• Aucun résultat trouvé

Le système Caml Special Light: modules et compilation efficace en Caml

N/A
N/A
Protected

Academic year: 2021

Partager "Le système Caml Special Light: modules et compilation efficace en Caml"

Copied!
24
0
0

Texte intégral

(1)Le système Caml Special Light: modules et compilation efficace en Caml Xavier Leroy. To cite this version: Xavier Leroy. Le système Caml Special Light: modules et compilation efficace en Caml. [Rapport de recherche] RR-2721, INRIA. 1995. �inria-00073972�. HAL Id: inria-00073972 https://hal.inria.fr/inria-00073972 Submitted on 24 May 2006. HAL is a multi-disciplinary open access archive for the deposit and dissemination of scientific research documents, whether they are published or not. The documents may come from teaching and research institutions in France or abroad, or from public or private research centers.. L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des établissements d’enseignement et de recherche français ou étrangers, des laboratoires publics ou privés..

(2)  

(3)          !" # $%&   !" # . ')(. 1. D:EGFH6I("*. *+,*.-0(2 / 1. (J-K<>D,1. (. 354&1. 687:9;(<>=46?':=@8AB-C. 9L=64M- =D,N. (O. <24H<(. PQSRTUSVXWUSVZY\[. ]. ^`_bac_ed. fY\R%USg&hiVjUkSlml n. opqsrtpusvvwx  y{z}|{~z€ƒ‚S„ z‡†}ˆ~Š‰j‹ ŒŠ „jŽ  yty‘†}„j’ ‰{‘Ž”‰{“ ’†}‰•z}„jŽ†}|–†}‰—z. ISSN 0249-6399. apport de recherche. (2N. 3541. 6.

(4)

(5)   

(6) 

(7)   !#"

(8) $&%(') *+,$-

(9) (. /$-01*2,3*4 05

(10) 6 PQSRTUSVXWUSVZY\[. 87:9<;=7?>.@&@A CBDE>.FHGJIKFLNMO@!PQ9<FSRHT<IUA<V.WK7:9<;<7J>.@&@X>.Y:RS9.Z[A\Y*;^A\] ZUR_A FS9<;=RHGJRSA\F 87:9`JA\Y,D/7:R_L:Y?>aF ,>aWKWb9=7NY,cOA 7:AG:dKA\7?G:dKAeZ3f <g UhEBi#9.j<A\@!PU7NA[hlk<k=m B Uh Wb>.;=A\L o. x. o. p. Sx Ix. x. no o D/A&7?>aWKWb9=7NY3WU7KA\] L:A\ZOYNA)IKZUAjOIKAcxw A\ZKL:A\@!PKFSAcOIL:MyL:YA\z @&AXDE>a@F^{OWQAGJRH>.FE|xRS;<dOYlVxIKZKA RS@prWUqtFs8At] @u A\pZOY?v >aYNRS9<Z*AJ}KWEA\] 7:R_@&A\ZOY?>aF_AEcOI!FH>.ZU;y>.;=A~DE>.@&F<9a€7J>.ZOY~cOA\Ir}AJ}KY:A\ZKLNRS9=ZKL^@X>t`JA\IK7:A\L.WU7NA\@&R‚Atz 7NAJƒ @&A\ZOYV=IKZG\>.FHGJIUF€cOA*@9KcOIKFSA\L#„ RSZbGJFSIb>aZyY†F_AtL^‡ 9=ZbGJY:A\IK7NLEAtY~FSA\L^jOIKAtLE@!IKFSYNRSWKFSA\Lˆc‰w IUZ@‹AtŠ @A^@&9rcrIKFSAŒ cK>aZKL3FSA!LNYMOFSAcOAGJA\FSIKR~cOA{OY?>aZbcK>a7?c )|†Vx@X>aR_L*LwŽ>.WUWKIKMy>aZOYL:IK7F_AtL[>lj<>.ZbGQA\] A\L37KA] GJA\ZOYNAtLXcK>aZKL3FH> Y:dA\] 9<7:RSAXcOI(YMOWb>.;=AcOA\L3@&9rcrIKFSA\L A\Y3WK7KA\] LNA\7:j<>.ZOYF‘>GJ9=@Wb>aYNRSPKRSFSRSYKA3] >lj<AGFH>GJ9=@WKRSFH>.Y:R_9=ZLKA\] Wb>a7KA\] A=’ cOAtIO}KR‚Atz @A\@&A\ZOYVKIUZ‹cO9<IUPKFSA[GJ9<@&WKRSFH>.YNAtIK7VOWK7:9KcOIKRSL?>aZyY>-z F‘> ‡“9<RSLcOI(cOI‹GJ9KcOAZb>.Y:R”‡~AJ•XG\>=GJA<VxWQ9<IK7 FSA\L>aWKWKFSRHG\>.Y:R_9=ZKL[cOA)DE>a@F^;=9<IK7:@X>.ZQcOA\L3A\Z–Y:A\@WKLcOA)G\>.FHGJIKFV8A\Y!cOIGJ9KcOA)>.PULNYN7J>.RSYR_ZOY:A\7NWK7KA\] YKA=] V WQ9<IK7*FH>37J>.WKRHcORSYKA ] cOA[GJ9=@WKRSFH>.Y:RS9<ZA\YEFSACG—9<ZO‡ 9=7NY,cOA @&R_L:A>aIXWQ9<RSZOY˜ ™›šQœ o DE>.@FV )|†VOF‘>aZK;y>a;<A\L¡‡ 9<ZbG—YNRS9<ZKZUA\FSLVOLNMOL:YA\z @&A\L,cOA,@&9KcOIKFSA\LVa‡ 9=ZbGJYNAtIK7NLlVbGJ9=@WKRSFH>.Y:R_9=Z LKA\] Wb>.7KqtA\] ?A<žaVxŸ WUp 7Nv9KcOIbGJY:RS9<Z)cOA3GJ9KcOA<VUPyMOY:AGJ9KcOA<VU‡ A\7:@A\Y:IK7NAtL˜ 0v. v. ¢H£8¤¦¥§_¨“©\ª§S«K¬l§ ­“®. Š‰. E¯ :° N° x²ˆ³µ´\¶· r¸l¹a´—·lº » J¯ ?¼-½ ° ¿K½ ºlº3´\¾^ºlÀ Áº3·l· ´´/ [¿U½ ºº ´\¾^ºÀ Álº3·lººl¶. ’†}‘Š‰ “ Š‰  ‰ | I‰  | Š‰ „ z}~Š| ‰ y~\‹\i„|{ˆ~I‰{’I|{„Z~  ‘{‹. ,¯ ,±.  „jty †}’I‰. "—“‰ z{‰ “ Œ I„Z’I‰.  . ‹. ,i„|{ˆ~I‰{’Š| „Z~  ‘ tm.Š Hi‰ Š‰. t"‰–“ z{‰{“ |{„ Œ †}‰. \¾.   y’I|{‰.

(11)  

(12)  &C ! X^3

(13) "

(14) $%(') 0X% ,2C30 ,$-

(15) (.C~$-0=$ 

(16)   q œ  ž œ v

(17) dKRSL^7NAtWb9=7NY^;=R_j=A\L^>.Z!9.j=A\7NjORSA 9a‡€Y:dKA,DE>.@&Fy{OWQAGJRH>aF€|‰R_;=dOY LNMOL:YNA\@(Vy>aZ[AJ}KWQA\7NRS@&A\ZOY?>.F RS@WUF_At@A\ZOY?>aYNRS9<Z!9a‡~YNdUADE>.@FxFH>aZK;<Ib>a;<A ERSY:d)Y ~9&@X>\`—9<7EAJ}KYNAtZKLNRS9<ZUL b7:LNYV>@&9KcOIKFSA3G\>.FHGJIKFSIKL „“R_ZQGJFSIbcORSZK;*‡ IKZbG—YN9<7:L~>.ZQc@!IKFSYNRSWKFSA8jyRSA EL89a‡‰>*@9KcOIUF_AlŒ RSZYNdKAEL:YMOF_A/9.‡ {OYJ>.ZbcK>a7?c )|†V.PKIKY87:A\FSMyRSZK; 9=Z 7:AGJA\ZOY><cOj<>aZbGJA\LRSZ YNdUAXYMOWQAYNdKA\9=7NM9.‡@&9KcOIKFSA\LV^>aZbcL:IKWKWQ9<7:YNRSZK;LNAtWb>.7J>.YNA)GJ9=@WKRSFH>.Y:RS9<Z ’ L:AGJ9<ZQcxV,>GJ9=@WKRSFSA\73WK7:9KcOIbGJRSZK;PQ9<Y:d A—•XGJRSA\ZOY!Zb>.Y:R_j=A)GJ9KcOA<V†‡ 9<7G—9<@WUIKY?>aYNRS9<ZOƒRSZOYNA\ZKL:RSj<ADE>.@&F WK7:9<;=7?>.@&LVK>aZbc!RSZOYNA\7:WK7NAtYNAc POMyY:AGJ9KcOA<Vr‡ 9<7/‡>.LNYEY:IK7NZQ>.7N9=IKZbc>.ZQcAl>.LNA 9.‡¡crA\j<A\FS9=WK@A\ZOYl˜  p x  š  q.v DE>a@FV )|^Vr‡ IKZbGJY:RS9<Zb>aF FH>.ZK;=Ib>.;=A\LVU@9KcOIKFSA LNMOL:YNA\@&LVO‡“IKZbGJY:9<7NLlVxLNAtWb>.7J>.YNA!GJ9=@WKR”ƒ FH>.Y:RS9<Z VKGJ9KcOA ;=A\ZKA\7J>.YNRS9=Z VKPOMOYNAG—9rcrA<VbGJFS9=LNIK7:A\L˜ bv. Sv.

(18)    

(19)  

(20)  !"#%$&

(21) ')(* ! +, '

(22) -./01'23.45 # 627

(23) 6 d. 9¡0[. 8. ^$&%('XE/$-0. D/A\YE>.7:YNRHGJFSA,WU7KA\] L:A\ZOYNA3IKZUA,jOIKA,cxw A\ZKL:A\@!PKFSA,cOI&LNMOLNYA\z @A DE>.@FK{OWQAGJRH>aF€|‰R_;=dO-Y : #;<NV<IUZKA,RS@WUFAt] @A\ZOƒ YJ>.YNRS9=ZAJ}KWA\] 7NRS@&A\ZOY?>.FSA!cOIFH>.ZK;O>.;=ADE>a@F:=8><¦˜DE>.@F^{OWQAGJRH>aF|‰R_;=dOYAtLNY3IKZUA7KAt] R_@&WKFA\] @AtZyYJ>.Y:R_9=Z GJ9=@WKFA\z Y:AcOI&LNMOLNYA\z @A DE>.@&Fb|xRS;<dOY : K?h < T<IURx9.x7NA3cOA\IO}A—}rY:A\ZKL:R_9=ZKL,@>\`JA\IU7NA\Ll<WK7:A\@RA\z 7:A\@AtZyYlV<IUZ G\>aFHGJIKF^cOA@9KcOIKFSA\L „“R_ZQGJFSIb>.ZOYEFSA\L*‡ 9<ZQGJYNA\IU7NL A\Y FSA\L,jOIKA\L @!IKFSY:R_WUF_AtLcxw IKZ @‹A\Š @&A,@9KcOIUF_AlŒEcK>.ZKL*FSA L:YMyFSAcOAG—A\FSIKRcrA{OY?>aZbcK>.7Jc  @ | : #8OV A<¦V‰@X>.RSL*LwŽ>.WKWUIKMy>aZyY L:IK73FSA\L[>lj<>aZbGQA\] A\L 7KA] GJAtZyY:A\LcK>aZKL3FH> Y:dA\] 9<7:RSAXcOIYMyWQ>.;<AcrA\L[@&9KcOIKFSA\ L :ShgKV†h <EA\YWK7KAt] LNA\7:j<>.ZOY[FH>)G—9<@WQ>.YNRSPKRSFSRSYK]A >lj=AGFH>)GJ9=@WKRSFH>.Y:R_9=Z LKA\] Wb>.7KA\] A<’OcOA\IO}KRA\z @&A\@A\ZOYlV\IKZ!cO9<IUPKFSAGJ9=@WKRSFH>.Y:A\IK7lVJWK7N9KcOIKRSLJ>.ZOY,>Ez FH>/‡ 9=RSLˆcOI!cOI!GJ9KcOA~ZQ>.YNR”‡bA—•XG\><GJA=V WQ9<IK7†F_AtL¡>aWKWKFSRHG\>.Y:RS9<ZKL8cOADE>a@F=;<9<IU7N@X>aZbcOA\LA\ZYNA\@&WKLˆcOA,Gt>.FHGJIKFVlA\Y^cOI!GJ9KcOA,>.PKL:YN7J>.RSY8R_ZOY:A\7NWK7KA\] YKA=] V WQ9<IK7*FH>37J>.WKRHcORSYKA ] cOA[GJ9=@WKRSFH>.Y:RS9<ZA\YEFSACG—9<ZO‡ 9=7NY,cOA @&R_L:A>aIXWQ9<RSZOY˜ |‰A,PQA\LN9=RSZ crACG—A\L,cOA\IO}AJ}KYNA\ZULNRS9<ZKLEL:A*‡‚>.RSL?>aRSY^LNA\ZOY:R_7,crA\WKIKRSLEWKFSIKL:R_AtIK7NLE>.ZKZEA\] A\L˜Q|xA LNMOL:YA\z @&AcOA @&9rcrIKFSA\L~Y:7A\z LEL:RS@WKFSA,cOA3DE>.@&Fb|xRS;=dyY :=8>KVKG:db>aWKRSYN7NA!h ;<xA\LNY/‡ 9=7NYEWK7J>.Y:R‘T=IKA=VOA\Z7J>.RSLN9=ZXZU9<Y?>a@@!A\ZOY cOA&L?> Wb>.7¦‡‚>.RSY:AGJ9<@&Wb>.Y:R_PUR_FSRSYKA] >lj<AG-F‘> GJ9<@&WKRSF‘>aYNRS9<ZLKA\] Wb>.7KA\] A<V†@X>.RSL RSF^A\L:Y!R_ZQG\>.Wb>aPKFSAcxw AJ}KWK7NRS@&A\7 GJAt7NY?>aRSZKA\L‡ 9=7N@AtLCcrAWb>a7?>.@A\] YN7:RSL?>.Y:RS9<Z(IKYNRSFSA\L[>aIKLNL:R~PKRSA\Z >z WQA\YNRSYNAA] G:dKA\FSFSBA :S?h <,T<Iw‘>&z WKFSIKL;<7J>.ZbcrA A] G:dKAtF_FS6A : <N˜<|‰AGJ9=@WKRSFH>.Y:A\IK7^cOAEPOMOYNAGJ9KcOA3cOA DE>.@&Fr|‰RS;<dOY^A\L:Y~IKZUR_j=A\7NL:A\FSFSA\@A\ZOY~>aWKWK7KA] GJRA,] WQ9<IK7/L?> 7J>.WKRHcORSYKA,] crA,GJ9<@&WKRSF‘>aYNRS9<ZV\@X>aRSL FH>*jyRSY:A\LNL:Acxw AJ}EA] GJIUYNRS9<ZcOAtL~WK7:9<;=7?>.@&@A\LWK7N9KcOIUR_Y:L^Z w A\L:Y^Wb>.L†LNIO•!ƒ LJ>.ZOYNA*Wb9=IK7~GJA\7:Y?>aR_ZUA\L>aWKWKFSRHG\>.Y:RS9<ZKLl˜ ¡Z bZ V=FSA,GJ9KcOAcOILNMOL:YA\z @&A,DE>.@FK|‰R_;=dOY¡G—9<@@&A\Z G\C >aRSY> z cK>.Y:A\7 IKZ&WbAtI VOA\Y/IKZKA,7KAx] A] GJ7:RSYNIK7:A[GJ9<@&WKF‚A\z YNAE@&AELNA\@!PUF‘>aRSY ZEA] G—A\LNLJ>.RS7NA3WQ9<IU7~WQA\7N@&A\YNY:7NA FSA,c/A\] j=A\FS9<WKWQA\@AtZyY cOAC‡ IKYNIU7NA\L*AJ}KYNA\ZKL:RS9<ZKLlVKA\ZWb>a7NYNRHGJIUF_RSA\7,cU>.ZKLEFSA3cO9<@>.RSZKA,cOA F‘> WK7:9<;<7J>.@&@X>.Y:R 9=Z[Wb>a7E9<P<`JAtYNL˜ |‰A\L^cOA\IO}!Wb>a7NYNRSA\L^cOAEGJA\Y/>.7NY:RHGJFSA~WK7KA\] LNAtZyY:A\ZOY~Fw IKZKA=VFSAEG\>.FHGJIUFbcOA/@9KcOIKFSA\LlVAtYˆFwŽ>.IUYN7NA=VFH>#YNAG:dKZK9aƒ FS9<;=RSACcrA[GJ9<@&WKRSFH>.YNRS9=ZcOA[DE>.@&F {OWQAGJRH>.F^|xRS;=dyYl˜K| >-WK7KA\] L:A\ZOY?>aYNRS9<Z)AtLNY j<9=F_9=ZOY?>.RS7:A\@A\ZOY/RSZO‡ 9<7:@A\FSFSA<’ FSA FSAGJYNAtIK7,L:A37NA\WQ9<7:YNA\7J>>aIO}X7KAJ] ‡<A\] 7:A\ZbGJA\L Wb9=IK7EWKFSIKL,cOA3c/A\] YJ>.RSFSL˜ ‡x. ‡x. .v. ‡x. x. jx. xŠx. w.  

(24) $%('  _. DE?F. GIH-KJ LMKNPORQSOT?U&NWV-XZY[Q\N^]&Q\]&K@V-K`_aUbV-X^Y[KSL. c#Z WK7:9<;<7J>.@&@A3DE>.@&F¡G—F‘>aLNL:R‘T=IKA!L:AXGJ9=@WQ9<L:Acxw IKZUALNIUR_Y:AcOAXc/A ] bZKRSYNRS9=ZKL[cOA!j<>aF_AtIK7NLlVˆcOA!YMOWQA\L A\Y3cxw AJ}bGJAtWKYNRS9<ZUL˜8„|xA\L AJ}KWK7:A\LNL:R_9=ZKLdA\] j<>aFSIA\] A\L WQ9<IK7*F_AtIK7NL AJxA\YNL WbA\IUj<A\ZOYA\Š YN7:A!jOIKA\L3GJ9<@&@A cOA\L c/A ] bZKRSYNRS9<ZUL~Y:7NRSjOR‘>aFSA\L~cOA j<>.FSA\IU7NbL eRfg h`d<˜ŽiŒ cEZ!L:MyL:YA\z @&A3cOA,@&9rcrIKFSA\L8‡ 9=IK7NZKRSY~crA\L,GJ9<ZULNYN7:IbGJY:R_9=ZKL WQ9<IK7,c/A ] bZKRS7VOZU9<@@&A\78A\YEIKY:R_FSRSLNAt7cOAtLEA\ZKLNAt@!PKFSA\LcrACc/A ] bZKRSYNRS9=ZKL˜K|†w IUZKRSYKA,] cOA Pb>aLNA3cOIFH>aZK;y>a;<A,cOA @&9rcrIKFSA\L~cOA,DE>a@Fb{OWQAGJRH>aF€|‰R_;=dOYˆAtLNYEFHj> k%l*R+1*MlktV<G.w A\L:Yƒ>lz ƒNcORS7NA*IKZA\ZULNA\@!PKFSA,cOA,c/A ] bZKRSYNRS9=ZKL~AtZyY:7NA m gMnoqpg-rrr[fsRtx c/A ] bZKRSYNRS9=ZKL,cOA j<>.FSA\IK7:LEA\YcrA,‡“9<ZbGJY:RS9<ZKL eRfgvu hwrr)r c/A ] bZKRSYNRS9=ZKL,cOA YMOWbA\L g xyzf|{&h}rr)r c/A ] bZKRSYNRS9=ZKL,cxw AJ}bGJA\WKY:RS9<ZKL f0~pMfyRg€#sv‚ c/A ] bZKRSYNRS9=ZKL,cOA„ L:9<IKL¦ƒ¦Œ¦@9KcOIKFSA\L ƒ„to€e„f† Zhwr)rr c/A ] bZKRSYNRS9=ZKL,cOA YMOWbA\L cOA3@&9rcrIKFSA\L ƒ„to€e„f†gMxyzfˆ‡5h}rrr ‰^9=RHGJR~WQ>.7AJ}KA\@WKFSA!IKZUAXL:YN7:IbGJYNIU7NA‡ 9=IK7NZUR_L:L?>aZyY F_A&YMOWbAA\ZOYNRSA\7A\Y!IKZUA!‡ 9=ZbGJYNRS9=Z cxw 9<7?cr7NALNIK7!GJA YMOWQA<. ŠSŠW‹Œ)Ž.

(25) >. )l^lk' ƒ€to€eRf)sRgnMt€fn m gMn#ozpg g xyzfˆ g  sRg eRfg@p#ƒM y #nf|~`x  

(26) v ~  x5g zf s o Me`f#e m f5

(27) 5~ x5gzfs f mMm f#e m fnf gfn fsRt. |‰A\LEGJ9<@&Wb9=L?>.ZOY:A\Lc‰w IUZKAELNY:7NIbGJY:IK7NA WbA\IUj<A\ZOY3A\Š Y:7NA A\@WUF_9.M/A\] AtL~cK>.ZUL~Y:9<IKYEGJ9<ZOY:AJ}KYNA3cOA,FH> @‹A\Š @A L:9<7NY:A,„“IKZKAEGJ9<@&Wb9=L?>aZyY:A^cOA~j<>aFSA\IK7ˆcU>.ZKLIKZ[GJ9=ZyY:AJ}KYNAEcOA^j<>aF_AtIK7VlIKZKA/GJ9<@&Wb9=L?>.ZOY:A~cOA^YMOWQAcK>aZKL IUZ GJ9=ZOYNAJ}KYNA,crAEYMyWQA<V.AtY?G.˜ŽŒ;<7.><Š GJA[>#z F‘> NZK9=Y?>aYNRS9<Z3WQ9<RSZOYKAt] A +„ (#'02€'0 01 '2bŒ¡PKRSA\ZG—9<ZKZOIKA< )sRgnMt€fn%g c/At] LNRS;<ZKAEFSA/YMOWbbA g[c/A ] bZKRxcK>.ZULˆFH>#LNYN7:IbGJY:IK7NA sRgnMtfn€’ sgnMtf0n p#ƒ y nfKVNFH>#‡ 9<ZQGJYNRS9<Z pƒMy n€f cOAG—A\YNY:A!LNYN7:IbGJY:IK7NA<˜ *A\L3G:dKA\@&RSZKLcxwŽ>=G\G.A\z L3WUF_IULFS9=ZK;WQA\7N@&A\YNY:A\ZOY3FwŽ><G\G.Atz LCcU>.ZKL FSA\L @9KcOIKFSA\L*RS@!ƒ PK7:RHT<IEA\] L" !$#%%gc~A\] LNRS;=ZKA3FSA3YMOWbjA g crA3FH>LN9<IULƒLNYN7:IbGJY:IK7N&A #XcOA3FH>L:YN7NIQGJYNIK7:'A !x€˜ cEZUAGJ9=ZKLNY:7NIbG—YNRS9<Z yzfs[WbAt7N@AtY~cxwNA] GJ9=ZK9<@&R_L:A\7^L:IK7^FH>*ZK9<YJ>.YNRS9=Z[WQ9<RSZOYKA\] A=ycK>aZKL^FH> WQ9<7:YKA\] A cOA yqfs(sRgn tfnxVlF‚w RHcOA\Zrƒ Y:R xG\>.Y:A\IK7 p#ƒMy #nf A\LNY*FSI G—9<@@&)A sRgn tfn pƒMy n€fKVlA\Y cOA @‹A\Š @&AEWb9=IKb7 gx˜ |‰A\ L !2€%*Mlk+YMOWQA\ZOY[FSA\L LNYN7:IbGJY:IK7NA\LcrAFH>&@‹A\Š @&A3@X>aZKR‚A\z 7NA!T=IKA!FSA\L3YMOWbAtL„cOIFH>.ZK;O>.;<A!cOA Pb>aLNAŒ-YMOWbA\ZOY!FSA\L!j<>aF_AtIK7NLl&˜ cEZKA)L:RS;<Zb>aYNIK7:A m  *-rr)r?fsRtA\LNY&IKZKA)GJ9=F_FSAG—YNRS9<Z–cOA‹c/A] G—F‘>a7?>aYNRS9<ZKL!T=IKR L:WA] GJR bAFSA\L&ZK9<@&LcOA\LXG—9<@WQ9<LJ>.ZOYNAtLXc/A ] QZKRSA\LWb>.7&IKZKA)L:YN7NIQGJYNIK7:A >.RSZKL:RCT=IKA F_AtLWK7:9<WK7:RAt] YKA\] L)cOA YMOWb>a;<A3T=I w A\FSF_AtL,cO9<RSj<AtZyY/j~A\] 7NR bAt7 LNWEAl] GJR €G\>.Y:RS9<ZKL cOA j<>.FSA\IK7:L + e u, .„ , A\L:YEF_A LJGNdEA\] @X>cOA YMOWbA\L T=IKA3cO9<RSY/Wb9=Lƒ LKAl] cOA\7 FH>3j<>aF_AtIK7 uQŒ LNWEAl] GJR €G\>.Y:RS9<ZKL cOA YMyWQA\LlVb>.PULNYN7J>.RSYNAtL gMx#yzf|{ „ L:WEA] GJR bALNAtIKFSA\@A\ZOYEFw AJ}KRSLNYNAtZbGJAA\Y,FwŽ>.7:R_YKA ] cOIYMyWQ A {3@>.RSL F‘>aRSLNLNA!L:9<ZR_@&WKFA\] @AtZyYJ>lƒ YNRS9=ZZK9=ZXL:WEA] GJR ,At] AŒ LNWEAl] GJR €G\>.Y:RS9<ZKL cOA YMyWQA\LlVK@X>aZKR”‡ A\L:YNA\L gMx#yzf|{&h / „ L:WEA] GJR bA AJ}b><GJY:A\@AtZyY–Fw RS@WKFlA\] @!A\ZOYJ>.YNRS9=Z cOIYMOWb^A {?Œ LNWEAl] GJR €G\>.Y:RS9<ZKL cxw AJ}bGJA\WKY:R_9=ZKL f~€pMfyRgsv‚ LNWEAl] GJR €G\>.Y:RS9<ZKL cOA„ LN9=IKLƒNŒ@&9KcOIKFSA\L ƒ€#to€e„f| 1 0 .„ 01A\LNYEFSA,YMOWQAcOA*@9KcOIKFSA,T=IKA cO9<RSY/Wb9=Lƒ LKAl] cOA\7 FSA,@9KcOIUF_^A )Œ LNWEAl] GJR €G\>.Y:RS9<ZKL cOA YMyWQA\L cOA @9KcOIKFSA\LlVK>.PKL:YN7?>aRSYNA\L ƒ€#to€e„f|g xyzfˆ‡ LNWEAl] GJR €G\>.Y:RS9<ZKL cOA YMyWQA\L cOA @9KcOIKFSA\LlVO@X>.ZUR ‡“A\LNY:A\L ƒ€#to€e„f|g xyzfˆ‡5h20 8>.7EA—}rAt@WKFSA<VOIKZUA3LNRS;<ZQ>.YNIU7NA Wb9=LNL:R_PUF_A WQ9<IK7EFH> LNY:7NIbGJY:IK7N&A sRgnMtfnGJR”ƒNcOA\L:LNIKL A\L:Y o. m  *. g xyzfˆg  sRg + Me`p#ƒM y #nf43 g516 g75165nMt€fn. fsRt. |‰A\L!LNRS;=Zb>.Y:IK7NA\L&WbAt7N@AtYNYNAtZyYcOA)G\><G:dKAt7XGJA\7:Y?>aR_ZUA\L)GJ9<@&Wb9=L?>.ZOY:A\Lc‰w IUZKALNYN7:IbGJY:IK7NA(9<IcOA)FSA\L 7:A\ZbcO7:A>aPKLNY:7?>.RSY:A\LEWb>.7EFw RSZOYNA\7:@A] cORH>aR_7:A,cxw IKZKA3GJ9=ZyY:7?>aR_ZOY:ACcrA3LNRS;<ZQ>.YNIU7NA<˜ 8>.7EA—}rAt@WKFSA<V \o. 8!‹ 9;:=<.

(28) m.    

(29)  

(30)  !"#%$&

(31) ')(* ! +, '

(32) -./01'23.45 # 627

(33) 6.    sRgnMtfn%3. ƒ€to€eRf. !. ƒ€to€eRf. ! . . g 516@sR g 5165nMtf0n )f sRt m  *+ Me`p#ƒMy nf 3 sR sRgnMtfn€ ! Z wŽ>T=I w IKZKA)GJ9=@WQ9<LJ>.ZOYNA><G\GJAtLNLNRSPKFSA<V p ƒMy n€fK˜4*A. G\>=G:dKA‹FH>(GJ9<@&Wb9=L?>aZyY:A g Oc A @‹A\Š @A<V. .   sRgnMtfn%3. . f 3 2 g 5 6 g 516`#nMtfn`f)sRt m  *5gMxyqf7g+ e p#ƒ y n4 9=IKPKFSRSAFw:A\] ;O>.FSRSYKAE] A\ZOYN7:A3FSA YMyWQAsgnMtf0n%gA\Y,FSA,YMOWQA sRg€VO7:A\ZbcK>aZOY ! %g>.PULNYN7J>.RSY˜ |‰A\L8@9KcOIKFSA\LxWQ>.7?>a@A\] Y:7KA\] L8L:A~WK7KA\] LNAtZyY:A\ZOY^LN9=IKL8FH>/‡ 9=7N@A^cOA )'2€ [* l+—V.G.w A\L:Yƒ>lz ƒNcORS7NAEcOA†‡ 9<ZbG—YNRS9<ZKL. . . cOAtL3@9KcOIKFSA\L3cK>aZKL FSA\L @9KcOIKFSA\Ll˜€|‰A!FH>.ZK;O>.;<AcOA[@&9KcOIKFSA\L,7:A\LNL:A\@!PKFSAcO9=ZbGX>&z IKZFH>a@!P€cK> ƒ¦Gt>.FHGJIKF L:R_@&WKFSA\@AtZyY†YMyWEA[] cO9<ZOYEFSA\LE9=P<`JA\YNL cOA3Pb>aLNA3L:9<ZOYEFSA\L,L:YN7:IbGJYNIU7NA\Ll˜ |xA FH>.ZK;O>.;=AZUALKA\] Wb>a7NAWb>.L/‡ 9=ZbG:ƒ Y:A\IK7NL A\Y LNYN7:IbGJY:IK7NA\Ll8FSA\LcOAtIO}‹LN9=ZOYCcrA\L @9KcOIKFSA\L,>aI‹@‹A\Š @A*YNRSYN7:A[A\Y L:A[ZK9=@@&A\ZOY~Wb>a7 F‘>FSRH>.RSL:9<Z ƒ€to„e„fK˜ 8>.7EAJ}KA\@&WKFSA<VOj<9=RHGJRxIKZ@9KcOIKFSA*Wb>.7J>.@At] YN7KA ] Wb>a7EIKZYMOWbA A\Y*IKZKA ‡ 9=ZbGJY:R_9=ZXcxw 9=7?cO7:A3YN9=Y?>.F L:IK7GJAYMOWbA<V^T=IKRERS@&WKFA\] @A\ZOY:A[IKZYMOWbA>.PKL:YN7?>aRSYcOAtL!A\ZKLNAt@!PKFSA\L!LN9=IKL3‡“9<7N@&AcxwŽ>.7:PK7NA\L!PUR_ZQ>.RS7NA\L GJ7:9<RSLNLJ>.ZOYNLl \o. ƒ€to€eRf Rfg 

(34) oMsqpgRn Re„fƒzf)sRg m 3 m  *5gMxyzfˆg2+ Me`p#ƒMy #nf43 g516 7 g 5165nMt€fn@fsRt gm Mnozpg gMx#yzf5f#e„fƒzf)sRg  e„fƒzfsg m %g gMx#yzf m f g ƒ yRgMx '#Rtf 

(35) m fg `f#e„fƒzf)sRg m f g e„f0g f)ƒMyRgM x #ƒMyRgMx e„f0g n€fM p t t feg m f g  ƒ gp  m f0g €g . #ƒMyRgM x 516#Rtf ƒMyRgMx f#e#g ƒMyRgMx #tf e †f n 516 ƒ gp 2e„fƒzfsg m  p#ƒM y nf|feg@f -g . f mMm 516 #Rtf tMt`f#e#g`e f n & o Me 516 m fg n€f gfn 516 #Rtf +e f tMt@f#eg5n e„f0g n€fMp7ƒzf)ƒ zfn`feg m f g  1  f)sRt.

(36) . .      . . .  . .   .     . . 516. . 516. . . c#ZXYMOWQA[cOA @9KcOIUF_A ><G\G—A\WKY?>aPKFSA3WQ9<IK7,GJA*‡ 9=ZbGJY:A\IK7,AtLNY. „fg3.

(37)  Re„fƒzf)sRg m 3.

(38) oMsqpgRn m  *. m  *5gMxyzfˆg2+ Me`p#ƒMy #nf43 g516 g75165nMt€fn@fsRt. gMx#yzf5f#e„fƒzf)sRg  e„fƒzfsg m %g gMx#yzf m fg + e f)ƒMyRgM x 3 m f0g +  e #tM t 33f#e„fƒqfsRg 516 m fg 516 m fg + e ƒqfƒ zf% n 3Ife„fƒzfsg516 m fg516 €MMe. f)sRt. ŠSŠW‹Œ)Ž. 1 . . .

(39) A. )l^lk'. D/A YMOWbA3cOA @&9rcrIKFSAE7NA\Zbc >.PKL:YN7?>aRSYNA,FH>GJ9<@&Wb9=L?>aZyY:A m fgcOI7KA\] LNIUF_YJ>.Y,cOI&‡ 9=ZbGJY:A\IK7VQG\><G:db>aZOY,>.RSZKLNR FH>7:A\WK7KAt] LNA\ZOY?>aYNRS9<Z›cOA\LA\ZKLNAt@!PKFSA\L > z F‚w IKY:RSF_RSLJ>.YNAtIK73A\Y!>.L:LNIK7J>.ZOYT=IKA&Fw RSZOj<>.7:RH>.ZOY :F_AtL>a7NPK7:A\L!LN9=ZyY GJ7:9<RSLNLJ>.ZOYNL cOA ;y>aIbG:dKAX>z cO7N9=R_Y:A Wb9=IK7EFw 9=7?cO7:A e„fƒzfsg m  p#ƒMy nf *A\LNY*YN9=I`J9<IU7NLEj~A\] 7NR ,A=] ˜ |†wŽ>.WKWKFSRHG\>aYNRS9<Z)cOA‡ 9=ZbGJY:A\IK7NL LNA!ZK9=YNA!GJ9<@&@A Fw >aWKWKFSRHG\>.Y:RS9<Z)cOA‡ 9=ZbGJYNRS9=ZKL A\Y 7NA\ZOj<9=RSAcOA[ZU9<IOƒ j=A>.IO}@9KcOIKFSA\Ll. . . ƒ€to€eRf)sRg „fg  „fg sRg#nMtfn 11 )sRg „fg% tMt   s g „f gkfƒMyRgMx%3&sg „fg m fg. DE D. 1 . KL OjKL|_aQ\N-TKLORKL. . |†w RSZKZU9.j<>.YNRS9=Z @X>t`JA\IK7:A‹cOAGJA‹L:MOLNYAtz @A‹cOA(@9KcOIUF_AtL!jyRSL¦ƒt> z ƒ‚jORSLXcOAtLX@&9KcOIKFSA\LcOA{OY?>aZbcK>a7?c )| A\L:YEFw RSZOYN7:9KcOIbGJY:R_9=ZcOA,L:WEA] GJR €Gt>.YNRS9=ZKL,cOA,YMOWQA\LE@X>aZKR”‡ A\L:YNA\LE„ gMx#yzf|{h2/KŒ^cK>aZKL/F_AtLELNRS;<Zb>aYNIK7:A\L˜ ¡Z {OYJ>.ZbcU>.7?c  |^V.IKZUA~L:R_;=Zb>.Y:IK7NAEL:WEA] GJR bA*IKZKRHT=IKA\@&A\ZOY FSA~ZU9<@ AtY^Fw >a7NRSYKA/] cxw IKZKAEGJ9<@&Wb9=L?>.ZOY:AcOAEYMOWQA<V @>.RSL~ZUA3WbAtIKY ZKR 7KA\] j~A\] FSA\7 LN9<Z R_@&WKFA\] @!A\ZOY?>aYNRS9<ZV.ZKR FH>!G\>=G:dKA\7 LNMOLNYKA\] @X>aYNRHT=IKA\@&A\ZOYOIKZ)@A] G\>aZKRSLN@A LKA\] Wb>.7KA[] AtY,ZK9=Z crR_7:AGJY:A\@A\ZOY,GJ9=ZOYN7 9=Š FA3] Wb>.7EFw IKY:R_FSRSL?>aYNA\IU7>aLNLNIU7NA3FH>WK7:9<Wb>a;y>.Y:RS9<ZXcrA\L)A\] ;O>.FSRSYKA\] LEAtZyY:7NA YMOWQA\L˜ |‰A\L^YMOWQA\L^@X>aZKR”‡ A\L:YNA\L‰‡ 9<IK7:ZKRSLNL:A\ZOY^IKZ@A] G\>aZKRSLN@&A^LNRS@WUF_A8A\Y†PKRSA\ZG—9<@WU7NRSLˆcK>aZKL^FSAEG\><cO7:A,cOAEFH> Y:dA\] 9<7:RSACcrA\LEYMOWbA\L :ShgOVxh <€WQ9<IK7,>aLNL:IK7NA\7EWUF_IULNRSA\IK7:L~Y.><Š G:dKA\LERS@WQ9<7:Y?>aZyY:A\L~cOI&LNMOLNYA\z @A cOA,@&9KcOIKFSA\L & š

(40) p   pKq q . Kœ s  pKq)ž š  u 8Ÿ p œ pKq

(41) s q œ  s^ž œ s  pKq.v cOAtLLNRS;=Zb>.Y:IK7NA\LT=IKR GJ9<ZOY:R_AtZKZKA\ZOY AJ}b>=GJYNA\@&A\ZOY^YN9=IKYNAtL^FSA\L^RSZO‡ 9=7N@X>aYNRS9<ZUL€cOAEYMOWQA\L^ZEAl] GJA\LNLJ>.RS7NAtL,>.IYMyWQ>.;<AEcOA\L/GJFSR_AtZyY:L~cOAEFH>EL:YN7:IbGJYNIU7NA<˜ 8>.7EA—}rAt@WKFSA<VOFw dOMyWQ9<Y:d A\z L:A ,v. \w. bv. Zx. o. sRgn tfn3. m  *5gMxyzfˆg  sRg + Me@p#ƒMy #nf43 g 5165g25 6`nMt€fn`fsRt L:IO•Y‹> z A\] Y?>aPKFSRS7T<IUAXFwŽ>.WUWKFSR‘Gt>.YNRS9=Z sRg#nMtfnkp#ƒMy #nf A\L:YPKRSA\Z–YMOWEA\] A=V^WKIKRSLJT<IUAXFw:A\] ;O>.FSRSYKA ] sRg#nMtfn1g h sR! g LNAc~A] cOIKRSY,cOA F‘> LNRS;=Zb>.Y:IK7NA<˜"*A@‹A\Š @A=V.Fw dOMOWQ9<YNd A\z LNA sRg.  . „f0g3. m  *5gMxyzf m f0g 113fsRt  sRg „fg m fg/A\LNY8IKZ YMOWQA~>.PKL:YN7J>.RSYVtWKIKRSL?T=I wŽ>.IQGJIKZKA!At] ;y>.FSRSYKA8] A\ZOY:7NA^FSIKR=A\Y IKZ3>aIKYN7:A^YMOWbA. ;O>.7?>aZOYNRSY T=IKA . Z w A\L:YG—9<ZKZOIKA<˜ >aZKL~GJA\Y:YNA3>.WUWK7N9KG:dKA<V=RSFKZ w A\LNY/Wb>aL~ZEAl] GJA\LNLJ>.RS7NA3cOA*YNA\ZUR_7 >^z `J9<IU7~cOA\L,>aWKWK7N9l}KRS@X>aYNRS9.ZKL cOA/LNY:7NIbG—YNIK7:A\L~WUF_IULˆ7:RHGNdUA\L^T<IUA~FSA\L8LNRS;=Zb>.Y:IK7NA\LlV<GJ9=@@AFSA\L NLNRS;=Zb>.Y:IK7NA\L8LKA\] @X>aZyY:RHT<IUA\L  cOA{rY?>.ZQcK>.7Jc )|†˜xiE9<Z LNA\IKFSA\@&A\ZOY,FSA3YMOWb>a;<A[cOAtL,@9KcOIUF_AtLELw A\Z(YN7N9=IKj<A LNRS@WKFSR ,A*] A\Y 7?>.WUWK7N9KG:dEA!] cxw IKZ)LNMOL:YA\z @&A cOAEYMOWQA\L~GJFH>aLNLNRHT=IKA<V=@X>aRSL cOAEWKFSIKL^FH>,G—9<@WUR_FH>aYNRS9<Z LKAt] Wb>.7KA\] A>*z FH>*@X>.ZUR‚Atz 7NA~cOA 9rcrIKFH>lƒ EA\L:Y8‡‚><G—R_FSRSYKAt] A :Shg <N˜    “up  Ÿ  .š   Kœ š  pKq p o  Ÿ œˆpKo q  p œ ^pKq  œ   p  q#Ÿ pKq  š ž œ pOs  q  | >3G—9<@!PKR”ƒ Zb>aRSLN9<Z)cOAtLEYMyWQA\L*@X>.ZUR ‡“A\LNY:A\L~AtY,cOA\L,YMOWQA\LE‡“9<ZbGJY:9<7:R_AtF_LEc/A\] WQA\ZbcU>.ZOYNL„ FSA ZK9=@ cOIWb>.7J>.@‹A\z YN7:A,WQA\IKY >aWKWb>.7J>ŠSYN7:A[cK>aZKL,FSA3YMOWQA[cOI)7KA\] LNIKFSYJ>.Y?Œ#WbAt7N@AtYcxw AJ}KWK7:R_@&A\7EYN7A\z L WK7KAl] GJRSLKA\] @&A\ZOY,FSA\L,7:A\FH>.Y:R_9=ZKL,AtZyY:7NA FSA\L,GJ9=@WQ9<LJ>.ZOYNA\L,crAYMOWQA\L,cOI7KAt] LNIKFSY?>aY,cxw IKZ!‡“9<ZbGJY:A\IK7*A\Y,GJA\FSFSA\L,cOA LN9=Z)>.7N;=IK@AtZyYl˜ 8>a7EAJ}KA\@WKFSA<V FSAYMOWQAcOI‡“9<ZbGJY:A\IK7 „f0g(cO9<ZKZEA] Wb>a;<AmY:7?><crIKRSY3FSA‡‚>.RSY[T=IKA!FSA!YMOWbIA f#eRfƒzfsRg‹cOI7KAt] LNIKFSY?>aY[AtLNY RHcOA\ZOY:R‘T=IKAE>.IYMOWbbA g3cOAEFwŽ>.7:;<IK@&A\ZOYV\>aF_9=7NL^T=IKA/F_A/YMOWbA m fg A\LNY†YN9<Il`J9<IK7:L^>.PKL:YN7?>aRSY˜ *I[@&9<@AtZyYxcOA v. v. —x. o. u. 8!‹ 9;:=<.

(42) g.    

(43)  

(44)  !"#%$&

(45) ')(* ! +, '

(46) -./01'23.45 # 627

(47) 6. FwŽ>.WKWUF_RHG\>aYNRS9<Z Rfg  sgnMtf0n=VlFH>,L:IKPKL:YNRSYNIKY:RS9<ZXcrI!Wb>.7J>.@‹Atz YN7NA/‡“9<7N@&A\FRe„fƒqfsRg m bW >a7^Fw >a7N;=IK@A\ZOY AJxAGJY:R”)‡ sgnMtf0n!cK>aZKLEFH>LNRS;<Zb>aYNIK7:A3cOI7KA\] L:IKFSY?>.Y,cr9<ZKZKA= sRg. „f0g3 m  * g xyzf5f#e„fƒqfsRg7sRgn tfn%g g xyzf m fg fsRt.  1. *A~GJAtYNYNA/LNRS;=Zb>.Y:IK7NA8A\Y8cOA~GJA\FSFSA^cOA sRg#nMtfnxVNFSA8YMOWbA\IU7¡c/A] cOIKRSYxRS@@A] crR‘>aYNA\@&A\ZOY sRg „fgzr fe„fƒzfsg-h sRgxVKGJ9<@&@A,c/A\] L:RS7KA<] ˜ D/A @A] G\>aZKRSLN@&AcOAWK7N9=Wb>.;O>.Y:R_9=ZLwŽ>.WKWUF_RHT=IKA3>.IULNLNR8WQ9<IK7*FSA\LE‡ 9=ZbGJY:A\IK7NLcxw 9<7?cr7NA3L:IKWEA\] 7:R_AtIK7„ FSA\L ‡ 9=ZbGJY:A\IK7NL&WK7NAtZb>.ZOYcxwŽ>.IUYN7NAtL‡ 9<ZbG—YNA\IK7:L!A\Z>.7:;<IK@&A\ZOY?Œ\V@9KcOIUF_9IKZUAXA—}rY:A\ZKL:R_9=ZcOAF‘> ZK9=Y?>.Y:RS9<Z WQ9<RSZOYKA\] AcOA3FH> ‡ 9<7:@A „ Œ r {VK>.IKY:9<7:R_LJ>.ZOY,IUZKA37KA—] ‡aA\] 7NAtZbGJA‹>z FH>[G—9<@WQ9<LJ>.ZOYNA3cOA YMyWQA {cOI7KA\] LNIKFSYJ>.Y cOA F‚wŽ>aWKWKFSRHG\>.Y:R_9=ZcrI‡“9<ZbGJY:A\IK7 >.I@&9rcrIKFSA [˜ *ZLNA 7NA\WQ9<7:YNA\7J>‹> z :Sh < WQ9<IK7EWUF_IUL,cOA3c~A\] Y?>aRSF_Ll˜    “up   pKqž š œ  œ pKq  p  . œ Qp‹p œ  pŸ“prq  Qsˆup œ q  s  š ž œ pOs   {OYJ>.ZOƒ cK>a7?c  |(‡ 9=IK7NZKRSYEIKZUA[GJ9<ZULNYN7:IbGJY:R_9=Z‹L:WEA] GJRH>aF_A=V m  n)s* gMxyqfKVOWQ9<IK7*AJ}KRS;<A\7*F‚w:A\] ;O>.FSRSYKA ] A\ZOYN7:A[cOA\Ir} GJ9=@WQ9<LJ>.ZOYNA\LcOA!YMOWbA\L!cOA\L!>.7:;<IK@&A\ZOYNL3cxw IKZ ‡ 9<ZQGJYNA\IU7˜ 8Z DE>a@Fˆ{rWbAG—R‘>aF|‰RS;<dOYVxFH>GJ9=ZyY:7?>aR_ZOY:A Llw A—}rWU7NRS@A8Wb>a7 IKZ3YMOWQA~@>.ZKR”‡ AtLNYNA8A\Z Wb9=LNRSYNRS9<Z3cxwŽ>a7N;<IU@A\ZOY cOA8‡“9<ZbGJY:A\IK7l˜ 8>a7 AJ}KA\@&WKFSA<V\FSA8‡ 9=ZbGJY:A\IK7 {OYJ>.ZbcU>.7?c )| . q. v. iw. o. >v.  m gMn#ozpgoRn€f

(48) 3.

(49) oMszpgn. m  *5gMxyqf7g gm Mnozpg#oRnf 3 m  *5gMxyqf o f %g   o m  ns * g xyz. L:A3YN7J><cOIKRSYEA\Z)DE>a@Fx{OWbAlGJRH>.Fˆ|‰RS;<dOY~WQ>.7. . ƒ€to€eRf 

(50) oMsqpgRn

(51) oMsqpgRn.

(52)  3

(53)  3. m  m . *. *.  3. 11. . g xyzfˆg 113fsRt 516 g xyzf| o  %g 1 If)sRt. 9=I Vb>lj=AG*IKZKA ZK9<YJ>.Y:R_9=ZWKFSIKL,G—9<@WQ><GJY:A<V ƒ€to€eRf. . fsRt fsRt. 1     1. m  *5gMxyqf7g. .   3. 113fsRt. 516.  1. m  *5gMxyzf|o( %g. . 113fst. .  1. ‰| AYMOWQA3@X>aZKR”‡ A\L:YNA,cK>aZKLEFH>3L:R_;=Zb>.Y:IK7NA3cOA >3FSA\LE@‹A\Š @A\L†AJ€AtYNL3T=IKA F‘>GJ9=ZyY:7?>aR_ZOY:AcOA3WQ>.7NYJ>.;=A,A\Z {OYJ>.ZbcU>.7?c )|^OL:IKWKWQ9<LNAt7 zr gh zr oXcK>.ZULEF_AGJ9<7:WKLcOI&‡ 9=ZbGJY:A\IK7VUA\Y,A—}rRS;=A\7>!z G:db>=T<IUAC>aWKWKFSRHG\>.Y:RS9<Z Q„ ŒJ„!Œ*T=IKA r g h r o ˜ *Z@9=ZyY:7NA8‡“9<7N@&A\FSFSA\@A\ZO&Y :Shk <bT=IKAEY:9<IKY:AGJ9=ZOYN7?>aRSZyY:A,cOA/Wb>.7:Y?>.;=A~AtZyY:7NA*YMyWQA\L^WQA\IKY†Lw AJ}KWK7NRS@&A\7 >aR_ZULNR A\ZY:A\7N@&A\LXcOA YMyWQA\L@X>aZKR”‡ A\L:YNA\Ll˜~{OYJ>.ZbcK>a7?c  |›‡ 9=IK7NZKRSY–A\] ;O>.FSA\@&A\ZOYcOA\L)GJ9<ZOY:7?>.RSZOYNAtLXcOA Wb>a7NYJ>.;<A†A\ZOYN7NA/LNY:7NIbG—YNIK7:A\LE„ A—}rRS;=A>.ZOYxFwNA\] ;y>aF_RSYKA¡] G—9<@WUF‚Atz YNA8A\ZOYN7:A^LN9=IKLƒLNY:7NIbGJY:IK7NAtLcOA/cOA\IO}3LNY:7NIbG—YNIK7:A\LV Wb>a7^AJ}KA\@&WKFSAŒ\V.T=IKRKZKA/LN9=ZOY^Wb>.L8AJ}KWK7:RS@X>.PUF_AtL A\Z!Y:A\7N@&A\L^cOAEYMOWbA\L†@X>.ZUR ‡“A\LNY:A\LV.G\>a7^A\FSFSA\L^AJ}KWK7:R_@&A\ZOY ZK9=Z‹L:A\IKFSA\@&A\ZOYcOA\L(A\] ;O>.FSRSYKA\] L*A\ZOYN7:A!F_AtLCG—9<@WQ9<LJ>.ZOYNAtLcOAYMOWbA\L3cOAtLL:YN7:IbGJYNIU7NA\LlV8@X>.RSLE>.IKL:LNR^AtZyY:7NA $v. q. ,v. ŠSŠW‹Œ)Ž.

(54) . )l^lk'. FSA\L^j<>aFSA\IK7NLl˜y|‰AELNMOLNYA\z @A,crAE@9KcOIKFSA\L^cOA,DE>a@Fy{rWbAG—R‘>aF€|‰RS;<dOY‡‚>.RSY8IKZKA,GJ7:9<R”}!LNIK7^FSA\L†LNWEA] G—R xG\>.Y:R_9=ZKL cxw:A\] ;O>.FSRSYKAE] A\ZOY:7NA j<>.FSA\IK7:LVOT=IKRbL:9<ZOYEcOR”•XGJRSF_AtL>*z ‡ 9=7N@X>aFSR_L:A\7/„ IKZUA,;<7J>.ZbcrA,Wb>a7NYNRSA cOA,FH>3GJ9=@WKFSAJ}KRSYKAE] cOA : #A<8A\LNY cOIKA3>.IWb>a7NYJ>.;<A A\ZOY:7NA3L:YN7NIQGJYNIK7:A\L?Œ*A\Y cxw IKZRSZOYKAt] 7A\Š Y*WK7?>aYNRHT=IKA*‡‚>.RSPKFSA<˜ |†w AJ}KWK7NA\L:LNRS9<ZcOIWQ>.7NYJ>.;=A,Wb>a7cOAtL~YMOWQA\LE@X>aZKR”‡ A\LNY:A\L^WQ9<L:AIUZWK7:9<PKFA\z @&A~WK7J>.Y:R‘T=IKA cOA3cOIKWKFSRHG\> ƒ Y:R_9=Z)cOA3LNRS;=Zb>.Y:IK7NA\Ll˜b{OIUWKWb9=LN9=ZKL,FSA\LERHcOA\ZOY:R xG\>.Y:A\IK7NL  A\Y -FSRAt] L[>!z cOA\IO};<7N9=LNL:A\L AJ}KWK7NA\L:LNRS9<ZULcOA L:R_;=Zb>.Y:IK7NAtL ‡x.   m  * g xyzfˆg 1 If)sRt.   m  * g xyzf|o 1 If)sRt c#Z3‡ 9=ZbGJY:A\IK7 WU7NA\Zb>aZOYˆAtZ3Wb>.7J>.@‹A\z YN7:A   A\Y  *Wb>.7:Y?>a;<A>aZyY zr g*A\Y zr oZEA] GJA\L:LNRSYNA cOA~cOIKWUF_RHT=IKA\7 FH>!c/A ] QZKRSYNRS9<ZcOA  9<I - Wb9=IK7EMRSZOYN7:9KcOIKRS7NA IKZKA(A\] ;O>.FSRSYKA3] cOA YMOWbAtL ƒ€to€eRf  3    3 m  *5gMxyzf|o %%g 113fsRt  11 D w A\L:YEA\ZWK7?>aYNRHT=IKA,Y:7A\z L c~A\] L?>a;<7KA] >.PKFSA<˜ 9=IK7,GJ9<7:7NRS;<At7,GJA WK7N9=PKF‚A\z @A<VODE>.@&Fb{OWQAGJRH>.F |‰RS;<dOY^RSZOYN7N9KcOIUR_Y IKZUAXGJ9=ZKLNY:7NIbGJY:RS9<Z  0gLNIK7FSA\LYMyWQA\L!cOA@&9KcOIKFSA\L  € gvgMxyzf|o  %%g(A\LNY!FH>L:RS;<Zb>aYNIK7:A RHcOA\ZOY:R‘T=IKA‹> z b V/>!z Fw AJ}bGJA\WKY:R_9=ZcrI GNdQ>.@WIg xyzf|o‹T=IKR^A\L:Y37NAt@WKFH><GQA[] Wb>a7g xyzf|o( %g€˜ *j<AG GJAtYNYNAZK9=Y?>.Y:RS9<Z V=FSA,‡“9<ZbGJY:A\IK7 Lw:A] G—7NRSY,cOA3@>.ZKRA\z 7:AEYN7Atz LGJ9=@Wb>=GJYNA< ƒ€to€eRf  3    3   gvgMxyqf o %g   1 |†w >lj<>aZOY?>.;=A^cOAG—A\YNY:AEZK9<YJ>.YNRS9=Z  g3A\LNY^T=I w A\FSFSA^Lw:A\] FSRS@RSZKA‰‡‚><GJRSFSA\@&A\ZOY >lj<>.ZOYxFSA~YMOWb>a;<A^WK7:9<WK7:A\@AtZyY cORSYlVOA\Y,ZKA3GJ9=@WKFSRHT=IKA,cO9=ZbG Wb>aLEF_AtLE7A\z ;=F_AtL,cOA3YMOWb>.;=A3cOI)G\>.FHGJIKF crA3@9KcOIKFSA\Ll˜ 9=IK7,Y:7?>.RSY:A\7,FSA\L*@9KcOIKFSA\LEA\@!PQ9 ŠSYKA\] LVOFH>!GJ9=ZKLNY:7NIbGJY:RS9<Z € g >–A\] YKA] A\] YNA\ZQcOI > z  0gvgMxyzf +"

(55) 6.2|(# 1 R-hW €l   '2†(% tVKWQ>.7EAJ}KA\@&WKFSA  g %g @sRgx˜ *Z‹cORSLNWQ9<L:A[>.IKL:LNR8cOA  g- ƒ€to€eRf7g xyzf ƒ€to€eRf7g xyzf. \o. mu. o. . \q. ƒ€to„e„f+"

(56) .2 (b

(57) ')(*M/Sh} "R

(58) 6.2 (b

(59) ')(* !Wb9=IK78RHcOA\ZOYNR bA\78A\ZPKFS9KG8YN9=IKL8FSA\L8YMyWQA\L^GJ9=ZyY:A\ZOIKL . cK>aZKL,cOA\Ir} L:9<IKL¦ƒ‚L:YN7:IbGJYNIU7NA\Ll˜ DE. . H K J K UbV-X-Y?KL|KOzU&_  T?Y[QSORT[U&N L K J ^Q -. |‰ACGt>.FHGJIKF cOA @&9rcrIKFSA\LcrADE>.@&F€{rWbAG—R‘>aF |xRS;<dOY/Lw RSZOYA\z ;=7NA,Y:7A\z L*Zb>.Y:IK7NAtF_FSA\@&A\ZOYcU>.ZKL/FSA@A] G\>aZKRSLN@A cOA,G—9<@WUR_FH>aYNRS9<Z LKAt] Wb>.7KA\] A>*z FH>E@>.ZKRA\z 7:AcOA 9rcrIKFH>lƒ ,T=I w 9<Z3Y:7N9=IKj<>.RSY^c/A ] `<> z cK>aZKL~DE>a@Fy|‰RS;<dOY ˜  >.ZKL GJA&LNMOLNYA\z @A=VxIKZKA!IKZUR_YKA] cOA!GJ9<@&WKRSF‘>aYNRS9<Z (L:AGJ9<@&Wb9=LNA!cOAcOA\IO} €G:dKRSA\7:LIKZ €G:dKRSA\7[cxw RSZOYNA\7¦‡‚><G—A Sr ƒ„e„GJ9=ZyY:A\Zb>aZyY3cOAtL3LNWEAl] GJR €G\>.Y:RS9<ZKL3WQ9<IU7FSA\L3GJ9=@WQ9<LJ>.ZOYNA\L*WKIKPKFSRHT=IKA\L3cOAFw IUZKRSYKA<] VQA\Y IKZ €G:dKRSA\7 cxw RS@WUFAt] @A\ZOY?>aYNRS9.Z Sr ƒ€eGJ9=ZyY:A\Zb>aZyY3cOAtLCc/A ] bZKRSYNRS9=ZKL,WQ9<IK73GJAtLCG—9<@WQ9<LJ>.ZOYNAtL˜ w >aIKYN7:A\L IKZKRSYKAt] LcOA GJ9=@WKRSFH>.Y:RS9<Z WbAtIKj<A\ZOY†‡‚>.RS7:A~7KAJ] ‡<A\] 7:A\ZbGJA3>.Ir}GJ9<@&Wb9=L?>aZyY:A\L^AJ}KWQ9<7:YKA\] A\L/Wb>a7 jOR‘>*FH>*ZK9<YJ>.Y:R_9=Z3WQ9<RSZOYKA\] A Sr {„“ZK9<YKA\] A {A\Z LNMOZOY?>l}KA3DE>.@&F€|‰RS;<dOY?Œ†9<3 I yzf)s ˜ ¡Z[Y:A\7N@&A\L^cOI!FH>.ZK;O>.;<A/cOAE@9KcOIKFSA<VlGJAE@Al] G\>.ZKRSL:@A^cOA,GJ9=@WKRSFH>.Y:R_9=Z,LKA\] Wb>.7KA\] A,L:AEYN7J><cOIKRSY^GJ9=@@A L:IKRSY G:db>=T<IUA[IKZUR_YKA ]  A\L:Y3IKZKALNY:7NIbGJY:IK7NA=’ LJ>L:RS;<Zb>aYNIK7:A[A\L:Y3GJ9<ZOYNAtZyIUAcK>.ZKL FSA €G:dKRSA\7 r ƒ€e„y’QLN9=Z RS@WUFAt] @A\ZOY?>aYNRS9<ZV cU>.ZKLEFSA €G:dKRSA\7 Sr ƒ€eK˜

(60) 9<IKY/LNA Wb>.L:LNA[GJ9=@@&A~L:R Fw IKYNRSFSRSL?>.Y:A\IK7E>lj<>.RSY~c/A ] bZKR v. —x. . . . . .

(61) . . w. .

(62) . .

(63)  m gMn#ozpg† '2M 2R*3(#. ƒ€to€eRf(. . . ƒ€e`fst. 3. . *  '2 2R*3(#  „ ƒ e„ fsRt m ˆ. 8!‹ 9;:=<. .

(64) k.    

(65)  

(66)  !"#%$&

(67) ')(* ! +, '

(68) -./01'23.45 # 627

(69) 6. *A3WKFSIKLlVQF_A YMOWb>a;<A[cOA r ƒ€e!A\Y r ƒ€e„3Lw AJxAGJY:IKAcK>.ZUL,Fw A\ZOjyRS7:9<ZKZKAt@A\ZOY/R_ZUR_Y:RH>.F    ’)rr)rJ’   V89 I z  r)rr LN9=ZyYFSA\LZK9<@&L[cOA\L!IKZUR_YKA\] LcOA)GJ9=@WKRSFH>.Y:R_9=ZKLcrR_L:Wb9=ZKRSPKFSA\L„‚cU>.ZKLFSA7KAt] WbA\7:YN9=R_7:A GJ9=IK7?>aZOYV^FH> PKRSPKFSRS9<YNd Az T=IKAL:Y?>.ZQcK>.7Jc AtY!F_AtL!7KA\] WQA\7NY:9<RS7NAtLX>\`J9=IKYKAt] L!Wb>.7!Fw IKYNRSFSRSL?>aYNA\IK7JŒ A\Y r)rr FSA\IK7:L3LNRS;=Zb>.Y:IK7NA\L-„‚cO9=ZKZEA\] A\L Wb>.73FSA\L €G:dKRSA\7:L  ƒ€eRGJ9=7N7:A\LNWQ9<ZbcU>.ZOYNLJŒ\˜^|xALNMOL:YA\z @&AcOA xGNdUR_ At7~`J9<IUA RHGJRF_A 7.9<Š FSAcxw A\ZOjORS7N9=ZKZKA\@&A\ZOYcOA YMyWQ>.;<A*WbAt7NLNRSL:Y?>.ZOY*A\ZOYN7NA F_AtLGJ9=@WKRSFH>.Y:R_9=ZKL˜ |>#‡ 9<7JGJA,cOA,GJA*@A] G\>aZKRSLN@&A¡crAGJ9=@WKRSFH>.Y:R_9=Z,LKA\] Wb>.7KA\] A A\LNY/T<IUA,GNdQ><T=IKA/‡ 7J>.;<@&A\ZOYˆcOAEWU7N9<;=7?>a@@A WQA\IKYXA\Š YN7:A!FSI V GJ9=@WK7:R_L*A\Y3j/A\] 7:R ,A] cOI‹WQ9<RSZOY3cOA!jOIKA!cOA\LYMyWQA\L3AtZ >lMy>.ZOY*IKZKRHT=IKA\@AtZyY ><G\G.A\z L>aIO} RSZOYNA\7¦‡‚><G—A\LcrA\L[IUZKRSYKA\] L!T=I w R_F8IKY:RSF_RSL:A<V LJ>.ZKL/`\>.@>.RSL>lj=9<RS7 PbA\L:9<RSZ cOA!FSA\IK7:L[RS@&WKFA\] @A\ZOYJ>.YNRS9=ZKL˜QD/AGJR >aIKYN9=7NRSLNAA\Z–Wb>a7NYNRHGJIUF_RSA\7!Fw:A] GJ7:RSYNIK7:A crA\L‡ 7?>a;<@&A\ZOYNL[cxw IKZ–WK7:9<;=7?>.@&@A[cU>.ZKL!IKZ–9=7?cO7:A >a7NPKRSY:7?>.RS7:A A\Y A\Zc/A\] Y:AGJYJ>.ZOY[>.IWKFSIKL Y.9<Š Y,FSA\L*RSZbGJ9<dEA\] 7NA\ZQGJA\LA\ZOYN7NA ‡ 7J>.;<@&A\ZOYNLlVbGJ9=ZyY:7?>aR_7:A\@AtZyY!>z cxwŽ>aIKYN7:A\L,L:MyL¦ƒ YA\z @A\L3cOAG—9<@WUR_FH>aYNRS9<Z&LKA\] Wb>a7KA\] AT=IKR†R_@&Wb9=LNA\ZOYEIKZc/A\] j=A\FS9<WKWQA\@&A\ZOYC>aL?GJAtZbcK>.ZOY! „ '  '

(70) *xŒ\VQIKZKA WK7:9<;=7?>.@&@X>aYNRS9<Z[G—9<@WUF‚Atz YNA\@&A\ZOY ‡“9<ZbGJY:9<7:R‘>aFSR_LKA\] A : =k <¦V=9<I!7:A\Y?>a7?cOAtZyY*FSA\L~j/A\] 7:R €G\>.Y:RS9<ZKLEcOA3GJ9<dEA\] 7NA\ZQGJA RSZOYNA\7¦ƒ ‡“7?>.;=@A\ZOY:L :=8 OVh<?h <N˜ . . . . . . . . ‡x. Ix. DE

(71) . . K O KX H V-KSL|_aUbV-X^Y[KSL. |>3WK7:A\@RA\z 7:AERS@WKFlA\] @&A\ZOY?>.Y:RS9<Z3cOIYMOWQA\IK7,cOAtL~@&9rcrIKFSA\LV.7KA] >.FSRSLKAt] AWQ>.7 U7?>aZ GJC 9<RSL 9<YNY:RSA\7 : <¦VaIKYNRSFSR”ƒ LJ>.RSYcrA\L~@>.7JT<IUA\LE„[ [

(72) ^RŒ†IKZKRHT=IKA\L/Wb9=IK7^7:A\WK7KAt] LNA\ZOYNAt7FSA\L/YMOWbAtL~;^A\] ZEA\] 7KA\] LVU9<I!A\ZcxwŽ>.IKY:7NA\L/YNA\7:@A\L FSA\L[G—F‘>aLNL:A\Lc‰wNAl] T<IUR_j<>aFSA\ZbGJA\L3cOA!YMOWQA\L@9KcOIKFS9!FSA\LA] T=Ib>aYNRS9<ZULRSZbcrIKRSYNA\L3WQ>.7 FSA\L3YMOWbAtL3@X>aZKR”‡ A\LNY:A\L˜ D/A\Y:YNA&YNAG:dKZKRHT=IKA<V8At@WKFS9.M~A\] A!cK>.ZKL YN9<IUYNA\LFSA\L3RS@WKFlA\] @&A\ZOY?>aYNRS9.ZKLcrA\L[@&9KcOIKFSA\LcrAX{OYJ>.ZbcK>a7?c )| : >KVxkOV <m <NVULNA\@!PKFH>aR_YE>WK7:R_9=7NRWKFSIKL,AJ•XGt><GJA!T=IKA3Fw R_@&WKF\At] @!A\ZOY?>.Y:RS9<ZcORS7NAlGJYNA!cOA\L*7A\z ;=F_AtLCcrA3YMOWb>.;=A cOI)G\>aFHGJIKF cOA @9KcOIUF_AtL’OcOA\LEYN7J>lj<>.IO}>.ZOYKA\] 7NRSA\IK7:L,L:IK7EFwNAl] T<IUR_j<>aFSA\ZbGJAEA\ZOY:7NA[GJA3G\>aFHGJIKF cOA @9KcOIUF_AtL^A\Y GJAtF_IURˆcOA[{rY?>.ZQcK>.7Jc  |)A\Z(>.LNL:IK7?>aRSA\ZOYEF‘>GJ9=7N7NAlGJYNRS9<Z A\Y,FH>GJ9<@&WKFA\] YNIbcrA :Shk <N˜ D/AtYNYNA RS@WUFAt] @A\ZOY?>aYNRS9<Z>z Pb>.L:ACcrA@>.7JT<IUA\L~Llw A\LNYE7KA\] j~A\] FA\] A3PQA>.IbG—9<IKW)WUF_IULcOR”•XGJRSFSAT=IKA WK7KA\] jOI ˜ w IKZKA&Wb>.7:YVF_AtL3@X>aZKRSWKIKFH>.Y:R_9=ZKLcrAYMOWbAtLcOA-‡ 9<ZQGJYNA\IU7NLV8ZEA] GJA\L:LNRSY?>aZyYcrA\L[IUZKR €G\>.Y:RS9<ZKL[crA\LNY:7NIbG:ƒ Y:7NRHGJA\L*@X>.RSL^Y:A\@WQ9<7J>.RS7NAtLVOLN9=ZOY,cOR”•XGJRSF_AtL~A\Y*WbAtI G—9<@@&9KcOA\L1˜ wŽ>.IKY:7NA,WQ>.7NYlVKFH>GJ9<@&WKRSF‘>aYNRS9<Z LKA\] Wb> ƒ 7KA\] AZEAl] GJA\LNL:RSYNA‹cOAtL3@X>a7?T=IKA\L3WQA\7:LNRSLNYJ>.ZOYNA\LlV^GJ9<ZULNA\7:j<>.ZOY[FSA\IU73RHcOA\ZOYNRSYKA!] IUZKRHT<IUA‹>z YN7J>lj<A\7:L3WKFSIKLNRSA\IU7NL AJ}EA] G—IKYNRS9<ZUL,cOIXGJ9=@WKRSFH>.Y:A\IK7l’ G—A\LE@X>a7?T=IKA\L^WQA\7:LNRSLNYJ>.ZOYNA\LEL:9<ZOY~cOR”•XGJRSFSA\L> z 7KAl] >.FSRSLNA\7EcK>.ZUL^FSA,LNMOL:YA\z @&A c#ZKR”} cOA @X>aZKR‚A\z 7NA*Wb9=7NYJ>.PKFS A :=8<¦˜ |†w R_@&WKFt]A @A\ZOY?>aYNRS9<ZE><G—YNIKA\FSFSA~cOI YMyWQA\IK78cOA/@9KcOIKFSA\LQA\LNY8PQA>.IQGJ9<IKW WKFSIKL Zb> Sj<A8A\Y L:IKRSY>/z FH>/FSA\YNY:7NA FSA\L/7A\z ;=FSA\LcrA,YMOWb>.;=A,cO9<ZUZA\] A\L,cK>aZK-L :ShgOVQh 0<N˜<|xA\L/WK7:9<PKFA\z @&A\L~cxw AJ•XG\>=GJRSYKA ] cOI!YMOWb>.;=A)A\] j=9rT=IEAt] L~WKFSIKL db>aIKYVlFSRA\] L AtZ[Wb>a7NY:R‘G—IKFSR_At7¡>aI ‡‚>aR_Y T=IKAEG:db><T=IKAE><GtG A\z L,>Ez IKZUAGJ9=@WQ9<LJ>.ZOYNA~c‰w IUZ3@9KcOIKFSA8ZEA] G—A\LNL:R_Y:AEIKZKA L:IKPKLNY:RSYNIKY:R_9=Z!Wb9=IK7^WK7KA\] LNAt7Nj<At7~FSA\L~c/A\] WbAtZbcK>.ZQGJA\LELNIU7^FSA\L^GJ9<@&Wb9=L?>.ZOY:A\L8WK7KA] GQA] cOA\ZOYNAtLVKL:9<ZOY!A\] jORSYKAt] L^Wb>.7 IKZUA[RS@WUFAt] @!A\ZOY?>.Y:RS9<Z!LN9=RS;<ZEA\] AcOIYMyWQA[>aPKLNY:7?>.RSY cOA\L,AtZyjORS7N9=ZKZKA\@&A\ZOYNL cOA3YMOWb>.;=A<VbT=IKRWK7KAl] G\>.FHGJIKFSA GJAtL,LNIUPKLNY:R_Y:IKYNRS9=ZKLEFS9<7NLEcOA FwŽ>\`J9<IUY~cxw IKZ@9KcOIKFSA3>z IKZAtZyjORS7N9=ZKZKA\@&A\ZOYVOA\YEIUYNRSFSR_L:AcOAtL,>.7NPU7NA\L S‰| WQ9<IK7*;y>a7?>.ZOY:R_7/FwŽ><G\G.Atz LEA\ZYNA\@&WKLEFS9<;y>a7NRSYNdU@RHT=IKA~AtZXFH>YJ>.RSFSF_A,crA3Fw AtZyjORS7N9=ZKZKA\@&A\ZOY˜ |‰A\LWU7N9<PUF‚Atz @A\LcOA WbA\7:LNRSLNYJ>.ZbG—AF_RlA\] L‹>(z FH>GJ9=@WKRSFH>.Y:RS9<ZLKAt] Wb>.7KA\] AcrR_L:Wb>.7J>.RSLNL:A\ZOYA\ZOY:R‚Atz 7NA\@&A\ZOY FSA\L!ZK9=@L3cxw IKZKRSYKA\] LcOAXG—9<@WUR_FH>aYNRS9<Z At] Y?>.ZOYIKZKRHT=IKA\LlV8A\Y!FSA\L[YMOWQA\LT=I w A\FSFSA\Lc/A ] bZKRSLNL:A\ZOY A\] Y?>aZOY[7:AJƒ WK7KA\] LNAtZyYKA\] LWQ>.7[cOAtLG:dKA\@&RSZKL3cxwŽ><G\G.Atz L‹>z WQ>.7NY:RS7cOAG—A\L[ZU9<@LlVxFw IKZKRHGJRSYKA!] cOAXG—A\L[YMOWQA\LA\LNY!>.L:LNIK7KA\] A >aIKYN9=@X>.Y:RHT<IUA\@A\ZOYl˜ RSZb>aF_At@A\ZOYVaR_FxAtLNY> z ZK9=YNA\7 T<IUAFw RS@WKF\A\] @AtZyYJ>.Y:R 9<Z!cOA\L*A\ZOjOR_7:9<ZKZUA\@A\ZOY:LcOA YMOWb>a;<A A\LNY*A\ZOYNRAJz ƒ 7:A\@A\ZOY >.WKWKFSRHG\>aYNRSj<A<VOLJ>.ZKL3>aIbGJIKZKA @9KcOR €G\>aYNRS9<Z&WKdOMyL:RHT<IUA<˜ *IK9=R‘T=I w IKZWQA\I(F_9=IK7?c&A\Z>.WUWb>.7:A\ZbGJA o. ‡x. 0v. ‡x. %x. v. u. ŠSŠW‹Œ)Ž.

(73) h;. )l^lk'. „“WK7NA\LJT=IKA!YN9=IKYNA\L FSA\L#‡ 9<ZbG—YNRS9<ZKL cOI)YMOWQA\IK7 9<ZOY,Fw A\ZOjORS7N9<ZUZKA\@AtZyYEGJ9=@@A*Wb>.7J>.@‹A\z YN7:AL:IKWKWKFlA\] @&A\ZOƒ YJ>.RS7NAŒtVyG—A,LNYMOFSAA\] jORSYNAEPKRSA\ZcrA\L~At7N7NAtIK7NL,cK>aZKL^Fw RS@WKFl\]A @A\ZOYJ>.YNRS9.Z3cOA\L/7Atz ;<FSA\LEcOAEYMOWb>.;=AEA\Y^7NAtZbc!WKFSIKL 7:9<PKIKL:YNA3FH> 7NA\WU7NRSLNALNIK7EAt7N7NAtIK73cK>.ZKLEFSA LNMOL:YA\z @&ARSZOYNAt7?><G—YNR”‡?˜ DE. Q z UP_  T?Y[QSORT[U&N V-KSL|_aUbV-X^Y[KSL. . |‰AEF‘>aZK;y>a;<AEcOAE@9KcOIUF_AtL ZKA*Wb9=LNAEWb>aL~cOAEWK7:9<PKFA\z @&A\L8@X>\`JAtIK7NL^cOA,GJ9=@WKRSFH>.Y:RS9<Z: <¦˜=|xA\L^L:YN7:IbGJYNIU7NA\L L:9<ZOY^7NAtWK7KA\] L:A\ZOYKA\] AtL,Wb>a7~cOA\L UƒIKWKFSA\Y:L~GJ9=ZyY:A\Zb>aZyY†F_AtL~GJ9<@&Wb9=L?>aZyY:A\L^cOAEj<>.FSA\IU7NLV=cOAE@9KcOIKFSA\LA\Y~cxw AJ}Oƒ GJAtWKYNRS9<ZUL,cOAEFH> LNY:7NIbGJY:IK7NA=’KFSA\LEGJ9<@&Wb9=L?>.ZOY:A\L~cOA*YMyWQA\L/A\YEcOA,YMOWQA\LcrA,@9KcOIUF_AtL¡crR_L:Wb>.7J>.RSLNL:A\ZOY~PUR_AtZ L<IKŠ 7X>!z Fw AJ}EA] GJIUYNRS9<Z ˜x|>!LNRS;=Zb>.Y:IK7NA!cxw IKZKA3L:YN7:IbGJYNIU7NAXc/A\] YNA\7:@RSZKA3FSA\L WQ9<L:R_Y:RS9<ZKL3cOA3L:A\L[GJ9=@WQ9<LJ>.ZOYNA\L cK>aZKL FSA Uƒ‚IUWKFSA\Y˜x|x9=7NLJT<Iw IUZKA3LNY:7NIbG—YNIK7:AA\L:Y7:A\LNY:7NA\RSZOYNA!WQ>.7 IKZKA3L:RS;<Zb>aYNIK7:A<VQIKZ‹ZU9<IKj=A>.I UƒIKWKFSA\Y A\L:YG—9<ZKL:YN7NIUR_YlVˆG—9<ZOYNA\ZQ>.ZOY3IKZKRHT=IKA\@&A\ZOY F_AtL[GJ9<@&Wb9=L?>aZyY:A\L jOR_L:RSPKFSA\L˜ |‰A\L ‡ 9<ZbG—YNA\IK7:L3LN9=ZOY[GJ9<@&WKRSFA\] L AJ}b>=GJYNA\@&A\ZOY,GJ9<@&@A,cOAtLE‡ 9=ZbGJYNRS9=ZKLE9<7JcORSZb>.RS7NAtL˜ |>‹G—9<@WUR_FH>aYNRS9<ZcOI–FH>.ZK;O>.;<AcrA)Pb>.L:AZ w A\LNY!Wb>aL>lxAGJYKA\] A‹WQ>.7F‚w RSZOYN7:9rcrIbGJYNRS9=Z cOA\L!@&9KcOIKFSA\LV LJ>.IO‡^WQ9<IK7,GJAT<IURxA\LNY cOA3FH>37:A\WK7KA\] LNA\ZOYJ>.YNRS9=Z‹cOA\L*AJ}bGJA\WKY:R_9=ZKL˜ 8Z)DE>a@Fb|‰R_;=dOY :_hlm <NVOF_AtLEAJ}bGJA\WKY:R_9=ZKL L:9<ZOY[7:A\WK7KA\] LNA\ZOYKA\] A\LWb>.7!cOA\LZOIK@At] 7N9<L IKZKRHT=IKA\L!>.YNY:7NRSPKIEAt] L>aI@9<@&A\ZOYcOA&FwNAl] cORSYNRS9<ZcOAFSRSA\ZKLl˜ ¡Z WK7KA\] LNAtZbGJAXcrA ‡ 9<ZQGJYNA\IU7NLVQIKZUA[;^A\] ZEA\] 7J>.YNRS9=ZXWUF_IULcOMOZb>a@RHT=IKAcOAtLA—}UG—A\WKYNRS9=ZKL3cOA\jORSA\ZOY,ZEA] G—A\LNLJ>.RS7NA<‰LNR IKZ‡“9<ZbGJY:A\IK7/7NA\ZOj=9<RSA~IUZKAEAJ}bGJA\WKY:RS9<ZXcU>.ZKL^LJ>*LNYN7:IbGJY:IK7NA 7KAt] LNIKFSY?>aYVOG:db><T=IKA,>aWKWKFSRHG\>.Y:R_9=Z[cOI‡ 9=ZbGJY:A\IK7 cO9=RSY,GJ7KA\] At7IUZKA ZK9<IKj=A\FSFSA] A—}UG—A\WKYNRS9=Z ˜ 9=IK7,GJA ‡>.RS7NA<VO9=ZR‘crA\ZOYNR bA FSA\L,AJ}bGJAtWKYNRS9<ZUL,Wb>a7,cOA\L>=cO7NAtLNLNAtL cOAPKFS9KGJL3cK>.ZUL,FSA3Y?>aL˜ ¡j<>.FSIKA\7*IKZKA!c~A ] bZKRSY:R_9=Z)cxw AJ}bGJA\WKY:R_9=ˆ Z f~pMfyg#sv‚ 7NA\jORSA\ZOY>z >aF_FS9=IKA\7,IUZ ZK9=IKj<Al>.I!PKFS9KG.’=LN9<Z>=cO7NAtLNLNA3cOAtjyRSA\ZOY^FH> :j<>.FSA\IK7 3cOAEFw A—}UG—A\WKYNRS9=Z ‚!˜y|‰AEPKFS9KGEGJ9<ZOYNRSA\ZOY^IUZWQ9<RSZOYNA\IK7 j=A\7NL*F_A ZK9=@ cOA Fw AJ}bGJA\WKY:R_9=Z VKWQA\7:@A\Y:Y?>.ZOY,>aR_ZULNRxFwŽ>l•XG:db>.;=A/‡‚><G—R_FSA cOA3Fw AJ}bGJA\WKY:R_9=Z ˜ ‡x. . . . %w. w. %o. w. $-

(74) (.C~$-0 . bE?F. . . KX  z U&_  T?Y[QSORKX H L3KNZX^N. |>!WK7:R_ZQGJRSWb>.FSA39=7NRS;<RSZb>aF_RSYKA] cOI‹G—9<@WUR_FH>aYNA\IK7,crA[DE>.@&F {OWbAlGJRH>.F^|xRS;<dOYEA\L:Y3cOA[WU7N9KcOIKRS7NA!cOA\Ir} YMOWQA\L cOAGJ9KcOA\LcrR  A\] 7:A\ZOYNL cOIGJ9KcOA„>.WKWQA\FlA ] [ k'(#lŒ*WQ9<IK7*IKZKA@X><G:dKRSZKA3>aPKLNY:7?>.RSY:A<VxT<IURˆAtLNY3A\ZULNIKRSYNARSZOYNA\7:WK7KA\] YKA!] Wb>.7 IKZWK7N9=;<7J>.@@&AAl] GJ7NRSY,AtZ D ’ cOIGJ9KcOA>.L:LNA\@!PKFSA\IU7,Zb>aYNR”‡~WQ9<IK7 IKZGJA\7:Y?>.RSZ(ZK9<@!PU7NA[cxwŽ>a7?G:dKRSYNAG—YNIK7:A\L!„‚>=GJYNIUA\FSF_At@A\ZOY *AG ,FSWKdb>UVK{OWb>a7?G.V RSWKLVOA\Y ZOYNA\F AtZyY:RSIK@XŒt˜ |†w RSZOYNAt7NWK7KA\] Y?>aYNRS9<Z[crAˆPOMOYNAlGJ9KcOA~AtLNY IUZKA^YNAlGNdUZKRHT<IUAA\] WK7:9<IKj/A\] AET=IKR<WK7KA\] LNAtZyY:AcrA^ZK9<@!PU7NA\IO}>lj<>aZOY?>.;=A\L WQ9<7:Y?>.PUR_FSRSYKA] A\] FSA\j~A\] A<Vx7J>.WKRHcORSYKA] cOA[GJ9=@WKRSFH>.Y:R_9=Z VOGJ9<@&Wb><GJRSYKAC] crA\L WK7N9=;<7?>a@@&A\L~WU7N9KcOIKRSYNLlVU‡‚><GJRSFSRSYKA3] cOA 7KA] >.FSRSL?>aYNRS9<Z cxw IKZY:9<WKFSA\j=A\FERSZOYNA\7J><GJY:R ‡,9=I cxw IKZ c/A\] Pb9=;<IKAtIK7V8WQ9<L:LNRSPKRSFSR_YKA] cOAY:7?>aZKLN@&A\YNY:7NAXcrI GJ9KcOA >-z YN7?>lj=A\7NL F_A 7KA\] L:A>.IA\Y3cOA F_A!G:db>.7:;<A\73cOMOZb>a@RHT=IKA\@&A\ZOY˜O|^w AJ}KWEA\] 7:R_AtZbGJA><GtT<IUR_L:A>lj=AG3DE>a@Fˆ|‰RS;<dOY @&9<ZOYN7:A[T=IKA[GJA\L>lj<>.ZOY?>a;<A\LEL:9<ZOY,Y:7A\z L3RS@&Wb9=7NY?>aZOYNL/A\Z‹WU7?>.Y:RHT<IUA<VQA\Z)Wb>a7NYNRHGJIUF_RSA\7 WQ9<IK7*FSA[c/A\] j=A\FS9<WOƒ WQA\@AtZyY 7?>.WUR‘crAXcOA&WK7N9=YN9<YMOWQA\LV89 Iz Fw 9=Z‹WQ>.LNL:AWKFSIKL!cOA&YNA\@&WKL>‹z GJ9=@WKRSFSA\7 FSA!WK7N9=;<7J>.@@&A[T=I wH> z Fw AJ}A] GJIKY:A\7˜. u. mv.

(75) . io. 8!‹ 9;:=<.

(76) h<h.    

(77)  

(78)  !"#%$&

(79) ')(* ! +, '

(80) -./01'23.45 # 627

(81) 6. |‰A3WK7:R_ZQGJRSWb>.FxRSZbGJ9=ZOj~At] ZKRSA\ZOYcOIPOMOYNAGJ9KcOAA\L:YLJ>7NA\FH>aYNRSj<A3FSA\ZOY:A\IK7c‰w A—}Al] GJIKYNRS9=Z bcOA )> z #; ‡“9<RSL WKFSIKLEFSA\ZOY,T=IKA FSA3GJ9KcOA3Zb>aYNR”‡?V=LNIKRSj<>.ZOYEFSA,YMOWQA[cOA WK7:9<;<7J>.@&@A<˜ *j<AGCF‘> @9=ZOYKA\] A*A\ZWKIKRSLNLJ>.ZbGJAcOA\L WK7:9KGJA\LNL:A\IK7:L,@9KcOAt7NZKA\LlVyG—A\YNY:AFSA\ZOY:A\IK7/A\LNY/YN9=IKY>*z ‡‚>aRSYˆY:9<FlA\] 7J>.PKFSAEWQ9<IK7~crAEZK9<@!PK7:A\IO}!YMOWbA\L/cOA,WK7:9.ƒ ;=7?>.@&@A\LlV.A\ZWb>a7NYNRHGJIUF_RSA\7/FSA\LEWK7:9<;<7J>.@&@A\L8RSZOYNA\7J><GJY:R ‡“L˜KD/A\WQA\ZbcK>aZOYVKRSFQ7NA\L:YNA[G—A\7NYJ>.RSZKLEYMOWbAtLcxwŽ>.Wrƒ WKFSRHG\>aYNRS9<ZKL*Wb9=IK7,FSA\LJT=IKA\FSL F‘>7J>.WKRHcORSYKA[] cOI‹GJ9KcOAZb>aYNR”‡^A\LNY ZEA] G—A\LNLJ>.RS7NA<8G\>aF‘G—IKFSL,A\ZOYNRSA\7:L A\Y b9<Y:Y?>.ZOY:L’ @>.ZKRSWKIKFH>aYNRS9<ZKL R_ZOY:A\ZKLNRSj=A\LcOA)YJ>.PKFSA>aIO} A\YcrA‹G:db>ŠSZKA\Ll’^AJ}KWKFS9=7?>.Y:RS9<ZKL!AJ}Kdb>aIKLNY:RSj<A\L „ l*  )'l   ) l  "M.2MyŒt’<A\Y†@‹A\Š @&AGJAt7NY?>aRSZKL~YMOWQA\LEcOA,G\>.FHGJIUF_L†LNMO@!Pb9=FSR‘T=IKAtL˜ 8>.7†AJ}KA\@WKFSA<VaF‚w A\ZOjORS7N9=ZKZKA\@&A\ZOYˆcOA WK7:A\IKj=A[D/9K3T :S)h 8<NVKGJ9=@WKRSFAE] Wb>.7,DE>a@Fb|‰RS;<dOYVOA\L:Y,L:IO•L?>a@@AtZyY87J>.WKRHcOA A\ZIKY:R_FSRSL?>aYNRS9<Z&RSZyY:A\7?>=GJYNRSj=A @>.RSL^IKZWQA\I)FSA\ZOYEFS9<7NLJT=I w R_FxGJ9=@WKRSFSAEA\ Z :Pb>.YJGNd cOA ;<7N9=LNL:A\L,Y:dA\] 9<7:RSA\L˜ *A*WKFSIKLVOIKZGJA\7:Y?>.RSZLNZU9<PKRSLN@&A/‡‚>.RSY~T=IKA FH>3GJ9=@WKRSFH>.Y:RS9<Z[cOA POMOYNAG—9rcrAAtLNYELN9=IKj<AtZyYE@A\] WK7:R_LKA\] A> WK7:RS9<7NRUWb>.7^GJA\Ir}-T=IKRKZUAEF‚w 9=ZyYWb>.L8WK7J>.Y:R‘T=IEAt] A< ˜ c#ZG—9<@WUR_FH>aYNA\IK7Zb>.Y:R”‡€AJ•XGt><GJAEL:A\@!PKFSA^RSZbcORSLNWQA\ZKLJ>.PKFSA WQ9<IK7*FSA\L,GJ9<ZOj<>aR_ZQGJ7NA3cOILKAt] 7NRSA\IO}‹cOIFH>.ZK;O>.;=A,DE>.@F˜ c#Z GJ9=@WKRSFH>.Y:A\IK73ZQ>.YNR”‡ A\LNYcO9=ZbG&ZEA] GJAtLNL?>aRS7NA<’/@X>aRSL3RSF~Z w A\L:Y!Wb>.L!AtZyjORSL?>a;<A>aPKFSAXcOAY:9<IKY ‡‚>.RS7:A >lj=AG.˜O|xA\L^Y:A\@WUL¡crA,GJ9<@&WKRSF‘>aYNRS9<Z L:9<ZOY!A\] FSA\j/A\] LlV<FSA,G:db>.7:;<A\@&A\ZOY^cOMOZb>.@&R‘T=IKA/cOA,GJ9KcOAEA\Y^Fw IKY:R_FSRSL?>aYNRS9<Z RSZOYNA\7J><GJY:RSj<ALN9<ZOY3cOR”•XGJRSFSA\LVUFw RSZOYNAt7‡‚> G\C >.;=AC>lj=AG IKZ‹c/A\] PQ9<;=IKA\IK7>.IKL:LNRVQA\Y F‘>Y:7?>aZKLN@&R_L:LNRS9<Z)cOA!GJ9KcOA >z Y:7?>lj<At7NL,FSA*7KA\] L:A>.I(YN7A\z L,FSRS@RSYKAt] A<˜ |†wŽ>.WKWK7:9KGNdUA3LNIKRSjORSA3cK>.ZKL DE>.@&F {OWbAlGJRH>.F^|xRS;<dOYEA\L:YcO9=ZbG3cOA ‡ 9=IK7NZKRS7[>z FH> ‡ 9=R_LEIUZ‹GJ9<@&WKRSFH>.YNAtIK7 cOA*POMyY:AGJ9KcOA*A\Y^IKZGJ9=@WKRSFH>.Y:A\IK7Zb>.Y:R ‡xA\Z>.LNL:IK7?>aZOY^FH>G—9<@WQ>.YNRSPKRSFSRSYKA8] YN9=Y?>aF_AEAtZyY:7NA*F_AtL~cOA\IO} ˜ ,RSZKL:R‚V FSA\L^WU7N9<;=7?>a@@AtLxWbA\IUj<A\ZOY,A\Š Y:7NA c~A\] j<AtF_9=WKWEA\] L†A\Y^@RSL >aI[WQ9<RSZOY^GJ9<ZO‡“9<7NYJ>.PKFSA\@&A\ZOY A\Y†7?>.WUR‘crA\@A\ZOY^>lj<AlG FSA3GJ9<@&WKRSFH>.YNAtIK7crA3POMyY:AGJ9KcOA<VQWKIUR_LEWQ>.LNLKA\] L>z Y:7?>lj=A\7NL*F_A3GJ9=@WKRSFH>.Y:A\IK7/Zb>.Y:R”‡ˆLNRFSA\IK7NL*WbAt7‡ 9=7N@X>aZbGJA\L Fw AJ}KRS;<A\ZOY˜ |†w R‘c/A\] AEZ w A\LNY/Wb>aL~ZK9=IKj<AtF_FSA<=cOA,ZK9=@!PK7NAtIO}L:MOLNYAtz @A\LE|xRSLNWV<Wb>a7~A—}rAt@WKFSA<Vl‡“9<IK7:ZKRSLNLNAtZyY/IKZ&R_ZOY:A\7ƒ WK7A\z YNAA\ZWKFSIKL,cxw IKZ)GJ9=@WKRSFH>.Y:A\IK7^ZQ>.YNR”‡?’K>aIKLNL:RVOWKFSIKLNRSA\IK7:LGJ9=@WKRSFH>.Y:A\IK7:LDE>a@FQj<A\7:L@ D :S)h ;OV 8#;OV 8K?h < 9=ZyYA\] YKAX] c/A\] j=A\FS9<WKWEA\] L!A\Z GJ9=@WKFlA\] @&A\ZOYCcrAXDE>.@&F^|xRS;<dOY˜ >aZKLF_AtLcOAtIO}µGt>.LV8FSA!WK7:9<PKFA\z @&A!A\LNY!cOA ;O>.7?>aZOYNRS7T=IKA F_AtLcOA\IO}GJ9<@&WKRSF‘>aYNA\IU7NLR_@&WKFA\] @!A\ZOYNAtZyY F‘> @‹AtŠ @A!LKAt] @X>.ZOY:R‘T=IKA=˜ 8ZDE>a@FE{OWbAlGJRH>.F |‰R_;=dOYVxGJAGJR/A\L:Y ‡‚><G—R_FSRSYKA ] Wb>.7 FSA3‡>.RSYT=IKA!FSA\L3cOA\Ir}µGJ9=@WKRSFH>.Y:A\IK7:L,Wb>a7NY?>a;<A\ZOY>!z FH>-‡ 9=R_L*FSA\L3GJ9<IbG:dKAtL db>aIKYNAtL„ YMOWb>.;=AA\YWK7KA] GJ9<@&WKRSFH>.YNRS9=Z j=9<RS7 b;=IK7NA(hŒ A\YF‘> PKRSPKFSR_9=YNd Alz T<IUAcxw AJ}A] GJIKY:R_9=Z „ l*M2M1

(82)    

(83) !Œ\Q;<AtLNYNRS9=Z)@A\] @&9<RS7NA=V<7:A\WK7KAt] LNA\ZOY?>aYNRS9<ZUL[cOA[cO9=ZKZEA\] AtLVQ‡ 9=ZbGJY:R_9=ZKL,WU7NRS@RSYNRSj=A\L˜ 8Z)Wb>a7NY:R‘G—IKFSR_At7V Y:9<IKY:A\L3FSA\L3Wb>aLNL:A\L[L:IKL?G—A\WKYNRSPKFSA\L!cOAWK7N9KcOIUR_7:AcOA\L3At7N7NAtIK7NL)>&z F‘>GJ9=@WKRSFH>.Y:RS9<ZL:9<ZOY Wb>.7:Y?>a;^A\] A\Ll˜ˆ|‰A\L L:MyL:YA\z @&A\LE|xRSLNW&Wb>.7:Y?>.;=A\ZOY^LNAtIKFSA\@A\ZOY/Fw AtZyjORS7N9=ZKZKA\@&A\ZOY^cxw AJ}A] GJIKY:R_9=Z ’=F_AtLGJ9=@WKRSFH>.Y:A\IK7:L¡DE>a@FOj<At7NL D VULNA\IKFSA\@&A\ZOYEFSA\LGJ9=IbG:dKA\L db>aIKYNA\Ll˜ ,A WKFSIKLlVbGJAt7NY?>aRSZKL,Y:7?>.RSY:LcOA FH>LKA\] @>.ZOYNRHT=IKA3cOA3DE>.@&F8„ WQ9<7:YKA\] A dOMOWbAt7NLNYJ>.Y:R‘T=IKA=V8Wb>.L3cOA!YMOWb>a;<AcOMOZb>a@RHT=IKAŒE7:A\ZbcOAtZyYWQA\IKYƒ\A\Š Y:7NAXG—AWb>a7NY?>a;<A!WKFSIKL Zb>aYNIK7:A\FET<Iw AtZ |‰R_L:W ˜ |‰A7KA\] LNIKFSYJ>.Y!A\L:YIKZKA)GJ9=@Wb>aYNRSPKRSFSRSYK!]A WK7NA\LJT=IKA)YN9=Y?>aF_A&A\ZOYN7:AXFSA\LcrA\IO} G—9<@WUR_FH>aYNA\IK7:L[cOA)DE>.@&F {OWQAGJRH>aF |xRS;<dOY˜=| > L:A\IKFSAcOR”A\] 7NAtZbGJA A\LNY,T=IKA GJA\7:Y?>.RSZKAtLGJ9=ZbcORSYNRS9=ZKL~cxw A\7:7NA\IK7 „><G\G.A\z LEA\ZXcrA\dK9<7:Lc‰w IUZ YJ>.PKFSA>aI VKcORSjOR_L:RS9<ZWQ>.7 xA\] 7:9yŒ#LN9<ZOYEY:7?>.ZUL‡ 9=7N@At] A\LEA\ZAJ}bGJA\WKY:RS9<ZKL*Wb>.7EFSAG—9<@WUR_FH>aYNA\IK7EcOA POMOYNAGJ9KcOA=V @>.RSL^YNAt7N@RSZKAtZyY/FSA,WK7:9<;=7?>.@&@A~>lj=AG*FSAGJ9=@WKRSFH>.Y:A\IK7^Zb>aYNR”‡?˜O| > 7KA] G—IKWEA\] 7J>.YNRS9=Z crACG—A\LEA\7N7:A\IK7:L,LN9=IKL ‡ 9=7N@&Acxw AJ}bGJA\WUYNRS9<ZKLEAtLNY,RS@&Wb9=7NY?>aZOYNA,AtZXIUYNRSFSR_LJ>.Y:R_9=Z!RSZyY:A\7?>=GJYNRSj=A<VK@>.RSL~cOA @X>aIKj<>.RSL^L:YMOF_A WQ9<IK7EIUZ WK7:9<;=7?>.@&@A/RSZbc/A\] WQA\ZbcK>aZOY’=F‘> cOR”A\] 7:A\ZbGJAcOA,LKA\] @X>aZyY:RHT<IUAEA\ZOYN7NA FSA\LEcOA\IO}XG—9<@WUR_FH>aYNA\IK7:L^ZKA cOA\jO7?>aR_Y cO9=ZbG Wb>aLE;bA\Š ZUA\7EA\Z)WK7J>.Y:R‘T=IKA=˜ |>‹G—9<@WQ>.YNRSPKRSFSRSYKA] A\ZOYN7:A)FSA\LcOA\IO}GJ9<@&WKRSFH>.YNAtIK7NLZKAj<>)WQ>.L,`JIKLJT=I wH>)z WQA\7N@&A\YNY:7NA)FSA&@A\] FH>.ZU;<A cK>aZKL,IUZ)@‹A\Š @&A,WK7:9<;=7?>.@&@A,cxw IKZUR_YKA\] L,GJ9=@WKRSFA\] A\LEA\Z PyMOY:AGJ9KcOA!>lj<AG3c‰w >aIKYN7:A\LG—9<@WUR_FlA\] AtLEA\Z‹GJ9KcOA "x. x. u. . Io. Šu. w. Sw. ŠSŠW‹Œ)Ž.

(84) h. )l^lk'. Zx. *Zb>.FSMOLNA FSAJ}KRHG\>.FSA,AtY,LNMOZOY?> }KR‘T=IKA

(85) MOWb>.;=A,A\Y*A\ZOjyRS7:9<ZKZKAt@A\ZOYNLEcOA3YMOWb>a;<A 87KA] GJ9=@WKRSFH>.Y:R_9=Z AJ}KWb>.ZULNRS9<Z cOI bFSYN7?>a;<A<V&7NAlGJ9<ZKZQ>.RSLƒ LJ>.ZbGJAEcOA\L8WK7:RS@RSYNRSj<AtLVJLNWEA] GJRH>.FSRSL?>aYNRS9<Z3cOA\L8WK7:RS@RSYNRSj<AtLxWb9aƒ FSMO@9=7NWKdKAtL 87:9KcOIbGJY:R_9=Z‹cOA POMOYNAGJ9KcOA LNMO@!Pb9=FSR‘T=IKA ZOYN7:9rcrIbGJYNRS9=Z crA\L!‡ At7N@AtYNIK7:A\LV/c~A] GJIK7:7NM €G\>aYNRS9<ZV >.WUWbA\FSL,cORS7:AGJYNL cOA ‡ 9=ZbGJY:R_9=ZKL }KWb>aZKLNRS9<Z j<A\7:L 1515B:Sh A<¦VOIUZyPQ9l}KRSZK; aIKZOY?>.;=;<RSZK; FS9KG\>.F cOAtL,A\ZOYNRSA\7:L,A\Y Q9<YNYJ>.ZOYNL *LNLNAt@!PKFH>.;<A3cOIPOMOYNAG—9rcrA {/A\] FSAG—YNRS9<Z cxw R_ZULNYN7:IbGJY:R_9=ZKLV RSZOYN7N9KcOIQGJYNRS9<Z cOA WKL:A\IbcO9aƒ‚7:A\;<RSLNY:7NA\L ,ZQ>.FSMOLNA3cOA[cOIU7KA\] A[crAjORSA RSLNA A\ZWKRSF_A WK7KA\] j<AtZyY:RSj<A[cOAtL,7NAt;<RSLNY:7NA\L3cOA db>aIKYNA WK7:A\LNL:R_9=Z ^] crR_Y:RS9<Z)cOA FSR_AtZKL,cOIPOMyY:AGJ9KcOA ,FSFS9KG\>.Y:RS9<Z3cOA^7:A\;<RSLNY:7NA\L†Wb>.78GJ9<FS9<7:RH>.;<A^cOI;<7J>.WKdUA cxw RSZOYNA\7¦‡aA\] 7NAtZbGJA\L3>lj<AlG,WU7KAJ] ‡<At] 7NA\ZbG—A\L |xRSZEAl] >.7NRSLJ>.YNRS9=ZXcOA\L*LNY:7NIbGJY:IK7NAtLCcrA[GJ9<ZOY:7 9<Š FSA ZKL:YN7NIQGJYNRS9<Z›L?G:dKAlcOIKFSRSZK;›„ LNR F‚wŽ>aLNLNAt@!PKFSA\IK7!ZKA(FSA ‡‚>aR_Y/Wb>aL?Œ ZOYNAt7NWK7KA\] Y?>aYNRS9<Z‹crIXPOMOYNAlGJ9KcOA 8] @&R_L:LNRS9<ZcrAGJ9KcOA3>.L:LNA\@!PUF_AtIK7 ,FSWKdQ> {OWb>a7?G  RSWKL  ZOYNAtF ,L:LNA\@!PUF‘>a;<A&A\Y A] cORSYNRS9=Z cOAFSRSA\ZKLWb>.7!FSA\L!9=IKYNRSFSL cEZUR } AtLNYNRS9=ZKZb>.RS7:AcOA3@A\] @9=RS7NA<V.PUR_PUF_RS9=YNd Az T=IKA cxw AJ}A] GJIKY:RS9<Z u. o. o. w. u. u. v. w. u. w. u. v. u. r. RS;<IK7:A!h!K{OYN7:IbGJYNIU7NA!cxw A\ZKLNAt@!PKFSAcOI)GJ9=@WKRSFH>.Y:A\IK7~DE>a@Fx{OWbAlGJRH>.Fˆ|‰RS;<dOY. 8!‹ 9;:=<.

(86) h)8.    

(87)  

(88)  !"#%$&

(89) ')(* ! +, '

(90) -./01'23.45 # 627

(91) 6. Zb>aYNR”‡?˜xD/A\Y:YNARSZOYNAt7N9<WEA\] 7?>aPKRSF_RSYKA[] Z w A\L:Y3Wb>aLRS@&Wb9=LNLNRSPKFSA3AtZ‹Y:dA\] 9<7:RSA<V @>.RSLEZEA] G—A\LNL:R_Y:AIKZ‹;=7N9=L3YN7J>lj<>.RSF cxw RS@WUFAt] @A\ZOY?>aYNRS9.Z ˜<{r9<ZIKYNRSFSRSYKA*] WK7?>aYNRHT=IKA 7NA\L:YNAX>!z c/At] @9<ZOY:7NA\7l˜. . bE D. K z U&_  T?Y[QSORKX H V^K. . . bORK. zUbV^K . |>/@X><G:dKRSZKA^>aPKLNY:7?>.RSY:AˆIUYNRSFSR_LKA\] A^Wb>a7xFSA~GJ9<@&WKRSFH>.YNAtIK7€crA^POMyY:AGJ9KcOA~crA~DE>.@&F {OWQAGJRH>aFr|‰RS;<dOYxA\LNYWK7N9KG:dKA cOA F‘> @X>=G:dKRSZKA  IUYNRSFSR_LKA\] A Wb>.7EDE>.@&F€|‰RS;<dOY :Shlm <¦˜

(92) 9=IKYNA\L,crA\IO}XL:IKRSj<A\ZOYlVbcK>aZKLEFH>3Y:A\7N@&R_ZU9<FS9<;=R_A cOA AtMyY:9<ZOƒ <9=ZKA\ L : <g <NVKFSA @9KcxAtz F_&A NWKIULNdOƒA\ZOYNA\7 bVQWb>a7,9<WUWb9=LNRSYNRS9<Z)>aIX@&9Kc€A\z FSA :A\j<>.F”ƒN>.WKWKFS1M !cOA3FH> { †D  9<IcOA FH>3D ˜KD w A\L:Yƒ>lz ƒNcORS7NA3T=IKA FSA\L>a7N;=IK@A\ZOY:Lcxw IKZUAE‡ 9=ZbGJYNRS9=ZLN9=ZOYXA\] j<>.FSIEA\] L/A\YEA\@&WKRSFA\] L cOAcr7N9<RSY:A >&z ;y>aIbG:dKA<VxWUIKRSLFH>‡ 9<ZbG—YNRS9<Z(A\LNYA\] j<>.FSIEA\] AA\Y[>aWKWQA\FA\] A<’xL:9<Z GJ9KcOA!Y:A\LNY:A>.FS9<7:LFSAZK9<@!PU7NA cxwŽ>a7N;<IU@A\ZOYNL†‡ 9=IK7NZKRSLlVKGJ9<ZOYNRSZOIKA*A\ZLKA] T=IKA\ZQGJA[Llw R_FxM!AtZ >>.L:LNA =Vb9=I7:A\ZOj<9<RSA IKZKA*‡ At7N@AtYNIK7:AL:RSZK9<Z ˜ D/A @9KcxAtz F_AERS@&WKFA\] @A\ZOY:A~AJ•XGt><GJA\@&A\ZOY~FSA*Wb>.L:L?>.;=AcxwŽ>a7N;<IU@A\ZOYNL/GJIK7N7:M #A<] VKLJ>.ZKL,>aIbGJIKZUAC>aFSF_9KG\>aYNRS9<Z L:R FH> ‡“9<ZbGJY:RS9<ZA\LNY,G—9<@WUF‚Atz YNA\@&A\ZOY>aWKWKFSRHT<IEA\] A<˜ DE>a@F {OWQAGJRH>aF¡|‰RS;<dOY>aWKWb9=7NY:AT=IKA\FHT=IKA\L L:R_@&WKFSR €G\>.Y:RS9<ZKL[>-z F‘>@><G:dKRSZKA  Vx > bZ(cOA[7:A\ZbcO7:A FSA\LEG\>.L/GJ9<IK7J>.ZOYNL/WKFSIKL^A—•XG\><GJAtL˜ 8>.7^A—}rAt@WKFSA<V.FSA\LEcOA\Ir}WKRSFSA\LE„>.7:;<IK@&A\ZOYNL^A\Y†7NA\Y:9<IK7:L?ŒEcOAEFH>  L:9<ZOY,@>.RSZOYNA\Zb>aZOY^‡ IULNRS9<ZKZEA\] A\L,AtZ)IKZKALNA\IUF_A=˜ *IKLNL:RVKFSA37NAlc~A\] @X>a7N7J>.;<A3cOAtL,‡“9<ZbGJY:RS9<ZKLEWb>a7NY:R_AtF_FSA\@&A\ZOY >aWKWKFSRHT<IEA\] A\L37:AGJ9<WUR_AcK>.ZUL3FH>WUR_FSAFSA\L[>.7:;<IK@&A\ZOYNL LNIULNWQA\ZbcOIKLl’~GJAlGJR~WQA\7:@A\Y[crAc~A\] YNAt7N@RSZKAt73LNYJ>.YNR”ƒ T=IKA\@&A\ZOY^WQ9<IK7^G:db><T=IKA*j<>.7:R‘>aPKFSA^LNRQA\FSFSA~AtLNYEcK>.ZKL†F‚w A\ZOjORS7N9=ZKZKA\@&A\ZOYˆ>.FSFS9<IEA~] cOA,FH>‡ A\7N@&A\YNIU7NAE9<I!PUR_AtZ L:IK7EFH> WKRSFSA<V<AtY~RSFQZ w A\LNY/WKFSIKL/ZA] GJA\L:L?>aR_7:A[cOA*YNA\L:YNA\7*F‘>CY?>.RSFSFSAcrAFH> WUR_FSA[>z G:db><T=IKA ><G\G.Atz L,GJ9<@&@AEcK>.ZKL FH>  :Shm <N˜ D/dQ><T=IKA,RSZKL:YN7:IbGJYNRS9=ZXcOIGJ9KcOA3>.PKL:YN7?>aRSY~9KG\GJIUWbA3@>.RSZOYNA\ZQ>.ZOY8IKZ@&9<Y~cO^A >[9KGJY:A\YNL >.I&F_RSA\Ic‰w IUZ 9KGJY:A\Y˜U„ FOj<>.IQcO7?>aR_Y8cO9<ZQG^@&R_AtIO}3Wb>.7:F_At7¡crA  ~9=7?cKGJ9KcOA WUF_IUY 9<Š Y^T=IKAEcOA NPOMOYNAGJ9KcOA b˜ŽŒ

(93) 7N9=R_L7?>aR_L:9<ZKL >z GJAtYNYNA @9KcOR €G\>aYNRS9<Z QY:9<IKYcxwŽ>aPb9=7?cxV8GJA\7:Y?>.RSZKL&WK7N9KGJAtLNLNAtIK7NL(.„ *AG *F_WUdb><ŒFSRSLNA\ZOYFSA\L!@9=YNL3WKFSIKL AJ•XGt><GJA\@&A\ZOYT=IKA3FSA\L*9KGJYNA\Y:L˜ 8ZKL:IKRSYNA<VQRSF Zw M>WKFSIKL,cOA3WU7N9<PUF‚Atz @A\L,cxwŽ>aF_RS;=ZKA\@AtZyY/cOA\L 9<WEAt] 7?>.ZQcOA\L L:IK7 9=I >!9KGJY:A\YNL*7NA\ZQGJ9<ZOYN7KA\] L3>lj<AG*FH>  µKYN9=IKLEFSA\L,9=WEA\] 7J>.ZbcOAtL,LN9=ZOYE@X>.RSZOYNAtZb>.ZOY^L:IK-7 >!9KGJY:A\YNLlV >aF_RS;=ZA\] L˜ R_ZQ>.FSA\@AtZyYlVy>aI)GNdQ>.7N;=A\@AtZyY cOI)GJ9KcOA[cK>aZKL,Fw RSZOYNA\7:WK7A\z Y:A<VxG:db><T=IKA3RSZKL:YN7:IbGJYNRS9=ZXWQA\IKY!A\Š Y:7NA 7:A\@WKFH>=GbA\] AWb>.7FwŽ><cO7:A\LNL:A crI @9=7?GJAl>.I crA G—9rcrA T=IKREFw AJ}EA] GJIUYNA<V87:A\ZbcK>aZyY>aRSZKLNREFSAXc/A] GJ9KcK>.;=A)cOA\L RSZKL:YN7NIQGJYNRS9<ZULWUF_IULEAJ•XG\><G—A<˜ D/A\Y:YNA3Y:AG:dKZKRHT=IKAG—9<7N7:A\LNWQ9<ZQc >-z IKZKAA\] j<>aFSIb>.Y:R_9=ZWb>a7NY:R_AtF_FSA3cOI m gp  AJxAGJY:Ib>.ZOY FSA3c~A] GJ9KcK>a;<A[cOAtL,RSZKLNY:7NIbG—YNRS9<ZKLlVKA\Y*A\LNY GJ9<ZUZyIUA3LN9=IKLEFSAZU9<@+cO6A "Mlk #(k(  ')( :Žm <N˜ 8FSFSA Z w A\L:Y^Wb>aL^AJ}KWK7NRS@>.PKFSA^A\ZD i,{ \V.@>.RSL Llw R_@&WKFA\] @AtZyY:A^>.RSLKA\] @&A\ZOY^>lj<AG†FSA\L *Rg G\>.FHGJIKFlA\] L/cOA 3-i c D j<A\7:LNRS9<Z U˜xD/A\YNY:A>.LNY:IbGJA!><G\GQA\] F‚A\z 7NAcxw IKZ‡‚>=GJYNA\IU7 8-A\ZOjOR_7:9<Z(FSA[c/A] GJ9KcK>a;<A!cOA\L3RSZKL:YN7:IbGJYNRS9=ZKLVxT=IKR WK7:A\ZbcWUF_IUL,cOA F‘> @9=RSYNRA,] cOIYNA\@&WKL,cxw RSZOYNA\7:WK7KA\] YJ>.Y:R_9=Z)cOIPyMOY:AGJ9KcOA<˜ †RSA\ZA\ZOYNAtZbcOI V8FH>YJ>.RSFSF_A!cOA\LAJ}EA] GJIUY?>.PUF_AtL!PyMOY:AGJ9KcOAX>aIK;<@&A\ZOYNA cxw IKZ(‡‚>=GJYNAtIK7 8UVŽmA\ZOjOR_7:9<Z ˜ D/A\Y:YNA3>.IU;<@AtZyYJ>.Y:R_9=Z A\LNY/YN9=IKY>*z ‡‚>aRSYˆY:9<FlA\] 7J>.PKFSAEA\Z&WK7?>aYNRHT=IKA<<cOAtL A; <93cOA*PyMOY:AGJ9KcOA,WQ9<IU7^FSA,GJ9<@-ƒ WKRSFH>.Y:A\IK7~DE>a@FO|xRS;<dOYVl9=Z[Wb>aLNL:A> z #A; <93cOA /9<7JcKGJ9KcOAEWQ9<IK7†F_AEGJ9=@WKRSFH>.Y:A\IK7ˆDE>a@FK{OWQAGJRH>.FQ|xRS;<dOY’ GJAtF‘> 7NA\L:YNA&‡ 9<7:Y 7?>.RSL:9<ZKZb>aPKFSA<˜ |>jOR_Y:A\LNL:AXcxw AJ}EA] G—IKYNRS9<ZAtLNYZKA\YNY:A\@AtZyY>.IK;=@A\ZOYKAt] A[Wb>a7ƒ7?>aWKWb9=7NYX> z DE>a@Fx|xRS;<dOY*„ j<9=RS7~FH>LNAlGJYNRS9<3Z 8U˜ >OŒ\˜ muv. "o. ‡x. \w. uv. musv. \o. muv. u. muv. u. %w. x. muv. \w. u. r. .x. sx. bE . . K z U&_  T?Y[QSORKX H V^K zUbV-K5N^QORT. |‰A G—9<@WUR_FH>aYNA\IK7 Zb>aYNR”‡cOA)DE>.@&F~{OWQAGJRH>.F,|‰RS;<dOY3WK7:9rcrIKRSYcORS7:AGJYNAt@A\ZOY!cOI GJ9KcOA)>aLNLNAt@!PKFSA\IK7˜8| > Y:7?><crIbGJYNRS9=Zj<At7NLED >CLN9<IUj<A\ZOY!A\] YKA ] WK7KA\] L:A\ZOYKA\] A3GJ9=@@&A^FSA,@9.M=A\Z3L:R_@&WKFSA~AtY~WQ9<7:Y?>.PUF_A,crA,WK7:9rcrIbGJYNRS9=Z cOA3GJ9KcOA*Zb>.Y:R”‡ˆAJ•XG\>=GJA<˜ )>aFSdKA\IK7:A\IKLNAt@A\ZOYVOAtF_FSA*A\ZOYN7?>lŠSZKAcOAtLEYNA\@&WKLcrAGJ9=@WKRSFH>.Y:R_9=ZA\] FSA\j/A\] LEA\Y/ZKA \v. ŠSŠW‹Œ)Ž.

(94) h>. )l^lk'. WQA\7N@&A\YEWb>aLEF‚w RS@WUF\A\] @!A\ZOYJ>.YNRS9=Z[AJ•XGt><GJA3cOA\LEA—}UG—A\WKYNRS9=ZKL,A\Y,crI D ˜ *A WKFSIKLVOFSA\L D G—9<ZKL:A\7Nj<>aYNR”‡ L T=IKAFH>WK7N9KcOIbG—YNRS9<Z‹crA[D9=PKFSRS;<A>!z IKY:RSF_RSL:A\7 : >b€V A0<ˆL:9<ZOY,ZK9=ZLNA\IKFSA\@&A\ZOY,RSZKAJ•XGt><GJA\L @>.RSL~WQ9<L:LNRSPKFSAJƒ @&A\ZOYˆRSZbG—9<7N7:AGJY:L~A\Z!WU7KA\] L:A\ZbGJA cOA,GJA\7:Y?>.RSZKAtL~9=WKYNRS@RSLJ>.YNRS9=ZKL cOI!GJ9<@&WKRSF‘>aYNA\IU7ˆD`: <¦Vl7:A\ZbcK>aZyY/GJAEYMOWbA cxw RS@WUFAt] @A\ZOY?>aYNRS9.ZA\LNL:A\ZOYNRSA\FSFSA\@A\ZOY*R_@&Wb9=LNL:R_PUF_A[> z WK7:9<IKj=A\7˜ RSZb>aFSA\@A\ZOYlV<FwŽ>.L:WbAG—Y NdEA\] 7N9 ‘T=IKA !R_Zrƒ dEAt] 7NA\ZOY> z FH>7KAl] >.FSRSL?>.Y:RS9<Z cxw IKZ–GJ9<@&WKRSF‘>aYNA\IU73AJ•XG\>=GJAA\LNY!WKFSIKLZKA\Y!AtZbGJ9<7:AF_9=7NLJT<Iw 9=ZWK7N9KcOIUR_Y!cOA FwŽ>.L:LNA\@!PKFSA\IU7~WKFSIKY.9<Š Y,T=IKA3cOI)D ˜ |>WK7:9rcrIbGJYNRS9=Z cORS7NAlGJYNA)cxwŽ>.L:LNA\@!PUF_AtIK73WQ9<LNAA\] jORHcOA\@@&A\ZOY IKZWK7N9=PKF‚A\z @AcrAWQ9<7NYJ>.PKRSFSRSYKA<] ˜8{OIK7 FSA\L 8<m ;#;;F_RS;=ZKA\LcrADE>a@FˆG—9<@WQ9<LJ>.ZOYEFSA[GJ9=@WKRSFH>.Y:A\IK7,DE>.@&F {OWQAGJRH>.F~|‰RS;<dOYVUA\ZOjyRS7:9<Z h ;#;#;-LN9=ZyY L:WA] GJR €T=IKA\L(>.IWK7:9KGJA\LNL:A\IK7‹G—R_PUF_A=~FSA)@&9KcOIKFSAXT=IKR3c/A] G—7NRSYF_A WK7N9KGJA\L:LNA\IU7„ ZK9=@!PK7NA)cOA(7NAt;<RSLNY:7NA\LlV GJ9=ZOj<A\ZOYNRS9=ZKLcxwŽ>.WKWQA\FVA\Y?G.˜ŽŒA\YFSA@&9rcrIKFSAT<IURXA\] @A\Y!cOI–GJ9KcOA)>.LNL:A\@!PKFSA\IK7)> z Wb>.7:YNRS7c‰w IUZKAFSRSLNY:A cOA&WKLNAtIbcO9.ƒRSZKLNY:7NIbG—YNRS9<ZKLl˜ˆ{‰w M>\`J9=IKYNAtZyY A\ZOjyRS7:9<Z #;;&F_RS;=ZKA\L3cxwŽ>.L:LNA\@!PKFSA\IU7‹Al] GJ7NRSY)>z FH>@>.RSZ)WQ9<IK7 RSZOYNA\7¦‡‚><G—A\7!FSAXGJ9KcOAWK7:9rcrIKRSY[A\Y!FH>PUR_PUF_RS9=YNd Az T=IKAc‰w A—}Al] GJIKYNRS9=Z „“A\Z WQ>.7NY:RHGJIKFSRSA\7V8FSA DEŒ\˜8|xA7:A\LNY:A cOI–GJ9<@&WKRSFH>.YNAtIK7 A\LNY!RSZbc/At] WbA\ZQcK>.ZOY!cOI WK7:9KGJA\LNL:A\IK7lV~AtY[L:IO•L?>a@@AtZyY Wb>a7?>a@A\] Y:7KA!] WQ9<IK7LwŽ><GtGJ9<@-ƒ @&9rcrA\73cOAFH>&WKFSIKWb>a7NY3cOA\L!>.7JGNdUR_Y:AGJY:IK7NA\L N{KD c‰w >aI`J9=IK7?cxw dOIKR8A\Y!cxwŽ>.I(@9=R_ZUL,IKZKA>a7?G:dKRSYNAlGJYNIK7:A D N{KD „ FSA A\ZOYNRSIK@Œ\˜ bw A\LNY:RS@A> z IKZKA 9=I crA\IO}XL:A\@X>aRSZKA\L/F_A*YNA\@&WKL,cOA WQ9<7NYJ>.;=Aj=A\7NLEIUZKA ZK9<IKj=A\FSFSA >a7?G:dKRSYNAG—YNIK7:A<˜ DE>a@FK{OWQAGJRH>.F |‰RS;<dOY~Zw AtLNY/Wb>.L3>3z WU7N9<WU7NA\@&A\ZOY~Wb>a7NFSA\7/IKZXG—9<@WUR_FH>aYNA\IK7†9<WKY:R_@&RSL?>.ZOYlRSFQZ w A\LNLJ>lM<A Wb>aLcrAXY:7?>aZKL‡ 9=7N@&A\73FSAXGJ9KcOA)cOIWK7N9=;<7J>.@@&A\IK7*Wb9=IK7[FSA&7NA\Zbcr7NA)WKFSIKLAJ•XG\>=GJA<’8@>.RSL R_F†‡‚>aR_YcOA\L AJx9<7:YNL3GJ9=ZKLNRHc/A\] 7J>.PKFSA\L*Wb9=IK7,ZUA3Wb>.LERSZOYN7:9KcOIKRS7NA[c‰w RSZKA—•XG\><GJRSYKA\] LcK>aZKLEFSA[GJ9KcOA3L:9<IK7JGJAA\YEA\Z‡ 9=IK7NZUR_7 IKZUA~Y:7?><crIbGJYNRS9=Z €cxA\z FSA<˜.|>†‡ 9<7JGJA~cOAEGJA\Y:YNAE>.WKWK7:9KGNdUA~A\L:YˆT=IKA^FSA~G—9<@WQ9<7:YNA\@&A\ZOY cOI3GJ9KcOA/WK7N9KcOIKRSYlV\A\Z Wb>a7NY:R‘G—IKFSR_At7^LN9=Z[WK7: 9 bFQcxwŽ>.FSFS9rGt>.YNRS9=Z VJ7NA\L:YNA*WK7KA\] jORSLNRSPKFSA/A\Y8‡‚>=GJRSFSA\@A\ZOY8GJ9<ZOYN7.9<Š FH>.PUF_A†Wb>.7^@&9KcOR €G\>.Y:RS9<ZKL cOI LN9<IU7?GJA<’QLJ>‡‚>aR_PUF_AtLNLNA A\L:Y3T<IUA3FSACG—9<@WUR_FH>aYNA\IK7/ZKA ‡>.RSY `\>.@>.RSL~cOA @RS7?>=GJFSA\L~AtY,ZKA3WQA\IKY*AJ}KYN7J>.RS7NA IKZ)GJ9KcOAc~A] GJA\ZOY cxw IKZLN9<IU7?GJA3AtLNLNAtZyY:RSA\FSF_At@A\ZOYE@X>aF,Al] GJ7NRSY˜ c#Z GJ9=7N9=F_FH>aR_7:ARS@@A] cORH>.Y cOA)GJA\Y:YNA>.WKWK7:9KGNdUAXAtLNYXT=IKA&FSA G—9<@WUR_FH>aYNA\IK7 Z wŽ>.FSFS9<IKAcK>aZKL!FSAY?>.L >aIbGJIKZKAEL:YN7:IbGJYNIU7NAcrA,GJ9<ZOYN7.9<Š FSA/L?>.Ir‡€FSA\L‡ A\7:@A\Y:IK7NAtL~GJ9<7:7NA\L:Wb9=ZbcK>aZyY/>.IO}3‡“9<ZbGJY:RS9<ZKL^cOA/Fw IUYNRSFSR_LJ>.Y:A\IK7˜ *F_FS9=IKA\7^cK>.ZUL FSA~YJ>.L8FSA\L8PKFS9KGJLˆcxwŽ>=GJYNRSj<>.Y:RS9<Z VlGJ9<@&@A FSA†‡‚>.RSY {  | <i  : <NVlA\L:YˆIUZ[AJ}bGJAtF_FSA\ZOY8AJ}KA\@&WKFSA cxw RSZKAJ•XGt><GJRSYKA*] RSZyY:7N9KcOIKRSY:AEWb>.7/FSA,GJ9<@&WKRSF‘>aYNA\IU7˜.DE>.@&Fb{OWQAGJRH>.Fx|xRS;<dOY^L:YN9KG <A*YN7Atz L,GJFH>.LNL:RHT<IUA\@A\ZOY^FSA\L PKFS9KGJLcxwŽ><GJY:R_j<>aYNRS9<Z–cK>.ZUL!F‘>(WUR_FS3A cEZUR } ˜^D/A\Y:YNA>.WKWU7N9KG:dKA)ZKA)L:A)WK7A\Š YNA(Wb>.L‹>(z Fw RS@WKFlA\] @!AtZyYJ>.Y:R_9=Z AJ•XGt><GJA[cr A p- eMe pMp@>.RSL^LNA @X>.7:RSAEPKRSA\Z)>lj<AG cOA\L*WK7N9KGJAtLNLNIULFlA\] ;=A\7NL k„  !)" i!"#P"Mlk #(0Œ\˜ |‰A\LEWb>aLNLNAtLcOI)GJ9=@WKRSFH>.Y:A\IK7/LN9<ZOYEWK7KA\] LNAtZyYKA\] A\L b;=IK7NAh=˜KiE9=IKL,c/A\] YJ>.RSFSF_9=ZKLEGJR”ƒ¦cOAtLNLN9=IKL,FSA\LEWQ9<RSZOYNL LJ>.RSFSF‘>aZOYNLEcOI)GJ9<@&WKRSF‘>aYNA\IU7˜  

(95) †pyŸq   pKž œ q  p  š ž œ š q/ž š

(96) s8prq  |‰AGJ9=@WKRSFH>.Y:A\IK7YNRSA\ZOY,> z `J9=IK78Wb9=IK7^GNdQ><T=IKAEj<>.7:RH>.PKFSA A\Y*Wb9=IK7G:db>=T=IKA[G:db>.@&WXcOA LNYN7:IbGJY:IK7NAIKZKA[>aWKWK7:9l}rRS@>.YNRS9=ZcOA F‘> ‡“9<7N@&A JGJA\YNY:A3j<>.7:RH>.PKFSA3GJ9<ZOY:R_AtZyY IKZUA)‡ At7N@AtYNIK7:AcOA(YNAtF_FSA‡“9<ZbGJY:RS9<Z >lj=AGYNAtF_FSA\Lj<>a7NRH>.PKFSA\L!FSRSPK7:A\L Q˜D/AtYNYNA>.WUWK7N9l}KRS@X>aYNRS9<ZLNA\7:Yµ> z Y:7?>.ZUL‡ 9=7N@At7^FSA\L>aWKWKFSRHG\>.Y:RS9<ZKL~crA/‡ 9<ZbG—YNRS9<ZKLEGJ9=ZKZOIKA\L/A\ZX>aWKWbAtF_LEcORS7NAlGJYNL,>aIGJ9KcOAcOA GJA\L/‡ 9=ZbGJY:R_9=ZKL˜ |†w >aWKWQA\F~cORS7NAlGJY‹A\] jOR_Y:A[IUZ>=G\G.A\z L[cU>.ZKL FH>‡ At7N@AtYNIK7:A[A\Y WQA\7N@&A\Y IKZ(PKRSA\Z)@AtR_FSFSA\IK7EWU7KA] G:db>a7N;<At@A\ZOY „ €lk )+ +"KŒEcOA\LERSZKLNY:7NIbG—YNRS9<ZKL/LNIU7EF_AtLEWK7N9KGJA\L:LNA\IU7NL @9KcOA\7:ZKA\Ll˜ ,A*WKFSIKLV=Fw A\ZOjyRS7:9<ZKZKAt@A\ZOY^Z w A\L:YEWb>.L Wb>aLNLKA3] A\Z)Wb>a7?>a@‹A\z Y:7NA,L:IKWKWKFlA\] @&A\ZOY?>aR_7:A LNRx9<ZLJ>.RSY,T=IKA F‘>C‡ 9=ZbGJYNRS9=ZZ wŽ> Wb>.L cOA j<>.7NRH>aPKFSA\L~FSRSPK7:A\L˜ |†wŽ>.WKWK7:9l}KR_@>.Y:R 9<ZA\L:YA—€AG—YNIEA\] A!cOA3@>.ZKRA\z 7:A,Y:7A\z L Zb> _j=A<VKGJ9=7N7NAtLNWQ9<ZbcK>aZOY->z WQA\I)WU7A\z L!>z F‘> WK7:AJƒ @&R‚Atz 7NA RSYKA\] 7J>.YNRS9=ZXcOA FwŽ>.Zb>aF_MOL:A ;<D a:=8#8OV 8#;<N˜ ,RSZKL:RVKcK>.ZKLEFw AJ}KA\@&WKFSAELNIKRSj<>.ZOY 2r. r. &x. r. p. to. u. \v. . x. . Šu. e„fg

(97) `~ 

(98) #oMsvx7516. Su. 11. 8!‹ 9;:=<.

(99) hm.    

(100)  

(101)  !"#%$&

(102) ')(* ! +, '

(103) -./01'23.45 # 627

(104) 6. . e„fg*7 e„fg (.

(105) 

(106) o s`~516 ~ 

(107). *. FSA\L‹>aWKWQA\FSLµ> z

Références

Documents relatifs

To test whether the vesicular pool of Atat1 promotes the acetyl- ation of -tubulin in MTs, we isolated subcellular fractions from newborn mouse cortices and then assessed

Néanmoins, la dualité des acides (Lewis et Bronsted) est un système dispendieux, dont le recyclage est une opération complexe et par conséquent difficilement applicable à

Cette mutation familiale du gène MME est une substitution d’une base guanine par une base adenine sur le chromosome 3q25.2, ce qui induit un remplacement d’un acide aminé cystéine

En ouvrant cette page avec Netscape composer, vous verrez que le cadre prévu pour accueillir le panoramique a une taille déterminée, choisie par les concepteurs des hyperpaysages

Chaque séance durera deux heures, mais dans la seconde, seule la première heure sera consacrée à l'expérimentation décrite ici ; durant la seconde, les élèves travailleront sur

A time-varying respiratory elastance model is developed with a negative elastic component (E demand ), to describe the driving pressure generated during a patient initiated

The aim of this study was to assess, in three experimental fields representative of the various topoclimatological zones of Luxembourg, the impact of timing of fungicide

Attention to a relation ontology [...] refocuses security discourses to better reflect and appreciate three forms of interconnection that are not sufficiently attended to