2JQPG (CZ '/CKN KPHQ"YGTCFG +PVGTPGV YYYYGTCFG YYYYGTCVQQNUEQO )$2TKPVGFKP)GTOCP[ 9GTC9GTM *GTOCPP9GTPGT)OD*%Q-) -QT\GTVGT5VTCG 9WRRGTVCN )GTOCP[ 5VCKPNGUUUVGGNMGGRUTWUV CVDC[ -GGRKPIUVCKPNGUUUVGGN TWUVHTGG 8GTUCVKNG *QYFQGUTWUVQEEWTQPUVCKPNGUUUVGGN! 6JGFGOCPFHQTUVCKPNGUUUVGGNRTQFWEVUKUITQYKPIUVGC FKN[ 9KPFQYU CPF FQQTU UKPMU CPF VVKPIU DCNEQPKGU CPFRCVKQUHGPEGUCPFHCnCFGU 5VCKPNGUUUVGGNKUWUGFKPCNOQUVCNNCURGEVUQHKPVGTKQTFG UKIPCPFCTEJKVGEVWTG *QYFQGUTWUVQEEWTQPUVCKPNGUUUVGGN!5VCKPNGUUUVGGNKUEQTTQ UKQPTGUKUVCPV*QYGXGTGZVTCPGQWUTWUVECPQEEWTKHUVCKPNGUU UVGGNKUJCPFNGFKPEQTTGEVN[6JGTGUWNVUCTGXKUWCNFCOCIG CPFHWPEVKQPCNNQUUWRVQRKVVKPIEQTTQUKQP5QVJGRTQFWEV CFXCPVCIGUCTGNQUV+PCYQTUVECUGUEGPCTKQVJKUEQWNFNGCF VQUGTKQWUUCHGV[FGHGEVUEQORNCKPVUCPFGZVTCEQUVU #FXCPVCIGQWU 5VCKPNGUUUVGGNKUXGTUCVKNGDGCWVKHWNCPFRGTHGEVN[UWKVGF VQVJGFGUKIPQHUQRJKUVKECVGFQDLGEVU6JGRTQRGTVKGUQH UVCKPNGUUUVGGNCNNQYVJGOCVGTKCNVQFGOQPUVTCVGKVUCF XCPVCIGUGXGPWPFGTFKHEWNVEQPFKVKQPU 2GTOCPGPVN[TWUVHTGG 9JCVECWUGUGZVTCPGQWUTWUV! 'ZVTCPGQWUTWUVKUECWUGFD[VQQNUOCFGHTQOEQPXGPVKQPCN UVGGN'XGPVJGJCTFGUVVQQNURTQFWEGYGCTFGDTKUVJCVNGCXGU CFJGUKXGUVGGNRCTVKENGUQPVJGUVCKPNGUUUVGGNUWTHCEG6JGUG RCTVKENGUVWTPVQTWUVYJGPGZRQUGFVQQZ[IGP 5VCKPNGUU UVGGN KU EQTTQUKQPTGUKUVCPV YJKEJ OCMGU KV CP KFGCNOCVGTKCNHQTCYKFGTCPIGQHCRRNKECVKQPU1PGQH VJGURGEKCNHGCVWTGUQHUVCKPNGUUUVGGNKUKVUCDKNKV[VQJGCN KVUGNH +H VJG UWTHCEG KU FCOCIGF KV TGIGPGTCVGU KVUGNH YJGPGZRQUGFVQQZ[IGPVJWUOCMKPIVJGOCVGTKCNRGT OCPGPVN[EQTTQUKQPTGUKUVCPV *QYECPGZVTCPGQWUTWUVDGRTGXGPVGF! 4GUKUVCPEGVQEQTTQUKQP #TGUVCKPNGUUUVGGNVQQNUUWKVCDNGHQTVJGUJQRAQQT! *KIJSWCNKV[ 8GTUCVKNKV[ &WTCDKNKV[ 'ZVTCPGQWUTWUVECPDGRTGXGPVGFD[WUKPIUVCKPNGUUUVGGN VQQNU5VCKPNGUUUVGGNTGSWKTGUUVCKPNGUUUVGGNVQQNU6JKUKUVJG QPN[YC[QHCXQKFKPIYGCTFGDTKURTQFWEGFD[EQPXGPVKQ PCNVQQNUYJKEJECWUGUGZVTCPGQWUTWUV5VCKPNGUUUVGGNVQQNU UJQWNFDGUVQTGFUGRCTCVGN[HTQOEQPXGPVKQPCNVQQNUCPF QPN[DGWUGFHQTUVCKPNGUUUVGGNUETGYU 9GTCFGXGNQRGFCURGEKCNRTQFWEVKQPRTQEGUUVQGPUWTGVJCV 9GTCUVCKPNGUUUVGGNVQQNUOGGVVJGUCOGJCTFPGUUTGSWKTG OGPVUCUEQPXGPVKQPCNVQQNU6JGVQQNUCTGXCEWWOKEGJCT FGPGFVQIKXGVJGOVJGJCTFPGUUTGSWKTGFHQTKPFWUVTKCN CRRNKECVKQPU6JGTGUWNV$GVVGTVQQNUOCFGHTQOUVCKPNGUU UVGGNHQTUVCKPNGUUUVGGN 6JGUVCKPNGUUUVGGNTCPIG 6JGCFXCPVCIGU QHDGVVGTVQQNUHQTVJGLQD 5VCKPNGUUUVGGNKP9GTCSWCNKV[ #PVKGZVTCPGQWUTWUV9GTCUVCKPNGUUUETGYFTKXGTURTQFWEGPQ YGCTFGDTKUVJCVEQWNFECWUGGZVTCPGQWUTWUV5VCKPNGUUUVGGN UETGYUCPFUWTHCEGUUVC[TWUVHTGG 6JG9GTCUVCKPNGUUUVGGNTCPIGEQODKPGUVJGCFXCPVCIGUQH UVCKPNGUUUVGGNYKVJVJGGZEGNNGPVRTQRGTVKGUQH9GTCRTQFWEVU CPFVJWUQHHGTUVJGDGUVVQQNUHQTVJGLQD 9GTCUVCKPNGUUUVGGNVQQNU -TCHVHQTOUVCKPNGUUUETGYFTKXGT 5VCKPNGUU.MG[U 5VCKPNGUUDKVU 4CRKFCRVQT5VCKPNGUU #PVKGZVTCPGQWUTWUV UJQRAQQTRTQQH6JG9GTCXCEWWOKEGJCTFGPKPI RTQEGUUIKXGUVJGVQQNVJGTGSWKTGFVQWIJPGUUCPFYGCTTGUKU VCPEGHQTJGCX[FWV[KPFWUVTKCNCRRNKECVKQPU 'HEKGPE[6JGTKUMQHGZVTCPGQWUTWUVECPDGOKPKOKUGFQPN[ D[WUKPIUVCKPNGUUUVGGNVQQNUYJGPVKIJVGPKPICPFNQQUGPKPI UVCKPNGUUUVGGNUETGYU5WDUGSWGPVFCOCIGCPFEQUVUCTG RTGXGPVGF 8CEWWOKEGJCTFGPKPI #FFKVKQPCNCFXCPVCIGUQHVJG-TCHVHQTOUVCKPNGUUUETGYFTKXGT -TCHVHQTOJCPFNG .CUGTVKRDNCFG 'HEKGPE[ -TCHVHQTOJCPFNG'TIQPQOKECNN[UJCRGFNKIJVYGKIJVOWNVK EQORQPGPV6JKUJCPFNGQHHGTUITGCVGHEKGPE[YKVJNGUUGHHQTV 5GEWTGJQNF6JGOKETQTQWIJ.CUGTVKRFTKXGGPFGPUWTGUC TOJQNFKPVJGUETGYCPFRTGXGPVUCEEKFGPVCNUNKRRKPIQWV QHVJGUETGYJGCF 5GEWTKV[ 5ETGYFTKXGTHQTUNQVVGFUETGYU 2*5ETGYFTKXGTHQT2JKNNKRUUETGYU 5ETGYFTKXGTHQT614:UETGYU 5ETGYFTKXGT5GV TCEM #RRNKECVKQP(QTUNQVVGFUETGYU $NCFG 4QWPFUVCKPNGUUUVGGN 6KR &+0#+51.CUGTVKR *CPFNG -TCHVHQTOYKVJCPVKTQNNRTQVGEVKQPOWNVKEQORQPGPV #RRNKECVKQP(QT2JKNNKRUUETGYU $NCFG 4QWPFUVCKPNGUUUVGGN 6KR &+02*+512*.CUGTVKR$NCEM2QKPV *CPFNG -TCHVHQTOYKVJCPVKTQNNRTQVGEVKQPOWNVKEQORQPGPV #RRNKECVKQP(QT614:UQEMGVUETGYU $NCFG 4QWPFUVCKPNGUUUVGGN 6KR 614: *CPFNG -TCHVHQTOYKVJCPVKTQNNRTQVGEVKQPOWNVKEQORQPGPV #RRNKECVKQP(QTUNQVVGF2JKNNKRUCPF 2Q\KFTKX UETGYU %QPVGPVRKGEGUUGVKPFKURNC[ECTVQP TCEM %QFG OO OO OO OO OO KPEJ KPEJ OO OO OO KPEJ OO OO OO KPEJ 2* 6: 2* 6: 2* 6: 2* 6: 6: 6: 6: 6: 6: %QFG %QFG PQ.CUGTVKR 5ETGYFTKXGTHQTUNQVVGFUETGYU 2<5ETGYFTKXGTHQT2Q\KFTKXUETGYU %QFG ZZZ ZZZZZZ ZZZ 2< Z2<ZZ2<Z 2Q\KFTKXTGIVTCFGOCTMQH'WTQRGCP+PFWUVTKCN5GTXKEG.VF 5ETGYFTKXGT5GV TCEM 5ETGYFTKXGT5GV TCEM #RRNKECVKQP(QTUNQVVGFUETGYU $NCFG 4QWPFUVCKPNGUUUVGGN 6KR &+0#+51.CUGTVKR *CPFNG -TCHVHQTOYKVJCPVKTQNNRTQVGEVKQPOWNVKEQORQPGPV #RRNKECVKQP5WKVCDNGHQT2Q\KFTKX UETGY $NCFG 4QWPFUVCKPNGUUUVGGN 6KR +512<.CUGTVKR *CPFNG -TCHVHQTOYKVJCPVKTQNNRTQVGEVKQPOWNVKEQORQPGPV %QFG OO OO OO OO OO KPEJ KPEJ %QFG 2< OO OO OO KPEJ %QFG 2< %QFG 2< 2< 2Q\KFTKXTGIVTCFGOCTMQH'WTQRGCP+PFWUVTKCN5GTXKEG.VF #RRNKECVKQP(QTUNQVVGFCPF2JKNNKRUUETGYU %QPVGPVRKGEGUUGVKPFKURNC[ECTVQP TCEM PQ.CUGTVKR L #RRNKECVKQP(QTUNQVVGF2JKNNKRUCPF 2Q\KFTKX UETGYU %QPVGPVRKGEGUUGVKPFKURNC[ECTVQP TCEM ZZZ ZZZZZZ ZZZ PQ.CUGTVKR 2* Z2*ZZ2*Z ZZZ ZZZ 2* Z2*ZZ2*Z 2< Z2<ZZ2<Z 2Q\KFTKXTGIVTCFGOCTMQH'WTQRGCP+PFWUVTKCN5GTXKEG.VF M 5ETGYFTKXGT5GV TCEM 65$KVU 65$KVU 65614:$KVU #RRNKECVKQP614:CPF2Q\KFTKX UETGYU %QPVGPVRKGEGUUGVKPFKURNC[ECTVQP TCEM #RRNKECVKQP(QT2JKNNKRUUETGYU JGZCIQP&+0%+51 &TKXG 6KR &+02*+512*UVCKPNGUUUVGGN #RRNKECVKQP(QTJGZCIQPUQEMGVUETGYU JGZCIQP&+0%+51 &TKXG 6KR *GZ2NWUUKOKNCTVQ+51UVCKPNGUUUVGGN #RRNKECVKQP(QT614:UQEMGVUETGYU JGZCIQP&+0%+51 &TKXG 6KR 614: %QFG %QFG 2< Z2<ZZ2<Z 614: Z6:ZZ6:Z Z6:ZZ6:Z 2Q\KFTKXOCTECTGIKUVTCFCFG'WTQRGCP+PFWUVTKCN5GTXKEG.VF OO KPEJ %QFG OO KPEJ %QFG OO KPEJ 2* 6: 2* 6: 2* 6: 6: 6: 6: 6: 6: 6: $KVUHQTUNQVVGFUETGYU OO 65$KVU #RRNKECVKQP(QTUNQVVGFUETGYU JGZCIQP&+0%+51 &TKXG 6KR &+0%+51UVCKPNGUUUVGGN #RRNKECVKQP5WKVCDNGHQT2Q\KFTKX UETGYU JGZCIQP&+0%+51 &TKXG 6KR &+02<+512<UVCKPNGUUUVGGN %QFG OO OO KPEJ N OO %QFG OO KPEJ 2< 2< 2< 2Q\KFTKXOCTECTGIKUVTCFCFG'WTQRGCP+PFWUVTKCN5GTXKEG.VF O $%$KV%JGEM 6<#614:$KVUYKVJEGPVTCNRKP 2-..QPI#TO$CNNRQKPV*GZ-G[OGVTKE $KV JQNFGT 4CRKFCRVQT - UVCKPNGUU UVGGN YKVJ SWKEMTG NGCUGEJWEMVQUWKVOQUVRQRWNCTRQYGTVQQNUQTHQTWUGKPGNGEVTQPKE FTKNNU #RRNKECVKQP(QT614:YKVJDQTGJQNG JGZCIQP&+0'+51+51 &TKXG 6KR 614:YKVJEGPVTCNRKPUVCKPNGUUUVGGN %QFG %QFG KPEJ 6: 6: 6: 6: 6: 6: - ZZ 65 2* Z2*ZZ2*Z Z2*Z 65 ZZZZ ZZZZ %QFG $%$KV%JGEM $%$KV%JGEM $KV JQNFGT 4CRKFCRVQT - UVCKPNGUU UVGGN YKVJ SWKEMTG NGCUGEJWEMVQUWKVOQUVRQRWNCTRQYGTVQQNUQTHQTWUGKPGNGEVTQPKE FTKNNU $KV JQNFGT 4CRKFCRVQT - UVCKPNGUU UVGGN YKVJ SWKEMTG NGCUGEJWEMVQUWKVOQUVRQRWNCTRQYGTVQQNUQTHQTWUGKPGNGEVTQPKE FTKNNU GF ZZ 652* Z2*Z 652< Z2<Z Z2<Z 65614: Z6:ZZ6:Z Z6:ZZ6:Z Z6:Z %QFG OO OO OO KPEJ KPEJ 2-. ZZZZZZ ZZZZZZ ZZZZZZ YKVJSWKEMTGNGCUGEJWEMVUHQT$KVU9GTCUGTKGUCPF &TKXG 6KR -4CRKFCRVQT7PKXGTUCN$KV*QNFGT% ' &+0&( &+0' %QFG %QFG - %QFG #RRNKECVKQP(QTJGZCIQPUQEMGVUETGYU $NCFG 5VCKPNGUUUVGGN 6KR *GZ2NWUUKOKNCTVQ+51DCNNRQKPVJGZCIQPQP NQPICTO /GVTKERKGEGUKPTWDDGTENKR OO 2-.*GZ-G[5GV - ZZ <#614: Z6:ZZ6:Z Z6:ZZ6:Z Z6:ZZ6:Z 652< Z2<ZZ2<Z Z2<Z KPEJ OO KPEJ KPEJ OO GG