Topology, moduli and automorphisms of real algebraic surfaces

HAL Id: hal-00129679

https://hal.archives-ouvertes.fr/hal-00129679

Preprint submitted on 8 Feb 2007

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.

Topology, moduli and automorphisms of real algebraic surfaces

Viatcheslav Kharlamov

To cite this version:

Viatcheslav Kharlamov. Topology, moduli and automorphisms of real algebraic surfaces. 2002. �hal- 00129679�

!" !#$%&'%( !

)(*,+.-'/103254768+:9<;=0>+>?@68+>ACB>9

DFE5G7HIGFJ5KMLNG7HOPGRQ5OPK:S5T5URGFLIE5GVU7KWJ:LNG7J8LXKMY'LNE5GCURKWZ[Z[K8\:T5][T5^_LN`WZ[a:HbM]dcMGRJ`WLfegKMLNLN][J5h

bWG7JjiCJ5]dcMGROPHI][Llkm]dJonCG7URG7^qp1GROsrXtvuWuMuw`WJxSj`WL!yz][Zd`MJjiCJ5]dcMGROPHI][Llkm]dJo{fQ5OP][Z|r1}M~W~W~'€`

Y,GR‚S5GRLI`W][ZdHƒE5`scMGCp1GRG7J`MS5S5G7SLIE5`WLƒE5`scMGfJ5KML„p1GRG7JbM]dcMGRJ]dJLNE5G…Z[GRU7LNT5OPGRHƒp1GRUR`MT5HPG

KWYLNE5GZ[`WUvamKWYLN][^G8†q‡VKMT5Z[SoZ[]daMG$LIKmLNE5`MJ5aQ5OPKWY,GRHPHPKWOPHCˆV†X‰`WLI`WJ5G7HIG$GRL…Š†1‹VT5Œ

Y,KWOFbM]dc:][J5b^GLNE5G7HIG…K:URU7`WHP]dKMJ5Hƒ`WJ5SmY,KWOFLIE5GR][OFE5KMHIQ5][LN`MZd][Llk8†

5Ž‘ -'?1B“’“”>/'-'*,B 

•

OP]dbM]dJ5`MZdZ[k8rx^qk][J:LNG7OIG7HIL!LNKLNE5GKMp:–NGRU7LNH…Zd][HPLNGRSo]dJ—LNExG$LI]dLIZdG„`WH…^KWLN][c˜`WLIGRSjp:k

LNExGC™5OPHPLQ5`MOILKWY>šC]dZ[p€G7OIL˜›HtvœMŸžQ5OPKWpxZdG7^rWFE5G7OIGCšf][Zdp1GROPL`MHIa:H„`Wp1KWT5LLNE5G!J:T5^qp1GRO

KWYXHPE5G7GRLNHsrxLNE5G7]dO!HIEx`WQ1G8rx`WJ5SLIE5GR][OCQ1KWHP][LN][KWJz][J¡ Q5¢$Y,KWOfHPT5OPY,`WU7GRHfKMYXS5GRbMOIG7G£`MJ5S

E5][bWE5G7O!¤ŸS5T5G!LNKq¥xUvE5Z|g`M¦5]x`MJ5Sw§Z[GR][J“rMLNE5GC`WJ5HP„GRO„`WH`WZ[OIG7`WS5k$a:J5KsFJwY,KWOS5GRbMOIG7GV¨1r

HPGRG…LNE5GQxOIG7UR][HIG…HPLN`WLIGR^GRJ:LFp1GRZ[Ksq8Y,KWOFHP^`WZ[ZdG7OFS5GRbMOIG7GRHƒ]dLF][HFGRZ[GR^G7J8LI`WOPk>©N†

šf][Z[p€G7OIL“Q€KMHIG7H3E5][H“\:T5G7HILI]dKMJ5H3Y,KMO3J5KMJ5HP]dJ5bMT5Z[`WO>HPT5OPY,`WURG7H>KWJxZdk:†@šfGS5][SJ5KWL“GRª:Q5Z[`W][J

FE:kE5GQ5`W][S—HIQ1GRU7]d`MZ`MLNLIGRJ:LN][KWJoLNKmJ5KWJxHI][J5bWTxZd`MOCKMp:–NGRU7LNHsr1LNE5G7]dOS5G7bWOPGRG$`WJ5S—LNE5G7]dO

LNKMQ€KMZdKMbWk:† • JxG!^`skwHPT5HPQ€G7URLFLIE5GY,KWZ[ZdKsF][J5b(HIQ1GRU7T5Z[`WLN][KWJ†

{fZ[bWG7p5OP`W][Uwc˜`WOP]dG7LN][GRHq`MOIGJ5`WLIT5OI`MZdZ[k—KWOPbW`WJx]d«7GRS¡]dJ¬Y,`W^]dZ[][GRHs†‡lJ<^K:S5GROPJ<LIGROP^(H

KWJxG=UR`WJ—HPQ€G7`Waj`Mp€KMT5Lšf][Z[p€G7OILKMO‰E5Ks­HPUvE5GR^G7H˜r>Y,KWOG7ª8`M^Q5ZdG:†(‡lJ¡LNE5GwU7`WHPGKWY

Q5OPKs–NG7URLN][cWGqE8k:Q1GROPHITxOIY,`MURGRHsr:FE5][UvEz][HCKMT5OfHPT5p:–NG7URL˜r5][LC][HfJxKWLNEx]dJ5bp5T5LCLNE5G(HIQx`WURGqKWY

E5KM^(KMbWG7J5GRKMT5H>Q1KWZ[k8JxKW^]d`MZdHsr7FE5][UvEHIQxZd][LNH]dJ:LIKV]dOPOPGRS5T5U7]dpxZdG®U7KW^Q1KWJ5G7J8LIH“J:T5^$p€G7OIG7S

p:kmLNE5G(S5GRbMOIG7Gw¯KWYXLIE5GqQ1KWZ[k:J5KW^][`WZ[HC`MJ5SzLNExG$J:T5^$p€G7OV°—±²tKWYf¤,ExKW^KWbMGRJ5G7KWT5Hs©

c˜`WOP]d`Mp5Z[GRHs†'³`MUvE!U7KW^Q1KWJ5G7J8L“]dH“`fQ5OPKs–NG7URLI]dcMGXHIQ5`MURG®KMY.S5][^(G7J5HP]dKMJ=´!µW¶·¸º¹

µ

·˜»“µx¼ tM†

DFE5][HQxOIK½–NGRURLI]dcMGzHPQ5`WU7G<¾f¿¸ÁÀ½Â3¤ÄÃX©ÅFSxGRbfÂƸÁ¯8Ç8r…´&¸È´ µW¶· rƒE5`MHURG7OILI`W][J

`WSxS5]dLI]dKMJ5`WZHPLNOPT5URLIT5OIG7HCLIE5`WL!`WOPGqSxT5G$LIK][LNH…KWOP][bW][J“†V‡lJoQ5`WOPLN][URTxZd`MO˜rx]dL!][H!G7\:T5]dQxQ€G7S

F][LNE—`HPQ1GRUR][`WZÉS5][HPUROP]d^][J5`WJ:L!E8k:Q1GROPHITxOIY,`MURGÊËLIE5`WL…URKMJ5HP]dHPLNH…KWYLNE5G=Q1KWZ[k:J5KW^][`WZ[H

ÌÎÍvÍW̃υÐÑÄÒÓIԄÐÑÄÕ×ÖPØXÙsÚÜ۟Ý|ÓÎÖPÑ'Þ>ßÐØ|ØÎÕàxÖ|ÐÑÄÕ×áâsãÌÎävåævçWè:ÌÎävé€ævêWèÜëvì˜í!êWîvïNævêWã

ð

ÓPñwòxáóõôØÐâsô$öMÒóŸÐØ|ÓPØ|÷ø3ùúëvûëvûýüvùúþ˜ÿë

ÿ ×ë

ùÜèíÜùvÿ „ë

vì5è7í ûè

ìvû

vìvì

ƒëvì vûýí5ã

½ù ù“þ! "$#&%

æ '(*)+-,. ï/)0'213.4)ø5/)6879'

Â;:_¾ ¿ HPT5UvELNE5`MLÀ½Â ¸ ~1Ç=< ¾ ·

]dH=HP]dJxbWT5Z[`WOs†¡‡lJ Y,`WU7LÜrX][L]dH=`¡Q5`MOIL(KWYCLNE5G

HPLNOP`WLN][™5U7`WLN][KWJKWY¾ ¿ `WHPHPK8U7]d`MLNG7SF][LNEmLNE5GTxJ5]dcMGROPHI`MZ'E8k:Q1GROPHITxOIY,`MURG

> <‚¾

¿@?

¾ · A> ¸‚ÀM¤úÂ

A

ÃX©NÅ×Â3¤ÄÃX©®¸<~€Ç

`WJxS][LNHFQ5OPKs–NG7URLN][KWJ >CB ¾ ¿ †5DC`W^GRZ[k8r1Ê ][H„LIE5G…UROP]dLI]dU7`WZ'Z[K8U7T5HƒKWY“LNE5G…Q5OPKs–NG7URLN][KWJr

`WJxS“rÉ`WH(`jU7KWJ5HPGR\:T5G7J5URG:rKscWG7O¾ ¿FE Ê GbWG7LÜrÉ][J¬LIE5G^K:S5G7OIJ LNGROP^]dJxKWZ[KWbWk:r“`

S5G7Y,KWOP^(`MLN][KWJY,`W^][ZdkwKMY“JxKWJ5HP]dJxbWT5Z[`WOƒc˜`WOP]dG7LN][GRH

>CGH>4IJB ¾ ¿ E ÊLK

³cMGROPk:LNE5][J5bFHP`W][Sp€G7Y,KWOPG„KWOPa:H>GR\:T5`MZdZ[k…G7ZdZMKscWGRONMj`WJ5S= !†@šfKs„GRcMGROsrLIE5GROPG][H`

Q5OP]dJxUR][Q5`WZ½Sx]dŒ1GROPGRJ5U7G!O1KscMGROMLNE5G®HPQ5`MURGF¾ ¿JE Ê ]dH“URKWJxJ5GRU7LNGRS…`MJ5S…`WZ[Z½E:k8Q1GROPHPT5OIY,`MURG7H

À½Â ¸~1ǁF]dLIE²Â2: ¾ ¿;E Ê `WOPG=S5G7Y,KWOP^(`MLN][KWJ¡GR\:T5][c˜`WZ[GRJ:LÜr3FE5][ZdGKscWGRO( LIE5]dH$]dH

J5KZdKMJ5bWG7OfLNExG$U7`WHPG¤,G7ª:URGRQxL$¯¸_tW©`WJ5Sj]dL!]dH!J5`MLNT5OP`WZLNKLNOPkLNKTxJ5S5GROPHPLN`WJxSzLNE5G

J5`MLNT5OPGqKMY®LNE5GU7KW^Q€KMJ5GRJ:LIHCKMYV¾ ¿ ¤| !© E ʤΠ!©I†…ˆÉ]dOPHPLC\:T5G7HILI]dKMJ5HC`MOIGOJPRQTSVUWRXZY

[R\*]

QR^UWR_ `*QRX [ `a \ ^ \

XZ_PTYcb

\

^dfe0^

]

WRg

\

dJQ ]ih

`*j

\ X [R\h

^

\f\

WRX [k[

`*U

\

X+df`*QRX

\l

`*df_vWRX

[

PRQTSm_Q

[

`*df_`*X

h

e0`*dfP [T\"]

QT^UnWT_`*QTX [ `a \ ^ \

XZ_oPTYcb

\

^dfe0^

]

WRg

\

dqp ¤,ifJxY,KWOPLNT5J5`MLNG7Zdk:r@J5KML

cWG7OIk¬^qT5UvE]dHa8JxKsFJ HPK¡Y,`WOw][J bWGRJxGROP`WZrO^KMHILa:J5KsFJ OIG7HITxZdLIH=URKWJxURGROPJURT5OPcWG7H

`WJxSjHPT5OIY,`MURG7H˜†!{CHLNKLNE5GJ:T5^qp1GRO…KMYS5G7Y,KWOP^(`MLN][KWJ5H!URZ[`WHPHPGRHsrxLIE5Gp€G7HIL˜r'T5Q—LNK^qk

a:J5KsFZ[GRS5bMG8rÜGRHPLN][^`WLIG„][HF¯

¿ ·

¤Ä°±tW©

¿

¤It@±LsW¤ItW©N©I˜Y,KWO°m™5ª:GRS(`WJ5S¯ But ]dLÉbW][cWG7HÉ`

HPGR\:T5GRJxURG…bWOPKsF]dJxb$Z[]daMG…GRª:Q“¤wvx·'¯

·

ZdKMbV¯:©IrTvx·x:z !†ÉyzKMHILƒZ[]daMGRZ[k8r8LIE5]dHfT5Q5Q1GROVp1KWT5JxS

][HFJ5KWLF`MHIk:^Q5LNKMLN][UR`MZdZ[k=HIEx`WOPQ`WJxSU7KWT5Z[Sp€GG7HIHPGRJ:LN][`WZ[Z[k=]d^Q5OPKscWG7S`WHFHPK:KWJ`WHFKWJxG

T5J5SxGROPHILI`WJ5S5Hƒp1GRLILNGROfLNE5G…E5KM^(KMZdKMbWkKWY“LNE5G…S5][HPUROP]d^][J5`WJ:LƒE:k8Q1GROPHPT5OIY,`MURG:†>ˆ€KWOƒHIKM^G

OPGRZ[`WLNG7S][J5Y,KMOI^`WLI]dKMJ“r8HPGRGLy§ •z†d©

DKFURKWJxURZ[T5S5GXLNExGRHPGX]dJ:LNOPK:S5T5U7LNKWOPkfHPQ1GRURTxZd`MLN][KWJ5HsrZ[GRL@TxH3T5J5SxGROPZd][J5GXLNEx`WL>LIE5G®LNKMQ€KMZdh

KWbMkCKMY.`fOPGR`MZME:k:Q€G7OIHPT5OPY,`WU7Gf¤,FE5][UvEqU7`WJp1GTxJ5S5GROPHPLNK:K:S`WHLNE5G„LNKMQ€KMZdKMbWk!KWY.LNExGOPGR`MZ

Q1KW][J8LfHIG7LÜr.`MHV][JLIE5GHP]dª:LIGRGRJ:LIEšf][Zdp1GROPLVQ5OPKWp5Z[GR^zr5KWOFGRZ[HPG`WHVLIE5`WLfKWYLNE5GU7KW^Q5Z[GRª

URKMJ˜–NT5bM`WLN][KWJ]dJ:cMKWZ[T5LN][KWJ“©“][Hƒ]dLIHV^`W][JS5G7Y,KWOP^`WLN][KWJ]dJ:c˜`WOP][`WJ:L܆3DFE:T5H˜r8LIE5G…HILIT5S5kKWY

LNExGLNKWQ1KWZ[KWbMkwKWY“`=E:k8Q1GROPHPT5OIY,`MURG!]dHf`WJ]d^Q1KWOPLN`WJ:Lƒ][J5bWOPGRS5][GRJ:LFKMY3LNExGS5GRY,KMOI^`WLI]dKMJ

LNExGRKWOPk8†

{“ŽJ|~}€ *,/'+>6‚  B€ƒ  ?@254ܔ>6R-'4B  ’329„MB“?@AC+.-'*,B  4B„47”3?…„R+'/'254R†

DFE5GKWZ[S5GRHPL(OIG7HIT5Z[LÜr®FE5][UvE¬][H(G7cWG7J¬KWZ[S5G7O(LIE5`WJšf][Z[p€G7OIL˜›H=Q5OPKWpxZdG7^rX]dHS5T5GmLIK

¥5UvE5Zlg`W¦x]@`WJ5Sm§Z[GR][J¡¤It‡RˆT‡R‰'t‡‹Š¨1©I†

Œ‹Ž‹ J‘’Z“$‘” –• S3Q2XZQRXZdc`*X

h

e0—WR^˜^

\

WT—™g&e0š&`*g›dfe0^

]

WTg

\

dWT^

\ ^ \

WR—

[R\*]

QR^UWR_ `*QRX

\fœ

e0`*j&WR—

\

XZ_-`

]

WTX

[

QRX+—Y`

]

_P

\

`*^~^

\

WT—b0QR`*X+_d

\

_ diWR^

\

PRQTU

\

QTUnQT^ b‹PR`*g&ž

¥5][J5URGfLNE5GCOIG7`WZxQx`WOPL®]dH}WhÎS5][^(G7J5HP]dKMJ5`WZlrsLIE5GROPGV][HJ5KqS5]dŒ1GROPGRJxURGVp1GRLl„GRG7J ŸExKW^GRKMh

^KWOPQ5E5][U8›½`WJ5S ŸS5][Œ€G7KW^KWOPQ5E5][U8›[WLNE5GCS5GRY,KMOI^`WLI]dKMJ=GR\:T5][c˜`WZ[GRJ5U7GVUR`MJ=p€GCT5J5S5G7OIHPLNK:K:S

¡

€¢˜ù™ëvû£ þ½ù ì˜ü$íÜùõùúíx ÿdë ù è ¥¤ vÿ ¢=ì$ìÜün¢$ ¤ ùvùúÿ¦¢˜ë¦vÿ ÿvù ¢˜ù

í˜ùvÿ ƒëvì~˜ÿ vþÜûýù vûvùúí9§xÿÎùúëvû ÿ vù ëvÿùí˜ùvÿ ƒëvì…ù¨ $Pëvûýùúì‘è €ëvìÜí~vì˜û 9¢˜ù ÿ

ø )4/­)/€® ø4)4(, ï±°“ø4²)-, ï ³

E5G7OIGV`MH®`U7KWJ:LN][J:T5KWT5HQ5`WLIEw]dJ¾ ¿´E Êr½URYN†W`Wp1KscWG:†¤*DCKWLIGf`WZ[HPKLNE5`ML®LNE5GC`WJ5`MZdKMbWKMT5H

OPGRHPT5ZdLCY,KWO!HITxOIY,`MURGRHCKWYXS5G7bWOPGRGµ}][H!LNOP]dc:][`WZlx][JjSxGRbWOPGRG­µ}LIE5G(LNKWQ1KWZ[KWbMkKMYXLNE5G

OPGR`WZ„Q1KW][J8L(HPGRLqSxGRLNG7OI^][J5GRHLIE5GHPT5OPY,`WU7GGRcMGRJ<TxQ¬LNK—Q5OPKs–NG7URLN][cWGLNOP`WJ5HPY,KWOP^`WLN][KWJr

`WJxS(LIE5GVLIOI`MJ5HIY,KMOI^`MLN][KWJqU7`WJp1GVUvE5KWHPGRJ(Q5OPGRHPGROPc:]dJ5b…LIE5GFKWOP]dG7J:LN`WLI]dKMJ$KMYɾF¢8rs]l†G8†[rs][J

LNExGURKW^Q1KWJ5G7J:LFKWYT5J5][LlkKWYLNExGbWOPKWT5Q—¾~¶~·„¤Ÿ£1P !©I†É{ HP]d^Q5Z[GQ5OPK8KMY“KMY3DFE5G7KWOPGR^

}1†[tCbWKM]dJ5b(p5`MUvawLNK§Z[GR][J][HFY,KWTxJ5Sm]dJCynC§} z†[©

{fHF`U7KWJ5HPGR\:T5G7J5URG:r8KWJ5G…KWpxLN`W][J5HFLIE5GY,KWZ[ZdKsF][J5b'†

Œ‹Œ

%¸’Z“$’‹¹¹º9“$»

¼•

P \ ^\ WT—df_^e0g&_e0^\ dLQ] _S3QH^\ WR—XZQRX+df`*X h e0—½WT^‚ge0š&`*g dfe0^] WTg \ d

WR^\¾[ `a \ QRUQR^ bPR`*g¿`] ¤cWRX [ QRXZ—½Y¿`] ©¥_P \ ^ \ WT—Àb0QR`*XZ_d \ _d¥Q] _ P \ dfe0^] WRg\ d¦WT^ \ PRQTU \&Á

QRUQR^ bPR`*g&ž

‡lJ—Y,`WURL˜r@LIE5GROPG`WOPGnˆmURZ[`WHPHPGRH…KWYJ5KWJ5HP][J5bWT5Z[`WO…U7T5p5][U=HIT5OPY,`WU7GRHÀO… Q+ÂiØĀÂ8r Q9Â8r

Å ¢

 Q9Â.r ŸÆ

 Q9Â8r>`WJ5S ŸÇ

 Q9Â.†$šfGROPG8r

Å

HILI`WJ5SxHY,KWOLNExG=URKWJxJ5GRU7LNGRS—HPT5^ `WJxS2îr

Y,KWOFLIE5GS5][HŸ–NKM]dJ:LFHPT5^z†

‰T5p5][UHPT5OIY,`MURG7HV`WOPG…OI`MLN][KWJ5`MZ|†É‡lJY,`MURL˜r.`=HP]d^][Zd`MOF\8Tx`WHP]dhÎHI][^Q5Z[]dU7]dLlkOIG7HIT5Z[LFE5KMZdS5H

Y,KWO`WZ[ZCOP`WLI]dKMJ5`WZCHITxOIY,`MURGRHs† ‡lJ FEx`WLY,KMZdZ[KsFH„GjU7`WZ[Z œ e0WRdf`Ádf`*Ub—\ `¬Y,`M^]dZ[k KWY

HPT5OIY,`MURG7Hƒ¤ŸKWO`WJq][J5S5][c:]dSxT5`WZ:HPT5OIY,`MURG:©5FE5KMHIGOIG7`WZ8S5GRY,KMOI^`MLN][KWJU7Zd`MHIHcÂ][HS5GRLIGROP^(][J5G7S

p:kwLNExGS5]dŒ1GRKM^KWOPQ5E5][HI^ Llk:Q1GKWYLNE5GOPGR`MZ'HILIOIT5U7LNT5OPG8†

Œ‹È

J‘’Z“$‘”

8É

WR_ `*QRXZWR—€dfe0^] WTg \ diWR^ \œ e0WRdf`Ádf`*Ub—\ ž

ˆxKMO^]dJx]d^`WZHITxOIY,`MURGRHqLNE5][HqOPGRHPT5Z[L]dH$GRHPHIG7J8LI]d`MZdZ[kjSxT5GwLNK‰KW^GRHPHI`MLNLI]|r3yz`WJx]dJ“r

`WJxS—‡lHPaWKsc:HPa:]da:E ¤ŸHIG7G8r@G:†b'†dr>LNE5G=HPT5OPcWG7k2yyzD

z

©I†'DKQxOIKscMG$LIE5G=LNE5G7KWOPGR^ Y,KWOOPT5ZdG7S

HPT5OIY,`MURG7H˜r7`WH“G7ZdZ8`WHY,KWOURKMJ5][Up5T5JxS5ZdG7H˜rÜKMJ5G®U7`WJT5HPG§K:S5`M]dOP`VS5G7Y,KWOP^`WLN][KWJxH˜r7FE5][UvE

Q5OPKsc:]dS5GLNE5G„S5G7Y,KWOP^(`MLN][KWJG7\:T5]dc˜`MZdG7J5URGp€G7LlG7GRJqOPT5Z[GRSHPT5OPY,`WU7GRHF]dLIEqOPT5Zd][J5bMH“KMY5LNE5G

HP`W^GQ5`WOP]dLlk:†ˆ€KWOn!GRZNÊXG7«R«7KHPT5OPY,`WURG7H…LNE5G=Q5OPK:KWY]dHY,KMT5J5S¡]dJ–ynC‡l§

z

r'FE5G7OIGKWJxG

UR`MJ`WZ[HIK™5J5Sz`Zd][HILCKWYXS5G7Y,KWOP^`WLN][KWJmU7Zd`MHIHPGRHCKWYX^]dJx]d^`WZOP`WLN][KWJx`WZ>`MJ5Szn!GRZÊXGR«R«7K

HPT5OIY,`MURG7H˜†“{ URKM^Q5ZdG7LNG…Q5OPK:KWY3KMY“LIE5GRKMOIG7^ }1†¨]dHFbM]dcMGRJ]dJCynC§£

z†

‡lJY,`MURLÜrÜ`MH“][HQ5OIKscMGRS][JxynC§£

z

rÜLIE5GS5G7Y,KWOP^`WLN][KWJqLlk8Q1GKMY.`fOPGR`MZMOP`WLI]dKMJ5`WZ½HPT5OPY,`WU7G

][HFS5GRLIGROP^(][J5G7Sp:kURGROPLN`M]dJE5KM^(KMZdKMbW][UR`MZ€][J5Y,KWOP^`WLI]dKMJ“†

Œ‹Ë ~“$’ZÌ͒ZÎ&ϏÐϏ’‹Ñ 2• S3Q^\ WT—+^WT_`*QTX+WT—Zdfe0^] WRg \ d5Ò ÓrÔ!Ò ÓÓ-WR^ \¾[T\"] QT^UnWT_`*QTX \fœ e0`*j Á

WR—

\

XZ_J`

]

WTX

[

QTX+—½Y›`

]

_ P

\ ^ \

`*dxW=PRQTU

\

QRUQR^ bPR`*dfUÕÒ ÓΤ| !© B Ò ÓÓú¤| !©™b^

\ d \

^j&`*X

h

_ P

\ W [T[

`*_ `*QRX+WT—3df_^e0g&_e0^

\ d [R\

dfg^`*š

\f[

š \

—½QTSÖWRX

[

QRX

\

PTWRd¾×$¤"Ò Ól©¸Ø×$¤"Ò ÓÓl©iS3P

\ ^\

×$¤"Ò ©k`*d­_ P

\

b0WR^_¸Q

]

_P

\´\

`h P \ X+—½WT__ `*g

\

·„¤"Ò ©¸ §G7O ¤Nt

¼

U7KWJ˜–&ÙÜ©qO©Ú

Â

¤wÒ © B

Ú Â

¤"Ò © QTš_ WR`*X \f[ šYx^\ UQRj&`*X h~] ^QRUÛ·ƒ¤wÒ ©i_P \ dfe0UnUWRX [ d~`*dfQRUQR^ bPR`*g8_ QxÜ

¼

}‹Ý

¤±_ P \ gcQTX [ `*_`*QTX×$¤wқÓ|©®¸Þ×$¤wқÓÓl©NPRQT—[ d¥WTe0_QTUnWT_`*gfWR—*—Y¾e0XZ—\ dcd3ß

I

¤"Ò Ó

à

©X¸Þß

I

¤wқÓÓ

à

©X¸

£›QT^-ˆ1©±ž

• P \ W [T[ `*_ `*QRX+WT—©dc_ ^e0g&_e0^ \ do_ QLš \ b‹^\ d \ ^j \f[ WT^\ O

¤ItW©W [ `*df_`*X h e0`*dfP \c[Þá\ dfd \ X+_ `*WR—*—Y XZQRX+QT^`\ XZ_WTš—\â gcQTUb0QRX \ XZ_iQ ] Ò à Ô [R\*ã X \c[

`*X–_ P \ gfWRd\ ×(¤wÒ ©=¸ä×NåO›_PT`*d8`*dk_P \ QRXZ—½Y›gcQTUb0QRX \ XZ_JS3PRQTd \ g&—½WRdfd8`*X

æ

ä '(*)+-,. ï/)0'213.4)ø5/)6879'

Ú Â

¤"Ò céÍê7}1© [ Q \ diX+QR_š \ —QRX h _ Q8_ P \ `*UnW h\ Q] ·ƒ¤wÒ ©I

¤Ÿ}1©W›gYÀg&—½`*gQT^ [R\ ^8QTXë_ P \ d \ _iQ] _P \ QR_ P \ ^LgfQRUobQTX \ X+_ dfÔ [T\"ã X \f[ S3P \ X \ j \ ^

ß I

¤wÒ ©ì £ÞWRd ] QR—*—½QTS3dÀO›_ S3Q=gfQRUobQTX \ X+_ dí

†

ԙí

Â

WR^\ X \ `h PRšfQR^dk`] WRX [

QRXZ—½Y˜`] _ P \ ^\ `*dLWRX \ —\ U \ X+_oî:;Ú

Â

¤"Ò­ê7URKMJ˜–7©¸dfe0g&P _ PRWT_™îf—¸

¼

t´WRX [

î-ïyí

† z ¸Þîï¦yí

 z ¸ t ^K:Sm}ž

DfG7ª:L¤,`MJ5S<Q5OP`WU7LN][UR`MZdZ[koZ[`WHPLqY,KMO$LIE5G^KM^(G7J:LÜ©fbWOPKWT5Q KMYFHIT5OPY,`WU7GRH$FE5KWHPGOPGR`MZ

S5G7Y,KWOP^(`MLN][KWJ—LNE5G7KWOPkz][HG7ZdZ®TxJ5S5GROPHPLNK:K:So][HY,KWOP^GRS¡p:kzLNE5G=^][J5][^(`MZ®HPT5OIY,`MURG7HKWY

§K:S5`W][OP`S5]d^G7J5HI][KWJ¬~1†DFExGRHPG`WOPGw{Cp€G7Zd][`WJ“rE:k:Q1GROPGRZ[Zd][Q5LN][U8rð¨Whvr“`WJ5S<³J5OP]d\:T5G7H

HPT5OIY,`MURG7H˜†'¥x]dJ5U7GLIE5GRk…F][ZdZ:p1GKMT5O“QxOI][J5UR][Q5`MZWHPT5p:–NGRU7LÜrÜZ[GRL^GOPGRUR`MZdZMLNE5G7]dOS5G7™5J5][LN][KWJ5H

`WJxSbM]dcMG!HPKW^G…GRª:`M^(QxZdG7H˜†

{FLFLNEx]dHCQ€KM]dJ:LV„GE5`scWG…LIKwUvE5K:KWHPG…LNE5GU7`WLIGRbWKMOIk=KMYÉHIT5OPY,`WU7GRHFLIKwp€GqURKWJxHI][S5GROPGRSr

]l†G:†dr>GR][LNE5G7O`WZ[bWG7p5OI`M]dU$HITxOIY,`MURGRHKMJ5Z[kzKWOsr'^KWOPGbWGRJxGROP`WZ[Zdk:r1URKW^Q5`MURL…URKM^Q5ZdG7ªzHPT5OIh

Y,`WU7GRHs†4ñoG…^`WaMGfLNExG!Z[`WLILNG7O„UvExKW][URG8rW`WHƒ][LƒZdG7`WS5H„LNKHP]d^Q5Z[GROƒ`WJxS^KWOPGfLIOI`MJ5HIQx`WOPGRJ:L

HPLN`WLIGR^GRJ:LIH=¤ŸY,KWO…OP`WLN][KWJx`WZHIT5OPY,`WU7GRH!LNE5][H…^`WaWG7H…J5KSx]dŒ1GROPGRJ5U7G8r1HP]dJxURG(LNE5G7kY,KWOP^ `

URZ[`WHPHFURZ[KWHPGRST5J5SxGROFLNExGS5GRY,KMOI^`WLI]dKMJG7\:T5]dc˜`MZdG7J5URG…`WHF][LF][HFS5GR™5JxGRSmp€G7ZdKsq©I†

DFE:T5Hsr']dJ—FE5`ML!Y,KMZdZ[KsFH…G^GR`MJop:kz`MJ ò¿š \ —½`*WRXëdce0^] WTg \ LNE5G=\:T5KMLN][GRJ:L…KWYf¹¦Â

p:k=`OI`MJ5a=£$Z[`WLILN][URG¸·=<º¹¦Â:r:p:k=`xð¨ Ádfe0^] WRg \ `URKM^(Qx`WURL„URKM^Q5ZdG7ª=HITxOIY,`MURG!F]dLIE

ó † ¸ t`WJ5SVô

† ¸ ~1r®`WJ5Sp:k `WJ¼õ™X+^`

œ e \

dxdfe0^

]

WRg

\

`—HIT5OPY,`WU7GF][LNE

ó †

¸ÕéÍê7}

FE5KMHIG$T5J5][cWGROPHP`WZ„¤ŸS5KWTxp5ZdG:©®U7KscWG7OI][J5bw][HC` ð¨MhHPT5OPY,`WURG:†FŠƒkmE:k8Q1GROPGRZ[Z[]dQ5LI]dU(HPT5OIY,`MURG7H

„G^GR`WJLIE5G¤ŸJ5KWJxHI][J5bWTxZd`MO˜©\:T5KMLN][GRJ:LNHCKWYX{fp1GRZ[][`WJHPT5OIY,`MURG7Hfp:kY,OPGRGq™5J5][LNGqbMOIKMT5Q

`WU7LN][KWJ5Hs†

{fJ:kJ5KWJ5HP][J5bWT5Z[`WOƒS5G7bWOPGRG£HPT5OIY,`MURG][J¡¾F¢`WJ5SLIE5GS5KWTxp5ZdGU7KscWG7OI][J5b(KWY`=J5KWJ5h

HP]dJ5bMT5Z[`WO\:T5`MS5OP]dUz][J¾

¢

p5OP`WJ5UvE5G7S²]dJº`¬LNOP`WJxHIcMGROPHI`MZFHIG7URLN][KWJºp8k `<\:T5`MOILI]dUo`WOPG

GRª:`M^(QxZdG7HKWY3ð¨WhÎHITxOIY,`MURGRHs†‰KMJ5HP]dS5G7O˜r½Y,KWO„GRª:`W^Q5Z[G8rWLNExGf\:T5`WSxOI][UƒÃ‹Â„±¸ö9Âq¸Ö÷®±—t

`WJxS—Qx]dUvaz`HPGRU7LN][KWJ¡FE5][UvEo][H][J:cÜ`MOI][`WJ:L…F][LNE OPGRHPQ€G7URL…LNKLIE5G=]dJ:cMKWZ[T5LN][KWJoÃÖøB ÃXr

öëøB

¼

ö“r©÷­øB

¼

÷=`MJ5S—FE5]dUvE¡U7KWJ:LN`M]dJ5H…J5KMJ5G=KWYLNE5Gj¤ŸY,KWT5Os©„™5ª:GRS—Q1KW][J8LIHKWYLNE5G

][J8cMKWZ[T5LN][KWJ½LIE5GRJG!UR`MJwZd][Y,L„LNE5G!]dJ:cMKWZ[T5LN][KWJ=LIK$`$Y,OIG7Gf][J8cMKWZ[T5LN][KWJKWJwLIE5GCU7KscWG7OI][J5b

ð¨MhHPT5OPY,`WU7Gf`WJxSLIE:T5HFbWG7LF`WJ³J5OP]d\:T5G7HFHITxOIY,`MURG!`WHF][LNHVKMOIp5][LƒHIQx`WURG:†

ñ²E5G7JS5G7`WZ[]dJ5b$F]dLIE`(URKM^(Qx`WURLURKM^(QxZdG7ª(^`MJ5]dY,KMZdSLÒ rWG!S5GR™xJ5GC`­^\ WR—…df_ ^e0g Á

_ e0^ \ KWJÒ `WH…`MJj`WJ:LI]dE5KMZdKM^KWOPQ5E5][Uq][J8cMKWZ[T5LN][KWJëô¿OÒ B Ò †…‹VG7HIQ1GRU7LN][cWG7Zdk:r'p:k`

^ \ WR— [T\"] QT^UnWT_`*QTX \fœ e0`*j&WR—\ XZg \ GC^GR`WJLNE5G!GR\:T5][c˜`WZ[GRJ5U7GfbMGRJ5G7OI`MLNGRSp8kZ[K:UR`WZ'OPGR`MZ

S5G7Y,KWOP^(`MLN][KWJ5HÀO“bW][cWG7J`Q5OPKWQ1GROƒE5KMZdKM^(KMOIQxE5]dU…G7\8Tx]dc˜`WOP][`WJ:LHPT5p5^G7OIHP]dKMJ

­O5¤ù

A

ô7© B ¤NÅ÷:Å0ú t A URKWJs–R©

A

FE5G7OIGLôf]dH!`wOPGR`WZ“HILIOITxURLNTxOIGKMJ=ù `WJ5SU7KWJ˜–f][H!LNE5G$T5HITx`WZ3U7KW^Q5Z[GRªURKMJ˜–NT5bW`MLN][KWJ“r

LNExGqOPGR`WZ3cÜ`MOI][GRLI]dG7H(¤"Ò

I A ô7©Ir“¤"Òxû

A

ô7©XF][LNE­ü¾:— !r“Åü7ŋú_tMr!ÒxûF¸ Â5ý † ¤wüÜ©É`MOIGqHI`M]dSLIK

p1Gx^\ WR— [T\"] QT^UnWT_`*QTX \fœ e0`*jWT—\ X+_v†

‡lJLIE5G!`Wp1KscWGfG7ª:`W^Q5Z[GRH„LNE5Gð¨$`WJ5S³J5OP]d\:T5G7HHPT5OPY,`WU7GRH„]dJ5ExGROP]dL„`qJ5`MLNT5OP`WZ'OPGR`MZ

HPLNOPT5URLIT5OIG…Y,OPKW^ LIE5GHPLN`WJxS5`WOPSU7KW^Q5Z[GRªwU7KWJ˜–NTxbW`WLI]dKMJ][J¡¾F¢`WHFHPK8KMJ`MHFLNE5GU7KWOPOIG7h

ø )4/­)/€® ø4)4(, ï±°“ø4²)-, ï ê

Q5OPKsc:]dS5G…Z[K:UR`WZ@SxGRY,KWOP^`WLI]dKMJ5H˜†f¤*DfKMLNGLIE5`WLVU7KWJ:LNOP`WOPk=LNK=³J5OP]d\:T5G7HFHIT5OPY,`WU7GRHsr8J5KWLF`MZdZ

ð¨$HITxOIY,`MURGRH„`WOPGfQxOIK½–NGRURLI]dcMGf][JbMGRJ5G7OI`MZ|†3DFE5G!OIG7`WS5G7OHPE5KMT5ZdSp€G!`WZ[HPKq„`WOPJ5GRSwLIE5`WL

LNExG`Wp1KscWG!S5GR™5Jx]dLI]dKMJKMY“OPGR`MZ1SxGRY,KWOP^`WLI]dKMJG7\8Tx]dc˜`WZ[GRJxURG!S5]dŒ1GROPHVHPZd][bWE:LIZdk=Y,OPKW^ LIE5`WL

S5][HIU7T5HPHIG7S][Jz‡lJ:LNOPK:S5T5U7LN][KWJ4O®GRcWG7OIkOIG7`WZ>S5G7Y,KWOP^`WLN][KWJmG7\8Tx]dc˜`WZ[GRJxURG][JLNE5GqHIG7J5HIGqKWY

‡lJ:LNOPK:S5T5URLI]dKMJm]dHV`=OPGR`MZ@S5GRY,KMOI^`MLN][KWJmGR\:T5][c˜`WZ[GRJ5U7G]dJmLNExGHIG7J5HPGKWYLNE5G`Mp€KscMG…S5GR™5h

J5][LN][KWJ“r1FEx]dZ[G$LIE5G(URKWJ:cMGROPHIG][H…J5KWLCLNOPT5G8@Y,KWO!GRª:`W^Q5Z[G8r€`HI^`WZ[ZS5GRY,KMOI^`WLI]dKMJzKWY`

HPT5OIY,`MURGVKMY>S5G7bWOPGRGV£$]dJz¾ ¢ UR`MJwQ5OPKsc:]dS5Gf`qHPT5OIY,`MURGVJxKWJwG7^qp1GRS5`Mp5ZdG!][Jz¾ ¢ rM`WJxSwLNE5G

HP`W^G…E5`WQ5Q1GRJxHVY,KWOFJ5KMJHP^`WZ[Z@S5GRY,KMOI^`MLN][KWJ5HFKMY3HPT5OIY,`MURG7HFKWYS5GRbMOIG7Gnÿ£1†ƒ©

Œ‹Ë J‘’Z“$‘”  ò¿š \ —½`*WTX+Ô4ð¨ ÁÔ©WRX [ õ™X+^`œ e \ d¾dfe0^] WTg \ d~WR^ \nœ e0WRdf`Á df`*Ub—\ ž

ˆxKMO${Cp€G7Zd][`WJ HITxOIY,`MURGRH(LNEx]dHOPGRHPT5ZdL$]dHG7HIHPGRJ:LN][`WZ[Z[koS5TxGLIK ‰KM^(G7HIHP`WLILN]~yd‰

z

`MJ5S

¤,`MHZ[KWJ5b¬`WH][LU7KWJ5U7GROPJ5HwJ5KMLJ5G7URG7HIHP`WOP]dZ[k¬`MZdbMGRp5OP`W][UmHITxOIY,`MURGRHsr„LNEx`WL][Hsr„F]dLIE5KWT5L

LN`Ma:]dJ5b]dJ:LNK`WURU7KWT5J:LV`Q€KMZd`MOI][«R`MLN][KWJ“©É][LfY,KMZdZ[KsFHVY,OPKW^ Y,`W][OIZ[kGRZ[GR^GRJ:LN`MOIk`WJx`WZ[k8HP][H

KWY1][J8cMKWZ[T5LN][KWJxHKMJZd`MLNLN][URG7H˜†5Df`M^GRZ[k8rsKMJ5GƒURKMJ5HI][S5G7OIHXLIE5GFT5J5][cWG7OIHP`WZ:URKscMGROP]dJxb1r܁FE5][UvE

][H“`MJ`RþJ5GU7KW^Q5Z[GRª…Q5Z[`WJ5G:r7`WJ5SLIE5GU7KscWG7OI][J5bF`RþJ5G`WURLI]dKMJKWY.LIE5GbMOIKMT5Q·wKMY.S5GRUva

LNOP`WJxHIY,KMOI^`WLI]dKMJ5H…GRª:LNG7J5S5G7Sop:k´éÍê7}p:kz^G7`WJ5HKMYLIE5GZd][Y,LNHKMYLIE5G=OPGR`WZÉHPLNOPT5URLIT5OPG

Y,OPKW^ LIE5G\:T5KWLI]dG7J8LFLIKLNE5GU7KscWGROP][J5b$QxZd`MJ5G8r

~ B · B ¶ B éÍêR} B ~ZK

¤*DCKWLIGqLNEx`WLfLIE5GqOPGR`MZ3HPLNOPT5URLIT5OPGZd][Y,LNH…LIK`wOPGR`MZ3HPLNOPT5URLIT5OIGqKWYXLNExGqURKscMGROP]dJxb=Q5Zd`MJ5G][Y

`WJxSKWJ5Z[k][YXLNE5Gq{fp1GRZ[]d`MJzHITxOIY,`MURGE5`MHVOIG7`WZ>Q1KW][J:LNHs5LIE5GG7ª8][HPLNGRJxURGKMYHPT5UvEm`wZ[]dY,LC]dH

GR\:T5][c˜`WZ[GRJ:LfLIKLIE5GqG7ª8][HPLNGRJxURGqKMYX`wHPQ5Zd][LNLI]dJxbKMYXLNE5G$`Wp1KscWGHPE5KWOPLVG7ª8`MURLCHIG7\8TxGRJ5U7G8†[©

DFE5G!S5GRUvaLIOI`MJ5HIY,KMOI^`MLN][KWJ5H®Y,KMOI^Æ`$Zd`MLNLI]dU7GC][J‚MÍÂ!`WJ5SLNE5G!`WU7LN][KWJwKMY@LNE5G!GRª:LNG7J5S5G7S

bWOPKWTxQzKWYLNOP`WJ5HPY,KWOP^`WLN][KWJxH¿¶­KMJ=MÍÂ][H!SxGRLNG7OI^][J5GRSr'T5Q—LNKS5GRY,KMOI^`WLI]dKMJ“r1p:kLNE5G

`WU7LN][KWJwKMY©éÍêR}$KWJ ·j`WHPHPK8U7]d`MLNG7SwF]dLIELIE5GCG7ª:LNGRJxHI][KWJw`MJ5SLIE5G!GRZ[GR^GRJ:Ln: ·Íê8¤It®±

ô7©· `MLNLN`MUvE5GRSjLNK][L܆!DFEx]dH…][^(QxZd][GRH…LNExG$\:T5`MHI][hHP][^(QxZd][UR][Llk8†(¤,ˆ€KWO…LNE5G(HP]d^][Zd`MOCOPGRHPT5Z[L

][JLNExGfUR`MHIGCKWY@Q5OP][J5UR][Q5`WZ[Z[k(Q1KWZ[`WOP][«RGRS={Cp€G7Zd][`WJHITxOIY,`MURGRHsrsHPGRG:r½G:†b'†dry¥5E5]

z

`WJ5S y¥5]

z

©I†¢

ˆxKMO8ð¨Whf`MJ5S<³J5OI][\:T5GRH(HPT5OIY,`MURG7HqLNExGOPGRHPT5ZdL$Y,KWZ[ZdKsFH(Y,OPKW^ LNE5GbWZ[KWp5`MZDKWOPGRZ[Zd]

LNExGRKWOPGR^zrWHIG7GnyD z `WJ5S˜ynC§ zrWOIG7HIQ1GRU7LN][cWGRZ[k8rWKWO¾yn!‡l§ zrWFE5G7OIGVLIE5GfQxOIK:KWY'][HbM]dcMGRJ=Y,KWO

p1KWLNELNE5GVU7`WHPGRHs†>‡lJ=Y,`MURL˜r½][J=`WZ[ZxLIE5GfLIE5OIG7GVUR`MHIG7HC¤,{Cp€G7Zd][`WJr9ð¨1rs`MJ5S=³JxOI][\:T5GRHs©1LNE5G

\:T5`WHP][hHP]d^Q5Z[][UR][Llk=UR`WJp€G…OPGR™5JxGRS`WJ5S^`WS5G!^KWOPGCG7ª8QxZd][UR][L܆DC`W^GRZ[k8r8`MH„][LFY,KWZ[Z[KsFH

Y,OPKW^ LIE5G`Wp1KscWG…U7KWJ5HP]dSxGROP`WLN][KWJrWLIE5GS5G7Y,KWOP^(`MLN][KWJmLlk:Q€GKMY“`OPGR`MZ@{fp1GRZ[]d`MJHPT5OPY,`WU7G

][HS5G7LNG7OI^][J5GRSp8k=LIE5G!LNKWQ1KWZ[KWbMk$KMY@LNE5G!OPGR`WZ1Q5`MOILF]dLIELNExGCG7ª8U7GRQ5LI]dKMJKMY@KWJ5GCUR`WHPG8r

FE5G7J<LNE5GOIG7`WZQ5`WOPL][H$G7^(QxLlko`MJ5S<LNExGROPG`WOPG=}jSxGRY,KWOP^`WLI]dKMJ URZ[`WHPHIG7HFE5][UvE<`WOPG

S5][HILI]dJxbWT5][HIExGRS p:kjLIE5G`MURLN][KWJ¡KMY„LIE5GwOPGR`MZ®HILIOITxURLNTxOIG=][J–Ú † KMY„LIE5GwHPT5OPY,`WURG:†wDFExG

S5G7Y,KWOP^(`MLN][KWJwLlk:Q1GfKMY@`qOPGR`WZð¨MhHPT5OPY,`WU7GF]dH„S5GRLIGROP^]dJ5G7Sp:kLNE5G!`WU7LN][KWJ=][J˜ÚLÂ:†“ˆxKWO

OPGR`WZ³J5OP]d\:T5G7HqHPT5OPY,`WURG7H˜r3LNExGwOIG7`WZHILIOIT5U7LNT5OPGwZ[]dY,LIHqLIKjLl„KOIG7`WZHPLNOPT5U7LNT5OPGRHKMJ LNE5G

€¢˜ù ûýë ç ëvìn1ÿÎùúëvû‹¢½ùúÿÎùúûýû$ ÿ ×ë ù Í n!í˜ùvÿ ƒëvì

¢˜ë ÿÎù ùúìõûFþ½ùúùNìCë ˜û¢˜ùúífþ¦²“ãR,:ë ëvì˜ù ùXëvì˜í!é1ã ²sÿ ùúí ëvì ª,0²9¬õãf) vûýû ¤€ ×ÿ =¢˜ùÿ

'(*)+-,. ï/)0'213.4)ø5/)6879'

URKscMGROP]dJxbxð¨WhÎHIT5OPY,`WU7G8rM`WJxSLIE5GS5G7Y,KWOP^(`MLN][KWJLlk:Q€G][HVS5G7LNGROP^]dJxGRSmp:kLNExG]dJ5SxT5URG7S

éÍêR} ? éÍêR}Mh`MURLI]dKMJ][J›Ú8ÂKWYLNE5GU7KscWGROP][J5b8ð¨WhÎHIT5OPY,`WU7G8†„¤N‰KMJ8LIOI`MOIk=LIK=LNE5GU7`WHPG…KWY

{fp1GRZ[][`WJHIT5OPY,`WU7GRHsrM`$OPGR`MZ1HPLNOPT5U7LNT5OPGCKMY3`MJ³JxOI][\:T5GRHƒHPT5OIY,`MURG!Zd][Y,LNHF`MZd„`sk:HLIK$`OPGR`MZ

HPLNOPT5URLIT5OIG¤,`MJ5S“r˜LIE:T5H˜rsLNK!LlK!OIG7`WZ:HPLNOPT5URLIT5OIG7H˜©xKWYxLNE5GƒT5J5][cWG7OIHP`WZ:U7KscWGROP][J5b$¤,FEx]dUvE(]dH

LNExGFURKscWG7OI][J5bð¨MhHPT5OPY,`WURG:©Nr˜G7cWG7J$][Y'LNE5GFOPGR`MZ.Q5`WOPLXKWY1LNE5GfHIT5OPY,`WU7Gƒ]dH®G7^Q5Llk8†3‡lJ5S5G7GRS“r

`WHC]dH!a:J5KsFJ“r5LNE5G$KWp5HPLNOPT5URLI]dKMJ]dH!LNExGqHP`W^G`WHCY,KWOCZd][Y,LN][J5bLIE5GqOPGR`MZ3HPLNOPT5URLIT5OPG]dJ:LIK

LNExGjZ[]dJ5G—p5T5JxS5ZdGo`WHPHIK:U7]d`MLNGRS²F][LNE‚LNE5GoURKscMGROP]dJ5b'r`WJ5S ][J LIE5GoU7`WHPGzKWY³J5OP]d\:T5G7H

HPT5OIY,`MURG7HfLNEx]dH!p5T5J5SxZdG$]dH!LNE5G$UR`MJ5KWJ5][UR`MZ3Z[]dJxGqp5T5JxS5ZdG:r€LNKFEx]dUvEzLIE5GqOPGR`MZ3HPLNOPT5URLIT5OPG

Z[]dY,LIHVLN`MT5LNKMZdKMbW][UR`WZ[Z[k8†[©

DFE5G`Wp1KscWG][J:cÜ`MOI][`WJ:LIH!U7`WJ—p€G=HP][^(QxZd][™5GRS¡Y,T5OPLNExGROs†(ˆxKWOG7ª:`W^Q5Z[G8r@][J—LNE5G=U7`WHPG

KWY¿ð¨WhÎHPT5OIY,`MURG7H˜r3LNE5GmS5G7Y,KWOP^`WLN][KWJ¬Llk8Q1G]dHS5G7LNGROP^]dJxGRS¬p:k¡LNExGLIKWQ1KWZ[KWbMkoKMYVLNE5G

OPGR`WZ@Qx`WOPLFQ5ZdTxHfKWJxG^(KMOIG…p5][LVKMY“][J5Y,KWOP^`WLI]dKMJ4OÉLNExGcÜ`MJ5][HIE5][J5bj¤ŸKWOVJ5KMLÜ©ÉKMY“LIE5GOPGR`MZ

Q5`MOIL=][J LNE5GzHPGRU7KWJ5SØéÍê7}WhÎE5KW^KWZ[KWbMk¡bWOPKWT5Q KWY!LNExGzHITxOIY,`MURG<¤,J5KMLNGzLIE5`WL˜r]dJ Y,`WU7LÜr

LNEx]dHF][HFLNE5G…KMJ5ZdkQ€KMHIHP]dpxZdG…OPGRZ[`WLN][KWJp€G7LlG7GRJLNE5GU7Zd`MHIHPGRH„OIG7`WZ[]d«7GRSp8kHIG7Q5`WOP`WLIGCOPGR`MZ

URKM^Q€KMJ5GRJ:LNHs©N†>DFE5GX`WSxS5]dLI]dKMJ5`WZW]dJ:c˜`WOP]d`MJ:LNH@`WOPGÉ^KWOPGXHIT5pxLNZ[GX]dJLIE5G®UR`MHIGÉKMY8³J5OP]d\:T5G7H

HPT5OIY,`MURG7H˜†3DFE5GRk][J:cWKWZ[cWGfHIKM^(GfJ5`WLIT5OI`MZxS5G7URKM^(Q1KWHP][LN][KWJ5H„KWY@LIE5GfOPGR`MZ€Q5`MOIL]dJE5`WZ[cWG7H

`WJxS=\8Tx`WOPLNGROPHsrs\:T5`WSxOI`MLN][UVY,KWOP^HKWJ=LIE5G~éÍê7}WhÎE5KW^KMZdKMbWkKMY1LIE5GfOPGR`MZxQ5`MOIL˜r½G7LNU:†3DFExG

S5G7LN`W][Z[H˜r8LIE5G…Zd][HILIHFKWY“LNE5Gc˜`WZ[T5G7H„KMY3LIE5G]dJ:c˜`WOP][`WJ:LNHsrM`WJ5SHIKM^(G…OPGRZ[`WLIGRS][J5Y,KMOI^`WLI]dKMJ

`WOPG…Y,KWT5JxS][J=yn!‡l§ z†

{fHmY,KMZdZ[KsFHY,OPKW^ LIE5GoQxOIK:KWY,HsrFLIE5G—J8Tx^qp1GROmKWYS5G7Y,KWOP^`WLN][KWJºURZ[`WHPHIG7H][H‚ˆ¬Y,KWO

{fp1GRZ[][`WJzHPT5OPY,`WURG7H˜r4ŠˆwY,KMO¿ð¨WhÎHIT5OPY,`WU7GRHsr:`WJxSzHIG7cWG7OI`MZ>E:T5J5S5OPGRS5HCY,KWOC³J5OP]d\:T5G7HVHPT5OIh

Y,`WU7GRHs†ƒ¤,‡lLF][HVKMOILIEJ5KMLN][J5bLNE5`MLFKscWG7OM²`WZ[Z@{fp1GRZ[]d`MJ“r:`MH„„GRZ[Z>`MH¾ð¨WhÉKWOF³J5OP]d\:T5G7H

HPT5OIY,`MURG7H˜r8`MOIG!S5GRY,KMOI^`MLN][KWJGR\:T5][cÜ`MZdG7J:L܆[©

{fH`WJqGRª:`W^Q5Z[G®KWY.`MQ5Q5Z[]dU7`WLI]dKMJ“r7ZdG7L“T5H^GRJ:LN][KWJqLNE5`ML3LNExGY,KMZdZ[KsF]dJxbVURKMJ5HIG7\:T5GRJ5U7G

KWY:LIE5GU7Zd`MHIHP]d™xUR`WLI]dKMJ…KWY.OPGR`WZW³J5OP]d\:T5G7H>HPT5OIY,`MURG7H3URKM^Q5ZdG7LNG7H3LNExG®Šƒ]dG7p€G7OIp5`MUvE5hΚf][LNUvE5][J

URZ[`WHPHP]d™5U7`WLI]dKMJKWYURKM^Q5`WU7L„‹f]dU7UR]>¦5`MLƒ³][J5HILIGR][Jm£WhÎ^(`MJ5][Y,KWZ[S5H˜†

Œ‹ ~“$’ZÌ͒ZÎ&ϏÐϏ’‹Ñ 2• P \ ^ \

`*d¿QTX+—½YxQRX

\

gfQTX+X

\

g&_

\f[]

WRU`*—½Y‚Q

]

gfQRUobWTg_ É `*gfg&`™WR_

õ™`*XZdc_

\

`*X

Á

UWRXZ`

]

QR—

[

dJS3`*_ P

ó †

¸2éÍêR}

?

éÍêR}…ž

‡lJ5S5G7GRS“r`WHzQxOIKscMGRS p:k‚šC]dLIUvE5]dJ yšC]

z

r`MJ:kºURKM^Q5`WU7Lz‹V][URUR](¦5`MLz³][J5HPLNGR][J £Wh

^`WJ5][Y,KWZ[SF][LNE

ó †

¸¼éÍê7}

?

éÍê7}q¤,KMO˜rRGR\:T5][c˜`WZ[GRJ:LNZ[k8rU7KW^Q5`MURL>³]dJ5HPLNG7]dJ£Mh^`MJ5]dY,KMZdSxH

F][LNEjÅ! >Åx¸

Â

¢#"

`MJ5S

ó †

¸–éÍêR}

?

éÍê7}1©'][HLIE5GVKWOPp5][L®HPQ5`WU7GFKWY'`OPGR`WZxHILIOIT5U7LNT5OPGFF][LNE5h

KWTxL3OPGR`WZMQ€KM]dJ:LIH3KWJq`WJ³J5OI][\:T5GRH3HIT5OPY,`WU7G8†>{fURU7KWOPS5][J5bVLNKfKWT5O“URZ[`WHPHI][™5UR`MLN][KWJ“rRLNExGOPGR`MZ

³JxOI][\:T5GRHHPT5OPY,`WU7GRHqF][LNExKWT5L$OIG7`WZ®Q1KW][J:LNHqY,KMOI^ `zU7KWJ5JxGRURLIGRS Y,`M^(][Z[k ¤Ÿ™5OIHPLÜrSx]dOPGRU7L

Q5OPK:KWY3][HFY,KWTxJ5Sm]dJCynC§¨ z©I†

DFE5G„S5GRY,KMOI^`MLN][KWJqU7Zd`MHIHP][™5UR`MLN][KWJKMYxOPGR`WZ:³J5OI][\:T5GRHHPT5OIY,`MURG7HEx`WQ5Q1GRJ5HÉLIK!p1Gƒ^KWHPL

`WSxcÜ`MJ5URG7So`M^KWJ5bLNE5G=KMLNE5G7OS5GRY,KMOI^`MLN][KWJjU7Zd`MHIHP][™5UR`MLN][KWJ5H…KWYOIG7`WZÉKWp.–NGRURLIHa:J5KsFJ

Y,KWOLNE5GC^KW^GRJ:L܆3‡lJwHPKW^GVHPGRJ5HPG8r½]dLURKMJ8LI`W][J5H`qHI][bWJ5][™5U7`WJ:LXJ:T5^qp1GROKWY@LNExGVKWLIE5GROPH˜r

Z[]daMG!LIE5`WLfKWY3U7T5p5][UHITxOIY,`MURGRHsr8Q5Z[`WJ5G\:T5`MOILI]dU7H˜r8U7T5p5][UHIG7URLI]dKMJ5HFKWY`\8Tx`WS5OP`WLI]dU…URKMJ5G8r

$ ) ˜ÿcvùúí=þ¿. ¢ 옪. ¬õè&%'(%*)

æ

,+

vÿëvì ˜ë # ì ùìä wƒëvì vûýí5è:ëvì˜í¸¢

#

ø )4/­)/€® ø4)4(, ï±°“ø4²)-, ï î

][J8LIGROPHIG7URLI]dKMJ¬KWYCLlK¡\:T5`MS5OI][URH][J‚¾/:r®bMGRJ5G7OI`MZd][«RG7S‚¤,JxK8Sx`WZl©!nCG7Z¦ÊXGR«R«7KoHPT5OPY,`WU7GRHsr

URTxOIcMGRH„KWY3px]dS5G7bWOPGRG¤,}

A

£1©3KWJo¾ † ? ¾ † r8GRLIU8†¥5][J5URG…KMJ5GCKMY>LNExG!^G7LNE5K:S5HFG7^(QxZdKskMGRS

Y,KWO$LNE5GHILIT5S5k¡KWYFSxGRY,KWOP^`WLI]dKMJ5HqKMYF³J5OP]d\:T5G7HHPT5OIY,`MURG7HqOPGRS5T5U7GRH$LNE5GS5GRY,KMOI^`WLI]dKMJ

Q5OPKWp5Z[GR^_LNKHPKW^GV`MOI][LNEx^(G7LN][UVKWY1Z[`WLNLI]dU7GRHsr½JxGR Q5OPK8KMY,H®Y,KWOLNE5GfS5GRY,KMOI^`WLI]dKMJOIG7HIT5Z[LNH

Z[]dHPLNG7S`Mp€KscMGCU7`WJp€GSxGRS5T5U7GRSmY,OPKW^ LIE5GURKMOIOPGRHPQ€KMJ5S5][J5b(Zd`MLNLN][URGU7`WZ[URT5Z[`WLI]dKMJ5Hs†

‡lL!]dH…J5`MLNT5OP`WZLNKGRª:Q1GRURL!LNEx`WL…Y,KWO!HITxOIY,`MURGRH!KWYbWGRJxGROP`WZLlk8Q1G(LNE5G7OIG(]dH…J5K\:T5`WHP][h

HP]d^Q5Z[]dU7]dLlk€O'LIE5GROPG®HPE5KWTxZdSG7ª8][HPL>GRª:`W^Q5Z[GRH3KWY€ hSxGRY,KWOP^`WLI]dKMJ!Sx]dHPLN][J5URL“HITxOIY,`MURGRH3F]dLIE

S5]wþOIG7J8LI]d`Mp5Z[k GR\:T5][cÜ`MZdG7J:L$OPGR`MZHPLNOPT5URLIT5OPGRHs†—DFE5GmQ5OIKMp5Z[GR^ ][H(LIKo™xJ5S U7KWJ:cWG7J5][GRJ:L

S5G7Y,KWOP^(`MLN][KWJ]dJ:c˜`WOP][`WJ:LNHƒFE5][UvEm`WOPGCJ5KMLFLNKMQ€KMZdKMbW][UR`WZl†

DFE5][HS5K:GRHJxKWLGRª:U7ZdT5SxG=LNE5G=\:T5`MHI][hHP][^(QxZd][UR][LlkzY,KWOHPKW^GURZ[`WHPHPGRHKWY„HPT5OIY,`MURG7HKWY

bWG7J5GROP`WZMLlk:Q€G:† • J5GHITxUvEqGRª:`M^(QxZdG]dHÉbW][cWG7Jp:k…Š„KMbWKM^(KMZdKsc:hÎyz][kW`WKMa˜`Wh10X`WTfHPT5OPY,`WU7GRHsr

LNEx`WLF][H˜r8HPT5OPY,`WURG7HFURKscMGROPGRSp:kw`p5`MZdZ3]dJ˜MÍÂ:†

2Ž43

BAf2˜„8*



*,-12



254Ü4=?@2547”36R-'4

{fZ[Z1LNE5G!S5GRY,KMOI^`MLN][KWJ=URZ[`WHPHP]d™5U7`WLI]dKMJ5H^GRJ:LI]dKMJ5GRSw`Mp€KscMGV`WOPGV™5Jx]dLIG8†{fQxQ5`WOPGRJ:LNZ[k8r

LNEx]dHVHPE5KMT5ZdSOPGR¦5G7URLƒ`bWGRJxGROP`WZ'HILI`WLIGR^GRJ:L&ObM]dcMGRJ`(Sx]dŒ1GROPGRJ:LN][`WZ@Llk:Q1GùKMY3`URKM^(h

Q5`MURLÉ£WhÎ^`WJ5][Y,KWZ[S“rÜLNExG„J:T5^$p€G7OÉKWYxSxGRY,KWOP^`WLI]dKMJURZ[`WHPHIG7HÉKWY5OPGR`MZ8HPT5OPY,`WU7GRHF¤wÒ

A

ô7©€F]dLIE

Ò S5]dŒ1GRKM^KWOPQ5E5][U(LIK=ù ][H™5J5][LNG:†‡lL„KWT5Z[Sop1G=J5`MLNT5OP`WZXLIKHIT5p1S5][c:]dS5G=LIE5G=Q5OPK:KWY

][JoLl„KQ5`MOILIH…`WJ5SoLNOPk8r1™5OPHIL˜r1LNKQ5OPKscWGqLIE5`WL!LNExG(J:T5^$p€G7O…KWY®J5KMJj][HIKM^KWOPQ5E5][U$OPGR`MZ

Y,KWOP^HKMY>`(™5ª:GRSU7KW^Q5Z[GRªHPT5OIY,`MURGC]dHƒ™5J5][LNG:r8`WJ5SrWHPGRU7KWJ5SrWLIE5`WL„LNExG!^`MQY,OPKW^ LNE5G

^K:S5T5Z[]>HIQx`WURG…KMY“OPGR`MZ@HIT5OPY,`WU7GRHFLIK(LIE5GOPGR`MZ@Q5`WOPLƒKWYLNE5G^K:S5T5Z[]>HPQ5`WU7G!KMY“U7KW^Q5Z[GRª

HPT5OIY,`MURG7H][H®J5][URGƒ][JHIKM^(Gƒ`MQ5Q5OPKWQ5OP]d`MLNG„HIG7J5HPG¤ŸG8†b1†[rsHPGR^][h`MZdbMGRp5OP`W][U8©I†DfKMLNGƒLNE5`MLXLNE5G

J:T5^qp1GROFKMY“U7KW^Q5Z[GRªwSxGRY,KWOP^`WLI]dKMJU7Zd`MHIHPGRHƒF][LNE5][J´ù ][HFa:J5KsFJLIK=p€G™xJ5]dLIG8†

Æ

5 G7L…^(G^GRJ:LI]dKMJ—`mQ5ExGRJ5KM^(G7J5KWJ—LNEx`WL…GRª:Q1KWHPGRH…KWJ5GKMYLIE5GS5]èþU7T5ZdLI]dG7HKWYLNE5G

OPGR`WZ'S5G7Y,KWOP^`WLN][KWJLNE5G7KWOPkw`WJxSG7ª8QxZd`M]dJ5HƒLIE5GHILIOI`MLNG7bWkHITxbWbWG7HILIGRS`Wp1KscWG8†ƒ‰KMJ5HI][S5G7O

LNExGw^K8SxT5Zd]HIQ5`MURG­ù KWY„URKM^(QxZdG7ªjHPLNOPT5URLIT5OIG7HKWJ¡`bW][cWG7JoU7KW^Q5`MURL^`WJ5][Y,KWZ[S Ò

¤,LIKWQ1KWZ[KWbM]dU7`WZ'KWOƒHP^(K:KMLNE“©I†5ñ²ExGRJm]dLƒ][HFG7ZdZ'S5G7™5J5G7S“r:][L„][HF`(URKW^Q5Z[GRª=HPQ5`MURG…`WJ5S]dL

E5`MHf`wJ5`MLNT5OP`WZ“OIG7`WZ“HILIOIT5U7LNT5OPG8r5FE5][UvEzURKMJ5HI][HPLNHf][JOPGRQ5Z[`WU7]dJ5b`wURKM^(QxZdG7ªHPLNOPT5URLIT5OPG

KWJCÒ p:k LNExGU7KWJ˜–NT5bM`WLIGKMJ5G8†²‰G7OILI`W][J5Zdk:rÉOPGR`WZƒc˜`WOP][GRLN][GRH¤wÒ

A

ô7©COPGRQ5OPGRHPGRJ:Lq™xª8G7S

Q1KW][J8LIH$KMYFLNE5][H(`WURLI]dKMJ“†ŠƒT5L$LNE5GURKMJ8cMGROPHIG=][H(FOIKMJ5b1r“][J<bWG7J5GROP`WZl†mˆÉ]dOPHPLURKMT5J:LNGRO

GRª:`M^(QxZdG7H!`MQ5Q1GR`WO…`MZdOPGR`MS5km]dJ¡LNExG(U7`WHPG$KMYU7T5OIcMGRH!KWYbWGRJ:T5Hx캨'r1HIG7G­y¥5E5]

z

†{CH`

URKMJ5HPGR\:T5GRJxURG8rsLNE5GV^K:S5T5Z[]xHPQ5`MURGFKWY'OPGR`MZ.KWp:–NG7URLNH]dHGRª:LNOPGR^GRZ[kqOP`WOPGRZ[kLIE5GVOPGR`WZ.Qx`WOPL

KWYLNExG^(K:S5TxZd]>HPQ5`MURG!KWYURKW^Q5Z[GRªKWJ5G7H˜†

‰KWJ:LIOI`MOIkzLIKjLIE5G\:T5`MHI][hHP][^(QxZd][UR][Llk8r“Y,KWO$LNE5G™5J5][LNG7J5GRHPH$KMYFLNE5GJ:T5^qp1GRO(KWYFOPGR`MZ

HPLNOPT5URLIT5OIG7HKWJ¡`mbW][cWG7Joc˜`WOP][GRLlkzLIE5G=UR`MHIGKWY„bWG7J5GROP`WZÉLlk:Q1G=]dH`MJoG7`WHPkzKWJxG8†(¥5][J5URG

LNExGURKW^Q1KWHP]dLI]dKMJKMY“Ll„K(OIG7`WZ@HPLNOPT5URLIT5OIG7HF]dHF`=px]dE5KMZdKM^KWOPQ5E5][UC`MT5LNKM^(KMOIQxE5]dHP^ `MJ5S

6

€¢˜ù ëvì ¢˜ëvì˜ü ì˜ü 즢 ü¢˜ùúÿ@í ƒùúì vì ã!€¢˜ùúÿù“ëvÿù£Rì$ ¤ ìVù877ë¥Üûýù ¥˜ë

¢9 "„ëvì èvûýí vÿ ¤ ¢ ¢k¢˜ùì þ½ùúÿoXí˜ùèvÿƒëvì ûýë ù ¥˜ûýù87 ÿ$ ÿÎù

ì$ç˜ì õù7ã

#

vùNì ìx¢˜ù ¥˜ûýù J ëõùNüvÿ7è ¤ ¢˜ùúÿÎù ¢Üù¿¨ ùv삮í˜ùvÿ ì˜ü¢˜ù

ç '(*)+-,. ï/)0'213.4)ø5/)6879'

HP]dJ5U7GLNExGqbWOPKWTxQKMYÉ`WT5LIKW^KWOPQ5E5][HI^HVKMYÉ`wc˜`WOP]dG7LlkKWYÉbMGRJ5G7OI`MZ>Llk:Q€G][H!™5J5][LNG8rxLNExGROPG

][HKWJ5Z[kz™5J5][LNG7Zdkj^(`MJ:kzOIG7`WZÉHPLNOPT5URLIT5OIG7H…KWJ—`WJ:kzc˜`WOP]dG7LlkKWYbWGRJxGROP`WZÉLlk:Q€G:† • J—LNE5G

KWLIE5GRO!E5`MJ5S“r1][JoLIE5G$U7`WHPGqKMY®HITxOIY,`MURGRH!LNExG(šC]dZ[p1GROPLCHPUvE5GR^G(KWY®HPT5OPY,`WU7GRH!KWY®bMGRJ5G7OI`MZ

Llk:Q€G(F][LNEjbM]dcMGRJzUvEx`WOP`WURLIGROP]dHPLN][UJ:T5^qp1GROPH…]dH!\:T5`WHP][hQ5OPKs–NG7URLI]dcMG8r.FEx]dUvEo]d^Q5Z[]dG7H…S5]dh

OPGRURLIZdk¤,F][LNE5KMT5L®T5HP]dJxb!LIE5GF™5J5][LNG7J5GRHPH®KMYxLNExGFJ8Tx^qp1GRO®KMYxOPGR`WZ.HPLNOPT5U7LNT5OPGRHXKMJ$`…bW][cWG7J

HPT5OIY,`MURG:©'LNE5G!™5J5][LNG7J5GRHPH„KWY@LNExGfJ:T5^qp1GRO„KWY@SxGRY,KWOP^`WLI]dKMJ=URZ[`WHPHIG7H®KWY@OPGR`MZxHPLNOPT5URLIT5OIG7H˜†

• LNExGROPF]dHPG8r8LIK=^qkwa:J5KsFZ[GRS5bMG8r8LIE5GQ5OPKWp5Z[GR^ KMY“™xJ5]dLIGRJ5G7HIHFKMY“LIE5GJ:T5^qp1GROfKWY3U7KWJ5h

–NT5bM`WURkURZ[`WHPHIG7H„KMY“OPGR`MZ'HILIOIT5U7LNT5OPGRHFOPGR^`M]dJ5HFG7HIHPGRJ:LI]d`MZdZ[kwKWQ1GRJ†

ŠƒGRY,KMOIG!S5][HIU7T5HIHP][J5b$LIE5GUR`MHIG!KWY“HITxOIY,`MURGRHsrMZdG7LF^G!U7KW^Q5`MOIG!LNE5G`Mp€KscMGC™xJ5]dLIGRJ5G7HIH

Q5OPKWp5Z[GR^ F]dLIELIE5G`WJx`WZ[KWbWKMT5H„Q5OIKMp5Z[GR^HF]dJmKMLNE5G7OFUR`WLIGRbMKWOP]dG7H˜†

‡lJ¬LIE5GmUR`MLNGRbMKWOPkoKMYVURKM^Q5`WU7L$HP^K8KMLNE ^(`MJ5][Y,KWZ[S5H˜r®LNE5GJ:T5^qp1GROKMYfURKMJ˜–NT5bM`WURk

URZ[`WHPHPGRHKWYƒ][J:cWKWZ[T5LI]dKMJ5H][Hq™5J5][LNGY,KWO`MJ8ko^`WJ5][Y,KWZ[S KWYƒS5][^GRJ5HP]dKMJص }'r>FE5][Z[GwLNE5G

™5J5][LNG7J5GRHPH3Y,`M]dZ[H>][JE5][bWE5G7O@S5]d^G7J5HI][KWJxH˜†>‡lJ!Qx`WOPLN][URT5Z[`WOsr][J…S5][^(G7J5HP]dKMJ£FLNE5G7OIGX`MOIGÉLl„K

Y,`W^KMT5HfHPGROP]dG7HVKWYÉG7ª8`M^Q5ZdG7HfKMY][J5™5Jx]dLIGRZ[k^`MJ8kQ5`M]dOPF]dHPGJ5KMJGR\:T5][cÜ`MZdG7J:LVHI^K:KWLIE

][J8cMKWZ[T5LN][KWJxHKWJ¼Ä:!OKWJ5G=F][LNE c˜`WOP][KWT5HE5KM^KWZ[KWbWk¨MhSx]d^GRJxHI][KWJ5`MZXHIQxE5GROPGRH`MHLNE5G

™5ª:GRSmQ1KW][J:LVHIG7Lq¤,HPGRG8yÊ z r€ynCG7‹

z

©Ir.`MJ5SmLNE5GKMLNE5G7OVF]dLIELNE5G™xª8G7SmQ€KM]dJ:LVHPGRLFS5][Œ1GRKWh

^KWOPQ5E5][UCLIKLNE5GHPLN`MJ5S5`WOPS}MhHPQ5E5G7OIG¤,HPGRGLy[e„]zr€y[e„K z r…y; zr8G7LNU8©I†É‡lLƒ]dHF„KWOPLNEJ5KWLI]dJxb

LNEx`WLVLIE5GqZ[`WLILNGROCHIG7OI][GRHfKWYÉGRª:`W^Q5Z[GRHCQ5OPKsc8][S5G`MJ]dJ5™xJ5]dLIGqJ:T5^$p€G7OVKWYXQ5`M]dOPF][HIGJ5KMJ

S5][Œ€G7KW^KWOPQ5E5][U…]d^$p€G7S5S5][J5bWHfKWY=<  ][J:LNK>< F]dLIE<  HPLN`MJ5S5`WOPS`MLF]dJx™5J5][Llk8†

‡lJzLIE5G$U7`WLIGRbWKMOIkKWYURKW^Q5`MURLC‹V]dG7^`WJ5Jo^(`MJ5][Y,KWZ[S5H˜r€LIE5G$J:T5^$p€G7OCKMY®URKMJ˜–NT5bM`WURk

URZ[`WHPHPGRHƒKWY]dJ:cMKWZ[T5LN][KWJ5Hƒ][HV™5J5][LNGY,KMOF`WJ:kw^`WJx]dY,KMZdSKWY`WJ:kwS5][^GRJ5HP][KWJ“†

‡lL(KMT5ZdS¬p€Gm][J8LIGROPGRHPLN][J5bjLIKoG7ª:`W^]dJxGHPT5UvE¬`MJ¬][J8LIGROP^GRS5][`WLIGUR`MHIG`WH(LNE5`MLKWY

URKM^Q5`WU7LqHPk8^Q5Z[GRU7LN][U^`WJx]dY,KMZdS5Hs†šCGROPG8r“`WbM`W][J ]dL$]dH(KWp:c:][KWT5H$LNE5`MLq][J¬S5][^GRJ5HP]dKMJ

µ}jLIE5G™5Jx]dLIGRJ5G7HIH$LN`WaMGRH$Q5Zd`MURG:†m¥5][J5URG:r3`MHq][L$Ex`WHq`MZdOPGR`MS5kjp1GRG7J<^GRJ:LN][KWJxGRS“r“][J

LNExGVHIk:^Q5Z[GRU7LN][UFUR`WLIGRbMKWOPk]dJ=Sx]d^GRJxHI][KWJ ì œLNE5G7OIGF][H®J5K™5Jx]dLIGRJ5G7HIHKWY1S5GRY,KMOI^`WLI]dKMJ

URZ[`WHPHPGRH„KWY@HPk8^Q5Z[GRU7LN][UCHPLNOPT5U7LNT5OPGRHsrM]dL„]dHƒS5KMT5p5LIY,T5Z@LNE5`MLHPKW^GCa8][J5SKWY>™5Jx]dLIGRJ5G7HIHƒY,KWO

LNExG=J8Tx^qp1GROKMY`MJ8LI]dhÎ][J8cMKWZ[T5LN][KWJxH!U7`WJ—E5KWZ[S¡F]dLIE5KWTxL`WJ:kzp1KWT5J5SxJ5GRHPHE:k:Q€KMLNE5G7HI][H˜†

‡lLX][HXKMOILIE$J5KMLN][J5b…LNE5`MLXT5HP]dJ5bwe„OPKW^Ksc>›HÉLIGRUvE5J5][\:T5GƒKWY@?'hE5KMZdKM^KWOPQ5E5][UU7T5OIcMGRHÉKWJxG

UR`MJ…Q5OIKscMGÉLNE5`ML>`WJ:kf`MJ:LN][h][J:cWKWZ[T5LI]dKMJCKMY8LIE5G®HPLN`MJ5S5`WOPS…HIk:^Q5Z[GRU7LN][U/<A]dH“HILI`WJ5S5`MOIS!`WH

HPK8KMJ`WH®LIE5GF]dJ:cMKWZ[T5LN][KWJ][H®HILI`WJ5Sx`WOPS(`MLX]dJx™5J5][Llk8†“DFE:T5H˜r½KWJ5GF^`sk$GRª:Q€G7URL˜r½E5Ks„GRcMGROsr

HPKW^G…OIG7`WHPKWJ5`Mp5ZdG!™5J5][LNG7J5GRHPHFOPGRHPT5ZdLIHF]dJm£MhS5][^GRJ5HP][KWJ5`MZ1OPGR`MZ@HIk:^Q5Z[GRU7LN][UbWGRKM^GRLNOPk8†

{fH“LNKC`WZ[bWGRpxOI`M]dUÉHPT5OIY,`MURG7H˜r7][JLNE5][H“U7`WLIGRbWKMOIkCGE5`scWGXLIE5GY,KMZdZ[KsF]dJxbVOIG7HITxZdL>QxOIKscMGRS

][J=yn!‡l§

z†

ȋŽ

J‘’Z“$‘”

CB

QT^WRXZY¿WR—h\ š^WR`*gJdfe0^] WRg \ Q ]AD Q [ WR`*^W [ `*U \ X+df`*QTX‚ìºtnWTX [ WRXZY

U`*X+`*UWR—ÍWT—h0\ š&^WR`*g­dfe0^] WTg\ Ôo_ P \ X+e0Uš \ ^¸Q ] `*dfQRUQR^ b‹PT`*dfU g—½WTdfd \ dQ] ^ \ WT—Ídf_ ^e0g Á

_ e0^ \ d¾`*d ã XZ`*_\ ž

‡lJFE5`WLƒURKMJ5URG7OIJxHLIE5]dHf™5J5][LNGRJxGRHPHFQ5OIKMp5Z[GR^zrMLNE5GU7`WHPGCKMY3J5KMJ^][J5]d^`MZ@OI`MLN][KWJ5`MZ

HPT5OIY,`MURG7HFZdK:KWa:HFLIK=p€GLIE5G^KWHPLFURKM^Q5Zd][UR`MLNG7S`MJ5SmGRJ5][bW^`MLN][U8†ÉšCKsG7cWGROsrMKWJ5G^`sk

`WSxS(LIKLNE5GFHPT5OPY,`WU7GRHXGRJ:T5^G7OI`MLNGRS][JLNE5GFLIE5GRKMOIG7^­LNExGFnCG7Z+ÊXGR«7«RK!HITxOIY,`MURGRHX`MJ5SLNE5G

ø )4/­)/€® ø4)4(, ï±°“ø4²)-, ï Í

][H„LIOI][c:]d`MZ|r8p1GRU7`WT5HPG!KWY>LIE5G…™5J5][LNGRJxGRHPHFKWY>LIE5G…bWOPKWT5QKWY>`MT5LNKM^(KMOIQxE5]dHP^H˜†“DFE5G!Q5OPK:KWY

][JzLNE5G(UR`MHIGqKWYX§K:S5`W][OP`=S5]d^G7J5HI][KWJt…]dH!p5`MHIG7SzKWJLIE5G$ŠƒKMOIG7ZdhÎ¥5GROPOPG!™xJ5]dLIGRJ5G7HIH!Y,KWO

OPGR`WZ@HPLNOPT5U7LNT5OPGRHFKMJ ¤ŸURKMJ5J5GRU7LNG7S“©`WZ[bWG7p5OI`M]dU!Z[]dJ5G7`WOFbMOIKMT5Q5HF`WJxSLIE5GY,KWZ[Z[KsF]dJ5b'r8G7ZdZ

a:J5KsFJ“r8Q5OPKWQ1KWHP][LN][KWJ“†

ȋŒ ~“$’ZÌ͒ZÎ&ϏÐϏ’‹Ñ B QT^˜WRXZYëWT—

h0\

š&^WR`*gëdfe0^

]

WRg

\

Җԝ_ P

\FE&\

^X

\

—¾Q

]

_P

\

X+WT_e0^WT—

^ \ b‹^

\ d \

XZ_WT_`*QTX˜Q

]

{fT5L

Ó

¤wÒ ©X¸<{fT5L4ê>{fT5L

I

`*Xk·¬¸ÖðCG

H

<ëDfT5^HÒ `*d

ã

XZ`*_

\ ž

¤,šCGROPG8r‹DCT5^ HILI`WJ5SxH!Y,KMO…LNE5GDfG7OIKMJ5h¥xGRcWG7OI]Z[`WLNLI]dU7G$FEx]dUvEo]dH…LNExG(][^`WbMGqKWYÍÊ][U

][J­ÚLÂ8¤"Ò ©rê>DKWOPHÜrW{fTxL][HLNExGVbWOPKWT5QKMY@`WT5LIKW^KWOPQ5E5][HI^Hsr˜`WJxS={fT5L

I

][LNH„URKW^Q1KWJ5G7J:L

KWYLNExG]dS5G7J:LN][Llk8†[©

{fY,LIGRO(LNE5`MLÜrLIKz™5J5][HIE¬F]dLIE¬LNExGUR`MHIGKWYF§K:S5`W][OP`S5]d^G7J5HI][KWJºtw]dL$OIG7^`W][J5HqLIK

T5HPG…LNE5G][J:LNGROPQ5OPGRLI`WLN][KWJKWY“LNE5GHPGRLFKMY3U7KWJ˜–NT5bM`WU7k=URZ[`WHPHIG7HFKWY3OPGR`MZ@HILIOITxURLNTxOIG7H„`MHFLNE5G

e„`WZ[KW][H…URKME5KW^KWZ[KWbMkHPGRL¸Ú † ¤ éÍê7}

A

{CT5LÜ©Ir'FE5G7OIG({fT5L][H…OIG7bW`MOIS5G7Sz`WH…`˜éÍêR}MhHPQ5`WU7G

F][LNELNExG`WU7LN][KWJCI‚øB ôJIô ý † r€ô„p1GR][J5bw`™5ª:G7SOIG7`WZ@HPLNOPT5URLIT5OIG:r:`WJxSLIKwHPLNT5S5kHIKM^G

HPLN`WJxS5`WOPSqG7ª8`MURLÉURKME5KW^KMZdKMbWk!HIG7\8TxGRJ5U7GRHs†¤ŸD“K…`WQxQ5ZdkLIE5GFŠƒKWOPGRZ[h¥xGROPOIG®LIE5GRKMOIG7^KWJxG

HPE5KWT5Z[STxHIG:rW][J`MS5S5][LN][KWJ“rMLIE5G…yz`WLIHIT5HP`Wa˜`$LNE5G7KWOPGR^zr½FEx]dUvEHILI`WLNG7HƒLNE5`ML{CT5L

I

][H„`MJ

`WZ[bWG7p5OP`W][UFbWOPKWT5Q“rW`WJxSwLNE5G=‰E5G7cÜ`MZdZ[GRk(LNExGRKWOPGR^zrM`WU7URKMOIS5][J5bLIKqFE5][UvEwHPT5UvEw`qbMOIKMT5Q

][HF`WJmGRª:LNG7J5HP]dKMJKMY3`WJm`Mp€G7Zd][`WJc˜`WOP]dG7Llkwp:kw`Zd][J5GR`MOF`WZ[bWG7p5OI`M]dU!bWOPKWTxQ“†d©

DfKsqr3LNExGKWJxZdk—OIG7^`W][J5]dJxbzUR`MHIG=][H$LIE5`WLqKWYF^]dJx]d^`WZHITxOIY,`MURGRH$KWYƒ§K:S5`W][OP`S5]dh

^GRJ5HP][KWJ=~1r½]|†G8†[rWLNE5`MLKWY'E:k:Q€G7OIG7ZdZ[][Q5LN][U8rW`Wp1GRZ[]d`MJ“r0ð¨1r½`WJ5S=³J5OI][\:T5GRHHIT5OPY,`WU7GRHs†>DFExG

OPGR`WZHILIOIT5U7LNT5OPGRH$KWJ `Mp€G7Zd][`WJ HPT5OPY,`WURG7H¤,`MJ5S `Wp1GRZ[][`WJ c˜`WOP]dG7LN][GRH$KWYƒ`WJ:kjSx]d^GRJxHI][KWJ“©

„GROPGFLNOPGR`WLIGRS=p:k({(†1‰KW^GRHPHI`MLNLI]y[‰ z ][JwLNE5GC^]dSw}M~ Ÿž †“‡lJwY,`MURLÜrWLNExGf™5J5][LNG7J5GRHPHQx`WOPL

][HFJ5KWLFU7KW^Q5Z[]dU7`WLNG7S`MLF`WZ[Z@`WJ5SmG7`WHP]dZ[k=GRª:LNG7J5S5HVLIKE8k:Q1GROPGRZ[Zd][Q5LI]dUHPT5OPY,`WURG7H˜†

ˆxKMO~ð¨MhHPT5OPY,`WURG7H…¤Ÿ`WHV„GRZ[Z>`MHFY,KWOF{fp1GRZ[][`WJHPT5OIY,`MURG7H˜©“KWJxG!U7`WJmQ5OPKscWG!`HILIOIKMJ5bWG7O

HPLN`WLIGR^GRJ:L˜r'FE5][UvEjURZ[GR`MOIZ[k][^(QxZd][GRHLIE5GHI][^]dZ[`WO!HILI`WLIGR^GRJ:L…Y,KWO…³JxOI][\:T5GRH…HPT5OIY,`MURG7H

¤,OPGRHPQ“†[r8E:k8Q1GROPGRZ[Z[]dQ5LI]dUHPT5OPY,`WU7GRHs©N†

ȋÈ J‘’Z“$‘” LK bF_Q¼`*dfQRUQR^ bPR`*dfUÔkWHð¨

Á

dfe0^

]

WRg

\ W [

Un`*_ d˜WT_UnQTdf_

ã

X+`*_

\

—½Y

UWRX+Y

ã

X+`*_

\¦h

^QRe&b D —\

`*X WRg&_`*QTX+dfž

šfG7OIGFp:k$`bWOPKWT5Q§Z[GR][J(`MURLI]dKMJ(„GF^GR`MJ(`bMOIKMT5Q`WU7LN][J5bp:kqp1KWLNE=ExKWZ[KW^KWOPQ5E5][U

`WJxS—`MJ:LN][E5KWZ[KW^KWOPQ5E5][U^`WQ5Hs†wDFExG=bWOPKWT5Q¡][J—LIE5GwLIE5GRKMOIG7^ ][HqJ5KML™5ª:GRS“r3HIKLIE5`WL

LNExGqLNExGRKWOPGR^ HPLN`WLIGRHsr5][JQ5`MOILI]dU7T5Zd`MO˜r5LNE5`MLfLIE5GqJ:T5^$p€G7OfKWYX™xJ5]dLIGqbMOIKMT5Q5HV`MURLN][J5bwKMJ

`(bW][cWGRJ ð¨MhHPT5OPY,`WURGf]dHF™5Jx]dLIG8†DFE5G!HITxOIY,`MURG!]dJLNE5G…LIE5GRKMOIG7^Æ]dHƒJ5KML„`MHIHPT5^GRSLNK(p€G

`WZ[bWG7p5OP`W][U8†

DFE5GQ5OPK:KWY“ZdK:KWa:HFS5][Œ1GROPGRJ:LF]dJmLIE5G`WZ[bWG7p5OI`M]dU!`WJxSJxKWJm`WZ[bWG7p5OI`M]dU!UR`MHIG7H˜†n!GRLI`W][ZdH

`WOPG…bW][cWG7J][JCyn!‡l§

z† 5 GRLf^(GTxJ5S5GROPZ[]dJ5GLIE5`WLF][JmLNE5GJxKWJm`WZ[bWG7p5OI`M]dU!UR`MHIG…LIE5G^`W][J

™5J5][LNG7J5GRHPHV][J5bWOPGRSx]dG7J8Lƒ][HVURKM^]dJ5b=Y,OPKW^ LNE5Gn!][OI][UvE5Z[GRLFLNExGRKWOPkwKMY“T5Jx]dLIHV]dJm`MZdbMGRp5OP`W][U

J:T5^qp1GRO„™5G7ZdS5H„`WJxSwbW][cWG7H˜r½`WH„`p:k8hÎQ5OPK:S5T5URL˜r½LIE5G!Y,KWZ[ZdKsF][J5bOPGRHPT5Z[LC¤,FE5][UvE“rM][JFE5`ML

URKMJ5URG7OIJxH„JxKWJm`WZ[bWG7p5OI`M]dUð¨MhHPT5OPY,`WU7GRHsr½„G…S5]dSmJ5KMLF™5J5Sm][JLIE5GZd][LNG7OI`MLNT5OPG8©I†

ȋË

~“$’ZÌ͒ZÎ&ϏÐϏ’‹Ñ

2•

P \h ^QRe&bkQ] WTe0_QTUnQT^ b‹PR`*dfUd¦Q] WTX+Y¾ð¨ Á dfe0^] WRg\ `*d ã X+`*_\ —½Y

Ì1M '(*)+-,. ï/)0'213.4)ø5/)6879'

‡lJ LNE5G`MZdbMGRp5OP`W][UUR`WHPGmLNE5GjQ5OIK:KMYfKWY!DFE5G7KWOPGR^Ȩ'†¨¡Y,KWZ[Z[KsFH=^(KMOIGmLIOI`MS5]dLI]dKMJ5`WZ

Z[]dJ5G7Hf`MJ5Sm]dHCp5`WHPGRS“r5`WHP]dSxGY,OIKM^ LNExGqbWZ[KWpx`WZ@DKWOPGRZ[Zd]>LIE5GRKMOIG7^zr.KWJLIE5G™5Jx]dLIGRJ5G7HIHCKWY

LNExGfaWG7OIJxGRZ5KMY1LIE5GfJx`WLNTxOI`MZxOPGRQ5OPGRHPGRJ:LN`MLN][KWJ(KWY'{fTxL][Jw{fT5L+Ê][U$¤*Ê]d`MLNGRLIHIa:][]dhÎ¥5E5`MQ5][OIK'r

¥5E5`MY,`WOPGRc:][UvE“©>`MJ5SmLNE5G…™5Jx]dLIGRJ5G7HIHVKMY3LIE5G¥5][GRbWG7Z@Y,T5J5S5`M^GRJ:LN`MZ@Q€KMZdk:E5G7S5OIKMJ¡¤Ÿ¥5][GRbWG7Z|r

e„`WOPZ[`WJ5S“r8‹f`WbWE:T5Jx`WLNEx`WJ“rTñ—GRGRZ[GRJ:p1GROPb1©I†

N ŽO±| B0>+:9>2o+  ’¬03+8932  B-(PRQ|+>’“’325’ *H ?1B“B„S Ž

{fSxS5]dLI]dKMJ5`WZƒJ5`MLNT5OP`WZ„\:T5GRHPLN][KWJ ]dHÀOUT4WRX–WTX+Y›gfQRUob‹—

\l

XZQRX+df`*X

h

e0—½WT^8dfe0^

]

WRg

\ š \

[R\*]

QR^U

\f[

_ Q¿Wn^

\

WR—9dfe0^

]

WTg

\

p({CHX]dHXHPE5KsFJq][J­y§§

z

r7LNE5GF`MJ5HI„GRO][HX]dJ(LNE5GFJxGRbW`MLN][cWG:†

ˋŽ J‘’Z“$‘” –• P \ ^ \n\l `*dc_^`h `[ dfe0^] WRg \ diS3`*_PTQRe0_WRX+Y^ \ WT—€df_^e0g&_ e0^ \ ž

šfG7OIGjp8kOP]dbM]dS²HPT5OPY,`WURGjGz^G7`WJ `<HPT5OPY,`WU7GzE5`sc:]dJxb J5K<J5KMJ8LIOI][c:]d`MZfZ[K:UR`WZCS5GRh

Y,KWOP^`WLI]dKMJ5H˜†‡lJ<Y,`MURL˜r3LIE5GHPT5OPY,`WU7GRH][J<KWTxOGRª:`W^Q5Z[GRH$`WOPG=HILIOIKMJ5bWZ[k—OI][bW][S ¤,][J<LNE5G

HPGRJ5HPG$KMY®yzKMHILIKsq©O-ÒÁ][H…HILIOIKMJ5bWZ[kmOI][bW][Sz][Y`MJ8kmE5KM^KWLNKMQ:kG7\:T5]dc˜`MZdG7J8L!HPT5OIY,`MURGWV

][H(][HPKW^KWOPQ5E5][ULIKoG7]dLIE5GROnÒ KMOYXÒ²†—‡lJ KMT5O$QxOI][J5UR][Q5`MZ„G7ª:`W^Q5Z[GLIE5GmHIT5OPY,`WU7G][H`

éÍêˆ ? éÍêˆe„`WZ[KW][HU7KscWG7OI][J5bKMY®¾¦ÂCOP`W^][™5GRS]dJ`$U7KWJ5™xbWT5OP`WLI]dKMJwKWY>u(Z[]dJ5G7HƒS5T5`WZ'LIK

LNExG„][J5¦5G7URLI]dKMJ(Q1KW][J:LNHXKMYx`!URT5p5][U8†“‡lJ(LNE5][Hsr˜HIZ[][bWE:LÜr˜^K:S5][™5UR`MLN][KWJ(KWY€šf][OI«7GRp5OPT5UvEqU7KWJ5h

HPLNOPT5URLI]dKMJ5H(¤ŸG$HIG7ZdG7URLV`MS5S5][LN][KWJ5`MZ“OP`W^][™5UR`MLN][KWJmG7]dbME:LNHfKMJLNE5G(Z[]dJ5G7H˜©®GqURKWJ:LIOIKMZ

LNExG`WTxLNKW^KMOIQ5Ex]dHP^ bMOIKMT5Q KWYƒLNExGURKscMGROP]dJxbHPT5OPY,`WU7G8†kñ—GwQ5OPKscWG=LNEx`WLqLIE5GbMOIKMT5Q

][H!G7ª:E5`WT5HPLNG7Sop:kLIE5GS5GRUvaLIOI`MJ5HIY,KMOI^`MLN][KWJ5H!`WJ5Sr1^(KMOIG7KscWG7O˜rxLNE5GHPT5OPY,`WURG(E5`MH!JxK

`WJ:k`WJ:LN][hÎE5KWZ[KW^KWOPQ5E5][U`WTxLNKW^KMOIQ5Ex]dHP^z†„DFE5GHPLNOPKWJ5bwOP][bW][S5]dLlkY,KWZ[Z[KsFH˜r5`WHfTxHIT5`MZdZ[k8r

Y,OPKW^ LIE5G=OIG7Zd`MLN][KWJëô † ¸ ¨+ô

Â

¤ŸFE5]dUvE—][^(QxZd][GRHLIE5`WLLIE5G=T5J5][cWG7OIHP`WZÉU7KscWGROP][J5b][HLNE5G

URKM^Q5ZdG7ªwp5`MZdZl:URG7OILI`W][J5Z[k8r8LNExGHIT5OPY,`WU7GRHƒ][J\:T5G7HILI]dKMJ`MOIG…S5][Œ1GROPGRJ:LFY,OIKM^ÕMf¾¦Â8©I†

{fH`qU7KWJ5HPGR\:T5G7J5URG:rs„GfbWG7L®J5G7²URKWTxJ8LIGROGRª:`W^Q5Z[GRHLNKqLIE5G(¤ŸURKM^(QxZdG7ª@©!n!][YN¸„nCG7Y

URKMJ˜–NGRU7LNT5OPG8†“yzKMOIG…Q5OPGRU7]dHPGRZ[k8r8„G…bWG7LFLNE5GY,KMZdZ[KsF]dJxb$OPGRHPT5Z[L܆

ˋŒ ~“$’ZÌ͒ZÎ&ϏÐϏ’‹Ñ 2• P \ ^

\2\l

`*df_LdfUnQ&QR_ PÖQT^`

\

XZ_

\f[

Á UnWTX+`

]

QT—

[ d ]

QT^=S3PR`*g&PØ_ P

\

UQ

[

e0—½`-db0WRg

\

ù[Z]\^iQ

]

gfQTUb—

\l

df_^e0g&_e0^

\

diS3`*_ P

h

`*j

\

X=e0X [R\

^—½YÀ`*X

h

dfUQQT_P­df_ ^e0g

Á

_ e0^

\`_

WTX [oh

`*j

\

X­QR^`

\

X+_ WR_ `*QRXbagcQTX+df`*df_d¦Q ]4c

b0QR`*XZ_d¦`*XZ_

\

^g&PRWRX h\f[

š&Y¿gfQRUob‹—

\l

gfQTX

Á

d e h WR_ `*QRX+ž

{fY,LIGRO¥y§§

z

rvˆV†8‰`WLN`MJ5GRHPG™y[‰`

z

Y,KWT5J5SSx]dŒ1GROPGRJ:LÜrÜJxKWJ5hÎOI][bW][S“rRGRª:`W^Q5Z[GRH3KWY.Y,`W^][Zd][GRH

KWYÉHPT5OPY,`WURG7HFFE5GROPGLNExGURKM^(QxZdG7ªU7KWJ˜–NT5bM`WLI]dKMJ`MZdHPK]dJ:LIGROPUvE5`WJ5bMGRHFLIE5GURKM^Q€KMJ5GRJ:LNH

KWYLNExG^(K:S5TxZd]>HPQ5`MURG8†“šC]dHFHPT5OPY,`WURG7HF`WOPG…URKscWG7OIG7Swp:kLIE5Gp5][hS5][HPU(Ê

? Ê <¼MÍÂ:†

•

LNExGRO!URKWTxJ8LIGRO!GRª:`W^Q5Z[GRH!bW][cWG7Jz][J2y§§

z

`MOIG$Y,`WaWG$Q5OPKs–NGRU7LN][cWG$Q5Zd`MJ5GRH=¤,LIE5`WL…][H˜r

HPT5OIY,`MURG7HKWYƒbWG7J5GROP`WZLlk8Q1GwF][LNEfez¸hgi—¸~j`WJ5S–ðxÂo¸u'©N†ˆ€OIKM^ LNExGHPT5OIY,`MURG7H

URKMJ5HP]dS5G7OIG7Sw][J›y§§ z KMJ5GCU7`WJGR`WHP][ZdkKWpxLN`W][JwHPKW^G!GRª:`W^Q5Z[GRH„KWY>c˜`MOI][GRLI]dG7HNÒ KMY>`WJ:k

S5][^GRJ5HP]dKMJØì ¨mE5`sc:]dJxbLIE5G=HP`W^G=Q5OPKWQ1GROPLlk8r']l†G:†dr3c˜`WOP]dG7LN][GRHHPT5UvE¡LNE5`ML¾Ò"`MJ5S Ò X

p1GRZ[KWJ5b$LNKqSx]dHPLN][J5URL„URKM^Q€KMJ5GRJ:LNH„KWY3LNE5GC^(K:S5TxZd]'HPQ5`WU7G8†“‡lL][H„HIT9þU7]dG7J8LLNK(URKMJ5HI][S5G7O

Q5OPK:S5T5URLIH®KWY'`MJ8k$KWY1KWT5OHIT5OPY,`WU7GRHf¤ŸOI][bW][SGRª:`W^Q5Z[GRHs©'KWOXQxOIK:S5T5U7LNH®KMY'Y,`WaWGFQxOIK½–NGRURLI]dcMG