Logic & Critical Reasoning Book-Final...0!-++$,("!(-*’!!! ...

223
"#$%& ’ ()%*%&+, -.+/#0%0$ (#0&.1*2+, 3#204+*%#0/ +04 5.&60%72./ #8 9:+,2+*%#0 ;0+04 <+=1)+>+/6 ?+%4=+ ’ ;04).@ 9)%&>/#0

Transcript of Logic & Critical Reasoning Book-Final...0!-++$,("!(-*’!!! ...

!!

"#$%&!'!()%*%&+,!-.+/#0%0$!

(#0&.1*2+,!3#204+*%#0/!+04!5.&60%72./!#8!9:+,2+*%#0!

;0+04!<+=1)+>+/6!?+%4=+!'!;04).@!9)%&>/#0!

! A!

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

.

! X!

.

:/;'(.%<.5%$,($,-=..

.

>$4,.?=.!2*1+($,-./$).:("7$4@1(-.%<.A$<%2+/'.!$/'B-4-.

!57.?=. . A)($,4<B4$*.!2*1+($,-. . . . .

.

57.C=. . D4/*2/++4$*.!2*1+($,-. . . . .

.

57.E=. . F/''/"4%1-.6(/-%$4$*.4$.!2*1+($,/,4%$. .

.

>$4,.C=.F%2+/'.GH/'1/,4%$.%<.!2*1+($,-..

.

57.I=. . 524,(24/.<%2.GH/'1/,4$*.!2*1+($,-.. ............. .

.

57.J=. . :7(.K/$*1/*(.%<.L2%M%-4,4%$/'.K%*4". . .

.

57.N=. . :2/$-'/,4%$.4$,%.L2%M%-4,4%$/'.K%*4". . .

.

>$4,.E=.F%2+/'.:("7$4@1(-.%<.!$/'B-4-.A.

. .

57.O=. . :21,7P:/;'(.!$/'B-4-. . . . .

. .

57.Q=. . A$)42(",P:/;'(.!$/'B-4-. . . . .

.

57.R=. . :21,7P:2((.!$/'B-4-. . . . .

.

>$4,.I=.F%2+/'.:("7$4@1(-.%<.!$/'B-4-.AA. . .

. .

57.?S=.. T/,12/'.D()1",4%$=.61'(-.%<.A$<(2($"(. . .

. .

57.??=.. T/,12/'.D()1",4%$=.61'(-.%<.6(M'/"(+($,. .

. .

57.?C=.. T/,12/'.D()1",4%$=.L2%%<.61'(-. . . .

.

.

.

.

.

.

.

.

.

! P!

814)(-./$).GU(2"4-(-=.

.

57/M,(2.?. . !2*1+($,.A)($,4<4"/,4%$. . . . .

. .

57/M,(2.C. . D4/*2/++4$*.!2*1+($,-. . . . .

.

57/M,(2.E. . F/''/"4%1-.6(/-%$4$*.4$.!2*1+($,/,4%$. .

.

57/M,(2.I. . 524,(24/.<%2.GH/'1/,4$*.!2*1+($,-. . .

.

57/M,(2.J. . :7(.K/$*1/*(.%<.L2%M%-4,4%$/'.K%*4". . .

.

:2/$-'/,4%$.814)(. . . . . .

.

57/M,(2.N. . :2/$-'/,4%$.V%2#;%%#. . . . .

.

:21,7P:/;'(.814)(. . . . . .

.

57/M,(2.O. . :21,7P:/;'(.!$/'B-4-. . . . .

.

57/M,(2.Q. . A$)42(",P:/;'(.!$/'B-4-. . . . .

.

:21,7P:2((.61'(.814)(. . . . .

.

57/M,(2.R. . :21,7P:2((.!$/'B-4-. . . . .

.

T/,12/'.D()1",4%$.61'(.814)(. . . .

.

57/M,(2.?S. . T/,12/'.D()1",4%$.!"#$%&'(&)*($+$*,$& & .

.

57/M,(2.??. . T/,12/'.D()1",4%$.!"#$%&'(&!$-#.,$/$*0. .

.

57/M,(2.?C. . T/,12/'.D()1",4%$&1+''(&!"#$%& & & .

.

!$-&(2.W(B. . . . . . . . . .

.

.

.

.

.

.

.

.

.

.

! R!

>$4,.?.

!2*1+($,-./$).:("7$4@1(-.%<.A$<%2+/'.

!$/'B-4-.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

! E!

57/M,(2.?..

A)($,4<B4$*.!2*1+($,-..

?X?. :7(.('(+($,-.%<./$./2*1+($,.

!"#$%&! +04! &)%*%&+,! ).+/#0%0$! &#C1)%/.! *6+*! 4#C+%0! #8! %072%)=! @6.).!+)$2C.0*/!+).!*6.!L+/%&!#LK.&*/!#8!%0:./*%$+*%#0I!3)#C!+!,#$%&+,!1#%0*!#8!:%.@! +)$2C.0*/! +).! *+>.0! *#! L.! +! /1.&%8%&! >%04! #8! .0*%*=F! +04! 0#*!0.&.//+)%,=! /#C.*6%0$! *6+*! 1.#1,.!4%/+$)..! #)! +$)..!@%*6I!O8*[email protected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

• ;!/!)($!+!&,+%C!Z!*6+*!*6.!1).C%/./!#8!*6.!+)$2C.0*!+).!*)2.I!!

• ;0!-'/&"&'(-!+!&,+%C!Z!*6+*!*6.!1).C%/./!/211#)*!*6.!&#0&,2/%#0I!!!!

! S!

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`2./*%#0/T!! aM6+*!*%C.!%/!%*bc!aM6.).!%/!*6.!C+,,bc!aW#@!*+,,!+).!=#2bc!!^L_!(#CC+04/T!! a(,#/.!*6.!4##)Ic!a3%04!*6.!C+,,Ic!ad.*!*6.!C%,>Ic!!^&_!9N&,+C+*%#0/T!! aO2&6ec!af'ggfhiec!aVO3Oec!!^4_!G*+*.C.0*/T!! a<#60!%/!*+,,c!a;,,!4#$/!+).!+0%C+,/c!aj!%/!$).+*.)!*6+0!Sc!!56.! 4%/*%0$2%/6%0$! 8.+*2).! #8! /*+*.C.0*/F! %0! &#C1+)%/#0! *#! 72./*%#0/F!&#CC+04/F! +04! .N&,+C+*%#0/! %/! *6+*! /*+*.C.0*/! .N1).//! ."*.*,-(-*',I!Q)#1#/%*%#0/! +).! *6.! >%04/! #8! *6%0$/! *6+*! &+0! L.! *)2.! #)! 8+,/.F! +04! /#!/*+*.C.0*/!+).!4.)%:+*%:.,=!*6.!>%04/!#8!*6%0$/!*6+*!&+0!L.!*)2.!#)!8+,/.I!Q)#1#/%*%#0/!6+:.! ("$(01&2!+$!3+&4 )*'(&'(I! 56.%)! &#0*.0*! %/! #8! *6.! *=1.!

! k!

@6.).! %*! %/!+11)#1)%+*.! *#!/1.+>!#8! *)2*6!+04! 8+,/%*=I!3#)!.N+C1,.F! %*! %/!.%*6.)!*)2.!#)!8+,/.!*6+*!<#60!%/!*+,,l!*6+*!+,,!4#$/!+).!+0%C+,/l!+04!*6+*!j!%/! $).+*.)! *6+0! SI! U=! &#0*)+/*F! .N&,+C+*%#0/F! &#CC+04/! +04! 72./*%#0/!&+00#*!L.! *)2.!#)! 8+,/.I!3#)!.N+C1,.F! %*! %/! *)2.!#)! 8+,/.! *6+*! *6.!4##)! %/!&,#/.4! #)! #1.0F! L2*! %0! )./1#0/.! *#! *6.! &#CC+04! a&,#/.! *6.! 4##)c! #0.!.%*6.)!#L.=/!%*!#)!4%/#L.=/!%*I!B*!C+>./!0#!/.0/.!*#!/+=!%0!)./1#0/.!*#!*6.!&#CC+04! a(,#/.! *6.! 4##)ec! a5)2.Ic! "%>.@%/.F! %0! )./1#0/.! *#! *6.!72./*%#0!Y@6+*!*%C.!%/!%*bJ!#0.!+0/@.)/!@%*6!*6.!*%C.F!L2*!0#*!@%*6!Y*)2.J!#)! Y8+,/.JI! `2./*%#0/F! &#CC+04/F! +04! .N&,+C+*%#0/! 4#! 0#*! 6+:.! *)2*6].:+,2+L,.!&#0*.0*I!!!3#)! *6.! 12)1#/.! #8! &,+)%8=%0$! *6%/! .:.0! C#).F! @.! &+0! %0*)#42&.! *6.!&#0&.1*! #8! +! )!(&#*"54 %-,(!6&I! ;! &+*.$#)=! C%/*+>.! #&&2)/! @6.0! +!1)#1.)*=!+11)#1)%+*.!8#)!#0.!&+*.$#)=!%/!+11,%.4!*#!+!&+*.$#)=!*#!@6%&6!%*!4#./!0#*!+11,=I!!!9NI![I[IX!!aA!6+/!1+).0*/!8)#C!;C.)%&+Ic!!5+>%0$!YAJ!*#!L.!*6.!0+C.!#8!*6.!02CL.)!AF!+04!0#*!#8!+!62C+0!L.%0$!#)!+0!+0%C+,F!%*!%/!%0&#6.).0*!*#!/+=!*6+*!*6.!02CL.)!*@#!6+/!1+).0*/!8)#C!;C.)%&+I! 56.! ).+/#0! @6=! %/! *6+*! 02CL.)/! Z%0! *6.! ,%*.)+,! /.0/.]! 4#0J*!6+:.!L%#,#$%&+,!1+).0*/!#)!&#C.! 8)#C!/1.&%8%&!0+*%#0/I!56.!1)#1.)*=!#8!6+:%0$! +! 1+).0*! +11,%./! 1)#1.),=! +04! +11)#1)%+*.,=! %0! %*/! 0#)C+,!C.+0%0$! *#! +0%C+,/F! +04! &+0! L.! .N*.04.4! ).+/#0+L,=! @.,,! *#! &.)*+%0!#*6.)! &+*.$#)%./F! /2&6! +/! 1,+0*/F! L2*! /2).,=! 0#*! *#! 02CL.)/I! ;/! +!&#0/.72.0&.F!@.!&+0!).$+)4! *6.! %0&#6.).0&.! %0![I[IX!+/!+!1)#42&*!#8!+!&+*.$#)=!C%/*+>.I!!!M%*6!*6.!&#0&.1*!#8!+!&+*.$#)=!C%/*+>.!@.!&+0!&,.+),=!4.8%0.!/*+*.C.0*/!+/! *6#/.! 4.&,+)+*%:.! /.0*.0&./! 8#)! @6%&6! *6.! 1)#1.)*=! #8! *)2*6! %/!+11)#1)%+*.,=!4.8%0.4I!;04!@.!&+0!/*+*.!@6=!72./*%#0/F!&#CC+04/F!+04!.N&,+C+*%#0/!+).!0#*!/*+*.C.0*/!%0!:%)*2.!#8!*6.!8+&*!*6+*!%*!@#2,4!L.!+!&+*.$#)=!C%/*+>.!*#!+11,=!*)2*6!+04!8+,/%*=!*#!+0=!#8!*6.CI!!!m#@! $%:.0! #2)! 4.8%0%*%#0! #8! +0! +)$2C.0*F! [I[IP! L.,#@! %/! 0#*! +0!+)$2C.0*!L.&+2/.!0#!/*+*.C.0*/!+).!C+4.!%0!*6.!/.72.0&.I!!

! j!

9NI![I[IP!!W#@!C+0=!1+1.)!&21/!+).!#0!*6.!*+L,.b!O2&6e!(,#/.!*6.!4##)I!.

W+:%0$! $#0.! *6)#2$6! *6.! 8204+C.0*+,! ).+/#0! @6=! +)$2C.0*/! +,@+=/!+04! #0,=! %0:#,:.! /*+*.C.0*/! %*! %/! *%C.! *#!C+>.! +! &+).82,! 72+,%8%&+*%#0!+L#2*!6#@!@.!+&*2+,,=!/1.+>I!B0!C+0=!%0/*+0&./!@.!1)./.0*!+)$2C.0*/!L=! 2/%0$! 72./*%#0/I! M.! 2/.! 72./*%#0/! 8#)! 12)1#/./! #8! /*=,.F!1)./.0*+*%#0F! +04! 1.)6+1/! .:.0! /+)&+/*%&! 8,+:#)I! m.:.)*6.,.//F! .:.0!*6#2$6!@.!2/.!72./*%#0/[email protected]!1)./.0*%0$!+0!+)$2C.0*F!*6.!72./*%#0!%/!#0,=!1)./.0*!%0!*6.!%C1,%&%*!+)$2C.0*I!M.).!*6.!+)$2C.0*!C+4.!.N1,%&%*!0#!72./*%#0!@#2,4!L.!1)./.0*I!!!!!9NI![I[IR!!(+0!=#2!8%04!+!).+/#0!*#!:#*.!8#)!+!-.12L,%&+0!0.N*!*.)Cb!G#F!=#2!/6#2,4!:#*.!8#)!+!n.C#&)+*I!!!56.! /.72.0&.! #8! /*+*.C.0*/! +L#:.! &#0*+%0/! +! 72./*%#0! 8#,,#@.4! L=! +!/*+*.C.0*I!56.!+)$2C.0*!*6+*!%/!#88.).4!+L#:.!).+,,=!$.*/!*)+0/,+*.4!#2*!+/!*6.!8#,,#@%0$I!!!B8!*6.).!%/!0#!).+/#0!*#!:#*.!8#)!+!-.12L,%&+0!0.N*!*.)CF!*6.0!=#2!/6#2,4!:#*.! 8#)! +!n.C#&)+*I!56.).! %/!0#! ).+/#0! *#! :#*.! 8#)! +!-.12L,%&+0!0.N*!*.)CI!G#F!=#2!/6#2,4!:#*.!8#)!+!n.C#&)+*I!!.

G#F! %*! %/! %C1#)*+0*! *#! >..1! %0!C%04! *6+*! *6.! *.&60%&+,! 4.8%0%*%#0! #8! +0!+)$2C.0*!8)#C!+!,#$%&+,!1#%0*!#8!:%.@!).72%)./!*6+*!+,,!#8!*6.!.,.C.0*/!#8!%*! +).! /*+*.C.0*/I!o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

.

! [D!

?XC. W(B-.<%2.4)($,4<B4$*./2*1+($,-.

!;)$2C.0*/!#&&2)!%0!+!:+)%.*=!#8!&#0*.N*/F!+04!#0.!#8!*6.!C#/*!&#CC#0!&#0*.N*/!*6.=!#&&2)!%0!%/!*6.!0+*2)+,!,+0$2+$.!#8!*6.!/1.+>.)!C+>%0$!*6.!+)$2C.0*I! 3#)! .N+C1,.F! 0+*%:.! 90$,%/6! /1.+>.)/! *=1%&+,,=! 1)./.0*!+)$2C.0*/! %0! 90$,%/6F!@6%,.! 0+*%:.! d.)C+0! /1.+>.)/! *=1%&+,,=! 1)./.0*!+)$2C.0*/! %0!d.)C+0I! B0!+44%*%#0F!+0!+)$2C.0*! %/!#88.).4!#0,[email protected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

1+$/2%$&&

)*32,.0'+%&

4'*,#"%2'*&

)*32,.0'+%&3#)! 56.).8#).!

G%0&.! 562/!

U.&+2/.! W.0&.!G..%0$!*6+*! ;//2C%0$!*6+*!

d)+0*.4!*6+*! 3#)!*6%/!).+/#0!

56%/!%/!*)2.!L.&+2/.! ;&&#)4%0$,=!

56.!).+/#0!%/!*6+*! (#0/.72.0*,=!3#)!*6.!).+/#0!*6+*! 56%/!L.%0$!/#!

B0!:%.@!#8!*6.!8+&*!*6+*! B*!8#,,#@/!*6+*!

B*!%/!+!8+&*!*6+*! 56.!C#)+,!%/!;/!/6#@0!L=!*6.!8+&*!*6+*! M6%&6!1)#:./!*6+*!

d%:.0!*6+*! M6%&6!C.+0/!*6+*!

B0!+/!C2&6!+/! 3)#C!@6%&6!@.!&+0!%08.)!!O0.!&+00#*!4#2L*!*6+*! G#!

.

Q).C%/.! +04! &#0&,2/%#0! %04%&+*#)/! +).! *6.! C+%0! &,2./! 8#)! %4.0*%8=%0$!+)$2C.0*/! +04! +0+,=\%0$! *6.%)! /*)2&*2).I! M6.0! 1,+&.4! L.*@..0! *@#!/.0*.0&./!*#!8#)C!+!&#C1#204!/.0*.0&.F!+!&#0&,2/%#0!%04%&+*#)!/%$0+,/!*6+*!*6.!8%)/*!/.0*.0&.!.N1).//./!+!1).C%/.!+04!*6.!/.&#04!+!&#0&,2/%#0!

! [[!

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

! [A!

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

7,4 (0&4.!,,!#&4 -'(&'8&84(*4,0*<4(0!(4,*%&(0-'#4 -,4 (0&4)!,&4*"4 ,0*<4<054

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

! [X!

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

!;)$2C.0*/! +).! ,%>.! &6.C%&+,! &#C1#204/F! *6.=! 6+:.! 1+)*/l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

! [P!

9NI![IXI[!!V+)*%0/:%,,.! %/! %0! o+0/+/I! 9:.)=! *#@0! %0! 5.N+/! 6+/! +*! ,.+/*! RD! 1.#1,.!,%:%0$!%0!%*I!V+)*%0/:%,,.!%/!+!*#@0I!V+)*%0/:%,,.!6+/!AD!1.#1,.!,%:%0$!%0!%*I!G#F! V+)*%0/:%,,.! %/! 0#*! %0! 5.N+/I! B8! V+)*%0/:%,,.! %/! 0#*! %0! 5.N+/F! *6.0!V+)*%0/:%,,.!%/!%0!o+0/+/I!!B0!.N+C1,.![IXI[!*6.!/2L]&#0&,2/%#0!%/!*6+*!V+)*%0/:%,,.!%/!0#*!%0!5.N+/I!B*! %/! ).+&6.4! #0! *6.! L+/%/! #8! *6.! /.&#04F! *6%)4F! +04! 8#2)*6! /.0*.0&.!1).&.4%0$!%*I!56.!C+%0!&#0&,2/%#0!%/!*6.!8%)/*!/.0*.0&.!*6+*!V+)*%0/:%,,.!%/!%0!o+0/+/I!56.!@6#,.!+)$2C.0*!&+0!L.!:%[email protected]!%0!*6.!8#,,#@%0$!@+=T!!9:.)=!*#@0!%0!5.N+/!6+/!+*!,.+/*!RD!1.#1,.!,%:%0$!%0!%*I!V+)*%0/:%,,.!%/!+!*#@0I!V+)*%0/:%,,.!6+/!AD!1.#1,.!,%:%0$!%0!%*I!

!V+)*%0/:%,,.!%/!0#*!%0!5.N+/I!B8!V+)*%0/:%,,.!%/!0#*!%0!5.N+/F!*6.0!V+)*%0/:%,,.!%/!%0!o+0/+/I!

V+)*%0/:%,,.!%/!%0!o+0/+/I!!!

Y! J! %/!+!8#)C+,!/=CL#,!C+)>%0$!*6+*!*6.!/.0*.0&.!8#,,#@%0$!%*!6+/!L..0!4)+@0! 8)#C! *6.! /.0*.0&./! +L#:.! %*I! YpppppppppppppJ! %/! +! 8#)C+,! /=CL#,!C+)>%0$!*6+*! *6.!/.0*.0&.!204.)0.+*6! %*! %/! *6.!C+%0!&#0&,2/%#0!4)+@0!

8)#C! *6.! /.0*.0&./! +L#:.! %*! &#C%0$! +8*.)! *6.! Y! JI! B0! $.0.)+,F! @.! 12*!+)$2C.0*/! %0*#!,(!'8!"84/*"%I! B0!/*+04+)4!8#)C!1).C%/./!&#C.!L.8#).!

*6.! &#0&,2/%#0F! +04! *6.! &#0&,2/%#0! %/! C+)>.4! L=! .%*6.)! Y! J. #)! +!YppppppppppppJ!+L#:.!*6.!&#0&,2/%#0I!.

?XI. W4$)-.%<./2*1+($,-..

!Q.)6+1/! #0.! #8! *6.! &.0*)+,! 1)#K.&*/! #8! ,#$%&! +04! &)%*%&+,! ).+/#0%0$! %/!1)#:%4%0$! +! &,+//%8%&+*%#0! #8! 4%88.).0*! >%04/! #8! +)$2C.0*/! #8! +04!./*+L,%/6%0$!.:+,2+*%:.!&)%*.)%+!8#)!*6.!4%88.).0*!>%04/I!!H,*%C+*.,[email protected]!+0!+)$2C.0*!%/!1)./.0*.4!@6+*!#0.!@+0*/!*#!>0#@!%/!@6.*6.)!*6.!+)$2C.0*!%/!$##4I!-.C.CL.)F!*6.!1#%0*!#8!+0!+)$2C.0*!%/!*#!#88.)!).+/#0/!8#)!*6.!*)2*6!#8!+!1)#1#/%*%#0I!56.!1).C%/./!.0&#4.!*6.!).+/#0/F!+04!*6.!&#0&,2/%#0!%/!*6.!1)#1#/%*%#0!/211#)*.4!L=!*6.!).+/#0/I!56.!0+*2)+,!72./*%#0!)+%/.4!L=!+0=!+)$2C.0*!%/F!a/6#2,4!#0.!+&&.1*!*6.!&#0&,2/%#0!$%:.0!*6.!).+/#0/!#88.).4Ic!

! [R!

!B0! .:+,2+*%0$! +)$2C.0*/! *6.! 8%)/*! *6%0$! *6+*! #0.! C2/*! *2)0! *#F! +8*.)!4.*.)C%0%0$!@6+*!*6.!1).C%/./!+04!&#0&,2/%#0!+).F!%/!4.*.)C%0%0$!@6+*!>%04! #8! +)$2C.0*! %/! L.%0$! #88.).4I! -.&+,,! 8)#C! [I[! *6+*! +0! +)$2C.0*!C+>./! *@#!>%04/!#8!&,+%C/I!;! 8+&*2+,!&,+%CF! *6+*! *6.!1).C%/./!+).! *)2.l!+04!+0!%08.).0*%+,!&,+%CF!*6+*!*6.!1).C%/./!/211#)*!*6.!&#0&,2/%#0I!56.!0#*%#0!#8!,$..*"(!%/!@6.).!@.!*2)0!*#!4.*.)C%0.!@6+*!>%04!#8!+)$2C.0*!%/! L.%0$! #88.).4I! 3)#C! +! ,#$%&+,! 1#%0*! #8! :%.@! *6.).! +).! L+/%&+,,=! *@#!>%04/!#8!/211#)*!*6+*!&+0!L.!#88.).4I!!!7'8$)(-2&4 ,$..*"(! Z!+0!+)$2C.0*! %/! %042&*%:[email protected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l!*6.!&#0&,2/%#0!6+/!*#!L.!*)2.I!!9NI![IPIA!!9%*6.)! +! -.12L,%&+0! &+04%4+*.! @#0! *6.! .,.&*%#0! #)! +! n.C#&)+*%&!&+04%4+*.! @#0! *6.! .,.&*%#0I! ! ;! -.12L,%&+0! &+04%4+*.! 4%4! 0#*! @%0! *6.!.,.&*%#0I!!56.).8#).F!+!n.C#&)+*%&!&+04%4+*.!@#0!*6.!.,.&*%#0I!!

! [E!

;,*6#2$6! L#*6! >%04/! #8! +)$2C.0*! +).! .72+,,=! %C1#)*+0*F! #2)!&#0&.0*)+*%#0!@%,,!L.!#0!4.42&*%:.!+)$2C.0*/I!!!

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

! [S!

57/M,(2.C. .

D4/*2/++4$*.!2*1+($,-!!.

CX?. G'(+($,-.%<.)4/*2/+-.

.

O0&.!+0!+)$2C.0*!6+/!L..0! %4.0*%8%.4F! %*! %/!#8*.0!2/.82,! *#!4%+$)+C! %*/!/*)2&*2).I!B0!*6%/!/.&*%#0!@.!@%,,!,##>!#:.)!*.&60%72./!8#)!4%+$)+CC%0$!+)$2C.0*/I!!;0! +)$2C.0*! 4%+$)+C! %0:#,:./! *6.! +11,%&+*%#0! #8! *6)..! >%04/! #8!/=CL#,/I!!@$%3&",T![F!AF!XF!PF!RF!EF!q!!A*-'(T!r!!B$..*"(,T!! ppppppppp!! ! ! !!m2CL.)/!+).!2/.4!+/!0+C./!#8!*6.!&,+%C/!*6+*!&#0/*%*2*.!*6.!+)$2C.0*F!/2&6!+/! *6.!1).C%/./!+04!*6.!&#0&,2/%#0I!Q,+&%0$!+! YrJ!L.*@..0!*@#F!#)!C#).F!1).C%/./!C.+0/!*6+*!*6.!1).C%/.!+).!K#%0*,=!@#)>%0$!*#$.*6.)!*#!/211#)*! +! &#0&,2/%#0I! 56.! ,%0.! %/! 2/.4! *#! %4.0*%8=! +! /211#)*! ).,+*%#0!L.*@..0!1).C%/./!+04!+!&#0&,2/%#0I!56.!1).C%/./!$#!+L#:.!*6.!,%0.F!+04!*6.!&#0&,2/%#0!204.)0.+*6I!!9*',-8&"4(0&4/*++*<-'#4!"#$%&'(,T!!C;!%.+&!AI[I[!!G#C.!1.#1,.! *6+*!+**.04!&62)&6!4#0J*!L.,%.:.! %0!d#4I!U2*!/#C.!1.#1,.!*6+*!4#0J*!+**.04!&62)&6!L.,%.:.!%0!d#4I!G#F!@6.*6.)!#0.!L.,%:./!%0!d#4!#)!0#*!&+00#*!L.!4.*.)C%0.4!L=!@6.*6.)!*6.=!$#!*#!&62)&6I!!s^[_!G#C.!1.#1,.!*6+*!+**.04!&62)&6!4#0J*!L.,%.:.!%0!d#4tI!U2*!s^A_!/#C.!1.#1,.! *6+*! 4#0J*! +**.04! &62)&6! L.,%.:.! %0! d#4tI! G#F! s^X_!@6.*6.)! #0.!L.,%.:./! %0! d#4! #)! 0#*! &+00#*! L.! 4.*.)C%0.4! L=! @6.*6.)! *6.=! $#! *#!(62)&6It!!

! [k!

! ! ! ! ! ^[_!r!^A_!! ! ! ! ! !!!!!^X_!!4

C;!%.+&4AI[IA!!;,,! $##4! +*6,.*./! .+*! 6.+,*6=! 8##4I! G%0&.F! +,,! $##4! +*6,.*./! *)+%0! 6+)4I!;04!6.+,*6=!8##4!%/!0.&.//+)=!8#)!*)+%0%0$!6+)4I!!s^[_!;,,!$##4!+*6,.*./!.+*!6.+,*6=!8##4It!G%0&.F!s^A_!+,,!$##4!+*6,.*./!*)+%0!6+)4It!s^X_!;04!6.+,*6=!8##4!%/!0.&.//+)=!8#)!*)+%0%0$!6+)4It!!! ! ! ! ^A_!r!^X_!! ! ! ! !!!!!^[_!!M6%,.! %0! .N+C1,.! ^AI[I[_! @.! 6+:.! +! /*)+%$6*8#)@+)4! +)$2C.0*! *6+*!&#C./!@%*6! 1).C%/./! 8%)/*F! +04! &#0&,2/%#0! ,+/*F! %0! .N+C1,.! ^AI[IA_! @.!6+:.!&#0&,2/%#0! 8%)/*F! +04!1).C%/.! ,+/*I! B0!L#*6!&+/./! *6.!1).C%/./!+).!@#)>%0$!*#$.*6.)!*#!/211#)*!*6.!&#0&,2/%#0I!!!C;!%.+&!AI[IX!!G%0&.!6+,8!@+=!*6)#2$6!*6.!@+)!@.!6+:.!+,,!L..0!*%).4!#8!*6.!8+&*!*6+*!*6.!.&#0#C=!%/!0#*!4#%0$!@.,,I!G#F! %*! %/! *%C.!8#)!+!&6+0$.I!d%:.0!*6+*! %*! %/!+!*%C.! 8#)! &6+0$.F! @.! #2$6*! *#! :#*.! 8#)! *6.! 1)./%4.0*%+,! &+04%4+*.! *6+*!@+0*/!*#!&6+0$.!*6%0$/!*6.!C#/*I!G#F!@.!&+0J*!:#*.!8#)!<%C!U)#@0I!G#F!@.!/6#2,4!:#*.!8#)!V+)=!V##).I!!G%0&.! s^[_!6+,8!@+=! *6)#2$6! *6.!@+)!@.!6+:.!+,,! L..0! *%).4!#8! *6.! 8+&*!*6+*!*6.!.&#0#C=!%/!0#*!4#%0$!@.,,It!G#F!s^A_!%*!%/!*%C.!8#)!+!&6+0$.It!s^X_!B8!%*!%/!+!*%C.!8#)!&6+0$.F!@.!#2$6*!*#!:#*.!8#)!*6.!1)./%4.0*%+,!&+04%4+*.!*6+*! @+0*/! *#! &6+0$.! *6%0$/! *6.! C#/*It! s^P_! V+)=! V##).! @+0*/! C#).!&6+0$.!*6+0!<%C!U)#@0It!G#F!s^R_!@.!/6#2,4!:#*.!8#)!V+)=!V##).It!!!! ! ! ! ^[_!! ! ! ! ^A_!!r!!^X_!!r!^P_!!!! ! ! ! !!!!!!! ^R_!!

! [j!

!B0!.N+C1,.!^AI[IX_!@.!+).!4.+,%0$!@%*6!+!&#C1,.N!+)$2C.0*!*6+*!6+/!*@#!+*#C%&! +)$2C.0*/I! B0! *6.! 8%)/*! +)$2C.0*! 1).C%/.! ^[_! %/! 2/.4! +,#0.! *#!/211#)*!^A_F!@6%&6!@%*6!^X_!+04!^P_!%/!L.%0$!#88.).4!%0!/211#)*!#8!^R_I!!C;!%.+&!AI[IP!!".0*%,/!+).!6.+,*6=I!56.).!+).!C+0=!).+/#0/!8#)!*6%/I!56.=!).42&.!6.+)*!4%/.+/.I!56.=!+).!+!$).+*!/#2)&.!#8!8%L.)!+04!1)#*.%0I!56.=!+).!,#@!%0!8+*!+04!/%C1,.!&+)L#6=4)+*./I!!s^[_! ".0*%,/! +).! 6.+,*6=It! s^A_! 56.).! +).! C+0=! ).+/#0/! 8#)! *6%/It! s^X_!56.=! ).42&.! 6.+)*! 4%/.+/.It! s^P_! 56.=! +).! +! $).+*! /#2)&.! #8! 8%L.)! +04!1)#*.%0It!s^R_!56.=!+).!,#@!%0!8+*!+04!/%C1,.!&+)L#6=4)+*./It!!! ! ^A_! ^X_! ^P_! ^R_!! ! ! !!!!!^[_!!B0! *6%/! +)$2C.0*! *6.! &#0&,2/%#0! %/! *6.! 8%)/*! /*+*.C.0*F! *6+*! ,.0*%,/! +).!$##4I!9+&6!/*+*.C.0*!+8*.)!*6+*!1)#:%4./!+0!%04.1.04.0*!+)$2C.0*!8#)!*6.!&#0&,2/%#0I!9N+C1,.!^AI[IP_!/6#2,4!$%,!L.!4%+$)+CC.4!+/!8#,,#@/I!!

^A_!r! ^X_!!r!!^P_!!r!!^R_!! ! ! !!!!!^[_!!56%/! 4%+$)+C! /2$$./*/! *6+*! 1).C%/./! *#$.*6.)! /211#)*! *6.! &#0&,2/%#0F!L2*! *6+*! 0#! 1).C%/.! !+*'&! /211#)*/! *6.! &#0&,2/%#0I! 56.! /.&#04!+)$2C.0*! %/!@.+>.)!*6+0!*6.! 8%)/*I! B0!*6.!/.&#04!*6.!&#0&,2/%#0! %/! *)2.!#0,=!%8!+,,!#8!*6.!1).C%/./!+).!*)2.I!B0!*6.!8%)/*!+)$2C.0*!*6.!&#0&,2/%#0!%/!/+%4!*#!L.!*)2.!K2/*!%0!&+/.!#0.!#8!*6.!1).C%/./!%/!*)2.I!M.!C%$6*!,##>!+*!*6.!8%)/*!+)$2C.0*!+/!8#,,#@/!+/!@.,,I!!

^A_! ! ^X_! ! ^P_! ! ^R_!!^[_! ! ^[_! ! ^[_! ! ^[_!

!*#!C+>.!*6.!1#%0*!&,.+).)I!!!!

! AD!

C;!%.+&!AI[IR!!B8!*6.!G6+)>/!+).0J*!/*)#0$!.0#2$6!*#!L.+*!*6.!3,=.)/F!*6.=!@#0J*!L.!+L,.!*#! L.+*! *6.!-.4!M%0$/I! 3)#C! ,+/*!@..>J/! 1.)8#)C+0&.! *6.=! 4#0J*! ,##>!/*)#0$!.0#2$6!*#!L.+*!*6.!3,=.)/I!G#F!%*!%/!,%>.,=!*6.=!@#0J*!L.+*!*6.!-.4!M%0$/I!!s^[_!B8!*6.!G6+)>/!+).0J*!/*)#0$!.0#2$6!*#!L.+*!*6.!3,=.)/F!*6.=!@#0J*!L.!+L,.! *#! L.+*! *6.! -.4!M%0$/It! s^A_! 3)#C! ,+/*! @..>J/! 1.)8#)C+0&.! *6.=!4#0J*! ,##>! /*)#0$! .0#2$6! *#! L.+*! *6.! 3,=.)/It! s^X_! G#F! %*! %/! ,%>.,=! *6.=!@#0J*!L.+*!*6.!-.4!M%0$/It!!! ! ! ^[_!r!^A_!! ! ! !!!!!^X_!!4

C;!%.+&!AI[IE!!B8!<+&>/#0!@.).!1)./%4.0*F!6.J4!6+:.!,#@.).4!*+N./!L=!0#@I!B8!*+N./!@.).!,#@.).4F! @.J4! 6+:.! C#).! C#0.=I! B8! @.! 6+4! C#).! C#0.=! @.J4! L.!6+11%.)I!B8!<+&>/#0!@.).!1)./%4.0*[email protected]!L.!6+11%.)I!!s^[_!B8!<+&>/#0!@.).!1)./%4.0*F!6.J4!6+:.!,#@.).4!*+N./!L=!0#@It!s^A_!B8!*+N./! @.).! ,#@.).4F! @.J4! 6+:.! C#).! C#0.=It! s^X_! B8! @.! 6+4! C#).!C#0.=! @.J4! L.! 6+11%.)It! s^P_! B8! <+&>/#0! @.).! 1)./%4.0*! @.J4! L.!6+11%.)It!!

^[_!r!^A_!r!^X_!!!!!!!!!!^P_!

!!!!!!!4

4

4

4

! A[!

C;!%.+&!AI[IS!!M.! /6#2,40J*! :#*.! 8#)! <+&>/#0I! <+&>/#0! %/! *##! )+4%&+,I! <+&>/#0! %/! *##!%0.N1.)%.0&.4I! <+&>/#0J/! ,+&>! #8! .N1.)%.0&.! @#2,4! C+>.! 6%C! +!4+0$.)#2/!1)./%4.0*I!O0.!/6#2,40J*!:#*.!8#)!+0=L#4=!@6#!%/!*##!)+4%&+,I!O0.!/6#2,40J*!:#*.!8#)!+0=L#4=!@6#!@#2,4!L.!+!4+0$.)#2/!1)./%4.0*I!!!s^[_! M.! /6#2,40J*! :#*.! 8#)! <+&>/#0I! s^A_! <+&>/#0! %/! *##! )+4%&+,It! s^X_!<+&>/#0! %/! *##! %0.N1.)%.0&.4It! s^P_! <+&>/#0J/! ,+&>! #8! .N1.)%.0&.!@#2,4!C+>.!6%C!+!4+0$.)#2/!1)./%4.0*It!s^R_!O0.!/6#2,40J*!:#*.!8#)!+0=L#4=!@6#!%/!*##!)+4%&+,It!s^E_!O0.!/6#2,40J*!:#*.!8#)!+0=L#4=!@6#!@#2,4!L.!+!4+0$.)#2/!1)./%4.0*It!!!! ^A_!r!^R_! ! ^X_!r!^P_!r!^E_!! !!!!^[_! ! ! !!!!!!!!!^[_!!B0!*6%/!.N+C1,.!@.!6+:.!*@#!%04.1.04.0*!+)$2C.0*/!8#)!*6.!&#0&,2/%#0I!U#*6! +)$2C.0*/! ).72%).! K#%0*! &,+%C/I! 56.! 8%)/*! +)$2C.0*! K#%0/! ^A_! +04!^R_F!+04!*6.!/.&#04!+)$2C.0*!K#%0/!^X_F!^P_F!+04!^E_I!4

D<*4#&'&"!+4,("$)($"&,4/*"4)*%.+&;4!"#$%&'(,T!!;! &#C1,.N! +)$2C.0*! 6+/! +0! -'8&.&'8&'(! /*)2&*2).! @6.0! *6.).! +).! +*!,.+/*!*@#!4%/*%0&*!+)$2C.0*/!8#)!*6.!C+%0!&#0&,2/%#0I!!;! &#C1,.N! +)$2C.0*! 6+/! +! 8&.&'8&'(! /*)2&*2).! @6.0! +,,! 1).C%/./!K#%0*,=!/211#)*!*6.!&#0&,2/%#0I!!.

.

.

.

.

.

.

.

.

.

.

! AA!

57/M,(2.E.

F/''/"4%1-.6(/-%$4$*.4$.!2*1+($,/,4%$.!EXS. F/''/"4(-.4$.8($(2/'.

!3+,,+&%#2/!).+/#0%0$!%/!L+4!).+/#0%0$F!).+/#0%0$!*6+*!%/!*#!L.!+:#%4.4!%0!&#0/*)2&*%0$!+0!+)$2C.0*l!+04!*#!L.!4.*.&*.4F!1#%0*.4!#2*F!+04!).K.&*[email protected]! 1)./.0*I! 56.).! %/! 0#! /*)+%$6*8#)@+)4! *6.#)=! #8!@6+*! &#0/*%*2*./!8+,,+&%#2/! ).+/#0%0$I! 3+,,+&%#2/! ).+/#0%0$! %/! /%C1,=! ).+/#0%0$! *6+*! %/!4.8.&*%:.! %0! /#C.! @+=F! +04! C+=! .:.0! L.! 4.8.&*%:.! %0! +! @+=! *6+*! %/!4.&.1*%:.F!/#!+/!*#!/..C!+/!%8!%*!%/!$##4!).+/#0%[email protected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email protected]!8#)CF! &#0*.N*F! +04! &#0*.0*! +,,! 1,+=! +! )#,.! %0! 4.*.)C%0%0$! *6+*! *6.!).+/#0%0$!%0:#,:.4!%/!L+4I!B08#)C+,!8+,,+&%./!).72%).!+**.0*%#0!*#!L.!1+%4!*#! *6.! ,+0$2+$.! 2/.4! +04! *6.! &#0*.N*! #8! *6.! 4%+,.&*%&! %0! @6%&6! *6.!+)$2C.0*!#&&2)/I!!!!(#0/%4.)!*6.!8#,,#@%0$!+)$2C.0*T!!^n_!! ! n[I! ;,,!8+&*#)%./!+).!1,+0*/I!! ! nAI! ;,,!1,+0*/!+).!*6%0$/!*6+*!&#0*+%0!&6,#)#16=,,I!

! ! ! nXI! ;,,!8+&*#)%./!+).!*6%0$/!*6+*!&#0*+%0!&6,#)#16=,,I!!

! AX!

B8!#0.!@.).!0#*!*#!1+=!+**.0*%#0!*#!*6.!&#0*.0*!#8!@6+*!%/!L.%0$!/+%4F!#0.!@#2,4!L.!4.,24.4! %0*#!*6%0>%0$!*6.!+)$2C.0*! %/!$##4!L.&+2/.! %*!,&&%,!,%>.!+0!%0/*+0&.!#8!+!:.)=!$##4!1+**.)0!#8!).+/#0%0$T!!^9_!! ! 9[I! ;,,!3!+).!QI!! ! 9AI! ;,,!Q!+).!(I!

! ! ! 9XI! ;,,!3!+).!(I!!W#@.:.)F! %8! @.! %0/1.&*! *6.! &#0*.0*! #8! @6+*! %/! L.%0$! /+%4F! *6.! 8#)C! %/!+&*2+,,=!72%*.!4%88.).0*I!56.!@#)4! YQ,+0*J! %/!L.%0$!2/.4! %0!*@#!4%88.).0*!/.0/./I! B0!n[!@.!+).!0#*!*+,>%0$!+L#2*!+! ,%:%0$!#)$+0%/CI!B0!nA!@.!+).!*+,>%0$! +L#2*! +! ,%:%0$! #)$+0%/CI! ;/! +! &#0/.72.0&.F!@.! &+00#*! /+=! *6.!8#)C!#8!*6.!+)$2C.0*!%/!^9_I!56.!).+,!8#)C!#8!*6.!+)$2C.0*!%/I!!^3_!! ! 3[I! ;,,!3!+).!QI!! ! 3AI! ;,,!o!+).!(I!

! ! ! 3XI! ;,,!3!+).!(I!!W#@.:.)F! ^3_! %/!0#*!+!$##4! 8#)C!#8! ).+/#0%0$I!G#! ^n_! %/! 8+,,+&%#2/I!56.!).+/#0!@6=!^n_! %/! 8+,,+&%#2/! %/!L.&+2/.! %*! %0:#,:./! ,.N%&+,!.72%:#&+*%#0F!2/%0$!#0.!/=0*+&*%&!/*)%0$!204.)! *@#!4%88.).0*!C.+0%0$/I!"+*.)!@.!@%,,!*2)0!*#!*6%/!8+,,+&[email protected]!@.!&#0/%4.)!*6.!&,+//!#8!/.C+0*%&!8+,,+&%./I!!56.! 8#&2/! #8! *6.! /*24=! #8! 8+,,+&%./! %0! *6.! ).C+%0%0$! 0#*./! @%,,! L.! #0!%08#)C+,! 8+,,+&%./I! B08#)C+,! 8+,,+&%./! &+0! L.! 4%:%4.4! 21! %0*#! /.:.)+,!4%88.).0*! *=1./!4.1.04%0$!#0!*6.!&.0*)+,! 8+&*#)I!56.! 8+,,+&=!*=1./!*#!L.!4%/&2//.4!+).T!/!++!)-&,4*/4"&+&2!')&F4/!++!)-&,4*/4."&,$%.(-*'F4/!++!)-&,4*/4<&!64 -'8$)(-*'F4 /!++!)-&,4 */4 !%3-#$-(5F4 !'84 /!++!)-&,4 */4 #"!%%!(-)!+4

!'!+*#5I! U.&+2/.! %08#)C+,! 8+,,+&%./! ).72%).! +**.0*%#0! *#! &#0*.0*! +04!&#0*.N*F!%0!*6.!.N1,+0+*%#0/!*#!8#,,#@!L#*6!8+,,+&%#2/!+04!0#0]8+,,+&%#2/!%0/*+0&./!#8!*6.!8+,,+&%./J!8#)C!@%,,!L.!1#%0*.4!#2*[email protected]!0.&.//+)=I!!.

.

.

.

.

! AP!

EX?. F/''/"4(-.%<.6('(H/$"(.

.

;0! +)$2C.0*! %/! $2%,*=! #8! &#CC%**%0$! +! /!++!)54 */4 "&+&2!')&! @6.0! *6.!1).C%/./! #8! *6.! +)$2C.0*! +).! 0#*! ).,.:+0*! *#! *6.! &#0&,2/%#0! #8! *6.!+)$2C.0*I! ;)$2C.0*/! *6+*! &#CC%*! *6.! 8+,,+&=! #8! ).,.:+0&.! #8*.0! +,/#!&#CC%*!#*6.)!8+,,+&%./!L#*6!8#)C+,!+04!%08#)C+,I!!^[_! ;11.+,!*#!3#)&.T!!;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8!+11.+,!*#!8#)&[email protected]!*6.!&#0&,2/%#0!%/!/211#)*.4!L=!+!*6).+*I!!m#*.! *6+*! *6.! *6).+*! C+=! L.! .%*6.)! %C1,%&%*! #)! .N1,%&%*I! (#0*)+/*! *6.!8#,,#@%0$! *@#! &+/./F! *6.! 8%)/*! +0! .N1,%&%*! &+/.F! *6.! /.&#04! +0! %C1,%&%*!&+/.I!! !! 9N+C1,./T! ! !!u#2!/6#2,4!$%:.!C.!=#2)!0.N*!1+=&6.&>I!B8!=#2!4#0J*!B!@%,,!>%,,!=#2)!4#$I!!u#2!/6#2,4! ,.*!C.!L#))#@!=#2)!Q#)/&6.!*#0%$6*I!u#2!@#2,40J*!@+0*!*#!&#C.!6#C.!*#!8%04!=#2)!1).&%#2/!&6%,4).0!C%//%0$I!!

m#!3+,,+&=T!!!u#2!/6#2,4!+**.04! ,#$%&!&,+//!#0!+!).$2,+)!L+/%/I!3+%,2).!*#!4#!/#!&#2,4!)./2,*!%0!+!L+4!$)+4.I!!^A_! ;11.+,!*#!Q%*=T!!!;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8!+11.+,!*#!1%*[email protected]!*6.!&#0&,2/%#0!%/!/211#)*.4!L=!.:#>%0$!1%*=!#0!*6.!1+)*!#8!*6.!+24%.0&.I!!

9N+C1,.T!!u#2!/6#2,4!$%:.!C.!+!L.**.)!$)+4.! 8#)! *6.!&#2)/.I! B!6+4!+! ).+,,=! )#2$6!/.C./*.)I!V=!$)+041+).0*/!4%.4!+04!C=!1+).0*/!$#*!4%:#)&.4I!!!

!;!@#)4!#8!&+2*%#0T!

! AR!

!!!m#*!.:.)=!+)$2C.0*!*6+*!.:#>./!1%*=!#0!*6.!1+)*!#8!*6.!+24%.0&.!%/!$2%,*=!#8!&#CC%**%0$!*6.!8+,,+&=!#8!+11.+,!*#!1%*=I!!!! !

9N+C1,.T!!Q.#1,.!@6#!*)+%0!4#$/!*#!8%$6*!*#)*2).!*6.C!*#!C+>.!*6.C!L.&#C.!C#).!+$$).//%:.F! 8#)&.!*6.C!*#!.N.)&%/.!*#!*6.!1#%0*!#8!.N6+2/*%#0!.:.)=!4+=!*#!L.&#C.!/*)#0$.)F!/*+):.!*6.C!L.8#).!*6.!8%$6*F!/2LK.&*!*6.C!*#!8%$6*/!*6+*! #8*.0! *%C./! )./2,*/! %0! *6.%)! 4.+*6! #)! 1.)C+0.0*! %0K2)=F! +04! *6.0!2/2+,,=! +L+04#0! *6.C! #)! 12*! *6.C! 4#@[email protected]! *6.=! +).! 1+/*! 8%$6*%0$!+$.I!!56%/!1)+&*%&.!/6#2,4!L.!8#)L%44.0I!!!!!! ! ! ! ! ! !^X_! ;11.+,!*#!*6.!1.#1,.T!!;0! +)$2C.0*! &#CC%*/! *6.! 8+,,+&=! #8! +11.+,! *#! *6.! 1.#1,.! @6.0! *6.!+)$2.)!).,%./!#0!*6.!+24%.0&.v/!4./%)./!*#!L.!,#:.4F!./*..C.4F!+4C%).4F!:+,2.4F! ).&#$0%\.4F! +04! +&&.1*.4! L=! #*6.)/! %0! #)4.)! *#! $.*! *6.C! *#!+&&.1*!*6.!&#0&,2/%#0I!!56.).!+).! *@#!+11)#+&6./! %0:#,:.4! %0! *6.!+11.+,! *#! *6.!1.#1,.! 8+,,+&=!^4%/*%0$2%/6.4!L=!*6.!)#,.!#8!w*6.!1.#1,.w_T!!! B04%).&*!]][email protected]!*6.!+24%.0&.!%/!+!/%0$,.!%04%:%42+,!! n%).&*!]][email protected]!*6.!+24%.0&.!%/!+!$)#21!#8!%04%:%42+,/!!

56)..!8#)C/!#8!*6.!%04%).&*!+11)#+&6T!!!!! ^+_! ! 56.!L+04@+$#0!+)$2C.0*T!!;0!+)$2C.0*!&#CC%*/!*6.!L+04@+$#0!8#)C!#8!*6.!+11.+,!*#!*6.!1.#1,.!8+,,+&[email protected]!*6.!).+/#0!$%:.0!8#)!+&&.1*%0$!*6.!&#0&,2/%#0!%/!*6+*!C+0=!#*6.)/!+&&.1*!%*I!!

9N+C1,.T!!5#=#*+!C+>./!L.**.)! &+)/! *6+0!"+CL#)$6%0%I! ! <2/*! ,##>!+*! *6.%)! +002+,!/+,./I!!M+=!C#).!1.#1,.!L2=!5#=#*+/!*6+0!"+CL#)$6%0%/I!!

! AE!

! ^L_! ! 56.!+11.+,!*#!:+0%*=T!!;0!+)$2C.0*!&#CC%*/!*6.!+11.+,!*#!:+0%*=!8#)C!#8!*6.!+11.+,!*#!:+0%*=!8+,,+&[email protected]!*6.!+)$2.)!+//#&%+*./!*6.!&#0&,2/%#0!@%*6!/#C.!1).8.)).4!@+=!#8!L.%0$I!!

9N+C1,.T!! !V.0!@6#!4)%0>!1)#*.%0!/6+>./!6+:.!6#*!L#4%./!+04!$.*!+,,! *6.!@#C.0I!!G#F!%8!=#2J).!+!C+0F!=#2!/6#2,4!4)%0>!1)#*.%0!/6+>./I!!

^&_! ! 56.!+11.+,!*#!/0#LL.)=T!!;0!+)$2C.0*!&#CC%*/!*6.!+11.+,!*#!/0#LL.)=!8#)C!#8!*6.!+11.+,!*#!*6.!1.#1,.!8+,,+&[email protected]!*6.!+)$2.)!+//#&%+*./!*6.!&#0&,2/%#0!@%*6!/#C.!.,%*.!$)#21!#8!1.#1,.I!!

9N+C1,.T!!56.!L./*!@+=!*#!/1.04!=#2)!,.%/2).!*%C.!%/!*#!1,+=!$#,8I!!56+*J/!6#@!+,,!#8!/#&%.*=J/!.,%*.!/1.04!*6.%)!,.%/2).!*%C.I!!^P_! ;)$2C.0*!+$+%0/*!*6.!1.)/#0!^!84G*%-'&%_T!!;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8!+)$2C.0*!+$+%0/*!*6.!1.)/#[email protected]!*6.! +)$2.)! ).K.&*/! +0#*6.)! 1.)/#0J/! /*+*.C.0*x+)$2C.0*! 8$&4 (*4 (0&4'!($"&!#8!*6.!1.)/#0!@6#!C+4.!*6.!/*+*.C.0*x+)$2C.0*!)+*6.)!*6+0!#0!*6.!C.)%*/!#8!*6.!/*+*.C.0*x+)$2C.0*!%*/.,8I!!56.).!+).!*6)..!C+%0!*=1./!#8!!840*%-'&%!+)$2C.0*/T!!! ^+_! ! !840*%-'&%!+L2/%:.T!!;0!+)$2C.0*!&#CC%*/!*6.!+L2/%:.!8#)C!#8!*6.!!840*%-'&%!8+,,+&[email protected]!*6.!+)$2.)!)./1#04/!*#!+0#*6.)!1.)/#0v/!+)$2C.0*!L=!:.)L+,,=!+**+&>%0$!*6.CI!!!!!

! AS!

9N+C1,.T!!O2)!C+=#)!@+0*/!*#!$.*!+0!#)4%0+0&.!1+//.4!*6+*!@#2,4!%0&).+/.!/+,./!*+N! .:.0! C#).I! ! U2*! #2)! C+=#)! %/! /#! %0&#C1.*.0*I! ! W.! K2/*! C.//./!.:.)=*6%0$! 21! L.&+2/.! 6.J/! +0! %4%#*I! ! G#F!@.! /6#2,40J*! /211#)*! 6%C! %0!*6%/!#)4%0+0&.I!!! ^L_! ! !840*%-'&%4&%)&2C/*+0*%+,T!!;0!+)$2C.0*!&#CC%*/!*6.!&%)&2C/*+0*%+,!8#)C!#8!*6.!!840*%-'&%!8+,,+&[email protected]! *6.! +)$2.)! ).K.&*/! +0#*6.)! 1.)/#0J/! /*+*.C.0*x+)$2C.0*! #0! *6.!$)#204/!#8!/#C.!)-")$%,(!')&,!/2))#204%0$!*6.CI!!

9N+C1,.T!!U#L!*6%0>/!*6+*!@+)!%/!@)#0$I! !U2*!6.!6+/!0.:.)!L..0!%0!+!@+)F!/#!6#@!&+0!6.!>0#@b!!W.!C2/*!L.!@)#0$!+L#2*!*6+*I!!! ^&_! ! !840*%-'&%4($4H$*H$&!^a=#2!*##c_!8+,,+&=T!!;0! +)$2C.0*! &#CC%*/! *6.! ($4 H$*H$&! 8#)C! #8! *6.! !84 0*%-'&%! 8+,,+&[email protected]! *6.! +)$2.)! ).K.&*/! +0#*6.)! 1.)/#0v/! /*+*.C.0*x+)$2C.0*! #0! *6.!$)#204/!*6+*!*6+*!1.)/#0!%/!6=1#&)%*%&+,!#)!+)$2%0$!%0!L+4!8+%*6I!!!!

9N+C1,.T!!V+)=! *#,4!C.! *6+*! /6.! *6%0>/! *6+*!1.#1,.!/6#2,40J*! /C#>.!L.&+2/.! %*J/!L+4!8#)!#0.J/!6.+,*6F!%*!/C.,,/!L+4F!+04!%*!%/!.N1.0/%:.I!!U2*!BJ:.!/..0!6.)!/C#>%0$!L.8#).F!/#!#L:%#2/,=!/6.J/!@)#0$!+L#2*!/C#>%0$!L.%0$!L+4I!!

BC1#)*+0*T!!

m#*!+,,!%0/*+0&./!#8!+**+&>%0$!*6.!&6+)+&*.)x&).4%L%,%*=!#8!+0!%04%:%42+,!%/!+0!%0/*+0&.!#8!*6.!!840*%-'&%!8+,,+&=I!!

9N+C1,.T!!U#L!%/!+!C.+0!K.)>I!!W.!6%*/!1.#1,.F!&+,,/!1.#1,.!0+C./!+04!/*.+,/!C#0.=!8)#C!!1.#1,.I!

! Ak!

^R_! ;&&%4.0*T!!;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8!+&&%4.0*[email protected]!+!$.0.)+,!)2,.!#)!,+@!%/!+11,%.4!*#!+!/1.&%8%&!&+/.!*6+*!%*!@+/!0#*!%0*.04.4!*#!&#:.)I!!G%0&.!*6.!$.0.)+,!)2,.!%/!0#*!C.+0*!*#!&#:.)!*6.!>%04!#8!&+/.!%0!72./*%#0F!*6.!)2,.!%/!%)).,.:+0*I!!!!

9N+C1,.T!!Q,20$%0$! +! >0%8.! %0*#! +0#*6.)! 1.)/#0v/! &6./*! %/! %,,.$+,I! d%:.0! *6+*!/2)$.#0/! 4#! 1).&%/.,=! *6%/! @6.0! #1.)+*%0$F! %*! 8#,,#@/! *6+*! /2)$.#0/!/6#2,4!L.!+))./*.4I!!^E_! G*)+@!V+0T!!;0!+)$2C.0*! &#CC%*/! *6.! /*)+@!C+0! 8+,,+&[email protected]! *6.! +)$2.)!4%/*#)*/!+0#*6.)!1.)/#0J/!!)($!+!1#/%*%#0!#)!+)$2C.0*!+04!+**+&>/!*6.!^@.+>.)_!C%/).1)./.0*+*%#0I!!

9N+C1,.T!!-.12L,%&+0/!+).!$.0.)+,,=!#11#/.4! *#!+L#)*%#0!L.&+2/.! *6.=!:+,2.! *6.!%06.).0*!/+0&*%*=!#8!62C+0!,%8.I!!U2*!%*!@#2,4!L.!@)#0$F!+/!*6.=!/..C!*#!L.! +)$2%0$F! *#! L.! #11#/.4! *#! +,,! 8#)C/! #8! 1#12,+*%#0! &#0*)#,I! ! 56.!&2)).0*!62C+0!1#12,+*%#0!#0!9+)*6! %/!+!/.)%#2/! %//2.! *6+*!0..4/! *#!L.!+44).//.4I!!

9N+C1,.T!!<#60!/+=/!6.!%/!#11#/.4!*#!:%#,.0&.I! !;11+).0*,=F! <#60!.04#)/./!+!:%.@!%0! @6%&6! 6.! 4#./0J*! .:.0! *6%0>! %*J/! #>+=! *#! *)=! *#! 16=/%&+,,=! /*#1!/#C.#0.!8)#C!+**+&>%0$!6%C!+04!6%/!8+C%,=I!!W%/!1#/%*%#0!/..C/!+L/2)4I!!!^S_! V%//%0$!*6.!Q#%0*T!!;0! +)$2C.0*! &#CC%*/! *6.! 8+,,+&=! #8! C%//%0$! *6.! 1#%0*! @6.0! *6.!1).C%/./!#8!+0!+)$2C.0*!/211#)*!#0.!&#0&,2/%#0F!L2*!*6.!+2*6#)!#8!*6.!+)$2C.0*!%0/*.+4!+))%:./!+*!+0#*6.)F!%)).,.:+0*!&#0&,2/%#0I!!

! Aj!

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a56.).8#).F!U#L!/6#2,4!1)#L+L,=!0#*!4)%0>!+/!C2&6!+0=C#).Ic!!!^k_! -.4!W.))%0$T!!;0!+)$2C.0*!&#CC%*/!*6.!).4!6.))%0$!8+,,+&[email protected]!*6.!+)$2.)!&6+0$./!*6.! /2LK.&*!C%4]+)$2C.0*! *#! 4)+@! *6.! +**.0*%#0! #8! *6.! +24%.0&.! +@+=!8)#C!*6.!#)%$%0+,!*+)$.*I!56.!0.@!/2LK.&*!*#!@6%&6!*6.!+)$2.)!4%:.)*/!*6.!+)$2C.0*! %/!$.0.)+,,=!).,+*.4!*#!*6.!#)%$%0+,!*#1%&!/#!+/!*#!#L/&2).!*6.!/6%8*I!!

9N+C1,.T!!;L#)*%#0! %/! @)#0$! L.&+2/.! %*! 12*/! +0! .04! *#! +! ,%8.! *6+*! %/! %06.).0*,=!:+,2+L,.I!!;04!%*J/!0#*!K2/*!62C+0!,%:./!*6+*!+).!:+,2+L,.I!n#$/F!L200%./!+04!&+*/!+).!1).&%#2/!&).+*2)./I!!<2/*!,##>!+*!*6.CI!!56.=!+).!/#!&2*.I!!B*!@#2,4!L.!:.)=!@)#0$!%04..4!*#!62)*!*6./.!,%**,.!+0%C+,/I!!! BC1#)*+0*T!!56.).!%/!+!&.)*+%0!/%C%,+)%*=!L.*@..0!*6.!,("!<4%!'! 8+,,+&=!+04!*6.!"&840&""-'#! 8+,,+&=I! ! U.&+2/.! L#*6! 8+,,+&%./! %0:#,:.! /#C.! 0.@! 1#/%*%#0! #)!*#1%&F! @6%&6! %/! %)).,.:+0*! *#! *6.! *#1%&! #8! %0*.)./*F! *6.=! +).! .+/%,=!&#082/.4I!

! XD!

!5#! 4%/*%0$2%/6! *6.! *@#! 8+,,+&%./F! 0#*.! *6.! )#,.! *6+*! *6.! %)).,.:+0*!1#/%*%#0x*#1%&!1,+=/!%0!*6.CI!!!!B0!*6.!,("!<4%!'!8+,,+&=!*6.!0.@!1#/%*%#0!%/!1)./.0*.4!!,4,*%&*'&4&+,&I,!/#!*6+*!*6.!+)$2.)!&+0!!((!)64!'4&!,-&"4.*,-(-*'I!!!!B0!*6.!"&840&""-'#!8+,,+&=!*6.!0.@!*#1%&!%/!L)#2$6*!21!/#!*6+*!*6.!+)$2.)!C+=!4.&%/%:.,=! w@%0w! +0! +)$2C.0*!#0! (0!(! *#1%&! +04! *6.).L=! &#0:%0&.!*6.!+24%.0&.!<-(0*$(4&'#!#-'#4(0&4*"-#-'!+4-,,$&I!!!!!!!!!!!!!!!!!

9N+C1,./T!!B*! @#2,4! L.! :.)=! 4.:+/*+*%0$! *#! #2)! .&#0#C=! %8! @.! )+%/.4! *+N./! )%$6*!0#@I! !V=!0.%$6L#)! %/!:.)=!6+)4@#)>%0$F!=.*!1##)!+04!&+00#*!+88#)4! *#!1+=!8#)!+0=!+44%*%#0+,!.N1.0/./!)%$6*!0#@!@%*6#2*!,#/%0$!6%/!6#C.I!!W.!6+/! /2&6! +! $##4!@#)>! .*6%&F! *6#2$6I! ! m#! &%*%\.0!@6#!@#)>/! *6+*! 6+)4!/6#2,4!.:.)!L.!.:%&*.4I!!d.#)$.!6+/!12*!8#)@+)4!*6.!:%.@!*6+*!*+N./!/6#2,4!L.!)+%/.4I!U2*!%8!@.!@.).!*#!)+%/.!*+N./F!+/!6.!/2$$./*/F!@.!@#2,4!L+/%&+,,=!L.!/+=%0$!*6+*!%*!%/!#>+=!*#!*+>.!+@+=!+,C#/*!.:.)=!4#,,+)!*6+*!@.!.+)0!+04!$%:.!%*!*#!*6.!$#:.)0C.0*I! 56%/!@#2,4!C.+0! *6+*! 6+)4@#)>%0$! 1.#1,.!@#2,4! L.! 12*!#2*! #0! *6.! /*)..*/I! ! G%0&.! %*! @#2,4! L.! +!C%/*+>.! *#! +,,#@! *6%/F! d.#)$.!C2/*!L.!C%/*+>.0I!!56.!8%)/*!#8!*6./.!+)$2C.0*/!&#CC%*/!*6.!).4!6.))%0$!8+,,+&=I!56.!+)$2.)!C.+0/! *#! ./*+L,%/6! *6+*! *+N./! /6#2,4! 0#*! L.! %0&).+/.4I! ! B0/*.+4! #8!+)$2%0$!+L#2*!*+N./F!6#@.:.)F!*6.!+)$2.)!+)$2./!+L#2*!6#@!%*!%/!@)#0$!*#!.:%&*!1.#1,.!@%*6!$##4!@#)>!.*6%&/!^+!).,+*.4F!L2*!%)).,.:+0*!*#1%&_I!!56.!/.&#04!+)$2C.0*!%/!:.)=!/%C%,+)!L2*!&#CC%*/!*6.!/*)+@!C+0!8+,,+&=I!!d.#)$.v/!1#/%*%#0!%/!4%/*#)*.4!^8)#C!L.%0$!+!4.8.0/.!#8!0#*!)+%/%0$!*+N./!*#!L.%0$!+!4.8.0/.!#8!0#*!.:%&*%0$!6+)4@#)>%0$!1.#1,._F!+04!*6.!+)$2.)!+**+&>/!*6%/!4%/*#)*.4!1#/%*%#0I!.

.

.

.

! X[!

EXC.F/''/"4(-.%<.V(/#.A$)1",4%$.

.

;0! +)$2C.0*! %/! $2%,*=! #8! &#CC%**%0$! +! /!++!)54 */4<&!64 -'8$)(-*'[email protected]!*6.!1).C%/./!#8!*6.!+)$2C.0*!^+,*6#2$6!"&+&2!'(!*#!*6.!&#0&,2/%#0_!+).!0#*!/*)#0$!.0#2$6!*#!/211#)*!*6.!&#0&,2/%#0I!! !^[_! ;11.+,!*#!2072+,%8%.4!+2*6#)%*=T!!;0! +)$2C.0*! &#CC%*/! *6.! 8+,,+&=! #8! +11.+,! *#! 2072+,%8%.4! +2*6#)%*[email protected]! *6.! &#0&,2/%#0! #8! *6.! +)$2C.0*! %/! /211#)*.4! L=! *6.! &,+%C/! #8!/#C.#0.!@6#!%/!0#*!*)2/*@#)*6=!8#)!/#C.!).+/#0I!!

9N+C1,.T!!(+),#/! Q)%.*#F! *6.! 8+C#2/!V.N%&+0! &#0&.)*! &.,,%/*F! /+%4! %0! +0! %0*.):%.@!*6+*!*6.).!@+/!+!).&.0*!4%/&#:.)=!#8!+!0.@!$+,+N=!0.+)!*6.!;04)#C.4+!d+,+N=I!!W.!C2/*!L.!)%$6*!+L#2*!*6+*I!!B0!*6%/!.N+C1,.F!*6.!+2*6#)%*=!%/!2072+,%8%.4!L.&+2/.!6.!,+&>/!.N1.)*%/.!%0!*6.!8%.,4!#8! %0*.)./*I!;0!+2*6#)%*=!C+=!+,/#!L.!2072+,%8%[email protected]!*6+*!1.)/#0!6+/!/#C.!w%0*.)./*w!%0!*6.!&#0&,2/%#0I!!

9N+C1,.T!!<+/#0! ;04.)/#0F! *6.! 1)./%4.0*! #8! `2+,%*=! Q+1.)L+&>! U##>/! B0&I! 6+/!+)$2.4! *6+*! 4.:%&./! @6%&6! +,,#@! =#2! *#! 12)&6+/.! +04! ).+4! L##>/!.,.&*)#0%&+,,=! /6#2,4!L.!L+00.4F! /%0&.! %*!6%04.)/! *6.!/+,./!#8!6+)4&#1=!L##>/!@6%&6!6+:.!L..0!:.)=! %C1#)*+0*! *#!#2)! &%:%,%\+*%#0! 8#)! /#!C+0=!*6#2/+04/!#8!=.+)/I!!!!m#*.! *6+*! %0! *6%/! &+/.! *6.! +2*6#)%*=! %/! 2072+,%8%.4! L.&+2/.! #8! +!)-")$%,(!')&! #8! *6+*! +2*6#)%*=! ^0+C.,=F! *6+*! 6.! %/! *6.! 1)./%4.0*! #8! +!&#C1+0=!*6+*!&+0!#0,=!/2):%:.!%8!*6.!/+,./!#8!6+)4&#1=!L##>/!&#0*%02./_I!!B*!C+=!/..CF!*6.0F!*6+*!#2)!&,+%C%0$!*6.!+L#:.!+)$2C.0*!*#!&#CC%*!*6.!8+,,+&=!#8!+11.+,!*#!2072+,%8%.4!+2*6#)%*=!-(,&+/!&#CC%*/!*6.!8+,,+&=!#8!!840*%-'&%!&%)&2C/*+0*%+,I!;,*6#2$6!%*!%/!%0!*6.!/+C.!0.%$6L#)6##4!+/!!840*%-'&%F!.:+,2+*%0$!/#C.#0.v/!+)$2C.0*!+/!8+,,+&%#2/!%0!*6%/!@+=!%/!0#*!%*/.,8!8+,,+&%#2/I!M6+*!@#2,4!L.!8+,,+&%#2/!%/!*6.!8#,,#@%0$T!

! XA!

!!<+/#0! ;04.)/#0F! *6.! 1)./%4.0*! #8! `2+,%*=! Q+1.)L+&>! U##>/! B0&I! 6+/!+)$2.4! *6+*! 4.:%&./! @6%&6! +,,#@! =#2! *#! 12)&6+/.! +04! ).+4! L##>/!.,.&*)#0%&+,,=! /6#2,4!L.!L+00.4F! /%0&.! %*!6%04.)/! *6.!/+,./!#8!6+)4&#1=!L##>/!@6%&6!6+:.!L..0!:.)=! %C1#)*+0*! *#!#2)! &%:%,%\+*%#0! 8#)! /#!C+0=!*6#2/+04/!#8!=.+)/I!!d%:.0!*6+*!6.!6+/!+!:./*.4!%0*.)./*!%0!*6.!&#C1+0=F!@.!/6#2,4!%$0#).!6%/!+)$2C.0*/I!!^A_! ;11.+,!*#!B$0#)+0&.T!!;0! +)$2C.0*! &#CC%*/! *6.! 8+,,+&=! #8! +11.+,! *#! %$0#)+0&.! @6.0! *6.!&#0&,2/%#0!#8!+0!+)$2C.0*!C+>./!+!4.8%0%*.!+//.)*%#0!+L#2*!/#C.*6%0$!*'4 (0&4 #"*$'8,! ^1).C%/./_! *6+*! 0#*6%0$! 6+/! L..0! 1)#:.0! #0.! @+=! #)!+0#*6.)!+L#2*!*6+*!*6%0$I!!

9N+C1,.T!!;)&6+.#,#$%/*/!6+:.!0#*!=.*! 8#204! *6.!C%//%0$! ,%0>!L.*@..0! *6.!$.02/!;2/*)+,#1%*6.&2/!+04!W#C#I!!G#F!*6.).!C2/*!0#*!L.!#0.I.!

m#!3+,,+&=T!!B!6+:.!0.:.)!/..0F!8)#C!C=!6#2/.!%0!G+0!3)+0&%/&#F!*6.!/20!)%/.!8)#C!*6.!.+/*I!!G#F!%*!1)#L+L,=!0.:.)!@%,,!%0!C=!,%8.*%C.I!!^X_! W+/*=!d.0.)+,%\+*%#0T!!;0! +)$2C.0*! &#CC%*/! *6.! 8+,,+&=! #8! 6+/*=! $.0.)+,%\+*%#0! @6.0! +!/*+*.C.0*!+L#2*!!4#"*$.!%/!/211#)*.4!L=!+0!20).1)./.0*+*%:.!/+C1,.!#8!*6+*!$)#21I!.

9N+C1,.T!!56.!,+/*!*@#!*%C./!@.!+*.!+*!*6+*!*+&#!/6#1F!*6.!*+&#/!@.).0J*!:.)=!$##4I!!56.=!1)#L+L,=!6+:.!0.:.)!C+4.!$##4!*+&#/I!!V=!,+/*!*@#!$%),8)%.04/!&#C1,+%0.4!+!,#*I!!B*!6+/!L.&#C.!:.)=!+11+).0*!*#!C.!8)#C!*6./.!.N1.)%.0&./!*6+*!+,,!@#C.0!+).!K2/*!&#C1,+%0.)/I!!

! XX!

^P_!!! 3+,/.!(+2/.T!!;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8! 8+,/.!&+2/[email protected]!*6.!,%0>!L.*@..0!*6.!1).C%/./!+04!*6.!&#0&,2/%#0!4.1.04/!21#0!+!&+2/+,!&#00.&*%#0!*6+*!4#./!0#*!.N%/*I!56.).!+).!*6)..!*=1./!#8!8+,/.!&+2/.!+)$2C.0*/I!!

^+_!! .*,(4 0*)4 &"#*4 ."*.(&"4 0*)! ]]! +8*.)! *6%/F! *6.).8#).! #0!+&&#20*!#8!*6%/!

.

;0!+)$2C.0*!&#CC%*/!*6.!.*,(40*)4J&"#*4."*.(&"40*)K! 8#)C!#8!*6.!8+,/.!&+2/.!8+,,+&[email protected]!#0.!.:.0*!%/!*+>.0!*#!L.!*6.!&+2/.!#8!+0#*6.)!/%C1,=!L.&+2/.!*6.!w.88.&*w!#&&2)).4!!/(&"!*6.!w&+2/.wI!!

9N+C1,.T!!-%$6*! +8*.)! *6.! 1)./%4.0*J/! %0+2$2)+,! /1..&6F! %*! /*+)*.4! )+%0%0$I! ! 56.!1)./%4.0*!C2/*!6+:.!C+4.!%*!)+%0!/#C.6#@I!!

^L_!! ! '*'4)!$,!4."*4)!$,!!]]!0#*!*6.!&+2/.!8#)!*6.!&+2/.!!;0!+)$2C.0*!&#CC%*/! *6.!'*'4)!$,!4."*4)!$,!! 8#)C!#8! *6.! 8+,/.!&+2/.!8+,,+&[email protected]! *6.).! -,! +! &+2/+,! ).,+*%#0/6%1!L.*@..0! *@#! *6%0$/! ^+/! *6.!+)$2C.0*!%04%&+*./_F!L2*!*6.!+)$2C.0*!&#082/./!*6.!&+2/.!8#)!*6.!.88.&*I!!

9N+C1,.T!!9:.)=! *%C.! *6.).! %/! +! *6204.)/*#)CF! *6.! 1#@.)! $#./! #2*! +&)#//! *6.!.0*%).! *#@0I! ! O2)! 1#@.)! /6#)*+$./! C2/*! L.! /#C.6#@! &+2/%0$! *6./.!/*#)C/!*#!6+11.0I!!

^&_! ! #:.)/%C1,%8%.4!&+2/.T!!;0!+)$2C.0*!&#CC%*/! *6.!#:.)/%C1,%8%.4!&+2/.! 8#)C!#8! *6.! 8+,/.!&+2/.!8+,,+&=! @6.0! *6.).! +).! %0! 8+&*! %!'5! &+2/./! 8#)! +0! .:.0*F! L2*! *6.!+)$2C.0*!%04%&+*./!*6+*!*6.).!%/!K2/*!#0.I!!!!!

! XP!

9N+C1,.T!!B0!*6.!=.+)/!8#,,#@%0$!#2)!0.@!$#:.)0#)!/*.11%0$!%0*#!#88%&.F!&)%C.!)+*./[email protected]*!@+=!21I!!B*!C2/*!L.!+,,!#2)!$#:.)0#)J/!8+2,*!*6+*!*6./.!&)%C.!)+*./[email protected]*!21I!!^R_! G,%11.)=!G,#1.T!!;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8!/,%11.)=!/,#[email protected]!*6.!&#0&,2/%#0!%/!/211#)*.4!L=!+!42L%#2/!&6+%0!#8!&+2/./I!!

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email protected]!*6.!&#0&,2/%#0!%/! /211#)*.4! L=! +0! +0+,#$=! L.*@..0! *@#! *6%0$/! @6%&6! ^+,*6#2$6!/%C%,+)_!+).!).,.:+0*,=!4%88.).0*I!!

9N+C1,.T!!B! &+0! 4)%0>! +! $+,,#0! #8! @+*.)! %0! +0! 6#2)! @%*6#2*! +0=! 0.$+*%:.! 6.+,*6!&#0/.72.0&./I! ! G%0&.!@6%/>=! %/! /%C%,+)! *#!@+*.)! %0!C+0=!@+=/F! B! &#2,4!1)#L+L,=!+,/#!4)%0>!+!$+,,#0!#8! %*!@%*6#2*!+0=!/.)%#2/!&#0/.72.0&./!+/!@.,,I!

!!!!

!

! XR!

!;!L)%.8!+/%4.!+L#2*!+0+,#$%&+,!+)$2C.0*/T!!;0+,#$%&+,! +)$2C.0*/! ^#)F! +)$2C.0*/! L=! +0+,#$=_! +).! %042&*%:.!+)$2C.0*/!#8!*6.!8#,,#@%0$!$.0.)+,!8#)CT!!^;_!! ! ;[I! ;!%/!EI!! ! ;AI! 5!%/!/%C%,+)!^%0!/#C.!).$+)4_!*#!;I!

! ! ! ;XI! 5!%/!+,/#!EI!!;0! +0+,#$%&+,! +)$2C.0*! %/! /*)#[email protected]! *6.! /%C%,+)%*=! &,+%C.4! *#! 6#,4!L.*@..0!;!+04!54^;A_! %/!/288%&%.0*!*#!@+))+0*!2/! %0! %08.))%0$!*6+*!5! %/!E!^;X_!8)#C!*6.!8+&*!*6+*!;!%/!E!^;[_I!!

9N+C1,./T!!V=!4#$!&+0!.+*!+L#2*!+!1#204!#8!4#$!8##4!1.)!4+=I!!V=!0.%$6L#)J/!4#$!%/!*6.!/+C.!.N+&*!+$.!+04!L)..4!+/!C=!4#$!+04!&+C.!8)#C!*6.!/+C.!,%**.)I!!G#F!C=!0.%$6L#)J/!4#$!&+0!+,/#!.+*!+L#2*!+!1#204!#8!4#$!8##4!1.)!4+=I!!V=!4#$!&+0!.+*!+L#2*!+!1#204!#8!8##4!1.)!4+=I! !V=!0.%$6L#)J/!4#$!6+/!*6.!/+C.!82)!&#,#)!+/!C=!4#$I!!G#F!C=!0.%$6L#)J/!4#$!&+0!+,/#!.+*!+L#2*!+!1#204!#8!8##4!1.)!4+=I!

.EXE. F/''/"4(-.%<.L2(-1+M,4%$.

.

;0! +)$2C.0*! &#CC%*/! +! 8+,,+&=! #8! 1)./2C1*%#[email protected]! *6.! 1).C%/./! #8!*6.! +)$2C.0*! +//2C.! #)!."&,$..*,&! *6+*! #8!@6%&6! *6.=! +).! #88.).4! %0!/211#)*I!!^[_! U.$$%0$!*6.!`2./*%#0T!!;0! +)$2C.0*! &#CC%*/! *6.! 8+,,+&=! #8! L.$$%0$! *6.! 72./*%#0! @6.0! *6.!+)$2.)! &).+*./! *6.! %,,2/%#0! *6+*! %0+4.72+*.!1).C%/./!1)#:%4.!+4.72+*.!/211#)*! 8#)! *6.! &#0&,2/%#0! L=! .%*6.)I! ! 56.).! +).! *6)..! L+/%&! *=1./! #8!L.$$%0$!*6.!72./*%#0!8+,,+&=T!!!

^+_! ! ".+:%0$!#2*!+!>.=!1).C%/.!

! XE!

^L_! ! -./*+*%0$!*6.!&#0&,2/%#0!+/!+!1).C%/.! !^&_! ! ;)$2%0$!%0!+!&%)&,.I!

!^+_! ! V%//%0$!^&#0*)#:.)/%+,_!1).C%/.T!

!9N+C1,.T!

!"#@.)%0$! *+N./! @#2,4! &+2/.! *6.! &)%C.! )+*.! *#! +L/#,2*.,=! 1,2CC.*! *#!0.:.)]L.8#).!/..0!,#@!,.:.,/I!!OL:%#2/,=F!@.!/6#2,4!,#@.)!*+N./I!!

^L_!!! ! -./*+*%0$!*6.!&#0&,2/%#0!+/!+!1).C%/.T!!

9N+C1,.T!!Q.#1,.! ,%>.! *#! 4)%:.! 3#)4/F! L.&+2/.! 3#)4/! +).! *6.! :.6%&,./! *6+*! 1.#1,.!).+,,=!,%>.I!!!

^&_!!! ! (%)&2,+)!).+/#0%0$T!!

9N+C1,.T!!B!>0#@!*6+*!+,,!#8!C=!&,.+)!+04!4%/*%0&*!1.)&.1*%#0/!+).!*)2.I!!B!>0#@!*6%/!L.&+2/.! *6.).! %/! +! 0#0]4.&.1*%:.! d#4!@6#!@#2,4! 0#*! +,,#@!C.! *#! L.!C%/*+>.0!%0!*6%/!@+=I!!B!>0#@!*6+*!*6.).!%/!+!0#0]4.&.1*%:.!d#4!L.&+2/.!B!&,.+),=!+04!4%/*%0&*,=!1.)&.%:.!*6+*!*6.).!%/!/2&6!+!d#4I!!^A_! (#C1,.N!`2./*%#0T!!56.! 8+,,+&=! #8! &#C1,.N! 72./*%#0! #&&2)/! @6.0! +! 1.)/#0! %/! +/>.4! #0.!72./*%#0! *6+*! +&*2+,,=! &#0*+%0/! *@#! ^#)! C#)._! /.1+)+*.! 72./*%#0/I!!;,*6#2$6! *6.! 72./*%#0! ^+/! +! 0#0]/*+*.C.0*_! %/! 0#*! +0! +)$2C.0*F! %*!%0:#,:./!+0!%C1,%&%*!+)$2C.0*!^2/2+,,=!8#)!*6.!&#04%*%#0!1)./2C.4_I!!

9N+C1,.T!!W.=F!;,F!6+:.!=#2!/*#11.4!$)#@%0$!C+)%K2+0+!=.*b!!! 9N1,+0+*%#0T!

! XS!

!B8!*6.!+0/@.)!%/! Y=./JF! *6.0!;,!+4C%*/!*6+*!6.!@+/!$)#@%0$!C+)%K2+0+!%0!*6.!1+/*I!B8!*6.!+0/@.)!%/!Y0#JF!*6.0!;,!+4C%*/!*6+*!6.!%/!&2)).0*,=!$)#@%0$!C+)%K2+0+I!!!! 9N+C1,.T!!n#./!=#2)!L#//!>0#@!*6+*!=#2!6+:.!/*#,.0!8)#C!*6.!&#C1+0=b!!^X_! 3+,/.!n%&6#*#C=T!!;0! +)$2C.0*! &#CC%*/! *6.! 8+,,+&=! #8! 8+,/.! 4%&6#*#C=! @6.0! +! 1).C%/.!&#0*+%0/! +! &6#%&.! L.*@..0! *@#! #1*%#0/! *6+*! +).! %C1,%.4! *#! L.! K#%0*,=!.N6+2/*%:.!L2*!@6%&6!+).!0#*I!!G2&6!+!&6#%&.!%/!$.0.)+,,=!.N1).//.4!L=!/#C.!&-(0&"L*"L!/*+*.C.0*I!!!

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

! Xk!

C%N%0$!#8!:+)%#2/!.*60%&%*%./!+04!*6.).!%/!+,/#!/#C.!).C+%0%0$!/.1+)+*.I!!B*!4#./0J*!6+:.!*#!L.!K2/*!#0.!#)!*6.!#*6.)I!!!^P_! G211).//.4!9:%4.0&.T!!;0! +)$2C.0*! &#CC%*/! *6.! 8+,,+&=! #8! /211).//.4! .:%4.0&.! @6.0! *6.!&#0&,2/%#0! %/! /211#)*.4!L=! *6.!1).C%/./!#88.).4F!L2*! +*! ,.+/*!#0.!:%*+,!8+&*!*6+*!@#2,4!204.)C%0.!*6%/!/211#)*!%/!,.8*!#2*I!

!9N+C1,.T!

!56%/! &,+//!C..*/! #0!V#04+=/F!M.40./4+=/F! +04! 3)%4+=/I! 3.L)2+)=! [SF!ADjP!%/!#0!+!M.40./4+=F!/#!B!.N1.&*!*#!/..!=#2!+,,!*6.0I!!! 9N1,+0+*%#0T!!M6%,.! %*! %/! *)2.! *6+*! 3.L)2+)=! [SF! ADjP! %/! +!M.40./4+=F!@.! #L:%#2/,=!@%,,!0#*!L.!+**.04%0$!*6%/!/&6##,! %0!*6+*!C+0=!=.+)/!8)#C!0#@I! !56+*! %*!@+/!0#*! /*+*.4! %0! *6.! 8%)/*!1).C%/.!@6%&6!=.+)! %*!@+/F! %/!@6+*! ).04.)/!*6.!+)$2C.0*!8+,,+&%#2/I!!G#F!*6.!1)./.0*.4!&,+%C/!+).!204.)C%0.4!L=!+0!#L:%#2/,=!).,.:+0*!1%.&.!#8!%08#)C+*%#0F!%/!*6.!1+)*%&2,+)!M.40./4+=!%0!72./*%#0!%/!%0!ADjP!+04!0#*!*6.!1)./.0*!=.+)!%0!@6%&6!=#2!+).!.0)#,,.4!%0!*6%/!&,+//I!.

EXI. F/''/"4(-.%<.!+;4*14,B.

!;0! +)$2C.0*! &#CC%*/! +! 8+,,+&=! #8! +CL%$2%*=! @6.0! .%*6.)! +! *.)C! #)!/*+*.C.0*! %0! *6.! +)$2C.0*! %/! 20&,.+)! ^#)! +CL%$2#2/_F! +04! *6%/!+CL%$2%*=!#L/&2)./!/#C.!L+4!).+/#0%0$I!!^[_! 972%:#&+*%#0T!!;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8!.72%:#&+*%#[email protected]!+!>.=!*.)C!%0!*6.!+)$2C.0*!%/!2/.4!%0!*@#!4%88.).0*!/.0/./I!!!!!

9N+C1,./T!

! Xj!

!;!/C+,,!1%.&.!#8!1+1.)!%/!,%$6*I!!G#C.*6%0$!&+00#*!L.!L#*6!,%$6*!+04!4+)>!+*!*6.!/+C.!*%C.I!!56.).8#).F!+!/C+,,!1%.&.!#8!1+1.)!&+00#*!L.!4+)>I!!;!6+C/*.)!%/!+0!+0%C+,I!56.).8#).F!+!,+)$.!6+C/*.)!%/!+!,+)$.!+0%C+,I!!!!m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

9N+C1,.T!!<.).C=!*#,4!C.!*6+*!6.!K2/*!).+4!+!/6#)*!/*#)=!+L#2*!+!K.@.,!6.%/*!%0!*6.!"#2:).!%0!Q+)%/I!!U2*!B!>0#@!*6+*!<.).C=!6+/!0.:.)!L..0!*#!Q+)%/I!!G#F!6.!C2/*!L.!,=%0$!+L#2*!).+4%0$!*6+*!0#:.,!*6.).I!!

9N+C1,./!#8!$)+CC+*%&+,,=!+CL%$2#2/!/*+*.C.0*/T!!B!/+@!+!5?!/6#@!+L#2*!+0!.+)*672+>.!,+/*!C#0*6I!<%C!$#*!:.)=!+0$)=!+*!6%/!C#*6.)J/!6#2/.I!!EXJ. F/''/"4(-.%<.82/++/,4"/'.!$/'%*B=.

.

;0! +)$2C.0*! &#CC%*/! +! 8+,,+&=! #8! $)+CC+*%&+,! +0+,#$=! @6.0! %*! %/!/*)2&*2)+,,=! +0+,#$#2/! *#! +! $##4! +)$2C.0*F! L2*! %0! @6%&6! +0!20@+))+0*.4!%08.).0&.!%/!C+4.I!!^[_! (#C1#/%*%#0T!!

! PD!

;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8!&#C1#/%*%#[email protected]!%*!%/!&,+%C.4!*6+*!+!<0*+&!C2/*!6+:.!+!1)#1.)*=!#0! *6.!$)#204/! *6+*! *6.!.!"(,! 6+:.! *6+*!1)#1.)*=I!!!!

9N+C1,./T!!m#0.!#8! *6.!L##>/! %0! *6%/!/*+&>!@.%$6/!#:.)!X!1#204/I! !56.).8#).F! *6%/!/*+&>!#8!L##>/!4#./!0#*!@.%$6!#:.)!*6)..!1#204/I!!

m#!8+,,+&=T!!G%0&.!.:.)=!1%.&.!#8!*6.!*+L,.!%/!C+4.!#2*!#8!@##4F!*6.!*+L,.!%/!C+4.!#2*!#8!@##4I!!^A_! n%:%/%#0T!!;0!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!#8!4%:%/%#[email protected]!%*!%/!&,+%C.4!*6+*!*6.!.!"(,!^#8!+!@6#,._!C2/*!6+:.!+!1)#1.)*=!#0!*6.!$)#204/!*6+*!*6.!<0*+&!6+/!*6+*!1)#1.)*=I!!!!

9N+C1,.T!!56%/!6#2/.!%/!:.)=!L%$I!!G#F!.:.)=!)##C!%0!*6.!6#2/.!C2/*!L.!:.)=!L%$I!! !

m#!8+,,+&=T!!<+>.J/!&+)!%/!%0!"#/!;0$.,./I!!G#F!.:.)=!1+)*!#8!6%/!&+)!%/!%0!"#/!;0$.,./I!!B0! $.0.)+,F! @6.0! ,##>%0$! +*! 1#*.0*%+,! &+/./! #8! *6.! &#C1#/%*%#0! +04!4%:%/%#0!8+,,+&=F!L.!/2).!*#!1+=!+**.0*%#0!*#!*6.!1)#1.)*=!*6+*!%/!+*!%//2.I!(.)*+%0!1)#1.)*%./!*)+0/8.)!8)#C!<0*+&4(*4.!"(F!+04!#*6.)!*)+0/8.)!8)#C!.!"(4(*4<0*+&I!!!!!!!!

! P[!

EXN. !))4,4%$/'.</''/"4(-.

.

^[_! d.0.*%&!3+,,+&=!!;0! +)$2C.0*! &#CC%*/! *6.! $.0.*%&! 8+,,+&[email protected]! *6.! +)$2.)! %08.)/! *6+*!#0.!*6%0$!6+/!+!1)#1.)*=!L.&+2/.!%*!#)%$%0+*.4!8)#C!/#C.*6%0$!*6+*!6+4!*6.!1)#1.)*=I!!! 9N+C1,.T!!U#*6!#8!(6)%/J/!1+).0*/!+).!+,&#6#,%&/I!!G#F!(6)%/!C2/*!L.!+0!+,&#6#,%&!+/!@.,,I!!! m#!3+,,+&=T!!56%/!&6+%)!C2/*!L.!C+4.!#2*!#8!@##4F!/%0&.!%*!@+/!C+4.!#0,=!8)#C!*6+*!#+>!*)..I!!! BC1#)*+0*T!!56.! @+*.)! %0! *6.! V#0*.).=! U+=! ;72+)%2C! %/! /+,*@+*.)! L.&+2/.! .:.)=!4)#1!#8!%*!&+C.!8)#C!*6.!Q+&%8%&!O&.+0F!@6%&6!%/!+!/+,*@+*.)!#&.+0I!!^A_! d+CL,.)J/!3+,,+&=!!;0!+)$2C.0*!&#CC%*/! *6.!$+CL,.)J/! 8+,,+&[email protected]!#0.!L.,%.:./! *6+*!+0!.:.0*!@%,,!#&&2)!L.&+2/.!%0!*6.!1+/*!%*!6+/!0#*!#&&2)).4F!+04!*6.!.:.0*/!+).!%04.1.04.0*!#8!#0.!+0#*6.)I!!! 9N+C1,.T!!56.!,+/*!*%C.!/#C.#0.!2/.4!*6%/!/,#*!C+&6%0.F!*6.=!6%*!+!K+&>1#*I!!G#F!*6.!0.N*!*%C.!/#C.#0.!2/./!*6+*!/+C.!/,#*!C+&6%0.F!%*!4.8%0%*.,=!@%,,!0#*!L.!+!K+&>1#*I!!!!!!

! PA!

EXO. 0%+(."%++%$'B."%$<1-().</''/"4(-.

.

[I! G*)+@!V+0!:/I!-.4!W.))%0$!!O8*.0!G*)+@!V+0!+04!-.4!W.))%0$!+).!6+)4!*#!/.1+)+*.I!56.!>.=!*6%0$!*#!8#&2/!#0!%/!@6.*6.)!*6.!+2*6#)!%0*.04/!!

^+_!! *#! %0*)#42&.! +0! +)$2C.0*! *6+*! %/! %)).,.:+0*! L.&+2/.! %*! %/!.+/%.)!*#!4.8.+*I!

^L_!! *#! %0*)#42&.! +0! %)).,.:+0*! *#1%&! %0! #)4.)! *#! 4%/*)+&*!+**.0*%#0!8)#C!*6.!C+%0!1#%0*I!!!

!(+/.!^+_!%/!G*)+@!V+0I!(+/.!^L_!%/!-.4!W.))%0$I!!AI! W+/*=!d.0.)+,%\+*%#0!:/I!(#C1#/%*%#0!!W+/*=!d.0.)+,%\+*%#0!+04!(#C1#/%*%#0!/6+).!%0!&#CC#0!*6.!8.+*2).!*6+*!*6.!+)$2.)!C#:./! 8)#C!+**)%L2*%0$!+!1)#1.)*=!#0!+! a/C+,,! /&+,.c! %0! *6.!1).C%/./! *#!+**)%L2*%0$!+!1)#1.)*=!#0!+!a,+)$.!/&+,.c! %0! *6.!&#0&,2/%#0I!56%/!8.+*2).!#8!C#:%0$!8)#C!+!/C+,,!/&+,.!*#!+!,+)$.!/&+,.!%/!@6+*!C+>./!*6.! *@#! 6+)4! *#! /.1+)+*.I! 56.! >.=! %/! *#! 8#&2/! #0! @6.*6.)! *6.! +2*6#)!%0*.04/!!!

^+_!! *#! *+>.! +! 1)#1.)*=! *6+*! %/! 6+4! L=! +! /2L]$)#21! #8! +! *#*+,!1#12,+*%#0!+04!#&'&"!+-M&4*#!*6.!@6#,.!1#12,+*%#0I!

^L_! *#!*+>.!+!1)#1.)*=!*6+*!%/!6+4!L=!&2&"54.!"(!#8!+!@6#,.F!+04!C+%0*+%0!*6+*!%*!%/!6+4!L=!*6.!@6#,.I!

!9N+C1,./T!

!XDD!#2*!#8!*6.!XSFDDD!G+0!<#/.!G*+*.!H0%:.)/%*=!/*24.0*/!,%:.!#0!&+C12/I!G#F!C#).!*6+0!ED!1.)&.0*!#8!G+0!<#/.!G*+*.!H0%:.)/%*=!/*24.0*/!C2/*!,%:.!#0!&+C12/I!!9:.)=!1+)*!#8!*6.!@+*&6!%/!/C+,,I!G#F!*6.!@+*&6!%/!/C+,,I!!56.!8%)/*!+)$2C.0*!%/!+!&+/.!#8!W+/*=!d.0.)+,%\+*%#0I!G2).,=F!+!/+C1,.!#8!XDD!/*24.0*/!#2*!#8!XSFDDD!%/!8+)!*##!8.@!*#!$.0.)+,%\.!*#!*6.!&#0&,2/%#0!*6+*!C#).!*6+0!ED!1.)&.0*!#8!/*24.0*/!,%:.!#0!&+C12/I!!

! PX!

!56.! /.&#04! +)$2C.0*! %/! +! &+/.! #8! &#C1#/%*%#0I! G%\.! %/! *6.! >%04! #8!1)#1.)*=!*6+*!+$$).$+*./I!B04.1.04.0*!1+)*/!&+0!L.!/C+,,F!@6%,.!&#C%0$!*#$.*6.)!*#!8#)C!+!20%*!*6+*!%/!,+)$.I!!!EXQ. :("7$4@1(-.<%2.4)($,4<B4$*.</''/"4(-!

M6.0! +**.C1*%0$! *#! %4.0*%8=!@6.*6.)! +! 1+//+$.! &#0*+%0/! +! 8+,,+&=! 2/.!*6.!8#,,#@%0$!1)#&.42).I!

^+_ n#./! *6.! 1+//+$.! &#0*+%0! +0! +)$2C.0*b! B8! /#F! @6+*! %/! *6.!&#0&,2/%#0b!

^L_ n#./!*6.!1+//+$.!&#0*+%0!+!&#0*)#:.)/%+,!&,+%Cb!^&_ n#!+0=!#8!*6.!&.0*)+,!&,+%C/!).,=!#0!.N1.)*%/.b!^4_ B/!+!/.*!#8!#1*%#0/!+//2C.4!*#!L.!.N6+2/*%:.b!^._ n#!+0=!@#)4/!+11.+)!*#!L.!2/.4!%0!4%88.).0*!@+=/b!

o..1!%0!C%04!*6+*!+!1+//+$.!C+=!&#0*+%0!C#).!*6+0!#0.!8+,,+&=I!o..1!%0!C%04!*6+*!#8*.0!*%C./!L=!+/>%0$!+!/.)%./!#8!C#).!1).&%/.!72./*%#0/!#0.!&+0!+))%:.!+*!*6.!1).&%/.!8+,,+&=!%0!72./*%#0I!3#)!.N+C1,.F!%0!).+4%0$!+0!+)$2C.0*! =#2! C%$6*! 8..,! *6+*! *6.! 1).C%/./! +).! %)).,.:+0*! *#! *6.!&#0&,2/%#0I!U2*!#0&.!=#2!+/>!a@6=bc!=#2!C+=!4%/&#:.)!%*!%/!L.&+2/.!#8!+!G*)+@C+0!+)$2C.0*!%/!1)./.0*b!

5+>.! 0#*.! #8! 4%88.).0*! ).+4%0$/! #8! *6.! 1+//+$.I! O8*.0! +! 8+,,+&=!@%,,! L.!).:.+,.4! @6.0! *6.! &#0*.N*! %0! @6%&6! *6.! +)$2C.0*! %/! L.%0$! $%:.0! %/!8#&2/.4!#0I!!

U.!/.0/%*%:.!*#!&#CC#0!1)#L,.C/!%0!1+//+$.!*=1./I!

56.!C#/*!%C1#)*+0*!*6%0$!+L#2*!%4.0*%8=%0$!8+,,+&%./!%/!0#*!*6.!0+C.!#8!*6.! 8+,,+&=F! L2*! +! &6+)+&*.)%\+*%#0! +04! 204.)/*+04%0$! #8! @6+*! *6.!1)#L,.C! %/I! 56.! &+1+&%*=! *#! +)*%&2,+*.! *6.! .))#)! +04! 4.8.04! %*! +/!1)#L,.C+*%&!%/!C#).!%C1#)*+0*!*6+0!L.%0$!+L,.!*#!&%*.!*6.!0+C.F!L2*!0#*!.N1,+%0!*6.!1)#L,.C!#)!4.8.04!*6+*!*6.!+)$2C.0*!&#CC%*/!*6.!8+,,+&=!%0!72./*%#0I!!

.

.

.

.

! PP!

>$4,.C.

F%2+/'.GH/'1/,4%$.%<.!2*1+($,-.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

! PR!

57/M,(2.I..

524,(24/.<%2.GH/'1/,4$*.!2*1+($,-..

IX?.. :7(.<%2+P"%$,($,.)4-,4$",4%$.

.

O0.! #8! *6.! C#/*! %C1#)*+0*! 4%/*%0&*%#0/! %0! ,#$%&F! +04! +0! .//.0*%+,!&#C1#0.0*! #8! .88.&*%:.! &)%*%&+,! ).+/#0%0$F! %/! *6.! 8#)C]&#0*.0*!4%/*%0&*%#0I! B0! #)4.)! *#! $.*! +! 6+04,.! #0! *6%/! 4%/*%0&*%#0F! &#0/%4.)! *6.!8#,,#@%0$!+)$2C.0*/T!!^+_! B8!*+N./!%0&).+/.F!*6.0!%08,+*%#0!@%,,!%0&).+/.I!! 5+N./!@%,,!%0&).+/.I!

!! B08,+*%#0!@%,,!%0&).+/.I!!^L_! B8!@+$./!8+,,F!*6.0!*+N./!@%,,!%0&).+/.I!! M+$./!@%,,!8+,,I!

!! 5+N./!@%,,!%0&).+/.I!!^&_! ;,,!4#$/!+).!C%&.I!!! ^4_! ! ;,,!L%)4/!+).!+0%C+,/I!! ! !

;,,!C%&.!+).!8%/6I! ! ! ! ;,,!+0%C+,/!+).!C+CC+,/I!!

!! ;,,!4#$/!+).!8%/6I! ! ! !! ;,,!L%)4/!+).!C+CC+,/I!!!m#*%&.! *6+*! +,*6#2$6! ^+_! +04! ^L_F! +04! ^&_! +04! ^4_! 4%88.)! %0! &#0*.0*F! ^+_!+04!^L_!/6+).!+!1+**.)0!#8!).+/#0%0$F!+04!^&_!+04!^4_!/6+).!+!1+**.)0!#8!).+/#0%0$I! ^+_! +04! ^L_!4%88.)! %0! &#0*.0*!L.&+2/.! ^+_! %/! +L#2*! *+N./! +04!%08,+*%#0F!+04!^L_!%/!+L#2*!@+$./!+04!*+N./l!^&_!+04!^4_!4%88.)!%0!&#0*.0*!L.&+2/.! ^&_! %/! +L#2*! 4#$/F! C%&.F! +04! 8%/6l! @6%,.! ^4_! %/! +L#2*! L%)4/F!+0%C+,/F!+04!C+CC+,/I!!!56.!&#CC#0!8#)C!*6+*!^+_!+04!^L_!/6+).!%/!!!! 7/!QF!(0&'!`I!! QI!

!! `I!!!!!

! PE!

56.!&#CC#0!8#)C!*6+*!^&_!+04!^4_!/6+).!%/!!!!

>++!;!+).!UI!>++!U!+).!(I!

!! >++!;!+).!(I!!!!B/#,+*%0$!+04!6#,4%0$!&#0/*+0*!/1.&%8%&!,#$%&+,!16)+/./!%0!*6.!/*+*.C.0*/!*6+*! C+>.! 21! *6.! +)$2C.0*F! +04! +L/*)+&*%0$! +@+=! *6.! &#0*.0*! #8! *6.!0#0],#$%&+,! 16)+/./! $.0.)+*.! *6.! ,#$%&+,! 8#)C! #8! +0! +)$2C.0*I! "#$%&+,!8#)C! %/! +! &#0/.72.0&.! #8! 6#,4%0$! /#C.! 16)+/./! &#0/*+0*F! *6.! ,#$%&+,!16)+/./F! +04! +L/*)+&*%0$! +@+=! 8)#C! *6.! &#0*.0*! #8! *6.! 0#0],#$%&+,!16)+/./I!!!3)#C!+!,#$%&+,!1#%0*!#8!:%.@!^+_!+04!^L_!+).!M2%M%-4,4%$/'./2*1+($,-l!*6.!,#$%&+,!16)+/./!*6+*!+).!).,.:+0*!*#!1)#1#/%*%#0+,!+)$2C.0*/!+).!*6.!,#$%&+,! 16)+/./! *6+*! &#00.&*! 1)#1#/%*%#0/! #)! /.0*.0&./! *#$.*6.)I! 56.!1)#1#/%*%#0+,! &#00.&*%:.! %0! ^+_! +04! ^L_! %/! Y%8qI*6.0JI! B*! %/! +! &#00.&*%:.!*6+*! K#%0/! 1)#1#/%*%#0/F! %0! *6.! &+/.! #8! ^+_! *6.! 1)#1#/%*%#0/! K#%0.4! +).!Y*+N./! %0&).+/.J! +04! Y%08,+*%#0! @%,,! %0&).+/.JI! O*6.)! 1)#1#/%*%#0+,!&#00.&*%:./! +04! #1.)+*#)/! +).! Y0#*JF! Y#)JF! Y+04JF! Y%8! +04! #0,=! %8JI! 56./.!&#00.&*%:./! +04!#1.)+*#)/!@%,,! L.! *6.! 8#&2/!#8! /*[email protected]!@.! *2)0! *#!1)#1#/%*%#0+,! ,#$%&I! B0! 1)#1#/%*%#0+,! ,#$%&F! 1)#1#/%*%#0/! +).! +L/*)+&*.4!+@+=!8)#CF!+04!1)#1#/%*%#0+,!&#00.&*%:./!+).!1)./.):.4I!!!!3)#C! +! ,#$%&+,! 1#%0*! #8! :%.@! ^&_! +04! ^4_! +).! @1/$,4<4"/,4%$/'./2*1+($,-F! *6.! ,#$%&+,! 16)+/./! *6+*! +).! ).,.:+0*! +).! Y+,,JF! Y0#JF! +04!Y/#C.JI!56./.!16)+/./!+).!>0#@0!+/!72+0*%8%.)!16)+/./!L.&+2/.!*6.=!*+,>!#8!72+0*%*=I!56.=!+44).//!*6.!72./*%#0T!6#@!C+0=!#8!/2&6!+04!/2&6!+).!/#!+04!/#b!!3#)!.N+C1,.F!6#@!C+0=!L%)4/!+).!+0%C+,/b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

! PS!

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d%:.0!+0!+)$2C.0*F!#2)!1)%C+)=!$#+,!%/!*#! 4.*.)C%0.!@6.*6.)! *6.! +)$2C.0*! %/! $##4I! B8! *6.! +)$2C.0*! %/! $##4F!*6.0!1.)6+1/!@.!/6#2,4!).:%/.!#2)!L.,%.8/!%0!,%$6*!#8!@6+*!*6.!&#0&,2/%#0!#8!*6.!+)$2C.0*!%/l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email protected]!%*!%/!%C1#//%L,.!8#)!*6.!1).C%/./!*#!L.!*)2.F!+04!*6.!&#0&,2/%#0!8+,/.!+*!*6.!/+C.!*%C.I!!B*$'8'&,,T!+0!+)$2C.0*!%/!/#[email protected]!%*!%/!:+,%4!+04!+,,!#8!*6.!1).C%/./!+).!*)2.I!!m#*.T!7/4!'4!"#$%&'(4-,4,*$'8F4(0&'4(0&4)*')+$,-*'40!,4(*43&4("$&O!W.).! %/! +0! +)$2C.0*! 8#)! *6%/! &,+%C!2/%0$! *6.!4.8%0%*%#0!#8! :+,%4%*=! +04!/#2040.//I!!

! Pk!

d%:.0!*6+*!+!/#204!+)$2C.0*!%/!:+,%4F!%*!8#,,#@/!*6+*!%8!*6.!1).C%/./!+).!*)2.F!*6.!&#0&,2/%#0!6+/!*#!L.!*)2.l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

!! W2C+0/!+).!).1*%,./I!!^L_!! B8!62C+0/!+).!C+CC+,/F!*6.0!@6+,./!+).!C+CC+,/I!! M6+,./!+).!C+CC+,/I!

!! W2C+0/!+).!C+CC+,/I!!^+_! %/! +! &+/.! %0! @6%&6! *6.! 1.)/#0! +)$2%0$! 4#./! 0#*! >0#@! *6.! 8+&*/! #8!L%#,#$=I!W#@.:.)F!*6.).!%/!/#C.*6%0$!1)+%/.@#)*6=!+L#2*!*6.!).+/#0%0$!%0! ^+_I! B8! *6.! 1).C%/./! @.).! *)2.F! *6.! &#0&,2/%#0! @#2,4! L.! *)2.I!V#).#:.)F! ^+_! %/! :+,%4I! ^L_! %/! +! &+/.! %0!@6%&6! *6.! 1.)/#0! +)$2%0$! 4#./!>0#@!*6.!8+&*/!#8!L%#,#$=I!W#@.:.)F!*6.).!%/!/#C.*6%0$!@)#0$!@%*6!^L_I!9:.0!*6#2$6!*6.!1).C%/./!+).!*)2.F!*6.!&#0&,2/%#0!4#./!0#*!8#,,#@I!

! Pj!

!-.&+,,! *6+*! +0! +)$2C.0*!C+>./! *@#! &,+%C/I! 56.! 8+&*2+,! &,+%CF! *6+*! *6.!1).C%/./!+).! *)2.F!+04!*6.! %08.).0*%+,!&,+%CF! *6+*! *6.!1).C%/./!/211#)*!*6.! &#0&,2/%#0I! m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

!. B8!/72+)./!+).!).&*+0$,./F!*6.0!*)%+0$,./!+).!/6+1./I!!^&_!%/!+!&+/.!%0!@6%&6!*6.!+)$2C.0*!%/!:+,%4F!+04!/#204I!B*!%/!%C1#//%L,.!8#)!*6.!1).C%/./!*#!L.!*)2.!+04!*6.!&#0&,2/%#0!8+,/.I!56.!+)$2C.0*!%/!+0!%0/*+0&.!#8!+!:+,%4!+)$2C.0*!8#)CI!;04!%0!8+&*F!*6.!1).C%/./!+).!*)2.I!!M6+*! %/! %C1#)*+0*!+L#2*!:+,%4%*=! %/! *6+*[email protected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b!B0!*6.! L.$%00%0$! #8! *6%/! /.&*%#0! %*!@+/!0#*.4! *6+*! :+,%4%*=! +04! /#2040.//!+).!0.&.//+)=!&#04%*%#0/!8#)!+0!+)$2C.0*!L.%0$!$##4I!m#@!%*!%/!*%C.!*#!/6#@!@6=! :+,%4%*=! +04! /#2040.//! +).! 0#*! /288%&%.0*! &#04%*%#0/! 8#)! +0!+)$2C.0*!L.%0$!$##4I!!^4_! ;,,!C+CC+,/!+).!+0%C+,/I!

!! ;,,!C+CC+,/!+).!+0%C+,/I!!;0!+)$2C.0*!%/!+!/.72.0&.!#8!/*+*.C.0*/!#0.!#8!@6%&6!%/!/211#)*.4!L=!*6.! #*6.)/I! ^4_! %/! &,.+),=! +0! +)$2C.0*! 204.)! *6+*! 4.8%0%*%#0I! 56.! 8%)/*!

! RD!

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m#!).+/#0! %/!#88.).4!8#)!*6.!&#0&,2/%#0!#*6.)!*6+0!*6.!&#0&,2/%#0I!m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

!! ;,,!/72+)./!+).!&%)&,./I!!;!:+,%4!+)$2C.0*!&+0!6+:.!8+,/.!1).C%/./!+04!+!*)2.!&#0&,2/%#0T!!! ;,,!/72+)./!+).!&%)&,./I!! ;,,!&%)&,./!+).!).&*+0$,./I!

!! ;,,!/72+)./!+).!).&*+0$,./I!!56.! +0/@.)! *#! @6=! *6%/! #&&2)/! %/! L.&+2/.! :+,%4%*=! +04! %0:+,%4%*=! +).!8#)C+,!1)#1.)*%./!#8!+0!+)$2C.0*I!56.!).+/#0!+!:+,%4!+)$2C.0*!&+0!6+:.!8+,/.! 1).C%/./! +04! +! 8+,/.! &#0&,2/%#0F! +04! 8+,/.! 1).C%/./! +04! +! *)2.!&#0&,2/%#0! %/! L.&+2/.! *6.! /1.&%8%&! +)$2C.0*! L.%0$! C+4.! &+0! L.! +0!%0/*+0&.!#8!+0!+)$2C.0*!8#)C!*6+*!%/!:+,%4I!!

! R[!

!U#*6! #8! *6.! &+/./! +L#:.! +).! %0/*+0&./! #8! *6.! "/,(*%24"/'. /2*1+($,!8#)CT!!

;,,!;!+).!UI!;,,!U!+).!(I!

!! ;,,!;!+).!(I!!!56%/!+)$2C.0*!8#)C!%/!/2&6!*6+*!0#!C+**.)!@6+*!Y;JF!YUJF!+04!Y(J!/*+04!8#)!*6.! /1.&%8%&! +)$2C.0*! L.%0$! C+4.! @%,,! L.! :+,%4! L.&+2/.! +0=! /1.&%8%&!+)$2C.0*!@%,,!L.!+0! %0/*+0&.!#8! *6.!:+,%4!+)$2C.0*! 8#)C!+L#:.! ^C#).!#0!*6%/!*#!&#C.!%0!&6+1*.)/!*6+*!8#,,#@_I!.

"%>.@%/.F! +0! +)$2C.0*! &+0! 6+:.! *)2.! 1).C%/./! +04! +! *)2.! &#0&,2/%#0!+04!L.!%0:+,%4I!!!

;,,!/72+)./!+).!1#,=$#0/I!;,,!).&*+0$,./!+).!1#,=$#0/I!

!! ;,,!/72+)./!+).!).&*+0$,./I!!B0! *6.! +)$2C.0*! +L#:.! *6.! 1).C%/./! +04! *6.! &#0&,2/%#0! +).! *)2.I!W#@.:.)F!*6.!+)$2C.0*!%/!%0:+,%4I!56.!+)$2C.0*!%/!%0:+,%4!L.&+2/.!%*!%/!+0! %0/*+0&.! #8! +0! %0:+,%4! +)$2C.0*! 8#)CI! M.! &+0! /6#@! *6%/! L=!4.*.)C%0%0$! *6.! +)$2C.0*/! ,#$%&+,! 8#)CF! +04! /6#@%0$! *6+*! %*! 6+/! +0!%0/*+0&.!%0!@6%&6!*6.!1).C%/./!+).!*)2.!+04!*6.!&#0&,2/%#0!8+,/.I!!

;,,!;!+).!(I!;,,!U!+).!(I!

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

! RA!

!;,,!&+*/!+).!+0%C+,/I!;,,!4#$/!+).!+0%C+,/I!

!! ;,,!&+*/!+).!4#$/I!!U=!/2L/*%*2*%0$!*6.!&+*.$#)=!)!(!8#)!;F!8*#!8#)!UF!+04!!'-%!+!8#)!(!%0!*6.!+)$2C.0*! 8#)C! +! 0.@! /1.&%8%&! +)$2C.0*! %/! 4.*.)C%0.4I! W#@.:.)F! *6%/!%0/*+0&.!6+/! *)2.!1).C%/./!+04!+! 8+,/.!&#0&,2/%#0I!56%/!/6#@/!*6+*! *6.!8#)C!+L#:.!%/!+0!%0:+,%4!8#)Cl!+04!*62/!+,*6#2$6!*6.!#)%$%0+,!+)$2C.0*!+L#2*! /72+)./F! ).&*+0$,./F! +04! 1#,=$#0/! 6+4! *)2.! 1).C%/./! +04! +! *)2.!&#0&,2/%#0F!%*!%/!%0:+,%4I!!!G#F! #0.! /6#2,4! +,@+=/! L.! &+).82,[email protected]! *+,>%0$! +L#2*! *6.! :+,%4%*=! #8! +!/1.&%8%&! +)$2C.0*! *#! 4%/*%0$2%/6! *6.! +&*2+,! *)2*6! #)! 8+,/%*=! #8! *6.!1).C%/./!+04!*6.!&#0&,2/%#0!%0!*6.!+)$2C.0*!8)#C!*6.!1#//%L%,%*=!#8!*)2.!1).C%/./! +04! +! 8+,/.! &#0&,2/%#0! 8#)! *6.! +)$2C.0*! 8#)CI! B0! +44%*%#0F!+&*2+,! *)2*6! +04! 8+,/%*=! %/! #8*.0! +! 4%/*)+&*%#0I! M6.0! .:+,2+*%0$! +0!+)$2C.0*!#0.!/6#2,4!0#*!$.*!,#&>.4!%0*#!*6.!+&*2+,!*)2*6!#)!8+,/%*=!#8!+!1).C%/.!#)!&#0&,2/%#0I! o0#@,.4$.!#8!*6.!*)2*6!#)!8+,/%*=!#8!+!1).C%/.!%/!6.,182,[email protected]! #0.! %/! +//.//%0$! /#2040.//F! $%:.0! *6+*! %8! +0! +)$2C.0*! %/!:+,%4F! *6.! 0.N*! 72./*%#0! @.! @+0*! *#! +/>! %/T! +).! *6.! 1).C%/./! *)2.b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

.

.

.

.

! RX!

57/M,(2.J..

:7(.K/$*1/*(.%<.L2%M%-4,4%$/'.K%*4"..

JXS.. >-4$*.<%2+/'.-B-,(+-.,%.(H/'1/,(./2*1+($,-.

!?+,%4%*=! %/! +0! %C1#)*+0*! 1)#1.)*=! #8! +0! +)$2C.0*I! 56.! ).+/#0! @6=! %/!*6+*[email protected]!+0!+)$2C.0*!%/!:+,%4!@.!>0#@!*6+*!*6.!1+**.)0!#8!).+/#0%0$!%*!.C1,#=/! %/! ("$(01."&,&"2-'#I! ?+,%4%*=! #8! +0! +)$2C.0*! *.,,/! 2/! *6+*! *6.!1+**.)0! #8! ).+/#0%0$! %0:#,:.4! %/! /2&6! *6+*! %*! %/! %C1#//%L,.! 8#)! *6.!1).C%/./! *#! L.! *)2.! +04! *6.! &#0&,2/%#0! 8+,/.I! ;/! +! &#0/.72.0&.F! *6.!1+**.)0!#8! ).+/#0%0$!0.:.)! *+>./!2/! 8)#C!+&*2+,,=! *)2.!1).C%/./! *#! +0!+&*2+,,=! 8+,/.! &#0&,2/%#0l! @6.0! +0! +)$2C.0*! %/! :+,%4F! *6.! *)2*6! #8! *6.!1).C%/./!$2+)+0*../!*6.!*)2*6!#8!*6.!&#0&,2/%#0I!!!;,*6#2$6! C+0=! #8! *6.! +)$2C.0*/! @.! .0&#20*.)! +).! $%:.0! %0! 0+*2)+,!,+0$2+$./F!/2&6!+/!90$,%/6F!%*!*2)0/!#2*!*6+*[email protected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

4

4

4

! RP!

B(&.![T!B4.0*%8=!*6.!+)$2C.0*!%0!%*/!0+*2)+,!,+0$2+$.!&#0*.N*I!!B(&.!AT!5)+0/,+*.!*6.!+)$2C.0*!8)#C!0+*2)+,!,+0$2+$.!%0*#!*6.!,+0$2+$.!#8!Q"I!!B(&.! XT! H/.! /#C.! 8#)C+,! *./*! 1)#&.42).! @%*6%0! *6.! ,+0$2+$.! #8! Q"! *#!4.*.)C%0.!%8!*6.!+)$2C.0*!%/!:+,%4I!!m#*%&.! *6+*! #2)! 1)#&.42).! 4#./! 0#*! 4%/&2//! /#2040.//I! 56.! ).+/#0! %/!*6+*! /#2040.//! 6+/! *@#! &#C1#0.0*/T! *6.! <%2+/'. &#C1#0.0*! +04! *6.!"%$,($,! &#C1#0.0*I! 3#)C+,! ,#$%&F! 8#)! *6.!C#/*! 1+)*F! &+0! #0,=! 6.,1! 2/!4.*.)C%0.!@6.*6.)! +0! +)$2C.0*! %/! :+,%4I! B*! &+00#*! *.,,! 2/F! 8#)! +! $).+*!C+0=! /*+*.C.0*/F! @6.*6.)! *6.! /*+*.C.0*! %/! *)2.I! 3#)! .N+C1,.F! @6%,.!,#$%&!&+0!*.,,!2/!@6.*6.)!+0!+)$2C.0*!#8!*6.!8#)CI!!B8!QF!*6.0!`I!QI!56.).8#).F!`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email protected]! *)+0/,+*%0$! 8)#C! +! 0+*2)+,! ,+0$2+$.!%0*#!+!8#)C+,!,+0$2+$.F!K2/*!+/!#0.!6+/!*#!L.!&+).82,!*)+0/,+*%0$!8)#C!#0.!0+*2)+,! ,+0$2+$.! *#! +0#*6.)! 0+*2)+,! ,+0$2+$.! @6.0! +**.C1*%0$! *#!1)./.):.! C.+0%0$I! ;04! #0.! 6+/! *#! L.! &)%*%&+,! %0! *6.%)! K24$C.0*! #8!:+,%4%*=! +04! %0:+,%4%*=! L+/.4! #0! *6.! 8#)C+,! /=/*.C! *6.=! 2/.! L=! L.%0$!+@+).!#8!*6.!,%C%*+*%#0/!#8!,#$%&+,!+0+,=/%/I!!!

! RR!

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d.)C+0! 6+:.! +,C#/*! +,,! #8! *6.! /+C.!L+/%&! /=CL#,/! &+1*2).4! L=! *6.! #:.),+1! %0! *6.%)! +,16+L.*I! W#@.:.)F!90$,%/6!+04!(,+//%&+,!;)+L%&!6+:.!&#C1,.*.,=!4%88.).0*!/=CL#,/!&+1*2).4!L=!*6.!4%/K#%0*0.//!#8!*6.%)!L+/%&!+,16+L.*/I!m#!1+)*!#8!90$,%/6!/&)%1*! %/!2/.4!%0!(,+//%&+,!;)+L%&I!!(#0&.)0%0$!/.C+0*%&/F!%*!%/!&,.+)!*6+*!#8*.0!*@#!4%88.).0*!,+0$2+$./!@%,,!2/.!4%88.).0*!@#)4/!*#!).8.)!*#!*6.!/+C.!*6%0$I!56.!90$,%/6!@#)4!Y/0#@J!).8.)/! *#! /0#@l! +04! *6.! d.)C+0!@#)4! Y/&60..J! ).8.)/! *#! /0#@I! ;&)#//!0+*2)+,!,+0$2+$./!*6.!+*#C%&!20%*/F!@#)4/F!:+)=!+04!@6%&6!+*#C%&!20%*/!C.+0!@6%&6!*6%0$/!%0!*6.!@#),4!:+)=I!!(#0&.)0%0$!/=0*+NF!+C#0$/*!*6.!:+)%#2/!0+*2)+,!,+0$2+$./F!/#C.!#8!*6.!,+0$2+$./!+).!/2LK.&*]:.)L]#LK.&*!,+0$2+$./!^G?O_F!+04!#*6.)/!+).!:.)L]/2LK.&*]#LK.&*!,+0$2+$./!^?GO_I!;!/2LK.&*!8%)/*!,+0$2+$.!%/!#0.!%0!@6%&6!*6.!/2LK.&*!#8!*6.!/.0*.0&.!%/!%0!8%)/*!1#/%*%#0!$%:.0!*6.!).+4%0$x@)%*%0$!#)4.)I!;!:.)L!8%)/*!,+0$2+$.!%/!#0.!%0!@6%&6!*6.!:.)L!#8!*6.!/.0*.0&.!%/!%0!8%)/*!1#/%*%#0I!!90$,%/6!%/!+0!G?O!,+0$2+$.I!!(#0/%4.)!*6.!4.&,+)+*%:.!/.0*.0&.!Y<#60!%/!*+,,JI!Y<#60J!%/!*6.!/2LK.&*!#8!*6.!/.0*.0&.I!90$,%/6!%/!).+4!+04!@)%**.0!8)#C!,.8*!*#!)%$6*F!+04!/#! Y<#60J! %/!+,/#!%0!8%)/*!1#/%*%#0I!Y%/!*+,,J!%/!*6.!:.)L!+04!%/!%0!/.&#04!1#/%*%#0I!!!

! RE!

B0!90$,%/6!%*!%/!+$+%0/*!*6.!/=0*+&*%&+,!+04!$)+CC+*%&+,!)2,./!*#!@)%*.!Y%/! *+,,! <#60JI! d%:.0! *6+*! Y%/! *+,,J! %/! +! :.)L! 16)+/.F! +04! Y<#60J! %/! +! 0#20!16)+/.F! +04! *6.! /.0*.0&.! %/! 4.&,+)+*%:.I! 56.! )2,./! #8! 90$,%/6! /=0*+N!4..C!*6%/!&#CL%0+*%#0!#8!/=CL#,/!20$)+CC+*%&+,I!!!(,+//%&+,!;)+L%&!%/!+!?GO!,+0$2+$.I!!!B0! &,+//%&+,! ;)+L%&! *6.! ).+4%0$x@)%*%0$! #)4.)! %/! 8)#C! )%$6*! *#! ,.8*F! +04!#0.!C+=! /*+*.! *6.! :.)L!#8! *6.! /.0*.0&.! 8%)/*F! +04! *6.0! 8#,,#@!@%*6! *6.!/2LK.&*!#8!*6.!/.0*.0&.I!!!

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

.

.

.

! RS!

JX?. :7(.-B$,/U.%<.M2%M%-4,4%$/'.'%*4".

!Q)#1#/%*%#0+,! ,#$%&! %/! &#0&.)0.4! @%*6! *6.! ,#$%&! #8! 1)#1#/%*%#0+,!&#00.&*%:./! +04! #1.)+*#)/I! 56.! C+%0! 1)#1#/%*%#0+,! #1.)+*#)/! +04!&#00.&*%:./!*6+*!+).!/*24%.4!%0!1)#1#/%*%#0+,!,#$%&!+).T!!

• m.$+*%#0l!'*(!

• (#0K20&*%#0l!!'8!

• n%/K20&*%#0l4*"!

• V+*.)%+,!(#04%*%#0+,l!-/LOOF4(0&'LL!

• U%&#04%*%#0+,l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`F!-F!GF!5F!HF!?F!MF!yF!uF!z!

!56.!90$,%/6!&+1%*+,!,.**.)/!Q!*6)#2$6!z!+).!/*+*.C.0*!,.**.)/!#8!Q"I!56.=! 0+C.! /1.&%8%&! /*+*.C.0*/! 4.1.04%0$! #0! +! /&6.C.! #8!+LL).:%+*%#0!%0!@6%&6!*6.=!+).!,%0>.4!*#!+!/1.&%8%&!/*+*.C.0*I!

!

56.!20+)=!1)#1#/%*%#0+,!#1.)+*#)T!Y¬ J!

56.!L%0+)=!1)#1#/%*%#0+,!&#00.&*%:./T!Y" JF!Y# JF!Y$ JF!Y% J!56.!$)#21%0$!/=CL#,/T!Y^YF!Y_JF!YsYFJtJ!!B0! 0+*2)+,! ,+0$2+$./! %*! %/! %C1#)*+0*! *#! 6+:.! +! )2,.! #)! 1)#&.42).! 8#)!4.*.)C%0%0$! @6%&6! /*)%0$/! #8! /=CL#,/! +).! $)+CC+*%&+,! +04! @6%&6!/*)%0$/!+).!0#*I!;/!@.!/+@!%0!*6.!4%88.).0&.!L.*@..0!;)+L%&!+04!90$,%/6F!*6.! /=0*+&*%&+,! )2,./! #8! *6.! ,+0$2+$.! 4.*.)C%0.!@6.*6.)! +! /.0*.0&.! %/!$)+CC+*%&+,! #)! 0#*I! B0! *6.! 8#)C+,! /=/*.C! Q"F! +0! +*#C%&! /.0*.0&.! #)!&#C1#204! /.0*.0&.! %/! $)+CC+*%&+,! @6.0! %*! %/! +! @.,,]8#)C.4! 8#)C2,+!

! Rk!

^@88F! 8#)! /6#)*_I! B0! #)4.)! *#! %0*)#42&.! *6%/! &#0&.1*! @.! 8%)/*! 0..4! *#!4%/*%0$2%/6! L.*@..0! ,(!(&%&'(4 +&((&",! +04! ,(!(&%&'(4 2!"-!3+&,I! 56.!&+1%*+,! ,.**.)/! Qqqz! +).! 1+)*! #8! *6.! ,+0$2+$.! Q"F! <2/*! +/! *6.! &+1%*+,!,.**.)/!;qIz!+).!1+)*!#8!*6.!90$,%/6!"+0$2+$.I!!!3#)!.N+C1,.F!%0!*)+0/,+*%0$!*6.!+*#C%&!90$,%/6!/.0*.0&.!!!A*0'4-,4(!++O44

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l! )+*6.)! *6.=! +).! :+)%+L,./! )+0$%0$! #:.)! .:.)=! @.,,]8#)C.4!8#)C2,+!#8!Q"I!H0,%>.!/*+*.C.0*!,.**.)/F!/*+*.C.0*!:+)%+L,./!+).!0#*!1+)*!#8!*6.!,+0$2+$.!#8!Q"I!56.=!+).!1+)*!#8!*6.!%&(!1+!'#$!#&!#8!Q"I!56.=!+).!1+)*!#8!+!,+0$2+$.!*6+*!%/!2/.4!8#)!*+,>%0$!+L#2*!*6.!,+0$2+$.!#8!Q"I!!!!!

! Rj!

M%*6!*6.!2/.!#8!/*+*.C.0*!:+)%+L,./!@.!&+0!/*+*.!1).&%/.,=!@6+*!+!@.,,]8#)C.4! 8#)C2,+! #8! Q"! %/! *6)#2$6! +! ).&2)/%:.! 4.8%0%*%#0I! ;! ).&2)/%:.!4.8%0%*%#0! %/!#0.! %0!@6%&6!#0.!1+)*!#8! *6.!4.8%0%*%#0!&+0!L.!2/.4!+,#0$!@%*6!+0#*6.)!1+)*!#8!*6.!4.8%0%*%#0!%0!#)4.)!*#!4.8%0.!+!82)*6.)!.,.C.0*I!!!^[_! 9:.)=!/*+*.C.0*!,.**.)!QqI!z!%/!+!@.,,]8#)C.4!8#)C2,+I!

^A_! B8!.!+04!H!+).!@.,,]8#)C.4!8#)C2,+/F!*6.0!

! ^%_! ¬.F!

! ^%%_! ^.!$!H_F!

! ^%%%_! ^.!%!H_F!

! ^%:_! ^.4"!!H_F!

! ^:_! ^.!#!H_F!

+).!+,/#!@.,,]8#)C.4!8#)C2,+/I!

^X_! m#*6%0$! %/! +!@.,,]8#)C.4! 8#)C2,+!20,.//! )2,./! ^[_! +04! ^A_! %C1,=!*6+*!%*!%/I!

!56.!4.8%0%*%#0!+L#:.!*.,,/!2/F!8#)!.N+C1,.!*6+*!+,,!#8!*6.!8#,,#@%0$!+).!0#*!

@88/!#8!Q"T!^Q¬`_F!^$`Q_F!^"-_I!56./.!/*)%0$/!+).!0#*!@88/!L.&+2/.!*6.=!

8+%,!+*!,.+/*!#0.!&,+2/.!#8!*6.!4.8%0%*%#0!+L#:.I!U=!&#0*)+/*!^^Q!$!`_!#!-_!%/! +!@88! L.&+2/.! YQJF! Y`JF! +04! Y-J! +).! +,,! /*+*.C.0*! ,.**.)/! +04! /#!L=! ^[_!

*6.=!+).!@88/l!Y^Q!$!`_J!%/!+!@88!L=!^[_!+04!^%%_F!+04!Y^^Q!$!`_!#!-_J!%/!+!@88!L=!^[_F!^%%_F!+04!^:_I!!!O0.!%C1#)*+0*!&#0/.72.0&.!#8!*6.!4.8%0%*%#0!+L#:.!%/!*6+*!@.!&+0!+))%:.!+*!+!1)#&.42).!8#)!4.*.)C%0%0$!8#)!+0=!$%:.0!@88!@6+*!>%04!#8!8#)C2,+!%*!%/I!B0!Q"!.:.)=!&#C1#204!8#)C2,+!%/!.%*6.)!+!!

• m.$+*%#0!

• (#0K20&*%#0!

• n%/K20&*%#0!

• (#04%*%#0+,!

• U%&#04%*%#0+,!!

! ED!

56./.! #1*%#0/! &#))./1#04! *#! ^%_! ]! ^:_I! 5#! 4.*.)C%0.! @6+*! >%04! #8!8#)C2,+!+!$%:.0!8#)C2,+!%/!#0.!0..4!#0,=!%/#,+*.!*6.!%!-'4)*''&)(-2&4*"4*.&"!(*"I! G%0&.! +*#C%&! 8#)C2,+/! &+0! L=! K#%0.4! L=! *6.! #1.)+*#)/! +04!&#00.&*%:./!#8!Q"!*#!8#)C!&#C1#204!8#)C2,+/F!+04!*6%/!1)#&.//!&+0!L.!).1.+*.4!#:.)!+04!#:.)!+$+%0F!%*!%/!%C1#)*+0*!*#!%4.0*%8=!+!8#)C2,+!L=!*6.!C+%0!&#00.&*%:.F!*6+*!%/!*6.!&#00.&*%:.!*6+*!6+/!.:.)=!#*6.)!8#)C2,+!+/!+!&#C1#0.0*!#8!%*I!!9N+C1,./T!!

^Q!"!^`!$!-__!!!

56.!C+%0!&#00.&*%:.!#8!*6.!8#)C2,+!%/!"!L.&+2/.!*6.!&#0K20&*%#0!!!!!!

^`!$!-_!%/!#0,=!#0.!1+)*!#8!*6.!&#04%*%#0+,I!!!

^^Q!"!-_!$!^-!"!Q__!!!!

56.! C+%0! &#00.&*%:.! %/! $! L.&+2/.! *6.! *@#! 8#)C2,+/! @%*6!"! %0! *6.C!#&&2)!+/!1+)*/!#8!*6.!&#0K20&*%#0I!

¬^Q!"!^-!$!`__!!

56.!C+%0! #1.)+*#)! %/!¬! L.&+2/.! L#*6! *6.! 8#)C2,+! %0:#,:%0$!"! +04!$!#&&2)!+/!1+)*/!#8!*6.!0.$+*%#0I!!!!>49*'2&'(-*'49*')&"'-'#4(0&4P"*$.-'#4*/4E*"%$+!,!!B*!%/!%C1#)*+0*!*#!0#*.!*6+*!$%:.0!*6.!4.8%0%*%#0!#8!+!@.,,]8#)C.4!8#)C2,+!*6.!8#,,#@%0$!8#)C2,+/!+).!/*)%&*,=!/1.+>%0$!0#*!@88/I!!

^+_ !Q!"!`!

^L_ !Q!%!^`!$!-_!

^&_ !^Q!#!`_!$!-!!^+_! Z! ^&_! +).! 0#*! @88/! L.&+2/.! *6.=! ,+&>! *6.! &#)).&*! 02CL.)! #8!1+).0*6./%/I! B0! #)4.)! *#! /+*%/8=! *6.! ,.**.)! #8! *6.! 4.8%0%*%#0! +L#:.! *6.=!@#2,4!6+:.!*#!L.!).04.).4!+/!8#,,#@/T!!

^4_ !^Q!"!`_!

! E[!

^._ !^Q!%!^`!$!-__!

^8_ !^^Q!#!`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email protected]!@.!4%/&2//!*)+0/,+*%#0!*6.).!@%,,!L.!C#).!&#0:.0*%#0/!&#0&.)0%0$!$)#21%0$F!6#@.:.)F!*6#/.!)2,./!4.1.04!#0!*6.!/1.&%8%&!#1.)+*#)!L.%0$!2/.4I!;/!#8!0#@F! *6.! #0,=! &#0:.0*%#0! %0*)#42&.4! %/! *6+*! #2*.)! C#/*! 1+).0*6././!C+=!L.!4)#11.4I!O0.!/6#2,4!L.!&+).82,!%0!6#@!*6.=!204.)/*+04!*6%/I!3#)!.N+C1,.T!!

^$_ Q!"!`!

^6_ ¬^Q!$!`_!

^%_ ¬Q!$!`!!

M6%,.!^$_! %/!&#6.).0*!+04!*6.!/+C.!+/!^Q!"!`_F! ^6_!+04!^%_!+).!0#*! *6.!/+C.I! ^6_! %/! +! 0.$+*%#0F! +04! ^%_! %/! +! &#0K20&*%#0I! B0! ^6_! *6.! 0.$+*%#0!$#:.)0/! *6.! @6#,.! 8#)C2,+F! %0! ^%_! &#0K20&*%#0! $#:.)0/! *6.! @6#,.!8#)C2,+I!O2)!&#0:.0*%#0!+,,#@/!2/!*#!4)#1!*6.!#2*.)!C#/*!1+).0*6././[email protected]! *6.! C+%0! &#00.&*%:.! %/! +! L%0+)=! #1.)+*#)I! M6.0! *6.! C+%0!&#00.&*%:.! %/! +!20+)=!#1.)+*#)F! /2&6! +/!0.$+*%#0F! #0.! &+00#*!4)#1! *6.!#2*.)! 1+).0*6././! 20,.//! *6.! 1+).0*6././! .0&#C1+//! *6.! 0.$+*%#0!#1.)+*#)!/2&6!+/T!!

^K_ !^¬Q!$!`_!!&+0!L.!).1)./.0*.4!L=!#2)!0.@!&#0:.0*%#0!+/!!

^>_ !¬Q!$!`!!!

! EA!

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

/*+*.C.0*! 8#)C! ^.! $! H_F! @6%&6! %/! +! @.,,]8#)C.4! 8#)C2,+! #8! Q"F! %/! *6.!/+C.!&#C1#204!/*+*.C.0*! 8#)C!+/!o!^.H_! %0!Q#,%/6!0#*+*%#0I! B0!Q#,%/6!

0#*+*%#0F! YoJ! %/! *6.! /+C.! 1)#1#/%*%#0+,! &#00.&*%:.! +/! Y$J! #8! Q"I! Q#,%/6!0#*+*%#0! 4%88.).0*%+*./! %*/.,8! 8)#C! Q"! L=! *6.! 8+&*! *6+*! &#00.&*%:./! +04!#1.)+*#)/! &#C.! %0! )%$6*! *#! ,.8*! ).+4%0$! #)4.)! /.72.0*%+,,=! L.8#).! *6.!/*+*.C.0*/!*6.=! K#%0I!O1.)+*#)/!+).!#2*! %0! 8)#0*!#8! *6.!/*+*.C.0*/!*6.=!#1.)+*.!#0F!K2/*!+/!%0!^?GO_!,+0$2+$./!*6.!:.)L!%/!%0!8)#0*!#8!*6.!/2LK.&*!+04!#LK.&*!%*!#1.)+*./!#0I!!!!JXC.. :7(.0(+/$,4"-.%<.L2%M%-4,4%$/'.K%*4"..

!

Y¬JF!Y$JF!Y%JF!Y"JF!Y#J!+).!/=CL#,/!#8!Q"!+04!0#*!#8!90$,%/6I!;&&#)4%0$!*#!*6.!/=0*+&*%&! )2,./! #8! Q"F! @.,,]8#)C.4! 8#)C2,+/! &+0! L.! &#0/*)2&*.4! L=!&#CL%0%0$! *6.! /=CL#,/! +L#:.! @%*6! /*+*.C.0*! ,.**.)/I! M.,,]8#)C.4!8#)C2,+/!#8!Q"!%0&,24.T!!

^^Q!"!`_!$!^-!%!G__!!

^¬-!%!^`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

! EX!

820&*%#0+,! #1.)+*#)! %/! K2/*! ,%>.! +0! +,$.L)+%&! 820&*%#0F! /2&6! +/! ;AI! 56.!820&*%#0!;A! *+>./!02CL.)/!+/! %012*/!+04!=%.,4/!02CL.)/!+/!#2*12*I!Q2*!%0!A!+04!=#2!$.*!PF!12*! %0!X!+04!=#2!$.*!jI!56.! 820&*%#0!;A! %/!4%88.).0*!8)#C! *6.! 820&*%#0! ;X! L.&+2/.! *6.! )+0$.! #8! .+&6! 820&*%#0! %/! 4%88.).0*I!M6.0!=#2!12*!%0!A!*#!;A!=#2!$.*!PF!L2*[email protected]!=#2!12*!A!%0*#!;X!=#2!$.*!k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

56.!*)2*6]*+L,.!4.8%0%*%#0!8#)!Y¬J!%/!*6.!8#,,#@%0$T!!

-& ¬ .-.

:. F.

F. :.

!

56.!4.8%0%*%#0!*.,,/!2/!8#)!+0=!+)L%*)+)=!8#)C2,+!.!@6+*!*6.!:+,2.!#8!¬.!%/I! G%0&.! 0.$+*%#0! %/! +! 20+)=! #1.)+*#)! *6.).! +).! #0,=! *@#! 1#//%L%,%*%./!).1)./.0*.4!204.)!*6.!&#,2C0!8#)!.I!56.!4.8%0%*%#0!/%C1,=!*.,,/!2/!*6+*!

¬.!6+/!*6.!#11#/%*.!:+,2.!#8!.I!56%/!4.8%0%*%#0!*.,,/!2/!*6+*!*6.!/=CL#,!#8!

Q"!Y¬J!%/!/2&6!*6+*!%8!%*!%/!+4K#%0.4!*#!+!8#)C2,+!*6+*!%/!*)2.F!%*!C+>./!*6.!8#)C2,+!8+,/.l!+04!%8!%*!%/!+**+&6.4!*#!+!8#)C2,+!*6+*!%/!8+,/.F!%*!C+>./!*6.!8#)C2,+!*)2.I!!!

56.!*)2*6]*+L,.!4.8%0%*%#0!8#)!Y$J!%/!*6.!8#,,#@%0$T!

! EP!

!

-& 5& -.$ .5.

:. :. ...:.

:. F. ...F.

F. :. ...F.

F. F. ...F.

!56.!4.8%0%*%#0!*.,,/!2/!8#)!+0=!+)L%*)+)=!8#)C2,+/!.!+04!H!@6+*!*6.!:+,2.!

#8! ^.! $! H_! %/I! G%0&.! &#0K20&*%#0! %/! +! L%0+)=! &#00.&*%:.! *6.).! +).! 8#2)!1#//%L%,%*%./!).1)./.0*.4!204.)!*6.!&#,2C0/!8#)!.!+04!HI!56.!4.8%0%*%#0!

*.,,/!2/! *6+*! ^.!$!H_! %/! *)2.!#0,[email protected]!L#*6!&#0K20&*/!+).! *)2.I!56.! Y$J!/=CL#,!#8!Q"!6+/!*6.!820&*%#0!#8!.%*6.)!*+>%0$!*@#!8#)C2,+/!*6+*!+).!*)2.!+04!C+>%0$! +! &#C1#204! 8#)C2,+! *6+*! %/! *)2.F! #)! *+>%0$! *@#! 8#)C2,+/!@6.).!+*!,.+/*!#0.!%/!8+,/.!+04!C+>%0$!+!&#C1#204!8#)C2,+!*6+*!%/!8+,/.I!!!!

56.!*)2*6]*+L,.!4.8%0%*%#0!8#)!Y%J!%/!*6.!8#,,#@%0$T!!

-& 5& -.% .5.

:. :. ....:.

:. F. ....:.

F. :. ....:.

F. F. ....F.

!56.!4.8%0%*%#0!*.,,/!2/!8#)!+0=!+)L%*)+)=!8#)C2,+/!.!+04!H!@6+*!*6.!:+,2.!

#8! ^.! %! H_! %/I! G%0&.! 4%/K20&*%#0! %/! +! L%0+)=! &#00.&*%:.! *6.).! +).! 8#2)!1#//%L%,%*%./!).1)./.0*.4!204.)!*6.!&#,2C0/!8#)!.!+04!HI!56.!4.8%0%*%#0!

*.,,/!2/! *6+*! ^.!%!H_! %/! 8+,/.!#0,[email protected]!L#*6!4%/K20&*/!+).! 8+,/.I!56.! Y%J!/=CL#,! #8! Q"! 6+/! *6.! 820&*%#0! #8! .%*6.)! *+>%0$! *@#! 8#)C2,+/! *6+*! +).!8+,/.! +04! C+>%0$! +! &#C1#204! 8#)C2,+! *6+*! %/! 8+,/.F! #)! *+>%0$! *@#!8#)C2,+/!@6.).! +*! ,.+/*! #0.! %/! *)2.F! +04!C+>%0$! +! &#C1#204! 8#)C2,+!*6+*!%/!*)2.I!!!!!!!!

56.!*)2*6]*+L,.!4.8%0%*%#0!8#)!Y"J!%/!*6.!8#,,#@%0$T!

! ER!

!

-& 5& -." .5.

:. :. ....:.

:. F. ....F.

F. :. ....:.

F. F. ....:.

!56.!4.8%0%*%#0!*.,,/!2/!8#)!+0=!+)L%*)+)=!8#)C2,+/!.!+04!H!@6+*!*6.!:+,2.!

#8!^.!"!H_!%/I!G%0&.!*6.!C+*.)%+,!&#04%*%#0+,!%/!+!L%0+)=!&#00.&*%:.!*6.).!+).! 8#2)! 1#//%L%,%*%./! ).1)./.0*.4! 204.)! *6.! &#,2C0/! 8#)!.! +04!HI! 56.!

4.8%0%*%#0!*.,,/!2/!*6+*!^.!"!H_!%/!8+,/.!K2/*!%0!&+/.!*6.!.4%/!*)2.F!+04!H4%/!

8+,/.I!56.!Y"J!/=CL#,!#8!Q"!6+/!*6.!820&*%#0!#8!C+>%0$!+!*)2.!&#C1#204!8#)C2,+! #2*! #8! +0=! *@#! 8#)C2,+/F! +/! ,#0$! +/! %*! %/! 0#*! *6.! &+/.! *6+*! *6.!8%)/*!8#)C2,+!%/!*)2.!+04!*6.!/.&#04!8#)C2,+!8+,/.I!!!!

56.!*)2*6]*+L,.!4.8%0%*%#0!8#)!Y#J!%/!*6.!8#,,#@%0$T!!!

-& 5& -.# .5.

:. :. ....:.

:. F. ....F.

F. :. ....F.

F. F. ....:.

!56.!4.8%0%*%#0!*.,,/!2/!8#)!+0=!+)L%*)+)=!8#)C2,+/!.!+04!H!@6+*!*6.!:+,2.!

#8!^.!#!H_!%/I!G%0&.!*6.!L%&#04%*%#0+,!%/!+!L%0+)=!&#00.&*%:.!*6.).!+).!8#2)!1#//%L%,%*%./!).1)./.0*.4!204.)!*6.!&#,2C0/!8#)!.!+04!HI!56.!4.8%0%*%#0!

*.,,/!2/!*6+*!^.!#!H_! %/! *)2.! K2/*! %0!&+/.!L#*6!.!+04!H!+).!*)2.!#)!L#*6!.!

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

! EE!

4#! %/! +0! %0*.)./*%0$! +04! 1).//%0$! 16%,#/#16%&+,! 72./*%#0I! M.! @%,,! $.*!C#).!%0*#!*6%/!%0!*6.!/.&*%#0/!#0!*)+0/,+*%#0!*6+*!8#,,#@I!!!M6+*!*6.!/.C+0*%&/!#8!Q"!*.,,/!2/!%/!*6+*!*6.!#1.)+*#)/!+04!&#00.&*%:./!#8! *6.! ,+0$2+$.! 820&*%#0! %0! +! &#CL%0+*#)%+,! )#,.I! d%:.0! *6+*! /#C.!8#)C2,+! #)! /.*! #8! 8#)C2,+/! 6+/! +! &.)*+%0! :+,2.F! #1.)+*#)/! +04!&#00.&*%:./!#8!*6.!,+0$2+$.!$.0.)+*.!+!82)*6.)!:+,2.I!d#%0$!%0!*6.!#*6.)!4%).&*%#0F! $%:.0! +0=! 8#)C2,+! @%*6! +! &#00.&*%:.! #)! #1.)+*#)! %0:#,:.4F!*6.).!@%,,!L.!+!/=/*.C+*%&!@+=!#8!4.&#C1#/%0$!+04!+0+,=\%0$!%*I!!!!!!!!!

!

!

!

!

!

!

!

!

.

.

.

.

.

.

.

.

.

.

! ES!

.

.

57/M,(2.N..

:2/$-'/,4%$.4$,%.L2%M%-4,4%$/'.K%*4"..

NX?. 6$7.02'*%8&4'*9"*,02'*%8&.*3&:2%9"*,02'*%.

!NX?X?.T(*/,4%$!!B8!B!+//.)*!Y%*!%/!0#*!*6.!&+/.!*6+*!3)+0&.!@#0!*6.!ADDE!M#),4!(21FJ!@6+*!B!+//.)*!%/!*6+*!*6.!/*+*.C.0*!Y3)+0&.!@#0!*6.!ADDE!M#),4!(21J!%/!8+,/.I!!!56.!90$,%/6!16)+/./T!!B*!%/!0#*!*6.!&+/.!*6+*qq!B*!%/!0#*!*)2.!*6+*qq!B*!%/!8+,/.!*6+*!qq!!+04!.CL.44.4!0.$+*%#0/F!/2&6!+/!!qI%/!0#*!qq!qI4#./!0#*qI!qq!0#qqII!!+,,! %0:#,:.! *6.! 0.$+*%#0! #1.)+*#)I! 56.! 0.$+*%#0! #1.)+*#)! %/! +! 20+)=!#1.)+*#)I! B*! #1.)+*./! #0! +! /%0$,.! /*+*.C.0*! ^+*#C%&! #)! &#C1#204_! *#!8#)C!+!0.@! /*+*.C.0*I! 56.!1#%0*! #8! *6.!0.$+*%#0!#1.)+*#)! %/! *#! +//.)*!*6.!#11#/%*.!*)2*6!:+,2.!#8!*6.!.CL.44.4!/*+*.C.0*I!90$,%/6!/.0*.0&./!

%0:#,:%0$! 0.$+*%#0! $.*! *)+0/,+*.4! %0*#! Q"! L=! *6.! Y¬J! /=CL#,I! W.).! +).!/#C.!.N+C1,./T!!7(4-,4'*(4(0&4)!,&4(0!(4A*0'4-,4(!++O! A*0'4-,4'*(4"$''-'#O!!!QT!<#60!%/!*+,,I! ! ! ! QT!<#60!%/!)200%0$I!!

¬Q! ! ! ! ! ! ¬Q!4

! Ek!

4

4

4

Q!"548*&,4'*(4*<'4!40*$,&O4 7(4-,4'*(4("$&4(0!(4Q!"54-,4,0*"(I!!!`T!V+)=!#@0/!+!6#2/.I! ! `T!V+)=!%/!/6#)*I!!

¬`! ! ! ! ! ¬`!!B0! +,,! #8! *6.! .N+C1,./! +L#:.F! *6.! /&6.C.! #8! +LL).:%+*%#0! *+>./! *6.!+88%)C+*%:.! /*+*.C.0*F! )+*6.)! *6+0! *6.! @6#,.! /*+*.C.0*! /#! *6+*! *6.!,#$%&+,!/*)2&*2).!#8!*6.!#)%$%0+,!/*+*.C.0*!%/!).:.+,.4I!B0!*)+0/,+*%0$F!@.!+,@+=/!@+0*! *#! ).:.+,! +/!C2&6! ,#$%&+,! /*)2&*2).! +/! 1#//%L,.! $%:.0! *6.!&#0/*)+%0*/! #8! *6.! 8#)C+,! /=/*.C! @.! +).! @#)>%0$! %0I! G%0&.! Q"! 6+/! +!

/=CL#,!8#)!0.$+*%#0F!Y¬JF!@.!#2$6*!*#!*+>.!#2*!+!0.$+*%#0!%8!%*!%/!1)./.0*!

%0!+!/*+*.C.0*F!+04!&#)).&*,=!&+1*2).4!L=!*6.!C.+0%0$!#8!Y¬JI!!3#)!.N+C1,.F!%*!@#2,4!L.!%C1)#1.)!*#!*)+0/,+*.!!!7(4-,4'*(4("$&4(0!(47(!+54-,4!43&((&"4,*))&"4(&!%4(0!'4P&"%!'5O44

!+/!!!QT!B*!%/!0#*!*)2.!*6+*!B*+,=!%/!+!L.**.)!/#&&.)!*.+C!*6+0!d.)C+0=I!!56%/! *)+0/,+*%#0!4#./! 0#*! +46.).! *#! *6.!C+N%C! *6+*!@.! &+0! ).:.+,! *6.!,#$%&+,!/*)2&*2).!#8!*6.!0.$+*%#0!1)./.0*!%0!*6.!/*+*.C.0*I!!!B*!%/!%C1#)*+0*!*#!0#*.!*6+*!0#*!.:.)=!#&&2)).0&.!#8!Y0#*JF!Y0#0JF!Y0#J!%0!+0!

90$,%/6! /.0*.0&.! %/! +! 0.$+*%#0! #8! *6.! >%04! &+1*2).4! L=! Y¬JF! +04! *6+*!:+)%#2/!1).8%N./F!/2&6!+/!Y20]JF!Y%)]YF!Y%0JJF!Y%CJF!+04!Y+]Y!&+0!/%$0+,!0.$+*%#0I!56.!C+)>!#8!+!*)2.!0.$+*%#0!%/!*6+*!*6.).!%/!0#!*6%)4!#)!C%44,.!#1*%#0I!!!3#)!.N+C1,.F!!7(4-,4-%.*,,-3+&4(0!(4R4S4R4T4UO44

!C.+0/!!

! Ej!

7(4-,4'*(4(0&4)!,&4(0!(4-(4-,4.*,,-3+&4(0!(4R4S4R4T4UO4

!!W#@.:.)F!!7(4-,4-%%*"!+4(*4(*"($"&43!3-&,O4

!4#./!0#*!C.+0!!7(4-,4'*(4(0&4)!,&4(0!(4-(4-,4%*"!+4(*4(*"($"&43!3-&,O4

!)+*6.)!!7(4-,4-%%*"!+4(*4(*"($"&43!3-&,O4

!C.+0/!!7(4-,4<"*'#4(*4(*"($"&43!3-&,O4

!G%0&.!/#C.!+&*%#0/!+).!0.%*6.)!C#)+,!0#)!%CC#)+,F!L2*!/%C1,=!+C#)+,!]]6+:%0$! 0#! C#)+,%*=! 1.)*+%0%0$! *#! *6.C]]F! /2&6! +/! *)%11%0$! #0! *6.!/%4.@+,>F!#0.!6+/!*#!L.!&+).82,[email protected]!*)+0/,+*%0$!a%CC#)+,cI!!B0!#)4.)!*#!*./*!@6.*6.)!+!/*+*.C.0*!*6+*!1#*.0*%+,,=! %0:#,:./!0.$+*%#0!+&*2+,,=!%0:#,:./!0.$+*%#0!/%C1,=!+/>!*6.!8#,,#@%0$!72./*%#0T!!B/! *6.).!+!C%44,.!#1*%#0!+:+%,+L,.! 8#)! *6.! *.)C! %0!72./*%#0b! B8! *6.).! %/F!*6.0! *6.!#&&2)).0&.!#8! *6.!1).8%N!1#*.0*%+,,=!.N1).//%0$!0.$+*%#0F!C+=!0#*!.N1).//!*)2.!L%0+)=!0.$+*%#0I!B8!*6.).!%/!0#*F!*6.0!*6.!#&&2)).0&.!#8!1).8%N! 1#*.0*%+,,=! .N1).//%0$! 0.$+*%#0F! 1)#L+L,=! %/! .N1).//%0$! *)2.!L%0+)=!0.$+*%#0I!!!!V#).! %C1#)*+0*,[email protected]! #0.! %/! *)+0/,+*%0$! +! /*+*.C.0*! %0*#! Q"F!@6%&6!1#*.0*%+,,=!%0:#,:./!0.$+*%#0F!#0.!6+/!*#!1+=!+**.0*%#0!*#!*6.!&#0*.N*!%0!@6%&6!%*!#&&2)/!8#)!&,2./!+/!*#!@6+*!%/!).+,,=!L.%0$!/+%4I!!!!!!

! SD!

!!!NX?XC.5%$Z1$",4%$.

.

56.!90$,%/6!@#)4!!!$).

!!&#0K#%0/! *@#!/*+*.C.0*/! *#! 8#)C!+!0.@!/*+*.C.0*I!M6.0!#0.!+//.)*/!+!&#C1#204!/.0*.0&.!K#%0.4!L=!Y+04J!#0.!+88%)C/!L#*6!&#0K20&*/I!!;//.)*%0$T!Q!"54<&'(4(*4,)0**+4!'84A*0'4<&'(4(*4,)0**+O!!%/!+88%)C%0$!L#*6!!Q!"54<&'(4(*4,)0**+O4

!A*0'4<&'(4(*4,)0**+O4

!M6.0! #0.! C+>./! +! &#0K20&*%#0F! *6.%)! %0*.0*%#0! %/! *#! +//.)*! L#*6!&#0K20&*/I! ;/! +! &#0/.72.0&.F! +! &#0K20&*%#0! %/! *)2.! #0,=! @6.0! L#*6!&#0K20&*/!+).!*)2.F!+04!8+,/.!K2/*!%0!&+/.!+*!,.+/*!#0.!&#0K20&*!%/!8+,/.I!!!B0!90$,%/6F!%8!#0.!+//.)*/!!Q!"54<&'(4(*4,)0**+4!'84A*0'4,(!5&840*%&O4

!B8! %*! %/! *)2.! *6+*!V+)[email protected]*! *#! /&6##,F!L2*! 8+,/.! *6+*! <#60!/*+=.4!6#C.F!*6.0!%*!%/!8+,/.!*6+*!4

Q!"54<&'(4(*4,)0**+4!'84A*0'4,(!5&840*%&O44

4

(#0K20&*%#0/!+).!*)+0/,+*.4!%0*#!Q"!@%*6!*6.!/=CL#,!Y$J!L.*@..0!*6.!*@#!8#)C2,+/!.%*6.)!+*#C%&!#)!&#C1#204I!!!!;!&#0K20&*%#0!K#%0/!+*#C%&!#)!&#C1#204!/*+*.C.0*/!*#$.*6.)!*#!8#)C!+!0.@!/*+*.C.0*I!56.!0.@!/*+*.C.0*!+88%)C/!L#*6!&#0K20&*/I!!!!

! S[!

!!!;+.*%#.02'*%!!A*0'4<&'(4(*4,)0**+4!'84Q!"54<&'(4(*4,)0**+O4

!QT!<#[email protected]*!*#!/&6##,I! ! `T!V+)[email protected]*!*#!/&6##,I!!

^Q!$!`_!!A*0'4-,4(!++F4Q!"54-,4(!++F4!'84V-++4-,4(!++O4

!QT!<#60!%/!*+,,I! `T!V+)=!%/!*+,,I! -T!U%,,!%/!*+,,I!!

^Q!$!`_!$!-_!!V*(04A*0'4!'84Q!"54.!,,&84(0&4(&,(O4

!QT!<#60!1+//.4!*6.!*./*I! ! `T!V+)=!1+//.4!*6.!*./*I!!

^Q!$!`_!!A*0'4!'84Q!"543*(04/!-+&84(0&4(&,(O4

!QT!<#60!8+%,.4!*6.!*./*I! ! `T!V+)=!8+%,.4!*6.!*./*I!!

^Q!$!`_!!W#@.:.)F! Y+04JF! YL#*6qII+04qIJF! +04! *6.%)! :+)%+0*/! +).! 0#*! *6.! #0,=!4.:%&./!#8!*6.!90$,%/6!,+0$2+$.!*6+*!+).!&#0K20&*%#0/I!B0!+44%*%#0F!/#C.!%0/*+0&./! #8! Y+04JF! YL#*6qII+04qIJF! +04! *6.%)! :+)%+0*/! +).! 0#*! /%C1,=!&#0K20&*%#0/I! W.).! +).! /#C.! &#CC#0! 16)+/./! *6+*! #8*.0! .N1).//!&#0K20&*%#0I!!U2*! ! ! u.*! ! ! V#).#:.)! ! M6.).+/!;,*6#2$6! ! m.:.)*6.,.//! W#@.:.)! ! !!

! SA!

56./.! .N1).//%#0/! &+0! L.! 2/.4! *#! K#%0! *@#! /*+*.C.0*/! *#$.*6.)! L=!+88%)C%0$! L#*6! /*+*.C.0*/F! *6.! 4%88.).0&.! L.*@..0! .+&6! #8! *6.CF! +04!Y+04J!%/!*6.!/6+4%0$!#8!*6.!/*+*.C.0*/!+88%)C.4I!!D!;&,4!"&4#*-'#4$.F43$(40*$,-'#4."-)&,4!"&4/!++-'#O4

!+88%)C/!*6+*!L#*6!!D!;&,4!"&4#*-'#4$.O4

!G*$,-'#4."-)&,4!"&4/!++-'#O4

!K2/*!+/!!D!;&,4!"&4#*-'#4$.F4!'840*$,-'#4."-)&,4!"&4/!++-'#O4

!56.!4%88.).0&.!%/!*6+*!YL2*J!%/!+!4%/&#20*%0$!16)+/.F!@6%,.!%0!*6.!&#0*.N*!+L#:.!Y+04J!%/!0.2*)+,!%0!/6+4%0$F!%*!4#./!0#*!%C1,=!+!4%88.).0&.!%0!6#@!+!1).8.).0&.!8#)!.%*6.)!/*+*.C.0*I!56.!@#)4!YL2*JF!L=!&#0*)+/*F!/%$0+,/!*6+*!*6.! +2*6#)! +88%)C/! *6.! 8%)/*! &#0K20&*! #8! *6.! &#C1#204! /*+*.C.0*F! +04!4%/&#20*/!%*!%0!8+:#)!#8!*6.!*)2*6!#8!*6.!/.&#04!&#0K20&*I!!!(#0/%4.)!*6.!/.0*.0&.!%0!+!,+)$.)!&#0*.N*I!!W**6X47(4-,4("$&4(0!(4(!;&,4!"&4#*-'#4$.F43$(40*$,-'#4."-)&,4!"&4/!++-'#O4B*F4

(0-'#,4!"&4'*(4(0!(43!8O44

4

56.! +2*6#)! $)+0*/! *6+*! *+N./! +).! $#%0$! 21F! +04! +//.)*/! *6+*! *6%0$/! +).!0#*!+/!L+4!+/!*6.=!@#2,4!L.!%8!6#2/%0$!1)%&./!@.).!$#%0$!21!#)!/*+=%0$!*6.!/+C.I!!!<2/*! +/! %0! *6.! &+/.! #8! 0.$+*%#0! #0.! C2/*! 1+=! +**.0*%#0! *#! &#0*.N*! %0!*)+0/,+*%0$!&#0K20&*%#0/I!56.).!+).!:+)%#2/!%0/*+0&./!%0!@6%&6!C#).!#)!,.//! %/! L.%0$! +88%)C.4! L=! *6.! 2/.! #8! Y+04J! *6+0! *6.! +88%)C+*%#0! #8! *@#!%04.1.04.0*! /*+*.C.0*/I! B0! &+/./! ,%>.! *6./.! #0.! /6#2,4! 0#*.! *6+*!

*)+0/,+*%0$! *6.! /*+*.C.0*! %0*#!Q"!L=! *6.!2/.!#8! Y$J!@%,,! &).+*.!+! ,#//!#8!C.+0%0$I!!W.).!+).!/#C.!&#CC#0!&+/./T!

! SX!

!!!!D&%.*"!+4/+*<!Z!!G#C.*%C./!2/./!#8!Y+04J!L.*@..0!*@#!/.0*.0&./!#)!L.*@..0!*@#!1+)*/!#8!/1..&6! /%$0+,/! +! *.C1#)+,! 8,#@! #8! .:.0*/! %0! +44%*%#0! *#! +88%)C+*%#0! #8!L#*6!&#0K20&*/I!!>;&+4Y*,&Z,42*-)&4<&'(4*$(F4!'84(0&4)"*<84(0"&<4/**84!(4(0&4,(!#&O4

!4#./!0#*!K2/*!+88%)C!*6+*!!>;&+4Y*,&Z,42*-)&4<&'(4*$(O4

!D0&4)"*<84(0"&<4/**84!(4(0&4,(!#&O4

!B*!+,/#!+88%)C/!*6.!/*+*.C.0*/!%0!+!*.C1#)+,!/.72.0&.!@6.).!;N.,!-#/.J/!:#%&[email protected]*!#2*F!!'84(0&'!*6.!&)#@4!*6)#2$6!8##4!+*!6%CI!!!B8! #0.! *6%0>/! *6+*!+!1+)*%&2,+)! %0/*+0&.!#8! Y+04J! %0:#,:./! *.C1#)+,! 8,#@!#0.!&+0!*./*!8#)!%*!L=!/@%*&6%0$!*6.!#)4.)!#8!*6.!/.0*.0&.I!!3#)!.N+C1,.!4

D0&4)"*<84(0"&<4/**84!(4(0&4,(!#&F4!'84>;&+4Y*,&Z,42*-)&4<&'(4*$(O4

!;,*6#2$6! *6%/! &#2,4! 6+:.! L..0! *)2.F! %*! 4#./! 0#*! &#0:.=! *6.! /+C.!%08#)C+*%#0!*6+*!*6.!8#)C.)!/.0*.0&.!4#./I!!Y+04J!+,/#!&+0!&+2/.!1)#L,.C/[email protected]!%*!%/!2/.4!L.*@..0!1+)*/!#8!/1..&6I!!<#600=!4%/&#:.).4!*6.!&2).!8#)!&+0&.)!+04!L.&+C.!8+C#2/I!!n#./! 0#*! K2/*! +88%)C! *6+*! Y<#600=! 4%/&#:.).4! *6.! &2).! 8#)! &+0&.)J! +04!<#600=! L.&+C.! 8+C#2/JI! B8! *6.! /.0*.0&.! @.).! ).@)%**.0! +/! Y<#600=!L.&+C.! 8+C#2/! +04! 4%/&#:.).4! *6.! &2).! 8#)! &+0&.)J! %*! @#2,4! 8+%,! *#!

! SP!

/%$0+,!*6+*!*6.!).+/#0!<#600=!L.&+C.!8+C#2/!%/!L.&+2/.!6.!4%/&#:.).4!*6.!&2).!8#)!&+0&.)I!!!!!9*++&)(-2&4B$3[&)(!Z!!G#C.! 2/./! #8! Y+04J! /%$0+,! *6+*! +! &#,,.&*%:.! /2LK.&*! .N%/*/F! +04! *6+*! +0!+&*%#0!%/!L.%0$!1.)8#)C.4!&#,,.&*%:.,=I!!A!'&4!'84V-++48!')&84(0&4'-#0(4!<!5O4

!n#./!0#*!K2/*!C.+0!!A!'&48!')&84(0&4'-#0(4!<!5F4!'84V-++48!')&84(0&4'-#0(4!<!5O4

!B*!%/!*)2.!*6+*!*6.!/.0*.0&.!4#./!C.+0!*6+*!L#*6!<+0.!+04!U%,,!4+0&.4!*6.!0%$6*!+@+=I!W#@.:.)F!%*!+,/#!&#0:.=/!*6.!82)*6.)!%08#)C+*%#0!*6+*!!!A!'&4!'84V-++48!')&84(0&4'-#0(4!<!54(*#&(0&"O4

!(#,,.&*%:.!/2LK.&*!+,/#!#&&2)/!%0!*6.!8#,,#@%0$T!!<20.F!<2,=F!+04!;2$2/*!C+>.!21!*6.!/2CC.)!).&.//I!!!U%,,!+04!5#C!12/6.4!*6.!&+)I!!3)+0&.F! 90$,+04F! +04! ;C.)%&+! &#072.).4! <+1+0! +04! d.)C+0=! 42)%0$!MMBBI!!>88-(-2&4)*%.!"-,*'!!G#C.! *%C./! Y+04J! %/! 2/.4! *#! &#0K#%0! *@#! *6%0$/! *6+*! +).! *6.0! L.%0$!&#C1+).4!*#!+!/%0$,.!*6%0$I!!@&<4\*"649-(54-,43-##&"4(0!'4V*,(*'4!'84:0-+!8&+.0-!O4

!56.!2/.!#8!Y+04J!&#2,4!L.!+!&#0K20&*%#0!%8!@6+*!%/!C.+0*!%/!*6+*!!

! SR!

@&<4\*"649-(54-,43-##&"4(0!'4V*,(*'O4

!+04!!@&<4\*"649-(54-,43-##&"4(0!'4:0-+!8&+.0-!O4

!W#@.:.)F!#0.!&#2,4!+,/#!C.+0!*6.!8#,,#@%0$!!@&<4\*"649-(54-,43-##&"4(0!'4V*,(*'4!'84:0-+!8&+.0-!4.$(4(*#&(0&"O44

!B0! *6%/!&+/.! Y+04J! %/!2/.4!0#*! *#!&#0K#%0! *@#!/*+*.C.0*/F!L2*! *#!&#0K#%0!*@#!*6%0$/!%0!+0!+44%*%:.!C+00.)I!!!56%/!&+0!#&&2)!+,/#!%0!!V-++4-,4,0*"(&"4(0!'4Q!"54!'84A!'&O44

!L2*!$.0.)+,,=!0#*!%0!!V-++4-,4,0*"(&"4(0!'43*(04Q!"54!'84A!'&O4

4

B0!*6.!/.&#04!&+/.!*6.!+44%*%:.!%/!.,%C%0+*.4!L=!*6.!1)./.0&.!#8!YL#*6JI!!!YU#*6J!/%$0+,/!*6+*!!!V-++4-,4,0*"(&"4(0!'4Q!"54!'84V-++4-,4,0*"(&"4(0!'4A!'&O444

!B0! C#/*! &+/./! %*! %/! 0#*! 6+)4! *#! *.,,! @6.*6.)! Y+04J! %/! L.%0$! 2/.4!&#0K20&*%:.,=!#)!0#0]&#0K20&*%:.,=I!56.!>.=!%/!*#!,##>!8#)!/%$0+,/!1)./.0*!%0!*6.!*.N*!#)!2**.)+0&.F!+04!+11,=!*./*/!*6+*!6.,1!4.*.)C%0.!@6.*6.)!+!2/.! #8! Y+04J! %/! &#0K20&*%:.I! O8*.0! %*! %/! 2/.82,! *#! +**.C1*! *#! /@%*&6! *6.!4%).&*%#0! #)! +44! %0! YL#*6J! %0! #)4.)! *#! 6.,1! 6.+)! %8! *6.! /*+*.C.0*! %/!&#0K20&*%:.I!!!!!!!!

! SE!

!!!!!NX?XE.D4-Z1$",4%$!!56.!90$,%/6!@#)4!![2.

!&#00.&*/!*@#!/*+*.C.0*/!*#$.*6.)!+/!+!4%/K20&*%#0I!!B8!B!+//.)*!*6+*!!C-(0&"4V-++4<-++4"$'4/*"4(0&4&+&)(-*'4*"4A*0'4<-++4"$'4/*"4(0&4&+&)(-*'O4

!B!+//.)*!*6+*!.%*6.)!*6.!.%*6.)!*6.!8%)/*!4%/K20&*!%/!*)2.!!V-++4<-++4"$'4/*"4(0&4&+&)(-*'O4

!#)!*6.!/.&#04!4%/K20&*!%/!*)2.!!A*0'4<-++4"$'4/*"4(0&4&+&)(-*'O4

!;!4%/K20&*%#0!%/!*)2.!K2/*!+/!,#0$!+/!#0.!#8!*6.!4%/K20&*/!%/!*)2.F!+04!8+,/[email protected]!L#*6!#8!*6.!4%/K20&*/!+).!8+,/.I!!!!

n%/K20&*%#0/!+).!*)+0/,+*.4!%0*#!Q"!L=!*6.!2/.!#8!Y%JI!!!;+.*%#.02'*%.

!A$2&'($,4.+!5&",4<-++4#*4 (*4*(0&"4'!(-*',4*"4 A$2&'($,4.+!5&",4<-++4 ,(!54 -'4

7(!+5O4

!QT!<2:.0*2/!1,+=.)/!@%,,!$#!*#!#*6.)!0+*%#0/l!`T!<2:.0*2/!1,+=.)/!@%,,!/*+=!%0!B*+,=I!!

^Q!%!`_!

! SS!

4

4

4

4

4

C-(0&"4W-++-!'4D0$"!%4<-++4.+!54/*"490&+,&!4*"4E94V!")&+*'!O4

!QT!"%,,%+0!562)+C!@%,,!1,+=!8#)!(6.,/.+l!`T!"%,,%+0!562)+C!@%,,!1,+=!8#)!3(!U+)&.,#0+I!!

^Q!%!`_!!n%/K20&*%#0/!+,/#!8+,,!%0*#!*@#!*=1./T!4$"'1-4H(!+04!(U"'1-4H(I!!B0!+0! %0&,2/%:.!4%/K20&*%#0!#0.! %0*.04/!*6+*!L#*6!4%/K20&*/!&+0!L.!*)2.I!B0! +0! .N&,2/%:.! 4%/K20&*%#0! #0.! %0*.04/! *6+*! #0,=! #0.! 4%/K20&*! &+0! L.!*)2.I!B0!L#*6!&+/./!6#@.:.)F!*6.!4%/K20&*%#0!%/!8+,/.!%8!L#*6!4%/K20&*/!+).!8+,/.I!!!G211#/.F!+/!4%4!6+11.0F!B*+,=!1,+=/!3)+0&.!%0!*6.!ADDE!M#),4!(21F!+04!/#C.#0.!/+=/F!!C-(0&"4E"!')&4<-++4<-'4(0&4]*"+849$.4*"47(!+54<-++4<-'4(0&4]*"+849$.O4

!56.!/.0/.!#8!4%/K20&*%#0!*6+*!%/!L.%0$!.C1,#=.4!6.).!%/!.N&,2/%:.I!B0!+!0#!4)+@!8%0+,!C+*&6!%*!%/!%C1#//%L,.!8#)!L#*6!*.+C/!*#!@%0F!/#!+*!,.+/*!#0.!#8!*6.!4%/K20&*/!%/!*)2.F!L2*!+,/#!+*!C#/*!#0.!%/!*)2.I!!!(#0*)+/*!*6.!/.0*.0&.!+L#:.!@%*6!*6.!8#,,#@%0$I!!!G211#/.!3)+0&.!%/!1,+=%0$!Q#)*2$+,!%0!*6.!/.C%8%0+,/F!+04!B*+,=!%/!1,+=%0$!d.)C+0=!%0!*6.!/.C%8%0+,/F!+04!/#C.#0.!/+=/F!!C-(0&"4E"!')&4<-++4#*4(*4(0&4]*"+849$.4*"47(!+54<-++4#*4(*4(0&4]*"+849$.O44

!56.!/.0/.!#8!4%/K20&*%#0!*6+*!%/!.C1,#=.4!6.).!%/!%0&,2/%:.I!B*!%/!1#//%L,.!*6+*!3)+0&.!L.+*/!Q#)*2$+,F!+04! B*+,=!L.+*/!d.)C+0=F!+04!L#*6!C..*! %0!*6.!M#),4!(21I!M6+*!%/!%0*.04.4!%/!*6+*!+*!,.+/*!#0.!#8!*6.!&#0K20&*/!%/!*)2.F!L2*!%*!%/!0#*!%0*.04.4!*6+*!+*!C#/*!#0.!&#0K20&*!%/!*)2.I!

! Sk!

!56.!8#,,#@%0$!%/!+0#*6.)!&+/.!#8!.N&,2/%:.!4%/K20&*%#0T!!?-''&"4)*%&,4<-(04&-(0&"4,*$.4*"4,!+!8O4

!O0.!&+00#*F!/%C1,=!L=!#)4.)%0$!4%00.)F!6+:.!L#*6!/#21!+04!/+,+4I!!n.*.)C%0%0$!@6.*6.)!+0!#&&2)).0&.!#8! Y#)J!#)! Y.%*6.)q#)qJ! %/! %0&,2/%:.!#)!.N&,2/%:.!).72%)./! %0:./*%$+*%0$!*6.!&#0*.N*!#8! *6.!*.N*!#)!2**.)+0&.F!+04!+11,=%0$!&.)*+%0!*./*/I!!O0.!>%04!#8!*./*!%/!*6.!&-(0&"1*"13$(1'*(13*(0!*./*!!G#C.*%C./! *6%0>%0$! +L#2*! *6.! *@#! /*+*.C.0*/! *6+*! C+>.! 21! *6.!4%/K20&*%#0! %0!L=! 8%,,%0$! %0! *6.!L,+0>/! %0! Y.%*6.)qI#)qIL2*!0#*!L#*6J!#0.!&+0!4.*.)C%0.!@6.*6.)!*6.!#)%$%0+,!Y#)J!%/!.N&,2/%:.I!H/2+,,=F!#0.!6+/!*#!.C1,#=!+44%*%#0+,!L+&>$)#204!%08#)C+*%#0!8#)!6.,1I!B8!#0.!&+0!&6+0$.!+!12).! Y.%*6.)q#)qJ! /*+*.C.0*! %0*#! +0! Y.%*6.)qI#)qL2*! 0#*! L#*6J!/*+*.C.0*!@%*6#2*!+44%0$!C.+0%0$F! *6.0! *6.! /*+*.C.0*! %/! +0!.N&,2/%:.!#)I!B8!#0.!&+00#*!&6+0$.!%*!@%*6#2*!+44%0$!+0!20%0*.04.4!C.+0%0$F!*6.0!*6.!/*+*.C.0*!%/!+0!%0&,2/%:.!*"I!!;,*6#2$6! *6.).! %/! +! 4%88.).0&.! L.*@..0! .N&,2/%:.! +04! %0&,2/%:.!

4%/K20&*%#0F!%0!Q"!Y%J!%/!4.8%0.4!*#!C+*&6!%0&,2/%:.!4%/K20&*%#0I!9N&,2/%:.!4%/K20&*%#0!&+0!L.!4.8%0.4!+/!+!/1.&%+,!&+/.I!!!9:.0! *6#2$6! Y#)J! +04! Y.%*6.)qI#)J! +).! *6.! C+%0! 90$,%/6! 16)+/./! 8#)!4%/K20&*%#0! *6.).! +).! #*6.)! 16)+/./! *6+*! +).! L./*! *)+0/,+*.4! +/! +!4%/K20&*%#0I!!!Q.)6+1/!*6.!C#/*!%0*.)./*%0$!#0.!%0!*6%/!&+*.$#)=!%/!Y20,.//JI!!A*0'4<-++4#*4(*4,)0**+4$'+&,,4(0&43$,43"&!6,48*<'O4

!QT!<#60!@%,,!$#!*#!/&6##,l!`T!56.!L2/!L).+>/!4#@0I!!

^Q!%!`_!!56.!@#)4!Y20,.//J!820&*%#0/!%0!90$,%/6!+/!+!4%/K20&*%#0!%0!C2&6!*6.!/+C.!@+=! *6+*! YL2*J! 820&*%#0/! +/! +! &#0K20&*%#0I! YL2*J! %/! K2/*! ,%>.! Y+04J! .N&.1*!

! Sj!

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

!QT!W#2/%0$!1)%&./!$#!4#@0l!`T!Q.#1,.!@%,,!L.!6#C.,.//I!!

^Q!%!`_!!B0! *6%/! &+/.! Y20,.//J! 4#./! 0#*! /%$0+,! .N&.1*%#0F! %*! /%$0+,/! &+2/+*%#0I!W#2/%0$!1)%&./!/*+=%0$!*6.!/+C.!@%,,!&+2/.!1.#1,.!*#!L.!6#C.,.//I!!!;,*6#2$6!*6.).!+).!C2,*%1,.!/.0/.!%0!@6%&6!20,.//!820&*%#0/!%0!90$,%/6F!

C+0=!&+0!L.!+&&2)+*.,=!*)+0/,+*.4!%0*#!Q"!L=!*6.!2/.!#8!Y%JI!!!NX?XI.5%++1,/,4H4,B. /$)! /--%"4/,4H4,B. %<. "%$Z1$",4%$. /$).

)4-Z1$",4%$.

.

U#*6! Y+04J! +04! Y#)J! 6+:.! *6.! 1)#1.)*=! #8! L.%0$! &#CC2*+*%:.! +04!+//#&%+*%:.! @6.0! %*.)+*.4! @%*6#2*! #*6.)! L%0+)=! #1.)+*#)/F! /2&6! +/!C+*.)%+,!&#04%*%#0+,I!!A*0'4<&'(4(*4,)0**+4!'84Q!"54<&'(4(*4,)0**+O4

!C.+0/!*6.!/+C.!+/!!Q!"54<&'(4(*4,)0**+4!'84A*0'4<&'(4(*4,)0**+O4

!G#F!2/%0$!*6.!/&6.C.!#8!+LL).:%+*%#0!!!QT!<#[email protected]*!*#!/&6##,l!`T!V+)[email protected]*!*#!/&6##,I!!

^Q!$!`_!C.+0/!*6.!/+C.!+/!^`!$!Q_I!!

! kD!

"%>.@%/.F!!!!!A*0'4<&'(4(*4,)0**+4*"4Q!"54<&'(4(*4,)0**+O4

!$.*/!*)+0/,+*.4!204.)!*6.!/+C.!/&6.C.!#8!+LL).:%+*%#0!+/!!

^Q!%!`_F!@6%&6!C.+0/!*6.!/+C.!+/!^`!%!Q_I!!

56.!L%0+)=!&#00.&*%:./!Y$J!+04!Y%J!+).!&#CC2*+*%:.F!K2/*!+/!Y+04J!+04!Y#)J!+).!&#CC2*+*%:.I!!;!$##4!.N+C1,.!#8!&#CC2*+*%#0!%/!+44%*%#0I!!A!r!X!{!R!%/!*6.!/+C.!+/!X!r!A!{!RI!!G2L*)+&*%#0!%/!0#*!&#CC2*+*%:.I!!X!]!A!{![F!L2*!A!Z!X!{!][!!Y+04J! +04! Y#)J! +).! +,/#! +//#&%+*%:.I! ;! $##4! .N+C1,.! #8! +//#&%+*%:%*=! %/!C2,*%1,%&+*%#0I!!A!|!^X!|!R_!{!XDl!+04!^A!|!X_!|!R!{!XDI!!M6.0! *6.).! %/! 0#! #*6.)! #1.)+*#)F! /2&6! +/! +44%*%#0! #)! /2L*)+&*%#0F!1)./.0*!#)4.)!#8!C2,*%1,%&+*%#0!4#./!0#*!C+**.)I!!!"%>.@%/[email protected]!*6.).! %/!0#!#*6.)!L%0+)=!&#00.&*%:.!1)./.0*!#*6.)!*6+0!4%/K20&*%#0! #)! &#0K20&*%#0! +,#0.F! #)4.)! #8! 4%/K20&*%#0! +04! &#0K20&*%#0!4#./!0#*!C+**.)I!!3#)!.N+C1,.T!!

^Q!$!`_!$!-_!!C.+0/!*6.!/+C.!+/!

! k[!

!

^Q!$!^`!$!-_!!!!+04!!

^Q!%!`_!%!-_!C.+0/!*6.!/+C.!+/!^Q!%!^`!%!-_!!NX?XJ.82%1M4$*=.+4U().%M(2/,%2-./$)."%$$(",4H(-X.

.

O8*.0! 4%/K20&*%#0F! &#0K20&*%#0F! +04! 0.$+*%#0! #&&2)! *#$.*6.)! %0!&#C1#204!&#0/*)2&*%#0/!/2&6!+/T!!7(4 -,4 '*(4 (0&4 )!,&4 (0!(4 3*(04 7(!+54 +*,&,4 (*4 (0&4 ^B4 !'84 B<-(M&"+!'84 3&!(,4

E"!')&O44

!@&-(0&"4:*"($#!+4'*"4B.!-'4<-++43&!(4E"!')&O4

!7(4 -,4 '*(4 (0&4 )!,&4 (0!(4 3*(04 P&"%!'54 !'84>"#&'(-'!4<-++4 !82!')&4 (*4 (0&4

,&%-/-'!+,4*"4(0!(4:*"($#!+4<-++43&!(4E"!')&O4

4

@&-(0&"4 E"!')&4 '*"4 P&"%!'54<-++4 !82!')&4 (*4 (0&4 ,&%-/-'!+,4 $'+&,,4 7(!+54

!'84P0!'!43&!(4(0&4^B4-'4#"*$.4.+!5O4

4

B0! &+/./! ,%>.! *6./.F! %*! %/! :.)=! %C1#)*+0*! 6#@! /*+*.C.0*/! +).! $)#21.4!2/%0$!1+).0*6././F!+04!@6.).!0.$+*%#0!%/!1,+&.4!).,+*%:.!*#!&#0K20&*%#0!+04!4%/K20&*%#0I!!;+.*%#.02'*%!!7(4 -,4 '*(4 (0&4 )!,&4 (0!(4 3*(04 7(!+54 +*,&,4 (*4 (0&4 ^B4 !'84 B<-(M&"+!'84 3&!(,4

E"!')&O44

!QT!B*+,=!,#/./!*#!*6.!HGl!`T!G@%*\.),+04!L.+*/!3)+0&.I!56.!/*+*.C.0*!%/!+!

0.$+*%#0! #8! +! &#0K20&*%#0F! ¬^Q! $! `_I! O0.! /6#2,4! 0#*! &#082/.! *6.!

0.$+*%#0!#8!+!&#0K20&*%#0!@%*6!+!&#0K20&*%#0!#8!0.$+*%#0/I!^¬Q!$!¬`_!%/!0#*!+!&#)).&*!*)+0/,+*%#0!#8!*6.!/*+*.C.0*!L.&+2/.!%*!/+=/F!a%*! %/!0#*!*6.!&+/.!*6+*!B*+,=!@%,,!,#/.!*#!*6.!HG!+04!%*!%/!0#*!*6.!&+/.!*6+*!G@%*\.),+04!

! kA!

L.+*/!3)+0&.Fc!@6%&6!%/!+!&#0K20&*%#0!#8!*@#!0.$+*.4!/*+*.C.0*/I!Q!+04!`! /6#2,4! L.! $)#21.4! *#$.*6.)! +04! *6.! 0.$+*%#0! +11,%.4! *#! *6.!&#C1#204!/*+*.C.0*I!!4

@&-(0&"4:*"($#!+4'*"4B.!-'4<-++43&!(4E"!')&O!!QT!Q#)*2$+,!@%,,!L.+*!3)+0&.l!GT!G1+%0!@%,,!L.+*!3)+0&.I!

56.!/*+*.C.0*! %/!+!0.$+*%#0!#8!+!4%/K20&*%#0F!¬^Q!%! G_I!O0.!/6#2,4!0#*!&#082/.! *6.! 0.$+*%#0! #8! +! 4%/K20&*%#0! @%*6! +! 4%/K20&*%#0! #8! 0.$+*%#0/I!

^¬Q!%!¬`_!%/!0#*!*6.!&#)).&*!*)+0/,+*%#0!#8!*6.!/*+*.C.0*!L.&+2/.!%*!/+=/F!a.%*6.)! %*! %/!0#*! *6.! &+/.! *6+*!Q#)*2$+,!@%,,! L.+*!3)+0&.!#)! %*! %/!0#*! *6.!&+/.!*6+*!G1+%0!@%,,!L.+*!3)+0&.Fc!@6%&6!%/!+!4%/K20&*%#0!#8!*@#!0.$+*.4!/*+*.C.0*/I!Q!+04!`!/6#2,4!L.!$)#21.4!*#$.*6.)!@%*6!+!4%/K20&*%#0F!+04!*6.!0.$+*%#0!+11,%.4!*#!*6.!&#C1#204!/*+*.C.0*I!!!!!7(4 -,4 '*(4 (0&4 )!,&4 (0!(4 3*(04 P&"%!'54 !'84>"#&'(-'!4<-++4 !82!')&4 (*4 (0&4

,&%-/-'!+4*"4(0!(4:*"($#!+4<-++43&!(4E"!')&O!!QT!d.)C+0=!@%,,!+4:+0&.!*#!*6.!/.C%8%0+,l!`T!;)$.0*%0+!@%,,!+4:+0&.!*#!*6.! /.C%8%0+,l! -T! Q#)*2$+,! @%,,! L.+*! 3)+0&.I! 56.! /*+*.C.0*! %/! +!4%/K20&*%#0F! @6%&6! 6+/! #0.! &#0K20&*%#0! *6+*! %/! 0.$+*.4! +/! +! 4%/K20&*F!!!!

¬^Q!$!`_!%!-_!!@&-(0&"4 E"!')&4 '*"4 P&"%!'54<-++4 !82!')&4 (*4 (0&4 ,&%-/-'!+,4 $'+&,,4 7(!+54

!'84P0!'!43&!(4(0&4^B4-'4#"*$.4.+!5O4

!QT!3)+0&.!@%,,!+4:+0&.!*#!*6.!/.C%8%0+,/l!`T!d.)C+0=!@%,,!+4:+0&.!*#!*6.!/.C%8%0+,/l!-T!B*+,=!L.+*/!*6.!HG!%0!$)#21!1,+=l!GT!d6+0+!L.+*/!*6.!HG!%0!$)#21!1,+=I!56.!/*+*.C.0*!%/!+!4%/K20&*%#0!*6+*!6+/!+!0.$+*.4!4%/K20&*%#0!+/! #0.! 4%/K20&*F! +04! +! &#0K20&*%#0! 8#)! *6.! #*6.)! 4%/K20&*I!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

¬^Q!%!`_!%!^-!$!G_!!B0! $.0.)+,F! *)+0/,+*%0$! &#C1#204! /*+*.C.0*/! %0:#,:%0$! 0.$+*%#0! +04!4%/K20&*%#0F!0.$+*%#0!+04!&#0K20&*%#0F!#)!0.$+*%#0!+04!L#*6!&#0K20&*%#0!+04!4%/K20&*%#0!).72%)./!1+=%0$!+**.0*%#0!*#!@6.).!*6.!0.$+*%#0!%/!L.%0$!+11,%.4I! W.).! +).! /#C.! $.0.)+,! &#0/*)2&*%#0/F! +04! *6.%)! &#CC#0!*)+0/,+*%#0/T!!

! kX!

G$*'4-7.L72/-(. K%*4"/'.:2/$-'/,4%$.

m#*!L#*6!qq!+04!qq! ¬^.!$!H_!

m.%*6.)!qq0#)qq! ¬^.!%!H_!

U#*6!0#*!qq!+04!qq! ^¬.!$!¬H_!

NXC. <.0$+2.#&4'*3202'*.#%&.*3&=2,'*3202'*.#%.

!NXCX?.3/,(24/'.5%$)4,4%$/'-.

.

V+*.)%+,! (#04%*%#0+,/! +).!C#/*! &#CC#0,=! .N1).//.4! %0!90$,%/6!L=! *6.!2/.!#8T!!B8qqF!*6.0qqI!!W#@.:.)F!*6.).!+).!*6)..!&.0*)+,!:+)%+*%#0/!#0!*6%/!&#0/*)2&*%#0!!qqIIF%8qq!!O0,=!%8qqqIFqqII!!qqq#0,=!%8qqII!!V+*.)%+,! &#04%*%#0+,/! +).! &#0/*%*2*.4! #2*! #8! *@#! 1+)*/T! *6.! !'(&)&8&'(!+04!*6.!)*',&H$&'(I!56.!+0*.&.4.0*!#8!+!&#04%*%#0+,! %/!*6.! -/qq!1+)*!#8!*6.!&#0/*)2&*%#0I!56.!&#0/.72.0*!#8!+! &#04%*%#0+,! %/! *6.! (0&'LO!1+)*!#8!*6.!&#04%*%#0+,I!!B8!qqqqIIF!*6.0qqqqI!!;0*.&.4.0*!! ! (#0/.72.0*!!56.! +0*.&.4.0*! #8! +! C+*.)%+,! &#04%*%#0+,! .N1).//./! +! /288%&%.0*!&#04%*%#0I! 56.! &#0/.72.0*! #8! +! &#04%*%#0+,! .N1).//./! +! 0.&.//+)=!&#04%*%#0I!56.!4%/*%0&*%#0!L.*@..0!*6.!*@#!&+0!L.!/6#@0!:%+!.N+C1,./T!!^+_!d.**%0$!+0!;!#0!*6.!8%0+,!.N+C!%/!+!0.&.//+)=!&#04%*%#0!8#)!$.**%0$!+0!;!%0!*6.!&,+//I!!!^L_!d.**%0$!+!U!#0!+,,!#8!*6.!.N+C/!%/!+!/288%&%.0*!&#04%*%#0!8#)!$.**%0$!+!U!%0!*6.!&,+//I!

! kP!

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mI!!

G288%&.0*!&!m.&.//+)=F!@6.).!*6.!Y&J!/*+04/!8#)!Y%8qII*6.0qIIJ!

V+*.)%+,! &#04%*%#0+,/! +).! *)+0/,+*.4! %0*#! Q"! L=! *6.! 2/.! #8! *6.! Y"JI! ;!C+*.)%+,! &#04%*%#0+,! %/! 8+,/.! #0,[email protected]! *6.! +0*.&.4.0*! %/! *)2.! +04! *6.!&#0/.72.0*!8+,/.I!!;+.*%#.02'*%!!7/4_-8!'&4.!,,&,4(*4Y-3&"5F4(0&'4B!#'*+4<-++4)+*,&4(0&4)&'(&"O44

!QT!z%4+0.!1+//./!*#!-%L.)=l!`T!G+$0#,!@%,,!&,#/.!*6.!&.0*.)I!!

^Q!"!`_!!7/4(!;&,4#*4$.F4(0&'4-'/+!(-*'4<-++4"-,&O44

!5T!5+N./!$#!21l!-T!B08,+*%#0!@%,,!)%/.I!!

^5!"!-_!!7"!'4<-++4,$..+54!"%,4(*4B5"-!4*'+54-/4B5"-!40&+.,4G&M3*++!0O4

!-T!B)+0!@%,,!/211,=!+)C/!*#!G=)%+l!GT!G=)%+!6.,1/!W.\L#,,+6I!!

^-!"!G_!4

`'+54-/4A&''!4.!,,&,4(0&4&;!%F4A*0'4<-++4[*-'4(0&4!"%5O4

! kR!

!QT!<.00+!1+//./!*6.!.N+Cl!`T!<#60!@%,,!K#%0!*6.!+)C=I!!

^`!"!Q_!_-8!'&4<-++4.!,,4(*4B!#'*+F4-/4Y-3&"54#*&,4$.4(0&4%-88+&O4

!zT!z%4+0.!@%,,!1+//!*#!G+$0#,l!-T!-%L.)=!$#./!21!*6.!C%44,.I!!

^-!"!z_!!W.).!+).!*6.!&.0*)+,!&#0/*)2&*%#0/!+04!*6.%)!*)+0/,+*%#0!%0!Q"I!!

(#0/*)2&*%#0! 5)+0/,+*%#0!

B8!.F!*6.0!H! ^.!"!H_!

.F!%8!H! ^H!"!._!

.!#0,=!%8!H! ^.!"!H_!

O0,=!%8!.F!H! ^H4"!._!

!!!!NXCXC.\4"%$)4,4%$/'-!!U%&#04%*%#0+,/!+).!$.0.)+,,=!.N1).//.4!%0!90$,%/6!L=!*6.!16)+/.!!qq%8!+04!#0,=!%8qII!!W#@.:.)F!*6.).!+).!:+)%+*%#0/!#8!%*!+/!@.,,F!/2&6!+/!!qqIK2/*!%0!&+/.qI!!;! L%&#04%*%#0+,! %/! +! &#0K20&*%#0! #8! *@#! C+*.)%+,! &#04%*%#0+,/I! 3#)!.N+C1,.F!!A*0'4<-++4[*-'4(0&4!"%54-/4!'84*'+54-/4A*0'4.!,,&,4(0&4&;!%O4

!%/!+&*2+,,=!*6.!&#0K20&*%#0!#8!*6.!8#,,#@%0$!C+*.)%+,!&#04%*%#0+,/I!!7/4A*0'4[*-',4(0&4!"%5F4(0&'4A*0'4.!,,&,4(0&4&;!%O4

!7/4A*0'4.!,,&,4(0&4&;!%F4(0&'4A*0'4<-++4[*-'4(0&4!"%5O4

!

! kE!

U%&#04%*%#0+,/!+).!*)+0/,+*.4!%0*#!Q"!L=!*6.!/=CL#,!Y#JF!+04!+).!*)2.!K2/*!%0!&+/.!.+&6!1+)*!%/!*)2.!#)!.+&6!1+)*!%/!8+,/.F!+04!0.:.)[email protected]!#0,=!#0.!1+)*!%/!*)2.I!;+.*%#.02'*%!!_-8!'&4<-++4,0**(4-/4!'84*'+54-/4Y-3&"54.!,,&,4(*40-%O4

!zT!z%4+0.!@%,,!/6##*l!-T!-%L.)=!1+//./!*#!z%4+0.I!!

^z!#!-_!!E"!'64<-++4 "$'4 -'4 (0&4'&;(4&+&)(-*'4 [$,(4 -'4)!,&4Q!"54<-++4 "$'4 -'4 (0&4'&;(4

&+&)(-*'O4

!QT! 3)+0>! @%,,! )20! %0! *6.! 0.N*! .,.&*%#0l! `T! V+)=! @%,,! )20! %0! *6.! 0.N*!.,.&*%#0I!!

^Q!#!`_!!Q!"54<-++4<-'4(0&4!<!"84-/4!'84*'+54-/4W-,!42*(&,O4

!-T!V+)=!@%,,!@%0!*6.!+@+)4l!GT!"%/+!:#*./I!!

^-!#!G_!!NXCXE.82%1M4$*=."%++1,/,4H4,B./$)./--%"4/,4H4,B...

.

56.!L%&#04%*%#0+,! ,%>.!&#0K20&*%#0!+04!4%/K20&*%#0! %/! &#CC2*+*%:.!+04!

+//#&%+*%:.I!^Q!#!`_!%/!*6.!/+C.!+/!^`!#!Q_l!+04!^Q!#!^`!#!-_!%/!*6.!/+C.!+/!

^Q!#!`_!#!-_I!!56.!).+/#0!+!L%&#04%*%#0+,!%/!&#CC2*+*%:.!+04!+//#&%+*%:.!%/!L.&+2/.!+!L%&#04%*%#0+,!K2/*!%/!+!)*'[$')(-*'!#8!*@#!&#04%*%#0+,/I!G#F!%8!&#0K20&*%#0/!+).!&#CC2*+*%:.!+04!+//#&%+*%:.F!/#!+).!L%&#04%*%#0+,/I!!W#@.:.)F! C+*.)%+,! &#04%*%#0+,/! +).! 0.%*6.)! &#CC2*+*%:.! 0#)!

+//#&%+*%:.I!^Q!"!`_!%/!0#*!*6.!/+C.!+/!^`!"!Q_l!+04!^Q!"!^`!"!-_!%/!0#*!

*6.!/+C.!+/!^Q!"!`_!"!-_I!!!!

! kS!

!!!(#0/%4.)!*6.!8#,,#@%0$T!!zT!z%4+0.!@%,,!&6+)$.!8#)@+)4l!-T!-%L.)=!@%,,!1,+=!4.8.0/.l!GT!G+0$#,!@%,,!)20!*6.!C%48%.,4I!!

^z!"!-_!/+=/!*6+*! Y%8!z%4+0.!&6+)$./!8#)@+)4F!-%L.)=!@%,,!1,+=!4.8.0/.Jl!

@6%&6! 4#./! 0#*! C.+0! *6.! /+C.! *6%0$! +/! ^-!"! z_F! @6%&6! /+=/! *6+*! B8!-%L.)=!1,+=/!4.8.0/.F!z%4+0.!@%,,!&6+)$.!8#)@+)4I!!!

B0! *6.! ^z!"!-_! /%*2+*%#0F!-%L.)=!1,+=/!4.8.0/.!L.&+2/.!z%4+0.!&6+)$./!

8#)@+)4I! B0! *6.! ^-!"! z_F! &+/.! z%4+0.! &6+)$./! 8#)@+)4! L.&+2/.!-%L.)=!1,+=/!4.8.0/.I!!!"%>.@%/.F!@%*6!*6.!4%88.).0&.!L.*@..0!!

^z!"!-_!"!G_!+04!^z!"!^-!"!G_!!

^z!"!-_!"!G_!/+=/F!*6+*!YB8!z%4+0.!@%,,!&6+)$.!8#)@+)4F!#0,=!%8!-%L.)=!@%,,!

1,+=!4.8.0/.F!*6.0!G+0$#,!@%,,!)20!*6.!C%48%.,4JI!^z!"!^-!"!G_!/+=/!*6+*!YB8!z%4+0.!&6+)$./!8#)@+)4F!*6.0!-%L.)=!@%,,!1,+=!4.8.0/.!#0,=!%8!G+$0#,!)20/!*6.!C%48%.,4I!56.!*@#!/*+*.C.0*/!+).!:.)=!4%88.).0*I!!

;+.*%#.02'*%4('+47+'"-2*74>20?4/2@$34'-$+.0'+%!

7(4 -,4'*(4 (0&4 )!,&4 (0!(4 -/4 (0&4Y!'#&",4<-'4 (0&4B(!'+&54 )$.F4 (0&4`-+&",4<-++4

("!8&4P"&(M,65O4

QT!56.!-+0$.)/!@%0!*6.!G*+0,.=!&21l!`T!56.!O%,.)/!*)+4.!d).*\/>=I!

¬^Q!"!`_!

7/4E"!')&48*&,4'*(4<-'4(0&4]*"+849$.F4(0&'47(!+54<-++4<-'4(0&4]*"+849$.O4

QT!3)+0&.!@%0/!*6.!M#),4!(21l!`T!B*+,=!@%0/!*6.!M#),4!(21I!

^¬Q!"!`_!

4

! kk!

4

C-(0&"4E"!')&4*"4D*#*4<-++4!82!')&4/"*%4#"*$.4.+!54-/4B<-(M&"+!'84#&(,4a4

.*-'(,I!

QT!3)+0&.!+4:+0&./!8)#C!$)#21!1,+=l!`T!5#$#!+4:+0&./!8)#C!$)#21!1,+=l!-T!G@%*\.),+04!$.*/!P!1#%0*/I!

^-!"!^Q!%!`_!!

P&"%!'54!'84>"#&'(-'!4<-++4!82!')&4/"*%4#"*$.4.+!54*'+54-/4:*+!'84!'84

B.!-'4#&(4a4.*-'(,O4

QT! d.)C+0=! @%,,! +4:+0&.! 8)#C! $)#21! 1,+=l! `T! ;)$.0*%0+! @%,,! +4:+0&.!8)#C!$)#21!1,+=l!-T!Q#,+04!$.*/!P!1#%0*/l!GT!G1+%0!$.*/!P!1#%0*/I!

^-!$!G_!"!^Q!$!`_!!P0!'!43&!(,4(0&4^B4-/4?&%.,&548*&,4'*(4.+!5I!!QT!d6+0+!L.+*/!*6.!HGl!`T!n.C1/.=!1,+=/I!!!!

^¬`!"!Q_!!!E*"&-#'4"&+!(-*',4<-(04(0&4Q-88+&4C!,(4<-++4 -%."*2&4*'+54 -/4#!,4."-)&,48*4

'*(4-')"&!,&O4

!QT! 3#).%$0! ).,+*%#0/! @%*6! *6.! V%44,.! 9+/*! @%,,! %C1)#:.l! `T! d+/! 1)%&./!%0&).+/.I!!

^Q!"!¬`_!!44

`'+54-/4/*"&-#'4"&+!(-*',4<-(04(0&4Q-88+&4C!,(4-%."*2&4<-++4#!,4."-)&,4'*(4

-')"&!,&4-/4(0&"&4-,4!4)&!,&4/-"&O4

!QT! 3#).%$0! ).,+*%#0/! @%*6! *6.! V%44,.! 9+/*! %C1)#:.l! `T! d+/! 1)%&./!%0&).+/.l!-T!56.).!%/!+!&.+/.!8%).I!!!

^-!"!¬`_!"!Q_!!

! kj!

!

!>$4,.E.

F%2+/'.:("7$4@1(-.%<.!$/'B-4-.A.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

! jD!

.

.

57/M,(2.O..

:21,7P:/;'(.!$/'B-4-..

OX?. :21,7P:/;'(-./$).,7(.K%*4"/'.0,/,1-.%<.L2%M%-4,4%$-.

.

O8*.0! %*! %/! %C1#)*+0*! *#! 4.*.)C%0.! @6+*! *6.! ,#$%&+,! /*+*2/! #8! +!1)#1#/%*%#0!%/I!3#)!.N+C1,.F!!C-(0&"4(0&4<!++4-,4"&84*"4-(4-,4'*(4"&8O!!D0&4<!++4-,4"&84!'84-(4-,4'*(4"&8O4

4

D0&4<!++4-,4"&8O4

!9+&6!6+/!+!4%/*%0&*! ,#$%&+,! /*+*2/I!56.! ,#$%&+,! /*+*2/!#8! +!1)#1#/%*%#0! %/!4.*.)C%0.4!L=!@6+*!>%04!#8!*)2*6]*+L,.!%*!6+/I!!!

W*#-)!+4B(!($,4 V.+0%0$! 5)2*6]5+L,.!

(#0*)+4%&*%#0! ;,@+=/!3+,/.! 9:.)=!)#@!3!

(#0*%0$.0*! n.1.04.0*!! G#C.!)#@!5!!!!!!!!!'!G#C.!)#@!3!

5+2*#,#$=! ;,@+=/!5)2.! 9:.)=!)#@!5!

!B0! +44%*%#0F! %*! %/! +,/#! 2/.82,! *#! 4.*.)C%0.! @6+*! *6.! ,#$%&+,! ).,+*%#0! %/!L.*@..0!1)#1#/%*%#0/I!3#)!.N+C1,.F!!V*(04C'#+!'84!'84E"!')&4<-++4'*(4!82!')&4*$(4*/4#"*$.4.+!5I!!+04!!@&-(0&"4C'#+!'84'*"4E"!')&4<-++4!82!')&4*$(4*/4#"*$.4.+!5O4

!C.+0!*6.!/+C.l!K2/*!+/!!

! j[!

7/4C'#+!'84<-',F4E"!')&4<-++4<-'O!!C.+0/!*6.!/+C.!+/!7/4E"!')&48*&,4'*(4<-'F4(0&'4C'#+!'84<-++4'*(4<-'I!!U2*!!7/4E"!')&4<-',F4(0&'4C'#+!'84<-++4'*(4<-'O4

!4#./!0#*!C.+0!!E"!')&4<-++4<-'4!'84C'#+!'84<-++4<-'O44

!W.).! +).! *6)..! ).,+*%#0/! +! $)#21! #8! 1)#1#/%*%#0/! &+0! L.+)! *#! #0.!+0#*6.)T!!

"#$%&+,!G*+*2/! V.+0%0$! 5)2*6]5+L,.!

972%:+,.0*! G+C.!5)2*6]?+,2.!n%/*)%L2*%#0!

56.!*)2*6]*+L,./!+).!%4.0*%&+,!

G+*%/8%+L,.x(#0/%/*.0*! Q#//%L,=!+,,!5)2.! 56.).!%/!/#C.!)#@!@6.).!+,,!!1)#1#/%*%#0/!+).!*)2.!

H0/+*%/8%+L,.xB0&#0/%/*.0*! m#*!Q#//%L,=!+,,!5)2.! m#!)#@!@6.).!+,,!1)#1#/%*%#0/!+).!*)2.!

!U=!2/%0$!*)2*6]*+L,./F!%*!%/!/%C1,.!*#!4.*.)C%0.!@6+*!*6.!,#$%&+,!/*+*2/!#8!+!1)#1#/%*%#0!#)!+!$)#21!#8!1)#1#/%*%#0/!%/I!!!5#! 2/.! +! *)2*6]*+L,.! *#! 4.*.)C%0.! @6+*! *6.! ,#$%&+,! /*+*2/! #8! +! /%0$,.!1)#1#/%*%#0!%/!#0.!C2/*!&#0/*)2&*!+!*)2*6]*+L,.]&#C12*+*%#0I!!OXCX?.:21,7P,/;'(-./$).*($(2/'.21'(-.%<."%$-,21",4%$.

.

;! *)2*6]*+L,.! &#0/%/*/! #8! )#@/! +04! &#,2C0/I! 56.! )#@/! $#! 8)#C! ,.8*]*#])%$6*F!+04!*6.!&#,2C0/!$#!*#1]*#]L#**#CI!;!*)2*6]*+L,.!0..4/!+*!,.+/*!+/!C+0=!&#,2C0/!+/!!

! jA!

• G*+*.C.0*!,.**.)/!

• m#0]+*#C%&!8#)C2,+!

• 56.!8#)C2,+!*#!L.!&#C12*.4!!+04!.N+&*,=!Am!)#@/l!@6.).!m!%/!*6.!02CL.)!#8!+*#C%&!/*+*.C.0*!,.**.)/!

%0!*6.!8#)C2,+I!5#!&#0/*)2&*!+!*)2*6]*+L,.!8#)!^^Q!$!`_!"!¬-_!#0.!@#2,4!0..4!k!)#@/!^/%0&.!*6.).!+).!X!+*#C%&!/*+*.C.0*!,.**.)/F!/#!m{X!+04!A!"#"

$%F!+04!R!&#,2C0/I!56.!k!)#@/!.N6+2/*!+,,!*6.!1#//%L,.!&#CL%0+*%#0/!#8!

*)2*6]:+,2.! +//%$0C.0*/! *#! +,,! #8! *6.! +*#C%&! /*+*.C.0*! ,.**.)/I! 56.! R!&#,2C0/!+).! +! &#0/.72.0&.!#8!6+:%0$!#0.! &#,2C0! 8#)! .:.)=! /*+*.C.0*!,.**.)F! +04! #0.! &#,2C0! 8#)! .+&6! 0#0]+*#C%&! 8#)C2,+F! @6%&6! %/! 0#*! *6.!8#)C2,+!L.%0$!&#C12*.4I!56.!8%0+,!&#,2C0!%/!*6.!&#,2C0!#8!*6.!8#)C2,+!L.%0$!&#C12*.4I!M.!@%,,!).8.)!*#!*6+*!&#,2C0!+/!&#,2C0!E!%0!*6%/!&+/.!!!!!!!!!![!!!!!A!!!!!!X!!!!!!!P!!!!!!!R!!!!!!!!!!!!!!!!^E_!3#)C2,+!

D! Q! `! -! ¬-! ^Q!$!`_! ^Q!$!`_!"!¬-_!

[! 5! 5! 5! ! ! !!!!!!!

A! 5! 5! 3! ! ! !!!

X! 5! 3! 5! ! ! !

P! 5! 3! 3! ! ! !

R! 3! 5! 5! ! ! !

E! 3! 5! 3! ! ! !

S! 3! 3! 5! ! ! !

k! 3! 3! 3! ! ! !

!(#,2C0/!^[_F!^A_F!+04!^X_!+).!8#)!*6.!+*#C%&!/*+*.C.0*!,.**.)/I!(#,2C0/!^P_!+04!^R_!+).!8#)!*6.!0#0]+*#C%&!8#)C2,+/!*6+*!+).!/2L]&#C1#0.0*/!#8!*6.! C+%0! 8#)C2,+! L.%0$! &#C12*.4I! 56.! 8%0+,! &#,2C0! %/! *6.! 8#)C2,+!@6#/.!:+,2.!%/!L.%0$!&#C12*.4I!!!B0!+44%*%#0F!*6.).!%/!+,/#!+!$.0.)+,!1)#&.42).!8#)!1,+&%0$!.:.)=!1#//%L,.!&#CL%0+*%#0! #8! *)2*6]:+,2./! 8#)! *6.! 02CL.)! #8! +*#C%&! /*+*.C.0*/I!M6.).!*6.).!+).!*6)..!+*#C%&!/*+*.C.0*!,.**.)/!*6.!1)#&.42).!L.%0$/!L=!/*+)*%0$!@%*6!&#,2C0!^[_!8%,,!*6.!8%)/*!P!)#@/!@%*6!5F!+04!*6.!0.N*!P!)#@/!@%*6!3I!M%*6!&#,2C0!^A_!8%,,!*6.!8%)/*!*@#!)#@/!@%*6!5F!*6.!0.N*!*@#!)#@/!@%*6! 3F! +04! &#0*%02.! +,*.)0+*%0$! .:.)=! *@#! )#@/! 20*%,! *6.! .04I! M%*6!&#,2C0!XF! /*+)*!@%*6!5! %0! *6.! 8%)/*! )#@F!+04!+,*.)0+*.!5!+04!3!20*%,! *6.!.04I! 56.! $.0.)+,! 1)%0&%1,.! L.%0$! 8#,,#@.4! %/! *6+*! +,*.)0+*%#0! L.*@..0!

! jX!

/2&&.//%:.! 5/! +04! 3/! 6+,:./! +/! #0.! $#./! 8)#C! ,.8*]*#])%$6*! +,#0$! *6.!&#,2C0/I!!!!!!B0! #)4.)! *#! &#C12*.! *6.! :+,2./! 8#)! *6.! )#@/! %0! &#,2C0! ^P_! #0.!C2/*!

+11,=! *6.! *)2*6]*+L,.! 8#)!¬! *#! &#,2C0! ^X_I! G%0&.! *6.! *)2*6]*+L,.! 8#)!¬!%0/*)2&*/!2/!*#!/%C1,=!$%:.!*6.!#11#/%*.!*)2*6]:+,2.!*#!*6.!%0%*%+,!*)2*6]:+,2.F! #0.! /%C1,=! 12*/! *6.! #11#/%*.! *)2*6]:+,2.! %0! &#,2C0! P! 8#)! .+&6!

)#@! $%:.0! &#,2C0!XI! (#,2C0! ^X_! %/! *6.! /.*! #8! %0%*%+,! :+,2./! *6+*! *6.!¬!*+L,.! %/! +11,%.4! *#I! B0! #)4.)! *#! &#C12*.! *6.! :+,2./! 8#)! *6.! )#@/! #8!

&#,2C0!^R_!#0.!C2/*!+11,=!*6.!*)2*6]*+L,.!8#)!$!*#!*6.!:+,2./!%0!&#,2C0/!

^[_!+04!^A_I!56.!*+L,.!8#)!$!*.,,/!2/!*6+*!+!&#0K20&*%#0!%/!*)2.!#0,[email protected]!L#*6! &#0K20&*/! +).! *)2.I! G#F! *6.! #0,=! )#@/! %0! &#,2C0!R! *6+*! $.*! +!5! %0!*6.C!+).!#0./!@6.).!*6.).!%/!+!5!%0!L#*6!&#,2C0!^[_!+04!^A_I!B0!#)4.)!*#!&#C12*.!*6.!:+,2.!#8!+0=!$%:.0!)#@!%0!*6.!8%0+,!&#,2C0!#0.!/%C1,=!,##>/!

+*! *6.! *)2*6]*+L,.! 8#)!"!@6%&6! *.,,/!2/! *6+*!+0=! *%C.! *6.!+0*.&.4.0*! %/!

*)2.!+04!*6.!&#0/.72.0*!8+,/.!*6.!8#)C2,+!&#0*+%0%0$!"! %/! 8+,/.I! B0!*6.!

&+/.! #8! ^Q! $! `_!"! ¬-_F! ^Q! $! `_! %/! *6.! +0*.&.4.0*F! +04! ¬-! %/! *6.!&#0/.72.0*I! G#F! +0=! *%C.! +! &.,,! %0! &#,2C0! ^P_! 6+/! +0! 3F! +04! *6.!&#))./1#04%0$! &.,,! %0! &#,2C0! ^R_! 6+/! +! 5F! &#,2C0! ^E_! $.*/! +0! 3I! B0! +,,!#*6.)!&+/./F!*6.!&#,2C0!^E_!$.*/!+!5I!!!!!!!!!![!!!!!A!!!!!X!!!!!!P!!!!!!!!R!!!!!!!!!!! !!^E_!3#)C2,+!

D! Q! `! -! ¬-! ^Q!$!`_! ^Q!$!`_!"!¬-_!

[! 5! 5! 5! 3! !!!!!5! !!!!!!!!!!!!!!!3!!!!!

A! 5! 5! 3! 5! !!!!!5! !!!!!!!!!!!!!!!5!

X! 5! 3! 5! 3! !!!!!3! !!!!!!!!!!!!!!!5!

P! 5! 3! 3! 5!! !!!!!3! !!!!!!!!!!!!!!!5!

R! 3! 5! 5! 3! !!!!!3! !!!!!!!!!!!!!!!5!

E! 3! 5! 3! 5! !!!!!3! !!!!!!!!!!!!!!!5!

S! 3! 3! 5! 3! !!!!!3! !!!!!!!!!!!!!!!5!

k! 3! 3! 3! 5! !!!!!3! !!!!!!!!!!!!!!!5!

!OXCXC.D(,(2+4$4$*.,7(.K%*4"/'.0,/,1-.%<./.04$*'(.L2%M%-4,4%$.

!;/!0#*.4!L.8#).!/#C.*%C./!%*!%/!2/.82,!*#!4.*.)C%0.!*6.!,#$%&+,!/*+*2/!#8!+! 1)#1#/%*%#0I! 56.).! +).! *6)..! #1*%#0/I! ;! 1)#1#/%*%#0! &+0! .%*6.)! L.!&#0*)+4%&*#)=F!*+2*#,#$2/F!#)!&#0*%0$.0*I!!!

! jP!

!!!

9N+C1,.T!^Q!$!¬Q_!!!!!!!![!!!!!!A!!!!!!!!X!

D! Q! ¬Q! ^!Q!$!¬Q_!

[! 5! 3! !!!!!!3!

A! 3! 5! !!!!!!3!

!

(#,2C0! ^X_! %/! &#C12*.4! L=! +11,=%0$! *6.!$! *)2*6]*+L,.! *#! &#,2C0/! ^[_!

+04! ^A_I! G%0&.! *6.!$! *)2*6]*+L,.! *.,,/!2/! *6+*! +! &#0K20&*%#0! %/! *)2.!#0,[email protected]! L#*6! &#0K20&*/! +).! *)2.F! +04! %0! *6.! &+/.! +L#:.! Q! %/! *6.! #0,=!/*+*.C.0*!,.**.)!%0!*6.!&#0K20&*%#0!.:.)=!)#@!#8!*6.!*+L,.!@%,,!L.!8+,/.I!!

56.! ,#$%&+,! /*+*2/!#8! ^Q!$!¬Q_! %/!)*'("!8-)(*"5I! 56.! /*+*.C.0*! %/!0.:.)!*)2.I!!

9N+C1,.T!^¬Q!"!Q_!!!!!!!!!![!!!!!!A!!!!!!!X!

D! Q! ¬Q! ^¬Q!"!Q_!

[! 5! 3! !!!!!!!!5!

A! 3! 5! !!!!!!!!3!

!

G%0&.! ^¬Q!"! Q_! #0,=! 6+/! #0.! /*+*.C.0*! ,.**.)! *6.! *)2*6]*+L,.! #0,=!).72%)./! #0.! &#,2C0! 8#)! Q! +04! *@#! )#@/! 8#)! *6.! *@#! 1#//%L,.! *)2*6]

:+,2./! #8! QI! (#,2C0! ^A_! %/! *6.! ¬! *)2*6]*+L,.! +11,%.4! *#! &#,2C0! ^[_I!

(#,2C0! ^X_! %/! *6.!"! *)2*6]*+L,.! +11,%.4! *#! &#,2C0! ^[_! +04! ^A_I! 56.!

,#$%&+,!/*+*2/!#8!^¬Q!"!Q_!%/!)*'(-'#&'(F!/%0&.!)#@!^[_!6+/!+!5F!+04!)#@!^A_!6+/!+0!3I!!!

9N+C1,.T!^Q!%!¬Q_!!!!!!!![!!!!!!A!!!!!!!X!

D! Q! ¬Q! !!^Q!%!¬Q_!

[! 5! 3! !!!!!!5!

A! 3! 5! !!!!!!5!

! jR!

!!!

(#,2C0! ^X_! %/! &#C12*.4! L=! +11,=%0$! *6.!%! *)2*6]*+L,.! *#! &#,2C0/! ^[_!

+04! ^A_I! G%0&.! *6.!%! *)2*6]*+L,.! *.,,/! 2/! *6+*! +!4%/K20&*%#0! %/! 8+,/.! #0,[email protected]! L#*6! 4%/K20&*/! +).! 8+,/.F! +04! %0! *6.! &+/.! +L#:.! Q! %/! *6.! #0,=!/*+*.C.0*!,.**.)!%0!*6.!4%/K20&*%#0!.:.)=!)#@!#8!*6.!*+L,.!@%,,!L.!*)2.I!

56.! ,#$%&+,! /*+*2/! #8! ^Q! %!¬Q_! %/! (!$(*+*#$,I! 56.! /*+*.C.0*! %/! +,@+=/!*)2.I!!

9N+C1,.T!^Q!$!¬`_!!!!!!![! !!!A! X!!!!!!!!P!

D! Q! `! ¬`! ^Q!$!¬`_!

[! 5! 5! 3! !!!!!!3!

A! 5! 3! 5! !!!!!!5!

X! 3! 5! 3! !!!!!!3!

P! 3! 3! 5! !!!!!!3!

!(#,2C0!^[_!%/!*6.!*#*+,!/.*!#8!*)2*6]:+,2./!8#)!QI!(#,2C0!^A_!%/!*6.!*#*+,!

/.*! #8! *)2*6]:+,2./! 8#)! `I! (#,2C0! ^X_! %/! *6.! &#C12*.4! :+,2.! #8! ¬`F!

4.*.)C%0.4!L=!*6.!*)2*6]*+L,.!8#)!¬!+11,%.4!*#!*6.!&#,2C0!^A_I!(#,2C0!

^P_! %/! *6.! &#C12*.4! :+,2.! #8! ^Q! $! ¬`_F! 4.*.)C%0.4! L=! *6.! ! $! *+L,.!

+11,%.4! *#! &#,2C0! ^[_! +04! ^X_I! 56.! ,#$%&+,! /*+*2/! #8! ^Q! $! ¬`_! %/!)*'(-'#&'(!L.&+2/.!+*! ,.+/*!#0.!)#@!%0!&#,2C0!^P_!6+/!+!5F!+04!+*! ,.+/*!#0.!6+/!+0!3I!!.

OXCXE.D(,(2+4$4$*.,7(.'%*4"/'.-,/,1-.%<./.*2%1M.%<.M2%M%-4,4%$-.

.

M6.0! 4.*.)C%0%0$! *6.! ,#$%&+,! /*+*2/! #8! +! $)#21! #8! 1)#1#/%*%#0/! *6.!1)#&.42).! %/! )#2$6,=! *6.! /+C.! +/! %*! %/! %0! *6.! &+/.! #8! 4.*.)C%0%0$! *6.!,#$%&+,!/*+*2/!#8!+!/%0$,.!1)#1#/%*%#0I!O8!&#2)/.!*6.!*)2*6]*+L,.!$.*/!C#).!&#C1,.NI!!!!!!!

! jE!

!!!

9N+C1,.T!^Q!$!`_F!¬!^¬Q!%!¬`_!!!!!!!![!!!!!A!!!!!X!!!!!!!!P!!!!!!!!!!!R!!!!!!!!!!!!!E!!!!!!!!!!!!!!!!!!!!!!!!S!

D! Q! `! ¬Q! ¬`! ^Q!$!`_!!! ^¬Q!%!¬`_! ¬!^¬Q!%¬`_!

[! 5! 5! 3! 3! !!!!!5! !!!!!!!!3! 5!

A! 5! 3! 3! 5! !!!!!3! !!!!!!!!5! 3!

X! 3! 5! 5! 3! !!!!!3! !!!!!!!!5! 3!

P! 3! 3! 5! 5! !!!!!3! !!!!!!!!5! 3!

!

M.!@+0*!*#!&#C1+).!*@#!8#)C2,+/T!^Q!$!`_!+04!¬^¬Q!%!¬`_!*#!/..!@6+*!*6.!,#$%&+,!).,+*%#0!%/!L.*@..0!*6.CI!3%)/*F!@.!12*!4#@0!+,,!*6.!1#//%L,.!&#CL%0+*%#0/!#8!*)2*6]:+,2./!8#)!#2)!+*#C%&!/*+*.C.0*!,.**.)/!Q!+04!`!%0!&#,2C0/!^[_!+04!^A_I!G.&#04F!@.!&#C12*.!*6.!:+,2.!#8!&#,2C0/!^X_!+04!^P_!L=!+11,=%0$!*6.!0.$+*%#0!#1.)+*#)!*#!&#,2C0!^[_!8#)!&#,2C0!^X_F!+04!&#,2C0!^A_!8#)!&#,2C0!^P_I!56%)4!@.!&#C12*.!*6.!:+,2./!8#)!^R_!+04!^E_!L+/.4!#0! *6.!:+,2./! %0!^[_F! ^A_F! ^X_F!+04!^P_!+04!*6.!+11)#1)%+*.! *)2*6]*+L,.!8#)!*6.!#1.)+*#)!@.!+).!&#C12*%0$I!!(#,2C0!^R_!2/./!&#0K20&*%#0I!(#,2C0! ^E_! 2/./! 4%/K20&*%#0I! 3%0+,,=F! @.! &#C12*.! &#,2C0! ^S_! L=!+11,=%0$!*6.!0.$+*%#0!*+L,.!*#!*6.!:+,2./!%0!&#,2C0!^E_I!!

5#!4.*.)C%0.!*6.!,#$%&+,!).,+*%#0!8#)!^Q!$!`_!+04!¬^¬Q!%!¬`_!@.!0..4!*#!,##>!+*!&#,2C0/!^R_!+04!^S_F!/%0&.!.:.)=!)#@!204.)!*6./.!*@#!&#,2C0/!6+/! *6.! /+C.! *)2*6]:+,2.I! 56.! *@#! 8#)C2,+/! +).! &H$-2!+&'(I! 56.=! +).!*)2.!%0!.N+&*,=!*6.!/+C.!&%)&2C/*+0&./I!G#F!:4!'84b!C.+0/!*6.!/+C.!+/!-(4-,4'*(4(0&4)!,&4(0!(4&-(0&"4:4-,4/!+,&4*"4b4-,4/!+,&I!!!!!!

9N+C1,.T!^Q!$!`_F!^Q!%!`_!!!!!!!!!![!!!!A!!!!!X!!!!!!!!!!!!!!!!P!!

D! Q! `! ^Q!$!`_! ^Q!%!`_!

[! 5! 5! !!!!!5! !!!!!5!

A! 5! 3! !!!!!3! !!!!!5!

X! 3! 5! !!!!!3! !!!!!5!

P! 3! 3! !!!!!3! !!!!!3!

!

! jS!

B0! #)4.)! *#! 4.*.)C%0.! *6.! ,#$%&+,! ).,+*%#0! 8#)! ^Q!$! `_! +04! ^Q!%! `_!@.!C2/*!,##>!+*!&#,2C0/!^X_!+04!^P_I!G%0&.F!*6.).!%/!+!)#@!@6.).!L#*6!+).!*)2.F! *6.! )#@!@6.).!Q! %/! 5! +4!`! %/! 5F! *6.! *@#! 8#)C2,+/! +).! ,!(-,/-!3+&I!W#@.:.)F!/%0&.!*6.!*@#!8#)C2,+/!4#!0#*!6+:.!*6.!/+C.!:+,2.!8#)!.:.)=!)#@!*6.=!+).!0#*!.72%:+,.0*I!!!!

9N+C1,.T!^Q!"!¬`_F!^Q!$!`_!!!!!!!![!!!!!A!!!!!X!!!!!!!!!!P!!!!!!!!!!!!!!!!R!

D! Q! `! ¬`! ^Q!$!`_! ^Q!"!¬`_!

[! 5! 5! 3! !!!!!5! !!!!!!3!

A! 5! 3! 5! !!!!!3! !!!!!!5!

X! 3! 5! 3! !!!!!3! !!!!!!5!

P! 3! 3! 5! !!!!!3! !!!!!!5!

!

B0!#)4.)!*#!4.*.)C%0.!*6.!,#$%&+,!).,+*%#0!8#)!^Q!"!¬`_!+04!^Q!$!`_!@.!,##>!+*!&#,2C0/!^P_!+04!^R_I!G%0&.F!*6.).!%/!0#!)#@!204.)!&#,2C0!^P_!+04!^R_!@6.).!L#*6!6+:.!+!5F!*6.!*@#!8#)C2,+/!+).!$',!(-,/-!3+&F!+04!/%0&.!%*!%/! 0#*! *6.! &+/.! *6+*! +,,! #8! *6.! )#@/! +).! *6.! /+C.! *6.).! %/! 0#! ,#$%&+,!.72%:+,.0&.!L.*@..0!*6.!8#)C2,+/I!!

9N+C1,.T!^Q!"!^`!"!-_F!^Q!$!`_!"!-!!!!!!!!![!!!!!A!!!!!!X!!!!!P!!!!!!!!!!!!!!!!!!!!R!!!!!!!!!!!!!!!!!!!E!!!!!!!!!!!!!!!!!!!!!!!!!!!S!

D! Q! `! -! ^`!"!-_! ^Q!$!`_! ^Q!$!`_!"!-! ^Q!"!^`!"!-_!

[! 5! 5! 5! !!!!!!5! !!!!!5! !!!!!!!!!!!!!!!5!!!!! !!!!!!5!

A! 5! 5! 3! !!!!!!3! !!!!!5! !!!!!!!!!!!!!!!3! !!!!!!3!

X! 5! 3! 5! !!!!!!5! !!!!!3! !!!!!!!!!!!!!!!5! !!!!!!5!

P! 5! 3! 3! !!!!!!5! !!!!!3! !!!!!!!!!!!!!!!5! !!!!!!5!

R! 3! 5! 5! !!!!!!5! !!!!!3! !!!!!!!!!!!!!!!5! !!!!!!5!

E! 3! 5! 3! !!!!!!3! !!!!!3! !!!!!!!!!!!!!!!5! !!!!!!5!

S! 3! 3! 5! !!!!!!5! !!!!!3! !!!!!!!!!!!!!!!5! !!!!!!5!

k! 3! 3! 3! !!!!!!5! !!!!!3!!! !!!!!!!!!!!!!!!5! !!!!!!5!

!

B0!#)4.)!*#!4.*.)C%0.!*6.!,#$%&+,!/*+*2/!#8!^Q!"!^`!"!-_!+04!!

^Q!$!`_!"!-F!@.!C2/*! ,##>!+*!&#,2C0/!^E_!+04!^S_I!G%0&.!.:.)=!)#@!#8!L#*6!&#,2C0/!6+/!*6.!/+C.!*)2*6]:+,2.F!*6.!*@#!8#)C2,+/!+).!&H$-2!+&'(I!!!

! jk!

56.! >.=! /*.1/! 8#)! 4.*.)C%0%0$! *6.! ,#$%&+,! /*+*2/! #8! +! 1)#1#/%*%#0! #)! +!$)#21!#8!1)#1#/%*%#0/!+).!*6.!8#,,#@%0$T!!B(&.! [T! &).+*.! +! *)2*6]*+L,.! @%*6! *6.! ).72%/%*.! 02CL.)! #8! )#@/! +04!&#,2C0/I!!B(&.! AT! &#C12*.! *6.! :+,2.! #8! .:.)=! 8#)C2,+! #0! .:.)=! )#@F! $%:.0! *6.!%0%*%+,!:+,2./!1)#:%4.4!L=!+*#C%&!/*+*.C.0*!,.**.)/!8#)!*6.!)#@I!!B(&.!XT!&6.&>!8#)!*6.!,#$%&+,!/*+*2/!L=!&6.&>%0$!*6.!).,.:+0*!)#@/I!.

OXEX?.D(,(2+4$4$*.,7(.H/'4)4,B.%<./$./2*1+($,.H4/.,21,7P,/;'(-X.

.

U.&+2/.!+0!+)$2C.0*! %/!+!/.*!#8!/*+*.C.0*/F!#0.!#8!@6%&6! %/!/211#)*.4!L=!*6.!#*6.)/F!#0.!&+0!*./*!8#)!*6.!:+,%4%*=!#8!+0!+)$2C.0*!L=!&).+*%0$!+!*)2*6]*+L,.!8#)!.+&6!#8!*6.!1).C%/./!+04!*6.!&#0&,2/%#0I!56.!1)#&.42).!%/!.N+&*,=!*6.!/+C.!1)#&.42).!#0.!.C1,#=/!8#)!*./*%0$!*6.!,#$%&+,!/*+*2/!#8!+!1)#1#/%*%#0!#)!+!$)#21!#8!1)#1#/%*%#0/I!56.!#0,=!4%88.).0&.! %/! *6+*!*6.!72./*%#0!#0.!+/>/[email protected]!*6.!&#C1,.*.!*)2*6]*+L,.!%/!4#0.F!&#0&.)0/!:+,%4%*=T!!7,4 (0&"&4 !'54 "*<4<0&"&4 (0&4 )*+$%',4 /*"4 (0&4 ."&%-,&,4 0!2&4 !4 DF4 !'84 (0&4

)*+$%'4/*"4(0&4)*')+$,-*'40!,4!'4Eb!!

• B8!*6.!+0/@.)!*#!*6%/!72./*%#0!%/!Y=./JF!*6.0!*6.!+)$2C.0*!%/!-'2!+-8I!!

•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

! jj!

!!!9N+C1,.T!!!7/4A*0'4<-',4(0&4C+&)(-*'F4(0&'4Q!"54<-++4"$'4/*"4P*2&"'*"O4A*0'48-84'*(4<-'4

(0&4&+&)(-*'O4B*F4Q!"54<-++4'*(4"$'4/*"4P*2&"'*"O44

!3%)/*F! @.! 0..4! *#! *)+0/,+*.! *6.! +)$2C.0*! %0*#! Q"! 2/%0$! +! /&6.C.! #8!+LL).:%+*%#0I! 56.! /=CL#,! YxJ! %/! 2/.4! *#! 4.0#*.! *6+*! *6.! 8#)C2,+! *6+*!8#,,#@/!%*!%/!*6.!&#0&,2/%#0I!!QT!<#60!@%0/!*6.!.,.&*%#0l!`T!V+)=!@%,,!)20!8#)!d#:.)0#)I!4!!!!

Q!"!`F!¬Q!x!¬`!!!G.&#04F!@.! 0..4! *#! &).+*.! +! *)2*6]*+L,.! +04! &#C12*.! *6.! :+,2.! #8! *6.!&#C1#204! 8#)C2,+/! $%:.0! *6.! %0%*%+,! :+,2./! #8! *6.! +*#C%&! /*+*.C.0*!,.**.)/! Q! +04! `I! B0! *6.! *+L,.! L.,#@F! @.! ,+L.,! 1).C%/./! @%*6! YQ)J! +04!&#0&,2/%#0!@%*6!Y(JI!!!!!!!!!!!!!!!!!!!!!!!Q)[! !!!!!!!!Q)A!!!!!(!

D! Q! `! ^Q!"!`_! ¬Q! ¬`!

[! 5! 5! !!!!!5! 3! 3!

A! 5! 3! !!!!!3! 3! 5!

X! 3! 5! !!!!!5! 5! 3!

P! 3! 3! !!!!!5! 5! 5!

!56.!4.8%0%*%#0!#8!+!:+,%4!+)$2C.0*!%/!#0.!@6.).!%*!%/!%C1#//%L,.!8#)!*6.!1).C%/./! *#! L.! *)2.! +04! *6.! &#0&,2/%#0! 8+,/.I! 56.! *)2*6]*+L,.! +L#:.!/6#@/!2/!*6+*!%0!*6.!&+/.!@6.).!Q!{!3F!+04!`!{!5F!*6.!1).C%/./!+).!*)2.F!+04!*6.!&#0&,2/%#0!8+,/.I!;/!+!&#0/.72.0&.F!*6.!+)$2C.0*!%/!%0:+,%4I!!!;! *)2*6]*+L,.! +0+,=/%/! #8! +0! +)$2C.0*! +,,#@/! 2/! *#! 4.*.)C%0.! :+,%4%*=!L.&+2/.! :+,%4%*=! %/! +!C#4+,! &#0&.1*F! +! &#0&.1*! %0:#,:%0$! %C1#//%L%,%*=!+04! 1#//%L%,%*=I! M6.0! +0! +)$2C.0*! %/! :+,%4! %*! %/! %C1#//%L,.! 8#)! *6.!1).C%/./! *#!L.! *)2.F! +04! *6.! &#0&,2/%#0! 8+,/.I!M6+*! *6%/!C.+0/! %/! *6+*!*6.).! %/! 0#! &#CL%0+*%#0! #8! +//%$0%0$! *)2*6]:+,2./! *#! *6.! +*#C%&!/*+*.C.0*/!*6+*!).04.)/!*6.!1).C%/./!*)2.!+04!*6.!&#0&,2/%#0!8+,/.!+8*.)!

! [DD!

&#C12*%0$!*6.!:+,2.!#8!*6.!&#C1#204!/*+*.C.0*/!2/%0$!*6.!*)2*6]*+L,./!8#)!*6.!1)#1#/%*%#0+,!#1.)+*#)/I!56.!*)2*6]*+L,.!$%:./!2/!+,,!*6.!1#//%L,.!&#CL%0+*%#0/! /#! @.! >0#@! %8! *6.).! %/! 0#! )#@!@6.).! *6.! 1).C%/./! +).!*)2.F!+04!*6.!&#0&,2/%#0!8+,/.F!*6.!+)$2C.0*!%/!:+,%4I!!9N+C1,.T!!!7/4 A*0'4 <-',4 (0&4 &+&)(-*'F4 Q!"54 <-++4 "$'4 /*"4 P*2&"'*"I! A*0'4 <*'4 (0&4&+&)(-*'O4B*F4Q!"54<-++4"$'4/*"4P*2&"'*"O!!QT!<#60!@%0/!*6.!.,.&*%#0l!`T!V+)=!@%,,!)20!8#)!d#:.)0#)I!!

^Q!"!`_F!Q!x!`!4

! !!!!!!!!!!Q)[!!!!!!!!!!!!!!!Q)A!!!!(!!

D! Q! `! ^Q!"!`_! Q! `!

[! 5! 5! !!!!!5! 5! 3!

A! 5! 3! !!!!!3! 5! 5!

X! 3! 5! !!!!!5! 3! 5!

P! 3! 3! !!!!!5! 3! 3!

!G%0&.! 0#! )#@! 6+/! 1).C%/./! *6+*! +).! *)2.! +04! +! 8+,/.! &#0&,2/%#0F! *6.!+)$2C.0*!%/!:+,%4I!!!9N+C1,.T!!>%&"-)!4<-++4 -'2!8&4 7"!H4*'+54 -/4 B!$8-4>"!3-!48*&,4'*(4 )*'8&%'4*$(,-8&4

-'2*+2&%&'(O4 B!$8-4 >"!3-!4<-++4 '*(4 )*'8&%'4 *$(,-8&4 -'2*+2&%&'(4 *'+54 -/4

E"!')&4 ,$..*"(,4 >%&"-)!O4 V$(F4 E"!')&4 <-++4 '*(4 ,$..*"(4 >%&"-)!O4 B*F4

>%&"-)!'4<-++4'*(4-'2!8&47"!HI!!QT! ;C.)%&+! @%,,! %0:+4.! B)+7l! `T! G+24%! ;)+L%+! &#04.C0/! #2*/%4.!%0:#,:.C.0*l!-T!3)+0&.!/211#)*/!;C.)%&+I!!!!!!!

! [D[!

!!

Q!"!¬`F!¬`!"!-F!¬-!x!¬Q!!!!!!!!![!!!!!A!!!!!X!!!!!P! !!!!!!Q)[!!!!!!!!!!!!!!!!!Q)A! !!!!!Q)X!!!!!!(!

D! Q! `! -! ¬`! ^Q!"!¬`_! ¬`!"!-! ¬-!! ¬Q!

[! 5! 5! 5! 3! !!!!!!3! !!!!!!!!5!!!!!!!!! 3! 3!

A! 5! 5! 3! 3! !!!!!!3! !!!!!!!!5! 5! 3!

X! 5! 3! 5! 5! !!!!!!5! !!!!!!!!5! 3! 3!

P! 5! 3! 3! 5! !!!!!!5! !!!!!!!!3! 5! 3!

R! 3! 5! 5! 3! !!!!!!5! !!!!!!!!5!! 3! 5!

E! 3! 5! 3! 3! !!!!!!5! !!!!!!!!5! 5! 5!

S! 3! 3! 5! 5! !!!!!!5! !!!!!!!!5! 3! 5!

k! 3! 3! 3! 5! !!!!!!5! !!!!!!!!3! 5! 5!

!56%/!+)$2C.0*!&#0/%/*/!#8!*6)..!1).C%/./!+04!+!&#0&,2/%#0I!9+&6!#8!*6.!

*6)..! +*#C%&! /*+*.C.0*! ,.**.)/! 6+/! +! &#,2C0F! +04! *6.! 8#)C2,+! ¬`! %/!$%:.0!+!&#,2C0F!/%0&.!%*!%/!+!/2L!8#)C2,+!#8!*@#!1).C%/./I!3%)/*!*6.!:+,2.!#8!.+&6!1).C%/.!%/!&#C12*.4!L=!2/%0$!*6.!*)2*6]*+L,.!4.8%0%*%#0!8#)!*6.!+11)#1)%+*.! C+%0! &#00.&*%:.F! +04! *6.! &#0&,2/%#0! %/! &#C12*.4! L=!+11,=%0$!*6.!0.$+*%#0!*+L,.!*#!&#,2C0!^[_I!G%0&.!0#0.!#8!*6.!)#@/!6+:.!+,,!*)2.!1).C%/./!+04!+!8+,/.!&#0&,2/%#0!*6.!+)$2C.0*!%/!:+,%4I!!!!!!!!!!!!!!!!!!!

! [DA!

!

57/M,(2.Q.

A$)42(",P:/;'(.!$/'B-4-.!QX?. A$)42(",P,/;'(.,(-,.<%2.H/'4)4,B.

!O0&.!=#2!&#C.!*#!>0#@!*6.!*)2*6]*+L,.!4.8%0%*%#0/!8#)!*6.!1)#1#/%*%#0+,!&#00.&*%:./F!+04!,.+)0!6#@!*#!&#0/*)2&*!+!&#C1,.*.!*)2*6]*+L,.!*./*!8#)!:+,%4%*=F!%*!L.&#C./!+11+).0*!*6+*!=#2!0..4!0#*!&#C12*.!.:.)=!,%0.!#8!+!*)2*6]*+L,.! %0!#)4.)! *#!4.*.)C%0.!@6.*6.)!+0!+)$2C.0*! %/! :+,%4I!d%:.0!*6+*!+0!+)$2C.0*!%/!:+,%4!%8!+04!#0,=!%8!%*!%/!%C1#//%L,.!8#)!*6.!1).C%/./!*#! L.! *)2.! +04! *6.! &#0&,2/%#0! 8+,/.F! %*! %/! /%C1,=! 0..4,.//! *#! &#C1,.*.!.:.)=! )#@! #8! +! *)2*6]*+L,.I! ;! )#@! &+00#*! /6#@! *6+*! +0! +)$2C.0*! %/!%0:+,%4! %8! *6.! &#0&,2/%#0! %/! *)2.! #0! *6+*! )#@I! 56.! &#0&,2/%#0!C2/*! L.!8+,/.!%0!#)4.)!8#)!%*!*#!L.!1#//%L,.!*6+*!*6.!)#@!/6#@/!*6.!+)$2C.0*!*#!L.!%0:+,%4I!!

9N+C1,.T!Q!"!`F!`!x!Q!!! !!!!!!!!!!Q)[!!!!!!!!!!!!!!!Q)A! !!!!!!!!(!

D! Q! `! ^Q!"!`_! `! Q!

[! 5! 5! ! ! !

A! 5! 3! ! ! !

X! 3! 5! !!!!!5! 5! 3!

P! 3! 3! !!!!!5! 3! 3!

!G%0&.!*6.!&#0&,2/%#0!%/!/%C1,=!QF!*6.!#0,=!&#,2C0/!204.)!(!*6+*!0..4!*#!L.!&#C12*.4!+).!X!+04!PI!d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

! [DX!

!

(#0/%4.)!#2)!.N+C1,.T!Q!"!`F!`!x!Q!!B(&.4cT!@)%*.!4#@0!*6.!+)$2C.0*!%0!+!*+L,.!/2&6!+/!L.,#@!!Q)[! !!!!!!Q)A!!!(!

Q!"!`! `! Q!

! ! !

!B(&.4RT!C+>.!*6.!&#0&,2/%#0!8+,/.!!Q)[! !!!!!!Q)A!!!(!

Q!"!`! `! Q!

! ! 3!

!B(&.4 dT! *)=! *#! C+>.! *6.! 1).C%/./! *)2.! @%*6#2*! L.%0$! 8#)&.4! *#! +//%$0!L#*6!5!+04!3!*#!+0=!/%0$,.!+*#C%&!/*+*.C.0*!#)!8#)C2,+!!Q)[!!!!!!!!!!Q)A!!!!(!

Q!"!`! `! Q!

!!!!5!!!! 5! 3!

3!!!!!!5! ! !

!B(&.4 aT! %8! 8#)&.4! *#! +//%$0! +! 4%88.).0*! *)2*6]:+,2.! *#! *6.! /+C.! +*#C%&!/*+*.C.0*!#)!&#C1#204!8#)C2,+F!*6.0!*6.!+)$2C.0*!%/!:+,%4I!.

B0!*6.!&+/.!+L#:.F!@.!+).!0#*!8#)&.4!*#!C+>.!+!4%88.).0*!+//%$0C.0*!*#!+0=! #8! *6.! +*#C%&! /*+*.C.0*/I! G#F! *6.! +)$2C.0*! %/! %0:+,%4! L.&+2/.! *6.!)#@!/6#@/!6#@!*6.!1).C%/./!&+0!L.!*)2.!+04!*6.!&#0&,2/%#0!8+,/.I!m+C.,[email protected]!`!%/!*)2.!+04!Q!%/!8+,/.I!!

9N+C1,.T!Q!"!`F!Q!x!`!!Q)[! !!!!!!Q)A!!!(!

Q!"!`! Q! `!

5!!!!!!!3! 5! 3!

!!!!!3! ! !

.

! [DP!

!M.! /*+)*! L=!C+>%0$! *6.! &#0&,2/%#0! 8+,/.F! +04! %CC.4%+*.,=!C+>%0$! *6.!1).C%/./!@%*6!K2/*!YQJ!*)2.I!;/!+!&#0/.72.0&.F!@.!+).!8#)&.4!*#!+//%$0!Q!+04!`! %0! *6.!&#04%*%#0+,! *6.!:+,2./!5!+04!3!)./1.&*%:.,=I!W#@.:.)F! *6.!

4.8%0%*%#0!#8!"! 8#)!*6.!&+/.!@6.).!*6.).! %/!+! *)2.!+0*.&.4.0*!+04!8+,/.!&#0/.72.0*!%/!8+,/.I!G#F!*6.!&#04%*%#0+,!%/!8+,/.I!!!"##>%0$! &+).82,,=F! @.! &+0! /..! *6+*! #2)! +)$2C.0*! %/! #0.! %0! @6%&6! *6.!+**.C1*!*#!C+>.!*6.!1).C%/./!*)2.!#0&.!*6.!&#0&,2/%#0!6+/!L..0!C+4.!8+,/.!,.+4/!*#!+!&#0*)+4%&*%#0I!G#F!*6.!+)$2C.0*!%/!:+,%4I!!

9N+C1,.T!Q!"!`F!^-!$!`_!%!G!x!Q!!Q)[! !!!!!!!Q)A! !!!!!!!!!!!!!!!!!!!!!!!!(!!!!!!!!!!!!!!!!

Q!"!`! ^-!$!`_!%!G! Q!

3!!5!!! !!!!!!!!!!!!!!!5!5!! 3!

!!!!!!!!!5!!! !!5!!!!!5!! !

!!!B0! *6.! &+/.! +L#:.F! @.! 0..4! 0#*! .:.0! &#C12*.! .:.)=! /%0$,.! +*#C%&!/*+*.C.0*!,.**.)!*#!8%04!*6.!>.=!%0$).4%.0*/!#8!+0=!)#@!*6+*!@#2,4!L.!+0!%0:+,%4+*%0$!)#@!#8!*6.!+)$2C.0*I!M.!/*+)*!L=!C+>%0$!*6.!&#0&,2/%#0!Q!

8+,/.F! @6%&6! *6.0! 8#)&./! 2/! *#! /.*! *6.! YQJ! %0! YQ! "! `J! *#! 3F! @6%&6!

/2L/.72.0*,=!C+>./!*6.!&#04%*%#0+,!*)2.F!/%0&.!+!"!%/!+,@+=/!*)[email protected]!*6.!+0*.&.4.0*!%/!8+,/.I!m.N*F!@.!C#:.!*#!*6.!/.&#04!1).C%/.!@6%&6!%/!+!4%/K20&*%#0F! +04! /%0&.! +! 4%/K20&*%#0! %/! *)2.! K2/*! %0! &+/.! +*! ,.+/*! #0.!4%/K20&*!%/!*)2.F!@.!&+0!/%C1,=!&6##/.!*#!C+>.!G!*)2.F!/%0&.!*6+*!4#./!0#*!8#)&.!2/!*#!4.*.)C%0.!+0=!#*6.)!/*+*.C.0*I!G#F!*6.!+)$2C.0*!%/!%0:+,%4I!!;,*6#2$6! *6.! /6#)*! *+L,./! +L#:.! @.).! ).,+*%:.,=! /%C1,.F! *6%/! %/! 0#*!+,@+=/!*6.!&+/.I!G#C.*%C./F!#0.!0..4/!*#!C+>.!C2,*%1,.!)#@/!%0!#)4.)!*#!4.*.)C%0.!@6.*6.)!+0!+)$2C.0*!%/!%0:+,%4!:%+!*6.!/6#)*!C.*6#4I!!

9N+C1,.T!Q!"!`F!`!"!-F!¬G!%!?!x!?!$!Q!!56.!+)$2C.0*!+L#:.!6+/!X!1).C%/./F!+04!R!+*#C%&!/*+*.C.0*!,.**.)/F!QF!`F! -F! GF! +04! 5I! B8! @.! @.).! *#! C+>.! +! &#C1,.*.! *)2*6]*+L,.! 8#)! *6.!+)$2C.0*! @.! @#2,4! 0..4! [Ak! )#@/! *#! &#:.)! +,,! *6.! 1#//%L,.!&#CL%0+*%#0/! #8! *)2*6]:+,2./! *#! +*#C%&! /*+*.C.0*! ,.**.)/I! G#! *6.!/6#)*&2*!C.*6#4!%/!*6.!@+=!*#!$#T!

! [DR!

Q)[!!!!!!!!!!!Q)A!!!!!!!!!!Q)X!!!!!!!!!!!!!!(!

Q!"!`! `!"!-! ¬G!%!?! ?!$!Q!

! ! ! !!!!3!!!

4

B(&.4cT!C+>.!*6.!&#0&,2/%#0!8+,/.I!W#@.:.)F!/%0&.!*6.).!+).!*6)..!@+=/!+!&#0K20&*%#0!&+0!L.!8+,/.F!@.!0..4!*6)..!)#@/F!0#*! K2/*!#0.I!9+&6!#8!*6.!)#@/!@%,,!L.!+!4%/*)%L2*%#0!#8! *)2*6]:+,2./! *6+*! ).04.)/! *6.! &#0&,2/%#0!8+,/.I!O0.!@6.).!L#*6!&#0K20&*/!+).! 8+,/.F!#0.!@6.).!?!{!3F!+04!Q!{!5F!+04!#0.!@6.).!?!{!5F!+04!Q!{!3I!!B(&.4RT!(#C12*.!*6.!)#@/!+**.C1*%0$!*#!C+>.!*6.!1).C%/./!*)2.!@%*6#2*!+//%$0%0$!L#*6!5!+04!3!*#!*6.!/+C.!+*#C%&!/*+*.C.0*I!!!!!!!!Q)[!!!!!!!!!!!!!!!!!!!!!!!!!Q)A!!!!!!!!!!Q)X!!!!!!!!!!!!!!!!!(!

D! Q!"!`! `!"!-! ¬G!%!?! !!!!!?!$!Q!

[! 3!!5!!3! !3!!5! !53!5!3!! !!!!!!3!3!3!!!

A! 3!!5!!3! !3!!5! !!!!!!!5!5!! !!!!!!5!3!3!

X! 5!!5!!5! !5!!5!!5! !5!3!5!3! !!!!!!3!3!5!

!B0!)#@![!L=!C+>%0$!L#*6!?!{!3!+04!Q!{!3F!@.!+).!8#)&.4!*#!C+>.!?!%0!*6.!

*6%)4!1).C%/.!8+,/.F!+04!Q!%0!*6.!8%)/*!1).C%/.!8+,/.I!G%0&.!+!"!%/!*)2.!+0=!*%C.!*6.!+0*.&.4.0*! %/! 8+,/.F!1).C%/.![! %/!+,).+4=!).04.).4!*)2.l!/#!@.!&+0!+//%$0!+0=*6%0$!*#!`!%0!*6.!8%)/*!1).C%/.I!56%0>%0$!+6.+4!+L#2*!*6.!/.&#04! 1).C%/.F! %*! %/! @%/.! *#! +//%$0! 3! *#! `! %0! *6.! 8%)/*! +04! /.&#04!

1).C%/.! L.&+2/.! +! "! %/! +,/#! *)2.! @6.0! L#*6! *6.! +0*.&.4.0*! +04!&#0/.72.0*! +).! 8+,/.F! +,,#@%0$! 1).C%/.! [! *#! ).C+%0! *)2.l! L2*! +,/#!+,,#@%0$!1).C%/.!A!*#!L.!*)2.F!/%0&.!`!%/!*6.!+0*.&.4.0*!#8!%*I!Q).C%/.!X!C2/*! 0#@! L.! C+4.! *)2.! /%0&.! ?! %/! 8+,/.I! 56.! #*6.)! C+K#)! 8#)C2,+! #8!

1).C%/.!X!6+/!*#!L.!C+4.!*)2.!*#!C+>.!*6.!%!*)2.I!G%0&.!*6.!#*6.)!C+K#)!

8#)C2,+! %/! +!¬F! *6.! /*+*.C.0*! ,.**.)!0..4/! *#!L.!+//%$0.4!3F! G!{!3F! +04!

*62/!¬G!{!5I!m#@!+,,!*6.!1).C%/./!+).!*)2.!+04!*6.!&#0&,2/%#0!8+,/.I!-#@!A!%/!C2&6!*6.!/+C.!+/!)#@![I!!W#@.:.)F!,.*!2/!,##>!+*!)#@!XI!B0!)#@!XF!*6.!&#0&,2/%#0!%/!C+4.!8+,/.!L=!+//%$0%0$! 8+,/.! *#!?! +04! *)2.! *#!QI!;/! +! &#0/.72.0&.F!@.! +).! 8#)&.4! *#!

+//%$0! *)2.! *#!Q! %0!1).C%/.![F!+04!/%0&.!+!"!@%*6!+! *)2.!+0*.&.4.0*! %/!*)2.!#0,[email protected]!*6.!&#0/.72.0*! %/! *)2.!+/!@.,,F!@.!+).! 8#)&.4!*#!+//%$0!8+,/.!*#!`F!).04.)%0$!`!*)2.I!G%0&.!`! %/! *)2.F!+04!`! %/! *6.!+0*.&.4.0*!#8!

! [DE!

1).C%/.! AF!@.!C2/*!C+>.! -! *)2.! +/!@.,,! %0! #)4.)! *#!C+>.! 1).C%/.! A!

*)2.I!G%0&.F!?!{!3!%0!1).C%/.!XF!*6.!&#C1#204!8#)C2,+!¬G!C2/*!L.!C+4.!*)2.F!@6%&6!).72%)./!C+>%0$!G!8+,/.I!!!!!;,,! *6)..! )#@/! *2)0! #2*! *#! L.! )#@/! *6+*! %0:+,%4+*.! *6.! +)$2C.0*l! *6.!%C1#)*+0*!*6%0$!*#!0#*.!%/!*6+*!#0.!C2/*!).&#$0%\.!*6+*!*6%/!C%$6*!0#*!L.!*6.!&+/.T!!

9N+C1,.T!Q!"!-F!`!"!GF!Q!%!`!x!-!$!G!!!!!!!Q)[!!!!!!!!!!!!!Q)A!!!!!!!!!!Q)X!!!!!!!!!!!!!(!

D! Q!"!-! `!"!G! Q!%!`! -!$!G!

[! 3!!5!!3! 3!!5!!3! 3!!5!3! !3!3!3!!!

A! 5!!5!!5!! 3!!5!!3! 5!!5!3! !5!3!3!

X! 3!!!5!!3! !5!5!!5! 3!!5!3! !3!3!5!

!B(&.4cT!C+>.!*6.!&#0&,2/%#0!8+,/.!@%*6!+!)#@!8#)!.+&6!@+=!%*!&+0!L.!8+,/.I!!B0! *6.! &+/.! +L#:.F! *6.! 8#,,#@%0$! 6+11.0/! +*! )#@! [I! 56.! &#0&,2/%#0! %/!C+4.!8+,/.!L.&+2/.!-!{!3F!+04!G!{!3I!56%/!+//%$0C.0*!8#)&./!2/!*#!C+>.!*6.! &#0/.72.0*! #8! 1).C%/.! [! 8+,/.F! @6%&6! 8#)&./! 2/! *#! C+>.! *6.!

+0*.&.4.0*!*)2.F!/%0&.!+!"!@%*6!+!*)2.!&#0/.72.0*!%/!#0,=!*)[email protected]!*6.!+0*.&.4.0*!%/!*)2.!+/!@.,,I!B0!1).C%/.!AF!@.!+).!8#)&.4!L=!*6.!8+&*!*6+*!G!{!3! %0! *6.!&#0&,2/%#0! *#!C+>.! *6.!&#0/.72.0*! 8+,/.F!@6%&6! 8#)&./!2/! *#!C+>.!`!8+,/.!+/!@.,,F!8#)!*6.!/+C.!).+/#0!+/!1).C%/.!AI!M%*6!`!{!3!+04!Q!{!3F!*6#2$6F!*6.).!%/!0#!@+=!*#!C+>.!1).C%/.!X!*)2.I!;!4%/K20&*%#0!%/!*)[email protected]!+*!,.+/*!#0.!4%/K20&*!%/!*)2.I!G#!)#@![!@%*6!-!{!3!+04!G!{!3F!&+00#*!L.! *6.! %0:+,%4+*%0$! )#@F! /%0&.! %*! ,.+4/! *#! +0! +**.C1*! *#! C+>.! +!4%/K20&*%#0!*)2.!@%*6!8+,/.!4%/K20&*/F!@6%&6!%/!%C1#//%L,.I!!W#@.:.)F! )#@/!A!+04!X!+).!1)#8%*+L,.I! B0! )#@!A! *6.!&#0&,2/%#0! %/! 8+,/.!L.&+2/.!-!{!5!+04!G!{!3I!;/!+!&#0/.72.0&.F!@.!+).!8#)&.4!*#!+//%$0!`!{!3!

%0!1).C%/.!A!*#!C+>.!*6.!"!*)2.I!G%0&.!-!{!5!%0!1).C%/.![!@.!6+:.!*@#!#1*%#0/F!/%0&.!+!&#04%*%#0+,!@%*6!+!*)2.!&#0/.72.0*! %/!*)2.! %8!.%*6.)!*6.!+0*.&.4.0*!%/!*)2.!#)!8+,/.I!56%0>%0$!+6.+4F!%*!%/!/C+)*!*#!&6##/.!*#!C+>.!

Q!{!5!%0!1).C%/.![F!/#!*6+*!%0!1).C%/.!X!@.!$.*!+!*)2.!%I!G%0&.!1).C%/.!X!+,).+4=!6+/!`!{!3F!@.!0..4!*#!C+>.!Q!{!5!*#!$.*!*6.!1).C%/.!*)2.I!562/F!)#@!A!/6#@/!*6+*!*6.!+)$2C.0*!%/!%0:+,%4I!!!

! [DS!

QXC. T%,/,4%$!!!M6.0! 2/%0$! *6.! /6#)*&2*! C.*6#4! 8#)! 4.*.)C%0%0$! :+,%4%*=! %*! %/!&2/*#C+)=! %0! *6.! &+/.!@6.).! *6.! +)$2C.0*! %/! %0:+,%4! *#! /1.&%8=! +! )#@!*6+*! /6#@/! *6.! %0:+,%4%*=! L=! *6.! 8#,,#@%0$! C.*6#4T! O0&.! 4#0.!&#C12*%0$!+!)#@F!2/.!*6.!0#*+*%#0!?^N_!{!!5F!#)!?^N_!{!3I!Y?^N_J!C.+0/!*6.!:+,2.!#8!NF!@6.).!N!%/!+!@88I!B0!*6.!&+/.!#8!$%:%0$!=#2)!+0/@.)!?^N_!/6#2,4!+,@+=/! L.! +11,%.4! *#! +0! +*#C%&! /*+*.C.0*! ,.**.)I! G#F! %0! *6.! .N+C1,.!+L#:.!*6.!%0:+,%4+*%0$!)#@!A!%/!).1)./.0*.4!+/T!?^Q_!{!5F!?^-_!{!5F!?^G_!{!3F!?^`_!{!3I!!QXE. A$)42(",P,/;'(-.<%2.)(,(2+4$4$*.'%*4"/'.-,/,1-.

.

;,*6#2$6!*6.!/6#)*&2*!C.*6#4! %/!.+/%,=!.N1,+%0.4! %0! *6.!&+/.!#8! *./*%0$!8#)!:+,%4%*=F!%*!&+0!+,/#!L.!2/.4!*#!4.*.)C%0.!#*6.)!1%.&./!#8!%08#)C+*%#0I!B0! 1+)*%&2,+)F! *6.! /6#)*! &2*! C.*6#4! &+0! +,/#! L.! 2/.4! *#! 4.*.)C%0.!@6.*6.)! +! $)#21! #8! 1)#1#/%*%#0/! %/! /+*%/8%+L,.I! G+*%/8%+L%,%*=! +,/#!&#))./1#04/! *#! *6.! 0#*%#0! #8! &#0/%/*.0&=I! ;! $)#21! #8! /*+*.C.0*/! +).!&#0/%/*.0*[email protected]!*6.=!&+0!L.!*)2.!*#$.*6.)I!H0/+*%/8%+L%,%*=!&#))./1#04/!*#! *6.! 0#*%#0! #8! %0&#0/%/*.0&=I! ;! $)#21! #8! 1)#1#/%*%#0/! *6+*! +).!%0&#0/%/*.0*!&+00#*!L.!*)2.!*#$.*6.)I!!!B0!#)4.)!*#!*./*!@6.*6.)!+!$)#21!#8!1)#1#/%*%#0/!%/!&#0/%/*.0*!2/%0$!*6.!/6#)*&2*!C.*6#4F!#0.!/%C1,=!+**.C1*/!*#!C+>.!*6.!.0*%).!/.*!#8!8#)C2,+/!*)2.!@%*6#2*!+//%$0%0$!+0=!8#)C2,+!L#*6!*6.!*)2*6]:+,2./!5!+04!3I!!B(&.4cT!12*!+!5!204.)!*6.!C+%0!&#00.&*%:.!#8!.:.)=!8#)C2,+!*#!L.!*./*.4I!!B(&.4RT!+**.C1*!*#!8%04!+!4%/*)%L2*%#0!#8!*)2*6]:+,2./!*6+*!C+%0*+%0/!*6.!*)2*6!#8!*6.!8#)C2,+/I!!

9N+C1,.T!Q!"!`F!¬Q!%!`!!!!!!!!!!!!!!!!

Q!"!`! ¬Q!%!`!!

!!!!5!!! !!!!!!5!!!!

3!!!!!!3! 5!!!!!!!3!

!!!

! [Dk!

9N+C1,.T!Q!"!`F!Q!$!¬`!!

Q!"!`! Q!$!¬`!!

!!!!5!!!! !!!5!

5!!!!!!3! 5!!!!!!53!!

!!!!3! !

!B0! *6%/!&+/.F!/%0&.! %*!&+00#*!L.!4#0.!@.! 8%04! *6+*! *6.! *@#! 8#)C2,+/!+).!0#*!/+*%/8%+L,.I!U.&+2/.!*6.).!%/!#0,=!#0.!@+=!*6+*!+!&#0K20&*%#0!&+0!L.!

*)2.!%*!%/!L./*!*#!/*+)*!L=!/.**%0$!?^Q_!{!5!+04!?^`_!{!3F!/#!*6+*!?^¬`_!{!5F!

+04!?^Q!$!¬`_!{!5I!W#@.:.)F!#0&.!*6+*!%/!4#0.!@.!%CC.4%+*.,=!/..!*6+*!!!!!!!!

?^Q!"!`_!{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

9N+C1,.T!Q!!"!¬`F!Q!%!`!!

D! Q!"!¬`! Q!%!`!

[! 5!3!!!3!5! 5!5!5!

!m#*%&.!#0!)#@![!@6.).!L#*6!?^Q_!{!5!+04!*6.!?^`_!{!5F!*6.!&#04%*%#0+,!%/!8+,/.!+04!*6.!4%/K20&*%#0!%/!*)2.I!;*!*6%/!/*+$.!#0.!C+=!0#*!&#0&,24.!*6+*!*6.!*@#!8#)C2,+/!+).!/+*%/8%+L,.F!/%0&.!*6%/!)#@!#0,=!/6#@/!*6+*!#0!#0.!4%/*)%L2*%#0!#8!*)2*6]:+,2./!*6.!*@#!8#)C2,+/!4#!0#*!&#C.!#2*!L#*6!*)2.I!G#F!#0.!C2/*!&#0*%02.!#0!*#!+0#*6.)!4%/*)%L2*%#0!#8!*)2*6!:+,2./I!!

D! Q!"!¬`! Q!%!`!

[! 5!3!!!3!5! 5!5!5!

A! 5!5!!!5!3! 3!5!3!

X! 3!5!!!5!3!!!!! 3!3!3!

!!

! [Dj!

O0! )#@!A!@.! /..! *6+*! *6.! *@#! 8#)C2,+/! &+0! L#*6! L.! *)2.! +*! *6.! /+C.!*%C.I!M6.0!?^Q_!{!5!+04!?^`_!{!3!L#*6! 8#)C2,+/!+).! *)2.I!W#@.:.)F! %8!@.!6+4!4#0.!)#@!X!1)%#)! *#!)#@!A!@.!@#2,4!6+:.!4%/&#:.).4!+0#*6.)!)#@!@6.).!L#*6!8#)C2,+/!+).!0#*!*)2.I!M6.0!?^Q_!{!3!+04!?^`_!{!3F!*6.!&#04%*%#0+,!%/!*)2.F!L2*!*6.!4%/K20&*%#0!%/!8+,/.I!!!B0!#)4.)! 8#)!+!/.*!#8! 8#)C2,+/! *#!L.!/+*%/8%+L,.! %*!C2/*!L.! *6.!&+/.! *6+*!*6.).!%/!+*!,.+/*!#0.!)#@!@6.).!+,,!*6.!8#)C2,+/!+).!*)2.I!G#[email protected]!#0.!%/!2/%0$!*6.!/6#)*]&2*!C.*6#4!#0.!&+00#*!&#0&,24.!%0!+!&+/.!@6.).!*6.).!+).! C2,*%1,.! @+=/! %0! @6%&6! *6.! 8#)C2,+/! &+0! L.! *)2.F! *6+*! *6.! /.*! %/!20/+*%/8%+L,[email protected]! *6.=! ).+&6! +! )#@!@6.).! /#C.! 8#)C2,+! %/! *)2.! +04!+0#*6.)!8#)C2,+!%/!8+,/.I!!!QXI. 01++/2B.%<.,(-,-.H4/.4$)42(",.M2%"()12(=.

.

:(-,. L2%"()12(. 6(-1',-.

G+*%/8%+L%,%*=x!(#0/%/*.0&=!

Q,+&.!+!5!204.)!*6.!C+%0!&#00.&*%:.!#8!.+&6!#8!*6.!8#)C2,+/I!

B8!*6.).!%/!+*!,.+/*!#0.!)#@!@6.).!.:.)=!8#)C2,+!6+/!+!5!204.)!%*F!*6.0!*6.!/.*!#8!8#)C2,+/!%/!/+*%/8%+L,.I!!

?+,%4%*=! Q,+&.!+!5!204.)!.:.)=!1).C%/.F!+04!3!204.)!*6.!&#0&,2/%#0I!

B8!*6.).!%/!#0.!)#@!@6.).!*6.!1).C%/./!+).!*)2.F!+04!*6.!&#0&,2/%#0!%/!8+,/.F!*6.0!*6.!+)$2C.0*!%/!%0:+,%4I!

!!!.

57/M,(2.R. .

! [[D!

:21,7P:2((.!$/'B-4-..

RX?. F%1$)/,4%$-.

!;/! @.! /+@! %0! *6.! 1).:%#2/! /.&*%#0F! *6.! /6#)*&2*! C.*6#4! %/! %0! 1+)*!C#*%:+*.4! L=! *6.! 8+&*! *6+*! C+>%0$! +! &#C1,.*.! *)2*6]*+L,.! 8#)! +0!+)$2C.0*! %/! %0.88%&%.0*I! B8! +0! +)$2C.0*! 6+/! C#).! *6+0! E! +*#C%&!/*+*.C.0*! ,.**.)/! %*!@%,,!0..4!+*! ,.+/*![Ak!)#@/! 8#)!+!&#C1,.*.! *+L,.I!k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a*)2*6]*)../c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

! [[[!

9N+C1,.T!Q!"!`F!`!"!G!x!Q!"!G!!

! ! ! !! Q!"!`!

! ! ! ! `!"!G!

! ! ! !!!!!!!¬^Q!"!G_!!56.!,&)*'84,(&.!%0:#,:./!+11,=%0$!*6.!)2,./!8#)!*)2*6]*)..!.:+,2+*%#0!+04!&#0/*)2&*%#0I! 56.! )2,./! +).! 1)#&.42)./! 8#)! L).+>%0$! 4#@0! &#C1#204!8#)C2,+/!%0*#!*6.%)!/2L1+)*/!.%*6.)!+/!*6.!/2L1+)*!%*/.,8!#)!+/!+!0.$+*%#0!#8! %*I! B0! *6.! )2,./!L.,#@F!!! +04!!!@#)>! ,%>.!1)#1#/%*%#0+,! :+)%+L,./!.!+04! HI! 56.=! /*+04! 8#)! +! 8#)C! #8! +! @.,,! 8#)C.4! 8#)C2,+! K2/*! +/! *6.!,#@.)&+/.! ,.**.)/! #8! *6.! C.*+],+0$2+$.! #8! Q"! +&*! +/! :+)%+L,./l! 8#)!.N+C1,.F!!!&+0!/*+04!8#)!+!/*+*.C.0*!,.**.)!/2&6!+/!Q!%0!#0.!+)$2C.0*!

+04! 8#)! Q!"! `! %0! +0#*6.)! +)$2C.0*I! 56.! #0,=! )2,.! %/! *6+*! *6.=! C2/*!/*+04! 8#)! *6.! /+C.! *6%0$! %0! +0=! /%0$,.! +)$2C.0*I! 56.!C+)>!!! 1,+&.4!0.N*! *#! +! 8#)C2,+! %/! 2/.4! *#! /%$0%8=! *6+*! #0.! 6+/! L)#>.0! 4#@0! *6.!8#)C2,+I!!!O0.!/6#2,4!+11,=!)2,./!*#!*6.!1).C%/./!+04!*#!&#C1,.N!8#)C2,+/!20*%,!+,,!8#)C2,+/! +).! L)#>.0! 4#@0! %0*#! .%*6.)! +*#C%&! /*+*.C.0*! ,.**.)/! #)! *6.!0.$+*%#0!#8!+0!+*#C%&!/*+*.C.0*! ,.**.)I!;! *)..! %/!L+/%&+,,=!+!4%+$)+C!#8!6#@! &#CL%0+*%#0/! #8! *)2*6! +04! 8+,/%*=! &+0! L.! +11,%.4! *#! *6.! +*#C%&!/*+*.C.0*!,.**.)/I!!RXC. 61'(-.<%2.,21,7P,2((."%$-,21",4%$.

![I!;0=!*%C.!+!8#)C2,+!#&&2)/!%0!+!*)..!+04!*6.!0.$+*%#0!#8!*6.!8#)C2,+!^%8!*6.!8#)C2,+!%/!+!0.$+*%#0F!*6.0!%*/!+88%)C+*%#0_!+*!/#C.!,%0.!L.,#@!%*!#0!+!&#00.&*.4! L)+0&6F! #0.! 1,+&./! +0! y! 204.)0.+*6! *6.! 8#)C2,+F! /%$0%8=%0$!*6+*!*6.!L)+0&6!%/!&,#/.4I!!!!!!

¬!!!!y!!!AI!;!8#)C2,+!@%*6!*@#!0.$+*%#0/!+11,=%0$!4%).&*,=!*#!%*!&+0!L.!).1,+&.4!#0!+!,%0.!L=!*6.!8#)C2,+!%*/.,8I!!

! [[A!

¬¬!!!!!!!!!XI! ;! 0.$+*.4! &#04%*%#0+,! %/! L)#>.0! 4#@0! %0*#! +! /%0$,.! *)20>!@%*6! *6.!+88%)C+*%#0! #8! *6.! +0*.&.4.0*! 8#,,#@.4! L=! *6.! 0.$+*%#0! #8! *6.!&#0/.72.0*I!!

!¬!^!!"!!_!! !!

!!!!!!!¬!!!!PI! ;! &#04%*%#0+,! %/! L)#>.0! 4#@0! %0*#! *@#! /.1+)+*.! *)20>/F! #0.! *)20>!@%*6!*6.!0.$+*%#0!#8!*6.!+0*.&.4.0*F!+04!#0.!@%*6!*6.!+88%)C+*%#0!#8!*6.!&#0/.72.0*I!!

!^!!"!!_!!

!!¬!!!!!!!!!!!RI!;!&#0K20&*%#0!%/!L)#>.0!4#@0!%0*#!+!/%0$,.!*)20>!@%*6!*6.!+88%)C+*%#0!#8!L#*6!&#0K20&*/!/*+&>.4I!!!

!^!!$!!_!!!!!!!!!!!!!!!!!!!!!!!!EI! ;! 4%/K20&*%#0! %/! L)#>.0! 4#@0! %0*#! *@#! *)20>/F! #0.! *)20>! 8#)! .+&6!4%/K20&*I!!

!^!!%!!_!! !!

!!!!!!SI!;!L%&#04%*%#0+,! %/!L)#>.0!4#@0! %0*#! *@#!*)20>/F!#0.! *)20>!6+/!L#*6!*6.! +88%)C+*%#0! #8! *6.! +0*.&.4.0*! +04! *6.! &#0/.72.0*F! +04! *6.! /.&#04!*)20>!6+/!*6.!0.$+*%#0!#8!L#*6!*6.!+0*.&.4.0*!+04!&#0/.72.0*I!

! [[X!

!

!^!!#!!_!

! ¬!!

! ¬!!!kI! ;! 0.$+*.4! &#0K20&*%#0! %/! L)#>.0! 4#@0! %0*#! *@#! *)20>/l! .+&6! *)20>!6+/!+!0.$+*%#0!#8!#0.!#8!*6.!&#0K20&*/I!!!

!¬^!!$!!_!

!!!¬!!!!!¬!!!jI!;!0.$+*.4!4%/K20&*%#0! %/!L)#>.0!4#@0! %0*#!+! /%0$,.! *)20>!@%*6!.+&6!4%/K20&*!0.$+*.4I!!

!¬^!!%!!_!

!!!!!!!!!¬!!

!!!!!!!!!¬!!![DI!;!0.$+*.4!L%&#04%*%#0+,!%/!L)#>.0!4#@0!%0*#!*@#!*)20>/F!#0.!*)20>!&#0*+%0/! *6.! 0.$+*%#0! #8! *6.! +0*.&.4.0*F! +04! *6.! +88%)C+*%#0! #8! *6.!&#0/.72.0*F!*6.!#*6.)!*)20>!&#0*+%0/!*6.!+88%)C+*%#0!#8!*6.!+0*.&.4.0*F!+04!*6.!0.$+*%#0!#8!*6.!&#0/.72.0*I!!

!¬^!!#!!_!

¬!!!!!!!!!!!!

! ¬!!!!!!!!!!!!!!

9N+C1,.T!^Q!"!`_F!^`!"!G_!x!^Q!"!G_!!

! [[P!

! [I! ! !!!!!!!!^Q!"!`_!

! AI! ! !!!!!!!!^`!"!G_!

! XI! ! !!!!!!!¬^Q!"!G_!! PI! ! ! !!!!!Q!

! RI! ! ! !!¬G!

! EI! ! ¬Q! ! ! `!

! SI! ! !!y! ! ¬`! ! G!! kI! ! ! ! !!y! ! y!!B(&.4c! #8! *)..! &#0/*)2&*%#0! ).72%)./!2/! *#!0.$+*.! *6.! &#0&,2/%#0I! G%0&.!!!!!!!

^Q!"!G_!%/!*6.!&#0&,2/%#0!@.!@)%*.!4#@0!¬^Q!"!G_F!+04!*#!L).+>!%*!4#@0!

82)*6.)!@.!+11,=!*6.!)2,.!8#)!¬^!!"!!_F!@6%&6!$%:./!2/!,%0./!P!+04!RI!

m#@!@.!C2/*!L).+>!4#@0!#2)!*@#!1).C%/./I!G*+)*%0$!@%*6!^Q!"!`_!@.!

+11,=!*6.!)2,.!8#)!!!"!!F!+04!$.*!,%0.!EI!G%0&.!¬Q!%/!*6.!0.$+*%#0!#8!QF!+04!Q! %/!+L#:.! %*F!@.!&,#/.!*6.!L)+0&6!@%*6!+0!y!L=!+11,=%0$!)2,.![I!;*!

,%0.!S!@.!+,/#!#1.0!21!*6.!/.&#04!1).C%/.!^`!"!G_!L=!+11,=%0$!*6.!)2,.!

8#)!!!"!!I!;*!,%0.!k!@.!1,+&.!+0!y!204.)!L#*6!¬`!+04!G!L.&+2/.!.+&6!6+/! +L#:.! %*! *6.%)! 0.$+*%#0I! G%0&.! .:.)=! L)+0&6! #8! *6.! *)..! 6+/! +0! y!204.)!%*F!*6.!+)$2C.0*!%/!:+,%4I!!!!!!!!!!!!!!!!!!

9N+C1,.T!^Q!"!`_F!^-!"!`_F!^Q!%!-_!x!^`!"!G_!!

! [[R!

[I! ! ! ! !!!^Q!"!`_!!

AI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^-!"!`_!!

XI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^Q!%!-_!

PI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!¬^`!"!G_!RI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!`!

EI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!¬G!SI! ! ! ! Q! ! ! ! -!

kI! ! ! ¬Q! ! `! ! ¬-! ! `!jI! ! ! !!y! ! ! ! !!y!!!!!!!!!!!4

B(&.4c!#8!*)..!&#0/*)2&*%#0!*.,,/!2/!*#!0.$+*.!*6.!&#0&,2/%#0!^`!"!G_I!56.!

0.$+*.4!&#04%*%#0+,!¬^`!"!G_!+,,#@/!2/!*#!+11,=!*6.!)2,.!¬^!!"!!_!*#!$%:.!2/! ,%0./!R!+04!EI! G*+)*%0$!+*! ,%0.!S!@.!&+0!L).+>!4#@0!+0=!#8! *6.!

1).C%/./! @.! @+0*! *#I! 56%0>%0$! +6.+4! L).+>%0$! 4#@0! ^Q! %! -_! 8%)/*! %/!@%/.F! /%0&.! %*! /*+)*/! *@#! *)20>/!.+&6!@%*6! *6.!+0*.&.4.0*!#8!#0.!#8! *6.!#*6.)! 1).C%/./I! ;*! ,%0.! k! @.! L).+>! 4#@0! *6.! #*6.)! *@#! 1).C%/./! L=!

2/%0$!*6.!)2,.!8#)!*6.!&#04%*%#0+,I!;*!,%0.!j!@.!1,+&.!+0!y!204.)!¬Q!+04!

¬-F!/%0&.!Q!+04!-!+).!+L#:.!*6.CI!56.).!+).!0#!C#).!1).C%/./!*#!L).+>!4#@0F!#)!)2,./!*#!+11,=!*#!&#C1#204!8#)C2,+/l!/#F!/%0&.!*@#!L)+0&6./!+).!#1.0!*6.!+)$2C.0*!%/!%0:+,%4I!!&

<.2*&1+2*,2-#$%&'(&;+$$&AB.#".02'*&.*3&4'*%0+",02'*.

!7/4&2&"543"!')04*/4!4("&&4)+*,&,F4(0&4!"#$%&'(4-,42!+-8I!!7/4!(4+&!,(4*'&43"!')04*/4!4("&&4-,4*.&'F4(0&'4(0&4!"#$%&'(4-,4-'2!+-8O4

4

>+<!5,4 3"&!64 8*<'4 ."&%-,&,4 <-(04 ,-'#+&4 ("$'64 )*',("$)(-*'4 ."-*"4 (*4

3"&!6-'#48*<'4."&%-,&,4<-(04%$+(-.+&4 ("$'64)*',("$)(-*'e4 )#0K20&*%#0/F!0.$+*.4!4%/K20&*%#0/F!+04!0.$+*.4!&#04%*%#0+,/!&#C.!8%)/*I!4

!!!!!

9N+C1,.T!^-!#!G_F!^-!"!`_F!^`!$!Q_!x!^Q!$!G_!!

! [[E!

[I! ! ! ! !!!!!!!!!!^-!#!G_!

AI!!! ! ! ! !!!!!!!!!!^-!"!`_!

XI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^`!$!Q_!

PI! ! ! ! !!!!!!!!!¬^Q!$!G_!!RI! ! ! ! ! !!!!!!`!!EI! ! ! ! ! !!!!!!Q!

SI!! ! ! ¬Q! ! ! ! ! ¬G! !!! !

kI! ! ! !!y! ! ! ! ¬-! ! !!¬`!

jI! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!-!!!!!!!!!!!!!!!!!!!!!¬-!!!!!!!!!!y!

[DI! ! ! ! ! !!!!!!!!!!!G!!!!!!!!!!!!!!!!!!!!!!¬G![[I! ! ! ! ! ! y!!56.! +)$2C.0*! +L#:.! %/! %0:+,%4! L.&+2/.! +*! ,%0.! [[! *6.).! %/! +0! #1.0!

L)+0&6!204.)!¬GI!B0!*6%/!&+/.!*6.!&#0&,2/%#0!@+/!0#*!*6.!8%)/*! ,%0.!*6+*!@+/!L)#>.0!4#@0I!-+*6.)F!,%0.!X!@+/!L)#>.0!4#@0!8%)/*!L.&+2/.!%*!%/!*6.!#0,=!8#)C2,+!@%*6!+!/%0$,.!*)20>!L).+>!4#@0I!B0!,%0.!S!*6.!&#0&,2/%#0!%/!L)#>.0! 4#@0I! B*! ,.+4/! *#! *6.! %CC.4%+*.! &,#/%0$! #8! +! L)+0&6! %0! ,%0.! kI!

G#C.! #8! *6.! L)+0&6./! 204.)! ¬G! &,#/.! @6.0! *6.! /.&#04! +04! 8%)/*!1).C%/./!+).!L)#>.0!4#@0!/.72.0*%+,,=I!!!B*!%/!+,/#!%C1#)*+0*!*#!0#*.!*6+*!L.&+2/.!*6.).!+).!:+)%#2/!@+=/!*#!L).+>!4#@0!+0!+)$2C.0*F!4.1.04%0$!#0!*6.!#)4.)! %0!@6%&6!*6.!1).C%/./!+).!L)#>.0!4#@0F!+0!+)$2C.0*!C+=!6+:.!C#).!*6+0!#0.!*)..I!W#@.:.)F!%8!+0!+)$2C.0*!%/!:+,%4!204.)!#0.!*)..!%*!&+00#*!L.!%0:+,%4!204.)!+0#*6.)!*)..I!;04! %8! +0!+)$2C.0*! %/! %0:+,%4!204.)!#0.! *)..F! %*! &+00#*!L.!:+,%4!204.)!+0#*6.)!*)..I!!!!!!!!!!!

9N+C1,.T!^Q!"!`_F!^¬`!%!-!_x!^Q!"!-_!! ! ! !!

! [[S!

Q)##8!;!

[I! ! ! ! ^Q!"!`_!

AI! ! ! ! ^¬`!%!-_!

XI! ! ! ! ¬^Q!"!-_!PI! ! ! ! !!!!!!!!Q!

RI! ! ! ! !!!!!!¬-!

EI! ! ! ¬`! ! ! ! -!

SI! ! ¬Q! ! !!`! ! ! y!kI! ! !y! ! !!y! !!Q)##8!U!!

[I! ! ! ! ^Q!"!`_!

AI! ! ! ! ^¬`!%!-_!

XI! ! ! ! ¬^Q!"!-_!PI! ! ! ! !!!!!!!!Q!

RI! ! ! ! !!!!!!¬-!

EI! ! ! ¬Q! ! ! ! `!

SI! ! ! !!y! ! ! ¬`! ! -!kI! ! ! ! ! ! !!y! !!!!!!!!!!!!y!!U#*6!1)##8!;!+04!U!/6#@!*6.!+)$2C.0*!*#!L.!:+,%4!L.&+2/.!+,,!L)+0&6./!&,#/.I!56.!4%88.).0&.!L.*@..0!;!+04!U!#&&2)!+*!,%0./!+8*.)!RI!B0!1)##8!;!1).C%/.!A!%/!L)#>.0!4#@0!8%)/*!%0!,%0.!EI!B0!1)##8!UF!1).C%/.![!%/!L)#>.0!4#@0!8%)/*!%0!,%0.!EI!!!56.! )2,./! $%:.0! /#! 8+)! 4#! 0#*! &#:.)! 6#@! *#! L).+>! 4#@0! 8#)C2,+/!%0:#,:%0$! #0,=! 4%/K20&*%#0! #)! &#0K20&*%#0! +,#0.F! @%*6! #)! @%*6#2*!0.$+*%#0I!!!3#)!.N+C1,.F!@.!4#!0#*!6+:.!)2,./!8#)!

^Q!$!`!$!-!$!G_F!^¬G!%!¬5!%!¬?_F!#)!¬^Q!$!`!$!-_I!!!56./.!&+/./!&#0&.)0!C2,*%1,.!&#0K20&*%#0/F!4%/K20&*%#0/F!+04!0.$+*%#0/!#8!C2,*%1,.!&#0K20&*%#0/!#)!4%/K20&*%#0/I!!![[I! ;! &#0K20&*%#0! #8! C2,*%1,.! &#0K20&*/! %/! L)#>.0! 4#@0! %0*#! +! /%0$,.!*)20>!&#0*+%0%0$!+,,!*6.!&#0K20&*/I!

! [[k!

!

!^!!$!!!$!"_!! !!!!! !!!!! !!"!![AI!;!4%/K20&*%#0!#8!C2,*%1,.!4%/K20&*/!%/!L)#>.0!4#@0!%0*#!0]*)20>/F!#0.!8#)!.+&6!#8!*6.!0]4%/K20&*I!!!

!^!!%!!!%!"_!!!!!!!!!!!!!!!!"!!![XI!;!0.$+*%#0!#8!C2,*%1,.!&#0K20&*/!%/!L)#>.0!4#@0!%0*#!0]*)20>/F!.+&6!*)20>!L.%0$!*6.!0.$+*%#0!#8!#0.!#8!*6.!0]&#0K20&*/I!!!

!¬^!!$!!!$!"_!

¬!!!!!!!¬!!!!!!¬"!![PI! ;! 0.$+*%#0! #8! 4%/K20&*/! %/! L)#>.0! 4#@0! %0*#! +! /%0$,.! *)20>! #8! *6.!0.$+*%#0!#8!.+&6!4%/K20&*I!!

!¬^!!%!!!%!"_!

! !!¬!!

!!!!!!!!!!!!!!¬!!

! !!!¬"!!!!!!!!!!!!!

9N+C1,.T!^Q!%!`!%!-_F!^G!"!¬Q_F!^G!"!¬`_!x!^G!"!-_!!

! [[j!

[I!!!!! ! ! ! !^Q!%!`!%!-_!

AI! ! ! ! !!^G!"!¬Q_!

XI! ! ! ! !!^G!"!¬`_!

PI!!! ! ! ! !!¬!^G!"!-_!RI! ! ! ! !!!!!!!G!

EI! ! ! ! !!!!¬-!SI! ! Q! ! !!!!!!`! ! ! -!

kI! ¬G!! ! ¬Q! ¬G!!!!!!¬Q! ! y!

jI! !!y! ! !!y!! !!y!!!!¬G!!!¬`!![DI! ! ! ! !!!!!!!!!!y!!!!!!!y!!!!!!!!! !!!!56.!+)$2C.0*!%/!:+,%4!L.&+2/.!+,,!L)+0&6./!&,#/.I!"%0.!P!%/!*6.!0.$+*%#0!

#8! #2)! &#0&,2/%#0! ^G!"! -_I! ;*! ,%0.! R! +04! E! *6.! &#0&,2/%#0! %/! L)#>.0!4#@0F!8#,,#@.4!L=!*6.!L).+>!4#@0!#8!1).C%/.![!%0! ,%0.!SI!"%0.!k!%/!*6.!L).+>!4#@0!#8!1).C%/.!AF!@6%&6!C2/*!$#!204.)0.+*6!L#*6!Q!+04!`!/%0&.!*6.=!+).!#1.0!L)+0&6./I!M.!&,#/.!*6.!-!L)+0&6!L.&+2/.!#8!*6.!1)./.0&.!

#8!¬-!+L#:.!%*!%0!,%0.!EI!"%0.!j!%/!*6.!&,#/%0$!#8!¬G!L)+0&6!L.&+2/.!#8!*6.!

1)./.0&.! #8! G! +*! ,%0.! RF! +04! *6.! &,#/%0$! #8!¬Q! L)+0&6! L.&+2/.! #8! *6.!

1)./.0&.!#8!Q!%0!,%0.!SF!W#@.:.)F!@.!&+0!#0,=!&,#/.!¬G!204.)!`F!+04!0#*!

¬Q!/%0&.!%*!6+/!0#!Q!+L#:.!%*I!;*!,%0.!j!1).C%/.!X!%/!L)#>.0!4#@0I!;*!,%0.!

[D!¬G!&,#/./!L.&+2/.!#8!G!%0!,%0.!RF!+04!¬`!&,#/./!L.&+2/.!#8!`!%0!,%0.!SI!!!.

.

.

.

.

.

.

.

.

.

.

.

.

RXC. 01MM'(+($,=.,21,7P,2((-.<%2.,(-,4$*.'%*4"/'.2('/,4%$-.

!

! [AD!

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

! ! !!!!!!!!!^Q!"!`_!

! ! !!!!!!^¬Q!"!¬`_!!

[I! ! ¬Q! ! ! `!

AI! ¬¬Q! ! ¬`! !!¬¬Q!!!!!!!!!¬`!XI! y! ! O! !!!!O! !!!!!!!!!!!!y!!!56.).!+).!*@#!1+*6/!*6+*!+).!#1.0F!/#!*6.!8#)C2,+/!+).!&#0/%/*.0*I!;*![!

@.!L)#>.!4#@0! ^Q!"!`_!2/%0$! *6.! )2,.! 8#)!"F! +04!+*! ,%0.!A!@.!L)#>.!

4#@0! ^¬Q! "! ¬`_! 2/%0$! *6.! )2,.! 8#)! "I! ;*! ,%0.! X! @.! 8#204! *@#!&#0*)+4%&*%#0/F!+04!*62/!&,#/.4!*@#!L)+0&6./I!56.!#*6.)/!).C+%0!#1.0I!!9N+C1,.T!!

! [A[!

! ! ! ¬^¬Q!%!`_!

! ! ! !!!^Q!"!`_!!

[I! ! ! !!!!¬¬Q!

! ! ! !!!!!¬`!

AI! ! ¬Q! !!!!!!!!!!!!! `!XI! ! y! ! ! y!!56.).!+).!0#!1+*6/!*6+*!+).!#1.0F!/#!*6.!8#)C2,+/!+).!%0&#0/%/*.0*I!

;*! ,%0.![!@.!L)#>.!4#@0!¬^¬Q!%!`_!@%*6!*6.!¬^!!%!!_!)2,.I!;*! ,%0.!A!

@.!L)#>.!4#@0!^Q!"!`_!@%*6!*6.!"! )2,.I! !;*! ,%0.!*6)..!+,,!1+*6/!&,#/.!L.&+2/.!#8!&#0*)+4%&*%#0/I!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! [AA!

!

"#$%!&!

'()*+,!-./0#$12.3!(4!5#+,63$3!77!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!.

.

! [AX!

.

.

.

.

.

57/M,(2.?S. .

T/,12/'.D()1",4%$.].!"#$%&'(&)*($+$*,$.!

?SX?. G'(+($,-..

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m+*2)+,! 4.42&*%#0! %/! *62/! +! @+=! #8!1)#:%4%0$!+!1)##8!#8!*6.!8+&*!*6+*!+0!+)$2C.0*!%/!:+,%4!L=!/6#@%0$!6#@!#0.!&+0!4.)%:.!*6.!&#0&,2/%#0!8)#C!*6.!1).C%/./!2/%0$!)2,./!*6+*!0.:.)!C#:.!8)#C!*)2*6!*#!8+,/%*=I!!!m+*2)+,! 4.42&*%#0! 4.1.04/! 6.+:%,=! #0! *6.! +11,%&+*%#0! #8! )2,./! #8!%08.).0&.I! ;/! +! &#0/.72.0&.F! %*! %/! %C1#)*+0*! *#! >..1! %0! C%04! @6+*! +!."*.&"4,$3,(-($(-*'4-',(!')&!*/4!'4-'/&"&')&4.!((&"'! %/I!B0!#)4.)!*#!+11,=!*6.!)2,./!#8!*6.!/=/*.C!#0.!C2/*!/..!*6+*!+!/1.&%8%&!8#)C2,+!%/!+!1)#1.)!/2L/*%*2*%#0!%0/*+0&.!#8!+!)2,.I!G211#/.!#2)!)2,.!%/!*6.!8#,,#@%0$T!4

^.!"!H_F!.!x!H!!!;,,!#8!*6.!8#,,#@%0$!+).!1)#1.)!/2L/*%*2*%#0!%0/*+0&./!#8!%*I!!

^Q!"!`_F!Qx!`! ! ! !! Q!8#)!.!+04!`!8#)!H44

^¬-!"!¬G_F!¬-!x!¬G! ! ! ¬-!8#)!.!+04!¬G!8#)4H4!

! [AP!

^5!$!`_!"!^-!%!?_F!^5!$!`_!x!^-!%!?_!!^5!$!`_!8#)!.!+04!^-!%!?_!8#)!H!!!!!!!;,,!#8!*6.!8#,,#@%0$!+).!%C1)#1.)!/2L/*%*2*%#0!%0/*+0&./!#8!%*I!!

^Q!"!^`!"!-_F!Q!x!-! ^Q!"!^`!8#)!.!+04!-!8#)4H4!

^G!"!5_!"!QF!5!x!Q! ^G!"!5_!8#)!.!+04!5!8#)!HF!+04!Q!8#)!H4!

^G!%!?_!"!^`!%!-_F!^G!%!?_F!`!x!-!!!^G!%!?_!8#)!.!+04!`!8#)!HF!+04!-!8#)!H!!56.).!+).!*@#!C+%0!)2,./!*6+*!$#:.)0!/2L/*%*2*%#0T!!6'&-+'-'%202'*.#& B.+2.C#$& 2*&.& +"#$& ,.*&C$&.%%27*$3&/'+$& 0?.*&'*$&

%0.0$/$*0&2*&.&72B$*&%"C%020"02'*X.

.

<'+$& 0?.*& '*$& -+'-'%202'*.#& B.+2.C#$& 2*& .& +"#$& ,.*& %0.*3& ('+& 0?$&

%./$&%0.0$/$*0&2*&.&72B$*&%"C%020"02'*X.

!56.!8%)/*!)2,.!*.,,/!2/!*6+*!.!&+00#*!L.!+//%$0.4!L#*6!-!+04!G!%0!+!$%:.0!/2L/*%*2*%#0I!!!

9N+C1,.T!^.4"!H_F!.!x!H!!! ^-!"!5_F!G!x!5!!W.).!H!%/!+//%$0.4!5F!L2*!.!%/!+//%$0.4!L#*6!-!+04!GI!!56.!/.&#04!)2,.!*.,,/!2/!*6+*!.!+04!H!&+0!L#*6!L.!+//%$0.4!-!%0!+!$%:.0!/2L/*%*2*%#0I!!

9N+C1,.T!^.!"!H_F!.!x!H! ! ^-!"!-_F!-!x!-!!W.).!.!%/!+//%$0.4!-F!+04!H!%/!+//%$0.4!-I!!;! 0+*2)+,! 4.42&*%#0! 1)##8! #8! *6.! &#0&,2/%#0! #8! +0! +)$2C.0*! 8)#C! *6.!1).C%/./! #8! *6.! +)$2C.0*! %/! ).1)./.0*.4! L=! +! 02CL.)%0$! /=/*.C! +04!

! [AR!

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

3%)1-.L%$($-./$).3%)1-.:%''($-!!.

9N+C1,.T!^Q!"!`_F!^`!"!-_F!Q!x!-!!G211#/.! @.! @+0*.4! *#! 4.)%:.! *6.! &#0&,2/%#0! -F! 8)#C! *6.! 1).C%/./!!!!!!!!!!!

^Q!"!`_F!^`!"!-_F!+04!Q!4

B(&.4 cT! ,%/*! *6.! 1).C%/./! /.72.0*%+,,=! @%*6! *6.! @#)4! Y1).C%/.J! %0! *6.!K2/*%8%&+*%#0!&#,2C0I!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!^`!"!-_! ! ! Q).C%/.!XI!Q! ! ! ! Q).C%/.!!B(&.4RT!+11,=!)2,./!#8!%08.).0&.!20*%,!*6.!&#0&,2/%#0!%/!).+&6.4I!!Q*8$,4:*'&',!^VQ_!!

^.4"4H_F4.4f4H44

PI!`! ! ! ! [F!X!VQ!RI!-! ! ! ! AF!P!VQ!!(#C1,.*.4!Q)##8T!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!^`!"!-_! ! ! Q).C%/.!

! [AE!

XI!Q! ! ! ! Q).C%/.!PI!`! ! ! ! [F!XF!VQ!RI!-! ! ! ! AF!PF!VQ!!!!56.!+)$2C.0*! %/!:+,%4!L.&+2/.! *6.!&#0&,2/%#0!-!&+0!L.!4.)%:.4!L=! *6.!:+,%4!)2,.!#8!%08.).0&.!^VQ_!8)#C!*6.!1).C%/./I!56.!1)##8!#0,=!%0:#,:./!*@#!+11,%&+*%#0/!#8!^VQ_F!*6.!K2/*%8%&+*%#0!&#,2C0!8#)!,%0./!P!+04!R!/*+*./!@6%&6!,%0./!+).!L.%0$!.C1,#=.4!%0!.+&6!+11,%&+*%#0!#8!^VQ_I!!!!

9N+C1,.T!^Q!"!`_F!^`!"!-_F!¬-!x!¬Q!!

G211#/.!@.!@+0*.4!*#!4.)%:.!*6.!&#0&,2/%#0!¬Q!8)#C!*6.!1).C%/./!

^Q!"!`_F!^`"!-_F!+04!¬-!4

B(&.4cT!,%/*!*6.!1).C%/./!/.72.0*%+,,=!8#,,#@.4!L=!*6.!@#)4!Y1).C%/.J!%0!*6.!K2/*%8%&+*%#0!&#,2C0!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!^`!"!-_! ! ! Q).C%/.!

XI!¬-!! ! ! Q).C%/.!!B(&.4RT!+11,=!)2,./!#8!%08.).0&.!20*%,!*6.!&#0&,2/%#0!%/!).+&6.4I!!Q*8$,4D*++&',4^V5_!!

^.4"4H_F4¬!H4f4¬4.4444!

PI!¬`!! ! ! AF!X!^V5_!

RI!¬Q! ! ! ! [F!P!^V5_!!(#C1,.*.4!Q)##8T!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!^`!"!-_! ! ! Q).C%/.!

XI!¬-!! ! ! Q).C%/.!

PI!¬`!! ! ! AF!X!^V5_!

! [AS!

RI!¬Q! ! ! ! [F!P!^V5_!!!!!!

56.!+)$2C.0*!%/!:+,%4!L.&+2/.!*6.!&#0&,2/%#0!¬Q!&+0!L.!4.)%:.4!L=!*6.!:+,%4!)2,.!#8!%08.).0&.!^V5_!8)#C!*6.!1).C%/./I!56.!1)##8!#0,=!%0:#,:./!*@#!+11,%&+*%#0/!#8!^V5_F!*6.!K2/*%8%&+*%#0!&#,2C0!%0!,%0./!P!+04!R!/*+*./!@6%&6!,%0./!+).!L.%0$!2/.4!%0!.+&6!+11,%&+*%#0!#8!^V5_I!!;,*6#2$6! *6.! .N+C1,./! +L#:.! #0,=! %0:#,:.! +! /%0$,.! )2,.! #8! %08.).0&.F!C#/*!%0*.)./*%0$!&+/./!%0:#,:.!C2,*%1,.!)2,./I!!

9N+C1,.T!^Q!"!`_F!^¬Q!"!¬-_F!¬`!x!¬-!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!^¬Q!"!¬-_! ! Q).C%/.!

XI!¬`!! ! ! Q).C%/.!

PI!¬Q! ! ! ! [F!X!^V5_!

RI!¬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

9N+C1,.T!^Q!%!^`!%!-_F!¬QF!¬`!x!-!!

[I!^Q!%!^`!%!-_! ! Q).C%/.!

AI!¬Q! ! ! ! Q).C%/.!

! [Ak!

XI!¬`!!! ! ! Q).C%/.!!?-,[$')(-2&4B5++*#-,%!^nG_!!

^.4%4H_F!¬4H!x!.!!

PI!^`!%!-_! ! ! [F!A!^nG_!RI!-! ! ! ! XF!P!^nG_!!

B0!,%0.!P!^nG_!%/!+11,%.4!*#![!+04!A!@6.).!^`!%!-_!%/!*6.!H!4%/K20&*!#8!*6.!

+)$2C.0*! 8#)C! ^.4!4 H_I! G%0&.! ^`!%! -_! %/! +!@.,,! 8#)C.4! 8#)C2,+! %*! %/! +!/2L/*%*2*%#0!%0/*+0&.!#8!HI!!!(#C1,.*.4!Q)##8T!!

[I!^Q!%!^`!%!-_! ! Q).C%/.!

AI!¬Q! ! ! ! Q).C%/.!

XI!¬`!!! ! ! Q).C%/.!

PI!^`!%!-_! ! ! [F!A!^nG_!RI!-! ! ! ! XF!P!^nG_!!

9N+C1,.T!^Q!"!`_F!^`!"!-_!x!^Q!"!G_!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!^`!"!-_! ! ! Q).C%/.!!G5.*(0&(-)!+4B5++*#-,%!^WG_!!

^.4"4H_F4^H4"4"_4f4^.4"4"_!!

XI!^Q!"!-_! ! ! [F!A!^WG_!!(#C1,.*.4!Q)##8T!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!^`!"!-_! ! ! Q).C%/.!

XI!^Q!"!-_! ! ! [F!A!^WG_!!

! [Aj!

^WG_! %/! +! )2,.! #8! %08.).0&.! *6+*! .0&#4./! *6.! 8+&*! *6+*! C+*.)%+,!&#04%*%#0+,/!+).!*)+0/%*%:.!K2/*!,%>.!*6.!).,+*%#0/!Y$).+*.)!*6+0JF!+04!Y,.//!*6+0JI!56.!1)##8!+L#:.!%/!+!4%).&*!+11,%&+*%#0!#8!^WG_!*#!*6.!1).C%/./!*#!4.)%:.!*6.!&#0&,2/%#0I!!!!<2/*!+/!L.8#).F!*6#2$6F!^WG_!%/!#8*.0!2/.4!%0!1)##8/!%0:#,:%0$!#*6.)!)2,./I!!

9N+C1,.T!^Q!"!`_!%!-_F!¬!-F!^`!"!G_!x!^Q!"!G_!!

[I!^Q!"!`_!%!-_! ! ! Q).C%/.!

AI!¬-!! ! ! ! Q).C%/.!

XI!^`!"!G_! ! ! ! Q).C%/.!

PI!^Q!"!`_! ! ! ! [F!A!^nG_!

RI!^Q!"!G_! ! ! ! XF!P!^WG_!!;04!+$+%0F!K2/*!+/!L.8#).F!*6.!#)4.)!#8!*6.!+11,%&+*%#0!#8!)2,./!%/!).,.:+0*!*#! 4.)%:%0$! *6.! &#0&,2/%#0I! O0.! &+00#*! 4.)%:.! *6.! &#0&,2/%#0! +L#:.!20,.//!#0.!8%)/*!+11,%./!^nG_I!!

9N+C1,.T!^`!%!-_F!^`!%!-_!"!^Q!%!^G!"5_F!^5!"!?_!x!^G!"!?_!!

[I!^`!%!-_! ! ! ! Q).C%/.!

AI!^`!%!-_!"!^Q!%!^G!"!5_! Q).C%/.!

XI!¬Q! ! ! ! ! Q).C%/.!

PI!^5!"!?_! ! ! ! Q).C%/.!

RI!^Q!%!^G!"!5_! ! ! [F!A!^VQ_!

EI!^G!"!5_! ! ! ! XF!E!^nG_!

SI!G!"!?! ! ! ! PF!E!^WG_!!

9N+C1,.T!^Q!"!`_F!^`!"!^G!%!5_F!QF!¬G!x!5!!

[I!^Q!"!`_! ! ! ! Q).C%/.!

AI!^`!"!^G!%!5_! ! ! Q).C%/.!XI!Q!! ! ! ! ! Q).C%/.!

PI!¬G! ! ! ! ! Q).C%/.!

RI!^Q!"!^G!%!5_! ! ! [F!A!^WG_!

EI!^G!%!5_! ! ! ! XF!R!^VQ_!

! [XD!

SI!5! ! ! ! ! PF!E!^nG_!!!!!!B0!*6%/!&+/.F!6#@.:.)F!^WG_!0..4!0#*!L.!4#0.!8%)/*T!!RI!`! ! ! ! ! [F!X!^VQ_!

EI!^G!%!5_! ! ! ! AF!R!^VQ_!SI!5! ! ! ! ! PF!E!^nG_!.

04+M'4<4"/,4%$./$).5%$Z1$",4%$.

.

56.).! +).! *@#! /%C1,.! )2,./! *6+*! $#:.)0! &#0K20&*%#0/I! O0.! )2,.F!/%C1,%8%&+*%#0!+,,#@/!=#2! *#!L).+>!4#@0!+!&#0K20&*%#0I!56.!#*6.)!)2,.F!&#0K20&*%#0F!+,,#@/!=#2!*#!C+>.!+!&#0K20&*%#0!8)#C!#*6.)!8#)C2,+/I!!B-%.+-/-)!(-*'!^G%C1_!!

^.4$4H_!x!.!.

9*'[$')(-*'!^(#0_!!

.F!H!x!^.4$!H_!!!^G%C1_! +,,#@/! 2/! *#! L).+>! +! &#0K20&*%#0! 4#@0! %0*#! %*/! &#0K20&*/I!;0=*%C.! +! &#0K20&*%#0! %/! *)2.F! L#*6! *6.! &#0K20&*/! +).! *)2.F! +04! /#!@.!&+0!L).+>!4#@0!*6.!&#0K20&*%#0I!!^(#0_! +,,#@/! 2/! *#! &).+*.! +! &#0K20&*%#0! 8)#C! *@#! %04.1.04.0*!

/*+*.C.0*/I!B8!.!%/!*)2.!+04!H!%/!*)2.F!*6.0!.4$!H!%/!*)2.I!!!

9N+C1,.T!QF!`F!^Q!$!`_!"!^-!$!G_!x!-!![I!Q! ! ! ! Q).C%/.!AI!`! ! ! ! Q).C%/.!

XI!^Q!$!`_!"!^-!$!G_!! Q).C%/.!

PI!^Q!$!`_! ! ! [F!A!^(#0_!

! [X[!

RI!^-!$!G_! ! ! XF!P!^VQ_!EI!-! ! ! ! R!^G%C1_!!Q).C%/.![!+04!A!+,,#@!8#)!*6.!2/.!#8!^(#0_!%0!&).+*%0$!*6.!+0*.&.4.0*!#8!*6.!&#0K20&*%#0F!@6%&6!%0!*2)0!+,,#@/!8#)!+!2/.!#8!^VQ_!*#!+))%:.!+*!*6.!&#0/.72.0*l!@6%&6!8%0+,,=!%/!/%C1,%8%.4!*#!$.*!*6.!&#0&,2/%#0I!.

!))4,4%$./$).5%$-,21",4H(.D4'(++/.

.

O0.! #8! *6.!C#).! %0*.)./*%0$! )2,./! %0! Q"! %/! *6.! )2,.! #8! +44%*%#0F! @6%&6!+,,#@/!#0.!*#!+44!+0=!/*+*.C.0*!*#!+0!+,).+4=!+//.)*.4!/*+*.C.0*I!;04!#0.!#8! *6.!C#/*!2/.82,!+)$2C.0*! 8#)C/! %/!&#0/*)2&*%:.!4%,.CC+!@6.).!#0.I!4

>88-(-*'4^;44_!!

.!x!^.4%!H_!!H0,%>.!^G%C1_!@6.).! %*! %/!$.0.)+,,=!+&&.1*.4! *6+*!+!&#0K20&*%#0!&+0!L.!L)#>.0!4#@0! %0*#! %*/!&#0K20&*/F! %*! %/!$.0.)+,,=!#44! *#! *6%0>! *6+*!+! *)2.!/*+*.C.0*!&+0!L.!4%/K#%0.4!@%*6!+0=!#*6.)!/*+*.C.0*I!W.).!%/!*6.!*)2*6]*+L,.!*6+*!/6#@/!*6.!:+,%4%*=!#8!*6.!%08.).0&.!1+**.)0!^;44_T!!

.! H! ^.4%!H_!

5!! 5! !!!!!5!

5! 3! !!!!!5!

3! 5! !!!!!5!

3! 3! !!!!!3!

!!56.).!%/!0#!)#@!@6.).!*6.!1).C%/./!+).!*)2.!+04!*6.!&#0&,2/%#0!8+,/.I!!

;/!,#0$!+/!.!%/!*)2.F!^.4!44H_!%/!*)2.I!!9*',("$)(-2&4?-+&%%!!^(n_!!

^.4%!H_F!^.4"!"_F!^H4"!,_4x!^"4%!,_!!^(n_! +,,#@/! 2/! *#! %08.)! 8)#C! *6.! 4%/K20&*%#0! #8! *6.! +0*.&.4.0*! #8! *@#!&#04%*%#0+,/!*6.!4%/K20&*%#0!#8!*6.%)!&#0/.72.0*/I!!

! [XA!

!!

9N+C1,.T!QF!^Q!"!-_F!^`!"!G_!x!^-!%!G_!![I!Q! ! ! ! Q).C%/.!

AI!^Q!"!-_! ! ! Q).C%/.!

XI!^`!"!G_! ! ! Q).C%/.!

PI!^Q!%!`_! ! ! [!^;44_!

RI!^-!%!G_! ! !! AF!XF!P!^(n_!!O8*.0!*%C./!^;44_!%/!+,/#!2/.4!*#!$.*!*6.!&#0&,2/%#0!#8!+0!+)$2C.0*I!!

9N+C1,.T!^Q!"!`_F!¬`!x!^¬Q!%!-_!%!G_!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!¬`!! ! ! Q).C%/.!

XI!¬Q! ! ! ! [F!A!^V5_!

PI!^¬Q!%!-_! ! ! X!^;44_!

RI!^¬Q!%!-_!%!G_! ! P!^;44_!!

9N+C1,.T!¬QF!^-!"!Q_F!^G!"!`_!"!5_F!-F!¬5!x!`!!

[I!¬Q! ! ! ! Q).C%/.!

AI!^-!"!Q_! ! ! Q).C%/.!

XI!^G!"!`_!"!5_! ! Q).C%/.!PI!-! ! ! ! Q).C%/.!

RI!¬5!!! ! ! Q).C%/.!

EI!^G!"!`_! ! ! XF!R!^V5_!

SI!^-!%!G_! ! ! P!^;44_!

kI!^Q!%!`_! ! ! AF!EF!S!^(n_!jI!`! ! ! ! [F!k!^nG_!!!!!!!!

! [XX!

!!!

61'(-.%<.A$<(2($"(.

6./$& !"#$.

V#42/!Q#0.0/!^VQ_! ^.!"!H_F!.!x!H.

V#42/!5#,,.0/!^V5_! ^.!"!H_F!¬!H!x!¬!.!.

W=1#*6.*%&+,!G=,,#$%/C!^WG_!

^.!"!H_F!^H!"!"_!x!^.4"!"_.

n%/K20&*%:.!G=,,#$%/C!^nG_!

^.4%!H_F!¬!.4x!H.

;44%*%#0!^;44_! .4x!^.4%!H_.

(#0K20&*%#0!^(#0_! .F!H!x!^.4$!H_.

G%C1,%8%&+*%#0!^G%C1_! ^.4$!H_!x!..

(#0/*)2&*%:.! n%,.CC+!^(n_!

^.4%!H_F!^.4"!)_F!^H!"!,_!x!^"4%4,_!

!.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

! [XP!

.

.

57.??. .

T/,12/'.D()1",4%$.].!"#$%&'(&!$-#.,$/$*0.!??X?. 61'(-.%<.6(M'/"(+($,.

!-2,./!#8! %08.).0&.!+).!20%]4%).&*%#0+,! )2,./I!3#)!.N+C1,.F! ^VQ_! *.,,/!2/!

*6+*!%*!%/!:+,%4!*#!%08.)!8)#C!H!8)#C!^.4"!H_!+04!.I!W#@.:.)F!%*!4#./!0#*!

*.,,!2/!*6+*!8)#C!H!@.!C+=!%08.)!.!#)!^.4"!H_I!"%>.@%/.F!^G%C1_!+,,#@/!2/!

*#! %08.)! 8)#C! ^.!$! H_F! .l! L2*! %*! 4#./! 0#*! +,,#@! 2/! *#! %08.)! 8)#C! .! *6.!

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

.

?*$3+&4@&#!(-*'!^nm_!!

¬¬4.!TT!.4!B8!*6.!8#)C2,+!.!#&&2)/!#0!+0=!,%0.!#8!+!1)##8!#0.!C+=!%0!+!/2L/.72.0*!

,%0.!).1,+&.!%*!@%*6!¬¬!.!@%*6!*6.!K2/*%8%&+*%#0!^nm_!L.&+2/.!¬¬!.!%/!*)2.!K2/*!%0!&+/.!.!%/!*)2.I!!!!

! [XR!

!!

9N+C1,.T!^Q!"!`_F!¬¬Q!x!`!!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!¬¬Q! ! ! Q).C%/.!XI!Q! ! ! ! A!^nm_!PI!`! ! ! ! [F!X!^VQ_!!!!W.).!^nm_!%/!2/.4!*#!/.*!21!+0!+11,%&+*%#0!#8!^VQ_I!^VQ_!&+00#*!L.!4#0.!

#0!^Q!"!`_!+04!¬¬QF!$%:.0!*6+*!*6.!+0*.&.4.0*!#8!*6.!&#04%*%#0+,!%/!0#*!#8!*6.!/+C.!8#)CI!!!B0!+44%*%#0!*#!*6.!2*%,%*=!*6+*!)2,./!#8!).1,+&.C.0*!$%:.!*#!/.**%0$!21!*6.!+11,%&+*%#0!#8!)2,./!#8!%08.).0&.!+04!+%4%0$!%0!*6.!&#0/*)2&*%#0!#8!1)##8/F!%0!+04!#8!*6.C/.,:./!*6.=!+).!72%*.!%0*.)./*%0$!+04!).:.+,%0$!+L#2*!*6.!/.C+0*%&/!#8!*)2*6]820&*%#0+,!&#00.&*%:./I!n.!V#)$+0J/!,+@/!1)#:%4.!+0!#L:%#2/!&+/.I!!?&Q*"#!'Z,!W!<,4^nV_!!

¬4^.!$!H_!TT!^¬.!%!¬H_!

¬!^.4%!H_!TT!^¬.!$!¬H_!4

^nV_! *.,,/! 2/! *6+*! *6.! 0.$+*%#0! #8! +! &#0K20&*%#0! %/! .72%:+,.0*! *#! *6.!0.$+*%#0!#8!%*/!&#0K20&*/!4%/K#%0.4F!+04!*6+*!*6.!0.$+*%#0!#8!+!4%/K20&*%#0!%/!.72%:+,.0*!*#!*6.!0.$+*%#0!#8!%*/!4%/K20&*/!&#0K#%0.4I!!aB*!%/!0#*!*6.!&+/.!*6+*!3).4!%/!*+,,!+04!V+)=!%/!/6#)*Ic!C.+0/!*6.!/+C.!+/!a9%*6.)!%*!%/!0#*!*6.!&+/.!3).4!%/!*+,,!#)!%*!%/!0#*!*6.!&+/.!V+)=!%/!/6#)*Ic!!+04!!aB*! %/! 0#*! *6.! &+/.! *6+*! .%*6.)!3).4! %/! *+,,! #)!V+)=! %/! /6#)*Ic!C.+0/! *6.!/+C.!+/!aB*!%/!0#*!*6.!&+/.!*6+*!3).4!%/!*+,,!+04!%*!%/!0#*!*6.!&+/.!*6+*!V+)=!%/!/6#)*Ic!!^nV_!%/!+0!%C1#)*+0*!)2,.!#8!).1,+&.C.0*!+04!%*!%/!.C1,#=.4!%0!*+04.C!@%*6!^nm_I!

! [XE!

!!

9N+C1,.T!^¬Q!$!`_!x!¬^Q!%!¬`_!!

[I!^¬Q!$!`_! ! ! ! Q).C%/.!

AI!^¬Q!$!¬¬`_! ! ! [!^nm_!

XI!¬^Q!%!¬`_! ! ! A!^nV_!!B0! #)4.)! *#! +11,=! ^nV_! *#! [! @.! C2/*! 8%)/*! +11,=! ^nm_! *#! *6.! /.&#04!&#0K20&*!#8!*6.!&#0K20&*%#0!/#!*6+*!%*!6+/!+!0.$+*%#0!%0!%*F!*6.!0.$+*%#0!%/!

).72%).4!*#!C#:.!8)#C!^¬.!$!¬H_!*#!¬^.4%[email protected]!@.!+11,=!^nV_!+!0.$+*%#0!).C+%0/!%0!8)#0*!#8!`I!!!;!*)2*6]*+L,.!&+0!L.!2/.4!*#!/6#@!*6+*!*6.!+)$2C.0*!%/!:+,%4T!!

D! Q! `! ¬Q!! ¬`! !¬Q!$!`! ^Q!%!¬`_! ¬^Q!%!¬`_!

[! 5! 5! 3! 3!! !!!!!!!3! !!!!!!5! 3!

A! 5! 3! 3! 5! !!!!!!!3! !!!!!!5! 3!

X! 3! 5! 5! 3! !!!!!!!5! !!!!!!3! 5!

P! 3! 3! 5! 5! !!!!!!!3! !!!!!!5! 3!

!56.!8#)C2,+/!*#!L.!&#C1+).4!+).!/6+4.4I!m#*%&.!*6+*!8#)!.:.)=!)#@!*6.!C+%0!&#00.&*%:.! %0!.+&6!8#)C2,+!6+/!*6.!/+C.!*)2*6]:+,2.I!56%/!C.+0/!*6+*!*6.!*@#!8#)C2,+/!+).!.72%:+,.0*I!G#F!*6.!%08.).0&.!8)#C!*6.!8#)C.)!*#!*6.!,+**.)!%/!:+,%4I!!!

9N+C1,.T!¬^¬^`!$!-_!%!Q_!x!^`!$!-_!!!.!.

[I!¬^¬^`!$!-_!%!Q_! ! Q).C%/.!

AI!¬¬^`!$!-_!$!¬Q! ! [!^nV_!

XI!^`!$!-_!$!¬Q_! ! ! A!^nm_!

PI!^`!$!-_! ! ! ! X!^G%C1_!!W.).!@.!+11,=!^nV_!8%)/*!%0!,%0.!AI!56.).!%/!0#!0..4!*#!2/.!^nm_!8%)/*I!M.!

&+0! /%C1,=! *+>.!¬^`!$! -_! +/! +! /2L/*%*2*%#0! %0/*+0&.! #8! H! %0! *6.! 8#)C!!!!

¬^.!%!H_I! ;8*.)! ^nV_!@.!2/.! ^nm_! *#! .,%C%0+*.! *6.!0.$+*%#0/F! +04!2/.!^G%C1_!*#!$.*!*6.!&#0&,2/%#0I!!

! [XS!

!!U.&+2/.! #8! *6.! %0:#,:.C.0*! #8! 0.$+*%#0! @%*6! 4%/K20&*%#0! +04!&#0K20&*%#0!%0!^nV_!*6.).!+).!C2,*%1,.!&+/./!#8!*)+0/8#)C+*%#0I!3#)!*6.!/+>.! #8! .N1,%&%*0.//! *6.! *+L,.! L.,#@! ,%/*/! *6.! :+)%+*%#0/! @%*6! *6.! )2,.!^nm_!+11,%.4!%8!+11,%&+L,.I!!

D(.3%2*/$_-.G@14H/'($"(-.

.4$!H! ¬^¬.!%!¬H_!

.4%!H! ¬^¬.!$!¬H_!

¬^.4$!H_! ^¬.!%!¬H_!

¬^.4%!H_! ^¬.!$!¬H_!

¬.4$!H! ¬^.!%!¬H_!

.4$!¬H! ¬^¬.!%!H_!

¬.4%!H! ¬^.!$!¬H_!

.4%!¬H! ¬^¬.!$!H_!

¬^¬.4$!H_! !.!%!¬H!

¬^.4$!¬H_! ¬.!%!H!

¬^¬!.4%!H_! !.!$!¬H!

¬^.4%!¬H_! ¬.!$!H!

!56.!C#/*!%C1#)*+0*!*6%0$!+L#2*!+11,=%0$!^nV_!%/!4.*.)C%0%0$!*6.!C+%0!&#00.&*%:.! #8! *6.! 8#)C2,+! *#! @6%&6! =#2! @+0*! *#! +11,=! %*F! +04! *6.0!>..1%0$!*)+&>!#8!0.$+*%#0/I!W#@.:.)F!*6.).!%/!+0#*6.)!/.&).*!*#!+11,=%0$!^nV_F! +04! *6+*! %/! *#! /%C1,=! ).C.CL.)! *6+*! +! 4%/K20&*%#0! %/! 8+,/.! #0,[email protected]! L#*6! 4%/K20&*/! +).! 8+,/.F! +04! +! &#0K20&*%#0! %/! *)2.! @6.0! L#*6!&#0K20&*/! +).! *)2.I! o..1%0$! *6+*! %0!C%04!@%,,! $2%4.! =#2! %0! &#0:.)*%0$!L.*@..0!&#0K20&*%#0/!+04!4%/K20&*%#0/F!0.$+*.4!#)!0#*I!!!5%++1,/,4%$`.!--%"4/,4%$`./$).D4-,24;1,4%$.

.

;/! 4%/&2//.4! L.8#).! &#0K20&*%#0/! +04! 4%/K20&*%#0/! +).! &#CC2*+*%:.F!+//#&%+*%:.F!+04!4%/*)%L2*%:.I!56.!/=/*.C!Q"!).&#$0%\./!*6%/!8+&*!*6)#2$6!)2,./!#8!).1,+&.C.0*I!!9*%%$(!(-*'!^(#C_!!

^.4%!H_!TT!^H!%!._!!

! [Xk!

^.!$!H_!TT!^H!$!._!!!>,,*)-!(-*'!^;/&_!4

^.4%!^H!%!"_!TT!^.!%!H_!%4"_!

^.!$!^H4$!"_!TT!^.!$!H_!$!"_!!?-,("-3$(-*'!^n%/*_!!

^.!$!^H!%!"_!TT!^.!$!H_!%!^.!$!"_!

^.!%!^H!$!"_!TT!^.!%!H_!$!^.!%!"_!!!56./.! )2,./! +).! :.)=! 2/.82,! 8#)! /.**%0$! 21! *6.! +11,%&+*%#0! #8! +! )2,.! #8!%08.).0&.I!!!

9N+C1,.T!^Q!$!`_F!¬`!x!-!!

[I!^Q!$!`_! ! ! Q).C%/.!

AI!¬`!! ! ! Q).C%/.!

XI!^`!$!Q_! ! ! A!^(#C_!PI!`! ! ! ! X!^G%C1_!

RI!^`!%!-_! ! ! P!^;44_!RI!-! ! ! ! [F!R!^nG_!!B0! *6%/! 1)##8! /%C1,%8%&+*%#0! &+00#*! L.! 1.)8#)C.4!20*%,! &#CC2*+*%#0! %/!1.)8#)C.4!#0!*6.!&#0K20&*%#0I!!!

9N+C1,.T!^^Q!%!`_!$!^Q!%!-__!"!^G!%!5_F!Q!x!^G!%!5_!!

[I!^^Q!%!`_!$!^Q!%!-__!"!^G!%!5_! ! Q).C%/.!AI!Q! ! ! ! ! ! ! Q).C%/.!

XI!^Q!%!^`!$!-_! ! ! ! ! A!^;44_!

PI!^Q!%!`_!$!^Q!%!-_! ! ! ! X!^n%/*_!

RI!^G!%!5_! ! ! ! ! ! [F!P!^VQ_!!B0! *6%/! &+/.!@.!6+:.!+!&#C1,.N!+0*.&.4.0*! %0! *6.! 8%)/*!1).C%/.I!m#*%&.!*6+*!*6.!&#0&,2/%#0!%/!/%C1,=!*6.!&#0/.72.0*!#8!*6.!&#04%*%#0+,I!G#F!^VQ_!@#2,4!L.!+0! %4.+,!@+=! *#! $.*! *6.! &#0&,2/%#0I!W#@.:.)F! #2)!#0,=!#*6.)!

! [Xj!

1).C%/.! %/! QI! ;/! +! &#0/.72.0&.F! @.! 0..4! *#! 2/.! +44%*%#0! *#! +44! *6.!&#0K20&*%#0!*6+*!@.!@%,,!*6.0!4%/*)%L2*.!%0!#)4.)!*#!$.*!*6.!&#0/.72.0*I!

M.! +44! ^`!$! -_F! /%0&.! *6+*! 4%/*)%L2*./! #2*! *#! *6.! &#)).&*! &#0K20&*%#0!!!!!!

^Q!%!`_!$!^Q!%!-_I!!;//#&%+*%#0!&+0!#8*.0!L.!2/.4!*#!1.)8#)C!^nG_!#)!^G%C1_I!!

9N+C1,.T!^Q!%!^`!%!-_F!^Q!%!`_!"!G_F!¬-!x!G!!

[I!^Q!%!^`!%!-_! ! ! ! Q).C%/.!

AI!^Q!%!`_!"!G_! ! ! ! Q).C%/.!

XI!¬-!! ! ! ! ! Q).C%/.!

PI!^Q!%!`_!%!-_! ! ! ! [!^;/&_!

RI!^-!%!^Q!%!`_! ! ! ! P!^(#C_!

EI!^Q!%!`_! ! ! ! ! XF!R!^nG_!SI!G! ! ! ! ! ! AF!E!^VQ_!!W.).!@.!1.)8#)C! ^;/&_! +04! ^(#C_! 8%)/*! *#! /.*!21!+! ^nG_F! +04! *6.0!2/.!^VQ_!*#!4.)%:.!*6.!&#0&,2/%#0I!!5%$,2/M%-4,4%$`.A+M'4"/,4%$`./$).GUM%2,/,4%$.

.

56.).!+).!*6)..!)2,./!#8!).1,+&.C.0*!$#:.)0%0$!*6.!C+*.)%+,!&#04%*%#0+,!*6+*!C#/*!/=/*.C/!#8!0+*2)+,!4.42&*%#0!).&#$0%\.I!!9*'("!.*,-(-*'!^(#0*_!!

^.!"!H_!TT!^¬H4"!¬._!!(#0*)+1#/%*%#0! %/! +0! %0*2%*%:.! ).,+*%#0! $#:.)0%0$! *6.! C+*.)%+,!&#04%*%#0+,I! B8! +! C+*.)%+,! &#04%*%#0+,! .N1).//./! *6.! %4.+! *6+*! *6.!&#0/.72.0*! %/!+!0.&.//+)=!&#04%*%#0! 8#)! *6.!+0*.&.4.0*F! *6.0! %*! 8#,,#@/!*6+*! *6.! 8+,/%*=!#8! *6.! &#0/.72.0*! %C1,%./! *6.! 8+,/%*=!#8! *6.!+0*.&.4.0*I!a3)+0&.! +4:+0&./! *#! *6.! 72+)*.)! 8%0+,/! #0,=! %8! d.)C+0=! ,#/./c! %/!.72%:+,.0*!*#!%8!d.)C+0=!4#./!0#*!,#/.F!*6.0!3)+0&.!@%,,!0#*!+4:+0&.!*#!*6.!72+)*.)!8%0+,/Ic!^(#0*_!%/!+,/#!:.)=!2/.82,!%0!1)##8/I!O8*.0!#0.!0..4/!*#!1.)8#)C!^(#0*_!%0!#)4.)!*#!+11,=!^VQ_F!^V5_F!#)!^WG_I!!!

! [PD!

!

9N+C1,.T!^Q!"!`_F!^¬Q!"!¬G_F!G!x!`!!?.)/%#0!;!

[I!^Q!"!`_! ! ! ! Q).C%/.!

AI!^¬Q!"!¬G_! ! ! Q).C%/.!XI!G! ! ! ! ! Q).C%/.!

PI!^¬`!"!¬Q_! ! ! [!^(#0*_!

RI!^¬`!"!¬G_! ! ! AF!P!^WG_!

EI!¬¬G! ! ! ! X!^nm_!

SI!¬¬`! ! ! ! RF!E!^V5_!kI!`! ! ! ! ! SF!^nm_!!O8! &#2)/.! *6.! 1)##8! +,/#! &#2,4! 6+:.! L..0!4#0.! 2/%0$! ^(#0*_! *#! /@%*&6!+)#204!1).C%/.!A!*#!/.*!%*!21!8#)!+!^WG_I!56%/!%0!*2)0!+,,#@/!8#)!*6.!2/.!#8!^VQ_!)+*6.)!*6+0!^V5_!*#!+))%:.!+*!*6.!&#0&,2/%#0I!!?.)/%#0!U!

[I!^Q!"!`_! ! ! ! Q).C%/.!

AI!^¬Q!"!¬G_! ! ! Q).C%/.!XI!G! ! ! ! ! Q).C%/.!

PI!^G!"!Q_! ! ! ! A!^(#0*_!

RI!^G!"!`_! ! ! ! [F!P!^WG_!EI!`! ! ! ! ! XF!R!^VQ_!!7%.+-)!(-*'!^BC1_!!

^.!"!H_!TT!^¬.!%!H_!!BC1,%&+*%#0!&#00.&*/!2/! *#! *6.!/.C+0*%&/!#8! *6.!C+*.)%+,!&#04%*%#0+,I!;!C+*.)%+,! &#04%*%#0+,! %/! *)2.! K2/*! %0! &+/.! *6.! +0*.&.4.0*! %/! 8+,/.! #)! *6.!&#0/.72.0*!%/!*)2.!!

D! .! H! ^.!"!H_!

[! 5! 5! !!!!!!5!

A! 5! 3! !!!!!!3!

X! 3! 5! !!!!!!5!

P! 3!!!! 3! !!!!!!5!

! [P[!

!

B0! +44%*%#0F! L=! @+=! #8! +11,=%0$! ^nV_! *#! ¬! .! %! H! *6.! &#04%*%#0+,! %/!&#00.&*.4!*#!+0#*6.)!.72%:+,.0&.!%0:#,:%0$!0.$+*%#0!+04!&#0K20&*%#0I!!!

D! .! H! ¬!.4 ¬!H4 .!"!H4 ¬.!%!H! ¬^!.!$¬!HK!!

[! 5! 5! 3! 3! !!!5! !!!!!!!5! 5!!!!!!!3!

A! 5! 3! 3! 5! !!!3! !!!!!!!3! 3!!!!!!!5!

X! 3! 5! 5! 3! !!!5! !!!!!!!5! 5!!!!!!!3!

P! 3!!!! 3! 5! 5! !!!5! !!!!!!!5! 5!!!!!!!5!!!!!

4

C;.*"(!(-*'!^9N1_!!

^.!"!^H!"!"_!TT!^.!$!H_!"!"_!!^9N1_! %/! +! /%C1,.! 8#)C! #8! ).+/#0%0$I! B*! &+1*2)./! *6.! %4.+! *6+*! +!&#04%*%#0+,!*6+*!%C1,%./!+!&#04%*%#0+,!%/!.72%:+,.0*!*#!*6.!&#0K20&*%#0!#8!*6.!+0*.&.4.0*/!%C1,=%0$!*6.!&#0/.72.0*!#8!*6.!.CL.44.4!&#04%*%#0+,I!!!

9N+C1,.T!^Q!"!^¬`!%!-_F!^Q!$!`_!x!-!!

[I!^Q!"!^¬`!%!-_! ! ! ! Q).C%/.!

AI!^Q!$!`_! ! ! ! ! Q).C%/.!

XI!^Q!"^`!"!-_! ! ! ! [!^BC1_!

PI!^Q!$!`_!"!-_! ! ! ! X!^9N1_!RI!-! ! ! ! ! ! AF!P!^VQ_!!56.! 2/.! #8! .N1#)*+*%#0! +04! %C1,%&+*%#0! $).+*,=! /6#)*.0/! *6.! 1)##8I!M%*6#2*!^9N1_!#0.!@#2,4!6+:.!*#!4.)%:.!%*!+/!8#,,#@/I!!

[I!^Q!"!^¬`!%!-_! ! ! ! Q).C%/.!

AI!^Q!$!`_! ! ! ! ! Q).C%/.!XI!Q! ! ! ! ! ! AF!^G%C1_!

PI!^¬`!%!-_! ! ! ! ! [F!X!VQ!!!

RI!^`!$!Q_! ! ! ! ! A!^(#C_!EI!`! ! ! ! ! ! R!^G%C1_!

SI!¬¬`! ! ! ! ! E!^nm_!kI!-! ! ! ! ! ! PF!S!^nG_!.

! [PA!

.

:/1,%'%*B./$).G@14H/'($"(.

.

G#C.*%C./! %0! *6.! &#2)/.! #8! +! 1)##8! %*! %/! 0.&.//+)=! *#! %0*)#42&.! #)!.,%C%0+*.! ).4204+0*! /*+*.C.0*/I! 56.! )2,.! 5+2*#,#$=! %/! 2/.4! 1)%C+)%,=!8#)!*6%/!12)1#/.I!!D!$(*+*#5!^5+2*_!!

.!TT!^.4$!._!

.!TT!^.!%!._.!!!!!;0=*%C.! +! /*+*.C.0*! %/! *)2.F! *6.! &#0K20&*%#0! &#0*+%0%0$! %*! +/! L#*6!&#0K20&*/! %/! *)2.F!+04! %8! *6.!/*+*.C.0*! %/! 8+,/.F! *6.!&#0K20&*%#0! %/! 8+,/.I!;0=*%C.! +! /*+*.C.0*! %/! *)2.F! *6.! 4%/K20&*%#0! &#0*+%0%0$! %*! +/! L#*6!4%/K20&*/!%/!*)2.F!+04!%8!*6.!/*+*.C.0*!%/!8+,/.F!*6.!4%/K20&*%#0!%/!8+,/.I!!

9N+C1,.T!^Q!"!¬Q_!x!¬Q!!

[I!^Q!"!¬Q_!! ! ! Q).C%/.!

AI!^¬Q!%!¬Q_! ! ! [!^BC1_!

XI!¬Q! ! ! ! ! A!^5+2*_!!3%0+,,=F! *6.).! +).! *@#! )2,./! #8! ).1,+&.C.0*! $#:.)0%0$! L%&#04%*%#0+,/I!56./.!)2,./!#8!).1,+&.C.0*!&+1*2).!@6+*!+!L%&#04%*%#0+,!%/!+04!@6+*!%*/!*)2*6!&#04%*%#0/!+).I!!!CH$-2!+&')&!^972%:_!!

^.!#!H_!TT!^.!"!H_!$!^H!"!._!

^.4#!H_!TT!^.!$!H_!%!^¬.!$!¬H_!!56.! 8%)/*! .72%:+,.0&.! &+1*2)./! *6+*! +! L%&#04%*%#0+,! %/! /%C1,=! +!&#0K20&*%#0!#8!*@#!&#04%*%#0+,/I!56.!8%)/*!&#0K20&*!#8!*6.!L%&#04%*%#0+,!%/!#8*.0! &+,,.4! *6.! Y,.8*]*#])%$6*! 4%).&*%#0JF! *6.! /.&#04! &#0K20&*! *6.! Y)%$6*]*#],.8*! 4%).&*%#0JI! 56.! /.&#04! .72%:+,.0&.! &+1*2)./! *6.! 8+&*! *6+*! +!L%&#04%*%#0+,! %/! *)2.!.%*6.)[email protected]!L#*6!/*+*.C.0*/!+).! *)2.!#)!L#*6!+).!8+,/.I!^972%:_!%/!#8*.0!%C1#)*+0*!8#)!1)##8/I!W.).!%/!+!&,+//%&!&+/.I!!

! [PX!

9N+C1,.T!^Q!#!`_F!^`!"!-_F!Q!x!-!!

[I!^Q!#!`_! ! ! ! Q).C%/.!

AI!^`!"!-_! ! ! ! Q).C%/.!XI!Q! ! ! ! ! Q).C%/.!

PI!^Q!"!`_!$!^`!"!Q_! ! [!^972%:_!

RI!^Q!"!`_! ! ! ! P!^G%C1_!EI!`!! ! ! ! ! XF!R!^VQ_!SI!-! ! ! ! ! AF!E!^VQ_!!B0! #)4.)! *#! 1.)8#)C! ^VQ_! *#! $.*! *6.! &#0&,2/%#0! #0.! C2/*! 8%)/*! +11,=!^972%:_!*#!L).+>!4#@0!*6.!L%&#04%*%#0+,! %0*#!*6.!*@#!&#04%*%#0+,/! *6+*!C+>.! %*! 21I! B*! %/! #8*.0! %C1#)*+0*! *#! ).C.CL.)! *6+*! +! L%&#04%*%#0+,! %/!/%C1,=!*6.!&#0K20&*%#0!#8!*@#!&#04%*%#0+,/F!+04!+/!+!)./2,*!+0!.+/=!@+=!*#!4.+,!@%*6!%*!%/!/%C1,=!*#!L).+>!%*!4#@0!%0*#!*6.!*@#!&#04%*%#0+,/I!.

??XC. L2%%<.0,2/,(*4(-.

!??XCX?. 5%+M2(--4$*./.L2%%<!!(#0/%4.)!*6.!8#,,#@%0$!1)##8!!

[I!^Q!$!`_! ! ! Q).C%/.!

AI!^`!$!Q_! ! ! [!^(#C_!XI!`! ! ! ! A!^G%C1_!!G*)%&*,=! /1.+>%0$! *6%/! %/! *6.! &#)).&*! +04! .N1,%&%*! 4.42&*%#0! #8! `! 8)#C!!!!!!!!!!

^Q!$!`_I!W#@.:.)!*6.!8#,,#@%0$!%/!C#).!.88%&%.0*!!

[I!^Q!$!`_!AI!`! ! ! ! [F!^(#C_F!^G%C1_!!W.).!*6.!K2/*%8%&+*%#0!,%0.!/6#@/!*6+*!*@#!)2,./!@.).!+11,%.4!+*!#0&.!*#!+!,%0.I! 56%/! 1)#&.42).! %/! >0#@0! +/! &#,,+1/%0$! /*.1/! #)! &#C1).//%0$! +!1)##8I!-+*6.)!*6+0!6+:%0$!/.1+)+*.!02CL.).4!,%0./!8#)!+!4.42&*%:.!/*.1F!#0.! +11,%./! C2,*%1,.! C#:./! +*! #0&.F! +04! &%*./! *6.! C#:./! %0! *6.!K2/*%8%&+*%#0! ,%0.I!56%/! %/!:.)=!&#CC#0!$%:.0! *6+*!&.)*+%0!&#CL%0+*%#0/!#8!)2,./!+).!.+/=!*#!).+4!*#$.*6.)I!!(#0/%4.)!*6.!8#,,#@%0$!1)##8/!

! [PP!

!?.)/%#0!;!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!¬¬Q! ! ! Q).C%/.!XI!Q! ! ! ! A!^nm_!PI!`! ! ! ! [F!X!^VQ_!!?.)/%#0!U!

[I!^Q!"!`_! ! ! Q).C%/.!

AI!¬¬Q! ! ! Q).C%/.!XI!`! ! ! ! [F!AF!^nm_F!^VQ_!!?.)/%#0!U!&#0*+%0/!,.//!/*.1/!+04!%/!K2/*!+/!&,.+)!*#!#0.!@6#!>0#@/!*6.!)2,./! +/! :.)/%#0! ;I! G#F! &#,,+1/%0$! /*.1/! %/! #8*.0! 2/.82,! +04! .88%&%.0*I!^(#C_!+04!^nm_!#8*.0!+).!1.)8#)C.4!+*!*6.!/+C.!*%C.!@%*6!#*6.)!)2,./I!W#@.:.)F! .:.0! *6#2$6! %*! %/! *)2.! *6+*! +! $).+*! C+0=! 1)##8/! &#2,4! L.!).42&.4!*#!+!/%0$,.! ,%0.!1)##8!L=!1.)8#)C%0$!+,,!#8! *6.!/*.1/!+*!#0&.F! %*!@#2,4!)2%0!*6.!1#%0*!#8!C+>%0$!+!1)##8!*#!4#!/#I!!

9N+C1,.T!^Q!$!^`!%!-_F!¬^`!$!-_!x!^Q!$!`_!!

[I!^Q!$!^`!%!-_! ! Q).C%/.!

AI!¬^`!$!-_! ! ! Q).C%/.!

XI!^Q!$!`_! ! ! [F!AF!^n%/*_F!^nG_!!W.).!^n%/*_!+04!^nG_!6+:.!L..0!4#0.!*#$.*6.)I!U2*!*6%/!%/!+!&+/.!%0!@6%&6!&#,,+1/%0$! /6#2,4! 0#*! L.! 4#0.I! n%/*)%L2*%#0! &+0! #8*.0! L.! 4#0.!%C1)#1.),=F!+04!+/!+!&#0/.72.0&.!#0.!/6#2,4!1.)8#)C!%*!#0!+!/.1+)+*.!,%0.I!U=!&#0*)+/*F! ^(#C_!+04!^nm_!+).!/#!L+/%&! *6+*! *6.).! %/! ,%**,.! )##C!8#)!.))#)I!!!56.).! %/! 0#! .N1,%&%*! )2,.! &#:.)%0$! @6.0! /*.1/! /6#2,4! L.! &#,,+1/.4I! B0!$.0.)+,F!#0.!/6#2,4!+%C!*#!C+>.!*6.%)!1)##8!204.)/*+04+L,.!*#!#*6.)/I!B8!&#,,+1/%0$! /*.1/! %C1.4./! *6.! +L%,%*=! #8! *6.! %0*.04.4! +24%.0&.! *#!204.)/*+04!+!1)##8F!#0.!/6#2,4!0#*!&#,,+1/.!/*.1/I!!!!!??XCXC. :("7$4@1(-.<%2.L2%H4$*.

.

! [PR!

O0.! #8! *6.! *#2$6./*F! =.*! .N&%*%0$! *6%0$/F! +L#2*! 0+*2)+,! 4.42&*%#0! %/!&#C%0$! 21! @%*6! +! /*)+*.$=! 8#)! 4.)%:%0$! *6.! &#0&,2/%#0I! ;/! @.! 6+:.!+,).+4=!/..0!%0!/#C.!&+/./!)2,./!6+:.!*#!L.!+11,%.4!%0!+!/1.&%8%&!#)4.)!*#!4.)%:.!*6.!&#0&,2/%#0l!+04!%0!#*6.)!&+/./!*6.!&6#%&.!#8!)2,./!&+0!$).+*,=!/6#)*.0!+!1)##8I!56.!>.=!*#!&#0/*)2&*%0$!+!1)##8!%/!*#!*6%0>!+L#2*!@6+*!*6.!&#0&,2/%#0!%/F!+04!6#@!)2,./!&+0!L.!2/.4!*#!4.)%:.!%*I!-.C.CL.)!*6+*!1)#:%0$!/#C.*6%0$!L=!0+*2)+,!4.42&*%#0!%/!+!&).+*%:.!1)#&.//I!!.

W.).!+).!/#C.!$.0.)+,!1)##8!/*)+*.$%./!$2%4.,%0./}!!

• "##>!8#)!/*+*.C.0*!1#)*%#0/!*6+*!+).!).1.+*.4!@%*6!+!:%.@!*#@+)4!+11,=%0$!^nG_F!^VQ_F!^WG_F!+04!^V5_I!

• GC+,,! /*+*.C.0*/F! /2&6! +/! Q! #)!¬`! +).! .N*).C.,=! 2/.82,F! /%0&.!*6.=!+).!#8*.0!2/.4!%0!)2,./F!/2&6!+/!^VQ_F!^nG_F!+04!^V5_I!

• M#)>!L+&>@+)4/!8)#C!*6.!&#0&,2/%#0I!

• "##>!8#)!0.@!%08#)C+*%#0!L=!.C1,#=%0$!202/.4!1).C%/./I!

• M6.0! *6.! &#0&,2/%#0! &#0*+%0/! +*#C%&! /*+*.C.0*/! 0#*! 8#204! %0!+0=!1).C%/.F!2/.!^;44_!*#!%0*)#42&.!*6%/!%08#)C+*%#0I!

• U).+>!4#@0!&#C1,.N!/.0*.0&./!@%*6!^nV_F!^G%C1_F!+04!^972%:_I!

• H/.!^[email protected]!=#2!6+:.!+!C%N!#8!&#04%*%#0+,/!+04!4%/K20&*%#0/I!!!.

.

!!!.

!.

.

.

.

.

.

.

.

57/M,(2.?C. .

! [PE!

T/,12/'.D()1",4%$.].1+''(&!"#$%&.

?CXS. :7(.*($(2/'.4)(/.%<.M2%%<.21'(-.

.

H0,%>.! )2,./! #8! %08.).0&.F!@6%&6! +).!20%]4%).&*%#0+,! +04! +*#C%&F! *+>%0$!#0,=! /%0$,.! /.*! #8! 1).C%/./! +04! =%.,4%0$! +! /%0$,.! &#0&,2/%#0! %0! +! $%:.0!%0/*+0&.F!+04!20,%>.!)2,./!#8!).1,+&.C.0*!*6+*!+).!L%]4%).&*%#0+,!+04!&+0!+11,=!*#!1+)*/!#8!8#)C2,+/F!1)##8!)2,./!+).!@6#,.!/*)+*.$%./!8#)!1)#:%0$!/1.&%8%&! >%04/!#8! /*+*.C.0*/I! 56.! *@#!C#/*! &#CC#0,=!4%/&2//.4!1)##8!)2,./!+).T!&#04%*%#0+,!1)##8!+04!%04%).&*!1)##8I!56.!1#%0*!#8!&#04%*%#0+,!1)##8! %/! *#! 1)#:%4.! #0.!@%*6! +! /*)+*.$=! 8#)! 1)#:%0$! +! &#04%*%#0+,I! 56.!1#%0*! #8! %04%).&*! 1)##8! %/! *#! 1)#:%4.! #0.!@%*6! +! /*)+*.$=! 8#)! 1)#:%0$! +!/*+*.C.0*!L=!.N1,#)%0$!*6.!&#0/.72.0&.!#8!+//2C%0$!*6+*!%*/!0.$+*%#0!%/!*)2.I!!!?CX?! 5%$)4,4%$/'.L2%%<!!56.!)2,.!#8!&#04%*%#0+,!1)##8!C+%0*+%0/!*6.!8#,,#@%0$!!

B8!+*!+0=!/*+$.! %0!+!1)##8!=#2!@+0*! *#!#)!0..4!*#!1)#:.!^.!"!H_F! %8!=#2!+//2C.! *6+*!.! %/! *)2.F! +04! &+0! L=! :+,%4! /*.1/! #8! .C1,#=%0$! #0,=! 1)%#)!

,%0./F!+))%:.!+*!HF!*6.0!=#2!6+:.!1)#:.0!^.4"!H_I!!

9N+C1,.T!QF!^Q!"!¬`_F!^`!%!G_!x!^Q!"!G_!![I!Q! ! ! ! Q).C%/.!AI!Q!"!¬`! ! ! Q).C%/.!XI!^`!%!G_! ! ! Q).C%/.! ! !PI!Q! ! ! ! ;//!^(Q_!

RI!¬`!! ! ! PF!R!^VQ_!EI!G! ! ! ! XFP!^nG_!SI!^Q!"!G_! ! ! P]E!^(Q_!.

.

.

.

.

! [PS!

B0! *6%/! 1)##8! @.! #1.0! L=! ;//! ^(Q_F! @6%&6! /*+04/! 8#)! !,,$%.(-*'4 /*"4)*'8-(-*'!+4."**/I!M.!+//2C.!*6.!+0*.&.4.0*!#8!*6.!&#04%*%#0+,!@.!@+0*!

*#! 1)#:.T! ^Q! "! G_I! m.N*! @.! 2/.! *6.! %08#)C+*%#0! $+%0.4! L=! *6.!+//2C1*%#0F!QF!+/!@.,,!+/!*6.!#*6.)!1).C%/./!*#!+))%:.!+*!GF!#0!+!,%0.!L=!

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

*6)#2$6!:+,%4!).+/#0%0$!+*!HF!@.!6+:.!/6#@0!^.!"!H_I!!!

9N+C1,.T!^Q!$!¬`_F!^-!"!G_F!^Q!$!¬-_!"!z_!x!^¬G!"!z_!!!

[I!^Q!$!¬`_! ! ! ! ! Q).C%/.! ! !

AI!^-!"!G_! ! ! ! ! Q).C%/.!

XI!^Q$!¬-_!"!z_! ! ! ! Q).C%/.!

RI!¬G! ! ! ! ! ! ;//!^(Q_!

EI!¬-!! ! ! ! ! AF!X!^V5_!SI!!Q! ! ! ! ! ! [!^G%C1_!

kI!^Q!$!¬-_! ! ! ! ! EF!S!^(#0_!jI!z! ! ! ! ! ! XF!k!^VQ_!

[DI!^¬G!"!z_! ! ! ! R]j!^(Q_!!

;*! R! @.! +//2C.! ¬G! 8#)! &#04%*%#0+,! 1)##8! /%0&.! *6.! &#0&,2/%#0! %/! +!

&#04%*%#0+,!@%*6!¬G! +/! +0*.&.4.0*I! m.N*!@.! 2/.! *6%/! 0.@! %08#)C+*%#0!+,#0$!@%*6!*6.!1)%#)!1).C%/./!*#!$.*!*#!zI!;*!,%0.!E!@.!+11,=!^V5_!*#!$.*!

¬-F!@6%&6!@%,,!L.!2/.4!@%*6!Q!*#!8#)C!*6.!+0*.&.4.0*!#8!^Q!$!¬-_!"!z_I!M.!$.*!Q!L=!^G%C1_!8)#C![I!;04!@.!$.*!z!8)#C!^VQ_!#0!X!+04!kI!M.!6+:.!).+&6.4!zF!/#!@.!&+0!+*![D!%0*)#42&.!*6.!&#04%*%#0+,!L=!^(Q_I!!!!!!!

! [Pk!

9N+C1,.T!^Q!%!^`!%!-__!"!^G!"!-_F!^z!"!^`!%!^-!%Q_!x!^z!$!G_!"!-_!!

[I!!^Q!%!^`!%!-__!"!^G!"!-_!! Q).C%/.!

AI!^z!"!^`!%!^-!%!Q_!! Q).C%/.!

XI!^z!$!G_! ;//!^(Q_!PI!z! XF!^G%C1_!RI!G! XF!^(#C_F^G%C1_!

EI!^`!%!^-!%!Q_! AFP!^VQ_!

SI!^Q!%!^`!%!-_! EF!^;/&_F!^(#C_!

kI!^G!"!-_! [F!S!^VQ_!jI!-! RF!k!^VQ_!

[DI!^z!$!G_!"!-_! X]j!^(Q_!!

9N+C1,.T!^-!%!^G!$!¬5_F!^-!%!G_!"!^H!%!¬5_!x!^5!"!H_!!

[I!^-!%!^G!$!¬5_! Q).C%/.!

AI!^-!%!G_!"!^H!%!¬5_!! Q).C%/.!XI!5! ;//!^(Q_!

PI!^-!%!G_!$!^-!%!¬5_! [F!^n%/*_!

RI!^-!%!G_! PF!^G%C1_!

EI!^-!%!¬5_! PF!^(#C_F^G%C1_!

SI!^H!%!¬5_! AF!R!^VQ_!kI!H! XF!S!^(#C_F^nG_!

jI!^5!"!H_! X]k!^(Q_!!

9N+C1,.T!!!^Q!"!¬`_F!¬^-!$!¬Q_!x!^-!"!¬`_!!

[I!^Q!"!¬`_! Q).C%/.!

AI!¬^-!$!¬Q_!! Q).C%/.!XI!-! ;//!^(Q_!

PI!^¬-!%!Q_! AF!^nV_F!^nm_!RI!Q! XF!P!^nG_!

EI!¬`! [F!R!^VQ_!

SI!^-!"!¬`_! X]E!^(Q_!!!!!

! [Pj!

?CXC. A$)42(",.L2%%<. .

!H0,%>.!&#04%*%#0+,!1)##8F!@6%&6!&+0!#0,=!L.!2/.4!*#!1)#:.!+!&#04%*%#0+,F!%04%).&*! 1)##8! %/! +! /*)+*.$=! 8#)! 1)#:%0$! +0=! 8#)C2,+I! 56.! $.0.)+,! %4.+!L.6%04!%04%).&*!1)##8!%/!*6.!8#,,#@%0$I!d%:.0!*6+*!.%*6.)!+!/*+*.C.0*!.!#)!

%*/!0.$+*%#0F!¬.!%/!*)2.!%0!+!L%:+,.0*!,#$%&F!@.!&+0!+//2C.!*6.!#11#/%*.!#8!@6+*!@.!@+0*!*#!1)#:.F!+04!%8!@.!).+&6!+!&#0*)+4%&*%#0F!@.!&+0!%08.)!*6.!#)%$%0+,!/*+*.C.0*I!!G211#/.!@.!@+0*!*#!1)#:.!.!!

G*.1![T!+//2C.!¬.I!!!

G*.1!AT!2/%0$!¬.!+**.C1*!*#!4.)%:.!+!&#0*)+4%&*%#0!#8!*6.!8#)C!^"!$!¬"_I!!

G*.1!XT!%8!*6.!+//2C1*%#0!*6+*!¬.!%/!*)2.!,.+4/!*#!+!&#0*)+4%&*%#0!^"!$!¬"_F!%08.)!*6+*!.!%/!*)2.I!!;//2C1*%#0!8#)!%04%).&*!1)##8!%/!&%*.4!+/!Y;//!^BQ_JI!!

9N+C1,.T!^Q!"!¬`_F!¬^-!$!¬Q_!x!^-!"!¬`_!!

[I!^Q!"!¬`_! Q).C%/.!

AI!¬^-!$!¬Q_!! Q).C%/.!

XI!¬^-!"!¬`_! ;//!^BQ_!

PI!¬^¬-!%!¬`_! XF!^BC1_!

RI!^-!$!`_! PF!^nV_F!^nm_!EI!-! RF!^G%C1_!SI!`! RF!^(#C_F^G%C1_!

kI!^¬-!%!Q_! AF!^nV_F!^nm_!

jI!^-!"!Q_! kF!^BC1_!

[DI!^-!"!¬`_! [F!j!^WG_!

[[I!¬`! EF![D!^VQ_!

[AI!^`!$!¬`_! SF![[!^(#0_!

[XI!^-!"!¬`_! X][A!^BQ_!!!!

! [RD!

;*! X! @.! L.$%0! @%*6! #2)! +//2C1*%#0! 8#)! %04%).&*! 1)##8F! @6%&6! %/! *6.!

0.$+*%#0!#8! *6.! &#04%*%#0+,!@.! +&*2+,,=!@+0*! *#!1)#:.F!¬^-!"!¬`_I! B0!*6.! ,%0./! *6.).! +8*.)! @.! +**.C1*! *#! 4.)%:.! +! &#0*)+4%&*%#0I! 9:.0*2+,,=!#0.! %/! 8#204! @%*6! )./1.&*! *#! *6.! :+,2.! #8! `I! M.! .N1,%&%*,=! /*+*.! *6.!

&#0*)+4%&*%#0!+/!^`!$!¬!`_F!@6%&6!%/!+0!%0/*+0&.!#8!*6.!8#)C!^"!$!¬"_I!;!*=1%&+,!/*)+*.$=!8#)!^[email protected]!*6.!&#0&,2/%#0!%/!+!&#04%*%#0+,!%/!*#!4#!*6.!8#,,#@%0$! /*.1/! %CC.4%+*.,=I! 3%)/*F! 1.)8#)C! %C1,%&+*%#0! #0! *6.!&#04%*%#0+,F!*6.0!^nV_!+04!4#2L,.!0.$+*%#0I!56%/!/6#2,4!,.+:.!=#2!@%*6!+! &#0K20&*%#0! *6+*! &+0!L.! 82)*6.)! /%C1,%8%.4! 8#)! 82)*6.)! %08#)C+*%#0! *#!2/.I!!

9N+C1,.T!^Q!%!`_!"!^-!$!G_F!^G!%!5_!"!M_F!^Q!%!G_!x!M!!

[I!^Q!%!`_!"!^-!$!G_! ! ! Q).C%/.!

AI!^G!%!5_!"!M_! ! ! ! Q).C%/.!

XI!^Q!%!G_! ! ! ! ! Q).C%/.!

PI!¬M! ! ! ! ! ;//!^BQ_!

RI!¬^G!%!5_! ! ! ! ! AFP!^V5_!

EI!^¬G!$!¬5_! ! ! ! RF!^nV_!

SI!¬G! ! ! ! ! ! EF!^G%C1_!

kI!¬5!! ! ! ! ! EF!^(#C_F^G%C1_!jI!Q! ! ! ! ! ! XF!S!^nG_!

[DI!^Q!%!`_! ! ! ! ! jF!^;44_!

[[I!^-!$!G_! ! ! ! ! [F![D!^VQ_![AI!G! ! ! ! ! ! [[F!^(#C_F^G%C1_!

[XI!^G!$!¬G_!! ! ! ! SF![A!^(#0_![PI!M!! ! ! ! ! P][X!^BQ_!!

9N+C1,.T!^Q!%!^`!$!-_F!^Q!"!-_!x!-!!

[I!^Q!%!^`!$!-_! ! ! ! Q).C%/.!

AI!^Q!"!-_!! ! ! ! ! Q).C%/.!

XI!¬-!! ! ! ! ! ;//!^BQ_!

PI!¬Q! ! ! ! ! ! AF!X!^V5_!

RI!^`!$!-_! ! ! ! ! [F!P!^nG_!EI!-! ! ! ! ! ! RF!^(#C_F^G%C1_!

SI!^-!$!¬-_! ! ! ! ! XF!E!^(#0_!kI!-! ! ! ! ! ! X]S!^BQ_!

! [R[!

B0! *6.! 1)##8! %CC.4%+*.,=! +L#:.! @.! 6+:.! +0! %0*.)./*%0$! %0/*+0&.! %0!@6%&6! #0! *6.! +//2C1*%#0! *6+*! *6.! &#0&,2/%#0! -! %/! 8+,/.F! @.! +&*2+,,=!).+&6!-!@%*6%0!*6.!+//2C1*%#0I!B0!*6%/!&+/.!@.!C+=!0#*!/*#1!*6.!1)##8!+*!

,%0.! EI! -+*6.)! @.! C2/*! 8%)/*! /6#@! *6+*!¬-! ,.+4/! *#! *6.! &#0*)+4%&*%#0!!!!!!!

^-!$!¬-_F!+04!8)#C!*6%/!%*!8#,,#@/!*6+*!-I!;*!*%C./!+04!%04%).&*!1)##8!C+=!,.+4!*#!+!&#0*)+4%&*%#0!@%*6!*6.!:.)=!*.)C!*6+*!%/!*6.!&#0&,2/%#0I!B0!/2&6!&+/./! #0.! C2/*! 8%)/*! /6#@! *6.! &#0*)+4%&*%#0! L.8#).! 4)+@%0$! *6.!&#0&,2/%#0!&#)).&*,=I!!

9N+C1,.T!^Q!"!^`!"!-_F!^`!"!^-!"!¬`_!x!^¬Q!%!¬`_!!

[I!^Q!"!^`!"!-_! ! ! ! Q).C%/.!

AI!^`!"!^-!"!¬`_!! ! ! Q).C%/.!

XI!¬^¬Q!%!¬`_! ! ! ! ;//!^BQ_!

PI!^Q!$!`_! ! ! ! ! XF!^nV_F!^nm_!RI!Q! ! ! ! ! ! PF!^G%C1_!EI!`! ! ! ! ! ! PF!^(#C_F^G%C1_!

SI!^`!"!-_! ! ! ! ! [F!R!^VQ_!kI!-! ! ! ! ! ! EF!S!^VQ_!

jI!^-!"!¬`_! ! ! ! AF!E!^VQ_!

[DI!¬`! ! ! ! ! kFj!^VQ_!

[[I!^`!$!¬`_! ! ! ! EF!S!^(#0_!

[AI!^¬Q!%!¬`_! ! ! ! X][[!^BQ_!!

9N+C1,.T!^Q!%!`_!"!¬Q_!x!¬Q!!

[I!^Q!%!`_!"!¬Q_! ! ! ! Q).C%/.!

AI!¬¬Q! ! ! ! ! ;//!^BQ_!

XI!¬^Q!%!`_! ! ! ! ! [F!A!^V5_!

PI!^¬Q!$!¬`_! ! ! ! XF!^nV_!

RI!¬Q! ! ! ! ! ! PF!^G%C1_!

EI!^Q!$!¬Q_! ! ! ! ! AF!R!^nm_F!^(#0_!

SI!¬Q! ! ! ! ! ! A]E!^BQ_!!!!!!

! [RA!

?CXE. 8($(2/'.2(+/2#-.%$.M2%%<.21'(-.

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

!

! [RX!

814)(-./$).GU(2"4-(-.!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! [RP!

.

.

.

.

.

.

.

5^.?=.. A)($,4<B4$*.!2*1+($,-..

.

A$. ,7(. M/--/*(-. ,7/,. <%''%&. )(,(2+4$(. &7(,7(2. /$. /2*1+($,. 4-.

M2(-($,X. A<. /$. /2*1+($,. 4-. $%,. M2(-($,`. )(,(2+4$(. &7(,7(2. ,7(.

M/--/*(. 4-. /$. (UM'/$/,4%$`. /$. 4''1-,2/,4%$`. %2. /. 2(M%2,I! 542"'(. /''.M2(+4-(./$)."%$"'1-4%$.4$)4"/,%2-X.

![I 56.! />=! +11.+)/! L,2.! *#! *6.! 62C+0! .=.! L.&+2/.! #8! *6.!@+=! *6.!

.+)*6J/!+*C#/16.).!/&+**.)/!,%$6*!%0*#!@+:./!#8!+!1+)*%&2,+)!,.0$*6!%0!*6.!&#,#)!/1.&*)2CI!

AI 56.).! +).!C2&6!C#).! 4.8%0%0$! &6+)+&*.)%/*%&/! #8!C+CC+,/! *6+0!6+:%0$!6+%)!+04!C+CC+)=!$,+04/I! !V+CC+,/!6+:.!,+)$.!&.).L)+,!&#)*.N./F!*6.%)!,#@.)!K+@!%/!C+4.!#8!+!/%0$,.!L#0.F!+04!*6.=!6+:.!*6)..!C%44,.].+)!L#0./I!

XI B8! +!n.C#&)+*!@%0/! *6.!.,.&*%#0F! *+N./!@%,,! %0&).+/.I! ! B*! %/! +,C#/*!&.)*+%0! *6+*! +! n.C#&)+*! @%,,! @%0! *6.! .,.&*%#0I! ! 56.).8#).F! %*! %/!+,C#/*!&.)*+%0!*6+*!*+N./!@%,,!%0&).+/.I!

PI &56.!).+/#0!@6=!&)%C.!)+*.!%0&).+/.4!,+/*!=.+)!%/!L.&+2/.!8204%0$!

*#!,+@!.08#)&.C.0*!@+/!&2*F'!/+%4!(6%.8!#8!Q#,%&.!<.4!-%&6+)4/I!

RI M.!/6#2,4!1+//!,.$%/,+*%#0!*6+*!L+0/!*6.!1)#42&*%#0!#8!8#%.!$)+/I!!B*!%/! +! &)2.,! 1)#&.//! %0! @6%&6! $../.! +).! 8#)&.! 8.4! 20*%,! *6.%)! ,%:.)!/@.,,/!*#!+!1+%082,!/%\.I!!;04!+0=!1)#&.//!@6%&6!&+2/./!/2&6!6+)C!*#!+0#*6.)!&).+*2).!8#)!*6.!/%C1,.!+04!200.&.//+)=!.0K#=C.0*!#8!+0#*6.)!%/!@)#0$I!

EI 56.).!+).!C+0=!6+)C82,!.88.&*/!*6+*!.N&.//!+C#20*/!#8!/#4%2C!%0!#0.(/! 4%.*! &+0! 6+:.! #0! *6.! L#4=I! ! B*! &+0! ,.+4! *#! 6%$6! L,##4!

1).//2).F! >%40.=! 8+%,2).! +04! +0! %0&).+/.4! &6+0&.! #8! /*#C+&6!&+0&.)I!

SI ;0*%]+$%0$! &).+C/!+).!C+4.! *#!C+>.!1.#1,.J/! />%0! ,##>!=#20$.)!*6+0!%*!+&*2+,,=!%/I!!56.!#0,=!).+,!).+/#0!@6=!/#C.#0.!@#2,4!@+0*!*6.%)! />%0! *#! ,##>! =#20$.)! *6+0! %*! ).+,,=! %/! %/! L.&+2/.! *6.! #,4.)!#0.J/!/>%0!,##>/F!*6.!C#).!#0.!%/!).C%04.4!#8!*6.%)!#@0!C#)*+,%*=I!!

! [RR!

56.).8#).F! *6.! ).+,! ).+/#0!@6=! 1.#1,.! L2=! +0*%]+$%0$! &).+C/! %/!L.&+2/.!*6.=!4#!0#*!@+0*!*#!L.!).C%04.4!#8!*6.%)!#@0!C#)*+,%*=I!

kI B! 6+:.! 6.+)4! *6+*! *6.! &6.+1./*F! C#/*! .88.&*%:.! @+=! *#! ).C#:.!$).+/.!8)#C!L%&=&,.!+04!+2*#C#*%:.!1+)*/!%/!@%*6!>.)#/.0.I!

jI O8*.0!*%C./F!4.+*6/!42.!*#!6=1#*6.)C%+!+).!%CC.4%+*.,=!1).&.4.4!L=!8..,%0$/!#8!@+)C*6!+04!+!4./%).!*#!).C#:.!#0.J/!&,#*6./I!!56%/!%/! L.&+2/.! .N*).C.,=! &#,4! *.C1.)+*2)./! &+0! &+2/.! *6.!6=1#*6+,+C2/! *#! C+,820&*%#0F! +04! +,/#! *6.! C2/&,./! @6%&6!&#0*)+&*! *6.! #2*.)! L,##4! :.//.,/! /*#1! &#0*)+&*%0$! @6%&6! %0! *2)0!,.+4/!*#!+!72%&>!8,##4!#8!L,##4!+,,!#:.)!*6.!L#4=F!C+>%0$!*6.!:%&*%C!8..,!@+)[email protected]!6.x/6.!%/!+&*2+,,=!8)..\%0$!*#!4.+*6I!

[DI 9%*6.)!*6.!C2)4.).)!@+/!+&*2+,,=!1)./.0*!42)%0$!*6.!*%C.!#8!4.+*6!#8! *6.!:%&*%C!#)! *6.=!@.).!.,/.@6.)[email protected]!*6.!:%&*%C!4%.4I! !56.!#0,=! 1.)/#0! @6#! @+/! 1)./.0*! 42)%0$! *6.! *%C.! #8! 4.+*6! #8! *6.!:%&*%C!@+/! *6.!C+%4F!@6#!@.!6+:.!+,).+4=!1)#:.0! *#!0#*!L.! *6.!C2)4.).)I!!56.).8#).F!@.!&+0!&#0&,24.!*6+*!*6.!C2)4.).)!@+/!0#*!1)./.0*!42)%0$!*6.!*%C.!#8!4.+*6!#8!*6.!:%&*%CI!

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

! [RE!

.

.

.

.

.

.

.

5^.C=.. D4/*2/++4$*.!2*1+($,-.

.

D4/*2/+.,7(.<%''%&4$*./2*1+($,-X.

.

[I B8!<#60!)20/!8#)!C+=#)F!*6.0!/#!@%,,!V+)=I!!<#60!@%,,!)20!8#)!C+=#)I!!56.).8#).F!/#!@%,,!V+)=I!

AI GC#>%0$!%/!L+4!8#)!=#2)!6.+,*6I!!B*!C+>./!,20$!4%/.+/.!C#).!,%>.,=I!!B*!+,/#!)2%0/!=#2)!*..*6I!!!

XI 9N.)&%/.!6.,1/!1).:.0*!6%$6!L,##4!1).//2).F!%*!).42&./!*6.!)%/>!#8!:+)%#2/! >%04/! #8! &+0&.)F! +04! %*! 6.,1/! &#0*)#,! L#4=! @.%$6*I!!;11+).0*,=!.N.)&%/.!%/!$##4!8#)!=#2)!6.+,*6I!

PI B8!<#60!+/>/!V+)=!*#!*6.!1)#CF!*6.0!.%*6.)!<2/*%0!#)!(+),#/!@%,,!+/>!;2)#)+! *#! *6.!1)#CI! ! <#60!@%,,! +/>!V+)=! *#! *6.!1)#CI! ! G#F! .%*6.)!<2/*%0!#)!(+),#/!@%,,! +/>!;2)#)+! *#! *6.!1)#CI! !U2*! <2/*%0!@%,,!0#*!+/>!;2)#)+!*#!*6.!1)#CI!!G#F!(+),#/!@%,,!+/>!;2)#)+!*#!*6.!1)#CI!

RI O/+C+!L%0!"+4.0!%/!,%:%0$!.%*6.)!%0!Q+>%/*+0!#)!B)+0I!!W.!&+00#*!L.!,%:%0$! %0! B)+0! L.&+2/.! +0! +0#0=C#2/! %08#)C+0*! /+%4! 6.! /+@! L%0!"+4.0! ,.+:%0$!6%/! 6%4.]#2*! %0! B)+0! +04!6.+4%0$! 8#)! *6.!Q+>%/*+0%!L#)4.)I!!G#F!L%0!"+4.0!C2/*!L.!,%:%0$!%0!Q+>%/*+0I!

EI ;,,!1#,%*%&%+0/!+).!$)..4=I!!V%>.!Q+0>)+/*!%/!+!1#,%*%&%+0I!!G#F!V%>.!Q+0>)+/*! %/! $)..4=I! ! ;,,! $)..4=!1.#1,.! +).! L+4!1.#1,.I! ! G#F!V%>.!Q+0>)+/*!%/!+!L+4!1.)/#0I!!!

SI 56.! 1#//.//%#0! #8! 8%).+)C/! /6#2,4! L.! %,,.$+,I! ! ;,,#@%0$! *6.!#@0.)/6%1! #8! 8%).+)C/! 6+/! +,@+=/! +04! @%,,! +,@+=/! )+%/.! *6.!%0&%4.0*/!#8!$20]).,+*.4!4.+*6/I!!56.!).+/#0!@6=!*6%/!%/!*6.!&+/.!%/!L.&+2/.! @6.0! 8%).+)C/! 6+:.! +! @%4./1).+4! ,.$+,! 4%/*)%L2*%#0F!*6.).! %/!+!$).+*.)!&6+0&.!*6+*!1.#1,.!@%,,! %))./1#0/%L,=!2/.!*6.C!%0!/%*2+*%#0!%0!@6%&6!*6.=!8..,!*6).+*.0.4I!!B*J/!K2/*!62C+0!0+*2).!*#!L.6+:.!*6%/!@+=I!

kI B8!@.!.,.&*!&+04%4+*.! <2,%.!O,/.0!+/!C+=#)!#2)!&)%C.!)+*.!@%,,!$#!21F! L.&+2/.! /6.! 1,+0/! *#! &2*! ,+@].08#)&.C.0*! 8204%0$! +04!L.&+2/.! /6.! 1,+0/! *#! 1+//! +! &%*=! #)4%0+0&.! *6+*! @#2,4! C+>.! %*!

! [RS!

%,,.$+,!*#! ,#%*.)!4#@0*#@0I! !G#F!@.!/6#2,40J*!.,.&*!&+04%4+*.!<2,%.!U)#@0!+/!C+=#)F!L.&+2/.!@.!4#0J*!@+0*!#2)!&)%C.!)+*.!*#!$#!21I!

j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

[DI 56.!C2)4.).)!#8!n)I!56#)0L2)$!C2/*!L.!V/I!n+:.01#)*I!!56.!#0,=!*6)..! 1#//%L,.! /2/1.&*/! @.).! Q)#8.//#)! d20*6.)F! V)I! B:+0#:%&6F!+04! V/I! n+:.01#)*F! +04! %*! &#2,4! 0#*! 1#//%L,=! 6+:.! L..0! .%*6.)!Q)#8.//#)! d20*6.)! #)! V)I! B:#0#:%&6I! ! Q)#8.//#)! d20*6.)! @+/!%08%)C! %0! *6.!6#/1%*+,! 42)%0$! *6.!C2)4.)I! ! 32)*6.)C#).F! /6.!6+4!0#!C#*%:.I! !;04!V)I! B:+0#:%&6!@+/! %0!W+@+%%! 42)%0$! *6.! *%C.!#8!*6.!C2)4.)I! ! U./%4./F!n)I!56#)0L2)$!@+/! /6#*!@%*6! +! IPR! &+,%L.)!6+04!$20F!+04!*6+*!/+C.!6+04!$20!@+/!8#204!%0!V/I!n+:.01#)*J/!&+)!@%*6!6.)!8%0$.)1)%0*/!#0!%*I!!!!!!!!

!!!!!!!.

! [Rk!

.

.

.

.

.

.

.

F/''/"B.:4,'(.814)(.

.F/''/"4(-.%<.6('(H/$"(=.

.

;11.+,!*#!3#)&.!!;11.+,!*#!Q%*=!!;11.+,!*#!*6.!Q.#1,.!!;)$2C.0*!;$+%0/*!*6.!Q.)/#0!!;&&%4.0*!!G*)+@!V+0!!V%//%0$!*6.!Q#%0*!!-.4!W.))%0$!!F/''/"4(-.%<.V(/#.A$)1",4%$.

.

;11.+,!*#!H072+,%8%.4!;2*6#)%*=!!;11.+,!*#!B$0#)+0&.!!W+/*=!d.0.)+,%\+*%#0!!3+,/.!(+2/.!!G,%11.)=!G,#1.!!M.+>!;0+,#$=!!F/''/"4(-.%<.L2(-1+M,4%$`.!+;4*14,B`./$).82/++/,4"/'.!$/'%*B.

!U.$$%0$!*6.!`2./*%#0!

! [Rj!

!(#C1,.N!`2./*%#0!!3+,/.!n%&6#*#C=! ;C16%L#,=!!G211).//.4!9:%4.0&.! ! (#C1#/%*%#0! ! !!972%:#&+*%#0! ! ! ! n%:%/%#0! ! !

.

5^.E=.............F/''/"4%1-.6(/-%$4$*.4$.!2*1+($,/,4%$X..

F%2.(/"7.M/--/*(.)(,(2+4$(.<42-,.4<.,7(2(.4-./$./2*1+($,.4-.M2(-($,X.

A<. ,7(2(. 4-. $%. /2*1+($,. -,/,(. &7/,. #4$). %<. M/--/*(. 4-. M2(-($,X.

0("%$)`.4<./$./2*1+($,.4-.M2(-($,.)(,(2+4$(.&7(,7(2./$B.</''/"B.4-.

M2(-($,X...

"

[I 9+&6! %04%:%42+,! C2/%&%+0! %0! *6.! /=C16#0=! /#204/! :.)=! $##4I!!

56.).8#).F!*6.!.0*%).!/=C16#0=!/6#2,4!/#204!:.)=!$##4I!

AI 56.! $#:.)0#)! %/! *)=%0$! *#! 1+//! +! L%,,! *6+*! @#2,4! /@%*&6! +!

1.)&.0*+$.! #8! #2)! .0.)$=! /#2)&.! 8)#C! &#+,! *#! /#,+)I! ! U2*! *6.!

$#:.)0#)!6+/!/*#&>!%0!/#,+)!.0.)$=F!+04!%/!1)#L+L,=!K2/*!*)=%0$!*#!

1+//! *6.!L%,,! *#! %0&).+/.!6%/!+//.*/I! !56.).8#).!@.!/6#2,4!#11#/.!

*6.!L%,,I!

XI (#&+]&#,+! %/! *6.! L./*! /#4+! %0! *6.! .0*%).! @#),4I! ! 56%/! %/! #L:%#2/!

L.&+2/.!.:.)=#0.!4)%0>/!%*F!+04!*6.!).+/#0!*6.=!4)%0>!%*!%/!L.&+2/.!

%*!%/!*6.!L./*I!

PI 56.! &#C1+0=! /6#2,4!0#*! 6+:.! 8%).4!56#C+/I! ! 9:.0! *6#2$6!6.! %/!

).$2,+),=!,+*.!+04!6.!6+/!/*#,.0!8)#C!*6.!&#C1+0=!/.:.)+,!*%C./F!

6.!6+/!+!8+C%,=!*#!*+>.!&+).!#8I!!W.!&+0J*!+88#)4!*#!,#/.!6%/!K#L!)%$6*!

0#@I!

RI 56.!1+/*! *@#! *%C./! B!6+:.!L..0! *#! *6%/! )./*+2)+0*F! B!6+:.!6+4! *#!

@+%*!+!@6%,.!*#!$.*!C=!8##4I!!56.!C+0+$.C.0*!6.).!C2/*!0#*!&+).!

+*!+,,!+L#2*!72+,%*=!/.):%&.I!

EI B! 6+:.! ,##>.4! *6)#2$6! L#*6! #8! C=! &#+*! 1#&>.*/! .N*).C.,=!

*6#)#2$6,=!C#).!*6+0![D!*%C./!+04!/*%,,!6+:.!0#*!8#204!C=!>.=/I!!

56.).8#).F! %*! %/! /+8.! *#!&#0&,24.! *6+*!C=!>.=/!+).!0#*! %0!C=!&#+*!

1#&>.*/I!

! [ED!

SI B!@+/!+L,.! *#! ).+4! *6.!L##>! aM6.).! *6.!M%,4!56%0$/!;).c! %0!#0.!

@..>.04I!!56.).8#).F!B!/6#2,4!L.!+L,.!*#!).+4!*6.!0#:.,!aM+)!+04!

Q.+&.c!%0!+!@..>.04!+/!@.,,I!

kI 56.).!%/!+!,#*!#8!/#&%+,!1).//2).!*#!%C1,.C.0*!/*)%&*.)!&.0/#)/6%1!

&#4./!#0!1)%C.!*%C.!*.,.:%/%#0!*6./.!4+=/I!!U2*!*6.).!+).!+&*2+,,=!

+! ,#*!#8!$##4!1)#$)+C/!#0!*6.!+%)!+*!*6+*!*%C.I! !-.+,%*=!5?!/6#@/!

+04!*6.!.:.0%0$!0.@/!+).!L#*6!#0!42)%0$!1)%C.!*%C.I!

jI B!6+:.!/..0!/#!C+0=!1.#1,.!4)%:%0$!6=L)%4!:.6%&,./! ,+*.,=I! !56.=!

C2/*!L.!).+,,=!$##4!&+)/I!

[DI ;*! @6+*! 1#%0*! %0! *6.! /.C./*.)! 4%4! =#2! 4.&%4.! *6+*! Q)#8.//#)!

?+%4=+!@+/!*6.!L./*!*.+&6.)!=#2!6+:.!.:.)!6+4!%0!=#2)!.0*%).!,%8.b!

[[I G2/+0!%/!1).**=!*+,,I!!G#F!6.)!>%4/!@%,,!$)#@!21!*#!L.!*+,,F!*##I!

[AI 56.! ,+/*!1.)/#0! *#! *+>.!+! /6#@.)!L.8#).! *6.!4)+%0! /*+)*.4! *#!$.*!

L+&>.4!21!@+/!U)%+0I!!W.!C2/*!L.!*#!L,+C.!8#)!&,#$$%0$!%*!+,,!21I!

[XI "%#0.,! 6+/! ,##>.4! +)#204! +! ,%**,.F! L2*! 6.! /*%,,! &+0J*! /..C! *#! 8%04!

@6.).! %0! *6.!C+,,!1+)>%0$! ,#*!6.!1+)>.4!6%/!&+)I! !W.!C2/*J:.!0#*!

6+:.!1+)>.4!%0!+!4%88.).0*!,#*I!

[PI V+)&2/!@+/!*6.!#0,=!@%*0.//!*#! *6.!&)%C.I! !U2*!V+)&2/!6+/!L..0!

4%+$0#/.4! L=! 6%/! 1/=&6%+*)%/*! @%*6! /&6%\#16).0%+F! 0+)&#,.1/=F!

0.2)#/+)&#%4#/%/F!+04!L.,,!C+0%+!+04!@+/!204.)! *6.! %08,2.0&.!#8!

&)+&>F!1.=#*.F!"GnF!ON=&#0*%0F!+04!6+4!+!L,##4!+,&#6#,!,.:.,!#8!IXR!

+*!*6.!*%C.!#8!*6.!&)%C.I!!56.).8#).F!V+)&2/J!*./*%C#0=!/6#2,4!0#*!

&#20*!+/!.:%4.0&.I!

[RI M6%,.!=#2!,%:.!%0!C=!6#2/.F!=#2!@%,,!L.,%.:.!%0!*6.!:+,2./!B!L.,%.:.!

%0F!#*6.)@%/.!B!@%,,!>%&>!=#2!#2*!#0!*6.!/*)..*I!

[EI B8!+!1+)*%&2,+)!/2L/*+0&.!%/!.N*).C.,=!4.*)%C.0*+,!*#!*6.!6.+,*6!#8!

*6#/.!@6#!2/.!%*F!*6.0!*6.!,.$%/,+*2).!/6#2,4!C+>.!*6+*!/2L/*+0&.!

%,,.$+,I! ! 56.).8#).F! *6.! ,.$%/,+*2).! /6#2,4! C+>.! &#+)/.! $)#204!

L,+&>!1.11.)!%,,.$+,I!

[SI G#C.! 1.#1,.! L.,%.:.! *6+*! ).,%$%#0! /6#2,4! 0#*! L.! *+2$6*! %0!

.,.C.0*+)=!/&6##,/I! !U2*!*6%/!@#2,4!+C#20*!*#!8%)%0$!+0=!*.+&6.)!

@6#!4.&%4./! *#! *.+&6! ).,%$%#0! +0=@+=I! ! ;11+).0*,=! *6./.! 1.#1,.!

+).!K2/*!6#/*%,.!*#@+)4/!*.+&6.)/!+04!@+0*!*6.C!*#!,#/.!*6.%)!K#L/I!!

M.!/6#2,40J*!L.,%.:.!*6.CI!

! [E[!

[kI B!#:.)6.+)4!/#C.!$2=!#0!*6.!/*)..*!/+=%0$!/#C.*6%0$!+L#2*!6#@!

12)%8%.4! @+*.)! &+0! &+2/.! ,%:.)! 8+%,2).I! ! Q2)%8%.4! @+*.)! C2/*! L.!

).+,,=!L+4I!!!BJ,,!0.:.)!4)%0>!*6+*!/*288!+$+%0I!

[jI G#! 8+)F! *6.! V.*/! 6+:.! ,#/*! .:.)=! /%0$,.! $+C.! *6%/! /.+/#0I!!

56.).8#).!*6.=J).!L#204!*#!@%0!+*!,.+/*!#0.!#8!*6.!0.N*!8.@!$+C./I!

ADI G#C.! 1#,%*%&%+0/! /+=! *6.=! +).! %0! 8+:#)! #8! ).,.+/%0$! 1.#1,.! 8)#C!

1)%/#0!@6#!@.).!#0,=!&#0:%&*.4!#8!0#0]:%#,.0*!4)2$!#88.0/./I!!U2*!

%8! @.! 4%4! *6+*F! *6.0! *6.).! @#2,4! 1)#L+L,=! L.! C#).! 1#,%*%&%+0/!

+)$2%0$!8#)!).,.+/%0$!1.#1,.!@6#!6+:.!&#CC%**.4!+)C.4!)#LL.)=F!

8#,,#@.4! L=! +! C#:.C.0*! *#! ).,.+/.! +04! )+1%/*/! +04! C2)4.).)/I!!

Q).**=!/##0!#2)!/*)..*/!@#2,4!L.!8,##4.4!@%*6!4+0$.)#2/!1.#1,.I!!

G#F!@.!/6#2,40J*!).,.+/.!0#0]:%#,.0*!4)2$!#88.04.)/I!

A[I "+/*!/1)%0$!/.C./*.)F!%*!@+/!/200=!@6%,.!B!@+/!*+>%0$!C=!8%0+,!+04!

B!.04.4!21!$.**%0$!+,,!;J/I!!56.).8#).F!%8!%*J/!/200=!@6%,.!BJC!*+>%0$!

*6%/!8%0+,F!B!/6#2,4!$.*!+0!;!+,/#I!

AAI <+/#0J/!$)+4./!6+:.!L..0!/,%11%0$!4#@0!,+*.,=I!!G#F!6.!/6#2,4!K2/*!

4)#1!#2*!#8!/&6##,I!

AXI ;,,! #8! *6.! 6#2/./! 4#@0*#@0! +).! 6%/*#)%&! 6#2/./F! @6%&6! C.+0/!

*6.=!+).!+,,!+*!,.+/*!SR!=.+)/!#,4I!!G#!%*!C2/*!L.!*6.!&+/.!*6+*!+,,!#8!

*6.!,%$6*!8%N*2)./!%0/%4.!+).!+*!,.+/*!SR!=.+)/!#,4!+/!@.,,I!

API B*! /..C/!*6+*!+,,! *6.!)%&6!+04!&,+//=!1.#1,.!+*! *6.!1+)*=!6+4!0%&.!

L#@*%./I! !56.).8#).F! %8! B!.:.)!@+0*!*#!L.!)%&6!+04!&,+//=F! B!/6#2,4!

$.*!C=/.,8!+!L#@*%.I!

ARI V+)*%0! *#,4! 9)%0! *6+*! /6.! /6#2,4! 72%*! /C#>%0$! L.&+2/.! %*! %/!

.N1.0/%:.F!%*!%/!L+4!8#)!6.)!6.+,*6F!%*!6%04.)/!6.)!+L%,%*=!*#!.N.)&%/.F!

%*! /211#)*/! L%$! *#L+&&#! &#)1#)+*%#0/F! %*! %/! 20+**)+&*%:.! *#! C+0=!

1.#1,.!+04! %*!C+>./!6.)!6+%)! +04! &,#*6./! /C.,,!L+4I! !U2*!V+)*%0!

2/.4! *#! /C#>.! 6%C/.,8I! ! G#F! 9)%0! /6#2,40J*! 6..4! +0=! #8! 6%/!

+4C#0%*%#0/I!

AEI 5%CF!6%/!@%8.F!+04!L#*6!#8!*6.%)!C#*6.)/F!8+*6.)/!+04!$)+041+).0*/!

#0!L#*6!/%4./!#8!*6.%)!8+C%,%./!+).!+,,!*+,,I! !56.).8#).F!5%C!+04!6%/!

@%8.J/!L+L=!%/!1)#L+L,=!$#%0$!*#!L.!*+,,!+/!@.,,I!

! [EA!

ASI 56.!1.#1,.!#8!*6%/!&%*=!/6#2,4!:#*.!Y0#J!#0!*6.!1)#1#/%*%#0!#0!*6.!

L+,,#*! *6+*! @#2,4! 4+C! *6.! )%:.)! L.&+2/.! 4+CC%0$! *6+*! )%:.)!

@#2,4!L.!+!L+4!%4.+I!

AkI V=!$)+041+!*#,4!C.!*6+*[email protected]!6.!@+/!+!>%4!+L#2*!ED!=.+)/!+$#F!6.!

2/.4!*#!$#!*#!+!/C+,,! %&.!&).+C!/6#1!&+,,.4! Yn#2L,.!G&##1J!.:.)=!

G+*2)4+=I! ! 5#4+=! %/! G+*2)4+=F! /#! n#2L,.! G&##1! C2/*! L.! #1.0!

*#4+=I!!

AjI <.//.!K2/*!).+4!G*.%0L.&>J/!ad)+1./!#8!M)+*6Fc!+04!*#,4!C.!*6+*!%*!

@+/!+0!%0&).4%L,.!L##>!*6+*!B!K2/*!6+:.!*#!).+4I!!U2*!<.//.!%/!#0.!#8!

*6.! 42CL./*F! C#/*! %,,%*.)+*.! 1.#1,.! B! >0#@I! ! W.! &#2,40J*! *.,,! +!

*%C.,.//! L)%,,%+0*! 1%.&.! #8! ,%*.)+*2).! 8)#C! +! /1#)*/! +)*%&,.! %0! *6.!

C#0*6,=! K20%#)! 6%$6! /&6##,! 0.@/! 12L,%&+*%#0I! ! G#F! ad)+1./! #8!

M)+*6c!%/!1)#L+L,=!+!*.))%L,.!L##>!+04!BJC!0#*!$#%0$!*#!).+4!%*I!

XDI B*J/! %,,.$+,! *#!120&6!1.#1,.!20,.//! %*J/! %0! /.,8!4.8.0/.I! ! G#F!L#N.)/!

+04!H3(!8%$6*.)/!/6#2,4!L.!+))./*.4I!

X[I ;!,#*!#8!*6.!/C+,,!L2/%0.//./!%0!*6.!&#20*)=!6+:.!L..0!/*)2$$,%0$!

,+*.,=I! ! 56+*! C2/*! L.! L.&+2/.! #8! +! $)#@%0$! %0+L%,%*=! #8! /C+,,!

L2/%0.//!#@0.)/!*#!C+>.!$##4!L2/%0.//!4.&%/%#0/I!

XAI B!/+@!+0!+4:.)*%/.C.0*!*6+*!&,+%C.4!*6+*!*6.%)!4%.*!1)#$)+C!&#2,4!

$%:.!C.! +! $#)$.#2/! L#4=! %0! K2/*! P! 6#2)/I! ! B! /2).!@%/6! B! 6+4! +0!

+**)+&*%:.! L#4=I! ! 56%/! 4%.*! 1)#$)+C! /#204/! ,%>.! %*! @#2,4! @#)>!

1.)8.&*,=!8#)!C.I!

XXI Q.#1,.!/6#2,40J*!L.!+8)+%4!#8!4=%0$I! !;8*.)!+,,F!4=%0$!%/0J*!*6.!.04l!

@.J,,!+,,!$#!*#!6.+:.0!#)!L.!).%0&+)0+*.4!#)!/#C.*6%0$!,%>.!*6+*I!

XPI 9%*6.)!=#2!$)+42+*.!&#,,.$.!#)!=#2!L.&#C.!+!L2C!8#)! *6.!)./*!#8!

=#2)!,%8.I!!B*J/!+/!/%C1,.!+/!*6+*I!

XRI O0!)+%0=!4+=/F!G+,,=!/+=/!/6.!,%>./!*#!/*+=!+*!6#C.!+,,!4+=!+04!K2/*!

,%/*.0!*#!*6.!)+%0!8+,,!%0!6.)!L.4)##CI!!G6.!C2/*!6+:.!+!,.+>=!)##8I!

XEI G6.%,+! +,@+=/! .+*/! :.)=! )%&6! 4.//.)*/I! ! G6.! C2/*! 6+:.! +! ,#*! #8!

C#0.=I!

XSI 56.! 1)%/#0! @#)>.)/J! 20%#0! %/! 4.C+04%0$! C#).! /2L/*+0*%+,!

1.0/%#0!1+&>+$./!8#)!*6.%)!@#)>.)/I!!U2*!%8!@.!1)#:%4.!*6.C!@%*6!

*6.! 8204%0$! *6.=! +).! 4.C+04%0$F! *6.! 0.N*! *6%0$! *6.=J).! $#%0$! *#!

+/>! 8#)! %/! $).+*.)! 6.+,*6! L.0.8%*/F! +04! *6.0! 6%$6.)! /+,+)%./F! +04!

! [EX!

1).**=!/##0!*6.!/*+*.!%/!$#%0$!*#!$#!L+0>)21*!*)=%0$!*#!1+=!8#)!+,,!#8!

*6%/I! ! M.! /6#2,4! 0#*! $%:.! *6.C! *6.! 8204%0$! 8#)! *6.%)! 1.0/%#0!

1+&>+$./I!

XkI V+0=! 1#,%*%&%+0/! *#4+=! +).! &#0/%4.)%0$! 1#,%&%./! *6+*! 12*! C#).!

)./*)%&*%#0/! #0! *6.! /.,,%0$! +04! 12)&6+/%0$! #8! *#L+&&#! 1)#42&*/I!!

U2*! *6./.! 1#,%&%./! +).! L+/%&+,,=! 1#,%&%./! *6+*! 6+:.! +L/#,2*.,=! 0#!

)./1.&*! 8#)!+2*#0#C=!+04!#2)!)%$6*!*#!&6##/.!@6+*!*#!12*! %0!#2)!

#@0! L#4=I! ! ;04! +0=! 1#,%&=! *6+*! %/! /#! )+4%&+,! *6+*! %*! @+0*/! *#!

&#C1,.*.,=! *6)#@! +@+=! +,,! #8! #2)! %04%:%42+,! 8)..4#C! %/! +!

)%4%&2,#2/!1#,%&=I!!!!

XjI G&%.0*%/*/! /*%,,! 6+:.0J*! 8#204! +! &2).! 8#)! ;,\6.%C.)J/! 4%/.+/.! +04!

*6.=!6+:.!L..0!/.+)&6%0$!8#)!+!,#0$!*%C.I!!B*!C2/*!L.!+0!%0&2)+L,.!

4%/.+/.I!

PDI 56.!@.+*6.)!8#).&+/*!/+=/!%*!/6#2,4!L.!6#*!jR~3!%0!G+0!<#/.!*#4+=I!!

U#*6!G+0!<#/.!+04!G+0!3)+0&%/&#!+).! %0!*6.!L+=!+).+I! ! B0! 8+&*F! *6.!

*@#! &%*%./! +).! #0,=! +! 72%&>! PD! C%,./! +1+)*I! ! G#F! G+0! 3)+0&%/&#!

/6#2,4!L.!1).**=!6#*!*#4+=!+/!@.,,I!

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

! [EP!

.

.

.

.

.

.

.

.

.

5^.I=.. 524,(24/.<%2.GH/'1/,4$*.!2*1+($,-.

.

!$-&(2.,7(.<%''%&4$*.@1(-,4%$-=.

![I 9N1,+%0!*6.!4%/*%0&*%#0!L.*@..0!*6.!8#)C!#8!+0!+)$2C.0*!+04!*6.!

&#0*.0*!#8!+0!+)$2C.0*I!d%:.0!+0!.N+C1,.!%0!=#2)!.N1,+0+*%#0I!!

AI B/! :+,%4%*=! +! 8#)C+,! 1)#1.)*=! #8! +0! +)$2C.0*! #)! +! &#0*.0*! L+/.4!1)#1.)*=!#8!+0!+)$2C.0*b!

!XI 9N1,+%0! @6=! +! /#204! +)$2C.0*! &+00#*! 6+:.! +! 8+,/.! &#0&,2/%#0I!

u#2)!.N1,+0+*%#0!&+0!*+>.!*6.!8#)C!#8!+0!+)$2C.0*!%0:#,:%0$!*6.!4.8%0%*%#0/!#8!:+,%4%*=!+04!/#2040.//I!

!PI d%:.! +0! .N+C1,.! #8! +! :+,%4! +)$2C.0*! @%*6! +0! +&*2+,,=! 8+,/.!

1).C%/.!+04!+0!+&*2+,,=!*)2.!&#0&,2/%#0I!!RI 9N1,+%0! @6=! +0! +)$2C.0*! &+0! 8+%,! *#! L.! $##4! .:.0! *6#2$6! %*! %/!

:+,%4!+04!/#204I!Q)#:%4.!+0!.N+C1,.I!!EI M6+*!+).!*6.!*@#!>%04/!#8!/211#)*!*6+*!*6.!%08.).0*%+,!&,+%C!#8!+0!

+)$2C.0*!&+0!C+>.b!9N1,+%0!*6.!4%88.).0&.!L.*@..0!*6.!*@#!@%*6!)./1.&*!*#!@6+*!*6.!+2*6#)!#8!*6.!+)$2C.0*!%0*.04/!*#!L.!*6.!&+/.I!

!SI G*+*.!*6.!4.8%0%*%#0!#8!+0!%0:+,%4!+)$2C.0*I!!kI M6+*! +).! *6.! *@#!@+=/! %0! @6%&6! +0! +)$2C.0*! &+0! L.! ).04.).4!

20/#204b!!

! [ER!

jI B/! /#2040.//!+! 8#)C+,!1)#1.)*=!#8! +0!+)$2C.0*F! +! &#0*.0*!L+/.4!1)#1.)*=!#8!+0!+)$2C.0*F!#)!L#*6b!

![DI (+0! +! :+,%4! +)$2C.0*! 6+:.! +,,! +&*2+,,=! *)2.! 1).C%/./! +04! +0!

+&*2+,,=!8+,/.!&#0&,2/%#0b!!!!!!!.

.

.

57.J=... :7(.K/$*1/*(.%<.L2%M%-4,4%$/'.K%*4".

!>-4$*. ,7(. -,24",. )(<4$4,4%$. %<. /. &(''P<%2+(). <%2+1'/. "42"'(. ,7(.

-,24$*-.,7/,./2(.&(''P<%2+()=.

!

^+_!! "!^Q!

^L_!! #!^Q!¬!

^&_! ^Q!"!`_!

^4_! ^Q!$!`_!"!^-!%!G_!

^._!! "¬#Q!

^8_! ^Q!$!`!^!%!-!

^$_! ^Q!"!`!

^6_! ¬Q!"!^`$-_!!

^%_! ^Q!"!`_!"!-!"!G!

^K_! ^Q!"!`!"!-_!!D(,(2+4$(.,7(.+/4$."%$$(",4H(.%<.(/"7.%<.,7(.<%''%&4$*.<%2+1'/-=.

!

^[_! ^^Q!"!`_!$!-_!

^A_! ¬^Q!"!`_!

^X_! ^¬^Q!"!`_!#!^-!%!G__!

^P_! ^^Q!$!`_!%!^-!$!G__!"!5_!

^R_! ¬^^^Q!%!G_!"!`_!#!-_!

^E_! ^^Q!"!`_!"!^-!"!G__!

^S_! ^^Q!"!`_!%!^5!%!G__!

^k_! ^^Q!$!`_!$!^G!$!5__!

^j_! ^^-!#!G_!"!¬5_!

^[D_! ^^^Q!$!`_!"!5_!%!G_!

! [EE!

!9N1,+%0! *6.!4%88.).0&.!L.*@..0! &+1%*+,! ,.**.)/! *6+*! +).! .,.C.0*/!#8! *6.!,+0$2+$.!#8!Q"F!+04!,#@.)!&+/.!,.**.)/!*6+*!+).!/*)%&*,=!/1.+>%0$!0#*!1+)*!#8!*6.!,+0$2+$.!#8!Q"I!!!.

.

.

.

V24,(.%1,. ,7(. ,21,7P<1$",4%$/'.)(<4$4,4%$. <%2.(/"7.%<. ,7(. <%''%&4$*.

<%2+1'/-=.

.

^[_! ^Q!"!`_!!!!!

^A_. ^Q!%!`_!!!!!

^X_! ^Q!$!`_!!!!!

^P_! ¬Q!!!!!

^R_! ^Q!#!`_!!!!!M6=! +).! *6.! &#00.&*%:./! +04! #1.)+*#)/! #8! 1)#1#/%*%#0+,! ,#$%&! &+,,.4!*)2*6]820&*%#0+,b!9N1,+%0!=#2)!+0/@.)!:%+!+!C+*6.C+*%&+,!+0+,#$=I!!

! [ES!

!!!!!!!!.

:2/$-'/,4%$.814)(=..

0,/,(+($,.K(,,(2.%<.LK=.QF!`F!-F!GF!5F!HF!?F!yF!uF!zI!

K%*4"/'.[M(2/,%2-.%<.LK=.#F!"F!¬F!$F!%!61'(-.%<.0B$,/U.<%2.LK=.

K(,. -. /$). 5. ;(.+(,/P'4$*14-,4". H/24/;'(-. 2/$*4$*. %H(2.&(''P<%2+(). <%2+1'/-.

aVFF-b.%<.LKX.

.

?X GH(2B.0,/,(+($,.K(,,(2.%<.LK.4-./.VFF.

CX A<.-./$).5./2(.VFF`.,7($.-%.4-..

. a4b. ¬-&

. a44b. a-.$ .5b.

. a444b. a-&% .5b.

. a4Hb. a-." .5b.

. aHb. a-.# .5b.

EX T%,74$*.4-./.VFF.1$'(--.4,.<%''%&-.<2%+.a?b./$).aCbX..

0(+/$,4".%<.LK=.

.

?X ¬-.4-.,21(.&7($.-.4-.</'-(`./$).</'-(.&7($.-.4-.,21(X.

CX a-.$ .5b.4-.,21(.Z1-,.4$."/-(.;%,7.-./$).5./2(.,21(`.</'-(.%,7(2&4-(X.

EX a-&% .5b.4-.</'-(.Z1-,.4$."/-(.;%,7.-./$).5./2(.</'-(`.,21(.%,7(2&4-(X.

IX a-." .5b.4-.</'-(.Z1-,.4$."/-(.-.4-.,21(./$).5.4-.</'-(`.,21(.%,7(2&4-(X.

JX a-.# .5b.4-.,21(.Z1-,.4$."/-(.(4,7(2.;%,7.-./$).5./2(.,21(.%2.;%,7.-&/$).5.

/2(.</'-(X.

.

G$*'4-7. :2/$-'/,4%$.

B*!%/!0#*!*6.!&+/.!*6+*!QI! ¬Q!

Q!+04!`I!Q!L2*!`I!;,*6#2$6!QF!`I!! ^Q!$!`_!9%*6.)!Q!#)!`I!Q!#)!`I! ^Q!%!`_!B8!QF!*6.0!`I! ^Q!"!`_!

Q!%8!`I! ^`!"!Q_!Q!#0,=!%8!`I! ^Q!"!`_!

Q!%8!+04!#0,=!%8!`I! ^Q!#!`_!Q!K2/*!%0!&+/.!`I! ^Q!#!`_!

! [Ek!

m.%*6.)!Q!0#)!`I! ¬^Q!%!`_!

B*!%/!0#*!*6.!&+/.!*6+*!!L#*6!Q!+04!`I!

¬^Q!$!`_!

U#*6!0#*!Q!+04!0#*!`I! ^¬Q!$!¬`_!O0,=!%8!QF!`I! ^`!"!Q_!

Q!%/!0.&.//+)=!8#)!`I! ^`!"!Q_!Q!%/!/288%&%.0*!8#)!`I! ^Q!"!`_!

Q!%/!L#*6!0.&.//+)=!+04!/288%&%.0*!8#)!`I! ^Q!#!`_!Q!20,.//!`! !^Q!%!`_!#)!^¬Q!"!`_!

5^.N=.. :2/$-'/,4%$.V%2#;%%#.

.

:2/$-'/,(.,7(.<%''%&4$*.G$*'4-7.-,/,(+($,-.4$,%.LK.1-4$*./.-"7(+(.

%<./;;2(H4/,4%$X.

![I 9%*6.)!<#60!%/!*+,,!#)!V+)=!%/!/6#)*I!

!AI m.%*6.)!<#60!0#)!V+)=!1+//.4!*6.%)!.N+CI!!XI B*!%/!0#*!*6.!&+/.!*6+*!V+)[email protected]*!*#!/&6##,I!!PI U#*6!<%C!+04!U%,,[email protected]*!*#!1)+&*%&.I!!RI B*!%/!0#*!*6.!&+/.!*6+*!.%*6.)!U%,,!#)!V+)=!K#%0.4!*6.!+)C=I!!EI U#*6!z%4+0.!+04!U.&>6+C!1,+=!8#)!-.+,!V+4)%4I!!SI B*!%/!0#*!*6.!&+/.!*6+*!L#*6!z%4+0.!+04!-%L.)=!@%,,!1,+=!8#)!!

3)+0&.I!!!

kI m.%*6.)!3)+0&.!0#)!d.)C+0=!@%,,!1,+=!8#)!A04!1,+&.I!!jI <%C!%/!0#*!)200%0$!*6%/!@..>I!![DI V+)=!+04!5#C!+).!$#%0$!*#!*6.!1+)>I!![[I V+)=!@%,,!0#*!K#%0!*6.!*.+C!+04!@%,,!0#*!1,+=!*6.!8,2*.I!![AI -.$2,+)! .N.)&%/.! +04! 6+:%0$! +! L+,+0&.4! 4%.*! +).! $##4! 8#)! #0.J/!

6.+,*6I!!

! [Ej!

[XI <#60!@%,,!$#!*#!/&6##,F!+04!.%*6.)!V+)=!@%,,!0#*!$#!*#!*6.!1+)>!#)!<%C!@%,,I!!

![PI <#60F!+04!.%*6.)!V+)=!#)!3)+0>!@%,,!+**.04!&62)&6!*#4+=I!!![RI 9%*6.)!/#&&.)!8+0/!+).!C.,,#@!#)!*6.=!+).!6=1.)!.N&%*.4I!![EI V+)=!+04!U.*6+0=!@%,,!0#*!*)=!#2*!8#)!*6.!*.+CI!![SI B*!%/!0#*!*)2.!*6+*!V+)=!+04!U.*6+0=!@%,,!0#*!*)=!#2*!8#)!*6.!&,2LI!![kI 9%*6.)!U.*6+0=!@%,,!0#*!@%0!#)!V+)=!@%,,!0#*!@%0I!![jI B*!%/!0#*!*6.!&+/.!*6+*!V+)=!@%,,!0#*!@%0I!!!ADI 9%*6.)!V+)=!@#0J*!@%0F!#)!<%C!+04!U%,,!@%,,!$#!#0!*#!*6.!/.C%8%0+,/I!!A[I B8!V+)=!$#./!*#!&62)&6F!U%,,!@%,,!K#%0!*6.!&6#%)I!!AAI <#60!@%,,!$#!*#!/&6##,!#0,=!%8!G2.!$#./!*#!/&6##,I!!AXI W+:%0$!+!4)%:.)J/!,%&.0/.!%/!+!0.&.//+)=!&#04%*%#0!8#)!4)%:%0$!+!&+)I!!API ;! /288%&%.0*! &#04%*%#0! 8#)! L.%0$! +!HG! &%*%\.0! %/! L.%0$!L#)0! %0! *6.!

HGI!!ARI <#60!@%,,!K#%0!*6.!*.+CF!%8!V+)>!K#%0/!*6.!*.+CI!!AEI B8!<#60!4#./!0#*!1+//!*6.!*./*F!*6.0!<#60!@%,,!6+:.!*#!*+>.!%*!+$+%0I!!ASI B8!V+)=!%/0J*!*6.!4+2$6*.)!#8!G+C+0*6+F!*6.0!%*!%/!0#*!*6.!&+/.!*6+*!

V+)=!%/!*6.!4+2$6*.)!#8!U%,,I!!AkI O0,=!%8!V+)=!@%0/!*6.!9,.&*%#0F!@%,,!U%,,!)20!*6.!8#,,#@%0$!=.+)I!!AjI <2/*! %0!&+/.!<%C!$.*/!+0!;!#0!.:.)=!.N+CF!@%,,! <%C!$.*!+0!;!%0!*6.!

&,+//I!!XDI <#60!%/!)./1#0/%L,.!8#)!*6.!&)%C.!#0,=!%8!<#60!%/!+!8)..!+$.0*I!

! [SD!

!X[I B8!<#60!6+/!+!K2/*%8%.4!*)2.!L.,%.8!*6+*!+!/72+).!%/!+!).&*+0$,.F!*6.0!

<#60!>0#@/!*6+*!+!/72+).!%/!+!).&*+0$,.I!!XAI ;!0.&.//+)=!+04!/288%&%.0*!&#04%*%#0! 8#)! <#60!L.%0$!+!C.CL.)!#8!

*6.!y!&,2L!%/!L.%0$!#:.)!A[I!!!XXI V+)=!%/!$#%0$!*#!/&6##,!%8!+04!#0,=!%8!V+)=!@+>./!21I!!XPI <#60!%/!$#%0$!*#!@%0!*6.!.,.&*%#0!%8!+04!#0,=!%8!<#60!@%0/!Xk!/*+*./I!!XRI 3)+0&.!@%,,!@%0!*6.!@#),4!&21!%8!+04!#0,=!%8!3)+0&.!L.+*/!B*+,=I!!XEI <#60!@%,,!@%0!*6.!.,.&*%#0!#0,=!%8!V+)=!@%*64)+@/I!!XSI B8!3)+0&.!@%0/!$)#21!UF! *6.0! %8!d.)C+0=!@%0/!d)#21!;F!d.)C+0=!

@%,,!1,+=!3)+0&.!#0,=!%8!B*+,=!6+/!,.//!1#%0*/!*6+0!3)+0&.!!XkI d.)C+0=! @%,,! 1,+=! 3)+0&.! #0,=! %8! B*+,=! 6+/! 8.@.)! 1#%0*/! *6+0!

3)+0&.I!!XjI B8! <#60!$#./! *#! /&6##,F! *6.0!V+)=!@%,,! /*+=!6#C.F!#0,=! %8!U%,,!@%,,!

)%4.!6%/!L%>.I!!!PDI 3)+0&.!+4:+0&./F!%8!G1+%0!L.+*/!d.)C+0=I!!:2/$-'/,(. ,7(. <%''%&4$*. G$*'4-7. -,/,(+($,-. 4$,%. LK. 1-4$*. ,7(.

<%''%&4$*. -"7(+(. %<. /;;2(H4/,4%$. PP. c=. c4)/$(. &4''. M'/B. <%2. F5.

\/2"('%$/X.6=.64;(2B.&4''.M'/B. <%2.F2/$"(X.L=.L/1'(,,/.&4''.M'/B. <%2.

8(2+/$BX.:=.:(H(9.&4''.M'/B.<%2.!2-($/'I!!!P[I z%4+0.!@%,,!1,+=!8#)!3(!U+)&.,#0+l!#0,=!%8!.%*6.)!5.:.\!@%,,!1,+=!8#)!

;)/.0+,!#)!Q+2,.**+!@%,,!1,+=!8#)!d.)C+0=I!!

PAI 9%*6.)!5.:.\!@%,,!1,+=!8#)!;)/.0+,!#)!-%L.)=!@%,,!1,+=!8#)!3)+0&.F!%8!+04!#0,=!%8!Q+2,.**+!@%,,!1,+=!8#)!d.)C+0=!+04!z%4+0.!@%,,!1,+=!8#)!3(!U+)&.,#0+I!

!

! [S[!

PXI m.%*6.)! -%L.)=! @%,,! 1,+=! 8#)! 3)+0&.! 0#)! z%4+0.! @%,,! 1,+=! 8#)! 3(!U+)&.,#0+F!%8!5.:.\!@%,,!1,+=!8#)!;)/.0+,I!

!PPI B*!%/!0#*!*6.!&+/.!*6+*!L#*6!5.:.\!@%,,!1,+=!8#)!;)/.0+,!+04!Q+2,.**+!

@%,,!1,+=!8#)!d.)C+0=F! %8!.%*6.)!z%4+0.!@%,,!1,+=!8#)!3(!U+)&.,#0+!#)!-%L.)=!@%,,!1,+=!8#)!3)+0&.I!

!PRI m.%*6.)! Q+2,.**+! @%,,! 1,+=! 8#)! d.)C+0=F! %8! 5.:.\! @%,,! 1,+=! 8#)!

;)/.0+,l!0#)!z%4+0.!@%,,!1,+=!8#)!3(!U+)&.,#0+F!%8!-%L.)=!@%,,!1,+=!8#)!3)+0&.I!

!PEI B*!%/!0#*!*6.!&+/.!*6+*!Q+2,.**+!@%,,!1,+=!8#)!d.)C+0=F!#0,=!%8!5.:.\!

@%,,!1,+=!8#)!;)/.0+,I!!PSI z%4+0.!@%,,!0#*!1,+=!8#)!3(!U+)&.,#0+F!%8!+04!#0,=!%8!Q+2,.**+! @%,,!

1,+=!8#)!d.)C+0=I!!PkI O0,=!%8!Q+2,.**+!1,+=/!8#)!d.)C+0=F!@%,,!z%4+0.!0#*!1,+=!8#)! 3(!

U+)&.,#0+I!!!PjI B8!0.%*6.)!z%4+0.!1,+=/!8#)!3(!U+)&.,#0+!0#)!-%L.)=!1,+=/! 8#)!

3)+0&.F!*6.0!Q+2,.**+!@%,,!0#*!1,+=!8#)!d.)C+0=I!!!RDI B8!z%4+0.!@%,,!1,+=!8#)!3(!U+)&.,#0+F!*6.0!.%*6.)!Q+2,.**+!@%,,!1,+=!

8#)!d.)C+0=!#)!-%L.)=!@%,,!0#*!1,+=!8#)!3)+0&.I!!:2/$-'/,(. ,7(. <%''%&4$*. G$*'4-7. -,/,(+($,-. 4$,%. LK. 1-4$*. ,7(.

<%''%&4$*. -"7(+(. %<. /;;2(H4/,4%$. ]. L=.3/2B.&4$-. ,7(. M24+/2BX. d=.

\4''.&4$-.,7(.-("%$)/2BX.6=.01-/$.;(/,-.e%7$X.0=.K4-/.;(/,-.F2/$#X.:=.

:%+.&4$-.,7(.<4$/'X.

!R[I !B*!%/!0#*!*6.!&+/.!*6+*!5#C!@%0/!*6.!8%0+,F!%8!.%*6.)!V+)=!@%0/!*6.!

1)%C+)=!#)!G2/+0!L.+*/!<#60I!!

RAI 9%*6.)! G2/+0! L.+*/! <#60! #)! "%/+! L.+*/! 3)+0>F! #0,=! %8! L#*6! V+)=!@%0/!*6.!1)%C+)=!+04!U%,,!@%0/!*6.!/.&#04+)=I!

!RXI m.%*6.)!G2/+0!@%,,!L.+*! <#60!0#)!U%,,!@%0!*6.!/.&#04+)=F! %8!.%*6.)!

"%/+!L.+*/!3)+0>!#)!V+)=!@%0/!*6.!1)%C+)=I!

! [SA!

!RPI B*! %/!0#*! *6.! &+/.! *6+*!G2/+0!@%,,!L.+*! <#60!+04! %*! %/!0#*! *6.! &+/.!

*6+*!V+)=!@%,,!@%0!*6.!1)%C+)=I!!RRI B*! %/!0#*! *6.!&+/.! *6+*!5#C!@%,,!@%0! *6.! 8%0+,! %8!+04!#0,=! %8!.%*6.)!

V+)=!@%0/!*6.!1)%C+)=!#)!G2/+0!L.+*/!<#60I!!REI 9%*6.)!G2/+0!L.+*/!<#60!#)!%8!V+)=!@%0/!*6.!1)%C+)=F!"%/+!@%,,!L.+*!

3)+0>I!!RSI B*! %/! 0#*! *6.! &+/.! *6+*! V+)=! @%0/! *6.! 1)%C+)=F! U%,,! @%0/! *6.!

/.&#04+)=F!+04!G2/+0!L.+*/!<#60I!!RkI B8!"%/+!L.+*/!3)+0>F!*6.0!5#C!@%0/!*6.!8%0+,!#0,=!%8!V+)=!@%0/!*6.!

1)%C+)=I!!RjI 5#C!@%,,!@%0! *6.! 8%0+,! 20,.//!V+)=!@%0/! *6.!1)%C+)=! +04! G2/+0!

L.+*/!<#60I!!

!!!!!!!!!!!!!!!!!!

.

.

.

! [SX!

.

.

.

.

.

.

.

:21,7P:/;'(.814)(.

.

:21,7P:/;'(-=.

.

56.! 02CL.)! #8! )#@/! *6+*! +! *)2*6]*+L,.! ).72%)./! %/! 4.*.)C%0.4! L=! *6.!8#)C2,+!A0F!@6.).!0!{!*6.!02CL.)!#8!L+/%&!/*+*.C.0*!,.**.)/I!B8!=#2!6+:.!X!L+/%&!/*+*.C.0*!,.**.)/F!QF!`F!-F!*6.0!=#2!0..4!A0!{!kI!56.!.+/%./*!@+=!*#! &#0/*)2&*! +! *)2*6]*+L,.! @%*6#2*! C%//%0$! +! 1#//%L,.! &#CL%0+*%#0! #8!*)2*6!:+,2./!%/!*#!C+>.!*6.!8%)/*!&#,2C0!6+,8!*)2.!+04!6+,8!8+,/.F!+04!*6.!0.N*! &#,2C0!6+,8! *)2.!+04!6+,8! 8+,/.F! +04!/#!#0!4#@0! 8#)!.+&6!&#,2C0I!3#)!

.N+C1,.F!%8!=#2!6+:.!X!&#,2C0/F!=#2!6+:.!k!)#@/I!56.!8%)/*!&#,2C0!$.*/!P! Y5JF! 8#,,#@.4! L=! P! Y3JI! 56.! 0.N*! &#,2C0! $.*/! A! Y5J! 8#,,#@.4! L=! A! Y3J!8#,,#@.4! L=! A! Y5J! 8#,,#@.4! L=! A! Y3JI! 56.! ,+/*! &#,2C0! $.*/! Y5JF! Y3J!+,*.)0+*%0$!.:.)=!)#@I!

K%*4"/'.6('/,4%$. :21,7P:/;'(.

(#0*%0$.0*! G#C.!5!+04!G#C.!3!

5+2*#,#$2/! ;,,!5!

(#0*)+4%&*#)=! ;,,!3!

972%:+,.0*! 9:.)=!)#@!6+/!*6.!/+C.!*)2*6]

! [SP!

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

57.O=. . :21,7P:/;'(.!$/'B-4-..

.

>-4$*. /. "%+M'(,(. ,21,7P,/;'(. )(,(2+4$(. <%2. (/"7. %<. ,7(. <%''%&4$*.

&<<-.&7(,7(2.,7(.&<<.4-.,/1,%'%*1-`."%$,4$*($,`.%2."%$,2/)4",%2BX..

!

[I ^Q!"!^`!"!Q_!

AI ^¬Q!"!Q_!

XI ^Q!"!^Q!%!^`!%!-_!

PI ¬¬Q!

RI ¬^Q!$!`_!!>-4$*. /. "%+M'(,(. ,21,7P,/;'(. )(,(2+4$(. <%2. (/"7. %<. ,7(. <%''%&4$*.

-(,-. %<. &<<-. &7(,7(2. ,7(. -(,. "%$,/4$-. (@14H/'($,. &<<-`. -/,4-<4/;'(.

:+,2.I!

G+*%/8%+L,.x(#0/%/*.0*! ;*! ,.+/*! #0.! )#@!@6.).! .:.)=!8#)C2,+!%/!*)2.I!

H0/+*%/8%+L,.xB0&#0/%/*.0*! m#!)#@!@6.).!.:.)=!8#)C2,+!%/!*)2.I!

?+,%4! m#!)#@!@6.).!1).C%/./!+).!5F!+04!&#0&,2/%#0!%/!3I!

! [SR!

&<<-`. %2. 1$-/,4-<4/;'(. &<<-X. T%,(=. /. -(,. %<. &<<-. +/B. ;(. ;%,7.

(@14H/'($,./$).-/,4-<4/;'(.%2.(@14H/'($,./$).1$-/,4-<4/;'(X.

!EI �^Q!"!`_F!^¬Q!%!`_�!SI �¬^¬Q!$!¬`_F!^Q!%!`_�!kI �^Q!#!`_F!^^Q!%!`_!$!¬^Q!$!`__�!jI �^Q"!`_F!^`"Q_�![DI �¬^Q!"!`_F!^Q!$!¬`_�!!>-4$*. /. "%+M'(,(. ,21,7P,/;'(. )(,(2+4$(. &7(,7(2. ,7(. <%''%&4$*.

/2*1+($,-./2(.H/'4)X..

.

[[I ^Q!%!`_F!¬Q!x!`![AI Qx!^Q!%!`_![XI ^Q!"!`_F!¬Q!x!¬`![PI ^Q!"!`F!¬`!x!¬Q![RI ^Q!"!^`!"!-_F!^Q!"!`_!x!^`!"!-_!!9N1,+%0!6#@!*6.!&#0&.1*!#8!:+,%4%*=!%/!&+1*2).4!L=!+!*)2*6]*+L,.!*./*!8#)!:+,%4%*=I!^W%0*T!*6%0>!+L#2*!@6+*!)#@/!+04!&#,2C0/!).1)./.0*!).,+*%:.!*#!*6.!4.8%0%*%#0!#8!+0!%0:+,%4!+)$2C.0*I_I..

.

.

.

5^.Q=.. A$)42(",P:/;'(.!$/'B-4-.

.

>-4$*. ,7(. 4$)42(",P,/;'(.+(,7%).)(,(2+4$(.&7(,7(2. ,7(. <%''%&4$*.

-(,-.%<.M2%M%-4,4%$-./2(.-/,4-<4/;'(X.

.

[I �^Q!"!`_F!^¬Q!%!`_�!

AI �¬^¬Q!$!¬`_F!^Q!%!`_�!

XI �^Q!$!`_F!^Q!%!`_�!

PI �^Q!#!`_F!^¬Q!$!¬`_�!

RI �^Q!"!`_F!^Q!$!¬`_�!!>-4$*. ,7(. 4$)42(",P,/;'(.+(,7%).)(,(2+4$(.&7(,7(2. ,7(. <%''%&4$*.

/2*1+($,-./2(.H/'4)X.

.

! [SE!

EI ^Q!"!`_F!¬Q!x!¬`!SI ^Q!#!`_F!¬`!x!¬Q!kI Q!x!^Q!$!`_!jI ^Q!"!`_F!^`!"!-_!x!^Q!"!-_![DI ^Q!%!`_F!^`!%!-_!x!^Q!%!-_!!9N1,+%0! 6#@! *6.! %04%).&*]*+L,.! C.*6#4! @#)>/! %0! *6.! &+/.! #8! 1)#:%0$!/+*%/8%+L%,%*=F! +04! :+,%4%*=I! ^W%0*T! *6%0>! +L#2*! *6.! ).,+*%#0! L.*@..0! +0!%04%).&*]*+L,.!+04!+!&#C1,.*.!*+L,.I_I!!!!!!!!!!!!!!!!!:21,7P:2((.61'(.814)(.

.

!.,2((P,(-,.4-./."%$-4-,($"B.,(-,.<%2./.*4H($.4$M1,.-,/"#X.:7(.-,/"#.4-.

,7(.4$M1,`./$).;B./MM'B4$*.,7(.21'(-.%$(.;2(/#-.)%&$./''."%+M'(U.

<%2+1'/-.4$,%.(4,7(2./<<42+/,4%$-.%2.$(*/,4%$-.%<./,%+4".-,/,(+($,.

'(,,(2-X..

.

5'%-(). L/,7. 61'(=. 4<. /$. <%2+1'/. /$). 4,-. $(*/,4%$. /MM(/2. %$. ,7(.

-/+(.M/,7`.,7($.,7(2(.4-./."%$,2/)4",4%$.%$.,7(.M/,7`./$).,71-.,7(.

M/,7.4-."'%-()X.A<.,7(2(.4-.$%."%$,2/)4",4%$.%$./.*4H($.M/,7`.,7(.M/,7.

2(+/4$-.%M($X.

.

5%$-4-,($,=. !. -,/"#. 4-. "%$-4-,($,.&7($. ,7(2(. 4-. /,. '(/-,. %$(. %M($.

M/,7X.

! [SS!

.

A$"%$-4-,($,=.!.-,/"#.4-.4$"%$-4-,($,.&7($.,7(2(./2(.$%.%M($.M/,7-X..

.

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

&

61'(-.<%2.:21,7P:2((.5%$-,21",4%$.

![I! ;0=! *%C.! +! 8#)C2,+! #&&2)/! %0! +! *)..! +04! *6.! 0.$+*%#0! ^%8! %*! %/! +!0.$+*%#0F! %*/! +88%)C+*%#0_! #8! *6.! 8#)C2,+! +*! /#C.! ,%0.! L.,#@! %*! #0! +!&#00.&*.4! L)+0&6! #0.! 1,+&./! +0! y! 204.)0.+*6! *6.! 8#)C2,+F! /%$0%8=%0$!*6+*!*6.!L)+0&6!%/!&,#/.4I!!!!!!!!

¬!!!!y!!AI!;!8#)C2,+!@%*6!*@#!0.$+*%#0/!+11,=%0$!4%).&*,=!*#!%*!&+0!L.!).1,+&.4!#0!+!,%0.!L=!*6.!8#)C2,+!%*/.,8I!!

! [Sk!

¬¬!!!!!!!!!XI! ;! 0.$+*.4! &#04%*%#0+,! %/! L)#>.0! 4#@0! %0*#! +! /%0$,.! *)20>!@%*6! *6.!+88%)C+*%#0! #8! *6.! +0*.&.4.0*! 8#,,#@.4! L=! *6.! 0.$+*%#0! #8! *6.!&#0/.72.0*I!!

!¬!^!!"!!_!! !!

!!!!!!!¬!!!!PI! ;! &#04%*%#0+,! %/! L)#>.0! 4#@0! %0*#! *@#! /.1+)+*.! *)20>/F! #0.! *)20>!@%*6!*6.!0.$+*%#0!#8!*6.!+0*.&.4.0*F!+04!#0.!@%*6!*6.!+88%)C+*%#0!#8!*6.!&#0/.72.0*I!!

!^!!"!!_!!

!!¬!!!!!!!!!!!RI!;!&#0K20&*%#0!%/!L)#>.0!4#@0!%0*#!+!/%0$,.!*)20>!@%*6!*6.!+88%)C+*%#0!#8!L#*6!&#0K20&*/!/*+&>.4I!!!

!^!!$!!_!!!!!!!!!!!!!!!!!!!!!!EI! ;! 4%/K20&*%#0! %/! L)#>.0! 4#@0! %0*#! *@#! *)20>/F! #0.! *)20>! 8#)! .+&6!4%/K20&*I!!

!^!!%!!_!! !!

!SI!;!L%&#04%*%#0+,! %/!L)#>.0!4#@0! %0*#! *@#!*)20>/F!#0.! *)20>!6+/!L#*6!*6.! +88%)C+*%#0! #8! *6.! +0*.&.4.0*! +04! *6.! &#0/.72.0*F! +04! *6.! /.&#04!*)20>!6+/!*6.!0.$+*%#0!#8!L#*6!*6.!+0*.&.4.0*!+04!&#0/.72.0*I!!

!^!!#!!_!

! ¬!!

! ¬!!!

! [Sj!

kI! ;! 0.$+*.4! &#0K20&*%#0! %/! L)#>.0! 4#@0! %0*#! *@#! *)20>/l! .+&6! *)20>!6+/!+!0.$+*%#0!#8!#0.!#8!*6.!&#0K20&*/I!!!

!¬^!!$!!_!

!!!¬!!!!¬!!!jI!;!0.$+*.4!4%/K20&*%#0! %/!L)#>.0!4#@0! %0*#!+! /%0$,.! *)20>!@%*6!.+&6!4%/K20&*!0.$+*.4I!!

!¬^!!%!!_!

!!!!!!!!!¬!!

!!!!!!!!!¬!!![DI!;!0.$+*.4!L%&#04%*%#0+,!%/!L)#>.0!4#@0!%0*#!*@#!*)20>/F!#0.!*)20>!&#0*+%0/! *6.! 0.$+*%#0! #8! *6.! +0*.&.4.0*F! +04! *6.! +88%)C+*%#0! #8! *6.!&#0/.72.0*F!*6.!#*6.)!*)20>!&#0*+%0/!*6.!+88%)C+*%#0!#8!*6.!+0*.&.4.0*F!+04!*6.!0.$+*%#0!#8!*6.!&#0/.72.0*I!!

!¬^!!#!!_!

¬!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

! ¬!!!!!!.

.

57.R=. . :21,7P:2((.!$/'B-4-.

.

>-4$*.,7(.,21,7P,2((.+(,7%)`.)(,(2+4$(.&7(,7(2.,7(.<%''%&4$*.-(,-.

%<.<%2+1'/-./2(.-/,4-<4/;'(.f."%$-4-,($,X.

!

[I! �^Q!"!`_F!¬^¬Q!%!`_�!

AI! �^Q!#!`_F!^^Q!%!`_!$!¬^Q!$!`__�!

XI! �^Q!%!^`!%!-_F!^¬`!$!¬-_�!

PI! �^Q!"!^`!"!-_F!QF!¬-�!

RI! �^Q!$!`_F!^`!%!-_�!.

>-4$*. ,7(. ,21,7P,2((. +(,7%)`. )(,(2+4$(. &7(,7(2. ,7(. <%''%&4$*.

/2*1+($,-./2(.H/'4)X.

! [kD!

!

[I! ^Q!"!`_F!¬`!x!Q!

AI! ^Q!"!`_F!^-!"!G_F!^¬G!%!¬`_!x!^¬-!%!¬Q_!

XI! ^Q!%!^`!%!-_F!^¬`!$!¬-_!x!Q!

PI! ^Q!"!^`!"!-_F!QF!¬-!x!¬`!

RI! ^Q!$!`_!x!^`!%!-_!

EI! ¬^Q!"!`_!x!^¬`!%!-_!

SI! ^Q!%!¬`_F!^¬Q!%!-_!x!^¬-!"!¬Q_!

kI! ^Q!"!`_F!^`!"!Q_!x!^Q!#!`_!

jI!! ^Q!$!`_F!^`!$!¬-_!x!^-!"!¬Q_!

[DI! ^Q!%!¬Q_!"!^`!"!-_!!9N1,+%0!6#@!*6.!*)2*6]*)..!C.*6#4!*./*/!8#)!:+,%4%*=I!

!!!!.

.

T/,12/'.D()1",4%$.61'(.814)(..

61'(-.%<.A$<(2($"(=.

.

.

61'(-.%<.6(M'/"(+($,=.

^VQ_!

^.!"!H_F!.!x!H.

^V5_!

^.!"!H_F!¬H!x!¬..

! [k[!

!

^nm_!

¬¬.!TT!.!

^BC1_!

^¬.!%!H_!TT!^.!"!H_!

^(#0*_!

^.!"!H_!TT!^¬H!"!¬._!!

^nV_!

¬^.!$!H_!TT!^¬.!%!¬H_!

¬^.!%!H_!TT!^¬.!$!¬H_!^9N1_!

^.!"!^H!"!"__!TT!^^.!$!H_!"!"_!

^972%:_!

^.!#!H_!TT!^^.!"!H_!$!^H!"!.__!

^(#0*_!

^.!"!H_!TT!^¬H!"!¬._!

^5+2*_!

.!TT!^.!%!._!

^(#CC_!

^.!%!H_!TT!^H!%!._!

^.!$!H_!TT!^H!$!._!

^;/&_!

^.!%!^H!%!"_!TT!^.!%!H_!%!"_!

^.!$!^H!$!"_!TT!^.!$!H_!$!"_!

^n%/*_!

^.!$!^H!%!"_!TT!^.!$!H_!%!^.!$!"_!

^.!%!^H!$!"_!TT!^.!%!H_!$!^.!%!"_!

!

.(#04%*%#0+,! Q)##8! ^(Q_T! ;//2C.! *6.! +0*.&.4.0*!.! #8! ^.4"! H_F! 4.)%:.!H! 2/%0$! #0,=!

1).C%/./! +04! :+,%4! )2,./! #8! %08.).0&.! .0*.)! ^.4"! H_! #0! *6.! ,%0.! +8*.)! HF! @%*6! *6.!K2/*%8%&+*%#0!^(Q_!+04!*6.!,%0./!2/.4I!!B04%).&*!Q)##8!^BQ_T!;//2C.!*6.!0.$+*%#0!#8!*6.!&#0&,2/%#0I!G#F!%8!*6.!&#0&,2/%#0!%/!.F!

+//2C.! ¬.I! H/.! ¬.F! *6.! 1).C%/./F! +04! +0=! :+,%4! )2,./! #8! %08.).0&.! *#! 4.)%:.! +!

&#0*)+4%&*%#0!'! #8! *6.! 8#)C!^"!$!¬"_I!O0! *6.! ,%0.!+8*.)! *6.!&#0*)+4%&*%#0! %/! 8#)C.4!.0*.)!.F!@%*6!K2/*%8%&+*%#0!^BQ_!

.

!.

57.?S=. 61'(-.%<.A$<(2($"(.

.

>-4$*.,7(.21'(-.%<.4$<(2($"(.M2%H(.,7(.<%''%&4$*=.

!

[I Q!"!^`!"!-_F!¬^`!"!-_F!^¬Q!%!G_!"!5!x!5!

AI ^Q!"!¬`_F!^¬`!"!-_F!5F!^Q!"!-_!$!5_!"!G!x!G!

XI ^Q!%!`_F!¬QF!^`!"!G_F!^¬-!"!¬5_F!5!x!^-!$!G_!

^WG_!

^.!"!H_F!^H!"!"_!x!^.!"!"_.

^nG_!

^.!%!H_F!¬.!x!H.^;44_!

.!x!^.!%!H_.

^(#0_!

.F!H!x!^.!$!H_.^G%C1_!

^.!$!H_!x!..

^(n_!

^.!%!H_F!^.!"!"_F!^H!"!,_!x!^"!%!,_.

! [kA!

PI QF!`F!^¬^Q!$!`_!%!-_F!-!"!^G!"!5_F!^G!"!5_!"!M_!x!M!

RI ^Q!$!`_F!Q!"!-F!`!"!GF!^-!$!G_!"!^M!%!5_!x!M!%!5!

EI ^Q!"!`_F!^¬`!$!-_F!^¬Q!"!G_F!^-!"!?_!x!^G!$!?_!

SI ^Q!%!-_F!^¬Q!$!G_F!^-!$!G_!"!¬?_F!^?!%!z_!x!z!

kI ^Q!$!¬G_F!Q!"!^G!%!?_F!^?!"!z_!x!z!

jI QF!^Q!%!`_!"!¬z_F!^z!%!?_F!^?!"!-_!x!-!

[DI ^Q!"!z_F!^¬z!$!?_F!^¬Q!$!?_!"!-_!x!-!!!.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

57.??=. 61'(-.%<.6(M'/"(+($,.

.

>-4$*.,7(.21'(-.%<.2(M'/"(+($,./$).,7(.21'(-.%<.4$<(2($"(.M2%H(.,7(.

<%''%&4$*X.

.

[I !^¬-!%!G_F!^Q!%!`_!"!^-!$!¬G_!x!¬Q!

AI ^Q!$!^`!"!-_F!¬^-!$!Q_!x!¬`!

! [kX!

XI ^W!"!o_F!^(!#!n_F!^¬(!"!¬o_!x!^W!"!n_!

PI ^¬Q!"!^`!$!-_F!¬-!x!Q!

RI ^¬-!%!¬G_F!^Q!"!^-!$!G_!x!¬Q!

EI ¬QF!^Q!%!`_!#!-_F!¬`!x!¬^-!$!G_!

SI ^Q!"!`_F!^`!$!-_!"!G_!x!^`!"!^-!"!G_!

kI ^Q!%!^`!$!-_F!¬-!x!Q!!!!!!!!!!!!!!!!!!!!!!!!!5^.?C=.............L2%%<.61'(-.

.

>-4$*. "%$)4,4%$/'. M2%%<. <%2. "%$"'1-4%$-. &4,7. "%$)4,4%$/'-. /$).

4$)42(",.M2%%<.<%2."%$"'1-4%$-.,7/,./2(.$%,."%$)4,4%$/'-.M2%H(=.

.

[I ^-!%!G_!"!5_F!^Q!%!`_!"!5_F!^-!%!Q_!x!5!

AI ^Q!"!^`!"!Q__"!G_!x!G!

XI ^G!%!5_!"!¬G!x!¬G!

PI ^Q!"!Q_!"!-_F!^-!%!G_!"!`_!x!`!

! [kP!

RI !^Q!"!^`!%!-_F!^Q!"!-_!"!^G!$!5_F!^`!"!-_!x!5!

EI ^`!"!^-!"!G_F!^`!"!^5!"!¬H_F!^H!"!^-!%!5_!x!^`!"!^H!"!G_!

SI ^Q!"!`_F!^Q!"!-_!x!Q!"!^`!$!-_!

kI ¬^H!$!M_!"!y_F!^H!"!¬H_!x!¬^H!%!¬y_!!!.

!!!.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

!$-&(2.W(B.

.57/M,(2.?=..

[I 9N1,+0+*%#0!AI B,,2/*)+*%#0!XI ;)$2C.0*!PI -.1#)*!RI ;)$2C.0*!

! [kR!

EI B,,2/*)+*%#0!SI ;)$2C.0*!kI -.1#)*!jI 9N1,+0+*%#0![DI ;)$2C.0*!

!!!!!!!!!!!!!!!!!!!!!!!!!

57/M,(2.C=.

[I ^[_B8!<#60!)20/!8#)!C+=#)F!*6.0!/#!@%,,!V+)=I!!^A_<#60!@%,,!)20!8#)!C+=#)I!!^X_56.).8#).F!/#!@%,,!V+)=I!!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^[_!r!^A_!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^X_!

! [kE!

AI ^[_GC#>%0$!%/!L+4!8#)!=#2)!6.+,*6I!!^A_!B*!C+>./!,20$!4%/.+/.!C#).!,%>.,=I!!^X_B*!+,/#!)2%0/!=#2)!*..*6I!!!!

!!!!!!^A_!!!^X_!!!!!!!!!!!!^[_!!

XI ^[_9N.)&%/.!6.,1/!1).:.0*!6%$6!L,##4!1).//2).F!^A_%*!).42&./!*6.!)%/>!#8!:+)%#2/!>%04/!#8!&+0&.)F!+04!^X_%*!6.,1/!&#0*)#,!L#4=!@.%$6*I!!;11+).0*,=^P_!.N.)&%/.!%/!$##4!8#)!=#2)!6.+,*6I!

!

!!!!!!! ! ! ! !!!^[_!!^A_!!^X_!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^P_!!PI ^[_B8!<#60!+/>/!V+)=!*#!*6.!1)#CF!*6.0!.%*6.)!<2/*%0!#)!(+),#/!@%,,!+/>!;2)#)+! *#! *6.!1)#CI! ! ^A_<#60!@%,,!+/>!V+)=!*#! *6.!1)#CI! !G#F!^X_.%*6.)! <2/*%0! #)! (+),#/! @%,,! +/>! ;2)#)+! *#! *6.! 1)#CI! ! U2*!^P_<2/*%0!@%,,!0#*!+/>!;2)#)+! *#! *6.!1)#CI! !G#F! ^R_(+),#/!@%,,!+/>!;2)#)+!*#!*6.!1)#CI!!

^[_!r!^A_!!!!!!!^X_!!!!r!!!!^P_!

! ! ! ! ! !!^R_!!RI ^[_O/+C+! L%0! "+4.0! %/! ,%:%0$! .%*6.)! %0! Q+>%/*+0! #)! B)+0I! ! ^A_W.!&+00#*!L.!,%:%0$!%0!B)+0!L.&+2/.!^X_+0!+0#0=C#2/!%08#)C+0*!/+%4!6.!/+@!L%0!"+4.0!,.+:%0$!6%/!6%4.]#2*!%0!B)+0!+04!6.+4%0$!8#)!*6.!Q+>%/*+0%!L#)4.)I!!G#F!^P_L%0!"+4.0!C2/*!L.!,%:%0$!%0!Q+>%/*+0I!!!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!^X_!^A_!r!^[_!

! ! ! ! !!!!!!^P_!!EI ^[_;,,!1#,%*%&%+0/!+).!$)..4=I!!^A_V%>.!Q+0>)+/*!%/!+!1#,%*%&%+0I!!G#F!^X_V%>.!Q+0>)+/*!%/!$)..4=I!!^P_;,,!$)..4=!1.#1,.!+).!L+4!1.#1,.I!!G#F!^R_V%>.!Q+0>)+/*!%/!+!L+4!1.)/#0I!!!!

^[_!r!^A_!!!!!!!!!!!!!!!!!!!^X_!!!!!r!!!!^P_!

! [kS!

!!!!!!!!!!!!!!!!!!!!!!!!!!^R_!!SI ^[_56.!1#//.//%#0!#8! 8%).+)C/!/6#2,4!L.! %,,.$+,I! ! ^A_;,,#@%0$! *6.!#@0.)/6%1! #8! 8%).+)C/! 6+/! +,@+=/! +04! @%,,! +,@+=/! )+%/.! *6.!%0&%4.0*/! #8! $20]).,+*.4! 4.+*6/I! ! ^X_56.! ).+/#0! @6=! *6%/! %/! *6.!&+/.! %/! L.&+2/.! @6.0! 8%).+)C/! 6+:.! +! @%4./1).+4! ,.$+,!4%/*)%L2*%#0F! *6.).! %/! +! $).+*.)! &6+0&.! *6+*! 1.#1,.! @%,,!%))./1#0/%L,=!2/.!*6.C!%0!/%*2+*%#0!%0!@6%&6!*6.=!8..,!*6).+*.0.4I!!^P_B*J/!K2/*!62C+0!0+*2).!*#!L.6+:.!*6%/!@+=I!!

^P_!^X_!^A_!^[_!

!kI ^[_B8!@.!.,.&*!&+04%4+*.! <2,%.!O,/.0!+/!C+=#)!#2)!&)%C.!)+*.!@%,,!$#!21F!L.&+2/.! ^A_/6.!1,+0/! *#! &2*! ,+@].08#)&.C.0*! 8204%0$!+04!L.&+2/.!^X_/6.!1,+0/!*#!1+//!+!&%*=!#)4%0+0&.!*6+*!@#2,4!C+>.!%*!%,,.$+,! *#! ,#%*.)! 4#@0*#@0I! ! G#F! ^P_@.! /6#2,40J*! .,.&*! &+04%4+*.!<2,%.!U)#@0!+/!C+=#)F!L.&+2/.!^R_@.!4#0J*!@+0*!#2)!&)%C.!)+*.!*#!$#!21I!!

^A_!r!^X_!!!!!!!^[_!!!!!!r!!!!^R_!!!!!!!!!!!!!!!!!^P_!!

j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

! [kk!

!^[_!r!^A_!r!^X_!r!^P_!

! ! ! ! ! ! !!!^R_!

[DI ^[_56.!C2)4.).)!#8!n)I!56#)0L2)$!C2/*!L.!V/I!n+:.01#)*I!!^A_56.!#0,=! *6)..!1#//%L,.!/2/1.&*/!@.).!Q)#8.//#)!d20*6.)F!V)I!B:+0#:%&6F! +04!V/I!n+:.01#)*F! +04! ^X_%*! &#2,4! 0#*! 1#//%L,=! 6+:.!L..0! Q)#8.//#)! d20*6.)! +04! ^P_%*! &#2,4! 0#*! 1#//%L,=! L..0! V)I!B:#0#:%&6I!!^R_Q)#8.//#)!d20*6.)!@+/!%08%)C!%0!*6.!6#/1%*+,!42)%0$!*6.! C2)4.)I! ! 32)*6.)C#).F! ^E_/6.! 6+4! 0#! C#*%:.I! ! ;04! ^S_V)I!B:+0#:%&6!@+/!%0!W+@+%%!42)%0$!*6.!*%C.!#8!*6.!C2)4.)I! !U./%4./F!^k_n)I! 56#)0L2)$! @+/! /6#*! @%*6! +! IPR! &+,%L.)! 6+04! $20F! +04!^j_*6+*!/+C.!6+04!$20!@+/!8#204!%0!V/I!n+:.01#)*J/!&+)!@%*6!6.)!8%0$.)1)%0*/!#0!%*I!!

^R_!!^E_!!!!^S_!! ! ! !!!!^X_!!!r!!!^P_!!r!!^A_!!!!!!!!!!^k_!r!^j_!! ! ! ! ! !!!^[_! !!!!!!!!!!!!!!!!

!

!!57/M,(2.E=.F/''/"4%1-.6(/-%$4$*.4$.!2*1+($,/,4%$.

[I (#C1#/%*%#0!

AI ;4!6#C%0.C!&%)&2C/*+0*%+,!

XI U.$$%0$!*6.!72./*%#0!^+)$2%0$!%0!+!&%)&,._!

PI ;11.+,!*#!1%*=!

RI W+/*=!$.0.)+,%\+*%#0!

! [kj!

EI m#!8+,,+&=!

SI M.+>!+0+,#$=!

kI -.4!6.))%0$!

jI ;11.+,!*#!*6.!1.#1,.!^L+04@+$#0_!

[DI (#C1,.N!72./*%#0!

[[I d.0.*%&!8+,,+&=!

[AI 3+,/.!&+2/.!^1#/*!6#&!.)$#!1)#1*.)!6#&_!

[XI ;11.+,!*#!%$0#)+0&.!

[PI m#!8+,,+&=!

[RI ;11.+,!*#!8#)&.!

[EI U.$$%0$!*6.!72./*%#0!^,.+:%0$!#2*!>.=!1).C%/._!

[SI G*)+@!C+0!

[kI ;11.+,!*#!2072+,%8%.4!+2*6#)%*=!

[jI d+CL,.)J/!8+,,+&=!

ADI G,%11.)=!/,#1.!

A[I 3+,/.!&+2/.!^0#0!&+2/+!1)#!&+2/+_!

AAI V%//%0$!*6.!1#%0*!

AXI n%:%/%#0!

API ;11.+,!*#!*6.!1.#1,.!^/0#LL.)=_!

ARI ;4!6#C%0.C!^*2!72#72._!

AEI m#!8+,,+&=!

ASI U.$$%0$!*6.!72./*%#0!^)./*+*%0$!*6.!&#0&,2/%#0!+/!+!1).C%/._!

AkI G211).//.4!.:%4.0&.!

AjI ;4!6#C%0.C!^+L2/%:._!

XDI ;&&%4.0*!

X[I 3+,/.!&+2/.!^#:.)/%C1,%8%.4!&+2/._!

XAI ;11.+,!*#!*6.!1.#1,.!^:+0%*=_!

XXI U.$$%0$!*6.!72./*%#0!^C%//%0$!&#0*)#:.)/%+,!1).C%/._!

XPI 3+,/.!4%&6#*#C=!x!(#C1,.N!72./*%#0!

XRI ;C16%L#,.!

XEI 972%:#&+*%#0!

XSI G,%11.)=!/,#1.!

XkI G*)+@!C+0!

XjI ;11.+,!*#!%$0#)+0&.!

! [jD!

PDI M.+>!+0+,#$=!

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

57/M,(2.I=..524,(24/.<%2.GH/'1/,4$*.!2*1+($,-.

[I 56.!&#0*.0*!#8!+0!+)$2C.0*!%/!@6+*F!/1.&%8%&+,,=F!*6.!+)$2C.0*!%/!

+L#2*F!@6.).+/!*6.!8#)C!#8!+0!+)$2C.0*!).8.)/!*#!#0,=!*6.!

/*)2&*2).!#8!*6.!+)$2C.0*I!!!

!9N+C1,.T!

! [j[!

!+_ 9%*6.)!<.4!#)!<#60!@%,,!@%0!*6.!)+&.I!!!!L_!9%*6.)!<#/6!#)!<%C!@%,,!

4)%:.I!

<.4!@%,,!0#*!@%0!*6.!)+&.I!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<#/6!@%,,!0#*!4)%:.I!

!!!56.).8#).F!<#60!@%,,!@%0!*6.!)+&.I!!!!!!!!!56.).8#).F!<%C!@%,,!4)%:.I!

! !;)$2C.0*/!^+_!+04!^L_!6+:.!4%88.).0*!&#0*.0*I!!56.!&#0*.0*!#8!^+_!

%/!+L#2*!<.4!+04!<#60!@%00%0$!+!)+&.!#)!0#*F!+04!*6.!&#0*.0*!#8!^L_!%/!+L#2*!<%C!+04!<#/6!4)%:%0$!#)!0#*I!!W#@.:.)F!L#*6!+)$2C.0*!^+_!+04!^L_!6+:.!*6.!/+C.!8#)CT!

9%*6.)!Q!#)!`!m#*!Q!

!!56.).8#).!`!!

AI ?+,%4%*=!%/!+!8#)C+,!1)#1.)*=!#8!+0!+)$2C.0*I!

XI G%0&.!+!:+,%4!+)$2C.0*!%/!#0.!%0!@6%&6!%*!%/!%C1#//%L,.!8#)!*6.!

1).C%/./!*#!L.!*)2.!+04!*6.!&#0&,2/%#0!8+,/.F!+04!/%0&.!+!/#204!

+)$2C.0*!%/!+!:+,%4!+)$2C.0*!*6+*F!%0!+44%*%#0!*#!L.%0$!:+,%4!6+/!

*)2.!1).C%/./F!%*!8#,,#@/!*6+*!+!/#204!+)$2C.0*!C2/*!^+&&#)4%0$!

*#!*6.!4.8%0%*%#0/!#8!:+,%4%*=!+04!/#2040.//_!6+:.!+!*)2.!

&#0&,2/%#0I!

PI B8!G+0!<#/.!%/!%0!(+,%8#)0%+F!*6.0!V%//%//%11%!%/!%0!U.%K%0$I!

B8!V%//%//%11%!%/!%0!U.%K%0$F!*6.0!G+0!<#/.!%/!%0!*6.!H0%*.4!G*+*./I!

!!!B8!G+0!<#/.!%/!%0!(+,%8#)0%+F!*6.0!G+0!<#/.!%/!%0!*6.!H0%*.4!G*+*./I!RI ;0!+)$2C.0*!*6+*!%/!:+,%4!+04!/#204!&+0!/*%,,!8+%,!*#!L.!$##4!%0!*6.!

&+/.!*6+*!%*!2*%,%\./!&%)&2,+)!).+/#0%0$F!L=!)./*+*%0$!*6.!&#0&,2/%#0!

+/!+!1).C%/.I!!56.).!+).!%0/*+0&./!#8!/#204!+)$2C.0*/!*6+*!4#!

*6%/I!!(#0/%4.)!*6.!8#,,#@%0$!.N+C1,.T!

!B8!B!6+:.![DD!1.00%./F!*6.0!B!6+:.![!4#,,+)I!

!!B8!B!6+:.![DD!1.00%./F!*6.0!B!6+:.![!4#,,+)I!EI ;0!%0:+,%4!+)$2C.0*!%/!#0.!%0!@6%&6!%*!%/!1#//%L,.!8#)!*6.!1).C%/./!

*#!L.!*)2.!+04!*6.!&#0&,2/%#0!8+,/.I!

SI ;0!+)$2C.0*!&+0!L.!).04.).4!20/#204!%8!.%*6.)T!

[_ +0=!#8!%*/!1).C%/./!+).!8+,/.!

! [jA!

A_ %*!6+/!+0!%0:+,%4!8#)C!

kI U#*6!

jI m#!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

.

57/M,(2.J=.:7(.K/$*1/*(.%<.L2%M%-4,4%$/'.K%*4".

0B$,/U.GU(2"4-(-.

+I Q!

LI Q!

&I ^Q!"!`_!

4I QF!`F!-F!GF!^Q!$!`_F!^-!%!G_!

.I Q!

8I QF!`F!-!

! [jX!

$I QF!`!

6I QF!¬QF!`F!-F!^`!$!-_!

%I QF!`F!-F!GF!^Q!"!`_!

KI QF!`F!-!

^[_! ^^Q!"!`_!$!-_!

^A_! ¬^Q!"!`_!

^X_! ^¬^Q!"!`_!#!^-!%!G__!

^P_! ^^Q!$!`_!%!^-!$!G__!"!5_!

^R_! ¬^^^Q!%!G_!"!`_!#!-_!

^E_! ^^Q!"!`_!"!^-!"!G__!

^S_! ^^Q!"!`_!%!^5!%!G__!

^k_! ^^Q!$!`_!$!^G!$!5__!

^j_! ^^-!#!G_!"!¬5_!

^[D_! ^^^Q!$!`_!"!5_!%!G_!!)*"+,-./01" 234"5066474184"942:441"8/-02/." .42247;" 23/2"/74"4.4<412;"=6" 234"

./1>?/>4"=6"@AB"/15".=:47"8/;4".42247;"23/2"/74";27082.C";-4/D01>"1=2"-/72"=6"

234"./1>?/>4"=6"@AE""

;T!F34"8/-02/.".42247;"01"@A"/74"?;45"2="1/<4";-480608";2/24<412;"01"1/2?7/."

./1>?/>4E" " A=:47" 8/;4" .42247;B" =1" 234" =2347" 3/15B" 5=" 1=2" 1/<4" ;-480608"

;2/24<412;E""G/2347B"234C"/74"?;45"/;"H/70/9.4;"2="74-74;412";2/24<412;"01"

>4147/.E""""

!!!!!!0(+/$,4"-.GU(2"4-(-.

[I ^Q!"`_!!!!!!

!P Q P " Q

T T T

T F F

F T T

F F T

!

! [jP!

^Q!"`_!%/!*)[email protected]!L#*6!Q!+04!`!+).!*)2.I!

^Q"`_!%/!8+,/[email protected]!Q!%/!*)2.!+04!`!%/!8+,/.I!

^Q!"`_!%/!*)[email protected]!Q!%/!8+,/.!+04!`!%/!*)2.I!

^Q!"`_!%/!*)[email protected]!L#*6!Q!+04!`!+).!8+,/.I!!

AI ^Q!%!`_!

!

P Q P % Q

T T T

T F T

F T T

F F F

!

^Q!%!`_!%/!*)[email protected]!L#*6!Q!+04!`!+).!*)2.I!

^Q!%!`_!%/!*)[email protected]!Q!%/!*)2.!+04!`!%/!8+,/.I!

^Q!%!`_!%/!*)[email protected]!Q!%/!8+,/.!+04!`!%/!*)2.I!

^Q!%!`_!%/!8+,/[email protected]!L#*6!Q!+04!`!+).!8+,/.I!!

XI ^Q!$!`_!

!

P Q P $ Q

T T T

T F F

F T F

F F F

!!

^Q!$!`_!%/!*)[email protected]!L#*6!Q!+04!`!+).!*)2.I!

^Q!$!`_!%/!8+,/[email protected]!Q!%/!*)2.!+04!`!%/!8+,/.I!

^Q!$!`_!%/!8+,/[email protected]!Q!%/!8+,/.!+04!`!%/!*)2.I!

^Q!$!`_!%/!8+,/[email protected]!L#*6!Q!+04!`!+).!8+,/.I!!

PI ¬Q!

!P ¬P

T F

F T

! [jR!

!

^¬Q_!%/!8+,/[email protected]!Q!%/!*)2.I!

^¬Q_!%/!*)[email protected]!Q!%/!8+,/.I!!

RI Q!#!`!

!

P Q P # Q

T T T

T F F

F T F

F F T

!

^Q!#!`_!%/!*)[email protected]!L#*6!Q!+04!`!+).!*)2.I!

^Q!#!`_!%/!8+,/[email protected]!Q!%/!*)2.!+04!`!%/!8+,/.I!

^Q!#!`_!%/!8+,/[email protected]!Q!%/!8+,/.!+04!`!%/!*)2.I!

^Q!#!`_!%/!*)[email protected]!L#*6!Q!+04!`!+).!8+,/.I!!

`T!M6=!+).! *6.!&#00.&*%:./!+04!#1.)+*#)/!#8!1)#1#/%*%#0+,! ,#$%&!&+,,.4!*)2*6]820&*%#0+,b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jI!56.!820&*%#0!;A!%/!4%88.).0*!8)#C!*6.!820&*%#0!;X!L.&+2/.!*6.!)+0$.!#8!.+&6!820&*%#0!%/!4%88.).0*I!M6.0!=#2!12*!%0!A!*#!;A!=#2! $.*! PF! L2*! @6.0! =#2! 12*! A! %0*#! ;X! =#2! $.*! kI! 5)2*6]820&*%#0/! %0!1)#1#/%*%#0+,!,#$%&!+).!/%C%,+)I!56.!#0,=!4%88.).0&.!%/!*6+*!*6.!%012*/!+).!.%*6.)!*)2*6!#)!8+,/%*=F!+04!*6.!#2*12*!%/!.%*6.)!*)2*6!#)!8+,/%*=I!!57/M,(2.N=.:2/$-'/,4%$.

[I <!{!<#60!%/!*+,,I!

V!{!V+)=!%/!*+,,I!!!!!!!!!!!!!!!!!!!!!!!!!!!

!!!!!!!!!<!%!¬V!!

! [jE!

AI <!{!<#60!1+//.4!6%/!.N+CI!

V!{!V+)=!1+//.4!6.)!.N+CI!!

!!!!!!!!¬^<!%!V_!!

XI V!{!V+)[email protected]*!*#!/&6##,I!

!

!!!!!!!!¬V!!

PI <!{!<%[email protected]*!*#!1)+&*%&.I!

U!{!U%,,[email protected]*!*#!1)+&*%&.I!!

!!!!!!!!!!<!$!U!!

RI U!{!U%,,!K#%0.4!*6.!+)C=I!

V!{!V+)=!K#%0.4!*6.!+)C=I!!

!!!!!!!!¬^U!%!V_!!

EI z!{!z%4+0.!1,+=/!8#)!-.+,!V+4)%4I!

U!{!U.&>6+C!1,+=/!8#)!-.+,!V+4)%4I!!

!!!!!!!!!z!$!U!!

SI z!{!z%4+0.!@%,,!1,+=!8#)!3)+0&.I!

-!{!-%L.)=!@%,,!1,+=!8#)!3)+0&.I!!

!!!!!!!!¬^z!$!-_!!

kI 3!{!3)+0&.!@%,,!1,+=!8#)!A04!1,+&.I!

d!{!d.)C+0=!@%,,!1,+=!8#)!A04!1,+&.I!!

!!!!!!!!¬^3!%!d_!!

jI <!{!<%C!%/!)200%0$!*6%/!@..>I!

!

!!!!!!!!¬<!

! [jS!

![DI V!{!V+)=!%/!$#%0$!*#!*6.!1+)>I!

5!{!5#C!%/!$#%0$!*#!*6.!1+)>I!!

V!$!5!!

[[I <!{!V+)=!@%,,!K#%0!*6.!*.+CI!

Q!{!V+)=!@%,,!1,+=!*6.!8,2*.I!!

¬<!$!¬Q!!

[AI -!{!-.$2,+)!.N.)&%/.!%/!$##4!8#)!#0.J/!6.+,*6I!

U!{!W+:%0$!+!L+,+0&.4!4%.*!%/!$##4!8#)!#0.J/!6.+,*6I!!

-!$!U!!

[XI <!{!<#60!@%,,!$#!*#!/&6##,I!

V!{!V+)=!@%,,!$#!*#!*6.!1+)>I!o!{!<%C!@%,,!$#!*#!*6.!1+)>I!!

<!$!^¬V!%!o_!!

[PI <!{!<#60!@%,,!+**.04!&62)&6!*#4+=I!

V!{!V+)=!@%,,!+**.04!&62)&6!*#4+=I!3!{!3)+0>!@%,,!+**.04!&62)&6!*#4+=I!!

<!$!^V!%!3_!!

[RI V!{!G#&&.)!8+0/!+).!C.,,#@I!

W!{!G#&&.)!8+0/!+).!6=1.)!.N&%*.4I!!

V!%!W!!

[EI V!{!V+)=!@%,,!*)=!#2*!8#)!*6.!*.+CI!

U!{!U.*6+0=!@%,,!*)=!#2*!8#)!*6.!*.+CI!!

¬V!$!¬U!!

! [jk!

[SI V!{!V+)=!@%,,!*)=!#2*!8#)!*6.!&,2LI!

U!{!U.*6+0=!@%,,!*)=!#2*!8#)!*6.!&,2LI!!

¬^¬V!$!¬U_!!

[kI U!{!U.*6+0=!@%,,!@%0I!

V!{!V+)=!@%,,!@%0I!!

¬U!%!¬V!!

[jI V!{!V+)=!@%,,!@%0I!

!

¬¬V!!

ADI V!{!V+)=!@%,,!@%0I!

<!{!<%C!@%,,!$#!#0!*#!*6.!/.C%8%0+,/I!U!{!U%,,!@%,,!$#!#0!*#!*6.!/.C%8%0+,/I!!

¬V!%!^<!$!U_!!

A[I V!{!V+)=!$#./!*#!&62)&6I!

U!{!U%,,!@%,,!K#%0!*6.!&6#%)I!!

V!"!U!!

AAI <!{!<#60!@%,,!$#!*#!/&6##,I!

G!{!G2.!$#./!*#!/&6##,I!!

<!"!G!!

AXI W!{!6+:%0$!+!4)%:.)J/!,%&.0/.!

n!{!4)%:%0$!+!&+)!!

n!"!W!!

API H!{!L.%0$!+!HG!&%*%\.0!

U!{!L.%0$!L#)0!%0!*6.!HG!

! [jj!

!

U!"!H!!

ARI <!{!<#60!@%,,!K#%0!*6.!*.+CI!

V!{!V+)>!K#%0/!*6.!*.+CI!!

V!"!<!!

AEI Q!{!<#60!1+//./!*6.!*./*I!

5!{!<#60!@%,,!6+:.!*#!*+>.!*6.!*./*!+$+%0I!!

¬Q!"!5!!

ASI G!{!V+)=!%/!*6.!4+2$6*.)!#8!G+C+0*6+I!

U!{!V+)=!%/!*6.!4+2$6*.)!#8!U%,,I!!

¬G!"!¬U!!

AkI V!{!V+)=!@%0/!*6.!9,.&*%#0!

U!{!U%,,!)20/!*6.!8#,,#@%0$!=.+)I!!

U!"!V!!

AjI 9!{!<%C!$.*/!+0!;!#0!.:.)=!.N+CI!

(!{!<%C!$.*/!+0!;!%0!*6.!&,+//I!!

9!#!"!!

#$% &!'!()*+!,-!./-0)+-,12/!3).!4*/!5.,6/%!

7!'!()*+!,-!8!3.//!89/+4%!

!

&!"!7!

!

#:% (!'!()*+!*8-!8!;<-4,3,/=!4.</!1/2,/3!4*84!8!-><8./!,-!8!!

./548+92/%!

?!'!()*+!@+)A-!4*84!8!-><8./!,-!8!./548+92/%!

!

! ADD!

(!"!?!

!

#B% C!'!()*+!,-!8!6/61/.!)3!4*/!D!52<1%!

(!'!()*+!,-!)E/.!B:%!

!

C!#!(!

!

##% F!'!C8.G!,-!9),+9!4)!-5*))2%!

H!'!C8.G!A8@/-!<0%!

!

F!#!H!

!

#I% J!'!()*+!,-!9),+9!4)!A,+!4*/!/2/54,)+%!

K!'!()*+!A,+-!#L!-484/-%!

!

J!#!K!

!

#M% H!'!7.8+5/!A,22!A,+!4*/!A).2=!5<0%!

N!'!7.8+5/!1/84-!O482G%!

!

H!#!7!

!

#P% (!'!()*+!A,22!A,+!4*/!/2/54,)+%!

C!'!C8.G!A,4*=.8A-%!

!

(!"!C!

!

#Q% N!'!7.8+5/!A,+-!F.)<0!N%!

R!'!F/.68+G!A,+-!F.)<0!R%!

F!'!F/.68+G!028G-!7.8+5/%!

O!'!O482G!*8-!2/--!0),+4-!4*8+!7.8+5/%!

!

N!"!SR!"SF!"!OTT!

!

#L% F!'!F/.68+G!A,22!028G!7.8+5/%!

O'!O482G!*8-!3/A/.!0),+4-!4*8+!7.8+5/%!

!

F!"!O!

! AD[!

!

#U% (!'!()*+!9)/-!4)!-5*))2%!

C!'!C8.G!A,22!-48G!*)6/%!

N!'!N,22!A,22!.,=/!*,-!1,@/%!

!

S(!"!CT!"!N!

!

I$% 7!'!7.8+5/!8=E8+5/-%!

K!'!K08,+!1/84-!F/.68+G%!

!

K!"!7!

!

I:% V!"!SW!%!XT!

IB% SW!%!&T!#!SX!$!VT!

I#% W!"!¬S&!%!VT!

II% SV!%!&T!"!¬SW!$!XT!

IM% ¬YSW!"!XT!%!S&!"!VTZ!

IP% ¬X!"!W!

IQ% ¬V!#!X!

IL% ¬V!"!X!

IU% ¬SV!%!&T!"!¬X!

M$% V!"!SX!%!¬&T!

M:% SX!%!&T!"!¬W!

MB% S&!%!KT!"!SX!$![T!

M#% SK!%!XT!"!¬S&!%![T!

MI% ¬&!$!¬X!

MM% ¬YW!#!SX!%!&TZ!

MP% S&!%!XT!"!K!

MQ% ¬YX!$!S[!$!&TZ!

ML% K!"!SW!"!XT!

MU% W!%!SX!$!&T!

!

!

!

! ADA!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

.

57/M,(2.O=.5%+M'(,(.:21,7.:/;'(-.

Q! `! Q!"!^`!"Q_!

5! 5! !!!!!:!!!!!!!!5!

5! 3! .....:!!!!!!!!5!

3! 5! !!!!!:!!!!!!!!3!

! ADX!

[I!

!

.

!

5+2*#,#$#2/!!

AI!!!

!

.

. (#0*%0$.0*!

!

XI!!!!

!

!

!

!

!

!

! 5+2*#,#$#2/!

!

!

PI!!!

!

!

! (#0*%0$.0*!

3! 3! !!!!!:!!!!!!!!5!

Q! ¬Q!"!Q!

5! !3!!!!!:!

3! 5!!!!!!F!

Q! `! -! Q!"!sQ!%!^`!%!-_t!

5! 5! 5! !!!!:!!!!!!!5!!!!!!!5!

5! 5! 3! !!!!:!!!!!!!5!!!!!!!5!

5! 3! 5! !!!!:!!!!!!!5!!!!!!!5!

5! 3! 3! !!!!:!!!!!!!5!!!!!!!3!

3! 5! 5! !!!!:.......5!!!!!!!5...........

3! 5! 3! !!!!:.......5!!!!!!!5!

3! 3! 5! !!!!:.......5!!!!!!!5!

3! 3! I" !!!!:.......3!!!!!!!3!

Q! ¬¬Q!

5! 5!

3! 3!

! ADP!

!

RI!!!!!

!

!

!

! (#0*%0$.0*!

!

EI!!!!

!

!

!

! 972%:+,.0*F!G+*%/8%+L,.!

!

SI!!!

!

!

!

!

!

! 972%:+,.0*F!G+*%/8%+L,.!

kI!!

!

!

!

Q! `! ¬^Q!$!`_!

5! 5! F!!!!!!5!

5! 3! :!!!!!!3!

3! 5! :!!!!!!3!

3! 3! :!!!!!!3!

Q! `! Q!"!`! ¬Q!%!`!

5! 5! !!!!:. 3!!!!!:.

5! 3! !!!!F. 3!!!!!F.

3! 5! !!!!:. 5!!!!:.

3! 3! !!!!:. 5!!!!:.

Q! `! ¬^¬Q!$!¬`_! Q!%!`!

5! 5! :!!!3!!!3!!!3! ....:.

5! 3! :!!!3!!!3!!!5! !!!!:.

3! 5! :!!!5!!!3!!!3! !!!!:.

3! 3! F!!!5!!!5!!!5! !!!!F.

Q! `! Q!#!`! ^Q!%!`_!$!¬^Q!$!`_!

5! 5! !!!:. !!!!!5!!!!!!!F!!!3!!!!!5!!

5! 3! !!!F. !!!!!5!!!!!!!:!!!5!!!!!3!

3! 5! !!!F. !!!!!5!!!!!!!:!!!5!!!!!3!

3! 3! !!!:. !!!!!3!!!!!!!F!!!5!!!!!3!

! ADR!

! m#*!972%:+,.0*F!H0/+*%/8%+L,.!

jI!!

!

!

!

. m#*!972%:+,.0*F!G+*%/8%+L,.!

!

[DI!!!!

!

.

.

. 972%:+,.0*F!G+*%/8%+L,.!

[[I!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Q[!!!!!!!!!!QA!!!!!!!(!

Q! `! Q!%!`! ¬Q! `!

5! 5! !!!:. F. :.

5! 3! !!!:. F. F.

3! 5! !!!:. :. :.

3! 3! !!!F. :. F.

!

! ?+,%4!

[AI!!!!!!!!!!!!!!!!!!!!!Q[!!!!!!!(!

!

.

.

.

. ?+,%4!

Q! `! Q!"!`! `!"!Q!

5! 5! !!!!:. !!!!:.

5! 3! !!!!F. !!!!:.

3! 5! !!!!:. !!!!F.

3! 3! !!!!:. !!!!:.

Q! `! ¬^Q!"!`_! Q!$!¬`!

5! 5! F!!!!!!5! !!!F!!!3!!

5! 3! :!!!!!!3! !!!:!!!5!

3! 5! F!!!!!!5! !!!F.!!3!

3! 3! F!!!!!!5! !!!F!!!5!

Q! `! Q! Q!%!`!

5! 5! :. !!!:.

5! 3! :. !!!:.

3! 5! F. !!!:.

3! 3! F. !!!F.

! ADE!

[XI!!!!!!!!!!!!!!!!!!!!!!!!Q[!!!!!!!!!!!QA!!!!!!(!

Q! `! Q!"!`! ¬Q! ¬`!

5! 5! !!!!:. F. F.

5! 3! !!!!F. F. :.

3! 5! !!!!:. :. F.

3! 3! !!!!:. :. :.

!

! B0:+,%4!

[PI!!!!!!!!!!!!!!!!!!!!!!!!!!!Q[!!!!!!!!!!QA!!!!!!!(!

Q! `! Q!"!`! ¬`! ¬Q!

5! 5! !!!!:. F. F.

5! 3! !!!!F. :. !"

3! 5! !!!!:. F. :.

3! 3! !!!!:. :. :.

! !

?+,%4!

[RI!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Q[!!!!!!!!!!!!!!!!!!!QA!!!!!!!!!!!!(!

Q! `! -! Q!"!^`!"-_! Q"!-! `!"!-!

5! 5! 5! !!!!:!!!!!!!!!5!! !!!!:. !!!!:.

5! 5! 3! !!!!F!!!!!!!!!3! !!!.F. !!!!F.

5! 3! 5! !!!!:!!!!!!!!!5!! !!!!:. !!!!:.

5! 3! 3! ....:!!!!!!!!!5! !!!!F. !!!!:.

3! 5! 5! !!!!:!!!!!!!!!5! !!!!:. !!!!:.

3! 5! 3! !!!!:!!!!!!!!!3!! !!!!:. !!!!F.

3! 3! 5! !!!!:.!!!!!!!!5! !!!!:. !!!!:.

3! 3! 3! !!:!!!!!!!!!5!!! !!:. !!:.

!

! B0:+,%4!

GUM'/4$.7%&.,7(."%$"(M,.%<.H/'4)4,B.4-."/M,12().;B./.,21,7P,/;'(.,(-,.

<%2.H/'4)4,BX.

. ;T!d%:.0!*6+*!+0!+)$2C.0*!%/!:+,%4!#0,[email protected]!%*!%/!%C1#//%L,.!8#)!*6.!1).C%/./!*#!L.!*)2.!+04!*6.!&#0&,2/%#0!*#!L.!8+,/.F!+04!$%:.0!*6+*!

! ADS!

*)2*6!*+L,./!/6#@!.:.)=!1#//%L,.!&#CL%0+*%#0!#8!*)2*6!:+,2./!#8!1)#1#/%*%#0/F!*)2*6!*+L,./!*6.).8#).!+).!+L,.!*#!/6#@!%8!*6.).!%/!+!1#//%L,.!&+/.!%0!@6%&6!*6.!1).C%/./!+).!*)2.!+04!*6.!&#0&,2/%#0!8+,/.I!

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

57/M,(2.Q=.A$)42(",P:/;'(.!$/'B-4-.

!

[I!!!

!

!

Q!"!`! ¬Q!%!`!

3!!5!!3!! 53!!5!3!

3!!5!!5! 53!!5!5!

5!!5!!5! 35!!5!5!

! ADk!

! G+*%/8%+L,.!

AI!!

!

!!

! G+*%/8%+L,.!

XI!

!

! G+*%/8%+L,.!

PI!!

!

. G+*%/8%+L,.!

RI!! !

!

! H0/+*%/8%+L,.!

EI!!!!!!!!!!!!!Q[!!!!!!!!!!!QA!!!!!!!(!

Q!"!`! ¬Q! ¬`!

3!!5!!5! 53! 35!

!

! B0:+,%4!

!

SI!!!!!!!!!!!!!!!!!Q[!!!!!!!!!QA!!!!!!!(!

Q!#!`! ¬`! ¬Q!

5!5!5! 55! 35!

!! !!!!!!

!!!!!!!!!!!!!!!!!?+,%4!

kI!!!!!!!!!!!!Q[!!!!!!!!(!

¬^¬Q!$!¬`_! Q!%!`!

5!!!35!!3!!35!! 5!5!5!

5!!!35!!3!!53!! 5!5!3!

5!!!53!!3!!35! 3!5!5!

Q!$!`! Q!%!`!

5!5!5! 5!5!5!

Q!#!`! ¬Q!$!¬`!

3!5!3! 53!!5!!53!

Q!"!`! Q!$!¬`!

5!!5!!3! 5!5!!53!

! ADj!

Q! Q!$!`!

5! 5!3!3!

3! 3!3!5!

3! 3!3!3!

!

! B0:+,%4!

jI!!!!!!!!!!!!!Q[!!!!!!!!!!!!QA!!!!!!!!!!!!!!(!

Q!"!`! `!"!-! Q!"!-!

5!!5!!5! 5!!5!!3! 5!!3!!3!

!

! ?+,%4!

[DI!!!!!!!!!!!!!Q[!!!!!!!!!!!QA!!!!!!!!!!!(!

Q!%!`! `!%!-! Q!%!-!

5!5!5! 5!5!3! 5!3!3!

3!5!5! 5!5!5! 3!3!5!

3!5!5! 5!5!3! 3!3!3!

!

! B0:+,%4!

`T!9N1,+%0!6#@!*6.! %04%).&*]*+L,.!C.*6#4!@#)>/! %0!*6.!&+/.!#8!1)#:%0$!/+*%/8%+L%,%*=F! +04! :+,%4%*=I! ^W%0*T! *6%0>! +L#2*! *6.! ).,+*%#0! L.*@..0! +0!%04%).&*]*+L,.!+04!+!&#C1,.*.!*+L,.I_I!;T!! ;!/.*!#8!/*+*.C.0*/!%/!/+*%/8%+L,[email protected]!.+&6!#8!*6.!/*+*.C.0*/!+).!1#//%L,=!*)2.!*#$.*6.)I!!;0!%04%).&*!*)2*6!*+L,.F!20,%>.!+!&#C1,.*.!*)2*6!*+L,.!@6%&6!/6#@/!.:.)=!1#//%L,.!*)2*6!&#CL%0+*%#0F!/6#@/!#0,=!*6.!)#@/!@6%&6!+).!*)2.!204.)!*6.!C+%0!#1.)+*#)I!!B8!0#!&#0*)+4%&*%#0!+)%/./[email protected]!+//%$0%0$!+!*)2.!*)2*6!:+,2.!*#!.+&6!#8!*6.!/*+*.C.0*/F!*6.0!*6.=!+).!/+*%/8%+L,.I!!!! ;0!+)$2C.0*!%/!:+,%[email protected]!%*!%/!%C1#//%L,.!8#)!*6.!1).C%/./!*#!L.!*)2.!+04!*6.!&#0&,2/%#0!8+,/.I!!;0!%04%).&*!*)2*6!*+L,.F!20,%>.!+!&#C1,.*.!*)2*6!*+L,.!@6%&6!/6#@/!.:.)=!1#//%L,.!*)2*6!&#CL%0+*%#0F!/6#@/!#0,=!*6.!)#@/!%0!@6%&6!*6.!1).C%/./!+).!*)2.!204.)!*6.!C+%0!#1.)+*#)!+04!*6.!&#0&,2/%#0!%/!*)2.!204.)!*6.!C+%0!#1.)+*#)I!!B8!0#!&#0*)+4%&*%#0!+)%/./[email protected]!+//%$0%0$!*6./.!*)2*6!:+,2./F!*6.0!*6.!+)$2C.0*!%/!%0:+,%4I!!!

! A[D!

!

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

57/M,(2.R=.:21,7.:2((.!$/'B-4-.<%2.5%$-4-,($"B.

[I !! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Q!"!`!

!!!!!!!!¬^¬Q!%!`_!

! !!¬¬Q!

! !!!!¬`!

¬Q! ! ! `!!y! !!!!!!!!!!!!!!!!!!!!!!!y!!!!!!!!!!!B0&#0/%/*.0*!!

AI !! ! ! ! Q!#!`!

! A[[!

^Q!%!`_!$!¬^Q!$!`_!

!!!!!!!!!!!!Q!%!`!

!!!!!!!!¬Q!%!¬`!!Q! ! !!!!!!!!!!¬`!

`! ! ! ¬Q!

! ! ! ¬Q! !!!!!!!!!¬`!!!!!!!!!!!!¬Q!!!!!!!!!!!!!!!!`!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

! ! ! y!!!!!!!!!!!!!!!!!!!!y!!!!!!!!!Q!!!!!!!!!!!`!!!!!!Q!!!!!!!!`!

! ! ! ! ! !!!!!!!!!!!y!!!!!!!!!!!y!!!!!!y!!!!!!!!y!!!!!!B0&#0/%/*.0*!

!

XI !! ! ! ! Q!%!^`!%!-_!

!¬`!$!¬-!

!!!!!!!¬`!

!!!!!!!¬-!

! ! ! ! Q! ! ! !!!!!!`!%!-!

! ! ! ! ! ! ! `! !!!!!!!!-!

! ! ! ! ! ! ! y!!!!!!!!!!!!!!!!!y!!!!!!(#0/%/*.0*!

!

PI !! ! ! ! Q!"!^`!"!-_!

!!!!!!!!!Q!

!!!!!!¬-!

! ! ! ! ¬Q! ! ! `!"!-!

! ! ! ! !!y! ! !!!¬`! ! !!!!-!

! ! ! ! ! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!y!!!!!!!(#0/%/*.0*!

!

RI !! ! ! ! !!!!Q!$!`!

!!!!`!%!-!!!!!!!!!Q!!!!!!!!!`!

!!! ! ! ! !!!!!!!!!`!!!!!!!!!!!!!!!!!!!!-!!!!!!!!!!!!(#0/%/*.0*!

! ! ! ! ! !!!!!!!!!

!

! A[A!

:21,7.:2((.!$/'B-4-.<%2.Y/'4)4,B.

[I !! ! ! ! Q!"`!

!!¬`!

!!¬Q!

! ! ! ! ¬Q! !! !!!!!`!

! ! ! ! !! !! !!!!!y!!!!!!!!!!!!!!!B0:+,%4!

!

AI !! ! ! ! Q!"!`!

-!"!G!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!¬G!%!¬`!

! ! ! ! !!!!¬^¬-!%!¬Q_!

! ! ! ! ! ¬¬-!

! ! ! ! ! ¬¬Q!

! ! ! !¬Q! ! ! ! !!!`!

! ! ! !!y! ! ! !¬-! ! G!

! ! ! ! ! ! !!!y!! !!¬G!!!!!!!!¬`!

! ! ! ! ! ! ! !!!!y!!!!!!!!!!!!y!!!!!!!!!!!!!?+,%4!

!

XI ! ! ! !!!!!!!Q!%!^`!%!-_!

! ! ! !!!!!!!!¬`!!$!¬-! !

! ! ! ! !!¬Q!

! ! ! ! !!¬`!

! ! ! ! !!¬-!

! ! ! Q! ! ! `!%!-!! ! ! y! ! !!!!`! ! !!-!! ! ! ! ! !!!!y!!!!!!!!!!!!!!!!!!!y!!!!!!!!!!!!!!!!?+,%4!!

PI !! ! ! !!!!!!Q!"!^`!"!-_!

!!Q!¬G"

¬¬`!

! A[X!

! ! ! ¬Q! ! ! ! `!"!-!

! ! ! !!y! ! ! ¬`! ! !!!!!-!

! ! ! ! ! ! !!!y!!!!!!!!!!!!!!!!!!!!!!!y!!!!!!!!!!!!!?+,%4!

!

RI ! ! ! !!!!!!!!!!Q!$!`!

!!!!!¬^`!%!-_!! !!Q!! !!`!

!!!!!!!!!!!¬`!! !!-!! !!y! ! !!?+,%4!!

EI !! ! ! !!!!¬^Q!"!`_!

!!!¬^¬`!%!-_!

!!!!!!!!!¬¬`!

!!!!!!!!!!!!¬-!! !!!!Q!

! ¬`!! !!!y!!!!!!!!!!!!!!!!?+,%4!!!!!!!

SI !! ! ! !!!!!!!!Q!%!¬`!

!!!!!!!¬Q!%!-!

!!¬^¬-!"!¬Q_!

!!!!!!!!!!!¬-!

!!!!!!!!¬¬Q!

¬Q! ! -!!y! !!!!!!!!!!!!y!!!!!!!!!!!!!!!!!!?+,%4!! !!!!

kI !! ! ! !!!!!!!!!Q!"!`!

!!!!!!!!`!"!Q!

!!!!!¬^Q!#`_!

! ! ! ¬Q! ! ! !!!!!!!Q!

! ! ! !!`! ! ! !!!!¬`!

! ! !!!¬Q! !!!!!!!!!!!`! !!!!!!!¬Q! !!!`!

! A[P!

! !!!!!!!!!¬`!!!!!!Q!!!!¬`!!!!!!Q!!!!!!!!!!!!!y!!!!!!!!!!!!!!!y!

! !!!!!!!!!!!y!!!!!!!y!!!!!!!y!!!!!!!y! ! ! ! ! ! ?+,%4!

!

jI ! ! ! !!!!!!!!Q!$!`!

! ! ! !!!!!!!`!$!¬-!

! ! ! !!!¬^-!"!¬Q_! !! ! ! !!!!!!!!!!!!Q!! ! ! ! `!

! ! ! !!!!!!!!!!¬`!

! ! ! !!!!!!!!!!¬-!! ! ! ! -!

! ! ! !!!!!!!!¬¬Q!! ! ! ! y!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!?+,%4!!

[DI !! !!!!!!!¬s^Q!%!¬Q_!"!^`!"!-_t!

!!!!!!!!!Q!%!¬Q!

!!!!!¬^`!"-_!! !!`!

!!!!!!!!!!!¬-!

Q! ! !¬Q! !!!!!!!!!!!!!!B0:+,%4!

!

.

.

.

.

GUM'/4$.7%&.,7(.,21,7P,2((.+(,7%).,(-,-.<%2.H/'4)4,BX.

! ;T!!;!*)2*6!*)..!%/!.//.0*%+,,=!+!&#0/%/*.0&=!*./*I!U=!/*+&>%0$!*6.!+88%)C+*%#0!#8!*6.!1).C%/./!#0!*#1!#8!*6.!0.$+*%#0!#8!*6.!&#0&,2/%#0F!*6.!*)2*6!*)..!C.*6#4!@%,,!+,,#@!2/!*#!4.*.)C%0.!@6.*6.)!*)2.!1).C%/./!+04!+!8+,/.!&#0&,2/%#0!+).!&#0/%/*.0*!@%*6!.+&6!#*6.)I!!B8!/#F!*6.0!*6.!+)$2C.0*!%/!%0:+,%4I!!B8!0#*F!*6.0!*6.!+)$2C.0*!%/!:+,%4I!

!!!!!!!!!!!!!!!

!

! ! ! !

!

! A[R!

. . . . . .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

57/M,(2.?S=.61'(-.%<.A$<(2($"(.

[I !!!!!!![_!Q!"!^`!"-_!

!!!!!!!A_!¬^`!"-_!

!!!!!!!X_!^¬Q!%!G_!"!5! ! x!!!5!

!!!!!!!P_!¬Q!! ! ! !!![FA!VQ!

!!!!!!!R_!¬Q!%!G! ! ! !!!P!;44!!!!!!!!E_!5! ! ! ! !!!XFR!VQ!!

AI !!!!!!![_!Q!"!¬`!

!!!!!!!A_!¬`!"!-!

! A[E!

!!!!!!!X_!5!

!!!!!!!P_!s^Q!"!-_!$!5t!"!G! x!!!G!

!!!!!!!R_!Q!"!-! ! ! !!![FA!WG!

!!!!!!!E_!^Q!"!-_!$!5! ! !!!RFX!(#0K!!!!!!!!S_!G! ! ! ! !!!EFP!VQ!!

XI !!!!!!![_!Q!%!`!

!!!!!!!A_!¬Q!

!!!!!!!X_!`!"!G!

!!!!!!!P_!¬-!"!¬5!

!!!!!!!R_!5! ! ! ! x!!!-!$!G!!!!!!!!E_!`! ! ! ! !!![FA!nG!!!!!!!!S_!G! ! ! ! !!!XFE!VQ!!!!!!!!k_!-! ! ! ! !!!PFR!V5!!

PI !!!!!!![_!Q!

!!!!!!!A_!`!

!!!!!!!X_!¬^Q!$!`_!%!-!

!!!!!!!P_!-!"!^G!"!5_!

!!!!!!!R_!^G!"!5_!"!M! ! x!!!M!

!!!!!!!E_!Q!$!`! ! ! !!![FA!(#0K!!!!!!!!S_!-! ! ! ! !!!XFE!nG!

!!!!!!!k_!-!"!M! ! ! !!!PFR!WG!!!!!!!!j_!M! ! ! ! !!!SFk!VQ!!

!

RI !!!!!!![_!Q!$!`!

!!!!!!!A_!Q!"!-!

!!!!!!!X_!`!"!G!

!!!!!!!P_!^-!$!G_!"!^M!%!5_! ! x!!!M!%!5!!!!!!!!R_!Q! ! ! ! !!![!G%C1!!!!!!!!E_!`! ! ! ! !!![!G%C1!!!!!!!!S_!-! ! ! ! !!!AFR!VQ!!!!!!!!k_!G! ! ! ! !!!XFE!VQ!

!!!!!!!j_!-!$!G! ! ! !!!SFk!(#0K!

!!!!!![D_!M!%!5! ! ! !!!PFj!VQ!

! A[S!

!

EI !!!!!!![_!Q!"!`!

!!!!!!!A_!¬`!$!-!

!!!!!!!X_!¬Q!"!G!

!!!!!!!P_!-!"!?! ! ! !! x!!!G!$!?!

!!!!!!!R_!¬`!! ! ! !!!A!G%C1!!!!!!!!E_!-! ! ! ! !!!A!G%C1!

!!!!!!!S_!¬Q!! ! ! !!![FR!V5!!!!!!!!k_!G! ! ! ! !!!XFS!VQ!!!!!!!!j_!?! ! ! ! !!!PFE!VQ!

!!!!!![D_!G!$!?! ! ! !!!kFj!(#0K!!

SI !!!!!!![_!Q!%!-!

!!!!!!!A_!¬Q!$!G!

!!!!!!!X_!^-!$!G_!"!¬?!

!!!!!!!P_!?!%!z! ! ! x!!!z!

!!!!!!!R_!¬Q!! ! ! !!!A!G%C1!!!!!!!!E_!-! ! ! ! !!![FR!nG!!!!!!!!S_!G! ! ! ! !!!A!G%C1! ! ! !

!!!!!!!k_!-!$!G! ! ! !!!EFS!(#0K!

!!!!!!!j_!¬?!! ! ! !!!XFk!VQ!!!!!!![D_!z! ! ! ! !!!PFj!nG!!!

!

!

kI !!!!!!![_!Q!$!¬G!

!!!!!!!A_!Q!"!^G!%!?_!

!!!!!!!X_!?!"!z! ! ! x!!!z!!!!!!!!P_!Q! ! ! ! !!![!G%C1!

!!!!!!!R_!G!%!?! ! ! !!!AFP!VQ!

!!!!!!!E_!¬G!! ! ! !!![!G%C1!!!!!!!!S_!?! ! ! ! !!!RFE!nG!!!!!!!!k_!z! ! ! ! !!!XFS!VQ!!

jI !!!!!!![_!Q!!

! A[k!

!!!!!!!A_!^Q!%!`_!"!¬z!

!!!!!!!X_!z!%!?!

!!!!!!!P_!?!"!-! ! ! x!!!-!

!!!!!!!R_!Q!%!`!!!!!!!!!! ! !!![!;44!

!!!!!!!E_!¬z!! ! ! !!!AFR!VQ!!!!!!!!S_!?! ! ! ! !!!XFE!nG!!!!!!!!k_!-! ! ! ! !!!PFS!VQ!!

[DI [_!Q!"!z!

A_!¬z!$!?!

X_!^¬Q!$!?_!"!-! ! x!!!-!

P_!¬z!! ! ! !!!A!G%C1!

R_!¬Q!! ! ! !!![FP!V5!E_!?! ! ! ! !!!A!G%C1!

S_!¬Q!$!?! ! ! !!!RFE!(#0K!k_!-! ! ! ! !!!XFS!VQ!

!

!

!

!

!

!

!

57/M,(2.??=.61'(-.%<.6(M'/"(+($,.

[I !!!!!!!!![_!¬-!%!G!

!!!!!!!!!A_!^Q!%!`_!"!^-!$!¬G_! ! x!¬Q!

!!!!!!!!!X_!¬^-!$!¬G_!! ! ! !!![!nV!

!!!!!!!!!P_!¬^Q!%!`_! ! ! ! !!!AFX!V5!

!!!!!!!!!R_!¬Q!$!¬`! ! ! ! !!!P!nV!

!!!!!!!!!E_!¬Q! ! ! ! ! !!!R!G%C1!!

AI !!!!!!!!![_!Q!$!^`!"!-_!

! A[j!

!!!!!!!!!A_!¬^-!$!Q_! ! ! ! x!¬`!!!!!!!!!!X_!Q! ! ! ! ! !!![!G%C1!

!!!!!!!!!P_!¬-!%!¬Q! ! ! ! !!!A!nV!

!!!!!!!!!R_!¬Q!%!¬-! ! ! ! !!!P!(#C!

!!!!!!!!!E_!¬¬Q!! ! ! !!!!!!!!!!!!!!!X!nm!

!!!!!!!!!S_!¬-! ! ! ! ! !!!RFE!nG!

!!!!!!!!!k_!^`!"!-_!$!Q! ! ! !!![!(#C!

!!!!!!!!!j_!`!"!-! ! ! ! !!!k!G%C1!

!!!!!!!![D_!¬`!! ! ! !!!!!!!!!!!!!!jFS!V5!!

XI !!!!!!!!!![_!W!"!o!

!!!!!!!!!!A_!(!#n!

!!!!!!!!!!X_!¬(!"!¬o!! ! ! x!W!"!n!

!!!!!!!!!!P_!^(!"!n_!$!^n!"!(_! ! !!!A!972%:!

!!!!!!!!!!R_!(!"!n! ! ! ! !!!P!G%C1!

!!!!!!!!!!E_!o!"!(! ! ! ! !!!X!(#0*!

!!!!!!!!!!S_!o!"!n! ! ! ! !!!EFR!WG!

!!!!!!!!!!k_!W!"!n! ! ! ! !!![FS!WG!!

PI !!!!!!!!!![_!¬Q!"!^`!$!-_!

!!!!!!!!!!A_!¬-! ! ! ! ! x!Q!

!!!!!!!!!!X_!¬^`!$!-_!"!¬¬Q! ! !!![!(#0*!

!!!!!!!!!!P_!^¬`!%!¬-_!"!¬¬Q! !!! !!!X!nV!

!!!!!!!!!!R_!¬-!%!¬`! ! ! ! !!!A!;44!

!!!!!!!!!!E_!¬`!%!¬-! ! ! ! !!!R!(#C!

!!!!!!!!!!S_!¬¬Q! ! ! ! !!!PFE!VQ!!!!!!!!!!!k_!Q! ! ! ! ! !!!S!nm!

RI !!!!!!!!!!![_!¬-!%!¬G!

!!!!!!!!!!!A_!Q!"!^-!$!G_! ! ! x!!¬Q!

!!!!!!!!!!!X_!¬^-!$!G_! ! ! ! !!![!nV!

!!!!!!!!!!!P_!¬Q!! ! ! ! !!!AFX!V5!!

EI !!!!!!!!!!![_!¬Q!

!!!!!!!!!!!!!!!!!A_!^Q!%!`_!#!-!

!!!!!!!!!!!X_!¬`!! ! ! ! x!¬^-!$!G_!

!!!!!!!!!!!P_!s^Q!%!`_!$!-t!%!s¬^Q!%!`_!$!¬-t!!!!!A!972%:!

!!!!!!!!!!!R_!¬Q!$!¬`! ! ! ! ! [FX!(#0K!

! AAD!

!!!!!!!!!!!E_!¬^Q!%!`_! ! ! ! ! R!nV!

!!!!!!!!!!!S_!¬^Q!%!`_!%!¬-! ! ! ! E!;44!

!!!!!!!!!!!k_!¬s^Q!%!`_!$!-t! ! ! ! S!nV!

!!!!!!!!!!!j_!¬^Q!%!`_!$!¬-! ! ! ! PFk!nG!

!!!!!!!!![D_!¬-!$!¬^Q!%!`_!!!! ! !!!!!!!!!!!!j!(#C!

!!!!!!!!![[_!¬-!! ! ! ! !!!!!!!!!!![D!G%C1!

!!!!!!!!![A_!¬-!%!¬G! ! ! ! !!!!!!!!!!![[!;44!

!!!!!!!!![X_!¬^-!$!G_! ! ! ! !!!!!!!!!!![A!nV!!

SI !!!!!!!!!!!![_!Q!"!`!

!!!!!!!!!!!!A_!^`!$!-_!"!G! ! ! x!^`!"!^-!"!G_!

!!!!!!!!!!!!X_!`!"!^-!"!G_! ! ! !!!A!9N1!!

kI [_!Q!%!^`!$!-_!

A_!¬-!! ! ! x!!!Q!

! X_!^Q!%!`_!$!^Q!%!-_! !!![!n%/*!

! P_!^Q!%!-_!$!^Q!%!`_! !!!X!(#C!

! R_!Q!%!-! ! ! !!!P!G%C1!

! E_!-!%!Q! ! ! !!!R!(#C!! S_!Q! ! ! ! !!!EFA!nG!!!!!!!

5^.?C=........L2%%<.61'(-.

[I !!!!!!!!!!!![_!^-!%!G_!"!5!

A_!^Q!%!`_!"!5!

X_!-!%!Q! ! ! ! x!5!

P_!¬5!! ! ! ! !!!;BQ!

R_!¬^-!%!G_! ! ! ! !!![FP!V5!

E_!¬^Q!%!`_!! ! ! !!!AFP!V5!

S_!¬-!$!¬G! ! ! ! !!!R!nV!

k_!¬Q!$!¬`!! ! ! !!!E!nV!

j_!¬-!! ! ! ! !!!S!G%C1!

! AA[!

[D_!¬Q! ! ! ! !!!k!G%C1![[_!Q!! ! ! ! !!!XFj!nG!

[A_!Q!$!¬Q! ! ! ! !!![DF[[!(#0K![X_!5!! ! ! ! !!!P][A!BQ!!

AI !!!!!!!!!!!![_!sQ!"!^`!"!Q_t!"!G! ! x!G!

A_!¬G!! ! ! ! !!!;BQ!

X_!¬sQ!"!^`!"!Q_t! ! !!![FA!V5!

P_!¬s¬Q!%!^`!"!Q_t! ! !!!X!BC1,!

R_!¬¬Q!$!¬^`!"!Q_! ! !!!P!nV!

E_!¬¬Q! ! ! ! !!!R!G%C1!

S_!¬^`!"!Q_!$!¬¬Q! ! !!!R!(#C!

k_!¬^`!"!Q_! ! ! !!!S!G%C1!

j_!¬^¬`!%!Q_! ! ! !!!k!BC1,!

[D_!¬¬`!$!¬Q! ! ! !!!j!nV!

[[_!¬Q!$!¬¬`! ! ! !!![D!(#C!

[A_!¬Q!! ! ! ! !!![[!G%C1!

[X_!¬Q!$!¬¬Q! ! ! !!![AFE!(#0K![P_!G! ! ! ! ! !!!A][X!BQ!!

XI !!!!!!!!!!!![_!^G!%!5_!"!¬G! ! ! x!¬G!

A_!¬¬G! ! ! ! !!!;BQ!

X_!¬^G!%!5_! ! ! ! !!![FA!V5!

P_!¬G!$!¬5! ! ! ! !!!X!nV!

R_!¬G!! ! ! ! !!!P!G%C1!

E_!¬G!$!¬¬G! ! ! !!!RFA!(#0K!

S_!¬G!! ! ! ! !!!A]E!BQ!!

PI !!!!!!!!!!!![_!^Q"Q_!"!-!

A_!^-!%!G_!"!`! ! ! x!`!

X_!¬`!! ! ! ! !!!;BQ!

P_¬^-!%!G_! ! ! ! !!!AFX!V5!

R_!¬-!$!¬G! ! ! ! !!!P!nV!

E_!¬-!! ! ! ! !!!R!G%C1!

S_!¬^Q!"!Q_! ! ! !!![FE!V5!

k_!¬^¬Q!%!Q_! ! ! !!!S!BC1,!

j_!¬¬Q!$!¬Q! ! ! !!!k!nV!

! AAA!

[D_!`!! ! ! ! !!!X]j!BQ!!

RI !!!!!!!!!!!![_!Q!"!^`!%!-_!

! A_!^Q!"!-_!"!^G!$!5_!

! X_!`!"!-! ! ! ! x!5!

! P_!¬5!! ! ! ! !!!;BQ!

! R_!¬5!%!¬G! ! ! ! !!!P!;44!

! E_!¬G!%!¬5! ! ! ! !!!R!(#C!

! S_!¬^G!$!5_! ! ! ! !!!E!nV!

! k_!¬^Q!"!-_! ! ! !!!AFS!V5!

! j_!¬^¬Q!%!-_! ! ! !!!k!BC1,!

! [D_!¬¬Q!$!¬-! ! ! !!!j!nV!

! [[_!¬¬Q! ! ! ! !!![D!G%C1!! [A_!Q!! ! ! ! !!![[!nm!

! [X_!`!%!-! ! ! ! !!![F[A!VQ!

! [P_!¬-!$!¬¬Q! ! ! !!![D!(#C!

! [R_!¬-! ! ! ! !!![P!G%C1!

! [E_!-!%!`! ! ! ! !!![X!(#C!! [S_!`!! ! ! ! !!![RF[E!nG!

! [k_!¬`! ! ! ! !!!XF[R!V5!

! [j_!`!$!¬`! ! ! ! !!![SF[k!(#0K!! AD_!5!! ! ! ! !!!P][j!BQ!!!!!

EI !!!!!!!!!!!![_!`!"!^-!"!G_!

! A_!`!"^5!"!¬H_!

! X_!H!"!^-!%!5_! ! ! x!`!"!^H!"!G_!! P_!`! ! ! ! ! !!!;(Q!

! R_!-!"!G! ! ! ! !!![FP!VQ!

! E_!5!"!¬H! ! ! ! !!!AFP!VQ!! S_!H! ! ! ! ! !!!;(Q!

! k_!H!"!¬5! ! ! ! !!!E!(#0*!

! j_!¬5!! ! ! !!!! !!!SFk!VQ!

! [D_!-!%!5! ! ! ! !!!XFS!VQ!

! [[_!5!%!-! ! ! ! !!![D!(#C!

! AAX!

! [A_!-!! ! ! ! !!!jF[[!nG!! [X_!G! ! ! ! ! !!!RF[A!VQ!

! [P_!H!"!G! ! ! ! !!!S][X!(Q!

! [R_!`!"!^H!"G_! ! ! !!!P][P!(Q!!

SI !!!!!!!!!!!![_!Q!"!`!

! A_!Q!"!-! ! ! ! x!Q!"!^`!$!-_!!! X_!Q! ! ! ! ! !!!;(Q!! P_!`! ! ! ! ! !!![FX!VQ!! R_!-! ! ! ! ! !!!AFX!VQ!

! E_!`!$!-! ! ! ! !!!PFR!(#0K!

! S_!Q!"!^`!$!-_! ! ! !!!X]E!(Q!!

kI !!!!!!!!!!!![_!¬^H!$!M_!"!y!

! A_!H!"!¬H! ! ! ! x!¬^H!%!¬y_!

! X_!H!%!¬y! ! ! ! !!!;BQ!

! P_!¬H!%!¬H!! ! ! !!!A!BC1,!

! R_!¬H!! ! ! ! !!!P!5+2*! ! ! ! !

! E_!¬y!! ! ! ! !!!XFR!nG!

! S_!¬H!%!¬M! ! ! !!!R!;44!

! k_!¬^H!$!M_! ! ! !!!S!nV!! j_!y! ! ! ! ! !!![Fk!VQ!

! [D_!y!$!¬y! ! ! ! !!!jFE!(#0K!

! [[_!¬^H!%!¬y_! ! ! !!!X][D!BQ!

!