showman/publications/volcan-second-revision.pdf! " #$ &%' )(+*, -. /0 21 3 & 46587:9=@?BADC&EF9G7:H IKJML 7ONQPQ9 J HRPFCTSU;WVX7:H PY7ONQZ ?B[]\ HD[J]^ _a` H87ON37:HD5b;.Vc7:H

$Page 1: showman/publications/volcan-second-revision.pdf! " #$ &%' )(+*, -. /0 21 3 & 46587:9=@?BADC&EF9G7:H IKJML 7ONQPQ9 J HRPFCTSU;WVX7:H PY7ONQZ ?B[]\ HD[J]^ _a` H87ON37:HD5b;.Vc7:H$
� � �� !�" � #$�&%'��)(+*,�-�.� � /0�21��3��&��

46587:9<;>=@?BADC&EF9G7:HIKJML 7ONQPQ9 J HRPFCTSU;WVX7:H J PY7ONQZ�?B[]\ J HD[ J]^_a` H87ON37:HD5b;.Vc7:H J Pd7ONQZ _ 7OefC:Nd7OPQC:NQZ

g HD\ih J N ^ \iPjZ�CTSa43NY\ckMCTH87l ` [ ^ CTHnm84�o!pRqTrTsBt

^ ADC�Eu9v7:H@w6V L Vx=y7ONY\zk]CTH87{= J 5 `L ADCTH JO|6} qTs:~R��RsBtM��R~RsBtS�7�� |u} qTs:~R��RsBtM��R�T�T�

�� H87:[M\cC��)C ^Q��`DJ \zNY7� 4�?B4�469 J]^��FJM^QJ 7ONY[dA'� J H�P J NKsO��q��

�)C:� J PQPu�>\ J Vz5nm+��4��:�R~T�Rq

� 7:9 JM^�� =@� J 7:5 �Q��I�J�L 7ONQPY9 J HRPuCTS�� J CTVzC � \c[�7:V ?B[M\ J HD[ JM^

¡ NYC&EuH g HD\zh J N ^ \zPjZ;WNQC�hB\c5 J HD[ J m �¢� ~Rs:�{t�s

�Rp£�'7:H `D^ [�NY\ L P L 7 �TJ]^ m+r ¤ �T` N J]^ m+~ Pd7Oe8V J]^? ` e89�\zPQP J 5�PYC�¥]¦Y§O¨�©�ª IKJ [ J 9e J N6�Gs:~T~T�

�FJ hB\ ^QJ 5 �T` H J t&�Gs:~T~:�D«@? J []CTHD5bN J hB\ ^ \zCTH �T` VzZ't&�-s:~T~:�D=

t

;WNQC L C ^QJ 5�N ` HDHD\cH � A J 7:5 |.�FJM^Q` NYS�7:[]\zH � CTS�� 7:HRZ{9 J 5 J

I \zN J [�PF[]C:N�N J]^�L CTHD5 J HD[ J 7:HD5 L NYC�CTS ^ PYC£4= ;>=@?BADC&Eu9v7:Hb7OP¢PYA J 7:5D5{N J]^Q^ CTH L 7 �TJ t

s

4 VzCTH � � L C L8` Vc7ON 9GCB5 J VWS C:N L NYC�5 ` []\cH � ��7:H�ZB9 J 5 J � ^ eDNY\ � ARPP J N�Nd7:\cH�\zH�hRCTVih J]^�� CBC�5D\cH � CTSVcC&E��VzZB\cH � � Nd7Oe J HGEu\zPQAGVc\ �B` \c5-E�7OP J N�m ^ V `D^ Anm{C:N.E�7ONQ9bm ^ CTSXP�\c[ J = l A J 9GC�5 J V ^Q` � J N ^ SXNYCT9 9v7��C:NL NYC:e8V J 9 ^ m:ADC&E J h J N�mT\cHD[]V ` 5D\cH � PYA J 7Oe ^QJ HD[ J CTSDC:e�h{\zC `D^ H J 7ON�� ^Q` NYS�7:[ J A J 7OP ^ C ` NY[ J]^ m:PYA J H J]� 7OPY\ih Je ` C&Z�7:HD[MZ'CTS.Vc\ �B` \z5'E�7OP J N�ma7:HD5�PYA J VX7:[��)CTS�7�9 J [dA87:HD\ ^ 9 S C:N []CTH{¤8HD\zH � PYA J�� C�E ^ PYC � Nd7Oe J H� CBC:N ^ = ��J L N J]^QJ HRP�H J E�9GC�5 J V ^ S C:NK[MNQZRC&hRCTVc[�7:HD\z[ N J]^Q` NQS�7:[]\cH � PYCvC&h J NY[]CT9 J PYA J]^QJ 5D\�G[ ` ViPY\ J]^ =l \c587:V.A J 7OPY\cH � Eu\zPYAD\zH 7:H 7:HD[M\ J HRP _ 7 L Vc7:[ J ��Vz\� J C:NQe8\iPd7:VWN J]^ CTH87:HD[ J�} ?BADC&EF9G7:H 7:HD5 �'7:VzADC:PQNd7t&�T�RrBmu?BADC�Eu9v7:H J P�7:Vx= t&�T�RrT� L NYC�hB\c5 J]^ 7 L Vc7 `D^ \ze8V J A J 7OP ^ C ` NY[ J mF7:HD5 [MC ` Vc5 7:VcVcC&E L 7ONQPY\X7:V9 J ViPY\cH � PYC�C�[][ ` NK7 û^ A87:VcVzC�E�7 ^ q�� t&~ �B905 J�L PYAn=�� ` N3S�7&hRC:N J 5 9 J [dA87:HD\ ^ 9 S C:N35 J Vz\zh J NQ\cH � PYAD\ Ê�7OP J N¢PQC£PYA J�^Q` NYS�7:[ J \zH�hRC�� J]^ PYA J S�7:[MP¢PYA87OP�PYC L C � NY7 L A�Z�� ^Q` [dA 7 ^ 7 � VcC:e@7:V ^QJ P¢CTS � Nd7Oe J H��[�7 `D^QJMû^Q` e ^�` NYS�7:[ J L N J]^Q^Q` N J�� Nd7:5D\ J H�P ^ PQA87OP�[�7:H L8` 9 L E�7OP J N¢C:N ^ V `D^ A `{L E�7ONY5�CTH�PYCPYA J�� C�C:N ^CTSnPYC L C � NY7 L AD\c[3VzC�E ^K}x� Nd7Oe J H@�W5 J]^�L \zP J PYA J H JM� 7OPY\zh J e ` C&Z�7:HD[MZvCTSnPYA J Vc\ ��` \c5n= l A J]^QJ6J N `{L PQ\cCTH ^[�7:HGC�[][ ` N�CTHDViZ-Eu\zPQAD\cH-PQA J PYC L C � NY7 L AD\c[FVzC�E ^ «�S ` NQPYA J NY9�C:N J m{7 ^ PYA J VzC�E 7ON J 7 ^ e J []CT9 J S ` VzV m�PYA JL N J]^�^Q` N J � Nd7:5D\ J HRP ^ 5D\ ^ 7 LDLfJ 7ON37:HD52PYA J N J]^Q` NYS�7:[]\zH � [ J 7 ^QJM^ = l AD\ ûL NQC�hB\c5 J]^ 7:H J � L Vc7:H87OPY\cCTH�S C:NPYA J C:e ^�J NQh J 5 ^ P�Nd7:\ � ARP 587ON�� eDNY\ � A�P P J NQNY7:\cH!e+C ` HD587ONY\ J]^M| E�7OP J N [�7:HDHDC:PC&h J N � C&E PQA JG� Nd7Oe J Hnm^ C£N J]^Q` NYS�7:[M\cH � Nd7ON J VzZ J 9e@7&Z ^ [�Nd7OP J N ^ C:NFC:PQA J NFNYC `D� A�PYC L C � NY7 L A�ZR= ; ` N J Vc\ �B` \c5�E�7OP J N3[�7:H2e JL8` 9 L+J 52PYC PYA J ^�` NYS�7:[ J SXNQCT9 CTHDViZbq�� t&~��{9�5 JML PYAnm8e ` P39v7:[MNQC ^ []C L \c[6e+CB5D\ JM^ CTS ^ V `D^ A 7 ^ [ J HD5B�\cH � Eu\zPQAD\cH SXNd7:[MP ` N J]^ [�7:H�N J 7:[dA�PYA J�^Q` NYS�7:[ J SXNYCT9 9 ` [dA � N J 7OP J N5 JML PYA ^ 5 `DJ PYCbPYA Jv^ 9G7:VcV J NH J]� 7OPY\ih J e ` C&Z�7:HD[MZ�CTS ^ V `D^ An=G4�[dA87:VzV J H �TJ S C:N PYA J]^�J 9GCB5 J V ^ \ ^ PYA J�^ ADC:N�P L N J 5D\c[MP J 5 � Nd7&hB\zPd7��PY\zCTH87:V8N J VX7��D7OPY\cCTH PY\c9 J]^ [�7:V J CTS+PQC L C � Nd7 L AD\z[uS J 7OP ` N J]^ 7OPWAD\ � AGA J 7OP � C&E ^ «�PYA J N J]^Q` NYS�7:[]\zH � 9 `D^ PCB[M[ ` N-e J S C:N J PYA J�� NY7Oe J H PYC L C � Nd7 L ARZ 5D\ ^ 7 LDL+J 7ON ^ = ��J 7:V ^ C J hO7:V ` 7OP J 7:VzP J NYH87OP J N J]^Q` NQS�7:[]\cH �9 J [dA87:HD\ ^ 9 ^ m ^Q` [dA27 ^�L8` 9 L \zH � CTS Vz\ ��` \c5�E�7OP J N�PYC PYA J6^Q` NQS�7:[ J e�ZGPQA J NY9v7:V J � L 7:H ^ \cCTH ^ PQN JM^Q^QJ]^7:HD5�e ` C�Z�7:HRPuNQ\ ^QJ CTS E�7OP J N�PYA{NYC `D� A�7 ^ \cVz\c[�7OP J ��[]CTHRPd7:9G\zH87OP J 5�[MN `D^ P¢PYA87OP�\ ^ 5 J H ^QJ NFPQA87:H�Vz\ �B` \z5E�7OP J N�m@7:HD5b[]CTHD[]V ` 5 J PYA87OP¢PYA J Z�7ON J ` HDVc\� J VzZvPYC J � L Vc7:\cH ��7:H�ZB9 J 5 J � ^ eDNQ\ � ARPuP J NQNd7:\cHn=

��J ZBE�C:NY5 ^]| ?{7OP J VzVc\iP J]^ CTS �R`{L \iP J N�«F� 7:HRZ{9 J 5 J «�hRCTVc[�7:HD\ ^ 9b«�PY\c5 JM^ m ^ CTVc\z5 efC�5{Zf« ^Q` NYS�7:[ JM^ m^ 7OP J VcVc\iP J =

�

��

� C�Z�7 �TJ N£7:HD5 � 7:Vz\cV J C)\c9v7 �TJ]^ A87&h J�^ ADC&EFH PYA87OP�� 7:HRZ{9 J 5 J m PQA J�^ CTVX7ON ^ Z ^ P J 9 � ^ VX7ON �TJM^ P^ 7OP J VcVc\iP J m J � LfJ NY\ J HD[ J 5 7 h{\cCTV J HRP �TJ CTVcC � \z[�7:VFAD\ ^ PYC:NQZR= 43e+C ` P��Rq�� CTS � 7:HRZ{9 J 5 J \ ^ []C&h J N J 5Eu\zPYA 7:HD[]\ J HRP�muA J 7&hB\cVzZ [MNd7OP J N J 5 587ON�� P J NQNd7:\zH PYA87OP ^Q`{L+J NQ¤8[]\c7:VcVzZ N J]^QJ 9 e8V J]^ PYA J �TJ CTVzC � \c[�7:VzVzZ5 J 7:5 ^Q` NYS�7:[ J CTS �¢7:VzVc\ ^ PYCD= l A J N J 9v7:\zHD\cH � �Rq��m¢ADC&E J h J N�mu[]CTH ^ \ ^ P ^ CTS6eDNY\ � ARPvP J NQNY7:\cH EF\iPYAN J Vc7OPY\zh J VzZ-VcC&E$[MNd7OP J N�5 J H ^ \iPY\ JM^ PQA87OP�\cHD5D\z[�7OP J]^ PYA J C�[][ ` NQN J HD[ J CTSa7 9G7 ��C:N �TJ CTVcC � \z[�7:V `{L A J 7&hO7:V} ;�7 LDL 7:Vc7ONY5DC J P�7:V =�s:~T~:�Dm ?BADC&Eu9v7:H)7:HD5��'7:VzADC:PQNd7 t&�T�T�{m+�)[ � \cHDHDCTH!7:HD5�;�7ONY9 J H�PQ\ J Nt&�TpT�{m��CTVcVc\zH ^�J Pb7:Vx= s:~T~T~R��m LfJ NQA87 L8^ 7 ^ N J [ J HRPYVzZ 7 ^ tU��7 7 � C } o 7:ADHDV J�J P 7:V =<t&�T�TpR��= � H 9GC ^ PL VX7:[ J]^ PQAD\ ^ eDNY\ � ARP�P J NQNY7:\cH�\ ^ A J 7�h{\cViZ � NYC�C�h J 5�7:HD5�P J [MPYCTHD\zk J 5 } �>\ � =ft��= � HD5D\zhB\c5 ` 7:VfN JM^Q` NYS�7:[ J 5` HD\zP ^ Eu\zPYAD\zH2eDNY\ � ARPFP J NQNd7:\zHb7ON J P Z L \c[�7:VzVzZ��t&~T~ �B9 EF\z5 J m8EFA J N J 7 ^ PYA J � NYCBC&h J]^ Eu\zPQAD\cH�PQA J]^QJ` HD\zP ^ 7ON J � t � t&~��{9,Eu\c5 J)} ?BADC J 9v7 � J N J P 7:Vx= t&�TpRsBm ;�7OP J V J P 7:Vx= t&�T�T�R��= l A J 9 J [dA87:HD\ ^ 9 ^PYA87OP N JML VX7:[ J 5 PQA J 7:HD[]\ J H�P 587ON��P J NQNY7:\cH Eu\zPYA eDNY\ � A�P P J NQNd7:\zH 7:HD5�5 J S C:NY9 J 5 \iP Eu\zPYA � NQCBC&h J]^7ON J L CBC:NYViZ ` HD5 J N ^ PYC�CB5)7:HD5bN J�L N J]^QJ HRPKCTH J CTSUPYA J 9GC ^ PF\c9 L C:NQPd7:HRP ` H ^ CTVih J 5 L NYC:e8V J 9 ^ \zHb\c[�Z^ 7OP J VcVc\iP JK�TJ CTVcC � ZR=

l A J¢L N J h:7:\zVc\zH �� C�Z�7 �TJ N�� J NY76hB\ J E E�7 ^ PYA87OP�eDNY\ � ARP�P J NQNd7:\zH-S C:NQ9 J 5 e�Z � CBC�5D\cH � CTS+7 � VcC:e@7:V^QJ P CTS � Nd7Oe J H � \x= J =zmaVzC�E��ViZ{\cH � m S�7 ` VzP�� efC ` HD5 J 5 e8VcCB[�� ^ L NYC�5 ` [ J 5 e�Z!Vz\zPYADC ^�L A J NY\c[ J �{P J H ^ \cCTH� Eu\zPYA2Vc\ ��` \c5�E�7OP J N�m ^ V `D^ Anm+C:NuE�7ONY9bm ^ CTSXP6\z[ Jv} ��CTVcCT9e J ��7:HD5 46VcVc\ ^ CTH!t&�Tp{tTm8;�7ONY9 J H�PQ\ J N J P7:V ='t&�TpRsBm � ` NY[dAD\ J�J P 7:V ='t&�TpT�R��= l AD\ ^ 9GC�5 J VWH87OP ` Nd7:VcViZ J � L VX7:\zH ^ PYA J AD\ � A 7:Vie J 5DC)7:HD5�VzC�E[MNd7OP J N35 J H ^ \zPY\ J]^ CTS eDNY\ � A�P3P J NQNd7:\zHn= ¡�J [�7 `D^QJ PYA J [MNQZRC&hRCTVc[�7:HD\z[ � C&E ^ E�C ` Vc52P J NY9G\cH87OP J 7 � 7:\zH ^ PPYA J S�7 ` VzP ^ [�7ON L8^ m�\zP.7:V ^ C J � L Vc7:\cH ^ PQA J S�7:[MPWPYA87OPWeDNQ\ � ARP��587ON��£P J N�Nd7:\cH�e+C ` HD587ONY\ JM^ 7ON Ju^ A87ON L 7:HD55DC HDC:P J 9e@7&Z L N JMJ �D\ ^ PY\cH � PYC L C � Nd7 L ARZ EF\iPYAD\cH£PYA J 587ON �£P J NQNd7:\zH } �>\ � =Dt�� = ? ` [ Av[�NQZRC�hRCTVz[�7:HD\ ^ 97:V ^ C L NYC�hB\c5 J]^ PQA J e J]^ P J � L Vc7:H87OPY\cCTHvS C:N�C:e ^�J NQhO7OPY\cCTH ^ PYA87OP ^ CT9 J Vz\ � ARPYVzZ£P J [MPQCTHD\ck J 5vN JM^Q` NYS�7:[ J 5VX7:H JM^ CTS+Eu\c5{PYA��$�T~ � t&~T~��{9 7ON J � 7OP�m�ADC:NQ\ck]CTHRPd7:V mB7:HD5vVc\ J t �{s �{9 VcC&E J NWPYA87:HGPYA J3^Q` N�NYC ` HD5D\cH �P J N�Nd7:\cH } ?B[dA J H � J P 7:Vx=�s:~T~{tTm ?BADC J 9v7 � J N J P 7:V =�t&�TpRsT�K7:HD5'PYA87OP�ZRC ` H � eDNY\ � A�P�� P J NQNY7:\cH Vc7:H J]^^ CT9 J PY\c9 JM^ J 9e@7�Z NY\z5 �TJ]^ 7:HD5PQNYC `D� A ^ CTH 7:5��7:[ J HRP CTVc5 J N>eDNQ\ � ARP>P J NQNd7:\zH ^�} ?B[dA J H � J P>7:V =�s:~T~{t��=

��! #"�$ ��% $&"�$

�

�6\ � AB� N J]^ CTV ` PY\zCTH � 7:Vz\cV J C \c9v7 �TJ]^ A87�h J N J C LfJ H J 52PYA J 5 J e@7OP J 7OefC ` P¢eDNY\ � ARP�� P J NQNd7:\zH2S C:NY9v7��PY\zCTH�9 J [dA87:HD\ ^ 9 ^ = 46ViPYADC `D� A�7S J E \ ^ CTVX7OP J 5�[MN�ZRC�hRCTVz[�7:HD\c[ � C&E S J 7OP ` N J]^ A87&h J e JMJ H25D\ ^ []C&h J N J 5} ?B[dA J H � 7:HD5 �)CBC:N J t&�T�RqBmU� J 7:5 J P 7:Vx=Wt&�T�Tp{m>?B[ A J H � J P 7:V =2s:~T~{t��m PQA J N J \ ^ Vc\zP�PYV J-J h{\z5 J HD[ JS C:N ` e8\ �B` \iPYC `D^ hRCTVz[�7:HD\c[£VX7:HD5DS C:NY9 ^ CTH ��7:H�ZB9 J 5 J =-� ` N�PYA J NY9GC:N J m ^QJ h J Nd7:V>N J]� \zCTH ^ EuA J N J \zHB�P J H ^�J P J [MPQCTHD\ ^ 9 [�7 `D^QJ 5�5 J]^ P�N ` [MPY\zCTHvCTS ` HD5 J NYVzZB\cH � [�Nd7OP J N ^ C:N�eDNY\ � ARP.P J NQNd7:\zHGA87&h J e J]J H�S C ` HD5} ;�7 LDL 7:Vc7ONY5DC)7:HD5 ��CTVzVc\zH ^ t&�T�T�{m ;�7 LDL 7:Vc7ONY5DC J P 7:Vx=�t&�T�TpR��= l A J P J [MPQCTHD\c[�7:VzVzZ'N J]^Q` NYS�7:[ J 5 7ON��J 7 ^��TJ H J NY7:VcVzZ J �DAD\ie8\zP�H ` 9 J NYC `D^ PQNQ\X7:H �T` VX7ON.NY\c5 �TJ]^ 7:HD5vPQNYC `D� A ^ CTS �tM� �{9 E�7&h J V J H � PYAnm{EuAD\c[dAL NYC:e@7Oe8ViZ N J]^Q` ViP J 5!SXNQCT9 PQ\cVzP�� e8VcC�[�� HDC:NY9v7:VaS�7 ` VzPY\zH � PYA87OP�[�7 `D^�J 5!PYA J 5 J]^ P�N ` [MPY\zCTH!CTSWPQA J L N J �J �{\ ^ PY\zH � Vc7:HD5DS C:NY9 ^6} ;�7 LDL 7:VX7ONY5DC J P�7:V =�t&�T�Tp{m�;�7 LDL 7:VX7ONQ5DC7:HD5��CTVzVc\zH ^ t&�T�T�R��= l A J]^QJ C:e ^QJ NQhO7��PY\zCTH ^ A87�h J V J 5 PYCKPYA J�^Q`D�T�TJ]^ PY\zCTH-PYA87OP�P J [MPYCTHD\c[�N JM^Q` NYS�7:[]\zH � 9v7�ZA87�h J e J]J H-Eu\c5 JM^�L N J 7:5nm�A J HD[ J9G\iPY\ � 7OPY\zH � C:NKN J 9GC&h{\zH � PYA J H J [ JM^Q^ \zPjZ�CTSW[�NQZRC�hRCTVz[�7:HD\ ^ 9 } � J 7:5 J P 7:Vx=vt&�T�RrBm s:~T~RsB« ; NYCB[��BP J Ns:~T~{tT« ;�7 LDL 7:VX7ONY5DC J P 7:V =s:~T~:��= ¡�` P�9v7:HRZbN J]^�` NYS�7:[ J 5!P J NQNd7:\zH ^ 7ON J N J VX7OPY\ih J VzZ ^ 9GCBC:PYAnm ^Q`D� ��TJ]^ PQ\cH � PQA87OP�PQA J Z'A87&h J e J]J H�CTHDVzZ'Vc\ � A�PQVzZbP J [MPYCTHD\ck J 5 } �>\ �T^ =vt �{sT��m 7:HD5!P J [�PYCTHD\c[ N J]^Q` NQS�7:[]\cH �A87 ^ 5D\��[ ` VzPjZ J � L VX7:\cHD\zH � PQA J]^QJ N J]� \zCTH ^�` HDV J]^Q^ [MNQZRC&hRCTVc[�7:HD\ ^ 9 CB[M[ ` NQN J 5 []CTHD[ ` NQN J H�PQVzZ EF\iPYAPYA J P J [�PYCTHD\ ^ 9 }xJ = � =cmn�K7ON L 7 � \X7�? ` Vc[ `D^ « ^QJ]J � J 7:5 J P 7:V = s:~T~RsT��= l A J N J S C:N J ma7�9 J [ A87:HD\ ^ 9 S C:N[MNQZRC&hRCTVc[]7:HD\ ^ 9<\ ^¢^ PY\zVcV H J]J 5 J 5n=

�6C&E J h J N]mUPYA J N J 7ON J 9v7��C:N 5D\�G[ ` ViPY\ JM^ \cH ` HD5 J N ^ Pd7:HD5D\cH � ADC&E Eu\c5 J]^�L N J 7:5 [MNQZRC&hRCTVc[�7:HD\z[N J]^�` NYS�7:[]\cH � [�7:H C�[][ ` N�= _ \ �B` \z5 E�7OP J N-\ ^ 5 J H ^QJ N-PYA87:H \z[ J m ^ C!7:HRZ Vc\ ��` \c5 L NYCB5 ` [ J 5 7OP J h J H^ A87:VzVcC&E<5 JML PYA ^ Eu\cVzV LfJ NY[]CTVX7OP J 5DC&EFHRE�7ONY5nm�7&E�7�Z SXNYCT9 PYA J�^Q` NYS�7:[ J m�7:HD5 e J�` H87&hO7:\cVc7Oe8V J S C:NhRCTVc[]7:HD\c[�N J]^Q` NYS�7:[M\cH � = l AD\ ^ []CTHRPQNd7 ^ P ^ Eu\zPQA-PYA J¢^ \zP ` 7OPY\cCTH-CTH-P J N�N J]^ PQNQ\X7:V L VX7:H J P ^ m�EuA J N Ju^ \cVz\c[�7OP J9 J ViPU\ ^ V J]^�^ 5 J H ^QJ PYA87:H PYA J.^ CTVc\z5 7:HD5 hRCTVc[�7:HD\ ^ 9 [�7:H C�[][ ` NUN J VX7OPY\ih J VzZ J 7 ^ \zVzZR=U� ` NQPYA J NY9GC:N J m�PYA JL NY\z9v7ONQZ-9 J VzP�� L NYC�5 ` [MPY\cCTH�9 J [ A87:HD\ ^ 9 CTH � 7ON�PYA�� L N J]^Q^Q` N J � N J V J 7 ^QJ 9 J VzPQ\cH � 7 ^Q^ CB[]\c7OP J 5vEF\iPYA7:5D\X7Oe@7OPQ\c[-7 ^ [ J HRPCTS�9v7:HRPYV J 9G7OP J NY\c7:VUPYC�E�7ONY5!PYA J-^Q` NYS�7:[ J � \ ^ \c9 L C ^Q^ \ze8V J CTH!\c[MZ ^ 7OP J VcVc\iP J]^ =l A J 5 J [�N J 7 ^QJ \cH£\c[ J � 9 J ViPY\cH � P J 9 L+J Nd7OP ` N J Eu\zPQA-\zHD[MN J 7 ^ \zH � L N JM^Q^Q` N J \cH ^ P J 7:5�[�7 `D^QJM^�� ¨��.CTSL 7ONQPY\c7:VcViZv9GCTVzP J H�\z[ J 7:5{h J [MP J 5�PYC�E�7ONY52PYA J�^Q` NYS�7:[ J =.46VzPQADC `D� A�PYAD\ ^ SXN JMJ k]\cH � \ ^ \cHD[]CT9 L V J P J S C:NVX7ON �TJ 9 J VzP¢SXNd7:[MPY\zCTH ^} ��t�� SXN J]J k]\cH � C�[][ ` N ^ S C:N J h J N�Z�t&~��{9 CTSU7:5D\X7Oe@7OPY\z[ 7 ^ [ J H�Pd��m \iP J H ^Q` N J]^PYA87OP�9 J VzP�[�7:H£H J h J N�e J�L NYC�5 ` [ J 5-e�Z£7:5D\X7Oe@7OPQ\c[�7 ^ [ J H�P.7:VcCTH J mR7 ^ C�[][ ` N ^ CTH£P J NQN J]^ PQNY\X7:V L VX7:H J P ^ =

q

4 ^ PQNQCTH � ^ C ` NY[ J CTS�\zH�P J NYH87:V.A J 7OPQ\cH � \ ^ \zH ^ P J 7:5 N J]�B` \iN J 5�PYC L NYC�5 ` [ J Vc\ �B` \c5�E�7OP J NH J 7ONPYA J^Q` NYS�7:[ J =

��! #"�$�� % $&"�$

l A J]^QJ�L NYC:e8V J 9 ÛLfJ N ^ \ ^ P J h J H£EuA J H-7:VzP J NYH87OP J []CT9 L C ^ \zPQ\cCTH ^ 7ON J []CTH ^ \c5 J N J 5n=.��7:H�ZB9 J 5 J � ^\c[ J 9v7�Z�[]CTHRPd7:\zH ^ 7:VzP ^ m�e ` P�S C:N L Vc7 `D^ \ze8V J []CT9 L C ^ \zPY\zCTH ^ m ^ 7:VzPjZ�Vz\ ��` \c5�E�7OP J N�\ ^.^ PY\cVzV 5 J H ^QJ N�PYA87:H^ 7:ViP Z \c[ J CTS PYA J ^ 7:9 J []CT9 L C ^ \zPQ\cCTH } � 7ON �TJ V£t&�T�{t��=<46HD5 7:VzPQADC `D� A 7 J]` P J [�PY\c[�7:9�9GCTHD\X7��E�7OP J N 9 J VzP \ ^ 7:Vz9GC ^ P H J]` PQNd7:VzVzZ!e ` C&Z�7:HRPN J VX7OPQ\zh J PYC \z[ J'} ��NYCTSXP J P£7:Vx=!t&�TpTpR��m>� 7:HRZ{9 J 5 J \ ^` HDVc\� J VzZ£PYCA87�h J S C:NY9 J 5GEF\iPYA ^Q` ��[]\ J HRP¢7:9G9GCTHD\c7KPQC 7:VcVcC&E 9v7 ^Q^ \ih J 7:9G9�CTHD\X7�� E�7OP J N � CBC�5D\cH �CTSUPYA J ^�` NYS�7:[ J =3465D5D\iPY\cCTH CTS ^ 7:VzP ^ C:N37:9G9GCTHD\c7-[�7:H VzC�E J N3PYA J SXN J]J k]\cH � P J 9 LfJ Nd7OP ` N J m8e ` P6PYA JL A J HDCT9 J HDCTHbCTS L N J]^�^Q` N J � N J V J 7 ^QJ SXN J]J kM\cH � N J 9v7:\cH ^ } �6C �TJ HRefC�CT9 J P37:Vx=ut&�T�RqBmnt&�T�RrT� =

4 9 J [dA87:HD\ ^ 9 S C:N L NQCB5 ` []\zH � 7:HD5�PQNd7:H ^�L C:NQPY\cH � 9v7 ^�^ \zh J 7:9GC ` HRP ^ CTS Vc\ ��` \c5vE�7OP J N�m ^ V `D^ AnmC:N ^ CTSXPb\z[ J CTHRPYC PQA J!^Q` NYS�7:[ J \ ^ 7 H J [ J]^Q^ 7ONQZRm6e ` P2HDC:P ^Q` ��[]\ J H�P�mK[]CTHD5D\iPY\cCTH S C:N J � L VX7:\zHD\cH �� 7:HRZ{9 J 5 J � ^ eDNY\ � A�P P J NQNd7:\cH�e�Z [MNQZRC&hRCTVc[�7:HD\z[ L NYCB[ J]^Q^QJ]^ = � H 7:5D5D\iPY\cCTHnm>PYA J 9 J [dA87:HD\ ^ 9 9 `D^ PJ � L VX7:\cH-ADC�E PQA J hRCTVz[�7:HD\c[ � CBC�5 ^ E J N J [MCTH{¤8H J 5 ^ C [MCT9 L V J P J VzZ PQC � Nd7Oe J H � C�C:N ^ � 7 ^ N J]�B` \iN J 5PYC J � L VX7:\cH PYA J �TJ H J Nd7:VcViZ ^ PQNd7:\ � A�PK587ON �� eDNQ\ � ARP6P J NQNd7:\zH'e+C ` HD587ONY\ JM^ PQA87OP�7ON J H J 7ONYVzZ ` HD\zh J N ^ 7:VCTH ��7:H�ZB9 J 5 J = l E�C ^�L+J []\z¤8[ []CTHD5D\zPQ\cCTH ^ 9 `D^ P�e J 9 J P |} t�� =u46ViPYADC `D� A!PYA JGJ N `{L PY\cCTH ^ 9 `D^ P e J�J � `D^ \ih JGJ HDC `D� A�PYC ^�` e89 J N �TJ [MNd7OP J N ^ CTH PYA JG� Nd7Oe J H

� C�C:N ^ m�PYA J Z 9 `D^ P£HDC:P£C�h J N � C�E PYA J�� Nd7Oe J H � C:PYA J NQEF\ ^QJ mW[ A87:C:PQ\c[veDNY\ � ARP�� 587ON��P J NQNY7:\cHe+C ` HD587ONY\ J]^ PYA87OP J 9e@7�Z�PYC L C � Nd7 L ARZ�E�C ` Vc5be J L NYC�5 ` [ J 5n= � �{PQN J 9 J VzZ�S J E ^�` [ A)S J 7OP ` N J]^7ON J C:e ^QJ NQh J 5 CTH ��7:H�ZB9 J 5 J mUADC&E J h J N } 46VcVz\ ^ CTH�7:HD5 ��Vc\i�fC:NY5 t&�TpRrT��= l AD\ ^ ^Q`D�T�TJ]^ P ^ PYA JJ �{\ ^ P J HD[ J CTSF7 ^ A ` P�� C:� 9 J [dA87:HD\ ^ 9 PYA87OP£P J NY9�\cH87OP J 5 PYA J�J N `{L PY\zCTH ^ e J S C:N J PYA J2� Nd7Oe J HC&h J N � C&E J 5n=

} sT� = � C:P6CTHDViZ29 `D^ P � Nd7Oe J Hbe J�� CBC�5 J 5nm+e ` P3PYA J ��¨ ©�� &¦Y§�� Dª�9 `D^ P3e J L N J 5DCT9G\cH87:HRPYVzZ[]CTH{¤8H J 5GPYC PYA J¢� Nd7Oe J H � CBC:N ^ =>46H�Z£9 J [ A87:HD\ ^ 9 PYA87OP�7:VzVcC&E ^�J N `{L PY\cCTHGCTS [MNQZ�hRCTVc[�7:HD\z[u9v7��P J NY\X7:V ^ Eu\zPQAD\cHPYC L C � NY7 L AD\c[�AD\ � A ^ \ ^ \zHD[]CTH ^ \ ^ P J HRPWEu\zPYA C:e ^QJ NQh:7OPQ\cCTH ^ mTe J [�7 `D^QJ PYA JuJ N `{L P J 59v7OP J NY\X7:V ^ E�C ` Vc5 � C&E 5DC�EuHDAD\cVzV@PYC&E�7ONY5-PYC L C � Nd7 L AD\z[uVzC�E ^ m�V J 7�h{\zH � NY\zVcV JM^ C:N.C:PYA J N�C:e�h{\zC `D^� C&E 9G7ON��{\zH �T^�} EuAD\c[dA 7ON J [MCT9G9GCTH CTH PQA J P J NQN J]^ PQNY\c7:V L Vc7:H J P ^ e ` P�7Oe ^�J H�P�CTH£��7:H�ZB9 J 5 J � ^

�

587ON��vP J NQNd7:\zH@��= � A87OP¢\ ^ H JMJ 5 J 5b\ ^ 7£9 J [ A87:HD\ ^ 9 PYA87OP¢7:VzVcC&E ^ hRCTVz[�7:HD\c[ J N `{L PY\cCTH ^ \cHvPYC L CO�� Nd7 L AD\z[ VzC�E ^ e ` PF5D\ ^ [MC ` Nd7 �TJ]^ PQA J 9 EF\iPYAD\cH�PYC L C � Nd7 L AD\z[ AD\ � A ^ =

4 e ` C�Z�7:HRP 9 J VzP6[MC ` Vc5 L N J]^Q` 9v7Oe8ViZ NY\ ^QJ PYC�PYA J ^Q` NYS�7:[ J 7:HRZBEuA J N J m ^ C�CTH J 9�\ � ARP�7ON �T`DJ PYA87OPPYA J C:e ^QJ NQh:7OPQ\cCTH ^ 7ON J e JM^ P J � L Vc7:\cH J 5Eu\zPYA£769 J ViPUPYA87OP�\ ^ 5 J H ^QJ N�PYA87:H PYA J�^ CTVc\z5 } 46VcVz\ ^ CTHvt&�TpRsT��=l AD\ ^ 7ON �T` 9 J HRP \ ^ \cHD[MCT9 L V J P J maADC&E J h J N�mae J [�7 `D^QJ HDC L VX7 `D^ \ie8V J 9 J [dA87:HD\ ^ 9 S C:N PQNY7:H ^�L C:NQPQ\cH �VX7ON �TJ �B` 7:HRPY\iPY\ J]^ CTS>5 J H ^QJ 9 J VzPuCTH�PYCv� 7:HRZ{9 J 5 J � ^3^Q` NQS�7:[ J A87 ^ e J]J H L NYC L C ^�J 5nm+HDC:N6\ ^ \iP3[]V J 7ONEuA�Z�PYA J J N `{L PY\zCTH ^ E�C ` Vz52e J []CTH{¤8H J 5bPYC � Nd7Oe J H � CBC:N ^ =

46ViPYADC `D� A ��7:H�ZB9 J 5 J [ ` NQN J HRPYVzZ J � LfJ NQ\ J HD[ JM^ H J]� Vc\ � \ze8V J PY\z587:V6A J 7OPY\zH � } 5 `DJ PQC \iP ^ VzC�EC:NQe8\iPd7:V J [M[ J HRPQNY\c[M\zPjZ CTS ~{=y~T~{t�qT��m¢��7:H�ZB9 J 5 J � ^vJ [][ J HRPQNY\z[]\zPjZ 9G7&Z A87&h J e J]J H AD\ � A J HDC `D� A \cHPYA JvL 7 ^ P S C:N PY\z587:V.A J 7OPY\zH � 7:HD5 �8J �{\cH � PYC 5{NY\ih J \zH�P J NYH87:V�7:[MPQ\zh{\iPjZR= l AD\ ^ A J 7OPY\cH � 9G\ � A�P7:\c5S C:NY9v7OPQ\cCTH�CTSfeDNQ\ � ARP.P J N�Nd7:\cHv7:HD5 J � L VX7:\zH�EuA�Zv� 7:HRZ{9 J 5 J � ^.^�` NYS�7:[ J 5D\z� J N ^�^ C 5{Nd7 ^ PY\z[�7:VcViZ�SXNQCT9��7:VcVc\ ^ PYC � ^ =>?BADC&EF9G7:H 7:HD5£�'7:VzADC:PQNd7 } t&�T�RrT� 7:HD5 ��7:VzADC:PQNd7 } t&�T�{t�� 5 J]^ [MNQ\ze J PQA J 9GC ^ P L Vc7 `D^ \ze8V J^ [ J H87ONY\cCDmR\cH£EFAD\z[dA � CDm �.` NYC L 7{m�7:HD5G� 7:HRZ{9 J 5 J�L 7 ^Q^ PYA{NYC `D� A-7 _ 7 L Vc7:[ J ��Vz\� J N J]^ CTH87:HD[ J e J S C:N JJ hRCTVih{\cH � \zH�PQC PQA JbL N J]^QJ HRPYViZ C:e ^QJ NQh J 5 _ 7 L VX7:[ J N JM^ CTH87:HD[ J = l A JM^QJ)_ 7 L Vc7:[ J ��Vz\� J N JM^ CTH87:HD[ J]^[]C ` Vz5 L8` 9 L � 7:HRZ{9 J 5 J � âJ [][ J H�PQNQ\c[]\iP Z PYC �$~�� ~{t �B~{=y~:�¢5 JMLfJ HD5D\zH � CTH PYA J PY\z587:V�� CTS@� 7:HRZ{9 J 5 J7:HD5 �T`{L \iP J N�m L NYCB5 ` [M\cH � 9 J 7:H-A J 7OPY\cH � `{L PYC�� t&~�� 7:HD5£PY\c587:V �8J �D\cH ��^ PQN J]^Q^QJ]^.`{L PYC 7Ke@7ON]=?BADC&EF9v7:H J P 7:Vx= } t&�T�RrT�a[]C `{L V J 5-7:H-\zH�P J NY\cC:N�9GC�5 J VBCTS ��7:H�ZB9 J 5 J PYC6PYA J C:NQe8\iPd7:V J hRCTV ` PY\cCTH 7:HD5^ ADC&E J 5'PYA87OP6PYA J 7:HD[]\ J H�PKPY\z587:VUA J 7OPY\zH � [MC ` Vc5'[�7 `D^QJ S C:NY9v7OPY\zCTH CTS.7v9v7 ^Q^ \zh J \zH�P J NYH87:V>CB[ J 7:Hnm^ 7OP J VcVc\iP J3J � L 7:H ^ \cCTH `{L PYC � t��mD7:HD5�[]CTH ^QJ]��`DJ HRPFVz\zPYADC ^�L A J NY\c[65 J S C:NQ9v7OPY\cCTH }xJ = � =cm L NYCB5 ` [�PY\cCTHCTS � NY7Oe J H@��=

��! #"�$�� % $&"�$

�@C:N¢[MNQZRC&hRCTVc[�7:HD\z[KN J]^Q` NYS�7:[]\zH � m@PQA J � J Z J � J [�PFCTS PY\c587:VnA J 7OPQ\cH � \ ^ PYA J Vc\� J VzZ L NYC�5 ` [MPY\zCTH2CTSH J 7ON�� ^Q` NYS�7:[ J Vc\ ��` \c5�E�7OP J N�m ^ V `D^ Anm@C:NuE�7ONQ9bm ^ CTSXP3\z[ J = �>\ �T` N J � ^ ADC&E ^ PYA J ^ P J 7:5{Z�� ^ Pd7OP J J [M[ J HB�PQNY\z[]\zPQ\ J]^ 7:HD5!PY\z587:V>5D\ ^Q^ \ L 7OPY\zCTH�Nd7OP JM^G}xJ � L N J]^�^QJ 5�7 ^ �8` � J]^ PYA{NYC `D� A�� 7:HRZ{9 J 5 J � ^�^Q` NYS�7:[ J �KS C:NPYA{N JMJ 5D\z� J N J HRP6N J]^ CTH87:HD[ JM^ SXNYCT9 ?BADC&EF9v7:Hb7:HD5'�'7:VzADC:PQNd7 } t&�T�RrT� = � S �T`{L \zP J N � ^ PQ\c587:V 5D\ ^Q^ \ L 7��PY\zCTH�S�7:[MPYC:N]m��8m�\ ^ H J 7ON�\iP ^ PY\c9 J �j7�h J Nd7 �TJ 5-VcC&E J NWVc\c9�\zP�CTSn� ��t&~�� } �KCTVc5{N J \c[dAv7:HD5�?BC:P J NFt&�T�T�R��mPYA J H PQ\c587:Vi� A J 7OPY\zH � �8` � J]^ [MC ` Vc5�A87�h J N J 7:[dA J 5 pT~ 9 � 9�� = � H 7b[]CTHD5 ` [MPY\ih J \c[ J�^ A J VcV EF\iPYA

r

7 ^Q` NQS�7:[ J P J 9 LfJ Nd7OP ` N J CTS�t�s:~ � 7:HD5 7-PYA J NY9v7:V []CTHD5 ` [MPY\ih{\iP Z�CTS�q:�Rr�� 9 � �]m 7 LDL NYC L NY\c7OP JPYCG\z[ J m8PYA J]^QJ��8` � J]^ E�C ` Vz5 \c9 L ViZ L 7ONQPY\c7:Va9 J VzPY\zH � 7OPu5 JML PYA ^ 7 ^3^ A87:VzVcC&E�7 ^ ��{9b= � h J Hb\zSUPYA JPY\z9 J �j7�h J Nd7 �TJ 5 hO7:V `DJ CTS �� J �D[ JMJ 5 ^ t&~��mWC:NQe8\zPY7:Vi� �TJ C L A�Z ^ \c[�7:V�S JMJ 5{e@7:[�� ^ 9v7�Z A87�h J 7:VzVcC&E J 5P J 9 L C:Nd7ONQZ } t&~�� Z J 7ON��VzCTH � ��m C:NY5 J N��CTSc� 9v7 � HD\zP ` 5 J \cHD[MN J 7 ^QJ]^ \cH�PYA J PY\z587:Vi��A J 7OPY\cH � Nd7OP J } ?BADC�E��9v7:H J P�7:Vx= t&�T�RrT��= ��9v7�Z 7:V ^ C�hO7ONQZ2\cH PY\c9 J�}xJ = � =cm ?�P J h J H ^ CTH t&�TpT�{m � CR7:HDHDC ` 7:HD5 _ \cHD5Dk J Ht&�T�T�{mR�6C ` e J H J P�7:Vx=�s:~T~{t��m�7:HD5�H J 7ON�� ^Q` NQS�7:[ J3L 7ONQPY\c7:VD9 J VzPQ\cH � []C ` Vc5�A87&h J CB[][ ` NQN J 5G5 ` NQ\cH � \zHB�P J N�h:7:V ^ EFA J H �� E�7 ^ VzC�E =�� ` N�PYA J NY9GC:N J m{\cSnPYA J Vz\zPYADC ^�L A J N J []CT9 L NQ\ ^QJ]^ NQ\ � \c5 L Vc7OP J]^�^QJ�L 7ONd7OP J 5e�ZbE J 7 � kMCTH J]^ mfPYA J H J HDA87:HD[ J 5�PY\z587:V A J 7OPY\zH � mn7:HD5 ^ A87:VcVzC�E L 7ONQPY\X7:Va9 J ViPY\cH � m@E�C ` Vc5)CB[M[ ` N�7OPPYA J]^�J E J 7 �-k]CTH J]^�}xJ = � =cm � \c9G9�C 7:HD5��7:\c5DC ^ s:~T~RsT��= �.^ PY\z9v7OP J]^ CTS+PYA J3J VX7 ^ PY\z[FPYAD\z[ �BH J]^Q^ 7OP.PYA JJ 5 �TJ]^ CTS � NYCBC&h J 5�P J NQNd7:\cHnm�e@7 ^QJ 5vCTH �8J � ` Nd7:V@9GCB5 J V ^ m�V J 7:5 ^ PQC A J 7OP �8` � J]^ PY\z9v7OP J]^ 7OP.PYA J PY\c9 JCTSneDNY\ � ARP�� P J NQNd7:\zH�S C:NQ9v7OPY\cCTHvCTS ��t&~T~�9 � 9�� m{\z9 L VzZB\cH � PYA J NY9v7:V � NY7:5D\ J HRP ^ CTS#�$�T~ � �B9�� }x� \z9G9GC J P�7:Vx= s:~T~RsT��=�?B\c9�\cVX7ONQVzZRmT9GC�5 J V ^ S C:N�S C:NY9v7OPQ\cCTH�CTSfPQA JuLfJ NQh:7 ^ \zh J q�� t&~��{9-� E�7�h J V J H � PQA� � C�Z�7 �TJ N�� ^ [�7:V J� � NYCBC&h J]^ SXNYCT9<7H J [��B\cH � \cH ^ Pd7Oe8\zVc\iP Z�[�7:H�CTHDVzZ ^Q` [M[ J]J 5�EFA J H�PYA J Vc\iPYADC ^�L A J NQ\c[PYA J NQ9v7:V � Nd7:5D\ J HRP J �D[ J]J 5 ^ � s:~ � �{9�� } ��CTVzVc\cH ^ J P 7:V =�t&�T�Tp{m I CT9e@7ONY57:HD5 �)[ � \cHDHDCTH£s:~T~{t��=l A J efC:P�PYCT9 Vc\zH J \ ^ PYA87OP L 7ONQPY\c7:Vn9 J VzPQ\cH � 7OPF5 JML PQA ^ CTS�q�� t&~��{9 \ ^ 7 L VX7 `D^ \ie8V J C ` PQ[]CT9 J CTS>7:H7:HD[]\ J H�PKC:N�e8\zPd7:V N J]^ CTH87:HD[ J 7:HD5 ^�J]J 9 ^ [MCTH ^ \ ^ P J H�P6Eu\zPQA \cHDS J N J HD[ J]^ SXNYCT9 ^�` NYS�7:[ J �TJ CTVcC � ZR= l A J�B`DJM^ PY\cCTH�PYA J H2e J []CT9 JM^]| ADC&E 9G\ � ARP�PYAD\ ^ 9v7OP J NY\X7:V+N J 7:[dAbPYA J ^�` NYS�7:[ J�

� H PQAD\ ^�L 7 LfJ N�m3E J�J hO7:V ` 7OP J'L C ^Q^ \ze8V J 9 J [dA87:HD\ ^ 9 ^ S C:N2[MNQZRC&hRCTVc[�7:HD\z[)N J]^Q` NYS�7:[]\zH � = � ` NS�7�hRC:N J 5�N J]^Q` NQS�7:[]\cH � 9 J [dA87:HD\ ^ 9 \cHRhRC�� J]^ PYA J S�7:[MPPYA87OP PYC L C � Nd7 L ARZRm ^Q` [dA 7 ^ 7 � VcC:e@7:V ^QJ P CTS� Nd7Oe J Hnm�\cHD5 ` [ JM^v^Q` e ^Q` NYS�7:[ JbL N J]^Q^Q` N J � NY7:5D\ J HRP ^ PYA87OP�[�7:H L8` 9 L H JM� 7OPY\zh J ViZ�� e ` C�Z�7:HRPGVz\ �B` \z5E�7OP J N C:N ^ V `D^ A `{L E�7ONY5�\cHRPYC�PYA J � Nd7Oe J H � CBC:N ^ = l A J 9�CB5 J VUH87OP ` Nd7:VcViZ []CTH{¤8H J]^ [MNQZRC&hRCTVc[�7:HD\z[J N `{L PQ\cCTH ^ PYCvVzC�E��ViZ{\cH � N J]� \cCTH ^ «fS ` NQPYA J NQ9GC:N J m+PQA J L N J]^Q^Q` N J£� NY7:5D\ J HRP ^ PYA87OPF[�7 `D^QJ N J]^Q` NQS�7:[]\cH �[ J 7 ^�J 7 ^ PYA J-� NY7Oe J H'¤8VcV m ^ A ` PQPY\zH � C:� PYA J N J]^Q` NQS�7:[]\cH � e J S C:N J PYA J-� NY7Oe J H�C�h J N � C�E = ��J 7:V ^ CJ hO7:V ` 7OP J 7:ViP J NYH87OP J N J]^Q` NYS�7:[M\cH � 9 J [dA87:HD\ ^ 9 ^ m ^Q` [dA27 ^�L8` 9 L \zH � CTS Vz\ ��` \c5vE�7OP J N�PQC PQA J�^�` NYS�7:[ Je�Z PYA J NY9v7:V J � L 7:H ^ \zCTH ^ P�N J]^Q^QJM^ 7:HD5'e ` C�Z�7:HRP NQ\ ^QJ CTS�E�7OP J NKPYA{NYC `D� A!7 ^ \cVc\z[�7OP J � []CTHRPd7:9G\cH87OP J 5[MN `D^ P6PYA87OP6\ ^ 5 J H ^QJ NKPYA87:H Vc\ �B` \z5bE�7OP J N�mf7:VzPYADC `D� AbPYA JM^QJ 9 J [dA87:HD\ ^ 9 ^ 7ON J V J]^Q^ S�7�hRC:Nd7Oe8V J = ��J5 J]^ [�NY\ze J PQA J � PQC L C � Nd7 L AD\z[ L8` 9 L \cH �� N JM^Q` NYS�7:[]\zH ��^ [ J H87ONY\cC'\cH ? J [�PY\cCTH sb7:HD5 PQA J 7:VzP J NQH87OP J

p

N J]^�` NYS�7:[]\cH � 9 J [dA87:HD\ ^ 9 ^ \zH)? J [MPY\zCTHb�{=

� ��

�� O¨Q§ � � � ¦ ¨�� ª ©B¨ � §�¦�� "!$# � �&%]© �&')(.§�� ¨

� A J H L 7ONQPY\c7:V 9 J VzPY\zH � C�[][ ` N ^ m+Vc\ �B` \z5�E�7OP J N3S C:NY9 ^ 7:H \cHRP J NQ[]CTHDH J [MP J 5 H J PjE�C:N��bCTS L C:N J]^ mEuAD\c[dA 7:VcVzC�E ^ PQA J Vc\ �B` \z5�PYC2e J �8`D^ A J 5 SXNQCT9 PYA J-^ CTVc\z5 9v7OPQNQ\i�n= ¡�J [�7 `D^�J PYA J Vz\ ��` \c5�E�7OP J N \ ^H J]� 7OPY\ih J VzZ e ` C�Z�7:HRP�mTPYA J Vc\ �B` \c5E�C ` Vz5 L+J NY[]CTVc7OP J 5DC�EuHRE�7ONY5�\zH£PQA J 7Oe ^�J HD[ J CTS J �BP J NYH87:V J � J [MP ^ =�6C&E J h J N�mKPYC L C � Nd7 L A�ZRm ^Q` [dA 7 ^ 7 � VzC:e@7:V ^QJ P CTS5DC�EuHD5{NYC LDL+J 5 � Nd7Oe J Hnm�[�7 `D^QJM^'^�` e ^Q` NYS�7:[ J^ PQN J]^Q^ ¤ J Vz5 ^ PYA87OP�m ` HD5 J N¢7 LDL NYC L NY\c7OP J []CTHD5D\iPY\cCTH ^ mB[�7:H L8` 9 L H J]� 7OPY\ih J VzZ e ` C&Z�7:H�P�Vz\ ��` \c5�E�7OP J N`{L E�7ONY5n=.� J N J E J \cVzV `D^ P�Nd7OP J ADC�E PYAD\ ûL NYC�[ J]^Q^ [�7:HbC�[][ ` N�=

� J ViPY\cH � Pd7 � J]^�L VX7:[ J ¤DN ^ P.7:VcCTH �� Nd7:\cH£efC ` HD587ONY\ J]^ mB7:HD5-E J¢J HRh{\ ^ \cCTH-PQA87OPWPYA J Vc\ �B` \z5£E�7OP J NL NYC�5 ` [ J 5 5 ` NY\cH � PY\c587:VWA J 7OPY\zH � \zHD\zPY\c7:VcViZ J �{\ ^ P ^ EF\iPYAD\cH 7:H \cHRP J NQ[]CTHDH J [MP J 5 H J PjE�C:N�� CTS¢9 J VzP��¤8VcV J 5 L C:N J]^ m87OP � NY7:\cHvefC ` HD587ONY\ J]^ mDPYA87OP�[]CTH ^ PY\zP ` P J CTHDViZ�7 ^ 9v7:VcV+SXNd7:[MPY\zCTH�CTS PYA J PYC:Pd7:V@hRCTV ` 9 J =� � LfJ NQ\c9 J HRP ^ EF\iPYA \c[ J \cHD5D\z[�7OP J PYA87OPaEFA J H£9 J VzPY\zH � C�[][ ` N ^ PQA J.L C:N JM^ S C:NY9 [dA87:HDH J V ^ CTS{PQNY\c7:H �T` �VX7ONa[MNYC ^�Û^QJ [MPQ\cCTH 7OP PYA{N J]J � � Nd7:\cH\zH�P J N ^QJ [�PY\cCTH ^ = l A J 7:H � V J S C:NY9 J 5 e�Z PYA JW^ CTVc\z5B��Vz\ �B` \z5 \cHRP J NQS�7:[ J]^7OP3PYA J PY\ L8^ CTS>PYA J PQNY\X7:H �T` Vc7ON6[dA87:HDH J V ^-} PQA J 5D\cA J 5{NY7:VU7:H � V J �u\ ^ 7Oe+C ` P�sTq��R~+* } ��J PY[dA87:9,7:HD5�6C:eDe ^ t&�T�T�{m � 7:VzS C:NY5 J Pu7:V =�t&�TpRrBm � 7:VcS C:NY5�7:HD5 � Z J t&�T�{tTmB�'7:5 J N�t&�T�RsT��m�EuAD\c[dA�\c9 L Vz\ J]^ PYA87OPPYA J [dA87:HDH J V ^ S C:NQ9 7:H-\cHRP J NY[MCTHDH J [MP J 5vH J P E�C:N�� J h J H�S C:N�7ONQe8\zP�Nd7ONY\cViZ ^ 9v7:VzV{9 J ViP SXNd7:[MPY\zCTH ^3}xJ = � =cm?�P J h J H ^ CTH 7:HD5 ?B[]C:PQPGt&�T�{t��= � H ^ 7:VzPjZ \z[ J m J � L+J NY\z9 J HRP ^ ^ ADC&E PYA87OP PQA J Vz\ ��` \c5�9v7�Z J �D\ ^ P \cH\ ^ CTVX7OP J 5 L C:N J]^�} 7:H87:VzC � C `D^ PYC PYA J e ` eDe8V J]^ \cH�?�EF\ ^Q^ [dA J]J]^QJ ��7OP�9 J VzP.SXNd7:[MPY\zCTH ^ V J]^Q^ PQA87:H�7Oe+C ` Pq��«D9 J VzP�� ¤8VcV J 5 L C:N J]^ S C:NY907:H2\zH�P J NY[]CTHDH J [MP J 5bH J PjE�C:N��CTHDViZ�7OPu9 J VzP¢SXNd7:[MPQ\cCTH ^¢J �D[ JMJ 5D\cH � q��} �KCTVc5 J H J P 7:V = t&�T�TpR��= � H J \zPYA J N [�7 ^QJ mUCTHD[ J 7:H \cHRP J NY[MCTHDH J [MP J 5 H J PjE�C:N��S C:NY9 ^ maPYA J�L+J NY9 J �7Oe8\cVz\zPjZ£5 JMLfJ HD5 ^¢^ PQNYCTH � VzZ-CTH�PYA J 9 J VzP.SXNd7:[MPY\zCTHnmB\zHD[MN J 7 ^ \zH � 7 ^ PYA J 9 J VzPWSXNd7:[MPY\zCTHGPYC PYA JF^QJ []CTHD5C:N�PYAD\zNQ5 L C&E J N } ?�P J h J H ^ CTHb7:HD5b?B[]C:PQP t&�T�{t��= �KHD[ J PYA J 9 J VzP�SXNY7:[MPY\cCTH � A J HD[ J LfJ NY9 J 7Oe8\zVc\zPjZ� \ ^ � N J 7OP J HDC `D� AnmUPYA J 9 J VzP [�7:H e J��8`D^ A J 5 SXNYCT9 PYA J 9v7OPQNY\ �!\zH!N J]^�L CTH ^QJ PYC29 J VzP��9v7OPQNQ\i�e ` C&Z�7:HD[MZ!C:N J �{P J NYH87:V S C:NY[ J]^ = �KH � 7ONQPYAnm ^�` [ A�9 J VzP LfJ NQ[]CTVX7OPY\zCTHnm EuAD\c[dA�\ ^ `{L E�7ONY5�e J [�7 `D^QJPYA J 9 J VzP \ ^ e ` C�Z�7:HRP�m ^Q`{LDL Vz\ J]^ PYA J 9v7 � 9v7vPYA87OP 5{NY\zh J]^ hRCTVc[�7:HD\ ^ 9 7OP 9G\z5B��CB[ J 7:H!NY\z5 �TJ]^ 7:HD5

�

J V ^QJ EuA J N J = ¡�J H J 7OPYA 9G\z5B��C�[ J 7:H NY\z5 �TJ]^ mTPYA J e@7:VX7:HD[ J CTS@9 J VzP L NQCB5 ` [MPY\zCTH£7:HD5 L+J NY[]CTVc7OPY\cCTH V J 7:5 ^PYC9 J VzPWSXNd7:[MPY\zCTH ^ CTSnC:NY5 J N�� t&~� � EF\iPYAD\cHGPQA JFL 7ONQPY\c7:VcVzZ£9GCTViP J HGkMCTH J£} l ` NY[]C:P�P J 7:HD5�?B[dA ` e J NQPs:~T~RsBm LDL =@�R~Rs��R~RqT��=

l A J2J]��` 7OPY\cCTH ^£� C&h J NYHD\cH � PYA J []C `{L V J 5 � C&E0CTS67�9 J VzP-7:HD5 9v7OPQNQ\i� A87�h J e J]J H 5 J NQ\zh J 5e�Z ^QJ h J Nd7:V � NYC `{L8^ C&h J NFPQA J L 7 ^ PuP E J H�PjZ�Z J 7ON ^} J = � =zm@�)[ ��J HDk]\ J t&�Tp:�Dm ?B[]C:PQP t&�TpTp{m+?�P J h J H ^ CTH7:HD5�?B[]C:PQP6t&�T�{t�� = l A J 9GCT9 J H�P ` 9 J]��` 7OPY\cCTH � C&h J NYHD\zH � PYA J N J Vc7OPY\zh J � C�E CTS 9 J VzP�7:HD5v9v7OPQNY\ �nmEuAD\c[dAb\ ^¢J]^Q^�J H�PQ\X7:VcViZ I 7ONQ[MZ � ^ Vc7&E m8[�7:H2e J E¢NY\zPQP J H2\zH �TJ H J NY7:VaS C:NY907 ^

� }�� ! ��#" %$'& } t��

EuA J N J � \ ^ PYA J 9 J VzP SXNd7:[MPQ\cCTH } J]�B` \ih:7:V J H�PWPYC L C:NYC ^ \iPjZ8��m � \ ^ PYA J¢LfJ NQ9 J 7Oe8\cVz\zPjZRm � \ ^.� Nd7�h{\iP ZRm � �� m�7:HD5 �� 7ON J PYA JuL N J]^Q^Q` N J mBh{\ ^ []C ^ \iP ZRm�7:HD5G5 J H ^ \zPjZ�CTS PYA J 9 J ViP�m " )( \ ^ PYA J � NYCTH J [ � J N�5 J VzPY7{m� �� 7:HD5 � �� 7ON J PYA J PQN `DJ h J VcC�[]\zPY\ J]^ CTSaPYA J 9 J ViPF7:HD529v7OPQNY\ �nm�N J]^�LfJ [MPY\zh J VzZRm � 7ON J PYA J ^�L 7OPY\X7:V[]C�C:NY5D\cH87OP JM^ m+*!\ ^ A J \ � A�P]m�7:HD5-,.� tTm�sBm�7:HD5 �!7ON J PYA J []CBC:NY5D\zH87OP J \cHD5D\c[ J]^ = � SFPQA J 9v7OP�NY\i�\ ^ NY\ � \z5nm�PYA J H VX7ON �TJ 9 J VzP��9v7OPQNQ\i� L N J]^�^Q` N J 5D\z� J N J HD[ JM^ []7:H e J ^Q`D^ PY7:\cH J 5n=$4�P�PQA J C LDL C ^ \iP JJ �BPQN J 9 J ma\zS.PYA J 9G7OPQNY\i�'A87 ^ VcC&E h{\ ^ []C ^ \zPjZRmnPYA J H�9 J VzP�� 9v7OPQNY\ � L N J]^�^Q` N J 5D\i� J N J HD[ J]^ Eu\cVcV�5{NY\ih J5 J S C:NY9G7OPY\cCTH�PYA87OPuP J HD5 ^ PYC-V J]^�^QJ HbPYA J�L N J]^Q^Q` N J 5D\z� J N J HD[ JM^ =�4 `D^QJ S ` VaVz\c9G\iP¢PQC-PYAD\zH �27Oe+C ` PF\ ^CTH J EuA J N J PYAD\ ^ L NYCB[ JM^Q^ \ ^ ^ C J � J [MPQ\zh J PQA87OP.PYA J¢L N J]^Q^Q` N J \cH-PQA J Vc\ �B` \z5�\ ^WJ]�B` 7:V8PYC�PYA JuL N JM^Q^Q` N J\cHGPQA J 9v7OPQNY\ �n= � HvPYAD\ ^ [�7 ^QJ mBPQA J h J NQPY\z[�7:V L N J]^Q^Q` N J�� Nd7:5D\ J H�P�\cHvPYA J 9 J VzP�\ ^�^ \c9 L VzZ 0/ 1� m�EuA J N J/ 32 � �� } t � � �� \ ^ PYA J 9 J 7:H 5 J H ^ \iPjZ CTSFPYA J 9v7OPQNY\ �B� 9 J VzP 9�\i�{P ` N J 7:HD5 �� \ ^ PYA J5 J H ^ \iPjZ!CTS.PQA J 9v7OPQNQ\i�n= � A J H ^Q` 9G9 J 5�Eu\zPYA'PYA J E J \ � ARP CTS.PQA J 9 J ViP�mnPYAD\ ^ � \zh J]^ 7 L N JM^Q^Q` N J� Nd7:5D\ J H�P67&hO7:\cVc7Oe8V J S C:N65{NQ\zh{\zH � 9G\ � NY7OPY\cCTH J]�B` 7:V PYCGPYA J e ` C&Z�7:HD[MZ CTSUPYA J 9 J VzP¢N J Vc7OPY\zh J PQCGPYA J9G\ �{P ` N J m�EuAD\c[dA�S C:N ^ 9v7:VzV 9 J VzP�SXNd7:[�PY\cCTHv\ ^ � `D^ P �!45 m�EuA J N J 46 .27 �� = � H�PQA J [�7 ^QJ CTSL 7ONQPY\c7:VcViZ�9GCTVzP J H�\z[ J m 45 \ ûL C ^ \zPY\ih J m87:HD52PYA J Vc\ �B` \z5�E�C ` Vz5 LfJ NY[]CTVX7OP J 5DC&EFHRE�7ONY5n=

�6C&E J h J N]mF\cH N J 7:Vc\zPjZRm�PYA J L N JM^Q^Q` N J \cH PYA J Vz\ �B` \z5 7:HD5 ^ CTVc\c5 7ON J HDC:P�H J [ J]^Q^ 7ONQ\cVzZ JM�B` 7:V «S ` NQPYA J NY9GC:N J m89v7OP�NY\i��5 J S C:NQ9v7OPY\cCTH�[�7:HbC�[][ ` N�m@7:HD52PQAD\ ^ 5 J S C:NY9v7OPY\zCTH27:ViP J N ^ PYA J L N J]^Q^Q` N J ¤ J Vc5\cH�PYA J 9 J VzP�= ?B[MC:PQP } t&�TpTpR� ^ ADC&E ^ PYA87OP �.� = } t��[�7:H2e J EuNQ\zPQP J H

t&~

� } � �� } t � � �!45 " $ �� ( � } t � � }�� ( � � �� " ( �� & } sT�

EuA J N J�� )( \ ^ PYA J�^ PQN J]^Q^ ¤ J Vc5 Eu\zPQAD\cH PQA J�^ CTVz\c5n= l A J�J � L N J]^�^ \cCTH \zH ^��B` 7ON J eDNd7:[�� J P ^ \ ^ PYA JL N J]^�^Q` N Jv� Nd7:5D\ J H�P7&hO7:\cVc7Oe8V J PQCb5{NY\zh J N J VX7OPQ\zh J � C&E e J PjE J]J H PQA J 9 J ViP7:HD5 PYA J 9v7OPQNY\ �n= l A J¤DN ^ P£P J NQ9 \ ^ e ` C�Z�7:HD[�Z 7:HD5 PYA J�^QJ []CTHD5 P J NY9 \ ^ [�7 `D^�J 5 e�Z 9v7OPQNY\ ��5 J S C:NY9G7OPY\cCTH 7:HD5 9 J VzP��SXNd7:[MPQ\cCTH � NY7:5D\ J HRP ^} ?B[]C:PQP t&�TpTp{m@?�P J h J H ^ CTH�t&�TpT�R� =

l A J ^ PQN J]^Q^ 7:HD5�h J VcC�[]\zPjZG¤ J Vz5 ^ \zH�PQA J 9G7OPQNY\i�v7ON J N J Vc7OP J 5�e�Z�PYA J []CTH ^ PQ\zP ` PY\ih J VX7�E mBEuAD\c[dAE J Pd7 � J PQC£e J PYA87OPuCTSU7 h{\ ^ []C `D^F^ CTVz\c5 }xJ = � =zm@?B[]C:PQP t&�TpTpR� |

} t � � }�� )( � � �� " ( �� }� s� � � � � �� " )( � �� ( � � � �� (� � � } �R�

EuA J N J�� 7:HD5 � 7ON J PYA J e ` V��7:HD5 ^ A J 7ON hB\ ^ [MC ^ \zPY\ J]^ CTSWPYA J 9v7OPQNQ\i�n= �FJML+J 7OP J 5!\cHD5D\c[ J]^ Eu\zPQAD\cH7:HRZ�P J NY9 \z9 L VzZ ^Q` 9G9v7OPY\zCTH�C�h J N£PQA J PQA{N J]J []CBC:NY5D\zH87OP J]^ = l A J�J]��` 7OPY\cCTH ^ 7 ^Q^�` 9 J PYA87OP PYA J^ CTVz\c5v7:HD5vVz\ �B` \z5v7ON J3^�JML 7ONd7OP J ViZ�\zHD[]CT9 L N JM^Q^ \ze8V J «{ADC&E J h J N]mBEFA J HGPYA J 9 J ViP.SXNY7:[MPY\cCTHv\ ^ HDCTHDk J NYCDm[]CT9 L N J]^Q^ \ih J^ PQN J]^�^QJ]^ \cH PYA J 9v7OP�NY\i�2[�7 `D^QJ []CT9 L 7:[�PY\cCTH CTS>PYA J 9v7OP�NY\i�b7:HD5 J � L8` V ^ \cCTH)CTS�9 J ViP} A J HD[ J 7:VzP J NY\cH � PYA J 9 J VzP¢SXNd7:[MPQ\cCTH@��= 4 ^ 7 N J]^Q` ViP�mDPYA J � C&E 5D\zh J N �TJ HD[ J � � �� 2�� \ ^�TJ H J NY7:VcVzZ)HDCTHDk J NYCD= l A J e ` V� h{\ ^ []C ^ \zPjZ)\ ^ 7 ^�^ CB[]\c7OP J 5)EF\iPYA)PYA J]^QJ [ A87:H �TJM^ \zH�hRCTV ` 9 J m 7:HD5!\iP\ ^ HDCTHDk J NYC�e J [�7 `D^�J£J � LfJ VcVc\zH � 9 J VzPuN J]��` \zN J]^ \iNQN J h J N ^ \ze8V J E�C:N��f= � H �TJ H J NY7:V efC:PYA � 7:HD5 � 7ON JS ` HD[MPY\zCTH ^ CTS 9 J VzP¢SXNd7:[MPQ\cCTHn=

g6^ \zH � PYA J [MCTH ^ PY\zP ` PY\zh J VX7�E m E J [�7:H E¢NY\iP J-I 7ONY[�Z � ^ VX7�E ^ CTV J ViZ!\zH!P J NQ9 ^ CTS�PQA J h J VzCB[]\iP Z¤ J Vz5 ^ = � H�h J [MPYC:N3HDC:PY7OPY\cCTHnm{PYA J�J]��` 7OPY\cCTH�e J []CT9 J]^

� } � �� } t � � �!45 �� }� � t� � � �� } � �� & } ��

EuA J N J � �� 7:HD5 � �� 7ON J PYA J h J [MPYC:NKh J VzCB[]\iPY\ JM^ CTSWPYA J 9 J ViP�7:HD5!9v7OPQNQ\i�)7:HD5 � \ ^ PQA J-`{L E�7ONY5` HD\zP�h J [MPQC:N�= l A{N J]J S�7:[MPYC:N ^ 7O� J [�P PYA J 9G\ � Nd7OPY\cCTH CTS 9 J ViPKN J VX7OPQ\zh J PYC ^ CTVc\z5 | PYA J 9 J VzP��9v7OPQNQ\i�e ` C&Z�7:HD[MZRmFPYA J L N J]^�^Q` N J!� NY7:5D\ J HRP2[]7 `D^QJ 5 e�Z � Nd7:5D\ J H�P ^ CTS 9v7OPQNY\ � hRCTV ` 9 J [ A87:H �TJM^ 5 `DJ PYC

tTt

J � L 7:H ^ \cCTH)7:HD5)[]CT9 L 7:[�PY\cCTHnm 7:HD5 PYA J L N J]^�^Q` N J � Nd7:5D\ J H�P6[]7 `D^QJ 5)e�Z�hRCTV ` 9 J � []CTH ^QJ N�h{\cH ��^ A J 7ON5 J S C:NY9G7OPY\cCTHbCTSUPQA J 9v7OPQNY\ �n= l A J]^QJ []C:N�N J]^�L CTHD5)PQC�PYA J ¤DN ^ P]m ^QJ [MCTHD5nmn7:HD5 PYAD\zNY5�P J NY9 ^ CTHbPYA JNY\ � A�P ^ \c5 J CTS �.� = } ��=��7OP�NY\i��5 J S C:NY9v7OPQ\cCTHv7O� J [MP ^ PYA J3L N J]^Q^Q` N JK� Nd7:5D\ J HRP�\cHGPYA J 9 J VzPWPYA{NYC `D� APYA J VX7 ^ PP E�C)P J NY9 ^ m 7:HD5 ` HD5 J N-7 LDL NYC L NY\c7OP J []\zNY[ ` 9 ^ Pd7:HD[ JM^ PQA J]^QJ�� Nd7:5D\ J H�P ^ 9v7�Z C&h J NY[MCT9 JPYA J H J]� 7OPY\zh J e ` C&Z�7:HD[MZ�7:HD5 7:VcVzC�E Vz\ ��` \c5�E�7OP J N¢PYC-NY\ ^QJ�`{L E�7ONQ5bPYA{NYC `D� A2PYA J \c[ J =

��CTH ^ \c5 J N�PYA J3J � J [MP ^ CTS ^Q` NYS�7:[ J PQC L C � Nd7 L ARZR= l C L C � NY7 L A�Z-[�7 `D^QJ]^.^Q` e ^Q` NYS�7:[ JK^ P�N J]^Q^ ¤ J Vc5 ^PYA87OP \cHD5 ` [ Jv`{L E�7ONY5 9GC:PY\zCTH!CTS�PYA JG^ CTVc\c5!\c[ JG` HD5 J NYH J 7OPYA PYC L C � NY7 L AD\c[GVzC�E ^ 7:HD5 5DC&EFHRE�7ONY59GC:PY\zCTH ` HD5 J NYH J 7OPYA PYC L C � Nd7 L AD\c[�AD\ � A ^ m8EuAD\c[dAbV JM^Q^QJ H ^ PQA J PYC L C � NY7 L A�Z�C&h J NFPY\z9 J-} [MNd7OP J NuN J �VX7��D7OPY\cCTH�7:HD5 L C ^ P�� VX7:[M\X7:VDN J e+C ` HD5�e J \cH �^ Pd7:HD587ONY5 J �D7:9 L V J]^ ��= l A J � C�E \ ^WJ � J [�PY\zh J ViZG5{NY\ih J He�Z�7:H�7:A�ZB5{NYC ^ Pd7OPY\z[ L N J]^�^Q` N J � � Nd7:5D\ J HRPuS C:NY[ J � } � �� WPYA87OP L CT\cHRP ^ 5DC�EuHRE�7ONY5�e J H J 7OPQA�PQCO�L C � NY7 L AD\c[bAD\ � A ^ 7:HD5 `{L E�7ONQ5 e J H J 7OPYA PYC L C � Nd7 L AD\c[2VcC&E ^ = ¡�J [�7 `D^QJ PQA J]^QJ PYC L C � Nd7 L AD\c[]7:VcVzZ\cHD5 ` [ J 5 L N JM^Q^Q` N J�� Nd7:5D\ J HRP ^ Eu\cVcV.7O� J [�P-9 J VzP5{NY7:\cH87 �TJ�} �.� = ��m>PYA JvL N JM^Q^Q` N J � � Nd7:5D\ J H�P�S C:NY[ J7 ^Q^ C�[]\X7OP J 5 EF\iPYA 9v7OPQNY\ � � C�E�e J H J 7OPQA)PQC L C � Nd7 L AD\z[VcC&E ^ ¦ ��© � �M¨Q§�¦ �xª�PYA J H J]� 7OPY\ih J e ` C&Z�7:HD[MZCTSaPQA J Vc\ �B` \z5�E�7OP J N�= � SaPYA J 7:ARZ{5{NQC ^ Pd7OPY\z[ L N JM^Q^Q` N J � NY7:5D\ J HRP ^ 7ON J ^ P�NYCTH ��J HDC `D� Anm@Vc\ �B` \z5�E�7OP J N[�7:H L+J NY[]CTVc7OP J�`{L E�7ONQ5b\cH2PQC L C � Nd7 L AD\z[ VzC�E ^ =

��J \zVcV `D^ PQNd7OP J PYAD\ ^6L NYCB[ JM^Q^ EF\iPYA!7 ^ \z9 L V J PjE�CO� 5D\c9 J H ^ \cCTH87:V>7:H87:ViZBPY\z[�7:V ^ CTV ` PY\zCTH)PQA87OP 7 ^ �^Q` 9 JM^ []CTH ^ Pd7:HRP�9 J VzP�� SXNd7:[MPY\zCTHv7:HD5Gh{\ ^ []C ^ \iP ZR= � HGN J 7:Vc\zPjZRmRPYA J e J A87&hB\cC:N.\ ^ []CT9 L V J ��7:HD5�HDCTHDVc\zHB�J 7ON�«ThO7ONY\X7OPQ\cCTH ^ \zH£9 J VzP>SXNY7:[MPY\cCTH£7ON J []C `{L V J 5 PYC6PYA J � C&E ¤ J Vz5nmR9 J VzPQ\cH � 7:HD5£SXN J]J kM\cH � [�7:H CB[][ ` N]m7:HD5GPYA JFL+J NY9 J 7Oe8\cVc\iPjZ�7:HD5GhB\ ^ [MC ^ \zPjZ-5 JMLfJ HD5 ^ P�NYCTH � VzZ-CTHGPYA J hO7ONY\X7Oe8V J]^ e J \cH �^ CTVzh J 5vS C:N } 9 J VzPSXNd7:[MPQ\cCTH 7:HD5 P J 9 LfJ Nd7OP ` N J � = 40N J 7:Vc\ ^ PY\z[ ^ CTV ` PY\cCTH CTSuPYAD\ ^-L NYC:e8V J 9 \ ^ 7!9v7��C:N ` HD5 J NQPd7 �B\cH �PYA87OPuN J]�B` \iN J]^ H ` 9 J NQ\c[�7:V ^ \c9 ` Vc7OPY\cCTH ^ m8EuAD\c[dA \ ^ e J ZRCTHD5bPYA J ^ []C LfJ CTSUPQA J L N J]^QJ H�P ^ P ` 5{ZR= � ` N[ ` NQN J H�P � CR7:V \ û^ \c9 L ViZvPYCG5 J 9GCTH ^ PQNd7OP J PYA J L ARZ ^ \c[�7:V 9 J [dA87:HD\ ^ 9bm87:HD5 7:H 7:H87:ViZBPY\z[�7:V ^ CTV ` PQ\cCTH^Q` ��[ J]^ S C:N¢PYAD\ ^�L8` N L C ^QJ =

� A J Hv9 J ViP SXNd7:[MPY\zCTH�\ ^ []CTH ^ Pd7:HRP�7:HD5-9 J ViPY\cH � \ ^ \ � HDC:N J 5nmRPYA J []CTH�PQ\cH ` \zPjZ J]�B` 7OPY\zCTH�S C:NWPYA J9v7OPQNQ\i�ve J []CT9 J]^

�� $~ } qT�

t�s

l AD\ ^�JM�B` 7OPY\zCTH \c9 L Vz\ J]^ PYA87OP-E J []7:H 5 J ¤8H J 7 ^ PQN J 7:9GS ` HD[�PY\cCTH S C:N-PYA J 9v7OP�NY\i� � C&E m��3m�7:HD5? L \ JM�TJ Vc9v7:H 7:HD5 �)[ ��J HDk]\ J } t&�TpRrT� ^ ADC&E,PYA87OP�PYA J)L NYC:e8V J 9 CTS�5 J P J NY9�\cHD\cH � � N J 5 ` [ J]^ PYC^ CTV ` PY\cCTHGCTSfPQA J e8\cA87ONY9�CTHD\c[ JM�B` 7OPY\zCTHnm � � �3�$~{m ` HD5 J N¢7 LDL NYC L NY\c7OP J efC ` HD587ON�ZG[]CTHD5D\iPY\cCTH ^ = � HPYA J Vc\c9�\zP�EFA J N J PYA J 9 J VzPuSXNd7:[MPY\zCTH � � C J]^ PYC&E�7ONY52k J NYCDm8PYA J 9 J VzPuA87 ^ H J]� Vz\ � \ze8V J \zH �8`DJ HD[ J CTHPYA J 9G7OPQNY\i��S C:NY[ J e@7:VX7:HD[ J 7:HD5 � �� \ ^ � C�h J NQH J 5 e�Z L N J]^Q^Q` N J � � Nd7:5D\ J HRP�m>h{\ ^ []C `D^ m�7:HD5 � Nd7�h{\iP ZS C:NY[ JM^ \zH-PYA J 9v7OPQNY\ � 7:VzCTH J = l A J h J VzCB[]\iP Z � �� \ ^ PYA J H � `D^ PW5 J P J NY9�\cH J 5 e�Z-7 ^ Pd7:HD587ONY5 ^ CTV ` PQ\cCTHS C:N � NY7&hB\zPd7OPY\zCTH87:VBN J Vc7��87OPY\zCTH-CTSf7 CTH J � L A87 ^QJ mBhB\ ^ []C `D^ �8` \c5 } J = � =zm l ` NY[]C:PQP J 7:HD5�?B[dA ` e J NQP¢s:~T~RsBm��A87 L P J NF�R��= _aJ P�PYA J�^ 7OP J VcVc\iP J \cHRP J NQ\cC:Nu7:HD5 ^Q` NQS�7:[ J [MC:NQN J]^�L CTHD52PYC-7:H�\zH{¤8HD\zP J A87:VcSc� ^�L 7:[ J EF\iPYA7 ^ \zH `D^ CT\c587:V ^�` NYS�7:[ J PYC L C � Nd7 L A�Z�� []C ^�}�� m8EFA J N J� \ ^ PYA J E�7&h J H ` 9e J N J]�B` 7:V PYC�s�C&h J N�PYA J E�7&h J V J H � PYAnm � \ ^ ADC:NY\ck]CTHRPd7:Vn5D\ ^ Pd7:HD[ J m87:HD5�� t } PYA J A J \ � ARPuCTS PYA J PYC L C � Nd7 L ARZ\ ^ 9 ` [ A!V J]^Q^ PYA87:H \zP ^ E�7�h J V J H � PYA@��=G�K7:VzSc� ^�L 7:[ JG�TJ CT9 J P�NQZ)\ ^ 7 LDL NYC&�{\c9v7OP J VzZ hO7:Vc\z5 7 ^Q^Q` 9�\cH �PYA J PYC L C � NY7 L A�Z�A87 ^ 7£E�7�h J V J H � PYA ^ 9G7:VcV J N¢PQA87:H�PYA J \c[ J � ^ A J VzV PQAD\c[��{H J]^�^ m@EuAD\c[dAnm8S C:Nu\c[ J�^ A J VzV ^� t&~T~��{9 PYAD\c[��fm�\z9 L Vc\ J]^ E�7�h J V J H � PYA ^�� t&~T~ �B9b= } l A J NY9v7:VW9GCB5 J V ^�TJ H J NY7:VcVzZ \c9 L ViZ!PYA87OP�mJ h J H 5 ` NY\cH ��LfJ NY\zCB5 ^ CTSuPY\z587:V�A J 7OPY\zH � m�� 7:HRZ{9 J 5 J � ^ \c[ J�^ A J VcV�E�7 ^ L NYC:e@7Oe8VzZ 7OP-V J 7 ^ PGq:~��{9PYAD\z[ �� ?BADC�Eu9v7:H J PW7:V =�t&�T�Rr�� «TH J h J NQPQA J V J]^�^ mB\zH-S ` P ` N Ju^ P ` 5D\ J]^ \zP>E�C ` Vz5-e J E�C:NQPYAREFAD\zV J PYCKN J VX7��PYA J A87:VzSc� ^�L 7:[ J 7 ^Q^Q` 9 L PY\zCTH�7:HD5�[]CTH ^ \z5 J NPYA J�� C&E \cH�7:H�\z[ JG^ A J VzV.CTS�¤8HD\iP J PYAD\z[ �BH J]^Q^ =y� l A J^ \zH `D^ CT\z587:V@PQC L C � Nd7 L ARZ�[MCTH ^ \c5 J N J 5vA J N JFL NQC�hB\c5 J]^ 7 [MN ` 5 J N JML N J]^�J H�PY7OPY\cCTHvCTSfADC:N ^ P�7:HD5 � Nd7Oe J HS C:NY9 J 5 e�ZVz\zPYADC ^�L A J NY\c[ J �BP J H ^ \zCTHn= ��J 7 LDL VzZ 73HDCO� ^ Vc\ L e+C ` HD587ONQZ[]CTHD5D\iPY\cCTH } ADC:NQ\ck]CTHRPd7:V ^�L+J]J 5J]��` 7:V ^ k J NYC�� 7OP PYA J�^Q` NQS�7:[ J m�7 LDL NQC L NY\X7OP J e J [�7 `D^QJ 7 ^ PY\z� Vc\zPQADC ^�L A J N J C�h J NYVc\ J]^ PYA JvL 7ONQPY\X7:VzVzZ9GCTViP J HvN J]� \zCTHn= � \zPYA�PYAD\ ^ []CTHD5D\iPY\cCTHnm{PQA J 9v7OP�NY\i��h J VcC�[]\zPjZ � �� \ ^�� \zh J H�e�Z }x^�J]J l ` NY[]C:PQP J 7:HD5?B[dA ` e J NQP�s:~T~RsBm LDL =+s:�Tp�� sO�R~R�

� �� 1� � �s � *�� $ ^ \zH }�� 1� ��s � � �� $ �it � *��&[]C ^�}�� } �R�

EuA J N J � 7:HD5 � 7ON J PQA J ADC:NY\ck]CTHRPd7:Vu7:HD5 `{L E�7ONY5 ` HD\zPGh J [�PYC:N ^ m�N J]^�LfJ [MPQ\zh J ViZR= l A J2L N JM^Q^Q` N J� Nd7:5D\ J H�P ^ 7 ^Q^ C�[]\X7OP J 5�Eu\zPYA�PYA J PQC L C � Nd7 L AD\z[�7:VcViZv\cHD5 ` [ J 5 � C�E�7ON J

� � �� $ � ^ \cH }�� [MC ^�}�� } rT�

t&�

EuA J N J *-\ ^ A J \ � ARP�« *-\ ^ k J NYC�7OPuPQA J ^Q` NYS�7:[ J 7:HD5bH J]� 7OPQ\zh J EF\iPYAD\cH�PYA J \zH�P J NY\cC:N]=��! #"�$�� % $&"�$

�>\ �T` N J]^ �7:HD5vq \cVzV `D^ PQNY7OP J PYA J¢L N J]^Q^�` N J6� Nd7:5D\ J H�P ^ S C:N.PjE�C ^�L+J []\z¤8[F[�7 ^QJ]^ = l A J PYC LGL 7:H J V ^\cVzV `D^ P�Nd7OP J PYA J PYC L C � Nd7 L ARZ � 76PjE�CO� �{9 L+J 7 �� PYCO� L+J 7 ��7:9 L Vc\iP ` 5 J�^ \zH `D^ CT\z5 } � � � t �{9��nEF\iPYA�T~�� B9 E�7�h J V J H � PYA�\zH-�>\ � =:�R7 7:HD5-7KS C ` N�� B9 LfJ 7 �� PYCO� LfJ 7 ��j7:9 L Vz\zP ` 5 J�^ \zH `D^ CT\c5 } � � � s �{9��Eu\zPYA �T~�� {9 E�7�h J V J H � PYA \zH �>\ � =Wq:7{= l A J 9G\c5D5DV J�L 7:H J V ^ m��>\ �T^ = �:e 7:HD5 q�e m ^ ADC&E � � 7 ^L N J 5D\z[MP J 5be�Z �W� = } rT��e@7 ^QJ 5 CTHbPYA J PYC L C � NY7 L A�Z ^ ADC&EFH \zH2PYA J PYC L2L 7:H J V ^ = ¡�J []7 `D^QJ 9v7OP J NY\X7:V� C&E ^ 5DC�EuH L N JM^Q^Q` N Ju� Nd7:5D\ J HRP ^3} \ = J =cmTSXNYCT9 AD\ � A-PYC�VcC&E L N J]^�^Q` N J ��m � � � \zh JM^ 7�9 J 7 ^Q` N J CTS@PYA J5D\zN J [MPY\zCTH£\zHEFAD\z[ A �8` \c5 Eu\cVcV � C�E =>4 ^>J � LfJ [MP J 5-S C:N>hB\ ^ [MC `D^ N J VX7��D7OPY\cCTHnm�PYA J�L N J]^Q^Q` N J¢� NY7:5D\ J HRP ^\cHD5D\z[�7OP J PYA87OP>PYA J \z[ J � C�E ^W`{L E�7ONY5 ` HD5 J NYH J 7OPQA�PYC L C � NY7 L AD\c[�VcC&E ^ 7:HD5£5DC&EFHRE�7ONY5 ` HD5 J NYH J 7OPYAPYC L C � Nd7 L AD\c[ AD\ � A ^ =F�@C:NK7 ^�LfJ []\i¤ J 5)E�7&h J V J H � PYAnm PYA J L N J]^�^Q` N J � Nd7:5D\ J H�P ^ 7ON J L NYC L C:N�PY\cCTH87:V PYCPYC L C � Nd7 L AD\c[�7:9 L Vz\zP ` 5 J = l A JvL N J]^Q^�` N J�� NY7:5D\ J HRP ^ 7ON J�� N J 7OP JM^ P H J 7ON PYA J�^Q` NYS�7:[ J 7:HD5 5 J [�7�ZJ � L CTH J HRPY\X7:VzVzZ£\cH-5 JML PYAGEu\zPYA�7 ^ []7:V J A J \ � ARP � � � = } l AD\ ^ V J 7:5 ^ PYC PYA J []CT9G9�CTH ` HD5 J N ^ Pd7:HD5D\cH �PYA87OPuPYA J h{\ ^ []C `D^ N J VX7��D7OPY\cCTHbCTS�7-VX7:HD5DS C:NY9 \cHRhRCTVzh J]^ 9�C:PY\cCTH�CTS>9v7OP J NY\c7:V L NY\c9v7ONQ\cVzZ�7OP35 JML PYA ^[]CT9 L 7ONY7Oe8V J PYC C:N-V J]^Q^ PYA87:H PYA J VX7:HD5DS C:NY9 � ^ Eu\c5{PQAn= ��@C:NG7 � \ih J H PQC L C � Nd7 L AD\z[b7:9 L Vz\zP ` 5 J mPYA J'^Q` NYS�7:[ J�L N J]^Q^Q` N J � Nd7:5D\ J H�P ^ 7ON J'� N J 7OP JM^ P2S C:N ^ 9v7:VzV3E�7�h J V J H � PQA$7:HD5 E J 7 � J]^ P�S C:N2Vc7ON �TJE�7�h J V J H � PYAnm e ` P PQA J N J h J N ^QJG^ \iP ` 7OPY\cCTH�\ ^ PQN `DJ 7OP � N J 7OP 5 JML PYA ^ e J [�7 `D^QJ CTS.PQA J E�7�h J V J H � PYAB�5 JML+J HD5 J HD[ J CTS PQA J ^ []7:V J A J \ � ARP�=

��! #"�$�� % $&"�$

�W�B` 7OPY\zCTH } ��a\z9 L Vc\ J]^ PYA87OPaPYA J H J P L N J]^Q^Q` N J�� Nd7:5D\ J HRP>5{NY\zhB\cH � 9GC:PQ\cCTH \zH L C:N J � ^�L 7:[ J Vz\ �B` \z5E�7OP J N3\ ^ PYA87OP ^ ADC�EuH \cHb�>\ �T^ =@�:e)7:HD5'q�e L V `D^ PYA J H J]� 7OPQ\zh J e ` C&Z�7:HD[MZ2CTS PYA J 9 J VzP�mDEuAD\c[dA S C:N^ 9v7:VzVF9 J VzP�SXNd7:[MPQ\cCTH \ ^ 46 � � = l AD\ ^ H J P L N J]^�^Q` N J!� NY7:5D\ J HRP }xJ]�B` 7:V3PQC PQA J'J � L N J]^�^ \cCTH \cH^Q��` 7ON J eDNY7:[ � J P ^ SXNQCT9 �W� =n��3\ ^�^ ADC&EFH!\cH'�>\ �T^ =n�T[-7:HD5�qO[-7 ^Q^Q` 9G\zH � PQA87OP 46 � pT~ � � 9��mN J V J hO7:H�P¢S C:N L8` N J Vc\ �B` \c5GE�7OP J Nu7:HD5�\z[ J = � H�PQA J 7Oe ^�J HD[ J CTS PQC L C � Nd7 L ARZRmBPYA J6L C:N J � ^�L 7:[ J Vz\ �B` \z5E�7OP J N J � LfJ NQ\ J HD[ JM^ 7h J NQPY\z[�7:V L N J]^Q^�` N J � Nd7:5D\ J HRP 45 1� PYA87OP¢[�7 `D^QJM^ 5DC&EFHRE�7ONY5 L+J NY[]CTVc7OPY\cCTH�CTSVc\ �B` \z5 E�7OP J N�= � A J H PYC L C � Nd7 L ARZ J �D\ ^ P ^ m PYA J H J P L N J]^Q^Q` N J2� Nd7:5D\ J HRP ^ PY\zVcV�[�7 `D^QJM^ 5DC&EFHRE�7ONY5

t��

9G\ � Nd7OPY\cCTH�CTSUVz\ �B` \z52E�7OP J N67OP � N J 7OP35 J�L PYA ^ m e J [�7 `D^QJ PQA J PYC L C � Nd7 L AD\c[�� L N J]^Q^�` N J� Nd7:5D\ J H�P ^ 7ON JE J 7 ��7OP�VX7ON �TJ 5 JML PQA ^ = _ \ ��` \c5�E�7OP J N�EF\zVcV�7:V ^ C�9G\ � Nd7OP J 5DC&EFHRE�7ONY5 SXNQCT9 7:HRZ'5 JML PYA � J h J H\c9�9 J 5D\X7OP J VzZ-e J VzC�E PYA J�^Q` NYS�7:[ J � ` HD5 J NYH J 7OPYAbPYC L C � NY7 L AD\c[�AD\ � A ^ =

�6C&E J h J N]m ` HD5 J NYH J 7OPYAvPYC L C � Nd7 L AD\z[uVzC�E ^ mRPYA JFL N JM^Q^Q` N J3� NY7:5D\ J HRP ^ []7 `D^QJ 5ve�Z£PYA J PYC L C � Nd7��L ARZb[�7:H C&h J NQEuA J Vc90PYA J H JM� 7OPY\zh J e ` C&Z�7:HD[MZ2CTS PYA J Vz\ �B` \z52E�7OP J N�m@N J]^Q` VzPQ\cH � \cHb7�H J P L N JM^Q^Q` N J� Nd7:5D\ J H�P PYA87OP 5{NY\ih J]^ Vz\ ��` \c5 E�7OP J Nu©�� (.§O¨ '�\cHRPYC�PQA J PYC L C � Nd7 L AD\c[¢VcC&E ^ 5 JM^�L \zP J PYA J Vc\ ��` \c5 � ^ H J]� �7OPY\ih J e ` C&Z�7:HD[MZR=�� C:N PYA J PYC L C � Nd7 L AD\z[37:9 L Vz\zP ` 5 JM^ \zVcV `D^ PQNd7OP J 5-\cHG�>\ �T^ =R�7:HD5�qBmRPYA J 9G7��D\c9 ` 95 JML PYA�SXNQCT9 EuAD\c[dA�Vc\ �B` \c5�E�7OP J N [�7:H e J�L8` 9 LfJ 5!PQC2PYA JG^Q` NQS�7:[ J \ ^ q�� t&~ �B9b= l A J S�7:[MP PYA87OP9 J ViPY\cH � [�7:H CB[M[ ` NG7OP�q�� t&~��{9 5 J�L PYA 5 ` NY\zH ��L Vc7 `D^ \ze8V J PQ\c587:V�A J 7OPY\zH ��J h J H�P ^-^Q`D�T�TJM^ P ^ PYA87OPVc\ �B` \z52\ ^ 7�h:7:\zVX7Oe8V J PYC£e J�L8` 9 LfJ 5 `{L E�7ONY5bPYC-PQA J ^Q` NQS�7:[ J =

l A J � J Z 7:5{h:7:HRPd7 �TJ]^ CTS PQAD\ ^ 9 J [dA87:HD\ ^ 9 S C:N J � L VX7:\zHD\cH � eDNY\ � ARP�P J NQNY7:\cH 7ON J PYA{N J]J S CTVz5n=�>\zN ^ P�m Vc\ �B` \c5)E�7OP J N [�7:H'e J L8` 9 LfJ 5�PYC�PYA J-^�` NYS�7:[ J 5 JM^�L \zP J \zP ^ H J]� 7OPQ\zh J e ` C�Z�7:HD[�ZR=�? J []CTHD5nmPYA J�J N `{L PY\cCTH£VcC�[�7OPY\cCTH ^ 7ON J []CTH{¤8H J 5 ^ CTV J ViZ PYC6PYA J PQC L C � Nd7 L AD\z[�VcC&E ^¢}x� NY7Oe J H@��m ^ CKPQA J C:e ^�J NQh J 5L 7 ` []\iP Z�CTS [MNQZRC&hRCTVc[]7:HD\c[ � C&E S J 7OP ` N J]^¢J �BP J HD5D\cH � SXNYCT9 AD\ � AB�j7:VzPQ\zP ` 5 J 587ON��GP J NQNd7:\zH�\zH�PYC£VcC&E J N��7:VzPQ\zP ` 5 J eDNY\ � A�P�P J NQNY7:\cH'\ ^ H87OP ` Nd7:VcViZ J � L Vc7:\cH J 5n= l AD\zNQ5nm 7 ^ PYA J � Nd7Oe J H�¤8VcV>Eu\zPYA'Vc\ �B` \z5'E�7OP J N} EuAD\c[dA ^Q` e ^QJM�B`DJ HRPYVzZ!SXN J]J k J]^ \cHRPYCbSXN JM^ A�eDNY\ � ARP P J NQNd7:\cH@� maPYA J PQC L C � Nd7 L ARZ � A J HD[ JGL N JM^Q^Q` N J� Nd7:5D\ J H�P ^ � 5D\ ^ 7 LDLfJ 7ON 7:HD5)PYA J N J]^Q` NYS�7:[M\cH � 7 ` PQCT9v7OPY\c[]7:VcVzZ�[ J 7 ^QJ]^ = � 7OP J NKPYA J N J S C:N J [�7:HDHDC:PC&h J N � C&E PYA J � NY7Oe J Hn= l AD\ ^FL NYC&h{\c5 JM^ 7GH87OP ` Nd7:V ^ A ` P�� C:��9 J [dA87:HD\ ^ 9 PYA87OP37:VcVcC&E ^ PYA J ^ P�Nd7:\ � ARPefC ` HD587ONQ\ J]^ e J PjE J]J HbeDNY\ � ARP37:HD52587ON��P J NQNd7:\zH�PYC£e J�J � L Vc7:\cH J 5n=

��! #"�$�� % $&"�$�@C:N ^ 9v7:VcVxmR7:HD5�[]CTH ^ Pd7:H�P]m�9 J VzP�SXNd7:[MPQ\cCTHnm�C ` N ^ \c9 L V J 7:H87:ViZBPY\z[�7:V ^ CTV ` PY\cCTH L N J 5D\z[MP ^ PYA87OP�PYA J

9v7��{\c9 ` 9 5 JML PYA2SXNYCT90EuAD\c[dAbVz\ ��` \c5�E�7OP J NF[�7:H�N J 7:[ A�PYA J ^Q` NQS�7:[ J \ ^

�� t� VcH 46 �� } pR�

EuAD\c[dAGN J]^Q` ViP ^ SXNQCT9 J]��` 7OPY\cH � 45 1� EF\iPYA-PQA J h J NQPY\z[�7:V L N J]^Q^�` N J3� Nd7:5D\ J H�P�7OP � � ~�SXNYCT9 �W� = } rT��=�>\ �T` N J �£\cVcV `D^ PQNd7OP J]^ PQA J]^QJ 9G7��D\c9 ` 9 5 J�L PYA ^ � 7 ^ 7£S ` HD[MPY\cCTH2CTSaE�7�h J V J H � PYA � S C:N LfJ 7 �� PQCO�

t�q

LfJ 7 � ^ \zH `D^ CT\c587:V8PYC L C � Nd7 L AD\z[37:9 L Vz\zP ` 5 JM^ CTSf�DmBsBm+tTm�7:HD5�~�� q �{9 } 587 ^ AB��5DC:P�m ^ CTVc\z5nmB5DC:PQP J 5nmB7:HD5587 ^ A J 5'Vc\zH J]^ mfN JM^�LfJ [�PY\zh J ViZ8��= � PK\ ^ []V J 7ONKSXNQCT9 �.� = } pR�¢PYA87OP6PQA J 9v7��D\z9 ` 905 JML PYA'SXNYCT9 EuAD\c[dAVc\ �B` \z5 E�7OP J N [�7:H-e J�L8` 9 LfJ 5 PYCKPYA J�^Q` NYS�7:[ J \ ^ \cHD5 J�LfJ HD5 J HRP�CTS8h{\ ^ []C ^ \iPjZ 7:HD5 � Nd7�h{\iPjZR= �@C:N�[]CTHB�^ Pd7:HRP6PYC L C � Nd7 L AD\c[7:9 L Vc\zP ` 5 J m+PYA J 9v7��{\c9 ` 9<5 JML PYA'CTS L8` 9 L \cH � \cHD[�N J 7 ^QJ]^ Eu\zPYAbE�7&h J V J H � PYA7OP ^ 9G7:VcV E�7&h J V J H � PYA ^ 7:HD5)5 J [�N J 7 ^QJ]^ Eu\zPYA E�7�h J V J H � PYA'7OP6VX7ON �TJ E�7�h J V J H � PQA ^ mf9v7��{\c9G\zk]\cH � 7OP7:H \zH�P J NY9 J 5D\c7OP J E�7&h J V J H � PYA CTS6q:~ � t&~T~ �B9b= l A J N J 7 ^ CTH \ ^ 7 ^ S CTVcVzC�E ^ = � C:N�7 � \zh J H PYC L CO�� Nd7 L AD\z[ 7:9 L Vc\zP ` 5 J m ^ 9v7:VzV } J = � =zm � t&~ �B9��E�7&h J V J H � PYA ^ 5DC HDC:PuS�7�hRC:N L8` 9 L \zH �D| 7:ViPYADC `D� A�PYA J7:9 L Vz\zP ` 5 J]^ CTS PQA Ju^Q` NQS�7:[ JFL N J]^�^Q` N JF� NY7:5D\ J HRP ^ 7ON J Vc7ON �TJ mTPYA JuL N J]^Q^Q` N Ju� Nd7:5D\ J H�P ^ 5 J [�7�Z-NY7 L \c5DVzZEu\zPYA 5 JML PQAnm ^ C�Vc\ ��` \c5 [�7:H)CTHDViZ2e J L8` 9 LfJ 5)\zS \iP J �{\ ^ P ^ h J NQZ []VzC ^QJ PYCGPYA J^�` NYS�7:[ J�} � t �{s �{95 JML PYA@� = _ 7ON �TJG}�� t&~T~ �B9��.E�7&h J V J H � PYA ^ 7:V ^ CG5DC�HDC:P3S�7�hRC:N L8` 9 L \zH �D| PYA J L N J]^Q^Q` N J� NY7:5D\ J HRP ^J �BP J HD5 PYC � N J 7OP 5 JML PYAnm>e ` P PQA J Z�7ON J E J 7 �'e J [�7 `D^�J PQA J PYC L C � NY7 L AD\c[ ^ VzC LfJ]^ 7ON JG^ 9v7:VzV =v4�P\cHRP J NQ9 J 5D\X7OP J E�7�h J V J H � PQA ^ m+PYA J L N JM^Q^Q` N J � Nd7:5D\ J H�P ^ 7ON J� N J 7OP J HDC `D� A)PQCvC�h J NQ[]CT9 J PYA J H JM� 7��PY\ih J e ` C�Z�7:HD[�Z)CTS Vz\ ��` \c5bE�7OP J N�mn7:HD5)PYA J Z 7:V ^ C J �{P J HD5 PYCvN J 7 ^ CTH87Oe8V J 5 JML PYA ^ = l A J PQC L'L 7:H J V7 ^Q^Q` 9 J]^ 46 � pT~�� 9�� 27 ^ 7 LDL NYC L NY\X7OP J S C:N L8` N J \c[ J 7:HD5 E�7OP J N�= ?BCT9 J�^ 7:ViP ^ Z ^ P J 9 ^ CTSJ]` P J [MPY\c[�[]CT9 L C ^ \zPY\zCTH�A87�h J N J 5 ` [ J 5 Vc\ �B` \c5B� ^ CTVc\z5!5 J H ^ \zPjZ 5D\i� J N J HD[ J]^ m>ADC&E J h J N]«>S C:N J �D7:9 L V J mPYA J P J NYH87ONQZ-� � ? � � � � 7 � ? � � � � � � J]` P J [MPQ\c[FVz\ ��` \c5nmREFAD\z[ Av[MCTH�Pd7:\zH ^ � t�r�� ? � � 7:HD5�� 7 � ? � � e�Z'E J \ � A�P]m A87 ^ 725 J H ^ \zPjZ�CTHDVzZ!�T~ � � 9 �� N J 7OP J N PYA87:H!PYA87OP CTS.PYA J [MC:NQN J]^�L CTHD5D\cH �^ CTVz\c5nm�7:HD5 7 ^ \c9G\zVX7ON 5 J H ^ \zPjZ []CTHRPQNd7 ^ PGADCTVc5 ^ S C:N�PYA J e8\cH87ONQZ J]` P J [MPY\z[b� � ? � � � � � � } � 7ON �TJ Vt&�T�{t��=� ` NQPYA J NQ9GC:N J m \zP�\ ^�L C ^Q^ \ze8V J PQA87OP ^ \zVc\z[�7OP J []CTHRPd7:9G\cH87OPQ\cCTH'A J V L8^ 5 J [MN J 7 ^QJ PYA J 7&h J Nd7 �TJVc\ �B` \z5B� ^ CTVz\c5�5 J H ^ \zPjZG5D\i� J N J HD[ J } 7:ViPYADC `D� A�PYAD\ ^ []CTH{¤ �T` NY7OPY\cCTHG9G7&Z e Ju� Nd7�h{\zPY7OPY\cCTH87:VzVzZ ` H ^ PY7Oe8V J\cS ` HD5 J NYVc7:\cH e�Z []V J 7:H J N�\z[ J ��= l A J efC:PQPYCT9 L 7:H J V ^ ADC�E ^ PQA J 9v7��{\c9 ` 9 5 JML PQA CTS L8` 9 L \cH �7 ^Q^Q` 9�\cH � PYA87OP 45 � �R~ � � 9��= � H PYAD\ ^ [�7 ^QJ m Vc\ ��` \c5!E�7OP J N[�7:H e J�L8` 9 L+J 5 `{L E�7ONQ5 SXNQCT9t&~ �{s:~��{9 5 JML PQAn=

l A J S�7:[MPPYA87OPPYA J ADC:NY\zk]CTHRPd7:V.E�7�h J V J H � PYA PQA87OP S�7&hRC:N ^ L8` 9 L \cH � \ ^ q:~ � t&~T~��{9 } �>\ � = �R�\ ^ []CTH ^ \ ^ P J HRPGEu\zPYA PQA J2^ \zk J]^ CTS��7:H�ZB9 J 5 J � ^ N J]^�` NYS�7:[ J 5 5DCT9v7:\zH ^ m.EuAD\c[dA 7ON J PjZ L \c[�7:VzVzZ �T~ �� t&~T~ �B9 Eu\c5 J } ?BADC J 9v7 � J N J P�7:Vx= t&�TpRsT��= �6C�E J h J N�m¢\zPv\ ^G` HDVc\� J VzZ PYA87OPGPYA J PYC L C � Nd7 L ARZ7 ^Q^ C�[]\X7OP J 5bEF\iPYAbPYA J � NQCBC&h J]^ PYA J 9 ^QJ Vzh JM^ [�7:H)7:VcVzC�E N JM^Q` NYS�7:[]\zH � = � HD5D\zhB\c5 ` 7:V ��q�� t&~ �B9-� Eu\c5 J

t&�

� NYC�C�h J]^ Eu\zPYAD\zH!eDNY\ � ARP�P J NQNd7:\zH A87�h J-LfJ 7 �� PQCO� LfJ 7 �'PQC L C � Nd7 L ARZ)P Z L \c[�7:VzVzZ Nd7:H � \zH � SXNYCT9 �T~T~ �r:~T~�9 } ? ��` ZBN J]^ t&�Tp{t�� = l AD\ ^ PYC L C � Nd7 L ARZv\ ^ \cH ^Q` ��[]\ J HRP�PYC L8` 9 L E�7OP J N�PYC PYA J6^Q` NYS�7:[ J ` HDV J]^Q^9 J ViPY\cH � CB[M[ ` N ^ Eu\zPQAD\cH�PQA J `{LDL+J NY9GC ^ P ��t �B9bmBEuAD\c[dAb\ û` HDVz\� J ViZR=

��! #"�$�� % $&"�$

�uJ 7:Vc\ ^ PY\c[�PYC L C � Nd7 L A�Z S C:N.7 � 7OP�� CBC:N J 5 � Nd7Oe J H�[]7:H-e J¢J � L N J]^Q^QJ 5�7 ^ 7K� C ` NQ\ J N ^Q`{LfJ N L C ^ \ �PY\zCTH£CTS89v7:HRZ ^ \cH `D^ CT\c5 ^ CTS@5D\z� J NY\cH � E�7�h J V J H � PYA ^ m�7:HD5nmTe J [�7 `D^�J C ` NW7:H87:ViZBPY\z[ ^ CTV ` PQ\cCTH\ ^ Vz\cH J 7ON�mPYA J []C:NQN J]^�L CTHD5D\cH ��L N J]^Q^Q` N JG� Nd7:5D\ J H�P ^ [�7:H!e J [�7:Vz[ ` VX7OP J 5 SXNYCT9 �.� = } rT��= �>\ �T` N J r ^ ADC&E ^ 7:HJ �D7:9 L V J S C:N�7 s:~�� B9-� Eu\c5 J�� Nd7Oe J H�s �{9 5 J]JML = �6J 7ON PYA JF^�` NYS�7:[ J mBPQA J¢L N JM^Q^Q` N J6� Nd7:5D\ J HRP ^ A87�h J� N J 7OP J]^ P�9v7 � HD\iP ` 5 J 7OP>PYA J�J 5 �TJ]^ CTSDPYA J�� Nd7Oe J HnmTe ` PW7OP�5 JML PYA£PYA J�� N J 7OP JM^ P L N J]^Q^�` N Ju� NY7:5D\ J HRP ^7ON J 7OP PYA J�� Nd7Oe J H[ J HRP J N } �>\ � =:r�e � = � H�P J N J]^ PY\zH � VzZRm:S C:N 45 �$pT~�� 9 � � mTVc\ �B` \c5 [�7:H e J�L8` 9 L+J 5SXNYCT9 `{L PYC�p��{9 5 J�L PYA } �>\ � =TrO[��mR7 LDL NYC��D\c9G7OP J VzZ q:~ ��5 J]J�LfJ N�PYA87:HPYA J 9v7��{\c9 ` 9�5 J�L PYA-SXNQCT9EuAD\c[dA�Vz\ ��` \c5bE�7OP J NK[�7:H'N J 7:[dA'PYA J^�` NYS�7:[ J S C:N ^ \cH ` CT\c587:V PQC L C � Nd7 L ARZ CTS>PYA J^ 7:9 J 7:9 L Vc\zP ` 5 J} \x= J =zmUs�� {9 LfJ 7 �� PYCO� LfJ 7 �D��=v?B\z9G\cVc7ONYVzZRmnS C:N 72�O� �B9-��5 J]J�L�� Nd7Oe J H!PYA87OP \ ^ q:~��{9 7:[MNQC ^Q^ mUVz\ �B` \z5[�7:H�7 ^ [ J HD5'SXNYCT9 `{L PYC)t�q��B9 5 JML PQAnma7 � 7:\zH)7OefC ` P q:~ � � N J 7OP J NKPYA87:H PYA J 9v7��{\c9 ` 9 L8` 9 L �\cH � 5 JML PYA ^ S C:NGPQA J []C:NQN J]^�L CTHD5D\zH ��^ \cH `D^ CT\z587:VF[�7 ^QJ = l AD\ ^GJ HDA87:HD[ J 9 J H�Pv7 LDL 7ON J HRPYVzZ N J]^Q` ViP ^SXNYCT9<PYA J S�7:[�PFPYA87OP¢PYA J �@C ` NY\ J NF\zH�P J]� Nd7:VnN JML N JM^QJ HRPY\cH � 7 � NY7Oe J Hb[MCTH�Pd7:\zH ^ VzCTH � � E�7�h J V J H � PYA ^ \ �H `D^ CT\c587:V�[]CT9 L CTH J HRP ^ EuADC ^QJ LfJ 7 �� PYCO� LfJ 7 ��7:9 L Vz\zP ` 5 J]^-} EuA J H ^�` 9G9 J 5@� J �{[ J]J 5�PYA J�� Nd7Oe J H5 JML PYAn«.[]CTH ^ PQN ` [�PY\zh J 7:HD5 5 J]^ PQN ` [MPY\zh J \zH�P J NYS J N J HD[ J Eu\zPYA PQA J�^ ADC:NQP�� E�7&h J V J H � PYA ^ []CT9 L CTH J HRP ^PYA J H Z{\ J Vc5 ^ PYA J ¤8H87:V � Nd7Oe J H ^ A87 L+J } �>\ � =�r:7R��= ¡�J [�7 `D^QJ PYA JvL N J]^Q^Q` N J2� Nd7:5D\ J H�P ^ 7 ^Q^ CB[]\c7OP J 5Eu\zPYA2PQA J ^ ADC:NQP�� E�7�h J V J H � PQA []CT9 L CTH J H�P ^ 5 J [�7�Z2Nd7 L \z5DVzZ�EF\iPYA 5 JML PYA } �.� = rT��m8PYA J 9G7:\cH2S�7:[�PYC:N5 J P J NY9G\cHD\zH � PYA J 9v7��{\c9 ` 9<5 JML PYA)CTS L8` 9 L \zH � \ ^ PYA J VcCTH � � E�7&h J V J H � PYA []CT9 L CTH J HRP ^ = l A J N J �S C:N J PQA J VX7ON �TJ 7:9 L Vc\iP ` 5 J CTS3PQA J]^QJ []CT9 L CTH J HRP ^ [�7 `D^�J]^ 7:H J HDA87:HD[ J 9 J H�P�\zH PYA J 9G7��D\c9 ` 95 JML PYA2SXNYCT90EuAD\c[dAbVz\ ��` \c5�[�7:H 7 ^ [ J HD5n=

� A87OP�7ON J¢L Vc7 `D^ \ze8V J 5 JML PYA ^ S C:NWPQA Ju� Nd7Oe J H-Eu\zPQAD\cH-EuAD\c[dA£PYA J eDNY\ � A�P P J N�Nd7:\cH£S C:NY9 J 5 2g6^ �\cH � ^ P J N J C£\c9v7 �TJM^ mD?B[dA J H � J P¢7:Vx= } s:~T~{t��W\c5 J HRPY\i¤ J 5 ^ 9�CBC:PYAGN JM^Q` NYS�7:[ J 527ON J 7 ^ PYA87OP¢7ON J t �{s �{9VcC&E J N PYA87:H PYA J�^Q` NQNQC ` HD5D\cH �T^ = � \ ^ []C `D^ N J Vc7��87OPY\zCTH�A87 ^ L NQC:e@7Oe8VzZ V JM^Q^QJ H J 5 PYAD\ ^ PYC L C � Nd7 L ARZC&h J N�PY\c9 J m ^ CPYA J PYC L C � Nd7 L ARZv\z9G9 J 5D\c7OP J VzZ�7:SXP J N�N JM^Q` NYS�7:[]\zH � E�C ` Vz52A87�h J e J]J H J h J H � N J 7OP J N]=

t�r

l C ^Q` e89 J N �TJL N J � J �D\ ^ PY\cH � [MNd7OP J N ^ mnPYA J N J]^Q` NQS�7:[ J 5 7ON J 7 ^ 9 `D^ P A87�h J e J]J H � C�CB5 J 5)PYC�5 JML PYA ^CTS�� t �{9bmW\c9 L ViZ{\zH � 7:H C:NY\ � \cH87:V � Nd7Oe J H 5 JML PYA `{L PYC�s�� B9b= l A J 9 J [dA87:HD\ ^ 9 9 `D^ P�e J7Oe8V J PYC ^Q`{LDL ViZ�Vz\ ��` \c5�PYC£PQA J ^Q` NQS�7:[ J ` HRPY\cVfPQA J ¤8H87:V ^ Pd7 �TJM^ CTSa\cH{¤8VzV 7 ^ PYA J N JM^Q` NYS�7:[]\zH � [ J 7 ^QJM^ =�O� �B9 7:HD5 s�� {9 PYC L C � Nd7 L ARZRmUEuAD\c[dA 7ON J 7ON J�L Vc7 `D^ \ze8V Jv`{LDLfJ N-Vc\z9G\zP ^ S C:N PYA JvL N J � 7:HD5 L C ^ P��N J]^�` NYS�7:[]\cH �)� Nd7Oe J H 5 JML PQA ^ m�7:VcVzC�E E�7OP J N PYC2N J 7:[dA PYA JG^Q` NYS�7:[ J SXNYCT9 t&~ �{s:~��{9 7:HD5 q�� t&~��{95 JML PYAnm8N J]^�LfJ [MPQ\zh J ViZRm@5 J�LfJ HD5D\zH � CTH2PYA J Vc\ �B` \c5B� ^ CTVc\z525 J H ^ \zPjZ2[MCTH�PQNY7 ^ P�=

��CTH ^ \c5 J N�mnPYC�C:NY5 J N�� CTSc��9v7 � HD\iP ` 5 J mnPYA J e@7 ^ \c[ []CTH ^ PQNd7:\cHRP ^ CTH)9 J ViP�� L NYC�5 ` [MPY\zCTH)NY7OP J m LfJ N��9 J 7Oe8\zVc\iP ZRm:7:HD5 ^Q` e ^Q` NYS�7:[ J 9 J ViPWSXNY7:[MPY\cCTH-\c9 L C ^QJ 5£e�Z PYA J N J]��` \zN J 9 J H�P PYC S C:NY9 eDNY\ � ARPWP J NQNd7:\zHn=? `{LDL C ^�J PYA J hRCTV ` 9 J PQNY\c[ PQ\c587:V>A J 7OPY\zH � NY7OP J PQA87OP []7 `D^QJ]^ 9 J VzPY\zH � \ ^�� 7:HD5�PYA87OP�Vc\ �B` \z5'E�7OP J NL8` 9 L+J 5 PQC PQA J'^�` NYS�7:[ J C:NY\ � \zH87OP J]^ SXNYCT9 7 Nd7:H �TJ CTSK5 JML PYA ^ � = � S 7:VzV3CTS6PYA J Vc\ �B` \c5 E�7OP J NL NYC�5 ` [ J 5 C&h J NuPQAD\ ^ Nd7:H �TJ CTSa5 JML PYA ^ N J 7:[ A JM^ PYA J�^Q` NYS�7:[ J m@PYA J H2PQA J � Nd7Oe J H2Eu\cVzVf¤8VcV \cH27£PY\z9 J

�� } �R�

EuA J N J ��\ ^ PYA J 5 JML PYAGPQC EFAD\z[dAGPYA J3� Nd7Oe J H�7ON J � C�CB5 J 5nm � �$� �vt&~�� .\ ^ PQA J VX7OP J H�P.A J 7OPCTS�9 J VzPY\zH � 7:HD5 \ ^ \z[ J 5 J H ^ \zPjZR= g6^ \cH � � � t&~ �B9bm � � t&~�� 9��mU7:HD5 � �0t �B9bmfPYA J H�� t&~��fZ J 7ON ^ = � H C:PYA J N E�C:NQ5 ^ m�S C:N£N J 7 ^ CTH87Oe8V J PY\z587:V�A J 7OPY\zH � Nd7OP J]^ m>eDNY\ � A�PP J NQNd7:\zH ` HD\iP ^H J]J 5 J 5 7OP V J 7 ^ PGt&~ � Z J 7ON ^ PYCbS C:NY9 e@7 ^QJ 5 L8` N J VzZ CTH�PYA J N J]��` \zN J 9 J HRP PYC�9 J VzP]m PQNY7:H ^�L C:NQP PYCPYA J�^Q` NYS�7:[ J m.7:HD5�PYA J H N J SXN J]J k J 7 � t �{9-� 5 J]JML VX7�Z J N CTS�E�7OP J N]= � H�N J 7:Vz\zPjZRmUPYAD\ ^ VcC&E J N Vc\z9G\zP9v7�Z�e J6J h J H�VX7ON �TJ N]m�e J [�7 `D^QJ CTHDVzZv7SXNd7:[�PY\cCTH�CTSnPYA J Vc\ �B` \c5GE�7OP J N�PYA87OP�\ ^�L NYCB5 ` [ J 5�Eu\cVzV N J 7:[dAPYA J ^Q` NYS�7:[ J 7:HD52CTHDVzZ�7-SXNd7:[�PY\cCTH�CTS PYA J PQC:Pd7:VnA J 7OP L NQCB5 ` [MPY\zCTH2Eu\cVcVnV J 7:52PYC-9 J ViPY\cH � = l A J N J \ ^7:V ^ CvVX7ON �TJ ` HD[ J NQPd7:\zH�PjZ \zH � = l A J 7OefC&h J hO7:V `DJ \ ^ 7 LDL NYC L NY\c7OP J S C:N ^ CTSXPK\z[ J \cS>PYA J PY\c587:V � �8J �{\cH �^ PQNY7:\cHb7:9 L Vc\zP ` 5 J \ ^ ~{=yq�� t � q � t&~ � �Om{N J V J h:7:HRPFPYC�7:H2C:NQe8\iPd7:V J [][ J H�P�NY\c[]\iPjZ2CTS>~{= ~{t �B~{=y~RsB=

� S�PYA J N J \ ^ 7 ^ P J 7:5{Z�� ^ Pd7OP J e J PjE J]J H PQA J Nd7OP J CTS�Vc\ �B` \c5B� E�7OP J N L NYC�5 ` [MPY\cCTH 7:HD5�PQNd7:H ^�L C:NQPPYC£PYA J ^�` NYS�7:[ J m@PYA J HbSXNYCT9 �W� = } ��PYA J N J]�B` \iN J 5 L+J NY9 J 7Oe8\cVc\iPjZ�\ ^

� � � � ��

� *�� } t&~R�

t&p

EuA J N J �� *!\ ^ PYA J 7:A�ZB5{NYC ^ Pd7OPQ\c[ L N J]^Q^Q` N J)� Nd7:5D\ J HRP J]�B` 7:V¢PYC!PYA J h J NQPY\c[]7:Vu[]CT9 L CTH J HRPvCTSPYA Jv��` 7:H�PY\iPjZ \cH ^��B` 7ON J eDNd7:[�� J P ^ \zH �.� = } ��= � S�PQA J 5 J S C:NY9v7OPY\zCTH P J NY9 5DCT9G\cH87OP JM^ C�h J NPYA JH J]� 7OPY\ih J e ` C&Z�7:HD[MZRmaPQA J H�SXNYCT9 �.� = } rT� m �� *�� 1� � = l A J h{\ ^ []C ^ \iPjZ�CTS�Vz\ ��` \c5�E�7OP J N \ ^� �� $~�� ~T~Rs�;�7 ^QJ [O=a�@C:N � �$� �¢t&~� � 9 � � m�[]C:NQN J]^�L CTHD5D\zH � PYCu7¢ADC:NQ\ck]CTHRPd7:V � Nd7Oe J H�E�7&h J V J H � PYACTS.t&~T~��{92m �.� = } t&~R��\z9 L Vc\ J]^ PYA87OP

� � t&~ � � � t&~��fZ J 7ON ^�� 9 � � } tTt��

l AD\ ^ \ ^ PYA J LfJ NQ9 J 7Oe8\cVz\zPjZKN J]��` \zN J 5 PYCFPQNd7:H ^�L C:NQPaVc\ �B` \c5 E�7OP J N `{L E�7ONQ5 7OPaPYA J Nd7OP J \zPU\ ^ L NQCB5 ` [ J 5e�ZGPY\c587:V A J 7OPY\zH � C�h J N¢7 NY7:H �TJ CTS 5 J�L PYA ^ � = ��J [�7:HvN J VX7OP J PYAD\ ^.LfJ NY9 J 7Oe8\zVc\zPjZ£PYC 9 J ViP�SXNd7:[MPQ\cCTH7 ^ S CTVzVcC&E ^ = � H�N J 7:V 9G7OP J NY\c7:V ^ EF\iPYAG5D\zA J 5{Nd7:V 7:H � V J]^ V J]^Q^ PYA87:Hv�T~ * m{7OP ^ 9v7:VzVD9 J VzPWSXNd7:[MPQ\cCTH ^ m�PYA JLfJ NY9 J 7Oe8\zVc\zPjZvPjZ L \z[�7:VcViZv5 JML+J HD5 ^ CTH29 J VzP¢SXNd7:[MPY\zCTHb7 ^

� � � �� } t�sT�

EuA J N J ��\ ^3� Nd7:\zH ^ \zk J 7:HD5 � � � t&~� � } ?�P J h J H ^ CTH'7:HD5'?B[]C:PQPt&�T�{t��= �W�B` 7OPY\zH � �.��^ = } t&~R�¢7:HD5} t�sT��m E J [�7:H'PQA J N J S C:N J£^ CTVih J S C:N�PQA J 7�h J Nd7 �TJ ^ P J 7:5{Z�� ^ Pd7OP J 9 J ViP6SXNd7:[MPQ\cCTH'\cS�9 J ViP L NYCB5 ` [�PY\cCTHEu\zPYAD\zH2VX7�Z J N � \ ^ e@7:VX7:HD[ J 52e�Z LfJ NY[]CTVX7OPQ\cCTH�CTSU9 J ViP¢PQC�E�7ONQ5�PYA J ^Q` NYS�7:[ J:|

� � t� � � ��

� *�� } t&�R�

� S E J 7 � 7:\zH�Pd7 � J �� *� � 1� � mDPYA J H � ��t&~�� } t 9G9 ��{� } t&~��+Z J 7ON ^ � � � �� =��6Nd7:\cH ^ \ck J]^ 7ON J` H �{HDC&EuH e ` PG9v7�Z e J ~{=ct � t 9G9 } � \zN�� 7:HD5 ?�P J h J H ^ CTH$t&�TpRrT� EuAD\c[dAnm�S C:N � � �� t&~��fZ J 7ON ^ m\c9 L Vc\ JM^ PYA87OP � � ~��y~T~{t �B~{= ~{tT= �@C:NGPYA J]^�J 9 J VzP�SXNd7:[MPY\zCTH ^ m�PYA J `{L E�7ONY5 LfJ NY[MCTVX7OPY\zCTH Nd7OP J CTSVc\ �B` \z5 E�7OP J N�e@7:VX7:HD[ J]^ \iP ^-L NYC�5 ` [MPY\zCTH Nd7OP J�` HD5 J N L VX7 `D^ \ze8V J PY\c587:V�A J 7OPQ\cH � = ;WA�Z ^ \c[�7:VzVzZRm PYA J\c5 J 72\ ^ PYA87OP PYA J 9 J VzP SXNd7:[MPQ\cCTH ^QJ VcSc�j7:5�� `D^ P ^ PYC2N J 7:[ A 7 ^ P J 7:5{Z ^ Pd7OP JO| \cS.PQA J 9 J ViP SXNd7:[�PY\cCTH \ ^PYC�CVcC&E mBPQA J H L+J NY[]CTVc7OPY\cCTH�\ ^ \cH J ��[]\ J HRPu7:HD5�PQA J 9 J VzP�SXNd7:[MPY\zCTH�\zHD[MN J 7 ^�J]^ = � SnPYA J 9 J ViP�SXNd7:[MPQ\cCTH\ ^ PYC�C�AD\ � Anm LfJ NY[]CTVX7OPQ\cCTH'\ ^ Nd7 L \z5!7:HD5'PYA J 9 J VzP3SXNd7:[MPY\zCTH�5 J [�N J 7 ^QJ]^ = l A J ^ PQNQCTH � 5 JML+J HD5 J HD[ J

t&�

CTS L+J NY9 J 7Oe8\cVc\iPjZvCTH�9 J VzP�SXNd7:[�PY\cCTH27:[MP ^ 7 ^ 7£H J]� 7OPY\ih J S JMJ 5{e@7:[��PYA87OP ^ PY7Oe8\cVc\zk J]^ PYA J 9 J 7:H�9 J ViPSXNd7:[MPQ\cCTH�PQCG7£hO7:V `DJ CTS>~{= ~T~{t �B~{=y~{tT=

¡�J [�7 `D^�J PYA J 9G\zHD\c9 ` 9 5 JML PYA�CTS+PQA JFL 7ONQPY\c7:VcVzZ 9�CTVzP J H-N J]� \cCTH ^ CTH�� 7:HRZ{9 J 5 J \ ^ q�� t&~ �B9bm7:HD5�PQA J `{LDLfJ NY9GC ^ PuVc\iPYADC ^�L A J N J \ ^�J �BPQN J 9 J VzZ�[]CTVz5nm8PQA J 9G\z[MNYC ^ [MC L \c[�9 J VzP�9�\ � Nd7OPY\zCTHvE J A87�h J5 J]^ [�NY\ze J 5 9 `D^ P J h J HRP ` 7:VzVzZ � \ih J E�7�Z PYC 9v7:[MNQC ^ []C L \c[ � C�E 7:VcCTH � SXNd7:[MP ` N JM^ EF\iPYAD\cH PQA Jb`{L �LfJ NY9GC ^ P q�� t&~��{9 CTS.� 7:HRZ{9 J 5 J � ^ Vz\zPYADC ^�L A J N J = l AD\ ^�^ \zP ` 7OPY\cCTH)\ ^ 7:H87:VzC � C `D^ PQC�PYA87OPKS C:NKhRCTV �[�7:HD\ ^ 9,CTH � 7ONQPYA | 9 J ViP6\ ^3L NYC�5 ` [ J 5�\cH NYCB[��)7OPFP J 9 L+J Nd7OP ` N JM^�J �D[ J]J 5D\cH � t&~T~T~ � m LfJ NY[]CTVX7OP J]^`{L E�7ONY5nmU7:HD5 J h J HRP ` 7:VcViZ J H�P J N ^ V J H ^QJM^ C:N SXNd7:[MP ` N JM^ maEuAD\c[dA J H87Oe8V J]^ \zPKPYC�N J 7:[dA!PYA J []CTVc5 `{L �LfJ N-Vz\zPYADC ^�L A J N J EF\iPYADC ` PSXN JMJ k]\cH ��J H NYC ` P J = � �D7:[MPYViZ!ADC&E PYA J PQNY7:H ^ \zPY\zCTH SXNYCT9 9G\z[MNYC ^ []C L \z[PYC-9v7:[MNYC ^ [MC L \c[KPQNd7:H ^�L C:NQPFC�[][ ` N ^ \ ^�L C�C:NYVzZ ` HD5 J N ^ PYCBC�5n=�?�P J h J H ^ CTH } t&�TpT�R� L CT\zH�P J 5bC ` P¢PYA87OP7 L 7ONQPY\c7:VcVzZ�9GCTViP J H!N JM� \cCTH ` HD5 J N � CT\zH ��^ A J 7ON 5 J S C:NY9v7OPY\zCTH \ ^ ^Q` e � J [�P£PQC�7:H \zH ^ Pd7Oe8\cVz\zPjZ'PYA87OP[�7 `D^QJM^ 9 J ViP£[]CTHD[ J HRPQNd7OPY\zCTHnm.e J [�7 `D^QJ N JM� \cCTH ^ CTSFAD\ � A 9 J ViP-SXNY7:[MPY\cCTH A87&h J VcC&E L N J]^Q^�` N J 7:HD5h{\z[ J h J N ^ 7{mREFAD\z[ Av5{NQ\zh J]^ 9 J VzPW9G\ � Nd7OPY\cCTH£SXNYCT9 N J]� \zCTH ^ CTSfVzC�E 9 J ViP SXNd7:[MPY\zCTH�PYC N JM� \cCTH ^ CTS+AD\ � A9 J ViP SXNd7:[�PY\cCTHn= �6H � 7ONQPQAnmUPYAD\ ^ L NYC�[ J]^Q^ [MC ` Vc5 L NYCB5 ` [ J 9G7 � 9v7�V J H ^QJ]^ PYA87OP J h J HRP ` 7:VcViZ�S J]J 5\cHRPYC-SXNd7:[MP ` N JM^ m+7:HD5b7 ^ \z9G\cVc7ON L NYCB[ JM^Q^ 9v7�ZGe J N J V J h:7:HRP3CTHb� 7:HRZ{9 J 5 J =

��CTH ^ \c5 J NFPYA J []CTHD5D\zPY\zCTH ^ H J]J 5 J 5 S C:N3Vz\ �B` \z5�PYC£N J 7:[dA2PYA J ^Q` NYS�7:[ J EF\iPYADC ` PFSXN J]J k]\zH � =�? `{L �L C ^�J PQA87OPF7 h J N�PY\c[�7:V+SXNd7:[MP ` N J�J �BP J HD5 ^ SXNYCT9 PYA JK^Q` NYS�7:[ J PYC£7 ^ C ` NY[ J N J]� \zCTH�CTS Vc\ �B` \c5vE�7OP J N¢7OPq�� t&~��{9 5 JML PQA�7:HD5!PYA87OP�Vc\ �B` \z5 J N `{L P ^ CTHRPYC�PQA J-^Q` NQS�7:[ J S C:N 7�PY\z9 J �� = �6h J N PYAD\ ^ PY\z9 J mA J 7OPaEF\zVcVRVX7OP J Nd7:VcViZK5D\z� `D^�J 7u5D\ ^ Pd7:HD[ JK}� �� SXNYCT9 PYA J SXNd7:[�P ` N J m:EuA J N J� � t&~��n9 � ^QJ [ � �\ ^ PQA J PYA J NY9v7:V 5D\z� `D^ \zhB\zPjZR= l A J 7&h J Nd7 �TJ A J 7OP �8` � [MCTHD5 ` [MP J 5 VX7OP J NY7:VcVzZ�C ` PCTS�PYA J SXNd7:[�P ` N JE�7:VzV ^ \ ^�� 4 � }� � �� m�EuA J N J

�� s:~T~T~ � � � � � � � � \ ^ PYA J¢^�LfJ []\z¤8[uA J 7OP.CTS \c[ J 7:HD5

4 � � t�s:~ � \ ^ PYA J P J 9 L+J Nd7OP ` N J 5D\i� J N J HD[ J e J PjE J]J H!PQA J E�7ONY9 SXNd7:[MP ` N J 7:HD5�PQA J£^�` NQNYC ` HD5B�\cH � []CTVc5 \c[ J = } l AD\ ^-J]^ PY\c9v7OP J \zHD[]V ` 5 JM^ CTHDVzZ Vc7OP J Nd7:V�A J 7OP-[]CTHD5 ` [MPQ\cCTH 7:HD5 H J]� V J [�P ^ h J N�PY\c[�7:VA J 7OPuVcC ^Q^ SXNYCT9 PYA J SXNd7:[MP ` N J PQC-PYA JK^Q` NYS�7:[ J = l AD\ ^ 7 ^Q^Q` 9 L PQ\cCTH2\ ^ h:7:Vz\c5�7 ^ VzCTH � 7 ^ }� �� \ ^ V JM^Q^ PYA87:H 7�S J E �{9 7:HD5 �� \ ^ V J]^Q^ PYA87:H � � � t&~ � Z J 7ON ^ =y� l A J A J 7OP�VcC ^ P-SXNYCT9 PYA JSXNd7:[MP ` N J Eu\cVcV [�7 `D^�J PYA J Vz\ ��` \c5�E�7OP J N3\zH�PYA J SXNd7:[MP ` N J PYCGSXN JMJ k J =��3h J NFPQA J []C ` N ^QJ CTS PYA J J N `{L �PY\zCTHnm PYA J hRCTV ` 9 J CTS.E�7OP J N PYA87OP SXN J]J k J]^ m L+J N ` HD\zP V J H � PYA CTS�PYA J SXNd7:[MP ` N J 7:VcCTH � PQA J�^Q` NYS�7:[ J m

s:~

\ ^��4 � � }� �� mDEFA J N J � \ ^ PQA J VX7OP J H�PFA J 7OP3CTSU9 J VzPY\zH � 7:HD5 � \ ^ PYA J h J NQPY\c[]7:VaV J H � PYA

CTS�PYA J SXNd7:[MP ` N J = � S�E J E�7:HRP�7 ^Q` e ^ Pd7:H�PQ\X7:VUSXNd7:[�PY\cCTH'CTS>PYA J Vc\ ��` \c5bE�7OP J NKPYCvN J 7:[dA'PQA J£^�` NYS�7:[ JEu\zPYADC ` PuSXN J]J kM\cH � m8PYA J H2PYA J PYC:Pd7:V J N `{L PY\cCTH2hRCTV ` 9 J6LfJ N ` HD\zPFV J H � PYA�CTS PYA J SXNd7:[MP ` N J 7:VcCTH � PYA J^Q` NYS�7:[ J m�� m89 `D^ P J �D[ JMJ 52PYA J hRCTV ` 9 J CTS E�7OP J NuPQA87OPFSXN JMJ k J]^ = l AD\ ^ \z9 L Vc\ J]^

�� 4 � ��

�� ~��yr Z J 7ON ^�� 9 � ^QJ [ � � } t��

EuA J N J ��} 9 � ^QJ [ � � � \ ^ PYA J hRCTV ` 9 J P�NY\c[ J N `{L PY\zCTHGNd7OP J¢LfJ N�V J H � PYAGCTSnSXNY7:[MP ` N J 7:VzCTH � PYA J3^�` NYS�7:[ J7:HD5 � � q �{9 A87 ^ e J]J H `D^�J 5GS C:N�PYA J H ` 9 J NY\c[�7:V JM^ PY\c9G7OP J = } �� [�7:H-e J hB\ J E J 5�7 ^ PYA J�L NYCB5 ` [MPWCTSPYA J SXNd7:[MP ` N J EF\z5{PYAb7:HD5�PYA J h J NQPY\c[]7:V ^�LfJ]J 5 CTSaVc\ �B` \c5�E�7OP J NF7 ^ [ J HD5D\cH � PYA{NQC `D� A2PYA J SXNY7:[MP ` N J =y�_ CTH �TJ N��5 ` NY7OPY\cCTH J N `{L PY\zCTH ^ N J]�B` \iN Jv^ 9v7:VzV J N J � `D^ \cCTH Nd7OP JM^ PQC L N J h J HRP-SXN J]J k]\zH � e J [�7 `D^QJ PYA JA J 7OP �8` � 7�E�7�Z!SXNQCT9 PQA J SXNd7:[MP ` N J 5 J [�N J 7 ^QJ]^ Eu\zPQA�PY\z9 J = � N `{L PQ\cCTH ^ Vc7 ^ PY\zH � tG7:HD5 t&~T~�Z J 7ON ^N J]��` \zN J2J � `D^ \zCTH Nd7OP J]^vJ �{[ J]J 5D\zH � ~{= r!7:HD5 ~��y~Rr>9 � ^�J [ � � m�N JM^�LfJ [�PY\zh J ViZR= �@C:Nv7 SXNd7:[�P ` N J ta9Eu\c5 J mDPYA J]^�J Nd7OP JM^ []C:NQN J]^�L CTHD5�PYC-h J N�PY\c[�7:V J N `{L PY\cCTH�h J VcC�[]\zPY\ J]^ CTSU~{= r£7:HD5b~�� ~Rr�9 ^QJ [ � � =

� C:PY\z[ J PYA87OP6PYA J SXNd7:[�P ` N J EF\z5{PYA)5DC J]^ HDC:P J HRP J N �W� = } t��¢5D\zN J [�PYVzZ+«nVc\ ��` \c5)[�7:H N J 7:[dA'PYA J^Q` NYS�7:[ J2J]��` 7:VcVzZ�E J VcV�\cH J N `{L PY\zCTH ^ Eu\zPYA Nd7 L \c5 � C�E PQA{NYC `D� A H87ONQNYC&E<SXNd7:[MP ` N J]^ C:N J N `{L PQ\cCTH Êu\zPYA ^ VzC�E � C�E PYA{NYC `D� AGEu\c5 J SXNd7:[�P ` N J]^ m87 ^ VzCTH � 7 ^ �� \ ^�^Q` ��[]\ J HRPYViZvVX7ON �TJ} 7:VcV@PYA87OP�\ ^ N J]�B` \iN J 5\ ^ PQA87OP6PYA J PYC:Pd7:V 9G7 ^Q^ CTS�Vc\ ��` \c5 LfJ N6PY\c9 J PYA87OP � C�E ^ PYA{NYC `D� A)PYA J SXNd7:[MP ` N J-J �D[ J]J 5'PYA J 9v7 ^�^LfJ N PQ\c9 J CTS Vz\ �B` \z5 PYA87OP�SXN J]J k J]^ «�PYA J 9v7 ^Q^ L+J N�PY\c9 J PYA87OP�SXN J]J k J]^ 5 J�LfJ HD5 ^ CTH J N `{L PY\zCTH-5 ` Nd7OPQ\cCTHe ` P£HDC:P CTH SXNd7:[MP ` N J Eu\c5{PYA@� ='�6C&E J h J N�m>PYA J SXNd7:[MP ` N J Eu\c5{PYA L Vc7&Z ^ 7:H \zHD5D\zN J [�P£NQCTV J e J [�7 `D^QJEu\c5 J NuSXNd7:[MP ` N J]^ 9v7�Z�7:VcVzC�E Vc7ON �TJ N J � `D^ \cCTH2Nd7OP J]^ �� =

l A J 7OefC&h J [MCTH ^ PQNd7:\zH�PCTH!\cHD5D\zhB\c5 ` 7:V�SXNd7:[MP ` N J]^ [�7:H!e J []CT9e8\cH J 5!EF\iPYA!PYA J-� VcC:e@7:V H J]J 5PYCGN JM^Q` NYS�7:[ J eDNY\ � A�P3P J NQNd7:\zHbEF\iPYA)7�PYAD\c[��BH J]^Q^ �� t �B9 CTS>[MN�ZRC�hRCTVz[�7:HD\c[ � C&E ^ =K? `{LDL C ^�J�� \ ^PYA J 7�h J Nd7 �TJ-^�L 7:[]\zH � e J PjE JMJ H SXNd7:[MP ` N JM^ PYA87OP J N `{L P�mUHDC:P H J [ J]^Q^ 7ONY\cViZ ^ \z9 ` ViPd7:H J C `D^ ViZRm Eu\zPQAD\cHeDNY\ � A�P�P J N�Nd7:\cHn= l A J H�E J 9 `D^ P�A87�h J �� f=.��\ih J H�7£9 J 7:H�SXNd7:[MP ` N JK^�L 7:[M\cH � mDE J [�7:H`D^QJ PYAD\ ^ []CTHRPQNd7:\cHRPFPQC J Vz\c9G\zH87OP J �� SXNYCT9 �W� = } t�� |

sBt

�� 4 � ��

� � � s � t&~ �� t&~ �B9� 9 � ^QJ [ � � } t�qT�

EuA J N J PYA J H ` 9 J NY\z[�7:V J]^ PY\c9v7OP J `D^QJ]^ � � q��B9 7:HD5 � � t �{9b=¢�@C:NK7 � \zh J H SXNd7:[�P ` N J ^�L 7:[]\zH � mPYAD\ ^3J]�B` 7OPQ\cCTH � \zh JM^ PYA J 9G\zHD\c9 ` 9 J � `D^ \zCTH)NY7OP J]^ PYA87OP65 J Vc\zh J N ^ t �{9 CTS>Vz\ ��` \c5bPYCGPYA J^�` NYS�7:[ JEu\zPYADC ` PKSXN JMJ k]\cH ��J H�NQC ` P J = �@C:N t&~�� B9,SXNd7:[MP ` N J£^�L 7:[]\cH � mnPYA J []C:NQN JM^�L CTHD5D\zH �2J N `{L PQ\cCTH)PY\c9 JM^7ON J�� s � t&~ � Z J 7ON ^ =

��JJ � LfJ [MP3PYA87OP�m CTHD[ J H J]� 7OPY\ih J VzZ�e ` C�Z�7:HRP6Vz\ �B` \z5b¤8VcV ^ 9v7:[MNYC ^ []C L \c[ SXNY7:[MP ` N J]^ mfPYA J PYC L CO�� Nd7 L AD\z[�7:VcViZ\cHD5 ` [ J 5 L N J]^Q^�` N JF� Nd7:5D\ J HRP ^ []7:H-5{NY\ih J PYAD\ ^ Vc\ �B` \c5 CTHRPYCKPYA J�^Q` NYS�7:[ J \cH PYC L C � Nd7 L AD\z[VcC&E ^ = � H�hB\ ^ \zCTH�7 �8` \c5B� ¤8VcV J 5!SXNd7:[�P ` N J£J �{P J HD5D\cH � SXNYCT9 PYA J L 7ONQPY\X7:VzVzZ29GCTVzP J HbN J]� \cCTHnm 7OP � q��t&~��{9�5 J�L PYAnm{PYCPYA J SXN J]JK^Q` NQS�7:[ J = �W�B` 7OPY\zCTH } rT�W\z9 L Vc\ J]^ PYA87OP�m{7OP�PYA J [ J HRP J N¢CTS 7 PYC L C � Nd7 L AD\z[VcC&E } \ = J =cm � � ~R��m8PYA J 5D\z� J N J HD[ J \zH)7:A�ZB5{NYC ^ Pd7OPQ\c[ L N J]^Q^Q` N J e J PjE J]J H)5 JML PYA � 7:HD5 5 JML PYA)k J NQCDm[�7 `D^QJ 5-e�Z PYA J PYC L C � NY7 L A�ZRmT\ ^ � � � } t �� = � H£[]CT9 L 7ONY\ ^ CTHnm:PYA J 7:5D5D\zPY\zCTH87:V L N JM^Q^Q` N J 7OP>PYA Je@7 ^QJ CTS�PYA J �8` \c5B� ¤8VzV J 5�SXNd7:[MP ` N J m [�7 `D^QJ 5'e�Z PYA J 7:5D5D\iPY\cCTH87:V E J \ � ARP LfJ N 7ON J 7�CTS�PYA J Vc\ ��` \c5nmf\ ^

45 1� � = l A J N J S C:N J mBPYA JuL N J]^Q^Q` N J Eu\zPQAD\cH�PYA J \c[ J 7OP.PYA J e@7 ^�J CTSfPYA J SXNY7:[MP ` N J Eu\cVzV J �D[ J]J 5�PQA87OP�CTSPYA J Vc\ ��` \c5£E�7OP J N.\cH-PQA J SXNd7:[MP ` N J \cS � � �� } t �� 45 1� � =>? ` [dA�7 L N JM^Q^Q` N J 5D\i� J N J HD[ J Eu\cVcV[�7 `D^QJ PYA J \z[ J PYC 5 J S C:NY9bm�[]CT9 L 7:[�PY\cH � PYA J SXNd7:[�P ` N J 7:HD5�5{NY\zhB\cH � Vz\ �B` \z5-E�7OP J N.CTHRPYC PQA JF^Q` NYS�7:[ J =�@C:N3VcCTH � E�7�h J V J H � PQA ^ m PYAD\ ^ []CTHD5D\iPY\cCTHb[]7:H2e J 7 LDL NQC&�{\c9v7OP J VzZvE¢NY\zPQP J H 7 ^ � � � � � � 46 � =.�@C:Nt&~T~��{9-� E�7&h J V J H � PYA ^ 7:HD5 46 � �0~��y~Tp{m>7 ^ [ J H�P£CTS�PYA J Vz\ �B` \z5 E�7OP J N \zH �8` \c5B� ¤8VzV J 5 SXNd7:[MP ` N J]^CB[M[ ` N ^ EuA J H � � � � � t � � �B9b=

��7:H �8` \z5 N J 7:Vz\ ^ PY\z[�7:VcViZ6e J 5 J Vc\ih J N J 5 PYCuPYA J ^Q` NYS�7:[ J 7OPaPQA J Nd7OP JWJ �{[ J]J 5D\zH � PYA J VcC&E J N Vc\c9�\zP CTS�.� = } t�qT� �'7:H�Z ` H{N J]^ CTVih J 5 \ ^Q^Q`DJM^ J �D\ ^ PUN J]� 7ONY5D\zH � 9 J VzP ^QJ]� N J]� 7OPQ\cCTHCTH � 7ONQPQAnmOe ` PW7:H87:VzZBPQ\c[�7:V7:HD5GH ` 9 J NY\z[�7:V8[�7:Vc[ ` VX7OPY\zCTH ^ 5 J 9�CTH ^ PQNd7OP J PYA87OPW9 J ViP ^�J]� N J]� 7OPY\zCTH�\zH�PYC V J H ^�J]^ 7:HD5G[dA87:HDH J V ^ \ ^ 7L VX7 `D^ \ze8V J J HD5 N J]^Q` VzPaCTSB9 J VzP 9G\ � Nd7OPY\cCTH } J = � =zm:?�P J h J H ^ CTHGt&�TpT�{m � \ �T� \cH ^ 7:HD5? L \ J]�TJ Vc9G7:H-t&�T�RqT��=��CTH ^ \c5 J Nu7[MZBVc\cHD5{NQ\c[�7:VzVzZ ^ A87 LfJ 5 �8` \c5B� ¤8VzV J 5 � 9v7 � 9v7 [dA87:9e J N � CTSa5D\c7:9 J P J N �� ` HD5 J NYViZ{\cH � 7�8` \c5B� ¤8VcV J 5�SXNY7:[MP ` N JJ �BP J HD5D\zH � PQCGPYA J ^Q` NYS�7:[ J Eu\zPQAD\cH)7 � Nd7Oe J Hn= � S>PYA J PYC L C � NY7 L AD\c[ L N JM^Q^Q` N J� Nd7:5D\ J H�P ^ C�h J N�EFA J Vz9 PYA J H J]� 7OPQ\zh J e ` C&Z�7:HD[MZ�CTS �8` \c5 \zH ^ \c5 J PYA J SXNd7:[�P ` N J m 7:HD5�PYA J 9v7 � 9v7[dA87:9e J N�Vc\ JM^ 5 JML PQA � e J VzC�E PYA J�^Q` NYS�7:[ J m�PYA J H PYA J N J Eu\cVzV�e J 7 L N J]^Q^Q` N JbJ �D[ J]^Q^ � � 1� � �

sTs

e J P E J]J H PYA J \z[ J 7:HD5 PYA J �8` \c5 \cH ^ \z5 J PYA J 9v7 � 9G7b[ A87:9e J N } A J N J � \ ^ PYA J�� Nd7Oe J H 5 JML PYA@� =l AD\ ^�L N J]^Q^�` N J 5D\i� J N J HD[ J Eu\cVzVf5{NY\ih J [MCT9 L 7:[MPY\zCTHvCTS PYA J 9v7 � 9G7 [ A87:9e J Nu7:HD5�S C:NY[ J �8` \z5�CTHRPYCPYA J ^�` NYS�7:[ J = l A J ^ PQNd7:\zH2Nd7OP J \cHbPYA J \c[ J N J]^Q` VzPQ\cH � SXNYCT90PYAD\ ûL N J]^Q^Q` N J 5D\z� J N J HD[ J \ ^ � � � � � � mEuA J N J � \ ^ PYA J h{\ ^ []C ^ \iPjZ2CTS>PYA J \z[ J ^Q` NQNQC ` HD5D\cH � PYA J 9v7 � 9v7£[ A87:9e J N�= l AD\ ^6^ PQNd7:\cHbNY7OP J [�7:He J6JM�B` 7OP J 5vPYC PQA J SXNd7:[MPY\zCTH87:V+Nd7OP J CTS [dA87:H �TJ CTS 9v7 � 9v7 [dA87:9e J N�hRCTV ` 9 J m �� = l AD\ ^ \c9 L Vc\ JM^PYA87OP

�� } t&�R�

�@C:N � � t&~��{9bm � � t �B9bm � � � � t&~ � �f9 � �]m �� t �{9bm�7:HD5 � � t&~�� ;�7 ^QJ [:m ��

~��y~{t 9 � ^�J [ � ��= l AD\ ûJ � `D^ \zCTH Nd7OP J J �D[ J]J 5 ^ PYA J VcC&E J N3Vc\c9�\zP�e�Z�S C ` NKC:NY5 J N ^ CTS>9v7 � HD\zP ` 5 J 7:HD5^Q`D�T�TJ]^ P ^ PYA87OP�mf\zS 9 J VzP6[]7:H ^QJM� N J]� 7OP J \zH�PYC ��tM� �{9-� EF\z5 J V J H ^�J]^ mnPYA J H PYA J 9 J ViP6[�7:H e J J 7 ^ \cVzZ5 J Vz\zh J N J 5bCTH�PQC-PYA J ^Q` NYS�7:[ J � \cH�PYC L C � NY7 L AD\c[�VcC&E ^ � e J S C:N J SXN JMJ k]\cH � =

l A J S�7:[�PWPYA87OP>E�7ONY9bm ^ CTSXP \c[ J¢` HD5 J NYVz\ J]^ PYA J¢^Q` NYS�7:[ J \c9 L Vc\ JM^ PYA87OP�PYA Ju� NY7Oe J H£EF\zVcVBe J¢� NY7&h��\zPY7OPY\cCTH87:VzVzZ'N J VX7��{\cH � EuAD\cV J PQA J N J]^Q` NYS�7:[]\zH � C�[][ ` N ^ = l C L NYCB5 ` [ J eDNY\ � A�PP J NQNd7:\zHnm PYA J�� Nd7Oe J H9 `D^ P2¤8VzV�e J S C:N J PQA J Z � NY7&hB\zPd7OPY\zCTH87:VcViZ N J VX7��fm6\c9 L ViZ{\zH � PYA87OP �� = l A J N J S C:N J m S C:NVc\ �B` \z5B� E�7OP J NG[MNQZRC&hRCTVc[]7:HD\c[ L NYC�5 ` [MPY\zCTH CTS3eDNY\ � ARPGP J N�Nd7:\cH PQC CB[][ ` N�m�PYA Jb� Nd7�h{\iPd7OPY\cCTH87:V�N J VX7��7OPY\zCTH2PY\c9 J]^ [�7:V J 9 `D^ P J �{[ J]J 5 t&~��fZ J 7ON ^ =3�6Nd7&hB\zPd7OPQ\cCTH87:VnN J Vc7��87OPY\zCTH2A87 ^ 7�[]CTHRP J HRPY\zC `D^ AD\ ^ PYC:NQZS C:N6\z[MZ ^ 7OP J VcVz\zP JM^ = � 7ONYViZRm L8` N J VzZ2hB\ ^ [MC `D^ [�7:Vc[ ` VX7OPY\zCTH ^ CTSUPYA J N J VX7��D7OPY\cCTH L NQCB[ J]^�^ \c9 L Vz\ J 5�PYA87OPPYA J N J VX7��D7OPY\cCTH'PY\c9 J S C:N[MNY7OP J N ^ \ ^ ^ ADC:N�P } � t&~��fZ J 7ON ^ � J h J H�S C:N 72[]CTVc5nm \ ^ C:PYA J NY9v7:V�\cHRP J NY\zC:N} 7:H)7 ^Q^�` 9 L PY\cCTH PYA87OP39v7��D\z9G\c9 JM^ PQA J N J VX7��D7OPY\cCTH�PY\c9 J ��m \z9 L VzZB\cH � PQA87OP�� 7:HRZ{9 J 5 J 7:HD5��¢7:V �Vc\ ^ PYC � ^ [MNY7OP J N ^ ^ ADC ` Vc5 A87�h J 7:VzV>[]CT9 L V J P J ViZ N J VX7�� J 5nm [MCTH�PQNY7ONQZ)PYC2C:e ^QJ NQh:7OPQ\cCTH ^v} l ADCT9v7 ^ 7:HD5?B[dA ` e J NQP-t&�TpTpR��=�?�P ` 5D\ J]^ 7OPQP J 9 L PQ\cH � PYC ��` 7:H�PY\zSXZbPYA JJ � J [MP ^ CTS J VX7 ^ PY\c[]\iPjZbCTH PYA J N J Vc7��87OPY\zCTHA87�h J C:eDPd7:\zH J 5b[]CTHRPQNd7:5D\z[MPYC:NQZ�N J]^�` VzP ^ } �6\cVzV � N J H27:HD5b� J VcC ^ A t&�TpT�{m I CT9e@7ONY5bs:~T~T~R��= l C�587OP J mPYA J 9GC ^ PKPYADC:NYC `D� A�7:H87:ViZ ^ \ ^ A87 ^ e J]J H LfJ NQS C:NY9 J 5!e�Z I CT9 e@7ONQ5 7:HD5 �)[ � \cHDHDCTH } s:~T~T~R�67:HD5I CT9e@7ONY5 } s:~T~T~R��«�PYA J Z \cHD[]V ` 5 J 5 PYA J VX7OP J]^ Pv\z[ J NYA J CTVzC � \c[�7:V¢587OPd7 } �KCTVc5 ^ e�Z 7:HD5 � CTADV ^ P J 5{Ps:~T~{t��W7:HD5 L Vc7 ^ PY\z[ J � J [MP ^ 7 ^ E J VcVf7 ^.J VX7 ^ PQ\c[]\iP ZR= I CT9e@7ONY5v7:HD5��)[ � \cHDHDCTH } s:~T~T~R� ^ ADC�E J 5vPYA87OP7G[]CTVz5nm+\ ^ C:PYA J NY9v7:V \c[�Z ^ 7OP J VcVc\iP J []7:H \cHD5 J]J 5'9v7:\zH�Pd7:\zH�PYC L C � Nd7 L ARZbC&h J Nt&~ � � Z J 7ON3PY\z9 J]^ []7:V J]^ m

s:�

A J V L \cH � PYC N JM^ CTVzh J PYA J3L8` kMk]V J Nd7:\ ^QJ 5ve�Z l ADCT9v7 ^ 7:HD5�?B[dA ` e J NQP } t&�TpTpR��=>�6C&E J h J N�m8� 7:HRZ{9 J 5 JPYA J NQ9v7:V>9GCB5 J V ^KL N J 5D\c[�P PYA87OP�PYA J A J 7OP �8` �!\cH�7Oe ^QJ HD[ J CTS.PY\z587:V�A J 7OPY\cH ��^ ADC ` Vc5 e J-L+J NYA87 L8^7�S J E 9 � 9 � � } � \zN � 7:HD5 ?�P J h J H ^ CTH t&�TpRrBm�� `DJ VcV J N�7:HD5 �)[ � \cHDHDCTH�t&�TpTpR��= � A J H ^ P J]JMLP J 9 LfJ Nd7OP ` N J�� NY7:5D\ J HRP ^ 7ON J \cHD[MV ` 5 J 5 J �BP J HD5D\zH � 5DC�EuH�E�7ONY5 SXNYCT9 7 ^Q` NYS�7:[ J P J 9 L+J Nd7OP ` N J CTSt�s:~ � m@PYA J N J Vc7��87OPY\zCTH2PY\c9 J]^ 7ON J t&~ � � t&~ � Z J 7ON ^ 5 JML+J HD5D\cH � CTHbPYA JJ �D7:[MP3PYA J NQ9v7:V L NQC:¤8V J 7:HD5VX7:HD5DS C:NQ9 5D\X7:9 J P J N }xI CT9 e@7ONQ5)s:~T~T~R��= l 7 � J H)7OPFS�7:[ J hO7:V `DJ m ^Q` [dA ^ ADC:NQP3N J Vc7��87OPY\zCTH�PY\z9 J]^ 7ON JL NYC:e8V J 9v7OPY\z[ S C:NFC ` N3[MNQZRC&hRCTVc[]7:HD\ ^ 909GCB5 J V m@7 ^ E J VcVa7 ^ S C:N67 �TJ H J Nd7:V ` HD5 J N ^ PY7:HD5D\cH � CTSU[MNd7OP J NN J P J H�PQ\cCTH ` HD5 J N L Vc7 `D^ \ze8V J A J 7OP � C&E ^ CTH PYA J \c[MZ ^ 7OP J VcVz\zP J]^ =!�6C&E J h J N�m ^QJ h J Nd7:V�9 J [dA87:HD\ ^ 9 ^J �{\ ^ PFS C:N6V J H � PQA J HD\cH � PYA J N J VX7��D7OPY\cCTH�PY\c9 J]^ mDEFAD\z[dA 9v7&Z�A J V L N J]^ CTVih J PYA J 5D\ ^ [MN J�L 7:HD[MZR=u�>\iN ^ P�mI CT9e@7ONY5 7 ^Q^Q` 9 J 5 7 � Nd7:\cH ^ \zk J CTS t 9G9bm e ` P]mW7 ^ A JvL CT\zH�P J 5 C ` P]mWC:NY5 J N��CTSc� 9v7 � HD\zP ` 5 J \zHB�[MN J 7 ^QJ]^ \cHvPYA JK� Nd7:\cH ^ \zk J [�7:H�[�7 `D^QJ C:NY5 J N�� CTSc��9v7 � HD\iP ` 5 J \cHD[�N J 7 ^QJ]^ \cHvPYA J hB\ ^ []C ^ \zPjZ�7:HD5�A J HD[ JN J Vc7��87OPY\zCTH�PY\z9 J =�? J []CTHD5nm>VcC&E ^Q` NYS�7:[ J P J 9 LfJ Nd7OP ` N J]^ m>7 ^ 9v7�Z J �D\ ^ P7OP AD\ � A Vc7OPY\zP ` 5 J]^ \zS�PYA JN J]� CTVz\zPYA \ ^ HDC:P ^ PQNQCTH � VzZ \cH ^Q` Vc7OPY\cH � m L NQCT9GC:P J VcCTH �TJ N-N J VX7��D7OPY\cCTH PY\c9 J]^ = l AD\zNY5nm I CT9e@7ONY5 � ^[�7:Vz[ ` VX7OPY\zCTH ^ 7 ^�^Q` 9 J 5 � C&E EF\iPYAD\cH 7�5 J]JML m []CTH ^ Pd7:HRP��5 J H ^ \zPjZ Vc7&Z J N�«U\cS PYA J \z[ J�^ A J VcV�E�7 ^ PQAD\cH7OPKPYA J PY\c9 J CTS�N J]^�` NYS�7:[]\cH � m C:N \cS.� 7:HRZ{9 J 5 J A87 ^ 7�VzC�E��5 J H ^ \zPjZ'[MN `D^ P]m PYA J H J 7ON�� ^Q` NYS�7:[ J�� C�EE�C ` Vz5Ge J []CTH{¤8H J 5�PYC 7 [dA87:HDH J VfPQA87OP�E�C ` Vc5v\zHD[MN J 7 ^�J PYA J N J Vc7��87OPY\zCTH�PY\c9 Ju^Q` e ^ Pd7:H�PQ\X7:VcViZ }xJ = � =cm� \c9�9GC£7:HD5)?�P J h J H ^ CTH's:~T~{t��=W�@C ` NQPYAnm8\zSaPYA J AD\ � A2PYA J NY9v7:V � Nd7:5D\ J H�P ^ CB[][ ` NQN J 5bCTHDViZ JML \ ^ C�5B�\c[]7:VcVzZ�C:N¢E J N J ^�L 7OPY\c7:VcViZ�[]CTH{¤8H J 5 PYC�H87ON�NYC�E N J]� \cCTH û` HD5 J NYH J 7OPYAbPQA J � Nd7Oe J H }xJ = � =cm{PYA J N J]^Q` ViPCTSWN ` H87&E�7�Z'A J 7OPY\zH � 7:VcCTH � SXNd7:[MP ` N J]^ « � \c9G9GC�7:HD5 � 7:\z5DC ^ s:~T~RsT��mfPQA J H!PYA J 7�h J Nd7 �TJ PYA J NY9v7:V� Nd7:5D\ J H�P 7O� J [MPY\zH � N J VX7��87OPQ\cCTHbE�C ` Vz5�e J ^ 9G7:VcV J N�m L NYCT9GC:PQ\cH � VcCTH �TJ N�N J VX7��D7OPY\cCTHbPY\z9 J]^ =��>\cSXPQAnm5{Z{H87:9�\c[�7:VzVzZG\zHD5 ` [ J 52PQC L C � Nd7 L ARZ�7 ^Q^ C�[]\X7OP J 5�Eu\zPQA�Vc7OP J Nd7:Vf5 J H ^ \zPjZ�[]CTHRPQNd7 ^ P ^ [�7:H�e J N J PY7:\cH J 59 ` [dAbVcCTH �TJ N¢PYA87:H2PQC L C � Nd7 L ARZ�\cHb7£[]CTH ^ Pd7:HRP�� 5 J H ^ \zPjZ29 J 5D\ ` 92«DS C:N J �D7:9 L V J m � 7ONQPYA � ^ 9v7:HRPYV J[]CTHRh J [MPY\zCTH []7:H L NYC�5 ` [ J 5{Z{H87:9G\z[�PYC L C � Nd7 L A�Z!EF\iPYA Vc\cS J PY\c9 JM^ CTS�t&~ � Z J 7ON ^ C:N 9�C:N J 5 J]^�L \iP JPYA J S�7:[MP PYA87OP PYA JvL C ^ P � VX7:[]\c7:Vi� N J efC ` HD5 PY\z9 J]^ [�7:V J)} EuAD\c[dA \ ^J � J [MPY\zh J VzZ�EuA87OP I CT9e@7ONY5 [�7:V �[ ` Vc7OP J 5@� \ ^ t&~��nZ J 7ON ^ = �KH � 7:HRZ{9 J 5 J m�VX7OP J Nd7:V.5 J H ^ \zPjZ�[]CTHRPQNd7 ^ P ^ 9�\ � ARP e J 7 ^Q^ CB[]\c7OP J 5�EF\iPYAVX7OP J Nd7:V>5D\z� J N J HD[ J]^ \cH ^ 7:Vc\zHD\zPjZ } L C ^Q^ \ze8ViZ'[]C `{L V J 5�PYC�PYA J NY9v7:V>[]CTHRh J [MPY\zCTH \cH'PYA J \c[ J VX7�Z J N �6C:N^ \zVc\c[]7OP J VcCR7:5D\cH � CTSWPYA J \c[ J VX7�Z J N } LfJ NYA87 L8^ N JM^Q` VzPY\zH � SXNYCT9 7:H ` H J h J H ^�L 7OPY\c7:V�5D\ ^ PQNQ\ze ` PY\zCTH!CTS

sO�

\c9 L 7:[MP��[�Nd7OP J N J � J [MPY7R��= IKJ Pd7:\zV J 5bH ` 9 J NQ\c[�7:V ^ P ` 5D\ J]^ CTS PQA J N J Vc7��87OPY\zCTH L NQCB[ J]^�^ EF\zVcVne J H J]J 5 J 5PYC �B` 7:HRPY\cSXZ�PYA J]^�J J � J [MP ^ =

�� O¨Q§ � � � ¦ ¨�� ª ©B¨ � §�¦�� "!$#�ª � ©�ª �

46ViPYADC `D� A!Vz\ �B` \z5B� E�7OP J NKN J]^Q` NYS�7:[M\cH � \ ^ 7OP�PQNd7:[MPY\ih J mnE J A87&h J L CT\zH�P J 5!C ` PKPjE�C25D\�G[ ` ViPY\ J]^M|} \X��PYA J Vc7ON �TJ H J]� 7OPQ\zh J e ` C&Z�7:HD[MZGCTS L8` N J Vc\ ��` \c5GE�7OP J N.N J VX7OPY\ih J PYC L8` N J \z[ J3J H ^�` N J]^ PYA87OP�Vz\ �B` \z5[�7:H�CTHDVzZGe J�L8` 9 LfJ 5�PYCPYA JK^Q` NYS�7:[ J SXNYCT9 q�� t&~��{9�5 J�L PYAnmDEFAD\z[ A�\cH�P ` NYH�N J]��` \zN JM^ Vc7ON �TJ PY\c587:VA J 7OPY\zH � NY7OP J]^ PYC L NYCB5 ` [ J Vc\ �B` \z5-7OP ^�` [ A ^ A87:VcVzC�E 5 J�L PYA ^ m�7:HD5 } \z\ �aPYA J¢� Nd7�h{\iPd7OPY\cCTH87:VRN J Vc7��87OPY\zCTHPY\z9 J]^ 7ON JGL C:P J HRPY\X7:VzVzZ ^ ADC:NQP J N PYA87:H�PYA J \zHDS J NQN J 5 9G\zHD\c9 ` 9 PY\z9 J PYC 9 J VzP�mUP�Nd7:H ^�L C:N�PPYC PYA J^Q` NYS�7:[ J mD7:HD5�N J SXN J]J k J 7� t �B9-��5 JMJML Vc7&Z J N.CTS+Vz\ �B` \z5-E�7OP J N�= �FJ]^�` NYS�7:[]\cH � e�Z ^ V `D^ A�� 7 9v7OP�NY\i�CTS{\z[ J Eu\zPQA7uS J E L+J NY[ J HRP>C:NaV J]^�^ Vc\ �B` \z5 E�7OP J N � L NQC�hB\c5 J]^ 7:H7:VzP J NYH87OPY\zh J PYA87OPaA J V L8^ 7:9 J Vz\cC:Nd7OP JPYA J]^�J-L NYC:e8V J 9 ^ = � S�[MN `D^ Pd7:V J �{P J H ^ \cCTH�[�7:H L NQCB5 ` [ J C LfJ H J �{P J H ^ \cCTH!SXNY7:[MP ` N J]^ � t&~T~�9 EF\z5 JCTH � Nd7Oe J H � CBC:N ^ m{PYA J H�PYA J PYC L C � NY7 L AD\c[ L N J]^�^Q` N J � NY7:5D\ J HRP ^ 7 ^Q^ C�[]\X7OP J 5�Eu\zPYAvPYA JK� Nd7Oe J H�9v7&Ze J 7Oe8V J PYC�5{NY\zh J 9v7:[MNYC ^ [MC L \c[�efCB5D\ J]^ CTS ^ V `D^ A�PYA{NYC `D� A-PYA J]^QJ []CTHD5 ` \zP ^ CTH�PQC PYA Ju� Nd7Oe J H � CBC:N ^ =

?BV `D^ A2[�7:H�e J []VzC ^QJ PQC£H JM` PQNd7:VcViZve ` C�Z�7:HRP�m ^ C£PYA J H J P L N J]^Q^Q` N J � Nd7:5D\ J HRP ^ PQA J ^ V `D^ A J � LfJ �NY\ J HD[ J]^ 7ON J []VzC ^QJ PYCPYADC ^QJ \cH��>\ �T^ =W�:e�7:HD52q�e = g HD5 J NQH J 7OPYA�PYC L C � Nd7 L AD\z[6VcC&E ^ m{PYA J N J S C:N J mDPYA J^ V `D^ A [�7:H J � L+J NY\ J HD[ J 7�H J P `{L E�7ONY5 L N J]^Q^Q` N J � � Nd7:5D\ J H�P S C:NY[ J 7OP�5 JML PQA ^ � N J 7OP J N PQA87:H�s:~��{9bm5 JML+J HD5D\cH � CTH!PYA J E�7�h J V J H � PQA�CTS.PYA J PQC L C � Nd7 L ARZR=�?BV `D^ A�[�7:H PYA `D^ e J 5{NY\zh J H `{L E�7ONQ5 SXNQCT95 JML PYA ^ � s:~ �B9bm+S�7ON J �D[ J]J 5D\cH � PYA J 5 JML PYA�SXNYCT9 EFAD\z[dA!Vc\ �B` \z5'E�7OP J N�[�7:H J 7 ^ \cViZbe J L8` 9 LfJ 5n=� ` PYA J NY9GC:N J mTe J [�7 `D^�J PYA J¢^ V `D^ A�\ ^ 7:Vz9GC ^ P>H J]` P�Nd7:VcViZe ` C�Z�7:HRP�mRPYA J 5 JML PYAGSXNYCT9�EuAD\c[dA£PYA Ju^ V `D^ A[�7:H e J L8` 9 LfJ 5 \ ^ 7:Vz9GC ^ P \cHD5 J�LfJ HD5 J HRP>CTSBPQA J PYC L C � Nd7 L AD\c[W7:9 L Vz\zP ` 5 JF}x` HDVc\� J PQA J Vz\ �B` \z5B� E�7OP J N[�7 ^QJ m�EuA J N J VX7ON �TJ ��7:9 L Vc\iP ` 5 J PYC L C � NY7 L A�Z E�7 ^ H J]J 5 J 5GPQC []C ` HRP J NY7:[MP.PYA J VX7ON �TJ H J]� 7OPQ\zh J e ` C�Z��7:HD[MZ)CTS�PYA J Vc\ �B` \c5@� = l A J N J S C:N J m � NY7Oe J H)EF\iPYA�7�N J VX7OPY\ih J VzZ29GCB5 J]^ PK5 JML PYA } J = � =zm � t �{9v�u[�7:H^Q` ��[ J S C:NF5{NY\zhB\cH ��^ V `D^ A `{L E�7ONY5n=

l A J�� Nd7�h{\iPd7OPY\zCTH87:V N J Vc7��87OPY\zCTH L NQC:e8V J 9 \ ^ V J]^�^ ^QJ h J N J S C:N ^ V `D^ A!N J]^Q` NQS�7:[]\cH � PQA87:H!Vc\ �B` \z5B�E�7OP J N>N J]^Q` NYS�7:[M\cH � = l A J S�7:[�P PQA87OPUPYA J PYC L C � Nd7 L AD\c[ L N JM^Q^Q` N J¢� Nd7:5D\ J H�P ^ []7:H-5{NY\ih J�^ V `D^ A `{L E�7ONY5SXNYCT9 � N J 7OP J N 5 JML PQA!PYA87:H Vz\ �B` \z5�E�7OP J N \z9 L Vc\ J]^ PYA87OP�ma7OP V J 7 ^ P \cHD\zPQ\X7:VcViZRmfPYA J h J NQPY\z[�7:V>PYA J NY9v7:V

sTq

� Nd7:5D\ J H�P � � � � *G[�7:Hbe J VcC&E J N6S C:N ^ V `D^ A N JM^Q` NYS�7:[]\zH � PQA87:H S C:N6Vc\ �B` \c5B� E�7OP J NuN J]^Q` NQS�7:[]\cH ��}x^ \zHD[ J9 J ViPY\cH � P J 9 LfJ Nd7OP ` N J \ ^ N J 7:[dA J 5 7OP �,s:~��{9 \zH PQA J S C:NQ9 J N [�7 ^QJ e ` P-7OP-q�� t&~ �B9-��5 J�L PYA \cHPYA J VX7OPQP J N£[�7 ^QJ ��= l AD\ ^ 7:VcVcC&E ^£� N J 7OP J N � Nd7�h{\zPY7OPY\cCTH87:V.N J VX7��D7OPY\cCTH�PY\z9 J�^ [�7:V JM^ = � ` NQPYA J NY9GC:N J m^ \zHD[ J CTHDViZ 7'S J E LfJ NQ[ J HRPvCTSuPYA J 9v7 ^Q^ CTS ^ V `D^ A \ ^ Vc\ �B` \z5nm.7 � \ih J H hRCTV ` 9 J CTS ^ V `D^ A [�7:H e JL NYC�5 ` [ J 5�9GC:N J3J 7 ^ \cVzZ-PYA87:HvPYA J6^ 7:9 J hRCTV ` 9 J CTS Vz\ �B` \z5n= g HD5 J N L VX7 `D^ \ie8V J PY\z587:V+A J 7OPQ\cH � Nd7OP J]^ mPYA J 9�\cHD\c9 ` 9 PY\z9 J]^ [�7:V J H J]J 5 J 5 PYC L NYC�5 ` [ JJ HDC `D� A ^ V `D^ AbPYC�¤8VcV PYA J � Nd7Oe J Hnm � � �� m+9v7�Z�PYA J He J � t&~�� t&~ � Z J 7ON ^ NY7OPYA J N¢PYA87:H t&~��fZ J 7ON ^ 7 ^ S C:NuPYA J Vc\ ��` \c5�[�7 ^QJ =

l A J � J Z L NQC:e8V J 9 Eu\zPYA ^ V `D^ A2\ ^ ADC�E PQC-PQNd7:H ^�L C:NQP¢\zP¢PYA{NYC `D� A�PYA J�`{LDLfJ NY9�C ^ PF[MCTVc52Vz\zPYADCO�^�L A J N J PYC�PYA J ^Q` NYS�7:[ J =¢;�7ONQPY\c7:VcViZ�9GCTVzP J H�NYC�[ � ^ 7:HD5 \z[ J Eu\zPYAb9 J VzPuSXNd7:[MPY\zCTH ^ CTS�7�S J E L+J NY[ J HRPA87�h J h{\ ^ []C ^ \zPQ\ J]^ PjZ L \z[�7:VcViZ�P J H�PQ\c9 J]^ VcC&E J N�PYA87:HvPYA87OP�CTS ^ CTVz\c5vNYCB[��C:N�\c[ J 7OP�PYA J 9 J VzPY\zH � P J 9-�LfJ Nd7OP ` N J'} � CTADV ^ P J 5{P 7:HD5 of\c9�9 J NY9v7:H t&�T�T�{m IKJG_ 7)��A87 L+J VcV JGJ P 7:Vx=�t&�T�T�R� = l A J N J S C:N J PYA J^ V `D^ Avh{\ ^ []C ^ \zPjZ-\ ^W^ PY\cVzV Vc7ON �TJ m � t&~ �� t&~ � �f;�7 ^�J [:mD7:HD5GPYA `D^ PYA J [MCTHD5 ` \zP ^ PQA{NYC `D� AGEFAD\z[dA ^ V `D^ AN J 7:[dA J]^ PYA J¢^Q` NYS�7:[ J 9 `D^ P�e J Eu\c5 J = l A J¢L N J]^Q^Q` N J¢� Nd7:5D\ J H�PW5{NY\ih{\cH � PYA J�^ V `D^ A�\ ^ 7 LDL NYC&�{\c9v7OP J VzZ

1� � � } �W� = rT� mfEFAD\z[ A�\c9 L Vz\ J]^ 7�5{NY\ih{\cH � S C:NY[ J£L+J N�SXNd7:[MP ` N J � E�7:VzVW7ON J 7 1� � �� m EFA J N J�� \ ^ PYA JEu\c5{PYA CTSWPYA J SXNd7:[�P ` N J PQA{NYC `D� A!EuAD\c[dA ^ V `D^ A�7 ^ [ J HD5 ^ PYC2PYA J-^Q` NYS�7:[ J = l AD\ ^ S C:NY[ J£LfJ N 7ON J 72\ ^N J]^ \ ^ P J 5)e�ZbPYA J h{\ ^ []C `D^6^ A J 7ON ^ P�N J]^Q^ � �� m EuA J N J � \ ^ PYA J h J NQPQ\c[�7:V 7 ^ [ J HRP6h J VcC�[]\zPjZ�CTS>PYA J^ V `D^ A�PYA{NQC `D� A�PYA J SXNd7:[MP ` N J = ¡ 7:Vc7:HD[]\cH � PYA JM^QJ S C:NY[ J]^ 7:HD5 J]�B` 7OPQ\cH � PYA J 7 ^ [ J HRP PY\z9 J PYC � � � mEuA J N J � \ ^ PQA J h J NQPY\z[�7:V�V J H � PQA�CTS�PYA J SXNd7:[MP ` N J m � \zh JM^ 7:H�7 ^ [ J H�PPY\z9 J CTS � � � } � � �� =��@C:N^ V `D^ A�PYC�N J 7:[dA!PQA J-^Q` NQS�7:[ J m PYA J 7 ^ [ J HRP PY\z9 J 9 `D^ PKe J V J]^Q^ PYA87:H)PYA J PYA J NY9v7:V>5D\i� `D^ \zCTH�PY\z9 J m� � � «.C:PYA J NQEu\ ^QJ m PYA J�^ V `D^ A EF\zVcV�[]C�CTV m ^ PQ\z� J Hnm.7:HD5 ^ Pd7:VzV = l A `D^£^ V `D^ A [�7:H N J 7:[dA PQA J�^�` NYS�7:[ JCTHDVzZ�\zS

� � � � � � �

�� } t�rT�

EuAD\c[dA�\ ^ � t&~ � 9�S C:N ^ V `D^ Avh{\ ^ []C ^ \iPY\ J]^ CTS t&~ �� t&~ � �f;�7 ^QJ [:= � P�N J 9v7:\cH ^.` HD[]V J 7ON�EuA J PYA J N�C LfJ H[]CTHD5 ` \iP ^ � t&~ � 90Eu\c5 J E�C ` Vc5 7:[�P ` 7:VcViZ�S C:NQ9b«@PQA J J �BP J H ^ \zCTHb9G\ � ARPu\cH ^ P J 7:52e J 7:[M[]CT9GCB587OP J 5e�Z ^ Vc\ L 7:VcCTH � HDC:NY9G7:VWS�7 ` ViP ^ m J � J [MPY\zh J VzZ L N J []V ` 5D\zH � PQA Jv`{L E�7ONQ5 PQNY7:H ^�L C:NQP CTS ^ V `D^ An= 465D5D\ �PY\zCTH87:V+\ ^�^Q`DJ]^ 7:V ^ CN J 9v7:\cHn«�S C:N J �87:9 L V J m�PQA J hRCTVz[�7:HD\ ^ 9�9G\ � A�P L NQCB5 ` [ J �{9£� Pd7:VzV VzC:e@7OP J3^ [�7ON L8^ m

s:�

EuAD\c[dA27ON J HDC:P�C:e ^QJ NQh J 5n«8S ` NQPQA J NY9GC:N J m{\zP�\ ^ HDC:P�C:e�hB\cC `D^ ADC&E VX7ON �TJ 9v7 ^Q^QJ]^ CTS ^ V `D^ A�Eu\cVzV PQNY7:HB�^ \iPY\cCTH SXNYCT9 5D\c7 L \zNY\z[�� PjZ L+J � C&E \cH PQA J 5 J]JML ^Q` e ^�` NYS�7:[ J PYC � C�E 7:VcCTH � SXNd7:[MP ` N JM^ EF\iPYAD\cH PYA JVc\iPYADC ^�L A J N J = ¡�` P PYA J 9 J [dA87:HD\ ^ 9 E�7ONQNd7:HRP ^ S ` NQPYA J N ^ P ` 5{ZRm�7:HD5 E JvJ 9 L A87 ^ \ck J PYA87OP5 J]^�L \iP JPYA J 7OefC&h J [dA87:VcV J H �TJ]^ PYA JF^ 7:9 J 7:5{hO7:H�PY7 �TJ]^.J �{\ ^ P.7 ^ S C:NWPYC L C � Nd7 L AD\c[ L8` 9 L \cH � CTS+Vz\ �B` \z5-E�7OP J N� J N `{L PY\cCTH ^ 7ON J [MCTH{¤8H J 5 PYC�PQC L C � Nd7 L AD\z[2VcC&E ^ 7:HD5 [ J 7 ^QJ CTHD[ J PYA J2� NY7Oe J H ¤8VzV = IKJ Pd7:\cV J 5H ` 9 J NY\z[�7:V ^ \c9 ` Vc7OPY\cCTH ^ 7ON J N J]��` \zN J 5�PYC J h:7:V ` 7OP J PYA J 9 J [dA87:HD\ ^ 9<S ` NQPYA J N�m+7:HD5�E J V J 7�h J PQA J]^QJS C:N¢PYA J S ` P ` N J =

� ��

� �� © � #R§ �� O¨Q§ � �� &%]© �&')(.§�� ¨ � � � � � ª�©�¨ � §�¦��

� S+PYA J Vc\zPQADC ^�L A J N J 7OefC&h J PYA J 9G\cHD\z9 ` 9 5 J�L PYAvCTSf9 J ViPY\cH � A87 ^ 7:Hv7�h J Nd7 �TJ 5 J H ^ \iP Z � N J 7OP J NPYA87:H�PYA87OP¢CTSaVz\ �B` \z5�E�7OP J N�m{PYA J Vc\ �B` \z5�[�7:H�9G\ � Nd7OP J PYC PYA J�^Q` NYS�7:[ J m8A J V L \cH � PYC L NQCB5 ` [ J eDNY\ � ARPP J N�Nd7:\cHn= ? ` [dA 7�5 J H ^QJ2`{LDLfJ N�Vc\zPQADC ^�L A J N J 9v7&Z�e J [�7 `D^�J 5 e�Z ^ \zVc\z[�7OP J []CTH�PY7:9G\cH87OPY\zCTH SXNQCT97 ^ P J NYCT\c587:V3C:N�[MCT9 J Pd7ONQZ \c9 L 7:[MP]= � 7:Vc\zV J C � Nd7�h{\iPjZ 587OPd7 \c9 L ViZ PQA87OPb��7:H�ZB9 J 5 J \ ^�^ PQNYCTH � VzZ5D\z� J N J HRPY\c7OP J 5-7OP L N J]^QJ HRP } 46HD5 J N ^ CTH J P 7:V =�t&�T�T�R� mT7:HD5£PQA J NY9v7:V�9GCB5 J V ^¢} ?B[dA ` e J NQP J PW7:V =�t&�Tp{tTm�)[ � \cHDHDCTH�7:HD5';�7ONQ9 J HRPY\ J N t&�TpT�R� ^Q`D�T�TJ]^ P�7OP3V J 7 ^ P L 7ON�PY\X7:V 5D\z� J N J HRPY\X7OPQ\cCTH)5 ` NY\cH � 7:[][�N J PY\zCTHn=l AD\ ^>L NYCB[ J]^Q^ E�C ` Vc5 �8`D^ A-PQA Ju^Q` NQS�7:[ J Vc7&Z J N ^ CTS@NYC�[��fmTV J 7&hB\cH � 76N J VX7OPY\ih J VzZ L8` N J \c[ J Vc\iPYADC ^�L A J N J =? ` e ^QJ]��`DJ HRP�\c9 L 7:[MP ^ E�C ` Vc5G[]CTHRPd7:9G\zH87OP J PYA JF`{LDL+J N�Vz\zPYADC ^�L A J N J Eu\zPYA ^ \cVz\c[�7OP JM^3}xJ = � =cmR; NYCB[��BP J NJ P37:V =Ft&�T�TpR� = � ` N � CR7:V \ ^ PYC�[�7:Vz[ ` VX7OP J PYA J Vc\zPQADC ^�L A J NY\z[ ^ \zVc\c[]7OP J 9v7 ^�^ VzCR7:5D\cH � e�Z�[]CTH ^ \c5 J NY\cH �PYA J \c9 L 7:[MP¢AD\ ^ PYC:NY\ J]^ 5D\ ^�L VX7�Z J 5b\zH�PYA J [MNd7OP J NY\cH � N J []C:NY5n=

��J�^ Pd7ON�PuEu\zPYA�[MNd7OP J N ^ Pd7OPY\ ^ PY\c[ ^ SXNYCT9 ?�PQNYCT9 J Pu7:Vx= } t&�Tp{t�� mBEFADC L N J]^QJ H�P J 5 [MNd7OP J Nu[]C ` HRP ^7 ^ 7'S ` HD[�PY\cCTH CTSF[MNd7OP J N£5D\X7:9 J P J N£S C:N-5D\c7:9 J P J N ^ J �D[ JMJ 5D\cH � � �B9 CTH ��7:H�ZB9 J 5 J 7:HD5 tTt �{9CTH ��7:VcVz\ ^ PQCD= 4 ^ Z J P�mWHDC `{L 587OP J]^ PYC)PYA J]^QJ2� VcC:e@7:V ^ \zk J 5D\ ^ PQNY\ie ` PY\cCTH ^ A87&h J e J]J H L8` e8Vc\ ^ A J 5nm7:VzPQADC `D� A ^ \ck J 5D\ ^ PQNY\ie ` PY\cCTH ^ S C:N ^ 9v7:VcV [MNd7OP J N ^ } ; NYCB[��P J N J P67:V =�t&�T�Tp{m � h:7:HDC&h 7:HD5 ¡ 7 ^ \zV J h ^ �BZs:~T~RsT�67:HD5 L ADC:PYC �TJ CTVcC � \c[]7:V ^ P ` 5D\ J]^ CTSW\cHD5D\zhB\c5 ` 7:V>[MNY7OP J N ^�} �KN J]J V J Z J P 7:Vx=£s:~T~{tTm ?B[ A J H � 7:HD5� \z5DCTVz¤ s:~T~RsT� A87&h J N J [ J HRPYVzZ e JMJ H L8` e8Vz\ ^ A J 5 `D^ \cH � � 7:Vz\cV J C'587OPY7{= � HRP J N J]^ PY\cH � ViZRm PYA J ?�PQNQCT9J P£7:Vx= } t&�Tp{t�� [MNd7OP J N 5 J H ^ \iPY\ J]^ CTH ��7:VcVc\ ^ PYC J �{[ J]J 5 PYADC ^QJ \zH ��7:H�ZB9 J 5 J � ^ 587ON�� P J NQNd7:\cH�e�Z 7

sTr

S�7:[MPYC:N3CTS�s��B�{m ^�`D�T�TJ]^ PY\zH � PYA87OP J h J H'� 7:HRZ{9 J 5 J � ^ 9�C ^ P67:HD[]\ J HRP ^Q` NYS�7:[ JM^ 7ON J HDC:P L NQ\c9GC:NY5D\c7:V =��7:VcVc\ ^ PYC�9v7�Z PYA J N J S C:N J)L N J]^QJ NQh J PQA J 9�C:N J N J V J h:7:HRP�N J []C:NQ5 CTSKPYC:Pd7:VFe+CT9 e@7ONQ5D9 J HRP�\cH PYA J��C&h{\X7:H ^ Z ^ P J 9b= l C�7:[][MC ` H�P¢S C:N�PYA J S�7:[MP�PYA87OP �T`{L \zP J N � ^�� Nd7�h{\zPY7OPY\cCTH87:V@S CB[ `D^ \cH ��^ ADC ` Vc52V J 7:5vPYC9GC:N J \c9 L 7:[MP ^ CTH�� 7:HRZ{9 J 5 J PQA87:H2��7:VcVz\ ^ PQCDm�E J 5DC ` e8V J ��7:VcVz\ ^ PQC � ^ [MNY7OP J N�5 J H ^ \iPjZvS C:N `D^QJ EF\iPYA� 7:HRZ{9 J 5 J =

�@C:N J 7:[dA [MNd7OP J N ^ \ck J m�E J [�7:Vz[ ` VX7OP J PYA J PQNd7:H ^ \ J HRP�[MNd7OP J N�5D\c7:9 J P J NvSXNYCT9 PYA J C:e ^�J NQh J 55D\X7:9 J P J N `D^ \zH � PYA J N J VX7OPY\zCTH�SXNQCT9 �)[ � \cHDHDCTH)7:HD5b?B[ A J H � } t&�T�RqT� |

� �� $~��ypT�:� ��{9 � �� {9 } t&pR�

EuA J N J � �� 7:HD5 �� 7ON J PQA J PQNd7:H ^ \ J HRP7:HD5!¤8H87:V 5D\X7:9 J P J N ^ = l A J PQNY7:H ^ \ J HRP [�Nd7OP J N�hRCTV ` 9 J��\ ^ [�7:Vc[ ` Vc7OP J 5bSXNQCT9 PYA J P�Nd7:H ^ \ J H�P65D\c7:9 J P J N67 ^Q^Q` 9�\cH � PYA J PQNd7:H ^ \ J H�P3[MNd7OP J N3\ ^ 7 L 7ONY7OefCTVcCT\z5bCTSN J hRCTV ` PY\cCTH Eu\zPYA�7 5D\X7:9 J P J N.s� s3PY\z9 J]^ \zP ^ 5 JML PYAnmREuAD\c[dAG\c9 L Vc\ JM^ PQA87OP � � � �� } t&�� sT� = ��JPYA J H []CT9 L8` P J PYA J \c9 L 7:[�PYC:N 9v7 ^�^ � `D^ \zH � ?B[dAD9G\z5{P��6CTV ^ 7 LDL V J�� Nd7�h{\iPjZ ^ []7:Vc\cH � = 46ViPYADC `D� AefC:PQA ^ PQN J H � PYA'7:HD5 � Nd7�h{\zPjZ J � J [MP ^ 7ON J \c9 L C:NQPd7:HRP6S C:NK[MNY7OP J N ^6^ 9G7:VcV J N3PYA87:H�s:~�� B9 5D\X7:9 J P J N�mPYA J 9v7��C:NY\zPjZ6CTS�PYA J 9v7 ^Q^ \ ^ []CTHRPd7:\cH J 5 \cH PQA J Vc7ON �TJ]^ P \c9 L 7:[MPYC:N ^ m&EuA J N J.� NY7&hB\zPjZ ^ [�7:Vz\cH �u^Q` �G[ JM^ =l A J \c9 L 7:[MPYC:N¢9v7 ^Q^ \ ^ PYA J H � \zh J H2e�Z

� � �� & �� } t&�R�

EuA J N J�� \ ^ PQA J PQNd7:H ^ \ J HRPb[MNY7OP J Nb5D\c7:9 J P J N�m \ ^ Pd7ON �TJ P�5 J H ^ \iPjZRm � \ ^ \z9 L 7:[MP ^�LfJ]J 5nm � \ ^^Q` NYS�7:[ J�� Nd7�h{\iP ZRm 7:HD5 � 7:HD5�� 7ON J 5D\z9 J H ^ \zCTHDV J]^�^�L 7ONd7:9 J P J N ^ PYA87OP�5 JML+J HD5�CTH�PYA J 9v7OP J NY\X7:VL NYC L+J NQPY\ J]^ CTS�PYA J Pd7ON �TJ P]= ��J�`D^QJ 7:H \c9 L 7:[MPYC:N ^�L+J]J 5 CTS t�q��B9 ^�J [ � � m�PYA J�JM^ [�7 LfJ h J VzCB[]\iP ZCTS �T`{L \zP J N�7OP6PQA J 5D\ ^ Pd7:HD[ J CTSW��7:H�ZB9 J 5 J = l A J 7:5DC L P J 5)9v7OP J NY\X7:V L 7ONd7:9 J P J N ^ m � � ~�� sG7:HD5� � ~�� RqBm�7ON J 7 LDL NYC L NY\X7OP J PYC!7 ^ CTSXPGNYC�[�� PY7ON �TJ P } ^QJ]J �6CTV ^ 7 LDL V J t&�T�T�R�£7:HD5 7ON J�L NYC:e@7Oe8ViZN J V J hO7:H�P�S C:N.\c[ J m{7:VzPQADC `D� A�E J 7:V ^ C P JM^ P.hO7:V `DJ]^ CTS � h:7ONQZB\cH � e�Z�7 S�7:[MPYC:N.CTS � s 7:HD5��hO7ONQZ{\zH �e�Z �$�T~ ��m ^ \cHD[ J PYA J¢` HD[ J NQPd7:\zH�PQ\ J]^ 7ON J CTS@PYAD\ ^ C:NY5 J N]= ��J PQA J H ^Q` 9 PYA J \c9 L 7:[MPQC:N�9v7 ^Q^QJ]^ C&h J N7:VcVWC:e ^QJ NQh J 5 [�Nd7OP J N ^ = ¡ Z 7 ^Q^Q` 9G\zH � PYA87OP PYA JvJ � J [MPd7 \ ^J h J HDVzZ!9G\i� J 5 PYC)7b5 JML PYA CTS ^QJ h J NY7:V

s:p

�{9 7:HD5 J h J HDVzZ ^�L N J 7:5 7ONYC ` HD5�PYA JG� VzC:e J mUE J [�7:H�[�7:Vc[ ` VX7OP J PYA J \cHD[MN J 7 ^QJ \cH�5 J H ^ \iPjZ�CTS�PYA J`{LDLfJ NY9GC ^ PuVc\iPYADC ^�L A J N J =

l A J [�7:Vc[ ` Vc7OPY\cCTH ^F^ ADC�E�PYA87OPKS C:NK[MNd7OP J N65D\X7:9 J P J N ^ � q�� t&~ � �{9bm 9v7 ^Q^ �8` �)\ ^ 5DCT9G\cH87OP J 5e�ZvPYA J VX7ON �TJ]^ Pu\z9 L 7:[MP ^ = � H�7:VcVf[]7 ^QJ]^ m8[MNd7OP J N ^ V J]^�^ PYA87:H2sTq:��{9 \zH�5D\c7:9 J P J N } Pd7 � J HvPYC �TJ PYA J N �L NYC�5 ` [ J 7G5 J H ^ \zPjZ \zHD[MN J 7 ^�J CTHDViZ 7GS J E LfJ NQ[ J HRP CTS>PYA87OP3H J]J 5 J 5)PYC�7:VcVzC�E�Vc\ �B` \z5bPYCGN J 7:[dA)PYA J^Q` NYS�7:[ J SXNYCT9 ^QJ h J Nd7:V �{9<5 JML PYAn= � H 7:VcVn[�7 ^�J]^ mDPYA J VX7ON �TJ]^ PF\z9 L 7:[MPYC:N ^ 7:V ^ C L NQC�hB\c5 J \cH ^Q` ��[]\ J HRP9v7OP J NY\X7:V�PYC�7:VcVcC&E Vz\ �B` \z5PYC6N J 7:[dA-PYA J¢^Q` NYS�7:[ J } e�Z£7KS�7:[MPYC:N � t&~6S C:N.HDCT9G\zH87:V � 7:HD5 �>��= g6^ \cH �� ,~��ct�7:HD5 � �,~�� q)7:VcVcC&E ^ Vc7ON �TJ N£\c9 L 7:[MPYC:N ^ S C:N�7 � \ih J H [�Nd7OP J N ^ \ck J mWe ` P ^ PY\zVcV L NYC&h{\z5 J]^\cH ^�` �G[]\ J H�P ^ \cVz\c[�7OP J VzCR7:5D\cH � = � Sf9 ` [dAGCTS PYA J \c9 L 7:[�PYC:N 9v7 ^Q^ J]^ [�7 L+J]^ e@7:[�� PYC ^�L 7:[ J 5 ` NY\cH � PYA J\c9 L 7:[MP ^ m 7 ^^Q`D�T�TJ]^ P J 5 e�Z ARZ{5{NYC�5{Z{H87:9G\z[G9GCB5 J Vc\cH � } ;W\ J NY7:k]k]C'7:HD5 ��ARZBe@7�s:~T~RsT��mUPYA J H PYA J� 7 L e J PjE J]J HGPYA J 7:[MP ` 7:V8[]CTHRPd7:9G\zH87OPY\cCTH-7:HD5�PYA87OP.H J]J 5 J 5GPYC 7:VcVzC�E e ` C&Z�7:H�P�7 ^ [ J HRP�CTSfVz\ ��` \c5�\ ^J �D7:[ J NQe@7OP J 5 ^ PQ\cVcV S ` NQPYA J N]=W�6C&E J h J N]mBE J 7 ^Q^Q` 9 J 5�PQA J 9v7OP J NY\c7:V \ ^�� VcC:e@7:VzVzZ-5D\ ^ PQNQ\ze ` P J 5nm{EuAD\c[dA\ ^ ` HDVz\� J ViZ | 9v7OP J NY\X7:VW\ ^ L NYC:e@7Oe8VzZ 5{NYC LDL+J 5 \zH�PYC�7:H J � J [MPd7)e8VX7:H � J P-H J 7ON£PYA J [MNd7OP J N�mWNd7OPQA J NPYA87:H � VzC:e@7:VcViZR=W� ` NQPYA J NQ9GC:N J m 7:VzPYADC `D� A �¢7:VzVc\ ^ PYC-\ ^F�TJ CT9 J PQNY\z[�7:VcViZ ` H ^ 7OP ` Nd7OP J 5 } \zP ^ 5 J H ^ \iPjZbCTS� �T~��{9-� 5D\X7:9 J P J N6[MNY7OP J N ^ \ ^ 9 ` [dA V J]^Q^ PYA87:H!PYA87OP \cH'PYA J V ` H87ON AD\ � ADVX7:HD5 ^ ��m 7:H J]��` \cVz\zeDNY\ ` 9[]C ` Vz5 J �{\ ^ P¢EFA J N J \cH2S C:NY9v7OPY\zCTH�CTSaH J E [MNd7OP J N ^ []7 `D^QJ]^ C:e8Vz\zP J Nd7OPY\cCTH�CTS CTVz5 J Nu[MNd7OP J N ^ m8\cH�EuAD\c[dA[�7 ^QJ PQA J 7:5DC L P J 5�[MNd7OP J N�5 J H ^ \zPjZ L NYC&h{\z5 J]^ CTHDVzZv7 VcC&E J N�Vc\z9G\zP.CTHvPYA J 9v7 ^Q^ PQA87OP�A87 ^ \c9 L 7:[�P J 5PYA J�^Q` NYS�7:[ J =W;>C ^�^ \ze8ViZRm:PYA J Hnm ^ CT9 J VcC�[�7:V J � J [MPd7�e8Vc7:H � J P ^ C:N C:PYA J N�N J]� \zCTH ^ []C ` Vc5£A87&h J¢^Q` ��[]\ J HRP^ \zVc\c[]7OP J VzCR7:5D\cH � PYCG7:VzVcC&E$e ` C&Z�7:H�PF9G\ � Nd7OPQ\cCTH�CTSaE�7OP J NuPYC£PYA J ^�` NYS�7:[ J SXNQCT9 7£S J E �{9 5 JML PYAn=

�6C&E J h J N]m�eDNY\ � ARP��587ON � P J NQNd7:\cH efC ` HD587ONY\ J]^ 7ON J��TJ H J Nd7:VzVzZ ^ 9GC�C:PYA 7:HD5 [ ` NQh{\zVc\cH J 7ONGC&h J N� t&~ � � t&~ � �{9<5D\ ^ Pd7:HD[ J]^ = l AD\ ^ C:e ^QJ NQhO7OPY\cCTH ^ PQNYCTH � ViZ ^Q`D�T�TJ]^ P ^ PYA87OP�N J]^Q` NQS�7:[]\cH � E�7 ^ []CTH{¤8H J 5PYC-7 � VzC:e@7:V ^ Z ^ P J 9 CTS � NY7Oe J Hn= _ \iPYADC ^�L A J NQ\c[KN J]� \cCTH ^ []C&h J N J 5�e�Z�PYAD\z[��fmD5 J H ^QJ J � J [MPY7£e8VX7:H � J P Ê�C ` Vz5bP J HD5 PYC�e J []CT9 J � Nd7Oe J H Nd7OPQA J N3PYA87:H ADC:N ^ P�m+S�7:[]\zVc\iPd7OPY\cH � N J]^Q` NQS�7:[]\cH � CTH � Nd7Oe J H � CBC:N ^ =�6C&E J h J N�m h J NQZ�S J E N JM� \cCTH ^ EuA J N J N JM^Q` NYS�7:[]\zH ��J 9e@7�Z J 5 [MNd7OP J N ^ 7:HD5 C:PYA J N6PQC L C � Nd7 L ARZbA87�h Je JMJ H S C ` HD5nm 7:HD5 \zP\ ^ 5DC ` eDPYS ` V�PYA87OPN J]^Q` NYS�7:[]\zH � e�Z PYAD\ ^ 9 J [dA87:HD\ ^ 9 E�C ` Vc5 A87�h J CB[][ ` NQN J 5� � # 7OP¢PYA J�� Nd7Oe J H � CBC:N ^ m@7:HD52E�C ` Vc52H J h J N3A87�h J ^�L \zVcV J 52C&h J NFPQA J PYC L CTS � Nd7Oe J Hn=

s:�

� � � � © � � �� (�§�� M¨ � �-ª ©B¨ � §�¦�� !$#�¦ � � �+¨ � ª ª �� Kª � ¨ ��ªdª

� A J H PY\c587:VWA J 7OPY\cH � C�[][ ` N ^ m ^�L 7OPQ\X7:VWhO7ONY\c7OPY\cCTH ^ \zH PYA J A J 7OPY\zH � Nd7OP J 9v7�Z![]7 `D^QJ�^�L 7OPY\X7:VP J 9 LfJ Nd7OP ` N J h:7ONY\c7OPY\cCTH ^ m87:HD5�PYA J 5D\z� J N J HRPY\X7:VnPYA J NY9v7:V J � L 7:H ^ \cCTH27 ^Q^ C�[]\X7OP J 5�Eu\zPYA�PYA J]^QJ P J 9-�LfJ Nd7OP ` N J hO7ONY\X7OPQ\cCTH ^ [�7:H L NYC�5 ` [ JK^ PQN JM^Q^QJ]^ 7�h:7:\zVX7Oe8V J S C:N L8` 9 L \cH � Vz\ �B` \z5�E�7OP J N�PYC PYA J6^Q` NYS�7:[ J =� H2PYA J 9�C ^ P J �{PQN J 9 J []7 ^QJ mf7 PYA J NY9G7:V N ` H87&E�7�ZbC�[][ ` N ^ \cH 7�[MCTH{¤8H J 5 N J]� \cCTH�PYA87OPF\ ^ S ` VzVzZ J HB�[�7 ^QJ 5�\zH�[]CTVc5nm J VX7 ^ PY\z[3\c[ J = l A J PYA J NY9v7:V J � L 7:H ^ \zCTH�PQA87OP�CB[][ ` N ^ 5 ` NY\cH � E�7ONQ9G\cH � Eu\cVzV L NYC�5 ` [ J7-[MCT9 L N J]^Q^ \zh J�^ PQN J]^�^ m@EuAD\c[dAb9G7&Z�7:VzVcC&E [MNd7:[�� ^ PYC LfJ H J P�Nd7OP J PYC-PYA J�^Q` NYS�7:[ J 7:HD5bVc\ �B` \z5�E�7OP J NPYC'e J�L8` 9 LfJ 5 PYC�PYA J�^Q` NYS�7:[ J = l C�C:NY5 J N-CTS39v7 � HD\zP ` 5 J mWPYA J�L N J]^�^Q` N J \zHD[MN J 7 ^QJ EF\iPYAD\cH PYA JN J]� \zCTH ` HD5 J N � CT\cH � N ` H87�E�7�Z2\ ^

4 � � � � 4 � � } s:~R�

EuA J N J � \ ^ PYA J e ` V� 9�CB5 ` V `D^ m �b\ ^ PQA J NY9v7:V J � L 7:H ^ \zh{\iPjZRm:7:HD5 4 � \ ^ PQA J P J 9 L+J Nd7OP ` N J \cHD[MN J 7 ^QJCB[M[ ` NQNY\zH � 5 ` NY\cH � PYA J N ` H87�E�7�ZR= � C:N L NYC:e@7Oe8V J hO7:V `DJ]^)} � � t&~ � � ;�7{m � � t&~� � � � � m�7:HD5

4 � � q:~ � � m@PYAD\ ^ \c9 L Vc\ JM^ 4 � ��q:~T~�e@7ON ^ = � H L Nd7:[MPQ\c[�7:V P J NY9 ^ m PYA J []CTVc5 \z[ J ^Q` NQNQC ` HD5D\cH � PYA JN ` H87�E�7�Z�Eu\cVcV@SXNd7:[MP ` N J CTHD[ J PYA J C&h J N L N J]^Q^Q` NY\zk�7OPY\zCTH�N J 7:[dA J]^ PYA J t&~ � t&~T~U� e@7ONWZ{\ J Vc5 ^ P�N J H � PYA�CTSPYA J \c[ J m ^ C�PYA J 9v7��D\z9 ` 9 C�h J N L N J]^Q^Q` NQ\ck�7OPY\zCTH \ ^ 7:[MP ` 7:VcViZ't&~ � t&~T~�e@7ON ^ } C:N J h J H V JM^Q^ \zS PYA J \z[ J\ ^ 7:VzN J 7:5{Z�SXNY7:[MP ` N J 5@� = l A J 9v7��D\z9 ` 9 7:9GC ` HRPFCTS E�7OP J NFPQA87OPF[�7:H�e J L8` 9 LfJ 52PQC�PYA J ^�` NYS�7:[ J\ ^ PQA87OP6EFAD\z[ Anmne J [�7 `D^QJ CTS�PYA J []CT9 L 7:[MPQ\cCTH'7 ^Q^ C�[]\X7OP J 5)Eu\zPQA'9G7 ^Q^ VcC ^Q^ m+N J 5 ` [ JM^ PYA JL N JM^Q^Q` N J\cHD[�N J 7 ^QJ 4 � PYC�k J NYCD= � S E�7OP J N L C�CTV ^ CTH�PQA J ^Q` NQS�7:[ J \cH�7-Vz\cH J 7ON�N JM� \cCTH2CTS EF\z5{PYA � 7:HD5�5 JML PYA�+mD7:HD5�\zSnPYA J N ` H87�E�7&ZGCB[][ ` N ^ Eu\zPQAD\cH�7Vc\zH J 7ON�N J]� \zCTH�7N J]� \cCTHvCTSnEu\c5{PYA�7:HD5�h J NQPY\z[�7:V J �BP J HRP � mPYA J H�PYA J 5 JML PQAbCTS Vz\ �B` \z5�E�7OP J NuPQA87OPuN J 7:[ A JM^ PYA J�^Q` NYS�7:[ J \ ^ NQC `D� ADVzZ

�� 4 �� } sBt��

� S6E J 7 ^Q^Q` 9 J PYA J E�7OP J N L C�CTV ^ CTHDViZ C&h J NvPYA J N ` H87&E�7�Z } \x= J = � � � ��m�V J P � � t&~ �B9bm�7:HD5`D^QJ 4 � � t&~ � t&~T~>e@7ON ^ maPQA J H � � t � t&~ 9b= � S�\cH ^ P J 7:5 E J N J]��` \zN J PYA J E�7OP J N PYC L CBCTV C�h J N7N J]� \zCTH t&~ � �{9,Eu\c5 J2} NYC `D� ADViZ PYA J�^ \zk J CTS�\cHD5D\ih{\c5 ` 7:VUeDNQ\ � ARP�� P J NQNd7:\cH ` HD\zP ^ � m E J£�TJ P � � ~��zt �

�T~

t 9b= l A J]^QJ 7ON J�`{LDL+J NGVz\c9G\iP�m>S C:N-PjE�C'N J 7 ^ CTH ^ = �>\iN ^ P�mW9 ` [ A CTSuPYA J Vc\ �B` \z5 9v7�Z�e J�L8`D^ A J 55DC&EFHGNd7OPQA J N�PYA87:H `{L =.? J []CTHD5nmBPQA J N ` H87�E�7&ZG[�7:HvCTHDVzZ-V J 7:5GPQC C�h J N L N J]^Q^�` NY\ck�7OPQ\cCTH�\cSf\iP�\ ^ S ` VcViZJ HD[�7 ^�J 5!Eu\zPYAD\zH�[]CTVz5nm J VX7 ^ PY\z[ \c[ J m e ` P�PYAD\ ^ []CTHD5D\iPY\cCTH�\ ^K^QJ h J N J 7:HD5!9G7&Z HDC:PKe J 7:[dAD\ J h J 5 CTH� 7:HRZ{9 J 5 J = l A J []CTVc5�\c[ J 9 `D^ P e J�J Vc7 ^ PY\z[-CTH'PYA J PQ\c9 J]^ [�7:V J CTSWPYA J N ` H87�E�7&ZRm EuAD\c[dA \c9 L Vc\ JM^PYA87OP-PYA J h{\ ^ []C ^ \iPjZ � � � �� = � C:Nv7�N ` H87�E�7&Z PY\c9 J2^ [�7:V J CTS t&~ � Z J 7ON ^ m�PQAD\ ^ N J]�B` \iN J]^� � t&~ � �f;�7 ^QJ [:mF\c9 L ViZ{\cH � J �BPQN J 9 J VzZ VzC�E P J 9 L+J Nd7OP ` N JM^ \zH PYA J e@7:[�� NYC ` HD5 \c[ J } L+J NYA87 L8^� t�q:~ � ��= l AD\ ^ []CTHD5D\iPY\cCTH2\ ^F` HDVz\� J ViZ�PQC�e J ^ 7OPY\ ^ ¤ J 5)7OP35 JML PYA ^6� N J 7OP J NuPYA87:H)7�S J E �{9 J h J HS C:N¢9GCB5 JM^ P�PYA J NQ9v7:V � Nd7:5D\ J HRP ^ = l A JKJ]^ PQ\c9v7OP J \cH �.� = } sBt��W\ ^ PYA J N J S C:N J 7:H `{LDLfJ NFVz\c9G\iP�= l A J]^QJ7:9GC ` HRP ^ CTS+Vc\ �B` \z5G7ON J¢^ \ � HD\i¤8[�7:HRPYVzZ£V JM^Q^ PYA87:H£PYA J � t �{9 \zHDS J NQN J 5GPYAD\c[��{H JM^Q^ CTS@PYA J N JM^Q` NYS�7:[ J 5N J]� \zCTH ^ = l A `D^ mW7:ViPYADC `D� A PYAD\ ^ L NYCB[ JM^Q^ 9v7�Z!A87�h J CB[][ ` NQN J 5 CTH � 7:HRZ{9 J 5 J m>\zP\ ^` HDVc\� J VzZ'PYCJ � L VX7:\cH�eDNY\ � ARP¢P J NQNd7:\zH2S C:NY9G7OPY\cCTHn=

� � ��

46ViPYADC `D� A�[MNQZRC&hRCTVc[�7:HD\z[ � CBC�5D\cH � CTS VcC&E¢� VzZB\cH �� Nd7Oe J H�A87 ^ e J]J H�7 VcCTH � � S�7&hRC:N J 5�9GCB5 J V S C:NL NYC�5 ` []\cH � ��7:H�ZB9 J 5 J � ^ eDNQ\ � ARPaP J NQNd7:\cH } ;�7ONY9 J H�PY\ J N J PU7:Vx=.t&�TpRsT��m&PYA J N J A87�h J e J]J H HDC L Vc7 `D^ \ze8V J9 J [dA87:HD\ ^ 9 ^ PYC J � L VX7:\zH�ADC&E h:7 ^ P ��` 7:H�PY\iPY\ JM^ CTS 9v7OP J NQ\X7:VBE�7 ^ PQNd7:H ^�L C:NQP J 5£PYCKPYA JF^Q` NQS�7:[ J m�EuARZPYA J�J N `{L PY\zCTH ^ E J N J []CTH{¤8H J 5 PQC � Nd7Oe J H � C�C:N ^ mW7:HD5 EuARZ ^�` [ A � CBC�5 ^ 5D\z5 HDC:P£C&h J N � C&E PYA J� Nd7Oe J Hn= � J N J E J�L N J]^�J H�P J 5 9GCB5 J V ^ PYC�C&h J NY[MCT9 J PQA J]^QJ�L NQC:e8V J 9 ^ = � H 7 � VcC:e@7:V�7:HD5 PQ\c9 J �7�h J Nd7 �TJ 5 ^QJ H ^�J mTPY\c587:V�A J 7OPY\cH � Eu\zPYAD\zH 7:H£7:HD[]\ J HRP _ 7 L VX7:[ J � Vc\� J N J]^ CTH87:HD[ J [�7:H [�7 `D^�J 73A J 7OP �8` �e J P E J]J H t&~ � t&~T~�9 � 9�� mW7:HD5 J h J H VX7ON �TJ N �8` � J]^ 9v7�Z C�[][ ` N JML \ ^ CB5D\z[�7:VcViZ!h{\c7 �TJ C L A�Z ^ \c[]7:VS J]J 5{e@7:[�� ^ 7:HD5 PY\c9 J hO7ONY\X7Oe8\zVc\zPjZ \zH PYA J C:NQe8\iPd7:V�AD\ ^ PQC:NQZR= �WL \ ^ CB5D\z[29 J ViPY\cH � 7OP�5 J�L PYA ^ CTSKq��t&~��{9 \ ^ 7 L Vc7 `D^ \ze8V J C ` PY[]CT9 J CTS ^�` [ A)7£N J]^ CTH87:HD[ J = l A J PY\c587:V A J 7OPQ\cH � [�7:H L NYCB5 ` [ J 7 � VcC:e@7:V^Q` e ^Q` NQS�7:[ J CB[ J 7:H ^QJ h J NY7:V A ` HD5{N J 5 �B9<PQAD\c[��fmDEuAD\c[dA 7:VcVzC�E ^ PYA J ^ 7OP J VcVz\zP J PYC J � L 7:HD52e�Z � t��7:HD5 L NYC&h{\c5 JM^ 7 L VX7 `D^ \ie8V J 9 J [dA87:HD\ ^ 9 S C:N L NYC�5 ` []\cH �)� Nd7Oe J H } ?BADC&EF9v7:H J P 7:V =�t&�T�RrT��= l A JPYC L C � Nd7 L A�Zv7 ^Q^ CB[M\X7OP J 5vEu\zPYAGPQA J]^QJK� Nd7Oe J H �TJ H J Nd7OP J]^�^Q` e ^�` NYS�7:[ J L N J]^Q^Q` N JK� Nd7:5D\ J HRP ^ PYA87OP�[�7:H5{NY\ih J`{L E�7ONQ5 I 7ONY[MZ � C&E CTS ^Q` e ^Q` NQS�7:[ J-L C:N J � ^�L 7:[ J Vz\ ��` \c5bE�7OP J N�e J H J 7OPYA)PYC L C � Nd7 L AD\c[VzC�E ^5 J]^�L \iP J PYA J H J]� 7OPY\ih J e ` C&Z�7:HD[MZ!CTSWPYA J Vc\ �B` \z5n= l AD\ ^ L NQC�hB\c5 J]^ 7�N J 7:Vz\ ^ PY\z[-E�7�Z�CTS.N J]^Q` NQS�7:[]\cH �

�{t

� 7:HRZ{9 J 5 J Eu\zPQA-Vz\ �B` \z5£E�7OP J N�= �6HD[ J CTH£PYA Ju^�` NYS�7:[ J m�PYA J PQC L8^ CTS@PYA J Vz\ ��` \c5B� E�7OP J N � C�E ^ E�C ` Vc5SXN J]J k J m L NYC&h{\c5D\zH � 7:H�\cH ^Q` Vc7OPY\cH � [�N `D^ P 7:HD5 V J H � PYA J HD\cH � []C�CTVc\zH � PY\c9 J]^ J HDC `D� A S C:N PQA J�� C�E ^PYC£¤8VcVnPYA J � NY7Oe J H � CBC:N ^ } 46VcVz\ ^ CTH�7:HD5)��Vc\z�+C:NY5!t&�TpRrT� = �@C:N L VX7 `D^ \ie8V J PYC L C � Nd7 L AD\z[ 7:9 L Vc\zP ` 5 J]^7:HD5�\c[ J ��Vc\ �B` \z5�5 J H ^ \zPjZ�[]CTHRPQNd7 ^ P ^ mBPYA J 9v7��{\c9 ` 9 5 JML PYA�SXNYCT9�EuAD\c[dA�Vz\ ��` \c5v[�7:H�e J3L8` 9 L+J 5vPYCPYA J ^Q` NYS�7:[ J \ ^ t&~ �{s:~��{92= ¡�J [�7 `D^QJ PYA J I 7ONY[MZ � C&E \ ^ CTHDViZ `{L E�7ONY5 ` HD5 J NYH J 7OPYA'PYC L C � Nd7 L AD\z[VcC&E ^ mWPYA J 9GC�5 J V�[�7:H J � L VX7:\zH EuA�Z J N `{L PY\cCTH ^ E J N J []CTH{¤8H J 5 PQC � Nd7Oe J H � C�C:N ^b} Nd7OPYA J N£PYA87:HCB[M[ ` NQNY\zH � CTHb7:5��7:[ J H�P6AD\ � AB� ^ PY7:HD5D\cH � 587ON��P J NQNd7:\cH@��7:HD5b[ J 7 ^QJ 5 CTHD[ J PYA J�� Nd7Oe J H�E J N J ¤8VcV J 5n=l A J 9GC�5 J VaPQA J N J S C:N J£L NYC&h{\c5 JM^ 7:H�7OPQPQNY7:[MPY\zh JJ � L VX7:H87OPQ\cCTH'S C:N�PQA J£�TJ H J Nd7:VcViZ ^ PQNd7:\ � A�PKeDNY\ � A�P��587ON�� P J NQNd7:\cH)efC ` HD587ONQ\ J]^ 7:HD5�PYA J 7Oe ^QJ HD[ J CTSWhRCTVz[�7:HD\c[ � C&E S J 7OP ` N JM^ 7:[MNQC ^Q^ 587ON � P J NQNd7:\zHn= 4L C ^�^ \ze8V J�L NYC:e8V J 9 \ ^ PQA87OPv7OP-V J 7 ^ P�t&~ � Z J 7ON ^ \ ^ N J]�B` \iN J 5 PQC �TJ H J NY7OP J 7:HD5 P�Nd7:H ^�L C:N�P�PYC'PYA J^Q` NYS�7:[ J ^Q` ��[]\ J H�P¢Vc\ �B` \z5GE�7OP J N�PYC ^Q` e89 J N �TJ [MNd7OP J N ^ 7:HD5�C:PQA J N�VX7:HD5DS C:NY9 ^ mBe ` P�N J [ J H�P ^ P ` 5D\ J]^}xI CT9e@7ONY5's:~T~T~R� ^Q`D�T�TJM^ PKPYA87OP3PYA J � Nd7Oe J H)9v7&Z � Nd7�h{\zPY7OPY\cCTH87:VzVzZ�N J Vc7��be J S C:N J PYA J Z [�7:H � C�CB5^Q` ��[]\ J HRPYViZR= l A J N J VX7��D7OPY\cCTH'PY\c9 J 5 JML+J HD5 ^ CTH ^QJ h J Nd7:V L CBC:NQVzZ �{HDC&EFH L 7ONY7:9 J P J N ^ maADC&E J h J N�m7:HD59 J [dA87:HD\ ^ 9 ^ J �D\ ^ P PYA87OPaEF\zVcV�7:VcVzC�E VzCTH �TJ NUN J VX7��87OPQ\cCTHKPY\c9 JM^ «:9GC:N J 5 J Pd7:\zV J 5 []7:Vc[ ` Vc7OPY\cCTH ^ 7ON JH J]J 5 J 5 PQCuN J]^ CTVzh J PYAD\ ^ \ ^Q^Q`DJ S C:NUC ` NU9GC�5 J V = �FJ]^Q` NQS�7:[]\cH � e�Z ^ V `D^ A L NYC&h{\z5 J]^ 7:H7:ViP J NYH87OPQ\zh J PYA87OPA J V L8^ C�h J NQ[]CT9 JG^ CT9 J CTS�PYA J 5D\��[ ` VzPY\ J]^ 7 ^Q^ C�[]\X7OP J 5 EF\iPYA�Vc\ �B` \z5B� E�7OP J N hRCTVc[�7:HD\ ^ 9bm>7:ViPYADC `D� A\zPG\ ^G` HD[]V J 7ONvEuA J PYA J NvEu\c5 J J HDC `D� A Vz\zPYADC ^�L A J NY\c[b[MCTHD5 ` \zP ^�J �{\ ^ P J 5 S C:N ^Q` e ^Q` NYS�7:[ J)^ V `D^ A PYC7:[MP ` 7:VzVzZ �TJ PuCTHRPYC-PYA J ^Q` NYS�7:[ J =

��J 7:V ^ C-[]CTH ^ \c5 J N J 5)7:VzP J NQH87OP J 9 J [dA87:HD\ ^ 9 ^ S C:N¢PQNd7:H ^�L C:NQPY\zH � Vz\ ��` \c5�E�7OP J N�PYC£PYA J ^�` NYS�7:[ JSXNYCT9 � t&~�� {9 5 JML PYA ^ m>\cHD[]V ` 5D\cH �bL8` 9 L \zH � e�Z!5D\z� J N J HRPY\X7:V�PYA J NQ9v7:V J � L 7:H ^ \zCTH ^ PQN J]^�^QJ]^ 7:HD5e ` C&Z�7:H�PUNQ\ ^QJ CTSBVc\ ��` \c5 E�7OP J NUPYCuPYA J.^Q` NQS�7:[ J PYA{NYC `D� A 7 ^ \cVc\z[�7OP J � VX7:5 J HVz\zPYADC ^�L A J N J PYA87OP \ ^ 5 J H ^QJ NPYA87:H'Vc\ �B` \c5 E�7OP J N�= � 7:[dA�CTS�PYA J]^QJ 9 J [dA87:HD\ ^ 9 ^ A87 ^KL NYC:e8V J 9 ^ mnADC�E J h J N�m V J 7:5D\cH ��`D^ PQC�S�7�hRC:NPYA J � PYC L C � Nd7 L AD\z[ L8` 9 L \cH �� 9 J [dA87:HD\ ^ 92=

l A J PYC L C � NY7 L A�Zb7 ^Q^ CB[M\X7OP J 5 Eu\zPYA [�Nd7OP J N ^ 7:V ^ C L NYC�5 ` [ J]^K^Q` e ^Q` NYS�7:[ J£L N JM^Q^Q` N J£� Nd7:5D\ J H�P ^ m7:HD5 7:ViPYADC `D� A ^ CT9 J [MNY7OP J N � C�C:N ^ []CTH�PY7:\cHb[MN�ZBhRCTVc[]7:HD\c[ � C�E��Vz\� J S J 7OP ` N J]^ } ?B[dA J H � 7:HD5b�)C�C:N Jt&�T�RqT��m�PYA J6�TJ H J Nd7:VnVc7:[��GCTSneDNY\ � ARP�� P J NQNd7:\zH L 7OPY[dA J]^ CTHvPYA J � C�C:N ^ CTS 587ON�� P J NQNY7:\cH�[MNd7OP J N ^ H J]J 5 ^J � L VX7:\cHD\zH � =u4 H87OP ` Nd7:V J � L VX7:H87OPQ\cCTH \ ^ PYA87OP3H J EuVzZ2S C:NY9 J 5 � NY7Oe J H E J N J E J 7 �2k]CTH J]^ mf[]7 `D^ \cH �

�Rs

J HDA87:HD[ J 5 PQ\c587:V �8J �D\zH � 7:HD5�A J 7OPY\zH � 7:HD5�7:VzVcC&EF\zH �2^ A87:VzVcC&E 9 J VzPY\zH ��` HD5 J NYH J 7OPYA � Nd7Oe J H e ` PHDC:P ` HD5 J NYH J 7OPQAb9GC ^ P�[MNY7OP J N ^ = l AD\ ^ E�C ` Vc5�7:VcVzC�E PYC L C � Nd7 L AD\z[ L8` 9 L \cH � CTS Vz\ ��` \c5vE�7OP J N¢CTHRPYC� Nd7Oe J H � CBC:N ^ EuAD\cV J m ` HD5 J NYH J 7OPYA�9GC ^ P [�Nd7OP J N ^ m HDC2Vz\ ��` \c5�E�7OP J N J �D\ ^ P J 5!7OP PYA J 7 LDL NYC L NY\c7OP J5 JML PYA ^} q��{s:~ �B9��WS C:N `{L E�7ONY5 L8` 9 L \cH � CTS Vz\ �B` \z5�E�7OP J NuPQC�CB[M[ ` N�=

l A J eDNY\ � ARPGP J NQNd7:\cH S C:NQ9 J 5 C&h J N�7:H J �BP J HD5 J 5 � t&~ � Z J 7ON LfJ NY\cC�5 LfJ NYA87 L8^ tbPQC�� ¡ Z�N7 � C } ?BADC J 9v7 � J N J PK7:V =Kt&�TpRsBmfo 7:ADHDV J J PK7:Vx=Kt&�T�TpR��mf7:HD5bN J VX7OPY\ih J VzZ�Vc\iPQPYV J m \zS�7:H�ZRm [MNQZRC&hRCTVc[�7:HD\z[7:[MPY\ih{\iP Z ^QJ]J 9 ^ PYC A87&h J CB[][ ` NQN J 5 ^ \cHD[ J PYA87OP�PY\c9 J = ¡�J [�7 `D^QJ PYA J�_ 7 L VX7:[ J N JM^ CTH87:HD[ J 5DC J]^HDC:P L8` 9 L � 7:HRZ{9 J 5 J � ^�J [][ J H�PQNQ\c[]\iP ZRm@��7:H�ZB9 J 5 J E�C ` Vz5�H87OP ` NY7:VcVzZ�e J []CT9 J 5DC:NY9v7:HRP¢7:SXP J N¢PYA J_ 7 L VX7:[ J N JM^ CTH87:HD[ J E�7 ^J]^ Pd7Oe8Vz\ ^ A J 5nm ^ C PYA J P J NY9G\zH87OPY\cCTH CTSu7:[MPY\ih{\iP Z'E�7 ^ L NYC:e@7Oe8ViZ 7 5D\zN J [MPN J]^�` VzPbCTS PYA J C:NQe8\iPd7:V J hRCTV ` PQ\cCTHn= � A87OP�[]CTH�P�NYCTVcV J 5 PYA J V J H � PYA CTS PYA J N J]^Q` NYS�7:[]\zH � JML \ ^ CB5 J\ ^ V J]^Q^ []V J 7ON�m>e ` P-\iP£9v7&Z�N J �8J [�P-PYA J 5 ` Nd7OPQ\cCTH CTS¢PQA J�_ 7 L VX7:[ J ��Vz\� J N J]^ CTH87:HD[ J PYA87OP L8` 9 L+J 5� 7:HRZ{9 J 5 J � ^�J [][ J H�P�NY\c[]\iPjZ C:N]m3\cS�PYA J N JM^ CTH87:HD[ J Vc7 ^ P J 5 VcCTH �TJ N�PYA87:H PYA J N J]^Q` NYS�7:[]\zH � JML CB[dAnm7:H JML \ ^ CB5 J EFA J N J PYA J PY\c587:V �<h:7:V `DJ]^ CTS �R`{L \iP J N�m � CDma7:HD5 ��7:H�ZB9 J 5 J [MCTH ^�L \zN J 5 PYC L NYC�5 ` [ J` H `D^Q` 7:VcViZ)AD\ � A J [][ J H�PQNQ\c[]\iPY\ J]^ 7:HD5)PY\c587:VaA J 7OPY\zH � NY7OP J]^ \cH��7:H�ZB9 J 5 J =K�@C:N J �87:9 L V J mf[MC `{L V J 5�TJ C L ARZ ^ \z[�7:Vi� C:NQe8\zPY7:V�S J]J 5{e@7:[ � ^ [�7:H L NYC�5 ` [ J t&~�� t&~��fZ J 7ON�� VcCTH �3^�L \� J]^ \cH PYA J PY\z587:Vi��A J 7OPY\cH � NY7OP J} ?BADC&EF9G7:H J PF7:V =¢t&�T�RrT��=

��

��J PYA87:H � I = � = ?�P J h J H ^ CTHnm � = ¡ =D�'[ � \zHDHDCTHnm+��= � \c9G9�CDm{;>=@?B[dA J H �fm 4= I CT9e@7ONY5nm87:HD5� =U?�PQNYCT9 S C:N `D^QJ S ` V�5D\ ^ [ `D^Q^ \cCTH ^ = ¡ \zVcV �)CBC:N J 7:HD5 7:H 7:HDCTHRZ{9�C `D^ N J hB\ J E J N L NYC&h{\c5 J 5�9v7:H�ZA J V L S ` V>[]CT9G9 J HRP ^ = l AD\ ^ E�C:N��bE�7 ^6^�`{LDL C:NQP J 5'e�Z � ?B� � Nd7:HRPK4�? l ��~Rs:~T�Rs:�T�v7:HD5)e�Z)7 � Nd7:HRPSXNYCT9<PYA J�� 4�?B4 ;�� L NYC � Nd7:9 PYC£46;�?+=

�T�

"� � � "� � ��

46VcVz\ ^ CTHnm8� = _ = t&�TpRsB=��CTH ^ PQNd7:\zH�P ^ CTH2PYA J H87OP ` N J 7:HD5 J hRCTV ` PY\zCTHbCTS��7:H�ZB9 J 5 J � ^ [MN `D^ P�=��U© +§O¨� �z§ � � �� ¦�� ¥�¥�¥Ym tTtM�Yt�sB=

46VcVz\ ^ CTHnmF� = _ =¢7:HD5 ?+= � =F��Vc\i�fC:NY5�t&�TpRrB= � [ J ��[]C&h J N J 5$E�7OP J N�hRCTVc[�7:HD\ ^ 9 CTH � 7:HRZ{9 J 5 J =��

� � � � #�ª �� ª � � �� r:pT�Rq�� r:pRr:�{=

46HD5 J N ^ CTHnm � = I =cm � = _ = _ 7 ` m � = _ =�?��C � N J HnmR� =O?B[dA ` e J N�P�mR7:HD5 � = ¡ =��)CBC:N J t&�T�T�{=>�6Nd7�h{\zPY7OPY\cCTH87:V[]CTH ^ PQNd7:\zH�P ^ CTH�PQA J \cHRP J NQH87:V ^ PQN ` [MP ` N J CTS��7:H�ZB9 J 5 J =�� §�� ©�¨�� qO�DtM� qO�R�{=

��CTVcVc\zH ^ m � = �6=cm � = � =f� J 7:5nm 7:HD5 � = l =f;�7 LDL 7:Vc7ONY5DC)t&�T�Tp{= l A J NYCTV J CTS J �{P J H ^ \cCTH87:V \cH ^ Pd7Oe8\zVc\iP Z\cH [MN J 7OPY\zH � ��7:H�ZB9 J 5 J � ^ � NYCBC&h J 5 P J NQNd7:\zH | \cH ^ \ � ARP ^ SXNQCT9 � 7:Vc\zV J C)AD\ � AB� N J]^ CTV ` PY\zCTH ^ P J N J C\c9v7 � \zH � = � � � � #�ª �� ª � � � � � � � �� s:�T�� s:�T�{=

��CTVcVc\zH ^ ma�£=y�K=zm � = � = � J 7:5nm 7:HD5 � = l =n;�7 LDL 7:VX7ONY5DCbs:~T~T~{= 4 � VzC:e@7:V>587OPd7Oe@7 ^QJ CTS � NYC�C�h J]^ 7:HD5587ON��-P J NQNd7:\zHGCTH�� 7:HRZ{9 J 5 J m J H87Oe8Vc\cH � �B` 7:HRPY\zPd7OPQ\zh J 7 ^Q^QJ]^Q^ 9 J HRP�CTS+P J N�Nd7:\cHGS J 7OP ` N J]^ =��U© +§O¨� �z§ � � �� ¦�� ¥ � � I�� 6� �U7Oe ^ P�Nd7:[MP��,t&~T�:�D=

��NYCTSXP�m ?+= � =zm � = � = _ ` HD\cH J m 7:HD5 � = � 7ON �TJ V�t&�TpTp{= �.��` 7OPY\cCTH CTS ^ PY7OP J CTS 7:9G9GCTHD\X7�� E�7OP J NFVc\ �B` \c5 |5 J NY\zhO7OPY\zCTHb7:HD5 L Vc7:H J PYCTVzC � \c[�7:V 7 LDL Vz\c[�7OPY\zCTH ^ =�¥]¦Y§O¨�©�ª � �� sTr:�� s:�T�{=

IKJG_ 7)��A87 L+J VcV J m ?+=cmU�= �)\cV ^ [dAnm � =��7 ^ P J VcH87 ` m>7:HD5 ;>= I�` hO7:VFt&�T�T�{=��CT9 L N J]^�^ \zh J [�N J]JML CTS\c[ J []CTH�PY7:\cHD\cH � 7 Vc\ �B` \c5-\cHRP J N � NY7:H ` Vc7ON L A87 ^QJ:| Nd7OP J ��[]CTHRPQNYCTVzVc\zH � L NYCB[ J]^Q^QJ]^ \cH�PYA J 5D\ ^ VzCB[�7OPY\zCTH[MN J]JML N J]� \c9 J = � � � � #�ª �� ª � � � � � � � �� sTqBtM�jsTqO�D=

I CT9e@7ONY5nmD4= � =D7:HD5 � = ¡ =D�'[ � \zHDHDCTH s:~T~T~{= _ CTH � � P J NY9 N J P J HRPY\cCTH�CTS \z9 L 7:[MP�[MNY7OP J N¢PYC L C � Nd7��L A�Z�CTH)��7:H�ZB9 J 5 J = � � � � #�ª �� ª � �� T�T�T��j�T�T�T�{=

I CT9e@7ONY5nm64= � =us:~T~T~{=��)CB5 J Vc\cH � CTS � J C�5{Z{H87:9G\z[�; NYCB[ J]^Q^QJ]^ CTH � 7:HRZ{9 J 5 J 7:HD5 ��7:VcVc\ ^ PYC |\cH ^ \ � A�P�\cHRPYC�PYA J NQ9v7:V67:HD5 P J [MPYCTHD\z[)AD\ ^ PYC:NQ\ J]^ = ;.An= I =�5D\ ^Q^QJ NQPd7OPY\zCTHnm g HD\ihf= � 7 ^ AD\cH � PQCTHnm?{7:\cHRP _ C ` \ ^ m8�)\ ^�^ C ` NY\ =

I CT9e@7ONY5nm 4= � =a7:HD5 � = ¡ = �'[ � \zHDHDCTH s:~T~{tT=v�@C:NY9v7OPQ\cCTH!CTS � NYCBC&h J 5!P J NQNd7:\cH�CTH�� 7:HRZ{9 J 5 JO|J �{P J H ^ \cCTH87:V \cH ^ Pd7Oe8\cVz\zPjZ�9 J 5D\c7OP J 5�e�Z�[]CTVc5nm ^Q`{L+J N L Vc7 ^ PY\c[ [MN J]J�L =¢¥]¦Y§O¨ ©�ª � � �� RsBtM�j�T�T�{=

�:�

��CTVz5 J Hnm � = � =cma?+= ��=n46[��{V J ZRm 7:HD5 � = � = _ Z�PYV J t&�T�Tp{= l A J LfJ NY[]CTVX7OPQ\cCTH L A87 ^QJ P�Nd7:H ^ \zPQ\cCTH)\cH ^QJ 7\c[ J = � ¦�� f¦�� sTs:�Tp�� sTsO�DtT=

��CTVz5{N J \z[ Anm@;>=87:HD5)?+= ?BC:P J N t&�T�T�{= � \zH�PYA J ?BCTVX7ON3?�Z ^ P J 9b=�¥]¦Y§O¨�©�ª � � �RrTq��TpT�{=

��CTVz5 ^ e�ZRm I = _ =�7:HD5 I = _ = � CTADV ^ P J 5{PGs:~T~{tT= ? `{LfJ N L VX7 ^ PQ\c[�5 J S C:NY9v7OPY\zCTH CTSu\c[ JO|�J � LfJ NY\c9 J H�Pd7:VC:e ^QJ NQhO7OPY\cCTH ^ =�� #�ª �� ª � �� tTtTmy~{t�r��QtTtTmy~T�T~{=

��CTVzCT9e J �+m � = ;>= 7:HD5�� = _ = 46VzVc\ ^ CTH t&�Tp{tT=�? J]�B`DJ H�PY\c7:V.5 J h J VcC L 9 J HRPCTS � NYC�C�h J 5!P J NQNY7:\cH�7:HD5L CTVzZ � CTH ^ CTH)� 7:HRZ{9 J 5 J = � � � � #�ª �� ª � � � � � � �� tTt&�T��YtTt��sB=

�KN J]J V J ZRm � =zm ?+=f� J \cH J N�m 7:HD5 � = � = � V J 9v7 ^ k J E ^ �B\�s:~T~{tT=�� J CTVzC � ZbCTS _ CTS H�[MNY7OP J N�m ��7:VcVz\ ^ PYCD= � � � � � � #�ª �� ª � �� Rs:�{tM��RsTr:�{=

� J 7:5nm � = � =cm � =.;�7 LDL 7:VX7ONQ5DCDmF� =��CTVcVz\cH ^ m�7:HD5 � =��KN JMJ V J Z t&�T�RrB= l J [MPYCTHD\z[2N J]^�` NYS�7:[]\cH � CTH� 7:HRZ{9 J 5 J 7:HD5'\iP ^ NYCTV J \cH PYA J S C:NY9v7OPY\zCTHbCTS � NYCBC&h J 5bP J N�Nd7:\cHn= �>© f§O¨ � �z§ � � � � ¦ � � � � � �� ¥�¥�¥Ym+q:�Rq�� q:�T�� 7Oe ^ PQNd7:[MP � =

� J 7:5nm � = � =cm � =8;�7 LDL 7:Vc7ONY5DCDm � = � 7&ZRm �£= ��CTVcVz\cH ^ m _ =8;WNYC�[ ��P J N�m � =+�6N J]J V J ZRm �K= ��A87 L 9v7:Hnm8� =�¢7ONQN]m�� = � =y?+= ¡�J VzPYCTHnm�7:HD5£PYA J � 7:Vc\zV J C�\c9G7 � \cH � P J 7:9<t&�T�Tp{=��NQZRC&hRCTVc[�7:HD\ ^ 9 CTH�� 7:HRZ{9 J 5 JO|J h{\z5 J HD[ J \cH eDNQ\ � ARP P J NQNY7:\cH�SXNYCT9 � 7:Vc\zV J C ^ CTVc\z5 ^ Pd7OP J \z9v7 � \cH � 587OPd7{= �>© +§:¨ � �z§ � � � � ¦�� ¥ � � 7Oe ^ P�Nd7:[MP��,t&�T�T�� =

� J 7:5nm � =cmf7:HD5 t&~v[]CTVzV J 7 �T`DJM^ s:~T~RsB= � h{\z5 J HD[ J S C:N �W` NYC L 7��Vz\� J P J [�PYCTHD\c[ N JM^Q` NYS�7:[]\zH �2^ PjZ{V J]^ CTH� 7:HRZ{9 J 5 J = � � � � #�ª �� ª � � � � � � � � } sO��m@sBt�qBtTm85DCT\ | t&~{=ct&~Rs:��Ts:~T~RsT� _ ~{t�q:�T�{tT=

�6\cVzV � N J Hnm � = � =B7:HD5��= � =�� J VcC ^ A't&�TpT�{= ��Nd7OP J N�N J VX7��87OPQ\cCTHGCTH�� 7:HRZ{9 J 5 J:| \c9 L Vz\c[�7OPQ\cCTH ^ S C:N�\z[ JNYA J CTVcC � ZR= � � � � #�ª �� ª � � � � � � � � � t&�T�T��Qt&�:��sB=

�6CTV ^ 7 LDL V J m � = 4=at&�T�T�{= l A J ^ [�7:Vc\zH � CTS>\c9 L 7:[�P L NYC�[ J]^Q^�J]^ \cH L Vc7:H J Pd7ONQZ ^ []\ J HD[ J]^ =� 8© � � � � §O¨ �� z§ � � �� ¦�� T�T��Rr:�{=

�6C �TJ HRefC�CT9bm I = _ =zm � = ?+= � 7ON �TJ V m � = ;>=n� 7:H87 ^ 7:Hnmf7:HD5 _ = _aJMJ t&�T�RqB=u�'7 � H J]^ \ ` 9 ^Q` VzS�7OP J � E�7OP J NPYC)�R~T~b�';�7 `D^ \zH � 7 HDC&h J V L \ J k]CT9 J P J N | 5 J H ^ \zPY\ J]^ m L A87 ^QJ�J]�B` \zVc\zeDNQ\X7{m�7:HD5 L VX7:H J PYCTVzC � \c[�7:V\c9 L Vz\c[�7OPY\zCTH ^ =.¥]¦Y§O¨ ©�ª �� sTq:p�� sTrTrB=

�Rq

�6C �TJ HRefC�CT9bm I = _ =zm � =y?+= � 7ON �TJ V m.�£= � = ��CTH ^ CTVz9v7 � HDCDm l =y�K=U�6CTVz5 J Hnm _ = _ J]J m.7:HD5 � = ¡�` ZBZ��C ` HDC `D^ �{\ t&�T�RrB= l A J 7:9G9�CTHD\X7�� E�7OP J N ^ Z ^ P J 9 7:HD5 PQA J [dA J 9G\z[�7:VK5D\z� J N J HRPY\X7OPQ\cCTH CTS \c[�Z^ 7OP J VzVc\zP J]^ =�¥]¦Y§O¨�©�ª � � �� t�rBtM�Qt&pT~{=

�6C ` e J Hnm �=zm � = � =��C ` H � m84= ?BADC�Eu9v7:Hnm@7:HD5 � =8�)C ^Q�B`DJ \iNd7vs:~T~{tT= � ` VzV A�ZB5{NYCB5{ZBH87:9G\c[K[�7:Vz[ ` �VX7OPY\zCTH ^ CTS>PY\c587:VU5D\ ^Q^ \ L 7OPY\cCTH)\cH �T`{L \zP J N�= ��© � � � ��¨�� z§ � �� §�� ª��F§ '��!§ � � � ��ª�� ¨�� ¨��f¦�� ' ��© � �� © � ' ��¨�� O¨Q§+' � � 7Oe ^ P�Nd7:[MP � =

� CR7:HDHDC ` mD;>= � =D7:HD5 � =y?+= _ \zHD5Dk J H�t&�T�T�{=.�6Nd7�h{\zPY7OPY\cCTH87:V@PY\c5 J]^ \zH�PQA J C ` P J N L VX7:H J P ^ = �Q� = � HRP J NY\zC:N[�7:Vc[ ` Vc7OPY\cCTH ^ 7:HD5 J]^ PY\c9v7OPQ\cCTHGCTSnPYA J PY\z587:V+5D\ ^Q^ \ L 7OPQ\cCTH�S�7:[MPYC:N�= �Kª �x¨ � � � #�ª � � � � � �� s:�T�� sTr:p{=

� h:7:HDC&hfm>� = 4=>7:HD5 4= l = ¡ 7 ^ \cV J h ^ ��Z�s:~T~RsB= �)C:N L ADCTVzC � Z�7:HD5 ^ \ck J ��SXN JM�B`DJ HD[MZ 5D\ ^ PQNY\ie ` PY\cCTH CTS�{\cVzCT9 J P J N�� ^ []7:V J \z9 L 7:[MP [MNd7OP J N ^ CTH �¢7:VzVc\ ^ PYC'7:HD5 ��7:H�ZB9 J 5 J 5 J NY\ih J 5 SXNQCT9 � 7:Vc\zV J C)587OPd7{=� � �z§O¨ � #�ª � � � ��ª � � �� T��r��qTrB=

� 7ON �TJ V m � = ?+=�t&�T�{tT= ¡ NY\cH J hRCTVc[]7:HD\ ^ 9�7:HD5 PYA J \cHRP J NY\zC:N ^ PQN ` [MP ` N J]^ CTSD7 ^ P J NQCT\c5 ^ 7:HD5\c[MZ ^ 7OP J VcVc\iP J]^ =¥]¦Y§O¨�©�ª � �� T�Tp��j�T�T~{=

��J PY[dA87:9bm � = � =D7:HD5�;>= � =��6C:eDe ^ t&�T�T�{=>46H J � LfJ NY\c9 J H�Pd7:V 5 J P J NQ9G\cH87OPY\zCTHvCTS ^�` NYS�7:[ JKJ H J N � \ J]^CTS \c[ J = � � � ��ª � �!§ � � � � � tTt&�{tT=

� \zN��+m � = _ =cm�7:HD5 I = � =�?�P J h J H ^ CTH t&�TpRrB= l A J NY9G7:V J hRCTV ` PY\zCTH�CTSn7�5D\z� J N J HRPY\X7OP J 5�� 7:HRZ{9 J 5 J 7:HD5\c9 L Vz\c[�7OPY\zCTH ^ S C:N ^Q` NQS�7:[ J S J 7OP ` N J]^ m ¥]¦Y§O¨�©�ª � � � �{t � t&�:�D=

� CTADV ^ P J 5{P�m I = _ = 7:HD5'� = � = on\z9G9 J NQ9v7:H!t&�T�T�{= � A J CTVzC � Z CTS L 7ON�PY\X7:VzVzZ 9GCTViP J H 9v7:HRPYV J NYCB[�� ^ =� 8© �� §O¨ � � � �z§ � � �� ¦ � � � �� DtM��RsB=

�'7:5 J N�mT�= � =�t&�T�RsB=��3e ^QJ N�h:7OPY\zCTH ^ CTSBPYA J E�7OP J N�� h J \cH ^ Z ^ P J 9�\cH L CTVzZB[MNQZ ^ Pd7:VcVz\cH J \c[ J =�� z§�¦�� T�T��j�:��rB=

�'7:VcADC:PQNY7{m � =�t&�T�{tT= l \z587:VBC:NY\ � \cH CTSDPYA J._ 7 L Vc7:[ J N J]^ CTH87:HD[ J 7:HD5PYA J N J]^Q` NYS�7:[M\cH � CTS@� 7:HRZ{9 J 5 J =¥]¦Y§O¨�©�ª � �� T�T��Dt�sB=

�)[ ��J HDk]\ J m I =@t&�Tp:�D= l A J3�TJ H J Nd7OPQ\cCTH�7:HD5v[]CT9 L 7:[�PY\cCTHGCTS L 7ONQPY\X7:VzVzZ£9GCTViP J H�NYC�[��f=�� x¨ � �� #� �� rBt&�� r:�RqB=

�T�

�)[ � \cHDHDCTHnm � = ¡ =+7:HD5 � = � = ;�7ONQ9 J HRPY\ J N t&�TpT�{=3��7:H�ZB9 J 5 J 7:HD5'��7:VcVz\ ^ PYCD= � H � § � � � � � � � ª�� g HD\ �h J N ^ \iP Z�CTSa43NY\ck]CTH87£;WN JM^Q^ m LDL =�rBt&p �{r:�T�{=

�)[ � \cHDHDCTHnm � = ¡ =:7:HD5-;>= � =T?B[ A J H ��t&�T�RqB= �.^ PY\z9v7OP J]^ CTS8[]CT9 J P�SXNd7 � 9 J HRP 9v7 ^Q^QJM^ SXNYCT9 \c9 L 7:[�P[MNd7OP J Nu[dA87:\cH ^ CTH)�¢7:VzVc\ ^ PYC-7:HD5 � 7:HRZ{9 J 5 J = � � � � #�ª �� ª � � � � � � � �� t&pRs:��Qt&pT�RsB=

� `DJ VcV J N�ma?+= 7:HD5 � = ¡ =n�)[ � \cHDHDCTH t&�TpTp{= l A{N J]J � VX7�Z J N J 5 9�CB5 J V ^ CTS�� 7:HRZ{9 J 5 J 7:HD5��7:VcVc\ ^ PYC |[]CT9 L C ^ \zPY\zCTH ^ m ^ PQN ` [�P ` N J]^ m 7:HD5b7 ^�LfJ [MP ^ CTS J hRCTV ` PY\cCTHn=�¥M¦d§O¨ ©�ª � � � �R�Rr�� R�:�D=

� ` NY[dAD\ J mf?+= _ =cm � = � = � J 7:5nm@;>=8� J VzS J H ^ P J \cHnmf7:HD5 � = ¡ =D;.V JM^ []\X7�t&�TpT�{= l J NQNd7:\cH�P Z LfJ]^ 7:HD5bVcC�[�7:Vi�^ [�7:V J�^ PQNY7OPY\ � Nd7 L ARZ CTS � NYC�C�h J 5 P J NQNd7:\cH CTH ��7:H�ZB9 J 5 J = � ¨ �&¦ � �� U© +§O¨ � �z§ � � � � ¦�� §O¨ � � � � ��©B¨ f§�� #�ª ��¦Y§�� ª �Y§O¨d¦ � � � � � sTsTs�� s:�Tp{=

� \c9�9GCDmB��=87:HD5 � = � =@��7:\c5DC ^ s:~T~RsB= l A J NY9G7:Vn[]CTH ^QJ]��`DJ HD[ J]^ CTS ^ PQNY\� J � ^ Vc\ L 9GC:PY\zCTH�CTH �.` NQC L 7{=� � � � � � #�ª �� ª � �� } � tTt��m@q:~RsBtT=

� \c9�9GCDmB��=@7:HD5 I = � = ?�P J h J H ^ CTH)s:~T~{tT= �.^ PY\c9v7OP J]^ CTSU9v7ONQPY\c7:H�[MN `D^ Pd7:VnPYAD\z[��{H J]^Q^ SXNYCT9<h{\ ^ []C `D^N J VX7��D7OPY\cCTH�CTSaPQC L C � N L 7:ARZR=�� #�ª �� ª � �� q:~TpRq��jq:~T�Tp{=

� \c9�9GCDmB��=zm � = l =D;�7 LDL 7:VX7ONQ5DCDm 7:HD5 ¡ =@��\ JM^QJ s:~T~RsB= � � J [MPQ\zh J�J VX7 ^ PQ\c[6PYAD\c[��BH J]^Q^ 7:HD5�A J 7OP �8` �J]^ PY\z9v7OP J]^ CTH�� 7:HRZ{9 J 5 J = � � � � #�ª �� ª � �� t&~{=ct&~Rs:��Ts:~T~{t�� _ ~{t&�T�Rr:�{mT�Rs��Qt��Rs��D=

;�7 LDL 7:VX7ONQ5DCDm � = l = J P�7:V = s:~T~:�D=�� J CTVzC � Z CTS � 7:HRZ{9 J 5 J = l C 7 LDL+J 7ON�\cH ��© � � � �M¨ � � �z§ � �� §�� ª��§ ' �!§ � � � ��ª�� ¨ ��mB46[�7:5 J 9G\z[ ; N J]^Q^ =

;�7 LDL 7:VX7ONQ5DCDm � = l = J P 7:Vx='t&�T�Tp{=��6NYCBC&h J 5 P J NQNd7:\cH�CTH ��7:H�ZB9 J 5 J:| ¤DN ^ P N J]^�` VzP ^ SXNQCT9 � 7:Vz\cV J CAD\ � AB� N J]^ CTV ` PQ\cCTH2\z9v7 � \cH � =.¥M¦Y§:¨ ©�ª � � � � sTr:��j�T~RsB=

;�7 LDL 7:VX7ONQ5DCDm � = l =�7:HD5 �£=y�K= ��CTVcVz\cH ^ t&�T�T�{= � �BP J H ^ \zCTH87:VcViZ ^ PQNd7:\zH J 5 [�Nd7OP J N ^ CTH � 7:HRZ{9 J 5 J =�>© f§O¨ � �z§ � � �� ¦�� 7Oe ^ PQNY7:[MP � t�rTr:�� =

;�7ONY9 J H�PY\ J N�m � = � =cm�?+= � =�? ��` ZBN J]^ m � = � = � J 7:5nm�7:HD5 � = _ = 46VcVc\ ^ CTH t&�TpRsB= l A J P J [MPYCTHD\z[ ^ CTS� 7:HRZ{9 J 5 J =�� §��x©B¨ � � � �� s:�T~��js:�T�{=

;�7OP J Vxm � =y�£=zm � = l =U;�7 LDL 7:VX7ONQ5DCDm � = � =U� J 7:5nm�� = �6=��CTVzVc\zH ^ m>�=U�6\ JM^ \cH �TJ N]mW7:HD5 � = ? ` H t&�T�T�{=l C L C � Nd7 L AD\z[GE�7�h J V J H � PQA ^ CTSF� 7:HRZ{9 J 5 Jv� NYCBC&h J VX7:H JM^ SXNQCT9 � C ` NY\ J N£7:H87:VzZ ^ \ ^ CTSF� 7:Vz\cV J C\c9v7 �TJ]^ = � � � � � � #�ª �� ª � �� sO�Dm ~RqTr�� sO�Dm ~RrO�D=

�Rr

;.\ J Nd7:k]kMCDm � =>7:HD5 �6= ��=��ARZBe@7 s:~T~RsB= ��CT9 J Pd7ONQZ!5 J Vc\ih J NQZ CTS�e8\cC �TJ HD\z[ J V J 9 J H�P ^ PYC �.` NQC L 7{=¥]¦Y§O¨�©�ª � � �� t�s:~��Qt�sTrB=

;WNQCB[��BP J N�m _ = � =a7:HD5 t��b[]CTVzV J 7 �T`DJM^ t&�T�Tp{= I 7ON��)P J NQNd7:\cH!CTH � 7:HRZ{9 J 5 J:| �TJ CTVzC � \c[�7:V�9v7 LDL \zH �7:HD52\cHRP J N L N J Pd7OPY\zCTHbCTS>��7:Vc\zV J C �FJ]� \zCG7OP¢AD\ � A2N J]^ CTV ` PQ\cCTHn=�¥]¦Y§O¨�©�ª � � �� {t�r��:�T�D=

;WNQCB[��BP J N�m _ = � =fs:~T~{tT= � []\cH � � 7:HRZ{9 J 5 J =�� § �x©B¨ � � �� sTq�� s:�{=

?B[dA J H �fm.;>= � =>7:HD5 � = � =>�)C�C:N J t&�T�RqB= � CTVz[�7:HD\c[�[]CTH ^ PQN ` [MP ^ CTH ��7:H�ZB9 J 5 J 7:HD5 � HD[ J Vc7:5 `D^]|PYC L C � Nd7 L AD\z[ J h{\z5 J HD[ J SXNQCT9 ^ P J N J C-\c9v7 �TJM^ 7:HD5 L ADC:PYCB[MVc\cHDCT9 J PQNQZR=�� #�ª �� ª � �� t&�T~T~T��Yt&�T~RsTsB=

?B[dA J H �fmR;>= � =zm � = ¡ =��'[ � \zHDHDCTHnm I =O�KE¢Z{HDHnmR7:HD5 � = � =��'C�C:N J s:~T~{tT=a�>VcCBC�5D\cH � CTS@��7:H�ZB9 J 5 J � êDNY\ � ARPuP J NQNd7:\zH ^ e�Z�VzC�E�� hB\ ^ [MC ^ \zPjZvE�7OP J N��\z[ J Vc7&hO7 ^ =�� §�� ©B¨ � � �� qTr��j�T~{=

?B[dA J H �fm¢;>= � =W7:HD5 ��= � = � \c5DCTVz¤ s:~T~RsB= �)C:N L ADCTVcC � Z 7:HD5 ^ [�7:Vz\cH � CTS J � J [MPY7 5 J�L C ^ \iP ^ CTH \c[�Z^ 7OP J VzVc\zP J]^ = � � � � #�ª �� ª � � � � � � � � } t�sT��mD5DCT\ | t&~{=zt&~Rs:��Ts:~T~{t�� _ ~{t&�RqBt�sB=

?B[dA ` e J NQP�ma� =cm I = � = ?�P J h J H ^ CTHnm 7:HD5 � = � VzV ^ E�C:N�PYA t&�Tp{tT= � H�P J NYH87:V ^ PQN ` [MP ` N J]^ CTS>PYA J � 7:Vz\cV J 7:H^ 7OP J VzVc\zP J]^ =�¥]¦Y§O¨�©�ª � �� R�� q:�{=

?B[]C:PQP]m I = � =Wt&�TpTp{= l A J []CT9 L+J PY\iPY\cCTH)e J PjE JMJ H LfJ NY[MCTVX7OPY\zCTH�7:HD5�[]\zNQ[ ` VX7OPY\zCTH \cH 725 J S C:NY9v7Oe8V JL C:NYC `D^ 9 J 5D\ ` 9b=�� #�ª �� ª � � �� :��qBtM�j�:�R�RsB=

?BADC J 9v7 � J N�m � = � =zm ¡ = � = _a` [M[ AD\iPQPd7{m I = � = � \cVcA J Vc9 ^ m � = ¡ = ;.V J]^ []\c7{mU7:HD5 ?+= � = ? �B` Z�N J]^ t&�TpRsB=l A J��TJ CTVzC � Z CTS � 7:HRZ{9 J 5 J = � H � § � � � � � � � ª � � ��© � � � �M¨dm g HD\zh J N ^ \zPjZCTS843NY\zk]CTH873;WN J]^Q^ m l ` [ ^ CTHnmLDL =W�R�Rq��jqTs:~{=

?BADC&EF9v7:Hnm�4= ;>=R7:HD5 � =��'7:VcADC:PQNd7£t&�T�RrB= l \c587:V J hRCTV ` PQ\cCTH�\zH�PQC PYA J¢_ 7 L Vc7:[ J N J]^ CTH87:HD[ J 7:HD5-PYA JN J]^Q` NYS�7:[M\cH � CTS��7:H�ZB9 J 5 J =�¥]¦Y§O¨ ©�ª � � �� T��YtTtTtT=

?BADC&EF9v7:Hnm¢4= ;>=zm I = � =�?�P J h J H ^ CTHnm67:HD5 � =��'7:VcADC:PQNY7 t&�T�RrB=��C `{L V J 5 C:NQe8\zPY7:V37:HD5 PYA J NY9v7:VJ hRCTV ` PY\zCTH�CTS>� 7:HRZ{9 J 5 J =�¥M¦d§O¨ ©�ª � � � � �T�Rr��j�TpT�{=

?BADC&EF9v7:Hnm84= ;>=87:HD5 � =8�'7:VcADC:P�Nd7�t&�T�T�{= l A J � 7:Vz\cV J 7:H ^ 7OP J VcVz\zP J]^ = � ¦�� n¦�� rTr��jp:�D=? L \ JM�TJ Vc9v7:Hnm � = 7:HD5 I = �)[ ��J HDk]\ J t&�TpRrB=�?B\c9 L V J s�� I 9GCB5 J V ^ S C:N9 J VzP J �{PQNY7:[MPY\cCTH 7OP9G\c5B�CB[ J 7:H�NY\c5 �TJM^ 7:HD5b\ ^ VX7:HD527ONY[ ^ = §O¨ � � � �z§ � � � � ¦�� t&�Rr��Qt�qTsB=

�Tp

? �B` Z�N J]^ m ?+= � = t&�Tp{tT= l A J PYC L C � Nd7 L ARZ�CTS��7:H�ZB9 J 5 J � û� NYC�C�h J 5�P J N�Nd7:\cHn=�¥]¦Y§O¨�©�ª � �� t�q:��Yt&�Tp{=?�P J h J H ^ CTHnm I = � =>t&�TpT�{= 46HDCT9G7:VcC `D^ e ` V�)hB\ ^ []C ^ \zPjZ)CTS PjE�CO� L A87 ^QJ �8` \z5 ^ 7:HD5�\c9 L Vz\c[�7OPY\zCTH ^ S C:NL VX7:H J Pd7ON�Z�\zH�P J NY\cC:N ^ =�� #�ª �� ª � � �� sO�T��q�� sO��qTqB=

?�P J h J H ^ CTHnm I = � =Tt&�TpT�{=U? L CTHRPd7:H J C `D^ ^ 9v7:VcV � ^ [�7:V J 9 J ViP ^QJ]� Nd7 � 7OPY\zCTHK\cH L 7ON�PY\X7:V:9 J VzP ^n` HD5 J N � CT\cH �5 J S C:NY9v7OPY\zCTHn= � � � � #�ª �� ª � � � � � � � �� t&~T�Rr��Yt&~Rr:~{=

?�P J h J H ^ CTHnm I = � ={7:HD5 I = � =D?B[]C:P�PKt&�T�{tT=>� J [ A87:HD\z[ ^ CTS �8` \c5B� NYCB[�� ^ Z ^ P J 9 ^ = � 8© �� © � ' �� d¦ � � � �� T~Rq��T�T�{=

?�PQNYCT92m � =y�£=cm>4= � C:NYCTHDC&E m�7:HD5 � =�� ` NYHD\ ^ t&�Tp{tT=b��Nd7OP J N L C L8` Vc7OPY\cCTH ^ CTH ��7:H�ZB9 J 5 J 7:HD5�¢7:VzVc\ ^ PYCD=�� #�ª �� ª � � � � pT�Rq:��pT�RrO�D=

l ADCT9v7 ^ m ;>= � =a7:HD5 � =U?B[dA ` e J N�P�t&�TpTp{=v;>C�E J N��Vc7&E NYA J CTVzC � Z�CTS�\z[ J 7:HD5!PQA J N J Vc7��87OPY\zCTH ^ PjZ{V J7:HD5�N J P J H�PQ\cCTHbCTSU[�Nd7OP J N ^ CTH)��7:H�ZB9 J 5 J = � � � � � � #�ª �� ª � � � � t&�{myrTqTq��Yt&�{m r:�RsB=

l ` NY[MC:PQP J m I = _ =B7:HD5�� ={?B[dA ` e J N�Pus:~T~RsB= � � ' # +§ � ��¦ ª�� ' ' � � �� 8m��7:9eDNY\c5 �TJug HD\zhf=>; N J]^Q^ m�6J E ��C:N �f=

� 7:VzS C:NY5nm � = � = � =cm I = � = � C:e J NQP ^ m 7:HD5 � =n�6\cVzV.t&�TpRrB=�� L PY\z[�7:V>9 J 7 ^�` N J 9 J HRP ^ CTS�E�7OP J N�V J H ^QJ]^\cH2\z[ J = � � �z§�¦�� m t�q:��Yt&�{tT=

� 7:VzS C:NY5nm�� = � = � =cm�7:HD5 � = ��= � Z J t&�T�{tT=b� J 7 ^Q` NY\zH � PQA J 5D\cA J 5{Nd7:V�7:H � V J CTS�E�7OP J N£7OP£7 � NY7:\cHefC ` HD587ONQZ�\cH2\c[ J e�Z�7:HbC L PQ\c[�7:Vn5D\i�+Nd7:[MPQ\cCTH29 J PYADCB5n= � � �z§�¦�� t&~Rr��QtTt�sB=

� \ �T� \cH ^ mn�6=+7:HD5)� =n? L \ J]�TJ Vc9G7:H t&�T�RqB=��7 � 9G7�9G\ � NY7OPY\cCTH27:HD5 9v7 � 9v7OPY\z[ ^ CTVc\zPY7ONQZ�E�7&h JM^ \cH�� I = � � � � #�ª �� ª � � � � � � � �� t�s:pT��Yt�s:�RsB=

on7:ADHDV J m � =cm _ = I CTH J]^ m 7:HD5!�= ��= _aJ hB\ ^ CTH t&�T�Tp{= ��Nd7OP J NY\zH � Nd7OP J]^ CTH'PYA J � 7:Vc\zV J 7:H ^ 7OP J VcVc\iP J]^ =¥]¦Y§O¨�©�ª � � �� s:~Rs��jsTsTsB=

�T�

� �� "� � ��

��! #"�$ �� uJ]� \cCTH87:V � 7:Vz\cV J C-h{\ J E CTS�� 7:HRZ{9 J 5 J eDNY\ � A�P67:HD5b587ON��P J NQNd7:\zHn=��'7:H�Z L 7OPY[dA J]^ CTSPYA J eDNY\ � A�PKP J N�Nd7:\cH�7ON J ^ 9GC�C:PYAnm ^Q`D�T�TJ]^ PY\cH � hRCTVc[�7:HD\ ^ 9b= l A J \z9v7 �TJ m+EuAD\c[dA�\ ^ [ J HRP J N J 5 7OPK�R�5 J]� N JMJ]^ Vc7OPY\zP ` 5 J 7:HD5 t&�:��5 J]� N J]JM^ VcCTH � \iP ` 5 J m []C&h J N ^ 7:H!7ON J 7�7 LDL NYC&�{\c9v7OP J VzZ)�T�:��e�Z qBt&p��{97OPF�:�R~ 9 L \i� J V � � =

��! #"�$ � � �6\ � AB� N J]^ CTV ` PY\cCTH�� 7:Vz\cV J C�\z9v7 �TJ CTS � NYCBC&h J 5 P J NQNY7:\cH£\cH g N ` �-? ` Vc[ `D^F} tTt�* � mDt�r:~+* � �^�L 7:HDHD\zH � t�s:~6e�Z�tTt&~��{9 7OP.rO� 9 L \i� J V � � = ?BCT9 J N J]� \cCTH ^F} 4m ¡ �U[]CTHRPd7:\cH£H ` 9 J NYC `D^ NY\c5 �TJ]^ 7:HD5PQNYC `D� A ^ CTSDPQNQ\X7:H �T` VX7ONU[MNYC ^Q^�^QJ [�PY\cCTHnm:EuAD\c[dA-7ON J 7 LDL 7ON J HRPYVzZ7 ^Q^ CB[M\X7OP J 5Eu\zPYA ^ P�Nd7:\cH ^>`{L PYC q:~ ��=l A J P J [MPYCTHD\z[S C:NY9v7OPY\zCTHbCTS>PYA J]^QJ P J NQNd7:\zH ^ 7 LDL 7ON J HRPYVzZ 5 JM^ PQNYC&Z J 5 L C:NQPY\zCTH ^ C:PYA J N6P J NQNd7:\zH ^£} �KmI ��mTA J HD[ J P J [MPQCTHD\c[�7:VzVzZN J]^�` NYS�7:[]\cH � PYA J 9 } ;�7 LDL 7:VX7ONQ5DC J P.7:V =.t&�T�TpR��= � H�[]CTHRPQNd7 ^ P�m } I � J �{AD\ze8\iP ÂDC:N ^ P��j7:HD5B� � NY7Oe J H S�7 ` VzPQ\cH � 7:HD5 } � � J �DAD\ze8\iP ^ S�7:\zH�P SXNd7:[MP ` NQ\cH � Eu\zPYA HDC2C:e�hB\cC `D^ 9G7:[MNYC ^ []C L \z[^ PQNY7:\cHn= �uJ 9GC&h:7:V6CTS L N J � J �D\ ^ PY\cH � [�Nd7OP J N ^ 7:HD5$C:PYA J N�VX7:HD5DS C:NQ9 ^ \zH }xI ��7:HD5 } � � L NYC:e@7Oe8ViZN J]��` \zN J 52hRCTVc[�7:HD\z[�N J]^Q` NYS�7:[]\zH � 7:[MPY\zH � \zH2[]CTHD[ J NQPFEu\zPYA�PYA J P J [MPYCTHD\ ^ 9b=

��! #"�$ � � ?�P J 7:5{Z�� ^ Pd7OP J�J [][ J HRPQNY\z[]\zPjZ�7:HD5�PY\c587:V ��A J 7OPY\zH � NY7OP J m J � L N J]^Q^QJ 5 7 ^ 7 L C�E J N L+J Nu7ON J 7PYA{NYC `D� A PYA J ^Q` NYS�7:[ J m J � LfJ NY\ J HD[ J 5$e�Z$� 7:HRZ{9 J 5 J 5 ` NY\zH � L 7 ^Q^ 7 �TJ PQA{NYC `D� A 7 _ 7 L VX7:[ J ��Vc\� JN J]^ CTH87:HD[ J =$�6C:NY\zk]CTHRPd7:VF7��{\ ^ \ ^ PYA J Nd7OPY\cC!CTS ��FS C:N��7:H�ZB9 J 5 J PQC!PYA87OPvS C:N �T`{L \iP J N�m�EuA J N J�� 2 � � � m � \ ^ PQA J PY\c587:V¢5D\ ^Q^ \ L 7OPY\zCTH S�7:[�PYC:N�m¢7:HD5 � \ ^ PYA J ^QJ [MCTHD5B��5 J]� N JMJ�_ C�h J H ` 9e J N]=?BCTVc\z5nmB587 ^ A J 5nm87:HD5�5DC:P�P J 5v[ ` NQh JM^ N J S J N�PYC�� sBmB��TsBm{7:HD5)t �Ts _ 7 L VX7:[ J � Vc\� J N J]^ CTH87:HD[ JM^ mN J]^�LfJ [MPQ\zh J ViZRmREuA J N J � � 2 s� � � � m� � 2 s� � � � m�7:HD5�� m�� m�7:HD5�� 7ON J PYA J 9 J 7:H 9GC:PY\zCTH ^CTS � CDm �.` NQC L 7{m 7:HD5 � 7:HRZ{9 J 5 J m8N J]^�LfJ [MPY\zh J VzZR= 46SXP J N3?BADC�Eu9v7:Hb7:HD52��7:VzADC:PQNd7 } t&�T�RrT��=

��! #"�$ � � � � mfEuA J N J � \ ^ 7:ARZ{5{NYC ^ PY7OPY\c[ L N JM^Q^Q` N J m S C:N ^ \zH `D^ CT\z587:V PYC L C � Nd7 L A�Z2EF\iPYA'�T~�� {9E�7�h J V J H � PYA 7:HD5 s�� B9 L+J 7 �� PYCO� L+J 7 � 7:9 L Vc\zP ` 5 J = } 7R� l A J PQC L C � Nd7 L ARZR= } e �K;WN J]^�^Q` N Jv� Nd7:5D\ �J HRP ^ []7 `D^QJ 52e�Z�PQC L C � Nd7 L ARZ�7:VcCTH J = } [&� l C L C � Nd7 L AD\c[ L N J]^Q^�` N J � Nd7:5D\ J H�P ^¢L V `D^ PYA J 5DC�EuHRE�7ONY5B�L CT\zH�PQ\cH � H J]� 7OPY\ih J e ` C�Z�7:HD[�Z } 45 1� ��CTS�Vc\ ��` \c5bE�7OP J N�7 ^Q^Q` 9G\zH � 45 ��pT~ � � 9�� O= l AD\ ^ \ ^ PYA JL N J]^�^Q` N J6� Nd7:5D\ J H�P�S J VzPWe�Z L C:N J � ^�L 7:[ J Vz\ �B` \z5�E�7OP J N�= l A JuL VcC:P ^ ADC�E ^ PYA87OP�mREF\iPYAD\cH-PYC L C � Nd7 L AD\z[

�R~

VcC&E ^ mTVc\ �B` \c5E�7OP J N [�7:He J�L8` 9 LfJ 5£PYC6PYA J�^Q` NQS�7:[ J SXNQCT9 `{L PYC q �{9�5 JML PYAn= l A J Vc7ON �TJ]^ P 7ONQNQC�E Â87�h J 7:9 L Vc\zP ` 5 J]^ CTS �T~{t 7:HD5��Dt&� ;�7�9�� \cH } e ��7:HD5 } [&��m{N JM^�LfJ [�PY\zh J ViZRm ` HD5 J N¢PYA J 7 ^Q^Q` 9 L PQ\cCTHPYA87OP � t&~T~T~�� 9 � � 7:HD5 � � t � �T� 9 ^�J [ � ��=��! #"�$ � � ?{7:9 J 7 ^ ¤ �T` N J �DmUe ` PS C:N ^ \zH `D^ CT\c587:V.PYC L C � Nd7 L ARZ!Eu\zPYA �T~�� {9 E�7&h J V J H � PYA 7:HD5�O� �B9 L+J 7 �� PYCO� L+J 7 �!7:9 L Vc\iP ` 5 J =v� J N J mUVc\ �B` \c5�E�7OP J N [�7:H e J�L8` 9 LfJ 5�\zH�PYC�PYC L C � Nd7 L AD\z[�VzC�E ^SXNYCT9 `{L PYCGt&~��{9 5 JML PYAn= l A J Vc7ON �TJ]^ P�7ONQNYC&E ^ A87&h J 7:9 L Vc\zP ` 5 J]^ CTSn�T~{t37:HD5��Dt&��;�7�9�� \cH } e �7:HD5 } [��m{N J]^�L+J [MPY\ih J VzZRm ` HD5 J NFPYA J 7 ^�^Q` 9 L PY\zCTH�PYA87OP � t&~T~T~�� 9�� 7:HD5 � � t � �T� 9 ^�J [ � � =��! #"�$�� '7��{\c9 ` 9<5 JML PYA SXNYCT9<EFAD\z[dAbVc\ �B` \c5�E�7OP J NF[�7:Hbe J�L8` 9 LfJ 5 `{L E�7ONY5bh J N ^Q`D^F^ \cH ` �^ CT\z587:V PYC L C � Nd7 L ARZbCTS E�7�h J V J H � PYA } ADC:NY\zk]CTH�PY7:V 7��{\ ^ ��= I 7 ^ A J 5B��5DC:P�m ^ CTVc\c5nm@5DC:PQP J 5nmf7:HD5)587 ^ A J 5[ ` NQh JM^ []C:NQN J]^�L CTHD5)PYC LfJ 7 �� PQCO� LfJ 7 �2PYC L C � Nd7 L AD\c[7:9 L Vc\zP ` 5 J]^ CTS>�DmnsBmatTmf7:HD5'~�� q �{92m8N J]^�LfJ [��PY\ih J VzZR= l C L | 45 � ~�� ~Tp � []9 ��O= ¡ C:PQPYCT9 | 46 �$~��y~:� � []9�� O=��! #"�$ � � ?{7:9 J 7 ^ ¤ �T` N J �Dm¢e ` P�S C:N�7 s:~�� B9-� Eu\c5 J2� Nd7Oe J H s �{9 5 JMJML = l A J � Nd7Oe J H \ ^[]CT9 L C ^QJ 5-CTSn7 ^Q`{L+J N L C ^ \zPY\zCTHGCTSf�@C ` NY\ J N.9GC�5 J]^ « J 7:[dAG9GC�5 J []CTHRPQNY\ie ` P J]^ PYC PYA J PYC:Pd7:V L N JM^Q^Q` N J� Nd7:5D\ J H�P-7:[][MC:NY5D\cH � PYC �.� = } rT��=)� J N J m�Vc\ ��` \c5�E�7OP J N [�7:H e JvL8` 9 LfJ 5 \cHRPYC PYA J�� Nd7Oe J H SXNQCT9`{L PQC!p��{9 5 J�L PYA \cS 45 � pT~�� 9 � � = l A J Vc7ON �TJ]^ P-7ONQNQC�E ^ A87�h J 7:9 L Vc\iP ` 5 J]^ CTS t&~T�T~)7:HD5tTtTt&p�;�7 9�� \cH } e �¢7:HD5 } [&��m8N J]^�L+J [MPY\ih J VzZRm ` HD5 J N3PQA J 7 ^Q^Q` 9 L PY\cCTH�PYA87OP ��t&~T~T~�� 9�� 7:HD5� � t � �T�W9 ^QJ [ � � =

�Dt

?BADC&EF9G7:H J P37:V = } s:~T~T�R��>\ �T` N J t

��s

?BADC&EF9G7:H J P37:V = } s:~T~T�R��>\ �T` N J s

�R�

?BADC&EF9G7:H J P37:V = } s:~T~T�R��>\ �T` N J �{=

�T�

?BADC&EF9G7:H J P37:V = } s:~T~T�R��>\ �T` N J �D=

��q

?BADC&EF9G7:H J P37:V = } s:~T~T�R��>\ �T` N J q

�R�

?BADC&EF9G7:H J P37:V = } s:~T~T�R��>\ �T` N J �

��r

?BADC&EF9G7:H J P37:V = } s:~T~T�R��>\ �T` N J r

�Rp

Documents

showman/publications/volcan-second-revision.pdf! " #$ &%' )(+*, -. /0 21 3 & 46587:9=@?BADC&EF9G7:H IKJML 7ONQPQ9 J HRPFCTSU;WVX7:H PY7ONQZ ?B[]\ HD[J]^ _a` H87ON37:HD5b;.Vc7:H