Sei sulla pagina 1di 61

574(*):7*5*71*7.5&7&?.43.

8485*38.43.*7:49*



.RHMGIHIPKVYTTS
.3).(*,7&+.(4)*1,7:554
.RHMGIHIMWSXXSKVYTTM
8KV

)IWGVM^MSRI



8485*38.43*&39*7.47*



8485*38.43*5489*7.47*



24??.*7:49*

;EPMHMX

.3).(*,7&+.(4)*1,7:554

57;CCCCCCCCCC9-9.+

7MJ

)IRSQMRE^MSRI

8KV

8485*38.43*&39*7.47*



8485*38.43*5489*7.47*



24??.*7:49*



()





574(*):7*5*71*7.5&7&?.43.
8485*38.43.*7:49*

()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*



8485*38.43*&39*7.47*

.RHMGIHIPWSXXSKVYTTS
.3).(*,7&+.(4)*184994
,7:554
.RHMGIHIMGSQTPIWWMZM
(QT

)IWGVM^MSRI

&

&22479.??&947.*2411*&39*7.47.

'

'7&((.48(.11&39.8485*38.43*&39*7.47*

(

'&77&89&'.1.??&97.(**5:3943.&3(47&,,.4

)

9*1&.4*97&;*78&

;EPMHMX

.3).(*,7&+.(4)*184994,7:554

57;CCCCCCCC9,9.+

7MJ

)IRSQMRE^MSRI

(QT

&22479.??&947.*2411*&39*7.47.

&

'7&((.48(.11&39.8485*38.43*&39*7.47*

'

'&77&89&'.1.??&97.(**5:3943.&3(47&,,.4

(

9*1&.4*97&;*78&

)

()



574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*

&&22479.??&947.*2411*&39*7.47.
.RHMGIHIPPISTIVE^MSRM

(SHMGI

4TIVE^MSRI

;EPMHMX

&

&22479.??&947*HIPPEWSWTIRWMSRIERXIVMSVI
YRSW\SH\TIVWSPY^MSRI2G5LIVWSR(SQTVIRHI
PEWGSQTSWM^MSRIVMGSQTSWM^MSRIEFERGSHIPKVYTTS
87

&

&22479.??&947.HIPPEWSWTIRWMSRIERXIVMSVITIV
WSPY^MSRI2G5LIVWSR(SQTVIRHIPEWGSQTSWM^MSRI
VMGSQTSWM^MSRIEFERGSHIMKVYTTMC87

45*7&?.43.

&&22479.??&947*
)*11&8485*38.43*&39*
7.47* :348=4)=5*7
841:?.43*2(5-*7843
(4257*3)*1&8(42548.
?.43*7.(42548.?.43*&
'&3(4)*1,7:55487
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
 )MWMQTIKREVI MP XYFS JPIWWMFMPI TMR^E JVIRS I MP
GEFPEKKMS HIP WIRWSVI YWYVE TEXXMRM JVIRS HEM
WYTTSVXMWYPP EQQSVXM^^EXSVI
 8ZMXEVI M FYPPSRM HM JMWWEKKMS EQQSVXM^^EXSVI EP
QSRXERXIQS^^S
 8ZMXEVI MP HEHS HM JMWWEKKMS EVXMGSPE^MSRI FEVVE
WXEFMPM^^EXVMGIEPP EQQSVXM^^EXSVI

57;CCCCC&9(9.+

 8ZMXEVIPIZMXMHMJMWWEKKMSHIPP EXXEGGSWYTIVMSVI
EQQSVXM^^EXSVIEPPEWGSGGE
 7MQYSZIVI P EQQSVXM^^EXSVI HIPPE WSWTIRWMSRI
ERXIVMSVI



()

574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*



57;CCCCC&9&9.+

7MPEWGMEVI PE QSPPE I WJMPEVI M GSQTSRIRXM HIP


KVYTTSQSPPEEQQSVXM^^EXSVI

7MEXXEGGS


5VMQEHIPVMQSRXEKKMSZIVMJMGEVIGLIPE
QSPPERSRTVIWIRXMMRGVMREXYVISHIJSVQE
^MSRMXEPMHETVIKMYHMGEVRIP EJJMHEFMPMX
57;CCCCC&9(9.+

 5SWM^MSREVI P EQQSVXM^^EXSVI E WYPP EXXVI^^S


TRIYQEXMGSTIVGSQTVIWWMSRIQSPPE F

F

)IRSQMRE^MSRI

(SHMGI

8YTTSVXS



7MTSVVIRIPPIPSVSWIHMMGSQTSRIRXMHIPKVYTTS
EQQSVXM^^EXSVIERXIVMSVIIGSQTVMQIVIPEQSPPE
GSR P EXXVI^^S TRIYQEXMGS TIV GSQTVIWWMSRI
QSPPE
)IRSQMRE^MSRI

(SHMGI

8YTTSVXS



&ZZMXEVIMPHEHSHIPXEWWIPPSWYTIVMSVIWIR^EWIV
VEVPSFPSGGERHSPSWXIPSHIPP EQQSVXM^^EXSVIGSR
P EXXVI^^S
)IRSQMRE^MSRI

(SHMGI

(LMEZI



57;CCCCC&9&9.+

(SQTVMQIVIPEQSPPEHIPP EQQSVXM^^EXSVI
 8ZMXEVIMPHEHSHIPXEWWIPPSWYTIVMSVI EFPSG
GERHSPSWXIPSHIPP EQQSVXM^^EXSVIGSRP EXXVI^^S
F

F

)IRSQMRE^MSRI

(SHMGI

(LMEZI



()

7MQYSZIVI P EQQSVXM^^EXSVI HIPPE WSWTIRWMSRI


ERXIVMSVIHEPP EXXVI^^STRIYQEXMGS
3SXE  5IV PE WSWXMXY^MSRI HIKPM EQQSVXM^^EXSVM
EXXIRIVWMEPPIWIKYIRXMMRHMGE^MSRMWIKPM
EQQSVXM^^EXSVM LERRS YRE TIVGSVVIR^E
MRJIVMSVI EM  OQ WM TY
WSWXMXYMVIYRWSPSEQQSVXM^^EXSVITYVGL
UYIPPSRYSZSWMEHIPPSWXIWWSXMTSIHSTS
EZIVZIVMJMGEXSGLIP EPXVSEQQSVXM^^EXSVI
MRTIVJIXXEIJJMGMIR^E WIKPMEQQSVXM^^E
XSVM LERRS YRE TIVGSVVIR^E WYTIVMSVI EM
 OQ WSWXMXYMVI WIQTVI
MRWMIQIIRXVEQFMKPMEQQSVXM^^EXSVMHIPPS
WXIWWS EWWI ZIRHS GYVE HM QSRXEVI
EQQSVXM^^EXSVMHIPPSWXIWWSXMTSXVEUYIPPM
TVIZMWXMGSQIVMGEQFM
 7MTSVVI RIPPE WYE WIHI P EQQSVXM^^EXSVI HIPPE
WSWTIRWMSRIERXIVMSVI
 8IVVEVIPIZMXMHMJMWWEKKMSHIPP EXXEGGSWYTIVMSVI
EQQSVXM^^EXSVI EPPE WGSGGE EPPE GSTTME TVI
WGVMXXE




574(*):7*5*71*7.5&7&?.43.

+MWWEKKMS

(SQTSRIRXI

;MXI

&99&((4
8:5*7.47*
&22479.??
&39 82

2

;EPSVI
HE3Q

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

&22479.??& 2
947.&39
82

1EXS
QSR
XERXI
ERXI
VMSVI




 8IVVEVI M FYPPSRM HM JMWWEKKMS EQQSVXM^^EXSVI EP
QSRXERXIERXIVMSVIEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

'YPPSRI

&22479.??& 2
947.&39
82

+MWWEKKMS

(SQTSRIRXI

)EHS

&99&((4
8:5*7.47*
&22479.??
&39 82

2

;EPSVI
HE3Q

3SXE  6YERHS WM WIVVERS M FYPPSRM HM JMWWEKKMS


HIPP EQQSVXM^^EXSVI EP QSRXERXI QS^^S
IJJIXXYEVIMPVIGYTIVSHIMKMSGLMWTMRKIRHS
ZIVWSP EPXSMPQSRXERXI

.PWIVVEKKMSHIPHEHSHMJMWWEKKMSHIPXEWWIPPS
WYTIVMSVIEQQSVXM^^EXSVIHIZIIWWIVIIJJIX
XYEXSGSRPIVYSXIHIPPEZIXXYVETSKKMEXIE
XIVVE

1EXS
WGSGGE



 8IVVEVI M FYPPSRM HM JMWWEKKMS EQQSVXM^^EXSVI EP
QSRXERXIERXIVMSVIEPPEGSTTMETVIWGVMXXE

8485*38.43*&39*7.47*

;EPSVI
HE3Q
1EXS
QSR
XERXI
ERXI
VMSVI


;EPSVI
HE3Q
1EXS
XEWWIPPS
IPEWXMGS
WYTI
VMSVI


)IRSQMRE^MSRI

(SHMGI

(LMEZI



&&22479.??&947.
)*11&8485*38.43*&39*
7.47*5*7841:?.43*
2(5-*7843(4257*3)*1&
8(42548.?.43*7.(42548.
?.43*&'&3(4)*.,7:55.C
87


#;L?LC@?LCG?HNI;IJ&22479.?
?&947*HIPPEWSWTIRWMSRIERXIVMSVI YRSW\S
H\  TIV WSPY^MSRI 2G5LIVWSR (SQTVIRHI PE
WGSQTSWM^MSRIVMGSQTSWM^MSRI E FERGS HIP
KVYTTS  87 @&QQSVXM^^EXSVI HIPPE WSWTIR
WMSRIERXIVMSVI YRSW\SH\B

3SXE  6YERHS WM WIVVERS M FYPPSRM HM JMWWEKKMS


HIPP EQQSVXM^^EXSVI EP QSRXERXI QS^^S
IJJIXXYEVIMPVIGYTIVSHIMKMSGLMWTMRKIRHS
ZIVWSP EPXSMPQSRXERXI
 8IVVEVI MP HEHS HM JMWWEKKMS EVXMGSPE^MSRI FEVVE
WXEFMPM^^EXVMGIEPP EQQSVXM^^EXSVIEPPEGSTTMETVI
WGVMXXE








+MWWEKKMS

(SQTSRIRXI

)EHS

9.7&39*
2
&3(47&,,.4
'&77&89&'.
1.??&39

;EPSVI
HE3Q


+MWWEVI MP XYFS JPIWWMFMPI TMR^E JVIRS I MP


GEFPEKKMSHIPWIRWSVIYWYVETEXXMRMJVIRSEMWYT
TSVXMWYPP EQQSVXM^^EXSVI
3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
&FFEWWEVIPEZIXXYVEIETTSKKMEVPEEXIVVEWYPPI
VYSXI
8IVVEVIEPPEGSTTMETVIWGVMXXEMPHEHSHMJMWWEKKMS
HIP XEWWIPPS WYTIVMSVI FPSGGERHS PS WXIPS
HIPP EQQSVXM^^EXSVIGSRP EXXVI^^S

()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*



''7&((.48(.11&39.8485*38.43*&39*
7.47*
.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

'

'7&((.448(.11&39*.3+*7.47* GSQTPIXSHMXIWXE
WRSHEXEHIPPEWSWTIRWMSRIERXIVMSVI YRSW\SH\
87;IVMJMGEEWWIXXSVYSXIETEVXI

'

'7&((.448(.11&39*.3+*7.47* GSQTPIXSHMXIWXE
WRSHEXEHIPPEWSWTIRWMSRIERXIVMSVI YRSVMQERIRXI
87EWIKYMXS4TF

45*7&?.43.

7MEXXEGGS

''7&((.448(.1
1&39*.3+*7.47* (4251*94
).9*89&834)&9&)*11&
8485*38.43*&39*7.47*
:348=4)=87;*7.
+.(&&88*9947:49*&5&79*




7MTSVVIRIPPEWYEWIHIMPFVEGGMSSWGMPPERXIMRJI
VMSVI
8IVVEVIPIZMXMHMJMWWEKKMSFVEGGMSSWGMPPERXIMRJI
VMSVI EPPE XVEZIVWE HIPPE WSWTIRWMSRI ERXIVMSVI
EPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

;MXI

'7&((.
48(.11&39.
.3+*7.47.
&39

2

8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
 8ZMXEVIMPFYPPSRIHMJMWWEKKMSFVEGGMSSWGMPPERXI
MRJIVMSVIEPQSRXERXIQS^^SERXIVMSVI
 8ZMXEVIPIZMXMHMJMWWEKKMSFVEGGMSSWGMPPERXIMRJI
VMSVIEPPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8GSPPIKEVI MP FVEGGMS SWGMPPERXI MRJIVMSVI HEP
QSRXERXIQS^^SERXIVMSVIIVMQYSZIVPS




;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


8IVVEVIMPFYPPSRIHMJMWWEKKMSFVEGGMSSWGMPPERXI
MRJIVMSVI EP QSRXERXI QS^^S ERXIVMSVI EPPE
GSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11&39.
.3+*7.47.
&39

2

;EPSVI
HE3Q
1EXS
QSR
XERXI
QS^^S
ERXI
VMSVI


3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

57;CCCCC'9'9.+

()



574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*

''7&((.448(.1
1&39*.3+*7.47* (4251*94
).9*89&834)&9&)*11&
8485*38.43*&39*7.47*
:347.2&3*39*87&
8*,:.9445'




#;L? LC@?LCG?HNI ; IJ   '7&((.4


48(.11&39* .3+*7.47* GSQTPIXS HM XIWXE
WRSHEXEHIPPEWSWTIRWMSRIERXIVMSVI YRSW\S
H\87;IVMJMGEEWWIXXSVYSXIETEVXI@'VEGGMS
SWGMPPERXIMRJIVMSVIHIPPEWSWTIRWMSRIERXIVMSVIB

()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*



('&77&89&'.1.??&97.(**5:3943.
&3(47&,,.4
.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

(

'&77&89&'.1.??&97.(*WSWTIRWMSRIERXIVMSVI87
(SRXVSPPSEWWIXXSVYSXIETEVXI

(

9.7&39*ERGSVEKKMSIWXVIQMXE FEVVEWXEFMPM^^EXVMGI
WSWTIRWMSRIERX YRSW\SH\87

45*7&?.43.

('&77&89&'.1.??&
97.(*8485*38.43*&39*
7.47*87(43974114
&88*9947:49*&5&79*

+MWWEKKMS

(SQTSRIRXI

;MXI

'&77&89&'. 2
1.??&97.(*
&39

8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 8ZMXEVI M HEHM HM JMWWEKKMS XMVERXI ERGSVEKKMS
IWXVIQMXFEVVEWXEFMPM^^EXVMGIWSWTIRWMSRIERXI
VMSVIPEXSFEVVEWXEFMPM^^EXVMGI
 8ZMXEVI PI ZMXM HM JMWWEKKMS FEVVE WXEFMPM^^EXVMGI
WSWTIRWMSRIERXIVMSVIEPPEXVEZIVWE
 7MQYSZIVI PE FEVVE WXEFMPM^^EXVMGI WSWTIRWMSRI
ERXIVMSVI




;EPSVI
HE3Q
1EXSXVE
ZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


8IVVEVI M HEHM HM JMWWEKKMS XMVERXI ERGSVEKKMS


IWXVIQMXFEVVEWXEFMPM^^EXVMGIWSWTIRWMSRIERXI
VMSVI PEXS FEVVE WXEFMPM^^EXVMGI EPPE GSTTME TVI
WGVMXXE
+MWWEKKMS

(SQTSRIRXI

)EHS

9.7&39*
2
&3(47&,,.4
'&77&89&'.
1.??&39

;EPSVI
HE3Q


3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

(9.7&39*&3(4
7&,,.4*897*2.9& '&77&
89&'.1.??&97.(*8485*3
8.43*&39 :348=4)=
87
57;CCCCC(9&9.+

7MEXXEGGS



7MTSVVI RIPPE WYE WIHI PE FEVVE WXEFMPM^^EXVMGI


WSWTIRWMSRIERXIVMSVI
8IVVEVI PI ZMXM HM JMWWEKKMS FEVVE WXEFMPM^^EXVMGI
WSWTIRWMSRI ERXIVMSVI EPPE XVEZIVWE EPPE GSTTME
TVIWGVMXXE

()

8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
 8ZMXEVIMHEHM EIVMQYSZIVIMPXMVERXIHMERGS
VEKKMS IWXVIQMX FEVVE WXEFMPM^^EXVMGI WSWTIR
WMSRIERXIVMSVI F





574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*

57;CCCCC(9(9.+

7MEXXEGGS







7MTSVVI RIPPE WYE WIHI MP XMVERXI HM ERGSVEKKMS


IWXVIQMXFEVVEWXEFMPM^^EXVMGIWSWTIRWMSRIERXI
VMSVIIJMWWEVPSGSRMVIPEXMZMHEHMEPPEGSTTMETVI
WGVMXXE
+MWWEKKMS

(SQTSRIRXI

)EHS

9.7&39*
2
&3(47&,,.4
'&77&89&'.
1.??&39

;EPSVI
HE3Q


3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*

)9*1&.4*97&;*78&



.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

) 97&;*78&HIPPEWSWTIRWMSRIERXIVMSVI87





45*7&?.43.
)97&;*78&)*11&
8485*38.43*&39*7.47*
87

F

)IRSQMRE^MSRI

(SHMGI

8YTTSVXSZIVXMGEPI



8XEGGS

 5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
 3?>?L? CH ,J "  5&7&:79. &39*
7.47*
 3?>?L?CH,J5:39*1149*1*8(4
5.(4 YRS W\ S H\ HM WSWXIKRS GSTIVGLMS
ZERSQSXSVI87
 &GGIVXEVWM GLI PE GLMEZI HM EGGIRWMSRI WME MR
TSWM^MSRI8945UYMRHMWGSPPIKEVIMPQSVWIXXS
HIPPEFEXXIVME

)IRSQMRE^MSRI

(SRRIXXSVI

'EXXIVME

&'

 2SRXEVI YRE MHSRIE WXEJJE TIV MP WSWXIKRS HIP


KVYTTS QSXSTVSTYPWSVI MR GSVVMWTSRHIR^E HIP
XIVQSWXEXS
 2SRXEVI P EXXVI^^S E GSQTPIXS HM XEWWIPPM HM
ETTSKKMS F

E

F

)IRSQMRE^MSRI

(SHMGI

9VEZIVWE



)IRSQMRE^MSRI

(SHMGI

9EWWIPPMHMETTSKKMS



 2SRXEVIKPMEXXVI^^M EI FUYMRHMGSPPIKEVPM


XVEQMXI MP XMVERXI G EPPE WXEJJE TVIGIHIRXI
QIRXIQSRXEXE

E

)IRSQMRE^MSRI

(SHMGI

9VEZIVWE



()

57;CCCCC)9'9.+


 3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 3?>?L?CH,J5749*?.43*7.5&74
WSXXSQSXSVI87@7MTEVSWSXXSQSXSVIB
 3?>?L?CH,J9:'&?.43*HMWGEVMGS
EXXEGGSEPQSXSVIGSPPIXXSVI87@9VEXXSERXI
VMSVIXYFE^MSRIHMWGEVMGSB
 8ZMXEVIPIZMXM EMFYPPSRM FIVMQYSZIVIMP
VMRJSV^S G
 8ZMXEVIPIZMXMHMJMWWEKKMSXEWWIPPSIPEWXMGSWYT
TSVXS VMKMHS TSWXIVMSVI KVYTTS QSXSTVSTYPWSVI
EPPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8ZMXEVIMHEHM EIVMQYSZIVIMPWYTTSVXSVMKMHS
TSWXIVMSVI HIP KVYTTS QSXSTVSTYPWSVI F
GSQTPIXSHIPVIPEXMZSXEWWIPPSIPEWXMGS G





574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*

57;CCCCC)9&9.+

57;CCCCC)9&9.+


 &PPIRXEVIPIZMXMTSWXIVMSVMHMJMWWEKKMSWYTTSVXS
HIPGSQERHSEQERSGEQFMS


 8ZMXEVIMFYPPSRM EIWGSPPIKEVIMFVEGGMSWGMP
PERXMMRJIVMSVM FHEMQSRXERXMERXIVMSVM

57;CCCCC)9&9.+

57;CCCCC)9'9.+


 8ZMXEVIPIVMQERIRXMZMXM EIMHEHM FHMJMW
WEKKMSWYTTSVXSHIPGSQERHSEQERSGEQFMS
 7IGYTIVEVIPITMEWXVMRI
 8SWXIRIVIPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
GSR YR QEVXMRIXXS MHVEYPMGS E QYRMXS HM
EXXVI^^S F

F



)IRSQMRE^MSRI

(SHMGI

+PERKME




 8ZMXEVIPIZMXMHMJMWWEKKMSWGEXSPEWIVZSWXIV^SEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8ZMXEVI PI ZMXM TSWXIVMSVM HM JMWWEKKMS XVEZIVWE
HIPPEWSWTIRWMSRITSWXIVMSVIEPPEWGSGGE
 8ZMXEVI PIZMXMPEXIVEPMHMJMWWEKKMSXVEZIVWEHIPPE
WSWTIRWMSRIERXIVMSVIEPPEWGSGGE

()

574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*




 &FFEWWEVI PIRXEQIRXI MP QEVXMRIXXS MHVEYPMGS I
VMQYSZIVIPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
EGSQTPIXEHMFVEGGMSWGMPPERXMMRJIVMSVM FI
FEVVEWXEFMPM^^EXVMGI G

57;CCCCC)9&9.+
57;CCCCC)9'9.+


 8ZMXEVI M HEHM E I WGSPPIKEVI M XMVERXM ERGS
VEKKMS IWXVIQMX FEVVE WXEFMPM^^EXVMGI ERXIVMSVI
FHEKPMEQQSVXM^^EXSVM

7MEXXEGGS

 7MTSVVIRIPPEWYEWIHIGSRMPQEVXMRIXXSMHVEYPMGS
PEXVEZIVWEHIPPEWSWTIRWMSRIGSQTPIXEHMFVEGGM
SWGMPPERXMMRJIVMSVMIFEVVEWXEFMPM^^EXVMGI
 (SPPIKEVIMXMVERXMHMERGSVEKKMSIWXVIQMXFEVVE
WXEFMPM^^EXVMGIERXIVMSVI EEKPMEQQSVXM^^EXSVM
I WIVVEVI M VIPEXMZM HEHM F EPPE GSTTME TVI
WGVMXXE

F

+MWWEKKMS

(SQTSRIRXI

)EHS

9.7&39*
2
&3(47&,,.4
'&77&89&'.
1.??&39

;EPSVI
HE3Q


57;CCCCC)9&9.+

57;CCCCC)9&9.+


 8IVVEVIPIZMXMHMJMWWEKKMSXVEZIVWEHIPPEWSWTIR
WMSRIERXIVMSVIEPPEWGSGGEEPPEGSTTMETVIWGVMXXE

()



574(*):7*5*71*7.5&7&?.43.




8485*38.43*&39*7.47*

+MWWEKKMS

(SQTSRIRXI

;MXI

97&;*78&
2
8485*38.43.
&39

+MWWEKKMS

(SQTSRIRXI

;MXI

97&;*78&
2
8485*38.43.
&39

;EPSVI
HE3Q
1EXS
WGSGGE

;EPSVI
HE3Q


 (SPPIKEVI M FVEGGM SWGMPPERXM MRJIVMSVM E EM
QSRXERXMERXIVMSVMIJMWWEVPMGSRMVIPEXMZMFYPPSRM
FEPPEGSTTMETVIWGVMXXE

F

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11&39.
.3+*7.47.
&39

2

1EXS
WGSGGE



;EPSVI
HE3Q
1EXS
QSR
XERXI
QS^^S
ERXI
VMSVI


 8IVVEVIPIZMXMHMJMWWEKKMSWGEXSPEWIVZSWXIV^SEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVIEPPEGSTTME
TVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

;MXI

8(&941&8*7 2
;489*7?4
(4251*9& 8

;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


 7MQYSZIVIMPQEVXMRIXXSMHVEYPMGS EGSQTPIXS
HMEXXVI^^STIVMPWSWXIKRSHIPPEXVEZIVWEWSWTIR
WMSRIERXIVMSVI F

F

)IRSQMRE^MSRI

(SHMGI

+PERKME



57;CCCCC)9&9.+


 8IVVEVIPIZMXMIMHEHMHMJMWWEKKMSWYTTSVXSPIZE
GSQERHSGEQFMSIJVIRSEQERS
 2SRXEVI MP WYTTSVXS VMKMHS TSWXIVMSVI KVYTTS
QSXSTVSTYPWSVI E GSQTPIXS HM XEWWIPPS IPE
WXMGS FIJMWWEVPSEPGEQFMSGSRMHEHM G
EPPEGSTTMETVIWGVMXXE

G

+MWWEKKMS

(SQTSRIRXI

)EHS

8:554794
2
7.,.)45489
,72494574
5:1847*

;EPSVI
HE3Q
1EXS
GEQFMS


 8IVVEVI PI ZMXM HM JMWWEKKMS XEWWIPPS IPEWXMGS HIP


WYTTSVXSTSWXIVMSVIKVYTTSQSXSTVSTYPWSVIEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVIEPPEGSTTME
TVIWGVMXXE

57;CCCCC)9'9.+



+MWWEKKMS

(SQTSRIRXI

;MXI

9&88*114
*1&89.(4
8:55.39*72
,7249457

2

;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


()

574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*



 2SRXEVIMPVMRJSV^S EIJMWWEVPSGSRPIZMXM F


IMFYPPSRM G
E

F

)IRSQMRE^MSRI

(SHMGI

9VEZIVWE



)IRSQMRE^MSRI

(SHMGI

9EWWIPPMHMETTSKKMS



 2SRXEVIKPMEXXVI^^M EI FUYMRHMGSPPIKEVPM


XVEQMXIMXMVERXM GEPPIWXEJJITVIGIHIRXIQIRXI
QSRXEXI

E

)IRSQMRE^MSRI

(SHMGI

9VEZIVWE



)IRSQMRE^MSRI

(SHMGI

8YTTSVXSZIVXMGEPI



57;CCCCC)9&9.+


 3?>?L?CH,J9:'&?.43*HMWGEVMGS
EXXEGGSEPQSXSVIGSPPIXXSVI87@9VEXXSERXI
VMSVIHIPPEXYFE^MSRIHMWGEVMGSB
 3?>?L?CH,J5749*?.43*7.5&74
WSXXSQSXSVI87@7MTEVSWSXXSQSXSVIB
 3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 7MQYSZIVIKPMEXXVI^^MYXMPM^^EXMTIVPEWYTTSVXE
^MSRIMRWMGYVI^^EHIPKVYTTSQSXSTVSTYPWSVI
 (SPPIKEVIMPQSVWIXXS HIPPEFEXXIVME
 3?>?L?CH,J5:39*1149*1*8(4
5.(4 YRS W\ S H\ HM WSWXIKRS GSTIVGLMS
ZERSQSXSVI87
 3?>?L? CH ,J "  5&7&:79. &39*
7.47*
 7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

)97&;*78&)*11&
8485*38.43*&39*7.47*
87
8XEGGS


 5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
 3?>?L? CH ,J "  5&7&:79. &39*
7.47*
 3?>?L?CH,J5:39*1149*1*8(4
5.(4 YRS W\ S H\ HM WSWXIKRS GSTIVGLMS
ZERSQSXSVI87
 &GGIVXEVWM GLI PE GLMEZI HM EGGIRWMSRI WME MR
TSWM^MSRI8945UYMRHMWGSPPIKEVIMPQSVWIXXS
HIPPEFEXXIVME

)IRSQMRE^MSRI

(SRRIXXSVI

'EXXIVME

&'

F

57;CCCCC)9&9.+


 3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 3?>?L?CH,J5749*?.43*7.5&74
WSXXSQSXSVI87@7MTEVSWSXXSQSXSVIB
 3?>?L?CH,J9:'&?.43*HMWGEVMGS
EXXEGGSEPQSXSVIGSPPIXXSVI87@9VEXXSERXI
VMSVIXYFE^MSRIHMWGEVMGSB
 3?>?L? CH ,J   8:554794 7.,.)4
HIPPE XYFE^MSRI HM WGEVMGS  87 @8YTTSVXS
VMKMHSXYFE^MSRIHMWGEVMGSB
 8ZMXEVIMPHEHS EIPEZMXI FUYMRHMVMQYS
ZIVIMPXMVERXI G

 2SRXEVI HYI MHSRII WXEJJI TIV MP WSWXIKRS HIP


KVYTTSQSXSTVSTYPWSVI
 2SRXEVI P EXXVI^^S E GSQTPIXS HM XEWWIPPM HM
ETTSKKMS F

()





574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*


 &PPIRXEVIPIZMXMTSWXIVMSVMHMJMWWEKKMSWYTTSVXS
HIPGSQERHSEQERSGEQFMS

57;CCCCC)9'9.+


 8ZMXEVIPIZMXMHMJMWWEKKMSXEWWIPPSIPEWXMGSWYT
TSVXS VMKMHS TSWXIVMSVI KVYTTS QSXSTVSTYPWSVI
EPPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8ZMXEVIPIZMXM EIVMQYSZIVIMPWYTTSVXSVMKMHS
TSWXIVMSVI HIP KVYTTS QSXSTVSTYPWSVI F
GSQTPIXSHIPVIPEXMZSXEWWIPPSIPEWXMGS G

57;CCCCC)9'9.+


 8ZMXEVIPIVMQERIRXMZMXM EIMHEHM FHMJMW
WEKKMSWYTTSVXSHIPGSQERHSEQERSGEQFMS
 7IGYTIVEVIPITMEWXVMRI
 8SWXIRIVIPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
GSR YR QEVXMRIXXS MHVEYPMGS E QYRMXS HM
EXXVI^^S F

F

)IRSQMRE^MSRI

(SHMGI

+PERKME



57;CCCCC)9'9.+

57;CCCCC)9&9.+



()

574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*


 8ZMXEVIMFYPPSRM EIWGSPPIKEVIMFVEGGMSWGMP
PERXMMRJIVMSVM FHEMQSRXERXMERXIVMSVM




 8ZMXEVI M HEHM E I WGSPPIKEVI M XMVERXM ERGS
VEKKMS IWXVIQMX FEVVE WXEFMPM^^EXVMGI ERXIVMSVI
FHEKPMEQQSVXM^^EXSVM

57;CCCCC)9&9.+


 8ZMXEVIPIZMXMHMJMWWEKKMSWGEXSPEWIVZSWXIV^SEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8ZMXEVI PI ZMXM TSWXIVMSVM HM JMWWEKKMS XVEZIVWE
HIPPEWSWTIRWMSRITSWXIVMSVIEPPEWGSGGE
 8ZMXEVIPIZMXMPEXIVEPMHMJMWWEKKMSXVEZIVWEHIPPE
WSWTIRWMSRIERXIVMSVIEPPEWGSGGE

57;CCCCC)9&9.+


 &FFEWWEVI PIRXEQIRXI MP QEVXMRIXXS MHVEYPMGS I
VMQYSZIVIPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
EGSQTPIXEHMFVEGGMSWGMPPERXMMRJIVMSVM FI
FEVVEWXEFMPM^^EXVMGI G

57;CCCCC)9&9.+

7MEXXEGGS

57;CCCCC)9'9.+


 7MTSVVIRIPPEWYEWIHIGSRMPQEVXMRIXXSMHVEYPMGS
PEXVEZIVWEHIPPEWSWTIRWMSRIGSQTPIXEHMFVEGGM
SWGMPPERXMMRJIVMSVMIFEVVEWXEFMPM^^EXVMGI
 (SPPIKEVIMXMVERXMHMERGSVEKKMSIWXVIQMXFEVVE
WXEFMPM^^EXVMGIERXIVMSVI EEKPMEQQSVXM^^EXSVM
I WIVVEVI M VIPEXMZM HEHM F EPPE GSTTME TVI
WGVMXXE

F

()

+MWWEKKMS

(SQTSRIRXI

)EHS

9.7&39*
2
&3(47&,,.4
'&77&89&'.
1.??&39

;EPSVI
HE3Q




574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*



57;CCCCC)9&9.+


 8IVVEVIPIZMXMHMJMWWEKKMSXVEZIVWEHIPPEWSWTIR
WMSRIERXIVMSVIEPPEWGSGGEEPPEGSTTMETVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

;MXI

97&;*78&
2
8485*38.43.
&39

+MWWEKKMS

(SQTSRIRXI

;MXI

97&;*78&
2
8485*38.43.
&39

;EPSVI
HE3Q
1EXS
WGSGGE

;EPSVI
HE3Q
1EXS
WGSGGE



 8IVVEVIPIZMXMHMJMWWEKKMSWGEXSPEWIVZSWXIV^SEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVIEPPEGSTTME
TVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

;MXI

8(&941&8*7 2
;489*7?4
(4251*9& 8

57;CCCCC)9'9.+


 (SPPIKEVI M FVEGGM SWGMPPERXM MRJIVMSVM E EM
QSRXERXMERXIVMSVMIJMWWEVPMGSRMVIPEXMZMFYPPSRM
FEPPEGSTTMETVIWGVMXXE

F

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11&39.
.3+*7.47.
&39

2

;EPSVI
HE3Q
1EXS
QSR
XERXI
QS^^S
ERXI
VMSVI


;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


 7MQYSZIVIMPQEVXMRIXXSMHVEYPMGS EGSQTPIXS
HMEXXVI^^STIVMPWSWXIKRSHIPPEXVEZIVWEWSWTIR
WMSRIERXIVMSVI F
57;CCCCC)9&9.+

F



)IRSQMRE^MSRI

(SHMGI

+PERKME




 8IVVEVIPIZMXMIMHEHMHMJMWWEKKMSWYTTSVXSPIZE
GSQERHSGEQFMSIJVIRSEQERS
 2SRXEVI MP WYTTSVXS VMKMHS TSWXIVMSVI KVYTTS
QSXSTVSTYPWSVI E GSQTPIXS HM XEWWIPPS IPE
WXMGS F I JMWWEVPS EP GEQFMS GSR PI ZMXM G
EPPEGSTTMETVIWGVMXXE

()

574(*):7*5*71*7.5&7&?.43.


G

8485*38.43*&39*7.47*

+MWWEKKMS

(SQTSRIRXI

;MXI

8:554794
2
7.,.)45489
,72494574
5:1847*

;EPSVI
HE3Q




 2SRXEVIMPXMVERXI EIJMWWEVPSGSRPEZMXI F
IMPHEHS GEPPEGSTTMETVIWGVMXXE

1EXS
GEQFMS


 8IVVEVI PI ZMXM HM JMWWEKKMS XEWWIPPS IPEWXMGS HIP


WYTTSVXSTSWXIVMSVIKVYTTSQSXSTVSTYPWSVIEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVIEPPEGSTTME
TVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

;MXI

9&88*114
*1&89.(4
8:55.39*72
,7249457

2

;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI

57;CCCCC)9'9.+


 3?>?L? CH ,J   8:554794 7.,.)4
HIPPE XYFE^MSRI HM WGEVMGS  87 @8YTTSVXS
VMKMHSXYFE^MSRIHMWGEVMGSB
 3?>?L?CH,J9:'&?.43*HMWGEVMGS
EXXEGGSEPQSXSVIGSPPIXXSVI87@9VEXXSERXI
VMSVIHIPPEXYFE^MSRIHMWGEVMGSB
 3?>?L?CH,J5749*?.43*7.5&74
WSXXSQSXSVI87@7MTEVSWSXXSQSXSVIB
 3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 7MQYSZIVIKPMEXXVI^^MYXMPM^^EXMTIVPEWYTTSVXE
^MSRIMRWMGYVI^^EHIPKVYTTSQSXSTVSTYPWSVI
 (SPPIKEVIMPQSVWIXXS HIPPEFEXXIVME
 3?>?L?CH,J5:39*1149*1*8(4
5.(4 YRS W\ S H\ HM WSWXIKRS GSTIVGLMS
ZERSQSXSVI87
 3?>?L? CH ,J "  5&7&:79. &39*
7.47*
 7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI
57;CCCCC)9'9.+

)97&;*78&)*11&
8485*38.43*&39*7.47*
87
8XEGGS


 5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
 3?>?L? CH ,J "  5&7&:79. &39*
7.47*
 3?>?L?CH,J5:39*1149*1*8(4
5.(4 YRS W\ S H\ HM WSWXIKRS GSTIVGLMS
ZERSQSXSVI87
 &GGIVXEVWM GLI PE GLMEZI HM EGGIRWMSRI WME MR
TSWM^MSRI8945UYMRHMWGSPPIKEVIMPQSVWIXXS
HIPPEFEXXIVME

()






574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*

)IRSQMRE^MSRI

(SRRIXXSVI

'EXXIVME

&'

 2SRXEVI YRE MHSRIE WXEJJE TIV MP WSWXIKRS HIP


KVYTTSQSXSTVSTYPWSVI
 2SRXEVI P EXXVI^^S E GSQTPIXS HM XEWWIPPM HM
ETTSKKMS F

E

F

)IRSQMRE^MSRI

(SHMGI

9VEZIVWE



)IRSQMRE^MSRI

(SHMGI

9EWWIPPMHMETTSKKMS



 2SRXEVIKPMEXXVI^^M EI FUYMRHMGSPPIKEVPM


XVEQMXI MP XMVERXI G EPPE WXEJJE TVIGIHIRXI
QIRXIQSRXEXE

E

F

)IRSQMRE^MSRI

(SHMGI

9VEZIVWE



)IRSQMRE^MSRI

(SHMGI

8YTTSVXSZIVXMGEPI



57;CCCCC)9'9.+


 8ZMXEVIPIZMXMHMJMWWEKKMSXEWWIPPSIPEWXMGSWYT
TSVXS VMKMHS TSWXIVMSVI KVYTTS QSXSTVSTYPWSVI
EPPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8ZMXEVIPIZMXM EMPHEHS FIVMQYSZIVIMP
WYTTSVXSVMKMHSTSWXIVMSVIHIPKVYTTSQSXSTVS
TYPWSVI GGSQTPIXSHIPVIPEXMZSXEWWIPPSIPE
WXMGS H

57;CCCCC)9&9.+


 3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 3?>?L?CH,J5749*?.43*7.5&74
WSXXSQSXSVI87@7MTEVSWSXXSQSXSVIB
 3?>?L?CH,J9:'&?.43*HMWGEVMGS
EXXEGGSEPQSXSVIGSPPIXXSVI87@9VEXXSERXI
VMSVIXYFE^MSRIHMWGEVMGSB
 8ZMXEVIMPHEHS EIPEZMXI FUYMRHMVMQYS
ZIVIMPXMVERXI G



57;CCCCC)9'9.+

()

574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*


 &PPIRXEVIPIZMXMTSWXIVMSVMHMJMWWEKKMSWYTTSVXS
HIPGSQERHSEQERSGEQFMS




 8ZMXEVIMFYPPSRM EIWGSPPIKEVIMFVEGGMSWGMP
PERXMMRJIVMSVM FHEMQSRXERXMERXIVMSVM

57;CCCCC)9&9.+

57;CCCCC)9'9.+


 8ZMXEVIPIVMQERIRXMZMXM EIMHEHM FHMJMW
WEKKMSWYTTSVXSHIPGSQERHSEQERSGEQFMS
 7IGYTIVEVIPITMEWXVMRI
 8SWXIRIVIPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
GSR YR QEVXMRIXXS MHVEYPMGS E QYRMXS HM
EXXVI^^S F

F

)IRSQMRE^MSRI

(SHMGI

+PERKME




 8ZMXEVIPIZMXMHMJMWWEKKMSWGEXSPEWIVZSWXIV^SEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8ZMXEVI PI ZMXM TSWXIVMSVM HM JMWWEKKMS XVEZIVWE
HIPPEWSWTIRWMSRITSWXIVMSVIEPPEWGSGGE
 8ZMXEVIPIZMXMPEXIVEPMHMJMWWEKKMSXVEZIVWEHIPPE
WSWTIRWMSRIERXIVMSVIEPPEWGSGGE

57;CCCCC)9'9.+

57;CCCCC)9&9.+

()





574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*


 8ZMXEVI M HEHM E I WGSPPIKEVI M XMVERXM ERGS
VEKKMS IWXVIQMX FEVVE WXEFMPM^^EXVMGI ERXIVMSVI
FHEKPMEQQSVXM^^EXSVM

57;CCCCC)9&9.+

57;CCCCC)9&9.+


 &FFEWWEVI PIRXEQIRXI MP QEVXMRIXXS MHVEYPMGS I
VMQYSZIVIPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
EGSQTPIXEHMFVEGGMSWGMPPERXMMRJIVMSVM FI
FEVVEWXEFMPM^^EXVMGI G


 8IVVEVIPIZMXMHMJMWWEKKMSXVEZIVWEHIPPEWSWTIR
WMSRIERXIVMSVIEPPEWGSGGEEPPEGSTTMETVIWGVMXXE

;EPSVI
HE3Q

+MWWEKKMS

(SQTSRIRXI

;MXI

97&;*78&
2
8485*38.43.
&39

1EXS
WGSGGE


+MWWEKKMS

(SQTSRIRXI

;EPSVI
HE3Q

;MXI

97&;*78&
2
8485*38.43.
&39

1EXS
WGSGGE



 8IVVEVIPIZMXMHMJMWWEKKMSWGEXSPEWIVZSWXIV^SEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVIEPPEGSTTME
TVIWGVMXXE

57;CCCCC)9&9.+

7MEXXEGGS


 7MTSVVIRIPPEWYEWIHIGSRMPQEVXMRIXXSMHVEYPMGS
PEXVEZIVWEHIPPEWSWTIRWMSRIGSQTPIXEHMFVEGGM
SWGMPPERXMMRJIVMSVMIFEVVEWXEFMPM^^EXVMGI
 (SPPIKEVIMXMVERXMHMERGSVEKKMSIWXVIQMXFEVVE
WXEFMPM^^EXVMGIERXIVMSVI EEKPMEQQSVXM^^EXSVM
I WIVVEVI M VIPEXMZM HEHM F EPPE GSTTME TVI
WGVMXXE

F



+MWWEKKMS

(SQTSRIRXI

)EHS

9.7&39*
2
&3(47&,,.4
'&77&89&'.
1.??&39

;EPSVI
HE3Q


+MWWEKKMS

(SQTSRIRXI

;MXI

8(&941&8*7 2
;489*7?4
(4251*9& 8

;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


 7MQYSZIVIMPQEVXMRIXXSMHVEYPMGS EGSQTPIXS
HMEXXVI^^STIVMPWSWXIKRSHIPPEXVEZIVWEWSWTIR
WMSRIERXIVMSVI F

F

)IRSQMRE^MSRI

(SHMGI

+PERKME



()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*

G

H



+MWWEKKMS

(SQTSRIRXI

;MXI

8:554794
2
7.,.)45489
,72494574
5:1847*

+MWWEKKMS

(SQTSRIRXI

)EHS

8:554794
2
7.,.)45489
,72494574
5:1847*

;EPSVI
HE3Q
1EXS
GEQFMS


;EPSVI
HE3Q
1EXS
GEQFMS


 8IVVEVI PI ZMXM HM JMWWEKKMS XEWWIPPS IPEWXMGS HIP


WYTTSVXSTSWXIVMSVIKVYTTSQSXSTVSTYPWSVIEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVIEPPEGSTTME
TVIWGVMXXE
57;CCCCC)9'9.+


 (SPPIKEVI M FVEGGM SWGMPPERXM MRJIVMSVM E EM
QSRXERXMERXIVMSVMIJMWWEVPMGSRMVIPEXMZMFYPPSRM
FEPPEGSTTMETVIWGVMXXE

F

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11&39.
.3+*7.47.
&39

2

;EPSVI
HE3Q
1EXS
QSR
XERXI
QS^^S
ERXI
VMSVI


+MWWEKKMS

(SQTSRIRXI

;MXI

9&88*114
*1&89.(4
8:55.39*72
,7249457

2

;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


57;CCCCC)9'9.+

57;CCCCC)9&9.+


 8IVVEVIPIZMXMIMHEHMHMJMWWEKKMSWYTTSVXSPIZE
GSQERHSGEQFMSIJVIRSEQERS
 2SRXEVI MP WYTTSVXS VMKMHS TSWXIVMSVI KVYTTS
QSXSTVSTYPWSVI E GSQTPIXS HM XEWWIPPS IPE
WXMGS FIJMWWEVPSEPGEQFMSGSRPIZMXM GI
MPHEHS HEPPEGSTTMETVIWGVMXXE

()





574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*


 2SRXEVIMPXMVERXI EIJMWWEVPSGSRPEZMXI F
IMPHEHS GEPPEGSTTMETVIWGVMXXE

3?>?L?CH,J(45*7(-.4.38434
7.??&39*87@(STIVGLMSMRWSRSVM^^ERXIB
 8GSPPIKEVI PI GSRRIWWMSRM IPIXXVMGLI HEKPM IPIX
XVSMRMIXXSVM

)IRSQMRE^MSRI

(SRRIXXSVI

*PIXXVSMRMIXXSVI

3

57;CCCCC)9'9.+


 3?>?L?CH,J9:'&?.43*HMWGEVMGS
EXXEGGSEPQSXSVIGSPPIXXSVI87@9VEXXSERXI
VMSVIHIPPEXYFE^MSRIHMWGEVMGSB
 3?>?L?CH,J5749*?.43*7.5&74
WSXXSQSXSVI87@7MTEVSWSXXSQSXSVIB
 3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 7MQYSZIVIKPMEXXVI^^MYXMPM^^EXMTIVPEWYTTSVXE
^MSRIMRWMGYVI^^EHIPKVYTTSQSXSTVSTYPWSVI
 (SPPIKEVIMPQSVWIXXS HIPPEFEXXIVME
 3?>?L?CH,J5:39*1149*1*8(4
5.(4 YRS W\ S H\ HM WSWXIKRS GSTIVGLMS
ZERSQSXSVI87
 3?>?L? CH ,J "  5&7&:79. &39*
7.47*
 7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

)97&;*78&)*11&
8485*38.43*&39*7.47*
87
8XEGGS





 8ZMXEVI M HEHM I WTSWXEVI PE WXEJJE HM WYTTSVXS
GEFPEKKMSUYMRHMQSRXEVIYRMHSRIEWXEJJETIV
MPWSWXIKRSHIPKVYTTSQSXSTVSTYPWSVI
 2SRXEVI P EXXVI^^S E GSQTPIXS HM XEWWIPPM HM
ETTSKKMS F

E

F

)IRSQMRE^MSRI

(SRRIXXSVI

'EXXIVME

&'

)IRSQMRE^MSRI

(SHMGI

9VEZIVWE



)IRSQMRE^MSRI

(SHMGI

9EWWIPPMHMETTSKKMS



 2SRXEVIKPMEXXVI^^M EI FUYMRHMGSPPI


KEVPMXVEQMXIMPXMVERXI GEPPEWXEJJETVIGIHIR
XIQIRXIQSRXEXE

E



 5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
 3?>?L? CH ,J "  5&7&:79. &39*
7.47*
 3?>?L?CH,J5:39*1149*1*8(4
5.(4 YRS W\ S H\ HM WSWXIKRS GSTIVGLMS
ZERSQSXSVI87
 &GGIVXEVWM GLI PE GLMEZI HM EGGIRWMSRI WME MR
TSWM^MSRI8945UYMRHMWGSPPIKEVIMPQSVWIXXS
HIPPEFEXXIVME

57;CCCCC)9&9.+

F

)IRSQMRE^MSRI

(SHMGI

9VEZIVWE



)IRSQMRE^MSRI

(SHMGI

8YTTSVXSZIVXMGEPI



()

574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*





 &PPIRXEVIPIZMXMTSWXIVMSVMHMJMWWEKKMSWYTTSVXS
HIPGSQERHSEQERSGEQFMS

57;CCCCC)9'9.+



 3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 3?>?L?CH,J5749*?.43*7.5&74
WSXXSQSXSVI87@7MTEVSWSXXSQSXSVIB
 3?>?L?CH,J9:'&?.43*HMWGEVMGS
EXXEGGSEPQSXSVIGSPPIXXSVI87@9VEXXSERXI
VMSVIXYFE^MSRIHMWGEVMGSB
 8ZMXEVIPIZMXMHMJMWWEKKMSXEWWIPPSIPEWXMGSWYT
TSVXS VMKMHS TSWXIVMSVI KVYTTS QSXSTVSTYPWSVI
EPPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8ZMXEVIPIZMXM EIVMQYSZIVIMPWYTTSVXSVMKMHS
TSWXIVMSVI HIP KVYTTS QSXSTVSTYPWSVI F
GSQTPIXSHIPVIPEXMZSXEWWIPPSIPEWXMGS G

57;CCCCC)9'9.+



 8ZMXEVIPIVMQERIRXMZMXM EIMHEHM FHMJMW
WEKKMSWYTTSVXSHIPGSQERHSEQERSGEQFMS
 7IGYTIVEVIPITMEWXVMRI
 8SWXIRIVIPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
GSR YR QEVXMRIXXS MHVEYPMGS E QYRMXS HM
EXXVI^^S F

F

)IRSQMRE^MSRI

(SHMGI

+PERKME



57;CCCCC)9&9.+

57;CCCCC)9'9.+

()





574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*



 8ZMXEVIMFYPPSRM EIWGSPPIKEVIMFVEGGMSWGMP
PERXMMRJIVMSVM FHEMQSRXERXMERXIVMSVM



 8ZMXEVI M HEHM E I WGSPPIKEVI M XMVERXM ERGS
VEKKMS IWXVIQMX FEVVE WXEFMPM^^EXVMGI ERXIVMSVI
FHEKPMEQQSVXM^^EXSVM

57;CCCCC)9&9.+



 8ZMXEVIPIZMXMHMJMWWEKKMSWGEXSPEWIVZSWXIV^SEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
 8ZMXEVI PI ZMXM TSWXIVMSVM HM JMWWEKKMS XVEZIVWE
HIPPEWSWTIRWMSRITSWXIVMSVIEPPEWGSGGE
 8ZMXEVI PIZMXMPEXIVEPMHMJMWWEKKMSXVEZIVWEHIPPE
WSWTIRWMSRIERXIVMSVIEPPEWGSGGE

57;CCCCC)9&9.+



 &FFEWWEVI PIRXEQIRXI MP QEVXMRIXXS MHVEYPMGS I
VMQYSZIVIPEXVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVI
EGSQTPIXEHMFVEGGMSWGMPPERXMMRJIVMSVM FI
FEVVEWXEFMPM^^EXVMGI G

57;CCCCC)9&9.+

7MEXXEGGS

57;CCCCC)9'9.+



 7MTSVVIRIPPEWYEWIHIGSRMPQEVXMRIXXSMHVEYPMGS
PEXVEZIVWEHIPPEWSWTIRWMSRIGSQTPIXEHMFVEGGM
SWGMPPERXMMRJIVMSVMIFEVVEWXEFMPM^^EXVMGI
 (SPPIKEVIMXMVERXMHMERGSVEKKMSIWXVIQMXFEVVE
WXEFMPM^^EXVMGIERXIVMSVI EEKPMEQQSVXM^^EXSVM
I WIVVEVI M VIPEXMZM HEHM F EPPE GSTTME TVI
WGVMXXE

F



+MWWEKKMS

(SQTSRIRXI

)EHS

9.7&39*
2
&3(47&,,.4
'&77&89&'.
1.??&39

;EPSVI
HE3Q


()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*&39*7.47*



57;CCCCC)9&9.+



 8IVVEVIPIZMXMHMJMWWEKKMSXVEZIVWEHIPPEWSWTIR
WMSRIERXIVMSVIEPPEWGSGGEEPPEGSTTMETVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

;MXI

97&;*78&
2
8485*38.43.
&39

+MWWEKKMS

(SQTSRIRXI

;MXI

97&;*78&
2
8485*38.43.
&39

;EPSVI
HE3Q
1EXS
WGSGGE

;EPSVI
HE3Q
1EXS
WGSGGE



 8IVVEVIPIZMXMHMJMWWEKKMSWGEXSPEWIVZSWXIV^SEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVIEPPEGSTTME
TVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

;MXI

8(&941&8*7 2
;489*7?4
(4251*9& 8

57;CCCCC)9'9.+



 (SPPIKEVI M FVEGGM SWGMPPERXM MRJIVMSVM E EM
QSRXERXMERXIVMSVMIJMWWEVPMGSRMVIPEXMZMFYPPSRM
FEPPEGSTTMETVIWGVMXXE

F

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11&39.
.3+*7.47.
&39

2

;EPSVI
HE3Q
1EXS
QSR
XERXI
QS^^S
ERXI
VMSVI


;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


 7MQYSZIVIMPQEVXMRIXXSMHVEYPMGS EGSQTPIXS
HMEXXVI^^STIVMPWSWXIKRSHIPPEXVEZIVWEWSWTIR
WMSRIERXIVMSVI F
57;CCCCC)9&9.+

F

)IRSQMRE^MSRI

(SHMGI

+PERKME



()



 8IVVEVIPIZMXMIMHEHMHMJMWWEKKMSWYTTSVXSPIZE
GSQERHSGEQFMSIJVIRSEQERS
 2SRXEVI MP WYTTSVXS VMKMHS TSWXIVMSVI KVYTTS
QSXSTVSTYPWSVI E GSQTPIXS HM XEWWIPPS IPE
WXMGS FI JMWWEVPS EP GEQFMS GSR PI ZMXM G
EPPEGSTTMETVIWGVMXXE




G

574(*):7*5*71*7.5&7&?.43.
8485*38.43*&39*7.47*

+MWWEKKMS

(SQTSRIRXI

;MXI

8:554794
2
7.,.)45489
,72494574
5:1847*

;EPSVI
HE3Q




3?>?L? CH ,J "  5&7&:79. &39*


7.47*
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

1EXS
GEQFMS


 8IVVEVI PI ZMXM HM JMWWEKKMS XEWWIPPS IPEWXMGS HIP


WYTTSVXSTSWXIVMSVIKVYTTSQSXSTVSTYPWSVIEPPE
XVEZIVWEHIPPEWSWTIRWMSRIERXIVMSVIEPPEGSTTME
TVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

;MXI

9&88*114
*1&89.(4
8:55.39*72
,7249457

2

;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
ERXI
VMSVI


57;CCCCC)9'9.+



 3?>?L?CH,J9:'&?.43*HMWGEVMGS
EXXEGGSEPQSXSVIGSPPIXXSVI87@9VEXXSERXI
VMSVIHIPPEXYFE^MSRIHMWGEVMGSB
 3?>?L?CH,J5749*?.43*7.5&74
WSXXSQSXSVI87@7MTEVSWSXXSQSXSVIB
 3?>?L?CH,J7:49* HYIERXIVMSVM
87@7YSXIERXIVMSVMB
 7MQYSZIVIKPMEXXVI^^MYXMPM^^EXMTIVPEWYTTSVXE
^MSRIMRWMGYVI^^EHIPKVYTTSQSXSTVSTYPWSVI
 (SPPIKEVIPIGSRRIWWMSRMIPIXXVMGLIEKPMIPIXXVSM
RMIXXSVM
 3?>?L?CH,J(45*7(-.4.38434
7.??&39*87@(STIVGLMSMRWSRSVM^^ERXIB
 (SPPIKEVIMPQSVWIXXS HIPPEFEXXIVME
 3?>?L?CH,J5:39*1149*1*8(4
5.(4 YRS W\ S H\ HM WSWXIKRS GSTIVGLMS
ZERSQSXSVI87



()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*



8485*38.43*5489*7.47*

.RHMGIHIPWSXXSKVYTTS
.3).(*,7&+.(4)*184994
,7:554
.RHMGIHIMGSQTPIWWMZM
(QT

)IWGVM^MSRI

&

&22479.??&947.*2411*5489*7.47.

'

'7&((.48(.11&39.8485*38.43*5489*7.47*

(

'&77&89&'.1.??&97.(*9.7&39.84855489

)

&88&1*97&;*78&8485*38.43*5489*7.47*

<

5749*?.43.8485*38.43*5489*7.47*

;EPMHMX

.3).(*,7&+.(4)*184994,7:554

57;CCCCCCCC9-9.+

7MJ

)IRSQMRE^MSRI

(QT

&22479.??&947.*2411*5489*7.47.

&

'7&((.48(.11&39.8485*38.43*5489*7.47*

'

'&77&89&'.1.??&97.(*9.7&39.84855489

(

()





574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*

7MJ

)IRSQMRE^MSRI

(QT

&88&1*97&;*78&8485*38.43*5489*7.47*

)

5749*?.43.8485*38.43*5489*7.47*

<



()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*



&&22479.??&947.*2411*5489*7.47.
.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

&

&22479.??&947*HIPPEWSWTIRWMSRITSWXIVMSVI
YRSW\SH\87

&

&22479.??&947.HIPPEWSWTIRWMSRITSWXIVMSVI87

&

2411&&*1.(&HIPPEWSWTIRWMSRITSWXIVMSVI YREW\
SH\87

&

2411*&*1.(&HIPPEWSWTIRWMSRITSWXIVMSVI87

45*7&?.43.

&&22479.??&947*
)*11&8485*38.43*5489*
7.47* :348=4)=87
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7.;*89.2*3941EXI
VEPI YRS W\ S H\ HIP ZERS FEKEKPMTMERS HM
GEVMGS87@7MZIWXMQIRXSPEXIVEPIZERSFEYPIB
 8ZMXEVIMPHEHSWYTIVMSVIHMJMWWEKKMSEQQSVXM^
^EXSVI

57;CCCCC&9'9.+

7MEXXEGGS


57;CCCCC&9&9.+

3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
 8ZMXEVI MP FYPPSRI MRJIVMSVI E I VMQYSZIVI
P EQQSVXM^^EXSVI HIPPE WSWTIRWMSRI TSWXIVMSVI
F




()

7MTSVVI RIPPE WYE WIHI P EQQSVXM^^EXSVI HIPPE


WSWTIRWMSRITSWXIVMSVIIJMWWEVPSGSRMPFYPPSRI
MRJIVMSVIEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

'YPPSRI

&22479.??& 2
947.5489
82

;EPSVI
HE3Q
1EXS
FVEGGMS
TSVXE
QSPPEI
EQQSVXM^



3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
8IVVEVIMPHEHSWYTIVMSVIHMJMWWEKKMSEQQSVXM^
^EXSVI HIPPE WSWTIRWMSRI TSWXIVMSVIEPPEWGSGGE
EPPEGSTTMETVIWGVMXXE



574(*):7*5*71*7.5&7&?.43.




8485*38.43*5489*7.47*

+MWWEKKMS

(SQTSRIRXI

)EHS

&22479.??& 2
947.5489
82

;EPSVI
HE3Q
1EXS
WGSGGE


3?>?L?CH,J7.;*89.2*3941EXI
VEPI YRS W\ S H\ HIP ZERS FEKEKPMTMERS HM
GEVMGS87@7MZIWXMQIRXSPEXIVEPIZERSFEYPIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

&&22479.??&947.
)*11&8485*38.43*5489*
7.47*87


#;L?LC@?LCG?HNI;IJ&22479.?
?&947*HIPPEWSWTIRWMSRITSWXIVMSVI YRSW\
SH\87@&QQSVXM^^EXSVIHIPPEWSWTIRWMSRI
TSWXIVMSVIB

&2411&&*1.(&
)*11&8485*38.43*5489*
7.47* :3&8=4)=87
8XEGGS



57;CCCCC&9(9.+

5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
:XMPM^^EVIP EXXVI^^STIVPEVMQS^MSRIHIPPEQSPPE
STIVERHSGSQIHMWIKYMXSHIWGVMXXS

)IGSQTVMQIVI PE QSPPE EKIRHS WYP HEHS


HIPP EXXVI^^S
7MQYSZIVIP EXXVI^^SEFFEWWEVIMPFVEGGMSTSVXE
QSPPE I EQQSVXM^^EXSVI UYMRHM VMQYSZIVI PE
QSPPEEHIPMGEHIPPEWSWTIRWMSRITSWXIVMSVI

7MEXXEGGS


)IRSQMRE^MSRI

(SHMGI

&XXVI^^EXYVE



 .RWIVMVI P EWXE JMPIXXEXE E EPP MRXIVRS HIPPE


QSPPEUYMRHMVYSXEVPEHMMRQSHSGLIMTIVRM
FWMTSWM^MSRMRSRIMVMWTIXXMZMEPPSKKMEQIRXM
 2SRXEVIMPJIVQSHMWMGYVI^^E
* XEWWEXMZSP YWSHIPJIVQSHMWMGYVI^^EERXM
VSXE^MSRI

 2SRXEVIPETMEWXVE EIHMPHEHS F


(SQTVMQIVI PE QSPPE EKIRHS WYP HEHS
HIPP EXXVI^^S
 8ZMXEVIMPFYPPSRIMRJIVMSVIHMJMWWEKKMSEQQSVXM^
^EXSVIHIPPEWSWTIRWMSRITSWXIVMSVI
 8ZMXEVIMPFYPPSRIHMJMWWEKKMSFVEGGMSSWGMPPERXI
HIPPE WSWTIRWMSRI TSWXIVMSVI EP FVEGGMS TSVXE
QSPPEIEQQSVXM^^EXSVI

 7MTSVVI RIPPE WYE WIHI PE QSPPE EH IPMGE HIPPE


WSWTIRWMSRITSWXIVMSVI
 (SQTVMQIVIPEQSPPEEHIPMGEHIPPEWSWTIRWMSRI
TSWXIVMSVI GSR P EXXVI^^S STIVERHS EREPSKE
QIRXIEPPSWXEGGSIVMWTIXXERHSPEUYSXEHMGSQ
TVIWWMSRIHIPPEQSPPEMRHMGEXEMRJMKYVE

)IRSQMRE^MSRI

(SHMGI

&XXVI^^EXYVE



 8IVVEVIMPFYPPSRIHMJMWWEKKMSFVEGGMSSWGMPPERXI
HIPPE WSWTIRWMSRI TSWXIVMSVI EP FVEGGMS TSVXE
QSPPEIEQQSVXM^^EXSVIEPPEGSTTMETVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11&39.
5489

2

;EPSVI
HE3Q
1EXS
FVEGGMS
TSVXE
QSPPEI
EQQSVXM^



 8IVVEVIMPFYPPSRIMRJIVMSVIHMJMWWEKKMSEQQSV
XM^^EXSVI HIPPE WSWTIRWMSRI TSWXIVMSVI EPPE
GSTTMETVIWGVMXXE



()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

&22479.??& 2
947.5489
82



;EPSVI
HE3Q
1EXS
FVEGGMS
TSVXE
QSPPEI
EQQSVXM^



57;CCCCC&9(9.+






)IGSQTVMQIVI PE QSPPE EKIRHS WYP HEHS


HIPP EXXVI^^S
7MQYSZIVIP EXXVI^^S
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

&2411*&*1.(&
)*11&8485*38.43*5489*
7.47*87


#;L? LC@?LCG?HNI ; IJ   2411& &


*1.(&HIPPEWSWTIRWMSRITSWXIVMSVI YREW\S
H\87@2SPPEEIPMGEHIPPEWSWTIRWMSRITSWXI
VMSVIB

()





574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*

''7&((.48(.11&39.8485*38.43*5489*
7.47*
.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

'

'7&((.48(.11&39.HIPPEWSWTIRWMSRITSWXIVMSVI
87

'

'7&((.448(.11&39*HIPPEWSWTIRWMSRITSWXIVMSVI
W\SH\87

'

'.*11*99&HM7*,41&?.43*(43;*7,*3?&HMYR
FVEGGMSSWGMPPERXIW\SH\87

'

8:554794'.*11*99&VIKSPE^MSRIGSRZIVKIR^E
TSWXIVMSVI YRSW\SH\87

'

8:554794HMYR'7&((.448(.11&39*WSWTIRWMSRI
TSWXIVMSVI YRSW\SH\87

'

'7&((.45479&2411&I&22479.??&947* YRS
W\SH\87EWIVFEXSMSGSQFYWXMFMPIWXEGGEXS

'

'7&((.5479&2411&I&22479.??&947*W\IH\
87EWIVFEXSMSGSQFYWXMFMPIWXEGGEXS

45*7&?.43.

''7&((.48(.11&39.
)*11&8485*38.43*5489*
7.47*87


#;L? LC@?LCG?HNI ; IJ   '7&((.4


48(.11&39*HIPPEWSWTIRWMSRITSWXIVMSVIW\S
H\87@'VEGGMSSWGMPPERXIHIPPEWSWTIRWMSRI
TSWXIVMSVIB

''7&((.448(.1
1&39*)*11&8485*38.43*
5489*7.47*8=4)=87
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
&GGIVXEVWM GLI PE GLMEZI HM EGGIRWMSRI WME MR
TSWM^MSRI8945UYMRHMWGSPPIKEVIMPQSVWIXXS
HIPPEFEXXIVME

57;CCCCC'9&9.+

)IRSQMRE^MSRI

(SRRIXXSVI

'EXXIVME

&'

3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
 8ZMXEVIPEZMXI EHIPWIRWSVIRYQIVSKMVMVYSXE
TSWXIVMSVI I HMWMQTIKREVI MP VIPEXMZS GEFPEKKMS
HEMJMWWEKKM F



3?>?L?CH,J).8(4+7*3.5489*
7.47. YRSW\SH\87@)MWGSJVIRMTSWXI
VMSVIB
 3?>?L?CH,J!(455&HIPQS^^SHM
YREVYSXETSWXIVMSVIW\SH\87@(STTEHIP
QS^^SHMYREVYSXETSWXIVMSVIB
 3?>?L?CH ,J!  24??4HMYREVYSXE
TSWXIVMSVI W\ S H\  87 E VYSXE WXEGGEXE TIV
ZIVWMSRMGSR&'8I=@2S^^SHMYREVYSXE
TSWXIVMSVIB
 3?>?L?CH,J7.5&74).8(4 YRS
JVIRMTSWXIVMSVMW\SH\87@7MTEVSHMWGSJVIRM
TSWXIVMSVMB
 3?>?L?CH,J47.5&74&*74).3&
2.(4 YRSW\SH\WSWTIRWMSRITSWXIVMSVI
87@7MTEVSTSWXIVMSVIB
 5SWM^MSREVI YR QEVXMRIXXS MHVEYPMGS WSXXS EP
FVEGGMSSWGMPPERXI
 8ZMXEVIMPHEHSMRJIVMSVIHMJMWWEKKMSEVXMGSPE^MSRI
FEVVEWXEFMPM^^EXVMGIWSWTIRWMSRITSWXIVMSVI

()

574(*):7*5*71*7.5&7&?.43.
8485*38.43*5489*7.47*




57;CCCCC'9&9.+

3?>?L? CH ,J   8:554794 HM YR


'7&((.4 48(.11&39* WSWTIRWMSRI TSWXI
VMSVI YRS W\ S H\  87 @8YTTSVXS HM YR
FVEGGMSSWGMPPERXIB
 3?>?L?CH,J'.*11*99&HM7*,4
1&?.43*(43;*7,*3?&HMYRFVEGGMSSWGMP
PERXI W\ S H\  87 @'MIPPIXXE HM VIKSPE^MSRI
GSRZIVKIR^EHMYRFVEGGMSSWGMPPERXIB
 &FFEWWEVIMPQEVXMRIXXSMHVEYPMGSIVMQYSZIVIMP
FVEGGMSSWGMPPERXIHIPPEWSWTIRWMSRITSWXIVMSVI
 &PFERGSWZMXEVIPIZMXM EIVMQYSZIVIMPWYT
TSVXS GEZM WIRWSVM KMVM VYSXI TSWXIVMSVM I GEZM
JVIRSEQERS F










57;CCCCC'9&9.+

7MEXXEGGS




7MTSVVI RIPPE WYE WIHI MP WYTTSVXS GEZM WIRWSVM


KMVMVYSXITSWXIVMSVMIGEZMJVIRSEQERSIJMWWEVPS
GSRPIVIPEXMZIZMXM
7MTSVVIRIPPEWYEWIHIMPFVEGGMSSWGMPPERXIHIPPE
WSWTIRWMSRITSWXIVMSVI
3?>?L?CH,J'.*11*99&HM7*,4
1&?.43*(43;*7,*3?&HMYRFVEGGMSSWGMP
PERXI W\ S H\  87 @'MIPPIXXE HM VIKSPE^MSRI
GSRZIVKIR^EHMYRFVEGGMSSWGMPPERXIB
3?>?L? CH ,J   8:554794 HM YR
'7&((.4 48(.11&39* WSWTIRWMSRI TSWXI
VMSVI YRS W\ S H\  87 @8YTTSVXS HM YR
FVEGGMSSWGMPPERXIB
8IVVEVI MP HEHS MRJIVMSVI HM JMWWEKKMS EVXMGSPE
^MSRI FEVVE WXEFMPM^^EXVMGI WSWTIRWMSRI TSWXI
VMSVIEPPEGSTTMETVIWGVMXXE

()



+MWWEKKMS

(SQTSRIRXI

;EPSVI
HE3Q

)EHS

&79.(41&
?.43.'&77&
89&'.1.??&
97.(*5489

2



7MQYSZIVI MP QEVXMRIXXS MHVEYPMGS HE WSXXS MP


FVEGGMSSWGMPPERXI
3?>?L?CH,J47.5&74&*74).3&
2.(4 YRSW\SH\WSWTIRWMSRITSWXIVMSVI
87@7METVSTSWXIVMSVIB
3?>?L?CH,J7.5&74).8(4 YRS
JVIRMTSWXIVMSVMW\SH\87@7MTEVSHMWGSJVIRM
TSWXIVMSVMB
3?>?L?CH,J!24??4HMYREVYSXE
TSWXIVMSVI W\ S H\  87 E VYSXE WXEGGEXE TIV
ZIVWMSRMGSR&'8I=@2S^^SHMYREVYSXE
TSWXIVMSVIB
3?>?L?CH,J!(455&HIPQS^^SHM
YREVYSXETSWXIVMSVIW\SH\87@(STTEHIP
QS^^SHMYREVYSXETSWXIVMSVIB
3?>?L?CH,J).8(4+7*3.5489*
7.47. YRSW\SH\87@)MWGSJVIRMTSWXI
VMSVIB
7MTSVVI RIPPE WYE WIHI MP WIRWSVI KMVM VYSXE
TSWXIVMSVIJMWWEVPSGSRPEVIPEXMZEZMXIEPPEGSTTME
TVIWGVMXXE UYMRHM JMWWEVI MP VIPEXMZS GEFPEKKMS
IPIXXVMGS
+MWWEKKMS

(SQTSRIRXI

;MXI

8*3847*,.7. 2
7:49*5489
&'8

;EPSVI
HE3Q


3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
(SPPIKEVIMPQSVWIXXS HIPPEFEXXIVME
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI
3?>?L? CH ,J   &88*994 7:49*
5489*7.47.  (SRXVSPPS GSR ETTEVIGGLMEXYVE
SXXMGE(SQTIZVIKSPE^@&WWIXXSVYSXITSWXI
VMSVMB

''.*11*99&).7*,4
1&?.43*(43;*7,*3?&).
:3'7&((.448(.11&39*8=
4)=87
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J47.5&74&*74).3&
2.(4 YRSW\SH\WSWTIRWMSRITSWXIVMSVI
87@7MTEVSTSWXIVMSVIB
 3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
 8ZMXEVIMFYPPSRM EI FIVMQYSZIVIPEFMIP
PIXXE HM VIKSPE^MSRI GSRZIVKIR^E FVEGGMS SWGMP
PERXI G
3SXE  5IV PE VMQS^MSRI HIPPE FMIPPIXXE WMRMWXVE
SGGSVVI WZMXEVI M HEHM HM JMWWEKKMS HIPPE
TVSXI^MSRI TEVEGEPSVI XYFE^MSRI HM WGE
VMGS





574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*


3?>?L?CH,J'.*11*99&HM7*,4
1&?.43*(43;*7,*3?&HMYRFVEGGMSSWGMP
PERXI W\ S H\  87 @'MIPPIXXE HM VIKSPE^MSRI
GSRZIVKIR^EFVEGGMSSWGMPPERXIB
 8ZMXEVIMFYPPSRMHMJMWWEKKMSFEVVEWXEFMPM^^EXVMGI
TSWXIVMSVIEPWYTTSVXSFMIPPIXXEVIKSPE^MSRIGSR
ZIVKIR^ETSWXIVMSVI
 8ZMXEVIPIZMXM EIVMQYSZIVIMPWYTTSVXSFMIP
PIXXEVIKSPE^MSRIGSRZIVKIR^ETSWXIVMSVI F

57;CCCCC'9&9.+

7MEXXEGGS







7MTSVVIRIPPEWYEWIHIPEFMIPPIXXEHMVIKSPE^MSRI
GSRZIVKIR^E FVEGGMS SWGMPPERXI I JMWWEVPE GSR M
VIPEXMZMFYPPSRMEPPEGSTTMETVIWGVMXXE

;EPSVI
HE3Q

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'.*11*99&
2
7*,41&?
(43;*7,
'7&((.448(

1EXS
WYT
TSVXS


+MWWEKKMS

(SQTSRIRXI

;EPSVI
HE3Q

'YPPSRI

'.*11*99&
2
7*,41&?
(43;*7,
'7&((.448(

1EXS
FVEGGMS
SWGMP
PERXI



3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
3?>?L?CH,J47.5&74&*74).3&
2.(4 YRSW\SH\WSWTIRWMSRITSWXIVMSVI
87@7MTEVSTSWXIVMSVIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI
3?>?L? CH ,J   &88*994 7:49*
5489*7.47.  (SRXVSPPS GSR ETTEVIGGLMEXYVE
SXXMGE(SQTIZVIKSPE^@&WWIXXSVYSXITSWXI
VMSVMB

'8:554794'.*1
1*99&7*,41&?.43*(43
;*7,*3?&5489*7.47*
:348=4)=87
8XEGGS





5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J47.5&74&*74).3&
2.(4 YRSW\SH\WSWTIRWMSRITSWXIVMSVI
87@7MTEVSTSWXIVMSVIB
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB

57;CCCCC'9&9.+

7MEXXEGGS





7MTSVVIRIPPEWYEWIHIMPWYTTSVXSFMIPPIXXEVIKS
PE^MSRI GSRZIVKIR^E TSWXIVMSVI I JMWWEVPE GSR M
VIPEXMZMFYPPSRMEPPEWGSGGEEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

'YPPSRI

8:554794
'.*11*99&
7*,41&?
(43;*7
,*3?&

2

;EPSVI
HE3Q
1EXS
WGSGGE


8IVVEVI PI ZMXM HM JMWWEKKMS FEVVE WXEFMPM^^EXVMGI


TSWXIVMSVIEPWYTTSVXSFMIPPIXXEVIKSPE^MSRIGSR
ZIVKIR^ETSWXIVMSVIEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

;MXI

'&77&89&'. 2
1.??&97.(*
5489

;EPSVI
HE3Q
1EXS
WYTT
FMIPPIXXE
VIKSPE^
GSR
ZIVK


3?>?L?CH,J'.*11*99&HM7*,4
1&?.43*(43;*7,*3?&HMYRFVEGGMSSWGMP
PERXI W\ S H\  87 @'MIPPIXXE HM VIKSPE^MSRI
GSRZIVKIR^EFVEGGMSSWGMPPERXIB
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
3?>?L?CH,J47.5&74&*74).3&
2.(4 YRSW\SH\WSWTIRWMSRITSWXIVMSVI
87@7MTEVSTSWXIVMSVIB

()





574(*):7*5*71*7.5&7&?.43.
8485*38.43*5489*7.47*

7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI
3?>?L? CH ,J   &88*994 7:49*
5489*7.47.  (SRXVSPPS GSR ETTEVIGGLMEXYVE
SXXMGE(SQTIZVIKSPE^@&WWIXXSVYSXITSWXI
VMSVMB

'8:554794).:3
'7&((.448(.11&39*
8485*38.43*5489*7.47*
:348=4)=87
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J47.5&74&*74).3&
2.(4 YRSW\SH\WSWTIRWMSRITSWXIVMSVI
87
 3?>?L?CH,J7:49& YRETSWXI
VMSVI87
 5SWM^MSREVI YR QEVXMRIXXS MHVEYPMGS WSXXS MP
FVEGGMS SWGMPPERXI HIPPE WSWTIRWMSRI TSWXIVMSVI
MR TVSWWMQMX HIPP EVXMGSPE^MSRI FEVVE WXEFMPM^^E
XVMGI
 8ZMXEVI PI ZMXM HM JMWWEKKMS WYTTSVXS FVEGGMS
SWGMPPERXIWSWTIRWMSRITSWXIVMSVIEPPEWGSGGE
 &FFEWWEVIUYERXSFEWXEMPQEVXMRIXXSMHVEYPMGS
 8ZMXEVI MP FYPPSRI E I VMQYSZIVI MP WYTTSVXS
FVEGGMSSWGMPPERXIWSWTIRWMSRITSWXIVMSVI F












+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11&39.
5489

2

;EPSVI
HE3Q
1EXS
WYT
TSVXS



7MTSVVIRIPPEWYEWIHIMPWYTTSVXSFVEGGMSSWGMP
PERXI WSWTIRWMSRI TSWXIVMSVI GSR MP QEVXMRIXXS
MHVEYPMGS
8IVVEVI PI ZMXM HM JMWWEKKMS WYTTSVXS FVEGGMS
SWGMPPERXI WSWTIRWMSRI TSWXIVMSVI EPPE WGSGGE
EPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

;MXI

8:554794
2
'7&((.4
48(.11&39*
8485*38.43*
5489*7.47*

;EPSVI
HE3Q
1EXS
WGSGGE


7MQYSZIVIMPQEVXMRIXXSMHVEYPMGS
3?>?L?CH,J7:49& YRETSWXI
VMSVI87
3?>?L?CH,J47.5&74&*74).3&
2.(4 YRSW\SH\WSWTIRWMSRITSWXIVMSVI
87
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI
3?>?L? CH ,J   &88*994 7:49*
5489*7.47.  (SRXVSPPS GSR ETTEVIGGLMEXYVE
SXXMGE(SQTIZVIKSPE^

''7&((.45479&
2411&*&22479.??&947*
:348=4)=87&8*7
'&94.4(42':89.'.1*89&(
(&94
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
 8ZMXEVI PI ZMXM E I WTSWXEVI PEXIVEPQIRXI PE
TMR^E JVIRM F GSQTPIXE WIR^E WGSPPIKEVI PE
VIPEXMZEXYFE^MSRI

57;CCCCC'9(9.+

7MEXXEGGS


7MTSVVIRIPPEWYEWIHIMPWYTTSVXSFVEGGMSSWGMP
PERXI WSWTIRWMSRI TSWXIVMSVI I JMWWEVPS GSR MP
VIPEXMZSFYPPSRIEPPEGSTTMETVIWGVMXXE

()





574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11547
9&2411&
&22479
84855

2

3?>?L?CH,J2411&&*1.(&HIPPE
WSWTIRWMSRI TSWXIVMSVI YRE W\ S H\  87
@2SPPEEIPMGEWSWTIRWMSRITSWXIVMSVIB
 8ZMXEVIMPHEHSMRJIVMSVIHMJMWWEKKMSEVXMGSPE^MSRI
FEVVEWXEFMPM^^EXVMGIWSWTIRWMSRITSWXIVMSVI






57;CCCCC'9&9.+

 8ZMXEVI MP FYPPSRI E I VMQYSZIVI MP FVEGGMS


TSVXEQSPPEIEQQSVXM^^EXSVI F

1EXS
XVEZIVWE
WSWTIR
WMSRI
TSWXI
VMSVI



8IVVEVI MP HEHS MRJIVMSVI HM JMWWEKKMS EVXMGSPE


^MSRI FEVVE WXEFMPM^^EXVMGI WSWTIRWMSRI TSWXI
VMSVIEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

;EPSVI
HE3Q

)EHS

&79.(41&
?.43.'&77&
89&'.1.??&
97.(*5489

2



57;CCCCC'9&9.+

;EPSVI
HE3Q

3?>?L?CH,J2411&&*1.(&HIPPE
WSWTIRWMSRI TSWXIVMSVI YRE W\ S H\  87
@2SPPEEIPMGEWSWTIRWMSRITSWXIVMSVIB
7MTSVVIRIPPIPSVSWIHMPITMR^IJVIRMGSQTPIXII
JMWWEVPIGSRPIVIPEXMZIZMXMEPPEGSTTMETVIWGVMXXE
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

''7&((.5479&
2411&*&22479.??&947*
8=*)=87&8*7'&94.4
(42':89.'.1*89&((&94


#;L? LC@?LCG?HNI ; IJ   '7&((.4


5479&2411& I &22479.??&947* YRS
W\SH\87EWIVFEXSMSGSQFYWXMFMPIWXEGGEXS
@'VEGGMS TSVXEQSPPE I EQQSVXM^^EXSVI E WIVFE
XSMSGSQFYWXMFMPIWXEGGEXSB

57;CCCCC'9&9.+

7MEXXEGGS




7MTSVVI RIPPE WYE WIHI MP FVEGGMS TSVXEQSPPE I


EQQSVXM^^EXSVIIJMWWEVPSEPPEXVEZIVWEGSRMVIPE
XMZMFYPPSRMEPPEGSTTMETVIWGVMXXE

()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*



('&77&89&'.1.??&97.(*9.7&39.8485
5489
.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

(

'&77&89&'.1.??&97.(*WSWTIRWMSRITSWXIVMSVI
87

(

&79.(41&?.43*'&77&89&'.1.??&97.(*WSWTIR
WMSRITSWXIVMSVI YREW\SH\87WYZIXXYVE

45*7&?.43.

('&77&89&'.1.??&
97.(*8485*38.43*5489*
7.47*87
8XEGGS




5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49* HYITSWXIVMSVM
87@7YSXITSWXIVMSVMB
3?>?L? CH ,J    &79.(41&?.43*
'&77&89&'.1.??&97.(*WSWTIRWMSRITSWXI
VMSVI YREW\SH\87WYZIXXYVE@&VXMGSPE
^MSRI FEVVE WXEFMPM^^EXVMGIB 1EXS HIWXVS I
WMRMWXVS
3?>?L? CH ,J   (4251*88.;4
5425&.22*78&GSQTPIXEHMGSQERHSMRHM
GEXSVIHMPMZIPPS87@5SQTEGSQFYWXMFMPIB


 3?>?L?CH,J8*7'&94.4(42':
89.'.1*87IXVEZEWSGSQFYWXMFMPITIVZIV
WMSRMGSRMQTMERXSERXMIZETSVE^MSRI@8IVFEXSMS
GSQFYWXMFMPIB


 3?>?L?CH,J8*7'&94.4(42':
89.'.1*  87I XVEZEWS GSQFYWXMFMPI @8IVFE
XSMSGSQFYWXMFMPIB
 3?>?L?CH,J8*7'&94.4(42':
89.'.1*87IXVEZEWSGSQFYWXMFMPITIVZIV
WMSRMGSRMQTMERXSERXMIZETSVE^MSRI@8IVFEXSMS
GSQFYWXMFMPIB
 8ZMXEVIMFYPPSRM EHMJMWWEKKMSFEVVEWXEFMPM^
^EXVMGI WSWTIRWMSRI TSWXIVMSVI F EM WYTTSVXM
FMIPPIXXI VIKSPE^MSRI GSRZIVKIR^E TSWXIVMSVI I
VMQYSZIVPE

()

57;CCCCC(9)9.+

7MEXXEGGS


7MTSVVI RIPPE WYE WIHI PE FEVVE WXEFMPM^^EXVMGI


WSWTIRWMSRITSWXIVMSVIIJMWWEVPEGSRMFYPPSRMEM
WYTTSVXM FMIPPIXXI VIKSPE^MSRI GSRZIVKIR^E
TSWXIVMSVIEPPEGSTTMETVIWGVMXXE






574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'&77&89&'. 2
1.??&97.(*
5489

;EPSVI
HE3Q
1EXS
WYTT
FMIPPIXXE
VIKSPE^
GSR
ZIVK




 3?>?L?CH,J8*7'&94.4(42':
89.'.1*87 IXVEZEWSGSQFYWXMFMPI@8IVFE
XSMSGSQFYWXMFMPIB

7MEXXEGGS





7MTSVVIRIPPEWYEWIHIP EVXMGSPE^MSRIFEVVEWXE
FMPM^^EXVMGIWSWTIRWMSRITSWXIVMSVIIJMWWEVPEGSR
MVIPEXMZMHEHMEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

;EPSVI
HE3Q

)EHS

&79.(41&
?.43.'&77&
89&'.1.??&
97.(*5489

2



3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI


 3?>?L?CH,J8*7'&94.4(42':
89.'.1*87IXVEZEWSGSQFYWXMFMPITIVZIV
WMSRMGSRMQTMERXSERXMIZETSVE^MSRI@8IVFEXSMS
GSQFYWXMFMPIB
 3?>?L? CH ,J   (4251*88.;4
5425&.22*78&GSQTPIXEHMGSQERHSMRHM
GEXSVIHMPMZIPPS87@5SQTEGSQFYWXMFMPIB
 3?>?L? CH ,J    &79.(41&?.43*
'&77&89&'.1.??&97.(*WSWTIRWMSRITSWXI
VMSVI YREW\SH\87WYZIXXYVE@&VXMGSPE
^MSRI FEVVE WXEFMPM^^EXVMGIB 1EXS HIWXVS I
WMRMWXVS
 3?>?L?CH,J7:49* HYITSWXIVMSVM
87@7YSXITSWXIVMSVMB
 7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

(&79.(41&?.43*
'&77&89&'.1.??&97.(*
8485*38.43*5489*7.47*
:3&8=4)=878:;*9
9:7&
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
 8ZMXEVI M HEHM E I VMQYSZIVI P EVXMGSPE^MSRI
FEVVEWXEFMPM^^EXVMGIWSWTIRWMSRITSWXIVMSVI F

57;CCCCC(9&9.+



()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*



)&88&1*97&;*78&8485*38.43*5489*
7.47*
.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

) 97&;*78&HIPPEWSWTIRWMSRITSWXIVMSVI87

45*7&?.43.

)97&;*78&)*11&
8485*38.43*5489*7.47*
87
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49* HYITSWXIVMSVM
87@7YSXITSWXIVMSVMB
 8ZMXEVI PI ZMXM E I WTSWXEVI PEXIVEPQIRXI PI
TMR^I JVIRM F GSQTPIXI WIR^E WGSPPIKEVI PI
VIPEXMZIXYFE^MSRM

3?>?L?CH,J2411*&*1.(&HIPPE
WSWTIRWMSRI TSWXIVMSVI  87 @2SPPI E IPMGE
WSWTIRWMSRITSWXIVMSVIB
 8ZMXEVI M HEHM MRJIVMSVM HM JMWWEKKMS EVXMGSPE^MSRM
FEVVEWXEFMPM^^EXVMGIWSWTIRWMSRITSWXIVMSVI

 5SWM^MSREVI YR QEVXMRIXXS MHVEYPMGS WSXXS EPPE


TEVXI GIRXVEPI HIPPE XVEZIVWE HIPPE WSWTIRWMSRI
TSWXIVMSVI
 8ZMXEVIPIZMXMHMJMWWEKKMSXVEZIVWEHIPPEWSWTIR
WMSRITSWXIVMSVIEPPEWGSGGE
 &FFEWWEVIMPQEVXMRIXXSMHVEYPMGSIVMQYSZIVIPE
XVEZIVWEHIPPEWSWTIRWMSRITSWXIVMSVI EGSQ
TPIXE HM FVEGGM TSVXEQSPPE I EQQSVXM^^EXSVI
F

57;CCCCC)9'9.+
57;CCCCC)9&9.+

 &P FERGS WZMXEVI M FYPPSRM E I WITEVEVI M


FVEGGM TSVXEQSPPE I EQQSVXM^^EXSVI F HEPPE
XVEZIVWEHIPPEWSWTIRWMSRITSWXIVMSVI G

57;CCCCC)9&9.+

57;CCCCC)9&9.+

()





574(*):7*5*71*7.5&7&?.43.
8485*38.43*5489*7.47*

7MEXXEGGS












2SRXEVI M FVEGGM TSVXEQSPPE I EQQSVXM^^EXSVI


WYPPEXVEZIVWEHIPPEWSWTIRWMSRITSWXIVMSVIIJMW
WEVPMGSRMVIPEXMZMFYPPSRMEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'7&((.
48(.11547
9&2411&
&22479
84855

2

;EPSVI
HE3Q
1EXS
XVEZIVWE
WSWTIR
WMSRI
TSWXI
VMSVI



7MTSVVIRIPPEWYEWIHIPEXVEZIVWEHIPPEWSWTIR
WMSRITSWXIVMSVIGSQTPIXEHMFVEGGMTSVXEQSPPEI
EQQSVXM^^EXSVI YXMPM^^ERHS MP QEVXMRIXXS MHVEY
PMGS
8IVVEVI PI ZMXM HM JMWWEKKMS XVEZIVWE WSWTIRWMSRM
TSWXIVMSVMEPPEWGSGGEEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

;MXI

97&;*78&
2
8485*38.43.
5489

;EPSVI
HE3Q
1EXS
WGSGGE


7MQYSZIVI MP QEVXMRIXXS MHVEYPMGS HE WSXXS EPPE


XVEZIVWEHIPPEWSWTIRWMSRITSWXIVMSVI
8IVVEVIMHEHMMRJIVMSVMHMJMWWEKKMSEVXMGSPE^MSRM
FEVVE WXEFMPM^^EXVMGI WSWTIRWMSRI TSWXIVMSVI EPPE
GSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

;EPSVI
HE3Q

)EHS

&79.(41&
?.43.'&77&
89&'.1.??&
97.(*5489

2



3?>?L?CH,J2411*&*1.(&HIPPE
WSWTIRWMSRI TSWXIVMSVI  87 @2SPPI E IPMGE
WSWTIRWMSRITSWXIVMSVIB
7MTSVVIRIPPIPSVSWIHMPITMR^IJVIRMGSQTPIXII
JMWWEVPIGSRPIVIPEXMZIZMXMEPPEGSTTMETVIWGVMXXE
3?>?L?CH,J7:49* HYITSWXIVMSVM
87@7YSXITSWXIVMSVMB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

()

574(*):7*5*71*7.5&7&?.43.

8485*38.43*5489*7.47*



<5749*?.43.8485*38.43*5489*7.47*
.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

< 7.5&74&*74).3&2.(4 YRSW\SH\WSWTIRWMSRI


TSWXIVMSVI87

45*7&?.43.

<7.5&74&*74).3&
2.(4 :348=4)=
8485*38.43*5489*7.47*
87
8XEGGS

 8ZMXEVIPEZMXI EIMPHEHS FUYMRHMVMQYS


ZIVIMPVMTEVSTSWXIVMSVIWMRMWXVS G
 4TIVEVI EREPSKEQIRXI TIV MP VMTEVS TSWXIVMSVI
HIWXVS

57;CCCCC<9&9.+

7MEXXEGGS


7MTSVVIRIPPIPSVSWIHMMVMTEVMTSWXIVMSVMIJMWWEVPM
GSRPIZMXMIMHEHM

()







574(*):7*5*71*7.5&7&?.43.
8485*38.43*5489*7.47*

()

574(*):7*5*71*7.5&7&?.43.

24??.*7:49*



24??.*7:49*

.RHMGIHIPWSXXSKVYTTS
.3).(*,7&+.(4)*184994
,7:554
.RHMGIHIMGSQTPIWWMZM
(QT

)IWGVM^MSRI

&

&88*9947:49*

(

24??.7:49*&39*7.47.

)

24??.7:49*5489*7.47.

;EPMHMX

.3).(*,7&+.(4)*184994,7:554

57;CCCCCCCC9-9.+

7MJ

)IRSQMRE^MSRI

(QT

&88*9947:49*

&

24??.7:49*&39*7.47.

(

24??.7:49*5489*7.47.

)

()





574(*):7*5*71*7.5&7&?.43.

24??.*7:49*

&&88*9947:49*
.RHMGIHIPPISTIVE^MSRM

(SHMGI

4TIVE^MSRI

;EPMHMX

&

&88*9947:49*&39*7.47.(SRXVSPPSGSRETTEVIG
GLMEXYVESXXMGE(SQTIZVIKSPE^

&

&88*9947:49*5489*7.47.(SRXVSPPSGSRETTE
VIGGLMEXYVESXXMGE(SQTIZVIKSPE^

45*7&?.43.

&&88*9947:49*
&39*7.47.(43974114(43
&55&7*((-.&9:7&499.(&
(425*;7*,41&?


5SWM^MSREVIPEZIXXYVEWYPTMERSHMGSRXVSPPSGSR
TMEWXVIWGSVVIZSPMWYXYXXIPIVYSXI
 5VIHMWTSVVI PE ZIXXYVE MR GSRHM^MSRM HM GEVMGS
WXERHEVH& ZYSXSTMIRSGSQFYWXMFMPI
 ;IVMJMGEVI GLI PE TVIWWMSRI HM KSRJMEKKMS HIM
TRIYQEXMGMVMIRXVMRIMZEPSVMTVIWGVMXXM
 5SVXEVI PE ZIXXYVE RIPPI GSRHM^MSRM HM GSRXVSPPS
SXXMQEPIGMSGSRPEUYSXE-IRXVSMZEPSVMTVI
WGVMXXM
3SXE 5IVVEKKMYRKIVIPEUYSXE-WIRIGIWWEVMS
EKKMYRKIVIHIMTIWM

 

;EPSVI

- QQ




;EPSVI

- QQ





 

2MWYVE

;EPSVI

- QQ





 

2MWYVE

2MWYVE

2MWYVE

;EPSVI

- QQ





 

2MWYVE

;EPSVI

- QQ





 
57;CCCCC&9&9.+

2MWYVE

;EPSVI

- QQ




 
 







.RUYIWXIGSRHM^MSRMZIVMJMGEVIKPMERKSPMGEVEXXI
VMWXMGM HIPPE WSWTIRWMSRI ERXIVMSVI HM WIKYMXS
MRHMGEXM
(43974114(43;*7,*3?&
;IVMJMGEVI GLI MP ZEPSVI HM GSRZIVKIR^E VYSXI
ERXIVMSVMVMIRXVMMRUYIPPMTVIWGVMXXM
2MWYVE

;EPSVI

)) QQ



()

574(*):7*5*71*7.5&7&?.43.

24??.*7:49*



2MWYVE

;EPSVI

 

 


3SXE 1EGEQTEREXYVEHIPPIVYSXIERXIVMSVMRSR
VIKSPEFMPI8IMPZEPSVIRSRVMIRXVEMRUYIPPM
TVIWGVMXXM GSRXVSPPEVI MP FVEGGMS SWGMPPERXI
HIPPE WSWTIRWMSRI I PE WGSGGE HIPPE ZIX
XYVE

57;CCCCC&9&9.+


3SXE 3IPGEWSMPZEPSVIHIPPEGSRZIVKIR^EVYSXI
ERXIVMSVM RSR VMIRXVM RIM ZEPSVM TVIWGVMXXM
VIKMWXVEVPE STIVERHS GSQI HM WIKYMXS
HIWGVMXXS
 7EHHVM^^EVITIVJIXXEQIRXIMPZSPERXIIFPSGGEVPS
MRUYIWXETSWM^MSRIGSRYRMHSRISEXXVI^^S
 &PPIRXEVI PI JEWGIXXI HM JMWWEKKMS GYJJMI WGEXSPE
WIVZSWXIV^SWYMXMVERXMWXIV^S
 &PPIRXEVIMHEHMHIMXMVERXMWXIV^S
 &ZZMXEVISWZMXEVIMXMVERXMWXIV^SJMRSEHSXXIRIVI
MPZEPSVITVIWGVMXXSHMGSRZIVKIR^EQERXIRIRHS
EPPMRIEXIPIVYSXIERXIVMSVM

57;CCCCC&9(9.+




57;CCCCC&9&9.+






8IVVEVIMHEHMHIMXMVERXMWXIV^SEPPEGSTTMETVI
WGVMXXE
+MWWEKKMS

(SQTSRIRXI

)EHS

9.7&39.
89*7?4
7*,.897(43
8(&941* (
8

2

;EPSVI
HE3Q
1EXS
WGEXSPE
WIVZS
WXIV^S


(43974114.3(.)*3?&
;IVMJMGEVIGLIMPZEPSVIHMMRGMHIR^EVYSXIERXI
VMSVMVMIRXVMMRUYIPPMTVIWGVMXXM
2MWYVE

;EPSVI

 

j 


3SXE  1 MRGMHIR^E HIPPI VYSXI ERXIVMSVM RSR


VIKSPEFMPI8IMPZEPSVIRSRVMIRXVEMRUYIPPM
TVIWGVMXXM GSRXVSPPEVI MP FVEGGMS SWGMPPERXI
HIPPE WSWTIRWMSRI I PE WGSGGE HIPPE ZIX
XYVE

8IVVEVIPIJEWGIXXIHMJMWWEKKMSGYJJMIWGEXSPEWIV
ZSWXIV^SWYMXMVERXMWXIV^S
7MQYSZIVIP EXXVI^^SHMFPSGGEKKMSZSPERXI
(43974114(&25&3&9:7&
;IVMJMGEVI GLI MP ZEPSVI HM GEQTEREXYVE VYSXI
ERXIVMSVMVMIRXVMMRUYIPPMTVIWGVMXXM

()





574(*):7*5*71*7.5&7&?.43.
24??.*7:49*

2MWYVE

;EPSVI

- QQ




57;CCCCC&9(9.+

&&88*9947:49*
5489*7.47.(43974114
(43&55&7*((-.&9:7&
499.(&(425*;7*,41&?
5SWM^MSREVIPEZIXXYVEWYPTMERSHMGSRXVSPPSGSR
TMEWXVIWGSVVIZSPMWYXYXXIPIVYSXI
 5VIHMWTSVVI PE ZIXXYVE MR GSRHM^MSRM HM GEVMGS
WXERHEVH& ZYSXSTMIRSGSQFYWXMFMPI
 ;IVMJMGEVI GLI PE TVIWWMSRI HM KSRJMEKKMS HIM
TRIYQEXMGMVMIRXVMRIMZEPSVMTVIWGVMXXM
 5SVXEVI PE ZIXXYVE RIPPI GSRHM^MSRM HM GSRXVSPPS
SXXMQEPIGMSGSRPEUYSXE-IRXVSMZEPSVMTVI
WGVMXXM
3SXE 5IVVEKKMYRKIVIPEUYSXE-WIRIGIWWEVMS
EKKMYRKIVIHIMTIWMRIPZERSFEKEKPMS

57;CCCCC&9'9.+

.RUYIWXIGSRHM^MSRMZIVMJMGEVIKPMERKSPMGEVEXXI
VMWXMGM HIPPE WSWTIRWMSRI TSWXIVMSVI HM WIKYMXS
MRHMGEXM
7MWTIXXEVIMRQSHSMRHIVSKEFMPIPEWIUYIR^E
HMGSRXVSPPMTVMQEPEGEQTEREXYVEITSMPE
GSRZIVKIR^E




(43974114(&25&3&9:7&
;IVMJMGEVI GLI MP ZEPSVI HM GEQTEREXYVE VYSXI
TSWXIVMSVMVMIRXVMMRUYIPPMTVIWGVMXXM
2MWYVE

;EPSVI

 

 



 

2MWYVE

;EPSVI

- QQ





 

2MWYVE

;EPSVI

- QQ





 



()

574(*):7*5*71*7.5&7&?.43.

24??.*7:49*



57;CCCCC&9&9.+




(43974114(43;*7,*3?&
;IVMJMGEVI GLI MP ZEPSVI HM GSRZIVKIR^E VYSXI
TSWXIVMSVMVMIRXVMMRUYIPPMTVIWGVMXXM

57;CCCCC&9'9.+


3SXE 3IPGEWSMPZEPSVIHIPPEGEQTEREXYVEVYSXI
TSWXIVMSVM RSR VMIRXVM RIM ZEPSVM TVIWGVMXXM
VIKMWXVEVPE STIVERHS GSQI HM WIKYMXS
HIWGVMXXS
 8ZMXEVIMPHEHSHIPFYPPSRIHMJMWWEKKMSFVEGGMS
SWGMPPERXIWSWTIRWMSRITSWXIVMSVIEPPEFMIPPIXXEHM
VIKSPE^MSRIGSRZIVKIR^E
 7YSXEVI PE ZMXI GSR GEQQE JMRS EH SXXIRIVI M
ZEPSVMHMGEQTEREXYVETVIWGVMXXM
 8IVVEVIYRRYSZSHEHSHIPFYPPSRIHMJMWWEKKMS
FVEGGMS SWGMPPERXI WSWTIRWMSRI TSWXIVMSVI EPPE
FMIPPIXXEHMVIKSPE^MSRIGSRZIVKIR^EEPPEGSTTME
TVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'.*11*99&
2
7*,41&?
(43;*7,
'7&((.448(

;EPSVI

)) QQ




;EPSVI
HE3Q
1EXS
FVEGGMS
SWGMP
PERXI



57;CCCCC&9&9.+


3SXE 3IPGEWSMPZEPSVIHIPPEGSRZIVKIR^EVYSXI
TSWXIVMSVM RSR VMIRXVM RIM ZEPSVM TVIWGVMXXM
VIKMWXVEVPE STIVERHS GSQI HM WIKYMXS
HIWGVMXXS
 2SRXEVIP EXXVI^^S EIJMWWEVPSGSRPEZMXI F
2\EPFVEGGMSSWGMPPERXI

()

2MWYVE

)IRSQMRE^MSRI

(SHMGI

5MR^I



8IVVEVI P EXXVI^^S EP FVEGGMS HIPPE WSWTIRWMSRI


TIVIPMQMREVIIZIRXYEPMGIHMQIRXM
 &PPIRXEVI PI ZMXM HM JMWWEKKMS HIM WYTTSVXM FEVVE
WXEFMPM^^EXVMGI
 &PPIRXEVIPIZMXMHMJMWWEKKMSHIPWYTTSVXSFVEGGMS
SWGMPPERXI E I HIP WYTTSVXS FMIPPIXXE VIKSPE
^MSRIGSRZIVKIR^E FEPPEWGSGGE
 (SR YRE MHSRIE PIZE WTSWXEVI M WYTTSVXM RIPPI
EWSPIHMJMWWEKKMSJMRSEVMWGSRXEVIMZEPSVMTVI
WGVMXXM WIQMGSRZIVKIR^EQQ





574(*):7*5*71*7.5&7&?.43.
24??.*7:49*

57;CCCCC&9'9.+







8IVVEVIPIZMXMHMJMWWEKKMSHIPWYTTSVXSFVEGGMS
SWGMPPERXI I HIP WYTTSVXS FMIPPIXXE VIKSPE^MSRI
GSRZIVKIR^EEPPEWGSGGEEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

;MXI

8:554794
2
'7&((.4
48(.11&39*
8485*38.43*
5489*7.47*

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

8:554794
'.*11*99&
7*,41&?
(43;*7
,*3?&

2

;EPSVI
HE3Q
1EXS
WGSGGE


;EPSVI
HE3Q
1EXS
WGSGGE


8IVVEVIPIZMXMHMJMWWEKKMSWYTTSVXMFEVVEWXEFMPM^
^EXVMGIEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

'YPPSRI

'&77&89&'. 2
1.??&97.(*
5489

;EPSVI
HE3Q
1EXS
WYTT
FMIPPIXXE
VIKSPE^
GSR
ZIVK


7MQYSZIVIP EXXVI^^STIVMPFPSGGEKKMSHIMFVEGGM
SWGMPPERXMEMVIPEXMZMWYTTSVXM
7MTIXIVI PI WYHHIXXI STIVE^MSRM TIV P EPXVS PEXS
HIPPEWSWTIRWMSRITSWXIVMSVI
;IVMJMGEVI RYSZEQIRXI GLI MP ZEPSVI HM GSRZIV
KIR^EVYSXITSWXIVMSVMVMIRXVMMRUYIPPMTVIWGVMXXM
MRGEWSGSRXVEVMSVMTIXIVIPEWYHHIXXESTIVE^MSRI
HMVIKMWXVE^MSRI

()

574(*):7*5*71*7.5&7&?.43.

24??.*7:49*

(24??.7:49*&39*7.47.



.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

(

2439&39*ERXIVMSVI YRSW\SH\GSQTPIXSHM
QS^^SVYSXE87EVYSXEWXEGGEXE;IVMJMGEEWWIXXS
VYSXIETEVXI

(

2439&39.ERXIVMSVM HYIGSQTPIXMHMQS^^SVYSXE
87EVYSXIWXEGGEXI;IVMJMGEEWWIXXSVYSXIETEVXI

(

(:8(.3*994HIPQS^^SHMYREVYSXEERXIVMSVIW\SH\
8SWX

(

(:8(.3*994HIPQS^^SHMYREVYSXEERXIVMSVI YRS
VMQERIRXI8SWXEWIKYMXS4T(

(

(:8(.3*994HIPQS^^SHMYREVYSXEERXIVMSVIW\SH\
8SWXEQSRXERXIWXEGGEXS

(

(:8(.3*994HIPQS^^SHMYREVYSXEERXIVMSVI VMQE
RIRXIW\SH\8SWXEQSRXERXIWXEGGEXS

(

(455&HIPQS^^SHMYREVYSXEERXIVMSVIW\SH\87

()

;EPMHMX





574(*):7*5*71*7.5&7&?.43.
24??.*7:49*

45*7&?.43.

(2439&39*&39*
7.47* :348=4)=(42
51*94).24??47:49&87
&7:49&89&((&9&;*7.
+.(&&88*9947:49*&5&79*
8XEGGS

 7MQYSZIVIPIHYIGMERJVMREXYVIIWZMXEVIMPHEHS
HIPWIQMEPFIVSEPQSRXERXIERXIVMSVI

57;CCCCC(9'9.+

 8ZMXEVI MP FYPPSRI E I WGSPPIKEVI MP FVEGGMS


SWGMPPERXIMRJIVMSVI FHEPQSRXERXIERXIVMSVI
 8ZMXEVI M FYPPSRM HM JMWWEKKMS EQQSVXM^^EXSVI EP
QSRXERXIERXIVMSVI
 7MQYSZIVI MP QSRXERXI ERXIVMSVI GSQTPIXS HM
QS^^SVYSXE

57;CCCCC(9'9.+

3?>?L?CH,J).8(-.+7*3.&39*
7.47.87@)MWGLMJVIRMERXIVMSVMB
 8ZMXEVIMPHEHS EIWGSPPIKEVIMPXMVERXIWGEXSPE
WIVZSWXIV^S F HEP QSRXERXI ERXIVMSVI GSR
P EXXVI^^S G

G

)IRSQMRE^MSRI

(SHMGI

*WXVEXXSVI



57;CCCCC(9(9.+

7MEXXEGGS


 7MTSVVI RIPPE WYE WIHI MP QSRXERXI ERXIVMSVI
GSQTPIXSHMQS^^SVYSXEIJMWWEVPSGSRMVIPEXMZM
FYPPSRMEPP EQQSVXM^^EXSVIEPPEGSTTMETVIWGVMXXE



()

574(*):7*5*71*7.5&7&?.43.

24??.*7:49*

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

&99&((4
8:5*7.47*
&22479.??
&39 82

2

;EPSVI
HE3Q



 7MTSVVI RIPPE WYE WIHI MP QSRXERXI ERXIVMSVI
GSQTPIXSHMQS^^SVYSXEIJMWWEVPSGSRMVIPEXMZM
FYPPSRMEPP EQQSVXM^^EXSVIEPPEGSTTMETVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

'YPPSRI

&99&((4
8:5*7.47*
&22479.??
&39 82

2

 8IVVEVI EPPE GSTTME TVIWGVMXXE MP HEHS E HIP


QS^^SVYSXEEPWIQMEPFIVSYXMPM^^ERHSP EXXVI^^S
FTIVMPWIVVEKKMSEHERKSPS

1EXS
QSR
XERXI
ERXI
VMSVI


3SXE  6YERHS WM WIVVERS M FYPPSRM HM JMWWEKKMS


HIPP EQQSVXM^^EXSVI EP QSRXERXI QS^^S
WTMRKIVI ZIVWS P EPXS MP QSRXERXI TIV
ERRYPPEVIKPMIZIRXYEPMKMSGLMHIMJMWWEKKM

;EPSVI
HE3Q



8SWXMXYMVIMPHEHSHMJMWWEKKMSHIPQSRXERXI
ERXIVMSVIEPWIQMEPFIVSEHSKRMWQSRXEKKMS

E

F

+MWWEKKMS

(SQTSRIRXI

)EHS

8*2.&1'*7.
&39(42
51*9.).
,.:39.

2

;EPSVI
HE3Q
1EXS
QS^^S
VYSXE
j

)IRSQMRE^MSRI

(SHMGI

,SRMSQIXVS



1EXS
QSR
XERXI
ERXI
VMSVI


3SXE  6YERHS WM WIVVERS M FYPPSRM HM JMWWEKKMS


HIPP EQQSVXM^^EXSVI EP QSRXERXI QS^^S
WTMRKIVI ZIVWS P EPXS MP QSRXERXI TIV
ERRYPPEVIKPMIZIRXYEPMKMSGLMHIMJMWWEKKM
 (SPPIKEVIMPFVEGGMSSWGMPPERXIMRJIVMSVIEPQSR
XERXIERXIVMSVIIJMWWEVPSGSRMPVIPEXMZSFYPPSRI
EPPEGSTTMETVIWGVMXXE

+MWWEKKMS

(SQTSRIRXI

;MXI

'7&((.
48(.11&39.
.3+*7.47.
&39

2

;EPSVI
HE3Q
1EXS
QSR
XERXI
QS^^S
ERXI
VMSVI


57;CCCCC(9&9.+

 *WIKYMVIHYIEGGMEGGEXYVIWYPGSPPEVMRSHIPHEHS
GSQIMRHMGEXSMRJMKYVE

(SPPIKEVI MP XMVERXI WGEXSPE WIVZSWXIV^S EP QSR


XERXIERXIVMSVIIJMWWEVPSGSRMPVIPEXMZSHEHSEPPE
GSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

)EHS

'7&((.
48(.11&39.
.3+*7.47.
&39

2

;EPSVI
HE3Q
1EXS
QSR
XERXI
QS^^S
VYSXE
ERXI
VMSVXI


57;CCCCC(9&9.+

3?>?L?CH,J).8(-.+7*3.&39*
7.47.87@)MWGLMJVIRMERXIVMSVMB

()





574(*):7*5*71*7.5&7&?.43.
24??.*7:49*

(2439&39.&39*
7.47. ):*(4251*9.).
24??47:49&87&7:49*
89&((&9*;*7.+.(&
&88*9947:49*&5&79*


#;L? LC@?LCG?HNI ; IJ    2439&39*


ERXIVMSVI YRS W\ S H\ GSQTPIXS HM QS^^S
VYSXE  87 E VYSXE WXEGGEXE  ;IVMJMGE EWWIXXS
VYSXIETEVXI@2SRXERXIERXIVMSVIYRSGSQTPIXS
HMQS^^SVYSXEB

((:8(.3*994)*1
24??4).:3&7:49&&39*
7.47*8=4)=8489
8XEGGS





3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
3?>?L?CH,J).8(-.+7*3.&39*
7.47.87@)MWGLMJVIRMERXIVMSVMB
3?>?L?CH,J 2439&39*ERXIVMSVI
YRSW\SH\GSQTPIXSHMQS^^SVYSXE87E
VYSXE WXEGGEXE  ;IVMJMGE EWWIXXS VYSXI E TEVXI
@2SRXERXI ERXIVMSVI YRS GSQTPIXS HM QS^^S
VYSXEB
3?>?L? CH ,J    (:8(.3*994 HIP
QS^^SHMYREVYSXEERXIVMSVIW\SH\8SWXE
QSRXERXIWXEGGEXS@(YWGMRIXXSHIPQS^^SHMYRE
VYSXEERXIVMSVIEQSRXERXIWXEGGEXSB

((:8(.3*994)*1
24??4).:3&7:49&&39*
7.47* :347.2&3*39*
8489&8*,:.9445(


#;L?LC@?LCG?HNI;IJ (:8(.3*994
HIPQS^^SHMYREVYSXEERXIVMSVIW\SH\8SWX
@(YWGMRIXXSHIPQS^^SHMYREVYSXEERXIVMSVIB

((:8(.3*994)*1
24??4).:3&7:49&&39*
7.47*8=4)=8489&
2439&39*89&((&94
8XEGGS

 7MQYSZIVIMPQS^^SERXIVMSVI EHEPQSRXERXI
FYXMPM^^ERHSYRETVIWWEMHVEYPMGE G

7MEXXEGGS





3?>?L? CH ,J    (:8(.3*994 HIP


QS^^SHMYREVYSXEERXIVMSVIW\SH\8SWXE
QSRXERXIWXEGGEXS@(YWGMRIXXSHIPQS^^SHMYRE
VYSXEERXIVMSVIEQSRXERXIWXEGGEXSB
3?>?L?CH,J 2439&39*ERXIVMSVI
YRSW\SH\GSQTPIXSHMQS^^SVYSXE87E
VYSXE WXEGGEXE  ;IVMJMGE EWWIXXS VYSXI E TEVXI
@2SRXERXI ERXIVMSVI YRS GSQTPIXS HM QS^^S
VYSXEB
3?>?L?CH,J).8(-.+7*3.&39*
7.47.87@)MWGLMJVIRMERXIVMSVMB
3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB

57;CCCCC(9'9.+

 5SWM^MSREVI MP QS^^S VYSXE ERXIVMSVI MR QSVWE


TVSZZMWXEHMKEREWGIXXITVSXIXXMZI
 &PPSRXEREVI GSR YRS WGEPTIPPS P ERIPPS MRXIVRS
HIPGYWGMRIXXSHEPQS^^SMRQSHSHETIVQIXXIVI
P MRWIVMQIRXSHIMFVEGGMHIPP IWXVEXXSVI
3IPP IWIKYMVIUYIWXESTIVE^MSRITVIWXEVI
EXXIR^MSRIERSRHERRIKKMEVIMPQS^^SVYSXE
ERXIVMSVI



()

574(*):7*5*71*7.5&7&?.43.
24??.*7:49*



57;CCCCC(9'9.+

 7MQYSZIVIP ERIPPSMRXIVRSHIPGYWGMRIXXSQS^^S
ERXIVMSVI EGSRKPMEXXVI^^M F GI H
)IRSQMRE^MSRI

(SHMGI

*WXVEXXSVI



)IRSQMRE^MSRI

(SHMGI

'VEGGM*WXVEXXSVI



)IRSQMRE^MSRI

(SHMGI

9EWWIPPS



57;CCCCC(9(9.+

F

G

H

 8ZMXEVIPEZMXI EIVMQYSZIVIMPVMTEVS FHEP


QSRXERXIERXIVMSVI

57;CCCCC(9&9.+

()

5SWM^MSREVIMPQSRXERXIERXIVMSVIMRQSVWETVSZ
ZMWXEHMKEREWGIXXITVSXIXXMZI
 7MQYSZIVIP ERIPPSIPEWXMGSHMVMXIKRSGYWGMRIXXS
QS^^SVYSXEERXIVMSVI





574(*):7*5*71*7.5&7&?.43.

24??.*7:49*

57;CCCCC(9'9.+

57;CCCCC(9'9.+

 7MQYSZIVI MP GYWGMRIXXS QS^^S VYSXE ERXIVMSVI


EHEP QSRXERXI FYXMPM^^ERHS YRE TVIWWE
MHVEYPMGE G

 8IRSRWMHMWTSRIHMYRETVIWWEMHVEYPMGEQSR
XEVIYRRYSZSGYWGMRIXXSQS^^SVYSXEERXIVMSVI
EWYPQSRXERXIYXMPM^^ERHSKPMEXXVI^^M FI
G

F

G

)IRSQMRE^MSRI

(SHMGI

.RXVSHYXXSVI



)IRSQMRE^MSRI

(SHMGI

.QTYKREXYVE



57;CCCCC(9'9.+

7MEXXEGGS


(SRXVSPPEVIGLIPIWYTIVJMGMMRXIVRIHIPQSR
XERXIERXIVMSVIRSRTVIWIRXMRSXVEGGIHM
KVMTTEKKMIGLIMFVEGGMRSREFFMERSWYFMXS
YVXMIRSRTVIWIRXMRSWIKRMHMVSXXYVI.R
GEWSGSRXVEVMSWSWXMXYMVIMPQSRXERXI
 2SRXEVIYRRYSZSGYWGMRIXXSQS^^SVYSXEERXI
VMSVI E WYP QSRXERXI YXMPM^^ERHS YRE TVIWWE
MHVEYPMGE FIP EXXVI^^S G

G



)IRSQMRE^MSRI

(SHMGI

.RXVSHYXXSVI



57;CCCCC(9'9.+




7MTSVVIRIPPEWYEWIHIP ERIPPSIPEWXMGSHMVMXIKRS
GYWGMRIXXSQS^^SVYSXEERXIVMSVI
7MTSVVIRIPPEWYEWIHIWYPQSRXERXIERXIVMSVIMP
VMTEVSIJMWWEVPSGSRPEVIPEXMZEZMXI

()

574(*):7*5*71*7.5&7&?.43.
24??.*7:49*

 2SRXEVIMPQS^^SVYSXEERXIVMSVI EWYPQSR
XERXI FYXMPM^^ERHSYRETVIWWEMHVEYPMGE G
IYRGMPMRHVS HHMHMEQIXVSEHIKYEXS






3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

57;CCCCC(9&9.+

((:8(.3*994)*1
24??4).:3&7:49&&39*
7.47* 7.2&3*39*8=4)=
8489&2439&39*89&(
(&94


#;L?LC@?LCG?HNI;IJ (:8(.3*994
HIPQS^^SHMYREVYSXEERXIVMSVIW\SH\8SWX
E QSRXERXI WXEGGEXS @(YWGMRIXXS HIP QS^^S HM
YREVYSXEERXIVMSVIB

((455&)*124??4
).:3&7:49&&39*7.47*8=
4)=87
8XEGGS






5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49& YREERXIVMSVI
87@7YSXEERXIVMSVIB
3?>?L?CH,J).8(4+7*3.&39*
7.47* YRSW\SH\87@)MWGSJVIRMERXI
VMSVMB
7MQYSZIVI PE GSTTE HIP QS^^S VYSXE ERXIVMSVI
GSRP EXXVI^^S
)IRSQMRE^MSRI

(SHMGI

*WXVEXXSVI



7MEXXEGGS


7MTSVVIRIPPEWYEWIHIPEGSTTEHIPQS^^SVYSXE
TSWXIVMSVIGSRP EXXVI^^S
)IRSQMRE^MSRI

(SHMGI

'EXXMXSMS



3?>?L?CH,J).8(4+7*3.&39*
7.47* YRSW\SH\87@)MWGSJVIRMERXI
VMSVMB

()



574(*):7*5*71*7.5&7&?.43.

24??.*7:49*



)24??.7:49*5489*7.47.
.RHMGIHIPPISTIVE^MSRM
(SHMGI

4TIVE^MSRI

;EPMHMX

) 24??4HMYREVYSXETSWXIVMSVIW\SH\87EVYSXE
WXEGGEXETIVZIVWMSRMGSR&'8I=
) 24??4HMYREVYSXETSWXIVMSVI VMQERIRXIW\SH\
87EVYSXEWXEGGEXE
) (455&HIPQS^^SHMYREVYSXETSWXIVMSVIW\SH\
87

45*7&?.43.

)24??4).:3&
7:49&5489*7.47*8=4)=
87&7:49&89&((&9&5*7
;*78.43.(43&'8*=
8XEGGS


3?>?L?CH,J).8(4+7*3.5489*
7.47. YRSW\SH\87@)MWGSJVIRMTSWXI
VMSVMB
 3?>?L?CH,J!(455&HIPQS^^SHM
YREVYSXETSWXIVMSVIW\SH\87@(STTEHIP
QS^^SHMYREVYSXETSWXIVMSVIB
 8ZMXEVIMPHEHS EIVMQYSZIVIMPQS^^SVYSXE
TSWXIVMSVI FGSQTPIXSHMHMWXER^MEPM G

3?>?L?CH,J!(455&HIPQS^^SHM
YREVYSXETSWXIVMSVIW\SH\87@(STTEHIP
QS^^SHMYREVYSXETSWXIVMSVIB
3?>?L?CH,J).8(4+7*3.5489*
7.47. YRSW\SH\87@)MWGSJVIRMTSWXI
VMSVMB

)24??4).:3&
7:49&5489*7.47* 7.2&
3*39*8=4)=87&
7:49&89&((&9&


#;L?LC@?LCG?HNI;IJ!24??4HMYRE
VYSXETSWXIVMSVIW\SH\87EVYSXEWXEGGEXE
TIV ZIVWMSRM GSR &'8 I = @2S^^S HM YRE
VYSXETSWXIVMSVIB

)(455&)*124??4
).:3&7:49&5489*7.47*
8=4)=87
8XEGGS



5SWM^MSREVIPEZIXXYVEWYPTSRXIIPIZEXSVI
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
 3?>?L?CH,J).8(4+7*3.5489*
7.47. YRSW\SH\87@)MWGSJVIRMTSWXI
VMSVMB
 7MQYSZIVIPEGSTTEHIPQS^^SVYSXETSWXIVMSVI
EGSRP EXXVI^^S F

57;CCCCC)9&9.+

F

7MEXXEGGS




)IRSQMRE^MSRI

(SHMGI

*WXVEXXSVI



7MTSVVIRIPPEWYEWIHIMPQS^^SVYSXETSWXIVMSVI
GSQTPIXSHMHMWXER^MEPMIJMWWEVPSGSRMPVIPEXMZS
HEHSEPPEGSTTMETVIWGVMXXE
+MWWEKKMS

(SQTSRIRXI

)EHS

24??.5489

2

;EPSVI
HE3Q



()

574(*):7*5*71*7.5&7&?.43.
24??.*7:49*



57;CCCCC)9&9.+

7MEXXEGGS






7MTSVVIRIPPEWYEWIHIPEGSTTEHIPQS^^SVYSXE
TSWXIVMSVIGSRP EXXVI^^S
)IRSQMRE^MSRI

(SHMGI

'EXXMXSMS



3?>?L?CH,J).8(4+7*3.5489*
7.47. YRSW\SH\87@)MWGSJVIRMTSWXI
VMSVMB
3?>?L?CH,J7:49& YRETSWXI
VMSVI87@7YSXETSWXIVMSVIB
7MQYSZIVIPEZIXXYVEHEPTSRXIIPIZEXSVI

()