4%0%')
4%0%')
7832)
7832)
0) (9) 794)6*-'- (- 4%0%') 7832)
0´%086% 794)6*-'-)
0E GSPPI^MSRI 4EPEGI 7XSRI TVIWIRXE HYI ZEVMERXM GSR HMJJIVIRXM ½RMXYVI HIPPE WYTIV½GMI 2EXYVEPI YRE WYTIV½GMI WIRWMFMPQIRXI WXVYXXYVEXE GLI VMGLMEQE PE XMTMGE VYKSWMXk HIPPE TMIXVE REXYVEPI 5YIWXE ½RMXYVE WM GEVEXXIVM^^E TIV P´EPXS PMZIPPS HM VIWMWXIR^E EPPS WGMZSPEQIRXS 6 UYMRHM TEVXMGSPEVQIRXI EHEXXE ERGLI TIV PE TSWE MR IWXIVRS 0ETTEXE MR 'VIWXE GSR UYIWXE VEJ½REXE PEZSVE^MSRI HM ½RMXYVE SKRM TMEWXVIPPE ZMIRI PIZMKEXE MR QSHS XEPQIRXI PIKKIVS GLI PI QSPI XSGGERS WSPS PE GMQE HIPPE WXVYXXYVE WYTIV½GMEPI PEWGMERHS MREPXIVEXS MP VIWXS - VM¾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
(-) >;)- 3&)6*0c',)2 :32 4%0%') 7832) (MI /SPPIOXMSR 4EPEGI 7XSRI TVmWIRXMIVX ^[IM :EVMERXIR QMX YRXIVWGLMIHPMGLIR 3FIV J PmGLIR 2EXYV )MRI J LPFEV WXVYOXYVMIVXI 3FIV J PmGLI HMI ER HMI X]TMWGLI 6EYLIMX HIV 2EXYVWXIMRI IVMRRIVX (MIWI 3FIVJ PmGLI ^IMGLRIX WMGL HYVGL MLVIR KILSFIRIR 6YXWGLLIQQYRKW[IVX EYW 6 YRH MWX HEHYVGL EYGL J V HMI :IV PIKYRK MR %Y IRFIVIMGLIR FIWSRHIVW KIIMKRIX 0 I M G L X E Q T S P M I V X & I M H M I W I V V E J J M R M I V X I R 3FIVJ PmGLIRFIEVFIMXYRK [MVH NIHI *PMIWI WS PIMGLX ERTSPMIVX HEWW HMI 7GLPIMJWGLIMFIR HEFIM HMI 3FIV J PmGLIRWXVYOXYV RYV ER HIV 7TMX^I FIV LVIR YRH HIR 6IWX YRZIVmRHIVX PEWWIR (MI HYVGL HMI OPIMRIR TSPMIVXIR >SRIR IRXWXILIRHIR 6IJ PI\I WGLEJJIR IMRI ERKIRILQ ^EVXI YRH IPIKERXI STXMWGLI ;MVOYRK
037 (37 %'%&%(37 () 4%0%') 7832) 0E GSPIGGMzR 4EPEGI 7XSRI TVIWIRXE HSW EGEFEHSW HMJIVIRXIW HI WYTIVJMGMI 2EXYVEP YRE WYTIVJMGMI ZMWMFPIQIRXI IWXVYGXYVEHE UYI VIGYIVHE E PE XuTMGE VYKSWMHEH HI PE TMIHVE REXYVEP )WXI EGEFEHS WI GEVEGXIVM^E TSV WIV EPXEQIRXI ERXMHIWPM^ERXI RMZIP 6 TSV PS GYEP XEQFMqR IWXj IWTIGMEPQIRXI MRHMGEHS TEVE I\XIVMSVIW 4YPMHS IR ±'VIWXE² GSR IWXI VIJMREHS XVEXEQMIRXS HI EGEFEHS GEHE FEPHSWE WI TYPI HI QERIVE XER WYEZI UYI PEW QYIPEW XSGER ETIREW PE ±GMQE² HI PE IWXVYGXYVE WYTIVJMGMEP HINERHS IP VIWXS MREPXIVEHS 0SW VIJPINSW TVSHYGMHSW TSV PEW TIUYIyEW ^SREW TYPMHEW GVIER YR EKVEHEFPI IJIGXS IWXqXMGS HIPMGEHS ] IPIKERXI
ǙǗǚ ǤǣǗǚǥǪǢǣǦǧǝ 4%0%') 7832) ǟǣǠǠǚǟǫǝǴ 4EPEGI 7XSRI ǤǥǚǙǦǧǕǗǠǚǢǕ Ǘ ǙǗǨǪ ǗǕǥǝǕǢǧǕǪ Ǧ ǥǕǜǠǝǬǢǣǞ ǣǧǙǚǠǟǣǞ ǤǣǗǚǥǪǢǣǦǧǝ ǢǕǧǨǥǕǠDZǢǕǴ ǜǢǕǬǝǧǚǠDZǢǣ ǦǧǥǨǟǧǨǥǝǥǣǗǕǢǢǕǴ ǤǣǗǚǥǪǢǣǦǧDZ ǦǗǣǚǞ ǭǚǥǣǪǣǗǕǧǣǦǧDZdz ǢǕǤǣǡǝǢǕdzǮǕǴ ǢǕǧǨǥǕǠDZǢǰǞ ǟǕǡǚǢDZ ǧǕǟǕǴ ǣǧǙǚǠǟǕ ǣǧǠǝǬǕǚǧǦǴ ǗǰǦǣǟǝǡ ǨǥǣǗǢǚǡ ǦǣǤǥǣǧǝǗǠǚǢǝǴ ǟ ǦǟǣǠDZǛǚǢǝdz 5 Ǘ ǦǗǴǜǝ Ǧ Ǭǚǡ ǤǠǝǧǟǕ ǣǦǣǖǚǢǢǣ ǤǣǙǪǣǙǝǧ ǙǠǴ ǨǟǠǕǙǟǝ ǦǢǕǥǨǛǝ ǜǙǕǢǝǞ ǤǣǠǨǤǣǠǝǥǣǗǕǢǢǕǴ Dzǧǣ ǝǜǰǦǟǕǢǢǰǞ ǗǝǙ ǣǧǙǚǠǟǝ Ǥǥǝ ǟǣǧǣǥǣǡ ǟǕǛǙǕǴ ǤǠǝǧǟǕ ǤǣǠǝǥǨǚǧǦǴ ǧǕǟ Ǭǧǣ ǭǠǝǩǣǗǕǠDZǢǰǞ ǟǥǨǘ ǚǙǗǕ ǟǕǦǕǚǧǦǴ ǚǚ ǤǣǗǚǥǪǢǣǦǧǝ ǦǠǚǘǟǕ ǦǧǕǬǝǗǕǴ ǠǝǭDZ ǗǰǦǧǨǤǕdzǮǝǚ ǢǚǥǣǗǢǣǦǧǝ ǗǚǥǪǢǚǘǣ ǦǠǣǴ ǝ ǣǦǧǕǗǠǴǴ ǗǦǚ ǣǦǧǕǠDZǢǣǚ Ǘ ǢǚǝǜǡǚǢǢǣǡ ǗǝǙǚ ǖ Ǡǝǟǝ ǤǥǣǝǜǗǣǙǝǡǰǚ ǢǚǖǣǠDZǭǝǡǝ ǣǧǤǣǠǝǥǣǗǕǢǢǰǡǝ ǨǬǕǦǧǟǕǡǝ ǦǣǜǙǕdzǧ ǤǥǝǴǧǢǰǞ ǗǝǜǨǕǠDZǢǰǞ Dzǩǩǚǟǧ ǝǦǤǣǠǢǚǢǢǰǞ ǢǚǛǢǣǦǧǝ ǝ DzǠǚǘǕǢǧǢǣǦǧǝ
0)7 ()9< 796*%')7 () 4%0%') 7832) 0E GSPPIGXMSR 4EPEGI 7XSRI TVqWIRXI HIY\ ZEVMERXIW HI J MRMXMSR HI WYV JEGI 2EXYVIPPI YRI WYV JEGI PqKrVIQIRX WXVYGXYVqI UYM VETTIPPI PE VYKSWMXq TVSTVI k PE TMIVVI REXYVIPPI 'IXXI J MRMXMSR WI GEVEGXqVMWI TEV YR LEYX HIKVq HI VqWMWXERGI k PE KPMWWERGI
6 TEV GSRWqUYIRX TEV XMGYPMIVIQIRX MRHMUYqI k PE TSWI IR I\XqVMIYV 7IQM TSPMI IR WYV JEGI HERW GIXXI J MRMXMSR VEJJ MRqI GLEUYI GEVVIEY IWX WSYQMW k YR TSPMWWEKI XIPPIQIRX PqKIV UYI PIW QIYPIW IJ J PIYVIRX k TIMRI PE WXVYGXYVI WYTIV J MGMIPPI WERW IRXEQIV PI GEVVIEY 0IW VIJPIXW TVSHYMXW TEV PIW TIXMXIW WYVJEGIW FVMPPERXIW GVqIRX YR IJJIX ZMWYIP EKVqEFPI HqPMGEX IX qPqKERX
'SR 4EPEGI 7XSRI ERGLI MP VIXVS HIPPE TMEWXVIPPE r EPP´EPXI^^E HIPPS WXMPI MRGSRJSRHMFMPI HM :IVWEGI ,SQI
4IV MQTIHMVRI P´MPPIGMXE GSRXVEJJE^MSRI 7YP VIXVS HM XYXXM M TI^^M HM UYIWXE RYSZE GSPPI^MSRI XVSZEXI MP QEVGLMS :IVWEGI HMVIXXEQIRXI MRGMWS RIPPE QEXIVME GIVEQMGE 8,) 38,)6 796*%') ;MXL 4EPEGI 7XSRI IZIR XLI FEGO SJ XLI XMPI PMZIW YT XS XLI YRQMWXEOEFPI :IVWEGI ,SQI WX]PI
8S TVIZIRX GSYRXIVJIMXMRK 3R XLI VIEV SJ EPP XLI TMIGIW MR XLMW RI[ GSPPIGXMSR ]SY [MPP ½RH XLI :IVWEGI PSKS IRKVEZIH HMVIGXP] SR XLI GIVEQMG FSH]
0´%986) 796*%') %ZIG 4EPEGI 7XSRI PI HSW HY GEVVIEY IWX PYM EYWWM k PE LEYXIYV HY WX]PI MRGSQTEVEFPI HI :IVWEGI ,SQI
4SYV TVqZIRMV XSYXI GSRXVIJEpSR MPPqKEPI %Y HSW HI GLEUYI GEVVIEY HI GIXXI RSYZIPPI GSPPIGXMSR IWX TVqWIRX PI PSKS :IVWEGI HMVIGXIQIRX KVEZq HERW PI QEXqVMEY GqVEQMUYI
(-) %2()6) 3&)6*0c',) 1MX 4EPEGI 7XSRI [MVH WIPFWX HMI 6 GOWIMXI HIV *PMIWI HIQ YRZIVOIRRFEVIR 7XMP ZSR :IVWEGI ,SQI KIVIGLX
9Q HMI KIWIX^IW[MHVMKI *mPWGLYRK ^Y ZIVLMRHIVR -WX EYJ HIV 6 GOWIMXI IMRIW NIHIR 8IMPW HMIWIV RIYIR /SPPIOXMSR HMI 1EVOI :IVWEGI HMVIOX MR HMI OIVEQMWGLI 1EWWI IMRKVEZMIVX
0 % 386 % '%6 % 'SR 4EPEGI 7XSRI IP VIZIVWS HI PE FEPHSWE XEQFMqR QYIWXVE IP IWXMPS MRGSRJYRHMFPI HI :IVWEGI ,SQI
% J MR HI MQTIHMV MQMXEGMSRIW MPuGMXEW )R IP VIZIVWS HI XSHEW PEW TMI^EW HI IWXE RYIZE GSPIGGMzR IWXj KVEFEHE PE QEVGE :IV WEGI HMVIGXEQIRXI WSFVI IP QEXIVMEP GIVjQMGS
ǣǖǥǕǧǢǕǴ ǦǧǣǥǣǢǕ 4%0%') 7832) ǧǕǟǛǚ ǝ ǣǖǥǕǧǢǕǴ ǦǧǣǥǣǢǕ ǤǠǝǧǟǝ 4EPEGI 7XSRI ǣǧǡǚǬǚǢǕ ǢǚǤǣǗǧǣǥǝǡǰǡ ǖǠǕǘǣǥǣǙǦǧǗǣǡ ǦǧǝǠǴ :IVWEGI ,SQI ǙǠǴ ǜǕǮǝǧǰ ǣǧ ǢǚǠǚǘǕǠDZǢǣǞ ǤǣǙǙǚǠǟǝ Ǧ ǣǖǥǕǧǢǣǞ ǦǧǣǥǣǢǰ ǟǕǛǙǣǞ ǤǠǝǧǟǝ DzǧǣǞ ǢǣǗǣǞ ǟǣǠǠǚǟǫǝǝ ǢǚǤǣǦǥǚǙǦǧǗǚǢǢǣ Ǘ ǟǚǥǕǡǝǬǚǦǟǣǡ ǡǕǧǚǥǝǕǠǚ ǗǰǥǚǜǕǢ ǧǣǥǘǣǗǰǞ ǜǢǕǟ :IVWEGI
4%0%') 7832)ⱘ㚠䴶 4EPEGI 7XSRIⷪᵓⱘ㚠䴶гᏺᴹ:IVWEGI ,SQI⣀⡍ⱘ亢Ḑ 䖭ḋৃҹ䰆⊏䴲⊩ⱘⲫ⠜⦄䈵 ℸᮄḋᓣⱘৢ䴶䛑᳝:IVWEGIଚᷛⳈࠏॄ䱊⫋ॳ᭭䞠䴶
4%0%') 7832)ⷪᵓⱘϸ⾡㸼䴶 4EPEGI 7XSRIḋᓣ ḍ݊ϡৠⱘ㊒ࡴᎹ ৃҹ䗝ᢽϸ⾡㸼䴶 ✊ Ϣ㒧ᵘ↨䕗ヺড়ⱘ㸼䴶 ㉏Ԑ✊༈ϔḋᏺⲅ 㒍ⱘ 䖭⾡㸼䴶ⱘᡫ⒥ᑺᕜ催 5 ℸ䗖ড়㺙 ᓎㄥⱘ䴶 乊ᓣ⺼ ܝ䗮䖛ℸ催ḷⱘ㊒㒚ࡴᎹ↣ᓴⷪᵓ㒣䖛ϔ⾡ᕜ 䕏ⱘ⺼ܝ໘⧚ ⷖ䕂া㾺Ѣ㸼䴶ⱘ乊ッ ϡࡴᎹ࠽ϟⱘᴤ ᭭ 㹿⺼ⱘܝ䴶⿃ᇣⱘ㸼䴶䗴៤ⱘডܝ㒭ќϔ⾡ᙺⳂ ㊒ 㒚ϢӬ䲙ⱘ㾚㾝ᬜᵰ
794)6*-'-) 2%896%0)