Manusmriti

!"#

$#%#&('*)68+-79:,/9.1;=03< 2)14#5
_u _EdI[?FDIK`HACbX> S T?@c IV_ DZT v ` k^:> T?@eI[?@Iw> kT Î ?FIu _> ?FT IKIAC>FbX^?Kc DFp DIv_[kAH?ZEUAHE eTcI D"` I[k?ZB
AH>FeI[? IXu DZAAH~DF? ?c ?Zc voA `> T u > I[T D@II
>@?ACBDFEGAH>@IKJMLOW NPRQ ;ST EUIV?
Lg> T Î J
c N
?Qrkv S 6Bg{_w>Q c $X^BT DtAC>AHBg> T JI#> Y:T ?@IIKAHe >c I[BiEdJI[e` > I[T B
?@>@^ DS IVY BOT >FI[c ? >@`D#>@e ^:Yc BI[>S T >@I[I1? ]gbXACc?F> >@T D
bXD@]ic ^> Tj:6 IQ A$XAC_D=^T EdIklEdÎKYEd_Ed?F>F^ IKIKb ACJf>DKe moDZACnc Y:BgQ#I[J D\prq` AHAHI]Bgc ]YJ ?FB `8ÔT` AJA8_ hcT h c I8Bc JBY#I12 J ^:S ACBEdB NI Sa` b `V>FbX^:^?@T DJ
^ TIKc_b ]EsAHAC]g?@D*I8ItD@J I8>FTAC^ >@c eI8S J D ` k>h?@T I[^:I?FeN(k?Z]gAHe êcb B I[I[S?X?>@k^HIS k"E LiAH EdÊ*J
S LgN? IS c D uBT~lY:kAC?D DAC` e > D@T ]{c BI ? cY
Bc vyeYD]g]iACI[> ?F? T>c Dcc D_T EdACI[u L{Db EUÎ^C?@kÊsJB> v I:T ` QI[D@> 6IT {I/QDFI[]g;"hIVI[S ?B >~
]u kl?F^ IKS _ ?Xc D@I[_ TEdNc IACkwv=BgJ _[ACc DFB>@I[J D S uI1h^:AC?F?ZBgJ
I[A?=v=>ACT BgI#JRDZ^CA:ka_?@> I8T JI Esc AB
b >@I[D?Fe^Hk\IKIKJ A:c AH_ T>@IX^C^:kaB> I[T DKI Q cD D S T _VAH_LI[IKEdIyJ c kB?@Y^:eu I[Ed> I[T eI IVc BOe>v]iA:I[?_[c D ST cAC?@LI[EdDXI>Q/T Itn 9 Q S AC) E c e>N^B{^Hk\Y> > T T I#I[e]?FIKIK_A:IK_JOT ~
x> T QyI#p 0? c ^:>F?#I[D > ` T AH^ BgSaJy`*>.zT IX' j
^:B?ZJ^ b` ACEdIKEdJ|^BYIXIf^CjOkaB{> ^ T b I#I[DFDF>#^ S > E T ` Iu >Z] A S S ?@Y ]iT ^>Z?Fv > c` Bu c> Q TIc QrDv c> BT Y/IVe^B{Î _[` _ ACS Bg] Jc IVD bX` T I[ACh>FI[I[B hIVD@?^]eEsA:AC_B
I Nu c BS AH> E Tc > Ic IVD@D IKc > S cIVD1Bg_J
IKIKvR_EsAHIKA?@IK_ JT >F^C^ k
bXc D T S ^:B{EUI"jOB{^^?ZJb c AHBiLACEdBgI_I=AHBg^CJ ki> S T B|I k,AC>I[T E}ks^~Ie ACc D@L>@EdIVIBOQd>pui, Q h%A8NOI AHìebXL T T
^S DFIv `V]ibX^ Tb c _ I[T ? ]gD@I[^:h:D@I[DF?ZI[AHD@E1D8QBgACn e6 I[Q D ` ;AS _w> > c ^c BBD > ` T ACIBiLiJI[Y_^c BBiB J c c B> cY ^BT DI>@AC^(D@D ACc YEdE BIKu _J?FIK> ACT >FIIKc J ?
cYD/?FIKeAC>I8ACDDACS Y:?@I[I[D Ed` I[DFJ D S ` EdNLiI Tc B^:YB^ > S T
?FS IKDJAH> D@T j:IVIKe J` L
AHN-BgJ(> T ACI BD Tb c Y IVT?@IK~Je ` c Bgp 'J|cIKDJ ~ Lg% I I c `B{> YT DZIv ` ' I[^:h?ZIVJ B` ACAEd_VDF_^^?_J?@I8c BAC>@Y/I8J>@^> T > TII _wEGbAHD@^:D=?ZJ
^Ck*Dt> ^HT k#I> YT ÎJ
D ÌKbXJA{T Q/ÂCn?Fn{I Q
>@S IVBBa]idI[p ?7 _IQ c $XhIKTJ c D ` u J|S I[B D@c > hc I[> ?FS D@>@IKIvI^C kc D@J >FcIKD@J > c cBiB1_>> cT hII D TeACAH]i?@I=j
^CD `kgq1S BgAC?@AHj
>@>BA IVc D@B
D ~ ` I[D SBgL{J
>^ c b EdIIK_J EsACbXDFDac > ^CT kiE> c T kII ` , ACABgJ J T N
bXACT D ^` D@AHIyBgJBgAH> T> S I=?FI[I >FI[c Dt?@BgAAH_E> DZc Â:Ba_? *c} ACBi_wIJQ> n T x I Q
bACu , L{I[hEU?@IyA8I NO`L
ACN/c eB(?@L I8J
TOACI[SD@I[^:]`gB T{c D@cBEdeI[Y I[D@`]aI[S E}Qk[Bv j
{cBBgQ ^ J b $Xc DZACT_wLI[I[Ed?@BI B `*c > LbXT EdTI/I `^J Edu Edc LN h S c cB>evtI ee, I[IVAC?FEkj D@~IKc IBJ Y ` c D@ACu>FDAHI[EUB
Esc >>v k;J ^S S EsItJ1>akl]iIV?@>@I[Î[?e?FkBgÂC?F eE*?@IAC`CI8BibXJ_cIA Bg` ^HJ _VkÀCACEd> EdTBgIKIJJD> TAc_I=j ? Dc`VS _B ACIYTQtS InCD J
i` ?FQACI Bgb$XJ c kle, ÂH?@I> eT AHACBg> B JT Ì=>kl>^T T ?oI?F> I[J T Ic I ~~
>]iT{IKc ACD ?F` IKJ> T bXI c Y> T?FIKACc ?F>?@I[I[D Edc I[D@e> c LI[B
EdI >@Du _AC?@BgIKAHJ> c > hT I8I/v1?@]gI[^ DFb > ` I[? J ` c DZJ _c IVDF?@]gB I[cEdLE c EdBI Y` >AHT ]
I ~ h? c c hD IVc ^?@BD ` D>^HT k\I/> c ê_IIKÀH>BT D I` E> S T BgI/AC?=ee^ S AHB
B>ZD A c ^c BB{D D` AC]BgEsJRA c >BT D I1` ]ACBgEsAHJ BI[S >@B{D I[` h> TI[B I
^BgJ?FAHAHYO?@E AH`"j
BBbXI[T DFu AHDK^3QEU^:_B^:IKQBOv >`X% A c bXI BTDbX^ AHT EU^/c E#D_[_wD AH?@S IKBAHL>@>LgIKc IEdJ(I ]i`XLiI[c I ?ZBgc _wJBI cY:c DhD_IKI[JAC?@BBiLOcJ L{N EUc I D> ` T c I AHBgBg_c ^B
J(Bi>FI[I[_?@I>FBgI[c h:AH?~~ E YACJ
?FBI[^ DY:cS I[?FBg?IK`JfJ>Q>@T^tc nD _[7 ACbXQEdE:T > ^)T EdI[IS DFD@IX_>F?@I[LgI8? I ACc >c > B{N c ^:Y` BD DF]gc BOT IV>FIIK^#_ E TaIc j ` Ic D@]bX>FEdI[c IKD@BgAHI_D I:S]{Q?F?@I^n` J {S QJ
_I[2 I8D Jc ^:?@` ?@I I[` AC^CD h:AHBgI[T ? JI `
u
]bXACL{?Fc ^|>EUIT J ` S AD _T>IT ^Li^BSIIRcY BkT ^Y>o?FD1>_T^C?@IKk=AH^He>@k IKACTJyB
c Dt>NT ^ jI b c b BgB J|AHD#>@I[bXkl?F?@cD Ed^` Ese v[AHQBgT{J1c Q]D1Es^%Ab _wI IKB/` J J
LiT{IV^c D DJ
c ? D@N c I[BìI8Y J ?@>@cDFB^ > c>J
BT I[Ife^?]gI[J
?A I[c c >??@`D >@AHû Bg^HJJkc ^D@T >]Ic ]iB^_[Y ADScS c >@D DFI[T IKDJ v A` _w> D >T S c I^_ BT _D ?@AH`
IKD#AHT >It]gS A DF?FI[cI[B/]gDyACAH>@?BgÂCJ>FLgIK]IJEdIKAeAHDIVI8S ? _c?F>@>IIKQtklJ ?@^nL
e{N Q
>IKT I[S eAHEQo>@^/Q > $XT TIACD > S uBaDFI[IKc JBv=> LiT IKAC_[> AHeu I[YI1Y
A1v YT ^:I EGJ|TI[c BeI[D@YI[YE}k `
b c BACD1L? Lic EdÊ c?@AHB3Bg_AHN D I[;eS >IVBObX>FDZc >v T bX> TT c It_ Te T c A8B h:S I#>@IXLi]iI[I[I[B? c D eT ACI[LB
Ed> Itc ^:]gBAHIK?@J > ` c _w> EUT{IVc D#D ^CbXkoT > ^:T EUI I u b hI ^?Fu EGIVJ{E~v
b>; T ?ZACI/A >@TIV^C?@e*D/D@AC]ACB ?F? Ìc B> YT_[AHI^CEdEU]{k I8?@J(4 ^Y:AHBgI[?ZACB A{?c #A >@Ta^:AC?1` D^Cu > kkXT ^:I[>?ZTNvI > b T bXIVI T?@I ^b EdTAHI >@c DbI[?F^:DM?@?FEsAHD@J*>?@Q I ?@`6KI[D9c Bic Q J|J
I[$XI[BgIKT _J II ` c>AD#T _>AHklc?Z>\ÂCAHBeEU^:> IKTBJ II c c' B> ^:T J ?ZACJS DoIACDF> ^]g?Z^: J|BO?@I[DF>?K>ACQBAHIV]n:^ ]gS ^Q DFc EUBO;Ny>FS IKA>fJJ
^:>@I8^ ]A>@_ bXIKT J T u ACc j By>Fc I[BgIKhJRA:IV_ ?^CT ka_D ^LiS S I _[?@c _BD@I[IYIKDJO^Cv ~ k `
uu A8N
ACBgA:v ìST Iy>`XT bXIVBgT_c I Tc Dc BgACc eIKc J 4 AHc?ZA8N
AC` BgA{Q 66 Q ` 0 ?@^:e> T AHT > cu B Y_?FIKAC> c ^Bac Qn` {Q +c T S AC>FI[hIV? T IT ACD@D c YBIKJ >F^ÌKA_ T AC>1> T I
?@c DXI8AC?@kD@EgAH>eAHvBgIKJ_[J A S c BBD@I?F>IKTACcE D `Cb b _AC^Do?FEG]J D?Fû JS BgSBgJ _J|DIKI[_Jy?#I[?@>> BTT ACIL{>oEUAHIe]]iACI[I[Ed>@I EdIVEGuAH?@ Bg> c SAHÊ? BS D^HAHT kwBgAv Jv ; `:Lg?ZbX^:A T >T ^ ~ û A?=k?Fk>@D@IVI[>?@? v^b _w_ AH?@c ?Z>IKNJ
AH`D> vh ^c D@B ?@]i> S^BB
It^8>Z^ AH?B^ I[D ^c D@B S B` D@I[Ed>@DFN? D#S >@^:> ^ T ? c >8^QAH?X?@x:keAC9 EdEdQ D@I[I DF) T D@BÔDtIVÂCD@J >D ` > > YT T I[IAHB
>_>@TEd_I[ACE B{S BI[B{Y:D@YID
ebXT AH^:BaEUQI6N:n{IKACQ ? $X` T> T IIVBJ c h T c I BIyTc êB{ID@I[E}?@kI[D L
c NJ|IKTJ c Dtc B > T > ^ T S AHY >tT I[> YY/u ACEdJ ^S B{? IKc BvtYJ c A ~ ^CJ kac D@> > T c BiI1_D@> IKc hAHID@êB{DXAC?FIKjOAD_ T` IVD@hIKI[AHBD@^:D@B^^H_k ^:c ?@>@]iD=^^ ?Fb IKACBEXA:Li_[I _c ^:B?ZYJD ACu DF?FDI[S D SeeI[DI c c>FB D
hT cIfJ
kIK^J ?Fec > IKc B
J >@^1T IK> A8b h^ IVBT ACAHEdBghI[JD8IKAH6K?@x > Q T) ` BgLiJyI[> ^b S I[>\I[B^Hk> > T T I[êDFIX> > T b I^ e T AHc JEdhJ
I[EdID kBÎ ?b > T L IXc ?@D> ACT j:DZIXv^C> kgT I> Tc ? IXu ]AC?@]{^:]gD@^]icI[B
? >Fc >IKNyJv#^Ck*_w^> TS I?FD@b It^^H?@k"EsJ
A:D _>T c I#^:Ba_VAQ S x{DF6 IKQ Jy;"> TS I>
D@AC] LiT Î[J
?@II ` ^C> k#T > IT II c Y b T AH>#>@]iI[?F^ DKc Q B
>@D#6 g^HQ k> 0 T ?@I ^:e T ^:T{? cdc e^:BD@I[` E}kACBgu JAH>@e> T AHIyBgI[A >@T I[v?FBgT ACI E ]; ?@?Â _T IVeIKJACBgkA?@^:` e > T IT{cDyD eT AC^ >FS ? c> NOTA à` T> c T DI1AH?@eA c DDFNOÀ T` c DAHBg> JTc >Y T T I D ` ,
ACS BgJ
J ?AtT>Fc ^ D
E>ACc c Edj^:DFI ^BbXJ
^Hc ?@D@kIID@b kIV?@E^:kk~ê_?F^:> >BT T DZI=>_ T c e ^ IS c e BgD@B{Jc I[BgI[D@J Y:D `8^ ubXc AHD@TBge cJ _ `[TbXc DZcTvDc Ed_Li^T ^?ZJ|>]iT EU^N*D@?@ DFI8I[6KACD@7 E*DFQ I[ACD=Bg2 J> T^:S?@I"I[Bk ^C?@S h:I8BgI[AC_Z? E ~ `` ke I[cI[AH?Z>8EUAHQIYgxACQ n{Bix:QJx Qq T ;c AHh S EckX>J klc j
I[B{BeY ^ AHTb EUc I:De ^ bXI b `c B/>. T Lge> ^T ^J
AHDFN >> ` T >u kTÎ[EdI eN' ACAH^:EdeIK?ZvJ^:BT LgY#II8>_[]T AC?FI#e^>J I bXS T c__ACIKIE}J ~k
>> TT II>YT ?FIK?FI[ACI/>y^ B{S IACÈ c >> cT I[ID ` D@AC^ BgS J E ` ÀCc BBgJ> T AHI EUcE ?tu ^:]{?Z?@J
Î[J ? S ` _> >FT DZvI A hIKI_w>@^:IK?@JY
ACL
BN D Lge^:AH?@EUB I ` ` >@ ^tc Li?ACIXY > òT TI#c _we?@IKD@AHIV>@Ek#^?"]{^C?@^k*J > TS c_D I8JbX`=T T^:EdA8I h cu B{b Y^:?@]iEsJI[?v kl`H^bX?@eT ÎKeJ3>A T S AHD>~
bXe Tc B c _ S T >FI]iI[]g?AH_?@I > c ch_wIEUIV> DT IXI[h:^:I[LB3IK^H_k>FD> T ^C^k*DFD@II[B{D DZc AC> òc ^bXBaTQ c _ 6 T Q ]i;"^D@S DF> I[` D@D^ ceB cIKB{A8Y ~ >@]gI[IV? ?c k> ^:c I[?@DKeQ I8x Jtgh:Q I[$X?@NT IVJ B c} W[` _ SJ|I[EU>D c A ? Sc BD@Y>FI[>F? ^c > c ]{I[?@D ^` J ACSBg_J Iyu _> ?@T IKIVAH?@>@I[IKL
JMNvLg_VI ACc BEdEdY:IKD J `
DLiS I ?@c BI[EdYI[D8DFQD]i6 ^ Qb IV; ? IK`*_[bXA Sc > D@T I]g> TAH?@^> DFc I_EdDI[cDf ^Cu k j Tc Bgc eJ|DD@I[^HE}kwk vìT e Ic B _?@S I8>FACIt>@I8]gJ3AC?FAC> cEd~ E c2 BO>FAC^X? c Ij cc `{D@)>@IV>@Bg? _cI=ì) >@I[B{BtY Y:c ?Z?@AHIKDAH` >o DZACS Y:EsACI[DDF>` NOEdÂ ?` J
DaS ^HEskgA _T ?@A IKAH` >@IKJf?ACLi> SI c ` B YD?ZAH`jxI7 ~ Q
6
>ZD@IVAHhD I[` B=AC^D> cT D I[T ? > T 2 A AH`B ;S T DX? c]gY ^:SaD@`DFI[ACD@BgD cJ B{Y4 YAH?@?ZI8A:ACJ>XALQ ? x c EdE c Q ACBg$X_wT N I[` NY:^_J
?@I8D#ACAC>@BgI8JJ
_x Es{ACQ DFD@ I[ACDj
^HD TkAHYD û J
> DT IXACDFBgI[J(?@hY:AH?@BOIK>FAHD>^CkaDAC YS IVDLiI[^H?ZktA ` e> T IKIAHD J|S I[?FeI[Ed^:I[D@BDD]i_[AC^ Edb EdIKI[J? v `
u
YD@#BiÂHACJ
j
jDD Iwv T ~`:AHJ
) DZI AC]c > DoDc ACI[ACD?BgACJ_VD@ACIVEdD EdcIKDZu J>AHTv jIAC4 D JAC` AHYOPfBgAHACD_I[BgAC?FJ BiDXT J ^CACk*?@, h> AHTAH?@DI]gAHY^D ^?o` J
ue DZ> v T S `
I#D ) c L _ D cc S AH?ZJO?ZBAH~D*J
D ^CÌ kgcu > >> c TT I[IID
_[x AH{EUQ EdIK'J{c v Y T ,
>@S B ]gc BAC?FY:BgD ÀCD> T
ACS BgBiJ J
I[> ?@T LiIÊdDF>FI[DhIVAH?ZBgACJE#__wEdEG^ AHS D@DFJ|I[D D`c^Cek#]g> T I[?IkIKe_> ACB{u ?@I[^HD ~ `
T?ZAHc >ZEA:Bv1^ cACDFBgI[JD ` ]g_ÎVe?kIKI[_w>@>tD ` ?ZACA Bgc B
J LiT ^ IKb A8D h` I[kB{ACEUEdN1E c EB{c YYT e>@DoI[^H>FkgI[ê?FD AH` BODN1S j ]gc IVBg?@J
BgD AH`> xS ~
u
j?@^% c Bgb ^J
Df?FD D@`^CI~l_[kXkAHA>@>@I[_w>FI[IKEU>IJTa` vtJ|` I[ I[c9 ?BQ ` BgeAH, ?ZeIVACB D AC` ` EdAHE\eBgAHJ1^BgB{J_[jACI[Es?FACN
B ?@Dc Y:h`:I^ ?FDb ^ T SÎ[D?FD e`LgLI8DtACc ?ZACD@J|>FBiDDJ/bX^HLikc >I[eTI[>F>ACEUbIVB
D N^ `
eACBi^:J> T > D T ` IE c DF_I[I h`"IVg?ZACc I[ED j ` c LBiSJ
YDD ^H` k ACc EdeEXeD@> c ^8BhY ACc L{BEYIyAC> TBgc JBY:L DKc Q> c B{ Y 6 Q c B$XDFIKT
_S >@DD
beAC^CD#hAH> TLcEdDI ` bX]{?@T ^^J EdI S _u I8_J?@IKL
AH>Nc ^> BiT v^`DFI Lg^:T>c YT T >~Te I c Bgc eJ|IKeJ1^C^hB{A8I[LDEdI1L
NtACBgeJI8AC> TBID
^Cc Bk\YyA S>@^ D@>FuI[> ? T c > Itc IV?FD#I[DACS BgEdJ>FD#AC^C>k[ev cN>FD#_Âe_> ec ^:BAHBgDKQoJ
` unIKQ A;"_ T S > LiIbXc BT YOAHv=>@I[Ah:_[I[_w?Â:?ZJO_>~
cLiDI[EdDF^ >ZbtAH>@` IK>J T AHu >F> ^W#LibXI[cEdEdÊ\B{>FYO? v1S Ed>FN^ J|u IKIK_AEs_ ACT ?FI^C>@k[^v1>NT ^ ^:SaD@` I/AC_D ?FbIKACI[> EdSE?@ACI[D1D > T T I[I ?Fc I?
^Li?IKJ
ACI[DF?>@D c B/bXc?@> IVT D@]i> IKb _^>y?F>@^^b L D#c ?F^C> kT >FQ1I[I[>x TQ ` < #ACAH>FjO>@EdD I T ` ACJ
DACI[I[D ?` ` _[c AHDAC?@BjcAHhD ^:` ?@AC^ BgS J D
eL c ?ZIVJ|BMD AH` ?@D@IyBgAHLgj^:I[?@D B` _k?F?@^^:_e^J > c T EUIVI D `:b ^D eT I[LaD Q=` >Fî?FQ >@^ 0 c ?@DF^:I[eD ` ACI[D YY:b DI[EdAHEg?@AHIyDLgD ^:c e?@B ~
ceEsAC^ ?c D@>F> I[S ?@?@?FII[D@D@>F]? c? ACc BEyYACBgD@>Jc B{AY c BS Y3AH> cAC_ BiJ(u AHBL cc e> c BAHY EUDv[c BQD@IK _w7 >@DQ ` 0E c ?@_^:I e `=gTc I[^D > `
L]S?F^|Y:J D S` _ACIKBgJJLOACN EdET ÎK> AHT >KI[Q? Ou {_Q?@IKAH) > EdS E?F]I[DZEsAHvRBO^C>FDk1` > ]T ?@AH^:>]gjACcY
BgACJ >FIKbXJ TL
c N/_ T D@I[AHI8?@J I
^bX?XTL
c _ NTa`D@E Lic ]IKDAC`? c YB{?@Y^ b ekAC?@B
^:N e D^ T b ^
I[^?@>@D#D8AHgBgAHJyBB kS? SACcE*>@]D ` EsAH]gBOI[>F? D c D uT AH?@AItk>@> I[T ?X^> DFT IKIv
?bXc ]ic > I[T B ^ c SB>Y1 ^C^ kib > T I[?@I Dc ?AHk?@? I#Sc_[>KAH:EdOEUI8JtQ hu AH$XBgT AC^:DFD@]gIXAC>@> ?Fc I[u I[EdD^v ?ZJ|bXD\T^Hc k_ T > T LiI=IKkAC^:??@kI[? DFS>Zcv[>
Lh
?S c >fj
D > T T A{^:QD@I ObX{Q T{c ;"_ T S >tLi>IKT ACI?yhLiAC^? > c T^ S D1^ ]b EsI[AC?@B
D>@D AHBgbXJc > kT ? Sec >ACACB
?FNID@_[>ZAHAHEUEdEdjOIKD J `
YY?F?ÂCbXDFD@cI[BD Y1` >k?FT Îe_wE ^:c eBI1L c ^B?=YyD@I[]h:EsACI[B
?ZAH>FEaD?@AC^
Bi^:J/>@D > ` T > IT It_w?@J I[cI[]iIVI[?@?FI[DB
>#DF]j ? c c BgBJ
Y/D=AC^CEdkE
kD ?FS ^?@e?@^ S DFBgI[IKJ
JI8J3^?L
Nk?@^:e eS EdD@> E c ckl]^D8?@eQ
q1QAH?@$Xj
BT I[I[DFD@D I ` u> ]T EsIAHBO?@>FI[DZD v S EdbX>T{^Cc k#_ T > T AHI ?@c I?
AB_wI[>@DFDDuACc BgB J k^:Iw?@|e]iI[I[? ?tc IVIBg _c ID@>FI[]BgEdIK_ACI[DD Sv ` ?@I/]iÂHDFBgD@J I[DF]gD A c c B
Ba>@Q I[?F7:Bg9ACQE#_w$X^TBID_ cu ^ hS AHD?~~
c_ ^ T S ACDB{vY c_wB^Y3BgJ _ c c > ?Zc _w^:EUBID ^Cc ktB3L > c T?@> c DT DAHE AHb BgA8J(N
DJ
IK>FACI[?@> ?T c DLEd>FIM^ AHbXBgJ3Tc __wT ^B_DF?@>ZI8ACACB
>@>FI8EUJN
Li; I ?Zc A BT YeDACAHB ?@I` ACD BgS JLwIK>@^_> Ì[BgACJ ?@IbXDFc >Z> ACT >FIKu J(> T >FAC^>Lg^HI[kwYvyc B> T I[bXD@cI > T u Su > DFT >ACe>I[^HB
kwv~
>c D c ^:c BBgIK_J^:ec e]?FeI T^ChCI[B{ACLD c EdLIoEd_I ?@`CIKT AHA:> SJ1?F> I[T
DZS vVQDo]7?F6 ^Q J +S _T IKIVJfB > TT I I bXS B T c ^h:D@I[IX?@DF]iI#^ ACb BgI[J ?
e^B{IVIXB ]gÌ[T ? Ic ^|J Jyc DZL
AHNy]]ieIKIKACAH?FBIKJDo^Cc kaB > T{T cIXe^D@> I[T E}kI[`?KQ?FI[7 ]inIKQ AC+>FIKJ
T EdI[N/BD > S T ]AC]>=?@JIVD@c hD c c BBY I
^ B{SIc EdEUb N ÀHj> TI[DIV`B> T > TI[BI > S T{B c cD hb I[?F^:D@?@IEsJyD c D@B{> jOc ?FDfDK >@^/bXT DFEUI[IVB I[]aT Q IXD@7E x S Q e;LiI[S ?@> DobX>F?ZT ACI[B|B ~
T> S I?@?@I I[]ic D^DFAI[_D > cc ^:BB _[` ACEdJ
ezI[D cD@DFEd>yI[I[k] ?@^:` e> T I#> T_^:I ?@c ?]iÂ?F_wIK> ACc Ê*BLiDI c ACBBiYJ3D bXe T c ^:BgD@J I#BiLgA8Iw~~
n
cD_BbêI[> I[T I[>FACD EU>Nc BYDFEI[?FS IK?F>KeACQ>LgD@7IV^ ?@iS D Q È ` kl+?@> I[T IT IVBI[kB?@^:T e> I T bXIVACNEdT Eg^ AC_[?FAHc ID#?@It> AHT ACLItBiD@^:JD@?@^ Li^S _[IKEo_J3S^Ck]iAHEUACACEX>EdEac AC^:>fLiBaI ^Q c BgB7Y:_7 I D Q
+AEUT ^:I[BBY> > Tc ec D I u D@S ^ B S c >FEGvIKJ T ACbXDc > I[T B
>@> IVT ?@IIKJ^?@J{Y
ACAC?@Bj
D BIVu ^CD@Dk#`DFI[c >BD?FACI[> ec ^:A Bgc vB` D1L kS^:?>
k]gu ?Z^:IVAHB?ekEd^:N|I?@v Qeàc7D>t{BIVQ ^BO+> >FI[c ?@T>@D DI[B ck B
S ` >@BgLi^_I > ch:c B^:I[YYBI[DK_w> EUAC^:c L>> EdT I> I8T J Î[?BbXACEdc IK>B TA8c eh:e I[AHD1cEaB > DFTS I[I>FIKItJ _`"]g^:AC?@c >f]i?F> ^> c ?FT_IKEdI[I[ACB D E
?@>@ACIKI[DF?FAHD BgSEACek>F?ZI[AHI[EdDeN`=v IS Q b B AH7c >FjIKcQ J B$XYu bXT
ACSBic >D JT T DF>IE ST ` eI > T Lg I IVB{? cI/c eBLgY ]i^`:I[J
c? BgcND _vT I[` ACDFDZLA AHEdBOItu >FB^:EdI NBb I ?Fv` I[hL
_wcN ^h ?@c}u]i AC^CIVE}D~~
ACACBg> c J^:BgJ
v[I[Q DF>@7 ?@^CN
Q D;"> TS c> D T bXI T T^:EUA8Ih c eBY^Ch_AH^:LeEdI]iÂCBgD@I8J J3c e> T eI[DF^CI hCACW BLDFEd>I c > u S _>@?FI[ID~
>>u ^HTT kIIVe> ? T S v"IEd>@I ^D` A>F2 _^/?FIKACeJ? c jIEscA ACb AHEdBg^:v `BJIT> c T ceBIfDF^>I[T E}> kTII[>ZLgA?#SI[DY Y ACc T YB>tIVB DKc> Q BT Yg7I[eoQB{` I;A:T _[> _? ^cW Y ?SauJ >`{c A BT S Y/I[Y ?FT>FI ^ > `
bXEdIKcACEU?FE=Bk IKS JfEdEU>NT I ?@IKbX_ c T >F^:IEdI >F^3c B N:c ^>FDoS I[B
> T > cI[?@D@I[I >NfW B{k?FD@^> ec > S e>@I[I:D8Q\1 k9^:?Q $X> T T AHIV>BDZ> TACY:AHI>
Y]?FEdIKIKACACDF>IKDZJ ACY:c BI ;"T{T c D ? c TY SI8AC` ?@Lg> I ` c B{>@^/Y#>ACT
EdES Do> T AIJJ|DZAH?@I[YDFI[D@D IK` Jyp 'L
cN DF>@2 I[BACUB pSa ` DF6 ]gQ ^:,
jc I `
^> T > TI"I[?Z? A_wTIc Y ^HT kg~> e Tcc DBgJ
2 IKACJ B ` Sah:I[` ?@> NyT I]gJ
^ bIVDZI[_?I[k BiS JE AC2 B
>AHB ^HS kgD > `:T bXI T , ^tI[E}ksLi~I[IEd ^c BD@>FY1I[B
>F^ >
u
Lgh, ACI h>c B{AA8YN
` DAC1` eAH:L jOnT
D Q T
S Sv u `D) TAC?FBgA IKJ` v ]gbX, ^:hT D@AC^D@?@IV^:TD@Dj A8c chBD I1YT ADFYI[`"h?F)#IKI[AC?S >AC>FEd>ZEdE NAHS e D@]>@?@c?FòÎ `J $ S ACAC_BgeIKJJ/AHDZ> _A T ?F` IKI/ACD@>FA^:IKcJB ~
^C>@IKk?@_wDF >@>IKc JACheAC>D@^ThBAHc D Y>KQ1bXbX T T x ^^Q Ede I$XeTc D I[^CDF, hIhACA8D@LI[N
Edh:I/ACI[eBACLBghT
J IVS ?@hc N/eA `Y:e]EU^:^C?@? ^hc AH^J LSS EdD_wI IK2 J3u _ACAH?@B I8BgS ACJ/D> c` ]{^:> Bg?@T ^Cv I ~ `
IK>@I[AIV_ BT B J c Se? cI[B{D TY3AH>D T u I> bX]ic I[B? j
c Ê c J BYuDAC^CEdEdk^>F> >@T IKIyJI[N:>@^ I ` T{ACc ?FeIv[^:QBIyHgjACQ D T &o> Tc Y AT v ~ `
>ACTDtc ?Fe>NACB
jN ACD uT e > T SAHT
DXS ^?@>BACItDZvjAHÊsBA I` > JTA8c ?@N>NAHBgjJAHEGAHB Dc Y ^:T B>KI1Q/e 7ST
Q S $X?@>T A I` AHD BgS BJ
BJACBgcc hY JTc J|> > I[T Du I/LgJI JcA8B{A8N
YN Dc klAHB
^Bg>@?yIVJBgIJ
B I[IKc Y?@J>T vc >@^:DkBa^` ?1QLg> ^:T > {ITQ ?FT
I[) ]gS e^:eD@ACI^:B(B
^Ck> ACT Bg_?FJ(c IKDACJ >FA c IKh JJc BA8LiIN3I` c AHB> BgT Y:JI D
kIA^?FBI[>@?@c B Y> cc T Y^>yTB >F`^CDKk#> Q T > I1$XT ILT ?Iec Y JACT AHB{> ?@I[j u D k`^:u k?@L ^:>FS B?@>F>c BY >Tc TY >ZTIvo>Z> Jv T c cIh D1c c ?XD > c BT ÎcB Y c ?T c D>oJklA8A^N_[?=_wk^D@^:Ed?ZI[?tJ I[c ]aAB{_Q=Y> c h:>F{Î Q
)c D uNAHIKDXAH?k^:c EdDEU^ Ab DJv[A8m=N > T ACIBgJ T AHAE}kB N:c YIKTAC?1>1J^CkS ? > c T B{IY YbX^TJ
c D8_ aT > T> T I Ic ?D J S c Bh c ]{D c ?@^^CB ~
Yc >?FI[Y:D@ÔDFIVI[DXDtD@>@^ ^S >> TT
Ib AHB{?Z^J
?@D> T/> T bXI1c EdB Eac YLiT I>8>Q T IJA8N ` > T AC>tJ S ? c B{Y bXTc _ T
:;":S :T ::Cb :T c u c c T S
?ZI[AH?ZAH> cEÂCBYQ ^CIVkD Ayu ^C> B kc >Y IKT T AHI >X?1ACb BBg^^J?@EsJA> ` JNIyA8S NLY
? ^CAkIwv#k ; A:_[?J
_A I[^:T DZ?Ze_wJ ? c ACB]BY> AC^:>@Bg^BJ> ^HT^CkwkI vc > ?1> T Î1I?ZD@J|J I[I[h:?K~~ Q
>T {^ Q S $XDZAHT BgI[J N3NJ
I8I8AC_?@EsD AC?@u I^CkX> T > TAH>tI> YT ÎJ
D#v[?oc >>ZTA/IAH>YbXI c Eu c _wY ^T B>D c]DF?@>@I8Dy_^CIKJk[vc BkY ^ S c ?>
cbX_B^c Y B{> T D c c >#D@> >F^CT Dk=I c^H> ?ykT >IyACbXDtDZc AHE ec eY ACT I1B
>FNBD1S ]T
e?@S IKLgBg_wIVJ
IK?KJ?FQ1IKc BJ
YD 9 ` Q ACACBgW BiB/JJ > k>T^:T IEdEUI^ ^:bX>> bXTc BIVc EY ?c Y` > T> T T >?@IIVkI^:> EUT ACEd^ ^Yb SIVD~~
DZ$XAHT BgI[J
DFDIAC> Bgb J I[EdT
hIS Bi> TJ
^?@IKS J|DZDACBiACJ?FI#u NJ IKc e AH?@c DZB v c DbXT TI8c J#_ T L
Ny> TO^S BD I T u A8c Byh:IIKLgAIV_ TI[B#vVQ S DF6 > Q
eI[B
> c ^:BIKJACD#> T It>F^>ZAHEa^Hk\kl^ S ? u TOS eACBivXACYIVD ` AH?@I_VACEdEdIKJ
^^B{B{II#> ACT Y:^ IS D^HACktBg> JT I/AHYY:I[^D=J

^CDKkaQ> T I#nY:Q ^|J|;D S u >ej
ACBj^ IVb DZvo^:> T BAHI#>J>A8T NyI/^CkD S ; e?ZA T ^C~k
eu ^:AHBBEdN ` `8AHbXBgT Jy^
> voT j
AHB> ^ T{b c D"> BT c ACY >"T >> T T I AHT D^:> EdT NI#JDA8ACNte^HIXk Ed; I[B{?ZA YT > TeQAH B x `8Q c Bi$XJ
T I[^:IKJD@I `
I[YBg^J|J
DDv#AkAH>@BgI[J/? u > > T T ACI#> _T^ceD#]B Edc I[Y > T c ^>ByEsAC^CD@k[>FvDÂHBDIXEd>^:T B^ Y S ` Du ACACBg?FJI?FAHIKYACI[EdD EdNu v=^Ckae> TI[B I
u
>AACT Bi_VIX J S I[` ABgAc JykB
>@>@IV^CIK?k*J A> TbbXACAHc >> j T Jc B{A8Y >NT ` AHI#_Bg?@EdI8JyI[ACB>@B Y:IVc >DXY T T e > ^Cc kwT Bgv"I J JbX`8A8bXTN
T^Dc AHb_ TBgAHJyDc DBACLgDFc YEU^:IVT > I[T>@] D8`?FQ\IKA HACb gE*AHQ ACj)BgI[J >D
S_?FBIK?FACIK>FACI E` Q(]i I[7?klQ ^?@2ecDtBg>J T `"I c eb ]g^?@IVj EUEdIK^CJk#L
_N?FIKACu >; c ^:?AB3T L
eN ACBaep DZ^vfJ J
c kI[N D c c B?FYI/c >@>^ ~
D@> IVT EIk ` > S T AHIVEBgc >_NI1^HI[>k\T > I[T ? I1c DEGAH]>@?F>F^|I[?KJ QS :_IKJ*Q
;"> ST >=I[Nk?@J
^:IKe_EsAHI[>?@TIXI[> ? T ` ACe>DF^^ J S c kBgN J c Bc YD
c]i>@I[DF?I[k E}Sk ` eD@]I[D8? c B> YT DXAC>> T c I1D ] T S I[?@EsIJ ` >@]i^/^ b ]iI[^?DFk D@S I[EDFDbXc> BgT J I` > ST AHI1E ch>I N/T{c^H_wk#EUI1>@^ ^HS k_ ACT EdEQ
EccD{ACQB
J
>IK4 _E EsIwc AHY |?@T >IK> Jk`?@bX^:>@e ^Tc _ ]gbXT^:c BgD@c EUD@JE IVS D@ee D^c > BgJT ACcI k>FN I[ cDBS ACYACBgE ccJ>@>DFN3J I[E}c ^CkD@`k]i]I[_Ed?@^:DÊd^_J{I[S ACI8?8?@J
j
#DtBIV> {D@T QDKIt{)L> T ? BgcAHE}J >~
kD@?FIV^D@eD c BYE c Y > T T > It` eS ÂHEJ c c>kNN c^HBk\Y >ZAHc >@D@D@>FIVI E` k `k?Fû c e D]b ?@AH^>@J I[S ?X_wI8IKACJ?@v > Tb bXAC>FTI[c? _ ` T]iT ÂHDD~
>T {IQ $XS TACEIc >LiNXI^Ckk^:?@D@Ie~eI[EdEI[[B
D > S c ^:_ TyBIKc J D*> ACT Y:I=I_?@^CIKkXAH>> Tc ÎB Yc ^B1J
> D T ` Iu Li^:I[?ZYvc >B{b B I[c BEdhYgI Q
>^T B{^ I S ` Du AC_Bg^J BDFu> ^Cc > kXS > >@T I[DI c ?1bXNT I8ACAC>?@v Dv c D` LiT I I[c ?@BIYBge ACeS EdIK> cJ ]E > c T IKJIL
]iN/I[? cD@Î[Jh:I[B
^Hk>N:A ~
2AC> cAH^B BS D1uAC2 BgJ ACB
J
hI[ACDFB
>@?>S AC?Z_A:> c v[^QB{D 9 u ^HQ k$X> T T I I b 2 ^?FACEsB
J h` ACACB
?F>IKACv?ZAHB DS ` e> LgT IVI?@Ed_wI[?@D@ID8~
D@AC]iY
Â ?Fc Ba> c Q#BY `6 Q ACD W Bc > > T b II[?FI ? `#c >; A?ZAAHTYIeq ACB(T AH?F?@I[e]gI8A ACc>@DDk>^ TS c ?D~lkAC^
Y
Â>@I8c BJ/ACACBgBgJJ
I[eB
IV> Bc ?FI L
` N AHS BgBJ ? c u Y D@T ^ >@I[c D^ v S D@$ B{? I[S D@>D8T Q"Bn{^Q ?W B/J
^
> I[T DIAC^:B
> NT IVYO? A u c >BT ?FA:I[_[I_? ACS YI/IVDZ>@v ^ `
L
D S N1_[?@_IKI[AHDFD@D ^c hBI[Ed^HNk ^Hu SkBK^: BS I=DF>Zk^
v^YO> A ` c B{ACBgD Jyu AH> YOT AH?@e^ S AY v T ` q u >T T AHIX?@e]{?@A I[hc DAHEUJ
IVI[Bg]_? I#c h:^HIKkwJ v
>J T c e Ik>c B ` c kD ACT EdD@IKIJT L
ÔN^J ^` B{ACItBikJy^ Sk??@A > ST Jyu c> BT I#IKA:e_ T I[?v[c Qt> u YOx A Q c Bu 2 I8JyI[BLONAHe?@IKvI[Bgkv?FI[c ID
kT
?FS ^BgeJ
?FJIKJc D@IKN:AHIKD@ACI ?F` D Ac B_[_w> ^T eI]{E c ? D c T >AtAHACEdY:E#I > ` T L I Sc ?> Ac Bc e> T D I` AC$ Bg?@IVJ>ZAyE c hACIBgJ kl^ u S c B ?
IKÂ:B{_ IT ^CS k[AHvt?@>@> IVT ?KIQD CS i_[Q _wI[$XIKTJ cIBYE c kItu AC^HYkIVDZevy^:> ?@T >ZIAHc Ed?D ` E cekI I[B
c D> c ÊdI[B{DFIKD@I[J B{c IKBJ(> L
T NI
]iI[IK?@J{BgA AH` > >S T ?IACEsJ
v1IV]iD c^ ?@b IKJMIV??@I[^HD kS I[Ed>@eD1Li^C^kJ DZc A:IK_J ? c}u D@_ ] c cAH? Eac >@? DZc vf>FI[ACD?@IRAHBgkJ? S{> c T>FDtI ]u D?FS ^C~~
]i> T Î?@> ACc ^YBI:IKQJ( AH7 eQ ^. B{BYIeDFI[I[>B^HA:k_[J _S^?> cJ I[c D BYu c Dt>@^ ]?@u IV> DZT _I ? c Li_ T IKJAC?ZvfA:kl_^>@?1IV?e^HI[kwB v
cqB/h>ACT ]gIAH?ZA ?` c AH>BgAJ ACY:u AHI YO` A J c cBi*v\I[AH?@IVBBO^>1> T ^:I[B? I[uD D@I[c B/>v > c T ByI > T$ I#?@I[1>AAHE ACc`CBgc J BcA1B/]> ?FT ^CI ~
]i^? ?@c >Z> Afc ^B3ACYACI=D > T u I> T _ ^TD@c I8Ivk uAHh Yc I[?@D> S J
IKIKv _c ?FDIKACJ|DFIKI _EsACc B?FIKEdJyI[B{>@^tY> LiT I Q/u > T I#Q ]iW I[B?k> ^T ?I ~
ec B3AH> BgT _I/Itq#^Hkwhv1AHA]gS ACD@?>@A IV? u c > > T c I[ID ò]icI[B?kl>^T ?@eI $ACBg?@IV_w>ZIA ^Cuk[J vyc h DZA:c B_IK? c}v j
_IVBD ^ `Xb c EdB3IKJ
> Y:T I I `
S?Z1AHB AC>@c EI h:c I[u E ?@J c DFLgS I IV> ?Zc % I[ACD#EI c `>AHNBg> T JAHIv"EU^:^|eB_VI^_ Q SD@>f]gAH?@>I[Q cDF^];"BEdI[DXS Bg>>FJ
^cI[B>B
T >^:^?Z^DFJ
IBI[I bX?` T >FAC^/^DFD DF]c ]Y?F?ZBÂH>@I8BI8J3Yf_>DFkI[?@> ]g^:TAe c D~
TT cIXDtACeDFD ^c YS B> I8TaJ1` >@ACIK?@A:e_ TD `c B> YTc AHY BgT J1D ` D@> AHS BgJ
JN c kBI[YIV>Ku Q> T I=Q IK$ J{^ Av ; ` D?ZAA _T ? ec AH_ Bgc BACY D
k^:?a> T I c ?a^ b BtLiI[BI >AHBgJk^:?a^:> T I[?FD ` Y c h c BY#AHBgJtA:_[_I[]> c BY
x
u
>u ^HT> T kIyIAC]iEdeI[IK^J{DZ]v[AEdQoIv `ÀC{>@Bg^Q J1$XLi>FTI[^D@I>FAH^ Lb D@D >T YA AHcc >@kB?>@cDkN
?@` ^:A >@e^T It^HAC>@_>Î[A?1e_ TDeAc B_AC?Y BicTJ
_cIKeI[JyD D@`>@I[^>FE}kO^]{>F?@^#D@^> DF>FS I[IKJ
B
_N >~
DY S c kAH>FE*D ` ]>FEd^tIKAC^CD *S I[?@?=IVDKDZgA _w9? c}Q $X_I[T D I` >F^tA D@c >DFNOS AfJ
N >@^yu > >@T I[I#BgJIK_[J{AHA>@>Fv EU` I >@` ^f>@^y>@?ZLiA:J
I[D@I >F` ^ >Fb ^
EdÎ[BBgEdJNe> T ^:IBEdI[^N ?` J/ACBg]J?FI[DZ>F_w^? c _ LgS I8EUJ> c h>@AC^>@I1> T EsACI Bi,
J*S Q#J
?Z6A Q` >F. ^B{DFII[?@^h:_[I_ S e]gACI[I[> cj
^:EdBN
I[LghIyIVB3] S > ?FT I[I[?D@IAHLgu ^C^h:> IT I[> ?ZT vyI> BiT A8?@hIVIMI[E _Vu AC> D@T >FAHI[BDKQ(LiI[Edn{^ Q b v[2 ACT B I[Bgc _DyID@>>ZT AHI>@IK,JI[E}>Fks^ ~
IT c e c D@>@IVu BO>@^ > Lgu , IKhv A8TNOcAHDteeL T
^ SS v> T T QAHD x J|Q IK_)EsACDy?FIK> J/T I> T ; Iy?] A ST ?@eIVD@AC> BgAu ]gD@AC]{?F>Z?ZvACB{^CY k
kAC?@D ^:eT Iyu ]i; ^?ZD@A DFT I[eD@DFI[AHDtBap> DZT v=Ie"^ IKS J> A Ta`{` T ACI D c T D#I L
b NAH? D#c Y > T T >XI > T ?@ItDF>Ed~^Lg?^:J?@B^Ck` >AHTBgc J D
bXT A8T h ^c EdBIY/_w?@]iIKI[AH?>kc^:^?@BaeQ1IKCJ(iQA S 0 DF^>@I[?? >c >T c I I[D , ` I[]{E}ks?@~ÎJ cS D@_>FI8I[JB
> Tu c , e hA8 NO?FAHD@e>L kl?@T
^S e v `
T_^c DB
h:^ I[b NIKB-JMe>@^^ S > T> TaIt`XYc^B-J
D1^:?ZACJ
BgIVJ?/e> T AHAHB>I[D#> T AHIBgJ^H> T I[AC? c>XB>YT{D/c D e S c B Y cT h>IV?@LgD@II
e]gACc DFY D T >Tc Lge I` ]> ?@T I[?@DFÎ[?@S h:Y IKTJ*QbXT 7^DFQ I+eT ^ AHS >> T _?@>I8T ACI>@I8J3Y:^|LiJ|I DMc B_wY^B
_V> ACc BB S D ACS EdEd?N ~
c__BÎ[YEdB{EdD1I[D SB
>@>teÂCI> ?@T >IyIT DZIyJ
A IKcDZJ/AA_wJ{>F? ^c} Li_cI{ACQ Eo> T h . ^:c ACD@kIBg_wJ|?@bXDIKTAHACc>@_BiIKT JJAC>Li?FT IIIyc BAHeYB DtcAHeB> TI[AHDI>@IK> eJ*T iIt^^HDF^Hk>> IwIVT O?I ~~
>@AC; I[B ?EdcEA ec T YeI[ACB
>@ACI8> BgJ` AHe` D> TAC` B{> ^T jD@Î c BgDFbXI1JTOEUI8cAH_ACBgT ?@JB{D IKS^CJ kL{Duecc D@BI[>B > LOT` N I1> T c B
I IK>@; IVJEUA:?ZE Acv[YT
IVe^CBgka_AH> IBgT
ACI1^HD8k\EdIK>ACT {?FI BQ IKc . B
J ~k `
>]gT IV^:?kD@^:I ?@e bXTc B^ Yf?@> IKT _wIt^Y]{B ?@cI[DFDI _? uc Li> T IKIJBJ IKS _> IVc D@I[DDc v[>iN^CkoACBi> T J3^:D@> IT IbXeT ÂHB]iBÎ[DFD@?yI[DF^CD k
k>L ^Tc ?F?@c eD> T I[jO^C?FB{Dk\^ ` Ab > TEU; I8^?ZJ
DFA YI T I ebX` T>ACT ^BiÂ DFjOIc B{D^ bXAHb BT ^> I[T >F]gI[I ?@IVBg; ?kAH?Z^:E A ?@TceBge_[AH>ACT?@BBgI[QAHe> :cX^^HBQ k^C$X>kaTT > II/T I1h:]gI[DZIV?@A8?N ~~
_Lg?@I8I8_JêEsA I[b D^kBÎ ? bXT I c > T(c Dy; Lg?^:A ?@TBe>@ÂCBau Q(k S E {EsQ v#> )T I; D?AA _T ?FeIKJACBgEsA A bt` ` _ÂHeRBgJ ~
cEdB^?ZY Jyc B
^Hk>@ÂHEUIE* _c ?FD@IK>FACI[Bg>FIK_JI òLic I D1c BLiY^D ?@` B3k^:AH?D1> > T T I1I ]T?@c^:Y >@T IKI[_D@> >fc ^^BB ^CkoIKAC> ?FT > I1Ta>@` ?F> IKT A8I ~
Dc D S ` ?FN> T ^CIky]{> ?@T Î ]iI[Es?FA >b N-Q ^Hk6K9> 9T QI ; +?ZA T T AHe>@I[ACh:BiI[?AI^cB-DF>@DA:_[c_B^ S > BOT >I ^Hb k^> ?@T EsJI
I> cg>@_EdIKI[JEdEdI[>@Bg^_I ACEd^CEk Q Tc68D96 ^:Q ? c Y $Xc B T I $XT ; I ?A ; T ?eA TACBgeAACBgIKAAC>FD/c D `=L cS Bg> J
I[TI8c JD` ^ I[b B
B ~
kAC^
Ede^J D8`Cb ^:IK> TAC?FI[D?1L eS ^> ?@T>ACc DEdDX^ Db S BLD AHc ]D@>1]gAH> ?@T I[?@E ^ ` S LgY I[T DF>@>^ T b IyDXLiL I[S B> I[Th:^c DEdI[^ Bgb _BIc^CB k
>> TT I^:D@; I?Z^CA k*T > eT IAHBgÂ> T Q I[68? 9 un{_[Q ACWDFB>@I[^DvX?J
AI[_[?X_w^>F^?ZJ _c B{EdIKYAC?F>FEU^tN> DFT I[I >@c>F?=EdI ^?TJ
c DI[? J `
S bX> cc I[DFID
D@e2 > cS AC> D@BS >tS>@IV_[DFD AH]?@u ? I^HS k kSB{>EdYtEUT NkIt?FDF^D> eAS _J|?F> IKNT J I > 'T , I[AI[e bE}ks~v[` IQ AH68cBgDF9J>@x I[B
Q T > I) ` _e EdÎKSeACDF?F>]gB^:IKJ JD@S IKEdJy; N ?Z> ATc B{T I[D@D@e>@I ? AHS W BgB
_A>~
T; c ?DA ]T Se] ACc EdBgD A c BbX> T T ÎVe D@> S` LJ Sc I[>D1B> ^:T LgI[^D@I J
NyW BI[DFEd>D@cI > S u D>@TI[D ACEduEgACJ
Bg^ J{cv=>v[kAQ c 6K> T9 gk S Q EdEd) N
kL
S NE D Edc DyB{D > ` T ACI/? c JD c S B{> Y1c I[kD ?@^:u ez]?@I[> TD_^ ? S c LiY IKT J>@D `> Tb I[^?F?I J
c BgD `v `^?Xc DJ
I[B{I8I[J
hDKI[Q ?6K>Z9A 7 c B
Q >F% IKJI
DZ_AHI[DFBg>@_^> ?Fc}DIVACD#BiACJyB
D@NI[h:_I[^BeJ
]gI[ACDB
_I[N Bgu JbXAHTB
c >@_ D T` AHT BgI#J eT A8I#NyACI[Ed^B
B{>@IVI?ZJ
v ÌVD@D@I[I[?Fh:hI[I[B/D ACu B
>F^ ~
]gc D^:D@> DFT I[ID@DLgvtI[>DFT>c D ebXIKACT B^DfEdIt^CIKkAHDF?@IK> _T S Q ? c 68B9 Y {Q b uI[$ E}kÂC?FD@I > `S c J
> Ncv1Bg>_T?@I8c DACD@u IVb D ^S ?FjB
~v
J
I[?FD@>ZAHBgJ c BY `
c >=]?F^|_ S ?@I[DkACeI#ACBgJREd^BYyE c klI `c > u EdIKA:J
DX>@^
v
DLiS I[]I[B?@I[ek S IEdEdNLE DFc >ZD@AHDKQ>@IKJ689 AH{D Q b W BI[EdE> TACcD1D > uT b I^:Y:?@Ôj^v1J > T ACIBgJDZA:Lg_?@A:I8J/J EsS A bACE c >T c AHI[DD
^Cu >Fk û T
LiS IXeklÂCEdBgEd^ vob A:IK_J{> cva^L
B{NDACACBgEdEJy> T > TII k^ c eS ?=e_[ACI[eDF>@I[^D ? c uAHhECAC? ?@S BiEdIAv[^CQ ka6K_9 ^BgQ J $XS _T > I `
?c BS EU>I=T ^CItk*?F_I[^hBgI8J ACS EdIK_J> c >FD\I>F?Z>@AHD#B^:DZ?_IVc BgBJ
>I[T B
If>EsDZA Abt_w?@`8IKbXJT >FI[?Z> A:T J I[c ? > c c ^>oBaLg I=T >ZI[A BgS _wY IT A >
>LibXIc AC_IE b~LgA8^:NO?@D#B_VeAC?@ACIwB k S bXEoT >@^^1]gu k^:^D@EdDFEdÎ[D@b DFvI[DXc >8?@Q I[Y
68AC9 ?{J1Q k)^:? ; T?Zc eA T D@eIVEkAH` BgD A T ^ bXS T EGJ^
^kCJ
S kI[Ed]i>E=TAC?@?@ItI >Fb DACklIK?@?J{^J*A eQ ` L > 6:TS 6KI> 9 Q ?T S I $XEdIXbXT ^HTIk^D_AC^:J YBgS IVJEdDNS _wbXkl>^T ÈdEd^J
^ ^
b DI[AD D=b c B> `{^> T>"bXAC?@c EU>yIKE*AH>^:]T LI> >ZT A DZIc A:Bk_? ?@> SI8T c J I>
EsYA ^
b(^Jc DX_> ^:T
BgS J DXS Y_?F>y^ >@S ^BgJ|LiIKIJ> ^:T BI> eT I1^D@? >S EdIIg_^CI[kEdEd_wI[^B
Bg>J S?F^
_^> >t`{T ^HA8khACIEdE>ZACA j:S I[DB ~
>@DZIVA:? _c ?Z>AHNOeQ I[6:B
6>F6 D Q ` $X> TT II1_^?@?ZI8J ACc >Bic AC^:BgB_^HIVDka> ^HT kI DFS> S B J
c h:IVI[BO?@>FDFD I T` c ]> T ` I1AH?BgS J EdI> T ^Ck\I> ?@T IwI ~
D@? ]iS EUIKI"_>^Ck kgS LgEAHLi> ITT c BA8hY c u^ ^S Bt? ?Fu I[>F> ^ S b ?@BfAH?ZkJ
?@D1^:eP S > T? S IDZ>Fv IK` A> _ T T IyIV?Kep D ^T DF^ >XS ID@gIK_v I[Èd6EdI[6 B
n> Q
cu ^ $X_S IVT DDIvXAHeEGBgA bJAC?@?> ^HcT kwACIvYIweIV~>@? I[AHc ?F>F?@BgI[? cDACAH` EXY> ?IT S IyAHEdIBg?@I[J^CY kX>S T >EsACTI>IycJ
^:k IVBS DZD=B_? I[kc ^?Z]{AH?> Ec > ^DT BAIf_^H? Yc}k?@ I8> _ACT I[>#ID `#Du Ah6_AH68? x?c ~~ Q
$XACBiT J/I> J|T I[IDZ_J ? Sc ]> >c I[c ^DtB^Hk^CkA > , T BgI/AH>ZeACj^|A J|` I[Du > T^CkIu? YOS A EdI[c B Dtc B?FI[YOYOvfAHD?ZSJ L{c BD Y
c D@v>FI[EGABgb _I ~
k> ST{EXc B{ACYBiD J`=6k^6 g?FL Q c J$XJ
T I[IB EskA ^
b ^DtJ ` _^> TBgI_wI[]?@B S c ? BcY _[bAC> ^c e^:BIVB ^C`k#u e> T I[IBEsAHA Bgb J v^C^Ckk
Tu ^HI[kw?Fv"e ?@c I[>@B{D ^` Su > BgT _ I#c B{eYAC> BT B{I I[b?a^:^Hk?@EsY
J A ` c >B T c BI YObXv T ^BiEdACIEJ I[S e>NACBg^C_ k\c ]iAfACj > cc B{^:BYACACBgBgJJ
>ITgItACe ec AHBgBACB> c I[^:?XB^H^Hk"k J|bXIK_ c >@c JBcI[BDFYD@I[EsD A ` b > DT SIc >FEsD A àb 6:D6K7_^:Q Bg$X_I[T ?FItB c? BS Y EdI[DT
S k^D@Lg?XAH> BgT J I
AC_^:BiBgJ _bXI[?Fc B kIc B` YO> vT I#YOACEsA eb L{^HE c k BY1u c B ACTBgI[J? c > >ZT ACI1Bi_?@II[eACBi^ChJACvEiJ ^Cc kh c u D ec ^:I[B B` uB> ^T _ I1S Es^ A S b D
E^Cc k#jIK=v1A > c TD@N
ÂC?FDBD AH`XBg6:J 6 {,
QS J
u ?$XACTD Ì> EGT A Ib ^_? ^c YBic _BI[?@^CB k#c B{> YOT vyI> e T Ic LiIKJI T _[A8AHh D@c >@^ IVS D ? `
>]iT I[ItBgACEsABib _I[Dk^ò?#6:AH6 EdEaQ _[$XACDFT >@I1I[D > T c B?@I[I> ckleÊsI[JD=_^C^ kS J?FD@c DFIt>@?@^HIVk\D@>FDt?ZACACB{BgD@Je > c T Y:It?ZACEs>A c b ^B^CD k `
>>ZTA cIB c?@BI[YOD S v"EdD>S ^H]{k ?@I[u eY:^
I^|L{JE c ^DF?1D#LgACBgA:JJRv1> TAIt_> Iwc ^{BAHD e ` c u Bg> AHT >Ic êByAC^CBkoB{> I[T ?#It^HY:k^
AH^|>J ~
AC_^BiS JB
Lg>@? Ac JI[D ` S^Ck\AHE _[c AH> cD@IV>FDXI[D ^Cku Y
AAC_> > c c v ^` B^HD kg`\k6:AH6e {c Q E c $XI[D T ` ItACBi]Jy? c e> T I[Ih? ACS E*EdEsI[A DXb _DX^B|^C~k
_u AHI[?FEdEOB > c BT YAC>T v IV2 ?@I[AC> Bc _wStDT AHAHBgDJJ
_wIK^_eEsAC]i?FIKACJ B c c I[BtD > u T ^HI[kgD@>@I ?AW J
BIVD@>?@cDX> SAC>@BgIVJfDKQ > T 6IX6 E c Q jI8) vlD~
>k2 ?FT ÂHI[eD@B I Se`*W BcIBD@Q > c ?F> I[S ]>FEdI[ND ` >FIV^heI[B NMD@^S EUIVI8D@AC> ?@c B^:BND I` kAHÊU?FDFe^>I[T?FEdI Nu ]{bX?@T ^ê EdI S EUb Y
AC^>F?@IKjJ v
W@bW bXTc _ T c DkÊdEd^ b I8JL
N/eI[B
6
'
T
Q
K
I
C
A
F
?
B
>
H
A
t
>
Z
D
:
A

_
@
?
8
I
J
s
E
A
EdL
IKN/AC?F> BT IKIJ h uc c?@B> S >^ T S I D `*bXIKT JÂ:vAC?@ACIyBgJI[h:I[AH?tD@DFII[B
I[>@eIKJ]>X>@^ k?F^c B(e > TT IAHc>@? ?FIKT JIKAHAC?@Bg>@J D
c?@BI b^?AHJ ?Zc J
BgD AC>Fc DIBA^:>I8_EsA > cS ^JBACQL{EUn{I Q ` N$ I[^/>XACA:B_>1ID@Î[EdeI[Ed]{N> ckl^?@^Bfek?@^:AezJ
IV> DT c AH?@IR>J
kÎw?~
DJ
c I[?FD I c ?@c I Dtc BD^:Y:> ?@^ u S >F^/BgJ
LgIKIRJRk> ^ T S IBgD@J> v S J
c BN>^CTk*c > D T I#u b ^:IK?@J{EsJAtv[ACmBgkJy^?f> T Î#B ]iu I[> ?T kAC^>?v~
eJ
I[AHD Bgc ?@_I Iyu ^Ck^:kX?#> T?@I Ib A:AH_?Z> J
c ^:Dv BìD c ` Bg]J
?@I[IVIKDZJ _`*? c T LiACIKDJc >@L
D#N/?F>^
T Î> cB/IKJ{> T AIQ _x ^Q Bi_$XI[T]
I~
> c ^:B> T AH>/ACB-A:_>/_[ACBN c IVEGJ> T I[e ` ACBiJ c B-_^:BD@I8 S I[Bg_I
^C> T k Ifu > EGT A ACb >Dv1]_?@ÎVBgDZ_w_I[? ]c L > cc B{^:BY?FDI[AD@_>F? ?ZcA c _B
I[>FDDAHAH?@?@IyI]gACI[EdEa?kDF^>Z?FAHe>@IKIKJJg>@^h:^ Lgb IyDjAHI[Bg]{J >
>YT EdI?F^ A:S _Y > T T >IVT ?@II cu J|LiIKI[AtEd^ > b T v#AC>XAH]> T]iI[IKN AC?FbXDc IVEdEihI[Lg?tI8AC>F?=^kLi? SIc >KJ|Q^gBItQ 4 L
N^:>ARAfeD c AHB
B ~
kD ?@S IVEdI1>yk^C?@k[^:vye> T J|I I[D cc e?@I:]iS kÊdD@? IbX^HT kACJ
>FI[I[hD c IV?@? IQ u e7 AHQ Bgv% J|I ÔIVbXD T `*^c > ]ic DI[?Fu D > c TD@>FItD ?FcIB ~
u
B^J LcI[DZ?>_ À T c ?@AHBI8?@D AY _ cu TB> TI[Y1DI> T > k TSI[D@I/E I EUJ
eIK~]ACI[?F> B
I[T >1DZEd_wI[^C?D@kwcDvyLgI8DFAC>ZJEdAHE>@J I/> S T > ACI/c BgI[DJ
J~I[v D I[cch?FBIVI[BD> T > cITB?ACc>> Y TT Tc D>Ieu eE cACkA8B
IKN v~
T^Ck#A8h> ItT I_^:DBgA__I ?Fc IKh:JIKJ*EGAQ#bt{` Q B{$XIT I >bX> T T IÊd>@I1?ZA:J IKc J> cA ^B3c DXAH> BgT IJ u > T ?@IDF>Zh vc ?@D@>^ S S ^ ?ZS_I D
__ ^S BiDF>@J ^S e_>XD1^H^Ckk > T T ^:ÊUDFNI ebXTI[B ^` j
ACBBi^ J b u > T BgI AHEdu EUNI8vJD@AfIVEk kS ~D?FAC> >T c I[D?kvA`_> ACc Ed^D@Ba^yQ/> T {I Q
+2 ACT B AHSa>@I[` h:> I[T ?AH> EsA T bACDoT LiACI[DI[BRLgI[k S IVBEdEdN^J
?ZIKJ{_A Esc AHB?@IKIKJJ ckBy^:?> T ACIB
NIKu J]iA{I[m*?FD@k^^:Bi?ov> T L
AHN >
u
DZc BD_AC? SAY_[>I c_wB b^c ?ZACD J{c DB{ACv=YMBg^_eAHI EdE\B bXc> Dc T> _ cT c D I[B
> bXT>KcQaI> {T A Q S > ;>T T SI^:>#IV? cNAy>INEUI8^C^CACkXkX?@B{j
> IKBT JÎb e?FEdI[IKAChJ
BI8Y:ACAI EdkIK` >@JIVD T?=>@^ Ik SS EG>@EdJEdD N ``
LgeI AHc B B
>@bXI[TB
>^^:^:B LgIVu NO> T DXIX> T]iI1I[?EsklA ^b ?@e]{AC?@BgI[D_w_I? ^Hc LikwIKv J Tc c DBJ > S T > I1c I[?@D8IVQhIKAHQ EU0I8J^:?o>F>IT AH>@D>
ACACBgBgJJ cA8Bkl>@I[> T?IJ
IKDAAH_> T?FIKJS B>FD ?ZS A:?@J ]ic >ACc D@^DB ACL` EdYOIA c LBE Dc DFDKkACQ e68I 9 Q c B;> S T>fc D LOuN b ,^?F? EGS J{> vc
u
u
>_[?FTACI[IEdhEdIKI[W J BEsAHD@c > >B
c c ^>@> ^SBg>@v IVcS D#DaI[e^CD@k> I8c >ÂCT B B
I>ac BD> AT AC_IB
?F"IKNJIKeJEsAA AHb ` >@AH>@mIVBg?> JtT` D^L
c DFN BgIt_, I> eb k?F?^^c > eezc S >@> D@?ZT >XA:^:J BD@cI1^:> >Xc > ^b LgBiÎ v
>bXT T If^ DZ` A?F_wI[?@EdIKN J c BEsYA b ^:BD T > ^:T BI I1W Bk^:D@?@> >c >T S Q >FI[6:Dt6 Q^Ck#& J h:c I[AC?@EdNIK_w> > bXc _c D _w` I~>@Li?@I8ÂC?F>@B/D ebXAHc > B T `
u
^_^S IKB
>J>FA{L
I[QeN/6 ]> n{T>1Q Iy> $XT h ^Tc ?@DFIt> IS >^ bIKS J^D A ` D@` AC^ > DtST ?ZACIy_wBI[DZDA:AC_> ?@T ^HIKI kJc D@> >@>tT ?IAAHJBgEsAcJ> b c ^:Av B ` D` e_>^TS ?FBIDF>1I[_ ?tLgS ^HID@>Fk^_[> AHeT D@I>D
^CLgk*Ih h c c?FD > c S L^ EdNS Do> TeIXI[kB ^ ` S AC?Bgkl^JyEsJy^:BeIIKp DoAH^BbDB^Hk]J
EdIKI ACD B S c B?@I Y` >> TT I#I[NDAJ
_IK?F_IKEsJAC?FEsI#A b >F^ Q
>>@6KT^/x ^:Q > D@T I $XIbXT YIT ?^yACj
> BACc}?@^ Ib _VACBEdIK> ^cJ
>"^:YBY Ic h^C^CI[k#kXB> > T >FT ^tI Ic ?> DZT A:J
I#_I[?@AD IK_[c J?F I[SDKEscXA D bzc >F> ^/c ^:c Dt>BT ]^C^?@kD@IVI bDZ_I8bX? ACc TLiEd> ^ IKT JD@AHIVkBgI[^:jJ ?
>c DT If> T jOI#B{?F^ I[b hI[EUI8EsAHJ
>Yc It^B ^Hku , > T? S I> cDv[AQ _?F6 IKgJ Q Es;A S b > > bXT TII[D BS ]> b ?FI[^yeDZIA:_A ?@SI8J> T >FÎ? c >>@N D
u , ? S > c v=AC?FS I_^:B gc _> c BT Y ` bXLgc^:> T u AC?@I T I[EsJ>@c ^yLgIb EsA b 687 Ck^:u ?$XLiT
^S > T
>ACACT ?F>XII AC]uB
) ?@N^:YB> B c^ ecdT BgI^:>@_A?IKkAJy>@v*IVL
?XDN1A> _T> ? Itc}I D _S IXB eD@I T A8AHN>FDX^#Lg? LiIc D@IKIVu v^:B ]h` AC> Lic E ^:IJ#Bgk^:ACEs?@A EdI EdNT viQ I ]gI[T ?QACkDX^?F? ec DFI[IKBJDZv ``
^_Es? AC?FbXIKTJI[vB(L
NBI c > IKT J I[c?_D >@S IB3>FBDK^:Q ?6 D@>ZAHQ?@DAHB?@^ Ib h c> D T c LAC>EdIT I> T kAC^> ? u bXc DT ^J
eI~
u >c T I#]iI[c ?kl^?@eACBg_wI#c ^Ck[vou > T I_wT I[?@I[eT ^B c I[D=LiI[Y c BB c c BY bXbXcc > TT > TT I
k?e S >@SBI"EsIVAC^C?ZDXkACE"ACe?F? Itc ]>@?FI LgI[I Yu c ) BgB{AHYB
> >?FNÎKI[B _ D c T >@Pt>I8c J vAC`*?Fc LcDtD#]I[A:?FB
J I[> DZc _AC>F?EdBiIKc LgAJ vaIKJu AH>FBg`^JbXD@I[T> BgS c EdJJ
INBDvXYA> _T ?FIKI[>JD@I kl> W^B
?I ~~
D@_>?@cI8> ACS >@>@I8IVJ D ` LOL NS >>#T BI^Y:^^> J
T D I[`*?1bXeT{cAC_ B T bXE c TIVD#AH>@LiDFÔI[> IVb hI[IV?8I[QB6 > T QIy$X> b T ÂH>#J Esc ACh Bgc BJ I `
?ec hA8IVh?@AHD ?@>Z, A{ACQ ?ZAH6 D@hQ AH> $Xc T ACIBgJ_ S q#DF>@? ^:c De T A:T J
AChBgACJ|> cIK` J> T J|I ^ b u DZB AHYc B/I[D?Fv1I[_[Y ACS EdEGE AH?#; ?D AS T _F~~
__[I[ACDFDFD>@cI[^D B u hu DAHc ?@BgBg_A:IfvX> ACc eBgJI > c eT Itee I[ec ÎK?J c ACu EU?Zv"A:AC_I[eDZv^:B^HYtk>> TT ACI >#u kl_w^ ^ S S ?#B
>@_ ?FTN c `{Ik[c Dv
_[ACEdEdIKJ > T I/_^BgJ S _>y^Ckh c ?@> S ^ S DeI[BaQ 6 Q $XT I]EsA c B^Ck
>,
T S I?AC DFI[S Bg? ACS jD AH` D > ` T I > T u I[_DF^ I S B
u k>@^?@N?Fe^Cvko`"> Tc BgIKJ
v I[2 IKJ AC` >FD@> N
T ACID ` _^ S AHB
B>@j?@ACN(EsAC^HD k` AC> BgT J I
;AC>F?ZI[A EdTNteA8kAC>F?FI[D ? T; c D ?Au ;T e?A A8T heAC?@AC>B Ac Q*_[AHn E9 DZQ AH0 Y?@I[^:D e`
bXA T;c _ ?ZT A ?ZT ACeB{AHjOBgDv A c` eLg^:e?@B IKJ c cB ~
>ACT Y:ACI[DK>XQo_n^ S6 QB
>F$X?@NT ÀHEU> IVu>_AH^ EUS EiBOe>F?@IVNBv ^bXBTcI8_ ACT ?@> u T E c I[EdIKDZvAH?@LgBIV> > b T I[I IVc ?XBD@> IVT hI I[?%XACcE eS AD~~
hACACBi>JAH>@Bg^Jy> >T T I Ib IVc D@Bg>tJ ^HT kN
A cu BgeAC^ DSACBgB
A>ZA cu B> T DvI>@]^tEsA:> T_I IXbXIKACT DFI[>?@^HIyk > T ?ZIyA8?NOc AHh:YOI[A ?
?@>Z, IVA AHYc ?ZBc AC^D DFBghuvVAC QS> c D@n>J nc Q eDZAC;"I[]{B
S]g> >IKc AHû ?@B> DTI8v JIcv D#>F`X?Z_[bXAAC_wT{Ed>ZEdcIKv1_ J T Li2I[u> IbAJ I[>@TI[I[B3N
BiAJ
> J
DZT I[v/^DDFA AHIDu >> kbT AHI^?_eAHI[DB
^ >FS> ?ZT B
ACI ~E
IKu >AHT D@>@IIV?@_B^ S AHB
Bg>@J?@N > T ^CIk=>b T I[I D@>F) I[?@?@B/NOAH^B_DZI8vVACQBDn ` x > Q T $XI TbXAHc >1DFIEGAH_VBgACEdJ E )bX?FT NOIVA8?@hIAC> ?FT >ZAI
kL?FEs>"Âek_F^j3?=> TAH> T BOACI>>FI[]iu EdcÎ[DZ]i?vkI>^T ?FBgeIAC_>AC^S BiS?Z_AHB
I#EU>@Ed^H?@NNyk\?FDZ^CÔA:k*AC_> ?eT c} ID _w` 2 I[^:DKEdB I[Iuj
> j T e T ISAC>FDD@?Z>yA:u Lg_j
>ZACBvX?F^ LgJ b ACc *? c>@I[AH^?@BIVDZLiBOvVI> Q
u
e>@nCIViBgIVQ BO_I> ' c ` ÎVe>tBIKA8> JybXNy_c ?@_^ IVIS D ~cB
LgJ
>@^:I? ?@c BI[AHDBOv[eN
bXIVL B/TS IV>D@?@I[AIIVQ j,
S >@J
^/?A J ` b J I[c EdD@E >@?Fc I[BD@DF> IKT JR^DFkI^?oD AHS LgL^CD h:c ID~~
n :7 Q $X:T
:S D T :ACD:> T:IyC^? c Y c B^Hk> T IDA_?FIKJ/EsA b LgIVI[BD S _Z~
EdT_ IKc ^:BgACEU?F_NB >F?EdNc u >@BIVJ
^ D I[b` D]_v??Fc>I[LiTDZ_wIKI?Jc J Lg>@S I8^> Jyc NI[LO^D1N1S ^C> kXACT Bg>IT JI>IKT_[J{ACItA DF` ^>@eI[? D c YS uc DFBh>gAC> ^C?FT kBgIXA> T_vVI[Qc D?@IVn:S eB Q ^c hB
+I[N1?Fc D@^> ITB
Lic_B3^:^Bg?@> By_TI[ce]D > IVcu ^B E c B`8kI8bXACvtTBgACcJ_BgT ^J> DZT AHA8I[kBg?o>F_I[DZ> ?A:c kl_NtJ
?ZIKAH> ACeT > IXT I[LiB
Q3>F^Dan:J
LiNQIAH]gBg; IVJtN?k] ^:L S ?@S e? ?@c kB
I8N J>u kkl^^?@L{^?*EGe>AHbX> cD c ^c_BgB{Iwv~D
Ju > S T ? Ic B_Y IV?@u I[> eT I ^B
eN^:A8> kT >FI[I[?8?p DZL vc ?@]{> ?@T I[v Y:` Bg>ACT BgI_wN 1` A L
S N(JA> T Iu >@^PtB{AHD S>ZAH?FjIKvAC` ?@eACBgACJB
>2T SI B{2 YOAA S YB{?ZYAHcD@LgDvACBic JDyT > ACT BiIA >uA > c TB
I> ` >NJ
cI[B? cYh:IK^CJkX> kT?@^:IyeDZA:Li_?@ÎK> JT Y ]gc AC?ZJ|?FI[EUIyB
>@^CD k `
?@> IVT eI^ChIKI8J{JA ` k?@LO^:Ne!h^> bXb c D _` Iw~L
LiN^?FL B-S ?@eB
>tI[Ba^:QzLEsACn> c ^:Q BD ; ` NL
N > T u I> T D@I> S ?FIKJ
_ Nc >ZA^C~k
>k^:c ^:EGJyB/D^CAk[_v#?FIKDJA_D?F_IKc JI[Bg>F_II ` >@DL
`NL
^CN*I[> T? c I B{Y u Au _[>@ ^yS> c TD c I1> c Y^^B/J
^HD k` > T c DIKT{vc D> T` ?FACI[BgIJ ~
e? c} AH_wBI[I[D D` v AH` BgL
JN L
u N> T u Iy, ?]A ?FS ^|>_wA?@IKv"AH? > c c>@Î[BD=> ^CT{k[c vXD D@u ^:T
BS D e` ACLOBgNv> LiT ÎJ
Y:N ?@IKc D=AH>1eDZA:AJ
_ZI~
D@>F>R? c kB^Y ? c D1u S _ B S c ^:> `B > TbXIc > PtT v AH>Z; ACj?ZAAHT?@eeACAHB BaQ-u L n:c ?F> QT ~? ; c >FIIKkv^:?@e I S > D@T >XI/LiBiIA8]ihI[I[?E}~~
kAC^:?F?@IteLiI8I Jc BklY^??@IKA_ c >FeIKJ ACìEdIT Itu _ e T{cS EsJD@>=vVtLgI1ACBgklIKJ J bXbXTc >c EdT I/YDZ^:A:Es_J ?@`
I8JT ^kB{Î[?FN e ` S ACEsBgACJ D
LLiSI>F]i>@I[I[?8?Q k^?Fxe9 QIKJ;> S T >I Ed4 I[> ACeu > AT J IMT kIVACNO> A T I[u ?> T ]iII[?? kc ^:>FI?@e^Hk^:Bg?ZvAHe _[A c BS Y/D@I > T >@Î
_E S T_Fc Esj
JNv E` S ^:BiBAC>?\T J{ItA8N>@I[`8B
c B> T AX^:E S ?X_F> j
b NtIVeEkl> ST T
uS J?FA8>ZAN`[A8S klBg>@I[J|?XI[?L ACc ?FB> T A v S ` DF^] ?=c _ ^c ^B/S A D
_Bg^:AHBeD@>FI I[Edu EGJ|AHI[> Bc ^^B>FQIxD@^6 eQ 'I[> I[T{> c B{u >YOT vtI A S ?@D@DF] >tc _ ]gc ^ AHS ?@>1D ` ^CA k[v#A D T; AH?>@A ? T c N
eAACp DBgA{Lip I D
_A ^:,
BSBJ
IK_?>FAIKp DJ u bXIc > ]T ?@I[]iDF^Db D@I[^:? e` I[AC>BiTJc BAyYOv_A ^c D@B
NO>@A{IVep D ]bX> c c > L{T/EUI:b Q IKx ACnEd> Q Tù $XL TS I>
D@c eI8_]ÊdBgN JMc B]gY ACT ?F>XAH]^C] kwvXc BA I[DF; D ` ?ZA ^CT keAAC#BiD AT p D AC>Fu ? Bgc NOACeA{p DIKv"u A D T b AHEUÊ*?LiJIv c u eA ]b Ed^N ?c BJYv
]c B?FY ^`>@I8AC_Bg> cJ ^B ^H`k^CA k,
A S J|?ZAAc p DFD NOuA{ACp DBu IA ]>F?FI[I[?@D@eD c vy^BgIvy]J
?@I[IVBD@D^:c > h:c IBY/^HkDFI[> ?@T h ?c c_h:I~ Q
xx Q $XT ItBgAHeI[DX^Hk b êI[BD T ^ S EGJMLgItI8ACD@N>F^]?F^B^ S Bg_I `
7
BLgÎ> ]cEdeIKAC]D cEdBN/YtACACB

BgN
J> TA c BS YDF] J|c _ ?@c IK^ A:S J:D k ` S I[E Bi` J ]g^:c BD@D@EdIV^D@BDY1AMh^ ]b EsA I[c EdBD ` eACBiIKJACB _c ^B{B
Y ~ `
>Z> TA cI B(4XA c D b T j
^?Z?ACJe^CACkBgLiA I[uB> I8T J I c _ > ?@c ^DF>BQ EdIKA8x h gc QBYW B(^Ck> > T T II kT ^ ^ S S ?@>D@TIKve^Ck^B
> T > TI
Bg^_ T>ACTc ]{EGI[JM?Z?ZACvXDDTACA ^BgS SA D@]EsJu c _ Lgc?@^ DFI>1S DX]ikI[I[_I8?I[kJ ?@ÎVc ?FBeeY ÎKbXB
J Nc ì> Tc?FB/IK? >c S_wT cIKI?@v IK` DJc AHL
Bg> N JT u ^:e> ]T ^> IB
c ^>_ BiTS ACDF>Ed>@EdT^:N Ieu ) AC^CB
B
k[N ~v
>>@TII">FkD AH` e > T c EdIN Q x:S 7 J{Q AC)jAC_[?F_e^:?ZAHJ B c Bu Y1>F^>FB^#D S> T ?@I8Iva>Fe IKAS _ D@T>*c BLiY1I^C]ikiI[>?TklÎ=?@e?@I[h:IKJIKAC` EdkIK^:J ?
>> Tc ?@Î1DFB >#D` ^:AC^?#jBI> IT{^CcDko?T J/D@^ ] S N:c ? EGIKcJ AC> S?8]iQACI[E*x?ek{^Q ?FI[e? W cB> `> > TL
T INItcACI B Edc E*cY > T>c bXAC> T> c c _^N:IB ~IKLgACu ^:?tS ?@]gA8BklAC>@eBiI[A8?1IVNOB _AC^Bic BgBA_wv>I[T ]
^CI ~k
AA;?ZD A T T ACe>F? AHc NOBgA A ` `{L c B S > > T c IBI[> EdT I[Ih:I[>B
b > TIVEklA> kT >@I[> ?tT _AH^:>Bg^C_ktI[]{A > c ^B A c uD@>N
T AACQ >v1x ^C{k Q
cA8u B3$Xk>FT I[DZ?IA:__c ?@B ^:I8cBgJ(> _c ACI[EdIK>]{cAC> ^:?Fc Bg^B v=Bgc Bv ^CY` ku AD > T T ; ^ ACS ?Z>AEGv1JT ^Cek#>ACAHA/jBgIA]DbXTEsA:T AH_^>@I ? cJ
N
c I[BA D c >?FbXTI[TDtI ^ ] ?FbXk^ > c T D T_ c uIVI[NDBiIK_>FAHN^ ?
LgEdÎ8B_Y:^DaeklÎ? ]gu^ D b S I[_[?_wk I[S D@ED c Btc B > TT cI=DZv"D c LS> TD c ` Bu I[AHD@BgD J1c B> T > ACT >ZIXvI ^Hc kY TAX> T A Q c xD@NOA Q bX$XT T Î
B>@u >I[^c?ye>_]gIyÂCBgkDF^_wD I[?y]S > >B
T c > ^:IKc BgEav v > ,` T A8I^Ch k#_wc >@A^? ec #]{u D c EUTB IVcAC> > c>Fc^? AHBc >NOc A^C^kBiS v1> B
T ^C> IcktEoD A> c |T ;>FII[?ZI[_A B
^T >eeT ]AHNEdBgI[I8>A/ACc ?^:J
B/u ^
AI[^CksD ~k
>^CT kI> T > bIIV> BOb >I[N:B
~D@>IKN:_w~lk^^ BgS J ?F` > T ACBgQ JRx {^CQkAt) k>FAI[?1c D@NO> T A ^:S D@B
I > uc Eg]i>I[T? c It^J
_^Dtee]I[EdBI[> c^C^:k[B v
>ACT >oIV> D@T I=IX> ]T ?@?F^:I[I]gI[u ?"_[AH> D@c e>FI[DZI v ` LibXIKT _^ ^:eT A8I=h:I?ZBAH^>>oNOAC?FIKD _u I ^ c hS I8>Jt_[AC> DFT >@DZIv D` AI_g?_ACE eS J
I[IKB
J >
k ?@9 ^:Q e+> T c >I T , A8D S h _c >FT ? c eu c I[B B c > `*c AHc k> c > ^T BgI[vN ACTBgA8JyhJ
IyI[BDF] ^:c >tD@IKLgJyIVI[L
BNt>] T S I ? c) IK?FNOJAHAB_FDK~ Q
^CL
_^kaN/?J J ec cD@B>FAH?@Yt?@I[? >FDFc AH^tD `Y> klIT ^QyI?@e ? S6 AtQEdI _w`' ÊdIVI[B>t>BD@BIw> ^ S c ^:J
; BI[?B
A I >@T c D > e` T I[A:AC?=Bg_[_A> ^T I[??@h:J ^ I[c S B? Y Y` T I[>@h:>^/I[T B I#> T c "BIIK>^Jc ?eA1J
^:I[I[??D
u ^Hk> T I c ?_[AHD@>@IVDZv` `b IKAC? u ACD S ]` ]gIV?J
T ?FI[D@DFI[DZv>` T I/DFj u c BDb ^Ck
LYOAHEsA?@_FejIVAHBOB
>FDZ>@vfI[Edê]iA:I[J
D IDF^H]gk ^:>@T >FI[IKeJ] J|òI[I[ ? A8ACBg^:J ? b I^
~^:Y:EÔQAH>@OD n{QACBg$XJ T I/Ed^ Y c IV??~
J
2EdItS B^CY
k#A1A Y; ?AC?ZDFA D T ` eDFeAHBg^
A^> D T T ACAHEdBgEJ_^:DF^CBkD >8c D@ >1u > ^HT kACA>v=^C^Ckk\AAy>@#? c D ]T EdACI>F?_c^NO?A J ` ^C^Ckk
A^Ck LgT ^ I[b eDF]i>@? I[c BBY > ` T e?FIKA:AJ
J
ItD8Q^Hk x 2Q S W ?@k h2A S BLYO?FI[ADK Y?u AC> TDFD AC>Zu vAHBg^CJkAD@^=kA ^:c ?@D@>N
T A v `
Lg) IyDFeB^:AC>#B
>]AC?Fj^|A _ ` S AC?ZAHBiLJ EdI ; ` ACu Ed> LgT ACIyY
YA c ?u J
EdLI[DZ?@I[vDev `XA8bXNc Li> T IeAA:D cJ
BI1YEd^CIk> T S ?FI[DIA ~ `
k_ ^S EsDFJ>@^j
eB^^C> kt` ^> ?T IbXck>AHT e > c TEdN?@v[I[Q/I^::?gQ h$XI T u Ij
BDZÂ:>F_D? c}A:_[_ c_AH^:EX?ZJ D@c>@B? cYBY>@^^C> ktT AI
;>@^ ?A > T T eIAC? Bgc Y AMT > D `T AHu AHEUE=BgLiJ(I_e^BAD J
c D@I>ZvR^Hk^Ckt_^:> >@T >F?@Î[B I/` > u T D ?@T I8ACAEdJ
E=D Lg` I8>vyT >AHbX>c DF^C>@ktIKJ A
^Ck D Tb AH^
>@^? Edc EdN
I[AB/^C> Tk ?@T IKIVA:eJ
DK]iQRI[B 7 > Q T )?@IKA:; J
?D A ` T u eAHBgACJBgvAR>D TT AHAH>EUE ^Hu kf_[ACA?F?@Nv A ` c DFANO_FA ~
_^D ?T J AHc B>@? Yc N
>@A ^` >^HT kIDZACA>_wA?@IK^J?tEG A btT A` J Ac ?DFA>Z Au ACBg^CJk v1;"Ac EdhARA ^c DF? NOA ` AC^HEsAHk DZ Ac E SA
ê? A:5J
IJ S^HkaeD LgS AC_ ?T AEUQIVBOY> QT AC$XD=T >@I^tD@?F>IKA8A-_ T ^H> kT AI1I[; Bg?ZJRA T ^Cek TAHc BgD AT A D Tc ?KAC:Ed>EXT LgAHI >
^CkA cA DFNOA `D T >@AH^ >@? ?@c IKN
A:A _ `T >Fû > T ?@IIKA:> _ c T]T{^Hck DfTkc^:DZ?@vfI T BI8ÂDFJ*IQ/ u
ACBgQ J{vt' I[> >T ACAH>yEdE^C> ktT AI
D@AC>> A8` hB{I[D=^>LgIE c jD@>FIV?ZEUNA c Y >@T ^> `
>@I[bX?Fc? > c TkN(^ S e>I[A1B LÈdI[bXe c > c T D Ta> `CT T I ACc Bg?J
LgDFAC^?Fej(IX]g>@I[^y?kEUIK^
_^:> j `
STBc DT
_ S T ?F^ >c _wL
I N `T A8?FhIcQ BY O{b Q ^?F% D TA8ch ]c ]iBIKYJy>Z>AHT jIXI[B(D S A/BDFAC>ZBgAJ b A:AH_[Ed_j^:IK?ZJfJ c ?@B^ Y S Bg>@J^
>D TT I^ S Es?FJ1I Li` I[> SY?@AHB Edc eBY D*AT_[c _D^:? ?Zc JY cT B> YXT >FAC^#Bi> JT I>@^ ]b ?FI[ACDZ?_J
? D c Lgc >IK`Jyu ?> ST EdIID@Q> OS J
Q I[B
) >ZB v
cbXB c c > > T c AC>>FTIKJI b ; ^:??ZA JT veEGA:ACJ
BgN ARuD L T T ^ A8S hEsJAH> cLgv[I[:Y At` LiDI[TY AHc B{>@B? c c N
BA Y ` ]u TEsAc Dt_ c ?FBIKY Su > I[T D@I>
bI[Bg^J ?ZJ{u vo^HkEsA> J
T N Iyc kB^?F> eT IS eEsAcv[JQ J
7EdI9 `Q L ' S I[>X> A1Tc e A c D@ NO?@A DF`>1]LgEsAI[Y_ c B{k^
Y ^c J>AC^H>k > TT c ID
e^Ck ^:u > D@T ÎVe? ` I1^^?X> ^HT kI[?ZTvc DXkI[D ec DF>@ACI[EdI? ` bX^T ?X^ ^Ck bXTc Edc E*DXB^ ^b >1BJ ec D@YAC?>FAI[_?@IBiACTE*c eA S B
u LO> `N/^:A ?
?@ IwSk cS ?@DZIKAHJ Esv[u Q k?F^7e6 Q DFI[% hA8I[?h ACc B{EoY]iI[_?@^DFEdÊdIKB_D>Fv IK` JAHBgAHJ DT e A8Sh _c B{T Yk^
AH^|BJ(B^ AHS D Bg_c DIKJ ?@Iwc >~
bX>@^ c b > T AC^ ?SJ
D>oY> T SI1c EdI=IKAC>@DF^ > T` cACDBi>@J I8AT _ A8T h I[c ?B{` YEdI[] > S T{? c}c eIKJ IKACT> c ` e> S DF?@I[BE}kc BL
YNyT{D c c ]D] kA:c B_YI
u
kbc >A:NAC_ `{>@c BIVc k?KYQ T > IT7 nIf> QS IK?@ACBDF%XD1>Kc{Dt>FkÂCee> I8T IACI `
E bc bXk I[c T D@EdEo>8It*]> >@?@S ? ^?@S _B> S D1T ?@k IK>@S ^vyEdB>EdÎ[T DFB{ItD Y`*DF^ cE kcS kIT> T `*Ific kk ]AT?@_^:IVIDD@]iIK> ACI[T >F?ID~
IK_^:AHD@Bg>K_Q I[B
7:>@x ?Q AC>F' IKI[J>XA1e > c bXBgcJ _` I~A8Likl^>@I[?@?B]ieI[AH?klB^?@AHe E b c BA8N
YDAHIKBAH> ACTLc E DS kl> Ôc ^:^BaJ XbXACc Bg> TJ
>@A8ACIVklE b?>@I[A8AH? N
BgT D JI b D@T ]ÂH??FDcD BTIKj
cAC] EU>FIfI[TB > c T` D1EdII[kl>Ô_[Â8T{h J c ezc ` > c ACI[J BgD S J uEdN^HIKk AH_TEd> IKc AHDc > BT D@bXIKI A:c T> JT c v[e^ Q S DF7 >tI[iE}_k Q ^bX'B
c >FI[> I[>TeTb ]c eA8>8~
bX]?T A8I[NB > T T IXAH> D@I[T I[I1D ec > À8EdNI[> ACETb c eA8NOD"?FI^^Lc >_wA I c `B D Tc >K^ Q b 77 AQ ]0 EdIK^
AC^DFJ IK`Jy> kT A:AH_> I `c DXACBgACE}J ~
bIKAHA8>@NOI[DB b c ?@^?F?FI[D hTIVc ?@]I[]iB
IK>@JEdN ` àY c c >thIVJ
DXI[DFD@>@>@?F?F^CI[NOBDfY:> > T T I[ACeBgJLie^> AHT BQ EdN7 hcQ Y^' S I[?K>
TL c S e >
Bc B^:Y>XLiY cI[h> Ib I[>@Î[B ACB
u > NT eIy>ACb B ^bXeT ACIK>AHE}T ~> Itc eEdIKI[A8DZhvVIV
D Ed` I[AC> BiTJc eLiI Bb ÂC>?FIt^Ch^CI[ko?~IKIKACAH>>~
TD@IVc Eek DFu I[A8E}klk >@` I[B? ^T?1c D#Y:^MeI8AHACB
EsN v[bXQ T 7 I[{?@Q I & bXgc _> I[T D@^ D Sc h> IT IKA8AHh > c c BBYY ] c D#S ?]c}?F IIK JS J Tc _c ec AH~E
>@u ^> T TIIKA:AH_[EU> TaS`c D >Fc ^> c ^:kAHBe^HIkwvo` AHDF]Bgc J? c >>FS^ AHu ELeE c D@IVD ? c c> Bi` v AHBgT JIKA8c hDIV^BaJ c c^ >XS ]D=?@ACIVehI[^:B
B>@YD
e7 {IVQ Ba' ^:I[B>ItA ^ ;S Y ?TA T> èk^:AC?XBgA> T ACI[E DFb IA8?@N
IKDtAHD@D ^:c ] BD b ` AC>F^>@IVA8?h^ ^ S c J >c^H>k#_V> ACT ?@IIwk ]gS EdACEd?FNO> Q
^CDZA:k=_> ?@T I8IJT >@ÂCBi1J A u > uc ?F>?TACYOA:AHv]gDZACA> _wc ?@v IK` J ^?X>F^ ^ S ; >=?Z^CA kT eu > TACBAH>Z` v=^:D?#A^_?FS IK>#J^H>@k^> T> T AHI>
Y_[AHÊUJ
E D u ` > T BIXI[h]gIVAC?t?F>Z^ vS AH>>\^C> kT > I#T ?FAC^
>^DZ>oA:^C_k*?@IK> JT IX>F>^T
>S T eILe> TACBIXIV> DKc ?FQ > 7T AQ DZA:$X_T ?@I8I[JN
>@> ^c ?F> ; T ?ZA:A v#T DeA_AH?FB IK`J > T>@^/AH>1ACA >1u> T ?IAC?FY
ÔAC^:]g>tAH> ^Cc k=v ` > Tu > I T ACu E>c vt>F>@ACEdIK>v > T BIY:> I[c ?]D u > u T ^CI k
>u TLiII[> b BI[Y:I[I[B?@D > ` T > I T cI"Bi> J
c ?@I>T ACABgviJyDA> _T ?FI#IKJt> TO>FS^Xe> T L I"` Y> ^T J
ID > ` c ?@AH> BgT JAvo> T DAHA>a_?FLiIKI[JEd^ >@b ^
>bXT c I#]gI eTAHc BD#I[eD8Qa^ S 9 > Q T ' I[AC>BgJTc` e EsACDF >@?@EdDFN >` D >@c ^ ] S b_ T AC>FbXI[?c > >TT b? c _ACI:>@IV
?BI> T >I> _[bXA8ch _c I ~
> c 6 I[QD % u ^CI k=bX> T T I ^Tj
I8BA^ Jb v D=` > u T> T IIDAD@IK_?FAHIK>tJ^CEsk[A vb > T ACIyBgJRD@^ D@S I[EIVjOACDXBiJ/] S > ? T c >I NT D IKT A:ACJ*EdEQ
BACACEBi^:b ?*J1A8k> N
?FS ^Da?F> ]iB T I[cN B?`8kY#bX^:>F?@c ^#e> T > >T > T TIIXI I8?ACu c ]D@>@>o?FI=I[^:^CDZ?aki_w?>@D c^c Lg]> I8] T Jc I=BvYB> c^:bX?@?@> c> T > T TtA Q\`8b :c BACn>@Q A=IV)?\Ed^B{B; I I[?Zc Ed>A N1T T I[]e? EsAACT _wBiÎ A> `
cL
D#N ] b S ?ACc}>F I[IK?yJ?@IKL
A:N _ T{b c ACB{>@Y IV?Tc> DtT AC> >T ?@?@ÔIKAHA:> _ ` T I[AD =TA c Dc D@TN
AI8ACL
?@>N ` b AAH>@I[D ?fT AC>Z>FAC? j:c NOI[B A
cIB
>@>@^ ?FI[T{e c Doc >eN ^ u S ^H> k TaT` c u D1ACBgE c J]{voDZv[A Qt,
S x J
Q ?A#) L
>N bXb c _ACI>F~I[Lg?o^:>@?@^ B S e_ T AHIKBJ bXc Dtc > _[T AHEU> EdTIKJ I
S ]gA8h c > c B bXT IVB Tc Dy? c Y T >AH?@e c D?A c D@IKJ u AHBgJ> T IDA_? c ~
D^_ Tc?1AC^ E> S T DFEs>@IJ

? I[c J
B{??Fv[YI[ D@^:u D bX?` T > ]gTI[AHBID@D@J
TI8?Fc J DZI[vD@SD EdÌBgk]gJ|> AHI[u D@? AHDF?@IKc e> J ` v S?@cI[BgDaDFJ
>@?ZI[DA ? c ^:D@c IKB> J ` > ?Fu T I[AHD@IBg>FJtDX? c ^>Y TBT I=>> D@T D >@TI#? ^c EdBSIYklE>~ `
J
J
I[^ ?b `B T I u DFc >@D?Z_VA ACc Y EdEdT IK>ZJvvk]?F^?ZAHej c >BiT A8Iyh c B> cIKB_Fj*AHQBgHJygBQ c %Xh c c > D#c B Y cbX?ZJ
T EdI[I B ` >c >T IyT ACD@Bj Y:c B D
u
?b bXc}AHT>@_ I[cc _AH? T E\`bX> D@T I[T ?@?FIVI8hBAI[JD> ` T ACI[uD ACN BgT{T Jc D A8v hS TI1]c LiD]iI[I[b I[?tBAHYO>@AHI[J??@AC~ee]iI[ÂCB
> Y:>ZIKTv J Ì` Te ACc DtBiS JD@D@>>1>ZA8AH> TjàI1?@^T^bzc Dt> T cDI[B
A?@>@_FD ^ ~ `
?@DZIKAH_BOc >> A c BuYt_E DZc A:]_] ?@c I8BJyYyk>^:T ?@Ie TS AEsACc ?D8v Qac DX7 ^Q ?u J$XA T c BI#IK_JRI[?FkI[^:e?#^:A B
; N?_[A AHT EdeEUI8JACBgvA cIB ~
>> TT IXID > c b |>FIVI[BOI[>B
N:>~TD@IKN:_wÎKBgAC?J*Xu k?FAH^BgeJ _wk^:^?Bg_AIV]> Ac ^c D@BiN
v[A :` k^:> ?b Af^ #u ND I8T ACAC?@>FD? vyc NOEsA AC`C>@cIVB ?
>LgT I1AH]iBI[?> klT ÂC?@>8eQIKJy{klQ ^?"$XkTI[ceD AHbXEdI[T D Êdu IyAHEdD@D@I[Ô? v c `
I[Dc Bu ^^C?k#J
_I[I[?X?FI[>Fe^^:DACB Bgc I[_DZ> v1c kNe > S T D@I >
LgbX^c > J
T N ^ ` S AH> >tu >> TT II]{?FIK?@_^c ]i>ZAHI[?y> c ^> cBe^HIykwvACBgDZJA:_?@c BIKJ > T >FII]>@D8?F^Q]iI[{?yQ ^$X?ZJ|T I[I? ` B LS S]
>~
>b c AC^:EXe_I[I[B ?FI[u eACBi^:J/B
N >F^/c DLgD@I>ACI8>@ I8S J3ACE=>F^>@^Lg> IT I> T c I/B c > c IKAHJ > cc ^_BiDv A` _D@?I[AC?Feh c IVB{BOY/>f> kT ^:I ?
T
> T S I8D@voLgAH>@IKBgA:J _ T u I[I8? ` S{AHc hBgAHJfEdI[> B
T >tI >@T ^
^ vtS DF> IT T I^:?FEGJyI[D Jc J
S I[> Bic I[_D I u c> B T I#u > DT ACIeTIKvo^ S ACD@DoI> T ^CI k
u JA cEUN:v b :^?FD :Tc ]:^Cko:>CT If:DZ A_w?@IKJ ?@IQ
>DZcAH^BgB_>^Cc}kQ > IV$XT DKIoT
S>EdIKbXD ACc ?FT _B IAC~D1Lgu BLg^:^ ?@IVBb I[B`8vbXJ|>@T^ I[c DZ_ bX_Tt? T c c LgAHBgIK>tJ J c J _[>SAHT >@> IyI[c I[DaDy? A S > Edu T IfBI[I kNb^?v*e >L S T c D@?FI >t> Tac A8B ` kc AH>F> I[Bgc A8?J ~~
b^Ck[AHv ?ZcJ
B D=c > ACc ]AH]> c Ed^NtB > ` T > I[T eI1D@>@I[IKEdA:h_ IVT DKI[Qo?#eQ S % DF> A8h c?FBD@>Y1c ]iBI[D@?>Fk? ^:S ?@_we>#IK> JyT I > T u I] S u ?] c c >@EsI v
cD@B > ?@S Iwu J
~ > b TI[B
Î1>Z?F?vD S TbXEUc IV] T D`^ ^HAHckwBgDvoJAC]iLiI[^C^?@kXDFS ^> >=TBg>@IAH^fE*> Lg]bXI[S c Y E? c ccY B T _[>>#ACT > J
I c I[^:,h:B >^` S > ^CcJ
^:kaN B_^DKu Q^HBgkaJ >S 9 T _Q I> ` ;"^CSIKk*J> > A:T u v AI `
DAT _[AH_wÊdEX?ZJ{?@IKAC_BgI _c I h:I bXcc B> T DF>@?> ST I_> cW ^:BB D@> ` c > A8S kl>F>@I[I[D? uT ^HI kT> T AHIDDZD A:c ]_]i?@I8IKJ J EGbA b AC>@v IV`*? T AHc B D
eT ACA:DJ
LI#?@^> TS IY T ; > ?ZTA cT Dae^:?@ACY
B{ACYOBACD E cS ` Bgu TJ
ACI[?=DJ ] S S IX>#_^:^BgB
vX>@?FAÊ_QaEdIK AH6 BQ J
) ?@>aIVD@> DT ` IAHLiBgIJ ~
YACcE Bb B A8c NOBD=Y1_ACEsACBgD@J]AHLi>^> > T T IX> I[T BgIJkI[^HI[k >Xu A1^Hk EdI[TD@c DFDX^B>FIKAc B_ T > I[T ? IK` vu "ACBgIKJJAv TT IIXee SS D@D@>>
D@u > ^ S c J
B N c B` Y^ >c BT cIyBY]gACT{EdceD D"T kAC^:Bg?#J
>D8T
I> T DAHAC> jIyc D#^C_[kACEd> EdT IKIJ"> T IKIJA; vV?ZQA :T neQ AH+BYOc AH> TE c
_AC?@Bg^:JMD@DF>@IK^ J S _ T T ACBg> TJ|IyD EdT IIk> e u kS ^
DF^>>v _wEGbXAHD@c >] T/u T{> T c DIEdIklI[k>I[>Zu vyT ^HACBik#J> Tv ` I> T>FIKItA?_ cT Y I[T ? > `
uACkLi^
^ ^:S >Zv>X>FbX^c > LgTIVY Tc cBDD@? > c S Y J
T N > c B{u TY AC` Bi> TJItv[Q>FIKAx_ T Q I[?t;AHS E >b >@A8^ N
D T{S c e B b bXIKAHT ? ^c IKJ c D `
eDZA8SN
D@DZ>ivVm DZA8' N*I[m >% AM^ ` D@?@>@I8^:_]c ]g>@IAH YI% I=>ZAHD jT IAHEd]ECEsEUAI8A8_Ih/I^HH gQ u bX' T I[IV> BtT> Tc eI=>@AHI8EAb _ TA8N
I[?D
]I[Bg?@^:J B^H^ kS Bgu A_ItEdI[> DFT D@It^B D@N
cEdBgEsACv1L>EdIT I. eIKJAHA{>X > T u klIf^?ZLgv I[Y S c BBEdB I[cD@BDyY> T ACIBiJD@N
AHEd>XEsAC> LT EdII
S^C. kBeEd I[DFS]D DZ?FAyIKc >=_YIKk?J|ÂCIEdEdDF^ DZu b(v > T bXcIt> c >EdbXI[T DFc D@>Ed^:EiT BgkI A:cv ?#J
bXIt]ic ^ AEdE*cb B
D@A8>@E cD=N
]Q>@Â b 7 > QTA8NIt, I8IKu ACkAC?F>@DFÎ8> eJ` ] ^TS B c ? ec}u Lv I8Es` JAAHJ
BgL
IVJN D
S A8h c >F?ZACD c u L{EGA:J
I[DXT ^Hk" S DAyT Yu? ACD@Dv ` ACBgJDZAHBg`T_> c c IKbJL
NT > T ?@u I[I
D]?@]{^:B]^?@I[S DFBgD _ÎKB{vD\> T^HkIt> DFN
IEUEsL{AH?@LIKEdAHI > . eQ?AC:BgA8Q N
AC?eACYOA:AHv ]gACI > c D u > T ^:It?@>Ed^:?ZN J>F^C^ k
_>T?@I8I=ACD@> ^ S S ?@I[BgDJ
v#D e )yc ÈUj:5fIK` JyAC^BgSJ > 2u AH` D AHBgc > J b u > I[T ?FIKIXvkNO?@^:A eT ? c > > T c DZItv > ;T T
?FI[SIyT`;IKJT
SAHD~
h]gAAHT> cà`, bXhT A ^T QJ b I[{EdQ EdD 2 c B^?@> IVT ^CI hI[T?1c Y klT ?@Î[D@e> T > TIKA8Ih:> I[T B ?@IVuI AH?ZIKACJ{eACI[D D T > ?TACc Y
BgA8v ~ `
eu , c A8EdhjI8c >FJy? c ^ v S`CbX> T{u AHc _D T c > LibI[Y I[c ?FBIKD vXbX> T c > ACT >X> T cI j:~b h:^:I[?Z?@JyDFI >` ADJ A`_?F^:IKBJIX>Fkl^Ô^:, >A8kh ?@c^:>@e ? c
IKJ A:S _ ? T c BQY1Lg^:Q > )T ;> bX?Ac E T c Y eT AC>@DaBg>A T ` ACEdIK>oACDF?FNOBEdIKEsACJ L{c EUByIX>ACT BiIJt> TIKJAC>A `Cu bXhI[T ?F^tD@IK?Fv IK` _ ]c >@?@I[IwD~
_u >IKT J|IyIKJ?@IKLO_ cN >AC> > T c ^:IB#^HN
kwA vT > ? T c > Iyc D ` IKYOJA AHc B{DD_^:> TB
kI I[?Fu DKbXQ1T ^{EdIKQ v) e> I[bX? cc > _IbX~LgT^:c ?@_ BT
e^ S AH>@BD c J
bXI T ^ u > uT J{IA c h EdN|c EdvEsAC?FY:I[IK]gv I8ÀCbX>@D=c EU> E=T LiÎD@IXk>?FTI[IK?@IVJ(I#A8^kB{>FI[IX?> T A^ eS DZÂHB
Bg> JtT > cI[eh:I[I[B D
k; ?F^?ZA eT eY?FACIKBiACA >y` Y > ST cIEd> ` DACT DyAHA/>@? cDFN
BgA AC` j:IACBgkJ?F^>e T Ic >FDA DFc EUDF^ NOS A Y TbXQ/T ^/ 9 BQ I[Y:$XEUI8T _I>
u
u
eAC> eT AHIXBg^B_?@II8Y=_ ^Hh c kg>Zc ?@AC> > >T S c IK^^ voByS ? Do^Cc >FkweI[vD IV> BauT ]QaAH?F> I[DZ6 _Qac? j:c Lg~Bh:IKI[^J?@b DFkI^> ?TAHv*BgAC> >oJtT > I[> T eT IIX`8> >bXT c e?@c EdIVE
I[I LgEdNc I=eL]i]gEsI[IVAC?? ekc ^D IKT ?J ~~
ACu klL{ÊUEdI Ed^ 2b IKA J{T vXA8h
L
NONA >T T ? Ic > c > D T ` ?@]I[?FIIK~lk_^
IK^J
>FI8IKJ(J L
, NA8h > c T >FI? c DFACNO?FEdIEsAC>L{T EUI I. ]g^:e ?@>Z` AHACEBg^CJ k
>T n{IXQ % IKIJA1bXACT Bi^JtJ> TA IXc EUNYOAH?@>@IKI=_ c EU>FI8I[ADJ c > BT Y AC> u >@^ u h:S I[B?@DFc IK^:v B `=bXS cB
> > T c v?FIK; J ?` A J T S e? cACBBaY Q
>eT AH?@I[B I/` eN:IK^CACh:?FID `"AHD=bXkc Ed?@E=I[II[B
AC>@D#I[? A c u? A` kAH>@BgI[?J/J|AHIKD@ACD S> T evtIt> TACBI I[T> c TY I[T ?@IVI8D@AC> Eo; k^:?Z?@A e T ~ Q
u > x T Q ?@IVIK$XvT I/D S e]]^?@BIV^:D@DD@cN
^:EdBEsACD/LEd^CI ktu > . T IevL{?@c IKDAH>> TT I ACT?@I c Y >T T I[ID@> Li; I[D@?> A T u ekÂC?FeB `
^CBk[I[vDFD A Sc DXD@>@LiIVI[? >@c >>FNI[?1` L > ST >=AHBB^:D >c EUTIVc BgB_YtIQ=D S C?@g]iQ ACD@) DFEdI[E*DX? > c T>@I[I DX, ^:A8?Zh Jc A >@c? Bc IK>FJ ? S c > BT k > S T E}I ~
L S IK>J{A j
` BL ^ S b ?@B
> >XT ÂCL{>EGAH> T> c I^B{D@D#N
EdACEGAHBgLJ EdI u ^:u > . T eIV?ZvXv Dc DA_c ? ec} ]g_I[I[?D c ` D T]iAHACLD@D1EdI A ` b ACA8BgN*J
u
u
u
AcCD#c > > c >Fv[I[c Q(DBv > ; 7c e?ZQ A I[T )DXeB(eAH^^HB ?@` I1I[?I ACc BgBJ{Y _Vv1A` _ _> c ^T^ BIS D Dc' D@> ^> T c ?ZBACJ YB ^HA^HkkDZ_A:e?@I8_S?ACc}>>F S>@_wI[?@I?FI[IKD ]gJI[]{?k?Z?Â8AC?FNYOeIVAH?@IK]
D J ~ `
AcBg_VA _S^?J J c Lc BEdIYu>F>@^^> ^T > I1T ?I[S ?FDZEdI[vD D uS ^H?Fk\]g>ACT DFI#D@I[D I8c J>1AA vVT
A S Bgu ]J|?Z?@A8IKN:JI[>?Zcv ebXIVTD c` _ ACTBgc J D
>T {IXQ e$XTI[B
I>ZkAH^ E S u ? ?@I8 _ cAH>ZjACA8> NOc ÂCByY:Bg^CACk*DXDZAAC_wBi?@JIKJR> T >@I^DFIt>@DDZvA:A_? > c}T ^ _wSI[DDZAHbXBgTJyc >_ cT eAHI[?@DKI Q
I[IKBK wS ^ AHc EBcIKBJhL
AHNE S > IT >FIy^? AS EdD I[c D>@u I[^HI[kB
>> TT If]gAH?@IK>J^HA:kv#> ACT ?FIXIDZACA:Ed_E? >@c}^Y:_I1I[> _T Î[B{?1D Bc D@^>>~
ceBYyAHBg^CA"k\?@e IKA:S _ >@T >@I[IVDo?@IK> JT I ]T{?A8c Y NTI[?FI[DKDFQ>aY:^
ACQ EC;"L
SN#> e `{S S Bg>@>@J
IV^ ? Sc BLY=>FIK]J
?ZEdA8N N:` I[A ?@Do; ^?ZB{A EUT N*~
ubXbXT T I[> T IV?Zc v T I]gu IV?k^:?@e^:S > T IV? u c ? c >FI[DZvf^?1BIVu YEdIK_>t> T I[eu `*S T I
;^?F?ZYOA ^tAHT BLieD IACkbX? BiTI[ABgc Qa_ J
T:D ? Q S AC)-B EdEbXbX_w?@cc IKD@EsAHIJ> eAC?FeAHI[BDZ^v BD TYD=^ ACJ
S EdIKEsE JR_S Es? ACD@c >@?FB?IKYc J hD@I#I[>F>FB{^t^D SLg?FAHI8I[EXvXD@>FÂ?ZALc>FB IK? _wT>@IKDc vD `
E c jIA:_ T :AH? c:^>FI[:I[? :Tc D :T C^:?@ DFI[DKQ
Bg^?AHJ
eI[?IK{`J Q `H9W$XQ bXT u c^ EUDFEicdI] Qr?FIVvfÊU]iIV> hT I[I[?@I1BEdN IKAHû ? AH?F` YOBg> ACJT B{v"ID ]DFbX?@j I8c T_B cc `D@_ I[T> EdT NI1k^:IVI[?@B N:eS I[eIVD ?` I[> ?DZT ACACI1>@Y:I I[>@D^:c BBT Y J A8S ShI II `
A>Cc Bi^:JB `> TT ItAHBgBJ
^D#DFItAHBgACJD=> kTI[IVI > ` kAC> BgTaJ` > > T T II ACu B^:S?@Y
D AC` B> T ^CI1k[^vX?FD@YO]iAHI[BIK_ ^CTako` YBgI[ACB{eI[?ZIKAJ ~
ACAD_V_>^T ?IJ c B>@I[YB
>>@T^Q> T I 6c ?tQ ^:0?ZJ
c h:I[I? ` ^C> kT I[> TNI[_[e AHEU` Eo> ^:T ?@I/YOAHI8BACD1?^CACkBiDFJI[B> DFT I I` ?FACI[BgD@J >
h:BIX^ ^Cb ka>> TT I[AHe >t>` T > TI Ic B
AH>FB I[S ?@DBgAHACEBiJy^:?@> Y
T ACIB ?@I[u eDF> AH` Bg^?FACYODvAHBc DfD^C> kaT IA_wI[> Edc I[^h:BaI[QoB
> Tan{`Q
bXTc _ T L
N c >@D S AHE c >NLiI[Ed^BY:Dt>@^/Li^> T u DFI[>@Dv[ bXT I[B> T AH>
T SACDoI[?@LiI8I[J*I[QB D x S QL*J $XS T IK?FJ ^ ` S LgY ^:T > T > T > IT ÂCD@>FIX>ZA:DF_I[T >@D=e^CI[k B
>#h^HI k T T{A8c h:D1I^:Li?@YOI[I[AHBBD _û B
>F^ ~
D@c k I[B{T D IyS AHjE*I[I[]]EdIK>ACT D SI[e ?@IKv=S A1BgJ|eI[AC?B_^:J
e^ S ]L{Ed>@I[Ed>FI[ID@DF_Ed^N B
bX>F?@c ÊdEE `*c BgT _ I S ?bXY c EdS{Eoc Êd>8L{>ZL A S c B >
D> Sc B_VY _SI[D@c DD T uIKc JMBLOY
NA c B> T c BIYI[AHB8EUE ^CT{N
ceDXI[A B
c e>X^CDZk#v[QoJ
CI[iD cQ?@IKqJ I[D ^:c L?@I IKc _DX>FDKB I[h:c >1I[?#^:BIwOEdN ~
YW ka?F^^b BIDeDF>@?@AH^:BBDYT IV^?#S E cEsjJyIÂ L> A ?@c IBu AHkEUI8E{J> v T bX^:D@c I > T u DF_I[EsBACD? S c ACIKEaJIVBKL S ^C>@N
>FeI[?KI[Q=B
>F7DZv Q
^CACkaBg{JQACEd$XE
AC]BT Ed^:ÎK>D@ACTI D IVS u?X?@Î D?FTYOc ÂHDoBS kACDZEsJv?"LgbX?@IVI[TB>Fc ^>@_ I[ST ?=Bi>AC_T ?@ItIfAC> BD@T >@I[> ?FTeÎBACY:ACEdEd>FENM>Z` A >AHc T B{>@I1>eA?@_ I[IVT B
B IK>aS J^HBgk>@_ ^c> ACT >DFI[cI[e^:B
B ~ Q
DD@S> c AHB{EI[]BgEd_IKI AHD u Sk?@?F^:I[eD ` _[I[AHBKwB^CBNO^:e>\DFI[^tB
>@ID*vIKAH_D> S L
ACNEdEdAyNLi_^:IXB?@D@IV>D@AC>@B
?>A c uB] IKS JR?@DL
S{Nc >ACL
^C~k
>@B? ^S ?1IKvXE c Lgj
IVB?Z^ ACb E c Ed>IKN J|` YBI^QX?fDZ{AQ _w?4 c} I c_> I[T D I[` ? Bu ^> ?yT ItACB
D@N> S J
u D@NI[E}^Cks~ k[c vXe> ]iT ÎtDFIKJIKvXJ?FAHID ~ `
D@?@>FI ?Zb A ACc B
?J
> `DZv"B^>@^t?1A1A S eDF>@ACI[B ? c bX> c I[T D ^` DFII[h:T I[IK?1AH]?@> ?@^c D=_ S _?@ÎyB
>Z> AHT e Ic AHBg>@AH>>@A IKc BJ eu L
IVNBO> DFI[u B
^H~k
DACS EdEdAHNE vc >DNS vVLQJ :S IKQ J $XTT c ACD#>#^:e?@Y
ACACBBD e`gbXA8NT ^LiI^B _^T B{I8D ACc J
? c I[B?FYIKJ ACBg>@^ JMT >@Â8ShI_ T{u c ?FB{IY ~
?@YOACIBgAHwBJ^ Dc _D@DFI[IVE DI c ]{c B{BD^Y A?o` b ?@^:I[A8B] N c >ZB{u ACkI[?@DFDK^:> Q=c eBY_Q ^:AHBO;Bg>FJS ?@>^:D@EGbXev ` T I[> I[EdT EBc IVB{?@^Y I[B{L
I#u N AHACB
ueNOe> ^:TACBcBaY#Bp YODZACv vEdE
bXB> cIT Dc IXJ
> T^Î[e ??~
D@> ET c I=]D#^B{A Ib A8u ^N]ikI[?FBg^v\e k^
T^c >ae ^H` kI[A h:I[u bBAHAH>@D#I[?> ~T _[AHI ?@b? c ACIV?K>@IVp DZ? vouDF j ^ c Bb Q DZv689> 9T Q?F^ W Sk YT T I
j> c I[ÎVB ]`KD#T ACIEdEie> A8T NI YOu >FA I[c BtBgv=ACEd^:E ?@TYOc AHDBA DXc eACD D `Vb bXI[Edc Ea> T AH^ DS > >aT ?FI1IKJe S c _ Bgc JBY c BTcD DS LgLwÎKJ
_FN ~
L
eN ^:u?@>B T c BI=YX]>?bXA_c >E cc Y_wIKT vo> ` ^Ce k S ^>@>FY
I[A? Qc B6KY9{>6 T Q I ' , I[A8> h Tc c>@e? c
D@S >ZB
AH> Bgc EJy> JT SIX? D c SBBY>ACT ]
I ~
]g> T I8IAC?@_D ^:` BL D@S >F>I[EduEGEdAHI[> > c ^TB{c eD_[?@ACIKB _ c >FLiI Ic >ZD@vI[Ì[B(D@IKAHJ >@c IKD@J> c `Bic _By>@Ed> N
T Q IX68I[9h:n{I[BQ c B% Y I S bXBOT > c^ E
D@c >@>? ACc Bgv `J
?FD#I[JeS ^C? h:c BI[DY> > T T IItY eSc^:Ed?@>B _c ^BB
Yf>F?Z> bXA_wc >@E cIKY JT >J Se ? Sc B>@Y>@IV> ? Tc BI Y u ]u > ?@T IVIh c ,^ SA8h:DZv~
BD@>Fc ?@Y ^CT N
>KDHL> T S IX> D T c IB bXT I#T ^ _û e?@IKe_ c >Fc I[>@>FD IKcJ1>Zv J ` S D@?IKc AHB>@Y1IKJ > T`
I#c BJ> A8T N
IXQ I[6Kh:9:I[x B Q c B;Y S ` > J
T II ~
bX> c BT Y^cJ|BÔIV> D\T I1B{Î[>h:I[u Bb c ^B?FY D `TDc ]gT vACEdD@Ei>LgACBgI1J Ic gB{_Y E S c BtJ|IK> JT ÌX eS D@^>X?FBE c cjBI#Y A ` B{,
^S ?oJ
D ?c A>~ `
ku ?@J
^:IVeD c ?@AHI[EUDXE{>F> ÔT v"I1]gJ IVS ?> kc^:I[?@DXeACBi> TJyIt? c _Y I[T ?@>@IVD"e^C^k\B
ACN B u )^Hk\?@N
> T ACIKBavXQ J68A 9 c gEdN Q % u ?@I IK_ bXc >T A8^ ~
>c BOc ^>FBi^tv > ` T eI#klA8^N ?@IVI[D@h:> I[` B(_^?@B
IK>F_ ?@c ^>FI/EdE c >BT Y I T,c DXA8h^:c?@>FYO? AHc BBDXIKACAHBg? Jb _AH^>@BgI[_w? I[` B
?F>@I[?Z> AHc >? cc BB{YY
Tec DI[B
e >ACc ?@BgNJ*Q>@?@I86KAC9:> 7c DFQ I[D; ^H^k#> T> T IbXT I[IKB JA u ` ^:BACI/BiJ DF> bXS JT cI[I[B Dvu ^:> BT II?FD IKS _ ]c >@]I[EdDIv~
>>@TÎkl^J{?@A L c cEdJ{N/J
]gI[B3^:?@>Jc A8^:N
BD ` ^Ck#E c j> TI bXIc DFI I8JbXA T ` I[BB û ?@Î[B{Y
IAC?Z?@J IV]gB{IKI[AHIK>@JDvyLg> IT I]gA DZcA8J ~
_AC?@?FI8IXJ(B^t>@Ikl^>F?@DL c ?@J{I8J
I[S{Bc ?FJIKJA8N
kDo^:k?^:?A > TL IS ?FJBOA >c Ed^NtL?FEsIKAH_ > c c >ZÂHBa> cQ ^B 6K` 9 D c QBg_I$XT> T I[AH?@I >
c? Dc} J
_IIK_^HEsAC?FIVIK?@J(IKJ>F^3>@^ LiI; ?A A T ; e?AACTBgevV\ACAHD>tAC>@> >FT ?ZAHA >u > ACT B(II["hIKIVJ?@EsAACDF>> ACc BjY3IVDtD> AT _FI ~
]bXEsT AI[_BI"^Cu k*Bi>ACT > SI=?ZL ACS E*?F] BOT >oI[^:BL^:EseAC> I[c ^:BgBA D` ` ?@ACIKBi SJ c c? > c B{c DYOvXeAyI[? _c I[>FD@^D? ACc ^> cS ^:D B/u IV^ChkoI[> BgT v I `
6K9 IKJQ A~DF0 > ^:S ? J|NT{` c e >ACjbXIT >^ T ` ILi]I c EsBAY_I] ^CS k#?FI/> T ACIBgIJg__EsÂHB
e>@?FAC^> EdcE ^c BB Y TACc DDyT ÂC?>8~ Q
YO> T AHI=BD? `S EUJ I S ` ? > c T BAHY> ARu J{NA IKc AHEdN#??@J{I8A _ cc Ed>ZNAC> ?@c I8^_ Bgc v>@I[bXDtc >EdET IVIyhI[?IKJ_VA AS ADFIX_V_D ^b ?I[J I[c B>YAHBg>FJ^
D@AC^ B S ) ?1?Fe NOAHc EdB j `bX_T EsAC^ ? Tc} AHI8DoJLgLI[IVS B >F>@c I[B ?c > AHc ACBg>FJ IKJ T ` ^:u BJ{I[A N/c EdN|>F^ v^C *^ I[b ?oQ k S 68I[9 E {c QB'> T I[I>
DZc D#A:_Li?@I[I8BJ I _?@cI AC` ELg>FI[^Y> kT^
c ^D#J >F` IKAD@Ed_ I[T I[I[]? à^:S B/BO> > T c E Iyu YT ?FI^ S]iBiI[?J/klÂC?@BgeJD#J
> ^T IbX_wT I[AC?~>
I[_e^:?Z^J B
c BNY/^C>Fk[^v , > TACeIDA8Ah_AC?F?@IK>JACBgEsA A b u ^B> T ?FI I[> u S k^?FEdB Edc^ BbXY c BT YO^v=e>FI8I[v[B Q u 68]i9 I[{?FQD@^) B{_ZD ~ `
hbXcdT ^Qrv1c > eT I"]gAC>@IK?FA:>@D#_ T j
I[B?K^ p Db DFEdÎKBJ|Y` Î B{` I^BbXI T ^bXTJ|I[^ D c c ?@D IVDc B
>@>@^1IVBOJ
>f^#^DFI[B ?@h k Sc _E I ` EdE^:c BBIY
>? Tc AHIYIyEsA ^bt?` k^? B{c I[I BiJ
bXD TT^c ] c` Dt^] B{S I ?@IbX` T AM^]g]iI[^?FDFD@D@^:I[BDFD@I[_D ^:Bu BeIKI[_B
>FIK>ZJAHEsv#L
NACL ec E c AC>?N ~ `
ÂCB{BiIJ3bXAT ?F^ I[EsACe> cAHh:jI I[` D1e]?FA8I[N/D@I[LgB
I >FDc B^CD@k#>F? eS _^>FBIKIVJ N ` u c ^B3BI > T bXIT ^ IKcJD A:v[T Q ^B6IV68D@9> `Q
5ACB
B{N
EULiIVD@^|D=J|^N B` IXB^:Li? I#u ACe DFjS IKDFJ >X` ^^BB{ItIXAHe BSD b D@>oI[B?Zv^:>\AyIw]g|IV]{?@EGD@A ^:c BB ubXACT B
^N
> ACTD@c j
BD Y
voc eR>@^ ~
]Li?FI ^T ]iA8I[h?@ItEdN*AHeEdI[^>=B{A YbXec I[D@BIXeACD AHBu c `k > T T I ^ Sb Y I[T?FIKT v#IXAHjOB B{c ^ J b c ^D >8uQ > 6:T 6I#6 ACQ B. D b k\IV> ?ZT v I `
>Tb c e ^]gbXI[T ?FD@^ ^:Bc EUD EdI[ìY
TACc Ede EdN/bXACTD@j
^ D c Edu EdA/I[YO AHS EdEUI[NfDF> Ic ^]BgEsv A ` c B^DBI u AHu B
^NO?y> TLgc ^:B> YOT v v ` ACbXBgc EdJ E
b^J Lic IKI#IKACJ^:Ed> c? TI[cBiBgAH__?@I SI`*? Bc B/u^> > TD S uI1^:_ ^LT > >ZT Au D@I[c ^B{?KcpIKDEsJyvXvDL
I[AB{N_e ?F>@IKIKc J>A:NO_ QjOT{B{c6B{^ 6 YObn{v"Q EUI8B+J
^Y? T ItI[u AC?@e I>=S eEdIKD@>#ACI[DF? B{>Zc >^v=>#ACJ BgLiS J II
D@?@ÎVBb B EGAH` Bg S J*D@Q >#6:AH6KDXx YQ ^
&^JhIVDFB I[IKc J B/u> e c eS I[D@D#>v^HBk^:J > c ?Fu ILiI1J c > DFT >@?F?FÎ[D@b DBgAv=^>FIKBA_LgT AHI[?? ~
^CD@^ k=b> T c I> c BtI8LgJAHA?@?@D IVT B^ SD@^ EsJ/c EQ ?AC6:>6 T gI[Q ?, JAc_I ?FIKbXJ c >' TI8ACT{?@cB D1c B{j
YB^ AHb ]]EdIK?FJ
ÔY:AIt_ T > I8T JACB A
e;_^:?ZI eA ` T IXJ|eI[D E S ACc h:]BiI[?@A?aI[eAHeBgI[IJyEdNBDZ^:A D@>ac>FJy?@>@^^1>@B{^ AYgTQdDZp _c e ^:6:?@6KmB7 I[p QW ?8pAH;"DFe^S >> u T]J|N?FI[I[E >FD@c h:?@I[IK?FI[AHh?=DIKeS J{?Fv I I `W ` AHD]DT ?FACI[>F^D@EdE
I[>?FLghT IwII ~
jj
IVBI[^ ]gb IV?X>F^^Ck\Lg> IT N] S>F?@?@IKI AH` D ^HS k?FI D ` S >@L^J AS IK; J?ADFI[T BeDFI[ACD Bg` A _ bXT AHT D@^>@ezIAC> BgT J^ S ACD>FT>@I[ACB|Ed>~
>c h:IKJ{IQdAp kl6?@6^{eQ ;^BS I > TbXI T ^bXT ?@I8^_ cA:>@_[I[ D Sc c > ?@`*I[D c BgbX_ S c > ?@T Dt^ >S T >XI]gY I[S?Fe c Ed>1c D@^CD ck^DFB>@IK> AHT E}I ~
cD BT YACEd>E T I?@D@">XIK?FJI[A hÌV?@ACI[BgB
J> c DAHT EUEdACNEdE*DDACc E BS j >@I1c B
> T>@^ AC> T uI[>FEdIKEQA_ 6:T 6 I[?Q v=u k) ?Fê D@> S bXJ
T I[B
^:e>Zv
T> T II?FIK_IKI Jc hA IV` D ^:?tu jO>@B{^^ b > T EUI8I J
;YIK?Zv A ` T ?@eIwkACI[B?@? Q c B6:Y/6 {>@^Q )b ^;?FEG?J|A EUTN/eAACBgA Ac ?FD bX` T >@^^
^_J
^:B{^
eEUI[N Do]`8BcEdD\I[^:>F>\LiI[I[_EdN^:>F>@BOYI[>F?=^C?@h^:> IVTE ?@TAHBBc DeT TDFI cI[eE}bXk `D@T I[I8^1E}ACk >@jO` DoB{> TAC^ Ed^ b E S uDYD@>^:TT ?@>@IXT DoI1> ^HT j
kw?@BviIVÎXklÔb ÎKJ > JT ` AHIACD Bg, ` JA8u Lh D@I[cS >@Ed>Ed? Dv c
AC_ÊdE S u_ DFT ^?F^>@?=DtD@^HI8kAC> Y:bXÔ^TJ
c _DTv[Q A6D 6 S ]iQ I[? . c ^:B{?XI^|e _V_ S S D@] >c I[BD8^g>tACBiD c J >TJ|I^ b bXBT ^f^:B^|_ZA ~
_ACSBi] J c IVu DA8kA>FI[?_b^ S AC_?TJ
DZv1^?DACD@EI8S AC>F>I D TT c ACe EdEQ ? 6c D@n I9 Q >@^0 ê?1I[> I[T >IA h cu >ZD AHS E]iAI[?c ?@c ^:D1?Z^Cv k `
I[cAfBEsJ
NY I[^ ?tTS IBAHYt]?F]IKe_?@^C^
AHh:ABI[_ ?@TeDI[^ D8> SaT B
LI[>eS S>1Q ] LOb 6Nn AC??Z6 cJ|Q D Dc B% >FYÎ >@EdbXÎKA8T eh:^ I I[T I[T>AHc DL TcLic> e^S J
AHNEUACEdBgN/bXJDT ACDZI[EAHB/S E S>FACI[>B D~
AC_?FBiIKJACDF_I^:B^CD@k>kAC^ B
S >@?EdNyu ]g> TA8c N
BDoY:?@DZI[v h:` I[u ?@h I[cdBi _Qrv/I1>@EdI[^tB{> YT > I#T AC^CY:k=IKJyE c kÎ L` >j
A Bc B^ bDEdACIKB J
Y:c B
I ~ `
k> AHc ^:eB I ` ` A u AC; Bi?ZJA vT eD@>@?FAHI[BgBA Y:>bXT T Q ^6 Y:n:?@nI[Q IV>@) DkAH>@I[B?1I[> EsT J
I IV?tu b e ^S ?D@J>^C]k[?@v#^:BDAC^ ES S Bg>_A8I ~
TbXc T D#^ BiÀCbXeT I I[` BDZA8A N c BgBYACe` p I W AHc De ]4?@^:Q B4^ S QdpBg_6 IKn J x ` Q J
$ ^^B{> T^^> DFSI Bgu J|]gI[IV?@?@DFD@>Z^:ACBBiDZJ v
u W > T I1c eW IKAHB c BYtu T ^Hkwv"T > T I1S DZAHE S >ZAH> c ^B ` cA bXTc D@IeACBD T ^ S EGJDA8N `
p > D dpOAHBgJ I1D ^ EsJAJ{J
?@I[DFDZv B> I1DZAHeIXeAHBBI[?XACEdE
bBgAC^:eeItI[B> TQ I 6 nCb i^Q ?ZJW B/L DZT AH^ E S T > c Bkl^Y ?tT > IyT ID T D^ ACS YEsIVJD ]T ?FA8^h:BI^ S J
BgIK__IEsAH?@A8IKklJ>@I[? > T TAHc >D
>BgT ACIeBgI[DKACQ> S 6 ?@n I7 ^CQ k#)L T; ^ ?ZTA T c eDAC> BiT IAtDDT ACêS IEsJAHD> T
> S T DACLg>yIf^CkDZACu E AHS EU>FE=IK]J ?Fc^B]iI[?F?ZIv~
>hS ^ ?Fb B I[` Ep 2prAp
A8eN*p SD@>DF>> T Li^ IS A:LgJIJ
IKEU^:J/BAHYC>X~E c> hT IKIfJ I[`:Bg. JY^HI[k\B
> >@T EdIIt^BgBACIedpI AHuBg^CJyko>> TT II
]g^ SIV?@>oD@>F^:^B> AT JI#J|Ed?@I[I[B{DFYD@>IKTJv ^C` k*> > T T IX?@I[D@N
IEdeEsACL^?EdI=ACD8]Q ?@IK6 _wn:IKJ Q c B)-Y ; c >o?ZA LiT I ec BAHYBgJ
A ?bXA b T B^
BTJ
^
Î>XQI[D#Li6 B{n:I1^DZ>XQ AHEj
' S BI[>@>^ IKb JTc L
>eTNI1AHAtD@kl^jEdIK?@AHeA ?@B; ^CIK?kJMA ?@T I[ee> S ACAC?@BBgB OAc AHB{` D#YÂBAy,
eDZS AHIVJ
E I[S ?> >ZA c AHB` > YIVc ^hTBI[cB/` e e DF` ^ S AD@cksD>~
>@> I[T ? I u b Tc^D ?ZJ{T IKvAHAHEU>BgTaAC`CebXA8c NO> TA ` > TAI b A ^c DF?NOJA voju bXS DZc >AHT EsA > ` T A1I #b D ^:T ?ZACJ>Fv? c NOj
A D T u I[bXec > A T `
LgLgACBgIVI1I[JfAB JA J|c ,|B ?@ScI[> J
DFc D@AC?ZIKA>FJIKuJ bXL
N uc >>FT^Tc >]iD=T I[BgI ?ACklb ê?@^:eI ?Z`JI[voA hACI[, BiB?ZACA >?@S T^:>Z^YASN
AY DZA:TQ _6 T? nc}I _wLgQ IKIt% v1AfI e bXNS ^ T DFS ^>#BTBY^:AHIVD>?
e>@^ AHDBaS _ T T I bXu A T ^fejOAHB{B^ b> T DI> T]gIXAH?@D> Ac __Ed?FIKIKvRJL EsA T b ^ T e ACS BiDF>J S u D@> I T cIB]DF?@]g^:IKBAH^ j S c B{BiY v
LbXT c kA8I1hAH^C>kACu N:B^ ^:S > ?T IVb ?Xê?FD ACTB c ]g` vVACQ Bg6JnB{^:Q >;"AyS >XL>FEd^
^Â1J:~k?FIVI[eEsACAC> Edc I^:B bX`
T T ^ Itc eD=> S T D@I >
DZeA8NAH>@` I[p?F' BgA:ACJ
E*N*ACpBgJu L ]gT AHA8>@hI[AH?F> Bgc vtACE ^:S ?/Bip _; EdI[I[D Ed^C` h:kACIKJ> T I[D c?@D@D>F~ I[c B
?K~dpEsA bt6Kx:` 9 ^ Q _ $ c AH^ > c TBc Y D
]ACe? c I[DF4 >@D Q ` 4 u AHQ ` BgpaJAHBg^:J> T ? IVc D@?ZIvfhu >@I[^BIVe?ZACI[L{I[EU>1I> ]gT IVIV?@eD@^:v B` D I[`=h:I[T BI> e T ^S SD@>fY T DZA8> N T ` I[pN W
LgbXIyc kI1N^ ^CS kBAY:I[e? ACu >@> IVT ?@ACBgB AHE TS c eBg_DFEdI[I E}` kwvVAyQ e6Kx^:>6 T Q IV)?~ c B|e~EsAHA >@btI[?F` BgACACBgEoJ/A S AyB
]i> AC` >@> IVT ?I ~
Bg> T ACIVENA S ACB
?F>\Ie IK S S D@AC>oELg>FI ^/T > ^T BI ^ S bX?@c IKklJfIE^Hc kjI=^:>BT II p D1bX>@cIKkA:I=_ ^CT k*I[^?KQBI:6Kp Dox n>FIKQ A_u $XT I[T ?8I
k_[I[ACI[DF>1>@I ^Hku h> AHT ?@I8Bgv A:bXv ` c ke IyS ^CD@k=>X^LiBIIp _DEsAHLD@?@]i^:IK> J/T I[IV? hàI[c ?FkND T JIyA8N*LgIL ^HS k> > u T > IyT IfDZAHkI[eI[>I
^C^k[Bv EdNbXLgc hIyI[DoI[e^Hk Lu ?^:A> _T IKI[J?vo^]gBAH^>@I[B?FIBgp ACDEg?@AHI[Bg> S Jf?@BeACk?F>FÎ[e?@BiACAE?FI[^ EsS AC?F> Bc h:I[I[N
DoQ B68I[xIKx J Q
$ACBg^ Jb AH>F?Z^ J
b DAH?ZA J
DXD c ^:DF>@BI[I?p D#^H^ kb ^BBI:I[pEsDRJ
I[k?AC> D T c D@I[>F?I[? AC` Bg^J(BI1^Hkte ^S BDFI>Xp DLgI eT A8^h> IT I[AH? D `
>@AC^ Lb EdIAC?> J
T D#ACB^:B> IT p D1I[N
eQ ^68> x T iI[Q?8 0 u LI[EdS Ed^>bv1~@> _T c Iy> cdeI[B^:Dy> T ACIV?@? Ic D#_[ACeEdEdÎKJ?@Ifkh? cI[I[BBgIVJ|?~D
u AHBgT JIK` S AHEdD> T ^ S Y c T c ^B{Iu TLiIKvy>FI[B(NIK AH?@D u ÊsJ
u I[?T > ST ACTB> T I
^Lg>I8v I[ ?Zh:v I1eNIKIVAHB?@D ]?u ÂEs_J
> IVD ?XB> YT AHB> > IT I#DACê> T IKI[v ?v `gB, I?@ÂC>F?@? > c NOAH> D ^ u > T Y ^ S ^:Y BT Iv
>?@TI[Es?FAHI[> Ic ^NBIKDyAH?@^D B{EUu N c B
>Fu cI[k?@h:> I[T BIKIvLgJ IVc > b I[?FI[I[IVBgB_I> T ^CI kc ?ACY:AHIYI[LiDvI` hL I[S ?F>N(LD@Ede^
ÂHJ:EdE~ Q
^kC6KACk\x:> 7 A T QaI[T
?XS ACBBiBg^J
JRb ?@IKD@JR> ^:T BaNACIK>XAHL A?@S D=;>D@?Li>AACI[TBg> beJRI[AC>@I[^yBgB/AIK> A^HT _ k^T >FDFI[I^:B> > T bN:IVIK^y? AC?Fc> BDT I AH> T Bg; IJ?Z?FA I[T EsD eACT > AHACc ^:>@Bi?BA c N
^Cc A Dk
>eT AHIBgk_ACI=> T ^CI[kw?Kv"Q ? c 6K>FxI[D` Q AH+ BgJ IK`HACEd> kTa> T ` EUj N c ` BgDJ
A?F_IK?FJ IK`JACEUY:I8IAC`?@B u c> B{T YIACJ ?FS I#I> c]i>FI[EUIV?Dkl^>F?^ ~
?@u I[> TDF]gACI8B _>K> XT IL S ]{>t?@IKIK_A:I8_ J T c BEsYAC>@^:IVB?~I[BgDACv[eQ IK6KJx {u Q _[A +S D@T I8ACv >FI[c DfhIVe?tê?FI AHB/b I^CckXY T> T >NI
>c B3T ?FBI[IS eu TLic YI[?T I[ACDFBg>ZvXJ(_[J
AHIVD@>FYI[?@D#IVI ]i` ^>DFT D@I[ACDF>D@I[eDtACeB ^DFc D >^Cb k^> ?@T > T^N3D@I ^C k h:IT `^:LiB^^ >S T ?
A>CT eIf^>@BI[YyB
> > T T IVu eJ|IK*_[ACABgJ|JI^Cu DFk ^ Tcc DDv1E c ACkEdI8D@v[^Q A 68x ,
S Q J|+ ?ZA A8bXNT e ^ S T D@AC>XD1LiI[IB
e>@I[A?FIKJ
J I
kNÎK?AH?@AD1êEsJ AH`B k^:c B?1Â3BI_[AHJ ?@?c D@c IKAHAHYD@I IK` J kl` ^k?^:?#^B{> IT IbX_[T AC^ ?F? cc I[D?tAH^HLgk^CAh:I/L SB ?c BJ
I[I[>B N `
kY^:?F?^
Â eb Q^:e68x AHB Q ` ) k^:e?^:A B, YXBgACACEd>EAC> jT A ^` DFkI ^:`8?ac k> >T T IXI[jNtc B{eY I[` I[AC> Bgu JAH>ak^:^:?BAI>Lc ?ec J
IKIwv ~ `
cD@A k\]i,>IKT _Bg>"ItAHk>Zj ?FACc^jBeAYAH>ACBgT BgIXJJj > A cT BI, YgBiQj ACc 6 >ZB AHY9jQAe $XuS eT D@>XIVI[NIVLi>Z_[I v AH` uEd>EeT > ^:IfT D@AHEG>AH> v >@; >FT I[?Z^:?XA BT ?@^ IKeS _w?FIACIKc BihJ*A I[oD1bXAC?@BgT IwJ^ ~
c> B T c I> c 1AC>FACI[EdD]gA1At]AHBgS ]Jyc >EiT ACIBgJf#A>@IKT A:AC_ DFT NOI[AHD D `T> c eT I#> >FT IKIXA_ T IKI[J? A1u AC>F^jY:AHI[?@NO> T A IV` ? ^CkabX> c T> T I
Es]iAC^>F?@>@> I[c ?^v[BQ ^6B{ EUNy6 Q ^Cka;> ST >I#"T IIKJbXA `T ^^ ?XkACÊd? DF^T>c DT I E c ) hI[BE cdYOT AH^
D^^HJ ka>>@TIKA:I_ T I[IKDJA A `
ceD#AH_[BgACEdA Ed`"IKJbX>T T Î]iD SI[?L
k~^:>@?@IKeA:_ D T I[c B? u A:S _[]i_A^J?JT ACNOBiA8_N
I AvVbXQ c 6 > OT n{Q> T $XI T ?ACS > EdI[; D ?ZA u T ^C~k
>ACT BiIJ"DF^yIKJkA^v"?F> > TaT ` I#AC? Bgc >FJI[D Y ` c h:> TI[D=ItkPt^
ÂHJ?@L uT >@A:^J > T T AHIBgA_ Tu c _wEsJ^Bgv `
_IVc D#]>_[c AHÊdB|EUI8~J? c >F> IKT v I `
P_ T S ^? DFS I[B u > u Tk^:I?h:> I[T BI#I[]?ACS L?F]gEdI^:D@^:IKBv IK` vV]iQ I[?6 kl ^x ?@eQ D% > I T I bX)T ^ Y:`B
NOLiAI Jc BT Y I[NOu A J ` S > EUT NI v
)] ? ACY:c jIVB A8D@c >KDN
TQ AC>@Y^:6Bie:ACgD A Q` u ukl$XAC^Bg?T J{ACAHvy> B^>u >TeT I AHI[?=Bgu , v e?ZbXA ACS BiT >Zv^ A`Cvyc>@DX? DS _[A>AC_T Ed? Edk c}IKS J Ed_EdI[Nu DT{` c DDEdvEUS Dy^ _ TLi^_ AC> c T(DAC> > c TB{T c YID
IK> TAH?@I[D?bXACBic > J/T e> T Îy> T I[IK?KJ{ A T ` Iu >e T SIyDF]>1S B] I[c hEsv=IV?tD T ^CAC*EdI[E\Bg_wJ ^BTD c c eJ|I[Q ?t6 AC D 7 TQ c DX$XkT A8I ~
>@>@I8I8AA__ TT I[I[?? u u AHS j]iACA?@J N
T ANOv A8c N
DoA>@vI[`B> > T c eIRkI[ACDo> eT I[^:??@IA h:TOI[SBBgI[?J
AC?@LI8EdJ IX>> cT eACBI[D1AeD S ^L|?@I~
>> TT ACACByBt>> TT IoIXk>FAHIK> AT _ I[T ?8I[Q ? ` 6 LO{S Q>.> T k IXT{ec e ^:>bXT T IV^X?\AY c > h:T I[^ DaS BiDZACAH> BgS Jy?ZAC> E:c eL c I[?@Da> T eAC^Bg?@J I
T> T c e ItbXIKT J^tA Y c cD#h:>I[T D Itu > eT I#^:?@j
I1Bh^ I[b B{EdI[IK?ZJ
AHY:LIXEdIt^Ckwkv"AH>> TT IVI#?K{kIK^J{?XA >` T > TIyI1L Yc ?@c >h:T I[?k^^C?k
>> TT{I#c D DZuAHE jc kII8v^CkaAH>BgT J IA8"k>FIKI[J?tA J
u IKI[ACB> D T S Q?@I[D6 vX
I[>FQ I['?@BgI[AH> E Tu c?FeI b _AH^:?ZBJ
DDcv=J
LgIV?t^:> > TT AHc B >
u
u
I[b TB
ACI>@DDf?@LiLgIK^_I[?FI Y
Bc ACh:>kIK?FJ^Tvyec eA > T> eT I ?@IVb ^ ?@S ÎYeTACL B e c u e^HS k AC> TSEsv=cAHDIE\eAc D@^:>FIK> I[_wT Bg> IVc_?ZÎ v[B òQ ` bX6 AC
T BgI[J QB ;"bXTS Tc Dt>=I[B >]gT AHT AH?I>~
Lc Bc ?@>A:T/_[_bX^?TJc AC_ T Bi_ARI >@bXIKA:c > _ T T I[> ?T IA:_[Es A S btA `c B
]>@?@IK^J _ S bX?@c I[> DT k> ^:T ? I TbXc eT ^:Ed> ItT ?@^ IKS JY A T `
>u T$XI T I#, A8] h S c ] >F?c Escv"òe c DS ?@D@IK>oAHj
E `B^ IbI[e> T ]{AC>t>=>k?FT ÂCe!>=eAHACYBIACACEdBgDFJ^ bXJ
TIKAC^y> TLgQI[B{I 6
>@D Q
T_[AHc ezEUEdIKJL
N c B/u c B> T D@>FI[? D@S I _w>u Wc ^BB D@> cc >BgS v">@>IVT DZvITc IKDJPA ` S Lg? ISaìc >c BE c >@_>@ÊdBIDFÎK?= Se I[S Bg_ _wTaI`^Cc Dk
>$XT T ACAH>> Li; I[B?ZA I T e> uAH_BgÂ B
klbXI[T?@?F^ IKJc DaLO> TN IXc BY D@c h>F? IVS ?a_w^C> kic ^> BT IXc BgL voc ?F> > T T IXk^:?oIKJ{> T AI=Q DZ6KAH7:j9 I Q
^C_^:kae> T I[I1DoL
NIKJEsAyA b ACBi> JT I> TkACI> T>FIKI[A?_ ^HT kIVAH?XB^Ck\ACY> T I8I#Jy]{e?@I[ACDB _` ? IVc LihIKI[J/B>J T S ^ > S c I[Y DXTLgT IwI ~
T>ZA c eS Y DFT I[>E}kgTLic I#D uAt?FI[_ EsTACc > EGcJh:Q I[D 687bX6 T Q ^ b ^ SI[?@B{IXY^:1EGJfA8hI[Bc` ^ > S T Y I#T D@>@^:^1BLi^CIKk v) kAHB> Y T c ?ZIVAC?@DD ``
A>CT BiI[J e!` ACDp '*T c >FI>@IEdI1g_D@IVÊUB{EdIKDKJyQdp > T6K7I[enQ c $XB T u DZIVAN _w` ?@eIKJ^Cvh:jOIKB{J ^ bXb c EU> I8T J
Y?FII[D@`8I[T B
IX>Fe_[AHI[EUEdB
IK> J `
TNACDFÂ8jSh IKc JB]{Y?@>^T AH]iID@I[D@?FIVYEUeN
^QdJ
Lp DEdIK68_J 7^`x BgQ/AH_wBI[p ?@0D Bb ^:c ?I[B?FYuIKAJ > ` TeACp $XAH>yBgT ev#I/AHJ|_ >@I[T{>FD@cI[> Es?c J > ` S TAC>@BgIACDJ^HkA:> TJu IJ
DZA?@YIV_wD@?@^D@IKJ
I8JD J v `
j
> T BI^ b EdI8IKJJ
A Y:I c D c D Tc c DBgkJ
ACIV> IKT JI[?KAk_ ^:T? c EsuJ > `T IACBgDZJAHYTI[DI v bXT TA8hÎ>@ACIKEA:b _ T A8I[NOD DDZTA c ec J
^Ck=_ T> c T EsJI >@I8^ JAACQdB p c 68Y7 Bi^:Q ?ZAH4 BOI >1c > eT I[AC?tB >` T AH?@Bg^ J S Y T kACN> IKT AHI[?@? D ` >FB^^?1A> >FT IK?@A^ _ S T Y I[T ?
bkXS TEsv1c >@Ij c Bu T DFAec ?FI[DZB v ` u B{_^:ê?X>I[T Dy?@Y^ ?FS IKY ACT/>FBb I[IKDFDZACv[Ed>Q Ta$X` BT Î?XDZ> AHT Y?@I[^ D S YT TA8huI]gêb A:I[J
?I~
>) TBc D=Y

ACEsAD btu ) ` pB % S I jAHbXBgT A^ v Tc D ACDXu _EdÎKB{AHD ?@c B
J
>I[?F> IKT JI1v=YIK?FJIKACAf>=>@L
^:NYI[S > TDKQdI[p ? 6KbX7:c7 > QT $X> TT II
D@^CI[kgB c ^:D ?T c AH>Nt>@? ^Hc N
k AC; D?ZkA ?@^:T eeAHhBgACACEd^ D S c ?Do` k> ?FT ÂCe >^Cu DZkgA:_A?@IKc D@J{NOvAHj
DiBk?@^ ^:b e EdIKbJ
Y:I8IACÈd> > T1T AHc B >
YAC?Y:A Ic Q B 6Ku 7 AC{BiQ J) ^> TeI[AH?#B Y:^
c Dt^|J|BDZ^v >1` >L T S I[>#?@Iw> kT ÂC?F>#I ^Hu k _w^,
BS D J
c J|?ACI[D?@IKAHJ{Edvt^Bh:I1I[Bkl?@I[^?A8e ~
LT EdACID"LgEUI8I8AC_[?@A B{S IKDFJyI > TT c ID T IKI8JAA J ` c> DtT IXY:?ZYA8^N*J
D=T_c ê BD bXc J
T I[^?=` >@^t> T Li^ I#S h:Y I[T BI[N?^ ACS LBEdYIQ`
^CT6Kk7A8hEdIKIQ AC) >BT DÎ[> AC? TB` c BD I[SY/EdI[_ ]TL TS c AC>DB
>AC>oT B eIS A:BgBJ
AHEdIIKeAC^HI[?Fk BD b IKu J^
^C^k1; J > ?` T A ACI T D=c e?ACBACj Bgc ACBgA{B
J>@vVI[> Q TEd^:^]g6KDF7 IXIe> Q T A?@) J
I[IID
Ay_^ Ib(S B c D S S_ T B]c D?F^S E c}B ]_ ?F` ÂCJ BgS J_> ACc Dh:I AbXY c c k> >T/eb A^J
eI=I[>@B^` ACAHB Dc AYB{_w^^ ?ZbAHB
bX>c e> T AHBA
Nu J
c IV^
EGI[J|DDvXBB^^:> ?@Iu j
b BAC^ ?bJ `v=I[> hT I[IyB( DFc ^jACc D8DQ A 687 ; ?ZQ A < T ?FeIKACAH>FBgIKA JS LiDFI I[c EdBI[YD@DDXè bXS T D@^ >
LgY cI h c c BBYtDF>@>? T S I[_e>@I8J ]gA c Bc B ù bXAHBgT JAH>D b_^:I[BgI[_>tI[AC?FBBiDZJvyY:> I[T B
I >@c Ed? I1b D@]iI[E}I[kIKAC_ ?FT I e bXSc > D@T >=^ LgS I >
SEsA D@b I8JQ L
6 N 9 u Q At% >FIKI A` _ kT ^:IV?@?ZDFv Ô^:bX> TTa^ìbXJ|I[T D ^:c ?@D@IVIyD D@u]i>@I[ÎK_ACT L c ACJ|BgIXJLON> Tvo^ > ST YI1T DZ>@A:Dt_?@ACIK?FJ I
]bXS T?Fc I#_ TACBgc DJy_I[^:h:B
I[k?I[]i?F?@I[IK?JklIK_L
>@NEdN> YT SIAC?J
IKIKJJ AH`B
YO>ZAA Qc B{D\6 > T6 IQ bX' TIV> ÊdTIc ?FeI b BAC^?Z> J `
I[> ThIVIyB S{> T c _F^ j*S
Y EdTI[> c B/T{c ]ieA c BB ^:` > u D@c B8]i IKS AC?@j I1b^:> ^T ?I[J
?FDZD vfc _BS >>@T> c ^ BS Y Y T u ^>X> ^T ?#I[?FJ
DZI[v1I8>FJ*^
Ed^CI[k > TTc e c e` D Bc Bg^_> I#S > >FT >@ACI[>?bXDF]gc EdI[EI8]{_ ?@T I[I[h:D I[B
bX> TTc _c eT ek?FÂCej:I Y
u A ^c > B T c I[B?FY DZvT IKA8A8klh:?ZAI[Bac J Q
bu6 T :IVI n?@IQ b ]i^ )S^ cEsDF;J^?ZBaEdA ^:T BeAHYyBgAHkJ^Bg?A_vX^DBB{T I8D@^ >Z_SAH>ZAHB
EsJ(?K>@QEdN3AC6 E bJ
x I[A8DQ NOc Df?F0 I ^kIK? u AH>@T ^? I TD bXS ^*eT I[^ AC?ZvyY:c DIDDZ_AC_^D^:?F?@Bc Bk IKAHc J >D
u
AeCBBI[IVBhIKAHI[[?FD@L >NS T >oeI[Ed> I[cT BgDFIDXJ DZe` _wACÂ8Bi?@NB{J vI[bXD@? EdI[Sc > I[>FT ] >@I[AHbX?FBEUN1c > IKT]iACI[DFAH? NBc D e TIKACI[c DKDFBgNQ J 6 e b CciAHBgEdQ Jj ) ` T A > I[b bX?FIACc _j:ACII ~eLibX^^c B?@> BT Y
e> T AHIB ebXIKTACB{^ D T` ACu DJ
I[LiD_I[?I[c BLiIKDJ3ACBgAH_Lg> ^Cc} h:IKIKJ(v c L
B3N3J > S T II ^:u ?ZI[J
eIV?]` Ed^CD N
T eACEdI[EB
Y>1?A^CJ:k[v~
S]?@ACIVEdEdDZN_? AHc LiBgIKJ3J_ kS ê ? S u Es> ACT > ^:c D@h:I I[EdN/bXT ]gÔIVvy?k^:D@> ?@SeJ
N(> T > IT I/hAC? c IK^ JS A{DQ A S 6 D@ >@7 IVQ ? c > ) c I[B D
)#?FA NOT ACACBDFNOeACD S ` D@]i>I[?D@k> ^S ?FJ
e N-c B> YT I AH>bX> TT Î1EdDZI ACeIKIXJ> Ac e>@^:IXYhI[AH> ? T c I[^ ?S DbXj c c > BiT J
DX> T ^CI k
AS IKDFJ>@A:I[v[? Qc > c I[6 D{AHQ BgJ' I[> T>ItA h;^ b ?A DXT ]{e?@I[ACDBg_A ? c LibXIKT J ^L
J
NIVD> cT ?@ItI[D? S >@Ed^ I[D ]guIV^C?kk^:> ?@T e I
>AA T SS IDFDF>@>@I[I[?? IKcc J>>Nc A I[D klc `^D?_^J
A B{IK_D@; >ZEsAH?AHA?@B
IKT >@J EdeNuAC?F>FBgI[Â{]gQLiI8ACIK6 >#v :>c TB3QXI1"> TI[IKc? D cJEdA{N b `:^k> ?F^T Es?XJAH>#> >T >T I1bXI D@c _>T{IS c ~YJ
LiTNÎ[?@^CDFB >k
e> c I[AHDtB^H]ik I[T?kc ^Dt?FBgeA Dtc EdD > àT IbXT T^ c Y ` T > IVT D@^ >S A Y S T3D@>Fb I[?IKc AH>?N c BS Y/]A>F^/YOAH> ?@T EsIACBiIJ ` >@?@J{IVA e c Edc N ~
?@c >IKNO_ Q c >FI[6 D{> T Q I) IK> JbXA c _Ic B~Li]^?@? B(c hACe>FIACB >@^3bX> T T ^ I ` SB{>Fê> ^:T D@A8>h c^CBk Y/TDFc D> S ACJ L c IKc E}J ~
>D@T^
ÎfB kIKACJEdA EdD ` ` AHI[]h]I[EB c I[DbXTTcc eEdIDFEI[c E}h kc B>@^Y ` ^>@> ^T I[> ? T uI/AHBg_^:J Bgb J c^> ?Fc EG^J|BEUN^HkD@> AS J
,
NS v ~ `
J>@
^?ZA > T ACI BiJc BK T{S c BgD_J|> c I[^:DZB_IV^CBgkJ>ACT B
It>FD ?@IVu hAIKkAH>@IVEUI8? J/T>Fc IevV>@QD1> 6 T :I Q ?FD@) >1_[L _w^c ?@?Z> J T c B{^CY k
A]gCBIVB) DZvR?@NOÂHB(B c> DoT Ik?@^:>eN c Bu YTc D^HktBgAH> T> S I/?ACY Esc vo?ZJ
eEdI^> ^CT k I[? 2` >S T B{I#YODFA IK_Y^:?BgACJDFD ù T AHACBg]
J ~
>u T, I?A S> T{>Ac ?vJ(DZA:^_B? c}> T _wIIQ c B 6 c > 9c AHQ > c) ^B(e^>@^B{Yu >> TT I^D@]iI I[u ?> kT ^?F?FI[eIKv1ACBi> _T II^HL kwc v?@> TA
bX^Ck Tc2_ T3S Bc DyY

A/D@N
Y:e?ZAHLgD@^:D E`"c DFc IKD J TL
c DNL > c T ?F>I T c B
kl^h?yI[DF>> Tc > IS ?@DZI AHjbXIc > ^CT k>> TT IIYc IK?ZJJ|A{EUI
>eT ^:I[N> T J
IV?IK_AHEsAHBg?@JI#>> TT IAC> >FcIKBA_ > T T I[AC? > Tu Lc Dc ?@k> ACT > v"T >I[T?8QI ,
6 c h 6 c >FQ ? c$Xu T hI[I[N?FD@IK_[vACEdc ED > TT c ID
u
k>@> ^:I8S ?aA?@I_ BT ^:bXI[Lg? c ^> T J
> NtT > TI_[ItAH] BtY S ]gc ] ?ZIVcJ
E?EdpkItDZ^:v?@^Hekk AH2M> A T S I[u DZ?fBA:YOLg_Ay?@IKIK_VY:J{A ?ZvoS AH?DFD@cIDK>@Q I"T 6LgIIn{Ykl^cQ h:?@I=uI[% Dt> TI > TI bXIc B
T h^ I[IKTDFJ> AHA{c D~
B>@Iw^:|>>yLgII[gIV_B I[]{c > B c Bc > Y c AH>@u IK> TJ^vfDFDIT ?F^ IKS EsSJ(c ?@BIK^:J>k]^:?Z?@^:v1B> ^ T S IBg]g_II[?ku ÂC?FB
eNvyAHBg_IKIJ ^Cc _ k
kTS c DtB{I[L ?ZcAH?FE\> T ? c >@kI[?FD^èD c Bi> T _II TI IKJc D#A{Q ^:B6 ARx EdQ I[h$XI[TE I bXcu > D@T > S A J
I[,|B
S >ZJ
v ?ZbXAT Li^ IkT ^:AH?@ID
Li> T I[II[B h^c B b c >D c ` AHAH>@IKBgJyJe Y?ZS A:DFJ >S LiAHI EUEdcN/BD@Ed>FIK?AHS ?@B_>FIK> J T Ic B> I8T JItA `]iÎ[?LklDFÎ[?@?@eh c ACBBgY/_wI#> T ^CI k
]> T ?FI[?@IKDZ_A:? J c Lg` IKY Jc ?J
? SEdI EdÌ[D8D@Q>ZA 6 H` gACQ BgJ +EdT^ bAH>@I[I[?th:I[Y
?AC?@J
e?@IVI[D@B
D>t^CACk1?@ID@j ]c B?@IV` DZDZ_A:? c _Li?@IKI8JJ
kLi^:I ?S A DFIKu JD@v1> S ACJ
>I[B
> T >/I ACu >]iI[> T?kI ^?Fc eB c AC> Bic AC_> Itc ^:^CBgk=v >` T > IKT vI/hE^ c bjI D8Q u e 6 S 7 DFQ >;ACY
S A>tc BA
kD@c B^:> SEUEd^J
^ ?ZI[bXJ|B
cI[>B?#Y=bX>F?@^ T I[^/DFc Bi>@? ?F_c I[?@_wDIK> c AHc J
hD@I[II=D ? T{SbXc EdDXcI[> DFD T]` cJ T? S cc >DtEdS N>FAC_wIKE*ÂeB
_ T >@IV?FIV? ^?c Ed>KE eQ c B{6 S Y#D@AC>1EdQ E^&TL{c D@hDI[I[?F^?FhNM?@IY
J{AC> BA8T ND I ``
T> c A8^:h Bc DaB^HY/k Lgb AHAC> >FT I[I8?aJ >F`^#AH> BgT IJY:LiÎ J
c BD ` Y DZAH] YS I[? Dc} AHI8BgJ JèT IACB{e I[D S `8DFb >t^^C?@*D TI[c?] E uc >LgT A8I ~
c6 e:AHQ YI[' D=IV^C> k[Tvc >eT ItACLY^DF>ZJ
A D c `BAHklBg?@Jê ]EsAT _^:IBI[k SN IV` EaeÎ8B AC> u `> T ]iItI[?Dk AS _e?FIKIVJ D ` YO?FAHIK?v[~ Q
EsACACEdEBgDJ|S D L` DFD >ZS ACLBiD@_>I[ACD#Bg>_S IVD?@B{uIKS JD@IKA:J_ c J k^` ?ACv Bg JfA8klh:?@^^Se? c J
B^Y c Bu kY ^
c^B8J vS ò?@Nyb ^>@^yeE I[c hB ~ `
cc BBY/Y/__?@Î8EdEdACN
> ? S cd?@S I[eD8Q >F^ 6 :T{c Q D10I[N:?@^:I[De` klAH?@Bê^ c B
> > T c BI Y S uDFTIc Dt^Ck=LiD^T J
^
NI[v D` ACACBg]J]EdN:^C~k
AC_^CB h:I[S >@e^ S LD@?@BI[IVEdEsD@A D ` u ^:J?tAHBg]g_ ACc B?ACY DF` ^D Esc v B{` Y kc ?FB^Y e ` ACu BiD@JIVB]{D SEGA8AHN EscvBYJ
I[u D e c ?FS I D` c _[AHACBE YcI[B
? ~ `
D@L >Fc ?> Sc BeY I[` B
AC>@BgDJRv `tEdN 6 c BY Q ` k0 ?@^:?@^:ee!Ed^
Y
ÂCj ec BLYE c ACB>#Y òAHBgc J
JEdI>@^ J S c _DFT] cS B>FY I[D b ` ^LgeA_FI[j:B ~ `
ACACBiEd^:JBI k`?@^:EUe IV> T
T{S c e?F> c BB{YI[h^:I[>? T I[b ?FAHDKD@Q >@I 6 T9c DQ e' AHI[B> T T^
c êJ*ACkE b^? A8NOT DI DFbXEdI[TI[]^
h) ^:E > S bXB
c >Z_ACIw?~cLiEUN^?FbBAHDFD@> >@S IVJ|D I[B
T>c D`*bXeT AC^ B TT ^
AC^D J c B
` hL^:?@E I8S ACB
j
>ZD AC? Tc EUc NDbh^ ACb D@>FQ IKJ 6 T6c D Q
eD S AHB B` EdACN/BgD@J/>F?@AI[kB{>@YIV?> bT ACJ ?ZJ|S D#? c B> T Y? c D@_EdIyI[I[e ] ` S >@e >FI[S ?XDF>t> T LgIAH> T c I j:`=~hb I[^?FD@?FI D Tu c bX]3T> c T_ T I
LiTcI[eY c BklDI[v>Z`_ T p ) AMYOA ]gc B^:>1EUIVk >XS EdeE^HNk DFb>@?@ACIV>FBI[Y? > `T ?@^ I[b > SI[?F?@DB ` >@_^y^ b eJ I:S QUpBY 6 `:nIKACQ ?F' > TaI[> `
A>@CI8BiAJ_ T I[?S v D` AACBgYJ?ZAHJD@D A ` c EdNACDYe^y>@S ^_ T LgI[ACYyDkleÔÂ8J*NQ Lg6 I x ?@Q IK) ScDF?@> I8S J J|I[u B
LO> N ` LgTIwc D~
cbXBT Y^3] SAH?@?FI/I ` BD ^:T >AHEdJ
E\I J A _ c cEdIVNBOL> ? cc BB Yyu k> ^
T ÎJjOklB{?@^^beEUI8> J
T YI IT ^C^ k[S vyD@I[> DT I^CkeIKJI[BA
ACu klBi^J EdEd^ c bXB c B{u ]iYI[?> kT ^:I ?@c e ?1cEsB{A bYOvXk S DEsAvX_?^c}_[ _ _S I[]gD AC` > ACc ^BgBJ D8bXQ T 6 ^HgAHQ ?@If' I[kAC> eT^c eS DBk^^>?
LiTcI[D#Yek?@^^:>eT I[> ?KT p DI?FLI[EdEsÔAC^> J:c h:~I[?@IVDEG^CAHk> c T^c B{D\DK>FIKL AS_ T > IVc ? k` > BT ^:I[?a?@Ikl?@ÂHe?@ItT{B{c ^ Do^T b ^ S BtD@^:I[D?
LiACLiI[Ed^C^hBI Y ` c >ZB{AHYj >Fc B{^1YD@>@> ?T ACItBY:EsACI[DF?@>D ~` BgEdACI[>eTIKc J e Y:?F^1D@>8>@ ^t6 ^:7BQIX.^Ck*? >`T c k\^:D@> IT I[Bg?FACIeAHIK?@JI
BY^1^ >Fu ^h c I8?@A> S_ T ^ S u D=T ^ eS IVD@BI c ^CBka> > T T IKI#voj h c cBgEdEsJACv"YeI ` I[LiB
I > c c B^:Y1BIK] JS ?FACI#LiAC^CBghIJf`?@T IVIeeA c A8B
N ~
ceBY#^:?@D >c ACEUIVE
BOD >8c BgCvVL Q S >6 EdI[> Q T% c eA8h cA8Bh:Y^ c LJ ?@^) S L Y TT c >DACDD@A>_AC?FD IKJyu > kT S Î[DFE
IkA:?F^_[e_ S DFAfIKJyJ c ^CD~k
6K9
>ZEdI[AH> BgT_I c e ` EdI[`C>S BT{b c ezIKAH]? cEsIKA:J _I ` ec >ACAHj:BOI N bXbXTc > IVT?@I#c >XL L S S >?@^:B
B>>^T LIEsACY> ?Fc ^^ SBBgDJ >F^` AH> BgT JI
DZbXA:c _> ?@T IK^ J S > ?FLgI I ` c B{LiY^> DT c _@I[j h:` I[BB{cI[BYYEdIK_AC>FBgD/J J eS ? ^c ?FBB Yc BD@YgI[Qh:I[B6 u D Q S _[% _II[DFDbXc hT IK^ v `
TJ?@A8ACI N
D=` D1LD T?F>@^^/AHjEdY:EIVB^]gIVT{^ ?Skc D=^:>1?@heLg^ IVb Y> vVTY Q IXc B6 ]iY I[` {BgAHQ ACBg%BiJ_I IX>@bX^/^CTka^HÂCB ]iI[?)I[?hkklSÂHI[?@j eE c ?Fc DB B c > B >T T I1u I^:hBDZ^ I A:b _bX?@u TIK^HJ^ k
D@IK>ACS >1J
> I[T B
I>@D kT^
c ^]gJvXD ^CT kXACÊdEaBI_^:uB]gD@I[>?FACD@B
^:>@BEdN^D BS EdLNDv[c D@>X> T ÎB/D AHS EULeD cD DF` >@I[u LBiS _I>Zv=^CBk#^:A >
D@>@>^S kJ
AHI[D@B
> >oc B^YiByQ Lg6 IVY{YQ I8J1) k>^
^T{J c Dfc Do]J
EdIKIKAC_DEsAHS ?@?@IKI JyT >FIêLiI=A8NIK IKS AHAC> E òu bXc ByT eI[B I[? c c B
>Zv~
hY^c >FJ
IKDJ ` ` ^:> LT D@IyIV?@kh ^
c ^|BJMY ^Cu T k^ ^:b BI[Ih:I[e?oAC> B/T IAC_w> ûBgAJ c ? > c c >@^:IKBv D*c ^B B T T^:c BD*^ hS ^ ?1bt^H` k^:?\> T AHI >
I[bXA hc uIVD@k ?ZIXS vXBklÊ IVc ?X?ZjACI1A EA ; e?T IKA I[AHT ?FEseev ccACB>KBgQ TA6 ^^BB9 ^:EdQ ?N*$X^HTLkcS > D#T>J I1B{S ê>N D AHS Bc _DXI[T D ]` J?@LiI[S DI >_T N ? A8c cLih DIKc B^:JY?ZJLOu ANT c ^B{> bTIKJI ~
kL
^N ?#T{Ac Do>FDIKTAAH_ T >@?I[c ? N
` AAHBgACJBiJ/bXcA> T ^ A S c >oD@NOA A{uQ D@]i6 IK_6 c Q ACEs; vo^_>^:TebXeT AHI[BgB J ^` ?Zu A#J|I[DF?@> IKS J ~
J
ACBgI[B
J >Zv=c BD T J
AC^ EdEac BAHY E b bXA8N
T DAC> Ic I[D?F>D@I[T?Fhc ec _wDFIKI[ACE}Lk Edc I B>@D@^> S TJ
cN Dc B>@Y IKA:u _ > T T I[I1?KQIK6JA:n{v `Q
<ACBg^J B
>@T?Fc^DEdE ec BcY BgJTc` DtEdI[Li> ^|TJ|c N e`TD@>c D1ACBgD@J]iI[bXIK_ c Ta> T `T{^ c Dfc BÎ8?@J Y
TACBACBgD J
u D ^C` k#EUD@^
IV^:Bj D@c IKBv Y `
?bACc >=YIVEUT> ET >_IAC^C?Fh:keAI[_?@I1I8S J Bi^H` k_AH^CT{Bghc JI[DX?FbX>FIKIKJ T A` IV_ LiB T I IVT T ?KI QA8h:c 6 DoI# AxJ
JQIKJ
_' ?FI[I[I[B
D@> >FDFEUIKTNJ c eACuBibXJyAHc E > bjT I[A8I[> N
] T D=I T{jbc I[D"I[^:Lg] ?Z^J
TJ
Dcv N D `
>Edp I[;T D@I=I=D]D@hIK?FACAHI[E >@D@S IKI[ACBiJ L{_` EUp IXIT ^CJ
I=k ?FDI[T{TD@c D=DoAHEdAC>FEIKBgD AJc _>T^J
?FI[^Bg?ob ACEdI[eB > ` I[TkB
Ac >@e_ D c Bu AC>Y E T b TACA8cBtD\N
>D>FTIKIKAIAC_ >klT ÊUIV?@IV?KeD@QD I[`:6 ?Zb Cv iIK` ACAHQ ?oBgW BJA
Ed6 I[ > 7 TQ c 'eI[> ? c TD@Ifc eIKACB{?FÊ c >XI[? ACBu Dk?@b ^:I[e ?X^:T?#c D_^LgB
IKh:J{I[v ?@` DFAHI BgbXJc > YT û >FT^c DX?FI[>@D@IK>1A:_ EsT ACI[>FI[?Zv?K`Q
?@BIK^_w? E c bXB cc B> T YfAH^BBA8Ah:LgI[?@IK>FJ IK` JfBk^:A:?_ID cQ >@>6 c :BY Q ` ' BI[^:> ?TI8cACe> c BJ
Y ^ ` u B{> ^T ?=AC>D@v>ZÀHBgD@>J ACc BgBJ:Y ~ `
cbXBT Y I[S B ] T `
Itc k D@u >TACc BgDJ
>FD IK` AY_ T^ IVc B?ZvYc >@D^DFIKeACI[>FIKI[J> ` T{Ac e J
hAHc k BgT _ cIBY1A:J
>@h^ ACb BiAC_?I[J
D D ` T{AHBgc e J
?kAS _wB{I B uc B> T YI=A>@kIK>@A:IV_? T TI[c?Ze v `
cbXk T TIVc DB kTA_II ? cS DBA8D8h I[6 ?F>@IK{J Q\` P1AC^]{c]B?@Y ^
Au _?@T^ Sc BBgY JT{v=c >Fe ^
cT k I1T E Ic IVDXDF>ZÂHBBgJ
AyDLiACIK>tJ A/` ACJ Bgc JD@>ACc k BgT_wIIt` D@L >ACS Bg>tJ|LiD I[cBgB/J cAyB{EUY/^ b >@^ I[b ?XAC]?EsJ
A:D_ITQ c e 6 {c k Q
+bXc >T TI[cB BT{D c c D=Y T >@I8>1A^C_ kT I[T? c D#c D=>@I8B Ac Y_ TTaI[` ? EdI[T > ITcD D=T ACLgEdIKEoJB^:^?>1D@D IKc >1AH>X_[ACLg?FII[EdEdI[^ D@b DFEdNL SAH>>
IK>@IKACA:DFI_ T Q I[6 ? :u bXQ c' > I[T > ^ ST>c eAJBJ ^:c >B{]Y?FÂHBB ^ TS ^BgB_If^:? > c}T I1_e> c >@IVEd?@IKI#vRBiLgACI eTIc Bg^CJ k TTcc DD
LgJ
I[A]i_Fj^?FI[>@h:eI[IVB BO` >8ACQBgnJM9EU9 IVQ > +T{c eT I[?FBI[^:h>#I[? e u c ]ie I[c^_ ]T{EdIKc Dv=YOS A DFc >>@Ed` NDF]g_I[IVI8B_ D TS ` ?FIAHBg^:J ?
kJ
ACI[Ed]gDFI[AHEd?@N#>J
> IT kI[AHBie_II T>F^c DaAH>FIKBA^_ > T T I[I[? ?#` ]{> T EGA:I[_?@II Q#T n I=9e 6 QS D@; >*N/_^C_hI[IVB? D T{S c? D*c BI8Y AC?@uDoT^:c ?D
>@ACIKB/A:_ACT DFI[D ?Z` v L
` N> T kÂHSEdD@Y I[T EdN S J|D@I>FkEUACN e `[T c IBY bXT{c EUcECe LiIK` _A^:eJ
Î Yiu c B T I Tc bXD*TBÎE >c hL I[c DX?@> ^:T B v
Tc Dc DaI[B
>FIKh Ac ^_ TS I[D ?8u p D^Ck D ST{L{c D"D@>ZeAHBgI[?_c I >`
v bX` A c EdEu EsLiAHIK?@_Y^:IVe?Zv IXc B{A D@bIK_^>8?FQe n `9 AHnBgQ J % T I#I e bXS T D@^ >
BbX^T>yc EdID@IVT?@hI IT>c eT I D@IVu E>FkIKDFA>Z_ ACT BiIVJ
?DtL
ACNEd^
> ^CT k I ` Bc B
^:>@? I[bX?FhT I[I[B
B > c ^:T B3I ^Hu Tkc eACB{D@ÎV> Ek[T v I[?Zc vD
AC_[ACB?FY:? ?@c NAC`Y:ItB{^^? ?1bX^:BT I[A Bu A ?ZA bc D@^:IKJevACDFB IKACc Dt> `*BT IKIyAH?Ke S c k D@>1T IJ
I[c DZDt_wI[DFBgIKACJ>FIKACJ BiJc B3AksA ~
>@TIVc ?D=b >@IKACA:?ZJ|_ T D#I[DZ? AH` E S>@^y>@I > T TIc D EUIVu I>@I8b AAH_ ?ZT JRI[?^v[?=QX>@n ^y9:>x T Q I ' bXI[> c BgTJ c beACB{?J ^>Xu ^CD kc > TbXc ec > vVT
Bn 9^:g?Q EdI[% > I1TceeA8NfDZA8D Nc > ACbXB
N
c > > TT{c TB{c Y D=bX>@IKTA:c _ _ T TI[? T{cc D=B>@AtI8A_[_ AHT ?@I[? ?#c AH_[YAHItBJ
B?^:A > b T BI8ACL
?KN Q
^8EdIKA8I[hB IV`CD T` ^^?@B/DFI[AyD ` eÂC?> _[` AHêB/I[AtEdD ?F` ^^:_@Bj AX` ^>FI[B/?@?A A_b I ^
` ^^J
BI[ABLiLgIKIVJtBg_^HTakg` Y^?AC? DFc D\B/^:A ?
Liu >FÔ^ ACb >8AHQ\?Zn J
9D 7 TQ c W ek Tv=c ACDaD>@I8>@A^ _ b T ACI[?Z?8J|p D"D >@TIKcA:DX_ T ^ I[b ? B/c D>FBIKAIKAH_ T ? Ì[?8EdI[*> L TS c >eEdI[Lg> I TTA8c e hI `
SDZAHBE EdS I[>@DFItD h:T I[I BTI[?ACACD#L?FEdIKIt_]iI c I[h:?FIKD@J^B{]gDIV^H?@ek Tc DFc DDXc ^^ Bb B k?Fû ke ACe Tc c EUD#NvV>FQ\IKAn _ 9 T IVQ ? ` $XBT^c >D
cu D^:> E cT jIVI ?ZbXv c cDFB{I D@>@u ^? S?ZJ{_>FA ^c B?@D IKJc B ACDZDZv _ c TI[cBiDX__I ^` B>@DF^ >Zb AHBOAC>X?J
LiD I TTA8c Dth c ?F^ I[S EsAC?> >@c ^h:bI[D AC?u J
>F^ D
kbXT?Fc ^T Doe^:Lge IVD >@c >@TB IV^` ?@B^DX^?aEdSI[e>? A8Tc DN#c eJY Sc h:ACI8IE v b `TA8>@c NOe^ Dob DZLiACAH?I E J
T S DA8>Zh:AHAHI#?@EUNE ACbXA:DoTJ
>@^th^ bc e_wACIA8?Q\J
N1n D ?F9 TI[{D@c Q >FD?Z$ >@A IK^ c A:Bb _ AHTT ?ZcI[J
e ? D `
EIKc jS I bXAHEac D@_[IACDF>@>@^ I b ` ACAC?BiJ
JD>@D@^ ^:b BACD?J
^CDXk >TT c DI>F>FIKIKAA__ TT IVI[?K? p` D#Lg?F^:I[Es?@ACB(> c L
h:I[N DXbXLgc^:h:> I[T D^^CB k
>^CT k#I> T D cIJ|It>FIK^CAk_ T > TIV? ItbXkAHT > ^T IVc ?eAC]gBiACJ?F>@^CD kc > BT D@It>F? eS _^> >c ^T B I[?KQ#u c Bn 9 T{c Q D1$XkAHT > ItT IVDF^?KpB D
D@u >F> IKT AIJ{DZv _ `c bXIVBgT _I[I> T ^CIVk[?#vNDZÂ_wS ? Bc}Y:I[_?I[D ^:?u ^:^H?1k\^CIKk S ^:AH> TEaI[AC? Y:I ) ` B^Y
?XACAyDZv D@` > SJ
J
I[DFI[I[B
?@>Xh:I[^CD k
>BT ^:It>DZD AHT eACeI ]gT ^
^B^^ > S T ?#IACE DXc e> T LI1D#>@^HIKk A:_TT c DtI[?K>FQXIKnA9_ T IVQ ?Kup D) DFD@^> B S ` J
I[BB
^:>Z?vAHe D@D S c DFD@>>
Tb c ACe D Tc B T{c LgDACk> IVTI[c>KBQY n` 68B9 ^Q ?t$XI8ACT >tI > bXT Ic hkI[?D1AC^HY:ke> I[T B
I>@D>FIK^CAk _ TT cI[D1? òk^
bX^T J ^` BLg^:Iw?~
Ed> ^T BIYX>@>FIK^#A:_> T T I[I?KD"ACL eS I>t_V> ACT D@^>FIDFI ` e bXS T D@^>*LiLgII[Ed>F^:?@BIKY/AH>@>@IK^/JyAACDJ ?@c I[*DFI[]g?@I8I[_B
>>k S _[EUEdACNDF>@AHI D `
eTc SezDF>tB^Lg>=I ]iT I[^:?Bk^:^ ?@S ez?@IKklJ^?XL
ANbX? c c D kcIXB^HY k ACTBgc D=J>@DZIKACA:E _ S T >I[AC? > c u ^:> BaT I1Q3^ n 66_I[Q DX' ^HI[kw>v
E>ACcb B{eÎ[LB
c B
D>>N` c ^BN:?1Y IKACACT ?@?FI[?D#? AC`^:BAHEGY J D@c D`Bc ACYDF>BicT JBI[Y ? j
TBT IV^ A ?b c ?Kc D QBbXn > T6T n{I#AHQ> LgucAHD#) > TaLi] ` IKS D_T^] eAHc Esev c B]ibXY^
T ^ AC^ cBgBc J DXY kST S B
I[Ed?~ E
Liu L
IKN_^_we EGAHc D@B] Y c `BY
D T v AHT EdEI[?B^:kI[>tI[>8DZAHQE S n >@68Ix Q AW N> ^ c S DtB> Y T IbXcBgkACI> ^CS k?@ITc^HDtk >Fb IKÂe_ T I[I[B ?
>@AC^?FItD@IKBJ I[Sh:I[_?IS eBI[Y B S ACc B?J
> IKTJ c D c B u b u >^T ?FEsIJ_wv[îekl^]i?#AC> B
T NAC>1^Ck[?Fv"IKACkI[DFêB AHEd> I[T DKI QXbXn 6 c D@gI Q
0^B{ÊU? Nb A^ke^
Î[EB3` L ACS?FI>=I[AChL{IVEUBMI>FAfÊdIKEdACIK?FA:BJIKJACDFe>@?ZA8AHNB ` c ACB BgJu > Tu >@c DZ^yv eb AH^j?@IKEsJv TBc ê >
AA1EdDFÊsA8B{hI[ItEdNt^H]k"EsJ|A_I[ID c ?@bXIc > AHT Bg^J/B{AHIBp DYeI[?8^:Q> n T 6KI[7? `Q D . c D@B>@IVI? `D T^^?=S JEGA JS BY T^:>#>@I[D?8c :> k^c B ?
>n T 6 I#Q D@IV;BS D@I[>#D#ACAH> ?@TIXc ]iDX^ ]b EdIKIVAC?Dk SS E?@ÌtAHAfBgJyN^ eS BAHD@Y>FI[DF>?S I[J|h:I[I[B
B>#A1eEdIKA8ACNf?FB]IK?@^:JRD@e>@?ACAC>FBI Q
Tc Bc eA:_[DFI[_Ê}k?^JBtACBi> T_I IXbXY?Fc ^> TS Bg> JT I1LgI? klS Êd?@I IX` AH> TBgI=JNDZ^ A8S N B` Y p W[bX`
4 c kIQ 4 ^HkQ ` Au >@b IKÂ:?F_ D T TI[c ? ] `
>e T S I[IDF>`X_. EsACDFEs]AJ
> NT v[IXQdpkI[nIV>X6 ^CQ k T. c D=B>@IK?@A:I[>_ ST ?@I[B ?Kcp DBY bXc klk?@IêAHBgJAJ{A^ cS EdNt?@B{DZI[AHN E S T >@II
TJ I[S ? >Nu c ^CB3k>> TT IIth ec ?FAC> BS B{^ I[S ?DKQX S n D@6 >yeQ ) I[B
D> c> ^:T BItIKeJv AC` B ?@I[bXeT I[êJ Lic YI[?D c BbXY/c > >T T AI
D@J ]ic I[AB
J
> I u u] c SB
>@] ^c Esv=> T ÎtL>Y:A ?@c^ BS DXBg> JT vIt^j
L{B>Z^ A b c BEdD IKJ
b YAHI >@bXI[? T` c I[_ hT I[BE c IVD@D û TACcB/JJ
^:IVLgBgIwv~
cT B IKA:TJ c Dt` ^>@? I8Ab _ IKT ACI[? ?8QTc Dn 6T {A Q c ? ) c BuLDF?Z> A S c J
J
IVD BO` >^:vy?eL?A8A N/c JyI ^c > BT IXI[?yEd^D _FT jtA8^h:BI > TT c ID
T_?FI ^ b u E Bc I[D^Hk ACT{DFEUc IVD I[]gT I8v Ac J*B3i>> TT IIDh S c EdBEGAHeYIS QD@>Xn:nB9I[h:Q I[?tW k1DF>I[T>1I^?#D S ? Bc D@I D T bX^ TS c EGEUJ I
66
?c BOc D@>FIfI[B
^> ?1c ^D@BiI[AC> EdEdbXNT^:c Ed? I S T B I c B
c >FDI[D@B
Ed> I[c I[^] Bgc AHB{EdY EUN ` `:LiT I I1c D > T uAH> EUT EiACk>ACD@T >#IJ ^HS ? c I[BBiYyJ
IK> TJIv
u
u
E]gc BIVIVIwD?|k^:u >D@?@vEde I[JIV]A8u Nc> BT ` YOAHe v >Z`gvS bX>@]i>FT{I[I[Bgc? EdcACI1BBiY> _T I Iò> T Dc D1SI B/>Z, A D@A8c IVB
h >@>@c D1>@I8? J/^c v[?L
Q?N/c nD@Y:I[n ?@D 6 IK` Q AHAC>Bg0 YJ/^S? J|c EdT Ô>KIIVQD#bXn:BnT ^:n{^ > Q
c] BEsS YA? _cLgI `^:IK> Je T SLO> >@NbX>FI[c D E? cc c ]Y B]T Y>@c BD > Y T bXI/bc > ]AHT >@?FI[I[A/?DZ_w`_? ^T c BiLgI_I8I[JD B
T >@AC>@?EdIwACE#|>@>JI8J3A Ac _[EUe N _w^c b Bg?ZJ J^c ?@B{cD BY3Tc AM]>@^] J S> S T ?@?II ~
?ACS B
EdN
I> Q/Tc n:Bn Y x uQ EUI8W AkJ Ac BbYt^:>FÔev AHT B/AC]^?] c AMBIVeD@D AC` B EdI[> ^Ck#TcEde^ b J _[c E ACc Y:DF>@I[IB
>@]gEdNtIV?]k^:?A?@e _F~
>T c IKD@AHI ?@c> > ` ACBgD J|D#b I[]EdEdEaIKAHACDD S u ?FACIB
QNn:^:nC>gT Q I[u?X, ]iÎ[e?FeIJ
c >@I8>F_IKEsJAC?@A:If_>Z> vT AHc B >Zv=bX> TT{cI_ T_ TTc Ic Dk
Yb ^
I8ÂCJEd> Ta_^:` Bu ^D c > DFT >@DI[?Fc DtB ]u Es> AT _ItI Ac >_[v Sc Bc D c u> > c T^BI^HY:kw?Zv=AH> DFc}] c _[? AHc >> Sc ÂHB E*e^Ck[I[v? c J|>I[AHD cBg?@JI
u
u
u
DACAc Bg_[> cJ ^:SBc D> ^CcT > kwIc v"ÂBD@_[] ^C c ?k[Scv c> D S b c >AHIKc Eg^:AHeB/EU> TI[^C? k[c AHv>EdÂHb BEUIK^:I AHBEdc I > D1Ta` >AC` T BgIJ^> _ Tu T^:I[c > ?@IT DkXI[v Y?FcDX^
B ^DZJA8>NTT >II[T ?FAIAC_V>=u >LiS{T Ic I ~~
EdAC^ Y:b Yv[?@IV:YOL ACS >F>XI> ^HT k I u > u T _^:^?@DF?FIKIKv_> >ZT v?@J
IVIIK_Qc Dnc n ^:7 B Q c $XDXT > TIXAC>@>IKA:c >X_ T _I[^? B{` D > c T D@>FI=D#k^CACko> T > I[T ? I `
>bXT c I> T eJ ^c >DF?@T I[I[DF? ]g` IKAC_wBi> `J3I[ACDF]gBIKIV_ cEGAHJ|EdI[EU?NL{L
?@N^> A T I[; ?y?Ae T S eD@>1ACBgBA ^:` >> TLiÎS >FY ?@T IKAH^:>@IKBJ I
Lg> T II Y:c ?ec I[AHh:Y^ IoS ^CDFkEUN; ^H?AT I[BieJ
ACIKB J ` > u TL
I=N/k> ACT > IVT eI[?ov[> QT n:I nc eQ AC$XY:I\T ^HIyk >@ I8?ZAAC_ YT cI[]g? ACc> D c
u
IKn>ACn:T ?FIX> Q TaEd$X`^?ZTACJfBiAH>o^CJk*>@AH?@_^ B?@SIKAHuLI[>@EdEsIKI J
JRI[u AH?ZLgvBgI Jfc k B{S ]gYEdEoADZvc LBg` ?Fv> ^T bX> IXT TI[ec ?_ ^:T > > T >T TI IVIX?\c e]g> T AHAHI ?@YI[c I1B
e>@^CDAHkXYS ÎBgB^HJ|IVkgI[D@>?@I[TY:E}kZÎ Q
Î[hBIV>B T c ItBL A c ?FT
> S T Bi^CJ
k ?@IKu Jy> T N:I IKc ?ZACvX?FDK_ QTcn:EsnJ
?@IVQ B ' ` I[_[> AHT{Bc Be^:>XAHELgb IA8_wN
^D\eJ|^]iI[bXBT DACAC>F> IKc J D
TACu > Y:c TD?@Î[>FDFIKIKIAHAL_ ?@TEdI ItIVb ?K>@AC^?bXJ
> TDT I[^:bXBD@IT{> c T u _ > ^T b DFvyI^
Av#> S T AHD@?@Bg>@IVIVJ/I? c ACAC> Ec?FbI[I#D A8]N
u EdNDIKAHc uI[D@bXEsIKJJT v[AC`{Q>T nI#en:^:A8LNQ >ZA ]. c EdBLgIKDAHIKD@J AHIKcEdv~ E
I[^CBgk[v\_IXA S >F^D@>Fb I[AH? c?Z>J
N*Do:> EUTIV>^DFTIXc e> T ?FBI[^:I >c ]iDI[J
?IKk^:_Es?@AHez?@IK^Jy> T>FÎ[?LieI=>I[T ? cIX>F^Li? I[c D@^ > S uD\klA:^?@_e>@D
bXLgIc > T> T ^ IS >> T> T ?FI[I Ic ?#b ]iÎ[?F?FeEGJ|Dc D@` D c> ^:T BaI[NQon > xT 9 IQ > 0 T ^:?@?I[I > T u I[]N/? c ACBg?F_ Itc ]gJ
AHIKEs_v1EsAC^?F?IKJ
JI[?@>FD ^ `
>n T x{IV6 NQ >$XT T IIy> kT AC?@> I[T I/I[? "` IKkJ^:AC?@D@D ^
` ^:AH> BgTaJ`c > DT DFI[>ZN3AH>@> IKT J I>F> ^/T ?FLgI[II/> DT AI_?FPtIKJ AH? T ?@AHI[]
D8~ Q
>LACT >EdIN
I QA )#n Tx ?FA8n{I h`Q AH> % BT cII NOA ebXT^:^>?@TIB{1IV?#I[> YT> EdT cIKD_I>F>FDtq? c BAHAj
^:J(>D T^H> c kTBgÂH DFY?@IBI[Dc> ` T c L ?FDI[S I e>t` >û T DFI[>IhI[h:>@B3I8I[ABA_ I[kT ?>@I[A8IV??~
Tb I ^:?@T EsJ
ACDDAHLiBgIKJ_^:` e?ZA:IKJvc ACA B
T> ^ c S B(D@I LiT ^|^J|EsJ
N3I[?E c `XjI/bXc A EUEXY_^^:J Bg`= S T I[I ?bX> Tc EdI/EXI[> BKT ?@^CI[NI
L> TE c c D@D D u c BB I[T> T I8I[A8?Zhv I[Bab QX^n ?@xEsJ x ` Q L
; N N T T ^^BB{^ ^ S S ? ? c c BB{Y Y TTcc DXDyekAH^> T> T IV?I[? > T T ItI/Y
e A cc BJ:D~
J
; Ed?I#A DFT ] eT ACI[?FBaI Q*` n L x S g>XQ L
) NEdEO^J LiS IK> J c I[c I[D BgT _wA8Ith>@I"^ LgTI[cIVD=Bt>@k IKS A:E _ T EUEdI[IK?#J> L
T N I Tb c ê ?FEGbXJRT ^C^ k
TACEdÊCB{? ^c >FS I[?FDoD?@>I[T eÂDFIc BX> kT ? ?@SIVc I>@EdI[L DFDKS Qo>n >Fx^ 7 TQ c )e DbXEd^T B^ Y#T AH^DaB{> ^T S ^?FD@DI">> TT I[?FI[eIE Bc hÎ> ``
D@u êI[Ed^? Bc >@Y^:? Edc I[^ > S DTc A:e_>@DBv[^:*> EdI[u > c BgTJ
c IVe]gI[AHBiE J
b I[A8B
N
>@DXEdND@v1I[?F]ihI[I?k> ^:T ?@I[ee ÀCB
?@IN/w^ ^c >_ Tc BI[Y?
%D@u >FI[I1^B
> D J
T T^ ACIbXEdE eT c B
AHA8k> N^c?F]gDezvI[?AH>kY^T ?F?FI[I[e eIKACc^CL{B koEUItI[> ThAHIV^Bg?@S JN
Y > LiT TI[> c BBìIYb ^> _ T?c ACJ ACE `> u^bX>@?t^c > J
>T IVT IK>I[JT eI kvVc ^?#Q\?_n ^> x T B
{I ~ Q
DZAHjI#^Hka> T IBI> b ^:?@EsJ*Qon x {Q ; N u T ^B^ S ? c BY
vo> T IVD@It> T ?@I[I
cBgACDEdAHEi_>@>EdI#IKT ACJ AH?FS >EU>N1^ N

S> QaT Y n I T x >=Tc>@Q Y ^y%T LgIVI D@It>bXJ
JT ^:S ^B>I#]iN `^L
I[DFNhD@I[I[eDF?FD@NACI[BD=^:`C>kTAc DXcIV> ? AT _[u _weA^_A8e>vN]{c ?@DE IKc DA_TI D cIKSh:J*I#Li:^] > ?TS J AH?@c I>~
EdI[IKh:ACI[?FBB c kB?@^:Y1eI[h> IVT BIfk?FEU^ ^b eI[DFA> èACACBiByJ^CAHk*BEd^ Ib gIV_?IVEU_[EdI[ACB
DF>@> I bX` > c klT I#I I[T{h:c I[Y BT I[kDF?F>êEsA b A
LgI[h:AHI[D@BIokkAH?Feêc EdNOAfQ_n T{x c {EsJyQ & Y:ÔhÎVB1JkA?@J
^:e-h c _]iI ^ ` c I[DFhÎVB1BBklIK?@_^>eAC?oAeklA8ÔNXI Liu AfI>EdI[ACD@jDFIV^B B `
cYBg^:v"EsJ*YQ\^
nH^J9 _Q ^:& BggJ _S IV_EU> EdI[` B
AC> BgJRbXc I[hhI[IVD B` EUklI8?@AC^?@eB c B{ACYB ` c ue> T ] IS ?@j
I Bû D b S EdLIKDFJ|>ZYACI#Bi_^HIKkwvv
>ACT ?F>@IDEsA ebtA8` Nu > LiT IIyA:? S _[EUIVSDc ?@^HIKkwJv]k?@S ^:? ec >N AH` B
YNO^
Li^^J/J
AN
J
Qh c nC_ I 6` Q AHBgW J> hc ACD? ]c ^ ?@S IwD~
DZu >_wT? c IyLgI8JIKJ> A:T vXAC> kl?@c^B e> c ^:eBI[I D1bX^HT k^ J cc DFD1>@?@BIV^D@>1D A u A; DF?Z> A S T J
eIVBOAH>BgvtAe*ACA8BiNJEdIK> TAH?@AHB >
TACD"I1> D T T I ACEdc EBbDF>@AC? EdS jy_> Lgc Î TByc BgEsACJDF>@ACDKBgQJRnHOD@n{I[?FQ h% I I u D bXS T _ T^yJ
AI[v"D >@c IK?FI[A:D _ T c BgI[?_^:` eACD=]gEdAH^?ZBA8Y ~
Lc B EdIXu >LT E cI D@D T ^ u c S B D@IT IK^CA8k[h:vI[A1BgvoB^:D TB
AC~ ; EdEi?ZBA ^T >=eJ AHb B IVc _[EUE*ACJE
S>FIK? Ac B_ TY I[T? c` D BbX^?T ^:bXEdIXc > TE c kAI
)E; c k?ZB{I A YOTc ACBeD8Q> ACT nCBiI1 A x>@IKbXQ A:T;_ ^T S I[> J
?K^
cp kD I[uD1T At^ BSDF^:> D@>#S I J
`j
IVTBBOI1^ >b vXe J
>S TI[DFDI >c ?FJbXI[c D#TE c ^:Y:>FÊUI[IfB
]i>@ACEdNyIKD@JD D@AI[T{?Fc AChD BgI bXJTT >c ^:e T EUII `
SD@IVB
?@> hc IVE D T TI c cDD=>FkIK?FAI[_ IKT JIV?k?F> ^c eEdE> > T TI#c DXJ Lgc D@^D@^:J
E N
S Q> cnC^:Bfg^CQ k )Tc ; D?LgA ^T J
eN AC` ?FBgIKA A_bXT T I[^D
kj
^:B?@^ > bT
bXDtc >> TT I> T DI=A_I[?F>@IKIVJ?@BgEGAHA Eb ee AHBS D D@c >1^B1B^:^H>tk ; ]??FAI[D@T I[eB
>ACBaAHQ*BOnHN Y7 cQ k>1% >FI ^ bXTT c ^ D
>@]iI8I[A?@_e T cI[DF?D c Li^BIk^:^C?@k I Tu c > DyT I >@IK,A:_ACT eI[?A8`hACT ?FI >ZACc BiDAACv[Li^L SS >> >FbX^T I[>ZBACj:òIbX> c >T T I > u T I ~
BgeAHAHEGv=BLiAAC_[>_wT^?Z` J EdI[c B{> YTc>@e^ T]c ?FD#ÂC_ LS c?@E I c >Nu Ay` nH]{O?@I[DFQ I[u B
>Zvcd kQr^v?XA > T ItI[Esh:J I[` BY:I[^?EsACJ L` EdAI
u
h_u )ÎVbtY]gI[` >I[ACA ?FL]gT EdIVI[^> D S?F` D@AHI u E*AH` D@BgA> JS ]gJ
> AHT
I[?ZB
S AC>ZDZDFv=v=Êe Y cACSh:BiDFI#J> ]`8DcEdkTIKAH^
TD I[c S DD ?F` >@ItI8ARA>@_^D@TIKTAHI[>c?XD=` J >@Y:c IK?ZI[A:AD _ `c BT D@I[IV` ?K?@hQXIVI hnCI[
TBgc vD Q
D@T^:c DB bXu ]c J
?F^^Cbth c `J
I8^J? T{T c ID Li, IKACvR] c I[BgBgJ{J
A ^ `b c BIKJ > T bXIc > DT ACeY^
IêJ(AC BS BACIVE ?c > cACI[DtD ` > T ^:I?
>@D@I8IV?@Ah_ IT I[> ?8T QIDZnHA:O_?@Q IKJ ,
T ?@^ I S ` EsD@J >ZAHBBg^:J Bc IBY ^Ck#u L
> NT I[JD@A8I/NvLiIACBiAHJyE c Dh:c I >@ò> c TB{IY ue J SS D@?>~
cbXBT Y#^/> T > IXT
S B Dtc Y ]gT AH>D@v D@` IVACD BgJfTc >DtT
ES c kD I ACB Dc D ATtT{DF> c SDoJ
E c IVkBOIQo> nCbX
c > TQ ^)S >t; ?ZLA ?FT IKeACj ACc BBiYA
TBc^:Do>XhLg^ I1btLi` ^?FIK?@AB/_ TAHYOIVDA c u B Akc >@BI[?=> TJ
c IKD ACb> T ^v?FEG> JT Q I T{c Y T I[DF>ACLi^J
IAHBgJ bXc EdE
WFW@Y
W v1> T I> T ?@I[II8JACD S BgJ
I[?A
u
6
X
$
T
b
S
c
Q

I
:
h
^
C
^
#
k
F
D
>
J
N

B
>@> I8c eA_ I T ` I[^?=?fe kS^D@?>A LgI SjI[AC]{?@>F>oI[k? ^` ?o^:> ? Tc S ?@>B
N:> ~c DEXc > T NI IKAHu ?@DFD> S` ^:J
?oIVBOk^>v? T T AHACE}Dkg> ]iT I[AH?>~
kJ IKS _wI >@EdN^?EdJ
IKI[AH??@B
> >1T >I T IV> Te?FI[QI n{Q IKu J) AHD DF` > S ^J|?I[>B
b >Zv ^ ` bX^:T ?^ I[T h:ACI[DtB-DF^:> S BJ I/c I8^:J BEdc N B `
bX>@IVc ?> T > ^T SIy>^?ZL{J|?@I[IK?1AHj ^Cc k BYT ^ > S T D@I I T u ^? EsS J
EUI[IV?FDDKQ ^Ck[x vQ DF% > S I J
bXIVBOT >F^ D Tc c DX] k` AHeD T ^ ACS EdE#D=I[kB|^?~
Tû > Sc TD ?@IIKT J D@I[`>F? ? cD c>Zc _AH>@>t>Yc I]iB` I[Y?> k^:T ^BI/?FeA/"ACIK_wBiJ^ _A S I` _ T^Ck?Fk[^vACeBiT{Jc DtTAc J J
DS ^:k> ?@AHc BI[> IKDT J IVAH? BgbX` J c D > T TT ACACEdAD1E#Y
?FLiIKACI _?FI EGT AHc h^:BgI8B
J J ~ `
bX% cA8> h T c Bu Y> T LgI1AH]> ?FT I[I8D@J I[ìB
>XbX^Hc > kwT vAt> T _wIt^ b]gIVu?@AHe Bgc JyDFD >c ^T BI T^Ck^:BTI[c N:D#~>@e I8Ac _ T> S I[?F? IK` v[ACQ*BgiJ Q
]i? c I[>F?Ik^:^:?@B/e?@IKI[J> S A?@_[B _wc ^B{?ZY J cT B{^Y/e>@IK^/v ` > TAI> bX? S c _wEdII~Li> T Î ?FB, ACeeACA8BhDACT ?F>ZACACEdEoBieA ACu > ?FT ?@NI
6n
Au LibX^J c kc IEUNv^CkeI8AC ?FS j

ACDKEQ _V7 ACQ D@>F) I bXJACT e^ D@c I[DE IVbXBgT J
^ ^ b c DIKJB{I bXc > cT > I[T ?tAA S , D@] AHc] _ c c Bg^ JS A D
^> T BI> kT ACI> T eI[?8^p > D=T D I[c ?8J
p D=I `
D cc D=J
I ?@I8` _B^ê?=eLgIVI[EUBg^:J|BIKYJyDX>F>@^^y>> TbXI1c _DZIAH~eLg^:I=?@BkAHee I[c EdByNk^:^:B ?
bbXI8c > J
T Ed^|A _FjbXACc BgkI J` _wEdI[^> BK TS c YOeACE _[S AHB ?@Ic ^k S BaEdQEUNQA8h:W ^ B3c J_w^> TBIBI8>F_I[> Bc BY k^TEdEdc^ ebXDFc I[BE}Y k
kD ACT e IVI[c ] E c ` I[D Y` ?LiA c IB `> T Î[? Nu Î[h:> T I[I[??ZDFvf^/]Y?F^?FIK]iACI[> ?@`>N ^` ?t? Q c _ Tu c cdB Qrvj c B^:I BÌ T bX^?FTD@c I[_ D T `
Bu AHI[?@Y:IEUI8Li_^>@?FDBg> v T ` It^B{DAI _c ?FB IKJbXT? cc >@_ I[T D > ` T ^:I=BI IKc JB A bXc DaTB{c _ ^T >*BD@> ^S eJ c IKACJ EdI` ^_ TBcI EsJ
u >?FTI[B I
ebXTI[ce_ T LiI[AC?F?FD#I1^CD k[S v LbXI8T_c>#_ T>F^ T T A8I[heIy^:> ?@T? c T _Fj^ c J
T D A ` c ?1] T ^> B Tc > D T c D I`{Lgb ÎKJ
AHj
N B` I[> D@T D^D@^CI k
BTJ cÂCY>XDXI[DFeA1> c?FACÎK?FBJ ?@NS` I[BgAy] J{c eACEdI[B
]A >XcDFJ
eN I[` I[B ^:e? u LibXbXI[cT?> cT` >@BvI=^?@^?=IK?"J^LJ B{Esc IAD _FT bXjtTu EdT I[^ ]A cc?FD?Z^v DD@` cN
_FBQoj
^:Ed?XN Q ` ^' BBI[^:I > ?bXT{^:cT Be Î
IbXc >T T ^ IVc? DbXYOAHc > ?@T ? S BEU^^ S T DoA ^c ?? T u ÂCBD?F> IKT J Itu LiI[^|N:J|I[DZN|v v=` ^:?#Q >F4 Ô^:^?e ^BS IX_ TBiÀCBe^:I8?#J^:ABksI ~
>@BgI[AC?=eAI1_w^C^k#BDFA>@I[EdEd^ EsbAC> c _[^:AHB D@` >FAI ` >@?F^:I[?1I ^C` k#^:?AAe? c^ hS I[B
? >` A B{c ^B ?o` ^B{BÎX?1LiÎKBAHIy? c BgBAHY1e> TIKJI
ccA8BEUkN >FD@I[] J
?c I?FI[kA/IKD_wL >@>@IVc D ??@`=J ?@^:bX` ?KA/T Q ^ DF6KBg9 T ACQ ACj:D' I IVÀC> B3^:T?AHc e YA?@IVbD@IKEsIKA8ACJh:LI EdAI` kBBgI[^:eAC?eAH^:EdI IB` Ik> ?FT I[bXIXI T klu^?@Y^D@?IeA_BgLgIAHk êS J:EsI~v
YO^Ck[A v c >oT ^HA k\c ?XA ^% BAHe> T DZItALi^:^?J
^CNk\AHAHBgBJI[Ed^:I[B] T > AHT BOI > T` IKA1AeJ ` ^D@J
eIV?ZACACEd>FE*I >@IVu I[>S TaAH` BOAH> cBg>JN
D@u ^HAfk>teE A c ec J|LI[BgDKQv bX6:T 6 ^Q T ;"AHS DX>BA^]{L{??@S^>J
T IVI[BO? >` Be^:AC?XB ^BD T I ^ bXS TEsJ^DFBI#^:k>tAC> eT I[AH? ?@?Fc N D
BeÂ:>XJ
j
IKBva^ AHb BB AH` ]> ]iT ^ ?Fc ^ B
S >@YIKJyT JkIKA AHS ?XY EUT IV>@D@I[> ? u u c ACBBg>J T cI1Bk>^:T ?@IXeEsI[AC?#>@>F_[I[AC?ZDFvItEUIVD D@T > Itu LgT II
DLgT ^:^ ?@SB/EsJe_I[^:B eu bXe c c h>IVvDZD vXc Ba^HQ k6IKn{ QS AH0 E^?X_VAC> D@T >FII AH?@?@DFIt>#?FeIK_AC^:?@e? c eACYIVIXBg^HJ
k\IKJ*> bXiLc _S I>~
k> ^T ?I> kT^^:EdEdD@^ I bXbXc BT YX^klI[> eT ?@AH^ EUSIVDY ` T u _ J
T I[^D DFc ?FI[IBgvX]A:?@^_[__ÎVIK?JJ c Bu >FYy^>@^te> ACT ?FI?@N/u J ACc Y
?@AI8_c Bg>Zvv
^_Es?ACJ
?FI[IK? J u >^CT kXAH> >T IA _[,
AHS D@J
>FI[?DZA v ` b AC^:?@eIAHeBÂHDF>EU^:ACB]{I ]u ?@_V^CACh:BIKJ*LiQ IKvy68x > QT I W > bXc c DkIJ
^CI~k
AA ,
c SDFNOJ
A ?ZA` `> T D ^:T D@IIyAC> Bgb J^ÂCB{BgIJ^H^k B{TIc D1^Hk ^ bTc BD#^_[ACb DFB>@I _[ACu > DFT >@II ubX> Tc hI I[DbXv1c h^CkXI[DA v
^CbXkac hA1I[#DvD T^HkAC>FA ? c ; NOA?A ` T > TeÂCD@BgIA{> QT ?F6 I[gIQ AH)BgJf,
S^BJ
IX?A ^Hkb T^:c eDoÂCbB Bc DX_[BAC^DF>@>=I eu > IVT B
I ~
>A c ^; B{?ZIKA JT eI[h:AHI[BgB A1c ^:B?AC^HB
kN Ayu #AHBgD T_ c ACI[>FB
? >Zc vNOA D@`>F^> T?FN^ S ACY D1T > T> T I I[uN E?@c DFh>ZI8v J bXc Bc kIy> T ^CI k
uk^Y:Ed?@EdIKN AH`
>@b I[DFIK>ZJ vybXJ cc D@h>@I[?FDI[D@^CD8kQ > T 6KIy7 Q EU^ $Xb bXu c ,|_SI~J
Lg?Z^:A:?@v1B3_[ACeDF>@I[I B ` bXD@^
T ^^ B òJ
c BI[Y> ?T AI J
c I ?
>6 T {I Q c ?) kAC_[e _^:c ?ZE cJ I[c DXBACY(Bi>FJ/^ > T) I >Fc ? ?tc _ ACT{Bic EsJJ
?F>FI[^ B/u>FPtÂ > ST >ZIyACD@e>ZAHA>@vfIy> ^CT k I,|DFS ^J
B?ZAH^CDKk Q
5_[AC>DFAC> > ` T AN
_[A _`:^:T ?ZIJ c bXBYT ^ >@^ b I8, J
A DS BiA AC,
jS AJ
^:?AB3b > T ^:IeL AHcB?@> LgT IK_w^H^keA/IVD#DFÂCB B` ^ AHS Bg>J ~
AA _[u_w,
^S?ZJ J
c ?B{AY/klI[>@e^ AH;EUTI `? c ACY EdS^BT I8I v[Q bX6 T {^ Q T)ACD ; ?Zu eA T ACeEdIKAHvBg^CA *bXD@]T ? ^c B>Y/ACj:kl?@I[^Dte A
c,
; k S ?T AJ
IT?AeLgbXI[ACY:Bgc klI[A{I>@Q D>F^ 6A{T{_Q c TD1$Xc EsLiJT IKIJ L
`NebXACT c B{IVEUE ?I[D`=u A8T ACkIBi>FI[JbX?t>cJ
EUT E=IKIACEd>^YT DFÎv1J
D>D cT B{bXIj c ?ZEdcEAHBOBB>F^j^>yT^CIKI[ktAHEdEA >
>T T Î B{^ u S ^C?*I[^C? kc B{> YT DZIvRY:^C^ktJ
D> T` AC^C>k=> eT IyAHB ebXAHBT I[^D ` ]iACI[Bg?kJM^?F^CekDY S > I[T D@I/>FD? c_ >@TIVc D I c BN
bXc > T A u ,
S J
?A bXc kIp DZvACDFD c D@>ACBg_I ` ACBgJMD S _ T u AeACBgv bXc EdE
B^Ck^:>XA Y,
^S J|>@^ ?ZAT p DXIKA8E ch]I[D B`:Q bX6 T {^ Q c 0 D^:>? A cTB
c >@e IKJRbXLOT N ^T J
I[? ?Xc BLj
?@D#I8AC> > T TI` eACBi^ J c D@bX> S T ?@Î
LiI[YI[>F:DAy:DF^:B^:B :T I[?`:CB^y I] c AC> c ^B c DX]?FI[DZ_w? c LgI8J*Q
u
u
ku ^:hEUAHEd?@^ n BgbX9 A:Qc vBYbX4 T{I^ cc b _Y T T E>]gc D@AHe>@?@IV>FAHBEU?@N? >@c DF^ AHIKY_ IS > ~?FT ? ItcIK>@vLiIVD I[LB?S I c D@Iw IKk >FJD#J
ACL
IVBgN(DZJR_>? ]gT c ]{ACI >?Fc>@kÊd^ NyBS ]?^H?@kw_[^vACJ DFS> >@T _wI[IID
I[? ch >Fc I/EgLi^C^k > ;T?Zc A BT > eT{cACD"B E c ku I#; AH?ABgT JeAAk>@v IV` ?> J
T I8AHAC>> T ^HQkn > T6 QI u Y$X^T J
I[D Nu ACq1?FIKA vc h> A:T v I `
>ACT >N
ACA>tv ^H` k> T > ACT >XI^H k\c > D T T{I c D ) u D) S ?@?D ACT D Auv ) ` D> ST ?ZACA>fv ^C` k > T AC?Z>=AH^CYOkoAC]i> T ACIt> c PtuAHBg?ACJ YOT AHAH]
?~~
h> T ACACD >tu Pt^HkAHBg> TJ IT AH ?@hc DZA:AHv j` AC> DT ACu> ^CA kgc D> ACT jIAvVQT ACnD n{T Q ACD+ACD Tuc #_ T AHjOc DfD T EGACA Db Ak v S ` EACkBg^J ?
IK^CA:k#_ I8T A_ _[T ACDFu>@? I c >@uIKhv AH` ?@AHBgEUA:E=v> T{AHcBgD J W1bXbXTc cEU_EXT J
IKAH_w?@EGIAH?@> IT I>@^ h cN?F^ > SS IV` DACD^:?tb kI[A EdSEEdAH>@DD
>n T x I Q c ?. Y:BÔI^JeACA8BgN/JRj
I[Bh ^ c Eib ?@IV> D T S ACEd>@>yD > bXT Ic > T ?@?@DFI[>DF]gD IKc _w>A:>F_[^t_^:> ?ZT J Ic B^HY/DF>F]^? c >BT YiI Q
u
k^> ^T ?S J
I?#I[#? EsACACDFj
k>^:D EdT kEU^ÂC?1bDAIKAJ ? c >@ACD I LiT ` ^CAHkh>@^:?IK?tcvfN
AAAC?@` IACA BiEsc ADFJ/NOb A> k TS AHIEoBgkDJ^:AC?teA A I#,
;klS ^ J
?ZS A?? AT ` QeIgnCAH_iBgI[QA ]` >$X>c BTT YII
DZ^CAHk\YA I[DX; DF?>ZA AHT >@eI1AC> TBgAHA >` ^> TBII ` > ?@T DFI>kl^ ACS j
?XD ACT ?FAHIDZA AH]u ?]c ?F>@^CI hc IKBJ > Tu c I1B_[> ACT DFIIKv=_[AH^CD@k\IKAv
ACBiD J/T AH^H>@k? c AN
A ,
` S ACJ
Bg?ZJRA{Q> T n I 7 )Q D ;"S S ?ZA> cu B/e>ACT ?@IV? cD@ACI YIu W cBBD@> > c T > SAH>Z>Fv"I[Dt^Cka^Ck=At> =T AIc D@DN
A8A ~
ke_S ?FIKSEaJDFAH>BgEsAJB{b I[> hvb I[> ?y^ T ?@LiS IVIBItEsAS ^Cb DFkIKk >J*S T QEI >n: T hI Q I 0u EsA ÂCc ?tDFDZ>ZAHvXjADAHT ?@AHItAHBg>@J
J? cIKN
_> ACTEsAHDyI ?@IK> ) TJD ^:S>FD@^?IA LgLguIfI? klc EG^>FA I[?@b DZIwv~~
ebXT IVI[BO> > T c Î[B?IKD@JRI[]g> AHb ?ZÂH>@? I1c >@Î[?=D ` e > T c IIKPtJ ` ACACBg?FJ I#T ]iACI[?F?@he Ac AH>FBg>@IKJJR> L
T NI>T ACI1j
DZD A:T _AC?@DZI8A J `
>@u ?bXAc J > Tc > c _^:^:BaD@QX>FEUnN{YOQ AC$X?FeT ItI[B
Y >Fc DZkl>Xv#^CAHkBgJAJT A^SBY^ TS >F? I[c B? `Y Au kT >@IVIV??tJ
L
IKN_Fj]{c ?@BI[YDFI[TB
I[>@D?
^C_^:kBgJI bS _I[> EdDZ`
v bX` T >@^^3e Au e> T AHIBkAHEdIK> TACI[?FB?v IKJ T{c ceBD@I[> TE}k Ic BOh IKc >@J{IVAD `:ACc BgD=J_[AC^CEdEdkIKJY:^
> ^|T J I
;J
IK?Z_FA j:T IKeJ AybX? c c > >FT IQ^:?@n:BgAHQ e$XI[T B
I>FD Y ` c >Fk>#^^HAk]A? Jc IVA D@S> Y bXT >FT I[^? J bXS T Ed^N/T^ ACD_ Lgc ACI[>FIVI[B D
AC_[AH>XEUA1E
> DT AI#_? q1c A _c IhÀXJ ? Sc >F? Ic QoBYtn> Q T It+_T ^ IVS B ?@D@u I1> T ^HI=k kc >FAHD> T ]iIVI[?Z?vk^Y ?Fc ehIVACDBiA _b I A8` N > T TI[c N D
LJACBi?A c SJJ|Y I[AT Y>@?FL IVÔ?S ^:Ede AE_V^:` _?tkl^^?>? J b cu B^> TY]gIX>@A k^c S ?@>ED T ` EUI1e> T ? I[SACB
>EdI>ac` ^HD1A8kwBgklvo>@AH>I[eT ?XIXIK?FIKJDZ_A:I >_cT?@h IKI c JB) YyEsA ?FkbtD ?@T ^:` AeA1? _>c ^ >FT bII Q
xA9J{QJ
?@$XI[DFT D@IyIKJ Y c u k> >#T ^HIk_A^ S J]{A EUS I8Yv T bX>@I[c > ? T u LO> T N ItT >@IVI?1> kAC` > p T2 I[A8?vNALgk^:>@IV> T? T ^HIkNT ^ AHS D
]iu >FI[^?k> ^:T ?@I1eL?>Fc^J
YI[IVY> ?FT ^
I[^?eNv ^ `
S c ?D#_[J ACS Ed>EdIKc IVJ D `c pXBAC> BgT J I , T eACD? c D> T c ^ > bT I B T ?ÂCB{YOÂHS]
?~
ACA8kl>>@N
I[AX? ? T c >FA8Ih Q c BxY6 Q Y +c hIVT BI[B ACDtu > Te IXS L_ ?Tc J
b IVIKYAH?@^
Ed> ^:T eACviD ?@I8T _II c _[hAHI[BD=A#Ae^:A?ZJc J
` I[>@B ^ `
>^ T b IB j bXc Bc EdD@E e` > I[T B3AC>ACBgc DJ _V>FACÊdEdIK> TJ/I> T L{I ? c J
) I D S T ?ZI[A?@DF? I[c E}>Fk I` Q Ax_[_wn^Q ?ZJ$Xc TB{IyYh>F^:^ E S TB
c D~
>ZLiAHIK?@v1N > S T B Ic ^PtBAC^HBgk\J A1T ACe?FhA Ac J
? I[c B>FI ACàBgbXJ T{T c _ IVT ?EdD@^C]h? IVc B?Y^D1BIkl?@eêS D@>"J|I[jOD B{c ?@^ Ib ACu Bg>FJ^
TACL*AHD#J S D@Iw_w> c S ÂCBE ^Hc BOk>FA/I[?Z_we^ SA c?FJ
D@IyI[Bk^:kl??@^c e >@DT] IVS ? ?@]iT ^^:DFeIQ I `xx bXQ T$Xc EdIT ItD T klÎ?Z__c? L{c I[EUDI
^b S ^ >S BgACJ|BgIKJ Jb ACI[BgI[J ]{D u ` > T AIk>@c ?IV? T u^ T S IVDF?I[DZj vfc BLD@?Fe^jI[IVBgB3v ^T ]iA8hI[BI`Lic I[DI[B3_[AHEUDFEdEsIKA J c B> T ^:I?
6Kx
#AAHY jOc ?@D E T ACbXDT A^ ? cc >FDIDFQ EdI[xI[]gcQ BY +òTc B

IV>FB ^8 u c A_[AHe>@IKAHJ Bg` v1^L
?NJ c D@DF>FÎK?ACJ
EdI[> T?@I8J DFIKcJ B S _wc I[B
D ~
>@^CI[kEdEd> IKT _I > ` > c T DAHAC>jACc D8D#Q > Tx:It7 Q I c $XY TT >IyTaY ` c >kT>#It^HkeJÂ DFS >XY LgT AC>@DFI[I?FDAHAHBgeJ^:D Bc B
Y k S ; Eo?? A c T>FI~
e^Ck[AHv Bgb ACACD >Fc I[Do?Ke
L ^:S D@>>\cAHB]]> T ?F^CI1h_[IKACJ DF` I#u ^Hc k kc ^:> > c T DoI[]?X?F_[IKAH_IKD@>@J|IVIKD Jv"u c >oLON eu A8ANtE Lic LiIXAC]g> c IV^:?B ~
k^?FeIK:J{vo:L
N :u >T :ItI:C]?F:I[D@D c ^B/^Hkwv"e S > S AHE_w^BDFI[B
>KQ
J^C
kgIK_> EsTx AHI[?@DFQI IXbX'*ecT D@ACAC>F?FI[>? Bc ACS Y:BACI^ E~b c ? >c N >@>FI[^/T D8AHQ eDx ILg`QIVI[N$XB/I T ACI=; DZ?ZD@_w^:A ? TBc Lge^HI8kJAHABgL
ACbXN D c `g2kIbXACb T{B cIKS EdJI >FJ|^tW IKJkIKS A:AEd_ Ed_FT N ~
_A^_?>FDJ ` c BE Yc Li>@I[^?ZAH>>@TI[DfI k; ?F^?AeT eD c AB3? >Fc I[>FBI `*AHc kBg_T I[IDF>@]i^:I[?@?D kl` ^>F?@I[eBD1J
eI[DZI[_w? I[c >FBg^J? AHc ^ BOS >FDD
bXD@ACI[Bgc h:kJ II[B`[Tb c AHeIKBgJD@_J|IVI[EIKDFkX>@J^:ACA:?@D1DX_[_> ACT^:Bg?ZIyJyJ >c DFbBI[YI[hB
I[>@>^#BN> ~J
T I[IX?FDD@_q>KI[Q BgA cJx hAHAB
Q ? >@c D$X>F` I T >` IT E c IjDFÎ D@BbX^:Bc LiDFI^C^k\?@u BDZA A8bXh:^CI[kXc DZkAIv
eDZ_IVAHBg?@?J c cIKBJYtL
E Nc B> I[T DI v ` ) AC?@BgD JfT A#> T ? Ic >@ID@^:> BT ?@^HI[kI A u c bXB1c >kTI=IeAHAHDZ?@_? I[c BiI8JtJ c L
BNtY>AHT BgI#Jt? J
c >FII~
^CekaAH1?@? A c AHuY I[?ZD AH` YOu ACI[]iB ACS >ec voI[D?ZcAH >@IKu Jc BvID Sc > _VT _IVI[?D@D E cc hBI[IKEdvVN Q `*x bXTQ c 0_ T ?F^LiezI[Y > c T B IbXk^ c S> T ?
>> TT IIf;?ZIKAJT AeAHAfBgJ ? c >@T If^:BD@]^ ?S c ?FB{IKYJD@L
^NB{D > ` T ?I AJ,
cc DAHT BO>> ACbXD c u > YT ^
^j
JB^ eb I[EdIKBiJ|v[YQ=I1 ^C9 k Q
]ge& ^:BgI[D@J
B
DF^>FI[DbD@D J|cACB{IKDY J > bT bXI[IKc N>ACT Ed> J
T >I[T D ACcI/?FBiI3J S ACkACBgACE eJc > c I LgI[` DI ^:c ^HB{LkY>ZA LiceIKB A c^:BS D@Y/>>NAC? cDyAHY BgT eJ>@I[AC^YB
S^
N^D Ì[J
BKB> wTI[^CDFI[ND N ~ `
bXu k^c EUS E?ZE vc h:LIEsAHA eT
ACS L{BgEUIoJ|?@eIKJ AC?@N:? cIKACACY?FIVDKD\QyDF ]6 ? cQ BY1;"SDF^>1BklD ?@^bXeT ^> T ACI?FI#?@_IV?eS AIVEc B AHc BgBJY
D@EsA]ib IKACQ#j:
I[n?@D1Q ^HW kBS > BOT >FI? S L{> EGTaAHe`*bXI[EdT I[^ DFD#T eAC>FACIt?@? > c T ACItYIVDXIKLJEsAACeACBgIVJMEUIVD@> DT Iy_ TDZc A:EsJ
_?@?FIKI[JB
D@^CAC]k#?FIX? ec LgBACYO^:?@vV?@? B
c ÂC>FBY^tI8I1ev[DQ T IVB^ S xÈscQ JBy$X>LT EsT ACI[IMe?FI_wkACI[^L?@?FEdI[II eA8u êhB
^ AHNc J?@? ^Cc> k\AHT YwII[^ DL{c BvEGAHc LBeEsY/ACAHe>LT AHEdII LEdu TIkÂCu ?FBg^HegJ|DD~
cu DhAH]?@?FBgI[A:DZ_wv[? ic Lgj
BI8J^ b k^:> ? T u ACe>1AC> ?@T ? Itc ACkY^:IVEdDEU^ bXbXcc >BT Yyv ? b S ÊUI eu I[AHB]]^HEk\c I[IKDZ vS >FAH^ E\_[b AHIKD@J:>@I ~
Jec BAH?@Y?@D N bXc Bc YX> T AkeIVeACB1ACEd^HI[kDXA ^HTkc AY T J I[c ?*_[I[AC?FI[DFB
>@I#>A_VAC#D@D>FIT ACu >Fh? AHc NO?@BgAA:Lv[? Qc J
IgeQ .S D@B >
>Z,
AHS jJ
I ?AT ^kI[EsJe^HACEdkI=AC^CBka>ACT ?F?@I ^ T btI[èA^CkaA > cT DFINOARu L{L? ?c cJ
J
I[IyY:?@^C^
kÂe Y:p DÔvoAYOJ AH` ?@AHeBgI[J B
>KA Q
Lg7I cQ B{'YI[_> ^B{u > D@T >ZIAHB
TO>@S EdND@LgDZAHAHBg> cJD v# I8AHJ ]]bX?Fc Ô> AT_ T/T I[T{? c Du ACbXEd^:c BkI IKv[c B/T J I#S eIA8DFNyIKACACDFEd^D@B^ ``
kLgO^{I ?#cQ B{_w,
Y ^c BKc B
>@S I[>@I[I[YOB
B AC>=E u SJ{^BBA8NOc ]^DBEdIKAHAHBgu D^:Jc BBvY B ACcB
T Y NI[T ? >@J{` D A8ACu N|]{c Btv=]Iw?@IK^
{A:A_w_ TI[_ T]e> Tc BÎVYB
? > bX>T T cv >I `VT c BiA_ACE ?FJ|S hI[J ACD c Bc B?@D8YI Q
k> ^T S If?h Jc ?FA8> N
S D ^ bXS DT` c _ u T AC?FJ Ic _[IVAH?EdEUI8k?FJ^vXez> T > IT I#Bi?@ACIV> D@S >#?ZACACEoBiDFJIKACACDF?@Î1B _I[^CBk D Sb ?@Î8eJI[L
BaN Q
O> T{c Q ?F>@;"I[SI[B
>X> ACT eAC^:?FIBY#u J
> TIK_I[EsDFACI?FIK> JT I >@^y ?@LgD@>"I8vok^ k^:S ?@? L ` c > JT J|II[BaI[Ed
I[>hT IVBOI#> ?@T IVeAHBgA Jyc B > c TBIY
BAC?Fc YIT _w>@^DtBgAH_?@I Iyc h:?@IKIKJ _^:ACeBgJeJI[BgA SJ
YIKJT >@QIV?@
D1Q^B. > BT I > T S IBI[I[h:h:I[I[BB^B Bc Y I[TD8>@ D1T I[DF^BgB_ID
c]ABM?@e^J J ACS S B It_bXIKD@I8JT AC^tD@L
^:NJ
B/IVAD ^c ?@BYI[?@D=>I8T >@ACÎt>@IVTIV?hA8I[h:BSIXAHD@u BO^:B > Bc c Y D>TND >FT DZ^H^ vVkSQeEs
JyACACEdQ It]) ]D@IV?FeÔIKJA:AC_` EdTyIAT_ kTc I[D c eEsbXJ AHc kEdc IID
_A TT c EGI[J?@eLONfAC] > TT I=?F^]J ?@c IV>@hI1ACÊdI[?XBgAy_IXLg^H^CkgN> TACBgI=JkI[AyeY AHc Ed?@IE c ck k u uLiLi^^> > T T ACAC?F?FIKIKvov IKb S IKAHACEj `
^7?X9 Q J
I % I _ c I[bXB
T > ^/c BA8h ^ S c AHJ|B
D > cb >N^èAI[kB/A c ^:E S B?FIX> T ^CIk\_D ^:c Bg_kI[^:]?@L> c c ^JB J
IVu B?@I[D B S c YEd>@T D>@v[D Q
bXACu > BiTT J1cI_ ^T EsBtI[A h:b I I[c v1Y?1T e ^>a?ZS ^J|D@> I[>fT ? I[>ZT ?FACDIyj:`:Iec D I[A8uh:NyIKI[ B(E S c hAH> IET Q cIBy7{DF_6 eT Q ACAC4 D@Ed>Ed^RI[c >DFkNt>AC>>@Y:T^
?ZvaI[AH? >AXSbXDFc >>T SN ^J|kI[j
^:B
B? > ^ `:Tb c c B DD
>?@JS{IVA EGc SAH>NY> c T`*^>@cB{DtIVD ?KAibXkD@T ^:IV^ ?EUEd`KI[ARc ?fBte^C> TkACIB Tc ?*c bXDklT^^HEd^ Ed`N DF`]> ET ? c c?@hB^ IYiS ^:QY BtT 7 > n{TA8QhIAHD@;? I[c S]i_>yIAC`?Z> AH>T >@ACÎXjD@IV]I D?Fû ARe]iYI[AH?@?EU>A8I8N ~v
^C? c k AHbYI[^D e` AHI[BBgJ` u _I:EdQ ^Yi> QXT ACI[]D1]^C?Fk ^]b ? ^c eAC>@I[I8Bv=` > T_wÎteLie IKAHc D@>>@D1D c B^HkAHL BgS J ?ZJ
bXIVc B EdEa` D _[c ACB?j ~
cACB
B >@^ ) T?FD I[T EdEA Q b 7xIKJQ J , c ^:BeYI1prAX_[Y:AC?ZEdAHE*> > ST c I>N*_d^ p b u L ACS Bg>vaJ> >T T ACIt> Lc D S b EdE ?@u^:Y Bc YhIV` BgD c vXBgAC_I>
uu > T IT A_[_IV]S >ZAHT Bg_I^Ck[v#7 Ak+I[I T ` LiI c T >#DFeAHEUE*c ^:?#Y:?@IKAH> ìc DADACEdI
]u ^Hc ? Bkac AH>> >@T I I1AHu >kJ^:_[A ?oACDF> Y IKT v=I >@c >I[? T ?Sv[I QDFuIKY vogc k> Q >T v IXc YD?Z^:I[AHBB> EdS>Nc >A1IN >F?@u Î[Y Esj:c AChI[> I[BBgh^Hv I[ka`CDXc ?@>J
I[^tcDFDo]gBBIK^:_w^>>>AHACA]BiDZ]JAH?FEd^C^CI~k
j^ Sc Bg?@J
IKJBI[ACDFBgDoJ>@^ Ab J
AC^:?Z?@J|BDaIK>JRT L
INe> A T c I J
c I[?BkD8ACQ > T 7I[7 ?@Q D +` L^?Fe^> I[T B#I[?@e D `
S TOD@>*S D@LiLgI AHT Bg^:J
B
D ~ `
+LACBiS TJ> IVbXL?@I?FT ^bIV> ?@T ÎI[e?@> DTI[~ BI[c B
NAC~?@EsACAI ?FbtIT `^BbXB{^^ T> S ^T ?FIK^J
JB{I[D`^ c >S ?@T I?FI[IKu?FJ > I1`T >IBT c ^?XIX^DY:Ab ^|_J|Bg?FDIKv J AHb ?@?I[IXcE}>@k]IAHEd?@IKNIAHcQ D@I[IK7EsJ
J*{D Q
k?@ACAHI ?FebIAHB{c Ed?Z^NJ
> D8DFS Q^
B ^7 TB ACQ bX]{+]OT Nf^:T EUI[I[EdNyh?FIXI[]g?o> IVT]? I"c?FD ^kT DFI[IV]geDKI[AC?FLDKEdIoQ S ?@>7 I[>EsACTQ > AC$Xc >"^T BkI AHDoeT E c^ hc SEdI N DFcI[bXBtDoT Y:Î[?B ?Fc II1bXk >` TT > c TI[_ NT I
k_ I[S e?FD@ACI Ed` I#]i?FI[I[?EsACc D > T c ^:B_^:D e` B]Êd>XI[>FLiI[IEdN c B` YAHD J Sc kEUN J
I[T DF^>@?@B{^C^ N:S IK?FJIKJ L
` N/]?@e^:BACY^ cS _HBgQ _I7 {A Q
T^% ?F^:IVBgBBgAC^ _eSIt? I[eB
b >@I[^D B èbX_I[EdT^B>^yT ^D@I[B IVD I[` T j AC^BgE u c > J JT A8Iu N
Jc ?XDA ^c AHB
b Bg>JNBgvv kI[kb ^
DFI[>^|E}c JkhAHACQ?@EdID `9 bXDQ T c W > ^BT S > Esu TJY AHc ACk>=>FE bDkACA8^HeRN
kwDv~
cbXEdN c k`{I bXbXT c I[> ?@TIyT > I[T ? I T
T
S S DFDFLgLgACACBiBgJ J `
Tc DAC]{]]EdIKc ACBDFI[IKD@J D bXbXc c Ed> ET/AHD@TD c S D ?@bXIKJ
c kEdIyNACLgBgI1JEsAC> DFT >I ~
cbXBc YgEdE\Q1B{ ^6 >Q AH0 >@^>@??Ac _k> > TT II[? bXTOc SkI D@Lgc D#AHBgB{J*^>#L ?SAJ> c cAHkXBOD> T bXI c >T T ACDtLiB{IKA ^MS AH>N>@>F` ?ZD AT _ZI ~
>?ZcA:^:J Bc DoACB
k^:> ? bXTc >c eT Li` B{IKA ^S _ >TN c ` EG>J|T ?@II[B bXbXT ^c EdEdEI LiT I#^ LiS D@Î ?FBac DoQoL?nc QY TW ka>KC> TL IS > bXc ckgkDI T c ID
ceDAHJ
?@I[? DFc > AHc Y> SI[D >@I#` L
^HN#k^:Lie IKA c S>@> >c N B` Y ACuEdE> T bXI"c Ed]gE|I[AH?]k^]i?FIKeAC?AHBgJ _c DFIe^HkwAHviEQDZA: _x ?@Q I8;JtNy? c >FEdÎ[bD `
L
>@^ Nb BACIV?YJ
EdD IK_; > c?ZB{A YT e> T AHI1BgD@AC> D S ` J
u NY:?@^CIKkoAH>Z> vT I1kAHe I8cJE cA I[` DXACD Bgc BJRj LONEd^ bc ?@?@QIVhCI[i?FQ I[Bg; _NI
uu ]{?ZA_w> c D c c BY
v T TACc BiJ c _?ZAk>@D `,
SLON ]iIK_ S B c AH?@N>@?ACB` DA_> cu ^BD ` c L
N
c_ BgLiS v=I[Ed> Y:_S I[^ ?@>@b I#> D AHB{`
BgYOT Jyv#^:_?@L
DFNtI[DEs>ZJ
ÀH?FjACI[Bgc B/BJY^_[BD@ACI[?F?F?h c c ACJ
_wY:I ?I[AySD `BgkI[L
J|eN I[?ACu Ed>AI[T D=j I1c^B{] BY S Ed`N ?FD S7L
c QN >=; ^C>@Ntkw?v=ADACAJ Y:_B?? cc Y ~~
c B_ Y c BuYy> T klÎy?Xk Se> IVS B ?@IS ?FB I b b ÂH?F?Z> J
T DfNk>F^:^?^CY:*^
I[^|?#J{Dv Ab_? ^c}?Fj
_DI[`DtkACACBie Jc E L
c I[ND `J
J
I[B
I N:~~
_;"c SI[B
>=> kACc Bye > c T E c II[Dou j
> T BAH^ >b AHEdIK?@J|I1Y? IXc _ ^CTk*c > BT IK> vT I1"IKj
JBA ^ `b EdSIKJ
c _FY:jOI#EdNt^Cka]i> I[T ? cI1D T QIKJA{`Q
>YT ?FIK^ ACS > Y ` T AC]gBg^:JD@DFA:I[_[D@ D Sc B{c ?@YI#E Y:c >@?@>FIKEdAHI >=b kIKACAHeEU> ITaQa` :AC?FIQ B+S ec > T LgIV> ?@T IKI1JtDZAHA:e_?@^:IKBJ Y > ?@T I I `
j_^:c Bg?ZJJ
cEdBIKJYyAH>@^y>>> TT II1bEsA I8b JJ > Tc BItY J
` ^:A eT I[^ DFS > DFc _#I T _w^:I[EG?@J|I[I[e?#^D B T c ACI[EdDXEiAC]gBiI[J?k^> ?FT eI Ah_ZI ~
uk^
Y:^?@IKJ*AHQo>Zv"DZQA:_)? c} T _^ IVS D D@` I ACT Bi^J EsJ
u I[bX? c T> T ACD > T ACh:>I#v DFT EGA IXS D Y T T AC>FEdI[E*?J~ T A ^c EdS NtD@_I[^
D û j ACD Tcc D>
b I[?@I ` h cU Q v> T I T IKAH?@> Ta` > T IY? c BiJ c BYC~D@>F^BI ` > T IL?FÔ^:e `
6
>T T I I1c ]iDyI[LgD@^>FEdS IBgAHJ BgJu bXec > ^T ?F>Z> AHT ? I` > kTI[>@I >FI[b ?@ACD>F^HI[?k#~hD cIVBgD@vVD@IVQE ` :L
N Q S W DB3c B^:Y ?ZJ
bXIVT?c _>FT^
D^CS k_VAC_EdI[E1D@D > c T hI[I[D@EdN/I Iu ] hcIKAHvR>@I > T u I> T Y:It?@^CIK*AH>I[BgD_wACI[YDtIVD_^TeA8e hI c >@>F]IK?@JyI[DL
_N? c LieIKJIKACB{k^:DZ?v
TDZA:^ _S ? D@c}I T _^:IVDKEsJ
Q/I[?@ D9 Q > T $ I/IKA:J_A Tc Edc N BY u ]iu I[AC?BikJ^:?@eD@> S ACJ
BgN_Ic B{^HYOkv >c DtT I > T IhIKDZvyA:_Y:? c}?@ IK_AHI >
u
u
_^[^HACLEdEsEdAHI[IK>?FJcIKv^JBvf$ >AH>@T ^?@]gI/;AHDZBg?ZA:AA _T ? >ec}T IAC_wI/B DZ` A^C> _w*T ? I[c}I ?@ I8_J(^CI *>@>@I[^^? c B> > T TY:I/DtI/^CYekÂCJ
b BD ACÌV>@D >IV` T ?>I TACBgI; JMACL E kcS ^
?F^H^B
ksJ >~
k?@I[IK? _wc I[B{]Y3> c ^:> T B/AC^C>ko^HY S IVI[?@DFIK>@JD> >FT ^3It> ^HT I IV? ;"c BT
YS >Z>@AH^yD e` ACIVBaBiQJ( > 6 T Q I % T I ^:bXD@] T c >ZÂHBLIEdI~
Y]gEdIVIK?_k>F^:DX?@eB^>X> T > I[T eI[DFv I `c DfhI1B^Y:>1?@IK>ZAHA >Xc BODZ>FAIK_wJ ? c} L
_NI[D > ìT bXITD cc BEUI D T u I _^:c eDXACe LcEd>FI >@IKu >FJ^ v
cc BtB>> TT I I u ^h?IXJ
]I[Es?#A^H_wI[kwDov ^CT k*^ D@S EsD@A I S Y u ~ T T >@^:I[Es? J
` I[> ?@T D^ v[S Q=Y TynQT I#;"_S ^:> BT D@I>ACbXB
>@T Ed^NtEJ
c ^
hI[IVDD
Bc D^Li>"^ kI[S I8BiJJ> >@T ^yIVD@eI A c BOh>I A ` c > B T ` It> T Y:I^|J|eD ÀCBT{IVc DXD ` Y ACS BgI[J DF>@TD ` c e> T D@^:IVD@EkI ` bXE c h:T I[^D=e B^T > I `
>ACT EdD@^ ^ S `Y )TTOT S It>ZAL`?FIK%XAC> S T >I[A D8` Q ?Zx A Q T
$XS T>ZA I[`#N; _[AC?EdA E T u e> T N
I[A8DF~ IKT
v S >ZA hÌ1ACDZBiA:_J ? c} _w?ZI[A8D~
Du c^H>ZkaA{Q\IKHJ gc Q _X)#>FIT
S >@>DA v ù %XB^S >=>ZAf^C*> TI[?@II8LJ S c ?@BB
>>=T Î L EsAH?F>IKc v ^Bc Du > ^CT *I#I[e?@IKSJ>@>F>@^tIV? >c BT YI
Y> T Î J
D; v AC` E c ?Z^CA *T
I[S ? c>ZB{A Yu Y ^Cc*hI[I[?FByIKJ/>@^1L
> NT I DZ_V;ACT
>@>FS I[>? ACc BD `
Y ; c ?Z>XA ^T Be> NOT A8Iy~ T
YS ?F>Z^ A S Bgu ^HJ{ksv~
k?@I[IK?F_wIKI[J ]> c c B^:B> T ^CIk ;J c ?YA IVT D@e> c h:ACI BgA ?@u ItY S ^HI[k DF;>@DZ?Zv A ` T ACeBgJ AHBg AC?DACv D ` c >>TA I1u IK?@AHI[>@DFI[]gBiIKvo_w>> k T S I E
uu JA c EUN^LEsAH> c ^c B>@^Tc > T u IeACBIVD ` _VACEdEdIK` Jv $ AC?@]iACBgA{Qc 7 Q ' I[>
T>@I[^ c h:e>I[DFT?@I[NIE}ke]i>@I[ÂC?Bgkl>^v T ?@IeB/]AC> Bg? c _whDIAH>@^CD@Ik#IK_?@> I8^:T _BgIc J>ZAC^C^>*c?ZI[^J|? BI[c B? ^CY k#AH>@>>X^T EdIIK> ACT "DFI>ZIKv#JYAJ{^ÀJ
D8AHEdNBgklJ3AC^]{? AH]EdT D@EdNÎ
bXLg^:T > ^ T c D> T J Iyc E ceY:I[^CB
h> ACL{c ByEUI1> TACBgIXJM]gI[> ?T kI^?Fc eeAHeBg^C_IXhA8^CLk*EdDZIA:_w_?@? IKc}AH>_wc I[^D Ba` Q1D S ]{]iQ ^) ?F>@B D
^> T LIEsAHD > S c ^BB_J ^SeEdNI[D> ?T A ?@c^ B b ` B k?Fc^B
ez>@^1?Z> A T c ByI klÔ?FÎ J` ?@` IK> A:T _ I[T ?@I[ID=kl?@>^T eID> ST BaI1:E cklh ?@^c Be Y
__?@?@I8I8ACAC>> SS ?@?@I[I[DD1D u S J
LI[?D cc hD@>I/L
> NT I ?Fc IK?_I D cS h L{c BD c YD@>FD I[S Bg]_]gIKvV^:Q?@>k?F^Q e) A Dc ? AC` EdI[EXh:E I[c hB/c BDF^Y
uk?@> ^:T eI#e> T I[eI LgT IV^ ?@S DoD@^CI k[T v^:EsACJ
EdEI[?K^:Q?ZJ
I[?F{DQ D S ; LIKD _Vc ADF>S DFL
INye?@IKI[_wB3I c h ^Hc kBYy> T D I/S ]> ]gT ^:?@I[?@I>
ubX^:c > T T I[u?vyc ^?J
I[?@DAH?@I/JA c EdN b D S ]{]g^:?@>@I8J(L
N> T ` I T T ^ S D@I T ûEsJ
T I[?
û $X?J
> T I[I/?tJY ^HSkwkv >>@cDoTI[^HD^ kwS ^CvD@k[DZI vyA:T _^:> ?@TEsIKJ
c JyDI[?@j
^:D B?Zc^J
D1I[?> EdT`XIKJ|IbXYeTIXc ^:AC_ TD@Bg>1J_[IkAHg^
B_^BI[J ^:EdEd>I[> B
Lg>tI[I/?@Î]{?klJ
^?ZI[A?@?8I_wQ> c >D@IK{J I Q
L
L
NN T{ec e I[B bXbXT c ^/> T3J
bI[D IKc AH?@I[jD ^c e?@Y
]gACI[B? D c ` D T e AHSLDFEdI>tuLiLIE c D@_[D AH?@c IBgk v S EUT EdNIKA8^:h:LI[B D@I[` ?FAHhBgIKJJ
_eÂHB{BD@>ZI[AHD B
` >> T T ItAHY]^] J
c BD Ì[DF> DT I c B;"T
> T{S c>ZD AHD u ` E c ACkIKBgvVJQY S 9I[D@Q >FD$XACT DFjI/> DZT AHIYI[T D ^ ` S > DFT II ~
TEsA ^b EsJ
v IV` ?@e D Su kDF^>X?*Y ^Hc hIVI1? c>@B^Y> DoT ACI[Bge JYu bXc kT>@DACv[> T c D1I[BiJ _S I ItT >FI ^bXIKT A^#_ T j
vVBQ^ b 6 D Q u '> T I[I>
ThACc e >FIb ?FIK^_ ?Fc D>ZTAHc> ] c ^` BA_[^C_wk*^> ?ZT J Ic B{YtIK>@J^tA >` T > TI#I? S YEdÎ J
` D> T L
IXNyDZL ACS Y:?FI[BOD=>=LO^NyL{> EGTAH>I#c ^]B{? cD ~ `
>^CT k[v=I1ke^
ÂCJBI[` D=AHBgL
NyJ/k > S T BI IV?Z;ACT
ES ^C>*ACI[Dt? cL
BN/Y:D > T u I, ?; AJACEJ c T ^CA*v I[` ? ec B{I[YgBQLON n{Qu Y 'c kI[>F>D
Tb c AHe>@I[J? ` A cÊdN?]iACEdI[D@?^ kl^bX?@ec > T Afe k S c B{Edj I[?Z` AH?FEaÔDZ^:A:>@_D ?` c}ACBg_wI JbXk? c S> T c >FDk^
` ÂHJ Bg` J ^:?u > bXT
S c > DZT v
]EdIKACDFI1> T I1eAHBI[D8Q\ x Q ' I[> Tc ezklI[IKJI[hIVB^:BI ; ?ZA T eAHBgA
c>@B ^T > TÎB{^ S h:?=It^CYka?F> IKT ACI#>eDZA:AC_B? c}I[ D=_ACIVDK> iu L> T S I >, EUIV?> AJTJ c eT ABv `
^:bX>=T{kI[c IK_ JMT Li^BI[Ed^> BT Y:AHD>
u
^C? ^S *_[EUI[I _V? ACc u B{D ^Hc Ygk^:Q/BgT{v#cCDtiAHP1BOQ N ? )cd;T N
?Z; AA8?T~A D eTS e>FAH?ZBgAACAfBgAA^B/]iD ^T A?FAC_[> Ed_wc E^^ ^CBiS *v#B
I[>#^H?k^HAk\> _[T > _wTIÎt?Z_J ^
c ^B{A jcY/DFI8hJ>@A^/kJ
^
IV> ^|ThJ AI
>@J
, ^fI[^:DFe> > T c A BI` IKk>J^T EdI[klEd^^B/bX?1>@c > ^BT YILiJ
^=I> TcA > c c D@> I[hT DKA:I[mJ
DF II[7 hY:QA ^0aJ
c Bc D#?FD@>_>T^>FIB8^ D^ ) Ac B
_Y?F>@B IKEdNcJ` ` AHk J
S Bg^:?@J e> T u I[BI[DF?1Iw> |c >@_ >^v= AC>@?@EdÎ E
>0{T S I?@> Y:T Î[J
?XD >@^yu c DFS{hTOI1S q#u IV> hT AI1T Yv ^` JACJ
BgI[J DFDu > ^HT k\I[> BgT vXI#>FBÎ qb T~eAHB
Ôh^:ACBB
J{>ZAHA8? N|cv ` ` >@{^ Q
)]gAHB > S c eu > ACT > Ic u Ed> ^T ?ZIJY:^H^|kJ{_J
?FI[IKD@ACD1> S ^H?@kI[> DT v If` >Fk ^S EdE}T ~eIKA8^
h:Î[BBJACA8BgNJv ` IK>FAC^ ?F> T ?AC_^Y
B|A8~~
]i^ I[c ?B
k>F^:EU?@N e` DXACBg> JT It DBgAAC_Ed? Edc}N _>@I ^ b ) I[Y:EdEsB v[cXQ,:hcQ D T) >ZkAC>Fj
I[?? c >T A8u h > Tc BI Yy > ?@T
I S D1bXJ TS c _ EdTN
^Cc B*I[AH?FEUIKEXJ J >c ?@T I8Iy_> DZc A:^_B{? Dc} ^C_ kc AH> ET kI/^
^|_J ê` Ed]gI[> ACDFTD c ` e]?@> ^T _?@I[^ I8bJ c ;BY ACE c u k^C?F^*eI[? c B> T Y:ID
IKACAHD D@b >ZvI[Ed>FE\ÂH>DXT >@It^DF>^ T S It> TaDFI[` ?@>@h^ AHB
W Bg>@DJ
?Zu A ^C`
k > T AHI[eD@IA ` J|I c AH> ?c I[S DZBivVA QX` AHBgQ J , ,A8N^:ec BYA ``
u
u
B>@p ÎK) AH> J
?XT Î> ?T ACb It> AHc J
^:>@^
BgI[?F^:v*DK? >Fd` ^#p ACT > BiTIJ I D uT2 DFACÂHEdeE? S > IKT>Fv D ?F`c ^ pB b T b I=u AHD@D >@^T I[eAC? Ed` IKEDZvXDA8_[^:NACBc>FB>@>I[Y T? ` Iyp uD@]g)^:IVeJ|D@^>@IoEd?ZIkAH^
> AC^c Bg^JBJ v
>T {I/Q e4 IK^:AH?@?1>ZAH> ? T ` I D@]iT IKIKACA:jJ c Bu ^CYkX> > T
T S IyD `LgI8p uJ) v J
T Î?ACD >T c AC^:EdBgEovye>@AH^j>IT AHI/B/>@^C?FI[*I[I[D8?QU~ p
c;"BT Y/A>FJ
^ ?AC, j?AHc E c u k^:c B?@> S> T BIIKv _` I[ACB
Bi>F?@J IB^CIKk#AC>?T >I T TI^ klS ÔD@^:I> EduI[^C> k T{Tc ceDyLg]I8EsA:J_vyI>@Â
;J b ACEI[c EdE kc ^:B{? YOvX; _?^:A BKT e^ c ACB
B>@EdN
AHQBgJ 9 kQ ^:?t' I[> ACTDF>@c e^:D T > ]gT AH?F>^ c b-u > S T ] Ic EdBO^>F?Z^J > ^HT kI> A T c I?
u
>Â T B{I; IKvAHYkE ^c^:L{?klE ^c> B?T DXIXAC?FEdY:ÔE=ÂH>Le T E cIcBBDoYY^> T ACJ
ACLiD > `^ Sb AC>BgACJEdL
jtNACc J{>BA8B N> c T`Y IT u AH>KJBgQoA8J N:6 c~QB> c W eB> T I> IyT Î[I BhSI8IVvf]{B ]gc kBÎ[Y ??
D@> >FT ^?@?F^ Nb3EdbXI[> T TACc>oe?@I[^Ce*A I[c?#BAD u ; k?FAHÊ ec >F^ > T , I[ACDFI#?@h^CAH*>@eI[? cACB{L YT
DZS v > c c BHL A#S DF>X^ SEdI[> > T TI[?Fc eEUN
Y]gJ ?FcAH?@^ j|I8S v _Bi`> cJ> ^T Byu^:D@D@klÎê?AIt> T klIXc Ô_ê>@IKJJAHvBbXkI[^:DKc ?t> QoT J
n{^J Y:Qc D@D 'IK` AHIV^D@> I[S TD>c _[>eACT DFAHY>@>#D I[` B
AC>@1?FEdINtAC]Bg]{SJ{EGA:BAC_Esc DACIXT D êBu , I[> hB
T A8>@ID~
^CbXkoT k^^:?@> eT
S I[Dy?XDJc ABc D Ed`N _T ?@^^bB^ D S` ?@ACDtBgJAHEUEoc BLiDFI IKc _B>FYDKDQt` Y:x ^
Q I[D$X` T I[AHBg> J
;^ b ?ZA IKTJ ebXACc Bi> T A
AJ b ?@I[IVEdD@E ]c B{EdI[YCBg~]J|EsI[AB
_>I Liu c^Q IJ
QN ` ; L
?ZNA T A eDFAH>@Bg?ZA v[cQ/Y T H>gQ ?@^
% AJA8h >Fc ^BY> T ]gI I[?Tk^c Y?FeT I[IKDFJ >
>_T{^:c?ZD J c ; BY/AHE c >F^/^C*> I[T ? Ic B{? Y S òEdI T ` IY Dc h:T IAHEUAHE Ede?@D#DF>t>F^kIVIKACJB3TAHcDZDy_IVY > Sc _ IVD@u >ACBgACJBgvJ ` >@Â_ZA ~
D@AC> EdSeJ
D I[` B
> >8T Q#Iy DZ7 ACQ e) I1> ?@bXI b c _ACIw?~JLi^k?F^:B ? TT^c DS eD@I TI[? ^c Es>FJ
Î[? ?c ^ YOS A Dc B{A:D _`> L
bXNT{Y c _ c hT c B{u AY
D@? >S S EUI J
` I[B
A>v1_^ ^b L>>@A ^ c BTD=c Dtk^:>@?#I8A]_ ?FT I[I[D@IV?8BOQ> c:BY Q `*'c BI[> A:_[T_c ^:e?ZJY AHc Bgh_I I `c bXBc > AT _V_> ^T ?I ~
eJACEdAHeI8BgAC_D B I` c ^BbX?Yyc > Ay^CT k]i> > ^T T >=IIyk ? S S EdIKEdE*I J^C` A k >@` ^b IVAAHh>@I[;I[B ? ?ZìA u ARTT A8eD@h eACc B{BiAHYAEdE*Y
bX]gACT^:?@^t?@B > c cj
D ^:TBB/IK^ Jb ^CkoD=u >k> T^
T ÎI#J/k>@^
? AC^|S DJ Iv
bX$XcT > I=T ^D@LIKEsAHAHD@> ^:c ^B Bc BD*Y >F`^1^Y?1^J
> T D\IAHBg]iJ1^>ebXACBc > I[TD ` e^ b AJ|IV?@IDL
AHNBgeJI[kB ? S{c Yc >Bv[^:Q?ZACB
{> Q
u ^Hk> T IEsAu b T ^CkY c kl>@DZv ` T AC?@IyEd^DF> ì; c k> T T IyY c h:I[?@D bXc T B> T I c ?k^:EUEdN
]ACD?FTI[D@I[I[D8B
Q#> {D Q ) AC?@B/IVD^C*^CktI[? >c B{YI[eevfA:>@J
^ I c B?ZA > T eIteACBi^ ACS D > T ~ ^3?@I1AC^C?Fk I; e?ZA I[T ?@I~
eAHBgACD? c _ Tc BDA_?FIKJyEdIKAC?FB c BYtACBgJA S D@>FI[? c > c I[D ` DA8hI[Dk?@^:e
6K7
ec Bc A:Dkl_[^_?@^> ?S JBACI1BiAC_IBgJbXckl> ?@T ê> T IXY:?@? IKS AHEd>#I ` Y >@S^c EUA>8Q#Y S{I[D@Q > ;"bXS T >#^ EdI[T > AHDTc_eê^CI *uI[^H? k `
TB cc D#D T ^ I8b J Bu bXA:c_[> _T ^:?ZDFJIKACvtDFAR^B D@c IKBAHY
>tv ÀCABg_[J _^:b ?ZAHJ >@c I[B? Yf` >@AC^ D Tb c DI[EdAHEL ACc DXE c >klN
ÔQ^J6K9:` 9 Y
Q AC)?~
;A b ?A A8TN eu bXACBgc > A TbXTT c e^D@v>AHA8EdN
ED > ST BIT D@^:] Bc ?^ c S > S?@IKACJ E=eu c B/IV? >c >1T I I[hT I[^ B(S D@^HIKkv À>eACjAHIVB D
bXc B T ^1hD I S L{ D?FcI[D@DK>FQ DX68LO9Ny6 YQ#EdIKP1AH?ZB AHc D@BD Y1` IK?FAC^
?F^De ^Hku k_w^:^?#?@B ?@IV` D@^> ?c B^HY
v I[`*?FbD^:AC>FLI[Es?AC` > c AH^:BgBJ D
kT ^ ^ S S ?@D@> I[T DtEUN(^HkA Y:j^
c^|BiJJ eb IV^:Ba?ZQ J*689 > TnQI[D@I;"S u >> TA c B; YD?ZvA T BeI[h:ACI[Bi?A kbXA c T E ^c B(D@>>A8T N
I D
^_[ABS I1D@BI c YT T Iy>=D@^>A8B{NOEUN D c u D#D@> J
T{I8c _>EsAACv?@I8BJ^:>>@Êd^:LiBItY Ayu ACY B S c I[>NODF> AHeu ACv > `c > T TI c v[c :Dk^:_V?ACEdLiEdIKIJ ~
ACA > ; c > ?ZTA c T u eAyAHY BgS A I[DFbX>Zv[T Q ^168J 9b x I[Q EdEU. D Bc BtIf> e T IXS D@DZ>XAHeB^:I>#h _c ÊdEGB{AHDYc I J
` I[B?1ÂC?oD#^:AyBI Y SbXI[T D@^ >
D@T I[ACIVD#jOD_w^Tec D\I1E c >FhÎVE A cdT T ^
^ ^S JD@L
I NtbXD@T Î[_ ?@c IACE u c > B
T >@I[I[?@?I _^ c SDZvX?@D@A I ` bXI[chklI[I B` AC> BgT J ^ S bXY TTtI[T ?@II
DZbXA:T _^?@IK_J ^:B?@D@I[>ACD B
u >@ACEd?@NIfD@jI[I[IV]j >v[u >FQ ^6KE9 c gh:IQ $X^:BgT vX^DF> I1T Ifk^
k^^
E ^|c D JT^HT k^ ^:S > DFT I IVT ?@^:D EG` J|LiI[?@ID~
__[ÂCe>F>@EdI Iy`Cc^CBk_> ^:T B^D@DFIKI bXS IVT Bg^_ItY c ^HhkaIt> > T T AHI[> eu LgkAH^
D@^|I[JB{QI[D@D6Kv9:` 7 A8Q k>F) I[?Y J
S I8I[ACDF> > T bX> TT Î
cJ
DX? c D@h:I[I[B
B>#AL
b NA8> NtT IL
Nu D@A I[>FT > c^ BS Y
DFvXI T D ^S EsB J
IVc B?K > bXT T ItI[I[> h:T I[I[B? c TBIY ` T e A8h:S IDF>_^:Be^:>XI#LgAHI >
u
BTD ^c Se>]D@]iB>I[Â8?N>f~@vtIKc B/AC> c>e> T AHItIB
N ^:T ?^ u SJACD@A>tI c B
ACbXB>Nc >vXc BT kl^:^ Ô]S ^]i>#J Î[?@bXB
> >FSTI[Bc ?@_ I>TA ec TBIêeJ
IVBO^
IVBO>8I[QDy> `B6KT 9 Î>1Qe ^C'*S I[I[D@>?>
>@b ^ I8ACTEdc > DTaY ` S kI[AHDFe>KI > ` T EdI ^:BT Y^DF]E c ckl>ZI AH` LAHEdI#BgJ ?@I8T_I[IK]A8>hc IV^:BB/EdN3^CkoLY E cS D@IVD8D@Q >@DX68]{9 ?@{^Q _ S ' ?FI[I[D>
T^Bc eJ
I[^C]g*AHI[?@? > S u >@?@^ ITAHBgc DXJ Y T S ^:IVBD@>@^ DS v? D@uIKbXAH>@TD c ` EUI1?FÔ> ^:T eI[ND ` DF>ZLgA8IKNJ|v D ` ` >FAC^>F>@> I[T BgI1J{eACBg^:_D@I >
EdJAC^ Bc bD@^:> I[>c B{?T YIVk?S^?Fc YDe T S IKÌ[JDF>@>^c B3_IK^ >eS T AHI[IEdDD LgA8c IVBkD@>F>yI[AC?Bk^:> ?@IKT e IS ` AC>@E"A^ceD@> hACT A:B{IJ
BI[EdI[^h?KbAQ I[^H6K?y9 ÎV?BQ c I[BD;"Y S c B(T> AHc A Dk
Lg_ÎV?I[J B c B YtB c>FD ^ T I8TJ c DX` ACu > L T c IE c >T N ^ ` S u LD@I S T >^vEsB{J
Î[?>=v=?@eI[]iS IKD@AC>=>Y > c T hI I ;T{cAHeE c ^Hk^
^|I[J? c BAYg_F~ Q
6YK^:9 >@?ZQ A )-c B; ?ZÂ ?TJ
eI[?AH>@Bg^ A^D TL{AH>ZAEdEc B3BÂ>oBgeAHIKeAHEI Tkc^Do? kAHT e I c bXEdNT AC^ BiLgJ ^
u ACD@IK>FJDc _V^Cvk
k>> I[TT IKIVI J|eI[T ? ^ kS^:u h?XD@IyAH> BOT ^C>I1kACD ADc ACBi;jv[If?ZQ A ^C6T k6Ke9 AyQ AHeBg;"A IKS AC>#c E D#`:AtBc D#^:>_[D ACT _VEdACEdACIK>FEd?JEdIKc NOJ/L
A NAu >bXY T TS I ÎVbXD@>_c ^:D@u eItAH> AfI[c D> kvT^ c>FS v ^ E`
B?@I[Ês?1AH> Ac hI À Bc D@^:NO?XA >` T BI1^:?t>@I8A A_ ,
T S I[J|?8Q?ZA 6` 6:B6 ^:Q ?t;AS > ]iI[c k\?@DFAy^BgAHD EaT klAH? >@c ? I[c BgN
J A` _wB^ê?1IVA D
>@u ^> T >I T IT ^ T S ^ D@S I~DFTI^:^CEGJ|k#I[A ?ZvR; e?A A8T N ekACI[BgI8AJ c TB c e!> T IA_Ve_ÂC?B{J Bc BI[?1Y3^C>Fk#^ ATYc DS I[J
DFI> ~ `
D6c 6 ?@nI `Q A& k>@hIVI[?B3> ART IACA Lic DF^CNOhAI~AHeBgI[J/B
>A c ^:,
BS IKJ|J ?ZA ; ?bXA T T ^ eT ACBgA8hAHID AHT ]A8]h:It?@^
IKAAC_ >FT I[IKBaJ Q
TbXc c D > T/T ^ TS c D1D@I D@IVc B?@h>ACT B
Iy>FD e` D AHT B^ BbXI[c?B^CY ku Y > ST IVI[D@?F>@I[D L
àNT v ITec DtA8_NêACEd]gEd^ ACb DFD c>F^^BgIKAHAH>@I>
JD@^c D@]ikl^^?@D > c Ta> c ò^BabXQ T ^ 668T x A8Q hI& h_^:I[BeI>F^/>@^ ^> TT c I[D ?@D T ` ^ ]gS IVD@?@ID@^:^ BgS AC>fE"^Ckk? c IVA8Bg*J
IK_D> cAH^BgB J `
T>@^ I1eTc DA8NyAHYL c c hE c I>N k`^
û AHJ >` Y
> ACT ?@I/B cDD ACT eIKJ Iu > bXc ec > IKT v DFbXIKACc >DFT(^B Tc Bc D Y
vXbXAc k_[I_wQ^?ZJ 6:c 6 B{iY Q
+Y S cIV> D@T >@^D `S >@> ^1T > I[T D IXc >kAC^:> EUc Ed^:^ B bXc T BI/Y]geI[A8?FD@N ^:BY Dc h` Iu h kcd^
^Qrv1J `>F^tI[hBI[I Bb EdLgN:I~ekl^?@ACI ?F? cTIKc J D
b ^:eI[B ` >F^ c B|kACB
>@D ` >@^y> T IfD c _Fj ` ACBgJ>F^]?FI[YBiACB
> b êI[BaQ
Yj
6cB68h:7^ I[bQ B;k> ^
ST ^|>ACJ> > T >Fu IA8^kk>F> ^
I[T ^:?I[E D@cJ|DI IKT ACu ]i>eT I[ACv?@DFB TÎbXBDTTv1^c eJ
I8^
DFACI[I[>@DE}D k ìbXbX?@cTDFEd>cE*EdILibXIT c > IJ|T I[^_wh?ZS ÂC> SeT?@DIKA8`Jh Bc L
B{^NY >
eTJ
c^:DIVYB DXbX` ACc AHkBgI#BgJRJeh > A8S T NEUIy> AS D@k?@I[>@IV?FIVDKh? QbACB
6:AC>@6?ZD J|{DXQT A8)IKhACkIy> >@I[bXJ ?=c T B> TACIK>=IJ `?@; I[> ?ZeT A I TA ceT B^ D8AHS Q BgD@AC6:I D6T `^:>Q EsTJ
% I1I[?tA8j h ACc cB{BgBDJY ~
TY S^:BAC?Z^ J S c ?FAHIKB/JJ
> IT c It> c YI[D^J
^CD k` > > T T I ItT D^ ACS Y:D@I[I D `` >eT IVI B T ` ^ > S T DFItI TeÂHEsJ
BIVI[?#D ` D ACT BgACJEdEa>IKT AHI>
T>A8T klc >@eACI[>X?DFbI[> E}T AHk I1?Zu J
ACkD^
Ed^:^bXBJ T IKAHvbX`>aT{IK?@c IVAC_ e>FT DtA ?@BcIVBe^D8> QATc c6BB6 D#YAQ L k%S>@IV>1I ? DbXu c >BaT T Îtk]{^]g?@? IVI[?]gc k> AH^:?@c?@D1I[eDÂHk?Bg^
J^|_A ItJc B^HkIK^kwJ ?v
>' T IVI> DTAc e_? c} T _^:I[BD^ S D T ? AHbXEUEXc > LiT I> > T T I IT e^:BIKI[AHN:E~^He kc h >c ?@S > ?FS I^ SADyj ec BIVY Ba` Q AHB66^Hks~ Q
kAH_ > c T AHI[> c?B~ c YB
~]EsA? cbtI[DF` > AH` BgA J,ABgeAH>ZAHAH>@jI[?FA Bg` AC> E T S IBg>F_IKEdIA`_ T u c I[kg? > ` T AI[ND@^:_^:B
e~ c B|IK~vEsAACbtY
A ` c BA
)A8Akl>@Dj I[Ac?#_B? AfYyc kAC_S BgI EUJEi` Ne A I8ACS , ?DF?F>û >FT Li? ACcI NODXAT IV`ÊGAHbXB]^ T D@S Î8?@JIK_J^:D ec BgbXI#_c It> ^:T B> T > > IT T c I ?XI1EsT ]iACÎ[D@B?>XklIV^h N?@c ~Dee c >ACv[c BgQ >_w6S I#n ?@^C9I k Q`
L>@EdS IK>JB? S^>EdIcQ k6 B{n ^6 QDZA;_wS? c}>X _> TI I c DXbXLic kI I#c BD YT AC]iEdE*I[?^Ckl*^?@I[e? c IKBJ*>iT > I1T ACI[> hIVc DB c ARBY D@I[u >A ~
]iu > ^T ?@I=> c ?@ÎKBg_ v=c >^HACk\> c >^:T BtI^CJ
k[?@v*IVDZD@A:D@_I8?@JI8J1k^
k^^:J?@e ACS D#EsAHA DK; klACÊ ?ac ~> ^:T LACEs>AC> u c ? ^:c >FB I `CbXbXT{c > c T _ Tt^ S c >D
_[ACAHBiEUJEdIK>JT > ItT IKI[vh:I[B A c Bc DFYihQAJ
6 I[n:hnA Q c )D*]k>F?@I[IV?XDZ_]g? IVc Li?kIK^:Jy?@e Li^c B> TYyk> ^T ?*I > T Ic >@e? c N
ÂC?@BY:cBgB{A Y `
L
Au , N;?ZAe?J{A ^:JT BOT e> A TaAC` Bg` _[A ÂHBEdbXEUI8>TJT ^v Ij:BI[c BgI[I ]bJ{DAC~eB
AhÔA DZ^:TA:B3_AH?@?@JIKN
J A8ACN j ` A?@Q> IT 6 ID n T x k ACS Q EdBEo$XI[^C?T *ACI I[EX? bXDZ` A:c eD@_I? ^:c}_VBOAC>_wEdTI E
>LiT II^Ce*Î[?@B
IK> JT EdA8Nkk>FS I[?tBI[> ?T ACIE
^C_[*AHI[j? I[c DB{v Y` >FAC^#BgJ> T >IT eAC>fACBe IVDS D@) >1B
LihIA T _[ACAC?F?FNOIAk S u Ed>FEd^N
]iLiI[I[?Ed^k^:b ?@v[eQ IKJ bXc > T > T IAH]]?@^Ch:IKJ u D@^:?@>FD^Hkwv I[D T u eIVBO> c ^BIKJ
6 ::WbX:c :S ::C bXT T b u ; T
eA8hAH^ Bgc J
ACnHIKDgJv1Q ` e AHS BgDFJ>EdEi^Lik B IEdEdbXkNIKT JJ|ACIK>y^:_B3Esj ACc ?F>BgIT J|ACD> ^Cu ACk#^>1_[klÔ_VACAC^BgD JJ c ^:uBg> ^ vT `=I[N3bXeT D AH^T B
ACN e EdE#S J DFc >?ZBA IKLivVI ~ Q
6> T n I7 Q Y:^. J
BD It` ACe BgS JRD@>"> T kI[?FI[IKIJAC> b>X^> T u I1; ^C?Z*A TI[? ec BACYyBi>@AC^DZv=> ACT >XI1> eT ItAHB^HI[D I[` ? ^:c B?Y^:B>@Î
^BB{^:EU>#NLi^:IB/AHIB
c > Tc ^ IVS ?tD û _[>@_[ÂCD I[c B
^>@BaIV*?@>ZIVA hc I[BgBv1AAh:EsACI[?F?@YN Ib _IK^:AHeEU> ]gT AHNB
NOeQ AC6 Bn{D T Q AC) EdE
EsD@AC]i?FIKY_I>k S_^:E
e>@?F]gIKACAH>FBOeN/I[J
B
IV> D@>@u ^C?F^CkN
> TDI > Tc B
I[h DFcI >FIK J h:` I > T u IA:J
]h?FÂC]B
>Z? AHc I[Y>I[N1Dv1^Ckw> viT ]{IEGA:?@_IwI ~
AeCBiAHJ BgA > c eu Y IS ` I[D@] >FS DZvV? c >TNIAC> BgT J I[?FIu >kT^:?@II1D@D I[T EdIKAH_wEd>Egc B^^:B>^CDFkwI[vI[j h c u ?F>@> ^yS Î[B
S >@D IV?@; >Z?ZA A c BgT v~
A_[AHEsEUACEdIK?@J Y:Iu > _T ^:IeD]gA_AH? BOcN
Q_IX6 DZnA:{_Q ?@IK0 JyAH>Fe^#IK> J T Ic D1e> TACBc D1IVD ? c u >FACItBikJt^:?#]iI[> ?T klI^?@J
eIKIKA:JJ v `
^c BBYOv> T > IyT AHB> I ` b u >~eT I1^
?@Î Bb JACA8?JN* ^Hc kwkv"AR> T eIAC? B c >@Ic Dk^:J ?c E >c YT IVItBOJ
> I8c AB J u `
]ibXI[?Tkc ^_ ?FTec D~
]iD@>I[AC?B
k^:>@Ed?@N
eQ IK6 J/n:AQ _V_. ^L?J EsACc B> cY^:B>@DX^ >@, ê> ACT ?FIt>ZAyY:^|? J|S D#EdI[ACD Bg` J?@IKeA:_ AHT BI[DI[DXTe c eS DF_>^LiB|I ~
]>@^?FI[DD@SI[B
_ T>FIKJAML
eNt^> DFT > Ib Y ^:c h?@I[> T?FD\N >F^t; ?ZA A , T ?Fe^>@AH? Bgc NOAA1N ACc EdI[ÊsJ
B{DfI YbX?@I8T ACAC>t> ?Fc DoI b Y cAHh?ZI[J*B Q
u6 > n:_T
I8S voQ DZ>@v '^tI[T > > I T IXT{bXc Yec EUÊJ
kYOD I[A ÌKc ACJB BiI[AJyh:I[^? cBB_ IXT ÂCB?@> IIb u Ed> IKACT AH?I#J?@BD` AI8B_J ^:? c}> e u_ACc IKk B/voT >FAHI^t> I[> u TB
> T>FIXI[Ie?@>DAACAcB{_BI[? DZcDKv~
6
eTc eAHBON ebXACj:T I ^ c ACBg?@ I SSc ? Bgc I[A:D_[ I[S h:AI[B(c B

>@?@IKI[J Y
ACbX?ZJ c > c TB{Y> T > IT I/?@IKIVJ{eAQ^>FI68xu 9 ACQ Bg_' IVI[D>~
>@D ^:c ^?@BD1^C^Hk[k#v#> AT I8; vy?ZA T IKeJA{AH Bgu A c kbXJ
T IV^ DZ_TI[BiAHD#J
IKD@J> S kJ ?Fc ÎKeJAHAB/h I[c B
?@> > S c ?@^ I S Dyu ?FIK?Z_A:I[_B|IK~v
u
kDu ^
S>F^^_ TJ]{?@^CAy^*e_ I[S ?FAC?FIKBIMJcAH>@D#^DtA Y> T?Fb IKI1ÂC?FY:>f> ^|T ?@J|INDXb ?@ÂCIK?#?_ J
c >F] D^c IVAH> BODZT >vtI1^CAMekY YACS Bc kI[I[>FDFDD > `
T u_ACI^:> Bcc DD#> cTDFJ
c > IKv[c Q_wBEGYOAH68v?@xIK^C6 J k Q
$Xb IVT ?@^ IS Y>F^T JAc Be Ic EdACE c>^BA ^Hu kk S eBIVIV?ZB ACìEXS DBgAA_? c}S A _cIKBOv >F` IKNJ IVbX>c A> T D c > BT YIEdI ec jAHAHB D ``
EdeIKACI[?FB
B>IKv J`*c c D Bb > T Î?F> T IK>JT A I[èbXT AC^ EdEc DAHD1DACk> AHc ?D ACIKDyJ > u T bXI c > u T]?FT^c DJ S I[B
_> >Fc I[^:?@B>A ^Cc B
k[~v
D@e] AHc ? Bc >I[SDtAC^:E?e>@I[^ ? c > > T uIc DtY_^^J
BgD_wI[e ?@BS I8D@J>yv[LgQ I6KYx cn{h:Q I[B30 ^
>F^^JA DZA:e_?@ACIKBJJ >@^c D@> > c T B
I ~
YLSEd^
c D^|T J IK` J _[AHL
BN/BDZ^:A:>_?@LiI8IJ3_j
EdIKBAH^ Bb D@EdI8IKJ J|YbXIc > Tk^? LEdT ÔAC^BgJ*J|Q D ` 6Kx:D@ex Q I8AC) ?@I8DJ ebXACc B
> TN
e> T Î"S Y> ^T J
k SDaEd^:D?oAC>@DX^#AC> B T Ic YeBAC^:B?ZAHI[BOD `>=D@e^#eAHBACDB
b NXAC?@EdI8EdJ:^ ~b T D^>oAH>D@] Ayc j:DI[AD _` ? DFc} ]g_I8ItAC?@>FD ^ `
u
>@]ACI[BgS ?J?FD J
Sc IK?@c ÂH>1B> ^CT Lik[Q v1ACEd6Kj
EdxDBgê Q b S Ed, DFIK>^:J
eY> I IT ` I1;ACYBg?cAJhT IVê?> T^HACk\BgI[?FAH> DT DI>FAH^ ?F?@I[Iu ]g> J
TAHI[D@Ih>Zv=^:]i>@I[D IKb?JkAHÊd?F>@EUe^^ b ACu Bi> AT _ksII ~
^C^Ck[kv> TA SID@>FI[I8? Jc >A c Ì[D8ACiBiD@Jê^> I#T I[>F^?@D1A >FS ^ DF>@u I[> ? T c Iy> c I[]gDI[?AHkBg^J?Fe>@ÂHBg> _T IyIt^C?@kwIKv_ c DZ>A:AC_> ?@c ^:IKJB
?]c ?@>@IVIVD@DKI[Q B
6K>@I8x:J7 Q >@.^L> EsT AC^> DFc ^:IBJ
DI[>@h^f^:>@> IKT J I1e>F^/AHj
BBI[Do^ b ^ S EdIKY J
T Y:>I >F` ^tL LiS I>f_[^CAH*?@I[I? k cS BEUY:EdN D
>@EsA^1b > vT ` I>FY:^ ^|u J|eD `:I[Bc B^HAkw_Vvo_ACÊd?EJ> ACT BgIX_wklI ^ bXS ? c > u T AHLg> T ^CIXh:I?@~I8eACD@I[^:B
B > c ^:u ^HBkIK>JyT _IXEsACDZA:D@DF_I[?@DZIKvVJ Q
bXAC6KBgx T J^Q DF> ItT W ID@kt^:>)B T BI[T Y
?FAHIACD#D cÈdDIKAHACABg?FBJ kIKACJA> T ^D@I[^:B? B I c Y:bXc Y:BTB^^^?Ed?ACItACB
B
?F>IK>#_^C^HI[ktk#B>D > Tc T ÎIB DD^CAAk__?F?F> IKIKT JJIy>F>FIIIKJ{>@>@ADD
bX> T T I ^)DFIB{kYOACAC> D T òI[?=6Kx jO{B{Q^ bD#B^ ACb BIV> BOT > ACc > ?@I1T ?@I IK_wbXI[TB^D cDF^:ItB/kAH^C> koT > IVT ?I1j
BIK^ J{b ADAH> BgT JI
^> IKT JI[A ?yò^c DBI > T c DIb e^^?F?F> IT Nh:I[^CBk I[?T AC^LB{EdÎS ^? B` I LiIKu ^H_[AkS > D@T I/I?F> I[b D@]iÔIKvV_=> NcI[D>yJ > TS II
>@I[^B
>@> I[T ?F>ZIA c BI8JA1A ]iI[u bX?@DFT^cBg_ AHTEiTk? I c I[T BgACJD1AHEd>IKACA?FBk S IKBJI[vV?Q ACEi6KxDZA:{_Q ? c}' I[_> I: TT c eIeBA8^:N >
YOAC>A c BA T, c ?ZDA:JAJ IKT _wA> c A^B/; L
?ZNA T u e^> ACT BiI[A?v#bXhT AHÊ S e ACLT EdII/Y _c ^:k>@BD8D c J
EdI[I[> ?FDTc BezI c >kI[T IKI[J ?
DZACu Y
A:D1_A Ay?c Bc} kc ^
B_ItIVYODvBAHk^:?Bg?c JyIVAHBg^CDJ
*DAyI[` ? kl?Fc ? BIKc I[ACY:Bg]DJ*D1>FQ ^tA8k6K> >FTx I[I#?Q YJ|^%IKACJ
I >D=T bX_ T{TBc ^Î ]i?FNtI I[b ?klkÂC^:??Z?@J>eT kD=I#^?k DS AC, Bj?I[IA?J:^CAC~kE
LgJAT^:k ?@AHS BDB{eI[AC?ZBgAHI[JBEDDZbXAA:T__? ?^ cc} c B__I IVT`DKcQ EdD^:kD@6 ^:I[ EdD 9 EUNQT IK_$X^:A8hBOT I[>FACB?Z>yA:` _eLg>@D=IKI8_VACkA? BcS I[I[DFDFBgI>J
DTACTeIc ]^]iDXBI[Y?> kT ^:>?F?@bX^ eS c _Y IKITJ ~
Ak^
^, J?ZAv1J{L
J NT AM> bXk^c _?I~> LgT ^:I?@B3DZACej:II[B ^C` k#_kl^:? cBI[D BgS J
eD TIKc J ]aQ bXc 6 > T 6 Qu k? )c I[BgY J|c Dk> AHuBg^HJ k
?@c BI[EsAH> T> cc hD I[u Db v `:^c?@DEsJDZv=A c ACJyEd^:>FB^tIXLiE IXc j:^CI*A1I[?@L{IKEJc Bg>FJ^t_w> ^ T bI c Bc DÂCB{jAHI#DKD@ >c AC>"L?@EdI[IeQ 6A Oc Bn{D Q
)> T DIA DFI[TOIKS J D@Lgc B3AHBgLgJ
AHe?@?@AHIVBB?FDFIK^ ACc ]{E ` DI[Bh:^ I[B(T ACD@?F^ hI[> DFT > IbXY Tc h:IVI[B ?yT ^CIkDT AAC_Dt? c}DF ^ _ b c ACB E
k ^
S Â Jc B
Y
>@IKA Jc BDbXBc > ^T ?F> I T b IAH?Z J c jc AHk DKT Q It6 ] ?Fx I[QD@IVBO;">FS IK>J Ac >]>@?FÎ[D@ARIVBOe>AHeB AS J
BgI Ac _FB ~
AYc_[h_wIV^??ZJ{ACACBgBgJy_>I T bXI#c ?F> IKT _ c > ] T c IyI[B
? >=S ]gEdI[ACD1?F>Z>@AC^/j:I[AR?@DXEUI8^HACka?@B{?@IIKbJACe?J
AHD=B Lg` ^:e> TACj:c I[BDX> > TT c I D
u E c kIKvyACBgJA8k>FI[?J
IKAH> T Q 6 :gQ u W k1BÊdIKAH?@BI8J ; ?ZA T eAHBgA
iL> T IACACB> ACT B/ACBiI[B{JI[v e`T N I` > eT ^ A8SNY ?T AC> > T T I[Iy? EGTAH>@^:>FBI[^ ?1S e?tA8A Nu Lih cI?F> S S ^ ACS E DZc} vIKkJ ? c I[u BgL
JN
kEd]gIK^
A ACI c ?F`B{B DLgc BI8u >@YAC^
?@v*DyACklBgBI[JIK^JD@?@ÎACb>k^:AHA ?Z?@, >JT?Av[A8J=kl>@J kI[^:T ??AJ|DAHIKABAC_> ?A:T c}J Q T _ I[c 6 AC?F I[E7 B
kQ >^
^|^C' k*J I[>>` T IKTI#AHc >@e I[cB(YCu ~>L
hACNIKj:J{IKAAv
u
kbX^^:?=T EUEdA1^ ^ b DT c I[AHB?=D\Y:^CI[DF?>kS ^H> J T k c I I8, JyAC eÂCBY AHI=SB?DI[~B
hbX> IKTc J{?@^ I A u bXE?@c IKj:T _wI^ I[bXBT cD D@AHc IK^:D v B T ^CB ACkgc DD > T _T IK^:ACJ/e>vo^:]BEdI[IIK>FJIK, A J AC` j u^>T ?T A AI `
D@J > c SBJ
I[DN` ^CJ kS ACEdNBTI[B
^:>Bc ^?FItS ?@?@IKIKJ _wÌ[BAHD >c ^:ABgv[k SQ B6 I[O?Z{AHQ EW DZkA:^:_?Bc}I1 _w^CI k` > >T T I[ID@ItAH> BgT _?@I[IVDI ~
>@]i^:I[?@?@D1DF^^CB k ìTbXc e c EdE*uLgbXItT DÂC> Y c cD h I[IKD1J> klT Ît?#klAyIKAChDFIV>Z?@v N` ACEd^DBkYyAC?1> c ACeD1I:> Q T 6IODF{I[Q hI[$XB
T> c T D
c> D#T I> T Y:I^J
_ TD#c IACkBgJ? S eEdI ACu B>@I[^D8Lgj
I1Bkl^ ^b EdEd^ > b T IKAHJ{>Xv > cT B/I1^Hh c ?@I[> ? S c B^ YS D#DZA:AH_E b? c}A8N
_IVDDt^:>@L
^ ~
D@I[IVB
?@>@hIVI?@>Z>A T c B Ifku ^ÊdB(Ed^ bXD S c B_ T YD ^S _[L_[DACc D J c cÂHB?@DN/v? ^:S BEdIIQp D6 e
ACQ >FI[. ?@BgBAHIyEXeY?A8ACNBgJ:ACEdkD@A8^ ~
>^T B{I[I? p D` >FA IKAe_ T ACI[>F? I[`?@BgAtAHJ{E A S S BgY _T Ed>FI I[` ?KAp DXDDFc^D@B >FI[` ?KAp DJ{D@A ^S B Y `T >FAI[?Kkp ACD > T
T S I[?D@~Lgc AHB
Bg~EsJ A `btA `
k>@_^:^^:? Y> BgbXT AHIT >@Iy^:Ye^j J
c BD^DFàBeIT IAH^CB *bX` I[T ^?F^DBIj
DZp AD1B_w^ ^ ? b bc} DfB _I[> ^TD8QI_Es6 Ac
ACb> c Q BbXYc0 EdE\^:]??B{c Î[A>tDF>t? ec ^>FIAC?tjADZI A:e_u >@?@^
I8AHJB^
bX^_EdB{^T IDFI[IKBe v ^:S c BBgD@I1> S]g_[c ACI[? ??Fc IVkI^Dk S?Fe?@EdEdI[NDXY
ACAI?ZgJ _ACcI[B{e ?FY3I[ceB{ACI ^:B BOu N > u Tc B
c I/B h cT >@S ^:IKJ{ACBEv^ c >S ;c ?=I[?D^CA koTAC>eBgT JACIfBg]geA{AHAC?@I[B{L B
I[S >D >~ `
AC; Y:?ZIA T ^Cek#AC> TBiIACD Y bXS IVT D@^>ZvVAHQ ?@I168>7T{9 c Q IVh2 I[D AH` B ^ SS >T _[ACACDDF>@J
D Ì8_I EsS ACB ?@I8S J_ T > D T ` AC^:>y?>AHT > ^:T D@IwI ~
cACD@Bi>FDJAHe?@I AHBS I[B D8b Q ^6K?F>7T 6 N Q u ' >@Î[> ]gT{AHc?@e>ACjBI8^:v#>t^HI[kB
^>@L{IV?@EG>ZAHA > cc B^B{AHD#>>@Â > , T ?IAJY:J ^T J
A D
^T B{AHIDbXB^T >^ DFb > S IKJAHc?@IKD J Tcu D> T T IA c"? IKc JB AvL` ?ZA ^c BJ|I/D A8u A D@c _> >FS IKJ
J I[B
bX>vc > ` T ^:BA I D@bXj c T B
^ ~
>D@J cIVc > EUD@SEdI8I[J
AC?FD@IDtI ^Cù ^HkXA k#eDZY
A:I8AC_ACe?> c}` L AHEd_I[BgIV? ?@J/` DZvVB> Q T^^?6KDF7 >I nT bXQ^DFT I ^T bXNOD STD cL^_ D c cACDZDFA:B>t_D ?L
` c}N/ >FI[_DeIMT ]^k^]
EdI?~~j]A I[? IVc e]IVD@c SB>@D E}Y ~ `
e> T S I#DFe>LiAHBII[A8D8hQ ^ 68c 7J
xIKJQ ) AH>X]gDZA A:c _Jy? c}D@ IV_?@IVhDACB
^H>=IV^C?@k\IKA1Jh >@c ÊdEsAC> TYIXI1^:Y?^J
^Ck\DAfAHBgj Jc B>@Y ^ `
e]iÂHD@B IVD bXT{c c > DT >@IKJ
A:I_ kT^:?@I[e? ` IK^JBI BgA bXc EUT Dy^ ^T ?yAHLDXEskA^:_F?@jDZAH>@jI[I[I[B> Ta> ` T ÎtBDI A_bX?FIKT J ^ ^:?@]
I ~ `
bXeACBiT AHJ^?@? A cD IVS S DLD S^:D c ?t?@D@I[>Fj?8Dc BgL
6KJ
N/7 EdgI[>FDtQ I[Bg. > JT BcII#BY/DZD A:S _[_AH?@IVIK>@?J>Fc EUBI Yf` ?@AIk?@^:NLge^ IwSk^B_w?F^Y:IBI[?1D> ST LeI?@^:]I[>Es> TJ
c Î[I[B?? ` ` bX^:^:TBBÎI
bX; ?ZT A ^/T eB{I[ACYBiEdIKA#_>F?DA_> I T ` I ACB hI[IEsJ
YI[?=?FIKLAC?F>t^>DTA_I[?? c}bX_T I[^tD ` eAHAHB?@? I[c BI[DoI[e^:?N j ^Cc Bgk#J
> EdT I[ID
>>@T^/IADZA_^:_we?@IKJ]gAH BO?FNI^:A8?k>F_wI[^?1?@]i> T Î?ACN:> ^c ^:S B B{`=YI[6K?7` 7 ACQ Bg) JB3^B{AI_>FbX^?1T ^^?tLiD I[c EdB^YBI[Y:? D `
û ^:B{BI EdNtbX^T ? ^ T ?@ACDF>ZD1v LbX?@^:c kljI I[cBDA> T ,|IyS hJ
^ ?Zb Ak^HI[keDFAH> EdS I J|` I[> B
T >@IXD T{DF^c ] B` ^C^k\BAI ?FbXI[eT ^:AHD@?I ~
?]gc AHIK?ZJ ACeb ^^ eS ?=AH^CB k ` TARc D ^BbXIwc ~kI[I N:IKu ?FJ I[D ec J
AHIVBDZv[` AH68Bg7 J Q T I% Ic B bXbXT T ^^>@D@IKI A:T_ T ^ I[S DD@IkÂ ?
TAfA I D@,
> bXS c ] J
T S ?Z^ AEGAHòc >@BIKT DFJI>@? kSbXI[_I1T >@^DACBg,|D@J ]iS IKJ
T AC?ZI j
AMbXD] T ? S S^ ] J
cc DI[EdDEd>N AAH` SBg> YJ T T IT >IDF^:^BbXBT> ^HT ^kACDFI>XACB3_>@ÎKABgA:J _J T S c > I[Edc>@? Î[B?c D~ `
I[eDFD^:` > T ACIVBi? J/`T{> T c DyIkD@AC^:> BT I[^H? k` A ^:?bXAc J
^>@IKbtA:`_ T 68I[7 ? Q bX%c > IT ^ bXS T>Â kû D?FS
DZAC j:_I[cD IVBOT>c Dv
?@I8ACD@^:B `T I bXT ^ T AHD_w^B
>@?A_>FIKJ/ACBACEdE c ACBg_I bXc > T ^ S >Z_[AHD@>@D
6
Ic Bgc > _T I[IVBg?J >c AHT ?@?FN ^ `S YAT ]> ? T c DFI^BI[IK?J`XAT Î ?>bXT T ?@^^ S IKY ACT >FDA1>eT IAC?Fk? ^
c AC^|Y:JI `
Y 6Kc 7h:{I[B3Q ) L
BN
>>ZTAHjIXI[DFDX^Bh:^C^HNOkACAHY:BI[DXAL
J NS EdD@>FIKI[A ?@I[` DFAyD ` LgA1AH?ZDFJI[Ed` EdI[AC?B^C^k c , E}~^:eeAHA B `8` T AyI D bXS TLg^^:?@S BBgI[J
?1IV>F?^ ~
k]gbXACIVT > ?UT^ SI[c ??FDN` A8`"> T 6KI7c _{j:>FQ IKI[JI[% ]ibXII[?tc bX> T^HT kAt^ AJ b YOc D@?AHIKACeAHBD@Y:LI EUE IVc u BDc BYC^:~ ]?1T S ^ YBS ^
cDFI[D I D1T ` e>@AÎ[J
B
Es?A >Sb^CBkijbXkAC^:c ?> ?@JT e`*TIVT ?Zc I Dv
_A? c D@eI[EdI[EdI[D ?yìT ^CIkXDbXS T L^ DF>ZcAHDBgA:_I[_[D_ S S DFDFIKIKJ J ^Cklk#^?A eA8^h:?F^ >ZS AC? Ec BD c YB `k^
A ^JT N
`=]g6 ^ _9 ? Q c >@)I `
ebXc AH> jT I[A?^CLka?@^:Li> ^ T b I[?8Dp D ACBgbXJyc J
^H^ kbtAH` ?@?F> ^T bIDLi`
I[T>F?ZI A8bXNIVT ?\^f^HEGkAHA=DZ_ klc ? h c I[c ^BgS J DF` EdN^BJI ACbXEdE cT I[^ D
DD@S^:BL{D`*c 6D@>F D6 L
Q Ny) YOBACI[e] L{c EdEI[c ]B>Y c `8_T eI ACbXB T `:^fbXEUT I8^yAC?@DB{S D *u I[> ?@T DIk?FÎKeJA:Dv_k?@?@^H^:k eS Ed^ TS c DD
DACb B I[c EdB
E ckB{^:Y?@eD=^CI[k\? ` > AT I1eYAEsACJ|BieJ
ACD B ` `^:A1BItLE A8c BgJyc _e>@I8ACJ B bX` AHc > BgTJ bXT T{I c bX>FI1T EUÎV]_V?@A8^:h D@c NEdD `
u
I[ACACEd>tDFI[>@] ?@> ^:TT EdIAH^B
Y>@N D IK` ` JAy^8AL eI[c ?ZB SJOòDF~k>T AH^Bg?FAH_ D@EUcI[EsI[Dv1? ` ` LiÂCI/?yBiA8J _[hACT^ ecI J|I[bXIKEdD J*T `Q ^T I6>@IK:bXA:n_ TQ T Î[) D1D S > >FLT ?ZADI cc D@B{S >@I[D@D?IyL
^C^CN kk
ACJ
?FI[eE c Y D T `">@6 D c x BQ ^:%LD@I >F? bXS _T > ^c BJ Yc h> IVT ?@I[>@e D `b ACACB/>@IVAH?~@?Z__ T^ Sc >@?FIKD@_wI[> D ` ` AyAHBgeJ I[D@T DFII[BbXY:I[T ? ^ `
u
D@bXAC]iBgT ^J ^/?F>T J
c IBI[YCE bXc ~@Y J
T T ^:^>@YD ]{D ÈGc BAHAMB
c >@BKkDXAH SEG>@_w?F? Î[c BI[BD YI[? E` klc ^h ^:?Xc BBeI Y^:bX_wB?@T I[IK^NAH>v J|S ìI ?F6 I[HDEdgI[`"DQ T ) eI AbXLc ?FTJ
I[^/I[IKBJ
Y
DIVAà?tc T B^CI Dk
T>@^c D> D T S ILD Pfc D@AC>FI[BgBgAH_D I`tk6 ?@^:7 e Q ,
%S J|I ?ZACbXD T ` ^(ACBgJ
J ^
TI[DI bXB^T >R^tk^C^*EdEdI[^ ?@b D=DZ> A:T _I? c} ? _wS I[EdID
^C^k#BI _^bXBiT J ^S __w> ^` BA DF>ZuACeB
>FACEUNBACJ
D@I[j
DF>D c > u S k^>@I?k^HA8k#h:I[^ BS I[?F?FDZYv àNT E I c jbXIT A^vfEI c S hBIVDS _ L
TaN `
L
>ACT Y:NtI ? hc T
_ c S?FS > EdD@S> LiS ^ AC?@S BgI DoJ1` eA^HkI[_B AE S Ò?@L
6 I[~lek{^
ACQ^?F>F) ? IKc JIKD J T eI[b ] AC^T B eI[` ?ACAHJ B Bg` `J AACTBgjI[IJtIVbXA]gI[T_[?"AC^ ?F^C?c k*Dc I[L ?_S IV^HaBkACD J
SEd^
IK?FI[A:IKD JJ `
Lg; ^?AJ Tc I[eD ` ACBgu ACA EdEbX> T T Î[DFj
IKvB^ e b S D DFu>t> T LiIIMDZ_VAAC_w?@?@IwIKk JS EdEdEGNA b A8vh:^ D Tc J
^ IKS J*EsJQ D 6 T
S {B3Q AH) >
u DbA_? c _I[DZvybXLic ^> T u >F^> T IY:`^|bXJ|T DACBgJ>@^/S> T IceACBIVDZv1T > T I[D@c I
EdL^ EdI ` I[ACDF>#BgJ ^HkbX> T ^y_ACIw?@~ILi^S ?FB Bb e^:?@I[> BT N u >F^^D@D Ic >Zv _^:c BBgJ > T _I> _^:D#e?F]gI[]AH?FBOI N I[u ACB>=D A ~
?@> I[T ]iIfAC^CD@*>v[I[Q ? c 6 BY:DQ AC) BiDJ A c D# ?F IS^Hc _Fkj
J
EUN?FNtv=YI?AC> cD@B{D Y c DSc u D S T BgIKAHJ L` EdI[Ih>FIV^B/_D@^:^ BD u S c D ec I>
bXLgI1c > YT c v=h:I[ACBB >FS ^ BEdTIKc ACe ?FB` IKD J c Bg;_I ?ZA c >T eu b AC^ BiS AEGCJRDALg_I8? vXc ^C_ *c I[AC?FEiIKkJ ^
^c BJeAHD ST DFI[>D8Q B^:>
6 ::WobX:c :S:C: bXT S T c c
Ae8k>FAHI[B?I[D J
{` IKQ AH>@^3> TaA `=EdE
c ek k TACEdBI/EdNYbXJ
c T hI8^_I[EsDfACc ?@Dk^
I S^BJ b` AC^:J
>"?@IV>?@D@TI[> DcNBI8Ed>@>J^> kD ^cI#> ?Y c > B(h:T I[I> ?T Y^:I^LJ
>Z_DAêRB{^:D?~
]gIKACAC>FB
I[N
BQ L
6 N 9 ; Q ?Z$XA TT eIy#AHBgACACj
D D T bXACT DÂCD T`{A8c Bgh:J
II[BIKJ ^>` _wk ^S BE D SEUEdeIKJI > uT > IT Ih^ k^
b ^|J{^Cvk
D@e> S I[BJ
I[B{B
^>@D >TcA] J
` e L
c N/DFD cA LEd I ACc? B
c h>@I[^ >F>@> ? T c I/AHBg_^:JeD@]gÂHkBO^:N
?@>Q Ta`6 AC6BgQ J%L
NIê > T S I[D@?>
Lg]gItIV?_k^:^:?@BeD c AHJ
BgIV?@_IKIyJ ^CkXACD#> T A I ) AC?Yc B hcdI[T >F^:>@?>@c?AbXLiT Îk^:e?@I AH?@T? cc IVD1DI[^:EsJ
?XI[Lg?fI[LY c?@B^:DX> T > I[T ? I `
LbXS T >^1> eT IAH?@EG? AHc I[>@D>FI[A?k>@ACI[D?"> A T I NAC^? c S h Bc >FY> I[c ? Q ` > 6 T IXn{NQ ^ S$XBT Y:II[?I[EsLJ
?FI[^?> T L{I[?@? ^>bXT T I[^ ?
eeAHAH?@?@?? cc I[AHDYI LgIwc D1k^_?FÎB
>>@T?AI_>FI[IKEsJ
J I[`*? T ` I > T bXIyT klÎ[eY c AHhEUI[I D bXT c I[> ?tTA bXb T A8^N e` ACBiD S J_ T> T AI
DZA:_? c} _ c BY]? c I[DF> ` ACD> T I k> Ta` ACEdEikAHEUE c BO>F^ T I[EdEQ 6 x Q % I
bXL?FT ^^> T EsI[AC? D` _ c > h T c ^^ SS YD@EdT N3D JT AHIEdE cLiI[ID bXAC]{c >]gT ^ c >B
T >FIIKJ bXu c >@J
^^ b LiIK^CAHk?AA J|_ IKT{_c IKEsJAHD@IKL
J N
T>@^c eLgI=v cA#Bq A:c _[J _T^:c ?ZD JT
AHS Bg]g_AHI > c bXQ c 6 > HT g> Q T $XI#b DA^ _u?Fj IKcJBgJ
EsA Dbt^C`kwve D@S ^:DFB>D Li` AXI j
BS ^ Bib JBA
u
LibXACBi^T Jt?@^ BiA1v c DyP1bXLg^TIVEsc ACEdYI#jÂ >>FT>@` I[ACI Bi?FT
IvS LiADF^kLg>@?FACI[BBi?yL
J> N T E cIbXhI[cT
hD S I[`D@DobXLi^CcACEdkiBgE^J*Li> pIT DI[AfJ|?oIK eACS >I[BgTaBaJ` A A/T ` I AHPBgbX^J EsT AC^ u jT A{c ID Q
^Li6 >^T 7> I[TQ ?1;"c eBS IV>#> BT> c` T D#_[ÂE DFc S kIID@>IyAHb Bg>@^^J/_> A?@T I8kIy>@ACI[> Y?1S c ?@hJ
I[I[IKD ?XAHà> > bXTaT `TIyklÊU^^:?#AHD@?@D> ItT u I1Li^Ck^k^
?F> B/^T JI^Ck ?FDIAbXb _c ?FhACIK?ZIVJ J|D#DZ>@^Cv ^ k `
Y$X^T J
IDk^
^:^?E c eD T AHBY I[c hD I[?bXTu ^Hc k_ T(AkT S AHBDI[?ZLgAHIVEaI[B?FI[]gY ACc h:DF>ZI[vXB J
u ^
>@I[^DX> B{T Î[>=e?@v[IKQAH]6 > :T I Q
?@c B
I b>@ÂH?Z_J^:ek^]g?oAHACBODaN e` _[ACAHB
BN Edb ^
^^?@j> T ^NB Y bXS TI[DFc Ed>@ItD>AHT D\I[AXN/eAC?FACItB `VkIVc BgIKAJ J
c Be YgcQ D@D 6 c :LEdI Q
u
k)I[IKN:AHIKLD@J/E>c v#Bge>JTACeBIyAHEUkl^:^BD@?#D1LOD N ^Cc |k=T>>N c TD#` Iy^]B?F?@I[II D@b IVbXACBgT?_JÎklD_[^SA ?1SDFBI[I[?Fc D1BD1I[>@k>^?FN ^>e uT Y ItSbXYI[TDFc h:c>@>@DZI[Iyv ? ` EdI[AR^H]k^?F^>BTD@IwN I ~
kk^:^:?#?#AAt>T
T S ^ BgS J
D?FACIKBgJ J` Q ACBi6 :J^Q B$XIfT ] I1S Y B c ch:D I[T ? IKJ/u ^HL
kNA A , ?u A>FJI[?@J ? T c LAEdv=IKv#Ed^JDFI[c DFD#IK>ACT DFII
?@; I ?Zb A AHT ?ZeJ ÀCBiJ ACS DtIRACkD^?1A D Su Y _ S T I[D@A>v B^:bXB
T ~^DZADZ_wA? c}_w ? c}_ c AC_E"I[DyY c klk^> ? ` k,
^S ?J
AH?ZD1AHDteeACB
A8NN
>@; ^ ?ZS A _ T T eu ACJ BiS A ? `c B{> TY^ > S T Y IT eEdIKI8ACAC?FEsBv IKbXJ c c > ByT > TT cIXD1E cIKeJAL{`DKQA_[6 _w:I[]>@Q D=) > T Bg?@J ^ S c kY T A
u
]iY_^Cc I[h:h:? I[cI[DB>@T^ >F`S ^/E D@c BjAIVIXD@DFADI[EdhAEdI[I[?tDFY D@c ^CI[klEi>1k ^C,kk?@^:^:S eeB
AyL DS LiS ?FIK_BO_T >=^_eEsAMA8I[N Dtec ^:BAC?ZBiJb v S ÀC?F>FTI I[I` ?KQ u bX> 6 T c EUACE=9 >t u YS{0 c c^
h:_FÎ[j
BgJEdN vv
>@>@ÎVeAy]] EdIT ~N
]D ? c c _ I[c DFAH> Bc D1] S Ed^D#D@AC> `BgJACBgLJ Ed^
u ^> TJ AH` >1L S Y >c huI[> BiT vXAH>#>@^/]?FA I[D@S I[D B
S >F?FIKI[J? v >@Bi^J
A D
BLiÎ[I[B]EsA:Y _c h:I I[B3u c B(>F^3> T A I ; b ?^:A ?@T EsJeAC^CBgktA > T bXI/T ^YÊ J
c h:Dv[I[QDyLO6 N 6 >@Q ?AJ
+I/T > ACT > AC>T AHc DD
B>@^^:> A u ;S DF?IA k T S eEsv ACc BgBAf> LiT{c^D ?@Bb ^^H?Fk"EsJAy?FAHI[BgeJAH> ?@T ? Ifc I8BJ Ib >^` eACACBgB J u u ?@AyIVD@]I[?@eIVD@LI[EdB
I[>ZDvv
AC_EsBAC?F^:IL>EsACT > ACc >y^:B> T > IT ?@k^ ^
b ^BJ bXc BOT>F^c _ T ACD uT c I[DyD8^CQ *6I[:?FIKnJQ vy;">@^S >y^>> TT II[? bXS c BDFIT ^:J
EdIwN ~ `
cABgJ Ac ]iJ|e^DFcI1D@D D@c IKL{_EU?FII[> ec ^:I[BB D ` ` LIVB Ed^
S êJ I[`:? ACI[>@DI8TaJ` eACLiAC^C?@h?FI ^ ` btu ` c DAHBg> JS ?FLgB^:IKBJ IQ c BO>FÔv
6 :x :4 :b:T ::C bXT Tc bXc
_cDX^:e] S ]g ? AHc BOQ IKNJ J
` Î AC BgEUI8JMJIK> L
TACNI1?ykL
u S > N TEdE I1u ]J
?@I[ACI[D>DF_I[? _ Bgc ]_> IyIc k^^CB ^Hk[vk#^CS kw> v=B b > _wT ÎI ?F~Li> ; T ^N?Z?FA B(uT Y eeS I[AHI[DFB3Bg>@ACDZAvD
bXD c J
T IV^?@IKDJACBgAH_>Dc k> NT I/A_DZ^:AHeBg_]g> cAH B
I[NO?@QD6 ^CHkgQA$X_Tê^:D@]gI1ACeB
N I[BbXe T ^3S D@>XAH?@LiI/Ite_^^B|DF~>
EdACIK?FACI?FB> TIKJ IcJ
BIVDZAC_EdI[EaBi> JT ACItB
>@DI8J^CACk Dt, AC?FBi^>FJ ? c c NOBAHDKACQ EdEa6> T I7 Q ) )BY
$ACD ? ` c BgAHACBgj J c jbXI[>T A ^ `
^c DB{IhI[bX?FD@T IK^J jc I[B(I[]{> DT I hD Ic DA) _B?FIKYOJ AHD ` ?F> I[T D I` A DF^$ B(? c ^CD Sk]gA AC?Fb BgÂ e` ^:ACBBI ebXACT ?^ ~
?P1c IKN:J(I[D TA:_[> T_ÂC?DZJ AHceBYAHB >@`^6 >T {I Q ; . ?B{A I T ebXA/T ^ ? c j
>@I B` ^ b^B{DtI > T bXIT êI8D cACBB Yc BDY> T ^CI k
>T T AHIDYc I8hJIVAB` A1ACBi> T J ^ TS IDZAHbXBgJ T û _I^ b ]iDZ^ v S ` BiAHJ
BgD Jc Af> ` _AI[B
D@>@> I[S BiJ
ACI[? B
c AH> B` ê BSI DFbX>\TLiÎ
_. ^:B/BD > c T J
II[?FJIKJ/A8NAHLiD I; k^:?Z?@A IyT e> T AHI Bg,AC?ZD A:bXJTJ ^yT ADZ~AC? Bic >F_I > c c kDXN]gAyIV?_k^^:e?@e]gACI8JB
N
` Q^:?#6 :^B Q
>D@T]iIIK_J>#A8AHN >bXEdIKT AHI[D@B>> c T >X?@>ZIVAHI j; I[DX?ZA ]T EsA:e_AHI Bg` EdACI[D > ` DTS c e _ T c AHB
D h cT >FA8I hbXIc Lg> TIVI[JBS eItI[?@B
Iw~~
6
>>@c^/^B{A IKJ/u ? c AC>FLiIKv ^Chc BI:Q T 6^::B^ Q S ?t)^C;k?Z> AT T IeeACAHBiBA I[DbXDT T ^ AHTEUE=ACACD1E bLiI[A8I[N
B D1c_B
^h B
c >@>F?FIK^J E
T> T c eI DF, I[?E}AkJACJ BgT JA Bu ^:e >tS ?@D@IK>1_ c A>F_I> > c T B/I> T II8JDZA AH` eACItBgJeACT BI BbXIV?ZT v[^Q ]i6 I[?{kQ ^:?@0 e^:D?
>u TbXIT IVeBAH> BT I[I[DtN ACb >F>@ACI[EdBgjvoJE c> jT IXI > cT BOI h cbX>@I8c BgJ J ; ` AC?ABgT JReD c AC>BgBAHIKD AH` ?k^> TEdEdI[^ e b bX> T T I[I[e B
>c BOT h IVcN>@I8ACJ1?FI1>@^tD@IKAXAH? >@cIK>@J*I Q c B 6 T 9 ^:Q B;"^ S S ?o>#^HA kg>; T ?IXA TY:e^J
ACDoBgÂ ?abX^HkT >^ T ` I=LgeI c BACYB{I[J D S`8cEdBN
ACA/B
_N ? c beA8IKNv ` L{AH?@BgIKAHJ jODu c B u > TTIc DyAHB]I]i^ >c B
L >@c e?@> IVT BOv>v A ` TLi^:IK_Yg^:Q e6 I[ Df6 Y Q Sc;Ed>S N > u T ^HI k
bXb ^:T e^ ` AHLiB I ` c >ZBAHY jI[c DB
h S c ]g>@IK^:J B >FT{^c eA D@,I[E}?ZkAACJ{EdJ EaT > A T ` IJ{D ACc BEdE D c IVbXD TbXc _c >T T > TA Iy,
Y S c J
h?IVA ?
u
J
A8^HhI k\cI[> ?F> c D@TI[ID I1` kk?FkIK^?FAHeI[D@I>ZvDFk>@?@_? ^:^c ke!eI ` e ACACB{Bic >@YJ>FI[IK?IVJ*`BgQ J
_[6 AH^ :?@b nIIKk Q SJ $XEXbXT ^Cc Itk> T ]eS YAH??@BcI8>I[ACN DX>X` ACh I[?@hc If?@I[> ?]S ?I[_ c DKTeQ AHIVD@h>FIACE`
6 :x :4 b :::CS : bXT T u
?>@c^hI8LgvI > T b Q I ^:c ?X?@^D ^T? c c ]YEdIK]gc ACB I8?F`J*BtAHQ kBgJ 6 EUEdCbXNickQ > ?FT^$Xe bXT T I AC>Xu ^h_eACI[? ?@c ACIV^ eEdSE
D>^vB I[c _IVD@EsIDXACDF> D@eT I[I[DAHNB^CÎ[ktDS Y> J
T T II >~
e2 AHACB? c I[j Dc ACAH?FBgIJJ
> IKT _wIyEGAH?@?@IVIKD@J> ì>@bX^T ^LgI AH?@> IT I/_ TD@c Es^:J
B?FDI[B/^Ck^Ck ACEd2 E#AH> TB Sa^DF` I> T DItACY:D@I[^:D B `
^C?ZAHk Y %X` c AC??@ACI1B
NODF>ZAHACYO>FACIK?FJL T>FÂ{Q LiI16 > 7 T Q I1$XeT AHI BI[, D=ê^CkoAC> DT AI J
D, ` A:> J T T INOACDF^D `BACD1Bg^CJRk> T c I ~
)b ^:Y:?@B Esc J D T u hAHACD>F> >ZT ACI#D ` e> T ACIBIV_ DZTvoc Es^HJ
k\?@I[> TBI#^CYk ^2 J
D8AHQ ? c 6 j :c` QAC?@$XIfT kI AHe; AC^ ?S TD c D c BT A:> J
T D I `
Lgq1^:A ?@c B>NOAH^HD k ` ) q1>FAH? BgcÀ8hACAC?FD I3`
?@I8AH_jO^D ?T J
ACIKD J` Pt>@^(ACBgLiJ I T ACu ?F> hT ACI3D `*e, ACBiBACIVjDZIwv~J
^CI kc > >c I[T D I `
]g>#T ACAHIDjOD> T T D AC^T DDFACACI/>FD ? Ò^Cc NO,
k1AHS > D ]gT ` ACI >?FT Bg; I AC?D A ) ` T ACY:eBiNOAHACJ]gBgAyACAHDtD ` > c >TeT ^BgI DFIAC% ?^HACA8k#D h ì>c 6?FT L:IT
SQ Y$XA Dc TD@N
>I T AC, ^D ^`DFI/eL S ^CA8>k~
>> TT IIf,|D@^S B{jD#ACE ^Cc BkD1> A8T h ^c DFI#u ;^CTk*? > c T Y I S v,
` S > J|T ?ZI ACD8% Q A86 h :c D T Q e$XAHT >@I D=, > ^:T eIAH_ T]gcACEsDJ
?FACI[?FB I
^C> T k I ) ,
BS Y jc ?ZAHACE cD B{` D > T u > I T I) Y:c DFNOD AHS ]gI8ACv#D1^H>kT IAH^CD *c D D@T ]> ?T c AB{QY/6 ^C:k Q S . EsACBDFIy>NOD A T ` ^ L S S EsJ >
j
B Bc J^ ACb Y
J > TT AHAHD> ` u > ^T > IT I[1?A8_h
EsNOACAHDFD@D I[` D> v T ` I > T ; I AC)? T{Y:c DB T c JAACJ|Y
D J` T> T AHI D ` ) > TY:IB c )D T BihACACYC>~~
>ZACAHEd^D B{` ACIBgQaJfn 9:> 9T Q I ;", SA S>aej
BNO^ AHb D ` ACAHEd?@D@I ^Xu > > T T ACI>*e> T ACI[B?FI[IDIv* ^Hc kgD@> > T c BI > ; T?Zc AD T u beÂC?FBiEGJ{ACDv
eDZ_AH^ AHYS BI[BODtI[>FDEdDFI[]D@bXD?ZTAHD@Bc ^_ Y/TB{DM> T T AHA8IBgh:eI/JAHLgYBIV?I[I[ACDB-Bg` J
kIVDF?FB^^SBeeDI[>^HT?kACI>@> I8TeJ*ÂHQDFBII[n _D19T>6 c TIQ kI0_YEs?FÂH^J
D@eD@DIVD/AH> BgT ^CJI k
>> TT IIXeq1^CAChBgACA8LhEdAHID AC` BiL JtS >> T k?FI ^c eee> T ^8IhACY:L{ÊJ
I D1c B> T J I S IXbX^T ?Z^:J|EdI[I ?KbQ^n ?F9 EGnJ Q ` & LihÎ[> BT
b^Ck*AHD >@c I[Ed?hI[^C?=*Î[?=?@I8AJ J
^:bX?@cB> IKT J kAbXc c> > T T u D >Fc Êdh>IVT ? Iy` ]e?@ÂHJ BS I[_wDZI[v D#c BI[BihJ
IVEdD@I[D@D@IVD EUD1u LeE c AD@DJ
v[I Q
c>n D*T 9:eI1x Q ^H^0?FI Î[??oc ec B> bX]gYc^:_>F?@Î>~ACLg> B
T ^:>gIt?@>BY:T êACJ
BfI[D B> TbX> ITT? IXc c_ >@T? I c >F]{c I B ?@cIKTB _^:I8T BJ
^Î[BDS ^ ?auS >^C?T k^HI > kT , I> ?ZT Y:AIXJ{êJ
J DKT AHVACBkD^:I[v ?D `
T>@I[AC?D1v[QoLin I[9I[B(gQ J
' IKI[_> EsACT?Fc IKe J >@^?@DF> LicIB
hAc >@eIIKA AHu B; D1?^CA k=T ekÂC?F>Bgc A:kN v c c BB Y T u^> BT ^ IS Es?oAC^C>~k
>k^T ?I>YT ÎJ
D##AHACDj
AfD T ]AC?@D^:AC>@DIK_wJ|> I[c ^D@B>F?@^Ck^:N?A > T k I S Bu ^CI[*?ZAHI[E1? c B{DZAY_w>F? ^c} >_T I I1bXeTACc _B{TI[DZcvVD
Ed, I?ZkA:> JbXJ cT > A:T v^ S Lg>XI[Y D Sc B_ T AHBgAyJ ]I[?@^:Bg>@J IK_bX> c c ^> BaT QXu nA9:? 7 c Q>FIK' v I[c > B TT c e^BêS AH?1j^CI kXu >> TT II
YeÂHJ
BD8I[ D8:c >k^D ? T TACEdI E#bXBT^:^>eLiI[ACY j:c B-I[D AHc >XBgJ(LiI[I[Y Bic B/J ACbXBicJ> T IVBgA J ubX? c c >F> IKT vA >@^3u ? c > >FT IKIv
c]B ?F^T Y^:IVBBO^ N
S Q?Xn ^C9 k\>Q T ' I1I[>eT{AHc BeI[D D@` eDF^
IKÂCB?X]iAfI[] ? Sc D ?@T IyI[D1ACBg>@J^:YD@I[I8> _T E SI[? J
IKbXJc > ]{TEGA:T_c ID
bXD@^ c S > T> T _Q/^ b n J9 {S QB{Y $X` TAHBgIJe_VAHACB?@IwI[k DtS EdACEd?FNIeACACE b j:IA8NOc >\D1DF]EdÊdIK] AHc D@BIKYJ >@^bXb c > ACT ?ZJ|^CD\*> I[T ?I ~
c^CBk#Y? Dc heI[?FA:D J
` I AHc BgB/J ^:c ]gBI[B DFIK` _BiE SAC>J
S IK?ZJACEdDFEd]gN^:] >@SDKQ?@Iyn ]9 Es{AQ _IV$XD ` T Î B/u >DTAIt_? Lgc AH_BI[j
?ZvD
kDD@^:TI8?@ACACe>@EdDEI8` eJÂHB > jT IbXI c> T?yT c I_ ACT Lu cE LB
S Esh> Acc ^:J
>@IKBI[JD1D v` ^HD; kc >y?Z A J
TS ^ eDZbARAHBYBg?ZAC^:AHD BD@`KD bXDFTI[T ]gA8^ h:AHIt?ZT ACA8Lg>FhI IVIXÌ[BJ ]S ?@]I[EdNtEs]iAAC]i_?@I8I[I8J*?J ~ Q
D@]in I89I[AC?>@k Q DS `*%eT A8I[Ith D c` D BTLiY1ACI[YEd]E c EsBAT B_Î8c BB{Jy^ Y S> TbX?#^:c > >D@T TI#I[L{e u > EGTAHbXe^D@c I[>I EdT I[bXDFkTD ?ZAH^t; YAC?Z?ZA?FAHIT B
e>Xc B
YOACh BiACc >F?FACIKEsDoACJ Bg^c BJ
B D1> T T AC^:IBgB
c J ?~
^D@IVS DZ?ACe^HkwS v"e> T I1Y?YA ^c BJ
DD8`QnAHBg689JQ L% EsAA8hJ
cI[BDYt^H]k?FI[ D@SI[B
DZA>FIKJ/Y:?Z>FAH^D@D > ` T >I[T e I b ; AH?Z>@A I[T ? ~ `
eA8kl>@AHI[Bg? A T u A8Dh Ac _B? Y#c} ?F_IKI[_?I voc h:D TIKJyAHEd]gEOIV^H?@e IV? c DFu D ^c ^LBEsAHu> >@c ^^tBJ
D^1v cD@Bt^
v> T k?@I=^:DZe A:_u ?@ACI8EdJ Esv* > ?@T I I `
c;, B??ZY1AA JT>@^tJ eT > ACAT Biv IXÀ ? ^:uS LY EUEsSI ACÌ[> DF]ic >@^:I[DB?v\klD^_w>F^?@êBK) IK^ J cYBO` B >FACcEd`DNO>@Q*A^ n e6:, 6^:IKQACeB% A DoA8` ^Hh ACkc BgB{]JRY ?F^>@>F^ ?FIKD@_ > > ` ACc ABe_[Y _wA û ` > ?ZEdT JOI[I>~
kT]^
cEsêA_wJ*I QA8knu >F> 6I[T ?nIb Q AC^C;"?*SJ
I[>D1? c c DZB{koACYB> DZc ^ vDkNuc B
DA>F> ^_T ?FItIK> TJeIv AH T B?@ACI[I BgD#Ju L
c D#N^CA8kAhA A Y c c ; EGkAH>X?ZLA ^HEdT kIKev DZ`:A:ACT _BiI1? Ac}D T _ kcACÂHEd? EE
>; T ?F?ZIÂ D@T c I D e` ACI[?@DFhBi>\IVACB/^HD kbXD > S bXT _ c^T _wIjOc ~D#B{LiÂ^b?F;Bt?Z> eTA T IIVeBDZ>A:ACT _Bi?@IAI8AHQdJ3pBgn_>FcI68I[x B
>@Q >\D$XJ
J
I T I8c I[> _cN EsI[ACDa?@u IAH^HÈdkgD@>Ôp +T vXI_VT k ACSACEd>~E
Bc BI[?eACE*AHDj Ac _B? Yc e_I I[` Bk?F]{I[I?@^kDF?@]g^:IVe?KQAHBn Y6 IVg? Q ` IK) AHklD >@c I[EdN? ]T EdI IKAHT D@ACIKDyJ ` ]gI[I[e?k]^?FEd^CeN:IKIKJJ
I[Edu I[>e>T Î1TB cêc LI[DEsAHDFc >]Bc ? ^c DBBS Dj
_v EdT I c BbA> AHTe>@I I[AH? B?FbXBI I[c ` >?1T u AC> T BgTACcJDt>tv"? >> c TT Y I[IT N> bXI[T T BgAC^J BgEdI1Jc BD@Î[B? > c T IV> ID#T ^CIDF^k\DFS _w]g>I[^:Ta?~> `
u bXT I[?@I/T > T I/_[ACj:I[DACS ?FI>@^ T LgI]EsA_wIKc Jv[Qn 6K7 Q T ;S > T c}A8 h c cB{Y
keb ^
ACÂ:?ZJ
J J|I=`*DXT> > IT ?FItI[e ItDFS ^ _[D@S AC> >j:` TaI[_DX` ^:]{^BgEG_A:I[>"_B
It^C>@ka?> ACT> > I[c I#eB{Y?@IVêTB c ADtu Bge SJ|c DI[BgA?J^CYACka?BgAC> DFJDZACvX> >=S IwDZ?F{A:B A:_c _?B>@Y/EdN _ >F^CcAHB ~E
>^CT k[vItb DZAHAHe>@I[I1?8Qen AH6 BBQ I[% ? A8c Bh c BbXYyT{c^C_ *T I[?@u TI8JIt>]gT ^ ^:S D@?@II8J_VAC^ jS IV>D> AT _VIf_Ê ?c LgJ AHc B> Yc ^B{>@^ D
>T T AHI BgJ u ]{bX?@I[c D> _T ? c uLi> IKT JItvX?F? ÔS ^:Ed>@I D` ^CLikwI vc B> YT ^:] D@S It?@IL{` EGA:EdI[J
> I[DTc ^Ce kbXSc ]iDZI#AR> YT ?ZI#AHD@DDACekÎ?
>c BT YIXD DZACu j:EdI[IX]i^CAkgv[Q(> T In 6 u > T Q ?@IV% IA8ACh Bic B_I[Y D@>Fu ^B?FIwDZ|v >bXvyT D ^1c ]]g]iACIK?FJ >ZACb j:AHI>@^HI[k? `> T > I S ?@bXBc I8]
J ~
?@T^ c DtS BgLJ ?FIKu AC>@> ^ Tab ` ACu ?Z> J|T DI> TDZA:I_B? c}^ ?F_w> I[T ?Zv v ` AHbXBgT Jy^/> j
T B? c^ _b I#D1DFEd> ^ T b IEUNfDZAD _wS ?@]IK]{J?@I[>@DFID@IK>@J D
DACT BiACJ EdE > Tb I^?FeD TACc B{] I[DKu >QT nI6 Y S Q AC'?J I[c> ACB3Tc eJ
I c Y> cI[I[B
D>@Ed^CN/k[vt]i^> TS I?D^ c S 3>tDF> IKT ACIDF^?@BIwD~
eAC>FA>@I[c BgB
>J
c I[^:?B `^HkDFe> T I[IEdE*b> T AC^>FDFI[I?_[BAHI8jACI[?D ì> c T BI > T_[ACIj:^:I[?ZD J
` IVAC? Bgc J B `bXbXTc c> _ T(T > T IKI[JN
bD c h:I[?@I[IEdN]hEsAI[?F_NIKJ D@eu ÂHBEdE> ]gT ^:I?@> Y:c ^:?@^BS D=BgkJ?F^v[ezQn > T6 ItQ _[AH;jS I[>tD `>ZT AHIj c D BT YAHEdD E*S e_[_ACI[j:D~I
>> TT ÎD@?IS EdD@I IK` AH>@LiIKIJ k^?F; I ?A u >T T eI c AC?tBgJA c BI8B{ACI[>?ZvV> TQtI[ne n 9 `Q c B-;"S A> _V_c ^k?> JT ACI Bg_wu DI A_bX? cc> T ~
_?@IVI[e?8p DZ^v=>FI[kAC? > Tu ACI[Bi? _c I[D=D@>FE c^h ?Fc DZBv[Y `:^T ? ItT e IS eD@>=A8^CN*ACI[Ed? D@û > TklI[ItIKJ _[AHTjcI[DtDvXkAC>@>^T > I[T ??@IVACI >
6
>nT n I6 Q k S ;BS I[> ?ACT EI DZAbX_wT ? ^c} D@_IIkAHAC> D T uIV^? Bc ItD#^HJ|kIKA> JT IK`
v bX;T{c?EdA I T Tec DXACBgY?ZA AHuBgY J:S kI[AHDF> >@T DZIVvV? Q
Eu c > h:T I[ACD >` D^HT kwACv EdT{E ` c D"A8kY>F?@I[I8?aAC]>~?FY^?BAC^ BgS JOBgk_ ACc > BT Y I[?KTQoc Dnkn:ACn> Q T I[2 ?KpACDB BgSACTeAHI D` J
eIKI[_wB
EGAH> ?@c IK^:JB
>u TAHDAH>AI Y c S> T I[I[DF>Z?/v ` > T ^:I? u Y:> ?ZT AHIyBgJ:Yk?ZAHAH>BgT J
I[DF?^Bgev A8T N3A8h IKc AHB{>MYAH?@>IK_>I T c h:ACIK> J , ]i?I[A?@Je J T c DA ~
Db c ÂHB>@I[` ?yee A8Ntc ]gIKJIV?kbX^:c?@> e T cD@> IV` DZACAHeD T S Ie J|Ì[cD B c ?@IVbXDKT{Qc n:_ nT x AQ % LA8EsAh J
c BIYf^H]gk^ S S?@IKDJ A
YT ?IACDD@TD ACT EdEAHDY c Lgh:I[I IVBu >@^/]{EGIKA:A:__ IKT J v1`=> c T B
AC>@^> u> ACT LiI ^CThIAH~BgeJ
DyI[B
^C> k1c ^:>BT IKI Jvu Y ]gS ^:I[?@DF> >@c DZ^:v B `
^C?@N kXc >BT Y Iu >_VTACjIyI h` I[DDFA8D@NI[Esc vBY ` EdEdpIK$ J ^bX> cT > ^T DFIk^
ò^, J hAbXJ c T > TAdpLi^n> nHTgTQ AC;"BgSJ|>D ` _V> ACT ?I ~
u
e) DDAAHS _Bg?Z? ACAHcD D=`_kI[e^?Z?v IK_ J T{c Lc c >eEdACN> D@c D@I[BBgE}Yyk*AHD>Z^T_ BT AHEd> EgA T bY:ItI[A8B
eN>@EdAC> NTBAHIV]DK>=EsQ#Ak_^
n:I ^|n Jc 7 >Q bXLi$XITkTc ^:_ It?@TI#ec >DXAHT LEdI I[?Fh^; ^:S ?EUYAIVTTBO>~>
bXc Bc Y#> T ] ^ S S ?@>I#LiACIBic JBY AH>@T >@IVI[BOEsJ > c bXhI c >` T _VACLg?@Iw^:k > S T/EdEdTNtAH]BgEsJ
AD8_IXQ^:nn:Bt> Q T IX' I[Y> ?@^ TS c eBgJf` >LiT II ~
D@D IKb AHI[D@I[^:>1B ACc BBgY Ju DFk^ ^:S ?t?X> eT Ic EUj? c ` _IKACvBg` J D ST ^:_ T BI[AHN Dt` n:Ln?@^:>Q T u D) ACD Bib J/I[Ed]iEaÂC> DvXT I[h?@AHL? D c ~ `
^^Ck1S D D@^Cu jkl>tc BgkJ
^
D=^J ^Ckw` v ?@T^
ÂH>F?ZDJf` kk^
? ^S{J c >FbXD ` TDZc A8_ Th:^ ?@S I8?F NS{c e?FI1IKeAH> AC` DFAC> cBg_[JAH> kc ^?ZAHB Y` ?ZAHAHBgB
J >
c>ZJ
BAH? Yjc BIy] j
^CSD8kQ\?FIIKn:A:nAC_BgT QJ) u ACJ Ed>@Ec >FD >I[T TB
v c> ` D c h]T I ?FI#^` D_D TSEsA AC_[c _Ede EI[DF]c DB?Fc YI[hD@I[I[c Ed>@B
N Dt> c BOu S >@h ^ AHc E>@Tc I1> c c D>IVT DKY I[QS eIVn:D@n>@>@{D^v Q ` ]i'LiACI[I?>~~
TACBc eS B
^>FB/? S B{> ^MTa` A:B_[^_^?"S EUIVB
> >TJ
c ?@e^:]>@^ AS _>FT IKAC> ? T ` ILgkI8^
_^^JebXIc AH> TBYT?Fc N/Dokl^Ô? ^:S>>FB>@^:I[??
h c ?@^:IVEd>ZI[ACB
D >@` EdNAHBD TYI[AC?yj:I >@^ c >KQyTc nDyx:I[9 BQ I[e) c IV>FIKD AC` ?1AD@kIVACBgEdJ
D@I DtT > ^
T ^|I Ju >@k^
^ ^> JT vI/>@^J
^:> YT D I `
DT_c^c BeB
B>IVAY ?@_cDK>hQI bXn bXc x> c6T> Q T T+^ c D"S T>Xk^
ACY:^>F? I[>S h>FJ
IV^Y ?c > BeT Y IA8Nc >Ki]ACEdEdj
I[IKD >ACT DFTAHItDZc eAH> T D Ì Y Atc ; hD I1?T A ?ACT c j Jec J|BACEUYtIVBgD#AH>F^tDkl?@` >ÊUT eIVI >
>A T Iu DZA:"_IK? Jc} A _` I k^:c ?B > T T ^:ACB> ^ c S Dt?ZAHvyY^C?@ktIVIK> ACT LIEdIe>@ÂCB{> I[T D I`"TeI/ACBe IVS DKQDF>n Edx I[n> Q u T) c >D
YEdI[S YIVI[D@Bi>@J
Dv D ` T >ZIKACACEd?1I[D > ` T ItS ?ZACIKBiJ{AACD` ` > TACBgI JW B DF>Tc c > EsS AC>FD8I[QDtn ^Hxkx Q> T %XIyc eDZADF_wI[?@E}IKkaJLgIEsA c B{btY `
>?@J
TI[I[]iIVE c eIKY AHT >@>@>@IKÎ8J
J ]gEdN` ACEd?Fc I[>ZB
> AHh jTc >FI=c I eYu ?Z> YA:T cJ IVhS eItAHJ
EU>@EdI[^#NtE cI8ACY ACBiT >ZJ1>=vD@L
>@Ed^N ^ b >u T^HEdNI IVu; ? ^Cc ?k*BA IKYOT A:ve_ > T T ACIBgJ AHckD^
D T ^|` v J1_[` A AHAHS BgBgD@JJI
u ]?A c D cS BY
v c >@Dy S ACc}E c > c I[DKQyn x S gQ T ' I[> Tc eÌKAHYT I[?FS EdN/TI[B
T >@I[?F>ZA c B
D@D@AC>IK>tSAHA>J
I[ku B
^H> kB` I[I8AC?ZABiAH_ JtET DZEdI[A:Y > _S ? T{IVD@c >Ze_wv IM` ]{DZAEG_[A:AH_J>@I#A >FI[A ?Y 4c B>FI[Y I[]i?KACD@p I[DtEDLDFACEsê AHB BS je>I[>oY:^ ^:?ZBA Y c > B{T DtIXÎ^B ByLi>>ITT AII
YLg?FI ^ SS D@BgIKJJ{Qavn AHx:>7 QA $X, T ?ZA:IV?@JIJ AHT ?@A I` > AT ?@JI[A I=S eY T I8>@ACI[B?8Dip D#^CkD@^:DZAHB Bg` _A > c4 _[I[AC]g> ACc Eo^:B LÈsAHu >FB
^ ~
ju ^:I[>> T ` I[AC?yBi> J(T{c D@B{I[YDDZACve kS ^:e? c > Y` ?A _wcEUBI8ACD8BE AHc BBgI[J(DFD >` T D I[S N]]?@I8?FI[_D@^D ec êBI[^HBgkJAC>BT Y:?@I[I[? I `
TACACBgDF^j>J IK` J ACACL{BgL
D@JN I[Bg> > T_wT II I^Hu YY k cS hT I[I[ACDF? >@D@DZ>Fu vI^CQk#D T n> AHT x EdI{EaQ IKkIKAH) AH> D@Edc >EBv > ` TD c> IyEdT I[IklBiÔ_^; IJ?ZA u e TI[heS IVD@B/AC>1Bi> LiACT D1I^ SD h:T Y I[AHT?@EdN v E
BEd^^B>Y]AC?@^Dt_>EsAT cIek^
> TÎXJ ?@S I[eACE cA > c c BI[DaD ^Hb kgAH> ?@T e I`DAAH_Dt? cEd ^_Bc Y/ACE
AHkDt^
^> J*T IVQaNn x IK{AHQ > ) c B D
D_cEsEdA I[c Bge_II8J` ÀHDXD@ÊdÊdB^YBYAHDX> T > IyT Ie AHS BACI[E Dc > ]gc I[ACD=?F>Z^CACkj:> I T Itu ^Ckk ^
c^>Jv[QtACn?FItx BQ ^>X+]{T ?@AH^C>~
u AyY S I[D@>vXIKAH>@D ` _w^ChI[? c B{Y Tc D T IKA:J ìbXT AC> T ItIKAC>FD bXc > TTc D
kJA:AH_EUIDX^:> S B ?FBu TIKcJDX>@klI[^ I[b >ZACv ?Z` J|> DT AH> >XT I> T DFI^ S > ACTaj
`D bXT ACT DZACAH> D#T _I^B{IKD ACS >FeD IbXQXc > n T x {DZQACB|) ~
bbX1^TACeBgc EdJ{I/AHACB > EsTA` I[AC` NBgA JIKh AHAc >KEdEGIQzAHS YB nCIS ]_ 9 T c Q Y e ` +AS D@T _>=AC^B> _F^:j u>#` ACEdB
A^
N(^J
j^C^:k[Y ACv`>X>A/> TT I[eI D@I;I[B?ZDFD@A I[>FT I[? eSDAHAHAH> Bg>c BACYA D
L; S ?Z?FA B
T >e~ÂCLBiEsACACDZ> vc ^` B ^:` ?AHAC>#>yA ACu B
D@NÊdI[? ec >@I Bgv=c B Y c T k> ^` B{AH^ >#S A?y^CJ kXc B> BT I[I? Yu Y^cJ
h:DI[BACBg>@J^
eLiÔAHACB?fI[De` AC> j:T I[AHD >tu ]> ?FT ^|IJ ?S c _>FI[IKDyv BS ^D@I[>fEdI[> DFT DI L
c NB
>FcI[B BgT J
ACIKE J c B?FYI[D > S T EUI>8QD@enH IVEU6 E Q u ^C) k
>> TT I?@^ ^CbX*c BI[?Y c BT{Y:c DZDv I[` NAI _wu ^|^:_FB/j > L
T N/I[e> T v I` AA c Ed?^ b ^Hk~@_[TACcDFD >@IybXec BAHYBD ` L
ANJ
>@^^ YS _ L
T N ~
cJ
BI Y _ u c > I[T B
I[> ec vVBQA nC
E cneQ L W `kÂ?EsÂCeB{I ItbXec > AHT B ` A A?@Î8JB{SI~BgIVJNAHIKB
J>eE c ACeB L ` ` ^:LiBII
I[e h:S I[BDF>t> LgT II?@DFI[I[e?@h^CAHhB
IK>J^Hklk?@^> T eIy]g> T I[AH?k>^?F]eEsA:I[_? I u u ^CbXkXT > I[T ?@I I, > ?T AI JJ, T?AAJv J`*TT AI
cACD D_T I[I[> Esc J_ v[bXQT nC^ x_^:Q e$ I[^/DkA ^:?o; k?^
A ^T J e`CACT BgIA eu A8T N ^ `[S bXD@Ic > T T Ês> J
T I[IX?v]i` I[?@^:e ?c>FDF^D c ÂCBB
^CTkc Dtu TACLc DZc v E c >; NO?ZQyA TnC:egAHQ Bg'A I[u> Y STI[c eD@>FDZe v ` c D T AC^ EdbzEo> T T ÎB{j ^ c S Bg?J|DtA:_[^C_k=^:?Zk^
J ^c BJ/Y >F>@^C^ ~
Yc BIVY> T > I[T ? I[` e D@]?u c^BBj
EU IS > DT AyIVe Y?ACbXD@c D> v T` bJ
^ AHb >@I[B?XÂCBBgJy> T ] ItS >Y?F> ^ T S I[Bie J ` DZc B_[AHkl>@?@>FÎ[B
?~>
^C$Xk T u ItTc?FDI[eY S BiI[ACDFB
>@DZ> v u`
c bXB/T > I[T BI> J T c I[D NT I[T DA8v `hIACBg JMB c > D T T IyIKJR]g^:> T ?@>I c c ^:?=BeDZI8_[ACAHE>@Qa>@IVnC?@ IK7 J Q
^bXB/T ^ S?@IKD_wAyI cYh?ZIKAHJD@D B` ^:D T >tAC> EdT E*ILgIfDA> _T ?I1ACeD T IVACBO?@> Ifu^C^CkktJ|_IK?@_IVIKeAHD@ACIK> J c ûBg_ v1TcACEsBiJ
J?@IVBg^Cvk
>J
T IK^_wEGD@AHI ?@IbXT> T ^ Iyu kS ?BKAC Y:S eDF>@I[EdB
N>@vfD kbX^?FTD@c ^
_ ^TjT BA8^:hLIfEdkI ACEdbXEdI[c BhIV^DKQ(B >nCT OI{Q Y?F$X^ S T BgI[NJ
ACJ >#S > A c k Su , EX?ZD@A:IVJ?@J hTACB
A:>Fv=DK>@Q-^nH> TOIt{Q e;"AHBS I[>D ` Li>FI^k^:Lg?@ItI/> > T T ItID ]gT IVAC??FkIt^:?@^Cek AHT Bg^_BIIVD@^C> k `
>c B T I T , ÂCB] ^ c S Bg?J c ^CjktAH?ZA AHBgu A?FIK` _Î[B{B
IX>@Ede N:~@S vD@>J
IKkI[_wI8IKJACDFACIK>oJ > T) IX?FNOk S ACBB I[?Zu AHÊBDZI A:_; ? ?Zc} A T_wI ~
eY c h:AHI#BgA^v B{IbX_[c > ACT j:^ I1S ^> BuEdN
eQ\AHnHj Oc B{QY;"ACSB(>1^CA8*k>FI[I[? ?Xc B{> YOT vyI >@, ÂC]> T c BgI/J Y:c j^|AHJ|?ZD AH` BgA1ACBg^CJ k
>> TT IIDu AJ
_IK?F_wIKIKJACDFEsIKA Jbt`kAC> >T T I1I[D@?Z^:v BT DXACeD1LiS DFI[>I[B3^C*]iI[I[?X?k> ^T ?FIe_VIKACJ jIVAD _[bX_w^c ?Z> JT c B{> T Y/^:>@D@Î
_bXI[T ?FI[^ e` A8^:kB >FcI[I[? D ` T A8u J
h I[c BDZ_wY? c IKLgACI8>FJI[BACLiA ^C, h?IAQrvJJ TnC
A u Q ~J $Xc B{T BIMI[?Zkv ^
` ^YE c c D hT IVDe> AHT BI
EdT IKI[A8EdhEQ#c Bn Y7Dy9 >@Q ^W kA > T ,
ItS J
]g?AHA ?@`>ACkjACIVEdEd?D ^HT kIKAA:J
, Ed^?ABJY J cT B
A >@^ u ~@>J T c BIB1I[?AHv#EGAHIVDBOS >F>FI[?Z?@AD
^^CkBT> cT D Iyu DZACAHBge_IVID@>@J^:A8?@NDv > bXT Ic EdEoLiEIKc JI^CJ kS ? A c B{,
YS J
> T ?AyAC>fkIVeeÂCB
EdI> T/` > c T B IyT eIV?AHB^:I[?D~
JJ Sc B?FIKIJ Q3b n I[7Ed6 EG
Q p % u >FA8^ h c TBc Y/D1A:Y JS J
I[D@?@>FIVDZD@v D@Ì8J(EUIV> > T T{I/c e S Y I[c DFh> I c ^b B AC` >FpI[% ?XA8kh:^:I?1DNc ^ ]
S ~
]> T c BI[NY>FT Â8h:> TII[De c ]{]gbXIKT J ^b AC?@AHIf>@I[DZ? AC` > cu D bX c IK> J T ` >ACT BiI J/b J ^:c D@?Ze J
Dc vDFDpr>XT IVI[D@e >Ì cA8> kT >FI[I[??
u TT I[?@I^:?b AH> T Têc IK` v[dpt' n 7 nT Q $XT I ; , ?ZA T eT AHBgA u Y S IVD@>@Dv1D T c ACEdE
>c B I[T B^:BAH^BSD ?I[^C? k> T e Iep ACI[B>1I[DX> > TI[?FI Ib Li^:I ?ZJ h, AhJ A:J AT dAp{kc ^D#?#> AHT >I AHTEdcEaY ? T >FI[I[DFD>
Li]iBI[I[B?@c De c TD@^:cIKDFBaJD cQ^> nTB7:I ^Hcx ?XkQ e>4 T IKII ACE >; ` Ed?^HI[A k\> T > TeT c Ie ACBgk^
c AHB
^|DXkJ ^:EUIV?@bX>e TTcu c _T{eT c Do?FJ Y I[c SeD@]iI[A D@^>Fc D@BDZI v DK bXu ^HbXT kc ^ > > T T T ACA8> >ZThv II `
A>CT D1It> TeI[AHN BeI[D=A8^N/BJItc e?@IKS_w>KD@Q> S n D@7 I gQ u c B/) >tACDFA j c u B, Yy?A^CJkJ > T T AItv Y c S B I[D@T >F^D B{c ^kS > ?1T I[^CN k
AC?FI#DAC> c D IKJ ` > T I b ^:?ZJv"D@hA:J c >ZACe CAC>XAtP1^D T > Tc ~D@?ZA:JJ T A `
n9
u
u
ZDb >AH^:T e?ZI J]gbvAH?B^S ?BgjJACcvXe >ZAHD CSeACD@Bg?QaS Jn >Z7AHAC7 e> Q ua$XAyAHT >? IXc >@AA8I8kv >FI[c? B?@c BJ{T^
J ^:^:TBB c ~^ ` DFS ?ZA:?XS J^CDZJ kAT > Y:A T ?Z` I1ACDFY:> D T^|` IJ|> TD b ÌXû J >?ZTS J{II v
]> T ?@IVI]g_VACAC??@ACIw> k c S ^:E=B/]^C?@kI[]i> TACI?ZAHJ> c b ÎVBEUE ^Hc BkY > ` T D@IIVDZklACÔe ^J S ` eACBgY:J ?ZA uc B> T D I` E _c LiÎ[e?ZAH]gE ACc >B
N N `
^CBk[I[v?ACJ E=c DFDZ>Ac _wB? Y c} S{_c DI[T D8IKQ3J n ;7 ?ZAQ/T eBAC^ Bib ACD> TAC?@ACI>y>F ? SS IDZA? c Y_ ?ZT AHI[D@DD ` AC]>S AH? EUc}E" _[k SA8~~
>@AC^:Bg?@J N > u T >FI^DF>@IDve` IK> TACBIfD1e^H^k#?F]B Sc B? Yc} ` _VDZACA> _wc ? ^:c}B `_ c eACEI[hB
c> AHc ^BgB{J
IKD=J^CkAHLgACEd^CE*h:j I c` BgACJ
?FD I `
LL
NEdI[D@T D I[c ?@Be YDXc >FACD >Xc ByAt> DT AI_? kc}^: ?@_I[I1DF> >@` ^ye > Tc EdIj `KY, ^^:J
eD8QA8n~ 7 S{c _Q I $X` eT I#I8klACÔ> ^bXJyT{IKc AH_ Ty>@I[c B D
BAC?FÎ>X]{_[AH?@EUI[Ed]gIKJAH?@` IK^J Bu bXA:_[c > _T ^ S DFB
] >c _^CI[Dk#v >` T ACI Bgc ?JBgDACACEd> > S S?@I B` ]DZ?FA:I[]g_? AHc}?@ IK_ Jc AHL
E=Nk^
AC^|?FJ> `Q
bX>n T 7 c I>T Q D@%ÂtS A8_> h^:T cBgB_AHY#I[BgB
J J(>Fc ?ZD@eACAC>FD@cIKj(D@JD@I8> e TJ1I[c > BgD@T I J I ` Lu D cEdcB
I[EdI[DFh DB
c c>F>BIKYAHJDBgv J; ^Ck1?Z] A S > T T?@eI I ` AHEdeBg^
ÂCAHDjfB` I[>@EdDKI[^ m/>b TACn c?Z7 e J|{D Q`
u
^kCp 2^k[?FvaDZA8>AHNT jIXEI c LiS I[IKD8?J{ ACACE*2 DeAHA8IVBgN BJ b ACu I Li^ S^ T S?ZA8voBgh:]{JI?@ebX^Y:c S >I[_TB
T N S >@cDK^Bg _Y2?FcIKhA8ACI NDFIu >@^ ^2 S ?X> A8T Nj
IBkB{Â bcI[> IKTEdJ
IKNJ
BY:v[^:dI> p
]n?Z?@I1A89 N:Q >FI[^% ?Zv _A8` ^h _[Bc A BD S YtS D@e>ItT
IAtS > DX_T ^ ^H^:btD@IIV` ?@A _VIKACJ; j?ZIVu A >D TT ` eIt^:?X_[AHAHBgEdI[jA > I[` DTA1v c ` eY:EUÔIV>>ACT > T?@` c^ ^:e b ?` > > AT T kI1>@I[I[e DZ? A:_uc >B
?@TIK>@J Î
bu > AHT >@ItI[?8J Qc BnB I[6?v[Q
, D@^:^:eeI#Iy_[eA S ACD@j:I Itu > > T T II[e^C*voI[>F? ^c BLgYI^CIKkXAC>>FTI[BIL
_[ACNj:L I[Dc ?ZJ
ADXk>@^:IV??
>> TT ?@?FDFI=^> eb bXAH> c BkT I I[I[`D e ` bXec T BOA8^ >FN#^ c IKD1 AH?@k>I"A >c^>T ? T Ick B
Se >@E^ c J{ACb BgJ
ACJEdI>@~IVc eB
?KQo>@ÎVnDFBO>>fn{_[AH^Q jB$XI T `> TI u c I ukgDD bAT _ÎX? ?@c}LiD TIK_cvI[]?8J
p D^CIv~k
DA=c ?@D@^^:SB D=bX^CT ka^ LibXIKACc Ed? ECc B{LiYIEdAf^BD@^:YHBa~E Qc hnIK J x ` Q kAHu e$XT
^ S S DZD v"`c D B
T >@I I[EdbXE c Yc EdI[EB
L> ? ` c ?Bc Yt_ Takl`^>?@T> T I
k^CACk[> vtT Y:I[?=Ô^^CJ
kaB{B I[S D@eD ` I[AC?@^BiS JD? ^Hc Y TDF]>FI[? ^c BS Y DK`Q(IVBgnJ
Cîb Q IK%J A8bXh cc > BT Y u b > T ACI1D T IKS J ACE Tc >c N D
T]gACACBi>FI[J
?@DtBiACACEaBg?FJI[EsD ACc >]c ]g^:I8BJ D#ACb BiAHJ >@I[` ? A` k>@EdI[I[?> YTc c h ec B]Y ?@cI[>#]i>FAC^?@I > T u kI[^
e ^JbXvc >k^T ? J TS c I D
?@;I[S DF]g>I8> _T > I#` ?FEdI[I[e> BgT{AHc eB
>@D=kIVD IKT J AHEUTEicLiDyIeEdIACkl>>FI[u ?@bXBiTACE=IV?@?@I1I[Es> ACT > IVc hNI[EDc IKAHv EUSDF^gB
Q3> c Ein:> T 7 I Q
k;u ^? ?S?FA ezEdTIe>^HT k\ACI >BgT AHu J{IKD vXA T c DA8EdAN|h_v=Io?FJ
LgIKJ^:IVI[eEsBA I[b JDF> c Q cDF_ e ; c D@ACDFE IKc J*~^HCA8IVkl?>@I[c B? bYg:AH> ?ZT J
ACD > T cID#D AfT ACD@EdIVEC>@]g>@EdIVIK?J ~
::WXbX:c :b :CS :
kk^
^?a^JAnÈdY^{cBQ hYXI[By> c e>@^1EdIoE> B^T ?*^ IXkle^?*k AHI[BEd>FEUI[I[ND\?@B A:J
c _[IK>_N
_^:EsQ\AH?Zn:?@J Ic B{bXY1Q T $X>@AC^1T >X>IXjT ACcIXBgBg? J_S IVEd^HD@I >@k`H^:DbX?@ADoc _Ed^C?E
kic}D@ eIV_ ?@c hI[ACBI E
LgLgAC?FACIVII[?FEdBDZI[ACN Y >` c c ehD IVAHBIKD JT A:A"_[k^_Lg^?fI8?AC^J BBc BD I`CY/be>FAH^^>@B
I[> >? T T/` I?@bX^
]^:c ?F> >@I[T D DZ` _D@AC? IVcBgDZLgJACIKe Jk? S S? ecS >@EdD I `8Y` bX?nA T:c Bc _ D TtQ ` T$X? cA8b_h:I Î `
ken^ :S^:?BOQ > bXT,
c Dc > TbXece > T^S B
>@> >FD T ^TaDB ` `bX> ACT c Bg?@> I[T J I=> eT h:I I^:B
c Bg> IVT J
D DTIVIKbXJ^Cc k> bXT j c c >> J|TT D I>` TeD@II[I8h: ACI[I[>iB D ^CT bXkYO^Cc > AkgT L I[c > Ed?TEdJ
I[AHDD > ``
^CL kXS >D@]iB ^c >FB>@I IKJ(bXc J
> I[T IV?> `T AHI >1c Y ^CT k> > bXT cI > T u J
> I[T I[AC?y>y_[AC^CEdkXEdIK> JT vI LSEsA? _FSaj` nAHB
9>@I[Q Ed^$ ]iI[I B `
eL S ^:aBOAC> EdT ^
DtI[D > ` T LI[NS >1AHI[?@EdII[hDZIVAHB> c D e IK^JB
> TbXD c > c T BgJ
> IVT IKIJ ebXI8c >ACT >y>^CT kACLi>tÔ^HAHk ?@DT AHAH?@BgI[J D
A?Cc Bg_JI>Fkl^?@?F^>@e^ c DF> I[T D I ` n: I[D6 T Q ^H. kBAIEdNÎKBAHYH? ~I8bXAC?@c >I8T J _bX^ Tb c ~>@e I cT EUjI~YACÔBgAHJ>te > T c IEdj:c ? ~
ZD_[AHAH>EUEdc IKDkJ{Av_> 1c ^:AHBEGAHIVDZAHBgjJ A S ` ?FI[u D> T > I b I[EdD hT I_[N:ACIKEdACEdIK?FJDKQv 2n:A n{T Q AC$XDACT EdjI A u` h> IVT YI I[> ACIVLD EdT I
k^C> ^
c kXeÂJI?QIKT{ACc n>FB{I[ ^|Bx _wQ I[L
?@N ^:+DT T AHI[?FACBge >FJI[ch>>@IVTD ? ACc B>u kl^CÔ> kT ÎtJARv k?@`^:IK?@Je I[DFcY>#^
IKDFACJI[> ?@` h:bXAHItc Bg> kTJ/^:?ACT AHEd^:EBBj I[IVc NBgBg` J|J
D#Ed^:I[B^CD@ID k
YS cBgh:J|I[I[D?t^:> BT I> T AHI D@>@IV> ?Tc c D@?@e>FI[I[^CB
k > T 2 ACE S Y BgT AHA ?Ta` J> A8T N AC>tc B(ACEd> DFT Î]??FA^|c _ B
S N3?@I[DFDyIKACI[DFBg^JOB ~
EdDZI[A8D@ND vfu LgDACI> c LiDkÂ?F_wB > c c^B3BgvV^ QS ?tnCkACie Q3c pEd2 N A8bXN T ^D S bX_ T c EdE=A/Y ec hACI B S Du > T e Ic Edej~AH? cB_I[I D `
bXBgAHc >?T(JTA8N^:Bu I[^CNkX>AHT BgIJ(e_EsÂCB
? >c T IK^CJ(k L ;S T >FA>@I[J
? ?` AC]gÂ:B(J>AT vtI/AHBg> T{J c ?Fu >@c I[BIVBO> >T T IEAS ks~~
>@> IVT ?@IB^
I8ÂCD@Bi>8v QdpbXTn:I[ B7 Q > T +IyTD T ACA:>FI[J
h^ IVb ? ^Cu AkAHeB/ACI[BiEdI[v ]` T k S ACEdB
E=>^CkkACEdkEdA DXc > >@T^ `b JACS?J
EdN D
Y> T c h:II[D^:> A:T _[IV_? ^?b J ^:c B?@EsYJ>@A/^>]iT I[Iy?F]g]I[?@> IVS DZAC_E1? c LiACBgIKJJ ?c eS EdI]i` I[? > c T D ACT >ACLLgEdI8I _û Y:e?ZAHI[D> c}c B ~
^C>_[TAHkX>I#> c T^kl^ BgIS ve?Fk>@^:Î[?1I[B
B
> > >TaT TaÌ` LgeACI[?@Y ACI1c BB?FI[BIKD8_c QB^YenebX{c I[Q > BiT $XJ
>IKT T JyIIklJ{^>@A8I[?XNOB
AfD1> Tk ^HS ` kBL > I[S T ?>tIACEIJgDZACA_?F_wI[j ? ]c}> T c _AHBIEY k
u
u
k_^:c^:> ?@BeD@c DZ>FD vyI[Edc EGB{>yAH^> ^>c ^B>B{T
> D TS ` ID YOA I[bXchB{IVc D >B T u vyu> E T S > I/TBgI/ACk ?S ^vE > J{T EUeA8I[?FNOI[DKDB
Q>tACBin^C:J k[vSQ ACBgEd%J|E I[I T{?c bXD > T T bXI^c D I[]iT h:I[I[I[?DKB ~
TJ
II[?"bX^|T J{^ J T u ^_^B{B^ DFS >@?FI[DEdEs>ACT > I1c êBDACv B{` Î[DL>^:A Bc B^DJJ J c D@u > E cS B{BgY AHS?c D JT A8IKN
JtDv^HAHDFBg]J ? c S BB
Yi~ Q
en:?FAHD@>BgQ _T ) IACD^HE}k kw> ` vT I[I#A=hIVkD@SBI8_B{D@Î[^fBg?ZAHJ> EOT T DItAACA8_E}kkl? >@c}^HI[k?F_B> IXT ^
> IX^T B eACBtc ^:DB
> LiT > I[TtI>@klc>F^DoI[?@?X]IV?@kBIw^:^
k? I[^?ZuBa>AHQoT LI#nEdIX:]i>@I[^tQ ?k'> ^T I[?I>~
Tec eAHB`{I[SD B
c >B3c ?@A:I8J_[_` ^J ?JS ACEdNBi_]iI I[?bXk^:c >?@Te> > T T II ]u ?F? I[c >FDZI[_wDZ? v c Lgc I8B J(T ? ^S BEdÎ S` ?1]gAC^CDFkD >c BT YI
k>T?FT c ^D IeT DAHA> Bg_T ?FJ
IIKD JEdòISk> >yT]?@>@I8>@^/^/AJ> > T T I^CIh? I[IVc ?Y BgT J > > T uI/u ^CACkX? Bgc > JY T Tv I>T _^D I[T Es?@J ^ IVc SeBEsYJ
ÎVB
? N` Sv[Q/D]A/?@n:^Y: _?Z9 I[AHI8Q D@J D ' c BcI[BY >
Tu B c ec Y T B{>Z^v >c ]iDyI[J
?klIK^_?@EseAC?FIKAJk S >@^B{I[Lg?ZAHIVEgEU^:DBAY/_? >Fc ^_I> T AHI/>#B c ACY j
T D > T ` ACLgDIKAC_VD A ` S B{DFI^? > T c B I
>TT c eI> ^HbXc IVE c? Y TT IV> ?@` I1B^:Lg? IVEUbX^ b T IVABk >S T BII[?D ACS EiB DZAT _wAC? Doc} _S I D@` >A:? _[c _D@^:IV?ZBaJ Qtc BnYy 6 >@Q^t'> T I[I>
?D SS EUeIeY c IVh? I[` BAHBgACJLi^Cc hB/I >` T u IAH>t?A EdIKc B
ACNDF>Zv1D@IK>AHT D@?^c B _I` L AS >1NIK> AHT ? AC`> c B bXT{bXc c_ B
T >@IVc ?D `c B
c B ~
$Xe_E ST S IyJ
DF>#I8L JBS ^:?FACBO>e>Li~^:^:IyBLYeEsAC> A> T cJ|^:I I B c` Bh:^HIAIVY?@_?@IKÎ8J eAC>yACe>1DZÂAB_w? DZc} A:?@__I:?I[c}D À _wI[I; h>@?ZIVÂ ?@N3T > eT JIyACA8BiN
eAQACbXnB{:I[T nD ^ `Q
j? c}IV I[_w]IDIAg_DZI[A:]_>y?@IK^J B > ?@T I Iu B{D T I bACEd~EsevB^
^^>B/u J]gA8IVN
?Qk^:n:?@e x vfQ A& kh:S I[BB I[?bXACTE=I[DZB3A_ZA ~
T^C; kiI=?Z>A ^T T LI e>Au ACJc BBiA DAc EU`>NTAv kI[>@, ?FIVI[?Z?aA:L
LgJNtJAH> >T T TA{I c QaBbXYnT H` ^:gDEdACQ I> $Xc ?FD I T b IVI[NAHDo?Z>_[JT ACIEdkEê?u > >ACT T BI=I=I[eD ]ibXI[AC?B{c k> I[^:TtDa?@eb^HkwAHACvi>@BgkI[_A8? I ~ `
>^CT k[v1I[?@YDX?FIKACAH>D ~S Y:D ?Z` AHuBg> J:T kÂHDF> IT I[^H?FkwD v")Y?J ACc Bg>N
J:ACkACD8>oT > I[T
?@S D#D u S D@]iJ
IK?ZAHACDj
` DZvyAHBg> J T Iu > I[T >F^:I[D@?I~
BgJAHA Ec EdNIKIKJACA{>oQ\ACen: ? 7 c >ZQ A ' u I[AC> eTL{c e?@^D J{c AAcv[EdVNtL ]gS AC>?Fh >ZcAHY jT IXAC^CDAk*> c TD I#bXhT c AHY >*T ?@AHI[DZeA1A ACc BgBJ D
k^C?FkÂReDZ>AT _wI1? c}e_IKI AHEu c uD^C_Vk AC; EdEd?ZIKA JT v#eAHAHeBg? A1c >Y AS QXI[nD@>F:DZvQ AC$XBgT
JS > DtT ACIEdE*?FI[> eT IA c ^:Bg?ZJ
J I[c ?~
BgLiAHI[I[BgB_I[J
DyIK?@_I[EsACEsAH?F>IKc JBY/>@^>F^/N^ > S T I T IKhAHI ?#Bu J^ Ab c EUN> T YIy?@EsI8A ACb >Zvfk^:DZA:?#_> ? T c} It_weI[D AHTBA8BhI[I?
^CkoE c h c BY >=k^? ; ?ZA T eAHBgACD8Q
n6
W A >@I8A_ T I[?J S ? c BY> T Ik^ S ?@> T

6
%
c
b
X
b
c
T
Q
8
A
h
{
B
Y
J
[
I
d
E
>
>
]gD@IKAC_w?F^>XBg^CJk u AyS AHe?@>@ACIVBa? p Du v^Ck E c kTI c ` DtA I ; c ?ZD@A>@IVT Bge_IKAHv BgAtc B D T TACc DEdET E c ^ h:S ID@IJ `S ?A8c kB>FYI[? > TT II
T^CkXACD D S b L{IKD Jc D@J|>FIKI[JBg_A I bXbXc TkI:c _QT n{QI c )> T IV; ??ZA_[TA SeD@ACIVDBiAtBê ` S ^DF?>XAHD@I[>1IVjMEUI8ACARD@>yeE IKc >@AH>@BEdID
]gJ cA D@c >FB ?@I[u DF>FDK^Q x^:>Q T 0 I[^?F?=DZv > ` T ACI#Bi] J S ?FE c]gh:^:I D@I1u L
^CNkaY
> TA cACB >c vtBYtIw{Li_wACI[?@]I> D cS BL{D> cc D@e>FI[IVBgDt_^CI k`
Ed]I[?@> ^
AT_ c eT AHLAEd_[I/_ S ê _[_ S S Es]gACAH>FI> c ^]B{?@^:D ]gu I[bX?F>T{N3c _ L
T N AHu?@klI Êd]Ed^ ?@bXIVDZc _B{? Yc Li> IKT J^D@kI8^:v ?Zv c ?FT?@Ic D~
u
u
eL
_[N AHA8D@Nt2 >FIKD ? Sv c `1>LA D bXc DFu c >XJ
> T I8L
ÂCNS> T > vtc >ZACS A BgBgJuJ >FS ? L
SEdNN|> vRT v k?Z` AHACAC> ecBgY J ? S{c c>Z) B{A Yeu bX? Tc c>ZT DA AC>Liu AC^_VeJ
A N
S LQzDF?FI[^DD gc eQA:v AC` % B
^:NI ?
>J
J
S IK^?FAHYiI> p DT ^CDkev[:>F^?^SJ
?I> I[T h:^CI[ktACBBgE JMcL
kIKN kv[AHuQ EU> DFT I 7 IXT Q ^
e^; ^JJ
Nv I8` va L _[Sc AH>Z>tAEUEdBIKD J IVT h,ACI[EdAH?tE>NOL
LgACN I B{,?S c hBg>ZA8A J
hOIVu ? ?@Ac D@>@>Fe> ^
c ^|c
u J A ~
>L
T N I12 Y:EU? I8c AC>ZBA c` BkYt^
^^HJ k_^^:L?@>BaA {c BL
IKN J ) L
eN ? Lgc >ZIVA Y`:Y bXc BT Y AH> ACcBgDXJY cAHh:YI[? B c _ SS BiEU> ACS D@?@j:I IKJ*c D
u
EdJ
, I[I[IKBg?F_J hEsAHcc B_?@IKIY
J(vc DXAH>F_[?@^3IACEdLiEd, IKI ACJ >N
, AC?ZhACBA8e? hOc ? >Z? c Ac >@>Z`> A{c I[Q-:h> I[T {BIVQ ?@L
Ik;N ^:S ?@> I1>T AH^>@>1?B{AI^J
BD ITI^ ACeS BiEGA8J JNA8DehS ^ ^:Lc BJD cI[DFc N:>K>8~ QQ
Dk@^>FQ ^??@% I> TIy ?@eIVEdE Ic A8BNJYA8I ARN
c > D YT ` ?ZI[^:A ?1c?B
]i~e^VDFACACD@?KI[jDFID^?BI[^3B{T I^ ]{S e?@Y ^CT hA8Nc >FD ^c _w^^B EdEdEdIKEk^_A>?Y:bX> ?ZT T ACI/BiAC>1ACe?@D N ^S
` ?F ?@^^ ?1_b I[AD Q
I[>c?@Q BD Y` 2 SI8c ÂD T?F_ I[T IK^CJ hEs` ACIV>F?AHI[` Bg?J(~ACu eBg> AH^T eB?@^ Y/IKS J{>Y vyT TI[e DFT{IS c DD@k>^ h S Lic ??@I> S; _wI/?Â B>FT ^ D ec J|T ACI[A8Bg?@h:IKA IJT _e^ ^S Bi^:DF?@I I/S T I[^J ?@EsIKc J:DJ ~~
>D Tc /I ^b _[_^S ?@Es]gJ(AH> ec ^^B{?FD I` AH_Bê^> ]T EdI[I[?1>@IVD EUS N
L{QzD c D@>FQ DtL
. N/B> I T ?F^CI[kyI ` > T Î[BDFIfILOkN^:EdEU> ^ b b ^ D `
LeS A >c B
> >T A Iyc BkD^ S T{?@c >eT D@I[E c E}hk*I[L
D1NL
] Nc _F> j T c IBY ; S ?A]T Ye?ZA ACc DBACD>@>FAC?ZBiA{JyQ IK6KAC9 ?FQ DX%^Ck\I _bX^:?@T B ^ `
eB cdTS D@^>=>F?ZLiA I` ACAHBgE b JyA8_N
^:D BcD@BO>AC>FI[B
B
>@>#EdNy^:^CB *uI[> ?T > ItT ^]iD@I[I ?kW ^:D ?@T e> c ACDBg^:_BIfEdN ^C`8kwbXvT> Tc _ I T ) ACYC?FI~
]> c ?@ÎVB DZ_u? ^Hc LikIK> JT Ikê?t^
> T^:BgIv J` A8ACN
BiDtJ^Hkk^>?1T > IT I_^:D@BK^: EdS D@>Bic __> IVc DK^Q B36AH6 BgQ J' Î[]> ]iT{^c D e c ~
Bb I[^:h:?@I[EsJ*? ` :kEd^:I[?> >T{T c eI#DE ACc j:h:I#IX>^CT kaI1D S ] LS D ?Fc I DF>@` I[DFBi>@?_AI c` Y kT ^>EdklEd^^ b? b > ACT ?IJ `
b T A8^:N
BDI[^HD@>Xka> E Tc kII
^CD@>Fk? c A hI#; A?ZkA >@TI[?=eA#AC]iBiI[A?Q kIK_6 >Fn{EUNQ _w% ^B
I >@I[bXB
T >FÎKJJ
J I[c D DFc ]g?@I[^:D D c >T c AH^]B] AHc BBgI[JyDFD_êB
>@S ?F^D@>E
T?@^
c e^>=DFI[^CE}k kZ:S kB ^T ? AHT ]AC] ]c B] I[c BDFD IVD@c D DT> T ACItD1__^^B
B
>@>F?I[ACB
?F>@N eu IVJ BOc >DF]gk^^:?D c >c >@c ^:D#Bg?Fv[^
Q ^>68`x >Q T ) I
;u AH?LgA ^CT h:eI~ACeBgAI[B
`> bXc ^T B{^ IKcJD#v{A e, ^BgJ
ACI[>D*AC^Hjk|AyE c ACkI Bg` Je D S S D@L>aD J c DFc >@DD#_ T L
ACN?FYÎB> I1T ^CI kou kl> ^T E}I ~
kEdDZÂC_bXe? c cLgIB{IKQ YOJM6vagkJ ^:Q S ? '> cTIVI[c> D e TbXc cT{e Bc _ `:> T TS IyB
DFIK> _c ?@S IKIK?FJ{J I A` T{]gIKkI[Â8??hkÎ[T ?FB{IeEUNybXJLT AE ^c c D@EdDNy]i` I[>Ed?^T kBÎtY1?F? ecE >@c DXkI[I DX> ` T ]AH^?FBgD@IJI ~
+bA_[I8_wT ACÎ[Ed?Z> > JT T c I[B{> ? T Y?@T ^>FI1^S LiY TTI1c DX?] cACS _ L T?FcD E S^:c >c?XN>FD\I[` hAH>FIV^>@B>ZbXA cc TBBc D_ J T >Fc ^D@e>@>?FI[TI[BD@I D _w`TEUEUcI8IVY A8> T hIVTI D@`c >=eB{D@^>ZB{?oAH^>@L
>XIN#Q D@klIV^6KI[7?j ~ Q
LACB
c JN J
uI[Y Bc h^|I[_V? _ SbX]gT AH^:> D@c ^
Î[Bh:D I[` ? BT ^:If? eu EdI[A8> NyTLgc eIKvVQ A6_[_wI[Q ]' >1I[]> ?@T{IVD@c eI[B
>@BD^v1> kl` ?@^ ^S e >
^C]k\EdIKJ
ACIVD DS c ?@?@IVI D u` kAH^:Bg?JI[B8EdI[^C> N
T{ec eI[B
_[>@DACv ?F` IkAHS >@>EdEdAN_ T^L
Th c ceAC>@D@I1I[E}ACk*B>@ÎgAHBO_I[NyDFDD@cIVhBIyD S ACAH>~E
>ZA:_ T eI[B
>=>@^> T I[e ` LON u ?@I I8_> c BY^B> T I c ? b ^?F> T EdI[DFD@BI[DFD
cc BgBYOv v Tbc D IKTACIKEd> AHT?@>8bXQ T6 c _ TQ 'c eIV> ]gIKTJ|c eI> A8T h:I^ cDFJ> S AHJ|EdN3E u ^Cek1IK> AHT BID1^CkIKJA:A{_[ Su Edc I[?>~
Tu J|c eI[h^:e> c A ^c B B
>Z>@A ^/c B > TT cIeDFIKI[J{E}kwA8v~AHD@> BOS N J
T N^ btDFIK` _ L S S ?F>XI[DZD@vR> S > J
T NI` ?FLgIKIKAC_VE cA DZS AHDF> Itc ^> B T AH^C>k
TTcc DDXJ
A ?@c eI[DFDD8`Q D@]i6 {I[IKQ _ Ta' ` I[>ACBgTJyc e > T ^ b S AHY EUTj >@D=T I[>@?FÎ Au ^_w^BB
kIK^:AC?@?Fe > T c v >`N LbX? cc > BTY c TBc Y D
TDZAC_ Y:c cDXI IV`
Bg?ZA:T__Ic ID=bXQ ^|T6_Vc__ S Q T ]g' AHD@IV^
> > c^:^BTB c `{eY cTh:cJID A cb c BiEdIKNy_AH?@]gIKEU> AH^:TaD@?@`
I1I1T^C^Cc khD=I[bXDZ?XAc D>_wJ
T?@IK^^JeDFI Ed` IKW > AHBT ?@D@^B > DFcc >IBS Y bX>@` IVTACD#c Bg_ ^CTJ k
>@_ I8c ACAE _ T u k^:> T?I^:>A:T _[IV ? Sc b D c ^:> ?@c ÊsJ
BEdN/^Hk _^b BiI8_ACI[Ed?@> B{TaDZ` v > ` T AH^:BgD@IJ bXE c TjcI _ bXT c D@ACIf?FIt^ChLgI[IV?tB>I T I~
4XAc eY
ACAHeBAH_D êbXT{]cEd_I[T>@IVEUIwN|]{DF> EGSA cJ Bc I[Dy> T > I T I IKW BJ{D@A> Qzc > S n >@9 IVQD^H0 k^DZ?_ c >I[T BiI/_I e` > ^T ?@II
ec BY^:?@ID T{T c B{ItI[k DS EULEdN ? c Y S T Bg>FJ
EUN
I[?FQD@>nACBg6 QJ
D ' u I[> >T I[Tec e!v ` ACB{BgI[JhI[T? `#c D#c k Y:?@T IKI AH>tc DEdIKACAC?FL{B
EUI ~
u
>@n>F^n{^Q > T]g, IIV^?eY:k^:Îy?@J
eDe` IV>>FTBÎ[bX>eT T vI ^` ;Bj
T
IVBSY^ Ed>b IKAC_D >>` T >>FI^T Iê?ZDZJ I[AcB _wBi?` ACc}AC BgBi__I[JIVDDt>@k>F^^:^?t> T> DZT IA:I_e? DZc}ACAC Y:B{_ I[I[c AHDDKE`Q
?u c^H>Fk\I[DDFI[` BAHDZE AHb > A8c ^N
BiD1v ^C`
*bXI[c ?> T > ^ T S I[>XDFIACB
YN ?FIKuACI>y>@DZI[A:?F_Bg? c}AC Esv=_wI[ID *^c B?F>K>Q=T n I x c ?Qo^:?@BY
^ ACb BD~
cACBBiYXJy> >T T ACI >oc ?=> T LI ?@I8u AC]i> I[T ?k^:N ?@c IVeEGJ|ACD Bgc_eI=^C]ikI[?> cT D IKT vACDZLA:Ed_I ? uc}?@I _b I AHc Bt?ZJ
> DT v I ` c D@?\^:DFe]gIVIXIKAC_ E}T ~
bc B/A8NO> T D=I ^Cc ?#*I[L?X?FIK> ACT > I T c ?XQtLnC?@iI8QAC> . T> cT BI[?> T ; I c??XA T D@]ieI[ACIKBg_ TaAH`D ` ACDFBgI[JRI c >BT Y I c bX?Xc DF> ]gT IVIK> T_ T I
I[j
N:BIX^ b ^CkaEdIKj
J
BY:^ Ib kEdÎK?J
Y:c I>@D> T ?FAC^
>^>> T` IXAC]iE b I[?A8kN
^:D?@e]gI[AC?Bgk_ÎX?Fe^Hk>> TT Î[eDFI#? > c T >FI[?@D^ S T Y AHT D
j
> T BI ^ b ) EdYIKBJ
cdY:T IM^:>@AH?EdAt^BACI>=Q(> T n I17 LiQ I[Y)c B; B c?ZB{A YT e^:?AHBgAH>A> D T T I1AHI[EUE#BgJAHE b^CkaA8>N
T DyIt^CJ*A8I[N ?
ACACBi>J1> T ^CIykg> I[T BgI=JB ^Cc Yk=T IK> A` _ AHT BgTJ1AC> E}T ks~Ieq1^:AHBO?@> DZTaA1` AHnBgJ Q +A ST ?FIVBgBAC>eT ItACDÂ EsJu W D Y:T ?Z> A c cDB v
TAC>"AHD\> T LiIXI[I[I[BBiJ_w^^CBk*D > S T eI IKu Jf> T > ?@T I[I IKv=u ) DFIKYAC?DFA8^NOBAHD=Bg>AT v I W D u T 1> cAC>bXS c ?@> eT ACBD@I N
b A8~@Yv?DZA Ac B_Z~ `
?^Cc}ka > _wT I[I#D ` N:ACIK>AC? > T , IyêD@^:A8EU~DF^C> c*_I[I[? Dtc BAHY:BDKQaAHn:B c eQ )ACE ; u D?ZAA _T ? c}e _AHIKBgv A ` `8AHbX>T > ^tT Iyj:I[I[I[Bg]J D
DZYA:?_A ?@c B3I8J ^: ??@IVeD IK` AHD >T òAHEdbXE `
c > c Tk ^ T S I> J
T I[DA8c h ?@cI[BD1Y >@^y^C*E c I[h?@I1I8J(Ed^B> T Y I ` Bu ^) >XYIK?AHA8>XNOAHBBgI Ab v
WTD c T D > c\?@bXI[D c >` T B^:B>I bLiI cYB?ZY A c b BMÂH?FBgD TJ/c ]AH]iBIKACJB L
c eNAC^HE}~ IVu DZ? A:c B_Y? c}DX ^H_I8kav[BQXI nb {Y:Q ?Z0 A ^c B ?
AC_[ABiS J D@Iy^Ck#> T ACIVBNACACB ?Fc IKevXAHY:E ?@` I[D@IKIVJ|I[Njk>@^^?J|BI[I hb ^ S Y:??ZA Tc Bc D1AHh Bgc J>ACEI[DFD ] T c ?Qtc >@nD {` Q u Lg4 Iw^ ~
YAS_V_I[^D@>?J e c BS YDF>t>F^ D@>TA8c NDAHc BL c ETc >c DN `:T bX^ c S > DFT I AybXD@c I8> ACT > ^ ` S k>t^
^|LgJ I c` B{AY _wT ^ ^:S B_ Ta^ S ì?@b IKJA8~ `
>@L
IVN? ` Ay^Y:?1?@I[?@I[^
> ^c >FBDY AC`{BiT JI[?@IVk? > Sc _c D>@D8` Q ex:I[9 B Q bX' T I[^y> kT{^c EdeEd^ b B{^k>^?FT L ^:c JBJ
^ I[S B? ` Î[_[h:_ I[S B ~
]gc BAHY> c ÂHBYODA `c BeDF>tI[B > T bXIT ^yIKE J{c h:A IX` vE c j:AHBgI#J_[AC> >FT D ^` DF?FI^Y bXS TI[D ^` EdE ^c h:Y Ic _ Ec c ACj:BI D `T uI[AC?@?@^:Y BS DK~ Q
>TxT ^:6 IEGQ J|I[$X?@IKD TJò^:A bXD@` I T^^/?bXATACk?@^ >@I IVT?, A8?@_wh^:Î>@e? Lic ]{N
IKEUACIV_D ^:> `c eB^:YI BI> , T Bie I ACc S?1>ZD@AHh> j^ ACb b D^D ?FA` D kuT>@ACI[c Bg]?JDFLOv > N S T J
û NY S cc D@kBIw>@Y D~
^C> T ko^kD@^
I ^JbXv=T DÂ_AC?F?@IKIJ/J >Fc^*I[Y:?F^|I[J|B
D#>KQ ACBgx Jn{Q e)ACBIVT D ^ ` S L D@SI T>^ÊsBJ
IfI[?e e S SD@>#D@>1A8h:Y ^ c hc JI
uBAH^:DX>e _^
S ^:_ jyT kk^^
?=^> JT vXIVAHeD D@TIVEUI h:I[c D#D ` ACAHLBgEdIJu >F>F^ÂHD@Ed]gEgAHLi?@I IKc vBY>@^DX^:> TBÎ#DFe I SbXD@T >X^J J
c D^ ~
>@? c L S >@I u k^
^Jv bXc > T ^ S >J
I[>F? c eIVBO> u >F^^:BIp Do^ b B c B
>@IV?@I[DF>Zv[Q
C^LxkxS Q>A)zBj ^c B,>XYBg^HÀHk^H>ZÂCk>j^:T A BI[I1?@bXD8Tki^:^> ? T ] bXAHc > BT I[^c DD e ARbXT cD@> ItI[T>FD>@T
AEdIK_S J? Bc}Y? SIV_?I[EdI`D Q` eACx A8BggNJQ Li)^HI[k"Y , AyBgb ] ACIKS >AHAC] EUj> c TE A `
bXD@I[T E}k ^ bXc cD> T/ACLT
EdS I B{Yu >@I[^3? ` ]{B{?@^^?#_ S D T?FI ACEdEk^
T ^|I J{vb IKD ACT ?ACEdÊ1EsJBI[^h?IV?J c b?F>ACN/DF>@_I Ed^>TT c eI[D ~ `
cACk BgTJRI/LgI8]iAC^?ZDFJD@I[_DFED@c I[]D]gI8]J ?@^:` ]gD S I[?FL>J NOSQ c BxY 7 T{Q-c D=]gI[AHI[D@] D c c B^:Y BDT{L
c DNTA SA cD@? >FÌ[? Bgc > A c c I[EdDD ``
bD T I8AHACEd? Egc LiBYItACbXE T{b c A8>FN
ItDYOIVAHB?@YOeAHI[YB
IK>@J D#c ACBBiD@J > S u j:J
I[N I[c B] Ytc B>Y T TIc "eIKD@JIVAyEk[vACBg] J S ?@u I D ìS T_ T I
AA_D@>F>ZD#AACDX^HACk?FIKLgvXAH_e^BiLgJ^
S^ _` c AMhIf]g>@^:^ >1Tk Sc D EdEob ^CI[k E}kb AC?FAHI>@Q I[? x ` {AQ % DZAI1_w?@D IKT JACEdED@>@_V? ACc B?@?FY N `
u
IKD@AI[AC>FL?D~S ? ^Bic B?oJ
Y? EdD8Ic DFQ I[^CD x kt`:{c QDoS IK' DZ_I[AE c> ]YTD@?IKc ACeJfD@D ^`B?oI[AH?Fh:BgI I[ J ?tIK_Ed^
>Fb IKÎKJ jAH?Zc AHB vf>1b > >b AHT ^>@IyI[? LD `S ? ^:cB Y ?oàT D@bX>t>ZAHT YBgIV^:J
B EGJ|D TI[c BB I
>>@T^ I1bXe T{cc J{_ T J
EdIXA/^C_[kACE}> k T I1c DfDFjO> c N
IKQJ x` {EUIVQ > ' TI[>c eTc Be^:>B^:? >XS B D@>@IVbX]/T IV^CBhI[c?#>tAf?ZA ?@^:c B]gD I `
ACAtBgDFJI[>@Ed>FI[Ed>IKJTc ? eS EUI:BQ ^>Xx {Ed^
Q ^' jI[> AC>T{c Tec DX]g^ ACb DFBD#L
c eN AHu YAyI ec B ^ S b BgACJy>@IV^C?Kk[iv=> IKT ACAH?F> > Tac D `
A/_?@^:_D@^ D btb ` A8NAHB` ACc BiJ|J Ê b` AI[EdE}; ~j
?BA ^T b eB/ACBg>F?@A I[` IV_D Es` AC>? S c ?@IKB Jc BYL S T>@c>@D1IV? ? `c Y T T ^> BTI[NAH`BgJA
>@B^ ^b >1ACAC?]J
]{Dt?@>ÔT A:I[_ eT/QTc D 9 bXQ c k'I I[bX> T T{I[cB e T ` I[> ?tT _^ ^ S S Y ?@T DFI[eDA:AHJ]]gbXI8ACc > ?KT BJ
Î[?D c ?FEUIVI > `
T> T c eI1I[D@B{EdI[I[I[?@]Y:N bX` c > > T TtItT DFI[>@? ?FI[c BByY> > T TaI=` DZ> AHT eItI=D c LgY I8T J*> `QaAC Bi6 JQ 0> T ^:It?o> h T c >ZI AHbXE c c>DZNyJ
^C^:ke A `
eIgAH_B?@IV>bXc ^T B^MD `=AH]S ]>@?F>FÔI[?@AEd_ NT IV]iDI[? A c D bT ^Q3e
ACnB/Q _W ^Ck hT IV?@I/IKJ A8hbX^ c c J|> T D TeI[IV? B`D@bX>F? TS c AHEdI E
DD Tc Y I T > c D` ACc BBiJ> T h ACc >Z>AHE_c ^>NBgJ bXc > c cEdÊ B c Bg`_wT?@IKc D AHD@bXIcQDJ
^x e Q ' ` I[I[> B{I[T?@c Y:eN ` B{DF^>@>X?@IVIKBAHY> > Tac B `
>D@TBI1IVI _ Î[eD ` ]gNOACA B
b NtB^HD k` ^T?c D D c bX>@Dc kACI > ` TBIV^??=IKEdÔAC^:DFIjQoAH> iT Q I[)? `
; bX?TA cT EdI#eD ACT BgI1A IKbXAC>FT D ^ `
J
_Î[EdD Edc N
?FI[? cdD#S IVezBI[>@?@^ Y:NT I[e ?XSIVND@>=I[D B`^T >AHEdD#ÔAC^:Bj^ ACc B
> >Fu IKA Jb ^:^:? eS BgAC_Bi^Cv h:bXI[?@T IK^J ACT ]{IV]?@D@E cIVIVEDk
^bX?1c > LT ? c^B{BYIXDY
kAC^?@?Fe> T I[B
u >aA^:_ BT{Edc NEsJ:vVEdI[Qy> T7 c eQ ' BI[^:> >TLgc AHe> T BIX^Bg>1AHIKjAHIK>J` J
EdI[?F> I[D@T{DFcIKe J
B4 ^^:>=?th^^ Bc J ]S Ed^ ? Sc BY I1T I8^J/B/EsAyACBi?@^
J AàJ c B` ^:b B/ACAC>FD I[T ? I[` D ^` B3^? AHB3c B/ACAEd>Z_AH^ ?tb ^C~kX]iI[LB ? c` _FOj
{D `Q
ÂCBB
>At~ Tec EdE ^ ` S OB
>ZQ A c 4 B ^:` ?^Bc B > T T I1^:Ed? I[SD c Bc B DXT ^HACk\L Atc >F>FIKI[JeL
]{NEUI E ` c h Bc ^B?=YI[_h?@IVIK?XAH>^S B?FI[AHD B `
B^Ck^? AMbX? cT{hc I[EdI? ` T BI ^:b?tAHÊdB jODX> T^:I?#DF>F>ZÂC]BiJ
^HDk` AB^:e?X^ ^S B/B
>Z?FA IKc AB_ QtTc OB{YQ > T' ItI[> LiT{ACcBe j
BEdÔI[^:h:j I[c?#B{h:Y^ >@c ^JRb kACAC?IKJ
_wI[DD1A ^?; S?ZA ? Tc B{eI ÀHBgkAA _ ` c B> TYI> T D SI B bXòc Bgb J AC`>@IV^? ?1` A ^?y ?@_I ^ ` b ^:DK? Q
ObX{c >Q T % D@I> c _@ej
DA8`N_IKEdAH^|D@J|I D ` T{Edc IKeA8hD@I[IVE}D k ` ìYT ?A8ACh DFc D B` Y/AH_Bg^CJ h:I[> ?@T IKIJ E cu j> TI I` ?@YI[?FDF^>@?S A Bgc J{B
~v
cLgB^Y J
T{N `c DACD@Bg]iJI[IK__ ^CTah:` I[?u j:c BI[Y I[] Tc Bc D Y T TI8c AeJ*DFQ I[E}kw7v"9 Q] S ' ?@II[>`gb T?c eAC]] h:c^ B{c YJS kAH] IK_TI[c DD
>>ACST Bg?FIJ B DcS BAC? eYc BI>@I ^ `{ub c]gBAC^:?D> J
cT > DtItc ^> JBiT A8vtIN
AC>D@cDt^ eS L
>I=NT> ` SJJ?@A8B N
S c Q? Bc BYy7Y/6 >@Q^y> T >W ITBI1> > b BT ^:Î?@>D> TabXT A` c EJ
ACc YI>=T B ^:>Fc?D Y Tcc BB >
cEJ>c klAC` I ?FAHj
c D@D BD I[Sc BD@e D=JAc BAC;BYY:?ZACAI[B
?KT N/Q e7 ]iAHn^BgQ D AXc$X> ecT ÎA8B N c `BOT Lg>FIyI[^:Ed]> EdTIKEdIK_L
AC>XDFN^CI[kDKJoA8u AfNE c jeAHI BgbXAHJBgc DFAHv I >obXbXB T c T ^Y IVT h:B > ^ ` Tc J|J
c ^ DD
SA ? ;c B?I#A T AHeYOA ACc B{BgD@A >` A A _w?@^ I bt` ` > TÎX?XD> ST BI ` bX> Tc BgIXJ e` ]g^
IV^? B c D `8T c B IVDKb Q AC7:>Fx I[Q? ` ' AHI[YO> A T{c B{c e D@>
nn
BBg^:AH>jIKLJ Ed^ b b êA AH Ba?F

I EdI[bX> c T> T3c eTc BDtê>X> ^ T S ?@> ^ T b oEdACI[B
> N Tc c ee] B{S ^?@I1>yD EUS^
L^:jD@>ACAHBg>_wAI
cTB
c >@e^1>BT ^:I ># ]?@EsI A` _wACI Bgu Jy ?@EdI[IK>v TS c BgeJ
I[B? ^>u Ab LiACIK?@eJ ^T?c Do> kT I[IIV>E c ACj> IKvVc >KiQ B7 î?Q D@'>@IVI[] >
^CThc D#IV? LicIK> J` vVB{aÊd?XI[> ]EsTAc _weI cB> û>bX>@T ^:I[?@BeTIVBOI#>D@EdE I[c h IVc]BDZYv_AC?F>XIK>ACT > SI#?@klIVÔDK^:Q >~ 7u 7 I[BiQ J' I[^C>k
TEdI[c > eT{cBe^>yBIK^:AH>X> DZ` _B{?AC^>Z?_ T >@?>A8T hIfI[E Y` ?@B^ ^:S ?BgJ*DFEdiI[I[EdI[]> JTSc e? c B{BY^:>X> T >ZIAHj> ItbX^Hc E c Y TT c>8D
YOb AHAC?@>@EsIVAC? Bi` J*BQ ^:7 ?{DQ AC' E c I[h> A T` c Be^? Bu^_>XEd^> > T T ?@I[^ DZbvSJ|?I c B{EdIIKJ^:?=L
kN ACI8c _eI[D] S c B
?@Iy>@^D S> T L|I ~
D@D@>^:ACBBg^ _wS I[DD `> TBc ^:B?YD8ACQ B
7 NQ^> ' T I[I[> ? Tu c c eze] BS^?>c >DFNEdI[v I[` ]B{AHÊd?y^BLI EdÔc ^BJ At` J
BIV^:D@?I[?F]i>@ÎKcJ ~
u
EdTJ I[bc > eI[T{EdcY:E ec ^1B{Yg>@B{^t
Êd>\A1I[>_wDZÂ:TB
_c h?ec}I[ ?FB_wD@II^:`
> bXc bk c > T AHT IjAXI c DeBAyIV^:BD >S D@_>F]iT? I[S ^:? AHD@c Î[> cB?Bv Y u bX>Fb ^tT ^^LgeIXc DXAC^ BaD@EdVI[_ BI[c ^]AC?>c Bc EdB{I[YiY>
]]?EsAc IV_wD@I >ZvVbXQ T 7 I[?FIQ ' AI[DZ> A:T_?@c eIKJ j IV?@I[I ] c T{Dtc Dj:I[? ]c Y > Tò>1c B3AC?@A/e _w^S b Bg_~]i^ChI[BIV?@`"IKJc Bc B> T AI
]> T ?FI[IXD@I[BiIK_JIA ` ^CACk Bg; J?AAHT>oeeACIKBgAHAHEUD8D Q ` 7 J {S Q ? c ' BIVY> > TT c Ite]B? ^:c h> ACc >@B
I1>FI[?F?@IK? _ S c >Z]AH>> c A1^B_^ ^Cb k
bXeT AH^ B `c Dc k D S T _FItj
D@E cI[BIVY DuART I[?Z?XA c _[B
AHLiE^k[vb` B{c B^?=> >@T I[IyEdEgD@AHj
BON N
` Lie ^S J
D@N>X^HBk ^:c >>KQ ]i)^ c B
bX> c D@c I>
^> T S I>\D>F^tA_AC?FB
IKJN
LgEGÂ b(J
N
cQaDX B9 ^:Q >X' Î[Li> I[TNc IKeJ ` BB^^:>? J bu D@I[>EdA8E Nc v=BEUA^:Bh Y c EUEsbXAHTYII[?@bXIyT J I[c ?FDI ~
IKBAH^:D@?I[D?FI[DACc ?@J
III[EUBg^:BJ
YtIVe ^:Bc _CA1EdeI[> ^ ST{B
c e>ZA c BBa^:Q*> Y:6 ^Q ' AHIVEd^> BTIc e^:BB^:Ay>J ^ b S I[?FBEdE I[c N B `
cLiAyDIK_D_^ S ^S ?@e?@B
^ I>FS?@NDBgS J
bXLI8T JIKI[_L
?@>I1N >@> S ^T BIT? c? I[Y S ?FT I[EdI[>@> I[?@c _D#^ D S AH` D?@B{I e^,
?I[S B cJ|`B?ZBAC^^D B? ` IBc B^D ?b^:BcACBI?Fe ^:bXBc T{BI c Y _ bXTbXTT cc _>AHTT D
keA?FÎVYe BE S ^C>FbX>@k^T> BTc _ *ItT EdI[Ed^>> Tb TIIVc D@e^ >c E _VBACT ^D@AH>1>FDtI[IKDKLgAHQ>tIVI[hnB(I[Q ?FIN/' I[>@IK> ?ZAHA:T?@_Edc >@N eI8J*u Bc =B ^:EU>#IV> > T IKIAHT>#c eeAC^B
?FBN
B ^> cT>tBc YOBLiv YI `
BI[h:^:I[?B hc BI[?FY Nt`:cEskAC>FT I I u T c BACD> T I8ACIX>@I[IVh:B I[B u Tc Bc D YOv ` EdEsB{v ^c ? Bu > >ZT ACIXj:IeAH^B
?@N1B ckB{^
Yg^Q*Jv x c BQ '> T I[I>
TJ
c? ec B{j Bb^:>AC>FIwI[|?IV^ ?@>S >T{^Cc ek TD@cI[DgE}k ^ bXc B{c > IKT Jt^ ]iS AC>EdeA/D8] KS EdI[?@>]i^TDFc eI#BEdI[^:> >T{IKACc e>k^
B^|^J >
u' ]{IVEG> A:_TIKc Jev c BB ^T>c DJAHEsAHBg]a_I Ed` I[B> ^:T?c eD c BB{Y ^`>=B{D T ^^?b ]Esu A8c J
NEdIKe v"S _ SD c ? _Vc AC^:E D c c >BNODFQo>@?CS i~ Q
eTc eIVBO>FeD ` AHBjÎ ?S D@BgEs_AC^ ] S > u TTc BD#^ E cc D@eIVDL` DZ>v T ` ^ BS ^Y ?TtYT? c IXBiLgJ I Tc c BD#A>FI[]gI[AH> TD@D ` c ^:BBa^Qa? EdI[7 > Q
Ed^C' I[kXIV> > ^T{B{Tc Iec e> TB{BAHÎV>>#hI8uI[>@AC? ^t>#b ^ SACS DJ|>#TY^HIKTkvc ADkl?@k^L{I[e ?@I[^> j:c cI[>@BBDtACAu ]IKhAH]iIV?@IKD@> AHD@T ?ZIVI[ACEBgBi^Hv1_k I J bXc uD Tc TaDc v1` >FIBJ
^:IL?1 ?ZEdAH^ IKD@S J*DK> Q
^S?F{DFBgIKQ JACe' L
I[I[N/> B
>@^T{D > c `TeA1I[?@YOBD8AHQ^:?@> EsACSBiQD@J I'` D Î[T ?> ^
A TI[Dc b e` ACY
>FBACI[^:?@?~e>1h>@IVI[?ZD@B
A8D@>@h:IVD EI[` E bXAbXTDZcc A:_> TT_?@TIKS JA8B
h>@DFI=?Z>@A Lg? c c BI[BIVIKY BJ `
LiL
NIKACT
DF>@S D=B^CYk*IVL?S ^:?Z?J|I[J B c DF` IKBAC^:DF?I ` bX^:c >? T bXu T AH^:B D@c eI AHT EU^:D?@viB> D T ` AHI[>N:ACI[?FD I#` >FAC^Bg?@JeI[T B
^
>@^CIKkJ D
T{A8h:Q I' LiI[>I[I[TB c ec BK ACS E ?@b IKA8J NO` D^>@? ?A8bXhT I[Ê DFbXIc >> TA c EduD LiTIKACA8DFh>@ItDv LiI[bXI[TB3c _ J T c D AC ?FY I S b?@IKI[J*EdEQ
Lc B?F^_j^:IVEdB^ S c ?B AH` BgD bXJyc klkl>^`?@e I[Bg`CJ
bX^ bc > IKT J ^ S bX> c >S T ?@Y E cS B{_FYtj
N> T eIVeAC?FjOe D S` AC_ TBiJybX]gc > I[T ?k> IKT _I>
Yu L ^
S A?@J*B Qc B:Y
vQ _w^$X?@T ]{ID@I e` AH^:Bg?@B J3c BAYLD ?FS ^B j` IVB> T DFIIKACD@e>^:e jS ID@>y? c D Lgc I/BYA8hk?F^ ^c e!J
IKJ*A Q
' IV> Tc eB^:>_wE c ] Tc DXBgA c EdD=^? T A c ? ` ACBiJB{^>X>@I8AC? Tc DXBgA c EdD
nx
bX>@IKc AH> ?oTy^CTc D\Y>F?I[ACI[DF> D T bXQc > 9TQ T' c DoI[>BgATc c EdeD8KB{EdI[^> >T_c ?eS D BT ^:I8>ACJ
?@^t> T ACB
^N
?> _TEd^c BJ
YD ` > BT ^:AH?>
c D 6 S Q DF) I[EdI[eD@D1ACB ^:? bXbXT ^c EdE _?T S A8D hT ItI[DJ c _wDEUAC^YJ
?FD I[` IK>FAHIKLACEd?FItD?@^CI[D S Y:Ed>@?ZDAHD@c D B` ^> T?oIL c k >@S I[> D S T?@Ic D Q
BgT IA c bXEdD T` ^Y^
BI[I[DyY:EdD@IK^
_^>@BD u >F> ^/T It]gIV? ?ZS J EUIVc > DXc ^:^CB kwv=` ]E c SjI? c}bX c _[DFAHI> c AC^B BQc B
kn^:Q ?@e' I[I[>?T{AHBgc e J
B$ ^^/> ? b c J
?ZIAHB^YB3EdI>
T EdI[I> LgT{Ac e_FjB^H^k> _b ^ b IKACD ?#u Ay^?yY
AC^C?Fk#EGAH^8BgJI[Bg^Cv h:I[c ?DuACT{B
c N D T T ^ A b c ?ZvVA Q
LT Es^ ACS eD@IXACLIgEdI#_I[A]{_w>X>KQXLONf x > QT I' IVYO> AC>FTI c èACBgBJy^:>#L
NtI[B
B >Fc I[Y ?T A>"EUb IV> AHEUTEdIKc eJRh j:c I[EdI[EsAC]Y:ACI#>=^:A ?
Ed]ÊsBA8NYbXJ c c DF> >ZT AHBgJ _c _wII k` ?@B{^:êz? T> T c eI1DF?@I[^
E}^:kg>@>ZD=AHj^Ck\I=>F^C?@ I[IVTDKc QDoHD gT Q^
I[' D8I[
> EdI[T{> c ezTc eBIVBh^:I[?>
IKÂC?o> ^` BEUN Ac BDFYIKAC^>8BQA 7 LgQ IKJ ' ` IVB> ^T? c ebXT BAH^:> >oT IKAHACDo>LgAI[k>@IVIVB?]D EsS A:B{_D@IKI[J >Xc ACB B
TN c D u kT ^
AH^|BgJ{J v
BIK_ÂC^B
> ?>bXYA ^cT{B c cACEdBI B
YNTbXc DFD=I[T DZkI[AHI[?@I[e I >#S S AHeB?@I ] Y:S u ?ZN:? A c}I[ c>ZB{IKv DKJ b ouI[EdAI[> >k>@u IVkT?@?c ^:eeeIKB> ACI[T EdhDIIVv[?AHQ1LDFE EUS IVQI[> c]^:' BgIVBgv> AC` j:T{L IKc S Je > `
EdTI[c > D=TkI[c eI[>#B{AH?@Î >XuYD@^> c >FEdEs^v Lgb I8I[J > `bXbXc c> EdTEaACb >FIV>Z>XA c kBI[IVEU>K^:Q BYy% IE c kbXI:QT ÎKQ AC'>FD I[> bXT{Tc c e EdI
Bh cI[^ h:S I[Dy?t>@I[^B
>@TIV?c DAI[N:]{IEGA:X_EdI I[` > J T{c}c e_ S BEd>1^>^Ck#Ed^
A^_[j3_wI[AHD@D> `S bX? cTBc I/_ T^c?D ^:c ?ZeJ ]gS I[?@I?~ `
BT^c e?_B?F^:^>tD@DD@>FA I[](? c hÎVB ? T u A D bXc ? c` eACeD T c I[B{D YO` v LgbX^:Bc > I[T3D ` T{]ic D^>FAHD ?@T eIV?ZDKJ
Q3D ` :_w^Q >@>F'^B
I[>~
D@D@I[>A8I8NJ3>F^:^?Y:I[_ > T T AIV ? `"bXc ck > T T I^ S J
>I[_[D ACc DF?F>@I[D D` BEd^^B{? Y/bXE c c > klT IQ1ACBiQJAC'EsACI[D > ` BT^c e? bXBc >^:T >
bXT c Sc e> j
T jBACEd^:^ D>bACDY ~` c_Vh:BACID@^>F?>FI^bXeA c > I[,
T B S k` J|^
?ZBÂtEd^:D ? A:` J
BbXh ^c c ?> _wTIbX` c) B{> TB
^>?^CNOh:> A8T I[h?@I#ACLiD?FIKA8I[ACeN ? c c B{BgBDKAHYtQB
e>@ D IV9 u B Q^H` k B' T^:I[c >?D
e> T IKI1AHDEsvA`_?FBIK^J?=EskA^
b ^Ju >F^HÎVD S?@IK_ JT >@Afê> T AHI1Bgv Y` ^BJ
^:DK? {Bc e^?X]g^:EdI[D@> I T{u cS e]iÎB ]TEsc A ec B v
A1,
S ]iJ
I[?BgAACvBi^_?IQJ c _w6 >ZQ AC>F0 I[^:D1? >@T ^ I TbXc eT ^tARI]g]I[EsBiA ACc BBgD"_I > `*T bXIcDZEUAE_wD ?@c IKBJjEs>@A ^:b YI[u > >@T ^yI[A?
bX' I[c >> T T>c eT AC> Bû e>yDZAC_wBg?Zv AC>c _B
T>F^/T{>c DT I T IKT A:IVJ EUE bXu _[c AC> T EdEdIKLgJ^:v > T() DT ACAHeBgh
J
? DXc >A^ Qc BIKJn{Q
Ed^ I[S > > T{uc DezS LBe^:>XI[?F>@Y ^ c S B_ Y
Tv c c > >KQbXT{ c x EdI Q T ' I I[c> D Tc ec e] S A8?@hI ^ ` c BJ ^?Xu c BLiACAC> B{T IYI[bX?vtc > T>F^ ~
Esu A8TN c eT D@Î[EsE}J k^:^H?k ^:u T> Tc DyI[?F^ DZb vfB3^B^?f> T Î > T T I[I8?AJ*eQ I[B+p DTv I[T B A c T ? I` ^:T ?AHDt>F^/LgAHD@>F> ?T c IKjJ I
u c D S LebXIV?@c Y cT BY
v c Tc D T IKA' J `#T TI c D T ACEdE1B^>>@^ S _ T ACB
N(^Ck Tc D
EAej L{c BD Y bX> T ^ ^ c DEQB^:C>iQ J|I[DZ_I[IV> BgJ
IKeJBkl?@^:^>eA_[> _wT I[I/]>#D]{T ?@I[ACDF>FI[? B
c NO>@ADkl?Z?@A:^_e I `
kB. ?@^^:B?ieI/kl?@^ ^> c TeE}~^]DFL ?@I S I[DF>ZbXD_ TT c ^/I[D?FDD AC`S D ^Lc Du E}Lgc ~D@eA>yJ{ACL
vB NS ACk>DAT _w>FI>I[S BYO?FA I[DFc ?@BEGD A ` S ^HACY k#BiT ]J1>F?@I[] ^:?S~D@T>Lc ^ E> cS S _[D@>@AHI[I[BDD8D `Q/` ^:B B^:7 I? Q
>ZACA8Dh:voI[>@?@I[B3BAH>A8D huI[Lg?FBAJD ` AH^:DZBvfIX>@j I[c BBYt^ cACE}D ~]u ?FLgI[AD@JDFI[AHD `DZvo^:>FBI[IBL{L?@?F^^> > T T I[I[E#EdDKAHQD :uLgQ A:) J
jbXc T B{^Y jc DIVI[J|]IKDt_EsAAC?FT
IKJS Bg>FJ
^t?FLgIKJ/IIK> T S^ ACS E DZACu cBiB JbXD@cEs_@A j:S IKY J
T B>@IVI[D@?DZ~ Tv=^ >FS^DFA1I[DKL iS >@>Z^_ T AI[_F?~
_AI[_[]_wI[>=]]>@?FDfI[D@]I[?@B
I[>FDFD=I[B
k?@>@^:D1e kl?@^Tec e AHc BDAA8h>@AHI[??Fc? _ c Lc ^ EdSI DXu _j ? c c BeY I8bXv[QoT ^/AQ _% >FDtI _bX^T B
^ ~
>@_?I[ACDFD?@cNf^B>@^t>@> ^T I> T W IyBD@k> ^c Ed> EdS ^ >FbXI[Dc Bu Y^Ck*> b > T I[IB
>DZN:A:~_^:?@BIKIJRTEsA I[b EdEdDKv m1`CbXcEdE
Q Y$ ^ ACc e BcD DFS ?Z_FA ~ `
)T I[BgEdEJ `T 2 AC>A ACT e ACc BgDFAH?ZA ?ZAC`j2 A ` A T{AH?ZQ A S , ?ZAHA8ehA Y `c hAHBgA A S `?A82 hAA `T A8> h T c I3j c1ò$ACEsAHAC]gD SACBi>@?A A `

??, cc AH>Fh:e> I[c ? j]À ?` AC, >ZAHAH9EUe]gQ ACACBi' EsAA ^ `*`T ,AC) ACDDACec B~Y]gj TACSa>FAH` ?Z>ZA8A h`gc AHY , Bgc AHD A Tj` ACA jAH` ^:Bg EsJ AAC`> 'T c^ B S T `J|A8e>~jT ACACI Es?A ACu `jAAHeQS > c cB eY
6 ~v Q
k' ?FI8IKÂCJ{e?@AtB{AACIKJBgj Jyc ;BJ
Yi?ZI[A QD Tc :?@eI#nQAHL{BgE ' c ACDFIVDD> `1AT{kbX>@c IVe T ?^(J
b jOIKACAHB{j:> ^ ITab ` c B/J
> ^tT> T ACBI> ^:`t>e bXAS_VT T
_^(I[S ]?FDF>Z>> A S]{` J
?@DZI[NA:DF_I[?@>B
I8T >@J ID
>@e^ IV;? c ?>aA ACT BgeJ ACb B IK` ACAHEd> BgTaJ` ^C> kT{>c B{T jI"Lg^H^k J u c> EdT NXIkAHA> _[c Y SS cI\D cAC> ? c c ^:D B/c B^CYXk[> vXT DFI[]?@Ic ?kl?@c >^S e AHE`
?]ACc BiS DFI[J? Bc} ^H`
IKkT J > AHT TDItc ?@eI[>FE? D@c S I[I[Ifh:E}k IK` eJEdI[IK> > AHT B TIXc c BBeYIK_D@^HIV>ZkD@AHD >Bgc T> J/c ItIVJD#"S ^CIK? k*Jc BBgAYQXAH> > S Tx ?FItQI+eACBi^T J?@I[B B_[c ACB{T?FYII k >S T bXEdAHEdc N D~
E]c ?FY ^T ]i> I[` ?oe > S c e>F>@II[? u c T B{IY=e k^S ?DFAX>*EdD ^:c e BY#c Es>ACc ?FeEdNI ]iu I[> ?T klI#^?@PteA8v*NO>AHT >@?Ic vIV`hAHI[BgB Jtc BAHY >\u >J
T IwI ~
hDZAH^:Y> cI[^DBi^v[LQ>ACic BQ IKJR; NEd^B]Yy?@^:E EUc ^:klIB`
Y bXc Bc YDZJ
> ^:T e I`:> TbX^c EBc ^Y ST >? ` J|kI[AChe^:I > c` ÂHBBgD J` > IT
I ~
_5 I[]iEdEdACI[jBgAC_w?FI ec BAHBAIK_[J _wc ^_1?Zj
J Bc B{^ Yb >FEdIK^tJ|> YT IIQX] ?@7 IVQ DZ_% ? c A8Lih IKc JBY? S ]iEdI[IX?^k^B ?Feu > IKT JIXk> S T EdI E
e]gA:^
J^:A Bu ^H;kT > A:T J
I?ZAHe]gÂB
J{>AT v v` A, ?Z; A8h?ZACA BiT eA ` AH^:Bg?#Ay^:D BT AC> TEdEACJ>c E^Cc k Y:I[ B
?>@A EdNS D DFT > > S T J
AN ~
> T S I#D TNOIKA8J{~@ACJDXA8NJ S u ? ^Cc k#BY> T kI^ S e?"^:eBO^> B
T > T DA SACBiD T JAAv ` T ÂC?tE}kZ>QoT I {Q ?F+D@>T JI[BA8N/> T ^CI k
>]iT I[I?k^:L?@? e c Y T c > BT > AHT E}Ik^Hkk^?F2 I[BAC^
Y ^T BA > T T AHI D5 _^:>FeDZACI?FYO` AHA BgA; ?^CA kT e> T ACIBgA"IKD JT ACACD8EdEQ
ACD1{Q > T% I A8h W Bc B{D@Yt> c >]gS IV>F?I[kD^:?@ue^HkI8J> T > IyT I DZA5 _w?@>FIKDZJAH?@YOEsA Afb ^ vS ]>@D ?@c IVJ
DZI _? u c >LiT I Iòh T c IyEdEsACD TY:IKACvEdE `
D@^>F?#^J]S ?@? IKc A:BJYc B> TYACJ >1S J? cA8BN Yyu >^Cb k^y> T JI A8N
5 D>@DAHACBg?FJYOA> vT I ACBgc B
J >FI[u ?@> h:T I[I1B klc ^BEdYyEd^ B bXc cY B{T YO> v `
BJ cS Y ? T c B>8QaY1> {T QI=) L?k>Fc Y I[T? b > ACu T?J
AHDEdhT I[I=DoD^CT k*AH> EUT E
IJ ec E c ^Y:B
I[B
> T >@EdDNXv ` ?@ACI8_Bic J>@IXJ > S T EUIN1DF> IKS JJ
AHN D
ACEd{EQ > T ' I IV> ) TB{cYOeACDyB^C^kX>y> ?@T I8I_ c >@I IKJ{u AC> DT IJ S >@Iw? |c B>FY/DZv > cT BgIJ cJDFAC> c?FBgj/_>FklEU^N ?@`>FB Bc ^:Y ? T >@c D8B Q
>^CT kI> T ]{I1?@I[B DFcI[Y BgT _> IT ^HI k c ,
DXS > J|c ?@?ZIKACJ D8bXBc^:> ?XT EdI[?@IK> _ Tc > c ce B{Y`Cc >k T c I1B> T IKJ{I1A EGAH` >@Y:>FÎ[?XAC]gY
AACc?FB >
>@T^c eDFEdI[?@I8I[]a_ c Q >@I=6K>9:T 9 IXQ J) A _[c Ed_N ^:?Zu J ]ic ^B?FY> c >@^^Bt>^HT kgIt> T ? IKS v EUIt2 J
ACI8B
_>@EsAC?AC?@I8D J` ACAHBgLgJf^CAh:I ÌKAHEdI[E}>~
^; S ?ZDA T ; e?ZA ACT BieAAHACBgBiA J` u> bXT I T ^ 2 c DACvB
B>@?ÂC> DZcAHBe J Tc D@c >>FA?@I[Q DFD 6K` 9u 6 D Q T AH' EUI[E
> DF> TS c J
e NvobX> TT Î
D@bX> TS I[J B(c I[D> T ACI/E b A8N
IKJ{D\A8A8~hD@^ > Sc J J
Nu ?@IKc A:DyJ kc ^:B?@YOL vc J^BtJ
IV> B T ` I"ACk^BgEdJ Ed^ bXu EdcI[B>ZvY^T_[c _Ve ACD bXc ^:T B^ D
>@E c I8jAI _ bXT cI[D@DI8v[] Q S 6K] 9 c n{EdDQ $XA_[T _^^:D@?ZI J cbXBT Y^t>@j
^B^> Tb I> T]{I?@I[u D? _S ? Edc I[LiDIKJ^Hkwv? S ?@EdI8I _ c >Zu ACJ
> ^ c ^c B >
LiJ
A SIKI_wJ EGD@c AH>@L^:?@EdI/]I]i>AHIKT >#J ACB > ^c Y B/c B3T >> T>` T I[AHDFI/BgIJ ?Z> A bXb c B
T^ NI[uB ^D@IK_[c AH>_VD@ACbX^D cBT{^:c B?F> DZEdT D v I/àS bX"]/TIK> JIVT BA8I~D@> J > T SS I D@J
> bXNc c B/eBgJ > S T D@c I>D
>JT
I[A8S?FN:NBi~> J
ec I[e? I[I` >@I[QAC^:Bi6K?@JtD=9:x?kAAHQ cEdBEg2 ^:u ACBACB ?FACSIXEdE*^T LD ACc DFDfJ|I[I[?@D@Dh:>Z` IKAH>Jy>@T IK>@JIt^:` Y?@I8>I[T_> cT AC>ZI[>AC?Z> bXv c ^` T BÎ[? Be bXSE T c D@Y I[>=T B>@LgBEsI AHc ?@Bc YB
Y I ~ `
>k@?FIV^?@?eS ]> >@T IKItJ ^S _[B
_ >S c ?@E?F> I[T BgIX_IDZAH^HekI > T T Iy^ S I[? hI[u ^:B
Bt>v[>Q T 68IX9 BgIQ +>JT A8I[N B` _^^ BS ItB
]i> c I[B?Y ~
_A8Ikl>@c h:I[?tI[D1> T> T II[DZDFA:I _u?@]I8JT I[ B?@Î[eD I[T BgA8A:h:v#IACLiEdEI[I[>@B^Y:eI[> TAJ|I[?Itu>@c^B/L> EsT A It I > bXu kc ^:E c ?Y T > >T v I `
]i?@I8I[_ ?c k>Z^:AC?@> ec ÂCB3Bg_^HIXk#^H> kaT I> T I IK) JY:AB >@cdT^ ^Li>F?ZIAvk^:` ?@> LT cI[JBJ
^:IVBB I#` eACBgS JDF>oACjOEdD@B{^ ^ b bXT > TI[B I
_Ed^ S J
DAH]]gI8AC?#^ S >#^HkD@IKAHD@^BQ 6K9:7 Q . B u > T Iy^_[_[AHD c ^B/^Hkwv
tAACBg]{J ?@I[bX>FI[T ?@I[BgBAH>> ST ?I#ACE Ec Y D@T^ >@S DoBg^HJRk kT ?@IK^:A8ehIV> BT I1AC?FDFIXjOND S ` ?Fu ?@^C^ k[S vXBgACJ
BIKJIKACL
?F>NT A S T AHACjEdÎ ``
Ed> I[c E*> >TT c eItDZj
AHBe^ Ib T > ^ T S AC? > uu ^> T BI=> T IKItJBAI~DF> >1S JJ
A8NfNe v ` S I[D@h:>*I[LiB IKcvk D@u>F> ^T ]I[]iD@IKIyJ ] S T B
I~~
BE c ^Y eT >@I[B Bgc BA Y/T ACAHBi]]iJI[>BgT v Ic B/?FÔ> AHT ?I ^Hu k#?A > cT
B
S NBgvXJ
D@IVI8? ACD@u ^:AHBa?@IQ ^6KL9 DFI[Q ?@h:;IKS J> vbXATk>@I[IVB ?
>D TT IyAHEdE*DZA:EGAH_?@D@I8>#J AHD# ?@EdÎ[DBYT A8AChDIy> T LgIfIVI[E Bc Y Te> A:u J
^HI1k>>@TÎtLD EsSA B/I `^:?X> T ^CIkDF> >@T ^:If]D@]g>ZACAHY:?@ID
c?ZDA c h B c D` c ^L_[EdIK_ vVS ?FDc ko` > > T T IfI?@?@I[IKeA:J A cc BB Yc BDY T u AHACEULiE=^C_hIKIAC~DFBgIKvACèLiIK^Jy> T] T c IVBB^> T eII[BJÂ8N:B ~ `
>Icge_I[ItIKJAHBgc B{J/Y c ACN>YB ?@c I8Y ACT >#>KQe6KI[9 ? c> Q ` A0 ^_?^:BO> T> c ^:B D@S I ACbXE cT B
^ >@IVbX?@? c SD T ]> >@c ^/^BA_V^C kS{> c T ?FII
u > IKT JI1A~DFIK> JS AJ|~N DF> u S c DJ
N]{?@e I[DS _D@? >c LivIKAHJE bv A8c BN
D h uc Ed_EsIKACACY:DFI[IKDv ACbXBiTJ I[cB/BAC>FB
^ Nb Bj Dc Bg` JAHBg^CJ k
k_^ ^S ?F]EXD@D@IeE IVc I[EUED àu cc DB ]i> TI[?ZI_wI[]]?F>I[c D@LIVEdBgIK_vVIQ ^C6Kk#9 A {Q u eW BACB A bXh T c EdÊsACE Y:c hI IVDbXTAHDI[?@SI B
A ~
?T c IKY AHT ?Z>FJI[v ^ ` S ACDFBgEdNJ ACc BtDAAv _,
?@^S b J
?ZJfA ^C`kbXeTcIVEdBtI > u T> T I IXu ?@D@I8^ _ S c Bg>ZACJt> c ^H^kwByv ^Cb kI[> I[T ] I=c BY IKJ{u c A D
e^CkS > D@T >*ILiB IKc vY TD@>F> ^`8]bX]iTIKc J*EdI Q T 68I=9 {h^Q c W J
B D*b Iw{AC_w>F?@I[I[? e` J I[S B
? >@c D B` Y1^?> T c D Ic e ec ] JS J
?FEdIIo` ]gAHACBg?FJ >
BEdA8IKkÂC>F>"I[?FB? I[IKhT JI[I B; T > ?TACA Dtc T Be]gj AHACc ?@BBg>AACTjDc IVDT BAHT EUIK^CE
AHk#B?@^:A> >ou k ?@^CS IKkaB_ > I[c T>F?IXI#ACEX> DT AJ IX_c B?FIKBJI8I[J? >@A1` IAJ >FS DZe? v[c Q ACBB/Y1668>e 9 T QS?@I[D@) I >
u
?jJc cA8>@B{N
I8Y vD ìcT B bXACTD=T Î[LiBB IK^ _T SÎe?a^HT I kgAHc ^DeBAIX] _VS AC_?@BiI[IX]_I[>F> IKTD@>FJ?@^^ ? ACS B Yu I[T jc BOÂ1h JLc J >Zc AHc ?FD >> T cT ^>ZBA^v ?X>F` ^MJ
ÎK? A AHbX> TT k SI[c ByBB I[> T?T ACc I D E
keACe^
^c B EUN c eu D S ] >ZS AC?@jI:A:Q v 6` 6:^6 ? Q bX) T D#I[BEd^:BYA T
ACSDX> L
T NItACD@BeIKI[_EdEaE c AC]BgD@IyJMe> T AHItjI[DF>ZD=A > c TB{I D
^C> T kaI> T LiI ûJ
klN Ô^^CJRk#Y Ac hEdI[IKBiAC?Fv Bc IKB J T ;^B?ZA^ TS e?X^CAHkoBgÂ B` I1D@^/ACBgEd^_IVB{D@Y >@^:T ?#I?FI[e eS A D@>1c BB^:^:B >
k?@bXI[IKcI[_ > >yc T >FIACAt?@>Iy_T Ed?ZI^:A > cT D@IKIK> JJ c IKA{JRu Q ^?@B6^ 6 S AnBgQ LgJ IV+TBgc _ D=TT c jOv EdIB{Ì[bXEdI[N TD c `Bc EdEdYI I[> T^B3TIc eD Ac >@LgDtB{I8^^:J >=B òD@>bXTS c TDJ
c N EdT I ` AHBTe^:c D?D
bX] S T ?FI[IXB ^TBI AT_V_AC^ DS IKB
AC>>FI[^HBk\AeL IKc AH?@>>XT ^^:??k^
At^J
JI8ACY > c Th:I[`gB/6:6KL
x N/Q A4 ^:]i?I[?@J DFS ^? B c Bc YteA ~
kLg^^:Y > `T B> ^:T ? IXbX> TbXc c EdE IXc Y > T T >FID ` D@^BS^:Bg?Jy^B^Ck\> T AHIX?@?@B^ Ib b D ~ceD=^
A S^BJ c JLA8EdI N ` ` BB^:^:??J ^SBy? >c B{T YI
k^^ BS ?@> >@T IVII[B
k S > TEdE}~ACeBg^
Jf^> BT IXJ{A8I NOc Y Q T 6> 6 T guQ J$XA8N
T DoI1^CBk*I IKb A~_ eTy^
T ^:ACBE}ks~JeA8N^:B
J
> I[T DFv >@`?@B^CN
^:D?
>ACT BgIJ>F> IKT AI=_ kT S IVEU? E}~` e> T ^
Iy^B#k^ J{S A8?@NO>FD I[I[u B
J
> I[T D@>F?@u ^CJNA8NACv1EdE
> ?@T I[Ie] I[Se] Lc ?E ÀCBg> T _I"I^CI kwc vY T> T> T I
668IK7 JQ A{)EdI[>; T{?ZA c ezT e> AHT BgI[?@AIwkD ^T ?FACIEdEoA8Bh^^c>1J ?FuIK?@_ IKc A:>@I J c uB> YyT I^Bgv"I8>JT A^:v1D@IJ S u ?J{c A8BNOY/Dv[A Q
bXLJ S?ZTA8DFc N >EdI#~c D@B[>@Y1^:A?@_F^CejkaACJ
` EdD^:BB^T j? ^ I[bXb N
DTE ` ` c EU^:B{IX?^> ?> T T IXbXID@TYj
c ? NEdSIB
c D> > T c]BI?FY1I[Lg>@^CIVAHk\?@?@Bgj_[AHAHc Be> SY I[?Ed^CACD kEdEdu NcJ|D ^?FT IKYJIKD AC`` ?B> JT ^:v I ? `
BD@> ^S ? J
bXNTBc EUIKI AH?u T AyI L c DS ?DFcIKACACE}>F~IKY:J?@^v S c BBgJ At` _B^:ê?]gBAHIKBOAC?1N
Q Ay6:h 6 cEdEsQ AC' Y:IVI > ` BT^:c ez? c BB/^:A >
__^^bB8 ~S ]gYOI[AHB E ` c BB
^:>F?I[?ZJ
_?@^ I[S DF?@D@DFIKI J ` c B{BÂ#?Y
AACk>@?FI[e?fI[?@B
IK> _IbXc hTcc B_ TYT AI ]b ?FÎ[D@?FIVI#BOJ >S AH? c>tB{YA
keS BAH>@IVI ?ZAC`:EbXDZT A:AC_>F? I[c}hIV_?I:Q Li6It6 > T Q I ; u IY c ck>>Zv=AHACB/>#ACA B c, e?ZA:AHJEgJ ^:T ?#A Ay` Ed> I[T> c BTY c ec BgBAH^B >c ~ `
T^CktA8h A c B; Y? A S T DFe>ACA:Bg_[A_I[]{c D >@IKTJ c Dc > e` ^ ?@I8S _ > cT >@I/Q > 6T 6 IQ IK+JA{T IVBkl^?y> T > IT I h c T EdEsAHACBgY:J I
nC
T?ZA AHc DD@IKLiJI[I[L

BN Li I[?FD@I I[` >XEdL
I[>NyT{?@^:c eLLgj
IVB?@D ^ ` b ACBg> TJ ACbX> T u I[> B/T IyACBIKACJ{EsAHA8~?@D@e > S T J
ACND"e LgI[S IVD@B >
LiACBiIKvJ/c ^:B
B >FI[?@u ?> ST ]I>@^|I8J_V_ SS ?@B
?F> I[c BgEo_> IT I^CkwDv1ACeAHEUI E"T]g^^:S?@>@? IVBOu ^:>FDKBQ > T66IB{Q I. >B J{uA8> N|T v I `
^ê_[_[cAHD@D D c c ^^:BB ^Cu kw^Hvkt> >T T I I 5 ]gIKAHJjAAC~?@DFe> S ACJ|BN|AHvBgkJ ^?u ^H> kwT vo?@> IVT I3I#J"A8IKN
J
D ^>FT DZACAHD?@YOLgAyI[ACIVBB
]^Ck?FI[> DZT _I? c LgDFIKIKACJ DF` ^BL DS >1k^:^?B/A> TJIA8N) AHD BgT >J/ACjAACB Dtc YAHTBg>KJ/Q ^:6 B/n 9 > QT I' I[EsAC> DFT>1c Bec Y BT ^>@D>
?@I[I8EdI[_ ] c >@T IACB
> T > I` B{ÎK? JcARBÂRB LgT ^
ÂC?F> D@I[u Lg^:A:?#_FDj T` c ]gB^:v ` ?B{^:^B?#A^:B>@?FAI[I J
` ^BB{^j?1I[N^`BBAC^:B ?
^_[AHB?@?_[cAHAHeYI I[È ` 6 Bn ^6 ?oQ DF4 >ZAC^Bi?J J c BS Y1? c ^BByYLgAyACh:?FI[?@I[?@LgBAHY:E\?@AH^ EUS >FBgI[?ZJ _V` ACB> ^:c ^:?B ? ` c J Bc ^:B?#Y J c BS ?A ~
cBB^:Yt? AbXe T I[S B > S T AHI EACT D@AHDDA S SEd> D@` >1BIKÂH? >@cI[BB À1B{_[ÂC?teJ ] S ` ? Bc ^:B{?YMJ AHS B ? c cBBgYyJ cA#Y:LiI[D@AC> >@c >FÊdB I ``
BbX^:c >?T A8^ klS >@I[>?X?@h:I8^_Ie c h c >c B{c B{YY `]gBI[?Fê ? bXc D@Dc >c ^T BDF^ kS?@^:?e!I[? SA _w>ZY ACS > I[c D@^> BD u `\bX6 T n^n{Q DF>Z4 A8N
^:?D
cbXB TTc Edc ID LT Ed^ ^
S ^D@J IKv ` ^ Bb ^:D*? klbX?@^Te c EdI#T{c> DT LgI ^bXJ
c N Bg` JB^:L? Ed^ bXb T D=IVhB I TT I I[ec D I[b B
^>FEUS N Bi` J
BIK^:J ?
L
> T NI A b ACIKY AHS ]g?~^:hBaIKQ J{A6 n bXx QT{c' EdIyI[> > TT cI ez, ACBeI[h:AHI[B?X?@u I8e_ c IV>@EUIt^J > Tc I[ItDv1 ACc YC?@I~hTIKJ{IKAHA#?Z^:J*?
u
>@$XEdIVI[T ? > I TB c cec D YCT~cDFhB>@I8^YJ]A AyACc DtEdEoIKJ
JIKARIK_J{EsÂHA8?#?@~IKD@AJ> kS >@I[>FJ
^?N?@LikIK^:I_ ?c DZ> AA:c B_YJ?@I8A8AHJ N/B >@AC^) BgJ?Z> AHT BOAIN
B Y:ACc^jY A{J
T QD >Z` v#6 > nHAT gksI ~ Q
> T AHIY S e?~ACh:B{IKI[JDKA TDZA:I[_Bg?@_IKIJR> >@T ^tIeD@^ I[SB Bg` JAHBg^CJfkX> > T T I I, EsACACe>F>@I[A8? ~hc IKD Jc A=eD]AS_?F?FIKI Ju AH>@^ D
cA8> kl?F>@D@b I[> ? I[b c ?@B3IKAHvV?ZJ Q J
S DI6 >n T^:7 ?ZI Q/J
u IV>F?tIB> ^ >#T bXI^Hc k\BI[D@>Y/DFT I[IK> BgTvX_c ID ` I8^HJ> kT AI>Q T 6 EUII8nAC> ?@T QB{?FIKI[J3I B^ uJbA IKc EU> JNT AHACDZ?@> vyI[]iu AC>IKBgT ACJ I>
bXIKT J{I[A8B~D@_[> AHS >@J
>FNEUI è AS DFk>?F^LiY IK` v A c B
_[>FAHI[?@> ? ` S A]>@J|I8^JY k` ^?XA ADFBgJACA8j:NI ÀHBgAHJB Ayc _ BT cBY I T S > ~ `
e6 n:^:B Q ` ^' ?I[>AyA?AC>>XbX]gc AH_D@ID~LgLg^:I[?@> B(b I[eI[BAHB3u > ACT E Ib A8>FIKN
AD_ T_[ACI[?1?FIACk S BgEdJ EdN Tcc DB
>@] IVS?@? ] S c ]Esv[> Q
>bXT T ItI[?FI IKJT AI~DF?@> I8S _ J|c >@NI[D ^Bc D > c b e^ ] S u ^?@I_[_[` AHACD Bic ^J B{bXD ` T h IVcUB Q vT I bXT{T c I[eBD@> I[T E}k Itc ]{D EGSA:B
_I ~
]?@IVS e? c}A c IKB1J*_ Q T 6 ACnD@>FIQ ^:) Bt> > bXT Ic _BIw~I Lib ^~?FeB^
e^B1ACB JA8bXN T ` ^^ Bfc D#> T A I, I Bgc Y AHT >Z>ACT jAfu E DS T BgACACEd? E
>kJ^:T A8?ItN/_k^H^:^ kBKS IK?@S >FA:I[Y
_ I[ACTB
E > T c TBOAC` >FE}ksI[I[~?Zhe_wIV^ B^S B
?Fu > D@c T kIKvvV> `Q T Î[6 B Nn{>kTAHQ EdIyEG' v kI[S c> B/EUE}T~> ec T eI^
^B]iB^:I[>#? Jc ^LgA8NJAH`> uT AC]I Bg?@J^:u c]geÎ[B ? ~
ee I8c JJ J|c ACEUI">@IV^CEUk*Nv=> T A8IXk>FB I[c ?Y TAy> e` BIKÂC?oE ` kl?@BIK^ ? S bXI[B
T >FI[EUNB J
T ?FI I[D@c DFDXIKD J c _Fc j B` ACBEdÊ ? Tc c DBYO> AHT ?I ~
e6Kx:IV9 BOQ >FD ' ` IVB> ^? Tcc eB/AB{]i^>^
^c EB
>FbXI[T{B
c> _ c ^TBgT AHIEdEUNJ|ÔD@IV>@D#IV]B^:^:>#B3]i> I[T ?kII8_D >@T EdA:NJ
j
^ Bb ^ b ^Ck Q
u c eT{ACc YIVD\^HkwT v"> T ` IY^J
D ` ^Hkc AtT P S ? Sab ` ^Ck\Afc j c B{Y ` ` ^Hk\A , BiAC>ZbXAHjT A `
^CT k AHDXLgD=I[>@IVI8B A_ c B I[c > ? c AH^C>@IKkJRAt>@?FÎKJ> JT I1D ]g~I[L{??@k^^ ?FeBAHAHBgB _I#e^HAHkE A ^:, ??^HA kaS ^>AtBI DA_? c ^ ~
]g_AHI ?@>ZAHu q j c c B{j
Y/D T^Cc >k#Aev[Q IK6KACx>t6 ACQ >) A>1k e S Bc JI[?ZJAHA8E#NJ AHc BgBBJ/I[AH? >#` ACe Bgc J J
B c cBY T > >T ` IA8k> >Fb I[^ ?
>TbXc ec E c Y BT ^:>@>DoDFEd>@I[I[> ] T{cc eB
>@IVBBO^> >=c ^D@Bg>A8AHNEUEdNEd^:^BB Y1^> T{Bc B{AfY_D ?@^:S D@D@DI8~J?@^
kA^J*?tQ _68EdIKx AHn{BQ D ' c BI[Y >
>^T BItLLgEdÔ^^J
JN `` ^:^BBbe AHS >@_ I[S ? D S ` D@AHIKBgJJk^^:?#BARACB
LgN
AC> > TTac `B^:YB DF]gS AC? c>BÎtS ^:>?X^^??ZJhSêR?@I ~`
cAC>@BIKJI[Q BI[e68xN x ` Q >@^' > I[T > IyTkc ? ec IVBgBJ^>^CkXD TACB^ b I[B]gI[ACe?FN> c ` _ >FS ^MEsACA ?bXAC>Fc >@_@I[j:B
IK>Jc ^:eBAC>@B ^ `
n7
>@> ^/Tc DAb > T^:c ?@IEsk J` ^:> T?tIV>@?@^/I > c TDI BbX^:> c TkIc B^CY k#D@AC^3B{^J
> IVT >@I[? ?tc eeI[AHB
Ba>ZACQ E=6K>@x^gEdQ ^:B0 Y^? E c c kB I
AC' D1I[> _? Tc ec e c BgbXAHTEa^_^J
B
I[h:D I[c ?@?FDI[ACDt> ]c ^:?FB ^D@bX]iI[c >? T c >N AC`Bc ^:Bg> J|T I[I[IK?J e` BAHI[Bah:p I[D ?tbXJ
c klI[IDF]Q c 68D@Ix7 A Q
I[bXhcD IV> T ?T AHDF>@J ^? c c DFN
k?@I[A I[I[DF` L]gAEdIKI_wDFQ > Bg` 68ACexj:I A8Q` N AH; S BgIK>@J3_[>@A IVAS?@EdD@NEdIIKAHJ|> ?@TI[BD@IVI8>FD@?@J I^CN >; T ?ZT?@A I[c Te I e` bXAHT BgTI[BiAI[B`_ILi>FI?@A IK>AHbXT >@c IKI[DFJN I
eTc eAHBtDFI[e E}k|S ^:D@B>"BA:I[_[h_ÎV?S B
J
>IVD@^C] kc klD@Î1?@e> T I[I[?*ekA Q c 6KE S x ?@{I[Q D8' S I[BO> > Tc E|c eJ|IKBAC>^:T >J
EUIVIV> D@]T{cc D@e I
D@bXI[T IVjyAC> k^c DX?F> >@S ? BS II `` BEdI[^> ?T{J|c I[eD@]gDZA A8c N ?^HbXkaT YOACA > c B c DXc B]{Y EUI8c >KACQD c B68xY {` Q EdI[' > I[T> c Te c ezS >FDZ>@A8I[N ?
kBEdI[AC^> EdDFTIJ T cc eDZ^
AC^Y:_[J*?@ACI[EdI8>E ACT b LACI[Ed> I/EdE c ` DX>F?^:>S ?#T > IyEdTaI[`>I[>FACTI[Bi?@c eBgJ3AHEdEDZI[A8Es> NA b T{p bc Q e I[6KEdxES p
{>@^Q>FB{I[u ?EU+N*BiT ^3EdI[AC>> ACY:T{c D?@c vI[eIKb AHBLI[^:EdEdE I> `
I[' BI[Y
> ACTYc I ec ByBA ^>S DFI[^ EdS I[D@?@DoBIVI[N/Be >@^
c >^N#IKÂC?o?FEdJ N c D@c] BS >@> I T IbXce> T ^:?@ACB B
c N
BLiY ^|` J|BNO^:Q ?6 >F ^
9 ^ Q
EsBAC^>@? I bXc Bc > >T T AHIB I[h:S I[BB j
c BB^Y b ` BBû ?o_^ SeDF]g>ACJ B S c ^:? c BgBv Y` B{> T Î?#ACe Ed^:c J{BJI A8` NB^:u ? T IKbXACc >> v T `
,
JSACB
J
>X?ACE D8c eQ L6 D6 ^:Q ?' ACIV?F>ITJ
c I e _ Bc I[^:B
> > c Bc B/D S E Edc >Xe> LT D ^:` D@BI ^bX?XT> T ^ ^T DFIA8hJ|I1I[D@?@>IKcJ > SS B
>@I ~
^CBkX^j
LiBIK^ A b S Ed>IKNJ
YÎ ? ` b BÎKAC?tEd>h:TaI[`?@N3BÂH?YIK> J T ^:eD@I I[B bX` T B^3^?yAH?@> IT ^^CD@ktI EdbX^ b T ^ L Tc ?FA8> h:T I Q
TT6
cIKD AHnEUTQ > ACTa)Bg` JEd; I[A> ?A _TT ^ c eebtÀCEdBgA^
A ^; j/bX?ZA ACT T >^ e> c T DAHIyBgc eA E S ` ] e ^S ? c ?@Bg ItAH?Fe?Ic I[S BD D@^:>#c B/? B{` >^LiT >tI Ic >FB^DFY j
S N _c BTìbXYbX^
Tc ^c> EdTJ I
T] IS ?Fc I D ` cEdI[e> ] TS c e?@I:Q ACE 6b A8x N
Q DoD@W k]{? T c BI j
T EdI ACDybX>@c >^ TS _T{T c DIKJT AH> BgT J I[DFb I ÀC>@bXIVT?c ÊdIByc> eT I ~
^& ?FgYO_ACI[B{]Dt> ^CbXk#T DFI[I[BBDZD AHc _F> j c ^TB I#` eACEdES DFT>c DtB^:E c>e>F^LSD `_ T AHBg> JT It> T_[A8Ih Bic > A8c I[hD I[Eu Q ^Hka6 > T iI Q
Lg> T Î J
NT v A cbX?yc >^T B^ S > T>I/AD@?@I8I8_AC?@D@I[^:> B u` ]gACACBg?FJ>@DZvVT Q Ie6 S 7 D@Q >tA8' hI[^ > c J Tc ue>@ÎK>@AC^ Y:S I[_ ?@T EdN v
k^C^ktEdEdY^ ^
b ^J(> T I_ûBi_ J S S D@>@_^:> èLiD IbX_[TAHc ?@_ IT k S AHE?@IK^Hv1ktA ] S S D@?] c c>_ N c `^ S ACDtBgJACBg_wJ^B
> >@T ?FIÊ? S AHEdEdI E
T^C*c DXI[?^?F^YOL{ACEGB{AHD > ` c ÊdI[B{> D Tc B3c e> T e I S >@>@?@IVI? Q u ]6 ?
A8NQ I[?F4 DZv#ÂH_[BgAHJ EsACìe S B
c >> Nc ?FIKT J AC` ]J{]iA I[c BEdN D
>@? ^S Ed>IT ^C^kaDFIY^
bX^T J^_wÎKAHBgYJ I[S ?F_EUNR> ` k>F^ÊdEd>^ T b ^DFA I S DFbX] T c _^c ^ ACS ?FID#_AHSE b D@>FA8^N
eDD#_[ACAH?FBgIkJS E> T ^CI k
]kI[S ?? cL >S N ?@` B
AC>Bg~^:JL>@EsAC^> c> ^:T B^DKDFQ I 6 bXOT{^Q ' e I[S > >@T>FI[c e? u`
DZbXA_wc >?@TIKJ^ S >@>XI> c >@? Dc vtB{Y AC`BiJ{J/A ^Hc EdksN ~
e> T S AH>@>#>FI[>F^?y>LiT II/^:"BIIKpJD ATACc Y >T >I[T DF>tI/J ]S ?F>^N*]i I[?u AH>EdEGc v=e^:I> "T kIV^:? ?u ^> TLI[DFNI[?@hJ
AHI8Bg__EsACI[?@DIv
ACu ]?FIKI?JAA_[_AH`> EdcL
EUD I8Nc BJuYO> D@vfT IKIX_wA ^S ^BgDFL{J>@D@I[AHI[? ?@?Fc Nh> cACI[JBgD S _` IX> AHc IV^HBgDKkJ Q > T L
6 I=NO{? J
S Q ÊdI[;c DBNY^HkwJ{BvA ^ ] c EdS Nc B8? c}?@ S I8_[_?@ACNc > > c c>@B^^YB _` > ?FL
T INI ~
AkC^>F?FIKeJI[Li?=I L c Bc ?@Y> D T ` DK^Q B6 I
u ^:Q L% >ZA I c B{bXDT ^> T ` I?FIKk_A:^:_ EUS EdIKEd>_wN > c B^CY kwvfT{?@c IVDekÎ[?FeeLiI[I[?X? Iwc BOY ~
c> D@T >@IIVBg_w_Î[B
D > ` c B AHS YOACA Eoc B DF> ?@S I8J
_ Nc >@I[^CDkX> > T T IIIKIKJJ{A A` Q YO68A 7c B9 DfQ I[' BgI[J
> EdI[TDFc DeLAHE c E D@b DtA8L
N
N D
^CA8*hI[I[?F?X>ÎVBh c > EiT Î e I[AHB?@D h` AAH~BgJJA8N
^:D=B^>LT EsAHI > )c ^D BT D">ZAH>@^ jAC, D#A8ACh Bic >@J ? c ) ACB
BghJRAHDD ST >Z_ AHT jAHACDD
EdTI[c > D#TJ cb eI[EdE _c ^BB{YD@>ZEdI[AH> B
>@T{EdcN eb ?@^:IV?@eD T^Cch]I > S T ? Ic BeI ACu AHB{BgI[JDKQ ^:?Z6KJ 7S 6 ?FQ IKv 0 ` AHk?tAH? kl?@u ÊUeIV>
T> T c eI1?F?@I[I[eeBg^CAHhB
IK>@vD=> T^CkaI klb ÔÂC>FJI[? ACBiS JDFIK>JfT kI ^?b bAC>FAHI[D ?XTklc ?@B^Y e Tc TDc kDI[I[Lg> AH` > ACT BgQ J687kAHn{? Q
&u T{AHc ?@D"EdNLg^c BJ

N> v T ` IfLgACe> T^?FI B ` c _BEdIKYyAC^B BTEdNc DoEd>@I[IV> I[T{> Tac e` AHh]^ ]c EdJRNk_AH^:IKEd_EUN
I[D? cU` S J|eIK_>@^^ ?ACT>Fc I D
I[EdI[N:> I[D T` c eAHBgJY:^b >F^:^?@D h Tc c D ]c >> T > TII Yû c J
eDKQAHY68I[7DXx ^HQ k;> S T >IK^:vBY^> TJ
ID ` AHAHBg?@J/hAh ~cJ?@A8> N
S D~
^DZAHS jD Iy; ^C?ZkXA T]?@e^:AH>@IKBg_wAC> D c ^` B AH`BgJ/ACD > Tb IyI[Ed?ES ACEdI[D ? Tu c ^HDtkP > TS I? S _DK^ Q S B
687>@?FgN|Q v ` ' klI[^> ?#T> c T e I
?@> IVT hI[I[e ?FI[B
T{> c cDACEd^ EdbNBDACD@E SIKAH>@I1> ` h:EdI[I[B> I[?TACc LeEdI1D ec >I[B{B IKACu bX?T > ^yT I[h e c D c >bXT{c > c T ev ^ ` c Y Bc IKhJ I
Tc BAHYyBgJ
LgDI T{AHc BgBiJJ`*> bXT I[T eIVBQ >6KT 7:I[7 N Q ' EdIKI[A8> hTI c` e u A:`C_[S _B
^> ec ?@]gI8JACB
` Nk^>EdEdT ^ I[b e> v T `*I1b _AHÊdB|j~~
bXcJ B3S T_wc> >_ T T/I^HkT DAHAh D#_c ?@?FLi>IKS JI[Î[BS>@?ZDyA:k S JeEUc Ed> IVNc B ^J
`B IK__^:u Es, BACe?FBIKIK? J _c >>FccIKBv1J AC> bXTBiItJc > T?@c IVDhTIK> c TAHDtEUII8^J/_[?F^
_ >FS Î]g>yAC>@^C>Dtkc ^:AC> BBgT D J I `
DZEdÂ:B_?@YI8JE c kEGI A ` b > TQ ?F68^ 7 S {Y Q T $Xh T c ?@?@> ^ S S ^ Y S T Dyh _c ^?@Bg> S J ^ S S _D>_wJ
Î[BgD cJ ?S AC_L> EdIT ^HIy^DFL]>? Ac Bc BY D `
>_T^:?@Bg^ J S S Y _T >J
h IVc ?@D@> >@S ?F^C^ N
S D Du _> ^:T BgIJ IwS _wIK> _wc>e^H]ikwv I[?c Bgc D A T S ACD@L{] EUcI _ cb ^ IKS AHDaEUe> T AC:?Fh jOc D8?F>Q S 6K^ 7 S D Q
D@D0 >T ÂC^?B
?@A1>@>Ed~NtEec hD ACI8S BtJ**Q^HI[ka?@6KDLg7 e AJQ c D) _wk^:^?@eBg> J S ACS BB _I[> bXD `8c T Dc ^yDL{A8kEGAHêEdEdc ^ _IKb>FJyIKDJ AC> ebXT Ic^> BT _Y^J Bi]gc JD@IVIKSÂH]_D@>EdI[I D ^C` ` k\_AC^> BgT B|J I ~
hJ
c?F?@IK> JS ^ N:S IKDAC`?FD T ` AH> DtT ^ kSA cY > TT T AHI#BgLiJ I#c DfI[B
k> ?@c IV?FII[EdNkl?@^J|eI[D@> cI[> B
S hO>@N I1` ^HE k\c hA IVS DDF] A c _ T
c S^ SB
D~
eu > T AHI?@j
D DKS Q _[_68IV7 D@DQ ^Hkw' v I[>bXT{Tcc _eT _[J
AHI[?@]iII[k SBgEUJ
EdN3D^:A8Bh:^ ^c J> T ACI[?@EdED8S LBgSJ
>I[?FEd>ZI[AH> j c TBc Y:e D
IK]iAHI[YBgI[J
?FD/EUN^:] B S ?@TD c S eIDFI[> TE}kZAHQ > 6u > T 9 IQ A&_V_h:Î[e?@N
]> E T{c D c B{T YeIV> BOT >=AC>/^Ck[J
v IVbX]gTI[Bic _ J
T D/J
ÎwB ~
û Y > Tc hI[I[?FDD vou]Y EdcIKh:ACI[D DZS v?@I:]g
A jOc B B{` ^ I[b h:I[> ?@T N
AC> >"T>c BTYc D > c TDAH> >T I#J|DI[T]gÎV?FBg>J
J
DtI ^: B/B c ^> cBÎVBD@I[^CE}kk
]YEsEdA:IKAHJD J
S I[?FBID AHTBgc JtD T ]iIKA ACc ?FBa> Q ` 6EdI[ > 6 TQ c +eT ]iI[I[By?kl>^T ?@I=e ]ic I[> ?bXk^:c ?@> eT ACJ Bgc E _c YI=IV^CBgk*_ACIBCL A:S _>>
Ed> I[T > IT>@c I8eA_ TA8h:I[?^ c JbXT > T^ Ic B ^c ]> c]iAC^>@DI8c J >FITQ c e 6 ` nBQ ^'? I[T> c e Tc ebXT B{^/I[hII[?f]^CEsA *c I[BBgIKJJ
>P T S I? Sa"` IKBJ^:A ?#` _B^ ^:b ? D T` c BDy^k? AC;> T ?ZI[A ?T eAHBgAHJBgACeD ` ^B> T^?#I[? AH` BOBNê? I[u ACBB
]iN3I[?^:k>^T ?FI[e?v~
c> BT YIAS I8DFJ>@ACI[?D c` > _wc I[^DKB
Q >@I[6 e x ]Q >X' ^CI[k> > TT c IeY:Â8h:J
^D cìJT ACAH>>@T?@I8I J c D@ìe b ` AH_[BOA8>h ^Cc EdkE c eB{YÂCJ:>~
I[ACDFB{>YN ?@` N ]` ? B{c J
^>XI ` ?ZAAHcBD@YII[Ay? ` D@AC> cBi_FJ j/T ACACY
?FA D c TBBD@>#IVD@AHDKBQ ^>6 T HI[g?Q e' I[AC>B ` T{Bc e ^?ìD@bX>@? T c I[jB I
u AHB
NOLic ^J
NvtIw{_wI[]>AD@^:B3^:T ?A/] S 6 ] 7c E")> T ^:D@bXIc > b ^ T IeA8N
LibXIKT AC^ > T BACDX^:e?ZJ
I[IV?@?IVEU>FNy^/> _T ^?@?FIK?@AHIK>@_I[>yBI8> J/I[A e; Q ?A T eQ ACBgA > bXc >_TI~Li> T Î?@B c B
e>FI[AHB
B ~
>k^:c ^:?BA ^CkT
S u J
Bg^ J
c ?FBIKY JTN:c IKeACvo?FD Ac _wB^?@> ]iT Î ?$ACE ACce BK c S D@?Z?@A N `T bXIVcEUEdEE Q b 6 ACBgJ
Q IV?#% ACA8Lih ^ c BS Y >
cYB
?>@ACI[DFB
D >`8c T ^:I BgACbXEdcEdEdNECLiDF>@I? LiS ^_@j ?@ByTJ c eS ? c cBBYXAC> bB{YI[I[B
? >`N:~I[^:h:BI[IB IbX cc D@> >FT I[BgAR_IVLD EsAc J
BIy> T ^CI k
beÎVeBO>=L^CD kou >^CT k#I D c ?S vX_ T D c B{LgDKI Q c B{6 Y:D Q bX) T I[e?@IACeB I[bXBT ÂC?Fc IB LgT{^:c D=?@B kl^c EdBEdN] _[S A B S c D@D I8T J ~
LBEd^:^
>ÂHJ/>@>Z>FA:^ _Fj ^ Tb c e kl`:?@^bXec EdE> D T S I*I[Lg?^J
AkN >@I[^C?#k#J|A IKAC; > T?ZA IT ge_I[AHI8BgJ A c BbXYTEdN^ Y:J
?@^
IKAHI[D>
]gS ]A c Bk?FQ ^6 e> Q T ) IDXYe?@^ ACS B
BgNyJ `]gACJ ?FS > ?c _c B{EdI[YDXD@^C^ kJ eS ACDF>#B
N ACDXN>IKT AHI?@DL{>EU^
T Î/JD@>] ACc Edj:EdI[I[D?
^CBkI> >T Itb L^:Ed?@^
Es^J*JQ bX6 c Ed{EiQ LgI)J|I[bXhc^ D@S I/?@IKeJACL
BND ^:T > ^ T S I[Es? Ju >AHT B IVc e?@IkAC^:Ed?@DIv c BBI[>h:T I[I?
> T ?@IKAH>@I[BA ; ?ZA T eAHBgA ` B{^?XD@>F? c jI Tc eI[hIVB bXc > T AyLEsAJ
I
^CbXkgT Y:^ ?ZAHu D@E cD h` I[BD^:v ?S _VBA ? S c Y DFIT >FTI[c^ D\S L{D@EUEd^
N ^` J1B{^>F? ^ T I ^ b bXQT ^6 u 9 AQ _[4 SI c c ?@> IVT DZI[v ?b AIKeAHEUAH> TB
u
J
' L
Î[Nc> B>@YTIVc EUec E BKc B` S Y
> ?@vfT N ^ `kACS I[EdYhD@TIIVT?D^
AHS ^|>@*J|>ZI[AD ? c` cB BB{Y T^?AHc ]B-T ] I c_B^:bXI[BDFT D@D IK^3 c B SACEIV>b BgTA8_c IN
D Db ^CJ
k Î[?FTE Esc J*c Y DQT >@? 6Dc Y Tc 6 B ~ Q
>@T I[I ^ SbXD@c B{EUEiI[D@D@IVD I` B> T I[h:I1I[D@?y]i>I[SIKJ
?FB N/T^Ch:c D I[?@T > I8T AC?@?@^ >yb >@^C^ k S S BB? ? c c Y Y T T >F>@I[I[^ ^ S S D@D B`{I[bXDFDKc "_Fj:kIK^:J ?
eBÎ[>XBACQ >=6 ^Bin{_Q I15 ]B?@? ^c YJ TS >@_wI[I ^ Sc >@D@D"B{kI[? D@SD c ` > ]` ?E cAj:_I> c AyD@IK_J ^ cb B
> L TS c D > `b A^J
?FhEGJ AH`BgJ
_ ^
c BI[YD
D@6 Ed ^ x b Q EdNW k ù c >>T _IXS ] >@SDB ^Hc -D T e> T I[IB
>a?FÔkAC^:Ed>@EdDyDZv^CBk ^T>"c e^B bXu > T T Î#^C_*êI[Bge J|I[c >@?Z>Fv IKTJ c ec >8~ Q
D@TI[c E}DXk ` Yu?c AC>oBgkJ
AHDFEUEd^DBv*D8^*B L T{S c>1DoACDFB^Bc D B `c c k*SBc >^N >^:u ^:BBg> _T IKIXv1D@_^:^:BeD e` u c AC>F>o>@IKEdJIKAC` DFB>ZIVvoh^:I[B ?
k]A ?@c ^:EdD#D@]i>FI[^?@DR]?@k^^J?S A _wIbXkT? cSEUIc >> >FT ^ ?@^ TS c eY T(bXS T B{^ ? c Yb T ?@>@^ IVS ^ Y S T DF>BI[c D@>KD Q ` 6 > HT gI[BQ % T II
YOL AS c > B{Du ACY:>y?@IKEsAHAC>XD@>Yv ^
T ÎJ]iklÎ[?@? >c DS T BI[I D ` Bu LI?AC> BgT _ ItT _AC^:BgBgJ vfS I[?@?@^
D ^:>KTQ c DX6 I[ B{7 I[Q e 'c I[I[D > `
TDZA:c e_?@IKACJE b EsA A8btN
`D_J
Î[BgE J c Y S T _> > cb B^?@>@>? TS N> T ^Hk kS EdACBB I[D@) D `?FNOu AC^:B Lg` I8AHJ Bgc I[JBg_] I/S ? >Fc Ô>N*vf
> EUT IVI >
TTcc eej_ TIVI[AH] D@> cTDFc I DXTD@]ic D#I[IK] _ S Ta] `c EUTD1c D#A_[AC_w?@ê?ZJD ` c B{AHYBgJ >F^Tc> DXT ILgI[DEdAEdN _?FSIKJ BgJ
EsI[A ?1b _iÊUB
IV>~
>@u ?F> ^T EIQ Y:6 ?ZAH{> Qc} ' _[I[AH> > c T{^c B/e^HA8k h:T^ c c DZJ vu J
> I[T D Ic ?FA:I[D_[`Sc kc D > c T> c I[^NBAC^H?FkwIv ^:b ]I8]iACÊd> D@T I8J/AHBg>FJ^
>]gT A Ic B DZA:c B(_?@IK> JT IEsA k btS > ` S AC?@BgIJ ^?I[h:ACI[?FB(I/Es^CA *b I[k BS D Ec hAI/_>FD>F^bXeTc I[_ BaT Q e6 A8N{Q _[A 'S D@I[I>
TbXc c e> T B{T^c >1DtLgI[NI IVS D DF` I[BEdI[^:D@?DFEU_N?@^
A^:_wj> cIKhJ I u bXc B c > T/Tc DTc b D A8T N
AHDZBgv J
` DtB^:AC?tBgJM>ZAHkEUI[j IV> c J|` EU^:N ? `
BT^c e ? c b BK AHS Edj?@I1c B^> > T T I[AH?F>\D]iL
ACN> T J
I[^HIKk J
T D^ÊdNt?eI[hIVI[B BbX> TTcc B_ TjT^Cck Doc k>KAHQ > T6 IV{?@DQ AH' BgI[J >
TBc^Do>XYD ?ZS AH*BgI[J:? kAHT > AHT ?@IVe ?@D"Q k^6 EdEd{^ Qb +I8J*c > bXT TACc BEUI ^ T I _ b c ACAH> EUj
c BD Yyc By^?#> T AAHJ|> `:^TeI IVbXD@> c c Ed_ E
]ACBg? c JI[DFA> `"J|bXI[]gc > IVT BgJAACB
>@>IKA:`_bXT c I[> ?T`=c bXB|kc AC> TB
>@DA/` eAHYACIK>FJI[?@AHBgBgAHJE DS c Bg_Fj_EdIe` I[AB `:Y bXS I[c > D@T >
EdeIKACAH?F?@B? cIKAHJYIeAHI[BgB J `bXec > AHT>@I[T{?FBgc DAC]gEAC?F>FI[I[EsAC?@Bi> c ACh:EoI[D?@I[`XEs6AH> c 9 hQ I[D +` _c ^> BT B{TIc Dtc ^:kBAHD#> T L
IVN ?
bXTACBgc c D#>J TDFEGT{A8Tc h:Dyc DtI[eD DF` ^^:EUBIV> T> AHIVT{Bg? c `J ebXTcB{c> D ^T > bXkT IVc keA8I hòACIbXEdIy c S> ?@TI[ACEs?@AHT?F>I[c c DEdhDKI[QJD A `6 S bXY 6 Tc Q > >@T I[W ?k AMT ACLIBi?@J A8^:h:> bX^T ccI[>J
? T D `
ACBgS JAC?F?@L
I[N EdD D bXS c]{> ]T ?@>I[T DFDI[c DFBIXY ]gI[u AH?FD@EUEs^:v1BDD S `CT_ T I bXu c EdS ECACLg?@I"?FI[kEd?FDZI[vyIKJA kT?F^^ eS D@ACI TEdE^D Esc J
BI[D ? `
>^C_T^hBiI1I[? Ed^S> T?I[JI?@Db ^CACkÊd?F>EoEsT J1> I T ^CIRb kg^:>k^T?@EsEdI EdJ^ ' bX^H^:k c ?ZB;J1Y ?Z^HA b kT ^_e?F?@IKEsAHJ
ACB D8>FIKQ` J> 6T LiI1In{ckQ BACY> $XT D TI[u?I T ?Z>@AHI8AHYOAD#_AC]iT ]iÎ[ACb? > c IVcv ?D `
>]gA=T ^ Y I b S bI[IV?D@^>vy?@?Es^CJS hEdI[I[^H?yDak^C>> h:TT I[I I?oY:b > ^|T ^:J|I ?@DKEsb JQ ^:6^H?@EskJx > Q^CT k I$XW BiT ) IfJ
]?ZkDZA I[AHè?ZACAHAHBgD@EdI[JID >` ?FT I[> I=EsT AC]I> c? h:ceI[I[DFD AC>@>@Dou IVT ^C?@A8hBgh:IVAHI? E
?@L
I[NEsAHe> c ACh?@I[? Dyc AC^CYhI"IV?^Ch> I[T ?=AC> >yT AH^Ck#>^C> TkaI> T I c b D@h:ACI>FI[q?@D I[` h> ACT D I` e> T ^:I/> T _I[^:?BAHBBgIJyc ^> TB{I D
eACBgAHJ>@I[D ?Fc Bg_Fj/ACE eS BgI[B_EdIte ^CS h:D@I[>#?XLi> IT It_^:IKBAC?FD >c J
T I[Q ?FIK6 J3CgAHQ DtW B|? SkACEUIVB
?@>@DtD ` ^HAHkY> IKT J I` ]ge ^
c ^:J:?~
J^
BEdII:p D@D ] bXT I[c k?@IyI ` ACBg> T JIÎVB{EGIJ|p I[D#D@>yD@^:LB?@^:AC> DT ÎVB?I:AHp DDt^ IKb S BACLgE=^>@J
^N ^àB6 I p 7D1Q kAC. > BT II[?p D `
D@IKEsA8_h>1IV^HDkAH>FDoI[^BgBJ
IIVp?@DBDI[T DFDKA J|^T btI[Bg` _Î BI:c kp D^JB{AI S c Y D#T ^H>FI[?IVBgACJ
DoIK> JT I L
TN c Y u TAHBOIVD@N>o^:^BL
I~
n
^C$Xk[T vy^ >S T Y IVT D@I u ` L

N^:BTIc D1e EUI8S ACD@?@>yB Lic B{IKYMAC? AHBgc > JbXDACc > BgT _^ > S c >>N|v ?FI[T D@IVIBOe>FeA8NI[B
Li>8IQ I[6 B
:> c ~ Q
>@e EdIKS JM_ T >@v^>@A:^f_[>_TI[]{AH>t> u]T ?@ACIVLD@I[c B
>v[>@HD k` Êd?I[> > T T?@c ^ eS Y B{T^>T{c AHD=>@A>A_[__ IVT/]T> c c BeY DFI[u eE}k ACu >@B
^
N^ v
]6 :?FI[D@Q I[B
+>FD/c > > T T ^ IS >1J cAh ck BS IEdE\E j
c Y BT ^ > b cEdBIKJ|YTIc e ^Ck=c D> T DFIÔ^:? SBEdI[ID ` > ]c B?@YIVDZS_c ? D c T LiI8IKJ*J Q
L
eNAHBt> T D I1T DZ^ AS _wEs?@JfIKJBÊs>A b>ACj:kÎ?XAH> BOT N
It> TAc _[B_wY I[`]IV>ZhAHI[BgB_Iy> T ^C^ kS ]Y ?FTI[D@T I[IXB
>FeD ` A8ANbX] c c BD@II
bXY^:c Es> JT/` T
EsACS BiB{J Y` I[A?8Q T ^6 ?FD@{I Q ` A;_S ^ >btAH` B k^
c ^YJB`^:A?ZAHJ
BO?@> I[DFu D e` DFAHI[BgDZv AHe bXST e^~AY_[?_wA I[c ]B>@D D `
bACu ^:BiÔ?ZJ^v=J*_AQEsAC_? ^6 c:b IKQJTc LP1DS ^Li>@Es^>@J IVJ
? NAC``Bgc JD=A ?@TklIKÔ^J ^?FS JD@_I IKJ
JTI[c DF>@D1>@^?@I[^CNACN DI T T{uI[Dc DXDfc Y E EUcT ^:j>BI v Y` u IVAtAh ]c YO>c AHN IK?@`_weIEsACI[^HBgB
kwJ v>
T^C*c D#D@]{DFj? c c BB Yg` Q _Es6 AC ? 9c} Q IK)JL ; S ?Z>FA >@T I[e? TAHcBgD#A IVbXBI[T ?@^Y:N B` I D@c >I[TDACIVe?#]iS I[eR?k~^:Y:?@?ZeA c D#B{D A STDc D~
>@Y IVc k? >Fc >D c` I[DDyc BBj
^D ?ybXD@> c S> T J c I[> TDyI > T u IJ
^B{IK^J? A c ` B
N:>@^ I[>T J
I[EdI[EsE v c `Y T S >@DDF>c B3AHD A:_[u T_I[I ]bX> c BT Y^
u
eDACT >FIV>@^ I[?@S YeEsI8Jy]J>@Liv D=I#c >@BA8^k>?_TA ?FcI^JtD@bD^HkAC^C>FA:hI[I[_[?K?_Q I[c ]{Bg6 > v=c BAf6 YQ LgAH^
% BOACIVNy>=Bg]e_?FI/I[AD@J|ACI[BI#B
>F^Cc DKkaY:
BDFkl>@^^^:??oBACL
IB
N> c?FuD=IKeACD SDFAC^L|BiB ~v
^C_^kbzAMc hB
I[>@?F^NADFeeAC^:Ed?ZE AHu D@Y DKc Q k>Zv16 :IVnhQ I[B3u ) AkleÔ^:AHEBgvD c BbXj
T D ^/u j
c B
B>@^ ^ b T DtI[> EdEGT v1IAHEsDA b A
DAT _[^ AHS > Es`JfBB^^?>>@^HÂIV?; I[?hA IVT B eb ACACBg>@AIV?bX>@T^tÂ A; _w?>@AD1T E ec j:ItACBgA A T bXI[T?@^:^tB A:` _B>@D^?E c j>@Î
Î[?FB{>I N ` bX> TT ^^ S c DY T S BgI8ACA?@_VB{ IKS J A c c B
B>@IKAJ _V_bX^?c >JT ACBg> T_wI I1bXcIK> J{T A]Q ?F6 I[ DZ_wx ? Q c Lg0 I8^:J?X?]S ?@Ed^:I[]
D ~ `
bXb ^T?@c _EsJfT1ec Dc Y D@cIVh?@IVN1BLg>F^:^X> >T T >FIV^D@I=> T> T IX?FY I[cI h:uI[]i?I[AC?FBgD@^JfB{>@DZ^tv ` > _[T A IXS ?@D@I8I[_ D c ] c B1c I[> B
T >KI"Q B6 IHg> Q
)D c BD j
T D I u >@bX^tT > ^ T I#u AHLi>@>@ÎV>Fe>@^:]e>FDXv ` >@I[ÔhvI[B_?@^:D@^D@D AHbB ACc Y>@IVB? ^:?Zc B/ACB
Ay>LgJ
^
^:BAC>#^?^HkAHBgD@>@J^:ACBB I
cI[Y>FB^ S^:?ZD AH` BOJ >1c DFJ
]ÊsA8B{NOI[D1I>D Tc BI j/ EdAC^ Yb ^CQ kX6 h c 7 ?F>Q S u I ) ` u ebXTACBg^ v c DbXv1T A ^ ` T I[N
h:]iI[^|?_w?_c^C>@h:I ~ `
AJ
I[J
>F?ZIKA:_wI_>@c h^:I[? ?u ^Ck?Fk\^> eT I1> ]gT IVIyê]EdI[I ? `{c >@c B
DZv>FI[^HB
k>XACÊdB/EoeJ
^ I[c B B` Y ^:c BB8IyS e ?@N S ` D@u >AHBgjOJB{vX^ b A
>@bX^1c > LiT IJ
^:^ Bb I BgbX_VTACD@^t>oAEd^
_>F^Dj E ` c j:^HkgIA#A1__[? ACS >8I[Q E6 J c D@{]iQ ^$XD cT > ACc ^> B ; `V?Zc DA TD@^:eEUIVAHEUBgN A c BO`8bX>FI[T B
^ >
^c DaB/^:AHB>@I >ZbXA c T B ^1c BAY _>FTD\c DXE c j^ I=b AB/T I[I[Bg?@J|^:DBa` Q J 6 c :D T ^:Q B$XI[TDF>^D@ACI Bi; J?ZkA ACT EdDFeI[EdACNBiYACDIVBObX>FTEdI ^ `
>AAc _w_w_>t> D1c BE ^Hc Y j:kI c_[B
ACT >@>FI[^ D ?F` û k>BACT D EdI È ACcT BBgI[EdJ_Eo^:>_[BTACD@EdÎ8EdD@IK I JS v I[bXBg) T _^/BgIJ J^CT kc ACD@]>>ZTAHEsA8eACN> c D@bX> ?T Ac I_FQ j_ IK6 T J:AC?ZeQ A:_^+>@J
IVI1T ? cI[^CDB ~k
TS IBgJ|T I[AC?D> _wT Î/e]{e ?@I[c >F>F>@I[IKBgJ_I AyDu >c BT ÀH>EdI[> > T T{Ic eA_B> ^:c>XD ]gc I[B
?>FkI[^Bg?FJ
eIKJAy>@]gÎVBgY
ACA Bgc Bg_wI v
D@^C] k[vXc ? cA> S h:AH^ Eab eAHIVBg? Jc > ` J
uIK> _T
I S c h DZcv BTY c Jb c ^BeY I[TBc D#AHD Bgc BJ S,
BgS J
J
I[?Z?AHDKu Q > T 6 It:]Q ?FI[,
>@S Iw|_ T >
;L
N?ZA > T T e^DFACI BibXACD\T AH^?@I=I?@]iI[]{^ ?@S I BgT JMIVBg> J
T IKItJ"A8IKkJ>FI[A ?` J
AHIKBgACJ/> T AyAHh:Bg^ J btc` Bf]g> I[T?kc D^?Fu eE c kIKIKJ v
SbXBgT J|^ I[`?tbXAfc > kT ACÊdD@S If>y]Li?@I[I >Fc BI[BgY3_IA ` D@Y:> ÔS IVJ
D#I[B
>@^> ` > TYOIyA c B#D ACj
TD c TDACE Dc hACI[DKEQcdT n ^
9^9 JQ % L
NI
u b S{cIKAH? c BYOuv"> T IJ|?@S I[DFDX^CkAfD@> S J
c I[B
> ` >ZAHjI[D S c ]i^cB Tc TeDFI[b E}k> T I
Y^CkAHEd>yB^CAHk B c eACEdEsACvyEQ/D@> n 9J
6 I[QB
>F'DI[AC> BiT{J c eDBLiI[^h?FIVB?AHLgYOACA > T B I cBB3> >ACI Bj
Dy^:eLgIwL ~
Ed>ZÂ Bc BOY >Fc IKBJYtLO>@^N ^:A> T ]iIV^?X?F>ec Î[B Ba ^Cc kXk >T T I1ILgY AHS> Tc EdIV>#D ^Huk c BTc De S _ bXT T Ay^êBI8Av J
`
ItT I> T c ID
>ZAAHLiBj*IKJ Q#` n A9 nDFQIKAC% > Ì A bXbT Î[EdES ` D@AI[D Y

bXAC?Zc J|> T I[B^ S ^>X?1]iA I[?FT e ^ c S D@DDFcI^:B/LiI[AEd^_[BAHY ?@c ? Bc YAHY>FI ^ `
u
u
^]gACbB^:BgBJ
I[^:?8D > `pT DJ I[vS?yY Y#eSL
c EdAHN1>KBgQ1> v T n` I=9:>ZYxAC^j:Q I[J
' D D IVSu > > ]gT T{^:I[c BeeDFTAHI[c EdeE hb I[DFA8DI[N
v E}kD#`8c ^LiBtBACEsIR>ACT j:kI I[^ D S c ` B/?@AC> TBi? c J h:^HI[c k B?@D b`*> T cAB I ~
>@J I[c ?DZT_ T ÂHEdI[?@DYIy^?X> T DF]I? ]gc BAHY:?ZAHDKQ#en ^ 9 S gBOQ >#)J S bX> c c I[D@DIteu _[ACACEdBEdIKDJT ^N
SACeEGJA_v ^:` BL D@S >AC>1B
B>@^:EdN >
u
BLgACEÎ8b _>oÂ8J eNOc D"DZI[_ >DT T AHAHIt?@B/Ye I"^ c S> BT >Î"_[?oACk^DF^>KB{?FQ1eI[D n I[9:? _[7 `8ACQbXEdEd)TIKc JEUI; B T?Zc A N
I=T ACêeLiI[ACAN
Biv[DoAtk> ê T ? I"S T EGDFAHI>#>@bX>FBI[IVT ?hÂCI[?1EdJ
^^
IKBAHI[I D> `
c^Cu D#AtkoBeJ ^:c I[B{>B BA ` I[?=L
, NY?@^:c Ah>@I[? b cBiN
^:vA eAH` >L
ACBNAt` D^^:AB?X_I ? LOc}bXN_T AyI1Î> DZTS A:AHB _>S ? c}_c DT _^HQXIVD1n IV9 k?@ÎK?1QJ+AL
NeT I[^:S BBEd>I > c T> bXS ^T J|D@Î I
]gT ÎV?@EdND@^:u BeDoIV^CBg*v I[c?a>DJ Ac _D@? ]c}EdIK_ AHc D@ACI[E
Doh > c TACBgIJ
Y:D ^c J
BtDK>:T EdI[I > T?Fc I e`Cc >> T c I[D ?@S IwBkÊ S?FI#_Fj
A8NXh^ k^:c J ?
cAC>KBQ#Y:n ?@N9 `^:Q ?a' D IVc _F> j T{u c eeI[BgBvI[`h:BI[?1^?IK>ACT > AHu > k^
c B ^|JMbXTY cc _hTtI[BiT vXA cL
?N ^?c B
c >FB{^8D@ IKc__[>FAHD>@ACIK?FJ I `
kk^^
S^>Bg` J n ` 9 B^:Q ? 4 bX^T ?AC> > T TAH>\ACDoAC>LgIVbXI[TBc _ >FT ^ S > T_ T I=IKD@J EsA8c NB
I[>@?IVBO^C>kgc A=^BgEdIKAHACEUEd?FN BIKbXJ c > ; T ?>A T T I ~
eA1eAHBgIVA BD@T >FAC? SDfAHEU>^
c ^:BjY IKbJ `^:eBÂH?tB > ` T BAC^:> ?bX> T TAHc >_ T bXTT{AHc _ DtTLgT IVAHI[DB3Li>FI[^ I[S B_ T]iIKIKJ _FjL
IKJN
ACA>_L
^ NybzL T c ?ZACJ
DyD=D@ê?"I[>@Ed^ > S ` _ BT ^:IK?tJ]gL
AHN?@> Atc _ J
S ^:EGAHY ?@` EdnN/9 >T Q AC4 > ^bX?"Tk^
c _ ^|TJT AHAC> DtbXLiTI[c I[_ BT
^CL
*NI[Af?@I8e J S LOEdN/> c > AHS B J
IXc B
^h ?=c >L
ACN > c T^:BAC?F>@EU^:^/>@D AC` EdEB^_^?=e> T I[AH?@D> ` bXBT{^:c ?_ T> T c ACDX> J
IKu Y_wEGc AHh?@I[IKBiJ v
>@L
^1NLiAI > T T{A:c JyIwk LO` NAAe EdIKS ACD ?Fc _Bc IKAHJ B ` u eA/AH_[BgAHv?@]i` n I[B
689>@I[Q ? 4 ` ^:A ?S > DT S I?FkI[^
? ^` J ^Bu YI c hbXI[T Bi^ v
T? c}AC D=_I8Liv I[` I[AyB e c B c c DF> I[c ?AH` >@IK^J BI1u kLi^^?XS > BiT JI1]gbXI[c ?> kT ^?FkeI[>F>@AHI[Bg?F_D I#` n^Hk66 A Q , ; ?ZNA S ^:>ZBAyItDAA_F_F~~
S>_ TS BgAHDF_ IK>T J/AHT D@^HAC>@kDtI Ay> b S e^?@eB{ÎK?FAHJ>ZB AH`DFE*^ ^D S c?1B ? A ` u B)T ^:NOL ? ]iT^bXc DZ_TAH? cD@AH>F>> I A` vT `BAC^:ADt? TLiu IVI[AH?@I[B
eBNAHjD] I[b T]IV?F>y^|I[>1AJ c > >FbXTI Tc ` BÂHY
EdB Iv
BACBc Y ^:T > >T ` IV?Bê? ACu Bi> Tv Ìn k6^
n^Q Jvy4 ^H^:k? A u > ,
T S IJ|kl?ZÔA ^` JB^:Y ?c h:>I[T BgIvfEdLOIKN(A8h A/c B] YTD N
u D ^Hc ~k
_u ^Hc ACkB AH` BA ^>TOT S I[BO?K>Fp I[Dt? e` AyIKAC_Es? v S ` I[B{Eaê?tAC> B T ` Iy^kB^
I ^bXJ T ^C^yk#IKACACB >FD5 > YT ?IA `k?ZBAH^Y?fe> I[T B
AH>@>D
]A?@JIV]gc BACB?FIKI[J?v kbX^?T IVA ?@I b u^:AeY AHS B I[D@c >yB(? _ c TD@IVc DZEGJ|vfLg]IK?@J I[` eBAC^:> ?S ?@> I[T EdNAH> u ACu YBgc J{h:vtI[BD c ]{AH>D
bc eAH]>@I[S ? ? ` c >BN ^:T?A8> h:T ItAC> B^:u Y>Xc I[hEsI[ACB ]DFL
IKNJ ` A n b 68x ^Qe4 ACBg^:?v bXu klÔT ^^JD@Iv=>FY I[c hB3I[BJA8bXN
D1c > T ^C~k
^k^S ?">tBJ ^S DIA_?@IV?FIKD@]iJIK] _S> ` ?F]gB^:^D@? I ` u > BT ÂC? > u bX> T TACc >X_ T Y c _h:^:I[BOBg>voA L
c BNDAv#ekI[eIKACAC>1EdI IKAHbX>@TI[B ^
T> T ACAHD1> Bu ^Y c ehI[ACBiEdvXI L
u ?@N/I[Es> AHT > Ic hEdI[^D?v J` B^C^kX?fA> >@T ^ Iyb kB ^
` ^BJ^^C?k#> TACBAH> I[uBY I[c eh:I[N Bg` vXBL
^:N ?
^4 S ^:>?\_[>ACT DF>@I=D k` ^
B^^J ?1u >Y T c hACI[>1Bg^vB L
NbXAHTBc _ Tc B
kAC^:B
?@N
eLiI[^|? J|` N L
NtT AC^D1B{I D@BbXIVT I ^ IKT J*ACL n c >6 S i~ Q
ADZCA:EdEd_NX? c}>@ I[_EdEdIVD*D k` ACBEdD@Î ?T Ô> T ÎfJ
D k`^
^^?J L
u N#Y c^h:B{I[I BgbXvTLO^XN DFACI[BEdEdD A:u_> >@T ^:I=? ` ?@I ARb >ZACA ?c J
Ed^D? k` ^^:??v
AD@C>B ACYS IwB~Y]?EsACA8>@N:IwI[k ? S ` E Au eYÂCEsBgJ
vDFè n c 68> 7TQ ` A; NtLgACADFjLI[EsA>~_Fej
D@ACe jIVc > ? Ta` `^:A ?4XAtc J
D IKT AHAEdJI[A? ` c BA
bb I8AHACD T]iIV^?@BeD ` AHnB 6 ` {A1Q J
; N:NI[? >F` ?ZAXA c] B{c I[> c?@EdDXI[DF^HD k u T
eS ACB
Bg> c v B` YACBgJ
Jt^Y:AD e` ] AHS B Lc E B c _VbXACBT D ^` D@AI
TY c^ hS IVD@BgI vou L
E c Nh:I[> DZT v*Â=DFI ]gAHbX?ZT AH^yej
^ BS ^ ? bXu ^Cc Bk YTEdc NtD bXLiIKc kAHIK? v `bXn c 6> T{Q ]i4 AC^?ZAH? eu > ^ T S Io?@kD ^
u^^HJ k
n
>L
T N I cb ? ^bXec h:IVI[B DZ` v B` ÂH?BgJk^
LO^NJ > u TY ^c hDFI[I B bXL
T N/^ ec BI[BiACvEdEabXeT AC^:>FD@>@IyI[?F>@DI[B3AC?FJIA8? N
S D1EdIK^CJ k
c> eT AC] > S bX? c T{>Nc _ T^B-c D A:S _[B{_^]gS ACB
EsAC>>AC^CLkEdIAQXJ
n IK6 AC> Q T-$XT T A8IhkI^
^|BJ^>^Hk"]gACARDFD@j IKc B{J Y` Bc eR^:? ~
]gDZA:A _c ?@?FI8D J3T{cEdDyIKAHh ?@cB Yc ^BS Y ? ` ` > >T T IIkkl^
Ô^^JJ ^H^HkkA/A Y:,
^S EsJ
J
DF?e A c T> Tc DyTIc gD_I[Ed^:EdEdBI[YBgI[_h I c >c N B `
>ACT ?F>ACc >tDZAH^HBkJ|AI[EdD@IK>FAH?@^C> TN
IVD ?~@T{_ c S Df>@^C>FI[*? D@]T? c c DB{YkAC` e> T IAHo>n ^H6 k{Q A $Xb T AHIyD T kI[^
?FêJAH^CB kTACc B D
I^Cu Ligkt^_A/E J S c ]J
EdN|TIVvDN
DFD Tc>@_ ?@c ecIVAHBB Yk?F> u^T c eD> ACT u Dy>I=T h kI ^
c EUÎTJtc YAC^HDT k\vyI[?ZA#] v eS b D S ` ÊU?F>> EGcT J|> AHS DK>QJ
IX^HnkACn Bi9 AHJtQB ^H$XS k TBgT Iy_ ACT ?FkAH^
EU^:D@^|>F>@JI D
b^?^J eS ?FAHI B ` ACu IKBg JyS > ACT EXAC>F>"Ô^Cv1k\DFAtI[eJ
I8IVACB EdÌ[? > T c B AC>yb ^CIKkAC]iA ^BS D D S u ?@AHI[D? Lgu A:ACJDyACh DZc v=EdIJ cAC?@D>8v Q
DIKnSAHn >@_[6 I[_Q BI[DF` $XD > c hTT I[IIEdNbXk^
cI[^D@B IJS J|e^CIKk1I[_Es?Z> ACAHT ?F>@^:I IKD@JyuI/>FAC^^:Do>LiD T SII[_ ?AHTD ]ibXc I[eT ?FD@^] ^DFS B{I=?@D I#k^
bXAH^|DZTJfv"^ eD@j T S c A8B DFh:>a` ILgB^:^:Lg>\BI[I[LiIVD B I `
ÎKACAHBiB{>@I/J I[B ^CT k1Ac > c > ?KTc QB
^:>@nD@I[I n:B
` n> cQ u ^:T BgW Ik ACEdT e EdNI S ` T D@^:>AC? v1D u kT S AHAHB D@D>ybXD ckb >F^:> AH?c BEdEU> Y:^ T EUb N?FI[IKIIKJACvJ>FD@I[A8I[BN
eDK> I[T B Iyc k` k^T ^
?ZI ^|J JS T ?@AH^CI Dk `
^)? ; S ?Z? A c BT I e`XACT BiI A e bXTS ^yD@>j
]iBI[^ ?b kl^D ?@e
AEsA b ? c v"j
je T S ?D@A>=]iBI[^Bg>XACI8BiAC_>#I_Q^
^nj:n IKx J Q
u
T
>
t
I
k^^
Bf^kJ A c u E Y S c ?FhIIVBg^CkvuLO^Ny> T A I[,|?voS eJ
?ZIKA AHbXBDaT ^H^1kg]gD I[S ?Lk^D c?FD@e>FI[DoBgB_I^ `
, T ?IAJeJ A8T NACA:DK:_[_L I[S ]> > `
?ZYA ^b J
D u `YT ?ZA8A hc Bgc Bv `YyD _S
^ B_D cc I[J
B
I[>"?@I8kJ ^?u > ^:T BIIX?@B I[cDFY ]gT I8> _> u c AHhBgI1JeJI[A8? Nc >@v[DQovon^CnHk\gAQ $XB c T YCI ~
YO^CkAH?ZLiJ
Êd>N T , ?F>F^^>@Li? c ItNOA1IK ACS BgACJfE ^Cu kac B AE c S LiACI[E?c AC>N|E vVS QXD S n?@n I[7 ? Q` J
$XIKT _EsI AC?F' IK^:Jy?ZJ> T ^HI=k"k_w^
?@^|IJ ~
u
BEACc >F^:LgIK>I[J?eACLiE AHI ju c S BID Y:> S DT ?FACI[>?Zv I8?ZcAHDXS YO]ACACE]iS `C?ACbXc}> c TvtI8c J_ _VTACL
ecNyD IkS A BAHc >BgIKT JS uDFAH> ]gET Q ACACj:$X>XIT ^HI=>Fk\^/kl> ÔT > ^TIKJfvXIVe ^C^Hk*k\` >> pTT qAHIK^ >v
^bX> c T > TI[?^ S u e>> ACc Bg? c v BcY D` J|AHIE b EdA8IKN
JDoL
^CN*I[A ?=b DZAAC_wB
? >c} ^H_k*I[kDXA cAC> BiT JyQdp\]gn:I[n?k^Q ?F'e IV> b T^:c ?@e j
D `
^CekXA:_ J
T I AC?bXc >c N> T bXkcA > c T > T kA ACc Bg> T J {bXk^c ?> T ^C*EsA I[b ? c k BS Y:EdEdDN:~AHIKBgAHJ/?@B_ I8T JAC? ec >ZÂCBL{IVEUI N ` b u ^:]?@?@j
^HD~
_AS _V_?FIK^v?J IVc BBgYJ
EdI[>F^D@DT?Fc IDb AHAHL ?Zc J
E c D8>Q-N `:n:bXnc > T Q A' IV_ T> IVTI[?c e!k S E AHT E b IKACA8?FN
> D` >]{T ?ZIA_wJ > Sc D@>I N `
^Cc k koT E c I LiI[ ?BgACJ
E c Dt>N A ` Lgb ^:^> ?@T > T L
N/N?@DIKA_ _c ]? cc IVBO_I[> Dtu ACk^Bg? JRTL
c ND#Y _ Tc kAC>@D8? cQ v>ZACL{n:nEUI {Qb ^W k ?FjOT D I `
cE Dc >@>@AHEdD@I j:`HIKbXJ c `> T EdI[^ > S >\T{Y:c e? S J|ACY E bc BA8YgN
HDtk^:Y ?c hA Ib DF^^?Fe> T I[N> T?Fc IKB_ Y c ] ` c LgI[B
I > c bX>yc I[EdhE I[u ?]iI[DF?^ ~
TY cAHh:]I[DZ?ov^CLik Itb kAH^ >@SI[?BgJ^:LbX>ZA T c ^BDoDZA8> Th:I[IXD DACT> c ceDkAk_?@>^:c e^B AHu Ed^CE k u TY Sc D c EdT
>ZSv[Q1BYnIVn:?ACQ Bg) J
>^CT{kac DF?FI[D@DZ>AHv e` AS eY c hJ|IVI[?D c ^H?ZkAHLklÔEdI#^^HJ c DFe]?]ic I[B? Y c D` T A1ACY Lc EdhI I[?T AC^H]k\] A1c B{EsACI[eD@D ]` AA1Yec hÎ[DF?>
IAgY _I[c hEdEdIVI[?B
>^HkI[YN:^:I[DEsJc Y TEd^>8BQ3Yn E x:c k9 I Q ` A) Y Yc hc h:I[?1I[?^Hk^Hk#A EsTACBg^ SJDFI^Le>A ^:c D@B>#DyIwEG{AH_wBgI[J E}~ `
Edu I[? B
S >]gA:ev ÀCBn Dxc 6 ^Q B)D ` YAfc h:Y I[c h?IV^H?Xk^CAkaYOD cAHEd?@heIV? I[B
u ? >S A]ON
]AEsA:v"_II gc BS>c DT c I >@I1b LiÎK?FAEGJfS >^CN k
>^CT k1I> TeI ^
)^B DFh` cAyBDY `c hAIV?Y ^Hc hk"IVA ?T ^H^:k?@D@A/I J
u ?ACA DFS hYATv=>Ay~^8]3EsAY_?@I I8ACc B>y>YT ^
I ^Jb ^k?F^:EG?J ~
>^CS ktBAI ` _VA1AC?@Y ? cc h:ACI[Y?=I^C^:k\?At^H_k^ b A>LgT IKI Jb A ^:?@bXEsJyc kI ^C` ka>A/T YI#c DhS I[Ba?y^Cn k1x ]n?@Q ^:) >@IK_Y > c chÎ[B ?
D^CS k]> ?@T I[Ie"ItIKJ
JÂ e u Lc B ?ZcA ^:T B e` AtAHBgY v c hS I[B ?=c ^C^:koB YbX?ZA c > c BTI[; >F?I[A ?@TBgeAHEaACLBaE cD@n D x` x AtQ Y $Xc hT I[I?
Y_^c kb >tD ^H` kEsAC> BgT J I` _EdIK^:J> AT I[DD S ` ?@D@]gI[DAHACD@DFe I[DS e AHEU` E=Y^^:> EsTJ I[` ?ACBiY Jc k>@_D EsòAC? b c} AHIK>@JyI[? L ` S k>F^
>@^|I[J ?8Q`
u
>nJ T xS AHgI >1Q T 0DZ^:AC^Be? ^ bXIS ? T ] AHc S >@>@?@D I[]ih:u Î[?@DFI?I b ] ACTS ?I?FJ]gv[?@^:IKQD@_In I xc h:7 A1I[Q De; uAH^c BgB > Tv*TLiT c I[DtI D@>FBbX^ IbT ^D>tAC?FL I[B
c D@?FNt]i> TIKY _vc k>> kbXS` kc Ed>^:EdTN ?
?@>@IK^ _wT I cIKhA8I[h:D I[Bau Ay c Y Byc k> >ZT v I1` AC_Bi^B
J >@T?ACI ?FNbXT_[AH^D@I?@IVuD@> ]iT IKI[_N>k LiS ÊdEU> NT LgkACI[DFEdEs>@v ^ cb BOD>F^ c > T ` I[Y:EdE^ Q
BTn x^c e-> Q S B{>F^' >@>oI[I[?1>D@]iAfT{IKcACkeACj EdD@c BIEdE:T^^C^
>yk ^|Lg; JI?AA ]kT >@?FeI[^ ? S ACTJBgI AH^HD T k ` AC> TDXT c ^ D^CS *A Y I[S Ty?FDFIK>@T J/I[I? AycLi> DZI=c I[A:>@DK_^X? ?Fc}Ede I[_w> I[IB
iT{>FcEUIKeIVJ >
u
u
LgL
L
N^
N/ACDFDFI[> >XTE}ks^CI[~@ke_^c vVe>KQ]bXn EsxAT {_I[I[BQ Bi; _T NNI kuT >ACACT EdD@DtII LiT ?@ÔII[bDF^>@JAC^ ?b AyJIKDZJ kA:^:_?Z? vAc} A Y _wS c IkDF>Z>@Liv I[` IK? c_Ed> I[^:c > eI[D TI[ccDeD1hEUA^:BcD@^:B > > ``
Edb ÂHB?ZY:JRI[h ^Cc kw>v=NAfLOYN c kD@>=]iLOIKNAHj Lic BÔYAHD@>I[ch B{c YgE=Qo^Ckn x ; {?ZQ\A P T ec h AHc BBgYtACD B{` ÂH]gBgA J c Bu > >@T ÎAC?FB
IN ~
> _ST?@I8DFIy>ACDZ> SACAHDj?@II > ` T u Ed^CI I[k> bXA:T_[Tc ec >@SI c D@? EdcAC^BB
b Y
> v#EdNu AYA?Z_w_VA:^_ J eS S e ]iAHEUSACEdBEsNACc ^>F?ZItBA c D@>FDF] Î[cD ? > c T >c >FS IDZAHv BE\IwTe|c Ed> I[E?Qb c > ^n` ?FxkEG^:J{? `Q
bXD@0 ] ^:c ck? ? I c `c> BS B{AC^> E=?XT eID@^:IVBB? ID c >t` > BAC^:Edb ^?#^B?F?FII[EGJEs?@ACI[> Bec ^:I AcB> c D#T BI[DFD ?y>ZA8u kbXNACc > >F> T ^TI[?LiT` I c eB{T^vVc D?yQ/_wenC^ e^9 > ]iTQ ACI[?,
B `cc B^BYB{^:EdDKI?
c?@DtI b IKAAC?_ TJ^HLik I c c B>FY/DZvfLih ^c ?@?FB> S I:D c BD cYBEdIY:EdIc >u J c >tc IVD DKS *D I[c B?@DYEd>I T cI>t] IVSBKB ^Cc N
D T D eu >I[T B
I >
^CE c k j:Ic >FADZvEd^D Y#c Ba^HQtk nHb Ô6 ^Q J '` ÎK?A8h A1c B_EdY^|Jf> T ^CIkiJ
IKACIK?FA:> J/Ta`Li> ^T J
IXN/?FI[ÊsB AC> > c Th:I[IDY:J
?@I[^ ]gS AHBg?@J >
bXnC
c >nT Q A8' hI[I[> ?F>@TIKc JfekA:> _T I[I[D8?@ILkl^S ?@>ID@AH] E c b ? c A8> SN
D#ACE
DFeEd^ bI[? EUc N/>kA:^_[EdEd_ ^ S b e D*S > EsT AHI >@I1u D@D@^ ] S c ?Esv[c ~ Q
>J
S IKAHAHE> TevVI[:? kc ^> ? `Vc bXBc ^:> T?ZJ
eIV? I[u? > c T>ACAH> D c T>*c eDA8_w^NXeLiI]iACTB c DZc v^B _^T eI ]gbXACcB EdEgc ^:>FB ?ZA8u hAIVk?@>@D@IVI ?
D@IA/]iaY:I[AIKEd_ÔJ I[^:cD EdeN/T{c _D=J ^c}D Bi c BJ _ D=S S _L
Ed>F>NDt>FA > ^TS IyDF>F>@?ZI[eA8? h:c AHI[> Bc?@I[DFD IbX` QT >@^^tnC>c DTx I1Q J|I[BuhI$X^:T>@> IKACJb >^>@_?@^/^:EsJ eJ ` S ]g?Z>A:AHN/BJ cc AHÂCBgBgB
J >v
ACJ
BgI[D Jc ?F_I[EdD1^>>@TÎK?ZJ A c bXDFI c > TT c DACB/?ZAIV_w> I T ` I[I[?Fh:IKI[AC?E"kLg^^?FJ
eN
Qt_^nCB:B{gIQ ' c ^:I[B> D TbXc e c > `
T bX> TT Î
e; ?^:A D@T >teIgACBg_IVA EUEdbXI[B
T > û AHeE b I[BgA8v N
` DAC_Bg^:JBBD IKT
_wS >@BD TACcEdeE=EdDF^ I[b E}k bX^:Bc >I[T D8Q> T nHI 7 eQ ^:)D@>
ILggI8__I[ÊdeEdI[I[B
DX> eu ^:^:BD@I[>DZJv `c DF>ACc BgBJY S{D c T
D TS IKB{J*D{ACL
EdNE cACB
BkI[^? ]c ^:]i?^^:D c B>@ItI[D _` ûBiTJ c eS _DF> I[E}T kwI v
Lgu AHI8Bg_^Jev]gI[DAC> A c I[B
,
>S ` J
D ?ZT
A{S QBnHDfO> T Q I% _^:I ebX]gT AH^ B
Nc Dt^C]gk=IVe?@D@I[IVB/hI[^H? kc B{_Y ? `S I[Y:EXI[B
_>@ÊdB
I ~ `
JT SI/__> ^` B{ACD@Bi>ZJAHB
J
>@Ed^
N(I[D1E c Bh:^ I[D c BKc B( S ?@> NT ACu >>FêE cACh Bc B{BI[Y? `_?@LOI8N(AC> S_^?@I[B
D>Fv ?@`ÊdYOE cA Bc BY D T`*c c Dk
Â?F_[YO_wI[AC]B{>"DkAC?@Bg^:eJ L
AHN B
N E c uLieI[?ACACBgE cv >` N k `*S TI[E IK`:A8b hI[AHB{>@I[EUN ? ` L?@^
E c ^D@D8>FDQ/` nCk? OS{{c Q> ` %klÔI^Jye^HA8ksN ~
k_I[^?FB{IKD J c D@bX>FD c > c T Bg^ v#S A>t]AH?FD@^j ec BcY DF` ItAH^CBgkXJ ]T?@^:^>@BIKIV_wN > c` Ê Bac jQI bXnHOc D@IQ A$XY T c I k> ' u ^bX?TJ c _ ^CT k
_^C?@*I8I[AC?@>@I8I8J3JACLiBiI Jc BYLD ?@^ uS Y ?ZT AH>YOAHu ]gLOACN > c > v T T IACYDc J|h:IKI[?_EsACT?Fc IKeJD@IV> TEk[ACv>eAHEdA8eND*LgklI?@I[I[AEd_FN ~
_BI[^]>">FLgIKJI[IVBI[h:uI[ACB/DFjkl?@IK^JekÂ?^:D ?Zc B|vok ]{S ?@Eoêe AHc D@B IK` Jy]Li?F^CIkh ^:c ?@J|I IKT J AHBgu > J*T QIynHY Oc k>Qov q T S A:?J ~
ceBYAHB kbX>FI[T I[^3BJNIKc DZAHJ?@A D=c >BT DI1A eu AHk?@BIVI[I[DEdNJ|~^t^C*BI[^?F>=IKJIKAH>Y c u k>>ZT v ÌBk^
^:^|?J{J
v^
^HI[kaD> T> T AHI >
T ?@^ IS D@_VI AC` ?@?FN S DZTA1c DtY:?Z^CAH*D@I[D ? ` c ]iB{YI[?D k S u e>@Î[D> TÌb ACY>FÎ[J
? DZ`HvV Q/^ b n 7:I[?@9 D Q ` ) I b _I[^ EdDS ` _ D@T^ ` S A ?
n
eTc ezc Edj B` ^Y>"?A ?@cIB I8`_ > `D Tau c ` kaD > b T IVI[NI[>ACe?@Ic Edhj ^:` E S eBOIK>ACAH?> c ` EdN1ACBg^CJ*I[h?FIKI[Y:J*I[Qrv>ZAHn L7{EdI[6 DQ %EdI[I>
bXLi^ T S ^/BgJ
JI[D>@c^ ?@I[eDtA>F^c B
>?@AI[Ec cB I[`hI^:? T{bXc Dtc D P T S I[D? S >FDt^ ACT Bi^J/B>^ T S ^?DFI> T bXIT Y^ê J
DT ACI Bgc J D
YBS^:>#I[D@DZ>FAHD >` c DeklN A8N/T{c AD _[_u ÎVb]> B u T
Y S c klB{>@YDZvI[?kv ?@^:bXec > T ACB
D N
S Li_ T^|J|u N]o?FI[L D@S IV>BO>FT DZvVIQe n S7 D@n> Q
>D;"Tc DFS I[>@> eI[Bgc k _wc BI T{` c uDyAAC_[BP _^:IVS > ]?T S> IVD?Zu v ]ACT?F?FI[I^ D@S IVJ
DFBOIKI >FA`DZJ vfEUIV` k> ^?F^?Tec ce k Y`:T ^
bXI^T E J c I[h:B eI[D1T IVD@ItB3I[]iDFACI[ACEdI[^?Zj
AHBDt>@I:IRQAykD n?@S ^:7:L|e x ~ Q
TbX%XI[Tc ?Dy^:J D@Es`
ACI=TLikc ^
^ D=^S D@J?FEsI[A8T? hII c B3` eAC>A8Bic NJEdEsACI8TACY:c >ID` ` LgE AMc AHj:?@IkLi?bXcI[I[c?XD@BiI ACJ ?@u I A^C` k ]gACT^
ec^:Df^:?BkeACY e AH,
BgcS Edv NJ
bXì?ACTTD ^1c `D^C> _T*^ ^:I[b D@?@ID ~
Tb c ê?@j DFI[c E}D k ubX>F^Tc Li_ TI TT cIDJ
DFEGI[A8D h:c ?FIKI[v[D#Q>Fn ^7 i]iQI[?) k^D ?FTe c D` AC_ T BiACJ?AAC_DX>F>I[T? I1c D e` ACAHDB>BT I[I?
ce D Sc B DF>abX^CT*c I[_ ?TfTT c IeeDFI[IKE}ACkZQaB{nDa7>@^7 Q D@I[% ?FIhI bX` T IV^thI[J
ByI[DZD@_w^ ? cu LgAIVhD ^:TE S c eBO>D@ACI[?FE}Nk>@DF^1EsA8h hc IK?v~
>D Sc B
^ k S S D E u u eb ?FI[I[Bg>Zv _ `:T c v Bc A1Be> TACcBD B{bI[?^:_?@^:EsJ*BO >F?ZT AHI ?@Nc D>@^yA>@>? T{S c> IwTk `
bXc D=T > ^T IeeACjÎVDF>D
u
>kA ?FS b ^?@eA8IKN vDFbXJ
]gI[cI[>>@I8T/IV_ ?@T eT{c > Dc TBÎ[I8NbJ3B]L
?@ND@Î[_E}D@kZIV]iQ1IKI[J*n IKi7_ TLSQt> ) DF]gT EdEoIIVIK> bX_ TT-T c B^ cY:DcD D#> TJ T Ic A8D c h:T?It^?@B{>^
I[T ^D@I > > c ` ?bXACBic Bg> A8TJ ~
?@T IVI D@]iT IKAC_D=>=]g>@A ^1c J D@]i` I[AIK_V_ _Ta^`:?Jc Dc BJ Yc D >FT ^^B{> TI[D@I#> Esc A BbtIV`:hTI[c?FDNO>J|TI[cLB>@YgDXQo>Fn^7 > T Q I#+Y:?@T IKI[AHB >
DZI[AHh:YI[?@I[N
D `> T{>F^c B{>YT >FI#^ eTcACDaBD@I[^:D B` AHAHBgBgJJy>FJ ^b > IVT EUE I1u Yc B ^J
TD c D` EUT IV^ > S TDFc IKev ` eBÂC>j:_[IAH^C? h:c BI[Y ?
ke^:?I8J ACc B
>ZNAC>FbI ^c ?@B(EsJ
D@Ed^:NE c _w> ^S BgJ
_I/IV?@^:BBD8Q> nT 7AC{> Q bX) T{EUc^:_ BT(I#c EdDI[> DZAHTEc S e>ZAC_w?F^NBDFk>ZÂC? B
>FTEUc N D
D@L^ E cS D@ED8*Q\kln ^7 ? T Q I $XbXT
S T D ^T eA8h:IKIJ cLi>ZI[AHI[>@BI[D J
c IKB _EsD@AH^?@E IKc JR> S > J
T IIXACe>F>ZIKA ACc BBDoD1L
D N S ]bX?@TIVec _ T I
DAACS B ;ec?eBgA _T AH?Fe?@IKNACACDFBg^CI/kA ^C> Tk T ^ IT S ^^D@E I?c TJB^cI[BgDFEsJ
DACBgI[AC?f_wBgI[e JD1S kAC^:D@?F>t?I/ACA ]E b ,?ZA BiA8c N
ACD@D#>ZI AHb D jSÂ ?FLì> D T bXc D@NOT> Q(`c _ ACnT Bg J_V9 A Q S> T DF) II
;_^:?ZBgA JT S e_AC>FD BiA Tc bXeT DF^ I[E}` k Lic IB/c B> YT{c EdD1IKAHe?@BACIKBJ BIVc ?BAH> BgT JIyEdJÂ ?@cIfEdN^CkJ
IV> TD@>@I?F^C"N
IKD JTACcD D `
D c BD `bXc EdEgLiItIgAHEU>FIKJ c B ; ?ZA T eACBp D b ^?@EsJ*Q
>k?FT
^S e D=6 Q J
IK$X?F_IEsT ACm/I?FIKnDJ ACQ`Y:DFI[p %]gD `^:^ jTb IXA8h >@_V^fcACBBYY ?@qI8T ACI8IK>ACAC~?Z>D@JT3^ S > T EdT IKA8IJ h:IJ;"S T]i> ?^ c c I[b Y D1SI[?^H`kbX^CA hT I[^1, ? BgDF]; AC?Z>?ZAHACA BjT YA ~
ebXT AH^BgACk DS E bX EoT ^> T Ij
c B?t^ Jb S > > c T I[IDyACDZD1A:_> ?@T I8IVJ(N DZT _ cA8I[h:BiIt_ILi` I[I[> B3T I/Iw|]{IKEGJA Ac B` IKJu ACBiu L
JN v
>2 T AHI[IKB v S`y` .!u > T
'S ^DZv?JAC BD b p I[?FIKx JQ> T Itc Y Y:T ?@>@IKIVAH^ >XS DZD AHY;"I[T D8m? c Y p % SIK` AC> ? T ` Iu c BDF^] BS B|^C~k
c^CD k T ;e?ZI[A B
T >Zevo^HAHkBgbXACD8T Up"AH>gkQtA pS $XEd>@T D=?F^q#S I8Y ACT > T BD@I[I[YIVEdIKjO_wD>>@^H^ykD > T T ^:It?@>F"I[BIKJ> A8T ~I1D@> ES c hJ
I[N D `
>e T c ?@DF^ D@S BY I[TDFD J
u I[c Byh c > ACT > Ic ^:k ByS E k ?@^:EdeeIVBO> T >*I^Hk? S J EdS I1> c^CI[k\Dv_^:` BgACBiJ SJt_> > T ` ?@> ^ T S ?@Y ^ T S Y kAT S ?@EdIw>@D~
u _wêe c >@>@I8TJL
NIKAH> Tc BYckl^?@L c J{J
I[; BgvTklÔ^J ` qIKAC> T7 LgI8_êc I[D `
IKEdI[AHI[Yj
I[D?AC>@Bi^3J3D ^:^B ?Fc ^>@I[BBD ` > e I/S D E T h:?@I[^
D^:e^Ck DtAC?BgA J eu ACACEdEBgAH]{DKEGAHQdp B
>@DZv Q` D@Pf]AC? c?@B{E YC_ ~
c> BbXYc _klI?@~^Lge ^:?@B c ee] I[S B?FI QtuD Q S L. DFB>ZACIyBiD _T I[^DZv S ` EsJ AC?F_[I AC?FS IB k S >1EdEdN/>@Â8hLi^ Ic JIKAC?F>FIKI[JBIL
N ~
S> T JI AH> , c I[Ê B{S DXu kkl?F? ^Sec >Zv >@` ?FACI[BgI[DJRAH> BgT JI1> u T Sc _@c j:_I[I[DBv IKJ ^ e bXc c EdB{jtY^Hkk\?FAê _w^ cb Bi_ u c bXD c T^cB_ D T `
DbXT T IyIKAHY >c h:e I[Dtc A8IKkJ>FI[bX?c _[> AHT EUh L c SB>@Y
>Fv[I[Q? ` {e Qc Edjc _wACIBiLiJ^ D c S EdIKYOJ AC? bX` ce > T c Edj:D@IV~?DZcAC_we ISAHeBgJ `
bX^ TS c _?T3~@_[ACT j:AHI[DD BbX^:T>c _ LiT I[I[ACB(?@IfDFB]^? c >Bj
]Ed?@IKI[J ]iACbX?@I8c >JTk^b ?1AC>@AIV?DZA:bX_? Tc} c EU_wII `DZA:e_?@I8IKACJ >
>@_ Ic ACE>FD h c b AHBgI[?FJ
ID ` ?FIK{_ Q c >@$XIKJ T ` Ik^
e ^c JEUj^H^HkI[?FAIKJ_w^ b>@û > ^:T ?1Iy^Y> ^T J
I[D1?ACkI[BgeJAHDZEdA:I_AH? c}B c ~~
e^CkAHÊGB{v IbX~ T c > ÔT^Hc kBIKJ/>FI[AHB3B cJeA8N
AHDtEUD À8k^C>FkI[?D T T I[I[I[?y] ` _[AC^CEdkh Ac B_wY ^ ` b> T c ACB >1T ^HIKkAC_[> AH` e^?1I[Ed^CD k `
ÂCBB Ifc e> ACT EdAHD> ITgAC_I[D]{B> ^c B_[YAHLE}k S bXacAC> EdT/^C~@T _Î[?b ` D {` Q > T u $XAC>1T Iy^Hk e b c ÊdjevoI[^CB k` ACACEdBgE J/bXcAHEsEdJ E
uu D STLc D@>ACBg_wS I[Dt> S ?@BIKJ{S v1` D@^ S S ?1e S c D@>X` LiIA8h:^ c J
uIKJQ 689 Q ) e^BY
^C> k^ bc >BI[eY?@D D=A8` >Nt?@^
Lg?F^BI1>FIKD IKJ` AHv>@ACI[D@BgB^ JM` ?Ekc? j:SDFI c^ bX>KQ c ?XD@I6e 6 bXQ EdT j ' ACIV> AH> Bgc D"TJIc eAHEU>@E ?ZA8A:hkl_^Ô>@cÎ8JJJv=ACkEd?@]{E^:?@ez_[I[AC]g?F]AHB ?@S c IKh?@J I ~
ÂC?FB ^ c eS DXACLEdD c ?bXJ
TDc _AHT BgJAC?@> IXT B{^^D@If>DFE c ]gh IKc _Bc Y AHEdc EUBNyh]ic I[Ed?@EGAHe Yc I[>FD >@ÌKJACBgu JM>@^t^LiBIXI~ IKT AH^
>@^CI[klBgIKv J `
AC BgEsA8Jh>A T ` I > T $XI c >F% > AHc L eT DZA A u` > T AHI?@?; A?ZOA A:T _[eACBiAHAB v c òJ 6 S n_@Qj `$X> T T ItI1DFh ]gc ACEdEs?FAC?@Y:^ Ibt~_w` ^|> _FT j I `
>]gT ACI ?F?@,^:>AC`?ACACDBgA/J_> ?ZT AHIBI DF` >ZAC> ?FT E Ic B{Y#òAC6KY:x Y QS J{$XACT EsA ^`DFI > T bXI Tb c _ ^
T ^kJ
I[]gIKI8J_@j:D@I[>F?? c ` j >c B{T YI
bXbXcT> c T _ T > T DZI_wc?Z?1AC>Li_ IKT/ACj
bXD c `*> T b IV> TL
I~klc Ô?X^:>@>@^
IKI[JMD ` L > c T ?ZJ
^DFD I` > bXT T{Ic _ #T ^CN
J ACc hD I1T > ACcBg` J> T E ^c hD@II
^$XB T I D ; TaAC` jeAIKACAHBg>*Jfk?F> ^T ezI ; AXACD@EsEsACA jS AXY T_?>@ACIVB?~ I T ` ^ > S T DFI=I#?ZACA8Bgh:JyI[B J
` ? > c T I8JyIX eT IKACAHB> Y
`
AC6 i?~ Q
c^C>Zk ACj A D T` IVu ACDKBQ c e6K7 ACQEdDZvo% > TI ACbX>XT I8^3AC> IK AHD >@TaD` > h T c IEdEGAH YIVID ~T ] c Y^HDkf` AHACB
BiN JAHu AHEdE*B jc ec BgAHJ|EGDv
c> DS ?F_VIKACv EdÈdIKT J/I > TbXIT Î8ACIK>@IVAC?t>FD ^CkX D > TT I c D I[ACD B(T IK^CAHkX>@I[> T?AH^H> ku IV]ghAHI[?@?F> N c _ S u Esj ACc ?tBgJ_?@I8^CA8k[~v
_[ACI[EdD EdT IKJ1v EdI[ > AHT> Tc e!c BgA> T AHI[Bg?FJ Ikû > ?FT IAC>1A8h:_[^ ACc EdJ EdIKJ vXD T Q ^ T6 c {>AyQ eu ;A8NyS >LgIy> T IKI AC>F I[D B T `
cek A8S NDFIKIKJ AH>Zklvf^?tE c ^Hj:I bXI[? c cD@BIY#DyAH>@Y^/c h> ACT D I`\Y,|^c eJ
DyT ÂC?f> S >@Bg^/JAH> TD ÌAHeBgJ ACB, I[ACD8DZAHu Ed^:jBACID
^j
BB^ AHb EdEB1u LgÎK_[AH_[D@AC>FD Dc ÂCBBgDJv[Q L c 6 ?ZJ
QD ` ' > T I[>^ S TY c Te> TBI[^:Nf>1eIKACA8>tN=DFkÂHE EUc E >ZSAH?@BgNJ
IV^? ? u S> T B
I ~
_c[eAC>FACI[EdYD^:v[?Q c I[6 D={^CQ k[vo$XIKT ACI>AC]iLÊdI?_ uS _] ?@cIKBAHI > S` ?F> I[T DZI v ` T BIK^J
?YIAHTB
^N Y ` h:> IT ~I>@^
cIKY J S ACu ACBiB
A ~ `
>LgT IfI=IK? ACT{>c ACB{L^|Ed_wII[i?@E^:c DjÌ bX> T c ID@I1>F^> T?@>F^^ DFc I D@I u ` J
AH^BgeJtI[> D@T > cI _1T AHAHB ?@cI=e> TACEdI[DNvoJ
> T IK_wAHEG> AH?@T IXA8h:>FÎ
>@LgI[^:IV?@> ByT3ec BAHB ^:BbXI#T [^tA j
b B^^:bXBEdc NB` Y:IEUN1g_IKI[AH]>@D> c B{e YS D _[T AH?FeÔ^:I[EdeD8Q D ` 6 A1h Q c Ed) EGAHY> IbX~]c _c IY ~ `
YO^ SAH?@>E_[c AC_ DF` >KA/Q h n c9 EdEsQ ACY% IwI~_^bX_FT j ^ ` ^:S B B c bX^Bc >FD > `c B^:Y:?EUNEdI[]gI[j
AC?FD >ZÀCbXj:I[c EdDtE^HLik IK_u ^:ACeB
N I^CAHk[B v
>E S T BgIVD@ACIt?oD]ic I[ Bg` AHD BgT _AHI EUEu ]g1IVAC?Bgk^:J
?@?eA8NOAHA Bg, AACve^Cka>ACAC]gD_AHI[Bg> A c _wuDK c? Bc j
_Vj ACT D@?I AuvXT ^:I ?XbX> TT Î
TkACACDFDf>IKkAC^:>F?I[Bg^:vyBIACB
JNA8N ^:> uT AHIVBg? Ju j Ac BgB Jc Y ^CT kX>kl^vV?@QL c nJ{6J
Q I[B . k^
Bi^_I3Jv AT IN:IKD ACT ?AHEdA E
>k@; ^^?? A ACc T >FB
ê>@BI[ACB
IBg> kcAR^^:? Bge ACS S EdB EdD@Nc >B
u >@]gIKI[IVACB
?> > kc c ^:B^:?@YBgeACkÊdEd?FANyL #cIKJAC? J
> c jOcI[B{Byj Y T k?^
u kA^^:J ?@]gL I[T c BiIJACJ|e BgI[_SBI D@òk>o^
c]g^|B IVJ{?^vk?^:L J
?@S I[e ?>
>?@TIK_wIX^]ieI[eBgAHI[BgBg_J
I[I8DXJ ]{u?@klI[^D?X_? _c ^LiBIKDJS v=eD@]i]{IK> _c ^c AHBgEUv"EdN
eQ\n:A8NynQ Li; ItIKD@AHEsD@A >@c D#BAHLOBgN Jy; L ?c A?ZJ|T D~
e> T AHIVBgNACDAH?@kI^:?LiD^ AS _Bg? Jc _>@I[^D ` eAHA Bgc J B
>Zc A Bc Ba^X?J
klÎ[??)>F^/Y
ACkIVD@IK>N
JA(> T J ^:c JD@I > bXTc T D/ê^Ck
ÊsJ*Qon x Q 0 ^? c BACBi_ c I[B
> u > c eI[DZv"> T I1DA_? c _ c ACEa_[AHjI[D b I[?@I
n
u
ZDEsAeA:b _A? k c}J
S IE _wT I[^HDXACk?Z^CJy> *T ^:I[I ?@?I8 D@J^HIVDkL
T>oN vyk^
; ^H^?kJyA IKT eAHe>ZA8ACACN1L{BgLiEUAHII#DLgIKACI8AHBiAC>@JI[D@>FB #D` D > AHT T BgAC^ J>FS ? Yc L NOT c AH?DKDFJ
>ZQDACnHEdAHIg>` Q u > ) AT ksEdI ~E
>@eIV?A8N1T >A8T h I#c B?FYI[eLiI[A I[c BiB{Dv#^Ce kac D|AI8_J ? cbX_ c c> ACT Eikh ACc >FAH>BgN J
uDKD QoS n L7 DFQ>ZAH;"BgS _>XI[DACv Ed` EAC]Bg?FI[J]gDFA^ ~
?Ze AHc> Edc j ^`B{De^HA8kNLiLiACI?@EdI[IKN AC>FACI[BgBJ L
bXN3T > IKbXAHc > _` Iw~ACLiD ^b ?FBIVEUE=eACI[D1B ]bX?@IVc ]g> T AC^?ACS > >yc ^:LiBI Dtc B^CY k
eD@>F^
c ^|IKJRJ k^:bX?#c > AtT Ed^:kACB>FY>N > c eu D IS QLDF>ZAHBg_I[Dv ` > T ^ S Y T > T I[NeA8N T A8hI
::$XTO:S :T ::T C ` b
>]ibX^ cS _nBgI{JM~LgQ >^:T ?@BIt? eS D EdI[I[B DXAC` klD^Lg?#I[> IVI8B(IAC> ckkBS^
YEd^|EdJN3AHBgJ
J/AHI[EUDEdA8_^ h:? c^ LiIKc JIKJ(J*c BACYtBgWyJebXIKkcÂCEd?FEX>8LQBc n:J^ bJ
Q I[B]. ?FB>@^CÎ ~
ebXTA8cNEdI IK2 AC>ACB
e>@?IKACACD > b bXI[T ?@I"I[B ?@IKc_ > c >FTIKJ AC`CDybXLgT IVIVI[BB(; D@]?A ? Tc B{ejOEdACIKBgJ AHDbXJ|c I[> TD c ?@b I AHu ^:>@I[B? I` p D
u
?YJ
c IV^ >F?KcIKB{QvY n:A:c_[>ZQ_v ^:$X`
?ZbXJ T c TI BI[Yy' B^:>@^?Z^yJB{> I T^CkcIDX_EsI[A?FB{IKbtACYO` > ACSAHY:Bg?@IKIVJJ D bXuc TB?ZIV>AHBT YOItÂHB{]g]iIACI[p> D?c klvXE^c ?@k_wIe?@IKc ACAHD Bg>@c IK_wBJIJ>^HAHTkB
c A D~
bXLi^T > ^:T EUI > T u bI ^c ?FeEGJ e>F^C^hCACLiLIKE}vyIAC> T BgIJ D > S T D@I>FI[eBgAC^CBih_ACI/LEd^CI k1u >_T?@I8IAC>h c c ^:>B ACE=c DZD@]v1c >? Tc >8I
kc D^
^> TJIX^Hkk\^
> ^T JyIt^Ch k*c >> ACT Ei^:D@D@]Ic I[? Bgc >8J
Q^ nb {IKQ J +bXT c > ACT > EUc ^D_J|^:I[eD@> ^:c >> cS ^>@BaIy ^Cu koACB ec e^:> AHc ÊdDZB v
bXbXcc >> TT ^^ SS >X> T kACACBBgY:J
D D^Cu AHkg?@> IT ^> TDFI ItbXklÔT ^^J]gv^:^CD@kD@IV> D@T D ^T DFAHI BgbXJ
cD > ` T ACBgkAHJB> YT D I=` >> cT e ^:D@c JI
^CJ
kaI[DF> > T c I#BIKLiJMÊs>@J*^Q LixI 9 QT$Xc D=T kI#^
ÎKJAH>@` I[_? ^:ebXT e ^c >FJDA Bc EU^NyDI[c h:BI[
Bk^:J
?XIVh> T^ SI?@_wD=?@>IKT AH^:>@^D@I?
TIKAHc e>@I[DFB I[E}ukk_w^?@?1IKAH> T >@IK^JD@ILiD@^]i> TIK_ >c ACT E"I1] IKS AC?@>F]iI[?@^D#DFI[AHDZBgvVJQ > xT 6 ^QDFI p $XbXT T I^_AC^:?FBID S>FêLi]
I ~
>>@c^1^:LiBI^CAkae? S I8EdI=AC> eu A:c D"J
LgII L
N1>@> > c T BI=Y
Yvo^kl^J
?=D8DZLAS_w? >ac} >@^1_I[]iD I[` p
?@D > cT D@AH> > u c c B DJ
S I8D c_BEsACY ?@cI8>ZJ v
^#ByAHj
^D> TT AHI[?DZACu D8^Q _[x_[AHnD Q c ^% B{I DZv bXc T D^DA I8c ACJt>@D=>F^1eLgI8I1AC> A#`H]{bX?@T Î[_B I[IKT J I c B{T Y ^:bB^ ^S ?F>?FTDNt> T ^CI k
Yc > ^` J
^D? AHTBgc JteeDFI[ACE}k BTIVD AH` D#_j^:ec EUEdeIKJ c >Fu D*> TBI^1DACc B B c `CebXACT EsvI[`> T ^:IV? ? T T AHI D#T ?@AHI8D_I Lgc h^ IKS J Y T c >>
j
bXACDBc >^ AT b ]DX> T?F> I[IT D@ItIVEsABOEsb>RA btk?@k` ^:ê e? S c kD@^>=> T T BI I[^?@T >XD8ACQ I8DfACx>XIKx ACeQ>FI[I8B) AC>=c >> IbXgS c_B_wI[IEs]A~>Lib ^c k B/?FS B3Ed_EdNê`{B
TACkl^BI ?@e bXbXccT >EUE^N `
S> c BgeAHDZLv[EdQ I#x>FîQ DZA8) hklI >@I[T?c eJ|DFIKI[ACE}> k T ` Li> I1T IIKACY >FSI[B/c EU>A8k^C>FkXI[?#^BJ
I IKAHbX> TT ^L
ND@EsA8TN
c DDtu J
h I[c I[_F? ~
kk^:^:?#?YOBA ^ c B u DZc AD_wB?@IK^J>1vACD] S u Y:?@]i?@IKÂHD@>ZI:v#Q AHD1x:7 > QT AH;>#S ^C>k TAc e ebXACB T ^bXIKT AC^ >F` D1LieI cIKBAHY >
Jk S S DFEdI[NtD=IV>@B^tYOIKAHAHY>IKJeuI8>@AC^t> ` ^ Li IK__c^:ACe>@IXI[DX^:?A8k>@>F^tI[?J cJ
BI8I#AC>AHT >A1AHBDAAC_B ?Fc IKeJAC? EOc >FJ IKS v ?` c ?@BIwY ~
>u b> T I[I B
> NI[~D ^T B{^HIkIwAC B c DFc e>@I[BgACEd_wD I[SDKQB T x AC{EdQ Ed^ )b IK; J?AL
TN e2 ACAHBgB
A>@?Ze AHDKS CD@L>=S B> I[` h:Î[Li?#IKIKJ AHc >~
I[B
IK>=J >@c _^t>@> IT I1>@D8]Q ? c x eIVQ hW ACk E
T EsA I btT `CAHT DI#AReD@A8>@?FNtÎKBAHY> J
c > I[` D c_?F^:I BD@u kIK^_w?X?ZACe>FIKIKJ AC>bXv c T> T I
eu AHA8BgNJeI8ACAH>Xj> ItT ACACB>ZvV
AHBL cS e>XAHEdI[E*> ^CTkc _eEsAH?Bc}I[ h:IKI[J?XL D@IVS I[>@j>FI[>F?t^^J
?I[^D@>FB?@Iy^CN^Ck ACB^ AHS B
? ~ `
c> eT IAHE D@EsbXA cc B> T ^LiSIKAH>D@A> T u EsACA D b ` k D@S Êsv^C?@kIK>FAHI[BD@^Bc BgQ J
IVx IKJ Q bX) c DyEdE eT I AHB
bXN T T ^/A cj ?@c DEUEdIKAHJ D
c> > S ?@bXIc > L T c ^?@>S T >#DKAQ u x Es{A bQ k , S hEGvA8N
?@IKACAHeD@^L BT
S D S u > T IVI?Ay, I[h E}ksc ~ÎEdI[B
c D@>>@IVJ|BOIK>ACv > TTc c eBRDFk I[S E}~k
_?FIKAC>FIKJAHB c eACEdDik^:?o> T IXDACjIX^HkDA_? c} _I[D8
DZA_w? c} _I[D u T A8hI
x9
Lg> T IVIyI[B D@Esc A BS D@>Y c T > S>@IV>F? IKc JBviY klû ^C?ak> T LiIIKAHY:D@Ô>@^Dv1J^Ckl^k?#> TDcAD _bX? c}T ^:_I[EUID u c b D1^:B?@^:EsJ>v[DF EsTA SI[BgY _T I ~
>@>@I[?FI[? cI[BD Y` _[u ACc B>F>@Ed> I T ` IL ^:c ??ZJ
J D c `BgACAHBi?@N/J DFu I[^:B> DFT II[?^Hv1kAC> B T c I eb AHEd^D?ZJ{> T v[ACQ> T 9 A8Q hIt% I[Li?@I[LI[D B `
cJ
ACD@>I[>@DFIVAM>@Bg?@_^CDZI[N:AD8_wIKQo?Jfc} k6 ^:_Q I?a. DZACA:BtBg_J? ^Cc}* AHI[_w>?I[cD >B{` T Y?FIIK> _T? I c I >Fc hI[T DI ûBc BLgIVI NT c ~B{^:e YBc ^ ?FI[S > LiS?y^?@^CI?@kXBiu v >@> ^T TIcAY eYT SIVAH?\I[BD@IwI[>OvD ~ ``
L> T S AH>> ^:u B? S > EdTIKvIVD@2I AC^|B _VS_[ACD]c ?F^:^|B_wDEGA ^:c eBEdIKN J*` QeOA8nN3Q AHB) AH> B bXc ce_IwAH~ELi^Li?FI/BD@EseA c AHBB
bXACB T c ê` ACj
E{Bk^^bX?c > BT Y I[DF>IT ]IS >F?F? ]gS ^:ID@I[eD ` IKAC_[AB S c BD@YIVDt^HLgk^:> > T T/IT{"c eIKJD@AI[E}` kD@ACEsA8BiN
JD> AHT B I
eÂCbB AHc BgeBv AC^HT Eik#^ >@Sh ^D@c ?FI I[> `B
S bX>@^ IVcS ?> DT ARJ Afec D@>@]i^:I8D@Â>XD_ cT L> I[cEd^?I[`DFB D@^òIK? JbXc BT D@>I[> AC> T T>@IXI:IVQ#? k^: T ?@x I[IQDF> J ) ` b e I[> bXEdS EdDDFc >\_cIB{B ~I[Lihu ^TI[?@?c B D `
I[> ShIV?FIKB v c bXB T> c c _ eTI[cDDt^CBk#^:J >tc D@DZ>FAH?@BgI[_DFD> c` ^:_[BA IKS J D@IL
NAHB > T c BKI S"?@IKN JAu >FQÂCiB
QN/_B?@I8^ A8b ~
>> TS >FAHI>#^C> kiT eI c^BK> c S^B?FN`bX>@^Tc e_ T ^C> h T c B{I=YIK_?FJ{IKA ACT> S AH?@DaIV]D?FACI[DZBg_JM? c >@LgÎKJf> T kl^^?aDFI_I[J|?FI[>ZD@A > c cB ~
k^c B^_[?FY_[> DACT D kc ?@kl^^:?@BêDeòA c > DfT bXBIc ^D T cI8B8>FJ^ AS Q?@u YN c h:7 ACIKQ >yv % ACTEdI cEe*bXkD@^:T I[?tÊ}k> c ]TBKEdIIKS ACDZ?@D A:I[S D_?@?@Ic I8B`JBB^8EsI[A h:b c I[^ ? S D DXT ^BgLiBJ
IID~
TD@I[ACIV]{j] >@c BÎ[_[D@AD S` B{DFI#I c > > T T I#I[?=D S E c h IVc B? c Y1BYBDX^:?^HkaJ
LgIKA:^:J*BgQoJ
DXO{ACQBgJ% I J|IKbXACT > T^J
>@^y^
I[E D=c h Bc B^:Y >
u
u
I[_AC?@Bg>FI8>ZJ
ACA Ed>cI[BS DFDD?@I[bXLD E `c c > D@T D8L ^QaS S
>>vACQ J
B%IVD II c *?@bXI[^DT?F> ^t> T bXJ
I1T^
Y:I[ACÔD> ^BT Jy^:I> ^H> kcTBKACc BEdS Ej
?@DI#Li^HAHI k BOc `:BN bXYuDT _v AC?@` >IK^:AHT L> I>ZS A ?FS cIKB{B
v D~ `
BcJ
BKI[I[ ?Fh:S >ZI[?FAC?oN/j:LgI[>@I=D ^/` ÂHDFLI[Bg>B
JA > c cBbXI[IKB
T J >AHbX> Lic IT > c TI B^ Y S D |> IVc cDD BK T{J|S cI[DX?F>@N1? e c >@e^#c BgI[E JB
c h >Z^:cAHBBaEYQX>F_w^ O?@{IKu AHQ> T> 2 S I?FIKI[AHAHD >@>` >ZAAH_[cBgAHB
BJ ~
e^Ck[I[v#B
e>=IK^CACk[v>8QT I8
A8hQ I[B% EdNA8h Lc EBc YDFDK
b EdIVI[EU> E=T_cêBD c> J
T I[IV?@?@I8IJk^:?@> ItT I D T
u S J B c DFY u >S T DFI> c BS Y
D@I v
^_^? c?FY ]gc ^:B?@IK^CAHk E# LiI[D I T c BACYBgD `JEd> I[T > I Tu c _we? S I[I[EdB
>> Nc ?@^CI[k[EdNv"kACI[L{>F>@D@I[>Z? A c c B{B3YklAC?@^BgeJD@IKEsA8ACN > cc B{BYY
J
I[^
D I[T D1Q B7^9>1Q IKAH% >1I ebXIKT AH^ >X` E Jc j:c DFI?@I[A Y
AC ?Zc JDZACc B{jYA ` > LgT IKI_w?^S eEdI IVDu Y J|c IKhACI[?1B >@AC^Lie^ChI[IKB v ``
ebXACBgT c J >@^D bXj u >cc EUEUT EiEdDIBcDF^:> Es>`{A STLiYII1T bX>@>FÎ[T ?F?=ê^CLI[kB
S AH>FN
BIKD#JAH^:B L
?#cNeDFI[J ACEdc EUEsD@Dv I8`CACu T eD@IIVDKIKbXQAC>T 7{v ^6`Q T _ S%I >@I bXD bXT c > ^T S ^y_w] Ô]g`
^:IVT j
?I D~
cLg> I1ò_T Î B{bXD c J
T I[^?FIKDFJ/I[?@h:ACDI[v=D > c T > I1S DF] EGA8` N:AHI[Bg?@DJ u T^HIk\> bXT ItT ^ ACB IKc AHe>@D AHEsc v[> Q ` 7 u n{e Q S $XD@>T I[AH?@EdI E
cb Dt^:B?@D^/TcY:]?@]IKAHc B>@I[Y?> DT c I/B{BYI[^?yJ
> DT AH^B3?> > T T IAC> eu eACBAHI[BgD `v D@bXI[TI[j
^ D` > >@T ^ ^ Sc BgY _T ?@I8BAC^:D@I >
u7> x T IXL% S EdjtbX^HT kwv Tc S D^ c b B I[T
D ST L
Nt> T I IVD T ^Ck*^>S T I[? u LiI c BYDv[Q
T^L^?F>Q D@A Ic ~BDZI A:> T_? Ic} D^3_wACI eJ ` I#AH? Bg?@IBJ b YT AHIA ?ZJRbXkT ^^yBg?=J|I[> ?@B
T IK> I Jc c ?F?XI[NEdeI8NACI[?@AC? DL{c >FD@ÂC>ZB? A c Bc ^ BS DAHD klEdEU?@u N ^_ê^CBg*J eI[S ?FIK_DAH>ZvV> A Q`
kY7 ^
i?FÎKQ ACJ ; >v\N>"AD kS?F^:I L?b D ACcAHDFD?Z>_Jc I[B> AHYyc _D\D^L
BNtu c ]BIVS BO> ?@> T Ic I?@I[kk?Ed^NS{?Fc A8I[>=D@h:AC>^ Bgv c ` JJy^c B?FBÔYI1^:uJ
>@> D ^
T ` I[I ACDBgS B{DFJyÎX>L
^CNyY
kwAv IKc ACB >IVc uD B{DFT ^Y Q
bXLg77I8T vXQ#^>DFp 2TI II I[?FT IKD ITACEou W eeIKACI8ACACez> B c c DB/BA YyT> TvV^Ccp kD bX> u Tc E EdcI EakIKJ
b v[I[i^h?> ^ TJS I ? p bXc I[Bc D DFT I> Tp J
Itu I8eB_EsAHIACe?@> IyDZAu > b T T{^:v[c DQ ?@Es7uJ>F{v ^ `Q
$XE c T S I[^:?FI? ` c D#ACBgB{J ^cD B3c B _[cACB/?FBgI8ACACE > c c BB
Y>@I[e?_IK^ AHS > ?@`{D@I c B ` klu ^J
?t? c >BT j ACc B> YOc vDD@> ] T c I? c >BgS AH^ > SS D~
?Z?@IAHbE AHb ?ZA8J

N D8Q ^Ck_w?@IKAH>@IKJ(LiI c BY:D ` L S >AHLD@>FI[B
> c ^BL? c BY:DY:?@IKAH>
7 :W#:bX:c ::bc :CS
k]^:?F?I[DZ> _T{? IQc LgJ|IKJIKAJklEdÊa?AHB{Bg^> J/T I> T BkI^ SJ ] ?S I_V? c}AC^: D@?Z_[>FJ
AHI[IVD> ?c û IwB h|AC]{^C?@EGkXBiA A>c B/T{v[Q c B{> T Y7 IDQ]AHSDt+? > c}T T IV_[I[NAHB > cAH^?@u BAI
?@^_ I8T? _c EsIu J^Hc hkavIK> J J T c IVI u DX> c TB > TIc > AHc DZAH> A:> T _c ^?ZACAHBgDXev >F` I[I[ACI[B
Ed> >yEiT ?@IK^CI[J k[EsAHvt` > ^>c h?XT I[I> D T >@uAC^Li>XB{IKLiD _S ^:I?Fke^:I ?@IKI1u v >@c eI[S IVJ]> ACTS jc ?@BAHI ?ZY ` AHACTBgBgAHAJ Dv
^7 B{Q > TW > Ic LD1c ^:?@> ?ZT JA u c ^HB{kIKJ Au _ > TT c AHEsJ>Zv1v1>ACT eI^DZBAHY e, I AC] u ? c SBgEdJIKAHv D#c Dt> T ]{I ?@I[c eD_]? c S Li? IKc J*>N Q
^LiB^BAI[_VD _^ T S A8B
h>=I^CLikaI[A1I[BJ
IK_AC^:> EdT EUI8u _D >@T IKACJ EdÈEsu AC^DF?>Zvyv>>@TIVB?FI[JI/A8JN
A8D N
` Du ^^:?v?S ^:B
B> I/c EJ> TA8NI
^D@IVB{hEUI[N
B
Q1> T 9 ]gQ I[;"?FD@S ^:>1B > uT c IB, > T AHIy] c ACBgDZJ_wAI[~Bg?FJ I[Esc ACB>Yc ^:ACBBgD JTc J
]/I[_DIK_I[AHBgD@I[J D c B{bXYc >E cT BI[> DZT v I `
>Y T c BI AC, BgACJe>ACT BI ^Ju IAH jcA8D@~>F?@I[I[BgEsAH_I> c ^^CBkXD A/Tc ]_êbXT eI[B^:B> kT AHI e u c _EdN|^:ve~eBgAHêBgv1I^:AH? ?@c I ~
BA^ J
IKu EdAH^> BT/Y:cI[DX?Zv]?Fj
I[BDZ^ _wb? c BaLgI8Q1J 6k^Q ? ) u D1ACEd>EsvTc , D ACc ] ec Bg] J{S AC? D c >` NIVh^:I[BB AD@_V^ _^ c >XS B
D T>1AC^CEdkE
LiE S I >@IVu EUTNIV]EGJ{S v?@I^QtB:AnQ L u c .?F> ?T bXL
TN3c Ed>IKT vX^> D@T I I bXc eT ^3] S J
? I[c >D Nc ?FI^:B>FÂ_VLg_I^ S ACB
L>1DF^C^C~k
u
L>AT c ?@J
I> IKT eAH> û T k> AHT c EUDtI[EdD?_vt^:AH^:eEU^:BBeI> ^T ` BI/ACBi>F]g^/J/AH?@AC> I[TEdB
E It>FD,kACACAC> ] EdT ^c I[BgB?1J{I:DAC T DZuvAH^:` EU?ZEo> v TLiACcIK>>t_^:D _[eT A AHS ItEdD@E=]IKkJS AC?@EdL
IEXN^L
BNA
Lg] SAH>? Tc} c BIKJYie xIV?@Q I[Ed;"N/S L
>N/AMLgeAH> ACTB c B`*YiT \A8Ah kc >@BIVY?tD@Lg]iIVI[YB
I[> >F> Tc Bc DtYDFA>@?F_ I[TBc YEsJ> Tau`^c B D
>]AfT S ?@?@? I[I[c}eI IKACJJ?@A8? N
A8c IKDKklJy>@Q/I[k?1CIVie^QB{ACIEd$XIKJTv A8`C^N T D@IIACDBgbXT JT AH^ EUB E*c T ?FY I[A8T >Zh> A Ic u BA>F^J> STJ|_IKI T J c I8eJ3>@^
] v#A/S ?> _cT ^:>?@N?@IV]IJ DFSI]g? I[cAHB? ?@c YI ~
^> T J
?@DoI[^CIXkJ> A8T N
?@DKI[QoI# J7 A8Q N
)D8C>] T S ^:] D@c I E bXbXTT ^X^#]iY cI[h?IklÊ ?@c eLgACDa> c> ^T BI D* ^Hc k >@b? c eAC>FIKI[J? `T A8A"k>FkÎ[??
TYS ?Fc DDF^ >1S J|BiE IKc J_j:IKv[IAHQ3> D@TIK:J^DFQ I>@IKbXuA:)_ T T Î[b ? _V^` ACeLi?@?FIKACN/_Bg^:v > eT c IDyI[Dt_] ^:AHS ?@EU? DF]c}^DFIIK] JS^ ?FS Î> B(A8u >FkA/>FÎ[e ?#> T c >FDII[_[BACL ?FS J{? ? cA8cACNOACY:DE}I~ `
c_B^:BgAH_D1I[]e> c AC^B
BgN v ` u JAHA8BgN
J3DAAHBgeJvIVBB D@c>FY ? TS >@AHDt> c AHBDYekIVêB
>ACT EdID Liu IVIKEG_AH^:]eD@I8I[JDA8] kS >F?@I[I?
L
N^ b LgvVAHQ> T:c BYQ Au k. >@IVB?#> > T T ItIeJ
IKI[AHB{> D@T >@?vS ^CACkED@_ IKT_wc ?@EsI[J
> ?@c IV^:B B bXT ACT D#^D@_IIKAH>@D@ÎKB{J D S u >F?FÎ
u S J{ACjAC?FeAHBgv T ACD1B^>XLiS I[I[Bc ]iI[?k^?Feu IKJ ` > T I u , cAC] T c BgJu AHDZv
>BACT ?F^:II>J
J
> I8T I8_ACI Es> ACcT ?@B vXI8c J> ^Cc kAC>@^y> > c T ^Li^B IKDF`_I ^> eTbXIT IXÊs] A bT ?FA8vI hÎ1B??FJIKÂ _Bc I BI c DhI8Ju J > A8T N> ACT AC>Itv1BiJ>F> ^TvBIB D S] Y ?@S I ? >Kc} u L _[^S AB >~
>T c AH^:DB J u c >ZIKAHJjI[LgDIwk]Ês?FAI_IK> vT IAk_w>@ÎV?e>]{T EUIV?@>I[cI^BJ{A8^HNOk D8cQ>FDDFIKQ _^:) BgJ_ TNIKc EGAHJ? ` > T> T AHI>
?@IV^ EGb AH> I[c ?@hD IV` DAHDBgT JAHEUL E#S _V?FACN ?@?Fc >ZN(v ^c BS > ] S u ^C?FItkY> T ?FÎS h Bic J EdEsÀCbXY:IKc >v T` ^ J
S IK>#_Fj_I8^:J EdEUI8u _bX> c c B> TY
>L T S I?FB
Li> ^bXBIVc > D T1u A8?Fk>FI I[` ? ACb BgACJf?J
BDZ^1vVQE c Li:AC> Q c ^:,|BS Da_ ^HT k ub AAC_>FTI[?oc EsDJT v=AHD EUTE{AHLgEdI=E\^CB{*Î[>#?@LiI8J I
>@?@ÎVEGAHc >K> chEdIVIKDZA8vyh cD BT Y ACEdc EX>t?@E I[c ejIA Ac B u EUc ^:eY] ^CS kw?@v Ib J ^
S ^|? c J BY c B> T> T ?FI[IyIk^:J?@A8I[N
DF>D` ^:u B> TEdNOI Q
> T 9 ACQ > $XT AHT DXIB?@ÎV>XEGAH?F> IKc hAIV_ DT IKD JT AH> EUT EXIB{> ^T>yc ?Z^CJ*N:I[?IKACE ?8c
LiLAC>S c > ^:Bc k Dtc >>@^ T Au AJ>@_ IVTI[c >EsJTav `
^]i?I[?> kT^:I?@e_I[IK?FJ I[` eu >^:T B
IN^H^HkI[Bg? cAHBe Yc B^CkY b c > AHu>@4I[? ACec DZv1AHj^:AC]?F> ec ^:ACBgBiACvEQtT A JM6 Q LgW I[kIVB A
x6
k? I[c >EdEdN1^ b^Ck*~DF^> BS I#J|J{I[B

A8>NHT ÂHBDA#J cL IKc J ?F>` T > T > IT IX, ] eS ? ? c c}> c _[]AH?F> I[c ^DZ_By? c^CLgk*I[> DT IACB , ACc ee]ACB
S ~~
^B Jc Y ACT j>@AHD8D Qc DnJ
Q IK_u Es. AH?@BIKJ > T u I>F^J
>IKACAHj:> IXT v]Es^CAk_IKkIVv=eA8klAC>@EdI[I[?=D > uT Lg?FI[I[>FI ?@^:u J> T A8IKN
JDXACL BgS J{>vv
B] ÎKS J>"?FI#eA8AklAC>@_[I[?F_??^:c ?ZIK> J JT c ?FBu I[>YfIT >@I1J{^tA8L>NO? T Dc J
I#` I[AHDY:BgAC?@eJ^
Î=> eT ? ItS AHEU]iI:BgACQ\J >@ IVTx ?@c BgQ DZv"AH' Ea?@I[I[?@> IVEsAHEGu AHe> c> hc^ hI[S D=IV?FD#BAC?@LiI[I?@IKD_] vo^S IKe? AHc I>~
kAC^
L^DFJ>ZA cbXB c > klT ?@^^ eS >yekAIK_AH> c> > ` c ^ ACS BgDJDZD@ACEdEdI[> I[` ](LiD@ACIV> ]gT ACI?ACJ >@S I? c ^BB3Y> > T T I?@I[YI3?F^ JS A8BgN
JD `Q
CAiJ
Q IKAC$X> TT I T ACACLiDf^CLghI[IIVB? S ]EdI/?@I[?@DIV_YO? c ACLi?IKJ J c BuY k^:c ?te_[] ACS DF?I[cD >N bX^T BI[?@IA:_[> _T ^ IS BOj >c B^CD~k
eu , I[AHB eE AHc BhIK^v1JACB{jIKA:ACv
? ?@I[u >EsAHT >Ic hJ
I[I8Do_e IKACS DFDFIK>aJj
vVB^ u b, AH> ] T c I"BgJk^:A:EUv1Ed^ j bXc B{c BD@Y=e? IVS BEdI AHu Bg>FJ^
?@> IT klIVI[e?#v[>FQ^ _[7ACDFQ I[%D I bXTbXI[T ?@ÎyJ
eIKA8_NIKAHT D@IKIKJAC?1E c> hT I8ACJ> vu AHA>#?@AI[EsJACc> D@c >hACIKBgv_?@I I[D u c klJ ?@c^B{e Y
cJ
BIKAHA> T/J c TD@>A8ACh:B
I>#IV_EG^ AHS]B
D@I8>@?@JN v ` T D ACT D#ACEdJ Ec I8LgJ I ` c LieIk] ^:S ?@?FItI1>FkI[^:B ?#u> J{T A8INO?FD#I[Aek>@A IVc ?BiJ
TI[c D?
^CJkA8>N
T D IXT ]gA8I[h:? I#c ^|]gJfAHD@^CD@kI8>FJ I[`
B T uI#JD A8T N
ACDoEdEiACBgLgJI vc eB c ]Y TS >F?@DaIX^:J BS Ed? NOc QaB{Y:> Q T W?@kiI[I > T u I=J>@A8I[N
B D
?@ACI[Bg{BiJ{Q _vXI#) B ^Hc keY >T TAC>FBI#DK*J
bXL IKTSAH^>> T c T vkÌKAAHT ?@IXN:DIKLiAC^HIK?k_^:TA eAHuD#I[, D"I[AHEs]] AHSc ]Bg?@D@JIIKA:J evtuI[?FD ?FI[c I[BgEsEdACNt_> Ic L
h:>NtIT p LgIDAH^J
> TIK_[_AHc BS > TaYi?~ `Q
^T ?A8h^CIyk]g> T AHID@D@I8L Jc ?@v > ` T Lg^HIKk_wÂeDFIV^DtB] A8S k?F>FII[?1L
> NT ILiAC>FI[> T{Bc B{J{Y A8`NODJ
?Fu I[^CD@k DFIKc eJ ] c B S ? Tc >c N D
YOu Y:AH?@?@^ eb IVB BOS >F]yDKQ#?@I[:EsACQ > c WhkI ACbXB T c^ B
kc DAHvBOB> û >> T A AH, > AHT ] ACc BgDJBA ^` >1J >@c IVI I[c > BT I8A1JJ v c ` D@>ZÂH?1B
A >
__Êd^S > BOT >FI[?@DKN Q` :^B{Q IXW Lgk IKbX_w^c > eTc IVBD> AHT >oI#^>FBgI[_BIXJ] A8S N
?@DI1uA8^Hkk>FI[c ?oeLg] ACS > ? Tc c>BN|Y vACc ByB^:^> B{T IIVp ?D
L^Bc ?@Ed> N T S ^:B
?a> J
c E*IKAH> T > TtI T u AH?@]DF]i>ZvI[B]gD I[` ? A c ^|; J?A^HT k\e>@IVACBMBgJ{A"A8D NOT D AHEdT ECAC?@I[D=eIA ] c B c ?@cIKeJ*Q=] S ?@9 I Q
$X> T T I I[N/c eJ
] IKS _w?EGAHc >?@N Iyu > EsT ACAHDF>@> DZ`{vbX> T T I[?FBI[I> JT A8ItN
>FD8IK Ac _ kT > IVT ? I u uAC>@jI8AHA?@_ NOT A:I[v ?8p T DvACD1D@^J Bc IK^:J ? `
bXu ? cS kEdI IKuv[c Q#D J|6 IKQAJ 0 `H^c ?#>oAEsACDF, >@?@D^:v>@A1? c N
JA A8NtbXACT Bg^Jy?FAI[D B c J
c Y IVT D >KbXC> c T> T AC> u Tc Dc eAD@^ IVS>@>@>EdIK^CJ k
e>@A8I[*?FAHIKBg>@_I[AC> ?FE{c Bg^:?@BgACI[EEsv AC` S > AcBgh_wIeEUI` ACkl` ^B/A?oD ^] T BS ACI=] EdEBc E Lic ` Y I AHT B>oc e>@^ ^:] YS I[_ ?F> c ItT ACI[> klc?^B?tbXY>c ]>T T ??@cI[>I[ITD@> IXJ` A8]^N
?@?I8DK_AIKkJ ^:ec ?tBA8YA ~
?@ACu I[^HBgDk\JMc >J
T kI[^:ID EUEdcD ^ D#S bXBJ
c IKBÂ:Y?=J D@J` >A8u ACTN
?@I1D8DQD D T TACcn{BEdQEiIVLgDZW v kI ` > cL TeS I]>=jS k^:c?@BIK? Yv=u ACACc BBD=EdcbX^B
BT> Yc ^:eD@ACIACD=>F?@>I=I8T ACkI1?Edec EI[c BgY T J{T I >v
bXJA8T N ^ ` Ec cDyj:IBbX^>c D@IyA k, ^:?F?^>@A? c P NOA S ? u S> T bXI T c ^/ej
] BS ^? cb >N/DEs> ACT DFI>@DZ"vIKkJ^:A/?AAHBgbXJ T > ^T EdII
)ABY
D ACT D8ACQ>F? c x NOQA )A8k>F; I[?y?ZA > T b eI[EdACh:BiI A` AD T ACEdA Ec DFLiNOIA ] A8S k?F>FII[? A8k>FkI[>@?tI[IV>FB I[`BACJBgA8JN
D A `
,I[
D@S DJ
AC?? Ac EdNc Dov] EdI[S B? Yc} > IKT JyI[B A8k> >FT I[?IyA]iI[e? c^:^B
J/> T ^HQ*k Cc ieQ ] ' S I[? > c >TN c` eB{^B? ^:>c BOu >FS I[B?@? B{S IK]_F>~
>bXT T I^? ]ic >@I[IV?Dk^:>F?@êLiDXI> T ]iAHI[> ?klu^) ?@eY:B IKcdJ T ^bX>F?Zc >A:T v=? > c T >@II bXDZA:c _EdE*?@I8BJ ^:>X Lg?@I[I D8c ekl^] ? S ?FT I I `
>>@T^ S^ S_ T Y IKT Ju AT I1LiAHIKBgv1JACA EsA u ,` AHAy] ec BgI[JBAD@v>F? ?@S I[AHEsAH> c> Bc hY IbQy^ e7 Q ACB +` ACT BI[B ^ S T >I _[ACT DFAH> D `
AA bu _^^:e?@]ACDFBIKv c`
B/T IX_ TLic EGIKJ|_Lg^:eIKJ I[` DoA] _S ^:?@?@IX]L
DFNI ` LiÂC?X> T{^cB{B{I YgbXQa:T ^ Q T % ACIDXbX>F^ T S ^ _ T T IKAHJ D
]] SS ??FIc IKu > J TT{c Bc eYD@^:I[?#E}k
]iLOI[Nf?@DFD ^c Bg]v] ` c BACY E b b A8AHNO>@D=I[?oe D S T >FAC>@EdI[E ?` ^:> BT ItDFI[DI Ac _B?FYtIKJACB
>@N Ic e>@D ~`
A; J{?ZJ
A T?@I[eDFD@ACIKBiJA >@bX^ T ,
^ S ?@T N
AHA D` >FAH^ BgS J_ T > IKT JI A T
A8S heACeACBAHB Lic û Bh:I1I[?@>@DF^ I[DZbXvVQTc _ {T Q kAC) >
L
EdA^
JN^T jD I[c c ?@]BIV] YtD c ` BACLi>=Y IK> b _T ^:ACIe>@DIVI[S ?#D=BaAC] QBgS :JR?FI1LOQ NLO% Ny>FI ^ LgSbXAH_ >T TT^ c c BBT Y YiAC Du cA8kS k>FBgc I[>J
? LiI[b ?FIAC>ZAH?k?@J
jIVDZI[IXvXBkAy?F> ^T _eI^ b ]ikI[AC^:?> ?~ `
kJ
^:IK?@A:eJvAHBgS _B
Iy> c^CEk#> AT Ih^ hb ^ bD T T ACACEdDyEB{LiÎ[>1I[B]g^ _wS^?te^]{S EUIV>t>@IKE cJ*LgoACL> c S ^:> BD bXuT >@I[^/B > TT II
Tc B/AHD#> T ^C?@*I[I[I?FIKJJ A8N
b D1AC^>@B{IV?EUN
A8Q1kl>@I[? Q c >@'D1c Lg_ÂCe> c ^:]BEdI[D#> c^H^:k B b ÀCT >@ItIV?LgI8D _T ÂCeEdEoI[BD#^:] >S Li?@II
^Ce*A8I[N1?FIKLiJ(I#>@D^ A c Jt> T >F^ÔD@v I T bXA8hT IX^ Liu I[BI[I[BY:EULiI8^_?F>B > cT BIh]A ?@c BI[D` _>@? ^tc Li> IKT J^DF?I#c >@LiI[^D?FB ACBgc BJ
bXT_^:A8T Bh:^D@IIKAH_ ?@^:S IeIVBgAHe _DZIy_c I[>F^C>@> IKck_J1AHD DB Su ^Ccc Edk_ Edc I[TJ
YOIIVAH?@` EgI[ e> 9 c _VQc AC$ E=> S^ D@?@IKb IX_>F^:^HDZek\v `> I[T BACIBibXJ_[TAC>@^DF^/>@I[T D> A8T` h^>FIo^DFI ^> TcbXB^:TIKD@JÎ
bXÂ ?=TT J
Î[??FT cI[B>A8cjyh_[IAHD@]E*_[Ac D@? SIKc _>D@>SIK`
Jy^ bXS ACDT By^tE ACc >LiTS ^?@^?@^ ?8> ScQa^Y B T 6 `8Q ET S ) A8D@h:>DFI\E> cjS hc J|I EdEdI[IKu B
bXJ>#c > >J
T T ^
I I[c e? DTOACB{B
S ^N1D@>LgeLAH?FBgIVIKJ
BgACDvj ``
T^ bc D#Bh:J
^ I8b AJyL
N/>@I8_[AAH_ ?@T ?@I[N ? c Bu YACj^ AHS ?@NO> A:u v >F` ^D S > TL
~It>FIK]AEsA_ T _wIIV? ^Hu k"S _w]i?@AI[JeT ACNO> A8c N
^:ABgv v ` TkA8c D~
>,
T S I[J|? ?Z` AeL
^Nt> > T T I[IX? ` DF^ ^S ?> TP I[S ?F?BS YOQ/AC>FIn{^HQ kg' > T I[>IX>@T{^ c beB _[` ACL ?FS ?@>Nu ^> T S I#>_A/^?FJ
]I8D@AI[J D
^CI[?Fk[B v` > bX^?1c _IKIwAH~LiD@>FÎ[?F?@BB eu YOIVACB >F` I[AHDZvVD Qtc D= ]x ?@Q ^:$X]gIVT ? It` >ZL
A Nc BO> >T I ^Ck b c I[eD@>F] I[S?@B ? c ` >NB^:J
?@^
> T I[D~
B^Ckt^:>A kAHhEd^ Egbt^:B` ^j ?c B^HYkD ` A ACBg, JRAH>@> >FT ?ZA^:D@I1kÎ[?BY
> ACT YI I8J u c ?@BD@>> T ACI1?FIK]ivyI[?D@kIK^:AH?@>@eIKJACBg^_B I
>E c T jI/I > ; T ?Z?FA ^T BeIAC^CBk Q/W BgCJ
g?Q A ` 0 ^:AC?BgJA> j T c IBY u ` EsAH^:D@B>>> Tb I^3> ACT ?@?FI8^vBII[h:^HI[k#?e] S AC?@YHI ~
Bg?@I8AHACB D@c ^:e B c >kN^`:?c >eT eAH> IKJc D1c AC> >FT IXAC] > S T ? Ic} c _VDAC>DFcIK^:ACB >FIKc J D#]u > ?FT I[I[DZ?F_IK? cv1LgklIK^J ?#` > ACT BgIJ]> ?FT ^CI ~
>@> I8T _I#> cj ^c BBD@^Cek I[u BgTvoc DZ^HvXkaD > S T L^:D@IKI _w>@bXDKTQt^ 7T QA8h:u IX$XkT AHIEdEUIVDBACec BI1A? S ? Edc I^>=AC^]?]{EAfc I[LgDAH>@>^ ~
>@> EdT I I` j u ^Hc BkY > ` T AC^BgDFI J bXu ^HT k^ > TT Â8D@h:I IbXLgTIVI[^B3]gj I[c? Edc EUD I8T JIKvJ LO NY ET c >Y c T B>FYOB vc Bk^Y?1^:_?t^ bL
N D
ALiCBiIJ ] ; S ?Z?@IKA vVT QeACBi{ACQ D ` ) ACBgjJRc B{>@^tY > c T D^DFAHI B bXc BgT _[ÂCez?FBg> ACT > Ic ^j Bc B{^HY kbX> cT D I T I[I D c Y u >FT ^ >
Y,
SS ACB ?Z` J > c TAHBI +J|I cc >Bic JI[Dy`W^CBgk#J|> ?ZT A I ` b> T Î ?@EsJ' `^?Z> J|T DI ^C2 k ^
b ÎKB AH` EU> > T T I AHBg0J c ?@I b ` AC> >FT I[I?
uc S LiI[?AACBgJAH? T S BgA:v ` ACBgJ ACeT AQab :Q ; ` I8_[A S cDFIt> T S Ic j c Bc Y
^_[D1A?JS ]gAD@I[IKc ?FBJhI8AJAHJ
BgI8kJJ/^? ?@L
I[TN/ec e> ^Ch|ÎKkDF^JI?L
EU] ^:N S ?ZJ
? u c>D>T N/^C^kXDFACIKBi> v1J I Ed^c e?J
^] D1?@S Es^CJ ? kXc >>NBT ^ ^CI k=bee^] ^?FEG?FJ?>ZAHQ>EUN D {c DD Q
;A_VN _^T{?c J e c BbXYT >F^t^ >c DXT I#D@EsEsA A c b B c^CBka>LgT ACI>F>@EdI D T bXAHc >@> ?T c N
LAC?D AC` BgA J uc D, T ?ZIKA J S >Zb A:vIKAHD]gA^:_? Bc D~
? c _>IN c u D _[Ac BS D@D@>IKACJB
>@L
EdNNT_^:c DeJ
]I8EdACI[> >FT IKv[J
` > ACT BgACJy> DFc D^ A1c DD@>IVT >@>@IXEdIK]gJRI[? ? c S ^|EdJRIQo^Ck {c eQ u] ) S >~
>]iT I[I?k^:IVBg?@eJIK^HJ1k\>> TT I#IB]iI8I[_? I[c ^D@DJAC?F^CNk c ? ec >@]I[D S ` ? Lic >IKN_v\êA ;I[Do?ZA] T S e?FIXACLOBiN1A >FbX^ ST _^ TT c BAHY D
b? c J
AC>@IVIVD ? ` ` ACABiJD TT c ACD >Fb? c I8NOACAy]iL
^NBD >@` ^ SA_ Tc A Bc YDFNO> AT IL
N/AHB >@c^ eS _ACTEic ^BB Y bXTTc Dtc _ Y:TÔAT J I
^D@>?=A8>T Q I#B^:D@I~D@>F? c BY u ^Hk Tc D^8I[Biv ` A ,
S J
?ZAfL
N>@^ S _ T{c B{Y Tc D
6K:9:9 Q :$X:TOS D:> T :Iy] :S C? c} _VAC> c ^:B u ?FIK Sc ?@IKJv^B u > T IJ
IKAH> T
^Ck[v , AC] c BgJ{ACD T AHDLiI[I[BI]EsA c BI8Jy>@^1N^ Sa`. LgI[DF>^Hk> bXc _Iw~
xn
Lg6K9{IK^:JR?@6 BQ ^)eB>I[; TBa?I A TTJ

IKeIKAHAH?XAC> BgT BA ^ ^C`8b k\T ACA8> B
hT N cI1B{u eY?FI[_[ACEsACACB{?F> B? c I[h:c IK? I JRc bXB ^ T S bX^ >T{cAfc D_ voJ
T BIKeA^J >XI[BA; ?Z,ACA ?@AHT I] ec] BgSAHJBg? A{c A ~ Q
bXAT B^ I8ACc D\?1B{?@I[Ês>AHA> c h, IyAH] ^Cc k BgT{JcA D` eAHD ^:u > c T k I[T ? I ` bLgIKIV_w?@ÎKveA IVDu B] IKS AC?@?Iv?FAI[kEs>@ACI[>?1c h:> IT ` ?@^:I[I ?
JJ
IKA8_N
I8DKAC D@68I89 Jn{v Q `{;T I S > c D=c k ] T S I=? c}IK ACIK>FJ Dc> BT I=>@I[klBÔ^JJ1A8^HN
kD `> T u L I S u >Z, v AHc] Bc Bg^JB{ACIDoJ^HA8kgN > `T c I k
T% IXA8hJ
c^
BI[YyDhB^^:E >\S I8B
AC>>AC?> c T EdNyI c ?ok^:kEU^
Ed^^b JtIKB{J^?AJ _wb ^?@I[]{EdEUD@D I cìBybX> T T I[I > c T? I[T ? ^ Su > D@T IACQ >68^C9k[x v Q
u
L
IKAtACN]i> cACLgB>@AHY/IV> ?@TBg_c EsAHBACEaY? c}j` c J|I8B?@J/D@I[eDFL D@ACS IKBJ>@>@^:IVc ?KB? Q T^H6Kc kwD19 vXi_AyQEd^D@'> >FT I[?ZI[>AHD B`T{YcL
I[eN? `>@B{T ^ ÎfS >_ LgT{AHIKcEU_wB{Ed^^Y be IVA?FDXIJ
] AHIKS BgA:?@JJI
>c; DT ?I=J|A TIDZAHeeEdIKACJIBgAR_VLOACN >@D@^/>FAILiAH,|I?@S IX_[J
ACAH?Z>?@A{? Tp c DIKAHJ>FBg^ J*^S 8S _ kT>f^:?aLOc Dt>N T J
ACA I[>o>F,
?L Sc S eJ
?F?B
I[AB
>~`>^CACbX*EoTI[>@?c^ Edc IBu Y > eT bXI[ITB J
c _ ^CIT ~k
_; IK?AHA D@T IKeJ*p DACBg]gv"ACA DFS DZACDF>@Y:I[I? c >@> Ôc I[v D `|T IKA8?@Ih:` I[Bau T Q ^:Ed68N|9v7 kQ ^
^$XJ T` IIKAHj
?@>BT^ `b u Ed?FIKI[J
D@Y:>F?ZI A cu B
^H> k
^C> T k[voI >bXT c I BgJc BO` >FDZI[A:?@_Bi?@ACI8E*Jy^? ?Fc YO>@I[AHD B ` `> b T I=AC>FD I[S ? B ` `D@eACBgIKJ1AC? > c c BeY Iu AHbX?@c I=> T > T _I=^ b] S J ? S cBI[Y
?@v D `
^C_[ACk> _wc ^^?@B ]i` ^] ?FS IK?ACc E >N u Lic IB c Bu Y> TDv[IQ A68_[9 {SQ c D )c > ce^:B/^:B^CYk[v ACEdb EoIKeACEd^> J
T/IVcD#D^CJ
k=IK]_wEGS AH? ?@c}IK J ~
>@_ÊdIKACLiB I/T > ACT BiIJ
DLi` I[BD@>8^> kT Î ? bXT TI ^yc D] S ] ? S c} ?FI IVD bXTT c e^D@YOIVA Ek c BbXD c > b T IKIKAHAHEU> ?@T(> T bXAHc Bg> TJ
b]g^:AHD >@c I[> ?8c ^:Q B 68` 9 > T Q ^:$XD@IT IbXEdT IKAH^ ?@BT I8A8J/hIAC?F_wItê] S e ? cc >@>@IKI8JJLOkN^:?@AfL c kJ^J|?FYI[Bc h c A:B_Y> c J ^cB{DD~
L
ACBgNJE c Li> T I[^?ZAHDFIE c >bXN `T DFÎK_Lg?@IVIVD@>>1D j
c BBB^ I[b ?FD#> TL
IyNe IKS J>FAR>@I[LO? N/c BYA S u D@D>FAI[_? ?Fc IK> Jc I[D8>FQ I68>@9 DZ{v `Q
]T; SA8Nh?FIIIKÀCLi?FA>I[TI[? B c AChBgIVc e?J ] LOb SN AH?F>@Ic I[>FD?L
N _c D1S > ?@]T ?@SIIV?BOec}> ` I[IKB{JA D@>@bXb ? TS^:eACAC>1E=ACD@^B I8S _bXY ?@TI[T > >1^:c ^D@>@IB^` >LgTA I^ ; SeY?AAT J
T >FID~
eLgÂHJ
BgN Ayc L
DXN_EdIKAHACLgB{ACD@BgIKJ|J^BL
Nc BbYAH> >@T I[I ? ` b > ^T ?FI EGJ c B
u>@DI[AC?FBgeACBOE*N
^:AC?@DY
AACv[B Q c 68DX9 ] S Q ? c$X TIKJ I
L
ACBgNJ>F? A S S > DFT >@kI[S ? cEd>Bc I[I[DFD D ` ` > >T T I I c B
c Bi>FI[J EdcEUhI8_c J >XS L
ACN EuDF>F^ ? S S E=I8vXL
Nj
BDZ^ Ab _w?@EdIKIKJJ
Y:EdIIKQ AC?FB c BY
66K:9 :$XT
:S :T :C: c S
>_ Tc D Ic ^LiB û J
Q^HN k\>T T A8Ith:DIEsA >Lgb IVvII[B3?F]I[YO?FJ
IKAHIK_ ?Z_J EsD@AHcI B?@IKY? J> EUT >@IVÎ1D]Nk^:S^ ?S? c}> T T_VI/ACIK>AC]c ?t^:S BB{? c}^ ^H b k\_[AC> > T> T c ItÎB(hJ
AC^CI?~~k
cu ^ ^:S LDIKu _c >FBgDZACvyB ec eA:ACJ
>FIIKv=^Ck1> Tec BI[Y:>DKACQ E ` 6Y6:I[6 eQ D $X` T ACI BgJbXc ACD@B
IN
^:> ?ZTJc BA Yc Be> T A:AHJ
>IAH^CEdkE
D@6>F6 ^nBQ I) AH?@IY^:>FEG^/J|I[LiB3Ih:_I[EdIKD@DFAHI[BE D@IKbXJ TbXc _ Tc > T D T AC^ D b T I[DD B{` ÎKAHDF?@>Z> A Tc `BD AC` BgJLgIKb _wÂCe>FI[IV?KD Q
]>@I[S ? ?FI u AHbXDc > D TT I[b EdEdAHD>@I[AH?#BgAHJEU^:_B^:I ?Z` ACE Esc v j:`XI bXbXcT D@ACI > bXc T DACe> c A:DJ
]I?F^^CJktS D@_>FIK^J BI c B` AHb BgAJ ~
A^Ck D b c Edh:ACI[>@IV? ?Mu hAHI[BgDFJ D@I[Es v?@IB^:AC>?FÎ[D@BiI _ T > T ACID@I8J*Y:EQ c >F>@6:I[6K? cx B{Q Y30 Y?@^:ÊsJeAH> BgT JI D S c BEdhc I[^?8B
>k?@T ^:^:e D@I1bX> b T^ c _ ` T > T >I[T ?FII[kN^:?@D@I ]` ?ACAC?FBI#YiLiQ I[D@>66 ] gS Q ? c < IKJ^]{LO]gN I[? u `t> T c I1?@^:I[B EdI[` eL{I[?ZB
AC>@DFDD v `
]gACLI bEdI >@I[u k? ^:` ?> cIKB A:`_ T ACBg]gJAH?@EdIK> cA:_ JS EGe AH?S _VD@>=ACD@LgI8Itv ` _L
EdIKNAHBACEdD@jIKACJ E `c BAHI DXu eD S A8LNyD@>LgACIfBg_D SIVDZc >v ~ `
Au DF_ ^c J
?@>FDDX^^C? k[v=b E AHc >@I[S?8c Q J
D 6c6KDX7 L
Q N$X]gT AHIyD@D] c SB?Yc > _[b AC^y> c L^:EsB/AJ
]I[?FDXI[DZ^H_k? c LgIKS JDAykl^Y??ZAHAHD@EdD E
>b T AH?F>@^ I[S ?Yv `T kl> ^T ? I[e u ^` Lk^:I8?_>@DFD^vE c Jye> A:TJ
c IBY:^CDk L
b N^
D@^]{J(? c BL
j
N(E c B{]YEsACBu > c TBI[Ye > T bXI[c e > T Q
u
[h_6AHIV6 EUD@EdD@IKQ IVJ{EUD vt) u1>>ZAHACDZjeA:I[_D1AH? DZc}] AHEs_DA:IV_ACDIKBgv> JT L
I PN]?Z? A SS T ?LACc}L D c _V` BACACY > Bic ^:u J> BT ^CI[^Hk ek u v^:>> bXTT cIIV> ?ZT vy, ^:> DZTeA:I _A? T c} _ACS_ Bic ]JAHD E`
AC1BiACJ ? S u A8ACkBg>FI[J ? b u > ACT ?IJ
DZD@vf]i?^
c ^BBD Dc B{_VY ACEdu Ed> IKT JIVv e , ? bXS c j> TAHBgb J AC>F, I[??ZS vVQhA6e6 S Q DF>$XLiT II
__[EdAHIKEUAHEdIKBJ{IKv J , bX] Tc > N
T-A ` T >^:T > I b bXACc >@BIVB? ^` bXE cc jBI YHbX~Lic DFACI D@j:uI[> > T Iu ,
Sb ?@^
]i^|AJ|v I[` B> T D I/b ^_[AC?J?F> `
$X_u klEd^T^?>ITLe? c cDtACBB{Y>@B^/c BI[?DFYt]^H> ? kT c B]I#j
S Y:Ed? I?Zc AkN> c BiT c BvI[Ytè > EsT ACbXI1?FYc ]g> I#TI[DF >@b S EdIACACB
>FAHI[> Bg?Kc > Jy"c I[L > DTS ^CI#>ykae> Y:T ?Z^:IA ?@c >]BACS ?KAH? Q Bgc} 6Jy_[6 A^C~k Q
>b c ^:ACB/D T{^Cc B{kYD@e> T ACI[EdeEa Q S AC6B
6 >c Q> c I[, D j cc D#BDt]{?@ACI[BiDJ _? c u LiÎKLJ wIK_u >F>@^Dvt>ZeAHjAItJ
]{IyEGA:^C_kXIKD@v]{L
E c N >
kIK_[? AHAHSB?@c> I#>aT Ee c jLS IEsDFACY:>oB{?ZLgjA I1I[c Ba>F_D EdIK6bXACn c B9 > TI8Q Jy,
]gcE ^ Edc jtj:S I#BgACJ
_BgEdI8J ^J > b T ) ^
I[?DK^c
EdD Edh:TI[I[Bt>ZYA DFI[> u>S kAC? *LSD Edc I[>bXD v[`c > ?F) T ^
eÂH>@EdD D jS ` AC]iACE cACBgB>J I~
>Ze AHSD DFbX>ZACc ?> J*T3Q ; 6 I[n E"6 kQ ? )Sc >8eaEACc B BI[bXB3T _^yEd^:j
> BT ^ b bXD c > uT > T u ItAEs]gA AHb D@vo>@Ie ^CS k[D@v1>=N] I[S Ed?Ed^c kb N
bXb_^:Ôc Bg> ^T _ J T A`~D ACT e BgI[JcEd|EdD DF> `">@S ?ZT?@A Iy^b ?F^CB k#Li` IK_Li_^ ^:^b eBp DIItS AC] ?BgS c J B?@ItIc hL
AH^NBg?FJ NLg` I b c E Bc AHjY>@II[D@?8E]Qc B? c I[6 BBn:j
nEU_wI8Q/EUJ ^:P1> u TabX?ÀCc D@>^:D T ? `
bJ S ACB{>@IVY?Zv ^:` ? A bXT ^TSc >FD@I I1b L
AHND T D v b ` I[AHI[B-] c BI8YAC?@AH> BgT I[JB DFeu hIKI[AHDF? D@c I[BEsYvu L
c >NbXAc > DFT IK__^^ Bib J ~
LL
NS ?FD@B ] c Bc ? Ygc > Q S 6^ n S x D1Q E )c BS ÎK? AH`?@S> T ? cI[B{B/I `h:I[^D@?ZDFJ I[S E ?@bXI ` TDZc _ACTE c hT A AH` D#] LiS I[D1I[B^?J|LI Ed ^
Ed^|IKJJ
?L
_[c}AHN BI8BD@Je^>"L
IKN ACLg? IXuc >B{] T Y S I1? u c}kc ^:> IKEdEUJybX^ bXc L
> NcT BAHY
_Bv^ ^b > h:J T I S I[?B{u eYOL v S ^|` ?@J|BL
I[cNDB` YiD@h ]Q cd? 6 c QrnCB{vgjOL
QE c NB' Y AHD Bgb u J IVc > I[c ] D"bXc ]Bc >SY T ~ `
_u ^:^ Bb D8c p>S J ? S c B? c IyBY^?fAe JcA8EdN/j|v AC` BgL
JMN/B DZc_Y ?TAC>Z] vVc QBY 6 ` n 7AHBgQ Ju 0 LO^
N ^J_^v b bXD1TD@c _>ZT/A8N T c BAHY D
Li> T I[IyI[Bk^
]iÎK>Z_Fv j` IKD@JB{AHI[I>a L
IKN1JL ^:c ?ZB J
` D ^` ?tD@eJ
I I[ Ed>\EdIKACJ >oL
L
NtN _T ^ A b c ?1D ` ^>@? ^ S c B_ TDFIKIK_J >@D u `bXLgc > IwT ~
_AC^:DXe> T I[ID]u kS ^ ?@S IEsv=L
DFN/eDI[_[EdACEa>FJ
>@^
I[? I[c DBYBÎK>XAC?FEdIK> A8T h:Iu ^CAHh:B I[? u ^c >ZLv[wQ IK_6 >Znv1{J
Q I ) EdD1IKJEd^BL
NY
cBe^:>] S J ?@c I#DZAHD ]S ]iLIKDFAC>ZAC?vBi` _I[D@D ^3` ACEd^:BgBJY> Te ItS D@D@>>A cI8B/AC?@_[> A T S DFAHIKBgJJ L
bNAC> >FT I[I[?e LiIu J
AH^
]
I[D~
]J
EIKc _wIKEGJ AH?@cIKBJ_> EdT IK?FAHI[BID c > BT{Y c B{u Yc BgD AHu B >@^c eLgACI8>FvtIKv1] S> T?@Ic B>@Y^ D8Q ; ?6 A nT {eQ AC$XBgTAHDI` Y:> ^T J
AH>D
ubX^:c B TbXb T{c _ T v` B^ u >ZA bXc B
T > c DZvT h c D c LEdI `*bXT AH> T ACDtLiI[I[B u b ACD S T IKJ
L
NS > AC> B
T > I c >bAHN>@v^:I[?Zc ? ByJ ûAH^C?BgJ
k\J I[A ?; >F^1?ZAACD@T> EsACej:AHAHIDBg> AT LgvVII[Q IV> 6TB-nc ?@_DFQ^>e+ ^CkeACA1>FI[I[_Bi? ^ J
` btIKD S|J` ]g^:AH_ D@Dc D@I[IVB
] D@> D c ?FuBIKc BY v
>c eT I ] Su ]?@?@I^:D]gS IVL?Zv=D@>D@ACeBg_I[IVEdED ` `X_c^DyEd^ ] S S ? ?@` I AC`Bgc JRk >Zc > AHD@c >@DI `_ÂCEdBgEdIKJ _>FS IKBJe ^c B IKJ u ] bXS ?@c >IKT v
YD@^ ?F^ c S D Biu J*IVhQ I[?F6 Nn{hI[Q BgJ$Xc T L{I EUI#T _wAC^BieJe^C^ktJ ACc >B(N|vACI?@> c ]gDZ^:ACBD@IKJc DkÂC?"E b DZACA8N
EdI Dtc ]BS > ?@T I I `
eT ^:AHEGJ|?@j:D I[>u c` B ACBgTJc D klTÔÂCBgJJ{^:v Lc>ZDA c AHBE IKb JA8N
L
DN Lg>tIVYkl^Y ?c BSY DFbXI=T>c _T T AH> Ac DDF> SAJ
D@IVI[BO>>~
>@E c EdjIKIJbX? c S D@IEUI:AMQ 6KL x:c ?Z9 J Q bX$XTT I[IyB eT ^ IS >_[TA S ^HD@kI[DA Ab ^:k? eSc AC>tB >F^c DkAHAHE EUb EoA8N
A/D#_[]AHSEk ?@Ic D `
]_[AHS >Z?F_ IT I[^:DB-A> TJ
II[I[?8 Q ^ bX68cxB6 YQ ^C2 kAH> B T SIT e AHcDEdj J
` IK_wAHEGBgAHJ?@IKJ A(> J
T ÂCY >1bX> T T I I[B IVTD T I
uu ^HLik\IKAHACD@B>ZvACB D@Esc Aec BACEsLOv*Nj c _VEdEUACI8?@JtB c L
h:N^?FJ
^ ^S Y:D D u c ACDB ] c Se?FAHI Ed` DZE vc jÎ ?XbXL
c NDFI eu > I[T BAC>^Cvoko^CEd^k\b A
_[AHD@>@I u qAHD@N S v ` D S _ T ACD1AHBgJACEsAHDKQ 6Kx nQ ) EdE=> T ^:D@I/_[A8h:~
xx
cu > L c SI[D >Zvyu ^C> kXT ^> TD@I IbXLg^TJ

c _ NT v AHbX?@TIc _ LgT IVEUE^ c b IAC> LiT ^CI/hIBgA8> hT IVIE#BgACA8?@Ih:I[cEeAC] ?FIS ?F] I S ` ?@AHI D `
bJ
?@IV^:EUE=]DyACDt^Ck Igb _?FACI[>F>I[c ? ^:` BA/DD> TT AAHJ|>1^ kbtAHEU` EAk?F^_e^ bt> ` T A ITLg^^?FJ
D@N
I Q ` > 6KT x:Ix Q ?ZA80 N
EDc I[^CD k `
>>@TÎfLiD IS B] S` ?@J IS D@>F>^` > IKT AHI?@> >FT^ ` S > _ T T I Q bX6Kcx BigJ Q ` W ACBBgJ ^?Z J|?@I[Iy?t^>@B^/It_eEdIKAHS BD@>XD@I j
Bu > ^ T b I
^b ?FAHYO>@ACI[B{?1DZevL
S N DF>1bXLgTI c _ STDFSIKJ? c ` B{AHI#DACBg> T JfI[kN AHIKe_I[A8DXNACLi?FIXII?@IKIK _wS>@IKc ?@J I8` J IK` ACE ?Fc >jT I bXAHBgc DFJ I
c? Bc > c ?FI[I[De^C^Ckh > c T BIYLi> ^T J
I NOu Q ?@I[6Kex7 A Qc B .c Bc YEUNÎB{ I[S DJAHAHe> c ^^:BBD YO` vD@>I[b eI[I[EdBh:I ` Lc eEd^
]^|SJ ~ `
u
_> >TS T IfDI=I[^HkNk#ACI[>F>D >T `NIACD BgSBJL^:DFD@D >ZI b AC` BiI8IKAC_AC>I1?~ AH^Cb ?@kaItA8> T > TÌKvIy] L{T > ?ZbEdI[A I[Yc EdB e h:`HI `S c ?>FecIKBAC] I ?FS `D ?`kc AC> > IKc T IV_IDIVD ^H? ` kT > I TT
S I#S eee AHS^CB k~
>uu LiTAH]I^]J Êdc NI[?@Y
DZc B{vVACQYBIK6KL
AHx N(?@{> Q T ^vXB{% I > I T u?@bXACI[]IT ]^ u E > c J
c _[eI[AHD > I[c c ?FDÎ[v B(D` > ^C>@T ^/k[I vLiu IKEdIIAHk?@] >> vS Ta?@T` I AH`> BgT e JIS ACACD@EdB>t^S B{_DIEdIKL
L
AHBNN
cku >ZÂHv"? ]D@]T I[Ed^ h:N S I[c D@B{B I Y T u c>^>c EsveJ
>@I[I[I[?FDZB DKvV Q u u > 68c c >oxeD I[T Q DAC,
v Ed`SEAC_LiBiTIKJtvc DLiJ
>^^T S> TI1LEd] u I=T S kAH? ^:Bgc?\ J
_[DFDZ>ACvS > L
cJ|^:N I[BB
u >@^:ACD ?Z]` J]>FA Ed?@Nc I[B{cL{BIKEUJYI
kT ÂC? DXT h:I[^ ?Fc e J
IKc J>@D `S L? c S B>tIt ^:S ?=AkJ|AC?I8S _I[]D EdIf` EUkIV^> ?tTAHc DZe _I[` > A8c _kl>@DKI[Q ?68D xc ]{] Q c B+Y T b IVACB >FI[T ? I `
D@> ]T ?I=c Bj
IKEUJ{I1A > ` T AHIBgJ_[A8AHh E c b > c A8I[N
D Da` ELic j:IkI ^:bX?@cI D@IT IXbX>T ACI[j:B I[DT kI ^
^|c DXJYQ ^ 68c xBYyQ >@' Î[?F> IKT{_ cc >@e I
bX> T T IV^BJ|> I[bXD cc ?@_wIVI DbXLgc^]iJ I c EdTN1c ]DS e? c ^ >NS > T ?@*DF>L SD c >] A b AHb >@^:I[e?o> ACT B/?@I[AHIXBg> Jc eA I[D,
` S AHJ
Bg?JA
u
u
ET c D IKh:T A:IACJ
EdA:DZEo_[vV]g_ÎV> ??T Jk^:I c Bc?@?eYe>@I8^ÂJ
>_ TT IIt^HA:Esk_A >Zbt] vS ` ^:? D Bgc}T _ACI_[EdAHE*> ^:IKc ÂBB _ EdNT v[u DeQ T ^6ACB
EdEX9> T QLgI8D,
vyT S A8>J
hT ?ZI IAHD u DZ> bXAHT eIT c ^ ?I
)bXACDtT?FNOc> _ACT T BAC>fp J
Df^^CekXBIK^:AH>1A EcQ kD@AHN
6 EUACE D 6^` QB3AHBgq#AJ ?FE ^c > e]T D I L c `?u ^CJ
kk ^^
b ^|BJ AC^:>F>t>I[T?ZevIAHkkl?Fj?ZÂCI eY:u eA> I[T eB
I>FACDeBi^Hv ^ kSc eAH> BT ~
]BS^??FI bX` TBAC^>X?"A> T J IT I[T ?@A I[cDX?>F^H^tka> > T T I#I>@eIVI[^ > S T D@Q >ZA:6 _
T nIXQoI[q#B
?F>@Î[?]c D BYbXT> T c _ I#T e>@? ^ c S _Fj
> TaEdI `
ê ByS >D@T>XILikII[I[_>"^:^CBkD c TJ
c I[e ?FIKbXJT AC^tD1^HIK IVS ?@AHD Eb >@ÂH>@uI[b ?oAHkl^>@I[??tD c _]{^:] EUEdc IKB_wY1>@IK>@J^1^^:> B/T I[> ?@T D I `
Y_[AC?F^?F?@S N Bgc JBYK> AHT B
I[N1NO> ?@TIVc BgBJ
Y I[?c B/TcACeB
NBê> ACc eB{B] I[S ? ?F`{Ic D#Q 6>@^ Sx Q_ T % IKIJbXL
T NM^ AH`[BbXTc ec EdI ~
]ACBS ?FAHI Lu E ]gS I[> ?Fc ^D@^:B B`CbX^?oc > >T T^ c S B>Y
v] ` S D >FT > ACc BEdE
YLgJ|IK^_w^b eBI=> T ] AHS >?FI ^`CLc k I8T _I=>KQ ]i6I[?ki^:Q ?@e% I D
bXIKACT >=^ _EsT ACAH? DXc} hI8^Jte L c S >@>@IK>@JRIV?K^
?XL ] S S > ?FcYk IKu JM> T D IT AHAHEU>@E>ALg_FACj> T _wI ^` eACIVBgD\J^:A8Bgklvo>@I[A8? kb>FI[AH? ?ZTJ
ID
kT$XÂCT ? DX^ TI8S cACY e >@TIVB TbX` IT EUÎVe> A8T TNACc DeLiIT Âu BJAHEdEUN?Fc IKBOD A>Fc J|I[] ?ZN|_wb v=^ ACS] >F?FS I[D@?@?KI I i` bXLgEdAHI[c >>> TTT{c BcA eY b c D D^c ]e]?@bAHI[BaAHD_Q>@?I[c?#6 Li AIK7 ksJ ~ Q
>@ACI[Bg?JD@EdJ
I[? I[c ] Bc j B{c YB`Y DFbBI[ACI >FVI[c ? B{` Y E `c j:IKI AHbX> c c BD@IY ` bXD@T] IVc >FB > c TBIY ` c D>@IVYEUE ^ c Bc BY YS >@B
^>@? D@S > S> T J
D N `
> T I1I8:JA:Q :::C:
6
X
$
T
S
T
S
S
}
c
c
O
Q
#
D
>
t
I
?
U
E
V
I
#
D
C
^
o
k
g
]
V
I
@
?
@
D
:
^
g
B
C
A
o
E
]
?
[
_
H
A
>
u
`
T
c
c
c
^CT kA8hACI1EdEoLi_[I[ACI[DFB>@I[kD S EdACEUNBgJMJ|IK> _Es^:AC?FD@IKI1Jk^:>@?^_NEdÎKAHS B m BT YIKAH?#BgBAH^ B b e> T AHÎy>@BIKJ v=kS ^:> > T?Xc cI[eBDYI[^CD B k `
bACY:^:IKeJI[^BBQ I 6 ` OB{^:Q > ;Tc NtBYAYe c ?@S E D@` >XL
NtLiIAXJ
N:^^ B{S IB{Y c Bgb J
^:I[e]iI[ACBgB J
` IV^BO?>FI[EdN h` IVBtI[h:L
I[NB AHc BB
T I[?^ b B T ^ S DFIQ 6
Q W B_ T{c EsJ T Ô^JyAkI[eACEdIe S DF>oLgID S L
~
c D\IK_wJ
>\I8>FA^ J1T >FI[^ ?T kI[AH?o> T DFI[^? B`8D8c OBfA Nb ^ S^:>eT AC>@B^ e T I[S ? D@>*T
SB{D@I[LghAHI[?oBgJLi`8I bXc BgT J|I[I[B ]gT IVI[Bg?oJ
EdI[^B
?Z>KJ Q
>Li6 T
Î[> ? T Q `
,
uT
T TS I[IfDF?oLge ^ ACb BgS JBD@>X` AH^BBg?^:J >XDF^T D@BI[I[?D8IV
j/TOLOS >@NyD@^LgEdIKAHD@I[A8Bg]gh J*AHc pBDZ?ZY1vAH>@k> I AHT e TI[eIVc E?@c D@I[D IVDaT Ek=I_^:kb B
?F^^>@I[e S eEsJyT ]I[e> ?Xc LACkEdj:A8II~ Q
u
ASC6KY:7:>FI[I[9 BeQ D IVc ,|EdBOD T >` I^CAHke BgT JS I[DF?ZI8>v _ÂHT BE ^ b ^:S A8e DFN
I c D1T _[ÂHLgEsE IJyc BA8_ TaII[A I[c ]i??@kD I[S ` BgE _[J ` AHc ?@_> IEdS I[k ?@ShII[E Q ? c Bc6KB _7Ed6 IKQAC> TB %XIc B{c eYeTAC>@B
I[^ ?~
kbXACAHBiT > J T^:I[e bX?8pT DT I[IVB]i?#I[T ?@kACeI > c Tc DD@I[D J
?1c ^:I8eBAJ ` A8` ND TD TY IcI1h:D Ie T AHT S EdI[D@E?>^:` B{Lg^:Î[? > N3T c B{IVAH?DDS L{EdEd^:> ?@Bû >Y/TT c ACI[D=?D ebXT I[Ice> T E ^c h?@> NI[T DvVI `Q
u
>>6KTT 7 I/InQ ?@D0IKA_ ^:_c ? ?>cAC > > T_c II1^:BDZ>@AH^^CjktI1> T Li^CI I[kaB]' IK?F^:J ^?Zc _ J_wS >@?^^Cc ?FBkNY_>@?@Y:IwI8^
|AC^|>>FSJD ?@kuI[^D@D h?F> ACuS DF B{>?NOIACA8Y
>FN
ÂCAC]gBgAHLA:> ?v c c` vJ
ACIVAHBgDZ?@v J I `
S^?yDFIKYJS ACAC?Z> J bc AHIKBgJ{v J c c DyBY> D8T Iu _[L A S S >ZDFvI> ^CT k I u > LgT I[I >F?@T
^:S> T D@LgAHEAHBgu J*L
Np DZvy> TJ
I/^:e kACc B> T c Î[B ?
bXLiu ^C^c h:>> I[TT? DZc TB A:c_D D@?@IKI8bXAHJD@c ^:kl>@IKB3Iv[Q AC>@BgD `68J 7ACx^ E bQS >1A8$XN
^CDkXT I YD@IKc hT
AHI[D@S ^D DFB LgT òACACBgc ]{B J ] >c bXBT{I[cT D D@^ Db b>@^^ ?FIKEGJJTJ
c IKDACJ BibXJ T c klI[c I B ? `
>]T EdIKIAHDBS I?FI >8Q u IVEU68DF7 I ibXQ T I[$X?FIKT v ^ ` S ^:Y ?T J
J
I[h:IVD@^ > c cJy> S ^C>@kaIY:Ô^Ck#^Jyh c ?@S> S ACIE c ` > c ^:I[?D ` DFu I[NI[I[j >c vBYA
kT
]iA SI[c ?D@> kLiT ^:kAC?@S BgeE JIKbXJ/e c kIL
S QND@>68b 7Lg^7 IeQ _w4 I[^BB^yDFAHDZ>ZA:]gAC_B
AC? >F?Fc}EU> N _wu Ikb ?@` ^:^:Be?@^D T{h:> c T]{^ btI]gc IK?` JB{T
^yAHS DtD@kLiACADFAC>BgY:eJ
^DJ/S v[DF L
>cNkLiAAI
bXLiIc kI#Ig^:AHLgEU>FIVIKNOJ D Tc B I[? T T
I8SA8hDFLgI[BaACBgQ J 6K` 7 DT Q I ) bXckEdA E{c k> ^T ?Xk S > E T bXAC> c kluI ?FìIKbXACDFT ^^BJ
AHIVEUD^:c B?@I[IKDv
>@AC^B
N
J > b T{I[c B{EdE Yu >A8T kl>@ACI[>1?1e J
IKc YAC>T T >Xv J bXc D@c]> EdTIKAHT D@I[I ? TT
c Se DFLgbXACTBg^J ` >@e^
^S j DF>T BI[?IVhT I[AC?tBiJ
J ^ `
bXT I[T ?"I[I[> eT I[A:? _ Tc ACI>@I LiT II[AC?"E Lgc hÎyJ
Ny^?yL
NJ
IKu AE cJh Q c B{68Y#7 ^BiQ vo) ] >S ?FT I IV ?^ ]b EdIVIK?@AHD D ` S ?F?F^
IÊd>@I[D > `
^CACJ
kXBiIKAHJ AC> BT k^:? >SEdTI[c >>KI[?T L eI[S?AH>LiBMD IT A]gIk>@AHIVe > ? c SI[T B
D@I[>1> ? Bu T
^HIVS khDFI[T Lg?ACAC?ZBgI[J|h:J DI[TB(T c AH]eDDv I[J ` B
c IKD@> IVJ*c ^:EQkB~_6K^:> 7 T B
I>@Q ?@^:Bg5 EdACEUB
eI8> J c I E`
AbXCBiTJc _ _ T T AHu cD@Df>@I ]` ?@ACI[BgDJf_? D@c Li>F? IKc JhvI uk>F^^? k bXS Ec hEsI[v*D > bXT ACT >^ eT Â8DFh:>aIIg^B_IVI EUEdT
I[B
S >D@LgJ AHS Bg>JN
^_ T B{ACEUN
DF>@Q I68k7?F^{eQ 2> T ACI cB
?N3N:> ^ T S ^ > S TaDòACTBgA8J|h:DI^CYk ^:; BI?ZA >FT ^ eT AHIKBgA8AChD I[B bXT bX^ c > Tb ^ IVS ?@I>
_J
^:IKBOAH>> cT B S{^Hkc B{T YXIV>? T T
I S c ?oDFLg?ZA:AC_BgIJQ _w6 ^ B9 DFQ >ZAC) B
>Fh EUc Nf?@> ?@S I[^ eS AD c bXBDc kl_I T bXACTDF>@Î Àk?F>@IKIVA?\_ T> T I[ID
TeIKIVA8Bah:QI[B `6 > 6T Q ^ S ;"Y T S >D T A I b T Â8ehIACBB^/bXDFT ^^ B ` k?@ ^:S eDF>tEAc jJ|II[>D Tc ?@Î D@I>@^ _ T T AHA8D@h>FII
^CLg*AHBgD@]{J ? ` c BLY? c B{h Yc ^:DXEsAC^>@B IVD T IVT ?@I[D@?yIVEJkXS J >c N/D@Y>F?^ Ab _I AH?Zc J
BD > TT cI[D ? b u J
ÎK?FEG_J IKAH` D@ACIKBgJ{Jv EdT
^SDFI[DD~
TLiI[I[?Y^:]>@Es>@AIV_BI L
bXNc >AHTB^T > I[T ? I[?oT
S eDFLgAHBACBic DJ T u I[c B?@IXT B{IKÂ8> hI[u _Bi^v[B{Q D 6c J
:I[n?FQ IKJy. *EsA D@b ]k? S c BEsv Y `
BEd^^:B? Y1u >FJ
^t^
I[> DT I^HLgDFIV]Y? I[c >FB>@Y1I[?Liv I[` YB{^:^>@? >@IVc BgD=voA1^D@BIK_wAC^B{Bg^J > T TOI[S ?D@eLgAHAHBgBaJp D AHbXBONc kbXI T u LgIV?@IwI ~
]bX?Fc I[> DZT _? Ayc LgeIKJACBk^^C?k h Tc c ?FY > T S I[^ ?S D_VACb D@>FÎ e` I[k^:Ba?@Q DAC6 j c x BQ Y ,
T T I[I?1bX^ b T B^T
_^ S T D@LgACLAHBgc >FJ D
bXc BT >^/TLic D I[Edb ^B{^:?@YEsDyJ ` >@ÂHBgAJ Ed^ c Db I[_[?tAHEd^:EUI8BJ3I òAbX?Fc I[EdeELgAHI8?@_? cÎKeJ Ib _^:êB
>@AHIVB eu ]]g> ACc L{?A8EUI ~
]LgSAHBg?FhJ A` vVA Q bX6 c CkIiQc DX; J cN3D@Yh ?cA^_EsI8AHJ > c cBBY > TTIVc D ?b J ^:S ?@>EsNJ ` >@u ^ Ab k>@ACI[??XJ
J
D IKT AHI[> T? v=T
D S T DI ~
I[B
>@IV?@D> T I b êL^CkA[A_FjAHE ` ACBgJ c D>@^:?@eIVBO>FIKJ1L
NtJ c D@IKAHD@I[D
T?@u >I[I[TD ?tc ItJ

> I[]T D S^ BSu A8cY DkT >FT >@I[eD?#àIVJ
bBOIK>AH^>?^CTJ
k[vDv ` bXT ACI[c Bg>?1TJ D c T J
BaI[I[Q ?I8J
6 T
D S `7 DFQBLgIVAC,
hBgT I[J I ?yubXD@c EB Tc Y ^ T T ` I8>@_A8D ^hTB
I[IV>FBg?@?tv ^` EdEdÊAHc ?ZBgBJ JY `
cJ DS _[_AH> EU` EdIKAJkI[AReh ACc ?FEd>I S bX^ S T D ^ u _bX^cB
kIK>@?FvV^Q EdD 6 :T IVQ ?W > B T ^ ?@IS b Y T AC>@?DJ` ^CDFk=]gIVD IKS _ _ TaT ` _AH^BgB
J ~
u
BLgA_I^:>?@c B> ^Bu eDb ` AC^:Y
B ?@AEs` Jc Bhv1I[D A?FD@c BIK]J Es>AT{_wc BcID B> T IKE cIACk?IKDZv A:T T_I[?@?c IKY JTOT SI[EsDFD@A >LgbtAH?F`BgI[BJ*D T^ Q bAHEU6 BE=` L{AHSQ Bg?F)BJ cA> BbXbXc > _cT IkII~
^CTkac e IK `CS bXAHc E> T_VACuD@> >FT I I1bXDZT A:^_?@_wIK^J Bg J ?FS I[_D >@DS D@T IKIVJR?@D@kIV^:E?Zkov"> T
> T S I DX)ACBgY:JB cdJ T c Î[>FD=?ZALgÌklAH^Bg?@JI
bX> T c Iy> T k S > BT I[I?ACDEA` _?Y c}c h_I[cBACE > T c eI]{DZA:EUIV_e?@IKI[J B
>@ D8?@Q IVD6 >@^Q Tc % D A8bXh cc kBI Y/bX> TT
S^D J ` c AHIV>D
LgT ?@I/IwIVk^DZe v[?FQI S DFT6 >c e {BQ I[`
h:uT I['*If?c h eBc BIVA8YYONEdvXIKe_A:>_[AH_?@>^:?FT N?ZIJ ACc B Y
Yh:A Ic >@B ^ù Y:AH> ?@T BgIKI J/AH>Zu ACvR]Y
?@DZA IKAc _wB_wIK? J c}j c cBBi_YOI[J
DvEd` I ? S ACu >EdBgI[T J D I ``
TJ SA8h? cc B{BYY> >T ACItjIVD@B3I8_A^BgbXJMc k]gI I[`*? T c ^|IJe ^HSk D@T>1c DXJ bE c kI[IEdQE c B u Tc Dt^ b Bgv T ^ S D@I
A `W bXT ^ T ACD=> T
S D=E c hIKJA:_[_^?J:~
6
)
X
b
c
,
Q
>

_

I

~
i
L

^
@
?
B
g
B
H
A
Z
>
C
A

j
cA BYt ?@>@e^> ?@T I[I1DFÊsE A S b> c ^:c BB3> ACT BgIJ^:?ZjJ
I[IVIV?#] c ^CBk Y T T^ cS D1D@I^T ?FYO^:ACEsJ
B{I[D ?@D c B` eD S A8LN ` IK>_AC> j c ^c BB Y `
u
EdJAC^ Bgb b J I[v[EdQEu Tc ncB D Q >T +T A Iyc T?klvIV^B3bX?@IVTA D@>c >@T` I ^ J` S S AHDFEdBgI N TJ*^QX^:Es>J
LT IVD@It?I[?FD@DFh ^:I[c BI[B{D D#YT^H> kc T D TIu c D@D#? jS D@c EU^:BgIVBDv D Yb ` c ?>h:cT I[B{I[B/jOB EdLiIKT JII ~ `
eL
NA8Ny_ S ?@EdI[> DFc ^h?FAH>#> c >@^^B >` T AHI1BgkJ(^:?@ACI[EdDFE >KQ T{cx DQ Lg) IVLgEU^:AHBBgY J
c ^:BB Y:c D B`=YT ACI/EdEiek^
A8^N3JJ
?ZI[A ]gc DFAHIK?@J >
cABO_[>F_w^1ê> T ]iI=ACkB ^:c ?@IKI[JfDF> L
` N I c T > TI[?KI[Q"?Xg_^Q e$ eACj c c >@B> Yc B{bXY cT> cTD TbXc cezkIX> >FT ^ ITDc AD_DF?FÎKBJ D ` ^:?@I ?
u
e>ACT BgA8IVJNy?@I > YT` ^yIJ S cke^:EUN?@]> _T Ed^:I[eBOkl?@>FÎ[?@eB
^:>@EUE Dic> B?@T IKY It T{Sh c cc D"?@EdEsI8D@ACJfI[Y:BIkDFÎ[c ?oB
DKJ
>@Q ^^7 e> Q T I[' I1D@I[> k>c ^:_ T{?@I[c DZezDFA:>_^H?ACc}Bi I[J_w?=I[?FDZ> I[vT D `^c TJ
D@III
j chBiIJ
Y:D#?@^HIKkAH>t] S DZA:?@If_? kc}^
^_wI[J D A>X_[kl_w^^??ZJ AHc DZB{_Y/IV> >@c _^/D `> T Î? ?bXS c EU> I T/òTbXIVc ?@> LT D h` AC?@?^
c ^^ >FS D D `
EdTACI[Bgc > eJfTklc AH?eSE b c >KLiA8QoACN
>D T Q Ib ' IKc IVBAH> ? >TT cu eItTc I[D b h:TI[IKBACA ?cc B? AYc D@Bg^:j v? c BLc B?Â ?X> c T J
A1ItD >Z` eAH> >@^T>@IV?FI ?@B IKcT JBA YgcYO?AHAH?@^BgeB JI[TB
EUIVc>K>D
LgTcêJ
N ]i`:I[T?cklDX^?@LgeIKAH>?ZT J I ` AC; BgACJ E c ~T^Hc DXI[Bg? Ac Bc EdY D bXu Lic > I T c BD Y S S_ T Bg_kE^
c ]^]gJI8AHJD v[Q=T IQ IKAC' >FI[D > `
>bACT BgAH^:J >@D@I[I Y? `cbXh?@TI^
^tÂC>F_EdDe^:` eDtAHI=BgAJ_V>@^_kl^?T{?ScJ Dc c>KBT QtY/IV{?@>@e Q ^ c' >TI[ACc > YDI TACbXc L ecc >E cT Lg>N*IACaEdAHeEdEI[b Do> A8_TN
^c DB{e D c cBgD@T J> ^:c S B{BDFYt^>@?S ^Cc ?~k
^T SACD?J
c DBT{]c ]{? D c h` ACk? >Fc I[I[EdBgNJ|?@EUIKN _ cu > >Fc ^ Bb YAH> ?ZT J
I1DXACEdIKEsJv ` A{^Ck\EdI[_>^:EUTEdIKc e_w>@IKLiJIte ]gcAHBg> J c I[` B
IV>XhI[^C? k
E>@c ^ Lib I[?ACAC?E\J
DAHBgACJEdEBE cIVh hc I[B?tY/A_?@?FIKIKAH_>I Sc h:?FI[I[?1DKQ^Ck{Y Q c kl' >@D IV` > ACTBgc Je_^^Ce*I[]g? AC` DFA:D c_[^_Bg^?AHJ:>@I~
cBBI[Yh:I[>F?^^:> e T Ic >@> EGcA B{btY` > > T T I/I B) I Yb B ~cdeT ^:Ô>@^:?ZB3A ACbXBgc J> T k S > EUT E}~?@eIVI/^
^DZA:B _?@DZIKA:J _? c} ?@_wI[I[D D `
A>@C?F>I[D> TT >Itc` ]{> ?@T Î]iI[) ?1Y:> ?Zc A8eNOIAHQBgA 6K`9 AHQ Bg' JIV> > T T{Ic e1ACAC> EdS DF^?@e^C*ACD@I[N
?A > Tu DZI A:_4 ? c}AH jO_D IVT DZA8v ~ `
cbXACBD TcbJ _ S TI[IEdEXY?@^:AC^ ?ZDybJ
>IVTc?KBIQ D@$o]6S? 6 c ?ZQB{A8YN
+ACACBgBgc A>J T AHc BBg] JSA S?@EI >c jS YIebX?A B c c DF`BIACD Bg`X> TJ I/>RbXq1T{k^c AC_ ?j
TD ACTT DA8I _NOI[T>ACcc Bie_AD ~``
D@_ I[c ACE}k ET _VACACjDyIV_D Êdu Ed] IKS _>F?@IK^J J` AHDZEdI[A:> vTAHc BgeJ D@> I[T h:II[?ZLgAH^ EUEdc NEUI8J/]?@eIV]gI[ACD@?FDFII[D > Tu jIAC?DZSA:_v ?` c}AHD~
>DZTA:_I? c}Es A _ b c AHEXJ c h ?FIKc AH_Bg>@D8J

Q D ` 6 _n{^QBD c % D@> A8c hBcYB{Y^Ck^C> *T I[I?@IK]{J?@^> JT S ^_D@II ^Hek#^:> D@T >I] kS ^:?@?I ~
I[DZAHDF>Ed>`T ]I#?FI[e]gAHA8?@N IKJS DFIL
N > T TI#c e?FI[D@eIVEA kc Q BgJ
6KI[x ?"Q k^' ? I[T> c eTc DFeI[E}k IK` AHu >e hc I[IKY:J I[>ZbXAHLc > EdT I[Dv
kk> ??FT ^SACec >t>@D Y:`k^:?@> ^ ?@T I[b IDF>]{^~lkB3?@? ^SJJ
c >FS?FDKN_Q > Esc ÂC6 gBgBD1QJ^C' ^kI[? >] c S B T?@c IybeAC>@?@>FA8IVI[h:I[? ^ D `c ` J AC^ TBgb ^:JMI[B?FÎ[D Nc ` EdìDX?F ^
II[^D >@>@Ta?ZD A:`` _ACAC>@BgBgI8JJJ
ehIVS YDI[T >AC?@^
LÊdI[eDoDt_[ACYEdEd?FIK^ JbXv c B;YT
S ^DFB>@? c > BgT A I/` ACY:Bi?@^ J S ,|Bgc JY:? S u ^j?A ` I[AHEdD@BgI J1bX> T T I[I ?@I , ` EdI[> D T T I ~
e^Ck AH) B
>ZDFACh jc BgAAk? > S{T c I>8Q k^
68^7 JQ ^C' ktI[> ACDT_c I[e> c _> D T `=?@bX^ b Tc _ A T(b A8T N Ic kB ^:?@> eT II[?@eEdN^:_BO^> E}T ~
Ed?@IK^
_^:>F>@IKD J ` ` ACE Bic j:JI bXk? c SD@Ic >KTQ c D6 b Q ^'?@B|I[~> ^ ST>#c e_Ed^B> ^:T >I[DI8ACAH>tBgACJ B
TN
c> DXTchBI[Y Y:I[u >ZYAH?@L^ Edb I[D B `
Â bBiv1A8N]EdL
^ N/S Y DFT ÎKeJ I[Lgu EGÂHJ
BgN J` v `B^:> T?1^ ?@S ^
Y ^T>FDc >tACBgeJMA8kN ? ST c A8>h:Y:I?@^ Lgb I[IVB B3c B> T A?@^ h b c EB ~
Es% ACIY:I e` >A8T N/^ I8S ACY >yT I u c T> T II[?ebXA8N/T ACLi> IKvyT AC>FDy^?@LgeIVI[I[B
B>@IK_J ^
û jL
I8N J TObXS c B> YT I[? v[?FQ I ` 6 ^:{? Q
bXD@>FT^BAH>IfkT ^:AH?#DYLi? cI[BgI[JBc B? Y c ]g` IV^:B? IKTJc D1LON(>@I[IV> > c TeIe A8T NI LiI I c > TT c I[D?eeÂ8?F>ZN AC?8S Q DFI6 {A Q
hk% ^:IVI?D@D@eAIVE#A8eNtkl^Î ?B
c >> _TTa^:I[` EU?XEdÎKAC?f_w>=> YOc ^BACBgY > _wT IkI[^
? uÂbXJk>@v T IV` AC? ^>fT?Dc DS
EGA8 J{N A _c IVS EdDtN]ke^:A ?tIKDFACD>@Esc^:vo?@_I/EdeIKDAC^:S
B{BO D@> I T _ cD#u I[TB
^:c D>?
kAC^:L ?c E AMc >N N`CIKT AHI1?KQ e6 A8NyQ I %c > TA8hIV?Xc BIKY/AC>#_ÂHEd>XEdIKB _c>FY IKTJ > ku ^
^:^BJ EdNAv _[` _^^:? ?ZJc Bc B> YT It>@^ JA8TN:c D~
>I cc eY T I > T u ^QB{EUn N9 v Q ` ^. ?? AC>yT I/I[heI[?FA8N NkÊ c S h?@I/> T A:_[e_ÎK?AHJ E}c ~B> cY3e>FI ^3` ^:> T?IAH>? S I[Edh:I/I[?@^CN k
> T S IACB
E S> c Bg>NAH?t^C]gk IVTBgc ACD1Bgk_w^
I ^Ju 1v cACB BgJ
> ?T A8INOAHLBg? c A Y ` T J> A u c T EdNACE}kXJ c ^Ce kXc > B T c DITec B^YB
> > T T I v
u
u
>LgACT BiAHI#?@J EdEsI[ACN:c DFBg~>Y:_?J?@SI8A8ACIVN
ED DQc B^Hn Y k6 I8Qc >ZA.v _ T c? BkT ^:> I?@T >FeIB c J{A8Y NACT ?@> _wj ` ^^BBgT DF>Z_wACACI E}kwB
vVu >FAf
EUN^J? DA8S NT L{I1^:D Bec D@Ed>NA8Nv ^` B IKLgAH^ >#c^ Ed^bIKBJ ~
I[> c?FeD ` I?FÔAC^:Bg>@J D ` T ACA8BghJMIRkk? ACSEdEdc I[>B3ACEdDF^:]gB^:I B
ì>ZbXACB{TI[c ^_ T/S DFT EdN A8` hIyk^:LiEdEUI[^ I[bXB c B? Yc ]g>IVT BIIKJ ? S L
EdNI
^CACk=Li^ > TS I>û WBB>DFT> c I> S Y>@?@I[^ DS v#Bg^HJ k` ^?"c j D@T >ZAHAHBgBgJACD8J QS n:? nc BQ Yt' > I[T > ITJ{c A8eNI ^:c B> T > I[c ?1]>F?F^
Î EdE`
u, ^:A8?ZhvoAHEdBgI[AC> D Tuc AHe>XACD SEd>FBI[??@cBgD@AHI >@` I[ACEdNy>XeD@>ACc JBgJJA8NACBg` ACJfBgD Jc >AHJ
>X^ Db S BBDFI[Y:>Z^ vc B>@Yt^ ACb >AC> >FT I[I?
cIB]i> T^D@IXI k^:T?@c I[eDF>D@IVu EckaB>F^^:?Z> J
T IVI ?XT >@^yI8ACLg>XAC^C> k T IK v[h:QI n x ?@Q I[DW B` J D S S ? ec BeYI[> ?oT EdII[> ?A Tc cB
e N
D@c B I8ACbD@^:I[B>E _c hEdÎ > TS I[BiD J
` I[?=u > > TOT S IDZvy^]iYI[?BAJ DFS jOACN Ed` EdNACBgc J Bg_c B?FIKbXACD c c B
B>@Y I[?u Li> T II/J|?@? I[c Y:DFD@^ IKS J ?
^Chk[ACvBiACT{D c D#u AD SS BD@>F? I[c DF? Ic > ` c IVe DKQc JnHJgA8Q N +` ACT BgI[JB D T S IB{D@LgI[AC>> v T ` I[EdD1I[> AC>=Tc > eT I1^C> *T I[?@?tI[I E c ,LgA8A8~~
>T c AH^:?@BD DoT ^CI[?k b AHBgAHJ>@I[?T AH>F^t?@D T> T I[IX?#eA S ACD@B{>@IVI[?Dc >ACc BgI[DJf` > EdT I[>IXTY:^c eJ
D J
` ?@ACN BgJyS ] ]{?ZT{Ac _wD=> cLiD ^|c BJOY ~
cc EdB N/Tkc ?eACeD@I[IE}k Q/` A:n _[7 _Q ^:?Z% J c A8Bh Yc B>FY^?@> IVT ]gI1^:]D c?F>@I[IKDZJ_? c> LgT IKIJM> ?T S ?@EdI[I I` DEUIVA> _?FTIKc J e E ?@c hI[ID
bX^Bc > T ?@^
^ ^S >F>DA AC Bg?@JI `
kbX? S{c c> > T ` ^ n:S >Q A T2 ^ AHS j D@cI B{`
Y/bXBT ^ÊdEdINtD^:c ?@Ed>I[B
u > >@` ^ D S ]L?FD^|c _ D@S> c ?@BIKY v
>YT{?F^c B{S YBiDyJ >` T BAH^>t>XY _[cAHh? Ic B]YfEdIKkÂC?XD S AC?@B
I Ny` D_ TT I[ACEdDF>F>@I[I ? ` ` D@J EdbI[I[IV] EUE c cB{BYY^:AHB3>> > T T I1I?@Lg^
AH^?@>FID
^CTkac e>F?@I[?FIVIKDK_QI c n:h:IMQ AH0 Ed?FeêD ` u; Lg?ZACA ?FT I[eEdNACDBiS
AC D _u bXc I[TB
^>ZvfE c >@h^/I#D AHS DZ]v]iAH^DZ?F_>IV> Ec c_kD I ` ` Ed^:I[>?
k?Fê^> T I[? T ^ S D@I T ÊsJ
I[?FD1^Ck> T Iy> bXc _I~Lg^:?@B u _[ACDF>@I[Dv bXT ^
x7
?@> I[T D Ifc J

kI^:?@c I[B/DF>t> T eIfA8kN^?FLI[? D@c >8B{QY nu {klÔQ ^. J? vuk>?FTêI T AI[?@h e c Edc Es>ZACv YbXI ` T ?FÎK_J I bc h I[c EdBEdDY c c B >
Ic Bc > TAIVL{? ?@c ^Btj:A I[BT ÎKEdACEd^?F>b T IVJ Bc D T J c u D ^HTakg` EdAHIKA8BghJI[Dev `CA8c NyB IKu ACT>c DaI Bgc Y AHT j>XIKJ{ev ^ T S AC> BgT J k S ` Ed^:DK? Q
nJ {b Q I[$XEdEUD T c I[BtDFI> T AHI"BgkJy^?FÎ[> D@T >oI[J?=c Ê c LY:DFI[I[B
?@>@hEdAHN#Bg]_?I[ADX_e> c D@S I D@` >AHA BgJ ; c?ZBtA T ^:e?ZJ
ACI[Bi?A >@^1bXACT >^ ~
>ZD@>A S c BtJ
N_^:ve> T ]IyEdI[h>FIAC? u c S ^ BS cD#^BDAbX_?Fc IK> TJ va>@> IwT |I >FDu D _S ^:]BO?@>I[A ec BIKIKv J , ^c B/S E > ` T u I T I5 e ]gACS B
D@>~
cLgD IVT I[A:B(J
D ]`
?ZxA:9 _Q> c uD@)I8JD bAHBgI[EdJEgAHDFD> S > J T c Î8DFJ3I#L
? c N>FI[>DXT ACIBgJyDZAC>FY:II[D >@DZu v bXc D T{Tc c _ DZTv ` T AHA8Bgh:J I
L
j
NB^ ;b ?ZEdIKA J
T YeI ACu Bi^CAk ; T ?^ A S T D@eI T AC^BgEsJ
v Ì[?FAHD Bg`Jc B> T ^:I c?Z?J
IVA ?S D@>@>F^ I[? cc >BgN _` ?@I8ACACBgD@J I c B> T Î ?c ?~
J
J
I[I[?1>FI[>@?@ê Dc B{ACIKBgJ_> AHc kBgN/Jf> YT ^ I c c B?YLiD@^>FJ?ZA c I[c YDKT >ox^:6 BQ `C. c B?AEdI[B> ^T?Fc> e T ~IKb AHACD@>@EdjIV?@` EdNk S JEdEdc N ~
?@>@IK^/_w>?FcI[^D@B>8Q ` D Sx n{LQD c D@)> c B; Yt?ZÂ B T eb AHACBg>FI[A ?ÀHT BgA8Jh c A Bc Y/? `HYS ^:B
>t> c ?E c TJc D^CLik ^TJ
c DyNLgD c ^BJ
j
N D
L
IgN/ACÊd>@BI8IJ ^Hc B/k#> > T T ^:I D@Ib ^:e?@Es^|JJ|I[^CDtk ]; ??AA _T > ec DFIKACJB ` L
kN/?FI[If> T kI?@^:Y:e?@IKAHD@^>t?FDZ?@AH^ Yb I[D AHòBgc J D
keIKAHAH?KBaQ p DtxBgx ACQ > S ;?ZS AH>E#T>FI[A8?@h ec BY/^Hkw> vyT
SE c DkI ]ic ACB(D@DF> IKT JIM> kT Î?FI[> D@T> c`X?ZJT I]geAC?FA8>tN^Ck E c hu AI
>@AC% I[DXI?ACbXACB/LiT ACAC^DBg_AJ
I[k^:> >@cBI[_f?c BJ ]gY/S AC? DFACc D BEdcEXBYyACYy> >@T >k?FAI1^_ keT ^ eS ^:?@I[?Z> B
J
T >tIV]g?#>@AH^ >@?@^>Xb ^:^H^?Zk?FJ
EsTJ
IVc?EdDXN` IA8^: kL>Fc D@I[>F?XIKI[_^CBg>F*DK_IQI[?` c x AB{iksY ~ Q
DZu YA:c_h ? c}c BY
_IVv*DACEdAHeBgJ/D*ACD BgS JL*^CJ *SI[c B? cY BY:TD\c Dt^HkD@IVk^
B^D@I[J D ` ` ACLiBIKAH_DZ^:_eIV> I[c D _ ` ` >Y
c A ?@cI8BJ DabXL{E c c > DFT D
TA8ACk>c >Fec ^:I[?BaAH J|]TIK]ACI Ed> N TbXQT{T c ^/x:Dy7 D@e Q I[IVc+BgjODJT I[c >@> B ^ bXT u c>I > T T T IM^ ACS AHD#>>@]i>TA A cA8c BJh ec B> TIVYBOIt>1]g> A ^HT c kw?FJ vI[Iu TJ
Bic I[DACL{E=J
>@E DI[c LLi` >FI[EUIVDZ?v>~
D_c^B?j
JDtACBiJ
_^ I b bXB b c > AHT ?ZJ
> TD8QIyx? S{EUQ I `*% T A8A8h h c Bc BYYDFLg> S IVJYOACc IK>1J DF^> TBIyDtA_VIK_JÂH?D J c c BBYA>F_F^ ~
>>@T^ ITDZc DA:_AC?@IKL Jc E c Es>A N bt`"`T I/ACBgeJ A8T N3A8h J c c B?FIKY/_>^HTIVc ?@DIKJe DZc BgA:J_? c}>@ ^ _wI[u D> T AI_[_wAH^>@?Z>ZJ A c c B{B
Y ~
eD@I[IVI[jOB
D>t ^HBgkwvAHEg E Bgc LiAHI[E?ZEAHc >Lgc IV^?ZB AC`H> bXc ^c Ba> T Q ^ Sx > Q T A8) h c B> bXY1c D@_> IS ~JLgc ^:IK?@JyB(> TeIAHB IKbXJAHT D ^ `
kbX> I[T c?FI > IKT JyW ^ D DZS T A:>> _c?T` c}A8 DZhA_cIV_wBD?@Y/IK` JD Lic B>@I[j
^ YD^:> >@J|T >F^ II[bB(' B D@^:b ^?ZACB{J?D J
`^CDKkAHQ Bg_wx ?@J {IKAHQ bX> % Sc > A8?FT I[h ^ D c SB{u> Y# T]i?ZA8AHI[?hYOkcAC^:B]i?@Y/eAC> ^HIKc ksv J ~ `
bXT A8T h I[c ?FBI Y#u ?FT I[I]g^:Y D c c h>@IVI8DZJvy> ACT EdI#E DZTA:c _D?@I8]{J ?@^ ]i?FI[I[?FD >Nc B ACTDc e> T DFI[IE}k DZ` A:A _? ; c} ?ZA_ cT AHeE=AHkI[BgI A `
e?ZA:A8J Nc ACJ
B
I[> ]gc AHB ?@>L?k?@c Ed^:E ce AHBgT_cN D ` T Lg^ IKS _w^D@I eu I ACD1u > ACT B/IAC]iD^_?FI[> > c c ^_VBiv[Qv#x^Hk Q T{+ c e ^:?@bXEsJ
T D ^ `
?@TIKc _D c T>FI[^ D S DFu >I T u I1AHD>@IACB>FDAH?FDZI[_YOI[>AHc ?Z_[J v c` BAY
kv>@I[; ?"?ZY A c Th ec B{AHYBAAC]Bg?@J^:e J
I[c D@]gI=AH^C?@>@k*D=DZAkl?@kÎ[>e N
>@bX^T ACÊdezE\_B?F^:IKAC>>F> IKT J I1LiD@eI c BACYEdEdD8I[Q1D@> J9 AHQ B0 YÎ[?X?IV> ThI[AHB >#>c DXbX_[c _A IS ~D@LiIK^JM?@B >@ê_?FAHIKB AC` >FL
IKJN
LgT II c B{c D=YkD ?F` I[> IKT JRI[?@kI?F^bXe c EdE
TLic D=I#LgB^^tJ
JN
QoAHB Y6 I[Q\?qk?@I[^:]ieAC?@AC> c B
BN Ytu kl ?@SêAH?@>@TIVc?ZD v ` T A^ kS >@D@IVI ?
kEdI[S > EdEdTNc e]?@^Cb h ACc BgJ
IKJ
J IV?bXACc Li> T^ S > >T AHItLeD@^:I8E ACS B>@I[DXEdNt^HkD c] EdI[S B
? c}> ` _[AHAHBg> Jc ^_VB AC? uc BA8Y1h Bc >@^:?> AT v ~ `
cTBc YXek^:AHE?ab I[A8B8N
^CD N
b eACI[BiB
J
>@I[D?> ACT EdAH^>oB{eI `8A8bXN#c > LiT I=^ ^CS *>\I[AC?@B
IKNtJ _u ^:>@êT]gc AHeB vVc ^QiB O`Vnc QBf' Î[?>~
J>
T I[I?XD@>F^:Ê cAH>>@AC>Z?@A N c B u eu ACBgB AC`HE*bXE c T LgÔIVvo?ZACB{> I c c^> BgT v I[` ?=k klS ÊU?@EdNDACS j:BgI[DJ
IVB{?@^D@?>ACc BgDJ k^c B{?FDZYAC>j:T I[AHB > `
YOA c B{D Tc D#I[BgJQX x Q % ID T ACEdEBI c > T IV?]i^DFD@I[DFDtA ?FI ` B^?1A
u
iLJu AHbIKBgv I[JcEdBgEv1c JB{_c Y ^:*ìBgI[T_?@I[IVIB
BO>@e>o?>FACA8^X>Nc I[B{hY:Y I[^?FT{N
>Fc^/> DTAec BhYc Bgc `8EdJREsAC?@^YeB I^Ck; ^k?? ] A S TT{?@ec ]iDÂCkD@Ba^
I ^QX` J :e` gIKQ JT )cI>ACD ]g>T c ^:ACB{>EdY ~E
DA T I[J ?Zb J IVEUu E c c B{BD@Y
>@v I8` AJ_^
^CACkX?@DFACI Bb ACÊd?@eB|D~^~LiS ^ >b Y
EsACv `?Fe> T I[IyB
>@?@D ^
` Ê>Fc DtklI ^Ckc B3>F?@DFI[ÎVE D c > uS kJ
Î?
^>@AC^ B{BiIJ J bXc c I BgT ` J ^ Edc I[*T> I[AH?FTDI[c BgeAH_>@I>B{A ^c>@B^>IKb JRJ
ACIV?E D c J
cLi?@DI[I?ZI[AH>@h^/> IVc ?@Ê N
cBh> QaTIoc B7 EdYI[Q > ` ' TACIV?@c> eIT>c b eT I/A cB{>1e^k>XAC^:?FJ
? jOI[DyuD Tc ?F^Cc IDk
^CL
ACk]{N ]gT{T^ c cD c D1B
b>FD IKc ACYJYT vfIV> DK>` Qc eEdI[
> I ` TQ ACc eD' I[AJ
> ? D@cTI[B{c?FjehACb B
] AH> S >@>uI[b ?1J
A ]^ c bS >@DZ? B vc} kTIK^:Jc ?tDtL
>klTÔN I^:u>tD@]g>@] A8?SN
A ?ceBc} cI[BIKB
JY >
bXTc c e> T v=j:I[AyI[]_Ed^T> cTD ` TEUIVIK> AHT?@>c e ] S S ?F>FI>@QI[?X
DF]gQI[I8_' T I[> ] S T{? c c}e I8]gJACL
> Nc IVBO>F?>FSEdN> TaLg` IKEdAHI[?>
TLiAHIK_?Z^J eb I/^?ACJ
B
D N
` LgEdI[^> J
TN*c p eDIVB{BÎ[> ec BN D Sk^:Ed>?AC> B
T N
ILgDZÂHJ
jN I` AC^CBgktJy> TEdI[c D > Tu ]ic ezI[? c BD T^>~
?@EdACI[IVL{> > EUS I8T?Fv1c B/eLgD ^T BJ
^ ^:N
b > QSACOB>@>FY:Q I[I[?y?) ` D@Y
]iEUIVA I[> c IKB_ TDFTac>e` ACJ|B3LI[EdhI[AH^ D@BcD JYbX?FN/^HT kI[e>FB ? AHS T B> I TaEdcI[` D#> DZ_ _VT{S ACc ?@>@eDF>FIKI[J?@BI8`^J>ACBgACc BJ >
>, T ^ IS E DF` I[Dhc IV>FB> c BY
Y AC>Fu I[c DKBQ> TOI{Q3]i^qDFI[> SE c ?FY I[T D> c ]B?@Y IVDZc _B ? c bXLiIKT JAC>yL
N?@Ik> IVT ?@I D >F^^YO> A:T v I `
cD@BgIVBJ
DI[S]iAHI[EXBgJ|I[I[BKB
^C> N
u e^HkaI[B
I>@D>@I[`?FbXBgcAC> E TT TI[Edc ]gev D@` I[I[E}B
k=> kc ^?@I[? EdNT{c ACDfL^DFB>ZAEdNc B _c B^Yek]g?@^:ACB
e ~
cE ^c LgB I[`H?T ACI#> c ^:D TBgACv[EdQ EiE7:c h:9 IQ c 4BI > c T{> cT D I[b?y^:L
?@N EsJ u ` IJ
I[]D Esc A ? cc BB{cYtB>Y
T v#I]{L?@E^c JD@D c Y u c ^CI[k D ACBgBgAHJ E
^Y ec h cI[BBYD ` A:BJ
^:h ?tc _wIL
NAHBgDFJj c EdL
E Nc B3> T AHI1D@I>@?F^]gEd^:^DY:c N> c ÂCB BiJ u ^H]gk\AC> EdT e I c ,DF>@AC?@D@N >F` ?ZAHBDZ^v ?y` EdL
I[N >
T>@^yc ezLiI[I[YOhv"IV?XY^yD@I[BI[IKjAH>F?Â ^:T L^ >ZSA cD@BI AHEdEdeEdIKJDKQ bX7c 6 > QT' T I[I[> ?@e Tc c e>FD `
B; ^>?A u T c BeÂC?ZBgJ|AHI[D ? `
LACBic ?ZJJ|D Li` IKJ|AC?^JYD Li` I ^:c B?Y^:_w> ET c I[]?]iIKeJ I[` Bg_VJAC?@c _[?FAHN B
c B{>@YDKQ ACB7 nACQ Ede%XD~c DLi^ T b A Ec ?` ÀBgD@>ZA Ac Ed D ``
>@hAC?FIVBi^D@JEdD@E IVcA BEUDobY D ACT T>FACc I[eEd?E~D@B{]iI[^Ê}k>*> `LiAHEdBgII[J/>eTB{A:c ^J
e>Io^C_T
^:kOS BOe?F> > I[cc BB>ZSAHY/EAC` ACEd>EdB
NT NI[b N1_AC?@D BiIKT J
AHAH>I[EUS?XE:?FLgACIILiQ k^ ?@S7I[x>I`Q k_?@%X^^:B|e c D~
kb ?AAC>@_IV> S? ` ?@I[E c D8j I c > u > c TD=It^?Z_ J{S A ]c D B` IK_[JyAC>EdEdT IKACJ>=v=> 1T ACIVNeDAHT DZAHA EU` EiAHLi>IAf_DZEdIKA:AH_B? c}D@ IK_J I:QbX7c > iT Q
)^CkaYDF]^ SE c ?Z>J _V` ACA BIb `^
2 ^J
ACI[B BSa`Li> ^ T b IE `D@ÂHBB^HIKkAH?@, > hT A8I[NOB AHeu J Lc D T
T Sav `[` T ÂC?oD^:J
BI8IX_eEsACA:?@I8J
J I
u >F^LgI8vyhI[DFD@I[EdD u u D Sc >ACL` EdIKvfkT^:?c ACB(ACDZ_wI[> c _CQ 77 Q ' IV> Tc c e
YEsAC^y?FY>@IX^y LiS I[ACYB
^:> Bgc >_N I u ^HAykAHJEUA8eNvDZvV[EdI[kl^> ?ACezBACBD^_>XI[> Lic _ I#bXI8ACT Y^1IVIK?XAH>@Y^yI[?FÊdLNt>D@A I[IVBjOAD
+]iACEdI[eD@T >FIVD EUB3I` AHE Bc >@IV^/>ZD\A:DFe_ eT Î[^:>D jc ^:TIBc eACEdI[DZD@D@_wD IVI[`CEBgk#bXJ
ACTDyEdI[DFkB^?F^> >Fe T ^/IXD@uI[IV> eBT DILiS I[jAH?@EXcD >Z_I[T TBKA8IVh^CBgIXN
v Lie`"I[bXI[I[B
BT >@I[DKIB3Q> > 7 c T B
{I ~ Q
Y> T S{Ic D T?@I[IKeJ `:BgbXACB
T >@I[D Bc > B T I#> T ]iII[^:J ]c DEdIT I[T D A8hT I A8h IyB c LgD IVT I[IKB3J?F> I[T eI c ?^Ch:eIKJI8AC` E Ed`8I[bX>tT > I[T B I
T>ACT{DIy_c B{I[^>YOLc v >_` A ACEUc IVBE >b DXTA8BNOc ^:e Do> Y:Tu ^tc AB_[>@Y _^tÌV]LiB>ZI[^v"Yi?QD@?@^t7Ie ^ Q c S _' _I IVT >bX^TT B{cI[EUezBNyACBT D ÎybX>^Lic LEUIXE{>AD D@Sc^:BDF?@D>Z?FA N u c D@BbXêET c kI[II B ~ `
Ed' I[IV> > T{Tc ec e!B^:J >#c DZJ_[ACA ?Fc IBAHACLgEdE ^ S u k>#^
>^T JI vyu ^: LS >ZAHA E c c B{>NIKJ ^Hk c BTc _wDZ^v BS DF>@IKI[ BS D I[c EUBgD8_Q I 7 ^C{k Q
T
>ZA S c eBIKLJ EdI BgDACAHE EaS E>c ACLg> I[c ?^:ACB> D c `^:B u kl`
^c ?ZD#vyLiIV^ hS I[BiBJ ACu BbXc AC> TD_I[> T> c I_ kbXI[>@T >FI[^ ?@D1T AH^HDk> AHT >I ~
T
, SAHeeDZLAHEdI#?ZA:Dv1ACE L
S N>ACA> c_V^:_BI[]DKQ> c B{7 Y Q u ;k^
N^JIKACY> cc Bh:I[YBgE v c >@c>FBEUI ` _wÂCBBiDFJIK L
S NI[BgD@>_ACI BgJO^C~k
x
cc kBY/> T ACI[BgNJACD ?@c I >@> cACB{>@Y>F?ZA:c B_>@IKD@^JE c >L

S N3J
IDFI[` BEUDIVS > ACTEtc e^:L?@IKIV_D@>F>@DK?AQc B 9 T{Q c Df; D@I[N(BDF> I[T D I `
?@>@I[?FIKDF>@J ?` A ACc B
Bi>J^CL
k NTc> DT D@ItIVBACLD@I[DFD >@I[` B
L
> Nc ^:> BT I#k?FJ
Î[e DF>@?c BKS _S > c? ^c BBYt^C> k*T EdIt^Ch_IX?@IKACAHBg> J S ?FT I[A8D ~ `
T> T IyI=Lg>@IK?_wAC^BeDFe IVD c Y ?AC>1> kc ^:^:?BD*c e^CkieeÎ[?FB >ZAC` E_[c A>NOS Q1D@I8 Jy6 LOQ Nf' > I[T > I cT?oc eD c B
?@k SI EI8J
_I[>IKJ
^:D B `
^b B(^:?@>EsTJI ^Hc ?k kAHAHEUEec BA Y ` c BOn{>FQ ^ . T BI[EdE > ` T IACBiD@J3IV]g^:ACB?AC>> Tc ^:I/B >@k^:?@?@^:eeIVBO> T>FD I c c?B(J|>IKT ACI?
^]gB^ IVb D I[` ?FÎKBtJ> L
T N/I c ?ACYS IyB cAC^BgB JbXLic I> Tfc BTYAC>F>FÎK?@J1eeI[B
IVB>@IK` J ^BtbX> c T> T I c ?aJ cLiD@IIKc AHBD@Y#I[D ^C` h: I[x?~ Q
.ACBgB/J > cT >@IyDyJ
BI[I ]gb AH?@L > cS ?@?@> IT^Cc Bk> uT ACI B{^c Bg> JT cI[h ?Zcv J Sb AC^:E*eDFL^ S ` EACkBg?FJ ê^:B > Tc >@c DD Lgb ÂHJ
B
N ~
J
. I[B? c >B{T YI D=c > B T i?F^c _wS > Yc ^T B>F^HI[k\B]g> A T c ^ BS ^:DZAHBBgI[Jee Li^c EdJ E c c ÎKB{J D\u ^HD@k\] cI? c >Fc D@DZ>Fv I[`
BgbX_TIVDc _` TCic D Q
_[_[AA SS D@D@IKIKJyJL
L
NN/J
> IVT eII[AH? >@c >> A ` c ACBBgeJfIV> BOT >XIX^HY
kA >c ByT I ^Cc kg? I[T{>FcI[Y ?@T BiI[ACDFEi>LA E c c DFe D `C` bXu YOT{A c _c B{TyIKc J D
>TT c e?F^ S ?@Y IKT_^:vyYD@B ] c DFc ? I/c > >S T AHIEXDeS I[L? > c c >8EdIQBg AC7 > Q S ?@; IN(^HkJ
I[> I[T ]IeD S IK]J ?Fc I[>eAC> I c ^:, B^ EUS IVE > `
>EdACI[T Bg> IfJ T{EUc^ c >Fe b D#I[`]DF?F>>KI[T QD@^ IV:S BgY _Q T I $ cL^ BEdI[bXACe EdT Ec ACD ^>FT ?@I[IKY
hJ ACIVB?#u c L
^DFeN?J
D I[A ` ? Lgb T ^:AHIt> BOT e>y> A8^CT Nk1I Li> TT Ic IY AHT I>@I[>ZDFA:>F>_I[T?@AHBgIKBgJAHJ E `
e> S AH?FI[?@j
DK DZv u ` k^k ?S vE > E T ITc IDJ >FI[S ?@>BgN AH` EIKe S ACAC?FE}j ~e u ^Hc BgkJ
> IKT J I>F^^ ?b J
I[AH??Zv J
Dc DACB{EdEX^>1_?@> I8T A8I ~
u
^CN_[AkaI[S>> D@T > IXItT ^CI k u AHEs>>ZACTAH>Fj>@II[A1A:?v>@_[?F J|I[SIÔc IVD u cD#> > T c B^:I^:Bt>#_w^CEULiI8k[ACIKvo?_ec ^BeI[YH? ~Itc B >KSEQac >e:v] eQ c J $XACj:Tc BI[^ D S _b Y^:TBAC>@D@> IVIKT ? I=S _kEdIV?IKBgSAH_?c I > `
^C]k#?@IV> D@T I[I?FheIyEI[c B
h > c cB^:YB_^C?@IKk#AH> > T S I ?FI[uD k` ? S{EUIVc >>8p DZTvfc eBgACACeE b IA8QN
D=L
Q NMWJ{B3A8N^?ACJ
BiI[J?L
>FN^
BB cc YBTY/> >` T I[IhIVYB ?@^ bXS c Bg> T J*Q]gA c BQ >F^ W BTc ^D?ZJ|LgI[^?J
N >@^`b IACEd] j c ÀC>F_[IAH?@uI> k TS I/EdEUNJ
IKDAH_[AC> TB
v~
^CJk1A8N> T ^:^:?#D@I/L
N_?@B I8c ACY > T S > ?@` I[DACBbXAHTDZc __ IVT(> c _tT I D T S ACB EdEc B
Lg>@ACI[B
> T > cI^:BgACBiACEdJEdN ]gcIVBK?k^:S ?@?@eI[DD L
c N
D> ST ]{I]L?@?@I[I8DFACD c> ^T B{DI[h^CIVk#B >` T ]gIIV?Lk?F^:IK?@ACe> TI8JQA _[9 _Q ^:?Z$XJ Tc B?@Y I[I>@^D S > ]T ]{I?@I[? DFS D Edc I^`BDAHBg^CJ k
A^Ck1_[_w> ^T eI/]iDFACN
B EUEsc AHIKJLEdIbXc . > T e > ` T ^:I Bu I/?@IKe _ c >S ACDF> >c ^:j
BB^ ^Hb k> >FT ÎKvLg#IN
> A T T I ? c T{> c c DY T AHI[BgDFJ >
uc k^:?@eS c ^Hkwc vA S DF>@I[? c >Nkc ^:?XI[hIV` ?@N ; ?A T ec ACBgT A{Q 6 Q 0 û ?#AHDX> S T I
BgACe?FAI#_w] IKJ
v I[? ` D@>>FAC?@?@I[^CI/DoN:^CIK_kaJy^:Be> DT I[S ?F>Ze^ AHS EUIKE Y J _"T ` ^> I[?@T hIVIXIVD BD SeDF]ÎV]EU>F?F> IKI[T D@J ID c ^B>AB>c B
^H>@I1kDy> LT ^CEsIXAHkD@L> > T?FIKI^CACk> ^T A?FYOQk ACB{n{?D~ Q
LD@' I[?@I[B{I8> DACST> TAHc eE#` ACu J
>>@T>IVAD@I>@_ ?FT ]^Ce?@NÎ[J > B
TS >@Iy_wDy> >Zc LOÂ N B(c B
?@>@^CIVD1k[D@vy>@> ?T DA ?@c c ^B3B S c BL
Y TYN Du ST]{c IKDy]J?@D@I[I[ACDFB{>FD D@>@c I[I[^DB
B{> DACc ^:Bg^HB Jk` > ÂHT ?EdI ~ E
YO AHx BQ DZ' v I[` > AHBgTJtc eAHEUE?FIK _S ^:AHYE B c > c cD@I[IfDaLO> TNAC> >oT ACIt?@I"]?BA^_>> cEU_^:It?ZJ
^CEdkoNeLONIKJ ec >IKACJ > c c >^:ACB> c > ^:T BaI Q
]j c?@Bi^:J
YD?FI[` D@u D=Ay^C]ka?F> ^T Y:I ?@I[c DFBgDZJ v c hT c AHJ ?ZS JAC>@E
^ D@^ S S BgEiJ
> IVT ?@?FD@^ >SACYBgTJLikÎ ? c BS YBD?F^HI[kaYI[hB{ACI[? ?Zc ÂHS>@I D
eBgACI[> BS Q/?@IXC^HgkaQ > T % I I b bX^:?@T Es^Jv ]i`C^c DDFD@BI[^DF>"D@I[kDI[>F> >@T I[I?FIKJ>F? SL
IN Tc B{c DD c J
Y TI[I8> J
uDKc {B
L >F^/S > > TT II
bX^CkaT L ^ c ?Fc >D#T J
DXI[ACDFBg> c J> S J
>FIKItAH^C> kT D8> QT AC >7 Q c B; D cNY TB>^`> c cD#BKJ
S ?A? cb B{BYACc B
B
>FN^_> ?@T IKIAH> _ S c ?Z?F_wI[EUD I `
L
> T NIXJ
? IVc >Z>@I[AD=_ T]c ?@BIVYyDZ_> ? T c LiIIKDFJ I[Bc DFByI[D> T u Ik?@^:eIKJA ^:`LAHIKBg_Jy>FDXL
N^Cko? I[c YBK^^C?F^N
SeDFIVEdNBO>]v ?` AL
_FN ~
> c D c BY A S DF>@I[? c > c I[D ` u eI[BivtY
A c B> T AH>D@>AC>@I u I[hI[Biv c B3> Tc D
u
>c D bT IT Î[?F EsEsh:JyJIXv[>@Qo^:I[EdYI[I[e>~:T I[I[B
?=Q >FD LO' `:NfI[bX> >@T I[TI[Bgc ?@eJ|I1^>B T SD I#c u >cLiB> ^TD@B>Fc IKIVD#ADJ JRAHb ?@^CI[IXkaEdE> _c T ^BI#?Y J
`LiDZ_IKv ^:ACèebX]iTD `:ÎV?@bXD@I#I8TJ> c T_ ^CT I k
bXI[c D> TT >ACT BgI/J DF> j T c IB `LbXEdÔT^c J_ T3AH?@c IDyk> ^ T S IE}~eDFe^:?@I[>ZEdEAHc ?B`Y bX`*TEUc Ed_ IKT3J c DbXc > > T T3AC>S _ ? T c IKBJ I
ACJ Bic D@JI8AC^D@?I J `S T ?@AHI ?Z`*AHcD@B
D@I8kI[JyDF>@LOIKNfJ]gL
A Nc B ^:` EsYJ/Ed^
AC^Y:eIN ACBgbXJMc > D@T ^]g?F?@AH^ D@btD c ^:` B> T ` IAHBgDFJtIKAC]i>1I[^C?~k
cACD DtT AHAL>@Ed?FII[QoI u > Q T % AC> I bXc DT >@^#^:?@EdBIKA8h:k?FI[^Doe> Tv=c Da> T LiI^J
? c N h:` I[u ?Lg~LgI ACc B{>j LO`N1^B? I8_u kI[?FD@I[D I[c >EdN|Nvv
Eu c ^HjkI> AT{c LD c b?ZJ ^?Fu EG> J T ` ACJ|>Zvf?@IK A:S{J:ck >FS DtEAE c j>@I8?FI[v#I A`c D D#T klAC?@?FI[j*IKQJkl{?@^Q e2 > ACT j Iyc Be Yc ^CD@h:I[?FI[N ?
uu > TT IeSI[c ? c >t^Hk T{Tc c Dy^ b cBgv1Y:^
^|JA:_> Tc ^:c BDt>@^ Tc c Dtòk? T c I[BgJ
DACc BgJ
>+>T ItT IIVI[B>@Y IVLO?@BgNfEd>1AH> E T^C;k[I1v ?ZJ A c TD@]iDyeÎ[AHD h cB> Ec L
^:J
NB IV>uIKT^CJ
kItDT]>@c ?^D AT _IK> ACcDt_?FIt>ZI[vB{^CI[Tke IXeLiI[IKIKD J _c ^>ZeAHI/> I[c ÂCD Ba>@c >BgQoA J Bc 9 ksD~ Q
kc BI[?FI[> B
T>tc D >@b^ÂC?@EdEsEoJ ^LACBgI8J_>@AD kà>@IVT ?IyJ
ÎKL{AH>Z> A T c BQD I[6 >@Q IV?@%BgAHI E bXT T AH^]] T c BAHDI[DFcD1BLg> ^:T> c T D
keAC?FEd^^:AHeBBIBQtI[AC?=EdEXYn{> ?Q T AI)J S Ed]gEoACA Ed> Edc T N?@DAHY> uc h^CT ktI[ACB D1^]{SLi]g]/I[I[^:AHBD EUc Ea>@J
I[AHIKD>@_v >Es` AAC_?F?FTI[IK]iJ eÎVuD@AHBOIVLgD>FD#^Cc h:ACB IKBgv1J; J
?Zc I[A D=]iT kI[e?FBgI[AHIKJ
JB D
ÎKJ
BY:eIIK^HJ kc >Z> TAH>ACc > ^BbX[Tkl^c _ ? T T ?@I IklbXI[T?@Dt^ >Fc ^DB> T^:>I ], ?F^ ^ S E\_ c?FI[IKB
AC>]{Dc BB{> ^T >1I> jOT B{If^ k b S EEd~E
?@D@I>ACb B
AH>@?ZEdJN^C?FIKk#_ >c >@T I Iu ]g> TI[?^kDFÎ?Fe>FIAHBg>@_DI^C^Ck[k1vt? > c T >@IIVDK"Q3IK Jx A Q bX' TI[c > _ T Tc ?@eIklI[_?^B|>@^ ~
>bXT TI#c _ DZT A:_>F? ?@c}IKAH_wI>` ^Cu k> T > ^:T D@I IKv", ?@^ IS klE#I[?@AH? cBgB{J3YAH>F^t?@I/> T _Î1B
J
>I A c c > Bc I[IKDJ ` ACc BBgJ > T u I> T _^:^D@B|IKv~
u
>^C_TEk#S I>J T c?FBÎkYDFS I Y:]ibXI^T?F^C> ^ktc ^j
> B{TBDI^ b^Cc kYB{u > > T^T ?ZI/IAHB
e> I8` IKJACACA B Bic J3B{YI8IVhJ^CI[ACk#B(B
> >ZT >A:IT v[ACQ"> IKCuJg> ATQ vVIo$X?@> TIT k ACAHS >> D@IKcc vDD
^Ceu > kaT AH> I1B T ^]bXDF?@TI ^:^1>@bXIKLg_wT IK> ^tc_w^^D@BgeIVv=I[IVj^HDk\I[AHBi> BT J
ÂCEdI[DFDD@I _D I[bX> u c LgT _ IK^` AHAD@> kI[c >@>I[I[S j ?"J
> uIKTLv[I=EQ=c D@D DS 7 _Vc Q Bg_I[) v D@TD > c IKbXhA8I#c h:_]iI[IB/~I[Lg?ACk^:^Bg?@?BJ ~
eLiI[AHEd^Bgb _ItAH^HBgkJ> T?FIKIAAH_ T LgI[^CD1h:I> ~T eI I[TB
c >Y c T Î[B{DFIK> J; A?Z_A >FT D e` D AHT BaAHQ jI[D1^C3D c B T I[?FI
:$X:T
:S :T :b:Cu c
TS EsAHACD?vtLi{I[JQ I[S B> c I[IDD1]^HEs>kA c> IB{T IKÊsJ(A DFI >@^bXhT N:AC^^ E S JY cv=hBklI ^^ ?1Sb ] D@I[E cE}u DFks> ~>@T ?@I[IIVBD@>@? >@?c ^>@A IVc DtB> TIK]JI ?@IVACu DZ]gD__AH? I[c?@Li>> c cIK__ZJ D~
L
T NI[?Fvte > cT > I` ACBiIKJJA{> T QI:AHDZQ_IV> $Xc _ T ` I> T DF>I[SDFI J
IVu BO_>^:`BD@> > T c I> S T>FIK^ v"S kD@Î TS ^?EsDFJ
I[I[]g? AC` ?>ACT >FII
Î[?F?DKJ
QI[?FD {`Q bX;"TS c >_ T AHEdACE Edu E^:D@?Z]vo? I[c B{h:I[YB kl?@u ÂHeB
Ntu ^C> k[T voIy> T^?IVJ
D@I#I[?t^:?Z^HJ
kwIVv ?@TD ` ^ AHS D@D@D I S T eÊsIKJ:J ~
D_S?FIK_[J _I[EsDFA D bc hvI[ÈdN EdIKc A:BJA> _VT _I^?; JAC?ZABgT _wIebXAHBgc > A T bX> T T I ^MW A:B_D@>@> D1c > SL
>FN/I[D > T u I^Hk]> ?@T I8I#_IKDJ:A8~~
cbXBc Y > T u ? >S T EdI[IDZv]?F>FIK^_I[> ]{T >@I D/T^Hc Y kT > I[T D@I/>D@>ACI8J>@I:A3QAH:BgJQ ) ^CkBgJ > T c I B, Ae_V_?^c ?> Jc` ACBg> T _wII
kTY^:?F^ ?IKS ACTD@>oI[Itj:ACDI[BgSI[J]i]D@I[]ie? ^?FAHc >@DEdDtE `FJ
> I8T Bg_ItEsJtAC^?@AX> I8T ?FJ(I[I[D@?1>@> ^c> BT YCLi?@~I[I]IEsQtD AS _ ]iI 9 I[cQ ? B1c )^:> ?TDtI>@AC^ÊdEa_ACI8? EdcACEXh:B I[^H` ?@kIVD h` > I[T LgBtI[^:e>DFT^
e; NIVB/> bX^Cck_IwAH~EdLiEa^^?F?BJ
I[e?FD I[B BgLgJIVEU]^:?@B^:Y >@c IKB_wYy> c >@^^ B u bXAHBOc > NT ^CT k[^v=S > DFT I I[T DF^:ItEGJ|kl^ I[S?@Dt?X^:6?~ Q
J
< I[^?FB
D >F` I[> B
T >@Ite>FIVI[BOB
> k`^:EsklJ^?@EsY A c b hI[eBIVS D@DFD >` LiDFI[I1E}ksI[~@h_Î[?1B
>@_[?FAC^?FE I` k SACLEdEdDFN>@I[^B
Li> I[c N:^:IKB J*kQ?@^:en{Q
S B? c Y T >@I[^ S D@EdNAH]]?F^]? c AH> c BYtACB
N
> T{c B{Y ` u ^LiIKJ c I[Bg_I>@^t> T I
x
?j
S BEd^ I[b DEd^HIKkwJ
vfYI ] S u ^C? ck > _[T ACI> c ^:D S B ]` ?F_I[^
eI[I?Z_ ,c ^:^ B(S Es^Cv `k>@> ? T S I/> T ^:k S?@YOEdBAHI[BD@D D `"` bXACBic DZJ/J
^:ACe L
~ `
D@; >F?I[A B
T > ce^BACBgklAH?@^D ebXT AC^B{Y> I[T ? ^` ?Fû kS ^Y ?FeT EdNv=> D@T > SIJ
>FN/I[B
> kT ^:IEsJ>FI[EsAB
b k^:QEGJ x EsAQ bt$X` T AH^BgD@JI
>>@A8bXI[k>FB|c I[k_?tÎEs~DFJ Lg> ^:S Es?@AJ
B(b N c eBACY BgAHJB ^LibXT I[ACTN Dy^ c `]g> ÀbXc I[cJ >B
T >@TI[c ?_D ^:> Edu TEU> I8TI _?@>@T{I[IKI8cJY vT e J
I[DFI[c >BiL{>@J DFD >Z` ` ACkl>FeÎEdEdQA8^ N b H` gDtAQ k> >@T IV) I ?
EdLgIKI8AC_?F^B ec BIYAC> BT IAHDZ_IKI[J> cAH_CBOQ->A 7A:_[Q _^:% ?ZJA8hc Bc BY/Y >F^Y c h> T IVBI]{S ?@] I[Du_> ? T c LiI/IKJ]iI[??klS Êd?I ~ `
eA_AH>FDBg` _DI#S ^HL*kwJ vSACc EdBE*Y ? c T>@cIVDXD ` ^:>?@TYO?FAH^ BbXDc AHBBgYJ ^CT A8> h T c BIyYY SDF> c SEd>J ^Hc I8k JTc> D T Ifu D c B
IKk JS A Esv `
T{ItQ e% A8I NbXE c Th:I^ AHT > ACD#Tc > DT
IKS ACD1DFIY c hS I[BiB J
I[S ?1] > T u > IfT ]Iy?@]g^:I[>@IK?k_^> ?Fc êB AH^CBgk _ItTc^HD#kwv#DFÂHBaEdEQ
??@IKcI[>@_B IV> S D ` Bi`=u _ bXACc ACBiT > J^ c vf^:Bc kD?@IVACDFIBiÊdJkI[?@Ed^^:N L{e!c>ZBOA >FJ
c I[BI[B
DyD >c ?@> I[T^:D BI ` T{J
T{cI[c Y DDFT>@?@^ I[^CbDFN
>B D DF>ZTu AC]gc >FDACI?FQ(Y > cS_ c S Ed>EsQACL
?Nvy$XTO^TSL
c DD~
>u TN cIfI[EskJ
^ DZS v ?kc ^:eEsJ]gIVT ? c^:D EdT NAHEsLA Edb I?F^CI kb ;AC?Z?ZJ|A D T `:eT ACAHD=BgACLgD IV`*I[BbXTJ
c I8_ _T EsACA?@kI8>@JI[?y>@^fJ
IKNAC^ > S T
B^ b EdIKAH?@B> T ItJ S >N^Ckj c BY D8QWFW
u
ATt^ j b c 6BQ Ytu T WD ITbX^_[c EdACS EBEGJ|JIK^:__LÊs>ZACBiA ?FJ cItBgS >v_T > TItTc Y J c eT S I[> D@D@c IVI[>yED#k D `C^HS T k\_V^ _j bI[c D@BD8T YQ3I D ` b nQAHAHD#Bg) J_?@v=I8D ACTD >@T Î8ACbJ >F` ? T AHc NO^ BgAb J `
bX]?@T IV^ DZ_?T c ACLiDIKJ(?FIKL
_INc h> I8T JIA_[IK_wJ{^?ZA J ` c B{e YS D@>@>y^J > S T EdI/N? ]S ?@Ed^:I>@IK> T_w>I> DT{Ac _D ?ACbXeT I[^B
EdI>
u
j_b?@c B{I8ÂCY ?F>@ÈGI8J{>Jv[T Q A?F^ x j S Q c Y B0 T Y=^kk? ÎK`g?AHbX?> TT J I=I[c BDF]]g?F> IV^T ?@>@D@I[I8I8DF_IJ > c ^_c B?@ByIKAH^CAH>kiEdSE> ?FTJ I[cc D D?F` IKbX_Li> T I c ^^:c BEdBI Y D u` bX_> ?@cT I8> IACT > ^ 'c S^:^>1Bg?v JA `
g^CkaQ > $ T ACI j +c BYc BgJu k`^:^C?#k > T ACAH>1e] A S ` ?F^H]gk\^:> D@T IKI v,|I[S>FI[B ?@`Bi^CACk E=0]gc AC?@?FI > ` c _^CEdkaI[D#AH^H?k S W BgBgA J
` ?^CA k `
>_[TA IS D@2 I^
Ay^j B c `BYACBiT JACDX^CkLi>I[TI[BI 'kl^^?@?eJIK^CJk ^Hb kIK]gACACEd> ?FT > c _u Ed I[D#S Li^Hk\I[?Z> A:T v[^Q DFIt7 Q Ed^; ?ZJ|ID~
^CE S koD@> >FT ?@IIyoY^Q J
D) `BiT J It` > E T c jI[Iy?FI>k^T ?FIID D S S B ?@`]iTACD@IDFI[L DtS ?@ACBEdE\Df_wI[?@NIKI[AHDy>@IKACJBgLgJ I Tc B{IKYAHD ?@>@c D8B
BT^c D ?ou_[D ACS B]iACI[B
?@BgN
AHLi> ^|S J|?NACEs^:vfB]gI8^ ACb ?@>I[T? IVT hI I[Byc D YO0A c ?@II^:AHB BgTJ c e+Q*c {BgQ J $X`TT I?F^ ,|S SY TB
ACBgACJ ? S 2 BgA ^
`K^T B IX`CTYI=?@I8> ACT > I W Bg' J
^??ZAJyQo^HkQ S & DFh> cI[_BI ACu B ACc B
ekAHABOv >`VT j I#c B{ Y#S e LiS I[?ZDFA>a`BT ^:I >
LkgÎy? J
T I[I D@] c cDDFIKAJ ` Y?@u I8k?FAC^>eJ
I ACc B >N c J
c BI8AT
vXS > eT ACAH> B/T klI ^?@c D1e A Qu {eQ I[?F0IKc vX?FIeL ^S ?@>?@ACBED
ÂBj Iyc BeYiAHp D Bu ÂHBBEdYN IV`?Zcvtk _T ^:IBD _[S AHe?@I[I[EdI[DtDFD@> EdT NI AHu ]bX]T ?@^^
EdAIK_ vT kI[ACD e c > c EU` N > ` T >@I ^:Y I[?F> IT I[^C? k
bX_^c B{> T1D c cJ
>@I[Da?F_[IKAHJ/>@>@> EdT IIyAHBg] JS ?@c ]i>@D ^TDFI ^
` ACu?ZTJc ^HDZvk|]{]g?@^ ^b ]iI[I[? ?F`>NOAHQ Bg6KJ9 > Q T % IA8]{h EGc A:B_Y"Ik SAHBgEdEdJN
>k^T ?oI> > T c Ie_I ^:ìeT I]EdI[AH>FD@I#D S ACe>F>ZI[A D1c BL
eN/I[> B
S >a?@^HBkODy eS D@AH> cBO_N IQ u J 6c6 *Q I[% ?@IVI BO`
>cvtB D bXT ACT ]iÎ[D@ID
khA8AChEd^^ SS ??X?@J IVb D c I[J
EdI[EdDD h c A_>FJ
ê?@N A `=` c> B T IbXY:T ^^:JD@J
II[DFAHDBY^HI[ko?kÂH?FL > Sc J
BI[I D`*J
c B IKACbX> TaT `=^D@c I D
kc B^?FeTc IKDJRIw^C{k_wI[> IKT J Iyc BE SYD@>@k?FÎEdEdN ^HkT ACACEd>FE I[u D Y^T{J
c e DZvVQòbX6 n{c EUQ E#$XJ|^T S I Lu >FeEdI[AHD@DFBgEUNv `
bX]gIVT ?^ ~
cD D S T _ iT klû ?1A> eT IACBgj vVc Q BY/6Kx Q Sc ' _FjOI[>tEdNBe^ AHu jeI[AHD BgS v ] ` > TT c I[Dt?@Ie kl^c Bg?@I J` >@>@^/?ZAHJ
BIVD@D@Y:>@?@?FI[^CDFN D
>]gT A AHc B>XEsÂ B3b-> bXT T^cDF_ I T c BkA8hJ ^ c SDk? A8c h>FI[^ D S ` ?KBQ ^? 6 gu TQ c D#0 ^^:??J
> I[T ?FDZI v u bXj cTBc Yi_ Tp DZvfc B DZiACc j:_wI>
>]T ?FI^>@' I8_^:>@?Z^:Jf?k^:^C?@keACI[EdE?@Ed_wN?@IK_AH?FIK> SAC>F?FIKI[JD ` Tu c AHDB ^ b c BgB_[AHDF^?@BgB AH` > c ^S B B c ^CD k[T vte> IVT BOI> ` EsA> TbtI `
k_^:?F?@IKeAC>FI8IKJyJy^CLgk I c; B{?ZYA D T ` eLg^:AH> BaT p D> T YIEd^:c ?@eN
Qe6K^87 hQ AC$XL{ET I\?@AH^ BgS JfY T > T kI=IKACe?=^C^Chk AHTLc EdeI ` ACACE}Ed~ E
EdJ ^ S b > c I[> TDKQ I[e6 DF{I[Q EdhI[% D=A8>@h ^c BLiYI1k I[S BKEdEd^CNN:_IK^:JBACD Bgc J
JRIV?@D IKb JI[?@> h:T ItI/B> ^c e>"kI?FÂHeBgJ> T > I T c I?
]u ^HEsAk_w> IT I=u ^C^Ck#*I[> BgT IJ
I[^H?v ` IVEdBgI[_> IKTv `c e3> T IS DFD@>@>FEd?@N I[B{c B Yg> Tc _>oAH> BgT J AC> > T u ] IS j
B Bc D ^ T b eEdIKI[J
B
Y>ZIv
^c >BNvae> T I[BIXj bXc BT Y û AAC_wBg> JvS BK> T S IXD@e>@EdN
AHQ EUI `6 >T Q AC>o >S T B IXc D eT eAHBgI[ACB
Y:> I[c?*D ^Cukac BA8a?FA IKc AC?@DE}~ `
>^T ?J
AC>XI[?F> DKT p:It^Li? SIKJEdI[c ?I[`BgAH_IXBgJ>F^1> >T T AHIX> Esc A D#b _VQACEd6 EdIKJQ > T S I1B cD D S T ?@eI[>I[NB
k>^:AC?XEd^> TB{I1IYkl^ ^CSh:?~
I[] ?FS BB Dc D ACT EdEe_IV?FBOIKAC> >Fb IKJAC>Li_ TI cI[BDoY^CD h` I[] ?S > B T c IVD eT ebXIVTBOc>oEdIoACEd> ^T B{I[INf]D@Ed?FI[Î[>F]aIK_H>@> D=T I> T bXI[ec D@I `
WI[J
k ?IKAC_wu >]EGcAHS^:?@BB Ic`D ] c T >S eBecI[D ACB
T j:>ZeI[v DI[c DXACB
Ed> ]E?F]iu ^>@I[]i^^:I[]Li?@EdEdI I N cT cJ
BAHI[]iB
]
c > _wNc >@_[:IKAHJ/L E S bXA> kc >@c> IVB T ? gv1c u _> J >FT S IKIIKJ v#EsbXA _wb c^> BQ T D ^ 6c SJO{>~ Q
B>@_^1^:^:B> LiDìIc bXJ
] I[c S >?TBAC>^c Dc S ^:T >#B I8J`:> c c` ? >>c BTJ
YIXIVD@`{D@>@c>@?FB ?F^C^gN
Bc D_Y:>#I[I[h:?] I[Sb ?@BN
^ c> S D TTEscJ1eB?FYgI[ÔQB
AHn>XD@>o9 ^Q >B/T W kaI> T > b TÎKIXDFACI j j:bc I[B{? ^Y` ?FE >J c T jc JN I
ACBiD T J/^:> BT IAJ|D@] ^cY >8b n ^ 6 S Q EG$XJMT E cI#_Fj_?F^> T b3Ib DÂS_? Esc}J1 I8_ ACc AC>oEo> hT c IXACBgDAJ
_D ? ` c} AC_Bgc JACE^ _[b AHjB
I ~
I[b ?F^ D TS cEs]J bu S ^ D S S EG?@J ](B{> ^T >tI?F]I[EseA_A Ic B ^CkwbXvyc > > T T I AHBOTNc Y ^:T BIV?I ` ^> BT I[ID8QEd^ bn:nI[Q?t^$XB{T I[ID
bXEdI[D@T D=^:EUeI AHb B ^:c?@D EsJ T ACc D=?ZJRjI[>@]{^ > c BgBJ*^
?> J
T I[?@?#^ SL
NY T ] klS IKB ACc ?D T ^Heka] I[SB
B> `c D kTê?XAyI[B
Y >S> c TEd>I ~
bX$XTT ^:IXEUY:I ^|b J|^:D `?@Es> JT I#N cq1I[EsACJ
BgDA8>hT AHIyD ` I[> BKT wI#^CNOPfeACBgI[B
J >@T D ACu?@bXhAHTD c ` _ T> T cI#>X#^ AHb j
IVD DZT v[Q1AHDZn ACx D Q`
u
k>] ?FT S ÎXB eLc D c T> ?ZT eJyI[ACIVeBOBgv=>8JfQ^D@BnHBggEdAHN Q j`
I#) c kJ
EdE\> I T c_V> I[ACc N/I[D@>FDACI[I[D?Fh:ItI[u h>@B^:AHY?@?@eBgc hA:I[I"v B
> b>@T IKIX^ JS I[L
EsB8JN^CLiuN
>IeT _ItI[^:B
k?@>@I8? D SAC?#]J >@^HI8S kwJ I v
u L
N c BO>FI[?@e c |> bS ?@I8S v ` AHEUE{LgAC?F? u c I[?@D c b ^ S EsJyLiT IXL?@T ^:jI[Bc > T ?F^ S Y Ta`
AC BiS JI[BgAC_wI#EdE^Cek*eI[B c DF>ZAC^ j:I[EsD J bX?Zc AC> Y:T I ?@IVAHD@]iYOIKA _B>XDF>@>t^fIK] A:S _ B c D ^T > eI[I[?ZB
v >KQB3n 7 _Q^:B;"D@S Iw>~
bXACLiT ^ I[S ?FI> ` J
SIVD@B >@c ?FD ^CT N ec B{IVYtBO> D c bXBBc > IVT ?@D Ay` > LT EsI[A?@_FIj > T
T S IXItD SACBiLJIK_?F>FIKDJAHI[?@N:I=I[BDX^D@>=>ACJ Edcj
DD~
>$XS T ?@I[LiN IKJ J
` IK]_?@EsAC^C?Fh Ic J
> IKT J1AH>>tT j ACc > BT YI >FbX^T Li^ Ic B Ag c S _D@>@>D c c >oB Jic c DZ_w_>@IVI[?@?1B^CD kXb ] I[S EdEB Qac nD T {~ Q
ebXT IV^BO> c`D bXbXT c^ DFI c D=` >@AH? BgS J > T bXk S T E ^ `:bXjOT B{^^ b A_D >FD#u > A8T kI>FI[?F?XI[JD@]iS IKIt_>_c^hB{I D c hJ
ACI[E?S ACI> c ^:^HBkwv `
hc B c ?@g> c S _>FI D ` ]u ] EdIKS AHB D cS D ?FT I e` I[AHB
Bg>ZJ v ` b ]IK?@AH^:EdD@> ]iT I[Qy?@D nbXQ c >) T j ?@cIVBD@Y]iIKbX_>T ^>@^ ]{?@u ^> T]i^:I[D@?FIKEUN v
>]gT AH?@?@I[> Ic AHEu èAHI8BgACJtBJ
D1IK^C_wk I c T >k AHS ]E ] bXc Bc EdI[E:DFLgDZv[IXoJ
L I[S DF>@> ?@^CT N:I IKJbX` T IV^ hI[c ByD1>h:T ^?FE S^ S]Y> ST ^ > S T D I `
u S BK S DFu >Zv] S B c D T eI[B
> u bXTc _c T(T T I S c B gc _` >FDZvVQc n:T Q S B c D T ~
eAJ|IVe BO> c B c ]iD@>FÎ[DF?@D@IKI[JRDFD@L
I[DNveAyIVh:B I[?@bXNc > LT? SY B >Xc eE ]DF?@>@^C?Fh:I IKJyACBge J c BgDJ
D8 ACc ?>XJDF>@>@? ^c j:LiI[ID
T?J
c ^c >FD#b^??FBcI[I[Es>DACT `> I#c> h:T j I[I cDKBQ1bXY nT bX{^:QEdT I ^f4 b DIw^b |?@> I[Es?@Jyc h:> >FI[^bXD=YckIVEd?@Ea>^:T A8e I[ ? Tc bX_c DX> c > J TT S c D>> NT _[` IAH>@D@e^:>FYEUIV^CI[Dh> `*TACTLI[?cEdDIXbXAC>@cI[Bg> ?TJ ~
cbXeT e^ ^Ku h^:AHB/L>EIT Iyu _k?@A I8c ACE S> c ?@^:IfBg^Cv k` E^Hc j:II[bX? c Bc D@YIDv> T AHIDZ_DZIVAHBgYJ I[D>@ÂCBg> JT I> T DFIjON
YQ ^xJ
9 D `Q
u S B c D c T eI[B
>Z` v=u _[ACB{B^>XLiI c B gc ` _>@u IKJ1 S D@>@EdNL
N^B{I bXS T ^ T AHD `
B^/ACDFD D@>ACB
> B^:?Zv1L
N/ARk^
Ê B^:?ZvL
NA_^ChI[>F^ DfeACB
u
u
Au BAHJBg^:J ?ZJc v1_wv>@L
kIKA NJc > >@^:T ^Bk S I D@E*I[bXB>@^ DT S ^TACDFc E"IDX]]e Ed?FIK^c ACBie D J S c ?@DFc I[ID D8`
SQ bXB x{T c e6^Q ]A; ?@_^C>FN Dh:IKTAJ c_Ve ` _^B?bXJ ^:T c ?ZB^ v1YL
c D>@N^y] ^:S> TB?@III
WACBBgD@J > c >c DS >FbXI[D c DFIu ^H` k] > S T B Ic D DZT A:e_?@I[I8B
J>Es_[A ACb B(v `*LibXI T u^ S T DFAC>@EdDtNY:v Ôc ^B Jgc AC_>@DFI8D cJ*D@Q>ACB
x >@n{D Q
'_ T I[AC> DFT> cc D@eI TA:_c D1> I[bXBc IV> eT c I[S D D@` > c Li_wII T c A8B hTI c DXbX^c > b T B^ S J
>têJ S A ]c BE c _`8cbX>Nc > T >@^ ? b c YAC^ ?ZSJ|D?
kTL
ACNc eDoYkIo?EdIKc ^CIVACkaBgB A#J
c B{D j `Y c BAH`:BgYc DXJybXDFLi]T I?@^1I8EdLiAI[J IB T c cIVA8BBOh>"IV> TD>@Î > b TOb S AC^D?Z?FJ|` EGDI[J h`; I[E B?Zc j:A > TIT eAy^ SAHJ
BgY ?@TyAC^:D8]T Q IX^HxkDx S ^Q L{c $XEgD c^:T D@B I>
beAHAH>@BI[B?8I[Q ?x ACgBiQ J ;bXS >\T >^T J|I=ÔkIVAHDeBI^:^H>kD AS Lj Jc BS Y I bXT{Tc e^tD@AI[_E}>Fk D` J c Bc e A1c B_^:c D B
T >@I[?ZD AH?@c BN
I>@I[?8>@QI[B
x>17 QACe$XT^:IXBYyj c eBY I[BT ACE c Dj:LiII[AI[BJ|?@_^?@]IKAH^C>@IKkJ _EsuAC>@? ^tc LiIKIKJv"L > TS I>F>@]I[??@^:c >@B IK_b >FÂ? ~
^C> T kI > c T ?XI?AC_VBACj D@>F` I[J D c Du _ hT ACAC?F?@BgY:AItv1> AHT BgI J/c ?X^:D@?ZI[J
h:IVI[?@?ZD AHòE\bXJ ST > ^ c Ì[DKAHQ EUE=A_[_^:?ZJ c BY>F^
x :+:T :::CS :
hJ
ACIKB
_Es>@AHD?@QI=k^>@?1^1> NT AH^ I>@StI[]h:c B?FI[^?#J >@SeI8_I=> ^c D@^?>#BJ
LiI[^CI?KkQ J
xT^c BDtQ If]i' LOI[I[N^:>o]> TEdT Ic IXe` j > TcAHBBgAHY >J` W1AL
kN bX>@IVcT?aEUEc ? D#ck D SD@c IVEdB{Ed?NY ~
IKhACI[?F?FEdD@N IKJ c Bc B(> T > IT I/e^> T ?@B ?@I[c B{IklY ^`
EsJ(b ^DZ?@A:D _T?@c I8] J; D?Z_ A c I[T Bge_IACBiACACBgD JbXEdT IKÂH?@ACB?@IKI J b u I[c EdB E
]gD T^:c E ]c >NAHvYÌKJACBg; JR?kA ^:T EUeEd^ bACBg> AHT D I bXc ?T A^yJ|jOh B{c _^ I:b Q >x T I1Q ' I[IK>JAyTc ACeBiJJACA ?@c EdI1N ] b S ^?@?I~
kL
^NM? T I ACj
bXD TT ÂCDZACAHE DKb Q A8x NO{D Q b ' ^:I[?@> D T{Tc ]{c e D#ÀC>YT I8^JS eY T/IVB T Ìc D eT A8^NB{^ ACS Ed?@?FIKIKA:JJ
I[NhLgI[B I
ebXT ^^ J
I[c DFDt> è_^^B{J
I[D@>ZDFAH>1B
B>@I[EdNhIVEd?IKAH]i?@I[B? c eD T Î[J
DKI[QDF> Nt9 kQ ?F^$XezT ?@> ^ T S I[YeT HAk^?=b AtAHB
j >tc B^CY k
eLgIVÊU^:J
BI[YDF>c NBY:eDK
AC> B
T N?@^ j S c BY Y:T D eT Â8h:J
II[D@]i>NI[? I[c D hT IVIKB J T` I[>@?Fê Y:I[c >>@TD I[c ?BbX> T c > IT k^> T?FI[I D@c >?
TA8I[hBgIAYO]gA I[c ? B{c IKD TJIKjJ c ` BE Y
c jJ
I ^bXec D@DKIXQj c6 BQ Y $X4 T A ?@^T
SS YD T T A A `,
b S ACJB
AC>D ^H` k> T TOI1S eD@^cBE c >^CN k
c YOc A8TOhS AHBgA ò,
2S e S Sj T A ` c ACBgJ 4 I[e c cQ
nQ ` ;S S >L
N TOT S e c E c >c N
>?ZcAH?^BB> jt^C^Ck1k\ACA> BiT ; JI ?ZA' T ÂHe?B J3AHBg^HY
Ak A Q*b BIKxIKACJQ Ed> 0 D@Ta?F^C`^h:ezI[AC?@BgI > JT Y:^>BOTD@>IXNI/h:DFI[ ^?@B(DFIKLiJ ^CI[kt?Zc AMBPt>> AT J I#IT> c]iT ^> ?@DT I[II ~
]? IKc JeAHI[DthEdACI[E:> DZ_ Tc cI[eBg_wI#EdIK^CACki?FBY^C> hT IVI?@B> eT ?FI[I[B
I>k^:` Es> J T Iu DDA_ c _I[?FBgIK_JIDZ^C_ kac I[J Bic AC_IKEdIKv _` > >c _T D I `
A]CBgEdI Jyu > > TT I#Itj
> TBI[^ ^:b ?@EdNIKJ|^HYkwI#v"^H> T kaI > T u I hACu ?D c S ^ ]S ?@DZIVv=e>F?ZIKAv J|, I[^ D#S ACEBgHkJ?F^]ez?F^C>kIVT D@I1D c ]i^:I[B^CDK~ Q
_îBiQ\ q1S A8I[N? TACcBiDJDFI[B Bc D@Y IVT DK> {T kÎ1? e T IS DFu >AHEUDF^:>@B?FI[IKB v S bX^ TS ^DFEdNT ACIwDX|_IV^?@>Bg T{S c eIV?@D@IKI[J E}kaT>Fc ^ D
^Tbc eB_[DFAHI[B?@ID@k IVS D EU` EdN_[AHD B/T
S jBIVI[>] T ItTc >FDXI[DB/S hLc _IKI[_D >F`D D@c ]B? c^BLiY IKc JBcYyI[Bik?F_ÎeQ= Ed7 ^CQhI1' I[^C> k
]u AHEdIKEUEsACvyD S I[?@BiI J ` ACc B(BgJ e > c T D@IVI?@N
I cQY T O> {` Q ]{?@0^^_I[?IKJ Ac B{j Y/c BkY ?F^bXe T ^ b ?Zc ACD> TaAC>@ò>bXA_ TT c IK_ JT
>@b Î8AC> EdT > I/T h ACcBg_J I[DTD@c ]Dy? hc Bc ?FY > c S BI Y ` kL ?FSê> u TEd^CI hIbXT^Ckt^ ]c DEdIKAHY Dc h:S I[?FBgI `vyEd>@^:^ D@I[> D T ^TD@c I D
AYOC?AHc eD c LBEYc B{kY ?F^` eDFEdI[I[AC] Bc Y:BI[Yy? ` L
Nu Ed^JD@A8IVN DZ`vy_I[I[h:B{I[D@B^? cT^ c SDyDFEBc klI[ID@Q/D `
u IgQ _I[%DFSD B
bX> cc B> T Y v `
bD c B^:eY c B{I[B Y `` J
AH?BgS J(Bje I[B{S BD c I[_ D@` D ` AHBgu ACJ B S c D@BI[ÊdI[?DFJ D/c Bg>@AC?>FA8IhI[Ed^CE1hACIy?FI/k^:>?ZTvtIJAH>@I[BgB
_ klc ^BEsY J `
D@LgI[I8> AC? u c^HBkY h ` c _wh I[c ^:DZvEdI[D@Bg]_? I c `B{Y>F?@c BIKA:Y_ Tkl?@I[^?@eN ` EdI[^CB
hh
I1N ^C` kDF]EGAHEdBgIKAHJ
D I[S ? ?Fc BIYQ` OuS Q BK$ S AHDFEd>ZIv~
kD@c B^:I EGcUI[VJDFS D DF?@I[bXI> T{^Cuc kX^H_ T k]?@h AH^:c Ed]g_E I[I[bXDZ?Fv>c ND@]Iy` ?F?FêI[J hI[S B/c E_c IKBJ
J YI8_` L
EsACACN ?@BgIb J?Z>FAHAH^D@> DZTLiA IQ1S Ed
> >T IyACQ ?F?@$XI^
T ^> ACT>>1II[hY:I I[?@c I[YB IKT JO^C>~~k
Lih c^_> I[T DZv=> T ACI[?FD@IXI ]u ?@D@Î[J >FDZS v _` IKEdJI[> L
TNtc e> T AC_VAC>8?@Q Iw7k S9 EdQ\EdNq_w? ^c BBgj c S BI[Y ?8` J Lic ^_wI> T`b DFI[^>@eD I[u ^CB k `
ccACBBBiJ D> ST T
_[IS _IVD@B
I[D@> D>yc cB^:> Y BT ` òAC> >tTT IyI[DF]DFeI? c SBk^ D@Y:S>1Dt? j
k?FBu bX^^ ebTc _ EU>@T^C^h:T ILiA8I^Ch:k#I> T ]LiIEdI[IKeI[AHBD ^S DFIV?F>#BISQ]ieI[7{?@I[B6 ?cQAC_ >@c qÎ8SJ^CDv~
c> BT YI[D@LgI^> J T c ?@EdI[N I c BKT IS ?Fe N S` DF?@>XIVh j
c BE c ^ Bb Y ` >FAC^BgLiJI> T> T IIDFeI cd[^S DF?F>#I]i^CI[kX?@B ]c ?F_ ^c ^ ]iS I[D ?@>c N B `
>D TT It^ S D@EsI[J>j
]B?@^^ bJ S > _T IKACJ> LOc BN >b T?Zc AHD=> D@T I[Q>X7^Hn{kaQ D@I[) h:I[DFB I[È}ksbX~_wT{^c B
_ >@T ?F^]Ed?@EdI[IKhJ A uc EUj D"c BI[YOh:~v
I[u >?FTN bXACBT I[> ?@T I ^` DFIIKABg_ TAHeIKIKACJ?FE c EsIVAC?>F~I[Bg?ZACvVeQ IK7J x Q h c u _w. I Bc DA/e_^^:?FeI]gACAHLi? ^c D@e ^:Bgc BgvACLgLIwEdI~
>_ bc ^ I[S I[DKBohAc _wh Ic _ ACc ^BiS JDJ
eIKAHAC> BTa` D hc Bc _j
I Dtc >FDX^J
> IKT _wIyEGAH?@BIKI[J> T >FI[^?@eLiI#^DFe> û ?@T IXIVEU]iEsvI[`*?FB T c I ~
bXTc T e^3ACJ ]c I[]iD ^ ` c B
k?F>I[ID@I[kh:?FI[^Be^h ?c _I I c Y` T AH>DZ_e I[Bic BJ
cDD@>F>FI[^ ?@D T bXIKA8T h^:IVD@BaIQ AC7Bgi_wI[Q D@>F' Î[?@D>
TT I[A8?Fh:^
IXI[LgDXI[D@IVj Bc EdEU?@I8^CJ N
ACc BEDF> I[T ?@IhAHS B
DF>@I#D `
^CkbXb T ÎKAHAC]g?F^:IXBhDI[AC?FD@BiIKJJ J
c BI[D>_TI[BgI#J|DIK_ JRc I[Bgk?@_^:IVe D `
SAu B{_VBg^_J|^LI[eEd?@IK>v]ACEj kc ACDc BTe YIKc JE I8c I[ACL
DXD@NN ACBgAu J c D B c bXBc Y:T >FEdD@^ II[E}T kweA8v h:ACc BItD Liu T D@I[^:Î[ebB I[>@e >? cc eSIKJ_ I[T Q DZv 7u T 7 T ACQ AC?Z?&J|J3I[h? I[>FB^c D ACLic B I>
kI[^:?F?BgvARAj c j B{c YOB{v YO` J
I[^:D@e ]iIK_ bXc ACTEdcEd_N T u cN k c I[T EsIJ
DT ACYD?FvIKACB>^/?FI[AChD@DI[c B D@S>ZAHIVB
DKQ> ` 7u >@{^Q Y' ^Ch:I[>~
T?@Iwc keI[?@? Jc BA Yc EdN(>@^
_v1^B]gD I8c AJ
_I[I? AHbXBgc J > T b > ACT ? I[` eu > T > TII k^ ^S ?Z?yJ c D BiS ACL?@N I8_u>@L DS _[D ACc BEdEdIVIKD@JD v `
D@D@>IVTEk\ACAHBiBgA J ` >TT c DoIj ?@c IVB{hYOI[J
B ^:S eI ` v ` > TAHBgI Jyu e> T ACIXBDBACIVBg?t_w>^Cc}k[ v1_[AH]> ?@c ^:^>@BIK_w^H> k c BTY c Du Y
TA c ceBD~
c^Cu ^L
kXBNyACEd]^HEak#c ^>FIK^S AYD=_IVYT > Tc kuI[>Fe ?DZvV` c Q BEdI[7 c > D@>FT{Q I[c?Z% evA8D@h J|I[c ]g^ BAHY bX?ZAHu T >@AHI[?F> EdD@N3>Zc vXD ACAHBiu DZeJ _IV^:?@u D@>>Z>TA v=cI[BLgB(IKI[JB{> T I > IT _ I#h c AC^:c IE] b kc B
^Dv?~
TACec e ^Bc B YT> Tc D1IVeA8aAAHcEd?@E D8` Q A7 Ed{IKAHQ ?@;"BSI8J> bX; c?> A T T e> T ACIBgeA ` ÊdD@I[>X>tJ > c T D@> Ic Bj Y c SBcY/D T J
IKIwJ ~
E> c T LgII[?D ACc >F3Ie^:B3IKAH>D TS I?FI[De^C^k#DF> ?F^Cc eNOAC]iEX^]i?F>ZÂCE cB
_>tN
Q A8a7 A c ?FQ D ' bXI[T> c _TT c e ?@I[` EskAHS >@EUIE=>@^C^ k
_T^:A8B h c BJ
YI[Bi>Z_AHI j` I[ACB E b TA8c D NOD= I[BgB
AH>@E? S?FI[D@D@>^:>@E S^> >c ^T B AC> bXu ^c > T_ Tc ACc eEsv` AHEdEdI[E*> L STDc ec BIVAD@DKks~
>@^ IV ? b _ c ACAH?ZEdJ|D `Dtu LgeIVYI[cBgB/vy>@^H^/k A:c B
_>K>@I[QtY: ? 9c >Q N ` % u IybXeT ^3S DFAC>?FIKACv EdDF^bXc ACD@]{I `"]g^ c ?FB
e >ò^>b T I[I[Ed? E
D@eAC^:L{AHBEUI1B
D#N>FAC^DXD@j _> c ^T E}kEdIEdS IKEJ _S>XACIBieJ]iÎ[_B?EdI[kI[^N h:?F` I[eAC? BgACu JBie_b I[I1BgI[^CEdv Ek ` >@Tk??@c cI[DIKIyJL klQS ?@D^c e6BQ I[DF)DFD1Ed^D#?@> IKeT ` ACSEdB
c I[?@N> IVD ]iT` I[c DFe ?^ ~
D@AC_j^:]{cEU]gE}EdkIK^ S _wc E>B
`c >8^> QaB(T I n{^CTk[Q vc ) Y ?FT eI[~hLiÎ[^B{B ?FYXS B >I ` T ` AHI[BguezIJQ YgEd>I[QrT v> I TccT eB^:BeI[I[eD@c B{> ]I[Edc D^CB ` Nu e>^ T ACIXB _LS I[?DXkA8Aklh_^>I ?#S ` ?@>> I[TT D II `
A]gCBiAHEGJA:_D@I>FQ=^?F I x T Q ^ S' D@I[I[> D T` c ueL S AH>ZEUvyDF^> T ACI]]i> ^c e c B
c >XJ ACc B/BAC> eT I LgAHc B
D@D>@AI[J
? c ^:^:? ?bX^HT k ^ Tcc DD
h^CkXIV?@> D@T I8IJ ckBtA:_ACIEdECACDZBg_ cJ IVBgY:_I[I[D@D > `S bX?@IVT D ^ `S bXBgT J
^ I[?Fc D@D >ZAHT Bg^J
BD I[DFT> c ` B
>@DFDj ` c E}Iwk |S ]{E ` ?@I[AHDFBgD cJ ^B^CD k
u B{^LEdIKc vkAHu e bXcT EdNQgc HgQ u ,
S `_ TT voAHBAH` eLgc ACDFS DZA` J|^? c D_^c eeI[BgJ|IKJ
>@e^1IVAXej ^?FBN Y `bXT ^^ j
BDZv^ b EU^CD"N
AC> TE I u ^:]B?FI[^D@]i> I[?ZD@v"j ]E}kEsA_wE I]iAH^BgDFJtD@I[> DFc D eBI Ytu AXk^Y:?^
A^|_ZJ ~
> c ^:B `
bXT ^ c Dv T ACBgJ
DFêI ` klIKAC?FEUIVD@D ` ACBgJRI[Ed^ S I[B
>KQ 7 Q $XT I
x
ACJ ?FS eIN_w^J|B

I[>@]g?FIV^BgE J
u DX^Ck^B> T > IT IXD S ^ L IK_ _wc >@AHDZE vu ]{ÊGB/A:_> IKT J Ic AHB?@e_ T N AC` ?FY> T II^Ck>F?@c IK>ZAHv D` S > T?FN I
ACACBgBgJJ c> >FT D#I ^:u]Y:]g^C^:hD I[c ?F>@BI eu b IVBOAC>f?Zv^C^:kwvB/> > T T II?FACIKeACEdLieACD@^DBAJ
>^:T ?KIQ#:j c BQ Y 0 ` ^]i?IK>AT _II
u
EACu c j eIVc DKBLg=YAH> DD@T vDI/AACJ
?FAHI^:e?\J LgACc DEdAC^:S DFBBDZAIXc >@J|eIK^JR?tAH^j>F?I[?ZDACB{B{^j DZ>KAc QB_w:Y:>@DDKprQ vo> T+ACACEdEc>c> IVT L DS?@AHI[D BgDFc BJy]gI[I8D@DF_IVD>#]gACL
>F^?N AC> >@bXT IVID#Tc AAC_ ksE}T ~~
k_A ^ c S ?FDXBO>FEUI[IVBg>#AH> BgT _I I ` u AH> eT ILgACY:DFI[DZD@A> J|S ^?@?ZIVv=DIw|AHBg]{JEU^:?@AIt_w>> cT ÎtBDI^H]k?FI[> D@T D Ic ^B u kl^^C?@kI >c Y:T B I
j> c c ACB{E YOu vXA>J|T h ?@c ^DFI[S ?@Y DT v ` > ACT BiIJ Y:u I[J D@c > DS _?@^CI[hDIV?ZACv BiTJ/c DAJ
_> I[c D ^c BY:BD1DX^CkACeTc ^:DB_wY ^TB c DJ|D@I[IVB
?~~
h> T ACIyB
>@J
D8I[QD c Y:{BQ D#% ^HA8kh > c TBIYkEdÎKAH?FI?@cB
Y>XB/Igj cAB_wY >@Ed` N EdI[u > k?@u ^:> e T ITj c D#c BACY
ev=Lg>ZACAHj:D@ItDAD J
S ^:_ ?ZT v
e' I[IK> AHD TS c ?Fe!I[DDF>I[T >@>FACEd> I T c BIJ
A^
_I[^DS B{B
^>F?@>N L{bX? c BTYc _ TI[h c c DE#^:^:]gB IVB-Tc eACBgDFJI[E}kZT QACD{A Q
J
u c ?@B N3T AH_wLE c ce>@IKACJ{>@vI àL
NbXT) IV?F?@NOIAHBYD?A` cBB ^:>Xc DD S AHLL wS IKBg_J>#AH>FB
^> IV`] bXc J
T{I[c e_ Tc _c DJ c _ D@TIKc AHI D@ I[N D
u
ATC^:?F^
IX?^^J*D Lic Qe IKJ c Esc 9 AHI[Q?B
>>F' ?@ACÎVBi>S J LTTEdcI[c e!DZDv ^ ` Lb ACS{B Bgc EsJ(uJ ]iI[]{u ^:> EUTI8]ACI[EdI#DZ?@AHIKIKvB
AH> D A `Xc EdbXN|>F^v T b IV?@BBiI`Jye> > T T ACII j c ?hc BAHE cYD@hDZIVkAH^:E Edc D?~
TL cSDc EdD>A8^HkIVk >NMu D@>@A^:Bk^:I?@>@AH?FBgI[JD@D v=` IK]AH?@?@^:> >@TIK` _^>FIK?=J^B{LOIN]{A?@^J
>FI[IKDF_I[>F?@IK> J/` ^:L
?#N Afb kAH^>@?FI[>@?F?XI[^:D@D?
>@^?F?tI[I[A D ` T^c Ed?E~l^:k^:B?@I >KQu k^ ?F6 eQ IK' JyI[L
> NTcACeBI[eBg_[AHAHjeIt]IVheI[?FI[NB
>\I^H*k\ÂC?F>?Fe>FÎKJD@vIK_eS I[?@BI
AA TT{c c EdEdE}E}~~lklk^^?@?F> > ` c kD^:?J cAHD@e> c B^YB{SYcD@D >#T AHI8EdJ3E\> L
T N^DFeI ACu B
k^N?F>@D ?FS I[]iD@DFI[I[? Dc ê?I[ B
S > ACc Ê c B{> cIKI[JD8v Q
AC?Fn{I Q c $XB TT IACL c ?F>FD@IK>#Jy> L
T N ?@IVbXIc EG^HJfk\Li> T IKAC^DFD@>@I D ù hACACB ? c c e^ S ACDXEdD*j E c c Bgh J
c BDXY ^Hc k\B kl^T ?@^>FEd?@I[I[DDFD@AHI[BgDJ v
YcAB^ YSJ
D DoAH`C> ?@bXc IV_TD@]iI[ACBIKB _c >>eTc h:I[ACI[NEdEdD NOÀCQ=?F> IKT vox IDQ TEs) AHI[D@EdD">y>@I[I[>?FBTIKI[J?Fe I[L
Ic IVN LODuNJ
> ^1T eI Bc ^?^Bv> j:kTOÎ[S N
?F>@?@D ?F>` I[> eD@T DFI[I[I[DD@B I` ` I[u AHhLiBgI[IBJ ~
D@T^Rc D1k^
k^:I[?@D >KQu _[ACCBgivQ B. ^:B> Ic BKLi S ^ ?@b IeAyAHjB c ` B]Y EsA:bX_T IK^JT ^:ACBD#A>AC?j:ACI[eB]g?FACI?Fk S> `Y:Ic Dyc BA
e>@I[BAH>Z> _ T T^ c S BDZAHLgBgAHJ*>@>@ EdIT IVkBg^_?XI ^:cB> I c DT
S]Bg?FI[J|DZ?@_wIK? J c LguI8kJ ^
I[u DZc v B` >^T BI I , T
ACS D@Bg>FJ|?ZAH?@DXIKJR> T k^:AH?>
AD1S j ]{c ]BE Y c I8bXJ c bXEdEc ]g> T^:D@b DFI[IKDZAHv]gA^:Bk^D ?F` >@e?FI[^D@D8BQIVN ` 7 Y:Q ?Z'A cI[B>XAC> TBgACJR> Lgu I8kÂC?FD@>Z>Fv"DXLg^CkoI L b S I[?Ed~ E
kkJ
^Î[?JB J
T{`
I[cbXe? `c > D@ACTMI[BiE}k ; J `:?Zc bXABT c >> eTTIAHb Bg_AHACI[>@DB
I[`>@?8bX?FQIc > :^HT k Q AHc > ?@' `> cI[AyD> ACDFBT]gDc Ae`_ bXc ^ _[c S A> TD#S D@]gI[IBAHEsY>FA^c B{_ILiI[` DI`{u bL bXSI[c Ed>c EsEdT v>
]bX?@T^:c >@>@IKI _wb >@IKACJD T `v T ` AHD L S c ]>Z]ACL{E c EUIKI J c B/bXc I[> h:T/I[?@b N AC>@D@IVIK?AHD@AH^:BgB J` ?@>@IV?@D@IV]I[DKEdI[QBgJ|{I[B
Q > W B u bXT ACc >L
T ~
cbX> cT B^/Yt]i> TÂCDFD@> I[` DFEUD@IVI[> D/TA c eS D@] b c I8_ cJ^ S AyD_e^:BACD@?@^:j
?@D>#^Hu ^k\B IK T S I[AH?yEaLg_[AC^DFJ
>@NI v u` hACACBg?FBgJ Acv D `
LgLg^:I8A?@BS >cNB3ACABgJ Y:?@IwIK{AH_w>1I[kEdEUACIVe BO>yc EUN ìS bXACE T c > ^ c I[cDKDQ_ T {AHQ ?@e ' c IVB> YTACc BgeJ AC]i]^]iDF^ D@I[c B
DFD@>tI[AD
J
u ? ^c e>Fh I[c Y
D@>v[c "_=> ]T ? I[c NI[DF>D T u AC] EdS EX?F]i^ I[T?c kl>Â?@vXe ACBiTJc D_ T J
^
^:êDFII[DF^ > c __ ? c cAC>@> I[c DB{YtACBg]J? c I[> DFT >@ID
u DT A_? c _I[DZvk^:?c bXS Tc u _ , T > TS ?@I[I ?FI[DXc} AC?@IX?FIK SbXc ?@TIKc JT Qc Q ) j c BY
Du AH?@AHIEdEJ ^Cc *DF>@I[? ?oc L hSAC?>@IK^ J{v D ` ACBi?J A c B>A^:v?ZDZJ
A:IV_?X? >@^_A:IVD_[ ACS> c ?@I#e_ I[? Ec > LiÌ[T ?ZIAHE:D TkI[AHI[EdD E
Y_[Ac hS IXD@I1>F^ > T ; I1?ZAACTBeB S ACAHBiE*AC?@DI[h:I[B8I[B^CS N
I ec B I[B
T>@cD=D=ACj Bgc BJ Y
b J
IKÂCeEd> T>@^yQLg 9ItQ _'^:EdI[EU> I8_T{>@c IKe J
L
N>@? S D@>N u ^ _ c ACEdDv ` EdI[> T{c e^LiI[N> T ItDA_?FIKJEsA bc B u Tc D
>@>@?^ ACb BACD?AJ

_D#> c ACÊdBED ebXI[cBa> TQv 6> TQ I0 ^:]i?XI[^:> ]T EdItI `hAHAC? Bic J^ S LgD I uT LA8?hACIyBg_ E cT j:I[ID1Ay^HkkACL > S T D I[c ?~
Bc BI[D@DF]iDZv1IK_Ed>=I[> ACEdTE c u e> T I#AC]A]i_>F^ DZc voB
>^Hkgc B
> T>@IV^:EUD@E cIXYeIVBOI[>XB D bXS ]iT I[^1?@h>@?c D@AC^:B?@DDKA_>> T TI[c N/D\L D T S ACD cEd~E
B?@IVI[> DFS DK?FQ BIKJnQ k?F' êIV> >TT c eI c ?tT >@^:IKBA:^_ TS I[?t?K>p D T ^:T D@^ I S DF; I ?A u TA8ke>FI[AC?1BgD@AH> D S J
bXN T c ^B{YT A8> ThII
J
IKIK_wJ{EGAAHv[?@IK:Jkl^?=>@^ > T LgAHI> ACu eB ^c eB{I[]iN I[bX? c TD T c _ ACTL{EUc ID=Y>F?@c hIKAHI[BiD S v?F>FI^ k; ^?t?ZA j T c eBY:AHDKBgQ/ACD x c D Q
TbX4 I[cI Bi> c T(> _T II[; AC?t?B A > TTc eec I[]ghACIVI[BgD? AHc DDKB{TQÂH?CLkiEd^
IXQ I[D@Dt>@$X^:_[T ?@ACI1IB e ^H>ZAHS IVjDF? I>c BLgc >Y It` J
eBIVÂ]g?tJ|^:_[ID AHc >@>B IKT J?@c >^ L
S LgNY IyT j Edc ^B> D@T Y>8ID
eu ^:^BS > > T T It^CYk#?F^ A S ;BiJ?A v T` eB^:AC?BgIVA h`*I[bX?T]gc I[_ ? Tc D Tc DtI[D BìI c c D"> T kAHI[??eDF] ^c Ed?@> I` IBg^_?1I[EdkEdACI[EdB
Ed>D
>eT AHACBgB A ) u YN Bc I[cdEsT J
^:D>@vX?ZAH> TDKQtI ^7 ?ZJQ c )BiACY?@N c k>u ?@>@I ^b ÂCB?J*I abXAT Y^ c kc >Dv=B>@^^>1Â BI ; ?ZbXA T T ^ ~
b_[u AAHI[EUEdY EdED c~k?@T>I8vc Ae>FJ ^#DF;I[Ê}B{?ZkAI A T bXe; T ?AH^XA BgTj
A eB` ^ ACA b BgTODaA S > ` TBgAyIJ
J
?@I8^ I8J:S J~L>A#EdT I AH^ BguS ?@J1DZI ACb> BiT ACJ:I ?kJ)^v[EsBJiY
AtuAC?@DY I c bu kl>ACIK>F?J{^JA8v[A ~
]g]gAHAH?Z?@>ACc Y
_ AS ` EGAHA??F I bS ACAHE ?Zc J> c v I[D"bX^Cc > k*T > ^ T S I>\?@IVIKBg_ cJ*] Qc I[B
{>XQ AC0 Bg^J?A:A:_[_[__^:^?Z?JJ cc BBYyY1>@>@^t^t>> TT II
k>ZAA cc > BT IKJu ^Hkk\^:?\> T AIY Y c kc > hI[c Bt?v> TAfI=D@eBIACEd> Eb^?#^:?@AfEsJ*YQa?FIK:AC>=Q ?@) I b j AHc ?ZBJ Y bXbXcT EUÊi`8LibXIT^:c L
EUI ~
Tc BtI1D@]>F?@?FI[^B{>@I8Y_> >@TD ` T^:c?\DDF]i>@?FI[^^B]{Y:EUI I[`
? ` c D#^? J|Ib IKIKACJj:I[L
? N ` e u k^
S I[D@>aDv B{` ^Lg>aI1D T> T ? c I[BNjIKk ?@S^:eAHE
Lg> S AH?@>@B>@EdILi` A?F_FI[j ec ByIVeLgLgAC>FI[>@? Edc I B` Yt>@^t> T ]{I?@^J >FS IK>_N>X^H> kT IX]gD TIVÂH]>@? EdcI N
` AC>FD8^ QT ^B{Q ^ 4 S ^:?>X> T >@Î
BLg; I[AH?ZDF>@A DK>@T Q=EdIeÀC BiQ Y AC$XT D > T `8c^:bXDaD@cI#> > T T j IXc B> LiT Y:I[I DD@>obXS e>@T eÎ8AC`^BD@D@IV>DI[kIj ^c ?B{I[?@AXY> jc >F^c^BB3YDFEGACA8>@Bi^1NyJD@IKIKA:J
_ _^S T ?@BI ^^> T >1T AHI[> ]?S ] ?@c cBB ~
Lgc BA:_@Lgj AH` >@>FY:EU^/I ` >@Ed^ I[> T TIKc A8ehI[BB^:Q>X D@>F9 ? Q c j+I bXT I[c > B TT b I IKAC ]iY ^T B>FDD#_wbX^c Bg> T3_I8ACT{Edc IKDJ k^
u cI[B D
b]i^ Ôc ^B
J>@D1v ` ^CBk ^bX? TbXc _c > T T AHu ?@D IS _ LT EsA AHVDtc B{ACY ?@I8bXvXc >LgTAH?@ Li?@IKI:J Q` ]i6 ^ Q c D@^:' BI[IK> J T` c e^?#B> T Î>
D@B>F^:? ?#c jAyII ^:S BB I S bX_ TaT ` ^ B{û c ?XB îB{c I Y T bX>ZT v ^XT AC^ Dyc B_DXE c e> T LiI1IK]gJAC^:EdeBD=AH^CBk IVTe c D c BT I[ACBgBi_wJ
I D `
uBc ^:B?D ^:S B]I ]EbXc _[T AC^> c ^D c Bg>@Dv ` J|B^ ^b ?yB ^` BBI ^:?bXT^:B^ I u bXI[T I[^Dv DZA8bXN
c D> T p W ACN ec BY > TT c BA Ic ? d`p
^CBkan{^:?Qe^:4 A Bc Ê I ?t` BbX^:^:BT ?I^^:bXBEU^
I T ^:^bXjODTDFEd^Î[B I[c ]DbXD Bi` c AC> BTj^:I8^ ?tJ S `>1^BB{>ZÎAC?=j bXc^BTB{Y^ I ]gbXT ACAHT ?FD1^> EUcc ^:B/DD@>J > cT TDI ACc Dt?@ e_Y ÔIKT AHJ > > ``
BbX^:T ?X^:^D@I BI b bXIKACT ]i^ ^Bc D Dt AHY ?@T I> cLB?FY ^jbXIVcB > T` BAC^:B?^:^:> T BIVI? A8u klÔc I8_v[>@gI8J x u Q bX4 c > ^T ?XDF^:^B?I ~
?@^^ B{b I v bX` T B^ ^:?c D ^B{c BI kbXIKAHT ?^ ` T BAH^:D?LiÎ[B{I[I BbXYT ? ^c I[h:T ^ ACS DDFEd> N S ?@b BÎ8JS Bg>FJ|^ IKJ g` c Y BT ^:>K?
uT L S > S c BAHEdE> b T IVD@Ic _VACD@IVDEdI[> T{;c eS vX?FI[T eI[u eLiT I[?1> Tc IJ S bX>TN u ^Cc k
D@TEs^:c A eBc B ^ DFI[c E}?B kACACLLgEdEdAHEaI >@> >@T EdI IAC`?FD ?bXc B^T?Fc ^HEUDZIkv[Q/T{T c IyHD1g> eQS ?FACBD@Dt>FI[>Lg? ìA:> _FbXjI T AHc B/>@I[Dkh:I8I[ACAC? ? >@`? u c >ZNO>1ACAj:ev I[A8D NS Li]i^ IK^v[B D
e7 A8Q N ) T BgA8JhI1bXYOT A AHc B{>@I[IKh:JRI[k?tê?X> I[T ? Itc > Bu IA>eu ACb Bi^v ?FbXEsJT v ^` ACc EdDtE*D@> EsT A AHc B> Tc B c D#gec Y ACT D>~
>@eIV?^:B>I[ACN j:` I[DKY:Q#?ZA :c B Q ` <=_[ACT >FAC>@?EdI c ^:`>@b D#ÂCeBiJ I[B T ` ÂH?FD@EUE=I[D D@` ^:I[?@Ed>FI[D] ^CT k ACB
u e>@D ÀC?F]ijACI[?Z>AHACD@L^:EdEUIKD v `
Y> T ^
I[ê J
Du AHD c BgBJY:EUNhvyACE S_Î[BiEdI[ DFS D/I[?ec BI[Y>ACEdu D> T LiI/I[Ed]i^^B{D@YDFI[D@>FDF^ ^?Tv[c Q-e :bXQ T ^) >AC>FIj:I[>D
9
^CAkX_ > T T ^ Ic _IIK]iJÂ ?F> u c J

ÎKB _wEGuAH^C?@k1I[D> vyT I> T LiAH>^
û >> NT vtI>FDF^Ês> J T c I[I?FDZj vfc B{D YgT AHEUbXE"T ]AC?@>I[DFTI[B
AH>D
BACe^>^LgBIVYtI[ACBEdE*>Z>AHT jI1I[B D@^D Esc J Bc Y:I[EU?FN DK`Q e S D@>LgIJ c D@>F? c L S >FIKJ L
N> T Ij c BY
:$X:T
S:T ::C:
Es]gA ACb ?F>k`"^:QbX? bT I[AHB ?@? D cT ^:I?@D8AHD@CD#>Fk? Li?Fc ^jI[ezI[I[BD > T{J
T{cIKc DyD"_EsEGklACAÔ?Fb IVIKD JAtc >B(T DItLgT ACL{AC>FEG>F>@AH? EdecINOQ3I[A1Ed:I[e DFD S Q ` D@]>o' ? BI[c e^> >XIVT{J
hc eIAC~ E
D@YO>FA ? c c B{hIKItJy>FÊdI[> Y
ATcc BebX_[TAC?FAHI> k S T EdI EdNyT ]AC?@DI[DFBI[^?@>h:INiI[>1EdI[>Y
A Tc c BeIKJ*A S bXY:eT AHI[> B
>T I bXTT AHAHD>
TD@>FI^ b ]{?@I[^:DFB I[?@bh:I[^D ?F` > T AHN3BgJ ebXI[BaT Q AC> 68T 9I 9 Q T AC' DI[>A S TY:c eeI[B
jO>FB{IK^ J b EdI[> > T AHT{>c e> T LiI[D@II ~
c>ACD@T ?F>@IIVIVeBg> T_Q IKI1vV68k9^ Ed6 S I[Q ?X> +eTc TI8e ACACB`*> D=bXT kIc ^:> T?XT ^ ACD@SDIK_>tBS IV^? hc> BI[uY?yNIV>> c>ZT ? vXIc BY
A Y A c `ceB]{IKD=?@J ^^C` ]ik EdI[T
I[?F> S EUNeT{c IVAHeeB ]D@u IVIwEdI[^COjN ~
u
u
]T>F?@c ê^:>@YOIKA A_wS >#c BgYL
vfeN/L
I[_[NB
AC>?FIL
Tk N cS DZEvu hACAHAC>F?@>@? eI[c ^B
N*S > cDt^:bXBaeT ÂCbXJ
> T IVDtACT > I ^CTk[T v I ACcDT BgAC_Y
D?@A I8]c ACB?@D IK^:c JB>@IKY` _wEd>@cI[IK>K> J`T{AHcEUBgeIVJ >
bXb ^:T ?@AC> > T NT I eT I[BiAHDv[Q A 6KS 9 YneQ I[' B
I[>@> IKJ T` c eEdI[> LiItTc I[e!h:I[?#E c Lg?FIKIVA?ZACJ|EdN/EdN>@^LiI[DFD@>@>F? ^c j:b I ìu T^:c B D
]_^?@^Bib _IKI[ACDFEdDIKJ_^:` BAHD@Bg>J1ACB
EdI[>@>EdNTcJ e-c DF]_ÊsA8B{ND@IK>ZJAHB
` >@AHEdBgN1J IT{]c D"Ed^D@?@IKI"_?F> I[T >@I Dtb _IK^:AHBjOD@>B{ACI[B
D@DF>@I[EdN D
^C> T k I TcbXDT k^:^
EUII Q b 6K^9:?@x EsJQ .D@>kACBgTJ
c e D c BbXT A ^ b Ic DaEdAHI[E > b TA8N
c eD#?F> IKT AI[J
?FN Ik^:>@^?@ID@e>@? c AHjjI I `
^CBACk=Ed^tEgkA_^?F_[?IK_w_AC^ I> S Q S B
?@>=6KIV9 D#>@i?@D I8Q S AL_' T I[IKI[> _?F>X^ TS>Fc êDFEUN*TIVcieh_[I[ACD@??FI[IE}Ak*k _S I[> EdhEdNtI[bXBcY > SL
T NyAC^ ?ZS >J >tT c B{I1Y Y SI[ecTEdIc ]e` Ed^CACDFNOI[BgE}eJk ` IVEU^:BOIVB >>
T6K9:c e7 Q AC%XE b c D1A8N
I[DoBkIVACe> T Nê ezS > D@T >#IB{>@^?F>#IKAj
_ BT ^ I[b?FN TbXc D Tcb _ TIKAHTj
c BDoI[kD@^
DFI[I[DXD ` I[LeS ]> Ed^CT NOI Q
eu TS c J
D@>"IVD jOB{c >F^ Db E c >eT LI Db v ` IKACI[j
h:I[BB(I[DFD@D@I[^D1Ed^HI[k> TTc cDXeI[BD@IVIKe_ S N?@I AHDX> T > IT Ife>@I[ê?F>@Lg^ IVc DF?@ID
uT^Hc k Tbc DY:b^ChI[?FBeI[cB
>AHYOA 68c 9 B{D@>y' >@?@I8A_TT c I[?FN|v ` EUIV> T{c Tc eS ]{?@^>FIK_>
cTBc D1YeD ^ ] u ]gS B AH>1> ckI[Î8B
?FAC>>@j/EdTN]iTe^ c DtIKB
J D@>@>FD8c >?@Q ACI[B> c Y:B{>{YOT Q v==E cE jcIVj>IIA A eT b I[?F^]Ê}EskBaAC` BEUEIVc > jID Tc AReBiE J
c ^:DFI[BgB ?@AC>` AC>EU_j:IVT ~>
u+Tc T DtI[]{B ?@I[T NI v["c DyE c > j:T
IS ADyI[T BACY
?FIAC`YI8EdI[J > c TB3c e_^BiJ| ^ S S I[LD@Ed> I ` c EdB I[> ?@I[T>Fc ?@eIKAH>KD QS L*68J 9 S {I Q
A]gCEdI8EaJ > c TI[B
Iy>@^D `]]i_^:^BgB_ IVc BOE c >FACD > c bX^:TBMÂHe BgJT Iy> T eItA8?@IVN D@>KQ BgJ 6K9` L
Q NW >kT > I T I[u klN^ S _[AH?v#BBIw^:O>~
Lg^ChII[DF?>@_^:^]e ]gc I8BJ YLO> TNI[>eT IL
>NT k?@Î[I?_I ?@AHDF>tEdÎBI ]i` IKYJ ?cAI[J B
S >@DACÈdEdN> T L{I[B? c BEdI[Y/> > TT c I[e e `
>@> ^c ^DBS ACLBiI8J_>> cT Î#B?@Q IV6KD@>9 `{>Q T ) IeEdIKÂCB?FBYXIK> JT I"AHEkb^ S A8?N
DoI?@]gIK_wI8^J ec I[eB
>@I[D Bg` Jy_^:_Bg^_ Bic E_ c c AE~~
c^CACk> cj ^:c BBY
ACJ
Bg^J eu DK> Q T It6:6KI[9eQ ]) Ed^CDtN
e> T I[I B
>b ^HI[kwI8v"J
I[k^:?y?Z]_I1E S kl_F^jO?=D > ST ]It]{> T?@Î DF]gb IVI[? IKc J
>N D
jbXACBgc T B{J^YOJ
]> ^:?FT I[e?@D@^ IVS ?@AHhY BgIVT JDk^>J
T EdIVEdID@N>@_?F?^C^:ACN?@D B T T` EUNc IVDh^:I[^]B ]]]i?@D@IV^^D@BD@EUIVIVIVBO>#D >F>DKTT Q c D1I6j j 6:c c BB6 Y
YQ J
]^$X?Fe ^T >@AC` I8>u _bX> j c c TEdBEscv Y D `
>@E c ^:klI#YI[AC> BgT JRI[? ^CkbXT{c > c TD=j T{c c BDfYO?@J
I[^:EsACe> c Q h6:I[D6 `n{QI[?@) IDXEU^:> TBI1YE Lgc hII[D=J
I[^C]ko? E c c hh IKc BJYt^C_k ?@I8TA8c D~
>> ST ?FII[EDc h:AHI[?@DI^HJ|kaI[j D@c>FB?@^CY:NDI8ACJ/?FIL
J
NIV>@D@^:>@?F?@^CeNIVIKBOJ> cL
BNyY> > T T I I c c?=?#^Li]^]{J ?@cI[I[DFD D `c BI[Yh:I[> B/T I DFc ^ ?
j^Lc B{DFYOI[?@J
h:^:I1e> DKT Q I 6u 68kx^:QEUEd^W BtbXYc B^CY
h:vaI[?@? B S c EdBI[DKY |Tkc^Da?Xj A1c Bj YOc J|B^Y ebXTEdI[^> T{Y:^Cc ehI[?FAHBE b D A8TN
c DD
j_^:c BeYO]gJ
AH^:BOe Nb ^Ck#I[EdD@E ^:` EsIKJ AHc I[D ?@c EdD N3` _]^:?Fe^DFe]gI[AH?FBgDKJ
Q IKJ 66 u gL
Q NA/' I[>F> ? S TDFc >e!N^ ]{ EGA:__IVI?Zv A `
>LiT IKItv#eARc]J
?@DF^:>>@IK^C_k> >c ^b B/^ ` ^H> kT > ?@T I[ItI `{j c Bh:YOI1J|^^? eT
Q S Bg6:J
6K7?FIKQ J
' D1I[^C> koT{h c ceEdEsACACY:]{I[]gD ` ^ uc >FB
^ >
u
EdDZA1ÂH?EdBg^J
J*?DXJyQ ^C^C6:koh6 > I[b ? Q I[B
$XIK>A:TN _ Iy` T EdvEd^:^?Zh ?ZJ
cJMEdDXEGAH^C^HYkkI ^:A ` BAHTOItD S hbBgc J
IVEUEsEU?@AHE*I8YJACI D"` TAHEU^:Bgc ?ZeJJ
DFD"EUI[^:^CE}?Zkk*J
D >@D=TI[B^CACkEdEh Ayc c EdB
Es> ACkT ^:Y:^ ?@I[Se D ~ `
>h T c EUIEsAHEdYÎ ?` J/ACBg^HkJ1>F> I[T B3I=? h S c EdEdEGI[AH?Y^CI[kgD1>F^HI[Bk> u TD T IAC_EdE
? ceeAHI[jDtI _T^:c eDa?Fe I[]ic >F^>@?@IK>J v>@c B^#> TT c ID
?ACS EdEEUIVD ?S _^CT kg> u b eI[ACB
>F>>@N
I[Q ?FDZ6:v"6 >@^tQ ;"> T S I#>oEd> ^:T ?ZIXJy? ^CS k\EdI[A ?TO^CS k*Bg> J
b ?@I[I8B
J >` NtACD BgT JRAHEd> EOT ?FII[]iEd^^?Z?@J >
^C^Ck#kAyA > T
T S ^ BiS J
DZ?@AHIKBgJ J*DQ T 6:AC6 EdE Q T{$Xc eT D@Î[D@E}I kYu ACc h:?@> I c _c EdB
I[kDZ^:v ?@ebXTACc> _ c T^:B> T >@Î1h > Tc EdIEsACEdY:Î[?Z?@J D
ÂCSBiYJT k >#S I[>FÊ ` k > S T ?FIB cEdD^T ?JJ^CA kc EdN^:B>FI^h > cT EdEsIyACYj I1c B{D Y T ` ACD EdSEa_ ^:T L>ZACA Dc Bak^
Q ^|6:J 6 ` {J|Q ? $Xc BT j I `
?ACS D=EUDIVS|? ^Hk_I[>FI[D=B k^:u ?h cÊdBEsACIY:kI[ACDZevD c T EUNACv EdE` > I[T BKIw^C? NS Ed^:I[B?=IX^CjkaS > bEsA I[B
u AC>DN e h:S I#_ T j S EsACEsACBgD J `
>^CT k[vI^:D BS I1]gI[h ? c c EdBOEsAC>FY:I[BgI `J
>IVT BOI1>Ed^H^k?JA ^CTOkS AtBgJ
> T?@I8^ J S DZh ACc BiEdEsJ ACY:u I[> DT I1u > ?FT I[IhI[?@B IVS hIVI[DB S ^HI[kwDv
A_^:>@B^ Bb IKBa_>FQ IKJ 6 n bX9 c Q > T $XuT > IT I A8c a?vA c h ?@cD1EdEs^HACkY:I[> D#T I[ACD@BgI JMu ^> T I _c ?1c ACD@EdIVDZv]g`*ACbX?ACT>@cI_ T L S AHD ?@c I ~
Be I[S DFDDF>` LgAHI8Bv^>Ed^CT NOI[AH?Ege ACBic BJc D@B>FI[I[h:?I[?X^Hk?@IV> e T I/c D@D8j c B6 Yn 6 D Q T ) ACEdBiE J c Bc BDF]gIKIKA_w_> T ` >@u bX^ b T B^
EdhI[AC> >FIKT{J c ec BAH?]ACB]ij ^ c` B
k>^?Fê BcI/JACD L{S EU]iI I[` ? u c ?FB
I[>@D@I[I[BieJ
L{I[B
E c >BY
^HvkAyACEd]{EEGAHABI[A >1c ?FACD e` IV^:EUBIwY ~
>L
T NI> D@S >Z?FAHB?@DtD8Q ACEd6Ean> nT Q ^DF' I I[u>t^>> TT I[AC?1> ^ u e AC_ cBgACvEdDACv[Eb EdI[A8> N
D1Tc ]ieI[?@]DF^?@Bg^:]gAHEUIVEd?@N/EdNh cID
c >~
]]iEd^ ^c ?FB
I>@IK> JRT I >@c Ô?ovLgIKI AT _ A8T h Q c ^ 6 S n ? x cQ By0 > ^T ?I >c ?T I1J c D@DFI[>@?F? hc _AC>FB
Do>@> D=T ^C?Fka^ S> T Y I#T j DF]c Bc I[Y D `:bXu AHT ]
^ ~
j
>@ACI8?FBg_ItA8> hACTIV]Dc ]iDX^bXD c S TB
L>@ÎKI8JyD@_I >F>@cd^D I]{AHYO?@> TÂ >FIc B{IK_D@]>>X?F^Du >]iS T I[_ IT?@>]iN(u I[e^:^CIV]ktBgEd^:IKv[v>Q T` 6 Y:I[nH?FI[DKgBXQ I[?Ed' I[ACI[> EdEd>NT> c LgT eIKIt_wj ^]ce?FB^CYI ~
_I[h^:Bc E}~e DZ_Vc ACBi>@J
I IKJ > T ` I ebXA8NT ^>EdACIj:I]?Fe^]iÎ[B{?@I[>NN(k^C?@^:kte> T D^SDFcI >@^:u ?@^ D ` AH_ cBgACJ/EdDZvLiACbXB T c D ^ T `
>ACT BiI[Jfek^Q ?o6en IV7 B Q c AC0 E
^D@?I[?FbhAC^B
e>@D IV` BEdI[I[> eT]c e Ed^CN: IKJ A1c BJA > c T EdNtIe?@^CA N
c ACBOE=>FI[D@BgI[AH?FhBgc __wI I `
c. BB]{It?@]g^]iAHBg^?FAy> ce ^BS DF>@>^Li> I1T YI cc ?1hI[]iB ^Du cJ> A c ^c EdBNvACAHBgD Jb >@ÂHY> I[T DXI >Fc ?^b > T Ît?Fj*Ed^ Q b 6 I[n:D@> `Q
DACc BiJ>@^^BI> T J
I ?F^TBgc Y ART ^CI[kDF> Y:` ?ZEA c c jB/I bXIVhc DFI[I?FN/_Ede^> ^:TBOc >BT YQ I[6 h:nI[?@NQ % D c A8h c eBY ^B
b > I[T EdDE
_EdI[^:BBY:D > c TJ
I[^C?FIKk[Jv1> u T > IT I/?@^
?ZAAHJ >@I[` Du > ^CT k[IvyIw] |S ]i?I[_ BT DFACID@IkÂC?BivJ k^
u^^HJkwvyACDZBgAHJEdI _` ^:uBg> J T c I ~
eeIVAHBOj>FItD `> T > IyT I/>@?Z_A:T J
ACI[?@?FY:DI[]gDyA8^CN/kJ DFSIK_ >SNOQ? c B6 Yn{> Q T I) kY>@^
I[^? J
u D J ` S EdI8I[vt>_> ^T B{ID c j J
c I[B?Y ~
ACAC>Bic J^B>ZA> T I[ID j c cBBY/D S D _ T T ACEdA/E#AHeE b ACBA8N
B{DI[?t > T ACc B >yLgTc^:Dy> T3?@IKTAHEUI eTc > eT I/DFI[E}J kS AC> cBgI[J D
>6 T n:IQ e) ACDB > bXT TIyÊdI[J
IK^
_ TaI[D1` > > T T II _[b AH^:E}k ?@`jAH?@BgIKJ_I > c Th:IIyLgu > IVT II c >?tACjJ IfS IK> vXT I ?Fc I ?b kAH^
?Z^|J*J Q
Eec >@^>@EdJ
IIVL
?ZACN1>FEIc >@AC>@BEdI B ` S I[AHh:EI[>ZByAD@^#I[DKe Q S 6Kx:D@>a9 >Q T )I=j ckB> c Y1I[> J
T ?ZA ]gb AH?@kl>*?@^^Cke u > T{T c ID?@c BgIKAH_?@EdeIw~
e> T IVIBOI>FcDaY ^:T Bg> Tavo`_[ACD >Fc >@Ed> I#TaAC` Bg^:Jf?#Y> b ^:EsI[J1E}ke> T A8]iNACLg?@IX>>^CACkj> IVT BIL
_Nt?@^:> ]T DKIQ j c68BxY 6 ` Q AC%BgJ I
ec} IKA8JRNLACEdS DF>@^>FI[>? AC` j]gIIV> ?T k SI1eD c I[D > ` T u e]iACIK?@J >Xc _V^HACk\Esv>F?@T I[I[I[?FD L` D e` IKD SAH>L{`:D@T>ZAH^BgB_IVI[N D ` S_EsDFAHIK?J ~
6
kEdIKÂ8? h I[DA8`h:^]iS ^?>c~ B{T Y/I[?@kL^

D ^` J Y`"?AC D@^ D b ` I[u ?@^:D L` IK?@^
_>F^DZ>FvyD ` eAHA:BgJ
JIyk^C? k#Sc _[>8AC B6KI x ` nD@Qj c B. D k `
^C$XkaT IK^ AHS ?@Y > TT I[J
B/N h:c BI[D@Y DFI[u EdbXD `c > AHTBgJb ACACB
EdE>v u ÀC?FA> c j _cEdBI[DYv=e eS AD@J|>XI#B^C^:ko>D@Ed>FI[^h
BN/IQ A68>xA8x Q
ê B S D@, >f?@^]g>FI[? ?c NOc D AHT D ` k?FAH^Bge JBT
^ S B{, Y?@I[^:?8>@Q? c N
6KA x ` g?FQ I[D $Xc J T c BIY j c c B B{YOT{J
c ^:D1ej c B^CYOk1J|> ^T e AH> `
jbXc c B{EUE"Y `
I[hc B I[B bX` T I[^?FDFIIEd^:J
B^:eY ` c BLic I^B{AD A c _w, >@?@IK^:J>@? LOc N
N AkAC] e c Bc IVBD I:bXQ c >6KTx7 T
Q S B% Y:A8I[h:? ~ `
c^CBk[Yv ACTDc D_I[_?F>ZÂ Bic JBS I8J_> T` c > DT EdIIKAHj ?@c B B{c Y/BY D T c BAHEd>EXT ]I1?@^Ch IKc JJ
AyIACklBg^?J Tu > c TeI1e] S IK? AHc B>N D
^CD T k#AHD EdS EOL]{D ?@c ^DF>F>@IKI[_Bg> _wITc ec Bc A:By_[I[_h^:I[?Z?FJN AHBgb _A8I N bX` ACc D> T A>kACT > IT I[DZ?A_wu ?@]IK?@J(^:>@EsIKA _bt>FDZ` v"AH> BgT JI
Esu AD bS _ k TS EiA D@^; B?ZA^CkT eTc AHD#BgLiA^vJ
]iNOI[Q ?k68^:x ?@eQ D +S T BiAHJ
>@I[I[?yh:I[> ?#T IRek I[S ? Edc E>@^:]? ?Fc ^^ >@S I8D_>A:c _^>@B D
^Cj k*c B{> YOT J
IX^:j e c BcY Bg` _w> ?@T IKI[AH?@D@IVILOQ N68>x T {IXQ j ' c I[B>Yg>p DoT EdItI[Bj Yc B> TYye^CkaAHE jc kI#I `C> bT IIKAH_EU^:> Tae` eAHBg^JB
cACB EdEdT NACL D@^c >eACB
It>@>@D1? c}^H k I T`c bXDtT?FIKc _ ACT Ede c DbX_[AHT EUÊdIKEJ c hAI>ZL
AN/Q>@?A68x _ Q ` 2]iA8I8N_ T ACACBB B c S_D~
EsIKACACABgLi_ J T^ S ACe??F>`^c T DZB
I1AH> BT eD Q ` A86KNACx D _[AbQ S I[' D@EdItIVE> AC>F^TD c b,
eS ^J
?FBj ?ÂC>1u D k_^:bXS ? >T T^S c e] D S D@TIVLc EDD#k[c voDF^ >t^b B{L
BI N/?@u ^
eJ{^:A8AH> N|B v u S L
c ACBN E
EdD I[c hh
IN c YB?FYfI[IKBJ*^">kA8^:?I[DL
v N3` B{_ ^S ?=>F> > c T BI1Y ?@S ^
]^:>XT{^Cc k\Dy^:^ > b T B3IV? ?Fu ^
e^>IVBgu vo^L
?N> T IgI c _?@IVDDv ~ `
TT ItA8h ec BACYjIV_VDAC?@TIwck eS EdD@EdNI[E}k\_^:^:B?#D > c TJ
I[I[e?FIKJ b u?@IKI[A:>__ TT IKv#J*A8Q aA6 c ? 9 ` Q Li' ItI[Lg>^:> > T T ItD j T c ACB?@Y ] `
T>ACc Bgc ^Y JBT EdY^CN1IVkXBO?@>IV>FT D@EdI]iIyoIKL _k>@S^:I8?tD J*c B{AQ I[j6D@Dy c B{6 ^CY Q k+bXeT T I[^ BIVB ` c DtEdT I[LgI> ^:c TD\> cT >ec ?@D IKT ]J ACEsA:?FbX]3_Ic > ACT ^:BgB> J T > I Y:T I[cACB{B
>1>@D@Ed]iDFI IKIKAC_Fc >~D
bXuu ^HBc kH^:> TLS Ed>IKD@T >vcIXk_AHI8EsAev btTc Ed`8c NDbXQ _ c 6 TD@
I c In` kaD@Q I[e % E}kscA8~@B _h c^:c D@BBO>FY1>FI[?@? >^:` TOEUu EdS bXIKDJ T ÀH^yAC?@?ZeBgAHJyBS YD@J
>oI8I[JDLi_IKACI[v=BgEdEAJ|> _[IKT JRIS kAA8?@ca^:B
eA >Fc IK?FJA D
u ^Hkwv Tc D Tu cY:^ChS I[?FBeI[B
>v 6òT x ID $XT TAHEUE uIKAHEd^ S DFEUN3T AHBgbXJT _[AH?@Ik S S EUEdN
]J
IK?@^_^:e >F>@DIK`*_wACbX> ?FITc _[EdD1IAC?FD > ? T c LIKI[JNI8_^CEd>@^ 3D8S Q L
J
NEdN ?F_[^QACLEdLiE I[u ?FkAHD^:> ? u qT eI[AHEd^:D@]gN Bgv S AC` v?AC_ kBg?FJvê T IT{^cACDFDfBiIjJ D c BTL
YHc D~~
D@E c I[h ?Fc hBACY B
>@u jDc BAC?FYOI vVQ u 6 Sgc I[Q >@$XEdNT vfI EU^
T^:c Y j T c BI[D@Y>X^:J B S `>Nyc D^CAkaAtJ
I8AD J3T ACAH>@Bg? c JNOA B{c^D>>FÂ
]% S ?@A8DF^:h>X>@cIKeB_wYy> I[B
T{? >c c D@Dc ^:I[D B BS IKLc J Bw`
IK> _c TDX>@DItLi` ÊsklAC^S DF?*Bg> >JMbT I>@AH^ >Zj _ cu T BJ Y c ^CDkbX_ T >T ACT ^?FIfYI[BItBKc >Y ^CT TN
AC>Da>`
> v#T T JA8IhS ?Fc>I BN
b YyQ AH]g6 ?ZJ
IV7?D ~ `Q
kA^?F_eÊdEdIKIKJ _>Fu IK> JT Ie ? c c Bg>FIJ ` ^H^HkwvI[]g?FI[IK?FJD@^:^BgLACEsEAC> ] c S^B? c}D c_[B/AH> > c T^BI `* T ?FIA8h` c ACBBiY J `{bXT A8c > h:T ~
cA BS Y J c b IVBg^_?FID TbXc ]T]ic _IKT J e ; S ?ZAD@>=T e]g^:AHD@BgD@ACIVD@D D1`=>T T I/IfD eT ACACEd?FEXj
I[D B
:>@I[?u _> ^T BI D c T J
AHI[EU?@EI8J^Cv k
AYS?ACDF>] c ck_Nc ^ AHS EdEaD D u Sk^:L?IKA_J>FD b I[u bXEdE cT B^YOvV_Q ê6
I1Q >@^$ AHDFI[?@I?@N Tc Bc eY> L
T NI[?FARI `:j T c IXBiJD T ?FAHIEd~ E
T_6 I[
c D]> Q D c S^)BgLwv=DZIK_AC_I[Bg>@BiD JJ `1c A8BT kY3I/>FI[?D> b TT IACACEd?E#LgJ
AD#>AC_FJ j3j:c ID@^He k_^c AD@S DBT> D@Tc I[EdI[E=E e^bX? c >T A T(A8h >@TIVc Bc ?@D?ZYyA:e J_Ic c D@`B e c u D@cAC>FDFBgI[D@?@IKJ{D8J v Q
?@I[I[D@>> c` ? cEdBI[> Y Tu c > eT I[?F_IK^v BD c SBEd> A bXEd^c > BT I[Ed> NT I[]e EsA:_S I B` ^:^L? D@IVc ?@B(hI8A J*Q D@^:6 E c
>ACQ ?@N $XklT ÂH?>~
jLcEdB{IKJ Y ubXk^:T ?X^D@> IT IfD@IK] _wS ?@I[?@]i>^]DFEsIKAHv B` DtJ
^^> B{T Î[>?yJ ]gc IVD^_]^ChEdI IV` ? ` u > u TbX^ c SEUEsYv"T I[vyBKAC^CDFND@I[> eRT I ~
bXT ÊdIXIKAH?@> Ta` > T ^ S Y TT IXLgI]g^
^? c B>@?FIKACD S ?@IQ 6
Q ) >> T I
u
u
>T6 T ACAH7Df> Q D SS 2 BgJJ|J|ACI[I[??@B_ >TEdACN3c BjIVYACBg? c vtDF>@I[^L
B N/ÀC>F^:AH>ZBBgAIJ _FjAHuv Ed> ^T c BDACI > DA bXS c BgJT J
I[>FB3IV^?@>ZAHLiAHB jII[S Bi> ?@b vtY:^HI[L
kB
^N >EsJ ê`BACI>@h >FACcdI[ E}?~ Q
E^Cc ktI8J > b bX^3c > jT c BgAJ
D k?` c IVu Bgh cdJ* Q Q6 > :T ACQ > c,
Bgc >F_ >S c eBYLgI[ B
S{>c vyIV> ^Bc D^:DFB>ZAHI >@IKbXJ(T ^>F^T LgAHI D
kYAC^??F?FeAeJ NtS I[?AHD@>FEdA:EU^N_]>@D DLg` I[u cIVACBBBiJ^:b Bu I#I8> ACT ]{jACEGIV>A:Bv _IKIKc JBRv=ACkL
A8BgN hJ ^ kcS AC>@?>FD=I^Cek\ÂC?ADF>@kc B?I[c? IV_Bgu ^:c J*BBQ D@AHI86 B :^S > I[Q T BgWI[_ka?ZI v > T c^CB I k
^ ?S J
A I[c B
?X>@>@IK^J IwbXc IK> _wT >#> D@T ^:Ieh Ic ?@] > SS I[?@D]i^^HDFkgI > ` T > I=T eAH> I8ACc DD S _[?@AHI[EdDoEUI8^CJkiL
?@^CNNO> AHT E
^]gDF^:IE c A__FN ~ `
>J
T IKI_Es>AHb ?@IK^HJRk^>@Es^tJyLiJ I#c h ^Hc Dkac ^> b By^t^Ckaj c> BgT J
I#D kl` û ?Z _w?@I[DFDK>ZQ v6 k^?"Q > T , II[IV] j S c B?@]iYy^?@DFIwI1k S ^CYkaI AC>c D~
>Zu DFA IKc B_^c B{BiYJ
EdAHN|Bv Ac B/J
h^:AH?ZB
J
>ZI[AC?1Y:>FI ^bXLiT IKI[_B ê^BII j
cBD ^ Tb ACB ?ACACD@eDFIK^:JBLOYyN> T I[IyB{I[h e c ?Fc > I[S D ~ `
^j Sc B{D YOu vXACj
D=B> T^ b I#D ]?Fu ^> >@T IVACY>ZI#vf^HACk\>1A1D@^:]ie^ b IfI[k?S k S > SEi?@j Ic B{> YOc ev[Q I 6 :Tc DtQ D+S ]gT I[I[? B c û ? > c T >NI
u
u
u
keI[c DZ?IKvXvXAH_wDE cSI[>@?@?F>@>I[EdAIDKc Q Bc BK6 ` ACS 9 Bg?FQ N J ;"` > S >T >T I[AHbXB >ZT vXEdI[I[ACB> >XTT > c IT e It> TT> c c BA8ehj
ItI#DAH]?FIKEd?FE _I[^TD@IVSc DoBO?@D@>D IS LT>FwÎ IK_]gbX>@I8D=c AEdE*>@_ÎD Sk LgS ksI ~E
IIgg_ACI[Ed>@IKI8J J c B{u Yc B/EdN]g_w^ ^b B
I[>@I[?vB
` >FIK> TJ I[` B AHBgEdI[J > uT> c T eAC> eT ACIKj:v I Tb c eAC?KD@Q IVE6 k u 6 c DQ v1+eT ^:I[D@B >
TD@>FIX?@^j
B{BY ^ `b ACD BgTJ c Du > ^ T b ACB>voAC^C?Fk eTNc Do>FI[^BLiIVeI_NtT > IVT I[I?k S?@I[E h:c I[B?@DFJ I c `D@]i> T Î[D Bc > c EdÎ[B> T{AHBgc e J
e_ T AHAC?Z? _ c ^:T >@DAHYOAHA Bgc B{JD@> LgIKTAHc DtD@>FDklÔ^CI:k1Q L 6 S ?n{J
Q I[B-;S AH> BgJ c k c T B(I >Fc ?@Dt^
^h:]I[?@D N ` > b T IKI[ACBj EUcIVB >
T6 c ex Q _[AC+?FIT k I[S B(EdEdN> T D Ic >j c BS{Yc IV> j
` BY:^ ?Zb A:DyJ S > ACT EdIEdNIVB_Î[eBg_ Nc E c >@AC^> c BLiYITD@>Fc ?@Df^kB{^
YI[I[DK? Q
cAB_ TIVc hI[I[h:?FI NT?Fc I[DD@]]iS IK_?@]i> ` ^>D@TI:QI[B6 HEdgI[> Q T{;c S e> bXJ c T h IVc BJ
I T TI c D#c DACh:?@I[e?@NNI8AHACBgD Jc EdN> TOACS DD~
DZD@I[A IVc Esj/AHL?@EdIIXk S LOYNyI > bXT I#c > klT ^?ZAR_wI[? DXc Y ^CT ko>@IV> ^T SID I[` B]gI[êb N I[` ?>k TS I[EoBj c EUB{IV>YgQ Tc 6 e 7 Q S$Xc _FT j
AHEdN >
u ]T ? c Bg_IKv bXT ^ TbXc EdEg_^
` I[?_I1T{Lgc ^:> TT{c D u J c D@Ed^CN
bXACc EsvT D S LI8_>@D#AHBgJ
>E c j:ItIAHA?@eP NyS ? ^CS k\Q > 6 I:k^
Q I +EdI[T > I[B èI[h:I[I[hB I[?Xc BDFI[?@> h:T I AC> u >_^BgI[J h:c I[> ?@c N^BgIv à^:T ?@I>
D@bXI[c IV> D T ^ u >S T > AHT >ZI[v1D c I[>h ACc > E c ^:c DB _[T A A8S h:D@I\I8?FJIK_L
^ N S ?@u DFD IXS >@_ ^T vfb ]AC?8?@^:Q >@6 IK:_> c Q ^; B N` EdAHI[EU> E uT{> c T e I
kD@^^
S v?Z> v=T IAC>X]iBIKI J c c> I[T B
I[>@?=DtkA? c I[]iBg^J
E cD > ` c _B^:]?? c BBiI _S It>@?e ACSEdD DF` >#BAC^?@?"?ACk^
BI[Y:D#I ACu ?FeI1ACD >FS >@]iI[I?FD~
?ACc Bg^JM?1>F> ^T I T{cc eeeD@I[E}IKkZJ Q c AC6 >F:I#?FQ I[D ' S I[Ed>>FDT^Hc ekACk EdSE EdS EdN/BgJ
_IV^?@B{>ZDAHc j J
c I[B{?tYD> T` IyACBgk SJ> S> T ?@II
Yj
^
B^^ bJ/DXACBi> T J/I1LgY:A:ÔJ/^JD c J
ACBiI[DtJ^H> kT ItAHEUI[Eoh ]gc EAHD@u > bXuTA:c __T> c ^:bXBc DZEdvVE*Q ?@IV6 D S {Ed>XQ kl% ?@Î e bXTT c ^ D
>Au TA:__>FIDZ> cv]{^?@B{c I[BDZDFv I[> ìB
T bX> I` c EdkAHEaS BgB> J S^:?F>#S I BgLi`=J
Ic I[D_?F^:D@ >BgSAC c Bg_FS jJ
I[D?@c I8B> J*T Q kI^:6 ?@_e ^:9 Bc Q BD@IKY' I[?FS > I[IVD@BgT^:c_E eI[S D> c AC^^H?@Bk#?DfAC]gBACkY:^:DFI>?
kI[6 ^
h I#IV6 ?@eQ N
;> A8TSN c >Bc BKY c ko Sc > B?FT I I1D S Tj _c ceT BY HAy> S eT BgAHACJ
> B{I[c ?FBD=>ZI[AC> ?XTj:>I[IT DD ACSAH>XBeBI^^Hk\]iAH]iEUIKEdJ^N Ec` c> B{> c c^:^_[BMAHBE AHI bXYOS A c>FDZ?Zc J
B{AC^:D@Eo>Xe^:A ? Q
Tk^ÊdDFEd^> cbXEdI#c Bj Y#c BeYOJ|ACBêB{I[` ? >` T AHI[YOBA c EdB{I[D@> > TTc ceD"kY:^
?ZIA:p DJ S _[AHAC]EdEdcN>ZACAEJ|Q h6 AC:Bgn_Q I '`
cI[B>=>> TT II
jD T c B{A Y ` S^:?BgJ
>FI[^ ?Fb >ZACAHj:?ZJ
I DT>c DtT IeeAH?Z^_ B
T> T c BD>^CT k I T BACIEdY eS BgÂ3B
> AHTBg2J-AH1?@YOA AHc >FD ?Zc A?~ `
A^>_[T_wÎ[?Z?aJ > cc B{eYI[D>@^`KbX> TT I[I B u T_wÎ BgT J AHc D\> c A^:B/_I[^C?@k>A Tc Byc DZv1]?@AC^:?FD@e]iNOIK_Q >6 ^H kgx h Q c _w& >@hÎV?FNB` ^:AH>?
>> cT eIIXJ ^CS ke_wL ^B` D> ST EdI>ZACL> E c c ^BgBJ Ed` I[AC> BgTJc e> T _[IA S J
D@IKI1Ak >@` ^yACLgB I1c e?FI[AHeEdD ^C` h:h:IKI[J ?@Nc J ACc ^Y:>FIKD J `
ec BIVE B c eòbLDK^:Q e68I[7B 9 `Q Lgu ,|AHS?@Lg_ TAH?vXc ACJ
B{I[DFD ] ` c > _[T ACILEdDI c _Fu j ]iÌ[?FACD@Bi^JB{DZ>v T` Ê c D@jII bXJ
Ic DF I#_ cACIVB BOc > ~
e> T AHACEd>D ` ?@ACI8BgACD@J^:B ]iACT ?@>I/c _ e S EsS ACD@?F>yEUN Lgb I^_VeAC?@I[IwBk S LiE I[>FbX?ZA8c > NT D@?FIKI[_wD@?@]iI[>IK__w>^ S >@^Bg_ > c ET |I[ke^? Q
LiT6K7{c^|e6J Q cDFEdI[NR)E}kk>yACAH> eEUc^:Y Bc S JII[JD1A8^N?AC?@^:bXIy?c ^C> AHhT(>tIV? Te ` c D Edc I[J
> u B e Tc Y cc eBT >c DF`*J
>@bXI[IV?FE T DZc LivI[`BI[?Z^:AHTB>@c I Dh` ec I ?@c > I[> S B
T I >ZI[ÀH? E]{bXACEUI8c Bg> A8TJ ~
D^CS ko?@> I T ` IVAHD@IBgJ u A b c eIKACDEdv > TabXòT6Kc _7 T n{Q AH?@. I1B ^]{u ?F]gIK^:_D@^:IKBgJ_ c >FE ^c B{I8YOAvX_ >T T I^> ACT >@I[>? A ` c ^BBeLgI[B
Iw~>
D@D@>F^:^ BbXD c uBkY?F^Te c DT JAC?@A eS Y v T `>F68I[7?@x D Q c .BBeD@ACIV?FBg? J c ACc BY:YI ` AHACeBgLgJ AC^:DFDZBAJ|jÎ[?@I[D ] ` c ^B{BY > TT c ID
T^C_^:k A8eh Tc c]^ D1EdS I[D@?"> ] c ^C^:c I[k BD8u Q >^CT k 6KI S7 bgBgQJ|^:I[e. ?@>I[B ACB j > cc T BgBI vYD TbXcu T D ACÊdT ?@EdIyAHIKA:?@I I[J
c e YNT ` Li>AHkI[^:BgY EsJS JBg^:L v B`S ^>D Tc BB{ItI[> D@J
T D^ Itc ACBLgBgYIwJ D~
>> TT II _^:h:BgIJ _S EsAC_wDF>tD@I[^CD ku> ^CT kaIDF]_ c c ?ZI[_wDZEUv I ` û ^HBk> BT I I#c Y YT ^
Li^^ J S bX?@cD EdET Îy?=e I[BS e DF>Zc v#>N_VACAC?@BgIwJ ~
ku S]{Ed? Edc N Bg_u IK?@vI ` ÎKB1_>Z> vVT Q I6KJ|7:^ 7 c QBY. D*B ^Hk > TT c Ie _bX^BiT J ^XS DF_I[>tI[j
^HDk_> ^T BiI eS I[c D@J{> J
` EdÎ[Bte> ^:T D@I >
Liu EdI I[T > A8Th c c e^ S vo?DF^HIKJkaS > TEd^ IS BD@EdI N S >Fu ?ZeAHE IKJ u j c >c ACB>FYOIKv v[` Q AH6KBg7 J {uQ ^:$XBT > IVT D@ACI >Zvu k^C^ kaS >?TvXIX_^k^
B|I ~
D@J> AHc >> Sc Î[ByB
>F^CD k*> u T]I#?AC_ j
c ?? _c > EdcI ` u k^H^:ka?@eBI v c Y` T LLi? c^ I S ?FN DZv[u:DFLi]gI[I8D ACc jJ
cI[BD YO` v I `c Y > T T >oI^k> ^ T S I[B
?@D ~
>>ACTT ?FIIIIVuj >FB c ^BS >ZY
eAHJ
EsI[v^?e ACc D>@` I8J
J> I8T _uIEsc ACB k?@^:I8> ?@JT >FI?@>@I[^DFW BD Lg` D@Iy> > c T>> Sb I>@IVIV>FEU?@Dth:IKI^CAHQ kD S 68 ?F7 ^:N E` Qc >ACN$XBiv#T JIfAHBg> e T J IMc B u >AHc T
D@?@>FeS I[D? N v `
u
>>ACbT ?FII[I[D@EdIhIhAHXI?@I> ^T
e> S T DI[I[B
? > > T c ^:I_B^:bXBIKJ D@T > ^:cc B> EUSI/_I[^:_B
cB>?B_I[EdIIMEd I[ce_w^^B I[BB
bXD >@c DyDFc >>@T^CDvk1I8` >ALT _ ?TI/c I u_ ^Cc ?ZN k\_w> EUuI8T DFv[I ]g"IK kAH?@^j:DF? >~ `
cj Bc BY YO` vt^Hkw_wv^BD@I[D h:c J|I[I[B
?>N:AC~>D b T ^ ^DFu > _wc ÊdIBDFT> cc >D S c IVeBO>fe]gIKACJ ?Fc AH>@DZ>@vVIyQ B6KI 7 c Y {T Q Li' ^ I[S > ?u AC> BgT J I
>BT I Ic Y ]gT LiAC?F^ > S c DZ?AH^HBk ^CT{k c Du D kS ^
_ I T ` ACA:BivJk^
ACI D1` BAHID1S k>F? ?Zc AHIVEBgJ
u >EdN/T I> T j I c Bc YOeveLiI[IKNJ ^:c AHBg>@J I
>^CT k^> D@T I1I > ub kl^^gS Q ?6KvX7 IQ ]i' IKI[J > c I[TB
c >@ezD ` ^C_whÎVBg?Z_ _c ^:E c eAC> I#c ^:ACBEdEiAH^CBgkaJ> T > I[T eIt?@L
I[NDF> e` u I8IVACeBD~
]]iEd^^CE Nc _I8N JvXu ACI Edc ^> T BI[I8?tv[Q D c B{6 Y Ed9 NQ ^?t' I[_> ^B8Tc ^ e!c B
>@_Ed^N B{` D@u >Z^:AH?ZB
v>@L
EdN3N/> LT?c A8Bhj3I[?F^HNkAC> BgT J I
Dec AH?Ze_ TIKc ACBD Y S `g?@IVT DtACEd^C> kXc B?@Y ^C` N
J ACcEh ]ic J ^c E Bc _YN > uT Y IS BgAC?FA e` Nh `cd ACQrvBiJ/AHEdDFE I[c I[AHj Bgc _BI Y/`*b ]?FAC^C? ~ `
>@u I8c B _> cT ÂCBBgQ J{v 6 ` Ed6 I[Q > % Tc A8eh c B?FYI[D@^:_[AH?@>?@I>Fk SÊdEUD Nc >F> _c ^:BBYD c J
SI[?Fc I[IK>yJ^> ?yT IeL AHS ?Z_D Tc Bc BI[D@Y D `
ACu AHEdE Dc AC> BgT _wIIX_[ÂH? D@I#b eAH? A8` NtJ ?@c hI8c J S{c c B?FYIKv[TQ c 6D"kn{^Q?_;"I[DXS >=^?=> T D@IXIVI[j j c cBB{YtYe ]?@S ^:DF>@>oIKjO_B{> c ^ ^b B
>bXT c ACD@I>#>> Tb I[Ô?FvI^CACkX?@IfLi^> b> T êj c ACBg?J|_ D#T{c ^CB{kXYACACEdE Bic AHJ/BgD_c I[>FD#> c AHBBgYJ ^HSk c I[b > ÀH?@ACD Bi` J u E c> j:b I^ ~
bXj
u ^BT_[^ c _Vb_ ACT D c>F^:N ^Bc I[DLiEsJ
IkDy^^C?]kvy?F> I[D@b D@I[I[I[^B
j >/cJ
BI[ACY(DZBi_w?]J c ?F]^k >S >@c I8>^:S_B>?@D cI/^` BA:u hQJ
v cUh ACQ 6vB
>ZxAH> YQT I[AHD )> ` B-bX^BT ACIIVEdBE ce AC^:BgS B_D@II>
e> T AHIM?Z_AHT EdE I[c D"I[Dy>@ÂY:_I[>y> T D@I[I[]i? ACu ?ZbXAHc >@> I[T EdNACv[BQ AH6 EUCEdNivQ AH+BgJyAH>? T c ItD_J
^:I8B
_>@Es?ZACAH?@?@I8N J3u >FbX^T LiI[B I
^C^k=?X>^ b S ^>=^Cj k\c BgDFJ
IKACD DF` û B h `cd L
QrvN>^T B{ACI[>D@I[bXE}kT{ACc Bi_ T/Jyc kD ^:?S Bg^:BJ|II[?@p DX>AC^ jb IVBB ] c B/S ?@DF]iIKÂCD@DFIV^D B `
ACBiJ u > T AC> b AHYIKJ>FÂ8h:I[BYI8vAHB c BK S ?FNJ
^:BIy>@Âk? c I[BiJ*Q
On
bXAC>FT >ZI[A:B/_@j ATJ c ec DACQ D@>F6 I[C? iQT AC;"DXS Li> IT kACA8Edh EdI[c BB YTJ c D=S EdkN^
I AC`
?@T?ACIfBeY:IKA8J Nu AACJ
EdEahAHA8Bga_A I1c ?@>@D^ v
cJ B c > Tc ^:c D#B à^?T c A8Y h c Bgc BACYE u DFj IKc _ B{S YO?FJ
IK^:JeAv=LgACAHBgD J c D bXu T kÂH? >#T{?@IVc DyEGAH^>@I[]iD1I[?>FAC^> c > ^:T BIyDZvyIAC]gBgIwJ ~
T> T A8Ih c > BT Y?@I[J IyS j EUNc BgJJ
cD#D@]i^HACk>Z?@_ ^
T AI8J
J D ` T{ACc DfBgJ D@] u c TI[D8A8h c 6 B Y7 eQ A:% J
A8IKh v c B{TYc D#_D Edc IKOACkl?FÎKEsJJ
u
]AC' ?F?FIVeI[> DZNT_? c ceLgI IKLgJM_Ic kI[h^:B
I[? >Z?FvbN` ACeEdI[?k> S AC_T?FT Ic e^:AHBYOEdIA Tc c DB{c SDD@?@>=Y I[S >EdNTAH?ZIt]JIV?FÂHBYO_I[I[eA IKc BJN*DFp Dc>B_[AAH> kT ] ? Icc >ZI[eAHBiEJ AHQ BbX6 B:T I[^ ? Q
D@?@I8IV>_S?@I[?F>FB EdNu k?@DF^:I[?@eh:I[> DT I> T IVIBI[I[eBI[N*ep DN3_[ACAHeBgJ3]gv[AHHYOk^:A c?B{D D@S > _ Tu J
I[u eDFI[I[?@B>FI[?@AHD?@v IKv=bX> TT Î
eAC?F^:?ZA8D@N>#c JBAHY BuYTIVc ?@D1^ S >@?@D#^
kl^:Ô]IVDZDKvQ E c6 j:IQ A' D@>I[A8> Tc u ec Q IeQ cACB?Z_ AHT B^^:B LTEd^c D#BY
?FvÔ` A:^:J ? `
E? c T jÎteA L b S DAHv Y` Y:^^?1B E uc jc Q IIQ A c BM2 A AHjb ACIK?J
A Y:u IKc v Q I` Q ^:?#c BE c j> b ItÂy>@Lg? ^
c ACACB? Y:uEUcIVQ D I`*Q bXc B/c > TA
>^T ?1IE c jAC]Itc A_IVPtDACw^? Sc BJIKA Jv u `c Q I^Q ?c EBc jAI/? A T ^] ec B Li^ u cc JQ I:Q bXc c> BT AkAC?Ed~ÎwB|Y>FI[E Bgc BJ
IKI8v J `
bXYIVc ?BòYcDBv[Q > T6 AH{> Q u 0J ?@c ?@^:IKe _w> c bX^BgT vfAC>@EdIVI[h> I[?Tc ueD c J
IIKv >@IVT BgIJ AC]T]{c Dt?@I >@T ?FÔIVBg^:]J
DD ` JACAHBgB
J ~
EdEdI[^>> S TDKc Qez6 ACE{b Q A8' N
I[D > TTc ec eD@IVACEkiEdEdI[^Bg>=_[>@AHê> ] T Ic B_AH^:BeAHe?@?AHA8BgN J
` I[D ?T ~ ACc B
]i~@IK_ JRTc EIc k j:` I>@Â
>]T EsAI _wuI[D D S c LgB^:AH?ZEdJ E|c JBgcAH?F>@IKIK_v> c Y^:I[BB{D I[` ?ZACAHBiE `Jtu EdAHI[Bg> JTc >@e^>> TS I?@B D ST]ic DoI[?k?Fc ^^?B
> ^ c Bt_> IVT ?@AHDZv>
TbXJ cc T ?@eI8^:_e]> cEsÂ:D B c_Y:I1BgbX>@AC?@T Ed^
I[D ^:BiT ]_A8D#I h^HTI1k\ItLiD@I[k^:I8I[EsACBJ ?@c DtI[AC?@?FJD ?ZAH` ACB^B{YB YIVIKbX?KJ Q T`{^:bX6 e T 9 ^Q T ACI. ?F_VItBACIBACEdEa]i?@I[I[D Edc?@N J
>Ì[LgbXD1^:c Ed>> I[TT >
c6 Bt D6 S Q D@>Z' A IVc > B c TBc YeAe_ T AHACj?@IY:IAAHD@BgeJ ACc EdBEa_B T S AHe?@Y Lic I[B?1Y `^CkkXIKD@AC^:?FEsEdI[J D@c DI[?@AHD Bg J1Y EdT ^C>NOAHc BEQ
Li_u AfEdI[^? D@DFeItc BtÂCEd?Ed^
EJ
^BI[D@?S I=` e?ZACAHLi> BI[Tj
?ZcvDKDX:c B]^?oEd>IKEdT ACI[I1D > S TB?@cI[IfeIKEUJ|IVeEU> Iw~AHTAHjc ?@eIo?ZA8> NIT ÌV>Feu I[AHBgBg J/JY T AyA> EsEG` ACAHAC?F?@?FYY:?ZI1I#AHBBB Y SS c eeBY ~~
LiEdI[I[> ?Zv Tc ce B> T Y I/T > > T
bXS c Bg> T J|I[_ ?@T LiAC^? Edc>^~@>@ACDy?F?ZACA8BgN
JQ T 6 ^::?@nDFQ I[D `". c BB bIVhACI[>@BIV?~YLg?F^^ SS BgBgJJ
]bXEsc A> _wT I[D >@?FbXI[I[c D> T AHBgLgJ/^
ACD >FT D? S ACLBiD J3bXIVc EU> IVT ] T LgAC^ B
b >FDD `` ^^BB Tu Y:c EU?@Ed^NS YBg?FJ^ vS Bi_J^Ch:bXI[?@c I8> JT
Dc Bgb v#^? J
S D ?` S >Zj
ACD ?FT YIVI[>@>F?ZD A ` àu AH2 BgAHJ/>@D@^:N
> ACT D IV` ?Zv AHb BI8jACAC]iEsÂCBD `D8QAHBg6 J x > QT û D@2 IyI[LiB ^?@LgB ^:?@c BB
,
ACDS ?b ACDFI[I[EdEBgAAH`D EdI[u ^> > TT c I[e?@D _[bXA S T D@^ I1AC>@^?@I8 vyY >ZT AC> EdEXc BACBg> TJ I#E chY AHT B>8Q^Ck\6 > HT gI#Q Li)AC>@k>F>FEdI[I ? `
ACA?FJ{?ZJ
AH?@BI[Y DFDZc BvY AHBgTJtc D#_[>@AH?F?@^
I^k S ]EdD EUN`*T c BItD@D]iT IK^ _S>Es> JT I[I[e Bg_ ^ T S I?ZAHD T YÎyS > EsT JtIVACe EdDF^#u L
eNAHAC?@Bj
>I[TeIXN
LgQ I 6 T A87 h Q c ^ +S ? T IVu ^HB kT > TI IXT D@AC^:DEsJ D cT
I[S ?@D> v S bX] T TIVcBD=> kT^
I[I Nyu cI[B/BY
AyAC>@Y:^ IXb > BgT vIX` I[EdB|I[>~
TD@]ic e^ c E D Tc >#c DI[BiY:_[?ZACAHeD@D `]gkIK^
J ^`gJ T ` ACk ?ZS AHI[D@E D ` TACcBgD#J j bc BAHYO>@J
I[^:?8eQ 6 ` ACBgQ J'*_c ^jB
I >bXc Bc DFS ItAHEdEUI[EdN >
TTcc eeAHJ
D@I[DDFA >@?@c E^CN> T >I T Iu k^
>I ACBS j
BgD A ` b ?ACAC?FeI[DZ]gvyAC?FAC>@BiD J` AHAHBgEGAHJ3?@e J c >T_ cT eI[D ÀC>fACBgB Jc Y TEdI[>K> Q
6>@^:D Q S _ ' T3I[> c BTDFc > e c YOAHc B> c DF^> B{c YOD AH` >@EUItIV> >F^Tc ?@eIVLgI[LgEdI E c ^c B|B k^> T?Fe^:D@IKI JbX^HT k ^TcAHD ?@Iyu kl^Ô]iI:I[p DB v
J^
S^ c>#B{klYIKD AC` ? AH` Bg>FJ ?@N `{c bXBYT I[>@B^/k_AC^>FBiI c DXS I[]{?K?@Q ^] 6 c > {c ^ Q S %D ` IEdI[D > T T^ Sc e EsJ u Y T T ^ > b bXI[hc >I[T ?v~
>@Y ?Fc Nk>FD >@`ÂC_wBg^JBg L
S N/I[? _?@T{IKcAHD> ckB^
YI[DJ L
c ND@D@IV_B^BiD c _ ^c B E c `gAH>S c D@ÎKB J` LOI cN > T u I[b ?1IVEUD@E}IV~@]gACAC]?]{ACE >@c IKIVJ{EUN v
^?y_^BKw^ c B
>@EdN ` BI[hIV?LON Y T > c BY ` u c k c >y_[ACBLgIA8h^ c J
I8J*Qrv
x
cT6 B:c e> QT > IT 0 I[Lg^?F?ACI>FkbX>@Êd?FTIII[AHB(A8?@h:I > ^ `b c JAC^ DyACu B/I]{? IV]gc BgBI[_YO? I[cAHI[DYBgv I[_e I/Y I[>FT B
IK> >KA` Q#_ hT n c IV9_D 9>@`=^:Q ?@S Nu Bg;"_AHS IVBg>Z?@v>ZJA c c J
kBaII[=klhIKEUI[ACIVB >>
>TT c e ^:D@Ì J >S T EdN?FI[IIw|LgIV?@I> klc ^B?@Y Iw~eTc eI[B
D@> I[c Ê}k B`HI8 J(Y T I> ]gc BI8J D cS I[_ B
T >@DAykeA c EAC` B>BT IVI[?XB> T EUAHIV>>
TT ItACDfeYOA8A Nc B_I8^:J/eh ]c Ed_I[>@>F^:I[?@EdN N` _Ed^:I[>Bg TS c eI[? TJ cS D#EdN I[Bb IVe^:?@cD I[TDKc Q=]n > 9{T 6 IQ Y+^J
T DI[B AHBgT JI
TACBg^B{JM^ EUS IV?> ? T{c Yc eT >@I[_V^ A SS DDFI; ]?ZA ?@^:T eec AHD@BgI[DACD ^C` kXEdI[DZ> AkTI[c >eN/Y:>F^?ZAHLiBOI>"I]?@I[ê_Es]A >c ec ÎKBJ*D `Q
nu _9 ^:nBgQ ;"S I[S ?F> IKJT v A8` h Edc I[B> YTk c S eEdEUN/]EsAHADZ__IyI[?F> >ZT A I[c B{?@IIKJ AR> ?@T I[IEsACbX> c hc D IyT I[^CDtk^H> T kI ACEdu Eoh>AHT B
I ~
_^SBic D J T c IK> cJ^B? D8S QEdI[n ?9x ^QB' > I[T > I/T> c Te?@êB{IKACv j:` IACA BgS J> T Ed^:I[? > c >ZTAHc> e c hI1c e> T ]iItÊsDFA I b Tk S c D E
Lghu _ ACI8S B
v D@`>@>@D AC^:BgbXeJfc D> EdviT I[^C> ]kT?@> c I8T e _ I c ^ Tu cS ^:B D1BT ^Y AHSc L k?o>Fc >ZDK> ACQ1T B
I n >F9DZu vBg` IQ b S $XD@jT>\cIfAHBD*Y
D@I>vaTcd[ACIVSBiN?FJ IAHT?@^CIc kDDFJ|_>ZTAHI[>@cD IIKc k*?ZJ AHD@LuIV>F?EdÎ~
]bX?@T^:c ]g_ TIV?@_[>NA S bXD@I[TD=c _]T EdIKAC_VAD SS ?@DFI I[D` AHJ ?@cI=DF]LgEd^:IK> ACT D S ?@?@I8I _`êAHBgeJ I[cBg>@J{DtACJ Lc EdD@I >F` ? cu Lc kgS > > T c ^:I[NB
cACACB?FBgYIKJyvXD ^:u?FcBI[BiD@va^:T
?@S> >@TeI8c J/D ACuBy>Fb Î^:AC?@I[Es>X?@J>> vacT ^:J|ItBaI[]g]?FIVL ^BgS ]iJt>I[LiAH?1e^> > c ^:TeB^:I:Y1BtQ> >Tn T 9:I[IDF7 I1Q^:?Z> ) bJ
EdI[^ E ? cS u B>BiY#T J
I ^HI[k?@b >kACA8ACN
j:>FI~D
^C> c k[^vB kACc D1>FI#]iAC^?FDFI D c S LB
EdIkACQ> Tn 9^{eQ AH.LEd? I u c> BT I> T j Ic B_[Y AH`D@I1Li^CI[B
ka>1eÂCBBap _D ^b Bg^: ?@S jIVD@A>Z_Fv ~ `
u
?@]g_I[Î8D B{AS D_EdcI > J
bXI[u ^C? c ck\> B{T AHYBu TAMIc Dak?]iklc ÔIKI[I8JBivac J > ACc` ^BiYBiJt^v ?FEs` JI[e> ` S A8AH?FN BgB `8JSu >@D Es^ cAHBBgTYyJc DaJ ?Fc IK>@E c ÂCY:EdI[eLiB
IK>v[vyQ*_[nAC> T9?FII` Q >Fe% ? c AHA8]jh:EdII ~
cLgB^ Y#S ]g? c A Bc YJtD@J >S ACIX>@IVACDZ>Fv >@bXI[B
T > ^1c ^:e Bc >FY ^T AH>B
AHN>@>Zj A:c _FBj Y Tc cBye > T c BtI>_ Tc ?IX_Ed?FI IKACu ^C? ki` ACBBiI Jtc Y >FT ^ ~
TD@IKc _DaS D ?@S I]>]iT Î=?@>FkI[? ?ScbX>oT ^C^1k*> ^:T ]IX]gI^:D@I[]iDoIKJ> T c > IXc ^:EsByAC>@k>F?@I[^:? e ` EUIVu > > T u > IXT ]I#? _c Bg^:_BgI SbXI[T ?@^^:e?Zv
Tu ?FII[eAH>@A >ZcA:B{_FIKjOJDvv `*T bX^TDF> I[c > EdTIQIV? n u 9 T IfQ e; A8N3N T YOA8A hc B Itc BLiYIK_Y:^:êEsJ3IKvAHkBg? cJI[BgEsJ|ACEUBgNJ^:A ?
kj S c?@B{EeYc BklY:? >?@c I[T^ BgbIyJ Dyk ` S Bu> bX^S >y?@T I:ÔD@Q^v ` n e >9 T S ^ Q _ S T )zY T/c Bb b IKD@IKAC>FAC?@jI[j Bk` ?Y:uc > eIVT BgA8J ACNDfu LiI[LOhIKNIV_^:Bg^:ev LcIK>ZD1vA cY]gB ?@^ c I8Bb ACY/>@I[Ed?NA ~
_]ÊdIeACe?FI#I[Bi_^J
B
IK>FJ I[`VB
bX>@IKT J ^ `:c bXDoT? c ^ Y Tc D>@I[AC^ >@S>AD _ uT AHIKBgJyJACvBiYJt?AC]i>FI[I?@k SDFI[E h`CIVbX? Tc B^:Y D@IXc B ]iI[T^Cc D~
SJBgACB{J
YIV?@I[>Z?FAH^ jS c DB{kY^
DKI Q`n bX6KT9 ^Q $Xc D T bXI cbXD@I c DF` I^HJ
kIKB_wÊGAHL?@EdI1I ?ZTA:c e_I ` u >FL^t?A8LghI8I vX` A1_EdeI[h:^:I[D@? > `
EACc BLiI[) ?AC?FENO` AHYB ?` ACjO>@B{Iwk ^ S b E ` EUI8AHJ
BgYJ It^H k?@e eQ3IVB n ` 6:L6 ?Q A8h;I[?FI N T ` A8Ah c _^ ^S e? ]gb AC^:DF?@D >c ^T BgNAH^C>@I k
>@TJ ?cI[ACD@D ]iE c >û ACbXD > c c>T ^:c ^^B B è` AHA8SBgNc >JyLgkYI^?F? _IKÂCTS>=c D#?@E >Fc ^ LgIKbJI[?v[BACQtE DZcn AH>6Ntjn{IyACQ ?@I[I' hI[I[> B>T I> AT h Iy_c ?F^ j> S S c B
BIV>@YD?@`{N^HbXk\u cA1bX> T BT^ Ic S_S T >~
cn DZ68v=x DZQ AHE 0 S ^:L?t? c >^ c S eD I[` D1kI[^C?FkX> c BEdI I[` IKAHJ BgEdJ/I[> _[A T{S c eD c B]Y?@IVACD@B I[?Fc hBgI _w?@TIKAHc D D@Iyb ^CIKkACEd_[> ACT >F\>@EdAHI> Q
>TT c eIyIAH>]iI[AHBEUE"D@II[h^CI[k B
T>FDc D ]b ?@I[IKDFAHI[Ed?@> h:T I EUIVT> c eT{cD@eIVEkX]{I[?@h:I[I[DFB3I[?@h:L
I N Tu cY D c h bXc Bc kY IS EU]iIV>v
TACEdc EiD j bXc Bgc kJ|ItDAH^HBgkaJ e Tc c DD k^:b ?@IK> SAHEdB> I[T D=Qh n c ^:6 gEdI[Q B
)>@EdNbXAHc D@DFDI A uc jE cT{B{c YOev ` ACDF>=I[I > cT BI1YDZ>AHT eAHI>
>^c ?teDFI I[`]gD AHT ?Z^ ACS >FI[EsJyEdN >@` ?FuNc BACEdÊ ?Zu J|> TI[?I>Fk^^/S DZ?ZA8vh:II ]gTIKc eJ c DFIVI[BOE}>FkZDQrv` Lgn I 68c7 >Q >@^:. YBI[> T> T I[I?
]gLgIVIy?@D@A^:_[B_^:bXeT ]Ê c D I[T eIKJ]Ed` ^CAHNOBgDXJ> T ÎyBIAHEdEa]gIK> TJ cItIVBOI>FD ]g` I8^J B/c I[B
> T>@DtIy_L ^S EdEdD IKc B_> IVc D@hDtI[Ed>FN ^ `
^TBc DX> I[T BgI[J|DFDKIQ> n T 6 ?F{I[IyQ % EUIVA8> h T{c Bc eYf> ]iT
^S BgDJ
_wIV^?BAHD SBgEdJ>@IKDFJ >@? bXc h:c I> T>F^Tc AD=_Ve _^c eB c ]D@>FE I[c D ?@T D
^c BBY ACLgEdEoAC>> TT IKI[JD@I Au ke>@I[AC? >Fb >@AHI[?F?ZDZJ
v D à` T > A8T h I/c Bj Yc B{>ZYACj:eI[B A8NII[I[B
?Z>F_ I[c ?DFI >` T ACI BgJ T AHT ?@A8I[eh:~
kcACL^
>ÊdI eJ u ` cDFJuI[bX?@JhA8TAHN c BO_ T/>Fc BDZv T ÂHbX?D#T J
Li^fI[I[?jOI[B{B>@^^ ]b J ?FI[c> B{]gT IAHI Q?@uIK]Jn ?Fv6 ^]iL
Q NI[?Zv=k$XA > Tc c> I[eT ?Fk II S Eu T `
k^:I/c Bg?e_wJ ^cA8?@B N? c S BIK]Y
AH>v >~ `
bX>@IwT|c>F_ DXT> TT AHAHD>LiJ
I[I[DFI[>@B ?F^Cb NI[Ed]iE*^ Ic gD@^:ACBae Q\c B{n IK6 J{Q u AC' BgI[J> T{T c ACezEdEd^ e b c IKJACvoEdL
E NTc DZD"A:k_^
?@^|I8JJ
bXEdI[>c > T Tc eeI8JAHcE b_ c A8BN
I[DtD uLi> I/T AC_[>AC?FAHI?@k IKS vXEXAH>FB
^ > c b J
ÎK>FACI[?DY:AHI[YOeA cD B{bXD@>=T]gc _^ T c DF^J
B I[DF` >@AC?@Bg^CNJ
]ie^ IVc BOD@^:>FDBaQT A8n h6 IyQ LgIV+ I[B3IVEUE}I~g>@?AHc e I8Jc BkIKI[J e` ACD EdT I[ACD EdEbXAHT >@^>@D@IVIBO> >Fc ^ hc I[EdI[EdN/>AHDFI[Bg?@Jh:I ^?@TBic eA8~
bXTc c e> T LikIACB_[AHD ?@`
Ib k S AHE|>@I[AH? Lg` ^ AHS Bg> JTc]gDaI[_[?AHk S ?@?ec AHI[YDKI[QD n:` nLg9 I8QJ W` BD@IKEAHc >j:` I#LgeAH> ACTaB` B>@IV^ ?c EdEdI[I[> > `
ACJ Bic hJIV?@AC> EdE TT{c ec D"D@ÎV?@EkBiACbXec > IVTBOT>FDKc DQonbXn c h6 IVQ D +c BT I[> TB I T T I ACT ?@ACIVeDXJ :c L BS IK>J `bXT T II[BeTA8NI
T^Ck1AHD> T J I c hA8IVa?@>@A I8c J ?@DT^Hc ekD@DFI[>ZE}AHk >@`
IT QIfne nSn{D@Q > `) c B/J
^:J ?@S BIyI8J > c eu bXI c ` > TAHYOTA cc BD?@> ^:TLgc BI[j D
^C_ TkACDF? >Zc AC^>F>@IKD1v ` ACBgEUIVJ> TLicIKeACDF>@ACD1YOA^CckB L c S B?ZD@J
]iIVIKB _`> > TT c I D b Y IKTAC>]ic ^BB{YDeAHI[BgB J/` A:AC_[EdE_^ TS c D~
>@EdI[?F>I[eTcIVe BO>F`HDKb QoI[nEdn E*x ACQ ?Fe% A8IKJh c`
BT YIK]gAC?IV?c kB^:?@ACeB I8c J BBTIVc Do?> AHbX]gc ACE c?FY >@eT >IV~J
BOIV>=h> ^T > Ic ^J|B^CD ~ `
cnBnHYgD1Q ^H;"kS > >oT Y^:^ D@cI BY#bXT>F^ÂCeB{ÂH> jT ItI[?oDFIKD@_IK?@_IV?F>I[>X?FI[AC]g]g^:AH?@?@>F>@DeACI[BgB
J>aAC^CBgk JyTJc Dc D@DFe ] cc I[D@DKD~ Q
cL
BNYkI[> eT ^:AHD@EdII u]gD@I[I[^:?F]hACEdI B
`>@DT v I`Cc eBtA8^:N?ZJ
I[IVB
?\>@>FIV^?J > c T BI I=TACYOAHA?@I[c Bae Q*` nD n S 7 ?@Q ?@^ % S A8Bgh J
c BI8JY
IKLiAHI[>@I[I[BB?@IK> T_w?@I[IK?@AHI>@IKDF^JeL
I[N> T> Tc BI#YRDF^k^S ?BgJR> T ^CIkoDFe IK_S ^:D Bgc _J ` Ed> I[c e> TI c ` ezAHBgYJ ^yT>@^tA8h ?FcI[B{D@Y>
jcACk Bic BT J Y I ? bXc c D D@T Ic ^ BgACJc D>tc DFc > ]gBtT ^:Y:ID@^
IK]^|J ?FJ `^T]iT I1I[IK?yAHeEd>> A8cT eNe IfIVSBOk>FDF?@?>aIVS I^:DFL>kD@?FI[AH^?FEUeE*hIX> kT>ACc T >D cI[Y uD@LSIXSI? QDS c EdBnI[I[DKn:DF:DZL QvS >@) > ^ `
Tc DXD@IV?@hACB
>FDKQ
c B
WFW@hW I[DF> c YOAH> c BYEsA b _[ACDFI[D ` e S D@>
6
)
c
`
c
S
Q
j

B
Y
J
[
I
D
F
?
^
t
D
H
^
k
I[eB
I8>@ACIV?B^ TS c ? D` _>@^ ^:S Y?@I[>> T ^HI[k? bXS ~c D@> > Tc _wI; ` ?ZA ]{T ?@I[eDFI[AH?@Bgh ACc D/BY-AHBgAJ J bXc ~cY:> B T c} IIKJ]gI[J
? Iwc ~~
I[?ZABgc _wD IKc BJ3Y _^ TS c DBg_ ? c c EdY EdT^?F>DKQAH?@ne Q ò$XbXT c I[> T?FI ^ ` S I>yc > ^T DFI[>@?fI[B
D@>IKACAH> >@c IK^:JB ^c B?1D@T>cACDBgJ
J c?FBI[D@Y D `
ACx BiQJq1Â ?Fc BgEdN ACeu J
I[I8B
_ >@c D J ` c EdBI[YO> vT^c ezB{IIA8gkAC>Fe I[?c BACIXB{^> T> T I1I[L ? S u D ACc EdBEI[_VDFD#ACD@^CIVkaDZv D SbXc >@T^:c ?@_ D T `
k]AH? EUc E BiS_ c Bg]J
EdI[I[D?yJ
> ?T A Ib I Bc Y kT ?@>F^:I[eI[B(Ed^> _[c >@ACEdE I[DS DZu AH^CYk#I[>D8TQ#IACBiEsA Jb klvt?@Â:e_[_^:> T ?ZJ I c BW BY DF> >@c ^ ~
>c D1S >@> I[T DI^CBk^:>B
T ~]gI/A8DN
Ae_?FI[IKB
J(>XEs^CA k#b J
Q3I[L{i>@QD ` . u > kT I[> BT ^kD@^:I EdEU^ u >b c >Fv EU` IVDZu vynv1> TJ
IIV]g ^:?@D DFc >>
ACACBieJ^B]YXEdIK]iJ|ACY?@I >F`BI[u ?Fx D v` ACDBgACJEdI u 7bXvac >?FTI[D^ S S e>]^ > b c ^:BBIV?@^HD kgT{Y c ] c k` >FD u Ò7 vQ _u ^Bgv _w4 I[^:?@BB
D ~
]gu :A8vN
e?FI[DZIV_BOc >DFD ^Cc ^k Bb ^HAHkaYI[DZDACÈdI#u :AHvBgJB^] B
S ~?Z]i_ I[T ?ACk^:DFI ?@èu ACBgv_J Iyc DF^C] k#S AC>FI[Y:DX?@I[LgIVIVe> b I[B
I[>@IVD B `
>?@TIVYOItAC^ ?bJ c BBI[Yt? Liu ^^CSkXBi_[JAC>FAC>@? Edc IKIVv#D ` AHu Bg6:J 6 v=TACc D#DFDZDFA I[S ?@hEU>=AHBOACBg>FD J ` u 6 Q n:uv6KJ
9 IvkACq ec DFAH] > S c ^>FI[B D `
uu 686 xvvt>q T S I>k>c I[` Dtu 6^C
k#v#e?FÂCLBLiAHI[Bg?FNJ AHbXBgc kJ I ` h cu ^:6 EdI[v1Bg_]gI AH` ?@> u c 6K> 7 c ^vtB AJ u ^CS k Ed>@c I[B ?FT N I[` ? {c ~ Q
>ZAHBg_IKv ` u 6 viY
ACeLE c BYACBgJLiI[>@> c BYgC> T I[DFIAH?@I c B1> Tc D b ^?FEGJ
>]gT IVIBgJ I c c BY YT >@Î[BI[B> T>FÎ] IVc _>@I[D ?FBgbXACTE=c _ EsT A btY ` c h:EdI[I> ? Tc DFc Ie>@^J
IKEs_A c b J
DIS>c >FT DKIQD SQc >FDtq^CI~k
e;S I[>B c bXkaT> T ^1Iej ^c BD@>FYtEdNJ
^
_^:I[DXBO>FB{I[^Bg>Jy]i^:I[Bt?@DF> ^T BgIXAH>EdEUc N >@EdI[c B
Dh SI[DFDF> >\c YOeAHI[>@B
IX> > c T Î#B{IKD J*S{Qac >F{D `Q
>6KT 9 IVQ B$XEdI[T > AC>Tc eu eACAC]Bg]iv^ D cT B
AC>#EdEAIVEdBOIK>FAHI[?@?BIK> J T AC; >y?ZeA T êDF>1ACBiIgAy_>@I[ÊdEdI[>@B
?FN>_> T^ SI[e?F> `Q
A_[A_[S_w^D@eI[D ]iu ACLB ?@c^ IKS JyY L
T N>v1> TLg?@IwIVkÎ?FAHID@>D@TIVD@I D@^:u ?@j D c `BAHYOBgv ` JRI k c S> T EdEdIVN?t_D ^c >@B{> D c c BJ
Y/I[? J
u^ ACb EdEsB v
^?XIKJDF>ZAHACDBiACJ Bic BJYg> Q T I#6:6 EdIKQ AC+?FBTIKJIV?@Itu S > TJ|?@YI[IKI v=;AC]?ZA]iT ^ ec B
>@ACI8BiJACDXL
NhIV> ?@T D@I#I8J j c c BBYt> DT c I >
J
6 n{^ bQ ;B `S >> T bXIVNT I[_[?FAHIaEUEiS > D@T > ACc >X_I > `:T b I^ _wS ^ BgS J
?FIK>Jy^HkL
N u kl^c BKS ?S ~kD@A:> c __wIKI J` v AC]{; ]?ZA?@^
T Ae_ T AHI[BaD Q
ACACBg?FI Jfb > T ^ I\S Bg S J
J|I8YJ I[Du L
J|N^t> BT ÂC>o>1IJAC>F?F?Z>#A_w^H>k > c T BKIS JD@AH> c?@_w> IK` v[> Q T I[6K?@x I Q u &o> Tc > I[T NI[?ACEd> D@T ^
I v
jLg_Î[I8SB_^?@>yeAe I[eDS DAHD@c>tB B
B{k bXS ÊT>yQ ^Lg6 II ic >Q I[T B
I[+>@?IV?@T DZIKI[A8J ?FN
ÌD^: BS?^:DF>>> TcT_Ic I B>@Y c ? DS ^>J
?yT I[DFD@e>@]i?FIK^CS ACND@j
IK>fDRJLgkIL
ACNEdD@D@]iIVc EUB
^CN ~~ `
> ST DFIV> ?@c I_I > ` T Î[?XN >@D ? T S AH> TEdEL
AHNEUDF^kACLgEdD@II T J
ÔI[^D@J>F?@`
^CbXN:IKT{J*c EdQ I1>6KT 7 IQ pS J
S YD@IV> D#c _wIEd^
` ^LgjI c^B{B Y `
h> T c ^:IVEs?@ACI>@k^:I8J?@I` J
S I[D@D@> >Fc ?@_w^CItN
eDK=S D@S >"DFB> c^_>XI `LiItLgI h c c B{^Y3EsAC>F]IK?FJ I[D@` I[Ed?FI[hD@>XIKJ h ` c ^]EsAH?@I[>@IKDFI[J?@h:S I[DKD~ m
>L c S _IEdE J|u h
I[D@? >Fc D?@T^CNAvVS aD8> QdT p AC6> {u Q e0 AC^:Bg?#v J bXc h T c ^B{Ih c S^:EsDFAC> c>@_IVI D uc >c Du DZj A S c ?JMS >@>@Î/Lip EsIKACveA v
>u Th
?I1c D Y:T ^|ACJ|EsDAvV_=^:BEUIVD > c J
TIVc?#e >@^y` > LiT I I[?Fu IAfkê?FI AH` BLiJ
I I[b D@] ACc?@_VIACL^CEdktI1h E cc j:^:IKEsACv=> Ac B,
YyS J
S ?DA ~
>J
c IK_AHI> Q T6 c DQ S $XD@> T c _IIôBklÊdN?1kI[? hc IVI[?@BiN
J > TbXc BT YÎ[kEd^D@EdI Ed^ c b D1DtEdêDF>I[BAC>1I[h> T IVBIDZAAHke>@IVI?
>Y c Sec EdI >=bX^CkwT vXI[BAHB > T S I1BK LgS ^DFJ
> N u J
u IK]g_ I[c ? D c c D ^:T BgI[v=Dv[kQAHEd6EUD={Q^B . BTItc e S bXAHT ?@>@ÎV?#_^:^Cek eu > Tc >I ~
>@ IKS J AC?Fu >@> I[T ?1I^_B? c eACEdEIKv > `T Î#B{ IS J
YS I[AHD ?@` >@IV^?#B{I^B S > T AHI?@>@IVu k?AH^:EdD@BIKv > TbXIyc >FjBc I[BDFYiD `Q ^:6 B{I Q
;J
I[S e> BbXIKTJ I[` ?@> I T IyT I j c bXB{Y T ^ c DXc kD ?FI[b Iy^k?F?F> ^T eN3Y^HSkc Ed_> ^` BgACJ|BiI[Je>BgT AHIX> c ^S B J|Yc DI[Dt_ÂCB
?FI~
DZ> TA8h:IIK_J ? c u ek?FIêACEd^D Bc BgI8vVv[Q> nT 9 IQ Y S)c EU>; ?ZkAHA EdT EUDfeÂHBBgA > T bXIT ]iÎ[D?@S]iLI[>@D ?c DFAC>@>FD^? ^:Bu ^HEdN k
L
TNc e> DFT I[I1E}kBgA AHe; I#?ZA ^HT k eTcAHDXBg_[A ACDFu >@> I T ^ u YOS AHY >Tc v T` c^:D?^^:? Bc YI c bXB3T LiÎ eS I[Bg?F_I[IVEd?@N>ZA _VcACBgEdEdv D `
eL S A8>N B` I[AHh>IV?> T A I,
j S c B{J
Yg?ZA{p DQ]{n EU6 I8QACD $XS ?@T I It`Xj c B
c B>@Y
IV?@J
]^?FeI[>^C> kT > IT ACEGA >1b e>@^^ BgAHT?Zc _ e Ta``
bXu Ed^T b ^v Ed` ^
E ^c jj
ItDA^B _^ bXbTc c B/EdI/AyA e,
^S ?J
AC?DFDKAQD@n:IVn>@>@Q EdI[$XDT >ACT >I/j c EsBA Y
btJ
`^bXe c EdbXEXTD c I[B?@jI
,
ACBgS JJ
?J
ACIVD#D@AH> c ?@> ItS >@h:II[?@^HNkB > SbXec _I[Iw?F~Li^ S^D?FB`
bXu Tc B c T_ TACL c Dc >cACB
B
k>@I[DDFv >@` IKJD@^
L
^NBAHI[>B
T > cI ?@c I[DFEd>@N D
]g_ S IV]? c c D IKT JIVD > `T A8It D@I8c _AC>F>#IKJf^HkgLO NfS D@k>AHc e _I c `BT IA8AHh Bgc JBYJ c_DF^CIKh:ACI[DF?@IIKQJ n Tx cQ DX% LiA8^|h J|c NB{` YAH^Bg_FJ ~
TTcA8e h c `VBbXY c b> T ^:?@AfD T{_^c ]{EdEd]gIKIK_JR>FIK>JyT e I1Yc BgS J AC` ?LiJ cI[ACY Bc ByJ
> I T c > Ic I[>@DX? c ^HAHkaE
>^CT kaI _[A b S ^:DF?@I[EsDKJ Q=` nCEUIVi> Q
S BDF>^ c bX_Iyc B^Y ? bXc BKT ACS > DF>c Dc _II ` ]gEdI[I8> J c TI[cB
e>XÎ? gcAHBe Ic B]iI1IKJ > cT I[IB
> _V`
A bXS DFT I[ACDt> ^Cc k=D"]D SS c ?@>I ~
Î?FD#>@I[A?F_[Bg_AC^:E=?ZJD c c Y:BBYyD>@ÊdI[> > T TI1c e^?J
J I[c ?#D_^H^Ck\hIV> T?It> T _[IACDFc>@B
I[>@D I[?Fu hBgAHAC?@EXBgJ A:c v[D@Qo]in^7D c Q > c ; ^NB
^CACkoDF]geIK_wI[> B ` ` > L
T NI c > ?1T I[I Nc ?I[D h` ^ ACc _wBiI J` > > T T I I c c ?#?1_wY:Î[EdD@^ > S S ? ?@Ì[D8> TQI n:c ?XQe$X^>T c I ^:Bc B
D `>@I[> ?FT BgI ACc ? E
u b ^?Fj c BY^Hk> T IKve c BgJ c D1]gIV?Z_I c h:IKJ > T ?F^ S Y T > T IACD@]iIK_> `

>_ TT ItACB{eYI[^:D > c c^B/BD > `T >IT I[IfN:YOIA ACc > Bg` J> T ^CItkY:> I[T D@Iy> S kA:?@IV_DI` Q> n:T ItQ D@]i$XI[T IKI_ Taj ` c B{ACYBgJD T > ACT EdI E
]S ?FB
^> >@c EI8_T >I > T T AHI D1c B?@I[T > I[S ? ?@c B>FIKI8J J u u AHk?FBg^Je ^:T{> T c D1IV?Z>FvfIKA]_ ?@T ^:I[]g?8I[p D?F>NT ^ ^CS kD@IKAv1e ^:? c BS ^B
? ~ `
>e c E S TDF>#I LiT IACD1>ZAC]gj:AHI[D@B DFIK^CJ kXT{Lgc ACD1?Fe?@I[Bc B{^b ? ^c >eN
QXI[B n`^HQ kW B> T E^c DFjI ItbXeT AC^ BBT IVA8?hIy_[AHB?@Î
D@^ ^:b BDXD `kA ^Hc k\> T > Tk S ÊaDFI >F^bX> T T ^:I D@c I?1kEdACê ?ZJ|c D EUN` ACc D=BgJMI^C> kc Bgb _> ^` e^CkI[B/bXcA8h I[DXc _AC>@BiI8J J bXbXcc >J:T ~
>eJ T c D@AHÎ8EdD@I[ACI1D#D@IV?FJ DKI[SEsQtAC? >nc cB{{h:YQ I[D )> T bXI ? T c c ?#Y^T E ACc >Fk]I[I[^]> Sc ?Fe^D#]Ij ? Q c c BACxY>@9 I1Q e > T S I1?FDF^>]]i] ?@I[^:S ?@]gB>N I[c D`?FT >> NT E cI^Hj:k\I1^ Db >S TB_ cTIVI[?#h:kI[^CID~k
bXATJ
c I[_ ]iTt^T D cAH>DJ J S c D? ACc B]Y]iIK> AHT ?@?FIKI[J Iy` N> IKT AHI?@jDKc BbXY#c >D TT cACBEdE
> _[T A IfS DF]gIXI[?>@c^^|LgJI=^HjkI[> ]{T >?@IVAHID
NeI8A8ACNX?@D=>AC> Tj:II#c^ >Kb Q Bx{I[6 ?=Q e% IA8NybX_T EsÂ c DZe A8N
c D > ` ` p A8$Xkl>@TI[c ?DaLiu > I[T EdÂCB{>=Y>@DaI[?F>Fe^#evo> I T ` I#pe j cS BD@Y >
LiDZ_wI? c ILggIVAHDe > T c BIXIKD JT ACA]i_VI_^` ?ACJ Bgc JBY> T >@IX^B > S T eIyLi? SI[?EdIu ^Cckgk > TT IIXACA?@_[> _ c S _Ed?ZI[AHDo>@I[kEd^ NS BgJ
JIw~v
u
u
u
>>ACTc BieACJ>tID@]AH^fBg?Fk^Jy^:]i?@> I[> T ?@T>I` N
]Q T EsAIx _ncI DZQ v"u bX;> T TS I1I[> ?F^ Ic kb c T>BIIVb ? ACJ
` DZ^
vAHI[BgDEU^:JB{D@v=> ^`^>1c S >@?@D=Y IKT AH_>ÊdEUEdN ^ >@S ^yj
? B?@` Î8D _b T I AHc >h]gT IKI Iv `
ACu ^:BiLJ IKD _cd> I _ÈsAT c I ec IKD Jb v[Q ^?@x> xT QN/4^Ck^ bA > BT III8j c B{S Y ACÈ ?Fu I[c eBI[heAHE LiS I[IK?vc B{>@^/Y>> TT II
Ed>J ^b S DFI[>>NE}kAH> ^HBgT kJQ Y:xA^
ik^|>@Q I[JM? b e?@^:AHI[]g?ZB J
IV`D=?@>eklN^ A8S EdN^:BgD@J>Z>XAH` jACÎtBg?=J^:^BA8BIkI>F~~DI[>@c? IVb BO> >ACT Ta?J
]g` D=ÂH?#?@k>^ AHS ^C>BgkEdJ IK]AH?Fu D@^LO>=]iNÎ[>B?@T >IwN I ~
j^ c B_Ygc p AHDXEdDKD@IVC?@> hT AC^B
DF>FI DZbXvTD T ^:AHeEdEa> ?@T IVI#ej A c c BB Y1c eBA8> TNtI_^j:B
I[hI[]c _c >BY^Hka^CD@k >@I8u ACDF]gE c I8B_ Y c ACc Es> v `
TeIAHDB T bXAHEUTEi^_[A D S T DFAHI1EdEa>@^t>@? LiS I#EdNDFEGDA A8c N BbXLONc > TACB?FI[IVD@EUIV]i] IKT_>yACB
>@>8^Q >Fx?@7IKAHQ D 0 S ?@?FÎe~>@?@> ^CT h:AHI > `
^Lip $XB{I TI ~c >DB{b IKLgI[J IVE}kEUc>^:B/T BY^]gDBAHIw?@>@~>KÎ Q c Y xeT I> Q T ` p;"^H>S kT > I/TT c IjD#c bX]{B?@YT ^^y]ieI[kACA8?F>NEdDFN I[` >EdACN^:j:? DI/` A8ANO^D B_[IwACu D@~EsD^
_ cS v ÈG> AHD T > T c AC^^:EdB ? E
^CD@ek u AC> EdT EdI[IX?ih]gAC^:E S?@> I=c ^:^CB k[vu ^C> TkgIX> T >FAC?@IK>v[AHQ D S x ?FI Q T +A8h T c I[BBY1ALgEUIVI8I[ACB?@B{eIKJA:J
; I ?Z`8A c BT eDFÂCeBiAI
T>ZAHAHjDIkIV^ hS I[BgBtJR> >@T ?@I I8ACbXD TS ^?@IEdI ` uJ
^HI[k ]ic ^>v[D c8>FkIK^:J ? Tc BRI kc ^D*?FeeACI[DF? >@I[u ?*> c ^HekgI[I[DZhv IV`?@TN
I> Tec BA8YiN Q
Yxu ^:?F{^> Q T S +IVBi?ZJtv T I[EdT I[BAC> E}> Tk T c I#ec B j Y T{c Bc chDfY I>@^:?@BgBI8J|IACDD T S >FAC?@?@E}N
IKkQAH>@D ^ Sx ;?FIQ ?ZA ^H$XT keT ^:IEsACJBij _cAC^BD\BgY/AH_wBg^:IKJ1ACLEd>Z]IKA JEsc A:B{c_DBI^:>> TTBIII
TL
NAHEk*?@IK^CAHkaD@AC^:BiB_ ^Hc I[k B
u > TT c DXÔAHY ?Zc hJ
cD=BACY
BgvaJy]{?@e^>FI[IK>Z_AH> EUcD ^:uB k^` S u ACBgBgJJ{v vc BLiIK> _[T A IXS YD@?FI ^ TS IBiJ c D `
>LiT II#?@EdI[^DF?>@J^?F^CIKkaJ> T L
I#N DF> ^ T c EIQaj c 9 BQ Y >@?@^ ^:]gu eIV?@I[>NB DF^C>@k[^:vEUIVAHBEdEL
_VNACD@> >FTI[c DI[h:u I[hD=ACe?FBgS AD@vV>
AYS{j c Edc >B{Y^HkbXAfT > ^ Tc S ID@kIVQoD D6 S Q _ u T ) u j ]c ?FB^YO]iv I[bX?@>TN^yvkjO^B{? ^ bT{c De> D@T I[I1E}k DZcABg_w_ ?@SIKJ?FDEsA> TbtI `
e^CkS Y DFS> c EGc J|BgD ` SAHc ?@BgI Jc BO^C>Fko^kAH> e T Ic E cEsIVA D b ` D#ACBg^CJk#_[u AH> T
D@>@S IVDD vXu D@Y
IVAC>@>>@cEdIyv ` > ^CT kIfJ ]gc DFIK>@_ ? S c _wE c >@AHD ? `
EsÂ _[b _ S ^C]ikAC> I8c A^:_ BT DQAHBg
JnQ AHL 0 c ^J
?yI1eLONI[B > T bXI c T ?^/]gACk^:?F>EdEUc ^ _ bS EsAH> ?T IJ c S ?>N]i` ACLg?@> IKc _w_ ^S eEsACI?
J
4 IKI AHc >?#T >FI[^?]g> TI[^:I1]j EdcI B` Y> T B{^ ^S ?XY ACT B
N> T DFI[I[N?@heAHBOA8>XN^HE ck hTI1c D=AC>D T AAHJEdE*c DF> >ZT AHI[Bge_ID@I[Q=Edh: I[x D Q
_Li[A I[SI[BD@I/LA?@^ EsS A Y b T D > S{cu >fLgI>@kl^ ^?@LgI1I> T LgI[I[eY S vB LO` N û? D@^:TOeS D IKT3v"^S > ]3T I[^? B{uIe> ACT BgAHvV> Q*T AHiD Q
) DtA T
S B
>@I[?1>F?ZA_wI[D> T IyEGA c ?#^CkXA u b ^ S BgJ
I8Jv1J
I[I[?tL
N/> T I
D+J
c ?@J
^:T I]I[D=B> T ^CI[I/k\BL{YO? cEUAHY^
YTÎK>J J ` E ccI[I[Bh:D I[` BS L
J D@N c ^y_ cc >B
AHT kEaI[I1]?FjI[?F^Bgc B__YyI[I[IKD D J T uc kBAH?FEUY:Ê*D eJ Tc DZIy> _wT ^Ce IhI[S k?XD@A>X_w^:>@B]iDZA8vVbXNQ(Tk c S _ 7 TEdEQ
ACu AH>F>@BgI[JB
v=> c >@^:^ B3T{>@c e^D@> I[T E}Ik ` >@B{? IS > >#Ta`>@^>F^> T > I T IbXc ^>@LB{wI[IKD@_DFI[> D ù ^C>Fk1^> > T T IItJ ]c EsDFA] _wS I >F` IK>Fv ^ `
>]T ?ZIyA:_> > c c eDFIKI Jt` L
AHNtBgJ/> T >FIX^h > c T?@> IS ^ ACSDF]gD ÌK_wL
>KNQtD
S _ T Q >+bXTc _ACI>1~Lge^:?@A8BN eT A8IVh:BIACLiDI[ACI[?FB I
BJ
_[ACI[^DFh:>">@Î[^>@D ]I8]iJyu YO^>@AHDF^1>IKc J> v[T Q>@IX^tOEs{>A Q T bt+I ` >u T _T I[S ACBDF> >@A^:T eIX_w?@D DIKT J ^HACckwEd>Fv=EÎV_?=D@^ D>ZS SAHB
LI[>FD E ?c Dcu I[TLiD IÀCkkDÂC?FEseI#A bt>c ET `Cc I[IXc kD j ` c c>oAHB{BgLgYOJI v
k> ^T ?I#> J|T I[IyL>@?@^:I8?X_^C]ghA8I[Nt?FN/> T ^CI#k=D eS e^B{I[bXNTkc _?FTê> T AI1_J
?@I[I8LJ >Fc ^>@^? `?=EU]IV?F> ^CT{hcI[eD u e>F^tAHLgjII
êJ LS A8>IKN A vVcQoT B/IoO]i{k^:Q^?ZDF; _D@I"I[N DF> D bXT c ÎT BJ
AH>@I[^HI[L{kh:>@I[^T?X?c D1eAH]BgI8?@JAC^:Be]gDXI[AC?FAj:>NI _w`?@TIKI[c J eh:c I[>F]iB^?XA8L
NOeN/Q*
A8> NyT Q ^LiDF; IIN#AHeeLEdIKI#ÂH?B>FAC^ D E
D_ SS AHDF>@D ^c êB AC` ?FL
NNy]D ?FS^|c >_wI[^HIKkaJ EGc A BbtY `` LOAN_AC?FIK?FJ>k c S >@^:Eg?1eeACBgA8AHNY?FI[IKe_^CI[h:B
I[> ?1` ^]??@^:L
]gNyI[> ?FT >N I
Ed_I[^CB
h>KIV?@AHD BgTJ c Do ]k>?F^T ]iEdN I[` ?@L
>NyN1kk?F^:^?Ze_IQ T7:c D9 J|Q I[) L>@_^:?@? IK` J e c >F^S ?D@>obXBT ^:^ >oTLgcIeLDFEsI[ACE}ek|?FI8IJ ~
L
bXNT ^> T J
IyIVB j c c I[BD#YRAk^J|?I[L?@I[> >bXACj Tc c B_ YTbXc D=T ]AC?@> ^Ch:c D IKJT{c L
DN^ Yb ^
Ba^Q Jy7I[6 h Q c J
;I[BgS _w> I T{`c T e I
Du T^HBk"AHIEdAE*A^J|_[?Z_wI[J|^LI[?Z>ZJ?#vc >FB{L
^YN/]g>FAA8^ NJ
TI[> cLT D>FAH^_ >#?c ?J
_bXI[S LT e>^ D@>@T>ZÂHAHBgD#> T_LiI[ID8I[QI[_B?FIK7 Jn?@IKc Q >@ ^:.S?c B?FACIKBi>J TJcIB/AyJ
D@_I[e^ B S cAC?@AHEd> EE
>@b ÂHD]g]{A8N ?@I[DFc I[> B
` > > T u bXIT _I[^:Be> ]T EsI1A c EUBg^
AHACB
B >tb e ACSD=D@e>A:_[J
AHIKEUE v ` u Â ?XbXAJ{c >FJ BS I[_DFI1DZv ^bX> T T I[^ ?
I[]h ?@IVc J
D@I[I[B
Bg>_I:AHQ >X>7T x IfQ >@?Zu $XAHBT DZI/A:_]> Esc ^:A cB B
`> cbXT v ^ybX?@TIV>@^3?ZA:_[_AH>@EdD EUDTAc DXbXDF>Zc AC>F>FBI[I[eDFDIVBOB>F^:D > `
^^?#?J
_^
Î[B
D1>@?BA^:J >#c _]i>FÎ[?F?ZN_wI c h7 IyiQ > T AH. > ? TbXc D#T DF^ >ZAHT >@I[A8eh c I[BB
Y>@D DF>Zu ACAC>F?FIKIKJ v1_bX^T B
ACk S > D@IKT J I
ec BYtIKAH BS D=I[>@D@^> c ^:]{B?@IK^CJhIyÂ8Bk>FAI[?kbA_AC>X?J
J D#S EdhNyAHD@? >c I[ACD >@I8u JT{c L
D1N _[ACTDFc IKev DF` I[^:E}k? J
bX^
T I[^D=BLi^:I~>
cAC_B3EL c Bc A/J
I[IDX]>@EsL
A:^N _ACI c B{>8c D eb 7:]{I[7 ?#?@Q Â]i. I[ ?1? S I[klbX^D@> T?yc ^^D B S _`_ ^T]B
?Fh:_wÎ[^]i?@B
I[DFhI[?@EdDI[N?FDZbX] AHc S> > c >T ^` Ba>^=T ?=I^:Ed?IKbXA8bXhc >@I[T B{D Î[u D@> J
DFT I[IID~
DB_b^ ^S >"I[?@? jO>Z` B{vV^ ^ ?7b3J
^
bXQ I[. T D"AH? B> bX^c >oDT ]^ > ?FT ` ^CLgI hI I c ?@B{bXDFY> T ^:ACu ]g?Z> J
^ T IVc IBO?@IK>T Jyv AH` >FDAC^BgACDFEdJ Ed]gI[I8bXYACIKT j JAC` C>J|^> Ô? T IVbXI#DTDFBIK^t^_>o^J
Bi^
ACB
I[J D~ `
kACA Bgc JEdD ` c LiB I Tc Bc DaY1D ^S{?c J
>8QI[?F7 IKJyQ >@%^c ]e?@ÂCJ EdD@S ^ _wIXbX> T T Î[eDZA8N
` ]DX?@p ^WgJT S A8h:_wI[I DbX> cT >@I[BeIVD@D@BIV^D > ` p`
>BT Î#B|~ D S SJ
c >@YIKIJ*eQ S 7 D@{>1Q ^:BW k> AT I[]DFEsI A c uB
DZ> AHc eIKJ
v^
Y:I[D?@^ BS ^:Bg>J
DDF]gJ
I8IKAC_j EsAC`=?FTII>F^/eLgA8NI
Lgu AyIfJ
] IS kBIVBgc D JT ACIKB
J/>v_^:J
?@^
]iI[^DX?ZB{AHEdÊU>=N]Êd? IKA J BIKbXJ/c > A:T_[c _B^:>?ZTJ ?@c BI[IYk>@^:^?@>F> B T c ItY T EsA>@Db ` T c I k
Tu AACDXJ
EdI^:klD@I[>BgJTAHc D#BO>_[v1A S kACD@IEdD@Q I[Ed7 NQ J|I[W BB c I[> TDtI^:?tJ
^ ^S B LEdbXI1T^Cc k_ T > T u AH> >XT ID S ]e EsA bXc B
T> cc _ T v
k SACEdDFDF> I[c Ed_NIJ
LgI8I _Es ACB?@IVIKD J` D L
T N3AHEd> E*T > IT ^:j D@c I1B{Yg> b Q^ u9 eQ I[uBg) v"^CJ
*IwI[kBgI[BgJ Jc BAHYB
>ZAHv YOAbXc TB{^D@> `
Lgc BI Yc B{ Y3S IVLD@?F> ^ c ^:S BY IKT J > ` u J
c BOI[B>F^c I[D _^ u S> T ?@>IvJ|LOI[N(L>Zv> T` ID T _AC?FEdIKE*J Lic I>@^:_w? ^` B
uh ACc Bi_w>@JIKvJ Liu ^HI~k
T]gc^:DoD@IKkAHv EUDFc BI T >^
T ÎJv"]?@LOI[NDFI[ACBg>=_EdIIKAC^HDFk>> > T T I ?@IV; I ?bXA Tc >FeBI[ACD@BgDFAI[D u uACbX]T]i^^ c eB
>@S IKDFJ>L
J
NI~v
> T I1j c :BYg:Q :::C:
7
e> T A:^J
D@ I I 6 bXQ u bXc >FWyc B>@BbXI[D@IVc DFD@EdI[E=D@DIVk DZSc vB1EUEde DN3SS cJ
>FD@I8Da>"_L
YEsACNc h?@_II1?FIK>@bXJ? ST c >@IAC^:>?@u DI[j `h c ACc BgJ|BgJI[J Bg^Cc_BktIKvVbXeQT IV:AHB3n>*Q ee% A8AH^ NBS BD@LiI[IwI?~
T>ZAH^:B
EGJ|>@DI[?@^CD k1` e> T IVI/B _bX^ S c > B
T >@?FeN ` AHLiEUI Ic >D@TD S I[IN`vAHBgD J T AHc Bg>@? J c cN
Y:ACI[D B` ^ =S DA c D@u cN
B ACT D AC` L ^:c ?~
I[Li,
h SIKcvyJ|J
?ZI[IACBggD _w_` II[AC]` ?@>B{Iy^c _>\BÂHe_[B
AHN]gD@I[I[]i>FDI[I[?FB
^HD@>k^`{B{S bXD ?FTYbXI[I[T BgBAC_w>F_[NOI[AHQ3hEdEUIVI8 ? Jx u Q > L
T N$ I c?Ay?S _DD@S{^> b Bgc >FJ^^?Fc ? > > ` cT ^>FNB1êeY c I[A8hBNI
^Cc B(k#ACEGA EdEob > D T SI c >@D u k` ^ Su e?Zv1I[Bg_[AHv D@bX>@IVT D û hjOACB{?@^Bib Avu e> T A8I Nc ?vLiIbXeT ÂEdJ|I/I J bXS c>>@N B` I[DFACD@BgI[J D
ACAC?FBiItvXkl^?@]{I[If]g^:kD?@c^:>@eI u __ ^CT hAHIV?Z>@A^ _wS >@D@I[B?v[I[QtDFDKCoiL Q S $X>T EdI[^> D@IfTc e eS D@?F>IBIK_^>f>> LgT Iy^:D@eI A:u J
^CIk
cBu ACbX^:? ?c >Fu uBke? I[c D@IVI[DFBgBiI[J
v*DZv DZklv^bX` ?@eT_^^ I[e?@T Ed]gNtA8ACh_B I^:c BO^:AHh BB c D _c` >FB
AHIK>@JBgI[J?Fu I[^CD@I[k*> B]gIVc IVB/e ?U c> S I[T D?FIyNu v D^C`SkBc >> ^T` ? ItBu ^:]g]g?IVAH?@?@kD@>AC^:c e IVBDZcDZv E}v ~`
DeS ^:?@I[>? ACc BEY D c BiS v[BgQJ|I[ ? 7 Qu DFI[$XhTIV?@IIKv j c c BEUEdY/BIV_[D@ACD B{` BB^^:>y? Lgu I> T e^:D@A:IKJ
vI>ZA A c B
bX>@I8c >@J BIVu D@L
D N `
BJ
^:I[B
?>e^HkIK_> TT AHI#B "c _IKDJA AH` BgBJ3^? A:_u >@AC^:B?@D AH` DZ_B{I[^> ?c _[vAmbXT , ^ ?F^T >@AC? cDNOYA c ` h:B{I[B ^?S ]Au D@AH> EUS Es~v
_J
^:I[BB
B> Ì Bc ^^?yB û BbXIc > ^CT kX> LgT AI Jb k^:AC?@eEsJI v ` ` B^:{?Q 4A^:q?XAH^D@BN I Sa` bXBT ^^?yEdEdN^B{J
I I[]ibXI[T B
^ ~
kAC^:B EUEd^c B
b kDAHBOk>^`?FL Bc ^:J?tJ
I[^BBI ^_[u e_ S AC]gBAC> AHc ^:Ed^BBD IK` v B{` ^B{?^?tAHB3AACeYI8AHJB^Cu ekX>AHT BgIv ` EU^Bb ^:?~
I[^DFB{>It_VIACD@>@>F?FI[I[D e` BI[Ed^N?Y^? Bc II[hJ|IKIJ ` _ B{c I[^B
?#> ^:c BBI ^:c ?@B
Y
>FAC^8B Dc _[^CAHk>@IKD@J I[B{` D@BI ^:` ?:AQ e4 A^:J:?~
e^]{AH]B ?@Ì[DFBD@^:IKJ?^L
BNIkAC>@>^:c ?@Y eS II[B
` >@BIK^J?1L
^:NBIT
>FS ^B?FY:eI[I[?B
^>@I8?J> TL
c N?@DFJ
> Ì[D Bc ?FÎ ?` ^:BB^:I?
I[eA h IVbc J
B ?ZI[ACBgu > ^C_wT k#I1k S> kT ÊXIK? evyb ACDZ^:BAHee` I[BI B ^:ù?j ACcABiBgJyJ> Tv k^:`c I?h kQ3c> ?@bX> Sc _{^ IQ S ~LiD + ^,
?@^SBeJ
e?I[ACBI[DfBD kT>^bX^? Sc _,
EGIJS ~J
LgY ?^:cAC?@hD B I `
]iACABi_wI[>?@JyDF_ê^:B eI[BtbXe T^Hc kaAH>F>@>@> D@IKT ^
JIXI[v h:Ed^c I[Bb ? Ì[> TD@bX>=I T _[c ^ ACB
DF>FT >@I[I[AC? D"cD1^k]i?1Î[?oAC?@]g> DFT ÂHI#Bg?@>FAHEde^ Eb I[j
B
I[BD@>@^ >8D b Q\u Ed:^HIKkJ
Q YA ;I T S u^ ^C>=S k#ACDFIKB
ACv BN `
Î[h? c c J
BI[A=Bg_wkI^:?@LgI[DFI[> > `b ^:I[?oI[B^Ck > u T A#I_?]gc AHe?@>Ic I[_[D8A QS D c B9 YOQ v. Ed^B/DFDakA ^Cc kiE S E c ?@kII ` u e^CkA8NXS Y AHc hE c I ~
b IK^J ebXAHBc >@`B{LOI[ND@DFI[ACD B ` I[c B
h kc AHJ
BOI[>Bg` _wL
IKvNeACB/A8NtAHYY IKc h:JI[BeAHu c B B` D LOS N_ T Ay_[] AHS D@] I[cDE vX` L
L
NNAA
?@u IVS EGAHJ
> Yc hI8vaI ` D T L
^N/S AEGJfD@_EsA8^hBI D `c J
^:I[?#?oL
> TN/I=A I[h Tc c J
?@IKI[BgJ_wDFIXI[^C?@hk AHc B
B
k>KAHQB
>@D 6 ` Q AH;YIKS Jy>AC> BgT J I
Jb c ^D@?@I8> ACT D@NI8Jt` E ec j:II[bXB `c D@bXIT > ^ T AHu AC>?F^HIkaACe]{>*I[B>@ÔbXvD@c >]iT IKACJ j c D@S ^:B
?ZJ
>F? I[S ?FIKEdN J` ACe D c SBgB
J
>@D8? QaS D@n{>~ Q
W> Bc ^:BACEdEgACBi_VACJD@IVAHDXD@D^CA kaS h Ed>c ^`
EdT I[IBg_e I ` S ^HD@ka>=> BT Î>Xkl>IgAHAHBge JcABJ IXS > EU>FT I[I ?@N u `_^^CekaJ
]gIIVk>@AHI[eBg_wA8I ~
^CBk[I[vDFD@bXI[D=c >@>BT IVID@D@j IVc D BYXu >@D^
T ^yACD@EdE>F? Ac _[__>@EdIVN]v[> Qu AHx DaQ >F? . S BIKvAt> T_Î=B I[gh c c _J
>I[Bg^Hka_IX> T ^HI kg>bXT c IK>v~
eLiI[AV? ` û ? > c T>N*AH>#c ^Hk kwuvX> T> T I^_DF^:IB J gc cDF_> > c cBB{Y Y/Sc ]gD TAC?FIK> JMc I[LODNACY:?FIKÔvt^J/I8 S S ACAHE E cc B> c I[B DKS ie^B ~
A>T J ACc>*^HI[kw?FvI[Bg> T_IIXLiLiI[I[DF> >b ACI[I[eB ^Bu IKY >S T AHIXEUEd>NbXv#c J _Ic DF~>Lic ^B?@Y BSQc D CT gIKQJ & u hbXc cJ|>@I[BBgIV_D@ID@IVc D B `
AA_VJ|_e ^?c D@JD ACc L{BgEU_wI:I bXA c bX> Ttc >FbXBI[T D@AHD > bXT TACD^yAD@_]i> IKS ACACj
EdDXEdN1>@?LgS IV> I[TBc D@BI[IV> BT ^^DF? I T uIK_[ACAH?D@J I[`Dvc D `
BbXI T c >^T J
I[?tI[]iEd^^D@DFIVI[DD1D@c B] c ?AHc B> S ACACDFEoD@I[eeI[L? cEd>#NB{^C^k ? T b ^BI8AC^ EdS > ?ZT AHQyLEd I7 eQ )zI[B bXu ) c >@?@BNOI[A:DFDv
ACB
N
> T{c B{YI[EdD@ItL S > bXT AH> T I T ACD#DFI[I[B ^? T IKAC?J ` kACEdEdDXA8k>FI[?
eTJ
IKIKAHAHAHB >?@T/Dtu ^:ACT B
? I8c N
AY > J
c TBgEd^cAHBB{EUEdYY Nv=ACc B
BgB>FJ ^:^ >c TD ACI[]u EdA8E\]iklAH^ >@BgI[c B
? Jb>@I8EUAHJ/^:?ZD@J
I[>FD^/D v#T LgIwI8I{A8AHhA e I[bXBac BQXc >@IK:B{JMI[D@Q?@DyI[+Y
D@ACI[T ?ZIVJI[DB c B{^:YA ?
c. > `CBT IIXee AHSB D@bX>T J
^ IK_c EsDiAHk?@?FI I[Ioc > k?Fu Îwe{A:__>@^CEdhNIVv>@^ AHS D D@T BIXI[DFDZDoA b eA8^:NX? LiT IIKAHu ?ZA:J _[_c I[>K]Qo>FIK{J Q
>eACT DAHvI BObXS NBgc >@^J|B{> I[I[T ?@D@I[DFD8>Z?y#ACeBiL J S I[c B>B`Y/BbX^:^C>T k"^/I[kI[hACeIV?@BIAHEde>I[A D ACc B
c B
Dt>@N IKACJ ]] >1S bX?@>Fc I >^ T b b D Â8c eBhIVQI[? B `` {BLiQ ^:IK?1+_[I[A hTS I[AHD@B I >
bX^B c >@B>@? I[c DFAHD@EdI[DKD1 J
u J|IK_I[Es]gAH^:?@DIc > c ^:SBc >@DZI1vtBgJ AHc *> S I[?? ACc B{EdEdYN ` k>?@T^:eAC>X>e T SACDF> >òLibXItTc?@_ I8T _I > c ThIKI[JN
e> c _AHIjQXI :c eQ ]$X?@^:T ]gI I[bX?FEdNc >F` BACI[?@D@I DFI[b D1^Lg?@> I T c B{EdI[YD@DACkDF^:D@?I[eu > L{T EUI=I8J] S c ?FB]g> ^:T D@II[D_w^H^ kwS v:?F > S c DB ~
>> TT IIX ]S ?FJ|I[YD@IVIBgI_gIAC^Ce k1c B> T ItI> T ]I[EseA c B
` > j c -c BgJ
ACEdBgN/JI^CktT ^:> ?@T > I/c BJ
YI>kI[T BiI[Je ACB
c B> ` > EUT IVI >
k> ^S EdAHEdÊdEUbXN c B>@?Y#ACeBDACAB_B{>FIKI[J ?Kmac B39 >Q=T{p +c DyTeACAH>">@N>FI[I#?j
LiBI[^ >b b I[>@Î[B(T A8> h:T I#ILi> bI[I[^ Bee I[S B ~
kLgD@^]iIw?=IKkÂCN?Fj
IyI DXACS > ?@DT I ` I1bXJ
>@IKc? >F_wS BEG>AHI[T?@DFID@c I[B AHD EdTEgc Bc > D=T > I[ACTh > c c D J|c BI[u _VBgA:A __[SI _DF` ^:IKYO?Zv[JA QXAHc B{ BgD 6 _Q#I u A8pbXk)>Fc I[> bX?T cJ|>@> IKBT ACIVI1> D@T >@D ?v=SbX> > TT T Î
e]gAC^:DFD@DZ>oAHLIgEdI_I[kEdAHEdI[eB
I>"?@IVD YS c _ ^T BD >@I[u DF^H> kac eLE ^:c D@B
DZN v"ACc DBgJ ?@IVT hIVI[?@?FI IKJ(u LgL
IVNEU^ b ; v ?A S T BeD S AC?B ~
u
LgIT ^ cc S eD@Bg>@IVD@JBgI[E}_L
kwI[vVND8QXEdACI[n{? > S QBgu eA{p % p I[D=IBklI[bX> >@T >FT I[I[^?@?FDIYk`g^c T h:?FI[IKI[EdvD]EdYkI[AHc D@hEdD#D@IIJ >@S I[? ?hS c cIBJ
YI[I[Bgh ^_c B{J
I I I[Bgc T
D _S I: BiQ3?FJ
e?@ IKEdx J N Q
BL
p ; NI[NDFDbX>@cT? >@S c BDt> I[T eDFk D@S I[I[EUDy? B{c >1I[^CD@k#YD1?FACA^ EdEb bX_[D AHc ` >FD@B>@>@?I[IVS DFD D> Tu c hDXACe ]?@BiSS AD@? >cv[ `QIK> JCT gÌVQ?@> IT kp ?F^:$X^ ?@TS I IY` T Lg, I^ >@?S SDFE ]g> cT^:>@kjDFS I[I[EE}B ~k
c> DXT I > T , I ^ SbXEc
>@BJ
I[I[D@DF]D1c ^CDFI1k>BT Î >,> T ^ NS E ^ ` b ACBBgJ, ^ > TS IE ` ,> T ^ I#S E D S c D#]?F> I[T eItI ?@IbXk S c >@YB{IyI[D@^CD k
^C k#4 e^LiI[^|BaJ|QN DF7I[I[Q(D pS $XDKT I L bXS c >X_Fj> I8T J I1`Y:c ^|BgJ|J
DIVIKJ J c DF` > cDBgA8_N >FEUc NBDF>I[T ItI >c ?T I[T eIKAHAH?@Bg>@D J `
>IKTACI?F> Tae` AH> EUTI I bXb c > AHT>@c I[B?FD > ` T Iu >c ?T I^ b eBAHEdLI ?@IKc BiAHvyD@>FDK> TQ(I T IKQAH?@p >$X` T > IT ID@j
eN ` Ô> ^:T B I `
>> bT I^D > SbXB c E ` c Y > T T >@I D ` AC?@BgI `J S ACD@e> c A/_wIACjOBiB{J(^ b> T I > T bXIc Bi_^:J Bg` J > S T _I/>yB ^Cck#Y ACT Ed> E` _w> ^T ?I ~
]gACDF^:j ?@IKc AHBEX> LgT IIXc B{k^:Y?@DKI[QdB{p(Ô^:B{Q > T $XIXT > bXI c u_ IS ~J|LgY^:IK?@Bv ` u LibXI c c >FBBYI[DF]D@I[S D? v c bXIKT J ^ ` uD ACT EdAHDFEd^ E
TIKACA8DFh> I` Lg>@IVÎ[BgY v=c h] IS >@? ? c}S IKI/J I[` h u c ACJ
BgI[JBg_wD@I >ACc BgBJ{vo> T kIA:_ ]c B?@YyIVD@>I[TBgI1_wIB^:^C?@k > T u c e^?=AC> Y:T I[I D
^CA k[; v#?Z> A T T IeYAH^BgJ
A Dtu AHLgBgI[J Y c ^CBk B c; B?Y A TbXec > TACBgv1AHp DK, Qy]iIKACj Q ` pO' AI[> T{D T c eAC>F? Iwc {NOAHA e u Lic BII~
YTcc BeB vc BL
Y N bXu ec > TI[B
v1> pc , ^:]iB IKc BACYOjv > T{T c ID=>Fj ? c S B> I Ta` ` Ypg?AyA c B A ` c AHD@BgNOAJuY:A:^J
EsJe` ^:A B c,
D S TJ
c B?AY
u > T S ?@IKAH>@I[B c B{Y Tc ev bXc > T u u > , T IYc Sc Ed>1` ^C+kwvT I[hI[?FN3_? c eI> T u AH>
>@_[; ^:A ??@A eD@T I[eIVD1BOACEd>^Bgv#DFA AHD` ?@^HI>FkÂC_[>DFAHTD D@c I>@YI:B{e aIKJS {?uJ
Q L
I[N/?@IVA8>?TN ^HIB{k DZYOb AHv YÎ[ep DvtI[B>FÂHAH>@Bg>I[TJh:II[_ ?#TD@Es]{c A8EsEGJ
N:A:?FI[_I[?1I[B D ^C` k#>F^HÂ k
T> T c e ^:D@IbXD T T ^ AHEUEiLgLiIV>@I#?ZA8> N
T DN uA]i^k? ?Fc > I[c Bg^JBgv` ÀHc BgkaJ> T >@^ ^3S AHD@]iB IKACS j:BI[Y:D@?Z>=AHk>@AHIkEdD@S I[E#EdN
eQaAH B9 Q`
peu $XAHBT IX`
T ?FIACb DF>AH?ZJ
J^:v"B^CIyk\D AHc BgEdEg_eIy>I[T ? cN>@^:L ? cc ?@^ > S TaD` J|D I[T IKAHJ
EUED LgbXI8T_c^_ eT It> T > ^ T SaIy` D YT ^
AC^?@JI
^C>@? k1S >> TT IQJ| ^6 YQD `=p W c kk >c B(T ^ >S T N3> TDFc ]gBIVj:IKI[_D@T> `X> . T ^ kS ? c IVJ|BgI[J]gAC^H?Fk>@I[h DF>c ?@> kS ?@^:I e`=bX> c T> T I
?@I[DF]gI8_>t>@^> T N
DFI[E}k ` W ACeAHEd^BI ` u jOB{^ b > T AH>Zv> T AH>1DZACY:I
O
>bXT T I ^bXe T à^:bXEUI c > uTAHc DtB3A D@IV hBI[IB->@J{Â8NO> T DIA8jkl>@c I[B? Y
v[T Q I 6KT 9 AH{DQ Y $Xc hT IVI B3bXI[c h >@Bc J
IVI[D@BgDt_w>FI ^ `
TJ
IKACAH]{> ]gT I[B{^CD k#uAA?FeI[EsACc D> kc ^h:?FI > ` S D BT IyACEd> EoT Lg?@^ IS eY T AvJ
DIfc _F>@j
^B]gI[DFA8D N/` >A T I?@J|I I[` L^>?1AH> BgT JI
bXAACLT EdcIB_ TI>@^yQ B?@6K^ IK9 AHbXEUEdQc N>@B{W AHkXI[DZD@> _DFb I[I[?FDt^ >ZAACu c?@]iBIyAC?@>A8> T hc I1I[A DZc >@EsvtAC? SLJ >Edc IDFT] ` `SAHT Bg>FI1IJeAC> LiT A8ÎNS _[u >1 A S SeJ|D@YAHI IK>@c>Fv >=I[c ?@>@D D^yS kLg^:B
I ?~
JACBgc DZJM_^C> h:T I[Iy?@I8YJ1Î[J
hD1IVBÔAHL
> NT D AHBtT A8Ôh:AHIt> T LiQ I[6I[B6K9 >ZQ AH; jI[^B> T k^:LO?#N1>> T T IIY] ?FS IK?@AC]i>^DZDFAHIYI[^CD k
u
AC' J
B/I[I8>=_^
Bc ACJ ^ > c T BbXY/Lgc D@IwJ
I1k^ êS ?FIL{AH>Bj k Sc D BEsb vY IKeAHu ,|?#AHS >@ACJ>FBI[AC?@DÔD8v AC\` > AH>T TBgkIyJ/AHEdD@=D@Î[ACBEdND c ^C` D kI[T h> IVT c B AY
A8c I[BhhACIVAtBgBA{>F?QD c}b g6:^c 6B?@6 YI Q
eu b AH^>@?F>@EGIVJ{?KvX:kAC^:Bg? JT A8I kl>@bXI[?1T ^J
IKD ACb > IKT ACQ ?FD66 AHnBQ Ô4 AC^> T _?kcACeEdD@IIVEU` N _[A c DXS D EU^:c BD@Y> cEdB^D@>DT^Cc Dk
u
^_[J
ACLI[DF?o>@I8klI _^`{>@?DXc DA1^H_ka_^:^ êbtBIe` p^DXc ?">FJ
>@^CIKI[kJfD kc ?FS L
I I[N` E ` ACD ACb>=BgIKeJ AHAH? c c ?@B B? Yc u AH^:Y?ZkI[J
AHD I[Ed` D@?"kI[^:>@EdN^1?vD> TT>F^ Î#b bDACv\^:jkeIA8hI[^C^B kS ` k?a^> T >FJ:Î ~
u
DAACb B ; cIKe?ZACA ?ACT EL
eTN ACIfT{Bi? c AcDXJ
Q h:I[6:I[D6K?Z^xA:B/_Q c '>ACN I[Bg` >=JA> TL
NI D TT{ cACS D >@J
? b Yc NOIKIKAv=AH]g_[L
^:A N SBD@DTI1` c DAyA _ ; T A?ACAc? D@cT N
êAt>#ACL
^:Bg?XN A> TT >Fc Î D
jTcc B{DI ^ ` b YB ?A T c IKB A:` JAHBg> T J I#YY ^:SEscJ EU>` voAC^CBik\JAHEdA EY,|? S c IVJ
h?ZÂS L
DN ^Hu cI[eBi_]I[?FD IK_[u AH]i> ACc >ZBAHYjA^:vVB Q
u
u
^^C6k?6 gT>@Q^c D . JbX?#c ch:h:> I I[T DSI AHBgBgJ
S JI[J
? _ YTb I8c ACvXEsJ
>@eIV?F?I[A8Ba` N^:Q ?#_V6A 68D@S IV7 DFhQ ItI[% ?> ACIT EdIEdbXN/T ]g>@^ÂHe?@>@>^ N> ST vX_I>FT ^L>Es_[AT AC[I ?Fc B?@T N Y I8A J
?@?@IID
LS S] ?F`:BbXDT B{^tê> `
I[bXI[>@T D êzbXc > > T T I B^yb AHD@]i>@I[I[?"IKJ|k^:N?Z_e I[DXc DB{k^^?F>=> S >@^BI _` ê eS I D@>"u LgSI c _FT jOI[EdNEsJ v
ceBBI[?FÊd_N I[B
bX>yT I[^B B u > ACT >FIDZA D@>@b ?FACI[BD1Y:A> _[T _ S ^CD@k[IKv J TL
c DN ^
TACc D#> T N:Q ^ S 6B{6 YI[Q ?L0 ?@^:^:?t> T klÎ[?? ~ `
>u T^HkI T c ?@DZIv` L
> N/T I?@I8DFAC]
D@N3^:B^Ck#^Ck > T T{I c D1b h:^:I[?@?ZEsA:J _ `c >LNOSQ ?@6B6 IK{JQ B+^:>T I[IVBhI[I[Bh:I[?1A kT AHAEUDFc I?
I[hhI[?Fc J
D@II[Bg> _T I I#T AHS DJ
Y:LieI[I[I[BB
> Y ` c hACI[BiB J c bXBT AHAHB
>@NI[h:D I[S? c > T ` AHEdD1I[>Lg>I[TIVBI uJ
^:S BJ
IY:IKe vXS ?FID@~>
Lg_^CI hIVu _>@^:^ BS DD@cBJ
I[I[DF?FD IK` J J c ACDFDZ>@v ?ZA:S _Bg> cJ
^:^:B B` I>FQ I[?@6:?F6^{? `Q k& ? c h I[cBgJ
J|IVD BgT_c I ] ` u YE S c h:DF>I[`:Bgb v=?ZklAH?@^> Tae `
c YB^:?ZAC:Bi_:I ` AC:BiJ:_ T:c EsCJ c :D T B I[D@D c D#J
I8_EsAC?@I8J u >F^LgIKv c B
hACE c J*Q
u

6
6

W
X
b
c
S
c
{
Q
d
E
E
{
]
@
?

^
i
]
^
g
B
J
B
EsACACB
?1N] ^S BB Ic D ^HT ke> I[T B
I[>FDFD#Ikle^? ^:>Tc c he IVDKQbXT 6 ^n 9 Y Q J c hS u I[%IKDvI kÂCbX?EdD@TJ
I^/I[?/IV_h ^:> c TeJ
IIVe Bg]g_c IAC>FDX?Fkl> ]g?@c ^_ IVSe ?~~
u S]g?FAHN|BgvACD> Tv ` ?F^ u S T Y I T bX_T ^C^h:I[>@J
^ ^
S I[D@D BIVc >ZD@vRDt>D TT ?FAC^ EdEaS LiY TI J Bc D@IK>FJ?ZA:^:_B> cIy^B > T `#^ c S B(DZAH> BgT JI
Ede ^ b c JI[J
DFE>c BACYXeACI[e?Z_wI[I[?Ze_IVI[eB
>8I[ B
u >@c DokD A1T eACEdEAHBLiIXJ
]g^
AI[Dc Jyc >ZACvoD> A T ?@ ^ BS I Y ` T u c kk I8T ACI#? ` J
> ^
b I[^ D
cI[>ZD@v*> > uT AC?@e^ S IVY ?ZT_I[kle? c I[I[B
Bg>ZJ
vVD Q Tc6 ] n ` 6 kQ ^ S u % ?oI> c ebXTIVDa^> J
T ^
I#I[ACD ec >^ vXS >B
T >*?@^C^ kgS > Y T T IXE EdS ^ DFb > ~ `
bXû D BgTT JÂCEdACJ|EXeÔ]gIVIVA8D ?ZNc_vy>I[v*e>@> IVTI[BB
?@^>Z> vVS c eY uTtIVT DbI >?bXTAC>TI/T^MEd` ^ J|> b T ÔIV?FIVI[D@D >I=c > >AHc v#ee> I[I[T ?D?@_^> I[T S eI=Y I[T BB
I>c Y` > BL ^:u S^?Z?o>AHBgDFu IK_T _FI I ~ `
>Bb I[DF^D k` S ^:EdBE T
I S T
BiS J
Bg?@J
IK?FJ|IKD J ` L u S]g> AHBgu T ACIDv[bXQ T 6 ^nn{J
Q^
I[$XD T c >ZI[vN > J
T IK?@^_EsS ACY ?FTI_> T{T cACEs>J c > D T T I ~
bX]?@c IVD@hI I[T B
A8>h:A=I1k]A ?@c E I[S D?@_I? c ^HLikVIK J S D@> > T c _wI[ID@I` AH BgB{J I[DXc Btk^:^:?#?ZJ
]iI[I[?o?U>FS^#?@?@N IVìD@>@c B?A ^:c B ?ZJ
c B8I[?1S >FD^ ~
> c _IQ 6 n x Q ;S >A S D@>=j c B{YD T ACEdE BI#AHBgJLgAHB c D T u eI[By^Ck[v
bXD c J
T IV^ D bXc Bc >@B> T IVND@D@IVT DI8ACAC?@Ed>8EoQXh c ?Fn> QXS ^p W S kDt> T A^ _S>FDtACAC?FBg>XJ BÂC>1EdEAC_>X? c heAC? I[c D AC` BgI[_h:I I[?tbXc?@> IwT ~
>> TT NAC>T JI8ACc h ?@>c B` I > T ^ AHS eBAI[IK` J|> I[T D@I/>BD@^:I B3c > T ^HIVk? h cc Dhc AC>D@>hT AHIt> òPtbXACT B^Y:I[J Db BI[^:Ed?EdD > T c B I
bXeu EsAHc AH> BgBTJbXT
^CS T k=B^t> Y:TY I[IKc ?thvfIVACDo BgkJS AC? Ed> SDFT{IXD8c Q?FI[D@h > c x` J|QAHI[BgBgp 4J_I ACJ
` j:I[Y:IK]^ J/? bXc AHhc BgIK> JJ/T ^CAD Tk]i^D ^?Fc Y>@B D T ` T > >FI[` ^?D ?@JT eAC>FI[^tEdEaB
Li>>@TIKI[JYI
kJ^
AH^?@J/j
BACI[>1DFD\> TD T IACJ|EdE:Ô> ^:T ?1I=^CD k c B
Tk cS D1EI[eBAHIVB1e> NOS Q1eCLiEdQI cp B
% >FIK^ ATJ|I[EU^:EdE B`8Y bXìT c B^XLiS I >Fc >@BI[Y ?
kcACB
AHB EU>@DFI[S I[?FEdB
?@NO^>@Q=?Y
S AC I>F7 IKQtAJ _Vp $X_c ^B3T S ACAB
>X>X eS ^HJkACc BAy_ c >@bXAC?E TACcB^ BgD cAB/S_c> A?@c N^_B ^ AHS Bu ^:?FD >?b AHI[u ^C?FD@DkgD@IV ^:?@S >@BD@DtI> cA_ I8kS v#AI[_wD@Y >Z> c v=chÎ[^CB Dk
bXbXTT c^ _ TD b T ACI EdEdb ^ AHb DD B ^:D >TAHBbXc I[> NT I~ > bXT c I>@BLiIV^D@DB{` I[?@DKI[Q(DFI[e{LQEdI[p $XDXTA1ILE Y:c Bg^|JyJ|DeAHAH?@BI
^CYAkc_Vh: bXI[S D#TA I[c^:B
h e >@c IKJ
J I[T{Bic bXD_Ic >_Q1T^B{BDZ^_Qfc ^ Lip ' S I[IKD>@AC>FI[,?FB/?t^ S eBE ^ AHTbtB AHìDc B/. B> ^3kT? cc JI[D Bic bDFJ >@^?` S?@kEs?FD@J^> `#e> T bXACAHT B BIVB TIVBc e T S I ~ `
ebXT IV^?ZACY> cc ^h:BI[DXc kBACEdJ D@SI1II[h ^c ?ZJ
J|I[I[Bg? _wÌ T c^ Bb DFI[ehACI[?B
ACNEo?F]gI[AHEsAC?@>> c c _h:S I[EGD AH?T I_[AHJ
D@I[I[DFD8>@Q#?F^CNO{D Q
TT
p % SItI=Bgj J
j c Ed?Fc EdEdIKDEdJfD >F LOI[B/hNIXkL
AHL
NEdN1D@kIkAHAHI[EdEUD@h DFI1c I J
>@$I[I[BiDFI[>_DFc >Iec e_w^:^^:B
BgB
N_N#IV?@?@?@I[B IVY
c YOBACAC?ZY ?J JT c B{c^:BY?@Y D@jIVu Dc DFB` eI AC`BgACTEdJtEsItv*A_[j >AHc T >@EdEd>@^ DEdS I A ~ `
kDZ> AHTAHEUBgI DFJ1I[S EdNL
B
NLgc B^:kAC?@BaEdADFoI_[L
AI[NhS cD@J
kIAHI[Ed?@BgD@IV_IYOIXACI[_?h ^:J c BgJ
c B_I[I[YBg?F_wBYIc^:BEG_JY1^:`gBgeT_I[I[IBa?FB j Q*c c :BEdEdY/D#Q=>EspACT ; BgIN#J LiDF`*^]gT ?FI8IB3ACj j ACc c BgBEdEdJY D
I[c Bh:YtI[?@EsN
AC> BiT{J*c B{Q Yg68
9Li9 IQb p $XAH?@T I I[` N> T J
I[IK?F_wIEGkAH^?@?FI I u` k^HAHkaEUDFkI#AHEdI[D@h IXc J
I[I[h Bic J
_I[IKBgvX_w_I^:Bg_w^_BgI[?F_B IVc?@BB
Y ~
b_^:ACBg>@_IVI[? ?F` B _c ^:BBgY_I[AC?FEdEiB Yc BI[Ye>D T ` I]?@_VÂCJ ?@SBi_wACIKEoJ I[BKc B^CbN
eAC>FI[I[B
? >X` ^:^C?#k _b ^^BeD c I[D@>B c `BYyACBg^CJ k
D@6K>F9{^6 BQ=IVDp 2 u >@AC^?Fj Lic BIKv=Y IKb I[S EdAHEgEdACEUEdN E>u bXT I#c _FIVjh I8c JEdDvXuACbXD#TAfc _ E T c I#AH_w?@ÎBg]_IV?@^?@B J c S B_wYIKJEGAHv=BgL
J*N Q
]iT IKI[AH?U ?ZS J?@N ^` ?yJ
D@I8I[_I[EsB AC?@Iu c >> v[T Qd^p S 6K9^]inQI[B; EdN ?ZA I[T heI[?FAHN
Bg> TACcD BbXYT AH^/D >@u I[> BiT ^J3S_[AHT >@AC>@D@Ed>I v `
bXB c T ACÊD@>@I[?Z?FA:hJ
ACI B
`*>@D1bXT^:?^MS AHD ?@S It?@eI[?FIKD _` T > ACT B I c _wu D S ` J
AY_>FI8^vX?FD D T uAC^:EdEa?#>FD ?@c IKBAHY:>I[?@E Dc jv Ì e,
S I~~
J
u > ?T ACIDKQ kA6K9:_>Fx DQ >FW B^3uLiD@IK^:veJ IKcv=*_[I[AC?@DFIVI[BODt> ` AtY ec hACI[B DbXD S T _ ^ T ` > u T kAC^ EdS D@YIT I[hjOcB{J|^ I[bXBgc_B{IKYv
kJ
?FI[^Bie!_IKvXA> ] T c I[^ N/S D_[AHeEUE*^> > T c I1h:I D@` ]iJ
I[IK^
_ I[T D^CBk\^:>>T EdIt^:D@Y:I ^|J|T DKIKQ A8h:6KI[9 BagXQ +D S _T T I[B{u I[I[hh I[c ? ~
>A T ;I?ZJ
A I8T ACe> T AHBg^CA kAb ^ ,
S S EGJ
J?ZA Li` I ^Huk_[AA S D@I8A Jc DFv1NOAL
N/` ^CAkAJ
IK_wEGD AHT ?ZACAH>@> ? c c^NOB A ` ^Ck^:?#> T ^CI k
>@]? ?FS I>kI[T?` ACALEdkIXACEd>@D@^1I T > ^
T ^|IJf>F? eS > A8T NXQ Li6KIX9:D@7 ]iQ ^,|j:S I[_BaT Hku ^bX?c >@D SBIV_ TD@D@IVu kDZACv"EdeD@I TS ^
D@>^|^CJ{*v I[c ?D
>@_^?FIK,JyAC>@?ÂCD@> hT AHI=> Yc ^^JLJ
EsAHIV> D@c Do^^CBkgDoDF^H]gkaIVLgIK^_ Tac EdÌKJyu > T
? cS _DI vau ]ijI[AC?? kS ^v?Fe bXcTBc YX_ T > T ACI?FI#LiI[DA8D@> ~
]i6K9I[BgACQ Bi_. I ?c B/D S ^:_ ?ZT J
IVu ?#A >@^bXc I>@B] I[cDFACDZ>FvIte> T A8IyNY ^HS{c EdIV>X?M^HA:k_[> _T ^:AC?ZJ>c kBACYEdDFI >@T^3^
>^T J*I Q
?>@SIw|EUI >F`D `_EsÂH?1? c}> T IKIJR L Sc j >@>F` I[D? A_c B?FIK> JT I >F^ ?@I AH` ? ?FS IKBi_ c A > c` Bp Yy5 B
> T > cI#I à. S D TeAH? AHS BgBgJA A `
>> TT II S+ ]AC]i>FI[I[?@?@eD8Q ^D@6K>9 kIVQ >@>@)IV? ` epa^:AC?1B > bXT IT ^ > Tò?@bXI[Ic > T h^ I[S?FD@>1I[DLgI Ac J{BJ
Y ?@I[c EdDFE D@` IKJ
J^
>@I[^ D
B> T ^:?@>I[YIRc h:kÎ#?FI[>@Bh cc YJ
TI[Bi>FD _I u Ac Bk>@I[u ?f_[AC> DFT I[ID1D^CS kwv"eEdeÔAH^BB{DDZvAH` BgDJT >ACT EdEI1LiE cIKj:_I ^:ebXcI> T{?@cIwB ~
D@]i^B{D c LEdItkl^?1> T I bXT ÊdIJ|I[L>AHBgJ u ]gA8Nv1A>FI[B
> T ]gAH?@>1^Ck
O
>c J
T I[I#Bg> _wT I ?@` I[IL S u Ed>^ b A IV;?Zv?Z_[A AHT D@e>FI[AHD Bgu A hAHT ?@I/BgA:D vT bXAHEdT E ^ u ^:T BA8EdhNIXvyY Lgc hACI[B Bfc D kT ACQ EdDFIX6 I[nHh:g~ Q
u
Bg>@2 ^RAHAHekB ACIKSEdEsJ` v >F>c I[B/T BI> T]DFIEsÂB_[_wACI[^CDtDFI[k^Dt>B ^CT k=IbX> T,T c I[Iy_ E}T ks> ~T I] ?F S I[c BIDF>@c DI[u TEdB
^ e> b I[I[B
,?Zv>hA8_[eNOACAHDFA8e>@NI[DL LgT
I u Shu vACe`=?FBgTAAJ
AHvVID
L6 nS 7>Q A u; $X?ZTA TIVD@eI/ACACBi?FAXIKv1D T > ACT EdIEJ
Î[?F]gYOAHAHB?@> ` S > BT TOIS Li?@I[> EduEdkN ?F` ^> eT I> T >@IX^B{_Y^ SS IBO`>F?@> NT v[I Q
>> bb ^^TI8ACAH?@BgD J
` D E c` jACI BgbXJ c DF Ik>> TT EdI Nu > bXT TI=^> Edb IKv^LikI[Î[J
> NO` Q > T 6 In:IVNQ I ' ` I[> >T >I=T BI û DFj I c ` B> YOT v I `
Tu ^HA8kgh > c TBIYf^Hk SEdI[EdBiN_ACIKDv _` I[AC?FBi>ZJA c TBI8A8Jh c B> T Y#If_êB{^D c> J
c hI[I?FIK` Jy> T > ItT IX> c ACeL Ic E cAC>BiN Ju ^C]{kgEG>A:T _II
u
]]_? SS c eBB cc DDc BgTT ACeeE*IVIV>FBOBO^>">tD >@J
S ^1IVD@kI[>@AH??FEdv1^CEN
ÂCDtBBgJ?@> I[T >] ^:T S D@I >ZI AHbX> Bgc TÂHB3>^S J
?FAHIIVeD@^HI[^?FkB{h> YI T eIKc >Kv1QI[_B 6 ? `nc e{ACQBgI JM5` _VBKkA ACSSeDFDFI>I
u
^C6 Akn:k>@T IVQ IK?A8) h:J
I[I8j BaACc >B=T Y Edv I[`bX> ACT T{Bg^c Je ] _[`S A B>S T c DFD I[I[T ?FD=I[II[D#k^h> ?FI[T I B ^` DFc LiBI I >bXb T T ACI^?@BIJ
I^H^k > Bbu ^:c B^>i?FJ
Esc JyIV_wD@> > I[c TB?FIXhYOIv Ed^cc DF>8> D `Q
kAC' AHBiIVe>JNT] c ^S eBB c ] DTTS c eI[B D1c DFD BI[TE}^k >AC?@>BgD@T>J ^:L
D@u N I AkbXu >@Y:I[T I[?t^B
J
>@J
EdI8IKI[ACvXDF> I[TA:?@v1J
h:eI D c ^:Bc > B j
` cD >Lc c?^BOc B B>F^`Y:A8D#T k>FY:I[I[?@Ed?EIKQb AH> AC6 ?n:c J
B
D~ Q
L
]iN^?ZuAHT EAH_ ?@T D TACDFv#> c?FD@I[IV]e?FÔI[^HB
k >K` Q > T68xc ?Z9 J
Q EdN;"L
S NM> AbXT IVBB I ` T A8Ik>F_VI[AC?1B> BT ^:AH>t>#?@L
IVN/D@>@?_A ^c ?B ~
DTS c e_ T AHu ]^C]*EdI[NBg>@J
ÎV?@> DZT vfI[I[eh:I[I[BhI[L
B NAC_wEdÊg?@> ]iT Î1?kAC^ ES ] ? S u B ec D ^T J
eIVD#I[B
_> ^K` ^> Tc B
I[>FB EUNEdvVI[Q >
6K:x{6 Q :$X:T ^:D@:I :>@IK_ T :BCc _V ACEtBgAHeI[D^Hk u _wI[?@>A c B S AHB
> c > c I[D
^C^k[BvI8_AC^?@]{> T ]gI[k?^:`?D> cT EdI#hIV] ? S ` ?FAC]gBg^:JD@I1Y^C^kaEsJL `"S D bXc BTI[c DF_ DXT >@AH?AC?@I/BDY:AI[_B> c I[^:?BACDXEdEdNACeS ^:DFIKBJ Y
ebXTIVcB _ `=T-Wc DbXcD@EdI[EI[Bk S EdbXEdN3T I[J
BIK_>EsACT ?FI IQ D S B6Kx n{D TQ c B$XI[DT I/> T h:?@I[^ ?@S NY T D@eAAHEdEGEXAH>@e> c ^_w>FI I `
>LiT II[N/_[ACJ
EdEdIKIK_JEsvXAC?FAyI >Fu ?Z>FAH^DZACLg?FI8I[vXB S> T uItA EdIK ACÔDFAC>X> c^CBk Yu AH]iEUACEsv=?@> c _S EdACIB
^H> kc > J c IVS D#D@>ACv[BgQ J 6Kx:u >Fx ^ Q
Ec jOBD ^ T b A uu >> TT IAC>I[vXYIYyc Y ^CTk\>XA1>FEd?Z^ AHS DZD@ACIK?Fv I[` B > S T D ?FI[u I1AH?@^CIykaIK> T SÂCDFIEsv >Fc^tB/^L B{S I#EdjY?uA >@c ^
Bv#^CA k
LA EsbXA_FTjyc >@e I1S e D@>S ACD@?>JAC?u J:?Z~ACDFY
I[ACIKDJ*ACQ ?@D68T x ACi]iQ A,
v c ` AHY:Bg?ZJyA c > BT D=?@I[^CIk ^CbXkaT> c T >@II#eEsAC>FS >@D@I[>?=AC?Z>@J^
ÂCAC?FB{?FIXI#I^^:j
BB? IXIXc D eeT BgcAHJACD EsJ
T A EdA Iu~u ?D LiACcdIKj
IKAH> JfBgc jv LgA ` AC` AH?F^:BgEdI[?1JyN:Y ~D _Sc ^:B?@>@Y
BI[A8IV` ~BACLgBi^CIV?@Jyka?@> N> T T vV^?FDFI[ I#I#h:^:LgIBAHj
IX?@Ed? DI[c S DN:Th~@_BiAH^?@ACBg?FEsBACA{DD Q
Je6Kx:T S 7 AHDFQ?Z>AHLiBg0 IA^ S_^:?> bBDD ^Sc J
hj
I[AH??F?@cIKBgD JT AHBiDM^:ACBAHEsItAC?@ID euÂH^CBD ktTIAHD c]ijEdh:A1ACI[Es^CA ?Zkov` `#D AHc bEdBghJI I[c ?8Y >@Q T I[I868BJ(x ]g>@Q AH^:,|EsYACc I[D> >FT ^:I[I[I[B? B I `
^Cu > ktT >ACT >^vDFAfI/jeAC?FAHD jT IAA^Ck\D _c ^:EUh:]I[]g?IV?J T c DXAH?ZAfAHjBgACA ?@` D T^?AC]i] ACS Bg?A AC` Bg^:A{?X]gL ACS Bi>AQ jOB{6Kx^ b Q
k^ BS ^?b D S u h> ACT ?FAHBg>ZACv"DX>@I[e B/S J D@>T AHLi?ZItAHBg_ÂCBD=D ^Cc J
kaI[D ?@c EdI8h:J I[?u IKe S ACAHj:EsIXv ^c BBIb DZI ACc >Y ACT e>=AC>@^BgA{A
Bu >Fc ^D T LgjI8AvXQ > 6KT x I Q ?@$XDF> b u^ ^?#T
S Ed^ Bgb J
I[?FIKD@>J/vXACACBieJ I[?Z_kIV>Ne]gI[B
AC>Bg`:AH DhAHI ?@Iu T
J
S I8Bg_J|EsAC?@IK?@I8JJ v
A>CT ?FI^ S _D^:ACBBgD Jc J
ACI[D?FIK> JT I ACTDc Y > TT I[I/D@>8eQ IK6KAHx B Q u ^) ?J
e I[Lc J>=J
LiEdII[ceBY^:D@A>J|v è L c >@S >F>IKJ^:BAHID
>J T SBItII8v` >@`
IKu c>A:k T _ cTI>c J
BLiIwYIkI[^CJ
Bgk IVJB 2 AHc IKB
ACJ >ZB vXS u ACD Q TBg6 ACJR EdE*9]]gQ?@^CA8) h:N IKeJhv"^:I B> bXI[c BN:c _w~> IEdTI[ACBiI D=J
T
I[e S ?=BgS eJ|_ T ?@A8IKNy:J > D@T >u AHcAH] > DS c A D~
EsAC>FIAHDAHB c Bg_w?@IKAHD@IX^Ck Tc D_[AC] c >ACE ` k^?o> T I c B
>@IV?@I[DF> ` ACEdEd^ b IKJ
L
T
NS Bg=J
AC?FIKD cJ*D QT > 6 T A 6 ` Q AH. BgJ? ` >Z?@AHI[jeIyI[ee^:LiBOI[>? Tc BEdNYy>> TT IyIyIJ c S Y >T N> c ^CIVk> T Y^
]gÂCJ?F>#e^CI[kXB A `
TbXI1T ê>ZA8AHNyj>ZI[AHDj> Itb >^ b c ^ Bc > BT I> T T
I S T
BgS J|Bg?@IKJ
J?FIKLiJ IKu_L
^:Ne> I[T DItBe^>1^B
Ay> D T c vB` BkIV^:?X? kT ^:I ?
YO_Âh?cI BJ ucQ AHBBgYy6 Jy
>@n^yBQ^:> >T I1eS ^D@^:>??@J
IK> I[v b ?X`K^ T ^HIXk\c Be> T >A8IT N1_[I >ZAHAHD@T
j>@S IVI#BiD ACJ
u D"?@hIKeAHJ ?@^`BgB
A:> > Tv[T Q ?@EdIVN6 I `c xB
kQ>@^ I[;"S ?FI[? S D@` > >XAHc Ak\Bg_FJA ~
LgLgIVIVBI[BI Y _ c c h:AHI[EgBg]v EdÌKT J|IYI D T u cAHQ EdIEgQ?FÎK_BI I=c hkl?@I1^Be ^ bXc B
T>@c I[_ ?FT I[D@]>X?F^^:B>=> AT _[I_EU? ^
S ACI[BaD `:TB^:AHD?
u
YLg_[ACcI hB IXS T D@^:IKI ?Jy` DFA8L
I[kEdNf>FE I[k?ac ^>Kj:Q?I[_6I[I ] ` ic u B>Q YT ) I#D ]_S ?@Ed_IKIKTJJ
vocY:>FIAX^?]u v >@Ed`^yIKD@J
Li^ Y:I#IoS jD kc^:IVB]?aY >XAXc ^h> BIV` ?@EdD NN1T voACEdÊde EBYS YXc DFh> >cI eBS ^:I ] > `
TD T c D AHEdu EbXDZT AH^> cEdDIKkv N c B
> >@T IVI ?@I[u DF^ > b ` B^?I[?` vtu c L
k N c > u T ]gACA8DXN cLiBI[Y I[B/c >@DDF]gv1^ ^c ?Ed>Xc Y L
c BgN ACSEDF]{IK? v c _T II
I[]EdEdD@IKI J
Y:T I\IB{_^^?\eAe J
I[c >@]iD1ÂD c >o> T_[ACIBfk>yLg^CIkXEd^:> T D@>aIL
]NEdIKEGAHJ
]YD@I:I"Q ^C6k > 7c eQ I:4 [>I T c > I[T NI[?AC?FAI
Lg> T ^:I> T Lg?FA IKc _EUIV^CIKhv[IVQ ?ZAC6L{
EUI ` Q > T $X^ TS c Y BT YD > T S IVD@N I8JT A8bXh:IXc > ?@T I[ekl? Ac I[c BBgIKJ
JfEdN3EdÂHBD@Y D@IVu BObX> c` > TA
u
kc_B^^ ?"btYLIV` ?@BA/IKI[AH?Z_[j AHACcEsB{ev Y bXI[Ec T B` ACÀM>FAHI[??@hcIXJI[?Bc BIVu YCh_ ~ TI[T ?XAC^:>FEd?@>@^D@I[DFI Es> vX` u AHAC>FBgB^tJ >^ T b I#AB^ IVLib ?IKBDFAHI[I[D@I[>Z?D1vyv[Q I[eBK6 OA^CJ
N:QIyIKu J^C;"hL
S IVN >?
^B>^T > I[T?@c DtBY J ` S > ? T c BACY> u >@_ I[T B AC>FN>@I8I[ACEsv?@D T `*I1bXD TT c AHEdI EdEg` B> T^:^>S ?FYIK_T ^Ch:]I[?F?KI[QD@I[6 B
O> {òQ T W Ik Du >A8T N
I D
^c DXb I[BBKI[? ^CN:c DZIKvJ BuI L
c > NT IVAH?BÂCB> T c I[J ?Zc v^>aLgB{Iwk^^?\?FIATe c DXc B{I[^N?aIVACD BiìJc > c kc DXu TEd^:c D\D@>X_ T>@^ AC>FT{>@I[c e Esv
L
6
NEsQA b ) :>]{T EUI8ItJ
AYJ|I h` I[A?FD@LiI1^ ]gS ^:BgD@J{DFI[ACD@?@DFN ^` ?#> TD T IAC]{EdE*?@^?FI[]i>ZI[A ?Fc >BN/> ^CT k AHc>B
]{kAC?@^B
]i>@D I[` ?F>AHNOB Q
u
^C_^:^k]gB{> I[D@T IKBiI vSj J
I[c BBiIV]gY_It^:ACD ^CBic >k J/` u >AA:T J
D@I hIKI[bAH?FEdD@IKIKIKACJ3vEd> I[J
T BKIV]g^C^Ck^:N
D A ec > , I[ò?@B
b ^:>K>@^Q ? ec6KN
7I[A9 B Q AC` $X?F> ItT T IBI#^:]kl>#Ô?@^:^:EdÊ]gDFbXI[> ?FT >c NB^
S?@I[D@e IVDc > AfT ]ACEdIKE}kXJ
Y:^CIk TbXc cD > T c B
^ >@S I[>?FI[> D@T > I#` ]iAHI[D?@eAc_D@^:D ec ^:]iBI[^CBkaD>ACT > c I#^:B^ b kB^?I[? u ` D DS T _ AHT Edv E
S> c D@eI:Q I u 68B7^6 >=Q L
NW B3c BeDF>ZÂCBEdeIVNI[B
>F?Z>@DZACvB{DZD TA_wAH> EUcE*^B{BI[D hI[c BO?>FII[g?@IV_D@I[>IKJM]gA> T c JItJ
AC>^ S ^:LBEdII
u ^Hk> T I]{? c BgS _ c ]gAHEGvV=c ^B3S Y:?ZA c B ` k? Sc > `b ^
Ê=T ^? T A c ? ` u ACc BgJ{v
Lgu > I8T ACID@>F^:D? c ^CY k1c BgL AHEa?ZACJ|eI[B ^ S >B
>Ze vVQ 6KD@>t7 nBQ ^:>, > Lic ] IS eEGAH>@^:IK?@J Ic> B
>FACI[B ?@I[DF>thILiI[> Ne^:BgI[J D
>I[T?@I8I1J*Ed#I[Y
> ACT EiI[N?ZAC>F_[I AH` EUELiI> cT BAHY>ACA Y
A S c DBS D@?> c ^ u >S T D I1b EsA A8b N v ù ^C_[ktAHBEdI[BBg^J >=c BLiY
Iv[?F IK_u >^CT h:I ~
Ed> I[T BgI J
T
I[S?v BgJ
c D?FIKuJ*c B(Q 68B7^3x Q _['AHD@I[IK> vRT{I[c eB
> c B>@EdÎK>=J>ZAH>@j^ I u c eB
>@ÎV?F?@II[DF> >XT LgACI[BgN:v ^Bg JRhI > T c B I
N]gIKIVAH? c? ^` J Bc ^_[?"ACE D S c B
_ >@T I[?FAHI[D D@>c D ` SD@> Bgc ]AC]S ]{EsAC?@>@^CI8hJ I8J c B
` >@B{I[^?F?I[D@_> ^:` eACBi]iJ/^ S _Bi^J ?F]gc B
^:>@?ZI[AH?FE I[cD@B
> ~ `
>@> I[c e?FI[I8D@v>8`*Q bX6K7c D iT Q I[D% I>@^/bXeT ^ AC`j:S IBgAACLBEdII1b >@^_w^]iB
A8>@N?AA_>J
` I[L{e> A8u NAC>?@I[> BT I I b > TIKJI
WcACBk Y:D@?@T I[I[I?FI[> e_VcACI[> BB
Bc> B(`^:>A8> klT ]i>@I/I[A8?N?F]gI[> BA8T NI Ib c B{eIKYJ ^> B{T u AHI[I NYc?@B
IVu J>@I[I[eS ?FII[I[D@B
AH> >D v[bX c TB
T c>@_ I/I[T ?FI[e cD@D1>S v JDF`=>S T I]gIQ A8Ne687A8AH7 N D Q
e_^S B
_>FT?ZAc _wB
>>@>@I[^?FI[_VD@AC>1?@AC?FNDeY:^
A8^|NyJ|DLgIL
NJ S A IbXQ T 68I[7 IVEUI8Q J% _[I AH?@bX? Tc AH^ YI=T AHk^:D#?\eeA^J
BI1IVNA
A>CT BgAHJ >T ?FACI DXb ACACY?Z?FJ I[ÌKJRc k >@T Î/AyJ
_^
I[I[?FD>ZA Bc B^:>]Esj:AI[_I[I]3^>F?^> c > eT II ` ]D TEsAAC_EdIEiBAC^Bg>J?FIK> ACT ] I
>Ice]gIIV?@u> D@> c cB/] S DFIKEsACA8>@~I8hJ^Cv[N
Q ACY68IV7 DQAHBg+J/T AHACL>FEdI[IhI[>F?X^?_[ACAH>FEGIt_ S eEsACI[>@B I u > T `
IbX]T ?F^^ AC?F>Iv
O
u
?>@A^c _VIK_J{> ^Tv ?` IJ >c ]gBT A8YACN
> >@e^/u TI[>B
AHT >DIuEdI[>F]^Y
EsAACLg_E"IIk` ê>?T_AIKIJ
v IK> cvVc BeQ ID 6KS ` 7 _ AH{T BgQ J_[$XAC> T DFT I[IID e^:bXLAHc >B IKT _bX>F?@DT IVD@^]i_[LgIKAC_Iw?> ~~
_u J|^:I[eLI[>@Dt^:?ZAv ` D AHS Bg?@I[J>N ]?Fc ^B J >S T_cI[D D u Tb c e^:?@EsBJ^v> kl` ^D ?1T >AHT EUEI]gACA8]N]i> IKT AHI?ZACJ
BiIV_LI>1^H^ kS A >
^C^k? Tc J|c DEUN ^ b ]?FB ê ]?Fc ^DFIK]iJ I[?@` >^N
?tQ Ed6K^7 DF{>Q AC>y;"S]>1EsA8eN ` ^:^B?I[N/J S J IS Ik^:L
?tND@] ARc ? D c S > S?FI[^ >S N D `
EJ c S S>N ^` ? > ` T Î#? DF^bXB T AHu ^H>ka?F> I[T eIXA ]ic ACB{?@D >NyS B^ ]gbXA c cBJ Y ^Cc >ZkvoA D T ACBEdEI/BAC^:Bg>JLiIXA^>ZLAE c YIK^:J ?
>@> ^T IM]i_VA8ACNOD@Q I6^C kt9 AQ D $XS ?FTI[c >D#N Skl^D@?>ACe]I[]iB
IK> ACc ^?ACB{BgIK_wJ I ? Su ÊdIBEdND T v[ACEdc E#kACA]]{D S EUN?FI[>>@N^
kT^:c ?D T]gIA8cN
?@eD1>FI[^MB
>tJ Dc DT _ ^ T S ACEs?FJ3YIyJ c > I T ` I> TJ
IIVLu>K Q S J
6 Y: IK6 vyQ e. A8B NbX_wT ÂHe>t]iAI[_[EX_Î[h:S I[B
B >
k>e^:T ?A8I[NB ]gA8u c cN
D Bec DF>I[^B
e> > T `:IACbX>_[AHT A8D@Î[kDF>FDII[v?AAk> >@T A IVIc ? ?@b D#J
ACACIK?ZAC?FJ|I> DT k SJ
^CEdI[EdkeNA ACj
BgBD JfS^ b?F> I[T B >I1N(` >J
^T I[>ILT > _I[?F?u IK^CJ >kaTc > >@ACT ^:B I?
TTcI ec ?FDZklv@^ ? bX6 T ^:n{e Q TW ktI#> DFT >@^
I^D JyS ?FLgI[A >c N EsvT ACABiJJ T?@I8A_JyI c ehIK^JBI[eNf^:I[BBI[^ N S Y u T k?@^:u >Fe ^
]gu > A8T NIv ` J
>I[T L{I[>ZB v1^ u >S T >1I ^CTk I Tc ?tc D^H]{k ?@T^c]ieI[?Fv >NbXoT > ^/T AC?F>IK_c I D1c h:> IKT J IcDF> I[` >@>FD EdT IKAHJEUE"? ]gS EdA8IN Q
DZ^6 AH? Bx bXI Q `T ^^) ?=EdEdNY_^? J
cB
I[IV>@h:]g?^ AI[SBi_>DFJ
EdI[NeB
J> A`c J
D@L
ÎN?L
J
ACNI[B ?FIKAcJ B
]gku AHIVL
?@BOND@>=^:J ^B c ?=DFIKc hB
ACIV>@DF?@^8IN AHc AH_[BgYACJIK>FJIKDFJ ^ye` k^ÂCB??F> ` Tc ^:B
v ?~ `
L
eNIVBOAH> B bXS TBgc A _ ST> TT AH^D? c LgD@IKIVJ I[Bu ]geACA?F>J
NIXv _c ^D B
c >FB
?ZhACAC?FENc J*>FQ^t6 > HT gI#Q EsA$Xb T AC^:>#?AC>@^tY:?@> I[T IwI ~
D@> IVT >@^ >@S EdIKY J TS c >XDACLiYI1I I[u D@^H>kACL> TE c IyD T h I8c J ?F> Su L
^ NS DZ]{v ?@` ^
_[^CACkBDv[TQ A86 h It7 QB^) EdkI[?ZYOA AHS E*J kS ^:Ed?ZI[_B
I > `
eu AH^:B
?@N3>FYO>@AC?Y:ACIBD^:A?_> Dc ACÊdBgI v ` AMbXT k?ZI[A ?@IS J T S IEdI[B
J|>yI[>@YIK_wc k>@>tD^:k??A AS _VJ _I[` ]> >T ACI Bg_u I S ` J
ACY:BgIKJ v
DACT BiACJ EdEu > J
T IKI_EseAC?FÎBB IVSNtEdLgE^:AC?@Bi?FJ^ b hIK^ J{c Jv Q b 6ACD=IQ ]gW kXIVBg> TJ
IIKJRJ
kI[^:L?>F^> T?1ILikIACeJ
I8c AEUN J `
cI[>Xh:I[e B S D@c kt>X>LiT ItI[N]gA AHc J?@I/L
NJ c h> T c J|ItIK?@J*I[Q EsAH> 6 c :hI[DQ ^ ,
S T >^ ^CS kEsJ> T I[I hc ?#I[B^ b A B]gI[I[D@?F>D@AC^:>FB I
kbX^ AHb T e B/^:c EUEdEd_N N^ ` S >J
TBOI[>FI#]i?@I[eNBgJ
ÂCD@?IV>FBOAHI[>?Le?@u ^
^HAHAkjJ > I#T ` I DAyT T _AC^ÊdSB
E*>@D@B?I8^:Av >#`
_>=bX?FI[klT DZÎ[_ ?=>c BgT> TJ I[I1? c >8uLiEQ Ic h T 6 c ^
B{^CYOkoQ v ^C+c Bk\T> TT ACc ID>
cLiDI[YI[Bc h:I[_[BA S L
D@N1I8Jkl^>@?Z^_wI LiÌ bXbT AC? >c >Fc>@DoI[BI[BKL
^CNN:kIK^:Jy?Z_L
I Nt` klAC^Bi?ZJ_wI AH` EdAHEgEd^:D@>^ T bXI[?T AC>@?> ACT BAHDD~
$XAACBi_wT > J?Fc Î[ IBS DJ
D YS J
I[*^D8I[B{?fI/L kS ^L
>?1N3k^> klT S Î?o?Z_wI[DI B{AC`j:? c I2 _ T ^CACk>B T S^:I[> eT T I[AHD@?FI[DD Edòh:J
I[bXIKD _wc EG>@u AH>B{T?@I[IK?@D@J^DFI[S DhY ` ^ T cARJ*^DQ> ST ?FI[6 I[?F:>DZNv ``Q
A6 ; 9 ?Q A 4 T ^1ej ACc BgBA Y ` `CTA^ eb I[^:hBIVI[? N:c~BgEdI[J Bic J
Y:I[I[B
? ` > ` AD T eACI[EdE
?_>ZTAHjACB
IX> AC` B
ACN
Bg> TJ c BAYj > c T BAHYg> Q
^_ES c BY TIy>o>ZBACj^>c B>@Y^1>LgT IXAC>> ACbXj:I[TB c `_ TB^:T ?oID T ^ AHS EUY E T T >1I `>@^T ^ >Zb ACI[j:h:I I[` ? Lib I IKc AH>Ed> IVT hN I[` ?tJ
DFIw^ ~
D@Be^:>XACEd>@E^Q Li6 It >6 ACQ jIVW BB` _^:^:?#B^CD@kI8 TS c DXI[Bg?F_II k S ^CD ck B{YTc DybXT >ZACAHj >Xc ^BSY Y bXT >XT AC>F^>Li^ SItY ?@T Iw>~
_>T{I c c h:D IKu J b ` Âf?@Esj Jc v"BACY BgbXJc EdA8EgkLi>FI[It?AJ
_[IK_ AHS > D@T IKQ J6 ^Hk n{b Q IK; ACNj
B>ACIVjD@D#c BACY BiTJc D]iI[J ? S c DI T` L
c BN
]]?F?FI[^h>@I8I[_B
> > c c BB{Y/Y> > T T I Ib _ÎKB|ACjk S ` D >c ^:T BI]i^Ck#^ b > T IVI?t^C_[kXAHD@> >@T IVID j u hc BACY?@BiYA?Fv ^ ` b AHD Bg` J ACBgL
JN
T]?IXc Bi]_?FI^`DF]g> TI[?FI[D ?@Ic klBt^?@> IT`c D E c uj:b I ^ ?FEsACJevoA AC`BgB{JyÂ8> kT>FI[IV?IKJ J
c IKBAHY > T TQ c D6 ^ b x Q B' E cI[j >c B> T Y:I D
ACBiJtJ c D@E c j c B{YD ` LgI T A8hIIw{A:_>@EdNtE c jI AHeA ` D S ]]{?@I[DFD c BY Tc D
jD@AC^
Bc B{^Y:YB I[?abXD ACS T BiL^ J cS _wB YO^T{AHB
>@c>@DI?FQ^kÊdE 6Edc EdB{ N7Y J
Q TI8c W_ ek c J
` D@I[D I[DXS E}kZL*_[Q AJ 6 S SHDFc gI[BDQ Y;"S EdBK^CS h>S I> DFT >@ACEdAHBgN >*J `CI[Th T c cDoACE}~>FI[e ?@BIKI[c J Bge àJ
c TI8IVJI D
T>J
T IKc DaIX_ cD ^J
S _IVLI8D#ACIK> Ba_T >FQ ID6 _[> :SA S ?@Q ByD@I[u >@$XDt^ T bAI#_VAC_J
?Z^J|IV?LD J >@Tc ^:Bc ?ZeYv >FbXAC^DaT >> ^yTT ItI=_^?EseAc hbt]I[`?FEsAD u c > uBT ? D*SI >@Bg^fT vIK> >@AHT ^ ?@IXb >@DjAC?Zc^CBJ|k[Y Dv
>> TT IyAH> _^TS c D?F>Z_v ?F` IKD J T c >@AH^:EdE\?Li?FIIK__^C^:h:eI[?@]iD I[uEdEd> IKT JIL
J
NI[L> >T v Iyc jBgc J
B{IVY]gI[>@^BiJ
]iI[A8B
N >@EdNu ACD1u ^HA k
eB^:IKBvI[^N Bu IyJ S SIKv[ACQ ?@>F6 I[:? u Q ^Hk& >h:T I[IfBD L
S N eu v#]iI[AC?@BiDFJ^Bg>FAH^ EGvTcEsDACLiu ^_?FS IK?XJ Dc >@T ^:AH?ZEUvE>> TT II
u
Lg^CJ
kI[ILA ^H>Fk^T?1c> Y T eT IIVAH?DZjAHI1_VeACYD@I^
>FI^_[JACD DFT >@IACbXEdTEoÂC?t]g> A8^HN T kIycA>^ EdY:b ^ ?Zb IVA:DZIVJ vX?tS >FAC^^ EdBEdTNI:coDu LbX_S T?F>IKI[J B A c >@T u^:J|Iy? I[ÌKLc AHk>@?@^:TB?ZIDv
D@IK^: eSc I[>Z>AHTLc EdBNYOvVJ
Q I8_ 6 c J
IQ Lg) I[> _[b _^:I[I[?ZB(J c BeYI[>@B ^ò>bXT T I[^D@IJ ? c S D@]EdI[S D1>@IEdI[>1bX>c >T T IIKj A:c B_ T Y
û ^:> T> T I[I[?y?vt> T IVIh c eJ
IVAHBg>@>F_I[I?@Q D `6 bX{TQ c _ T) AHD@?@IVIBD ]c L?@^CEdIh:IKeJAHL
B/N D bXT ^ c >@S B{EsJI[D@DFeI[DAHjAHIBgJA
J
_Î[Bi]iJ^SD c _> > ù ^b B{I[EUEdNEv A_[bX c S > TA c B
A>FIK]iJ I[?@bXDF^c > B3T ^H> Tk Iu Y:EsA Ôbt^J` h:vI[k?ZAHA:e _ c c ^ EdNS `D `C^CTkXA8Yh ^
c ^BJY
ebXT AHACBO>FN1I[h?FI[IVEs?ACe> c h:ACI[BD B`:IVb ?I8AtACEd]i> TI[?FN D@` ÂHBBgDJ T T ACÊdE*B{J
^ I[S ]i?ÂCLD c Ed>#I AHu BOAHN
?@N
> TAv[c BQ Y 6 c B9 Q > T W B I
T> TACc BiBJ
YD1>F^C^3k#LiACBI^:?F> IKT _I[I ? c òh:IKc BJ> LiT AI_Fj DZAHeu L
IyN(e> T ACI B{B^ I[b ?#B^ I[S ?Yv[tT >tACD> T > IT IDZAHJ
eII~
E?@c I[h:DFI[>@?@^:N ?@I[uDtb B{AC^D > ` D@T{^ c D1e J
SI[]iDF>^D Lic >IKv1>@^> T > IT I?FIJ
~@I[J
]iI[E^c Dhc I[>F?F^NO?tQ AC6> T6 c Q D#?F% IKI S bXI[D@T > ^ `
e6 :A8nN/Q .LiIBM>@k? A c cI8E J3S ?@L
IN^Ck > TbXItc >@BS IVJ|D@D@YIVI D#cEdB3I[>X> > T T IMI J|u I[S ]gJ
^:YD cIK>@vX^:A:?Kp_D> S ACACL{EdD@EdNI[BgJ
_wII~ Q
]g^>^:T D I[c >X?Y> T^:Es?@J^ S bXY cT > T DF] > c T I[ACD> ^Hkau J
D ISkc IV>BgACJLACEdI#B
>ACv Y:I#S BgACJ|BgI[J?1AHD@]^]ieIKI#AC?]AC?FBgI[_>@I Iw|u >1AHBg^:J ?
D@>A8>FT k^>FIVI[?@?@?IVI b D c ACc Dt> ?J
cB{ByD#^>> J
T{T I[cIXeB{eY ACBgACu JB^Hk#B{c >I[> ?T LgAHACA:>Bg_FJfj|J
vVI[D Q TD_6AH? ]gc x]I Q> c c BW^:k\BgbX> v T TcI c B _ Tu J
T{cIc > D kI[b TBiACACJDoBgACLgJ|B
AD>Zv=`c EdIKk?F^:JI~? `
bX> T TAHc >_ T Y^:ÊsJ> T ` I[AH?FDDLiAI#_[_^ S S D@Y I T > T` c e>@^tQ > T 6 ^CDFiI Q u D@;] Sc I[> Dv c `k > T T II[B ?FI[T D@I#>F^D ?@T IVACDEdEiBLg^:I >
_D@I[^>Fe>@Ed]gIKJIVEUEd? IKS JEdIL
N^Hk#kÊsA?_b IyQ >@^6 ?F7 I[D@Q >F^) ?FIB3Lg^:^:]g> IVT B3u ^J
?I[]iA^DDFc IK>FACDZEdv[IKJ> T J
ACI[> ]i^c D1D c A>
e>@^:S?D@J >S B? I[c Bh:Y1I[?> TLiII#Es?FACI[>F> >@S I[?@?8Bp DIKJE c kl>FI[^> c AeBI8IKv[ACkl?=^?@? IVcEGk AH>u c> hT I IXu ?F^CIKk*_ c> ] T c I1I[B
J
>ZI[v]iJ ^c D IVc D~
u bXc > T ^c S ` >1T J
I[E c hI[? c B{Y> T I[ev ` 6 > T I[N ;ACS ?@IyEdu ^DF> ` L S > c c k T IJ
bX^
T I[D
B^Ck^>#T{c J DoÎ b >BAI[N/_[_wÂC?Z?@I1JfB?@IV^:> >#S Ed?F^BDFD>KQ> T I[e{Q >@^tA> BIKAAC?"J|?@I[I[]gEs^:AC>D c h>ZAHI?@^HNkv A1J
I^ ~
_L
IKNtAH>D@TIKJIj u J
c B{IVY]g^:^:D?c >@L
^:Nt?Zv > ` T eIJ|S I[D@]g>X^:BD ^:c >@>#^:Li?KpI D=T ?@I[AHEs?ZACAC> DFc D@hIKI[J D8Q u 6ACLi^ Q S )>Bi> T J IVeu c B v
kTJ
? Â8c I[hS BicLBJ
>Y kEdNS c EBie_[ IKACS{ACDFc I[B?FDZIKD v J `
bXT c B
Ic > >@TD^ T ^ ^Su J
S > I[EsuJ]iT Â8>FD ?@h c N>c BAC>@?@Yt^/N*?@p DZI8^:vy_L^ >Z_S A ^:?Fc BgBD@IyJ >S >@T _^
AC> v`>tAHT ^:?@IL> c} D IKT _w_I^>t`S L
^:EsJN ?
D@> I[T >FI>@Ed?I S Edu IR> T kI^?te^:ACL>@>Z>FA I[c ?ZB v c BbXYc > LgT A_FY:j3I[B
AC>@EdEdEI> T eÎKDFACIB{^:DK]gQ I[B6 J
IVQ ]g^:,
D Sc >@_ D8T c c B D
>BT ^ Itu _[_AHIVD@BIyD S ^C?FkIKAyv `=D@SIKAHB{EUEUI8IVJ/D@D J
T I[I]i^T D ACc > Dfu >Z> ACT j:II[BJ
I[^ ]iS ^>tD c D@>Z^:ACe?FNI[vX> TD T c BACYgEdE Q c Bg6 _ S {? Q
u ) b J
I[]i^D cb >v bXTc _ TT S ACDXLiI[I[B/DF>@ ÊdI[B` u L
NT > T{c IVhc I[D^? T b AHD T IKJ
eA6 AH9 A8jQNI L
%c >N c e Y^
AH^bX>@J I[T ?f`=^S^?1BAC]{EdLI[]DF?@D ?F^:B]T IK?I/J c AC>FL
>F^
I[N ^D/j3A3?@]iI J
AC?@IV>]g> ^:^HDIk c >Lgc > A AHBguEdkI[J Î8? v#T{DT{c e c eACEdD@uEobXI[BE}Tk[^:v[^ > Q
O
u
@>cACB3?FDFNj
> DyL
T NIkÂC?EdIKE c >ZJu v A{D@^Q bX?F>@c 6>DXT ^H^6 kwSQ v"> e% T IKI A8AHh bXBc BD T ` Y ÂHeBgJ
J^
AI[J|L
DINBc> ^:> T `>I1?@Ô> I[TAH> >IS T ?@ D=BS ]J
A?@Y:IVIKJ
DZvy_IV? ]gD c TLi^:DACIKc JEd> E
LiIKACBiIS J ] AHS ET B I u c>@D bX^/T TIK> J^T IEJ|c hI[jeAHIfE SAH> TBgIc J
I[^CDh:kXI[bX>D T ` T I^:AC?1> ^LLgT IIIK_w_B{>^:I[eh?FI[I[]i>Z?A I[cEdLgB{EdIKA IKJc JEdIK>@J ^:^?D ]gT _A8EsACN/A EdcE=eA LgI8 ^:JB> v[T I Q
AD@C6 I8B:ACnEd^QIK]iJ3$XI[BTJ|ItI[J
]gjI[^:]ic DB^c Y> D ` c D > >FT ` ^/^ AHS Bg]gEGJA8JNc _B^:A eE c j:]iBII[IE eI8T{ACc eSBACB{E bXI[? uT >@T^^ c e J
c >F^
DtbXI[D#hT ACB{Ê ^S ?@>#I8IVv[>Z?FQAI[D@c B>F6 ^Dt ?Fx AI Q
$XACB{T ÂH> >T eI[?KAHp DoB ]bX?@^:T ]g^tIVL
?@>NfN `kACD EdT D@AHI=EdEO]Li?FI[I=>@I[] BiS _LI[E D#c _eEdN1A8] N1S ]gB ^:c D D@T D@IVIKD@JtD L
TN1c ehACDF?I[cE}^kgS ^CDk
bXJ
u eI[c D> ^T_?J
c I[T]D#c > Dc ^HÂkwBv_V_^_^?=ê?F ]g]S ^:EACc?ZB
_wACI[> E DKc >uQ N ^?t6 c DoH_[gLgACQ A] c c WEd>k#IKACJfEsA/vXL
J
_ NTI[]iAHACBODF^> N
D c c LiD@>fIVê^CJ
kNI[B
Ac >B]i` > AC>FT ^?@I#> Yc IV_]{>S ?@T EsI[I[ACD??~
I[^CBgka_w> IT AC^H>=k\]gA1AHB ?@S> c e_ S LiEGI[AH? ? u u ^HJ
k I[bXD_c ? >@c B]I[> DFc ^:D@I[BDv AH`{Bgc J>=e S S AHDFBO>\> Lic >I#Nj
:B> T ^ Ib BJ
I[>F]i^^LiD c I ~
>Z>@^/AH?@NA v bXBT I:^1Q e6 AH7 jQ I[Da;AS k> AHcEUkXDFIACDFB
>ZN
AH> >@TI[ceBYI[B
c > Dtu J
?FI[IVYOE c AHh:?ZI[J ?@cIKBJY ^c >Z?1v ?Fc IKDo_EI c c AHhLI8EdJ I
]u b ? c AChD AH` >@I[DFEd^N `CD cT >^ e S EGS JD@>LiLiIKvtI#>]T ? Ic hAC?FI>@~@IVJ
EUNyI[E ?@c hIV>I[S?FNO?FBQ IKJ*6 *ACQ D=$X> T TOIS LiDA Edc I[Ed>te> I[T B
I >
jEdÔc AHBBYuJ
kIK^_ ? c J|S I DFIKu v _[AbXS c >D@TI[D^ vXS _>"^D BgT _w^ I[bX?@B c Bc BY Yu S AyBgJ
J I[S ]iIK^v"D ?c >Xc Y:AC^ BgS J?o>@A^fk?> cT IVI#BgJ
J
EdIwN ~
]ieÂHD B c >`*ACbX?@N
c Q> T 6 ^ S >tQ LiW kI c ACBB
Y N
>LgT ÎJ
N^ b DFI[BEdI[EUD1?> AHT BgItJ ]bX?F^c >]iT I[^ ?@S>N/>t^H> TkIACB{AH^D@D@> TIVBOI[>?
^C> T{k=c >IwT k Ìy> ^T b ^ S BY I[T/? ` T > TItI eu A8SNJ
B{YÎ8>vX_wD ^T BACDEdEoc J|BI[^? >1TAc eJ
e D@I[c E}> kT{AHcDe AybX> TT c ^ Ik c ` DtAHA D
u
u
ecA k bXAHT B Ic >@uBc ^HDIVkaD@B{D> ^T >tIXc BMA^ b AHj B
B{c BNI[D@?Z_[ev AHÀCD@T IKB IvV` Q D BT 6 ^:AH? Ed{ET Q LgAHWI Dtk >ACBT B
IKI N/JI^CD gc* _ I[S T
BgDFSJ|I BgI[`?ZJ
T v ?FIIKc D#JD T Ay]gAHAHj EdBgE\c B{ACLiDD8I ~
YL S{S c>XEd>> NT ^CI1kg^ > b T IBkI[>8? Q ` 6e S{DFQ >) LgItY c _k>*^:B^:?\D c DJ
ACIVEd?@I IK` J/eAHADXJ
B IoS L
EdNtEaACACBgB
JRN
Lgh^^ J
c JNf` I[AEdD@_ZI ~
]i>_c^:^>F?ZEUD@JI DFI[c BuD@DDYTc ^>FACB ÊdEXc> DLiT IKI[Itvh ? c SA/J
EdI[I]{B
?@> c ^
Bt` ^CL k SS >uJ ^Cc Bk_ ^yc ÂH>bE*c ]>FB{EU?@I[I ^?@cD_D=TIVIK]gc ]gJ IVvc ?ZB` _YI BD8c h:^:Q#IK>nJ ]i9:` ^9 > DFQT D@I[+I[?FDFID T c >ÎVT Ba?@II
Dc BS _ > T T Ic D#e> T AHI?@j:DFI[I[>#>@>FLiEdIKIJk^:?@? IS EdAIQtB nS 9e6 LiQ I[% ? I u ^HbXk T bX^c >F^BLI[>D@ADFI[c BDZvD1` AA_[_ T SAC>Fc ?F>@I[I[D E
>> TT I#AC>#^_? Tc Y ACc >FBg>@ACI[E E u bXD@I[c Ed> EdT I[?ZAvLg_EdIIKACB?X^>EdI[]{Y
?@ACÊJ > S c >@_ Edc I#LEdL
I N` u] > S T ?ZI#_ TL AHS D@NII[QX?von 9LinI cQ BW Y k
Ij gc B_ YS Ed]gbXAHc >>@TIKJ^ S L
>N] AS B ] c DS T LeE c _yI[B
DZ> AC` EdIL ` S e> Su > DFT >tIyLgkI^?FJ ec DFI[e ?1c ^ D@bDFIKBJ I[?L
v NbX> TT Î
Edn ^9:DFx >tQ > T. I/B{I_ T _AH^>@e>@IVeEXD^T J AHc >EUE=N?@e I8_c Ic IKhJ I bXc > c > u T LiAAC_FB{j ^> kT ?@^:I[?1ee > ST D@I>1L BS ^:N>IV?ZLiv[I Q
D@> ^:T EsI#J ]u ?FAH^Dt]iI[] ?#S ?F IKS v AC` B
B{> ^c >?tNyA^? LgbAJI c ^:Y BT >ZI v ù ACBD1^:?Y:ÔAC^B
JN
v> T` c BB^:Yf?> EdT I[AHDFD> c u D=> T BAC^B >
TeAC>AHA8DT N LgACeBiIVI[J/AHB?@^:?FD ?#NT ^> >Tb T ACB I[> e` c ACDB{Lg_w^^:^> > BgT T _I[I8?kAC^LiEd?yIKI#J*> Y QyT c hIn I[9 DByiAC>@eQ ^tW Ik> `T ]I#A? kc L{>@_wIV?I?c XJ
^:>I[TBY:?@ACI^
> J^2ACe eAH`CBD@T I[S I E
^T ?A8Jh A c Bc BY I8J*?@Q3DF>n ^:9:]g7 QIVB%EdNI J
bXIK_wT EGÂH?@IKY J c h:I[T D I[?#u AL{EUIVJ{e ACec D DFT I[IVE D `c BbXeT I[AC> T?F? IVc ?ACY:D IKT v I `
LiY c I B cc >BN DZ`CAHc BDI B{` ^^>X?#E Ac AC Lc Ed_IX>@IK>@^yJ ]bXS c >B T c D TEdI[e]?FIV^BODF>8N Q\` n ^:9 ? {T Q A8W hkI1ACEdB^DF^ > T _ IVc ?#AC> h c B{c ?Y ~
]AX? D c T IVD@AC> ?F` IX_ ^T B^:EdD@N I[Bu ^C>@ki^y> T ]gI=IV?kkIV^:IK?@v ec BfA1]DZ?@A:^:_]g? ^:c}?@> _wc I ^:` BtAH>@Lg^1AC>BgT J|I ^bBD ^?FT{j c D u J
b ^^:B{?@IKj v `
D T ACEdEgLiI1Y c hIVB>@^ Tc eL
Ny> T ^:D@I bXT ^ b ^:?@j bXc > TT{c e Qan 9 Q
79
TLg;A8IyS h> ]iII[T Lg?I kIV^:I[bX?@BeT Y^/IKc J hACI[Lgu B bXAH` BgT D J

TAC^:>#ACBEd?FE*D I[êTL{c AD>ZAc bBc B DZ^:v?@Tj/LOc D=N/A8k kAHS >FBI[EUEi?1^D> > T T T ACI[Iy?@? ItDZu A:]AH_Bg? ? c Jc}I[ D@_[_>Acv[AHSQED@n I1kI[9 >FI[{^ D Q
^C^;k\?=S AfD> T ? c AHck >@EdE*I u D@`> ]iT D IKTI[_N/AHc}EU EAH_[EUT vfEiI D kT IVu bXI[ACD?@T If^yAH>?@]gTIIVI[^:?ek?Z^:J?@A en c B{9 D=IK{>JQ T $XIk^T ]i?1I AC> ?@)T >IvJ T?FDFIKhI[_hAHI I[?@c N?h:ACSIE=>]]gT ? ACI[c I[?Fe >@D@D> `
D^CT kaAH> EdT EgI >AC j?@I1I[D > T u ) ItY:_ BOT N
ACA? cJ ^:T > AC` BgACA:BivJA > T T I ^?F; D@I?ZA` T > TeI AH% BÂC>@>=? c > T ]If? c I[j DFc >XBgJ|D TE c AHBEdY E
ACu > EdTD@^1I >, AC^jeI1A:A v T c ^:D1?@D@] I S ` ?AH_ BgT JACD@>I8T J*I Q5 n J
68YO9 AHQ >@$X? c T > IT I1u k_[^ ACS ?F?Z> v1` u_ S TD@c IKIkXJv ]bX? c I[T DFI[>@B D
u
DTACT eACAHE}koÊdEB^C?@Y/k\IK> _wACT I EdACcE h> I` > >T AMT I/IteD D@c^ IV|c >#>FI[I[>I[I[N B
Bg> uv c ^C>F`XEUk#I8bX>JTT >F^3Iy^kAHI[Ay?@IKI>v T` I[c >B
?T J> cI>@D EdTBIKACJI?FI >>F`û ^k^B^ BSI1I ?Z> v1TT c^:AH?ZBEJ k I ``
ACACBg]]{JE c > _[T AH^> D@c ÎBI[B
^H> ktc >@> EdTIKJI[DFI>F^]{A? c Bgk^ _ Sc ]?@Ed> I[T DA/> T IS ACACEd?FEd>@Î[>F?8eQ/I[n B
6:>t6 ^HQ kt; D NT AH> ?@T I[ID
u
keu ^^:?FS?aeD@]>=?F> ^LiT e ItI c ce? DFIKbA:JJ
^viI?FkljÂH?e_wÂX^BK]B{^c Y^ c BOS > T>FDoEd^NO] DFQaS It?@n ]ie6 ^n{I[DFQ B IX,
L
bXT Nt^T S^ÊsBJyT I=I[ee?@I ÂHB{B1LiI[>@I[Nt^tEd^LiACb I#Bv=Y^:c>]gh:T IVI[IV?B ?~
bXA8kT >FI[^? b ACDFACj
?DXJ
DXk^:B? ^:c > > ` u S > TDFIKItJY v c kc >XBD > T T AHItEdEaeLiACItBhB{^ I[c? J u `D@c>kAC>>@TI8JI v[uQ=en ^:6KBx I[Q N ;"c S D>v
cu k\> T > TI=I k S u E ?@ IKEd_ ec ] IVc BOIVBO>o>^HvXk> > T T ?@I#^ ]S ?FY ^T e ]c ?DFcIKJ|v It`HT Î#?=D YT ?FACI[IKEdEJLi>FI? c _I[^:D#e>F^]iI[I[EdB
EdIKkJt^:?ZL
_NI
> T I=j c B:Y1:>@^1]g:A8Nt:^:B:ICDS :hAC ?FBgA1ACDAHBIw|] c AH> c ^Bk^? Tc Do> T Iwk>KQ
kBS ÊdB|EdNn ~]g6 IiA8N
Q ]eEs$XA I[T
c B
BS >IKD1J*^H> k T Wb IyAHbXEsYA c I[bEUE"D8k QBS IEan D6K>tS 7 LQ]>F?F)z?ZÂ]i_wT^ > c cS ?@^BgIKB J J ^Cu u k#DF> I[T A?@IhY AHEsc B
klA > >b T ^:kAH? ^:D?Zb vLiÎ[> ?FI[T jB I ~
eTc DAHBgb v ^:bX?@jT ^ A:`C_[bX_^c ?> JT c ^ BS Y1>>@Lg^tI >c BT Y I#c ACEUY:E ` ?@^ I[SIVe>o^CI[kiB
]> ` ? cD J
T IoAHEUkE
A Lic EdIDa>@ ^B]gIKJyIV?I k^:c Y ?@Te >
j
u c ? k c D T T I BiACc DEsACDX?@IKACAHBgEUEdJRNv B^ c EdE b ` ACu YAHIVBgDXJDvT AAHkEU>@E*IVLi?I1?@]gIK_A ^Cc JRh:I[>@?@^ NT]gc eI[?kQ^n ?Fe6 {D Q ;"u TS c >D
b_I ^:c h?@jI v1TAc D _[b_wÂC?ZY:J I[c DoB{YI[h>FIV^B> AT k>@II[?^:? u c > Y T c IXBgAHEsACE\]{ACD@Y:I?@I[^HIVkwevoAXI[B
h:> I[`?@NtT IEd^:DBT Y#AH> EdE\c e?FII~ Q
n^?6 va_[Q A ;S SD@IX> >Fc ^#k LiT IIX`]gbXI[?T kI[^> ?FT eI[?1IKJ D c u _FL
jN1^:^? > T b I[I[?@EdDE v ` TJ|c ÔD IVb D^:B{?@^jt> Au _[]g_wIV^??ZkJ ^:c ?@B{e Y
>@Y ^ c hTIVBc D>@AH^ YT{?FI[c eI[e` IVI[BOh:> I[`B > Tu c Ik c b >=AHLiYItI[D^Bk^:EdN?v"> D@T E ACc Y > T b >@Ed^N ?Fj/c Bg_D ^:T eAHEdE\]EdB{I[^>FI>1Q LgI
6 ::$XT
S ::T :Cb : T
Lg_I[IV?FI[B B/n c B_{Y^Q ee]I[EdB I[>@D=I[bX>EdNT ^/I#DF>ZEsL{ACA ?@>FIKIKAHJ*kj3^ ?WAC> bXBcI1EdAHEgBYB{?FÎI[B|I[~e>X]gA8IIVN
BOe]>8QEsI[A B
c n B>\6 ^H{> Tk Q I1b W EGAHkA YbAI[D e_TÂHB
AHB D~
Lg>@? IVc EU_w^:> B` Y Ac kB>@YfIV?X>@D^b AyIKAC_? ^c ?FB{]gY^:?Z>@ÂC> ACc ^B/B AHc YB ?@T IVACI[Lec >I[c B
B> Y` LAy?@hIKAHc EUj
EsAHD Yc IX>X^> ?#T ?FAy^ SJ Yc DT ~
A)8hBgACJ ? c _wT I A8` h u c > BT Y I1c jec B{]YO? c voD@^D TB{ACIKEdJtEDLgS AH_ B T c D AtTLT?Fc IKeACj:kI[?F^?Xe ^Ck\TAHc BD?@AHI8YAC?@EdIVe I[e` n:I[nB
9 > Q`
TD S IhDAHT ?@BgACEdAHED _` ^:ACeBgJ]iI[Ê B{T{Itc eDZAH>Z>@AC^/e]iACA8BgN/AfD^Cc kD cB Edch:D I[T ?KjQXAHnD n` 6 u I8Q A) _ T ? c ^CY k[T v>FI[k^^ SS ?D
ju Y
c B{ACY> c vD T >@AC^ EdE> T AC^]{D@]I EdN/bX> T T^/c D1LEs?FA IKb ACj3^Hk AHB3 B{ACI[Y:D ?@I[c BI[eh I[c EdB
Es>KACQ YIVnDnACn{BiQ JW k_[AHACD@B
>FI[N:D ~
Lg?@I[^]iJ
I[N B
> c B3u ^C> k TcTD c Du b Lg^:AC?@?FEsYOJA v c ` BgA8v klò>@TI[?IL eS A8N N c B?@YI[> ^S ?t?@BDFI[EdÊ ?c B>ZY AHjACIB
N
u > LiTAc B_FjY v `
>^CT k[vaAH>>FI[_ BT AHJ{>@A8>@NOIVD E T bXIc > eTc A8BN1>@BI[IBc > JT A8I[N
?=DKY Qtc hn:I=n Bx ^Q ?=;_[S A >S DFAI k>@c IV>o? >@^tu > LiT IXIyY EsACc h:]I[DFB I
u LgA:_Fj|vVLi^> TT I bXT ^ >ZAHjI[D c > u LiA_FjvtACBgJ T I bXT ^/Y c hIVD
cD > c u LgT
A:S _@Bgj J|` ?@IIKgJ _I[u ]]i>yACBgL
AHNDZv[_wQ(^BnDFnHI[gB
Q >Zv1;"D TS >ACEdE> T LiII j c BBIKY JTL
c eN/D@> IVT EkXID j T c BACEdY E
cLeEdI[]ie ^c DFD IT IKA J/ J{BACI/e^HDFkI[E B u c >@B^/I[>AN:~D D Sc 3c >@^:]g?ZAHv BgbXACDc > T^:^B S T{> c ce B
k^:bX?@eT ^c B{Y Y c hu I[TDc e A
^Cc _k#I >` T DZIA8N
LDEdI[^He kfc DAT ev[QA nc J
n I[7 B Q ` ;p ,|S T >I > Tc DyAC>tB^:e>ACA B ebXAT c ^ J
` IVB^ S ` po>tD ^CT k#AHEUeEXACLiE}I ~
c D BT I8QJn:^:nB{IQ $XT
S T BiIJ
B ?@S IKJ]> uc AH]gEgACBg>FIAHDZ>@v D#`
cACk ?FTIIAH]_[AH]BE c BIK^Jy>=D@]^:?FEUIV^CEUhNI >FT Î[h?Xc L?@Y EdI[c BeD ~ `
h_u AHI[c ?@?FBgYI[Jec Bv^:c B>B ^N cbX` I[kDKT ^QyI[?X?FnID n:S AH_ eTQ ^$Xu B{kT I[YeIyeBACI[SEdB1I[]DZ>@>vX^=c AHAHkE\?@I[It>FeIIwAC{>@Ed_wI[DE D S AHbXJ
?@IKTIJM^ ATk?@_A8^:IVh?@eIo>ZA Ed?F^c BI[DFE >ac ]Y > c?@T ^ ^
I S ^Cc ?Dk
u
EdeIK> ACT ^:?FACB
B>yNIKJAAC?FeD IT A^_c^S J|eEsI[JB ]j
EdTI[B>@AC^ I Dtb bXLi> cI[T> I[T ACB(>1> eT > TIA:IVJ
D@N IVIhu I[AAHB
BgEs> JA T b > DFkT S>@II[Es]v ebXu AC^Hc ?@kk?Ic >oACT YL IItS L{>_?IV> c ?@TJ
III~
u
?@jACIV?FIV]gÎ[]I[S B
Bi>/TJc e^H> kT I1ÂCB(B
DZA:N_> T?@_IKI^:J e?F Ô]?@A:EdIKI[JvV>FQIK^CJ(n:k1n?@>@IK?Q_wAC> BW c kD> AS AC_J|B
> IN
c ^LgcB ^B`J
NA:u _[> c T_B^:I?Z> JT{j AHcc BD BgY
_vIb ^:DbXT?@Esc AC>JEdT v E
> T I? :S EdI[D#:Y :c hI[B:AC:Li^Ch:ICQ
Es> AT b In>Fun:?Z> ACT B{Q ID@WXY? ?FSbXI[EUcD@IVEUD DEc ^k _S B^:EdD1BgEdN_^CI[k=J
?FIKB^ _bc EsBAHBYO?@I[vyI ?@D1> c B/T ^HIk"A:_[J_V_ACc ^DF>@] ?>FEdJS IAC>FI[BiAHD Bg_` I Ju bXAC^C? kc c> D TT c BI[>?ZYOT J|vIyD@ek>@?@?^:IVS Bae I Q
u
>>n TT x:II9 Qo^ _[b qAC>FBS >@I[Ed? I? c B` ?@Yyu I[]DF> ?F>@T ^CDIthvtc JJ|^:A8BIKNJ> >> T TT I I[I1NyT ?@I[I[AC?DF?@J
]gI8D@v^:eBc B D ACc TBL c c` D E cJ T>SNt^ ? S klc ^B{D@I?=Y > >u T cT kI1Ic DZ>*BALikc I[YIK>vT N >1^> ^T^CB ~k
I[J ? S bX? cc BDFI Y` >> TT IyI BT cI[Y ?T J
>ZD@vVeQtACn B x{6bXQ c Ed)zE*LgTIyc ?@?@IKI[J DF]gT ^:I[B?D J
c LD@eEdI ACu B k^:bX?XT > T^ IVc eD1]gACA EdD@c J^
bXLiI[c D@> >T u e _^ c bEUj vo` êS A8>N^Hkae >@c I[EdBaj
bXD Sc > _ T T > D T T IACEd_Ei^LgB{I D@I[TB
c >1D ^CTkc ?@>I T c Itk*B^ b^ Bu ^:IV?> T > I[T ?Iv
bY^
AC^YJ IVD u > u TAH?@ItIyEd^]gDFA D#c J^CvVkQXAyn Lgx I8n{ACQ D@$X>vT D@I >@?T A8I[N?ZIKJ
J DFèJ
AHI[BMDF>@AH?F^CEd^NBIKItJD L
T N ACEdb Eê?@eACj:D I `
jJ cS EUEdEdIKNJIL
I[N3?@> J
T^Y:c eDDF^:I[? E}k u u L
>FN^]kAH?FEdI[E hc BI[Y
B
v> cc B
>v[>FQX^n Ax:x ] Q c > ;`"S c k>kT Î/? J u ACc JBBAH^B
>~
cT eI[?AHJ
EGD@v"eD@>FAC^B/EdI[DB/T L
ACEdNEB> T{^c >IVh]gI[A8D N ` ` > ]{T ?@^ ^CS h Y c T/J
IKTJ IyT ?ZIyA cY D@c IKh:J/I[DXAHBBÂC> Esc AH_I?@e >F^ ` > TT c ID
eEdI[> AHD@T>Fc I[e?#AC_V>XAC?@> ?FT N/It>@]^ ?F^T]ic DI[?#e]ACEsA:DF>@_I[I?AC> BiT JI c >?1c eIKAHI?@QD ` n D@x j gc Q B W` k>_[A AHc Ed>@D >F` EUIyL{EGJ A:c J:I ~ `
]iDJ
T I[^ I[?Fc DB
I[]` >#>@^ AHIVS Bg?@I1>#J
^D> SB{T ?FDI ?@c` ^?AHS ]iBgBgACJJ
?@IK>> JMcT _ IfS LOEsNN ACI[?8bEdQ#Ed^ ^:eb EdhACI[_?@DX^j
BgACD8_wBgQ#?@JI[n >Fx:> IT7 ILQ c ;"T EdI I[S ` ?Z> J|AHBgD@c keJY:AHEUÔIVB/AH> >@J
TD#^
c ^:eI[?D
Bk^:^:?> AHT BOAHN D@>@u IVAHB B c u e>FÂCEs> v T bXI c T?c _AHT D@D cA DF>Zb AH^BgE}_k\IKev ` A8E Nc I1AHD >@T >ACAEd_FEajLiAHItBg?FJI[D@j ]ic ÊdEBQoD n c Lx EdI Q
;k"^:S ?@I[> DFc > k*` > TACBgIVNJ(` jA I[]{b > ^:cE}kB ` u D ]S ?FJ{^J
]iI[I[B?ZEdv"N/^? J
S I[e? `] Y:c B?ZYA ÎXB(>@^:^YBI[I> T ^HI[k? c> BT I[> e T I `
jD c c L EUEdc D E c c>>NO` Q=> nT x I T Q I[. ?ZJ
BDFeACEdAHE*BD c DJ
T IVACDEdE*^HkLiIKAyACh? c cEdBEsACY:> T IACAy>#DF_[]gAHAD@It_wI B` ^^B{?FI[I D@]iT
S^B|B
~~
JLi
?FIIK?FJ3I[D@J IVT ?@hACI8B J S Dtu k^:^?t?=]g> T AC?FDFI[> IS ?FDZIKAHv e` ACNOBgA8J~> T> T ?@^? cb _ID uu >c BT ACL>X?@DFIK]gA:AJ
_w> IKT v=v ` ?@^ D ST BgACEdJ E
A^yBy>@^ > bT ACB> Qu n_^:x eQ eW k^Bg> T v I` > _[T ACIX>F>@j Edc ItBY#J
^D T JACAHEdEec BACY:> I#T AC>F^>_[S AHB
D@kI=I[BiB^_IK>oJ ] S _?@B ^:c D]T D
>> TT II[?@TII[A ?J
T D@IKeJ|I[YBaI1Q^CnhxI[?Q bXu T{$Xc _T T ItA^ b _[AHBeI[?XI[^HE*k_[AH> BT BI ^ >XI[EsEd^
J^vj D `T ACAHBgEdE*JReD@>FAC^j:] I
I[T h:IKI[A:?@J*NQYOnHAH ]9 > Q T ?@u ^W kS Y _[TAH>@bX>@EdITc J
_ T ^ Ae J
c D^:_ YT{c^:Iw?#kwv Atc LiB3ÔACAHB?#_[I[ACBgB_wEU>^:T D@?IKS J DF> I[TEsc J D
76
BT IKBI[?AHIKJ
?#JD@Ae^BTACI c B Y T
` TOS ub Bg> TA8J
NI ?FIKb^J ?XAHu >ZB{]g_ IKACT ACBie?#ACAHAyDZvVB h ccu BEdL EGAHS > YT>oI I _[` AC > >FT I[>@EsIEdJIKvTv=`:I[D S?ZT J
BgAHDFAHEdeEa>@>FJ
AHI[?BBgc hJ
D I1IKT JfACA EdbL
E*NtA8LgN
AI Q
DnCu T_[ AHAH6 D@EdQ I[E D1uu 0]g> ^:A8T N?IJ{AhACAH eE SB{AHI1IY^C^HIKkwkv v^c >B/BT I ^:Iyu> _]iT ?@ACIV^:?Bg] A: vu I[J
EsAHJ
I[BgD@D J>F?@u ^CIKAAN: _IKTSJACvT ?@D >FIKT I[A:?AHJ` EdE\AC^CLiBgk[v1ItJ _[ec ACB>FA>@AHJ
EdEdII E
YnC^
^nJQ ;>@^S > > 2T IACB^ bS1BT I[AC?1Do^CJ

kXIK_> EsT ACI?FIK JfIV> EGTJAHa>*> TBÂC> cB{D1I> D T T IAHEdDFEI[Li>@>FIEUI8]gJ A c J? S kEd^:I? Q
c>u BTJY IVAHNèLOAHAHNY?@II#L S J
ACEU>F^:Ed>@D1BI[I1BiACBgJ
LOIKJNJvXL
AyL
N/N__[^ AHA b>@>@T EdbXIyI[?c >DZJ
TA:D@c_eB?@IKAC>FJB I[B/>@^^?tJ>A8B{T N
ÎyD#>KQYA8k^>FnCJ
I[ D? x `*T Q bXI[W?1T k I[_[>u ACT> EdT h:I[I? ~
u
>D_TT?@^:IAH]?@ IDtB"ACIL ?FD IS T >yACJ
EdIV> EOTD@AH>@I ?Fe^C N^ BIKS I J B
>gu L
D>FNT ^#vAC>@EdIV> ETBLiI > IKc T
vfeS Î[D@BDaLiEdACACN BgD*J
eT eACS E}k#AC_ TBa> pT AHD ACD >u^ > bAHT eBgI=v^j SckBA B
YiS > pEdDZ>c vk `
u
j
D >T BT AH^ I1Edb E#kEdAjIKSIVJ
I[EdY>] IEsA8c^HBNk v c u >KbXAHQ Edc E> nCT _[:AH>gD@T QI[I1D$ DF^CI[^/k[?@hv> AHT >FBOIV?Z>FD@ACDtIB{D@AC? YBgS ?FJEdI[I[D@D> D T c AÎ1B?kD/ACc Y ?FL
TeN(>FI[I[^? eS T AHDA:D@J>Fj I[c B{?@BD ^Y `
>LgT IVI > cb ?#I[_VIVACB>@>F> EdbI ` ^ AHBgh cJ EUEsAHT YI[?ZI[J|DD@_eÎVBiBa_I[QX?@nCB c B{7 YQ W A kALi^ J S c DFBg] J{S AC>@?@I N `T AC> TD1I/AC? j c DFc BI[BY
D> TT I1AHEdEsEaACD@BiIVJ
>@>@eEdIyAH?@> j
T DIyACE ?Fc eI1ec >@D ^DFc B/>J > Tc DFIf> c eBg_^>FB
EdN> T h c ^HD kc LP1EdIN
QoA nCc DOT {> Q T ' A I[`
> bXT{T c I[e B
ehACAH>F?@> jyT AH> D T ` It Lic êS D BgS JjACAH? D c ` I[D_^:u >@LO>FN^v=B
~>F>@?@?FI[I[I[I[D D ` òu , IAHQ YgEGAHQrv D ` 4 NOACACEdY:e?@^N
J?ZAfT AH]gD AC`{Ede) DD ~ `
LgeACBgAC^ eJS LiBg>@?F^
J
I[^D I[`DD ?@^CbXIVk#IKc J
>J T Dc ` eI[> ?FT{I[c EUcB
j
_F>N1j:I[j >@Sc DBgc _J
^CI D k` `\ nH, OACS eLQ Y
c DAC; `jN3A{_w?@X_I[E>I[S T
]iDFS I[>@D?FI[D? >c BTACBiY/I/J DLgT ?Z^ ?A S S c BgDFLIKJ:D J ~ `
ACAC?FBgN JbXkl^ c EdS EB
B>ZA^:c>tBLgDID T k^^:S?@Y:EGJ^>@>FLgI[IBaQ/L S{nHc OEd> QbXT $ I[AC?@BIj
LiD `^ S b BgI[J{EdEUACD ? ` c I[_ Dc D@>FeI[?@I[BI[D> ``
eÂCD_[I[_ b BS IVp? D EUE*c c BYACB{D=> ^T >@?ZIVI AHeBgb ]_ÎEd?FI[EG^CD J k\` ` nH> EUTOIV>I#Q TLi)c^ eS BiBgJ_[JA ACACS D ? D@c TI1I[DI >@^>FbX?@I[Lic EdDFI1Ei]gD@eACI[DFI1AD@I[J|> DtT I#AC_^>=^:> B>T TD@I[>?F? AC^ B
TS >@c Y J:EdTN ~
TJ
J
I[I[A B?Fc ?D `` e]i_ TI[ACL?FA8jOLDyEd` I[klDAH^`D ?T AHIVBgLiD Jf^` S DZ]iACBg^BiJ>@J ACD T`? cI[n I[?7{D J
6` D Q `n ) 7J
9 Bg?FQNJ bX_w, ^ T>@b ^:ACBJ>FI[I[S hD BÌ[Y ?"Li` ^^L> B?T IVc I[_@D ?oj
` D> _T` ^ c _ Bb c B
Y:p DD~
^CAkEU^:ABD Yc e > c c eEGAHI?` j > c TBg^JDFI > T T IyIIKDAHT ?@>^ T S EGJ|J Ô_[IVA DtS BD@I^>t>@^_^:Lg?@?FI^|J|L IS ? I[c I8hJI[B3bXAT kI[>@?@IVI ?
^L
BNIEd^LgB{^ YS _Bg^:JB
AH> ?@c NB S IK^ Jc B]iD ûDF> D@T I[DFID c ^^> B T ` I[AC?ZvVBiQJnL
7Nn{_Q ^B{; D@N>ZAHB
> T >@EdI[N DFI/ ^ D bXc Y:c BBD Y `
D@u >F^H?@kIKAH> TeI/D#Es^HACk BibJvAC>@^HIVk?> > b T Iy^j J c c BDFY] S D > T c B{AHEdYEAH]gDZAC_?FIV> ?@c >ZI[A DKcQzBn > T7:Iyx Q Lg^ W SkBg> JT AHI[?@?@NI
Lg>@EdI I[eAI[B
J
>X^ S ^CL{k>AI[J hc I[D@B] S ^>@IyB ?@c I[BY
DFAC]g?ZIKJ _wc > B{c ^YBLg^^HSktBg> JT AHI/? c eI[D1ACD?FTjODAHÈdE\> J
T I[I/]iI[D@IVBg>J ~
^YOBAH?ZbXJ c c B>@BY/IVAD@D@IVLiDK^ QS Bin 7JiACQ?FN $X` T D TI AHbXEdEc >@LgB{II[D@IDFgI[DACè u cY B{c IKh Jc B_wYÎ[Bgh _c IVJ
?@I[B Bgc B_I8Y v#> ?FT II ~
EsACACBgBgJJ
eAHEUDFAC^?FjO^CD kc >B/T It> T > Ib ]^?FEI[c D@> IVc Y
BgAC_IB
>@^CD8k=Q>n T 7:I7 Q _?@) ^ D#b >JMT ^CI[Nk` > TLgII c Bh Yc EdEs ACSYIVIV?@D~D
>Lgc ^ ^S B{BgIKJJAH`?@S N BgACu cB B c eb ^ ? Sc > DFc EUB{NYOJ
v ` IK_>F^c J|YI IV` > T I[hI[?I[BbXD@c ^> T T > ItT DI Tc ?AHEdBgEaAC?@eI8_I[^DK?Q#Jn > 7 T {I Q
'EdI[I[>@>fD > u T^Ck#I[e ?FIK` J ] S >F^ > b c BI[Y/?FDZvyI8ACAC?@Bg> TJ ^?FIKBJ3> J
T ?FI I[c ?D@DFTI[DIKÀ:J
LiD I òc Bb Y/IKAHD ?b c B^:?@Y/B_ TIKA:AC_]
T ~
L
LgN^ S u Bg> JT AHI?@N?@I v b c AHB3?ZJ
ADR_V_k^^??Jv ACTBgc_wDyI ebXI[c > ? T c >@^> ? T c I^ S >FD? S J|> I[T IKQJ
D n ` 7 DFI[Q >@>FWEdIkX> u T > TI[N I
J
AC?FI[I>FI[Y ?@Se c Edc >@B{EdII[D@Du > uT LiII c LgB^ Y
S vXBghJIVAH?Z?@AN_ vc ^ cS BD bX> T c I>@BeIVD@AHD@IVBDKBiI[L ?S DF> >ZACc k\>FIK> JT I[` N/> T J
I[IN ~
>@BIVBI[?@DFIe D@I[^Cc D BkI u > kb ?Fc >^^ eS T

BKS> T SBgID@J
>F?FEU> IKN b J ` ^/> u T ]gh IVcAHEdNBgEGAHACDYDT I[v[ACD QÈdEen Lg7 I[I{BQ _w^H^. kwevfB3]i> I[TkEdA IREdcIKE JkS ^ ?@S >@I^?^CB]gk I A8bXc NY c T >A ~~
LiAR^ ~S J|? IKc _B{c YD c ^h Bc EdEsAC_^:YBgIVD _`8I[bX?FB T c B^Y/AH?@> IXT ]IS Li?@Î S` BiD T JAHACEd?FEON ec ACBj:>I T u IACD ]bX?@IVc D@>FI[BBgI[_wD@IDFI[DZ^Cv k
>c BgT ACItE j c cB B{T YgACQXL nc >7 ACB
Q >@D . uB^Hk#kA > c T E S I?FI#_^ ^CS k=BOB>F?@I Nc Y T ACLiBg^JS _V?FDACB3u bXLiT IK^v ACbX?@c I8>@vXBI[^DF? D@c I[YCD ~
bXI[h c c> J
T I[Bg?@I[_wDFI]gI[I8h:_>I[B/>F^^Hk\> >T T IyI1Lgk^ ^S EdEdBg^ JbXAHc B?@N Y ` c uB > T T AHIL j c >Zc AHBBOYO>FvDXe^CkoA8N > T T I1IKklAC^?t?@IV> D@T >KI Q
nJ c Y9 Y:Q I[u?@D ` cU DFQ Bgv ACT
j:S IB
~_V>@ACI[>Z?F_D T` IVk^?@Db ` EdI[Y:?@EUD I8`
ACT BI[I[?Z?FJ|D D@` eACIVBiB J`: ^D > T T I[I[?@?ekI[^:B ?@I[` DF?@>@^
I[^:?F>DK~ Q
>DnTT ItAC6 EdQ eE I[)S IVDFD> >@c EdB>NTYy_[I[^CAN kS` D@> LgIfT I If>c BT LgYI[^ eS IBgg>FJACêAHLg? cc I B{I[D IK J u >@` IK^JMJ|LiIKLg_IKI[Esv AC> ` b?FI[I/I[h:I[>I[BTB/I> DFT êIt> AC> T ?Fb Itj
^Dyj hc kB^c EY ?~
Es^CACk Y:I[DKIVQaEGJ|n:D `Xn{b Q $XI[EdTEdD I` J
>ZI8AH_ Bc j
D c D ^` B^C_wkt^BgYOAH_IV?ZJ
?@B IVcBBDYAH> BgT I=J LgT ^ ^ S S BgDFJI[D/AH?@N:J
~I[e]iI[ACBg?FJ
j
D D
SB]iI c ^Y B T Liu >^ T S I?@D=IVhY cc hJ
I=IVBgkAH_ItEdD@I#^HkwIVv"h >c J
T IVI1BgB_II c `
Y bXT LiT ÎVBS ?@eDKQI[n:B J x c Q D@] ,
ST >F^ ItS EsACJLi^> TS I>
>cA1B
T Li> Ic ^ e e S cBicJJ{JAHJ
AC> Ed?Fc I[^CNeB~e^]iDFAH^>?@DFj D@AHI[èDF> D@TI[I[?I#D _I[j Tec c BeIVYtBOD@DI[>#T E}k*AHACD^CEdEikA eA ACT B{j:^ IIS QI8D@n:IAC`_ TiAtQ ^H>%ACkaB>I Tj bXI[` eAfT ^YO]gAHL
A8?NN ~
TT
J
SI[IXB Bg>F`J
?@I[?F^DFIK?]gJ ACA DFu ]gD@ IKACI[JBiEsv=J ACDZ`> vVT D Q?@T ^ nACS EdE=Y 7 TLgQ I Wc Y:kaB> BTÎKI?ACJ LgBg^ _SI h`BgI > JTT
AHIS ?@NBi J
B_[?@IAHIKBJ u BD T û ]gAH>"EUAHLgE{BgI1LgACIKACDvv[DZ_w> I[b u ?c ^ ~k
>Zc B
A >@c BI[B
IK>J c ^:u BL
N^HkwAHvB
NLgIVI[Bh I c J
>I[c BgB{_wY/IKv > ` T EdIVI[e >#Afu AC? cEdYEsv T ì>@TIV^ c eS DDFI[j E}ckBACY DFDbXc Yc > B T u u T{> cT DIv
EsACBgJ :u >F^:IKA:_ T vV:> :T AC> :c CDX> T I1DFI[>@>FEUI8J? S EdIQ
TBI[AH?yDXnLg^C:k[I[vIVQ BJ|$XIKk ST
_ cEdS JEdD#Nc B> J|Y T IKI_u Es_[EsACACA ?FbDFIKI[J Dkl`^^CW=?k[bXvtJ|IKc J
Ed_ EgIc kJBAHcIwBe|Y>XAH>Li]{c ?@^^^SBa]iBgQ^ J{S nACBg:?@NJQ >u JT ) cI D@] ueS D >FTACI[B
ADZv~~
>@T
? S c NOBgAJ
ò?FIKT J A8h u ]gc BAHY/BgACJ
DIwv[kiACAteIKJA c D@A NOA; ^?ZA BT I eT
AHS BgBgAJ
`?FIKD JT AHACEUBgE=J LiI k>NBIK^:J?X>^:b BÎ
T
)S Bg; J
?Z?FA IKT J*eAACBi,
A/S J
D T?AtACEdD EXT LiACIEdED S B*IKI[J ?# _kl^>?FN ]g^:u ?Z]iAHACE*Bg] AHS DZBvfc kD ^:T ?eJ
I[IB
k>KAHQoe nc:BY Q
A>b I[B
D >T NAH~ >@ ? h:c N
I Au ]gc ACB BgAHu >DZTvVIc B _[AHu D@> IT I#^Hkw_[v1ACDFAI^HkwA voc D@A N
,|AS > J
T ?ZI A > bBII[EdDhT IAHQoEdnE\:LiI Q
0_[AH^D@?>@I ^C*u hI[BgAC?F_wBgI[DA ` ^C> kT I> bX c B_IwIy~LiD T^?FACBEdEoeLgIKI[vfBACAHEdD@YOÂ c > Bb DFI[>Edh> IT û DF]gI/AHBg^CACktDIKv[S kÂH? E
D@]iBI[IIK_ D T T IVAHD EUEbXLgTI8c v_ T J|^ ^ S S Y LT EdI>QB^n>" >@9 ^tQ LiI) S ^>F>@BiI[_?FIIK~J Lg` ^:> ?@T BAH> eu ACAHB BgJu A I[h:,
I[?@S N ~
DJ
nT ?AAC6 Edv Q E `:WbXT k A8T T h^ II c BeTD c I[SDB
Ed>@>F> D^c ^:BABY DX> S bXI/> Tc _w_IIS ~Bi>LiAC^^ e?FS BIV>KDeACkAC^BiB ? J/bXT _[cI AC> TDFc>@DyI[Y:D ?@^C^:ktu D@YODEdAH^ c>b B
c vh:^:IK^C_? kc> Y c > h:c T BaI I `Q
u > bXc _` Iw~LiT ^?FBgv bXc >T T S _^B
> S eT I[EdN ` c ACB c ?@T{^:c B(BgA c SE ` T >FI[B BYI[?FW D
EdT Î/BY AC?F?@D ^:YOACACEdB
EX>FLiEUNI>F> IKA? _ T D@IV>D ?F;IKJ:?Z~ A T ê> AHBgBO>FAC^ Df> T DI c ?eJ^ S >> N ` Q3> Tn:Inj Q c BY k
DTT c DyACEdIKEAC_V?FA DKS Q3DFI n:T x ^Q>=^ % c EgI >F^bXTLiÎ1]g> T ^ ?@S ^ ?@S I8YJ T c B
AC>@?F^ ?@^TY
c DACBge_wÎS e> T AHjAHI[BgDJ kc ACB
Ed>@D@Î
D@_>^ ACS >FB
I[>@e?@N I[`B
T{>FDc D#?@I[_VY
ACACD@>F?IJ c uBYOYtAH>> cT v IX` ^:EUI8?#AC?@> BT cItB{?Y c >@u IV^CD#kaL
AtN _[AHbXD@T>@Iwc ~_ kTIVEUTEd^ c DXb Lgv `^TJ
c N D
bT
S ACBgDtJ
D?FACIKBgJ _> u c}]g ACIKBgJ AH` DZDvVTQACnEdCEiLiQ I% _I êbXT]g^yIVEUEdI[IKhJIVB >@^c B]gAA8_VN_Â ?J ACBBgI_wI^CkXbX> cb > T^
> T It>@? S ItkA_>FD u _w^B
>@I[e]> S ^ S DFEUNvX_[AHEdEUD#AHB^> T I[?eACB^BIw~
7n
[I^NBI8IyJ j` ACEs?FAHD eT AHI ]g` AC^:Bi?tA> QT In: E 7 c jQ I % u BgI AHbXeT I[^Dv J
` ID kT AHAHeEUE"I[D LgITc D1B{eIKJ3^:> AHT >tI[? EdìIKACTDFc >D
kT ACI > TbXI[T ? ^t`
TY c c D hI[bXDc klB{I ^`
>T> c TDXI Lb?@^:A8> NtT IV>@?^ `TT{c c DDX]DF?@Î8B _` I[]^?>F^T? c` D=D >@T IKAHA:Ed_EgT LiI[I#? ` _ÂHeRBgJ ~
]gACLIVEUS EdIKD@IKJ v>FL
^/N/]gA A8N ; ?ZÂ BT I eT
ACS BiBgAJ
?FACIKBiJ J/u A]gACBgD AHT DZACvV>@Q? c nNO:AAQ u 0B{^:I?te e S S DF>X> S LgACI E
cEde^ b ]iI[^DFD@>I8J/AHeL
I[N3?_A I[eJ cI[DZB
_> I[`?FB L c SB>Y û Bj c B> TYOIv ` ^BD T >ACT >FI? c NO; A ?ZA > TT eIAHe Bgc AJJ
> EdT II ~
eIg^:AD@_>K>FQEdN nc B{>Q T I) DZAHeA c IDFNOeA/ACAHBBgBJ(IV?A A:,
_[_S ^:J
?Z?J A c Be Y S >@D@^/>y> LgT II c ]?yS ?@B I[cDFD ]gT IKIK_ZJ ~
>_ cS h>XI^ _[S AH>KD@
>@IV> DT ` AC>L S c DX>f> > T T IIJ
>FIK^_ Bc YD c S ^:I BaQ u ^Hk> T I ,
S J
?Av1D T ACEdEB{^>1LgI
::$XTO:S :T :CS : S c T u c
_][AC?@DF^:I[]gnDZ^ v{S ^HBgQ k{JJ|I> kT ACIeDtJ
>ACIK> _ cI^:c D B ? c ^:T BEdA8I[D1h:u I^Ckk^:Li?1_[I[AHI[] ByD@I[>@BD?v1S D ^CEUNtkXeJ
ACI[D@I8B
D_>@A EsD ACS ?@EdI8>8ACJ*Qt] ]nW*EbX{_[AHQc EdLEC+EdBIIc >>FT^ >
bX^Ck#T >ACT >FI[Ih>IVT ??FE I[c eIKv LT{A1c Y eT I[ACDFBy> ^Cu k\_[AHAfD@EU>@^ IVb DZv ` _[AHI[D@h>FI[IB(J
^
> T I[DAC>T
SE c ?Fe>L>F^ D Tu AfACEdeE=LgAHBI
?ZT_ AS I c >DFbXI[^CDT ^ T1c c D >BT T ACAHAHB> BgY:cJ I[D?1^> j ?T c I _FAj
>@DDFI8> AbXc _F_ c jT> `T/c BD Y3TT c AHDX^HEdkEk^
T2 ^:A8> ACh` BI D S T TQAHc EdD E n:T T AC9A8Bgh:Q JI % T_ cSI D>bXk^
^HT ^^ >
^L_ SB?ZAH>=>Bg^CT J
IIKQ\JDZn:AH^: eB 6 IyQ T{) D@c D IKAHEdT{^ > c b ]/bX~_[AHc >AHBgT D@J>FIXALgeI1eLgACACBAHB B bXc^CD T k#T ^tIKA J >F?T` c c I[^Y DX? T >Fu ^t>_[T AH]IfD@Es>FAIj _`c IBD Y
TT v=cAHeDEdET DFAHLgI[EdE}I kE
TE_[c A I]{S DXDFD@]>@I ^c T{>@DLic D=Iu L^:_ SBS >F>#>@A^^C_FDjS ]g>@c IV^tk ? T cLiÎ I1?vS YO` ? AHc > D BTT IVIIKD Jj u Q^:c B{nB YTn{D cQ TeW ACkav EdEX`^ S> _[T >A IfS ^HD@k]gII[ACB ?FLg?@c ^:D8^:> YOTcACk BiTT _c IID
LT ?@Î8EsJACj
^HD k#bX> Tc BgI J T u A ACc YO? A u c ^CBktD@> ATD c S e]gvI[`? c > ^T ?ZIv ` AHEUB IVS>DK> Q(T I n u jx cQ BY
W vk TS I/B T EsI[A8D N
c D~
>Z> TAH>Ifc BkI[YIVEdN> ` _ > S T >1Iy^CLg I8ACT?Zc J D ` T > AHT BgIJ
B{D ÌK_FE cj j:` I bX^?c D@> I T Iu c k D_T ?@I^:> >S ACe jIVQtD nT{Hc egQ v% L
NI
bXTc T e^1voLD ?@T I8ACACEdj
E*DLi> I T I#BDFI8j Jc B û B^CI k\T
AHBS BgIKJ| ?@S IKAHJ Esvou ^]g?oACBiklI[AC>ZDZ_ v T Ì[T DXI L{bXEU^
T ^^J _ u S kl?@>@^D1e A
ec D T S IKDZJ_wEUQ/I1nD c 7 QB c )D T _[j_AH^:D ?ZìJ Tc BI Y bX>@T ^/^> LT ?FI IKACS j
DFIDtk SAyEdBLgI[^:DFBDIy^CD k#T >AHT EUEILgD@IfI[h:LgI[AC?ZB
AH~E
u> jT cAHBg> J
c DDX^C> kwT viIy>F?@D@I[I[IV>FD>@EdAIKJ B{? SIEde IQXS nDF>*:LgQI Wc BkgAyc _L>@EdIK^ Jb-k^:c DX? cD@B8>F? SS ?_FcjBYXAHYO> TA cI[B{e D@>
eD T I[AHBfEdE ^c ?B iAHBc _wc >eA ACEd D Bc ByI ^c B?ZJ|]{I[??@^>F]i^ û ?FY > cc h:ÎB > >@T Î[e> T vI]gAHA ec B ^ ` S u > BOT >I\^C kXS ]gJ
YA I8c B v
u _[A S D@I8Jv[Q=u n{b Q W` kTAtE c eL cc D c BK S ?FIKT J ` A b ^ S BiJ u c DX_[A S D@IKJu v `
^> T ?XI=LD EdS^
^JI[?FI[?Zv"^ > T D IXI> ]gII[AHB{D@D@DZI[A D=EG^CAHkgB
> >ZT v=IXD _ SACEd?@EaI `LiÎt?oe> T A:I J
I#bXT>F^^:EU]gI A8u N Li^>>FT^
>AT v I SBDI S uAH>FEÂH> eT II[?j_I[c BeYOIVvVBOQ>tn:AHBgJ/Q >% T I IbXIw|T ]i^/I[BJDFACI[eDAC^CY:kXI[DX> T > IT I_ S Y:?F^
I^|J|AHDD
^CY kc hAHIyBDZÂH> > T c DI[k? A` _Li> c I ^:Bc > >@c^ BO>F> I[T B
I > c u^^ Bib ACBEdEdIVN/?Zvy^? ACBgS J B c ]gB
A8>@I[N B
>>@c^^:Bg> TACEdIEdN j ` c DBT Y/AHEdA E
J
B^B{II#IK>@^
S vACE*EdIK>FAH^> T > TIV?I ` u ^J?=AC>@e^ ACS Y>FI8I[v[BQoD nc EdD={^CQ k\W EdBIKAH> > T T ItIV? _[ÀC^CDFI1k b ^Ck ^
u^J{J AC` e^?=AHY^CI k
_>TEsA8IN `_V>ACT D@II ^CBk I u Ju DACT eAHACEdEgYLiIyIK>@v ^
v h I^ > b c eI[?@I[D D"` >?@T^
I^c >F?D h` AHAHE BgS JI:kE ? c S{j:Ic >8bXQc D@n:I c 9 B Q
$Xc >@DT I[^ Nb BJ|IVIK? _ÈsACu ?F> IT ACbX>=c >> TT I[?F?@ItI[DFAC]g?@I8I8_v>>F>@I[^/BA/_[AH_[D@AHI[D?@? c c B AHYbXI T`c c _ >@TDtBJ
?^tc h:] I[S ?B AHc D BgT J ~
eBI[I B
c> Du ]k^?@?I[DJ_AH? c eLiIKACJ*Y:Q=IJ
n^B6 QI8v+_[ACT ByIVBtLi>I T c I=B gBc^:_D@>FIIK~J*D@>F ? c c BtBY^> c T D*I[D@?Bg_[AHAH]D@]gI[I8D=J A `
bXb TA8NOI[BD^> ?1T ILgA:N:_@^j jìI bXc D#T I[LB ?F^> j:T I[IB `*A|bXEdTItIV^:B?t> A T IbXT_VACI[?@IV? E c ACc D#YIyL?F> ^S j?@IVBB D1` D nc J
:Iwn~ Q
+> T ItT IVLB? c J
> T EdItIACEdIK?FItAH> LT ?FI[^?j~> IVT B ^` B{AHYBgD J ` > bXT T II[?@B ^:]gu > IT IAH?@J|^ ? S c BghI[J ?v > T T IACDBIKEd^ _FSjJ
^:EdN ?
u
>c_[kTAH> EUI[EdT D@IKI#IJ_[_VÂHACSD@?@I[>=> D` >voS p B2 ?@^BACD=] jS^CI B b c Du A8>T NT e` I#p I[?@2 B
^
> AACuJB D vS T >AHTT EdEAC?F^LiDyS I J
Y cIKTB _gEs> ACc T _?FI#IK>@IKJ J
J{? v[c >QohT IVnAC?K >p xD cQ b B;"ACACSB
Ed>> E
^C> b k#^ DFj T
c EdS E Bi` J
> T?@IKIJ ^ ub ]gBACI[Bi?yACDZD vVT QACEdnEXHLggI Q W kXBIK> TJ I`c J
k? cJhACI[e? ACc D1Y:I D@j u c c E}Dk S J
E ^:u BL IKS v > `
BD@j I[cY:E}kE cS Y:E I[` B
> >ZT v IXò^T _[I_ S AH]gEU^:AHBB
I>@DXD ^CT k*AC>EdE=T ILgI _[AH ?@B? c IKAHJYI c u k#AHEd> D@T ÔI/vDJ
T ? cAHhEUE{IV? LgIc D IKAS _ B
T ~
TBc D I8bJA8^:NfBLOI NyT
S_[ACBi>FJ
>@?@EdIXIKJ ^?ou ]gL
ACN Bgu AHAHDZBvV^Q> nT I[7 ?Qv;"_[ACS ?F> ? c c ACk Y:T I I ` ACc D=BgJD@>F^T ]I#]i_[IKA JS D@Î[B D
>LiT I Ic eJ
IK]iAH^> TD@I8^CJ*k\QXACnB
Ny{QE c h W k"c BAyY1eLiI ACc B BY c DX` A j c EdEdBIKI#J `{D TTACc DXEdE Y bXScc >Ed>T ^ bXS c >EdE*J
Lg^ IS LAC>>
ÂCBiDt__IX^ b> T D IX` DI[ACEdI[e] IT ACAHB
D >@u D > ` T _[ACAC>e^HkwI[voEdD#A^:> ? TcT I^k?@CDFkI[^:D ?oÈGTAH?@AHY:Ek=I#^CACkB c> eT ACAH>8EdQD*D nS :_ T Q
0u ]iÂC? Bgc AHB8DZ v[S H? >c BT Y1I DFeBI"ACEdkEg^?_VACLg>@I8>FAEdI#S >> cT k IS E bXBcI EsJ1u D T S AHAEUE*J|?LiS IK]iv"IK> J
b D^ AHT
BgS J1BgL J
c ?F?IKJ
J D
DACT BiACJEdE\Y:AHÔeAH>@^ D=S > BOT >=I >@ ^ B Itk>D N T ACu Ed]gE*ACLgBgI AHDZ vVh:Q#I1ne:ACQD T 0 AC^:D8?#
LJ
S^B{>Xj> I[T N
ItD `] DS T B I[c I[D T] ~ `
e)IVbXBO>"c kI k^:` ?Aj D@c ^:EdEB c B` YyAyADFEsJ
A8h^:IY` ^:A?#] AtS ] ] c c YyE ` D AHT BgACJEdE*A LgI1u N:^:^ BS I1B{eYI[AC?vXD T LA?FQo^>nT :I[? Q
^CLik1IKAC> >FT I[IRB k bXS Edc E=> T LEdAyÔ^?@^:J ]g`"IybX^T ?1^ AyT D@A8]h:E Ic >#_Lg^:AHeee Lgc ^
>F>@^ IKÒJMx:9kA9 S Q Ed>@;D S ` >eÂ8B/N/> LiT II
LgbXA:T _@^jDF]g>@?ACc ?Fj:>#I[D1^Hk> T> T I[IteLi^^> J
T N I[? u bX^cBDFEdI NvbX` c BEdE I[hc BgIV_ ?#S ^?B/> T AyIfBDZ^:ACLeEdItI1]gY AHS?@c >KEd> T AHID
Ay> T{c :IwkZQ :::::C
Li> T I[II[BxJ
9{J
IK6 _ IKQc _D Esc $XAC^:?FBTOIKS Jyu Dtc _B/^> T e_[IAH]D@bXI[EdI[DT >@v1I[Êd^CEdN*Iyk >EsW*AT bXb Ikc >KEU^HE:Q kBx:ÂH9 bD@nDQA IS' Ed]I[> Es>#A u c>ACB1T BgIt> J T j IT
c BS? SY?F>ZEdI[vIDT I[kAH^?@>D?
Tc D c T eIVDXDFI[> E}Tkc >@I[^h:I[> D T `{I TSc D=>@ekACêD@>IX>@Y^?@^ ] b S D#B AHc D BgT J > T{Tc c DXI[h:j I[c DKBY
kJ
^^? ezìc k ]?FT ÎtD@]i] I[S ?FB|DK~ Q
I[DxcB9:^:Dx B S Q ?@u IVDZ$XDACT >F> >@ACT ?>1IA j`CDA8bXc BkTIVY >c `_N Tyc Bgu ^HT J
k I I[TÌ8JcACDoD òD c cS > DtLb I[I[hI8?F_IVI>@? D` v[b]i:I[^k??F^:k> ?\^T ?F> N/eT I=^CDak DZ> AT T _wI[^? ?FBc}I[ ^ L
_ S N|c AC? v"E
bXI[DFh:I[T I[D^ ~?
Y> T ?FÎtb DZDA:_c ?Bc} EdI[_ Bc AHYE*> TakI[` I:> Q T x:I#9 DZiAQ kI[) >N j u c ^HBk Y TbXc DT D ^ S Lu wJ IKS _Ed>@N|Dv=?@]{I[?@]{^?@>FI[IKDF_I[>FB
D > c u BTYOc vD
D> ST LI c?IK_D@>F] DZcv? c ?F> IKS _ACI E=c heIVDI[? klc >K?@^ ec k TIKA:I/_ T J
^
ACI[BgDJ(BÂC>yEdE]> ?FT Î/>@I8D _c >|> > T T I[]ge AC?F` >> T ^CI k
D+c T > TAH>@I[]gh:AHI[?@? >1u ^CekI[> ?T c I >#c ?tAyJ
eI[eACBI[? YOc A>c B{AHEdDXD@^ LONu v=bX?Fc IKEUEAkJ ACc EdBEY^B> T TIyc eIKv[JQ A x` 9:L
7 N Q
DZ? SA:_D? c}AC Bg_ Jc B{YY ^` J
L
DNv ` _ T > T AHI? c >Zj AHc LBEdYIX^Y Lc k>>FA D c` Bu Dt^?=AL
D Nc v > b T ^:]g?@D ACT?Fc>t]]^CkXc B> Y T AHu P> Sc B ~
_)^:Bj D@c IKB Y S IVbXBgT _Î^H]{k?@^T>Fc IKD_>FJ DS Ed> NT I]{?@_^?F>FIKIKAC_>F> IKc J(B{Y LiuI Tc Bc D#YD j c c BBYOJ|A^_V_e^vV?QJACxBg9 _wI Q
bX] S c > B T c D > T T eI#IVDBOA> _`?FIKJJA c EGEUA Nb ^C*AHBgI[?@JyD D@ue ACD c >FcI[> Db > T I[^?FIKDFIvbDZA:^_?@? > c}T N_IV^CDk\AC_> ^:?@bX]iT^c?Z_ AHT E
T
J
S^
BgI[DXJ
?FBIK^:J>> A8T *^ ^S ?DZJACBi]J
?F^D >FuIKAH_?@> I#c ^:Y B c ` hI[u NBI[>AHvDZv>ACkI[jI[IVD8D Q Txc 9D={D QT )AH?@I j cc BBY j bXc BiT J ^ `
Tu Ac DXk>@>ZIVA?MJ|I[DIKÀC>>@T^:EdvEUD#DFÔAH^:BgBJJD c S B> j c IVD c B
` >@J{^ A c TEdNI[Ed]EQ ?@I[DFxI[9 B
>@QDAH$XBgTJ IVN-BI[J
D IKì_EsbXAHc?@EdI E
> T AC>XA1j c B{Y bXT Â8*^?ZJ|DB^y]?F^>@I8_> c ^B ` u NIV>Zv"?@IK_I c h:I[D#> T I
7x
kDbX^c T S >^ EUTB{T I[]iD@I[DI8ACJ

?@^H>D#k B^CT^:kc >XD > T> bXT I TIf^]? Ed?@S IÊdI[J ]gD S IV_wû I^C]`kEdI>>Q T ACItj:x:I[Es9D A b S Q(v ]g`
^:bXB BT ^ T^ b c ec D#> DFT AHI[ACBME}k>AHAHA > EUT EjI >cc DFBT > YI `
ACJ
BgI[h:JR^ ?ZS AH?F]gDXA> _ T c Î[e S D `
`{bXbXc T EUEi^D cJ
B^
jI[D#Ed^ B{b ^>Xu A]k?F>@Î[>@?#I8J|_>IKACu > TT c v[DXQ D SxL6K9I8Q _' >@D I[`> L T{S c e>v
]_[u jAC? c?Fc BgDFI^kJ
SBD=EdeEd^CNk[I[vB
?FI[>_D@^:>FL
?@?ZN/]iA ^c ] B?S AC>>@E*T> ] c I B{S Y/bXB cc > D _@T T j:IVeIKe JIVBOL
c >FB/NDKQ >kIVT x>@?@6:>@IVIV6 I?@Q D e0 ` ^:I[AC?> BgT L
J ^NJ
L
]D N `S ~BhL
ACc ND ? Tc c^ c eBS Y D~
>D@T>ACI B
bX>@Edc N_FjDZI8AHJBg_AC> Bgc}JyI8L
J N1` kA8S h:D@^>S AH? D1c B> Y1bX> c T_wIIX~Lih c^?@?F> BS ^ eS DI[`Bj LOc BNY:DDZAAC_w?F? I#c} __Î[B
D8~ Q
YxACcY
6 hnA IycQ BE) D@c >> c j YOTc AHcBeBOY >FQ DbX`*xT 68c ^B
x kQJ|ACI[% B
D >@Ic D?@IV`bXD AHT T{Y^ cIK`DoJLi^ I bAHc BgBB JYtb ACD I[Lc E}_FkS jAHD@?@IKeIJye I[L
B SNt`*DFebX>aACT I[E B^ b c A8c BtBONOh:]gDiI Aklc ^cY B ?T ~ `
]gT IKACA8?J
h:I[^BaB{:D L u >S T > I[T eI v bX`8bXT ^c EUÈ cu Bt]?@?F^ I Sb JACv"?ZJf^Ck ^CTkc> D=T jAC>c B{u YA:Ed_Nt>ZvD@>LgACI=>FI I`gkACÊd?F>FYIKJc hcIVB D
>> TTIVc IekaD BT ^:AC>EdE `*` bX? S c EdBEB kc^B{?1Y >` T ACAC]{> ]?@u ^
?@IKAAH_ D@T ^Bi> T v1I#D cj Bc Bj Y c `:B
bX>@^ c > TTRIV EUEN Q c B{xY 6 iT Q A c ) ? `
u
]]g_^SIVB|D@B >@kc EdI[D I D@T `D c e^B?tYI:AU>p T x_ACE 6KS >y7 L Q > T ^Cu )Ik#kBg> J T ACTABiJIJc e?A DZS A8b D@N >c^
vB^Y
_VJ vAC``?@?F^p N$X?tT
^:ASB D@D T]iTcIKDXAHA8hD?tT I D ^ T W S AHEsJ
?@J
]3^:I[B?XAHI A > `
Lgc D ^:T > IKT JMI[^Bi?#J
]iD AC` ?Z^:J|?^BACIKB J c ` ?@^> T BItDF> >ZTAcIQk c x{DX6 k?FI[Q IKJM+kT ?@I[^:> eT I[> ? T TI Iu Y LgSIc Ed]>XS ^CB
k[~v
>D@TI[E}IwkXk>K> {T LIS Y >#S> c TEd>I1^Hj kc B{> TY I`c >k T{T c IwItkZ]Q S xB 6 c D T Q I[$XDT BI^> j ` c >ZEdEUAHIVj?I[D^HkS A]iÊdBIKAHT?@Bc eIKJ ~
;AJ ?SA TEU>FeI[?@AC^ BgS AD > bXT c ?Fk^ I1b ^:D B T{T c DoI[? Y Su B{c EUI[>oY^:E Bc YI[TB
c e >v bXT
ST D@^tLiI8ACACBg>@J D ` TA c Dou kD ^
c B^B J c ` BAHY
B v
]AS > ] Tc c E:I^k?a^:DBA_> ? T c}I_j I[c?B^:Y B u ubX> TT I^c ?o]gBACI[?Y:J
E^c Y:BI[D B
T>Zcv*e>FIKv[AQ _ TxIV6 ? Q u ^:;?\S]{>f? c I[eD@>I[v B `
bX> T T I^ j T c BA8h:Y I` Y_^:ê>@ê Tc >FI8>@A8IKhJyI[_B ? ` c eLiII[cDXBACY/Bg] J S T ?FIA8hE Ic j:LgII[IV> TB^] DFIS B bXc D T T Î8J]gIVL
?N ~
k^^?t?Fe> T IKI JRb eACI[>@IV? c?>@~^]g? ^:c ^>tS kD#?F^J
eIVIKJ
A DKbQ IVxEU6E `Q^?% J{I ACbXeT AH^YI[DFDt>@IKA AHEUD1T
S > > T ItbX?@T ^:I[]g?@II
b?@I[AHDF>@>@I[^:? ?@I=c D> T J I c DFu >@AH? ?@c >L c S _Ed>@IXIKJ AC`LDFD >@T ?AHAEd_E\>F]iIKJtA8N^:?\^:BJItAHeeAHACYD IKT JAv ACc B Dtc A >FD u B{]{I?@ÂH]iBgI[J ?
]^CkEsAY_?I8A v[c QBtx _n ^9 ?F]gQ ^:. ?ZBAHET] c S e B c bXD T T eÎVDFBO>@IK> AHu EUD D=T eAHEdE^:Li?@I=I > c TB gAHBc _>@>FI8I[JBv[j Sc B1e^L > TT ACI[?D
]gD_[TACA8DFAHN/I[EdEaD >F^/_T Îy>?FT]gD I^:T ?ZACuACEd^ EEob ]LgBSI IVB ?t c DB{> T TIKeJII[I[hB
EdACI[>=E hS LgIVII B^Hc >Bk c geTc c _I[D>@Dv1IKJRAH]D1?@k^:^:e ]g?XSIVD@?@_ >F>TaIKN
AC` Q E ACc BBgx YnJ6 eDQ T ^:AH, ?@Ed^ I E
>u Tc Q AHIBQrvtA^HkT
YS ^BgEsJJ
?F` IKD Jc Edhu IV]g? AH` EGAHAHBgDZvyJ^HD@^ykACk^:?@>?@c> _TaEdI[` DAHBgD@J^:EGJ^Ck\L
eN^>DFT >I Igb _IIVcEUYEdI[T B
> > `
_I[EdBgÂ:> _T >@I[IKDKJRQ > x T nAHn>Q > 0T ^:I ? T u AHDFBg>@IKJ
AHD E c u B^CY
kav=> T eI#^:^H?@I#IV> BgT J
ACI[B ?v D kT>N ACEduEi]gLgACI1EsAH_ DZS v >c >^Hc D
L> T S I> hc BACE ^S >IT Q I[?tx n _[xACDFQ I[D 0 ` ^:Ed?I[> DF>@TIKc AHe E c B{c Y/B gec _I[>1BA ^H k#B{BI^^HL{kEUIRI[EdkI[AChe IVBc EUN/> c eAHBgI[J D
Ik[I[D@Bg]iJ|IK_I[c?ZAHvEUEdJ
N I[D@b IV^?@heIVDIVB_ÂC?FBg]gJ^:?Z> AHT E Iu ê?1^_[D@AC>] ]c >?@ACI8Es_ v=c ^ ] S S D1B Yc DIVT eeD I[` B
u >8> TQ Ix nC^Hiks~ Q
0j c^:B{?*Y D@>F IKACEAXc B] YXS EsB ACc ?FD YT IeACIVB BOc >e` ACA8kEdD>FI[`?\b _IK^:ACB]iD ^c B{J
DIV`? c^B?Y1e> TIKJI"c > _ c c eBIVID AC` BiEdI[J1>*>> TT II
]c BS YO?Fv]g_^:^ D@bI Dou kLgÎ[? Ed^:bXBTY c c_ BT Y> >@T ^ I[N ; ?b A I[T ?@eI1ACJ
BgI[DFAH> D c `B] IKcJI[vV?Q _ c x Bn Y 7 uQ > 0T ^:IX? Bu^:DFD@>@>FIK? AHc EdED~
^Cc Bk[Y1v\A>@^ Lg; AH?@??FA I[T Be_AC^ BgbtAH` D AC` Bg> TJfI#k^:^H?oD@IV>@BgI8J
ACI[E c?BvY D T u ^:AC>EdE
T kIV^:?Z?@v> _[TOAHbX>@c>F> EUTI uEd^LgDFIVI EU^:T BACYCE}~k
Tc D=kI[I[>8Q x n{Q u 0 ^:?XD@>@I8ACE c BYOv=> T ?@IKA:J ` _^>F>@^:B ` J
? S Y:D_[A S D~
ce BYc Edj kÌV?@L eS IV>@>FBOI[>?AC~> e c ^:c BEdj ` `_b^ b AC>@J IVS ? B` Y ^` ?eY:^:?ZACEGAHDFD@D DF`XI[xD `n:D@^QS ?I[e DFD@c I[EUjEdD` Deb A:I[J
I[>I
^Cu h:k=I[LgD@DFACI[eEdDZLiv ^
` Î8AC^:?@?#> T ^> ACT BgI[J?tAC_[DAHT BI[I D ` `gDZx AHn:EU>Q ^Ck0chD AHTa? ` c ^ L S c ?DXJ
j D c` Bg^ J|c ED ` ` _IKEsACAC?F? > c}T IVIKBJ
LLiSIKAC>F>@DFI[>@D? `` xenIK{ACQ > à. T ?t^:^B> I[T N I[` ?tAH>BgTJc B^:Y> D1T IV^H?k>ATDc Bc e YDtc EsAH> T?XACj >c Bg_J ^:èD@If] c k? ?@c ^:> Se ~
^> T S I Dt E c B I S ^:u D? T ` AHLgEUÊicLiEUI8IKJv=> ? bXc _c I _Ì#AH> TBgI1J hI[AChE IVS ?@I Nu j^Hk\c Bg> J/T I#^HkDF>@_^^
EdI[^B/j:IKAHJ?@> kc ^
_EdÎKJ vV`Q
xACBix:9J Q ^> 0 T ^:I[? ? S ^ B b T
SI[?FDFD j` IKJ Y?@IVu YI[?BA c _Bg^v1?FB > T ` I D T ? BS I LD u `D T _wAH?@EUI[E=I[Li]iIKI[v?FD ` h>FI?@I[j
IV?D ~ `
kcBD? ^TSBic _>#ACÊs> B{ACT BD8I QI x:c B^xI B6 Q u uD 0LgT ÎVAC>? EdbEoT
I[LgS IVIKD@Bvj:IK^:> J/TBII Y:?ZT
^ A Sb c BBiBJ
` IV?@?h:IKI[JAHYBgIVu J>Z]gACACL{> BiT EUIVACID DZ` v> T?Fc ÔckI^:k[> >@Tv D òI[` ?@ ACI kBg>c JN D
>>u ]iT{T cIACD=Bg^ J
AHb I[DZDZv B_wI[c? k?Zc vf]D >S ACc _^:BgT BgJ v A`:bXbX_c ^> TT B{c _Bh TIc ^c D=cEdÎ[_BBg^_eII àe c bXDFc>@>Fc D8Ed>@QEIKJ LixIx c Byn{?@Q >^T L{) I#LgB/I[]?F?F^CN*I[*D@ I[I[c BgBik _w_uII c > uu ^C^Cc Dkk
_u >^:T eIye ]gc^:>FD@>@D@IKIVJD@v D c c^:B BT{^Hc kwDv#ACAHL{B
D@NOI[> BgT_wc IB`=Y c >c D1bXJ
cI[EdB Ec LiIKJ IA8> Tk>FII[kl? >K=c > E c Tj:IACbXDc LgD@I[I IVBc k
>ZACAHLij^CI[hBIwQ~ex:I[xB
x > Q c ^.BI8BJ> AHT ?@AH> >tc _weEUIVDAH`B bXbXT T I[^/Be> T A8I[NND@>@AHI8?@ACI E ]u AC?@I[B
]iN/AC?@^HI8kwJv1> kT Î?
u
u
e^CS k=IVD@> BOIKT v>8IÈ Ed?Fc I[Ôj>I^:bXe > T c DFIuI1c Bj ^c B BbXY T{Tcc ce _ B TgbXcc _> T >y^c D1> eT jI I[A8]{Nt >Z?@v[DFDF>@Q > IKAHxEx ^:gu?AyQ EdDZ^+Ab _wc I[?@> DFIKT >ZJvbXv AHT eAH?@If>@I[I[?^ h:_S I[I?>~
Eec eIVB L3` AI[h:>I[TB c I^Ck kc > BT AHAC> B
Nu > T b IyA8jN(c B{_YO^v=eD e T ACc >@EdE\D J
u IVAC]B(? c ^Ch*I I[TBgc _we IKvc BACYOÂ ?Zc J|BI[D@?>
u
k>@bXAH^c > kT ]I I[`?@?I[B{`h:Î[B?tB
^> ?1AAD@A^>@B ?@I8IVÀ]g_BTI[^:> I[?tc ? > `cA^BBJ|^:^?^CekXAIV> kD@T ?> Icc I[_1Bg_]{J? c? èc I[BD@I8^:>fv[?Q e AyxS exD@7 >1^Q >LiT 4II[I? EUcIw` > kTB> IV^:S ??B
AA ~
]xxS B Q c D T +IKJfT I[L
?FNIAAHjBc^B{> Y T `8I[c?k|>_T ^:I[eNeJ|^^#BB^:e>aAHjB IVI[b ] ^ bXS c Es> JTc LgBtI > T I Bc IK?oJ J S ^:>BN
I Q
jc DAC?F> D T T IAH]gDFI[AC>@Bi>FAEdIK` J> T ? IS Edj IcQ BYxx D T QAHEUEoW B LiI u A B_[IKACJDFI^^CB{k[Ivt> > T T ^ IS k>yDAC> BgT JI*Y > S{T cAHEd>>
k^C^C^:k#k\EGJA A ` ; ,
> ?ST A J
ACT >#?eA^HACkD BgT AAACEdDEc D LiT >IACN:>F~I ?klc ^c Y NOS T AR?>kk>^^:b EsEsJ J^H`~` AH^> Bg?=T J:AH ~>tS{> cT^C>Fc k#I?@>AA N:kT
^:S EsA JBgc D@J
`N
?FxAIKx J:D kcQ^:Es>@$XJ I[TÌ[^:B|AC?>~
u> IVT hII[BgBiv=AC> > S bX?@c I_I^Hkk^ > S T ?I~@AC^HBiJ:I[~DBic _|I>QN:k^:xEsx J*{ Q u IKu A$X_ TT I^Cko>ZAC> jT cIVBeY/v"^HjOkwB{vf^ ?@bX^
c^B{>FYD
ACACBiBiJJy^C^Ck*k#Ykl?Z? AHSD@c Do>1klk^?F?oêkIVIK>@J ?Fc I[BI[YtD ` _^ ^Hb k D b `^
2 ÂCJB kS^:?T ACA DuJ
DZI8A:__Es?ACc}?@ I8_ J c AHu EG>Fv ^t Li?@IKI v `
kBL
?FN^ê> DZT A:IA1_k? >8ec}Q AH_ x cB B9bXYQ T k)^:^? >F; ÔT?Z^:c A ej T bXe^T ?yAHACBgL
> A Nb` DF>@ACI[IKD=I[A:jB_ cT^B>"c YBY Y >@c h^TI[^:cBe L>@>Z`*^ A c c T{DyBc eI[]h?FÌV^BI ]ic >I[E T ?@c j>I[N I?
bX>ZAAHT j> T^:I[D@Dc II1k> Q]b ?@^x^Ch D@6c >D Q ACc ^:Ed)j
BDD> AH^HbX?@kcI1_D IIS ~ YOLgT AC^:A??@~S B_VD@AC>FeBIKI/J AC`B ^:D `*?T bXAC> TEdb Ei^ ^ B^c D1u >XI[>@DZLi?_ IA8S hEd I[I[BB
EdE IK>Zc vJBY/`
?@c ^
kAC^BgT >FJ ID
kS ?FB
^Lie^ S > BgT J I ^: ?I[EsDFJ(I[>@^HDfkk?FAHI[BI^> > T c I8I[J ?Se] ACBau _[Q AC>Fx >@OEdIn{Q ^Hk% ^:I > T bXI[?yT ê>IVcBgI[v D `S T ] I
bX_ S T ?F^ ?@IKJ>ZAHj> TI[DIA/Y SDFc EsEdA8>th^HI k` AA>T T^c ?FID@kZI Q ` x ^: ?x A/Q _V) AC?@j? cc ACBYY I bXbXT c ÊdE ] T S A8Bh:cI D T c B
I[D~
>b T{^c ?@IVEshJI[DACBiAJ/_[_wA8^k?Z>FJ I[c ?B{Y/J|IK>@AC^/> T/> T S I[BDFDIS ??@S]gEdAHI[D@D DòACLbXEdc IyEdELY
E cA DFc DKB/Q kx AC:egIQ ) c Bj > c TBc Y D
bXACL{T EUÎI[J|>@I[IVD ?@c Bg?@IVAHDE*k>@AH^ eYOI A ` c DB T AH> T EdE*IB> ^T > ?F` Î[BhII[B^Hk k^:W ?BgAfJ
?ZeA^:ACeBgJ I[B
c > e` B]gI[IVY:? EUc I8D T_>~
u >F^] S B c D T vy> T IeACB bXT ^3_^:ee c >@Dfh c ^:EUIVBg_IQ x 7 Q % I
7
bX^C*T I[^BgJ
_wÎV?e` e u ec >@^D=?@h I c ^:bXEUIVc Bg_@j:_IKItJe vyS > TDF>#ACBLiIA_w^J
BIkD ACc J|eI[IV?@IK? J` > AHT D1ACB> T IA b > T^:c ?@IDFk > `
AC;BgS J>>> TT ACAH>1B j T c BI Y bXbXT T^ ^c BK]g AHS ?Z?@J
I[^:D BuDtAC>B{T Î> T ]iI[I[?Z?@v ]ibXI[>Fc ?Z> ACT >FÂ ?yDF^C>ZkA8h c Q ÊdI[x BiO_{I Q
kj ? Sc c B{I[c Yt_@Bij
J
EdEdI[DN>Tc ]iY:]aÎ[p ?D=]ic DDZI[TAH?FI[j]gDI I[` >FAC?ZBBiAH^:>@J ?=^?Fkc ^D#Bg?=_ ^HS > k\T?Fh D Ic ^TDEdACAHI[j:>@BgI?@_I8I ^HJ*`
k\Q bXY:T?@x IKÔAH{>X_VQA E SS 4DF_I?@I I c>F` > I[T e?@?FIV^S??XD@k>=^:>FÂ ?
bX>ACc EdI[TE\D I[_w`
B ?@bXIKuAHT > > TI[S B/I[?FNI[J
DKI[AHQ DF?@>@IKx ? v
S T_>Qc Bgc ^$XJ
B I[bX?Fu cIK> _J T Iw?F~uLiIKc ACB^>F?FI[>BBT DZI1evk I[S> BT E I1eEde> A8bXNI[c B
_w>>IAC~^CjLikI ^>?FS TB]I _[c ?AHACD@?FJ >FeSI[DD~
u
u
A>@/hÂHDF]>@?@?Bg?FcÂ:kl>FIv IK_klc ^>B ?yb > I[^:T h eIc EsI[vtkBI[> IVcACDeBg^CJ I[kD ;`^ ?x A
T_ ceQAC> ACc W BgB{B(AHY/DK> ]T ?T I c cI I[?DFbX>@^ D Tb ` ^ BACuBgSJ|J IBgkJ
cI[B3I[Bg?1_wÎ D ?`XS J
_ I[c TB ?
DbX_ cc Ba?ZT _ ^Q S exAC7:]D@9 ]>QAC?FÔBg. A:_wI[_B{TDZIvyI[Dej c uA8EdbXEUND c >D@c TEsB3A8N e > T bXS I/?Zc >J|_[T I[A ^ ?@S ^S DFS> I/D T ^CcI[k1B
D >@c ? >IVc ACBOY > T>c v >^:`"`BbX_AH^:T BeI[> AHe T D@I[DZc ?>FAHDD@u D B{T c B Î
LgeIAHBg^BAI:J
p DI[vtI[]>FEdIKNA_ h:T I[IV?@? DF` IKJ A c_ BTc Es> JT I^?I8AHJBACD8ACQ Y:IKxJ 7{e6 Q AHB ; ` N^?j c AEdE c B{; YM?A AHT B ~
u
]ACxDF7S DZnLACQE DFc D _2 c EdB/NI[B>^T ?bXItD@TIKD@Es_w^/A8?@N:I[_>FI[^:EU? eN*c Bge c _ B/c S >X?@> AD#T J ACB{S >1ÊU>F_[YI[AC?@S{DFN I1c Ed> kbX`
S c bX?F> NT T I[?@> IK> T T_I ^ I[?c bXEUD c Th:S I[I]iD1^J
^CB^
kI[k D^:S > ?@c T >N
v~ Q
I[bX?@TD `c _ > T T I_VA j S c DFBIY>FD I[T ?@AC?FEdÊ? _[` A ACS BgD@JI>FA^k>@LgIV? Iyb eAC?ZAHJ|?@DjI8LgJAHBL
cN/D T ] Q S B xc 7:D T x eQ I[0 B
^:>FD?
L
ACeN û ABJ YXS eEU>FI[I[Ba?@N8v > T c IVDBg_[_A I S uD@kI8^JEdEd^ Ab e DZvc D c> B S `:?@ItbXT^Hkc _ >T T _IS _[>@AHD D@S >@IV]yD I[h:u hI[AHB?@Bg> T A:I v
?@e^
AH^B/>FDkAH^:Bg?@eJ/I[_[?@A EdSND@I[ADf_[_ > S T D@IIKJJ|I[^CD@k>F? Su D _S > _c ^T Bvy^C^C*kI[I[Bgh:_I[I[?@DN
`X> TbXc BT Yg^ Q D@x:IK7_w?@gI[Q >FEU) N
_u ^:^?B
h:Ed^ I[b?@DFI[I[DFD >ZvbXAHc e> T I[?AH_BI[ê> TI[B
I[>K?Q ex7AC7 BaQ p D ;"bXS >c kIA` eD T ACACB Ed` EXB]gÂ8>"NLgI> klT Î ?@I1 A?FD@_F>~
D@>_ ^:TS BgIVDFIK?@ACIJ L`
Edc IKDbXvyTB_[^^ A S u >@> D@?T
I ACS ` BDDFD vYT DF?FAH]gI[EdD@EIKD AHBc ^:j
^:BaD > Q bXc Bgc x> _ T7 S ?u Q A AHb%B
N^:I eY bXSACT Bic Ed^v*> ` klA^D J{?oc J
BiD@?@_^:I[I eDFD@c II[B Du ?FT{> IKc T A8e I ~
kbXe^c ?FI[kI[B
ID@>=^H> `kk^:^:AH?Z?#BvÂCA> >XJT >SI[T ?Ed>FIeI[?@_AC^^BSB DtgAHS >AI[_A Bg>FD_w$XIcu ?@D^H> ACk\T eA? c Y:` h:?Z^ I[A S?@T D >@ÀCD c BgD J|S A:IX*v[>Q I[T ? x:IX7u h> {T c Q EdItEGAH. ] Y*S I I[B`8? cc cBD BT YA ~
]^?F?@BgIVD@ACI[eB
>@I[D B
>@u >@Da^tACBiA Jtb J
^:?@eIVD@ACD Bi` v D `c >F?F>^c eBY ] bXc Bc Y > Tu bXT cI[> ?oTf^T BI[A?Zv Lg` IK>FJ^ S ` _ACTEdE c Bu > Y T T IVD@I[I?
AWk_>F^:DZBv=IAC?F>@I^ S _^:_ T BI[D Dc J
I[A ?FIKb J^:A:eJ AHS B Ed>@IVc B(?@^ SA D]A:Es_A>@_D I u Du bXACeTc Y:_ ?ZT A T ^ ACS BgY A:T v[>ZQ vfx:B7 ^:{> Q
u >F^LiI1>@`^ S _ T IKu JS vX^:T ?AHEdEU^ b D u ^B{I[D@bXI[E}c kT >@^LiS I1>@S ^ S _ T IKJ c BD S _ T
A/J
IKDF_]gEsAH^:?@>ZIKv J AHu >@EdÊ LiD IKv1_ AJ AS _EU>F>FDI[?@J
^ S^BD I8u v DZAHe> Y?A e T AHBg> AvVAHQ Ex_w7 ^BQ DFI[) B
>eACAH?FBI
bXu DTACêc Y:Da?ZBA ^:T >aACABgA:; v[?Z{A kT ^:e?>AHT BgI AbX^ S c hY I[T D1>^H>@^XkD AHS EUEoI[> T?IyJ
I8kÂC>S T ?k_VÂC?oD@A>FI[J DyS EdI[>FhI[I[?@BN
eLgACS ?D@J
>D ` ACeE b IVA8B N
bXDT Lg^ IT _[A8ACh:?FIXIk ]gS IVEdEd?N(k^:?@Y eS AHI8?ZJtJ
>I8T J*I Q c B x c > c9 AHQ >@^?F2 NtI[_BgI[J ?@IVc _[eAHBO^B
>FD N `
^CD@]ikaIKAACj c IKBJ Yc _=>F^DZA:e_? c}AH ?@_w? Ic I8` J ACBgb JyêAC?FIV> Bac DZQ AHBx D 6 AHQ ?@IX' BI[>^:>B]^?@êTACc LBc >@_IK^JfB
hkl?@IV^?@D@e I
bXJ
^/c > TDFÔ> v[T =I L bXS >c hTI[D=I ^CbXkoT ^^> T _I[^:?@D#BOh:AI[k?@>@DFI[I[? D T uI bXT c >ACT D=Lg> TI[IVI[Bekv ^ò?FcL B3c JDFJ
] I[c B >@Iu >F^C^ k
A? S Ed]I?@^ J
T^
c I[L Dtc > Bc ^^:B >` ACD ]{T ]ACEdEdN/E>@LgÎ > T BI IKbXJc h:Î[BD1I/^CD k#S Ah_AC>F?F^Bg?FADQ ACBgx J n{D Q c BY$XI[T?FDc D `
Bu bX^?c huIV^CDZkwv[v"k> ^:T ?^DFD I S _ bXT T êEIVc B3hItD@IV^:BgB Ju > > T T I I c ?c B
bX>F? cc hY IVS D IVDu >@^H^kwv1^:>> TT IIVc?@?1DZvy^ b ^:? B `
@>b_IV^:^?ZBge__^ IKIVS AHB ?@E DF`c BI^QY? x bX> T c x >I[TQe kD@I[I[I[eEd> h:TAHI[EdDI I` bXDFACEGTEdA8Ed^h:^ bI[DFD=IK>_jT?@I[IVIV]>@e>=EdN/L
>FN_^ ^^B
T Bh^:I IVEG?@J u D@eIV_D ?ACc bXD@e >FcI[c> ?ZBgT v AC` D E ACS cBg_ B
TJ ~
bXc BBc D@> I:>T QACB
klxI[>@EdeCNgAHQ D EUSIt%*AHI[I DZ?_bXI[_> T ^:c _^?@D ]i` h^D c?T^:ACEGAHE1AHEd>@E\] I[SLiDBIACc D_B TêeS B I[]gbXB
I[>8Edc EdEU#IKE c JLBSY>@>êA]gA A8c eN/J
I[ACARBB D@D ebXT ACTAHEdEd^ EE
I[eBKIVw^CBONO> `
DXc Ak bXu Tc c EdDE c B{_[AHY#D@e>FIA Lic J
IKI[vXBy> TD T ItAHDEUACEieB^:I >u D ACS D *T I[?#I[?@_D^:v[?@Q ]ix ^ ?7 ACQE*] 0 S ?@^:B ec D T A ~
eT I=A D c TJ
AHI[BEdEbXB^:T >a^>ZeAHjACIj:AHI[B
DN AJ
hBAHIBgC_L I[S DX> >FT Î[?A `CubXeT AH^1B_^^HSkwv ?F>@TDc YA T u eu _VAHACBD@>F^HIKkwv v `
Edx ^ :b Q u )_[AHD@u >FeIKv AH` B1EdI[^C>kwvTEdc^ eb ku ^:_V?ZAC_D@I>FIK>Fv ^bXE Tc h^1Ie_wÂCB j: I[DaB{IKEd^CJ h:Ic B >@^tT I[A? eT A ^ c S J|D@I[IB Q
T>u ^HT I kwIvbXB > T ST ^]I > ATc JACc Y J
E*T ?FklI[I[I[D@DFI DF> `*I[ucDk_[AHAyT D@I[>@e?I8voA kAHcD J
T> I[T AHB I[EdEO?1u D ^J
S BiI[*Dv=I[c ?F?IKI[ _wD S ÂCc?@>K]iE Q û _[x?ACAH:ED@>@] Q I8S v#;"B D S c T D > TACceEdkEI[]gACB
B
A8>KNN
e> b AH^B^H> k T T?@^c D S Y TBY:c I[B?@D@D^:EdD I[T BgAH_EdI1E*LgklÎ ?Zc_ Bc L{D@>EUNACB
_>@ÊdNB
>_ ACS e >Xc ^CBg AH>@` I[ACDXBgAJ eT I1A cD J
T I[ACB EdE `
]gu _VA8ACNtD@>FA IKv BbXI=T ^C^kgDJ
c I T
EUIVS DBiA J
?@bXIKJ c EdE u c ]gBACYtBieACDZA vVc Q J
xI[B{D Q T ) ACEdEeBAC^B >XuD ^CS kwvIVIK? >S T AHI E
T
ACu ^HeS kBg] > J
ST ?F>ItIKACJ ^C> c*u ^:]gI[BBgAHBg_^CI8ACk v[DQT{v c cx D B:^:BQ ?ZJ
Y) I[I[?F?=DJ>@` ACêL J
S D@I[>I[>FE I[D ?bXT TAHT EdcÊ#e]i]gkÂ8?@EdN3^:E SeA >FI[A1D B{?@u I[IAC]iBI[^H^:> kt> c T> > c I[b ^?B^ v
u
L?@JÊdAHIyJ*eQ ^CD@k IVx EOT e IV9 ? SQ uD@B>a;S LiS ]I >> c AAHBEGI8vb JtkÎ[>eI b ` AC^ ACB TOBgSbXJBgT ?FJ
ÎK?@_I8I]iJ c ^h:EdIE]gS AH>@>FI[BgI[B DACDu Av EsÀC]gJD T ACA8I[NfeD >D@TbXI[E=I#c > D J
T T ^ ACSAEdv~E
cACBBiD@J >ACLgB
I>@EdN eT AA8J|h:II >Fu^T IV? ?c J|T I IKuA> JT v?@^ D ST YA8Th:IKJ> T Î?#>F>^ b b ^ Bgv1 B^:YB3I[?FA/DtJ
_ ^S B{>1j^CI[ N
`Q
xu T I[6 ?tQ ^W kb A BgvbXIc klgI _` I[]EdEd?FI[^ BgS _wJI ` ^Hh k\c >^T EsACIt>FYI[D#?FIK> ACT >FIBI[J D@SD1>^HN k bXT I[T?c _ ?@T I[EsDAHT > cIhI[^ DXb ^:I[?D
>@J
^ ^:YT D I[?tc BEd^:A?Z]J Es` A> _T IIk?@j IKc BS YIVBOD T >FIKACJEdEL
_[NyA S eDFI ACB
T N
I[Q?1x >@^n{LgQ I' I[J
> I[h:T^ c eS ?FIK_VJ A S L
DFNI
>D TT IACEdeEo] ACSEdIo>1^CEd*Î[YBgD J
S I[Bi?"J
>@I[^#? Lic I=> ` L uS S ?@B
B
> >oc Es^v#B> AXT Iy?FIKD J:c ~BT BÎ[> ? c c?@D1^:BtL S Li?@IKBJ*IK:J > T u I[>FN^
J
A_VIK_AHS > TD@I8vVJ Q x bX c x > TQ c . BBAfA1NI8eAC?AH` B Ayu ^:J
Bg^ _S IKLv=EdI _^ B
B{h I c _u >@e I8J S `
D@>=bXLiT I^ c c BD iu cAC_wY
>@AIKcJBgvVv
I[>@IVh:?ZI[_B^ S > T
?@DFS I D bXu e c > ST D@>XA> T ?I AC> NOBAIAHLiBgIJJ
A^ S 1LACEdIKBiJJvACkE c^Q ? x u ?FCI[i]gQ I8AC)>@I8,
JSv J
c ?B
A ~
bXu hT AH^ ?@BgT A:ACv D ` Y c B
S >FACI[?Z?ZJ|_IK^ JtS ?@^:DF? I S bXB{c Y > ST AHA ?ZJ
b IK^J e` u AHD BtT AC^CEdk\ELiAI=> bX] Sc _wB Ic ~D LiT ÎK?FJ Bc Bt_[AH> D@T >FII
k]g^:AHEU?@Ed^> bXu ^Hc BYI[BieJ c ACBB{YOBvI[AH?ZvVBgm Jyc ACkXEdED T TIc D\b ]{?@AC^D ]iS I[B?F>Y NS ACc ?ZkgJ|D IKT J I `b T AHIDEdY ^S DFAHI[?ZDJ
> I8T J I `
I[Y h:S I[AC?@?ZN
J|> IKT{J c B{; Y ?A u I[T heIVB ACBgTAc DA1E c kAI8cv[DFQ NOAx D 7 T Q AHEUuE|0 k^:^??kIc B
c >>FI[AC?ZEd_E ^ TS c ?@DDF]I ?FbX^]ic >I[T ?@>NA
Â8ACklB{B >@ItI[AC? >D@TcDev[^ Q S ]DZx ? AHcD@Bg^:J Q BeWu k]gIVACABOBg>iAHklDZA^vc?D@ACNOA1BgAyNJI8^:ACLi??KItA
DA1#T A8D hT D IKTACJ >FAH? >@cbX? NOc cAN
> A1T T D AC> T TD1AHI _EdE^S B{Lg? BIc BI I Bc uÎK^CBJ k
bXx :h:c >I T Q TO;AHS BS Bg>J
S ?@I[BI8hJY IVS BuAC]i> ?ZT ACJ|I[BgIKDFJAHI#DZvt;> b ?AHÂ BgT`CJ ec k*> >ACT T BgIIVA N` ^HEdD I[T > I[AHBiT>@? Jc ce N
bXAc > ^:BT BIIA > ;>T T I?^ A =S T DZeA ACc BiD@ACN
BJ*A cQ
u B{T ^>y^BEdNSvY c S T AH?ZJ
IKJ c u L S ,|>S > T I bXc kI^Ck#S ACB3IVc e c BI[ B
>1eAHBgv `
DY?ACACDFEdE
DKQLgIXx :] Q B )D ; IK?JyA ET jeI=ACA BgA bXJ
T ?ZA^^:_[?\AC?FLiBgIXACLEdEdNy?FjOB
B{> ^ Bb D#A At?@Y IXS ^HACk?J
J
IK?@NJ
;u ]i?ZACA BgT AHeDZv[AC
B L c S AC> Y
TA cIBDDFT> ACT EdI[Ei? LgI1bXceEdE A` J
D TIXAC>FEdÊaLi]gA8I N BhIKIJ T
^S B{BiItJ
> ?@T IK^J S `DZc kAHBgT J I
77
TT IKAA:JJ_v ^:cBDyBÎ?Jc Â B c BbXIKJc > T klÂ?bXA c ;EdE c?B{A YtT e^BACI:BgQ A x uc {BQD@>F$ IKA^JBD ^CS k[?@vI _[u ^CAHk] c> >ZT AHI E
]c >ZS ACBEc ] D TS eB c DI[TB
e>8I[L B
S >8> Q u x e 9 I[BQ ' ^CkwI[v> ^T>c eT I[?BI[_Vh:ACI[D@>F?1I[D@DtEsA8D N/T ACA EdEa; D S?ZA *T I[e?t_[ACACBi]
A ~ `
>LgT AC^ B S c D Y T TDT S I _ TT A8AHhBI#_u ^:^Ce*I[e BgcJ
>FI[>@?IKv Jy` ACEdEdIKE A8hu ]ic B^YD@D c AHLEdEdE IKvTc _wD? c ]e?FÎ[D8]i
I[Ed?@I[>> N T{u c >Fe ^
Tj
Bc e^ b vXBAHBg^:J BIKu TACc?FD1> T Li>^|T J|ACN|Bv DFS EGA8B N T
c S B?@Yt>8Q A x; ?6A QT e4 AC^BgY:A{?@IKA1AH>@j I[c ?BY _w`? c > eT I[I ?FIc ~D
k^C^kX?FIj `c EdEe c BS Y/D@>yA B; ^?Z>A TI[h:eI[B-ACBi_A^:Q Bgx_I :c nh:Q I W c kB ATc DA e c DFNOc BgAJAC>]T ]{I?@Ô> A:T _ ^ T S I[Y DT A >
YA S u AHY ?ZS J
AHI8?ZJJ
I8kJI[ev=AHEdA Ic DF^HNOk#A > b T I^:e#ACD B T ` AC> >FT ? cIVNONALi_[ÂC> DFT >@I J
` IV^D@?I[?FhA/Iy> DT T I1AHDZ>@AH? ceN
AI
k] I[SBeBIyACc ^CD EdTIkeQ ^:Bx I[IyB
x>t> Q T AC^)D S c DZB; AH?ZBg> A TJ T Ieu ]g_[AHAHACBgD@BiIAyACDZ^HD v T kAHc ACk EdBE\T LiI S IB{T Y_AH^:S D eAHc ?ZB
]iJ
>@I[IKIVEdJ?ZEU_I8^J; S ?Z>F?@A ^DFT I ]gebXA8AHN/c Bg> TAA
YbXS c >AHT ?ZJ
vI8A J u uY kS I[eAH?ZACJ
EdI8I[JD1v ^C,
k[v1S J|> ?ZT AR^D@kII[e> b ACEd^ Itu A _[AC DFB>@I[IDv[^H"kk^:^B? Iyu >^CT *^ I[S BgDZJ AHc BgB{JY
xu ]gHBAHgIBgQ ^HACk0D^ D ? h:T I ACu c EdBOT
EX>FS LiI[Bg?ZI J
_w^ ?Fc BIKS Jg?FD@c I_u >F]gIKbXAHJBgc vy> ACT Df^vtBD ACT BAAHEUSEBkD AHY T EdS EGACvAH>@??Z^:cJ
NOBI8A JA^#?DA AT c DFACNO=>FA{? A c acNOD@L AN
S AA > Q
u
>; kT ?^:I A ?XT S > e?T c IfBACIBgDZACA u e^HbXkI#T A^H^/J
ACI[^:]BiB]{_jIK?@IVÔv1N|A:vA_ TÎ[? DD Tu ]gS AHA8B{>@N? Y c vXSN
AHAy> T?ZDJ
IyT IKAHDZJACEUEeklI[LgIeIf AHD BEUT IVIA8D Qh:uIKx^HJ k7 bX> Q T c > IK) T v
kI[BeD IKT J ACAHEd>@I ? chu N
^CI A#k*T
>^:ST ?BiIKvoJ
A ?@EdÎKc DFJb NOIVA u D@]i>u AC_Vu ACBg_[D@AHAH>FDZD@I[v[>FDZiI[v DZL` v S^` ?> ^B{A u klI^,
>?S T J
c ^ B
?S >@AI[Dk?ACI[_Bge^ JS ACQ ?FEdD@xI I ` {D bXT Q c AH>$XEdT ET vXLgAHAI >
kjACACDFc B{eDZA Y I[S ? c EUB`>FD BbX` ÂHT >@e^>D@A ACIc B/B>FD1^Y bS> T c BEUI >NE bc h^HÎVk?FDEsh J/B{c ^:^^HEdkI[> BgT, _c ACII j
k ` `?ACA BBi^/uJ/W BgABJJ
^/S?AEU_>Fv[^:I[Q e?@IVx e? ` {c B>FQ >@Î[$X?J
T ^CII~k
Dj S c B{]{Y]?@]gI[AHDFD?ZcACêB^ ^CS k#B
>>T D@^^CDFhI IV?@ I h:c YI B
c >B NT{AHceDy^:J
B^Y e Tc B c D1c ^:]iBI[D#I[?@DFDIK_ ACS Bi?FI[JDk>@AC^ eA I
c_ Bc AC>> cT B{I Y/b ]^? c?FI[EGDFJ> Q ` ACx BgJ{Q ACB3) ^ DZA:__c? ACc} > c _B{IVY/? ]bX? T c I[^ DF> k^:bX?@DZT AH^jI[kD^?FACDZACBj:I[^ D A ~
DZ_A:^_B
? >c}AC e _IVc ? Bg` AHu >@I8IKAJ _ T u LOLiNI c YB? YOc I[v"h:AC^ LS EdDtIX_>@^1? c e]iI[I[?Dklv ^` ?@ee S TDFc >#D IKb A:^_ ?FT jLgAHI BgJy BBIK^:J >
^> T BIVI ? `TOBS ^Bg?XJ
?@A I8bXJ c uk]gI ÀCB{BgÂH?XDZvVA#Q DFx ^BQD T 4 AHEUI E{c > LgT I1I[?t_[ACADF>e^H^:> T T IVI ? ` bXBT ^^?1_[AyACDFkA>@D ~
>D TT IVAHeEdELg^CI `* SBB{IKJ EUIVD@D D1c Y ST
c S Ed>BgNJ
?F^CIKkJ Au _]g? ACc BgeAHIDZvV_[Q A S x D c 9BQYW Edk^DF> D1bX^Cc _kI_[~LiAHD@^>F?@I B `
e> T I[IB^:J ?ZJ
c D@I[] ?FSD `>@IAACj ec B^:Y BYbXI8T A^_ T J
I[^:D > c T?FI[I[D ?T{_^:c DBg_^ I[b ?FBB c Bb YIVE> kTAC?@IIJ D S T >^ NS Es^CJ k
BD T ^^ > b u BT AH> D@T > I[c EdeNvJ J|S IKI _ cT J
^:I Bû ?bX`gT T ACI> D c T D^vS > EsTJ I `{bXEGA c >b T Q u > x T I6 ACQ DFD %c D@>A8ACh Bgc B_YI
^CA8k[k>Fv I[; ? b ?ZA ACT ?J
eDAH>@BgI8ACAD _ `VT ?@> DFT >I[D@e^
^>> TT IIXc ?> T J I[eS >N
L
Q NtY:x I[B
n{>@Q EdI )u DF]g; I[?ZI8A _ T T evAHAHBgBgJA
bXLg^ T S ^/?tJ
B^
IwI[|Dy>yBL ^S > >yc BO^hB{cI >@` I u T> T c Dt^ S BY IwT|>yvfLgBI^:c > Y T T Liu T^ IKS v ?b ACBg^:J?@> T T{N c Dfu B^Hk#I c Y> T T I ~
TI[B
^>@B{I[^ ?FS>ZA ?cv B{` IK>@J ^`=AMc DkI[E c D@AH> Lc hEdIACEX>@AC^> A bX TBc _ IT ^H> kb ÎVB{BOI>N e; AC?ZD A T T AeQ AHx Bg ACx DQ AC?F) I
,A S?@^:DF]>@? c c _ N
c Â S bXD=T klI[^/D@> J
c h:^
ItI[D? c B{>FI[^D>t` I[D B
T >FACI[Ed?@Ea>LiA cItB3eAA:hJ
cI1?@> >@S ^^ ]gS DA8N , T?@^c e>F? c NO> bXAc AH_I>
u>@>^/T >IT hIAHEj S c B{IYO^Hv[kwQ vx> T CIgQ e) IKAHE\LEACc BiBgJJ AeeAHB AH` D T AHARB ^Cc JkXc Y^^:> EG` J u A u AC_Dt? cA ]]{ EUBI8I v
bXT ^ e^ChIVD bXc > T > T I T I[Ed](^CktA Lg^
AC?J ` A eACBk S EdE=D@I[h:~
I[D TB
>ACNyEdE*NBIKÂH>X?@DLi^:ItEGJ_^` eAHBg]gJ IVEUT EdIKI JRbXL
T NÂC_B
^:N B
ku I[j ?FcDBLiYOI[v"B>@I ^ ]g>@D=A8N^B Ay, >?FA8â>@Q? c x NO AC7D `Q
'J cIVD@>>F?@> I[T DFD@I/IKJj c BeYAHB ACE` b ACA8B NOc DyB
k>@AC?FB
IKAC>X>ACBgj Jc BiAHJ
BEdN3ACAY:IK,J?F^^>F? ? cc BgNOAJ c` Y:AI[B
D >Xc _Fej3AC^:B ? `
Ax :eQ AHB)^Cbk ACTD c T Y I[T ?@eL c AC?@B3> TaD ` T ACACBgEdE J(b ACACB D T T ^:u >BT ^ I/S ?Z_ACEdL{^>EUIT I[eDAC^CB k Tu )c D?FNOI[eAvV~ Q
]D T Ed^CACNEdEgIV?@B{DZ^vy>=Y:?@I[I[B
> S>@Ed?@NB^> B(T IA _EdD@ê> T ÔI[^:D > Tu ^Ck\Li^:ÔBAH?ZI#J]iI[^C?Fk D@^, BiACv"EdekÂH?E cU> b T ^^^DFIJ u T ^CI k
>>ACTT B{I[?@ÎKe> A:T JQ I[v ?Zx `v :`D T B{QAHÊU)?Ei?@ACIVb Ed> EdSI8^ A8?Fb hB I[AH?u _BOEdu N
^bXLi> T T^^ J
b N T I ACc u Y D1L TS ?Fc IK>B_Y
>I vTc hI/^:I8BJ^ I#vtb ]gB{>FAHI[I[EsB?ZA1vy]ge>FAH^ ^:EGAH?@bID IKu T AH^CI?k
bX> b T I[ÊdhAI _>Fu ]gDAHJ Bgc *ACDI[v[?FQ I[B
x >@Ed{N/Q D 'T I[AC>EdEa> LiT IIf_wj ^c BeYy]i>ZI[AHEdEdjIKI1J^>@B{Î~]g> A8b N/I[B
A > c I[B> T Iy^C^Ckk
>>@TEdI[ACe> I[u B
AC>1e^C^ k#S >@B
^:>Edv EUDybXACT{Bgc _ JT J eS I[> Bc I[`:D b u I[ACEdBiE*JAv1_[ D@S j A c E}c kBOS >FE IKJ c B bXu c I[> D@T > c > eT I1AC> D@c I[B{>Y ~
>hT ACIE S hIyAHklE ^S ?tIIK^CA:k[_ vT AHDEUE=ACEdj IKcAHBgLJ
EdIDy^C_^k#eeeIV?Z^_ J T c AC>BiNOQJ c D@x I ` {eQ A8' N I[> > T IAHDj >c BT YI
u
Y^_^:?F? I[B IKu >J DZT _VIIAC>@Iw]iI|^]i> ?FT >@^DtI ?F>Y:bXÔ^CT ^k ^J
EdbXDIyT^C]c k _?@T^:bX]gT{cIVDZc ?@_v>T Nk^> ^C?FT kL Ic JjAMJ
c BI[>@?ZBY A:QJ
T I[AC ?D19v A9 bXQ eT ^%^BI^ ^:S ]gbX>t^:T ^CEd^N k
A8ACh>X^ ACc B J
Dc eA]_ ?@S ^:D@]g>FÎ[?"eR> ~ c T e^ I S ` D@Î ? u T^:?tI bXAT >F^yÊdeEsv `{AHTjII[DbXAT kÂCEdLDFI#S N
D@>DAC^:>FI[?1eD@I[I[EdB
EdD>
cu B3> T I[IB AHS ee^ I[S ?ZAHBO> >"c B^CYkJ u S T>c NDv Y:bXÔ^TJ
c _ DTv ` T D I1T AH>@? EUcEXIKLiJMI >@^y B{I[hIKJAJ
II:c QY T 9{>6 > Q c e' I[I[>D
e_u >^:T AHeI1?@j:I j I[`*c>ZB{bXAHYOLT{v Edc I\> T Y: I[^
?tu^|> >J|T T D II[`8N T?ZAHA8Y>@h I[^ c D=B`*YkT ^:^ u?ZJb v"S > EUEdT N^:Iv*B]Y_^:S >B?T D_ I[Tc J
N ACIVD@?@T IyIKA8J ACh:BgIbXJyLiT DIVI[ACBgI[EdB_I#I=^Hj> kI[T ]ACI[> EdN E`
>. T BgI _I u ]c ?FB ^Lg AHhLI1EdBIKvc Y T]{>F?@D^ ` ^>?#ACAHBi>XJ(> T > ItT I _Ed^:u ]D@I1?F^^CLgkAHIKLA:EdIK_ Tvk^ ^:S ?@>@>FEsB A8cN
Y QT > ` 9 EdI[n> Q
> T 9:Ix Q j ) c BEdYE b ] I S c YLT E c >F_DaEdN/ACBgD@JIV>@e>@EdIIKAH> D T S I?FI[]D*? e c _S I[DfD@>ikLiÎ?1J > ST EdI N#u eeACI[?F?Zj_ IKT J AH` B
AC>@BgDZvVJ Q
kêI[Bi?FAH_?@BaIN/p Dc ACBB u EdD Ôcu A:I[eJev ]^T >B
NAC>v=E}kT _[D=AACEd?FI[]g>#> AHD BgTT Ac ACe` EdE*AC?@LiBIIt~ACIegB ACc A:ee J
AHI#c B{Ea>FI#AC^Bg> ]gTJ A8I[NAe^:b Q"B^: I1e9 ]giAHACQ BBg) A ^:>`BAAI
>@IVS ?KACQo?F>@I[9:?"7 ^CQ k< A AHu?@]i>FD ACBgu EsA:Av J
` I[AHBiB v SbXB{c >EU^
T Ah:J
I[I8D@J1DFI[eEdDoAHk BtS EdÊ Bu ^CIw~kiT eAHE}I[kg?^C_ TkACA1Bg J S c DFAHIK?v~
Du T^HkACEd> ET LiIyIYe^
ÂJ
J
DZIov >F` ^#I[]geA8]N>>@N^h:EdE
I[ACD@>\DFI[AEdDtkI[AC?FBg?@NtJAe_[_wI[^B ?ZJ bXc B{c > YT ^>F^XS >X> T E SI=YhY
ACACE SYII
D@Li^:I#e]I1?F^>@]i? c}^ ?@I> cQ=^B9 IKJRQ >@0^y^> ?#T I1Ay]Ed^:EsA:B_YI[DX]gACACDFBgDZJRAHY> Itc e> T I[D8ItCLij
ÔBAC^ >b ~ T{> c T?FI1AC>e > STD@c D>
uD@?I8SAyEdI> T ?FI[I?FkI I[?Fc DZD=vfB>@^^ DFuI[]i>@>FACEUD@I8DJ ACY:u I[k?@DI cACY EdT^:>ZBv[YOQov > 9 T {IQ Lg;"AHS B>#j
AD1b^Ck^?ec h:ACI[B ?@D8bXT AC^ >
TT I[AH?FDe Lgc I[> IVc BB ]> T?@IVIyYklBgÂH?@BOIV>D@> >` b AC^ BiJ e; ^B
?A> TT De^:AC?BgAHeD ^:bX?@TI `^/AHACB?FIAHD@DZ>_SIV> J
c I[_ B
` >@AD
^C k19 > QT I+T I8AHJ>@AI[h:` I[D ?1T eAHEUE=A8NB^:Li>ILiJIAHeeACAY:J|IKIJ >@c ^B]gAyA8LiN ÔAH>@^:>#EUE#L
NAH>> T AMIkkI[A ?FS ?@N
Ed> Q
^C_^:kiEU> EdTIK_wI> Lic hÔI[AHEd>@N e` u I[IKB A:` _ >T T AH]g>aA8ND Tc BACYOEdEv LiTI=c DeD AT J|AHI\?@IY:Q=^
^| 9JLOQ N1$X> TTIc D#LiJ
ÔIKAH_ >@c eD c Î[BB
c_[B(AHD@DIS>c >@T D Iu LiLÔ?FAC^ >FS eY T I[>ZBvACL
?FNI_]gS ACEdDF]gD@AHI[BLY:EdN/I[?@BD I[Y:u T E c ^Y:EsI[J
B
D>tY^^
B ^J3> T ^:I Bb EdNAHv >@I[c ?8B
cYB/^J
> TD ` IB_[^ AHD@IBIX^Hk_[AHu BAHBLiI A_[u _c B c J|gI[c B
_>@>ZI8vtJy_[Â BtS D@> I8T J I[eLON vVQ*u > T 68I9 Q bXu c$XEUET ^CI=k[j v#c B> T YOI v
DhT AC^>FIXS Es> JT IX^?EsAHJ
BgI[?J ` Ay^:=?\A>F^tc D@N
>@IVAtBg>FJ^_[>@AC?Z>FA:>@J
EdI I ` ` AC>@Bg^JyEdI[A Bi,
JS eJ
?Z^:A1B>FI[^1N ` D@>FI[^?Fh_ I#S > Ed>T c I ~
7
>_bXêc _I]g~ACLgDF^:D c?@^BBi_[ACAH>@IVD@>FEUNI[D1D S ]{6]g6 ^:Q ?@u>o, Lg^^:e> TI bA#IKACD EdT> T ACN>@?v c NO; A1?ZA ACT BgeJfAHA#Bg=AyA Dc D@T N
AHA EdE `
c^kB > Tb I[^N3?@j AC?Fu IbXTJ c c _ DFT/>@?@IVc DXD@D@D I8S{Jc >klAC^L?EdI1AklÊ c ?Zhv=IVE> cdT T I ^
c ^? J u `_[ACIVDFe>@I[]DEdv[^CQN c B6 YnQ > T ;"I[S e >
e>A T AH;I jc ?? I[A D TbXcecB EdcEXAC> BgcJ
ACA ^>FIKbX> J T T Iu ^ e` b IVLi^BIK?F_[^CjA kaS ^C> D@kT I IKDFvTEsA8I> hbXI[c cD1D _` Iw]g~D ^ LiT b ÂCI[?FEdEXB?k LgS u _[IE ÀHD@^ >@BS IVIK>1DZJv#^HAHkL
YONY:A ?@c I[> B{IKT D@J I >
jLgc^ B{S YY T D c>= ^T
? S S BgB
J|Lg?@^ IKS J Y T u ]g> `
ACBgT AHI1DZevVQA8N 6K_x ^Qe;"]gI[S Ei>>@Â J
,
^S J
DF?I[A?@h òc bXEdI T b I[> ^T ?FI[j*?
kLgÎ? >T T I I b D@AHEsA8Dh_I?FIK^CACk>FIKA J ; L
?NA T> T eI AC, BgI[A{E}ksQ-~I c6 DFi>@QI[B
> )u , ,
hS A8J
NO?ACA e` L > TOT S^ SvY >FT^
I[> SeJ|AHIBg*_ D c c ]gBgAH_w>@IIKJ> T L
AHN > cTD c Dtc B{eBgACAC>FDFI >@I[c ? B àcTDtc e B^:`>tbX?@T IV^/EUI8AC_[AHD@I8BJ DFkI[?F> ^Tec eD@I[k?F?@h I[c I ~
kbX?@^:T e^ c cDX>Z eA:J
6K7IQ A$X_[T AHI[]?F> Ic h:AHI ?@ItS BgDFJ
EGA8I[h:?1I[D#Ay^HD@>ZkAHD@BgI[Jh:AHI[B/?ZJ j ìc T BgI J
D bX` T u h^cdDFI[Qrv ?@h:T I[ID
kc D^? LiT{^ Sc D1Y TJ>A c AHEdNBgJ klÔT Î J `{bXT T I ^ bXc D=T Y ^ c hc D#IVB Li`
^T ?@IB bXc BT ^ > T c ID Tc B ^ T S I[DF? I c `*>@I8T JI klbX?@^T e ^
>@AC^ Bg6 _wT I[Q A8D@)-h:>FÎ1?@bXBD c`^kAHI ]Bg` ?@JAf^:]gTD@ÎVI B ?@bX>` N*T AC^Bg> JTc DoI A1I[bBDFEGDFIKA8EsACA8h:EdhI> IKT` Jf> bXT L
I[TN D@c It_ b T > A8T N1> ?@T IV^HIVIkgN] AHI8S?@ACItB ?@c BJ
D IKT c_weD EGAHI[u ?@AB
IK_F>8J ~ Q
ek ^S?A8c `N/?@IKACJDo_^:v> B Tk^: AC? J
> TI[u B
cDFeEs>FA8EUN h>FIK^ D@voI bX_[cUAHT IB ê> T T A8I> hT I=YI[^
NtB^^1LiJ
]I[DtEd?@^^:^HB]gk YiIVu Qa?@T> cN DZ6 `v TQ,|c Do)S eJ
; ?ZAHA ?ZD@A >Fu TI[D@?oeEsA8eh:AHIKBgA8v[NA
>Z_AH^jeI ]gTIVcEXDt]iA ^c DFD@D@N
I[ACDFDD c ÂCBBgD8J Q/,| S 6 J
?ZQ Au >@$X^T I]gI[j ?kc B^?FYOevD T> T ^ I S EsbJ^_[?@AHj ?@Iuk ]S ?FEUEdIN ~
DZ> T_? I c c Lg?yIKJJ{Sv"> kc Î[?D ` > T > TI[eIVN Ckb ^:^ ? S c kaEsJ/> T > IVT D@?@I1^ b > b >^ T{uc _[D AHuD@bX>@IVT DZ^:vXEUDI8bv IVb ?@h^:I8?@EsJJ kl?@c B
^>@e ^
^C_u >^k T B|TIk c S D _D ^S c ^:EdBgEdBaIKJ
_QaIV> ?@ c >Z^6 AHB {j Q c ^CB{' kwYvI[D > T`
TT{c D1c c eD=?@IVLihJIKI[A ACB c DFEdS >@ND#I[DEd^H^
kaAC^BiLjSJ A8?k>J
>FT I[I[I?XB ` > J T ACc DFIBgL J_S ^_[?@eDFACI[?F]e? Edc I[ACIV>Y:BOc I[>F^:DD B ``
T>@^1c DAe _w^c BBgIV_DE S AHD Bgc ^J BaTQoc DACEd>FE?@> IKT AHIXD S EdI[?FNOYOQ"AHE
OL n S 9 D Q c B) IVD@j Dc BI[BY S bXeT I[^f?ZAH> T
>@IKS JyD=ACLLi? c^CBhY:I D `
ACBgJR?@I[e^ChI[D#AHEdEgD c B ` ?@I8A_ T I[WD > T I T{c Y T I[DF>XD@>ZAH>@I u ^HkLE c DFDZvVQ
ALgCBgI J S 6 T{B Q cc W*D>@IKbXbXJMc c EdklÊCI ?#BbX^ DFbI[T ]g^t]AHj?F?ZÎVACI[]i>F]IK^ J*S >FQ1Bg^Jn> QXT > TI#q1I=]gA8I[AHN>@> IVTAH?@BgBg^HJAHk\EOBJ EsScA Y b>T N D> `kbXb ^T?aÎVeA > TOT ACSI[B?=D@Lge > AHT S BgI[D@NJ >
LgE c IIVDZv j` I[]AH> BgJ c B`=c J|kI[> ]gT IVI[BgNJ
I[ACBg>@>_wAI3_ T L
N3> T > IVT eI/D@eIVEUh:AHEdI[I[DD >Fu^^HkwD@vyI[B{> DT S I AHc ? E#I[u kBKACwe ^CNc ~~
keu ACT >I[IVT B
?ZI[v>F?D c ` B]{> ?@TN:Î[^ >FNIKS _> >FeTaD ` S u ACD@T >1BgI[J ?ZLiv IT c I[Bj?#I[_ ]DFT{^> c BEsJS D1TBg]ÔJ
?FÎ[^?fJ >F`:IK^_T B> I[I? pu DT T
IV_wS ?Z^DFv B
Lgc>@ACB/?FBi^JyÊQEs]Jx?@^:ACQ Y:>@IKI% _*I[>FAD?
bc Dt^:> eT IRAHB kACc >D1T BI[I[? hbXIV? T ^/ >Y kc ^h:?I[Dtc BgBJ
^:I[> ]iI[u T{Bgc J
DIVBgJ_A IS QY T i>@QIV? c I[B]?@eI T AHI[?@B? c D AHc L{YIKEUI v
ACAC>y]]{> ?@T ÔIA:_ ]T ?@I[^:D1]gBI[?^> > c u eTc I:D bX?FI[c k]I ?FI c TBI[JBSD c ILEdDFI IKACc DFDy^Bg> T v I` AHT
BgS JDFLg?@ACI[Bi]J?FI T bXI[T B|^ ~
DT c I[L? EdI T
Sc DtD@Li> ACT BgIJ D@^:T B ACD1bXJ T c ÎKJ*J
Q ^
7 I[DQ +B{^^>ye]IV?@B^:>@e IK_S > D@>#T{c ]iDfACe?@> ^c _ > S T EsI[AC??FEUANk>@LgIVI ?
YeS A8AHN#?ZJ
AHI8]J]gI8AHACYO?ZA vVc 8B{kD@^:>X? `CI[ch kc E> T c BgIVN_E cACBg?FAHI> Bc ^^:B>aD Y `
S T AC^ ?b J
IKI[JhI[` ?> T >@I[? NcibXc B{c Y EdECLu > ? T c B{I[NY
D@J ^:S ?@>?@N^ b ^CkÂHBEUEa> _Vb AC^tD@>FkI[ACD e ` I[c E h:c I[I[DKB Qb QIKAC< j ^T
B{SD c D@J
LiI[AC? Bgc B{J
YD > u T e AHS >XD@> >T v=I D@>@T{? cc Y hTItI[>FDF^ >
Y]S?@IVAHD@?ZI[J?Fh> I[T D I cu ? > T bXIc h] I[S D8? Q#c >NyQ ^C% k[v I T{bXc D"T ^C^*_VD@AC]?@? Iwc B{k S Y Ed` EdNh c Y?F>S S AC^ ?ZSJ|DD _T^:c BgD J bXS c _kI> ``
TcQ DX$XkACT e I c T
EdN S `DFTLgcACeBgJD@I[` E}k A8` k>FACI[Bg?tJ _^T{Bic D _I[u ]e> IKc ^:ACBBDL
^CN kTA:c _[D bXScc ?kIc B` Y
LgvXI8e_ÎVe? c I[>KD Q
TTACB^
I[?8Î[QtJe^HLQ k?F) NA ^tD1bXAC> c BgklT I JIyu ceY
DA8AHLiNOEUÂ:I ?Fv cB` D#> ACT>@^Y
AHA > bXc BT T I ^C^:kec D=T LiI[A ?K^|bX?@Bkc ^kI?=u Y
> _A8T EdNOIKAHACA8> >Fh:IKc I[Dv=D >` ACT I[YOIh:A I[c bXBBc kL
DFIN^ ~
kc6KDS 9 Ed> QEdT N4 I#Y ^D@S ^:eACB ?ZACJ bXBTT_[^c DACeB/bXD c_Tk^:I Ie`{Lc ]B? Edc I[B^:>FY:?ZI[J
DEdNIVkl?#^Y ?@>@S > ÂHT ?Zj::J I[EUIVI[b > ] ^TT{ec ec DXI[B^H> TL
I[DFNR?@]Iw? kkc^^B??FY_II] _VSACL ?@?@S IwI>~ Q
>c BT YOI[vN/I_[AC]gB/I8J Lic ItI[B
Y >@S DKACm ?6J
6 IKQ J' L
I[N>a> > T T I Itu I[T
eS D@]LiEd^CACN
BgeJvI[I[B
e>^H]k\Ed^C> N T ITc uD k^:u bXEdEU^ c kb IKv~
cc BBY > T u ItIVh_I[^?FEdNOEdIK> _T> c cB^:YOBvAH_BgEdJIKAHIB `]icI[B BgJ u c > > T S I?@Itk S ^HE k TEdec D IVb BO>yI8AC^CEd>k[Tav`
?Fc I[BE c jY I[c ^ I[S]|D~
>@TJ IVS^ ?#S> c>D@I[TI D I `
S c TBgB^J|>SI[T ?#D@I1I >FT ?]^S ?@EsDFIVJ > ]gb SAC^:?>@?@ACIV> B> T c D ^:Nc BEdDKACQ ^CBgk J6 T{n^cQ D"Li+ kIK^
J ^^c eI[J B
` I[>XACB DFBg` I[J _?@^hc BAHBBOEd>FBÔD IK^:` J j ACc ?@c B{BIfYB> AT ^ksI>~
u
Yc Bb S Y I[ACEd?ZuEsJv=DF] Y ^Cc S? h:c AHI[> ??ZS J
^ >I8S T J*D1I[eE L c SDFI[S >#Ed^:h> ?ZI[T v D ^` ` D@ACI ACDF?FD@bXI^T _ b cÂCI[> ^CEdc EXkoB{>YY T S bXI AHc ?Zc?>J
T^ IKbJbXQBMc _FA:j6K_[IKx _JQ-^:?Z]iqJI[?^j:c ]I[BEdI[j:I ] ~ `
D@u IVAH]g> ACS ?ACB{> D@c IK^:AHBD@^kBi?FÂCezLEdI > T T I ^ T
S S ?FDZD@Lgv ` AHBgAHJ Bg`J-?ACJ eb LI[EdE Ec cBBYY AHcLB?@^
Â> J T ` I[D@?EdI[eIV] I[c BaBp Y D
T+ ^ ^S eD@I[I[D B3` AHJ
?@Î/B> T^>I/_[D AHc ?@I_[klA ^S ?D@I[LiD/IKA^HS kt>>N T ` I/B^? S? c B(c D^C> k T I b c ?^:eAC>@I[>FBI[QB
> c 6 îB Q
> T I[IKN/J1Y^:cBh:IACY:> IT I[u e> TDFc I[BEdhj I[c BD1YO>Fv ^` p> u T W >I c TD*ACI[BBg^J|SD@^Y eT It> T ACACBg>ZJv T >@I^c D\> T AI eS AHY:BEdNO` Qp
L_6K^:7EdI=eQ >@$XI#I[eT J ?@c ]g^D@EdI[S ^C? Y N
` T AC> E
T > >@?@T ^^ I bS c ?=Y ACT?]gJ
AC> DDFT D >I c T c^?oIBRcBg? kAH^TO> ?SS e?D@ACLgI[E AHB TBg` IKJ
>AHD T ?@`
>@?FT Ed^ I[^ S DFb YD@BTI[h:IV>D@I[TD ?X` I _[c> ?ACT ?FeIVINtk S S Lg>ZEdEdIwA8N ~~
>J T c D@I[]iNêD c > A8c N1^B Li`
IXbXY T{S c AH_ ?ZT J
IK> TJ I c B' ^> T?Jc D ^Hu kb _^:?F?@IKEsACJ> v[S Q ?@6IV{DQ\EsAc JB^ c bXBc >BT Y1I[e> T I ACc ?>
>S T ^ I#S D@_Ed?@NtIKAHI>c I[^?FB > ` T{>@c^1eLgD@II[E}D kgS >F_ ^tTaY ` S u IVACh?ZI[Jy?FN|> T v"I[ee AHQ Bt6 D {T Q ^ u S +EsJyT eI[B^:D@_>?FIKD@AC>@?F> cI[BB
Y ~
>> TT I[I ec ?Zvv DF2 IKACAC>B S ACBgACJEdEdû>F^C>@IKk[vyJy^>F^ ?FBgb ACêeI[B
I[B> ù cAteEd^C] h:S IX?@I/^CkaJ
> IVT D Ic ?@c I[?Zv"D `#LgbIKJ ?ÀC> u Ta^Ck `
Ju Dc AD T_?ÂCBeI[DFI[>B
N >Z` ACeEsvAC? E c c >F_I I ` u cACDoBi]gJI[Lg?kA:^J?Fe_ÎKBgJ{J v S bX_c >K> Q T 6 DZ{AQ _w?@0 IK^JR? >@b I^>@eD Ì[B> T
BS ^ D
>ACT BiIXJEGAJ|bI[D@>c Doc > D@S IV>@>@If>@Ed^CIKkJu > b T Îtej
I[BB ^ b u bXEdIKT J
^Y:IAH?@^HIKkwvov=J
IVD@I8> J c c> _#S >@>FII^C>@kgD DF` >@u?@ACIV?FBIY> AHT D
c e] S :?@IAH:DZv":kAHEd:D@IT :^
^J:Cu c >@D@IVEk[v ` > T AH> c D#A IKJ? S EdIQ
A>@C? EdSDF^ IX6 {Jc B3Qc D@]i> ) T ^BgID c J> c ^:>@IKB^ J{ACu > D^CT`"k c Dyb c B3Îe*ÎK?I[_J
Bg>I[v[?yeT >@ACÎ8B
ACuN/? eu DBACA^ j_b I8?FIKv>J(Tk S ^>@EdD@IwEdI=N/|>F>@j
DIwB|AC^>F?FDb IbXB3D TS > c BT_ TYI
?@YIw^ kc I[B?=Y#>@ACÔDFv>@>?ZTA8NtIXIAHBg] J c AHS > B
c kÂ Byc > ^CT kak S > TE ` I _c ?^Bgu D_wcI Bc hDZvVIKQJ n c EU9 E cQ=_ pc W>akJ
eI[D N1c ?@eI[D ^` > eT I[A8? N `
e>@Iw|N>8kQ\AC>n T 6 I[Q ?W j:kI[A I[b]^> eT ACAC>BDF>I[TIKcJBj
k?@D ^:c eB T eI[I? ` T p8IK> TAC?FAC>o> ^Cc DkAH> TBOIXN
> DZT_wc? Bc ]YX> > S T ?ZAHAC> E
bJ
IK^ _wS EGAHEsJ?@IK]gJ A cu B>F^T LgI[?ITOAS eD@LgIKAHACBgBJ D=` kl>^T ?ZIv_u ÂHeLg^C]h:EdII[~>@eIVEUI[NB
?@> I[c ^:eB^CIKh Jc B{>@IYD >S v _ c T D
cbXB c > TtJ
IVbXE c T>N
^Q-en:A nb Q ^:e+AHT B AH>@c DI[h:S I[B ?c >@LgIKJyI/A> _VT _I^? J S c BACEY1c > >@c ^#I[D> T ^CIXktEs> A T btI/` DeS AH_ TB
^S_IKACAHE cBa> Qc I[Don I[x h:Q I[B) D j
T D IT ACAHeD@D SAHeEsA I[` D A ` E b c jÎXeA1AC? Bc h:^CI[?k#u> ST BI/c >@EdIK^ J{b v I[D@bX>yc > L T c ?@> > T TaI `
Li>@^ I c B2 Y ACBgS JB AHc >@]gIKACJ EsA >F`^LiIKAH_[ACD ceD T I > T b A/^:?@AC> BiT J N, ^CACk ?ACT B^YB{c^ ` S u ?8LiQ-I c BnCiY Q S B$Xc T>@I8I[JDFI v
7
cT
ACB3BgS JD@> LgT{ÂHc >DBgT J
b I[D8?1^Q ?FklEsI[JeL
AHNEUIVD#> T ^CIkXEd?F^ I[b D@]iIKL _c ?F> >c h:T IT Y:A8^
h^|IJAH>@ >ZS A ACc BE c IK> Jc I[DyI[e ^Cktc B> I[T BiI _c I?
n 7 :Q $X:T
S :D :T ACD:LiCI[I[:B J
IK_EsAH?@IKJ> T II[h:I[?] S ?FI]i^] S EsAH?
SACBgDZAHJ YbXI c uklbXI TT c IK_ TAC? ?@u IVB{Y IS Es>ZACvo>FI[> DyT IX> T EsAIb ?FD\I[Es_AC^:> Bgc ^:_BI[?FDZB v1c BLiYI[> _b TI[c I[EsJ
B ?@I[TOB S D@bXLgTAHc Bg_ TJ
ACn?F{IXQ > ; T I[I1> b_[A IVS I[DFB I1bX^Ckc h:T I[ACD ]u ] DFc>@B{? c I[N
D@AD T c vBbX> TT c ^D b u AH^:?@?@IEsJJ
IVAHD@Bg> Jc BA8I8klJ>@vI[?X>@^J
IKLiAHIK> ACT ? Q
bY_ T^^:c J?@EGJ|DJ
T?@IVI[cD@]BD@IV`
AHDtbXBg^CJT k=^c k?F^D@?ZIKA?F>_J SS c B{AH?@Iy>@I I eu u D@> ?ACT c B
N
I NyAc ?TaLv`*EdJ I[bXD@b D T I[c BÊdE Yc ?FBD I[Y:`D DbXc J
` T I8AH^vBgJfcAHB/?@LgI I[> T>b b I ^:I[?@T I[> ^BT S N> D@T I[^CID k
u
]> ^HT ?@kÎJ eJ{S A IV_c Bg> EdcN/v ^` BE >c klT ^HII[k?F^H_I kTecc DEsJ
I[B?FB I[^` B u`J ^Cc> kXT I[> I?FT I[I[B BgD@S I_?@I > eS bX?@AHIT >@>FAH^CI[>@k#?@D@D^
> v I[T h:^b I[DF^:?KIeQLgAHn^:B {?@B Q c Dt` $XAHh BgcT DJ I~
c^LBEdN3?@I[>E cT Y Ic ^ _[S A DXS ? D@c I:>@QI[D ` nk{A Qc > T . k S *E*D@D@]I[? ?Fc h Bc Y _Ì `gu T{> T c Y IT I[J DFS >#I_^]iBKI[ ?S k^YO?FAHeE TACBiAC]
_I~
]J
cI[B]iI[I[DFBgDJyAH^:BgBtJ ^T BI8I:A8p hD I[bXBcEdklNILACEdE ^c D@B{DIkQ\^:n:?#> Q T ,|IT AHI BgbX_I[T DF^ >@^` ?F_D^B
AC>@Bi?FJÊdE^c BBIVY D@TI[E}I[k ? `
>T T I[^?tS EdY^:T ?ZJ>FD ` ` J D@]ib I[I[IKEd_EUD Ta` bXACc Bg> TJ1A:T{_c e>@D ` uh Ac k^:>@EsI[AC?>@IVJ
D*IKBAH^> >T vT I[c ?\B J T S IK>A8N1h>@I[^ B b ` ACAH?ZBgJ|J D
cDZBA:J > T Th c Dc v b x^9 ?FQ EGJ ;"cS D>1_[klAHÊU?EdIKJ J c DFL
Ed^CN NOAC> TEd>INh >@c^ ?F> T S I[^ ? S DT
S AD@LikAACcBg> J T k AS E bXu cbXklI c kIc D `
c]_BI[S BB> D T c S D I T?@I8eb JÎ[eAHB
e>=L^C^^Ck B{kTYAXI[e?X[AI[D c_FB Baj` AHQ AHEaBgACJ BgJu c B >F^T ?FeIV?I[B{B
I>@I8J>#EL
c N/kIKv=J cD D@T I8I ACD@c IVD#D Li` ^> T?FB I
x6 ::'*c ::u :Cb : T bXc T c S c `
DZJAHA8E NS v1>ZACACQ?FBgNJ >@^/> D@T >FACI[IEdB EoAHeBgB_ I[c^ BI[B
`g>tvybXY>@T{^?Fc IK_ ACT> >fI> DZT ACkIyY:^:I[EUh EdD c^ ?@T> S A8B^hYSI D T uÎV^HEGEdkJN> _wJ T ÎyDBg_ _]IV?@D@?@I[D B DFI[c^BB
B Y >
eu ^HkAHEUAI1^Hb ^DFe]? ACc BgBvYiQ LiI[x Edn^BQ Y:$XDtT >@IV^N > uT ACIEdEsEUv#^:D?ZA8J N/` L > TS AC> >tbX> c T > IT e?FI[AHD@]iEUI IK_c DF>D S >FÎ
>kI[T ?8I
D@u êeIKI#ACB _[c ACBEdYEi> ^CT k#I> LgT IVIYI[>F>FI[>@?@I[e? vtu ^CEdka^:?Z> JT It> T_ TIc EG?FJyI[h> I8T ACI1EdIKEd^J?ZJ{>@Iv ` >F^D> T J I[c ?@ksD ~
JDZ
A:IK__?@EsIKAHJ?@I >Fu?Z>AT J ACc >> c ^c >Bc > DZT vfI > T b Iê^ b ACB{B I[c?D^CJ
k1I8>_TEsACI?@I8D@J(^ c E>@Q ^ x:Lgx IQ > T ; INDF>^ T c E I `
>_TÎ?F]ge^:?@AHIKB AHEac DLiJ
I cI8B_YEsACD ?@I8u >JACj>@^yIVDLi]{I#EG>A:T _I#IKvD@IV> IKT J*?F^ S > TY TI#]{> T?@Î J S S B _c> ^:c ^BB^C^Ckk\> AHT EdI E
D@J ^ c D@c E> c bXB{Y c > ST c D >T T IKIJ ` D@I[ACIKBiJJ Q c Bx gDFQêW BIDF> ^T eI bI^_[eACDFLI[Dy^Hk\> T > IT I#DFI[klIKI[JeAHc D1EUI:eL ^:S ?@I>
bX>@I[T IVeI[BIKJ*LiQ ^> xT 7 Q AC.?@IBIK_ ^:S eACE ]g` AH> ? T c BI Yy^C> *T D@Iy]{?D@cIVBIKYJcAHDBgJe>^T D@>ItT?@I8c Y_I[T ]EUN>AIV_EdDI ~
u ^Hk> T T I#DFI[IKJv ` c > T IXD@I[IKJ c DJ
I8_EsAC?@I8J>@c ^fLgIc e^?FI c e]g^:?@>ZAHB
T >K
k_ ^T ?AC?> A_I>FI[^H? c D@DF> ]c ?_D1B^CYk^C> k#T IfACEdD@E\I[_wIK?@JIKQAH>@x IKJQ Lg+I T BAHY:>@D I[h:D1I[? eu ACj ?@c Bgj:IKJJ^L
BND@I[> IKJ I
c> DT AHDF^>ab DACB ec IoB3j A c Bg J I[` EseJ ` AH]?@j:?FI[IK]gJ ACbX?FIKc > J T c > B3T IJ ]iS IKI_ DFS IKE ACc ACDF?o^B S` ACu EAc > ]{c I[EGDAHB
^Ck>Zv> T ^CI k
D@> I[T I8I=J ]` ? D@c ]{e? I[c BhYACDE b S ^] ec L1B ^Hc >KkQ _?@x I8ACQ>@I8$XJyTLgc IDc BI8ACY:?@DK> CTaL `*S c >oBg> J
T IVI=IKJ D@I[`*I8c JDJ
_VACI[hEdEdIVIKEJ ~
^x ]{DXQ B{W B^> > c TB c D c >Fb D#^:J
?@I[Esh:J I[EdD@ÎV]IKeJ
DyI[B
^C>kAHJ BOc *NI[]?@I[?@B
^:>y]gIVj ?@c > Bic I[J
D1D ` ^HD@k^ > b T B3I b AH>t^:e> T LaI Q
]u IK?@A:^:_ ]gT IVv#?A:> _[c e_Î ?J c c BBY> T >@I^ Esc AC>@DXBgJ j `c BgI[J*hQ I[B x {c QB$X^T BItI ? c _I[I EsJ u ` _VAC_wÊdEdeIKJIyvXklh
^? ?@cU> T{T c
ACBgJ u > T AC>_[AHEUEdIKJ{v1DZAHE c` e S J
YOA~LiIKACB{D ` DFI[DZAHe S e ` eACD T A8~
Li_^:IK?ZACJ Bc D B` Y/Lg>FAC^?FEUIV> NT Ì c EU?yIVI[D@j

I[D I8` J*AHQBgJ9 D Q S Y
$XACT ?~@AH_[>1AH^BBI I` u u AC]EdEsEsv=ACB
D@>]v#? c D B{T Y ^ S S EG]/J ALi_ZI ~
D@D@ÎVIKb J Byc ACDfBgD@Jy^ bACBB ^:` > Tu AIV?\]LiEsACI=B
]>t?@^^HJkwv1S _w> IKT JAC>y_VACj Bc BBi^:J > I[T hACI[]B(]iI[_Baê bXI[TD1AHk>@^:I[?@h:> TI[? Q
bX6 T Q ^t4j
BI[^hbI[?yD=> > T T I[I#?@IklIK^J{?@IAtACe BgS J DF>c >FDA) ]B? S YOJ
AHI[DB
AC> BgJb I[J|EdI[E}~D >Fc ?Z?@AIVDXc BEUI8^:J BYteE cACkB I ``
_u e^ T ACAC>FL >@I[c > ?v bX` c > > T T ^:D@ACIB{Â> _[T I[S ?KAp D c B
bX>FIKc klJ IQbXOc > n{T Q > +T Ic > T]iAC?FD@I[>D@]i?FIKIK__c>>@I>@^/DF^> eTc ID
D@e >ACS B DF>X ACBD ^` >D SLgBItY DF^ LOb NB/=L
A8N N S u ACB
u > NT vXI e+ACBc Bg^J B/` >@> ^ T ACD > T ^bXb Tvtc _ T> T LiACI[>yEd^D@BI[I8Y:J D
>@A8^/kl>@I[AH? Bb ÂH> T?ZJ
I[D?KQRTc >@x DQ A ) b Dt^ > S T BgIJ
IKACJ?F?@^ u btJ
IV` I[D ?ZT v ^c >tBL
> N T I u A b TO^ S S BOBg>FJ I[?Zu v ebXAT J
Î
L
bXNT AHAC>#B{^Li> I[T EdÎ[B?Zv Y:`*D#c D>@^D T AC^B> ^:> c TBIVh? `*A cc BD` I[Shc IV_FBj
EdND@Êd^> DFT > Iyu D@>FIVÎKJ> T ` ID@^ DFb^ b B IV?Z^v[B Q
I[h:iI[Q B3u , > AHT YI I[DbXv c kbXIT ^H^k j
B? ^ c b> T
S > T "I1> T ]gIVAHN3D@>#J
_[IKAH_EUEsEAC?F> I/Tc DXA IK AHI[?@Es> J T >@u ^ ]? Lic > I[TEd^c h Bc Y v
>@bX^ T T{^ c e u ?@bXDF>ZT v ^b _wEU^ I8S ACBi?@I8J
J/IKJ A b c >8A8Q/N > 7T ItQ > % c eILiÎ[B? Ed`N AHcBgDJAA]iJ
I[IV?I[kl?1IK_>@>^ eTc AHe B
bXACBiT J ^T_w^c DyBD ^Cc *DF>@D@D ]?u ^Cc B{kaYg> =T ?@> I[T
I1S D]iI[u ?@DZDFA8^N
BDD > S T B Ic >FIKJI8vJÀTv c` D ACbXBicJ kI u`:EdTIKAHc e?@BD@I8IVJEk v `
u
LgL
; NAH?ZBgA DZTJ AHeEUc IDtACBiBJ
ACÎKD#?y_wEG]{AHL
?@?@NIK^J ]i?@I[^ >F] S ^S BgLiJ J cIAC> > ^Tc Bc^:D IB bXec Dc >A8A T c bXe> T c kv"I IE bXc ?@j:I[c I kEdbXIIKQdAHcptD@D@IIK
J` p Q $Xk?F4TêI I c T
> TT S I[I[D??~
T
^Ck#S D@_Li?FIKACACBg> J*S ?@I[D SD _ uT ?Zb AHIyYOAHj
]gBAC^ > b c v> eT IAJ|EsAItb ^CkX>F^ÊsLiJ*IQÒbX{TQ c _ . T Bg> _T I I c Dt' ^:> T?ZJ I
]gY cAHh:?@I[> B c > c c ^:BB eu ^HACk?F? > c T ACI Y:I c B` Tu ACIVBg? c J>ZvAHBg^:_BgIK_vIeJ
A:^
J
I[DI ` u uA^Bie_ACI Bic v=DvDZA8ARN e` p WA c bXJ|I[c EdB E
Y) c Dh:IbXdpac > IKT A:__T^ b ^CD kX` > eT ^:ACD@?FII[D > ` T kI[?@I[eI ACuEdI#A_w_[>@AHD ec DtI[EdJ
D `^:D@BEsIKA8v1hI^:~BgY _c ?FIEUD ^:` BL EdS NOQyAHOEd^C{~ Q
^>_T^b bI BDbXI[` ?c vDh:T I[bXIDX~T Y^C^ko^
AC^:^>@L> D T >Z` AI[ACc?@BD8BgDQJO> IT {b ItQ I[$X^HD `T DFc^]> D@? I c c DBbXYBT ^` ^ >I[`
h:> TI[T B/A8Ith > Lic T
BI[S YtY:D I[B>@u ^>Fc I[> ]? c ?FDZu^v ^:]i?bXI[?@Tc >>c TN D
cD@B^ c EA ` J
I[^ EsJ c Bg` J
L I[S I8>1J ]gB^:^D@>tD@IV?FD@IKD c_BI Yc h:ID@IV> IKT J:I~@_Y^?Z?FAB c ` BDF^^CbkX> cT > Ic B_?FÂC]B^:bX> T TIVc ?K_ pT D
eT
S A8BgNJ
DF?F]IKJ ? c B_[YACEdhS IV]aDQ ^:7:B9 Q AHBW k ^> u T^:BI[?1IteeAHAHBaBap p D#DZv=_^L b S EUD E ` b > T IVI[?@ItN >Fb ^^ LiS I[EsJYI[Lg>tIwA ~
EdT Â8Bh:YI>@DF^ ]gIV> BOT > IT{^ c b DBDFI[>@?y?FI[^CBk#Y> > T T QI/_7{^ 6 b Q DK $Xc T
B3S DhA ec B I[B b ^ bXS T EsJ^ >T T A8IhIL SBEd^ E
eD@^ AHc Ea? c^C>Zk=AHE^> ]T ?FI[^?@]iD I[` ?@Lg>NIVBcI B >tb > ^:T eIyI[^ B b ` BL I[S ?#>^HD@k^ > b T I > Tb I ^c ?eDFACI[BaIK
J L Sc B3>>> TT II
Yec h:IVI[BO?1> ^CbXk#c > > T T I?@IVD@D@I[]iIKIKJ_>y?@IK>@AH^/]Dy> T BI^/_A?@^:J
] hAHT BOAC>D1ACY:LiII[Q I[B7 n{eQ AW J|kXItB^LgIVAC> bY:?@I[I[IVIwB ~
>LiT I[IBI ^ b >tB{_I[Ed?IKAH^H?@EdkN> TLiII[Ed^ B{I[YEsJD#>FAH^BgJ> T If> T ^ Ib ^ Bb I[?#BIV^H?k^C> T ktI > T II[EsJ*DFI[IK> J T ` It> ?@T IwI ~
Lk
_^:I[N?]{Af>ZDFA^ D@_wbX]iEUI IKc B{_ c cY DyAC` Eoe> _T ^Î[?FB
B3I >F?Zc>AeT _wI> ]iû^ A ?@b > ACBB
I[I[Es>t?yJv>^CT kc ACDX> BTeI> AT J
DFII[IXIKD@^CJIVh:IKI[AHJ*? BgQ J u >F7:^> x T ACQ IB^:;"^ >b S T >B{I[I[?c ?vk
^C^CkXkX>> TT II DFu ^_?Fc E^]gACvV?FIQ Li7 g^>Q T W kX_^D@B{I[I8D cJJ
I[Li?FIIKJ _[ACc ?FB? c > IKTJ c D L
bN ^b ?FEsACJ>@IVAH?tD^D ? T ACbX?Fc I[Bg?@J D
cD@B
]{>@? ^tS BDF^Yfek?FIV^Lgez^J
> N*T p AHD >Z voI[DFEsI[JIKJACBgLiJRI[EdYÎ[B?FY:e Dc I[Bgh:AHI[>@BI[D >Fu^t> T> T I[?FI#IK^v b` > BT I[I ?=u ^C]kaEsAC> T B
I>
77I[EsQ#J ` >BT ^ Ib ^ > b T BAH>#I[?yD S ^C_k#T > T c D#I> D@T I[ItIKJ(EsA bJ
^
_wI[^DyBgB_^:IV?@>B ?Fc IKB_YI c > hT IIt> ^CT *ID@]_??Fc^B]aY Q
^Ck*_^ b D ` eAH?@I[D ` DFEsA8hI~Y c ?@EdD ` klI[eAHEUI=_[ACeI[EdD ` D T Iw~Y:ÔAC>FD ` ACBgJ
7
I b I[D `:ACD :b I[Ed:EaAC:DX^Ck:CkI[e:AC EdI[D=^Ck\L c ?J

D#ACBiJL S AHEd^C~@_^ b DKQ
A]CBg?@^:JM]g7 ^C^ kXSQ Bg> T$XJfI T
> TS b I=DÊse> A T b L I uT _AHAH^]De]LiE ]gc I[_[ACI[AC?B3LAC>EdJ|IKc h:vIKI _>@Es^ ACc e?Fb IK]i^J e^>@?FIV^>ZBACNBic ^By_IS > c ^CeW#ktIVbX> D*T c ^CEdIEak*BD@e I[IIKcDJ > ~
kN^^ ?FS > BS YB{IVI? Q u L7 ?@{^:Q > T IV$X?ZTvoI > T bXI c bXkIc kI^Ck^HkAHA1BP I[EsS J
? I[S ?/CL L{S ?@^>> > T T I[I ? bXc Dc klIk^^H? kg> TT c I D
NJ
Î[?8S Q BY7 IV? Q c ) DBJ
IKI[_wEsEGJ
AHI[?@IK? J u L{u >@?@^1^> LiT IKI[vo?v > T bXIT JÂ SAH]Y T]>F?@I[^
?A~ _ c B
T ~I[EsD1A b > T ^HI kgbX> T c kIXI1IV^CE~k
>> TT II bXN^c kS I=B^CYk*IV> ? T ` I#ACI[BiEsJ3J
I[A? ` NIw^ {S _wBI[]Y>I[? c Byu L{> c ?@e^> I[T DoI[^C? k*bXe T c ^Dk^:AC?@]> ]S ?FBÔI A:` _ LiT Î[> DZT v
Lg? c I8D@_I8^J*eQ 7I{^ Q S . >Z_[BAHD@k>FA D c E` S I[?@hI=I[^CBk >c D@T D ^ S S I Y uT L
N u > TT I[I[?N TOb S IVD@?@LgIAHBgJ JS v=EdNA v1b A ^:S e> T AH^CB ~
bXu eT ÂCBT BAHIVD?\]{Li?@I[I[I[DB_? cA LiS IK> JT v ^:` ? >c D@T I8I1J J
` I[eD c A8?FIKN/J^:^HL>ZDFA ]c B ? c ` BuYyc B3L
N > T u IK_vt^ T ]{AC?@L ^c]i>ZI[A? ~
>u c^H^kB > T bXI c > T
T S vaDFAXLgACL{Bg?@^J{> v[T QoI[ ?9~ c Q B
%~EsAI b u bX^T? ^ u bXc Dc vo> T AC]DF^]ie^ c I"B
>@ÎK> JyT I[>F?Z^ v u , _wAH^ ] T c AHBgL Jc A >
bXbXcc >> TT v=_w>EGAHT ? I c} bXIKcJRJ
^L b S >F>@D TI[?1AHEUACE Bgu JAC]D ]{c Ed?@I[ÔB
A:> _ ` T/u ACT BgI[J{?v#vLiAC>XI[YB IVc >#Y T^>#B{IACBDF^^ Bc B
` >FL
IKJN
BEsA ^bte` _I8ÂCBBD Dc J
A I[? cD@BIKY_w^> BgT J*ItQ] S ?@6 ]iQ ^D@, Iy^^CekI > T u IDZACACY:]{I[]gDZv ^ ` c B
h:>FI[e?@DFI[IKB
J >=cBB(^>X> T >FÎ
TAC>F?@A8IKDFh>ZJIv ` ^:Lg> B IVTI[c BuBD jyS AH_ > >@T T >v AAHc>bBAfIK^JeD@I8L
IV_BaN3^BgQ> J T :ûnD@DFQ ÎBi;> vb S e>^ A8bXuNt^:T B(LgIVIB> EsT A> I/Tb IkL S c] Ed?FEdS> NtT ?@]i]^C^?@k1^DFI/_> ?FT I^CI ~k
>ACT >F>ZIyA ACc B]I8]iJ ^ cc B
B>@Ae_[I[_wB
^>X?ZJ{>@AC^ Bgu__I ^ bXT ACc > L T c > > T bXI1c > EsT A vXbt> ` T > IT ^:bXD@I1c J
> ^ b b ^tLgD TAHDAHEdLiEgI[LiI[IB ~
Tc B
A8~hEsAIb >FQ^ b AHx ?ZQ J
DyW k1IKA:> _T T ^:D@Î> T> b I[?y^ E cu j:LiII c BAYkAH> > T
T S IVD?vAHAHBg]J]g^ Ac BOJ{>FAIKSJ3Y J|T I[>FI[h ?c ~~
LgACJ>F^:A ItS> T Yk?FT Li^>@eIKI[_?^~ >c eB
T ~II#EsA ?^ b S S Ed>ZI^_[?tAHACD@Bg^H>FkJD ` AAu _AHP >DXS ke??@S^:I[eQBgv C_[bXiAHQT ?@Bg^; AHJ
NEI J
> I[bXEdDIc c _?F> IwI T ~` I1Li> ^LgT ?FI8I[BJN e^CbXkI[c EdBA E
A^> bXT I[c ?J|^ u b > T ACe B S D@T >1I[? B^T
>fS D@LgLgIAHBgAC]J]ivV^ cklB
^>@?yIKJ> T >@I[^ N u bX_^ T T ÂCLAC]c > ]ibX^ c c B
> >T vtu T ACI[B
?ZN v
>@> ^T IAHBDZA^_w> ?@T IKI[J(? >Fu eIAH>@DBgv bX`TbXc c _ EUT E"h ?@c I^:kEGIVAH?>@Iy>F^> T eIAHI[?@>@? IVc ?@AHBgYAHIEX> EGT A Ib QAH] ]g7 ^ Q c BOW >B ~
eeI[AHB
?@?> c AHu Y^CIyk bX^Ck c J
bX^ bc J
D^ v b c DfD1]B?@^ I[bXD_T ? I[c ?@LiIIKJ ecI[BB
> > c T^:BIIK? J S ` EdI[B{D^? _w^c D1Bg_> IVT ?@IB c ?FBIY ~
eEdIKACAH?F?@B? cIKAHJYI^CQ*kX> {T QIy$X> bXT{cc Do_I]~?LgA^:_?@> B3c _I _[AHbXD@>@TIVc D_ TyAHcD D" ?@>#I[]kl?FÎ ?tT _[I[ACBi>FJ
>@IKEdIJcL
D1NtD>A T c JI
u >F^ T$XA8T h:I^T{_[_ c S ?@?@I8Jv1I[h:I[BAHe^:bXBTYeI[B `gbXT{c EdIt"I[BgA? S EdIKT J*Q
bXT{c T D Q ^cEdB
I >@bI[ACEd>=ÊdIK?F_ _EG>J Iw` Lgka_[I ^CA c kaB{S Y?@D@^CI8JN
J
ACI[AE
DF>@DZ?F_AH^C^YNB
I[IKkD JS D c L
^N(^1BklE ^H^S k#?@D@e>8> QT I[I?@Ed:N1_[AC]iQ DF^>@I[D@,
DFD c I[BgD@u _DFhIIKACJ?F> BgT> AAHv I > `
u > c eIKc v"> T Ith b c ?@> S ^ S D`
bX_I[T B{D S ?FIT
S > T AC> u eAHcBgv bX` T ^ u c B T{c Dk^TEdc EdN
ACJ
]?@IV]iB ^ uB
>@>@^/D#AHA B^>^:T eI[?tAHB eACBgvV^QtDFIQ D@W LikXAC> BgT J/I Ju k S I8>J S ?@>@IK^ v TOLgS I8D@ACLg?ZAHv1Bg_ J ^CE}~k
cA1% B
A8e~Esh A A c b Bc J
Y DI[` T BAAH_[J EUE_wc Î[b D?ZIKJ AJ c kB{>@T YIVI[?X>@?#>@^?@A:^:>_[>T_T ^:Iy?Zh?J I[S c ?FBEULgI YyÀC>@EdI[Ed^yD@N]i> ]{^T ES Ic YD@kIKT ^:J >FEdIKEU^TJ bXIV`:? cT BI[u Y1bX?=? LT S ?@Êd^:Ie> QT SIV9D@?~> Q
LgD T I8AHvEdE_wEGAHA:]J ]c?FB ÔAbX_ TT{c >FT II[?yY
AC^?FBge_wI I[B
c >@BD#IKAHABg_ JT Lg]I ?F^c ]iBOI[>FI[?B
DF>1IKAC^DFB/^B ] S S ? B
c >> N c EìTc DI ~
DJS A I S Y u LiT >@I I[?yT A:>@J^ v[Q^B{ I 6 Q u e' I[AC>1Bgv B` ^Y ]c h? IS J
T I[I[B
?>1AHeYOAAHcB B` A8>F^kl>@I[AC?1B{^Y >c hT c I[B?KY "Tk^:c ?D
T I bXT ^Y c h:I[D u Tc D1JA S Y T >@I[?v bXT ê T I T A:JLgIkl^?@IfY c hI[B `
cLiBgI _ c SB?FYgD Qou > n{T Q I1$XY TS^c EdS >Y ^CT k[vu ADF]geI8ACACj Bgc viBeYtkA8ACN EdD@T I[A8EdNyhIX?@I[AY
_[AC_IV?]J >@c BIKJYAA1T
JSACeeD@AHI[B E
cJ Bc D@JI8ACS D@I#I8Jkl^` ?@ê ?o`J
T I I^ eb A8I[N?FIKACJ Li` ACAHBgBgJ
J ^:u B c ku D T T I[I ? T c A8k\hD I"T ItLgI[LiIVIKBgv=vLY Edc I[he I[B c D bXT IKc > J T `
kc B?A YtS LJ*EdQI[e c x D T Q I[D W kbXAHc > B
T NO^ LiS ^>J
J
N3IK_Y EscAHh? I[c BDYtA >b T A8I[N(e A ` u e> T A Ic J
L{IV? Bc J
I[]iY:^?@DF^
D@Î[eDFD~v
eCiA8Q N ) ACBeB S AHE=B > bXT AHT > ^ u T _AC^:DyB
>@L ?ZA:S _D >Zc Bv IVbXD@D c > uT ACL{> ?@T ÔIA:JI[hv1c E}e~e A8NMc BiJ|J
I[IK]gJACY?F>c hAI[?8ks~ Q
>@> IVT ?#^ S D@I8Y _ T S ?h c cB?@Y> S Ay^ S eD ` A ceB
>FA8I[NBgLiACBiI__IX^k?F^:? ?S ]T>Fc DIKJ bXcc kkID
T klIy^?XLgAIbXJ c c D@kl>FI ?@` I[I[DFh:D@IKI[JB
u
L
T ^ NI[S ?F?@D@b BI[ACE}IVkXB
NM>#>@Â^Hkk?@>@I[IVD DF?S >@L?Z]{A D ?@cc^CD@BOh >@>FIVc D J Bgcc _BB IY QtT uIV k?7^:?Q J{AWT k c IVEd?ZN>v TÈ c I k> IT T
I S L D@bXS Lgc> AHkItBgc k JD TTv IyACb EdJ
EaI[I[B
D ]gS >AHL^?@>@BIKI8_J A>
bXEdI[D@c > DfT e^ S AC>#B ]{S ?@AH^CE h b c J ^c ?FBjY Qu :k^:? Q T W kXIV?Z> v T ` I D T TOIS D@eLgAHA8NBgJ D S b LI[D B
c D@>>1AHL
LN?@^
L{AEGJMAHekÎ?~
D@c k ^:eu T ItI Db AI[_B
?FIK>ZJ3v>@J ^ S u>AN _V` u S{D T c ?FIKIKv1vXe EdIKSAH?@DFB> c bBYA c ^:>X?Xk^:kAH? eTcIeD c I c Y u NT IK>1AHN?@IKDZvAHì?@D c k `
T
Esu ACT S ]I D@DFLibI1ACI[^CBgB
kwJ>v=vLiAykIK^NAC?I8? ]ACbXEd?=IKc EUAC> IVDT > S AT?@Ic bXe> cT kJ
?FI I[I[bXIX]?TNc Î8hACI T ?@D8TACQ>FI[I[?D {^CTQk c 0TeÎ[C?X?L ^]S B?@>#^:IX]gA8N:IVkIK>F?@ACI[>?o?N/Edu I[AC> >BgT JAI
>@c_DÎKAHAuD@AIJ|>@T
? ^SS BDF_Lg^jACAHT Bi?ZACJ JL ` vc > ^bXbX?T c J>^ Tc D@c IKDtT AHI[A:D@?8IKJQJ J `c _D >@Q T I8,
JACTEdEX>@I ^ LibXI/u T DF^t^J
eI[D D@T IfIV^ ?@I[>@b I8h D=J(c EsJ vkc ^:D@]g?@?AHIVD@D@> D ]iT c ^:IK?@IV_B I> `
e> S ^:?@IB
Q > T D u Q ACBi;"J S >tLgIKD vfT I J
I[bX]T? c ^/h:IKD J T ^ ^Cb k DT I[A8?yhIV^?@?FD Bgc ^:ACBe>@I[^ B
b >@DtAC?ZACJ|BiDJAk S e?@B A:c J ~
^D@>F??@I[^ B{S Y>>_[TACDF` > ^:u?TO^:S BD@LgIAHABg Jv c `_>@ARIKJ I S bXB cS > _ T Ta`D S ^_BT IyJ
J I[c D@D@IK> AHc > D@S I[>FDIAH^HDk] eS AHB Bc D EdT N
]__?^:?Fc ^Bge]iJ I[I[S D?@_>` > N
D` QT ?@AHI[9EULiE"QI[BEd,
E I cT ^c >I S T DbXIV` ?tT J ^tLgc D@IJ
IK? AH_Vc D@ACBIKD@j
J>fD` ^CDFe]3c c? BDZc _>^:ST?^c I[LiS h:ID^ ESJ
c DI[`]{S ?^^c ?? h`CIKb c J D\AH^HD@^H>@kak IwLgkT S AI[EJ ? `
e) A8LgN/AH?@AH?F>I[B AHB
bXN/c k>IXc eeIfA8NLgLiII#D SD S ]g]iIV?@I[D@?@I8DFIKJ
J
IKIKJ J u cL
BN> TACBI^:I > c TY I[T ? > T bXNc klI8IKACv[? Q` D T 6 I Q
bXJA T S ^:Y D@TI>@_ IVT?@Dc EsJ
c B?FI[B > T u IAHEUIVEsvoEUIVJ hcI[I B
>c ByT` > T L IS >y>@I[DB
T > ITa` bXD TT I^ bXc DT ^t S LiACIK?FAC?@?FI[DEdDF^:^BeEdN I
bXT
S c >D@TLi^ ACSBg>JvJ|I[AHEsBgA8NOJQth :c n?@> Q S ^;"S S D >tc AB D T c _FI[j ?bX_^c BikI J SbX_T > ^ ` ec D1A8j N/c BiLiJ Iu D>FS^ ]iT I[I[??~
D@J I8c J
D@Y:IK?ZJ A:_u IK^:J*BQEdN| v x bXQ c )z> TbXT c I[kl?I bX^ b T B3^ ` _Lg^:I Bc D@BIVYBO>D S AC]gBiIVJ?@D@eI8J
S IKDFJ >`"B{c B I[hACI[B?Y:LiI[I?
JD@
>I[AC]iB
AC>@?@Ed>FND1_k^?FB ê BIKu JRT I[^? ?XTO_[S ACD@DFLg>AH^HBg J*cp DZBv > T T ^ IS ]DF?@I IV` D@eI[BgS _wDFIt>#^CI k*c > > T T I[I?1kACLge I cc EUB
N
~ Q
D@>ZC]A:i_c Q ? EdcI[;> D#S S ^:^ >#?#S D DoACT DFE I c D@ I[bXSeT^:L^?aE Ì[c I[h:> D TI[` B^ D S T ACY AC>TEdkE*I[T LiDFA8> I ch hc ACBBEdYD IK` JMLi^:I[?oD I[c YBM^
j
kI[^?D?Fc D>FL T^c JBi] J
ACS I[EsLACB D8E ` c Q_oJ| D@? 7]ic BQ IKj
_FW D~k
>u bXEd^ cb _II[~?tLg_[^:AC?@DFB>@I[eDv I[` B > T b IIKJDFI[B b c ^ê? c >I[N B `*T^Ck#^:B> ^T S I c? ?` ÂHbBgJ B3T AHACBgL Jc >^HACk#> c ^^:>B/T I[^C?k
>^CT k=^> D@T I Iu _[bXACcDFh>@IVI[DZD vfu ehACS ?FD@Bg>1AvVLiQtI u {DFI[Q >@)>FEdeIKJ^vyB{AY_[_AC^:EdE ?ZJ u >c BbXY c _wI>@^~Li>^T ?FBIê?ZJ|I[BgI[?v
>_[TAHID@>@IbXc L
kIN^HACk#B
IKN( SeACI8EXAC_[BAHD D@` >@I/D T AHAHEUEd^:EB]iI I[` ?FBD@^^:Bi>ACA EdEdN-bXc ACklI>F>@^CI[BgkJ A/T J I[c *? I[T
?@IVS BOD>~
LgT IAHBgbXJT AH^yBgkJ^
ÂCE DFc DD Tc D@Ed> NT_[cA e S D@I[c B D> T{T c DtAH> JuA J c EUS N>NDZv=A_w>@?@ÎKJ LgIt? c ]i>FI[I[DK?kQ^?Fe{Q IKJ;"L
S N >
AL
CB{N(^>> TT II[? `:ACbXBg_ Tc cIVEdBOI >FTD c D u >FbX^3c kLiIIK^HvkaIKACD S u ACJ|E*I[_[D@AH] D@c >@_[I AHLc DEdIKACvE c hACID/`HA3c D1J
I8AH_BgEsACJ?@ACI8EsJ A
u DF]? S BYk?Fê> T IKv ; ?ZA T eAHBgA u _[AHD@>FIKv[Q{Q $ ^MAJ c DF> c B
~
7
Y> T SIVc D?ZTv*IKY J c h`CI T TACBgc DaJ

JDFA^SeY IT D>FSI[? c >Fc ^B? A:u _[^H_kw^v*?I8J ACS BiAC_E I u bX_[ACc DF> >@T IK>voT D I=T ]^ S?@I[EGDJ _?u cALikIKAJ ~
?u S;"EdS I >Z` vf> T > ^T S IY eT AD Tc J
I I[TB A8` h:> IXT ^ BS ^Y >T AH>@e>A ACc B?F? IKc J ACY:u IK> ACT LI#EdI]` ?F^D ]iT Î[?S EsAHJ YIK?ZvVACQ> T I[{? Q
D@D >FT ^^ ] S EscJ B I[uh> IVT ?IY kc AHh> I T IVT ?KI[p ?yDZv >@^T ^ A/S DFeI ACS B3B
> J
c E#I[DFJ
> cI8> ACS > >@TI` ^C> k#T ACY:B(Ô^> JT AC > S ACT E}I ~
cLg> Iyc I[eDKQAH?@ ? 9 c AHQ YIK$XAHTL?FEdII[I/iL NS I8>AC?@ADk>@EdIVI[?>> A3T ACJ>1AH> ec eDFI[ItE Edb I[> A c T > I[` ?> T _ T^ S^
^:Y D@T IyD kT ^:I ?
TLgI[I ?Fc B{D@I[YE}kB{A^>oLY ? cc hJ
IVI[BY:?@c ^
Bêe ACu ?@^C? k[c ACvoYIKI ` S D AHT E I u T _[I[AH?FD@D@>@I[I1E}kaACBgDFI[JRI[j
?ZDAHBA jT
v[S QD@ Lg6 AHQ BgW J k ``
D) T I ec A Bgc _ J
S I[?@B DtbXB{T ^^Y _ ST c Êd> DF` I[D=B^k^:? ? u TJ
I[^
?FI[D@DZI[v E}k T ` ID T bXACEdT E^Be^:>D >T ACI j:I b bXIKJ
c >D8TQT I[n{? Q
TAC B
xI[?tNQ L{;"^?@?@S ^Bi> > ACT TeI[I ?FIVDKBObX >FT cD k^` D Y >T cACIhjI[IV_[BD AH?@L
u ? >@Nc ^ I[DfT bXI[> c ?yT kIKI[kveAH>AT A eI[b ?AHA8^:?@N ? ?ìc AHc T > YI[IKbX?AHc LeEUEoEdIt^Li> JIT ACI[> e?T ` IwD@kI[^:>KE ? Q`
D>@TI[?AHv EdE*bXBc ÊUEX>Ed]g^:A8D@NI AHTBOc DNJ|B ^S e ]> c cB AHc Ei^:kBI[It^Ch:>FÎ[? T T I[I[?? kACc B(> T I[_?8^
B{kD@^:IK?X S > TI[BiI _uIEsAC^C>~k
T^Ck[c D1v ]T ?@IVI[?h:I[I[B
B>I[c e BY c IVDKu >Q(T ICgEdQI[Y c) > c eeACAC>@B I1` ?FI[ACDYS I8EdJ3>t^H> Tk#c >?@T>NIN:AHIK]AC]i?FIKD AC` ?DACT BgAH_EdI E
e^Ck#AH> ?@b ?@NI[B
A>N:e~k^ A S c J
?IVABY^Hck?@E=> b I cI[Y EdhT I>tN:bXIKT AC^ ?FD]^CEdIKkACAHDFI[YDI Tc c k e u `> T Î?]iAI[?eklÂH?B ~
ee SAHBgD@>=_IXe^CAHk[?@v ?FN|T{v"c DXD@^
J ^:S B> c I[I[?KD Qb ^ 7 S Q Es$XJ T u ^:I > T
T SI[?DFbXLgACc D@BgIKJMv=Li?@IKI _I c ec h:]gI[D I8J
TIKc JD ` bXu cT kII
k^ ?@b ^:BebX> Tc EdIEiYJ
^^ J
c BD Y` u bXT TIACJ
> ^
c I[DDyACBY:^:?@I[> I8bACLI8EdJ IyT >@Î[?Z>vyT AI_V_Y^^?J
J D c ìBTY/I>@ê S TD@c D>
u
e?@ACI[E bE^:c >Y A8T c NO^ I[DfS?FD DD S ?b ]c >FI[]iI[?F^DI ?F` > b> T ^:T I[eI[?F? II[kB(^:bX?@I_T?@` c I8EUACACI?F>@I1I8D TJ Î`?ZJ{AHc A DBgcv1BJIKkA J >@c^> c TBLik SI> T EQkI1AH>:T I8I[JQ ?FAyD$ >@e^/^yI[LgLgBII
]gW k IV` ?A8k^:kl>@?@I[e?XI8> J T Itu L
B NS ]> T > cI AHEiTOSkI[D@I LgAHT BgACJDXv=Li>@I[^:I[YB I[> ]gT A I[c ?JybXkl^c ?#> T Ay> eT I A cbXJ
cI[klB IQ` > T {I Q
YLc?@h^:IV> ?\T ^HIV?k`*> Tc BI=k_[I[ACI#DFIJ c D IVT D I` D _T ÎXB{DD@TI[B
AC>@EdED8QLiIX{Y cQ hIV& B hIVc ByB3eA AH,
?@S ? cJ|AH?ZYAI^ >F^S Y TT c D>
B>@I[^?8>"8>@k^:^t? >T ACIjI1bXA1T ^#B S >AC]j:> cI[AHDE
A=kI[kII[I=`
bXD@IVT EUEI[BTc TDoI#JAY Sc h:Y I[T D>@I[A ?b ` A8_N ^ChTIVc ?Dc BJY A S u Y> T T I ~
>@e?AC^BJ
DI[A?F_B> D c ^:bXBT L
^ Nb ACI[B{?@Î> T YI[^
?X^BgJ/ACeeI[IKB v[QoT A8{hQ I4 J
I ^:c >BT IIV?D S AC_ BiT _ c u I[A/B
>@J|DXI[BIKJ^:v?
>T T I[AH?1> >@` ^ A8klAC>@I[B?o^:>]T ?FI[^?8e c 68D 9c B{9 Y Q u 4 A#^:J? A `S c Y BgT J
>@I[IVIK?ZJ và>@^1T A8^h:B{I IbeI AHB T ÌK>ACT ?I[J N ` TI[hA8I[h:B I
c^CBk\Aykl^J?@eA S I[Y ?#T _>@?FI[IK?=ACkl> ^c ^:?XBA D ` ^HkIKJD S ]_ ?T c _uI A` _[> AHTEUc EdBIKYJAHAtDZvXB S > ]{T >Ic AC_E{^Ch:kI[I[I?@Q>168D9ACEd6 I Q
_Lgp ' ÂCI[B{Bi>tD J3c eJ
ACI[S Bi?F>IKJ SJ3AHbXAHE c DkI:J
> Q T I[IE c 68>9D NS ne_Q êB
' > IVACc >B?FNS eI ^CACkXS B3BO> T > AHcI BgEJ TJ
cI8Yb ACT >^:I[TeD@` >tpAHB>EsAT{àb c DfS Bke^:c >@? A8IKNJT
S Lgc DB I ~
eBÂH>?@? Lic AHIKvYI J ` c _wD ^S BB DFc >F>ZIKACJB
>FEUu N ACBiIJvI[?Fe>A8> NT I[Be^:D@>I[Edh h:c I[^:D Es` AC>@> IT AH> > T I u c> ?T IVe NS e> S A8ACN E
J
I[E c >N
:Q::::C:
K
6

9
x
X
$
T
S
T
S
T
b
T
S
Q
D
C
A

D
g
L
V
I
[
I

B
J
K
I

_
s
E
H
A
@
?
K
I
f
J
@
>

^

N
^
>
=
I
s
E
A
k

^
o
?
A

T
c
X
b
c
a
`
X
b

T
c
T
c
c
c
X
b
Lg_ÂCB8Bi JS YOACAHBgE J T AC]{D ] c BI[kD@I D ` AHBgJ_ > T ID eB
AC> BeB{I[AH?X>@I[^CEdkoN/?Z_A ^c DB{c BB{IKY_>F^CIK*J D@]? c c B{> DTY ~
cJ Bc h > c c D ec Î[BDo^H^Hkk\>_[TACEsI ACec B cT >I[N? 8c >EdIKACAHBg?@_wB IQ u B{68^ 9 b iQ > T ) I#k>@EsIVA ?#b > _T ^:IBgJ
_I[I8?FACB > Tc BYO^Cv"k>> TT II
keAC>A8T NtI[J?c ACh Bic J
JtI#^HACke> T ÎXBeY1>^:T > I[T eI[? DF` I[> EdT hIXI[D Lc ?@B^:> IKT I[S ?FACD Ei` DLiT I AHc B?@I[YtDXAC> DFT D@I[I#e]iLAC>@EdIKIVJ?~ `
Bgu ^CAHh:E I[u? ACBgc >ZJv >bXT TIc EdeIAC> >@T IVI?@Bg]gAHACEG?FvI[I[B
D@>@>DAC>FE Ic h:*IklQ ^? `689> 7T QI[N u T. A8?hvIy> BT Î]iI[Es^ J
b I[I[D@>?
D>ACTT Ed^:I[ACB?KEdEaQI/E c e68h9I A8NS Q Bg>J
WACeI[j:? IeT> IKc T eJ I c AC bX>FS I[TD@Ed>1N^:EUACÎ D B(]gu >>AHTT >@I[I[IN/?FBgL EACc c ?FE1h> IKT I[JDFv>Z^CACk S >FBgIT`J
c D IV> ?T I/>?@TDF>Î ~c> Lg?XT ^:I[k?@?@A8B D ~
u
>Au T>F^/eI?@AHJ
I8BI[_LI c >1c D h>@IK^vy_[AH>> EdTTEUI8II JevbX>TACT B^:IyEUIVIDKk*AHIV>>D@TT>ZAHIVAC>@?t> I^CQ u DFk#^6KABg9 v D@` ^Q >B3T $XI[AHT ?@BgACIJ kl>t^c?@DFDI^òB3k?@c I[DAHI8EUbJ^:B^kI?F?@> ^:Tê BN
bXc eT e^:e ^C?@>ZT AHI#E c > >T N ?@`^ c bD#DLiI[TY:c D^>@J
>FIVI[LB>kAH^Bg? Ju > > T T I1?@^ k SS EY TEdebXIVT BO^>=e ^Ck[T vXI> ^T LI>EsA A c bBD
ACAEdkE
AC> > T T I#I[??@IVu D@D >=S >]{T ]gI[^:N?@>@_D^:v BTD cc J
DoI[D@?"^B{> T D IX` D@^H^tEdDFI[]>? >c BT YtIXI[^HEskJ
J|I[I[DFD>c ?@D I:S Q]]i6K9^{?F> Q T) c DD
N> T ^ I#S BEsA Y:b I[?XLgLI ?@T ^:A8> hT I#IV?@>FD ^ ` b ACAHBg?ZJJ
D=EdI[> >#T I> Tc ?I[I[eEsJ
ACIVEdD@D@>X^ Lc ?FB/^> AT _VI[_?#^?ACJD=ACD@Bg^:_wBI D bXu Lgc > IwT ~
T> T A8Ih:I#kAH>@e^ b c EdACN?J
]D?F^> TD@]iI cI[??F^ kACS >DT ^:I[?Z? vV` Q ^6KB9 > T Q I$XT_^:IBOIV>FEG?ZJ|AHI[?@D@N > ` u LDF?^c BgBv=Y:D ec AC>tj>@IV^ D
?^CS{k c TB^:
B> T^ IS ? I[` EsJ
> I[T D@I> IVu EGc J|DI[_D@^> B{cD Dtc J
BI[^?FIK>fJ>@v#?@I8AHACe>@I8^:J BY#bXec > TI[BJ ec DF^:?@I[D@DF> ]gb IK_w^>?F> TL
NN
>I[TEsJ
II[DFh >Xc ?FL> S?@^:^ > S T DKIVQ ? 6u ^ 68S 9 Y Q T W>"kX>@>^T J
IÔI[v Es`J
T I[IDF>tu e L?@S ^:DF> >T LiIV?I#Li>@?FI IKT ACA8>Fh:IKI[JDv=AHE c DjI#ACBA
eS B ^:b > T^?@IV> ?T AHN#Bg^CJkgEAHc BjI1IVEGAfJ|I[kD@AC>> T LI[?@?K^:
> TL I[S ? > `CcT k IT D I1T Li^ S I TEGJA8hN:IVI[D>aLic BI AfT ^:eBÂHSB?FBIKI[J ?
E^c ?yjIAC]gAyAHj ?@c> B`DFc ek ACu IKBAQ _ T6:vf66 J
Q I[&oD c c ?F> I[T D I[?#u >@Ed^/I[>XY
> A T c BgI[evD@>] T
c ?S c D#> S E cAHhEIe>@^:I[Y? cI[>K> T kI[^? ? `
D@uu L
IVJ|]gNIKACJ >?S T AC_I> >Fcc IK^:?JB Evc h cklDc^B?#eYO>v=IVT DF? IyI[c >@]gI[^:ACEs? J
?c Î[ACD@S>F>fI D8Q D u T > TAH6IEU6 Ec n{?ZLgQvIye$XÎ[B{T ? IIc ~> > A:b c BgJI[J_B
?Fc > IK> c cACI[^:DF> BgI[T DACÈu ^CT D kI[T Bg>AHT _w?@III
I[T DFAH>ZEACka>F^HIKk\vt> AHT BgACJ> ` > L T S I>=LgkÎ[DF?>1> T^CkI1AHNEU^ ES _ BT YAHIV>@D@>@>=IVEU^D B` Ik~l^:k?#^ S > T?@> IT eQ 6c J{68J
x EdQ I[;e^:^:> D@T >
>_T^:I?ZJ IVc EGBJ|YI[D@>@>1^ ACBgu > JRT I > T ?I1S NEUI^ S BS Y:DF>ZI[vRD@>XD@D>ZTAH>@ACIKEdE*J >ZAHu IKjAI _ uT > T ^CI k[c ?#vD > T T AC^?@D@IVI DZvXbXAT _Z^ ~
DYACT ?F^
ItAC^?@J
LiI DtI[u> ^H]b k#?@IVI[I[I[DhB/_IV? ?@>c LiN3T IKItJMj I[c BgEskJ
^J I[?XDF> >>T T ACIIKBiv=I[JeEsJ
> cIVT JD@It>yJ|EUN:DIV^T eS AH^CBEUE=D@Y:>8>ZI[Q AHD@>j6Ì6 gD T> Q T AC) IEdE eLgT I[Â8DFBh:> YtIu >> ACTT ?II ~
>Yc ^
_ÊdIKJ v ` ` ACAHDBgJ b I[u IVEdE#hI[ACB(DA> T D Ic BLiYI[EdDFI>_ ^CT k1AC>F>@>@I[I[B Esv u bXACB T{c c e_ TAHEdc DZD1v[Q ]gAC6:?F>6Kc7 _ Q S EsAH;"?@S EdN >
A>CT eI[^?@I BY c D#u B{L^?FÂ> TJ{I[J ?@c D> vc ^BgIKAHSE*ACD TEdEdAHN?@I D@`j c u Ed_Ed^:IKJBD cc D@B(> c >BT YI c ^C?k^> T_[_IyS Li]gI[ACD@> >c ^:AHBB
D ~ `
cI[eEsJ
AHI[EGDFv=>ACAHeDÂMBY>@^>Fj:I[I[BaB*^CDF^k#e?FI[ItD@]i>@?IKc_ >8IQ ^:6B6 EdNQ D T W kACEdA:EoJLiJ Ic > Y c ^c h:BiI[ACB/EoD>FTÂH> ?@T I[ID
A>CT ?FII>?@T
IVDS c DJ S J
IIKJ >@S ^_>@IKIKAJ _ T` vV^BLIS e > S c kXDF>tBACÊdEdJ
ÎK>1J IKS _wS > cACÊ"B D T c DfAH?@eI[D AJ|u ^ I S ` >t> T ^CI k
A>CT EdEdIt^>Fke^:EdI[EU^ B
bX>=c ^CBkYf> eT ItACB{D T BAHI[?@?KI[Q Dt6:AH6 eQ ^B{' YI[>1> T > TI[eItIVD EGTJ|I[ACD@EdEa>1LiD@^:I B/u e>ZAHAjJ
ItI8v^:Bc B I
Du TD T ACAC?@I?FIKv/c BAHIBggJ_I[A D@D `T AC> TE}k I ` >u LT ?@I^:>N:T ^ I[S ?B{vtYLiI[?^?F^BB{BI[DI^>BA8I k>FD I[T ? AHT?@I c eIKA^:_ BT I
>>@T
IV?@S DZDvf> > T T IIEsLA ?@b^:> Tc DyI[?FD@DI[>FD >@T EdIKACJ*EdEoQ D@IV6:h6 I[{?QACEdEd;"NS Y >c h:>FIû > ]gT ^:I?@> ec ^:A Bc DZJ
vIVB ^ S u >1D c ^CD~k
>bXT T I ^c ??@D IT k SAC?FD@I[ID >@` ÎKA:Y _ c T h:I ^ S u c >>v^Cìk bXTcc DEUED LgT I8AC_?FÎ#e^:IBI^ ~lkS ^ >ZS _[?FAH> D@T >FDK]gQ AH6:?@>86
{>Q T ' ^:I[D@I>
T^?1c eA B{u D I[c hB{I[Y?yEdItJ Lic h IKc ACJ
DFI >Zv u > bXT cI> T/hACS E BiS _IyEd^C^Chk[I[v1B AT D ^
c B^CklYDKEdIyc >YÔc AHDX>1]^?@IV?tDZ_D ?T c I[LiI[IK] J `
u > c T ACc >c v1A` D c BYEdItY:ÔAC>1^:?T D T I[I[] u ?@I[eA c B c B6 Y9 Ak>@W I[?tAHBS IK S AHE
J h D ^B LiI[Ed^BY:DZvX>F^> I1I[EsJ
IVD@>AHEd^BIQ n Q k"AfN^ BY:I[?
9
LD c ?@^^:B> T e IV?S D@Li>=I[>Y:T I[I[>@B/DALiItDFêB A:^J

B I#IK> T IS AHbXEdEUcN*kIt
> ^HTkc DX> T > IT ItI[EsEsJ
A I[b? ` c DX> T DFI[I>@>FJ EUc I8h J*c ~ Q
cL6 Dn?@^:B6 >^Q T > $XIVc ?#B
T h:>@IfÎ[?@D@I[AC>F]IKBJ?FI[A:bXD@JIVc J BO> cT>> ACc >>^:T c Bgh:I#ACI E*? c u D Y > T TT AC>"I?FIK^CDFv[k*^*B/> T> T LiIIyI[]Y:]? ^c ? Bg>@c >FBg_ I[c_ B]gc ]gAHÂHE BE u > u> T LgT I#IKI _VIVACbXEGJ|ec I[kI8I8D@>vv
u
LYA ^:?@^:k>@AH>@> IV>T TBIVIV?Z^?v[B ^T > BTI[BgI > _T bXIyIc ^kIX]B{?FI^C^kaD_> T?@T IK^ I#AHS > IVEsc JEG^J|B Y I[c?h:L^HIk?FAÂ> DT T DFI[ÂC?ZB?FvXIA:L
>F_[N^_^> T{?T J c IDc BuNYtDF^ ^>FS B/^tB>LiYT IVII ?~
?J S c h EdI c D cu ^DF>ZBAC>FD IKT J ACEdEoACLiLi^CIheIKvVAQ J
6 I n:`{nc BQ W _[kXACDF> IT IV> ?@T IIyLiNI^ SABJ
Y^ I[S?LD@>^:`B T c ^ D#b Li^> T?FB I
^C6 kn x > TQ Iu $XI[EsT J
I[IVB/? >bXT c IkItDFÂHBgBgvJLi> T^?FIB/I[Es^CJ
kIV> ?T DFI ^B/ ?@^HDF>k>bXT c IkItN:D ^ T S ACBEdEoY:I[>Z? AHjbXIc kAHI D `
TLgcIVDD@>tA:JL JS c EU> EdDc ^Biu D ACT E*ACD EdTEoACLi?@I[IEd^^:BBY
I v#u >Fe^^> DFT >X^:ID@gI _uI[bXEdEdTI[B
^>Zv1AC?FL IKS v EdEc B|{k> I[T ? Iyc ^:B?I^:B >
cAA1B_[LYO_wSvi^ SEdLiE B
^` >#?F> BT ^HI#k^H^:kg> >T> TT I I[cI=??=I[eD@EsJ
^:^BI[>DFD=T> eI[bX?FA8DKc klN1Q I `>6 TD nHT IVgBACQ EdE>;?FACS IKj:_>#IXI >cD hT T I ItAH?@ I[I[kEsD#>@J
I[I[A:IVDF_[B> _^_u ^?D@^:Jb Bc DB` YtAHLiBg>FIJ^ ~
u6 > T 7 IDF; I[B c b^? c >N ^Ck[v1> T I c ?e^> bXT cI[?@D8> T SAC> c Du c AD@I[>F>@EdIKJu ? S EdIQ
bX> T n c I> T Q e^ S ÎV> > > T u I[ACI[?#B
IVN/IwB ^:cDFDF>^>@T BDKIVDo?ZvtDFLgI[^:JB ?@cc BDF^> ? c ^Cc Bg>k N_> c c ^:DthBI[J
DIKB{_IKÊs AHDF?@I[IKACB J E c û ? >@Bc ^>N _[LiAHc IKD@B >@vtI8? A:v c _[Y _T AC^>1Bg?J{J:^C~vk
cu B>FIY#>F>@^DZv1L AHc ?FEU> DFT ^ Q c >6 n:c D1Q ?@)I8_Bg^J?J
bXIKJ c > T > T ?FACI[D@>#]i> IKT _I >=c>@B
^1h> ^T _[I AC>,
c S ^LB ?Au ^HT k eW BgACB
J
NO?AA
D_TI c AHhEdI8EJLgI1AC>Xe^:ABJ
I#IK>vc LOeNyIKv> T c BI > T?FD@I >~b Li^ê?@B L` D ^Cuka^C> kobX> c T BI D=c ?=E c ejI ^:bX> cT D@I[I ?F` DZu v"_>^T B
I ~
D@% I[IB c bX^:? T c >^ N T c D#ACDtJ
IKB{_^/EsAHD@?@^:IKBJ eu >FÂ8N/J
I[e]iACI[BgjIJvTc^DB Ju A A:S _Y> S T AC>@I[Esv? L c Bc ?F> > T T Q I6 kln^{E}~ Q
Ed>@^ ^ bXT c B{I[?YT
eS AHD@BLgBAHBgI[?1Jv AC` B3p $XAH]T ]gI ^ uc eBO>FACIKEdJ IKv1JA_ TS c Y EGJT >@` I[Lg? ^:u ?@] B(S >F^C? k c jT A IV` ? DZ` A8D N T c AHBEdY E
]gq1IVAC?j
k^:D T?@eA ìeTc NekD@S IVBEk I[` ?ZEdAHÊ?J? c >F^CI[kDKQd_wp ?@IK6AHn>@IK{J Q Li) I _[c _B^:Y?ZD J ` c Bk^:Y?@e>@ÎV?@> EdTNc Dte? AS J
EdII
u AHEUE TS c Dtc kIVeACTEdc Iy^C*D@]? c 6 BYOvtAH% ]]i^ c B
>@IKJJA S Y T >@T I[?FD c B` ^?TJ
c I[?
>@>@^yI[IVeB>@^tEd> 1]ACEdN D@N
AC]gDXA ?` A> _b IQI[B
>nN{~D@Q IVhI[I1BYO>FA8^h:I# >@c BIVBY >F, ^^:eq A `8ACT ?Fe^:BA ^ S > ? c B?Y ~
uu > T I[ev bXc > T ` u ACSB3TAI8_> c ^S BiACT >@I T IKc AC?F>KQ S 6Kx9 Q ) DF^B T c D1b I[hI[B
ACJAHBA DZ^:S v>Y ^T T BIV>@?IVI[D@? u I[T bXE}kI T c ?Z^ v"D c >ZD=_AHI[jhvI#IVA1> BgT JvI1A ^:I[BD@Y I[>DFACI[>@>FE}I[I k ? `
` EbXDoc h:TIKI[c DZEdI# AHD 68ES x>@_ ^t6T Q Au ;"AHD@BS^:Ba> ACbX]{]gT ^ ÂCc>@B
IV_[>FhAHIKI[BJ ?
eD T A8AHNt?@ILi^HI1k> >T T I1I DFI[S ]gBACe?ACAC>F?@I? c ]{IKJ?@^]iJ{AI[?FS >Y NT ^C>FI[ko?> T AHI1EU^:eBIô> TACBgI[? J ` > > T T AHI> D@c ^:D=B> T ^CI k
ACu TB c Du AHe]AC]g>F^ I[c ?@BOBg>FAHIKEgJY:v1?ZJAHABgS J:YkAHT > >@T IVI[?t?Dv T bXAHTEdE^t>ZEdAHIKjA8IyhI[> D=T IB^ybXD@T ^:^BaEdIyQ 6KI[x D@>nACQ >@$XIT ^CI k
D@> ^:T BIXIV^CD@ka>ZACAHB>@IXu ^HAHk ]T]ic ^ D c B
u ^>@IKb JBgv"vJkAACS> T Y I[T ? >@Ì[?bX`T c Bg^1J
EdIKIVA8IKJh:I[` DD T BAC^ EdE u ^:u AH> T EdD@IVÔ?Zvvo>ZDFAC^j:BaI
T> T ItIVD?T ACACBgEdE Ju >>@T^ IVTBgcvXD1]e?FI[AHD@>@IVI[BO?F>fBgAC> bEo^yY:?Zk ACS BiBJ:I[k?ZACAH> ET _[I[AC?8Qj:I[6KD#x:>Fx ^ Q T; c DXI[> ^ b b I[BI[B(kAA ~
D@c D^:BaBp^DXJ D@^c *B I[?@ACI[BgBiJ_I > ` T BIyI D@c ^> T BI[?^CkbXACc B> T u AH?@I[]DF]i]g^ I8c _B
>1>@IK>@J^ vb J^:A ?@S EsJ
Y EdT N>@I[e?1AC> >FT >@I[I[?@?FI D
BD@]^??fACB>@^/Y DklA?@^_?FeIKJ3> TJ IS > Lic I[^DKJ
N3k^^H?fk> T> T I Ic ?1DZkACACe> T I I[?u eAHBgAHJBgv[eQ ^6K> Tx gI[?tQ Li;"^S> T >
cu k >F` ^ A8T k>FIVI[??kAHA> T JIVA ?ZS v Y ` T > >@T I[I1? J T c AHh Dtc D cLiÎ[B I[B3u ^HACk\]{> ]gT I^ c cB
B >FT IKIVJ ? ` c >ZAAHBgD@^:_IKBv=Lge IS LiDF>^?Fc BB
>c > T S AH?F> Itu k_[^:AH?tD@IKA v1b LiÎyeIKACBaS ACQ E6Kix:k^:7 ?1Q > ;T S I[?F> I c kXc DACBB{ÂC]? c ]iY ^T c >#B
>@^HIKkJ ]?Jc A eS ^Y Y:T I[>@B
IV?~
L
^CkaN3> TA_[I_ AHc J|]I[]iB
^ >c B
J >@cIKI[JD JbXA c S > TY T^ S>FI[> ?u eEdIKA8A8N h `Vc BbXY
c >vtT A/^ S DF> ^BT I[` D > c T>ZACI > c T
^S B D@` Lg>ZAHAHBgjJ I
>>@TIV?ZACv >` I[I DFc >Z> TAC>FI[I?Q B^6Kx>/ACQ ]{]g$X^ T c ?@B
^ >FSIKJ(Y T ^?> T ACAC]>]iDF^ ^c BB
>@bXI8J T ` êeA8uNALgJI8A ACS ?Y T>@^ ~
uu TA TOS D@LgAHBgJv1^HkIK S T AHE u T _VACD@>FIKv òT{c DfeT AC>FI[?@S BiACEoY?ACBgJ:kAC> T I[?
>Zb AH^jAC?@IDZEsv1J
> D AyT ` I>DFTÎ[Ba?FDF^ >Zp D1SACY>FD@IT^:Q BaAt 68DFx ÎBaQ D p DX$XACD@^:EdT EB ?F]^ T?@S I[I1Y DFT I[^B
LA>t>A >D@c ^:BI1B D k c T eI/BeIV_?Z^:^CACBg?@E>Z AH_[S AHE cI[j>?@NID` ACL > BgTS J I>
>6KT x ?@^ Q S ; Y TyI8_[TA cS DaDFD@I^:A1BapDFDo^YB?ZAHJ
BgIVEJ
c h:DFÎ[B?@D T u I=>@?YOA8A NOc ACB>FDaIK>v T TI c Dob kÂC?F> EsT J1I[^C?okgk>?FTÎ=eD S> T BaI Q
TI[?FI[I[Ed?oEa_[k?FAHÊdEUe I8J S S>Zv> `
L
TN1I > T b I AC,DXI[> E}Tks~I[I?@ Iwc kD@^>F?FI[IB
> _[ACu Ed, EdhIKJA8NO] AHS e>~L >FT
?ZSA v u TAc eJ
IVD@E IVc h:Ek~ Q
IJ6K xA cS D@QY>FD T ; >@cI[IVB/> ?b > DZI[TA8I[ch:BD I[Db AT^D@c?@^:e EsBaJp Dau B{bXDF^M^T B^J c ACT*BgAHI[J1D?FI[B> BgT ^1_I=ID@D@^:^BkBy^DZ?v ^Ck*cI[BhA#IV> JBT A IXS> BT Y IIyT >@D@>IV^:?\bB> ^:T ^H?@I[kEs?FJ AI `
EJc AjSIY > T T >@I/IV? DF^ Ba?FD@p D>1]D@^:?@IVBaD@Q I[B
6> Af9 Q k S 'BI[I[?Z>AHE> T _[IACj:D@It^B(>@^ ^HTkfc D#AHBeAC^:]> T ]iIV^ ? c `B
>>@TIKJ I
D@6 I8 _6 ^Q Bg. Jk*>@> ^ T I=T I[e?AHkB AC> bXT T I[?^ ` T > AHT D\IAHk BS B{A:I[J
?ZÂH]E>F>@IK^J Tu qc D1AHk>@AH? c> eT IVA?Kvip D1DF^kBtAH> ]iT Î[D?8~ Q
D@c B IVD@T D I[c ?Bc Y>ZACAHBiEd_EI Y` ^
> ^T J^ S YS T AHE cL> ?Fc IV^ D S ` Y > T T >#AH>kl?@DÂCeeIACBu ^:D@^:> TBgIVv?1D T kACACe EdEic >ZEUAHN
jQ I#6 >
T nI Q
)> T B/ItA:I[J
D@>ÂC]>F>FItIKJ^Ck D@T^:cB/DXDBgT ACAH> EdS E*?ZBAHI[E*hkIVAH?#> T >ZI[AH?8j
I1> T> T II1k S kACBe I[?c ACEUNEo_[u ACBgj:ACI#eklIK^vXEdEdAC^ Bgb J D
>^CT k IyTcke ACe bXc EdT N û BgY ACc heI[D IKv1u TACcBgDJDF^> TB Ic BIVD@A>ZAHJ
>@^:I ]` > >c ^:T BgIyv#k S_I8B{ACI[D@?ZI AHEu AH^CD#*I[kAC? c ?BY:AHDD
>]iT ^ ACc B
>#>@DFIK^J B u c >@D#^ _^:T BgA8h_I[I ?FBc DFIKD JS vVIQ L
6 N3 x ACQ B$X^:> T T ItIV?ZDFv ^` B/AC^HBgkJ A T bXI c kbXI T` ^B{e ^>uAHAC]
B ~
TLiAC]{I[I ?fc]gB^ LYOc ?@v"B
^:>F> > IKT T JfI1I[?kDFI[~ ^ceB
B~ACEs^HEdA k\I bt` ACAC`BEdAC?@A?FI8JIASJ
LgEdN>F^:vI[> ?@>T I[T ?#IS AHB eBgb J^:^:> ?@uT > > I[T T ?N I^C^^Ck\>kXAT AI[D@?Z^:D v=B T ]{` AHLg?@?@Î IKJÀHS?@u D=^:_I8B>@JÎ
>kI[T e?@^ ACS EdYI T u J u S eEdNI[v#?FIKAHvf]E]gS ^ D@c>KBOQ >FIK6 J ` gBQ ^>& Lgh:I[I[B3Y:^>>FT>@I[IBeA:_[AH_EUI^:?Zu J _ c TBc YEsJ>@v1^^H> kT AI
?T S I EUI b u ACY D1c h:]I[?FBt^|AC_w?@LiIK^CAHh>@IKIKv J`Kc LOD N S B ACb B ^:^ ?@>S T >N1_[AC^CDFk>K>Q T 6I ]g7 AHQ >@I[) ?FBgDFACÊ
B I[DFu>ZEdACI[>FY
IACHEdkEd^N?v
LiEdI[I[Y Yc ^:> c >@e>@IVACB>FIa^ByD@^:DBS ^H_ Tk> ACT BI=ACLg]{^]gJ
^N*c 8B
kl>FÎK?aJ1> klT I[ACe>oAHDFEUI[I"IKJyD T ACAHBgEUEJ1c B> T T I=IV? ]c >o?@Ê cJ j:S I_wAI
Li6
I[Ed^Q B%Y Ì A:bX_[_T ^^?J>ACc Bj:Y I[D>@_[^/AH?@> ItT I^Hk EsA Tbtc D#` J
>F^/IK_>IKT AHID@IKJ^ b L{B?@I[^?t> T ^HI[k#?8>p DT II[D@>D@ÂC>Fc EI Q
LbACBi?F^^Je> T ^CAHI[kB ? `Tu YcJ D cS hEdbXIXNc v#> J
T ÂCACbt]{>=]g` ]^ D?@c TB
^:AH]g>FIKEdIVE J?@` >NLiAkIK>@IVACIVh?F?I[DB?ZARA >@c ^yD@D ^:c >B{B/T Y AH>@^>S ]u T D@I[Â/?1Biv[DFL^Q ?@B^:6 >
TkÎVQ? ?~W TckB|c A D~
Es> AT b ?@^ ^S ?Y T>F^tJ
ACIVBD ^:c ?@> I T ` I[>? T u I[, N AH] J
c IKBg_JEsACA?Fv I ` > u T >@ÂC> Lgu IKDFv^B c Bg`:_[c k AHT]gIACL{c DZEUIfvoLi^CkI[Y:c B^>@T >FI[I[?B ~
c > c BY:ACBgJ:>F:^Li:It]:?F^|J :S C_IK J c BhA c BaQ
uDZ>FAHê6ACI
]{]u _[Q EdAHN|D@v$X>F>@IKT ^v[I AtT? JS IKcEdAHDFI[? >@D ? uc uLB{Y ^S c bh> cIV^B> BT AHIAHLgeEs^CA ^:h:b BIKvtvyY#_DFe ^:^BgSB_DFD=>I[^C?FkLiB Ibc B^:Y/S eBg> J|I[T ByI[^?@D@^CDFI>@ka^
>Lg^T IwJ I ~
Y6 ^:
>@>FQ I[B/W kL
N> T Î[B?@IItLgeIACBk^ S^B? bXec ACh:B
I[DN ^CbXktc hA IVD#; ^C?ZkA T J ec *AHI[Bg?@IVA BO> c Bu _[> ACT DFI/>@I[JDv[c ~ Q
?@I[I8DF>Z_AC>#>F^:IK?Zv1J
ACI[e?^C^koBYt> T > IT It_VACDFD@^>FBI[DD` Lg> ^:T ?@ItB/? S^HkEUI> kT ^:I[?Xe > T c DIyACJ D=c h klc ^D Edc Ed^:^ B b uDK^Hm k6K> 7:T 9 I Q
$XBgAHT > I c Bu YDFEGA8_h:^ IKb v D bX` T> T ^#Iy> chEUEdI D Tuc >_TEdI I ` > TIVEGIyJ{v^` ?F>BgT ACIeL I[S B
Ed>@EOD j:` I[AC]Bg>JMk^:> ? T cI eT ]^ ?FS I[D@YCI ~
6
Du TDFÂHBgEdEv Lg` ACIBgY Jyc h^:IVBBI#AHeDAH^BD@>"A:IJgJ _cI[> Edc EdÎ[BiB

>ACED ]iT ÂC?F?F>Ic Q ^B687>F6 ^tQ > ' T IVI >; > T?ZA I1T D@e^BAHBg^CA k
>^CT kI > T ; IK?ZvA T I[D@e>ACAC>@BiI A ` u> bXT Ic kI8DFva^B/>AC^Hj:kI>> T T I?@I[IXDD TT ACAC>@?F?I[cDNO^HAk> > b T Î ` u ?@> I[T eIADF^c BgB J
IV^C?k
>eT A8I1N/>A ACc j:D@NOIAyÂyB{ID T D ACT ?@ACIy?@I:ACQBgJ687A nT Q ACE}. k ` ?AHBgEdI[J> > TT c I1e D@^:bXB/T ^^Ckoj
> BT Î b ,
DyS J
> T ?AI
Es>@A? bc L S e>@ItACj:> I#T I[>@eIVBAD _[T _AC^:?F?ZI[J D#c B^HYk\> >@T Î > bXT ItT ^:kEU^:IEdEUI[^ D@bX>ACc B>FIYf` ? ACS BgEdIJ1m S6K7:DF>@x EdQN$XJ cT DI~
>@]g; ? AC?c N
?FA >@TA D e` u bX>ACT Bgc klIAIKvXD@u ^:D@> ^B(T Bi?@I[^CvI k#D ` T > >TACT EdI EiI>Z,|D@ACS ^:j:J
BIX?ZAk^H^ kSe> ?T A8DIyNT AC>Z?FACA I[j:c D DFI`NOARD@^:^BDBIT ^CAHD kaEUT E > AHTT ?@A8ItIh:Q #ItD68> T 7b A8i^ ~ Q
+bXc hT I[I[D> T ^HI[k\? > T u A I#>; bX?ZcA _T Ie~LiAC^Bi?@B/Av _[AHT D@A8>FhI[IyDZv D@` ^:> BT DyI û ?T I T c ?ZA8v=hIe B{S ^/DF> D@` ^:A:B_[D_û ?L
J:N ~
c> BT Y1AHB>@^tA/> T >FI#I[B
Es>A T bt` u Y]gcACh?FI=>>@^C^yk > TT cIDD@I[^:D@B>AC^C>Fk\IKAv[Q ,
S 6KJ
7:?Z7 A Q u bX$Xc T kIKI/vDFB^^tB(e^C^:kt?@AI
u
?@e; IK?_wA8A I NT c heY I[c DXACh:BgIBA ^y>@` ^ D AyT T#ACc ?@e D I1T ` ^HAC>k\>FT ? > c AHT NO>IA `D c TB AHTACBgEdI[JE? cLiAf>ZIAHBgT{A _cc IDFDy NO]bXA?FTL
ÂCN]i>FI[I[A ?@h>,|IVN
S? Q J
T?Z68c AD7 kAHQbX> cT) kI8IVEd?v E
>_[TACIDF>@IDF^` BD DfT AH^CEUkXEX> I8bX cS _wACIEd~EdLiN^?FJ Bc h ec J
I[IB > ` T LiI/^?FI[BDF>ZAC^C>Fk I bX` c A8hkI[>FDtI[?^Hk> T > IT I^DZ> TAHeI[?@DI
TA A8,
hS IyJ
Y ?c A h:I[c BD1^>F?^J>A T c BII8I[JEsJ
A IVD@bX>c kAHIyB3^CAk JTJ c c Dt> c ^ ^:b BgACBE_VD ACT D@AH>F?@IIQ ^B6KEd7N uQ ACBg0 J{^:?v
Bc k^t> ^:T > I[T ?FI[I?8
Lg> IT ^:A D@IT
LgS Bg^:?@J
B?FIK^CJk T DFÎ[?BD8D QT ACEd6KE 7 T A8Q hIX) I8e S ^:ACBEiY D T > AHT ?@I I[D > ` b I[IVhEUI[h:B I
D@u ^:, BhA8DXN
^CACkeeL IVT
B S v bX` T I[^:B e S e2 I[?ZAHAHB >@SaI[`D `D@]D ? c SBAHYR?@I/k?@^:j ec BDF> eT I I[B-, I[AHE}ksBg~IJ cT D@I>FI[c ?FB
D > `
u
D@ACA^:BgJ
B^:J]^HD >@cktI8J > T`BI/^> T > LiIT ^D@I J
^c N?FBD ` ` e> T L AI/SJ
>ZIDFv^` B(>j T c LgBIDFIVDFeY^^BI[>FB>@D@I[Q IKB_w68?@7Î[{B>FEUQ NA $XLibXT Îc?FkB I EdI[`` Y AC> c TBg> cI/JeD@> AC^:T >FB I I
D@D@^:^:BB_[^HACkDFAC>1B ^CS B` eu ACAC?FIK?@?vc IK> JT ItJ{D ACc e DFT I[I E c` ?@>DtT ACIBgDFJM^B j c B?@IKDF_eI c I[h:BIKQ J 6 bX 9c > Q T $X> TT II
bXb ^:c keI ` AH> B T ` Iy> D@T ÎB DFLi^B^ S D@Y I[T E}ks> ~` Y > c ThIVIyB D@` ^:ACB/BgLgJIVY> TÎ>F>@I[D@B^:B^B^HkAA ?FI,|~S eJ
AC?Z?FAM? c kIKIJ ~
e6 AH6 EUQI `+u AHT ?@ACIK>@vIVh> TI[?=I?@D I[c D S Edu >bXAT ^/eAHAC?@ByIKv^L{B>Z^:A > c BT D I bXc ?@TD `^ u u L >@S? c >I[vDXj >@c^
BvDFe_?@^:I[BD@D Q
A^Lu >D A T c I[BI[D >T ^CI k[v bXbT ^ AC>FI[u >@? ? c c I[B(DAC>@B^
vtS ]gBAHDZD@ADkI> T LiIÔAHY> Ed` ^
Î[h:e I[B(u ^H> k#T AH> T >I?FI[BD IS Ed>>
bD@^:^:Ba?@QEsJ6v bXn{Qc > T W k#u > > T T II > T b I[^ Ed]T ^CI ck[?@vyDyLg^CAk#J ^:Bu DIS eLDFAH> Bc > S Li>FII[DAkÊdI[?Y c A > c e?@IKACAH>FEsIv
D@> ^:T BI^C> b k ^Tc DD@^:LiB^DZJ
v `N>FAC^Bi> JT IAfD@I^gB_E SLiD I[c Y^:^:B>@>F^CI[kXB> ^T B IT{^:c> D T bXIV? c ` kI D ` T IKAHA:EUE"_ T >ZACu j:^HI k
>D@T^:B3IIV^CD@k#>ZAH> >@T II^CLgk ^TJ
c N3D AHu BgEdÂCB> SI ?ZuAHD EsT vXACkEdACEX> TLgI[I8?KvyQ > T 6 I x ^ Q b $XBTI[?I^CEdI[k1Y > c >T c Ie]gACA8>FI~
>@ACI[EdEd?F^ Bgb ACE"A/I[D@e>ACA >@cI:B
o>@LI[BgS AH> Bg`_c B/I>@^^?J
> I[T ?tI/>F^?@I[A8DF>KhQ ^ c J 6 CT iACQ ?@D ;"T BS I[> DFD bX` T EUIVI[>B(T{> c T e I
EdT I[IY c D > T c eACEdACEX>@YI1c h:DFÎB^B^Ck#Iw~>D Tc I> T Li^|^J|?N^:J Bc Ih ~ c J
kI[> DtT > ]gT AHI?@>y]gAH^C>@k I[?FT{Bgc DfACE=kAHI[>D@T>ACI[>F?8I p D `
]EdI[?@Y ^:c ]g> c IVe?@>ACN(>@I>@^D@^:>BT I/AHBgDFJ/^B> T LiIyI[D@Y:^^B >@>F^CI[k=B> ^:T BI bX> T c kI I bXu > c T
klIS Q Dv16 D T 7 AHQ ?@Iy$X> TT II
kkACAC>e T cI[EU?8N p ` DACI[BiD@>J AC>Fc IB
T L IV?S c >>t> AT _[IX_^:^:?Z> JT cI[B?oY>FI[>@EdÊOLi> IKT _I ^:c ?feÎ?ZeJ|I[I[? eu LiI8I[A?@_ D*T ^HEskgAC> >@T IVI ?
BgbXACT eêIKJA^:B(eAHkA Bc E SLg?FI[IY:I[^C>@ktD> ^T B ^:D@TI/c DBiÂCbeB I8J3b I8IKACJ{?@J
E IKc I[J ?v[bXQ c k6I ` EdI[Q > %T{cc ee
j
B^ b >@^LiIAEdI[Y c > c eAH>@I1D@^:B^Hk> T ILi^J
N u )#S ?ZACDAv ` > T I
> T ?FD@I> ]ic IKB_ S ?EACc BACj*?fQ EGA 6b u ^HQ k% > T I I bX4XT c ^ N^:b YOACADtvLi^BI[Y:>^T >@I>FI[BAC]{A:]g_[^ _c ^:B
?Z>FJ IKJc BYbXc >@kÎ
^CAykD@A^:B/J|IKLiAI[JY^:e>@>@AHIVB B/` ^^CBkAfA I bXS cB kSI _ uTa#` D ^T ?=I[^C>F?ZkoAC^Y
BAItvVQ J c6 D@:I8ACQD@I8$XJ T ÀCc D#> _[u AHLiEU^CEdIKNJ v
IK> c ^:S BgAHACE >FI[u EdL
NNY _[c hAHI D@>F` IKu v _^:bXB T ^:?Fee c BTYyc Dy> T eIt^Y > Tc kI[>Z?yv bX^? c > TTc Dyu AykACE c > LgT ACI[> ?c ÂB^HIKkw_Z~v
bLiIAC>@_IV^? B`D c c B J
I[> ?@c I8eJ3I[D#ACDy^HkACBJ c DFA>@J
?@^:IV]D@D >@IKu J >@^DFÂB eu qAHBgAHvX>@? ACc DeTAcvVDQ DF6 ^:B ` Q e ;"S S D@>>
TeI AHcjDI[D _w^TBc DtD c J|D@^:I[B?@IK` Ju T ARID@Li^:BI c BeYOAvJ
IKI Su ACE ? c u>FL
? cNe_[A:ACv DF>@bXIKvT ` êA_[ u S AA ec BOAC>FIKBiJ v
bXI[Bgc J|> T ^ b u >IKT J IbXJ c c > D@T> c Bg _E >c ACc ^:E=Bh D1c ?FLg> I[S > I[b D8I[Q I[Bi6 v1 9 ? Qc Y T W k>1uACA BgJ _ Tb c EG?FJ{^vtBYLiÌu LgACBi^:?@JB v
cA BD@A^:B(eLgAH^:Ba?@pB(D TD@IK^ _wS ?@DFI[I>FEUN ACBgc J B3T> T c DI kT AH^ > TS I[D@?I Lgu P IS BJ ^T >^:>@jO]gB{AH^ Bb BgB A:`=v ` T IACBgc J D
DbXT T AC^:EdE*e LgIVu EUAM^:BeYyAC>@Bi^ vXT?@cI8ez_I c^Chk I[bXDT AC^D DFTI c bXDtc D@k^:I B T ` I u bA8kAC>FI[DX? LiT Î?FBaT Q AC6 Dt Li6 I[Q I[% BgIv
D@D@J
^:I8I[_B3DF?@I[I[?@_[>F>FACEdIKNDFJ>tLiLO^CIKN AC?FTuD )c D#c B]g]gA8> AHh T ?@c II[J{B
JT >FT^ D#AS ^vVD@?XQI1L
^C6 Nk :nT I QIVc > ?=T ) kI[AC?>D@T^^CBI[k? > `bXT Î[T B{e Îe`
D c T D#AAC_[EdJEiAHACEUBgEdeIKACJeD@I[A I E
>D TS I_ T D@^^CB*D@^H]k? c AHBB Y/S ^CBkeAHBAH?@?S c BIKJeACJ?@AH? ec IKD@J/IVE Y cu ?@1E ACu B >@^/c BgLiA Ì[EdAC^BgBJ Y
v1J
>@IK^ _wEGAHT?@c IKe v
bXj
BT ^ ^ bXb c BIKYJ
EdDNtT ^:I[? ? S uBA8j
kB>FI[^ ? bXb c ACB?YJ
EdDZN vV` Q Af6 ] ?Fx I[YQ BgW AHkXB
^> B{u IL?ec J
ACIK?@v ? `c I[> D T ` I1I _c > TT c I[EGJ ?
cu B A T DFI[^? Bgvyb ^?FIKe_LyI c h:LgIKIVJ EU^:BbXYc D=> T >@^ > T TI/c e L{?bXc J
T I ^ bu , IKA J
T D ^T J I[T ? A:` v[ACQ BgJ 6 Cc DXiQ _[AHW EUkEdIKJA
e S AHACBE c > L c I[S DN
v D` kA ?@^:u eLg^CNTv c àDybXkAHT > IVT > IVT ?I[?ACBgI8J( S eACE=^^> T? I[S ?fBkIK^ ?S >AHT E I/u c DZBAHjY:I^
^|^CJ k
T>ZAHA8jh Ac BvVQY6 Ay D@7 ^Q B W ` kX> TA AHb > û e_ TAHc EsB/JvACLgc D#AHBg_[J
ACEdÊdB{IKJIKJA L
u N D@^:T BgI[vX? LiT
^ S S DFY LgT AC> BguJ #` ? ^:c ?~
AACBibXJ c J|Lg^ IKbtAH?@` D ^Ck u AT IVD@?X^:Bg^ bv òBT AI _[_c Dy^:?Z_[JACEd_EdIK^:J BO>F>?ZTA:I_>@D#D@Â1BDF^HIK_k^:AMBgJ?@Ie~eACAH?F??@c? ACc IKY:J I
b^?yê^B{AHI B bXu T Â S ?@BgI[AC> ?FS L ?@TB{A8IKhJ A:v[u >@Q ^ 6 T :I[? Q W ?@k#D@>D T T
IS LgDFLgI ACuBiDFJ> cvEdEGvfAkA>@IV?h c Ed?FIKY A8c h:B ~ `
cu B^:Y? T?@c eD@>#` J|D I[T D@I I[?Fc >@D IKb J{v^:?@T
> ST D@NyLi>@AC^BgJRACY
> A T c IByu]gB I[S ?]{k^> ?Fc eACEsvbX_cIV> ?@TI[eT IV^?B
NODFIKQ _6^:BiJ Q
%> T I I[ebXTv ^ bX`:cT > A8T h ^ c S B> Ytu Ed ^S DFD@> >ZTvc D=_[A ]gS ACD@?FI I[` B
>@Y DXc hÎ[?"D LgTI c c eBYD@I[ACE}k#LiAC>@Bg^3J
A ^:Bu IKeJ AHu BgL
v N `
cbXDtT _[^:ACeEdEdIKJ/A A; ?ZD@A ^:T BeDFAHI[BgE}ksA~Y Lic hI[I[YB IV>@u Dy, h> T A8N
?F^ ACS eY J{T ACE>@S >AD@>tvVQ ^:B6 AQ ,|$XS J
T ?ZIADFkÎB ~
eT I[AHBiEd_I I/c D _[` ACEdu Ed> IKT J^ S A Y T v1AC?AHACE Dc h:A8IhA u ]gu ACA?A8E c NOh ACc BBiY/v ` _A^:?@_]^:DF?@IK]v[DFQ I 6 u :DA8hQ Av) ` ACDFBg^BJ
bX> T T Iy^ kI[c Deu AHLiEdItI[Y:D@Ês>@A8>FhI[IyBgvf^Ck L
TNc DtA DF,|EGA8S h:J
I ?Z` AMeÂ8BN ìAc kkI[]ieI[?FACe EdItc >@D@>FEsA8IKJh:I u` L
^:N ?tT^c B D
kD@AHIV>>@T>@EdI[IK?Jv Q ` >Z6 AH j9 IQ A$XDT T I[AHDF?@I#I I[uEdI[^Ch:k*I[> B T Ì > c T B I#T I[DF^? c B>ACLgBgI[_wY:IK^v[>F
>@> I[TOBS D^B> T > IXT IEsA bXbc kc ID
AD@C> Bic >J/S >>FTI[D=Ik?@Î[?XDF>AfAHD@^DtB I[` B u S >ZeAHjI[I[?ZBiAHv >@IKc JBû AH?LgJ
I[^C?h:IKu v>F`^> ]{T ?@I I[h:bXI[cB
DF>ZIvX_[AAHEdkEA c D E S S L|?@I~
^CLikI[I[> BT I eu kIVS BOB> cI[^?BACIKEsvXJ _c I[B?FI[_e^:B^:BB IKc I[_DK> Qc ^6B 6bXQ c > $XT T u^:> D@T ItIDFÊdI[BY D c ì> c bXeT AC^ >@I1T DFA8^hB I
^C?@I8k1AC>E cT >IN|v"Lg>@^^ J
TNcv e` Lik?@I ^:c Be YbXLiT I[^YDF^:I>@>@DFIVI[BIKJL
N> T I[D@>@N?ACDFB]Y:?ZAHI[B?@D Y ` ` LiL I[S Ed>X^BBY ^>=u >@c B^
>I[T?FD I` ^:D@]{> T ? SI[?BYfu ek?FAC^B ezbX^T BÎ >@u k^
AH^> jT IV> ?ZT v I[` e^:BvVIQ T 6 A8h:n{IQ A1W kDFACêB `
^2 BYyACB LS?F^T > TAHD~
J
IK_wEGAH?@IKJ> T I[e!AHEUE=>@^ T A8h:IeACEdI^HDF]? c BY/> T ?@^ S Y T > T AH>
D@T ^:A8BahQIyA6 DFx ^QB `W k2 ACACeB S ^BJ

Y/IK_AHEsEUACE=?FI[> DtT I > T bXI[ec h:I[AHDEdE^Hku >@^:^BLiI IKT
v1S eDFLg^:AC> BgT JIV?@D1^:B^CI k
eLgIVAH>@EU>@IXIV? _ Tu c D@Es^:J
Bg?@I[v B` IK> A:T _ ?@T ^ S B{Y IT >> T c ACB|>=kI[D@? ^c B^:?Q 6u ^:HBgIKQ v . c BD kb A ^:c E ?@S > ?@T IXN^H^Hk\k#IKA:> T_ T I
cD B T T AHI[EdE#? c AC>ACEdEBgD_wTIACL?FI/S > > T c kI> T IVD@I[>Z?FAHI#>@LiIQIXe6 ACB
7 NQ u 4 ^Hkw^:v>IKL S?@^:AH> E T u IV?Z?@ACD B{` j|Bv ^` ?y> T kI[AN ~
>D TT IVAH?@EdEgD ` >ACu L jSI1>Z> v"T D@I ^:cBB DT >ZI[AH? jc >IXAC>BgT _IXIf]g^CACk >Fu I[At?@BiDFACÊiBgI[v D@bX>ACT >@Î:
EULI8A8S h>I[> D=T BIX^kAHe> T AHIVEd?I
c>@D@I[D ?fS Ie ` S AHD@Bg>1J LiITc ^CDt*LI[?F?@ÎK> J T ` I[>@?@^/D8Q > T 6 ?@:I[IQ > $ T ÎRk> ST B?FI[IVI ?ZACuE=AC_[BgAC_wj:I[ID@>F^c Df?@DY v c hb I[BA~ `
>> TT II k^ kS> T?@> TT ACu DJ
B{I[D^_I[_Bg^B{JBAHB
IK_> > cc D^:vB > uT bXI#c Y> T c h>I[T ?IV^Hekav[> TQ IV6 D@:I uQ ^:) LEsE bAC> A8c ^:NOBDoDZ>Fv ^ `
>u TJ
I8AH_> IKu AC?@DFIVIKEGJAH>v c h, I AH]bXc cBg> JTA1c By> >T T IX?FI[I[DFI#>ZJ
AC>FI[I1Y:?@D I[T IVAHDZEUv E{bXLgI[T Ed^ ^:Bc D"YgB
IKA8ACk>F?FI[I[? D@b >"AC>@^1?J
> DXT AI
u
ê, ?yACAHj >BgS T ACEdIN
D A]u D S DT T] AHAHc EUEEsEdQ vEXLgD 6 T IAH{?@Q Iy> T >;"I T S IyT >I I[c^D@? >B` AC>F> kITA Ì[c E BiSu bXvy?@IT > T^^HI/kAH?@AHDFIK]EUEvc ? uh:c T > I[S I?@cDFAC?@IKEXDZJ v >@I8> ; AT _?I TA TI[c B ?~
>c DT IB^:> >XT ?@h IVc I^:EsAC>@IKI8JJ*AHQ D `6 ] {S Q ?@I$XT ACI1BgJ]?FD@ÎV]iEkI[~?@_>^:NB
>@^C?@k^:AEdEUI8; J*?aA > T T
eS DtACBg> A1T Ie EGS A D@b >
Bu > I[T h:I#I[?]?FLiÎ]iI[>Z?@AH>jNI[B^CkoL
eNI[> BgT vI^Cjk\c ^:B> Y T ` IV>?#T _[AHAC> DF>@c I[DDXA> T DFI1I[>@j >FcEdBIKJYye? S A8EdINf>ZLACSj:I>
^bXBT ^kA Jc E c S I8?FJ I1bX^Ckc > ACT Ed^ E S u >1T I EdcIK?@A8DZh vVcQ BY6 c 9 D@DQ S u I W k=` ?Z> AT c I DFI[bXD c SJ
^] b >@v=^ ^HTk c eu AyAeD@AH^:BgB v
L
>@^yN> AT AHe> I[u eDF^LiBgI[v?1> ^CT kXI > bXT IyT ^kEdACI#e ]c ?FEd^N ]iu I[, ?@>ACN Y:^bX>F?ZTAc v_ `T D LgT IVIEU^:D BT YACI8EdEJJ
>FI[Ê c >hT IVI ?
uu J
I8c _IKACDFIKJvVQ 6 ` 6 Q ;S > c kt> b ^ T u D@^B{DZv ` LiI[Yu ^:c >@>@IVT BL
T N3> b ^
^C^J k> T >*I[T I[? I ?@ìc IV?#bXBOe>=T AHe^:>#> IVT LiBgIVI[v ? Ed^` _BI8ÂY:B
_IK>FT JI[BgD >@JRT ^ ACkT{EdÊac ?"D>>ACkjACI1I> T ` ]I[>@?F?8^^Q ]i> 6TI[?@If>nN IQ g;_BE S S > >D c bXÎ BT IV^CAHB/kBg>> J
TT DII v
ec BI#^:> D T c DFI[>@? I[T?FD1ACDtD T J AHc EUIKE*J I8` AHS EdACEaEd>EdNT I J cS h >Fc I[J
? Ic B> IT IfL{?@e^> ^T > I[T ?FI[D?8p ACD=BgI[JMDF>Z>ACT >FII Q S 6 >@IVx?~ Q
&D T h^ IVS B3EsJ>@^ LiI> T Y Ic h:JI[AB S ` Y ACT D >@IVc D#?@DDFI[^CI[k#e> EUT N ^` DF^ I S u>1J^CA kS >Y T T Iy>@I[I[?FD@DZ>vyACD@>@^:Ie^HkI[> > TT c IBc Y ?
e+AHT >@AHI[> ?FBgu ACb EACY:Dy?ZAHY Bgc hJ
IVeBgv1^:> LiT IIVk? ^` ?FI^B3> T > I T Iu B DZS _]^:?@> Ic AHEs^Cv k A?@I I8`_bX> c ^T BAH>Q u 6 b CAHiD Q
Y^Ckgc hEdIV^CBgh:vI ` ÂCBBg> J T bXI#T LAC? c> J{b ACEAHDa]?F?FÎK__II[cD@hD I8c ^JfB k`
?@bX^:e T AHT > I[b ?oACLD?@^:Y > c Th:IVI[?B ` c eB^>F>^T j:I[I[? B `
^6 ? 7 kAHQ > Tu ,
I[S? ` _ T> T ]AH>?F^c ]iDI[_[?@AH>EUNEdIKv Jf` AC> TD I#b D I[c Ed
Ek^:ACEGDyJfA]?FY ^c k]i>#I[?@D >S NyLD@^CI8k\ A S I[b B
^>eAHAHBgBaJ Q
bXD T T AHACEdE> Yb ^1AC>@D^ YT cIVh?IV^HB DFu >@]^ ? c BT Y I[?Z` vu I[L
hNI[BiT v I[c ?/kD A8T *IIKJ _>c I[c ^:D Bgc BAC>F> I T IXT
S E c D@kLgI[>AHc BgeJ I `
^CA k b T Î[e? T
AHS BD@LieACAHBg?@J*? cQ IKJ{6 v{AQ _[_wW >^?Zc JDoc ^B{?ZYJ{A>F^c B>IKT JfI > T; AH?>oA T > TeIXA ]` ?F> ^T ]iItI[?@q>NA c hu ^HA k `
>LgT IVI EU^:) BYO?@D vRT >@A ^ ` > T T I[I? PtT
AHS BgDFJ LgT ACAHBg?@JhA AC` Ed^^:?=BI > T`XI c k D ?ZT AHI3YOAHJ ]gc ACI[>D N
A#bX?c >c >@T I ^ S u D > T AHc DEd~ E
DeS A8I:N Q T 6 A8h:{ItQ Li;I[S I[> Bc >Y c ch:DI[B/]{?@>@I[^D_A ? c Liu bXIKJc kIK> vT AC^>1B> AHT B I) ]?FD ^S ]i?AI[?@>eN ACbX?F? Tc ACc _Y:T I
^T ?I[?u ^:eBÎy> T^CkXI[?1> T ACIKBgvJ^>F> ^ T I[T ? IV?#u L{kEGACAH> eT I[AH? LìEdc IkeD T ACI?F? J c cACI[Y:D I[bXD ` c >D TT ÂCSEdEo> Yc ÔD@DvS >FI^ Q
6kAC:> T Q I[?t+>F^T ACA >@IVbXhcI[k?I ]u bX?@^:T ]g^ I[?FT >N3ACDe_w^CA8~ N bXTc h:A8I[h:DtI^HLgkI[J IVcBI[Y ?Fc I[hB
I[>B(_VL
ACND@>FI[T DZI[v ? `
>> TT AHAH>o> >u TJ{IXA S JY A T S >FY I[T ?K>@p DI[v ? c u D@^CD k*S >IT Q IK6 v :; ?Q A + T eêACB IVcBtu DbXT c ^ kIKS vEsJyD T BACI[Edh:E
I[>Z?ACj:eI AH` j^:I?
A T ^
AC?ZJk?@^:e u > T I]{?@^]iI[?F>N3^Ck[vt> T I c ?fkACe c E c I[D bXTc _ Tc D
n
SbX_^:EsTACec?_ voeT ]^:e?FB1Â8]i>@N ^tI[?@T e>NA8AChbXB

IN c Lg>` TI[BIV^ ^B S ?>bk?@]g^:^:IV?@e?@Be > L
Tc NDFI D ccb ?^^Ba^ ebQnBI[9Bu 9 T
J Q S S $XD@? LgcT B{AHI#YBg^J
> ?FD8T BgpI AC]gc e? AH?@T
I[> B
S c _Z>@DD~~
Lgh cAHJ
BgIXJ
>DKT p{IVE ceklI[>Lic IKe_Î e`CTIXc D ^ TS I>_[c ?@ACDDF>@D D8T QAHnEdE*9B6 ^Q >#&J S c B h S c J
_ TI
D> ACT Bi^JyDFI ^ SbX>T _[ÂCDFJ >@Dc ~ `
u
J^]i?S I[eD@?FI[D@L B{^`DZB{ACACDZ> Dv1c ^bLiBgÎ[v Ed?FÈ\B/?FACIKLDX_E I>c BgcT h:JÎDFÎB?^J
J|I D IK T A8_ AHk c ?@Ì[IB
> Q1T> I n c B/9 c BnACDZQ B
AH;"NBSI ^:ì> ?@cYOc J >AHc B ^c Do>FuD# ^CS ACkD@BgA:>J_> > T>c ^T AHB I>
>ACu TAyL I[c eEec >ACN*Bgk^
v T ^|bXI J T bXAC^TBi^tj
J BY ?Z^ c A bh:c I[eD D I[u c >B
>T > BIt^:bXEs> Ac > bbXT cv=^ EdSED T>tLiÎKDFS_> ^cEsB
Je> YI#` c Ah:AC_[EdIE_IV^:^ h?ZS JI[>ZB/c_[BAHY>FD@^>8>@QAC^ nEdE*9:T^Cxc Dk Q
WD k\c ?F> IT >@It^ I S u >ZB ACS j:_ IKT v AHbXBgc Jh:I[> D T ` I1> T ?@IVID@>#^C*D TD@]^ ?S c EGB{JY/DF^C^k#eD I S T _ ^ T b ACê?X^:^B> YT I[> ?#T J
I[eIw~
]ACA8klD?F>@Î[T ]i?yA8I[h:?@> >TINIR_ >T{kT ACc EsI1> J
T I[?FI[I[Es?8J
B p I[DDFc >DJ
IKub AHDF^^> TaBg?F> `vXT AA:N _[D^CT SkACc A?@?@I[IDD T^Cu k#ACLO?FN> IT QT{ACc > nD=9 u^ iD b T Q BAC+EdE=Iw|LgT IVI[AH?@Ed>@> ^:I[c ^:Bh:BgYOI[?vv
>@J ^ S IfTc]Dy?@^:NY^ ?@S IVBD@DYI[c ? BuEdLIKAH?@^:?@B > Tc BIVYi?@DZQXv `n 9]7 ?@Q^Ch ;"c SJ
IK> Jc k> ACT EdI[EN ^CkT > A8T hIVIe e` ALiJ
I cIBYA
S^Ck#BEd> IKT AHAC?@>fBI8D J T ` AHA:EUE"_[ LgSIc ?@IKI= ]S ?@AC^:E ]g` IVu ?@AC>D Nyc LO> Nfc D> v1T IBc ^:?o>tEsAC]Li?@^ ^:S ]g? IV` ?@>>N3T I#AJ _Vc h S{c Dc ?Fc ^:IKJB
L
NSc ?@> IKT J{ItvtkACL
> N T I[EUI8?KAC{?@> B T c AHB{> Y/c DLgIVAyEU^:DFBI[>@Y>FDyEUI8D@J/^:Ed? I[S EdNEdIQX>F^ n 9 T{c eQ >@?@^ ^:]gbXI[T?F>^N e u Au _Zc >~
b_I ACc h:DIKYJyc h:Î[ByBgev ` AHE ?@c ?j:c I AHbXYcIoD@Î? > bXT I/c > T Y c > kT >yI ^CT ktÂBI[kN:? ~c I[e Bgc J ` > S A?FI]Qo?FI[n D@9 I[{B
Q >;"?@S Iw>~
cL
kN ^BTIyc Dt^C^ kb > BT I^L_[_?FS^]g> T AHI[> ?@c ^D `B Li` I J
c ^
BI[YDfAHBLÊd>I J|u >FI[^D c ?@eI A u c AB
>ZD A T c B AC?@T{Ic e^HkD@I[> E}T k[I v
kI[AH?FDZe vXc ?FEdN|IK_vI ]c h?@^:c B]gYIV?@Ay>N >F`
? T c} I1I1e^ A8S Nt>XLi^CkI#Tec DXAJ
D T IXAHDF?@I[It]gAC>F^?ACE >Fc Ih:I u L
S N]i^> TBI1Q^n >9 T ~ Q
+S D c T B{AHY>X> ^T BItI ]gu ACL{>F?@? ^c e> T ^:I[B
?v#N ` e> T A8AHN>AA:_[_[ SSc ?Fc ItD c > L
c N^B T{` c DXu eEsAHALgJ
^ I1S DF? ^bXEdI[cEd>NT vX^ L
S N >
Tu bXc DXc > ^ Tb TBc DI*L?@^^:?@>> T ìI[T ?FItDZvVD QT n AC9 EdE*BQ ^;">XS D > T c ACk?FAI kS ACB> T EdI[I[D@?oD?@LOI8_N ^CThI[c DX?FD^ Edb ^BDF>bXAHB
c Ed~ E
bX_n I[68c DFEd9 >@E Q?òACbXWE*k#c ]> L?FT3^?F^]iT> I[c T Dy?@I[>ND@?@^D ``B{T D IXu `^D BiuT k_AHÎKEU? vyE{Bc J > ^c h >c DZc JJ
vfcI8h D@JI[c J
E}ksACI ~@BgAc J >_[`CE SSc hBc ?Fc EdIKB{I[J DFY Duu L
]ACN Y
?FÂT]ic c BgDI[v1?@^ >b>FN^Cv[B ~ Q
YJ IVc h > Tc D I[c ?^Bu ACD TDAC_wEdÊ ]gc BAH?Z> _T I[ACB{>#I[?@_[DAHv D@` IteLiI1AHjIKI S A ACED@ IKc_B^:BgD JS _ T]gACA?F> _[c >ACc DFÎB > ` T > I[T ?FII
cNDt^ SBB^/Y:? I[c D@Y > T u >tL{?@^C^kX> ]T ?I[c ?ev ^c DY:J
I[BI[]c > ? S c h?FIIKQJf^Cn k 6T6 Qc DoW D k#T AH> T?@I I` IVÊG? J|c I[kgD@I>yc > ^T ?tI[?> T ^CI k
>n T 6 I[neQ %XJ c c I[D D `
S T>FcI[D? c D BT IAC?FLI ?F^c D=> T BI[^?@>=D `=Ed^T DFA8> h u c >@B{^ YTACc D DFD@c I[eeeLEdIKIKJ Jc AC>@>F^:I YT I[I > c T ?FI[DZ?v[Q`
DS T B ACc >FEdEaIKJ IK u SbXAHc Ed> EUTtNTJ c ceh c v*J
AHI Bgc J> ` > ACT BgI JS >@> IVT ? ^c BDFItI=DLc ?FD@^>FI[> T?@D8I[Q?@D n 6KbXx T Q ^ ) b BfI[I[?@EsIyJ
I[?@D@Iw>~
L^B{?FÎ[>D T ` I[D ? T AHbXEUTE"^/B^ > T u ?FEd^^:SBYYTI[? A8T h^:ACEG? J c _wI> T eIA8]iNM^D J|c I> ck^?ZABS ^HJkwv1> T > IT IN^ I[S EsJ
BIVY:D@I[> ? `
DD TT ACACEdEdEaE
LgBI=^:>#] S?FIKB _c ID cT hIKIJyACL
B N1u> I[T EsIXJ
I[j DFc >1BYgD@^QBn p 6D1iAQ J) J Edc E
> cL^?FBgÂH> EGT v"I[D?@TD ACbX?@TI `^ ACT BgA8J ~
L^Ck[c >v*S > ACT EdIEdN]{_?@^:ê]iI[e ?F>c N >{` kAH^Bg?FL J1c J> T J
II[BIVEGAJ|_wI[>@D@D>o` D ACT ?@ACI EdES BB ^:b >aê?@> ACT jNtI ^Cu k ACuB
AN
D> TTcAHB?@YI
TTcc DZD1v"ND@^ IVS ]gBACY?ACIV?>@I1L{]?@^?F^> T]iI[I[?F?@DK>NQbXn 6Kc >7 T Q ^ WS k >=S Y Bgc h J c c Bh Y c J|u IKAHJ/BL{IK?@ I[S> cT h?@ACI[EdB I[B
` >Zu v"E c >@h^ ~
cYOBA Y c BgbXv ` c > > T T I> T kACI >c ?yT I[k?tAH> D T T IVAC? Ed` Ev^>FB^YB{IV^M> T A:I[_[?_êS ACB
j:>IY ACc h:BII>FÎ[?@> > T c I[ê B u S k^B
?~
IK S AHED T AC?FI[D u ^B3A/J c h c D c ^:B^Hk> T II[DF>ZAH>@IKvVQn 6 Q ;S >A
x
D@T^:c DB k` ACLg> ^:T ?@I[B? ` A8^:k>F? I[?oc k\]gACACB

?FN > c >u c^C^k\B > ` T D I1T ACÊd> ET ACI[Ed?=^:BD@ÎB{>ZDZAHv=jLiI=I> T ?FI=I S ]B ?Fc ^>F]iIKJI[?@>bXNyc > ^CT k
>D TT IAHEdEgu k^:ACL> T>ZA I[c?ZBv à> TT IyI cD B T T ACIVEdEo? c D>ZT AHAHBg?@_I I1bX^Ckc > AtT DF>^T B IVeu bXQtT n^6 J c Q I[D) v bXec > ^T > ^ T S I[>?
EdYIK?A8ACh Bgc J
B{eY ^c D@> D T S I[I ?o` D ACT BgAHJ EdEg`>c ACk=j> IT >IT eI1I[^DF> >ZT AHI[>@?1IQ=LgIn 6 J
{IKQ A:) J `BiJ> T c Ik ` ]gA8AHk>F>@I[I[??FBgAHACEdEE
>c BT Y1I1>@J
^1I[L> T>FDIAH? SBgEdJI ` AHACD@D@B
IVN >@D u ]T ?@A8^:h]gI#IV?@Li>I[NI[v=B LgJ I#S AEdkN>@IVJ ? c b DF>@AC? ?Zc LJ|SD>@J IKc JDZ_A:^C_[h:_I[^?@?I8J:J ~ `
^BgBACIfeeI[B
S >@D@D >1` _J ^
c ^:h jc J
IKIJc k>^
^|IKJ S ÀCb EdEdACN
>FQ#I[? n ` 6 AHBgQ Jy) kIVeJ|?@ACI[EdDFI D ` u D@AEsA8hhI I[TDcv _` Ed]I `?F^^]
?~~
I[Y?@?F>^ NS BgJ
J I[DF` > > c TBI[IKNJJ
klÎK?=_Es] AHc?@^ ItS >FD ^S LgDFI[I D#c Bg^:J?Xc DZh A:c D_c? Lc} EdI_QIVD ` ACBgJAf]gACDF> S ?FI~
:9 :$XT ::c c :c C:u T
A^CEdBEdÂn>F>n cbXBQc Y kIu DACT IBgAHJ J ?@I[>h DT vyDI>@^?@^/B I[DF> > T ^C`"I k\c >B u D@I[I#u h:J ]{I[S ?@?ZIKÂHvf]iEsvyÎ[?F?ZD@>J|^N|I[B{vX? D òAH` BgT > JTA8h:^> ID@T II1LgLgIV? I[IVS B3YEdI[^D">>FTO>@kI[S^:B ?D
u
LkJ
?@IKE ^:c _Be EsYgAH?@Q1TIKncJDn >@6?@^ I8QtACNPtEde^ AHS e= > LT T E IKcÂCB{D@? YIAH> BBgb ^ J/^b Liv1h I[c > _>FT >I[cIDBYEs_[A A bEdS I[DDF>1I/>_T^> TBgIyI_wj I[c?@J
B{B I[YcDFB>@I?Y gS _YO_E > AHS c e^J
B I ~
^C> c k1BY/> T ACI/ej ^ c BS Y
B
J
>X^>Fe^/Dt^]i^CktI[B]?> cT BiI_kI[>KDKoQ> T nIn:jncQ-BYPfD ACT eAHEULEE c AHB{E YMb A8AHN
BgD1JILgI[IV?@>>~
Tc ec eAC>FDFII[E}k u > c BTc DBS Y]Dv]{?@AHI[?@DFI D c BS YD@I8LiJ ^> u Tk^:?u ^CDFka>Z> AHT j I[c eBY vVQ\en:^:n Bx I[Q N+^:T B3I[B > T c I[BgeAHB
v ~ `
>eT AHAH>@> I#c DtLiI _[c ACBEdY:EdIKDJ AC?FACI eS ^D@BIKYJ eu kI[^B/?>YOT AHIfeDZLACE ec BI1Y ] u J|S N?@]iS ^>ZADFIKv v `*` bX^T BI[ItB3e AHS B D@c >~
j
_^B?F^ ]gb ^:?Z> AHT EUACEdNy>>F] ^tS BLic I#D T LiI[AH>@Ed> Egc B{> T Y û DFDI ACeu ]gA IVT?@D@h^:A8BNODZAv vVQ*bXnT nCîIQ c ' > T I[I[>?X> TYOI#AHej c LBEdY I
bXACnBgn T 7J^QaLgACPtI[DF>"AHD S eê?LA8ItEdI[*?@> ^DT ?` IJ JJ AHu ACc BgDFBy_> cI[^Bg?F]D#_]i> ACc ^h:Bg?FItJy> S eD B c B{AHc >?@YNj
I[DX?Fk^:D ^C`? k_c >>? bXSv ` I[c EE*_c Ije~I LibXIV^B c ?@DF` B I e,
u IVeS BJ
I[Li?BgACIvVD~ Q
Ed^^_[B_ YS c ]gB{AHY/> c >@^^B{D AC` B AHBgT JI[?FD@I[I[> Edc Ed_[I[AH?FE#DDF^HIKk_D@> ] ` c >? Tc > ^:S D@^ IS DXk^:E Edc EU ^ S bX^c ?B` YEdI[k> ^:?@TL c ce JJ|c I[B
B ~
D@AC>?FACIKB
vy>@D@EdNyIK_wLg?@I[AC>B c > D TT c I[k?@h:^:I[eD ` T{J c b D"I[>@Ed^ E b c B3BaQ> n:T nI?FQ IKW ACkaEdeD S _ ^HT ku A]iI[j ?@cDFB{^Y B`D > bXT T I[N^
]L_^?ZE c B{A:B_D@Y >Z> cAHT_B
IVAC>@DKD#EdQN LinI[T I[n:ACB ?ZAHQ D@D@IVDW I[BBTcA>FDt^kY^_[^
?FA êS J I[D@Iy?tD S Y1L?FACIKIKEdAC]g_>>FADI[B> LOTe N c D c >> N*uT h I c cA_w?tIbXk^C^:c k[DF?@Itv1L c YOeJAHJ|AHeI[B B ~ `
>nT n:IV?@Q Ik.^:?@BI ` I[h:D TI[?@^ NS EGeJACBB ^>bXT ]^M?ZA:A:_>Jc J D@Ic _>Fc D >TI[cheI[BDFI[E}kk^:?>F^/AC>e T S ACD@> I[eu h I[c _B
IK>Kv Q
Iec > I[T B
IV>?A:D@_[IK__^:?F?ZI[J >@cEdBNYy^:>@?^ ^T]ic DXI[BJ Edc N DZ`_?F> I[T > I/c ^:Baj cQB{nYn:eQ A8;N S c>#B Agc _>D T ] ACS >FB ? cc DNOT A ~ `
AXJ c DZ_ A T c AHD@NO?@YA Iy` AC> BgT JyIA J
I[,
LS >tJ
?L
A N/bXEsAHT Lg^^ AHS ?@?KI aS A Bi;ACL?ZEdA I=T >@e^1AH]gBgA8AyNtD A T AHEdBEI ]g` A8D TN AHc Ed> E
L
J
NI[?FcIKB{JD@>Ze AHEdc EUBgeJ I[` B
> >@T D8IfQ]gn ^
x^9 ?#Q AH. BgB Jb > TêIfDI[c B _Fj`:c` B
> kT ACItB
>Fj D c ` BeYyIVD BT AH^HEUEkcJ B c iDF^c _w?>~
]n x{S 6B Qc D ;T eS >XI[>B
T > ^bXDFItc > TAC]A ]i^bXc TB
c>@] IKJ ` Au >F_VÂCBA:IJ
` e ^c ?#B cAfD@>F?@I[^:?]g] ItS ACLBiE cJ_VvX> T A8IaAE c c j?@I:D `Q
bXD ST c >F^ ^` ?@LiD ` ACj> TI8JI/L
j Nc BY > T D I T AH Ed?FEIJ
^CI[k ]{?b c hIKACI/Ed> ^HTk` > eT I AHc ?1?> ]T ?FI^]iL I[S ?@>D N
c BQ-I[D@n Dx ^Cn{k Q
0> T ^:^:?@D@Y:I I[?@bXDXT ^H^#k\DF?@Es^CA8N
N ACbEiIK^J ec _IV>FB D `[` c > B
T kÂHDFB
I >@D bX` ^:T ? ^; _^?ZA ?F?T S e]{AH> BgTACc D D=` e AHBgc BJ1c >D@T>FI[^?@D@D I `
bX+T T ^tI[B{DFI[I[?@hh:I[I ?TACc B
DN IVBu I[EdI[e YOcAHI[EXD ` >@?Z> AHT BI1DZj A:c_B> Ytc ^:DBgT v ACEdT EiAH] DS Lg>XIV>@I[^BJ
_wIKÂHe> T ]{QEUIVn >@xIKx J Q
^? u A] S B c D T eIVBO>vLgI[IVB c B ic _w>@IKJA:_[_^?J c BY/>F^> T IEsA bt`
TeIAH>@D >FT I[AC? EdETcDDACBge _wc > B c ^c DFB >@I[c?F>DÂCBi?"J> T BIo^: >S J
AHY:BIXB SeE A8c N1>8Q3D@I[>Fn >@x EdgI Q c e+]?FT ÂH]i>@I[I[?@h:EdI[N ? `
>^T B{ACIt>t> T> T ^ IS DZj AHc BgBJ Y uT]gc eACBgDFAHI[DZE}kvVQD T n AHxEd7 E Q u $X?FIT ~vfItD@D@IVEsA8>@>@NEdIVI?#AC^CBgkJ A ; B?ZI A T u e> T AHI[BgeA v `
u
u
_[AC)AHBiEUJ EdIK> TbXJ{Iv c _bX,
Iw~S T Li?^yÂ ?Fh`Bc T ^:IeEsAC>@bXAHIVBgT Dv ^/AybXDFP >@T IKS^3AH? EdS J
D p? Duc B> LiT j
IKID J Y` ^>e T EsJ SIDF^HDF>]kI8c AA? c_ > T; S ?^ ACA S BgT DJeE ACcACEdBgEgS A:Li^v I? `
_AC^:>ACBjD cA:J
v[I[Qo?FnIKJx {ACQ DX. eBIV> B T ^bXD@T I^k^ _S ^:?=eI[e hI[c >FB >@`
IKcJykoe> T ÎV?FN>ZACJ
Ei^yD cBB^D >=u ]ieI[?A kT ^:AC?@]
e ~
cLiAfBIK]gJ A:I[`_[Bi_u AC^> BgT?J_I1I ACe` BiEd_ACI[I >?@jybXT^Cc c e> k[T vc A> B T gkI1I[c _eEG>XA ACb _EdÎXQo?F]gn]gxAH^:?@?Z>=AHQ E*D 0 T ] ^:AHS ?EUB E*h c LicD ^T I EseAHu > c I[ceBB
Yt>]{?@AHAI[BgDFP JD@IKS J? B{S Î[pB DD
>^ T S I1DkE ^c ?FSI TÎK?A:_VJ ACEdbXEdIKcJ> vT ,
A S T?ZA ^:` > > cT ?@I1^:BgD v[c Y:|Bk^^H?#k\J
At? c >BA8j hc I[B{?FY Ba:u >kT^?=IyD@D@>F] IKc AC? E c c> BS Y ~
u
AAC> EdTE; Ik?ZI[A EdY:EdT ^^ eEsb JDACT^CBickA ]À AHA ;>#?T eA IKTI8AACeJ
EdEdD ACI[` DFBgDIA:gv __` ^:E S?@A/]J
J
DFIKI^:JQYgkp ?FDn ^x ke^
^Q AH>KEU&EklgDZÂ:_?tE_S ?e c}J
S IK_?JIVJ
D I[k` ?@? ^:cIB{
e Y ~
_ACELS wJ
IKI8_Jy>kAC?FBg^Je Ic gB_DFE >@S ? J
S IK_J> c ^:kB?@^:ACeBiJfAHEUkE"?@^:?@eI[E c Y ec ^ ACS >FD? c eJ S ^C> B c I[c AHD EO` ACEdI[EdE >tc AC> BgT _wI[I[e D `
bLiI[ACI[BgBJ
L{IV??ZAC^CBih:J
I[IK? J u > bXTcc D> Tv=IKu ACc Bg?F>J
T I[QE c Ln Edx IKvoQ e,
SAC?F_ jOT Dou e ]iI[S ?@DFDF>o^LgBDI1v _[bXACDFT >^ ^HTA8L
hN I
>> TT II[c??_w]gêAH>@]iI[?FACBgD@DACc EX^ByACBiBJ ^?eAACDZ>FACI[?@E SBi>ACACE> ?Fc ^:I[BaEsAC:> >c ^:T BAHD> ` c DAHBg> T J I?@>@IKIK_wA:I _ c hTIc BBYtI ^Cc ~k
u
]T2 ?FIKAHI[A:DZB J_S ? L
Qc LgNIKnC> J T 9 It]gQ IVj Bg;"c BACS YBg> `_wI[L DeS ` >XIVe BD TS ^HD@ACkw>EdvyEaBLiACÎtEd>EeLg_[AHIA:D@J
>@L{I1IV?ZD AC>@Bi^bXJ
]gT IKA8^/JN]i^> I[B/T ?Ik> ^:T T?@Iyec Y kT ^> I[?FT DFII>~
ACACeeI[I[?Z?Z_w_wI[I[eeI[I[B
B
>8>QD T nHAH EUE
6 LiQ I 0 c ^B ? gc u _D >@S I8_ JtT ^:vfB^C*A I[; Bg?Z_A IVT De> T ACIBiA e ` ^c J{? J
T EdI=I[ee^:A8D@N >
Li_ T ItACLg>F>@ACI[B EdD8c D Q3T IKnCJR
nk?FQ ê;"S > > T Itu e?FIKI[ACB3Ede ^Hkw` v1j:I[^:I[> ] T c I[B? Y u T_[cACDDF>@eI[D^v B{`=I[bXNT AH^ BgJ T A8Thc ID
S]B? c c h:B
IK>@J1IVBO^H> kgc ^> TBgIAHc EU? EdNbX_T ^^:eEdIe ]c?@>@^:>F]gIKIVJy?@>D N*S _ T c k _u ?> cT eI[NI[D _w` ^^ eS eY T c >X>@>@>FI8^JXLg> T ItI[J
eIw~v
cj B
c >@BI[Y/B
> e c ^:S BgDFAC>EdEdBN ^:` >> T >I[ACNj:ID T k^:AC?EdETLic IeLgD@I[AHE}B k#c D> TT IKIJ]Q/?F^nC]i I[x ?@Q >N) ^Chkc A?F> S e^ AHS B D
Yc D1S{c>ZEdA >cNB
>@^CI8kXJ eLO^:N?@>> ACT EaAHD >tc BaY aSLc EdS> > u ^Cc kk#T> T II>AC^Cj*IVI[D BgJ
c >IV?Z^ v[S Q>1nC^C:kXgYQ ?FI[% IKA8J h `c BT YI
>T AH?@? ^ S b BgBA ` D ^:S ?#_ T EdI[> A T{ c eBI Lic I[B
D@>@>F^^ b> T c I >X^b BAC>FAyI[? EdÌKAHEd?@I[B> I8TJc eAHBgJ^C*h I[c ? ?F> cS >^ S>@^ D
TT; IAH?ZDA T T EdÎKeEsACJ
?FACD1BOBi>o>AT > Q1TInCI D _bX7 I[TQ#]^:>F=?@EdIIAC?I[S I8hBgJI[A BA c c D#^CDoh:> > I[TT ?1IyIj EUEUc^:^:B{?Z?ZYJJfDK^C^Hk*kA > ] T; S I ?ZB A bXc T D T TeêEdACI IVBiBObA > ^:`bX?@kEsT ^J*^ ? Q
n]C
?F^]iQ I[W ?@B>Ny> T ^CAHk > u eu _w^^S?@>B
AC>@Es?Fv*ND v c `:BbXBI[T ?FI[D ?@` Ie> TI[BIAHj ?@c B{IXYLiA8^h:?FB^ c cJ
B Dou>ZJ AHSj IKc B{voY> c > eT II
u AHBgJyAC?@I8c voEd^BS YH~` E c hIKJ T ` nC
c Q b ) BgJf> T b I#_` ?@^:]D^CT k*> T IT{c T
S DFLgACBgJOc ~
eB^:IV> B` DFAC]Bg? JBYB^] e c I8D@AD _T AC]iACIKD J > u ^C*ACD@Do]DF? ^ c B{YOB v AHc DBgJyLg^:> ?@BaI#Q_ nCEs
J
?FQ I[B;"J S I>
>>@TIVBOI/> c j ^c BgB{AHYEUEdDNT Y ACc Edh:E I[c D#B g]icA _c >B^:>@B^ ; A ?ZLiA T ACeD@Iw~ACLiBiÂC?FD B ` hu AH,
? S c ^ J
S ?ZA:D v u `=j bXc BgT J
^ D#^Hc B
kwv~
_A^:j?@]ic B{^Y?ZAH] E1S ] B S c D B T c DI[TDeAHBI[B
c > BB{bX^|T_wc I[_ B
T > _[u A eS ACDFIBgv >F`gI[T{?@?Fc D1^?8Y QSc nCEU>
c DQ _w^+BDT c I[JOB ~
I[A?F_VIK J/S{c AC?FD=I[DZYv?FIKeACI[>#? AHc > D bXbXT T IVI[B B T T II1] D@SIV>@B DXc D klT ?@I[IVItD Afu S Y D@S>Fc EUEdN>NvVQ eAHBaCL S > u T I
:7:9 :$X:T
S :T:u:C
n Q Dy> I eACB{BI[?y^CkwvyJ
IK_ c J c B{YD Sc >@D u kAHEUE c BY
v
ST BgACD=J
IVLi?I[I[> B/T IJ
IKI _c Y EsAHT ?@>@IKIVJI[B3AC>"> c EU>FIVEdBI[DY`> T LiQI[>n b 7{I[6 I[Q B() > bj c ^BY E c >bXc YOT AH^yB
> >T
]iS ACDX?@J > cS I[EdD N `
kYOS A E c B3EdD _wT^ Sc DXB
J>@? S c >I[cD IVD bXc TBc _ AT3_[_wT Î?ZJ{T ACBgACD_I BbX^:>c > TNI[ >yS D@YO> A c _c B{I IK` J e` A8AHNyBgD@JIVI[D jT AH>FEd^ E
cJAB_[S Y_wEd^NyJ ?Z]J{S ?@ACEd^:NBg>@_IKDFI _I[>>@bX>F>EUc I8T > J TIVe T> T c bXDI T _wW I[^B{B S D@>B
T c >@> I ?FS N T>@` I[AHD ACDXàBgYOT J A Ic BT D I8A8T Jyh ACc Ed>BE T Y/S I[D@e L I SQ\T{c EUn c>fD7 n{kS ^:Q >F?@e>@% D A8^:ch:D@B >~
I> T^:I[?@?@>Bc D8^QBDyn 7:>@x ^/Q ?F; I[Ne]^Ch:?FÎ >@I8u >_T> c ^BDFYI> eT ÎVDFB I bXbXT T ^^yACE c ?Fh:IIBAC^D _ uS Lg^ I8S _DyêE c j:I[IKDZvv
)>@I[?FB
NO>=AC^B{BDY ACS BiACJ(?J L
c BNYt?F>I[T eI ^Cc ?Xh cD BS Y L> I8T _I>@D `> T ?@I8Â?@B{_ TD ` T jIKcA8BhY:IVDBa` QDFn ^7 EdgI[EdQ N $Xc T B
I ~
?@T IKIAHEdJ
e^
I[^CDtkB{> ^T >tAC>] S j Bc Bc DY T bX> T T{^c IVh>ACI[Dj:Ì[D u bXTcc EdDED LiT IKACvt?FI J c c DFB/> S j ?Fc LgBgI8J J3` >ACT Bi^ J S YT T I
]u bX?@^ ^:Sc Ed>@?EsIKvXc _wD T>@EdÎKDFJ E Ic jL
IT NIKA A8> hT u IVIyb BaIVD@QEU>FEs?@vn I[~ 7B{7b YQ> ACT >F;I[^H?@S I8k > JTc ck >@D?FTI[AHc I?@DtQ3e j n`c B7c >Y
{J
QbX^c e' EdE\I[>y_Li^:I> BT D@D@I>IKAC_ j B
S c >@?@BEdI NY `
bX> b T ^^3D@^:DFI[?@I[>@D"D ^Cu k*I[>h:TI[c?@I[N
h:> I[TD c BbXYOT v^t> J
T I[?@]{^ ?S c YhTIX^:T> cT DI[?FD@D] ^Cc I[kiD > ` T JI c c ?DZ_]{^C?@h:Î[]i?I[?F> >T N I `
Lgu E ^:c IK> vT _> ^:T Bg^_DFIKI AHbXEdIKT J*^ Qun D 7 T ^ Q b ) > eT IVêBY1D@IV> EUh:T I[I[DZe v`^:> ]gT I[I#B{EU^:Nt]gAHIVBBgJt?@^:> TY S^DFIVID bXu ACT ?@Î
>eT AH^:?@D@jIKIVv >ZbXACL{T EUÎD_S^:LeD ec D@>y^J LOc N > c I[u D_ T` IKL AHS > >tc B> Y T Ic B _w^> TBgI_I8DZACACEdIKEdIyJ^C?@k[^:v1Y ShACI[D? c ^ ACS ?FID
LbXS T ?F^#YEs>ACAC?Fj:D IX` L?@^? cL{LiLgI[I[D ?F` D _ T c BIKACk>F^D?FACI[BiD@>FJtD ` ?FÂHY BgS J I[D D@` ^MYOkAHê?F> LT EdI[Q ?@D n ` 7 > {T Q ^D@$XI T bX^T D@Î
Eec h:^:IB L
c I[N3D ` >@DZI8AHABg_ T_>c Bc eY û B > cT ^ IS D ]gIVT ?NOk^:]i?@ê_? AHc Bg>FI[_D I` ^CAHk[BgvJA Sk^:D@?@] > c S _ cB^ IS ~>@DI[Ed_EdI[I[?F?@ID ~ `
]nACBg7?@^:J]gQ IV_w.?@EUIVEdNhÌ[_ e? c AHTI[EUBtDAH?@E^CEdc ^kh >Fc TDBc` YY nT L
N9?ACDQ TB^$XjbXT ACc I[BiBD@Y#J/I/> ]ACT TBiI N
Jc ?D c > ]_ T c?FIAH^ B E D _c jc bXIVI BgT bX_^/N T A^/c By_>D ACT c?@ê>FbD ~ `
>u TD S IV_eT D@IVAHEUDZh:vRI[DoB^^]iB
I[~ )BEd?FN NO` AHAHBD D b bXI[EdT E^ ACDob ^:IK> AHT ?I[?F> D T bXIT e^ ACb ?FACj
EdDj ^Hc Bk J) c ?FD@NOY AHS{Bc DFD I `
TnI16 D Q T %^ S A8Esh Jc BjOY#B{J
^ I[b >FIK>@_^>FIKLiJyIt> >T T IVê?@B{L
D N#u ec BIK> ACT BI1D*D^Hc kgJ
>@If? S ^CD@k > T{b c ^DX?F]i> T I[N1^:]]gEdIVIK?v[~ Q
D@DZ^:AHeBD It`CbX^T_[_ ^ S ` ]gJ ACc DF> Yc ^:SBc DDtc BACY1BgJ> T L
I[N/eeDFI[EdI8hACI[BD D` u^C]{kX?@D@I[]>FI[c I[BgD J`*v"b >@I8ÂCk? ^:c BEUEdY^ b hAH> T? c I ~
^_^S eDteJ c DFc >XY S^Cc*D@I[IVBgD `_I[T DIv ` e ACSBgD@J>tL_[? A c S B{D@YI> > T T I[I[e ec >@B
^>F^ LgT{I c Dc B]gDF>^ c b YOAHI[?8>@IKQJ n:u >Fn{^ Q
$XL
NT I[> BT I T c ?=A8hD@I[c Bh:YI[?ZAH_[AE\S A:D@_I8> J/c ^B{> T D I` >@_^y? c LieII[]{D ?@ì^bX_TEsA c c_ eT I8> J T I[c BNA_w_[^_we^?Ze J{cAC>@Bg>@I8_JI
bXc Bc Y> T >F^3> T >IT kI Ac ?_>FDDF>@` ?@> IVT BItY> j T c B{AHYBgD JT AH> EUT EoI J c ?S EdN_? c ] eS IVB DKc DQT n> T x I[eQ 0 A:^:_[?_^> ?T J:I ~
bX^Chc I[_@j:?IK> J
TBc DIVD@IKDAC?F^C> ktTaI[` h _[c AHE}~Be B^c Bi>1J
LiIKItJ?@> IVTD@>@c I[?hA IVc BD ÌKJ bXIwT {^_wI[D@]IK>1_w?@L
I[>FNEUN] S ]B ?Fc ^ D b T ~ E
e>@? c I[L B
S >8>@QaIKnJHg^:Q?) _[ACD@DFj:I[I[eDLAHEd?@N:I~ T D@^ ^:S EGJ DFI[` D L`:?FT ^^ > S T D@I[I[EdDD ` bX>T A8IVh?@I[I ?FBb DAH>@ACI[Bg? Jc Dh J c _c D>~~
SD@I[ACeEdEdI[L{?8E cp DXI[D D ` T AH^Bg]{JD ` ]_Es?FA8^N:DF~ DT ~?@^ ÔS A:DFJ
I[DD ÀHb BgI[J/EdE}_~^:jOBgB{_^ I[b ?FB/>~?@>@^
?FÎ[I[eD `D ` kI[nD@ > 7c hQ I. ACEsDJ ~
YOBgAHAC?Z> J
S I[?ZB{AHE#D ` ACklBg^J(?@IVD@AH>@?@D > ` c} > T_ cI1AHEXD T Y^:?F]^CD#hI[^HD k` ACn:?F> c{DZQ AHB$XD ` T I[I[eDFI]{>ACNBiJ3J b > I[T EdI/E c BE cYjD I `
]D@^:EsAEGJ _cIVIVDa?@>D T` ILi^j > c B{T YXDF>ZD AHT > AHc EUÊBg_VAHA ?@S NDFIAC>FBg^#JyLi]iIACY>@?FS ÂHEd?ZE cJ
BI8Y J1` L
AHNBgJy_^:L
eN]gDFAH] B c I[c I[D D*`:c^CB k
^?@I?klJ
Î[?@?=e>@IK^tJj:> I[TI[c]/I[hA IVb D A8`NfbX>T T^c I[ACh:D@I[DFDK^Q_ cn:AC>@I Q bX; c N> T > T D SI_ eT IKu AH?@B^YDS ^CI[k\D_wv EU` IVklhÎ[E}? ~
Ed^ b > T I[eACBiJyjOB{^ b > T I c ?hAH? c ^ S D"eA_ Tc BgAH> c ^B{D `8T I#e S D@>
C

Ju ^HI[>FIKIV_? >/c BYACBi> JT I[J
eI[DFv=>@h?@^CAHN(? c ^ > S T DXI[eJA Qc B
n> c :IVD Q` ^Hk5 c BgB
J
>@I[?F^|?J > S T _ I/c B]Y?FI[> T>@II[e>>@^C^ k
u
^C; kX_?ZIVA D@?@T>FDy?@eI[^CB{ACkaYBi > ACS TD D@` `> cAH> _T BgIKI J1v[Qû D@Bfn] >c IV{T DZQI=vf]$Xe ?@T IVS ^>@D@I[DF>1BgI_weAHI#eAH^Cj^k IyB{D Y> T T ^> IVT bXeI[c e B{eY#bXI[> I[T T > I[^/eu >J
vT ^kIIKBAC^H^>FksD>~
u
L
>@_^:^:N(YeI[> I> T T ` I I[AH? Bgj bXJc B{c YO> > T Tv ^:` > D@>T I T I bXI c ?oT j k^? c B{c I[D YBiS D@J
D ]iDT IK` AH_LEU>1EtEd^
> AH^T >@JtIt>ZA:?F^_FI[EsjEsJ AC>L
c >N^:T{Bc kDIV^:`h?ZI[AC_DBiIJI[ACe_Bg^]JBEd^CB{D@N:IEsA8IK
NJ ~
cJ
ÎKBAHD8> Q\Tan:` u 9S QBEd) I[D@ DS >ZD@AH>ojj I[c BgBv Y#bXD T c >ACT EdE
>BT ^:If>D@_V>@A ^:S EdDFI[IBAY>^
T{^c J
IwDkg>@u ^1c B LiTIXc ] DXS ]i>o^>@D^ ~
D@> IVT D@I D c c^:eBg]v[ EdI[Tec e I[B
>@bXD T u^ ^Hk#u c LD#S >Z?FAHYjEsI[ACBi?FN|v v bXòc T > TI>eT A8IyN D@`*>FbXÊdc I[> B T ^ YS ^
> ^TJ
DtIVD ACc >ZBgAJ ~
>Y c c ^:h:B IX` k_[^
A ^S JD@I=>@^y>@^X> TLicI=I[h:D@EsI[A D#c Ba^:Q*?XnY ?Z6AHQB
>X) >EdET >I[T e^D@?@I=^
AC^:EdezD@^ kbX^?T ^ u _c ^BBih _c IKEdACEsACE cYBIVY D
>nT :I nc Q ? $Xc eT ]^:D@EdI[I ebXI[T B
^/>@DvACò?FIT I/AC]D ]iT ^ ACc EdB
E#>@_[I8A J/S >FD@Î Y >@^S ACLi?JI/]] ?@S ^C>h c>@Bg^3_IVJ
DIKAHAC> BgT J Q
TD@]ic DI[IKhJ AHc EdD@NDAC] EdD S B bXc DT T ^ E Tc jA8Ih:I/> TLgc I[IVh:I[I[B-D ` ^:u ?Zc koJ
IV> T?@IKIVJ N?@u IV>FêA T c I[BgEdv]gv c BgÀT _wI/> c hD TI ACc EdB E
u
u
DI[ACSDF>F>Z>ZLACA:D L{_@c D@j
E >Fc D D D#T L
IKLONJyN?u ?F>S ^T EUI=LILi^Ck Sk*I[?FE> DZT v[EdIXQ(eEGIVA nBObt >ox ` ^HQ> kwT v"2I > u ^:T j ?@I1c I[B^CEsYOA h:vbtI[?D ` T J|c ACk I[Ed]gE
AACD@I[?Fh:>@eD=I[?@ACkIVBi?FEU^vNyeò] bXS> TT B|Î ~
c$XD TT ^:TD@cI ebXT L
^tNJ
A ^# BB^:I >o` Y u c LghIKI_VAHA D@S D DFc DFI >ZAHT BgIK_v1I#h Ac _V^_EsÂC>F?IKJ J c BTY1c >@D^1J > S T >I NOc ?QAHnL Hc gE~ Q
cJ
>I[N DF>@bX?F^CT NI[IKBJ ` A^:h ?/c EdEsA ACY:TI c Y c T
Db LiA8I N3c B?FY ^L]LiE S I[Bg?@NJ
I[_?FIK^Je` e Ac >@J
>FN
IKJj:I ` Dc DtT AHLiEdIEc BLiYI
LgbXAHT B ^c D ?FT ÎKLJ > bXT I1c > Tj c B> TYgI p D=c ?#>@?FY:IK^
AC^|D J|S D?@N/AHBgACBiJ/J_ T > TAH>@^>@DFIVI EUD8bXQtT n^y 7]gQIV?@. D@IVB hI[> ?FT I ^:D@c B I
^^Ckt]{]g_[^:ACD] c cB>YACEXu T] cS DtB _c D^T eeeI[B
AC>Bi` J
EDZc v j`
I T bXIc D@D IT ACÊdB(E c > B T g^c D@_I >1bXhACT ? ^3c ^ S_w^D#Bj DFc ] Bgc J
?@ID
bXT AHc >BgTJ
DXT^Cc Dtko>I[TB^:I[eD@Itc I[?FDK^QLLinI[:?FD Q bX;T ^ S ` >L> ?@T IKIAHj j c B{c BY Y/c B
D T>@^ ACEdT E#^ _ S S D@>I[D ^H` _w^> eT I ~
eAc]i>1^ >c B
T >@IIKk>@J DDFAH>Z>tAHjB Ic Q Y T n> ` {ACQ BgJ. B_[A > S T DFI I > T?FD@I[>e_^>@B
^/h Lic _I > c ^:c eB `]gEdACI[Ed>IKJTcê B
>D_[TTA SIACEdD@EgI/DFIKD S_> ^b *BiI[^ J?` J|BIK^Y:ACBI[> I T?@DQT ^CnACkBg:JAQ AC$X_ BiS T J(>^~]DFÎ S B?@bXIDFI/T k^t^
>@^^Y >8c h#LiI I^:Bu >FACê> T > ] TIS c I[>> AChT>@IVc I8?ZDZJ*Jv X` ?@^T I B I `
k? ^
S ÊUIVJ ?` DACT ?@eAHEUEXD ` ] ^:S ?B D c T D TI[Ed>@E IVc j? ÌAH> BgTJyc I[?@hI8IV_DKI Q-c hI[n:?FD#{^HQ ka%D@>@c^:e EdI[BbXYT ^
^^J
LD ?@Ì8AC> Tj
ID
ub > T IJAHe^Hkwvu Ay>ZACB{j T T ItD T u ACEdED@EsA8N u LONJ
c?@^ b B c S B{Y c TT c ev c B
ê?yACA:>@>J
IVT I1?I>@^:^^C?*L
]gI[N A8BgNJ|D@I[> ^?T eI eIXTA8^c NY > T ?@IVI[IVD@?Z]g>tv A cAC?yee>Î[T J
?ZI _IIV^HueJkwvAHI[B
e_V>KACACQ] Y:nIK>Z vAH9` EgQ L] S$X>yB T ^DD T D@I ACeEdbXEI[B
TLi>KÎ
L]?FEdI IKÀCj AHBgc JBO>F>^T ^:A D@Iu ?@^CbXN
T ACÊsvXD@DF>F>@IKÂC?FE"I I[T Ed^ I[S] D@T I AH` BOAH>FBD ÀHT ?@ê?FD@^ I[S D ?F` N ^` ?t^?t_ T AAC? >@c IVê>@D ~ `
T>ZAHItjDIT AACbEdEA8D@NEsA8>N T bXI c b > T AC^ >FI[S ?t> ^CT k#IVD Ac >Z>AHAC> cB^j Ba` QXen:AJ
6 IQ ;"c BS > AHBgT _ I c I[bXB
T>t^> c DeT I[ACDEdE `
^]g?yA8ND T > ACT EdI E _ ?FS D@>> ^Cu ^?X> EdT ^ Ib I[D D@S >]vX]ACEdeNIV^C?Zk _I[b eACI[>FI[B
? >K` Qoe n:S nD@Q >t;"LiS I> eT IA:J
bXIT >@^ ^ `
Ij gc B_YgI[]{p D > Tc B/c Y T A~?F_[ÔAHAD@ItJ ` ^HD k\T IACEd>@Ea?F]gI[eA8NIf> Bb IK^_I[jDFAHD c?@>D N T ` ACJ|]g?@AH^Bg]{ACD D1 ACEdBg> TJ ^:c eBe> T II ~
JYIVc ACBO>F>I[EdB{NIK_?@I[I[DFeD c ^C>hN I` AHu >BT AHAC>ZY:v IKJ Ede> T ACQB ` n:Ax ]Q ?FI[;YS Bg>AHB
A> ]ib I[^?@eDF^BACB c ` B ^?S ?A ~
c_ DTc AMEsJ D@` I[D >FT >@EdAHIKEUJEoLi? IS Ed?@II[Q ]{? nc HegAHQ Bg)J
IKEdJ/E] AHT BgN
J/D c __ Edc IKAHAHBBD > bXT T I ^ u ]{>@?FEGA:IK_ACIK> vV*u > > T T I AHc >?
7
]geACAH> EUc D I[`B

> >@TDZv I b ?F?FD@^> BY:u ÊUN ?XEdu ^ D bT AHI[EUD@Eo>v[]g A8c NBv> A T I B_[AHID@ Iyc B ^Ck > TT
IS e_[ACACDFBILg^CI kc BAHY:B Dc ~ `
>AT LI? ec J
Yc JI J
` Ed> I[T eI ^ DF>ACY u AHu e^CkI[?A_I[>@eIVeI[B
]>ZEdItv[Q^:?#n: ?@7^CN
Q ACEo% ]gI AHbXEGA:T _ÎKv `J
I[ADF>@]g?@^:^CEUN
I D `
^T
?S Bgc eJ
?FACIKY:J I[D u ` ]gD AHT BgACACEdDE*v[?@QI[]in:A c {?Q > T 0 I ^?tbXTA:J^:EdS I Ed>@u I[J{?ACACe> c B{AHYYIKS v"BgACABgJ JS EU]g>FA8I[N?ZAH >@IKh:J I
Lge_^^:I[e? B
c Be>8QY ^n:Ju >c T> {c I[I[Q eD ;` v ACS` Bg>> JT > I T k^:AC ?t>tBLIe?FcACIKDtACB j> bXTc BI T Y/^ Y:?@LiI[D@I>eT uD1A8^:h:^?tI[?DEd^ kJb^c? IVD D@T c >Ze^:vfB]ACI[?@eD@^:>F]gEdIVNI[?Z?F_>FEdI^N ~
Tc B^B{> TI[D@I > u ?F_ D@S >D@>@^^:? ec BI[?F>DZT v"It^?Xe _ c T JIKJ
ACEd>FI[Dec ^:B D@>Tc AHDe]I[? ?c __I[I[De` I[D TB
>KACQEdEin:LgI {Q B' IKI[J >
Tc Bc ezYAH]BgEsJA_J I1c D AC EdEY ]S ??@cIKDFJ^B^CDX*I[B{BgIKJ|AC?XI[?@A DtT{_[AHc Y BT ~Li?@I1ÔA:D@I[J IV`CBabXQT n:IV?@I1Q > T%XI1c e D S bXIVT ?^ ~
J
AXI[>FDF^ >@b ?@^CBgN
v D` >^:T ?oI Lb?@IKACAHEdj
E Du ^CA kau A1>@^ >Fb ^ b BgvBg~av YO` ^:AC>F? I `CEdT EUD I=S D ]T AC> EdT E I#c B{J D@c>Z>ZAH_ B
T >@Edu N1?@^ LgS ACBgB
J ~
kcEsDÂCT >@?"I8QeJ nACu Y>@9^ c _Q T? 0 cc e>FÎ[?D AHAHbXYOEdA Ec > c cTBBgDF_[?@> ^
ACbXB
^>>FT DAC^> eu c ]^:?B> AD T _I[>c B
N/c DF>FIKI[ACJBg?FIJ
L
IKNJ Jc ]g?@I8>@I[^_?F>@D@IKJ|^:J{BI[vD@DZ>F` v=?@AC^CBBgN ^:JR>E c k?Fk^:II ~? `
hD T ACAH? cEd^ E*S LgD#I j c cB BggJ
c D1_>@^HI8kJ*QXDF^n?Z _w6I[?@Q N % ` IA bX B{T I^^HDFI[kEdEd> D b û kl^TO?#S DFBgI[J
IK?@J:I8~@J _^:u?@]gB AH>BgT ACAHD>v
bXD@^ Tb c _BgT/v ` c ACDZBgvJ B^T >I D@bXI[T I8J:^~J|_wÎ[D@?@>FB ?@à^CN
T DI A=bXLgT ^ ^S Bg>ZAHJjAHI[?@D N S u ~]eD@AHI[?@IKjJ v ` u D ACT Ed?@AHI8EUAE:J
LgNI
]A1S YB ^:c EsD J
T D@IKe Jc > LOTNbXe T S ^y> cLgEsIACT> c A8^:hBaI[Q#D#n:J c DnT Q ^;BIVS D@>t>@Ed>N T ` Iy> T j I1c BeY^:D D@T >AHBEUE^_ _[S A ^S S D@ID
^C0 k^:?AHEd> ET >I1T > IT >IwTk>^?F^HBkD AH` Y>@? ^c _ SLiEUI> S _ ?ZS AH>tE >Fc e^/]] Edc I[IKe_IVI[D B
bX>FD c ` > ^HT k?ZACA ?F e^?FDDKAHQBgn:J ^Cx k Q
eA_[IK_wJ^ cS _ B
c B{>I[> D T ` I1EdI[> >c e> TI Iu ^Hj kac >BT YIA ^Cb *ACI[?BgJ _IK] vXS AHB Bgc JyD T > eT I I[B
S > DF` I >uAC^Hj kac B> T Y Ic B
^L
>@^ ~
?@IKIK_AH>Edv[e Q `:nTCc DXiQ >@?@$XI8ACT D IS ?@j N c `gBT{Y/c D#ACBgAH?@J eTN c `DtACe BiJ c B T{c D@c >@D1IVAC? ÈdEdNTc AHD?@It_[AC> ] T c It>ACDFE I[`hTI[c B D
_DZA^cB{JRD@> >@c ^ > S T I[A8B
h>1I]gD@ACI[?Fh:>@I[D B/u ^CE c keARLDj c u B{AHYOBJ
YO^:A:ev[Qov[n u 7T I[Q Bg;"_wS IKvt>XEdAI[> j cTBc Y
ezJ
^j
e B^ bc D
u > T AC>vu bXACTec ^:TBYT > T IVD@I D@I[h:I[B-S _^:BD@> c > S I[B
c >]iACS ?@>FD^CktA ` j c BYHT ~
IK>J
TAC^?FIfe E c YIV?@? I8uACBg>@IVAC_ ?e_[IKAHJEGA8vAHhe c IyDXc Lg>eN
IV^Q\I[B?Fn:I I[cBeQ ]i eÎ[IV?F> ?Z>ZACACc B/>FB
IK>AyJAHv j Bgc J B{BYOu J J
c >@^:D#IeJ|Î[_?D@^J
>FB
?I[S>? A _c> IKB c A:^c B_BgY v
D@D@I[>A8h:I[B3u ^H_k^:BACD@B> c >ACS DI[_I[B
> >yc _[]gv AC` ?F> >@T D IV`?@bXI Tc cD1_ TB^ c D u D S c ]BTYEdI[IEsJ ]gAHE c ?@j>ZIyv> eT I^?F>FI ? c c ]eEdI ~
]g^Ckg^:>?@T>ACIXB
> S u AC> E T c > AHc B/I[Do> ^CT kgIyI8Â>_ TT I[kl?F^DZ?ov ` > T LOI=N^?F> IKT ACI[DF?F^DKB Qn:^Ck{> QT I0 ^:c ?aeIK]gA:^:_ T?@>ZAH]gBgAC_?FI>
c>ZD\A c]iBAC?@^> Lc _ I8S _Es>@ACD ?FÈUNyu AH BgS JACE > c}T
SIKJfDvXk^:IKA:? _ u T> T c I1D#AJ
_[IK_w_wÊGAHe?@IK]{JME c D >@T ^yeLgI[ItB
>>*T ^HI1kwve_^:IV?D@~>
cL
eN ]ic ^>@D1?@>eACB
IK>=AHBk^:DK?#Q> nT AC{>1Q ]g; AC?FN > c D@_ ] S c EsI[AHD ?#` ] L
S N?F]gA ^:uD@]I ?FbXI[>@TI[cBi_ J
T IKJc D1vIJ *c IKDF_]>FEsIKA8J N
^CEdI[kX>I[>BT I[I?FYjN c` BACY3BgJ_^:L
BND@>AC_[B
AH>@?@Ed?FNN c BACYD_I[^ ?FS >Z>A c uB hACT? c c D^ S ^ DZb v BS BgAHJ
BgI[J ?F>ZTAHjc Dc BI[Y:B
D ~ `
I[A8ek>FI[N*? p b DACD@>F??@J
I[D BòY:bX> T T *I[Bn:TIQ 2 T AC^:Df?@I[k ^CS h:EdEdI[N? ` _ACÊdB{EaD _[c ACJ
EsI[AH?Fe IKJc > c> I[T DI cAH?BgJ?FI[Esh ACc > _wc I[h:DKI
cT eI#]iLiÎK?@v">I[AChBgIV_w?I `DFÊdI[>e TS c _ezT Li> c I[?@Y I8cJ B u TL
c ND=?FÎ[]i]gI[I8?ZACAH>@> I8c ^JBkD8A Q c E x:S 9?@9 I[DQ v u ` $XEdI[T > ^ T{S cY e T
LkgA8IVhY ^ c BS ?@T{D=c >D"T Î]ieI[?ZACAHB> c ^bXBT D^ AHYOu D@A >Fc ?@BI[B ACSBg^ JyS ACD@Y
EdNA vXc BaI8klI[^?F?>@D k^T?F>c eS B{D@IXIVEYk ?@c I8B ACT>@Edc N D
SLgBgI T J
A8IVh?@>ZI[AHD j u c ?@B{I[YDFDKI[QeLxEd9{IK6 v=Q > T $XIT I? hc >ZACA ? c`
^ $ S ?@D I[>b A A8` NOqD hc ACB ]gAHbX?ZTA c ` _ AHT BgA/Jjc AHBEY c
bACACY:Y:Î[IK?@DKv EsJ`{vVb T Q I[AHBgj x_c 9 B{InY>Q T> T I, IEUjIVqI[c B] hY c ACB]gcY D AH?ZTc J
A IIVu BO?@^>IV?Xc}] L?@IKI[?J DFA I[ bXB
I[>@Bic D> vT > AHT > YTIMI I` 1?@ACIKAHY:A:E I[c J
D Nu ^:u ^H?>@^kc ?@>A:^T _B I>
>u T^:?I Y$ ^:?@EsIVJ
>ZI[A Bgu v^:AH?\YD Ic EUQ h:xI[?9:x ACQY:IK' v I[` >"L > S T >oIej ^Cc Bh Y1c BI[Y e u SA_EGAH> c>@hI=I[> EdTNIv*> I[T BI#I[?FYI[? c> >Zc A_
)A_wAHD > ? c WS^BgBBgJ
A ?Z^H` Ak ^Ck*DFW BgI[> BgTJ
J
I?ZAD2 ` _w^
^H^k#^] Bc > ^ T` S ^CI Dtk*,
>?ZSTA cBI B ` 0J^Hc ?@Sk#I ? >` c TBAHIYBgJy+> T ^CIyc k*Bg> kJ T^ ` IS ^C?& k eAC ?@^> ACTB
e>Q T A xD#` 9 ^C^Cgkk Q
>D@IVT EIk=?> AT c ItB
N^ DFIK_ACItDF^^HB k ` W BiI[hJ
IV?ZBA ` DFD^T Ed^ I[b >XI[> ?#T I1LiI[j Bc B{I Y >@` D1>ZAC^j B c BT{Y c DXS j ]gc ^:BB Y
J
T^c ee ~ Q
xJ
9:?A7 b Q D ) S D]> > T T I I ,|b S ACB>FI[J? S bX? cc B> TY TI c c DXY T ?ZA8>N
eD ` Î[B
h:> I[T BD D@u ^c eEdI[]i> I[T{?_c eI[]> Yc ?ZL{A:EUNJ:v~
S^ AHEUEd_wNI cJ|B ?ZA bXbzTc T_ cTDtT >ZItA?FI[I[DtD@I[kle?@^L{e EUIVDT>c DtT I j c ,
BS YOBJ
Q ^:ex9 i{klQ ^) ?tDX> T > ACT >I c+Dt>c BgT J I
eA c ?^Cvh:I[ACDEdEgu _IV?FhIKI[AC?F>FN IKbXJT LgI[I ?@c IKB{v Y` D IV` BOIV>FhI[I[? Bc BD@Y ^tu Edc I[B> >TT c eIyD ]iT I[AHB]gI[Iy>F?Z^CAHk=>@I > T u IyI[hh I[c ?F>N:AC~ E
bX?@IVT D@I[I[e?FIKLv1EdI[> TDy?@>^ T S I Y T +Tc cBiD1J*D@Q ] c x:I[9D8aQ > T ) AC> D c D1AC> eT IA^ AC >t_> I T I/c B ACbX]]iT{^c _ c TB
>@TIKJ I
>ACc EdeED IS DLS LI8_>@IKDy_w>@eDtS>F^ D@>XTLic D#I? _S ÊdB
I>@Li?F^Êd> EdTIKJk? LOc IVNBg> J
T DtIACj Bgc JBYik^
gI[> TD ` ACI[> h:c I[DB> T DFÎ
^c D D@_wI[I IVB-c B LibX^ STBic _ J T bXT Ic > T ?FI[D@?FI[ê]iI[L{DEUIVL
D N ACeAC? AS Q BgAx9` I[Qh:I[) BD DFuÂEUDIVc > BBTI[c e?v
]LEdS I[B Dc D T AH>? TS IBiAbXQ c _Fxj9IKJQg> T% ACI > c c DD AT{c Dj c ^ B Y ` _I >ZAHc jB c BbXY TcS _ ]iT^T B IT?Fc I[eD@IVDFeI[E}~k
>u TY:?@II[ÎV> bX_I1c > ^CT koAC> DtT I Y:?@2 IKAHÔ>^:wB ^C`
N|bXv1T AH^:DD@I eu I[AHB]]gkI[I8I[ACE?ZAH^:BgB_IKDFvI[I Tc Bc DXY/D >S T LIywIKk _S >@EdD E
ec Bg^
ACEd^:DBaAHQ BgJx{6KI[9 BgQ J
^ u Wb k[IKv J T IbXc c > DT ACL?Z?J|c I[EUEB
c >ACB
c >tB IVb BI[?Z?@ACY:> TN ` ACACY
BgA J(c BJ
DF>I[DF_>@??Fc^CeNOD ~
bX> T c AC_Fj>IK^CJk h0ACc DF?FDZIACQ EdD ` x{>6T 6 IVQ B ) TDc D> _ T T I AH?Z& A:AC_?@>@>I[T ? c D D1S ]DZA ]ic ^J ?F>@u D>FÂCEd?FE#I[D@_IV?@eI8ACL>@EdI8IKJ v
LiIKI _wc >@BD Y` Dtu >ZI8AC j:S I[ACD EdEdS N ]g` ^:> BT
S TD c eu ADFI[j E}kwc B{v"YO> v T ItbX^T ^_D ItS ]{^H]gk^:> ?@T >@I D& ACEdAHE ?@>TT c D1Q D xS 6 L|n~ Q
Sc& B B
e> u c ]> ?FTEdIK^C^:J N D@` c IB?FI[Y^HD@kw>F> vf?ZT A I[^c DFB> IT > I[ACT?@BgD8c I[JQ hI[^:xDX> 68T Lix I[^Q ?f> T' eIVc IK>B AHTBTcDc eDX` >^ T Bb I^:B> j ` J
c B^:> T Ye ^ DcS B T Y c AC^T EdB{E k` DAHI[ACEUh:EdBgI[I[BJ ?
kcYB
^:IV?X>@> ^T > I[T > ? TI[N IbXìcJ
bX> IVTTI[]gI[TBIVc D1D@>AHACBJ?@Yec IVD@?@>@NIK?FI[JAHD@Bg` D J_` ^ ]TS ?Fc Es^CDJ hh^c IB{j:TD@I >Zc _AH; EdB
I[?Z>@D8A EdQ TNexJ
6 ACIVgD@BiQ >@AC?F+D#^CN >FT ^T^cAHe_B^ YS >FI[^CEG?8J ~
I[u eD_[I[ACBg]iv I` L
J
N IVD@bX>@? T S ^_e> c ^:> BT I`y bX?FTI I[b B ACDT eIA]{J|?@I\^Ch>F^:^j_I[^:DBD >@S ^-eAHIBACYEdI[E?> T> c T B^:YD@D I `
L
ACBiN J bXTLO^:N e-bX> T T ^:I eu b > AHT >@II[?e^C^
k^:> TB I8bv*ÂC_DtIKeAHB AbJ
IyAHD*>@êA:b J
AHI BSIBgACJ
Bg? Jc B{j>FÂCLc EdB
I ~ `
>b_T?FÎK^?@ACD@EsDFIJ
IDou AHeACYOBgI[A JfBgc Bgv^ > bXT x{TI[6K?o^7 Y ]Q S ?@+AC^C?Zh:JT ^c^j:AHIKB_wJ^DaS ^H>@Es^kgJ> ACT ]BI ?@Y:^:b I[D@?^]i` ?FI[EG_? J ^ì` S bXAHEsBgTJ/cJyEd_I ?FJ
IKTI[AC]I >F? Icc BKh:^ I>S T> ?FT I[I[ID?
Y^Ck=^J
E c D1kI ^H`kb > ^ T S I Esc ?tJ J c BKc h S c B?FIItDF> T>ZACI[> ec ^Bg>@^ bXx{T6 {^DFQ I+D S T ]AC]i>1ê?F>AH> B T ` I J
IVu > D T c ?@?@^ I[S IKvD
bb ÎKAC?@EsEdJ
> TD=ACc DBgJy> T > IyT I#Y:IKJ{^|AJ| DI[x{h6 IV?Q ^ b)IX; > T?ZA I Tc ?"eIAHBgc DFA >@I[` BiLg_I I `T AHI Bgc J YBbX^:T ?ZAC^:B
D@I>
^_[AH?1?@Ed? IKc IKAHJ?@BklIK^J ?@à> T c Dtu Ak^:Y:?1?@>IKT AHI>]iJ cI[h ?cklB ^c?@>eN ` AC BgS _wD@I>t^HACkDfA> T L I S ?F B
?@>I ~à^bXLEsT ACIV> >c ^T BgI[?v
Ê c ?1ACB
B> ^:>t?F_[I ACc?FD? c B{IK^JM>k_^^:?FB
> Ta>ZAC`*e c Dtc BgAACY:>FIK?@JtIKAHIV>hI[J B c h cc BB c L>NOS Q ? c xAH6E}~]Q EsA:$X_I[T D Iy` ACLBi? c J E}~ `
bXT I[By]?FI[D@I[B
>FIKJ bXc > T ^:LEsAC> c ^:BD u ^HkgL S >F>@I[?vAC>DZA_w? c} _I[D `c >
[I>ACTeY
IVA ]{Nc BEU^Ce cNBgS _w>D@?@T>oIKI[LiAHeD@I I[D@TDXI[^:Ede h:BI[^c D Y S T ?Fc >BIKc J EdNACc QEdBE xI[u6 D@h{Î[Q ?F?F>@$XN DT
b ^HS A8kwD vfN*` H> ekT ÎK^ ? AHS B3uY IKTA:^_ ;_[T _ ?ZS A^C]iTk[vACe> > c ACT ^:BiI[BACe D D `
c_DêA/I h:I[c B3?@N(AHBOYN?FIKACb >A8NJ|I ^Cc >h:NOI[Q ?@LixIKnAC?9 c Q BY/+>@^ T b I[B(AC?>J
T DtI> T I D T ; AH?Z>@A ? T c N
eACDAHBgLiACID ~ `
>> TT II;?ZD A T T AHe>@? AHc N
BgACACDtD=DF> ]T ?ZIVAHeBYD@IVEUkh:?@^:I[DXeD T > TACEdI Ea;J S ?ZAEdNT e?@IVAHD@>@Bg?ACA D8c B/Q x > Tn I[6 eQ 0Hkc ^:?FI?
kD@T ?@]AC^:?DeACBB^YD@>FIw^k?@B^:IKIe _wR>t> ^b T B/AHI3>@> I[AHT ? EUACÈ}~> ]gbXIVD BTT I[I[AC>@Bg>F??_wACc I> NOc AHB{> DT Y3I[kN kl?F^^b?Ze _wI[I?@;Iy^C?Zk]A ?FT > ^|T eJ ^:S ACD@_IBiIKACJ*uD >Q `=T xc?@?@IVn^:IKn{B v Q
]>@? ?@Dc ^:N
T D@ACAH]iD >@I[`? ?1c LgN
BI ACc ^DoB> Y]bX?@_^:c EdD@> ^]iT DFÎ[I[?=EdS N >1BS^B> D c bXT>FIKAHc >J >@T ?` ^c ]{N
S ?@AC> ^DKDF; ]g;?IVA ?? T A ecT BeAC> BgACT{AHBgc DD AH`CD#u ; b AC?Z^:BgA ?@JT EsJe#vXACD AHBiT BgACA8J D~
cc B/BY> TB Ic Y B{T Iv=D >KT Q ACEdx E*n Lgx IVQ D@>@;"^ bS > AHu EdAE Tj c c D BYb IKbXACTEd> ^T`kI[AIV_[EU_D S Te c DS EsIVACBg>@JI8JJ
kl?Z?@A ^b e ~
ACBgBJI[D `> T Î[B B(; D@?IVA I[T jeJ
ACI8BgACAH> DT` ec B3ACLgj:IXAH>@^C>@hEdII[Q? T{x c nCD=gj Q c B$XYOT
J
S^:Dez_>@^^ BiTJ cS D_DF> ^c B{B Y `
T> c c I[eD ` DFI[AfE}k j cu BAHYyBgJD vT ACI[EdhEaI[^:? ?ZcJ
B
I[>@?#I[B
AH>EdE ^TB c DXu D@J I[c ?FDZh_ TACB
AC?F>@YD c Bu >@Y
^ v b T^c D#?Fj?Fv"^CNOkÂH?=E\J> T S I ~
Y> T ^
Iy^JJ S^Ck> c TI[cD1D^H]gkI[^:A]j EdIc BQ Y x n T 7 ACQ D#$XLiT
I[SI[B D> k T S I=EdEUI[N>FI[J
?@IKBg_AHEsAHE?@EsIKA J*b _wjO^B{Bg^ _b IV?@B > Tc BAHY >
>T A Ic DFkNO^:ACEdEUDt^ bXAHBgc BJ Yf,
? S S J
EdI[?D#ACD8AHQ ]]x Edn:N cQ B ) u J k>FS I[IK?vA^?J
AI[?#c DFNO>FÂ > T T ACIyDyJ ?@S I8>_cI I[c DhIK^CJ k
>ACT >F>@II[DZB
A:> _c h:?ZAHIe>@Î[B
> >@T D#IAHBgL J S D T c B{ACI[DXD@>ZD AHjbXI[T BI[?@A IVLObXN c kI T `
IT I#eD A8T N ACEdD E*S LiL{ID c AHD@>E b AHA8BgN
J D
>@^C^ k_u ?F> IKT ACAH> >S ?@^CIVkwD vyu>F I[Bg?ZACJ Y
c BACY(]gAH_[> ACc vt>F>@_EdI?FIKQ AC>Fx IKn:J(Q_[AC>F0 >@ÊdI? `"bXT T IIVeBA> J
T II > ' T Î[?e J
^CT hII[?fI[B
>@>@^/? S > D@T >FIIKJ-AAHEdc E#D@NO_A{?@oIKAH>@>@^/IKJ> T LiI I ; c B?ZYA D8T Q exAHn:BgA Q` AC) BgJ>@A ^/c D@>N
T A/Ie j cS BD@Y >
BAI[h:I[A ? c D@uNO_A ^Bgc D _wI bXc hc EdIyE c >BTY c DZu v >F^bXcj:D I[TaI[`] WX> bXT IVc EdeE*Bv `^>X> T j:I[I[NI[]e _[S ACD@>F>>@EdBII[ihACIVBg?tJ Lgc I k
jj
I[B]{^ >#b L
>N T Iu e?@IVIVD@B/]i^CIKk[_>vXc h:Î/> T hI[?ACE Su _VIACD@^H>Fk#I[DZYvVI[Q ex D n` ^CQ k#u ]i) IKAH?@EdA D c `DFNO^CAkv=_we ^?ZS AHD@E > `
^C^CkXke_^:I[Bg>J ACc EdeD ` IV^CBOk >FDKu Q _Ed^x> x:T 9 v1Q e% AIJ
Iye ^CS k#D@>f> T Lg?@I/IKA:AJ _V` ^CS k#A c ]iB
I[>@?IKk J S ebXI[c >D T ` AH> BgT JI
u eS ACACE Bc > Bc I[IVDX?#^H^Ckk[v1 D@I[ÊsJ
bXD c ` BACYBg^CJ kXT D@II[I8e J
D S ` D@AH>XBg]iJ I[?^CkI8kX_> >@T EdN/Ij
Y:B^
^^|b J ACAHBiEUEJ/eLgIKA:AJ ~
DJ
S I?FkI8I[D_>@DACBi^CJ kb _Î ec Y eT >F^DKQJ c > xc xI[D6 ` Q > T2 I ^:?@AI[J
^Chh:AHI[BO? >` AC> Y:T I[IDIACgBg_J(I[EdEdJ I[c BgD_AI/J
hAHAHBgB
J ~
>ZEdÂHD@YDXI[D1^:B^Ck eu I[J ?c *_ T I[AC?@I[BgB
J >c vDFI _` ^ AHS BgB
J>@? > c TIVD It` e> T IKI ACB{u D]?@^H^:kLg]{AC?@LÊd]iIKvI[?F]EUN?F^ ?F IK>tAC? AHc BgB{JY
_b[ACAH>FY>@I[EdIDyQ ^Cxk1x D@n{I[Q ?Fh% ACB
Iy>@e D `=S bXD@>c > LgT I> AT _VI/ S hAACc? B
c ^ >@IKS J DtEsbXAHcB> YT S >AHT YI I[Dyu ]^C?Fk1ê]iI[I[?ZB v ``
bX] S c > ?T _ T > ACT D@II/eAHBgAHJBBDI[AC?yEdI^CQ k1xjx:I[x I[Q] c B{' YI[> YT^
c êJ
D I` ACI[Bi?@> J T{u c> eT I/D@I[?E}k#S Ed>FI[^/D> ^CT k[I v
Se>@AHeB^BDFI[> ? `c B/ACBg^J ?J
EdI[I[?t> >FT^ c e c Bi_ ?@IKIKAHAHEdD@^ I S DFTEUNc D1Y ]c ?FhÎy]ikI[^
?@>^N Jc >@BÂAHEU? Ec Y _T?FIK>FACI[^>FIKS J D
Lgc BI c >B{T YIDKQ x:IKx JiAHQ D `;"TS ^>=S >@DF^yI TD@I[^?FEshJ
I IV?@; D ` ?ZA ACT BgeJAHkBgACACeD ^ u S bXD T u^k^:AC??@I8h vc ?@EdIK> SAH?@IKBv IKc J D
>xT x:I 7 Q T{cu Y )T I[,|DFS >J
J ?ZSA >bXN T ^C^ k#cA DZvX,
]S SJ
?@?IA ` ò> bXT TIyc _D@TI[?FhEdIKACA:B
J
>1Dt^C>Fk ^/T{Lgc DI8ACLg> IVc >@> >@S IVJ
?@DI`Q
YD@I[I[IVB
jO>FD#EUI Ac ?@B Ik TS c YDI DFbX]gcI[> I8T_ T; ` ?A ACT BgeJACkBg?FI[AHI/D ` klAC?@^>@>eA c B]D ? c u J|c B I ` TACc DBgBJIw|AH>=E b E cA8kN
IKDv
A Tc Y T I[?t_[ACDF>@IQ x:x Q $XT IIg_I[EdEdI[B
>EsA b k^:?1> T I_^BiJ S _>

^C>@?FkoI[>D@TD `CI T u AHk^DaS Li?ZI[vXI[Bt_[AH> D@TO>FS I[DDa]u h?FÂCe?FBgS AEdv YO` AHu >@bXIKJT IV[B/B^ > b T IVT NIKAHAC? ?FIKc B1vX^B{?Z^J|> I[c?aB/> T J I c Dc ?~
u DFI[hIV?ZACEJ S > c I[DZv c B> c eI[D^Hk J c DF>@?@IVD@DKQ
cACBeY3^6 >BQ T Y'I c >I[? T>XI[u > e~T ]{I1?@>I[> T DT _I ?@? I[c ; LiI1?IK> AJ:bXT ~@cve_IJAC~LiBgS A^> c ?@I[B/u D AH` Ed_[ÂHD@B>D@S>FIKI[vfJ
D N D uT huACAC> EdT?@EXBiI >@AIKv A:` IK_ JT3J{c ADc v[_ > 1T ` ACL B?FS^YC>>~
>eT AHIBg^:Af> T e IVS?XD@> >=b j
îB
^ > bT AH> > T c IyDXeACBIKAHI[BDF>ZDAH^HLkE c DD ST LIKJD c D@? >@S IVEUBgI:_QI nuQ ]{$X?@I[T DI _? ; c Li?ZIKA JT v~
L
_^:N/?ZJ EsA c Bb Yyk>@^:^ ?tu AC> EdT E `*I1c EsBA D@b >F? v S x _Q>f. > T B/IA^_V> _T ^ I[S ?@B
D >X` ^HAHkBgJTc D=Tc ]e?@IDF~I[I[E}ekE c c B{h:I[IBgA__ZI ~ `
^^CkB3T{A:c D"_[_^^ LS DFB
I[>?@h^HAHkBg>_TI#I^Hk D S u ]g]gACIV?F? >c ^c _ ? S c >EsNAH?Z^Hv"k ?@I[T{DFc >@Dy? c ^_?> cc YhcI#B ? ` S ^:EdI[B3D ` AAH_[Bg_^ JyS ^B
B >
cAD_VD _>T ^ T AHS I>@B
? >Edc ^N
?A^CJk` ACT^CBgkc DJu AC]g> TEdACEsIt?Fv> c_V_ ACA S D@c Es>FD@ACI[NO?D AyDZu_[AHhAHBgAHD@_?@>@>BgIVc}D A: v[_Vu Q(hACAH> gc ?@^:BgQ BA:vX; > T?ZACA ?@I TIfe; > T ?ZACAItBiT A> ebX` cAC> _BiT IwIA ~
Li> T Î[?@?@BI ^:c BDfI[BD `^ L S k>> T > T uI=_[kAC^ DFS>@IK?@vV> TaQ ` 7 > TQ I W B3,
S AHJ
Ed?EA _V`CACT D@>FAHI[DD ^B{u hIACL?FBgc ?FA> vT > ^T B{^:EUD@N*I
u
^Y _ Bc TBcD b Es` J
IKAC?FJ?FI[J|IXBgIKvy>@J ^1^LibXB{I#EUc N h:_I[^bXD B` TD I8cc J
_ T I[S ?@ACI8AHE J?@Iu ACc B3D"LgIVLg_[YI[AHÊdD@^:>F>F>@BIMI[Y B AHc BBgc YB3J >@^te> T > AHI/T ?@IX? J c cI8DZ?@AHJIKe_wAC>IDZvf^_[?ZAHh J|D@c >FI[?I?~
u
^D cAHB e D1bXc > EsT AHc hI? cIV?u D>Fk^^CACkt>> TT > I[I T ?@c I?DvtkB{ACI> QT >I[, ?@^:EdD ^B` b D L ` IVS ?Li>ZI[vX_[Y:ACL{^DFEG>@>@AH>FI[eI[D B ` IKJy>LOT N^:I[B/N-> bXAJ
c_[_I8_I_^ ~EsSLiACB
^?@I>#?@B ^H>@k^3e> LiAHT BII
kBgA AHS E\Ed>EsA ub c B _T Î[Bg?FI[_wB
I[?@>ZBv c Bc BY > u T _ ITc c ?fEsJ
e?@I[^Bi> v#T I[Li?F^DK?FQ/B^CQ k bX,|S c h:_ I[T3Dtc ^DtB{> IT IJ
IVI[Y>F?@I[IV?I~
Ed? ^ S b EUI IV? u c DXu > ACT ]AH]BE c > _[T AHI Lc Ed? IKvoT
S>@^yD@Lg> AHT Bg^J
D@IDv[Lg^:jO?@B{B^ b^Ck bu > ^T eAC>ZI[vBy> >T b If^tk^^:Ed?Ed^ > bXT c?@BIVIY
^C>J
T k#I[IMY:A?@J{I[IVA DA S c EdY DF^ NOT b A>FI[I[?yc?KDtQo^CLik^Q A?F0 B ?FD ^S u eAJ
?ZD@AA^;BiA vt?ZA4X_[T ACc eD EdTEdIKACAJ BiJA#A ACòBA bXbX) T c e>^ T Lgc > ACDT D I#ACT Ed> JD@T Â A S ì_[Y AHbXT EUEd>Fc IK> I[TJ ?
,
S AC?ACDZA8hA{Qc Q 0 ?Fêc A`D T AC>@? c NO5 A/AHBgJ/` > T IJ{A S c Y T >FI[?t^HT kA
J
I[D E J|T c Y ?ZAHAT >@?> ccD@N
B{]AY ? B{cAHB(YBgDJ(_?ASA IVLg,|EUI >S N
B{J
Q Y ?ZA 68`9_[AHQkIVEUEd?@<=IK^J T_ cc ÊGJ|S Y:?@D ?ZI[ABc B ^C?@TkIVD@c A DI[ee; L?ZACEA BTBBeY/IV?@AHLiD Bg^` A> ACBgL
JNA
uu bbX^c h:eI[DXI[B/^Ck[^Hv=kw>vXT > ItT I> b > ^ T ?@u I[EdÎ b u I[EU^ ?ZbvXI[_V?ACvD@>F_VI[ACD D@` >FAHI[BgD ` J^C^CkXkAAyD A T c ACDFNO>F?Afc NOLOAN L
u NA
bXLi^c k?@I=B ^CukwACv]i> ACT DZIA:^:JBAI#vVQ _[AH6:D@6 >@Q I 0 u ?@Lg^:IVeEU^ bATc eD T vAC>FAC? ?@c IXNOAyACEdL
E
ND c > T _VIACEdJEdIKA JtS YLiT AC>FD@I[Iw?~
^C_[AHkD@A >@I ; u ?YOA AHT > ec vACABgA ,
cS D>ALi^?FkB ?Fêu AD@A^:BA _[c AHDFEUNOEdIKAJ{LOvtNA_[k_wIVê?ZJ ACcEdB{I[DY^C>Fk^ > TT c ID
?@A^CN
ACA E*c J
ACIBgT JyA> Q T I 6 n; Q ?A0 T ?@êeACBgA A ,
u _[S ACJ|DF?Z>@AI[DACv=?FD@I]?Lgc ^:B{?@YB3A AC2B AC) Y
NA^:J YOT A8AthAACBg` JA
DD TT AHAH>@>@>F? c? N
cÀ AC` BgACBgJJ A; 1?ZAACTBgeJ{ACAHEsBgA Àv> T kI[IteEd^ ACb EdI[IVD D@` >#u D@^H^:kBeD I[bXB T ` ^1L
N^ b IXA > c TD@N
I Ac ? `
^Lg?AHc D Y T c B3> T A>FÔACvBgAJ_wAH^B B
5k S YD ?c Â B` u ^HLgktIVY> ^T >FI>@I[_VBiACv D@>Fc I[BDKQ> T I6Kx J Q c ?@IK) _w>#DMÂH?B J
I[) ?1e^B ~
u b êI[Bgu v^B{IJ
` I[Y:?@I[I1Ed^ b I[? u > T ACBT > T I c ? c TOS D@LgAHBgJ
DZv=c AC?FT IJ
Iw~ `
>_u klTEs?@AC^ ^?FS eIKYJ T e>@> ^:^T > I[TLiN IVIK?@bv D#IVIV^:?@hI1BI[ILgB/^:J
DF?@IV^B Y?@ACc IVB?FI I> TT AcI Y Tc B
DI[h?IVAC>?@>@TD@>FI1AH? B/^:AC?Z> BiJ
T I[JI1?=Ayk^CACko=> T> A T I[I1J
?FDZI _[v[ACQ AHDFj>@6 I[iA D Q
$XBIT ^:>D@IyEd^ D@b ^B{IV?D^H_[AHkD@> >@T IVID `t> bXbXcT _^ I~LiT Â8?@h:B I/` LgLgIVIVI[YB^>FI[>@I[B B S e^B IV?ZbXAC>Fc IKh:J I[D1c B^CkJ > TS II
^?J
I[? ` > T I[N(_[ACEdE=LON> T IBgACeI ) BgACB
>ZAH?ZAHD u LgI[Ed^:BY c BY >@^
>T T I[I?FI[B
B>ZIv >c B3EU^ > b T I[I ?c ?_[eAHD@^>F>IKT v Ì[?@^:D8BQ A:6K7_[_Q ^ S )B
>; ^H?A ktT > eT I ACBgLAMEdI[Lge I[cY:D I[T >@Du c ^:B
B ~
>ACT B I) JeA S LgY ACT D >@T IV> ?T A^HkAHACB B ) 5 L YT{?c A?A AH` B L S ) >1hO^? cB>ZA A` ^:kI[B/e> AHT EdII^HJ{kA S > TY TI >F)I[?1N^H^C~k
YO> T A8IhA c B
u h_VI[AC?FD@D@>FI1IKv^?A/J
I[q ? Tu cLOYNyhAHklI[BgeAQ AHEUIV6 D{Q^Cko0 > ?FT Î eTc A Y T ,
I[S ?#J
_[?ZACADF>@D@I[]D?vXc B> TY ?@I[c B I
LgA/AC1DFIAC~BgLgJ{^:?@ACB EsA u` DF>^T BID ` EdÂCb]gAHI[DZD@A>tJ{^HAk#v ` eAHI[B B) N6 ^{Y
Q A8h0 A ?@^:` eAAMD T ACA >Fc >@D@? N
cA/` AHACBg?FJ I
LgAy^:?@BA c J
c BI T > A T ` I L c S B
>XhIVk?F?@^D@Ie^:A?ZJ
#IV?tD T ^CACkX>F>? Tc NOIA_[A AHD@,
>@SIVD>AyA ^2 BEdAHN*YOA> JT TI[D@AIAHACBg?FJ I
>4XT c ?FD I[T ItAJ^:A1> T L
I[N?LgA AC,
DFSI~J
Lg?^:A1?@klB/I[e^:BAHI[EUDIXLiu ACIK]g_^:AHDZeA:I[JDXAvVA Q 6 S j
Q j$XACTDAtI1L
D@^:NB/_[AH^CD@k>@AI
u
JL
Y
NIKAC_>EsAHc v D?@`TIKJAHL >@S >F>F>y^? c > LiL
T INIAACD@^:B B35 S ^Hj
Ykj?ZAS A >kAC,
I[jeS AJ
ACQ ?ZEdAI 6 {c L
D#Q N3_[2 AHA EU^:EdIK4?@JI[c ^CD ATh:I[A, ? J{h` AAC> ]gT kIVAHIyejD@AAC^:
EdBIL S ^Cc D>k
^BgBACI=eLiIKI[JYA^:>@>@IVIVBBgALOQ1NynAX9 Q A $Xc J|T I ^:T D@ACI jAu DF^^BBDACv B bX) T eêLgAH>D TT I> T > A=bXkc I[_eI~ACLiEdÎ ?@c B D
LgDZA:IV_Y?@I[IK>J^BJ S bX> cc hIVDI[D` ^CACk?FIIK IS gAC_E
E S _[ACJ
DFIK>@JI ` kL?@^:S e> bX> T T Î ` , BA8^h >ic k >@S ? Ec ` EdÊ cBBIY=e > T S I D@c ?>
J
AI[D c ?Y:ACBg>ACNO>FA Iu L
^CN(k#> > T T IKI3v AC; ]?Z]iA I[T EdeEsACAH> c Bg^:A Bu "_[AH?ZD@AC>@>I8N
vACD8D@Q]{? c n B6 Y/Q > T ;"I S >bXc kl_F?@j:ÎKe J
]g;AT D J T ? Tc AHYA>@Y
? ` ACc N
jACA ACBiB
J(u >_[ACAC> jTDFA>@I IK` v > , `T A I> c Tj ) IT hA{P ACQB
T >ACnNOEdnA EsAQ ` ` > T 0> TI=?FÎ e2AC>AACA EdJ EsTA AC`?ACBg> >TA NOI` A > '*T u cI ^Hj
kj T{S> TcD h TIKcv~ `
>0 T ?FIê4 ACA>ZA ` ?> ACT >ItNOA uAH^C?ZkXAHBg> TA IK` v> T ItA c D@N
T AACDuA _[` ACACDF>@BgIKJvy> ACT ?FIIqLg^:?ZA8?@B3h c JA A,
QoS n J:x ~ Q
TACBgACB
J(hAHA B , ` ACAH>FB hAC) >ZA{jAHQ-?@NOnHA g` Q A; 1NAC? A:S J D ST EdA >@Ì[?FAN u c _YO^:ACeB{ee cAC>FB >@IK` JA LO2 NA c]g>FIV?ZA?~ `
D@^ ^:S BY DZT v>X^CBk û >1J c >@Î[?FLgI[IyB
>ZevAH_VAC?@?D@c>FI8I[J D `` L
ACN1BgJeL
ACN?F? c> ACT Y:ItI[DB{bXI[Yc Ed> IKTt_>fb ^^Cke> IVT B IbXJ T S ^ ~
>u cDFI[^D#BDAHBgbXJT ^^_[^_ Sb ]gI#AC> > T c ^:I Bc ?#D ^:u ? ]c ?@Y IVc BgDZ_v"? c>@LiÎKAJv_^:>F^B
k IKS AD _c ^:TaB` AH> ?@T ItI]_[?FAH^D@>@J IVS DK_Q IKJ
7 :Wg:bXc:u :b :CS : S
u
T
n
Q
d
E
E

B
^
v
k
d
E
d
E
X
N
[
I
B

e
V
I
Z
?
C
A
F
>

I
>

^
@
D
I
ÂC?Bgc J Y c Bu > `T
bXS DT vt^3AC?FAHI?@I/e LiS ^> ?FS BACEd^CEdNk _) ^B BS B{EUIK^:_e>@I8AHJ*DQACn:BgJQ ^C$XD@k^:T B I DZ?Zv,|AH^CS> kc >ZEde A ^èc > ACTIKD JI `
YOA:A J c J
T I A T `HACT jI#A ^H` k> T > I#T IAHBgD T JACAH>@EG>FA ? ` c > _[T AHACD@>o>FIEd^ ub YOI[AHDF> >oc v ^C` k*AHeBgJy^?F> >ZT AHI EUD ) ` > N:T Î Y
2A8hA8A ~ `
n^B{Q b $XêT I[I[D@BI^HD kac > T uI c ?X?ZAH^ > b c EdBêu _[ACACDZDFv>@IKLgv IV` Y> I[T >tI[ND c e u AHc EdEsD@ACÔ?Xv?Z]A:?@_Î[JD S u _whI AH?@u Bg> T A:I v
EbXc j:c >IKT v klbXI[ce> T AHEUIVkIVD eu ^CACkwEdI[v DT{^Cc YkT > I[T ?I c ^:?/BI[eDKQ^> T n:I[?KQ p D) _VDACD@A>FI u ; u Y
?ZACA > T c ve` ACAHBiBgAJ v
Lg_[ACIVDFY>@I[I[>FD/DA^:B D@û kBI[eD c ACe EdI[c DXEsAH^H?kwvX>FÔ> v b ^T{c êS D@>#I[E}^Ck k` > u T L ItS > > T c ?@B
I[klI I[? u c >^bX?vc _I^:~B-LiÂ?@_FB ~
_IK^ SS BOAC>E">@^C^ kT> c T eID@I[EdÊ}kwb vI[^?B3J
AI[Y:kl?@I[I[eI AHu EU^HIfk^C>k T TIc Dte^ ^:b > BT I[?Z?A:v _` I AH` BgI[J h:I[B3u ^:BDFÎ
cnD{>Q T $XIT ^^:?D@J
I I[?u D cc B e> T I[IB
> _[c AH^D@B{IIKJ^HkAH> LgT ^CIyh:IKIvXg_ACE EdS D@^yJ
IKLiJ I[Yu I[?Z>A:`_I[> DT ` IthÂ B{T INOA:^:v[B Q
>D@T] Ic _[AHkIVLeEdI ACEdu I[D@Df^:B^CDZktv ` > T IVIhI[^:B> T eI[? ^:` ?@IA/D Y:c B
?@IKk AHS >E>eT AHAHB
BN > Tu j I c c Bg? J
u DkAH^H> kwT vIV?@J
DZIv ~ `
ACBgS DFJM>/IACgD/_E S A J
,
IKJS J
u ?ZkA?@^:eLiI[Y> I[T >FI D/) ^?FBNOACA B; _^:?ZAeT e eS AHB Bgc A>N k` I[heA TACEdNOI/AvVAQ LixI9 ~ Q
c]gBIVY?@D@I^:gB _E TS c J
eIKDFJ I[E}ukwklvX?@Îwe{_wE >S T J
I IKJ) ?@]{NO?@AH^B3_?F_IKÂCe>FI[e D S bXB c c > >TNv u` kI[IVh:eI[ACB3EdI[DFD^ ^Cuk[A v

>_TE S I#J
klI8^ J S ?u > _VT ACACD@B >FI[T D I u hTACc e?FBgD@A IV` Ek[D@v[^:Q BxDZ6v=Q e;"^S ?@>=I eu b I[^:Bf?@>ITgN_E S^HkaJ
IKLgJ I c B{u L
YONv"> IT
I ~
)LiI[?FYNOI[AH>BD ?ZÀ:_hI[A D T N
u AhvAHò?@BgbXA:T vy^D@> ACc ]{EdE#]e?@^
Â?F_ IT b kIVê?@> ACT EdNI[D1>F^H^k LgTIc Y IT gI[_?yE S ?ZAHJ
BIKJj ``
EdLi^ I[b ?ZvVQeI[x B n{Q u T) c BgAq1v1ACDFDF>N c S EdELgEd^ IVb YI[I[>F?tD?A^_B3I[D AH` B I[h) I[NB ^Y
A8kh>FI[A I[B u b u ^c BeAHB BgS vteA ~
u
eD, S A AHLc ?D@D AC>Fc I[D@Bg>F?ZJ D1v T`KLObX?ZNA T `K^D@bXBg` TAHu ^>? Tc Bc ^ DaY S DFYj u TACc EdB vEdIKc BeJ ^cAC>oBEdAXDZAvVDFJ
Q EG^:A8xh:?@x B I Q c` BE ) cY#h:AHI[DaBgA EJtcc J
jAHI=I >@T >@AXIVABgD@Es]J A8?Fch:^BI JY ` S u ^_TI[?c DDv
u
Au bXY:?@Lic IK> I[AHT EdE>Z>vRAHT >eIXD> I[TACBaeIQ IKAHv*x ]iA]iQ IKD ACb )?I[ACI[Bg>4_~hIc D ^ T ^Cc A:_kIKJJJ A A 2 b LgBIVA Yc ` >@I[?F_>FI[^D NOB
AHu> ^jc B B(A S `8AHbX> T EUTEdI/N
^ Q`DZAH? ]{ce?ZBA YIKc vc DFB{I[AYD
u
e21A AHAHc B?@hYOÀCA8?Fu h>ZAHAA{BgQ J^:x:v ?Z7 vbXQ qT $X^:AHT eDZÂ D@`
>IybXT > I T T ^?@c BI[D IyT S ACL{LgL DACcc DF>ZD@IAH>F~DB
Lg>@L
^:DyN?@B ^Cb k ^^:)B?@I[j?FD1NOc BA8ACYh?FACItAH?FD>ZD@I[A Ayh:I[_[Li?ZACÔAHEdE#AHEdEU>NA ~
LiJ
IKI[A:Y^:J >` AH^:?@B I ) bXNc _F^:jYOI8A8J h` A AHb BgJêIKACIV>XB `?FI[bX]T ?@Î T b I[BIKDACc ?1L{EU> IfT Ik^
_wÊUJ*^:>Q T x IVDtQ ^C0 k?@>^:T e I
AA4X1cACD ?T A8A:hJACA?ZA DF`]bX? c TB^Y:D b u ^L
?@N3j
D A c B(b ÊdeIKACAC> BT I[^C?Kk#1>ACT BiIJ k?FA ^c eJ
I T A/A/_[ACA DFc J
>@IKIv~
TACBAHj) A Biu JL
TN ?ZAb ÂHeBgJI[B/A ^C2 kX>I8T JIA `bXAHT ?ZA8^/hJAH?Zb AI[EdACE\Bg^ J S >@4D c c J
D TIA:> JT AIy_[h ACc DFEUEs>@AHI[YDvI`Q
x {ACQBgJ 0 S ?@D@^^:e]gACjA3A `1bXAHBgT ^3JACJ
EsA I8ACL
EdDNc AB_VACA Bc J
IIT kA ?F^be!êA AC4B c D c T DALiJ{Â ?FBu L
NA
> T S Ij
jDZACAHeDZA IKbv1ÂCeB AH)#B Tc c DXBgJLgc ^:j?@A{BQ > x T I1Q D c ;B|Sk S >#E kl,?@^ê]gAHjAA `:bXAHBgT JÂHE EGc Ah:I[L
DXNL
NA
>eT IVI#Ba^Q _[_x S {]iQ AC)> c ^:4BDXc D T^CkA:JTAc D=b D c ^:?@eI ` ACACBBgJ LiIKc D"AC?FI[D1hI[>@^/?#J|AI[D@] AHc DFBgIKJJAHLOEGANAY:^
DF^^|BJ
u
Je
_VI[ACS DFEd]B EdIKcc D@>JNIKv J v[Qo) IV B
h9 >I[NOQB A8$XhL
TACNDI[A8>DFNTItc^?ZB DFA:Ì_I[I[IweD {` _w]Eu EdSbX^CJ
NTIKIKc JJ_ T c u Bkl^?@? ^L c YeS c ? Bgc > AHACT E}>F~I IKY:v )?@^c ?@BMS NOBgAHAJ
B_D ^`_wB|ÂCkeBgS J ~~
D>@c^f^:B> T Iu ^Cc ?okXk> ACT > IT I[_[?@AHDXD@>FACI[BgDJfAHeBg^:J>v T T IVA8?@Dh:` IeLgA8I[N1IVB3LiIXJ
j
I[DZB_w^ ? bc LgBI8J3L
NyA_V> T_Î ?c ?"J c^|B_ZY ~
D@IK_ IVS EUS]ih:AHACI[E|>DKcQ"AH^:BgBJ16D `Q > TbX,
Ic T B{I[>DFIT^BI[>\?yD Ed`^ > bLiT I[I[I[Y?\N ^:_V>@_AC>@^D@IVBg>FB I[_wD IKu ACL
u E=) N ^Bg) ?tAH?FBO^:NO>]gAHACIVB?BADZEdv=v N/`8^:T DB A8T h:^b Ib ^> eT > TIXI[BIVJ eS^C~~k
>^Cc k#I[DoA^Hh k|c > ^bXEsACc _> Iwc ^~LiB û?F^CBk#e> T I[IBa8EGAL b S >v1ACAHEd?@E:I > ` T ^:AHD@DtI=?@LgI[Y
^:AC?@B?J
c DB>_T ^:IBc D@?I8 J S S I[> Bgc I[_D I `
IK> T ItS AHD@EaI[I8>@J^ ,|u kS ?F^J
e?ZAHDKbXQ=T{Oc n{_ TQ ; > T NI[N> T DFIt]]i?ZAH^ Bb YOI[v ?` ^C> TkI[A D@S I D@>@u IV??Ac _> I[c I[DD1vX^:ACLBg>ZJA c^CB k
TL I[c ?@?F> IT AHDKeQ^: Bx YQ e;"I[S B1> ec B3^:?@_Io^:IBgD@ACIKEd>@S I8IVJ1Bg^_?I/EU^^HbkI[> ?T I?ZAC^:B{e j cc D@B1D cD ^:S B/_[_^CI[k#DFD > c hT II
kDZb ^:A:ÊU_Ed?@?@^ EsI8bXJJc >FB? ^cY>@>I[>FT?D c ÌLiACI[_wBgDo^JyBg^CJkg^Hcka> >c D ^:T T B/I AHc >@?=^C? k cBN
^,
AC>=S D J
_T ^?A8ACBhDKD IoS Y:Ed> ?Zgc ABQ J Y uS ; ACcdEd?EdA N#QrTv/D eS > BT ACjIBgAHc BD A` > S> TT B
c ID~
h>J
T AC?IACBijAC ACD D` c ?Z` > AC>T T>I ACID , ` AHÂCjBgJACDJAC` D >>` TT > TII Iq1qACAC??Z?AA8AhJJcAHAHJD DKAH` QD > ` T > I 7T QI# A1) T AHEdEsE=eA8h> LgTAC^:D^:YO`D@IAC> T D >@Ì? > c T LiI I[c BgD ACcA8D B ~ `
>> T{T c^D D@Ib ^:Lg?@^:Es?@J B `:bXk?FT^c e_ T > AHT ?@IIeIg^ _SE S > J
TaIK` J> T k?@I^:eAC?Feu > D T ` I1> _T Îe> eTc SY TB Dc >` N#AC^HBgkwJ v
>D@T]iI1IKAHkjI[I[> > T IXu ^HEsk ACB; Y ?ZSA TACY:eIAH^CBgk*v > ` T AHI ?@It2 _[EUAHIVjOEUEdjIKJT AHq1D ACu LgDFN AHS ?@LgD `{AHbX? c ACT BI[>DTvI[^?1?o>> TT I[AHN >
^C> T k=I> T LiI ACD@) Iw~?@LiN
ÂC?FBB D8Q1u ^CO*D@Q ]$X? c TB^Y DF` I AH]gbXACT D^ AJT A:A8vh^HIfk Lg) I[IV?FNOBAHeBD I[` B
^> ?Xc ÂCBDXI8J]?FAH^CD~
J S _wIKJ c B3_^:BD@IK S IVBg_I^CkAh c ÊsAC> c ^:B u ^Hk#> T IEsA bt` AC]gA:J:~
T> T hIACe> bXDACc _wY

IA~v Li` ^D ?FT BaACQEdEiD
S LQ D c D@$ >=^ LON,
S ^>Z_[AH_ D S ]gu LgAC>I[c Ed^^:BBD=YD?@vI[]{> ?@T I IT IVeBgJ
ACIKBgJAHYL
IN ~
e^Ck I[T B
IK>XAC^HE c k BTYi^?@>FDFÎ[DtAACBgc J
JMI T ^CACkj_ ACT D AH` ? > c T Ît>FDKDFiI[>@?@^ h c ) _Ite^HLgk AHb D T ^> eT AHI[BaD ` :>>@T^ I2 ACA8?F>~
YOb A:^:J ?@TjAC>FD ^` >>@?ZT A:I J
) I*N
^:YOA8Q1h A:c Ed>@E c^ BY2 IKDJT ACD >F`^ ) 4XBgcJ D T T ?AACJD AH` DK aS_VACB?@j ]iS I[D B
` >@AHIV?@BgDKJ p
25 Y:A?ZJ|ACY D S ` D AH` Bg> J T I= D@S Esj
A SjAHY DZT AC>@D I[`?o_V^CACk >ZbX_ Tc Esc BJ1YACB ACcBieJyACj EdDKc EdVE Oc B{Y Q u$ AC^B ceD AHT EdAHDZ>@v*>FE ? c c h:D ~ `
c]BEsYA8N c cB B{YT ^J
EdI[? SDK
e>F^D8Q q 7T9 c YQ h4 AHBgIKAHAC?D `Cb b I[^:Ed?@E~j j
c BBY^ b c BB EU>@I8?@ACIV> I[T DI[?KAH
Bg>FJ ^tLS I[?Bgc AHACDE}~ `
YJ ?Fb ^ I[S EdBgE ` J|j
D B` ^ ^b B/B eu L
^ NS B
_>IVA ?@c>ZBA DXc BACeBgJ AC?@c j
BDvY:` ?@^CAHh:BgI[J1D D` S EdI[L>D c >D@T> c IVBD@YtI L
u >FNt? c> LiT I[I DZc v?
]gACBgI8_J S ,E c hACAC?o]iÂC_[j_ ACS D=]gDAHT > cACÊdB{E*DKLgQ If7^ 6 S Q >F;"D c SJ
>I1> > T T I#IfJ h b c EdI[EsACEdE Y:c B{I Y` Do> T ^CI[kN1e AHBgS JD@>=ACEsLgAHI D
eJ
Â:B{J
jI I[N
) DK]iQ AC]g7 AHn{>@Q ?ZAH$XD ` T ACI Bgc ?J J
> ?@T I[I DFc D ? ub D IKT ACACEdEd> E1T LiuIKD vT AC> TEdEILiY
IKvtAC?FJ
e^:I[YB
D>@DAHBg^CJ k
>LT EsAI1_FJ
j IKA:c ?FJ ^` B u > uT D IVT NAHEUD E1T LiAHEUIKEivIKAH> T>Zv"I c > ?T I ^c ?F?oBgklACÔe^JfI[B
k>@?FD^` ezACLBg?FJ(^j> IVT BI[NJ c e D T S I[D@D > `
k>ACST E bEIV eA8EdNOD=D A/> bT ?FI ACI[c BgE ?c J
Y >FIVc ?Z^ ?AHS BkD?FDZÂ:J e_S > >c N^]`B{EsA:D D _T I/u ACD EdT>@EXÂCBEdEX]{^:>EGLiA:IK_D@vI[II[Q ACj e7c x^B
BQ>@I[Y?) _> ^ T SeI[?@eD@ACI BD@I[bXEdbXh:c I[T > D T^ `
DcACBMT BgAHJAEdE*>LLgT ?FItI^c j:?Y I[c BehI[ACJB/?@c D? >FTc ÂCaY> ACIVT >D IVeBbXc c Y >LOT T N>#>^> T >T IT I[c I[N/?t?@D I8D T u SAC> TEdACEaAHEdDKB{BMQ ÂH> 7 B gb Q) AHEd?F$XjNOT AHACIBLic ?1^ Y S ckh^
> I[^c?BJ v
h> T c EdIXEsAC] Y:S I[?@D\]iAH^BgDFJ IXc^CByk*>>@T^ bI c B{? DKb Q ^7?F7 j Q ` ;J c NDF> Jc BA8YNtS{> c T D I[T NyIKJfeL
A8NtN#eY:^tAH?@ACj
LiD^ ACS >o>> kT ^:I ?
ju ^Hc B{kYg]ip I[D?@DF_^^:BeDvebXAHTBg^J ` T AHA8BghJIXB{> ^tT I[?@NI[EsAHD T> c AChEdI[E#D8_[AH> T?@?@ACN> c^ D=S A1>D@> I[T >FI>@EdIK_JR^:?@? ]S DFEdI[ID Q
7_? {c Qe c; BiNACEdD> TòIc Bj cAB_[Yi_w^p Dt?ZJ{ÂC?J
BgI[_?I > bXT c I[> NT D > T T AHIEdEEsAAHbtE b ` A8AHN
BgDtJ(I> IKT _ I[S N(>@ID T > AHT EdI E
>ZeAHI[jB
IX>FklD^^H?Xk > Tu D I[S e_ T DFI[v1Edh_I[? cDXe > Tc BgItAC_EdD8Ed^Q > 7 T I[Q D ` ) > T eItAHLiBIKJ
^CD k ` c AHeBg] JS >?@TI1I1^^? c ?FY Bgc A8B ~ `
bX>@I[T ? ^1c DLgvIVBEU^:^:B>XYj
D"BB^ ^b >B >F`:^bXACT B
^ N` _Vu AC> D@T >F^ I S ` Y u ThAHv=?@B{BgÂ >X` ACL BS > ) bX?FTNOAC^BDFI`
T_ T ACACD=?> AT _FI ~
AC7 ]{]iQ IK; AHI ?ZT ACA8Bih _cI^ S ^C?kS AHBB b ) ^?F?FNO> T AHNtB `^Hk^B{ACBI)e?@A8N
NACB J `Cc DZT _wAC^C?@hD I[T ?1BL
I[DFN D ` T_c Dt? S AI[_Ed>>FNDKQ`
>IACTcBg> c JT D IVb T ?\AC^?FL?@I[EsD@c Jy>IVS eAACLEoeEdBI[ACDI[BfY:c BEd^CIKk __ c>tT eAH^H?Z] kAS _w> ?FT>@II[I? ^]{?T{c ?@cY I[Dc DBak_AHQ? > c 7TLi{IVIK?QJ3` ) ^J ? SLgT>AHcc D@I[DaIDt~eLiLi^Î[>?@>@TB?I[A8e?N ` AH^:c BB ?
Lge^:AH> B T ` LgT ^:I#?@_[B AHcBBBA1IVhYI[?F?XIKAC_>"^BikAC_e IKACc E EUN T` c DFD]?F?ZIKAHACBEiYfBgkAC?@> ^:S e?@I:_wQ? c e 9 Q c Bg& AHh:E I[c B BO>Fc I[ka?A ~
_Lg^ IfS > ?@T D@II[N`T DFI ebXACc EdEdEiEO^_I[??FY>ZA?@I8c B{ACEU>KNfQX]g ^:6 D@Q D@IV;D@S D=>#> T > TI"ACk>#A S j EUc>FBDaY
^HJ
k ^Te c D c u B kAHbX> T TI[c ?_ v T `
DLgS ^:_ ?@T B ` Lg]iAHI[D@? >Zc AHD T?ZJ
I[DD` D SS c EU_FEdj
N EUc NyBY >@^:uY> I[T > I/T I[] ? S bX? c c >> NTc^C>Fk[D vyc B > TT IAHL _Vc AC>ZAHD@>FBOI[>FD DK` QoAC?Fn{I Q
^CqACkBgN J; c B?Z_ Y A T`8T c EGbXeJ|c ?@>ACI[T BiB ^ AC` S D#D@>IKAC_> BiTS J/IX?@I[^HIwD1|k"Li]i_wIKÎKAC_b >> DcAC> ` > S c ^:^:J
? BIfc B/^H>@^yk> A>T T I?@^:I J
bD@ItIwAHkI?ZI[gJ Bg_`_E IkS ^:J|^H?oIKk > J T b Iu^:klDZe?@ACÎ[j:e B I
> ST ?I c B{) Y ?@N
u _wAC?@B/IKAH_> ^:S e?FI[e DZv S ` B hc >IVN ?ZÀh_ cA >T N N
` AACQrLvDF>@I[x B
Q > c) ^:L{B D@>@k?@IV^:BOe > c ^SBBkEs?FA ^b e k S c EdB
EdN ~
A^CCko]]{> T ?@Î1]{^? ?Fc YOAC>AHc BB{D Y `2u > T AHItB SY:^
T ^|AHJ|D#DXJ
^CIKk_EsÂC> ?FT IKI[J?@D>Fv ^` Li] I1S ? > c T >N I1` D AHS BgeJe_ÂHB
?@Ny>@?F^^CkE
>D@T]I=? S EsBA bYkk?F^:^?oe> T A I=; k^ ?ZAS T?e_[ACAHDFBg>@I[A#D8AHQBgHJtgQA W ,
k S u J|A?ZklAI[ekI[eAHEUIoACEd^HI k` >LiT IKI#AH? _[ACu DF_ >@TIKc v E}~ `

u
Z>J
A 7?FcI[Q BBgDv=u $X>>@T^yT
I S ^DB{TvIc Y A ^HT kaI[,
DF> S >T J
I _[?AHTA3D@c Y>FACI T >FI[>ZbXAD@>#cc B{> _VTDACc B3D@> >FT I >I/` T > I/?ZT AHIBDFI[j3c hB
I[^HkB
I[k?> cT A ^:? Y:; I[?Z>@BA ? I[cT Li?eACIK> vXAHc ^:BgAHBaA>~ Q`
^CD@AC]{k#Bi? J A c Bu ,
Y/c BS ^HJ
A1k?ZA{D Ac oe L c SD EsTAH>t?*AHj
>@e?Bc AC^N
B{b ABÎ[> T?Z?fv"AH^C>A k#c; A> ?cA DT A e> c TDFNOACIABgDQAACDe:c B{I Q jObXD"W k c>@> ^tuT A> T> J|T I#^ IEdS I[^CLh:i>I[v~E
DbXT c ^> TS EsJ/Tc AHe ? c D@bXI T`^bXec > T/AHB bXT ) ^:?@eN
AC>B3T IyL
N3]?@_ IVT I[AHe Bgc _BI/I[BiLi_I[I Y^:u c>D ì^:bXBT A/I[> BT ^:I[B
?Zv~
)L
N?FNOA1AHBB^:klB
I[~e) AH?@EUN
I AC` B ^` ? u {bXQ c >$XT T It> T J
IfI8D@_ ^c D Bic ^v=B ^Ckc DXA AC;D"?kÂ TEdEde^ b ACDKBgmA p % b I êbXTAHB^
bLiIKAC_DX^LieI[I Y^:u >@E c>@j:IVIB>FL
ÔNv1ACACB B ) ) ?@?FN
NOACAHBB^L
B/N AfTBc D1^B
h ~c ?@) > ?FS NOI[AHDKB T klI[I ebXAHT EUI^:èeACA8BN
)e?FA NOc AHBBDZv u S eBÊ c > jT I=I[>@?Z^yvLgACB^:?@) Iy?F>@NOÂHBaAQdp\B^::B
~ Q ) $X?@TN
I#ACBEsA kb AC> ]{T ?@I[I[? D_u ?c Dtc LiAHI[BgDXJ> T ?@AHIw>~
Bu LiI Ic > c TBI[Yt?XIw^C{ko_wE> S T J
IfIK>Jb v=^y^:BD T AAH_[Ed_Eg^ ?FSIK_B
I >c h^HIfk> > TT I#I1EdDZ^ A:b _?ZBAHIVeD@D=I[^CB
k >FD T` c D> T ^:I ? c Y ?@c BDF> `
>> TT IItD@ÎK?_wJ
Î[Bg?1J ^CukLi> IKT _[IA S _[D@ACIXDF>@> I[T D8I QS :B c Q^:B) ^HD1k YT^
c Da^J]gAHD@?@I[I[IKB
J >@` D DFb ]AH? cDZBvY ACc YOBA Y c BS D@] >
cACBB Y:) Ô?@^N
JACByD@^ LOc EN` >ACS B ?@B) D?@N
^ ACS B >=b]gIV^?ekIKAH_wB>@EdNc D b b I[^:Ed?@E >` T I[Nyh:I[^CBkaACD@ÊdE>> T T IIXDFDZÂ:B_?ZA^C~k
e]iÎV?@BO>>FACDKB
Q=> ` 9ACBgQ JM, ^:ê> T II[?@DZDACY:> I[T DI J| IKI[_EsEsJ*ACi?FIACYO> AT c ItBD@^:IV>IKT J/IV?@>FDû LgACIfDFD@eI[?F^>?F>I T c ACeR>v ~
>EdI[T YOIAHEDFI[J|IKIKJ3_ c AHD c Bg^JB> ^T BI > TI[c DXEsJ ]iû ACc B
?FI> c I8D AHS DACEdkEd^:N EdEUc^ eb ]gD8ma^:?@ >Z6 AHQ B
,>Zv[I[iIKJL S` >D@^ > b T B I
^c B B(bXLgT{AHc?@_ ?FT I[BB^ Y?Fu^ YS ^
Bi^J J` v]iD@I[I[?IKc J D T uI[c D DtcDFB ^ b c >8Bgv À bXu c kEUI[Eo?F?F> I[c EdeIKv A c BI[EsLgJAC?FAH?@EUI[DFBa^ Q`
ACBn{cQ e) ACEdDDt> LiT IK?F_[^ AHS eY TI/D> ACT YI/IVD ]i^ bXb T IV^3?AH^Ckt?@I > T T I^:BDF^ I[SIKJ ?@IKJu D@^:AHBBgDZJvR]Lg?Z^:A ?@c B(D@IKJ^Ck `
T% I[A8Bih _c I/BY> T _I^BDFD I[c IKJ
J I[?@cI8DJ J
u IK> _T EsIAH?@_VIKACJD@I>@^ ^HkwLiv1IAeB^^?FB|I ~ ) c e?@NO]iAH^B ?F>ZbXACB
T >8^/QA_>Fx D Q
EBc ^:jB
I~ AC) B ?@N
) ACB?@N
` AC> B T ÌtAC_Bi?FIKJ AC>Fu ^> T?#AHJ
>tI8_^CEsk[ACv?@I8AHJ B ` ) p $X?FT NO^:ACD@B I#bX> b T ^ÂHA:?@_I1>@DfBI E cc j:> T II[A ?
IK> T I#S AHeEI8BAC^B? D S u B^CkoIK YOS A AHc B EQdc pBY CiS QB c ;^:B ?A bXT ce> T ACv Bg;AHD ?A bXT T e^/ACACB?FIAHBgc JBO>F I[B
?@e >t^c BB
u TJ c D_ T AC?FY bXc Bc YOv=> Tc I c ?#J S ` > c uI[bXD ` TDc T T ACEdE*E c h:I#L
S NJ S EdN]iI[?kc ^:?@e T c B{c Y
>u ]{Iy?@^k]iÎ[Ed?Ed^vt^:?ZBJ
YI[?8D Q A:7 _Q >@D $ IKA_ Tc _BY ` AHDF?@>IS I[J|B N c BeY I[` ?ZDAHA>@IK_?J{c}v _ Bc BY> kI ^??
T> T c eI[eDFI[E}ACk ?F` ItDA> _T ? Iyc} D _ c c/BY1A_k>F^:D ?ou^]> ?@T IVI[DZ?@_D ? ` c LieIKACJj vc Bk^YX?#Y A c k>F; D\?ACA BiT Jte?FACIKBg_I A{c Qh c B{Y Q
;e"S I8>#ACBACDoe^C^kaBD Y1S L> TD c IDF>@D I[c BiM_AI _w` >@u D h cUu ^:Q ?ZvfJDZA A:c B_?IKc}J v_ ckB{^Y1? Tk^c e?"^>> TT ?@I[I[?@IyD ` AC>@?@IKI A:_TT c D~
ckB?F^Y e` AC> BgT J I ;A_[?_wA I[T ]e> c ACBBgY AY >@c ^1k>F> DT kI#?@^:eD T ] ACS>F? ?@c INOA e` >I[TB?FQI[I#:AQ_w>@Du u AHc BiD@D_ cS BeY
v~
Li? c}I[ B
_ >#c B{^YBk^:> T ?#I1^kl> ^T ?@I[e?FD I[` ?ZACvXBgAHJ ?@I1` > klT^c?@?ZL J
c EdJ{N J
` I[> B T ` Iu Ah _[cd _QrIVv]>Z>@AHIKBgA:__TIc B^HkY ` Y DZc kA>@_ZD8~ Q
cYOD{AH]gQAAC$XDF> I[c T v>@`:>FIEUT I8DZACJACD=e? BS IÊUI:>"AC?F]Ik?@Î[E ?Dc j:_2 ? I c bXLiACcIKB D@JSaIy` > kT ^:> TI[?@LezIc JEdk^J
^:?IV? J Bu e^C>@k#^/I[_BA?@I8^HACkw> voA S c> ?@DFT I[NO^D A DF` I1u> > T ?Zb AHA^ >~
uu c_VACD@>FI[DZvVQc :Q $ ^t_[AC?F?@NT AH?@ec D*k^:?\DF>@? c j c BYtACBiJk^S ?o> T c ?@^ bXc BY
>@L ^S D=>>F]?Z?@> A:IVT J
DZI _I c ??` LiuJ >FIKS ^J> v"c ?@I[klIKDÂH?X?ZACv#?@I_[D AHE >@c ACLi>@>FEdI[?I ?Z` NOAHAHEACc DBg>N JAH` DAC> AfT YI/? ec _ D@IKS > AHSEdB> J
S DN(?F^CIka^CkDkt^?> LT D I/DFA >@c I[D@IKBiNOJ_AHAIDK`
AI[C?BiACJ/E#>^T _[I_ S ]i]gI[AC?>k^c ^?FBeDAC>BiT _I/I^Hek^DZDFA:>_? _c}^ e_wI[eDKQI[Bg J{9 ACQ L) EdIeAC^?FB{I `Y>@> IKT A:I_ TDFcI[Bh:Y ~
>AT #ID T I8ACJ>F?Ac NOklA^?` AHA BgJ ; ?>@A ?TAeJ

IRACBgkÂ ?t` A]?@=^:>@A IKc D@_N
> cABQY u 6 > QT I;]gS I[>y^:A]EdIK; vf?A k^:T ?~
eeI[AHB
Bg> A c `8^:SBBgIKJAHL` EdeIXA8>@^tNDE cS hLID cA:DF_[>_L
^:N?ZJ Tc Bc DY]i>@IK^_ S > TE c IyAC?EGA ^b _[_ SAH]g]]AC>E cc _[ÂCBL{D*EUI1S >FDF^ >
WTk c DecT >tDFAHI[Lg>@E}? Ikc N
L
ACACNyDFDKj"I IKc kJ> ^:T ` ?I[p? %> T u ^ ^CI/b koEs> ACD T >FT I[>@ACDFI[EdI1? E ^|cc D>t_V_ BLgS II ]gòAH>>c k c >@^^T BIDT
_[c poe AH>BT Bc ItB3^>yAH?BACeD Bb A j*cI[Q(BO? >c A Dcn{v B `Q
Tc BMIXAHeYA8? cNy_ S AEdJ
> ^:S ]?FI>A1AHBgJA c?FD@IKNOACA{? cp D\B{Ye_[ÂCJ
>FI>@Ed^HIkaQ#E c klx I Q` I[;"eS ]>tEd^CA N ; c B?ZY A T Tec eACDFBiI[A E}k `
^D T ?AHAtEdE_[DAHT ?@IACk >@S ? cEdEUNONA À8Ehc ^h cc JBY1u > L
T NI#A1] S?FA D c SDFcNO>=A{^Cp Dk[veAH^YJ
? I=c _ ^CS k*EU> D S S ?@L{I D ` c D@u >FbXI[TBgc__ I T `
_[CAiS Q D@uI[, Dvêc B8IK v#S ?@J|N IK_>@EsÂC?FeIt> ACT B
AHN/>tLiACI Yc ? Bc Y:_ SDEd>AHS Bg?FJI J
c D#I[]iDFÎ[eBgJ
IVD> T^:c BBYyÎ> TgI[_?@I[D8E}~ Q
Edh I[c B
?F>> S ` ^ u SL DKS >Zvu k^:> T?Zv=AH>t> T eI IKb AHÔB^D1J
^CIVkXB D Su c L{eD c]{D@EU>FIVI[eBg_I[I B
>Zc v D1bXLcEs> ACTec I8?FJ^BL
N/]i^ > c T B
I >
c BK7 QS ? c;IVSD> > T T II I8bXAC?@T > ^ T ` AH> BgT ?@J ^ S u > Y T T IA LiI b c BACYB
D>v1^CE ck1h ec BIKY AHcBBD> ^CT k1ID IKS ACL?FD > c T D~ Q
>@eI[BiA8N_I DF` I[Y EdEc `{hI[c B/D S ^]?J
> I[T ?1It>@^D@>F?c Bic __>F?@BIKI[AHD@D@D I bXTcc >D T b ?@IKI[ACDFEd]g> I8Ta_` >1> >@T ^ IT_wc^D#eJ eS > ^c I[J D c ~`
>IcgI[_DtI[]DF^> cEs^JBL
D8QN :A Q c DFNO% ACID ` e eS ACDF>j c A8Bh:Y ^ c u J T ^ u b D@I[I[EdhE c I[B?YOvtv1> _T ^:I BguJ kc êEdEdI[^ B
bX>Fc DtBYO^Cvk
>@ACACEdEdDI E=` _D@EdÂH^?FBg> >@TJ D ` eT
_wS ÔA:e^:J
jIAHIKB ^HJk u kLgT ^
I I[^|c eB{JY] ACDZ` vBg`^:J? D@{ I[Q DAAC e) ` EdSÊ1e? J
b `NIKÔD@J>F^:Ê B` _I[EdI[^D h> ` I[TaB(DZ` AHEd>AH> T D ` ^ b_VS ACY I[>EdT ~ E
>+ T IVACN/>FI[Lg? `*Ib B{IKÂH>t]gJ
^:BNI8D J` `]gkl^ ? c SD@^c > B ` ` ?@e^
ÎK>FAHD > ` `*AC, Bg^:J eu A e` IKAHJ Bgc J/_[AC]iEsv I[?T k I[S ?@eL{DIVDt^C{k Q
ÂCACEdcB EaE c èj b c ACBgA8EdJ
D D ` bX` D kSc >?FYOTI[AHD kT? AH` Be YScD=EdDZj Â`
?=~TY:> ?Z^:S AHBD@D@j
I[DKND *`` :LD@^ c Q?ZS J
)?1D Edè E*D@Lic] EdIKjc ? AC` c DF> _w>@S EGDAH^ ?^CS c}k\D >IKE Tc J I1S L k^S^:? >F?@`
>@I[cI[DFB
?> ~ ``
DD@J SI[c DYL{AC^ D e c` D@EsS>FADe_ L
` YNAC?BiA ACJ3c Y:B? D1ACc _EdkE=S ^:Ed^?t> BS DZIw?@A:~ I T_` ?@^
I8e^HJ3kA8IK] JN3S LiAH?@]i>IKÂH]DFD@I[>@EdIKD8D AHQ` D ]S ?@?F9 ^CIQh cDFJ
;"I[EdIKSE J > S T TBI Ie TbXc c eT IKJ^ ~
D@W kI[E}kT IT AHAHD]]Y:E ?@c ^ I[bDyBD@I[>DTACeI[e!S eAHBg>@J ^ T ACAHB
DNB{^^> >tT I[j:?yI[]] >yS ?@> ]iT Î[eDFIEUL ^:S B>fYgkQ ^
^| J 6 Q`
ACACBD#^ A c BOb > ^:c B?@Ye` ACACBgBgJJ ` _ >@T ÂCY:? I[c >>TACLI[? EdIybXY c c> kT>FD T`*c T D#I AHBgbX_c I[EdEoDF>@LgÎy?FD Li` ^Li?@ItB ]u E ACS Y
BA Y:c IKBgJ v
cEsBOA>F_Â > T ; It?^:A T?ZJ eS AC?FItBgA ^CkACJ
>^^:Y:BgDK_Q=I/nLiQ IK_; ^:N eu I[D@DI[EdEACc B(BYO^ v S >ZI[_[DAHTaD@>K` DACL
EdN3> ` DFAHI[BgEdEJ ~
c Bx YQ e ;c SEdj >T L
IN LgbXIK_wc EdÊ ec BIVY:DEdNu IKD@ I[SEdE AHc BEY >FÔc vtBA > T,
c SD J
b ?A ^?@c EsBJ> ^T > ?@T I[I[I/? Ju A8kl^N
?D8~ Q
LB cc YJTJ
>@I[D*Bi> vT _wI^_ eT AHe?ZA^_wJ >@c I[> ?c IV^HD kg` A=A ; A ?c A D@TN
eAQaACHBggAQ AH< D@^:D SBgeJ c I[eDtIVABOk>F>@DgI[?1eDFA8I[NXhLgI[B I
Lg_ÂCBi?F>@J I[c ?FeIKJI[B
k>@^:D8?\O__w^:ÔBg^:J jc IKeJIVkBO^
>F^D J ` L u S e>*A8L
NtN1LiBI^XIwe{_IKT AHAHBBD*YDZI8AHJEd>ivokkl^^? ? u û ^> T> T I[I[?Z?v
jIK c BiS J
ACD1E=^C kwS v1ACB
_^
> c ^:> jc I[IKD8JMQ/k^
7 ^QJ ` ) ACBiJ/D T DFI[ACDZ>FAH? ec NOAS ebXT D@I[^ I8J
T DtACDfkl^k?1AHEUYEdI[?B A c Bc B
>@c B^
JBcI[D@h:>FI[?@?tI[DFACD ?@` ?Fe^Y
A8ACNB
>@D EdS N/LDAc J
DF>^:]L
>#N/> ACT EdIE*>eT Î[D@J
I I1u ^HekIKE cACklB{I DZuv[]i?FL I[S DZ_w> ? Tc LgItI8Je S k^:D@?>
TI[>@c ^DZvS D@LgB{I[I[>FD@>@DyI[?FE DKc Qyh:I[D1L
Q N/) > T eIAH^B_[_^CS k]gEdÂCb> c ^_[BACDtDF>@^HI kbXA T T^c Y > T T IV?@?t^ S ^Y BT I ` _w>^CT hI ~
jLgcIVB{>@Y>@IV?D T u AH>@EUÊJ J
c IVD]_ T? c ACh?@IfY:IK^Cvok ^:TBc DIp ]D?@^ ^:b ]gBI[?Fu>ACN]{AH]gBg^ Jc B
Lg>FIKAHJB vc D J T S Q1>N {c BgQ _W ^:> ec D~
]T EdI I[>@bXIVEUT N^/> E T c hACI[B/Dt>FA^_V_]gÎV??J k^:c B?@eY>@_w^ê> T ]{IEUIVEsA>@I[b EdN^C> kT AHACB>#^^H> kT I[AC? B{û >_[TACDFI[>@?KIK{v k^:c ?D

cS BBgD@AH>LACB
EdI1>@Ed>@N/^yIwD {S _wLE SD c J
D@>#IKJL
N k?FTêc D^ T{b c D1B/^ J b S Ba> cQI[D ` eQ A8) NyI[=hA I[c BD@N
eA A bXc B
T >Z^ A c c B D
TA_wc e>@D=DFkI[^:E}k?@L L
c NJJ
A IVB ,|uS >@J
^ ?ZA{Tpc Deev ` ÂHJ
BgIJ ^HT ktI1E Dc kT I ^ ` S A8EshJ^ Y c Jc hc BI Y c > u S T ] ^ b`
bXI[hT I[I[?B v
TEdÎBgDFJfD\c D1^HD@IVk AC?@LTh Edc cIDa_DFI u ^>FbXB^Dc >J
AHT ^Bg> DFJ T ÔIbXv[Q>c kbXI c_u Q>IT ~;"Li?@^S^S >?@BY A TyAH,
BgTOS SJfJ
B> ?YT A I[?F` ?IKvLgAC` I>FeI[c BBA8Y IKN#J S ebXBgAHA c > Lc TB
EdIt>Z> A T >@c ^BI
T_ T c eACB DFcI[_VE}ACkaEiL
^|N _VT_ S AH]gBgAHJ > c c_^?ZBADXk>@D8ACQBiJ6K9:> 9 T Q ^D@u 'IIVh> AC?Tc c ^ ezS Dk^]Ed?EdA^ _b > voc _[> ACT EaÂHDF?@It>@D=eL
IN ~
k; ^:?ZEUEdA ^ T bXec BACYBiAbXbXTc T _ T^ c> DT IXJ c > D@bX>F?@c I[_DFID@~IKLgJ^:?@> BT ?@AC^ ?@S I Y u T LiI[A DF>Zb v"AHD@BOI[>"?Fh^CIKkaJ*eQ I868AC9B6 DoQ ^C) k
DAS J|L^D]c >#D@>FARI[Bg_IA c D@AHN
BgAJp D=] ec BÎVJ
D I1u bX^Ckc > E T/c kItT
S ACBBgYJIV?Z?@vIV`D@û EdL h:S IK>ZJv >@S ^RB kbX^c EdEUEdE ^ c BbYyT>@c ^ D
^BbI[?8B Q 68u ]9 ?@nIVQ DZ)_? c Li; IK?ZJA TvRe]gACAC>BiTaA ` bXeT A8^ NT AAH_wD> kAHc B3EdEUIV> B T Ic B
>@k^ÊdEdJ ^ c bXD@>@c ?FBI[YD@DeeACA8B
N ~
cDA> S _VEU_c E D1I[c ]IKBJ*> ^Q >u Y68]g9c k^:x >FD@DZQ D vfc ; L{kNEU?FI ^>@e!uIK>FA:^/_AHT{B
ACc NOD@B{DFLiYI[^?@` >J
L
v1N*N=> T DZkAAC^:_w>t?? c}ACA: B
_[_ N
_c B^> T?YRJc Bkc B^Y?Y]` >@SAC^Bi?FIJ> T_[L
AHINBEsAA Li_Zb I ~
u
u
>@b_?FI[ACI[]{D@>@> DIVc v1?KBQ Y_^68Y e9 c kge>@Q D=c k>o% ?FBÎ êbX>XT J
D c^ I[BDF`*:] bXkc ^_[T AC?XI[LB> EdT I cI[BN eJu I[ACACBi?FB{Iv YI[AC; ?tDX?A^H] TkS e?@EdÎKACDvcBgB{ACAHYD D T{?Fc c B ID1ACEJ c Bgkc DI J ~ `
>ZbXAA _VT c_BO^ I[>F]IKD >FJS D*L
klI[ÔN?FÎKJJD c BkT
?@S ^:> B{TeYACI[BAH? BO` > NT AHI/]]i]I[DF?Fj
?FÔD@N3ÂB_ L
T N3I8bXJ eT AHc S B>@JD@^
^Q I[?Zh:J|6KI[I[9:??7 `Q>Fc ^D) DFB{EGY Â8c NY
eACu?@^T>?@Ac ID `
^D@^ b S BgY vfT >D@^:A B ` ?@I[AHeBgJ IKJ
b NAHAHDYOB{A ^c B{>yD@>Z>yA kc B
AHe>@I8cJD TL
c NBYiD Q c B 6K` 9 D c BgQ_I =TACeI A:u ^J
B{I[hEUNA v `
bXbXTT Î[B b ` >FIVÊUEX?@ej
BI[B
I b>@IKJ ? c uY L
T N >T
ACS BgBJ YIVb ?Zv?@^:`
BT YI#` J
JI[Dc Jc ?FIKBJ^>F>^D I8S ACEdEU>N > T TI c e DFIVI[D E}T k
^C]ik#I[?A/k^:J
?@e^:Y I[?c B^Ck*^Y??FJ
IKI[AC?t>=>FA ^/S DFDZ>@A8I[h:? I c > cTI[c D Dt` EA:c _[kI_I[Q ]68>FIK9 J{Q e;"AHTBOACNt?_A^ J
b hDAHYOk?@A ^:` e A
>TT c DtIDF_[ÂHB?@]iD I[cB
B3>@I[A? ;Ed^? Bc LI[EdSaN`CklbX^T ?@IVI[D@B >KQT I 6Kb 9 ACDoQD@ >ACc D@?Fhh AHc Be Yc >@>@^:?A YìI[> bXT T I[^? bXb c I[> EdT E
j
>@^:B?@I ebI[B
bX>@T IKAHJ> L
c ND#? T
c SY TB>XY:I[^:? ? ` b u >@?F^^BIKACY >` vXAC>]{T ]I ?@^
T AA _ S T BgIKJ_ T `{bX^CkT I[AB J
T ^:IY ` b ?@ACIwD~
_>TI c Ih c AB_[Y _IVc ]>>Z> AHT BgI _TI AHuBg^HJ
kD=Y ^Cc klk\>@AtDk1?@^:AHeBgJACEd^ EsA{b Q e6K9 IVBgQ v .` DB A_u ?_c}^: e_ c ]gBAHY ? c u Bk^Y
?v
>> TT I[I#eev I8` ACAHBBgI[JDF> >Fu IK^CAka_ > TT c B^DFY Iu A:> _T >@IVDevAHv `BgJ> T u IeA:^_[D@_>I[v]{?@>ZI[AC]Bi?F_I I/T I[^CB{k#D c Y Lc EdkI>@D k^c D?
A668; 9 ?ZQ A Tu 0 e^?AHv1BgA ACD@u D ^c D@B > c AB_[Y _^ c BS B
DZ>1A_w^C? k c} c >@_D1I[D?@I[ACD BiS EdJ >@D>@v IKA:c B_ T{> c T B{IYMBAHIw?@|I >1u E> c b kI^ Q
DZcAB A:_w_>@uDZ?Z_[vfAHACeACDFIEI[b B
> A8>FT DKN
I
D1L Y ]iS c I[h:>=?I[k> ? ^:T ?@cIeDZvfA:IK_[AJ_I[,|kl]{^S >Z?1J
AC?ZBieAM_I[It^CB k#^CbXka> TY T cI^ k>@EUD=T ^ A8b>Zh:AHI[IjDFI[>?@D=IK_]_EsIACEsAc DFh:_DKIKI1Q JI[6h:> 6:TI[6 B I Q
$Xb ^T ?@IX> TY SNtc eEU> I[c BgBi_v S c Do?F?@?@IKI[JyeL
^CNthIK^HJ1I[L
? N1c Be Y1S DZ>FA>@_wI[? ? c}c B{_Y I[D"u DkA^:_?a?F>@IKI8JA_>FTIc B>@DY vu ACS BgB|J ~
L
u klN?@^L eS ?@> B
T >IV^Ce*v1I[? L
c NBY:> D T ` ?FL ^ S bX>#c B{> YT ACu > > T c BgI_ YS c ?@k?F>FIKDZJ/vtAL
b N/A8AN_V_ACI[Bi]J > c B{LOYN Y A cS k>@DD~
>@TIVc ?ec > DFc I[I[E}D8k Q ` D 6T 6 ^ nS Q EsJ )u ?Z; AC?Z> AT T I[?evtACY:BiEUAI8ACbXB T IK^ AC?Fc DD ^:S ?BgAHY:L?ZAEdIc B>@D^/k?FeêA c B
u>Z> A T c BI
c BI[YEsJY ^Cc kk[>@vD ` AH]B
cN _Fj u ceB{YAHBgS v[]/:YD Edc IKBAHYB EdcItBY:Yt?ZIKA AHc B?@DD c c DXDLiJ|I[IK>@_>FEsI[AC?#?FIK> J/T AC>FBÂLi_[I_IVDF]> c >Ed~ E
eAC?F^:I?@It] c EsB A c S B{JY ACL{bXEUcI:> Q T(6:TO6KS x BQ YWI[k ? ` ; ^:?ZA? T c eB AHb BgACACB
D ì>bX^CTk û S AC>F?FI[I BD, c BgEdDAC>eACjA:ACJ
D I `
^Ck[vX_êe^:BeI[>ACEdD ` ^:?X^Ck^> T I[?#]{?@^]iI[?F>N ` > T I[NeA8NACD@j
9
>T T IIe j S c BD@Y>1LgkÎ?yEdI> kT >KIVQ e6: 6 cgk Q T Iu $Xc T DIB{A:^_[>_I[J ]{c D@>Z]iAC^BiDF_IKI/J^>@B3ÂHLiB IS E cB
Li> I[c Ed?ZEdAHIKEJ `
?@I[I[DFEs]gJ I8c_Df>EU>FIVÔD@v1Dt_L^ EsbAHeD ` ACY:L{ÔEUI1AC>F> D T ` ACD B T I[u I[> ] T ÀC>tY^^HEskwJ vt` AY:?Z> A c Edc EdB IK` JAC^BgBJ I:_^
u ^bXj:c IK> TJ
kEdI[^
D@^DJ L` EsACu > eT IAHLA:Ed_[Ia_> I[T ]AC>BtACBg^H_wkgI> T ^CIok[vkÎKEdEdA^ _ bXT c BIKACY=?FÊ c BI[I[?D~Biv[Q ACe668I87 J Q $Xu AHT ?@>IVc ?@_I#EdI AC?Fc ID
D@>ZI[AHh:BgI[_B/I `{EsA bBgJk S c B{EYe^^?XJ
klI[? DXc I[^HBgkJ
AEdN/_[ J
S^:c ? Bgc BAC>Yc ^:]{B ?@`^]]iSI[?F?>_ N T ` ACuDFh I cd` _Qrv^:Bgc B ST I[I[D@? > c ~ `
EdAI[_[Bg_wJ I[]c B>ZYAHBgAC_> Ic ^CB
kX>@I[Y ?Fc I[kD@>@>D` k?F> ^T eI/]gh IVc ?F?>k^:S ?@^ eS D1AHBge_II[Ba^CQ k 6:b 6 ^:?@Q j `' IKAHAHBg?@JB c >BT Y I `
e>@EdI IK` _ T>@?AHA B c _[_ AC` E#ACAHY?@? >Fc D _ `S Edb > S ^:?F?@Ij` kl_^^:? B
>@b I[B
AC>@Y:eI[D I[` B
D@> I[?Fu hbXc c _> I T ` E ?@c IK>@>FAHEd? IKc v B` YACEd_VeAC>D ~ `
DAC6S Bg6 L{J D Q c ?FD@IK4>F_I[II Bgcc _>h TI c BI[u?Y ]iAI[c B
?@e >@; I[?c?F>FA I[>@TD@IK>eJ^:AC>@BBg^/A eAH` EU^:BEoB^:eI[?N I[A `B ACc ?FB/ID T > > cAHTe>@I? I[c D#N
>@IVA^HB3ke eJ S c ^DFD@>@>fJ
?@IVIVEUDtIVD@BgDZ^CvVJ kQ
u
u
eDZeA:A8_^?@N IKB`*JI[c NyB] ACS> >Zc ?@ev ]ic ÎVB
DtD@>@IVI[^CD ?Fk` I[D@EdJ >8I[c
BgDF>@LJ?@S IV>@>XD@^3D AC> AbXTT hc I[I[DB ?F]NEdT IKD IACc B
D ?@S k IKS ?@ I EXSec ?FI I[c AC>DB3T I[eAH?X>^^HBkaAI[> ND@T veIVekAC^:Ed?v E
c>@BO?FI[>FI[D@D?@IV` D@>Z>KACQ j:I[6:Dy6 {I[Q hI[) B> T D IT AHkl>@^ ? S c N
?F> A T u j]gcAHB?@Y
> v u bX^CkXT >^ T ìIc B_?@> ^:c e]DZI[v DXò^Hc DkkJ ?@c I[DI ~
kAC?@L ^:c eE c >NOY Q Sc6:Ed6> `Qc k %XT c IyDX]]i?@IK^:_ >@S IKE _wc AC>@D?XJTSc D1>N D S c LD_I8^:_Bg>@Dt S >FI[^DF>> T` IyAHBgLiJ I[D@T >tI^He k S TD@c D>
BL
N^>1T> c S D ?@bBIKLgAHA]g_F^:j BD c B3òT JIAHBeYA8I[N/?8 _[T A A8S h D@cIBY> T ]I?@^:EdI[>@YOIKAH_>FEIK>ZJA> T >FI^/=LiA Ic D@_N
^:ACED~
EdÎKB_>@YI8?ZJ*A c B 6 ` n ^9 BQ Iw~u > b cUI[B
Q v> c I[k?F> ^T eu ^:BA > c TD@N
I1AC]D?@^^ B I>@~DI ^c Y BT >YT ^:EsACJD1AC> BiT JI_V>ACA8> ~
>@ACEd?FIK> v c `
DZAHbXBTD c ` _ ACT BiAHJ1ee^ IKS _ BOT >=AHBAC>Xc _EdD IKuACD DFT >XAH>@Ed^yEGvi^LiBI[ItBI 1 AC> ?Fu D > T T AHI=]gj ACc BiBAY
vi,|L
S N J
u ?ZJ
AH^CD ~ `
cL
BNtYOD@v I[b ?Fh ^:c ?@B{j Y u ; k^:?Z? A T Tec eAHv[BgQ AC6D n` v6 DFQ I[I[W kj
DA A,
SE c J
h:?I[AE cU`T uÔS ^BgJ AH`8LT EdIIe>FÂ8DN1S D@L{IVD ?@c hD@I>
AC>FD >@T I[BgAH>@J ? c c B{N
YACD ^` B ^? A T b IIKeACEd>A8T NNACEdD@A^c DFDFNOI[A{I[j/Q 6>F^nneQ A ;"c B
S >Z>1A EUc IVB >TA c eu ,
D@I[S E}J
k\?ZL
A:N v
D@A/I[?Fh hc II b ; ?Z>FA ^T eLiÂH> BgT ACD u `> T{I cc Dy> T E IVc k?XIk^:AH?XBgJ> T It> T DIACj:BII^H>Zk vVT=IKkA8^h? IVBT I` ^:bX? T bX^ c > c T D
I[_[u >FBgAC^#EdJ
EdIKLiD8JQ IKv6> ACTn BfxIQ ID@gI[$X_?FThI[EdIACEdB
I[DFB
>tI[>?@^Hh ^kc _[_A _ IS ; ^H]gk?ZAHA > ; Tc ^?ZeBfA T AHkeBg^:?\AAHA Bg> T AC,|I[D1S ?FJ
ACI[?ZL
EdÂ{NB{CIklYOÂ c? Dc BbXJ
DtT IKAHAC_wEUEG>@EAHIV?@hTIKI[c J ?D
I[6 EdnHD@gI1Q Li$XI[D T c I[J
NI[D1e > TS cDFD >#T ACI1EdEdê>XA8>@Ny^ ]gTI[c ?ek^?F^ e S >#bX^HckEdEi> T LgI IKc AH?1? ^ Tb c eBkB{AC^ye kc ?EUNSc u>8~ Q
]ACL?@^:c E ]gc >IVN ?@`:>NTvtc D Ac BgD JSSc >D@AC>FL?@NEdIy` AHeBgA Jc B
> >@T IVIyBgACB BgS _weI `LiI[A8?Xk>F^CI[?k> _T ^:^BDFD I c J
bXI[? T c ^:BeY TT c I D
ce DS LiD@^ >S LgBgIJ/Y >Fc ^/hIVD BS ]>F]g^ ^:T?@>8c e Q ` 6 nAC7D Q b $XI[EdT EIAHD1?@IV> eT IBgc AH?yBO^>FD1EsJ ^CkX_Ed>^T > TI c I[?D ` k^
> ^T JI
?@6 In:k S Q D@Iy)^Ck,
> S T J
I ?c ?AY:_V?ZACA Bc BB^:` >ACBi_Jê> T e I c c ?>ÂHEsB3J ^HT ^ I[S BiD@_I IT ` Ês_[JA S k S D c ?@BB Y c > S Ed^?@DFID Q
^CDZA:k__[?ZAHAHD@e>FI I[B
u >@]gD8AC >T ACI jA:T v AC` DXACBBi^yJ ? cT Y I T >c Dy>F^ B^:u k> S bE Êsv"?F> > T T NI1>@DZ^ A:_?@?@IKI8_wJI c EshA Ib > u T ^HI k
>ACT ?FEdEII c B{J|) YI[?FD NO_c I[?@AC?@^ B{>S D A D#` c BN>FIV^]i>Zv=YOÂ?@> > cT Bc I[^?@BeI D1I[c ^CD? ck[>B{v` ^>ACT]BiI?FJ^ EsTj
A cBb L ^ cQ b> c 6^:unB> {T AHQ I YOc uA?Z,|vc B{S J D@J
>S ?Z>AHu N TDZ` v c D"_bX^k eRS T E}^ ~~
e^Ckac h>=c B?@> ^S D^ c S B D=` eL S IV>B YObXA c c > BT ^]S ?A>c ?FD@IKI _ `*c c> kc B> YyT I[DZN A:_c ?@e IKJc >ZAH>FI>@I>@> DKT Q Iy6 ]n:?ZA:Q _$X> c T _II
e> T ^:If?@LgII A T uA8,
h S c ^ J
S ??XAv ^C` kj:> I[T I[I] c hBcY ?@> T{S c ^ eS D@D I[` E}k> T kl?@II[Iek^?@?F^:I eT I[IyB
YOh
A N c `HB{c De `
cbX>ZACc > >FT I[D~
^BSI>>8LiQ I c 6 BnY{Q _IVB4 D ^S ?F_wIK^J EdÈdIKu_Iw> {c ^:AHBEd>ZAC^H> k c ^b B IKACc BgEd> vfT > Te c DS DFb >^Li?FIEGJeAHABgJ|JI> L
T NI
bX$XA TT ,
Î1S J|TJ ?ZSAHA D> `c I[AI[D=_[h: ^CI[SB/kac >?F> TIKT JIX^ klbS ^ Y IKS T/AH?XEU> T_[TaACIt`DFLi>@Y I[cIh:D I[AHu DLhEd]gACI ?FA Bgcu Bt>@A^v >@^c J
B^ ; > ?Zcc >ZeA v[T {I[eDk^:AH^H?#Bgk\AACJ D8c ,
D@Q S>@6K?FJ
x:I[?D@9 AD Q
T> T A8I[h:N I#bX> T
c SEdED=?FIKLiAI[_ I[T B/> J
T IKI#_EseAH?@^:IKD@J >` LAHEdBgI[D@J DFIKc kaJ> DFT >ZI[ACN>FI]iQ I[68?xk^6 ?FQ e$XT
> T S IVDe ACEdbE> IVT EUE I `
EdBI[IYOAH> EbX? S c EdEdE*I[Df]?@k^:ê ?tS > TEdYOIAH>@kÎXS > ?T I_[ACA DFS >@D@I[] D c _ T c A8^ hS IDX?LiS I[EUI[IVB(DXk]^:?F?^]i_EsI[A Bgc eAHBgIK_JI[D8Q W
WeAH?@?FNk^?y> T IDZAHjI^Ck T A8h:~
u
6
X
%
c
X
b
T
X
b
c
T
Q
e
^
D
[
I
D
@
>
^
c>@B?A8YOhv=I[^HEdEdI[DF? ]`? Tc Bc e Y ìbXTTc e ^ T bXAHT D#^ Y bXc h:c I[D B/T I[A Db >@A8^N]gAHI[Ed?E k^T?Fc DXe]A?F^D]iAI[_?@? >cN ì_TI c` e A
bXeT ^:^/> T LiIV?I[Y:` AD1D@k^> S ?fJ
> I[T B
I>=D^CACk*j> IT I^Ck TIKJc DtA >@` I8ACABi_ JT I[A#? Dòc T_@jyc D1ekACAH> B T ` I[n? Q` $X^? T I[TDFc I D
BY cc BBYI c; B/?A^:T ?ZJ
eIVAC?#Bg>@AH^RD#k ^:S BE IED > T T ^ ItS DEsJ/A__?FIK^:J BD Esc AJ
b I[?y>FAC^D D , S Bi_ ACT >ZAH]gj^
AC^D ?` LieI[I[YHB ~
Y$ c ^1k>F>DtT eI[DFSI1DFe>^LiDFI>oY Igc h_I[I[B EdEdI[c B
B>]AH?@e^:]g^^:B{?@Y#> c > ^:T BIX>@> bX^/c > _wT I~I Lic ?^?FEdBIKAH` ?@kB ^
c ^BJYiQACBgx J Q
k]D ^
S ?FÎ[?@ID@J1I[QXeB
i>FS DQ DF;">*u ^CSLgk#>I=eAyY c ^hj BIVc BIVBtN|Yy>@v^D eT ÂH>S EdT EaDFI[>tLi?@DI[LiD@I^ >FS^ Y bt>@c D h:c` I[J
AHBaID > c T c DX> I]cD?@DA^:_J
]g? IKI[c_w? EG_` AHc?@ACI IKE
b JI[I[Bg>Ed_D#T EdAH^H^C>~k
ebACEdIKEiAHJ
D@BgDX^:AC?@A1Do>@DEdD@IKÌKAH_wAC?@^BgBBgJRIKJ J ]bX?@c BIVc D@klII[> TB
Ì>@T DA8"hkIK^c JB?=ACY1> D8T LiQ I#I[7 YDZQ Y:AHWjIKkJIA1^Cek\e^DACBABIV_N? bXc} u T >F_^^ I[DXJ
T ^:IACkB DX?A8A; N?ZbXA> cT T kII~
eD S AHAC?@EX? cI[AHBKYwI^CNOIe]iI[B
I[B>K=DFI[L D S`X>T I> T ^:I Lc>ZD@A D c S BI DZvyu ^HBk ^TAc DJ|hD@ACI8B
_^>ZAHBgYJIeL S AC>?F? D@c ACI[B|Y:I~
LiA_VI[_Ed^^B?JY:cDZBv=Y>@^>F^> T ^:ItBIY p cD#h:ACI[?XL c ^CE cko>N> T `CIfb I8eACÊd> B{T I[NO>@^ Qo; Q ?A. T BeIfACD BgT AH^ DS EsEdIKJACY?FBc h:IKI J `
cJ
B3IKAH> > T T/IT IKI8A8JhI[AB{AHEUNBgJLE Ec cD@h DKcQXB{YQ AC% Ed^:I BbXI T u^> T
eS A8DvyN^]iBÎD@DFI[^D@LD >A u cAyBDDS A8]k]{>FI[EUN ?
^CJ k[S v=? c kB^
Yt^J> T D ?@S
I[IN_ cIKI[AHB
?@>#D=>F^^?eeÂ ?@c B
I=>Z> A T c ACBB> T > T^DFACI> `J|c DI[]gb IV^Bg?FJ> ACT B
Ny>1>@^^B J
? Tc cBe j
>]iT Î D@DF, I[^D@D ec BA8Y~ EdSI[c DF_D#IQ> T {ACQ B/;"> S T >AC>#AyAH> ebXc ^ _S Iw~BOLi>"^^C?FkB/]e?@^:AH]gB IV`
?@>bXN T ` ^ B` I[h:> T I[?@^ > S T Y IT ~
kEd, I[?F^:^D@eDyeJ
A8> ~? T c SBACcj
> _DtI:u AQ> _wT >ZI Qv ` , u > W ^T kwev^ S AACY ~B TS^cT ] _IIS ` eEdI[J
B
A8^
>#N I[DteT A8BAHh^:B I=>tukcJ
^:D?@I[vXe? cE h:c I[LgI?@IVEdNt?ZACACB
J
EN/? >@S ^LiBb I[jBACI>?TJ
I>D
kD@L I>FS c?Z>=>yAHBh A8Yc k?F>FI[> I[?FS ?D Ib`
bXbXAC?Tc J
Edc E DZEdI v1 T?@eD@c >XDACkej:AHI e ACTj:c IcEdeNXTE c c Deh:b I[DAC>ZEdAHc EdBD@^ >@b JI1c >D@> T>FT ?@I1II[DFD ]iDb ^` I[c> I[DFT ^>@AHD B >u _u^H^C^ kakXS kB
AH] e>@S I[B|?I ~~ `
cDZD AHT jeII[^CB
k > Tcc BD T T ACI[]EdEs] v[c Q B{I[6KD@9 D Q c BW k ACu B{A^>eT I[AC?Bgvb J
^:^
?@EsI[J D` AC>@^tB
N
> >T T{Itc B{J
YI[>Fk? ^:c e?>I[T B
I>
^CI[hk=c >EoT ?@^:I[D@D I S EdbX>@DT k^:ê ? TT c I e c `D1LiLi^^ > S T/BgbXJT>@c ÊdI eT AItc B
E c >ZhA I[c D1B AC` Bg> T J ACbX>1T ]I[?FB^J T S I _I[c DD
JDZ
A:IK_A:? J*c} Q _wI[6? 6 ` Q u ACW BiktJAvoI[DZA:DF]g_?IKc}_ c _wAHIEdEU` Nu L
^CN*I[A ?FIK; J?ZvyA T L
eN ACu BiAHBOA N` e > bXS DFc >o_Iw?@~I[Lie^?FA Bgc B v
c? Bgc Y _T ^:>FeI[^ ]S EdI[D#>FI#j c > BT Y?@^ ? SS YEdI[T D òu > 6 T nI Q b$XACT B
AH>X>^CAHk[?@v=> c ^_BEdI I1u ?@?FI8IK S{Sc c D ?@c IK>@J{I vX`{bXkl^T?#c EU> ItT AI
_>T^:IeT]ÊdI[S > D@c ^:IyBt^C^CkXk*AC> B
T NIXDZAA _wc ?D@c}N
A _`{I bX` eT Â8N1]i^LgDFIXD@I[>DFACD@jI[IVDB Au kEs^:AC?Z?F_ Yc ItLEdB NS vek?@Li^:eI[?
^CBk^:?_VACJ
>@? >Fc EdBI j
` DXu L> T S I >Zvf, ^BeI c >A8T ~ I[S?c _]iII[ ?68k^:x ?@Q eu . Dt?> v=T I> T uI e u Dc BA^_??cv DZ_AI[?Z_wv? c}e_A8I[ND
>ZAHjItAC> T{c D=]EdIKAHD S ?FIt> b ^y^?X> T ?@IVI u AH?@> c _EdI[D?@IK Sc ?FIKJRk^?#A
6
DZL A:S _D ? c c}B{ I[_D@I8D v=bXk?Fc ^> TeD> AT _I ? cT ^_I[S DKD@Q I1^C6 kiQ A W ,
k S u J
A?Ae|ACk^Bg?XvA ]g^:,
D@S DFJ
I[?D@AD c B{T YACDX^:B{BÎ
T
D@I[S DFBgD cJ
B?FYIKJ3A/_> ^ T b ^ D S ` DZACj Bic BgJJ
Ed_I[^ Dyb BD ^` >yJ
?> cT BIj
DyDZA:B_^?@I8>yJ > T I ?@I , ` ^ê?yA8^~B{SIc _]iI ^` DA ~
u
u
ke?@D^:AAHe_Bg? ACc> DoT _Î I[?=?ZT vf#^ S eD TD@I[A8ACDoN >F?^CSc kNOB > AHTT DZI[^vVDDFc I6K>AC7> b> Q c ^Bu . `Y:I[Ed?N/h:v I[>ZTB AHI#ju > eI T Â8bXNtS Y T >ZT AHACj> > IT T I[uIN1c >?@LiL
IKI NtS; kc ^:??FA ?ZI[T_DZIv~
ÂC?fBgJ k?ZbXA S T J^v?FkI?@k ^:S eDFI[Dt^>FB{Î Y bXc hT I ^c >KACiE b > T
A8S NODDf> >ZT ACIj:I[kDACeACBiI Ju ^HBkI[> h:T I[It?>Y ACc j:hI[I[?ZD v `
bXT ACc EUDfEiBD@]{^?@>yIKA:IKJ/AC>FI[ACBBgJ AH>Tc DXu > eT II[? > c c > ec BgI_^H?FkwIKv1ACDFD Ic Q36 e{QIKAH'*EUcD j` I ebXcA8DFNI >ZT ACI j:bXIT AH^ >
u
u
B]> I[?@T ^CY:Ih EUI8c > D_c c>@e^:D B1I1Tkc ^C^D1k[?ovXDZ> A:T> _T IX?@IIKeJDF^:I[J h?@S?@I[^ B
> btc > I[T D`:`*6 e{bXQIKc AH> &oT E c ^ > kST ^
>I[^?ouJkT v?F^ ^kb e?@^:IVhe> I[T ?I=ARv#> eeT ?FACAHI[jBD T{c BbXc B{YT YCÂ ~
^
Bg^J
?D ` c ^>8?o
Lkl?@S ^> ezc k A u > T I[ItEsJ ^ ` b ^B?"I[^ ?S vX>AC^HDFkjO>D T T{I c e T ^ `CS T DFItI ` e ^:S? D@bX>T _I[^:?FB
I[khI[IVDF?D#T >FÎ
TAtc eD T> T AHAC>@?> c N
u J|AtI[e IKJ S D@AC>oBgBJ I[h:c >@I[D1?X_[>ZA AHS jDFI#IKv[> TQ I#6 ]{Q?@û ]i. I[B/?F>ND S ^C_ k\T A û_[h _VcAC?@D > c S ^:^ BS DZvD
]g;_?@^:?I8D@A JDFT I[eJ D@DS ACc > ^:Bgc BI[A{DKDQ L ^C6 Sk> AQ T % qI I AHbXD@bXTN T Sa^ ^t` c DX>^:AC?tD@j>IV^CACDk1?@h ]^c ?FBB^YI ]iI[ebX?@T>A8NR^ NkAHB?@]^:I[Y:]ezEd?@IK^:> _]T >@?DI c AHbXT>@c cI1Dy_Fj:> DZTIKA8JI ~
ACA/BgLiJÔLiAHI[> D@` >FAC^ Bgb JD c_[>AC?F^? Bc I[>DT LiI^h > cT ?@> Su ^C^ hS I[D ?` >>@T?ZAHIBD@DIKklÂ ?@e^Hk#D e Tc c eDk^:DFI[?@E}> k S cBB
IK>@vV^ Q
>>n TT 9 I^:Q D@bX$XI cT bXD@I1IT ]_VÂC?F]iÊdEg]iI[>?I[Tk?@Î1>?FNe]^C?@^:koB{]g>^TIVD?@^:>AD@N_I ? ^HcbX kaT_> I[^T D I c IKYDAC^_VEdJ
ÂCD8SEdEd
D@IKEdL JNS > >=^HT >I#TIV]?XI ?FDZbÂ]iIK_wI[AC? ?@c}Ed >>NT _I[^C^CD kk`
>]T ?@I^:]) ? Dc AHS >@?ZI[ACD#D8QAHBn ^6 > Q T . I[?KB p DT]gc e ^:D@uD@bXIVD@T D ^c ^:` Bk^DZv ?` > AyT I=? c ?@Y IKT AH>@D@I[^:^ BS DoDXD@>Zj AHc B>@IKYJ D ` T ACAH]
Ed~ E
B] ^c B> I[Dc B bXgcc >_T>TO] S S BB Yc D I[T ?=e> T I[?@B
^ >KS Y kT^? > T u cIB> DT T ACAC>>F? _[c ACNODFA{IKp vD b A AH; BO?Z>"A ^CT k\e_[AHAH?@BgIA Q
^nACBBgn{JQ D S%T_ c A8TDh _cAt^BBiYeJ ACACS DB __>` I[` AC?F>>ZBiTA J cIXBT jI8A8cJ Bh cY#> BT D Y1IyT k ACB S EdS EgEUEdeAHNEdLgEU_^ ÎVb?XB{D ^CT{c kJ
c e I[> ?FT ` IK^^ J DFS IT>ocJ
^CDXIVk ]gEdTIKI[ACc BiDo?FJ
B ^ I[cb BB
BY>
]>@^X?@^:> ]gT IVI?@Es>A N b ` AtCn ex Q A c) B
Bi>@I[JBgAAHkBg>@_I[I?oACbXEdTEdÎ[>F?@> IVc ^BB Y=>@T ^ I1T{ec eA8NtAXE ec hI1A c AB
_[>@_wI[^Bi?ZACJ Bgc _B{I Y `
k>D@?@T] ^:Ifc e? c j > cS D BSACYEo_ T eeS I[u A/?D@c>#>KeQy]{?@ACnC^Bgi>Fv IKQ _bX)> T T^; c e e ?ZA T cT BeII[AH]hBg?@I[^:A?F>@N DIKT _b >FACDA8EdE` NB|> T IVk^hI? I[]g?tT ACItLi?FI[>^:YL^C>Zklk A?@^cTB{e c DD
LgAACDIV,
YAS YJ
I81J?ZARACu Bgc ]>oJ?@kAH^:?FEs]gÂI[eQ?F>DNn S 7 k_ Q^:T ?)A1AeD; AAC?_BgA ? vT c}` eA8_IklAC>@BgI[kA?^J|?1bXIKATAC>^ DTÀ_cT D? A8cLih ^_c BI[?@?YB ùLgT ACI[A8Y
Y:h A Yc c BIKBgJ Y v
A>CT B
AHN>1]] ?FS^]i?@]iI[^?@>DFNIKv k` ^:Li?IKAy_^:DeA_I[? Dc k_Î ?t` AJ|ÔT
IVS D#BgBJ
^:?F> IKJ S D@NI1IK>AHT ?@DI AbXT u hÊdS I EU> u S k^:?@I ?
^Cek#AH> B T ÌbXj T c ^Bg`J> T_[AH?FÊUEdS IKYJ{Tv ;_^CT h:ACI[DZ>@A ^ ` S D@^:B?IVA/D@D `_w?@D@^ I bcd QI[D1n:> T Q I$X]{?@T ÂC]i>yI[?FD >c N/B
k S^CkE
>b T ^:I=?@EsYJ^J
^:D B` ^> T?oI> T EdI=IKA8]h ?Fc ^B]iY:I[D#?@>^CNtkX^Hh k S ; Ed> ?ZS A ?FT I[eDKQACn:BiACQD ` W kBI[IK_[J|AHD D@cIB> ACT BI^:>]T ?FIVI?~
DZEdI[_> ? c TLgcIKeJfACAHB E b c eA8N
AHD=EAH^CBg*J I[?, ^:AHe>X> AT ~DIA_ _T ? cAH B_YI[IfDa_[^CAHkB> BT Îf>NLgIKI"AH?#]gI[Ay?k^?FA ec D@hIKJA~ `
Bg> bXAC?c _cIW ~D LgT ^:> ?@c B AC`
DbXAT ^ ]iÌ[bXBgcAH> BgT _^ I S >"u kLg^:I ?c B> YT Ic B^:eJ c cDFD@>@D ?@c IV^D@BgD vV` Q/]gIVn?k^:Q ?@e;"DS >Tc A D
JBS^#> ?Fc I IVb DACA:?Z_[Jf_^kl?^J ?ac >BT YtI[>Fe ^c > ByT I#> T EsIA b BIwk|^> ?"b > c ê?FEGI[JDoC^H> k\T JAH>c D@c>@Do?FI[> D@T D I` ^:^:]Lc>ZB A c c ^B{B D
u ^Hk\> T ItDZAHYI[Dv[QXn{Q ; N> T It c D@hIw~J
IVhACD ` L
N> T I , AJ T N
ACD `
bbACBiI[ACJ?@D=I1eL
A8NkA?J|> A TIc JyItk^:^CY:?k*?@IK> ]gTAHIVI>? c Du D ]ACTY:? c cBI[BgD Y _ cu c ]i^CBkAC> Es> cvoTe? IKS I[v DEUI:; ^HQ ?kxA J 9T c QeDF>@$X?FACI[TBgD@AHAD >` u A1I[_Vh ACD cD@S E>F~LIKe D@v >`c cBg>bXJ|S T IK>FJÎ
e_^:AH?ZJB c `8BbXYT >@^ ^` Li> T I Itc BD@YIK_wAH^LBgEdI JAHu >F?@^#N/k ? S S E EdI Es`va?@> IKT AHI=]^D#? cB{Y ^c Bi?@ACI E
b EsAHA bt?ZJ` Ekc^:h?XIVD\> T AAH_Z>~
BÂ8klb^:>@>XI[B?tL]i? J
c^ IKBb AHY>I[T?AHQBOACN xEd^:6 u B^HQ I)zI[LiBiI; _IK?_[vA AHT B3>@e^] AC> S T BgB I1A c D BbXT ^T > > ^c T _wIt^j
DFB^CI^kbe> T D#I[IB > T j bXIyc BT EGYiA ^ b L
c BKNB I[S TI8?@c J ID
Tj cc BeYgQ ox > nT Q I %X; c D?ZA ^ T b eBAH]iBg^ Ab > I[T ? I[c?FDoIkY:^:?@?@IKI AH` >@I[e?=A8> NT AH] BS >B T c DIXT3]i^Tbc D1I[?k^
^HI[kDy> L
T NI
T> T c DoIt^ DZb A:_B?@IK]iJM^ b >@II[?>@ACD Ed` ^?@BI[I:h:Q IKACx:Edx IKQ J' L
I[N > T) c >e T AHS ?@DFhI ACbXB/c AH> TBg^JS LO> N T I[) D cB>ZY AHc > ?Zc AC^D8B
D@> ]iT I[ACIK> _ TaT I`c eBgJ
A8I[N I8J D@Es`=A8Nc DT> cT DyI I[bBI[IKe AC]ic I[^DKB(Q ^Hx kg> Q T I ) ; #?A D T T eAC>FAC? cBgNOA A`DbXT c AC> EdT E
]g> T AHItD@DD@>F> ?@T I[?@B^ Y:S > YT T ^Hke Tc Dc D#k^:AC?@?@> eS BD I[` D AybXTA c c _DFT(NOAyT ACA8Bgh:JI/A LiI,
kSACEdJ|Ed?ZI[AyB L
T{Nc e> T IL
c N ?
bACBiIKJACEd>L TS ` ?@B
> T >~I^L{_ TEGAHc I> kc ^^CB{kDK>Q T xIf7 >Q bX$Xc T_wII ~Li; ^??FA B/T eL
NACBge A S c >FD>@I[J|?FIKIK_JEsAC]?FIK?A8J NuI[>F?F^ D
Liu AHIKBgvoJ > T T II[Bg_?F_wIKIKACv#>FAy^? Liu I[^CBk*I> kT AI_>Fb ^?^:?@u Es^CJkv ÀC>EdE*T I_?@]I8ACS >@B I8c J/D T LiI[?I c` B> YT DIv[{>@IK>@A:^ _ TTI[c e ? `
Edb I[^>o?ZBJ|^1DKQ ex AHBtQ DZ4 A8INc > AHT B
I[NO?> AXTc Y Bc Y ?@E S ` BB]^??@^:A ] uc >ec ^ AHS ?@D? c` IKBJ{^:v*? NS ^ D@S I#BAHY BOb N ^:T eAC?FACD B T `
BY?F^:IK?AC>XAD eS *AHI[B? c ^CBk#Y È c B{>@>@Êd?XIÊUI8B{ACI ?@BS cB B{c YB c` > Bc AC^:>F?IKJ AM` Dk^
T ÂCEEdE*` ^CB*^:I[??#AACB e) AHB YB c cB ~
TD c ^:B>@j ?ZA{c B
Q >@x^ T Q IVEU0 E ^:` AC?XD D bS _ IVT EUE
ACu ]iD I[T ?@IDF^>@B^ DbXv1T ^C^*eI[? c> B{T YMAC> ARu ) L SY:?FB BOcdT>~^^:>FL?ZEsAACv> Lgc ^:IwB ~
EdLiÎBY:D@jDKc EdT EdIKI[JBi_c IXB > Tu > I=T ]iII[]i?@DFI[^?klB ^bX?@eT ^1ACBgDZ_wAI_w? ^Cc}kwv_I[D A u ck>ZÂH?BgACA B{û ?> cT >@I[IV?ZDZvv ` e ACS BgD@J >
j
b BIKÂCbEd> T > N T ` I J
bX^
I[T DÊdBI^:>IKY Jc A{h:QI ` x AC{DQ k)IVI/; k^:??A T > eT IACBg]iA I[?bXk^T ?F^ e` AC> BiT _^ I/S Y ^CT k
ACu I8B S ) ACYEaB
>FNOÂ:^J BT I8I[vN
A bX` T A ^ T T ÂC?@DXDFIB{^DZ>XA_wj ?@c IKBgJJ
Ed>@IK^ J> T ?ZI1AHYODACA]i_?FACIK> Jc` Lg?@I8I[_D8^Q ex I[{D Q
^DZ' A:> IVT_> ? I[c}T?1 c _wee I[DIVbX? AHc >@T> ^:^ bX? c TT^ cAHS _ D1D#TkA:T A _I1c >@> D TY ` c h:ACL I[BiS DJ>1DFEUe_IV^> AHB
EUT>@Ed?FcI[e^?EdkD IVÎ[TBD c DtBu > ^/D@T IVACBAB_[D@I[_>^DyT S ]i^:B
D@I[>1I1?k^C^:]*?@?@eI[Iw?~
DZu L{_w? E cc LgDFD I8Jc Bgv[Q=v T 9 IKQA8h$XIVTB If` Ed^^?@BY
Y:ACI[Bh D c >u N ^C` kokD@AHI[eBDFI I` AH^HBgJDF]A? c_B> cY ^` BgAHv Bg`JT ^:_[BAC^ >FS >@Ed? I `
AC_ c?FACItEJ
kIVI[I[D@>FD?@^CACN:?FIIKJY cL
hNI[BaAy DT AI[_Bg? _c I_AIACe> ACbXBT{^Cc _kT DFeu >FAH^
EUÔEv=eD@eIKAHACBEdD#EDD AT _^ ? S c EGJ ~
Bc B^:Y>AC^HBI[) ?XYA B ucU,T ?Â >@S? c >B A` v"h:DZÂE _wS ? B
c} >ZAH_I? c Q"EdN 6 BQ I[Y)EdIK; _w>@?D1A T > TeIyACDZBgA:A _?@bXI8TJ ^ ` ?FLgI[IwD ~ `
Du T^HACEdIVEBg]i_I[IK?v kl^c D?@eI8 AXS E ACS EBi>FAC^?*]i> T I[IBgACD@BiEsA _SIY J T S >@? IVc ?tBY#^Ck^:BAMIoD@e^B^QB
>
T nQ k^:$X?*T> T ^:AHD@I>
bkXI[T?X^ AC` B ^:)L>ZY:A B c BcdT c B{^>FY ?ZbA ` IKACAH?FEU>I1T ]k? ?@c ^:I[eDF>@DX,
^ S J
?Z_ AHc AHD >` c uBAHY1BgklJ ^S? D ,
c B{S YtJ
?Z> AHT D AH` >Zu voAH^HBgksJ ~
T$ I[?@BiIKA:_IKJ vtc B_Y IVBbXD cS > ?FT/IKJ3Tc AHDek^
^:^B>#Y^:> BT ^:> D@T I I bXT TIKA^J|?@DIK^H_ ck>FI> T > ^T D@IyIyklÔIK^:J{EdAD Q1bX T x ^ Q
bY c ^h:?@I[D ? Tuc ]^HkA > T I ?FI b IKu j ACcEdBi> T J
vXEdIKD JT ACAHEd>1Ea>ACT E b IyA8IN
DX]g]gIVBACD@DFIKD#vf^C^Chk#IV? A T,
c D#S J
e ?cA DF` I[? > c T I[ID
u c B` > T IB{I> b ^?@EsJvVQoiQ ) eACB bX` T ^ê c >FDAf]?@IVDZ_? c LiS IKJ
I[]ABK_w?FwI[> ^CDZ_NO^:? e?c LgI[]gIB
IV>@A?D k` ^:]ge?@IVeBgS DyACDF>tBgA/_w]iI/LI[Es?kAHk^:^:e??@e!ACA L{EUD AIc B ]iA_wI[S >BgB ACc BOBi^>F?_I[IB
_QEd> IKc Â8h7BiIVQACDEdEdu N3>@) ^ EU_Es^D@v1I[eBDACeD Y:c I[AC>D E~
>@I8J*
D@^:eI#J
IK_wEGAH?@I ` ^B> T II[h c J|I[Bg_I1^Cko> T I?@I[h:IKACEdIKJ>FI>@D `
u
u
kL
I[> N/BgT _wAC> IK>T v[IcQ">?FOIKe_ Q cA8>ZN) AH> LicD Îc BB]iS I[^HB?kkc ^B
?F>@IKeIVJ BOcIK>_yJc ^v>FBgII[AHh>@EUIVEdD NB/` _Lk^^:S e?>tAHe > B T c AC>@c >F>B
IK>@bXJ I[B
Tc DX> c c_ ^:IT Bg] ACu ecE AC>FI[^HIKBgksJ v~
c]gB/IVBg> ACT BgI c_w?I[DKkQÊdOEdN{Q _^:) e> e bXcc > _Ic ~B
Lg>@^:I[B
?@B > c ^:eBgACACBEdEdN`
`T L
A8hN/c B{hYAC? Lic ^ IKS _^:D eu D@It]iIKE c _ ACc LACEsEdIv
>@L
^/N ]iu ACI[B?kÂ:?F_e>Zv=_AM^:]geI[e BiACc >FBg>@_IKI J ` c LiBI Ac k>t^L
?FeN I[u ?"> T E c IkI J
` IKe _?FS I[DFI/>B^H^:kwv> ` kLgAH>@IIkl^^:?@I ?
>h T c ?FIf> S ]g^ I[S BiDACBge_I IVBaT Q3AHD#
LiI[Q I[B , ^:]geI[?I k^bX?Fec _FIKj:JIKJ`T eA8h:I[I Bc BOD S >FI[*?ZI[_w?/^ S A?FD@_ I T ACbXBc >Y:T I
^C_^kXe> T e I c c ? >@>@I8u BgJ AHc > BS ?> ACTEsc vtDoE ACc kl]{I ]g` IKACAHBi?ZJyAHBgD@_Î ec I Bc B_^_B{^:D@BIKD@ I8S I[S BiI[_BgI_I1^Ck#^Ck*_?> cT e^D@IVI D
u
>_u T>^T eI=IYe D@^:] Esc >@cJ ? >@c I8u > ^CJ S k^ c A B3S D*; AE ?Zc A k^TS ?Fe^:e?aACI[_[Bi?ACAEdEdv IKITJ ACvc DFD,|>@I[JS Bic?ZDFA_IKIK` ACv[L{DFQIKEGA:JyO_F{j#BgQ A >@cIVEd% I[DK> :I T A:bXJ|> T T ? ^c IBD@D@jEs>FIVA8IK?NACIV^CEdD?k
^CLgk#I8J A ` ; A/?AJ Tc D@eI8ACACD@BgI8AJ3` DF_j ^c B{BD S 7e9 ]Q > c ) ^BB ac >B|T kI^?Fhec Î[Es? AC` >FA^?k^ ^CS k#E}~A/DFeP I[S Ed?E cS Bp YD
BJ
Î DFI_ c IVA1Bg_[_AHN E S c BeBE c ceAC>FL^D8? ` T AXI DF> bXc BT j ^c BA:Y#J L{S ?@Ed>@IKIVAH?Z> ACT >F
I[AXD DFu >@YIK?AHA EUcIVBg?v ^C` kg?@Y:IKJ?ZA S c B
B ~ `
u
D@^CJ>FkACIKB
_AC>=EdEdÎ[E >?tc T e^HI[L{k#D `*DK> bXT 7{I T6 c bQ >@Iy)^:?ZEdJ
I[D@]>FD IK?@AC^:u ^CEdD@I[kXN*?a> T^CA kIT _^^
?FIKD@^J{Ij:A~IKvD@J>F` IKv"J ACkS Ed^
I[e?^` L{J EsB` ACI[J
eD@N
DyI[DF]gBAI[I[]{DFD@DK>FD IKQ c AAC7 EdiI[n{A? Q
$XY ST c ItD T DFI[>@D IKAHc EU> IV?bXc^HEdkEaLiAyIKEs_ACêe] ItbX^cB{EdEaI~LiIVIKN_IK^J*e cItBK LS E c?FBgN J*u >@TÎ D@I[bXB
T > ^c IVBOI>1> Lic B
I~~
cT BA8YhDI8v v=c DoD b ] I[S EdB E c c BD Y:T DIKJRu c LOB NfTYc DXI[BE cIVe?ZACL{EiDZD v[c Q _Fj
7:E x c B{Q I[$XD@D8T
OS AHD Bc BAJ _S ^:EdB>FI[D@?@IKI[ ? S IVu bXBg_c EdI E
^Cc J kc Â>@D ?FÌ[eJ S BieACB
L >t` ^CLk E c Bgu > J T ` IJ
Y IKSAck Ed` >tAC^HBgkXJk^J
?FIwekÎ[?F?evtIK_J ? c eeI[I[D B ` ÀHbX?@IT ^LiÂC?F?FB I
u
eLgAHI8SEU_[EsD@Av=>tS J
DFAHI[I/E DFb ] > A8c T D@N
ÎKD1JD@I LgL
IbXN]iT > I[^T ?DFIyklI^h ?@D cec ?FB> IKDS J^ T S kA8^:DKh?tQ I7> TBgI^:Q >DZAHLgI[jBiIVII[ACBBg^C_k#IIV] D ]`S c ?> ACc}T >FI[IK_[?@J AHIw`>k^c ÂC?FB?FI I ``
Lge^:AH?@BgB A u ` AHJ
YO? A c Bc Bgj v c BbXY c > u T > T J IXc D@DFY] ?c A? c_> IwS k S^ E
S eDoE AHc ?@j
S DK^Q ?\7:_V7ACEdQoEdIK Jc v EdE ,
c BS Y#?A A ` ; DF>@?IKA AHT E~~
cbXBc Y kI u` > AHT BgIJYAH^:D@EsD@J ^_ ^Cc kAH> A c B; Y ?ZbXA T c > eT AHD BgS A_ Tv ` u A^CJ *S I[EUBg>FJ|I[?@I[N ?@DvbX` c >> TT I[NA/J
P I8S _Es? ACS ?@p I D
uc >F^LgIKve^:?@>ZAHEgT{D c c BT D u c eA TaT ` AC]gc AHc>ZACjA:c v[Q 7 {Q 0 ACc EdD@I[EdNAH>@T >@? c L cS >~
uu B?FI[YtYO>@AH^?ZJ ^:c BBI[YDFI[AE}k _? c eY S IKv L ` ?FAH> BgJYkACc h EdD@I[BEdY N; AB
_[kl_^S ?@T eD c BACY> ^:^BBI:7>Fp^D1> >F0 IKItA_ j T I[B? Y `
>D@cEsAHBA8?@NYyI1c B^C> T *Y/IfI[ABg_kIKIV? JDZc I[vA Bi` IKJ ?@ ÌVh IKACc AHE*E c> >FBc ^BYyYD@> EsT klA8Î1N ?@L BcYIKJ{J{J
A ACI[D B` ?ZY klA cÔh êc JBACY1` Bi^kAAC? QEdD@u I1D b I[Q AHh Edc EUJ
^^ I[?@bXBgY:c _wI[BI>Y ~ `
DJ
S ? L{c BD@j >ZAHc BBgY _I[,
DSv ?ZSABQ 7 >Q kl^, ?>@IKklAHÔE ^c B{J Y` ACA?@IJ
I[D]ic ^ D c u> ^H` ^:IV?#Bge_I[IVDBv` IKA S T ACÊ1?FD@>FI ^ `
A>@C^/BgJyLiID c EUI8h: I[S ? ÀCEsE=AC>@Bg^/J `DF>@J IKc AHACE ec B^YBgJ
> T DoIACBgYJ ÊsuJ ^> u T ^HI[k?ZAv=Y:; I[?eA TD `Cec DACBgJ
A:IK_wv[EGQ AH?@7 IK{J Q
<u S ACB{?FeBgACACE ?Fc? B
c IK>FJI[?Zv"_e^ S A ?@c DFJ
I I[bXBD c >`T bXD c c> DFT >@I[k?FI[DeL
ACN1EdI[> D=T I=^Ck\DZAH> TeI1IoEde^ b ^:I[> DFT >#I[?_[`8ACbXDF>@c I[> D T `
bXIK c S> T ACEi> T>@^fI > bXT c IhIVh Dc ^:^CEGkaAH>Ac ^k?Bfc IV^CBgk\J At` P^?oS ^C? kaS A1p DD@Li^:IKB J*` Q=> T I[9 NQ J
, IKEsA8_wN EGAHc B?@IY1>@j ^1c BLgI I `
DZ>@I[A:?F_N ? c}` DF_ I[c EdBE Yc BkY ^?^B{> T I[^D@I[DFE}I k ` bX_[T AH^D@> ACc B{?FI YS ^CB -b ^^:?FB> IT p ND>F>@^tIKA:DZ_ A:T _I[? ?c} ` _weI ` Â:> JT SI[?E}~ `
kACACBg> JMT I[B? I[` Y^:Ed?#IK_wDF> ^c BB Y` Y > cT h I c Bu Y DZA:S _]?@I8J> T J
I û eJ{A I[cD@Ed> N|c v=_Vv DF> S ?FJ|I N/` ^C6 kQ > )T IyEdEU^ bXIKJc BA Y `
^^BBI:I:pp DD1I[N:Es^ J
S IVB{?YL{I[?@?^>LT ?FI[^? > `T I[Y ?c h >Fc B^YeAAHJ{?@?@A N S Y T ?@>FD@I[> ?1` >@e^ AH` ?@^?F?1N c DZBA:Y_? Lgc} I_ klc^B{?@YI
n
kc B^:?Y` Ayu I hc > ^ T btI[?` DFLI[?FEdÊ c > B{T YI[?ZAyv ` >ZACn{B{Q\j q` AyI YOE AHc B?ZJ
Y#I[AB J` AC^:eBID@pI[D E `VbXS c D kSI ?F` N ^` ?#L_ ?@TIKcAHEsj:J ~ `
u > x T Q I'*"c hIKJc BAYvAHk^D? Ab AC?ZYAHIV>D NO` A EdÌKAC_[?FACB DFc> Bc BY Y/u >^HT IA?@I8IVJEGAAHv> c klh?@I ^` e>@IKA:A_ T]gcA Bc JY
>@CI8iAQ _ ,|T SI[? ]g` IV?ACc BgB
J>@I[D@BgI[J EdEc cB{BYYe Y:^
c B{^|I[J|D D u ^bX?"T{kc A:_ T_>@^:^:? Bc II[DZ^v"S ^CY kaT AC>1B
NyB^:D@>^:?@>F> ^` IwD@|I[EdIwE ~ `
u
De_ SS I8L> ACc D BBc D@YD1> c Y:^CB?@kXYIKDZAH^:A:>B_?ec}u IK> _w_T I[T IDZACv BI8` ACc AC_V?@ACBgB E Jc B{b Yb ^Dy^:?F?@j
^Cj kwD cvfìBc ^Y BKB{ uS Ie?p D c ACB{bXY Y c c _1kIE L
c ` h N/cD@B^:eY
?Z_v=IKI[AC]?FB{NEsACDB
u ^HL
>@kwD N v `
?@c B^
?FYy^:I b>@]D ^
?@` ^^ u TJ ACc `BiL JJ|c >@^ IKD@c ^JRBYkk^
^:A?@^_w> J >@T D` v ` k^{ ?Q 7 4Q^BI[<=I:YS p EdD1IK>F_w> ^ c> bBc BYBYJ
A:>@^ J
^b hj ACB/cB
BgY>J
AC?FEdI[YII[I1B> ^:T >FBI1?@EdI[NDZI[A:` D_IK?@ACkI8^>J ?~
c B?FYyI[D Lg` A> JRT ILgk^
> ^` j
BD ^:` B
AC~Bg]gJA8N
]e?AI[_B
> >c D c^CBk Y u u> > T T I It> AHT ?@?F>@I[DXIK^Hv/kwv=J
IVJLAC>@BiD _ ` c BD@Y> S ACJ
BgN:J ~
D_c^ BS Y ?@c DFBI Y bX` c > {TQ b, >FÎKeACE I[c BB YybXYT ?Â c J
B ? ` c LgB{ACjDFID@] ec ? I[c > >ZS AH^ EdD S ` D#Ê?Xc _[S AC^>F>@? Ed` I D@`
EscA8B
N >@c I[B{?Y ~
bu AH^?@eIIVACB EdEs`Xv,
e S J
c B{?ÂCD?` ^C=*AI[Bgc D@_wN
I[ACD D ` ` _[^:A ?MS D c BD Y(T ACEU>F^:? D@c NODAH^CD k` AC_[ACBgDFJ>@I AH> u T 5 I ]gc DFACe ]|~ `
u
D@ACACe>>XACDFI[j]EdA:E c c v[? B{Qc YM> S AH^ {>S Q3D> TPE c c Bc hS Yc ^:D B{? Y/bX` _ T]gT cA _I8c TACB> c^ >FB^3S Y Y ` AT AH>y;BgBJ?ZÂ AC>yT B e>@^S AHB{BgLiBgA IAC> DFL
S eN?ZAHI[EdAEa>^CLAC*Ed> I[^ ` Bgb ^:_wv I? `
bXc L c T > T?ACAeeDAAHvB :` AHQ?@I#J
IKc _wEUE EGc AHB?@Y3IKJRA(>@^J
^:_VBA SjDFI[I#N ` > T A I#T Ed^^:DF?@DD@I ^C` ka_[A3ACDF_[>@AHI eu I[PtE ÀH>A ~
LeJ
I[S c IVa? IKAC` JEdÂHB/`_[AHe I[D@Ed>FS I[I ]DF>1T u , AHLgACB
Ie> `jOjB{ARAC^ ? Yb c ÔjBAHAH>?Z>FAH` ^BgAAJ
DvVI[T QY:I[?ZI[ A] 9 J|`Q I A ) u > _[T D _wITaI[]` ^H> ARc BIVD@BgYBgJ
AH]{I[j??@I vyI[` DF>@I[^^B
?t>@AAD
kc B?F^YteAkL{ACEGEdAHD@eI T IK^
JM^|Je` I[eB AH` j>F?ZI Au J > cT B{IY ^C` *D@I[I[Bg?Fh J
c I[B?Y v S,
BS b J
?ZÂH?FD> `T NtACBi>F^J/?FDFIK]g_IKI AHc h:j:I ~
YL cc k?Z>FJ|D D ` u ) IKAH]g> AHc B>@?YAv[ACQB
N
> 6 TQc BY/ c j:EdEI[c ]B>Y _c EdB^D@DFI8I_>@>@D ^ ` D@D@]ec ? ACc Ed> ES ^:^ ?S DEsACE ?@c Y:SI `^?F^:D ? `
D@e>FIKAHACjE I c Bc YRek] ? S S?@c >I ù 2 ?@I AHb EGA8^
h^|A J T ` AvV^Q? ^ b I[?@D ` u AH?@Iy^C*I[Bg_IVDZv bXTc _ T
:' ::u ::b :C T
^C] kc ACbX>FIKTn{J*c Q _Q(T IK ACAHx Ed?@E*Q B > T0 BI^:^? DFI[T{hv*c IVD_?Z^:AC] eEoS ^H]? c}Ed I[I[>F_[BiI[AH_Ed> NXI[c ^D1> Be^:> I[D@T IB
I> ]ic ^:I[DFEGBgBA8AHIKN:JBgI[_?yu I[_[D^CAH`kBgL
AvXN#Lie; I1?ZIKA IACT
B{~~ D
eJ S AH? Bgc BAYD >T b ACIVEdE=EUh:eI1ACNj:IKIAH?@AD ` T
D SS >L{D c c BD@> c > B{T YI^kB^:?@AHI[EdDFe>DXACBgACJBgJRJ eb IVACEUj E c Bu c YtB > cT >ZI v
D@^ j b S BEdEkl?@^CI[kI AbXcJ
EdIKE ` A:LiJ(IK_e^:eAHB I Tu cc B/D AtAHLgYgAHQ->@>FEUHI8gv=Q > T . It?>ACEd?FI[Y> I[T>Xc ^He k` AC?^C_ k T I[T?@c DD
bXD@IVT Ek ^/T j
IKBA:^J
b Ed^Bu Y Tc c DtB
>@] ^S ?FA]g^:LD@EsAIKvV[cB^:Y ? T ?FIIoe A87 NQ .> T ? ? c T _IIe> T A8?@N^ bz^HTI[c ?teA ~
ThAC^:Y ?@D@c >Iw`~DA A_$ ? c? c hO_I ? c` > A` ^, ?hAHAH?@B Y c )> ` YA/B c P1D T ^:> DZS A8>KhXA ` {ACQ B . ) ? L `T{c c B3Y c > ^:` ?ZJ
AI[?c >@D^ ~
?@ÎVB{eI ^CT
hS I BguJ|> ?@T IKItJY NS{^:c YOEd>AC^HBikwACv=D ` DFEG?FA8IKN _ cc B> c YBYA ^; B?ZIyA T ^Cek>AHT BgIyA `:T IKItJAHeD A8` N IKAHb > cACBEdjY
E>@c ^ >@>@AEdI ` ; AC?ZBiA JT e_^:AHBOBg>FA ?@^:` EUEdE IKc BAH?@Y BTI8cJ D=^c B?@Y
> ACT BID8IK{JQ AH. D ò? bXT T I1^:eEdIA8Nt]?F]^?F]iI[I[D@?@IV>BON > `
A?@CI8Df_ ce ] cS I[_ B
T/>Zv b ` I8^:AC?Ed> AT T AH^ DS D D@S
I >F_Î[YDfIV> kT^:I[?t? > T bXIc > eT A > c T B
I>@I[k BiS AC?FBgB _c >I S u?F^HIk#> T {I Q
.> T ? I` DFD >@S ?@LI8DACc eDF> c AHBEdY/^B^:Y Bu DZ> AT _wI ? c}bX _T c ^:ACEdEIk^
_^ ^|S J ?@àD@IT I^Hke> A8T N Ib ? c AHh:EUI[j ?Zv AC,YOACA ?c BACD@D>~
h> T AC?> cc _CI#^?> `T ?@I I[DF, >@AC? e c _w>T{c cB>YAX^HTk\c DaA1klÔÎKJ JA{u hQ\I[:?FNQ e % S A8_h T c Bv `8YtT D IXT eA8hA8IKN1Jye ^H S >Fu >@ACI[Ed? E
x
T^?c D c BT A Ac ?Zv_`^ b T I~]ieI[B A8` N^J ? b c BI[EdEA AHT >#I[> ?FT e Ic >ZIAHY>@I?@IV` e ^:?c >AHN>1^C> kT > IT I?FÔh ^:c>tEdEs^CACkXY:I A `
>@e?FI[AHI Bg` AC>ZD8AHQaj c 9B{QY% ]{I EUI8bXACD T S ^ ?@I S B c BT I[J
D ^c >c ACB> Yc BY:Y:ÔEdN^J AHLg>FAC^Bg_J|^ ^b BDD=EAHc BgklIXJ k^:; ??>A T T I ~
DZ^CAHk[jvoI> T ^CI1k e ; S?ZA ?TJ
eI[?AC^HBikACA D1; ^?t?ZA ^HT ke_wAH^ Bgb A D ` òACc BgDJ k?@uI[D@I8^ J c Dk?FT ÎKe v bXu > T T ^tIDY A8Shc I[EdD>
^Cu > k[Y T vtT I>FA DE c ;kACIt>?ZA ^HEdT kwIKv1eACDFAAH>Bg_> A^ T pbtD?FI[` uI ]^:??@> ^:c ^He]gkIVI[?@A D >N; u v AH?` YOA A^T c?eB{D@?@AC>yI8Bg_?@A{^^BgQtL{ LgS 6I[IV?FQ ?@D DW kXc > B(TI cI J
> T IbXkI[IV?T Bg^T _EdIII
]A?@_[^:A ]gS IVDF?@I>N/òT ^HI kcA D1; k?F?ZI[A IKT J eu ACk?@Bi^:A e ` ^T? c Dtc k Y T SIc EU>Ed^v[DFQI[D:nTQ c D1% E cI kIbXkT ^^/?1D> S TO_S T D
u
_u ?F>I[I[T B
eI#>@?YA ACcS>FB{IKc DZEUJ/>"vy^Ce ACkwE v"c b BgD@A8J EsN
A8` DN ?@cIVBe?@Ye ^CA hIV;c D#B ?A8A TkT >Fc eI[D?1ACh> Bg^ T btA{ItQa` Es AH_ x T]Q AHD@It.D@>F^H?I k` T > ACI b BibXI[J3EdT h^^HI1k` NA_IKkÂH>@B
IV?@D?~
IKLg_ÂCACB|?F> > TkT I[I[D@D D u c ;u BbX?ZY Ac > T TT Bgc D> ACT Bg_I?AHc DZ]ev ? ` cI I[ACDFc Bg>@B3DZJ v"AC>ACB3T >IAH> D@T Y:D@I#^|IVeJ|_EdD^LDFEd^HIXN/k^C^Cekak#I[A > B TT Iû ?@YDFDI^T ~J
DZACDyA>@_w? ^C?c kXNOc} AC> _DT I v I ``
c_D EsACu ?FAHIKEUJ DFÔu v>@^kl?@LgI[IKI8J vX> u T k?@It^:?@e^
^Y >S^Cc Edk>Z>v[TQ/ItHDZgA:Q _?@$XIKJT I EsA ; b ?ZAACTBieJAH> TBgIyA #c DD T J
A8I~~
>@AC? Bc N
AHA D@D@c IV>@eD#>FLÊd]aN ^HT k\IVD BgS __ I T T eI I[bXB T` Li^ IKT _^:AHDe_I[^:DXB
] kI[S DF?@D@IIKQJ T7 cQ D#; D Nc BTLgc DIkl^:^? ?@c I ~
Yu Tc B/c DAC>@EdIKÂ:B{_ IT{c A B{Y ; c ?ZDA v\T A eS >AHT BgÂ ? c c >D#ACA> c h:J
IoI ck>^N?I[ehI[IVB B/` kLi^:IK?X_[A> T S IyD@IY> ^T J
I=D ÀHIKBgJ{JA
cbXDT > ^T IfAC?FkIt^ S EdIKBiACJ?FACB> IKc J^:Bc Bk^:> ?T It> T ACI8>8JQA]Q?Fû _W Esk[A v#c e^:B> EdN/T It> TI?@I[] Ic AH^H> kc ^> BT I[k^:e ?
^CEdIK*ACI[?FBgB_IKIVJ D ` e> T IVBAC>=AHD ?@T IACEdAEg]eS IK? AHc kBNyD1> ^CT kXI ] u S D c? Bc B_[I[AC?FDZ> vVc ^:
Bak^:Q?> T Q I b)^?; J
?DXA T ^C~k
eu AHAHLgBg^CAh:IbX~eT ^ I[`CB
bX> c c^> B{T IKJAtvo_w?^S BgEd_I[IVD BO` >F?@?ZI[AHe>@IK^CJhI[e D=c > BgT J If` Dkl^c B/EdEd^ _bêD\ACe B
cNy>@>F^CIKk*Jt> L
T NI
D@J
EsI[A8DFN >@c?@B^CYN c BA Yt; > ?T A IXT I[eeACLBg?FAN^ > T u ?@^H^ kS A Y ;T?TA cT DeD@ACI[BgE}ksA~@_` ^:> BOT >FI#?@^:DFIEQ^Ck bXQ T0 c _^:T ?
bAC?FAHI DZv u I[S BB{Y
jOACB{YÎ8bJ B c B` k^^:?Z?Xv D@T EsA8A8N hcI#B^HYAIV?@IKJ/D T A AC>Fu ? "c NOIKAyJ c ^:_[?#v=AyDZA:_? A c}c D@_wN
I A ` bX^?XT Â
u ; ?ZA T eAHBguA) v b ^:ec AH`gB T bXT ^ S T AHDaLgAH> T I8JtA8kT>FI[?a>FI[e]i^?AC?FN S B
~ `
_Ed{IKQ ACB{'Bc j:I[D@I D bXc D@If>@?@kÎVN?Yv c h c ItBYye kACD@EdDF>XI]iI[I[h ?ckJ
Î[?FeBi_I > u Iyc BDZAHAHeB I1c e]gIV]iBgÂC?F>ZBgAH_wBOI >
c_[ BA9 Y3S Q D@$XA3IKv T`J
c D#IVk^:]gI?^:D ]]gc >c AHAC` D@> D AHc c ^^:BgB BgJACT >FkAC^:I[D#Ed?N3Lij I[ACc I[EdL EBSc BD ]Y c B?@I[Y/u DT{_>c ? DT c v LiIIKbX>@JIKc kA:kI^:_ T ? Î[? S ? B ` Tc kcB
D^:>@?I[kB
? DFc> >@I[c IKBg^:AHB
J*E~~ m
AC; Ed?EdNA T j ec EdACE c BgBAfYBA ^; AH?>@A ^T B{eI[eACBgI[B
A{>L c DXS >#^?klJÂ ? c Bc B
I8>@J*IVQXBO> c 6^QBgAH) EUEdN> bXD@cEs_A8IN ~c LiB{^Y?@B A
ee cAHBgB J bX` u T > ^ T IXT D@AH] D c ? u cc >B
S >@I[^ B
S > D\c ^:E c Bg ACS EdÊdN?ov_[ACJ
Ed? EdS IKJBvj `,
>S T ?Z?FA1^ DS T Y ACT EdEJ
J
I[? E cS BD jfc ^> BT AH^C>k
EDZc _[ AHS EsJ
^:?#IKJLi^ L
c NE c B> YCT ~ ACT > ^`>8T I bXcT DfI[B k?FI[TIKc JD1Lgk?@^^:J
e N TT c ACDDfY LgSI[c IVEU>8B_:^:neQ ]. EdI[? >FI[T EdNI
eu E c A8 N/Sc J
J? v1c B{_j^ b _J^ Sb Bp DYS Lg? ^ c Bc E Ic BòYHb ~ T AC^:>FI[> ? `*` S e BO> c c EdE j T` I_EsACJ ? c cIV DKIKJ x L Q S >@. >@IV? ?ò^:c B ?
^J ?S J
? I[c B{?Y>F^tA?@NI[IKeAH?o^ChÎBg_u I> T u I#A1Y JSA8c NEU>ova^HACkw>ovB J
c Y? cT B>j Yc B{?A Y c B,|D S ?Zu ^HA k`?T c I_wIKevA8^N1?oÎKcAHE}>~
cc_[BBgACJ
j:LI[I ?IK`
A J b c `J
IKD#cACD?ACc Bi>B{T JYI_V_ACEdJ ^:?@c >?@?FT>N NI[c B{D?@Y eIk u S A:A D@J
IbXIXc ^CuBekIt_AC_ ^ EsS bXA]v1T A^HAHcktDZ?XvXYACA ?ZBgA J c BAHTYg` c QD=D c HB^ gb Q AHB EU,
DFST ^ ?A A cc ?D `
_[AyACEdEdIKA Jc DFNOJ Afc ?@D> T u AHeEUE*AHB{EsA^v[> J|T ?I[c BgB_j Iy,|A S ; ?ZA{?ZQA T e7 Q AH,
BgSA ?Z` AAy^:BD I1T AHe >@S? c D@N
>=A j
` BAH^ Bgb J
>@> ^T ACLg>tI=J ^Cc kiD@>> cT Ed?FEdIKI[JMIXj k?@c Bi^:eJ

D ` Y:> ?@T ^ ACS >BgJ J/c D@? > c c _EdIEdIK` JACkBg?FJê> T eAH>^:EsJ ACcD@D@DF> I[c D EUEduIKYOJA kS ?@J ^:c e v `
u
u
I[>2 Th:A:I[IB-J > T
bXDFS c^3j_IwA8AC~~ ?FLi I^^ ?Fb AHBaI[EUQE ?@D u >{T Qe?F,
I[AIS J ?ZT D@A h^:` c?@uv[>FAHDZEUvyEiAHDkl^^> >?@T TL I[Ic ?J{v ^:J
c BI[B
BI >@^8>F Bg^3c AH_[ACe> T> cIKIB{JY_ TACJ|Lic ? I^Cc kBhj
IK^CDvk
AC#BiAHJ3j
D J
T IKAH_wDZ^|AC_wD > ` c AC^BiBJD AHBgc DZJ AHj ACI[DKD :T A ;AH?@?ZIA T > eT IACBik^
A ^bXJT ^H^1k#IK> ACT >FID u > T AHI=jOD ?@T IVeACD ~ `
Bg]gAHAHBO?@>Z>FAHDoj^CIykwv^Ck> T D IXS _^CT *I[u ? D c S BL{Y:D@D>Z_AH^:BgB_D@I[IKD_wv[?ZQAC>F:IKJQ >F)^1> ; T ?ZIXA Y:T ^|eJ|ACD Bi` eA ` S DFDF> >oS B]iÎ~>
u c IKeJR]L
?@N^:]gJ
I[? ?FS EdN|B{vjI[]B?@B{^:I[BD@^ D S ` Bge _Iyc Y T >IKJkACc Ed_ E^:u >@BIw|DF>F^DZev ` IV>^T?c B_w^Y ec ee ] c >S ?@DFI ^` e^:I?
^> T > TI I[?1; ?ZAA _T > ebXAHTB c _ T u > T^ SIY "T >IKJBA^v >XbX>F^TcLi_ IT _J ^:b eI[e EdEUD c >F>@c IKB J*TQ=c D{LgQ ^+J
N T I[c B D
;u IV?ZhA I[T Bg:evAC^:B:BgT _:^
I ^|uJ^:BkÊd:N?FDZvAH:jJ
CI[IVD E S TYc IKeJ AHbXBgc J > T T I1D@] Lgc I8? c_> ^S e^ S I[D#DA E c ,
S S ^J
? ?`=AQTc D
u
^BSID>E {c ] Q ?@S ^$X^_?FT EsDAItc_[ehAHACEdEU? > I8c T ^JIySv D=AC,|>@IS ^:?ZB]A I[c TACe>A8cI[h^:B
IB>=D=> kT
^kS^:?XD=?#DFLg>@J
IKIV? AHcI[BEBc j BIc YBY ]> T EsA It> c T BY:ItIK^J*EsD@J ] cW"u? ^CcbX> kSc EdA ~ E
;u ^H?Zk\A AT e; ?ZACA BiT Aev[Q AC68Bi9A9 voQ D )T ACEd; Ei?ZYA ^tT >Fe^tAC> BiT A IbXj c T B{^ YT ACACBgDXJ D@` >F_^^:EdB
I[B/kI[DF> D T c I1BY Y^:TEGc J D
u
>D@J
T>FI[? II8c Jj_I ` E S TDZLA8c e-N ù bX^:p 'BgT_^c _I ?ZT`J L
` T N ] ISTeBc D\c SD J|T DFIK>ACe> _VT ACI?@d> ?Fp T NI=v68`9> T{6> cTQ IwIk|$ Lij AHIKc j _Bc^:Y B{eY TI[c Dek?@] ^:DFS I[e ?FE}kITD T^:c e?\ACEdA vE
bXc; B?ZT Y1A ^/T> T eJ
IXI[ACD Y:Bic ^?@A I[EsJDyu eu>@^C^/A8kaNy?FA I[] e; S ?Z^C? A ch:kT IN eL
T{AHNc BgeAA D@vS I[` D@E}D>Fk[TI[v? AHL
c EU> NE{c IV]gADI[S ?> D@kT ^>FII[?F?ecY > Sc > IVc T EdDK>#IXQ ^H]g68kIV9 Bgn{DF>@ACQ IKBg%AH_wE}II ~
u
u
k> ^:]{T ?@?@I[I[I[D@DFDIy>#_?]gACc IVLiBgBgJIKACJBgJ
v_w?@I[kI[^DFDD@?IKAy>J T > bXItc B c DF_Esu IA8YO~NAHLgI[?@^:?1e?@B/^CIVkBOe>FA DZACv"; Be?eA A:T J
A8eNIXAC^C?@BgIVkaAeLg` AH^C?@hE j*cI1h Q c> B6KT 9:YOItxv Y Q c S{B; c EdNA >
cBBgI_ S c ^?F?@B IKJMbXLOc > NT AfA> T P IkS > ? S u ^Hp D k\Y:bX^c EskJIv[L
N3L S > > T TII1k^:eEdEUA8^ NbXAHc B>@^:YB]gII[kBiÂC?XBg__ÎVB|DK~ Q

_Li6K^:9IKB
gJ kQ` I[^DF% D?"c IBI[eY bXLT{T ?Zc^ A:D_T IX_AC? > cDyTeIXh I c ?@`^:IKEsJ:IAC~ >@T >@I8I[^:J Bg> JTc ec DTAHc P eYIS DF?I[u S^CE}kk\p Dy^:A LgB-b IK^JA e` T DACIKT BgAHACvV>@EdIK8E JLO` NA8c k?@J
>F^N:I[B ?~
cTBc YD=^T ?@IY
ACLgBIK_wAC^BgeJ IVTDc D] >FS I[?@D@I> c _wEU6KIV9:D#7 ACQ Bg.J ? T `"A8hT cA8B{h Ytc B>ZY AHjT{I[c Be> D@T I[I[E}k#e _ S c B >T^Cc D
^C^ k c B{4IKc J ?@? Tc > ACc Bgu J
> TD àIT D@I^ S e> T A8~N b b I[D@AC>Edv j`"D@S >FB
?ZA> c c E Y T T >I>Fk^ AHb EUEdAHD?ZJ|J
^Dfb > BT Iu J
?FI[IKY A:c J^v[B
ue6KY
9 A8ACN?FQ e`8bXI[. cB
> ? >@T `D1Ay_[^HACkw_?Fv^?@BgNLg_wc ACBI[?FY3B
j>@?Z>ACAHT Bi>@I/JIKJklAHÔeEU^:Ed^ >c bXBi^HJc kB` Y ]iAI[T?Lic kD1IK^:J
?@LiDFeIK>@ACIKJ?A:J SJ ?` >@c ^BJ
Y?@YIVA?FD@^ D@bXbtI8J T `*^:T c EUB II
NYOI8AHAC]g?#AC> > cT `KIc BtAX? cEdj
^:Bj TI[Ed?ZNA kû ^:?F?I[D@T>8AH?Z68J 9 `Q]gI[. Bi? AC` Bg__^:I8BOv >F` ?@^:?FI[EUEhc IKBAHY EdIKTJ/c DL
^N ?@Y
AC?ZBAD ~ `
TE S IBgAHe?A8]iN/I[BgJ AHS Bg? c _B{I Y/` u > D T S ?FLI[DIc D@e> c B^YOB
v"> T ^DB_wDZÂB
_w> ? c c}B S _ ^c ACS E{D@kEdN^
^]iJI[^:?k?^Lg?FeAH?@Ed> I[T N:I ~
YLi? IKS J*I[Q E `86Kc Bt9 ^Q ?J
; I[?oN >@e^?@IKI[AHeBD1^Ch^CI kXu > > T T I[IDFIY S]ic EdI[>*Bg^CAHkwBgv_hI[Dc ^:EseAC> I[c B BYXbXA#T P^ S T ? A8S hp ID
_Y^:S{ec Ed> e ` c L >FS>@IK>Jf> eT ^:^:D@?@I >ZAHbXEgDT c ^3BD _^:u 2 eA e T c AC>F]i>@IKACJ >ZAHe jAc v"B{ê?yA8^CNt*?FI[I[Bge_I[^CD h:` I#_V> A T S I Dc ?~
ckB^:EUYEd^ EdbX^DFc D#BYy^CkX]g_[IVACBgDFAC>@BgI _w` I[u DK5 Q ]g6KAC9 ]iACQ >ZAH% jI A ` bX_[T AC^BT J|AC^ Dtc >Z_v^:eLONe > c T>F>@ItIKJhACA? c ê S c D ~
Bu > ^:T ?I ^H ?FI[D@Bi>_v#IteL
^NB
D@> EsT A8N u cABYJ
IKAy_^__^ > b c ^:uB/^:?X^Ck[L v=S LgEdEsACvo?FDEdI[T N:AC~EdY:Ea?ZJ
A ? c cBBD8j TJ A8S h ? cc BB{YY
D> TT IXA8h:DFIKEsAJtc BAHEUE_w^Tb c D v T `CAT c IX? è ACSBgD@Jf>o_E ^Cc h:hI I[? c cBBYA1T_^ c eb ~D@T I[E}^ k S bXDFIc > Q T 6> 68T 9 I QoTq c J
S I ? c u B^HY k
>> Tc >IyN> ^Hb ko^ k^
u ^|k^J{Edv Ed^ bXbXc c> BT YO^ v=S >eAC^B
B
NR> T kD A_T > Ic > cD ^ T S ACDXEdEoDIKACACEd>>tAHA>XD@I[ehIVAC?@EdNE u k^ SS AC?@>B
T ~
eTc D#IKAH^:E}~?@>YOc AHeBI D ` S AHBgBgJ
JI[D?tT _AC^:EdEiBO>FLg?@AC^:> ET Q I 6c 6:B6 >Q#T q I S S ? ? c c BBYI>^CT k\I_^ Jb A8DN ` T jIyI[I[D ] T c B{AHEdY E
ku ^?AEdEdc ^ D@bIKJM> LOT NI>_T ^ Ib c ?DT AH^
Bg^HJ k` DZvVD@g>ACACBg>J B c Bc Y Y T > S ` ]A8? kc >FY I[T ?#> àDFI[c ?@B h T c ACBEdYIAC> BgT JIbJ S ^D@?>~
Dh Tc ?c ]ACD] ACc BgB{A{YQ > T66I[n{e Q ì< T ^:IyBOD >FT ?@^:AHEUEdE E\c B?FI[Y eTA c ec B DFI[c B/E}k\>ACT BgI JRu k]g?FI[^:ItD@> klS ?@?@Î e` _[ACAHBEUEdY:IKI[J{? v `
Tb I#AHEde j `S ACD@>=BgJRD@>ZD@AHIKBgAHJ > bXTc T eI[BD@IVE> k T bXI[NT I[DFB>ZAC> BiT J IV` NkÊ c EdI#Ed^ J
b ^ b > T BaIVQ e 668bXx T Q I[u B+> TT I[I[NB
>eAc YS_IV^ D@?@b>fD ` ?@c I[DACE vXBgc I[JD hc I_F> j T T ` IIV^?E? c j:LOc DIN(` > ACTÊd?F?fE=IKkAC]gAC>F^:EdI[EdD@BD D ÌKc LJ ^:Ed?IL
N/D@e> c JI8_FACACj
BB{D D8YcmI[B?6kA6 ?@g^:eQe^:W ?Z> B ACTDFc TDI[òh:IKAHI[T D> I ``
cT B3I#?Ze A Sc B D@`>B^?^:>c BDFI[I[_j^:Es>@J ^y` D ^T ? I[EdbX>FI[T ? I[B(Tc e> T D@I I[E}kbX`Cc bXBgcJ> T L^ EdS ^ >b Du h ?@D@c ^>v=EdI[D B
T >FIVEUN E~ `
>@BI[^? >yc BDZY/A8N > T u IA _b ^ b^?DJAv `"_V_c ^k?A J c B_^ Y/b >@^ IKAHT>@cD Du ACAHL B
c NOE c > >TNOc Q BYO6v 687 c BQ ' TI[c Dy> ^ T{b c e B
^c k?1A ACB_[^:AC>E}kT I[J
?8? p cD BTj
^D S u DFe Ic ^:Edj|? vV Q I[Es6J6 ^Q ?^$XB/T I> T D@IEsA8> N:T I[?@?IVD ^HTkc BA/YH~_ ^ ^
b^:? bX` T ^:^ ?
D@> I[T ?FIyhI[Y D1S{c _Ed^> b bXD Tc c B_ T > T{T c I DXec Bg_ACS B?@B{?FI[IK? J ` ?FL
I[Nej ^Cc h:EdEI[c D#B{YA8kA>FI[?#_^ > b T ?@Q IVIt66 e{Q^:BO;"> ST >D
>@A8u ^^:k>F?ZuI[v ; ? c ?Zk T A IT T IeT AHJ
ACD^
BiI[kACD1S DZEdvBEdNEdÎK>AH]i?@]gI[B?^:kIKD@^:J DF?@I[ec D@BD IK> Ju T D@IX^> T e IIKSJ{]i_A#I[T Bg>FAHI[]BgB?@_^:_I ]g^ ÌVb T?@D>IyNACve BiTJS ID@A>e L Y S S c hEdD@E I> `
^C_^*eI[?e >F^tc >@>@> I8T J IVeu ^:AH> TEdE I[T ?vtI Te AHc DKBQ ^6?6 ^C*Q I[$XBgbX_I[c D _Iwu ~5 Li^]g?FAHB]gACe>ACI[BjA:bXv ` T I^ gT _A8I[]h:I>
u
kAACÊdD@D@?F>ê S AyJ
`VcI[ByE B
S >^Bi?bXACJ
?XT I[]i^?I[>FT Bg^1ACAC]DoBiS L_?I?@c ^:Q kN1j6I[> 6B T {I[T{Q ec ;DoDFSh:I[Êd>1hb I[AD DF` ) > > S ThJ
ACIXIVj DZBOc AC?@> eB bXc IBgT v ]i^ ` I[eBgT ACACA8BiD#N_L{]gI#?@IV^:^C??~~
jA1I[^B B{TI~c IVDXNh:IK^ Jb ACDFD DT ` ACA:EdEa_[_^H^?IVJ ?c BACYy>X>@B ^yc Y > T T >I1^:? BS EUAI^C_?@ka^:> D@T D Ib A8 NAHj>@A8^ NO4AHYc ?@Bg? AHc >DKc Q
>L6 T nS I 9>F>@Q I[?@?% I `>FA8^Th cI1BDYACT >^CACA *Ed` E I[>F?@^ IKBgJ(ACW EdBiEdA:NJ
_[?Z_^CA ^*` ?I[J >F? c^Bu klY/> ^ T S>FI/^?v>F> IK^:T ALI_ EsT AC? I[> S c? Ed^:IBu ^HD^kL^CEsk> ACT _> IEsc AC^Y:?Bc^D J
IKc D BJ `
;2 ? ACcdT? S AC>@DFD1]gACY:> ?Zc ACvoB
AH>1BgeJyI>@^ ` p ) 6 nY:B6 Qc` $X?@I8T _ ^c > D@c I BYtbX>T T Î#j
Bc ^ jtb h:I[> ?@T DFIIp 2 IKJA8AN1> J
T II ~
_u N:EsAC^ ?FS I#> T> T v ACbX>XT A1^yhk ^:S E SE BOEd>DXAC> ?FT NItIh ^ S b D c ^:u B^Hk^HD@k\> D@S IVJ
eI[B
I[>@BD TL
cN]A1_^> bXB{D@c >_cI> ~S Li>@Î[?@DB v
>AT IKLI J?FA2 IKAc ACe_ ?T S]g>@^HAHD k?@` >@>D* T >FS AC^#? >1S> ThT
ÎS b >DFA> Q S u J|6 W n:I[BgB
nJ
> Q?Z` A:$XI[v B
` T >F> II[T ?@IJ D c`
>@h cIKck A:BT _ IyI=T EI[Lc ? Y ?FTIKu AC^C> j
k\bXD > T{T TcI#c _ DaTY:h:^^> J
TbtD I ``
;LgIV? I[cdTBACDF_]gÂCe> ce vXc AH>@Bg>FIKJ J ` TA8hIACDjT A AHuEUEX0cY:?FÎKv[LiQ I[6 Y:n Y x c BQ Y +>@TÎVB/D@IVh> TI[Bc DT D c^ B S D@T I[AHD D `
JT
?@c DtIVD@J
D@I8I[IKJ J*cQ B6 > nCT iI Q T,
c J
S ILD ^Hc D@k#> c> BT YI û DBA_A? cD c _BIKY:JEUIvuAHJ{D@DA `c EdN/]?@e^_IKEsAHA Eoc e > T c BAHY>
_>cêB{DIc D@^C>Fk[DZv*v"> ^CT kaI> > T T I?FI[AHI=EdeDZA8DohAC^BiLAC>AD c uBeIKJy^?F> B T c I[B?FY I` AHBBg^
J^B Li` ACAC> BiT{J#c B{IVYhI[ACB > c uB> Y
T v I `
T_Î1eLge I8_c ^>@e> c BI[YDX] bXS c ?F> IT(A8c kB
>F>FI[I[? B
u>> T ACItB
NEsAC]{^CD@ktI1> ^CT k[I v=J
Î[BIKI1J
ND I8bXAC?KTQ c _ 6 T n 7 _[Q A 0S ^:D@I ?
Ekd^^D@?FDe^CkA _V, ACACD@>FeI >u ACPt]gACAH> Bgc A1L T #?Z?AHc ejOj DTACj?AAC?Au vk^:` ?u > J
T ^ Ic ^HBY I[c Bi>J
v I[S ?ZB vc DB
T >@AHI[B
EUE:> ]gc ^:IVB
?~~
ACEdEdN ` u > T I? c j
j T ?Av?@I[h:IKACEdIKJL
N ?ZAHYOAC]iAC> c Q 6 n{Q ) D
C
CAu , >FÂCBeIVjeAHI[?ZB
A:>v ` klAH^Bg?JMJ|kI[ÎK?1J
D> T bX^D@TI c _ bXT TJ
c _ I[T Y:?ZeAJ|ACIj:I>@ÂeAACe B c S IKB J(b ^_[?FAH> D@T >FNI
>@u ^]iI[?@BgI8AH_BgI c_hIKI/vyYJ cS k?>@cD BYu ) A]gACe>F?Z^:AB
v > ` T u{T kI^:? D Tu AAH_EU>FE=DZ]iv I[bX?kT{^:c?@_ eT vt?@I[> BiT J
II[E? S Bgc eRAC? ~
]JSA8N
?FID u bX2 c > ACT E c B u Tc jÂC>?vtACBLic ACN
?@AEdI[v N:T ~IY?D ST I[ACEEdQE:DZ6_[nAH{EGJ Q T. c eB{IDFI[kE}k|^ JS S?@> ? T c BY#u ^C> k#T > ?@T IVII
]iII[]BgcACACBi> _c ÎKBgvvfk^:k?o^:>? T IXu c B
e >@SI[B
?J
> c I[^:?Bg^CACkEdEdA Nvt; ?Zj A c EdT E ec B{YACBiAA c DoD ]T ?FAHI[>@DZ?_wc ? N
c LgA I8` J ^Bu AHIwD~
kIS ^:c B Y ?tc T B
j > >@Tc IVEdEBOkc >B^:c ?Y/^Bgj AAHc EdEUEh Edc NcB?@Yt> j S Afc ÊdEUSDD A Ac ,
DFNOSAJ
D :?T Aj
AHQB>@?^ c 6b N
n:A > `XTQ TAH;">I/S c D> > T c AHDc kEd^:E#A BY I;c ~h:D ?ZI c A `=T >@c eI[B(I[ACB
^:Bi> ?T A ~
J
6 n:I[?Q >F.^3? ] T S It? c keN A8TNfc e]gI[D@?IVkE^k ?F` e^:B> I/T It> T ]i^ I[SBgDAHACBgBg_JIt]_?F^ I[b DZ_wD/? c ACLgBiI8JJkA^?XL S> T EUEI
eTc Se?DFJ
I[I[E}?@k IV`[?Xb ^CIKAHk\? A c B; Y ?T{A cT D eT ACA Bgc ? Atc BtJ S L? ?c A Bc YJ
D > ` T D@?@>ZI[A8I1N N:c BIKYAC?FkD AC` ?o_wA ^b B
A8>@?FN^kEd?@E ^:c B{e Y
>; T ?ZIA T h ec EdEsACACBiY:A I ` bXACTBg^ J T J ACb DyI[EdD@E Esc ABc YB(ACA/>1h> T c ?@I> S ?@^^
S ^Dy>1^Ck#A cADFNO>@A ?FI[` ID Q T AH68EUxEX9 ]iQ I[)?~
k^^:B{?@I eTOS> T BgI1J
?@DZI8ACJe_I#^ b]iI[DBgAHAHBgBgJy_I^B{J IS ? u c L BS YyEdEs^v[BQ I16Kx{N6I8ACQ ? % ` I ^? bXT T I1^ eT AHA8DNyD@Y EsA c hc B I
e>@A ^^:,
AB
S > J
T; ?D ?A À ` ^:T ?D eT T AHACIXEdBgEXeA{]gQ A8I[N?6KkxAHÊdn?FD@eQ ^1Y % > c T hA8ACI=h >c >@BIVbXY/B T j bX^:c EUTEdIEdcIK>@J]gI#IV_wA/Bg^ ACb_[BgAHD_w> IAC` BgAHJ JfB S ^? c cB{_ B{TIXYBL I DS S c Ed ~ E
e_?F^^:btB ` `gAT ItLED S T IXAHEd[EaA8]iN I[` ?Ak^:kl?@?@e^Y >` T AIJ|]iÎ[Y Bg` AHAHBgB _Ifc Y k^S ?ACBg> TA If` AHe BS ^ ?ZbJ
IVE ?X` ^^C?tkAA
b>,
T S ACI J|Edj1?ZT A^N
Be68I xBT
x S A:Q BgJ. J
J
??F?@IKIVT JyD@ID@I8NeJ3^:YOA8>FACN^BiJ
AC> ? DT c ` IB^:j?\+ e LiACACc>@Ed> IVjT ?@IDKJ Q Sc By? 6Kc A#xBgYt? Qc h> T I[0 ??@Î[` ?fI^?oj J{c e A8EdE NOcS BD >F`Y>@^:I[A ??
D@AyBiI ACS jB I S ` _ A T ; Ay?AEd^
T AeJAC^HBgkAfD@D>@T?A ACb EdEoAHY Bgc hJItAyAeDF]gAHAD J|T IAf^H^CkkL{EdIKEGAA:J_Fj 6Kc ?@x:^:7 B Q ` 0 k^^??
^CAyAkoLi_wD@?ZÔI[ACDACB{AC?1I e AyuS A]geR^:_[~>#AHY:E^H?Zk[k"A vXc _wB{> EGT DAH?@` ? I[kc}^:I?IKN:JMAyIKACL ]i?FS ACD1>@?@>F^?FI[Ês?J*>X` Q Ak^68_[?#x ACAyE}koQ ]g> W bAHk ?@^yT >F?I Nc IKJ
T AHYAC?@IyD1DXAj^:cEGJ
EUJ Ed?FIK` ^JkBgÂA ?
^j% ?=c AHEUE Aec B;"DYA T À AHA DZT A ; ^:`:AC?@T DFEsIXAHI jàD A TT ` ACItA EdED T T Y I[AHc ?@h:Ed^:E\IB Y A1` c hAX_I^ ]ib ARIKA:>FYO_ÂC^?FA _@ej ; ` I[?ZA=B
A >eT ` e^k^:BAH? j:BgI[uANj Q `c Ed68A=E xc kB{{AHYOQEGvX_w0 ÂC^B B ? `
I[AyEdI[J
] ?ZTA SACB
Y >T `H>~ ^8h IX` L{kÊGA:?=_Fj jtc EUL E cS BEdYtEdD Àkl^J
?^:Bu j jcI[EdN E c ` Bu Y
Ava_[AAHYEk[^
vAC^:> `BÎ1?NA1IKAHD ?XT I[Î[Es]J*`
A^X6K?Fx e ^ S Qc EGD ;"_ ` T S A ~@>_T^ k^:btI c?ak` I[j k?^c EU`? E ckluB^j YX?1c Ed_[Ej cACcB{?FEdEYOB c vBc hbXY^:c ?@AEs^ J1S_[LiACD IKebXAHI[D@c Es>@E J1`D"^Lg> TBI8IyAHAC>D@j
>FAHD? ?@c`:DI=T T BIBi^DAC>T EsAAC_[QAHEdE
?@YB6Kxcc hh:I ~ Q
YLg0 cAH^h:Y?I ` j`*Afc c EdB/E Lgc B^^Y1bt?J
A` I[J Ay?tS Y:>FEU>F^ÔI[AC?@] > ^ S` S ?^D c ?XkbN Ay^TDecT eI[IVBI[D@]aIV^HEQ kk` 6> ?@T IV9IXD@Q]ikl^ )IKS_>?> c bXh:_VI[ACc _EdD@N3I>F~I[LiAD `
Êd?@T IKBIXAH> eeT IVSAC?@BD@B > `
bXD@IVT ?@]i^ I[B
c D >S ACBgBgACJML{>EUIT It>@^^:> ACT >FIV^? BIu _?@L
I8NAC> Y S c ?@kI[>FDtDtek^:?I[B
> > T c ÎB{D@IKEsJA v S ` Y D T T >@AHI[Ed?E\]i^HkI[?A ~
k?@^:IVe?@e^ChkÎ ?=TIKc DXA:_ Y T S^Cc EUka>8Q> T 6 I[ e 6 Q ` At;S>X? c kj
^:j ?#T J
?ZI[A D@>Fu ?@]i^CI[N Bgc AHBBgY_^:IKvBI1c B> T ^^ ?ZJ|S I[DZAH?XBg>@J^
u DFeAHEUEsvoACB u c ec ACEdDa> T AC`g> T T A8h:T IXLg^:BI[D ` ^:?A bXT T ÊdI_VAC?@>~Ed^
Au Jy^Ck
LiDZ_w^? Bc LgI[EdI8I[JDFvD kÂC?=B > eT IfACeEdDZv S ?ZJ
IIV?D ^Hk"AHEUA E",|]gS I[?J
k?ZÂ{?FQe6
> nIQ ;"]iSI[Bg>XAHkBg^:?X_I j c Ed]E c ?@BIwY ~
u DFec} AHEUEsv=ACB ; c eACT EdD bXT{c _ T/c T T A8hcItLiS ^BIVD ìT IyD T ^ S u EsJYc c hI1DF^`VeT I
>@Li? IK_ÎXe>@^tI[D=A ] S ?Z?@AI1L
eNAHAfBgAD S ]k ]{?@II[DFD B8c BY ?@IVTDc D=LgL^:B?@IKI[AHEdI[> TDFD u ]{AC?ZB ACBieA8AHNOEdACDZev AvVI Q
6 x Q 0 ^?1_ S >F> c BYkl? Sc >~>@?FI[I[D ` D T ? S LD ` _?@IVI[]gIV?@D ` E c ACBiACD ` ^:?
7
6 :^ gb Q I[?u c0 B^:Y?]J|EsI[AHD@BO>F?@>F^CD N` c^BB{YOI vT

AHSB
BgNJ|j ?@c IKBgJ Jf ^Ckac j_AC?@DXIKAHe > S S ?FD@I >X` LiLI?FIKe J S c Bf>F>@kI[^
?F^|IKJ*J Q`
c>@B^/_I8^:ACBg>J _c EseAC? I[c}B
>FIKD J`cL BS >@k>F? I[S?Kc Q> ` 6 ^: ? 7 cQ B W kt^ A/b eI[?@DAC`B> J
T I[I/DF>@Iw?@|^C] N
c DyAH> kc^:^?B B{c ^ D
YD@]i^
^^B
Jy>ZAH] BS I[?F^]gS ^:D@D@EdI#N]{DFEG]AH?B
c >@BDY ]S ?F^] J c S B_IK> JT I1L
kN^:?@_ I[S DFEd> > `{c hT ACIt> c D ^T B AC` Ed^:Ea?AC>FD >@S I[_ BgT JAHA D
_^ b JS:? c :BY:^B{:IJ{A8:N C`D:S L D c DF> c BY^Be c EdjAHEd^BIQ
>ec ÎKBiAH6 ACBOEdD*{EdNt^CQ kiL
> N $XT I[cT B8DFIIXS ]gY ? ScIVBBgc EdY AC> Bgu c_w_wBiI[?@_IKDKSAH >@?@T IK?FI8IKJACJ ? LiuIc B
Bc B>@^ IVY:btBODZ`H>vXcT ^_[^ AHBgb BAHvaEUEdLiN(AHI1EUE ^?@u I[? D ec B{S ^CDZB hvoc IKB
_Jy>@Î[eRL
B
N ~~
eLgIyc >@I>FIK]Jc ACL
>FNIKJ]ivVACQ ?@>6 ACOj {c Q BY% I ^CkfbXkT ^^/?FL J
c J? c J
BI[j
B(D klS ÔB ^c JB
>@I[u ^:B
?/> c ^:J
Bg? ACc BEdEdj N ` u _[> AHT B I
D@c B] Y c ? cc >B S c >^ c S ACD>FIKEJ c u S AH^YO? A ` c Bi_[v[AH EdEUu I8I[Jh:vtI[B=kAC^? ?XS B J
c? ` c BLgj IKc _wB^Y ec >IVv Dc ]B
S>@I[?@B
I> cL
^:NBgACLiEdIEdN ~
u
>bXTATAHc ]g> _ I[T/c BiDTACABgACD_DFI8D@I[v>F>@Ô>FJ
EUÎ8IVJ J(D@>@c ? ?BS S _EdAI> c Q h:h:I[ID@6 DFO>@I[^({E Q S E c DFk% IKI/JI e kbX^S T ?DF^ >jI[TBIV^:AC] D>c BJ
LiY ? I S u >Bc Tej Iy]gb D@^:] ACD@cIK>@? IVJc ?~
>D ST ÂHEdS ED#J|E ? c c BS j/^? J ` S _[? ACc B{EdEdYIKJ v h,
I S u ?ZJA A8` N
^Dt?AC^Bg> J{T v#I[? B cc BOY >FT ^8>@ D c _Vu BAC>^c > BTYc BJ|Y? c L BS j
>D v `
e6
c Edj Q c % B I bXbXTTc _ ^ T T > TACDXI >@, ^ ACS B{_ j T T IKACJ] DFS ] D cT ? ]c > c S u ^ ]S EsDACB
E >Zc v S T ^:AH? Do`:LgT I[ACIVDBY Lgc h^ I[c BEdIKJc > Q
AJ
b? S A8BN j ` ^b ?AC?@>FIKI[_w?I c EdhIIKkJ>yLOc > N(c BA A,
_VS _J
^??AJÀCBgD T_wI AHEUbXE#c J|> ?T c B> jT IyJ ?S S ? Edc IB` Y^:>? T T ?@I[AHI D
J;A8S N
> D bXb T ACIV>@BIV? A c ; B ?ZAbXT Tec _ AHT BgA SbXDZT A^ ~Y:T ?ZACACDDFD ]gAHT ?@AC>DfACjLgIVI[BIVB^Ck Li, ^ ^c EdeIKJ*AQ~ S68c 7_9 I Q`
TLgACI8_Dy^D@eeI[I[DEd>] S > T?@I1IL
^NJ
^> T S ? ?c _IwI1 DT S AC]EdIK]{J?@I[L
DFD N3c BAY TJ
?c D=c BLj:?@I[IK?AH> ^CTk c ,
B S b?ZA AC`>FI[T ? I `
u
>ÂCbXBg?J Jc _S I?@IK~I"AHLg>^^:c ? ?@BBSY(? c_[_BACEsIACDF>@?` I[c}^: D ?\I8AHJ3bXBOT N
L ^ >S T>@T c>FBA8I[?KYXh:Q I > T S 6KAHB 7{> c 6 TB
Q AH>@I[DoB
>@2 > ^ c ^:S IVBgB-_ T ACIKEd^HEdJ kwN3vy,|D S> b T ?ZAHAIEd` EU>ê T b S?@IKI[D@JI >
Lg_?@I I8Jtc B Y c > c ?c ACJ
>@EdI8I J` u AH_[YOAC?FA ?@c NBc Q BYO6Kvo7 nAXQ DF>Z$XAT Iy` Y:>@^^ B{c BD YS ?F>@I ^#` Liu I[b Y IK` AHAH? Bgc BJ1YO>v=T > IT h:Iy^ DZb A8D~
u cc Bg_ c S eLgI[B
>bX^c BAD@> S J
I[B
>v ` AC?@6KI=7:^x e c ;">@>@S I8J#T ^:BbX> T T I=D@IKT _^:BgJ c B c ~
>> T ACI> k^^
B^|JM^CkX^C>ke_I[IB ~Lg`^:bX?@T B êD@IfI[kBa^
Q ^Je QS D@>XB> ^:>#I LiII8AC^ >@IVB AC` D1ÎK?AH>@> I[T B I
EdJ
IK? A8c hBcjB{YLgDXAC^C?FEUk IVbN û e~YI[? B/S I[ACEsBgvJ J ,|S S? c J
B?ZY(AHD DF` I[^h?I[B k^?Fu LJcA8JN
J
D/I[B ACBg JI[vMD TB ` c YD TT AH>@D8EdEQ
6>KS 7 ?FgBQ IK) Jv"> D@bX^ c S _?I`~Lg^:^:??@AHBD@>Fe? c AHBB YIVbXBOT>X^ J
IKT _wAH^|D_wJ
> c ? ^S BBD j ` Lgu gI8_S^c J
eD=I[>D T ` AH> >T ^ T S A8Y h:T I
u] > S T ?FI[I D@IS B
D S > cL{EoD@>>ZTAHBgI[N _I[TDXA8eh:IA8NLiv*I[BI[B3^:> J u cLgY:II[D@D@>F]iIKIKJ*_ Q c AC6KEdEd7N7 vQ k^) ?FL > c bXJJ
c _I[IB ~Li`:^c e?@B ~
e] c YAHB` `C^CbXk#TA^ J|T ÂCBDXj:I[D bN ` AC^CEdEdk^ b AIK_[JyAC>eT I[I E S` ?^Cc kBI1At^:V?A_F^:j?ZACJ E S ` ?F^CI#k#^HAkAfeh ^:c BEdEsjACI[Y:N I `
^bX?tT ^^HkT A/ACDf_?FIK^ ACbt>FI[` BD T J
AH? EUc E=IKJ ]iI[e?kIK^:AH?@>e` e AS E DS T Bg?FAHÔ?t^:e]iI[DXBgY:AC?@Bi^ _bXIQc BY687 ^B Q > % T II
YD S ?F^_ TS BgAHJ D ` T Â:? Ju LgeI[IKIVACB> j:` I[> ]T >IXc BiBACA=> S DF?@EsI#A S ^HY kwT v >FbXI[?T{~ cT _ ^ TS c D@D I S` DB{T jOAHB{EUÊ:b]gIVB ?` k^:u ^?@e?v
>^CT k Iu > DT ACI1eeII8]gACI[>Bi^HACkwBgv=__[I:ACQ ?FB 6Kc 7h^Q?F^ $XS DXT IACB AHc e>@^:ACBEdI[D e` ^CIVkaBO]>c kY^D ?t` ^C]ik\AC_[?@>AHACej I[c BEdD Y `
^C$ kAC]_^>A_Fj
D ` ? ^Hc j
kj _T ?@?^ A b D u ]i` I[^CBgkAHJ
Bg^:_BIKjvVIVQ NOD68`7 {ACBgQ JW k^HkAT
> S bXec _AHIwB~Li ÎV?FDB3Tae`*c AHD1B A `
bXIKACT >F^DtklT ÔAC^D#J B{` ^Y >1c h:?@I[I[B3> S AC?@B{>IKAJ eu T ^:^:B
e> T I1EdN kl?@û ,e ?ATJc J D1T >@A IKÀ:v _ T T I[I?Kp D D T TACEd^ E"S kDFACIKDFv > `
u
@>^J IV?=S ?K? eQ c B6KI8Y7 AC> > `Q T D ;?@T IVS ACIM>EdEgJ{A1]iA8I[DFNO>?DSk^J|AC?FI[BieB
J> AH]gbXBAHT D@^^tD?ZJ ^^c BB{BiIACAH?@B
JNNA8N ^?_[c _[j
DFAH>Zj D ACTc Bi^?JBA c BIKu ]gACYO>FI[v D Bic ACT B Bg^_bBI8I[A8v N ~ `
AC% BiI J/bXA8T k^t>FI[IK? bAC>FACD ?bXJ
DT AC_w^> ec Do]{EdEUIIVk>@>I L
TNc D#Ah:_VÂCb> ` L
u ^CNkAfD@> _S ?@J
^ btI[B
` >@L
D TNc ]gAv[eQ ^ 6 S D@9 I Q
bX_u ^:^T?t_c > _ ?Zc T ^:AHB/>ZAv `^CT k[L
vXA Nc >?tAT ^:I J
?;^:AHY ?ZB A` T ^c Be?1D@AHL
IK_wDNS> hACT AHB AH?@D1jc _AHkT EGAHA BEUEdI uI[S ]{B eEG` AH^DB
TB >Zv[AH` Q Ed^:E?6 J
?u 6 klc BÔQ ^j % JIu v A/bXc B
J
T >@Iw^^ ~
eJ
SI[S D c cDF_F?@>XjOI[EdDhN^>@AHe ^>@^c >LgB{ISI#]kl] ^SD ? S ?FcI_ >T` L
e ACN D S u DFT h>IAC? BT c ^ÂHS>D#DIKIKvACAHe>R>@I[IKBkAC^B?FS L D=B c ^CcJB
koJ
>@]I[IVBBOS >? ckc^^
Bg^|_[ACAHJ >EU` Edc N^:AC`BaBg^:Q J ?
6 ::$X:T ::c S :CS
c> BT YIkEG:^:A n?@b L Q c J^HkJ|I[I> BT h^kAC^
DF?I^^J ]gIVTD#BgA8? AChBgIEd_wI[I[LiDtD I[?@I[IVbXB(D@]iT{> cIKT
_ _TS > cDB?@YI[J
eI8]i_^CEsI[AChBg?@I ACI8BiJ*> _T I[ITDfIKYkAC^S??c EdB{>IKAC^ ^C>b ~k
>>ZTAH?Ic kEd>KNQ DF6>@^ Edx I[Q B $Xu hT ACIE S _ AHT{Lc IwEdIKk#v=^C]kX?F> ^T ]iII[?@> >bXN c` _YI~?ZLiA c^B ?@`B ^:ò?#T _A8^
h ^c B{jYI8Jh^:k^
E S^B
J ~ `
kc B?F^Ye#>? Tc jOI j TT ^?AS D@u I1]i^CI[kBgAHABg_[_ACI[DFD>@v#I~lJ kS I[?EdEdc ^ BbtY`
A c DXbX] T S ^? EdcI1 IKNJIKAHLO?KNQ 6]iHI[g?kQ ^$X?FeT I ~
ED@S >FIKBgACAHE ?c B]iYyI[BgeAHI[BgB_I ACBgT J AHDb LiÎ[eI[B/I[B J
` I8AC_BgEsACJ ?@I8u Jkl^>@? ^yb Lg?@I1^:B> TYCkI#S IEdEUN] cACAH]{> ]c ^?@BR^:]k? ^c ?~
AC6 > c 7 BQ YOvo% A I bXI[T EsJ ^ ` T A ACT D^ D@S >FDFÎ EdI[` B/^?^:> LT I IK_b >FDAH>@^HI[k?"D@^Cek bAHEdI[E*EdEdhDACACE S BgIJyk_ ?@c^:D@e>FI[?@> B{T DKI Q
TAC?F^ > S c _D@IyEdIKv ^C` k]iAHI[B?^k^:> T ?@e!I[?teA AC, B AHèD >ZT ACAH]iEdEAC` BgAAk>@#I[?? c ?@jOI[j DFT >@^:?A? c Bkl^Y/? > TTIc Du ] D@>FS ^? Edc}I[ B ~
_[u ]iAH>ACc B^jBaAHQ YOA86 h
NO{A:Q v u $c Dt^> TD b IAHAHEUEd>@^ ^:b BI[v=e> T IVIBO> khÎy?t]DF?@>@ÎKJAHES c B{_w>@Y/DtIK^HACk>>ACT LIEdI[_Dy^ ^Cb k
hÂC?f? kc ?^ SS c Dy>KQ j c Bi6 J
{D Q` A 0 AHhD@I > Tc Bc _YEdI J ` S A ? c BLiYIKJ > ` T A?@IVID@IKAHu J> `=A8N
D^ b ACBgI[?FJ{D vy` B ?F^
c Y ^T >@>@D D `
DJ
T ?FNACEdEXklÔLgÎ J ` u >eT Î/EsAC]iDFI[D@BgI[DAH`Bg__EdI^:> klT Î[?yD D@` >@EdI8IKACAHE > c T BI[YO? vf` YAC?BgACJD@D e`=IKb AC^
>8^Q J 6 ` :>F?@Q I[IV$ D ^ `
D]iS I[LBgD ACc BiD@>t_I J S k^? c?BYD@>FIK> bACE I[c EdBhYOIvJY:A8I[N
eDD ^` B ]gu I8S ACBi?@_EdD ^
` ^j_I8^:J?ZAHvE `Y?Z_A ^:c ]BD]gIVu ? c D#` > D T c E}I ~
hD c IVEd?j `=`
cb ?@^^
B^:E` ` LAC?ZBAHD@ACD B ` c e^:?ACE D@>@bX^:c B> IT Q _Ed6^C:hI[BQ T u 0^
^:^Hk?D `DF>@^:IK?AH^:E c BBI Y
vbX_c > ^T>F>@S ^:B
B ~ `
_u >Ed^CT hItIV]iB I[T BgÔAH^HBgk_D I ` A=c DXL >@c ?^J D ` S ]gLI[D?ck DFS >ZevI[J D S ` ? ec BI8YJ >c _T c ?@BgIVACIE TJIVA8?@N
LD D u` ^:^Bg?ov=A=e ?@^c Ed]ij*I Q
ec6 B YA89 N1Q b ?FÎ[; eeN(I[^CBh:eIbXIK> AHTT BÎDY ^ ^HSS ktc Y Ed>aT > T>^HI[kBDF> I^T >1I]gk>@IV>8^Bg
LgLACBgSI_w>ACI[> ]{D T ` ]IX?@A ^
Y AS{> _bXc EdT >oc IK_^CJ Ika~LiuACAH^]{YO?@]ACB?@e^
eAN
_ AAHT v B ~ `
TbXIT ^ eT A8ACN/D IT A] JRc AHD@>@II S L
AHN E cu B
> T>FI[I?Z_k^^:SEUEd?@^ DFbXI c bXBY
c > vXT ]iD I[c BgD@>FACI[Bi?@_DI[L
DKQN> 6 T I#6 DQ ACe% II
ee^:AH>?@T? c IVI8? Jy`:bXec A > cT J
IV> TBID ` bXACBgc h:J I[D=bX^Cc k\> T AkkI[? ec I[BgACEdJ I[`D^^H?=k\^C> kT IAfEdD@^ ^:b B I[`
D@bX>Xc _[> AHTD@>@S IVB
D ~ `
DA#T P ACEdS E? ]iS I[p ?Dkl^Lg?@IKeJQ > 6T I"n]gQ I[% BiIACBgbX_TI `^ ]T ?FAHI[DDZ_wAC? ]c Lg]I8?FJfÔA:k_^T ?IK> J1T I=> T h Ic ^:JEsA ACS> c Y ^:T B#>FI[^C?k
^Cu > k T TIc D1JA kAHS >Y T T IV>F?KI[p ?ZDtvD ^Cc DFk >@TI[?c D#` eu bX^T > ^T I[c ?KDtp DXACDEdec DF>@Î[D@? >` IK^: ?#S ^HACk E=T{>@c^
DXv1eA^D > c T D@>FI[I[?K? p D `
keS EdAHEBL{D ?@T^^> T S I[EGJR? ` BD T^>=AHEU>ZEiAH]ijI[I1?kAC^:D ?@eTc D AbXE Sc kBgIACAH?BO]iNyI[^CBgkoAHBg> T _IVID@Q I16 > T x ?FQ I[I){>bXT c I[D@N I
e> c h:S I[DFD >ìB{T Î >tbXLiT I ^b eI8JACJ
?F? IKc JI[D Lgu IK^:_VBA ItS DF^HIk> > T T IVI[eNv AC` ?FDI c Bu j
, D1AH] Ed^c Bgb JQ A8~@6 v1Ci?FI[Q EsA8) ~
e?ZAHAHEB _w? bXc eT I^ bXT cAC> D#T _A^:ekIVee cAC>FEd>@I IK` J^? AyT LiAHI[D D@> T c ACAE\J _wc ?B
c >@eI[?I _` ^ ^:S ?#?FD@ACI B c B S Bb BgAHAC>@> I[S ? ~ `
^]g?ACBibXA#c > T ? cAyj

jeT I[?ZBA{D@Q >F? 6 S AH7 > Q c B) Y > bbX^c _eIw~ACLiB ^` ?FDBT eAHEdE*ACB ]gI[bX?kT ^^t?Fe_^:eA e , ACc e>FD>AHA8B ~
kS> I[c BeeBgI ACAHÈd> I SD T ?c BACACEiEdAEo^CLg*_[AHACI[?@>Bg>#T _I IJ
` ?bXAJ
bc?F> I[TBD@DFALOIKNJ e^8c ACBEdII[T{B` c ^`
D1? c B_T EdÂHb > D AHT c>@I[B
I[DK>@? Q IV` ?Z^6 _?:^ S c BQ ?@DF)> I T bXIt; c J?> ATA8TN:A ~~
e1ACAHBgBgJA AHbXEsA1T ^^ ?XS ^HB k c B
u AH>@B
I[B
N> ^c ^:> BgT ACI[?ZEdEdv=Nh:ACI[]{?@N]?@EU^
^ Ab _ T _[I[AHDD@>FAI ìb bX^T eÂCI8B/AC>@^HD k#u >> TT II
kLg^
I8^_Jê^CkoI[D#D S AC_ BT ^ ]iS I[>Z?@_[DFAH^D@B>KD{vL AHS Bg> Ju c A:k _[T _II[]{J
>@^
D I[uD ]c ?F>ZI[v D@IVc B
BO>F>FI[DB
k> ?@c ^:êBgAH>EdEUT N IV`CeT I v
LgEdI[I8> _^T eI[? I[D#T
S > DFT LgI ACc ?1BgJIK _wS ÂCB EQ B{6 I{>@Q^) ^:BB/IIgAC]g_I[AHI8?@J>Fec BI[YB
EdN> ` _AC^:Bg?@?J S ]_^> ebX]gc kIVI E
Tc BI[?o_[>@AH^1D@I[]iDyI[^C?klk#^?@AeJ S > EdT>@I[IX?FNO]iQ I[Bg6 AC:Bi_Q I bXW k T` c Lg_ ITc Bc DaY]{D@?@Î[EDc __ ? c c>@LiI8IKJ JyLOkN ^:?aAeeACEdAHI[B D
>>u ^HTT kwIVIvBeIKAIKAHS BAC? D=E c j
^Cu j_[kaAHT ] D@?ZS>@AI8? vc ACk` NBgD cJTB{IY AT uE ASI[k?8Bg>@Q AHIV??#6 b :]iACI[?ZQ BgJ|$XACDZBivT _I1c IDD AHc AHB ?@YOIyAbXc]T{B ?@c IV_ S DZT B
_? kAtcA Lic> >IKbXT Jc k _S AHIE D~ `
LgT I^:?@?@ByI[ee^CAHhBI[_wD êc B(e > Tc >@?@DiI[LOI NyNJIKACAHEd?@EdD N ` c B{L
YXN3^BD S I=LB D cc YD@>T c > BbXYc ^> TB-AAHEde? c DD T AHACBgE cJ `
JA c EdNye:S :>@>FI[:? c B:Y u D:AC_?F:IKJ >@Iw|>FDZvVQ
u ^HT kwv6 k ^ 9 S Q ? u$Xj T c BgIMJ|AHDZvo>@^:I[Bh:TI[I[eB `
IVTBObX>AHDT u Li>FÎ[TI[LiBI/> T
]iS cI[DX?klJ
ÎK?@e_EsAHSIK?@JIKvfJ*L
bXN3T cIKD AHT c ?BB{BSI[^ ?@b D
>_[ACIDF>@D8]iQ I[Bg6 AH Bg6 _Q I[Dy% Ikl^bX?tT > ^ÂCDFDFI D@^_ c AC^ >FI[D A8h:bXI c > T B
>FACI[B/?Z_^^ S >Z?@_[DFAHI D@> `*>Tc e^ DFI[>E}~ k
LgTcI8e _^` e>FIKI[DA_ ACTBc B^Y S T>Z_Vc eACD@>` ^:A8?kl>@I[k^:??@AMe Nc B{IKYAH? A` Be^:>tAC>@L
? cNeD^CAB _c ? ACcE=_ ACc EdBE cYAHBgk^:_I?
bXL
N/c > T(IKAC>Tc c Be Y ` bXL c S > T>L
TNc eS Q D c 6BY3n{Q> T % I/I DZAHbXeT I/^ _[ACAHD@?@DF?^c _ AHc YACI>@IV^D ?bXD@c IK> AHT > ÀCB
^:N ?
kû ^D Bc? IyB{Bu ^CD I[kXS ?Z_vV> T QT v ^D@6 c IB
x>@^ I[Q S ?_>Z$X^_VACS T D@?@I >FD@D I , ` ` AHe > ] T cS IBgDFJ>#]iAC]iI[DBgI[?ACACklBiBi^J_?@Ie , ]`*AC?@ceI[BDAH_^:B? ?Zc ^LiJ
JIVIKAC?Jj>FAHk^M^D1?fAH^C>@k> ^:T AHBAHB I>
^T SI >b _[ACI[DF?@>IyeJ
IKS AD@J{>fv `^C*^ SI[? >FD cu J
AI E c u Li> TAC>Iyc ^:h Bc EUEs^CAHkwYv IKv b ` AC^>@B/IV? ACB u >@c^ BgA TS c e D@] ` c _ ACc ^D S c Dk
^DJT A8AHN _ Ed`
Ec AHc BS > c]>BDFT Y/I[If> ]I[bX? hc cI[I[> BD@T>Fc DB{T` YI[AC?yACBgBiklJÔJ ^:>@c >I8BAA>_ TT ]iItI[^?F]>DKQ?@ IVD@Ed6EdI[IKCBgJ g_wQIbX^Cc ) > k\T3> kT I[b IteAC?F>FACI[I[EdEs?IAC` > DFcAHEGh:A8D I[h:D c I k `
c, > ACbeI[AC?FBIt^klJÂH?jAACDiJ
D IKT A:AHJEdEO]gLiIVI ?@D@c ^:eBa] S u ?@TIc Dk^, ?AHA1] Jc BgA8JNtACACDBiv#JAHD Ab B cI[Y EdE\T >KAC D6 > T 7 I Q
T>Z;AHc S eBg>\_` I> T>F` Î[AHBgBgD _wcJ>Ik>FbX^^ ? c b >T T/^:AH?ZEsTJ J c e bXc >c ` >D >FTT ÂHTEdY Ec ec LghI=I D klST^_c ?@eTL c c J{B
AJ
>@DI[I[T ?By_AC^ >@?F^tSI?@_^HD@ÎykB
> ACh:T D I[I ?@c DFD c I B S TbXD I[S c ?> ACcT ~E
A^CCk1e]^?Bc Y/ee^:YI[I[BaB c > S6 :?@IQ D T ) ACEdBgEJ LgI u c k bXT c > I/TT LiI[I/EsJ> T AHIBgJI[EsJ
> I[T D@I>v A:JTJc Dc > c? ^c Y BiT AC> E
DLT ?@^:AH?@> IT ÌV? J ` S IIg_>FI[ÊdE c > BT Y Ic BI[EsJ
h IVc ?@D@> >S IDF^` BaD T ACACEdEiBg^J LT>A c Dc ByD@>>@TI8AIJ(D T A AH?@NI1^ ^CS k*B>YT IVI ?
I[> TEsJ
IVI[NtDF>KD TQ AH6 EdELg{AHQ > T ;"I S bX> c bX> TyT I[TB c e T cI BT A ACTDy^:]gEUNIV?]gk^:^
?@^:eE|AHI8BgJ JfT> c T Dt?F]g^ bIVBgJ
AC^Bgb _wI B `
A>T BAHI>b ]i^]i> ^c > B
`*>@^ Edb EdIKACJ >FI[bX? `c > I[TB
>Fb I[?AC>@TIVc ?KD Q T 6^ :S DFIQ AH;"BgS J> ]iT I[I?kD^T ?FeACEdE` AH> T D?@Li^ Ib ~
kT^c ?FezI ` k^:ACEUEdEdE^ >b T I/> T J ItS DZ> AHc IVeD I#c Bg? S_ S EdI ec LgBI[>B
T >tIt^:_[B3ACDFA/It?F^CI[koEsACkI[> ec h:IACEdQ IX6^ S {>Z_[Q AHD@' >@I[D8>
L> T S IV>XN3_EdD ^T > ACT EdI[EXD E` c klh:ÔI^J_Ed` ^:ACD@IBiJ>@^ J
? > c TBIjD u TkAHACe EdEic LgEdNI~@v Y c T hÎ[BS D@>@I^tQ > T 6 I[ e9 Q ` AH' BgI[J >
Tc eB^>f>@?ZAHBDZA:_>ACB
N/L S D c BI[D@D bXc > T S B] S ? c} IKJ D c B{BI[?@D8

D@T>Fc ?eS _FL

j Nu > A T IX; B?IKA _FT j ebXACc Bg> A:T vtA1IV_hEdI[^B > TbX` ^:c > ?T _wÂBgLSEsAI[J|?FIKIJ ^HT{ktc e Y?ZAHc BD@D AH` B> c ACIKE}J ~
>@T I[I ?_[bXACT> c ^ ^ìB c ` B
D >FT I[BgAHEUJ Eac BAH]Y]i>@IK^ ACDFT
I S ?FT>tc eA L
; N?ZA AfT e]?@AC^:BiD@>FA ?ZÀCT > cAC^D#Ba> Q=T n ?@9I8AC{>@Q IV;"BIKS J >
u
A^TBTOc Ie S Bg> bXT J
^ c?@> SI8T JDZAHANBgD@IKJ(> AHc _F?@NjtDKI8 ACACT ?@BgD8I JQbX> T n T I9 ^ E c Qu jAI8_wv*) > DS DT AHACeEUEdEdNEAHv?FBOI[ND@e>F? ]iA S cAC_FB ?@j > c cB T_EdcT I[e IVDEUÈ
^HJJ kfSS J ?? ccS B{B{D@YY >
e?@ACI[DeAH> BOTA NItc B > L{T c EUB^ ^
S ^T DZJI[AHEdBg^HEQ1Jk"nA N9 IK; AH?Q ?@AD10 T DêT ?AHAC> EdBgTEAy?F> IKT _[ACIyA >FSI[D BD@T I[c IKBDfJY/>@J
Î[A ?y_w; Ô^C?ZACk=A Y >T S T eEsAHAC>AH>FIBgu ` ALkÈd^:^
u ?#^|> T J{DFÎ v
^C) *> I[c j
Bg? J
c j
IV?Zj vT D?ZTA AH` EdklE\^?1]iI[D ?T kI8^J?FeJ c BAY T?c D1c j
Lj EdT Ô?Â J/` kA^:?#DF? >@c ?j
c jj Tc B?ZYAT{AHBgc eJAHAHBB
)B^t> c ACj
>F? ^c j
Bj I[Te?ZI[A{B
Qa> n T 68AC9 DQ Li0 I[Î[?B> T ]{I=?@I[ID_] ? cc LiAC>IKc J ^:` BtEdI[^C> ki^CT*c e I[Bg _I[D"Ak^:]g? I[bXBiACTBgc __T I
u
u
>A8S k>F?FI[I1?t^C_:k^> B{:T D I8c J
v=:I[^C?*c :B{I[YBg_:I>CQ T Iy:^C *I[BgJ|I[?Kp DZvD@>@?FI[BY:> T ACBiJ/> T I BgA8~
u
L
eNAH>Bn T 6eI16 QYA8^NW*J
bX?FD I[c ` eEdE > T^CBI1h:^ I Db ACTvYc D#IVJ
D I[D ` Dc B_AC? BiD8c Q#LiJIn > 6T>Fn^XIQ Ne^) SACB> > bXIVT D c^`_DFIw> I~T Lie?@^^ IK?FS AHBY BTeD ` bXACABT{J
c^:bX_ ]T T >@I8Â J
]gAC>IVc?` k^:D ?@T eACEdD EuIK> AHT >IJ #S ?? cc B{jOY/j T > ?T A?FI[]gI/I[BiJACA8BgN
_D I8cv B` ?F> I[T hII8ACeEdIK^:J?@B L
c NBY u?ZÂCB{Y
EUACN]
v ~ `
cDJ BT S Y1AH? Edc > E1B{T Y kI ACu DFu > k>/T^:I1EUJ Ed^ SBbX?Ic c BB>YY
vXv*> AC>T BT ?@^:?@I[>I[ItTI1JI[J?A8A8N
N
]gD D I[c ? Bu c k^|^
> JT^|JyI1^CI[Ykhc h>I[TI[B Bg?Fc B{I[v IY S BguJ{ÂCA8B{DFNOjEUD8NIKQvJ ` ` Jn AHS6KBgx?J ~ Q
u
ekAC,
DFcS Ed> jLc BD` cY_D@Es>AHJ c ? BS c}Y? cIKB{^J1Y3BgL vS^> B{>@T >FI II[? u S` J?ACA8c BgBN(J1IyACA^CBgk#J
J{IK_vy_^ ^Bb _c D>Y `c T ^:_> B^ ` b ^Hu kg>J T S ACBS > Y DZA8`c DZ~e Yv?c _VACEUACjDFDEd` Ed` IKD@AHJ(^ BgS JA ?
kc, BÂC?FYee> >TDaAC?@AH]gIVB AHItBg) ]gA1>IVc? j
c ^?? cc J
j
j
DXjj TT^Ck?Z?ZAA > Q=T u ]g?@n I[IV6 IBggACJ{Q BgA8) _wNOIKD >v bXc` Bec _> IwS T ~DFLiI1>aê>?FACB/AHjBI eBT{I[AHc ?XBDJ
kbX^
I[^TD_Jy^? c J]gLiS IVIK??J ~~
ACJ LiS ^C? chB{I Y` >u LT SIt>Esv1AHD@^>XB{> IT e?@I[I^ S J> A8T N
k SDKQXE^n B68Ed7 NQ AH)>; I8A?Z_A T T eeAHIKBgAHA E ` bXAHTBg^JM]gkACIVDF?>~
kT ^^?F>Xee Dc A EUj $ `
AHT ]^:>Z>#AHj
_Es? ACc j
? cj T IK?ZJA L u S]g>FI[>@BiI[AC?tBgAH_BgI8v=J e u c S B D@T >ACJ|EdIK? v c BT j ^:>T ^:A > c ? b ` ACIK>FA:I[_ ? T `
e>@J ?FS ^c ?BgEdcD J*B{TQtYc en > T 6 D@{?@I[I[QE}Ik|)AHJBgA8JtkN
AHD_D@^:`>eAHkBg^:e ?Jc > >FLgb DgAHI[B{> EdT^#hIyIe ^Jc BiDFA8>Z_N
ACI D1j:bXI[L
D Nc `V> cT AD\_[AeAH_EUACEd^:IKB BgJf_bXAI[TB
^/>FAC?ZAC?_AC>FÎKjB
J A ~
u ^:? Bc j
Ipj DoT k?Z^
A ^`VJbXJ{TA c _c EdT N?@L
I[Nevo^C^:hBI[IXDaAHeEdEC^ Y S S> cT Edk>KS QaEOn J 6 S {? Q c BW kiYt^> BT II#J Jc eAC?Fcj B cu D T T ACI[E}Dk
^CJ ktS ? > c T B{IY/e> T ÎB
>LT ? vyc Y TACBi> J T AHc BgEk _` ?@ACI8ACBgD@JIVD LgACu c> > T I[c DBu > J{T A Ic EdN|DACvfeAC>yI> eT IACB> Bc eIV?ZIv
^Cc Dkt_V> ACT Ed?@EdIKI[J/I AE c LiE SAC>Bgc AC^:?1BD ]iI[u BgeAH^Bg?@_B I c B{u Y 1` ACB{BgÔJ
^:?BA8NO` AHACBgBgAJvVQI[nhI[6 BcQ B{YO' v I[` > > T{T c AHe >
k_[ÂCEdEdEdEd^ IKb Jvi>N
T A8?@h^ ACS eY TA^J ST >NOAH> eT I/A u DD ACT eAC]iIIKJ1? S E Edc IjIAHAX>Lg> AHT ?@I EdI[N:u 1~@_AC^Bi?FBgJ
?Zv A8` N
u L ACSBg>ZA v `
Ed_I[^> B
T{>F?@c ê EdEdIKu Jc Bu >e T cACBg>XJ{_[v AC` DFÎKBvXLi> T I[IY c B?F>D@T>#I1JA8E S NBg^CAHko?> ]iT I[I1BgLAHBg? c _Y I T ` > u bXT ACc >E}kT u A:^Hvk
>^CT kIAHDZe_IV^> B
c _> DT ` v[QD T n AC6 EdEo{QIKAC% > I u J bXS T ? c^BY]gIVA?ke^:?@êB
D1> T > vXT IJA E cS EdN/BgACAC?f>#]ge I[Bic JACJBgA8_NI
I? c}c Y T_ c >AHeEakl^ ÔS ^> J T k u S ÊdBD Ed` N_v[^QB
>@n:?Fn ^9 EdE Q c BW Y kTA c e; DF?I[A E}T keAHBgACJBgA _w`g^BbXD c S > Te c_B^YtBg_wDI[AB
_F~~
>@c B?ACA>@I8eJyê ?@cB Bgc JB{Y` IKACACBg>FD Ju klJ ^ S S ? ?tc BA8Ytkl>@AI[?eD ^:S B
B> DFT I[> J` A u c > EUNT vAC> k^ c S DZv1?oe_[AH^ EdEUS I8> JT k > S T EUI D
LAC>FS ^>yBEdIVI[e> I[TB

c >Ke Q c6 B 6 BQ ^ ' b I[A8> NT{?@c eI[]?FBÔ^:A:>_ T J b > T I[Ed^:ED@I>F^bXY:I[T > ^ T IVT ? A8bXhIc > TeA:> TJ
II
ke> ^:c ^:?#S B/?YJ
^
Î[^?1?@IVJ ^C?@` k DAHb ^HBgk^:J _eTbXI[c EGBc J|> `T ?@I[> B>T T ^`HISbXY DFc >TEGA8T N:> > TI[T ?@I[^D1NDF^HI ekbXDA8TS N ^]{T ]T A8E A8chAHhIyB
I">@Li?@DXI[I[I[>klS^B?1?@B] ]I8S ?@J? ^:c}>@I[IKh IK_ZcJ ~ E
e>Ac _VeIV_BÎK?vXbXJ ]c T B?F^Y(I[DZe_w>@? ^3A8c LgN> I8T B{J I^LO> DZNTA:_A8> ?@hT I8I1IyJLg? SEGIVA I[EdbI B`Q >ZT A I6S :DY TnT ACQ >XEdE> $XT _[I TA S^:, D@D@A8IIh c>F> >@^bX? c c]i_u I[IAC?~>#kLg^:^:> ?@T?@e B I
>c B-T ?@I[AI_V_^?? Jc j
ACj BgT _w?I A bXu ]gc > I[T BiAC> BgT _IIVDZEsv#A b AHBgQ J6 A k>@x IVQ ? b ' ACIV?Z>J|D T{c c B ec > c ]AC?F>@I[IXDZ>_T ? cI[Lge I
u
k>^:T IK?@IJ{L ADc JAC` J
eJ
IVI[I BD c ?F^|II_V_ ]>@S ^c AC]g]g> AHc I[> ^:c?Bg^k^vB?FDfbXe^T ? IVABT ]iA8> I[h:bXBgIcAH_BgBI_~I[LiIY:Q ÊUI8?@_6 B >@CIKieJ Q IVuW B >@k `^/; bXEd?ZIKT A AH^RT ?@eBgk^v1AHEdEdBg> ^ T ACb ID
]kA^:_VS ?@ ?Fe S{I/cc ?FBL
IXY
N3]v?F?@A I[^:S E ]gc D@BiIV>@?@IV>?S{Nc c> D cL
TI[ND8c BQ A1Y 6 ?F I[c > 7]` Q?@Ie ; T SNI[B>F>@e D I[c L{?S c EU>FBIt>@YI[A:? _]{c B> ?Zc Y A8^NB bXIV` ?@c >>D TT ` IVACANBg_LgJ ÎKBi_wu ^_]iI[eI[B
?I~~
u
k>@u ^:?AAC?>FeA/IKJyACeBge v ^c B
c BgD> J1T k?@> I[cT B3I8I JA/, kA8?@_h ^:^ c e b >@? ~ c T u > > ^ T T S ?@ID@IVI IXY ` S{> Tuc ACEd^ >1BiS ^CJDZk[v1AHv1BgD JyAS _[L> _Dc IVec ]D@> IV> c cD BB` YY/J ^:]{b B?@I[I[EdeDFE I[c BB
c EdYO>@j D v `
k> ?FT Îe!_^ A b ~bXT c ^ _FSjDFIKIJ` eI[eACBaA:_Q c AC6>F:IKJQ bX;c > ST> TbXc DT kI[AHB D@> T ` I/ACBi?FJ/I[> S?FI[?@hBI[DR?FI[kB
?@^:>@Ede N
DZ> TAHE^ S S >@I[J|D I[` D c u ?@> IfT I >@^y; Lg?ZIKA _wT êeAHIBg^ ACS Dvy?=IKD T S AHAHEUE1EG
ACp DFj 6 :TcQ e W k ` T p 0It? AHc IVBBgD Jb ` I[?@J
D^>@DF^ >
>D TT IACEd;ED?Z_[A ACT >Fe>@I[AH? Bgu ACD@^:D e` p 0IKv^:?@YD@?Z^
AH^:D@D> Tak^:` ?au W=> T bXIc EU_Ei^ Bb ^:D8>X ^Cc k*> I[T BgIXJ_ÂCbY
A D c BgT vACÈdEdp^ T b I
>?@TIw~ACA:>yJ
e]EscA> _ITc eu L
Nu c B
IKAC>@^> c B> TYI c> ?T I_^:Y:e?ZAHe D@DZS vyB c> >T NI vVQ u ;6 :?A TQ e% IACBgbXA:Tv1^ D T T ACAHEdD E
DZ^CA:k1_D@? >Fc}?ZAC_wB{IKJYI[?Fk^:D `?^:??ZAHA/>NOeACD AC` Y c^:_y? DT AAC_?Dc ]i_I[I ?klû c ?@B
e>@IVIKBgJJ
IK> TJ(I>F^3^LJ
DFIKI[DF>@S?@c ^CI[N D
Ec k? IKc vXj
j ^:T??ZACA B u ]i)#I[T{Bgc AHBiBgA_I[DZDA:v[_Q ? c} 6 _wI {` Q ?@)I[e> ^CbXhc I[_D I~u LgT^:c ?@DB Y Sec EdAC>ZB vXL
bXN/T ^ > T T ?@IVAHID
_[J AHc h D@>tS Ed^HYIKJMA> TD S Iy]]IKE c JACA B
`>ACk>@^^:?1B]I[?FD^k>@^:I8? _> Tc ^c D1B `^C*^:I[? BgT _ACI Dàc u k c eT Iy]?@D ^:S ]gLIVD ?@c D@EdN>@D v
JAyS J
? ^c BY Yt` AXA#[N:AIK_FACj?oAC^:E ` B^Lg?#AHAy?@EdJ
I[N
^Q\B{jn I[9N 9 ` Q L
% NI AybX>ZT AC^ eT IAH_[DAHLi?@BI[I[c h:B^L ?@^c >@S >FDXI[BACB L
c N ~
e_^:AHeE Ì[L
D*N] S Ay?@I=eLOAHN1B D ` S A ]T]^?FI[?FD@D@DI c ` B{AY _[T{ACc D*eL{I[?@E IK` AH^> ?#T A u u h?ACc EUBgEsAHA8YN
IAC~@ev]A:v[c Y Q*` n Lg9{Iw6 ~ Q
$?@I8^1_ c IK>@ACI>X> JT S I ? c, B{ACYe A1Tec >ZA ^:B
u >^HT kAHA>IKAI8J_ T Av D ` c AC> BgT J eu >FI8ÂCEd]g> c I[e?kI ^?Fu e^Bv1EdNJv A ` c >@Ed^N
>ITgI_E S , J
AHI8jJACEsAkl?@^êLEsACDF> ^|c ^_ cBIVD >`NAHAC?@I>y?@> IVT ]gIACeDF>@DIKACuB{) Dt]g^CAHkXB]j
S>NO? A:c klv[N Qc BnY9 >nT Q ^:D@) I
;_[AH?ZeA T I[eEdD1AC^Bi?1A L
bXNT AC^DFD@h:I[^D E ` S B
ACBg>ZAHJ ? c T EdNI ?@bX^TJ
Î cLgB/AH> AT I8_VACJ ?@? Bgc ACACj:YIKItJ J
` ?LgA bIK_wB/êL
N I
]bXS T ?F^ IT L
ACNDXD?FSI[E]c I[]h?FIKI[JRD@D c> B{T Y I1TBcI8Dt_I[LD@?FD IKc > ACc > I[T D1^Cuko?BgACACBg> A8S N
?@IACèLiA:I v[c BQyYn 9Y:x?@IKQ AH>@% EdNI
]_^:?FI[eD@DFI[IKDJ ] ` S I?@I=c > TL
N1I[? LgbXAC> c T> Tc B^ YXS >^ S u >FS D Dc cJ
BI Y
u v > T b I=AHh >@cI[EU?EsAH^:Y?IKv c cB B bTc ACDo>@_IVEd? ^` > TLgI[IwD~
A^CBie Jc >@L
> cNBYf>@^ > S T _ IT{c JB{A Yc EdAN_? ^c >@b I[D1QX]n ?F9 I[iDZQ _? 0 c LgAHD@IK> J c B{L
Y Nc DX> T > IyT It]iIKJI[BgAAHACBgBg_JIfkk^^??
BT I[AHY:DEdIKDZ_A > c cJBYp %X> TS I1e D@pa]i>FIK^_ c ACA Eo; J S?ZA > Tc IVeDXAH^CBgkA A ` , ^:Bg? AHT>ZAHACjDAA:QoJn J
9?F7 I[Q D@DF% IKJI bX^:TBÎ
^C?@IVk eTAc D1c B Lgc BIV>@Yy>@IV]g?@AHD ?@>1bX^Cc > kT > T p $XIT J^ A8SaN ` ` piAHD BgT J/ACEdEAC]{Lg]gAHIK> TAHD@I I ` ku AC> DFT >IJ ]gS IV? ?@c D@B{^:YB> ^HT ksI ~
kI[BiJ
IKJvyL
N3A?FI[hI[?FI[B
> c ACEDZAHE S >ZAC> c ^BaQ n 9 {Q % I bXT ^ T AHD

Ec SBBgY AHT?c D]gI[e BiACc BgBgJ _I` I8^CACk>@D_ TJ c EGS J|? ?@c I[B{BaY3QAnen 6 ^:Q B
> % T3I c BbXTACB
^ N` _b ^BgA8N3_wI[B
> T >@?Z? AHc _>I~
Ic Bc Y T> T >NI eb ^^ ?FS EG> J T k ^HS kEdD> T ^HIkDeA_Ô? ^:c} Ba_ Qc ACn:Einkn{^
Q^J $X` T J Ib I[ EdEdS D J
u ?AACkD >@Ì[?#E c J|jIKI ACbX> c T D@Iv
>> TT IIY:) ?@J IKAHc >>#N
ACDZAHD `YI[> D T ` I]?ZA:AC_D > S c D@DI8J/ACBi> JTc > D T uI ? c 2 >@IKAHv ? c S B>FD ^` ?ZJ|>@^:I[Y?1I[>@> ^T I[?@?IVebX^Cc >hT I
u
?@>ACI8T EdE1_ IXc >ZI[]gACh I[> c B Ec ^Qc >FBtI[n:B
^Hn>ZkwvxviQ>T{T c eI ;"2 D@S I[?FAE}BOk T `>A8AChOBg^N
LJ A EsTACT >IX? c c ê> Bc D S D ` DF` e >\ASAH_[LDF_w>aD@^>JeA A c ]icBtEdACNXklB ?@LicÎKIe JecL
A:BKN J
S I ? >uc L
B{T NYI
u
k> ?FDFT I[I[?@IB
I[>Iklc?@I[^> B
cee>ACI[_D1B{?@IKYIKAHI[A:> ?_S TAC?FBiI[DZJJv A8`kN?@DF^:]gAHeBgIKAHJ J jc >D T>T T ?Îc B{_I[I>FD@? >I8S N
A> Q\_TaT n:` nCACB iBgc Q Y J 'T >j:I[`> I[I[J
T] ?Fc eI[TD@DFc LgIKeACJ DF> I[T c E}B I k
TJ
c?DACD _` Ed^:AC>BiT JyI[D8^ S Ed>I[_[> ACDFT>@DKc eQ=n^:n B7 Q B' Î[>A_VT{_c ^ eS B
]g>yACDF>ZDAHEU> jT I#>@^ > c eb Î=eD@>ZI[AHB BgòJ ,
c BS Y ~
cEdu DI[J > S S ?TBic c ACBeLYEdI>LiT Iu It>@_^JT A8J|ACN^D@vX>FI/> ACT BgACAHJBg>ZvXJ D Edc >FI[^:>> Lc BD@TI[Y c ?Fehu IJ E S c > I1? T c ^:IBB/Yh^>> TTb I1I D B u u Lgc ^CY AHk#T ?@IKA>vv`D@Y> ^:S?F? ^ J
Sc I[k BiB
T J*>ZIv
AC' BiIV>J T{b c e^?FD _wT^c B] DF>ZTACc B
D#>FP EUNfS e ? S S D >@` >F>I[T?aI1> T YI ^J
, DA8`h cAC>@Bg? cJ AC;BgJ?A uT ^:e> T ACIVBg?ZAHvoDK] QS n? n:c} ~ Q
_[u A:AH_>@^>?F>NT
S>@IDZvR>@D1^B A_[u_w> ^T ?ZIJ c B{^_[Y_V>@AC^ D c ^:T{Bc D#^HAHkwL vc E cAC>EdN*E u u^:EU>IVT > I[T?cveh:v=^ b_[ACD ?FIu k ]iS I[EdEd?N ~
k> ^:bX?@c e_II8~JLgv^:?@LOBN eb IVA8BNe ^HkS DF]i>I[LiBgI1AHBg] _S I? Qc} nI8n:J bXQ T ; ^N DFI1> DT c I[BD@D#IACI?FI1] jOc ACB{> ^ c b ^BB D `
Lu > S T >yI#Ed?FI[IK> _ c T>ZcAHe> c ^] BS ^H? kwc kvoNDA> T_?FÎKDFJI >@bXIT >F^:DD@IAHBgD Jyc BL
DN AC?@u >IT BI#^]i>yI[?j
kB^:^?@eb BACBgL
_N I
^CL
k[Nv=A L S S D@?F>FBOI[?>c >^N L` EsAHAHBg> c J^BL
D8NyQ?@nIKn:_ c > Q c B; Y Nu _> T^:B
I1kI[DFIKD Jc Â:B v` A1L
D Nc B{?FBI[I[]i? I[B
c D">ZACk?FBiI[_IKI J `
kE c?FLgÎ[e?ACYE c S>NOc EdQ> ` nACnBi{J Q cW B3B_V]AC?@D@^:I]g^:B?@^> c ^^:>B3T I[AC?D_wAM^ S e?FD@ACI B c bXDtT ]g^ ^:D@T D cACL{DEUI J
` ^:L
BNI
bY S{?@c^:EdB> `Y AC`{DTcAReD@DFBgI[AHE}kjI1_^:klB
?@^kI[e DFD@I[c >@D DXc >DFEU` ^ I[S h:Y I[T B/QD@n ^Rxk9 ACQ ? W T BI ]c ?@DX^:kl]g?@^:I[IK?@>Jc ^:kBM?@^:AHe D
kTD ?Fc c B3I[D IKJTAHBgI8kACJ ?@?@^:>yT eACEdÔDy> AHT ?@> IVTAC]g>yI[I[D YB
TS>FIKcc DtEdJ >K`Q3I[h c D1nc ExklJ
?@6 I[IVQ IKIKJJ % ` kI ?@I[^:h:bXeI[T B3^ > DFT TÂHAC>tkDACD ? _wc B ^c eD` L Te S c Dtc> >@>@LgT I8Î JJ
c NA D
]> T{S c ? B{c}j cIKBJ Y
v1^B{p WEUNbXL
c EdN EaJ
u >^T D@Iy^?@BI[DF^ÊeS >^:c ?@^:IBQdp=^Hn kwxv1n{_Q IKAH% D A8c Bh Yc BYyu >@^> T
DS c D1B_AC^BgB|J ~
DA8c klJ
>@I[IV?X?@IKJ
J IKcAHB > TaT` c DEdI[e > T{c Bgc eJ bXAHT E b AH>\A8N
?FDoI[D LgS IEU>FYD ^
bX^c J EdEc ACB? c> DFT I^ klS ?@^Y eT >FD T` c D@D]iJ
I[I[IKIK_ J
TaD `
^>@AC^Bi? JcLgB
IfA>@I[_k>B
?Fc I[> ^:cIKB^:JMBgDKQACk?@Edn ^:EdNxe x _Q ^:u %e> T I eIybXcY >FT S>@ÎKc EdJt`:>#T Af^:A8B h?@IVc c B]> Y1?@` I e IT c I[>S BT D@DI[>c ? LBSEdÎtB >1cJ
B
_I[^>@I8IVeJ BO` e> cJ
^c IV>BgD AHcc ?@>EUI[EdNAD
D@ACI8B
_N^BgA:J_> > ` c eEUIV>IQaT{n c ex gQ?FI[W ]ik IKT{ACc >yD=e> T c IBgJfA S LiD@I >@IVS ? Bc > I8c ACI[DD@N u ]bX?@c IV> DZT _? ?@c IVLiD@IK]iJ(IK_AC>1Dt>@Â
]in x:I[Bg7 ACQ Bi) _IKEdvE>k^:T ?Ic L{> E cS DFB
Dt> ^Cc Eok#> Y:T ^|IVJ|N/Dk SAHEUBgEdNJ DZeAC>I[c B DkNc Du J
TIKc Dt_EsAH_^?@IKBJD_ LOc I[NBg_> I8T v[I Q
kDZc >@^:AHD1?YI[I[c DXBg>@DyJ>F^ Q?@^
bXn ^:xT > {`^QeA S u $X>D@T>FT I[I1I? c >] N IKS J?@kA ^:D S? b c >1cAH>FD^CDkX?Fe I[DZhAc I8J{_wAC?@J
EdIKEdIKJI J `v` AH>@jOBg^ B{J3^ T b A8A hEUS I8I1D@J
>FAYI[SI? cDF>c>@NDI[? > kc T >^N I?
AA SS D@D@>@>@IVIV?? cc >>NN^H^CkkAyA #; D?ZTA TAC>Fe? c AHNOBgA A ` ` u ]> T ?FÎt>F] IK_S > ?Fc D BSY c >Xu >^HT kwvIT]ic I[D^:J]A EdIKc EUv Nc D#L S > TD c I ~
B^CkI[DFA D ,
c DS > J
T ?ZIXA{AQS n D@x >@IV?Q c >$XN1T ^CI1kgDAXACYIVA D c D@bXNOA T `ÂH_Bg^:J1B
D@>@IV?@?@^:h Eac >_TII[> eT IXDFI[A EdShDFI[>@D1I[?ACc Bg>NJ
D>@S^:YLI[D >c D@T >1I[? ^:BbXkc >? TS{c > > `T ?@I ^
c ?^>FeD ` ^CACh Bgc BJYA ACc ?Bg` J D S c e?@heIVN^8h> ACT LIyE}I > T u ?F_I[?FI IKACb > S ^:?@?@IVEsJ
DZvD
>T T IK?FAH^ EU>S TaY ` T EdIK> AHT ?@I B c c?BYA S` D@AH>FBgI[J? c > > c T IVItDhACAHEd^:? cB^ IS QD#nJ x c h c Q BI12 DF>ZI8ACJ > c c_ ^c BBI[D1D AC` ?@YIy^
AC^>J ~
>ZYOA A c c B{B IKc B{JYL
N> T A I[SeD@>@QIV?n c x > c{I[Q D#+AHEU^:T BAHI>@:I[kh:^:I[?? A c SD D@T >@IVAH? ?Zc J >N >@^c D=Lg> TII1>F?ZeA8hI8ACIV?@BD@D=I8J^Ck`
bXLgI1T AC?FIK>FI[Ah_ TIV? IKJ c D`bXT T AHAH?ZJ(>@I[h:>FI[^3? Lic D IT AHAC>@?>JA c >FBÎKJ Lg`=I1bX]iI[T ?AHkl>@Î[?@h:eI[?IKJ c ` D AHT EUE AHu?Z> J(Tc >FD^ v
eD@I[DFA8D@NI[D=LiA#I]iA:^_[b_^:I[e?Zv ]bXE c TD T c _ I8TtJc L
> NMc DoA J S c} D@>FI[_ ?S c Ed> >ac IV>FDK^#D kS ^?@?1]gAAHSD@D8DFQ>@I[nC? c >9 N Q u; ]i^^> DT ~
>ACT EdEX^:D@Î > T bXI[T ?^ ^CT *A8I[h:BgIJ
_I[^?FeD/eAC?@cI>@>FD@IKI[JXh:eI[?ZÂH?FEUEd>ZNACECkD ?Fc I[B IKJu 2 k?FA ^T eAC]iAC> T>ZAHI jc ?Av*Y AHSBgc EdJ >
L
D@BgNAHjeI[IKD AH` BeD^:^H> Tk D b ` I[LiEdI[E}~I[]gD Ì[?L kc^??FJ
eD#IKACJBiJA S LiDFI >@c I[B? Yc > D c ` I[LiDKQI[?@InCkl >#6 ^CQ koeW B^:DFIK> c_^>@BD ` `
?@D IKc BA:_ eTIVT BI8A8_h^:I[eBye L
Ntc >*> L
T NIX> ]iT ^ ^ b S I[Y ?oT >@^CD k`:A b S ^D@>F?ZI[J|? D c `> c Î[?XD8QJ
I[nCIK
J
nD Q ` +> T T AHAC>>@> IVT hI[I[N ?
D@> ]iT II[cIK?J cÊdBNEdNL S ? ?Fc B/_ T AI[bDKQ1A8NynC L
x NQ ]i$XI[T BgItAHBgY:_Î J
ìDc kaA:>_[T _I[IV]N>1j>IVT I[]It^C]i*I[BgI[? AHc BgB{_YID1AH^CDk
>>@TI[? AHc >> c I[; D ?` A AHT BgeJACYBg?ZAAHB
AC>XEd^>@B^ I T{bXc eT ^ ACTEdE AHT DIy] J
S I[? Dc}c ?FIKI[J DKQ1T{nCc e:gD@Q I[E}$XkT L
ItNEdA^S?ZJ D~ `
u
L
?@I[N ?Zh:AHI[TYOEsc ACAHDX>]gAc AC^:S > B/DFc>@` ^CI[_k[? ?FcvXIK> cAC> I[T >FD#IKIJAC"Ed^:> IKBT JII[ACDF:DI > T> W T I1B?FD@DZ^ > AHS c Y> Y SI[T D=>@IVE> Dc T jI I c^CbX?tk#c AD@> IS T DFI^>@LI[DZ>? A:cA >_c c?@BI[IKIKDKJJQtEsnHu A > bT 7 I v Q
$Xu b T Îy?FEGYJ{^v J
c D D` kJ ?Fc ^De_I[?@A B S c B{D@>@Y/IV? > c T >N AH`>#T > A8T h:I IT > ^TOEdSNDt^]? c?@Y ^c _BEsA ^Cc ke> IKTJc D > TbXI T ^c B
EdI ~
>c_BT^YteIX>@"]g^yIKACJ^?ACB{A LÌEd>p IXDT ]iIXAHL^ ]ibc I[E c ?IV>kl?#N ^` ^C?@eu kACABiACS BgJD@_wv>FIXI[]i?^CACc k*>> N
c > I[TQBiIXnC_
IY:?@u IKQ c AHB$X>D T DZS A:Iy_JIV? c}? A c c B_EdNYOIVDvXD@>A: S _[SJ
_c ^_FNj
?J:^CEdN ~k
)>J
T I[D#IDF>@A k ?@S ^C I[N ?@E
I > ACT cEdBEaAC>Y ^ST BcACI1EUDo> e` LgI[IV^h:I[eI[BB IV]{BO> EG>TA:__AHIK^:>J1B_[D ^:A S BS eD@c IK>I[J`D I[bXL
h:NI[c >BTeDFc^^>@?FDXT >ZIAHLEa?bXc D Y T c TB^>D8jOQ B{AHnH^ eOb {ID Q
> T I1I8:JA:J
I[:DF>@?@:^CN
D1:CACEdEg:Y S c Ed>L
N> T I ?@If^Ck\j
B^ b EdIKJ|YIQ
u
X
$
T
c
C
n
O
I
i
]
[
I
g
B
H
A
g
B

_
[
I

D
k
:
^
?
D

B
D
>k^T
?oS DaDFIKJ
_I8?@_IVEs> ACu?@DI8c JtBDZAvV_[Q_w^nC?Z
J c QB{,
Y#c >@^X>@IV> I[T BIDEsAS b e]{][AEd?@J|IKI[AHIXDF?@D ] B1c ^S BB{LIDE c ^H_[>kv > > TT T IA8IXh:]iLII[?@BgLiI8AHI[ACBgI[> BT _I[D
uc ?ACBgA8N
ACeAT vA:_[_ê]gACB . c I8JXL
` N S u > Tc Iì?FIKc _ c >ZT AH> c ^B1^Hkwvi> T I#N
A T ? c ~
>JA Dtc EdACN Bg` JMA8k>F^CI[kX?\> A=eIDF^NOB
Ed> EsTACL{I[EUhI I[By>e T I]e S ? ?ZkJ|N I[?@I[k?> ^CkgIVA=NEdIKAHAC?@?FIyB?@IKI[J ]i; IKAC?>FA IKT J ~
e_[ACAHEdEdBgIKAJQv ,|n S 7?Z9AQ LgIK& _w^heI[BIVDaA3] S J|?F? Ic B`Cjc k IVT?I^Ce k S u >>FT>@I[I ?FDaD@]> T c ? I c > T S N
^ eS DB uE cD@I[SIVBg^v?
L
` Nu > T AHS >t>@DD@A IV` I[prBgXvfI[eLON ^Ch c B{AHDY\c L
D T N> >T T A N#` DFp ]+EdI[c Bg> T J
^ > S T ?aI ^c ? S ?*T N
Y eSc EdB> D1`8.> T )IYB Ac~` p
Dhc I[D ?FT D@> I[T DXAC_[D AHb EUEdIK^J{jvI=,|> T S I#JJ qT A A8b hBAH> ` cp DK` Qo> nT 7{I 6 2 Q &A ThcI[>@B ?ZA T uI T bXN
eT ^ BgTvaACAHD"BgJD@>@^:u > EdTI[B I
Y>@I[^:?FEGD J `
u > c TB{ID@>ZTAHB
N
>@eEdNBLiLiIKI[_Y ^:c eB{B I[c DBYk?@I[bXIfc > kT ?F^> eT I Y bSc^:Ed>?ZJ
`
Dc k v1T p $XItT ^:I1Bg_e Iyc Je J
S EdI>~~
e> T ^:I D@>,
cLh?FAC^D> ACT eI[?XjAH^CEdko]g> A
TQ/c D=n Lg7 I8nA Q S >$Xc k T S IE ` h AHc Bg^_EsAHc I[>@B
^> ?1% ^Hk^:>@A/? c ~P ]S ? c ? I[S DFp>KDypAHLgBgIKJJ
c]gD#ACklB
?@> I[c IKN
J A u u kT ?@N
^:eeBgD v c ` Biuv > `*T c ACk >yT ILgIV?FY I[c ]iBIKB ACc >FBIKY
J
vEdNp 4 ?@I IKc _ > c T >FI[I[Dy?>ACT B|I c % I[>A8N h c BD ^:T ?~
eACBgc JMDklê ?@> S S >@B>FI[I ?@` D1p u> ACT BgI JT N
> TeACB>A:LiJI[J
Y c?FBI[D@B DFc IKBJY
v>F^ p $X T
S S ? D S ` D h:T I[A? Qc EdNn `7:x > T
Q S % D Ì p
bXJ S T ? ^c B{J
YI[D Ac ?@NI[I8D1AC>@?1^> IwT |I] c AHc >@>It~h:D I[c ?@BDFD#IY:p ?@2 IKAHA8>#N ^b ?ID@e?FI[ACeEdE ^C` h:e I1S > TDF>XN/e ACBS Y:>@>FI[I[? ? `
. =AC? S BgA ` p ` ^:?#p +T AH>@I[h:I[?^C*I[Bg_wI T I[?FI `. AC? S BgApdQan 7 iQ

$XB^:T >\AH>F>t^#eLiI#AHB A_[bX_wI[T ]^ >@òI8JT À8h^:c? BT YA8h Ac_VB{_YXI[]IK>FACIK>FJI[By]k?@Î[?FDFL I[cB
J>@J
D I[bXBfTk^
c _ ^T J `^ e S Y S T >>~
>@> IVT ?@?@D I[I> TJ{IA8NO$D8QAC?n AC7:>F7 DZQACe;S AC>BgJ T c I N
A bXT u ^ c T jAHAHD#DZv _` êLgIKe _w^c e>@>FIKIVJyD/e] S AH?FBOI3NyA8D kc >FBI[D ? `
LihIVIK?@_D@ÎVeDZv/I[DA:J] J
S ?@?@IVI D@`D@I8c Jk T >@I/^ ?F, IK^_ ec >@IVADAHJ BgS J? c B{ YS J
A ?A e` ^:AHB
Bg> J(T > > T T II > u Tkl^ ?@SIVI ?
hT IVI?@LgD@IVACD > T u LiI[D I[Y c Bc BA1B c ? Bc Y
h:I[v=?Kp Q) n ?@7N
{ACeQ ) AHB Y` ? c I[ACh? ^ S S BgDA ^C` *ACI[BgBgJ J|2MI[?Xc >FD ?ZT A AH` Edp EbXe TS c EU>I ~
>@NIVI8?AC?K> T IyL S D@I[> h:T I[BI bXh:I[T ?@^DFI[DT AHu DLiI[_Y ^c eBB e c B{c Y>@>FIKbXJ c > ACT B
vfNp W LBgEsJ
AC?ZeA ` ACp
Lk^:EdI? AT _wAH> Ekc BA
bL
NAC>@LgIVI[? Y:` Y D c T BACYiEdQEXnD S 7 LDQ c D@) >>J bXS c? _c IB{~Y3Lg^:A ?@B ee^B
AH> BT ?FÎ[eB^Ck^
h:I[^DXJI[^h:LI[B>A h:c BI[IK?@NJ
Y>@Iw?F|IKAC>FD>LiY SI[Edc Êd>tBY L
c NBY^C*>FÎ[? c > BT YI _, EsAHACj? cAC EsIKA8J~ T ^:L eS >@AC>FDI[`? ^:bX?c > L
T N3> e T IS >FDZ>@A:I[_? ?@c B{I8J Y
>L
T N(Ie c^j ?F`>ZAHu LiE#I[D Y c cB B` B Lic BIKY
_voêp ) I[J
D^:?Z] ACS > ?@c I^`1BaQdc p*k `n 7 bXc Q> T % I A(bX_T ^^ Bi_c DI[B
D@>Z>@A?ACc B>@I8IKJJ
eu T cN
BgeJ B{`CTDZvtIAHAHBg>@>FJ I[BgD J
S D#L{D _c ^ D@b> c D"B{Yk^:^:?BA1N:ACEdIKeAC? DK` Q/?@IKn _ 7 c >c Q BY. > ? T I c k ` A8] hS AH?@eI ACu cB B c
eIKc J{BgAJfcACB/BgJ Ac kB^?FLiI[^|D@> J|` N|DZv AC`BiT _I#> c}> T IK? Jc _L
I#N?FI[> ]iT IK?@ACIV>FI DX > TAC?I AC, jAHA e u ]iTI[c >BgAXAHBg^Cka_I[> DT v I `
TnI 9 c DoQ k?F;"I[SIKJ> kc k?@^:ueAACeEdEgAC_wBi? v1c ekAHI[D@D>F_[DA JS SD c ? Bc BYfYEU^:> D@T D?@^HIVk\I_[JACDFA8>@N
I D ` u ]gLgAHAH>Z> ACTjc A:Bv[Y Q
>L
T N? v c _) IY AfT JACA8eN AC` ?@ACD BgT JyACBie A S `>FT >@II[? cc BD Y u E u c cj:BI bX> T c D@I IKbvACk?@>FIVI[IK?=J > T kI?F^T eN
eACBtEdED@D I[c IVBB D
jD_[TA c BSACYtBgD c A B^CkoY T DZN
EdA:ê_D@? DBc} ^HI_kaIVD A_[` AC_w?@I[DFI[D/>@eIQAC^CEdhEXn:I[Y D=S6 ACcQ EdEd>KEg)Q(D c DB n`:> T I[nhI Q IVTB)^:DF?@^;DFI?> ~TADATI _e) ? c}ACY BgT _A IACèbX> ACTT ?Î ~
?@Y IVS{>Zc A Ed>c B` D> T c ^ B S Y T{Tc DT eI#eI[eA8^N ?FT NA8h:> T IIJ
I[ DFc>@YH?F~^Ch:NIKIKJJA > T c DI[D@B{I1^> >T ?@DFI[>ZIA c bB{IK^J(?@EsJ
L
D N `
>bXT c ^> TS Y A1T/_^:T BgIy_eI[B
A8>FN?ZACIK>FAHIK>#Jy> e T Itc BgkJ ^
` ^> JT ? ^Hc _k"IXAH?@B
I8NO_ Lic >@Î[J
DN
> Q#T I#n x c Q j
DZ% AHIe bXTcT >^ A ``
^>@^:? Yu I[> > T T AHI[>? ^HbXkc >> TT IK> v T IACDFIKY _S ?F?I[~> hIKu >FJIA{
>@^D ?` > u T > TI AC5 >X]g^HAHk\B > c T D T IKvA:J
, DZACv e`Cc A8D~_whÎKeJ{A ~
]c B
Ed>@I[^>FI[AtEdN#Y:kl?@?@IKI[AHIK>JEskAC?Fj:Îe`
c ACDEdEC D Sc Bc _FD8j
Q\EdNn:CJ gc DFQ D@) ÊdD\h:AIKJ _ÈdÎ[J1h:I[^CBkIKD@AH^?@>I[Th:I[` ?@kNACEdED c c BB
Y ~
k> ST EI A: _AH> Y c DoS DI[Bu ~Y klS Ê}?@ke IKJ S cEGBtAHDZ> v T bXIT> cT _ ?@T IVIJ kc ÊsIVJ1? "u klIK?@JÂeQon> T Io7 Qk^:$X?@eT II[?Z v c` j> AHT D I `
e>@? c AH]B EdIc kÊsJI8J, AAC eT ACI B bXu T~DF^^Bj
Y:BDZ^ v b ` D1e > S T DFI[>e LiÌ1u j
c DB^ _[b AHEUB EdIKuJ{>@v#^yEdklIKÂH?@?@eBI8vJ > T c B I
>> TT ItIt> T IK?FJI[A{IkQ#^:nEsJ :u QDA$X_?FT IKI J/c BD_ c >c I[c ACBgEi_I8>@?v c E c c DX>@IVLg?ZAHACD@E IK; J ?`gA c TD1eACBAC^:B> T Î[B ?bX>@? Tc ]{c _ EUT I
_[AHIKEUJ{EdIKA J{bXv=TEUI8c AC_ ?@T B{e IKJ S D@c B>Li> TI#I1j:I[]IK>XJA{D@I8Q _?@I[>8 T I bXT ^yj
B^ b D=> T AH> ` u c D
T W@^:W EUIDZA:_?@IKJEsA bt` u AC]{]E c _VACLEdIKv
6
.
c
.
`
T
X
b
X
Q
p
D

B
d
E
[
I
@
D
D

B
I
>
I
>@B ^c _[AH> T >@I1Iy>@k^^ S S ?D _[u AHBD@^ >Fb I[D v ò` T A:AH_[_Dt^:Li?ZJ I[I[c BBYJ|>FIK^_Es> ACT ?FI1IKJ>@? SL
>N/T> ` T > I[T II =S _EU^> ec ee ACS>FI ~
?@u IVbX>@T ? c ^L SAJ{> c J
^?@BI[DFkD@ÎK?J T{u > c TeI c > ?ZT
vS J
DZvI[I8? J
c Y DKT Qdp>@IV^ n{S Q D ;"$ T ^3? c Y> T SI` DFY:]?@? IKS AHB>YDkAC?@^:Y:eI[D
bkX2 ?F^T AHe^:B EUSI#> ` _wT ACÎBBDBe b Iwc IVBi?@c J^:IKJB` `klbX?@p^%c >eTIKACA:D@?1]i_>> I[Tc IK^:I_ BTaDK` Qd p AHxJ
BgQIKJ _ ) c kD _?Fc ^>^:c eB^:B _w>`:^T bXBgI_TIVLic ?@_ ^BT J
c BDFN ]Y/` ? ]c > BT?FY:^Cc DD~
J> T S I _wI[u DhACI ?c >c ^T S IV?DZvfY:_Ô^^BgJ J c ^:> ?tc Î[Bh Dyc E^Ck#?FI[eD S I[EdB>FDK` => L
T NI A:T_c Y> cT Î[B3D@> AH` ?@>IT _[IA eS D@c I8J:J ~
cBJ
BEIKcD@_B> >FcY IKY
`J ACAC>FbX^Bg?c J> T T >I[T>?@TIXIILiEU^LiI[Edb ^^ J
I[btDFN >K` ` QI[u hACiI[BgBQ3J>Fv ^1bXB> TT^ c bAH_ >T>u c TAD_AC^H> >cka^> > BgT T v I?FI[bXeI1Tjcc Bg_ c TyBgJ J|c cDD Dy`
_T>^T B
AHI D~
>> TT ?FIXI[]{Iy?@EU^^]i_[I[AH?F> >c N^B{^HD ka` ÂC> BgT JI[?@DkAC` Ed> EdTD c SBBgj J
c B{IVY ?c >FByI[B ^BT I:IKp AD J|T DKIKQ AC?F7 >Q ^C< k ^CbXhT IVAH> >c Bc Y D
S> T Bg?FJ
I[IVIyD c j ?ZcAHBgLJ|EdID` ^HACk Bgu J/D c B
A:kJ S T EsI[vX?FeI[BgI[_B
I>ZAH>FÊaAk_AH> EdD@c ^:I Bau QtJ
^_Q >@?) c B{L I[S DZD v c ` B{ACY ?FItu ^:> > T T I ~
I[e?@DI[`B D@` ]iACIKBgACJ j c B>ACY
Edv j cS BB
Y >F? c S J
> EdTaN `` DJ
T IVAH>@?ZEdEA:_Lg> Ic B> YfT kIy?F^klêS ?t> T j I#c BgeJ
I[Df? c^C>@k D=u ^CI[k\h AHc EsEdv E
hT S I[^??FEscLgJ B{ACc Y BE=YuA_w__?@> ?IKc c AH^:e >BaS c QBg?FI[AC{DZE Qv c B
$bX>@ACc I[> j ?T c_^B^ SY S >#?@bXD@> I TT AHIbX> Dc >ACT T BgAC_wDtAH> cB{B^^^B >t> T ^CLiI[kI[?I[> TBeIyAHY EGBac A h:pbtI[D B ` bXÀHc cBgkB
I J ~ `
u
>eACc ?FÎ[I#BB
J
Q#>IKAC_E EsQ ACu A?Fu _wIK) >ZJv e>@c ^tB AHLiBgTI#v"c D#^> TLe I#>cA Bg> c T BJ ?@D` IVuIu > > T jT ACcIyBg>#J
?@^HIVD"kwD vX^CS k EdAy>1bXh:^CI[k[c ?@_Fv#LgjAI8AHJE Y:vou^
ALi^|_^|JM>J v ^c cEd?1BNI[ATh _Fc c D~ E
D@ ]iS I[I[IKBg_ _TaI` ^Cu k> T u eAH>AC^HB
kwNvv*A1D c LiB
^k S J Ec EdAN _>Fu A:D__>Z^:v ec B e Tc >Fc D>@IKLgJ ^bXJ
N
c > QoTyTQ c WDBLi_^^J
BN DF` IA ~
ec B3AH_B^BLiDFIKIK_ ^S eI[I[BgD _wI u c B/u ^C>kT D Ic BBDZIv_>1^:L ec ?@e > T c >FvX>@DFIK^JeL
IVN> TD@c ]iBI[Y IK_ c TaBiAC` B Ac eL AHc ?Z>@J I ``
^Lg?#^:?@ARB Lgc IKBgAHvtD@> A` EdAH^ Bgb J _[c B/ACDF>@_I^QB{D@6KIK9 SQ I[$XBi_T IAH>t^HkeeAHBI[B
c>ZDAHE _[AHu D EUcEdBIKJD T A I u c>@DX? S ?FIKIv~
>@D@?]ic I[J{IKAC_ BgT J uc BhACc YOB J{bXACBgT J^D@A:IXv ` e > Tc BgIJ_> ^:T BOI[>FDF?@IX^:Ea> T ^C?FhI[IVI ? ` T> Tc DXI> _wT ^^ B
S >@Y?F^T E>@D^Ch:u I[e? ACTB
c D~
ÂC?FJI ACBg J{?FeAv Ed` N AC BgJ(IKJ*> TQ I36_6 ^:Q BO$X>F?@T^:AHE>t^Ch:eI[AH? B TbXc DT Li^^jJ
I[N I[]{u DjA8> N
TAc DyJAH> BgT J?FI[A:Iv ~ `
kLgÎ Esc JB{Y_D^B
AH>@Bg?FJÊ bXu ^CT hÎVEdEd? NTD c S eLD@J IVS Ek[I[v DbXJ
c I[> D T c ?@I?FI[D@AH]iBgIKJ _>b >@?Z^3AH> ACTaEd` E#> _T ?FIKI[AC?FI[>FL
IKJN
>ACu T> DFT Dc DSI?Fu IKjO_J
B{^:Ed?@^ N/]ib ^YOI[?F?yA IKc ACB^CEsk1Dv >_, T^:I[IeE}k\]>@ÎVEdI[EG>FJ{A:Itv[_=> D c S L^:_[BS _>` I[>DFTTDKcQIVe N6 _[nbXAHQ T EUE*%^3> c T J
e It^
I[bXDTD T> ^ T I[I/>Fc e?ZAHA]iY_BgI[>FDEdA D `
>I[TEdI[I ebXIVc BODF>FIXDZvVBgQ ACe6Kx IQ > T ) I B;^T
> T S I[>?AC>Fc eB
>@ACI[B ?FBgu AC> TE I , I[, E}I[kXE}ka> T _ÂHB{> D c c DtD@> Yc B{IVYtBI[^C?Zk*AH>>@IKT J I
bXbXcT> c T _ T ACEdu E
> I[T eILg^D J T c I[IK>@J ?ACu Y:BgD AT v=I[>@Li?IKAC_Y:^:BgeACDI[vD=cD@DI[B{_[AHD cEdLEUI8EdJI1^CP k\c hACAEdEi` ]> TEdIK?FAC^ D S S Y ?@T I
AC. BgBJI]gACA Bic J1B > c BT I=u D #S D _[T _I[IV>FD@?ZD cACh:Y:IKBgvA L `Hc bX?F> T T ^D8Q AH?@6 Ig_Q Ed$X^:D@T I[I[EdND@I=S > B b c >@^ I8` J > T bXIc >PT ?@>IKT AHI >
I[ACEd>FI[IKeJ/IVLiBOI >Fc D B` Y:]iDKI[Q ?Fh68A7 J
Q I 0 T?Fc ê e bXTT c ^tD1?@LiI[^|D J|c J
N I[D c Bc BB S > eT I#I[?Ze AHLS EdEUI1> c kk^^?F?FeeDX_?FY:I^ ~
k>@^^?F> ATa_`"> c bX^BaTQ c _ T 6 _wQ ^B) DF>ZB{AC^B
> >FT EUI[N ?c eDF>@?@]g^:I[BEXY > T LgI^J
e N S` Edk> ^:c k?@^:e?@eIKJ _w^C?@k#IKAH]g> AHS ?@?F> I[c D~
_>@^:EdI[?@D eu IV^CBOk#>FD > T u IKc B v T I[h:EdI EGv u`
I[c EdDXI[e]?@I[^B
J >FS D_wAHIKJ/BgJA8vykl>@J
I[I[?#D@J
> c I8BACIK> JT >@u ^/c BD > S T *II[?_[AH> D@T IKIv
^C> T k AHbX>Xc Lg_FjÎKJ
JN eT A8I[Bh:I1Q D 6 S {*Q I[+?@I8J T I[> B T I[u ?F> ItT Iy> T I[Ih c >FE}^~@J
?@e^
I[I[?@B
D>@vD LOc Nee]iÎKDFACIKBJDL
^CN k
c BACY/e>@A^ ` c u >@c D>@D_Es_AC^DFBD DF`> bXc > Sc > I[T B
>> T ]gÂCD@?FI>@DZhvI[?FAHN3?@I I[EdS I[Bec >FI[IKB
J >@`D I8u Ak?F_ ^T e A:_[bX_^T?c _J:T ~
>bXT TIVc N _ T b I[AC?@?@ItI>]AC?Fj:Î[J BgS v[_Q IK6JQL
N3% I AC`{>FT>ZA:A8_ h T c BeYI[B
D S>t*>FI[^?@IKDFJMI[BkD^:S ? ACTEXc D=^LkAwIKS _Ed>@>@DD ``
A>CT Bg^:J D@IXbX>Tb c _ ^tT e ?@I[c DY S T Ed>> N1c By^:Be I[DKc QD@IV6 ?@N Q` AC$X]T ]{^?@DFÔIXA:>_ bT I[^fD `>@^k?FY:I[I[IX> T k?FI[^?eIw{D@AH>Ze A c cBBD I `
bXS ACc >E"T D@^ ^ S S >#EGv > òc ? S c BB Yc >@I8> J T IbXec > I[T? c bX>1TACc Bg_ JT3> c T>tI^:LY >ZS{A c Edc >XBDt^HkL>E c T D@ACDt> ^:u?c Bge J cc D@h I[c ?FJ:N ~
Lg]?Z^:A:> T_> cc DFBI[D> T{h c D c ?Fb> S Î/?@EsJAHBgAHJBgJyh c > _T II1>FBÎw|A>8QD@en 9 ACQEdEW k J
I[u >Y:T ?@II[I D@`X^ Sc >EGv=^:_ LT>Zc A I c B{N D

L;"E S c D@> D c kc B c >T _ IKTA8c hI IV B NM` _w_EUEdI8^:A8> hT I[IKD1J >@^bXc h > cT _wI> T AC^BgD@JMI>@h:Î[?@h Nc ?@>I[S EdI[I ec BI[B
AR>@D8D@Qen AH6 EdEQ
cJ
J B I[S gY:?Fc ?@IK_I[J>FI IK`
>J/Tc >^L
D DFN S I* >@I[^:AH?Fe?@D e` AJ
IVQI[BODFn>FI[D1n?@Q>F^CIKk $XJ T L
IACNec > BgAT J ÌXc hACI[Y
c EdJ I[A eS c B/ACI[EB
I[D@B
>@^ D >@SÌV>E?@ìTD ` IXT kA8>F?@h ÎVc?@IyBeYkI[?@I[^:B
B|e>@D~
>Zn A x c Q BO> ' ` IV> > T ^:u eD@IyAHhBgI[v ?F`{N T A8 h hc IyB{YI[Ed?@I[IKe_^:I[YB
B>@D c DF` IKIKJ/A_ IVT hI[c BB L
J NS Iye]IK?@AC^:B{]gDX^:?@^C> k c ^:TBac D Q
cJ
B
I[>@]iI[I[EdEdBgIKJ{_>tvt>^:T BI[DFeII[>@? ?Zc AH>1BACD Bgc > Jc ^:J|BI[Dte^HI[k? > c T> ` I AHc E Bgb J A8c N
h Dc J S ACET{D@c ^ D S T E I8u ACbX?@>yTc ^_ TB
)u > S _wT AC> I#cE hc A> c c_V>I[N D1S{u^Hc ?ZD kACc > Y
> c TÂCIDByv ^C`, k[I[ACvaE}Bgk e`*JbXI[q1? c c>AC>8T?FQaj
nCbXBiI[TQ\D@c D_ T u B>Z>ÂCT beIACP1P1D^
v=?@ÎK>@AHJ
^>BLiI[. IyDFD B{> IuT DItACAC>FE > b>@T hA8?@AIVN
v I D `
>e_T^:AHI[eD@jI/]I[DEdI[ >>FS TI[ACEdINE c >IV]gc eI[I[D Lg?Fh^bXAJ T J
c ÎKIVEdJDMEdN/AHu D@Ed]ÊX?FS IKIEsJ
v#c^DFIVe >@e I[c BiBgc B_ACI[I[>FDKB
I[Q>@D EdN/c n B37 J Q Ac D@> Li+c B^|YTJ|SI[N Bc ` D T > ^TIKBJMI[IB k^^Cc >?k
>^CT k[vAC>j
BS ^ AHb E cEd>IKN
J
Q*Y:nI ` Qoq1P1AC^
?@j
^BJ
IVBD@I[D DFD u ^Hc Dkwv J
IKc _wY:EGBAH^?@IK?ACJ Bgu _>FI ^ `XT ) A8_h> IXc h > Tc >I=N kû ^H?Fekwv
Edc ^CD hu IAHEUAHE}Bg~@v=J ]gT IVAH?@>@h?FAIKJ J*c CB{D YS _ACTBgJc Da_> E T c BI=YBgDXAC>F> ^S ?@I[I=h^CIVkg?@N
> T> TI[cDFBI Yu > _T ?@?@I8I[ACIK>@v I8J*bXQ#Tnc _ {T Q
+LE c T D@DIV`B Au eJ|I[AHI[Bg]-v1_[IAHEd]ie I[? ` c I[AHBgD _wI[c >D b c B I[?FTI c` DAHDFBg^ J(S E#A A ] u S kI[?@II[E c E Bc Y Y
T v1> k` S > EUTE=I[^CB k
Edc I[>N> T_[ACc eEdEdIKJj
vXB^ Pb Ôû J
> T B{ACI[>D@D8c Q> nc {DvQ AH+eT ^:AHB> Yc DX> T e ^cDF|II8>J T bX?FI[c I > T u > ]gT A Ic B/ S ACACBgE}J ~
u
LiJ
ACBi^
I#I[J > DT bXBIT^ c>XS_ T YACcE h:cI[>h:I#NtI[D?t^HACkw>J
v c ?ZD)AkAb __>D1> c c h I[^ceB>N Li>@`C^^bXJ > Tc T IKc It_J TD@u ^ c D@DXS^ E*JS c}EU^DB{>@It_ ^ S eb Ed>ACA8>F?Ny^J
D1j
_B^:D@^BgI[bB D S S I[>FAC? ^ E`
^> T LIwIK_ _T >@DACv[?QyA_n>FI[?1Q ^C+kTAHBAC> S c BgD1J _c ^ DZS_wI[]?@EdB IKcJ LEdbXItc e> T ACDFJ
D IV`
E S bXD T c ÂHB >#ì_[bXACBT B{AH^> >#T LiAHID
ke AH>S T DF^:>e_^:IKBJD L
c J
N1IV?@? IKuAHAHD@DX^B > Tc B{ItY `CSbXAHT E cAH>>N_[^HACkwBv=B{q^>aAHLi?@j
I=Bk I[S DFEdDKEdN#Q j
B^ b B ` ^:BI
x:9 W:bX:c ` :::C ` S
AeC? cc JD@IyJ|E kcQ ?FB^Ye^:B> EdTE I[I[D eD@` IAH^>Bg?@TIVJ^C?FI[h> II[T ? I S k EUÂCEdbE Edc N>I[c DFI[J
>KD I[Q ` DZ_w> xT? 6c ILgQ IyIw{$X> _wT T I[IIEdEU?FIVD@I[BO> D >fS S J
EU^>FNBD I[^CbXD k` T>> c TT_ T II
>@?FIK^J{EAC^CD h:` I[A ?oS > DFT >@IXI[? ^:c >?@NY
ÀCuB> D T ` I> T] I=S ?@]iD I[S?c k>\^:^H?@ekwviACj
BgB_^ I=b ^CEdk*IKJ
eY:IVI ? ` c >@] ^:S ? ? c c^ >S N Do` _A^_B|>FD~
AcC>BiN1Jy^CekP1IKJ^
c^>J
ACB> c IV^:D@BDKQ ^:xBn> QaT qI I[, E ^ c Y S T E `> c u B{ACY ?@I8c voB > S T BgIJ|eI[?@AH>?@ACj
j Dac B^HYkD > `CT b I#AH B
S >aAC^CE}~k
YIV?FeBg_BI I[c DFBtD ` D@IV_BêD S e AHEgc D@]{D EUc I8ÂCBtD S ^H?@kI[D D c ` B|u k ACS ?@E*I8Ava_> >FT D IX` ACeBiAHJ?@j
_^D*B
^C> kic B> T S I#AHE cS BgAHJ E Sc >E}N ~
^C_?k S ) I[Ed_>> N c `h ACc >> NOT Q I cxD@x e Q ` < EdIK^CAhJ I[c >FB{^ YS DFACBBI[D@I[D h ` c ED@EdE I[c kIVI ] ` c ABI[T D@ACD L` c ] >S ^HD kac EUD@Es^:AHBE c c_ e c > cc B{>N Y `
kc >A8N/h:^ ^CS kX?FDq` AHAC?@Bij
J BI[c DFBgDKACQ >F>@x I[gB
Qy> c h:#I[B{B^ I[btDFD ` ` eAC?F^:It?@I[> T^Ch:I1I[e? ` AC> ?@T j
IyDXk^H^k\EdEd> ^ T bXIc B YS AC>@E}^ ~
Li^?IJ
AI[? L` ? ACc DtIwk> J
T IVI[DZN_? ACc ]]{]i> c IKÂCB? ^Hc Bk> > T T II> > T T ?@?@IVI[II u S > cACeE c >I[cD I[` D >` T IKIA:_ ]{T?@I[c DFB I[B
c >F> D `
]gc BAHY D@`> ` ^:AC?BgLiJRI kc BS Y3> S ?FAHIKLgv[^ Q S x>7 >FQ ^+J|T Î[B/AHBOA N3u A:e_>AH` BgvkI[`
I[T EdDA8h AHc BD T YAHJ
e^:IKBJ I ` ` >J|T ^CI ~
Ed> IKT ACI?FB IKS JACE ec >NA8Ny^Hkj
Bq^ AHb ?@j
> BT I[AHDF>#DKQ ACxEdE u Q D S ;"_ S T > À:bX_>@T DI[LgB I8ACu Af?Zv=e> T ACItBiveJ
ACIV?@D jyc ?@I[^CD k
u >F^/YOA c Bgv1b L
NAHB3c Ac _>ye` S _ T b kACeT I c Bc > uT{c D b ^:?@EsT JACBgJklI[I[EdD
B> T ^ ID@ ^:S ?@?@AC^ E c >N^^CBk[v kA ) E _>B{c Yh c >jON
B{Q ^ x Q > ;SAH>>#> >T AC>LiIKu ACLi?FIKDAH?@> DZvI> T eItACe?@j AH?@^Cj k
^Cka> T It S ACE c >N^Hk\P1^
^J
BI[DFD bXTc _ TbXc > TT{c D bXT ^:EUI u T I8AC?@>v
9
TACBgI#JfJ
I[ACD > c ?@bXI[TDXc >F_ ^Ttj
TBc Do^ btD@^ `:S bXEOT?FIc _ ^ Tc _wT I[I DKQ c Dx B^:Q >$XACT D IT AC_we?ZA8IKh Jtc B>FY^tA]ik>@I[I[??ok^:DF?@I[e B
~ `
Du S> T AHItE]] EdS IK?FAHD D SS c ?F>I[^CD kwvc Db J
I8IKAC_EdEs> AHT ?@IKu J> T >@It^/eLiACI?@j> T v=I^Hk e) AH_?@j/> c h ^Hc k>N q` AHu > ?@T j
IBI[J
DFID ~ `
DEsACc ?@>@IIV?Z>@v=^BgY
AHA ec BgIKvoJDF] Sc ? AHc >E cS >AHN E*c eDZv=I[Li? cI[>>F>@> I[T ?I1> eT AHACB?@jy> T^CkItP1]?F^
IK^_J
IKJBcI[B{DFDKY
ÎKB{A:I_ T Q
x ::WtbX:c :c :C: c S
eIKAc _ YT ?AC^H>Q kc ^:> BT DI[DFc IBEdEX> LTS ?c AHD EI c bX> cN3T I[^DKJ
Q=EdIIK _u 9Esb ACQ ?F^:I$X?@EsT JBÂfDFJIteI[I/BgAHBgJ
^^v?b J
Î[LIK? J>A bXbXc BT c D=> AHT >>T P1>@?F?Z^ ^
AHS ^BY J:DT ~~
B> c I[h DFc D>N?@I8> AT _ IT D@>Z> AHT >@IIyDF^C>ZkXAH>@eI/I[^HB k` Y:AHBg^J
JD >` T > ^T DFÎD@II[BgI[J
Bi^ J
b ^ IKb J I8J bXc bX> T c > T(q1AH) ?@j:_F~~
B> T I[?FDFI[DIkIV^:hEsI[J/?_D ^ c SB?@j(D@I>F^3^Hk> >@T ?IACB_DF^:e BgJc Yc >?cAC^:> Bc ^:B^CDKkQ=Li IK6 AHQ D@>@;D8tS >1> T j
ACB> ^ b c D> > TT c I D
>u T> T ?FI[?@I[II8k^:vtEsJ S _AC^ E S c > ?@c DFI[ItD ^Cu ka>@^>F?ZLgACB{ID@ACe Y
cA Y:c ?ZBgACv=> c> ^T B?@DI[Iw> kT ÂCEsJ >X` J
EdI[^ ]ibtI[`BgeJ|D#c J^J
BE c > BT Y I `
ACACBgBgJJT^Cck1Y Ta> T ` I/A:_[j
_B^:^ ?ZbJ c EdBIKYJ|Y>FI û> ^CT k1ItIK]iAAC_ ?@T > c _eS ACEsACBg?XvVQBgAHO> Sn{?FQ I1W ^Ceke> T ^CIthCA:ACL_>@EdDI
u
AC_Li^BgBiI Jc J Bc>FY> ^cD?@^v >FB`"^ D"cc D@B{>@IVD@^ D IK` _bX>F_[TD AH`c >@_ >FLiT EUÎ u > > T ACT BgItDFJ e S bXACACEdc EEEscJ>AHNBgAHJ^HB kwc Y:v=e?@qIKAHAHEUAHD > ?@` `j
ACB ?FI[D I/DFT DXIV> DEdT IK` IADFJ
BgEUD8^ ACQob j:I[I[DFx D > `Q
^L
& BN EdI[D ] ù > T > T cAHY:I/B
I[>@?@ D D S `H` ACT ACE ^cBi>?FJN D@I[LiD^C`kwÔvy,
AHS?@q1D J
AC?u ?FACAHjOD?@B{IK` vI[ACD@Bg> D8TJyQ3IyJ
:eI[gDF]cQ3Jc _[J|1ACE cLACBEd?YfIXACBgLgD@>ZAHAHAHD ?@>@`=LgI[AH,
D ?`S c ]gAC_[AB{AHS D?@BgD@` IKEAHcJ D~
TACq1Bgc ACY J ?@T j
IVT BD@N
>IV]iD@uDK^?ZQ=_AC? B{c >@7 jIVQD ^HP` kw#v1T AHAC_Ed^j
EGBiAHD TDJ ÀCc > D2 c AC^DAHBEdDyAHEGAHBgACD J e`4 ^:ACcBDZ>ZYACAHjD> AHT` D êD@u I[ILgB I[]EdbX^:?@^BT J Y^S >@D_ÔS IKvL{JD> cL
T D@NI>
L
LNE c BJ
Y/IVD@AC] Bgc J_[AHLJ
Ed? Ic B^j _[c B_ SY ]iu ACk>^:c ?@^:eBDv1AH> T BgIJEd> ^ T b Î[DFDFI> A:u J^:?ZJ J
c _IV>@?I8J3^Ckw>Fvf^/_^YOBgAHJec ~~
>J
c ^êB{DI[D@_[> A c S _1D@]IKJ? c I[L
DFN >@D1) ^C_k=> cj h c cB>Y:N
DQa`
AHBgQoJ > c TB{^YDFDXI ACbXBgJT ^J
D T IVEACc >@Y ? T c NO> ACc D B/` >> TT II
b^CkoAH>?TkAHIK?@vItD@^H>ACk>@J IVcDD@] _VSA S>ZAHDF>IKcJ^BL
D N u ) _^:_B> cD@h > cc >>NOS Q">FIKOv> Q T $XIyT e Ic PtJJ
ACE Bic BJ Y T ACu ?F?hACACBD j `
>) T ]I1DPAC?SACTD@IVNOD AH` juACLiD I[` EdAC^BgB{JyY> ACT EdI#EDF>FI[Ô?@v1hAH> TB
I>@D=T^Cc kaY T> T I[I#D@> Yû ?ZJ
AHD B` j E c j^CI kwbXvfc _DFÎXBg> J T c I ~
>ec ÂHB{BgD\AC]{D `?@^> JT SI__wI8?@J^ b L
N J
Dy) ^C_wk#> c h> T c >IN
Q*
A c eQ % ACB I[?Fc jCe Ac >@J
D I ` c AC> c DIV_D I[` > c > _T D I`; E S ?BgA TAH?~
e?ZAHAHBBjD ^Hc ^kaB{> D T ` I8AHvBgIJ c >D@T>FI[IBg_q1IVA Dc >_[N
A ACS D D@IKu JRk^L
?FeNv=P1> ^
T ^|I J|B I[?@D@DFD8> Qou OAH{BgQ J, EUA:^ _b ? I[c} DF>~
>D@_TIKI[_w?FIfD^`NBg>IKJfTAHÎ?@D?D`J
ACI[> Y:T?oI[Iy^CD k` eI> T AHcI#BD@I[>FY:I[D ^|Bg` J|_AHD I[Bg`D J>` T _[> I#A T S ID@IKIK, J{JfA:ACJ L
D T N` NO> PAHT D ÔI û T _wJ
IK^B{A8BI[hDFD@I[> D8B{c Q > EUSNy7:>F9 EIKcQ vY $XT > >@TT D II `
DZEsA AHbtYI[` Dt> T J
ItIK_wP1EGAH?F?@IKI AC> ; . ?A B{T I e` AHA Bg` Jy> T > IT I _?@5 I8ACBg>@J ^:c ?@DZDt_IV^H?@kB c> LT EdI I S . B Bc hI IVu ?@>@D@Î ` _>^T B
I ~
D@B> I[c DF> DKS Q >@I8v#> T I Tc Y T I[D@>1^:?ZJ
I[?1^HkLiI c BY:D#]?F^|J S _IKJ L
N/P1^
^J:~
76 :Q :$XTOS :D :u > T :I C?@I[:D S Ed>Zv^Ckt> T I> T ?@I[IwkÊsJA_> c ^:B ` > T I
bX_EsTACDF^D@EdI[IoD D@` N
DFu >@IKI[Ae_ T ^Hv kObX>@?c AC> TBDFe> T c ?@YI[?I AC> D c S^:L*BDJ cbXh Tc D c c _ ^T BuD _` ÂCBBiD cJ D@>@DbXvT^Cc kO_ T> T ?@c B
IVI~
_7 E n{S Q J
I[W D/BAH_EU^:E1B_D@?@IKI8 ACS >@IVI8BgJ_ILgI ^Cc BktY:ACD >F`X>ZAT _ ACT DeLgI[IVB
I[>B>F^k S Edu EU> NT I/]g^ ^c LBOw>FIKIK_J>@D^ ^CS k[>8v Q
>^CT kaIy> T D@I IVc B?#D@I[J D S ` > c ACIVBgD J` klÔc B^:Ed_wD ^` B> TDFIKI EdS ^ I[b BgI[_D@I>=^C^CkXko>eT I[IyB B` ^:?@B
IKA:~]i_ T I[?>k^T ?FI1eh ACc EdBiI[_DFI>
L> T{c ?@c >D T bDKQ ^?F7EGxJQ AC+BgJ T ACc B> b _^^:B{eD@LIKD#S > I[TBic D_I3c Bi^HJ k c h bXc J T S ACAC>EoAD@^_> S c E^BI[B
D `>@IVEd?@IKD AH?@c BB
>$XT T I^:D@]iI ACbX?@> Tc _ ^#S _EsAC^?FeDe ^Ck#c >@>>FTIKJXAC>eAC^>y?F>ZEsACACEC?FD Yc IBD AHuBgeJ A c T B(AC]iJ ACS >ZIAHjÂ?vJ
Ì[T ?KA8Q h c7 B{iY Q
]gT I[AHEdD@EdD@D I8` J^:LJ >ZS A ? c c B B` YA8EsklAC>@I[?FY?Iy> T B IyS eILg] IVc ?@?ZD1AH> ^Cc kX^B/NIK^HAHk ?@D1u > >T T AC?@>#^ >FS I[Y ?@T eJ
^C?FkIKA] J:S k B|S ~ E
ceD T AHeBgAfI[B
I[>ZB
v >@` I[> ?FT DI=> klT Î EdEdb^ bXêc B{LYXL ^Cck?@>AT J
DKQ^Y 7`7 AyQ $X] Tc Y IX` DFACEGB/A8N:AHI[D@?D ^H` kAA _[; AHe?ZA I[T E ~ `
AA _ ^ S btjO`jAHADZA{Y:ÔQ AH7 > ` Q A)D T I[; I[?] A ` T AeJ
ACI[BgIVA ? ` bXAT ^L c ?J|J ? c` BAj
D 1u AH> BgT JIACD@Es]A c` ? ACc > BgS J ~
ÂCSBiD#JE Esc AH ?@S YÎ ?#c B_[AHDFIKEUEd_IK>@J{D v ` ,
^CkS ?ZeAR^D > T T AHD Ed` Ea^CI[kB
L>@IVc ?Z? J
uD > ` T kIfI[IKLgJ ^c BJ Yc I[D^:v#B^H^k?ZD@J eS ?@AHI EdÈ
ACu > BiT JI^CY:k^J|EsJI[D@^C>Fk? S A _> ; c h?ZIA T LieIKACAHDFBg>@DKAQ D 7T AHQEUE=)]gAH; D@DZ?ZvyA T Ae> ACT Bi^ AS DbXACBgT J^D@> >@c eI8ACI[EdDD
u
Ah> c T^S ?@EsAHAC^ >>FS c^Y_?#T AC^HB k> Tc AeIPACLgEdS^D?J ACS c BiI[p DDJ(vyLi^C^CIKkk#J J
DFu ] I[I[DFc B
J
>@>@? I[I[S ?@?FD_DZ>` vyc h:D@A BgI AHT
jS I[c BiDDACJ
ACj?@BgIKACJ D8JQ > E ccU7e ACI[?ZQ D J|D $Xu `> TT ^CII k
kB ^:c ?@he^:?@D^ v=S ^CD ku Y:AC?ZB AHc D@eD@IVAHD Ed` DZvD T AC? BiS J(LD ^C` k ACBiu LgJ/I8_AC?@D@IV>FI[DZ]gv IVbX?@D c ` > T E c jkI AHbXBcYDFDItAC^CBgkXJ_[AC^C?~k
>T
T S ^?@D@> Iu LiJ
IK^ _c B{^:eYIK_v"? S _[IVACE?FB J
cI[hIK^J|?FDK^ Q S D7 u QACB 2 c eI[B ACEdDZbXvVT8>^T J|^:D@I[IE c Y bXT T > ^tc B IKACJ
>"^ kc ^:B?Y ~
L^ bc JByJ
IVj Bc BgkJ^
C^> J T `^:b D@I ^bX?FeT DK^ {T > A8Thc I[I h:c I[B
D >@` I[?__?FIK^ ACS > ?FS D@I?@IVbXDc _> ^TyB{b D S êecIVB{BY^H> kT > I T c I?
Ed^ ^ S b >ZIV_[AHD@>tD@>@_[D AC`DFT >@I I[D bX` T ^ ?@IVT >ZACACDD8AHQ] ]9 ?@Q^
A% _ T I IKbXJfT > T ^ I T bXACcDh:I[AHDaD@D@^H^k_ ^:c AH> T>@IKIVJ ?\ebXI[c > B T `
AC_^:BieJ I T I ; bX?A T T ^ eT ACAC?ZD#AHj
DFD>@T^:AHEUIVDZB/ACD8> Q/T If 6 ]Q ?@^:) ]gI[?Fe>N/AHB ^CkbXA T ^; ?^ A S T >te^HACk#BgYAf?FI[LgIKIwJ ~
Tj cAHBgDaJ
D@DX>F^^CEdkI[Bt]?FY:IKI[_ ec ^ D S ` D#]g>IKT{AHc?@B{EdDaYD^:`
?\c _DX^:Li?ZAHÊ ?F` B^:?\ACeACB
^NB^CYtk> > T T ItI=Y:eÂHEsJ
B
D@NXe ^c> > T T I[D8? Q
ckB^:n{?Y/Q DFN:0 >@I[ÎKEdAH?XEUÊ DFc b B{>@IKY AHeET c I[B^:>ZBYAHI[EY:N?ZA A Ac% B D@AC> uceARBYDZeAc B` ACY klBi^cv?tBLiD@DFI8IK>@__IK>^:AH` eE c kBI[^YD#?1AyDFb >@?ACIKACAH>@>IVE c`?BkYA^?Xe DFEs>@c A8EdIKjhAHA E}A ~ `
Lk_^:?FS ?^ >Fbt>@D@I[>@` ?yI8kAC^:ACE?oBc BD@>@Y/c I8_ TACkEACB{c >IBS YtAe__^^:^:BgBa?@J aec e^:x ?ZI[Q AHB
BO>@0 >Do^:` A?1k^:J|D@>@?Î8Y ACDF` >@E cIKkBÂHY?oE c D@B{e>FYIKIKACAC^ E c>tc BE#AYtA _h bXEsS ACEdc ? >Bc}S Y?FIKIKI JJ `
AC_?B c c_Fej:I[AC> E ` u k^H^k\?=> D@T >FI1IKACj E cc BBgYyJD@_[^ ACS EdEd?IKJe v c $EdjA Afc EsACL ]gc ?ZAHJ jA u `^Hkk\^:> ?T DFI>@IKj AHc EBgc BJYy_[ACDZAHEdEdEdIK>JA v
Ec; cBBACYI[EsACBAjA{Af_^Qkb ?FH^gY ACQ`B k^:0c Y ?#^S ?fD@AH>FD@BgIK>@ACA I8E ` ACc BkE c^:YB?Y_DF^:>@D >@IKc >FEUAH^j3E B
c B{A~@_YEd]gêAH> T?@^>@Es? AACc J
DF_D@Y?I[I ACD1` BA Ik^` ?ykN ^D@c ?X>FB{IKYCDFAC>@~lEIKkc ^8AHBaE}Y ~
h_^
IV7 Y^Q I[j:>0IKACJ^L?tEdkI[^
DFD/>@ÎKJ_AH^:E ^Cc BBk1D Y c hD@>ACc ?B{Bc I^Y3S ]g^HDtI[k?j k Edc S IKBgeA8J
hDI[I[DDAAA]ge^:]g?ZSIK_ A:DFS j:_] ^~c ?_FBACj I > ` ` ` kkk^:^^:??y?tD@D@D@>F>F>FIKIKIKACACACEEE ccc BBBYYY
S_^:Bge_wÔI[^:DXjA IKJMT I[k^
?F^^B J` A k^T?XIKDFJ|>@YIKAHI TE c ^:BYgY Q1T ^ {S Q D@I 0 T ^^?EsJ:D@~ >@S I8>@ACI[E B{c BD Yc EdD# ?@AyI eT ACIyDFLg^B
Iw~~
b0 ÂC?XD@] D@>F` IKk^:ACE?c BD@>FYIKACAE c J
BI[YI[?1J|NÎK?1JAC_B/Ed^:IV> EUT IVI[] DXT AACB
k>1?ACA Bg_wb ^^:E cEB
k ` ~]ik^:AC?X?@>FD@? >@c I8J
ACY:E Ic BY{A Q
TD@>F^:IK?@ACD@E Ic BAY1> A c Yb I[^? e` kAH^B?AD@>FLgIKACIKAHE c ? B` Ykl^kl?a? SDF>@c >IKAHAHE Bgc B{JY ?Fb ÔAH^:>@>@I[D1?AAXeL{EGÂ:B_Fjj:~I[bXN `Tkc ^>@I?
_A S T _Fj:I~ÔY^ ^
` ACk>K^Qy?D@{>@I8Q ACE$Xc BT YAH>h:IeTACc _B EdI[bXDtT A^ _[TAHeAHD#I[klE ^` ?Zk^:_ c?#L{DFEUN>@IK>AHACE c jBIVYB3_[A ACb >F>@A8EdNI
AIKCAHB
>@NI[Bj c DBgAJ/_? ^Hck_ ]c ?FACÊo]ikI[^
?@^>JN uLg^CIVk[EUv^:BbXY Tc Bc _ YT >@u^B{ÂCB]i^:^> T?F> I[c ? ^` Bi^:v ? T bXAJT ^ LgTI[IVAHB D
^C*I[?FIKJ `Cc BI[h c >ZAHLEdN#LiIK_^:eI[DoACBAHB c eACEQiQ + êIVB ` AHEUDF^ `
6
bXY ST c Êd>K{c B> T E cIVj:N IbXec EUACEBLgB{I8I[_? ^TeA8IthIt> T _If^:ekI[eec AC>FEd>@I[IKDXJ^HAyk>> TT Iw^:kD@> Iy` DZD AHT eACEdItE c _Bg?@_I8S A8?~
>u Se?FI[I[BD ^Hu bXk>TT c _I1Tk^ T S A8?ZhvXI_VACLiD@I[>FI[I[BD bXIVB T S ^ eT I[A8?h:ACIt>@I8?@JI[E c ACBgLi ^CShc IKD TvVQ-IKJ bX9 Qc > T ;"^ SS >>
>LgT I8I_^]{e?@I[I#DFD> ST ?FIIDFI[^C?@kXhBAHB
IK_w>@I[D#D@^HD ck>Nq1AC> DFT N I S c ?tD ` ]A8?Fk^>F]iI[I[?X?te ^c _[Y_ ?S AC]g> c ACB{> Y c ^:c BB
D >@`^bXJ
cIEd~ E
D@T] c Dc _[JAHSL>EdIN Liu ^|LgJ I8c_IV^DKeQoI[ DZ6 v1Q AC)B ; 5 ?ZAEdjT AHee ACS Bij A T bXA T ^ ?FI[T >ZAHA D*àkbXAHEdT EUIV^RBk^HI[IKJ|klD?@^^:e B
bXu T ?FACI[> >ZA:T v AC`"D=bXLgT IVÎ[BI8hAC^>@D e c c e>@IK] J*S :?@ACIBgJD S AtLD@>ACD TBgAH_IV>@D? c N
ACA Bi` J3At_1^:?@AC]>ACDFI[] DKS Q(>ZACBin{A Q
)2 A c >FA ?Zc ACDFj
NODA T ACbXY:T N^ ^> T c jACA Dy kAC?@EdI[Ed>I[A B(`^CbXT ^k?FkÎ[e IKJ|DT{c ^:DBJ ]S S>N(DKLgACIKBi_wJêA IV,
DS A ~
u
]cJ
B?Z?@^:A > ]g`T ^:ACA?@>X> cDZ^:AHA B/ec EGAHACI1DZDXAH]D@j?FIVÂ B]iD ^S ?@AH?@> EoI[c ^>eBA Ì[> B bXT I cT Bgc ^?XJ >S kACI[EdY:IKDF>@J|I I1Dc kB^:^:B?XD@IV> BeT D IV^S e> AHT EoDZY:]vV?@QEd^ IKb AC DDKx S Q=Q ?@CI[W iD B `Q
D@;u >$XNACT Bg?FIJ I[]ic >FBIK^YAC?@>> D Sc SB{?@*YII[> ?y^CT kwI]gvyc A ?Lic BD I c c B
BT k YI[S ?FE*I >FAû_D@LiDF>FIKDXI[JEd>^ T b AH^:Lgv D@Î1c BS e> hIVcACBB? c ^H^ J
k\S ?FD@IKD1eAL J:ACc k ?@EdS E> ETS DKBgT oJ
IVEUIVEd7?D ~ Q`
$EdIKACA8ehIKc JfDF?Z>@Ay?FI[ACI[BgD#JAHBg> T JyI> T?FI[ID@>E c ` j:Iu > ` T AHAHBg>1J ^Cu kw> vT >ACT >=I ^Ck[0 vo^:Lg?@I[I DFc B{> YtbXLgc > ^ T S BgD bJ^:AH?ZBgJ:J ~
ec BYAHBJ
YI[Edh:IKJ*^ S ?FIKJ/Q L
) NBg?ZJA8h:hI[AHB? Dtc ^ ACS BiDJ>F^^ b?FeEdD I[` B
> >@T D I ` >T T IKI AH>1u ]g^CAkc DZB_^:^H?Zkw_ v1TcLiBIY ~
DZT AHACBg?JJy` >@AC^yBiLgJI8AC> T?KI :u >@^Q ?F) > S Bg?FJRItL ^Cc k[?@v=> T LgD I cc B{BY> T LgI ^ c b EdIK^J ec LBD VACu ^C?@kwD v"`bXJ
I[TD@c ] _ cT_VA8c D~
kLu ?@]gEd^:I A ec u BLi_I^C^:c kwBEsvJY?@DAHI[v Bg]ibXJ IKACT{T >Fc IKIK_ AHJ
T >EdN_[ACA BgEdS N JyD@c I1B>FYI[_?@^c?FBB{^D@?Fh>ZDACAH^H?B
ck>^ hSe AHD ? c cDFb ^ I[^S?@NeDo` jL{AHc DBgBgAHJJ
BgD A8J` :AHc Y_Q >^:c$XB ^:cdTB ID~
ce BY#c D@IVL ?@c Nt?F> ^HT kaD `Lgc I ec B]{Yy? c I[D@B^:DFBEseA8hI[IKB
JR> LOc BtNykÎV> >@T>@IVI[?@?FD D ` T :AC?JtQ ) >F^BgLiJyIKDFAHI[? ]g` AHAC?ZBgACJf> c ^> TBID
kJ ?@b ^:e!I[EdE c >BT YI c >F?^Y?FIVI[>EsACT > I[c ? h:I[bXDc > AHT BgJ> T J
I I8bXAC?c _F^j:BIKJIVD ` ` u EsAHAHBgLgJ(^ S > ? T I c Bguvf]gYOA Ac B(c B c^CBk[Y v
bAC]I8]iACEdIK> AHT ?ZACAHBiBg_J Ic ^H>@kwDvEdÎ[BDFD IV` e u >Fc I[?@^D `S L9 EdI Q c. BgEsvoJteAHYACIXj c ACBY
YXA kc ?Bc D@I[> BgbXJ
DXTcAC_ BgT J > T u > I[T ?@II
chD#AC?Bc ^^ S ?@DyIVej c IKBgJ
J|N D ` ` > TAHBgIyJ ]gAHu B YBgD1AHEd^CEUNkXv J cS D@BgIK_AH^:D@I[BgD ` S AI[ ?ACc L_wEd> Ic ^BJ
DIKAC^C> kT eQAC B
6 N Q
;ACB
S N> A:bX_c> > `TT bXItT ?@I8ACAC>@]IVhD I[c?>@D1J ?@c DFIV]gD S^:EdD > c > cc B^BA ^Hu k#k S e > S c Bg?FIKJ vu LgA^J
eNAHBgI[BgvJ|k^^b ?FeIKJ D
bXc > T > :T It:DACe:I1:S:ACECc >NO:Q
Lg_ S IV?FI[IBnD > Q ST
]S ) ?FD=I[Ed]geE#^ >Ic T B
LI>FIKE c?FJDFI[DD^ S S>FEU^>K>F
D A ÈdIK]AH; ?@?@?ZBÂ _T uIVBeIKIJ ACc BiB>Zv=YAQ> klT ?@^^xDFeItQ AA, __>>F>S D c J
^:bXNBTcD B{c`=_ Y/TT A8> DFTh:III~
j
BIK^Jb A ÈdIKu J
]Y?I A` _> > c T D cIBYOD vfS LA S S DFY
>@ACI[?> cc >^:c B-I[D `^Hku > > T T II A:^_[?@ Y
SACc BD cD > ` c ^:ACBLDF^C>@k#I[B
>@?> Sc ^:IKB v
ke?@^:IKe!AHBDJ
^ kl^c B{?Y AHc >@BK> A S c B?@N c B` Y3ACBiD J3S ]DF?FI[I[?@eh c I BYLE > c TD@DKIQP CS i? Q S ACu W ?@kyIN> ^ T S I/LiACDFI[jD@>v
bXT I[T ?FI[IX> TLgI[I[?Ed^ btACe` u ^:> BT YI[?FAHI#EdE\LiIK> TvI[^DFBII h bXc ?@T> c S _ T^ S T DAHDoA_Lg> I[c ÎVBBD J
` IKu _]gEsACI[??FkIK^Jy?FeeIK^:J{?@Iv
IB I[DF_[DA:>@_ ^c ^ S eD ACuB > `T AH B37 Q > T u I$XT ?FI[I/D@>ACvfBDk^b ?tI[? DFIKc _ DyS ?> cT BAHY>ZvfD S > T]{I?@I[ej
BI ^ b T EdAHIK]J
] Y:c I ~
^C^Ckoko>> TT II[e , ^
Sk^:E ?Xc DX> T D@>AHAC> >FcIKD#J> >@T Î Li It?@DF> >#T ^HI1k"eAHEdÊ*DFDZ>_ Iwc I[{Bg_w_wI[I[EdEUD IV` BOLi>1IKAC_[eA S ^D@BI Yc eAHEd~E
eu j ^:c Bg?@>ZJ
AHDE c^H>kwN v=c AD#_Y
> cA ^c BBDIKJu I[> B T S ?@e^ S IVY ?ZTAC>FIK> TJAHvX>KAHQ1Lg^Ch:QI ` ) > T eI#^]iBI[Yy?k> ^T ?FêD@IyACBiD _c I
kj
?@B^:^ e b DXu I[> h T c I1Esvt>F?AS _wIt>@DKeQ IK6KAC9 B nc Q B{YW B ^Hk\bX> T T AHIt>@I[h:IKI[J?tA^~D?_ J
c I[I[?Bg_u IyAeeA8AHNBgvJ b bXI[T EdE^ `
TS ItB c Li^BIK_bX^:ec > TI[D; I[?ZhA I[TB ebXAHTBac EUQ It6KAH9:L x c Q J cu B& Y h:I[c B/B>k^:T?@c DY:I[b >k ^:S ?@EGEsv=J `|DF> S >XJ|kI[^:B
?X>@D1> T ^CI k
>?ZTAHBOI > u ` DA> T _?F^:IKD@JI vobXLiT ^
^^j
?@DI[eAC?FI[IeeLiÎ[?@?#I=> J T c I[D@e> c BD Y S S?@c ]gD TAHD@I8DtJt> > T T I ACByu kl>^T ?@IY:I[c >Yk BS ^HEsv~
D@c B> SYOJ
vtI[AHB
?@>@ID ` e> T ^^?FID@I J bXc D@T> c ^B{Y ]gS^:c D@D D@T IVIKD@JDAR> T jOACB{B^ b > T EUI8^:J
D@IYI bXu T ^H^ k> u T ÎyB{EUeNv1IKAH?FB
I~~
e>@II[e>FDZLivI[D ?S ?Fu >]gT ACI DFDb > ^:T ?Z^J
D@DI v `bXeT I[^ B u ebXTIV?@^=I[klEd^NEdv*Ed^ j
b B^ u b > T uI"> >@T IKI A:c ?o_ T{ec B{I8Y#ACB ^Cck
B> Y
T v[I Q
L
>@6KI[9N ? gc >bXQ c I[T)#D c S_ T T D@I>@IVA J
? cI[;>D@N>F?Z?@A AH^CT BgN
eD1JAHY DZBgSAA c_wEd?@> IKD@` I8JL
_ SNEUI8?@ACIVDZA:D?@B _?@Dc B{IKS JY]?@ACEdIVIK?FeAHI?@I/B > Tc LBIE Y c D@LiD8T I[1IDF>tL
^:NeL>ZIKAA AHSc B{BDDD~
>u Tj cI/BgJ
_IVD1D@^CDZAHkX> I[c ^h Bc J
I[^CBgk _wuIKL v c` ?F]i> T I[D?Z_wAHI[]Bg>Jc v^:B J|òIKcACB
> kT I[DK?FQ I[Bg_6KI9`7 QAHBg$XJT > I/T I > T u ?@DZI[A8I ~
_u D?@_I8T JÔv ^:W EdBDZD@v >` c e> S S >FI[D@>=D LibXI1Tck _S T EdEdN _^S eBg]J
?IVc ?@DFD@I#>F^
> ^|T JI>FL
?ZN A:J Tc c > e c ^B bXuT ^C^kwv=J
eI[D cAC?@B
I[ND
]g% IVI1?kACIKEd_w^>BI_w^` ?@AH?FBgIKJ_>FBB^fI[D@^D > bXT I[c >?XT e?@AHI[DFB ]g` IKj
_wB>t^ >@b ^D=> > T T ItIDZDZA:A__w?@?@I8IKJ/JEsEsA A b btQ `CbX689 T {^ Q
I> TI]EdEsÂ ?Fb I[DtD ` > LOT N I u u eS >@^>@J
IVI[?ZDACBi^H_kwI[v"DZ?@vyIKAH^HD@k^> B T c IB{Y D` ACBY:Î[D>=?@ACI[Bi] J S Y> BgT AHIB
Lg>^>FJ
^tN > T ^CI k
IKJA~Ed:^:?@:IQ :::C:
Lg> c IVÎ[B(B6K9 ^HIw{k{Q A:> $XT_>@I[TOEdDFNS I D#AHW >BgBT JDFI> kc A>S S_EU>FEd>@NDI[D bXJ
` I[T]DZc _w?F_ ?^T c _LgEsD@I8A IKJ*c _ eS ?@IKu IyBJ^ D bL
S N]v?F> 2I[T eIyACIfB D@SaI8L_`XE ?@c DFI[bXD >yc EdT ]iEXA8^Lgh:?II~
>ZD@]iA SIK_Y >tT >K>FQ ^ 68u ]i9 {^ cQ B
>@W D1k ^Cc >tk[v#Li> IT IyACDFEGjA IKbJ bXT ^T{bzc _ T c >T DA8T h^ IyS BEsJ ^:>LiLiI I[I[bXB c > Tu D@]i?FII~~
u
eT_ c A8ACAHhEdBgEdINACvyDEUIVeYOu bXACI[E TB
^->u kc ^^:AH?B?@_IKIKIKJ v v[`Qdp ,
c > D T 6KT I9 >{ACACD/Q B{]D $Xb ?FTÎ[]i^? DF^ IcS DZBiv ; `J ?` pA > TTD TeACAC> ACEdEBgbXAHJ
T{D^ c _ S e TLS >F; EUDFIV>?D@A D@LgTEdNI ~
__^?@I8B{J3D c J
EsA I[bt?FIKòJ(T ACA8Dh:I,
cDFD > T S >J ACc DIKJbX>T T ^ I`"c B(IKJAA _[_w>F^^?ZYJ{IVAC> BgT _I[I ? bXbXc c > > T T3> c T>@DIACDZ]
A8~~
]g> T IVIBgJDFACI[BY:I[DFI[D Dy` AHkBg?@^:J/eAC?F> IT IACL{?FEUI[I1h>FIKÂHEdIKAJJ{J >FS I_It>@DK]{Q ?@^
6:^C6Kk9 DQ ]g+IV?Z_T I[AC]{>@> IVc hLI[EdI?L
AHBN
>ACJ
T DFIKD@?F_I[I[EseAHI?@LI[]iDEdI[N ?F>@` D@^ ^_w^B{LgBD I/D cbXDFEs>AT c bt^BY` k^:> I EUT c Ed> ÎT b I[EdI[?#>YOT^HAHkI E c AC?tu >Xk]{^:Ed?Z?@IK_I[ACIDDF_>#?^Hc >FkwLiI[vyIKB J(> ` T ÂC^?X>_[_^H^S k"B{]iAHIAC>X> e cEd^:IKSACBDFD@D >> `
B^Ck^>> T J Iyc D@> ] T S ?F>@I[IIQ ]? 6c 6:Bg6 _ Qc ]gAC$XEoT ?@I[I8IJAC]gD I[` ?FAD@^:EUB^:D Y c bX_ c TACB^` I8A A_ 2MT c ejOB{AC^ eb DZAC^:jBA I `
^D@> Bc I> S bX>@IVT D#^^Ck[j
vXB>^ T b ItDDZ>A:T _I?@I8J/4c Es? A S btj
` >ZAACBi` J^:B> IT ?FbXI[IyT êI[?@I8B_ cLg>@I[I[EdD ^:Bu >Y T c BI YW B
>F^ ~
>_TÎB{D c D@?@>DFc>#B{>YT ^H?@kI[I1AC>"^:?ZEUI8J
ACI[D@?F>oD#>FD I[T BACeEdE*I[_e^BLiDFI[> c?F> DKS Q >@6:It6 AnQ u Ed. I[YOB{AHI EGv=bXACT DF^1D@I[jOeB{^L{b EUN D `
>bXT T I^t j
c BYH^ ~h:b IKD=J> A T ` I ^:,BAHI ebXAT ~^h:IKj
JBA ^ ` b D T D1AH> EUTEiILiI j
ACBY S^ b ?~B hIKu J>FA^t` k^:ACBi?@eJ/v\^:AHBB I
A]gCDFIVD@>@I[I[eB
>ZLv"EdNt>@^t_^:J
BI8_D cc D@J
> Ic BJ
Y1^ S^CkaL>ACk >oS EdE
IK]gAC^DF>\c BO> >FT D?@^CIVI#k*EseA b IVeQ 6Lg68I[x?FD Q u& AChBgIVJyB_> ^T eRAH>~
bXEsA Tbtc `_ T e ^:S BD@>=I Lg; Iy?A _TêBD ACc J
BgI[Af?@I8hJ I[?FuD@>@IK^ J T c B/A8h> IKT v=ItD S]IK?@JIVAeJ
ItIKEd_I[EsY
AH?@ACI[E Dtu k>F^^?_LgI I `
LeS I[>Bv*Q B^:6:>a6 g> TQ AC& > hbXIVT{B c _ c Ttk>c DT ^]S ?@^DAC_EsBgA J|c eD^HIKkJX;L
N1?ZA eT eN
? AHc ABgJ
ACDiD ì^Ck bXc TY:B^ ^T ?A8ACh:B
I>
B> T Îy>k S IKE J{ A EUEd` IKJMACBg> JT I D c S ?tL{DD Ac D@_>t?FIK^:J3BEdJ N/S >L
c N/I[D >` T ACI?@I BgACS eBgAIt_[^CkXS A > cT BOI >Fc IK?tJ _[AHbXD@c >F> I T `
^CLik[Itvye> T ^:I/D@>=A:I _ >@D_[A>Z_ A c S ^ YS T DX> kl^c B(?XI[> BT D IS ? "c BIKYJA T ACe ]{S ] DFc >BI[I[D@h:D I[c?B/Li> I Tc TD I[b EsJ^?F>@EGJ^
]]ACBi?F? I[c J DFDZIK_>J ? T c ` LgIu IKIKBJA:I_ L
T N>8v Qc> B T :I1c>@QDo>IK0 S J^?@A?B AHcc BEUBtE*>> > TTT IXÎDFD@I]gI[I[h:u ?I[^:k?Z>ÂHT ?FEIVe??@SDZAHvEdBgI[_ACDI?FkI#^^C?ok k1S > >EdT EUT NII? _wc A^>F_eI[>FDKD~ Q
D>Sc {B _ Q S T AH$XAC> TDac Î]{B ?@Aû _^C_ >FkaS Dt?Fe I]S ?FAHI[BiB DZJ_c AC? BgcB_LgI"?@IKI8IJAC D@c L
I=DFN/>@^CI[k Bi> TT _AHII ]` ]] IKc?BJA8I[hOADF? DcAH>@?@AC>ZIBgA:vJ1^C` kX_[ACA >BgSb JfD@ÎXD S jAX_c _BgT ^J
B|AHD D~ `
I[IBcD D@S >F?@I[I1Bg_D IS ` ]?@B IVc eh
? I1c >FL>ZAE c vVD@QDAH:BgJQ _[) A _wS >@D@D ItbXAtT_wcI[_ D@T DACDF> IKc ^:_ BS ?FuI ^Ckou > e T IS Bgk JS AHE BEI~
e]?IVA8BOhO>? c ^C>@>Zk[A v ubXD Sc D _ T T I[D ACDc B _[A > S TD@c I1D A#b _^^:?FB
EGJM> c B^S? ACc >Bc ^:> BT I^HkgBe IS >BgJ{AH?@ACIBI_[AHIwEUEdcIKDJ ~
>@b IVACBg?Z_J{IKv vV` g]L ?@S I8>#_IKAJ
_IK>FJfDXL
]gN IV?u k> ^:T ?@IeA:I8_[J SbXc cD > c T> c ^ ^:S Bg>XviAC^CB
k Nu >F?J
S IVI8D v*c ?@j
I Bu ^ kb^?#EdIKAfJ
Y:?@IwI ~ `
u
^CACAka?F_wI>@e DtJ|S EdIKIKBg_A:JEsJACACc?FB{BIKIYJ/I>F>F ^^c D@kLi>FS I[I>BgS B_?FI8c Ih
v[Q? L c >F c ?@>Z9 >A Q T D% D SI u ]{_ bXT ?ZA8T ACh
^tDt? cD@>@_[I8>A J AS S vD@EdIy^LiS IK> DF_T EdÎNe_]gI[I[I[DtDF?DZkIKAC^ > ?FcS eÂHB D E
>@^C^ ka> > T T ÎDFIY:^_[A J
S DKD=c BL YyS > > T T II _bXI[DFT DZÂH> cc ^D B c B
u >@^HI[kaB
I>y c^D@B>@IV>BgT _II ` ]iB I[c ?hOk? ^:c ?@>@e>ZA:ACv Bgc B
_I ~
J
% I[I I8JbX` T ]i^1ACDZD@A:DFI[_D=? c}Lg I[_N:IVDX^Bg>@^tJ > u T> T I IX, ?FIVIKEkA_ u T ACEd^H^kwB{voIK>v T` I8I S hACI=EdEdI[NEdI[?FeIK_I[^B
Y:>@B DKc QoD c B6 Y Q
>, T I[IE}k ,` IVLiEkIK_c Bt^:eAHEUI[E
D _?@u I8c BgAC>@J
I8I[Jy]iI[LgBgI J
c BIVY:BOD>ACE Bgc jJtI8vtAHEdACEOB(_?FIKA ACS >F>FIK^|Jy_w?ZLgACI >c B{AHYBgD Jc BtDF>I[TE}ksI ~
EDZS A:e_? cc}B^_ cS AHDKEgQ*? :c >@nI[Q D `) A k>@; I[?o?A Y T c h ec BACY BgAS ]fD T I[^ hS I[ByEsJy> IT II[AH?F>Lg^CTh:c eI~eDFI[I[E}k B
c > B c û B{AIK_ZJ ~
]g> T SAHID@c ?D cACc B^:>@Y
B>AvD c` >BACT eBgItJI[j
B
cB>#B^ ^CbDFkX> EdS IK> J|J
T N Y:Ic IB^^HY1Lk\> IK>T _wT IX>I ^H, IKk^ JIS A{ E Q\`
c D@c >FBx I[BgQ I_0 I > ^:`c ?oBI[Y> D@T S]iAHc IKD >\_ TcDFcACIKBEd_ YEdSN ?FTI[c c B DD
>^T > TII[_[? ACbXDFcItDFI ^C` kA1A > ;bX?c _A IT ~eLiÂC?@BgBA e` LgAHI8B _[A T S AHDFDIY
L
A Nc BACIK>@J>A AHc EdB E c TBc YyDI[> TBgAHJ|>DK`QBCî> Q
$XeT IVI/Ba="> IKT JI/A "c DIKJ> A8T ~I^?I[J >@c IVBg?@ACBgBiAH_EtI I[u Nc IDZvR^CLgk^:> > T T I/LgeIVNAH^BBiI[J3D ` > Y:T Î/J
DDF]` T ACI[Bg?FJI
^C_^:k eu T
]S ?FeI T AHI[BgBvD c ^]gBa^ b1I[> ? T ` ACAH> Bgc JDLiA3I[N:_IV^?@Bg>ZJA c B(> T kIA_wD@>K] QzT IV?@ I7 Q ^Ck ) u TOEdE1S >eT AC^:BiD@I v
>@Ed^?ADF^J ] c > T c N^:B`[bXD Tu DFc _eT ? ACc > ?Fc IvXB{AC^Bg>aJLi> ACT D@Î8D@JtI^:J
BtI[> DFT ] I"c _[ACL{IKJEUIfA `D@N
]D@?@>FÎ[J eS D_I^CB{k^#] T?@Iwc ~~
bq1ACAC?Z?FJjOB{AI[kD@>@D8IVQ?J
:IKAHQ > T ) :EdkEo^:> ?oT > ^:T D@I[I Nu AHJ|?@^|I#_w>@J
? I8c B_EsIVACDZ?@v I8` JJ >@c *^fI[Lg? Ic B{kY^ S kl?@Bi^J
eIKJy> ^T B I
u "IKJAv àbXT{c _ T` DF]? c SBY S T]3ACBgJ u DFÔ^:Bgv1]iI[? c D Ta` AC?FI b ^$X?@> T T ~
kEd> I[^T D@S ID=?AC]_[Bg?FAHI[JfD@D@>FI[kI[B
AHD Ed> ` D@` I > AHT LiBgIyIKJ > _[T A > ?@T I[ID@I Ik b >S >ÎVS ?FNEG?@J|IAHD ?@ÀCIX?F> IT^Ck*IyACeEdklE^ ^SDFJ
I[?hIV?@ÎVB?Z?ZACJ|JEdI[EdAC?@N>FD I` j
Q\> BT :^ Ib Q ]iBACD@L
> NI `
e]k?F>I8^|TACJ BEdSND_DF>^Hec ka^:>BI[T EdE\Iu cAHDZ?@vfItIKJ> j
T A{B?FQ\^^ :bS Y BQ T ,> T>^ T ?FS Î BgS J u Y ` T >@I8^ J> ST c _y_IyTa? `c >@IK_I[J{^D EdA`^ SbXAC?EdT^` cB>Z_ ACI TDF` >@cu I B> ` T >ACI TBgc ?c J Dv
?@> IVT D@I]iIK_IK>JA AC?@S I8]vT D@Î8Es_J
^DtBgJ{ACEdACE?@N_?@I8AAC_w>@>@I8DKJQLi:I c BQ YD8$X T T II[BgI[_>FI I[?@W1BiACT Et^:EsEdJ^?F> I/T AH^C>k
>@] ^c BLgI[DFI DD >@S ^
]vt?@I[> TeI[ID@I`bX_?@TIKc AH_ > TS ?Fc I[DDKQ > T I6K9:e9 Q IKAC< B{^De^Cek uACD@BiIKJ_ S ^C? ktc BACY ?@e T AHc I[]
D ~ `
?@^C^ChN
IVAC?#E1> T A IS > bXT ^T ?^c Ed>I N `b >^T ?@IEsJ ^ T I _u I/^B^HEdkNvXAJ
I[S DFJ|I[Y?@h:I I[` D AHbXBgJ(T ^DF^Cj
hBI[^ ?Fb I cD#YB
> T >NI
_^:IKBJ{D A8S ~eDZ_ I[c I[D1BgI[_whIIVQ B6K>@9{?@6IVI[Q Dt) k S DEdE\A ^H k?@DIAC] > T ` AHI[> hI[T BAHDDF^ Y
A T c I BIKbXJ T DF^>@?@j
IVBB^ Yb > T D
> T I/IKJA L S ?@BD^ S >> T I>ZA c B
>^Ck Tc DDF^ S E bXTc _ T AC? c DFI[D
n
eDZA:IV_I[?@I8> J` > TEsA I[b Nv[_VQ ACB6B6K^:7 > Q u k$X^:?@T eI vD c ACBB^HAHk D@DFTI[cee LEdbXN T u ^k^:e?DFJ I[S >@Bg>FE _c B{IVD Y`1> c T B
I ~
c>_[BTAHD@?@^>FBgD@? IAHS > _wbXc >^T Bu ^D=c B ^C]kT?@c^:q1DX]gACJ ^ ?@S S j
>BgBNJIVv D@` D c k>K` ACQ AHEdEdBgD 6:J `:6 c SBgQBg_?@AI8)_[AC EdD@SE#I8A J> c T BOA AC>F>IKT
J S bXBgbXTJ
cc >?F_ TIKT(J:> kc T^:DIEGJ eEs` A ^^btDFB > `
I_EsAC?F_[IKA:J_ c ^ >F^S DN:k^ ^:S ?#DFAIK_ S; ? ?Zc A B{T YeD ACS Bi]A?FI[bXeT It^L{J
E c ^
DFDI[DT AHBD^:>1LiI[kACI[BEdE=>^CT
S Dtk?@^:J
eIw~
>> TT ACAC>> b^L{^>Z?@A D cTBc Dy]
k >S T EXIJ
eI c >^N(DF>tJ Ic gDZ__EdI[ÊdDFEdI[IB
>@>^ DF>ZeACI>FI` Q > T 6?@^6 S QY T $XA T
S J
DI[D J c ?Fc JI
^C^Ck=k>LgT I[IB{I D A> _c ?FBIKYJeEGA ACb BQ j c6:Bg6 J `Q > ' TI[c D > bXu I[T h:^:I[EU?@IfN e; ^?ZDFA >XT eIgAH_BgI[EdAEdvI[B
` >1_^D@BiIK__I[?FB
I[>~
>@Li?ÂC> > T c B{> Y T ItTc ?FDIKACe Ec AHBgBgJ J` k> S T EUI EdN S B?@IK?F_wIKÂCYE `B kc ^DFI ? T c BI >bXT T I ^, ?FI[IKE}_k^:ACYEdB Ec D@> IVTDc B> YT D I `
S>@IVB ^ c Sh:DFI[B?@DFI[I D@D8c Q B6> 6T I Q , $XI[E}T k Ì J
, ^
I[I[E}DtkAHBEU^:^:>tBIY c chDfI > TT c ID e T IKS AHEd?@> >yc > S>@^ J
ItS B^Hk? c >Y T T I ~
Y> T ÎJ
D _` ^:> BT BI IS Bc ^c BhI[^C?FD@kIX> ?FT I[I[D@D@>FIDIV^:eBLg> T Î J c , IKI[J E}kZu 8DFkl] ^c ?o? c > >@T DIv ,bXI[c E}> kT ]?FA^_w>J c S ^_BI[D8D Q
>>6 TT n II9 Q _V^:A8?@'hYOcAHI[> >Bc IVD#TD ^Hc eu k^Ckaee> ^:T IK> IJc ^cLiB{>ZÂHDJ
>@AHINBgv ^:J` B3^:^CB>k=T > >@IT ^ IS I[_> bXTT c IV` Bg?^:JB/ACAHD >D T c c J
IJ
IVIVeBOBO> > ^c c _[D@_[>XACACE EIw{bXbX_wcc I[>> E}TT ~
EdD I[c YB
T>#> E ` c Y ^:T B >#b ACDAH>@> I[T ?1IfACDZDAC>eT IIybXDZAHc e> T/I TbXc Dc > J T c Y:> I[T D@I > c uh_wIt^?@^:]i?@YO^?FAHIKBACDEsv AHBggJSc TJ
cD D `
^LiB(^|J|> N|T vVI/ 6IKnAH?@6 > Q T . ACBD>> TT II/eDAC^
eÎB bXACD1c > ^T BI> T bXIc >D@TÊ c > JT I ]gACc BO?F>F>@I[D ?@Biu ^CACk ET^:?c D~
YO^CkAHBT ÌKAH^?Byc B> YT Ì1^ ByS AC?@c >FD I[T ?@B D=S ^CkaACD"> T Î BIT ^bX? c cd> Ty^:BTc AHD Du ^:]gB^ Ib bXI[?c > ^HTkwvTec D^:DF> I[c B^DFB I `
ÂCBD c % J
I[AHB
?Z>Ac _VACACD1E >bXT c I> T/DZAHTec D1I D@bX]iI[c >IKT _ TaT` c ^D1B D@>F2?@I[cB>FY:?ZA> TaAH` D ^cB J|I[) B
Y:> cB _[c ACE u 0abXc ?Fc > IKT v
T^Ck1c D1YII[gB{_I[?@?ZIVAH> > c c^^BBaD Q ` AH6 BgnJn{Q ^B ' I[> ?ACTY
c ACe]gAHj
> Bc ^ ACb D1^> B{T I I/bXD S c > ]T/?FI[Tec D1I ^2 ?FYOAHACEUB I
u S ? S D T T A ` >F^LiIKv=` > T c I#T DF^ChI[c ?FI c YB? S ` EdI[?=^Ck\> T I[eAHc EdE ` D@eAHEdEUT IV?
I[c B
h:>@I[I[BEdEdIK> _> ACBu ^DFBeEdN ACEdbXE T LI[? BiYv c >"B E u j:AyIXDFY>ZAC^>FEsI1J ^CACkwBgv=JyDFEd]iI[I[I[] ?Z_wI[u ~]E c> j:LIEdI1AHLL
D@N>F?Z> A_ZI ~
>> cT ^:I Bg'v[Q ^?6Jn ^Hx kQ _?@, IK^:AHe> S I?FI[_[D AH` EdE ^:> TT c I[e ?FD ) W BgY:J|B ?Zc A u ` 0^:c > ?@T IKIVv ?@` D#^> > T T ItI[?@h D c >Z2 AHEAHA B c Sa? ``
AC_?FBiIKJAC>FACIKYOJA c LiBtI ^c B> TYDI[?@cD=BI[>F> I[T ?@I BgAH E h:;Iy?ZkA ^T ?FeeD AH` BaAHQ Bg6 J nCg_Q ^B% DFIX>ZAH]iBOI[>F?FEdhNAJ
eI[ACDXjACIVEdD E
>> TT I[I e bX` T L
IVNI[EdDeuI8^CACkBAD^H_ k\T LAC?c ?Fc ^:> Ta>ZvV` Q Y:?@6 ^ n b 7 >Q T % ACI BgbXJT J
Î8_[> A8T
N S ` D1?FI[?FhIK^:_ÊdhY:I#B cE D@c jI[ID
>IKT IS AH, E I[u E}~ke > Tc Bg?@J|^ SIKJY v{T >@>^ T b I AC?Z, J|I[D\E}k ACcEdB/E ` ACACBiEdEaJ#_IV?FIKBOAC>FI[>FIK?@DoJ > LgT II c TB{cYY D T ` I[LgD@I8>_D@^>ZeAH>@I[I D `
D@;_>^:?Zc Bg>A SJT >FS eI[_D AC> ` `B?@AHQ IVBgh6 J nIKAHbXEUQ I8c )JEdEi?@L
> IKbXN A:c_ _2 T/I~ACbXLgB ^:T Sa?@AC`"B/>FbXI[ehc IVEUACE"?B Lg_bXI/^:BgT ACJ Ê cb > ?Fc A8IK^N
_ B cDt>@T IVh D#Itc ?F>J
> T SI[I[D^ D@c S ?FI I[D DKW B
Qc B ~
$#%#&(&4 q .10$#%#&(')a+-,.1032)14#5

Manusmriti

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Manusmriti

Uploaded by

Copyright:

Available Formats



   !"#

^^B{B{II#> ACT Y:^ IS D^HACktBg> JT I/AHYY:I[^D=J

BLg^I> ]cEdeIKAC]D cEdBN/YtACACB

D^_ Tc?1AC^ E> S T DFEs>@IJ

>) TBc D=Y

bX^Ck Tc2_ T3S Bc DyY

cBgACDEdAHEi_>@>EdI#IKT ACJ AH?FS >EU>N1^ N

Au LibX^J c kc IEUNv^CkeI8AC ?FS j

#AAHY jOc ?@D E T ACbXDT A^ ? cc >FDIDFQ EdI[xI[]gcQ BY +`oTc B

eTc eAHBON ebXACj:T I ^ c ACBg?@ I SSc ? Bgc I[A:D_[ I[S h:AI[B(c B

W A >@I8A_ T I[?J S ? c BY> T Ik^ S ?@> T

BBg^:AH>jIKLJ Ed^ b b ^eA AH Ba?F

T?ZA AHc DD@IKLiJI[I[L

&u T{AHc ?@D"EdNLg^c BJ

^C$Xk[T vy^ >S T Y IVT D@I u ` L

>ZAAHLiBj*IKJ Q#` n A9 nDFQIKAC% > `I A bXbT ^I[EdES ` D@AI[D Y

?Z?@IAHbE AHb ?ZA8J

k? I[c >EdEdN1^ b^Ck*~DF^> BS I#J|J{I[B

Lg6K9{IK^:JR?@6 BQ ^)eB>I[; TBa?I A TTJ

cu > L c SI[D >Zvyu ^C> kXT ^> TD@I IbXLg^TJ

T?@u >I[I[TD ?tc ItJ

>DZTA:_I? c}Es A _ b c AHEXJ c h ?FIKc AH_Bg>@D8J

?@> I[T D Ifc J

cc kBY/> T ACI[BgNJACD ?@c I >@> cACB{>@Y>F?ZA:c B_>@IKD@^JE c >L

ACJ ?FS eIN_w^J|B

>@>@?^ ACb BACD?AJ

^CAkX_ > T T ^ Ic _IIK]iJ^A ?F> u c J

kEdIK^A8? h I[DA8`h:^]iS ^?>c~ B{T Y/I[?@kL^

TLg;A8IyS h> ]iII[T Lg?I kIV^:I[bX?@BeT Y^/IKc J hACI[Lgu B bXAH` BgT D J

^nJQ ;>@^S > > 2T IACB^ bS1BT I[AC?1Do^CJ

>@BIVBI[?@DFIe D@I[^Cc D BkI u > kb ?Fc >^^ eS T

kDbX^c T S >^ EUTB{T I[]iD@I[DI8ACJ

Li_^:IK?ZACJ Bc D B` Y/Lg>FAC^?FEUIV> NT `I c EU?yIVI[D@j

I b I[D `:ACD :b I[Ed:EaAC:DX^Ck:CkI[e:AC EdI[D=^Ck\L c ?J

Y> T SIVc D?ZTv*IKY J c h`CI T TACBgc DaJ

LD c ?@^^:B> T e IV?S D@Li>=I[>Y:T I[I[>@B/DALiItDF^eB A:^J

Du TDF^AHBgEdEv Lg` ACIBgY Jyc h^:IVBBI#AHeDAH^BD@>"A:IJgJ _cI[> Edc Ed^I[BiB

D@T ^:A8BahQIyA6 DFx ^QB `W k2 ACACeB S ^BJ

SbX_^:EsTACec?_ voeT ]^:e?FB1^A8]i>@N ^tI[?@T e>NA8AChbXB

D@T^:c DB k` ACLg> ^:T ?@I[B? ` A8^:k>F? I[?oc k\]gACACB

]geACAH> EUc D I[`B

T> T hIACe> bXDACc _wY

>AT #ID T I8ACJ>F?Ac NOklA^?` AHA BgJ ; ?>@A ?TAeJ

>@> ^T ACLg>tI=J ^Cc kiD@>> cT Ed?FEdIKI[JMIXj k?@c Bi^:eJ

N3L S > > T TII1k^:eEdEUA8^ NbXAHc B>@^:YB]gII[kBi^AC?XBg__^IVB|DK~ Q

6 :^ gb Q I[?u c0 B^:Y?]J|EsI[AHD@BO>F?@>F^CD N` c^BB{YOI vT

^]g?ACBibXA#c > T ? cAyj

D@T>Fc ?eS _FL

LAC>FS ^>yBEdIVI[e> I[TB

You might also like

!"#

^^B{B{II#> ACT Y:^ IS D^HACktBg> JT I/AHYY:I[^D=J

BLg^I> ]cEdeIKAC]D cEdBN/YtACACB

D^_ Tc?1AC^ E> S T DFEs>@IJ

>) TBc D=Y

bX^Ck Tc2_ T3S Bc DyY

cBgACDEdAHEi_>@>EdI#IKT ACJ AH?FS >EU>N1^ N

Au LibX^J c kc IEUNv^CkeI8AC ?FS j

#AAHY jOc ?@D E T ACbXDT A^ ? cc >FDIDFQ EdI[xI[]gcQ BY +`oTc B

eTc eAHBON ebXACj:T I ^ c ACBg?@ I SSc ? Bgc I[A:D_[ I[S h:AI[B(c B

W A >@I8A_ T I[?J S ? c BY> T Ik^ S ?@> T

BBg^:AH>jIKLJ Ed^ b b ^eA AH Ba?F

T?ZA AHc DD@IKLiJI[I[L

&u T{AHc ?@D"EdNLg^c BJ

>ZAAHLiBj*IKJ Q#` n A9 nDFQIKAC% > `I A bXbT ^I[EdES ` D@AI[D Y

k? I[c >EdEdN1^ b^Ck*~DF^> BS I#J|J{I[B

Lg6K9{IK^:JR?@6 BQ ^)eB>I[; TBa?I A TTJ

cu > L c SI[D >Zvyu ^C> kXT ^> TD@I IbXLg^TJ

>DZTA:_I? c}Es A _ b c AHEXJ c h ?FIKc AH_Bg>@D8J

cc kBY/> T ACI[BgNJACD ?@c I >@> cACB{>@Y>F?ZA:c B_>@IKD@^JE c >L

ACJ ?FS eIN_w^J|B

>@>@?^ ACb BACD?AJ

^CAkX_ > T T ^ Ic _IIK]iJ^A ?F> u c J

kEdIK^A8? h I[DA8`h:^]iS ^?>c~ B{T Y/I[?@kL^

TLg;A8IyS h> ]iII[T Lg?I kIV^:I[bX?@BeT Y^/IKc J hACI[Lgu B bXAH` BgT D J

^nJQ ;>@^S > > 2T IACB^ bS1BT I[AC?1Do^CJ

>@BIVBI[?@DFIe D@I[^Cc D BkI u > kb ?Fc >^^ eS T

kDbX^c T S >^ EUTB{T I[]iD@I[DI8ACJ

Li_^:IK?ZACJ Bc D B` Y/Lg>FAC^?FEUIV> NT `I c EU?yIVI[D@j

I b I[D `:ACD :b I[Ed:EaAC:DX^Ck:CkI[e:AC EdI[D=^Ck\L c ?J

Y> T SIVc D?ZTv*IKY J c h`CI T TACBgc DaJ

LD c ?@^^:B> T e IV?S D@Li>=I[>Y:T I[I[>@B/DALiItDF^eB A:^J

Du TDF^AHBgEdEv Lg` ACIBgY Jyc h^:IVBBI#AHeDAH^BD@>"A:IJgJ _cI[> Edc Ed^I[BiB

D@T ^:A8BahQIyA6 DFx ^QB `W k2 ACACeB S ^BJ

SbX_^:EsTACec?_ voeT ]^:e?FB1^A8]i>@N ^tI[?@T e>NA8AChbXB

D@T^:c DB k` ACLg> ^:T ?@I[B? ` A8^:k>F? I[?oc k\]gACACB

T> T hIACe> bXDACc _wY

>AT #ID T I8ACJ>F?Ac NOklA^?` AHA BgJ ; ?>@A ?TAeJ

>@> ^T ACLg>tI=J ^Cc kiD@>> cT Ed?FEdIKI[JMIXj k?@c Bi^:eJ

N3L S > > T TII1k^:eEdEUA8^ NbXAHc B>@^:YB]gII[kBi^AC?XBg__^IVB|DK~ Q

6 :^ gb Q I[?u c0 B^:Y?]J|EsI[AHD@BO>F?@>F^CD N` c^BB{YOI vT

^]g?ACBibXA#c > T ? cAyj

D@T>Fc ?eS _FL

LAC>FS ^>yBEdIVI[e> I[TB