=D

>B DA

BB> D C>O E C A> >C

BCD E

B D

I C>O @
V V

@DB C B B CN  0  0 !, 09908 ,8 . 35:9 =C @ BB> D C>O U


 

D C@F>> 1 > E AD BB> D C>O / < > @DB >C F>> @A >H $ 19 3907

AO EDA G C>O D

1 >B

 
BB> D C>O A
  3 2  

/ D D >BD KG> A> L > EDAL= O >B DA


3 3 

NI>


BBK

B 




 

3  2 

3 2

 

H C> =

G> E >

CD C

>  

>

 

H C> E >B

 

   1 >B

K KG> A C>O
C@F>> > E B >G @DB

BB

A   E A CK @D D K E > D O O B

AK BB> D C>O @< D K E DGC>@ ( / D D >BD C ? >


BBK E > CCK C@F>? D B> A> DC> C D E 1 >B K EDA =CD H L C C>O C@F>> BB> D C>O DALCK E B CCK KG> A > > BK ,9 02,9 ., EDBDILN > BK ,9 02,9 ., > C> L > N D CD > L @ @D? >= D D CK? DAL@D F ALN D C>O CDAD >> BB> D
O AON O C A> >G @>B> D < I>B> >B
C> BB ED= DAO > L D >C AA @ ALCD

A>F >C
     

 

C@F>> > E
2,

AK >

BB> D C>O

C@F>O BB> D C>O



 


2 3

0
3

ED E

DGC>@

 
          

3 3 3

3
 




,

3 3

 

,6

B B B B B B B B


6
5 5 

 
   
     
 

  3    
0

 

 


  


A>F >C
       83
5
3

_
  D@DCG C>

C@F>O BB> D C>O


  

2 3

2,

0
 
0

ED E

0

DGC>@

      

B B B
3


  

.48   


.9
5 3

.48 

B B B

5 5
 

3 3

 

1 >B G C>
> D CD

B ,9 02,9 ., BD< K CD >CDB > C @DC F

L H C> D E NI H C> D E F> ALCKB>

D DB C@F>OB>

AO E DI C>O H C>O > D E C>O = AL C@F>> E DI C>O $ 25 1 : $ 25 1

D DB EDA =CD E >B CO L  5,3/

   KG> A C> E D>=

C>?

> B ,9 02,9 ., ED= DAO KG> AO L E D>= C>O C D C>G CCD D G>
A E B CCK @ @ C A> >G @DB @ > G> A CCDB > 1 > M DB C@F>O K L E> @DB G> A >B DALCK E B CCK >A> C@F> ? C D
1 BD< C>G CCD D G> A E B CCK

,9 02,9 .,

BD >B

CDAD >>

KG> A C>O

E D>=

C>?

>

BK


    KG> A C> E D>=  C A> >G @DB >  C>?
BD K L D
A CCK CD
AO O > B

= AL B> KG> A C>O E D>= C>? C A> >G @DB > B AK >A> DGCK G> A CCK =C G C>O E D>= C>O E B ALCD? D B G> A> A B > =C B C A B

,9 02,9 ., EDBDILN A NI> !74/:.9 1 2, <( !74/:.9 1 23 2, <( <( !74/:.9 1 23 2, !74/:.9 1 23 2, <

KG> A C>

E D>=

C>?

C A> >G @DB > D I D CCK C@F>?

23

2,

< (

C@F>O E >CO K A NI> D D=C G C>O X 1 MA B C K E D>= C>O X >C @ C O E B CC O MA B C D E D>= C>O X 2 3 2, B>C>B ALCD > B @ >B ALCD =C G C>O >C @ 1 > CCK C@F>> KG> AON E D>= C>O >B DALCDB >A> G> A CCDB > K G ? = AL > DGCD D H C>O BD >B D=BD<CD > E G> A CCK C@F>? > E > B E >B K >
A>= F>> KG> AO E D>= C>O =C G C>? 1 X C@F>O !74/:.9 1 2, <( E > >=B C C>> >C @ D  D 2, H DB CKB  KG> AO E D>= C> =C G
X C@F>O !74/:.9 1 2 3 2, <( C>? 1 E > >=B C C>> D 2 3 D 2, H DB CKB  KG> AO E D>= C> <( X C@F>O !74/:.9 1 2 3 2, =C G C>? 1 E > >=B C C>> D 2 3 D 2, H DB CKB  ( X C@F>O !74/:.9 1 2 3 2, < 2 3 2, < KG> AO E D>= C> =C G C>? BCD DE B >G @D? C@F>> 1 E > >=B C C>> D 2 3 D 2, D 2 3 D 2, > 1 > B E >B K KG> A C>O E D>= C>? C A> >G @>B> B D B>

1 >B

 

O KG> A> L E D>=


`




C>O A
`


NI> > D
`3



`


``

 



1 D>= H C> =

C> ` 3 C D D >BD KG> A> L H DB  




GE >

CD C >

 

>

 

H C> =

G E >B

 

*= >   A GD E K = G H C> EDA G CD C A> >G


@DB > > B C KG> A>A BB AD > BD D O BC = C > G> A AO EDA G C>O BBK E >HAD L > EDAL=D L @DB C  ( D ED A C B E >B > B C HA BB G> A CCDB > C BD O C D G D H A C A> >G @>B B D DB 9 D D JO CO O B G D CCDB E >B EDA G CD H C> DAN CD DGCD
    KG> A C> E D>= C>? G> A CCDB >  KG> A C> E D>= C>? G> A CCDB > D I AO O > BD? ,9 02,9 ., EDBDILN D CCK C@F>? >B NI> D < > G D > C
A> >G @> B D K D A C> B E >B C B C@F>> >B DA 
2,

!74/:.9 1 !74/:.9 1

<(

23 23

2, 2, 23

<(

!74/:.9 1 !74/:.9 1

<( 2, <

23

2,

< (

1>

B E >B K KG> A C>O E D>=

C>? G> A CCKB> B D B>



1 >B

/ D D >BD KG> A> L G> A CCDB >


`



A


NI> E D>=


C>O




 



``

 

H C> =

GE >

CD C >

>

H C> =

G E >B

   * EDAL=D C>  >B DA E D>= C>O! 1 C AL >C B C D D <> >B DA E D>= C>O ! @D D K? F A DD =
CD > EDAL=D L E > C A> >G @DB B D BB> D C>O 1 > M DB CDAD
>O KG> A C>O E D>= C>O D D> KEDAC C>> A NI> E DF !  0 I C> @ >B DA !  0 !, 09908 ,8 . 35:9  D C@F>> 1 > E AD E B CCD? E D>= C>O  / < > @DB >C F>> @A >H $ 19 3907 AO EDA G C>O H C>O 1 > B E >B K > EDAL=D C>O >B DA E D>= C>O

1 >B


/ D D >BD KG> A> L > EDAL= O >B DA ! E D>= H C> = GE > CD C >


C>O

C@F>? >= E >B



>

H C> =

G E >B

*= E >B

> CD G D H C> EDA G CD





>

DGCK =C G C>? E D>= A CCD D CCD? D B

C> ` EDA G CD > DGCD D G> A E   CD B ALCD? D B AO EDA G C>O E > A>< CCD D G> A E >HAD L > EDAL=D L >B DA  ( C>? 1 D>=

   1 >B K KG> A C>OE D>= C>? A   E > CK C@F>> > E AK KG> A C>O E D>= C>? * H C> EDA =CD AO E >D C>O DEK H C>O = G > B ,9 02,9 ., @< F ALN >= G C>O D=BD<CD ? > BK > >C AA @ ALCK ED D CD ?

A>F   >C
    


C@F>> > E
2 3

AK KG> A C>O E D>=


2,

C>?

C@F>O

 


0
   

 

B B B

 






A>F >C
   
 

  D@DCG C>

C@F>O
 

  

2 3

2,

0
5
  
.48

 

B B B

  
3


  5
 





5 5
3

83 833


 3
 ` 8 3


` 

 

8 3 83 83

` .48 


` 
5 

83

1 >B G C>

D > ? L G D K H> H C>O D E

A> D

B>

  
1 A C>

A> D
C@F>>

C> 
>

C@F>>
A NI> A G O ED =C G C>OB A>G

X DE A C> ED HCD > >C EDAOF>> X KG> A C> >C AD E F> ALCD D > X DE A C> E C> >C EDAOF>DCCD D EDA>CDB CK =CD ? X DF C@ D A > >=DAOF>> @D CO

A>FK C D D >BD


1

A>F BD<CD EDA G> L C ED CCKB> KG> A C>OB> =C G C>? C@F>> E > =A>GCK =C G C>O B C 0 C @D M DB C C D D >BD > > B ,9 02,9 ., AO M > F A ? >B A NI> D CCK C@F>>
3<(
2,

%,- 0 1 %,- 0 1 %,- 0 1 %,- 0 1 %,- 0 1

<(
2, 2,

23 23

<(

 <(
23 2,

<

23

2,

< (

O 0 @A>@DB AN D? C@F>> %,- 0 O AO O @ D >A> B >F MA B C K @D D


K L DGCK =C G C>O C@F>> 1 > M DB C D C>G C>? C > C@F>> > E =DC >=B C C>O B C >H A>FK CDAD >O A> D C>O C@F>> > B ,9 02,9 ., G = KG ?CD E D C <>B O @DB >C F>O @A
D > O C@F>O %,- 0 > AO EDA G C>O D >H $ 19 3907 BD >B DA ED D CD D CCK C@F>> > E > B E >B K C@F>O 1 ED D O O 3 = > E AO
C@F>O %,- 0 1 3<( O > @ D @ < K? MA B C @D D D D C@F>O C A> >G @DB > A> G> AD C@F>O 1 >B DGCD =C G C> D D @A>@DB O AON O G> A @ D E A CCK CD B ALCD? D B
1 >B


X1 X X3 X X X X1

D CCK

2 3 2,

C@F>> >B N A NI> D D=C G C>O A> B O C@F>O BC A> BD? C@F>> G> AD ED D C>? C@F>> 1 B>C>B ALCD =C G C> BC B @ >B ALCD =C G C> BC H >=B C C>O BC C@F>O BCD > E B CCK B C B> @D D K O AON

/ D D >BD E > L C@F>> 3 3  3 C@F>> 0


 > 8 3  > B >FK H C> E > CD C >  *= >  > CD G D D A G O EDA G AO EDA G C>O G> A CCD D H C>O > EDAL=

> @ D G> ADB MA B C D G> ADB MA B C D 3   B H C> O @DB C


 (

C A> >G @DB >



>

A> D C>

C@F>? E >B

C@F>O %,- 0 1 D @A>@DB O AO O @ D MA B C K @D


2, <( D D D L =C G C>O C@F>> 1 D  D  2, H C>O E AON O C A> >G @DB >
1 >B
 

/ D D >BD E D

A> D L A NI>


C@F>>
,


A CCK > B >FK . @ >B ALCD =C


@< C@F>>  0 E G C> B C 2,  H C> E > CD C >   C@F>O %,- 0 1 D @A>@DB M D? C@F>> O AO O 2 3 2, < ( @ D MA B C K @D D D D L =C G C>O C@F>> 1 > E =DC D  2 3 D  2, KG> A CCK H DB  
1 >B
 

,

-

/ D D >BD E D A> D L C@F>> X


  E > 2 3 2, 

,
-

  E >-

2 3

 -2, 



>

 

H C> E >B

 

KEDAC> L @< A> D C> A CCK > B >FK H C> E > CD C >  

C@F>? >

> E =DC

2 3



2,

>

 

A> D C>

C@F>? E >B

 

0 C C

C>B >= C D @D A> D C>O EDBDILN C@F>> %,- 0 O AO O D


> D =C G C>? B C E > @D D DB KG> AO O C@F>O 9 D D D@ = CO DE A C> D A> A>F A>CC O D=BD<CD L A> D C>O D CD B CCD C @DAL@> C@F>? ED= DAO C> L M D >L > @D D D@ AO M D D D DGCD C@F>N 1 E D EDA G C > B >FK MA B C B> @D D D? 1 < D



O AON O =C G C>O > 1 9 D A G ? ED@ = C C >   E > A> D


C>> C@F>> 4 D @A>@DB C@F>> O AO O C@F>O %,- 0 1  <( 2 3 2, @ D MA B C B> @D D D D O AON O =C G C>O C@F>> 1 > E =DC D  2 3 D 2, E > H 
1 >B
 

/ D D >BD E D A> D L A NI> C@F>> X 1  3 E > 2 3 2,     > D > B >FK X 1  E > 2 3 2,     E MA B C B> @D D D? O AON O =C G C>O B C D > C@F>> 1 > D > X 1   > 1  E > 2 3 2,     E B >FK MA B C B> @D D D? O AON O =C G C>O B C D > C@F>? H C>O E > CK C >   *= >   > CD G D C@F>O %,- 0 1  <( K 2 3 2, H C> G> A CCDB > D BO @ @ A> D C> ED DOCCKB H DB H C> C A> >G @DB > C@F>O %,- 0 1 ( D
2 3 2, < 2 3 2, < I AO A> D C> C@F>? BCD > E B CCK G> AD C@F>? C D
C>G CD H C> K C A> >G @DB >
1

>

 

H C> E >B

 



_
 

1 >B

/ D D >BD

A> D L A NI> BC D 1 3 2  3 2 E > >=B C C>> D D  D  H DB CKB  H C> E > CD C >  

C@F>> D

D ALCK

1 , -

 , -

B C

>

 

H C> E >B

 

   KG> A C> E

AD 
AD 

I N B B >G @> C@F>> =C G C>O @D D K E > DE A CCK =C G C>O B C O AON O C DE A CCKB> 9 D A G O C E >B A G O @D C@F>> >B B D = K C E K CD > >A> E > B B DE A CCK =C G C>O B C DC >B =C G C>O B @> A G O BD D=C>@ L D D >C >= E >B D
 

    CDAD >O KG> A C>OE > BD?,9 02,9 .,

CD > H C>O B B >G @> = G

/ D D >BD KEDAC> L A> D C> C@F>>  3


 E > 2 3 2,  H DB CKB  H C> EDBDILN C@F>> %,- 0 ED@ = CD C >   *= >   > CD G D H C> C EDA G CD @ E >   =C G C> C@F>> C KG> A CD . < B E >   =C G C> C@F>> CD  9 D > CD >=

1 >B



ED A C ? D@> >   D CD? C@F>>

C D > O = AL

KG> A C>O E

A >

>

 

H C> =

G> E >B

 

1D D CK E >B D A>@D BCD< D @ < DB >= @> A G EDAL=D


AN E > D > O C A>=> D L H C> KG> AO L E AK AO DE A C>O E A D BCD > A G O EDAL= N O E >ADB -DE> AO E A C@F>> 1 C E A D CDH C>O E D>= D CD? G> A> AO A CCD? C E D>= D
C N =C B C AO / E >B

2 3
  2 3
 ??  2    2 
   

) B >B G D D EDO A C>O > B @DBELN CD? A K = G KG> A C>O E AD EDBDILN @DBELN CD? C>@> DD I C >A L @ @DBELN
B C D E D BBCKB D E G C> B @> = G> C BD H L E >CF>E> ALCD > B ,9 02,9 ., E AK DE AON O EDBDILN D CCD? C@F>> 2 9 >B NI ? >
2 9 1


C@F>O E A @D D D? C D D >BD DE A> L B C C@F>> 1 E ALCD =C G C> 9 C@F>O ED= DAO C D > L E A C DAL@D > G> A CD @< > C A> >G @D D K < C>O G D > AL D K D@> >C AA @ ALCK D=BD<CD O > BK ,9 02,9 ., BD >B E >B K E >B C C>O C@F>> 2 9

X1 X X



_
 

1 >B

/ D D >BD DE
9

H C> E >

0 2 3 
9

9

A> L A NI> E

, 2 
0 >  
3 3 3

29

AK

283

CD C

2 
00

>

 

H C> E >B

 

C@F>O 0EF>O  >

2 9 >B 70.9 43

A NI> DEF>>  70.9 43 > 3, 9 . @ =K C E A C> E > A>< C>O @ E A DC >B

 70.9 43
   70.9 43



)C G C> E
 C@F>O
2 9 1 2 9 1

D=C G G D E > A>< C> @ E A D I AO O A BDAG C>N C E A C> E > A>< C>O K > > B > 2 9 DEF> ?  70.9 43 >B

1D




 70.9 43
 (  70.9 43

(

1 >B

 

O DE A> L A NI>? E A A > E H C> E > CD C >  

2 ,7.9 

E > E > A>< C>> @ E



>

 

0E

A C> E

A E > E > A>< C>> A

> E

*= >   > CD G D E AK E > E > A>< C>> @ C>B A > E =CK 1>D >> DEF>>  70.9 43 > B K A E > A>< C> @ E A A >   C @D D DB E > C >@ C@F>> ,7.9  D JO C C> E > A>< C>? > D D
! 49 7.%,3  (
  <(

   




 
>
 

>@

C@F>>

,7.9 

*= >@ >   > CD G D C@F>O >B = K C E K CD > > E > E > A>< C>> @ C B A  E ADB D >F ALCD =C G C> C@
F>>
5  E > E > A>< C>> E  EDAD<> ALCD 5  C@F>O 2 9 >B I D C DEF>N 3, 9 . M D? DEF> ? DC E
AO O A NI> >



9 DEF>O @ =K O AO O A> C >= C O C@F>O C A> >G @D? DALHD


D E @ >G @D D =C G C>O M DEF>O C >B
   1 >B

2 9 1 2 9 1




3, 9 .
 %7:0( 3, 9 .
 , 80(

A   E > CK = G> C DE A C> E AD C@F>> 0C> >AAN


> N D=BD<CD > > BK ,9 02,9 ., 1DAL=D AN EDA =CD D > L C>B C> C C A> >G @> H C>O @D D K DE AON >C AA @ ALCD L > BK
A>F C@F>O
   ,   


 
 
 

K KG> A C>OE

AD 

 

C@F>> > =C G C>O > E


0
 , -

AD

1
B


ALCD =C G C> BC

   

B


B



0
, 9 4 
9 
,3 ,3 , 
0
, 
0
,

3, ,

,


,
, 


A>F C@F>O
 3
3
   D@DCG C>

1


ALCD =C G C> BC

3 3 3

  
     O 

=AD< C> 

C@F>> 

E CCD? O 

=AD< C> C@F>> E CCD? O >B B B >@ DALHD =C G C> 0CD ED= DAO X E DI L B B >G @> G K X EDA G L H C>O = G C A> >G @DB > X C D > L B B >G @> BD A> =A>GCK D J @ D > O A C>? E B ED
A>CDB> ALCD? >C EDAOF>> D D >C E D D? E >B C C@F>O
 0




CDAD >O =AD< C>O C@F>> ?AD   > B ,9 02,9 .,

=AD<>

D@

 

O
 


?AD EDA G>B




KG> A>B E L DE A CCK? >C 


 D   1DA G>B


AD D >




C@F>? E

A D

0


/   

 /   

H C>O E @ >G @> D E N C EDA G CCKB = AL =AD< C>O O EDA>CDBDB E L BD<CD KEDACO L AN K B B >G @> ? >O > E =DC =C G C>? D  D  / E >B E D>= D C O D > D CD? C@F>> >B >
? 
0

A G EDA>CDB




 

E OB O A>C>O



=AD< C> C@F>> E CCD? O D I D B A ?AD @D D O >B >


1

AO O > B

,


,9 02,9 ., ED

1 ,

,
,
3

1? ,  3 1 , 3

1 ?? , 

 

, =C G C> BC C@F>>  1 D@ @D D D D E D> D > =AD< C> O D B A   E A> AO AN D D I CCD D G> A DB G> A > AO ,  1 > ,  D B A ?AD E >C>B > 1

 1

1? 

1 ?? 

3

 

D B A   C =K O O DB . @AD C ) B >B G D D B AK   >   ,9 02,9 ., K A> D EDAL=D L O D CCD? C@F> ? $07 08 DE> C> @D D D? E > D > O A H C> ED@ = CD C >  

>

 

0 @A>@

>

D B A ?AD > . @AD C


,9 02,9 .,

=AD< C> C@F>? EDBDILN A NI>

E CCD? O > B D CCK C@F>?


D I

AO O

$07 08 1 3<( $07 08 1 3< 4 0.9 $07 08 1 3<( 472, $07 08 1 3<(( $07 084011 . 039 8 3(

3 <(

X1 X1

M>

C@F>O E >CO K A NI> D D=C G C>O C@F>O =A B O O C@F>O E B CCK >



X X X3 X8

B C C@F>> D@ CD L DG@> =AD< C>O E CL BCD DGA C O E C> 3 CDAD >O =AD< C>O C@F>> E CCD? O > @ANG> ALCD E D D D CCD? C@F>> > C < > @DB >C F>> @A >H $ 19 3907 AO EDA
G C>O D BD >B ED D CD D CCK C@F>> > E > B E >B K AO =AD< C> C@F>> 1 O C@F>O $07 08 1 3<( D I D@  G> ADB GA CD 3
1 >B
,7.8 3

 

/ D D >BD
8 3

=AD<> L
3

H C> E >

E CCD? O A NI> C@F>> =AD< C> KEDAC> L E > G> A GA CD 3  CD C >


 

8 3

>

 

=AD< C>

C@F>?

E CCD? O



_
 

*= > > CK A NI> D D CCD > =AD< C>O C@F>? O @ =K O ED O D@ ED HCD > X @ < DB D >B N DAL@D G K X E CCK O K C@F>? D BO @ @ C@F>O $07 08 D <> 3  GA CD M D D JO CO G D M > C@F>> O AON O C G CKB> > G CK GA CK CK C AN X C@F>N > B C =AD<>A O D@  @ C
8 3 ,7.8 3 8 3 3 3

E CCD? GA C O B I

H C> E AO O C A> >G @DB > C@F>O $07 08 3< 3 <( D I C> O C@F>> C G A ED = B ED D@ CD DD CCD 3 3

AO =AD< G> ADB GA

1 >B

 
0 0

/ D D >BD =AD<> L O C@F>> H C>> 3 3 @ = CCK H C> = G> E > CD C >


D@

G> ADB GA CD

 

>
 

 

=AD< C>

C@F>? 0

*= > > CD G D H C> EDA G CD C A> >G @DB > C@F>O 4 0.9 $07 08 1 AO 3<( ( D I E CCD? O A C> B GA C D DGCD? ED HCD LN

=AD< C>



AO =AD< C> C@F>O 472, $07 08 1 3<(( D I E CCD? O A C> B GA C D DGCD? ED HCD LN D A>G O D E K I ? C@F>> A>HL D BD? E A C>O 1 > B E >B K =AD< C>O C@F>? O A C> B GA C D DGCD? ED HCD LN

1 >B

 

/ D D >BD =AD<> L

O
8 3

?AD
8 3

D@
0

A NI>

C@F>>

3> AD GA CD O > CD >= H C>O H C> E > CD C >


 

>
 

 

=AD< C> C@F>? O A C> B GA C D DGCD? ED HCD LN

*= > > CD G D D A G O H C> EDA G CD C A> >G @DB > = GA C D DGCD? ED HCD LN 1 > E @ >G @DB > EDAL=D C>> D B AK ?AD EDAL=D AO D=C>@ N A NI> DE D K X , @> C@F>> DE @ N =AD< C> O ?AD X , @>B G> ADB GA CD O BD<CD D C>G> L O CCDB @DC@ CDB A G X , @ C ? > ED HCD L =AD< C>O 0 >B C M > DE D K
  



=AD<> L O ?AD D C>G CCDB > E =DC B C BD<CD AN N C@F>N >B NI N 3 E D>= D CK 1 > M DB C@F>O > E D>= D CK DA<CK >B L G> A CCK =C G C>O E > =C G C>> B C D@ @D D D D E D> D > =AD< C> @ C E >B C@F>N C AL=O =AD<> L E CCD? @ C I D C@F>> O D@
0  BD<CD C BD O C D GD =AD<> L O ?AD D@ 
0
, = L >B N B D A G > C DE A CCD > > O K M > C@F>? E > CK C >

3 3 8 3    

>
 

 

=AD< C>

E CCD? O
3

C@F>? D D D D >

*= > > CD G D O ?AD C@F>> C


B D ALCK A G O H C> EDA G CD @D? >C AA @ ALCD > > BK @D CD > > >E >A H C> C A> >G
,9 02,9 .,

C I @ G D > AL D KD D O @ KA C DE A C @DB >


3

   1D

HCD

>

E CCK  O D 

?AD

E DF KG> A C>O C@F>> @DC GCK? E CCD? O = B CO O G >GCD? BBD? O=> M >B A =C L @DAL@D GA CD O C D D >BD D C> L G D K KG> A> L C@F>N = CCD? DGCD LN H C> M D? = G> = > > D > C@F>> > =C G C>O B C

M DB A G O D A A NI>B D? DB BB D DH CCK GA CD O ED DAN CD? A>G>C C E KH =C G C>O ED A C D D A CCD D GA C AO @D D A G O DE A> L G> AD GA CD O A @D / E >B AO

A G ?  O =C @DE B CCK? GA CK O K D K N 



O 0
D I>? GA C O >B >
3 3 3 D G> AD 3 BD<CD C ? > >= AD >O 3 3 @ 0 0 ED HCD L KG> A C>O C@F>> A> C E > 3 B 0 D 3 @ D E>  D DGCD D > L > GA C O 3 
  
    

M DB A G D? D G >GCD? BBK O D CO O CD O D > O B A CCD > C D D >BD G> AD GA CD O DA<CD K L A>H@DB DALH>B @ C E >B A> A G EDAD<> L  D AD > B K D G> A GA 3 3 @ >A> 3  3J CD O
 
    

A G ?  O =C @DE

B CCK?



A G ?  O C =C @DE
I

M DB A G D I> E >A K D G> A GA CD >= AD >? DGCD > C


CDAD >>DF C@>

B CCK?

   ,DBELN CK  ED HCD ? O D 

ICD L M D D ED D D D> A NI B D I AO O A> D C> > D CD? C@F>> 1 > EDA G CCD? = AL =AD< C>O O ?AD / G ALCD > @DC GCD =C G C>O K > N O >= > E =DC =AD< C>O C@ F>> O C C> G> A CCK =C G C>? C@F>? ED= DAO > L D DGCD > =AD< C>O DA D D BD<CD CD > L D A L =C G C>? @D D D? ED HCD L E CCD D O C DA DE >BD? E > CCDB G> A GA CD O


ED D

A> D C>

C@F>?

1 >B

 
    

/ D D >BD DF C> L ED HCD L O EDA G CCD D = AL C@F>> 0 D A > E > G> A GA CD =AD< C>O 3 G ALCD =C G C> E >CO L  CDAD >O H C>O = G> X =AD< C> 0 O EDBDILN C@F>>

=AD< C>O ) C


472, $07 08 1

3<(( <((

= AL

 

=AD< C>O EDA G>B




472, $07 08  5 (



472, $07 08  5 (

<((

472, $07 08  5 (




<((






%,- 0 %,- 0

AG

A> D C> 0 > >B L >


1 <
2 3

C@F>? =AD< C>O


23 2,
 

C@F>O

AOF>> >B L >

CCDB

<( 1

1 L
1

 2,  H  5 ( 1 1 1

1

<

C@F>O %,  

0  <(


C>O > = AL K

C@F>O 0 E > 3 A> D C>O E > CK C >

1 DF

K KG> A

 

>

 

= AL

>

A> D C>O > D CD? C@F>? O ?AD

C@F>>

0 D=C G C>O :9 ( :9 ( :9 ( D=C G N CDB D@ @D D K C D > O C@F>O 0 G> ADB GA CD =AD< C>O CKB DD CCD *= H C>O > CD G D ED HCD > O D E > G> A GA CD 3 >E =DC D DGCD DALH> 0C> B CLH N O A>G C> B 3 .D<CD ED@ = L G D AO KG> A C>O =C G C>O 0 DGCD LN H L =C @D C D D >BD >B L O ?AD G> ADB GA CD =AD< C>O CKB

      
 

ICD L M D D ED D D D> A NI B * D C O C@F>O 1 > E CCD? O ? DD > >@ C C> >@D ED= DAO O > DE >BDB > E =DC =C G C>? B C

ED D

>= A>= F>O H C>O

NI>? E > L D DGCD >


AON O E CCD D



CDAD >O M D D ED D D D> A NI B O ?AD X =AD< C> 1 X ED D C> C D CDB >@ > D CD? C@F>> 1 > EDA G CCD? = AL =AD< C>O O X C C> >@D 1 > < A C>> BD<CD ED D> L >@ =CD > C@F>? @D D K? @ >=D L ED HCD L O ?AD / > E > CK >@> C@F>? 0 > O ?AD G> ADB GA CD 3 ED D CCK ED CCKB E K I D E >B *= > > C ED HCD L E CCD? C@F>> D= NI ? D DB
     

472, $07 08  5 ( 
   

<((

  <( 0

! 49  5 ( :9 (<       
>
 


>@>


?AD


E >3

C@F>? 0 > O

ED D KG> A C>O ED HCD > E CCD? C@F>> DE AO O K CCKB @ > > B C E >B B @ >B ALCD? ED HCD LN DAN CD? C@ >G @D? D CD > ALCD? C@ >G @D? . D K G > @DBELN CK CDAD >> ED D CD B > N O A 

ED D

KG> A C> ED

HCD



   KG> A C> E D>= D CK 


> B KG> AO E D>= > 1 > M DB > CF> BKB> CK E F> ALCK > AN K EDAL=D KG> A C> E D>= D CK D I AO C@F>?
,9 02,9 .,

D CK C A> >G @DB > G> A CCDB C@F>OB> BD K L C@F>> MA B C AL @> O EDBDILN A NI> D CCK

 1 (  1 3<(  1   ( 9 1 ( 9 1( 07 ;,9 ;0 3 3 ( 1(

X 1 > CF> B O C@F>O BC > CF> BD? C@F>> E X C>O X 3 ED O D@ E D>= D CD? E B CCK > CF> D C>O X ED O D@ E D>= D CD? E > 3 @ CDB X3 3
   

C@F>O E >CO K A

NI> D D=C G C>O

B CC O >

CF> D

> CF> D C>> BD >B ED D CD D CCK C@F>> > E > B E >B K C@F>O  1 ( KG> AO G C N E D>= D C N C@F>> 1 ED E B CCD?

1 >B
,

 

/ D D >BD KG> A> L G C N E D>= D C N ED




A
 

NI>
8 3

C@F>?
.48

8 3

H C> E > CD C > *= > BD<CD A L A NI> K D K X EDA G BK K < C>O E D>= D CK E D BBD? C E DI N O AO E DI C>O = AL A > EDAL=D L C@F>N $ 25 1 X > B ED= DAO EDA G L H C>O AD<CK A G O @D E D>= D C O K < O G = E F> ALCK C@F>> B KG> A C> E D>= D CD? X KG> A C> E D>= D CK > B D I AO C A> >G @DB > E > C D C>G CCDB G> A >B DALCK E B CCK C@F>O  1 C@ 3<( KG> AO G C N E D>= D C N 3 D ED O @ F>> 1 ED E B CCD?
   




>

 

H C> E >B

 

1 >B

 

0E A> L H C> E > C@F>O  1 B  


LN E D>= D C N C@F>? E >B CD C > I E D>= D C N   ( D=


 

 

C@F>> 1 ED E

1 >B
,

 

/ D D >BD C ? > E D>= D CK ED


 
8 3

BE
,


B


B A


NI>
,   

C@F>?
,

.48

, -

  

H C> E > CD C > C@F>O 9 1 ( L D D I CC O E D>= D C O C@F>> 1 ED E C@F>O 9 1( D= I > CF> A C@F>> 1
 

B CCD?



>

 

0E

A C>

L ? E D>= D CD?

C@F>? E >B

 

>

 

1 D>= D CK BCD DE

>G

@>

C@F>?

 1 > B E >B K EDA G C>O > C@F>> 1


CF> A > D D I CCD? E D>= D CD?

1 >B

 

1 L C D D >BD C ? > > CF> A D D I CC N E D>= D C N C@F>? 3 A C ? C@F>> C ? > L D ED O @ H C> E >B ED@ = CD C >
 

C@F>?
0

8 3 

@< 1 D>= D C N ED
 

>

 

1 >B

A>= F>>

C@F>> 9

_ \^\

1 D=

A C>  CCK  C>  @ D D >B >F


CCK 
,9 02,9 .,

   >EK

0 CD CKB> >E B> CCK @D D KB> DE > > B O AON O X G> AD K CCK X >B DALCK CCK X E> @> 3> AD K CCK BD K L F ADG> A CCKB> 390 07 F>DC ALCKB> I CCKB> #0, > @DBEA @ CKB> 425 0 1 > M DB G> A #,9 43, BD KLE A CK E D>= DALCKB D CD C> B >C D B >@ > K G> A> ALCD? C>@ G I D E >B CON O D>GC O D LB >GC O O >GC O > H C F >GC O > BK G> A C>O A E > CK E >B K G> A E G> A CCK >ED =A>GCK > B G> A C>O


 

A>F 0 D=C G C> >E G> A

 

>EK G> A
#,9 43, F>D

=A>GCK > B
#0,

G> A C>O

F ADG> A CCK
     -

390 07

C ALCK
 

I CCK

@DBEA @ CK

   

425 0

O >GC O > B G> A C>O D>GC O > B G> A C>O D LB >GC O > B G> A C>O 4 C F >G C O > B G> A C>O

         / 

       /

        
 




D G> A >= O > B

,9

02,9 .,

O >GCD? > B D CD C> B 3 D EDBDILN C@F>> A CCD O >GCD? D CD C> B 3


D I

AO

,80472  3(

X X

 3

G> AD E G> AD
 

1 >B
472 

1 > L G> A CD? > H C F H C> E >


 3(



>GCD? > B
 

    

D>GCD? D LB >G
  G> A C>O > EDAL= O C@F>N ,80

CD C >

>

 

D G> A

=A>GCK > BK G> A C>O



AO E D G> A >= > BK G> A C>O D CD C> B 3 O C@F>O 3))3


1 >B
 

O >GC N > EDAL

> H C> E >

O >GC N > B G> A C>O A NI> G> A


    

       

CD C >

  ,-0

>

 

D G> A

O >GC N > B G> A C>O

> B D CD > O @ @A > B >B DALCD? B B >@> @DBEL N CD? A K 1DM DB DC KEDACO B B >G @> ? >O C F AKB> G> A B> = ED HCD ? > D C>G C>? C = O CD L > B >G @> DE F>> C F>DC ALCKB> G> A B> DC KEDACO DAN CD DGCD @ C E > = AL  1 D BB E > B BB> O G> A      DC K A G> A @ D I B =C B C AN > KEDAC>A DE F>N D@ I C>O
,9 02,9 .,


   

CCK G> A 


I CCD G> AD D D> >= B C > K > ED O @ . C > D <> F A N > D C N G > ED O D@ E AO O @ @ E CL G> A 0C> BD >B L =A>GC N D B E A C>O > D >> >C D B F>> G D C =K N O G> A B> EA NI ? = EO D? DG@D? / E >B       
 2 A O G L B C > K D D CD? D AO O DG@D? B C > D ED O @ E D ADB >A> =C @DB BCD< C>O E D CD? B C > D? CDAL F AK BD<CD DE > L D > A>HL DG@ D AONI N F A N G L D D CD? D=BD<CK D BK E A C>O I CCK G> A ED@ = CK C > E> BCD< C>> G> A  C  0 > C>B C> C D G D E > E A C>> E D>= C>O > DB O AO O G> AD E A CCD F>D  
  >  
  D C ALCD? D B 9 D D JO CO O B G D I CCD G> AD  
 E D BB D E >C>B @ @ F>DC ALCD -N D F AD G> AD E > C A>G>> = A> ALCD? DG@> D E >C>B O > BD? @ @ I CCD G> AD ED A COO D@ E >B
 




>

 

A C> G> A

CCD? D B

AO E C@F>>
 (   3(

A C>O K < C>O

DB

CCD D G> A

> B >B N O

K < C> G> AD F> = AL / > ED@ = CK ED D K E


 

X X3

A C>O I

CCD D G> A

>

 

ED D K E

A C>O I

CCD D G> A


 

. @ >B ALCK > B>C>B ALCK G> A @D D KB> BD< DE > D L > B 9 > G> E >C>B N =C G C>O K K A BD<CD K > C M@ C EDBDILN @DB C , ,. 30:2-07
,9 02,9 .,      

 3,. 30:2-07

   ,DBEA @ CK G> A  ,DBEA @ CK G> A > B

,9 02,9 .,

>A>

#0 #0

= N O D I E >CO D? D B

.C>B O >C>F D AO O D BC>BD? G > @DBEA @ CD D G> A =C @DB BCD< C>O >A> E D ADB C@F>> #0 > 2 ED= DAON K A> L I CC N > BC>B N G > @DBEA @ CD D G> A C E >B

#0
 (

> B DALH>C


2
 (


,9

AG

02,9 .,

B B >G @> DE F>> @DBEA @ CKB> G> A B> KEDACON O @ < @ @ > I CCKB> G> A B>

    >B DALCK E >B DALCKB> E B CCKB> BD




K L D ALCK >B DAK , - . D@> K < C>O $ 3 ( , - )  4 ( 1 > = E> > B B >G @> DE F>? C K < C>OB> E >B CON O A NI> >C @ >G @> E >A X =C @ BCD< C>O BD<CD = B CO L E D ADB X B C K C@F>? E>H O @ CK @D @ X D CCK C@F>> C G>C N O = A CD? @ K X @ AK @D @> > EDAL= N O E > K A C>> G > B B >G @D D K < C>O
  X > CK @D @> > EDAL= N O E > = C>> E> @D 48     <(


B CCK 

1 > M DB CCKB> BD 1 >B K E> @D

    E> @>>B E> @DB C =K O D D@

ECD L CCK = @ANG CCK > CK @D @> K L G> A >B DALCK E B CCK K < C>O

> K

X X

 ,

 -

 . /

< 0<

E> D@ G> A E> D@ >B DALCK E B CCK



X X

$ 3 ( , - )

48

(


4 

(

%,3  5

) (< (  

>G @> K < C>? E> @> D B> N CCK C =K BK B > B> 0 CD D C KB B > DB O AO O @ D D C KB B >F BD >B D CD CK B B >G @> ? >O C E> @ B> A> A CD C>B C> @ D B > B >F B

E> D@ C@F>? E> D@ B B )<

  1 A C> >D @ D D >B >F


@ D

=D

C> 

> B >F E AON D D? DD CCD D CD D C K? > D C K? E> @> 9A B C B> @ D > B >FK BD K L I C CK > @DBEA @ CK G> A >B DALCK E B CCK C@F>> > < B B > G @> K < C>O / > E > CK @ D K > B >FK >= =A>GCK MA B C D


 

>

 

@ D K>B

>FK >= =A>GCK MA B C D

A C> @ D D > B >F A>GCDB > C@F>? %,- 0472 > ,97 472 >B NI> >
472

D=BD<CD EDBDILN

%,- 0472 1( :9 3( ,97

X 1 >BO @ D >A> B >FK X 3 CDB D@> @D D D? C D > O @ D >A> B >F



X  E >B CO O A G

A> C@F>O  ,97 472 E @ D >A> B >FK A>GCDB > EDA O A = B >F ? @ D >A> B >F BD<CD @< D= L EDBDILN C@F>> 89 @ D , - . < X 89 , - . ( D= B >F , - . < / 0 1 < << / > E > CK A>GCD? D B @ D 1 > B >FK 1 > D =D CCK EDBDILN C@F>? %,- 0472 > ,97 472
   

A C>O @ D DB D=
1

89 ,

. <

1 <

<(

>=

>

 

A C>

@ D D >B

>F

A>GCD? D B

    C F>O @ D D >B EDBDILN C@F>>#,3 0

>F

C@F>O #,3 0 E >B CO O AO D= C>O G> AD K E> @D > E A NI> > @ D G> AD K MA B C D >  X #,3 0 3 ( C >

AO O
 32
3

X #,3 0 3
32, <

32, <

2,

2 3

32, (

C >

@ D >= G> AD K MA B C D >



X #,3 0 3
32,

C > @ D G> AD K MA B C D D 3 /3( H DB /3 1 >B K A>= F>> C@F>> E > CK C >


2 3 2,


32

>

F>O @ D D

EDBDILN

C@F>> #,3 0

    C F>O @ D D >B EDBDILN C@F>?%,- 0

>F
,9 02,9 .,

D= C> E> @D >E @ D > B >FK > B M @ > CD EDBDILN C@F>> %,- 0 >B NI ? > X %,- 0 1 3 <( D= 3 M@= BEAO D K < C>O 1 X %,- 0 1  3 <( D= E> D@ C@F>? 1 E > >=B C C>> E B CCD? 3 D  D 3 X %,- 0 1 3 3 3 <( D= E> D@ C@F>? 1 E > >=B C C>> E B CCD? 3 D 3 D 3 X %,- 0 1 3 3 3 /3<( D= E> D@ C@F>? 1 E > >=B C C>> E B CCD? 3 D 3 D 3 H DB /3
2, 2, 2,

2,

2 3

2,

2 3

2,

2 3

2,

2 3

2,

>

F>O @ D D > B

>F EDBDILN

C@F>? %,- 0



O AO O AD< CCK? E> D@ ED E B CCD? 3 1 >B K C F>> E> @D E > CK C >

X %,- 0 1

3

32

32, <

3

32


32, < (

D @A>@DB

    K A C> > K D MA B C D  @ D >B >FK


,9 02,9 .,

> B >B D K D=BD<CD > K A C>O MA B C D @ D D > B >F EDAD< C> B > C M@ C BDC> D K A C> D I AO O EDBDILN A NI> ED D D X > EDAL=D C> D?CK @ CK @D D@ X E >B C C> C@F>> !,79 X E >B C C> C@F>> $0 0.9 BD >B M > ED D K > E > B E >B K

* EDAL=D C>
1 3((

M DB A G K < C> K AONI MA B C K @ D >A> B >FK E AO O >

D?CK @

CK @D D@

1 3 3 ((

X 1 >BO @ D >A> B >FK X 3 K AO BK? MA B C X 3 ? MA B C >= D D@ ECD > K AO BK MA B C D

1 >B
1 1 1 1   , 

 

) CK A NI> @ D K > B >F


   ,

/ D D >BD K A> L G K? MA B C @ D 1 MA B C D D? D@> > D D D DA F B >FK 1 D D? > >? MA B C K @ D 1 D D? MA B C E D? D@> > E K? MA B C L ? D@> B >FK 1 H C> E > CD C >

  < <   <   << -   .< $ 3 )( - <



>

K A C> MA B C D @ D D > B EDBDILN @ CK @D D@

>FK

K A C> MA B C D @ D > B >FK EDBDILN C@F>> !,79 C@F>O !,79 ED= DAO K A> L C DAL@D MA B C @ D >A> B >FK 0C D=BD<CD L K A> L MA B C >= AD<CD D K < C>O @D D D O AO O MA B C DB @ D >A> B >FK AO O A NI B > C@F>O !,79 E

!,79 1 3( !,79 1 3( <

X1 X3

>BO @ D ? MA B C @ D 1 >B DA 3 BD< K L EDAD<> ALCKB > D >F ALCKB A> 3 @DCF MA B C D @ D > D C G A @ D E > 3 A G K A C>O MA B C D B >FK C@F>O !,79 >B >

DD G

!,79 1 3 2( !,79 1 3 2( <

X3 X2

? MA B C D@> B >FK ? MA B C DA F B >FK



A G K A C>O MA B C D >= AD<CK MA B C D C@F>O !,79 E AO O A NI B >


!,79 1 3 2 (

@ D >A> B >FK

X1 X3 X2 X
1 >B

>BO CDB D CDB


 

@ D >A> B >FK MA B C @ D 1 CL K < C>O 2 A G @ D MA B C @ D >A> B >F


2

A G B >FK

CK @ D K 1 > 1 >= E >B / D D >BD K A> L >= @ D 1 MA B C K CDB B>    >




 *= @ D 1 K A> L G K? MA BC @< >  >= L D MA B C H C> E > CD C >
   

>

 

K A C> MA B C D

@D

EDBDILN

C@F>> !,79

,97 472 > %,- 0472

K D MA B C D

@ D D > B >F D I

AO O

EDBDILN

C@F>?
 

C@F>O ,97 %,- 0472

K D > B >F B >GCD? D B C@F>O A>FK =C>F M > D B K D > C C > C@F>> ,97 472 > %,- 0472 >B N DALHD G> AD DEF>? ED= DAONI> EDA L @ D K > B >FK C M@ C > EA O < A BD? D B > EDAL= BK DEF>> BD<CD K > C M@ C C C@F>> 59 438 ,97 472( > 59 438 %,- 0472( >
472



>

 

A C> E> @ MA B C D

> B

>FK >

A>FK

>

 

EDAD< C>

@ D D >B

>F < A BDB >


 

/ > ED@ = CD > EDAL=D C> DEF>? %,- 0 320398 > %,- 0$5,. ED= DAONI> EDAD<> L @ D > B >F C M@ C < A BDB > CDAD >O DG > C > D JO C C>? C

D  D E> @ B>  C>  @ D D >B >F E> @> E AON D D? AD<C N @ CCK > B ED= DAO D I AO L @DC DAL @ K CCK >=B CO L ED O D@ ED AD< C>O MA B C D D I AO L > A C> @ANG L CD K MA B C K AO A>= F>> M > E DF I DALHD G> AD D CCK C@F>? BD >B M > C@F>> > E > B E >B K A CD C>B C> A>B E> @ B >E @ D > B >F
,9

   

   D=

02,9 .,

    KO A C>  >A>B >FK

K

@ D

X '0.947" '( > , 80 A> C X ,97 " ( E D O O AO O A>  B >F ? > K %7:0 A> > , 80 A> C X 03 9 '( D= I G> AD MA B C D @ D ' X 03 9 ( D= I G> AD D@ B >FK  X 02-07" ' 3( E D O >B O A> @ D ' MA B C 3 A> D K %7:0 A> C , 80 X 700" ' 3( E D O >B A> @ D ' MA B C 3 A> D <> D K , 80 A> C %7:0 X 700"  3( E D O >B A> B >F  MA B C 3 A> D <> D K , 80 A> C %7:0 X  2038 438 '( D= I G> AD MA B C D @ D ' X  2038 438 ( D= I =B B >FK G> AD D@ > G> AD DA FD X !48 9 43 ' 3( D= I CDB ED=>F>? MA B C 3 @ D ' X 4:39 ' 3( D= I G> AD MA B C D @ D ' >B NI> =C G C> 3 C @ D ' A> ' O AO O C=D DB X %03847#,3 '( K C B >FK  A>  O AO O C=D DB X %03847#,3 ( K

AO KO A C>O

@ K @ D >A> B >FK A < A NI> C@F>> E D O O AO O A> ' @ D DB > K %7:0 A>



1 >B

 

C @ D '>B '     KO > L @ H C> E >

>F

  <    <

 2038 438 700 03 9 ,97

@ D > B >FK D EDAL=D H> L


 

CD C >

C@F>OB> 4:39 02-07 !48 9 43 '0.947 %03847#,3

  <

  <<

>

 

@ D >B

>FK



> B >B D K D=BD<CD > E D =D C>O > D= C>O CD K @ D D > B >F > E> @D AN D D D CO 9 D D > O E B KEDAC C>O A NI> DE F>? X A C> MA B C D X D A C> MA B C D X >=B C C> ED O @ EDAD< C>O MA B C D X @DB >C> D C> @ D D > B >F 9 > ? >O KEDACON O EDBDILN DALHD D G> A C@F>? 1 > B D CD CK >= C> X 745 ' 3( AO E K 3 MA B C D @ D ' X 745 '
3( AO ED A C> 3 MA B C D @ D ' X 745 ' 3<( AO 3 ? MA B C @ D ' X 745 ' 2 3<( AO MA B C K D 2 D D 3 D @ D ' X ,89 1( D= I ED A C>? MA B C @ D B >FK 1 X #089 '( D= I @ D ' D DH CCKB E KB MA B C DB X %, 0 ' 3( D= I @ D ' E KB> 3 MA B C B> X %, 0 '
3( D= I @ D ' ED A C>B> 3 MA B C B> X %, 0 ' 2 3<( D= I @ D ' CDB B> MA B C D D 2 D 3 X 5503/ ' ,( D AO MA B C , @DC F @ D ' X !70503/ '
,( D AO MA B C , C G AD @ D ' AO MA B C , ED=>F>N 3 D G DB >= C G A X 38079 ' , 3( @D ' AO MA B C , ED=>F>N 3 D G DB >= @DC X 38079 ' ,
3( F @D ' X 0 090 ' 3( AO MA B C 3 >= @ D ' AO >= X 0 090 1 3( 0 090 1 3( 0 090 1 3( < @ D B >FK 1 MA B C K 3 > D = CD N B >F
,9 02,9 .,



   1 D =D C> > D= @ D D >B >F

C> 

1 >B

 
 

C @ D ' > B >F  >= E >B / D D >BD D =D L CD K @ D > B >F E B A C>O > A>G C>O > MA B C D A D EDAL=D L O C@F>OB> 745 0 090 ,89 #089 %, 0 5503/ !70503/ 38079 H C> = G> E > CD C >
 



> 0 =D C> CD K @ D D > B >F E B >=B C C>O G> A MA B C D > D CK E> @D


 

0 =D C> CD K @ D D > B >F > B D=BD<CD @< E B >=B C C>O EDAD< C>O MA B C D @ D >A> B >FK AO M > F A ? > B >B A NI> C@F>> X  ,9903 ( D = @ D >= AN D D E> @ C E >B B >FK X  ,9903  3( D = @ D D@ 3 B >FK  CCDB ED O @ X $479 1( D > MA B C K @ D B >FK 1
,9 02,9 .,



X #0;0780 1( D= I @ D B >F 1 D AD< C>O MA B C D X #49,90 019 1( D= I MA B C K @ D B @ CD D ED D D A D X #49,90 019 1 3( D= I MA B C K @ D A D 3 @ CD D ED D D X #49,90# 9 1( D= I MA B C K @ D D CD@ CD D ED D D E D X #49,90# 9 1 3( D= I MA B C K @ D E D 3 @ CD D ED D D X %7,385480 ( B C D@ > DA FD B >FK

CDB ED O @ >FK
1

ED ED A ED A ED A

ED A D CD
1 1 1

B >FK B >FK B >FK

> D= C> CD K @ D D > B >F >=B C C> B ED O @ EDAD< C>O MA B C D


 



1 >B

'      <    <  <   <<

CK @ D ' > B >F

/ D D >BD D= L CD K @ D K > B >FK E B >=B C C>O ED O @ ED AD< C>O MA B C D @ D ' > B >FK  > EDAL= O A NI> C@F>>
 ,9903 $479 #0;0780 #49,90 %7,385480

H C> = G> E >

CD C >

 

   ,DB >C> D

,DB >C> D C> @ D D > B >F ED= DAO D= L CD K @ D K > B >FK D= L AD<CK @ K CCK KEDACO L DE F>> BCD< B> ,DB >C> D C> @ D D > B >F D I AO O EDBDILN A NI> C@F>? X &3 43 ( D= I CD K? @ D >A> B >F >= @D D D D A CK ED D ONI> O MA B C K AOO ED D ONI> O MA X &3 43 1 1 ( D J >CO 1 1 B C K @ D D > B >F >C N F EL @DC@ C F>O X 4 3 1 1 ( D J >CO 1 1 X 425 02039 1 1 ( D= I E> D@ 1 MA B C K @D D D D C D < O 1 1 X 390780.9 43 1 1 ( D= I ED O DG CCK? E> D@ MA B C D D I> AO E> @D

C> 

@ D D >B

>F

1 >B
' ' '   ,    ,

CK A NI>
      . < .<

/ D D >BD KEDAC> L @DB >C> D C> @ D D > B >F EDAL= O L C@ F>OB> &3 43 4 3 425 02039 390780.9 43 H C> E > CD C >
 

@ D K ' ' ' > B   <  < <   <  <<   <   <<

>FK 





>

 

,DB >C> D C>

@ D D >B

>F

    D=
,9

> B ? D= C> C@F>?

C> 

02,9 .,

ED= DAO D= L B > K CCK AN K =B CD @ D D > B >F D I AO O EDBDILN A NI>

@ D D >B

>F

77, 77, 77, 77,

1 3( 1 3 3 <( 1 ( 1 (

X X X

BD >B M > C@F>> > E > B E >B K D= @ D >= 3 MA B C D 1 ( 1 ( 1 3( 77, 1 3( D= @ D >= 3 MA B C D C G>C O 1 3( E > 77, 1 3 3( M DB 3 BD< K L G> ADB C@F> ? K < C> B D= B >F 3K3 >= MA B C D C@F>> 77, 1 3 3<(

1 3 3



D= @ D >= 3 MA B C D C G>C O 1 3 1 3  3 ( D C BB > 1 >B K D= C>O @ D D EDBDILN C@F>? 77, 1 3( 77, 1 3 CK C > 3 3<( 77, 1 3 3 ( E > 3( 77,: 1 > 0 > C>B C> C D G D M > C@F>> ED= DAON D I AO L BB> D C> > BCD< C> MA B C D @ D EDBDILN C@F>? ! :8 >
   

X 77,

% 208

>

 

77,

D= C>

@ D D > B >F EDBDILN 3( > 77, 1 3 3(

C@F>?

>

 

77,

=D C>

3

3<( > 77,

@ D D >B

>FK EDBDILN
1 3 3

C@F>?



  . B >G @> DE F>> C  @ D B>>B >F B>


   

. B >G @> DE F>> C @ D B> > B >F B> D I AON O @ < @ @ > C G> A B> = AL B> M > DE F>? O AON O @ D K > B >FK CD KB> =C G C>OB> MA B C D BD >B M > DE F>> C E >B

> B

>G

@> DE

F>>

1 >B
' '  

CK @ D K '

/ D D >BD X AD<> L KG L BCD<> L > = A> L @ D ' > B >F  C G> AD @ D ' > B >F  X D= > @ X >= A GL @ CK? @D CL >= @ D ' > B >FK   X KG> A> L 0'  '  H C> E > CD C > *= > > CD G D D A G O KEDACON O DE F>> MA B C B> @ D D > B >F @ @ D KGCKB> G> A B> A >B L > G D > B BD< KEDACO L @ < DE F>> >B DALCKB> E B CCKB> > < C@ F>OB>
 8 3  3  .48     

' > B      <    <   <   <   <   <

>FK 



  <<   <<

   .

@ D CK DE F>> BCD< C>O > D= C>O E CL > B D I AON O EDBDILN D CCK C@F>? G CD > @ D CD E D >= C> A>= O EDBDILN C@F>> 49 ' '( 0CD @< A>= O =C @DB BCD< C>O > DG@> ' ' >A>  
,9

>GCD  BCD< C> 

02,9 .,

1 >B

 


CK @ D ' ' > B >FK   >= E >B / D D >BD K EDAC> L DE F>> EDGA CCD D > B >GCD D BCD< C>O @ D D > B >F H C> E > CD C >
 



>

 

H C> E >B

. B >G @> DE F>> @ D B> > B >F B> KG> A C> DE A> AO E D =D C>O B >F D= C> E F> ALCK B >F > E KEDACON O > B EDBDILN D CCK C@F>?
,9 02,9 .,

   .  @ D

B >G B>>B

@> DE >F B>

F>>



>

 

H C> E >B

 

B>C C A CK? DE A> AL B >FK X 09 ( D= I X /039 9 ,97 ( D= I >C>GC N B >F B >F > D C ALCKB> MA B C B> CKB> > D ALCKB> C AOB> C EDC> D CC N B >F @D D D? D X %7,385480 ( D= I @> = B C CK DA F B> DA FK D@ B> @ N @D D O G> X 3;0780 ( D= I D C N B >F BCD< CCD? C > D C N >C>GC N B >F X %7 ( D= I A B >FK BB > DC ALCK MA B C D X 30,7$4 ;0  -( D= I @ D C >= CK B >GCD D C

BD >B D CD CK >= C>

X CK @ D D @ X  03;, :08 ( B >FK . X  03;0.9478 ( B >FK . X !80:/4 3;0780 (

C>O  C >= CK

 038 8902 (

B >F @DM >F> C D > BK C C>? @D @ D D D CK GA CD D= I E> D@ D CCK =C G C>? > D C CD? B >FK . D= I E> D@ D CCK =C G C>? @ CD?

D= I

E> D@ D

CCK

@DD @

CD?
 

>I E DD =C N B >F AO B >FK . E G> A CCK KH B >GCK DE F>> >AAN > N O C >



>

 

1 D

=D C> B

>F

_ \^\

. 

>G

@> 

C@F>>

. B >G @> C@F>> E >CO D @A > >F> D L C C@F>> MA B C CK E F> ALCK > C@F>> EDAL=D AO BD >B M > C@F>> ED D K > E A C>O > KG> A C>O

  9A B C CK  B B >G @>  C@F>>

, MA B C CKB C@F>OB E >CO D D CD > L A NI> X -8 ( KG> AO DAN CD =C G C> ? > ALCD D G> A > BD AL @DBEA @ CD D G> A X  5 ( KG> AO M@ EDC CF> ALC N C@F>N X 4 ( KG> AO AD > B G> A X 4 - ( KG> AO AD > B G> A D CD C> B X $679 ( KG> AO @ CK? @D CL G> A A> D >F ALCD A>  > A> X $ 3 ( D= I EDAD<> ALCD A> G> AD @DBEA @ CD D D= I D CDH C>
 

X $ 3 ( D= I >C G> A X $ 3 ( D= I >E DA>G @>? >C G> A X 7.$ 3 ( D= I D CK? >C G> A X 7.$ 3 ( D= I D CK? >E DA>G @>? >C G> A X 48 ( D= I @D >C G> A X 48 ( D= I >E DA>G @>? @D >C G> A X 7.48 ( D= I D CK? @D >C G> A

-8



X 7.48 ( D= I D CK? >E DA>G @>? >C G> A X %,3 ( D= I C C G> A X %,3 ( D= I >E DA>G @>? C C G> A X 7.%,3 ( D= I D CK? C C G> A X 7.%,3 ( D= I D CK? >E DA>G @>? C C G> A X 49 ( D= I @D C C G> A X 49 ( D= I >E DA>G @>? @D C C G> A X 7.49 ( D= I D CK? @D C C G> A X 7.49 ( D= I D CK? >E DA>G @>? @D C C G> A X $0. ( D= I @ C G> A X $0. ( D= I >E DA>G @>? @ C G> A X 7.$0. ( D= I D CK? @ C G> A X 7.$0. ( D= I D CK? >E DA>G @>? @ C G> A X 8. ( D= I @D @ C G> A X 8. ( D= I >E DA>G @>? @D @ C G> A X 7.8. ( D= I D CK? @D @ C G> A X 7.8. ( D= I D CK? >E DA>G @>? @D @ C G> A
I
   / ED C@F>>
$ 19


N D CD CK ED D KG> A C>O MA B C CK C@F>? C ED CCK KG> A C>O > E B E > D C>O B C G> A CCD D =C G C>O

CCD  KG> A C> 

1D M DB ED D KG> AO B O C@F>O D > O G> A CCKB =C G C> B BC > AO EDA G C>O = AL C <>B O @DB >C F>O @A >H 1 L C E >B C D D >BD KG> A> L =C G C> C@F>> K C ED CCD D KG> A C>O C@F>> >B L >  0 1 DF
3907

 5  (  

1D A C < >O @DB >C F>> @A >H

19

3907

C M@ C EDO > O D

A >B L > G D A> E > CCDB B C C@F>O >B DGCD =C G C> D DC KG> A C = >B DA DG@ @DCF G> A / E >B  5 ( 48 ! ( 4  5 ((
 


   1 > D C>  B C G> A CCD D=C G C>O
 4 (  

_


3

1 L C E >B C D D >BD KG> A> L =C G C> C@F>> K KG> A C>O C@F>> ED M DB ED D >B L > *=AD< CCK ED D K KG> A C>O MA B C CK >
 

1 DF

C@F>? E >

CK C

>

 

ED D K KG> A C>O MA B C

CK

C@F>?

0E> CCK ED D K O AON O C> G> A C>> AN K C@F>?

ALCKB> > BD E >B CO L O E > K

   E F> ALCK  B B >G @>  C@F>>

> B >B D CCK C@F>> KG> A C>O D D DC ALCK EDA>CDBD 3 KH - < C 9 B> C ;@D > 9 > C@F>> >B N > X  0- 8 0;% 3 ( KG> AO EDA>CDB 3 KH E D D D X  0- 8 0;& 3 ( KG> AO EDA>CDB 3 KH D D D D X 0 03/70! 3 ( KG> AO EDA>CDB - < C X 0 03/70! 3 2 ( KG> AO E > D >C CCK? EDA>CDB - < C
,9 02,9 .,

   0

D DC ALCK EDA>CDBK



X X X X X X X

0 03/70" 3 0 03/70" 3

( 2 (

KG> AO EDA>CDB 9 B> KG> AO EDA>CDB , :0770 3 ( KG> AO D D I CCK? EDA>CDB , :0770 3 2 ( KG> AO EDA>CDB C M 0 03-,:07 3 2 ( KG> AO EDA>CDB ;@D > ,.4- ! 3 , ( C@F>O E >CO K A NI> D D=C G C>O X 3 E CL EDA>CDB B C EDA>CDB X X 2 , - E B K EDA>CDB )C G C>O AN D D >= EDA>CDBD KG> AON O @ < @ @ > AN D? C@F>> C E >B MA B C CD? D > O C@F>O G> A CCKB> =C G C>OB> E C> B C > E B D > C <>B O @DB >C F>O @A >H H C>O
072 90 3
$ 19 3907

DDD D

KG> AO C@F>N - < C D D D D KG> AO E > D >C CC N C@F>N - < C (

1 >B

 

/ D D >BD KG> A> L =C G C>O EDA>CDBD G B> > ;@D > E >   , - CCDB A G C@F>> >B L >
0 03/70!   ( 072 90   ( ,.4- !     (

D? E C> - < C

H C> E > CD C > 1 > C D D >BD > BD<CD EDA G> L K < C> AN D D EDA>CDB 3 ? E C> AO M D D D DGCD > C@F>N @ = C> B E C> EDA>CDB 3 > C < L @A >H> H C>O AO EDA G C>O BCD< > C D A > EDAL=D L A> D C> C@F>> ED E B 3
 

1 >B

 

/ D D >BD EDA G> L K < C>O D D DC ALCK EDA>CDBD 3 KH E D D D D D I CCD D EDA>CDB > EDA>CDB C M 1DA>CDBK ED A G> L E > =C G C>O 3 EDA>CDB C M E B 2
   

>

 

KG> A C>

C@F>? - < C

9 B> > ;@D >

%,- 0  0- 8 0;% 3 ( 3   <( %,- 0 , :0770 3  ( 3   <( %,- 0 0 03-,:07 3  ( 3   <(

CHB AG

C@F>> D= I C>O EDA>CDBD

>B L >

A>= F>O C@F>? ED@ = C C > 0 D DC ALCK BCD DGA CK EDA =CD E AO L >G @DB > N C AO CD E A C> D EDA>CDB @ @ C@F>> = > OI ? D >B O M DB C E >B C> 3 > =C G C>? B C D
 

>@> E

1 >B


 

 

/ D D >BD E >L > >@D EDA>CDBK 3 KH ><C > E =DC >=B C C>O B C D 
 D  E > =C G C>O 3 AO D E G C>O C AO CD > > EDAL=D L =A>GCK >A> >@D CCDB A G >G @> C@F>> >B L A NI>? >

! 49  0- 8 0;%  (  0- 8 0;%  (  0- 8 0;%  (<


 < ! 49$9 0
 -84 :90,8 3  <( 430 % . 3088 (<(


! 49
 ! 49
 , < 0 < :0770 ! 49$9 03/70! ! 49$9  ( 0
  ( 0
 , :0770  -84 :90,8 0 03/70!  -84 :90,8 ( , :0770  3  <( 430 ( 0 03/70!  3  <( 430
   

A>= F>O C@F>? E >

CC >

(< % . 3088 (<( (< % . 3088 (<(

>

 

0 D DC ALCK EDA>CDBK 3 KH E > =A>GCK =C G C>O 3

>

! 49  0- 8 0;%  (  0- 8 0;%  (  0- 8 0;%  (<


 < ! 49$9 0
 -84 :90,8 3  <( 430 % . 3088 (<(    



>
 

 

>G @D E

A C>

C@F>> 3 KH


! 49 , :0770  ( , :0770  ( , :0770  (<
 < ! 49$9 0
 -84 :90,8 3  <( 430 % . 3088 (<(    


     

>

 

>G @D E

A C>

C@F>> -

! 49 0 03/70!  ( 0 03/70!  ( 0 03/70!  (<


 < ! 49$9 0
 -84 :90,8 3  <( 430 % . 3088 (<(    



     

>

 

>G @D E

A C>

C@F>> - < C

   *C ALCK ED@ = ALCK  > B ,9 02,9 ., >C ALCK ED@ = ALCK EDBDILN A NI> D CCK C@F>? X $ 3 390 7, ( >C ALCK? >C
$ 

C@F>> C@F>> KG> AON O

8 3 9 /9 
5 8 3 9 /9  9
9
B



X 48 390 7,

>C

ALCK? @D >C
 

.48 9 /9  .48 9 /9
9

X $ 3 390 7, ( >C X 48 390 7, ( >C X  5 390 7,  ( >C X  5 390 7,  3 ( >C X

ALCK? >C >E DA>G @>? ALCK? @D >C >E DA>G @>? ALC O ED@ = ALC O C@F>O ALC O ED@ = ALC O C@F>O


B 0
9

 3

/9

KG> AO B O B D DB =AD< C>O O E > G> A GA CD ALCK? AD > B 4 390 7, ( >C




CDB 3

/9  9

CDAD >O KG> A C>O >C ALCK C@F>? C AD >GC A C>O MA B C CK C@F>? 1 > B E >B K

3
CDAD >> KG>

1 >B

 

/ D D >BD KG> A> L >C ALCK C@F>> > E =DC D  D H


DB CKB  H C> C <CD EDA G> L A>GCD? D B H C> E > CD C >  *= >   > CD G D A> D C> KEDAC CD M E C G A EDA G CD H C> AO > DCDB >G @> > >E DA>G @> C@F>? = B AO >C
ALCK ED@ = ALCK > >C ALCD? DB >G @D? C@F>? 9 D D
I A CD A>HL F ALN D EDAD< C>O A>F C M@ C BDC> D A>GCD E A C> H C>? KEDAC CD EDBDILN C@F>> %,- 0472 E LE >B >C ALCK ED@ = ALCK C@F>> > >@D

1 >B

 

/ D D >BD E >L >C ALCK ED@ = ALCK C@F>> >


>@D > E =DC >=B C C>O B C 2 3 2,  AO DB >G @> > >
E DA>G @> C@F>? > 2 3 2,   AO D ALCK C@F>? F AO D E G C>O K D@D? C AO CD > C D D >BD > EDAL=D L =A>GCK >A> >@D H C> = G> E A CD C >  > 



>

A> D C> >C

ALCK ED@ =

ALCK

C@F>?

    BB
BB
C@F>O >B

C@F>O >
3  0
9 9 3
 /9

A> 3 F AD D BB
C@F>O D D< AO O @ D > ADB BB
C@F>O I AO F AK > D CK EDAD<> ALCK > D >F
ALCK I CCK > @DBEA @ CK G> A . B >G @> DC BD< K L

AC

A NI> >


3
 

3 3


  
   

3
 

3
 
5

 



! 49 $ 3 390 7, ( 48 390 7, ( $ 3 390 7, 48 390 7, (< < ! 49$9 0


 -84 :90,8 3  <( 430 % . 3088 ( % . 3088 (<(   
     

>

>@> >C

ALCK

DB

>G @> > >E

DA>G @>
(<

C@F>?

! 49  5 390 7,  (  5 390 7,   ( 4 390 7,  < ! 49$9 0


 -84 :90,8 3  <( % . 3088 ( % . 3088 (<(     


     

>

>@> AD

> B>G @D? > >C

ALCK ED@ =

ALCK

C@F>?



_
,9 02,9 .,

AO KG> A C>O BB C@F>> >B N O A NI> C@F>> X ,22, 3( M?A D BB C@F>O X ,22, , ( C EDAC O BB C@F>O C@F>O ( D D I CC O C EDAC O BB X ,22, ,

> B D CCK

X X

,22, ,

,22, ,

,22,#0 :,7 0/ , ( " , ( ,22, , ( ,22, ,( ,22,#0 :,7 " , (


" , ,22, ( 0/ , ( (

AO C O C EDAC O BB

C@F>O

D D I CC O C EDAC O BB

C@F>O

AD > B M?A D D? BB C@F>> > BB C@F>O ,22, ( C@F>> ,22, 3 ( 3 O E D>= D C O D BB CDAD >O KG> A C>O M > C@F>? D D CCD ? C >B DC @ O < @ @ > > C@F>? 1 > B E >B K

X 4 X !4 X !4

/ D D >BD KG> A> L X BB C@F>N I CCK G> A  


      X BB C@F>N @DBEA @ CK G> A   X AD > B BB C@F>> @DBEA @ CD D G> A   X > BB C@F>N @DBEA @ CD D G> A   X D N E D>= D C N D > BB C@F>> @DBEA @ CD D G> A   X AO C N C EDAC N BB C@F>N @DBEA @ CD D G> A   E >  X D D I CC N C EDAC N BB C@F>N G> A     E >  H C> E >B E > CD C > 0 >B C>B C> C A NI> D D CCD > KG> A C>O BB C@F>> >B DA @DBEA @ CD D G> A E AO O > = A CD? @ K E > > O =C @ BCD< C>O >A> E D A 2 AK M DB B < G> ADB > >B DADB G> A DA<CK = @ CG> L O DG@D? C = > >BD D > EDAD< C>O G> A BB C@F>O O AO O D DGCD AD<CD? C@F> ? G B BD<CD > L O ED >G @DB E A C>N 1 > B E >B

1 >B

 

 

>

 

= AL

H C>O E >B

 

/ D D >BD E
,22, 

1 >B

! 49 ,22,  ( ,22,  ( ,22, (<


 < ! 49$9 0
 -84 :90,8 3  <( 430 % . 3088 (<(

CCDB A G

( ,22,

>L > >@D A NI> C@F>> ,22,  ( >G @> >A> ( F AO C AO CD > > EDAL=D L C@F>O ! 49 >B L >

A>= F>O M D? C@F>> E >




CC >

 

1 >B

/ D D >BD E > L BB C@F>N > >@ C @DBEA @ CD? EAD @D > > E =DC >=B C C>O D D D D CCDB A G C@F>O ED D C>O @DC CD D >@ >B L >

   

4394:7! 49 -8 ,22,

A>= F>O E >

CC >

((

 <

 <(

 


! 49 ,22,  ( ,22,  ( ,22, (<
 < ! 49$9 0  -84 :90,8 3  <( 430 % . 3088 (<(   





>
 

BB

C@F>> E >B

4394:7! 49 -8 ,22,


 

 
>

((

 <

 <(

 
 

 
CK?

 
>@ BB


C@F>>

,DC


   

C@F>> I D > > B C@F>?

C@F>>

AO O AON O H C> B >




AO

CF> ALCD D

3 

C C>O A N
C@F>> KG> A C>O

??

,9 02,9 .,

C@F>O AO E D D D 3 ( BD > >F> D CC O C@F>O C@F>O AO D D D D 3 ( 3 ( BD > >F> D CC O C@F>O D CCK C@F>> KG> AON =C G C>O C@F>? 1 > M DB 3 O AO O I CCKB G> ADB BD< @DBEA @ CKB CDAD >O KG> A C>? DG > C 1 > B E >B K
3 (

X 0880 X 0880 X 0880 X 0880

AO

>B N O A NI>

D CCK

AO E D D D AO D D D D AO E > = CCK 3 > K L > I CCKB >

1 >B

/ D D >BD KG> A> L =C G C>O DB G> A > BD > >F> D CCK E CCDB A G F A DD =CD C =C G C>O 3 KEDAC> L A> D 1 D BB KG> A C>O C@F>?
%,%,%,%,0 0 0 0 3 3 3 3 0880 0880 0880 0880 3 3 3 3  (<  (<  (<  (< 3 3 3 3    

%,- 0472 (

AO EDA G C>O

H C>O

<( <( <( <(

C@F>? AO E D D > D D D D > 3        KG> AO L EO L = C@F>> E > =A>GCK C> C@F>? ED E B CCD? 3 >B L >

A>GCD?

DB

D EDAL= B O

C@F> ?

= AL K KG> A C>O C@F>? E >


 

CK C >  

1 >B

/ D D >BD KG> A> L =C G C>O C@F>? AO E > 3     >   CDAD >O KG> A C>O C@F>? AO E > @DBEA @ CDB B C D O E <C ? H C> E > CD C >   H C>O E A CK A>GCD? D B EDBDILN C@F>> %,- 0472 1 >B C@F>> AO E D D > D D D D > >@D E > =
A>GCK =C G C>O 3

>

 

KG> A C>

C@F>?

AO

1 >B

 

1 L C D D >BD E > L C@F>N AO E D D > D D D D > >@ > E =DC D D E > 3    AO ED KH C>O C AO CD > > EDAL=D L =A>GCK >A> AO @ > K



>

 

C@F>>

AO E > @DBEA @ CDB

BC

CCDB A G

C@F>> !

49

>B L >

! 49 0880  ( 0880  ( 0880 (< < ! 49$9 0


 -84 :90,8 3  <( 430 % . 3088 (<( ! 49 0880  ( 0880  ( 0880 (< < ! 49$9 0
 -84 :90,8 3  <( 430 % . 3088 (<(

A>= F>O M >

C@F>? ED@ = C C >   >  


! 49 0880  ( 0880  ( 0880 (< < ! 49$9 0
 -84 :90,8 3  <( 430 % . 3088 (<(    
  

>

 

>@>

C@F>?

AO E

DD D

! 49 0880  ( 0880  ( 0880 (< < ! 49$9 0


 -84 :90,8 3  <( 430 % . 3088 (<( 

   
>
 


>@> C@F>? AO


D DD D

   

X7 X7

> B C@F>>

C@F>>9? >
,9 02,9 .,

C@F>> 9? > D= I N A NI>


 

D CCK

( (

KG> AO KG> AO

C@F>N 9? > C@F>N 9? >


KG> AO E D>= D C N 
C@F>> 9? > KG> AO E D>= D C N 
C@F>> 9? > 0C> ED= DAON KG> AO L C@F>> 9? > > > E D>= D CK E > I > @DBEA @ CDB =C G C>O BC 1 > B E >B K KG> A C>O C@F>? 9? > > > >G @D E
( (

X  7  !7 20 X  7  !7 20

CCDB A C>

1 >B

 

/ D D >BD KG> A> L C@F>> 9? > > > E D>= D CK E >     CCDB A G KG> A C>O F A DD =CD KEDAC> L E B A> D C>O C@F>? 9? > > > E D>= D CK H C>O E > CK C >   A>GCD? DB

>

 

A>GCD E

A C>

C@F>? 9? > > > E D>= D CK

 

_
 

1 >B

/ D D >BD KG> A> L C@F>> 9? > > > E D>= D CK E > A NI> =C
G C>O @DBEA @ CD D B C  
   CCDB A G C@F>> 9? > KG> AON O E B E A C>O @DBEA @
CK BCD > @D
    7 7 7 7      !7 20  !7 20 
   <( 
   <(  
   <(  
   <(

A>= F>O M >

C@F>? ED@ = C C >  

>

 

C@F>> 9? > @DBEA @ CD D

BC

1 >B

 

/ D D >BD E > L C@F>> 9? > > D  , > K >=D => L =CK >AO 1 >B C@F>> ! 49 A NI B >

>@D

> E =DC

! 49  7  (  7  (<
< ! 49$9 0
 -84 :90,8 3  <( % . 3088 (<( ! 49  7  !7 20 (  7  !7 20 (<
< ! 49$9 0
 -84 :90,8 3  <( % . 3088 (<(

A>= F>O M >

C@F>? ED@ = C C >   >  

 

! 49  7  (  7  (< ! 49$9 0  -84 :90,8 3

<  <( % . 3088 (<(    




>

 

>@>

C@F>? 9? >

! 49  7  !7 20 (  7  !7 20 (<
< ! 49$9 0
 -84 :90,8 3  <( % . 3088 (<(   





>
 

>@> E D>= D CK

C@F>? 9? >

   
C@F>O M?A D >C A E

C@F>O E

AO O >


D D D
 9


A NI D >C




9 /9

0C >B

BCD D

> >C

ALCK E

A C>?

 

1 > E @ >G @> G A NI>B D =DB




C@F>O KG> AO O G = BB


C@F>N

X 09, X 09, X 09,


09, 09,

C@F>O I > B ,9 02,9 ., A NI> D CCK

( (
 

X 09,#0 : ,7 X 09,#0 : ,7
09,

(
09, 0/ ( 09, 0/

AO I CCK > @DBEA @ CK BCD


C@F>O > D CCK ? KG> AON O EDBDILN C@F>?
C@F>O C EDAC O
C@F>O
C@F>O ( D D I CC O C EDAC O

( (


AO >=D CC O C EDAC O
( (

C@F>O

C@F>O

AO >=D CC O D D I CC O

(
09,

CDAD >O KG> A C>O C DC C D A>G O D 1 > B E >B K

C@F>> > D CDAD >> KG> A C>O C

CCK C@F>? DG >


BD CCK C@F>?

>

 

KG> A C>

C@F>?

1 >B

 

/ D D >BD KG> A> L


C@F>N > NI> =C G C>O E B CCK

CCK

C@F>> E > A

X X

AO
C@F>>    (  AO D CCK C@F>?   KG> A C>O E > CK C >  
>G

(




  (<

  





   C@F>> > > C@F>>DH> D@

@> 

A C>?

0 CD CKB> E B B> > >G @> E A C>? O AON O C =C


G C> > E >O B > C >BB >O CCK > B ,9 02,9 ., >B DALHD G> AD D CCK C@F>? KG> A C>O E B D > >G @> E A C>? 0C> C D O O ED E @ 08.7 59 ;0$9,9 89 .8 E @ >B > $9,9 89 .8 0 I C> @ ED E @
$9,9 89 .8+ 08.7 59 ;0$9,9 89 .8+

0 CD CKB> C@F>OB> ED E @ 08.7 59 ;0$9,9 89 .8 O AON O C =C G C> CCK  X 0,3 ( KG> AO X 042097 .0,3 ( KG> AO DB >G @D C CCK  X ,7243 .0,3 ( KG> AO BDC>G @D C CCK  X 0397, 42039  7( D= I F C ALCK? BDB C CCK  ED
O@ 7 C D @ADC C> CCK  X 0,30; ,9 43 ( KG> AO X 0/ ,3 ( KG> AO B > C F C ALCD =C G C> CCK  X 0/ ,30; ,9 43 ( KG> AO DAN CD D @ADC C> CCK  D
@ADC C> D B > CK X $9,3/,7/0; ,9 43 ( KG> AO C CD D @ADC C> CCK  X #4490,3$ :,70 ( KG> AO C @ >G @D =C G C> CCK  C@ >G @D D @ADC C> CCK  X ',7 ,.0,9, ( KG> AO X $70 3088 ( KG> AO @DM >F> C >BB >> CCK  X ":,39 0  6( KG> AO 6
? @ C >AL CCK  X 390754 ,9 3 ":,39 0  6( KG> AO 6
? @ C >AL CCK  E >
B COO >C EDAOF>N CCK E DF KG> A C>? 0E A C> M > C@F>? BD<CD EDA G> L A> > KG> AO L AO A G O >B DALCK E B CCK >B O M DB C E >B D CCK C@F>> DH> D@ C D O O O > BK ,9 02,9 ., 0C> >B
N > X 71 ( C@F>O DH> D@ >C A DO CD > X 71 ( D D I CC O C@F>O DH> D@ 71 (
71 (

X 71. ( DEDAC> ALC O C@F>O DH> D@ 


71 ( X 71 ( BC>BD =C G C> C@F>> DH> D@ 71 ( X 3;078071 ( >C C O C@F>O DH> D@ X 3;078071 ( >C C O DEDAC> ALC O C@F>O DH> D@
1 > B E >B K KG> A C>O C@F>? DH> D@
1 >B
 

C@F>?

> >G @>

A C>? >

1 L CCK O AON O >B DALCKB> E B CCKB> E A CCKB> > @ D 1 , - . / 0< / D D >BD KG> A> L C =C G C> CCK DB >G @D C BDC>G @D C C@ >G @D D @AD
C C> C CD D @ADC C> DD NI> D CCK C@F>> CCDB A G >B N >
0,3 , - . / 0<( 042097 .0,3 , - . / 0<( ,7243 .0,3 , - . / 0<( #4490,3$6:,70 , - . / 0<( $9,3/,7/0; ,9 43 , - . / 0<(

H C> E >B E > CD C >   / >   E A CK D B AK ED @D D KB KG> AON O EO L ED@ = A ? > >G @> E A C>? 0 ALCK ED@ = A> C E > D O O > DALHD D =B D B A 1DAL=D AL E > C D D >BD > BD< > EDA
G> L BD DO ALCD
1 >B

 

CCK E


A CK


>G @> E A C>? H C> E >B E > CD C >


 

 

>

< /

A NI D E> @       D D >BD KG> A> L ED@ = A>


 

 

>

1 >B

/ D D >BD KG> A> L C@F>> DH> D@ 71 ( 71 ( 71. ( D D  H DB  H C> E >L 3;078071 ( E > =C G C>O > A>FK CCDB A G C D D >BD KEDAC> L A> D C> E G> A CCK C@
F>? EDBDILN D CD? C@F>> %,- 0 H C> E > CD C >  

>

 

1DA G C>

D B A

> >G @>

A C>?

>

 

L  >=  1

> >G @>

A C>?

CCK E >B

 

>

 

L  >= 

>

 

KG> A C>

C@F>? DH> D@

 

1 >B

 

/ D D >BD KG> A> L C@F>> DH> D@ 71 ( 71. ( 3;078071 E >L> > DG GCK >@D > E =DC >=B C C>O D H DB  H C> EDA G> L C D CDB > C@ CCDB A G E DC G ALCD C D D >BD KEDAC> L A> D C> F>? = B ED D> L BCD D C@F>DC ALCK? >@ EDBDILN >G C@F>> : 9 5 0 89! 49 @D D O C D > O E@ H> 1 D BB
7,5 .8

> D

C@
@D? C>O

H C>O = G> >

A>= F>O ED@ = CK C >  

7,5 %,%,%,: 9 5

.8+: 9 5 0 89! 49+ 0 71 (<  <( 0 71. (<  <( 0 3;078071 (<  <( 0 89! 49   ( 

    
>G @D E


A C>

>

 

C@F>? DH> D@

*= E > CCK E >B D > CD G D E DF K KG> A C>O > >G @> @ > >@ > @ANG> ALCD E D K , DB D D DC> ED= DAON EDAL=D AN EDA G> L G CK D B AK ED @D D KB O G K 9D I = > AL D K D@D? >C AA @ ALCD > > BK

,9 02,9 .,

  

C@F>> C

F>> A G ?CK G>

A

0 =D C> A G ?CK G> A ED G>C CCK DE A CCDB = @DC E A C>O A G ?CK A>G>C C D D >BD E > > >G @> B D BD A> D C>O

 
,9 02,9 .,

> B >B C D A G ?CK G> A 0 I C> @ C D D I AO O EDBDILN D CCK C@F>? #,3/42 > $00/#,3/42 C@F>> >B N A NI>? > > C =C G C> X #,3/42 ( C > E D A G ?CD ? > ALCD G> AD >= >C A E A CCD ED CD B ALCDB = @DC X #,3/42 % ( C > E D A G ?CD G> AD >E % >= > E =DC >E B> G> A BD K L F AK 390 07 ? > ALCK #0, > @DB EA @ CK 425 0 1D BDAG C>N >C A C > BK G> A ) L >C A C > D C>O G> A BD<CD E > C@F>N D CDB >= A NI> > D C F>O A G ?CK G> A >= > E =DC N #,3/42 % 2, ( 2, C F>O A G ?CK G> A >= > E =DC <( N #,3/42 % 2 3 2,




X $00/#,3/42 3( B O 3 = C G ALCD X $00/#,3/42 (




C A> C D C G ALCD D DOC> E >C> G> AD C A> C D C G ALCD D DOC> E >C> B O = C G ALCD =C G C> @ I BO EDBDILN C@F>> #,3/42 ( BD<CD C > D L BCD< D G> A >= > E =DC E A CCK ED CD B ALCDB = @DC AO M D D C D D >BD A> D L C@F>N #,3/42 ( C@F>O %,- 0 E > M DB >B >

2 3

2,

%,- 0 3

3 #,3/42 (< 3 

2,

<(


G> AD ED D C>? C@F>> #,3/42 D


 


2,

1 >B

/ D D >BD EDA G> L A G ?CK G> A >= > E =DC ED CD B ALCDB = @DC CCDB A G C@F>O C F>> G> A >B L >
%,- 0 3 #,3/42 (< 3   <(

A CCK

H C> E >B
1 >B
 

E>

CD C >

 

>E

A CD

DB

A>FK

/ D D >BD C > D L A G ?CK F AK G> A >= > E =DC CCDB A G E D BB C F>> F AK G> A >B L >


%,- 0 3 #,3/42 390 07  (< 3   <(

A>= F>O E D BBK ED@ = C C > DB


 

H C> EDA G CD

A>GCD?

 

>

 

F>O  A G ?CK G> A >= > E =DC 

>

 

F>O A G ?CK F AK G> A >= > E =DC 

1 >B
 

 


/ D D >BD C > D L A G ?CK ? > ALCK G> A >= > E =DC H C> E >L A>GCD? D B CCDB A G E D BB C F>> G> A >B >
%,- 0 3 #,3/42 #0,   <(< 3   <(

A>= F>O E D BBK E >


1 >B
 


C C >

 

/ D D >BD C > D L > L D B A>FK


A G ?CK @DBEA @ CK G> A

H C> E

 

1 D BB

%,- 0 3 #,3/42 425 0 (< 3   <(

C F>> A G ?CK @DBEA @ CK G> A >B C C >


 

>

A>= F>O E >

>

 

F>O A G ?CK

> ALCK G> A >= > E =DC  

>

 

F>O A G ?CK @DBEA @ CK G> A

  9AA>E >G

@> >C

AK>

C@F>>

> B MAA>E >G @> >C


,9

02,9 .,

X X

59 . 2( 59 . 2(

>B DALHD G> AD D CCK C@F>? KG> A C>O AD > >C ALCK C@F>? 1 > B D CD CK >= C> EDACK? MAA>E >G @>? >C A2 EDACK? MAA>E >G @>? >C AE D D D 2

 

CDAD >O KG> A C>O MAA>E >G @> >C D A>G O D KG> A C>O > C@F>?
1 >B
 

X  59 . ! 2( EDACK? MAA>E >G @>? >C A D D D D X  59 .! 3 ! 2( MAA>E >G @>? >C A L D D X  59 . ! 2( MAA>E >G @>? >C A E D D D X  59 .! 3 2( EDACK? MAA>E >G @>? >C A C@F>O E > 6( MAA>E >G @ O X  59 .% 09, X  59 .% 09, 3 2( MAA>E >G @ O C@F>O / >AA  3 2 X  59 .% 09, 3 2( MAA>E >G @ O C@F>O / >AA  3 2 X  59 .% 09, 3 2( MAA>E >G @ O C@F>O / >AA  3 2 >C A C AO  X 70830  >C A C AO $ X 70830 $ X ,.4- 09, ! 2( = C@F>O ;@D > X 0 7897,88! : 6 6( MAA>E >G @ O C@F>O ? H

    

AD > >C ALCK C@F>? C BD CCK C B> C AK E D D DDD >

/ D D >BD KG> A> L L D D E > 2  H C>O E > CK C >


MAA>E >G @> >C


 

>

 

KG> A C> MAA>E >G @> >C

AD

 

_
 

1 >B

/ D D >BD KG> A> L C@F>N E > X MAA>E >G @ N X >C AK C AO  > $ E > E >2 X MAA>E >G @ N C@F>N ? H

    

 

6   6   6  

       

>

 

A>GCD E

A C> MAA>E >G @>

C@F>? E >B

 

H C>O E >L > A>F E B 1 DF K KG> A C>? > = AL K E >

A> D C>O C@F>? CK C >


 

    E F> ALCK G> A >EDA>CDBK

> B >B D CCK C@F>> AO KG> A C>O O ALCK G> A > EDA>CDBD 1 > B D CD CK >= C> X  342 , 3 ( >CDB> ALCK? @DM >F> C X 0734:  3( 3 G> AD C AA> X 0734: 3 ( EDA>CDB C AA> 3 ? E C>
,9 02,9 .,

E F>

>

 

E F> ALCK G> A > EDA>CDBK

X : 07 3( 3 G> AD 9?A X : 07 3 ( EDA>CDB 9?A 3 ? E C> X  -43,.. 3( 3 G> AD > DC GG> X  -43,.. 3 ( EDA>CDB 3 ? E C> > DC GG> X $9 7 3 $ 3 2( G> AD > A>C E D D D X $9 7 3 $ 3 2( G> AD > A>C D D D D X  . 4942 . 3 ( F>@A>G @>? EDA>CDB ED O @ 3 X 40- :8: 3( =C G C> C@F>> . > X 09, ( = C@F>O >B C X 09, ,( D D I CC O = C@F>O >B C

1 >B

 

/ D D >BD KG> A> L E F> ALCK G> A > EDA>CDBK E > E D>= DALCK =C G C>O 3 2 , H C>O E > CK C >
 

  *C
*C

ALCK E

=D

C>O

ALCK E D =D C>O C D O H> D@D E >B C C> E > H C>> > CF> ALCK C C>? KG> A C>> E ALCK =C G C>? C@F>> 1 > A D C>> >C B>@> > B E A C>O > B B D D D D A <> C>O > D BCD > > C>G @> > C GCK = G / > DA EDE AO CKB> O AON O E D =D C>O - EA L > E D =D C>


   1

=D

C> - EA

1 D

=D C> - EA

C@F>> 1
1

>B
B
B

>
0
8 /
@D D D? C D D >BD C ? > C> - EA >B
 

<
O

1
A> >

C@F>O E B C DB

=D

C> - EA BO

C@F>> O AO

DE

=D

1 9 <

1 9 0
89 /9

 


1DA G>B E 1 L D =D C> - EA AO C @D D K E D K C@F>?

1 9 , 1 9  0
,9 1 9

8 3
B

C D CD

C>>   >B

, 0
,9 9


B

,0
89 /9 

, 8


 
B

0
,9 0
89 /9 

8 ,


8 3

8 3

9 0
89 /9 

=D

C> - EA

E D>= D CD? 3
D ED O @ >B
3

>

9
3

/9

8

=C G C> =D

E D>= D CD? E > >C A >B


9


>

C> - EA

1 9 /9

1
8

O A

EDBDILN E D =D = G O= CCK NI> E ALCK

C>O - EA BD<CD I DE A C> B E AD D BK


9

CCD E D > L H C> C@F>> AO M D D A <

2 2

1 9 1 9

 

81 8 8
 

2 81

@C> > E DGC>@ E > D O O E D =D C>O - EA 9 > = AL K A @D EDA G> L EDBDILN > B @DBELN 1 D =D C> - EA = G> 0 C @D DCD C <C EDAL=D AN ED= DAO C D? D A

BCD > CD? A

C@F>? K

C> ALCD E D D EDA G> L H C> > C = > >BD? E B CCD? @D D O

AO EDA G C>O H C>O C <CD? D A > C E >B B CCD? C D D >BD C ? > D > >C A EDA G CCD? C@F>> AO M D? F A> > A <> D CD E D
=D C> - EA


0 CD E D =D C> - EA
1 9
>B >

_

 


 

/ /

 8 0 89 /8
C>? B

I N A>FK D CK E D =D E > C A>G>> C> ALCK E D BBCK D I L O @ C>B C C D D >BD > > > @DBD? C@F>>

=A>GCK C@F>? 0 C @D >B DALCD? B B >@> ,9 02,9 ., C ? D > >C A

1 D =D C> - EA C > DA G D > EDAL= O E > H C>> > B > CF> ALCK C C>? ,DBELN CK CDAD >> H C>O > B A>C ?CK > CF> ALCK C C>? EDBDILN E D =D C>O - EA E > D O O 

*C ALCK EDBDILN A

X ,5 ,.0%7,381472 1 9 8( D= I E OBD E D =D A C@F>> 1 > CD D? C@F>> 1 8 X 3;0780 ,5 ,.0%7,381472 1 8 9( D= I E D C@F>> 1 8 C@F>N 1 9 D CD E D =D C> - EA X ,5 ,.0%7,381472 1 9 9 9 9 X
(
   

E D NI>

=D

C>O - EA > D CCK C@F>?

,9 02,9 .,

A>= N

C> - E
=D C>

D= I > CD D?

E OBD E D =D C> C@F>> 1 8 8

- EA

C@F>>

8 1 9 9 1 8

8 9 9 8

3;0780 ,5 ,.0%7,381472 1 8 D= I D CD E ( C@F>N 1 9 9


B CCK

8
D


=D

8

8


C@F>>

C> - EA

*B C E

8 > 9 BD

D D=C G

L O AN KB>

>B> >B DA B>

CDAD >O A>= F>> E D =D C>? - EA DG > C / D D >BD DAL@D EDBC> L G D C@F>> E D =D C>O - EA C D O O ED E @ AO A G O > EDAL=D C>O > BK ,5 ,.0%7,381472 E @ , .: :8 ,9 02,9 ., >?   1 > B E >B KD =D C>O E D =D C>? - EA

1 >B
1

 
> L E D =D


C>O - EA

NI>

C@F>>

 ,  8 3,
9

.48 , 9  9   9

9
 9

 


39

9
E

90 9 (
> L > @ D

=D

C> - EA CD C

C@F>? >  

H C> E >

>
0

 

1 D
= AL

=D C> - EA
K B E HCD K A AD >

C@F>? E >B
H>A E N> E > @D D DB =

 

>B EDA G CCK

*= >   > CD G D > M DB D D D? = G DC H C D D

D N= G BD<

G> 1 > K L

I  >A>  A> C@F>O $ 3 ,( D= >F ALCK? CK? C AN >A> EDAD<> ALCK? =D C> - EA E > 

B C DD CCD D@D? C>< ED@ = CD E

 
1 D =D C> - EA D C@F>> =D C>O


_
O CDB > C@F>?



>

C EDA G CD AO EDA G C>O D

@< C EDA G CK E I @DC CCK C

: 07

G>

A E >HAD L > EDAL=D L C@F>N  ( / EDBC>B G D CD?   ,22, O AO O ED DOCCD? 9?A

1 >B
/ D
 

 
D =D =D C> - EA C>O KEDAC CK C@F>? >= E >B
CD > DD N

D >BD EDA G> L D CD E > L O DB G D E D D > >C A B H C> E > CD C >  

>
*= >

 

CK E D

=D C>O - EA
D D

C@F>? E >B
CD E D =D

 
C> O CDB

>   > CD G D C EDA G CD

D CDB >= E >B

1 >B

 
D =D
.

1DA G> L E

X X

C> - EA CD KB> E

NI>

C@F>?

1 9 1 9

98 3
.

B CCKB>

8 8

CD KB> E CD C

B CCKB>

8 8 8

H C> E >

>  

 

>

 

1 D

=D C> - EA

C@F>? E >B

 

   
E
*C A ALCK NI>

=D

C> 
> B ,9 02,9 .,

X %7,381472 1 3 ( E AONI D D? X 3;0780 %7,381472 1


1

D D CCK

=D C>O C@F>?

A>= N C> D K =D

EDBDILN

D= I C@F>N 1

D CD

=D

< C>O C>

1 3
C@F>>

3(

>

 

=D C>

C@F>? E >B

 

 
D CDAD >O
E D =D C>? DG > C DC C D A>G =D C>O - EA 1 > B E >B K O D

_
CDAD >> E

1 >B
/ D

 
=D L E OBD
8 3
E

,3 0
,3

D >BD D
8 3

=D

C>

NI>

C@F>?

90 9

,3

1 D =D

> L D C>O >

D CD C C>O CD C

L = AL = AL D >  

D E B D > D CKB>

=D C>O D C@F>OB>

CD D

H C> E >

*= >   > CD G D
E D =D C>O C@F>? EDA G CK CD 0 C @D C @D D K C@F>> D CD D
E D =D C>O C D E N > D CKB> A>= F>> 1 >HAD L > EDAL=D L C@F>N E DI C>O : $ 25 1 ED A @D D D? D E C> EDACD

   1

=D

C> 

L 

X X X
1

> =

B ,9 02,9 ., >B D > C AD DALHD G> AD E @ ALCK? C A>= > C AD @>? >C

K D=BD<CD > E @ ALCD D C A>= > >C


D CCK C@F>? ED= DAON D I AO L

BDC>G >AL

= > C AD

F>N > C AD

9 > C@F>> >B BK A B > L DB A G A> G> AL A D >G @>B> D CD B> E @ ALCD D C A>= @ @ @ M > D CD K = L C >=A N O D BK E > B A>HL C@F>> @D D K D I AON E OBD > D CD E D =D C>O L D =D C>O NI> C@F>? L KEDACON O > B
,9 02,9 .,

EDBDILN E OBD D E B D = E

A
D

X 4:7 07%7,381472  9 9 =D C>O L C@F>>  9 X 3;07804:7 07%7,381472 


CD D E B 9 D =D C>O L

D= I A CCD? G

= AL =E I

< C>O

9( 
D= D=


D= E

= AL A CCD D G

X 4:7 07$ 3%7,381472  9 9 ( E D =D C>O L C@F>>  9 E X 4:7 0748%7,381472  9 9 ( DE D =D C>O L C@F>>  9 E X 4:7 07%7,381472  9 9 <
 

I = AL A CCD D G =E

>C B

CD D CD

I = AL @D >C A CCD D G =E B


= AL E OBD D E A CCD D G =E

D B

=D C>O K  

C@F>>

<(  9  9

D=

I E

 

X
1 >

3;07804:7 07%7,381472 
I E

<

9
L

9

= AL D CD D E D A CCD D G =E B K EDA G C>O E D =D

=D C>O K 9 9 C>? L

C@F>>

<(  

D=

B E >B

1 >B

 

/ D D >BD EDA G> L E OBD > D C@F>?


 9  9  9

CD E D

=D C>O

L A NI>

 90 ,9  9  .48 -9  9 8 3
,9 9 9 

 9 9 

 .48

>

 

1 D

=D C>

C@F>? E >B

 

 

A > EDAL=D L E > CCK KH C@F>> >ALCD L = AL D H C> E A CD C > *= > > CD G D E D =D C>O KEDAC CK CD =D C>O L D E N > D CKB> C@F>OB> ED D@ = AL D D CD > H C>O E >B C C
   

L >E D > LE

: $ 25

@ D CK E D A C B E >B AO C@F>O E DI C>O

_ \^\


G

H C>  DE >B>= F>DCCK =

H C> DE >B>= F>DCCK = G D CD >= C > DA E @ >GCK E >AD< C>? B B >G @> G D )C G>BD L = G DE >B>= F>> ED D >A DALHD @DA>G D =A>GCK B B >G @> B D D D=BD<CD > > BK = L LB D C>G CK D N D CCK C@F>> A>= F>> BCD > >= M > B D D 0 C @D A >B L > G D > B >B DALH> D=BD< CD > A>= F>> AN K B D D E B E D BB> D C>O C O=K@ DA D D >B O D=BD<CD L H L = G> DE >B>= F>> C A> >G @DB > D=BD<CD > > BK H L = G> DE >B>= F>> EDBDILN D CCK C@F>? D C>G> N O D CD CDB A NI>B> A G OB> ED> @ B @ >B ALCD D > B>C>B ALCD D G> A >= BCD< G> A E A CCK > @ D D >A> B >F DE A C> AD@ ALCD D B>C>B B >A> B @ >B B C A> >G @D? C@F>> DE A C> AD ALCD D B>C>B B >A> B @ >B B C A> >G @D? C@ F>> G CD > H C> DE >B>= F>DCCK = G A>C ?CD D E D BB> D C>O *=AD<>B M > B D K > E > B E >B K

,9 02,9 .,

,9 02,9 .,

,9 02,9 .,

X X X

 1D> @B>C>B ALCD D >B @ >B ALCD DG> A  E


)

GC G>

A

G ED> @ B>C>B ALCD D >A> B @ >B ALCD D G> A D B A> O A NI>B D =DB CK G> A E A CCK > @ D >A> B >FK C ? > B>C>B ALCD > B @ >B ALCD G> A / E K? = AO @ < O G D M = G A>H@DB E D > DALHD D BK A C >B /D M D DAL@D @ < O ,DC GCD > @ L B>C>B ALCD >A> B @ >B AL

CD G> A >= B ? G> A BK A C @ H C> DG > CD B @ >B ALCKB O AO O G> AD B>C>B ALCKB A> = CK F>DC ALCK G> A C E >B > >A> >
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

,9 02,9 .,

                  3   8 3   .48   

X X X X

  
1


$ 19 3907

1 >B
<

L C D D >BD DE @D   

 

<

A> L B @ >B ALCK > B>C>B ALCK =C G C>O G> A      


 ( > B >FK 

H C> E > CD C 1 > B E >B @D

> G> A =

 <<

CK

F>DC ALCD? D B >

>

C@F>?

1 >B

1 L C D D >BD DE A> L B @ >B ALCK > B>C>B ALCK G> A E A CCK > A NI> @ D D
           ( $ 3  $ 3  $ 3  $ 3   $ 3 ( 0
 0
    $ 3  48  (

H C> E >

CD C

>

>

0E

A C> B @ >B ALCK > B>C>B ALCK G> A @ D > B >FK

>

H C> = G E >B



*= > > CD G D > B K A > @DBK G> A F>DC ALCD? D B @D D D? DC> > KA> = CK > @D A G D DD @D > B K A B @ >B ALCD G> AD > $ 3 ( 0C C KG> A>A =C G C> >C @ BC = C > F AD D G> A E > @D D DB DGCD =C G C> >C C I 1 > DE A C>> > @DBK G> A L D @D > B K A H C> G> A CCDB > @ B C K C@F>? E A CK I CCD? D B 0 C @D E > M DB MA B C K @ D DD NI> EDA G CCKB =C G C>OB > @DBK G> A C B C >= CK 1 >HAD L E > L MA B C K @ D > G> A EDBDILN C@F>>  1( E L > CD G D B @ >B ALCKB O AO O MA B C
 B>C>B ALCKB 

 ,A >G @>?B D DE M@ B B  C A> >G @D?

A C>O C@F>>

DG@ M@ B B B @ >B B >A> B>C>B B E D>= D C O C@F>> C C AN D @DD >C BD<CD C ? > A> H> L C C> ? 1D > M D =C G C> > D C N C@F>N EDA G>B @DD >C K DG@> B @ >B B B>C>B B ,DBELN C O CDAD >O H C>O = G> D K @ C>O M@ B B C@F>> M >B >F>DCCKB B D DB EDBDILN > BK D D> K EDAC C>> A NI> E DF ED D C> >@ C@F>> F ALN CD A C>O C A>G>O M@ B BD C@F>> > CD A C>O E > A>< CCD D =C G C>O @DD >C DG @ M@ B B DE A C> E D>= D CD? ? EDBDILN D CCD? C@F>>  1 (

,9 02,9 .,

EDBDILN D CD? A C> I CCK @D C ? C C>O ?  >= C@F>? > BK KG> A C> =C G C>? C@F>> E > =C G C>O BCD CK @D COB C C>O 9 B D >@ D DGCD E D > DG > C 0 C @D E > E @ >G @D? A>= F>> BD D=C>@C L CD > DE A C> B @D C ? C C>O ? ) L D=BD<CK A G > @D > B H C C>  > K @D C> K DAL@D D >C >= C @DAL@> @D C ? >A> D C H C C> AD<CD > D=C>@ N A G O @D C C> ?  O AO O C F C C CKB BD >B CDAD >N DE A C>O M@ B BD C A> >G @D? C@F>> C E >B

X X DE X

,9 02,9 .,



1 >B
0E

A> L @DD >C K M@


1

B ALCK


3> AD M@ >= D CD? H C> =

B ALCK DG @ DE A> L ED > >@ C@F>> @D C> E D KG> A> L EDBDILN C@F>> $4 ;0 1 ( G> E > CD C >

3 

DG @


C@F>>

 



  

>

H C> E >B

*= > > CD G D C@F>O >B B @ >B B > B>C>B B 1 > M DB > B EDBDILN C@F>> $4 ;0 1 F> K DG @ M@ B B ( C HA DE A> @D CO C C>O 1 ?  = D C @DB C



    (
1 >B


KG> A> =C G C>O C@F>> B D DB ED >C K M@ B ALCK DG @ B @ >B B

CD @> EDA G>B A

   (
DG @

NI> @DD B>C>B B

/ D D >BD DE H C> E >

A> L @DD >C K M@


1


 
 

B ALCK





C@F>>

CD C

>

1 )
 )
 )  ! 49 1
 <(

) 



 

 
 
 
 





 1 (

 

   

 <
  <<

$4 ;0 (

  <

< 1

     1


  1
    1
  
 
>


0E

A C> @DD >C

DG @ M@

BB

C@F>> E >B


*= >  > CD G D @ @ > E K I B E >B C@F>O $4 ;0 1 ( CCD D
DE A>A @D C> C C>O 1 ?  D CD? @DB C D? I A G> KG> A C> @DD >C M@ B ALCK DG @ @> A G O C C D
D >BD > D> L >@ > D CD? C@F>> 1 = DAL@D AO @DC DAO E >ALCD > DE A C>O @DD >C M@ B ALCK DG @ C F C C CKB
DALH>C A G C C> 1 ?  O AO O @> A G O C@F>O $4 ;0 1+ = C?> @D C>
( C BD< C C>O 1 > D > O E >B CO L >CK C@F>> H C>O C C>? NI> = C>O A>=A < I D =C G C>O >A> < D A > >=DAOF>> @D CO BD >B @> E >B K

1 >B

/ D D >BD DE

A> L @DD >C K M@


1

B BD


C@F>>

 b

H C> E > CD C >  CCDB A G DE A> L @D C>




  4 ( 1 


C C>O

 4 ( 

EDBDILN C@F>> $4 ;0 @ CD D E >B C C>O CD =C G C> A>=> M@ >G @> > C F C C

A CK EDBDILN ( C D=BD<CD ,D C> DE C@F>>  3/#449 G> A C


<( B B 3> A CCK B D K DE A C>O @D C ? A
CK C C>? >=AD< CK A

  0E

A C> @DD

>C

 DG @E

>

, D D KB DG@ B C A> >G @D? C@F>> D CD O O @< DG@> E > M > DG@ D O E D>= D C O C C AN ,A >G @>? B D DE A
C>O M@ B ALCK DG @ B @ >B B > B>C>B B ED= DAO @< DE A> L @DD >C K DG @ E > 0 A>G> D D> A>HL DB G D E > D > O >
@ L @D C> C E D? D D? E D>= D CD? C@F>> D ALCDB CD
AD >O DE A C>O @DD >C DG @ E > C D A>G OD CDAD >> DE
A C>O @DD >C DG @ B @ >B B > B>C>B B 1D@ < B CDAD >N C E >B

1 >B

/ D D >BD DE A> L @DD >C K DG @ E E >B  H C> ED@ = CD C > 

>

C@F>> E >

CCD?


1 )
 )
! 49 1
 <(   

  1 ( 

  4 (  3/#449 <(
  <  3/#449 <(
  <  3/#449  <(
  < 1
  
  1
    1
 
   

 4 (      

>

0E

A C> @DD >C M@

B ALCK DG @ C@F>> E >B

>

0E

A C> @DD >C

DG @ E

>

C A> >G @D? C@F>>



> B ,9 02,9 ., E D AO D CC N B>C>B B C A> >G @D? C@F>> 0C >B >
 3/ 3 2:2 1

 1D> @AD@ ALCD DB>C>B B  C A> >G @D? C@F>> EDBDILN D CCK  C@F>? > BK,9 02,9 .,
C@F>N ED> @ AD@ ALCD D
<(

C A> >G @ O C@F>O BC =C G C> BC A>=> AD@ ALCD D B>C>B B >C K B>C>B BD C@F>O  3/ 3 2:2 1 <( C D > @DD C@F>> 1 E B ED D C>? DAL@D = @DAL@D >B O AD@ ALCK B>C>B BD 1 > M DB @ < K? = B CO O =C G C> CDAD >O D K @ C>O B>C>B B C@F>> E D > D D> KEDAC C>> A
NI> ? >? . F ALN DE A C>O  1D D C> >@ C A> >G @D? C@F>> 1 G> A M@ B ALCK DG @ > K D =C G C>?  D D CCD? C@F>>  3/ 3 2:2 1 <(  1DA G C> H C>O E B C < >O @DB >C F>> @A >H $ 19 3907 A> C A> >G @ O C@F>O >B B @ >B B D CDAD >O D O E <C ? / D D >BD DAL@D >=B C> L =C @ C@F>> 1 C D CK? BCD<> C  BD >B CDAD >N DE A C>O @DD >C B>C>B B C A> >G @D? C@F>> C E >B

X1 X

1 >B

/ D D >BD DE C@F>> 1 DF *= >

A> L @DD >C K M@




B BD


NI ? C A> >G @D?

K H C>O = G> E > CK C > CD G D @DD >C B> DG @ B>C>B B > B @ >B B O AON O   (    (    ( A >B L > G D D >C B @ >B B C D D >BD BCD<> L C  9 D B D ED C C>N @A >G @>B >B D E >B I D G D D @A>@DB = L O AO O @DD >C B>C>B B > > KG> A C> =C G C>? C
O D C D D@ DB G D DC C ED= DAO KG> A> L D CD B CCD @DD
>C K M@ B ALCK DG @






 >



1 )
 )  ) 
 ! 49 1
  <(

 

 
 

  

  3/ 3 2:2 1
<(
 

 <<  3/ 3 2:2
1 <(
 
  <<  3/ 3 2:2 1 <(
  
   <<
>

0 K @ C> M@

B BD

EDBDILN

D CCD? C@F>>

, DB C@F>>  3/ 3 2:2 1 > B ,9 02,9 ., >B <( A NI> G K C@F>> ED= DAONI> D K @ L AD@ ALCK? B>C>B B C
A> >G @D? C@F>> X , 2 0 1 ( >I >C CCK? AD@ ALCK? B @ >B B C@F>>

X  3 2 1 X , 2 F>> 1 X  3 2
1

0 1 0

( 1 <

>I

>C
<(

CCK? AD@ ALCK? B>C>B B >I AD@ ALCK? B @ >B B

C@F>> C@

>I AD@ ALCK? B>C>B B C@F>> 0 1 < <( DE A CCK? AD > B CDAD >O DE A C>O AD@ ALCD D B @ >B B B>C>B B EDBDILN E >
CCK C@F>? E @ >G @> C D A>G O D CDAD >> DE A C>O AD
@ ALCD D B>C>B B C@F> ?  3/ 3 2:2 1 <(

DE

A CCK? AD > B



1> F>?

B E >B K DE

A C>O M@

B ALCK

DG @ EDBDILN M >

C@

/ D D >BD C ? > @DD >C K B @ >B B B>C>B B C A> >G @> C@


 F>? 0
 
*=C G ALCD ED D>B >@ C@F>> > DE A>B >B A> C@F>O M@
B ALC N DG@ > @ @ O DC B @ >B B >A> B>C>B B 1D > >@ K B D CC N C@F>N H C> KEDAC>B ED A D ALCD > E > CCK C@F>? CDAD >O H C>O = G> > = AL K ED@ = CK C > *= > > CD G D = AL H C>O EDA G CK @DD >C K M@ B AL
CK DG @ DD NI> >@ B 1 > M DB C@F>> , 2 0 1 ( >  3 2 0 1 ( C N = C>O BC A>=> AD@ ALCD D B @
>B B B>C>B B @ @ M D KAD A G > EDAL=D C>O C@F>>
 3/ 3 2:2 1

1 >B

BD >B E L A G ? @D B BD

<(

C A> >G @ O

C@F>O >B

C @DAL@D M@

1 >B / D D >BD DE G @> C@F>?

A> L @DD >C K M@


   

B ALCK DG @ A


NI> C A> >

H C> E > CD C 0 >B = AL K 1 > DE A C>> EDBDILN C@F>? , 2 0 1 ( >  3 2 0 1 ( @DD >C M@ B ALCK DG @ C A> >G @D? C@F>> >B NI ? BCD D B @
>B BD > B>C>B BD D=C>@ O E D A B C H B E >B C@F>> >B N C @DAL@D M@ B ALCK DG @ E O C@F>O D <> D >C B @ >B B > D >C B>C>B B D O B @ >B B > B>C>B B H O E N = G > B DE A>A @DD >C K B>C>B
B > C C HA @DD >C B @ >B B H C> CD D D D? C@F>> > B C HA DAL@D D >C B @ >B B > D >C B>C>B B C D OI> O A >@ 0E A> L @DD >C K D ALCK M@ B BD C O M DB I CCK? C D D@ C@F>? , 2 0 1 ( >  3 2 0 1 ( I N C@F>> , 2 0 1 <(  3 2 0 1 < B ALCK DG @ <( 9 > C@F>> C D O @DD >C K M@ < C A> >G @> C@F>? BCD > B C D E > D C>G C>O

3 

 

 > H C>O = G






1  5
(  ! 49 1 <(

               , 2 0 1 (  
 << 1)
 ! 49 1 <(    

 

    
     

 3 2 0 1 (
  
  <<
>

0 K @ C>
EDBDILN

AD@ ALCD D B @ >B B > B>C>B B ( >  C@F>? , 2 0 1

3 2

C A> >G @>

0 1

C@F>?


1 4 
 ( )
 ! 49 1
 <(  4   (



 


 
 
 
 , 2 0 1 (      K    3 2 0 1 (
   
   <<    


  K   <<

1 )
 )
 )  ) 
 ! 49 1
 <(
         





 , 2 0 1 (  

   <<  3 2 0 1 (
 

  <<
>

0E A C> @DD >C M@ B ALCK C A> >G @> C@F>? E >B

DG @



1 > B E >B K DE A C>O @DD >C D C>G C>O C > BCK


C@F>? BCD > E B CCK E >

1 >B

/ D D >BD DE C@F>?

A> L @DD >C K DG @ B @ >B B > B>C>B B A NI>


8 3

0



E D? > D D? C@F>? DE B @ >B B H C> E > CD C >




A>B @DD >C K B>C>B B

L?

>

0E

A C> B @ >B BD > B>C>B BD

C@F>? BCD > E

B CCK

 0 K @ C>  AD ALCD DB @ >B B  B>C>B B  C A> >G @D? C@F>>


) G H ) ) G ED> @ AD ALCD D B @ >B B B>C>B B O AO @D D E D BB> D C>O > M > = G C > DA L = G> A>C ?CD D E D BB> D C>O G A>C ?CD D E D BB> D C>O D B A> O A C A NI O A>C ?C O C@F>O C = > >BK E B

O= G?B B > G DE>D> O NI>B D CCK  =DB




, ,

,

,3

3
  

G> A C =K BK @DM >F> C B> A>C ?CD? C@F>> 3 *= CD @< C @DAL@D C C>? > C C C = > >BKB> E B CCK B> @D D K O AON O   3



@>B>
,


C C>OB> C
,

C
3

B> BD


KL

,3

 - ,

,

,3

@-



> > BCD< > C D D A D ONI> AD >OB D C>G C>O C D D E > @D D K A>C ?C O >BD C ? > D D@ ECD L E B CCK   3 C@F>O EDA G B @ >B ALCD B>C>B ALCD =C G C> D >> B B >G @D D E D BB> D C>O C@F>O ,  ,   ,3 3 C =K O F A D? C@F> ? D D@ ECD L C >C C D C>

> O

G C>OB>

D B A> D CC O = G A>C ?CD D E D BB> D C>O G OC E @ >@ DG CL G D E > H C>> DE >B>= F>DCCK = G C>@ E A C>> M@DCDB>@ > B >B D CCK C@F>> H C>O = G B B >G @D D E D BB> D C>O 9 > C@F>> >B N >
,9 02,9 .,

43897, 30/, 1 43897, 30/ 3 1

"< "<

 

 

3 3

<( <(

30,7!74 7,2 3 . 2 -(

C@F>O E >CO K A NI> D D=C G C>O X 1 F A O C@F>O X " @ D D C>G C>? X > @DBK C = > >BK E B CCK X . B>C>B>=> B O A>G>C X 2 D C>G C>O X - A>G>C D C>G C>? C@F>O 43897, 30/, 1 "<   3<( >I >B B @> =C G C>O E > @D D K KEDACON O F A O C@F>O >B B @ >B ALCD =C G C> C@F>O 43897, 30/ 3 1 "<   3<( >I C>B B @> =C G C>O E > @D D K KEDACON O F A O C@F>O >B B>C>B ALCD =C G C> C@F>O 30,7!74 7,2 3 . 2 -( >I @ D . E >

M>

AD ALCK? B @ D C>G C>O " AD ALCK? B> D C>G C>O " AD >O
2 -

H C> @D? AD<CD? = G> @ @ D K @ C> AD ALCD D B @ >B B B>C> BB > B E ALCD E D D D C@F>> 43897, 30/, 1 "<   3<( 1DA G C> H C>O E B C < >O @DB >C F>> @A >H $ 19 3907
,9 02,9 .,





1D@ < B CDAD >N D K @ C>O AD ALCD D B @ >B B > B>C>B B C @DC
@ CK E >B
1 >B


I > CDAD >> KE @ C @D D D? E D @F>> AO >= D D A C>O C D D >BD >B L > > K LO , < O >= CDAD >? DE A CCD
D @DA>G K LO CCD D > @D D D >B O D C>G CCK @DA>G
0 J B KE @ BD D E D @ = > > D CDAD >> >= D D A C>O > >=
C AO @ < D? >= CDAD >? / D D >BD C ? > @ N CDAD >N E > @D D D? D J B KE @ BD? E D
@F>> B @ >B A C * D CK CCK E D>= D E > CK A 
A>F ED D E D>= D
  
 *

D CK
A

CCK E D>= D
KE @ E D @F>>
  

1D CD L K L 1 DD D DD > >
     

>

L D

  

CDAD >O E D>= D DG D CO


  . B >G

DE @

B C ED D E D>= D
G>

G C>

@ O D B A> D @ =

0 D=C G>B    DA> DG D B C> = G> BD D C E D>= D


D = CCD D D J B D D D D E D @ E > AD >> D E G C>O K L B DD CCD E > E D? D D? > L ? CDAD >O 0 C>G C>OB> E > H C>> M D? = G> O AON O
 

J
    

 

J @
  

  


 

@ @ @

 



0 >B E >CO K D C>G C>O 1 D D C>G C> DG > CD DA> DG D B C> C BD K L D >F
ALCKB> D D DE I C> D=C G G D BB CD DG BO C DA<CD E K
H L EDACD D DG D CO L G D > EO D DE I C>O D=C G N G D D K LO C DA< C E KH L A>B> D?@ AO @ < D D K LO > CDAD >> 1 > AN D? CDAD >> KE I CD E D @





 

C@F>O > O AO O F A D? = AL H C>O = G> C <CD DE A> L =C G C>O    > B @ >


B ALCD =C G C> KE I CCD D E D @ DE A> L DE >B ALC N CD
AD >N E D>= D CHB AG C@F>O AD ALCD D B @ >B B >B L >
43897, 30/,                           <   <(

H C> = G> E >

CD C >



>



H C> =

G> AD ALCD D B @ >B B

*= >  > CD G D E E >O > B = B C KE I CD  >C>F E D


@F>> ED E D? > L ? CDAD >OB KE @ E D @F>> ED D D? CD
AD >> C DA<CD K L ,A >G @D? = G ? A>C ?CD D E D BB> D C>O O AO O C ED C O = G 1 > B > BK @D? E >B



_


1 >B

*B O G K @A D D > > > ED D D D C @ < DB @A ED CD > D>BD L D @> D D @ < D D ED > / D D >BD D > L DE >B ALCK? EA C E D>BD L E D=D@ B>C>B ALCD? * D CK CCK = G> E > CK A 
A>F


> AO *= CK @< @DA>G


@ < D D ED > AO @< AO D=D@ E > @D D DB BB C O > A?
.

CCK D E
1
    

D=@
1
    

D D D @A D D ED
1
   

   

A>F D D=C G CD @A K     ED > A>  1 1 @DA>G D D D C @A . @DA>G D D D C D D >BK ED > AN 3 2> K A>F D=C G N D>BD L E D=D@ AD CK > AO 1           D ED CCDB A G F A D? A NI O C@F>O

X X1 X X

>C>F
3 

D @A

3 3

3

3 

3 

3  3 3 3

3  3 

ED

@DA>G D D EA C> BD D AO E > AN 1 D B A> B D C>G C>O " @ @ @ G> A 3 C BD K L D >F ALCKB> D
3 3

D=@> D @A

J 3  J 3 J 3  J

BB CD @DA>G D E D @ D C @A CD E > L A NI>B> C C>OB>

> ED

CD > ED

> A ? BD<


3 3  3 3  3 3 3 3 3  3 3  3  3  3  3 3  3 3  3  3 3

   
3  3  3 

    

D D@ ECD L C C >M > C C>? D = N D C>G C>O " ) G D D> DB G D K C ? > @> =C G C>O 3 F A D? C@F>> E > @D D K BB CK = K C E D=@> KA> K B>C>B ALCKB> D EDAL=
B O C@F> ? 43897, 30/ 3 1 "<   3<(

H C> =

G> E >

CD C

>



>



H C>

C ED CD? =

G>

*= >  > CD G D D K D @A D D A CK ED > AOB 0 C @D A @D C ED > A> EDA G>A> D K ED E >G>C K D@D? D>BD > E D=D@



 1 >B KC  H C>  DE >B>= F>DCCK = G


0E


A C> B @ >B ALCD D > B>C>B ALCD D =C G C>? G> A


         

0  

8 3 

3 

8 3

 

.48  8 3

 

0E


A C> @DD >C M@


 

B ALCK

DG @

C@F>?





 

 

 


3

8 3

0

3 












0


 

 




 b










   3 3

.48

8 3

8 3

0

0


0

0




1D> @ AD ALCD D B>C>B B




1
   
 

1
 

1
 

.






 


1
   
 

1
 

1
  







 


1
   
 

1
 

1
 

.









1
   
   

1
 

1
 





) G>  =D@ 1D CD @ =

1 >B G C>


C ED CK C ED> @ AD ALCD D B>C>B B E G E >B




G C AD >GC =

_ \^\

H C>  A >G @>  > C F C C CK  C C>?


C C>O D C>B C >= CKB BD KL A >G @>B> > C F C C
CKB> C F C C CKB C =K O @D C C> D @D D D D D O  C@F>> / E >B C C> ,
-   O AO O A >G @>B 0
,  3
  C F C C CKB > B ,9 02,9 ., ED= DAO H L @> C C>O C A> >G @DB > G>
A CCDB > DE AO L I CCK > @DBEA @ CK @D C> > B A>=D CK BCD > G> A CCK B D K 9 D ED= DAO > A D L > D D>C > C D @> > K L C > DA F>DC ALCK? B D AO
H C>O CCD? @DC@ CD? = G> *B N O D > >C ALCK ED D K E D @> D D CD > DE A C>O @D C ? C C>O CCD? A >=A N O A D > BK > @DBELN CK CDAD >> H C>O C C>? DALHD G> AD E >B D ED= DAO EDAL=D AN D> L CDAD
>N > E >D > DEK H C>O C C>? EDBDILN > BK ,9 02,9 .,

  H C>  C C>?  C A> >G @DB > 


  
$4 ;0 1 (

C@F>O$4 ;0

H C> C C>? C A> >G @DB > > B ,9 02,9 ., D I O EDBDILN D CCD? C@F>> $4 ;0 @D D O >B >

AO

X1 X

C C> = E> K BD E D>= DALCDB > > @DBD C >= CD



1 >B K = E> >

C C>?

, ,

-



-  

CDAD >O H C>O C C>? EDBDILN C@F>> $4 ;0 1 ( E D > D D> KEDAC C>> A NI> E DF  D C C>O E > D C> B B C>@ ALCD D >B C>  D C@F>> $4 ;0 1 ( C C>O 1 >BO  1DA G C> H C>O E B D CD B CCD D C < >O @DB >C F>> @A >H
$ 19 3907

, 
-

C C> BD<CD C D > L = E> L D C@F>N $4 ;0 B D 1 BD >B CDAD >N DE A C>O @D C ? C C>O C A> >G @DB > C E >B
1 >B


/ D D >BD DE

A> L @D C> A


NI>


C C>?

, - 


 , - 
.48 , 

 
 


8 3,

  
    


  

    

   

H C> E > CD C >  *= >  > CD G D = G> > BD? H CK E K = G ED


A G CK @D C> C A> >G @DB > E ED A C B D DALCD AD<CDB E >
B =C G C>O @D C ? EDA G CK > DGCK G> A E A CCK F>D
C ALCD? D B A> < C D D >BD EDA G> L H C> > I CCK G> A D A D EDAL=D L O @DB C D?  ( 9 D ED@ = CD ED A C ? = G E >B  A >B L > G D H C> C A> >G @DB > C E AO
O > BD? C > DA @D D @DB > AO D DE >B>= F>> F A DD =CD E >B CO L @DB C K E DI C>O K < C>? C E >B @> @ @ $ 25 1 : $ 25 1  5,3/ 1 >B > EDAL=D C>O @DB C K : $ 25 1 ED@
= C E > H C>> C C>O 
 , - 



DALHD @DA>G C@F>O $4 ;0 >B @DB C D? 59 438 $4 ;0(


59 438 $4 ;0( 3;0780:3.9 438
 :942,9 . , 0#: 08
 , 80 09 4/
  4/0
 03,7 $479
 %7:0 '07 1 $4 :9 438
 :942,9 . 47 3 !70. 8 43
 B<

D DEF>? K

> C M@ C > BD<CD

>

0E

A C> @D C ?

C C>? E >B



1 > B E >B K > EDAL=D C>O DEF>? C@F>> $4 ;0 / D D >BD KG> A> L BO B D B> @D C> C C>O , ,  G> ADB F> E DB < DGCK K KG> A> L @D C> C C>O
 G> A C>? CKB B CCDB A G > EDAL= N O DEF>> DD CCD 09 4/
 > CK C > 47 3 !70. 8 43
 H C>O E >
8 3 .48   
   

>

H C> = G E >B C C> B DEF>? C@F>> $4 ;0



D=BD< *= > > CK ? >O DEF>? C@F>> $4 ;0 0EF>O 09 4/ CD L H L C C> BO B D B> 0EF>> 09 4/
 > 09 4/
 C ED= DA>A> C@F>> $4 ;0 C ? > @D C> C C>O , ,  0C> DAL @D E >A> > D CD C C> >CD? D B DAL@D DEF>O 09 4/
 ED= DA>A DE A> L @D C> C C>O C A> >G @DB > E > M DB H C> D < G D > = DEF>> C A> G> AD F> D CHB A 0EF>O 47 3 !70. 8 43
3 G 1 > 3B K C A> >G @D H C> E >B C C> B E F> ALCK C@F>? E > 3 K H C> H LN F> B> 0EF>> C@F>> $4 ;0 BD<CD > EDAL=D L @< E > H C>> > B C C>? / @D D K >= C> BD CK A

8 3 .48


   31 3 9

  

C@F>O#4498

C@F>O E
(

C =C G C AO DE

A C>O @D C ? EDA>CDB DC >B

>

#4498 1

EDA>CDB @D C> @D D D D C D D >BD C ? > BD< K L E AC C C>O B C EDA>CDB 1 0 @A>@DB C@F>> #4498 1 ( O AON O I CCK > @DBEA @ CK @D C> C C>O 1  1 > M DB H C> BD< K L EDA G CD C A> >G @DB > G> A CCDB > H C> C A> >G @DB > D I B A G BD< K L EDA G CD AO EDA>CDB C KH G D? E C> H C> C C>O 1 I A> 1 EDA>CDB EO D? > KH E C> 0 C @D  C A> EDA>CDB BD< K L =AD< C C BCD<> A> D C@F>O #4498 1 ( C? @D C> DD NI D C C>O H C>O C C>? @ = CCK A G O ED@ < B C E >B >

X1 X

1 >B

/ D D >BD H> L A NI>


, , , , ,
   

C C>O


. .

- 

/  ,.




>

H C> E >B


H C> E >B E > CD C > *= > > CD G D E K E >B @D C> C ? CK C A> >G @DB > G DB E >B E A C EDA>CDB EO D? E C> EDM DB D @D C> C C ? CK ED A C B E >B E > C EDA>CDB EO D? E C> E > M DB H C> EDA G CD C A> >G @DB > 9 D D JO CO O B G D BCD D GA C 1 BD< K L =AD< C C BCD<> A> @ @ > ED@ = CD C > / > E > C BCD DGA C EO D? E C> =AD< CCK? C BCD<> A> ED D @D C> BDILN C@F>>  5,3/ @ K K @D @> BCD DGA C > C ? CK EDBDILN C@F>> #4498 :9 ( ( ) L :9 ( CDB D@> @D D D? C D > O EDA>CDB @ K DB >

 



>

H C>

C C>? E >B



A> @DM >F> C K EDA>CDB = CK > G> A D C@F>O #4498  ( K H C> > DGCD D >A> E > A>< CCD D =C G C>O @D C ? DGCD =C G C> @D C ? E AO O G> A B> F>DC ALCD? D B E > A>< C CD DB I CCK G> A 1 > B E >B

1 >B

/ D D >BD DE

A> L @D C> A NI>



   

C C>?



  
 




H C>O E > CK C > *= > > CD G D C@F>O DE A>A DGCD =C G C> @D C ? E D D C C>O C BD A C ? > O CDB > @D C> D D D C C>O > C HA @D C> L D C C>O CD > C D CDB AO EDAL=D AO D N @D C> @DBEA @ CD? D B AO EDA G C>O H C>O D D D > L D C C>? E >HAD L > EDAL=D L @DB C  ( C@F>O #4498 1 ( EK O H L @< C F C C CK C C>O 1 > M DB H C>O BD< C K L BD< K L DH> DGCKB @> E >B K ED@ = CK C >



 

>


1 >B K DH> DGCK

H C>?

*= > > CD G D E D DH> DGCK

C C> C

H CD

D ALCK

H C>O



 3> A CCK B D K H C>O A >G @> > C F C C CK  C C>?


I DALHD @DA>G D G> A CCK B D D H C>O A >G @> > C F C C CK C C>? A D > B AN D D >= M > B D D O AO O D D@ ECD LN AD >? K D C G ALCD D E > A>< C>O G CK DD CDH C>? > E >=C @ D@DCG C>O K G> A> ALCD D E DF A D > BK C @D D K C > DA EDE AO CK B D D H C>O A >G @> > C F C C CK C C>? DE> CK C DOI ? A >=A N O A>HL @DBELN CK CDAD >> G> A CCK B D D H C>O A > G @> > C F C C CK C C>? > B > B >B BCD D D CCK C@F>? H C>O A >G @> > C F C C CK C C>? G> A CCDB > 0 CD CKB> >= C> O AO BD >B ED D CD M > C@F>> > E > N O $4 ;0 #4498  3/#449 B E >B K

   (

,9 02,9 ., ,9 02,9 .,


  
$4 ;0 1

C@F>O$4 ;0
;0 >B

C@F>O $4
(

>

X1 X

H BD C C> > @DBD C >= CD 0 @A>@DB M D? C@F>> O AON O @D C> C C>O 1  ,D COB> BD K L I CCK > @DBEA @ CK G> A E A CCK CCD? D B C C>O @D D K H C@F>O C@F>O $4 ;0 1 ( BD< H L D A>G> A>HL D B E A C>O D D $4 ;0 1D@ < B ? >O M D? C@F>> C E >B C> O D K D B> C@F>> $4 ;0 1 (

1 >B

/ D D >BD DE

A> L @D C> A NI>




C C>?
 

 



>

H C> E >B


0
 ,
 

 


 

 
 


 

H C> E >B E > CD C > *= > > CD G D E D E A C> B $4 ;0 1 ( $4 ;0 1 ( > K A D <> @DM >F> C K > G> A E A CCK H C>O EDA G CCD D EDBDILN


C C> H CD EDBDILN @D C ? CD B ALCD? D B CCD? D B 0 B >B G D A> CCD? D B D > @D C> DE CCD? D B > C D A>G C@F>> $4 ;0 1 (

C@F>> C@F>O C C> A CK LOD

  
#4498 1

C@F>O#4498
(

C@F>O #4498 >B

>

X1 X

H BD C C> > @DBD C >= CD 0 @A>@DB M D? C@F>> O AON O @D C> EDA>CDB CCD? D B 1 > B E >B K

A CCK

1 >B

/ ? > @D C> A NI>

C C>?

 

  
 



 



H C>O E > CK C *= > > CD G D CDB > E A C F C C CD C EDA G CD


> I CCK > @DBEA @ CK @D C> C ? CK G> A C C> B G> A CCD? D B 1DEK @ H> L C E> A H C> C C>
 @ E

  



>

H C> E >B

  

C@F>O 3/#449

C@F>O  3/#449 >B  3/#449 1 <(

>

X1 X X

C C> > @DBD C >= CD C G ALCD E > A>< C@F>O  3/#449 1 > =C G C>? A>=@> @ @DB C O A NI O C F C C CK C C>?

@D CL @D C> C C>O C> C C>O <( C D > @D CL


>= D A

CDAD >O DE A C>O @D C ? A EDBDILN C@F>>  3/#449 1

>G @> >


<(



0E A C> D A > >=DAOF>> > @DBD D @D CO > K D =C G C>O E > A> < C>O D C C>O 1  E > D C> B B C>@ ALCD D >B C> D C@F>>  3/#449 1 K CCKB =C G C> B <( 1DA G C> H C>O C < > B @DB >C F>> @A >H 1 > B E >B K
    $ 19 3907

1 >B




0E

A> L @D C> C C>O >@ C@F>> 1 


H C> E > CD C > >


=C G C>O E > A>< C>? >=

! 49 )
    
 



<(

>

>@

C@F>>



*= > > CD G D C C> >B @D CO D A OB> >=DAOF>> @D D K BD K L > H C> C C>O E > CD C > 1 > K D C G ALCD D E > A>< C>O C <CD K L C>B ALCKB D D CCD A G O @D C C> D <> C @DAL@D @D C ? .D< D@ = L O G D DE A C C D @D E > CD A CCDB EDAL=D A B E > A>< C>> CL @D D K? D<> A O C H B E >B C =C G> ALCD >=B C C> E > C@F>O  3/#449 C HA @D CL AD @ >CDB H C>N E >  < E >       
(   (



) B >B G D D A L >=DAOF>> @D CO BD< K L DG CL H> D@D? C H B E >B H C> EDA G CD E > 


 0 C @D E >  > B K A C I NI H C>    3 D K >= < L ED D CK DH> D@ A K > L >= =@D? D A > >=DAOF>> @D CO


>

H C>

C C>O 

 E >

=A>GCK =C G C>O

 *C ALCK B D K A >G @> > C F C C C>?


*C ALCKB> C =K N O @> B D K @D D K = C>O D A > >=DAOF>> @D CO AO M > F A ? ED E @ 3907;, #4498 E @ >B N O A NI> C@F>>

H C>O C CK 
N AO > H> C>O :207 A>= F>>
., ,9

3907;,  80.9 43 1 3907;, $0.,3/ 1 3907;, 0 943 1

39 058( 39 058( 39 058(

X X

C@F>O E >CO K A NI> D D=C G C>O H BD C C> 1 > @DBD C >= CD



X 39 X 058 X X X
 

>C A >=DAOF>> @D CO ED HCD L KG> A C>O @D CO BD >B ED D CD M > C@F>> > E > B E >B K H C>O C C>? C D > @D CL C C>O 3907;,  80.9 43 1 39 058( 1 A >=DAOF>>  B D DB > D DB>> EDAD >CCD D A C>O >C ED HCD LN C E KH NI ? 058   C D > B D DB D @I? 3907;, $0.,3/ 1 39 058( @D CL C C>O 1  >C A >=DAOF>>   ED HCD LN C E KH NI ? 058 C D > B D DB @ ALCD? 3907;, 0 943 1 39 058( /LN DC @D CL C C>O 1  >C A >=DAOF>>   ED HCD LN C E KH NI ? 058 CDAD >O DE A C>O @D C ? EDBDILN E G> A CCK C@F>? A NI O 0E A C> G> A I CCK @D C ? > D A ? > >=DAOF>> 0 I C> @ E @ H> C>O
( ( (

:207 ., ,9 + 3907;, #4498+


  

KD > C@F>> 3907;, D C@F>> 3907;, 1DA G C> H C>O E B C < >O @DB >C F>> @A >H

  

19

3907

1 >B

/ D D >BD DE A> L @D C> C C>O


EDBDILN C@  F>? >C ALCK B D D 0E A>B G> AD I CCK @D C ? > D A > > >=DAOF>> B D DB >= A>= F>> KG> A C>? / > E > C C@F>O 
*= >@ > CD G D C@F>O < K E @ DL C C> >B I CCK @D CO 0 A OB> > >=DAOF>> BD K L > H>B E L C C> DD >> DE> CCD? C CDAD > ? H C> E > CD C > 1 D C A>=> B EDA G CCK = AL K E K D@ E > CD H C> C C>O EDBDILN C@F>> $4 ;0 H C> EDA G CD C A> >G @DB > > O AO O DGCKB 1D HCD L BD A D=C>@C L DAL@D E > E D =D C>> D G> A CCK =C G C>O EDBDILN B C> L D ALCK @DB C K   M >B H C> B


    (  ( 



! 49 )


 <(

  

     

>

>@

C@F>>




>



H C>

C C>O 




EDBDILN >C

ALCK B D D

0 >B C>B C> C D G D E > H C>> D DB O AO O >C A =C G C>? C @D CO 3 B < M D >C A B DGC D D EDA G C C E = CCD? DGCD C A>=> O D K > >B G D @D CL >= D C> @D D D D EDA G C C > DA
 

C C>O >C ALCKB> B D B> > @D D D D L DGCD =C G C> H C> A> >C A C C AN LN A > >=DAOF>> DGCD =C G K D@D? DGCD LN B D DB D
(



@D CL >= D A > B D DB @ ALCK . D @ ALCK K A H C> D E NI DGCKB . D > D DB>> D@ = A O C >B C DGCKB A >B L > G D M > K D K >B N G CK? @ 1 > H C>> D? = G> DC> BD K L D B >CKB> C E >B B D > D DB>> D@ < O C >A GH>B
 (

 0E A C> @D C ? C C>? E >B C C> B>C EDAOF>>


ICD L B D D D> A NI B C@F>O 1 DD NI O C C>N 1  >C EDA> O D A > >=DAOF>> @D CO 0 = O CD O C@F>O 1 @D CL @D D D? > O AO O H C> B 1D KH C> DGCD > = AL > D@ I C> B C> H C>O D > O = G B CLH C>O D J B KG> A C>? . D A>= O D CCD? C@F> ? 390754 ,90#449 >B NI ? >

390754 ,90#449 1

, -<(

X 1 C@F>O > D CD D C C>O X > @DBD C >= CD X , - D A L >=DAOF>> @D CO




CDAD >O H C>O 0 I C> @ E @

:207 ., ,9 + 390754 ,90#449+


C C>O H> C>O

0E A C> D A > >=DAOF>> @D CO , D C@F>> 390754 ,90#449 1 , -<( 1DA G C> H C>O E B C < >O @DB >C F>> @A >H 1 > B E >B K
  

19

3907

1 >B

/ D D >BD H> L A NI>


3 

C C>O

 





H C> E >

CD C >

 





>



H C>

C C>O E >B

C@F>O

390754 ,90#449 >B

A NI> DEF>>

47 3 !70. 8 43
3 ..:7,. 4,
 3 $ 4 !74 7088
%7:0 , 80

DEF>O
1 >B

G> AD DE

AONI

DGCD L = C>O > KG> A C>O @D CO

C C>O
EDBDILN C@F>>  DEF>? A> D A L >=DAOF>> @D CO C> L D K H C> B EDA G CCKB EDBDILN C@F>>  3/#449 H C> = G> E > CD C > *= C C>O = AL D G D > CD G D DEF>> ED= DAON ED K > L DG CD L DE A C>O @D CO 0 C @D E > E @ >G @> G EDA G CCK H C>O BD<CD G> L CDF CCKB> 0E A> L @D CL DGCD LN =C @D ED A = EO D? @ @ M D EDA G CD EDBDILN C@F>>  3/#449 EDAC D DGCD AO >C< C CK G D
390754 ,90#449 1 , -<( >
   ( 


/ D D >BD DE

A> L @D CL



>



H C>

C C>O EDBDILN DEF>?

C@F>> 390754 ,90#449

 1 D @  D C C>?
9

CD

>

H C>O

@ > CKB ED D DB E D @> D D CD > H C>O A >G @> > C F C C CK C C>? O AO O ED CD @ KG> A CCK =C G C>? @D C ? > D CD C C> ,DBELN C O CDAD >O H C>O C C>O E D @D? D D CD > D D D> KEDAC C>> A NI> DE F>?




 

H BD D C C>O E > D C> B B C>@ ALCD D >B C> C E > E B > EDAL=D C>O >B DA  CD K D C M@ C C C>O E B D CD B CCD D C < >O @DB >C F>> @A >H D DD NI ? D CCD? C@F>> H C>O C C>O A> D E > D C> B ? C>@ ALCD D >B C> A> D = E > D C>O H C> C C>O E B C < >O @DB >C F>> @A >H D =C @ E D @> H C>O 1 >BO D CCD? C@F>> >A> D@ K D H C>O > :9 ( 1 D @ H C>O E B C < >O @DB >C F>> @A >H = AL E D @> BD< >B L =A>GCK? > = > OI>? D > BD D H C>O D=BD<CK A G > > >B C E >B B
1

 
$ 19 3907
$ 19 3907  $ 19 3907

1 >B

/ D D >BD H> L A NI>


,

C C>O

. 


 

 


 

E D > D D CD L D D H C> C C>? E > CD C > *= > > CD G D H C> C C>? EDBDILN C@F>? $4 ;0 > CD E > ED CD @ @D C ? > D CD C C> D $4 ;0 KEDAC CD DB O AO O CDAL AO A G O @ < D D @D CO 1 E > H C>> C C>O   > L O @ C@F>> $ 25 1 AO E DI

 E >HAD L D C>O = AL D E D @> 1 D @ H C>O C C>O
 EDA G CCD D EDBDILN C@F>> A EDAD<> ALCD D D DC C C C AN 1 BK BD  3/#449 C < B D K L O G D H C> CD @ =C>F A>H@DB B A > D AO E >B CD K
 C A>= H C>O A >G @> > C F C C CK C C>? > E D @> = AL D KG> A C>O @D C ? ED@ =K G DE D @ E >ALCK? = AL A> H C> DGCD 9 D >B B D E > C A> >G @> B D H C>O C C>? A> H C> C C>O >I O G> A CCDB > > O AO O E > A>< CCKB D = AL E D @> BD< K L C > > ALCKB >A> D C D
 
   
 
  



>



H C>

C C>? E >B





1D@ < B M D C E >B


1 >B


 

/ D D >BD H> L C C> 


,  
,  > E D > L D = AL K H C> EDA G CD EDBDILN C@F>> #4498 > E > CD C > *= > > CD G D E D @ C A < A BD D = AL D O H C> CD G B BK >A> L ED AOO @ < D =C G C> @D CO > D CD C C> > EDA G O CDAL
 

>



H C>

C C>O E >B





*B N B D A G > @D = AL K E D @> = > O D > C@F>> H C>O C C>O 1D@ < B M D C A NI B E >B

D CCD?

1 >B



/ D D >BD DE

A> L @D C> A NI D

 

C C>O



H C> E > CD C > *= > > CD G D E D @ H C>O EDA G CCD D EDBDILN C@F>> K ED= DAONI> G> L H C> CKB C@F>O #4498 $4 ;0 A D K A < D K D C @D D I > L E D @ C CKB B D DB C AD L


>



H C>

C C>O E >B



_ \^\

H C>  > B C C>?  ,9 02,9 .,


 . D K> A D > BK > B A >G @> 

H C>O C C>?

> BK C C>? BD K L A>C ?CK > C A>C ?CK ED DOCCKB> > E B CCKB> @DM >F> C B> H C> @> C C>? D=BD<CD C A> >G @>B> > G> A CCKB> B D B>
   H C>  > B A>C ?CK  A >G @>  > B 2 A>C ?CK C C>? 3 C >= NI B > C C>? CKB> BD<CD E

>L

,  ,  ,  ,  ,2




,3 3  - ,3 3  - ,23


3  -2

,2 

@DM >F> C B C >= CK , M D? > B   3 D D CK? GA C C C>> E > B C >= CDB 2 3 D C C>O 2 > B C C>? D=BD<CK A G > @D G> AD C C>? CD G> A C >= CK 2  3 B CLH G> A C >= CK 2 3 DALH G> A C >= CK 2  3 1 > M DB H C> B > BK O AO O AN D? C D G> A @D D K E > ED CD @ > B D I N @ < D >=   3 C C>? G> AD D C D ,DA>G D H C>? BD< K L CD BD< K L B CLH >A> DALH G> A C >= CK = > >BD > D M D D > B C C>? @A > >F> O


     
  
 

,9 02,9 .,



A NI>B D D CD H C> > B BD< > B >B BD >B E >B > B C

=DB > B C =K O D B CD? A> DC >B DO K E D > CDB A G DC C =K O C D B CD? D B C O >B L >C CCD H C> >A> @DC GCD > G> AD A> @DC GCD G> AD H C>? C =K N C DE A CCD? K @> > B C>?


 

 

 




 


 


 

>B >C CCD H C> CD? > DE A CCD? > B






DC O AO O D B


 

 


 

 

 




 

>B

@DC GCD G> AD H C>? @D D K D A D ON A NI>B C > B O AO O D B CD? > C DE B    


 
A CCD? 0E A CK A>HL AD >O H C>O M D? > B E D > D D C C>O > C >GCK > B
    

 

 

  
    
   


C> D CD D H C>O > O AO O C D B CD? ? > ALCD M D? > D >C @D K C C>O ED A A C>O D D D C C>O C L DC I DALHD G> AD =A>GCK B D D H C>O > B A>C ?CK C C>? DC> BD K L = A CK C EEK DGCK B D K > B D K ED A D ALCK E > A>< C>? A E > M DB >B L > G D DG CKB> B D B> O AON O DAL@D C A> >G @> B D K A> EDBDILN M > B DD H L > B C C>? G> AD KB> @DM >F> C B> D DGCK H C>? BD<CD C EDA G> L = G DH> D@ KG> A C>? O= CCK @DC GCD? E BO LN @DBELN
 

C >B > B

/ > DA EDE AO CKB >= DGCK B D D H C>O A>C ?CK A >G @> C C>? O AO O B D . D >= G O B B >@ > C C D CD > = L D >=A L / EDBC>B DAL@D D B , B

C A> >G @> B D K


D B , B

A> DE A> AL  B >FK @DM >F> C D > BK 3 A>C ?CK C C>? 3 C >= CKB> D A>G C D C AO D > B >B H C> > E > DB >C CCD

>@ I CCKB DH> @ B E > DE A C>> C >= A G EAD D D AD A CCK > B 1AD D D AD
A CCD? C =K O @ O > B @D D D? BD AL DE A> AO B >FK @D M >F> C D B A ED C C>N @ @D? A> D >= CD B B >FK /D BD? B > FK BD< K L B @ >B ALC O >= BB BD A ? @DM >F> C D D@ >A> DA FD 1AD D D AD A CCK > BK G > ALCK @ DH> @ B D@ A C>O @D D K C >= <CK E > @DBELN CK B D A>= F>> A D > B

. D CK

BD< E >


. D K>

BD >B H C> A>C ?CK A >G @> C C>? B D DB E D D? > F>> = H>B > D C N > B C C>? D CD > ALCD C >= CK


F>?

 

 ,   ,

 

,  ,  ,3  ,

 

, 3 3 , 3  , 3 3 , 3  , 3 3
 3
 ,  3
  

3  ,3 

> B E >CO K D D=C G C>O ) E>H B > B C C>?




, ,

  

33

A
   

NI B >
 

 

 

3 3 3


3  3

L  AOO >

> B

O AON O C G ALCKB> E > A>< C>OB> D C C>? EDA G>B




ED

   

 

 

  

 3  3

,9 02,9 .,



 1 >C>B O   @G E K E > A>< C>? > ED AOO > 3 > D CD C C> EDA G>B D K E > A>< C>O 1D D OO KG> A C>O BD<CD EDA G> L =C G C>O C >= CK C AN D? : ? > F>> 1 > @DBELN CD? A>= F>> > F>DCCD D B D D=C>@ N A NI> DE D K X , @ K L C G ALCK E > A>< C>O   3 X , @D K AD >O D >BD > > F>DCCD D E DF X / @ @D? > F>> = @DCG> L KG> A C>O 0 K C M > DE D K D B CD G CKB> DD CDH C>OB> > AD > BDB H C>O > B A>C ?CK C C>? B D DB > F>> 0 >B C ED A CCK DE D K AO A G O A>C ?CK > B A >G @> C C>?

  

A> D A > @D D K C D O O C >= CK 3 >= CK D C G ALCK =C G C>O K > N O E D>= DALCD >= M D? D A > A> @D K C >= CK D = C G ALCK E > A>< C>O BD<CD =O L D D CK GA CK
  

K D C G ALCK E > A>< C>? -3 ,33

- - , , 

AD > B D >BD > > F>DCCD D E DF O AO O BB DAN CK =C G C>? D CDH C>? @DM >F> C D @ < DB C C>> > BK @ > DC AL CDB DA<C K L B CLH >C>FK 0 E G> L D >BD L > F>DCCD D E DF BD<CD E B E D =D C>O > D CD? > BK @ M@ > A C CD? 9 > E D =D C>O BD<CD KEDAC> L E BE CD @> C C>? DE F>? AD< C>O > KG> A C>O C C>? BCD< C>O C ED DOCCK? @DM >F> C BD >B E >B D E G C>O D >BD > > F>? / D D >BD H> L B D DB > F>? A NI N > B C C>?

AD >O D >BD > >

F>DCCD D E DF

 






  



 


 

 


> B >B

H C>



 

0 C @D H L M > B C C>? B D DB > F>? DE CD @ = L C D E G CK AD >O D >BD > > F>? ? > ALCD E DB C C>>
   



D D DB

  



LB

  





AO D C>?

E G C>O DD

AD >? C C> ED

D >BD > E D >B E




= B> DCN > B D@


) B >B EDA G>B

G DE D BCD<>B E



C C> BD<CD = B C> L @< L>B D C C> C > AD<>B D D




D KB



E L

  

9D C C> BD<CD A L D KB AO EDA G C>O L D C C>O KEDAC>B A NI> E D =D C>O AD <>B C C>O EDA G CCD C C> BCD<>B C > AD<>B D D KB


EDA G>B

 

E L

AD >

D >BD > A NI O

> F>? KEDAC CD M@ > A C C O > B

= AL C C>?

  

M > DE


 

F>? EDA G C

 

  

    

E L AD >O D >BD > > F>? KEDAC CK EDACD LN H C> > BK C C>? > F>DCCKB B D DB D=BD<CD E > C G ALCK AD >O






  

1 >=C @ D@DCG C>O KG> A C>? 1 >=C @DB D@DCG C>O > F>DCCD D E DF >= AD >? DGCD > BD<CD : : : : =C E DB E > A>< C>> G> L AD >
@0 G C> D C >= CD D DD CCD C : > : > F>O 0 DE > B O ED HCD L KG> A C>O C >= CK I N ED D H C>O C C>? B D DB > F>? B D E D D? > F>> > B D ) ? AO 1DAL=D AL C >B D=BD<CD > K > L B D > F>? @ C@F>> > @DB C K A>= NI> B D > F>? > B C =A>G N M > B D D
 

,9 02,9 .,

A D > B B D E D D? > F>> D D> >= D D@ ECD > AD >? K D C G ALCK E > A>< C>? G CK DD CDH C>? > E >=C @ D@DCG C>O K G> A C>?

A D > BK B D

>

F>>

,9 02,9 .,


-3 , 33

AD > K D C G ALCK E > A>< C>?




- ,
:
 

- , 
: :
 

G CK DD CDH C>O

 

  

 

 

:
3

1 >=C @ D@DCG C>O KG> A C>?


:


: @0


A D > B E D D? > F>> =C G C>O C >= CK C H : AON O ED > =C G C>OB C E K I B H : A D > B ) ? AO K KG> A C>O C H : > EDAL= N O AO KG> A C>O C M DB < H = AL K KG> A C>O C H : > EDAL= N KG> A C>O C >= CK > G CK 3 C M DB < H CDH C>O >B N >



KG> = AL

O AO DD

:
 

 

  

:
   

:
 

:
3

3


0G > CD G D A D > B ) ? AO ED= DAO EDA G> L H C> DALH ? DG CD LN G B A D > B E D D? > F>> E > DB < G> A > F>?

B D E D D? > F>> C D C > F>N C D => ALCD 3 > B >G @> DE F>? >E AD< BO @ @ ED B D AO H C>O > BK 3 C> L 3 DE F>? D DG > CD G D B D >



C> ALC O DF C@ DGCK > >

F>DCCK B D D

 

D >BD KEDAC> L E > A> C>O > BCD< C>O D C C>? C D D >BD KEDA F>? DA F A DD =CK?






AO A G O @D D=BD<CD EDA G> L H C> = G> C DA G B = 3 > F>? DC K D C E > H C>> C C>? DALH> =B CD ? -D >G @ O B > F>DCCK B D D DG CL E D EDM DB @DBELN CK E D BBK @D DG G B B D



* F>DCCK B D K ED= DAON E AA A> L A D > B G D D=BD< CD L M @ > CD H L C C>O C BCD DE DF D CK @DBELN / D @> > F>DCCK B D D DB G D DC> N D EDAL=D AO E D @> AD >? D >BD > > F>? > A> DC> C KEDACON O D E D =D K L > D CK C C>O @ > @D D E G> O D >BD L > F> DCCD D E DF , DB M D D > F>DCCK B D K N K D C G AL CK E > A>< C>? MD I CCD AD<CO @DBELN CK CDAD >> H C>O C C>?

   H C>  > C A>C ?CK  A


B >G

@> 

C C>?

H C> > B C A>C ?CK A >G @> C C>? C A> >G @>B> B D B> D=BD<CD A>HL @> A G O ) L D I> B D D > A D > BD C I / A>C ?CK C C>O H N O D KGCD G> A CCKB> B D B> / > DA EDE AO CKB> >= C> O AON O B D K /LN DC > F>? C > @D ?H D E @ M > B D K O AON O > F>DCCKB> A>= NI>B> B D ED A D ALCK E > A>< C>? A D > BDB G> A CCK B D D O AO O D D@ ECD L E >A K D C G AL CK E > A>< C>? G CK DD CDH C>? D B A > E >=C @ D@DCG C>O KG> A C>? . D K /LN DC > F>? > C > @D ?H D E @ D A>G N O A>HL D B A B> KG> A C>O E > A>< C>? > B >B DALCD? B B >@> C > DA EDE AO CKB> O AON O B D K /LN DC > > F>? BD >B @ F M > B D K

0E

/ A>C ?CK A >G @> C C>O BD >B L DALHD G> AD H C>? 1DM DB K D C G ALCK E > A>< C>? D @D D K > = > > > H C>O DA< C D I AO L O LB I ALCD > E =DC >= @D D D D K > N O E > A>< C>O DA< C K L D DGCD =@>B I N D CD CK ED D K D C G ALCK E > A>< C>? >G @>? > A>GCK?

A C> C G ALCK E > A>< C>?

9 D ED D A @D A>=D L A G 1 L >B O > B C C>?


1 1
 

>G @>? ED D

> BK
 

C C>?

 

,9 02,9 .,



, < D >= M > C C>? C EAD @D > E AO D D? A>C>N DG@> > E G C>O O AON O H C>OB> > BK C C>? * > BD<CD =O L = C G ALCK E > A>< C>O AO DGC C>O H C>? AN KB >= G> A CCK B D D * EDAL=D C> >G @D D B D AO DE A C>O C G ALCK E > A>< C>? A G > B C C>? K D@D D ED O @ = C> ALCD CD D=BD<CD

1D M DB ED D C@F>O 1 E AO O > A>FK A>G CK =C G C>O ED AON O 1 0E AON O =C G C>O  E > @D D K C@F>O 1 B CO =C @ 9 > =C G C>O > E >C>B N O = C G ALCK E > A>< C>O >@> > A>FK A @D D= N O EDBDILN @DBELN CK CDAD >? G CD > > BK
  

A>GCK? ED D

,9 02,9 .,

. D /LN DC


. D O AO O > F>DCCKB / @ < DB H ED >= CDB E E > A>< C>N


DE AO O A NI DA DGCD =C G C>

K IB

EDE @ @ E K I B H C>N AO DE A C>O EDE @> C A>C ?C O > B C C>? = B CO O C @D D D? A>C ?CD? > BD? H C>O @D D D? > O AON O EDE @ B> 3 @>B D =DB AO DE A C>O EDE D@ C D D >BD H L > B A>C ? CK C C>? DAL@D = @DAL@D O > F>? AO D E G C>O C D D >BD? DGCD > DE A C>O C >= CK . D /LN DC O AO O C > DA K KB ED @D D > D >BD > > F>? LB G D = C @DAL@D H D BD<CD EDA G> L H C> K D@D? DG CD LN 0 C @D M D B D C > DA D B@>? @ DC H C>O > BK A> C ?CK C C>? C @ < DB H > F>DCCD D E DF . D O AO O D DGCD @ > >GCKB @ K D C G ALCK =C G C>? C >= CK A> C G ALCK =C G C>O K CK C GCD D BD<CD EDA G> L H C> C D G D C <CD >A> D D C EDA G> L D OI>? O E DF
  




A>= F>O > F>DCCK B D D E > H C>> > B C A>C ?CK C C>? C D A>G O D B D D > F>? AO A G O A>C ?CK > B ) L DAL@D D=C>@ N DALH> CD > E > C>O > B C C>? @ >

F>DCCK B D K


 1
 

> D D CCD @ > D E G> NI B D >BD L > F>? , @ > A G A>C ?CK > B = L E >B CO O B D E D D? > F>> > B D ) ? AO D D>C DB B D O AO O E D D A D > B G D > O AO O D CD CD? E >G>CD? H> D@D D D > EDAL=D C>O > B @DBELN CD? A K / D D@ B D DALH O CD L D E G C>O D >BD > > F>?

1 >=C @ D@DCG C>O >


D G> A CCK B D

E >=C @DB D@DCG C>O >


0
  

F>?

F>? O AO O AD > BD? C C>?

EDE @> C >= CK C B H DA<CK K L B CLH DGCD > BD >B CDAD >> H C>O > B A>C ?CK > C A>C ?CK > BK
,9 02,9 .,

 ,DBELN CK  CDAD >> H C>O C C>?  > B ,9 02,9 .,


> B >B D K D=BD<CD > H C>O > B A >G @> C C>? D CCK C@F>> ED= DAON H L > BK A>C ?CK > C A>C ?CK C C>? C A> >G @DB > G> A CCDB > N D=BD<CD L D DGCD M @ > CD > D > >C ALCD E D O L D D CD L = AL D E DF C@F>DC> D C>O > B K @DBB C >> ED= DAONI> EDAL=D AN E >C>B L H C>O D CDH C>> EDA G CCK D D 0 CD CKB> C@F>OB> H C>O > B C C>? O AON O $4 ;0  (
,9 02,9 .,

$4 ;0 

BD >B M > C@F>> DE>H B CDAD >N > K > = G> AO BD DO ALCD D H C>O

(  $4 ;0 

((  3/#449 

A>= F>> E >

B E >B

  

C@F>O$4 ;0  (

C@F>O $4 ;0  ( ED= DAO H L > BK A>C ?CK > C A>C ?CK C C>? C A> >G @DB > 0C E AO O A NI>B D =DB
$4 ;0 1 1 <
 

<(

X1 X

C C> E C >= CD

A CCD E D>= DALCDB >

,9 02,9 .,



C C>O 1 1 >B K E

1

BD @< E A C>O C@F>> $4

AO L O G = D J >C> ALCK? =C @
;0  <( <( (

$4 ;0 , )  , -< $4 ;0 , ) -  , 

1> D C C>? =C @ BCD< C>O BD<CD = B C> L C < > B @A >H> 1D A 1 > H C>> E @ >G @> = G K D CD O AG < FA D D =CD D > L C C>O D ALCD D C@F>> $4 ;0 E > > O >B >B C @D D K = B D > L C@F>N $4 ;0 B D C C>? / E >B

1, ) - 1  , $4 ;0 1 1< <(

>A>

$4 ;0 1 1

@D E A C> E DI E D @ D D CD > H C>O > BK C C>? *= B B >@> >= CD G D > B A>C ?CK C C>? AN D D ED O @ >B H C> > E > DB >C CCD 1DM DB CCDB A G C@F>O C C>? C >B $4 ;0  ( D C>G C>? C ED O D@

<(

H C>


CDAD >O H C>O C C>? D C C>? E > D C> B @ < DB >= C> EDBDILN =C @ E > D C>O  C>@ ALCD D >B C> D C@F>> $4 ;0 1 1 < <( >A> $4 ;0 1 1

>

B A>C ?CK

>G @>

C C>?

1DA G C>
$ 19

<(

H C>O E B D CD B CCD D C < >O @DB >C F>> @A >H


1 D @ D D CD > H C>O > BK C C>? 1 > B E >B K H C>O A>C ?CK A >G @> @DB >


3907

C C>?

C A> >G

1 >B
, ,


/ D D >BD H> L A NI> > BK A>C ?CK





C C>?
  
 

 

 


.


 

 




 

  



 




 


  


 

 



>

H C>

>

C C>? E >B

H C> C C>? ED >=AD< CCD? CDAD >> E > CD C >  *= >  > CD G D > B H>A E N > B C C>? C A> >G
@DB > D N > DGCK =C G C>? C >= CK E A CCK F>DC ALCD? D B LO > B C C>? @< H C CD H C> E A CD > I CCK G> A 9 D D JO CO O B G D > B C C>? DGCD D H C>O C >B @>B D =DB C@F>O $4 ;0 BD< H L > BK C C>? @< G> A CCDB > *= E >B > CD G D H C> E AO O > ED CD D@ 
 
 D=BD<CD > E D > L D D CD L H C>O @< >

 9 D C EDAL=D L =C G C>O    ALC ?H> G

,9 02,9 .,



@> D D CD > H C>O EDAL=D AL DA< C E > L C >=


O CDB > E > D C> B >B >B C> 
       = B > EDAL=D L > ED C =C G C>N   1DA G> L H C> O CDB > BD<CD EDBDILN K < C>O >   > O E C@F> ? $4 ;0 1 < @D D D   < $4 ;0 3907 1 1 <   <( 1D A C < >O @DB >C F>> @A >H $ 19 EDA G B H C> O CDB > E L    BD<CD > EDAL=D L ED C =C
G C>N DB G> A > AO E D @> D D CD > H C>O > BK C C>?

AO E D CK

1 >B
,


/ D D >BD
-

H> L A
     

NI> >


BK A

>G @>



C C>?


 8
.

 ,


 8

 


 

 8

  
  


>E D > L D D H C>O > B

CD L H C>O C C>? E > CK C

> 

>

L  >= 

H C> =

G E >B



>

L  >= 
A C>O C C>O C@F>> $4 ;0 > ED D K

/ >  ED@ = CK =CK D BK E E D @> D D CD > H C>O > B

,9 02,9 .,



CDAD >O H C>O > B C A>C ?CK 1D@ < B C E >B

H C> > B C A>C ?CK >B DALCDB >

C C>?
C C>? < G D > A>C ?CK

1 >B

/ D D >BD

H> L A ,  - ,

NI> >
-

BK C A>C ?CK


C C>? ,


 ,-

> E D > L D D CD L H C>O H C> E > CD C >  *= >  > CD G D H C>O EDA G CK

CD

>

L  >= 

H C> E >B



>

L  >= 

C@F>O $4 ;0  ( @ < @ @ > C@F>O $4 ;0  ( ED= DAO H L > BK A>C ?CK > C A>C ?CK C C>? C A> >G @DB > CD DAL@D D C>G C> B H C>O D I AON O ED E B CCKB > > @ANG N O ED E B CCKB / E >B C@F>O $4 ;0 
,  ) - < A> > > @ANG> >= H C>O ( DE

  

C@F>O$4 ;0 

(

,9 02,9 .,



1 >B

/ D D >BD H> L A NI> > BK


, ) . , - 



C C>?

1 N > B H> L D CD > ALCD D N D CD > ALCD , = B D CD > ALCD , > - H C>O EDA G> L O CDB > H C> E > CD C >


,  - .
 ,  - .

>

H C>

>

C C>? E >B



  

$4 ;0 1

C@F>O $4 ;0  ( ED= DAO H L > BK A>C ?CK > C A>C ?CK C C>? G> A CCDB > 0C E AO O A NI>B D =DB

C@F>O$4 ;0  (
1 < <

X1 X

C C> E C >= CD

A CCD E D>= DALCDB >

>

H C>

>

C C>? E >B

,9 02,9 .,



C C>O 1 1 BD @< E AO L O G = D J >C> ALCK? =C @ CDAD >O H C>O > B C C>? EDBDILN C@F>> $4 ;0  ( E @ >G @> C D A>G O D CDAD >> H C>O EDBDILN C@F>> B E >B K $4 ;0  < 1 >

1 >B


O H> L A NI> > BK


   

C C>?
 

 

  





H C>O E > CK C > *= > > CD G D C@F>O $4 ;0  ( C H>A ED A CNN > B C C>? 9 D D JO CO O B G D > B D D> >= C F C C CK C C>? AO H C>O C D D >BK B D K C A>=D CCK C@F>>
 

  




8 3 .48

    

$4 ;0 

0EF>> C@F>> $4

  0EF>>
;0

C@F>>$4 ;0

K D O O @DB C D?

59 438 $4 ;0(

M DB E> @ =C G C>O DEF>? @ = CK ED BDAG C>N 0EF>> E > E @ >G @> G E >B CON O @D 1 > B DAL@D D >C E >B

1 >B

/ D D >BD C C>?

H> L

> EDAL=D C> B DEF>>


, .


09 4/

A NI N > B

H C> E > CD C > *= > > CD G D A>HL B D


 

K A H C> O CDB >

>

H C>

>

BK

C C>? EDBDILN DEF>> 09 4/

 3/#449 1 1 <

C@F>O  3/#449  H > BK A>C ?CK > C A>C ?CK <( C C>? G> A CCKB> B D B> > F>? AO A>= F>> C D D >BD =C L C G ALCK E > A>< C>O C >= CK C@F>O >B >

  

C@F>O 3/#449  

 <(

<

< (

C C> E A CCD E D>= DALCDB > C >= CD C G ALCD E > A>< C> D C >= CD D C C>O 1 1 BD @< E AO L O G = D J >C> ALCK? =C @ CDAD >O H C>O > B C C>? EDBDILN C@F>>  3/#449  I CCD D A>G O D CDAD >> H C>O C C>? EDBDILN <( C@F>> $4 ;0  ( 0 A>G> D D> C D D >BD > DE A C>O C G AL CK E > A>< C>? . D K K D C G ALCK E > A>< C>? BD CK C B>

X1 X X

1>

B E >B K H C>O > B


C C>? C@F> ?  C C>?


9 

3/#449 

<(

1 >B

/ D D >BD H> L A NI> > BK


8 3

    .48 
 
    



1 D > L D D CD L H C>O

   

   

 

 

 



,9 02,9 .,

 

H C> > B

C C>? E >

CD C >

>

H C>

>

C C>? E >B

 

 2 3,90 1 1 <

C@F>O  2 3,90  ( E C =C G C AO D@ I C>O G> A > BK E B > @ANG C>O = CCK E B CCK 0C >B >

  

C@F>O 2 3,90  (
(

C C>O

C C> E A CCD E D>= DALCDB > C >= CD ED A < I > @ANG C>N C C>O 1 1 BD @< E AO L O G = D J >C> ALCK? =C @ 9 C@F>O D I AO E D =D C> > D CD? > BK C C>? @ G D G> AD C C>? > E B CCK D@ I O 1 ALCKB O AO O D CD C C> D C>B C >= CKB / E >B E L C > B C C>?

X1 X

 

 

H> L M > B C C>? BD<CD B D DB ED CD @> / D >B  >= DDD C C>O > ED AO B E D 1DA G B ED A E D =D C>O C C>  
 @D D D H O MA B C CD 1 D =D C> C C>? C@F> ?  2 3,90  ( BD< K L C DAL@D B D DB ED CD @> CD @< AN KB >B B D DB >= CKB A / A>G> M D? C@ F>> I D CD D@ = AL D K D@D? >C AA @ ALCD > > BK
  

,9 0
2,9 .,

1>

B E >B C @D D DB D JO C>B BK A M D? C@F>>


1 >B

C A NI O > B

C C>?



/ D D >BD EDA G> L M@ > A C C N > B D DOI N >= C C>? BO C >= CKB> > @ANG> > D CD C C> C >= CKB > @ANG> > H C> E > CD C > *= > > CD G D E > > @ANG C>> >= > BK C C>? E D BB DE A>A >= @ @D D D D CD D C C>O > ED >A D > 0 =D A L > B >= C C>? BO C >= CKB> > 1 > > @ANG C>> E B CCK > EDA G CD D CD C C> C >= CKB F ALN E DI C>O M D D K < C>O C B> > EDAL=D A L C@F>O : $ 25 1





-   
,

,9 02,9 .,

 

>

1 D

=D C>

>

BK

C C>?

D D CD L H C>O A @D E D > L C> O = AL K EDA G CCK EDBDILN C@F>>  2 3,90 > >B> B D B> 1D@ < B M D C E >B

1 >B

C A NI O > B

C C>?
 

  

 


 

 

/ D D >BD DE A> L C >= CK EDBDILN C@F>> $4 ;0 > B D DB ED CD @> > EDAL=D C> B C@F>>  2 3,90 H C> E > CD C > 0E A C> =C G C>? >= K < C>? EDA G CCK B D DB ED > CD G D H CD @> KEDAC CD EDBDILN C@F>> #4498 *= > C>O D E N AO C >= CK C@F>O  2 3,90 D=BD<CD L DE A> L D A > C >= CK E B ED D C>O >@D C@F>? / > ED@ = C >@ C@F>> E >B *= >@ > CD G D @DD >C K DG @ E G C>O  C@F>> D LN D E N D =C G C>OB> EDA G CCKB> E >B C@F>O  2 3,90 BD< K L LB EDA =CD? AO DE A C>O C G ALCK =C G C>? C >= CK E > H C>> > BK C A>C ?CK C C>? EDBDILN C@F>>  3/#449




 

>

H C> =

G> E >B

 . >GCK B D K A>C ?CK  C C>?

H C>O >

B

 

> B A>C ?CK A >G @> C C>? BD<CD E > L A NI B B >F @DM >F> C D @ D C >= CK  >    @ D D D CK GA CD E K G ? > BK C C>? CDAD >O H C>O C C>? > B E D > D D> A NI B D B >FK @DM >F> C D E > D C> B ? >B C> C E >B D @ D C >= CK >B C B
,9 02,9 .,

,9 02,9 .,
 )  )
 )
  ! 49
 <(    



>


 

>@

C@F>>

1

@D D D CK GA CD >B C B   0 =D C> K < C>O    D C@F>> $4 ;0 (  1DA G C> H C>O D CD B CCKB C < > B @A >H $ 19 3907 D CCK BD<CD E D > L A> B D D =D C>O K < C>O   E > L D > E D>= C>O B >FK  C @ D > E > CO L @ @
D  . >GCK B D K ED= DAON H L > BK A>C ?CK C C>? I
CCKB> > @DBEA @ CKB> E B CCKB> 1D@ < B CDAD >N H C>O > BK A>C ?CK C C>? B >GCKB B D
DB C E >B


1 >B
H> L B

>GCKB B D DB A
 

NI N > B
 
 

C C>?


 

    

 

  

H C> E >

CD C >



 

>



H C> >

BK

C C>? B

>GCKB B D DB

. >GCK? B D ED= DAO H L > BK A>C ?CK A >G @> C>? C A> >G @DB > 1D@ < B M D=BD<CD L C E >B

1 >B



/ D D >BD H> L B

>GCKB B D DB A
, - .
  

NI N > B
  

C C>?

, - .

  

, - .

 -  -  -

H C> E > CD C >  , DB E > CCD D I N > B ,9 02,9 ., A NI> B


>GCK ED D H C>O > B A >G @> C C>? X ED D  0E A C> @ D C >= CK ED D B A 
 1 > M DB DE F>O BCD< C>O = E> K O C@F> ? 49 DE F>O >C
C@F> ? 3;0780 D H C> = E> K
> D C>O B >FK  O A NI B >

49 3;0780 ( (

ED D

C@F>O 30,7$4  30,7$4 ;0  (

 1

>B C C>

C@F>> ;0 = E> K

30,7$4 ;0

NI B >

,9 02,9 .,

>



H C> >

BK

C C>?

C A> >G @DB >

1>

B E >B


H C>O > BK A>C ?CK BO B


,

C C>?

BO ED D B> NI N > B A>C ?

1 >B

/ D D >BD H> L CK C C>?

>GCKB> B D B> A
  

 




 -   -  -


H C> =

G> E >

CD C >



 0 D K  A G > H C>O > B C C>? > B C C>? BD< >B L G> AD H C>? CD G> A C >= CK @ O > B C =K O D B CD? A> G> AD C C>? @DC GCD DAL
HD D > B C =K N D B CD? > C DE A CCD? A> < > B C >B C> D CD D H C>O D C =K N C D B CD? BD >B E >B K @> > B

>



H C> >

BK A>C ?CK

C C>?

BO B

>GCKB> ED D B>

1 >B



O H> L


NI> > BK

C C>?


 

   

  

 
       

 

   

  

 
    
   

H C> E > CD C >  *= >  > CD G D E O > B C C>? >B H C>   


  >B @DC GCD G> AD H C>? E > AN DB =C G C>>  
     B D B C CD C DE A CC  > D O > B C >B C> D CD D H C>O DC C D B C 0 B >B G D D D> A G O A CK? DE A> AL > BK C C AN

,9 02,9 .,

>



H C> >

C C>? E >B



 1 >B K AO H C>O > B

BD DO ALCD D C C>?

1 > CCK A > BK C C>? AO BD DO ALCD D H C>O ED= DAO G I B O DA A D@D D> L B D K H C>O A >G @> C C>? * @< BD<CD > EDAL=D L AO BD@DC DAO > DF CDGCD D @DC DAO =C C>?
   > C K > B A>C ?CK  A >G @>  H> L E > CCK A  > BK D B> >=AD< CCKB> C DOI ? A @ = > D D>C > C D @>    > C K > C A>C ?CK  A C C>O G CKB> CDB E > A>< C>O DA<CK K L DE C>? D D D ED O @ D D A @>B ED D DB

C C>? C C>? B >GCKB > >B> B


C> L = AL K M > B D D

B >G @>  C C>? B> A  @<  >  C G ALCK A CK EDAL=D A B @ @ @ > B C
> C G ALCK E > A>< C>? A @D C ? > >G

A>F


E E
 
   
   

>


 


B
 
    

 

C C>?
   

E E
    
  
 

>

C C>?

 

       
       
     
 
 

 

      
     
   
  
  
    

 

 

      
 

  
    
     
   
 



 

 

 

 
 



    
   
    
 


 
   
   
   
      

 



 
    
  
   
   


 
 

             
 
     
 
   
 

 

 

  





     
 

 


 

 

      



 


 
       

 

A>F
 D@DCG C>

E E
     



>

C C>?

E E

>

C C>?

 


  
  
   
  

      
    
 
                  
  

   
      

           
  
   
 



 

 

 

 

  

 
   
  
    



        
       
       
     
   
         
  



 


         
 

,9 02,9 .,


  
  

  

    

   

  

     
 

 

  

        



 





   
        
   

 
 
     
    
  
       
 

A>F


 

E E


>
    
83  


B
 
    .48   

C C>?

/ G ALCK E > A>< C>O

E E

>

C C>?

83

 

.48


 




    

 


 

 

 

 


    
 

 

 

     
  

   

.48 


8 3  8 3    8 3    8 3    

  


 

9



   


  

83 
      

 


 


  

  

 

      

  

 

 



 
    83
  

  

 

    




83 .48



   


    


 .48
  
     



   



 

 



  
 

 

 



A>F
 D@DCG C>

E E
  

>
 9
    



 

C C>?

  
 

 83
 

/ G ALCK E > A>< C>O

E E

>

C C>?








 


83


 
0
 

  



 

 

  
 





  

  

8 3    8 3 
   8 3   8 3  
 

,9 02,9 .,  

_ \^\ 

H C>  > CF> ALCK 


  . D >G @> = B G C>O

C C>?

C DOI ? A >=A N O A>HL @DBELN CK CDAD >> H C>O >


CF> ALCK C C>? > B ,9 02,9 ., 1 >= G C> B @DBELN CK CDAD >? LB EDA =CD EDBC> L B D K > A D > BK H C>O > CF> ALCK C C>? D > C>B C> C A
NI> B D K X C A> >G @> ALCD D > CF> D C>O N B D ED A D A CCK @DM >F> C D N B D C DE ALCK E > A>< C>? N B D ED A D X G> A CCK N 9?A D H C D CCK? B D 9?A N ,DH> > F>DCCD? D D @D? = AL D N 9?A C , K N 9 > B D K D DGCD ED D CD >=AD< CK    (

   H C>  > CF> ALCK  C C>?  ,9 02,9 .,


> B ,9 02,9 ., ED= DAO H L C A> >G @DB > G> A CCDB > A>
C ?CK > C A>C ?CK > CF> ALCK C C>O > > BK H C> BD<
CD EDA G> L D I B > G CDB >

 

H C> > CF> ALCK C C>? > > B D I AO O EDBDILN D CCK C@F>? > B @< >B C HCNN C@F>N #:3 0 :99, >= E@ H> C>O 89,79:5 A>= NI N D >C >= C > DA M @ > CK G> A CCK B D D B D C , K CCD? A E > D O O D CCK C@F>> > BK CDAD >> > A>
= F>> @< E >B K H C>O > CF> ALCK C C>? > > B =
A>GCD D >
    C A> >G @> B D K C A> >G @> B D K H C>O > CF> ALCK ,9 02,9 ., A>= N O EDBDILN A NI>
$4 ;0 1 ( ( $4 ;0 1 1 <


C C>? > B D CCK C@F>?


<(

C C> E AO O E D>= DALCDB > / E >B >A>


 )  C@F>O ED= DAO H L > CF> ALCD C C> AN D D ED O @ ,DBELN C O CDAD >O H C>O > CF> ALCD D C C>O  D C C>O 1 E > D C> B B C>@ ALCD D >B C> C E >B 1  D D CCD? C@F>> $4 ;0 1 ( (  1DA G C> H C>O C < > B @DB >C F>> @A >H $ 19 3907 C@F>N $4 ;0 .D<CD C C> 1 D ALCD C D > L E> L D 1 > B E >B K
 )

 )


. (

BD >B ED D CD M > C@F>> > E > B E >B K C@F>O $4 ;0 1 CF> ALCD
( ( E C =C G C AO H C>O > D C C>O 1 D CD > ALCD C@F>> B C DB C@F>O D
I H C> C C>O ED DOCCKB> >C > D C>O @D D K D D=C G N O > CF> ALCD

( <

1 >B
CK A

 

NI> >

CF> ALCK
? ? ?  0


C C>O






/ D D >BD DE A> L 1 H C> C C>? ED DE> CCD? KH

CDAD >> E >

CD C >

 

 

>

 

H C>

C C>? E >B

 

*= >   > CD G D E > H C>> E D D C C>O B E > D CD >BO  > D I AC D C C@F>> $4 ;0 1 > H C>> D D D C C>O ED
L D A C CD C ED CCD C@F>N $4 ;0 1 > H C>> C C>O DCD E A CD > D A>GCDB D E K *= E >B > CD G D E D BB C HA D I H C> E D>= DALCKB> ED
DOCCKB> H C> CD @ E D DB >C > D C>N E D? G >
C C>? H L > CF> ALCK C C>O K D@D D C@F>O $4 ;0 ED= DAO ED O @

1 >B

 

/ D D >BD H> L A

NI>
??? ???   ?

C C>O








H C> E > CD C >   *= E >B   > CD G D E D BB A @D C HA H C> A G @D C >= CD? O AO O C@F>O D OI O C C> E D? > L ? E D>=
D CD? 1 > M DB H C> EDA G CD C O CDB > AO D E D =D C>O O CD E >B C C C@F>O  ( 1 > H C>> E @ >G @> = G = N O C G ALCKB> AD >OB> D ED DOCCK >C > D C>O KG> AON O E D BBD? > H C> C >B

CD

H C>

>

CF> ALCD D

C C>O

>

 

H C>

C C>? E >B

 

@DM >F> C D  $4 ;0 @D D O E


$4 ;0 1

( (

AO EDA G C>O G CD D H C>O > EDAL= AO O E L A NI B >


(

C@F>O

/ E >B
1

> CF> ALCD X1 AD >OB> > @DB O C@F>O X X C = > >B O E B CC O


C C>

D D@ ECD >

C G ALCKB>

  

A>

  (

>

CF> ALCD C C> >B C G ALCKB> AD >OB> O AON O


(   (
  (

  <

>

BD >B E >B K G CD D BDILN C@F>> $4 ;0

H C>O >

CF> ALCK

C C>?

ED

1 >B   / D D >BD H> L A

X X X

? ?? ???

 




H C> E >

NI> C C>O
 E > C G ALC4B AD >>  ?  
0
 E >
 E >   ?   ??   CD C >  



>

 

H C>

C C>? E >B

 

$4 ;0 1 1 <

> BK > EDBDILN

H C> > B > C A> >G @DB >

CF> ALCK

C C>?

CF> ALCK C C>? C A> >G @DB > H N O @< > D CCD? C@F>> $4 ;0 @D D O CCDB A G >B
 

<

C C> > BK
> @DBD C >= CD ( C = > >B O E B CC O 1 > B E >B = E> > C@F>> $4 ;0 AO A G O H C>O > B > CF> ALCK C C>? 1 L C D D >BD H> L A NI N > B C C>?

X1 X X


?9  ?9 
9 9 9



? 9   9
 9
9

D
$4 ;0 9(

C@F>O $4

;0

>B L >
9( 9(
 9(  9( 9( 9(<

9( 9( 9(
 9( 9(< 9(

CDAD >O H C>O > B > CF> ALCK C C>? E @ >G @> C D A>G O D CDAD >> H C>O D >CDGCK C C>? 1 > B E >B K H C>O > BK C C>? ED M D? CDAD >>

1 >B
1

 

L C D D >BD H> L A

NI N > B >
?9  ?9  ?9 
9 9 9


CF> ALCK

C C>?

9 9 9

H C> E > CD C >   3 D K C ED D O L O ALC ?H B E > ED


A G C>> G CD D H C>O @ D C C>? E > D CD >BO 1

>

 

H C> =

G> E >B

 

*= >   > CD G D H C> EDA G CD D I B > @ C G ALCK AD


>O C KA> = CK 1DA G>B G CD H C> E > A NI> C G ALCK AD >O  C@F>O $4 ;0 E > O @   M DB A G
$4 ;0 9( 9( 9 9( 9( ( ( < 9( 9( 9(< 9( 9( 9( 9( 9( (

H C> C M@ C

>B L >

D D CD L H C>O A @D E D > L B D DB ED CD @> EDA G CCK =C G C>? 9 9 9 > D CK C C>O > BK H>B E L E @ >G @ N = G 1 L > B B D D D D A <> C>O .0 E AO D D? D J @ D C>B D A <> NI>B D CDB 9 D BD< K L < A =CD D D<C O @ C
@DB E D D DAL CCK? A @ >=C B C > E 1D D@ = O D@ C D A <>
C> E <> D EDA G A ? < AD CLO ED@ E A ? E D @ D E> C>O
@ >= O >C C > CD LN ED D@ D A <> C> >C C > CD LN 2 *C C > CD > > 2 >B N =B CD L  G BO ED EA C>O = O @> C D A <> C> > BO D A <> C>O O AON O A>G>C B> A G ?CKB> O DE A> L DO CD > D DOC>? >
DO CD L D D G D BDB C B C> 9 = O D@ C D A <> C> BK 5 9 DO CD L D D G D BDB C B C> 9 .0 = CO > B C 5 9 D A <> C> B = O @> 1 @ >G @ O <CD L H C>O DG > C *= D >> B D D D D A <> C>O >= CD G D CCDB A G C@F>DC>
D C> .0 BD<CD DE> L A NI ? > BD? > CF> ALCK
C C>?
/5 9 /9 /5  9 /9




5 9

25

5 9

25 9

B H LM G ALCK AD >O CHB AG

>
5



>
5

CF> ALCK >

C C>? E > A

NI> C

C@F>O $4 ;0 >B

$4 ;0 5 9(
5 9( 25 9( 5 9( 5 9(
25 9( 5 ( 5 ( < 5 9( 5 9(< 9(

H C> E > CD C >   AO D D > G C>O 2 > 9 D D=C G


CK DD CCD , 2 > C G A EDA G CD D I = B G CD H C> E> CD A CCK C B> C G ALCK AD >O 1 D C D D CD L H
C>O > KEDAC C C DALHD? C A>= = AL D *= >   > CD G D K < C>O AO DO CD ? EDA G CK C A> >G @DB > G D ED= DAO EDA G> L > G> A CCK =C G C>O AO AN D D 9 E > E D>= DAL
CK =C G C>O >C C > CD > ED D@ = O D@ > >C C > CD > D A <> C>O

 

>

 

H C> =

G> .0

DEDAC> ALCD KG> A CK =C G C>O 5 > 5 E >  >  B *= > C@ > CD G D E >  E > D C> CD @  5   5  1D D I A C C A> >G @D K < C> @D D D C D > O D@ :9 ( > D CD > H> O =C G C>O 5 B > 5 B @>B ED D DB EDA
G> L C AD L 9 D D JO CO O B G D =C G C>O >B DALCK E B CCK , > 2 > B C >= CK E > , 2 H C>O C 5 B  5 B  B 1 > I A> C E >B ,  > 2  H C> , 2 D E > 9B H C> EDA G CD @ @ E B ED CD @> @ > E B KG> A C>O E
AD K < C>? 5 9 > 5 9 E > 9 B

 

C@F>O $4 ;0 >B A X , $9058 B @ >B ALCD X $4 ;04389,398 DE 1 > E @ >G @DB H C>> DALH>C A G EDAL=D

0EF>>

C@F>> $4 ;0

NI> DEF>> G> AD H D >C > D C>O AO ED DOCCK >C > D C>O > CF> ALCK C C>? M >B> DEF>OB> L O C E > D > O

   3> A CCK B D K H C>O > CF> ALCK  C C>? 3> A CCK B D K H C>O > CF> ALCK C C>? > B 2,9 ., A>= N O EDBDILN A NI> D CCK C@F>?
$4 ;0 1 (
 23 23 2,

,9 0

<(
 2,

$4 ;0 1 1  (  ( <

< <(

X 1 > CF> ALCD C C> > C G ALCK AD >O X 1


C C> > BK > CF> ALCK C C>? X ( > @DB O C@F>O X (
O > @DB O C@F>O > BK > CF> ALCK
C G ALCD AD > X B>C>B ALCD > B @ >B ALCD =C G C>O C = X B CCD? B C > @DBD? C@F>> X
2 3 2,

C C>? > >BD? E

C@F>> G> A CCD D H C>O > CF> ALCK C C>? > > B >B N DEF>N $9,79 3 $905$ 0 @D D O DE AO A>G>C C G ALCD D H >C
> D C>O 3> A CCK B D K C > DA G D E >B CON O A G O @D C C> C A> >G @DB > > BD? C H O >A> D C >B C A> >G @D D H C>O @>B> O AON O DALH>C D C A>C ?CK C C>? A ED D CD >=A N O D CCK C@F>> ED D K > A>= F>> > E > D O O E >B K
2 3 2, <( 9 C@F>O H > CF> ALCD C C> 3
D ED O @ KG> AOO >
@DB N C@F>N > E =DC C = > >BD? E B CCD? D 2 3 D 2, H C> BD<CD EDA G> L > A>FK >A> >@
(

C@F>O $4 ;0 1

 

CDAD >N H C>O =

G> ED@ < B C E >B NI


?

1 >B   1 L C D D >BD H> L A

>

CF> ALCD


C C>

E > C G ALCK AD >O  H C> A EDA G> L A>GCDB > >G @DB > > E =DC D D  H DB  CDAD >O H C>O > CF> ALCD D C C>O EDBDILN C@F>> $4 ;0 D D> >= KEDAC C>O A NI> DE F>?  D C@F>> $4 ;0 @D D O C H B E >B >B >
$4 ;0 ( (  (< ( <(


H C>O E B D CD B CCD D C < >O @A >H $ 19 H C> EDA G CD > DD I C>O = K D BD D
H C>O C M@ C D C@F>> %,- 0 AO EDA G C>O H C>O A>GCD? D B C H B E >B M C@F>O >B L >
3907

1DA G C>

%,- 0

( :9 (<

 <(

) L :9 ( M D D@ @D D D? C D > O H C> C C>O 0


@A>@DB @D E A CCK? > D@> DB A>FK  D C@F>> %,- 0472 ( AO EDA G C>O H C>O 0 @A>@DB C@F>O E A CC O > A>FK  D C@F>> ! 49 H
( :9 ( <( 0 @A>@DB C> > >@ H C> = G> E > CD C >   C G A E > CD H C> C C>O C A> >G @DB > B > B O C@F>O ED= DAO H L > CF> ALCK C C>O K
D@D D ED O @ 1 > M DB CDAD >O H C>O D O E <C ? / @DAL@D >CD? DAL@D C@F>O $4 ;0

1 >B   / D D >BD H> L A


???

NI

>


CF> ALCD
??
 ?

C C>


E > C G ALCK AD >O    ?   ??   H C> EDA G> L > E =DC D D  H DB  E > E A C>> H C>O A>GCDB > > > E =DC D D  >G @DB H C> E > CD C > 

 

       
H C>


C C>O E >B


 

>

 

 

              

>

H C> E >B

 

$4 ;0 1 1   <  (  ( < 2 3 2, <( 9 C@F>O H > B > CF> ALCK C C>? 3
D ED O @ K
G> AOO > @DBK C@F>>  > E =DC C = > >BD? E B CCD?  D 2 3 D 2, H C> BD<CD EDA G> L > A>FK >A> >@D CDAD >N H C>O = G> ED@ < B C E >B

C@F>O

1 >B  C@F>DC> D C> B> DE> K O A

@ C ALCD? > BK B D D D D A <> C>O D @ = NI ? > BD? > CF> ALCK C C>?

 
? 9 
5 9 5 ? 9  5 9
 5 9 5
5?  9  5 9
 5  9
 5

_
9
 5

/ D D >BD DE A> L DO CD > D DOC>? > BK 5 9 5 9 5  9 G C>  G D C@F>DC> D C>O E > A NI> C G ALCK AD >O A>F > >@D D K 5   5  5   H C> EDA G> L > >B L > CCDB A G C@F>O $4 ;0
$4 ;0 5 9(
5 9( 5 9( 5 9( 5 9(
 5 9( 5 9( 5 9( 5 9(
5 9( 5 ( 5 (5 ( < 5 9( 5 9( 5 9(< 9  <(

H C> E > CD C >  A>F E AC > E =DC 9 D H DB  >@ > E =DC 9 D D  0 @A>@DB C@F>> $4 ;0 1 1  (  ( < A>GCDB > >G @DB > BD< ( <  2 3 2, <( B E >B AN O @DB >C F>O C@F>? ( 1 >

D KL
(

1 >B  / D D >BD H> L A

NI N > B >
?9  9 ?9  9 ?9  9
9  9
 9 

CF> ALCK

C C>?

E > C G ALCK AD >O     H C> E > L AO C@F>> 9 > D D@ ECD > C@F>? 9 9 9 > A>FK > E =DC 9 D D  H DB  > > >@ >
E =DC 9 D D  H C> E > CD C >  *B N B D A G > @D C A>C ?CD C C> K D@D D ED O @ C H
O @> A G O >CD O EDA G> L D A> E D =D L C
C> K D@D D ED O @ > B C C>? > EDEK L O H> L 9 D E D
=D C> BD<CD D I > L B D DB C>O CD K E B CCK 1 > B E >B

1 >B  1 L C D D >BD H> L A


E > C G ALCK AD >O

NI


C C>
?9


??? 9  ?? 9  ?

 ?? 

     


 
H C> =


G> E >B

 


>

>

L  >= 

H C> =

G> E >B

>

L  >= 


       

>

L  >= 

H C> C <CD >B L > E =DC 9 D D  0 A EDA G> L


A>GCD? D B > E =DC 9 D D  H DB  >@ 9 E >L > E =DC 9 D D  1 D = B C C> > B C C>? B D DB C>O E B C
?9  9 D > B C C>? >B L CK 0 D=C G>B ? 9  9 > ?9  9 ?9  9 ? 9  9  9  9  H C> E >B E > CD C >   *= >   > CD G D CCDB A G H C> C C>O >B O > D E H C> B M@ > A C CD? > BK C C>? A >B L GDE A C> C C>O K D@D D ED O @ > > BK C ED= DAO EDA G> L A>GCDB > >G @DB > C@F>> 9 > 9 ?? 9 E D>= D CK ? 9 DCD >
C>?

> B ,9 02,9 ., @ @ > AN O O > B @DBELN CD? A K C O AO O > ALCD? D CDH C>> H C>O > CF> ALCK C C>? 1D
A G BD H C> @D @D D E D DB >B NI>B O B B >G
@> E DGC>@ / @> A G > @D D CC O C@F>O C H
C>O >A> DCD DH> DGCD D O C C> D DGCD E D D 1 > B @> E >B K

 

      
>
 


H C> = G> E >B

 


 

_
 

1 >B
1

L C D D >BD

H> L A ?? ??
?9 ?9



NI>


? 9
9 ?9 ?

C C>O > >


9  83
9 9

BK

C C>?

9 9 9 

 

>

 

H C> =

G E >B

 

 
>

CK

B C C>? H> L C A> >G @>B > G> A CCKB B D B> E > C G AL
AD >O   > E =DC D  D 

H C> C C>? E > CD C >   1 D@DBB C > B EDA G CCK H C>O H C>O E D D > D D D C C>? O AON O CKB> CD C D E E DGCKB> CCKB> @D D K E > D O O A NI> D K   . .48 .  8 3
.48 3 9 5  8 3
.48  . .48 .  8 3 1DA G CCK
$ 25 1 (

H C>O BD<CD

CCD E D > L

EDBDILN

C@F>>

H C> > BK C C>? C EDA G CD C> C A> >G @>B C> G> A CCKB B D B> D O @D H C> I *C CKB O AO O D H C>O L D C C>O > CDF CCK = AL 1 > H C>> > CF> ALCK C C>? G> A CCKB> B D B> BD D=
C>@ L C DE >BD DALH> DH> @> = G B D >G @> DH> D@ > DH> D@ K D H >C > D C>O C D D >BD EDBC> L G D E > @DBELN
CK CDAD >O H C>O > CF> ALCK C C>? C D D >B E D @ D D CD > EDA G CCK = AL D

_ \^\

,DBELN CK  KG> A C>O>C

CDAD >> AD 

> B ,9 02,9 ., A>=D CK C A> >G @> > G> A CCK B D K K
G> A C>O >C AD KG> AON O C DE A CCK > DE A CCK @ CK > C D CCK >C
AK >C AK BCD > E B CCK 1 > M DB E B CCKB> >C > D C>O BD K L G> A >B DALCK E B CCK > < C@F>> EDBDILN D CD? D CCD? C@F>> BD<CD D CD B CCD KG> A> L >C A D BCD > C@F>? BD >B CDAD >N KG> A C>O >C AD AO E G> A CCK A G

   C A> >G @> B D K KG> A C>O>C AD 


*C CK

X X X

A C A> >G @DB > C@F>?


1

KG> AO O EDBDILN A KG> AO C DE OE A CCK? >C DD =C O 

NI> A

D C
C@F>> C A> >G

ED @DB >

390 7,90 1

BC

0 @A>@DB O AO

KG> AO DE A CCK? >C A C @<( ED E B CCD? C><C>B C > C>B @ E A B> >C
> D C>O 1 A B> >C > D C>O BD K L >B DALCK E B C
CK G> A > < C@F>> 0 @A>@DB O AO O K < C> >C A C
A> >G @DB > KG> AO 390 7,90 1 C @< C @ <( DE A CCK? >C A BCD > E B CCK . E A B> >C > D
C>O C @ C @ 0 @A>@DB O AO O C A> >G @D K < C> E D
D =CD? D BCD > E B CCK
390 7,90 1 C@F>> 1

  CDAD >O KG> A C>O >C A > @ANG> ALCD E D > D D> A
NI B  D @A > K ED KC ALCD? C@F>> E > D C> B ? C>@ ALCD
D >B C>  D D CCD? C@F>> 390 7,90 BKB> E B B>  1DA G C> H C>O C < > B @A >H $ 19 3907 C M@ C =C G
C> >C A 1 >B K KG> A C>O >C AD E > CK C >   KG> AON O >C
AK
,
/ -

 

 

/ /

>

 

1 >B K KG> A C>O >C

AD

C A> >G @DB >

1D KC ALC N C@F>N BD<CD C M@ C C K D > L E AO L C ED CCD D D CCD? C@F>> 9 D A G ? ED@ = C C >   *= >   >   > CD G D H C>O E > =A>GCK ED D D C@F>> DE N 1 E K I> E >B E A B> >C > D C>O KA> >B DALCK E
B CCK , > - / >   ED@ = CD KG> A C> >C AD < C@F>? A G @D E A B> >C > D C>O O AON O G> A C @ C *= >   > CD G D CCDB A G EDA G CK =C G C>O >C A> >G @DB > > DGCK H C>? )C G C>O >C AD D B EDA G CK EDBDILN C@F>>  
@



AD

C
CCD?

 



>

 

KG> A C> >C AD E > D 1 D CC N C@F>N 390 7,90

>

 

KG> A C> >C AD E > G> A CCK =C G C>O E AD >C > D C>O

/ >   E > C A G ? KG> A C>O >C A @D E D C>O O AON O C@F>> ,( -( C 4 @ 4


@

A B> >C
C

48 (

$ 3 (

>

>

 

KG> A C> DE A CCD D >C A A B> >C > D C>O > C@F>?

*= >   > CD G D > B ,9 02,9 ., K A =C G C> DE A CCD D >C A C A> >G @DB > G> A CCDB > 1 > M DB D G> A CCDB >

 E
$ 3 ( > 48 (

AC

CCD? D B 9 D D JO CO O DGCK =C G C>? C >B N

B GD

C@F>>

  3> A CCK B KG> A C>O>C

D K AD 

KG> A C> >C A G> A CCDB > C D D >BD A NI> A G O X E DD =C O C K < O G = MA B C CK C@F>> X ED KC ALC O C@F>O = C > A>FK X C A> >G @D K < C> E DD =CD? A>H@DB AD<CD @G E >B C >   E > CK KG> A C>O C DE A CCK > DE
A CCK >C AD D C@F>? >C > D C>O > CK >= >  



>

AK

>

 

KG> A C> >C

AD C A> >G @>B > G> A CCKB B D DB

*= >   > CD G D E K? >C A>H@DB AD<CKB AO ALC ?H>

A D@ = A O C I>B O D D? G D > CD D JO C>BKB . <


 390 7,90



KG> A C>O >C AD G> A CCKB> B D B> EDBDILN C@F>> KEDAC CD = @ @>
A> D = C C>? I O ED D D G> A CCD D >C > D C>O D @> ED D KG> A C> D I AO O ED E > A>< CCKB D B A B C =K BKB @
CKB> / > DA G D > EDAL= N O A NI> @ CK D B AK X E OBD DALC>@D X E F>? X E DA X K H D ED O @ C DOI ? A E > D O O A>HL @DBELN CK CDAD >> KG> A C>O >C AD G> A CCKB> B D B> > B ,9 02,9 .,

   CDAD >O KG> A C>O>C G> A CCKB>B D B>


 390 7,90 1

AD 
AO O EDBDILN

> B ,9 02,9 ., G> A CCD >C > D C> D I C@F>>  390 7,90 @D D O >B >
C @

<

X1 X X

ED KC ALC O C@F>O B C ED KC ALCD? C@F>> C><C>? > C>? E AK >C > D C>O C CDAD >O KG> A C>O >C A EDBDILN C@F>>  390 7,90 C D A>G
OD CDAD >> KG> A C>O DE A CCD D >C A C A> >G @DB >
1 A B> >C > D C>O ED
E <C B BD K L G> A > C@F>>

>

 

1 >B

KG> A C>O >C

A G> A CCKB> B D B>

 1 >B K G> A CCD D >C > D C>O E > CK C >   / >   ED@ = CK G K ED D KG> A C>O DE A CCD D >C X ED KC ALCD? C@F>> E > D CD >BO 1 X >BO E > D CD D CCD? C@F>>  390 7,90 X E > D C> >B C> C@F>? D A

XE

A B> >C

> D C>O O AON O G> A >

C@F>>

3 > 0
 

  * EDAL=D >C A  

C>  >B DA 

> B ,9 02,9 ., ED= DAO KG> AO L C DE A CCK > DE A CCK >C AK C A> >G @>B> > G> A CCKB> B D B> > EDAL= O B B >G
@>? >B DA >C A D CDB >= A NI> > D

1 K? E >B CO O E > KG> A C>> C DE A CCD D >C A D D? E > KG> A C>> DE A CCD D CDAD >O KG> A C>O >C A D D> A NI B  K D C M@ C E>@ D BBK >C A EDBDILN B CN  0 !, 09908 ,8 . 35:9 ?A 1 A> K 0 CD CD? D  D EDAO E>@ D BBK K < C>? ED KC ALCD? C@F>> =C @ > CF> D C>O > E AD >C > D C>O  1DA G C> H C>O C < > B @A >H $ 19 3907 C M@ C =C G
C> >C A 1 DF K KG> A C>O >C AD EDBDILN >B DA >C A E > CK C >  *= >  > CD G D E > > EDAL=D C>> E>@ D BB ,9 02,9 ., K H C> C A> >G @DB > AO EDA G C>O D > G> A C D D >BD DEDAC> ALCD > EDAL=D L @DB C  ( >A> E E>@ D BBD? > >B DA  KG> A C> @ CK >C AD > B ,9 02,9 ., D I AO O E B BCD D@ CD D E >B C C>O C@F>> 390 7,90 E > C A> >G @DB >A>

   KG> A C> @

CK >C

AD 





>
 390 7,90



KG> A C> >C

AD

> EDAL=D C> B E>@ D BB

E > G> A CCDB >C > D C>> B D M > C@F>? BD<CD >
EDAL=D L > E>@ D BBK / >  E > CK E >B K KG> A C>O @ CK >C AD D C@F>>
 1 BD CK A G > @ CD D C DE A CCD D >C A 

E >B C C> B D CCD? C@F>> 390 7,90 > E>@ D BBK DE A CCD D >C A E > =A>GCK > C E AD >C >  X >B DALCK E B CCK D , D X G> A CCK =C G C>O E AD >C > D C>O D D  X E AD >C > D C>O = CCK C@F>OB> 3  > 0 

@ CD D > D C>O



>



KG> A C> @ CK >C

AD

   KG> A C>  C D CCK >C

> B ,9 02,9 ., ED= DAO KG> AO L >C AK @DC GCKB> E


A B> 1 > M DB > EDAL= N O < C@F>> > CDAD >> G D > A G K
G> A C>O >C AD @DC GCKB> E A B> )C G C> @DC GCD > D D=C
G O A> D >B DADB B A> D AD DB 31 3 9 1 >B K KG> A C>O C D CCK >C AD E > CK C >  *= >  BD<CD A L A NI> K D K X H C> C D CCD D >C A EDA G B C A> >G @DB > AO EDA G C>O G> A CCD D =C G C>O >C A E >B CO O @DB C  ( >A> > OE >B DADB >B DA G> A CCD D >C > D C>O  @D D K? >C A X K < C> E DD =CD? C@F>> C A> >G @DB > BD< K L AD<CKB AO D E DI C>O A D EDAL=D L O C@F>OB> $ 25 1  5,3/ ,.947 >A> > E D D >E B> @ @ M D ED@ = CD C >  E > KG> A C>> >C A D C@F>>  

AD 





A> >C < C> >C

A C >B A

DD

=CD? D D @A>@DB

> D CD

>



KG> A C> C D

CCK >C

AD

 

A>GCD >C

> D

C> 

1D KC ALC O C@F>O 1 BD< K L = C > A>FK / > DA G DM D A G OE >E D C>> M@ E >B C ALCK > A D C>? @> A G O KG> A C> >C A BD<CD D I > L ED D B A B E OBD DAL



C>@D E F>? >A> E DA H C> BD<CD EDA G> L @< E B >C ED


AOF>> C@F>> 1 ED A NI>B >C > D C> B 1 > > EDAL=D C>> > BK ,9 02,9 ., M > B D K E >B CO L C BK A > B >B A NI> D CCK C@F>> ED= DAONI> KEDAC> L
A>GCD >C > D C>
89 390 7,90 89 390 7,90 89 390 7,90
     

<


< 3<
3

( ( <
3 3

<<

(
   3

X X X

C@F>O E >CO K A NI> D D=C G C>O =C G C> C@F>>  1


B =A H >=B C C>O BC G> AD DG @ @ < D D >= ED KC AD @G E >B KG> A>B =C G C> >C A CCD? A  

C@F>> A C>


1

E
1

A>F
    

 
 

A>GCD E
 

C@F>>







CCDB A G H >C > D C>O ED DOCCK? > H C> = G> E > CD C >  

C 

*= A   > CD G D C@F>O  1 >B >   / >   E > CK E DF K KG> A C>O >C A A G = C>O ED KC AL
CD? C@F>> > A>FK > > C A> >G @D D K < C>O  
= AL K G D D >C @D K A>GCD >C > D C> D@ = AD L DGCKB / E @ >@ K >C G 0 KGCD C@F>O  1 E AO O
A>GCDB > @ @ = AL DEK M D =C G> G D >C A KG> AO O ED HCD LN K= CCD? C DGCD LN > D CK CCK @>B D =DB E > A>GCDB >C > D C>> D=C>@ C D D >BD L DF C@> ED HCD > KG> A C>O >C A 1 > B E >B 1 L = AL M@ E >B C EDA G CK CCK E > CCK A  

A>F
      

 
 

A>GCD E
   

A C>

C@F>>

1










>

 

KG> A C> >C A E > A>GCDB = ED KC ALCD? C@F>>

C>>

X X X X DF C> L ED

O KG> A> L >C A A>GCKB G> A CCKB >C > D C> B H> L = G EDA>CDB> ALCD? >C EDAOF>> KG> A> L G> A CCD =C G C> >C A C@F>> >C EDAOF>> > L O @ ED E @

HCD L G> A CCD D >C > D C>O AO KG> A C>O A>GCD D >C A C D D >BD D 89 390 7,90 E @ :207 ., ,9 H C> E > CD C >  

>

 

H C> E >B KG> A C>O >C > EDAL=D C> B >C EDAOF>>



*= >   > CD G D =C G C> >C A KG> A CCD G> A CCKB A>G


CKB >C > D C> B    > >C > D C> B C@F>>     E @ >G @> D E N 1 > M DB C@F> ? >C EDAOF>> O AO O EDA>CDB ED
D D? E C>      
 *C EDAOF>O KEDAC C BDILN D CCD? C@F>>  9 1D D CD H C> = G> >C EDAOF>> >=AD< CD A  0 B >B G D B @ >B ALC O D CD > ALC O C@ >G @ O ED HCD L >C EDAOF>> A>@ > D AO   / BD O C M D ED HCD L K
G> A C>O >C A E @ >G @> C C AN *= M D D BD<CD A L A N
I>? <CK? K D >C A KG> A CCK? ED A>GCKB CCKB BD< >B L K D@ N DGCD L A> < DH> @> M@ E >B C A>@> *B N B D A G > @D A>GCD >C > D C> E D D C D D >BD 9 D K D @D E DD =C O C I G> A CCD >C > D C> C = AL @> A G O =C G C> >C A BD< K L EDA G CD EDBDILN A>GCD D >C > D C>O CDAD >O KG> A C>O >C A A>GCKB ED D DB E > M DB D D> >= KEDAC C>O A NI> E C@ D DE A C> D A > >C > D C>O C D CD C>> >G @D D E
A C>O ED KC ALCD? C@F>> A> D C> ED KC ALCD? C@F>> KG> A C> >C A A>GCKB ED D DB BD >B M CDAD >N C E >B 1 L C D D >BD KG> A> L A NI>? >C A

X X X

B



/ >   ED@ = C >@ ED KC ALCD? C@F>> *= >@ > CD G D C@F>O B> O @ C AN > K D = >=B C C>O D C>G C > E =DCDB D D  KG> A>B =C G C> C DE A CCD D C D CCD D >C D C>G CCKB> E A B> D D  > EDAL= O @< A>GCD >C > D C> 390 7,90 H C> E > CD C >   *= >   > CD G D E DD =C O C I > < C> >C A >C A @DC GCKB E ADB > ) D A>GCD >C > D C> ED= DA>AD KG> A> L DE E > ALCD E D A> D ED KC ALC N C@F>N D  H DB 

D A

AD >C A D CCK C@F>> B ED D O K


B C KG> AO A CCK? >C A > E =DC D





1   ) ) ! 49 1  <(     
>
 

>@ ED KC

ALCD?

C@F>>

>

 

KG> A C> >C

A>GCKB B D DB



1 > A> D C>> ED KC ALCD? C@F>> > E =DC D D  > B C K =C G C> C@F>> E >  DC C =C  G D  1DM DB
A> D C> KEDAC CD > E =DC D  D  9 D C ED A>OAD C = AL
@ 1  1  ED A C> D@ >   ED@ = C = AL KG> A C>O >C A D
C>G CCDB > E =DC 0 C @D > M DB A G H C> C EDA G CD

 1 D @ E KG> A C>O>C

>ALCD A 

>

1 D > L D D CD L KG> A C>O >C A BD<CD BCD >B> ED D B> 0 CD CKB> >= C> O AON O A NI> KG> A C> E D>= D CD? E DD =CD? C@F>> E >B C C> =A>GCK B D D >C > D C>O E D =D C> ED KC ALCD? C@F>> > EDAL=D C> G> A CCD D >C > D C>O AO E D @> > >CCD > E
DD =CD? C C> = AL D KG> A C>O >C A EDBDILN C @DAL@> C>
ALCK E D BBCK >B DALCD? B B >@>

X X X X X

   KG> A C> E D>= D CD? E DD =CD? C@F>>


1 D>= D C O E DD =CD? C@F>> O AO O ED KC ALCD? C@F> ? 9 D ED= DAO D I AO L E D @ E >ALCD > = AL D >C > D
C>O C A> >G @>B> B D B> 1 D > L E >ALCD L G> A CCD D >C >
D C>O M >B B D DB C D=BD<CD / >   E > CK = AL K E D @> KG> A C>O A NI> >C
AD
,8 3 ,0

- .48

/ / /
3  







0 ,


/


/ /





>

 

1D @ E

>ALCD > = AL D KG> A C>O >C

AD



1D = AL B E D @> < B O G D >C AK KG> A CK CD 0 C @D ED KC ALC O C@F>O ED A > CF> D C>O D A>G O D > D CD? ED KC ALCD? C@F>> 1DAL=D AL DA< C E D > L EDA
G CCK E D>= D CK D > D CK K < C>? M DB C D D@ @D D B D E D @> 1 AO M D? F A> BD<CD > EDAL=D L C@F>> > BK $ 25 1 >  5,3/
  1 >B C C>  >C > D C>O =A>GCK B D D 

9 D ED D D CD C C C C>> = AL D KG> A C>O >C A G> A C


CKB B D DB EDBDILN C@F>>  390 7,90 1 , -<( > C A> >G
@>B > EDAL= NI>B D B A /LN DC
,

/   -
 ,

 

E 9

 ,

, -<(

AD >C DBA

 -

=C G C>O E DD =CK E > C><C B > > D C>O > B ,9 02,9 ., A>= O C@F> ?

C B =C G C>O
390 7,90 1

>

 

KG> A C> >C

A > E D @ D D CD > = AL





1 > B E >B KG> A C>O >C 1 L C D D >BD KG> A> L DE


 

A > E D @> D D CD > = AL A CCK? >C A


0
3

 /

> E D > L E >ALCD L D E B C C>O = AL D B DD >C > D C>O DGCD D > E > A>< CCD D 1 DF K H C>O = G> > B ,9 02,9 ., E > CK C >   *= >   > CD G D >C A KG> A C E >ALCD = AL K B D
D DE N
   C C>  = AL D >C > D C>O =A>GCKB> > B B> >B DALCD?B B >@>

9 D ED D DG > C KG> A C> >C A KEDACO @DAL@> > B >B DALCD? B B >@> = AL A O K D D D D CD > KG> A C>O >C A @G E >B C >   >   E > CK = EDBDILN > B 07 ;0  > ,9 02,9 ., A NI> AD
B
,

O EDBDILN C
C C>O = AL D AL K KG> A C>O C D CCK >C

0
/

0
, /

,
83 ,

>

 

KG> A C> >C

AD > BD? 07 ;0 



>

 

KG> A C> >C

AD > BD? ,9 02,9 .,

C A>=> O = AL K KG> A C>O >C AD BD<CD A L A NI> <CK K D K X = AL K KG> A C>O >C AD CK @ @ @ D K D >C @D K D O >E A CK =CK > CCK 0 C @D EDAL=D AL E > M DB X D K > BK 07 ;0  DA DA< C =C L G D >C A KG> AO O E > AD >> , > B ,9 02,9 ., M D AD > DD I EDAL=D AN
  0 D CCD > KG> A C>O>C  > B ,9 02,9 ., AD 

> B ,9 02,9 ., K D@D >C AA @ ALC DC D JO CO EDAL=D AN C D D >BK A G O = AL K KG> A C>? A> >C A D OI>? O D > B ED D O K < C> >C A @DBB C >OB> A> >C AC I D > B A>HL ED D O D K < C> A> >C A O DAL@D E > DE A CCK AD >O D > B K H C> > @ =K M > AD >O 1 DD =C O BD< D < L E F> AL
CK C@F>> M > A G > > CK C >   KG> AON O A NI> >C AK
B 8 3

 .48

B83

.48

 

0
/

,9 02,9 .,

C DOI ? A DE> CK E @ >G @> D CCK C@F>> > BK 0 C @D DC> >B N DALHD G> AD DEF>? ( E >B CO BK D D K A G O ) L DC> C E > D O O @ @> A G > O A> O
O CG @D? E @ >@





>

 

0 D CCD > KG> A C>O >C

AD > BD? ,9 02,9 .,

_ \^\

,DBELN CK  CDAD >> H C>O= G>C EDAOF>>


   > K>M EK @DBELN CK  CDAD >?>C
*C

EDAOF>>

EDAOF> ? C =K OE A C> C@F>>  1 = CCD? C A>


>G @> >A> > A>FK C@F> ?  @D D O > C >GC > D CD? C @D D D? D A > B C *C EDAOF>O D B CD D > ? ED D >O > D > ? =B CD ? O AO O C GCD? D CD D? BD A> D C>O >@ > A>F C BD K L BD ALN D J @ >A> O A C>O DAL@D B B
>G @ O C@F>O D B A BD< K L BD ALN >= G BD D D J @ >A> O
A C>O /D C DAL@D BD A> D C>> > EDAL= O >C EDAOF>O 0C C D D >B E > EA C> D C>> > > >G @D? D D @ M@ E >B C E > = B C AD<
CD? C A> >G @D? C@F>> DA E D D? C <CDB > E =DC >=B C C>O B C 0 CD CKB> M E B> @DBELN CK CDAD >? >C EDAOF>> O AON O K D > C@F>> >C EDAOF>> DE A C> @DM >F> C D C@F>> >C EDAOF>>

X X X DE

A C> @ CD > C@F>> >C EDAOF>> A>= F>O M > M ED DE AO O K CCKB B D DB >C EDAOF>> >
EDB E >B C C>O D CCD? C@F>> > D BD? K D CD D D@ B C > B ,9 02,9 ., ED= DAO A>=D L =A>GCK B D K > CDAD >> >C EDAOF>> DC> B > N O CCD? A I N D CD CK > >C EDAOF>> DGC O =A > E > A>< CC O =A *C EDAOF> ? DGCD? =A C =K O @ O >C EDAOF>O = AL DB @D D D? O AO O C@F>O  D E NI O =A >C EDAOF>> C@F> ?  1 @ O >C EDAOF>O ED@ = C C >  





>

 

*C EDAOF>O DGC O

=A

*C EDAOF>O DGC O =A @D O AD<C N B =@DB > E =DC =C G C>? BD<CD E >B C> L @< @ N BD AL D J @ @ K D@D? DGCD LN

E >B CO O A CKB D =DB A G O B >G @ N C@F>N = B C> L DA E D D? B C DB A G @D O C ? > B B >G


> >@> @D D D D EDA G CK M@ E >B C ALCD

*C

EDAOF> ? E > A>< CCD? =A C =K O >C EDAOF>O E > @D D D? =C G C>O C@F>>  C D E N =A D =C G C>OB> > D CD? C@F>>  1 @ O >C EDAOF>O E >B CO O AO A <> C>O C DG
CD ? > D CK CCK B B >@ DC C =K O EE D@ >B F> ? DB >G @>? BK A ED@ = C C >  
    

>

 

*C EDAOF>O E > A>< CC O

=A



X X X
>

>

 

E >CO K A MBE> >G @ O =C G C>O

NI> D D=C G C>O C@F>O C@F>> EDA G CCK M@ E >B C ALCD =CD L

DG@

@ADC C> C O=@

=A >C

EDAOF>> B <

C@F>O >C EDAOF>> MBE> >G @D? C@F>> >CKB E B @>B> @ > >OB> BD

C D > O C D CD C>> @ > > A>=D > > > D CD? EDA G CCD? M@ E >B C ALCKB >A>

X X X

K L @ADC C>? C C AN

>G @ O
3

BB

 

BB @



 
D @ADC C>? B>C>B ALC

 
C


3

  2 3
@ADC C>? B>C>B ALCD

=C G C>

 



,DBELN CK CDAD >> H C>O = G >C EDAOF>> DE AON O > DB @ > >O A>=D > MBE> >G @D? > > D CD? C@F>> G CD > B D >@D? DF C@> ED HCD ?

23

    K D  >  C@F>>>C EDAOF>> KD > C@F>> >C EDAOF>> O AO O C > DA <CKB M EDB >C EDAOF>> @ C@F>O DE AO B B >G @ N BD AL >= G BD D D J @ >A> O A C>O I N A NI> E >B CO BK E @ >G @> G ED D K K D > C@F>> X D C A> >G @>? X A>C >= F>> C A>C ?CK C@F>? X B D A>GCK =CD ? X D I C> @ E D BB B DB >= F>> K D C@F>> BD >B M > ED D K





1 E AO O > >@ >@ C> O > @ B> >E>GCK B B >G @> C@F>? > C D CD C>> > C C>O K > O ED D OI O />< E > D O O G D > EDAL= BK C@F>> > > >@>

ED D

 C@F>O 

D C A> >G @>?

E CC O C@F>O  , >@ C@F>> ED@ = C C >


 

-


, -

>

 

E CC O
3

C@F>O

,

X -D

> B>G @ O C@F>O  , >@ C@F>> ED@ = C C >

 


>
 

-D

> B>G @ O

C@F>O

,



D CD A>C ?C O

C@F>O 

>@

C@F>> ED@ = C C >

,  


,


>
 

D CD
A>C ?C O
 

C@F>O

, -

X 1D@ =

ALC O C@F>O  ,>@ C@F>> ED@ = C C >

-

, -

-


>
 

1D@ = ALC O

C@F>O

 ,-

->C >= F>O C A>C ?CK C@F>? D I AO O E B E A C>O > >CD? > B @DD >C B D DB = B CK E B CCK > 1D@ < B ED D K A>C >= F>> C E >B BD CCK KH C@F>?

ED D

 ->C

>= F>O C A>C ?CK

C@F>?





X 1D@ = X X X
1


ALC O C@F>O  ,1 DAD > B> B ED@ = ALC N C@F>N - ) B CD?  , E B CCK   EDA G>B A>C ?C N C@F>N  , E CC O C@F>O  , 1 >B C@F>N > D C> B CD K E  , B CCK  EDA G>B A>C ?C N C@F>N  ,  -D > B>G @ O C@F>O  , K C> C> D I AO O = B CD? E B CCK  1D A  = B CK E B CCK EDA G>B  , 3 3 3 3 3 3 3 3 3
3 3 3 3 3

D CD A>C ?C O

C@F>O  >

, -

>B


C@F>N

, -

O CD K E

B CCK

EDA G>B A>C ?C N

C@F>N  ,

9 D ED D ED= DAO K L E CL BCD DGA C E > EDA>CDB> ALCD? >C EDAOF>> A> 3 A>GCK =CD > C@F>>  1 D >C @D K D E CL BCD DGA C C KH 3 BD >B M D ED D C E >B

ED D

C A>=

A>GCK

=CD

1 >B

 

1 EDAD<>B G D AC > A

C@F>O >C

EDAOF>> O AO O BCD DGA CDB > E


A>F
 
  

 

A>F
 

C@F>> 1


  

  

 

  

A E > CK =C G C>O A>GCK =CD ? *= A > CD G D D K A>GCK =CD > ED DOCCK 9 D =C G> G D >C EDAOF>DCCK? EDA>CDB DA< C K L C KH D D? E C>
   

 , ,

,



= AL

H C>O =

G> >C


EDAOF>> EDA G>B



 

 
  )C
  

A>F
              

G C>O
  

A>GCK
   

=CD ?
  

   



I N C> ALCK E D BBCK ED= DAONI> C@F>N >C EDAOF>> A> > D C O C@F>O E AC DB @>B> E D BBCKB> B> O AON O
$ !  %,- 0:7;0 :7;0  5079

ED D  * EDAL=D C> E F> ALCK E D DB >= F>> >C EDAOF>>

BB
K L A>GCD?
#& 

9 > E D BBK K N DA K OG> =A>GCK C@F>? @ = C> B > ED HCD ? * DE> C> > E >B K > EDAL=D C>O E > CK
(

   0E A C> @DM >F> C D  C@F>>>C EDAOF>> ,DM >F> C K C@F>> DE AON O BCD >B> ED D B> K D ED D = >> D > C@F>> A>C ?C O C A>C ?C O EDA>CDB> ALC O BD? DGCD > >C EDAOF>> D=BD<CD ? > EDAL= BD? C> ALCD? B B >G @D? > BK > B >B D K D=BD<CD > H L = G> >C EDAOF>> ALC ?H B DC> C B> B > N O > E > D O O E >B K > A> = F>>

,9 02,9 .,

   0E A C>  @ CD C@F>>>C EDAOF>> @ CD L EDA G CCD D H C>O DE AO C@F>> ) @ > >? A>=D > C@F>? =C G C>O DAN CD? 0 > D CD > ALCD? / ? KG> AO BK ED D B A B

>

O A>G>CD? ED HCD > C > DA G D E >C>B N O C@ >G @> ED HCD


3

_





0



/

0
23

K  

 

X3 X

D B A E >CO K D D=C G C>O =CD L B < > D CD?   1


? >C EDAOF>>

C@F> ?

>

C@F>

G> AD B C D C@F>> 1 B>C>B ALCD =C G C> C@F>> 1 23 DE >B O ED HCD L H C> @ CD A> / @ / DE / DE A >B L > G D C EDA G CC O = AL BD A> D C>O C@F>O  O AO O BD ALN > A BD D D J @ >A> O A C>O A> < KEDACO O AD > / @ / DE 9 D E A> D DAL@D DB A G A> C@F>O  1 EDA G C K D@D? DGCD LN

  ,DBELN CK  CDAD >> >C EDAOF>>  ,9 02,9 .,


   *C
,9

EDAOF>O  DGC O  =A  >C EDAOF>O DGC O =A BD< K L A NI>B> B D B> X C> ALCKB X EDBDILN C> ALCK C@F>? 390754 ,9 3 !4
02,9 .,

A>=D C
342 ,

354 ,9 43

>

C> ALCK? B D C> ALCK? B D H C>O > B A >G @> C C>? ED A G CCK C D CD C>> CCK C@F>>  1 E A CCD? > A>FK >A> B >FK CDAD >O M D D ED D D D> KEDAC C>> A NI> ? >? D A C> > BK C C>? E EDA O GD > C@F>> >C EDAOF>> >= C D C@F>> H C>O > BK C C>? 1DA G C> H C>O E B C < >O @DB >C F>> @A >H 1 > B E >B K >C EDAOF>> C> ALCKB B D DB
   $ 19 3907



1 >B
C@F>O

 
 1

> A>F

 

 
  

C@F>O

1


A>GCD? D B
 

  

/ D D >BD H> L = G >C EDAOF>> DGCD? =A A> C@F>O O AO O EDA>CDBDB @ @ @ G> AD =AD 3  D EDA>CDB DA< C  ,   ,  K L E C> C KH 3
 , , D >B > B C C>?
 

, , , ,

, b ,  b , b  ,  b   , b  ,  b   , b  ,  b 


,  b    ,  b      ,  b    ,  b    

H C> EDA G>B EDBDILN C@F>> $4 ;0  , > DCO > B C C>? CDAD >O H C>O > = AL K E > CK C >

,


,

,<(

>



H C> E >B

 

>

= AL

EDA G CCD D



H C>O >C

EDAOF>DCC O D B A



>B L



 

) G >C EDAOF>> DGCD? =A CCDB A G BD<CD H> L ED


BDILN B >GCD D B D H C>O > BK A>C ?CK C C>?





CDAD >O M D D ED D D D> A NI B D C@F>>    B >F @DM >F> C D CK  @ D E K G ? > BK C C>?  D C@F>> $4 ;0 (  1DA G C> H C>O E B C < >O @DB >C F>> @A >H = AL K H C>O E > CK C >  *= >  >  > CD G D H C>O D E N


>F C >=

19

3907

>



H C>

>

BK

C C>? B

>GCKB B D DB

1 D @ D D CD > H C>O = G> >C EDAOF>>


%,- 0 1 <(

AO E D @> E >ALCD > H C>O = G> KEDAC>B A> D C> EDA


G CCD? D B AK > = AL K C>B > D CKB> CCKB> / EDBC>B G D C@F>O AOF>> ,9 02,9 ., >B >
C @

X1 X X X
9

4 !7 39 1

B O C@F>O B C C@F>> 1 C G ALCD > @DC GCD =C G C>O BC C @ H A>FK A>  D D BD<CD DE > L C@F>O %,- 0 D > @ D
D@> O C@F>O A> D C>O = E> K O >
(
C @

A>

<(

C@F>O K H C> > @ D


DA F KEDAC>B A> D C> EDA G CCD? C@F>> EDBDILN 4
C @

<(

!7 39 1



C@F>N
   )
$ 19

4 !7 39         


3907

)(

 <(

1D A C < >O @DB >C F>> @A >H

EDA G>B D

>

C> O EDA G CCK? = AL > D CKB> CCKB> < BO E


>ALCD > H C>O = G> >C EDAOF>> E K I B E >B G> AD C C>? > G> AD C >= CK D CD > D < 1 > H C>> E @ >G @> = G >C EDAOF>> > F>O O 1DG > =B K A>FK > D CK CCK E D D O ED O D@ A >G @>
C C>? G> AD =AD >C EDAOF>> =C G> > E CL >C EDAOF>> B CL
H G B =B K A>FK @> A G O D C>G CCD G> AD =AD >C EDAOF>> E > D > O K > L >= D > E =DC > D CK CCK 9 D D KGCD E > D > @ ED HCD OB >C EDAOF>>

1 >B

 

CCK M@ E >B C E

A CK

A   A>F
 
 

CCK M@ E >B C
     

 

 

 

 

C@F> ? >C EDAOF>> BD< K L EDA>CDB D D? E C>  , ,  ,   / D D >BD H> L = G >C EDAOF>> > E D > L E >ALCD L H C>O H C> E > CD C >  C C> = AL D A> D C>O > D CKB> CCKB> ED@ =K GD ED HCD > >C EDAOF>> E > C @D D K =C G C>O I CCK 9 D >
CD @< >= >@D C@F>> >C EDAOF>> > > D CK CCK E
A CCK C >   *= >   > CD G D C DG@> > D CK CCK A < C @ > D? 1
>= >@D > CD > D G D DG@> A>FK A>=@D ED D O @ @ > D? > BD<CD A L K D G D ED HCD L >C EDAOF>> B A @ @ O DC ?
> ALCD >

*=

CD G D





> 

= AL

H C>O E >B

 

KG> A>B DAN C N > D CD > ALC N C@ >G @> ED HCD > >C EDAOF>> D EDAL=D H> L D B A B> D= >B @D @ D ; > D CK CCK > @ D ; C@F>> >C EDAOF>> > KEDAC>B DE F>> DD >> D B AD? KG> A C>O ED@ = CK C >
 
 
 

AO KEDAC C>O DE D >BD D @ > >=> D D @>D L CGA K < @A >H


$ 19  

1 >B G C>

3907

 CD F>> BB> D C>O MA B C D @ D D L > C < L @A >H 1DA G CCK? @ = B C> > CK @D @> @ >GCKB> > = E> C>O C@F>N ! :8 1D A C < >O @DB >C F>> EDA G>B BB @ D =CD ? ; > ;


3907

*= > > CD G D B @ >B ALC O D CD > ALC O ED HCD L A>H@DB A>@ > C E >B CD 1DA G CC O C@F>O >C EDAOF>> C BD< K L B B >G @D? BD ALN >= G BD D D J @ >A> O A C>O O ED >@ BD<CD E EDAD<> L G D D CD CD? E >G>CD? M D D O AO O C DGCD L > D CK CCK




       
>@>


AOF>>

>  

C@F>? > D CD? >

*C

C@F>O

390754 ,9 3

!4

342 ,

,9

02,9 .,

EDAOF>O EDA>CDB B> D DHD > D C@F> ? 390754 ,9 3 !4


(

342 ,

DGCD E D D A>= C@F>O >B


O >

390754 ,9 3 !4 342 ,

X X

>F > D CK CCK B C C@F>> CDAD >O H C>O = G> DG > C 1 >

B E >B K

1 >B

 
 

1 L C@F>O  1 = C > A / D D >BD KEDAC> L EDA>CDB> ALC N >C


390754 ,9 3 !4 342 , (

EDAOF>N EDBDILN

C@F>>





>   KG> A C> ED

HCD

? >C

EDAOF>>

A>F
  

 

A>GCD =
 

C>
 

C@F>>

1
 

H C> = G> D > O @ D B >FK > D CK




 <  <   <  <  <<

A>= F>> A CCK

NI> E DF

 

D C@F>> 390754 ,9 3 !4 342 , ( / < > @DB >C F>> @A >H $ 19 3907 AO EDA G C>O H C>O H C> C M@ C >B L > ED@ = CCK? C >   = AL



*= >   A G D C@F> ? >C EDAOF>> AO O DGCKB AO D EDA G C>O E >HAD L E D > L F>> > EDAL=D C@F>N E DI C>O $ 25 1

H C> O
>C EDAO



>

 

390754 ,9 3 !4

*C EDAOF>O EDBDILN C@F>>


342 , (

C@F>O 390754 ,9 3 !4 342 , H = G> >C EDAOF>> @< AG C CDD DOI> =AD 9A B C B> @ D BD< K L C D C@F>? 1 D H 1 C> K L O > BCD DGA C D C C> B > D CD D > K < C>? 1 1

>

 

H C> = G> E >B

 

1 >B

 

C@F>O = C > A   ED A C ? D@ A>FK E > CK =C G C>O MA B C D CCK =C G C>O BC

@D

E >=

 A>F
  

_
  >
 8 3 



C@F>?
 

MA B C D

@D


 



1 DF K H C>O = G> EDBDILN C@F>> 390754 ,90!4 342 , E > CK C >   *= >   > CD G D H C> D E > D CKB> CCKB> D B A >C EDAOF>> EDA G C CD @DC GCD BD<CD D@ > L EDBDILN C@
F>? E DI C>O K < C>?

9 C@F>O ED= DAO H L = G >C EDAOF>> C CCKB> /,9, >


E =DC B C D = CCK M >B> CCKB> 1 > M DB C@F>O EE D@ >B
F>> EDAL=D AN C >= C CCK D O O > B >FK C@F>> 1 > D M D? C@F>> ,9 02,9 ., K C C@F>N >C ED
1 AOF>> CD N C@F>N
390754 ,9 3 :3.9 43
C @

C@F>O

390754 ,9 43 /,9,(

<<

 (

> E =DC B C D C@F>> >C EDAOF>> A> E L > C @ =C G C> B C >= > E =DC C @ D D @A>@DB =C G C> C@F>> E > = CCDB =C G C>> BC CDAD >O H C>O = G> E D > D D> KEDAC C>> A NI> E D
F  D B >FK > D CK CCK E > D C> B ? C>@ ALCD D >B C>  D C@F>> 390754 ,9 43 /,9,(  1DA G C> H C>O E B C < >O @DB >C F>> @A >H $ 19 3907 . >F > D CK CCK >BO BD<CD C E > > L D > L C ED
CCD C@F>N 390754 ,9 43 /,9,( BD >B CDAD >N C E >B

1 >B

 

C@F>O  1 = C > A  / D D >BD DE A> L =C G C> C@F>> E > > L D D CD L EDA G CCK H C>? H C> = G> E > CD C >  

CDB  > 

>E D

 A>F
      



A>GCD =

C>
  

C@F>> 
  

>

 

H C> E >B

 

*= >   > CD G D C@F>O 390754 ,9 43 EDAOF>> B D DB DGCKB =A = AL B> CK =C G C>O C@F>> =A >C EDAOF>>

/,9,(

H = G> >C
A> D C>O O AON O DG

   *C EDAOF>OC A>C ?CKB> C@F>OB> A> >C EDAOF>DCCD? O AO O C A>C ?C O C@F>O D AO DE A C>O @DM >F> C D B D B> DGCKB> =A > EDAL= N O A NI> ED
D X D= C> > H C> > BK C A>C ?CK C C>? X A>C >= F>O C A>C ?CD? >C EDAOF>DCCD? C@F>> E B E D =D
C>O @DD >C BD >B D ED D
 H C> > BK C A>C ?CK CDAD >O >C EDAOF>> M >B ED D DB DE AO EDAOF>> > ED D DB H C>O > BK C A>C ?CK 1D@ < B CDAD >N C E >B

ED D

C C>? O > DB C@F>> >C C C>?

1 >B
C@F>O



1

AC

>

A 





A>F
   


 

A>GCD E
   

A C>
 

C@F>>

1



*= CD G D C@F> ? >C EDAOF>> BD< K L C@F>O  ,- . / D


D >BD DE A> L C >= CK , - . > ED HCD L C@F>> >C EDAOF>>

>

 

H C> =

G> E >B





K B > A NI> @DD >C K >B > B C C>?


,,, 

C@F>>
. . .
  

> D

H>B M > B C A>C ?CK C C>? EDBDILN C@F>>  3/#449 E > NI> C G ALCK =C G C>O C >= CK ,  - .  H C> E > CD C >   *= >   > CD G D B B >G @D? BD ALN D J @ O AO O A NI O C@F>O >C EDAOF>> A
     

DAN C O > D CD > ALC O C@ >G @> ED HCD > KG> A CK DD >> D B AD?   . @ >B ALC O D CD > ALC O ED HCD L C  
ED D  ->C >= F>O C A>C ?CD? C@F>> > B ,9 02,9 ., EE D@ >B F>O C A>C ?CKB> C@F>OB> BD< KL C @ H C>N A>C ?CK C C>? E B E D =D C>O @DD >C K C> C> C@F>? D I AO O E B > E D =D C>O A>C ?C N C@F>N B D DB = B CK E B CCK / > DA E D D M > E D =D C>O D I AON O A> C A>C ?CK C@F>> >E E CC O AD > B>G @ O D CD
A>C ?C O ED@ = ALC O CDAD >O >C EDAOF>> B D DB A>C >= F>> C A>C ?CK C@F>? D D
> KEDAC C>> A NI> ? >?  1 > C> C@F>> >C EDAOF>> A>C ?C N D B  1 D =D C> B >FK > D CK CCK B >F CD K E B CCK  0 =D C> > BK A>C ?CK C C>?  H C> > BK A>C ?CK C C>?  0 =D C> C@F>> >C EDAOF>>  1 D @ @ CD > EDA G CCD? BD A> BD >B B D >@ C E >B

1 >B


1

C@F>O  A 

EDA G CC O

= AL

M@ E >B C

AC

>





A>F
   

 9@ E >B C ALCK
    

CCK > A
 

BD D D J @
   

/ D D >BD C ? > B B >G @ N BD AL > A CD G D C@F> ? >C EDAOF>> BD< K L ED@ = H C> = G> ED@ = CD C >  

BD D D J @ A> >= ALC O C@F>O  , -

>

 

H C> =

G> E >B



1 D@DBB C > B >   E K D@ > C@ C D O O @ D K > D CK CCK >B C


B> 1 > 1 ) C>B> A N < @ D K AD > B>G @DB B H AO KG> A C>O @DM >F> C D , > - A>C ?CD? C@F>> 3  3, - 3 = > D
CK CCK =O K @DD >C K    @D D K AD > B>G @DB B H >B N =C G C>O          D > B A>C ?CK C C>? >B >



   )     ) 3,

> B H O EDBDILN C@F>> $4 ;0 A NI> =C G C>O @DM >F> C D   


,0 

- 

= AL

H C>O EDA G CK D

C@F>O >C
 
 

EDAOF>> >B

>

,DM >F> C K , > - C@F>> >C EDAOF>> D@ A CK D =C G I> F> ED A = EO D? DG@> @ CD L BD A> D@ = C A> D C> B C@F>> >C EDAOF>> ED
BDILN C@F>> %,- 0 C C> = AL D A> D C>O > D CKB> CCKB> ED= DAO
A L KD K GD= G HC CD =C G C>O C@F>? E @ >G @> D E
N =A >C EDAOF>>   >   C@F>O >C EDAOF>> O AO O B B >G @D? BD ALN >= G BD D D J @ F ALN C C>O = AL D ED D D >C EDAOF>> C B> H C =
G >C EDAOF>> C A>C ?CD? C@F> ?  , - =O K < =AK >C ED
AOF>>   >   > H C > B C A>C ?CK C C>? EDBDILN C@F>>  3/#449 E > C G ALCK E > A>< C>O ,   -   H C> >B >

*= H C>O > CD G D @DM >F> C K C@F>> >C D E N D A G B A>C >= F>> C C>O

EDAOF>> E @ >G @>

  *C EDAOF>O  E > A>< CC O  =A 


*C EDAOF>O E > A>< CC O @ > >N B>C>B B C@ D A>= O > BD? >  9 >B
,9 02,9 .,

=A EE D@ >B F>O D I AO O ED >G @D? DH> @> B D C >B CLH> @ EDBDILN C@F>>  9 C@F>O

 9

<<

< (





B >F > D CK CCK E G CL => CK E B CCK B C C@F>> CDAD >O >C EDAOF>> EDBDILN C@F>>  9 << < ( D D> KEDAC C>> A NI> ? >? D B >FK > D CK CCK E > D C> B ? C>@ ALCD D >B C> C E >B  D => CK E B CCK D C@F>>  9 << < ( 1DA G C> H C>O D CD B CCKB C < > B @A >H 1 > B E >B K H C>O = G >C EDAOF>> ED E > CCD? CDAD >>
    $ 19 3907

X X X

1 >B



C@F>O

= C

>

 

A>F
    

 
  

A>GCD = C>


C@F>>
  

/ D D >BD C ? > C@F>N >C EDAOF>> CDB E >B C@F>O  9 >B L >
 9   <   <   <   5 (< (

=>




 <   << ,

H C> ED@ = CD C >


,9

 

1 >B G C> > B D D CK? GA C => CK E B CCK @D > D A O >B DALCKB> E B CCKB> C E >B  , )
02,9 .,  

 5

(<

*= > > CD G D @DM >F> C E > 1D > >BDB M => C O E B CC O C D@ > C@F>> >C EDAOF>> 1 D >B C H = G >C EDAOF>> > @ANG> => C N E H C> E > CD C >
 
 

=> CD? E B CCD?  5 ( B A =K I CCD D A>OC>O C E EDAD< C> AO G D H>B B CC N  5 (




>

 

H C> =

G> E >B



>

 

H C> =

G> E >B



>=B C CCKB

=> DB

C C> C@F>? >C EDAOF>> ED@ =K DH> DGCKB C@F>> >ALCD D A>G N O
1 >B
 

GDCH E

EDAD< C> KAD

) > >BD L K D K D CK D D= EDA G CC O = AL M@ E > B C ALCK > A D C>? E > C A / D D >BD C ? > B B >G @ N BD AL D D CK > E D > L @ CD L BD A>
 

A>F
A B
    

  )  

> >BD L K D K D CK D
       

D=
    

     

EDAD<>B G D C@F>O >C EDAOF>> E AO D D? EDA>CDB D D?  => CKB> E B CCKB> E C> , - . ) D , 1 >B C>B >C EDAOF>N E > A>< CC N =A > C@F>N  9 CDAD >O DE A C>O C@F>> >C EDAOF>> > = AL K E > CK C >  





>

 

H C> =

G> E >B

 

          
>G @D E


A C>


 

>

 

C@F>? E >B



A> D C> C@F>> K D K D CK D D= ED@ = AD G D C E K? = AO ED HCD L BD A> C =C G> ALC KG> A>B E > ALCD E > C@F>N > >@D >@> > D CD? C@F>> > DG @ > C@F>> EDA G CCD? = AL >C EDAOF>> EADHC O @ > O E > CK C >   *= >   > CD G D C @D D K =A >B N O ED HCD > >C EDAO
F>> 0F C>B M > ED HCD > KG> A> DAN C N > D CD > ALC N

>

 

KG> A C> ED

HCD

? >C

EDAOF>>





C@ >G @> ED HCD > AO M D D D EDAL= B O D B A B>   H C> E A CD C >   *= >   > CD G D ED HCD L >C EDAOF>> C E KH  .D<CD G> L G D B B >G @ O BD AL D D CK C ? C > E AO D D? EDA>CDB D D? E C>

  1

EE D@ >B F>O

EE D@ >B F>O 1 A <> AO >C EDAOF>> C@F>> = CCD? C A> >


G @DB > D CD
F>DC ALCD? C@F> ? D CC O C@F>O 1
EE D@ >B F>> C D > O E @ H> C>O
., .: :8 5,/0 2

C@F>O 1
!,/0 1

>B

>

7 3 3<(

X1 X X7 X3 X3

C@F>O = CC O C A> >G @DB > B C C@F>> 1 DG@ A>=> @D D D? E A> C@F>O EE D@ >B F>> E CL BCD DGA C G> A> AO  E CL BCD DGA C =C B C AO  CDAD >O >C EDAOF>> DG > C > C EDO C C>? 1 > B E >B K
 

1 >B

/ D D >BD KEDAC> L 1
EE D@ >B F>N C@F>>  8 3 A>=>  > L O D D CD > EE D@ >B F>> E B ED D
E > 3   > 3   C>O >@D 1 DF K EE D@ >B F>> ,9 02,9 ., >B N > E > CCK? C >   *= >   > CD G D EE D@ >B F>O KEDAC C CD > E =DC D   D   C@F>> D E N EE D@ >B F>O 1 C >B D C>G C>? C > > D CD? C@F>> A
NI>? E >B M D >AAN >
1 >B
 

/ D D >BD KEDAC> L 1
EE D@ >B F>N C@F>>  0  A>=>  > L O D D CD > EE D@ >B F>> E B ED D
E > 3   > 3   C>O >@D



  





   

>

 

EE D@ >B F>O

C@F>>

8 3

         
C@F>>

>

 

EE D@ >B F>O

 0



_
,9 02,9 .,



1 DF EE D@ >B F>> >  

>B

> E>

CCK? C

   E @

C@F>> EE D@ >B F>>  H> C>O

> B ,9 02,9 ., D <> O C@F>? EE D@ >B F>> @D D K C D O O E@ H> C>O $9,9 89 .8 > :207 ., ,9 BD >B D=BD<CD > M > C@F>? > E > B E >B K
   ->C ?C O EE D@ >B F>O

ED E @ 30,7#0 7088 43 C D O O C@F>> A>C ?CD? EE D@ >B F>> @D D K O AON O DEDAC C>OB> @ C@F>>  9 @ANG CCD? O D > BK 0 CD CKB> C@F>OB> ED E @ O AON O H = G EE D@ >B F>> CCK )< ( X #0 7088  >GC N BD AL >  > EDAL= O @ , - .  H = G E B
X #0 7088     <  <( >G @D? A>C ?CD? EE D@ >B F>> CCK  X #0 7088  1 1 < ( D I AO A>C ?C N EE D@ >B
F>N CCK  C@F>OB> 1 1
1 >B
 <
 

/ D D >BD EDA G> L BD AL D J @


 <  < 

F>O EE D@ >B F>> >B >  , C> L = AL K H C>O = AL B> EE D@ >B F>> C@F>>  9 >B L > CCDB A G C@F>O #0 7088
#0 7088  


<

<<  .

A CCD D A NI ? B >F ? 1 EDA O G D C@


EDBDILN

<

H C> E > CD C >   *= >   A G D H C> B O AO O C@F>O   D D CK? GA C > @DM >F> C E > E @ >G @> CK C AN DA >@ 89 2,90 9 D ED
< O @< = AL DB H C>O = G> EE D@ >B F>> EDBDILN C@F>>  9

>
 

H C> E >B

 







0 A>G> H C>> DG > CD C B O O CK = D JO C C>? ED E @ 43 E D@ >B F>>


30,7 9

M D EDACD

C A>=

= AL D @D D K C@F>> C A>C ?CD? E

   / A>C ?C O EE D@ >B F>O

C D O O A NI>

43 30,7 9  1 ( 43 30,7#0 7088  1 (

X X1 X X

CCK E A CCK > E> @D G CD > > B >FK > D B A C@F>> EE D@ >B F>> B C C@F>> EE D@ >B F>> E B K C@F>> 1 @D D K DE AON O = AL EE D@ >
B F>> C@F>> C A>C ?CD? EE D@ >B F>> >B N A NI> C =C G C>O C@F>N EE D@ >B F>> A>
X 43 30,7 3  1 ( K =D CC N C CCKB>  E > >= CDB > C@F>> EE D@ >B F>> 1 E B B> < = G G D > C@F>O X 43 30,7#0 7088  1 ( H K G ? = AL > > CD
43 30,7 3  1 ( DAL@D >@> H C>O ED D CD DB @ @ M D KAD A G A>C ?CD? EE D@ >B
F>> EDBDILN C@F>> #0 7088 > C@F>> EE D@ >B F>> 1 = O EDAL=D A B 0C BD< K L @ @ A>C ?CD? @ > C A>C ?CD? 1 > B E >B H C>O = G> C A>C ?CD? EE D@ >B F>>
1 >B
 

  <

C@F>O E

*= CD G D C@F>O EE D@ >B F>> C A>C ?C > >B >  ,- / D D >BD H> L = G EE D@ >B F>> > E D > L D D CD L H
C>O E B ED D C>O >@D CCDB A G   ,- , - D C@F>O 43 30,7 9 >B L >
43 30,7 9  , -)

 <

 <

A CC O >

 <

A NI ? B >FK
 <<

H C> E >

CD C >

 

< , -<(



      
 


H C> E >B


 

>

*= >   > CD G D EDA G CC O C@F>O EE D@ >B F>> E D D > A>=> @DD >C DG @ > D CK CCK 0C BD< K L B B >G @D? BD ALN >= G BD D D J @
   1DA>CDB> ALC O EE D@ >B F>O
!4 342 ,  9  3(

E @ :207 ., ,9 >B O ED E @ !4 342 ,  9 > O C@F>O EDA>CDB> ALCD? EE D@ >B F>> >B NI O >

@D D DB C D

X B X3

CCK E A CCK > E> @D C E >B > @ D >A> >FK E CL D= I BD D EDA>CDB A> CCK  E A CK > @ D D DC> O AON O =C G C>OB> D
>C C@F>>  1 F> K D B> N O DB >G @> H DB CKB >C>F A> CCK E A CK > B >FK D MA B C K B
>FK O AON O @DD >C B> DG @ C@F>>  1 C@F>O !4 342 ,  9  3( H = G EDA>CDB> ALCD? EE D@ >B
F>> ED B D C >B CLH> @ D





1>
1 >B


B E >B K EDA>CDB> ALCD? EE D@ >B F>>


 

/ D D >BD E


C@F>N D >C B> @D D D? O AO O @ D '  D? E C> @ CD L  EDA>CDBDB G BD A> CD > L EDBDILN C C>O >@D > D CD? C@F>> > BD A> CCDB A G C@F>O EDA>CDB> ALCD? >> >B L >
   !4 342 ,  9 ' (

>L

H C> E >

CD C >

 

      
>
 


C@F>> = CCD? @ D DB

1DA>CDB> ALC O EE D@ >B F>O



/ D D >BD C ? > B B >G @ N BD AL D D CK ED CCKB E > C


CKB A   1 EDA O G D BD ALN O AO O EDA>CDB D D?
E C> 3   H C> E > CD C >  

1 >B

 

>

 

B >G @ O BD AL D

D CK

C C> EDA G CCK CCK CCKB> E >B   ED@ =K GD H C>O EDACD LN D E N D G D < CD D D C@F>O C C>N C@F> ?  9 << < ( C
!4 342 ,  9  3( ED H B E >B =CKB> O AON O A>HL D BK D D
    EA ?C
>C EDAOF>O

ED E @ $5 30 9 E @ :207 ., ,9 >B O C@F>O A>= NI O EA ?C


>C EDAOF>N *C EDAOF>O @ >G @>B> EA ?C B> D E G> K D@ N DGCD L B B >G @D? BD A> G B BK >B O C E >B C@F>O >B >
$5 30 9  9 50(

X X 9 50

42548 900

CCK E A CCK > B >FK >E EE D@ >B F>> ED BDAG C>N M D EE D@ >B F>O @ >G
@>B> EA ?C B> :-0 DE @ O EE D@ >B F>O EA ?C B> 0 07 >
07



_
 



1 >B

/ D D >BD EDA G> L B B >G @ N BD AL C@F>>  1 > EDAL= O @ >G @ N EA ?C


>C EDAOF>N D D CD L H C>O E D > L >
G @> H C> E > CD C >  

E 1      

C@F>O

AC

>

A NI ? B >FK
 

.  

         

>

 

*C

EDAOF>O @ >G @>B> EA ?C B>



*= >   > CD G D H C> EDA G CD C O CDB > C A> >G @D K < C> C@F>> >C EDAOF>> D 9 D O AO O I CCKB C D @DB C@F>> $5 30 9  9 50( *= >@ A G D >C EDAOF>O KEDAC C > ALCD? DGCD LN 1 > M DB A >B L > G D EDA G CC O B B >G @ O BD AL BD< K L BD ALN >= G BD D O A C>O DAL@D DB A G A> > D CK CCK D A D ON AD >OB DGCD > 1 > EA ?C
>C EDAOF>> A <> C>O C DGCD ? > D CK CCK C

  .CD DE

>G

@ O>C

EDAOF>O

C@F>> BCD > E B CCK C GCK > E @ >G @> = G GN O G I G B C@F>> D CD? E B CCD? >E>GCKB E >B DB O AO O D >O EA C> D C>O > > >G @D? D D @> = AL D M@ E >B C M D? D >> D? D J @ >= G N O ED =C G C>OB D @A>@D E > D= ? >> C D J @ 3 @ D D )C G C>O D @A>@D DE AON O E DF M@ E >B C = AL M@ E >B C EDA G N C@F>>  1   3 @> C@F>> C O AON O B B >G @>B> BD AOB> D J @ > A D C>O AO EDA G C>O BD A> C D D >BD >B L C A> >G @> K < C>O C@F>? D
@A>@ 1DA G O >E>GC O = G >C EDAOF>> C@F>? BCD > E B C
CK D D CCD OB> O AON O X DALH> CD > K D > C@F>> >C EDAOF>> O= CCK C
D=BD<CD LN >G @D D E A C>O C@F>> C EAD @D > > < ED C @ CD > B B >G @D? BD A> X CD > D@ = AL *C EDAOF>N C@F>? BCD > E B CCK G D C =K N EE D@ >B F> ? @ E > DE A C>> B B >G @D? BD A> D KGCD > EDAL= O >C EDAO
F>O E > A>< CC O =A 1DA G C> C@F>> >C EDAOF>> C =K N >DCCKB C A>=DB >A> E D

> ? >DCCK? C A>= A G BCD > E B CCK BD<CD KEDAC> L DAL@D EDBDILN @DBELN  GC N @> = G> H> L C D=BD<CD ) G> >DCCD D C A>= D=C>@ N C DAL@D E > E D C>> BCD D
@ D CD D M@ E >B C @> = G> G D G N O M@DCDB>@ C>
@ D =D C>> B >F>C > < ED > B C> CK C @ ( > B ,9 02,9 ., ED= DAO H L = G> >C EDAOF>> BCD > E
B CCK CDAD >O >C EDAOF>> C@F>? BCD > E B CCK > B ,9 02,9 ., C > DA E D ED C C>N >B> B B >G @>B> > B B> 0C A>= O C@F> ?  9 >B NI ? >  9  (





E G CL B C D C@F>> >> GC => C@F>> >> BD K L C@F>> BD D =A>GCD D > = @ANG CCK > CK @D @> > D AO BK D = EO KB> O > CK @D @> B C K D AON O 1 G CL B C D = @ANG D = EO KB> CDAD >N >C EDAOF>> BD >B C E >B >C EDAOF>> C@F>> E B CCK E

X X X

B E

>F > D CK CCK G CL => C@F>>

>>

1 >B
.

 

>F > D CK

CCK E
 


A C

A  

A>F A B " B
 

= AL


K M@ E >B C ALCK > A D C>? D J @


    

 

 

  

  

  



 

 

 

  

  

  

/ D D >BD C ? > = > >BD L "  1 @ G C@F>> >> D=LB B A

X X X

A   E >CO K A NI> D D=C G C>O D= D DO COO K D " =E >CK C G @


NI N @


>GC N


C@F>N

" 1

 - -

-

-
CK CCK >
  

-

-

H C> = G> E > CD C >   = AL K A> D C>O C@F>> E >

A   = AL
 

A>F
"
 

 
    

C C> > D CK
   

D >C
 

EDAOF>>
     





>
*=

 

H C> =

G> E >B

 

A   > CD G D EDA G CC O C@F>O >> D DHD EE D@ >B>


> D CK CCK 9 D ED < N > G K DGCD > >C EDAOF>> DAN C O C @ >G @ O ED HCD L 0    B @ >B ALC O D CD
0 > ALC O ED HCD L / 2,  b      B>C>B ALC O D CD > ALC O


ED

HCD L / 2 3  G K ED HCD

0


b    

?C E > D O O

>

> DG > CD >


-> 
           


A L

4>H @D . DB >=> D CCD DG B D B B >


. - D D >O =D K =C C>?  A L ) 4>H @D . - C> E @ ,9 02,9 .,   . >A>CJ  C@D , / 0 CD K G> A CCD D C A>= . / @ >=B A>   AD / (> @D / 1 ,D AL@D . 3> A CCK B D K . / @ >=B A>  DDL / C>AD / 1 @ >@ B ED KG> A> ALCD? B B >
@ . K H O H@DA  D D L . C> > B ,9 02,9 ., . >C C K >
> >@  H ?C * K<>@ * . A>FK >C AD BB O D > E D>=
C>? *= C>  . D CCD >= AL D >=>@D
B
B >G @D? A> K   =C>@D @>? 1 1 D BB> D C> > KG> A> ALC O B
B >@ KE @  . / @   B> D >G 1 . DC * 0 CD K KG> A> ALCD? B B >@> . / @  LO@DCD ,9 02,9 .,  G CK? @ 1 1>   LO@DCD 1 > BK >B DALCD? B B >@> ,9 02,9 .,  > ,9 0
2,9 .,  . , 1 00  LO@DCD 1 ,9 02,9 .,   E @ B> H> C>O . /DA> < 

, E >C ,DBELN C O > B ,9 02,9 .,  AO EDAL=D


A ? . DADC
 ,DEG CD / . DC * KG> A> ALC O B B >@ E >B > = G . / @   1DAD @D . D 1 / *C EDAOF>O . D K > @DBELN CK CDAD >> > A>= F>> 1
1  


    

1DAD @D 1DAD @D 1DAD @D

N >C : / . @ D - C A>= CCK C @DBELN . >


C C K > > >@   D ? < . AL@DALB . .D A , . H>CCK B D K B B >G
@> KG> A C>? . .> 

.  

.  

. 07 ;0

AO C D 1 / %

1


AO

1 1

 

1

1

C>G *

,9 .,/

AO

 
 EE D@ >B F>O  A>C ?C O  1  



 BB
C@F>O   >@ > > D BBK  AD > B>G @DB B H
 

C@F>O 

EDAO CD? > B @DD >C

 @ D  K A C> MA B C  KO A C> @ K  C F>O   D A C> MA B C  >=B C C> ED O @ MA B C D


@DB >C> D C>   D= C>  A C> MA B C  K < C>  E D =D C>  > DCDB >G @D 


K D >AO  @DC CK?   ED CD >   DG GCK?  >@ B CO  B C O   > BB @ D O DA FD O  > CF> ALCD


 

C C>

D D CD L H C>O = G>



* *B CD CC O @DC C  *C A   *C EDAOF>O  BCD DE B >G @ O  E > A>< CC O =A


 

0 0 A L >=DAOF>> @D CO 0E D


EA ?C B>  DGC O =A 



> B >G @>?  0E F>O B B >G @ O C @ D DB B >F ?  0E >B>= F>DCCK = G>  0 D DC ALCK? EDA>CDB 

. . >  . >F  K A C> MA B C  KO A C> @ K  C F>O  D A C> MA B C  >=B C C> ED O @ MA B C D
@DB >C> D C>   D= C>  A C> MA B C  . >GCD BCD< C>  . CN
0  / 9   0  3/  472,9  0 5  35:9  0730  3/4   

1 1 B CC O  >B DALC O  1D CD @>  1DA>CDB  1 >AD -DE> AO  1 A  1 D =D C>
- EA  D CD  L   1 D>= C>  1 D>= D C O 
 


O

>DCCK? C A>=  >O 

. @AD C  ?AD 

. D

>C ALCK?  > F>?  B >GCK?   /LN DC 



> B C DB DB C > B

C C>? C O O C C>? A>C ?CK




B >GC O D B E A C>O 



> B
E D

C C>? A>C ?CK



C D B C O  EAD D D AD A CC O  H C>  D B C O  > B C C>? C A>C ?CK H C>  >G @>B ED D DB  A>GCKB ED D DB  E> D@   EA ?C
>C EDAOF>O  BB 

A> D C> C@F>>  >E CCK   DG@ E >  DGCD L KG> A C>? 

C C>

C F C C CD



 @ D > A D B A /LN DC C@F>O



-8   //%4  7     7  !7 20   7     7  !7 20   5503/  7.48  7.48  7.49  7.49  7.8. 

7.8.  7.$0.  7.$0.  7.$ 3  7.$ 3  7.%,3  7.%,3  7  77,  ,7 ,79 ,80472  0734:  0734:   0880  0880  0880  0880  09,   09,#0 : ,7 0/    342 ,  0 3  0397, 42039   0- 8 0;%   0- 8 0;&  4 0.9    425 02039  425 0  5,3/  43 : ,90  43897, 30/,  43897, 30/ 3  4394:7! 49   48  48  48 390 7,   48 390 7,   49  49  4:39  8.  8.   . 4942 . 


   0 090  09   2038 438   ; /0    ; 8478   ; 847$ 2,  49    745  $4 ;0     9   038 8902   03;, :08   03;0.9478   2 3,90    59 .    59 .    59 .    59 .!    59 .% 09,    59 .% 09,    59 .% 09,    59 .% 09,   71  71.  71  : 07   5   5,3/    5,3/   5,3/0342 3,947   5,3/:207,947   5 390 7,     5 390 7,     5%4%7   903/0/   ,.947   ,.947 ,  ,.947 ,   ,.947 390 07  ,.947 89  ,.947%0728  ,.947%0728 89   -43,..   3/ 3 2:2   3/#449    9    ,9903   447  4:7 0748%7,381472   4:7 07$ 3%7,381472   4:7 07%7,381472   700"  70830    70830 $   : $ 25 1   :3.9 43 5,3/  ,22,   ,22,#0 :,7 0/     0 03-,:07  0307, 0/,7 ,79 042097 .0,3  ,7243 .0,3  072 90  /039 9 ,97  2  38079  390 7,90   390754 ,90#449  390754 ,9 3 :3.9 43  390754 ,9 3 !4 342 ,  390754 ,9 3 ":,39 0  390754 ,9 43  390780.9 43  3907;,  80.9 43  3907;, 0 943  3907;, $0.,3/  3;0780    3;078071  3;078071  3;07804:7 07%7,381472  


E D 3;0780 ,5 ,.0%7,381472  3;0780 %7,381472   ,.4- !  ,.4- 09,   4 3  , :0770  ,5 ,.0%7,381472  ,89    0 03/70!  0 03/70"  03 9  2 9  30,7!74 7,2 3  30,7$4 ;0    89  89 390 7,90  89! 49  4  4 ,22,   4 390 7,   4 30,7 89! 49  4 30,7! 49  4 89! 49  4 4 89! 49  4 4 ! 49  4 ! 49  ,39 88, 543039  ,97 472   ,97 "  ,  0,3  0,30; ,9 43  0/ ,3  0/ ,30; ,9 43  02-07"   3  4/  40- :8:  : 9 5 0 89! 49 

C@F>O

    (  3))3  $4 ;0      390 7,90  , 2 0   3 2 0  43 30,7 9  43 30,7#0 7088  472,  !74/:.9  #4498  $4 ;0   $:2  !,/0  !,7,2097 .! 49   !,79  !07.039 0,7 ,79 ! 0 ,79 ! 49  ! 49   ! :8  !4 ,7! 49  !4 ,22,   !4 342 ,  9  !48 9 43  !4 07 5,3/  !70503/  !7 20  !7 20!  !74/:.9  !80:/4 3;0780  ":,39 0  ":49 039  #,3/42   #,3 0  #,9 43, 0  #0  #0 7088  #089  #0;0780 


#4490,3$ :,70  #4498  #49,90 019  #49,90# 9  #4:3/  $0.  $0.  $00/#,3/42   $07 08   $09  $090 , 0/  $ 4  $ 3  $ 25 1  $ 3  $ 3  $ 3 390 7,   $ 3 390 7,   $4 ;0    $479  $5 30 9  $679  $70 3088  $9,. 0/,7 ,79 $9,3/,7/0; ,9 43  $9 7 3 $  $9 7 3 $  $:-97,.9742  $:2   %,- 0    %,- 0472    %, 0  %,3  %,3  %03847#,3  % 208  % 208  %7  %7,385480   %7  5,3/   %7 ,.947  %7 #0/:.0  %7 %4 5  &3 43  ',7 ,.0,9,  '0.947"  0 7897,88!   09,  %7,381472   > B >G @ O  AO  >C ALC O  

>C


 

ALC O ED@ = ALC O

=AD< C> E CCD? O  > >G @> E A C>?




9? > 

3 3> AD I CCD   @DBEA @ CD   B @ >B ALCD  B>C>B ALCD  ED D  F>DC ALCD  A G ?CD   E F> ALCD  F AD  9 9@ B B  9AA>E >G @>? >C

A

Вам также может понравиться