46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46...

96
F46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3, 742 )*8 *6 &8 75.7* )*3, 1PA D4 ;OB4 34==4 1AD6B0=E8B=8=6. (N 34= <N34 :0= D4 D3=GCC4 0;;4 >E=4=B C4:=8B:4 5>A34;4. D4 5NA E86C864 8=5>A<0C8>=4A E43APA4=34 B8::4A743. D4 ;OA4A 34 4=:4;C4 34;4 8 34= =G4 >E= 0C :4=34. ’6 E8 E8B4A D4< CA8= 5>A CA8=, 7E>A30= D4 5>A4C064A 8=3BC8;;8=64A=4. D4C 4A 60=B:4 ;4C. ! C014;;4A=4 58=34A D4 8=3BC8;;8=6BEOA384A >6 A8;;47P934A 5>A <0=64 0;<8=34;864 <03A4CC4A. A;C 4A 05C4BC4C 8 E>A4B ?APE4:P::4=. ’6 7E8B 34A B:D;;4 >?BCN 4= 549;, 58=34B 34A >6BN >?;GB=8=64A ><, 7E>A30= D4 B4;E :0= 0579O;?4 <8=3A4 549;. D4= D35PA;864 8=37>;3B5>AC46=4;B4 6PA, 0C D4 7DAC86C :0= 58=34 AD=3C 8 1AD6B0=E8B=8=64=. ’6 =D: -4;14:><<4. B69,7&3:.73.3, 9000 418 134 HB 78P.70, HB 78P.70 E, HB 78P.70 ! )& 890316

Upload: others

Post on 27-Sep-2020

14 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�46 &8 )*8 70&1 :?6* 1.,* 7> '*-&,*1.,8 &8 8.1'*6*)*2&)*3� 742 )*8 *6 &8 75.7* )*3�

1PA �4 ;OB4 34==4 1AD6B0=E8B=8=6� (N 34= <N34 :0= �4D3=GCC4 0;;4 >E=4=B C4:=8B:4 5>A34;4�

�4 5NA E86C864 8=5>A<0C8>=4A E43APA4=34 B8::4A743� �4 ;OA4A34 4=:4;C4 34;4 8 34= =G4 >E= 0C :4=34� '6 E8 E8B4A �4< CA8=5>A CA8= 7E>A30= �4 5>A4C064A 8=3BC8;;8=64A=4� �4C 4A 60=B:4;4C�

! C014;;4A=4 58=34A �4 8=3BC8;;8=6BEOA384A >6 A8;;47P934A 5>A<0=64 0;<8=34;864 <03A4CC4A� �;C 4A 05C4BC4C 8 E>A4B?APE4:P::4=�'6 7E8B 34A B:D;;4 >?BCN 4= 549; 58=34B 34A >6BN >?;GB=8=64A>< 7E>A30= �4 B4;E :0= 0579O;?4 <8=3A4 549;�

�4= D35PA;864 8=37>;3B5>AC46=4;B4 6PA 0C �4 7DAC86C :0= 58=34AD=3C 8 1AD6B0=E8B=8=64=�

'6 =D� -4;14:><<4�

�69,7&3:.73.3,

���� � ��

�� � ����� �� � ���� �� �� � ���� !

)&

���� �

Page 2: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�3)-41)7+468*,3*17*

�:&) �* '@6 :?6* 452?60742 5> � � � � �

!.00*6-*)7&3:.73.3,*6 � � � � � � � � � � � � � � � � � � � � � � �

!=34= <>=C064 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�=E8B=8=64A >< B8::4A743 � � � � � � � � � � � � � � � � � � � � � �

KAB064A C8; B:034A � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�*88* *6 �*6*7 3;* 4:3 �� � � � � � � � � � � � � � � �

$?,2438*6*8 4:3 �� � � � � � � � � � � � � � � � � � � � � � � � � � � �

�;0B:4A0<8: �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�*8/*3.3,7+*18*8 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�4C94=8=6B54;C �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

+0BC4A �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�A494:=0? �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�8B?;0G �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

+4<?4A0CDA:>=CA>; �� � � � � � � � � � � � � � � � � � � � � � � � � � � �

�.+8*3 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

K1=4 >6 ;D::4 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�4<<4 ;85CR4=34?>B8C8>= �� � � � � � � � � � � � � � � � � � � � � � �

�:3 4, 8.1'*-@6 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

'E=AD< �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

+8;147PA � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

+8;147PAB7>;34A �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�;0B:4A0<8: �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

!>)&3 '*8/*3*7 4:3*3 � � � � � � � � � � � � � � � �

�3)*3 )*3 +@678* .'69,8&,3.3, � � � � � � � � � � � � � � � � �

�PABC460=6B8=3BC8;;8=64A �� � � � � � � � � � � � � � � � � � � � � � � �

'?E0A<4 >E=AD<<4C �� � � � � � � � � � � � � � � � � � � � � � � � � �

Page 3: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�3)-41)7+468*,3*17*

)4=6PA4 C8;147PA 8=34= 1AD6 �� � � � � � � � � � � � � � � � � � � �

"?3)* 4, 71900* +46 4:3*3 �� � � � � � � � � � � � � � � � � � �

�3)78.11* 4:3*3 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

'E=5D=:C8>=4A �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

!=3BC8;;4 >E=5D=:C8>= >6 C4<?4A0CDA �� � � � � � � � � � � � � � �

�=1450;434 8=3BC8;;8=64A �� � � � � � � � � � � � � � � � � � � � � � � �

!=3BC8;;4 ;G=>?E0A<=8=6 �� � � � � � � � � � � � � � � � � � � � � � � � �

".)7+9308.43*6 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

!=3BC8;;4 <8=DCDA �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

!=3BC8;;4 E0A86743 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

L=3A4 B;DCRC83 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

!=3BC8;;4 :;>::4B;OC �� � � � � � � � � � � � � � � � � � � � � � � � � � � �

�693).3)78.11.3,*6 � � � � � � � � � � � � � � � � � � � � � � � � � � � �

L=3A4 6AD=38=3BC8;;8=64A � � � � � � � � � � � � � � � � � � � � � � �

�:3*37 75*(.&1+9308.43*6 � � � � � � � � � � � � � �

�@63*7.06.3, � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�64,6&2&9842&8.0 � � � � � � � � � � � � � � � � � � � � � � � � � �

�034 >6 147>;34A4 �� � � � � � � � � � � � � � � � � � � � � � � � � � � �

�>A14A434 A4CC4= �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

(A>6A0<<4A �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

-O;64 >6 8=3BC8;;4 ?A>6A0< � � � � � � � � � � � � � � � � � � � � �

+8?B >< ?A>6A0<0DC><0C8::4= �� � � � � � � � � � � � � � � � � �

�*246; � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�4<<4 8=3BC8;;8=64A 8 %4<>AG �� � � � � � � � � � � � � � � � � � �

*C0AC4 %4<>AG �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

Page 4: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�3)-41)7+468*,3*17*

!*1:6*37 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

-86C86C �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

!=34= B4;EA4=B �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

)4=B4 C8;147PA <43 B4;EA4=B �� � � � � � � � � � � � � � � � � � � �

!=3BC8;;4 A4=6PA8=6BCA8= �� � � � � � � � � � � � � � � � � � � � � � � � �

�5C4A B4;EA4=B �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�9842&8.70 71903.3, � � � � � � � � � � � � � � � � � � � � � � � � �

!>)&3 6*3,@6*7 4:3*3 � � � � � � � � � � � � � � �

�1*/* 4, 6*3,@6.3, � � � � � � � � � � � � � � � � � � � � � � � � � � �

)4=6PA8=6B<83;4A �� � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�5<>=C4A4�<>=C4A4 6;0BAD34A �� � � � � � � � � � � � � � � � � � �

�3 +*/1� -:&) ,@6 2&3� � � � � � � � � � � � � � � � �

�+-/?153.3, &+ 2.3)6* +*/1 � � � � � � � � � � � � � � � � � � � � �

�49;C014; �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

#)70.+8* 5?6* . 4:3'*1;73.3, � � � � � � � � � � � � � � � � �

$0<?4 8 >E=;>5C �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

'E=;0<?4 8 B834 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�;0B053O:=8=64A � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

<'3* 4:3*3 2&39*18 �� � � � � � � � � � � � � � � � � � � � � � � � �

*N30= 6PA �4 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�93)*7*6:.(* �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

".57 42 *3*6,.'*75&6*17* 4, 2.1/@-*37;3 �� � � � � �

�=4A6814B?0A4;B4 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � �

%8;9PE4=;86 1>ACB:0554;B4 �� � � � � � � � � � � � � � � � � � � � � � � �

Page 5: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�3)-41)7+468*,3*17*

"*78*8 . :46*7 56@:*0@00*3 � � � � � � � � � � � �

�3)78.11.3,7:?6).*6 4, 8.57 � � � � � � � � � � � � � � � � � � � �

#064A >6 106EOA: �� � � � � � � � � � � � � � � � � � � � � � � � � � � �

�064C8?B �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

#P3 594A:AO 58B: � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

*C464R >6 6A8;;C8?B �� � � � � � � � � � � � � � � � � � � � � � � � � � � � �

$0=6C83BBC46=8=6 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � �

+8?B C8; ;0=6C83BBC46=8=6 �� � � � � � � � � � � � � � � � � � � � � � � �

+OAC4 6A0C8= C>0BC �� � � � � � � � � � � � � � � � � � � � � � � � � � � �

�OA386A4CC4A �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

*?4284;;4 A4CC4A � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

'?CP=8=6 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

-0A<7>;3=8=6 8�N14= >E= >6 B<4;C=8=6 �� � � � � � � � � � �

+PAA8=6 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

4=:>6=8=6 �� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

�06;1&2.) . 1*:3*)72.)1*6 � � � � � � � � � � � � � � � � � � � �

�6@:*6*88*6 � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �

Page 6: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�:&) �* '@6 :?6*452?60742 5>

$OB 34==4 1AD6B0=E8B=8=6 6AD=386C BN �4 0;C83 :0=14C94=4 >6 ?;494 >E=4= B8::4AC >6 :>AA4:C�

'?14E0A 1N34 1AD6B0=E8B=8=64= >6<>=C4A8=6BE49;43=8=64= 6>3C� E8B �4 68E4A >E=4=E834A4 C8; 0=3A4 B:0; �4 >6BN E43;O664 38BB41A>27DA4A�

Page 7: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

� !.00*6-*)7&3:.73.3,*6

'E4A7>;3 5P;64=34 0=E8B=8=64A BN 34A 8::4 B:4A D74;3D=34A 1AD64= 05 >E=4= >6 BN �4 :0= 70E4 6;O34 05>E=4= 8 ;0=6 C83�

'E4A7>;3 0=E8B=8=64A=4 8 <>=C4A8=6BE49;43=8=64=�

#>=CA>;;4A 0??0A0C4C =NA 34C 4A ?0::4C D3� E8B0??0A0C4C 70A 4= CA0=B?>ACB:034 <N 34C 8::4C8;B;DCC4B�

�??0A0C4C <N D34;D::4=34 C8;B;DCC4B 05 4= 0DC>A8B4A4C506<0=3� �4 70A 8::4 :A0E ?N 60A0=C8G34;B4A E43B:034A 34A 4A 5>ANAB064C 05 5>A:4AC C8;B;DC=8=6�

�4CC4 0??0A0C 4A D34;D::4=34 14A46=4C C8; 1AD6 8?A8E0C4 7DB7>;3=8=64A� �=E4=3 D34;D::4=340??0A0C4C C8; C8;14A43=8=6 05 <03E0A4A�

E4A:4= E>:B=4 4;;4A 1PA= <N 14C94=4 0??0A0C4C D34=>?B86C 7E8B

� 34 5GB8B: 4;;4A <4=C0;C 8::4 4A 8 BC0=3 C8; 34CC4 4;;4A

� 7E8B 34 <0=6;4A 34= 5>A=P3=4 E834= >6 4A50A8=6�

$03 0;3A86 1PA= ;464 <43 0??0A0C4C�

�0A4 5>A 5>A1AO=38=6�)PA 0;3A86 E43 >E=4=B 8=3E4=3864 5;034A6;0B:4A0<8B:4 5;034A >6 E0A<4;464<4A =NA 34 4AE0A<4� -OA 5>AB86C86 =NA >E=3PA4= N1=4B� �4A :0=:><<4 <464C E0A< 30<? D3� >;3 1PA= ?N B8::4A 05BC0=3�

�3)*3 2438&,*

"6&37546870&)*6

�1*086.70 8.171983.3,

�3:.73.3,*6 427.00*6-*)

$&628 4:3692

Page 8: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�A0=350A4�'?14E0A 0;3A86 1AO=310A4 64=BC0=34 8 >E=AD<<4C�$O6 0;3A86 1064?0?8A ?N 34 6;0B:4A0<8B:4 >E4A5;034A�$D: 0;3A86 >E=3PA4= >? 7E8B 34A 4A AP6 8=34 80??0A0C4C� *;D: 5>A 0??0A0C4C� +AO: =4CBC8::4C D3 05:>=C0:C4= 4;;4A B;N B8:A8=64= 5A0 8 B8:A8=6BB:014C�

�0A4 5>A :>ACB;DC=8=6�*PA6 5>A 0C 34A 8::4 :><<4A C8;B;DC=8=6B:01;4A C8;4;4:CA8B:4 0??0A0C4A 8 :;4<<4 8 34= E0A<4 >E=3PA�#01;4A=4B 8B>;4A8=6 :0= B<4;C4�

�0A4 5>A B:>;3=8=6� O;3 0;3A86 E0=3 ?N 6;0B:4A0<8::4= =NA 34= 4A E0A<��4A >?BCNA <464C E0A< E0=330<?�

�0A4 5>A 5>A1AO=38=6�+8;14A43 0;3A86 A4CC4A B>< 8=347>;34A BCPAA4 <O=634A3A8::4E0A4A <43 7P9C 0;:>7>;8=37>;3� �;:>7>;30<?4:0= 0=CO=34B 8=34 8 >E=AD<<4C� �=E4=3 :D= B<N<O=634A 3A8::4E0A4A <43 7P9C 0;:>7>;8=37>;3 >6EOA 5>AB86C86 =NA >E=3PA4= N1=4B�

�0A4 5>A 5>A1AO=38=6�+06 0;3A86 C8;147PA 4;;4A 5034 D3 05 >E=AD<<4C D34= 0C1AD64 6AG34;0??4A�

�A0=350A4�';84 >6 543CBC>5 :0= 7DAC86C 1;8E4 0=CO=3C� *PA6 5>A 0C594A=4 BCPAA4 A4BC4A 05 >;84 4;;4A 543C 8=34= >E=4=1AD64B =OBC4 60=6�

�0A4 5>A 4;4:CA8B: BCP3��4=GC 8::4 >E=4= 7E8B 34A 4A A4E=4A 4;;4A B?AO::4A 86;0B:4A0<8::4=� #>=C0:C :D=34B4AE824�

�0A4 5>A 4;4:CA8B: BCP3��06;86C D:>AA4:C4 A4?0A0C8>=4A 4A 50A;864� #D=B4AE824C4:=8:4A4 34A 4A D330==4C 05 >B <N D35PA4A4?0A0C8>=4A >6 D3B:85C4 14B:0386434C8;B;DC=8=6B;43=8=64A�+AO: =4CBC8::4C D3 05 :>=C0:C4= 77E� B;N B8:A8=64= 5A0 8B8:A8=6BB:014C 7E8B 0??0A0C4C 4A 3454:C� #>=C0:C:D=34B4AE824�

$&628 8.1'*-@6 4, +&)*

*78*6 &+ 41.* 4, +*)8784+

*:3*6 . ,1&70*6&2.00*3

�&,1.,8 90466*08*6*5&6&8.43*6

Page 9: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�A0=350A4�$PB4 <03A4BC4A 543C >6 BC464B05C :0= 0=CO=34BD=34A B4;EA4=B��94A= 0;C83 6A>E4 C8;B<D3B=8=64A 5A0 >E=AD<<4C 8=34=B4;EA4=B�

�0A4 5>A 5>A1AO=38=6��??0A0C4C 1;8E4A <464C E0A<C ?N G34AB834= D=34AB4;EA4=B� >;3 1PA= ?N B8::4A 05BC0=3�

�0A4 5>A 0;E>A;864 BD=3743BB:034A��064?;034A >6 5>A<4 <43 B;8?R;4CR14;O6=8=6 <N0;3A86 A4=6PA4B <43 B4;EA4=B� (N 6AD=3 05 34= :A05C864E0A<4 1;8E4A B;8?R;4CR14;O6=8=64= P34;06C >6 34A1;8E4A 5A869>AC 685C864 60BB4A�

%0=64 B:034A :0= D=36NB� 'E4A7>;3 34A5>A 5P;64=340=E8B=8=64A�

*?AP9C 0;3A86 E0=3 8=3 8 34= E0A<4 >E=� �<0;94= :0=1;8E4 14B:03864C�

*C8; 8::4 5034 >6 5>A<4 74;C D3 C8; :0=C4= 05 6;0BR:4A0<8::4=� �4A <N 8::4 BC8::4 =>64C D3 >E4AC8;147PAB7>;34A=4� �034 >6 5>A<4 :0= 8 68E4C 50;3 BCP34<>3 1064>E=4= =NA 34= ;D::4B��=E4=3 :D= 46=434 5034 >6 5>A<4� *C8; 34< 0;C83 <83C?N 6;0B:4A0<8::4=�

'E=4=B E4=C8;0C8>=BN1=8=64A <N 8::4 3O::4B C8;�'E=4= 1;8E4A 8 68E4C 50;3 >E4A>?7434C�

$O6 8::4 5>A <464C ?N 1064?;034= E43 106=8=6 055AD6C:064A <43 <464C 5D6C86C 5G;3� �AG? 05 5AD6CB05C 5A01064?;034= 5>ANAB064A ?;4CC4A B>< 8::4 :0= 594A=4B864=��AD6 >< <D;86C D=8E4AB0;1A034?0=34= B>< 4A3G14A4�

'?14E0A 8::4 5D6C864 5P34E0A4A 8 ;O=64A4 C83 8 34C;D::434 >E=AD<� �<0;94= :0= 1;8E4 14B:03864C�

!*1:6*37

<67&,*6 8.1 70&)*6

�:3

Page 10: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�034 >6 5>A<4 <43 AD 1D=3 ;0E4A A83B4A 86;0B:4A0<8::4=� #>=CA>;;4A 1D=34= ?N C8;147PA 5034>6 5>A<4�

*0;C BD::4A >6 B0=3 ;0E4A A83B4A 6;0B:4A0<8::4=�-43�>?E0A<=8=6 :0= 34A 30==4B ?;4CC4A 34A 8::4 :0=594A=4B 864=��=E4=3 8::4 34= 6;0B:4A0<8B:4 5;034 B>< 0A1493BR4;;4A 05BOC=8=6B?;03B�

�=E4=3 8::4 5034 >6 5>A<4 05 :D=BCBC>5� �4 B<4;C4A>6 34A 30==4B ?;4CC4A 34A 8::4 :0= 594A=4B 864=��=E4=3 :D= 46=434 5034 >6 5>A<4�

�4A :0= >?BCN B:034A 7E8B ;85C4= BCP34A 8=3 8 0=3A464=BC0=34� >;3 ;85C4=B 14EO64;B4B><AN34 5A8C�

,=3;03 0C BCN B8334 4;;4A BCPCC4 �4< ?N6;0B:4A0<8::4=�

E8B >E=COC=8=64= 4A BCOA:C C8;B<D3B4C ;D::4A >E=4=8::4 :>AA4:C� �A>=C4A=4 ?N :P::4=4;4<4=C4A=4 E43B834= 05 :0= 1;8E4 14B:03864C 05 E0A< ;D5C 5A0 >E=4=�*PA6 5>A 0C 7>;34 >E=COC=8=64= A4=�

$03 4=C4= >E=4= EOA4 74;C N14= 4;;4A 74;C ;D::4C D=34A05:P;8=64=� E8B 34A :D= 4A 4= B<0; N1=8=6 :0= 34=E0A<4 ;D5C <43 C834= 14B:03864 5A>=C4A=4 ?N :P::4=R4;4<4=C4A=4 E43 B834= 05�

�1&70*6&2.0

�.+8

�@00*3*1*2*38*6 :*)7.)*3 &+ 4:3*3

Page 11: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�*88* *6 �*6*7 3;* 4:3

4A ;OA4A �4 �4A4B =G4 >E= 0C :4=34�-8 5>A:;0A4A >< ;85C4= >6 14C94=8=6B54;C4C <4314C94=8=6B:=0??4A >6 8=38:0C>A4A� �4 5NA >?;GB=8=64A >< >E=5D=:C8>=4A=4 >6 >< 34C;4E4A434 C8;147PA�

Page 12: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

$?,2438*6*8 4:3

�<1B;5A1=9;

,5>C9<1C9?>BO2>9>75A

#96CSC1BC5A

�5C:5>9>7B65<C

#96CSC1BC5A

*9<258RAB8?<45A*9<258RAB8?<45A

,5>C9<1C9?>BO2>9>75A

#96CS2D>4

,1A=56<145

�1&70*6&2.0

Page 13: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�*8/*3.3,7+*18*8

�4 8=3BC8;;4A >E=4= E80 14C94=8=6B54;C4C� 4A 1;8E4A 344=:4;C4 14C94=8=6B4;4<4=C4A 5>A:;0A4C�

4A E8B4B 4= >E4AB86C >E4A 14C94=8=6B54;C4C��;C 45C4A 0??0A0CCG?4 :0= 34A EOA4 <8=3A4 05E864;B4A�

�A5:5;>1@*1BC5A

�9B@<1G

*1BC5A

�*8/*3.3,7+*18

Page 14: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

!;2'41 "&78*37 +9308.43

� *P>45 ?7 B<D;;5 6?A ?E>5>

� ,P<75 ?E>6D>;C9?>5A

�;C9E5A5 @A?7A1=1DC?=1C9;

� "?AC CAG; � 1;C9E5A5 =5=?AG#1>7C CAG; � 75==5 =5=?AG

� ,P<75 B5<EA5>B

� $?4 E5>BCA5 9 9>4BC9<<9>7B?=AO45C

$?4 8R:A5 9 9>4BC9<<9>7B?=AO45C

� K2>5 ?7 <D;;5 C94B6D>;C9?>5A

� �;C9E5A5�451;C9E5A5 2RA>5B9;A9>7

� �;C9E5A5 <G>?@E1A=>9>7

� "?AC CAG; � 85>C5 9>6?A=1C9?>5A#1>7C CAG; � O2>5 5<<5A <D;;5 =5>D5> �AD>49>4BC9<<9>75A

� "?AC CAG; � BC1AC�@1DB5 16 4A96C#1>7C CAG; � 162AG45 4A96C

�4 :0= O=3A4 0;;4 5>A4B;N434 EOA384A >68=3BC8;;8=6BEOA384A <43 3A494:=0??4=�

�A494:=0??4= :0= 5>ABO=:4B� +AG: ?N 3A494:=0??4=34= C8; 0C 6N 8 4;;4A D3 05 70:�

"&78*6

�6*/*03&5

Page 15: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�8B?;0G4C 4A >?34;C 8 5;4A4 5>AB:4;;864 ><AN34A�

� *C0CDB;8=94

� !=3BC8;;8=6B><AN34A

� !=38:0C>A 5>A 3A494A4C=8=6

*C0CDB;8=94

!=3BC8;;8=6B><AN34�0:C8EC�

!=3BC8;;8=6B><AN34

!=38:0C>A 5>A3A494A4C=8=6

�:3+9308.43*6

��� =�$&6219+8�.25917,6.11

*C0CDB;8=94= 4A ?;024A4C PE4ABC 8 38B?;0G4C� 4A E8B4B:;>::4B;OC 34= E0;6C4 >E=5D=:C8>= 0=E8B=8=64A>?;GB=8=64A B0<C 34 8=3BC8;;434 C83B5D=:C8>=4A�

! 14664 8=3BC8;;8=6B><AN34A E8B4B 34 5>A4B;N434EOA384A B>< :0= O=3A4B� �4C 0:C8E4 8=3BC8;;8=6B><AN34 E8B4B 0;C83 <43 B>AC C4:BC?N ;GB 1066AD=3� 4A :0= �4 5>A4C064 O=3A8=64A�

%43 =0E860C8>=BC0BC4A=4 � >6 :0= �4 B:85C4 5A0 4C8=3BC8;;8=6B><AN34 C8; 34C =OBC4�(8;4=4 � >6 8 8=3BC8;;8=6B><AN34A=4 0=68E4A 34<D;864 14EO64;B4BA4C=8=64A <43 =0E860C8>=BC0BC4A=4�

�5C4A BC0AC 4A 14664 8=3BC8;;8=6B><AN34A E8BC <43 <PA:1066AD=3 >6 ;GB B:A85C�

*G<1>;4C � 0=68E4A 7E8;:4= A4C=8=6 3A494:=0??4=:0= 14EO64B� � 3A49 3A494:=0??4= <>3 7P9A4� � 3A49 3A494:=0??4= <>3 E4=BCA4 E8B 14664 A4C=8=6B?8;4 1;8E4A E8BC :0= 3A494:=0??4=3A494B 8 14664 A4C=8=64A�

�.751&;

!8&8971.3/*

�3)78.11.3,7426>)*6

�3).0&846 +46 )6*/*6*83.3,

Page 16: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�4 54< 19O;:4A 8 C4<?4A0CDA:>=CA>;;4= 0=68E4A>?E0A<=8=6B50B4A=4 4;;4A A4BCE0A<4= 8 >E=AD<<4C�

�5C4A BC0AC E8B4B 34A 54< 19O;:4A 8 BC0CDB;8=94=��4=�8=3BC8;;434 C4<?4A0CDA 4A =N4C =NA 34= B83BC419O;:4 4A D35G;3C�

�:*6A�93)*6:&62* ���=�

-43 6A8;;R >6 A4=6PA8=6BCA8= E8B4B 19O;:4A=4 8::4�

,=34A >?E0A<=8=64= :0= �4 5N E8BC 34= 0:CD4;;4>?E0A<=8=6BC4<?4A0CDA <43 C0BC4= i�(N 6AD=3 05 34= C4A<8B:4 CAO6743 :0= 34C B:40C�34=�E8BC4 C4<?4A0CDA 8::4 74;C BE0A4A C8; 34= 50:C8B:4C4<?4A0CDA 8 >E=AD<<4C�

�5C4A B;D:=8=6 E8B4A C4<?4A0CDA:>=CA>;;4= A4BCE0A<4=8�>E=AD<<4C� &NA 34= B83BC4 19O;:4 4A D35G;3C 4A 34A 4= C4<?4A0CDA?N 20� � I� 8 >E=AD<<4C� !=38:0C>A4= 1;8E4A B;D::4C=NA C4<?4A0CDA4= 4A BD=:4C C8; 20� � I��

"*25*6&8960438641

�5:&623.3,7+&7*6

*78:&62*

Page 17: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�.+8*3

$85C5D=:C8>=4= 1AD64B C8; 0C N1=4 >E=4= BN C8;147PA4C:0= 7O=64B ?N ?;03B =NA A4CC4A=4 B:0; C8;14A434B��4==4 N1=8=6B5>A< 6PA 0C 0A14934C <43 >E=4= 4A1N34 <464C 4A6>=><8B: >6 14:E4<C� �4 147PE4A8::4 ;O=64A4 0C BC8::4 0A<4=4 8=3 8 >E=4= >6 �414BC4<<4A B4;E 34= >?C8<0;4 0A1493B7P934�

$85C4=B 14EO64;B4 BCGA4B <43 ;85CRC0BC4A=4 ?N >E=4=B5A>=C��4 C> BOC C0BC4A C8; 7P9A4 >6 C8; E4=BCA4 ?N >E=4=B 5A>=C70A B0<<4 5D=:C8>=�

<'3* 4:3*3�+AG: ?N N1=4RC0BC4= �

�900* 4:3*3�+AG: ?N ;D::4RC0BC4= ��

+AG: ?N 34= ?N6O;34=34 C0BC C8; ;85C4=B 1D=3 70A =N4C34= P=B:434 ?>B8C8>=�

<'3* 4, 1900*

Page 18: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

E8B ;85C4= BCP34A ?N <>3BC0=3 BC0=3B4A 34= >614EO64A B86 ;83C 8 34= <>3B0CC4 A4C=8=6�$D: >E=4= BN 5D=64A4A ;85C >6 :;4<<414B:GCC4;B4:>AA4:C 864=�

(0B 0;;864E4; ?N 0C �4 8::4 5NA 7O=34A=4 8 :;4<<4 >64EC� :><<4A C8; B:034� >;3 ;85C4=B 14EO64;B4B><AN345A8C�

�4 :0= O=3A4 ;85C4=B 14EO64;B4B70BC86743 86AD=38=3BC8;;8=64A=4�*4 74A>< 8 :0?8C4; �*N30= 14C94=4B >E=4=� 8 05B=8CC4C������������� �� �

�4C94=8=6B54;C4C 4A ;NBC =NA ;85C4= 14EO64A B86�

$85C4= <N 8::4 14;0BC4B <43 <4A4 4=3 � :6�

�4 :0= 64<<4 34= P=B:434 ?>B8C8>= 5>A ;85C4=� ! BN50;3 :PA4A ;85C4= 0DC><0C8B: C8; 34= 64<C4 ?>B8C8>= =NA34A CAG::4B ?N ;85C4=B N1=8=6BC0BC 8 20� ��B4:D=3�+AG: ?N ;85C4=B ;D::4C0BC � 8 20� ��B4:D=3 =NA >E=4=B:0; ;D::4B�

$85CR4=34?>B8C8>=4= 64<<4B 8 6AD=38=3BC8;;8=64A=4�!�:0?8C4; �*N30= 14C94=4B >E=4=� 8 05B=8C������������� �� 14B:A8E4B 34C0;94A4C 7E>A30= 38BB4O=3A8=64A 5>A4C064B� !=34= ;85C4=B 4=34?>B8C8>=64<<4B B:0; 0=E8B=8=64A=4 8 05B=8CC4C �!=34= 34=5PABC4 81AD6C06=8=6� D35PA4B�

�>AD3BOC=8=6� �4A B:0; EOA4 B;D::4C 5>A >E=4=>6�34= B:0; EOA4 ;D::4C�

�� +AG: ?N C0BC4=�� 8 20� � B4:D=34A 8=3C8;��AD=38=3BC8;;8=6� E8B4B 8 BC0CDB;8=94=�

�� -O;6 6AD=38=3BC8;;8=64= �$85C4= :PA4A E43�>6�8=3BC8; C8; �#>AC CAG: ?N C0BC��

E8B 34A EO;64B �#>=BC0=C CAG: ?N C0BC� B:0;;85CRC0BC4= 7>;34B 8=34 <4=B ;85C4= :PA4A� $85C4=BC0=3B4A E43 34= 64<C4 4=34?>B8C8>=�

�1*22*'*70;88*17*

�.+8-&78.,-*)

�*2?60

�*22*1.+8A*3)*547.8.43

�*22*

Page 19: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�� -O;6 6AD=38=3BC8;;8=64= �$85CR4=34?>B8C8>=�>6�8=3BC8; C8; �'?30C4A��

� #PA ;85C1D=34= 74= C8; 34= P=B:434 ?>B8C8>=�

� *:85C C8; 34C E4=BCA4 8=3BC8;;8=6B><AN34 8 38B?;0G4C<43 C0BC4=���$85C4=B 4=34?>B8C8>= 4A 64<C�

�� �;8E E43 <43 0C CAG::4 ?N C0BC4=�� 8 20���B4:D=34A 8=3C8; 38B?;0G4C B;D::4B�

�4 :0= =NA B>< 74;BC 64<<4 4= 0=34= ;85C?>B8C8>=��5C4A 4= BCAP<051AG34;B4 4;;4A 7E8B6AD=38=3BC8;;8=64A=4 O=3A4B 5A0 � C8; �#>AC CAG: ?N C0BC�>6 �#>=BC0=C CAG: ?N C0BC B:0; ;85C4=B 4=34?>B8C8>=64<<4B 864=�

$85C4= BC0=3B4A =NA 34A CAG::4B ?N 4= 05 ;85CRC0BC4A=4<4=B 34= 0DC><0C8B:4 14EO64;B4 4A 8 60=6�

+AG: ?N N1=8=6BRC0BC4=� 8=3C8; ;85C4= =NA 34=P=B:434 ?>B8C8>= 7E8B ;85C4= B:0; 14EO64B 5>A18 34=64<C4 ;85CR4=34?>B8C8>=�

�:3 4, 8.1'*-@6

4A 5NA �4 >?;GB=8=64A >< >E=4= >6 C8;147PA4C� -85>A:;0A4A 7E>A30= �4 7O=64A C8;147PA4C ?N ?;03B 8>E=4= >6 7E>A30= 6;0B:4A0<8::4= 0=E4=34B�

�4A 4A ?;024A4C ;0<?4A 8=34 8 >E=AD<<4C� 'E=4= 1;8E4A14B:GCC4C <>3 >E4A>?743=8=6 05 4= :P;4E4=C8;0C>A�

E8B �4 N1=4A >E=3PA4= <4=B >E=4= 4A 8 60=6051AG34B E0A<4=� �= 4EC� C8;14A43=8=6BC83 BC0=3B4A�+AG: ?N C0BC4=�� 5>A 0C BC0AC4 >E=4= 864= =NA 34= 4A1;4E4C ;D::4C�

�*2?60

�:3692

Page 20: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

,=34A 3A85C4= 4A ;0<?4A=4 8=34 8 >E=AD<<4C CO=3C�-43 4= 8=3BC8;;4C C4<?4A0CDA4A D=34A � �I� >6 E43B4;EA4=B B;D::4B >E=;0<?4A=4� �4AE43 4A 34C <D;86C0C�5>A4C064 4= >?C8<0; 58=8=3BC8;;8=6�&NA >E=4= 4A N14= 4A 34C :D= ;0<?4= 8 ;>5C4C 34A ;GB4A<4=B B834;0<?4A=4 4A B;D::4C�

�AD=38=3BC8;;8=64A=4 �'E=14;GB=8=6 D=34A 3A85C� >6��;C4A=0C8E ;GBBCGA8=6� :0= O=3A4B�

� %43 �'E=14;GB=8=6 D=34A 3A85C� :0= 34C 8=3BC8;;4B>< >E=14;GB=8=64= B:0; EOA4 CO=3C 4;;4A B;D::4CE43 BC0AC�

� &NA ��;C4A=0C8E ;GBBCGA8=6� 0:C8E4A4B 1;8E4A>E=14;GB=8=64= CO=3C >6 B;D::4C <437>E43051AG34A4=���,=3C064;B4A� &NA �'E=14;GB=8=6 D=34A 3A85C� 4A B0CC8; �5A0� :0= >E=14;GB=8=64= :D= CO=34B <437>E43051AG34A4= =NA >E=4= 4A N14=�&NA ;85C4= 14EO64A B86 4A >E=14;GB=8=64= 8 ;>5C4C0;C83 CO=3C�

! :0?8C4; �*N30= 14C94=4B >E=4=� 8 05B=8C������������� �� 14B:A8E4B 7E>A30= 38BB4 O=3A8=64A5>A4C064B�

'E=4= 4A 5>ABG=4C <43 4= :P;4E4=C8;0C>A� ,=34A1AD64= 05 >E=4= CO=34A >6 B;D::4A 34= 45C4A 147>E��>A 0C >E=4= B:0; :P;4 7DAC864A4 05 :PA4A E4=C8;0C>A4=E834A4 4C BCG::4 C83 45C4A 0C 34A 4A B;D::4C 5>A >E=4=�

�4= E0A<4 ;D5C :><<4A D3 ?N >E4AB834= 05 >E=4= >6?N D=34AB834= 05 ;85C1D=34=�(0B ?N� -4=C8;0C8>=BN1=8=64A=4 <N 8::4 3O::4B C8;�'E=4= 1;8E4A 8 68E4C 50;3 >E4A>?7434C�

�4 :0= :P14 BD??;4A4=34 C8;147PA 7>B :D=34B4AE8247>B 5>A70=3;4A4= 4;;4A ?N !=C4A=4CC4C� 4AC8; B:0; /R=D<<4A4C 0568E4B�

�:3'*1;73.3,

�@1*:*38.1&846

".1'*-@6

Page 21: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

&NA C8;147PA 1;8E4A E0A<C :0= 34C O=3A4 5>A<�*N30==4 O=3A8=64A 5>ABE8=34A BN B=0AC C8;147PA4C 4A:P;4C 05 864=� �4C 4A =>A<0;C >6 70A 8=64= 8=35;G34;B4?N 5D=:C8>=4=�

.78 �% �����

*9< 6145 ;1756?A=5 BC575 7A9<<BCG;;5A ?7 4G26A?B>5 A5CC5A

�2&1/*6*8 '&,*51&)* �% �����

*9< ;175A ?7 B=O;175A

#3.:*67&1'6&)*5&3)* �% ����

*9< ;175A =54 6D7C97C 6G<4 217EPA; 4G26A?B>5 A5CC5A ?7 BC?A5BC575 �5> ;1> ?7BO 2AD75B B?= 654C?@B1=<9>7B21;;5 >OA �57A9<<5A 49A5;C5 @O A9BC5>

�:BCA0 C8;147PA :0= :P14B 7>B :D=34B4AE824 4;;4A7>B�5>A70=3;4A4� �4A 58=34B 4C BC>AC D3E0;6 05 C8;147PA C8; �4A4B >E= 8E>A4B 1A>27DA4A 4;;4A ?N 8=C4A=4CC4C� ,3E0;64C 05 4:BCA0 C8;147PA B0<C <D;867434= 5>A 0C14BC8;;4 >=;8=4 :0= E0A84A4 5A0 ;0=3 C8; ;0=3� *4 E4=;86BC8�B0;6B?0?8A4A=4 E43A� 34CC4�

�0786& 8.1'*-@6 �3:*3)*17*

(9BC C9< 2A145@1>45> �0 ����� C9< 7A9<<A5CC5A 9 D>9E5AB1<2A145@1>45>

�<1BBC575614 �0 � ���� C9< ?E>A5CC5A ?7 7A1C9>5ABPA<97C E5<57>5C C9< @A?7A1=S1DC?=1C9;;5>

$5C1<BC5757AG45 �0 ����� C9< 2AD7 9 ?E>5>5=1<:5A5C D4E5>497C ?7 9>4E5>497C 25;<P4C =54B<9@S<5CS25<P7>9>7

..#SBC5757AG45 �0 ������ E5<57>5C C9< =1>75 5<<5A BPA<97C BC?A5 @?AC9?>5A25;<P4C D4E5>497C =54 7A1>9C5=1<:5 ?7 =54 ?E>61BC 7<1B<O7

�1756?A= �0 ���� C9< ;175A =54 BPA<97C 6D7C97C 6G<4 B9;A5C =?4 ?E5A<R2

�0786& 8.1'*-@6

Page 22: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

!=34= C8;147PA4C 0=E4=34B 5PABC4 60=6 B:0;C8;147PAB7>;34A=4 BOCC4B ?N ?;03B�

)8;;4A=4 C8; >?7O=6=8=6 05 C8;147PA B:0; E4=34 D303�

�� *OC 4= C8;147PAB7>;34A 50BC ?N 7E4A145OBC864;B4BC0?�

�� �A49 C8;147PAB7>;34A4= ;83C D303 8=3C8; 34= ;8;;4C0?�6NA 8 8=36A41 8 D3B?0A8=64=�

�4 :0= 0;C83 C064 C8;147PAB7>;34A4= 05 864=� $P5CC8;147PAB7>;34A4= ;83C 3A49 34= 8=303 >6 CAO: 34=>?03 >6 05 7>;34A4=�

+8;147PA4C :0= ?;024A4B <43 � 5>AB:4;;864 7P934A 8C8;147PAB7>;34A4=��034 >6 5>A<4 :0= 34BD34= >6BN BC8;;4B ?N6;0B:4A0<8::4= ?N ;85C4=B 1D=3�

".1'*-@67-41)*6

�3'6.3,* 8.1'*-@6 5>8.1'*-@67-41)*6*3

Page 23: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

-8? C8;147PA4C ;83C >6 7O=6 34C ?N ?;03B 8C8;147PAB7>;34A=4B >?7O=6=8=6BA8;;4A� *PA6 5>A 0C 34C 6NA :>AA4:C 8 8=36A41�*C8; 5034 >6 5>A<4 38A4:C4 ?N 6;0B:4A0<8::4=�

�;0B:4A0<8::4= :0= 1AD64B B>< 4:BCA0 05BC8;;8=6B5;034E43 <0=64 5>AB:4;;864 A4CC4A� �N34 BC464 >6 106EOA:;G::4B BOA;86 6>3C ?60� 34= 38A4:C4 :>=C0:C <43E0A<45;034= >6 34C 4A 8::4 =P3E4=386C 0C 1AD64C8;147PA�

*C8; 5034 >6 5>A<4 38A4:C4 ?N 6;0B:4A0<8::4=�

�4A :0= 1064B 1AP3 D34= 1AD6 05 5>A< 38A4:C4 ?N6;0B:4A0<8::4=�

�G15A>B=4 5OA386A4CC4A :0= >6BN ;O664B 38A4:C4 ?N6;0B:4A0<8::4= D34= 1AD6 05 5>A<4 4;;4A 5034�

(;024A 0;C83 A4CC4= <83C ?N 6;0B:4A0<8::4=� �4= CAG:C4<0A:4A8=6 ?N 6;0B:4A0<8::4= :0= 1AD64B B><A4CC4B=>A C8; 34CC4�

�1&70*6&2.0

Page 24: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

!>)&3 '*8/*3*7 4:3*3

'E=4= 70A <0=64 5>AB:4;;864 5D=:C8>=4A� 4A E8B4A E8 �4< 74;C 5A0 1D=34= 05 7E>A30= >E=4=14C94=4B :>AA4:C��4A 58=34B 4:B4<?;4A ?N 8=3BC8;;8=6 05 >E=4=:;>::4B;OCC4C <8=DCDA4C B0<C 056AD=38=3BC8;;8=64A=4�

Page 25: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�3)*3 )*3 +@678* .'69,8&,3.3,

! 34CC4 :0?8C4; 58=34B 0;C 7E03 �4 B:0; 6PA4 8=34= �41AD64A 0??0A0C4C 5PABC4 60=6�

� !=3BC8;;4 :;>::4B;OC

� -O;6 4E4=CD4;C 4C 0=34C B?A>6 C8; C4:BC38B?;0G4C

� '?E0A< >E=AD<<4C

� )4=6PA C8;147PA4C

� $OB B8::4A743B0=E8B=8=64A=4 8 BC0AC4= 051AD6B0=E8B=8=64=� �4 4A <464C E86C864�

&NA 0??0A0C4C 4A 1;4E4C C8;B;DCC4C BCNA 34A �,7AH48C48=BC4;;4=� �!=3BC8;;4 :;>::4B;OC� PE4ABC 8 BC0CDB;8=94=�!=3BC8; :;>::4B;OCC4C >6 EO;6 4E4=CD4;C 4C 0=34C B?A>6C8; C4:BC38B?;0G4C �4C 5>A8=3BC8;;434 B?A>6 4A CGB:�

�� !=3BC8; 34C :>AA4:C4 :;>::4B;OC <43 3A494:=0??4=��� *:85C <43 C0BC4= >E4A 8 34C 7P9A4 8=3BC8;;8=6BR

><AN34 C8; �*?A0274 FM7;4=� 34DCB27� �-O;6B?A>6� CGB:��

�� -O;6 34C P=B:434 B?A>6 <43 3A494:=0??4=�� +AG: ?N C0BC4= ��

*?A>6 >6 :;>::4B;OC 4A 64<C� �4C 0:CD4;;4 :;>::4B;OCE8B4B 8 38B?;0G4C�

�4 :0= =NA B>< 74;BC O=3A4 B?A>64C 864=� *4 05B=8CC4C������������� ���

�@678*,&3,7A.3)78.11.3,*6

�3)78.11* 01400*71?8 4,:?1,* 7564,

Page 26: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�4 :0= 594A=4 ;D6C4= 05 =G >E= E43 0C >?E0A<4 34CC><<4 ;D::434 >E=AD<�

(0B ?N 0C 34A 8::4 1458=34A B86 A4BC4A 05 4<10;;064 8>E=AD<<4C B>< 5�4:B� B<N BCGA>?>A:D6;4A�

$D5C D3 8 :P::4=4C D=34A >?E0A<=8=64= 05 >E=4=�

!=3BC8; >E=5D=:C8>=4= � >E4AR�D=34AE0A<4 >6 4=C4<?4A0CDA ?N �� �I��

�� +AG: ?N C0BC4= �� *84<4=BR;>6>4C E8B4B�

�� +AG: D<8334;10AC 34A45C4A ?N C0BC4= �� 'E=5D=:C8>=4= � ��RE0A<;D5C >6 �� I� 1;8E4A5>A4B;N4C�

�� -O;6 >E=5D=:C8>=4= � >E4AR�D=34AE0A<4 <433A494:=0??4=�

� *:85C >E4A C8; C4<?4A0CDA <43 C0BC4= >6 8=3BC8;C4<?4A0CDA4= C8; �� I� <43 3A494:=0??4=�

� +AG: ?N C0BC4= ��'E=4= BC0AC4A�

�� *;D: 5>A >E=4= <43 C0BC4= � 45C4A � <8=DCC4A� #;>::4B;OCC4C E8B4B 8 38B?;0G4C� �9O;:4A=4 8C4<?4A0CDA:>=CA>;;4= 0=68E4A A4BCE0A<4= 8>E=AD<<4C�

! 05B=8CC4C �������� ����� 58=34B 4= D35PA;86 14B:A8E4;B405 7E>A30= >E=5D=:C8>= >6 C4<?4A0CDA 8=3BC8;;4B�

)4=6PA C8;147PA4C 6AD=386C <43 >?E0B:4E0=3 >6 4=:0A:;D3 8=34= �4 1AD64A 34C�

�5:&62*4:36922*8

*3,@6* 8.1'*[email protected])*3 '69,

Page 27: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

"?3)* 4, 71900* +46 4:3*3

'E=4= CO=34B >6 B;D::4B <43 C0BC4= ��

+AG: ?N C0BC4= ��*84<4=BR;>6>4C E8B4B�-O;6 34= P=B:434 >E=5D=:C8>=�

� +0BC4= � � >E=5D=:C8>=4A

� +0BC4= � ?A>6A0<0DC><0C8:

� +0BC4= � � 64<C %4<>AGR8=3BC8;;8=6

� +0BC4= � � B4;EA4=B

E8B �4 45C4A =>6;4 B4:D=34A 8::4 70A E0;6C 4=>E=5D=:C8>= 5>A4B;NB >E=5D=:C8>= ��RE0A<;D5C >6�� �I��

�:3+9308.43*6

�A:&6219+8

�4 :0= 0;C83 EO;64 4= 0=34= >E=5D=:C8>=�

�4 :0= B4 8 34 4=:4;C4 :0?8C;4A 7E>A30= 8=3BC8;;8=64A=45>A4C064B�

+AG: ?N C0BC4= �� 'E=4= 1;8E4A B;D::4C >6 DA4C E8B4B 8 DA38B?;0G4C�

"?3)*

!1900*

Page 28: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�3)78.11* 4:3*3

! 34CC4 :0?8C4; 58=34B >?;GB=8=64A ><�

� 7E8;:4 >E=5D=:C8>=4A 34A 4A C8; AN386743 8 >E=4=

� 7E>A30= �4 8=3BC8;;4A >E=5D=:C8>= >6 C4<?4A0CDA

� 7E>A30= �4 EO;64A 4= A4C 8 34 0=1450;4348=3BC8;;8=64A

� >6 7E>A30= �4 8=3BC8;;4A ;G=>?E0A<=8=6�

�4A 4A 4C BC>AC 0=C0; >E=5D=:C8>=4A C8; AN386743 8 >E=4=��4 :0= BN;434B EO;64 34= >?C8<0;4C8;14A43=8=6B<N34 C8; 0;;4 A4CC4A�

�:3+9308.43 4,8*25*6&896426>)*

�3:*3)*17*

� ��SE1A=<D6C��S��� I�

*9< ;175A ?7 217EPA; 9 C? <17 �P>7 C9<258RA5C 9>4 9 A9<<5 ?7�5<<5A �,5>C9<1C?A5> 6?A45<5A E1A=5> :PE>C 9 ?E>AD==5C

� &E5AS�D>45AE1A=5��S��� I�

*9< ;175A 7A1C9>5A ?7 BC575 16 =175AC ;R4 65;B ?;B5 5<<5A E9<4C9 5C <17,1A=5> ;?==5A 5>B1AC5C ?@@56A1 ?7 >5456A1

� �G4A?217>9>7���S��� I�

*9< 7PA217EPA; 65;B 2AR4 2?<<5A 5<<5A 6<5C2AR4 ?7 C9< 217EPA;16 E1>421;;5<B5B45: 65;B E1>421;;5<B5A 5<<5A 29B;D9C,1A=5> ;?==5A 5>B1AC5C ?@@56A1 ?7 >5456A1 �D7C5> 6A1<5E>54B=94<5A>5 6?A2<9E5A 9 ?E>AD==5C B?= E1>441=@

� )@554��S��� I�

*9< 8DAC97 C9<25A54>9>7 16 4G26A?BC@A?4D;C5A 49A5;C5 @O7<1B;5A1=9;;5> D45> 6?AE1A=>9>7 65;B @9HH1 @?==5B 6A9C5B5<<5A 69B;5@9>45&E>5> 2<9E5A ?@E1A=5C 5;BCA1 8DAC97C ?7 E5>C9<1C?A5> 6?A45<5AE1A=5> :PE>C 9 ?E>AD==5C

� +>45AE1A=5��S��� I�

*9< 85>;?7>9>7 ?7 56C5A217>9>7 5<<5A S2AD>9>7,1A=5> ;?==5A >5456A1

� ,1A=<D6C�9=@D<B7A9<<��S��� I�

*9< BC57>9>7 16 ;R4 6:5A;AP ?7 85< 69B;�A9<<SE1A=5<575=5C ?7 E5>C9<1C?A5> 2<9E5A B;96C5E9B CP>4C ?7B<D;;5C ,5>C9<1C?A5> 8E9AE<5A 45> E1A=5 <D6C AD>4C ?= A5CC5>

�:3+9308.43*6

Page 29: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�:3+9308.43 4,8*25*6&896426>)*

�3:*3)*17*

� �A9<<�A9<<CA9>� �BE17� � �=5<<5=����;A16C97�

*9< 7A9<>9>7 16 BC51;B @R<B5A C?1BC 5<<5A 69B; 9 BCG;;5A�5<5 6<145> D>45A 7A9<<SE1A=5<575=5C 2<9E5A E1A=

� #1>7C94BBC57>9>7��S�� I�

*9< B;O>B?= C9<25A54>9>7 16 B;PAC ;R4,1A=5> ;?==5A E54 <1E C5=@5A1CDA 5>B1AC5C ?@@56A1 ?7>5456A1

� &@CR>9>7��S�� I�

*9< ?@CR>9>7 16 65;B ;R4 6:5A;AP 2AR4 ?7 ;175A,5>C9<1C?A5> 8E9AE<5A 45> E1A=5 <D6C AD>4C ?= A5CC5>

�?AE1A=>9>7��S�� I�

�?AE1A=>9>7 16 B5AE935 65;B 16 @?A35<P> 5<<5A 7<1B,1A=5> ;?==5A E54 <1E C5=@5A1CDA ?@@56A1

� ,1A=8?<4>9>7 <D;;5C��S �� I�

*9< E1A=8?<4>9>7 16 6PA497C9<25A54C5 =14A5CC5A =54 <D;;5C ?E>,1A=5> ;?==5A @A9=PAC ?@@56A1

� ,1A=8?<4>9>7 O25> *9< E1A=8?<4>9>7 16 6PA497C9<25A54C5 A5CC5A =54 O25> ?E> B1=CC9< B=5<C>9>7 16 38?;?<145 B=RA 5<<5A 8DB2<1B �<1B;5A1=9;;5>2<9E5A ?@E1A=5C

� �>2561<545 9>4BC9<<9>75A �>2561<545 9>4BC9<<9>75A C9< =1>75 A5CC5A

� �> ?E>6D>;C9?> B?= 2<9E5A 2AD7C C9< 61BC<P775<B5 16 5>5A79;<1BB5> 98C �%�����

�4C E8BC4 4:B4<?4;� !=3BC8;;8=6 5>A �>E4AR�D=34AE0A<4 �� I��

�� +AG: ?N C0BC4= ��! 38B?;0G4C 5>A4B;NB � ��RE0A<;D5C �� I��

%43 C0BC4= � :0= �4 BC0AC4 >E=4= <43 34==48=3BC8;;8=6 BCA0:B�

E8B �4 E8; 8=3BC8;;4 4= 0=34= >E=5D=:C8>= >6C4<?4A0CDA 6PA4B 34CC4 ?N 5P;64=34 <N34�

�� !=3BC8; 34= P=B:434 >E=5D=:C8>= <433A494:=0??4=�

�:3+9308.43*6

�:*6A�93)*6:&62*

� ��=�

�3)78.11* 4:3+9308.434, 8*25*6&896

Page 30: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�� *:85C >E4A C8; C4<?4A0CDA <43 C0BC4= >6 8=3BC8;C4<?4A0CDA4= <43 3A494:=0??4=�

�:3+9308.43*6

�:*6A�93)*6:&62*

� +AG: ?N C0BC4= ��'E=4= BC0AC4A� ! BC0CDB;8=94= E8B4B 19O;:4A=4 5>AC4<?4A0CDA:>=CA>;;4=�

�:*6A�93)*6:&62*�

����=�

� *;D: 5>A >E=4= <43 C0BC4= � =NA A4CC4= 4A 5OA3864;;4A EO;6 4= >E=5D=:C8>= >6 5>A4C06 8=3BC8;;8=6864=�

+AG: ?N C0BC4= �� 'E=4= 4A 8 ?0DB4RC8;BC0=3 >6 �1;8=:4A� +AG: 864= ?N C0BC4= � >6 3A85C4= 5>ACBOCC4A�

�4CC4 4A 0;C83 <D;86C� !=3BC8; 34= P=B:434 C4<?4A0CDA4;;4A 6A8;;CA8= <43 3A494:=0??4=�

+AG: ?N C0BC4= � 8=3C8; ��RE0A<;D5C �� I� E8B4B��4�:0= =D 8=3BC8;;4 864=�

+AG: :>ACE0A86C ?N C0BC4= �� +AG: :>ACE0A86C ?N C0BC4= �864= 5>A 0C E8B4 34= =OBC4 8=5>A<0C8>=�!=34= BC0AC 5NA �4 >?;GB=8=64A >< >E=5D=:C8>=4A A8;;4A>6 >< C8;147PA� �5C4A BC0AC :0= �4 E8B4>?E0A<=8=6BC4<?4A0CDA4= 8 >E=AD<<4C�

*4 05B=8CC4C ������������ !=3BC8;;4 E0A86743�

*4 05B=8CC4C ������������ L=3A4 B;DCRC83�

".57 :*)6� .3)78.11.3,�

!8&3)7* )6.+8

=3)6* 8*25*6&896 *11*6,6.1186.3

�+'6;)* )6.+8

$.7* .3+462&8.43*6

�3)78.11* :&6.,-*)

=3)6* 7198A8.)

Page 31: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

&NA �4 EO;64A 4= A4C 8 34 0=1450;434 8=3BC8;;8=64A4A�34 >?C8<0;4 8=3BC8;;8=6BEOA384A 0;;4A434 0=68E4C� �4 :0= EO;64 <4;;4< <0=64 5>AB:4;;864 :0C46>A84A��4A 58=34B 4C BC>AC 0=C0; A4CC4A <43 0=1450;4348=3BC8;;8=64A 5>A :064A 1AP3 594A:AO :P3 58B: >6 E8;3CB0<C COAC4A >6 5OA386?A>3D:C4A� �4 :0= O=3A4C4<?4A0CDA4= >6 C8;14A43=8=6BC834=� 'E=5D=:C8>=4=4A�50BC 8=3BC8;;4C�

�4 =NA 5A4< C8; 34 4=:4;C4 A4CC4A E80 5;4A4 =8E40D4A <43E0;6<D;867434A� (APE B4;E� �4A 4A A86C86 <0=64 A4CC4A 0CEO;64 8 <4;;4<�

�� +AG: ?N C0BC4= �� � ��RE0A<;D5C �� �I� E8B4B 8 38B?;0G4C B>< 4C5>AB;06�

�� �A49 3A494:=0??4= <>3 E4=BCA4 C8; � �=1450;4348=3BC8;;8=64A�

�� *:85C C8; 34= 5PABC4 :0C46>A8 05 A4CC4A <43 C0BC4= >6 EO;6 34= P=B:434 :0C46>A8 <43 3A494:=0??4=�

*:85C C8; 34C =OBC4 =8E40D <43 C0BC4= � �>A4C06 74;4C834= 34 E834A4 E0;6 <43 3A494:=0??4=� +8; B;DC E8B4B 8=3BC8;;8=64= 5>A 34= E0;6C4 A4C�

� +AG: ?N C0BC4= ��

'E=4= BC0AC4A� �4= 5>A4B;N434 C8;14A43=8=6BC83 �CO;;4B =43 8 BC0CDB;8=94=�

�4A ;G34A 4C B86=0;� 'E=4= 7>;34A >? <43 0C E0A<4� ! BC0CDB;8=94= BCNA 34A � � � �4 :0= 051AG34 B86=0;4C5PA C834= <43 C0BC4= ��

!=3BC8; 34= P=B:434 C4<?4A0CDA 4;;4A 6A8;;CA8= <433A494:=0??4=�

+AG: ?N C0BC4= � >6 B:85C >E4A C8; C8;14A43=8=6BC83 <43C0BC4= � !=3BC8; 4= 0=34= C8;14A43=8=6BC83 <433A494:=0??4=� +AG: ?N C0BC4=���

+AG: :>ACE0A86C ?N C0BC4= �� +AG: :>ACE0A86C ?N C0BC4= �864= 5>A 0C E8B4 34= =OBC4 8=5>A<0C8>=�

*4 05B=8CC4C ������������� L=3A4 B;DCRC83�

�3'*+&1*)*.3)78.11.3,*6

$?1,* *3 6*8

".1'*6*)3.3,78.)*3 *69)1@'*8

".57 :*)6� .3)78.11.3,�

=3)6* 8*25*6&896 *11*6,6.1186.3

=3)6* 8.1'*6*)3.3,78.)

$.7* .3+462&8.43*6

=3)6* 7198A8.)

Page 32: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

%43 ;G=>?E0A<=8=6 :0= �4 >?E0A<4 34= C><<4 >E=BOA;86 7DAC86C� �4= 4A :D= E4;46=4C 8 5>A18=34;B4 <4314BC4<C4 >E=5D=:C8>=4A�

��RE0A<;D5C'E4AR�D=34AE0A<4 G3A>�06=8=6

$G=>?E0A<=8=6 5D=64A4A 8::4 =NA 34= 8=3BC8;;434C4<?4A0CDA ;8664A D=34A � I�� E8B C4<?4A0CDA4= 8 >E=AD<<4C :D= 4A 4= B<D;4;0E4A4 4=3 34= 8=3BC8;;434 C4<?4A0CDA 4A 34A 8::4 1AD65>A ;G=>?E0A<=8=6� ! BN 50;3 0:C8E4A4B 34= 8::4�

+AG: ?N C0BC4= � 5>A ;G=>?E0A<=8=6�! BC0CDB;8=94= E8B4B BG<1>;4C ��+4<?4A0CDA:>=CA>;;4=B 19O;:4A 1;8E4A 5G;3C D3�

$G=>?E0A<=8=64= 4A B;DC =NA 34= B83BC4 19O;:4 4AD35G;3C� �4A ;G34A 4C :>AC B86=0;� *G<1>;4C � B;D::4A�*OC A4CC4= 8=3 8 >E=AD<<4C�

+AG: ?N C0BC4=��� *G<1>;4C B;D::4A�

E8B �4 B:85C4A >E=5D=:C8>= 4;;4A N1=4A >E=4= 1;8E4A;G=>?E0A<=8=64= 051AD3C�

�4= 8=3BC8;;434 C8;14A43=8=6BC83 146G=34A 0C CO;;4 =43<43 34C B0<<4 45C4A BC0AC D057O=686C 05 ;G=>?RE0A<=8=64=�

,=34A ;G=>?E0A<=8=64= :0= �4 5N E8BC 34= 0:CD4;;4>?E0A<=8=6BC4<?4A0CDA 8 >E=AD<<4C <43 C0BC4= ��

*OC 5PABC A4CC4= 8 >E=4= =NA ;G=>?E0A<=8=64= 4A05B;DCC4C 5>A38 A4CC4= 34AE43 1;8E4A <4A4 4=B0AC4CC8;14A43C�

�3)78.11*1;345:&623.3,

�,3*)* 4:3+9308.43*6

�,3*)* 8*25*6&896*6

�3)78.11* 1;345:&623.3,

�+'6;)* 1;345:&623.3,

�*2?60

Page 33: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

".)7+9308.43*6

%4=D4= +83B5D=:C8>=4A N1=4B <43 C0BC4= ���P;64=34 5D=:C8>=4A 4A <D;864�

&NA >E=4= 4A B;D::4C�

� !=3BC8;;4 <8=DCDA

� !=3BC8;;4 :;>::4B;OC

&NA >E=4= 4A CO=3C�

� !=3BC8;;4 <8=DCDA

� !=3BC8;;4 E0A86743 �C8;14A43=8=6BC83�

� L=3A4 B;DCRC834=

�� $D: <4=D4= >? <43 C0BC4= ���� *:85C C8; 34= P=B:434 5D=:C8>= <43 C0BC4= � 4;;4A �

!=3BC8;;8=6B><AN34C E8B4B <43 ;GB 1066AD=3 >6 B>ACB:A85C�

�� !=3BC8; C83 4;;4A E0A86743 �C8;14A43=8=6BC83� <433A494:=0??4=�

� $D: <4=D4= <43 C0BC4= ��

&434=5>A 58=34A �4 4= D35PA;86 14B:A8E4;B4 05 7E>A30=�4 :0= 8=3BC8;;4 34 4=:4;C4 5D=:C8>=4A�

%8=DCDA4C 5D=64A4A D057O=686C 05 >E=4=� �4 :0=1AD64 34C ?N B0<<4 <N34 B>< 4C :P::4=R<8=DCDA>6 34C :0= 0;C83 8=3BC8;;4B�

�� +AG: ?N C0BC4= ��%4=D4= +83B5D=:C8>=4A 1;8E4A N1=4C�

�� !=3BC8; 34C P=B:434 C83B8=C4AE0; 5>A <8=DCDA4C�

�� $D: <4=D4= 864= <43 C0BC4= ��

�8B?;0G4C B:85C4A C8; 34= >?A8=34;864 C8;BC0=3�*G<1>;4C�� 5>A <8=DCDA4C E8B4B B0<C C834= 34A CO;;4B =43�

�3)78.11* 8.)7+9308.43*6 A 0468 +4601&6.3,

�3)78.11* 2.39896

Page 34: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�4A ;G34A 4C B86=0;� ! 38B?;0G4C E8B4B �� � � �4 :0= 051AG34 B86=0;4C 5PAC834= <43 C0BC4= �� %4=D4= +83B5D=:C8>=4A ;D::4B<43 C0BC4= ��

+AG: ?N C0BC4= � 5>A 0C N1=4 <4=D4= +83B5D=:C8>=4A>6 8=3BC8; 8 ;P14C 05 34 =OBC4 B4:D=34A 4= 0=34=;P14C83 5>A <8=DCDA4C <43 3A494:=0??4=� $D: <4=D4=<43 C0BC4= ��

+AG: ?N C0BC4= � 5>A 0C N1=4 <4=D4= +83B5D=:C8>=4A�*:85C C8; <8=DCDA4C <43 C0BC4=� 4;;4A �� +AG: ?NC0BC4=�� 8 20� � B4:D=34A 8=3C8; C834= BCNA ?N � �$D: <4=D4= <43 C0BC4= ��

&NA �4 8=3BC8;;4A 4= E0A86743 �C8;14A43=8=6BC83� 5>AA4CC4= 1;8E4A >E=4= 0DC><0C8B: B;D::4C 45C4A 34CC4C83B5>A;P1� 'E=4= E0A<4A 8::4 <4A4�

�>AD3BOC=8=6��4A 4A 8=3BC8;;4C 4= >E=5D=:C8>= >6 4= C4<?4A0CDA�

�4C E8BC4 4:B4<?4;� !=3BC8;;8=6 5>A >E4AR�D=34AE0A<4�� �I� C8;14A43=8=6BC83 ���<8=DCC4A�

�� +AG: ?N C0BC4= ��%4=D4= +83B5D=:C8>=4A 1;8E4A N1=4C�

�:3+9308.43*6

�.39896���� 2.3�7*(

$&6.,-*)���� 2.3�7*(

�>6 8.)*3 *6 9)1@'*8

".57 :*)6� .3)78.11.3,�

=3)6* 2.39896*878.)7.38*6:&1

�+'6;)* 2.39896*878.)7.38*6:&1

�3)78.11* :&6.,-*)

Page 35: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�� *:85C >E4A C8; -0A86743 �C8;14A43=8=6BC83� <43C0BC4=� 4;;4A � >6 8=3BC8; C8;14A43=8=6BC834=<43�3A494:=0??4=�

�:3+9308.43*6

$&6.,-*)����� 2.3�7*(

�.39896���� 2.3�7*(

�� +AG: ?N C0BC4= ��%4=D4= +83B5D=:C8>=4A 1;8E4A ;D::4C�

� E8B >E=4=B 3A85C 4=3=D 8::4 4A BC0AC4C� +AG: ?N C0BC4= �� +8;14A43=8=6BC834= � CO;;4B =43 8 BC0CDB;8=94=�

�:*6A�93)*6:&62*

��� =�

�4A ;G34A 4C B86=0;� 'E=4= E0A<4A 8::4 <4A4�!�BC0CDB;8=94= BCNA E0A867434= �C8;14A43=8=6BC834=�?N�� � � �4 :0= 051AG34 B86=0;4C 8=34= 34C 4A05B;DCC4C <43 C0BC4= ��

+AG: ?N C0BC4= � 5>A 0C N1=4 <4=D4= +83B5D=:C8>=4A�*:85C >E4A C8; -0A86743 �C8;14A43=8=6BC83� <43 C0BC4= 4;;4A � >6 8=3BC8; 4= 0=34= C8;14A43=8=6BC83 <433A494:=0??4=� $D: <4=D4= <43 C0BC4= ��

+AG: ?N C0BC4= � 5>A 0C N1=4 <4=D4= +83B5D=:C8>=4A�*:85C C8; -0A86743 <43 C0BC4=� 4;;4A ��� +AG: ?NC0BC4=�� 8 20� � B4:D=34A 8=3C8; E0A867434= BCNA?N� � � $D: <4=D4= <43 C0BC4= ���8B?;0G4C B:85C4A >E4A C8; 0C E8B4 34= 8=3BC8;;434>E=5D=:C8>= >6 C4<?4A0CDA� +AG: ?N C0BC4= � >63A85C4= 5>ACBOCC4A D34= 4= 0=68E4C C8;14A43=8=6BC83�

".1'*6*)3.3,78.)*3 *69)1@'*8

".57 :*)6� .3)78.11.3,�

=3)6* 8.1'*6*)3.3,78.)

�+'6;)* :&6.,-*)

Page 36: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�4<OA: 0C ;4C5>A3OAE4;864 <03E0A4A 8::4 <N BCN 5>A;O=64 8=34 8 >E=4=�

�4C 4A <D;86C 0C D3B:G34 B;DCC83B?D=:C4C E43

� 0;;4 >E=5D=:C8>=4A

� <0=64 ?A>6A0<<4A

� >6 E43 B4;EA4=B

�:B4<?4;� )4CC4= BOCC4B 8=3 8 >E=4= :;� ��� � �4CC064A �� <8=DCC4A 0C C8;14A434 A4CC4= >6 34= 4A 5OA386:;� � ���� %4= A4CC4= B:0; 5PABC EOA4 5OA386 :;>::4=������ �>AB:G3 B;DCRC834= 5A0 :;>::4= � ��� C8; ������ 'E=4=6NA 8 E4=C4?>B8C8>=� �A85C4= BC0AC4A :;>::4= ��� >6B;DCC4A :;>::4= ������

�4==4 5D=:C8>= :0= >6BN 1AD64B 8 5>A18=34;B4 <43B4;EA4=B� *4;EA4=B :0= 5>AB:G34B BN 34= 5>A46NA ><=0CC4= BN;434B 0C >E=4= 0;C83 4A :;0A C8; 1AD6 ><3064=�

�>AD3BOC=8=6� �4= 8=3BC8;;434 >E=5D=:C8>= 4A 8::4BC0AC4C� �4A 4A 8=3BC8;;4C 4= E0A86743 �C8;14A43=8=6BC83��%4=D4= +83B5D=:C8>=4A � 4A N1=4C�

�� *:85C C8; *;DCRC83 <43 C0BC4= �*;DCRC834= E8B4B�

�:3+9308.43*6

!198�����

$&6.,-*)����� 2.3�7*(

�� �>AB:G3 B;DCC83B?D=:C4C C8; 4C B4=4A4 C83B?D=:C <433A494:=0??4=�

�:3+9308.43*6

!198����

$&6.,-*)����� 2.3�7*(

=3)6* 7198A8.)

�4670;)* 7198A8.)

Page 37: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�� $D: <4=D4= +83B5D=:C8>=4A <43 C0BC4= ��� �4:AO5C <43 C0BC4= ��

!=3BC8;;8=64= 4A 64<C� 'E=4= 4A 8 E4=C4?>B8C8>=8�BC0CDB;8=94= E8B4B B;DCRC834= �� 'E=4=B 3A85C BC0AC4A?N�34C A86C864 C83B?D=:C� -0A867434= � CO;;4B =43 8BC0CDB;8=94=�

�4A ;G34A 4C B86=0;� 'E=4= E0A<4A 8::4 <4A4�!�BC0CDB;8=94= BCNA E0A867434= �C8;14A43=8=6BC834=�?N�� � � �4 :0= 051AG34 B86=0;4C 8=34= 34C 4A05B;DCC4C <43 C0BC4= ��

�4CC4 4A <D;86C BN ;O=64 >E=4= 4A 8 E4=C4?>B8C8>=�$D: <4=D4= >? <43 C0BC4= � B:85C >E4A C8; *;DCRC83<43 C0BC4= 4;;4A � >6 :>AA864A B;DCRC834= <433A494:=0??4=� $D: <4=D4= <43 C0BC4= ��

�4CC4 4A <D;86C BN ;O=64 >E=4= 4A 8 E4=C4?>B8C8>=�$D: <4=D4= +83B5D=:C8>=4A >? <43 C0BC4= �� *:85C C8;B;DCRC83 <43 C0BC4= � 4;;4A ��� �;8E E43 <43 0C CAG::4?N C0BC4=�� 8 20� � B4:D=34A 8=3C8; 38B?;0G4C B;D::4B�-0A867434= �C8;14A43=8=6BC834=� BC0AC4A <43 34CB0<<4�

'E=4= B:0; EOA4 B;D::4C 5PA �4 :0= 8=3BC8;;4 4;;4AO=3A4 :;>::4B;OCC4C�

�5C4A 4= BCAP<051AG34;B4 BCNA 34A �!=3BC8;;4 :;>::4B;OC�8 BC0CDB;8=94=�

�� !=3BC8; 34C :>AA4:C4 :;>::4B;OC <43 3A494:=0??4=�

�4C E0;6C4 B?A>6 5>A 38B?;0G4C 1;8E4A E8BC 8 34C 7P9A48=3BC8;;8=6B><AN34� �4C 1;8E4A 8::4 O=3A4C 8 C8;5O;34 054C BCAP<BE86C�

�� +AG: ?N C0BC4= �� �4C 8=3BC8;;434 :;>::4B;OC 4A 64<C�

$&6.,-*) *6 9)1@'*8

".57 :*)6� .3)78.11.3,�

=3)6* 7198A8.)

�+'6;)* 7198A8.)

�3)78.11* 01400*71?8

�+8*6 *3 786@2&+'6;)*17*

Page 38: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�:B4<?4;� L=3A4 :;>::4B;OC 5A0 B><<4AR C8; E8=C4AC83

�� +AG: ?N C0BC4= ��%4=D4= +83B5D=:C8>=4A 1;8E4A N1=4C�

�� *:85C >E4A C8; :;>::4B;OC � <43 C0BC4= >6�:>AA864A :;>::4B;OCC4C <43 3A494:=0??4=�

�� +AG: ?N C0BC4= �� %4=D4= +83B5D=:C8>=4A 1;8E4A ;D::4C�

&NA >E=4= 4A B;D::4C E8B4B DA4C <43 34C 0:CD4;;4:;>::4B;OC 8 38B?;0G4C� �4 :0= O=3A4 E8B=8=64=05�34CC4 DA C8; 4C 0=34C 5>A<0C �4 :0= EO;64 0C E8B4:;>::4B;OCC4C 3868C0;C 4;;4A �4 :0= 1;O=34:;>::4B;OCC4C D3� *4 <4A4 >< 34CC4 8 :0?8C;4C������������� �� �

�693).3)78.11.3,*6

�??0A0C4C 70A 5>AB:4;;864 6AD=38=3BC8;;8=64A B>< =NAB>< 74;BC :0= 8=3BC8;;4B 45C4A �4A4B 147>E�

! C014;;4= 58=34B 0;;4 6AD=38=3BC8;;8=64A B0<C 34 <D;864O=3A8=64A� �57O=686C 05 34C 0:CD4;;4 D3BCGA ?N 0??0A0C4C E8B4B:D= 34 6AD=38=3BC8;;8=64A 8 38B?;0G4C B>< ?0BB4A C8;0??0A0C4C�

�693).3)78.11.3, $&1,291.,-*)*6 �4601&6.3,

,P<7 B@A?7� 41>B;

45A 5A =D<97854 6?A 1CEP<75 �� 1>4A5 B@A?7

)@A?7 6?A 49B@<1GC5;BC5A

)97>1<S<P>745�=5<<5=

;?AC � ��B5;D>45A=5<<5= � � =9>DCC5A<1>7C � � =9>DCC5A

,1A97854 16 <G4B97>1<5C 56C5A D4<R216 C9<25A54>9>7BC94

*1BC5<G4�6A1

C9<6A1

�5;AP6C5<B5B<G4 E54 CAG; @O 5> C1BC 925C:5>9>7B65<C5C

=3)6* 01400*71?8

=3)6* :.73.3, &+01400*71?8

�*2?60

Page 39: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�693).3)78.11.3, �4601&6.3,$&1,291.,-*)*6

�9B@<1GS<GBBCGA;5�417

417=9445<>1C

�9B@<1GS25<GB>9>7

"?>CA1BC��������

65;B ;A16C975A5 �������

�9B@<1GS;?>CA1BC

+A49B@<1G�1>1<?7

6A1�1>1<?7 1>1<?7 �1>1<?7 �4979C1<C

,9B>9>7B=O45 6?A DA5C 9 49B@<1G5C>OA ?E>5> 5A B<D;;5C� "<?;;5B<PCC5C E9B5B BO <P>75A5BCE1A=5> 9>49;5A5B

&E>25<GB>9>7 D>45A 4A96C�C9<

C9<6A1

�5<GB>9>7 9 ?E>AD= CP>4C 88EB<D;;5C 56C5A BC1AC

�<C5A>1C9E <GBBCGA9>7�>5:

:1>5:

�5<GB>9>75> 9 ?E>AD==5C 2<9E5ACP>4C ?7 B<D;;5C B1==5> =548?E54162AG45A5>��

#96C <OBC E54 1;C9E5A5C 2RA>5B9;A9>7�:1

:1>5:

#96CC1BC5A>5 5A <OBC >OA2RA>5B9;A9>75> 5A 1;C9E5A5C

,9B5 69A=1<?7?�C9<

C9<6A1

,9B>9>7 16 ?A45C �)95=5>B� >OA 45ACP>45B 6?A ?E>5>

��SE1A=<D6C �?AB<17� �� I�

6A1 �� C9< =1;B ��� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

&E5AS�D>45AE1A=5 �?AB<17� �� I�

6A1 �� C9< =1;B ��� I� *5=@5A1CDA6?AB<17 6?A?E>6D>;C9?>5>

�G4A?�17>9>7 �?AB<17� �� I�

6A1 �� C9< =1;B ��� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

)@554�?AB<17� ����I�

6A1 �� C9< =1;B ��� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

+>45AE1A=5 �?AB<17� ���I�

6A1 �� C9< =1;B ��� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

,1A=<D6C � 9=@D<B7A9<< �?AB<17� ���I�

6A1 �� C9< =1;B ��� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

�A9<<�?AB<17� �

� � '5A=1>5>C P>4A9>7 16 45C6?A5B<O545 CA9> 6?A ?E>6D>;C9?>5>

#1>7C94BBC57>9>7 �?AB<17� �� I�

6A1 �� C9< =1;B �� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

Page 40: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�693).3)78.11.3, �4601&6.3,$&1,291.,-*)*6

&@CR>9>7 �?AB<17� �� I�

6A1 �� C9< =1;B �� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

�?AE1A=>9>7 �?AB<17� �� I�

6A1 �� C9< =1;B �� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

,1A=8?<4>9>7 <D;;5C�?AB<17� �� I�

6A1 �� C9< =1;B �� I� '5A=1>5>C P>4A9>7 16C5=@5A1CDA6?AB<17 6?A ?E>6D>;C9?>5>

"R<5E5>C9<1C?A 56C5A<R2�=5<<5=

;?AC=9445<<1>7C=575C <1>7C

,1A97854 6?A ;R<5E5>C9<1C?A5>B56C5A<R2

#96C81BC97854�<1>7B?=

<1>7B?=8DAC97

�1BC978545> B?= <96C5> 25EP75A B97=54

#96C5> ;RA5A E54�"?>BC1>C CAG; @O C1BC

;?>BC1>C CAG; @O C1BC;?AC CAG; @O C1BC

,54E1A5>45 CAG; @O <96CC1BC5> 5<<5A;?AC CAG; 6?A 1C ;RA5 <96C5> C9< 45>75=C5 5>45S@?B9C9?>

#96CS5>45@?B9C9?>�?@41C5A 9;;5

?@41C5A?@41C5A 9;;5

,54A 75=>9>7 16 <96CS5>45@?B9C9?>B5 ;1@9C5< ������

�5>41>>5 612A9;B9>4BC9<<9>75A�>5:

:1>5:

)PCC5A 1<<5 P>4A9>75A C9<2175 C9<612A9;B9>4BC9<<9>75A>5

�>AD3BOC=8=6� 'E=4= B:0; EOA4 B;D::4C�

�4C E8BC4 4:B4<?4;� L=3A4 6AD=38=3BC8;;8=64= 5>AB86=0;;O=634 5A0 :>AC C8; <4;;4<�

�� +AG: ?N C0BC4= � 8 20� � B4:D=34A 8=3C8; 34A BCNA�-O;6 B?A>6� 8 E4=BCA4 B834 >6 �30=B:� 8 7P9A4 B834�

�693).3)78.11.3,*6

$?1, 7564, )&370

=3)6*,693).3)78.11.3,*6

Page 41: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�� -O;6 6AD=38=3BC8;;8=64= <43 3A494:=0??4=�

�693).3)78.11.3,*6

!.,3&1A1?3,)*� 2*11*2

�� *:85C >E4A C8; 34C 7P9A4 8=3BC8;;8=6B><AN34 <43C0BC4= >6 :>AA864A EOA384= <43 3A494:=0??4=�

�693).3)78.11.3,*6

!.,3&1A1?3,)*� 0468

&D :0= �4 >< P=B:4C O=3A4 5;4A4 6AD=38=3BC8;;8=64A�*:85C C8; 34= P=B:434 6AD=38=3BC8;;8=6 <43 C0BC4= �>6�8=3BC8; B>< 14B:A4E4C D=34A ?D=:C � >6 ��

� �;8E E43 <43 0C CAG::4 ?N C0BC4= � 8=3C8; 38B?;0G4C1;8E4A B;D::4C� �4C E0A4A 20� 58A4 B4:D=34A��;;4 O=3A8=64A 4A =D 64<C�

+AG: ?N C0BC4= �� L=3A8=64A=4 4A 8::4 1;4E4C 64<C��+'6;)*

Page 42: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�:3*3775*(.&1+9308.43*6

�4= =G4 >E= 70A <0=64 B?4280;5D=:C8>=4A��4C 4A =GCC864 5D=:C8>=4A B>< ;4CC4A �4< 8 0A14934C<43 >E=4=�

Page 43: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�@63*7.06.3,

'E=4= 4A 5>ABG=4C <43 4= 1PA=4B8:A8=6 BN 1PA=8::4�DC8;B86C4C :0= CO=34 >E=4= 4;;4A O=3A4 ?N 4=8=3BC8;;8=6 D=34A 1AD64= 05 34=�

+AG: ?N C0BC4= � 8=3C8; BG<1>;4C � :><<4A 5A4<��4C E0A4A 20� � B4:D=34A�

�4C94=8=6B54;C4C 4A ;NBC� $85CC0BC4A=4 1;8E4A >6BN ;NBC>6�BG<1>;4C�� ;GB4A�

�4 :0= O=3A4 6AD=38=3BC8;;8=64A=4 BN ;85C4= 8::41;8E4A�;NBC� *4 74A>< 8 :0?8C4; �*N30= 14C94=4B >E=4=�8�05B=8CC4C ������������� ��� &D 4A 34C :D= 14C94=8=6B54;C4C 34A 4A ;NBC =NA1PA=4B8:A8=64= 4A 0:C8E4A4C�

+AG: ?N C0BC4= � 8=3C8; BG<1>;4C � B;D::4B�&D�:0= �4 :0= 8=3BC8;;4 864=�

�4 :0= BC0386 5>A4C064 E8BB4 8=3BC8;;8=64A B4;E ><1PA=4B8:A8=64= 4A 0:C8E4A4C�

� B;D::4 >E=4= <43 �

� B;D::4 >E=4= <43 4C ;0=6C CAG: ?N C0BC4= �

� B:85C4 C8; ?0DB4RC8;BC0=3 <43 4C :>AC CAG: ?NC0BC4=�� >6 BC0AC4 864=

� 8=3BC8;;4 <8=DCDA4C >6

� 051AG34 4C ;G3B86=0;�

�08.:*6* '@63*7.06.3,

#3)1&)* 1>73.3, &+ 1.+88&78*6

�*&08.:*6* '@63*7.06.3,

�*2?60

Page 44: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�64,6&2&9842&8.0

%43 ?A>6A0<0DC><0C8::4= 4A 34C ;4C 0C C8;14A434A0558=4A434 6AG34A4CC4A B05C864 BC464 >6 ;O:A4B0<<4=:>6C4 A4CC4A� �4C 4A 8::4 =P3E4=386C 0C E4=34A4CC4A=4 4;;4A 0C 7O;34 EO34 >E4A 34< >6 >E=4=14E0A4B A4=�)4BD;C0C4C 05 C8;14A43=8=64= 057O=64A 0C :P34CB:E0;8C4C >6 05 5034CB BCPAA4;B4 >6 0AC��AD6 6AG34;0??4A =NA �4 C064A 34= 5OA3864 A4C D3 05>E=4=� �034C 1;8E4A <464C E0A<C� -OA 5>AB86C86 =NA �4C064A ;N64C 05 5034C 4;;4A 6AG34= 5>A38 30<?4= 4A<464C E0A<�

(A>6A0<0DC><0C8::4= 4A :D= 46=4C C8; BC46=8=6 8 5034<43 ;N6� �=E4=3 :D= 5034 >6 147>;34A4 <43COCB;DCC4=34 ;N6� �P;6 ?A>3D24=C4A=4B 0=E8B=8=64A�

�034 >6 147>;34A4 B:0; EOA4 E0A<414BC0=3864 >? C8;� I�� -OA >?<OA:B>< ?N 0C 7N=3C064=4 >6BNB:0; EOA4 E0A<414BC0=3864� %4BC E4;46=4C 4A 5034 056;0B 4;;4A 6;0B:4A0<8:�*C4646AG34A 05 ADBC5A8C BCN; 4A :D= 14C8=64C 46=434��4= 1;0=:4 >E4A5;034 A45;4:C4A4A E0A<4BCAN;8=64=<464C :A05C86C� )4CC4= 1;8E4A <8=3A4 1AD=4C >6 :P34C<8=3A4 <PAC� +06 ;N64C 05 45C4A ?A>6A0<<4CB05B;DC=8=6 7E8B �4 0=E4=34A 4= BC4646AG34 05 ADBC5A8CBCN;� �A8;; 34A45C4A :P34C G34A;864A4 8�� C8;�� �<8=DCC4A ?N6A8;;CA8=���! BC4646AG34A 05 4<0;94A4C BCN; BCP1494A= 4;;4A BCP1C0;D<8=8D< 1;8E4A A4CC4A=4 1AD=4C :A05C864A4� +8;BOC ;83C<4A4 EO34�

�034 >6 147>;34A4 05 ;GBC 1;0=:C 0;D<8=8D< D6;0B4A4C;4A >6 5034 <43 :D=BCBC>57N=3C06 4A 8::4 46=434�

�&)* 4, '*-41)*6*

�,3*)* +&)* 4, '*-41)*6*

#*,3*)* +&)* 4,'*-41)*6*

Page 45: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

#P34C B:0; 3O::4 20� C> CA439434;4 05 5034CB 4;;4A6AG34=B 1D=3� (N 34= <N34 5NA �4 4= 6>3 BC4645>=3�

�5BC0=34= <4;;4< :P3 >6 ;N6 B:0; EOA4 <8=3BC���2<�#P34C :0= 7OE4 ;83C 8 ;P14C 05 BC46=8=64=�

�=E4=3 54AB: 4;;4A 5A>BB4C :P3� -8 0=1450;4A 0C 34A0=E4=34B 54AB: :P3 <43 :P;4B:01BC4<?4A0CDA�

-O;6 46=4C 503 4;;4A 6AG34�

-49 34C 54AB:4 4;;4A 5A>B=4 :P3 594A:AO4C 4;;4A 58B:4=��4A 58=34B =P906C864 0=68E4;B4A 8 34 A4B?4:C8E4 C014;;4A�-O6C4= B:0; 1AD64B C8; 8=3BC8;;8=64=�

�AGB B0;C >6 :AG334A84A ?N :P34C� �A>BB4C :P3 B:0;:AG3A4B ?N B0<<4 <N34 B>< 54AB: :P3�

-43 <0=64 A4CC4A B:0; 34A C8;BOCC4B EO34� O;3 BN<464C EO34 8 5034C 0C 1D=34= 4A 3O::4C <4320��J�2<� E8B 34A BCNA �;83C� EO34 8 C014;;4= 4A 34C5>A 34C <4BC4 C8;BCAO::4;86C <43 �R��B?B:� -43 EO34�90� B:0; 34A 7O;34B A864;86C EO34 E43� �P;6 1N340=E8B=8=64A=4 B>< 4A 0=68E4C >E4A C014;;4A=4 >6 834<�

$O6 ;N6 ?N 5034C 4;;4A 6AG34=� *C8; 5034 >6 5>A<438A4:C4 ?N 6;0B:4A0<8::4=�

*OC 0;C83 5034C 8 4= :>;3 >E=�

-43 E8BB4 A4CC4A 4A 34C 8::4 <D;86C 0C 0=68E4 4C B4=4A4B;DCC83B?D=:C� �8BB4 A4CC4A 4A <0A:4A4C <43 4=BC94A=4���

$O6 594A:AO <43 1AGBCB834= >?03 8 BC4646AG34=��G;3C�594A:AO 4A 8::4 E4;46=4C�

E8B 34A C8;14A434B 5;4A4 594A:AO;NA B:0; EO6C4= 5>A 34CBCPABC4 ;NA 8=3BC8;;4B� $NA4=4 B:0; EOA4 ><CA4=C ;864BC>A4�

�&)* *11*6 '*-41)*6*778@66*17*

�46'*6*)* 6*88*3

�64,6&22*6

�/*606?

Page 46: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�:B4<?4;�� :G;;8=64;NA ?N � �6 �� �6 >6 � �6� !=3BC8; C8; � �6�

E8B �4 E8; C8;14A434 C> 4=B BC>A4 :G;;8=64A 8 34= B0<<4BC4646AG34 B:0; 34A 8=3BC8;;4B 45C4A 34= BCPABC4 ?NB0<<4 <N34 B>< E43 :G;;8=64;NA4=4�

O;3 A864;86C EO34 E43 :0;:D=1AGBC BN :P34C 8::41;8E4A CPAC�

�64,6&22*6�/*606?

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

"G<<9>7 65AB;� ��S�� >5: "R4EP7C

�>4 7OB 65AB;� �S�� >5: "R4EP7C

"1<;D>2AGBC 65AB;� ��S�� =575C "R4EP7C

�5<5 <OA 65AB;5�65;B ;G<<9>7 1>4 7OB ;1<;D>

��S � >5: ,P7C 16 45C CD>75BC5 <OA

�5<5 <OA 6A?B>5�65;B ;G<<9>7 1>4 7OB ;1<;D>

��S � >5: ,P7C 16 45C CD>75BC5 <OA

+8;14A43 A>0BC1445 <43 543CB834= >?03�

$O6 :P34C 8 BC4646AG34= <43 14=B834= =4303�*C464 <43 B?AP3 BEOA B:0; ;O664B <43 BEOA4=>?03 8 5034C� )83B BEOA4= 8 68CC4A<P=BC4A 8=34=C8;14A43=8=64= D34= 0C B:OA4 =43 8 :P34C�

�4 :0= ;O664 102>= ?N :P3 05 E8;3C� (N 34= <N3414E0A4A :P34C B05C4= >6 1;8E4A 8::4 BN :A05C86C 1AD=4C��4 :0= >6BN <0A8=4A4 BC464 05 E8;3C 8 :OA=4<O;:E8=�4;;4A 4338:4 =0CC4= >E4A 8 :P;4B:014C 8=34=C8;14A43=8=64=� �4C 68E4A 4= 4:BCA0 58= B<06�

�64,6&22*6�07*0@)

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

�AG45BC57 65AB;65;B 8R:A52 2?E B;D<45A BDABC57

��S�� =575C "R4EP7C

�AG45BC57 6A?BB5>�65;B 8R:A52 2?E B;D<45A

��S�� =575C "R4EP7C

�@)

Page 47: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�64,6&22*6�07*0@)

�3)78.11*8 :?,8".17?8 :?)*$?,8426>)* . 0,

(?1BC2556 65AB;65;B =RA2A14=549D=

��S�� >5: "R4EP7C

5>75<B; ��S�� >5: "R4EP7C

�?A<?A5> 81A5� ��S�� >5: )1=<5C EP7C

�64,6&22*6�&1:*0@)

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

)C57 65AB;65;B 9>45A<OA ;<D=@

��S�� :1 "R4EP7C

)C57 6A?BB5>�65;B 9>45A<OA ;<D=@

��S�� :1 "R4EP7C

�64,6&22*6!:.3*0@)

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

)C57 65AB; D45> 25> ��S�� :1 "R4EP7C

)C57 6A?BB5>� ��S�� :1 "R4EP7C

)C57 =54 BEPA 65AB; D45> 25> ��S�� >5: "R4EP7C

�?A<?A5> 81A5� ��S�� >5: )1=<5C EP7C

�64,6&22*6�&22*0@)

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

#1==5;R<<5 65AB; D45> 25>75>>5=BC57C

��S�� <94C "R4EP7C

=549D= ��S�� >5: "R4EP7C

#1==5;R<<5 6A?BB5> D45> 25>75>>5=BC57C�

��S�� <94C "R4EP7C

=549D=� ��S�� >5: "R4EP7C

Page 48: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�64,6&22*6$.1)8

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

�:?AC5BC57 65AB;65;B 2?E 2AGBC

��S�� :1 "R4EP7C

�:?AC5BC57 6A?BB5>�65;B 2?E 2AGBC

��S�� :1 "R4EP7C

(O4GA;R<<5 D45> 25> 65AB; ��S�� :1 "R4EP7C

(O4GA;R<<5 D45> 25> 6A?BB5>� ��S�� :1 "R4EP7C

,9<4BE9>5BC57 65AB;65;B 2?E 2AGBC

��S�� :1 "R4EP7C

)4=B 58B:4= <0A8=4A >6 B0;C B>< =>A<0;C�

�0<?4C 58B:� O;3 J�2< EO34 5�4:B��E8= 4;;4A28CA>=B05C 8 5034C�

�06C 58B:� -4=3 58B:4= 8 <4; >6 B<PA 34= <43 B<4;C4CB<PA�

4; 58B: 1;8E4A 143BC 7E8B 58B:4= ;O664B <43 1D64==4303 8 5034C� �EB� AG658==4= B:0; E4=34 >?03� $O64= :0AC>554; 7E>A 34= 4=4 B834 4A B:NA4C 05 4;;4A 4C ;8;;4>E=50BC 503 8=3 8 1D6N1=8=64= ?N 58B:4= BN 34= BCNABC018;C�

!=3BC8; 34= B0<;434 EO6C 7E8B 34A C8;14A434B 5;4A4 58B:��8B:4=4 B:0; E494 ><CA4=C 34C B0<<4 4;;4A EOA4 ;864BC>A4��:B4<?4;� +> 5>A4;;4A ?N ��:6 >6 ��:6�!=3BC8; C8; ���:6�

�64,6&22*6�.70

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

�1=@>9>7� ��S � =575C )1=<5C EP7C

�17>9>7� ��S � >5: )1=<5C EP7C

�AD6 54AB: 70::4C :P3�

'BC4C4A=8=64A 4;;4A 6AP=CB064A 8 50AB4= 68E4A 4= 4:BCA058= B<06�

�.70

�46146*3 -&6*

Page 49: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�64,6&22*6�46146*3 -&6*

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

16 65AB; ?;B5;R4� ��S�� >5: )1=<5C EP7C

16 65AB; BE9>5;R4� ��S�� >5: )1=<5C EP7C

16 65AB; 2<1>45C ;R4� ��S�� >5: )1=<5C EP7C

�4 :0= :><18=4A4 5>AB:4;;864 B;06B :P3 >6 5A8B:46AP=CB064A�

*:OA :P34C 8 ?0BB4=34 B<N BCG::4A� �=E4=3:G;;8=6434;4 D34= 0C B:OA4 34< G34A;864A4 D3�

+8;BOC 34= B0<<4 4;;4A >? C8; 34= 3>114;C4 <O=6346AP=CB064A C8; :P34C��:B4<?4;� +8;BOC ��:6 C8; ��:6 5A8B:4 6AP=CB064A C8; ��:6 :P3�

E8B :P34C B:0; 1AD=4B B:0; 34C ;O664B >E4= ?N6AP=CB064A=4 8 BC4646AG34=� �;0=3 6AP=CB064A=4B0<<4= <43 :P34C 7E8B 34C B:0; 1AD=4B <8=3A4�

!=3BC8; C8; :P3EO6C4= E43 B0<<4=:>6C4 A4CC4A <43:P3� E8B 6AP=CB064A=4 B:0; EOA4 <4A4 <PA4 B:0; �48=3BC8;;4 C8; 34= B0<;434 EO6C�

+8; 4= B0<<4=:>6C A4C <43 6AP=CB064A 4A 50BC46AP=CB064A E4;46=434 B>< 5�4:B� 6D;4AP334A 6AP==41P==4A 7E83:N; B4;;4A8 >6 :0AC>5;4A� "> 58=4A4 �4 B=8CC4A6AP=CB064A=4 9> <4A4 <PA4 1;8E4A 34� O;3 EO34 E436AP=CB064A=4 C8; 34 4A 3O::4C BN 34 8::4 1;8E4A1AD=4C BN :A05C86C�

�64,6&22*6!&22*304,8 6*8

$?,8426>)* . 0,

".17?8 :?)* �3)78.11*8 :?,8

=54 ;R465;B �'9385<BC59>S7AG45�

��S�� =575C "R4EP7C

=54 7AR>CB175A65;B E575C1A9B; B1==5>;?7C A5C

��S�� =575C �AR>CB17BEP7C

�D<<1B38 ��S�� =575C "R4EP7C

�5><RB5 6D7<5 ��S�� :1 "R4EP7C

!&22*304,8 6*8

Page 50: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�4C E8BC4 4:B4<?4;� !=3BC8;;8=6 C8; 54AB: A>0BC1445<438D< �� :6�

�� +AG: ?N C0BC4= � �4= 5PABC4 ?A>6A0<6AD??4 >6 34C 5PABC4 ?A>6A0<E8B4B�

�64,6&22*6

�/*606? �;11.3,� +*670

�� -O;6 ?A>6A0<6AD??4= <43 3A494:=0??4=�

�64,6&22*6

�07*0@)�6;)*78*, +*670

�� +AG: ?N C0BC4= >6 EO;6 ?A>6A0<<4C <433A494:=0??4=�

�64,6&22*6

4&78'**+ +*670

�07*0@)

! =>6;4 05 ?A>6A0<<4A=4 4A 34C <D;86C 0C EO;64G34A;864A4 464=B:014A B>< 5�4:B� E43 )>0BC1445�)>0BC1445 <438D<� 4;;4A �)>0BC1445 4=64;B:��+AG: ?N C0BC4= >6 EO;6 <43 3A494:=0??4=�

4&78'**+ 2*).92

�64,6&22*6

4&78'**+ +*670

$?1,* 4, .3)78.11*564,6&2

Page 51: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

� +AG: ?N C0BC4= � �4A E8B4B 4= 5>A4B;N4C EO6C 5>A 34C E0;6C4 ?A>6A0<�

� !=3BC8; EO6C4= <43 3A494:=0??4=�(A>6A0<<4CB E0A86743 E8B4B 8 BC0CDB;8=94=�

��� ,

�64,6&22*6

4&78'**+ 2*).92

�� +AG: ?N C0BC4= ��

(A>6A0<<4C BC0AC4A� +8;14A43=8=6BC834= � CO;;4B =438 BC0CDB;8=94=�

�4A ;G34A 4C B86=0;� 'E=4= E0A<4A 8::4 <4A4� �4 :0=051AG34 B86=0;4C 8=34= 34C 4A 05B;DCC4C <43 C0BC4= ��

+AG: ?N C0BC4= � 8=3C8; ��RE0A<;D5C �� I� E8B4B��4�:0= =D 8=3BC8;;4 864=�

�PA BC0AC� +AG: :>ACE0A86C ?N C0BC4= �� �4A E8B4B8=5>A<0C8>=4A >< 34 5>AB:4;;864 ?A>6A0<<4A� +AG::>ACE0A86C ?N C0BC4= � 864= 5>A 0C E8B4 34= =OBC48=5>A<0C8>=

-43 <0=64 ?A>6A0<<4A 4A 34C <D;86C 0C D3B:G34B;DCRC834= C8; B4=4A4� *4 :0?8C4; �*N30= 14C94=4B>E=4=� 8 05B=8CC4C ��������������4 A4CC4A 7E>A B;DCRC834= 8::4 :0= 5>AB:G34B 4A<0A:4A4C <43 4= BC94A=4 ��

�64,6&22*8 *6 &+71988*8

".57 :*)6� .3)78.11.3,�

�+'6;)* 564,6&2

$.7* .3+462&8.43*6

=3)6* 71988.)*3

Page 52: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

)C575>B 5<<5A 6:5A;AP5CB EP7C <9775A?E5A 45C 1>79E>5 EP7C?=AO45

�5C 5A =54 E9<:5 1C EP7C?=AO45C 5A 257AP>B5C &6C5 5A 45C 9;;5=D<97C 1C 6O C9<BCAP;;5<97C BC?A5 BC5757AG45A C9< =575C BC?A5BC575 *9<25A54 BC?A5 BCG;;5A ;R4 =54 ?E5AS�D>45AE1A=5��5<<5A =54 E1A=<D6C�9=@D<B7A9<<��

)C575> 5A 2<5E5C 7?4 =5> B;G5> 5A6?A =RA;

,P<7 5C =9>4A5 614 5<<5A 7AG45 5<<5A C9<BPC =5A5 EP45

)C575> 5A 2<5E5C 7?4 =5> B;G5> 5A6?A <GB ?7 E1>45C

,P<7 5C BCRAA5 614 5<<5A 7AG45 5<<5A C9<BPC =9>4A5 EP45

)C575> 5A 6?A CRA @O ?E5AB945> �AD7 5C 614 5<<5A 5> 7AG45 =54 CPCB<DCC5>45 <O7 $575C =175AC;R4 2<9E5A =5A5 B16C97C 8E9B =1> <P775A 213?>BCA9=<5A @O

�5C <D7C5A 2AP>4C D>45ABC57>9>75> =5> BC575> B5A 7?4CD4

�>C5> @1BB5A BC5757AG45>B <O7 9;;5 A97C97C 5<<5A ?7BO 81A ;R45CD4E945C B97 BO <O75C 5A 2<5E5C <R6C5C ?@ �AD7 1<C94 5C <O7 45A@1BB5A 7?4C �5A B;1< 1<C94 EPA5 =9>4BC ��3= 16BC1>4 =5<<5=;R4 ?7 <O7

�5 E9< C9<25A545 4G26A?BC;R4 �AGB ;AG445A95A @O 45C 4G26A?B>5 ;R4 @O B1==5 =O45 B?= @O65AB; ;R4 �5=PA;� ,54 C9<25A54>9>7 16 6A?BB5C ;R4 ;1>B<DCSC945> 9;;5 P>4A5B C9< B5>5A5 "R45C E9<<5 9 79E5C 61<4 CR ?@ 9<R25C 16 E5>C5C945> ?7 45A6?A 9;;5 EPA5 57>5C C9< 2AD7

"R45C 5A 6?A <94C 5<<5A 6?A =575C75>>5=BC57C

�E9B ;R45C 9;;5 5A 85<C =RAC B;1< �5 9>4BC9<<5 5> 8R:5A5 EP7C>PBC5 71>7 �E9B ;R45C 5A 6?A =RAC B;1< �5 9>4BC9<<5 5> <1E5A5EP7C >PBC5 71>7

".57 42 564,6&2A&9842&8.00*3

Page 53: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�*246;

%43 %4<>AG :0= �4 64<<4 8=3BC8;;8=64= C8; 4= A4CB>< 0;C83 :0= 74=C4B 5A4< 864=�

�4C 4A ?A0:C8B: 0C 0=E4=34 %4<>AG C8; A4CC4A B><�4�C8;14A434A >5C4�

*4;EA4=B :0= 8::4 64<<4B�

�� !=3BC8; >E=5D=:C8>= C4<?4A0CDA >6 4EC�C8;14A43=8=6BC83 5>A 34= P=B:434 A4C� *C0AC 8::43A85C4= 4=3=D�&NA �4 E8; 64<<4 4C ?A>6A0<�-O;6 ?A>6A0<<4C >6 8=3BC8; 34C 8=3C8; E0A867434=E8B4B� *C0AC 8::4 3A85C4= 4=3=D�

�� +AG: ?N C0BC4= � 8=3C8; �%4<>AG 64<C� E8B4B�

!=3BC8;;8=64= 4A =D 64<C >6 :0= BC0AC4B <43 34CB0<<4�

!=3BC8; 864= >6 64<� �4 60<;4 8=3BC8;;8=64A 1;8E4A>E4AB:A4E4C�

�4 :0= 0;C83 BC0AC4 0??0A0C4C <43 34 64<C48=3BC8;;8=64A 5>A 4= 14BC4<C A4C�

�� +AG: :>ACE0A86C ?N C0BC4= ���4 64<C4 8=3BC8;;8=64A 1;8E4A E8BC� E8B �%4<>AG?;03B ;4386� E8B4B 4A 34A 8::4 64<C=>64= 8=3BC8;;8=64A� �4 :0= 8::4 BC0AC4 %4<>AG��4< 5PABC 34 P=B:434 8=3BC8;;8=64A B>< 14B:A4E4CD=34A ����� �������

�� +AG: ?N C0BC4= ��

%4<>AGR8=3BC8;;8=64= BC0AC4A�

�4CC4 4A 0;C83 <D;86C�&NA %4<>AG BC0AC4B =OBC4 60=6 E8B4B 34 >?A8=34;86C64<C4 8=3BC8;;8=64A 864=�

�*22* .3)78.11.3,*6. �*246;

�*22* *3 &3)*3.3)78.11.3,

!8&68* �*246;

=3)6* .3)78.11.3,*6

Page 54: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

!*1:6*37

-43 B4;EA4=B >?E0A<4B >E=4= C8; 20��� �I�� �4AE431;8E4A A4BC4A 5A0 BC46=8=6 6A8;=8=6 4;;4A 106=8=6 1AO=3C1>AC >6 �4 147PE4A :D= 0C CPAA4 >E=4= 05 5>A 0B:4�

�4 :0= EO;64 <4;;4< CA4 A4=6PA8=6BCA8=�

"6.3 *3,@6.3,7,6&) $&6.,-*)

<5C 31 C9=5

� =5<<5= 31 C9=5 � =9>DCC5A

� 9>C5>B9E 31 C9=5 �� =9>DCC5A

"> :A05C864A4 >6 O;3A4 C8;B<D3B=8=64A=4 4A 9> 7P94A4B:0; A4=6PA8=6BCA8==4C EOA4� �4C 4A C8;BCAO::4;86C 0CA4=B4 >E=AD<<4C 7E4A 0=34= C8; CA4394 <N=43��=�A4=B=8=6 1AD64A :D= 20� �� R � :8;>F0CCRC8<4A�

�5 74=BG= C8; 34= ?4AB>=;864 B8::4A743 1;8E4A;85C5D=:C8>=4= 0DC><0C8B: ;NBC >E4A 4= E8B C4<?4A0CDA��4 :0= 5PABC N1=4 >E=3PA4= 864= =NA >E=AD<<4C 4A:P;4C =>64C =43 >6 =NA ;NB4RBG<1>;4C 4A 1;4E4CB;D::4C�

�0A4 5>A 5>A1AO=38=6 ?60� 5>A?D5=8=6�'E=4= <N 0;3A86 N1=4B <0=D4;C D=34A B4;EA4=B�

�0A4 5>A 5>A1AO=38=6�'E=4= 1;8E4A <464C E0A< D3E4=386� *PA6 5>A 0C5>AB834= 05 >E=4= >6 E4=C8;0C8>=BN1=8=64A=4 4A 5A8D=34A ?A>24BB4=� >;3 1PA= ?N B8::4A 05BC0=3�

$0<?4A=4 8 >E=AD<<4C ;GB4A 8::4 D=34A B4;EA4=B�

*N ;O=64 ;85C5D=:C8>=4= 4A ;NBC :0= >E=4= 8::4 BC0AC4B864=�

*3,@6.3,786.3

$.,8.,8

Page 55: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

)4=6PA >E=4= >6 6;0B:4A0<8::4= 8 ><AN34C ><:A8=6>E=COC=8=64=� �4A <N 8::4 B:DA4B ?N B4;E4COC=8=64=� (60� E0A<4= :0= B<D3B 1AO=34 50BC >614B:03864 >E=COC=8=64=�

)4=6PA ><AN34C <4;;4< C8;147PAB7>;34A=4 >650BC6PA8=6BC0??4=4� �;;4AB :0= 0B:4= 6PA4 34CE0=B:4;864A4 0C C064 C8;147PAB7>;34A=4 05�

+06 5034 >6 6AG34A B0<C C8;147PA 34A 8::4 CN;4AB4;EA4=B D3 05 >E=4=�

�A0=350A4�$PB4 <03A4BC4A 543C >6 BC464B05C :0= 0=CO=34B�+PA�>E=AD<<4C >6 34C C8;147PA B>< �4 E8; A4=6PA4B0<<4= <43 B4;EA4=B 05 <43 4= 5D6C86 :;D3�

*OC D=8E4AB0;1A034?0=34= 4;;4A 34= 4<0;94A4341064?;034 8 A8;;4 � D=34A A4=B=8=64=�)8BC4= :0= 8::4 CN;4 0C 1;8E4 A4=B4C <43 B4;EA4=B�

E8B >E=4= 4A <464C B=0EB4C 4A 34C 143BC 0C A4=B434= D34= C8;147PA >6 C8;147PAB7>;34A4� *N30= >?=NB34C 143BC4 A4BD;C0C��4 :0= A4=B4 C8;147PA4C =OBC4 60=6 >E=4= 1;8E4AA4=B4C�

�0A4 5>A 0;E>A;864 BD=3743BB:034A��064?;034A >6 5>A<4 <43 B;8?R;4CR14;O6=8=6 <N0;3A86 A4=6PA4B B0<<4= <43 B4;EA4=B� (N 6AD=3 0534= :A05C864 E0A<4 1;8E4A B;8?R;4CR14;O6=8=64=P34;06C >6 34A 1;8E4A 5A869>AC 685C864 60BB4A�

+8;147PAB7>;34A=4 1;8E4A <8B50AE434 E43 7P94C4<?4A0CDA4A� �4C 70A 8=64= 8=35;G34;B4 ?N 5D=:C8>=4=�! :0?8C4; �*N30= A4=6PA4B >E=4=� 8 05B=8CC4C��� ���� ������ 14B:A8E4B 7E>A30=C8;147PAB7>;34A=4 A4=6PA4B�

+06 C8;147PAB7>;34A=4 D3 7E8B �4 8::4 A4=B4A C8;147PAE43 B4;EA4=B4=�

�3)*3 7*1:6*37

*37* 8.1'*-@6 2*)7*1:6*37

".1'*-@67-41)*6

Page 56: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�� +AG: ?N C0BC4= �Q� )4=6PA8=6BCA8= � 1;8E4A 5>A4B;N4C�

�4 :0= BC0AC4 B4;EA4=B4= <43 C0BC4= � <43 34CB0<<4�

E8B �4 P=B:4A 0C O=3A4 A4=6PA8=6BCA8=�

�� -O;6 34C P=B:434 A4=6PA8=6BCA8= <433A494:=0??4=�

�� *C0AC B4;EA4=B <43 C0BC4= ��

$85C5D=:C8>=4= 1;8E4A ;NBC >E4A 4= E8B C4<?4A0CDA�*G<1>;4C � 5NA ;NB=8=6 05 3PA4= ;GB4A� �PABC =NABG<1>;4C 4A B;D::4C :0= >E=3PA4= N1=4B 864=�

'E=4= E0A<4A 8::4 <4A4� ! BC0CDB;8=94= BCNA 34A�*4;EA4=B 05B;DCC4C��

*;D: 5>A >E=4= <43 C0BC4= �� 'E=3PA4= :0= 5PABCN1=4B =NA BG<1>;4C � 4A 1;4E4C B;D::4C�

�5C4A BC0AC4= :0= A4=6PA8=6BCA8==4C 8::4 ;O=64A4O=3A4B�

�4 :0= 5>AB:G34 B;DCC83B?D=:C4C 5>A A4=6PA8=64= C8; ><=0CC4= BN >E=4= BC0386 :0= 14=GCC4B 8 ;P14C 05 3064=�*4 :0?8C4; �*N30= 14C94=4B >E=4=� 8 05B=8CC4C������������� ������� ��������

�94A= 34= A4BC4A4=34 0B:4 5A0 >E=4= <43 4= 5D6C86:;D3 =NA >E=AD<<4C 4A :P;4C 05�

�3)78.11*6*3,@6.3,786.3

�+8*6 6*3,@6.3,

".57 :*)6� .3)78.11.3,�

�+'6;)* 6*3,@6.3,

=3)6* 6*3,@6.3,786.3

*3,@6.3, 70&1 +46*,> 423&88*3

�+8*6 7*1:6*37

Page 57: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�9842&8.70 71903.3,

'E=4= 4A 5>ABG=4C <43 4= 0DC><0C8B: B;D:=8=6BR5D=:C8>=� �D=:C8>=4= 0:C8E4A4B 7E8B 34A 8::4 4A8=3BC8;;4C 4= E0A86743 �C8;14A43=8=6BC83� >68=3BC8;;8=64A=4 8::4 4A 1;4E4C O=3A4C 8 ;O=64A4 C83�

! C4:BC38B?;0G4C BCNA 34A ��DC><0C8B: B;D:=8=6�� E>A=NA 34CC4 B:4A 057O=64A 05 34= 8=3BC8;;434C4<?4A0CDA 4;;4A 6A8;;CA8=� E8B �4 14APA4A 4= E8;:NA;86 C0BC B;D::4B C4:BC4=� �4:0= =D 8=3BC8;;4 864=�

E8B 34A 4A 8=3BC8;;4C 4= E0A86743 �C8;14A43=8=6BC83�E0A<4A >E=4= 8::4 <4A4 =NA 34= 4A D3;P14C� �4=0DC><0C8B:4 B;D:=8=6B5D=:C8>= 4A 8::4 4= =P3E4=3865D=:C8>=�

!1903.3, *6 &08.:*6*8

".57

Page 58: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

!>)&3 6*3,@6*7 4:3*3

4A 1;8E4A 14B:A4E4C 7E8;:4 A4=6PA8=6B<83;4A 34A 4AE4;46=434 B0<C 7E>A30= >E=4= ?;494B >6 A4=6PA4BA86C86C�

Page 59: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�1*/* 4, 6*3,@6.3,

%43 ><7G664;86 ?;494 >6 A4=6PA8=6 :0= �4 14E0A4�4A4B >E= B<D: >6 5D=:C8>=B3G6C86 8 ;0=6 C83� 4A1;8E4A 14B:A4E4C 7E>A30= >E=4= ?;494B >6 A4=6PA4BA86C86C�

�4 B<N 50AE45>AB:4;;4 ?N >E=4=B 5A>=C B:G;34B5>AB:4;;864 <0C4A80;4A B>< 6;0B :D=BCBC>5 4;;4A <4C0;�

*:G664A ?N >E=6;0BB4C 34A E8A:4A B>< BCA814A 4A;GBA45;4:B4A 5A0 >E=;0<?4=�

�<0;94 8=31AO=34B E43 <464C 7P94 C4<?4A0CDA4A��4AE43 :0= 34A >?BCN B<N 50AE45>AB:4;;4� �4C 4A=>A<0;C >6 70A 8=64= 8=35;G34;B4 ?N 5D=:C8>=4=��4C 4A 8::4 <D;86C 0C 4<0;94A4 :0=C4A=4 74;C ?N CG=341064?;034A� �4 :0= 34A5>A EOA4 AD�#>AA>B8>=B14B:GCC4;B4= 1;8E4A 8::4 5>AA8=64C 05 34CC4�

'E4A7>;3 0=E8B=8=64A=4 8 C014;;4= BN 34 5>AB:4;;864>E4A5;034A 8::4 1;8E4A 14B:03864C ?60� 5>A:4AC4A4=6PA8=6B<83;4A��=E4=3

� 8::4 066A4BB8E4 4;;4A B:DA4=34 A4=6PA8=6B<83;4A

� 8::4 A4=6PA8=6B<83;4A <43 7P9C 8=37>;3 05 0;:>7>;

� 8::4 7NA34 B:DA4R 4;;4A A4=6PA8=6BBE0<?4

� 8::4 7P9CAG:BA4=B4A 4;;4A 30<?BCAN;4A�

-0B: =G4 A4=6PA8=6BBE0<?4 6AD=386C D3 8=34= 1AD6�

".57

*3,@6.3,72.)1*6

Page 60: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�26>)* *3,@6.3,72.))*1

&E>5>B 6?AB945 ,1A=C E1>4 =54 ?@E1B;5=9445<�(5>7RA =54 5> A5>7RA9>7BBE1=@ ?7 CRA 56C5A =54 5> 2<R4;<D4�>E5>4 1<4A97 A5>7RA9>7B=94<5A C9< 7<1B 5<<5A 7<1BB;A125A

(DBC6A9C BCO< ,1A=C E1>4 =54 ?@E1B;5=9445<�(5>7RA =54 5> A5>7RA9>7BBE1=@ ?7 CRA 56C5A =54 5> 2<R4;<D4 �:5A> @<5CC5A 16 ;1<; 654C :PE>9>7 ?7 P7758E945 =54 45CB1==5 �5A ;1> 41>>5 B97 ;?AA?B9?> D>45A BO41>>5 @<5CC5A�5A ;1> ;R25B BPA<975 A5>7RA9>7B=94<5A C9< ADBC6A9C BCO< 8?B;D>45B5AE935 5<<5A 9 B@5391<6?AA5C>9>75A B?= 5A 25A57>5C C9< 2AD7@O E1A=5 ?E5A6<145A 'O6RA @<5:5=94<5C 9 5C 71>B;5 CG>4C <17 =545> 2<R4 ;<D4

�<1BAD45A �<1BA5>7RA9>7B=9445<�(5>7RA =54 5> 2<R4 ;<D4�AD7 1<4A97 5> 7<1BB;A125A

&E>AD= ,1A=C E1>4 =54 ?@E1B;5=9445< 5<<5A 5449;5��AD7 5> A5>7RA9>7BBE1=@ C9< A5>7RA9>75>

�>E5>4 5> 69> BCO<BE1=@ 5<<5A ?E>A5>B E54 ;A16C97 C9<B=D4B>9>7$O ;D> 1>E5>45B 9 5> ;?<4 ?E> �<1B;5A1=9;;5> =O 1<4A97A5>7RA5B =54 ?E>A5>B

�5C 254BC5 5A 1C 1>E5>45 ?E>5>B B5<EA5>B56D>;C9?>&E5A8?<4 1>E9B>9>75A>5 9 ;1@9C<5C ��������

�<1B164P;>9>7 @O ?E><1=@5A ,1A=C E1>4 =54 ?@E1B;5=9445<��AD7 5> A5>7RA9>7BBE1=@ C9< A5>7RA9>75>

�<1B;5A1=9; )@5391<A5>7RA9>7B=9445< C9< 7<1B;5A1=9; �B9<9;?>56A9C� ?745BD45> 39CA?> 5<<5A 5449;5 C9< ;1<;@<5CC5A�(5>7RA =54 5> A5>7RA9>7BBE1=@ ?7 CRA 56C5A =54 5>2<R4�;<D4�>E5>4 9;;5 ?E>A5>B 5<<5A @<5C6:5A>5A

,54 BCPA; C9<B=D4B>9>7 1>E5>45B 5> 7<1BB;A125A �6OB 8?B ;D>45B5AE935 5<<5A 9 B@5391<6?AA5C>9>75A�);G4 ;>9E2<145C D4 ?7 A5>7RA 7<1B;5A1=9;;5> =54 45C�1A5 6?A C9<B;145;?=BC� "<9>75> 5A =575C B;1A@);G4 ;>9E2<145C 9>4 975> 56C5A A5>7RA9>75> �5B;1497545;>9E2<145 B;1< B;96C5B D4 =54 45C B1==5

Page 61: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�26>)* *3,@6.3,72.))*1

&E>CPC>9>7$O 9;;5 C175B 16�

,1A=C E1>4 =54 ?@E1B;5=9445<�(5>7RA =54 5> ?@E1B;5BE1=@ �5A =O 9;;5 B;DA5B @OCPC>9>75>

*9<258RA ,1A=C E1>4 =54 ?@E1B;5=9445<�#P7 9 2<R4 ?7 A5>7RA =54 5> ?@E1B;5BE1=@ 5<<5A S2RABC5

+>9E5AB1<2A145@1>45> ?7 45> 5=1<:5A545 2175@<145 ;1>A5>7RA5B B1==5> =54 B5<EA5>B

)4=6PA C8;147PAB7>;34A=4 <43 E0A<C >?E0B:4E0=34= >?E0B:4BE0<? 4;;4A 4= 1PABC4�

+8;147PAB7>;34A=4 1;8E4A <8B50AE434 E43 7P94C4<?4A0CDA4A� �4C 70A 8=64= 8=35;G34;B4 ?N 5D=:C8>=4=��4 5;4BC4 <8B50AE=8=64A :0= 594A=4B <43 E0A<C>?E0B:4E0=3 >6 4= A4=6PA8=6BBE0<?� �>A 0C D=36NA83B4A B:0; 34A B:DA4B AD=3C >< 7>;34A4= 8 ?>;4A8=64=BA4C=8=6�

".1'*-@67-41)*6

Page 62: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�4 :0= C064 34 G34ABC4 C> 6;0BAD34A ?N >E=4=B 5>AB83405 BN 34 4A ;4CC4A4 0C A4=6PA4�

�� *:G3 34= 5>AA4BC4 6;0BAD34 >?03 >6 C06 34= 05���86DA���

(0B ?N� �4= 5>AA4BC4 6;0BAD34 4A ;PB BN B=0AC34=�4A 1;4E4C 5A869>AC 5A0 145OBC864;B4B7064A=4� >;3 6>3C 50BC 8 34=�$85CRC0BC4A=4 1;8E4A 5>AB:D3C >?03 B0<<4= <43AD34=�

�� +AG: 5PABC 34= 7P9A4 >6 34A=OBC 34= E4=BCA4145OBC864;B4B59434A 5>A 34= 0=34= >E=AD34 8=3038=3C8; 34 :0= B:G34B 8=3 D=34A <4;;4<BCG::4C���86DA���

� �

�� *:G3 E43 79O;? 05 4= <P=C 145OBC864;B4B5943A4=474;C >? >6 C06 6;0BAD34= D3� ��86DA���

(0B ?N� &NA 14664 145OBC864;B4B5943A4 4A B:D114C74;C >? E8??4A 6;0BAD34= 5A4<03� >;3 6>3C 50BC 834=��AD6 4= <P=C BN �4 8::4 B:OA4A �4< ?N 34B:0A?4 :0=C4A�

�+2438*6*�2438*6*,1&769)*6

�+2438*6.3,

Page 63: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

)4=6PA 6;0BAD34A=4 <43 4C A4=6PA8=6B<8334; C8; 6;0B>6 4= 1;P3 :;D3�

�=E4=3 8::4 066A4BB8E4 4;;4A B:DA4=34 <83;4A >6 74;;4A8=64= 6;0BB:A014A� �;0BB4C :0= 1;8E4 14B:03864C�

�� O=6 34= 0=34= 6;0BAD34 8=3 ?N ?;03B >6 B:G3145OBC864;B4B5943A4=4 74;C =43 <43 4= <P=C���86DA���

�4= ;8;;4 <0A:4A8=6B?A8: ?N G34AB834= 05 6;0BAD34=B:0; EOA4 ?;024A4C 8 PE4ABC4 7P9A4 79PA=4�

�� O6C 34= 5>AA4BC4 6;0BAD34 8=3 ?N ?;03B >6 B:G334= =4303� ��86DA���

*PA6 5>A 0C ;85CRC0BC4A=4 :><<4A C8; 0C B8334 :>AA4:C?;024A4C 8 N1=8=64A=4 8 5A>=C6;0BAD34=�

� �

�4 <N 5PABC 1AD64 >E=4= =NA 6;0BAD34A=4 4A <>=C4A4C:>AA4:C 864=�

�438*6.3,

Page 64: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�3 +*/1� -:&) ,@6 2&3�

E8B 34A >?BCNA 4= 549; :0= 34CC4 >5C4 B:G;34B 4=1060C4;� 4A 58=34B >?;GB=8=64A >< 7E>A30= �4 B4;E :0=0579O;?4 <8=3A4 549; >6 7E>A30= �4 :>=C0:C4A:D=34B4AE824�

Page 65: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�+-/?153.3, &+ 2.3)6* +*/1

E8B 34A >?BCNA 4= 549; 4A NAB064= >5C4 4= 1060C4;�*4�45C4A 8 C014;;4= 8=34= �4 :>=C0:C4A :D=34B4AE824�%NB:4 :0= �4 B4;E 0579O;?4 549;4=�

E8B 34C B:D;;4 B:4 0C 4= A4C 8::4 ;G::4B 74;C B><5>AE4=C4C :0= �4 ?APE4 0C ;OB4 :0?8C;4C �+4BC4C 8 E>A4B?APE4:P::4=�� �4A 58=34B <0=64 C8?B >6 0=E8B=8=64A>< C8;14A43=8=6�

�*/1 �91., >67&, �+-/?153.3, � &3:.73.3,

&E>5> ;1> 9;;5 CP>45B )9;A9>7 5A 4565;C "?>CA?<<5A ?= B9;A9>75> 9B9;A9>7BB;125C 5A 9 ?A45>

)CAR=162AG45<B5 "?>CA?<<5A ?= 1>4A5 1@@1A1C5A 9;R;;5>5C 6D>75A5A

&E>5> 5A <OBC *AG; @O C1BC5>�� 9>4C9<BG=2?<5C�� B<D;;5B 9 49B@<1G5C

BC1CDB<9>:5> BCOA 45A � >4BC9<<5;<?;;5B<PC� �5C E9BC5 ;<?;;5B<PC 5A9;;5 ;?AA5;C 45C 8R:A5 9>4BC9<<9>7B?=AO45 BCOA45A �,P<7 B@A?7�

)CAR=162AG45<B5 >4BC9< 45C 1;CD5<<5 ;<?;;5B<PC =544A5:5;>1@@5> ?7 CAG; @O C1BC5> � �5C E1<7C5 B@A?7 2<9E5A 9;;5 P>4A5C 9C9<6P<45 16 5C BCAR=BE97C

&E>5> ;1> 9;;5 O2>5B �BC1CDB<9>:5> BCOA 45A � >4BC9<<5;<?;;5B<PC� �5C E9BC5 ;<?;;5B<PC5A�9;;5 ;?AA5;C 45C 8R:A5 9>4BC9<<9>7B?=AO45 BCOA45A �,P<7 B@A?7�)G=2?<5C � E9B5B

)CAR=162AG45<B5 D>45AB5<EA5>B

>4BC9< 45C 1;CD5<<5 ;<?;;5B<PC =544A5:5;>1@@5> ?7 CAG; @O C1BC5> � �5C E1<7C5 B@A?7 2<9E5A 9;;5 P>4A5C 9C9<6P<45 16 5C BCAR=BE97C,5>C C9< ?E>AD==5C 5A ;R<5C 16)G=2?<5C � B<D;;5A &E>5> ;1>O2>5B 975>

�*/18&'*1

Page 66: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�*/1 �+-/?153.3, � &3:.73.3,�91., >67&,

&E>5> ;1> 9;;5 O2>5B #96C6D>;C9?>5> 5A <OBC@71 B5<EA5>B

,5>C C9< ?E>AD==5C 5A 16;R<5C ?7BG=2?<5C � B<D;;5A

#96C6D>;C9?>5> 5A <OBC 162RA>5B9;A9>75>

*AG; @O C1BC5>�� 9>4C9<BG=2?<5C�� B<D;;5B 9 49B@<1G5C

#96C5>B 5>45@?B9C9?> 5A75=C @O 5> =575C 8R:@?B9C9?>

*AG; 975> @O C1BC5> C9< O2>9>7 16?E>5>� �5= <96C5>B 5>45@?B9C9?>975> 5<<5A EP<7 5> 1>45>7AD>49>4BC9<<9>7 )5 ��5CC5 5A �5A5B>G5 ?E>� ��� �������� �������

&E>5> E1A=5A 9;;5 5<<5A 45> ;1>9;;5 BC1AC5B

&E>6D>;C9?>5> 2<5E9;;5 A579BCA5A5C

>4BC9< 975>

&E>5> 5A 9;;5 <D;;5CA97C97C

#D; ?E>5> 85<C =54 <96CSC1BC5A>5

&E>5> 5A <OBC @71B5<EA5>B

,5>C C9< ?E>AD==5C 5A 16;R<5C ?7BG=2?<5C � B<D;;5A

&E>5> E1A=5A 9;;5 �5A BCOA��5=?� 9 BC1CDB<9>:5>

&E>5> 5A 945=?S=?4DB

)<O B9;A9>75> 6A1 9 B9;A9>7B2?;B5> ?7B<O 45> C9< 975> 56C5A 31 �� B5;D>45A*AG; 9>45>6?A 45 >PBC5 ��=9>DCC5A@O�C1BC5> � 9 69A5 B5;D>45A 9>4C9<��5=?� 9;;5 <P>75A5 E9B5B 9BC1CDB<9>:5>

BC1CDB<9>:5> BCOA 45A��DC?=1C9B;�B<D;>9>7�

�5> 1DC?=1C9B;5B<D;>9>7 5A 2<5E5C1;C9E5A5C &E>5>B<D;;5B

*AG; @O 5> E9<;OA<97 C1BC *5;BC5>6?ABE9>45A %D ;1> �5 ;1> 9>4BC9<<5975>

#96CS5>45@?B9C9?>5> ;1> 9;;575==5B

&E>5> 5A 9;;5 <D;;5CA97C97C

#D; ?E>5> 85<C =54 <96CSC1BC5A>5?7�75= <96CS5>45@?B9C9?>5> 975>)5���5CC5 5A �5A5B >G5 ?E>� ����������� �������

Page 67: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

+AG: ?N C0BC4= � 7E8B 34A E8B4B 4= 549;<4334;4;B4 838B?;0G4C <43 4C �� �4AE43 1;8E4A 549;<4334;4;B4=B;4CC4C� �4C 4A <D;86C 0C :;>::4B;OCC4C 10645C4A B:0;8=3BC8;;4B 864=� #>=C0:C :D=34B4AE824 7E8B549;<4334;4;B4= E8B4B 864=�

-43 5P;64=34 549;<4334;4;B4A :0= �4 <NB:4 B4;E0579O;?4 549;4=�

�*/12*))*1*17* �91., >67&, �+-/?153.3, � &3:.73.3,

� �� �5A 5A 2<5E5C CAG;;5C6?A <P>75 @O 5> C1BC5<<5A 5> C1BC 81A B1CB97�61BC

*AG; @O 1<<5 C1BC5A>5 5> 14 71>75>"?>CA?<<5A ?= C1BC5A>5 5A A5>5 "?>C1;C;D>45B5AE935 8E9B 65:<=5445<5<B5> 9;;56?ABE9>45A

� �� "R<5E5>C9<1C?A 5A4565;C

*AG; @O C1BC5> � �E9B 65:<=5445<5<B5>E9B5B 975> =O ?E>5> ;D> 25>GCC5B ?@ C9<31 ����I� "?>C1;C ;D>45B5AE935

���� *5=@5A1CDA5> 9?E>AD==5C 5A 6?A 8R:

&E>4RA5> 5A <OBC ,5>C C9< ?E>AD==5C 5A;R<5C 16 *AG; @O C1BC5>��

���� �5A 2<5E CAG;;5C 6?A<P>75 @O 5> <96CSC1BC

*AG; @O C1BC5> �

#96CSC1BC B9445A 61BC *AG; @O 1<<5 <96CSC1BC5A>5 5> 14 71>75>?7 D>45ABR7 ?= 45 ;<5==5A *AG; @OC1BC5>��

�5> 6?AA5BC5 7<1BAD455A 9;;5 @<135A5C;?AA5;C

�5EP7 45> 6?AA5BC5 7<1BAD45 <94C C9<<96CSC1BC5A>5 9;;5 =5A5 5A 9 ;<5==5*AG;�@O C1BC5>��

�0A4 5>A 4;4:CA8B: BCP3��06;86C D:>AA4:C4 A4?0A0C8>=4A 4A 50A;864� #D=B4AE824C4:=8:4A4 34A 4A D330==4C 05 >B <N D35PA4A4?0A0C8>=4A�

�*/12*))*1*17*6 2*) �

Page 68: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

#)70.+8* 5?6* . 4:3'*1;73.3,

E8B 4= ?OA4 8 >E=14;GB=8=64= 8::4 ;GB4A B:0; 34=B:85C4B D3��4A :0= 5NB C4<?4A0CDA14BC0=3864 ?OA4A 7>B:D=34B4AE824 4;;4A 5>A70=3;4A4=��=E4=3 :D= 34==4 CG?4 ?OA4A�

�0A4 5>A 4;4:CA8B: BCP3�*;N B8:A8=64= 8 B8:A8=6BB:014C 5A0�

�0A4 5>A 5>A1AO=38=6�,3B:85C :D= ?OA4= 8 >E=;0<?4A=4 =NA >E=4= 4A :>;3�

�=E4=3 :D= 6;P34?OA4A ?N � F0CC�

�� *;N B8:A8=64= 8 B8:A8=6BB:014C 5A0�

�� $O6 4C E8B:4BCG::4 >E4= ?N 6;0B:4A0<8::4= 5>A 0C5>A78=3A4 B:034A�

�� +06 6;0B053O:=8=64= 05� +AG: 74AC8; ;D::4;0B:4= 05<4C0; 106D3 <43 C><<4;58=64A4=� ��86DA���

(0B ?N� �;0B053O:=8=64= 4A ;PB BN B=0AC 34= 4A6N4C D3 05 8=36A41 8 34= 4=4 B834� (0B ?N 34= 8::450;34A =43�

� *:AD ?OA4= D3 �586DA �� >6 D3B:85C 34= <43 4= =G05 B0<<4 CG?4�

� �

�&25* . 4:314+8

Page 69: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

� *OC 6;0B053O:=8=64= ?N ?;03B 864=� *OC6;0B053O:=8=64= 8=3 D=34A ;0B:4= 8 34= 4= B834>6 CAG: 34= ?N ?;03B 8 34= 0=34= B834 C8; 34= 6NA8�8=36A41�

�� �94A= E8B:4BCG::4C 5A0 6;0B:4A0<8::4= >6 B;NB8:A8=64= C8; 864=�

�=E4=3 :D= 70;>64=?OA4A ?N � F0CC�)PA :D= E43 70;>64=?OA4A=4 <43 4= A4= CPA :;D3��4C 5>A;O=64A ?OA4A=4B ;4E4C83�

'E=;0<?4A=4 8 E4=BCA4 >6 7P9A4 B834 D3B:85C4B ?NB0<<4 <N34�

�� *;N B8:A8=64= 8 B8:A8=6BB:014C 5A0�

�� $O6 4C E8B:4BCG::4 >E4= ?N 6;0B:4A0<8::4= 5>A 0C5>A78=3A4 B:034A�

�� +06 6;0B053O:=8=64= 05� $D: 6;0B053O:=8=64= >?8 D=34A:0=C4= <43 58=6A4=4�

+06 4= B:4 C8; 79O;? 7E8B 34C 4A BEOAC 0C 594A=46;0B053O:=8=64=� ��86DA���

� +AO: ?OA4= D3 D34= 0C 3A494 34= �586DA �� >6D3B:85C 34= <43 4= =G 05 B0<<4 CG?4�

(;024A ?OA4=B 14= :>AA4:C� +AG: ?OA4= 6>3C 8=3�

� �

�:31&25* . 7.)*

Page 70: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

� *OC 6;0B053O:=8=64= ?N 864=�

*PA6 5>A 0C 6;0BB4CB 7EO;E8=6 1;8E4A ?;024A4C 8B0<<4 B834 B>< ?OA4=�*OC 6;0B053O:=8=64= ?N ?;03B 5>A>E4= >6 CAG:34= 8=3 5>A=434= C8; 34= 6NA 8 8=36A41� ��86DA���

�� �94A= E8B:4BCG::4C 5A0 6;0B:4A0<8::4= >6 B;NB8:A8=64= C8; 864=�

E8B 4= 6;0B053O:=8=6 4A 1;4E4C 14B:03864C B:0; 34=D3B:85C4B��4A 5NB 6;0B053O:=8=64A 05 34= A86C864 CG?4 7>B:D=34B4AE824� '?68E E4=;86BC �R=A� >6 ��R=A� ?N �4A4B>E=�

<'3* 4:3*3 2&39*18

�4 :0= N1=4 >E=4= <0=D4;C 8 C8;5O;34 05 0C;85C5D=:C8>=4= 8::4 E8A:4A� E8B 34A 5�4:B� >?BCNA 4=BCAP<051AG34;B4 <4=B 34A BC0386 4A 4= A4C 8 >E=4=�

4AC8; B:0; 4C 05 34 74A =OE=C4 � - �R1;>:10CC4A84A1AD64B�

� �;:0;8=4 �$)�� �$��� 4;;4A ��%�

� /8=:R:D; ����

�1&7&+)?03.3,*6

Page 71: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�0A4 5>A 5>A1AO=38=6�&NA >E=4= 70A EOA4C 8 1AD6 4A 34= <464C E0A<8=3E4=386� $03 >E=4= :P;4 05�

�0A4 5>A 5>A1AO=38=6 ?60� 4= 5>A?D5=8=6�'E=4= <N 0;3A86 N1=4B D=34A B4;EA4=B�

�0A4 5>A 4;4:CA8B: BCP3�*;N B8:A8=64= 8 B8:A8=6BB:014C 5A0�

�=E4=3 :D= 34 74A 0=68E=4 10CC4A84A��0CC4A84A <43 4= 0=34= B?O=38=6 :0= 14B:03864>E=4=�

$85C4= <N 8::4 14EO64B <4A4 4=3 � 2< =4303�$85C4=B 3A4E :0= 1;8E4 14B:03864C�

�� *:G3 34= 5>AA4BC4 6;0BAD34 >?03 >6 C06 34= 05���86DA���

(0B ?N� �;0BAD34= 4A ;PB BN B=0AC 34= 4A 1;4E4C5A869>AC 5A0 145OBC864;B4B7064A=4� >;3 6>3C 50BC 8 34=�$85CRC0BC4A=4 1;8E4A >6BN 5>AB:D3C >?03�

�� +AG: � - 10CC4A84C 8=3 <>3 :>=C0:C4A=4 PE4ABC C8;7P9A4 ?N 1064>E=4=�+AG: B0<C8386 ?N E8??4051AG34A4= C8; 7P9A4 5>A:>=C0:C4A=4� ��86DA���$85C4= 14EO64A B86 ;0=6B><C =4303�

*PA6 5>A 0C E4=34 10CC4A84CB ?>;4A :>AA4:C�-4=BCA4 � <8=DB R P9A4 � ?;DB �

� �

�3)*3 >'3.3, &+ 4:3*3 �

!>)&3 ,@6 �*

Page 72: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�� O6C >E=4=B 5A>=C6;0BAD34 8=3 ?N ?;03B 864= >6B:G3 34= =4303� ��86DA���

*PA6 5>A 0C ;85CRC0BC4A=4 :><<4A C8; 0C B8334 :>AA4:C?;024A4C 8 N1=8=64A=4 8 6;0BAD34=�

&NA ;85CRC0BC4A=4 5D=64A4A 864= B:0; >E=4= 5PABC ;D::4B��4A45C4A :0= ;85C5D=:C8>=4= 0=E4=34B 864= ?NBO3E0=;86 E8B�

�93)*7*6:.(*

E8B >E=4= B:0; A4?0A4A4B :0= :D=34B4AE824 EOA4�4< 1479O;?4;86� �4 :0= 58=34 03A4BB4= >6C4;45>==D<<4A C8; 34C =OA<4BC4 B4AE824EOA:BC43 8C4;45>=1>64=� �4 0=68E=4 :D=34B4AE82424=CA4 68E4A�4< >6BN 64A=4 >?;GB=8=64A >< 34C =OA<4BC4B4AE824EOA:BC43�

&NA �4 :>=C0:C4A E>A4B :D=34B4AE824 B:0; �4 >?68E434C :><?;4CC4 �R=D<<4A >6 ��R=D<<4A 5>A >E=4=�+G?4B:8;C4C <43 =D<A4=4 58=34B ?N ;85C1D=34=BD=34AB834�

�>A 0C �4 ;4C :0= 58=34 =D<A4=4 7E8B 34A >?CAO34A 4=5D=:C8>=B549; 4A 34C 4= 6>3 834 ?N 5>A7N=3 0C =>C4A4>E=4=B 30C0 74A�

�S>A ��S>A

"D>45B5AE935 �

�A3922*6 4, ��A3922*6

Page 73: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

".57 42 *3*6,.'*75&6*17* 4,2.1/@-*37;3

4A 58=34B C8?B >< 7E>A30= �4 :0= B?0A4 ?N 4=4A684=E43 106=8=6 >6 BC46=8=6 >6 >< 7E>A30= 0??0A0C4C1>ACB:0554B :>AA4:C�

�>AE0A< :D= >E=4= 7E8B 34C 4A 0=68E4C 8 >?B:A85C4=4;;4A 8 C014;;4A=4 8 34==4 1AD6B0=E8B=8=6�

�=E4=3 <PA:4 B>AC;0:4A434 4;;4A 4<0;94A43410645>A<4 �4 >?C064A E0A<4= BOA;86C 6>3C�

$D: >E=3PA4= >? BN B9O;34=C B>< <D;86C D=34AC8;14A43=8=6 106=8=6 >6 BC46=8=6�

�4C 4A 143BC 0C 1064 5;4A4 :064A ;864 45C4A 78=0=34=�*N 4A >E=4= BC0386 E0A<� (N 34= <N34 A43D24A4B1064C834= 5>A 34= =OBC4 :064� �4 :0= >6BN 1064 �58A:0=C5>A<4 B0<C8386 E43 B834= 05 78=0=34=�

-43 ;O=64A4 C8;14A43=8=6BC834A :0= <0= B;D::4 5>A>E=4= � �<8=DCC4A 5PA C8;14A43=8=6BC834= 4A B;DC >634AE43 D3=GCC4 A4BCE0A<4= C8; 5OA386C8;14A43=8=64=�

�<10;;064= B:0; 1>ACB:0554B :>AA4:C 87C� A46;4A=4 5>A<8;9P14B:GCC4;B4�

�4CC4 0??0A0C 4A :;0BB85824A4C 87C� 34C 4DA>?O8B:438A4:C8E � ������� >< 64=E8=38=6 >6 1>ACB:0554;B405�0550;3 05 4;4:CA8B:R >6 4;4:CA>=8B: D3BCGA �F0BC44;42CA820; 0=3 4;42CA>=82 4@D8?<4=C R .������4CC4 38A4:C8E 0=68E4A A0<<4A=4 5>A 8=3;4E4A8=6 >6A42G2;8=6 05 :0BB4A434 0??0A0C4A 6O;34=34 5>A74;4��,�

�3*6,.'*75&6*17*

�.1/@:*31.,'46870&++*17*

Page 74: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

"*78*8 . :46*756@:*0@00*3

4A 58=34A �4 4C D3E0;6 05 A4CC4A B0<C 34 >?C8<0;48=3BC8;;8=64A��4 5NA <0=64 C8?B >< 1AD6 05 B4AE824 >6 C8;14A43=8=6B0<C 4= ;8;;4 E49;43=8=6 C8; 79O;? 7E8B =>64C 0;;864E4;B:D;;4 6N 60;C�

Page 75: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�3)78.11.3,7:?6).*6 4, 8.57

�4 0=68E=4 8=3BC8;;8=6BEOA384A 6O;34A 5>A A4CC4A34A�BOCC4B 8 4= :>;3 >E=� *N30= :0= �4 B?0A4 ?N4=4A684=� �>AE0A< :D= >E=4= 7E8B 34C 4A 0=68E4C 8C014;;4A=4� E8B �4 5>AE0A<4A >E=4= 1;8E4A 34 0=68E=41064C834A A43D24A4C <43 � C8; � <8=DCC4A�+4<?4A0CDA >6 C8;14A43=8=6BC83 4A 057O=6864 05A4CC4=B <O=634 >6 14B:0554=743� �4A5>A 4A 34A0=68E4C 8=C4AE0;;4A 8 C014;;4A=4�(APE 5PABC <43 34= ;0E4BC4 EOA38� �= ;0E C4<?4A0CDA68E4A 4= 9OE=4A4 106=8=6� E8B 34C 4A =P3E4=386C :0=�4 8=3BC8;;4 4= 7P94A4 C4<?4A0CDA =OBC4 60=6�

+8?B4=4 8=347>;34A 4:BCA0 8=5>A<0C8>=4A B>< 79O;?4A�4< <43 0C >?C8<4A4 A4CC4A=4 45C4A �4A4B ?4AB>=;864P=B:4A�

+06 0;C C8;147PA 34A 8::4 B:0; 1AD64B D3 05 >E=4=8=34= 34= 14=GCC4B�

�=E4=3 34C ;4E4A434 C8;147PA��4A :0= :P14B G34A;864A4 C8;147PA 4;;4A 4:BCA0 C8;147PA7>B :D=34B4AE824 4;;4A 7>B 5>A70=3;4A4=�

�064?;034A >6 R5>A<4 05 <PA:C <4C0; 4A <4BCE4;46=434� �4C 143BC4 4A 0C BC8;;4 5034 >6 5>A<4 05;GBC�<4C0; 4;;4A 6;0B 38A4:C4 ?N 6;0B:4A0<8::4=��P;6 ?A>3D24=C4=B 0=E8B=8=64A�

E8B �4 P=B:4A 0C 0=E4=34 5>A<4 05 B8;8:>=4 B:0;�4�1AD64 ?A>3D24=C4=B 0=68E4;B4A >6 >?B:A85C4A B><E49;43=8=6� *8;8:>=45>A<4 4A >5C4 <8=3A4 4=3 =>A<0;45>A<4� �4A5>A :0= 349<O=634A >6 0=68E4;B4A 8>?B:A85C4A=4 EOA4 0=34A;434B�*8;8:>=45>A<4 <N 8::4 BC8;;4B 38A4:C4 ?N 6;0BR:4A0<8::4=� �4 :0= B<4;C4�

�AD6 0;C83 6AG34;0??4A =NA �4 C064A E0A<C C8;147PA4;;4A 5034 D3 05 >E=4=�

".1'*-@6

Page 76: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�4C 4A 143BC 0C 0=E4=34 >E4AR�D=34AE0A<4 � 4;;4A G3A>�06=8=6��� E8B �4 E8; 1064 <43 ��RE0A<;D5C�� B:0; C8;147PA4C?;024A4B 8 A8;;4 � 4;;4A ��

�=E4=3 ��RE0A<;D5C���*OC D=8E4AB0;1A034?0=34= 8=3 8 A8;;4 � >6 1064?;034=8 A8;;4 �� �>A<:064A B:0; 0;C83 1064B 8 4C ;06�

(;034A 34A BOCC4B 8 >E=4= B0<C8386 4A 8::4=P3E4=386E8B 5OA3864 ?N B0<<4 C83�

$O6 1AP3349 38A4:C4 ?N 6;0B:4A0<8::4=�

-43 1AP3106=8=6 B:0; >E=4= 5>AE0A<4B 7E8B 34A 8::44A 0=68E4C 0=34C�

O;3 0;3A86 E0=3 ?N 6;0B:4A0<8::4= =NA 34= 4A E0A<�

�&,*6 . +462 �&)* 4, '*-41)*6* .11* �:3A+9308.43

"*25*6&896. °�

�&,*8.) .2.3988*6

(RA5;175 5>;5< (1>46?A=�69A;1>C5C6?A=

� ��S �� ��S��

(RA5;175 69>�65;B B1>4;175�

(1>46?A=�69A;1>C5C6?A=

� ��S �� ��S��

*PAC52D>4 16 ARAC ;17545: *PAC56?A= � � ��S �� ��S��

�AD7C;175 69> ARAC ;17545: )@A9>7S�A1>46?A= � ��S �� ��S��

#17;1752D>4 � P76?AE1A=>9>7

)@A9>7S�CPAC56?A= � ��S �� �S �

#17;1752D>45 � P76?AE1A=>9>7

$RA; B@A9>76?A= � ��S �� ��S��

$RA45:B2D>4 =54 ;1>C $RA; B@A9>76?A= � � ��S �� ��S��

�AD7CS 5<<5A ;E1A;;175 =542D>4 16 =RA45:�

$RA; B@A9>76?A= � ��S �� ��S��

�?A=;175 (D>4 ;1756?A= � ��S �� ��S��

"AG4A5C 217EPA;� $RA; B@A9>76?A= � � ��S �� ��S��

� #14 ;175> 8E9<5 9 31 �� =9>DCC5A 9 45C B<D;;545 1@@1A1C =54 <D;;5C 4RA

�&,*6 4, '&,:?60

�&,* . *8 1&,

�&,* . 84 1&,

�6@) 4, 693)78;00*6

Page 77: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�&,*6 5> 51&)* ".1'*-@6 .11* �:3A+9308.43

"*25*6&896. °�

�&,*8.) .2.3988*6

(RA5;175 =54CRAC 6G<4 �175@<145 � ��S �� ��S��7 G

+>9E5AB1<2A145@1>45� 2175@<145

�� � ��S �� ��S��

(RA5;175 =54 6D7C97C6G<4�6 �

�175@<145 � � ��S �� ��S��7 7 7 G�6AD7C� +>9E5AB1<2A145@1>45

� 2175@<145 �� � ��S �� ��S��

�PA45: =54 CRAC 6G<4 �175@<145 � ��S��� ��S��: G

+>9E5AB1<2A145@1>45� 2175@<145

�� � ��S �� ��S��

�PA45: =54 B16C97C6G<4 �6AD7C� �175@<145 � � ��S �� ��S��: 7 G � 7 �

+>9E5AB1<2A145@1>45� 2175@<145

�� � ��S �� ��S��

$RA45: =54CRAC 6G<4 �175@<145 � ��S��� ��S��

$RA45: =54 6D7C97C6G<4 �6AD7C� +>9E5AB1<2A145@1>45 � ��S �� ��S��

-N85 �B38F59H9B; CPAC5� +>9E5AB1<2A145@1>45 � ���S��� ��S��

(?D<1456?AE1A=>9>7

+>9E5AB1<2A145@1>45 � ��S� � �S��

�<5C2AR4 16 ��� 7 =5< +>9E5AB1<2A145@1>45 � � ��S �� ��S��

!D<5;175 �)C?<<5� 16 ��� 7 =5< +>9E5AB1<2A145@1>45 � � ��S��� ��S��

!D<5;175 �)C?<<5� 16 ;7 =5< +>9E5AB1<2A145@1>45 � � ��S �� ��S��

�DCC5A45: BR4 +>9E5AB1<2A145@1>45 � ��S��� ��S��

'9HH1 +>9E5AB1<2A145@1>45 � � �S��� ��S��

+>9E5AB1<2A145@1>45� 2175@<145

�� � ��S� � ��S��

�<1==;D385>6?AE1A=>9>7

+>9E5AB1<2A145@1>45 � ���S��� �S �

!2> 0&,*6 ".1'*-@6 .11* �:3A+9308.43

"*25*6&896. °�

�&,*8.) .2.3988*6

)=O;175A �175@<145 � � ��S �� �S��7

+>9E5AB1<2A145@1>45 �2175@<145

�� � ��S �� ��S��

Page 78: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

!2> 0&,*6 �&,*8.) .2.3988*6

"*25*6&896. °�

�:3A+9308.43

.11*".1'*-@6

$1;A?>5A �175@<145 � �S �� ��S��

+>9E5AB1<2A145@1>45 �2175@<145

�� � ��S �� ��S��

$1A5>7B �175@<145 � ��S�� ��S ��

$D669>B (9BC =54 =D669>@<145 � ��S��� ��S��

,1>421;;5<B5B45: �175@<145 � � �S��� ��S��

�17EPA; 2DCC5A45: �175@<145 � ��S��� ��S��7 :

+>9E5AB1<2A145@1>45 �2175@<145

�� � ��S �� ��S��

�17EPA; 16 7PA45: +>9E5AB1<2A145@1>45 � � � �S��� �S��7 7 :

+>9E5AB1<2A145@1>45 �2175@<145

�� � ��S �� ��S��

�6@) 4, 693)78;00*6 ".1'*-@6 .11* �:3A+9308.43

"*25*6&896. °�

�&,*8.) .2.3988*6

�?AE1A=>9>77PA2AR4 16 ��;7 =5< +45> � �

������

�S ���S��

�?AE1A=>9>7BDA2AR4 16 ��;7 =5< +45> � �

������

�S ���S��

�<142AR46?AE1A=>9>7

+45> � � ��� �S �

(D>4BCG;;5AD45> 6?AE1A=>9>7

�175@<145 � � ���S��� ��S��

�?<<5A 16 7PA45: BR456 9

�175@<145 � � ��S� � �S��7 :6?AE1A=>9>7 +>9E5AB1<2A145@1>45

� 2175@<145 �� � ��S �� ��S��

�5 E9< 2175 56C5A 575> ?@B;A96C �AD7 1>E9B>9>75A>5 6?A <97>5>45 217EPA; 9 2175C125<<5A>5

�&,*8.57

Page 79: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

)O41> ;?>BC1C5A5B ?= 5> ARA5;1755A 75>>5=217C

)C9; 5> CG>4 CAP@9>4 >54 9 45C 8R:5BC5 BC54 @O ;175> 31 ��=9>DCC5A 6RA D4<R25C 16 45> 2175C94 45A 5A 1>79E5C 9?@B;A96C5> �E9B 45A 9;;5 ;<P25A 45: E54 CAP@9>45> 5A ;175>6PA497

"175> 61<45A B1==5> �AD7 =9>4A5 EP45 >PBC5 71>7 5<<5A 9>4BC9< ?E>C5=@5A1CDA5>31 ��7A145A <1E5A5 &E5A8?<4 45 1>79E>5 ARA5C945A 9 ?@B;A96C5>

"175> 5A 8PE5C 9 =94C5> =5> 5A<1E <1>7B ;1>C5>

+>4<14 1C B=RA5 B@A9>76?A=5>B ;1>C �6C5A 217>9>75> <RB>5B;175> 6?AB97C97C =54 5> ;>9E

"175> 5A 2<5E5C 6?A =RA; 6?A?E5> '<135A ;175> <1E5A5 EP<7 5> <1E5A5 C5=@5A1CDA ?7 217 45> <94C<P>75A5

"175> 5A 6?A CRA )C9; B=O 8D<<5A 9 45> 6PA4975 ;175 =54 5> C1>4BC9;;5A �AG@45A56C5A ;175> =54 6AD7CB16C 5<<5A >?75C 1<;?8?<8?<497C ,P<7>PBC5 71>7 5> C5=@5A1CDA B?= 5A � 7A145A 8R:5A5 ?7A54D35A 2175C945>

�AR45C 5<<5A ;175> �65;B ?BC5;175�B5A 69> D4 =5> 5A ;<P7 9>4E5>497�6?A 654C5C 75>>5=CAD;;5C =54E1>4545 <17�

�>E5>4 <94C =9>4A5 EPB;5 >PBC5 71>7 ?7 217 ;175> <94C<P>75A5 E54 <1E5A5 C5=@5A1CDA �?A217 2D>45> E54 ;175A =546D7C97C 6G<4 �AGB 2D>45> =54 =1>4<5A 5<<5A A1B@ ?7 <P745A56C5A 6G<45C @O &E5A8?<4 ?@B;A96C5A ?7 2175C945A

�17EPA;5C 5A 9;;5 2<5E5C 217C:PE>C

,P<7 5> <94C <1E5A5 C5=@5A1CDA BO 2<9E5A 217EPA;5C 217C =5A5:PE>C �17 B1AC 217EPA; =54 ?E5AS�D>45AE1A=5 � 9 5C <17�E9B 2175@1@9A5C BC9;;5A ?@ ?E5A ;1>C5> ;1> 45C 6?AA9>75<D6C39A;D<1C9?>5> "<9@ 45A6?A 1<C94 2175@1@9A5C C9< BO 45C @1BB5AC9< 2175@<145>B BCRAA5<B5�E9B �5 E9< 2175 9 5C <17 =54 ��SE1A=<D6C�� B;1< C9<258RA5C@<135A5B 9 A9<<5 5<<5A �

�AD7C;175> 5A 6?A <GB 9�2D>45> '<135A ;175> 5> A9<<5 <1E5A5 >PBC5 71>7

�AD7CB16C5> <R25A�?E5A �5>GC >PBC5 71>7 D>9E5AB1<2A145@1>45> B?= 5A <94C 4G25A5

)=OC 217EPA; 16 7PA45: ;<P25AB1==5> D>45A 217>9>75>

#14 45A EPA5 5> 6A9 16BC1>4 @O 31���3= ?=;A9>7 8E5A ;175)O�5A 45A C9<BCAP;;5<97 @<14B C9< 1C 8E5AC BCG;;5 217EPA; ;1>8PE5 ?7 2<9E5 2AD>5C 85<5 E5:5> AD>4C

�5 81A 217C 9 C? <17 'O 45> 5>5@<145 5A 217EPA;5C =RA;5A5 5>4@O 45> 1>45>

�AD7 1<C94 ��SE1A=<D6C�� E54 217>9>7 9 6<5A5 <17 '<145A 45A 5AB1C 9 ?E>5> B1=C9497 2<9E5A 9;;5 1<C94 6PA4975 @O B1==5 C94'<135A C9<258RA5C 9 A9<<5 ?7 �

,54 217>9>7 16 B16C975 ;175A ?@BCOA45A ;?>45>BE1>4

�5A ;1> ?@BCO E1>441=@ D>45A 217>9>75> �5> ;?==5A D475>>5= E5>C9<1C9?>BO2>9>75A>5 ,1>441=@5> ;1> BPCC5 B97 @O6A?>C5> 16 ;R;;5>5<5=5>C5A>5 E54 B945> 16 ?7 4AG@@5 16 B?=;?>45>BE1>4 �5CC5 5A 6GB9B; 25C9>75C

Page 80: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�4 :0= 1AD64 0;;4 B;06B E0A<414BC0=3864 5034 >66AG34A� +8; BC>A4 BC464 4A D=8E4AB0;1A034?0=34= >6BNE4;46=4C�

�034 >6 147>;34A4 05 6;0B 4A <4BC E4;46=4C� $N64C B:0; ?0BB4 C8; BC4646AG34= >6 ;D::4 COC C8;�

-43 4<0;94A434 BC4646AG34A B:0; 34A C8;BOCC4B ;83C<4A4 EO34�

-43 BC4646AG34A 05 ADBC5A8C BCN; 1;8E4A :P34C 8::41AD=4C�BN :A05C86C >6 ;83C <8=3A4 64==4<BC46C��>A;O=6 C8;14A43=8=6BC834A=4�

(;024A 0;C83 5034C�6AG34= <83C ?N 6;0B:4A0<8::4= 4;;4AA8BC4=�

'?;GB=8=64A 8 C014;;4A=4��03 D34= ;N6 � D34= ;N6�03 <43 ;N6 � <43 ;N6

*C8; 0;C83 E0A<C 6;0BB4AE824 ?N 4= CPA E0A<41A8:B� E8B�D=34A;064C 4A EN3C 4;;4A :>;3C :0= 6;0BB4CB?A8=64�

+8;BOC ;83C EO34 C8; <064AC :P3� �D=34= 05 5034C B:0;EOA4 3O::4C <43 20� J�2< EO34� -43 6AG34BC464B:0; 34A C8;BOCC4B A864;86C EO34� �D=34= 05 5034C B:0;EOA4 3O::4C <43 �R��2< EO34�%O=634= 05 EO34= 057O=64A 05 :P34CB 0AC >6 5034CB<0C4A80;4� -43 C8;14A43=8=6 05 :P3 8 4= 4<0;94A4CBC4646AG34 B:0; 34A 1AD64B ;83C <4A4 EOA4 4=3 E435034 05 6;0B�*C4646AG34A 05 ADBC5A8C BCN; 4A :D= 14C8=64C 46=434�#P34C 1;8E4A C8;14A43C ;0=6B><<4A4 >6 1;8E4A <8=3A41AD=C� -O;6 4= 7P94A4 C4<?4A0CDA >6�4;;4A 4= ;O=64A4C8;14A43=8=6BC83�

$O6 6A8;;BCG::4A=4 38A4:C4 ?N A8BC4=� �C 4=:4;C6A8;;BCG::4 1;8E4A 143BC 7E8B 34C ;O664B ><CA4=C ?N<83C4= ?N A8BC4=� O=6 >6BN D=8E4AB0;1A034?0=34= 8=3 8 A8;;4��� 4A�>?B0<;4B B05C4= 5A0 :P34C BN >E=4= 8::4 1;8E4ABN�B=0EB4C�

�@)� +/*606?� +.70

".57 :*)6@6*3)* +&)* 4,'*-41)*6*

".57 :*)6@6*3)* 78*,3.3,

".57 :*)6@6*3)* ,6.13.3,

Page 81: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

(;024A 8::4 1064?;034= 4;;4A D=8E4AB0;1A034?0=34= 8A8;;4 � 4;;4A �� (60� 05 34= :A05C864 E0A<4 :0= C8;147PA4CB;N B86 >6 :0= 1;8E4 14B:03864C�

�A8;;BCG::4A=4 B:0; BN E83C <D;86C EOA4 ;864 CG::4�(N�34= <N34 1;8E4A 34 4=B0AC4C BC46C >6 5>A1;8E4AB05C864� *C40:B B:0; 5PABC B0;C4B 45C4A 6A8;=8=64=�

-43 6A8;=8=6 B:0; >E=4= 5>AE0A<4B 8 20� � <8=DCC4A8=34= 6A8;;<034= ;O664B 8=3�

-4=3 6A8;;BCG::4A=4 45C4A � 05 34= 0=68E=4 C83�

-4=3 :P3BCG::4A=4 45C4A 70;E34;4= 05 C834=�

&NA BC464= 4A 5OA386 B:0; 34= 74;BC 7E8;4 8 20�� �<8=DCC4A 8 34= B;D::434 >E= <43 ;D::4C >E=3PA�(N�34= <N34 1;8E4A B05C4= 5>A34;C 143A4 8 :P34C�

(0: A>0BC1445 8=3 8 0;D5>;84 45C4A C8;14A43=8=64= >6 ;0334= 7E8;4 8 >E=4= 8 � �<8=DCC4A�

*:OA A83B4A >E4A :AG3B 8 BEOA4= ?N 5;OB:4BC46 >6;O6 34= 8 5034C <43 BEOA4= =4303 5PABC�

�@) $?,8 ".1'*-@6 4,+&)*

.11* �:3A+9308.43

"*25*6&896. °�� ,6.1186.3

".1'*6*)A3.3,78.).�2.3988*6

�07*0@)

&;B57AG45BC57 � ;7 $54 <O7 � � ���S��� ��7 G 7

� ;7

7

� � ��S� � ��

�� ;7 � � ��S��� ��

&;B569<5C =549D= � ;7 +45> <O7 � � ���S��� ��

� ;7

7

� � ��S� � ��

(?1BC2556 =549D= � ;7 +45> <O7 � � ���S��� ��

)C51;B ��3= CG;;5=549D=

(9BC �D>9E5AB1<2A145@1>45

�� � � �

�@)

Page 82: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�@) ".1'*6*)A3.3,78.).�2.3988*6

"*25*6&896. °�� ,6.1186.3

�:3A+9308.43

.11*".1'*-@6 4,+&)*

$?,8

�&1:*0@)

"1<E5BC57 � ;7 +45> <O7 � � ��S� � ��7

� ;7

7

� � ��S��� ��

�� ;7 � � ��S �� ��

"1<E5B;1>; � ;7 +45> <O7 � � � �S��� ��

!:.3*0@)

)C57 D45> BEPA �6 ; ;; ; �

� ;7 +45> <O7 � � ��S� � ��7�65;B >1;;5;1=� � ;7

7

� � ��S��� ��

�� ;7 � � ��S �� ��

)C57 =54 BEPA �6 ; 2 �

� ;7 +45> <O7 � � ���S��� ��7�65;B 2?E� � ;7

7

� � ��S� � ��

�� ;7 � � ��S��� ��

)E9>569<5C ��� 7 (9BC �D>9E5AB1<2A145@1>45

�� � ���S��� ��

�<PB;5BC57 =175A � ;7 +45> <O7 � � ��S� � ��7 7

� ;7

7

� � ��S��� ��

�� ;7 � � ��S �� ��

�1=2DA75AAG7 =54 25> � ;7 $54 <O7 � � � �S��� ��

)C51;B ��3=�CG;;5 (9BC �D>9E5AB1<2A145@1>45

�� � � ��

)E9>5=541<:?>5A��3=�CG;;5

(9BC �D>9E5AB1<2A145@1>45

�� � � �

�&22*0@)

#1==5AG7 =54 25> � ;7 +45> <O7 � � ��S� � ��

#1==5;R<<5 D45> 25>=549D=

� ;7 +45> <O7 � � ��S �� �

Page 83: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�@) ".1'*6*)A3.3,78.).�2.3988*6

"*25*6&896. °�� ,6.1186.3

�:3A+9308.43

.11*".1'*-@6 4,+&)*

$?,8

$.1)8

�GA5AG7 =54 25> � ;7 +45> <O7 � � ���S��� ��

(O4GA;R<<5 D45> 25> � ;7 +45> <O7 � � ���S��� ��

,9<4BE9>5BC57 � ;7 +45> <O7 � � ��S��� ��

�:?AC5BC57 � ;7 +45> <O7 � � ��S��� ��

"1>9> � ;7 +45> <O7 � � ���S��� ��

�46146*3 -&6* ��� 7;R4

+45> <O7 @O A9BC � ��S��� ��

�@17*6 (9BC �D>9E5AB1<2A145@1>45

�� � � �

-O6C0=68E4;B4A=4 8 C014;;4= 6O;34A 5>A 594A:AO D34=5G;3 34A 4A 69>AC 8 BC0=3 C8; BC46=8=6�

*OC D=8E4AB0;1A034?0=34= 8=3 8�A8;;4 � 7E8B �4 6A8;;4A38A4:C4 ?N A8BC4=� 4A >?B0<;4B B05C4= 5A0 :P34C BN>E=4= 8::4 1;8E4A BN B=0EB4C�

(A8: B<N 7D;;4A 8 B:8=34C D=34A E8=64A=4 ?N 6OB >6O=34A BN 543C4C :0= ;P14 05�

$O6 5PABC 74;C 594A:AO <43 1AGBCB834= =4303 ?NA8BC4=� -4=3 45C4A � 05 34= 0=68E=4 C83�

-4=3 BC464 B>< 5�4:B� :0;:D=AD;;4BC46 4;;4A:0;:D=1AGBC 45C4A 70;E34;4= 05 34= 0=68E=4 C83�-4=3 594A:AOBCG::4A 45C4A � 05 C834=�

�94A:AO 1;8E4A BOA;86C 1AD=C >6 B?AP3C 7E8B <0=?4=B;4A 34C <43 B<PA B0;CE0=3 4;;4A 0??4;B8=B05C 74=<>3 B;DC=8=64= 05 BC464C834=�

�/*606?

Page 84: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�/*606? $?,8 ".1'*-@6 4,+&)*

.11* �:3A+9308.43

"*25*6&896. °�� ,6.1186.3

".1'*6*)A3.3,78.).�2.3988*6

"G<<9>7 85< � ;7 (9BC � � ���S��� ��S��

'?D<1A4 85< � ;7 (9BC � � � �S��� ��S��

"G<<9>75A 81<E5 8E5A @O ����7 (9BC � � ���S��� ��S��

"G<<9>75BCG;;5A 8E5A @O ���7 (9BC � � � �S��� ��S��

"G<<9>75BCG;;5A 8E5A @O ����7 (9BC � � � �S��� ��S��

"G<<9>752AGBC 8E5A @O ����7 (9BC � � � ��S��

�>4 85< �� ;7 (9BC � � ��S��� ��S �

�>452AGBC 8E5A @O ����7 (9BC � � ���S��� ��S��

�OB 85< ��S��;7 (9BC � � ��S �� ��S ��

�OB5<OA 8E5A @O ����7 (9BC � � ���S��� ��S��

#9<<5 ;1<;D> 85< �� ;7 (9BC � � ��S��� ��S ��

"1<;D>AD<<5BC57 � ;7 +45> <O7 @O A9BC � ���S��� �S ��

"1<;D>2AGBC � ;7 $54 <O7 � � ��S� � ��S��

"1<;D><OA � ;7 (9BC � � ��S��� ��S �

-4=3 58B: 8 BCG::4A 45C4A � 05 6A8;;C834=�

�4C 4A 8::4 =P3E4=386C 0C E4=34 74;4 58B:� $O6 74;458B: 8=3 8 >E=4= 8 BEP<<4BC8;;8=6 <43 AG658==4= >?03�(;024A 4= :0AC>554; 7E>A 34= 4=4 B834 4A B:NA4C 05 4;;4A4C ;8;;4 >E=50BC 503 8 58B:4=B 1D6N1=8=6 BN 34= BCNABC018;C�

(;024A D=8E4AB0;1A034?0=34= 8�A8;;4 � 7E8B �4 6A8;;4A38A4:C4 ?N A8BC4=� 4A >?B0<;4B B05C4= 5A0 :P34C BN>E=4= 8::4 1;8E4A BN C8;B<D3B4C�

+8;BOC E43 30<?=8=6 =>6;4 B?8B4B:45D;34 EO34 C8;58B:458;4C4A�*PA6 5>A 0C 58B:458;4C4A 8::4 ;8664A >E4= ?N 78=0=34=�

�=68E4;B4A=4 8 C014;;4= 6O;34A 5>A D?0=4A4C 58B:�

�.70

Page 85: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�.70 $?,8 ".1'*-@6 4,+&)*

.11* �:3A+9308.43

"*25*6&896. °�� ,6.1186.3

".1'*6*)A3.3,78.).�2.3988*6

�9B; 85< 8E5A 31 ����7 (9BC � � � ��S��

� ;7 (9BC � � ���S��� ��S��

� ;7 (9BC � � ��S� � ��S��

�� ;7 $54 <O7 � � ��S� � ��S��

�9B;5;?C5<5C ��3= CG;

(9BC � � � ��S��

�9B;569<5C $54 <O7 � � � �S��� ��S��

)C575>B EP7C 5A 9;;5 1>79E5C 9C125<<5>

,P<7 1>79E5<B5A>5 BE1A5>45 C9< 45> >PBC<1E5BC5 EP7C ?76?A<P>7 C9<25A54>9>7BC945>

�E?A41> ;?>BC1C5A5B ?= BC575> 5A6PA497

�5>GC 5C BC575C5A=?=5C5A �6OB 9 B@5391<2DC9;;5A� 5<<5A @ARE =545> B;5 *AG; @O BC575> =54 5> B;5 �E9B BC575> 6R<5B 61BC 5A45> 6PA497 �9E5A BC575> 56C5A B;1< 45> C9<25A545B <94C <P>75A5

)C575> 5A 6?A =RA; ?7 BEPA5> 5AE9BB5 BC545A 2<5E5C 2A1>;5C

"?>CA?<<5A A9<<58R:45 ?7 C5=@5A1CDA

)C575> B5A 69> D4 =5> B;G5> 5A2A1>;5C

,P<7 >PBC5 71>7 5C =9>4A5 BC575614 5<<5A C9<BPC =5A5 EP45

)C575> B5A 69> D4 =5> B;G5> 5A 6?A<GB ?7 E1>45C

,P<7 5C BCRAA5 BC575614 >PBC5 71>7 ?7 C9<BPC =9>4A5 EP45

�5A 41>>5B 41=@ >OA 45A 8P<45BEPB;5 @O BC575>

�5C 5A 6GB9B; 25C9>75C ?7 >?A=1<C )CRABC545<5> 16 E1>441=@5><545B D4 75>>5= D4<D6C>9>75> ,1>441=@5> ;1> BPCC5 B976?AB945> 16 1@@1A1C5C 5<<5A @O ;R;;5>5<5=5>C5A>5 E54 B945> 16?7 4AG@@5 16 B?= ;?>45>BE1>4

!8*,*A 4, ,6.118.57

Page 86: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

$0=6C83BBC46=8=6 >6BN :0;34C;0EC4<?4A0CDARBC46=8=6 4A 34= 8344;;4C8;14A43=8=6B<4C>34 C8; 0;;4 5>A<4A 5>A B:OAC :P3 B><B:0; C8;14A434B <464C ?AO28BC B>< 5�4:B� A>B0BC46C�#P34C 14E0A4A 0; B05C4= >6 1;8E4A 1;P3C B>< B<PA��>A34; E43 34==4 <4C>34� �4 70A <464C 5A84 7O=34AE43 ?;0=;O6=8=64= 05 <4=D4= 5>A38 ;0=6C83BBC46C :P3:0= 7>;34B E0A<C ;O=64 D34= ?A>1;4<4A�

�=E4=3 ;0E4 5034 B>< 5�4:B� 4C B4AE4A8=6B503 05?>A24;O= 4;;4A 4C 6;0BBC464503 D34= ;N6�*C8; 5034=4 D34= ;N6 38A4:C4 ?N 6;0B:4A0<8::4=�

�� -O;6 >E=5D=:C8>=4= $0=6C83BBC46=8=6 �>6�8=3BC8;�4= C4<?4A0CDA <4;;4< � >6 � �I���>AE0A< >E=4= >6 >?E0A< B0<C8386 >6BN 5034C�

�� -0A< ;83C 543CBC>5 :A05C86C >? 8 4= ?0=34� �AD=:P34C 6>3C ?N 0;;4 B834A >6BN ?N 4=34A=4 >6 ;O634C BCA0:B 74A45C4A 8 34C 5>AE0A<434 503�

�� *OC 5034C <43 :P34C 8=3 8 >E=4= 864= >6 ;03 34C;0=6C83BBC464� -43 =OBC4= 0;;4 CG?4A :P3 4A � �I�34= >?C8<0;4 C4<?4A0CDA 5>A ;0=6BC83BBC46=8=6�

�AD6 :D= 5A8B: :P3 05 143BC4 :E0;8C4C� �94A=><7G664;86C B4=4A >6 543C:0=C4A� �43C D3E8:;4A 4=:A05C86 B<06 E43 ;0=6C83BBC46=8=6�

*4;E BCPAA4 BCG::4A :P3 B:0; 8::4 E4=34B�

#P34C :0= B:OA4B D3 D<8334;10AC 45C4A;0=6C83BBC46=8=64=� �4C 4A 8::4 =P3E4=386C 0C ;034:P34C 7E8;4�

(N 6AD=3 05 34==4 BOA;864 C8;14A43=8=6B<4C>34 1;8E4A:P34C A>B0� %4= 34C 14CG34A 8::4 0C 34C 4A ANC 4;;4A 5>A;83C 64==4<BC46C�

E8B �4 P=B:4A 0C ;0E4 4= B0D24 C8; :P34C B:0; :P34CC8;14A434B 8 4C 503 <43 ;N6� %4= EOA >?<OA:B>< ?N0C 34CC4 A43D24A4A C8;14A43=8=6BC834A=4�

�=E4=3 4C BC464C4A<><4C4A C8; :>=CA>; 05 >< :P34C 4A64==4<BC46C� �4A B:0; >?A4C7>;34B 4=:4A=4C4<?4A0CDA 8 :P34C ?N � �I� 8 <8=3BC� �<8=DCC4A�

�&3,8.)778*,3.3,

�,3*)* +&)*

!>)&3 ,@6 �*

".57 :*)6@6*3)*1&3,8.)778*,3.3,

Page 87: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�;;4 B:OA4 BCG::4A 594A:AO >:B4:P3 :0;E4:P3BE8=4:P3 >6 ;0<<4:P3 4A E4;46=4C C8;;0=6C83BBC46=8=6� +8;14A43=8=6BC834= E43;0=6C83BBC46=8=6 057O=64A 05 :P34CB CG::4;B4 >6:4A=4C4<?4A0CDA�

*8 $?,8 .11* �:3A+9308.43

"*25*6&A896 . °�

�693.3, .2.3988*6

�&3,8.)7A78*,3.3,. 8.2*6

�/*606?

"1<;D>2AGBC ����7 � � �� �S� �S�

�>452AGBC� ���S����7 � � �� �S� �S�J

�07*0@)

&;B5BC57 �65;B�3D<?CC5��S� 3= CG;

31 ��;7 � � �� �S� �JS�J

&;B569<5C 85< 31� ��;7 � � �� �S� �S�

(?1BC2556 �S� 3= CG; 31� ��;7 � � �� �S� �S�

&;B5BC51;B ��3=�CG;;5 � � �� �S� JS�

�&1:*0@)

"1<E5BC57 �S� 3= CG;�65;B�9>45A<OA�

31� ��;7 � � �� �S� �S�

"1<E569<5C 31�����7 � � �� �S� �S�J

!:.3*0@)

)C57 16 =175AC BE9>5;R4�65;B�=RA2A14� �S� 3= CG;

31� ��;7 � � �� �S� �S�

)E9>569<5C 85< 31�����7 � � �� �S� �JS�

�&22*0@)

#1==5AG769<5C 85< 31�����7 � � �� �S� JS�

� �AD> 1>452AGBC ;?AC @O @1>45> 56C5A <1>7C94BBC57>9>75> 6?A 1C 6O B;9>45C B@AR4C

"&'*1

Page 88: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�&3,8.)778*,8 0@) *6 .00* 7>:&628 742 043:*38.43*18 8.1'*6*)80@)�

,1A= 45A6?A C1<<5A;5>5A>5 ?7 B5AE5A B1D35> =575C E1A=BO�45C BC57C5 ;R4 9;;5 2<9E5A ;?<4C 6?A 8DAC97C

�* @370*6 &8 -41)* 1&3,8.)778*,80@) :&628�

)P>; C5=@5A1CDA5> C9< ���°� >OA <1>7C94BBC57>9>75> 5A6PA497 )=O ;R4BCG;;5A ;1> 8?<45B E1A=5 9 ?@ C9< ���=9>DCC5ABCRAA5 BCG;;5A 9 ?@ C9< ��C9=5A

+8;14A43=8=6BC834= 5>A 4= 6A0C8= 4;;4A COAC4 057O=64A05 5034CB BCPAA4;B4 >6 6A0C8=4=B�COAC4=B 7P934��=68E4;B4A=4 8 C014;;4= 4A :D= E49;434=34�

"?68*6�,6&8.3*6 ".1'*-@6 4, +&)* .11* �:3A+9308.43

"*25*6&896. °�

�&,*8.) .2.3988*6

*PAC5 BR4 *PAC56?A= @O A9BC � � ��S �� ��S��

)?D66<5 *PAC56?A= � � ��S �� ��S��

'?AC9?>B6?A=5 @O A9BC � ��S� � ��S��

'1BC1CPAC5 *PAC56?A= � � ��S��� ��S��

#1B17>5 *PAC56?A= � � ��S��� ��S��

"1AC?665<7A1C9> AO9 49 ; �

7A1C9>6?A= @O A9BC � ��S� � ��S��7 9>7A5495>B5A =1;B ��3=8R:

� 7A1C9>6?A=5 @O A9BC?7 7<1B;5A1=9;

��� � ��S �� ��S��

�A1C9>5A9>7 16 C?1BC � BC; (9BC � � � �S �

$O6 E43 >E=5D=:C8>=4= *?443�� 5OA386?A>3D:C4C38A4:C4 ?N 6;0B:4A0<8::4= 4;;4A ?N 4= 1064?;034�

�A0=350A4�$O6 0;3A86 1064?0?8A 38A4:C4 ?N 6;0B:4A0<8::4=�

-OA >?<OA:B>< ?N >< 1064?0?8A4C :0= CN;4 340=68E=4 C4<?4A0CDA4A =NA �4 ;O664A 1064?0?8A ?NC8;147PA4C� +8;?0B ?0?8A4C 45C4A A4CC4=B BCPAA4;B4�

".57 8.11&3,8.)778*,3.3,

"?68*� ,6&8.3� 84&78

�?6).,6*88*6

Page 89: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

)4BD;C0C4C 05 C8;14A43=8=64= 4A <464C 057O=686 05;4E=43B<83;4A=4� �4A :0= EOA4 C0;4 >< <8B50AE=8=64A>6 D9OE=7434A 0;;4A434 E43 34= DC8;14A43C4 E0A4��P;6 ?A>3D24=C4=B 0=E8B=8=64A ?N 4<10;;064=�

� � ��RE0A<;D5C C8; A8;;4 � >6 �� � *?443 C8; A8;;4 38A4:C4 ?N 6;0B:4A0<8::4=

*8 ".1'*-@6 .11* �:3A+9308.43

"*25*6&896. °�� ,6.1186.3

�&,*8.) .2.3988*6

�.<<&� );'+6477*3

'9HH1 =54 CG>4 2D>4 +45> � � ���S��� �S��G

� A9BC5 �� � ��S��� ��S��

'9HH1 =54 CG; 2D>4 +45> � � ���S��� �S��G

+>9E5AB1<2A145@1>45� 2175@<145

�� � ��S �� ��S��

'9HH1S217D5CC5 +45> � � ���S��� �S��

$9>9@9HH1 +45> � � ���S��� �S �

�.<<&� 041) (9BC � ��S��� �S��

�&684++*1564)908*6� );'+6478

'?==5B 6A9C5B� +45> � � ���S��� �S��

+>9E5AB1<2A145@1>45� 2175@<145

�� � ��S��� ��S��

"A?;5CC5A +45> � � ���S��� �S��

(QBC9 6G<4C5;1AC?665<;A?;5CC5A

+45> � � ���S��� �S��

�&,:?60� );'+6478

(D>4BCG;;5A 217D5CC5B�6?A217C5�

+45> � � ���S��� �S �

)1<C;A9>7<5A �6?A217C5� +45> � � ���S��� �S �

)1<C;A9>7<5A �D217C5� �175@<145 � � ���S��� �S��

�&,:?60� +46'&,8

&@E1A=545 2?<<5A 5<<5A2

�175@<145 � � ���S��� �S��@217D5CC5B +>9E5AB1<2A145@1>45

� 2175@<145 �� � ��S��� �S��

Page 90: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

*8 �&,*8.) .2.3988*6

"*25*6&896. °�� ,6.1186.3

�:3A+9308.43

.11*".1'*-@6

!8*,*6*88*6� );'+6478

�9B;5@9>45 +45> � � ���S��� �S �

"G<<9>75BC93;B S>D775CB +45> � � ���S��� �S��

!869)*1 �8;70 ?'1*6911*��);'+6478

+>9E5AB1<2A145@1>45 � � ��S� � ��S��

� �?A45<5B :PE>C ?7 9 5C <17

(N 34CC4 0??0A0C :0= 34A 8=3BC8;;4B C4<?4A0CDA4A 5A0� �C8; � �I�� *N;434B 1;8E4A 4= 2A4<4C G>67DAC E43� �I� ;864 BN E4;;G::4C B>< 4= ;D5C86 6OA349�

#>6 <O;:4= >? ��� � 543C� ;03 34= :P;4 05 C8; ���I�>6 APA G>67DAC4= 8� O;3 1;0=38=64= 8 :>??4A 4;;4AB<N 6;0B <43 B:AD4;N6 >6 BC8; 34< C8;3O::4C ?N6;0B:4A0<8::4=� +8;14A43 B>< 0=68E4C�

+8;14A43 6OA3494= B>< =>A<0;C� $O6 34= 8 4CE0A<414BC0=386C :4A0<8:503 >6 3O: 34= C8;��>AE0A<�>E=AD<<4C 8 �R� �<8=DCC4A� *;D: 5>A0??0A0C4C >6 BC8; 3494= C8; 7OE=8=6 ?N A8BC4=�

*8 �&)* 4, '*-41)*6* .11* �:3A+9308.43

"*25*6&896 . °� $&6.,-*)

/?78DAC )C9< ;?@@5A 5<<5A 7<1B=54�B;AD5<O7 @O7<1B;5A1=9;;5>

� � �� �S� C9=5A

�PE>9>7 167PA45:

)PC 5C E1A=525BC1>497C614 @O A9BC5>

� �?AE1A= C9< ���I�B<D; 6?A 1@@1A1C5C

)PC 7PA45:5> 9>4 9?E>AD==5C

�S � =9>

��S�� =9>

!5*(.*11* 6*88*6

%4,-968

�?:3.3, &+ ,?6)*/

Page 91: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

+06 5A>B=4 5P34E0A4A D3 05 4<10;;064= >6 BC8; 34< ?NA8BC4= 8 4C 46=4C 503�

�P;6 501A8:0=C4=B 0=E8B=8=64A ?N 4<10;;064=�

'?CP=8=6BC834A=4 057O=64A 05 5P34E0A4A=4B 0AC >6<O=634�

$O6 594A:AO <43 1AGBCB834= =4303 ?N 4= C0;;4A:4=�

*8 ".1'*-@6 .11* �:3A+9308.43

"*25*6&896 .�°�

!&68* +6478:&6*6�5;B ;175A =54 6<R45B;D= ;175A =54B=RA3A5=5 ;175A =54 38?;?<145S 5<<5ABD;;5A7<1BDA 6AD7C ?BE

(9BC �� I�

�3)6* );'+6478:&6*6"G<<9>7 @R<B5A ?7 ;R4 2AR4 ?7 AD>4BCG;;5A;175A ?7 1>45C 217EPA;

(9BC �� I�

-43 � �I� ;GB4A >E=;0<?4= 8::4� �4AE43 4A 34C <D;86C0C 5>A4C064 4= >?C8<0; 58=8=3BC8;;8=6�

�4 :0= 7>;34 A4CC4A E0A<4 4;;4A B<4;C4 27>:>;034B<PA 4;;4A 7DB1;0B ?N 6;0B:4A0<8::4= 8 34= N1=4 >E=�

-0A<7>;3=8=6 N14=�� 4A BOA;86 E4;46=4C C8;E0A<7>;3=8=6 05 A4CC4A 8 5034 <43 ;N6� �4= BE064E0A<4 <435PA4A 0C A4CC4A=4 8::4 1;8E4A >E4A>?7434C>6 0C 34 8::4 1;8E4A D3CPAA4C�

+8;14A43=8=6BC834A=4 057O=64A 05 5P34E0A4A=4B 0AC >6<O=634��4A <N 8::4 0=E4=34B 0;D5>;84 4;;4A :D=BCBC>514R7>;34A4 E43 B<4;C=8=6 05 ;4E=43B<83;4A� �4 B<4;C4A4;;4A :;O14A 50BC C8; ;4E=43B<83;4A=4�

[email protected],

".57

$&62-41)3.3,.�>'*3 4:3 4,72*183.3,

Page 92: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

'E=5D=:C8>=4= -0A<7>;3=8=6 N14=�� 70A 8=64=8=3BC8;;4;864 E0A<4CA8=� *;DCRC834= :0= 8::4 5>AB:G34B��4==4 >E=5D=:C8>= :0= :D= BC0AC4B =NA >E=4= 4AN14=� $85C5D=:C8>= 4A ;NBC D=34A 0=E4=34;B4= 05 34==4>E=5D=:C8>= >6 8 38B?;0G4C ;GB4A BG<1>;4C���

".1'*6*)3.3, �&)* .11* �:3+9308.43

$&62-41)3.3,E54 O25> ?E>

,1A=525BC1>497C 614 � �

!2*183.3, &+65;B 38?;?<145 B=RA 8DB2<1B

,1A=525BC1>497C 614 � �

�AD6 :D= 549;5A8 5AD6C >6 6AP=CB064A >6 E0B: 0;C6AD=386C�

$03 5AD6C�6AP=CB064A 3AG??4 6>3C 05 >6 CPA 34< 05�

*OC D=8E4AB0;1A034?0=34= 8=3 8 A8;;4 � >6 A8BC4= 8 A8;;4 ��$O6 1064R 4;;4A ?4A60<4=C?0?8A ?N D=8E4AB0;1A034R?0=34= >6 A8BC4=�

-4=3 <464C B05C86 5AD6C 4;;4A 6AP=CB064A 5;4A4 60=64��4 CPAA434 5AD6C4A 4;;4A 6AP=CB064A B:0; ;PB=4B 5A0?0?8A4C BCA0:B 45C4A CPAA8=64=�

*8 ".1'*-@6 .11* �:3A+9308.43

"*25*6&896. °�

".1'*6*)A3.3,78.) .8.2*6

����7 P2<5A9>75 +>9E5AB1<2A145@1>45� A9BC

�� � �� 31��

����7 @PA52O45 +>9E5AB1<2A145@1>45� A9BC

�� � �� 31��

��;7 BE5B;52<?==5A 5<<5A2<?==5A

+>9E5AB1<2A145@1>45� A9BC

�� � �� 31��S �

����7 ;R;;5>DAC5A A5>B545 +>9E5AB1<2A145@1>45� A9BC

�� � �� 31� J

�*2?60

"@66.3,

Page 93: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

�;0B >6 6D<<8A8=64 B:0; EOA4 A4=4 >6 74;4� �AD6 BNE83C <D;86C 6;0B 05 B0<<4 BCPAA4;B4� �=68E4;B4A=4 8C014;;4A=4 4A D3A46=4C 8 5>A7>;3 C8; AD=34 4=;8C4AB6;0B� '�*� �AD6 8::4 6;0B 34A 4A BCPAA4 4;;4A 7P94A4 4=3 34C�$N64=4 :0= B?A8=64�

�=E4=3 :D= 74;C 5A8B: 5AD6C >6 6AP=CB064A� -0B: 5AD6C>6 6AP=CB064A 6AD=386C�

�G;3 5AD6C 4;;4A 6AP=CB064A 8 6;0BB4=4� +PA 4EC�6;0BB4=4B :0=C4A 05 4=3=D 4=60=6� �4 B:0; EOA4 74;CA4=4� $O6 4= EN3 6D<<8A8=6 >6 4C ;N6 ?N 7E4AC 6;0B�$D: 6;0BB4=4 <43 :;4<<4A�

*C8; 8::4 <4A4 4=3 B4:B 6;0B 8=3 8 >E=4=�

�4 0=68E=4 C834A 8 C014;;4A=4 4A E49;434=34� �4 :0=?NE8A:4B 05 AD<C4<?4A0CDA4= 0=C0;;4C 05 6;0B B0<C 058=37>;34CB <O=634 >6 C4<?4A0CDA� !=34= �4 O=3A4A?N 8=3BC8;;8=64= 4;;4A B;D::4A B:0; �4 :>=CA>;;4A4 0C 34A30==4B A864;86C <43 ;D5C1>1;4A 8 6;0BB4=4�

�� O=6 D=8E4AB0;1A034?0=34= 8=3 8 A8;;4 ��*C8;�6;0BB4=4 BN 34 8::4 APA4A E43 78=0=34=�

�� O;3 J ;8C4A E0A<C E0=3 �20� � �I�� 8D=8E4AB0;1A034?0=34=�

�� $D: >E=4=�� !=3BC8; D=34AE0A<4 ��

� *C8; C4<?4A0CDA4= ?N �� C8; �� �I��

�� *C0AC 3A85C4=�

�5C4A 20� � R � <8=DCC4A 146G=34A B<N ;D5C1>1;4A 0C BC864 >? <43 :>AC <4;;4<AD<� *;D: 5>A >E=4=�

+06 6;0BB4=4 D3 05 >E=AD<<4C 45C4A �� C8; ��<8=DCC4AB 45C4AE0A<4� -43 4= ;O=64A4 05:P;8=6 8 >E=4=:0= 34A 30==4B 10:C4A84A >6 A8B8:>4= 5>A 0C 34=74=:>6C4 5AD6C BGA=4A 5>AP64B� *;D: 5>A >E=4=�

�*304,3.3,

�46'*6*)*17*

!>)&3 .3)78.11*6 �*

�*304,3.3, &+ +69,8

Page 94: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

�69,8 . *31.8*67,1&7 �+8*6 )&33*17* &+ '4'1*6 �+8*6:&62*

L2<5A (92B !?A42PA B<D; ?E>5> 31 �� =9>DCC5A

"9AB52PA �2A9;?B5A �5AB;5>5A )C9;;5<B2PA B<D; ?E>5> 31 �� =9>DCC5A

L2<5=?B 'PA5A �<?==5A B<D; ?E>5> 31 �� =9>DCC5A

*N B=0AC 34A BC864A B<N ;D5C1>1;4A >? 8 6;0BB4=4 B:0;�4 8=3BC8;;4 C4<?4A0CDAEO;64A4= C8;1064 C8; 20� �� C8;�� I� 45C4A 20� ���C8; � <8=DCC4A 057O=686 056AP=CB064A=4B 0AC� *;D: 34A45C4A 5>A >E=4= >6 1AD645C4AE0A<4=�

�6@387&,*6 2*) 041) 1&,* . *31.8*67,1&7 �+8*6 )&33*17* &+ '4'1*6 �+8*6:&62*

�7DA;5A S 31 �� =9>DCC5A

(R42545A 31 �� =9>DCC5A 31 �� =9>DCC5A

(?B5>;O< 31 �� =9>DCC5A 31 �� =9>DCC5A

�R>>5A "O<A129 (R4;O< 31 �� =9>DCC5A 31 �� =9>DCC5A

LAC5A 31 �� =9>DCC5A 31 �� =9>DCC5A

*C8; 8::4 34 E0A<4 6;0B ?N 4C :>;3C 4;;4A EN3C D=34A;06��4 :0= B?A8=64�

�06;1&2.) . 1*:3*)72.)1*6

�:AG;0<83 >?BCNA ?A8<OAC 8 :>A=R >6:0AC>554;?A>3D:C4A B>< 1;8E4A C8;14A43C E43 <464C 7P94C4<?4A0CDA4A� �4C 3A494A B86 5�4:B��>< :0AC>554;278?B?><<4B 5A8C4B C>0BC AD=3BCG::4A 1AP3 58=C 106EOA:�:8:B 7>==8=6:064A B?4:D;0C8DB��

".57 42 8.1'*6*)3.3, 2*) 1&:8 &06;1&2.).3)-41)

�*3*6*18 �?<4 C9<25A54>9>7BC945> BO ;?AC B?= =D<97C(5CC5A>5 =O 9;;5 2AD>5B 1<C 6?A ;A16C97C =5> B;1< EPA57G<45>2AD>5,54 BC57>9>7 41>>5B 45A =9>4A5 1;AG<1=94 9 BC?A5 BCG;;5A

�*304,3.3, &+ ,6@387&,*6

"&,* ,1&77*3* 9)

�:.10* 6*88*6 )6*/*6 )*8 7.,42�

Page 95: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

".57 42 8.1'*6*)3.3, 2*) 1&:8 &06;1&2.).3)-41)

�&,3.3, $54 ?E5AS�D>45AE1A=5 E54 =1;B ����I� =54 ��SE1A=<D6C5<<5A E1A=<D6C E54 =1;B ���I�

)=O;175A $54 ?E5AS�D>45AE1A=5 E54 =1;B ���I� =54 ��SE1A=<D6C5<<5A E1A=<D6C E54 =1;B ���I�L7 5<<5A P7752<?==5 6?A=9>4B;5A 41>>5<B5> 16 1;AG<1=94

'?==5B 6A9C5B 9 ?E> �?A45< 45= :PE>C ?7 9 5C <17 @O @<145> �17 =9>4BC ����7 @A@<145 BO 45 9;;5 CRAA5A D4

�6@:*6*88*6

�8BB4 C014;;4A 4A 1;4E4C 5A4<BC8;;4C C8; 1AD6 5>A 5>AB:4;;864?APE=8=6B8=BC8CDCC4A 5>A 0C ;4CC4 :>=CA>; >6 05C4BC=8=6 0534 5>AB:4;;864 0??0A0C4A�

! 74=7>;3 C8; �&�!�� � �� >6 �!& ������

L1;4COAC4 <43 ;N6�*OC B?A8=65>A<4=4 5>AB:D3C E43 B834= 05 78=0=34=�

*?A8=65>A<4 05 7E831;8:��064C834= :0= 1;8E4 �R� <8=DCC4A ;O=64A4� �>A<4:0= >6BN BC8;;4B 38A4:C4 ?N 6;0B:4A0<8::4=�

*8 ".1'*-@6 4, +&)* .11* �:3A+9308.43

"*25*6&896. °�

�&,*8.) .2.3988*6

)=O;175A B@AR:C545 �175@<145 � ��S �� ��S��7 @ :

�175@<145 �D>9E5AB1<2A145@1>45

�� � ��S �� ��S��

)=O;175A � BC; @A @<145

�175@<145 � � ��S �� ��S��

6?AE1A=>9>7 +>9E5AB1<2A145@1>45 �2175@<145

�� � ��S �� ��S��

,1>429B;D9C )@A9>76?A= @O A9BC � ��S �� ��S��

)@A9>76?A= @O A9BC � ��S �� ��S��

�&,3.3,

Page 96: 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 ... · 46 &8 )*8 70&1 :?6* 1.,* 7> ’*-&,*1.,8 &8 8.1’*6*)* 2&)*3 742 )*8 *6 &8 75.7* )*3 1pa ˝4 ;ob4 34==4

��

*8 �&,*8.) .2.3988*6

"*25*6&896. °�

�:3A+9308.43

.11*".1'*-@6 4, +&)*

"175 16 7PA45: +>9E5AB1<2A145@1>45 � � ��S �� ��S��7 7 :

+>9E5AB1<2A145@1>45 �2175@<145

�� � ��S �� ��S��

L2<5CPAC5 =54 <O7 (9BC � � B@A9>76?A=5 M����3=

� ��S� � ��S��

E8B �4 ;O664A <03E0A4A 38A4:C4 ?N A8BC4= B:0; �4>6BN BOCC4 D=8E4AB0;1A034?0=34= 8=3 ?N A8;;4�� 4A>?B0<;4B EO34= BN >E=4= 8::4 1;8E4A BN C8;B<D3B4C�

*8 ".1'*-@6 4, +&)* .11* �:3A+9308.43

�6.1186.3 ".1'*6*)A3.3,78.) .2.3988*6

(9BC>9>7 16 C?1BC6?AE1A=>9>7 9 ��=9>DCC5A

(9BC �D>9E5AB1<2A145@1>45

�� � � S�

�1=2DA75A2R665A ��BC;� D45>6?AE1A=>9>7

(9BC �D>9E5AB1<2A145@1>45

�� � � ��S��

� ,5>4 56C5A � 16 C945>

�6.13.3,