I.C.T. and Environment : Bad Assumptions and Recent Hypotheses

HAL Id: hal-00777761

https://hal.archives-ouvertes.fr/hal-00777761

Submitted on 18 Jan 2013

HAL is a multi-disciplinary open access archive for the deposit and dissemination of sci- entific research documents, whether they are pub- lished 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.

I.C.T. and Environment : Bad Assumptions and Recent Hypotheses

Florence Rodhain, Bernard Fallery

To cite this version:

Florence Rodhain, Bernard Fallery. I.C.T. and Environment : Bad Assumptions and Recent Hypothe-

ses. D. Jawahar. Towards Managerial Excellence: Challenges and Choices, MACMILLAN publishers

India, pp.1-18, 2011, 0230-33253-6. �hal-00777761�

1232425678597ABCD7EF755

685EBD756785FF75DFF

DCF7F51 5!5FC76C85""9#

121342567289ABCDEFC91BECEF9

FEBEFCBBCD3BF9 EFBFEFBCD3BF

! F

12345674894A26B4C877DE6C5A68E46B4A84F3B3EA4E3498CDB3B49843B35C246E4A2349634894E68E73EA45E4E9875A68E 4 877DE6C5A68E413C2E884E4A23496BA4F5A43464F3B3EA4A28D24543634894A2346A35AD34A2345A234E35A63 4 834F5344148E4A2343E68E73EA4F5F34A5EBF8A5A68E4C8EBD7FA68E45BA3412345674894A234B3C8E4F5A46B4A8 4 6BCDBB4A2345A234F8B6A634834F5344146A24354A84E8334894A2343E68E73EA4B67D5A68E4A5C3566A 4 6E9875A68E4 3B35C248E4A234C8EC3FA48943BF8EB666A4534A23E46534A8434338F345E4A26B46434A234BD!3CA 4 894A234A264F5A

"38B4E9875A68E413C2E884C884E68E73EA4#DBA56E534338F73EA

$ 1 4%341 5

"#B$9F%9F99&49CB9E9F'9C9BCB9(9)F99)*+9,9C9E9)FC99B9FCE9 B 9 E3%E 9 CB 9 "-E 9 .CB+

9 0 9 C 9 C 9 BCB 9 ( 9 )F 9 9 )8 9 C 9 9 BCB9 1C 9 ED9 EFC999EFF89E89C 92BC9C9BE99E9BFCE9%EFE9E9 EE9 EF9CCB)9EB9 9FC9BFCE9-E9E3%E9FE9FE89CBE9B939F9CBCBEFE9 CB 9 E 9 %C 9 1 9 C 9 C 9 %EB 9 B 9 CFEB 9 % 9 E 9 EE 9 EFCB 9 CB 9 E 9 9 -E 9 BC999E99C9CB9B9FB94E%9#EC9%EFE9E3%E9CBCBEFE99FEDEE9 9 C 9 BCBE 9 EB) 9 EFF 9 B 9 E 9 CBCB) 9 CB 9 E 9 C 9 F 9 566 9 EF 9 7EB 9 %E9 CFECE 9 F 9 " EE+ 9 &4 9 EF 9 % 9 EF 9 9 E8 9 9 %E 9 8B% 9 % 9 E 9 EF 9 %C9 BCBE9C9CE9E99!8CB)9E9:ECB9C9FE9B9%FEBE909C9%FEBE9E9 DE99FE9C9B9E9EBDCFBEB9C9C9C9B9%E9 99FEBC E9CE899E1CBE9 C 9 E 9 9 EFCB8 9 E 9 9 BCB8 9 C 9 FECBC 9 9 E 9 ;E 9 EF 9 9 9-E9 F)BC<CB999E9F9FECB)9E3%E9B9E99=)9BCEBE=909CB)989E9 EF9BCF9EFE9B99BCB9E99!9)9BCEBE9C9C9B99%999E9 9%EFE9C9F89%C9FE9:ECBCB)9E9BFE99EDC9

1 9 CEBC 9 B 9 EBC 9 DE 9 FE 9 9 FECE 9 % 9 % 9 F 9 B 9 EF 9 E9 EBBE9 9"E)C+95DEF 98B%99%9%E99CB9E9BE19%EB9EF99 DE99DC9C9B9E9CE99E9EB999C9EBF9>244&892BEF)DEFBEB9

&BE9B94CE94B)E9>'33%%%C

?909%C9E9FEF9%FCEB9 94C9,EFB89 FEF 9 @CE3&FECEB 9 9 E 9 7F 9 0B8 9 >'33%%%3FEF)D8?8 9 C 9 C 9 B% 9 B 9 B9 CEBC 9 % 9 FE 9 FCCB) 9 E 9 F8 9 9 9 EBC 9 B 9 CBBCEF 9 2 9 EFE 9 C 9 B 9

1

232455627829A8BCD8E25FA6527582D82D622952D8B21

2!7"52#$%%&2672CD'D62EC7(AC2A"'D8E2D627CB2(52855A"2672"5B525'DD782672C5269A82)2*A"(7825+D,AC586-2EDEAF

6788525"25A"2"5"5586D8E2A2*"DE9626725'D6-27.2/0E2D82A"(7825+D,AC58625"25A"5"27"CB2D6D158 2262"558625A92

D89A(D6A8627.269523!225'D621126D'52'7"52A245"'A82526D'52'7"525A926"D6D92D6D1582/26D'52'7"52A27"5892D6D158226D'52

'7"52A8B2A2%9D8552D6D15821 /26D'52'7"5

CECE9B9C E9FECB9>9C891E9B9F B9B9FEE91E9F9BB9CB)9 CDCCE8 9 CB) 9 EFECB8 9 CEBCC9 B 9 EBC9 EFCB9 )FEEEB8 9 E?89 E9 99CE9B)E9DEF9EB9EF9%9 E899E9) 9EDE89559 CCB9EF89B9FE9 B9669CCB9EE9%C9 E9 C)E99EDE9ECF9E99CB9FE)E9

!B9C9C9EEBC99%E9FECB99CE9BC999CCB9%C9C9E)C89EBC9 B9C

'9(6B99E9BE989FCB8CB)9%EF893A999%E9C9C9F%B9CB9F C9 893A99E9%F$9CB9CDE9B9E9B99F99C-C9FECBEF99E 9 9;CCE9F9ECCB9989:ECB9CB9EDEF9CE9%C9FE)F99E9E)C9C9 9 F9DFC9CEE92BFCB9B94BCCB9-EB)CE9>24-?

89%EDEF89DE9B)9 FECBE 9 B 9 E 9 EFCEF 9 9 C 9 CE8 9 %E 9 CEB 9 ECB 9 )B 9 9 9 CEFC9 F89CCB9CBF89<EF9EF89EE%F8CB)89EEFBC9FE89E9

-E9C99E9CF9F99C9BCCB89F)99FEDCE%99E9CEFFE89C99BE9 E9BE)CDE9FE924-9DE9B9E9EBDCFBEB-E9CE9F9C)BFBE9EE99DE989B9 C9C9B%9BEEF99E1CBE9CB9EC99%9E1EB924-89B9E9E99C9E99E89 99F9CB9E9EFCB9F9FECB99E9EBDCFBEB9

-E9C99E9EB9F'9C99BE9E9CCDE9FE9E9 924-9B98B%E)E99E9 EBDCFBEB 9 ! 9 EFCE 9 9 :ECB 9 B 9 E 9 EBC 9 F 9 24- 9 9 E 9 EBDC)E8 9 9 9 FECB)9E9EBDCFBEB9F)9)FEEF98B%E)E99E9EBDCFBEB9-C9CBE9CB)9 CBFECB)9DBE9%FE99CE9F9BF9E9EBDCFBEB89E9FE99E92BEFBE9 B99CB9FECB)9BE%F89F9CC<EB9B9BCFCB)9E9CE99FC889CB)924-9F9E9 FE CC99B)EF9F89E9

2924-9DE9B9E99F9CB9 CCB)99%F99C9FE9FEE99E9EBDCFBEB89C9 C 9 CFE9 CB8E 9 9 E 9 EDCF 9 9 E 9 % 9 E9 24-9 9 2EB C 9 B 9 E)CCCB89 EE9:ECB9FECB899FEEB899 EB9F9E9BEFB99EEF3FEEFEF9CB9E9 CE9 9 2BFCB9 ,E9>2,?8 9) 9E9 FE 9 9 E9DEF9 EF 9 9E9 CF 9F 9 9 C 9 BCCB'979C9E9E)C9FEBC CC99 CBEE9B99CBCDC9979 E)CC 9 9 DEFEC)B 9 E 9 B 9 BB 9 )DEFBEB 9 F)BCCB 9 DE 9 F9 B)CB) 9 E9 CB89 E%EEB924-9B9E)99

1 1&955''%()41 '5 5495"955123242

79#E,BC9B9&E9>/DD(?99E9",CFC99E9EB)+9%9E9FE999 E'924-9%EFE9)CB)99FEE9EF9B9FEE99CE9%EFE9"<EF9EF+9%9 E9E9 )EBEF9FE924-9%9FEE9EE9FBFCB9>9%E99E9FBFCB99)9 B899EEFBC9FE?9B9C9CB9FB9%9E9FEE9E9CB9CE9%C9FDE9 9 %E 9 9 FEE 9 E 9 BCB 9 9 E 9 BE$ 9 BF 9 FEFE 9 7EFE 9 EE 9 E9

;CCE99

*2$ 4F5+6856EBD75D,5-.FCD56FC/

0E%EEB9/DEE9B9/DDE89BCB99EF9CBFEE9 9(B9CB9CBFCCE9BFCE9

>4EB8 9 66/? 9 #FCB) 9 C 9 E 9 EFC8 9 %EDEF8 9 E 9 C 9 F 9 EEFBC 9 CBFCB9 F)E9EDEE9BCEF 92B96FE90FCCB89.%9>/DDD?9%E99EF9BCB9 FE9B9 E9 E%EEB9/DE(9B9/DD589%C94B89E9%F$9B EF9BE9E1FEF99

)

247,5"8'586AC2A8B28782E7,5"8'586AC27"5&2$8392)24C7(AC298,D"78'58627ADCD622::72:7"CBA692#86D6652A82 A"6DC52(2;552

25"525278DB5"2#%2D82(7692695D"2A56&2#8.7"'A6D782A8B2%7''8DA6D782<527CB2AC72A26952BDED6DA6D782A562A8B26952

8567"02A5627"269527'65"2A562A8B26952D865"8562A56=

EF899FE9B9 E9C9E9CB9E99/59EF9!FCB)995F8B9>/DDE?89CB9E9 ABCE9,E9BB9EF9BCB9FE9F9F999CCB9BBE9 E%EEB9/D5G9B9 /DEG

29EFE9C9CBEE99FEEEB9EE89F9E1E9%EB9EB9FE9EB9EEFBC9 FEF 9 B 9 9 FCCB 9 9 EFDCE8 9 % 9 B 9 C 9 CBFEE 9 CB 9 EF 9 BCB 9 E9 E1CBE990EE9E9EE9FE9F)CB9CB9FECB99E9CBFEE9C CCCE9F9FCBCB)9 EFE9 9CB)924-9>18FCB8966A?9!99BE9 9296

99ECE99 (AB99HFEB9EE9FCB999569)E999B899E9E99CBFCB896B9 C 9 9 FCBCB) 9 9 9 E9 EB 9 E 9 FEECDE8 9 B 9 AEB 9 C 9 9 FCBCB) 9 9 9 E9 EEFBC9C9E9FEECDE9999 E9 E99FE9C9B9EF92B9E9FCDE9EF89E9FC<E 9 F 9 EF 9 %CB) 9 C 9 )CDEB 9 9 E 9 EFF8E 9 EF8 9 %C 9 (6B 9 9 )E 9 FCBE 9 9 BBEEFC9

*2* 4F5+6856EBD75D,5+BBD75,DC5C6AF

1FE 9 FEEB8 9 E 9 B EF 9 9 EEBE 9 9 9 BCBE 9 9 C 8 9 9 E 9 B EF 9 9 8CEFE 9 FDEE 9 9 BE 9 9 CBFEE 9 9 F) 9 E 9 E 9 FE8 9 B 9 E 9 B EF 9 9 8CEFE9FDEE9 9F99CBFEE9%CE99:C89>&CEFE89/DFF?97B9EFCB9CB89 9EEBE99B9FEE99FC89 9FE9BCCB89B9:C8EF9BCCB89DE9 FEE 9 CB 9 FE 9 CDCCE 9 B 9 FE 9 CBEFCB8 9 CB 9 FB 9 FECB) 9 CB 9 9 )FEEF 9 B EF 9 9

;FBE

!)9 EFCB9 CE99 8E9 B9CBEFE 9CB9 E9 C9 9 EEBCCB9 B9FDE9 DE9CBEE9 EEB9 E99%99EEBCCB9DE99"FEEEB9EE+9B9FDE89 18FCB9>66A?9%99EE9CE899E9FE9CCE9CB9ECF9E)C9F9

>F9EF9B9CB)9B99CB)E9CCB?89DE9CE9E9FE9 E89B)9EF9B9 CBCFE9EE99B9 E9B9CB9CE99E9CC9E9!FCB)99E9F89EFE9C9 B9ECFC9F99%9 9EEBCCB9DE9FEE9FDE9>.9B9IB)9 /DDD89 J8EEF9 /DDG?9!FCB)9 9IC9 >666?89BE9 9 E9 9B9E9 F9 CE 9 BE9C9BBCB)9B9ECB)9EECB)

KC9B9.FD9>66G?9E99EE%F8CB)99FEE9 9D6B9E9ECCB99 47 9 CE9%C9FDE89 9C9%9 E9BCE9 99FE9CBFEE9CB9EC 9 EBEF)9BCB899C)BCCB9FECB)9E9CCDE9EE99EE%F8CB)9!FCB)99 .FDE9B9-F9>666?89CBCDC9BEE9C9B9B89C9E99B9DE99%F8E9 F 9 9 B8 9 E 9 %C 9 EFEFE 9 EE8 9 E 9 EE%EFE8 9 FE:CFCB) 9 FDE 9 #CFE9 BCCB89E9CB9FEB9)CDEB9F9FDE89C9B9BE9FEB89B9C9B9BEEFC9E 9 9CFB9%EB9C9E99ECCB)99FDE9>#89/DFA?9-EFE9FE9"E9CDCB+9 F9FDECB)89CBCB)9FC99DCC9C9F9FCEB89CBEFECB)9CE899%E99E9ECFE99 EE9F9E9E9F9%F89EBDCFBEB9>0B9B91))C89/DD(L918FCB89/DEE8966A?9

4F5+6856EBD75D,5F03DEEFCF5F,,F5D75C67DC

!9EFCB9B EF99CEBCC9CE89FCF9CB9E9CE992BFC95)89DE9 EEB9 CE9B9E9:ECB99EEFBC9FE91E% 93A459>66/?9E9B9E9E99 89CB9E9ABCE9,E9B9FE9E9FCCB9E9%C9EEFBC9FE97BE99 E9CB9FE99ECF9BC9%99EFE9C9CBEE99EFCB9B99EBEF)9DCB)9 9 FECB) 9 E 9 BEE 9 9 FDE 9 9 E 9 8 9 8 9 9 9 EE 9 DCB) 9 FE 9 DEF 9 9 EBE9F9 9E9FBFCB99E9 89 9EFBE929C99E9FBFCB99 EFBCE998E9E9EBEF)9 C9C)EF9

7CC9B9-)C9>66/?9E9B9E9E9EF89B9FE9E9E99E9A,!9

%C99 9MB92B9E9ABCE9,E8 9E9B99FA9E);E9>1M?9EF9 89%EFE 9

/

2!6B278B65B2(2#724C7(AC2782(59AC.27.2;5>'A"02<"D865"2'A8.A6"5"=2782129"75A82!49F!4#2A8B2CA"E52

7'A8D52D822"DC2/2<552966& C5>'A"0 ."=

BE 9 9 EEFBC 9 FE 9 %EFE 9 B 9 5A 9 E);E 9 %EFE 9 BE 9 EF 9 8 9 F9 FCCB9FE92B9MB89EEFBC9FE9C9BE9FE9EBEF)9B9FCCB9FE9F9 CB)9 889 9FCF9CB9E9C)9F BCE9FE999E9EBFE99-8'9B9 DCB)9CB9EF99CBCDC9FBF9>E9DEF9CE9CB9CCE9CB9B9E?89 9B9E9BFF9 9C)BCCB999EBEF)9 EE99E98)CB)9>9FE99F9EEFBC9FE9 B9FCCB9FE?9

) 4F5+6856EBD75D,5D15D1FC56785D156C+D75,DDCB7

!FCB) 9 9 E 9 C)FE 9 B 9 CB 9 E 9 CEFFE 9 B 9 2BFC 9 5)8 9 C 9 % 9 EF 9 9 EEFCC9BCB9F924-9C9B99C)99FC)CB9EFE9NCBEF9>66A?9EBFE9 9 24- 9 FEFEEB 9 B 9 AB 9 9 9 EEFCC 9 BCB 9 CB 9 E 9 A,! 9 KE 9 >666?9 FE 9 E 9 E 9 C)FE 9 9 AB 9 F 9 E 9 A,!9 B 9 E CE 9 9 C 9 C 9 /B 9 F 9 6EFB89 ) 9 BCB 9 CB 9 6EFB 9 9 CB 9 9 9 GB 9 9 6/69 EEBCB) 9 B 9 E 9 EBEF)9 DCB)9EFE9E9 E%EEB9B%9B9EB9>NB)F893A458966/?9!99FE99EDE89 6F9B9KECB9>66A?89%9CE9CB9EC9E9EBEF)9BCB99B9B9CBE9BCDEFC9 C FF8 9 %E 9 9 E 9 CBFFFE 9 9 E 9 BE%F8 9 CE 9 9 CE 9 C 9 B 9 E9 E$99EBEF)9BCB9!FCB)99ECF9BE89B9E9B96B99B9B9 CBE9C FF$99EBEF)9BCB9EFCB99E9EEFCC9BEEE99EFE9E9DFC9 CBE9>)E%89EFDEF89CB89E?

.%EDEF8 9 CB 9 66F8 9 E 9 2BC 9 4CB 9 E 9 9 4BCB 9 >HFEB 9 BCB 9 BEF9 CBCE89244?9 EE9BEFBE9 9E9EEFCC9BCB99E9"CEFDCE9 1E+9 FDCE9 9 F B9EFF99EE9 1E9FE9BEDEF9FBE99B9BE9 E%EEB9 /(A9B9GA98739EF9EF89EEBCB)9B9E9E9!FCB)99E92448999 1E9 8EB9)EEF9BE9999/5/9 CCB98739EF9EF9>E9E:CDEB99%9B9 9 B$9FCB9F99BEF9FEF?928E9KF89@CE3&FECEB99E96FBEF96F9

>66G?9ECE99E9EEFCC9BCB9BEEE999B99E99EBFE9CB9 E9%F9FEFEEBE999:FEF999E947 9ECCB9)EBEFE9 9E92-9CBF -EFE9FE9C 99EE89%E99FECDC<E9989E924-9CB9%EF9BCB89E9 C)FE99%99BCB99FE9FEE9C)BCCB9FFCB9B99C9 BCBE99)F%9-E9E9C)FE9%99BCB9924-9B%9B9F9/A5B99 HFEB9EEFCC9CB966E89C9BCB9C9)F%CB)999E9E89 9/6B9EF9BB9 DEF9E99EB9EF

89B9E9C)FE9F96/9%C9 E96B92B9EF99F B9FCB89C9 FEF9C89%C99F)CB99EFFF99O93939A6B8 9 924-9BFC E9DEF995B9 9479P9 FCB9CB9HFBE9ECE99F)E9E99BEF9%EF9>B9E1CB)9E9FCB9FCB99 EEFBC9E:CEB89E9FE99CFE?

*22 4F5+6856EBD75D75F016F557D53B7674B+F35CD8

2B 9 E 9 CE 9 E 9 9 24-8 9 EDEF 9 )E 9 FE 9 CB 9 CB 9-E 9 CF 9 C 9 E 9 FCB 9 )E89

%E9 9E9)E9)E9B9CB999E9EB99CE9)E9

29%E9899E9FCB9E89%E9B9EE99C9CDC9C9C)9CB)89)CDEB99 B9B99E9F%9EFC9E9CB9E9FCB9924-9B9 E9B9CB9E9CBCE9F89

%C9E9FECBCB)9DEB9FBFE9CB9%E9>.C9B929666?9!9EF9BCB9 /86669CEFEB9EFC9F99DEF9E9%F89CBCB)9E89C89 FC89 EFCC929 E9CE9E1EB999EF9CB9/DDF9%9G9B89C9%9B9%9EF9CB966589B9C9C 9 E 9 9 EFE9 %C 9 E9 /A9 CCB9 EF 9 CB 9 E9 %F9 9 6/A9 >HC 93A 4 589 66F?9

!FCB)999FEEB99 9E96FBEF96F9>66G?8924-9FE9FEBC E9F9B999

%F 9 ECCB 9 9 F BC 9 ) 9 CB 9 E 9 EFE8 9 %C 9 FFEB 9 9 E 9 EDE 9 9 ECCB99BE99E9EF9BCEFE99E9E9'9CF9FBF9HCB89EFE9C9E9 EB99CE9E89CB9%C9E9FEE9F9FECB)9924-9C9E1FEE9FFE9>HCEF966A?9299 EEB9 EFDE99D6B99E9%E9 CBE9F9EEFC9F9EEFBC9E:CEB9C9ECEF9

5

26"5DC226"56652? 27C@"FA"A"B262%5E8D562B2CDE87CC52? 2<=2

CBCBEFE9F9DEFE9%C9B9F99FE3FEEB9>HCEF8966A?91B99E9B9 B9CB9BCC99E9F9EEFC9F9EEFBC9E:CEB9>45489666?89B9F9 C9EEFC9F9EEFBC9%E89/B9E9F924-9!FCB)994BEF92EF89B9 /6B99E9EF9F%B9%9FE9FEE9"CB99FEBC E9BBEF+92)9E6B99E9 EEFBC9 ;E9F%B9%9FE9FFEB9EB99EDECB)9BFCE9994CB892BC9 B 9 KEB8 9 %EFE 9 EE 9 >CBCB) 9 B) 9 CFEB? 9 CBE 9 E8 9 EB 9 %C 9 ECF 9 FE9 B899E1F9E9BEB9B9E9CBCE

5BDCFBEB 9 )F 9 9 9 E9 ,CCB 9 @E 9-1C9 4CCB8 9 HFCEB 9 9 E 9 5F8 9 E9 0E 9 !CB 9 4E%F88 9 6FEEBEE8 9 E8 9 DE 9 E 9 ECBE 9 FEEB8 9 FEFCBCB) 9 E9 BFEF99EEFBC9E:CEB9CB9)EBEF89B9!E9CB9FCF9>FEBC9B9EFF9 E99BFE91CB9EF9FEEB89FCBE9C9B9 FCBE9E9 FEFB9E9CB9E9C&BE9 CE9EEBEC?9-E9BE)CDE9C999EB9B9 BEF9C9B%98EB9EFC9-E9F%9EBCB99E9)F%CB)9BCB99EF89 CE 9 EEBE 9 B 9 EF 9 1C 9 EEFBC 9 %E 9 B 9 CB 9 %E 9 F)E 9 FE 9 -E9 EBF)E9BCE99E1FE9E9"$33E41+9F8E

89B9E9EBF)E9)DEFBEB99 F9CEBCC9F;E

9B99")FEEB+9FE)CB92B9HFBE89EE9FE)CB9E9CB9

%9EDE9-E9CF89%C9C9F99E927.,9>2EFCCB979E9E99EFCB9.<F 9 , BE?9CFECDE89C9CE992-9FECB929C89CBE96/9M966G89C99CC9E9 FEEBE99<F9 BE9CB9EEFC9B9EEFBC9E:CEB9-E9EB9E9 9E9FE)CB9C99CBE9/A9!)966589 CBEE9B9FCDE9EF9FE9F CEB9 F 9 BBCB) 9 7555 9 >7E 9 5EFC 9 B 9 5EFBC 9 5:CEB? 9 9 BCC 9 9 7CCB9C9BE189E9%9CE9FC9FE9B9%99EE9B9E:CEB999 E9 EFE 9 HF 9 E 9 F 9 F8EE 9 EF 9 C 9 E8 9 CEF 9 FE 9 C)E 9 9 FE 9 9 FECB) 9 EFDCE 9 2B 9 CCB8 9 EFE 9 9 E 9 CBCCB 9 BCCB 9 FE)FCB) 9 EE9 EEEB9>B9 C)CB9F9BCE9B9E989E1B)E89CE9 9E9HFEB9%9B9 4E%95BC92E)CB?

4BCB99C9CBCC9BC'9EFE9FE9B9998E9C9C E99%9924-9 99F9CB9FECB)99%F99C9FE9FEE99E9EBDCFBEB92B9FEC89E9E9 CE9%C9"<EF9EF+89"<EF9FDE+89"<EF9%E+89E9FBE999 E9BBE

5 4995939 45#)49'9'5 5495"9551232425

!) 9 24- 9 DE 9 B 9 BFC E 9 9 FECB) 9 9 %F 9 9 C 9 FE 9 FEE 9 9 E9 EBDCFBEB8 9 %E 9 C) 9 9 E 9 E 9 E 9 9 CB8 9 9 E 9 DE 9 9 9 CCDE 9 C 9 B9 8B%E)E8 9 B 9 9 B 9 8B%E)E 9 9 E 9 EBDCFBEB 9 4B9 24-9 E 9 FEC 9 B 9 B)E9 EBDCFBEB9FC894-9B%EF9C9:ECB89%E99899FEE9CEFEB9CE'9E9FE99 CBFCB9EB)CE99FEEFDE9E9EBDCFBEB89E9FE99EB)C9CBBDCB99 CFDE9EBEF)9ECCEB89B9E9FE99BCCB9EB)CE99 CC<E9CC<EB 52$ 4F5DFB5D75F5DEFC56565EF675D,5CFFCAB745F5F7ABCD7EF7

2B9ECCB38CB)9FEFE89EFCE9CCB99B9998E9FE9CB9FEDEBCB)9 E9EFC9BE:EBE99FC9B9EFFF9B98E9EFBCB)99E9"35E6E44B67D5A6E+9

25C566F$A0A"B29A2692"5A65B26727'56D6D782."7'2"D865"2D802A"6"DBE52"775B2A629AC.2"D52A8B2'AB52D692"5CA(C52 78'A(C5&2$29A2D826"82CA895B2A2"5CD8E2"7E"A''52.7"2D62A"6"DBE52A8B269D29A2786"D(65B2672D'"7,D8E2D62"7.D62 'A"ED8 2#8B6"DACD629A,52AC"5AB28B5"677B26952123345678943885'A"0562966& E"558(D1 7'2A8B2E"5582'A"056D8E2D2 6A"6D8E2672A5A"D

2966& B5."A E7, 058,D"78'586(D85"55A"9D8B5> 96' 2 22222222

2 2966& D6F58,D"78'586 7"ED8B5> 96'C 2 2

E9C E9HF9E1E89CBE966G89E9EFF9-52!3/69>5686669 CCB9EFCB9 EF9EB?89E9FC)FC9CBE9!CFC19B9E91E);E9EF998E9C9C E99 CE9BEF9E9BEF9 FF9BCCB89%C9E9C99BCBCB)9HFBE$9BEF9 FEFEB9F)FE9>ECE9E94FEEBCDE94EF3-E30B9-FE8944-0-9B9E9 4B3&FCEFCB9-FE894&-?909C9C9CB9%EF99CCDE9E9>F99E9B9 C)9E?99E9CBFCB9EB)CE9E99FEC9B9B)E9EBDCFBEB9 FC899-E9FEF9FE9 9E9244&9EBFE9DEF9EF99EB)C9CBBDCB9 BB8 9 B 9 C 9 %B8 9 FDCE 9 9 CB 9 B 9 E 9 FC<B 9 9 /66 9 >'33%%%C3?9 4EDEFEE89 EDEF 9 E9 9CCB9 9 9DE9 9EFCB 9CCDE9E9 CB9EF99 B)CB)9E9EBDCFBEB9B9BF9FEFE'

39EFCB9 FEEF9FDCE9EF9%C9E9C CC99EFCB)9ECF9%B9BFC CB99E9 )FEEBE 9 EE8 9 E 9 E 9 9 9 B 9 FEFE8 9 %EF 9 CB8 9 E 9 -E 9 %FE9

&$!C E89EDEE99E94A5#89C9 E9F9E1E9B9E9EBDCFBEB9CBCF9F9 242!9B9C9E99FE9E9FCE99FEF9%C9ECF9E99BCF9F9 '33%%%AED:F3L

3 9 ",EBFC 9 )EBEFF+ 9 8E 9 C 9 C E8 9 B 9 E 9 C 9 9 CBEF 9 F 9 BC 9 F)FCB)9 E899E1FE99EFCB9B EF99EFBCDE9CB9>EB)C89FE)F89CC8C?9 B99DCCE9E9EE99EE9CB9F)9FDE89)F9F99-E9%F899E9 244& 9 B 9 F B3CE 9 CBEFCB 9 C 9 9 %E 9 ECCE 9 E1E 9 9 EBFC 9 )EBEFCB9 '33%%%C3L

39"1C3)EB9E+98E9E99FECF9CBEFCB9CB9E9 EDCF998E9EF9 B 9 BF 9 FEFE 9!B 9 )EB 9 C 9 9 EF 9 F)FE 9 9 EFECDE 9 B 9 9 CB 9 B9 B9BBEF89CB9FECB99C9"E1EFCEBE+92B9C3)EB9E89E9)EB9FE9 B 9 FEFE 9 B 9 BCE 9 %C 9 E 9 EF 9! 9 E 9 422!#8 9 F9 E1E8 9 4F9 CE 9 E 9 EE 9 9 9 CCCB 9 9 E 9 EBDCFBEB8 9 9 ECCB38CB) 9 FE8 9 E9 EDCF99E9)EB89E9B9E9C9C9B9EBDCFBEB9E9%C99EFBCB)9 FE9F9EF9BFBE9%C9CB)9F9FE)CB)9BF9FEFE9'33FCFF3L 39"@CF9FEC+9E99EF9CB9E9E99EBE9CB)99FEFE9>F9EDEB9CB9E9 E99E9FEFE9CE?9B9)CE9E9CB9ECF9E1FCB'9F9E1E89E95FEB9

!F9F;E9B9 CCDEFC9>'338EFFAED:F3?89F9E95FEB9F;E9@CFC9B9 EFBCB)9 9EE9B99BF9FEFE9>'33%%%DCFC3E3?L

39"6E)FC92BFCB9,E+9>62,?98E9C9C E99FEFEEB9B9FE99B9 E39FEEFEBE9CB99)CDEB9)E)FC9FE962,98E9C9C E999B9BF9 E 9 EBDCFBEB8 9 BCCE 9 EDCB 9 >C)8 9 )E)8 9 %B 9 BBCB)8 9 EEB89 FBF89ECEC)89EEFCCCB8C?9B89CE89FCE9E9F9CB9E99F E9 -EB)C9F)FE9CB9E9CE99EBF9%C9 E9E9CBFECB)99BF9CF9B9%EF 9 :C899%E99CE9B)E89E9<BE9EF89E9FCBE9EBDCFBEB9B99B8999 E 9 EE 9 2B 9 E 9 6 9 9 6 Q 9 CB 9 -BCC8 9 ,&7- 9 B 9 N!4#,!- 9 C)E 9 DE8 9 F9 E1E89FEDEE9E9CEFBE99B9DEF9CB9BE99E9BF$9FCE9CEC9 CCE14

HCB89%E9FE9B%9EBEFCB)9E9EF99E92BEFBE99 ;E9!9 F9E9FE9 ECB)9FEE9 9CBEC)EB9FCFE:EB9 E899)9B9EFBCE9%C9F)FECDE9 E9BBEE9 9E92BEFBE9DC9E974,89E9&!3CA4'576E4#36C389%C9C99BE%9EB)9EFCDE9F9

#4, 9 >#CB 9 4E 9 ,E? 9 CB 9 B 9 %C 9 9 B)E 9 B 9 E 9 FEE 9 9

CBCDC9EF96E)FC9F8CB)9>9C89CCB)99F899CEF9F99EFB?9

B 9 CFC 9 FCB) 9 >FEBCCB) 9 9 CF8 9 B 9 FC)CB8 9 B 9 CDC8 9 9 BFC? 9 %C 9 EB 9 E9

EBDC)E E9EFBEB9B9E92BEFBE9-C9FE CC9%C98E9C9C E99BF9E9

E 9 9 EC 9 F8 9 E 9 CBCB) 9 9 BEF 9 %EF 9 CB8 9 9 E89

FEC 9 E 9 B 9 FE 9 - 9 F 9 B 9 B)E 9 E3%E8 9 C 9 %C 9 E 9 C E 9 9 8B%9

CECE89 9FECB)9E9EEFBC9 E89E19%EFE99FE9EE9F9F9FEE9

E

52* 4F5DFB5D75F7DD4B65B77DA6BD75D5BECDAF5F7FC45F,,BBF7

7C 9 %E 9 E 9 DE 9 9 24-9 9-E 9 ",F 9 66+9 8 9 EB 9 CE8 9 F)E 9 9 24-9 E8 9 9 FE89 9E9FE99E9 E9%9F99EF9EF99FEE9ECF9479ECCB9-E9 754#9F)E99CBBDCB9B9EB)9>24-892BEFBE9?999FC9FE9CB99=BE%=9 )F%9>754#9666?97B9C97E 9CE9E9FEB9FECBB9F)BCCB9,BE99B9 CE9C9"%CE9EF+9 9B%9C9=)FEEB9EF=

-E9CF9C E9EC9C9E9CC<CB99E9E1CCB)9-E9FEEEB99FCCB9 EB)CE 9 9 24- 9 % 9 FECB 9 CB 9 E 9 B 9 9 C 9 FEFE 9 BE9

>HE1 9 E 9 8 9 66/? 9 9 FECB) 9 EEFBC 9 BEB 9 %C 9 EBC 9 BEB89 F9 EE9C)EF89EF9B9E9CB)9>C89)F9C)C9FEEB9C)9 8 9 CEF 9 BF 9 CFFEF 9 ? 9 -E 9 8 9 9 47 9 ECCB 9 E 9 9 B 9 C9 FC E 9 9 EEFCC 9 )EBEFCB 9 B 9 FBF' 9 24- 9 9 E 9 EBC 9 9 CBFEE 9 E9 ECCEB99E9FBCCB9CBFFFE9B9EEFCC9CFC CB9CB9 CCB)89FCE9B9 CFC CB 9 BE%F8 9 9 ) 9 7C 9 E 9 EB) 9 9 EB 9 F 9 FCB) 9 478 9 FCCC9 BEC89E9CBFCB99)FCF9B9ECE9FECB99F)9B99924-9 C9CBFECB)9CE9CB9CFDCB)9EBEF)9ECCEB9FCCB

-E9EB9EC9C9E9C E9B)E9CB9E97C9ECCEB9E99F)BC<CB89 24-999FE999CB9";9CB9CE+89"M9F9+9B9";9EB)+9>BCBE9 B889FEE9 F)E89FEB99EEBE9F9E1CE9FECB89CBEF9FBF89CCB9EFCB9 F9?

2B9E92&449FEF89244&9EF9EBFE99EB)C9CBBDCB9B9B9 E9BE899 FEBE99E9/669>'33%%%C3?9-E9K9E:CB999EBF9FE9CB9E9%F89 9E92&44899C9%9E9F E9%E9'

-E99ECCB99479B9 E9E1FEE99E9F99F9F'9E9CBEBC9 9 4789E9ECCB9EF9BC99EBEF)89E9EBEF)9CBEBC9EF9BC9964&89E964&9EF9C89 B9E9CB9&9'

-947999R9999473-759999S999-7593964&999S99964&939&9999S999999&

KB%CB) 9 9 %E 9 B 9 B 9 CEF 9 E 9 CF 9 9 FEDE 9 E 9 )E 9 FE 9 ECE8 9 C 9 %C 9 DE9 FCB994789;999EBFCCB)9E9EFE9%C9F B9C1CE89 9 EFE96569 9DC99%FCB)9E1EE9A9T94BCEFCB)99C9C9CC99CDCE9E9D6BD75)9 99>9 CB)9EEF99BEF9%F99CDE9ECEC999F9FE9C8E9D9 CCB9CB9656?89%E9EE9 E9BFCB9B9E9EF9"FEE+9DFC E899EFEFE99 E9CDCE9 9A'9) 9EBEF)9 BCB89EBEF)9FCB9EBC:E9B96#&

#CDCE 9 E 9 9 EF 9 C 9 >6 ) 5 7 5 )? 9 9 A9 9 .F 9 9 ECEDE8 9 %CE 9 EBC 9 FE9 FECB) 9 %EB 9 )F% 9 FE 9 6B8 9 B 9 9 4CB 9 B 9 2BC 9 E:C 9 EEDE 9 CB9 CE95DEB9%C9)F%9=EECDE=9CCE99B9BB96#&9EF9C89E9FE99E9 EF9%9F9B9E9FC)9CE99E9E:CB9>%C9FFEB99E9479BEB99E9 EB?99B%9 E9CDCE9 9D

-E924-9B9CDCE9 9D9E9479BEB99E9EB99-E9EF949756 )9>-BBE997C9 5:CDEB9396F94CB9&F9?9FEFEEB9EDEFCB)9924-9B999FDCE9EB9 F89E9FE9ECCEB99C9EBEF)9ECCEB9>)99F)FE9CB9/59EF9B9E9 F9F9DE9 EEB9EE9BCCE9 9E999EE9 )9F9FE9F E89 CF9BCCBE9B9FE9%EF*?97EB9E9EF93*7499C9FEFEEB9EDEFCB)9924-9 B999FEE9E9=F B9CBEBC=99EBEF)89 9C9%9EB9E9F5B99F B9 965689 CBFECB)9 9F99F9FEBE% E9>%89F89%CB89F?9F9F9BEF9>F9G99/69 CE9E9FFEB9EE99(569FEF*?

7E9BEFB99EB)C9CBBDCB9B9B9 E9BE89E9B%EF9-E9FEF9=24-9B9 ,CB E 9 #EDEEB=

9 8B%E)E 9 C8 9 DEF8 9 24- 9 DE 9 9 CCDE 9 BFC CB 9 9

E

26"5DC226"56652? 27C@"FA"A"B262%5E8D562B2CDE87CC52? 2<=

FECB) 9 ECCB 9 9 )FEEBE 9 )E 9 >47 9 E:CDEB?8 9 C 9 C 9 E1FEE 9 CC 9 9 FE9:BC9C9BFC CB924-99E99DE9/99(9CE9ECF9%B9ECCB89 B9FBF9EF9B9FEE9E9 CCB)9=F =9ECF9ECCB9F)924-

-E9F9C9EF'924-9%C9B9DE9E9%F9BE89E99 E9BCE9 9FB9 B)E9CB9CEE9B9C9%C99B99F9-E9EFEE9CB964&9%C9 E9DEF9CC99 DC89B9 9CE)9 9 EE9E9%F9C9CBCE95DEB9C9%E9FE;E89%E9B9DC9C9929

% 9 EB 9 F 9 F)E 9 E 9 F)EB 9 9 64&9 F 9 E 9 ' 9- 9 %E 9 EF 9 9 B 9 9 .B9#EDEEB92BE189.#29E9 9E9A49CBE9/DD689E964.9F96F94CB9 .CBE9CBE189FE9 9E9E1C90B9CBE9/DF9

525254F5DFB5D75F5CDF5D,5F517FC7F5D5ED+BB.F5BB.F72

0EB 9 BBCB) 9 B 9 CB8 9 EB 9 E 9 C E 9 CBBDCB 9 9 CBFEE 9 EBEF)9 ECCEB89E9)EBEFC<E9BBECB9DEF9E92BEFBE9C9E9CF9E9924-9%C9B9 DE99CCDE9FE9CB9 CC<CB)9CC<EB9B9E9%9EE99E94679-E924-9FE9 B9B9BCCB9CBFFFE9BDECB)9BEB89 999E9%EFE9FECBC9 FE9CBDDE9F

-E92BEFBE999 EE99DC)CBE9BE%F899C9EC E999CC<EB899FE99 CBFCB9F9E9EC899FDECBE9BE%F89F9CE99FC8899BE%F89F9EBBCB)9 CBCCB99C9CB9ECF9EBDCFBEB9FEBC CCCE8999F9CCB)9FCBCB)99CC<EB89 CBEE89CBCFCB89E97C9E9EB9)EBEFCB9>7E 96?92BEFBE9C9B9B)EF9

; 9 CE 9 CB 9 9 CBFCB8 9 9 9 F 9 F 9 E1B)E 9 E%EEB 9 EF 9 F)9 FCDE 9 EFDCE' 9 )8 9 %C8C8 9 BE%F8 9 C)C 9 C 9 9 2B 9 E 9 EBE 9 9 9 )EBCBE9 EFBCDE9E9B9E9F)CB99%F9CC99FEFEEBCDE9EF899DEEB99 C 9 E1EFCEBCB 9 C 9 8CB) 9 E 9 2 9 C 9 B 9 9 =BCCE 9 9 FCE= 9 E 9 B9 B9CBEFE89 9E92BEFBE9 CC<EB9CDC89%9B9=E9ECDE=9E9CCDE9 FCBCE8 9 )CB) 9 EB 9 E 9 BF 9 B 9 9 FBEFCB) 9 CB 9 9 E1C E 9 BBEF 9 B 9 B9 F;E89B9 9:ECBCB)9E9%9BDCCB9B%9E99B9CE'9E9 ECE99BCB)9 B9%9CB99FCE9B99F8E9> C9)99EB9B9CE9?9B9E9 ECE9 9 EDEFCB) 9 9 C 9 EBC 9 C E 9 9 E 9 CB 9 B 9 E 9 EDEE 9 >EBCEBE9 BE9F961799BBEB)9?

7B9E96FEEBEE9%E CE89F9E1E89EFE9FE9ECCB9B9B9BFC CB'9",9E9 CE)9%9FE9CB9HFBE+89"7F8CB)9F9)FEEBEF9CB)+89"N9%B9F9EB)E9F9 CBF+89E9HF9C9EF) C9467899%E99F9E946799%F899FEEFDE9E 9 EBDCFBEB89E92BEFBE99 EE999E99 CCE9EE89F9"F1CC9)E%9 F 9 CC<EB+ 9 9 ;F 9 %F 9 EBFCB 9 9 9 &F 9!E)FE 9 -E 9!F 9 BDEBCB89 C)BE9CB9/DDE9 9AD9,E89E9B9E99CBFCB89E9FCCCB99E9 C9CB9 ECCB38CB)9FEE9B9E99;CE9CB9EF99E9EBDCFBEB9-E9CFECDE9 CE999ECDCCE9>CBCB)9E9DEFEC)B9,E9CBDDE?99)CDE9E99B9 CBFCB 9 E 9 DE 9 9 E 9 EBDCFBEB 9 9 BBE 9 % 9 9 FE:E 9 C 9 ' 9 EB 9 E9 ECDE9%FEBE990EB924-9F9FE)C9CB9999

4BCB 9 9 C 9 EB 9 BC' 9 24- 9 %C 9 B 9 E 9 9 EEDE 9 9 FEBE 9 9 EBDCFBEB 9 EB)E 9 0 9 EF 9 CCB 9 B 9 FE 9 %FEBE 9 9 E9 EBDCFBEB89EB)C9CBBDCB9B9CFDE9EBEF)9ECCEB89B9E92BEFBE99

%9 CC<CB99E9CEFEB9F

2 9') '1"95%45 456%1"4#85

2B9"-E92EFCDE992EBC CC+9>/DE5?89.9MB9FE9E9%CB)'9"!9CB999

%99E9EE99F9CB9FE9C E9%C9E9EFBEBE999)EBCBE9B 9

CE9B9EF+9!FCB)99MB89E9BE%9%EF9)CDEB99B9 9EBCEBE9C9B9CE99

%C99BE%9F99FEBC CC99FEB929C99C9BE%9F99FEBC CC89 9 CBCDC9B9ECDE8999EB99EFE898CB)9C9F CEB99BEF8E9B9CB9 999CB9B)EF9ECEF9E9E1CEBE99FE9)EBEFCB89F9E9:C99FE9 E1CEBE9B9EF9

,CBE9/DE59E9FCBCE99FEBC CC99 EEB9E1EBCDE9 9CB9EC9>B96)E9 ,F 9 EF 9 4,2 9 FEEF 9 9 E 9 6A666 9 CCB? 9 9 E 9 EDE 9 9 CC 9 E E 9 %C9 CCB9 9E9EF3EF9FCBCE9>E9%9C99?89E9FECB9FCBCE9

>FECCB) 9 EBC 9 FC8?8 9 E 9 FEDEBCB 9 FCBCE 9 >FEDEBCB) 9 FDEB 9 FC8? 9 B 9 E9 BE)CCB9FCBCE9>9E9BEFBE899ECCB38EF8998E9EF?

09"FEBC E9C9B9)C+997E9FEE EF99B%99FE99%E9F9E91CBCEF9 9 .E 9 FCB) 9 E 9 B 9 9 BCBE 9 9 B 9 CB 9 HFBE 9 9 F 9 E 9 &FCE9 1CBCEF 9 EF 9 E 9 )EBCE 9 CB 9 E 9 2BEFBCB 9 4FCCB 9 -FC B 9 F 9 2%B 9!B 9 %E 9 B9 BCEF99E9CBCCBC<CB99=C9FEBC CC=9>C)C)E9 9E1E99CB9 E9F92,69G6669F9CB9E94EB)EB9BEFEBE9CB966D9?9)CDE9FCE999FE9=)E99 FEBC CC=9C8E9CB9E9C9791C9)E9%EFE9E9C9C9B99EB99%C9E9=7 9 1C+9F9CB9F9B

2EBC CC99CE99CB9FEE9FE99CE9'9 E%EEB9E9)DEFBEB9B9EE9C9 C9E9CE99EF89 E%EEB9BCE9B9)DEFBEB9EE9C9C9E9CE99 FE)CB89B)9EBEFFCE9B9CBCDC9C9C9E9CE99;CCCB9>C)FE9/?

B4CF5$555FD7B+BB5B75CFF56CF65D,5BF

- 9 BEFB 9 E 9 2BCDC 9 ,C 9 2EBC CC 9 >2,2? 9 %E 9 BEE 9 9 FEE EF 9 9 EB)CE9FE9B9"CBFCBC+9ECEF9E)C9F9BB9E)C9!B9 ;E9BB9 E9)CDEB9 9CCDE9F9BE)CDE9DE89C99EEB9B9%9E9C9E99C9-E9899EB)C 9 EEFCBC9B9CB9FCF9 E9E1CBE9 9E9FE B89F9 EFB)89EE89%C9%9 9 E 9 CFDE 9 EFFBE 9 CBE 9 F) 9 EB)C 9 F)FE 9 EB 9 E 9 9 B9 CBFEE 9 CB 9 BEFC8 9 B 9 FFE 9 9 EFEE8 9 BC8E 9 % 9 C 9 )EBEF 9 FECE 9 -89 EB) 9 9 8E 9 C 9 C E 9 9 FEE 9 9 DECE$ 9 BCB 9 9 EBEF) 9 C 9 EB9 BCE89CB99EB9E89 9B9CBFEE9CB9BCB99E9BEF$9"FCBC+9 E9C99FCDE9FE9-E9FE B9EE9E1C9B9 EE99E9 EDCF99EF8 9

%9EEFCBE9ECF9BCB9CB9FECB99E9C CCCE9FDCE9B9B9CB9FECB99 ECF9FE9BEE89CB99CE99EBF)E9C9%99CB)9HF9C9FEB89C9EF9 EFCF99EF9B9F9EBC9EFFBE999EB99DCB)9E)C9F E

2 2345652789A9BC8537B9C854DEF7E989A2

345657F7CAD537B9C854DEF7E989A2

3456599C8537B9C854DEF7E989A2

CA59575D7BCA2

CA59575EA99BCA972

CA59575D 8CA972

29%E98E9E9E1E99E9B)EEB99EF9%E89FE9ECCEB9B)EEB99 C9 %E9 FB9 E9 FC899 FCB)99FE B9EE' 9 CBFECB)9BCB9 %C9 9 EF9 BCEBE979CC9BE$9BCB99E9EF9%C9 E9FEE9BE9C99 EEB9 F%B9 %9 7 9B9 E9 BE99FEE 9C 9E)C9 FCB99 , 9%E 9E9 E9

"CB E 9 EDEEB+ 9 FE 9 9 EFCB) 9 F 9 ECCEB 9 9 ,F 9 B 9 - 9 >66A?9 EFC E9F9%E9B)EEB997F99%E9FEF9E9"9EFEE+89 9B)CB)9F9 BCB9F9CBEE9F9%99CE899FE9F9E1E9 9195)B

9CB9C9EEBE99 FEDCB)9>F)9FEFCCB)9B9E9EB9B9F8E?899%FB)3CB)9E9F)EB9 F9FECB)924-99HF95)B89FECB)9E89E9B99FCB89FE:CFE9BCEF E9 B99DCFE89E9B9CFDE9F9B9EBF)E9<9F)E

-E9BE99E94FFE9,C92EBC CC9>4,2?9C9FB)9CB8E99E9BE99 CB E 9 EDEEB 9 -8 9 CBEE 9 FE 9 9 8E 9 9 ;C 9 ECF 9 9 B 9 ECF9 EDCF8 9 B 9 9 FEE 9 B 9 E 9 C8 9 EBC9 B 9 EBDCFBEB 9 BE:EBE 9 9 ECF9 CB 9 0 9 "FEBC E+ 9 E 9 B 9 EB 9 ")C 9 F+ 9 !9 FEF 9 CE 9 9 E 9 46789 26BA65E 4(68 9 >'33%%%FCCB3CF)83CBE36(6/F3CBE1?89 B 9 %C9 C 9 C)9 FCC99BCCB9FCE9FE)FCB)9E94,289))E99EFE9C99FC899E9 4,2 9 %C 9 EB 9 9 ECB) 9 BCB) 9 FE 9 B 9 9 " FB+ 9 9 E 9 4BCCB 9 B 9 & C9 2ECB9EFEB9!FCB)99K9-EEF89E9E1ECDE9CFEF99E9ABCE94CB9 5BDCFBEB9&F)FE9>A45&?89E9CCB9C99C9C9 EE99E9FCFC9)CDEB99E9 F8E9 9E9%F$9CFEF9.E899%E99E9/8/669CEBC9%9 CE99A49FEF9

>66A?89989F9F8E998E9EB9E99B9B9BFE9

2B9FEF99BE9E9&CC9,C92EBC CC9>&,2?99E9EDE99E9%9)DEFB9

>)DEFBEB89CBEF)DEFBEB9F)BCCB89FE)CB9B99ECDCCE?89C9C9BEEF9 9 8 9 :ECB 9 CB 9 9 FCC 9 BBEF 9 9 FEE 9 BCB 9 9 FE 9 CBE 9 9 E 9 %9 )DEFB8 9B9%C9FE9BCEFE99 E9EDCEB9' 9E92BFCB9,CE89 ,CB E9

#EDEEB9B9CE9#EDEEB9CE9

-E92BFCB9,CE9BE99 EEB9CB9FEFCB9CBE9E9EB99E9EB9%F9%F9 F)9BEB9 8)FB9%F89 9E9CCF89CEBC89CBFCC9B9CBEE9 -89C998EB9B99EFCB9EDCEBE9CB9CBEFBCB9F)BCCB89%C9B9FE9E E9 7EB9!--9%9CBE9CB9/DE(9 9E92E)B9CBCFCB89C9%9E9FCB)9)B9F 9 FBFBCEF9BE%F89B9E9EFE)CB99 C9EFDCE92B9/DDE89E97-79)FEEEB9

%9E9BEFCB9F9E9EBCB)999E9EEBCCB9F8E92B9/DD(89E9F;E9 F9) 9CBFCB9C)%9%9BE9 9E94CBB9CBCFCB89B9CB96669E96E9 C9CB978CB%9CB9BE99FEF9F99") 9CBFCB9CE+9>EDEB9C9BE9CF 9 9BC9C9E9B9DE9E99EEFCCC?929%99":CE9BF+99E9A4 9 EBFE 9 E 9 CCB) 9 9 E 9 7,2, 9 >7F 9 ,C 9 B 9 E 9 2BFCB 9 ,CE? 9 E 9 CF 9 CB9 6EBED9CB966A9B9EB9CB9-BC9CB966599A2-89E9A49)EB9FEFEEBCB)9E9EBC9 DCCB 9 F 9 EEBCCB 9 >%C 9 E 9 %CB) 9 8E 9 %F' 9 CBFCB 9 C)%8 9 BE%9 EB89) CCB89E9)C89EFBCCB89EFE)CB8C?89B9B99A45,4789 BEF9A49)EB9EEB 9CB9 "CBFCB9B9BCCB+9> 9FE9CC89FE9 EBCCDE99E9FEE99B9FC)89F9B9EFCB9CEFCDE89E9E9B9 E9CBEFE99FCDE9EFF9B9FEE9E1EFCE99F8E9FEC9B9%C99FEEF9E9 BE998B%E)E9CEBF9999CBFCB9CE?

29C99EEBC999FCE9:ECB9 9E9BE99,CB E9#EDEEB9B9

%9C99 EEB9E9 9EDEF9CBCCB9!9EDEEB99%E98B%9C99E9FEEB9CE9 B 9 CB 9 C) 9 9 % 9 C 9 C 9 FCE 9 C8 9 CB 9 EEBE8 9 B 9 CB E8 9 CB) 9 E 9 %F9

"CB E+99C9 EE9B9CFE99CFFCE99F)E9B EF99E)C89CDC89 CBEE9B9EDEB9FEF9EBCF9CC9F9CBEFBCB9CBCCB999E97F9 0B89F9EDEB9E921H929E9EF9CB E89%EB9E999EF999EDEEB89 B9EFE99EB99B98CB)9:ECB9 9E9F)EB99E9EF99-C9BE%9BE9 EF99 E9EDEB3EB899E9E1EB99C98E9C9C E9998CB)9:ECB9B9

1

966& C5'78B5D8.7"'A6D+5 ."B7D5"D'"D'5"F7"+7DFCFD6F,D58B"AFAFCF57C7ED5F)1FAE5F) 96'C

99E CB)9FECE9%9BEE99 E9E E'9EDEEB9CE9!FCB)99NE9

>/DED?89%EB9%E9899CB E9EDEEB9"34534356E46A245435478EBA8B6A 4 3C5DB34894A2345EA6E874894A2343)F3BB68E+

#E92CDEF9>66A?9E1CB9%9EDEEB899FEE9 9EC9%EF9B9CEBC9%EF89 DC9E97E$9ECFE9F9CE)C9CBCB899F)FECDE9CE9CE99E9CE9 ;ECDE9F99E9%F$9EE9"-E9!EFCB9%99CE9C9B9BE)C E+9-C9%9E9 9EFCB9E9 9E9!EFCB9FECEB96EF)E909,F9CB9FEEFEBE99E9K9 F 9! 9 E 9 E 9 CE8 9 E 9 ABCE 9 ,E 9 %EFE 9 CC 9 DCB) 9 E 9 F 9 "BEF3 EDEE+9BFCE99E9!EFCB9%99CE9B9E9 C99E9BEF9CE9IE89C 9 E9%F9CB999%E9%EFE999E9!EFCB9%99CE89%E9%9B9BEE9BE9 9EDEB9BE99C9F9BEF9BEE9>HC)FE9?92B9F899,EF)E9NE9>/DED?9 8 9 EDEEB 9 C 9 E 9 %EEFBCCB 9 9 E 9 %F 9 2BE 9 >66A? 9 9 E 9 9

%FEE9DEF9E9DEF9CB9E9BFCE99E9,9

B4CF5*525FD7B+BB55F5385(6B8/56C85B75DC5678 2

29C99%F89B9EE9BE99CBFCB9CE89CB E9EDEEB9B9EDEB9 EDEEB 9 CE 9 9 9 EB 9 9 BE% 9 DEBE 9 9 FEEF 9 B 9 E 9 FCBCE 9 9 E 9 FEBC CC 9 9 E 9 % 9 )DEFB 9 B 9 9 E 9 ";))EFB 9 9 EFBC+8 9 9 FF% 9 E9 E1FECB 9 E 9 9! 9 6CEB 9 >/DD/? 9 -E 9 FCBCE 9 9 FEBC CC 9 B 9 9 9 E 9 %9 E)CCCB99BCB3E99;CCE9EC9DCB)99C9E1EFCEB89BCB9 BE)CCB 9 9 EE 9 E1EFCEBE 9 B 9 FEDEFC CC 9 CB 9 9 E 9 ECCB 9 E 9-9 BE8 9 C9 EF9999CBCDC9FEBC CC9C9E99BEB9E92CCB)9%FEBE9 9 E 9 EDE 9 9 BCB3E 9 F 9 CBE 9 % 9 DE 9 B 9 C 9 C 9 EFE 9 %EFE 9 B 9 CF 9 B 9 FE9FCE9%FEBE99E9CBCDC9EDE9!B9B)E9%9 E9EBCB)E9C9EFE9

%EFE9B9FE9CBCDC9%FEBE92BE99B)E89%E9%9EFE9 E9CB)9DEF9E9 F8

2 2345652789A9BC8537B9C854DEF7E989A5

A35B235BCCD74EB6F35D25E3527F385B453432BF5 94E3238E567E54DE579FE5D5D72563B9D25

345657F7CAD537B9C854DEF7E989A5 A35B235BCCD74EB6F35D25D725CD9E34E8567E5 4DE579FE5D5D725CB9EBF98E588E35

3456599C8537B9C854DEF7E989A5 5B5238D4896F35D25563B9D2567E54DE5 79FE5D5D725CD4873258DC93E5

35B329CB45B5D5F9359854DE5 43DC9B6F35

DED5 D34B34!55

"725F39E9BC5CD352D5B7ED#

237FBE9D45B45C32E99CBE9D455

"725F39E9BC5CD352D5E35 83B2C5D53E9CBF52BCE9C385F2

3235B2354D5 94D2BE9D45 B454D58B4CE9D45

$D7543F3CE5E35

C99F58DC93E5

9 3 3"%'1

-E9CF9%9F99C9BCCB9DE9%B9E9FEF9BE)CDE9FE9924-9DE9B9 E9EBDCFBEB9B9E9FEF9CCDE9FE9E9DE9B98B%E)E99E9EBDCFBEB97E9 9FE89CB9E9CF9F89FEE9%F89FE9F9DEFCB)9CB9)FEEF9E9E9BE99 FEBC CC'99E9EDE99CBCDC89 CBEE9B9E9%9)DEFB

7E9B99C)CBE9FEEF9:ECB99E9EDE99CBCDC9 EDCF89FEE EFCB)9E9

%9E99B)E9CEBCCE9 97<%C893A459>/DF5?9-EE9FEEFEF9F9E99

&9!99CEFEBCE9"E+9B)E89FEEFFE999E9/9B)E89F9"FE+9B)E89 FEEFFE999E99B)E979FE9E9/9B)E9CBEECDE990EE9ECF9C9C9B9 CEBC 9 FEEFDCB 9 9 E 9 FFE 9 9 E 9 BCB 9 E 9 .EFE 9 FE 9 E1E 9 9 FEEF9:ECB9B9E9FEBC CCCE9924-9EF999 E9CCE9CB9E9E)F9 9E9/9B)E579:BCCE99EBEF)9FE9E9 924-99.%9B9%E9FEE9E9EBEF)9 E9 924-99.%9B9%E9E9 F9E9F9FE9ECCEB9B)EEB99%E994B9%E9E9 FEE9EF9%EB9%E9FCB997EF9FEEF9:ECB9B9 E9CCE99 ECB)9E989E9 C99%C9C99CBE9BEE9F9E9)C99E9E99C9BCB'9.%9B 9

%E 9 EBF)E 9 9 B)E 9 CB 9 EF$9 CE9 9- 9 % 9 EBC 9 E 9 B9 E9 EBDCFBEB9 99#E9E9EDEEB9924-9FEFEEB99BE%9F99%F9BCCB99,9%E9 899FEBC E9)E9F9FFCCB9979FE99E9FEBC CC9B9CBCDC98E9

%CCB9CCB9B94679

F,FCF7F5

0B9K9E91))C929>/DF(?89U9@CEBEFEBCB)9B9C9CCCB9F9FBF9'9!B9!B)3,%C9EFECDE9V89 -FBF92EDCE%89D/589BT/895D3F5

4549>4CCB99E95FEB94BCCE?9>666?89&F9F99CFECDE99E95FEB9&FCEB9B99 E94BC9B9%E9EEFC9B9EEFBC9E:CEB890FE894719>666?9A(F9CB8966636/5E>47#?89 0FE

4B)E9>66?89%%%B)EFECB)EBFE

4EB949>66/?89U9-E9EBDCFBEB9C99E3EFE9V89,CB CC9CB9E92BFCB9,CE89/5

2BEFBCB9,C9B92BFC9F95BDCFBEB9&FECB89ECE9 9N19.C9B9&796C)EB89 1F F)891EFC9@EF)

#9N.9>/DFA?89U9!B9EEB99FDE3BCCB9 C CC9V89HFE89D589BTG8955D35F

#E92CDEF979>66A?89NE9E99WDEEEB89595B;E19&BQE89&FC

#E,BC969E9&E91,9>/DD(?9U94FCB)9E9E1C9CB9DBE9EB)9E'9!CDE9FFCB9 EF9V897F)BC<CB9,CEBE895>?89//3/(F

5F8B9,9>/DDE?89@EF9BE9W)CE9CBFCEE895CCB94FE9NW91EF89&FC89/59

HE19,89.E949E9&EC979>66/?894-249E95BDCFBBEEB'95B;E1892C:E9E97FBCW89%%%AED:F HCEF9K9>66A?89U9534EFE9,FCB)979E95BDCFBEB94BE:EBE9V89MFB992BFC95)89

DG89BT8953(/

HC9H890E9!89#FE9N9E9#EF9H9>66F?9X)CE9E9CBFFFE9BWFC:E894ECB9BCCCB89 E9E9CWW89&FC89.EFQ9,CEBE

HFEF9519>/DE?89-E9CBE989CB9-E9EEFB9EB9B9EF9FCE894E%9IF8'9.FF890FE 6F9#9E9KECB969>66A?89U9#C)C9DEF9&FCB95BEF)9&EFFBE9CB9E9,EECB9B9AE99,F9

MFB9V89MFB992BFC95)89DG89BT89//53/A

6FBEF96F9>66G?89-E92-92BF929&F99E94CE94B)E9B9,CB CC9&F E89F9 6CEB9!9>/DD/?891EFBC9B9,E32EBC89,BF9ABCDEFC9&FE89/DD/

6 95BDCFBEB9HCC9>66?89-E94EB)E99,CB CC9!B9CB9)EB9F9E9) 9EBDCFBEB89 7CB)B9#4

6FEEBEE9>66F?9'33%%%)FEEBEEF)3FBE3BE%3)CE3F3BE3C)3E3FEB E3DFC366F MB9.9>/DE5?89-E92EFCDE992EBC CC'92B9,EF99B95C9F9E9-EB)C9!)E89ABCDEFC99

4C)9&FE

.FDE9!,9E9-F9159>666?89U9!CDC9ECB)9B9FDE9 EDCF'9!9C9B9EFECDE9V89 -FBFCB89DF89BT/895A3FA

.C9N19E929-H9>666?89U9-%F99CB E9CBFCB9CE9V892BFC889(89!)893D .9&,9E9IB)9M89>/DDD?89,F99FDE9FEB'9/DD594CB%CE9&EFB9-FBFCB9,FDE892EF9

H.7!3&N366366G897CB)B9#489A,9#EFEB99-FBFCB

.%9A9>/DDD?891EFC9%F9'9-E999E9U9%EC)E9EB9V89CB9-E9CC9FE)CEF89ECE9 9 N&BC9B94NE

KC959E9.FD9!9>66G?89"-FBFCB94CE9B9!CF9&CB95E99-EE%F8+9MFB992BFFFE9 ,E89!,4589/>?899//3/A(

KECB89.89.B8919>66(?89"9-E9FCC9C9EF99MF)EB9. EF9B9C9CCCB9F92,9FEEF9+89CB9 1CB)EF9M897C89N89,C9EF9B9C9F9CBFCB9E897CE894E%9IF889/5F3AF KE9M69>666?892E 99ECB9B9"K9B9E92BEFBE'9-E95BEF)92CCB99E9#C)C9

5B+890EF8EE894!'95BEF)9!BC9#EFEB89N%FEBE90EF8EE94CB9N FF89!)

NCBEF9M9>66A?89U92BFCB9-EB)9B9A,95BEF)94BCB95BEF)9.)89&FCDC9-89F90999 V89MFB992BFC95)89DG89BT89/A3(

NB)F89-8979.9E9-8EC9-9>66/?892BEFBCB9CE9C9B9E92-3EF897EF9,E<C9/D89 7EF896EFB'97EF92BCE

NE9,9>/DED?89N$CEBCCB99BE89N9#WDEFE89&FC

NEE919>66?89U9N$59E99BQE9669V89N$5)CE89BTE89 FE8953A6

1E%9.,89.EBFC8B949E9,9#N9>66/?89U95BDCFBEB9B9EBC9EE99E3EFE'9!9E9 99 89 CCB)9B9FEC9)CC9V89-FBFCB92EEF92EF9/FGA89G3/

18FCB9&9>/DEE?89U9!B9ECFC9EDCB99E9FDE9C99EEBEFEBCB)9V89-FBFCB92EEF89 D!89BT(89EA3ED

18FCB9&9>66A?89U9-EEBCCB9B9-FDE9-E94E9F94EEBFC9V89MFB992BFC9 5)89DG89BT89(A35F

2BE919>66A?89YB99CQFE9E99DFEW89HF89&FC89A69

,F9,9E9-9@9>66A?89U9-%F9-F9-9-CB89&F9-)9F95BDCFBEB91B)EEB9V89MFB9 92BFC95)89DG89BT89/AA3/(G

,9&929>/DFF?89-E9C9C99E9EEBE894 FC)E891!9'912-9&FE ABCE94CB9>66A?89-E96 95BDCFBEB978

7E9.69>/D5(?897EB9E9EEEF9%8E89CB9-E9EEEF9%8E89NBB'94CB9

7<%C89&897E8B9M89HC9289>/DF(?894B)E'9&FCBCE99&F E9HFCB9B9&F E92ECB899 4E%9IF8897794FB9

7CC959E9-)C9-9>66/?89U95BEF)9BC99E3EFE9B9BDEBCB9FEC9CFC CB99 89CB9 MB9V89CB9,CB CC9CB9E92BFCB9,CE89ECE9 9N.C9B9&6C)EB891F F)896EFB'9 1EFC9@EF)

7CC959E9-)C9-9>66A?89U95BEF)9AE9CB9,E9B9#CFC CB9DC9534EFE9B94BDCEBCB92EC9!9 4E9,99E9MBEE9089,EF9V89MFB992BFC95)89DG89BT89DD3//(

IC9I9>666?89U9-WWBCCB9B9FDE9 EDCF9'979EF9BCCB9)EBEFE9FE9FC999V89

!BB9-FBFCB92EEF90F91EECB)89D3/A9MBF897CB)B9#4

J8EEF9#9>/DDG?89U94BCCB99B9EEEB99E9DEF9FBF9BE19'9!B9ECFC99V89

&FEECB)99E9(

92BEFBCB94BEFEBE9B9,FDE91E9CB9-FBF89D/89GG3GE89NEE89AK