operativni sistemi novo.pdf

5 6 yy!#%'&)( #&)+- .

8!38-

-&,(

NOVI SAD, 2013.

C LMC\RHK[\R;>?OI> 9PF >BOI@B0OIJ 9PDPN JHWD;JN 0 CM41FIN 0kD;>?LK[6> 9;>B9PDPF~0Ki46N >B[ >B48> [kRP>C LMC

J6[H >BCE[6> 9P0E[\R;0Kiw46N;CM{LEF OQ0M[8>=OQ0 46N 0QLK@ RPFI[kRGFCM41FIN 0kD;>?LK[6> 9;>B9PDPF%0Ki{Hk0MC >e[60 > [6>

N;F9;0QLk0E[\RP0%C LK> 48N;CM

"!#!!$!#!$!$!!$!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!$!!$!#!$!#!#!$!#!#!#!$!

%&' ()+*,&.-/&10)+2)/35467)835&:9+*;!#!$!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!$!!$!#!$!!$! = 7&?)+&A@B35C,D9/30E4FGC,(IH/*,463KJL)/3M!!$!#!$!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!$!!ON.P

N QR@S*,T3VUW00XYH+H[Z[3\!$!#!$!!$!$!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!$!!$!#!^]

_ a`

35@,&b5ZcA@

`

35@,&d46 (

`

eUf00bXYH+H[Z[3g!#!$!!$!#!$!$!!$!#!$!!$!$!#!#!#!$!#!#!$!#!h].i

] jkA)l-/(* ` &3413 mH+A&n3oUW00XpH/H[ZR3a!!$!#!$!!$!#!$!!$!$!#!#!#!$!#!#!$!#!$!!$!#!$!$!!q t9lH+-+K36n3K-/5-/*B't3u!$!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!$!!$!#!$!!$!$! =` t9p0E*,)/3K-/7 &2vH/7Hl-8*,463v@B3F)+('5=535&t9+*"0)+C,*,H+A463M!#!$!#!$!!$!#!$!$!! =< P

> 7H+-/*,4FH/'wx0)+ C,*BH+#!#!#!#!$!#!#!$!#!$!!$!#!$!$!!$!#!$!!$!$!#!#!#!$!#!#!$!#!$!!$! N _

>`

t9p0E*,)/3K-/7 &2vH/7Hl-8*,463v@B3F)+('5=535&t9+*"n3K-85-/*,'t35413y!$!!$!$!#!#!#!$!#!

:_

>`

t9p0E*,)/3K-/7 &2vH/7Hl-8*,463v@B3F)+('5=535&t9+*")835&b4z4F*,46)+D9+4{!x!$!#!#!

i

=< >`

t9p0E*,)/3K-/7 &2vH/7Hl-8*,463v@B3F)+('5=535&t9+*"'5&w-/)+

`

*,)+A463|!}!$!#!#!#!$!$!!$!

q.i

N

>`

t9p0E*,)/3K-/7 &2vH/7Hl-8*,463v@B3F)+('5=535&t9+*"0)+C,*,H+)/4 !#!$!#!$!!$!#!$!$!

PP

:_ ~

)l-+53o0d*S-

`

9/3I!}!#!$!#!$!!$!#!$!$!!$!#!$!!$!$!#!#!#!$!#!#!$!#!$!!$!#!$!$!!$!#!$!^5

B> > LUKTVUWT ]^

"

vcp|

!$!#!$!!$!$!#!#!#!$!#!#!$!#!$!!$!#!$!$!!$!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!#!

lkTBl /q0MZ60MDP0MH+CM41FIN 0kD;>?LK[C~9;>B9PDPF%0 l

lkTVU C\R;0 Z60MDGCEDGFIHMF:l

lkTVUKTBl h@?C 0~Z60MDPCMDPF HEFal

lkT C\R;0)46N;C FI9;0:l

lkTKTBl dKD;0M[\RPF > 46N >?CMN >BDGFID548N;C FQ9;0:l

lkTKTVU h@?C 0$46N;C FI9;0eU

lkTKT C\R;0 [6>?D;>

lkT S dKDPN;J6HWDPJ6N 0jCM41FIN 0kD;>?LK[C~9;>B9PDPF%0

lkT S6TBl - CKZ6J8@1OI0~N JHMC Lk0E[\RPF 48N;C% FQ9GCEN;C

lkT S6TVU - CKZ6J8@1OI0~N JHMC Lk0E[\RPF HECE[ DPN;CE@?FIN >~0

lkT S6T - CKZ6J8@1OI0~N JHMC Lk0E[\RPF N 0EZ6[C $F$CEN > RGC

lkT S6T S - CKZ6J8@1OI0~N JHMC Lk0E[\RPFZ80kDPCMDPF Hk0~0

lkT S6T - CKZ6J8@1OI0~N JHMC Lk0E[\RPF 48N;C% FQ9P>~0

lkT S6T d@?C\RPF LK>BDP> CE4 FIN 0kD;>?LK[6>q9;> 9PDGF!

lkT S6T" d>B9PDPF%9PHW> 41CEOI>?LK>#$

lkT S6T% XG[ DGFIN 0kH > R;0~HMCMN >B9;[8>?Hk0>qCE41F N 0kD;>?LK[6C~9;> 9GDPF~0&

lkT >?D;0M[\R;0'&

( )

p*$}$o,+-*.,*p0/$oqp$1soqu32 n;oqu*z4+

!!#!$!#!$!!$!#!$!!$!$!#!$!!$!#!

65

UWTBl dKLMC\R;9PDPLk0$HECE[HKJ6NPFQ[ D;[6>+48N;CMN 0~0$jl

UWTVU N >$FIN >59PDPFIDP[8> 48N;F 48@ >?D;0M[\R;07 l

UWTVUKTBl )sJ6HMC Lk0M[kRGF41CMOQ>I> RPC HKJN 9PCEN;0$#l

UWTVUKTVU )sJ6HMC Lk0M[kRGF9;@?CE< CKZ8[6> %08$l

UWTVUKT )sJ6HMC Lk0M[kRGFHMCjJ6[8>?Hk0I>?CE[8> 46N;FI48@B>BDP0E[\R;0: l;

UWTKTBl - FQZ J89PCMB9PHK@ R;J3I>?LMC 9PD?D;>I[F 9PFIHI> RPF l%

UWTKT d>B[6N;CE[6>BOI0 > R;0:l%

UWTKT S f=DPC%9PHW> N;F E>BCE[6>>;jl%

UWTKT NPCE48J89;[6> Fa>q>B9PHK@ R;J3I>?LK> N;F >?CE[8> l&

UWT S C OIFI@ RP[6F C 9PCM [FaHECE[6HWJ6N;FI[ D;[6>+46N;CEN 0~0!'Uk]

UWT N;CMN 0~9PHK> RGFIOQ> > OI0~HMCE[6HKJN;FI[ D;[C%46N;CEN 0%>?N 0M[kRGF?; Uk]

UWT cLMCKZ'J HECE[6HWJ6N;FI[ D;[WJ BBCMDPF HKJHMCkRP0%>$4A@?F$FQ[ D;>?N 0jZ6F C $FQZ J8[60MNPCKZ8[C

9PD;0M[8Z60kN Z80%2"!%!AlEl6aUKl

UWTKTBl dK46N;FI0QLk0M[kRGF9PDPF D;[6> 46N;FI48@B>BDP0E[\R;046N >B@B>BHMC N J6HMC Lk0M[kRP0%9;@?CM

~0 46N;FI48@B>BDP0E[\R;046N >B@B>BHMC N J6HMC Lk0M[kRP0

HMCjJ8[6>?Hk0 >BCE[6>

LUWTVUWT^] >?L

UWTKT = CjJ8[6>?Hk0 >BCE[6> Hk0E[60M@ Hk0k480 >BDGFID;0hRPFIZ8[F 41CMN JHEF;{U

UWTKT S N;>$FINe9;>jJ6@B0 > RPF U&

UWTKT h9G4A0QLK@ RP>BLk0M[kRGFa[8>?D;>MU

UWTKT NPCE148>B9;0E[\R;0:

UWT" )s>BOI> > HMC [HKJN;FQ[ DP[6C%46N;CEN 0~>BN 0M[\R;0#eS U

UWT% >?D;0M[\R;0 %S

UWT& /q0MZ60 > hS

5

n *oqp*$nwu

n?zAu/p2 p

} r +-2 uQpsoqu

!!#!$!!$!$!#!$!!$!#!$!#!

WTBl dKF%0

CMN >4# S&

WTVU )s0MO~FI[80$41CMN J6Hk0jOI0E9;[C Lk0M[80%[80~F60E[6>?OjJ 9PF~0

CMN 0k]

WT ):F9PFI[kRGF46N;CE148>B9;0E[\R;041C~C * J 9PF%0

CMN 0!

WT >?D;0M[\R;0 &

v+{|$u /7/ rAr u

!}!!$!#!$!!$!$!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!#!$!!

STBl dK41FI>45I[C 9GD;>q>?OILMFQZ N;F E>BCE[6>>;8Kl

STBlMTVU =@B0E9;0 !;MU

STVU >?D;0M[\R;0

"

t;u*p#Wn{t;u*$n 2 p|~}$t n%$%&&('%)*)+Wu

!!#!#!#!$!$!!$!#!$!!$!$!#!,-

WTBl CKZFQ@B0$J8@B0kOQ[C >?OQ@B0kOQ[6> ~CKZ6J6@ 0.0/+/*132425 08

WTVU ghN 0 RGLEF N >qD;0E9PDP0MDPJ6N;F>1FIHWN 0M[807

WT /q[60kHEC LK[6> J6@ 0kO6 >?OI@ 0kO '&

WT S ghN 0 RGLEF NcZ8>B9PHk0-#<

WT 7=@?CEHMC LK9PHK> J6@B0MO8 >?OQ@B0MO?D;0M[\R;0 %k]

9

n;o .1}7+ t *u2 u:r1n *u;$

L LUWTVUKT ]^

-

$ 9PDGF~9PHK>+48N;C FQ9;0$#l S

l ]KTVU _cJ6@BDP>148N;C FQ9 al S

l ]KT {N;C FQ9:Z6J ECMN;C I[6>N;0E9P41CMN;FIZ >?Lk0~l S

l ]KT S {N;C FQ9;> >BZ6FI[ D;>46Hk0MDPCMN:>qHMCjJ6[6>BHk0kDPCMN$l S

l ]KT C\RP0,HWN >?48DGCMN 0'4MRGF -+l S%

l ]KT >?D;0M[kRP0'l S&

LUWTVUWT^] LK>

$

t;p5zp/+{oqu.1nPv *p$1 r n;r . +-2 u?wuo }spv=u*z4+

|$u.1p3. +{=u32 u

!$!!$!#!$!$!!$!#!$!!$!$!#!#!#!$!#!#!$!#!$!!$!#!$!$!!$!#!

#"

lMlkTBl /10MZ80I> 9;@?C\R;0OQ0$N JHEC Lk0M[\RPFZ60kDPCEDGFIHk0%0 +lKl

lMlkTVU =aC [ DP> [WJ60M@ [FaZ80kDPCMDPF HEF8lKl

lMlkT )s0M9;JDPFZ60MDGCEDGFIHMF%l

lMlkT S =aC [OQ>B9PDPFI[ D;[C 9PD:9;>B9PDPF~0$Z80kDPCMDPFIHk0~l

lMlkT 750

FIN 9PHK>q46N;CE9PDPCMN#+l

lMlkT gcFQ9PH N >B46DPCMNsZ60MDGCEDPF HMF sl

lMlkT" X ~FI[8> > 'l%

lMlkT% dK>B9PDPF~9PHMF CM41FIN 0I> RGF9;@?C\R;0OQ0~N J6HMC Lk0M[kRGFZ60kDPCEDGFIHk0%0! lMU

lMlkT& dW41F > R;0M@ [FhZ80kDPCMDPF HEF8l

lMlkTBlI] dKDP0E[6Z80kN Z6[8>AJ8@B0kO> 9PD;0M[6Z80kN Z6[8>1>?OI@ 0kO:l

lMlkTBlEl dK4809;0QLk0E[\RGFZ80kDPCMDPF Hk0 l%

lMlkTBlQU à9;[C Lk0~9P@BC\RP0$OI0%N JHEC Lk0M[\RPF Z80kDPCMDPFIHk0~0 el%

lMlkTBl; >?D;0M[\R;0 #l%

RGC9 l; Wl

lIUWTVU =aC [ DP> [WJ60M@ [6>1@?C > HW>0MZN;FQ9;[6>146N;C 9PDGCEN l; Wl

lIUWT dWF~FI[ D;>?N 0M[8>q@?C > HK> 0MZN;FQ9;[6>146N;C 9PDGCEN#al; Wl

lIUWT S dWDPN 0M[8> [8>q@?C > HK> 0MZN;FQ9;[6> 46N;C 9GDPCEN l; kU

lIUWT dWDPN 0M[8> [6C~9PF $FQ[ DP>BN 0M[6> @BC > HK> 0EZN;FI9;[8>146N;CE9PDPCMN4:l; kU

lIUWT `hZ8[C 9548N;C% FI9;0%>q@?CE> HMC+0MZ6N;FI9;[6C$48N;CE9PDPCMN 0$l;

lIUWT" s41CMDPN;F [WJ60M@ [C3@?C > HEC0MZ6N;FI9;[C~48NPC 9PDGCEN 0' l;

lIUWT% s41CMDPN;F ?N 0M[C3@BC > HEC0MZN;FQ9;[C%46N;C 9GDPCEN;0 #3l;

lIUWT& s41CMDPN;F I[C3@BCE> HMC30EZN;FQ9;[C%46N;CE9PDPCMN 03l; S

lIUWTBlI] c4 CEDGN;FII[C%9PF~FI[ D;>?N 0M[6C3@?C > HEC0MZN;FQ9;[C~46N;C 9PDGCEN 0$l;

lIUWTBlEl /q0MZ60 >q9;@?CkRP0~OI0~N JHMC Lk0E[\RPF 48OI> HMC,N 0MZ8[C $F$CEN > RPC l;

lIUWTBlQU )s0E9P4 CKZ6FI@ 0 46OQ> HEF N 0EZ6[F,$F$CEN > RGF ZFQ[I> RP0j9;@BCM HEF N 0EZ6[F,$F$CEN > RGF%l;

lIUWTBl S ghCKZFI@ 0 46OQ> HK> 9PDPN;0E[6>I0$48N;C FQ9;>~0 l; &

lIUWTBl; à9;@?CE HK> 9PDGN 0E[6>I046N;C FI9;0$l%k]

lIUWTBl; X $4A@?F~FI[ D;0I> R;0J48N 0QLW@ RP0E[\R;0jLK>?N;DPJ6FI@ [C $F$CEN;> RGC@#l%

lIUWTBl# à9;[C Lk0~9P@BC\RP0$OI0%N JHEC Lk0M[\RPFaLK>BNPD;J6FI@B[6C ~F~CMN > RPC#l%\S

lIUWTBl;% >?D;0M[\R;0 #l%\S

LK>B> LUWTVUKT ]^

65


sp*8. oqpct +{o n 2 u

!#!$!!$!#!$!$!!$!#!$!!$!$!#!#!#!$!#!#!#!$!$!!$!#!$!!$!

>-

lWTBl CWZ6FI@ 0$J6@B0MOI[8>+> >?OQ@B0MOI[8>+JN;FQZ 0\RP0~N 0% J8[60kN 0$jl%

lWTVU gcN 0 RPLMFIN >? l%

lWT gcN 0 RPLMFIN >q'J6N;FIZ 0 RP0 l%&

lWT S 75@BCMHMC LK9PHK>>1OQ[60MHMC LK[6>J6N;FIZ 0 R;>qHk0kC39P41FI> R;0M@B[6FhZ60kDPCEDGFIHMF6jl&MU

lWT gcN 0 RPLMFIN >qOI[80kHECQLK[8> J6N;FIZ 0 R;0al&

lWT gcN 0 RPLMFINc9;0kD;0 l&

lWT" )sJHECQLk0E[\RPF D;0M< FQ@?C46N;FIHK>BZ606;hl&

lWT% `h9;[6C Lk0~9;@?CkRP0OQ0$N J6HMC Lk0M[kRGFHMC [ DGN;C @?F N >~0sl&

lWT& >?D;0M[kRP0'l&


/oqp

+{r psoqp2

!#!$!$!!$!#!$!!$!$!#!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!$!!$!

l STBl )s0M9P41CMN;FQZ >?Lk0M[kRGF3~l&&

l STVU >?D;0M[kRP0%Uk]l

#"

m o . v=u/+ .qt?z8u

!!$!#!$!!$!$!#!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!$!!$!#!$!

( 5

lWTBl c9;@?C LK>qOQ0$41C\R;0QLKJ $N;DPLMF41F D;@ RPF# Uk]

lWTVU 7N;FID;>?N 0M[\RPF,$N;DPLMF41F D;@ RPF-#cUk]kS

lWT >?D;0M[kRP0%Uk]

)

p2}7*~n;5u

n?z8u rAup/+{oqu.qnPv *~n 2 r n;r . +-2 p2

!$!#!#!$!

(

-

lWTBl {N;CEN 0~9PHK> [8>?LMC~HMCjJ8[6>?Hk0 > RGF9;0CM41FIN 0kD;>?LK[6>9;>B9PDPF~C Uk]

lWTVU XY[ DPF N 0MHWDP>BLW[8>q[6>?LEC$HECjJ6[8>?Hk0I> RPF 9;0~CM41F N 0MDP>BLK[6> 9;>B9PDPF$CUk]

lKTVUWTBl /1[60MHMC LK[6>qHEC%0M[6Z8[6> RPF OQ>I> hUk]%

lKTVUWTVU

N 045 HK>HMC%0M[8Z6[6> RPFIOI>I> UKl

lWT >?D;0M[kRP0%UKl

-

)

t;uer1n~=u

n?zAu p/+{oqu.1nPv *$n r1n;r . +-2 u

!!$!#!#!#!$!#!#!$!#!$!

(#"

l; TBl =aN >BDGFIN > R;J HK@B0E9;>46Hk0 > RPFcCE4 FIN 0kD;>?LK[6> 9;>B9PDPF%0 #UKl

l; TVU `c41FIN 0kD;>?LK[6>19;>B9PDPF~>1N;FQ0M@B[6C$LWN;F$FQ[60UKl

l; T - J8@?D;>?46N;C FI9PCEN 9GHK> CE4 FIN 0kD;>?LK[6>q9;> 9PDGF~> 'UKl

l; T S gh>B9PDPN >??N 0M[8>6CE41F N 0kD;>?LK[8>q9;>B9PDPF%>>UKl

l; WT STBl CEOI>BL J6Z60E@ RPFI[6FhCM41FIN 0 > RGF$UKl%

l; WT STVU {N;CM141CMOQ>?Lk0$J8Z60M@ RGFQ[FaCM41F N 0 > RPF#$UKl&

l; WT ST )s0kO$FQ[60%41CMN JHk0; UMUKl

l; WT ST S {N;CM1N 0kO$FQ[F41CMN JHk0eUMUMU

l; WT ST )s0kOQ@B>?Hk0$HW@ > RPFI[80kD;0$> 9PFIN;LMF N 0 UMU\S

l; WT ST CEOI>BL+CM41F N 0 > RGFJ6Z60E@ RPFI[6C$CE

LUKTVUWT^] LK>B>B>

l; WT ST% )s0M9P41CMN;FQZ >BLk0M[kRGF 46N;C FQ9;0$J'Z8>B9PDPN >??N 0M[CN;0 J8[60kN 9PHEC)9;> 9PDGFjJ

:UMU

l; WT ST& gh>B9PDPN >??N 0M[80j9;>B[6N;CE[6>BOI0 > R;03 sUMU

l; WT STBlI] dKLMC\R;9PDPLk0~Z6> 9PDGN >??N 0E[CN 0IJ6[80kN 9PHMC39;>B9PDPF~06eUMU%

l; WT STBlEl X $4A@?F~FI[ D;0I> R;0$Z8>B9PDGN >BBN;0E[CCE41F N 0kD;>?LK[6C~9;> 9GDPF~0''UMU%

l; T >?D;0M[kRP0%UMU&

>

u=oqu:t + t *p /oqp$1soqu2 n;oqu*z4+

!$!#!#!$!#!$!!$!#!$!$!!$!#!$!!$!$!

(35

l%WTBl 2=>B@ R4A0kN 0M@BFI@B[6C~46N;CEN;0~>BN;0E[\R;0#UKl

l%WTVU 0kN 0M@?FQ@B[6C$46N;CMN 0%>?N 0M[kRGFaOI0M9;[6C Lk0M[C[60$N 0kO$FQ[6>q41CMN J6Hk06#=UKl

l%KTVUWTBl 0MN 0M@?FQ@B[6C~9;J%>?N 0M[kRGFa[8>?OQ0B9;0MC$480MN;0E@?FQ@B[C$9;J%>?N 0M[\R;0[8>?OI0$?Hk0I>?C [60jCE9;[6C Lk0$480MN 0M@?FQ@B[6C~9;J~>?N 0E[\R;0[6>?OQ0j?OQ0j?N 0M[kRGF U

l;%WTVUKTVUWTBl /10~>B9;0MC$480MN;0E@?FQ@B[C$9PCMN;D;>?N 0M[kRP0''U

l;%WTVUKTVUWTVU = CjJ6[8>?Hk0I>?C [60jCE9;[6C Lk0$480MN 0M@?FQ@B[6C~9PCENPD;>?N 0E[\R;0jU

l;%WTVUKTVUWT X OILMFQZ?N 0E[\RP0#U%

l%KTVUWT 0MN 0M@?FQ@B[6C ~[6C OIFI[\RPF ~0MDGN > 06eU\S6l

l;%WTVUKTWTBl /10~>B9;0MC$480MN;0E@?FQ@B[C~[6C O FQ[\R;0 ~0kDPN >I0cU\S6l

l;%WTVUKTWTVU = CjJ6[8>?Hk0I>?C [60jCE9;[6C Lk0$480MN 0M@?FQ@B[6C %[C OIFI[kRP0 ~0MDPN > 0'U\S U

l;%WTVUKTWT X OILMFQZ 0 U\S

l%KTVUWT S 0MN 0M@?FQ@B[6C~>?OQZLk0 R;0M[kRGF HMC [ D;JN;F$U\S%

l;%WTVUKT STBl /10~>B9;0MC$480MN;0E@?FQ@B[C$>?OQZLk0 R;0M[kRP0HECE[ D;JN;F%U\S%

l;%WTVUKT STVU = CjJ6[8>?Hk0I>?C [60jCE9;[6C Lk0$480MN 0M@?FQ@B[6C~>BOIZLM0 RP0E[\R;0HMC [ DPJ6N;F-sUk]

l;%WTVUKT ST X OILMFQZ?OQZLk0 R;0M[kRP0$HMCE[ D;JN;F:Uk]

l%KTVUWT 0MN 0M@?FQ@B[6C$CKZN;FQZ >BLk0M[\RPFa[80 RGHWN 0 *I> $FQZ J89PCM+J6Z80M@ RPFQ[CE9PD;> LECMN;C Lk0

J69$$FIN;FI[6CEN 0

0-UMU

l;%WTVUKTWTBl /10~>B9;0MC$480MN;0E@?FQ@B[CCKZN;FQZ >?LM0M[\R;0[60\RGHWN 0 *I> ~FIZ J89GCE

J6Z80M@ RPFQ[CE9PD;> LMCMN;C Lk0J69$~F N;FQ[C MN 0

0+UMU

l;%WTVUKTWTVU = CjJ6[8>?Hk0I>?C [60jCE9;[6C Lk0$480MN 0M@?FQ@B[6C$CKZ6NPFQZ >?Lk0M[kRP0$[80 RPHWN;0 * >

$FQZ J69PCE3J8Z60M@ RGFQ[C 9PDP> LMCENPC Lk0J89 ~FINPFQ[CMN 0

0=U\S

l;%WTVUKTWT X OILMFQZBLk0M[kRP0[80 RGHWN 0 *I> ~FQZ J89PCM

J6Z80M@ RPFQ[CE9PD;> LMCMN;C Lk0J69$~F N;FQ[C MN 0

0+U

l%KTVUWT 0MN 0M@?FQ@B[6C~>?OIN 0 J8[60QLk0M[kRGF41C LWN 9P> [F>B9P41CWZ41C @BJHWN J 0 {UKl

l;%WTVUKTWTBl /10~>B9;0MC$480MN;0E@?FQ@B[C$>?OIN 0% J8[60QLk0M[kRP0%41C LWN 9;>B[6F > 9G41CKZ41CE@ JHWN J 0

cUKl

l;%WTVUKTWTVU = CjJ6[8>?Hk0I>?C [60jCE9;[6C Lk0$480MN 0M@?FQ@B[6C~>BO N 0IJ6[80ILk0E[\R;0~41C LWN 9;>B[F

>B9P41CKZ41CE@BJ6HWN J E0;hUMU

l;%WTVUKTWT X OILMFQZ?OIN 0IJ6[60QLk0E[\R;0~41C LWN 9P> [Fa> 9P4 CKZ41CE@ JHWN J 0

cU\S

l%WT /10MZ80I> hU&

> LUWTVUKT ]^

n . +{oqu.1}$oqu

!!#!#!$!$!!$!#!$!!$!$!#!$!!$!#!$!!$!$!#!#!#!$!#!#!$!#!$!!$!

(

-

o n t;p$1

*| +{ r /pz 2 pv=u

!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!#!$!!$!

(

-

5

o n t;p$1

*| +{ r n vcpso*$n |~u6.1p3. +{=u

!!#!$!!$!#!$!$!!$!#!$!

(

- -

o n t;p$1

*| +{ rt;uerAu3p(az4+{5u. usp*r . u*8.1n n }7*$

n?zAu

!$!$!!$!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!

(

-

o n t;p$1

*| +{ rr1t n;=u

!!$!#!$!!$!#!$!#!#!$!#!#!#!$!$!!$!#!$!!$!$!#!

(

>

l LUKTVUWT^]

@ 0QLk0'lsLECKZ

u=|~u6.1u=yp/+{oqu6.qnPv *p$1 r1n;r . +-2 u

`h4 FIN 0kD;>?LK[8> 9;> 9PDGF RPF=48N;CEN;0*HEC\R;>KCMB[\R;J\RPF5J~9PHW@ 0MZ6[WJ FQ@B>B[WJN 0MOI[CEN;CKZ6[FeZFQ@?C LMF

N 0IJ6[60MN 0 >{9;0kHWN >?LM0+CKZ HMCMN > 9P[8>?Hk0+C [F%Z6F D;0M@ RGF

J8[H >?C [6>B9;0E[\R;0CQLK> ZFQ@?C Lk0 HMCkRP> [8>B9;J

BDP[8>wOI0 HMCEN > 9* FQ[\RGF'N 0% J8[60kN 0T /1[60 > i CE4 FIN 0kD;>?LK[8> 9;>B9PDGF >~0 ZLMC 9PDGN J6HWJ J6@BCEJ T d

RPFIZ8[F 9PDPN 0M[FEi C [ J46N 0QLK@ R;09;0M9PD;0QLW[8> ZFQ@?C LK>%0 N 0% J8[60kN 0iHk0MC 9PDGC 9;J 48N;C FQ9PCMNQi

HMC [ DGN;C @?F N >K> N 0EZ6[60 ~F~CMN > R;0KiM9;0(I>B@ RPFZ60:CE[8> B9$CKZ8[6> RPF{J41CMDPN;F T d

ZN JMF:9PDGN 0E[FEiECM41FIN 0kD;>?LK[6>K9;>B9PDPF 9PDPLk0kN 0 OI0 HWN 0 R;[\RPF HMCMN >B9;[8>?Hk0cN 0 J6[80kN 0 46N >B9PD;J4A0 [6C

N 0MZ8[CsCMHWN J3OIFI[kRGFEiMD;0kHEC,9PDGCh46N;F DPLk0MN 0sN 0% J8[60kN CKZ ~09P> [FHEC\R;0sN JHKJ\RPF{?D;>%0Ki %0

>q~0$J ~09;>B[WJ'HMC\R;0$N J6HWJkRGF "!#KT

(

pz8u2 |$u.1p3. +{$+

C\RP0 Z60MDGCEDPF HEF,CMBwZ60MDPCMDPF HEF 9GF J6Lk0 R;J J-"!).*#*,

)/)0 T

13254627198;:=@?BAC?ED B9PD;J4 C LK> 41CKZ60I>%0

9PF%9PLECKZ6>{[60 I>?D;0M[kRGF>w48> 9P0E[\RPF~9;0MZ6NOQ0 R;0 Z80kDPCMDPF Hk0T {N;F I>?D;0M[\R;0'> @B> 48>B9;0E[\R;0+9P0EZNOI0\RP0

Z60MDGCEDPF HEFMi 41CMDPN;F ?D;> 46N >B9PD;J4,41CKZ80I>~0>?OZ60MDGCEDPF HEF [80 46N >~F NQi

46N;FI?D;>cZ6FI9PHWN >?48DGCENZ80kDPCMDPFIHMF >?O %0M9PC LK[F $F$CEN > RGF J N 0EZ6[WJ ~F~CMN > R;J T/10MDGC

>BDP0E[\R;J >~4A>B9;0M[kRPJ 9P0EZNOI0\RP0Z80kDPCMDPF HEF CE%[\RPFI[6C CEDGLk0MN 0M[\RPFEi3N 0EZ6>

46N >B46N;F~FhOQ0 DPF Lk0E[C+48N >B9PD;J480j41CKZ80 >~0T X OQ0 I>?D;0M[\R;0%> 48>B9;0E[\R;0$9;0MZ6NOQ0 R;0Z60kDPCMDPFIHMF

CM [kRGFQ[C)OI0MDGLk0MN 0M[\RPF [80,48N >$FINQi N 0MZ8> 46N;FI?Lk0E[\RP041CWZ80kD;0kHk0 >

ZFQ9PHWN >?46DPCMN 0Z60MDGCEDPF HMF>?OsN 0MZ8[F(~F~CMN > RPFcJ ~0M9PC LK[WJ $F$CEN > R;J T 7:>~Fs9GFa9P0 J6Lk0 RPJ

0kDPN >?> 9;0MZNOQ0 RaZ60MDGCEDPF HMF%> JkRGFQZ6[6C%C [F$C J *I> 48N >B9PD;J480E[\RPF [kRGFQ[6>)41CKZ60I>%0%Z6C

[\RPFQ[C%[C LMC3CEDGLM0kN 0M[kRP0T

5

pz8u2 /oqp

+{r u

C\RP0 48NPC FI9;0+CEP)*#+,346N;C FQ9;0KT~fcH D;>?LK[6CE9PDa48N;C FQ9;0

CKZ EC Lk0kN 0 0M[ 0O C Lk0E[\R;J 48N;C FQ9PCMN 0 [60 >BO LWN 9;0QLk0M[\R;J HECMN >B9;[8> HEC 46N;CEN 0~0T dK@ >?Hk0

46N;C FI9;0+CE 46N;C 9PDGCEN 48N;C% FQ9;0'9;0 [60MNPFQZ?OIL N 9;0QLk0M[6C 46N;CEN;0~0i

9PDPF HEC">541CWZ80I>~0 HEC\RP>e9PF CM?OILWN 9;0QLk0E[\R;0 46N;CEN;0~0T 0kDPN >?~F NQi 9PDP0E[\RPFs46N;C FQ9;0j>8[kRGFMC L%46N >?CMN >BDGFIDIT f=DGN >B846N;C FQ9;09GF

J6Lk0 R;J JQK!7.*#*,Q* RK!KT

@B0QLk0'lsLMCKZ LUWTVUKT^] U

132 271 D?0G

&

?48> [609PD;0M[kRP048NPC FI9;0+9;J )#LKM?i#% > !"M?T {N;C FQ9 RPF$0MH D;>?Lk0E[ Hk0MZ80

46N;C FI9PCEN5>?OILWN 9;0QLk0j48N;CMN 0 T`h[ F Hk0jHk0EZ60[6> 9PJ3>B9P4AJ6[\RPFI[8>[FICM4 CKZ6[8>46N;FQZ6J89P@BC LK>OI0

CM?OILWN 9;0QLk0E[\RPF 48N;CMN 0~0KT

`hZ 48N;>BCMN >?DPFIDP0 46N;C FQ9;0 OQ0QLW> 9;>jHk0MZ80 * F9P46N;F~0E[46N;C FI9 Z60 4 C 9PDP0E[F 0kHWD;>?Lk0E[qT

CKZN 0kOQJ~F Lk0 9PF Z60%RPF'0kHWD;>?Lk0E[ J6LMFIH 46N;C FI9~9P0 [80 RGLK> 9;> 48N >?CMN >?DPFIDGC i1R;0M9;[C 41CKZ

46N;FIDP4 C 9PDP0QLWHEC Z8039PFN 0MO%0kDPN 0RGFQZ6[6CM46N;C FI9PCEN 9GHK> N 0 J8[60MN 9;0RGFQZ6[8> 46N;C FQ9PCMN;C

[60$FQ[\RPFI[8>OQ0>?O LWN 9;0QLk0M[kRGFHMCEN >B9;[6> HK> 46N;CEN;0~0 T:fsHMC41CE9PDPC\R;>[6F HECE@B>?HEC%48N;C FQ9;0

[60\RGLK> 9PF >B9PDPC 46N >?CEN;>BDPF D;0KiD;0MZ80 RPF ?D;[60 N 0ILK[6C~F N [60 N 0M9P41CKZFQ@B0 48N;C% FQ9GCEN 9PHMC

LWN;F~FI[80 >?O$FQZ J [\R;> T `a[60 9PF 41CE9PD;> O F0kHEC 0MHWDP>BLK[6>j46N;C FI9 46N;FI48J 9PD;0 46N;C FQ9PCMN

9P46N;F~[6C48N;C% FQ9PJ)>B9PDPC [80 RPLW> 9GF 48N >?CMN >BDGFID;0 > >B9PDPFIHW[6F J8[60M46N;FIZCWZ6N;FIZ FQ[6>

LWN;F~FI[89PHW>~>B[ DPF N;Lk0E@ T `hLk0 R >B[ DPF N;Lk0E@$9PF[60kOQ>?Lk0 LKM., T 7N;FQ[WJDPHMF

>B9PD;>I0M[\R;0aH Lk0E[ DPJ~0 CMOQ[60I0QLk0 R;J46N;FIHW> Z6>K9;0kD;0KT`h$46N;FIHK>BZ60a9;0kD;0>?OI0MOI>BLk0

46N;FILMC Z FQ[\RPF=0MHWDP>BLW[6Cc48N;C% FQ9P0aJj9PDP0E[\RPF^9P48N;F%0M[k> 46N;FIHK@ R;J2 >BLk0M[\RPF 48NPC FI9PCEN 0h[60sC [60 R

CKZCE9PD;0M@B> 9P48NPF~[8>a46N;C FQ9;0s[60 RPLK> 9PF s48N >?CMN >?DPFIDP0=HMCkRP>IRPF [60 R;Z6J3OIFJ9PD;0M[\R;J^9P46N;F~0M[?T

{N >1DPC~F0MHWDP>BLW>BN 0M[6>148N;C FQ9=48N;FI@ 0kOI> >?O 9PD;0M[kRP0 9^P46N;F~0M[6J 9PD;0M[\RPF!V0kHWD;>?Lk0M[?T

fsHWDP>BLk0M[48N;C% FQ9w46N;FI@ 0kOQ>J~9PD;0M[kRGF" FIHk0WHk0MZ80a41C 9PDP0E[F:[F$CEJ *:[60E9PDP0QLk0MH~[\RPF EC LMF

0kHWD;>?LK[C 9PD;> T `h[[60E9GD;0QLK@ R;0 0kHWD;>?LK[C 9GD DGFIH 41C 46N;FQ9GD;0E[HKJ*Lk0O FQ[\R;0Z60MDGC N;0MOI@BCE0

FIHk0M[kRP0T=0MZ60~9GFDPC%Z6FI9;> iK48N;C% FQ9e>BO 9PD;0M[\R;0 FIHk0 46N;FI@ 0kOQ>qJ'9PD;0M[\RPF!V9G48N;F%0M[?T

-'C J * F>BO~FI[6F 9PD;0M[kRP0~46N;C FQ9;0$48N;>BHk0kOQJ\RPFa9;@B>?Hk0%dK@B>BHk0+lkTBl T

dK@B>?Hk0lMTBl - C J * > 46N;FQ@B0kOQ>q9PD;0M[\R;0$48N;C FQ9;0

132 2 48;:=@?

&

< G

)

?

{N;C FI9;>WC~C J* JkRPJ~B9PHECMN > 9* FQ[\RPF=N 0 J6[80kN 0 48N;C FQ9PCMN 0 >K[\RPFMC LKJ R;J

[60~ZF9;0QLk0E[\RPFLk0E[\R;9PHK> ZCE0MZ 0\RP0T

XY9PDPCQLWN;F$FQ[C 41C 9PDGCkRP0M[kRGF LK> 9PF'46N;C FI9;0 C$CEJ *IJ\RPF Z80 9PF'48NPC FI9PCEN46N;F HK@ RPJ3I>:9;0

0kHWD;>?LK[C$48NPC FI9;0[80$9P46N;F~0E[46N;C FQ9=Hk0MZ60~0kHWD;>?LK[6> 46N;C FI9=DPN;F B[ 46N;C FI9PCMN:C 9GD;0 RPF>B9PHMCEN;> 9* FI[ ZCEH MCKZ'>%0$9P46N;F~[8>46N;C FI9;0KT

7NOIJ N;FQ0kHI> R;J [60 ZF9;0QLk0E[\RPF Lk0M[kRP9PHK> ZC 0MZ 0 R;0 C~CEJ * J\RPF 48N;C% FQ9 [60 RPLK> 9PF

46N >BCMN >?DPF D;0KT gcCEH C Lk0kHk0QL#6>?D;[6>s48N;C FQ9 FIHk0 Z60 9PF Z6FI9;>cLM0M[\R;9PHK>cZCE0MZ 0 RIih0kHWD;>?Lk0E[

RPF [FIHK>eZ6N J >"%0M[\RPF'48N >?CMN >?DPFIDP0E[ 46N;C FQ9IT = 0EZ60 9PF Z6FI9;>eLk0M[kRP9PHK>eZC 0MZ 0 RIi5CE

LUKTVUWT^]

@ 0QLk0'lsLECKZ

CKZ EC Lk0kN 0 R;J * F 46N;FIHK>BZ60'46N;F LECKZ6>6>BDP[8>w46N;C FI9j>?O9PD;0M[\R;0 FIHk0{J 9PD;0M[kRGF ^9P46N;F~0M[?T

7 C ZC LECKZ6>hZ6C 46N;FIHK@ R;J3 >BLk0M[\R;0 48N;C% FQ9GCEN 0 9;0 46N;FIHW> [WJDPC 48N;C FQ9;0 [80 6>BDP[8>:46N;C FQ9IT

/c>?D;[8>46N;C FI9cJ DPCMHKJ 9PLMC\RPF~0MHWDP>BLW[6CE9PD;>CKZ6N;FI0' J\RPF[60ZF9;0ILM0M[\RPF$Lk0E[\R;9GHEC Z6CE0EZ 0 RP0T

_c0MHMCE[3DPC 0 C [~48N;F 4AJ 9PDP0a46N;C FI9PCMN46N;F HK> [ J6DPC 48N;C% FQ9;Jqi RPF N59GF:LWN 0 *I0J~9PD;0M[\RPF FIHk0

ZCEH$9PFc[FsZFQ9;>6[6CQLK>8Lk0M[kRP9PHK>6Z6CE0EZ 0 R iIR;0M9;[C6iW0MHMCj9PFcJ~FIZ J6L N;F$FQ[WJ~[8>B9;J~Z6FI9;>B@ >K[C LK>

Lk0M[kRP9PHK> ZCE0MZ 0 R;> T fsHMCh9;Jj9PF D;0kHWLK>KZ6CE0EZ 0 RP> ZFQ9;>B@B> i [kRP>C Lk0sZF9;0ILk0E[\R;0h9PFN;FE>B9PDPN J\R;JJ

CM46N;FIHW> Z60KT7 0MZ80s9PF{4 CKZ6N 0kOIJ$FILk0eZ60 6>?D;[6>M46N;C FI9[6F{46N;FQ@B0kOQ>

J9PDP0E[\RPF FIHk0A[60kHECE[N;FQ0kHI> RPFa[6048N;LW>AZCE0EZ 0\R iK[FMC$Z80CE9PD;0 RGF 0kHWD;>?Lk0M[+9PLEFhZCEH%[F

CKZN;FQ0'EJkRGF[60 9PLMFJ $FQZ JLWN;F~FI[WJ N;FE> 9GDPN;C Lk0M[6F3Z6C 0MZ 0 RPFMT'gh0 w48NPFID$CKZ6[6C' @?C

$CEJ * FEiA41CMDPN;F BZ8>8C$CEJ * FI[8> J'DGCEHKJ'0kHWD;>?LK[C 9PDP> 6>?D;[C$46N;C FI9;0KT

132 2

< ? =D

fsHWD;>?LK[C 9PDs46N;C FQ9;0%HM0kN 0kHWDPF N > 9PFN;FQZC 9;@?FIZ J HEC~F$9PF>?O LWN 9;0QLk0 R;J [80kN;FQZ?Lk0 ) q46N;C FI9;0T {N;C FQ96RGF ! L"M R ' N#M$0MHMC{RPF[kRGFMC L

DPN 0' CKZN;FQZ FQ[ J LWN;F~F+46N;CMN 0%>?N 0M[kRP0i CKZ6[6CE9;[C 0kHEC OI0QLK>B9;>e9;0~C CKZ CM?Lk0M[8>

41CKZ60kD;0MHk0KT7 N;039PFIHWLMFQ[I> RP0E@B[C$48NPC FI9;0$C OIFZ60%9PF 48N >?Hk0OIF Hk0MCM # 5HEC\RP0

41C LMFIOIJkRGF:>?OILWN 9;0QLk0E[F:[60kN;FQZC LECa>BO LWN 9;0QLk0M[\R;0KT{_c>?Dw9PFIH LEFI[ > RP0E@B[C

46N;C FI9;0%[60M9;@BFIZ J\RPF [\RPFMC LMFj0kDPN >?[kRGFMC LEC9PD;0M[kRGF> [\RPFMC L+46N >?CEN >?DPF DIT

- 0M[80 9PFIHWLMFQ[I> R;0M@B[8> 46N;C FI9;0 RGF Z80 9;J [FICE9PF D;@ R;>?LK>c[80 Lk0E[\R;9GHEF ZC 0MZ 0 RPFMT 7C

9PF $C O F 41CMHk0MOI0kD;>:[60 48N >$FIN J FQZ6>BDP>BN;0E[\R;0 DGFIHK9PDP0T /10 FIZ8>?D;>?N 0M[kRGF+DPF HK9PD;0 9;J Lk0OQ[FEi

>?O$FQZ J+CE9PD;0M@?CiAZ6LMF N 0MZ6[kRGFET N;Lk0sRPFa41CE9PLEF * FQ[60%>B[ DPF N 0MHI> RP>9P0$HMCEN;> 9;[6>?HEC i0~ZN J 0

RPF=OQ0MZ8J2O FQ[60OQ0 IJLk0E[\RPFeJ8[FQ9GFQ[CaDPF HK9PD;0 OI0 41F N >?CKZ8> [6Ca9$$F9PDP0E[\RPF:J8[FQ9PFI[6CDGFIHK9PDP0

[60 ~0E9PC LW[WJ ~F~CMN > R;Jqi N 0MZ6>59G48N;FI0QLk0M[\R;0 [\RPF EC LMC JBDGCEN 9PHW>48N;C% FQ9 9PFIHWLMFI[ > RP0E@B0M[ iD;0MZ80 9PF 41C$FQ[ J6DPF N 0MZ8[\RPF

CKZLK> R;0 R;JRGFQZ6[80OQ0~ZN JMC'iOQ[60I>9PF HWLEFI[ > R;0M@ [C {N >~F NlkT l T

{N >$FINalMTBl = ! ! !

"#""

$&%('*)++-,/.

0&%120&3(45%('&1#6%8779;:#0*)72#1(4&%1#?9(@52#1(0&9(4&9)

@B0QLk0'lsLMCKZ LUWTVUKT^] S

{N >$FINalMTVU.J ! = * ! ! !

"#""

$&%('*)++-,/.

0&%120&3(45%('&1#6%8779;:#0&1#3;:&1($&%('52'&9#:50*)?CMN >?DPFIDP[8> R;0Ki6>BDP[80hN 0EZ6[\R;0 RPFe4 C 9PLMF * FQ[60j>B[ DPF N 0MHI> RP>69;0aHECMN >B9;[6>BHMC * !

HGG*H! **JC&E i 0&%0M[kRGF48N >?CMN >BDGFID;[60:41CMOQ0MZ6> [69PHk0sN 0MZ8[\R;0 RGF=41CE9PLMF * FQ[60

J6Lk0M[kRPJ DGFIHK9PD;0 B+ *H**JC5E T CKZ'46N;FIDP4 C 9PDP0QLWHEC Z60hRGF 6>BDP[80

N 0MZ8[\R;0OI0EJ69PD;0QLK@ RGFQ[60ikRPF Ns[F~0$HMC%0M[8Z6>qCKZ HECMN >B9;[6>BHk0KiK41CMOQ0MZ8>B[69PHk0jN 0EZ6[\R;0~C O FjZ80

9PF~CKZ6LW> RP0 9PLEF3Z6CMH i [80 46N >~FINIi Lk0E[\R;9PHK>{ZC 0MZ 0 R41CM48J6Da46N >BDP> 9PHk0+Z6>?N;HMF3[60'DP0E9PDP0MDPJ6N >

[F [60\RP0QLK>41C F D;0kH>B[ DPF N 0MHI> RGF 9;0 HECMN >B9;[8>?HMC Ty7 0MZ60 9PF OI0MJ89PDP0QLK@ R;0 41CMOI0EZ6>B[89PHk0

N 0MZ8[\R;0KicN 0MZ8>a[60E9PDP0QLK@ R;0M[kRP0 8>?D;[F N 0MZ6[kRGFET = 0EZ60 9PF CM HMCEN >B9;[6> Hk0 HMC%0M[6Z80 J

CMHWLK>?N J18>?D;[F N 0MZ8[\RPFMi0 6>BDP[80 N 0MZ6[kRP0 9PF OI0EJ69PD;0ILK>~J C FIHK>?Lk0M[kRPJ [C LMF HMC~0M[8ZFEi

[60E9PDP0QLK@ R;0 9PF41CMOQ0MZ6> [69PHk0 N 0EZ6[\R;0KT /10 Lk0M@ R;J\R;J *I>46N;FI48@B>BDP0E[\R;J 6>BDP[6F>~41CMOQ0MZ8>B[69PHEF

N 0MZ8[\RPFMi J~DPCMHKJ%FIZ8>?D;>?N 0M[kRP0 [F~0 41F N >?CKZ80c?Lk0T CWZ6N 0kOQJ$FILk09PFsZ60 CM48> 9;0M[C

[FQ9PF HWLEFI[ > R;0M@ [C FQZ6>BDGCEN 9PHMC 48N;C FQ9;JCKZ MC Lk0MN 0 RPJ Z6LMF [6>?D;> T {N >?CEN >?DPF D;[6> RP0 [6>BDcRGF

46N > ZN J3OIFI[606>?D;[CkRN 0MZ6[kRP> 41CE[80ILK@ RP0E[\RPJ'>?O LWN 9;0QLk0M[kRP0

J8[HI> RPF * !*HGGI*

H! **JC&E i 0 ~0M[kRGF 46N >?CEN >?DPF D;[60 [8>?D%RGF 46N >BZ6N J2O FQ[6041CEOI0EZ6>B[69PHEC\R N 0EZ6[\R;>

41CE[60QLK@ R;0M[kRPJ >?OILWN 9;0ILk0E[\R;0

J6[6H > RGF + *H**JC5E T 7 0kHECEZ F 9GF

41CKZN 0kOQJ~F Lk0aZ60RGFe46N >?CEN >?DPF D;[60c[8>?DwJ~9PD;0M[kRPJ FIHk0 Z6CMH:RPF 8>?D;[60cN 0EZ6[kRP0cOQ0MJ89PDP0QLK@ R;[60T

7 0MZ60 RPF 0kHWD;>?LK[60 ~0E[\RPF{46N >?CEN;>BDGFID;[60=[6>?DIT?=0MZ60:9PF ZFQ9;>kLk0E[\R;9PHW> ZCE0EZ 0\R141CE48JDq48N >?D;>B9PHk0

Z6>BN;HMFj[603D;0M9PD;0kD;JN > i1D;0MZ60CEB9;J 41CEDG4AJ6[C [6F OQ0QLK>B9;[FEi CKZ6[C 9;[C'Z60'9P0MN 0MZ J\R;J

N 0kO$FQ[C*41CKZ60MDP0MHk0KTw7 0MHMCiKJ$9;@ J2 0 R;J$[6FI9PFIHWLMFQ[ > RP0E@B[CaFQZ6>?DPCEN;9PHEC46N;C FQ9;0Ki~0M[kRGF

46N >BCMN >?DPF D;[60$[6>?De9PF B[FaC J6Lk0M[kRPJ DPFIHK9GD;0~HMC 0346N >?48NPF~>A46N >BCMN >?DPF D;[80[6>?DIT

{N;C% FQ9P> 9;0 LK> 9PF>B9PDPC LWN;F~FI[6C 4 C 9PDGCkRGF * > [6>BDP> 9GF[80kOQ>?Lk0 R;J

//M ,*"M.)M C*.K! T`a[6>:CKZMC Lk0kN 0 R;J >BO LWN 9;0QLk0M[\R;J 0M ,"M.M KT

9;@BJ3I0 R;J~RPFQZ6[CE46N;C FQ9PCMN 9PHMC+N 0 J8[60MN 0 >B9PDPCQLWN;F$FQ[C+41CE9PDPC\R;0M[kRGFjLK> 9PF$[6>BDP> OQ[60I>wZ60RGF

OQ0k41C F DPCic0 Z80 [6> RPF OQ0ILWN 9PFI[6C >BO LWN 9;0QLk0M[\RPF LW> 9PF N;FI@B0MD;>?LK[C [FIOI0QLK>B9;[8>ZFQ@?C Lk0 > 9GDPC

46N;CMN 0%0KTdWLk0kHEC CKZ C LK> >?OILWN 9;0QLk0M[kRP0 CKZ EC Lk0kN 0 41CE9PFI?DIT. CKZN 0MOIJ$FILk0

9PF Z80 9;0~C RPFIZ8[60 CKZ [8>?D;> $C OIF ?D;>jJ9PD;0M[\R;J ^0MHWDP>BLW[80?i0 Z80 9;JC 9GD;0E@?F > @B>J

LUKTVUWT^]

@ 0QLk0'lsLECKZ

9PD;0M[\R;J 9^P46N;F~[80q>B@B> J 9PDP0E[\R;J FIHk0?T {N;FIHK@ R;J2 >BLk0M[\R;046N;C FI9PCEN;0+9PFhRGFQZ6[C+CKZ CQLK>

>?OILWN 9;0QLk0E[\R;0[80 Z6N J MC6i OQ0QLK>B9;[CCKZ$Lk0E[\R;9PHK>$ZCE0EZ 0\RP0iWJ6O N;CEHWJkRPJ%Z609PFsCKZ MC Lk0MN 0 RPJ * F

[6>BDP>148N;F 4A@B>+*IJJ'N;FIZ6CE9;@?FQZ6J+HEC\RP>[6> RPFaCKZN;FQZ FQ['J'L N;F$F 46N;CMN 0%>?N 0M[kRP0T

.1o }.q}oqup/+{oqu.1nPv *p$1 r n;r . +-2 u

c[WJDPN 09;[kRP> >BO E@BFIZ >B@B>w9PDPN JHWD;JN 0 CE4 FIN 0kD;>?LK[C 9;>B9PDPF~0 9PF ~CO F @ 0kH9PF9;0E@?FQZ60MDP>50kHMC

9PF OQ0MJO$F'9PD;0M[6C LK> 9PDGF Z603RPFOQ0MZ80kD;0kH CM41FIN 0kD;>?LK[C 9P> 9PDGF~0 Z80 J646N 0QLK@ R;0

&

%R #

N#/ % # "N#"L.# N 0% J8[60kN 0T C%9GDPC 48OI> HK>{ZFQ@?C LK> N;0 J8[60kN 0'CM%N 0MZ8[WJ ~F~CMN > R;Jqi%0 @BCE> HK>3ZFI@BC LW>%N 0IJ6[80kN 0 CM48N;C% FQ9GFEi~9;@?FQZ6>Z80 9PF CM41FIN 0kD;>?LK[6>9;>B9PDPF iCKZ6[6CE9;[C6i46N;FI>?OQ[6> RPF NPF FQ[C6i3[\RPFMC LMC

'

&

* i ~C O F N 09 @ 0M[6>BDP>[60 ~CKZ6J6@BF [80~FI[\RPFQ[F N JHECQLM0M[\R;J 46N;C FQ9PCMN;C'i

HMC [ DGN;C @?F N >~0Ki8N 0MZ6[6C ~F~CMN > RPC'i6Z60MDGCEDGFIHk0%0%> 46N;C FQ9;>%0KT

132271 s[80 ZN JEJqT1{N >:DPC~F C LEF [8>?D;> $CEJ 48N;>B480MZ80kD;>s>B9PDPC >B@B>eN 0kOQ[6>y46N;C FQ9;>%0KT

dK0 9PD;0E[C LK> 9PDP0 $CKZ8J6@B03OQ0 N JHMC Lk0E[\RPF$46N;C FI9PCENPCHK@ R;J3I[60+N 0kOQ@B>?Hk0+>BO~FIZ J [6>BDP> HMCkRGF

46N >B480MZ80 RPJ >B9PDPC 48NPC FI9;J >e[6>?D;>5HMC\RPF'46N >B480MZ80 R;J N 0kOQ[6> 48N;C FQ9;>~0%RPF'Z60 9;J 46N;LMF

[6>BDP>J 0EZN;FI9;[6C 46N;CE9PDPCMN J >B9PDPC46N;C FI9;0 Z80~ ~CE@BFZ6039P0MN 0MZ J\R;J iAZ6CMH'9;J ZN J EF

[6>BDP>6J%0EZN;FI9;[8> 48N;CE9PDPCMN >%0hN 0kOQ[6>$46N;C FI9;0T{/10MDGC6iWJ%DPCMHKJ%46N;FIHW@ RPJ3I>?Lk0E[\R;0h48NPC FI9PCEN 0

>?O$FQZ J [8>?D;>h>B9PDPC48NPC FI9;0 [F ZCE@ 0kOQ>aZC>?O$FQ[F 0EZN;FI9;[6C46N;C 9PDGCEN 0 46N;C FQ9;0Kih4A0

RPF~C Lk0kHWLEC 48N;F HK@ R;J3I>?Lk0M[kRGF~?Lk0E[\RPF$46N;C FI9PCEN;0 >?O$FQZ J [6>?D;>

N 0kOQ[6> 46N;C FQ9;0KT

-'CKZ6J8@ OI0)N JHMC Lk0E[\RPF 48N;C% FQ9GCEN;C CE9PDPLk0kN J\RPF 9GLEC\R OI0EZ60kD;0kH DP0MHMC 9PDGCJLECKZ6>

*R ' , ** N ' ,%#LKM"' KT CMOI>BLK> C LEF CM41FIN 0I> RGF ZC LMCKZF ZC 46N;FIHK@ RPJ3 >?Lk0E[\R;0

46N;C FI9PCEN;0T

1322 4 J8@B0kOQ[6> >

>?OQ@B0kOQ[6> JN;FQZ 0 RP>~0 HEC\R;>~9;J OI0MHk0% FQ[6>3OQ0 HECE[ DPNPC @?FIN;FMT "C Lk0kHWLEF J6@B0MOI[6C >?OQ@B0MOI[F

JN;FQZ 0\RGF*9P4A0MZ60\RPJ D;0M9PD;0kD;JN 0Ki ~> 9Ii F HWN 0M[ i 9PDP0$480ki CKZ8[CE9;[6C J6N;FIZ 0 R;> %0M9PC LK[F

$F$CEN > RPF Hk0kC 9PDPC 9;JZ6> 9PHAi Z8>B9PHMFIDP[6F >B@ >RPFIZ8>B[6> FET C9PDPC J646N 0QLK@ RP0E[\RPF J6@B0MOI[6C

>?OQ@B0kOQ[6>)J6NPFQZ 0 R;>~03OQ0ILK> 9;> CKZ LWN;9PDPFJN;FQZ 0 RP0i5$CKZ6J8@ OQ0N;J6HMC Lk0E[\RGF$HMCE[ DPN;CE@BF N >%09GF

9;0M9PDPC\R;> CWZj[8>?OQ0=HEC~41CE[FQ[ DP> iM[60kOILk0M[8> *' L/ TwdKLk0kHK> CKZjZN 0 RPLMFIN 0 RGF9P41F > R;0M@ >?O C Lk0E[

OQ0RGFQZ6[WJ LWN 9GD;J HECE[ DPNPC @?FIN 0Ki5CE489;@BJ3OQJ\RPFjRPFIZ6[WJ HK@B0E9;J J8@B0kOQ[C >?OI@ 0kOQ[6> JN;FQZ 0\RP0 >:>%0

OQ0MZ60MDP0MH Z80 HECE[HWN;FID;0M[J6@ 0kOI[6C >?OQ@B0MOI[6>5JN;FQZ 0 R48N;FIZ89GD;0QLK>eJ 0M489PDPN 0kHWD;[C CE?HKJ 9;0

RPFIZ8[CWCM >{48N 0ILK> @B[6>[60I>B[C HECMN > 9* FQ[\R;0KT 7 0kHECi [60'46N >~F NQi Z6N;0\RGLEF NZ8>B9PHk0

9PDPLk0kN 0s46N;FQZ69PD;0QLKJ0k489PDPN 0kHWD;[ChZ6>B9PHk0T /10:N 0kOQ@B>?HKJ CKZj9PDGLk0MN [CcZ8>B9PHk0Kik0M489PDPN 0kHWD;[6> Z6>B9PH i

J~FI9PDPC 9PD;0kOQ0 >=9PFIHWDPCMN 0Kie9P0EZNOI>:[8>?O+e9;J CEOI[60 FQ[6>:N;FQZ6[6> %0KT

gcN 0 RPLMFIN Z6> 9GHk0i+46N;FI9;@ >?Hk0QLk0 R;J * > 9PFIHWDPCMN;FMi C$CEJ *IJ\RPF 48N >B9PD;J4

%0'0M489PDPN;0MHWDP[6C Z6>B9PHk0i N 0MZ6>{J8@B0kOQ0 46N;FQJOQ>~0E[\R;0+41CKZ60kD;0kHk0 i CKZ6[C 9;[C N 0EZ6>

>?OQ@B0kOQ0 41C6N 0M[\R;>?Lk0E[\R;041CWZ80kD;0kHk0 T

@B0QLk0'lsLMCKZ LUWTVUKT^]

-'CKZ6J8@OI0 N JHMC Lk0E[\RPF HECE[ DPN;CE@?FIN >~0 CE9PDPLk0kN J\RPF 9PLMC\R OI0EZ60MDP0MHD;0kHMC 9PDGC [\RPFMC LK>

ZN 0 RPLMFIN >8J6LMCKZF Z6N;0\RGLEF N 9PHMF 3/ ' ,N#

&

&

N#

&

KT CMOQ>?LK>8C LK>%CM41FIN 0I> R;0Z6C LMCKZF

ZC 46N;FQ[CE9;0 41CKZ60kD;0MHk0a[60 N;FQ@B0I> R;>>?O$FQZ J$N 0MZ6[6F ~F~CMN > RPF:>6J6@ 0kOQ[C >?OQ@B0MOI[8>$J6NPFQZ 0 RP0T

CMHWLK>?N JC LK>CE4 FIN 0I> R;09PFh41CMOQ>?LMC CM41FIN 0I> RPFc46N;F HK@ RPJ3I>?Lk0E[\R;0OI0EJ69PD;0ILK@ RP0$0MHWDP>BLK[CE9PD

[6>BDP>eOQ0 > RP>eN 0IJ6[ 9PF CM41F N 0 > RPF J8@B0kOQ0 >:>?OQ@B0kOQ0 CEh46N;FQ[CE9

41CKZ60kD;0MHk0 [6F%OQ0QLWN 9;> T gcC [60E9PDP0QLk0MHk0 0kHWD;>?LK[C 9GD;>5[6>?D;>~CO F Z6C * > > J8@B0kOQ[C >?OI@ 0kOQ[6>

JN;FQZ 0\RsRP0QLK> i{41CE9PN;FQZ69PDPLMC ~F80M[6>BO%0 48N;F HK>BZ80Ki Z80%RGFOQ0kDPN 0%O FQ[6>:48N;FI[C 9j41CKZ60kD;0MHk0

OQ0ILWN 9PFQ[qT `h 46N;FIHK>BZ60 46N;FQJOQ>~0 R;J CE?LM0% >546N;FIHW> Z60KiwHEC\RP> iwD;0MHMCEZ FEi

J6@ 0kOIF J9;0M9PD;0QLZN 0 RPLMFIN 0KT"`h[8> C$CEJ *IJ\R;J [60E9PDP0QLk0MH 0kHWD;>?LK[C 9PDP>j[8>?D;> i N 0EZ6> FE0

9PFMiFILMFQ[ D;J60M@ [Ci$CE41F D 41CMOQ>?Lk0 CM41F N 0 > RP0 46N;F HK@ RPJ3I>?Lk0E[\R;0KT C%9PDGC 41CMOQ>?LK>CM41FIN 0I> R;0

46N;FIHK@ R;J2 >BLk0M[\R;0~CEJ BDP> 41CE9;@?FQZ6>I0$ZF9;0QLk0M[\R;0346N;FIHK>BZ60i6DGN;FQ[WJD;0kH 48N;F HK@ R;J3I>?Lk0M[kRP0hRGF

JCM429GDPF 9;@BJ3 0 R;Jj[FI46N;FQZLK>BZ8>?L iQHM0kC,9PDPCa9;J[FI46N;FQZLK>BZ8>?LK>M> DPN;FI[WJI>WZF9;0ILM0M[\R;0h48N;F HK>BZ80KT

1322 F LK>BZ6FI[ > R;J)C

9;@?CE< CKZ8[C\R N 0EZ6[CkR ~F~CMN > R;>N 0MZ8>+OI0EJOQ>~0E[\R;0 OICE[609;@?CM RGFEi

CKZ6[6CE9;[C N 0EZ6>+C 9;@?CMOICE[60 N 0MZ6[6F ~F~CMN > RPFMT =0MZ80

41CKZNOI0QLk0LK>BNPD;J6FI@B[WJ $F$CEN > R;JqihC Lk0 R $CKZ6J8@a9PF B[F >C 48NPFIBLk0M[\R;J 9P0EZNOI0\RP0

9PDPN 0M[6> 0c>BO~FIZ JjN 0MZ6[6F>%~0E9PCQLK[6F"~F~CMN > RPFMT 7ChOQ[60 >KZ60h9PF5>?O ~CKZ6J8@B0eOI0sN J6HMC Lk0M[kRGF

N 0MZ8[C $F$CEN > RGC 41CMOQ>?Lk0 R;J+CM41FIN 0I> RPF J6@ 0kOQ0~>q>?OQ@B0MOI0KT

-'CKZ6J8@WOI0 N JHECQLM0M[\RPF:N 0MZ6[6C ~F$CMN > RGC CE9PDPLk0MN;JkRGF:9PLMCkRwOQ0MZ80kD;0kH$D;0MHMC9PDGCJLECKZ6>

*R '

&

,

&

#M"' %> /!N#/+ M"' KT CMOQ>?LK> C LK>'CM41F N 0 > R;0$Z6C LMCKZFjZC~OI0EJOQ>~0E[\R;0

>qC 9P@BCM RPFET

1322 ?D;0M[\RPF >s48>B9;0E[\RPF [\R;>6C LMC 9;0MZNOQ0 RP0T )s0MZ8>sDPCE0 C Lk0 R $CKZ8J6@

LMCKZ8>cF LK> ZFQ[ > RPJ C ~0 %0M9PC LK[F ~F~CMN > RPF ~J HMCkRP>%0 9PF [60E@B0kOIF 9;0MZ6NOQ0 R;>

Z60MDGCEDPF Hk0T=`h[ 9PFEi6D;0kHMC Z FMi6B[Fa>1C$46N;FI?Lk0E[\R;J+ZFQ@?C Lk0~9;0MZ6NOI0 R;0~Z80kDPCMDPFIHk0%>?O~FIZ J

N 0MZ8[F~> %0M9PC LK[F~F$CMN > RGFET~7C OI[80% > Z80 9PF%>BO$CKZ6J8@B0OQ0 N JHMC Lk0E[\RPF%Z80kDPCMDPF Hk0~0

41CMOQ>?Lk0 R;J CE41F N 0 > RPF J6@ 0kOI0 > >?OQ@B0kOQ0KT C9PDPC 9;J OQ0 41C$FQ[WJDPC 46N;FI?Lk0E[\RPF Z6FI@BC Lk0

9;0MZ6NOQ0 R;0Z60kDPCMDPFIHk034 CEDPNPFI1 i6>?O $CKZ6J8@B0jOQ0~N J6HMC Lk0M[kRGFjZ60MDPCMDPF Hk0~09PF 41CEOI>BLk0

>qCE4 FIN 0I> R;0OQ0MJOQ>%0M[\R;0KiN 0EZ6>1N;F OIFINPLK> 9P0E[\R;0$ZC LECE@ R;[C%LMFQ@B>?HEC%

LUKTVUWT^]

@ 0QLk0'lsLECKZ

LK> 9PF%[8>?D;> T$7 CRPF$46N;FQZ6J69;@BC L Yl cOQ0 B9PHMCEN > 9* FI[kRGF%46N;C FI9PCMN 0i

U OI0 >B9PDPC LWNPF$FQ[WJ41CKZN 9PHKJ LMF * F 9;[6>?Hk0 LK> 9PF HECMN >B9;[8> HK>jN;FOI> N 0MZ80Ki

:> sOQ0+ R;J N 0IJ6[60MN 0 [603Lk0M[kRP9PHEF$ZC 0MZ 0 RPFMTX O

$CKZ8J6@B0 OI0 N JHEC Lk0M[\RPF 46N;C FI9;>%0 9PF 41CMOQ>?Lk0 CM41F N 0 > RP0 >BDP0E[\R;0KicN 0MZ8>c46N;FQJOQ>~0E[\R;0

9;0MZ6NOQ0 R;0>?O LWN 9;[6> Z60MDGCEDGFIHk0Ki HMC\R;>a9;J 41CMDPN;F sOQ0 9GLM0kN 0M[kRGF 9;@B>?HEF 48N;C FQ9;0KT C%9PDGC

RPF~OQ0 9PDPLk0kN 0M[kRGF9;@B>?HEF$46N;C FI9;0'4 CEDPNPFI R;0Ki >BO~CWZ8J6@B0OQ0'N J6HMC Lk0M[kRGF

46N;C FI9;>%0$9PF 4 CEOI>BLk0 RPJ'>qCM41FIN;0 > RGF OI0EJOQ>~0E[\R;0KiCKZ6[6CE9;[C~CE9;@?CE?LK>C LK> CM41FIN 0I> RP0Z6CQLECKZFZC+9PDPLk0kN 0E[\R;03> J6[6> 9GD;0QLk0M[kRP0

46N;C FI9;0i6CKZ6[C 9;[C$[6>BDP> T

1322 :=< G =D B9;0E[6>2$CKZ8J6@B>8CM41F N 0MDP>BLK[C~9P> 9PDGF~0

CMN %>?N 0 R;J 6> RPF N 0MN 6> R;JqiW9;0M9PD;0ILK@ RGFQ[WJ

CKZ 9;@?C\RPF Lk0T dWLM0kHK>~CKZ 9;@?CkRGFILk0 RGF 48N;FIZ6CWZ6N;FIZ FI[ Z60 9;0EZNOI> RPFIZ80M[ CKZ $CKZ6J8@B0

CM41FIN 0kD;>?LK[C9;>B9PDPF~0KT )s0M9P41CKZFQ@BJ ~CKZ6J8@B0 41C 9;@?C\RPF LK>%0 Z8>?HWD;>?N 046N 0QLK>B@BC HMCkRGF

[60E@B0OIF~Z60+9PF$>BO$9PLk0kHEC'9;@?C\R;041CMOQ>?Lk0 R;J 9;0$C CE41F N 0I> RPFJLEFIZFQ[F~J [8>OQ> 9;@?C\RPF LK>%0

6> RGFIN 0kN 6> RGFET {N >~FQ[60,41C$FQ[WJDPC 46N 0QLK>B@B0 ZC LECKZ6> Z6C9$~F 9PD;0M[kRP0 ~CKZ6J6@B0,OI0

N JHEC Lk0M[\RPF~48N;C FQ9;>~0+J 9;@BC\Ra[60+LWN WJ 6> RGFIN 0kN 6> RGFET 48N;LK> [8> OI>{9;@?CkRaZCE9P41FILk0 $CKZ8J6@

OQ0$N JHEC Lk0M[\RPFZ60kDPCMDPFIHk0%0Ki1ZCMHRPF9;@?FQZF * >[6>OQ> 9;@?C\R:[60~FI[kRGFQ[ $CKZ8J6@BJOQ0$N J6HMC Lk0M[kRGF

N 0MZ8[C $F$CEN > RGC T {N;FQZ41CE9;@?FQZ6[kRP>e9;@?C\R 6> RPFIN;0MN 6> RPF'9;0MZ6NOQ>&~CKZ6J6@:OQ0 N J6HMC Lk0M[kRGF

HMC [ DGN;C @?F N >~0Kis0 J 41CE9;@?FQZ6[\RPF"9P@BC\RPJ [60M@ 0kOQ>c9PF $CKZ8J6@:OQ0 N JHEC Lk0M[\RPF 46N;C FQ9PCMN;C'T

_c0~C Lk0 R:[80I>B[RPFaCE?O 9PLk0MHMC CKZ ~CKZ6J6@ 0 ~CE[6CE@B>BDP[8> CM41FIN 0kD;>?LK[6> 9;>B9PDPF~0 ~C J

9;@?CE< CKZ8[Cj41CMOQ>?Lk0kD;>qCE41F N 0I> RPF 9PLK> CE9PD;0M@B> $CKZ6J8@B0KT

@B0QLk0'lsLMCKZ LUWTVUKT^] %

1322

)

D G

)

H

&

<

dK@BC\RGFILK>?D;>=CM41F N 0MDP>BLW[8>59;>B9PDPF ZCMOILMC @ R;0QLk0 41CMOQ>?Lk0M[kRGF CKZ6[6CE9;[C HECMN > 9* FQ[\RPF ~CM41FIN 0I> R;0

9PDPLk0kN 0M[kRP0>J8[6> 9PD;0QLk0M[\R;0 46N;C FQ9;0 9;0~C >?O 9;@?C\R;0Ki 9$~F 9PDPFI[C >BOI[60EZ 6> RPF N 0MN 6> RPF

[\RPFMC LK> 9;@BC\RGFILk0KT NPF%0'DPC~FMiw41CE9PDPC\RP0E[\RPF%48N;C FQ9;0RPF3>B9PHK@ RPJ3I>?LEC'LMFIOI0E[C OI0 C Lk0 RIi

HMCEN >B9;[6> HK>q9;@?C\RIT

XY0kHEC 9;J 9PLK>j48NPC FI9;>j@BC%I>?N 0E[6>JHMCEN >B9;[6> HMC 9;@?C\R;JqiCE[8>9;J $FQZ J69PCMeOQ0 Lk0M@ RPJkRPJ *I>&I>B[kRGFQ[6>I>5Z80 9PLk0kHK>=CKZ 48N;C FQ9;0 41C 9PFIZ6JkRGF+OQ0M9PFI

46N;C 9PDGCENQi:HEC\R;>a9PF [60kOQ>?Lk0(/ !M %R 0!) T _c0 >B9PDGCy48N >B[I>?48J 9GF

OQ0M9;[6>?LM0>%N 0MOIZ6Lk0 RP0E[\RPF 46N;C FI9;0 CKZ CM41FIN 0kD;>?LK[C9;>B9PDGF~0iRGFIN CE4 FIN 0kD;>?LK[8>%9;>B9PDPF

41CE9PFQZ6J\RPF OI0E9PF 46N;CE9PDPCMN HMC\R;> 9PF[80kOQ>?Lk0 ! !)" !) /!

T~fh@B> iqN 0kOQZLEC\RGFQ[C 9PD HECMN >B9;[6> HK> 46N;C 9PDGCEN 0+CKZ 9;> 9PDGF~9PHEC'48N;CE9PDPCMN 0Ki9P46N;F 0QLk0

Z60,9GF41CMOQ>?LK> CM41FIN;0 > RP0 CE41F N 0MDP>BLW[6C,9;> 9GDPF~0 OQ0M9;[8>?Lk0 R;J [60HMCMN > 9%* FI[kRPJ 41CEOI>BLk0

41CMDP46N;CMN 0%0KT /10MDPC RPF [F CE46CWZ8[C JLMC Z FQ[\RPF 41CE9PF ?O~0 ! !)" !)

&

#LK+HMC\R;>{C$C J *IJ\RPF%48NPFQ@B0MOI0MH >?O~HMCEN;> 9;[6> HMC 46N;CE9PDPCMN 0 J 9;> 9PDGF~9PHK> 46N;C 9GDPCEN N 0EZ6>

41CMOQ>?Lk0 CM41FIN 0 > RP0 CM41FIN 0kD;>?LK[C 9P> 9PDGF~0T dK>B9PDPF~9PHK>$41CEOI>?LK>$OI0 DPFILk0 RPJ HMCMN > 9%* FI[kRGF

41CE9PFI 0E9PF [80kN;FIZ6 > O BLk0 RPJJ8[WJD;0kN ! !)" !)

**KT5_sFIHK> CKZ 9;>B9PDPF~9PHK>+41CMDP48NPCMN 0%0Ki641CEN;FIZ 9;>B9PDGF~9PHK>+4 CEOI>BLk0Ki89;0EZNO F

>39P4 FI>45I[F CM~F NQi~48N;F DPLk0kN 0E[\RGF ?O

OQ[60kHEC LW[6C'J [60kN [8>qCM?H'> CM?N 0M[6C+J6@B0MOI0>B@ >>?OQ@B0kOQ0KTdWLk0kHK> CKZ

9;>B9PDPF%9PHK>j41CMDP46N;CMN 0%0 RPFe[80~FI[kRGFQ[OQ0a41CEOI>?Lk0E[\RPFRPFIZ8[FeCKZCM41FIN 0I> RP0aCM41FIN 0kD;>?LK[C

9;>B9PDPF%0Ki[80$FQ[\RPFQ[6> HMCEN >B9;[6> HMC 9;@?C\R;JqT$`cLk0MHWLMF$CE41F N 0I> RPF~9PF~[80kOQ>?Lk0 R;J ! !)" !)/

*R ' i Z60) 9PF N 0kOQ@B>?HEC Lk0M@?F CKZ CE9PD;0M@B> >B[ DPF N [6> CM41FIN 0I> RP0)CM41FIN 0kD;>?LK[C

9;>B9PDPF%0Ki [60$FQ[\RPFI[8> 9;0~COI0 HMCEN;> 9* FI[kRGF)J6[WJD;0kNCE41F N 0kD;>?LK[6C9;>B9PDGF~0T /q0

>?OILWN 9;0QLk0E[\RPF9;> 9GDPF~9PHK> CM41F N 0 > R;0RPF341CMDPN;F B9PDPF%9PHMC 48NPC 9PDPCMN J

OQ0%9PLk0MHW> 46N;C FQ9:41CE9PDPC\RP> 41CE9PF 41CMOQ>?Lk0E[\RPF

9;>B9PDPF%9PHK> CM41FIN;0 > RP0 9PF 9PLMCKZ6>j[804 CEOI>BLk0M[\RPF 41CEDG48N;CMN 0~0 9;> 9GDPF~9PHMF B?CEDPF HMFET

dK> 9PDGF~9PHk0 BBCMDPF Hk0 9PF >B9P41CMN J3IJ\RPF JO CE41F N 0kD;>?LK[8>%9;>B9PDPFZ60 39PF HMCEN;> 9PDP> @B0 J

41CE9PD;J48HWJ @ >B[HEC Lk0M[\R;0KT DGCEHKJ @B>B[6HMC Lk0E[\RP0 9;>B9PDPF%9GHK>41CMDP46N;CMN 0%>j9PF LEF OQJ\R;JOI0

CM{CM?H HMCEN >B9;[6> HMC 46N;CMN 0%0KiwN 0MZ8> 9PDGLk0MN 0M[\R;0 >?O LWN 9;[C CE?HM0 HMCEN;> 9;[6> HMC

46N;CMN 0%0Ki6HEC\R;>qDP0MHMC341CE9PD;0 RGF9P46N;F~0E[+OI0%9;0kN 0MZ8[\R;J 9;0$CE4 FIN 0kD;>?LK[8> 9;>B9PDPF~C'T

/10 Lk0M@ RPJkRPJ *I> 9;>B9PDPF~9PHK> 41CEDG48N;CMN 0~>%0KiCKZ8[CE9;[6C 9;>B9PDPF%9PHMC\R?BCMDPFI> i

CM41FIN 0kD;>?LK[6> 9;>B9PDGF 46N;FIZ89PDP0QLK@ R;0ZFICHECMN >B9;[6> HEC 46N;CEN 0%0Ki >B0kHECOQ0 [\RPF 0[8> RPF

Z6>BN;F HWD;[C @B>B[6HMC Lk0M[ T,/q0kDPC9GF $C OIF 9$~0MDGN 0MDP>Z60 CEB9PDPF%9PHW> CM41FIN 0I> R;0

46N;FQZ69PD;0QLK@ RP09;0E9GD;0QLK[6>ZFIC>?OILWN 9;0QLk0E[\R;0HMCMN >B9;[8> HEC48N;CMN 0~0Ki CKZ8[CE9;[6C Z80

46N >B480MZ800kHWD;>?LK[CE9PD;>46N;C FI9;0iLEF OQ0M[C OQ0 C LEC >?OILWN 9P0QLk0E[\RPFMT 7C6ijJ6O >B9PDPC LWNPF~FI[C

41CE9PDPC\R;0M[\RPFLK> 9PF+46N;C FQ9;0 >=[FI46N;FQZLK>BZ8>?LMC 9GD46N;FIHK@ R;J3 >BLk0M[\R;0KiwJOIN;CMHKJ\RPF+Z60~RGF ~CEJ * F

Z60*>B9PDPCQLWN;F$FQ[C 41C 9GDPC\R;>3LK> 9PF 46N;C FI9;0i HMC\R;> 9;J OI0M41C FQ@B> i 0*[6>B9;J OQ0QL N 9;>B@ >+9GLEC\R;J

0kHWD;>?LK[C 9PD J CEH LK>BN;J CE4 FIN 0kD;>?LK[6C 9;>B9PDPF%0Ki CKZ6[6CE9;[C6i I> R;0 0kHWD;>?LK[C 9PDRPFOQ0MJ69PD;0QLK@ RPFI[60

J6[WJ6DP0MN 9;>B9PDPF%9PHK>,CE41F N 0I> R;0 CM41FIN;0MD;>?LK[C 9;> 9GDPF~0 dK@B>BHk0,lMT."4AJ6[F@B> [6> RPF 9;0

& LUKTVUWT^]

@ 0QLk0'lsLECKZ

9PDPN;FI@B> C CEOI[60 0QLk0 R;J 41CMOQ>?L 9;>B9PDPF~9PHMC 41CEDG48N;CMN 0~0i 0 N;DPHk0M[6F @ >B[6> RGF 9;0

9PDPN;FI@B> C CMOQ[60I0QLk0 R;J [FIOI0QLWN 9PFI[6>~9;>B9PDPF%9GHK>j41CEOI>BL T X O 46N;FID 6CKZ6[C 9;@?FQZ6>jZ60 RGF

CM41FIN 0kD;>?LK[6> 9P> 9PDGF HMCE[6HKJN;FI[ D;[6> 46N;CEN 0 i RPF N [60M>BO~FI[8> [6F 0MHWDP>BLW[6CE9PD;> N 0kOQ[6>qi

>B9PDPC LWN;F~FI[6C 41CE9PDPC\RPF *I>y48N;C FQ9;0 JyCMHWLK>?N J"9;>B9PDPF%9PHK> CM41FIN 0I> R;0 CM41FIN 0kD;>?LK[C

9;>B9PDPF%046N;FQZ69PD;0QLK@ R;0 RPJ'N 0kOQ[F [8>?D;>1CM41FIN;0MD;>?LK[C%9;>B9PDPF%0KT

dK@B>?Hk0lMT. {N >BHk0kO 46N;F 4A@B>?D;0M[kRP0j>BO LWN 9;0QLk0M[\R;0%DGN >q9;>B9PDPF~9PHMFCM41FIN 0I> RGF

1322 D G

?FH ? H3 9%* FI[\RPFCM41FIN 0kD;>?LK[C 9;>B9PDPF%0 [80

* !70 M#L/, i HMC%0M[8ZF HEC%0M[6Z8[C RGFIOI>BHk0 C~C J* JkRPJ HMCMN > 9%* FI[kRGF

CM41FIN 0kD;>?LK[C 9P> 9PDGF~0 [80B M .#L.M M L,T = C~0E[6Z6FHMC%0M[8Z6[C RGFIOI>BHk0

46N;F >BOI[6C~CM4A>B9;J\R;J+N JHEC Lk0M[\R;0$48N;C FQ9;>~0%> Z60MDGCEDPF Hk0~0KTc`a[FDP0MHMC+@B> 9;0QLk0 R;J'HECMN >B9;[6>BHk0

41CMDPN;F ?O$FEiKHMC\R;>q9PFh41CEH N;F * J J8[WJD;0kN=CM41F N 0MDP>BLK[C$9;> 9PDGF~0N 0EZ6>

N JHEC Lk0M[\R;0 48N;C% FQ9;>~0 >sZ60kDPCMDPFIHk0%0KT /10 46N;FIJ6OI>~0M[kRGF >c>B[ DPF N;48NPFID;>?N 0M[kRGF HMC%0M[8Z6>

HMC~0E[6Z6[6CRGFIOQ>?Hk0OI0EZ6J3OIFI[3RPFj41CE9PFI?OHMCMN > 9;[6> HMC 9;@?CkRP0i HEC\RP> 9PF[60MOI>BLk0

#M.*")/M M'

&

# T XG[ DGFIN;46N;FIDGFIN%HMC%0M[6Z8[C+RGFIOI>BHk0 41CE9PN;FIZ8J\RPF

>?O$FQZ J~HECMN >B9;[6>BHk0 >8CM41FIN 0kD;>?LK[C9;> 9GDPF~0T CM429PDPF 9;@BJ3I0 RPJJ%41CE9PN;FIZ6C Lk0M[\R;J%CM [C

J3 FI9PDPLKJ\R;J >q48N;C FQ9;>1HMC\RPFj9GDPLk0MN 0~>B[ DPF N;48N;F DPF NsHEC%0M[6Z8[ChRPF OQ>?Hk0KiAZ60$q>48N;F 4AJ69PD;>?C

>?OILWN 9;0QLk0E[\RPF 41C\RPFIZ8>B[6>3CWZ'46N;F 41CEOI[80kD;>+HEC~0E[6Z6> T

XY[ DPF N;46N;FIDPF N HMC%0M[8Z6[C RPF OQ>?Hk0sHECMN >B9PD;> CM41F N 0MDP>BLK[6> 9;>B9PDGF[60:48N;CMN 0~9PHEC*[8>?LMC Jqi

RPF NsJ DPCMHKJ 9GLEC3N 0MZ60$41CMOQ>?Lk0$9;>B9PDPF~9PHMFCM41FIN 0I> RGFET

@B0QLk0'lsLMCKZ LUWTVUWTV] l ]

"

n .1u*zAu

lkT=aC\RPF4 C 9;@?C LMF CMBLK[6>q9;>B9PDPF

UWT

dWD;0$CMJ'ZFQ9PHWN;>B46DPCMN J+Z60MDPCMDPF HEF

ST

dWD;0$C~C J * JkRPJ Z60MDGCEDGFIHMF

WT

dWD;0$CM I>?D;0M[kRPJ'> 48>B9;0E[\RPJ+Z80kDPCMDPFIHMF

WT

dWD;0~9;@?FQZ6>1>?OQ0 I>?D;0M[\R;0%>q48>B9;0E[\R;0Z60kDPCEDGFIHMF

T

dWD;0$CMJ'ZFQ9PHWN;>B46DPCMN J46N;C FI9;0

&WT=aC\R;0~9PD;0M[kRP0$46N;C FQ9;0$41C 9GDPC\RPF

l ]KT= 0EZ60sRPF 48N;C FQ9:0kHWD;>?Lk0M[

lMlkT

dWD;0cRPFaHWLk0M[ D;J

lIUWT

dWD;0~9PF Z6F9;0QLk0[60MHMCE[ >B9PD;> 0E[\R;0HWLk0M[ D;J%0

lWT C%HMC)HWN >?DPF N > R;J+9PFJLMFIH?N 00MHWDP>BLk0M['48N;C FQ9

l ST=aC\R;>q48NPFQ@B0MOI>q9;J ~CEJ * > >?O$FQZ J'9PD;0M[kRP0~46N;C FI9;0

lWT=aC\R;>q48NPFQ@B0MOI>q[8>B9;J $CEJ *I>>?O$FQZ J'9PDP0E[\R;0$48N;C% FQ9P0

lWT

dWD;0$C~C J * JkRPJ 46N;C FI9;>

l; T

dWD;0$Hk0MN;0MHWDGFIN > 9PF9GFIHWLMFQ[I> R;0M@B[8>146N;C FQ9

l%WT

dWD;0$Hk0MN;0MHWDGFIN > 9PFHMCE[6HKJN;FI[ D;[6> 46N;C FQ9

l&WT

dWD;0~>%09PLk0kHk0%[6>?DeHMC [HKJN;FQ[ D;[C%46N;C FQ9;0

Uk]KT=aC\R;J CE4 FIN 0I> R;J JLECWZ8>3$CKZ8J6@ OI0~N JHMC Lk0E[\RPF 48N;C FQ9PCMN;C

UKlkT C FjJ~9PF5N 0MOI@ >?HKJ\R;J46N;F HK@ RPJ3I>?Lk0E[\R;0s>?O~FIZ J$[8>?D;>W>B9PDPCh48N;C% FQ9P0a>W46N;FIHK@ RPJ3 >?Lk0E[\R;0

>?O~FIZ J'[8>?D;> N;0MOI[8>+48NPC FI9;0

UMUWT=aC\RPFCM41F N 0 > RGFJLMCKZ8>3$CKZ6J8@AOQ0~N;J6HMC Lk0M[kRGFHMC [ DGN;C @?FIN;>~0

UWT

dWD;0$Hk0MN;0MHWDGFIN > 9PFZN 0 RPLMFINPF

U\ST=aC\RPFCM41F N 0 > RGFJLMCKZ8>3$CKZ6J8@AOQ0~N;J6HMC Lk0M[kRGFN 0MZ8[C $F$CEN > RGC

UWT=aC\RPFCE41F N 0I> RPF 41CMOQ>?Lk0 ~CWZ8J6@ OI0cN;J6HMC Lk0M[kRGF5N 0MZ6[6C ~F~CMN > RPC Hk0EZ60s41CKZNOQ0ILk0

LW>BN;DPJ6FI@B[WJ ~F~CMN > R;J

UWT=aC\RPFCM41F N 0 > RGFJLMCKZ8>3$CKZ6J8@AOQ0~N;J6HMC Lk0M[kRGFZ60MDPCMDPF Hk0~0

U T=aC\RPFCM41F N 0 > RGF 4 CEOI>BLk0$CKZ8J6@ OI0~N JHECQLM0M[\RPFZ80kDPCMDPFIHk0%0

U%WT

dWD;0$C~C J * JkRPJ >

U&WT=aC\RPFCM41F N 0 > RGFJLMCKZ8>3$CKZ6J8@AOQ0~N;J6HMC Lk0M[kRGF46N;C FI9;>~0

k]KT=aC\RPFCM41F N 0 > RGF 4 CEOI>BLk0$CKZ8J6@ OI0~N JHECQLM0M[\RPF 48N;C FQ9;>~0

KlkT=aC\RPF $CKZ6J8@?Fh9;0MZ6NOQ>9;@BC\RGFILK>?D;>1CM41FIN;0MD;>?LK[6>19;>B9PDPF

MUWT

dWD;0$C~C J * JkRPJ 9;>B9PDPF%9PHW>141CEOI>BLW>

lMl LUWTVUKT^]

@ 0QLk0'lsLECKZ

WT=aC\RPF0MZN;FQ9;[F 46N;CE9PDPCMN;F 4 CKZ6NOQ0QLk0$CE41F N 0kD;>?LK[8>q9;>B9PDPF

\ST

dWD;0$Hk0MN;0MHWDGFIN > 9PF>B[ DGFIN;46N;FIDGFIN:HMC~0M[8Z6[6ChRPFIOI>?Hk0

WT=aC\R;> [8>?LMC >1HMCMN > 9%* FI[kRP0%CM41FIN;0MD;>?LK[C%9;>B9PDPF%0$41CE9PDPC\RPF

@B0QLk0'lsLMCKZ LUWTVUWTV] lIU

l LUWTVUKT^]

@B0QLk03U.-= CE[HKJ6NPFQ[ D;[C$48N;CMN 0~>?N 0E[\RPF

\

B

(

vcp5z8r . v=u sp*$}o+-*.,*$n /oqp$1soqu2 u

/10 >?OILWN 9P0QLk0E[\RPFHMC [HKJN;FQ[ D;[8>,48N;CMN 0~0 [60 RPFIZ8[CM48N;C FQ9PCMN 9PHK> N;0 J8[60kN >%0 RGF

D;>?48>I[CZ8046N;C FQ9PCMN=>?O LWN 9;0QLk0$[80kN;FIZ6?D;>8Z6CMHaRGF&~C J* 0~[\RPFI[60j0MHWDP>BLK[CE9PD=>B@B>

ZCEH9PF=[F:Z6FI9;>K48NPFIHK>BZqT= 0EZ60h9PF:ZFQ9;>K46N;FIHK>BZqik48N;C% FQ9GCEN >?OILWN 9;>[80kN;FQZ Z60KT fsHMC CM Z60 >BOI0MO C LMF 46N;F HK@ RPJ3I>?Lk0E[\RPFMi$J*[80M9PD;0QLWHWJ

9PLMC$N 0MZ8046N;C FQ9PCMNe>?O LWN 9;>1[60MNPFQZBLk0M[\R;0> OI0MDP> 46N;CKZ6J3OQ> 9;0

>?OILWN 9;0QLk0E[\RPF[60kN;FQZKZN J EF=[8>?D;> T `hLk0kHWLMC,$F9;0M[\RPFs>?OIL N 9;0QLk0M[kRP0[60MN;FIZ6 N 0kOQ[6>[8>?D;> i

CKZ6[6CE9;[Cc[8>?D;> > CM?Lk0I0c48NPFIHK>BZ60s9PF5[60kOQ>?Lk0"N# )M"' - =

T {N;FI48@B>BDP0E[\RPF

[6>BDP> i~CKZ6[6CE9;[C 46N;FI48@B>BDP0E[\RPF [8>?D;>~>%CMBZ80 >~0 R;J 9P@ J3 0\RP0E[ Hk0kN 0kHWDPF NQiRPF N

J6[80k46N;FQZ[6> RPF 41CMOQ[60kDPC 41CE9;@BF >BO LWN 9;0QLk0M[\R;0 HMCkRGF[60kN;FQZ?D;> 48NPFIHK>BZ>

FILMFI[ D;J60E@B[C 46N;FIHW@ RPJ3 >?Lk0E[\RPFMT~7 C [8> RGF $C J * F3CKZ6NPFQZ6>BDP>"I0kH [6>wOQ0 46N;FIHK>BZF48N 0QLW> @B[C

41F N >BCWZ80Ki{Hk0kC 9PDPC 9;J 46N;FIHK>BZ6>59;0kD;0KiRPF N3>?OILWN 9;0QLk0E[\RPF'HMC [HKJN;FQ[ DP[6C 48NPCMN 0%0 $C O F

OQ0k41C F D;>J*B@?C HMC DPN;FI[WJ6DGHKJ>?O$FQZ J ZLk0 46N;FIHK>BZ60 9P0MD;0KT {N;F%0 DPC$FEi%?OILWN 9PFQ[6> [80kN;FQZ3HECE[HKJ6NPFQ[ D;[C 46N;CEN 0~0 46N;F 48N;LMC*46N;F HK>BZ809;0kD;0Lk0MN >?N 0 CKZ

>?OILWN 9;0QLk0E[\R;0 Z6C >?OILWN 9;0QLk0E[\R;0Kis480 9PF >s48N;F 48@ >?D;0M[\R;0 [6>BDP> i=CKZ6[6CE9;[C 46N;F 4A@B>?D;0M[kRP0 [6>?D;>s>

CM Z60jN 0kOQ@B>BHWJkRPJCKZ'>BO LWN 9;0QLk0M[\R;03ZC~>BO LWN 9;0QLk0M[\R;0KT

dK@BJ3I0 R;[60e46N >?N;CKZ80548NPFI48@ >?D;0M[\R;0=DGFIN 0s[60:N 0kO%> 9;@ RP0E[\RPF{C 9PDGFID;[C*JD;>I0 RPJ48NPFI48@ >?D;0M[\R;0

[60 >?OILWN 9P0QLk0E[\RPF HMCE[6HKJN;FI[ D;[6>46N;CMN 0%0KT CKZ)JD;>I0 RPF 48NPFI48@ >?D;0M[\R;0N;FIOIJ8@?D;0kD;>

>?OILWN 9;0QLk0E[\R;0HMCE[6HKJN;FI[ D;[6>$46N;CMN 0%0,$C JZ60 [8> i CKZ8[CE9;[6C ~CEJZ80

9PF $FQ[\R;0 RPJ'CKZ >?OILWN 9P0QLk0E[\R;0%Z6C3>BO LWN 9;0QLk0M[\R;0KT

dWDPF D;0E[ JD;>I0 Rs46N;FI48@B>BDP0E[\R;0[60~N;F OQJ6@?D;0MDGF

>?OILWN 9;0QLk0E[\R;0aHECE[HKJ6N;FI[ D;[6>$46N;CEN 0~09PF $C OIFc>B@BJ89PDGN;C Lk0MDP>8[60a46N >~F N >%0KT [\RP>~0a9GF

HMCEN >B9PDPF N#! :48N;CMN 0~9PHMCRPF OQ>?Hk0'2"!%!Ai I> RPF /R '

CM4A>B9;J\R;J N J6HMC Lk0M[kRGF CE~0 C LK>HK@B0E9P0T (~FI9PDPC 41C\R %0;+0' . 5

/ wHECMN >B9PD;>19GFaHk0kC$9;> [CE[8> >841CkRP0

*M N ' #LKKT

( (

o n 2 +{o n~F N > 9PDPF D;[6> 46N;FI48@ >?D;0M[\R;0 [6>BDP>{9PF $CEJ 46N;CE[805* >5J CMHWLK>?N J CM41F N 0MDP>BLW[6C 9;>B9PDGF%0Ki

RPF N CE[y46N;FQZ69PD;0ILK@ RP0 DP>B48>I0M[ HECE[HKJ6NPFQ[ D;[6>46N;CMN 0'T `c41FIN 0kD;>?LK[6>9;>B9PDPF >%0

CE9PCEB[6F)HECE[HKJ6NPFQ[ D;[C 46N;CMN 0%0Ki RGFIN Gl 9;>B9PDPF%9PHK> 41CMOQ>?LK>%041CMHWN;FQ[ J6D;>

OQ0N 0 J8[ 46N;C FI9;0>?O HMCMN > 9P[8> HMC*9;@BC\RP0 CKZMC Lk0kN 0 R;J[8>?D;>~CE4 FIN 0kD;>?LK[6C 9;>B9PDPF%0>

RPF N U 3CE41F N 0kD;>?LK[8>c9;>B9PDPF 9;0MZNOQ>hCE?Lk0 F 46N;FIHK>BZ60T /1[60 > icJ DPCMHKJ 0MHWDP>BLW[6CE9PD;>

CM41FIN 0kD;>?LK[C%9;>B9PDPF~0 ~C J * 09;J $FQZ J89PCMBDP0E[\R;0[6>BDP> i60M@B> > 46N;F 4A@B>?D;0M[kRP0~[6>?D;>

>qCEBZ60T

462546271 H3?D;0M[kRP0a[6>?D;>>6CM Z60aJ%CMHWLK>?N J~CM41FIN 0kD;>?LK[C9;>B9PDPF~0,$CEJ3Z609GF

>B@ J69PDPN;JkRPJ [60'46N >~F N J N JHECQLk0E[\R;0 41CMOQ>I> RPC HKJN 9PCMN 0T CMOQ> > RPJ HKJ6N 9GCEN 0+Hk0kN 0MH DPFIN > 9;J

@B0QLk0%U -=aC [HKJN;FQ[ D;[6C$46N;CMN 0%>?N 0M[kRGF LUWTVUWTV] l S

ZLEFHMCWCEN;Z8>B[60MDPF > iq03N J6HMC Lk0M[kRGFC LEC41CMOQ>I> RPC CMI> RGF/

C5E>146N;FQJOQ>%0M[\RPFh41CEOI>I> RPF JC&E T)sJHECQLk0E[\RPF 41CEOI> > RPCHWJ6N 9PCMN 0jCM4A>B9;J\RPFhHK@B0E9;0

!! {N >$FIN:UKTBl T

{N >$FINeUKTBl

!!

695??&%5?3(4&3%(: .

3;:#4+

536

%#?3(4&3%;:*)-,+

@&%#3;0 ?24)BZ80

HMCkRP>WJCMHWLK>?N JCM41FIN 0kD;>?LK[Cc9;>B9PDPF%0:N;F E> 9PDGN JkRGF >BO~FI[F4 CEOI> > RPF{HKJN 9PCEN;0T _sFIHk0KiMOQ0kD;>'i

CM41FIN 0I> RP0 !!! C5E %0~>?OHECMN >B9;[6> HMC+9P@BC\R;0KT

7 0MZ603RPF $CEJ * F Z60 J DPCMHKJ >?OILWN 9;0QLk0M[kRP0 CM41F N 0 > RPF !!! JC&E346N;C FI9B[WJD=N 0MZ6>1CEBZ80KiKHMCkRP0%41CMOQ>?Lk0CE4 FIN 0I> R;J !!+ C&E T fsHEC%9PFDGC

ZFQ9;> [60kHECE[ >?OILWN 9P0QLk0E[\R;0+46N;LMC >B9PHk0kOQ0 ZCKZ6FI@BF>?ODPFI@B0CE41F N 0 > RPF !!! C5E i 0

46N;Fj>?OILWN 9P0QLk0E[\R;03Z6N J MC>B9PHk0kOQ03Z6CKZFQ@?F>?Oj[\RPFI[CDGFQ@B0iAD;0MZ80 * FjN;F OQJ6@BDP0MDh>?OILWN 9;0QLk0M[kRP0

C LMF CM41FIN 0I> RGF ?D;>e41CMN;F9;0M[qT gcC EN;F 9PHMF ZC @B0MOI> i RGFIN3[80kHECE[ 48NPFQJOQ>%0M[\R;0 0k4A9$ >B9PFEi

0 48N;F'46N;FQJOQ>~0E[\R;0 CMN Z8>B[60MDGFEi=CEBZ60 >BO~FI[8>s0k489$I>B9;J >sCEN Z6>B[80kD;JqT /q[60I>

46N;FQJOIF DPF9;J 9PDP0MN 0~0k4A9$ > 9P0~> [C Lk0~CMN Z6> [60kD;0i480sRPFaD;0kHEC3Z6CM RGFQ[60$4 CEOI> > R;0J+HEC\RGCkRc9GF

HKJN 9PCMN5[Fs[60E@B0kOQ> T N;F%0aDPC~FMiKCE48>B9;0E[C46N;F 4A@B>?D;0M[kRGFe[6>?D;>8>6CMBZ80Ki CWZ8[C 9P[6C

46N;FI48@B>BDP0E[\RPFh>?OILWN 9;0QLk0E[\R;0~CE4 FIN 0I> R;0 !!! JC&Eh>I !*! ( C&E{RPF 9PDPF D;[C6T

l LUWTVUKT^]


4625462 4 H3 46N;C FI9;0+J CMHWLK>?N J CM41FIN 0kD;>?LK[C 9;>B9PDPF%0

$CEJ Z80 9PF > @BJ69PDPN J\R;J [80 46N >~F N J N JHEC Lk0M[\R;0 9;@?CE %0KT )sJ6HMC Lk0M[kRGF

9;@?CE< CKZ8[6>)~0RPF~@?CI>?N 0M[6C+J $CKZ6J8@BJ OI0+N J6HMC Lk0M[kRGF3Z60kDPCEDGFIHk0%0'> OI0E9;[6>?Lk0'9GF

[60$46N;F DP41CE9PD;0QLI> Z60~9;J'9;@?CE< CKZ8[6>81CEN$E0M[8>?OICQLk0E[6> J @B>B9PD;JqT 41C\RGFQZ6[6CE9PD;0QLK@ RGFQ[C

9;@BJ3I0 R;JqiqN JHECQLM0M[\RPF$@B> 9GDPC BO LEF OQ>?Lk0M[kRGF/ H C&Ee9;@?CEB9PDPFMT )sJHMC Lk0E[\RPFc@B>B9PDPC B9;J\RPFhHK@B0E9;0H {N >~F NsUWT U T

{N >$FINeUKTVU.H

?(4' 6;4H3?(451B7287&2' .

H3?;4&1B7287&2'/:524+

6&9(' #$$52'

*+

A

+

695??3#?;4 .

H3?;4&1B7287&2' $&3('&?;4*+

536

H3?;4*)?LK[6C 9;>B9PDPFjJ 4 C 9PDGCkRP>wLK> 9PF346N >~F N 0MHk0 9PDGN J6HWDPJ6N;F

HG HG ! HMC\R;>{9;J >B[8> > RP0E@B[CJLEF OQ0M[8>{J @B>B9PD;J CM$FIN;Hk0

HK@B0E9GFH

3#?;4

#3#?;4*+

_sFIHk0%9;J'CM41F N 0 > RPF =H HC&E> H H C5E [60~N;0E9P41CE@B0E0M[kRPJ 9;0$C $CKZ6J8@BJ

OQ0 N J6HMC Lk0M[kRGF Z60MDPCMDPF Hk0~0>h[6F Hk0 9PF 4 CEOI>BLk0 RPJ >?O CM41FIN;0 > RP0 C LMC ~CKZ6J6@ 0KT*7 0MZ60

RPF#~CEJ * FZ60 >?OILWN 9;0QLk0M[kRGF CE4 FIN 0I> RPF H H C&E

@B0QLk0%U -=aC [HKJN;FQ[ D;[6C$46N;CMN 0%>?N 0M[kRGF LUWTVUWTV] l

0kHWD;>?LK[C 9PD;> [8>?D;> [6F HEC 46N;C FI9;0 J ~CWZ8J6@BJ OQ0+N JHMC Lk0E[\RPF~Z60MDGCEDPF Hk0~0KT7=0kC N;FIOIJ8@?D;0kD

>?OILWN 9;0QLk0E[\R;0C LMFCM41FIN 0 > RGF [609PDPF HKJ+41C$FQ[ J6DPFa[6>BDP> [60E9PDP0E[F 46N >~F N 0kH%[\RPFI[6Fa@?CEHk0M@B[6F

46N;C$FQ[6@ R;>?LEF =H AT XYO LWN 9;0QLk0M[\RPFj>B9PHk0kOQ0

:#3;:&20 $&3;'?;4*+

9$$F9PDP0 JC Lk0 R46N >~F N 0MH @BCMHk0M@ [F'48N;C$FQ[6@ RP>?LEF 0MZ6N;FI9;J48N;LMC 9;@?CM 9GDPFeBO LWN 9;0ILM0M[\R;046N;FID 6CKZ6[C

>B9PHk0MOI0ih41CWZ JD;>I0 RPF CMBZ60 ZCEZ F ZC 48NPFIHK@ R;J3I>?Lk0M[kRP0 46N;C FQ9PCMN 0 [60 [6>?D

ZN JMC48N;C FQ9;0KT 7 0EZ60i+J DPCMHKJ0MHWDP>BLK[CE9PD;>[6>?D;>%C LMC 46N;C FI9;0Ki ~C OIF ZC * > Z6C

41CMHWN;FIDP0E[\R;0 RPC9jRPFIZ8[C >?OILWN 9;0QLk0E[\R;0 CE4 FIN 0I> RPF H !H C&E T 7 0kHEC [80 9PDPF HKJ >

C LMF ZN J EF [6>?D;>[60M9PD;0 RPF [\RPFQ[ 48N >$FIN 0kH @BCMHk0E@B[F 46N;C$FQ[6@ R;>?LEF H 8T)X J D;0 R

46N >$FIN;0MH*ZC 9P41F Lk0 0MZ6N;FI9;0 >B9PDPC48N;LMC 9P@BCM 9PDGF 0 C Lk0MHWLMC 9P@BFIZ80 Z6CE0EZ 0 RP03RPF'Z60 41CE9$%0kDPN 0M[80

ZLk0 46N;C FQ9;0Ki< FIO CEBN 0[60 [60E9PDP0QLk0MH[\R;>C LK> 0kHWD;>?LK[C 9PDP> i[FIOQ0ILK> 9P[6C RPFIZ60E[ CKZ

ZN JMC HECMN >B9PDPF > 9GD;> B[C LK[C Z6C LMCKZ6>ZC

0kD;0E@B[C >B9$CKZ60T {N;F%0

DPC~FMiWCM4A>B9;0M[C,$FQZ J69PCM?D;0M[kRGFe[6>?D;>Z6Lk0hN 0MOI[80a48NPC FI9;0i CKZ6[6CE9;[C 46N;FI48@B>BDP0E[\RPF

ZLk0 >BO LWN 9;0QLk0M[\R;0 CM41FIN 0I> RPF H H C&E iARGF 9PDPF D;[6CTXY9PDPC Lk0OQ>s>5OQ0 46N;FI48@B>BDP0E[\RPF

>?OILWN 9;0QLk0E[\R;0 CM41FIN 0I> R;0 H HC&E > =H C&E i{Hk0kC >:OI0 48N;F 4A@B>?D;0M[kRP0 Z6Lk0

>?OILWN 9;0QLk0E[\R;0$CM41FIN 0I> RPF H =H C&E T

4625462 H3?D;>9;J ~C J * 0 >OI0 [8>?D;>HMC\RPF 48N;>B480MZ80 R;J >B9PDPC

46N;C FI9;J T _c0 46N >~F NQi FQ9GDPCRPF41CMDPN;F BDP> $FQZ J69PCM?D;>

>B9PDPC 46N;C FQ9;0KT `hLk0kHWLk0 9;0kN 0MZ8[\RP0 9GF $C O F CE9PDPLk0kN >BDP>:D;0kHEC 9PDPC'RPFIZ8[60 CKZ [6>BDP>(9;0M@ RGF

41CKZ60kDPHEF Z6N J MCkR[8>?D;> T*7 0MHWLk0 N 0MO~FI[80 41CKZ60MD;0kHk0 >?O~FIZ J [6>?D;>c9PF CM [C CE?Hk0 >BCE[C ?D3HMC\R;0 4AJ6[6>:C Lk0\R3%0 >%0

J6@BCEJ *

&

L0 % 4 CKZ80kD;0kHk0 i 0[6>BDeHEC\R;046N 0kOQ[6> C Lk0\Rh%0%J8@?C J )* %!.%R

41CWZ80kD;0kHk0 T )41C\RPFQZ6[C 9PDP0QLK@ RPFI[6C 9;@BJ3I0 R;Jqi{N JHMC Lk0E[\RPF HMCjJ6[6>BHk0I>?CE[8> B9;JkRGFaHW@ 0M9;0

! {N >~F NsUWT" T

{N >$FINeUKT.

!

6%;:H?;4 :H?3:520 3 :54

1 +

695?? 5$$52' .

6&9(' 6%;:#452(:54 1+

536

#$$52'*)

l; LUWTVUKT^]


#:?3:&20 3 :54 3+

$&%(')qCM R;J ! < C&E 4 CEOI>BLk0 [8>?D46N;CE>BO LECEZ 0 46N;C FI9;0HMC\R;> CWZMC Lk0MN;0

>?OILWN 9;0QLk0E[\R;J 41C 9$~0kDPN 0M[6C HMC [HKJN;FQ[ D;[C 46N;CMN 0%0 T d@B>I[CiCE41F N 0I> R;J

= ! C&E~41CMOQ>?Lk0 [6>?D41CMDPN;C9;0 >B9PDPC 46N;C FI9;0 T C LMC\R%9P>BDPJ80I> R;>$C J * FjRGFEi

[60 48N >$FINQiZ60 9PF Z6FI9;>e46N;FIHK>BZ 9;0kD;0 OQ0 LWN;F~F 0kHWD;>?LK[C 9PDP>e48N;CE>?OILMC Z 0I0 J CE41F N 0I> R;>

= ! < C&E T `cBZ60 $C OIF>?OI0MO Lk0MDP>$46N;FIHW@ RPJ3 >?Lk0E[\RPF 48NPC FI9PCEN 0

[60 41CMDPN;C9;0MT fsHMC CM41FIN 0I> RP0 + C&E BLW[6CE9PD;>

41CMDPN;C9;0I0Ki DP0EZ60 41CE9PDPC\R;> $C J *I[CE9PD Z60 41CMDPN;C%9;0 46N;FQJO$F 9;0EZNOI0 R ZFQ@B>%> [6C

41CM4AJ6[\RPFI[6C?D;J60 > RGF$J HMCkRP>~0+46N;C >?OILMCEZ 0~LK> 9PFI9PDPN JHMC

48J8[6> RPF)>B9P48N;0MOI[8>?Ci CKZ6[C 9;[C J HEC\R;>~0 41CMDPN;C9;0

LK> 9PFI9PDPN JHEC 46N;FQJOQ>~0 >B9PDP>9;0EZNOI0 R >?O B9;0E[C 46N;FI48@B>BDP0E[\RPF

[6>BDP>j> 9PDGC 46N;C FI9;0iCWZ8[C 9P[6C 46N;FI48@B>BDP0E[\RPF >?OILWN 9;0QLk0E[\R;0 CE4 FIN 0I> R;0 ! < C5E >

= ! C&E iIRPF 9PDPF D;[C6T

( 5

/$o,+(:

uwveu*z4+?:r . + .,*$n /o+-/$t n . u*zAu

= CE[HKJ6N;FI[ D;[6>K48N;CMN 0~>9PF:OQ0M9;[6>?Lk0\RPJ~[60>BZFYRP>W48N;F 4A@B>?D;0M[kRP0iE0M@B>6[\R;>C Lk0 J41CMDPN;F ?LMC 9PD

OQ0ILK> 9P>$CKZ*9P46N;F 0QLk0E[\RP0 9PDPF D;[6> 46N;FI48@B>BDP0E[\R;0KT "48N;>$FIN >~0 N J6HMC Lk0M[kRP0 41CMOQ> > RGC

HKJN 9PCMN 0i=9;@?CE< CKZ8[6> %0 >=HECjJ8[6>?Hk0 >?C [6> ?D;0M[\R;0 9;J

9PF R;0QLK>B@B0 J DGCEHKJ 46N > 9PDPJ6480M[kRP0 48N;C$FQ[6@ RP>?LK> !!!qi > = ! T C%9PDGC

46N;C$FQ[6@ R;>?LEC\R !!! 48N >B9PDPJ6480 R;J [8>?D;>c>hCEBZ80Ki($C O F 9PF N;F *I>Z60 [6>?D;>

>CEBZ60 $FQZ J69PCM?LKJ T d@B>I[Ciw46N;C$FQ[6@ R;>?LK> H

> ! 46N >B9PD;J480\RPJ N 0kOQ[F [8>?D;> ih4A0 9PF ~CO F N;F *I>Z60C [F ~FIZ J69PCE?LEFMTc/10kDPC 9PFCQLk0MHWLMF$48N;C~FI[6@ RP>BLMF[60kOQ>?Lk0 R;J"N ' "M & 6*"M N ' #L/ i

0HK@B0E9PFMiKHEC\RGFCM4A>B9;J\R;J3N JHMC Lk0E[\RPF ZFQ@ RPFI[8> 46N;C$FQ[6@ R;>?LK>'i 9PF [80kOQ>?Lk0 R;JJ"N ' "M N#! T

462 271 GIA

)

@B0QLk0%U -=aC [HKJN;FQ[ D;[6C$46N;CMN 0%>?N 0M[kRGF LUWTVUWTV] l%

DPF H [60kHECE[ OI0QLWN 9PF DPHk046N;FID$CKZ6[6C OQ0k41C F DPC >?O LWN 9;0QLk0M[kRP0 [FIHMF CKZ C LK> CM41FIN 0I> R;0KT

_c0 DP0\R [60 > [*9PLk0kHEC CKZC LK> >BO LWN 9;0QLk0M[\R;0 CE9PD;0QLW@ RP0 >jOI0MD;> F ZFQ@ RPFI[6F 48NPC$FQ[6@ RP>?LEF

J //M

&

!M.M/ 48NPFQZLK> Z FQ[C $9PD;0M[kRPJ T#- FIZ JD;>'i 9PDPF D;[60 46N;FI48@B>BDP0E[\R;0 [F >?N 0 R;J

41C~FI[WJD;J$46N;F DP41CE9PD;0QLWHKJqi RPF N Z6CM48J 9PDP0 R;J$Z80a[6CQLEC>BO LWN 9;0QLk0M[kRGF:[FIHMFeCM41FIN;0 > RGF:ZFQ@ RPFI[6F

46N;C$FQ[6@ R;>?LEF%OQ0k41C I[F'48N;F[6F EC 9GDPC 9PF+OQ0QL N 9;>B@BC LMF *'OI0M4 C FIDGC >?OIL N 9;0QLk0M[kRGF'[6F HEF+CKZ

CM41FIN 0I> RP03>B9PDPFjZFQ@ RPFI[6F48N;C$FQ[6@ RP>BLMFMTe_c03DP0\Rh[60I>B[qi1[C LEC>BO LWN 9;0QLk0M[\RPFOQ0kD;> F~ZFI@ RGFQ[WJ

46N;C$FQ[6@ R;>?LKJ J Z6FI@ >~>I[C >?O$FQ[\RPFQ[C'i OQ[60I> 41CMDPFI[ > RP0E@B[C [FIHMC [OQ>B9PDGFQ[ D;[C

9PD;0M[\R;Jqi 9GDPCy[8> RPF ~C J * F HMCKZ 9PFIHWLMFQ[ > RP0E@B[C >?O LWN 9;0QLk0M[kRP0 CE41F N 0I> R;0 ZFQ@ RPFI[6F

46N;C$FQ[6@ R;>?LEFMT NPCE+46N;F 4A@B>?D;0M[kRP0[Fa41CE9PDPC\RP> iW0MHMC~9PFaCMB9PD;J480E[\R;0cZFQ@ RPFI[6> 46N;C~FI[8@ R;>?LK>'iQCKZ6[6CE9;[6Ci

Hk0MZ80 9PF >?OILWN 9;0QLk0 R;J $FQZ J69PCM 9P[8> Z6FI@BC LW>HECE[HKJ6N;FI[ D;[C48N;CMN 0~0KiD;0MZ60

[F~0 ~CEJ * [C 9PDP> OQ0J MN;C OQ0QLk0M[kRGFHECE[6OI>B9PDPFQ[ D;[6CE9PD;> Z6FI@ RPFQ[6> 46N;C~FI[8@ RP>BLK>qi 4A0

[F~0 [8>&9PDGFID;[6>48N;F 4A@B>?D;0M[kRP0T7 FI@ 0 CM41FIN 0 > RP0 Z6FI@ RGFQ[6> HK@B0E9;0 >B@B>eZFQ@?C LK>eC LW>DPFI@B0i

> RGF >?OILWN 9;0ILk0E[\RPFRGF+HWN >?D;>I[C OI0 HMC [OQ>B9PDPFI[ D;[C 9GD~ZFQ@ RGFQ[6> 46N;C$FQ[6@ R;>?LK> i9GF [80kOQ>?Lk0 R;J

.# %M !0 ' T

462 2

< ? ?

- FIZ J69PCEB9PHK@ R;J3I>?LMC 9PDcHWN >?D;> [8> 9PFIHI> R;039PFC 9PDGLk0MN J\RPFjLWNPF$FQ[69PHK>J89GHK@ 0MZ >BLk0M[kRGF

[\R;>6CQLK> >?OILWN 9;0QLk0E[\R;0KTdW46N;C LMC Z FI[kRGFjC Lk0kHWLEC J69PHK@B0MZ >?Lk0E[\R;0%9PF$[80kOI>BLk0J!#M M

&

/R '

T d>B[6N;CE[6>BOI0 > R;0Ki OQ0MZ8J2O FQ[60 OI0 CE9PDPLk0kN;FQ[\RPF ~FQZ J89GCEB9PHK@ R;J3I>?LMC 9PDP> i [6> RPF RPFIZ6> [60LWN 9PDP09;> [N;C [6>?OQ0I> RPFMT _c0 46N >~F NQi HECWZ N;J6HMC Lk0M[kRP0

HMCjJ6[6>BHk0I>?CE[8> [60M>BO~FI[8> [6C >?O LWN 9;0QLk0M[kRGF

CM41FIN 0I> RP0 = ! < C&E > + C&E i Z60 9PF 9P48N;FI>B@?C 48J6[kRGFQ[\RPF

[FQ>B9P46N 0OI[\RPFQ[C HECjJ6[8>?Hk0I>?C [C @?C 46N 0OQ[\RPFI[kRGF

[FQ[60M48J6[kRGFQ[C HMCjJ8[6>?Hk0 >BCE[CB[N;CE[8>?OI0 > RGFEi HMC\R;0CE9PDPLk0MN;JkRGF

C Lk0kHk0QL ZCKZ60MDP[8>{J69;@?C L J 41C @?FQZ6J >?OILWN 9P0QLk0E[\R;0 HWN >?D;>I[6> 9GFIHI> R;0Kiw9PF3[80kOQ>?Lk0Q, !N#"L M

!#M /M

&

R ' T

462 2 D <

)

H

G> =<

48N >$FIN J N J6HMC Lk0M[kRP041CMOQ>I> RPC HWJ6N 9PCMN 0Ki 9PDPF D;[60 48N;F 4A@B>?D;0M[kRP0)[60M9PD;J4A0 RPJ Hk0kC

41CE9;@?FQZ6> 0 CEBZ80KTyfsHEC 9PF CE[6F~CEJ * F 48N;F HK>BZ8>jJ HWN >?D;> [8> 9PFIHI> R;0~0

CKZ EC Lk0kN 0 R;J * F ZFQ@ RGFQ[F 46N;C~FQ[6@ R;>?LMFEi DP0EZ60 JyDPCMHKJ >?OILWN 9;0QLk0E[\RP0 C LK> HWN >?D;> [8>

9PF H > RP0 [8>B9;J $CEJ * F [8>%CEBZ60i34A0[6>341C~FI[WJ6DP0.9PDPFIDP[80 46N;FI48@B>BDP0E[\R;0KT

/ BZ8[CE9PD;> >?OIL N 9;0QLk0M[kRP0 [6FIZ6FI@ R;>?LECE9PD;> i C Lk0kHWLK> HWN >?D;>I[6> 9PFIHI> R;0~0

46N > 9GD;0 RPF$>~F !).F*#/M T$_sFI46N;F HK> Z6[C 9PDh0kDPC%9PHK> N;F >?CE[80 E0kN 0E[ D;JkRGF3[\R;>C LKJ

l& LUWTVUKT^]


$FQZ J69PCMB9PHK@ RPJ3 >?LECE9PDIT{fc@B> iW41C9PDPC~CE[6F~C J * FQ[\RPF46N;F HK> Z60jJ 0kDPC%9PHK> N;FE>?C [6>%0

CKZ6@B0O FjCE 46N;FIHK>BZ60%> J89G41CEN 0QLk0$N;FI0MHI> R;J 48N;C% FQ9GCEN 0[60%Lk0M[\R;9PHMFjZCE0MZ 0\RGFEi

Lk0OQ[C RGFZ60%>?OIL N 9;0QLk0M[kRP0%0kDPC%9PHK> N;FE>?C [60?Lk0541CE9PFIZ8J\RPF RGFQZ6[WJ/, !)M R,OQ0sJ6@B0MOI0MH J[\RPFI[6F{H N >BDP>I[F

9PF H > RGFET NPCE48J89P[8>I0 $C O F ?D;>C!N#+ M [6FIZ6CKZFQ@ RGFQ[60 ~> @B>

&

,

&

") ZCKZFQ@ RPFI[80 T

CKZN 0kOQJ~F Lk0+9PFZ60 F[6> RPF $CEJ *~J6@B0MOI0MH J HWN >?D;> [WJ 9PF H > RPJ ZFQ@ RPFI[6F

46N;C$FQ[6@ R;>?LEFMT /10MDGC 46N;CE48J69;[8>IJ DPN 0O F 9PLMF'[6>BDP>HMC\RPF 9PF+D;0kH%> F OI0 J6@ 0kOQ0kH J [FIHKJ

CKZ HWN >?D;> [8> 9PFIHI> R;0 >B9PDPF~ZFQ@ RPFI[6Fj46N;C~FI[8@ R;>?LMFET - FIZ J6DP> iq46N;CE48J69;[8> J ZCE R;09;0$C

RPFIZ8[60 CKZ [\R;>>jCE[80 J8@B0kOQ>J HWN >?D;>I[WJ 9PF H > RPJ T `h9PD;0M@BF [8>?D;>OI0EJ69PD;0ILK@ RP0 R;J9GLEC\R;J

0kHWD;>?LK[C 9PD >~46N;FI@ 0kOIF J9PD;0M[kRGF F HM0?T dWLk0kHM0 CKZ [\R;>*CE9PD;0 RGF J DPC 9GD;0E[\R;JZ6C

FILMFI[ D;J60E@B[CZCE R;0M[kRP0aDGN 0OIFQ[Fc46N;CE48J69;[8> FMT 7 Cj9PFsZFI9;>8DPF H$41C%9GDPC[8>?DIiEHMC\R;046N > 9GD;J6480

ZFQ@ RPFI[6C\R46N;C~FI[8@ RP>BLMC\RIi [80k48J89PDP>[\RGFQ[WJ HWN >?D;>I[WJ 9PFIH > RPJ > LWN 0kD;> 48N;CM48J89;[6>IJ ZFQ@ RPFI[6F

46N;C$FQ[6@ R;>?LEFMT _h>?DIi1HEC\R;0+DP0EZ60+ZCE RPFj46N;CE48J69;[8>IJqi8CKZ%0 46N;FQ@B0MOI> >?O$9PD;0M[kRP0 F Hk0 J

9PD;0M[\RPF^9P46N;F%[60 ?i80M@ >qJ HWN >?D;> [WJ'9PFIHI> R;J J8@B0kOQ>1DPF H Hk0EZ60$41C 9PDP0E[F0kHWD;>?LK[60 CKZ6[6CE9;[6Ci

Hk0MZ80~9PF 46N;C FQ9PCMN:46N;FIHK@ R;J2 >q[80~[kRPJ T

):J6HMC Lk0E[\RPF 46N;CM4AJ69;[6> C Z6FI@ RPFQ[F 46N;C$FQ[6@ R;>?LEF RGFEi3D;0kHECEZ FEiJMN;C OIFI[6C 9PDPF D;[6>

46N;FI48@B>BDP0E[\R;>%0KT/ B9PDPFI[ D;[CE9PD 46N;CM4AJ69;[6> 0 ~CMN 0 OI09PD;>?D;>?D;> T/10 DGC

9PFCMI[C~HMCMN > 9GDPF0kDPC%9PHK> N;F >?CE[8> i RGFINs9;J N JHEC Lk0M[\R;0$48N;CM48J89;[6>I0%0HWN;0MDPHMCMDPN 0 R;[60T

C[60 >B[WJ CE9PDPLk0kN;FQ[\R;0 $FQZ J89PCMB9PHK@ R;J2 >BLMCE9PD;> ih0MDGC~9PHK> NPFE>BCE[6> 9PF N 0kOQ@B>?HKJ\R;J

CKZC [6> HWN >BDP>I[6> 9PF HI> R;0*HEC\RPF ~FIZ J69PCEB9PHK@ R;J3I>?LMC 9PD C 9PDGLk0MN J\R;JHMCEN > 9* FQ[\RPF

46N;CE48J69;[8> 0Te/10MDGC3C LMF$Z6N J MF9PF H > RGFDPN;F RPFj[60kOILk0kD;> i [60%46N >~F NQi !) N ' ,%#L.

/#M T

XY[ DPF N;FQ9P0E[ DP[6C RGF J6C I>?D;>3Z80 46N;F HK@ RPJ3I>?Lk0E[\R;0 J >B9PHK@ R;J3I>?LK> N;FE>BCE[6>~0 JOIN;CMHKJ\R;J

41C\R;0QLWJ 9PDPFIDP[8> 46N;FI48@B>BDP0E[\R;0Ki 0M@ >w>wC$CEJ *IJ\R;J [\R;>6C LMC'9P46N;F 0QLk0E[\RGFET37 0kHECi 0MHMC [6>?DIi

> RPJ0MHWDP>BLW[6CE9PD~RGF C$CEJ *I>B@?C 46N;FIHW@ RPJ3I>?Lk0E[\RPFMi 4 CEHKJ 9;0 Z60 J8Z F J>B9PHK@ R;J3I>?LK>hN;FE>?C [

ZFQ@ RPFI[6F%48N;C$FQ[6@ RP>?LEF~9;0 OI0EJOIF DPC 46N;CE48J69;[8> C i DP0EZ60 CM41FID48N;F HK@ R;J3I>?Lk0M[kRGF3ZC LMCKZ8>

ZC%OI0EJ69PD;0QLK@ RP0E[\R;0~0MH D;>?LK[6CE9PD;>qC LMFj[6>BDP> T {N;F~0~DPC$FEi848N;LMC$48N;F HK@ R;J3I>?Lk0M[kRGF5RGF9PDGLECMN >B@BC

J69;@BCQLEF=OQ0h41CkRP0QLKJ9PDPF D;[C46N;F 4A@B>?D;0M[kRP0iM0aZ6N;JMCa46N;F HK@ RPJ3I>?Lk0E[\RPF RGF:9P46N;F >B@BChD;J41C\R;0QLKJqT

c9;@?C LK[60c9;>B[N;CE[8>?OI0 > RP0e9PFMiEDP0MHMCEZ FEiMOQ0M9;[6>BLk0c[60sOQ0MJ89PDP0QLK@ R;0M[kRPJ0MHWDP>BLK[CE9PD;>W[6>?D;> ikZ6CMH

9PF[F > 9P48J6[8>AJ89;@?C LHMC\R;>WRPF[6F CM4 CKZ60E[+OI0%[60E9PDP0QLk0MH 41C$FQ[WJDPF 0MHWDP>BLK[CE9PD;> T

@B0QLk0%U -=aC [HKJN;FQ[ D;[6C$46N;CMN 0%>?N 0M[kRGF LUWTVUWTV] Uk]

(

p :+ t?z *+psr p($n *+ sp*}o,+-*8. *~n /$oqp$1soqu32 u

C O FQ@ R;[FCE9PCEB[6FHMC [HKJN;FQ[ DP[6C 48N;CMN 0~0 46N >?48> 9;J\R;J [\RPFMC LK> >BO LWN 9;0ILM0M[\R;>%0

DPLWN Z6[\RPFsHMC\RPFcLk0OIFaOQ09PLk0>?OILWN 9;0QLk0E[\R;0jHMCE[6HKJN;FI[ D;[Cj46N;CEN 0%0KTdWLk0kHk0CKZ341C OIFI@ RP[8>

CE9PCEB[80+JLMCKZ8> > @B>IL *M' , !7 N ' ,%#LKM' JM" %

&

"N ' M J s> @B>IL *M' ,

, N ' ,%#LKM' %

&

"N ' M

J T {N >~F N > DPL N Z8[\R;> >B9PHK@ R;J2 >BLk0M[\R;0

[FI41C OIFI@ R;[C 9;J DPLWN Z6[\R;0 Z60 J >BO LWN 9;0QLk0M[\R;>%0 HECE[6HWJ6N;FI[ D;[C 46N;CEN 0~0 [F [80M9PD;0 R;J

41CEN;F 9;[6> N;F OQJ6@BDP0MDP> i >B@B> DGLWN Z6[kRP0 Z80 J >?OILWN 9;0ILM0M[\R;>%0 HMCE[6HKJN;FI[ D;[C46N;CEN 0%0

[F~0 [60kN J 9P0QLk0E[\R;0 ~FIZ J89GCEB9PHK@ R;J3I>?LMC 9PDP> HWN >?D;>I[6> 9PFIHI> R;0KT 46N >$FIN;F

DPLWN Z6[\R;>JHK@ R;J3 >BLk0M[kRP041C OIFQ@ RP[6C9G4A0MZ80 RPJDGLWN Z6[kRP0Z80*>BO LWN 9;0ILM0M[\R;0 HECE[HKJ6N;FI[ D;[C

46N;CMN 0%0%>~0 R;J'HWN 0 Rs>B@ >qDGLWN Z8[\R;0$Z6039PFjZFI9PFj9PLK> OQ0kDPN 0OIFI[8> J8@B0M9$I>J H N >BDP>I[F9PF H > RGF

HMC [HKJN;FQ[ DP[6C%46N;CEN 0~0%J+DPCMHKJ [kRGFMC LEC+>?OIL N 9;0QLk0M[kRP0T

/10 HMC [HKJN;FQ[ D;[6>48NPCMN 0 9PF $C O FN;F *I>%Z80 >~0 [F HKJ*CKZ 41C OIFI@ R;[6>CE9PCEB[80

9;0~C 0kHMC 9PF Z6CMHk0OIF [60[6F

CMN ~0E@B0E[ >B@ >

CMN ~0E@B0M[ [60 >B[ +Z60 Lk0OQ>DPL N Z8[\R;0 HEC\R;J

41C~FI[WJD;0 C 9GCEB[80 JLMCKZ8> T `hLk0kHWLEC N;F OICE[6CQLk0E[\RPF*C >B9P48N 0ILK[6CE9PD;> HECE[HKJ6N;FI[ D;[C

46N;CMN 0%0+RPF [FICM4 CKZ6[6CiRPFIN9;@ J2 0 R;[60 46N >?N;CKZ60 48N;F 4A@B>?D;0M[kRP0 ~CO F Z60 BDPJ80I> R;> i:4 C [C LK@ RPFI[80 >?OILWN 9P0QLk0E[\R;0 HECE[HKJ6N;FI[ D;[C 48N;CMN 0~0KicJ DPCMHKJ HEC\RP>

9PF CM 9PDP>a41CKZ60I> ia[6F $CMN 0\RPJ Z60>~0 R;J > 9PDP>>B9$CKZ T / B9P48N;0QLK[6CE9PD;>kHMC [HKJN;FQ[ DP[6C:46N;CMN 0%0=[6F$C OIFZ80=9PF{OQ0M9;[6>BLk0=9;0$Cs[60=41CMHk0MOI>?Lk0E[\R;JaZ80

41C\RPFIZ8>B[603>?OILWN 9;0QLk0M[kRP0 HMCE[6HKJN;FI[ D;[C 46N;CMN 0%0+>~0\RPJ >B9P46N 0QLk0E[ N;FIOIJ8@?D;0kDIiWRGFINaD;0I0M[

N;F OQJ6@BDP0MDIiEZCM RPFI[JeRPFIZ8[C> @B>MLK> 9PF=>?O LWN 9;0QLk0M[kRP0i [F5>B9PHK@ RPJ3 JkRGF~CEJ * [C 9PDw4 C 9PDGCkRP0E[\R;0

>?OILWN 9;0QLk0E[\R;0$HMCkRP0%OI0%>B9PDPF J8@B0kOQ[F 41CWZ80kDPHMFZ60 R;J [6F D;0I0M[ N;F OQJ6@?D;0MD T

( "

oqp$1soqu2 r n z4+ {n

n wusp*$}o,+-*8.,*p0/$oqp$1soqu32 n;oqu3*5z +

= CE[HKJ6N;FI[ D;[C 48NPCMN 0%>?N 0E[\RGF~9GF~N 0kOQ@B>?HKJ\RPFCKZ 9PFIH LEFI[ > RP0E@B[C'41C+N JHMC Lk0E[\R;J [6>?D;>%0

>+ZFQ@ RPFI[8> 46N;C~FI[8@ R;>?LK>%0KT `c4A>B9;>?Lk0E[\RPF C Lk0MHWLK> N JHMC Lk0E[\R;0 9PF ~C OIF OQ0M9;[C Lk0MD;>

[60 HECMN > 9%* FI[\R;J 41C 9PF HMC [HKJN;FQ[ DP[8> >B9PHk0kOQ0 HECE[HKJ6NPFQ[ D;[C 46N;CEN 0~9PHEC'RPFIOI>?HM0KT

= CE[HKJ6N;FI[ D;[6>%46N;CEN 0~9PHK> RPF OQ>?H ~C OIF [80M9PD;0kD;>Hk0kCN;FIOIJ8@?D;0kD 48N 0QLW@ RGFQ[\R;0 41CMDP48J6[6C

[C LEC 46N;CEN 0~9PHEC RGFIOI>BHk0 >B@B>:HM0kC N;FIOIJ8@?D;0kD46N;C%9;>BNPFQ[\R;0 41CE9PDPC\RPF * F 9PFIH LEFI[ > RP0E@B[C

46N;CMN 0%9PHMC RGFIOI>BHk0 HMC [HKJN;FQ[ DP[8> >B9PHk0MOI>%0KT CMB9PD;J4A0 [FI>BO ?LK[C 9PD;>LMFIOQ0M[F OQ0 ZF48[6> 9;0M[\RPF%9;>B[ D;0kHK9PF >59GF~0E[ DP>BHMF+46N;CMN 0%9PHMC3RPFIOI>?Hk0i{Hk0kC >

0kHWD;>?LK[C 9PD;>LMFIOQ0M[F OQ0 OI0 Lk0kDPF'[60 HMC$4A0 RP@BF N JqT `hLk0kHWLMF 0MHWDP>BLW[6CE9PD;>59PF >?OI?N 0M[kRGF OI0E9;[6>?Lk0~[60$HECMN > 9%* FI[\R;J'HECE[6HWJ6N;FI[ D;[FB?CEDPF HMFET

_wRPFI[80 ZCKZ80kD;[60 46N;FIZ8[C 9GD=RPF 9PDPC C$CEJ *IJ\RPF Z60'9PF3OI0 HMC [HKJN;FQ[ DP[6C 48N;CMN 0~>?N 0E[\RPF

HMCEN >B9PD;> LMF *4 C 9PDPC\RGF * > iwOQ[60I>54 CEOI[80kD46N;CMN 0%9PHW> RGFIOI>BH T {N;F%0 DPC$FEi 41CE9$%0kDPN 0M[6C

9;0 48N;0MHWDP> [C 9PD;0M[6C LW> 9GD;0icCM46N 0QLKZ60E[C RPF HECE[HKJ6N;FI[ D;[C 46N;CEN;0~>BN 0M[\RPF'C 9P@BCE[6>BDP>:[80

HMC [HKJN;FQ[ DP[WJ ??CMDPFIHWJ TfcHMCRPF$HECE[HKJ6NPFQ[ D;[60+BBCMDPF Hk0+[80~FI[\RPFQ[60+OQ0+CM RGFQ[ DP> 9P0E[6> 46N;CMN 0%9PHW> RPF OQ>?H ikD;0MZ80sCE[60&$C OIF:Z60s9;0MZ6NOQ>KZF48[6> > RGFwHK@B0E9P0cHMC\RPFCM4A>B9;J\R;J

N JHEC Lk0M[\RPF [6>?D;>%0 >~ZFQ@ RGFQ[6> 46N;C$FQ[6@ R;>?LK>%0KT DPC 9P@ J3 0\RPJ i~HMCEN > 9* FQ[\RPF CQLK>

HK@B0E9P0 46N;FIZ89PD;0ILK@ RP0 48N >?N;CKZ60M[ [80% > [OI0 46N >~FI[WJ HMC [ F 4A0kD;0 HECE[HKJ6N;FI[ D;[C

46N;CMN 0%>?N 0M[kRP0T

UKl LUWTVUKT^]


(

vcp| } sp*}o,+-*8. *} $n $t n;p3. +{} spz8u

n 20/$t +-2+-*8.qn;oqu |7+{p 2+{| }7*ueoqp |:*p$1 r .1u3*$|$ueoq|$u

$

- FIZ J6[80kN;CKZ6[8>k9PD;0M[6Z80kN Zj2 !%! lMlw48N;FIZ6LW> Z 0eN JHMC Lk0E[\RPF[6>BDP>~0=>EZFQ@ RPFI[8> 46N;C~FI[8@ R;>?LK> T

C LMC\R HK[\R;>?OI>9PF >BOI@B0O F 9P0$C 41CKZ69PHKJ64 [80I>B[60OQ0N JHECQLk0E[\RPF [8>?D;>~0 >ZFQ@ RPFI[8>

46N;C$FQ[6@ R;>?LK> HMCkRGF 46N;FQZLK>BZ 0 $FQZ J6[60MN;CKZ6[6>9PD;0M[6Z80kN Z,2"!%! lMlMT /10 CMOQ[60I0QLk0M[\RPF

41C~FI[WJDPCe41CKZ89GHKJ6480=JaC LMCkR HK[\R;>?OQ>M9PF{HMCEN >B9PD;>E9PHWN 0 *I[6>I0.0/+/*1 2 2

T

):J6HMC Lk0E[\RPF%[6>BDP>~0C~C J* JkRGF3HK@B0M9;0 AT$_wRGFQ[ HECE[69PDPN JHWDPCMN=RPF~OQ0MZ6J3OIFQ[ OI0

HWN;FI>BN 0M[\RPF 9GDPLk0MN 0M[\RPF~> 41CMHWN;F D;0E[\RGF s[8>?D;> T=0kC 0MN$EJ~FI[ D 41CMOI>BLk03CQLEC HMCE[89PDGN J6H DPCEN;0

[60QLECKZ6> 9PF 0EZN;FQ9;0

J6[H > RGFhHEC\R;0~CE48>B9;JkRGFa[8>?D [kRGFQ[WJ'0kHWD;>?LK[C 9PD T 7 0kHMC

J6[H > R;0

@&%#3(0

4#'52#9(0&1259B7

2)B9;J\RPF[6>BD JjDPCMHKJ > RPF50MHWDP>BLW[6CE9PD;>9PFOQ0kDPN 0OQ>6OQ0MZ60QLk0E[\RPF=LWN;FQZ6[C 9PD;> M48N >?Hk0OIF D;0eL N;FQZ6[6CE9PD 46N >?Hk0MOI>BLk0M[\RPF HMCE[89PDP0E[ DGF sZC LMCKZ6> ZC:41C~F N 0E[\R;0=HKJ6N 9GCEN 0

[60'41C FID;0kH 9;@?FQZF * F+@B> [6> RPFFIH N 0E[60 T {N;FQZLK>BZ FI[6C$RPF3Z80'HWN 0 R0MHWDP>BLK[CE9PD;>{C Lk0kHWLEF [6>?D;>

[60E9PDPJ648>KHk0EZ609PF:>BO LWN 9;>DPFI@BC

J6[6HI> RPF5HMCkRP0CM4A>B9;J\RPF=Z6CMD;> [WJ3[6>BD T=aN;FQ>?N 0E[\RGF=C Lk0kHWLEFh[6>?D;>

RPFa46N >BHk0kOQ0M[C%J'9;@?FQZF * F,46N >$FIN J

3;:#4

79#3;:*)BN 0M[\R;0 [8>?D;>[FICM4 CKZ6[6C$RPF3CKZ6N;FIZ8>?D;> [\RPFI[ CKZ6[C 9j46N;F~0

J6[6HI> R;> GI C&E T

= N 0 R >?O LWN 9;0QLk0M[kRP0C LMF

J8[HI> RPF CKZ6[6CE9;[C6i HWN 0 R 0MHWDP>BLW[6CE9PD;>8[kRGC\R{HECMN;FQ9G41C [6ZFQ[ D;[Fs[6>?D;>

CMOQ[60 0QLk0 H N 0\R 0kHWD;>?LK[C 9GD;>[\RPC\R CKZ EC Lk0kN 0 R;J * F 46N;C FQ9;0Ki0DP>$F >9PLK> [6>?D;> C LMC

46N;C FI9;0T gh0 [F'sZC%9;@?C ZC 48N;F LWN;F~FQ[C H N 0\RP0 0MHWDP>BLW[6CE9PD;>:HWN;FI>?N 0E[F [8>?D;> iHK@B0E9;0

~[WJ6Z6>8CM41FIN;0 > RPJ H C&E T{`h[80OI0EJ69PD;0QLW@ RP0~0kHWD;>?LK[C 9GD=9PLMC~41CMOQ>?Lk0kCI09PLMFaZ6CMH

9PF[FaOQ0QLWN 9;> 0kHWD;>?LK[C 9GDs[8>?D;>1[60$HEC\R;J'9PF CKZ8[CE9;>1C Lk0~CM41F N 0 > RP0T{7 0kHEC~46N >$FIN

3;:#4

79#3;:*)

@B0QLk0%U -=aC [HKJN;FQ[ D;[6C$46N;CMN 0%>?N 0M[kRGF LUWTVUWTV] UMU

= @B0E9;0 [WJ6Z8> > CM41FIN 0 > RPJ * C&E41C$C *IJ HMC\RPF*9PF*9;0MCM429PD;0QLk0,Z80

N;F J6@B0MN 0M[ H N 0\Rs0MHWDP>BLK[CE9PD;>[8>?D;> [60%HMC\R;J 9GFCKZ8[CE9;>qC Lk03CM41FIN 0I> R;0~C O F~Z603[60M9PD;J4A> >

Hk0kC%41CE9;@?FQZ6>I0jHWN 0 R;0~0MH D;>?LK[6CE9PD;>146N;C FQ9;0$HEC~FZ6CMD;> [80%[8>?D=46N >?480EZ60T

= 0EZ60$9PFHWN;FI>?N 0jLK> 9PF[6>BDP> i~C J* 0aRPF 41C\R;0QLk0 9PDPF D;[C%48N;F 4A@B>?D;0M[kRP0T {N >~F N

3;:#4

79#3;:*)BHk0kOQJ\RGF HWN;FQ>?N 0M[\RPF ZLEF [6>?D;> 41CKZN 0MOIJ$FILk0 9GF Z80 9PLMF [6>BDP>~46N;C FI9;0 >%0 RPJ>B9PD;>

46N >BCMN >?DPF D T DGCEHKJ [\R;>C LK> 0kHWD;>?LK[C 9GD;>,$CEJ *I0 9;J 9GDPFID;[60 46N;FI48@ >?D;0M[\R;0 [kRP>C LK>

>?OQ@B0kOQ[6>$>6J8@B0kOQ[6>jCM41F N 0 > RP0i RPF N [6F%0 0kN 0M[ > RPFsZ60 * FcJ~N 0kO~0kDPN 0M[6C46N >~F N J$?D;>

>?OILWN 9PFQ[Fh9PLEFa>?OQ@B0kOQ[Fa>AJ8@B0kOQ[FcCE41F N 0I> RPFc46N;LECMHWN;FI>BN 0M[Fc[8>?D;> i 4A0DGFIH3CE[6Z80j9PLMFa>BOI@B0MOI[6Fh>

J6@ 0kOQ[FCM41FIN;0 > RGFZ6N;JMCEH N;FQ>?N 0M[6F[8>?D;> Tsgh0 9PF9P46N;FI>B@?C ~F 9;0M[kRGF>?OQ@B0MOI[8> > J6@B0MOI[8>

CM41FIN 0I> RGF{N 0MOI[8>[6>?D;> i 9PLk0kHk0sCKZ[kRP>aDPN;F B[80M@M48N;F{CM

>?OQ@B0kOQ[6> >J8@B0kOQ[6> CM41FIN;0 > RP0i 0 [60MHMCE[ [\R;>6CQLEC CMB[60E@ T

C9PDPC 41C$FQ[WJDPC HMCEN > 9*I[\RPF DPFIN ~>B[80M@B0 46N;FQZ69PD;0QLK@ RP0 HWN >?D;>I[WJ9PFIHI> R;Jqi $FQZ J89PCMB9PHK@ R;J3I>?LMC 9PDeC LK> HWN >?D;> [8>'9PFIHI> RP039PF $C O FOQ0M9;[C Lk0MDP> [80~J41CEDGN;FIq48N;CM48J89;[6> FaHEC\RP0

N;F 48N;F OIFI[ D;J\RPF DPF N %>B[60E@ T 7CC~C J* JkRGF HW@ 0M9;0 G AT_wRPFI[ CM$FIN J

7 #452 4#2' 73 :&9 +

@&%#3(0

4#'52#9(0&1259B7

2)

U LUWTVUKT^]


DPF~48@?FYRPD~HK@B0E9GF

$CEN 0 9PF [60QLEFI9PD;>cCE?LECE9PD;> >?OQ@B0MOI[6> >J8@B0kOQ[6> CE41F N 0 > R;0 N 0MOI[6> [6>BDP> 46N >$FQ[CHK@B0E9GF

%>B@ J69PDPN;JkRGFh46N >~F N

7 #452 4#2' 73 :&9 +

@&%#3(0

4#'52#9(0&1259B7

2)

46N >$FIN;0MHk0KiCKZ8[CE9;[6CiKN 0MZ6>1OQ09PD;>?DPFjHMC [OQ>B9PDGFQ[ D;[CE9PD;>Z6FI@ RGFQ[6>48N;C$FQ[6@ RP>?LK>qT

c@B0kOQ0kH J >B9PHK@ RPJ3I>?LK>sN;FE>?C [ [8> RPF ~C J*ki0kHMC RGF 46N;CE48J69;[8>I0 OQ0MJOIF D;0T DPC

9;@BJ3I0 R;J 0MHWDP>BLW[6CE9PD [6>BDP>a9PF OQ0MJ89PDP0QLK@ R;0KT XY9PDPC 9PF ZF9;0QLk0>cDPCEHMC 0MHWDP>BLW[6CE9PD;>h[6>BDP>hJ

>B9PHK@ R;J3I>?LMC N;F >?CE[WJ i+0MHMC 9PF J69PD;0M[6C LW>+Z80DPN 0O FQ[6> J69;@?C L i [FICM46CKZ60M[ OQ0*[kRGFQ[WJ

0kHWD;>?LK[C 9PDIi1[8> RGFj>B9P4AJ6[\RPFQ[qT3=0MZ803DP0\RaJ69;@?C L'> 9G4AJ6[8> ZN J 0%[8>?DIiAC [60CM > 9P48J6[kRGFQ[\RPF

DPN 0O FQ[C J89P@BC Lk0>aD;>~F C~CEJ * >j[60E9PDP0QLk0MH 0kHWD;>?LK[CE9PD;> 46N;LMF [8>?D;> T/10 C 9PDGLk0MN;FI[kRGF

C Lk0kHWLEFhJ69;@?C LK[Fe9;>B[6N;CE[6>BOI0 > RPFOQ0MZ8J3O FQ[60=RPF:HW@ 0M9;0 *+*+!* 8T`cLM0aHK@B0E9;0

[WJ6Z8>cCM41FIN 0I> RGF!C&E > ! * C&E T CKZ6N 0kOQJ$FILk0 9PF Z60 9PF CQLEF CM41FIN 0I> RGF

HMCEN >B9PDPF J >B9PHK@ R;J3 >BLMC N;F >?CE[WJ T `h4 FIN 0I> R;0!JC&E C$C J *IJ\RGF OQ0MJ89PDP0QLK@ R;0M[kRGF

0kHWD;>?LK[C 9PD;>=[8>?D;> i{HMC\R;0 41CMOIC LMF C LKJ CM41FIN 0I> R;Jqi ZCEH 9PF'[F'> 9P48J6[8>Z60MD;>=J89P@BC LAT 7C$F

46N;FID$CKZF=46N;F LECEZ FQ[\RPF=[6>BD;>J$9PD;0M[\RPF' F HM0Mi C 9;@?CM F=[60hHEC\R;J~JHM0kOIJkRGF

0kN$ J$FQ[ Dc41CMOQ>?Lk0%C LMFCE4 FIN 0I> RPFj> 46N;FIHK@ RPJ3 >?Lk0E[\RPF 48N;C FQ9PCMN 0[603ZN J J 9P46N;F~[WJ [6>?DIT

=0kC 0kN$ J~FI[ D'41CEOI>?Lk0 C LEF CM41FIN 0I> RPF 9;@BJ3OQ>aCE?LK>1N;FE>?C ['J HEC~F9PF[60E@B0kOQ>q41C~FI[ D;JD;>q41CMOQ>?L T5`h41F N 0I> R;0

! * C&E C~C J* JkRGF CEB9P48J6[kRGFQ[\R;0"Z60MDPC J89;@?C Lk0KiN 0EZ6> [80M9PD;0QL Hk0

0kHWD;>?LK[C 9PD;>8RPFQZ6[F~CWZ [6>?D;> HMC\RPF~C FIHWJkRPJ >B9P48J8[\RGFQ[\RPFZCEDP> [C J69;@BC Lk0KT3`hLk0 [6>BD $C O F

Z60 [60E9GD;0QLK>~0MHWDP>BLK[CE9PD DPF HHM0MZ60 [6>?DIijHMCkRP0 RPF 41CMOILk0M@ 0 CE4 FIN 0I> R;J ! * C&E i

CE9;@BCM CKZ MC Lk0MN 0 R;J* J 46N;CE48J69;[8> J T

_c0kHMC [+0kHWD;>?LK>?N 0M[kRP0[8>?D;>6HMCkRP0eRPFcC F HK>?Lk0E@B0> 9G4AJ6[kRGFQ[\RPFe[6F HEC$J69;@BC Lk0KiKJ48J6DP[6C5RPFhZ80

[6>BD41C [C LMC 46N;C LEF N >Z80 @ >{D;0 R$J69;@?C L Lk0OQ> i1RPF NsRPFMi{J CM4 9PDPF 9;@BJ3 0 R;Jqi$CEJ * F'@B0OI[C

{0MH D;>?LK>BN;0E[\RPF [8>?D;> T

@B0QLk0%U -=aC [HKJN;FQ[ D;[6C$46N;CMN 0%>?N 0M[kRGF LUWTVUWTV] U\S

462 271

&

G ? E? 0G

)

D G D

&

G

&

: 5D? ?

&

): 7H3<

H3< E? ?

)

: ?D;>

$CEJ Z60 9PF 9P48N;F FMih0kHEC DGFQ@B0 CM41FIN 0I> RP0 HK@B0M9PF HCMB9PHK@ RPJ3 >?LEF N;FE>BCE[FET

DPC"9;@BJ3 0 R;J RPF'CE9;> JN 0M[80 $FQZ J69PCMB9PHK@ R;J3I>?LMC 9PD$C LK>CM41FIN 0I> RP0T X O$FQ[\RPFI[80

ZF48[8> > RP0HK@B0E9PFH RGF[60QLMFQZFQ[603J'[60E9PDP0QLWHKJ {N >~F NcUKT S

{N >$FINeUKT SH !H

!*H

?(4' 6;4H3?(451B7287&2' .

H3?;4&1B7287&2'/:524+

6&9(' #$$52'

*+

A

+

695??3#?;4 .

7 #4#2 7+

H3?;4&1B7287&2' $&3('&?;4*+

536

H3?;4*) RP0 H C&E 9G4A0MZ80 J [FI?N 0 R;J* F CM41F N 0 > RPFEi RPF NQi J 9;>?D;J60 > R;> i

Hk0MZ80 RGF @B>B9PD;0 ?LK[CE9PD [6>?D;>9PLMC 41CEOI>?LM0kC 0i

[FMC,L N 0 * 0 LWN;FQZ6[C 9PD ]KT `hLk0 CM41FIN 0I> R;0 41CE9PD;0 RGF*BN 0 RPJ * 0i 0MHMC,9PF*CE9;@?C [6>

[60 J89P@BC LW[WJ 9;>B[N;CE[8>?OI0 > RPJ iCWZ8[C 9P[6Ci0kHMC >B9PHMCMN > 9PDP> $CEJ *I[CE9PD;> HMCkRGF [WJ8Z6>

HK@B0E9P0 ++* 8T "[60E9PDP0QLWHKJ RPF[60QLMFQZFQ[60 LMFIN;OI> R;0 HK@ 0M9PF H i9;0

?N 0 R;J * CCE41F N 0I> RPC H C&E {N >~F NsUWT

U LUWTVUKT^]


{N >$FINeUKT.H !H

!*H ! *=

?(4' 6;4H3?(451B7287&2' .

H3?;4&1B7287&2'/:524+

6&9(' #$$52'

*+

A

+

695??3#?;4 .

7 #4#2 7+

H3?;4&1B7287&2' $&3('&?;4*+

6%;:#03;43%;:1(@59'&392 :%;:&287

4+

536

H3?;4*)B9PDPJ~F N J N JHECQLk0E[\R;0sHMCjJ6[6>BHk0I>?CE[8> ?D;>

$CEJZ80s9PF9P46N;F FMi 0kHECh9PFCM41FIN 0I> RGFHK@B0M9PF

!hCE9;@?C [F[80cJ69;@?C LK[WJ9;>B[6N;CE[6>BOI0 > R;JqT

DPC 9;@BJ3 0 R;J RPF CE9;>EJN 0E[C [60E>?O$FQ[6>I[C 46N > 9GD;J6480M[kRGF 48N;CE>?OILMCEZ 0I0 > 41CEDGN;C%9;0 0

HMCjJ6[6>BHk0I>?CE[6C > RP0*HK@B0M9PF

! RGF [80QLMFIZ6FI[80 J

[60E9PDP0QLWHKJ {N >$FIN:UKT T

@B0QLk0%U -=aC [HKJN;FQ[ D;[6C$46N;CMN 0%>?N 0M[kRGF LUWTVUWTV] U

{N >$FINeUKT.

! !

+*

6%;:H?;4 :H?3:520 3 :54

1 +

2: (7

#$#$#2'&1#?(459(4525? .

A

+

695?? 5$$52' .

7 #4#2 7+

6&9(' 6%;:#452(:54 1+

#$$52'&1#?;4&9(4#2&? ?(459(452+

6%;:#03;43%;:1(@59'&392 $ +

6%;:#03;43%;:1(@59'&392 2 7

4+

536

#$$52'*)

U LUWTVUKT^]


[6> RGFsJ%41CMDPN;F 6C~C J * 0QLk0E[\RPF)[60M9PD;0QLK@ R;0M[\R;00kHWD;>?LK[C 9PDP>A[6>?D;>6Hk0MZ60{48NPC >?OILMCEZ 0I0 > [6>?D;>{41CEDGN;C%9;0 0iJ DPCMHKJ HEC\RPF348N;Lk0'CKZ [kRP> 46N;CE9;@?FQZ JkRGF

N;F OQJ6@BDP0MDPF39PLMCkRGF+0kHWD;>?LK[C 9PD;> ZN J EC\R[8>?D;> i $C O F Z80'9PF%48N >?Hk0OIF%Hk0MC N 0MO~FI[80'41CMN J6Hk0KT

DPCMHKJ C LMF N 0kO~FI[6F 48N;CE>?OILMC Z 0 CKZ6@B0O F 4 CEN JHKJ J 4 C 9PF ?O HECE0

D;J 41CMN J6HWJ 48N;FIJ6OI>%0+41CMDPN;C9;0MT'7 0MH LKJ N;0MO~FI[WJ 4 CEN JHk0+41CKZNOQ0ILM0'DPF~48@?FYRPD HK@B0E9;0

! ! gh0kDPCMDPFIHk03UKTBl T_wRPFI[+4A0kN 0~F D;0MN

CKZN;FQZ JkRGFcD;>?4'4 CEN JHk0HMCkRGF

9PFcN 0kO$FQ[\R;J\R;JqT C%9PDPC$41C @ RGF C LEFhHK@B0E9GFEiWHMC\RPFa>%0

J8[HI> R;J$48N;F EN;0MDPHk0Ki $C O F

Z60 46N > Lk0MDP>9P0$C%RPFIZ6[WJ 4 CEN JHKJqi [FICM46CKZ6[C$RGFZ60 9;@B0M[kRP0 > 46N > RPF~>w41CMN J6Hk0 ?O$FQ[6>I[6> TsdK0~C%D;0MHMC+9PF ~C OIF E0MN;0E[ DGC Lk0MDP>wZ80 * F9PLMFj41CE9;@B0E[F 4 CEN JHMF?D;> JLEF H

>B9P48N;0QLK[6C 48N >~@ RGFQ[FET /10kDPC DPF$4A@?F RPD$HK@B0E9;0

* ! 9;0EZNOI>:41C @ RGF H* HMCkRGF

CKZN;FQZ JkRGF9PD;0M[kRGFj41CE@ RP0 T C~C *IJ 41CE@ R;0 H* 9PFZF48[6> 9;J J69;@?C LK> iACKZ HEC\RP>

OQ0ILK> 9GF+0MHWDP>BLW[6CE9PD;>[6>BDP> 41C9;>B@ R;0M@B0 0 >{46N >~0M@ 0I0'41CMN J6Hk0KT 7 F~48@?FYRPDHK@ 0M9;0

!

! 9;0MZ6NOQ>s>=4 C @ R;0 > HG iwHEC\R;0 9;J 41CEDGN;FI=J69;@?C LK[F'9;> [N;C [6>?OQ0I> RPFMT

dK@ 0M[\RPFe4 CEN JHEF=C$C J *IJ\RGFhCM41F N 0 > RP0 JC&E iE046N > RGF 41CMN J6HMFeC$CEJ *IJ\RPFcCM41FIN 0I> R;0

! C&E T5{N;Lk0eCKZ [kRP>aC~CEJ * JkRGF59$~F9PD;0M[kRGF 41CEN JHMF{J 41CE@ RPF iQ0MHMC{RPF{CE[6C

46N 0MOI[6CTjXY[80% F3CE[80+OI0EJ69PD;0QLW@ RP0 0MHWDP>BLK[CE9PD[6>?D;> 41CMOQ>?Lk0kCI0 46N;CE>?OILMC Z 0 0 ZCMH 9PF$C LMC

41CE@ RPF5[6F5>B9P48N 0kOI[8> T ghN J E0hCWZ$[\R;>C~CEJ * J\RPF:46N;FQJOQ>~0E[\RPF 41CMN JHEF5>?O=41CE@ R;0 i

0kHECjRGFjC [C+4AJ6[C6ThXY[80% F~CE[60OQ0MJ89PDP0QLK@ R;0 0kHWD;>?LK[C 9PDh[6>BDP> 41CMOQ>?Lk0kCI0 41CEDGN;C%9P0 0 aZ6CMH

9PFCQLEC%41C @ RPFa[F[60k4AJ6[8> T

gh0kDPCMDPFIHk0UKTBl

@B0QLk0%U -=aC [HKJN;FQ[ D;[6C$46N;CMN 0%>?N 0M[kRGF LUWTVUWTV] U%

$

"

:%(4&3($51#%;:&2)

U& LUWTVUKT^]


dK0kN 0EZ6[\R;0[6>?D;> 46N;C FQ9;0 iOQ0M9;[6C Lk0M[60 [60N 0kO$FQ[6>41CMN J6Hk0 RGF 46N >%0~@ RP>BLk0Ki{RPF N

FQ@B>%>B[6> 9PF 41CMDPN;FII>?D;[6> HMCEN > 9* FQ[\RGF ZFI@ RGFQ[6> 48N;C$FQ[6@ RP>?LK>qT `h[6F 9;J

9;0kHWN >?LEFI[6FJ HMCjJ6[6>BHk0I>?CE[6C HM0M[60E@BJqiw0 N J6HMC Lk0M[kRGFC LK> Hk0M[80M@?C CE< FIOI< FQZ J\RPF3Z80

41C9;>B@ RP0M@ 0 ~C OIFsZ60c48N;> 9PDPJ648> 41CMN JI>W9;0$C 46N;F=[\RPFI[Ca9;@B0E[\R;0KiE0h46N >%0M@B09;0~C [60MHMC [

[\RPFQ[C%9P@ 0M[\R;0KT

462 2

8BG

)

B C: ? 0G

{N;CEJ3 0QLk0E[\RGF 9;> 9GDPF~0 4 CKZ6N 0kOIJ$FILk0 >?OMN 0EZ6[\R;J [kRP>6C LK> $CKZFQ@B0T `cLk0MHWLW>&$CKZFQ@B>

$CEJZ80 [80M9PD;0M[WJ0kHEC 9PF BDP[8>FQ@?F$FQ[ DP>e46N;C J3I0ILk0E[6>9;> 9GDPF~0 48NPFQZ69PD;0QLMF [6>?D;>%0Ki

0 $FQZ J89PCM{CKZ6[C 9;>{41C~FI[WJD;> FI@?F$FQ[60MDP0 >?OIN 0kOIFHk0kC $FQZ J89PCM

[6>BDP> T fcHMC 9;J 480OQ@ R;>?LMC [60M46N 0QLK@ RPFI[6> i5C Lk0kHWLK>&~CKZFQ@B>sLMFIN [C CM41CE[809;0 R;J 46N;C J3 0QLk0E[F

9;>B9PDPF~FMTw7 0MHWLMCCM41CE[809;0M[kRGFs9;>B9PDPF%0a9PF:[60MOI>?Lk0!# ,N#/R ' KiW0 ~CWZ6FI@ >WHMC\R;>C$C J *IJ\RPJ

operativni sistemi novo.pdf

Documents