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% " #
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83( 1&.8(=( /& &78& 8-*0 /& ?038(H<&,07 &7 F<& *<&/&. 7&3 -.78(5(/07 /& H03'( F<&
0?<58&. 5( &783<?8<3( /& 5( 3&/ *3-1(/( ( 7<23&/ &J*<&78( &7 '<: /&*&./-&.8& /&5
?0.=<.80 /& 70H8Q(3& F<& 7& &=&?<8& &. &5 2(78-0. 9078 ( H<.?-0.(5-/(/ &7 7-'-5(3 ( 5(
028&.-/( &. 507 ?(707 (.8&3-03&74 7-. &'2(3,0 5( ?0'*5&=-/(/ /& ?0.H-,<3(?-E. :
&.?('-.('-&.80 &7 '<?90 '(:03
( 7<23&/ F<& -.?5<:& &5 ?038(H<&,07 : 507 &.?('-.(/03&7 7& /&.0'-.( %0.( &<83(
0 %0.( &7'-5-8(3-D(/( $ 4 5 % $65 . &78( D0.( /&7'-5-8(3-D(/( *<&/&.
&.?0.83(37& '+7 7&31-/03&74 2-&. 03-&.8(/07 ( /(3 7&31-?-07 ( <7<(3-07 F<& (??&/&. /&7/& 5(
3&/ &J8&3.( B3&/ (2-&38(C4 0 2-&. *(3( H(?-5-8(3 507 7&31-?-07 /& *30J: : &5 (??&70 ( -.8&3.&8 (
507 <7<(3-07 /& 5( 3&/ -.8&3.( 7807 7&31-?-07 *<&/&. 3&7-/-3 &. <.( '-7'( '+F<-.(4 &5
*30*-0 2(78-E. 90784 0 &. 1(3-(7

&'( )*+,-.( "


& ' $
0 7& *<&/& 9(25(3 /& F<& 8-*0 /& ?038(H<&,07 &7 &5 '&=034 :( F<& /-?9( (H-3'(?-E.
/&*&./& /& '<?907 H(?803&7 F<& 9(?&. F<& ?(/( ?(70 *<&/( 8&.&3 <.( 3&7*<&78( /-H&3&.8&
.83& /-?907 H(?803&7 H-,<3(. &5 ?078&4 5( *0568-?( /& 5( &'*3&7(4 5( 8&?.050,6( /& 3&/ : &5
*&370.(5 F<& 7& 8-&.& /-7*0.-25& 0/07 &7807 H(?803&7 *<&/&. *&7(3 '+7 F<&
?0.7-/&3(?-0.&7 *<3('&.8& 8;?.-?(7
0.1-&.& 8&.&3 &. ?<&.8( F<& <. ?038(H<&,07 &7 <. /-7*07-8-10 /& 3&/ /& -'*038(.?-(
?3&?-&.8&4 (5 '&.07 /&7/& &5 *<.80 /& 1-78( /& (/'-.-783(?-E. : 7&,<3-/(/ &2&
?0.7-/&3(37& ?0'0 <. *<.80 /&7/& &5 F<& *0/&3 ?0.8305(3 ?0. '+7 H(?-5-/(/ 507 3-&7,07 (
507 F<& *<&/& &78(3 70'&8-/( <.( 3&/ /& ?0'*<8(/03&7 5 ?0.?&*80 /& D0.( /& 3-&7,0 &7
H<./('&.8(5 0 -/&(5 7&36( F<& ?(/( .0/0 /& 5( 3&/ *308&,-/( 8<1-&7& <. (580 .-1&5 /&
7&,<3-/(/ /& '0/0 F<& &5 ?038(H<&,07 H<&7& 3&/<./(.8& -. &'2(3,04 7-&./0 3&(5-78(7 &78(
(58&3.(8-1( &7 *0?0 1-(25&
830 (7*&?80 H<./('&.8(5 &7 F<& <. ?038(H<&,07 .0 *<&/& 7&3 ?0.7-/&3(/0 ?0'0 <.(
1(?<.( 0 /&2& -.78(5(37& <. /&8&3'-.(/0 8-*0 /& ?038(H<&,07 *03F<& *(3( (5,<-&. 7&(
-?90 ?0.?&*80 /&2& 7&3 3&7<58(/0 /& <. (.+5-7-7 /&5 ?078& /&
-'*5(.8(?-E.4 (/'-.-783(?-E.4 .-1&5 /& *308&??-E. 028&.-/0 : 1(503 /& 507 /(807 F<& 7&
*308&,&. 7 -'*038(.8& .0 8&.&3 *3-7(7 ( 5( 903( /& 80'(3 &78& 8-*0 /& /&?-7-0.&74 :( F<& &5
<70 /&5 ?038(H<&,07 .0 7& 3&/<?& ( 7< /-7&K0 & -'*5&'&.8(?-E.4 :( F<& *(3( ,(3(.8-D(3 7<
;J-80 &. 5( /&H&.7( /& 5( 3&/ *3-1(/( &7 .&?&7(3-0 <.( ?<-/(/( 5(203 /& (/'-.-783(?-E. :
1-,-5(.?-( /&5 '-7'0

( # # )!*
7 *07-25& <8-5-D(3 507 ?038(H<&,07 *(3( ?0.&?8(3 &.83& 76 /07 /& '(.&3( 7&,<3(
: 83(.7*(3&.8&4 &7 /&?-3@ 507 <7<(3-07 1&3+. ('2(7 3&/&7 ?0'0 5( '-7'( 0 ?0'0 7-

&'( )*+,-.(
&78<1-&3(. <.-/(7 &.83& 76 /-3&?8('&.8& B( 83(1;7 /& *<&.8&7 0 ?0.'<8(/03&7C4 : (/&'+7 507
/(807 F<& 7& -.8&3?('2-&. ('2(7 3&/&7 1-(=(3+. ?-H3(/07 *03 .8&3.&84 (7&,<3(./0 7<
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&/

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+ , #
0. &5 3+*-/0 ?3&?-'-&.80 /&5 '&3?(/0 /& -.83(.&874 '<?9(7 &'*3&7(7 9(.
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(<803-D(/07 (??&/&3 ( 507 3&?<3707 F<& /& 0830 '0/0 7&36(. -.(??&7-25&7 . 083(7 *(5(23(74
*<&/&. 250F<&(3 &5 7-8-0 (5 &J8&3-034 ( 507 <7<(3-07 /& .8&3.&8 : *&3'-8-3 F<& 507
<7<(3-07 /& 7< -.83(.&8 7& ?0.&?8&. ( ;5 /&7/& 7<7 ?(7(7
78& *30?&70 7& ?0.0?& ?0'0 : &5 ?038(H<&,07 /&2& -.?5<-3 <. '&?(.-7'0
F<& *&3'-8(4 /& '(.&3( 7&,<3(4 (5 ?5-&.8& (23-3 <. 8M.&5 ( 83(1;7 /& ;5
03 &=&'*50 : /&2-/0 (5 ('*5-0 <70 /& 5( ?(*( /& 70?L&8 7&,<30 &. 507
7&31-/03&7 7&,<307 : ( F<& &. 5(7 -.83(.&87 '<?9(7 ?0.&J-0.&7 7& *30/<?&. '&/-(.8&
7&31-/03&7 7&,<3074 /&2& ('*5-(3 &5 *3080?050 /& *30J: P&2 *(3( F<& &5 ?5-&.8&
*<&/( (23-3 &5 8M.&5 -. &'2(3,0 &78( 8;?.-?( 8-&.& 8('2-;. 7<7 -.?0.1&.-&.8&7

<.F<& 507 <7<(3-07 /& 5(7 ?0'*<8(/03(7 F<& 70. &J83&'0 /& <.( ?0'<.-?(?-E.
*<&/(. &78(3 83(.F<-507 &. ?<(.80 ( 5( 7&,<3-/(/ /& &78(7 ?0'*<8(/03(74 5( 3&/ /&
?0'<.-?(?-0.&7 7-&'*3& &7 <. *<.80 /& /&7?0.H-(.D( ( *3&1&.?-E. (.8& 507 (8(F<&7 ( 5(
3&/ 7<&5& *(7(3 7-&'*3& *03 &5 <70 /& (5,<.( < 083( '(.&3( /& 8;?.-?(7 /& #$)-%&($+0<+
8(.80 *(3( *308&,&3 &5 7&?3&80 /& 507 /(807 ?0'0 *(3( *&3'-8-3 5( -/&.8-H-?(?-E. /& F<-&.&7
507 &.16(. 0 3&?-2&. ( ?3-*80,3(H6( &7 &5 &78</-0 /& 8;?.-?(7 /& ?-H3(/0 7&,<3(74 '-&.83(7
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?0.=<.80 /& ('2(7 ?-&.?-(7 7& ?0.0?& ?0'0 #$)-%&/&(<+ 5( (*5-?(?-E. /& 5(7 8;?.-?(7 /&
?3-*80,3(H6( &. 5(7 ?0'<.-?(?-0.&7 7& /&/-?(3+. 507 7-,<-&.8&7 (*(38(/07
&'( )*+,-.(
5 ?-H3(/0 /& 507 /(807 *<&/& (*5-?(37& ( /-78-.807 .-1&5&7@

+'(3( 0.-803
*5-?(?-E. *5-?(?-E.
F<& ?-H3( F<& /&7?-H3(
(807 ?-H3(/07 58(10D
-?3EH0.0

(*( /& (*( /&


3(.7*038& 3(.7*038&
3080?050 /& 83(.7*038&

-/)#+#)1'@ ( (*5-?(?-E. F<& &.16( 507 /(807 /&5 <7<(3-04 *03 &=&'*50 <.( /&
1-/&0?0.H&3&.?-(4 ?-H3( 507 /(807 (.8&7 /& &.83&,+37&507 ( 5( ?(*( /& 83(.7*038& :
70. /&7?-H3(/07 *03 5( (*5-?(?-E. F<& 3&?-2& 507 /(807 (.8&7 /& &.83&,+37&507 (5
<7<(3-0 3&?&*803

+'(3( 0.-803
*5-?(?-E. *5-?(?-E.
(807 7-. 58(10D
-?3EH0.0 ( ?-H3(3

(*( /& 3080?050 /& 83(.7*038& (*( /&


3(.7*038& ?0. ?-H3(/0 /& /(807 3(.7*038&

$+',-&$%"@ ( ?(*( /& 83(.7*038& *<&/& <8-5-D(3 <. *3080?050 F<& ?-H3& &5 ?('*0
/& /(807 /& ?(/( 7&,'&.80 F<& &.16( B C /0./& 1(. 507 /(807 /&5 <7<(3-0
(3( &550 ('2(7 &.8-/(/&7 /& 83(.7*038&4 ( <.0 : 0830 &J83&'0 9(. /& 7&3 ?(*(?&7
/& .&,0?-(3 &7& *3080?050 ?0. ?-H3(/0 /& /(807 B*03 &=&'*50 C

/& 5( &'*3&7( /& 5( &'*3&7(

(807 7-. (807 7-.


?-H3(3 &/ ?-H3(3
(*( 7&? M25-?( (*( 7&?
B-.7&,<3(C
&/ (*( (*( (*( (*( &/
-.8&3.( M.&5 7&,<30 -.8&3.(
B/(807 ?-H3(/07C
0<8&3 ?0. 7&? 0<8&3 ?0. 7&?

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'(.&3( F<& &5 ?('*0 /& /(807 /& 5(7 <.-/(/&7 F<& 83(.7'-8& &5 *3080?050 1(.
?-H3(/07 &30 &780 &J-,& F<& 80/07 507 .0/07 /& 5( 3&/4 -.?5<-/07 507 F<& 9(?&. &5
&.?('-.('-&.804 70*038&. &7& *3080?050 03 &=&'*504 &. <.( 3&/ 80/07 507
.0/07 /& 5( 3&/ /&2&36(. (?8<(5-D(3 &5 *3080?050 (?8<(54 1 4 ( 5( .<&1( 1&37-E.
1 F<& (/'-8& &5 ?-H3(/0 /&5 ?('*0 /& /(807 /&5 /(8(,3('( 83( (58&3.(8-1(
?0.7-78& &. &78(25&?&3 R8M.&5&7S &. <.( 3&/ -.7&,<3( &.83& R30<8&37S F<& <.&.

&'( )*+,-.( A
/-78-.8(7 7<23&/&7 /& <.( &'*3&7( &.83& 764 &'*5&(./0 <. *3080?050 ?0'0 7&?
B 7&,<30C F<& 1-(=( ?-H3(/0 /&.830 /&5 ?('*0 /& /(807 /& 507 /(8(,3('(7
?0.1&.?-0.(5&7 F<& (83(1-&7(. 5( 3&/ *M25-?(

0/0 0/0

E/&' E/&'

(807 7-. ?-H3(3 (807 7-. ?-H3(3

(807 ?-H3(/07

'/+#"@ . &78& ?(70 &5 ?-H3(/0T/&7?-H3(/0 50 3&(5-D( &5 B C &'*5&(/0


*03 &5 <7<(3-0 ?0'0 -.8&3H(D ?0. 5( 56.&( H67-?( /& ?0'<.-?(?-E. F<& 5& <.& ?0. &5
0 507 -.8&350?<803&7 . &=&'*50 70. 507 'E/&' ?(*(?&7 /& ?-H3(3 5( -.H03'(?-E.
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% -. $ #"
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/& ?5(1&

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?5(1& 07 &=&'*507 '+7 7&.?-5507 70.@
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?0. 5( '-7'( ?5(1&
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&5 /(80 3&(5 F<& 3&*3&7&.8( &5 /(80 3&?-2-/0

)0$+*& -&$ %$+',-&,)#)1'


0.7-78& &. 80'(3 250F<&7 /& /(807 : ?('2-(3 &5 03/&. /& &7807 /&.830 /&5 250F<&
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% #" .
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&'( )*+,-.(
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Z BU4 BU4 CC 5 ,3(. *3025&'( &. 5( ?3-*80,3(H6( 7-';83-?( &78+ &. &5 <70 /& ?5(1&7
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&.&3(/03 /&
?5(1&7 7&?3&8(7 (.(5 7&,<30

U U
BU4 C
Z BU4 BU4 CC

+%+ '#$7-%)&' %+'*+$* 9 ;


. &=&'*50 /& ?3-*80,3(H6( 7-';83-?( &7 &5 $ ( 4 4
/&7(33055(/0 *03 &5 (8-0.(5 <3&(< 0H 8(./(3/7 & 8-5-D( ?5(1&7 /& 2-87
(<.F<& &. 3&(5-/(/ 7050 70. M8-5&7 5 (5,03-8'0 ?0'2-.( ';80/07 /& 83(.7*07-?-E. :
7<78-8<?-E. *(3( ?0/-H-?(3 .03'(5'&.8& 250F<&7 /& 2-874 (<.F<& 7& *<&/& (*5-?(3 /& /07
'0/07 /-H&3&.8&7@
(C ' :&*& ./&52"@ & <. 250F<& /& -.H03'(?-E. /& 2-87 7& ,&.&3( 0830 250F<&
/& 2-87 ?-H3(/04 7-&./0 &5 3&7<58(/0 &F<-1(5&.8& ( <.( 7<78-8<?-E.
2C ' :&*& ,%$"+:@ 5 (5,03-8'0 7& *<&/& (*5-?(3 ( <. H5<=0 /& 0?8&807 7-. &7*&3(3
( 8&.&3 <. 250F<& ?0'*5&80 /& 2-87 : 3&7<58( '+7 /-H6?-5 /& 30'*&3 *03 F<& 5(
?0/-H-?(?-E. /& <. 0?8&80 /&*&./& /& 5( (.8&3-03
( *08&.?-( /&5 (5,03-8'0 &78+ &. &5 &.03'& &7*(?-0 /& ?5(1&7 4 &7 /&?-34
(*30J-'(/('&.8& "4 [ A ?5(1&7 : &. &5 /-7&K0 /& 5(7 8(25(7 0 ?(=(7 /& 7<78-8<?-E. F<& 7&
&'*5&(. &. &5 (5,03-8'0 : F<& .<.?( 7& 9(. 9&?90 *M25-?(7 <.F<& &J-78&. 707*&?9(7
7023& *<.807 /;2-5&7 &. &5 /-7&K0 /& &78(7 ?(=(7 .0 7& ?0.0?& (?8<(5'&.8& .-.,M. ';80/0
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?5(1&7 \ "]4 &. &5 '0'&.80 /&5 /&7(330550 /&5 (5,03-8'0 &. ""4
7<*0.-&./0 F<& <.( '+F<-.( *</-&7& 9(?&3 <. ?-H3(/0 *03 '-?307&,<./0 : F<& H<&7&
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8-&'*0 808(5 &78-'(/0 7&36( /& '+7 /& AAA (K07
<.F<& &5 (5,03-8'0 9( 7-/0 7&,<30 9(78( 5( (?8<(5-/(/4 (903( 7& &78-'( F<& 7& *0/36(
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?5+7-?0 B1&3 (?8<(5'&.8& &5 (5,03-8'0 C

'%"$'+%)&'+/ +%+ '#$7-%)&' /(&$)%3: 9 ;


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-.?5<70 '+7 7- 7& -'*5&'&.8( &. 9(3/Q(3&C : 2(78(.8& '+7 7&,<30 >( 7<*&3(/0 80/07 507
-.8&.807 /& 5( ?0'<.-/(/ ?-&.86H-?( /& 30'*&3 7< ?-H3(/0 9(78( &5 '0'&.80
<8-5-D( 7<2?5(1&7 /& 2-87 : ?-H3( &. *(707 (/( 250F<& 7& /-1-/& &.
?<(830 ?<(38&807 /& 2-87 : 7& <8-5-D(. 0*&3(?-0.&7 /-78-.8(7 *(3( ?0'2-.(3 /07 1(503&7
&'( )*+,-.(
/& 2-8 *30/<?-&./0 <. 3&7<58(/0 /& 8('2-;. 2-8@ G 4 7<'( B'0/<50 C : <.(
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083(7 (*5-?(?-0.&74 &. &5 *0*<5(3 *30,3('( /& ?-H3(/0

% #" .
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