SlideShare a Scribd company logo
1 of 24
Download to read offline
!
!!!"#$%&'($&)*$%"+,)-
!
.&(&-/',)%0+1(!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!!!!!!
!!!!!!
!"#$!"#%&'()*+,%!",+-%./0'*+,%%
%
!"#$%&#'()*"+,#
-./+0"/*+&,/*1#.21*3&4#$/&50"2&+6#7*1*62&*8#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
!
!
!!
"#$%%&!'()*+,-.!/01&!234+&!5+-4!6+)+3!
!
!
!
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#=#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
!"#"$"%&'("$"&
&
&
<; >?@A?@BCB@#$7$7### # # # # <#
=; '0D&/+*2#C*1(E#C&3*#F(G(/#>03&G&"*/#.21*3#C&H0"*1## # I#
I; .2(J.2(#'0/+"*1#.21*3#C&H0"*1## # # # # K#
K; '0G(1*"&2*2&#!*/#'0G(1*"&230## # # # # L#
L; >1("*1&230#B%*3*## # # # # # M#
N; B1JO("*/#?P&2&#Q"&+&2## # # # # # <L#
R; 90"30/0(+&G*### # # # # # <N#
S; T03&/&230## # # # # # # <M#
M; >0/(+(D## # # # # # # =U#
<U; VB!B@AB@#WBVBB@#CB@X$Y## # # # =K#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#I#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
Sepintas Lalu: Lima Rukun Pemikiran Islam Liberal
##
12%&345.67!&83#
>03&G&"*/#.21*3#C&H0"*1#30/%*+*G*/#20G(1*"&230#+&P*G#H0"4*/%%*)#3*1*)#20H*)*%&*/#P*"&#.21*3;##
#
92%:.576.!&83%6;686#
'03(*# *%*3*# *P*1*)# 2*3*# P&# 3*/*# 203(*/6*# 30/(Z(# G0D*P*# +()*/# 6*/%# 2*+(;# >0"H0[**/#
)*/6*#D*P*#4*"*#2*3D*&#G0D*P*#+()*/#+0"20H(+;#B%*3*#.21*3#P*/#H(G*/#.21*3#*P*1*)#20+*/P&/%#
P*/#2*3*J2*3*#H0/*";#
#
<2%6.$=576>%?675%3@!&!%47!A!&%#
B1JO("*/#6*/%#*P*#D0"1(#P&0P&+#G0"*/*#P&G*+*G*/#303D(/6*&#G02*1*)*/#P*/#D0"1(#P&/&1*&#204*"*#
G"&+&2;#
#
B2%C3783>35A!46%#
>0/+*2&"*/# 203(1*# *1J
D0/+*2&"*/#W&H10;#'0H*%*&3*/*#H&H10#P&G*Z&]#P&#3*/*#*6*+J*6*+#6*/%#H0/*"#4(H*#P&*2&/%G*/#P*"&#
6*/%#2*1*)]#+0G2#*1J
&/&#+0G2#*1JO("*/#+&*P*#H0[*/6*#P0/%*/#+(1&2*/J+(1&2*/#1*&/#P*/#+&P*G#)*"(2#P&3(1&*G*/#G0"*/*#&*/6*#
3(/%G&/#30/%*/P(/%&#G02&1*D*/;#
#
D2%E38!>!&83%#
>0"Z(*/%*/#(/+(G#30/6*3*G*/#101*G&#P*/#^*/&+*#P&#20%*1*#20%&;#!&#*/+*"*#+(/+(+*//6*E##
#
*8#C01*G&#D0"1(#H0"&PP*)#201*3*#<IU#)*"&#20H*%*&3*/*#^*/&+*#H0"&PP*);##
H8#_*/&+*#P&H0"&#G(*2*#30/Z*+()G*/#+*1*G##
48#>03H*)*%&*/#D(2*G*#2*3*#P&#*/+*"*#*/*G#101*G&#P*/#^*/&+*##
P8#>,1&%*3&#*P*1*)#+&P*G#2*);#
%
%
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#K#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
%
!"#$!"#%&'()*+,%@+,+-%:'-/F/*+(%!",+-%./0'*+,G%4'"%!(HI('"/+%@+(%
:'(J+K+*+((L+%5()#F%8+,+L"/+M#
#
`10)E#!"#$%&#'()*"+,]#-./+0"/*+&,/*1#.21*3&4#$/&50"2&+6#7*1*62&*8#
#
#
12%:'(H+N#,#+(%
##
.2+&1*)#a.21*3#C&H0"*1a#D0"+*3*#G*1&#P&%(/*G*/#,10)#D*"*#D0/(1&2#W*"*+#20D0"+&#C0,/*"P#W&/P0"#!"##P*/#
V)*"102#Q("[3*/#!$#%#@*3(/#P*1*3#G,/+0G2#./P,/02&*#*P*#H(G(#G)(2(2#6*/%#P&+(1&2#,10)#A"0%#W*"+,/#
D*P*#+*)(/#<MML#30/%0/*&#G03(/4(1*/#D03&G&"*/#1&H0"*1#P&#G*1*/%*/#D03&G&"#./P,/02&*#-I8;#W(G(#&/&#
G03(P&*//6*# P&+0"Z03*)G*/# P*1*3# H*)*2*# ./P,/02&*# P0/%*/# +*Z(G# a&'(')'*+ ,)-'.+ /0123'-+ 40+
,*45*2)0'6+ 72.0803'*+ 925.5423*0).2+ 9:3;<5-0)+ ='4>04?+ @>5<'*+ ABB2*40?+ C<.'4+ D'<01?+ 4'*+
C14:33'<.'*+D'<04E]#6*/%#P&+0"H&+G*/#*+*2#G0"Z*2*3*#>*"*3*P&/*]#b*6*2*/#BP&G*"6*#.G*D&#P*/#
T,"P# T,(/P*+&,/# D*P*# +*)(/# <MMM;# >03&G&"*/# .21*3# 1&H0"*1]# 6*/%# H&*2*# P&2&/%G*+# 20H*%*&# c.21&Hc]#
G03(P&*/#P&D,D(1*"G*/#,10)#2*+(#G(3D(1*/#D*"*#D03(P*#P0/%*/#30/(H()G*/#2*+(#"*/%G*&*/#
G0"Z*2*3*#P&#P*1*3#P*/#P&#1(*"#/0%*"*]#6*/%#30"0G*#/*3*G*/#20H*%*&#cX*"&/%*/#.21*3#C&H0"*1c#-X.C8;#
##
BD*#6*/%#*G*/#P&D*D*"G*/#P*1*3#G0"+*2#&/&#*P*1*)#H0H0"*D*#&2(#D,G,G#P*1*3#D03&G&"*/#
.21*3#1&H0"*1# 6*/%# H0"G03H*/%# P&#./P,/02&*;# 703*/%# +0"1&)*+# Z01*2# H*)*^*# D03&G&"*/JD03&G&"*/#
1&H0"*1# 6*/%# P&1,/+*"G*/# ,10)# %,1,/%*/# &/&# 30"(D*G*/# D0/60"*D*/# P*/# D0/%*"()# P*"&# &2(J&2(#
D03&G&"*/# 6*/%# H0"G03H*/%# P&# P(/&*# W*"*+;# >",202# D03H*"*+*/# P*/# %1,H*1&2*2&# G(1+("*1# 6*/%#
H0"Z*1*/#P&#./P,/02&*#201*3*#&/&#+01*)#301*)&"G*/#%,1,/%*/#D03&G&"#6*/%#30"*2*#20102*#P0/%*/#
D03&G&"*/#*%*3*#20D0"+&#6*/%#+0"Z*P&#P&#W*"*+;#.21&H#G&/&#30/Z*P&#2*+(#1*%&#Z0/+0"*#%1,H*1&2*2&]#H(G*/#
P*1*3#H&P*/%#0G,/,3&]#+*D&#P*1*3#H&P*/%#*%*3*;#'0D0"+&#Z(%*#/*2&H#*%*3*J*%*3*#P&#W*"*+]#.21&H#
)0/P*G#30/Z*P&G*/#.21*3#2*3*#20D0"+&#Q"&2+&*/#*+*(#b*)(P&#P&#W*"*+#6*/%#+(/P(G#P0/%*/#G0)&P(D*/#
P(/&*^&]# P0/%*/# 4*"*# 303H0H*2G*/# (3*+# .21*3# P*"&# *Z*"*/J*Z*"*/# .21*3# 6*/%# +(1&/# 30/0"(2&#
+*2&"*/#*+*(#D0"(H*)*/#*Z*"*/#.21*3#&+(#20/P&"&#20)&/%%*#202(*&#P0/%*/#2010"*#P*/#*%0/P*#W*"*+;#
9*1# &/&# 202(*&# P0/%*/# 3,++,# P*/# 26&*"# X*"&/%*/# .21*3# C&H0"*1# -X.C8# P&# ./P,/02&*# &*&+(# a.21*3# b*/%#
703H0H*2G*/a;#>03H0H*2*/#6*/%#D0"+*3*]#20D0"+&#6*/%#+0"Z*P&#P&#P(/&*#W*"*+]#*P*1*)#30/0"(2&#
D",202#20G(1*"&2*2&#P*/#20G(1*"&230#6*/%#H0"4&+*J4&+*#303H0H*2G*/#(3*+#3*/(2&*#P*"&#D0/%*"()J
D0/%*"()#*1*3#",)*/&;#
##
#
#
#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#L#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
92#&'F#,+*/"+"/%@+(%&'F#,+*/"-'#
##
'0Z*G# D0"3(1**/# +*)(/# <MRU# &2(# 20G(1*"&2*2&# P&# ./P,/02&*# +01*)# P&1*/4*"G*/# ,10)# 20,"*/%# 2*"Z*/*#
*%*3*# 6*/%# H0"/*3*# !"2;# @("4),1&2# 7*PZ&P# 6*/%# G0+&G*# &+(# 30/Z*^*+# 20H*%*&# Q0+(*# $3(3#
>0/%("(2#W02*"#9&3D(/*/#7*)*2&2^*#.21*3#-97.8;#!*1*3#(4*D*//6*#D*P*#=)H#X*/(*"&#<MRU#6*/%#
H0"+*Z(G#aQ0)*"(2*/#>03H*)*"(*/#>03&G&"*/#.21*3#P*/#7*2*1*)#./+0%"*2&#$3*+]#H0%&+(#Z(%*#P*1*3#
*"+&G01/6*# 6*/%# 1*&/# 6*/%# H0"+*Z(G# a'0G*1&# C*%&# Y0/+*/%# '0G(1*"&2*2&a]# V*G# @("]# /*3*# D*/%%&1*/#
@("4),1&2]#+01*)#303D0"G0/*1G*/#&2+&1*)#a20G(1*"&2*2&a#G0D*P*#3*26*"*G*+#.21*3#./P,/02&*#P0/%*/#
30/P*G^*#H*)*^*#20G(1*"&2*2&#+&P*G1*)#P&3*G2(PG*/#D0/0"*D*/#20G(1*"&230;#W*)G*/#30/("(+/6*#
D",202# 20G(1*"&2*2&# &+(# 30"(D*G*/# D",202# .21*3&# 20D0"+&# +0"G*/P(/%# P*1*3# D0"3(1**/# G*1&3*)#
26*)*P*)#-C*#..*)*;;;8#&+(#20/P&"&;#W01&*(#P0/%*/#Z01*2#30/%*+*G*/#H*)*^*]#aB%*3*#.21*3#H&1*#P&+01&+&#
H0/*"JH0/*"#P&3(1*&#P0/%*/#D",202#20G(1*"&2*2&#10H&)#P(1(;#X(2+0"(#*Z*"*/#cY*()&Pc#&+(#30"(D*G*/#+&+&G#
+,1*G#D",202#20G(1*"&2*2&#H02*"JH02*"*/a;#
##
>0/P*D*+/6*# 6*/%# */0)# P*/# 30/%01&"(G*/# &+(# +01*)# 30/P*D*+# H*/+*)*/# G0"*2# 204*"*#
&13&*)#,10)#>",;#!";#9;7;#F*2Z&P&]# 6*/%#G0+&G*#&+(#30/Z*^*+#20H*%*&#D",02,"#./2+&+(+# B%*3*#.21*3#
@0%0"&#-.B.@8;#!*1*3#2*+(#H(G(/6*#6*/%#H0"+*Z(G#aQ,"0G2&#Y0")*P*D#!"2;#@("4),1&2#7*PZ&P#Y0/+*/%#
'0G(1*"&2*2&a#6*/%#+0"H&+#+*)(/#<MR=]#>",;#F*2Z&P&#30/6*+*G*/#H*)*^*#@("4),1&2#+01*)#30/%%(/*G*/#
D0"G*+**/# 20G(1*"&2*2&# 1*/+*2# 303H0"&G*/# 0"+&# 203*)(/6*# 20/P&"&]# D*P*)*1# &2+&1*)# 20G(1*"&2*2&# P*/#
20G(1*"&230#&+(#*P*1*)#&2+&1*)#6*/%#2(P*)#Z01*2#P*"&#20%&#3*G/*/6*]#P*/#G0P(*JP(*/6*#+&P*G#H,10)#
P&D&2*)G*/;# '0,1*)J,1*)# @("4),1&2# &/%&/# 30/(/Z(GG*/# G0D*P*# 3*26*"*G*+# .21*3# P&# ./P,/02&*#
H*)*^*#D",202#20G(1*"&2*2&#&+(#+&P*G#20302+&/6*#H0"2&*+#/0%*+&#P*1*3#D*/P*/%*/#.21*3;#W*)G*/#
20G(1*"&2*2&#&+(#30/Z*P&#202(*+(#6*/%#2*/%*+#20H*+&#P0/%*/#.21*3]#G0"*/*#*G*"#20G(1*"&2*2&#&+(#2(P*)#
*P*#D*P*#G*1&3*)#+*()&P#&+(#20/P&"&;#!F##
##
'0H0/*"/6*#@("4),1&2#7*PZ&P#+01*)#+0"D0/%*"()#P0/%*/#4*"*#*/*1&2&2#9*"506#V,d# !G##P*"&#
G*1*/%*/#D03&G&"#Q"&2+&*/#6*/%#30/%*+*G*/#H*)*^*#*G*"#20G(1*"&2*2&#&+(#2(P*)#*P*#P*1*3#*Z*"*/J
*Z*"*/#W&H10;#V*G#@("#303*/%#303H*4*#G*"6*#9*"506#V,d]#H<2+I2;:-'3+J0KL]#6*/%#+0"H&+#+*)(/#<MNL#
P*/#G0+&G*#&+(#30/Z*P&#H02+J20110"#P&#B30"&G*;#@("4),1&2#G03(P&*/#30/%*3H&1#%*%*2*/#(+*3*#V,d#
&+(# (/+(G# P&+0"*DG*/# D*P*# .21*3;# @*3(/# H01&*(# +&P*G# 303H0"&+*)(# 3*26*"*G*+# *^*3# H*)*^*#
%*%*2*/#20G(1*"&2*2&#&+(#*P*1*)#P&4&D1*G#P*"&#D03&G&"*/#9*"506#V,d;#
#
!&#2&/&1*)#G0"401*"(*/#D03&G&"*/#V*G#@("#6*/%#+01*)#30/4*3D("J*P(GG*/#*/+*"*#&2+&1*)#6*/%#
303D(/6*&#3*G/*#6*/%#2(P*)#Z01*2#P0/%*/#D0/%0"+&*/#H*)*2*#203*+*J3*+*;#!&#2&/&#Z(%*#+01*)#
+0"1&)*+# *P*/6*# (2*)*J(2*)*# (/+(G# 30/Z(/%G&"JH*1&GG*/# 3*G/*J3*G/*# &13&*)# 6*/%# 2(P*)#
c02+*H1&2)0Pc# P*/# Z01*2# 20"+*# 30/%01&"(G*/# ,"*/%# *^*3# P0/%*/# D0/%0"+&*/# H*"(# +*/D*#
+*/%%(/%Z*^*H#&13&*)#2*3*#20G*1&;#
##
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#N#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
`10)# &+(# +&P*G# */0)# *D*H&1*# >",;# F*2Z&P&# 6*/%# 303*/%# 2(P*)# 1*3*# H0"%01(+# P*1*3#
G0)&P(D*/#&13&*)#30/6&/P&"#@("4),1&2#7*PZ&P#3(P*#P0/%*/#G*+*JG*+*/6*E#
##
D'-':M:*+)'L'+)2*4030+B'<'.+1'<')'+,*((230)+):4'<+<'.M03+)2.2*>'8+FN+K'<:*+L'*(+-'-:+
4'*+M23*'<+.2*('>'3+4'-'.+)21:'<+O*0P23)0K0+42*('*+1'<')'+,*((230)?+*'.:*+)'L'+K04'8+123'*0+
.2.'8)'8'*+ ):'K:+0)K0-'<+ L'*(+ ):4'<+ .2*>'40+:.:.+ 4'-'.+ 4:*0'+0-.:+ M2*(2K'<:'*%+ Q'(0+ @3)%+
9:3;<5-0)+='4>04?+)28:-'30)')0+23K0*L'+.2*('*(('M+4:*0'+0*0+'32*'+82(0'K'*+.'*:)0'?+K04'8+'4'+L'*(+
K'1:?+K04'8+'4'+L'*(+)'83'-%+R'<'.+0*0+'4'-'<+B'<'.+L'*(+)'-'<+4'*+'8'*+.2*L21'18'*+'801'KS
'801'K+L'*(+)'*('K+12)'3+4'*+K04'8+80K'+<'3'M8'*; #!T#+
##
@("4),1&2#3(P*#"(D*/6*#+&P*G#3*)(#303D0"P(1&G*/#/*2&)*+#>*G#F*2Z&P&;#>*P*#IU)H#`G+,H0"#
<MR=]#@("4),1&2#20G*1&#1*%&#303H0/+*/%G*/#G0"+*2#G0"Z*#P&#Y*3*/#.23*&1#7*"[(G&#-Y.78#P0/%*/#+*Z(G#
a70/60%*"G*/# T*)*3# Q0*%*3**/# P&# Q*1*/%*/# $33*+# .21*3# ./P,/02&*a;# BD*H&1*# >",;# F*2Z&P&#
303H*4*#P*/#30/P0/%*"#30/0"(2&#G020+#40"*3*)#V*G#@("#&+(]#3*G*#+&3H(1#"*2*#26*G#P*/#4("&%*#
P*1*3#P&"&#>*G#F*2Z&P&;#W01&*(#30/%*+*G*/E#
##
I2K2-'<+)'L'+.2.1';'+4'*+.2*42*('38'*+;23'.'<+@3)%+9:3;<5-0)+40+H'.'*+,).'0-+='3U:80+
K23)21:K?+ 123:1'<-'<+ ('.1'3'*+ )'L'+ K2*K'*(+ 12-0':%+ &'.1'3'*+ )'L'+ L'*(+ 1'3:+ 0K:+ 1:8'*-'<+
('.1'3'*+)253'*(+.:4'+L'*(+M2*:<+3')'+('03'<+K23<'4'M+,)-'.+4'*+0*(0*+.2.M23K'<'*8'**L'?+
'8'*+ K2K'M0+ M'4'+ K0*(8'K+ )28'3'*(+ ;:8:M+ )'L'+ 8'K'8'*+ 1'<'V'+ 42*('*+ )0*(8'K+ 82)'*+ )'L'+
'4'-'<6+)'L'+40<0*(('M0+3')'+;:30('% !W#+
++
!*1*3# G0203D*+*/# 6*/%# 1*&/]# 20+01*)# 30/%*/*1&2&2# (/%G*D*/J(/%G*D*/# V*G# @("]# >*G#
F*2Z&P&# 30"*2*G*/# H*)*^*# @("4),1&2# 20,1*)J,1*)# 30^*G&1&# ,"&0/+*1&2# 6*/%# +&P*G# 303D(/6*&#
)(H(/%*/#Z&^*#P0/%*/#.21*3;#Q*+*#H01&*(E#
##
@2*('*+ .2*;'*K:.8'*+ K0('+ M'3'(3'M<+ 40+ 'K')?+ )'L'+ .23')'+ )2'8'*S'8'*+ )'L'+
123<'4'M'*+42*('*+)253'*(+)'3>'*'+Q'3'K+L'*(+)'.'+)28'-0+K04'8+.2.M:*L'0+<:1:*('*+1'K0*+
42*('*+,)-'. !X#+
++
>*P*#H*)*%&*/#a>0/(+(Da#G,30/+*"/6*#&+(]#>*G#F*2Z&P&#30/6&3D(1G*/#D03&G&"*/#@("4),1&2#
3(P*# G0+&G*# &+(# 20H*%*&# D03&G&"*/# 6*/%# H01(3# 3*+*/%]# 30/+*)# 20"+*# +&P*G# 3030/()&# 26*"*+#
20H*%*&#D03H*)*"(#P*1*3#.21*3;#W(G*/#)*/6*#&+(]#H*)G*/#D03&G&"*/JD03&G&"*/#V*G#@("#&+(#2*/%*+#
H0"H*)*6*#P*/#)*"(2#P&^*2D*P*&;#Q*+*#>*G#F*2Z&P&E#
##
@2*('*+82K23'*('*S82K23'*('*+40+'K')+4'M'K+)'L'+)0.M:-8'*+1'<'V'+)2('-'+M2.0803'*+
@3)%+9:3;<5-0)+4'*+82-5.M58+M2.1'<'3:'**L'?+.23:M'8'*+B0803'*SB0803'*+53'*(+L'*(+12-:.+.'K'*(+
4'*+ K04'8+ .2.2*:<0+ )L'3'K%%%%%%%H23'*(+ )28'-0+ 1'<'V'+ B0803'*+ @3)%+ 9:3;<5-0)+ '4'-'<+ 1231'<'L'+
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#R#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
82M'4'+ :..'K+ ,)-'.+ ,*45*2)0'?+ 823'*'+ B0803'*SB0803'*+ 0K:+ .2*:>:+ 82M'4'+ )28:-'30)')0%+ =:4'<S
.:4'<'*+80K'+)2-'-:+123V')M'4'% !Y#+
##
@*3(/#2*6*/%#%,1,/%*/#D0/P,G,/%#D03&G&"*/#.21*3#1&H0"*1#10H&)#2(G*#30/P0/%*"#%*%*2*/#
V*G# @("# 6*/%# G01&"(# &+(# P*"&D*P*# /*2&)*+# >*G# F*2Z&P&# 6*/%# 204*"*# &13&*)# P*/# *G*P03&G# 10H&)#
H0"+*/%%(/%Z*^*H;#X*/%G**/#>* *)*3#&/&#*P*1*)#*)*3#6*/%#2*1*)#P*/#*G*/#
30/60H*HG*/# *G&H*+J*G&H*+# 6*/%# 2*/%*+# H # G&/&# +01*)# 30/Z*P&#
G0/6*+**/#*D*H&1*#%0/0"*2&#3(P*#20+01*)#H0"1*1(/6*#[*3*/#V*G#@("]#G)(2(2/6*#6*/%#H0"%*H(/%#
P*1*3#X*"&/%*/#.21*3#C&H0"*1#-X.C8]#P0/%*/#D0/()#203*/%*+#30/6*)(+#G03H*1&#20"(*/#20G(1*"&2*2&#
V*G#@("#P*/#H*)G*/#30/P,G,/%#D03H0/+(G*/#/0%*"*#20G(1*"#+*/D*#20%*/#P*/#2&1(;#Q,,"P&/*+,"#
X.C]#$1&1# BH2*"JBHP*11*#30/%*+*G*/E#a.21*3#C&H0"*1#H&2*#30/0"&3*#H0/+(G#/0%*"*#20G(10";;;#20H*H]#
/0%*"*#20G(10"#H&2*#30/*3D(/%#0/0"%&#G02*10)*/#P*/#0/0"%&#G03*G2&*+*/#20G*1&%(2;a-<U8#
##
!";#!0//6#XB]#20,"*/%#1*%&#*G+&5&2#.21&H#-2&/%G*+*/#.21*3#C&H0"*18#30/6*+*G*/E#
##
EI:4'<+ )''K*L'+ 85.:*0K0+ ,)-'.+ /0123'-+ 40+ ,*45*2)0'+ .2*(2.1'*(8'*+ )21:'<+ K25-5(0+
K23)2*4030+L'*(+)'<+)2;'3'+):1)K'*)0+4'*+.2K545-5(0?+L'0K:+H25-5(0+,)-'.+/0123'-%+,*0+)21:'<+B0-)'B'K+
82'('.''*+L'*(+123)'*4'3+M'4'+K28)+4'*+K3'40)0+,)-'.+)2*4030?+L'*(+.2.1230+M2.12*'3'*+M'4'+
)21:'<+8:-K:3+-0123'-%+@'-'.+M5-0K08?+K25-5(0+0K:+.2*>'40+H25-5(0+92('3'+I28:-23+!H9I#?+L'0K:+)21:'<+
B0-)'B'K+82'('.''*?+L'*(+.2*(('-0+4'30+K28)+4'*+K3'40)0+,)-'.?+L'*(+M'3'-2-+'K':+.2.12*'38'*+
M23-:*L'+)21:'<+*2('3'+L'*(+)28:-23+)28'-0(:)+42.583'K0)%E!""#+
+#
7*2*1*)# .21*3# P*/# 20G(1*"&230# &/&# 2(P*)# D*/Z*/%# 10H*"# P&G03(G*G*/# ,10)# >",;# !";# '60P#
7()*33*P#@*e(&H#*1JB++*2#P*1*3#H(G(/6*#a.21*3#*/P#'04(1*"&23a#6*/%#P&+0"H&+G*/#,10)#B/%G*+*/#
W01&*#.21*3#7*1*62&*#-BW.78#+*)(/#<MRS;#!"$#+
Q02&3D(1*/# H01&*(# &*1*)# 20G(1*"&230# 303(2()&# .21*3# P*/# D",202# 20G(1*"&2*2&# 303*/%#
P&+(Z(G*/# (/+(G# 301*^*/# .21*3;# `10)# 20H*H# &+(# &2+&1*)J&2+&1*)# 20D0"+&# 20G(1*"&230]# 20G(1*"&2*2&]# P*/#
20G(1*"# &+(# 20/P&"&# +&P*G# H,10)# P&)(H(/%G*/# P*/# P&G*&+G*/# P0/%*/# .21*3;# W*)G*/# +0"Z03*)*/#
D0"G*+**/#20G(1*"&230#P*1*3#H*)*2*#B"*H#20D0"+&#c&13*/&66*)c#*+*(#c*13*/&66*)c#*P*1*)#+&P*G#+0D*+#
2*3*#20G*1&]#G0"*/*#+&P*G#*P*#D*P*/*//6*#P*1*3#G,/20D2&#.21*3;#W0%&+(#Z(%*#D03&G&"#.21*3#6*/%#
1*&/#20D0"+&#>",;#!";#b(2(#*1JO*"*P*^&]#30/6*+*G*/#D0/P*D*+#6*/%#2*3*#H*)*^*#20G(1*"&230#P*/#
20G(1*"&2*2&#&+(#H0"4*/%%*)#P0/%*/#.21*3#P*/#*G*/#20/+&*2*#H0"G,/"*/+*2&#P0/%*/#.21*3]#20D0"+&#
P&/6*+*G*/#P*1*3#H(G(#H01&*(#a*1J.21*3#^*#*1Jc.13*/&66*)#_*Z)*/#1&#_*Z)&/a;#!"Z##Q0201*"*2*/#P(*#
D03&G&"#*%(/%#7(21&3#&/&]#!"F##P&+*3H*)#1*%&#P0/%*/#)(Z*)J)(Z*)#>*G#F*2Z&P&#P*1*3#30/6*/%%*)#
@("4),1&2#7*PZ&P#20H01(3#&+(]#20D*+(+/6*#30/Z*P&#D0%*/%*/#(3*+#.21*3#P&#./P,/02&*#P*/#Z(%*#P&#
7*1*62&*# (/+(G# 30/,1*G# 20H*"*/%# (/2("# *)*3# 20G(1*"# 6*/%# 4(H*# P&20"*DG*/# P*1*3# D03&G&"*/#
(3*+#.21*3#P&#"*/+*(#&/&;#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#S#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
##
Q&+*#302+&#+0"(2#30/0"(2#30/%*^*2&]#^*2D*P*#P*/#D0G*#+0")*P*D#D0"Z(*/%*/#G01,3D,G#
.21*3# C&H0"*1# 6*/%# +0"*/%J+0"*/%# )0/P*G# 303H0/+(G# /0%*"*# 20G(1*"# 6*/%# +&P*G# *G*/# 303H0"&#
"(*/%#D(H1&G#G0D*P*#.21*3#6*/%#)L'.0-#P*/#8'.0-;#!*1*3#G,/+0G2#./P,/02&*]#.21*3#303*/%#20Z*G#
P*"&# *^*1# +&P*G# P&/6*+*G*/# 20H*%*&# *%*3*# "*23&# /0%*"*;# @*3(/# G0"*/*# 3*Z,"&+&# D0/P(P(G#
./P,/02&*#*P*1*)#7(21&3]#204*"*#+0,"&#P*/#G(1+("*1]#.21*3#H,10)#10H&)#cH0"G(*2*c#P&#./P,/02&*#P*/#10H&)#
303(/%G&/G*/#204*"*#P03,G"*+&G#(/+(G#P&D0"Z(*/%G*/#,10)#(3*+#.21*3;#Y*D&#P0/%*/#3(/4(1/6*#
%0"*G*/#.21&H]#G02*+(*/#*G&P*)#P*/#D03&G&"*/#.21*3#+01*)#P&D04*)H01*)#10H&)#P*)(1(;#W*%&#30"0G*#
+&P*G#*P*#.21*3#6*/%#2*+(f#6*/%#*P*#*P*1*)#a.21*32a#*+*(#.21*3#c^*"/*J^*"/&c#P*/#4*4*#3*"H*;#.21*3#
6*/%#1&H0"*1#20D0"+&#&+(#2(P*)#+0/+(#.21*3#6*/%#P&G(*2*&#,10)#20G(1*"&230]#P*/#&+(#H(G*/#.21*3#6*/%#
20H0/*"/6*;#
##
!*1*3#G,/+0G2#7*1*62&*#D(1*]#.21*3#+01*)#P&/6*+*G*/#P*1*3#D0"103H*%**/#20H*%*&#*%*3*#
"*23&#/0%*"*;#!&#2*+(#20%&#)*1#&/&#30"(D*G*/#D0"1&/P(/%*/#(/P*/%J(/P*/%#G0D*P*#.21*3#&+(#20/P&"&;#
@*3(/# D0"1(# P&&/%*+# H*)*^*# D",202# %1,H*1&2*2&# 6*/%# +0/%*)# H0"Z*1*/# 1*3H*+# *+*(# 40D*+# *G*/#
30/%(*2*&#Z(%*#(/P*/%J(/P*/%#20+&*D#/0%*"*;#BD*H&1*#G(H(#D0"+*)*/*/#&/&#+(3H*/%]#2030/+*"*#
H&1*/%*/#D0/P(P(G#G*(3#7(21&3&/#P&#7*1*62&*#H(G*/1*)#3*Z,"&+&]#3*G*#2(P*)#D*2+&#G0P(P(G*/#.21*3#
*G*/#+0"%(%*+#P&#7*1*62&*;#
##
'0D*+(+/6*#*P*#G0"Z*2*3*#6*/%#"*23&#P*/#G)(2(2#*/+*"*#7*1*62&*#P*/#./P,/02&*#P*1*3#
(2*)*# 303H*/%(/G*/# .21*3;# Q0"Z*2*3*# &/&# P*D*+# H0"Z*1*/# P&# D0"&/%G*+# G0"*Z**/# P*/# Z(%*#
D0"+(H()*/#H(G*/#G0"*Z**/#-@A`8;#Q0G(*+*/#3*Z,"&+&#7(21&3#P&#./P,/02&*#P*/#G0G(*+*/#(/P*/%J
(/P*/%#"*23&#P&#7*1*62&*#20D*+(+/6*#P&1&)*+#20H*%*&#c2+"0/%+)c#-'_`Y8#3*2&/%J3*2&/%#/0%*"*#P*1*3#
303H0P(/%# *"(2# 1&H0"*1&2*2&# .21*3# 6*/%# 20P*/%# H0"Z*1*/]# 2(D*6*# ./P,/02&*# P*/# 7*1*62&*# +&P*G#
204*"*#"*23&#30/6*+*G*/#P&"&#20H*%*&#/0%*"*#20G(1*";#9'[:4U:+10--'<+.0*+4U'-08%+
##
#
<2%:,#*+,/"-'%6J+-+%
#
b*/%#P&3*G2(PG*/#P0/%*/#D1("*1&230#*%*3*#*P*1*)#*)*3*/#6*/%#30/6*3*G*/#203(*#*%*3*;#
T*)*3*/# &/&# 1*)&"# 20H*%*&# *G&H*+# 20G(1*"&230# */P# D",202# 20G(1*"&2*2&# 3*26*"*G*+# W*"*+;# '04*"*#
"&/%G*2/6*#+0"P*D*+#03D*+#*1&"*/#D03&G&"*/#D1("*1&230#*%*3*#6*/%#H0"G03H*/%#20G*"*/%#&/&E#-<8#
V&5&1#F01&%&,/f#-=8#A1,H*1#Y)0,1,%6f#-I8#Y"*/240/P0/+#$/&+6#,#F01&%&,/2f#P*/#K8#'6/4"0+&23%!"G##!(*#
6*/%#D0"+*3*#1*)&"#P&#W*"*+#*G&H*+#*)*3#20G(1*"&230]#!"T##P*/#P(*#6*/%#+0"*G)&"#30"(D*G*/#"0*G2&#
+0")*P*D# 20G(1*"&230;# !&# ./P,/02&*# /*3D*G/6*# *1&"*/# Y"*/240/P0/+# $/&+6# ,# F01&%&,/2# -Y$F8#
30/P*D*+#2*3H(+*/#P*"&#+,G,)J+,G,)#D03&G&"#.21&H;#
##
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#M#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
BZ*"*/# Y$F# 303H*)*%&G*/# *%*3*J*%*3*# H02*"# P(/&*# -.21*3]# Q"&2+&*/]# b*)(P&]# W(P)*]#
9&/P(]# P11;8# G0D*P*# P(*# 2+"(G+("# (+*3*f# ?d,+0"&4# -C(*"*/:g*)&"8# P*/# ?2,+0"&4# -!*1*3*/:W*+&/8;#
B%*3*J*%*3*#&/&#30/("(+#30"0G*#)*/6*#H0"H0P*#D*P*#2+"(G+("#1(*"*//6*#P*/#[*)&"/6*#2*)*Z*]#
20P*/%G*/#2+"(G("#P*1*3*//6*#P*/#H*+&//6*#*P*1*)#2*3*]#&*&+(#30/(Z(#D*P*#+()*/# 6*/%#2*+(;#
>03&G&"#W*"*+#6*/%#30/%03H*/%G*/#*)*3#Y$F#*P*1*)#F0/0#A(0/,/#-1*)&"#P&#>0"*/4&2#+*)(/#<SSI8#
6*/%#G03(P&*/#30/%*/(+#.21*3#20"+*#T"&+)Z,#'4)(,/#-1*)&"#P&#X0"3*/#+*)(/#<MUR8#Z(%*#G03(P&*/#
30/%*/(+#.21*3#P*/#30/(G*"#/*3*#30/Z*P&#.2*#@("(PP&/#B)3*P]#2030/+*"*#P*1*3#P(/&*#.21*3#
*)*3#&/&#30/P*D*+#2,G,/%*/#P*"&#'0660P#9,220&/#@*2"#6*/%#H0"1*+*"#H01*G*/%#'6&c*);# !"W##@*2"#
6*/%# Z(%*# H0"D0%*/%# P0/%*/# *)*3# cT&12**+# >0"0/&*1c# ->0"0//&*1# >)&1,2,D)68# +01*)# +0"D0/%*"()#
P0/%*/#D0/P0G*+*/#D0"H*/P&/%*/#*%*3*#-4,3D*"*+&50#"01&%&,/28#6*/%#H0"G03H*/%#P&#W*"*+;#9*1#
&/&# P&*G(&# Z(%*# ,10)# @()# 9*# 7&3# Q0110"]# 20,"*/%# 2*"Z*/*# 7(21&3# 6*/%# 2(*+(# G0+&G*# P*)(1(# +0"+*"&G#
P0/%*/#P*/#*G)&"/6*#30301(G#.21*3#G0"*/*#+(1&2*/J+(1&2*/#@*2";#W01&*(#30/%*+*G*/E#
##
D<0-2+ B35.+ '+ I<00K2+ 1';8(35:*4?+ 5))20*+ 9')3+ <')+ '+ B03.23+ B55K0*(+ 0*+ K3'40K05*'-+ ,)-'.0;+
8*5V-24(2+K<'*+.'*L+5K<23+V2)K23*+0*K23M32K23)+5B+,)-'.?+=:)-0.)+'*4+*5*S=:)-0.)?+'*4+<0)+V538)+'32+
(2*23'--L+B322+5B+K<2+.0)K'82)+0*+42K'0-+B5:*4+0*+5K<23) +1558)?+K<5:(<+)5.2+M'))'(2)+'32+5;;')05*'--L+
;5-5324+ 1L+ K<2+ ;5.M'3'K0P2+ 32-0(05*)+ 'MM35';<+ K<'K+ .'3)+ K<2+ V30K0*()+ 5B+ '+ *:.123+ 5B+ =:)-0.+
0*K2--2;K:'-)% +!"X#+
##
T*)*3*/#Y$F#,10)#20H*)*%&*/#D*"*#D0/P,G,/%/6*]#20D0"+&#9(2+,/#'3&+)#6*/%#30/0G(/&#
H&P*/%#D0"H*/P&/%*/#*%*3*#P&#W*"*+]#+01*)#P&20P0")*/*G*/#P0/%*/#20H(*)#D0"3&2*1*/#20%&+&%*]#
P&# 3*/*# Y()*/# H0"*P*# P&# +&+&G# +0"+&/%%&]# 2030/+*"*# 203(*# *%*3*# 30/%*1&"# G0# H*^*)# P*"&# +&+&G#
+0"20H(+f# H0%&+(# Z(%*# D*P*# 3*2*# 6*/%# 2*3*# 203(*# *%*3*# /*&G# P*"&# H*^*)# G0# *+*2# 2*1&/%#
H0"P0G*+*/#P*/#*G)&"/6*#H0"+03(#P&#+&+&G#D(/4*G#&+(;#70/("(+#30"0G*]#&+(1*)#+&+&G#c+"*/240/P0/+c#P&#
3*/*#203(*#*%*3*J*%*3*#H0"2*+(#P&#2&+(;#
##
@("4),1&2#7*PZ&P]#+,G,)#6*/%#30/%%*%*2G*/#20G(1*"&2*2&#P&#./P,/02&*]#*P*1*)#Z(%*#+,G,)#
6*/%#+("(+#30/60H*"G*/#*)*3#Y$F;#V(3*]#4,/+,)#6*/%#P&%(/*G*/#,10)#V*G#@("#H(G*/1*)#20%&+&%*#
20H*%*&3*/*#9(2+,/#'3&+)]#+0+*D&#D0"3&2*1*/#",P*#6*/%#303&1&G&#Z0Z*"&#6*/%#H*/6*G]#P*/#3*2&/%J
3*2&/%/6*#H0"+03(#P&#+&+&G#+0/%*)#H(1*+*//6*#6*/%#P&G&"*#20H*%*&#+&+&G#c+"*/240/P0/+c;#!*1*3#)*1#&/&#
H01&*(#30/6*+*G*/E#
##
aI21'('0+ )21:'<+ M'*4'*('*+ 82'('.''*?+ M'4'+ 4')'3*L'+ ,)-'.+ 123)0B'K+ 0*8-:)0B+ 4'*+
.232*K'*(8'*+ K'B)03'**L'+ 82+ '3'<+ L'*(+ )2.'80*+ M-:3'-0)%+ I21'('0+ ;5*K5<?+ B0-)'B'K+ M232*0'-+ L'*(+
12-'8'*('*+ 1'*L'8+ 4010;'3'8'*+ 4'-'.+ 40'-5(+ '*K'3+ '('.'+ 40+ ,*45*2)0'+ .232*K'*(8'*+
M'*4'*('*+M-:3'-0)+42*('*+.2*('K'8'*+1'<'V'+)2K0'M+'('.'+)212*'3*L'+.23:M'8'*+28)M32)0+
820.'*'*+K23<'4'M+H:<'*+L'*(+)'.'%+,1'3'K+354'?+M:)'K+354'+0K:+'4'-'<+H:<'*?+4'*+>'30S>'30+0K:+
'4'-'<+ >'-'*+ 4'30+ 1231'('0+ '('.'%+ R0-)'B'K+ M232*0'-+ >:('+ .2.1'(0+ '('.'+ M'4'+ -2P2-+ 2)5K2308+
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<U#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
!1'K0*#+4'*+28)5K2308+!-'<03#%+I'K:+'('.'+123124'+42*('*+'('.'+-'0*+4'-'.+-2P2-+28)5K2308?+K2K'M0+
32-'K0P2+)'.'+4'-'.+-2P2-+2)5K2308*L'%+]-2<+8'32*'+0K:?+'4'+0)K0-'<+EI'K:+H:<'*+Q'*L'8+^'-'*%E+!"Y#+
##
T*)*3*/#D1("*1&230#*%*3*]#G)(2(2/6*#Y$F]#6*/%#306*G&/&#203(*#*%*3*#D*P*#)*G&G*+/6*#
2*3*#P*/#H0/*"]#G&/&#203*G&/#P&+0"&3*#,10)#%0/0"*2&#3(P*#.21&H;#'(G&P&]#G,,"P&/*+,"#X*"&/%*/#.21*3#
7(P*# 7()*33*P&6*)# -X.778]# G01,3D,G# .21&H# 6*/%# 4(H*# 3*2(G# G0# P*1*3# D0"+(H()*/#
7()*33*P&6*)]# 30/6*+*G*/# )*1# 6*/%# 2*3*# +0/+*/%# Y$F;# W01&*(# 303&/Z*3# &2+&1*)# 7*)*+3*#
A*/P)&# P*1*3# 30/%%(/*G*/# D0"3&2*1*/# D,),/# P*/# "*/+&/%# H*%&# 30/%(/%G*DG*/# G02*+(*/#
*%*3*J*%*3*#P&#D0"&/%G*+#c+"*/240/P0/+c;#Q*+*/6*E#
##
E@'*?+ 85)28:2*)0*L'?+ '4'+ 1'*L'8+ 8212*'3'*+ !.'*L+ K3:K<)#+ 4'-'.+ K3'40)0+ 4'*+ '('.'S
'('.'%+902KU);<2+.2*2(')08'*+_'K':6+.2*'B08'*`+'4'*L'+[a212*'3'*+H:*(('-[+4'*+>:)K3:+123)08'M+
'B03.'K0B+ K23<'4'M+ 1'*L'8+ 8212*'3'*%+ ='<'K.'+ &'*4<0+ M:*+ )203'.'+42*('*+ .2*428-'3')08'*+
1'<'V'+)2.:'+'('.'+ S+2*K'<+0*4:0).2?+Q:44<0).2?+b'<:40?+a30)K2*?+,)-'.?+c535')K23?+.':M:*+
-'0**L'+S+'4'-'<+12*'3%+@'*?+85*)28:2*)0*L'?+8212*'3'*+'4'+4'*+40K2.:8'*+M'4'+)2.:'+'('.'%+
C('.'S'('.'+0K:+4001'3'K8'*?+4'-'.+*'-'3+M-:3'-0).2+&'*4<0?+)2M23K0+M5<5*+L'*(+.2.0-080+1'*L'8+
;'1'*(+!.'*L#?+K'M0+1'3')'-+4'30+)'K:+'8'3+!K<2+5*2#%+C8'3+L'*(+)'K:+0K:-'<+L'*(+.2*>'40+')'-+4'*+
5302*K')0+'('.'S'('.'%E+!$N#+
##
T*)*3*/#Y$F#6*/%#D*P*#*2*1/6*#3*2&)#H0"2&*+#+0,"&+&2#P*/#&1,2,&2]#+01*)#P&+0"Z03*)G*/#,10)#
D*"*#D0/P(G(/%#X.C#P*1*3#H0/+(G#6*/%#10H&)#0G2+"&3#P*/#"*P&G*1;#Q,,"P&/*+,"/6*]#$1&1#BH2*"#BHP*11*]#
+*/D*# 20%*/# 2&1(# 1*%&# 30/6*+*G*/# H*)*^*]# a'03(*# *%*3*# 2*3*;# '03(*/6*# 30/(Z(# Z*1*/#
G0H0/*"*/;# X*P&]# .21*3# H(G*/# 6*/%# D*1&/%# H0/*";a# !$"## BD*H&1*# *G&P*)# .21*3# +01*)# ",2*G]# 3*G*#
26*"&c*)/6*#30/Z*P&#+&P*G#H0"3*G/*#2*3*#20G*1&;#X*P&#30"0G*#D(/#30/,1*G#1*"*/%*/#G*)^&/#H0[*#
*%*3*#6*/%#30"(D*G*/#H*)*%&*/#P*"&#26*"&c*)#.21*3;#W*%&#30"0G*#1*"*/%*/#&+(#2(P*)#+&P*G#1*%&#
"0105*/#P*1*3#0"*#D1("*1&230#*%*3*#G&/&;#$1&1#BH2*"#30/%(/%G*DG*/#P*1*3#2*+(#+(1&2*//6*#6*/%#
H0"+*Z(G# a70/60%*"G*/# Q03H*1&# >03*)*3*/# .21*3a# P*1*3# 2("*+# G)*H*"# Q,3D*2]# H*)*^*E#
aC*"*/%*/#G*)^&/#H0P*#*%*3*]#P*1*3#)*1#&/&#*/+*"*#D0"03D(*/#.21*3#P0/%*/#101*G&#/,/J.21*3]#
2(P*)#+&P*G#"0105*/#1*%&;a#!$$#+
##
T*)*3#D1("*1&230#*%*3*#P&#./P,/02&*#Z(%*#4(H*#P&201(P(DG*/#P*1*3#D",%"*3#D0/P&P&G*/#
20G,1*)#"0/P*)#G,/,//6*#(/+(G#301*)&"G*/#%0/0"*2&#3*2*#P0D*/#7(21&3#6*/%#cD1("*1&2c;#'0G,1*)#
6*/%# 30/4(H*# D",%"*3# D1("*1&230# *%*3*# &+(# *P*1*)# '0G,1*)# 7*P*/&*# P&# X*G*"+*;# !";# W(P)6#
7(/*^*"# F*)3*/]# 2*1*)# 20,"*/%# *G+&5&2# X.C]# 6*/%# Z(%*# 30/Z*P&# D0/%("(2# '0G,1*)# 7*P*/&*#
30/6*+*G*/E#
##
E=2.'*(?+'4'+):'K:+28)M230.2*+L'*(+40-'8:8'*+40+='4'*0'+!Ha?+I@?+I=7?+4'*+I=O+.0-08+
7'3'.'40*'#%+ @2*('*+ )0)K2.+ ';K0P2+ -2'3*0*(+ )2>'8+ I@?+ )2K0'M+ '*'8+ 10')'*L'+ .2*4'M'K8'*+
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<<#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
M2*40408'*+'('.'+)2):'0+'('.'+.')0*(S.')0*(%+^:('+'4'+)0)K2.+.5P0*(+;-'))d+82K08'+M2-'>'3'*+
'('.'?+ .2328'+ M0*4'<+ 82+ 82-')+ '('.'+ .')0*(S.')0*(%+ C4'+ .';'.S.';'.+ 82-')+ '('.'+
K23M0)'<SM0)'<d+J<30)K0'*+;-'))?+J'K<5-0;+;-'))?+,)-'.0;+;-'))?+4'*+-'0*S-'0*%+^'40?+M')'-+"Z+'L'K+"+C+eOO+
I0)408*')+):4'<+8'.0+-'8:8'*+40+='4'*0'%+9'<?+8'32*'+8'.0+.':+.2*28'*8'*+M-:3'-0).2+'('.'?+
M'4'+.')'S.')'+K23K2*K:?+.0)'-*L'+K0('+1:-'*+)28'-0?+8'.0+'4'8'*+)M030K:'-+'K':+32-0(05*+B'03+'K':+
[M28'*+3'L'+'('.'%[+I2K0'M+82-')+'('.'+'8'*+123<0')+4030?+)0.15-S)0.15-+'('.'+>:('+40K'.M0-8'*?+
4'*+)2K0'M+'*'8+'8'*+4'K'*(+1238:*>:*(?+.2-0<'K?+4'*+.:*(80*+123K'*L'+82M'4'+(:3:+'('.'d+
'M'+)0<+'3K0*L'+M5<5*+*'K'-f+@0+)'*'+80K'+>:.M'+Q:44<'+L'*(+)24'*(+.2-'8:8'*+.240K')0?+K'.M0-'*+
a'[1'<?+4'*+-'0*S-'0*%+I2.:'+'*'8+10)'+.2-0<'K+)0.15-S)0.15-+82'('.''*+L'*(+)'*('K+28)M32)0B+4'*+
M2*:<+ *0-'0+ 82)'83'-'*%+ ,K:+ .:*(80*+ M2*('-'.'*+ K23)2*4030+ 1'(0+ '*'8S'*'8%+ a'.0+ K'8+ .:*(80*+
.2*('>'38'*+ V'V')'*+ M-:3'-0).2?+ K2K'M0+ (:3:S(:3:*L'+ 1:8'*+ M-:3'-0)%+ Q'<'L'+ )28'-0+ 4'*+ '8'*+
.235)'8+ 042+ 12)'3+ 8'.0%+ ='8'*L'?+ 53'*(+ K:'+ >:('+ <'3:)+ .'*4'M'K8'*+ K3'0*0*(+ 'K':+ )2.';'.+
';'3'+1:-'*'*+)2<0*(('+.2328'+10)'+.2.'<'.0+M-:3'-0).2%E+!$Z#+
##
70/%*D*#2*3D*&#H0%&+(#P*)26*+#20G*1&#*)*3#D1("*1&230#*%*3*#H0"G03H*/%#P&#./P,/02&*h#
X*^*H*//6*# *P*1*)# "&/%G*2f# G0"*/*# @0%*"*# Q02*+(*/# F0D(H1&G# ./P,/02&*# -@QF.8# 204*"*#
D0"103H*%**/#+&P*G#303H0"&G*/#)*G#&2+&30^*#G0D*P*#.21*3#(/+(G#30/Z*P&#*%*3*#"*23&#/0%*"*]#
6*/%# *G)&"/6*# .21*3# 204*"*# G)(2(2# +&P*G# P&1&/P(/%&# P*"&# 20%&# (/P*/%J(/P*/%;# ./&# 302+&# 30/Z*P&#
D0/%*Z*"*/#G0D*P*#7*1*62&*#2(D*6*#+0"(2#303D0"+*)*/G*/#.21*3#20H*%*&#*%*3*#"*23&#/0%*"*#
P*1*3#D0"103H*%**//6*;#BD*H&1*#+&P*G#*P*#D0"1&/P(/%*/#(/P*/%J(/P*/%#&/&]#3*G*#*/*2&"J*/*2&"#
6*/%#30",2*G#.21*3#P*"&#P*1*3#H0%&+(#3(P*)#P&20H*"G*/#P*1*3#3*26*"*G*+#+*/D*#H,10)#P&)*1*/%#
,10)#D030"&/+*)#./P,/02&*#20/P&"&;#
##
BD*H&1*# 7*Z1&2# $1*3*# ./P,/02&*# -7$.8# D*P*# +*)(/# 10D*2# 30/%01(*"G*/# *+^*# H*)*^*#
*)*3*/# D1("*1&230# *%*3*# *P*1*)# H0"4*/%%%*)# P0/%*/# *G&P*)# .21*3]# 3*G*# *+^*# &+(# +01*)#
P&G04*3#,10)#G01,3D,G#X.C]#H*)G*/#7$.#P&*/%%*D#+,1,1#P*/#P&D0"H,P,)JH,P,)G*/#,10)#30"0G*;#
7$.#D*P*#=M)H#X(1*&#=UUL#P&*/+*"*/6*#30/%01(*"G*/#*+^*#H*)*^*E#
##
E7-:3'-0).)+'('.'+'4'-'<+):'K:+M'<'.+L'*(+.2*('>'38'*+1'<'V'+)2.:'+'('.'+'4'-'<+
)'.'+ 4'*+ 823'*'*L'+ 8212*'3'*+ )2K0'M+ '('.'+ '4'-'<+ 32-'K0B%+ ]-2<+ )21'1+ 0K:?+ )2K0'M+ M2.2-:8+
'('.'+K04'8+ 15-2<+.2*(8-'0.+ 1'<'V'+ <'*L'+ '('.'*L'+ )'>'+ L'*(+ 12*'3+ )24'*(8'*+ '('.'+
L'*(+ -'0*+ )'-'<%E%%%%%%%%%%+ E7-:3'-0).2%%%)21'('0.'*'+ 40.'8):4+ M'4'+ 1'<'(0'*+ M23K'.'+ '4'-'<+
M'<'.+L'*(+123K2*K'*('*+42*('*+'>'3'*+'('.'+,)-'.%E+
+
@*3(/#2*6*/%]#*G&H*+#+&P*G#*P*/6*#G(*2*#(/P*/%J(/P*/%]#*+^*#P&#*+*2#+&P*G#30/%&G*+#
20+&*D#7(21&3#P&#./P,/02&*;#BG&H*+/6*#*1&"*/#.21*3#6*/%#30/6010^0/%#+0+*D#2(H("#P&#/0%0"&#&/&]#3*G*#
3*26*"*G*+1*)#6*/%#H0"+&/P*G#30/%*3H&1#Z*1*/#20/P&"&;#Q02#*1&"*/#B)3*P&6*)#30/Z*P&#H(G+&#*D*H&1*#
*G)&"/6*# 3*26*"*G*+# .21*3# 6*/%# D"&)*+&/# +0")*P*D# 203*G&/# 30"0H*G/6*# *)*3# &/&# 30/%*3H&1#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<=#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
+&/P*G*/#20/P&"&#30/40",H,)#D(2*+#G0%&*+*/#B)3*P&6*)#P&#>*"(/%]#X*^*#W*"*+]#H*"(JH*"(#&/&;#X.C#
*+*2#/*3*#D1("*1&230#P*/#G0H0H*2*/#H0"*%*3*#30/%04*3#G0"*2#+&/P*G*/#+0"20H(+]#2030/+*"*#
7*Z1&2# $1*3*# ./P,/02&*# -7$.8# 30/%01(*"G*/# G03H*1&# *+^*]# 303D0"G(*+# *+^*# 20H01(3/6*]#
H*)*^*# *1&"*/# B)3*P&6*)# *P*1*)# +0"G01(*"# .21*3;# W*)G*/# 7*Z1&2# $1*3*# ./P,/02&*# 30/6*+*G*/#
P*1*3#*+^*#6*/%#2*3*#H*)*^*]##
##
E72.230*K'<+ 12382V'>01'*+ .2-'3'*(+ M2*L21'3'*+ M'<'.+ C<.'40'<+ 40+ )2-:3:<+ ,*45*2)0'+
4'*+.2.128:8'*+53('*0)')0+)23K'+.2*:K:M+)2.:'+K2.M'K+82(0'K'**L'%E++
##
@*3(/#G0"*/*#*+^*#+0"20H(+#+&P*G#303&1&G&#G(*2*#(/P*/%J(/P*/%#P&#./P,/02&*]#G01,3D,G#
.21&H#+0+*D#H0"*/&#303D0"20/P*G*/#7$.#P&#)*P*D*/#D(H1&G;#
##
BZ*"*/#.21*3#30/%*G(&#*P*/6*#c"01&%&,(2#D1("*1&+6c#P*1*3#*"+&#30/0"&3*#*P*/6*#D0"H0[**/#
P*/# G0D01H*%*&*/# *%*3*# P*1*3# G0)&P(D*/# H0"3*26*"*G*+]# H(G*/# c"01&%&,(2# D1("*1&23c# 6*/%#
30/6*3*G*/#203(*#*%*3*;#>"&/2&D#c1*G(3#P&&/(G(3#^*1&6*P&/c#P*/#Z(%*#c1*#&G"*)*#&PP&/c#30/Z*P&#
+0"*2#(+*3*#+,10"*/2&#P*/#G0"(G(/*/#H0"*%*3*#P*1*3#.21*3;#>"&/2&D#&/&#D*P*#P*2*"/6*#30/0"&3*#
*P*/6*#D0"H0P**/#*%*3*#P*"&#20%&#*G&P*)#P*/#G06*G&/*/#3*2&/%J3*2&/%]#2030/+*"*#D1("*1&230#
*%*3*# &/%&/# 303*/2()G*/# D0"H0P**/# +0"20H(+# 20)&/%%*# D*"*# D0/%*/(+# *%*3*# +&P*G# H,10)#
306*G&/&#1*%&#*%*3*/6*#20H*%*&#G0H0/*"*/;#
##
>*P*# *G)&"/6*# D1("*1&230# *%*3*# &+(1*)# 6*/%# 30/%*G(# P&"&/6*# 20H*%*&# G0H0/*"*/]#
20P*/%G*/#P*G^**/#G0H0/*"*/#*%*3*#6*/%#20P&*#*P*#P&/*&G*/#P*/#+&P*G#H,10)#P&G03(G*G*/#
P&#)*P*D*/#D(H1&G;#>1("*1&230#*%*3*#P*1*3#H0/+(G/6*#20H*%*&#c4&5&1#"01&%&,/c#6*/%#20G(1*"#303*/%#
H0"4&+*J4&+*# 30/Z*P&# D,1&2# G0D*P*# *%*3*J*%*3*# 6*/%# *P*;# 7*/*J3*/*# *%*3*# *+*(# /0%*"*#
G06*G&/*/#P*/#D0"H(*+*//6*;#W*)G*/#*%*3*#6*/%#30/P*G^*#H*)*^*#P&"&/6*#2*)*Z*#6*/%#H0/*"#
H,10)# P&G&"*# 20H*%*&# c*%*3*# Z*)*+c;# .+(1*)# G02*/# 6*/%# &/%&/# P&+&3H(1G*/# ,10)# 20H(*)# H(G(#
D0/P,G,/%#D1("*1&230#*%*3*#6*/%#H0"+*Z(G#c_)0/#F01&%&,/#W04,302#?5&1;c#-$F#+
##
Q&+*#301&)*+#(2*)*#D0/(H()*/#./+0"*&+)#V,33&2&,/#-.TV8#P&#7*1*62&*#*P*1*)#P*1*3#"*/%G*#
D0/60H*"*/#*)*3#D1("*1&230#*%*3*#6*/%#G&+*#H&/4*/%G*/;#'03(*#+(/+(+*/#%,1,/%*/#&/&#+*/D*#
20%*/#2&1(#1*%&#Z01*2JZ01*2#30/60"*/%#D"&/2&DJD"&/2&D#.21*3#20H*%*&#*%*3*#"*23&#6*/%#P&1&/P(/%&#,10)#
D0"103H*%**/#7*1*62&*;#7*"&1*)#G&+*#D0")*+&G*/#+(/+(+*/J+(/+(+*/#%,1,/%*/#&/&E#-=L8#
%
<; '0,"*/%# */*G# 6*/%# P&1*)&"G*/# ,10)# &H(# H*D*# .21*3# +&P*G# 20302+&/6*# +0"(2# 30/Z*P&# ,"*/%#
.21*3;##
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<I#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
=; `"*/%J,"*/%# H(G*/# .21*3# 6*/%# +01*)# 30301(G# *%*3*# .21*3# )0/P*G1*)# P&H0"&G*/#
G0H0H*2*/#(/+(G#G03H*1&#G0D*P*#*2*1#*%*3*#30"0G*#-3("+*P8#P*/#+&P*G#H,10)#P&G0/*G*/#
+&/P*G*/#(/P*/%J(/P*/%;#
I; '0H*"*/%# G02# D0"+(G*"*/# *%*3*# ,"*/%# .21*3# G0D*P*# H(G*/# .21*3# +&P*G# 20D*+(+/6*#
P&G0/P*1&G*/#,10)#3*)G*3*)#'6*"&*)#+0+*D&#P&G0/P*1&G*/#,10)#3*)G*3*)#4&5&1;#
K; Y&P*G#D0"1(#P&4*+*+G*/#P&#P*1*3#G*P#D0/%0/*1*/#2020,"*/%#7(21&3#H*)*^*#&*#H0"*%*3*#
.21*3;#
L; `"*/%# H(G*/# .21*3# +&P*G# D0"1(# P&G0)0/P*G&# 30/%*/(+# .21*3# 20G&"*/6*# &/%&/# H0"G*)^&/#
P0/%*/# ,"*/%# .21*3;# `"*/%# .21*3# )0/P*G1*)# P&H0/*"G*/# G01(*"# P*"&D*P*# .21*3# -3("+*P8#
20G&"*/6*# &/%&/# H0"G*)^&/# P0/%*/# ,"*/%# H(G*/# .21*3# +*/D*# H,10)# P&G0/*G*/# *D*J*D*#
+&/P*G*/#(/P*/%J(/P*/%;#
N; '020,"*/%# *+*(# D*2*/%*/# 2(*3&# &2+0"&# 6*/%# 30/(G*"# *%*3*/6*# P0/%*/# 30301(G# .21*3#
+&P*G#D*+(+#P&H0"&G*/#)*G#Z*%**/#*/*G;#
R; `"*/%J,"*/%#6*/%#H(G*/#.21*3#6*/%#303D(/6*&#)(H(/%*/#G0G01(*"%**/#P0/%*/#20,"*/%#
6*/%# 30301(G# .21*3# )0/P*G1*)# P&H0"&G*/# )*G# 30/(/+(+# )*"+*# D(2*G*/6*# 2010D*2#
G03*+&*//6*;#
S; Q0"*Z**/# )0/P*G1*)# 30/60P&*G*/# P*/*# 6*/%# 30/4(G(D&# (/+(G# 303H&/*# P*/#
30/6010/%%*"*# "(3*)J"(3*)# &H*P*)# ,"*/%# H(G*/# .21*3# 20H*%*&3*/*# G0"*Z**/#
30/60P&*G*/#P*/*#6*/%#20"(D*#(/+(G#3*2Z&P;#
M; `"*/%J,"*/%# H(G*/# .21*3# )0/P*G1*)# P&H0/*"G*/# P*/# +&P*G# H,10)# P&)*1*/%# P*"&D*P*#
30/%%(/*G*/#D0"G*+**/JD0"G*+**/#2(4&#.21*3#P*1*3#D0"4*G*D*/#P*/#20H*%*&/6*;#
<U; W&H10# P*1*3# H*)*2*# 7*1*62&*# P*/# H*)*2*# ./P,/02&*# 20D*+(+/6*# P&H0/*"G*/# (/+(G#
P&0P*"G*/#G0D*P*#(3(3#204*"*#+0"H(G*;#
<<; >01*Z*"*/#*%*3*#H(G*/#.21*3#(/+(G#D0/%*/(+#*%*3*#&+(#)0/P*G1*)#P&*Z*"#P&#203(*#20G,1*);#
<=; >",%"*3JD",%"*3#H0"(/2("#.21*3#P*1*3#H*)*2*#&H(/P*#2(*+(#G*(3#)0/P*G1*)#P&+&*P*G*/;#
>",%"*3#P*G^*)#*%*3*#1*&/#201*&/#.21*3#D(1*#)0/P*G1*)#P&H0/*"G*/#(/+(G#P&2&*"G*/#P*1*3#
H*)*2*#&H(/P*#3*2&/%J3*2&/%;#
<I; `"*/%J,"*/%# .21*3# 6*/%# 303H*6*"# [*G*+# +&P*G# 20D*+(+/6*# P&G04(*1&G*/# P*"&D*P*#
303H*6*"# 4(G*&# D0/P*D*+*/# P*/# ^*/%# )*2&1# [*G*+# 20D*+(+/6*# P&%(/*G*/# Z(%*# (/+(G#
G0D0"1(*/#,"*/%J,"*/%#H(G*/#.21*3;#
<K; '0D*+(+/6*#.21*3#+&P*G#P&20H(+#20H*%*&#D&1&)*/#D0"+*3*#3*26*"*G*+#7*1*62&*#20D0"+&#P*1*3#
2,*1#D*G*&*/#30/(+(D#*("*+#G0D*P*#D01*Z*"#20G,1*);#
##
Y(/+(+*/J+(/+(+*/# P&# *+*2# 20H*)*%&*/# H02*"/6*# H0"4*/%%*)# P0/%*/# *Z*"*/# .21*3# P*/#
G0D0/+&/%*/#(3*+#.21*3#P&#7*1*62&*;#W(G*/G*/#*/0)#*D*H&1*#*P*#,"*/%#.21*3#*+*(#G(3D(1*/#.21*3#
6*/%# 30/P,G,/%/6*h# @*3(/# G0/6*+**//6*# *P*# G(3D(1*/# 6*/%# 30/*3*G*/# P&"&/6*# 20H*%*&#
a'&2+0"2#./#.21*3a#-'.'8#30/60+(Z(&#P*/#30/6,G,/%#.TV;#.+(1*)#"0*1&+&#D03&G&"*/#.21&Hf#,"*/%J,"*/%#.21*3#
20/P&"&#6*/%#204*"*#[*)&"/6*#+&P*G#3*)(#P&G*+*G*/#H(G*/#.21*3]#+0+*D&#H*+&//6*#+&P*G#3*)(#+(/P(G#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<K#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
P*/#D*+()#D*P*#*Z*"*/J*Z*"*/#.21*3]#*+*(#20D0"+&#(/%G*D*/#>*G#F*2Z&P&]#,"*/%#.21*3#a6*/%#+&P*G#
303D(/6*&#)(H(/%*/#H*+&/#P0/%*/#.21*3;a#
##
>0"2,*1*//6*]# H,10)G*)# 1*%&# D03&G&"*/# &+(# P&/*3*&# P0/%*/# /*3*# c.21*3c# 20D0"+&# P*1*3#
(/%G*D*/#c.21*3#1&H0"*1c#*D*H&1*#H*%&#30"0G*#*Z*"*/#.21*3#D*P*#)*G&G*+/6*#+&P*G#H0"H0[*#P0/%*/#
*Z*"*/J*Z*"*/#6*/%#1*&/h#.3*3#*1JA)*[*1&#D0"/*)#30/(1&2#2*+(#"&2*1*)#G04&1#P0/%*/#+*Z(G#cT*&2*1#*1J
Y*"&e*)# W*6/*1# .21*3# ^*[# g*/P*e*)c# -T*2*1# Q04&1# Y0/+*/%# >0"H0[**/# .21*3# P*/# T*)*3# g&/P&e8;#
W0"P*2*"G*/#"&2*1*)#&/&#,"*/%#.21*3#6*/%#H*+&//6*#H0/4&#G0D*P*#.21*3#H,10)1*)#P&20H(+#20H*%*&#
g&/P&e;#>03&G&"*/#.21&H#G0H*/6*G*//6*#*P*1*)#D03&G&"*/#[&/P&e#6*/%#30",2*G#.21*3#P*"&#P*1*3#+(H()#
.21*3#&+(#20/P&"&;#
##
#
B2%6,$=#*O+(%3H/"/%4*/)/"#
##
.2(#O("c*/#?P&2&#Q"&+&2#-O?Q8#Z(%*#P*+*/%#P*"&#G01,3D,G#.21&H#P&#./P,/02&*;#70"0G*#303D(/6*&#*%0/P*#
(/+(G# 30/%0P&+# *1JO("c*/# 6*/%# 20P&*# *P*;# W*%&# 30"0G*# +0G2J+0G2# *1JO("c*/# 6*/%# H0"0P*"# P&#
G*1*/%*/# G*(3# 7(21&3&/# )*"&# &/&# 30/%*/P(/%&# H*/6*G# D0"3*2*1*)*/# 6*/%# 3030"1(G*/#
D0/%0P&+*/# 203(1*# 204*"*# G"&+&G*1;# '0Z*"*)# D03H(G(*/# *1JO("c*/# P*/# H0"H*%*&# 3*4*3# e&"*c*)#
-"*%*3# H*4**/8# 6*/%# ^(Z(P# P*1*3# +"*P&2&# (3*+# .21*3# P&Z*P&G*/# 3,P*1# ,10)# %,1,/%*/# &/&# (/+(G#
30"0*1&2*2&G*/#D",Z0G#30"0G*;#Y,G,)#(+*3*#.21&H#6*/%#303D(/6*&#3&/*+#P*1*3#D",Z0G#&/&#*P*1*)#
Y*(&G# BP/*/# B3*1]-=N8# 20,"*/%# D0/26*"*)# $1(3(1# O("c*/# P&# ./2+&+(+# B%*3*# .21*3# @0%"&# -B.B@8#
7*G*2*";#>0/(1&2#204*"*#1*/%2(/%#D0"/*)#H0"P&*1,%#30/0"(2&#&/+0"/0+#P*1*3#3*&1&/%#1&2+#.21&H#20/P&"&#
P0/%*/#H01&*(#2(D*6*#30/%)0/+&G*/#%*%*2*/#&+(]#20G&+*"#03D*+#+*)(/#6*/%#1*1(;-=R8#
##
_*1*(D(/# D",Z0G# O?Q# &/&# D*2+&/6*# *G*/# 30/03(&# G0%*%*1*/]# +0+*D&# &2(# 6*/%# 30"0G*#
1,/+*"G*/#+0/+(/6*#H,10)#30/60H*HG*/#G0"*%(*/#3*26*"*G*+#*^*3#+0")*P*D#G0*21&*/#G&+*H#2(4&#
*1JO("c*/# &+(# 20/P&"&;# 70"0G*# 30/%(/%G&+J(/%G&+# 203(1*# 20Z*"*)# D03H(G(*/# *1JO("c*/# P&# +*/%*/#
'*&P&/*# $+)3*/;# !&+(P()/6*# Q)*1&*)# $+)3*/# 303H*G*"# 3(2)*J3(2)*# 6*/%# 1*&/# P0/%*/#
30/%%(/*G*/#G(*2*#D,1&+&G/6*]#20)&/%%*#)*/6*#c7(2)*#$+)3*/&c#2*)*Z*#6*/%#1*6*G#H0"0P*"#P&#
P(/&*#.21*3;#!&+(P()/6*#D(1*#D*"*#(1*3*#*1JO("c*/#H0"20G,/%G,1#P0/%*/#D*"*#D0/%(*2*#D,1&+&G]#
20D0"+&#.H/(#7(Z*)&P]#P*1*3#303,/,D,1&#e&"*c*)Je&"*c*)#6*/%#20G*"*/%#P&H*4*#,10)#(3*+#.21*3;#
>0")*+&G*/#G*+*JG*+*#D0/P,G,/%#O?Q#&/&E#
##
'0H*)*%&*/#H02*"#G*(3#7(21&3#306*G&/&#H*)*^*#*1JO("*/#P*"&#)*1*3*/#D0"+*3*#)&/%%*#
+0"*G)&"#30"(D*G*/#G*+*JG*+*#B11*)#6*/%#P&+("(/G*/#G0D*P*#@*H&#7()*33*P#204*"*#50"H*+&3]#
H*&G#G*+*JG*+*/6*#-1*P)*/8#
10H&)# 30"(D*G*/# ,"3(1*2&# P*/# */%*/J*/%*/# +0,1,%&2# -*1JG)*6*1# *1JP&/&8# 6*/%# P&H(*+# ,10)# D*"*#
(1*3*#20H*%*&#H*%&*/#P*"&#,"3(1*2&#P,G+"&/JP,G+"&/#.21*3;#9*G&G*+#P*/#20Z*"*)#D0/(1&2*/#*1JO("*/#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<L#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
20/P&"&#202(/%%()/6*#D0/()#P0/%*/#H0"H*%*&#/(*/2*#6*/%#P01&4*+0#-"(3&+8]#P*/#+&P*G#2(/6&#P*"&#
D0"P0H*+*/]#D0"+0/+*/%*/]#&/+"&G#-+&D(#P*6*8]#P*/#"0G*6*2*;-=S8#
##
>",Z0G#O("c*/#?P&2&#Q"&+&2#&/&#20H0/*"/6*#P*)(1(/6*#*P*1*)#*3H&2&#G*(3#,"&0/+*1&2#20D0"+&#A;#
W0"%2+"*220"]# B"+)("# X00"6]# P*/# `++,# >"0+[1# 6*/%# 30/%%01(+&# H&P*/%# *1JO("c*/;# @*3(/# 20+01*)#
D0"*/%#P(/&*#G0P(*]#G0+&G*#H*)*/JH*)*/#6*/%#30"0G*#G(3D(1G*/#)*/4("#10H("#P&)0/+*3#H,3#
D0D0"*/%*/]#203*/%*+#30"0G*#(/+(G#30/0"(2G*/#D",Z0G#&/&#30/Z*P&#G0/P(";#
##
H<2+M-'*+5B+Q23()K3'))23?+^2BB23L?+'*4+732KU-+K5+M32M'32+'+;30K0;'-+240K05*+5B+K<2+g:3['*+V')+*5K+
32'-0U24?+'*4+K<2+;5--2;K05*+5B+P'30'*K)+4230P24+B35.+32'-+5-4+;540;2)+B'0-24+K5+):3P0P2+K<2+15.1)+5B+
D'3+D53-4+,,%+-=M8#
##
Q&/&#3&/*+#D*"*#,"&0/+*1&2#&+(#(/+(G#303(/4(1G*/#O("c*/#?P&2&#Q"&+&2#+&P*G#+0"P0/%*"#1*%&;#Y*D&#
2*6*/%/6*# D",Z0G# 6*/%# 2(P*)# +0"G(H("# &+(# G&/&# &/%&/# P&H*/%G&+G*/# G03H*1&# ,10)# %,1,/%*/# .21&H;#
7(P*)J3(P*)*/#&/&#)*/6*#30/Z*P&#*/%*/J*/%*/#3*+#Z0/&/#2*)*Z*;#
##
%
D2%C'*-'('#)/F+%
##
W01(3#)*H&2#&2(#*1JO("c*/#?P&2&#Q"&+&2#-O?Q8#P&+&3H(1G*/]#&2(#)0"30/0(+&G*#D(1*#P&4*/*/%;#BD*H&1*#O?Q#
H0"+(Z(*/# 30",3H*G# *1JO("c*/# 6*/%# 20P&*# *P*]# )0"30/0(+&G*# D(1*# H0"+(Z(*/# 30"(H*)# ,"&0/+*2&#
+*2&"#*1JO("c*/#6*/%#201*3*#&/&#30/Z*P&#+"*P&2&#(3*+#.21*3#P*"&#[*3*/#H0"[*3*/;#_*1*(D(/#G0P(*J
P(*/6*# H0"H0[*# +(Z(*/]# +0+*D&# +0"G*&+# P*/# +0"&G*+# 2*+(# 2*3*# 1*&/;# 90"30/0(+&G*# D*P*# *2*1/6*#
*P*1*)# 30+,P,1,%&# D0/*2&"*/# W&H10]# G03(P&*/# P&G03H*/%G*/# ,10)# 20,"*/%# D03&G&"# >",+02+*/+]#
T"&0P"&4)# '4)10&0"3*4)0"]# 30/Z*P&# *1&"*/# *12**)# 3,P0/]# 1*/+*2# ,10)# 20%,1,/%*/# G*(3# 1&H0"*1#
P&+0"*DG*/#G0D*P*#D0/+*2&"*/#*1JO("c*/;#
##
!*1*3#+"*P&2&#G*Z&*/#W&H10]#D*"*#D03(G*#Q"&2+&*/#303*/%#30/%*G(&#H*)*^*#+0G2J+0G2#W&H10#
H(G*/1*)#G0201("()*//6*#^*)6(#Y()*/;#!&#P*1*3/6*#+0"Z*P&#D0"4*3D("*/#*/+*"*#&"3*/#Y()*/#P*/#
G*"*/%*/JG*"*/%*/# 3*/(2&*]# 201*&/# H*)*2*# ^*)6(# 6*/%# *2*1# Z(%*# 2(P*)# +&*P*;# `10)# &+(#
P&G03H*/%G*/1*)# 2(*+(# 30+,P,1,%&# D0/+*2&"*/# 6*/%# P&20H(+# 20H*%*&# )0"30/0(+&G* # (/+(G#
30/4*"&#/&1*&#G0H0/*"*/#W&H10#&+(#20/P&"&;#?/4641,D*0P&*#W"&+*//&4*#30/6*+*G*/E#
##
R53+15K<+^2V)+'*4+J<30)K0'*)+K<35:(<5:K+K<203+<0)K5302)?+K<2+M30.'3L+M:3M5)2+5B+<23.2*2:K0;)?+
'*4+5B+K<2+2h2(0;'-+.2K<54)+2.M-5L24+0*+0*K23M32K'K05*?+<')+122*+K5+40);5P23+K<2+K3:K<)+'*4+P'-:2)+
5B+K<2+Q01-2%!IU8#
##
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<N#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
W0"H0[*# P0/%*/# )0"30/0(+&G*]# +(Z(*/# +*2&"# H(G*/1*)# (/+(G# 30/4*"&# /&1*&# G0H0/*"*/# *1J
O("c*/]#G0"*/*#G*(3#7(21&3&/#+01*)#20D*G*+#H*)*^*#*1JO("c*/#G0201("()*//6*#*P*1*)#G*1*3(11*)]#
P*/#20G*1&%(2#G0H0/*"*/#-*1J)*e8#&+(#20/P&"&;#
##
!*1*3#D0"H*)*2*/#*12**)#D(1*]#)0"30/0(+&G*#20/+&*2*#301&)*+#20H(*)#G*"6*#P*"&#2(P(+#
+&%*#20"*/%G*&#-+"&*P&4#"01*+&,/8f#+0G2#-+0d+8]#D0/%*"*/%#-*(+),"8]#P*/#D03H*4*#-"0*P0"8;#Q0+&G*#W&H10#
P&)*P*DG*/#G0D*P*#+&%*#2(P(+#D*/P*/%#&/&]#3*G*#D*"*#*)1&#+0,1,%&#Q"&2+&*/#Z(%*#30/%*G(&#H*)*^*#
+0G2J+0G2#W&H10#H(G*/1*)#^*)6(#Y()*/]#H*)*^*#W&H10#*P*#D0/%*"*/%/6*]#P*/#H*)*^*#D03H*4*#
W&H10# 303D(/6*&# Z*"*G]# H*&G# 3*2*# 3*)(D(/# H*)*2*]# P0/%*/# ^*)6(# Y()*/# 6*/%# 20H0/*"/6*]#
20)&/%%*# 2&# D03H*4*# +&P*G# P*D*+# 204*"*# 1*/%2(/%# 303*)*3&# &"3*/# Y()*/# &+(# 20/P&"&;# W*)G*/#
30"0G*#Z(%*#30/%*G(&# H*)*^*#+0G2J+0G2#W&H10#303D(/6*&#3*2*1*)#6*/%#H*/6*G;#X*P&#*D*H&1*#
+0G2J+0G2#&+(#2(P*)#H0"3*2*1*)]#H(G*/G*)#+*2&"*//6*#Z(%*#*G*/#H0"3*2*1*)h#.+(1*)#P&103*#6*/%#
+0"Z*P&#P*1*3#)0"30/0(+&G*#W&H10f#P&#2*+(#2&2&#)0"30/0(+&G*#P&H0"&#+(%*2#(/+(G#303D0"H0+(1G*/#+0G2]#
P*/#P&#2&2&#1*&/#P&+(/+(+#303H(*+#D0/*2&"*/#+0")*P*D#+0G2#&+(#20/P&"&;#
##
BD*H&1*#)0"30/0(+&G*#P&+0"*DG*/#D*P*#2+(P&#*1JO("c*/]#3*G*#+0G2J+0G2#P*/#*6*+J*6*+#*1J
O("c*/# *G*/# P&D0"+*/6*G*/# P*)(1(# G0H0/*"*//6*f# H0+(1G*)# &*# G*1*3(11*)]# H(G*/G*)# &*# +01*)#
H0"4*3D("#P0/%*/#G*+*JG*+*#3*/(2&*]#H(G*/G*)#H*)*2*#6*/%#P&%(/*G*/#Z(%*#*P*1*)#H*)*2*#
3*/(2&*#6*/%#30/Z*P&#H*)*%&*/#P*"&#H(P*6*#P*/#20Z*"*)#3*/(2&*]#*D*G*)#Y()*/#H0"4*G*D#P*1*3#
H*)*2*#B"*H]#P*/#1*&/J1*&/#D0"+*/6**/#6*/%#*G*/#30",/%G*&#G0&3*/*/#G*(3#7(21&3&/#+0")*P*D#
*1JO("c*/# *1JQ*"&3;# W01(3# 1*%&# G&+*# 2*3D*&# G0D*P*# +*2&"# *1JO("c*/]# G&+*# 2(P*)# P&20"*/%# P*)(1(#
P0/%*/#D0"2,*1*/JD0"2,*1*/#c+0G2c#6*/%#P&1*)&"G*/#,10)#)0"30/0(+&G*;#
##
>0")*+&G*/# (/%G*D*/J(/%G*D*/# H0"&G(+# &/&# 6*/%# P&+0"H&+G*/# P*1*3# X("/*1# X(2+&2&*]# T*G(1+&#
'6*"&*)]#./2+&+(+#B%*3*#.21*3#@0%0"&#-.B.@8]#'03*"*/%E#
##
!*1*3# 2+(P&# G"&+&G# *1JO("c*/]# D0"+*3*# G*1&# 6*/%# D0"1(# P&1*G(G*/# *P*1*)# G"&+&G# )&2+,"&2&+*2# *1J
O("c*/;# W*)*^*# O("c*/# G&/&# 2(P*)# H0"(D*# +0G2# 6*/%# G0+&G*# )*P&"# H(G*/# H0H*2# /&1*&# P*/# +*/D*#
G,/+0G2;#X(2+0"(#G,/+0G2#B"*H#<K#*H*P#2&1*3#+01*)#30/%G,/2+"(G#i*+*(E#303H0/+(Gj#O("c*/;#BP*1*)#
7()*33*P#2;*;^;]#20,"*/%#&%("#6*/%#2*10)#P*/#H0")*2&1#30/+"*/2,"3*2&G*/#/*1*"#G"&+&2/6*#P*1*3#
H0"P0*1&G+&G*#P0/%*/#"0*1&+*2#B"*H;#@*3(/]#20+01*)#7()*33*P#^**+]#%0/0"*2&#D*24*#7()*33*P#
+0"1&)*+# +&P*G# G"0*+&;;;;;;;!*"&# 20G&*/# H*/6*G# P*+*"# G0+&P*GJG"0*+&*/# %0/0"*2&# D*24*# 7()*33*P]#
6*/%#D*1&/%#30/401*G*G*/#*P*1*)#D03H(G(*/#O("c*/#P0/%*/#P&*10G#O("*&26]#,10)#Q)*1&*)#$23*/#
&H/#B*/#6*/%#P&&G(+&#P0/%*/#G1*&3#,+,"&+*2#3(2)*/6*#20H*%*&#3(2)*#+0"*H2*)#P*/#303H*G*"#
-30/%)&1*/%G*/#D0/%*"()8#3(2)*J3(2)*#3&1&G#2*)*H*+#1*&/;;;;#;;Q0"*/*/6*#3(/4(1#*2(32&#H*)*^*#
D03H(G(*/# O("c*/# )*/6*# 2&*2*+# H*/%2*# O("*&26]# 301*1(&# $23*/]# (/+(G# 303D0"+*)*/G*/#
)0%03,/&/6*#*+*2#3*26*"*G*+#B"*H#iP*/#.21*3j;#90%03,/&#&+(#+*3D*G#Z01*2#+0"D(2*+#D*P*#"*/*)#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<R#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
G0G(*2**/]#*%*3*#P*/#H(P*6*;#!*/#)*/6*#,"*/%#6*/%#30/2*G"*1G*/#O("c*/1*)#6*/%#H0")*2&1#
+0"D0"*/%G*D#2&*2*+#H*/%2*#O("*&26#+0"20H(+;-I<8#
##
'0D0"+&#6*/%#2*6*#G*+*G*/#20H01(3/6*]#&2(#)0"30/0(+&G*#*D*H&1*#P&+0"*DG*/#D*P*#2+(P&#*1J
O("c*/# *G*/# H0"G*&+# P0/%*/# &2(# O("c*/# ?P&2&# Q"&+&2;# ./&# G0"*/*# )0"30/0(+&G*# *P*1*)# 30+,P,1,%&#
D0/+*2&"*/#6*/%#303D0"3*2*1*)G*/#+0G2#6*/%#*G*/#P&+*2&"G*//6*;#BD*H&1*#&+(#+0"Z*P&#D*P*#G*Z&*/#
W&H10]#3*G*#)*1#&+(#*P*1*)#^*Z*"#P*/#3(/*2*H*)]#G0"*/*#303*/%#&+(1*)#"0*1&+&#G&+*H#+0"20H(+;#Y0+*D&#
*D*H&1*#)*1#&+(#P&+0"*DG*/#D*P*#*1JO("c*/]#H(G*/G*)#&+(#H0"0"+&#2(*+(#&G&"*/#G0H01*G*/%h#X01*2#20G*1&#
4*"*# H0"&G&"# 20D0"+&# 6*/%# +0"(/%G*D# D*P*# D0+&G*/# Z("/*1# P&# *+*2# *P*1*)# 4*"*# H0"&G&"# 3(/P("#
G0H01*G*/%;#
##
Q&+*#D(/6*#+"*P&2&#+*2&"#6*/%#+&P*G#P&3&1&G&#,10)#*%*3*J*%*3*#1*&/#6*/%#G&+*H#2(4&/6*#3*2&)#
H0"%01(+#P0/%*/#D0"3*2*1*)*/#+0G2;#'01("()#(3*+#.21*3#20D*G*+#H*)*^*#1**[#*1JO("c*/#*P*1*)#
P*"&#B11*)#2;^;+;#'0+01*)#G020D*G*+*/#&/&]#3*G*#+(%*2#(3*+#.21*3#P*/#D*"*#(1*3*/6*#201*/Z(+/6*#
*P*1*)#30/*2&"G*//6*#*D*H&1*#*P*#*6*+J*6*+#6*/%#D0"1(#P&D0")*1(2&#1*%&;#>",;#@*e(&H#*1JB++*2]#
3&2*1/6*]#D0"/*)#30/%*+*G*/E#
##
,*4224?+ 0K+ V')+ 12;':)2+ 5B+ );02*K0B0;+ *'K:32+ 5B+ K<2+ )K3:;K:32+ 5B+ K<2+ -'*(:'(2+ K<'K+ K<2+ B03)K+
);02*;2+'.5*(+K<2+=:)-0.)+ +K<2+);02*;2+5B+2h2(2)0)+'*4+;5..2*K'3L+!K'B)03#+12;'.2+M5))01-2+
'*4+ ';K:'-0U24d+ '*4+ K<2+ 80*4+ 5B+ 2h2(2)0)+ '*4+ ;5..2*K'3L+ *5K+ i:0K2+ 042*K0;'-+ V0K<+ &3228+
<23.2*2:K0;)?+ *53+ 0*4224+ V0K<+ K<2+ <23.2*2:K0;)+ 5B+ K<2+ J<30)K0'*)?+ *53+ V0K<+ '*L+ [);02*;2[+ 5B+
0*K23M32K'K05*+5B+)';324+);30MK:32+5B+'*L+5K<23+;:-K:32+'*4+;0P0-0U'K05*;#-I=8#
##
BD*H&1*# G&+*# 303D0"+&G*&G*/# +0G2J+0G2# *1JO("c*/]# D*P*)*1# G&+*# +&P*G# D(/6*# 3*2*1*)# &+(]#
H(G*/G*)#&+(#2*+(#G03(/P("*/h#B/0)/6*]#H*%&#%,1,/%*/#.21&H#30/%(H*)J/%(H*)#+0G2#*1JO("c*/#
P&*/%%*D#2*+(#G03*Z(*/;#'**+#&/&#D0/%*"()#)0"30/0(+&G*#2(P*)#3*2(G#G0#D(2*+#D0/%*Z&*/#+&/%%&#
.21*3#P&#./P,/0
,10)#D*"*#3*)*2&2^*#D",%"*3#2+(P&#Y*2&"J9*P&2#P&#$/&50"2&+*2#.21*3#@0%0"&#-$.@8#'6*"&#9&P*6*+(11*)]#
c7*)*2&2^*#P*D*+#30/Z01*2G*/#P*/#30/0"*DG*/#&13(#)0"30/0(+&G*#P*/#203&,+&G*#+0")*P*D#G*Z&*/#
*1JO("c*/#P*/#9*P&2;c#-II8#
##
#
P2%E'-/(/"-'#
##
A0"*G*/#03&/&230#W*"*+#6*/%#H0"+(Z(*/#30^(Z(PG*/#D0"2*3**/#1*G&J1*G&#P*/#D0"03D(*/#-%0/P0"#
0e(*1&+68]#Z(%*#303D0/%*"()&#D03&G&"*/#.21&H;#T03&/&230#*1*#.21&H#H&*2*/6*#30/(/+(+#D0"2*3**/#
)(G(3J)*G*3#26*"&*)#*/+*"*#101*G&#P*/#^*/&+*;#>0"H0[**/#)(G(3#26*"*c#*/+*"*#^*/&+*#P*/#101*G&#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<S#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
.21*3#P&*/%%*D#+&P*G#*P&1#,10)#%,1,/%*/#&/&;#!&#./P,/02&*#)*1#&/&#P&G02*/#P0/%*/#3(/4(1/6*#20H(*)#
G0"+*2# G0"Z*# 6*/%# H0"+*Z(G# aV,(/+0"# C0%*1# !"*+# B+*2# Q,3D&1*2&# 9(G(3# .21*3a# -VC!JQ9.8# ,10)# 2*+(#
Z*^*+*/G(*2*# cQ01,3D,G# Q0"Z*# >0/%*"(2(+*3**/# A0/P0"# ->$A8# !0D*"+030/# B%*3*# F0D(H1&G#
./P,/02&*c# 6*/%# P&D&3D&/# ,10)# !";# 7(2P*)# 7(1&*;# !&# */+*"*# &2(J&2(# 1&H0"*1# P*/# 4,/+",50"2&*1# 6*/%#
P&+&3H(1G*/#P*1*3#VC!JQ9.#&/&#*P*1*)#-IK8#
##
<; >,1&%*3&#+&P*G#2*)#P*/#302+&#P&/6*+*G*/#H*+*1#204*"*#(/P*/%J(/P*/%;#
=; >0"G*)^&/*/#6*/%#H0"H0[*#*%*3*]#+0"3*2(G#*/+*"*#7(21&3*)#P*/#H(G*/#.21*3#302+&#P&G&"*#
2*);#
I; 7*2*#c&PP*)#H(G*/#)*/6*#(/+(G#^*/&+*#2*)*Z*]#+*D&#Z(%*#(/+(G#1*G&J1*G&;#7*2*#c&PP*)#1*G&J1*G&#
*P*1*)#<IU#)*"&;#
K; .2+0"&#H,10)#Z(%*#30/Z*+()G*/#+*1*G;#
L; W*)*%&*/#^*"&2*/#*/*G#1*G&J1*G&#P*/#*/*G#^*/&+*#*P*1*)#2*3*;#
##
W&H&+J
J*/*G#
^*/&+*# +,G,)J+,G,)# /0%*"*^*/# 7*1*62&*;# WWV# @0^2# -`/# C&/08# <<)H# 7*4# =UUN# 3&2*1/6*# +01*)#
30/6&*"G*/#G0/6*+**/#7*"&/*#7*)*+)&"#6*/%#G,/,//6*#cP&#7*1*62&*#^*/&+*#7(21&3#30/Z*P&#3*/%2*#
c*D*"+)0&Pc;#Q*+*#7*"&/*]#a_0#2),(1P#*12,#/,+0#+)*+#,/16#&/#7*1*62&*#*"0#7(21&3#^,30/#"0%"022&/%f#&/#
050"6#,+)0"#7(21&3#4,(/+"6#&/#+)0#^,"1P]#^,30/#)*50#H00/#%*&/&/%#"&%)+2]#/,+#1,2&/%#+)03a#20D0"+&#
6*/%#P&D0+&G#WWV;#Q0/6*+**/#H01&*(#&+(#20H0/*"/6*#H0"4*/%%*)#P0/%*/#"0*1&+&#20H0/*"#P&#3*/*#
^*/&+*#P&#7*1*62&*#303*&/G*/#D0"*/*/#6*/%#10H&)#*G+&#P*1*3#203(*#H&P*/%#G0"Z*6*#P&H*/P&/%G*/#
P0/%*/#G0H*/6*G*/#^*/&+*#P&#/0%*"*J/0%*"*#.21*3#1*&//6*;#
##
B3&/*#_*P(P]#+,G,)#D0/%*2*2#'.']#6*/%#+&P*G#1*3*#P*)(1(#30/%%03D*"G*/#P(/&*#.21*3#
P0/%*/#H0"+&/P*G#20H*%*&#G)*+&H#P*/#&3*3#2,1*+#X(3*c*+]#3*2&)#30/P*D*+#2,G,/%*/#G(*+#P*"&#'.';#
C*3*/#_0H#'.'#2*3D*&#)*"&#&/&#-<=#70&#=UUN8#3*2&)#1*%&#30/6&*"G*/#)(Z*)J)(Z*)#6*/%#30/P,G,/%#
^*/&+*#30/Z*P&#&3*3#H*%&#101*G&;#'01*&/#&+(#G&+*#D(/#+*)(#Z(%*#*P*/6*#)(H(/%*/#G,3(/&G*2&#*/+*"*#
'.'#P*/#X.C#P&#./P,/02&*;#'0H*)*%&*/#30"0G*#H&*2*#H0"G(/Z(/%#G0#D0Z*H*+#X.C#P&#X*1*/#$+*/#Q*6(]#
X*G*"+*#(/+(G#H0"P&2G(2&;#
##
#
Q2%:'(#)#R%
##
.2(#.21&H#^*1*(D(/#D*P*#3(1*/6*#3(/4(1#P&#./P,/02&*#+&P*G#3(2+*)&1#303D0/%*"()&#3*26*"*G*+#
.21*3# P&# 7*1*62&*# Z(%*;# .2(# D1("*1&230# *%*3*# P*/# 03&/&230# /*3D*G/6*# 2(P*)# 3(1*# H0"+*D*G;#
_*1*(D(/# 7*1*62&*# H0"(/+(/%# G0"*/*# (/P*/%J(/P*/%# 6*/%# 30/Z*P&G*/# .21*3# 20H*%*&# *%*3*#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#<M#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
"*23&]#+0+*D&#+0G*/*/#%1,H*1&2*2&#*D*H&1*#+&P*G#P&+*/%*/&#204*"*#H&Z*G2*/*]#H,10)#30/%*G&H*+G*/#
+0")*G&2/6*#(/%2&#(/P*/%J(/P*/%#&/&;#
##
Q,3&+30/#7*1*62&*#6*/%#H0"2&G*D#+0%*2#+0")*P*D#D03&G&"*/#.21&H#D0"1(1*)#P&)*"%*&;#!*1*3#
2("*+#G)*H*"#$+(2*/#7*1*62&*]#=<#70&#=UUL#70/+0"&#P&#X*H*+*/#>0"P*/*#70/+0"&]#!*+(G#!";#BHP(11*)#
7P;#g&/#30/%&/%*+G*/#(3*+#.21*3#P&#/0%*"*#&/&#2(D*6*#+&P*G#+0"D0/%*"()#P0/%*/#*)*3*/#.21*3#
1&H0"*1#G0"*/*#&*#H0"+0/+*/%*/#P0/%*/#*G&P*)#P*/#26*"&*+#.21*3;#Q*+*/6*]#&/&#H,10)#P&1&)*+#301*1(&#
D"&/2&D# *)*3*/# &/&# 6*/%# 301&)*+# 202(*+(# D0"G*"*# P*1*3# G0)&P(D*/# 30/%&G(+# D0/0"&3**/#
3*26*"*G*+#203*2*]#30/%(+*3*G*/#"*2&,/*1#D03&G&"*/#203*+*J3*+*#P*/#30/%*/%%*D#203(*#
*%*3*# *P*1*)# 2*3*;# a!*/# D*1&/%# H*)*6*# 20G*1&# *Z*"*/# &/&# +("(+# P&20H*"G*/# 301*1(&# 20"*/%*/#
D03&G&"*/# 6*/%# P&H(*+# 204*"*# )*1(2;;;# 7*1*)]# D0/%&G(+# *)*3*/# &/&# +01*)# 30^(Z(PG*/# 20H(*)#
H*P*/# 6*/%# P&G0/*1&# 20H*%*&# X*"&/%*/# .21*3# C&H0"*1# 6*/%# H0"+(Z(*/# (/+(G# 30/60H*"G*/# 201(*2J
1(*2/6*#*)*3*/#&/&#P&#2*3D&/%#30^(Z(PG*/#"*/%G*&*/#G0#/0%*"*J/0%*"*#1*&/;a#W*%*&3*/*D(/#
G*+*/6*]#7*1*62&*#6*/%#Z01*2#+0"3*G+(H#.21*3#20H*%*&#*%*3*#"*23&/6*#+0+*D#*G*/#30/%)*1*/%#
D0"G03H*/%*/# &/&# ^*1*(# 301*1(&# *D*# 4*"*# 20G*1&# D(/;# aQ&+*# *G*/# 30/%%(/*G*/# 20%*1*# 2*1("*/#
204*"*#H0"20D*P(#P*/#+0"*/4*/%#H0"3(1*#P*"&#D0/P&P&G*/#)&/%%*1*)#G0#D0/%(*+G(*2**/#(/P*/%J
(/P*/%#H*%&#30301&)*"*#*G&P*)#(3*+#.21*3#P&#/0%*"*#&/&]a#+*3H*)/6*;#
##
7(P*)J3(P*)*/# B11*)# 301&/P(/%&# ./P,/02&*# P*/# 7*1*62&*# P*"&# &+/*)# D03&G&"*/# .21*3#
C&H0"*1;#B3&/#b*#F*HH*1#cB1*3&/;#
##
#
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#=U#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
%
7#K#F+(E#
##
<;# C&)*+# C0,/*"P# W&/P0"]# .21*3&4# C&H0"*1&23E# V"&+&e(0# ,# !0501,D30/+# .P0,1,%&02]# V)&4*%,E# Y)0# $/&50"2&+6# ,#
V)&4*%,#>"022]#<MSS;#
=;#V)*"102#Q("[3*/]#C&H0"*1#.21*3#J#B#',("40H,,G]#@0^#b,"GE#`d,"P#$/&50"2&+6#>"022]#<MMS;#
I;#C&)*+#A"0%#W*"+,/]#Y)0#?30"%0/40#,#@0,J7,P0"/&23E#B#>",%"022&50]#C&H0"*1#7,5030/+#,#.21*3&4#Y),(%)+]#
<MML;#W(G(#&/&#D*P*#*2*1/6*#*P*1*)#P&20"+*2&#>);!#P&#7,/*2)#$/&50"2&+6]#B(2+"*1&*;#
K;#!"2;#@("4),1&2#7*PZ&P]#a'0G*1&#C*%&#Y0/+*/%#'0G(1*"&2*2&a]#P*1*3#Q,"0G2&#Y0")*P*D#!"2;#@("4),1&2#7*PZ&P#Y0/+*/%#
'0G(1*"&2*2&]#,10)#>",;#!";#9;7;#F*2Z&P&]#X*G*"+*E#W(1*/#W&/+*/%]#A0+;#=]#<MRR]#3;2;#II;##
L;# 9*"506# V,d]# Y)0# '04(1*"# V&+6E# '04(1*"&[*+&,/# */P# $"H*/&[*+&,/# &/# Y)0,1,%&4*1# >0"2D04+&50]# @0^# b,"GE# Y)0#
7*43&11*/#V,3D*/6]#i<MNLj#"05;#0P;#<MNR;#
N;#>",;#!";#9;7;#F*2Z&P&]#Q,"0G2&#Y0")*P*D#!"2;#@("4),1&2#7*PZ&P#Y0/+*/%#'0G(1*"&2*2&]#X*G*"+*E#W(1*/#W&/+*/%]#A0+;#
=]#<MRR]#3;2;#<S;#'0+0"(2/6*#P&D0+&G#20H*%*&#F*2Z&P&;#
R;#F*2Z&P&]#3;2;#KR;#
S;#.H&P;]#LS;#
M;#.H&P;]#SL;#
<U;#7*Z*1*)#Y03D,]#0P&2&#<MJ=L#@,503H0"#=UU<;#
<<;#_*Z*)#.21*3#C&H0"*1#P&#./P,/02&*]#X*"&/%*/#.21*3#C&H0"*1]#X*G*"+*]#3;2;#=I=J=II;#
<=;# C&)*+# '60P# 7()*33*P# @*e(&H# *1JB++*2]# .21*3# */P# '04(1*"&23]# Q(*1*# C(3D("E# .'YBV]# <MMIf# P&+0"H&+G*/#
D0"+*3*#G*1&#+*)(/#<MRS#,10)#B/%G*+*/#W01&*#.21*3#7*1*62&*#-BW.78;#
<I;#C&)*+#b(2(#*1JO*"*P*^&]#*1J.21*3#^*#*1Jc.13*/&66*)#_*Z)*/#1&#_*Z)&/]#A0+;#R]#Q*&",E#7*G+*H*)#_*)H*)]#<MRR;#
<K;#>0/(1&2#D0"/*)#30/6*3D*&G*/#G0"+*2#G0"Z*#P*1*3# 203&/*"# >03&G&"*/#*1JO*"*P*^&#6*/%#P&*/Z("G*/#,10)#
T*G(1+&# >0/%*Z&*/# .21*3# $/&50"2&+&# 7*1*6*# D*P*# <=J<I# X*/(*"&# =UUI# P0/%*/# +*Z(G# a*1JB++*2# P*/# *1JO*"*P*^&#
70/%0/*&#.21*3#P*/#'0G(1*"&230E#X*^*D*/#Y0%*2#!(*#.13(^*/#.21*3#'03*2*a;#Q03(P&*/#P&+0"H&+G*/#P*1*3#
BG*"#J#X("/*1#BG&P*)#P*/#>03&G&"*/#.21*3]#$/&50"2&+&#7*1*6*]#70&JX(/#=UU=]#3;2;#<KIJ<NK;#
<L;#C&)*+#B/&2#7*1&G#Y),)*]#Y"0/#>1("*1&230#B%*3*]#X*G*"+*E#A03*#./2*/&#>"022]#=UUL;#
<N;#$/+(G#303*)*3&#G0P(*JP(*#*1&"*/#D1("*1&230#&/&]#1&)*+#3&2*1/6*]#B/&2#7*1&G#Y),)*]#aQ,/20D#_,"1P#Y)0,1,%6#
P*/# A1,H*1# Y)0,1,%6# J# ?G2D,2&2&# !,G+"&/# >1("*1&230# B%*3*# '3&+)# P*/# 9&4Ga]#.21*3&*# J# 7*Z*1*)# >03&G&"*/# P*/#
>0"*P*H*/#.21*3]#Y)/#<]#/,;#K]#X*/(*"&#J#7*4#=UUL]#3;2;#KSJNU;#
<R;#C&)*+#3&2*1/6*]#BP/*/#B2&*/]#F01&%&,(2#>1("*1&23#&/#V)"&2+&*/#*/P#.21*3&4#>)&1,2,D)6#J#Y)0#Y),(%)+#,#X,)/#9&4G#
*/P#'0660P#9,220&/#@*2"]#C,/P,/E#V("[,/]#<MMK;#
<S;#@()#9*#7&3#Q0110"]#F01&*/40#,#+)0#Y"*50110"]#F05;#?P;]#?5*/2+,/E#'("3*#W,,G2]#<MMK]#3;2;#<UML;#
<M;#Y&%*#B%*3*#'*+(#Y()*/]#W*/P(/%E#7&[*/]#<MMM]#3;2;#d&d;#
=U;#!&D0+&G#P*"&#2("*+#G)*H*"#j*^*#>,2]#<<#X*/(*"&#=UUK;#
=<;#!&D0+&G#P*"&#3*Z*1*)#A*+"*]#=<#!&203H0"#=UU=;#
==;#!&D0+&G#P*"&#2("*+#G)*H*"#Q,3D*2]#<S#@,503H0"#=UU=#
=I]#!&D0+&G#P*"&#1*3*/#.21&H;#
=K;#C&)*+#V)*"102#Q&3H*11]#_)0/#F01&%&,/#W04,302#?5&1]#
=L#!&G01(*"G*/#,10)#'04"0+*"&*+#BVV.@#-B11&0P#V,,"P&/*+&/%#V,33&++00#,#.21*3&4#@A`c28#6*/%#H0"*1*3*+#P&#
B/%G*+*/#W01&*#.21*3#7*1*62&*#-BW.78]#B/Z(/%#F*)3*+]#W*+(#N]#X*1*/#A,3H*G]#LI<UU#Q(*1*#C(3D("f#*+*(#1&)*+#
1*3*/#^^^;%0,4&+&02;4,3:H*/+*)J&4#
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#=<#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
=N#C&)*+#*"+&G01/6*#a?P&2&#Q"&+&2#*1JO("c*/a#P*1*3#_*Z*)#.21*3#C&H0"*1#P&#./P,/02&*]#X*G*"+*E#X.C]#=UU=;#
=R;#C&)*+]#$%&#'()*"+,]#a$D*6*#70"(/+()G*/#7(2)*#$+)3*/&#!*"&#!*)(1(#'0)&/%%*#Q&/&a#P*1*3#W(110+&/#*1J9&G3*)#
.'YBV]#/,;#<]#+*)(/#S]#=UU=]#3;2;#<NJKU;#'&1*#1&)*+#cC*3D&"*/c#(/+(G#30/%&G(+&#P&*1,%#+0"20H(+#
=S;#./&# *P*1*)# G*+*JG*+*# C(+)&0# B26*(G*/&]# 2*1*)# 20,"*/%# *G+&&2# X.C]# ^0H2&+0#&21&H;# !&D0+&G# P*"&# BP&*/# 9(2*&/&]#
90%03,/&#Q"&2+0/#W*"*+#!*1*3#'+(P&#.21*3#P&#>0"%("(*/#Y&/%%&]#X*G*"+*E#A03*#./2*/&]#=UUN]#3;2;#<=I;#
=M;#A0"PJF#>(&/]#a`H20"5*+&,/#,/#?*"16#O("c*/#7*/(24"&D+#&/#'*/c*a#P*1*3#Y)0#O("c*/#*2#Y0d+]#0P;#'+0*/#_&1P]#
C0&P0/E#?;X;#W"&11]#<MMN]#3;2;#<UR;#
IU;#?/4641,D*0P&*#W"&+*//&4*]#0P&2&#G0#<L#-<MML8]#LE#SRK]#<H;#
I<;#X("/*1#X(2+&2&*]#?P&2&#=I]#+)/;#k.]#=UUI;#!&D0+&G#P*"&#BP&*/#9(2*&/&]#,D;#4&+]#3;2;#<LN;#
I=#;#'60P#7()*33*P#@*e(&H#*1JB++*2]#Y)0#V,/40D+#,#?P(4*+&,/#&/#.21*3]#Q(*1*#C(3D("E#.'YBV]#<MMM#i+0"H&+#
D0"+*3*#+)/;#<MSUj]#3;2;#K;#
II;#BP&*/#9(2*&/&]#&H&P;]#=RR;#
IK;#.H&P;]#=NNJ=NR;#
##
l#a23K')+a23>'+0*0+4012*K'*(8'*+4'-'.+ I2.0*'3+C*;'.'*+,)-'.+/0123'- +'*>:3'*+a23'>''*+a2-'*K'*+
4'*+ &'1:*('*+ 723)'K:'*+ 735B2)05*'-+ a2-'*K'*?+ 40+ Q'-'0+ ,)-'.?+ /:*4'*(?+ a5K'+ Q'<'3:?+ a2-'*K'*?+
M'4'+Z<1%+^:*?+$NNT%+@0)0'38'*+)2.:-'+42*('*+0U0*+M2*2310K+@0'*+@'3:-*'0.+I4*+Q<4+!@2*('*+)24080K+
M0*4''*#%+C3K082-+')'-+K2-'<+40):*K0*(+5-2<+240K53+VVV%4'3:-8':K)'3%*2K+4'*+12123'M'+M0*4''*+K2-'<+
401:'K+K23:K'.'*L'+'-0<+1'<')'+4'30+Q'<')'+,*45*2)0'+82M'4'+Q'<')'+=2-'L:%+
+
I:.1236+<KKM6jjVVV%4'3:-8':K)'3%*2Kj'3K0;-2%M<MfC3K0;-2,@kZG"+
+<KKM6jjVVV%4'3:-8':K)'3%*2Kj'3K0;-2%M<MfC3K0;-2,@kFFT+
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#==#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
%
S6@6>;6>%?6S66>%.6>T5A%G$%
%
6.!76>% %
<; .21*3#B/P#'04(1*"&23#
=; 9*G&G*+#'0G(1*"&230#!*/#Q*0P*)#>0/60H*"*//6*#
I; >0"+0/+*/%*/#.21*3#!*/#'0G(1*"E#'0G(1*"#>*2+&#Y0"2(/%G("#
K; W*)*6*#>03&G&"*/#Q01,3D,G#B)H*2)#
%
47!&A!6>!&6&!%
<; Q0D*12(*/#'(3H0"#B%*3*#Q"&2+&*/#E#>0/%*2*2#P*/#Q&+*H/6*#
=; !&*1,%#W0"2*3*#>*P0"&#J#W0/*"G*)#@*H&#.2*#!&2*1&H#
I; 7(H*1&%)#Q"&2+&*/#70/60"*/%#!(/&*#.21*3##
%
&U!6C%%
<; W*)*6*#'6&*)#Q0D*P*#Be&P*)#]#'6*"&*)]#BG)1*G]#$33*)#!*/#@0%*"*#
=; #
I; >0/Z01*2*/#Y0")*P*D#T*)*3*/#'6&*)#
K; '0Z*"*)#'6&*)#
L; >0"2*3**/#'6&*)#!*/#b*)(P&#-!*/#@*2"*/&8#
N; #
%
A6&65E%
<; W01&+*/#.H12#!*1*3#BZ*"*/#Y*"&e*+#
=; >0/6010^0/%*/#BZ*"*/#7*"+*H*+#Y(Z()#
I; Y*"&e*+#@*226*H*/P&*)#B1JB1&66*)#'60&G)#@*[&3#B1J9*ee*/#
K; _*1&#O(+H]#BHP*1#B^+*H]# J%)*&H#!*/#F&Z*1#B11*)#
L; #Y*2*^(#.21*3#!&#B+*2#@0"*4*#>0"+&3H*/%*/#
#
5858%
<; >0/6010^0/%*/#Be&P*)# #.2(]#7*2*1*)#!*/#V*"*#>0/60102*&*//6*#
=; 9*G&G*+#'&)&"#!*/#>0"P(G(/*/#
I; Q0G*"(+*/#'0G&+*"#Q*6(#Q,GG*#
K; 70/6&/%G*D#F*)2&*#!&20H*1&G#Q0Z*P&*/#@("#7()*33*P#
L; '("*+#W0"*/+*&#W,10)#70/60H*HG*/#'6&"&G##
N; '(2(G# #BP*#$/2("#'6&"&G#
%
%
!!!"#$%&'($&)*$%"+,)-
!
9*1*3*/#$+*3*# # #3:2;#=I#
!
2*&32*&-4,+)%$'-2*'$5-617,%$'-
%:3.?6;6!%
%
9*P&+)##
J%>0/%*Z&*/#B1J9*P&+)#!*/#Y(/+(+*/#7*2*G&/&#
J#MM#$2(1#!&"*6*)#$/+(G#70/%0/*1#>*2+&#9*P&+2J9*P&+2#!)*m&#!*/#7*(P)(m#
#
'6*"&*+##
J% #,10)#>",#!"#b(2(#O*"P)*^6#
J# #
%
7*26*"*G*+#n#',2&*1%%
J%Q02*1*)*/JQ02*1*)*/#!*1*3#703H0"&#@*3*#
J#Q02*1*)*/JQ02*1*)*/#!&#P*1*3#70/(+(D#B("*+#
#
'0Z*"*)#P*/#'&"*)%%
J% #Q)*1&*)#F*2)&P#b*/%#Y0"*/&*6*#
J#'6&*)#>03H(/()#'*66&P&/*#9(2*&/#!&#Q*"H*1*#
J# #
#
Q0&/P*)*/#.21*3#
"!Y)0#B3*[&/%#O("c*/#H6#A*"6#7&110"#
J#B3&/*)#B2J'&13&#E#B#A&"1#`/#B#7&22&,/#
J#T*12**)#>,1&+&G#!&#'0H*1&G#'03H*)6*/%#W0"Z03**)#
#
!

More Related Content

What's hot

Public international-law-notesp
Public international-law-notespPublic international-law-notesp
Public international-law-notesp
Amita Pradhan
 
guia para la remineralizacion de aguas desaladas.PDF
guia para la remineralizacion de aguas desaladas.PDFguia para la remineralizacion de aguas desaladas.PDF
guia para la remineralizacion de aguas desaladas.PDF
home
 
Apostila baixo
Apostila baixoApostila baixo
Apostila baixo
ewsanttos
 
Group 5 Revised Country Profile
Group 5 Revised Country ProfileGroup 5 Revised Country Profile
Group 5 Revised Country Profile
Sarah Iskander
 
Jamie Yeung Undergrad Research
Jamie Yeung Undergrad ResearchJamie Yeung Undergrad Research
Jamie Yeung Undergrad Research
Jamie Yeung
 
Rachel Greenstadt: Security and Virtualized Environments: An Overview
Rachel Greenstadt: Security and Virtualized Environments: An OverviewRachel Greenstadt: Security and Virtualized Environments: An Overview
Rachel Greenstadt: Security and Virtualized Environments: An Overview
Evangeline
 

What's hot (17)

QUIETING THE ECHOES - a case study for creatives
QUIETING THE ECHOES - a case study for creativesQUIETING THE ECHOES - a case study for creatives
QUIETING THE ECHOES - a case study for creatives
 
Public international-law-notesp
Public international-law-notespPublic international-law-notesp
Public international-law-notesp
 
Nutrición básica
Nutrición básicaNutrición básica
Nutrición básica
 
Sponsor benefits and media plan
Sponsor benefits and media planSponsor benefits and media plan
Sponsor benefits and media plan
 
Gate ee previous year papers 1992 2010
Gate ee previous year papers 1992   2010Gate ee previous year papers 1992   2010
Gate ee previous year papers 1992 2010
 
Essentials of ramadan the month of fasting (australian islamic library - ww...
Essentials of ramadan   the month of fasting (australian islamic library - ww...Essentials of ramadan   the month of fasting (australian islamic library - ww...
Essentials of ramadan the month of fasting (australian islamic library - ww...
 
2010 UCLA State Farm Plans Book
2010 UCLA State Farm Plans Book2010 UCLA State Farm Plans Book
2010 UCLA State Farm Plans Book
 
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...
Fachada - O verdadeiro cartão de visita de uma loja. Artigo para a Edição 452...
 
Notes hadeeth
Notes hadeethNotes hadeeth
Notes hadeeth
 
guia para la remineralizacion de aguas desaladas.PDF
guia para la remineralizacion de aguas desaladas.PDFguia para la remineralizacion de aguas desaladas.PDF
guia para la remineralizacion de aguas desaladas.PDF
 
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.
Articulo 416 LeCrim. La dispensa de la Obligación de Declarar.
 
Webservice study material axis2
Webservice study material   axis2Webservice study material   axis2
Webservice study material axis2
 
Apostila baixo
Apostila baixoApostila baixo
Apostila baixo
 
Group 5 Revised Country Profile
Group 5 Revised Country ProfileGroup 5 Revised Country Profile
Group 5 Revised Country Profile
 
Jamie Yeung Undergrad Research
Jamie Yeung Undergrad ResearchJamie Yeung Undergrad Research
Jamie Yeung Undergrad Research
 
Kuwait - Introduction
Kuwait - IntroductionKuwait - Introduction
Kuwait - Introduction
 
Rachel Greenstadt: Security and Virtualized Environments: An Overview
Rachel Greenstadt: Security and Virtualized Environments: An OverviewRachel Greenstadt: Security and Virtualized Environments: An Overview
Rachel Greenstadt: Security and Virtualized Environments: An Overview
 

Viewers also liked

ActivSpaces Cameroon Al Banda Incubating Start Ups
ActivSpaces Cameroon Al Banda Incubating Start UpsActivSpaces Cameroon Al Banda Incubating Start Ups
ActivSpaces Cameroon Al Banda Incubating Start Ups
Web Gathering
 
Social studies lesson plan #4
Social studies lesson plan #4Social studies lesson plan #4
Social studies lesson plan #4
Tracie Toy
 
Chronische ohrentzündungen
Chronische ohrentzündungenChronische ohrentzündungen
Chronische ohrentzündungen
Otologics
 
Round table xaas_sgs_productporfolio(2010-nov-03)
Round table xaas_sgs_productporfolio(2010-nov-03)Round table xaas_sgs_productporfolio(2010-nov-03)
Round table xaas_sgs_productporfolio(2010-nov-03)
vyeliseyev
 
Ignite Presentation Measure This
Ignite Presentation Measure ThisIgnite Presentation Measure This
Ignite Presentation Measure This
KMK Media Group
 

Viewers also liked (17)

Fea of pcb multilayer stack up high voltage planar transformer for aerospace...
Fea of  pcb multilayer stack up high voltage planar transformer for aerospace...Fea of  pcb multilayer stack up high voltage planar transformer for aerospace...
Fea of pcb multilayer stack up high voltage planar transformer for aerospace...
 
Kebenaran al qur’an
Kebenaran al qur’anKebenaran al qur’an
Kebenaran al qur’an
 
ActivSpaces Cameroon Al Banda Incubating Start Ups
ActivSpaces Cameroon Al Banda Incubating Start UpsActivSpaces Cameroon Al Banda Incubating Start Ups
ActivSpaces Cameroon Al Banda Incubating Start Ups
 
Этническая чувашия
Этническая чувашияЭтническая чувашия
Этническая чувашия
 
Presentacion psicología forense
Presentacion psicología forensePresentacion psicología forense
Presentacion psicología forense
 
Составьте список ваших страхов
Составьте список ваших страховСоставьте список ваших страхов
Составьте список ваших страхов
 
día del logro
día del logrodía del logro
día del logro
 
Crea session one with feedback
Crea session one with feedbackCrea session one with feedback
Crea session one with feedback
 
Social studies lesson plan #4
Social studies lesson plan #4Social studies lesson plan #4
Social studies lesson plan #4
 
Chronische ohrentzündungen
Chronische ohrentzündungenChronische ohrentzündungen
Chronische ohrentzündungen
 
Nominalia and Simply @ Congreso web
Nominalia and Simply @ Congreso webNominalia and Simply @ Congreso web
Nominalia and Simply @ Congreso web
 
EL PRECIO Y LA FIJACION DEL PRECIO
EL PRECIO Y LA FIJACION DEL PRECIOEL PRECIO Y LA FIJACION DEL PRECIO
EL PRECIO Y LA FIJACION DEL PRECIO
 
Ngn. мобильность и коммуникации
Ngn. мобильность и коммуникацииNgn. мобильность и коммуникации
Ngn. мобильность и коммуникации
 
Cpd 2008
Cpd 2008Cpd 2008
Cpd 2008
 
Round table xaas_sgs_productporfolio(2010-nov-03)
Round table xaas_sgs_productporfolio(2010-nov-03)Round table xaas_sgs_productporfolio(2010-nov-03)
Round table xaas_sgs_productporfolio(2010-nov-03)
 
Henriqueta1
Henriqueta1Henriqueta1
Henriqueta1
 
Ignite Presentation Measure This
Ignite Presentation Measure ThisIgnite Presentation Measure This
Ignite Presentation Measure This
 

Similar to Ebook isu isu sentral islam liberal

Monthly report functional - may 2013
Monthly report   functional - may 2013Monthly report   functional - may 2013
Monthly report functional - may 2013
Leonardo Silveira
 
925 W. Jackson Case Study_DSK
925 W. Jackson Case Study_DSK925 W. Jackson Case Study_DSK
925 W. Jackson Case Study_DSK
Deanna Kouskoulas
 
Darren stanley
Darren stanleyDarren stanley
Darren stanley
bicacafe
 
Interview with Ryan Kalil and Dwayne Jarrett
Interview with Ryan Kalil and Dwayne Jarrett Interview with Ryan Kalil and Dwayne Jarrett
Interview with Ryan Kalil and Dwayne Jarrett
Natalie Hills
 
Critical thinking rubric
Critical thinking rubricCritical thinking rubric
Critical thinking rubric
Timothy Welsh
 
Digitaal erfgoed voor het onderwijs
Digitaal erfgoed voor het onderwijsDigitaal erfgoed voor het onderwijs
Digitaal erfgoed voor het onderwijs
Erfgoed 2.0
 

Similar to Ebook isu isu sentral islam liberal (20)

Zharfan comments
Zharfan commentsZharfan comments
Zharfan comments
 
Coaching protocols
Coaching  protocolsCoaching  protocols
Coaching protocols
 
Apps Market Research
Apps Market ResearchApps Market Research
Apps Market Research
 
Monthly report functional - may 2013
Monthly report   functional - may 2013Monthly report   functional - may 2013
Monthly report functional - may 2013
 
Scones
SconesScones
Scones
 
925 W. Jackson Case Study_DSK
925 W. Jackson Case Study_DSK925 W. Jackson Case Study_DSK
925 W. Jackson Case Study_DSK
 
Camino orar7dias
Camino orar7diasCamino orar7dias
Camino orar7dias
 
Rf&b2
Rf&b2Rf&b2
Rf&b2
 
Darren stanley
Darren stanleyDarren stanley
Darren stanley
 
Interview with Ryan Kalil and Dwayne Jarrett
Interview with Ryan Kalil and Dwayne Jarrett Interview with Ryan Kalil and Dwayne Jarrett
Interview with Ryan Kalil and Dwayne Jarrett
 
Panthers
Panthers Panthers
Panthers
 
Panthers
Panthers Panthers
Panthers
 
História da administração faculdade shalom
História da administração   faculdade shalomHistória da administração   faculdade shalom
História da administração faculdade shalom
 
Critical thinking rubric
Critical thinking rubricCritical thinking rubric
Critical thinking rubric
 
Digitaal erfgoed voor het onderwijs
Digitaal erfgoed voor het onderwijsDigitaal erfgoed voor het onderwijs
Digitaal erfgoed voor het onderwijs
 
Materializing Energy
Materializing EnergyMaterializing Energy
Materializing Energy
 
Projet Sponsoring Paris Football Club
Projet Sponsoring Paris Football ClubProjet Sponsoring Paris Football Club
Projet Sponsoring Paris Football Club
 
Pan au chocolate
Pan au chocolatePan au chocolate
Pan au chocolate
 
PTCE présentation
PTCE présentationPTCE présentation
PTCE présentation
 
FPC Seven to Save 2009
FPC Seven to Save 2009FPC Seven to Save 2009
FPC Seven to Save 2009
 

More from Abu Muhammad

More from Abu Muhammad (20)

Mengenali Syiah Melalui Kitab-Kitab Mereka
Mengenali Syiah Melalui Kitab-Kitab MerekaMengenali Syiah Melalui Kitab-Kitab Mereka
Mengenali Syiah Melalui Kitab-Kitab Mereka
 
Benarkah Dukun Mengetahui Perkara Ghaib?
Benarkah Dukun Mengetahui Perkara Ghaib?Benarkah Dukun Mengetahui Perkara Ghaib?
Benarkah Dukun Mengetahui Perkara Ghaib?
 
RUKUN IMAN - Ringkas Dan Padat
RUKUN IMAN - Ringkas Dan Padat RUKUN IMAN - Ringkas Dan Padat
RUKUN IMAN - Ringkas Dan Padat
 
Perkara Yang Merosakkan Iman
Perkara Yang Merosakkan ImanPerkara Yang Merosakkan Iman
Perkara Yang Merosakkan Iman
 
Fiqh Keutamaan - Dr. Yusof al-Qardhawi
Fiqh Keutamaan - Dr. Yusof al-QardhawiFiqh Keutamaan - Dr. Yusof al-Qardhawi
Fiqh Keutamaan - Dr. Yusof al-Qardhawi
 
Isu-isu Tentang Jenazah Dan Kematian
Isu-isu Tentang Jenazah Dan KematianIsu-isu Tentang Jenazah Dan Kematian
Isu-isu Tentang Jenazah Dan Kematian
 
Solat : Jangan Abai Toma'ninah
Solat : Jangan Abai Toma'ninahSolat : Jangan Abai Toma'ninah
Solat : Jangan Abai Toma'ninah
 
Perpaduan Salaf dan Khalaf
Perpaduan Salaf dan KhalafPerpaduan Salaf dan Khalaf
Perpaduan Salaf dan Khalaf
 
The Amazing Quran
The Amazing QuranThe Amazing Quran
The Amazing Quran
 
Kesalahan Dalam Memberi Nama
Kesalahan Dalam Memberi NamaKesalahan Dalam Memberi Nama
Kesalahan Dalam Memberi Nama
 
99 Usul Kenali Hadith Dhaif Dan Palsu
99 Usul Kenali Hadith Dhaif Dan Palsu99 Usul Kenali Hadith Dhaif Dan Palsu
99 Usul Kenali Hadith Dhaif Dan Palsu
 
Belitan Iblis Dalam Ajaran Tariqat
Belitan Iblis Dalam Ajaran TariqatBelitan Iblis Dalam Ajaran Tariqat
Belitan Iblis Dalam Ajaran Tariqat
 
Surat Berantai Boleh Menyebabkan Syirik
Surat Berantai Boleh Menyebabkan SyirikSurat Berantai Boleh Menyebabkan Syirik
Surat Berantai Boleh Menyebabkan Syirik
 
Syiah Rafidhah - Di antara Kecuaian Ulama' Dan Kebingungan Ummah
Syiah Rafidhah -  Di antara Kecuaian Ulama' Dan Kebingungan UmmahSyiah Rafidhah -  Di antara Kecuaian Ulama' Dan Kebingungan Ummah
Syiah Rafidhah - Di antara Kecuaian Ulama' Dan Kebingungan Ummah
 
Bukti Kesesatan Syiah Dari Kitab-kitab Mereka
Bukti Kesesatan Syiah Dari Kitab-kitab Mereka Bukti Kesesatan Syiah Dari Kitab-kitab Mereka
Bukti Kesesatan Syiah Dari Kitab-kitab Mereka
 
The Deviant Shiites (Page 3 of 4)
The Deviant Shiites (Page  3 of 4)The Deviant Shiites (Page  3 of 4)
The Deviant Shiites (Page 3 of 4)
 
The Deviant Shiites (Page 3 of 4)
The Deviant Shiites (Page  3 of 4)The Deviant Shiites (Page  3 of 4)
The Deviant Shiites (Page 3 of 4)
 
The Deviant Shiites (Page 2 of 4)
The Deviant Shiites (Page  2 of 4)The Deviant Shiites (Page  2 of 4)
The Deviant Shiites (Page 2 of 4)
 
The Deviant Shiites (Page 1 of 4)
The Deviant Shiites (Page 1 of 4)The Deviant Shiites (Page 1 of 4)
The Deviant Shiites (Page 1 of 4)
 
Risalah "Syiah Yang Seat Dan Menyesatkan" ms. 4 dari 4
Risalah "Syiah Yang Seat Dan Menyesatkan" ms. 4 dari 4Risalah "Syiah Yang Seat Dan Menyesatkan" ms. 4 dari 4
Risalah "Syiah Yang Seat Dan Menyesatkan" ms. 4 dari 4
 

Recently uploaded

Real Kala Jadu, Black magic specialist in Lahore and Kala ilam expert in kara...
Real Kala Jadu, Black magic specialist in Lahore and Kala ilam expert in kara...Real Kala Jadu, Black magic specialist in Lahore and Kala ilam expert in kara...
Real Kala Jadu, Black magic specialist in Lahore and Kala ilam expert in kara...
baharayali
 
Amil baba, Kala ilam expert in Multan and Black magic specialist in Sindh and...
Amil baba, Kala ilam expert in Multan and Black magic specialist in Sindh and...Amil baba, Kala ilam expert in Multan and Black magic specialist in Sindh and...
Amil baba, Kala ilam expert in Multan and Black magic specialist in Sindh and...
baharayali
 
Top Kala Jadu, Bangali Amil baba in Lahore and Kala jadu specialist in Lahore...
Top Kala Jadu, Bangali Amil baba in Lahore and Kala jadu specialist in Lahore...Top Kala Jadu, Bangali Amil baba in Lahore and Kala jadu specialist in Lahore...
Top Kala Jadu, Bangali Amil baba in Lahore and Kala jadu specialist in Lahore...
baharayali
 
Best Astrologer Vashikaran Specialist in Germany and France Black Magic Exper...
Best Astrologer Vashikaran Specialist in Germany and France Black Magic Exper...Best Astrologer Vashikaran Specialist in Germany and France Black Magic Exper...
Best Astrologer Vashikaran Specialist in Germany and France Black Magic Exper...
Amil Baba Naveed Bangali
 

Recently uploaded (20)

Genesis 1:7 || Meditate the Scripture daily verse by verse
Genesis 1:7  ||  Meditate the Scripture daily verse by verseGenesis 1:7  ||  Meditate the Scripture daily verse by verse
Genesis 1:7 || Meditate the Scripture daily verse by verse
 
St John's Church Parish Diary for May 2024
St John's Church Parish Diary for May 2024St John's Church Parish Diary for May 2024
St John's Church Parish Diary for May 2024
 
The Revelation Chapter 4 Working Copy.docx
The Revelation Chapter 4 Working Copy.docxThe Revelation Chapter 4 Working Copy.docx
The Revelation Chapter 4 Working Copy.docx
 
"The Magnificent Surah Rahman: PDF Version"
"The Magnificent Surah Rahman: PDF Version""The Magnificent Surah Rahman: PDF Version"
"The Magnificent Surah Rahman: PDF Version"
 
Real Kala Jadu, Black magic specialist in Lahore and Kala ilam expert in kara...
Real Kala Jadu, Black magic specialist in Lahore and Kala ilam expert in kara...Real Kala Jadu, Black magic specialist in Lahore and Kala ilam expert in kara...
Real Kala Jadu, Black magic specialist in Lahore and Kala ilam expert in kara...
 
No 1 Amil baba in Karachi Amil baba in Pakistan Asli Amil baba in Hyderabad
No 1 Amil baba in Karachi Amil baba in Pakistan Asli Amil baba in HyderabadNo 1 Amil baba in Karachi Amil baba in Pakistan Asli Amil baba in Hyderabad
No 1 Amil baba in Karachi Amil baba in Pakistan Asli Amil baba in Hyderabad
 
May 2024 Calendar of Events for Hope Lutheran Church
May 2024 Calendar of Events for Hope Lutheran ChurchMay 2024 Calendar of Events for Hope Lutheran Church
May 2024 Calendar of Events for Hope Lutheran Church
 
Amil baba, Kala ilam expert in Multan and Black magic specialist in Sindh and...
Amil baba, Kala ilam expert in Multan and Black magic specialist in Sindh and...Amil baba, Kala ilam expert in Multan and Black magic specialist in Sindh and...
Amil baba, Kala ilam expert in Multan and Black magic specialist in Sindh and...
 
NoHo First Good News online newsletter May 2024
NoHo First Good News online newsletter May 2024NoHo First Good News online newsletter May 2024
NoHo First Good News online newsletter May 2024
 
Elite Class ➥8448380779▻ Call Girls In Naraina Delhi NCR
Elite Class ➥8448380779▻ Call Girls In Naraina Delhi NCRElite Class ➥8448380779▻ Call Girls In Naraina Delhi NCR
Elite Class ➥8448380779▻ Call Girls In Naraina Delhi NCR
 
A Spiritual Guide To Truth v10.pdf xxxxxxx
A Spiritual Guide To Truth v10.pdf xxxxxxxA Spiritual Guide To Truth v10.pdf xxxxxxx
A Spiritual Guide To Truth v10.pdf xxxxxxx
 
St. Louise de Marillac and Care of the Sick Poor
St. Louise de Marillac and Care of the Sick PoorSt. Louise de Marillac and Care of the Sick Poor
St. Louise de Marillac and Care of the Sick Poor
 
+92343-7800299 No.1 Amil baba in Pakistan amil baba in Lahore amil baba in Ka...
+92343-7800299 No.1 Amil baba in Pakistan amil baba in Lahore amil baba in Ka...+92343-7800299 No.1 Amil baba in Pakistan amil baba in Lahore amil baba in Ka...
+92343-7800299 No.1 Amil baba in Pakistan amil baba in Lahore amil baba in Ka...
 
The_Chronological_Life_of_Christ_Part_99_Words_and_Works
The_Chronological_Life_of_Christ_Part_99_Words_and_WorksThe_Chronological_Life_of_Christ_Part_99_Words_and_Works
The_Chronological_Life_of_Christ_Part_99_Words_and_Works
 
From The Heart v8.pdf xxxxxxxxxxxxxxxxxxx
From The Heart v8.pdf xxxxxxxxxxxxxxxxxxxFrom The Heart v8.pdf xxxxxxxxxxxxxxxxxxx
From The Heart v8.pdf xxxxxxxxxxxxxxxxxxx
 
Top No 1 Amil baba in Islamabad Famous Amil baba in Pakistan Amil baba Contac...
Top No 1 Amil baba in Islamabad Famous Amil baba in Pakistan Amil baba Contac...Top No 1 Amil baba in Islamabad Famous Amil baba in Pakistan Amil baba Contac...
Top No 1 Amil baba in Islamabad Famous Amil baba in Pakistan Amil baba Contac...
 
Top Kala Jadu, Bangali Amil baba in Lahore and Kala jadu specialist in Lahore...
Top Kala Jadu, Bangali Amil baba in Lahore and Kala jadu specialist in Lahore...Top Kala Jadu, Bangali Amil baba in Lahore and Kala jadu specialist in Lahore...
Top Kala Jadu, Bangali Amil baba in Lahore and Kala jadu specialist in Lahore...
 
Zulu - The Epistle of Ignatius to Polycarp.pdf
Zulu - The Epistle of Ignatius to Polycarp.pdfZulu - The Epistle of Ignatius to Polycarp.pdf
Zulu - The Epistle of Ignatius to Polycarp.pdf
 
Genesis 1:8 || Meditate the Scripture daily verse by verse
Genesis 1:8  ||  Meditate the Scripture daily verse by verseGenesis 1:8  ||  Meditate the Scripture daily verse by verse
Genesis 1:8 || Meditate the Scripture daily verse by verse
 
Best Astrologer Vashikaran Specialist in Germany and France Black Magic Exper...
Best Astrologer Vashikaran Specialist in Germany and France Black Magic Exper...Best Astrologer Vashikaran Specialist in Germany and France Black Magic Exper...
Best Astrologer Vashikaran Specialist in Germany and France Black Magic Exper...
 

Ebook isu isu sentral islam liberal

  • 3. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#=# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- !"#"$"%&'("$"& & & <; >?@A?@BCB@#$7$7### # # # # <# =; '0D&/+*2#C*1(E#C&3*#F(G(/#>03&G&"*/#.21*3#C&H0"*1## # I# I; .2(J.2(#'0/+"*1#.21*3#C&H0"*1## # # # # K# K; '0G(1*"&2*2&#!*/#'0G(1*"&230## # # # # L# L; >1("*1&230#B%*3*## # # # # # M# N; B1JO("*/#?P&2&#Q"&+&2## # # # # # <L# R; 90"30/0(+&G*### # # # # # <N# S; T03&/&230## # # # # # # <M# M; >0/(+(D## # # # # # # =U# <U; VB!B@AB@#WBVBB@#CB@X$Y## # # # =K#
  • 4. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#I# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- Sepintas Lalu: Lima Rukun Pemikiran Islam Liberal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
  • 5. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#K# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- % !"#$!"#%&'()*+,%@+,+-%:'-/F/*+(%!",+-%./0'*+,G%4'"%!(HI('"/+%@+(% :'(J+K+*+((L+%5()#F%8+,+L"/+M# # `10)E#!"#$%&#'()*"+,]#-./+0"/*+&,/*1#.21*3&4#$/&50"2&+6#7*1*62&*8# # # 12%:'(H+N#,#+(% ## .2+&1*)#a.21*3#C&H0"*1a#D0"+*3*#G*1&#P&%(/*G*/#,10)#D*"*#D0/(1&2#W*"*+#20D0"+&#C0,/*"P#W&/P0"#!"##P*/# V)*"102#Q("[3*/#!$#%#@*3(/#P*1*3#G,/+0G2#./P,/02&*#*P*#H(G(#G)(2(2#6*/%#P&+(1&2#,10)#A"0%#W*"+,/# D*P*#+*)(/#<MML#30/%0/*&#G03(/4(1*/#D03&G&"*/#1&H0"*1#P&#G*1*/%*/#D03&G&"#./P,/02&*#-I8;#W(G(#&/&# G03(P&*//6*# P&+0"Z03*)G*/# P*1*3# H*)*2*# ./P,/02&*# P0/%*/# +*Z(G# a&'(')'*+ ,)-'.+ /0123'-+ 40+ ,*45*2)0'6+ 72.0803'*+ 925.5423*0).2+ 9:3;<5-0)+ ='4>04?+ @>5<'*+ ABB2*40?+ C<.'4+ D'<01?+ 4'*+ C14:33'<.'*+D'<04E]#6*/%#P&+0"H&+G*/#*+*2#G0"Z*2*3*#>*"*3*P&/*]#b*6*2*/#BP&G*"6*#.G*D&#P*/# T,"P# T,(/P*+&,/# D*P*# +*)(/# <MMM;# >03&G&"*/# .21*3# 1&H0"*1]# 6*/%# H&*2*# P&2&/%G*+# 20H*%*&# c.21&Hc]# G03(P&*/#P&D,D(1*"G*/#,10)#2*+(#G(3D(1*/#D*"*#D03(P*#P0/%*/#30/(H()G*/#2*+(#"*/%G*&*/# G0"Z*2*3*#P&#P*1*3#P*/#P&#1(*"#/0%*"*]#6*/%#30"0G*#/*3*G*/#20H*%*&#cX*"&/%*/#.21*3#C&H0"*1c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b*)(P&#P&#W*"*+#6*/%#+(/P(G#P0/%*/#G0)&P(D*/# P(/&*^&]# P0/%*/# 4*"*# 303H0H*2G*/# (3*+# .21*3# P*"&# *Z*"*/J*Z*"*/# .21*3# 6*/%# +(1&/# 30/0"(2&# +*2&"*/#*+*(#D0"(H*)*/#*Z*"*/#.21*3#&+(#20/P&"&#20)&/%%*#202(*&#P0/%*/#2010"*#P*/#*%0/P*#W*"*+;# 9*1# &/&# 202(*&# P0/%*/# 3,++,# P*/# 26&*"# X*"&/%*/# .21*3# C&H0"*1# -X.C8# P&# ./P,/02&*# &*&+(# a.21*3# b*/%# 703H0H*2G*/a;#>03H0H*2*/#6*/%#D0"+*3*]#20D0"+&#6*/%#+0"Z*P&#P&#P(/&*#W*"*+]#*P*1*)#30/0"(2&# D",202#20G(1*"&2*2&#P*/#20G(1*"&230#6*/%#H0"4&+*J4&+*#303H0H*2G*/#(3*+#3*/(2&*#P*"&#D0/%*"()J D0/%*"()#*1*3#",)*/&;# ## # # #
  • 6. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#L# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- 92#&'F#,+*/"+"/%@+(%&'F#,+*/"-'# ## '0Z*G# D0"3(1**/# +*)(/# <MRU# &2(# 20G(1*"&2*2&# P&# ./P,/02&*# +01*)# P&1*/4*"G*/# ,10)# 20,"*/%# 2*"Z*/*# *%*3*# 6*/%# H0"/*3*# !"2;# @("4),1&2# 7*PZ&P# 6*/%# G0+&G*# &+(# 30/Z*^*+# 20H*%*&# Q0+(*# $3(3# >0/%("(2#W02*"#9&3D(/*/#7*)*2&2^*#.21*3#-97.8;#!*1*3#(4*D*//6*#D*P*#=)H#X*/(*"&#<MRU#6*/%# H0"+*Z(G#aQ0)*"(2*/#>03H*)*"(*/#>03&G&"*/#.21*3#P*/#7*2*1*)#./+0%"*2&#$3*+]#H0%&+(#Z(%*#P*1*3# *"+&G01/6*# 6*/%# 1*&/# 6*/%# H0"+*Z(G# a'0G*1&# C*%&# Y0/+*/%# '0G(1*"&2*2&a]# V*G# @("]# /*3*# D*/%%&1*/# @("4),1&2]#+01*)#303D0"G0/*1G*/#&2+&1*)#a20G(1*"&2*2&a#G0D*P*#3*26*"*G*+#.21*3#./P,/02&*#P0/%*/# 30/P*G^*#H*)*^*#20G(1*"&2*2&#+&P*G1*)#P&3*G2(PG*/#D0/0"*D*/#20G(1*"&230;#W*)G*/#30/("(+/6*# D",202# 20G(1*"&2*2&# &+(# 30"(D*G*/# D",202# .21*3&# 20D0"+&# +0"G*/P(/%# P*1*3# D0"3(1**/# G*1&3*)# 26*)*P*)#-C*#..*)*;;;8#&+(#20/P&"&;#W01&*(#P0/%*/#Z01*2#30/%*+*G*/#H*)*^*]#aB%*3*#.21*3#H&1*#P&+01&+&# H0/*"JH0/*"#P&3(1*&#P0/%*/#D",202#20G(1*"&2*2&#10H&)#P(1(;#X(2+0"(#*Z*"*/#cY*()&Pc#&+(#30"(D*G*/#+&+&G# +,1*G#D",202#20G(1*"&2*2&#H02*"JH02*"*/a;# ## >0/P*D*+/6*# 6*/%# */0)# P*/# 30/%01&"(G*/# &+(# +01*)# 30/P*D*+# H*/+*)*/# G0"*2# 204*"*# &13&*)#,10)#>",;#!";#9;7;#F*2Z&P&]# 6*/%#G0+&G*#&+(#30/Z*^*+#20H*%*&#D",02,"#./2+&+(+# B%*3*#.21*3# @0%0"&#-.B.@8;#!*1*3#2*+(#H(G(/6*#6*/%#H0"+*Z(G#aQ,"0G2&#Y0")*P*D#!"2;#@("4),1&2#7*PZ&P#Y0/+*/%# '0G(1*"&2*2&a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d# !G##P*"&# G*1*/%*/#D03&G&"#Q"&2+&*/#6*/%#30/%*+*G*/#H*)*^*#*G*"#20G(1*"&2*2&#&+(#2(P*)#*P*#P*1*3#*Z*"*/J *Z*"*/#W&H10;#V*G#@("#303*/%#303H*4*#G*"6*#9*"506#V,d]#H<2+I2;:-'3+J0KL]#6*/%#+0"H&+#+*)(/#<MNL# P*/#G0+&G*#&+(#30/Z*P&#H02+J20110"#P&#B30"&G*;#@("4),1&2#G03(P&*/#30/%*3H&1#%*%*2*/#(+*3*#V,d# &+(# (/+(G# P&+0"*DG*/# D*P*# .21*3;# @*3(/# H01&*(# +&P*G# 303H0"&+*)(# 3*26*"*G*+# *^*3# H*)*^*# %*%*2*/#20G(1*"&2*2&#&+(#*P*1*)#P&4&D1*G#P*"&#D03&G&"*/#9*"506#V,d;# # !&#2&/&1*)#G0"401*"(*/#D03&G&"*/#V*G#@("#6*/%#+01*)#30/4*3D("J*P(GG*/#*/+*"*#&2+&1*)#6*/%# 303D(/6*&#3*G/*#6*/%#2(P*)#Z01*2#P0/%*/#D0/%0"+&*/#H*)*2*#203*+*J3*+*;#!&#2&/&#Z(%*#+01*)# +0"1&)*+# *P*/6*# (2*)*J(2*)*# (/+(G# 30/Z(/%G&"JH*1&GG*/# 3*G/*J3*G/*# &13&*)# 6*/%# 2(P*)# c02+*H1&2)0Pc# P*/# Z01*2# 20"+*# 30/%01&"(G*/# ,"*/%# *^*3# P0/%*/# D0/%0"+&*/# H*"(# +*/D*# +*/%%(/%Z*^*H#&13&*)#2*3*#20G*1&;# ##
  • 7. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#N# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- `10)# &+(# +&P*G# */0)# *D*H&1*# >",;# F*2Z&P&# 6*/%# 303*/%# 2(P*)# 1*3*# H0"%01(+# P*1*3# G0)&P(D*/#&13&*)#30/6&/P&"#@("4),1&2#7*PZ&P#3(P*#P0/%*/#G*+*JG*+*/6*E# ## D'-':M:*+)'L'+)2*4030+B'<'.+1'<')'+,*((230)+):4'<+<'.M03+)2.2*>'8+FN+K'<:*+L'*(+-'-:+ 4'*+M23*'<+.2*('>'3+4'-'.+)21:'<+O*0P23)0K0+42*('*+1'<')'+,*((230)?+*'.:*+)'L'+K04'8+123'*0+ .2.'8)'8'*+ ):'K:+0)K0-'<+ L'*(+ ):4'<+ .2*>'40+:.:.+ 4'-'.+ 4:*0'+0-.:+ M2*(2K'<:'*%+ Q'(0+ @3)%+ 9:3;<5-0)+='4>04?+)28:-'30)')0+23K0*L'+.2*('*(('M+4:*0'+0*0+'32*'+82(0'K'*+.'*:)0'?+K04'8+'4'+L'*(+ K'1:?+K04'8+'4'+L'*(+)'83'-%+R'<'.+0*0+'4'-'<+B'<'.+L'*(+)'-'<+4'*+'8'*+.2*L21'18'*+'801'KS '801'K+L'*(+)'*('K+12)'3+4'*+K04'8+80K'+<'3'M8'*; #!T#+ ## @("4),1&2#3(P*#"(D*/6*#+&P*G#3*)(#303D0"P(1&G*/#/*2&)*+#>*G#F*2Z&P&;#>*P*#IU)H#`G+,H0"# <MR=]#@("4),1&2#20G*1&#1*%&#303H0/+*/%G*/#G0"+*2#G0"Z*#P&#Y*3*/#.23*&1#7*"[(G&#-Y.78#P0/%*/#+*Z(G# a70/60%*"G*/# T*)*3# Q0*%*3**/# P&# Q*1*/%*/# $33*+# .21*3# ./P,/02&*a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a>0/(+(Da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
  •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a.21*3#C&H0"*1#H&2*#30/0"&3*#H0/+(G#/0%*"*#20G(10";;;#20H*H]# /0%*"*#20G(10"#H&2*#30/*3D(/%#0/0"%&#G02*10)*/#P*/#0/0"%&#G03*G2&*+*/#20G*1&%(2;a-<U8# ## !";#!0//6#XB]#20,"*/%#1*%&#*G+&5&2#.21&H#-2&/%G*+*/#.21*3#C&H0"*18#30/6*+*G*/E# ## EI:4'<+ )''K*L'+ 85.:*0K0+ ,)-'.+ /0123'-+ 40+ ,*45*2)0'+ .2*(2.1'*(8'*+ )21:'<+ K25-5(0+ K23)2*4030+L'*(+)'<+)2;'3'+):1)K'*)0+4'*+.2K545-5(0?+L'0K:+H25-5(0+,)-'.+/0123'-%+,*0+)21:'<+B0-)'B'K+ 82'('.''*+L'*(+123)'*4'3+M'4'+K28)+4'*+K3'40)0+,)-'.+)2*4030?+L'*(+.2.1230+M2.12*'3'*+M'4'+ )21:'<+8:-K:3+-0123'-%+@'-'.+M5-0K08?+K25-5(0+0K:+.2*>'40+H25-5(0+92('3'+I28:-23+!H9I#?+L'0K:+)21:'<+ B0-)'B'K+82'('.''*?+L'*(+.2*(('-0+4'30+K28)+4'*+K3'40)0+,)-'.?+L'*(+M'3'-2-+'K':+.2.12*'38'*+ M23-:*L'+)21:'<+*2('3'+L'*(+)28:-23+)28'-0(:)+42.583'K0)%E!""#+ +# 7*2*1*)# .21*3# P*/# 20G(1*"&230# &/&# 2(P*)# D*/Z*/%# 10H*"# P&G03(G*G*/# ,10)# >",;# !";# '60P# 7()*33*P#@*e(&H#*1JB++*2#P*1*3#H(G(/6*#a.21*3#*/P#'04(1*"&23a#6*/%#P&+0"H&+G*/#,10)#B/%G*+*/# W01&*#.21*3#7*1*62&*#-BW.78#+*)(/#<MRS;#!"$#+ Q02&3D(1*/# H01&*(# &*1*)# 20G(1*"&230# 303(2()&# .21*3# P*/# D",202# 20G(1*"&2*2&# 303*/%# P&+(Z(G*/# (/+(G# 301*^*/# .21*3;# `10)# 20H*H# &+(# &2+&1*)J&2+&1*)# 20D0"+&# 20G(1*"&230]# 20G(1*"&2*2&]# P*/# 20G(1*"# &+(# 20/P&"&# +&P*G# H,10)# P&)(H(/%G*/# P*/# P&G*&+G*/# P0/%*/# .21*3;# W*)G*/# +0"Z03*)*/# D0"G*+**/#20G(1*"&230#P*1*3#H*)*2*#B"*H#20D0"+&#c&13*/&66*)c#*+*(#c*13*/&66*)c#*P*1*)#+&P*G#+0D*+# 2*3*#20G*1&]#G0"*/*#+&P*G#*P*#D*P*/*//6*#P*1*3#G,/20D2&#.21*3;#W0%&+(#Z(%*#D03&G&"#.21*3#6*/%# 1*&/#20D0"+&#>",;#!";#b(2(#*1JO*"*P*^&]#30/6*+*G*/#D0/P*D*+#6*/%#2*3*#H*)*^*#20G(1*"&230#P*/# 20G(1*"&2*2&#&+(#H0"4*/%%*)#P0/%*/#.21*3#P*/#*G*/#20/+&*2*#H0"G,/"*/+*2&#P0/%*/#.21*3]#20D0"+&# P&/6*+*G*/#P*1*3#H(G(#H01&*(#a*1J.21*3#^*#*1Jc.13*/&66*)#_*Z)*/#1&#_*Z)&/a;#!"Z##Q0201*"*2*/#P(*# D03&G&"#*%(/%#7(21&3#&/&]#!"F##P&+*3H*)#1*%&#P0/%*/#)(Z*)J)(Z*)#>*G#F*2Z&P&#P*1*3#30/6*/%%*)# @("4),1&2#7*PZ&P#20H01(3#&+(]#20D*+(+/6*#30/Z*P&#D0%*/%*/#(3*+#.21*3#P&#./P,/02&*#P*/#Z(%*#P&# 7*1*62&*# (/+(G# 30/,1*G# 20H*"*/%# (/2("# *)*3# 20G(1*"# 6*/%# 4(H*# P&20"*DG*/# P*1*3# D03&G&"*/# (3*+#.21*3#P&#"*/+*(#&/&;#
  •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cH0"G(*2*c#P&#./P,/02&*#P*/#10H&)# 303(/%G&/G*/#204*"*#P03,G"*+&G#(/+(G#P&D0"Z(*/%G*/#,10)#(3*+#.21*3;#Y*D&#P0/%*/#3(/4(1/6*# %0"*G*/#.21&H]#G02*+(*/#*G&P*)#P*/#D03&G&"*/#.21*3#+01*)#P&D04*)H01*)#10H&)#P*)(1(;#W*%&#30"0G*# +&P*G#*P*#.21*3#6*/%#2*+(f#6*/%#*P*#*P*1*)#a.21*32a#*+*(#.21*3#c^*"/*J^*"/&c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`8;#Q0G(*+*/#3*Z,"&+&#7(21&3#P&#./P,/02&*#P*/#G0G(*+*/#(/P*/%J (/P*/%#"*23&#P&#7*1*62&*#20D*+(+/6*#P&1&)*+#20H*%*&#c2+"0/%+)c#-'_`Y8#3*2&/%J3*2&/%#/0%*"*#P*1*3# 303H0P(/%# *"(2# 1&H0"*1&2*2&# .21*3# 6*/%# 20P*/%# H0"Z*1*/]# 2(D*6*# ./P,/02&*# P*/# 7*1*62&*# +&P*G# 204*"*#"*23&#30/6*+*G*/#P&"&#20H*%*&#/0%*"*#20G(1*";#9'[:4U:+10--'<+.0*+4U'-08%+ ## # <2%:,#*+,/"-'%6J+-+% # b*/%#P&3*G2(PG*/#P0/%*/#D1("*1&230#*%*3*#*P*1*)#*)*3*/#6*/%#30/6*3*G*/#203(*#*%*3*;# T*)*3*/# &/&# 1*)&"# 20H*%*&# *G&H*+# 20G(1*"&230# */P# D",202# 20G(1*"&2*2&# 3*26*"*G*+# W*"*+;# '04*"*# "&/%G*2/6*#+0"P*D*+#03D*+#*1&"*/#D03&G&"*/#D1("*1&230#*%*3*#6*/%#H0"G03H*/%#20G*"*/%#&/&E#-<8# V&5&1#F01&%&,/f#-=8#A1,H*1#Y)0,1,%6f#-I8#Y"*/240/P0/+#$/&+6#,#F01&%&,/2f#P*/#K8#'6/4"0+&23%!"G##!(*# 6*/%#D0"+*3*#1*)&"#P&#W*"*+#*G&H*+#*)*3#20G(1*"&230]#!"T##P*/#P(*#6*/%#+0"*G)&"#30"(D*G*/#"0*G2&# +0")*P*D# 20G(1*"&230;# !&# ./P,/02&*# /*3D*G/6*# *1&"*/# Y"*/240/P0/+# $/&+6# ,# F01&%&,/2# -Y$F8# 30/P*D*+#2*3H(+*/#P*"&#+,G,)J+,G,)#D03&G&"#.21&H;# ##
  • 10. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#M# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- BZ*"*/# Y$F# 303H*)*%&G*/# *%*3*J*%*3*# H02*"# P(/&*# -.21*3]# Q"&2+&*/]# b*)(P&]# W(P)*]# 9&/P(]# P11;8# G0D*P*# P(*# 2+"(G+("# (+*3*f# ?d,+0"&4# -C(*"*/:g*)&"8# P*/# ?2,+0"&4# -!*1*3*/:W*+&/8;# B%*3*J*%*3*#&/&#30/("(+#30"0G*#)*/6*#H0"H0P*#D*P*#2+"(G+("#1(*"*//6*#P*/#[*)&"/6*#2*)*Z*]# 20P*/%G*/#2+"(G("#P*1*3*//6*#P*/#H*+&//6*#*P*1*)#2*3*]#&*&+(#30/(Z(#D*P*#+()*/# 6*/%#2*+(;# >03&G&"#W*"*+#6*/%#30/%03H*/%G*/#*)*3#Y$F#*P*1*)#F0/0#A(0/,/#-1*)&"#P&#>0"*/4&2#+*)(/#<SSI8# 6*/%#G03(P&*/#30/%*/(+#.21*3#20"+*#T"&+)Z,#'4)(,/#-1*)&"#P&#X0"3*/#+*)(/#<MUR8#Z(%*#G03(P&*/# 30/%*/(+#.21*3#P*/#30/(G*"#/*3*#30/Z*P&#.2*#@("(PP&/#B)3*P]#2030/+*"*#P*1*3#P(/&*#.21*3# *)*3#&/&#30/P*D*+#2,G,/%*/#P*"&#'0660P#9,220&/#@*2"#6*/%#H0"1*+*"#H01*G*/%#'6&c*);# !"W##@*2"# 6*/%# Z(%*# H0"D0%*/%# P0/%*/# *)*3# cT&12**+# >0"0/&*1c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f# H0%&+(# Z(%*# D*P*# 3*2*# 6*/%# 2*3*# 203(*# *%*3*# /*&G# P*"&# H*^*)# G0# *+*2# 2*1&/%# H0"P0G*+*/#P*/#*G)&"/6*#H0"+03(#P&#+&+&G#D(/4*G#&+(;#70/("(+#30"0G*]#&+(1*)#+&+&G#c+"*/240/P0/+c#P&# 3*/*#203(*#*%*3*J*%*3*#H0"2*+(#P&#2&+(;# ## @("4),1&2#7*PZ&P]#+,G,)#6*/%#30/%%*%*2G*/#20G(1*"&2*2&#P&#./P,/02&*]#*P*1*)#Z(%*#+,G,)# 6*/%#+("(+#30/60H*"G*/#*)*3#Y$F;#V(3*]#4,/+,)#6*/%#P&%(/*G*/#,10)#V*G#@("#H(G*/1*)#20%&+&%*# 20H*%*&3*/*#9(2+,/#'3&+)]#+0+*D&#D0"3&2*1*/#",P*#6*/%#303&1&G&#Z0Z*"&#6*/%#H*/6*G]#P*/#3*2&/%J 3*2&/%/6*#H0"+03(#P&#+&+&G#+0/%*)#H(1*+*//6*#6*/%#P&G&"*#20H*%*&#+&+&G#c+"*/240/P0/+c;#!*1*3#)*1#&/&# H01&*(#30/6*+*G*/E# ## a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
  •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c+"*/240/P0/+c;#Q*+*/6*E# ## E@'*?+ 85)28:2*)0*L'?+ '4'+ 1'*L'8+ 8212*'3'*+ !.'*L+ K3:K<)#+ 4'-'.+ K3'40)0+ 4'*+ '('.'S '('.'%+902KU);<2+.2*2(')08'*+_'K':6+.2*'B08'*`+'4'*L'+[a212*'3'*+H:*(('-[+4'*+>:)K3:+123)08'M+ 'B03.'K0B+ K23<'4'M+ 1'*L'8+ 8212*'3'*%+ ='<'K.'+ &'*4<0+ M:*+ )203'.'+42*('*+ .2*428-'3')08'*+ 1'<'V'+)2.:'+'('.'+ S+2*K'<+0*4:0).2?+Q:44<0).2?+b'<:40?+a30)K2*?+,)-'.?+c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a'03(*# *%*3*# 2*3*;# '03(*/6*# 30/(Z(# Z*1*/# G0H0/*"*/;# X*P&]# .21*3# H(G*/# 6*/%# D*1&/%# H0/*";a# !$"## BD*H&1*# *G&P*)# .21*3# +01*)# ",2*G]# 3*G*# 26*"&c*)/6*#30/Z*P&#+&P*G#H0"3*G/*#2*3*#20G*1&;#X*P&#30"0G*#D(/#30/,1*G#1*"*/%*/#G*)^&/#H0[*# *%*3*#6*/%#30"(D*G*/#H*)*%&*/#P*"&#26*"&c*)#.21*3;#W*%&#30"0G*#1*"*/%*/#&+(#2(P*)#+&P*G#1*%&# "0105*/#P*1*3#0"*#D1("*1&230#*%*3*#G&/&;#$1&1#BH2*"#30/%(/%G*DG*/#P*1*3#2*+(#+(1&2*//6*#6*/%# H0"+*Z(G# a70/60%*"G*/# Q03H*1&# >03*)*3*/# .21*3a# P*1*3# 2("*+# G)*H*"# Q,3D*2]# H*)*^*E# aC*"*/%*/#G*)^&/#H0P*#*%*3*]#P*1*3#)*1#&/&#*/+*"*#D0"03D(*/#.21*3#P0/%*/#101*G&#/,/J.21*3]# 2(P*)#+&P*G#"0105*/#1*%&;a#!$$#+ ## T*)*3#D1("*1&230#*%*3*#P&#./P,/02&*#Z(%*#4(H*#P&201(P(DG*/#P*1*3#D",%"*3#D0/P&P&G*/# 20G,1*)#"0/P*)#G,/,//6*#(/+(G#301*)&"G*/#%0/0"*2&#3*2*#P0D*/#7(21&3#6*/%#cD1("*1&2c;#'0G,1*)# 6*/%# 30/4(H*# D",%"*3# D1("*1&230# *%*3*# &+(# *P*1*)# '0G,1*)# 7*P*/&*# P&# X*G*"+*;# !";# W(P)6# 7(/*^*"# F*)3*/]# 2*1*)# 20,"*/%# *G+&5&2# X.C]# 6*/%# Z(%*# 30/Z*P&# D0/%("(2# '0G,1*)# 7*P*/&*# 30/6*+*G*/E# ## E=2.'*(?+'4'+):'K:+28)M230.2*+L'*(+40-'8:8'*+40+='4'*0'+!Ha?+I@?+I=7?+4'*+I=O+.0-08+ 7'3'.'40*'#%+ @2*('*+ )0)K2.+ ';K0P2+ -2'3*0*(+ )2>'8+ I@?+ )2K0'M+ '*'8+ 10')'*L'+ .2*4'M'K8'*+
  • 12. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#<<# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- M2*40408'*+'('.'+)2):'0+'('.'+.')0*(S.')0*(%+^:('+'4'+)0)K2.+.5P0*(+;-'))d+82K08'+M2-'>'3'*+ '('.'?+ .2328'+ M0*4'<+ 82+ 82-')+ '('.'+ .')0*(S.')0*(%+ C4'+ .';'.S.';'.+ 82-')+ '('.'+ K23M0)'<SM0)'<d+J<30)K0'*+;-'))?+J'K<5-0;+;-'))?+,)-'.0;+;-'))?+4'*+-'0*S-'0*%+^'40?+M')'-+"Z+'L'K+"+C+eOO+ I0)408*')+):4'<+8'.0+-'8:8'*+40+='4'*0'%+9'<?+8'32*'+8'.0+.':+.2*28'*8'*+M-:3'-0).2+'('.'?+ M'4'+.')'S.')'+K23K2*K:?+.0)'-*L'+K0('+1:-'*+)28'-0?+8'.0+'4'8'*+)M030K:'-+'K':+32-0(05*+B'03+'K':+ [M28'*+3'L'+'('.'%[+I2K0'M+82-')+'('.'+'8'*+123<0')+4030?+)0.15-S)0.15-+'('.'+>:('+40K'.M0-8'*?+ 4'*+)2K0'M+'*'8+'8'*+4'K'*(+1238:*>:*(?+.2-0<'K?+4'*+.:*(80*+123K'*L'+82M'4'+(:3:+'('.'d+ 'M'+)0<+'3K0*L'+M5<5*+*'K'-f+@0+)'*'+80K'+>:.M'+Q:44<'+L'*(+)24'*(+.2-'8:8'*+.240K')0?+K'.M0-'*+ a'[1'<?+4'*+-'0*S-'0*%+I2.:'+'*'8+10)'+.2-0<'K+)0.15-S)0.15-+82'('.''*+L'*(+)'*('K+28)M32)0B+4'*+ M2*:<+ *0-'0+ 82)'83'-'*%+ ,K:+ .:*(80*+ M2*('-'.'*+ K23)2*4030+ 1'(0+ '*'8S'*'8%+ a'.0+ K'8+ .:*(80*+ .2*('>'38'*+ V'V')'*+ M-:3'-0).2?+ K2K'M0+ (:3:S(:3:*L'+ 1:8'*+ M-:3'-0)%+ Q'<'L'+ )28'-0+ 4'*+ '8'*+ .235)'8+ 042+ 12)'3+ 8'.0%+ ='8'*L'?+ 53'*(+ K:'+ >:('+ <'3:)+ .'*4'M'K8'*+ K3'0*0*(+ 'K':+ )2.';'.+ ';'3'+1:-'*'*+)2<0*(('+.2328'+10)'+.2.'<'.0+M-:3'-0).2%E+!$Z#+ ## 70/%*D*#2*3D*&#H0%&+(#P*)26*+#20G*1&#*)*3#D1("*1&230#*%*3*#H0"G03H*/%#P&#./P,/02&*h# X*^*H*//6*# *P*1*)# "&/%G*2f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
  •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c"01&%&,(2#D1("*1&+6c#P*1*3#*"+&#30/0"&3*#*P*/6*#D0"H0[**/# P*/# G0D01H*%*&*/# *%*3*# P*1*3# G0)&P(D*/# H0"3*26*"*G*+]# H(G*/# c"01&%&,(2# D1("*1&23c# 6*/%# 30/6*3*G*/#203(*#*%*3*;#>"&/2&D#c1*G(3#P&&/(G(3#^*1&6*P&/c#P*/#Z(%*#c1*#&G"*)*#&PP&/c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c4&5&1#"01&%&,/c#6*/%#20G(1*"#303*/%# H0"4&+*J4&+*# 30/Z*P&# D,1&2# G0D*P*# *%*3*J*%*3*# 6*/%# *P*;# 7*/*J3*/*# *%*3*# *+*(# /0%*"*# G06*G&/*/#P*/#D0"H(*+*//6*;#W*)G*/#*%*3*#6*/%#30/P*G^*#H*)*^*#P&"&/6*#2*)*Z*#6*/%#H0/*"# H,10)# P&G&"*# 20H*%*&# c*%*3*# Z*)*+c;# .+(1*)# G02*/# 6*/%# &/%&/# P&+&3H(1G*/# ,10)# 20H(*)# H(G(# D0/P,G,/%#D1("*1&230#*%*3*#6*/%#H0"+*Z(G#c_)0/#F01&%&,/#W04,302#?5&1;c#-$F#+ ## Q&+*#301&)*+#(2*)*#D0/(H()*/#./+0"*&+)#V,33&2&,/#-.TV8#P&#7*1*62&*#*P*1*)#P*1*3#"*/%G*# D0/60H*"*/#*)*3#D1("*1&230#*%*3*#6*/%#G&+*#H&/4*/%G*/;#'03(*#+(/+(+*/#%,1,/%*/#&/&#+*/D*# 20%*/#2&1(#1*%&#Z01*2JZ01*2#30/60"*/%#D"&/2&DJD"&/2&D#.21*3#20H*%*&#*%*3*#"*23&#6*/%#P&1&/P(/%&#,10)# D0"103H*%**/#7*1*62&*;#7*"&1*)#G&+*#D0")*+&G*/#+(/+(+*/J+(/+(+*/#%,1,/%*/#&/&E#-=L8# % <; '0,"*/%# */*G# 6*/%# P&1*)&"G*/# ,10)# &H(# H*D*# .21*3# +&P*G# 20302+&/6*# +0"(2# 30/Z*P&# ,"*/%# .21*3;##
  • 14. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#<I# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- =; `"*/%J,"*/%# H(G*/# .21*3# 6*/%# +01*)# 30301(G# *%*3*# .21*3# )0/P*G1*)# P&H0"&G*/# G0H0H*2*/#(/+(G#G03H*1&#G0D*P*#*2*1#*%*3*#30"0G*#-3("+*P8#P*/#+&P*G#H,10)#P&G0/*G*/# +&/P*G*/#(/P*/%J(/P*/%;# I; '0H*"*/%# G02# D0"+(G*"*/# *%*3*# ,"*/%# .21*3# G0D*P*# H(G*/# .21*3# +&P*G# 20D*+(+/6*# P&G0/P*1&G*/#,10)#3*)G*3*)#'6*"&*)#+0+*D&#P&G0/P*1&G*/#,10)#3*)G*3*)#4&5&1;# K; Y&P*G#D0"1(#P&4*+*+G*/#P&#P*1*3#G*P#D0/%0/*1*/#2020,"*/%#7(21&3#H*)*^*#&*#H0"*%*3*# .21*3;# L; `"*/%# H(G*/# .21*3# +&P*G# D0"1(# P&G0)0/P*G&# 30/%*/(+# .21*3# 20G&"*/6*# &/%&/# H0"G*)^&/# P0/%*/# ,"*/%# .21*3;# `"*/%# .21*3# )0/P*G1*)# P&H0/*"G*/# G01(*"# P*"&D*P*# .21*3# -3("+*P8# 20G&"*/6*# &/%&/# H0"G*)^&/# P0/%*/# ,"*/%# H(G*/# .21*3# +*/D*# H,10)# P&G0/*G*/# *D*J*D*# +&/P*G*/#(/P*/%J(/P*/%;# N; '020,"*/%# *+*(# D*2*/%*/# 2(*3&# &2+0"&# 6*/%# 30/(G*"# *%*3*/6*# P0/%*/# 30301(G# .21*3# +&P*G#D*+(+#P&H0"&G*/#)*G#Z*%**/#*/*G;# R; `"*/%J,"*/%#6*/%#H(G*/#.21*3#6*/%#303D(/6*&#)(H(/%*/#G0G01(*"%**/#P0/%*/#20,"*/%# 6*/%# 30301(G# .21*3# )0/P*G1*)# P&H0"&G*/# )*G# 30/(/+(+# )*"+*# D(2*G*/6*# 2010D*2# G03*+&*//6*;# S; Q0"*Z**/# )0/P*G1*)# 30/60P&*G*/# P*/*# 6*/%# 30/4(G(D&# (/+(G# 303H&/*# P*/# 30/6010/%%*"*# "(3*)J"(3*)# &H*P*)# ,"*/%# H(G*/# .21*3# 20H*%*&3*/*# G0"*Z**/# 30/60P&*G*/#P*/*#6*/%#20"(D*#(/+(G#3*2Z&P;# M; `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`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h# @*3(/# G0/6*+**//6*# *P*# G(3D(1*/# 6*/%# 30/*3*G*/# P&"&/6*# 20H*%*&# a'&2+0"2#./#.21*3a#-'.'8#30/60+(Z(&#P*/#30/6,G,/%#.TV;#.+(1*)#"0*1&+&#D03&G&"*/#.21&Hf#,"*/%J,"*/%#.21*3# 20/P&"&#6*/%#204*"*#[*)&"/6*#+&P*G#3*)(#P&G*+*G*/#H(G*/#.21*3]#+0+*D&#H*+&//6*#+&P*G#3*)(#+(/P(G#
  • 15. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#<K# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- P*/#D*+()#D*P*#*Z*"*/J*Z*"*/#.21*3]#*+*(#20D0"+&#(/%G*D*/#>*G#F*2Z&P&]#,"*/%#.21*3#a6*/%#+&P*G# 303D(/6*&#)(H(/%*/#H*+&/#P0/%*/#.21*3;a# ## >0"2,*1*//6*]# H,10)G*)# 1*%&# D03&G&"*/# &+(# P&/*3*&# P0/%*/# /*3*# c.21*3c# 20D0"+&# P*1*3# (/%G*D*/#c.21*3#1&H0"*1c#*D*H&1*#H*%&#30"0G*#*Z*"*/#.21*3#D*P*#)*G&G*+/6*#+&P*G#H0"H0[*#P0/%*/# *Z*"*/J*Z*"*/#6*/%#1*&/h#.3*3#*1JA)*[*1&#D0"/*)#30/(1&2#2*+(#"&2*1*)#G04&1#P0/%*/#+*Z(G#cT*&2*1#*1J Y*"&e*)# W*6/*1# .21*3# ^*[# g*/P*e*)c# -T*2*1# Q04&1# Y0/+*/%# >0"H0[**/# .21*3# P*/# T*)*3# g&/P&e8;# W0"P*2*"G*/#"&2*1*)#&/&#,"*/%#.21*3#6*/%#H*+&//6*#H0/4&#G0D*P*#.21*3#H,10)1*)#P&20H(+#20H*%*&# g&/P&e;#>03&G&"*/#.21&H#G0H*/6*G*//6*#*P*1*)#D03&G&"*/#[&/P&e#6*/%#30",2*G#.21*3#P*"&#P*1*3#+(H()# .21*3#&+(#20/P&"&;# ## # B2%6,$=#*O+(%3H/"/%4*/)/"# ## .2(#O("c*/#?P&2&#Q"&+&2#-O?Q8#Z(%*#P*+*/%#P*"&#G01,3D,G#.21&H#P&#./P,/02&*;#70"0G*#303D(/6*&#*%0/P*# (/+(G# 30/%0P&+# *1JO("c*/# 6*/%# 20P&*# *P*;# W*%&# 30"0G*# +0G2J+0G2# *1JO("c*/# 6*/%# H0"0P*"# P&# G*1*/%*/# G*(3# 7(21&3&/# )*"&# &/&# 30/%*/P(/%&# H*/6*G# D0"3*2*1*)*/# 6*/%# 3030"1(G*/# D0/%0P&+*/# 203(1*# 204*"*# G"&+&G*1;# '0Z*"*)# D03H(G(*/# *1JO("c*/# P*/# H0"H*%*&# 3*4*3# e&"*c*)# -"*%*3# H*4**/8# 6*/%# ^(Z(P# P*1*3# +"*P&2&# (3*+# .21*3# P&Z*P&G*/# 3,P*1# ,10)# %,1,/%*/# &/&# (/+(G# 30"0*1&2*2&G*/#D",Z0G#30"0G*;#Y,G,)#(+*3*#.21&H#6*/%#303D(/6*&#3&/*+#P*1*3#D",Z0G#&/&#*P*1*)# Y*(&G# BP/*/# B3*1]-=N8# 20,"*/%# D0/26*"*)# $1(3(1# O("c*/# P&# ./2+&+(+# B%*3*# .21*3# @0%"&# -B.B@8# 7*G*2*";#>0/(1&2#204*"*#1*/%2(/%#D0"/*)#H0"P&*1,%#30/0"(2&#&/+0"/0+#P*1*3#3*&1&/%#1&2+#.21&H#20/P&"&# P0/%*/#H01&*(#2(D*6*#30/%)0/+&G*/#%*%*2*/#&+(]#20G&+*"#03D*+#+*)(/#6*/%#1*1(;-=R8# ## _*1*(D(/# D",Z0G# O?Q# &/&# D*2+&/6*# *G*/# 30/03(&# G0%*%*1*/]# +0+*D&# &2(# 6*/%# 30"0G*# 1,/+*"G*/#+0/+(/6*#H,10)#30/60H*HG*/#G0"*%(*/#3*26*"*G*+#*^*3#+0")*P*D#G0*21&*/#G&+*H#2(4&# *1JO("c*/# &+(# 20/P&"&;# 70"0G*# 30/%(/%G&+J(/%G&+# 203(1*# 20Z*"*)# D03H(G(*/# *1JO("c*/# P&# +*/%*/# '*&P&/*# $+)3*/;# !&+(P()/6*# Q)*1&*)# $+)3*/# 303H*G*"# 3(2)*J3(2)*# 6*/%# 1*&/# P0/%*/# 30/%%(/*G*/#G(*2*#D,1&+&G/6*]#20)&/%%*#)*/6*#c7(2)*#$+)3*/&c#2*)*Z*#6*/%#1*6*G#H0"0P*"#P&# P(/&*#.21*3;#!&+(P()/6*#D(1*#D*"*#(1*3*#*1JO("c*/#H0"20G,/%G,1#P0/%*/#D*"*#D0/%(*2*#D,1&+&G]# 20D0"+&#.H/(#7(Z*)&P]#P*1*3#303,/,D,1&#e&"*c*)Je&"*c*)#6*/%#20G*"*/%#P&H*4*#,10)#(3*+#.21*3;# >0")*+&G*/#G*+*JG*+*#D0/P,G,/%#O?Q#&/&E# ## '0H*)*%&*/#H02*"#G*(3#7(21&3#306*G&/&#H*)*^*#*1JO("*/#P*"&#)*1*3*/#D0"+*3*#)&/%%*# +0"*G)&"#30"(D*G*/#G*+*JG*+*#B11*)#6*/%#P&+("(/G*/#G0D*P*#@*H&#7()*33*P#204*"*#50"H*+&3]# H*&G#G*+*JG*+*/6*#-1*P)*/8# 10H&)# 30"(D*G*/# ,"3(1*2&# P*/# */%*/J*/%*/# +0,1,%&2# -*1JG)*6*1# *1JP&/&8# 6*/%# P&H(*+# ,10)# D*"*# (1*3*#20H*%*&#H*%&*/#P*"&#,"3(1*2&#P,G+"&/JP,G+"&/#.21*3;#9*G&G*+#P*/#20Z*"*)#D0/(1&2*/#*1JO("*/#
  • 16. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#<L# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- 20/P&"&#202(/%%()/6*#D0/()#P0/%*/#H0"H*%*&#/(*/2*#6*/%#P01&4*+0#-"(3&+8]#P*/#+&P*G#2(/6&#P*"&# D0"P0H*+*/]#D0"+0/+*/%*/]#&/+"&G#-+&D(#P*6*8]#P*/#"0G*6*2*;-=S8# ## >",Z0G#O("c*/#?P&2&#Q"&+&2#&/&#20H0/*"/6*#P*)(1(/6*#*P*1*)#*3H&2&#G*(3#,"&0/+*1&2#20D0"+&#A;# W0"%2+"*220"]# B"+)("# X00"6]# P*/# `++,# >"0+[1# 6*/%# 30/%%01(+&# H&P*/%# *1JO("c*/;# @*3(/# 20+01*)# D0"*/%#P(/&*#G0P(*]#G0+&G*#H*)*/JH*)*/#6*/%#30"0G*#G(3D(1G*/#)*/4("#10H("#P&)0/+*3#H,3# D0D0"*/%*/]#203*/%*+#30"0G*#(/+(G#30/0"(2G*/#D",Z0G#&/&#30/Z*P&#G0/P(";# ## H<2+M-'*+5B+Q23()K3'))23?+^2BB23L?+'*4+732KU-+K5+M32M'32+'+;30K0;'-+240K05*+5B+K<2+g:3['*+V')+*5K+ 32'-0U24?+'*4+K<2+;5--2;K05*+5B+P'30'*K)+4230P24+B35.+32'-+5-4+;540;2)+B'0-24+K5+):3P0P2+K<2+15.1)+5B+ D'3+D53-4+,,%+-=M8# ## Q&/&#3&/*+#D*"*#,"&0/+*1&2#&+(#(/+(G#303(/4(1G*/#O("c*/#?P&2&#Q"&+&2#+&P*G#+0"P0/%*"#1*%&;#Y*D&# 2*6*/%/6*# D",Z0G# 6*/%# 2(P*)# +0"G(H("# &+(# G&/&# &/%&/# P&H*/%G&+G*/# G03H*1&# ,10)# %,1,/%*/# .21&H;# 7(P*)J3(P*)*/#&/&#)*/6*#30/Z*P&#*/%*/J*/%*/#3*+#Z0/&/#2*)*Z*;# ## % D2%C'*-'('#)/F+% ## W01(3#)*H&2#&2(#*1JO("c*/#?P&2&#Q"&+&2#-O?Q8#P&+&3H(1G*/]#&2(#)0"30/0(+&G*#D(1*#P&4*/*/%;#BD*H&1*#O?Q# H0"+(Z(*/# 30",3H*G# *1JO("c*/# 6*/%# 20P&*# *P*]# )0"30/0(+&G*# D(1*# H0"+(Z(*/# 30"(H*)# ,"&0/+*2&# +*2&"#*1JO("c*/#6*/%#201*3*#&/&#30/Z*P&#+"*P&2&#(3*+#.21*3#P*"&#[*3*/#H0"[*3*/;#_*1*(D(/#G0P(*J P(*/6*# H0"H0[*# +(Z(*/]# +0+*D&# +0"G*&+# P*/# +0"&G*+# 2*+(# 2*3*# 1*&/;# 90"30/0(+&G*# D*P*# *2*1/6*# *P*1*)# 30+,P,1,%&# D0/*2&"*/# W&H10]# G03(P&*/# P&G03H*/%G*/# ,10)# 20,"*/%# D03&G&"# >",+02+*/+]# T"&0P"&4)# '4)10&0"3*4)0"]# 30/Z*P&# *1&"*/# *12**)# 3,P0/]# 1*/+*2# ,10)# 20%,1,/%*/# G*(3# 1&H0"*1# P&+0"*DG*/#G0D*P*#D0/+*2&"*/#*1JO("c*/;# ## !*1*3#+"*P&2&#G*Z&*/#W&H10]#D*"*#D03(G*#Q"&2+&*/#303*/%#30/%*G(&#H*)*^*#+0G2J+0G2#W&H10# H(G*/1*)#G0201("()*//6*#^*)6(#Y()*/;#!&#P*1*3/6*#+0"Z*P&#D0"4*3D("*/#*/+*"*#&"3*/#Y()*/#P*/# G*"*/%*/JG*"*/%*/# 3*/(2&*]# 201*&/# H*)*2*# ^*)6(# 6*/%# *2*1# Z(%*# 2(P*)# +&*P*;# `10)# &+(# P&G03H*/%G*/1*)# 2(*+(# 30+,P,1,%&# D0/+*2&"*/# 6*/%# P&20H(+# 20H*%*&# )0"30/0(+&G* # (/+(G# 30/4*"&#/&1*&#G0H0/*"*/#W&H10#&+(#20/P&"&;#?/4641,D*0P&*#W"&+*//&4*#30/6*+*G*/E# ## R53+15K<+^2V)+'*4+J<30)K0'*)+K<35:(<5:K+K<203+<0)K5302)?+K<2+M30.'3L+M:3M5)2+5B+<23.2*2:K0;)?+ '*4+5B+K<2+2h2(0;'-+.2K<54)+2.M-5L24+0*+0*K23M32K'K05*?+<')+122*+K5+40);5P23+K<2+K3:K<)+'*4+P'-:2)+ 5B+K<2+Q01-2%!IU8# ##
  • 17. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#<N# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- W0"H0[*# P0/%*/# )0"30/0(+&G*]# +(Z(*/# +*2&"# H(G*/1*)# (/+(G# 30/4*"&# /&1*&# G0H0/*"*/# *1J O("c*/]#G0"*/*#G*(3#7(21&3&/#+01*)#20D*G*+#H*)*^*#*1JO("c*/#G0201("()*//6*#*P*1*)#G*1*3(11*)]# P*/#20G*1&%(2#G0H0/*"*/#-*1J)*e8#&+(#20/P&"&;# ## !*1*3#D0"H*)*2*/#*12**)#D(1*]#)0"30/0(+&G*#20/+&*2*#301&)*+#20H(*)#G*"6*#P*"&#2(P(+# +&%*#20"*/%G*&#-+"&*P&4#"01*+&,/8f#+0G2#-+0d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h#.+(1*)#P&103*#6*/%# +0"Z*P&#P*1*3#)0"30/0(+&G*#W&H10f#P&#2*+(#2&2&#)0"30/0(+&G*#P&H0"&#+(%*2#(/+(G#303D0"H0+(1G*/#+0G2]# P*/#P&#2&2&#1*&/#P&+(/+(+#303H(*+#D0/*2&"*/#+0")*P*D#+0G2#&+(#20/P&"&;# ## BD*H&1*#)0"30/0(+&G*#P&+0"*DG*/#D*P*#2+(P&#*1JO("c*/]#3*G*#+0G2J+0G2#P*/#*6*+J*6*+#*1J O("c*/# *G*/# P&D0"+*/6*G*/# P*)(1(# G0H0/*"*//6*f# H0+(1G*)# &*# G*1*3(11*)]# H(G*/G*)# &*# +01*)# H0"4*3D("#P0/%*/#G*+*JG*+*#3*/(2&*]#H(G*/G*)#H*)*2*#6*/%#P&%(/*G*/#Z(%*#*P*1*)#H*)*2*# 3*/(2&*#6*/%#30/Z*P&#H*)*%&*/#P*"&#H(P*6*#P*/#20Z*"*)#3*/(2&*]#*D*G*)#Y()*/#H0"4*G*D#P*1*3# H*)*2*#B"*H]#P*/#1*&/J1*&/#D0"+*/6**/#6*/%#*G*/#30",/%G*&#G0&3*/*/#G*(3#7(21&3&/#+0")*P*D# *1JO("c*/# *1JQ*"&3;# W01(3# 1*%&# G&+*# 2*3D*&# G0D*P*# +*2&"# *1JO("c*/]# G&+*# 2(P*)# P&20"*/%# P*)(1(# P0/%*/#D0"2,*1*/JD0"2,*1*/#c+0G2c#6*/%#P&1*)&"G*/#,10)#)0"30/0(+&G*;# ## >0")*+&G*/# (/%G*D*/J(/%G*D*/# H0"&G(+# &/&# 6*/%# P&+0"H&+G*/# P*1*3# X("/*1# X(2+&2&*]# T*G(1+&# '6*"&*)]#./2+&+(+#B%*3*#.21*3#@0%0"&#-.B.@8]#'03*"*/%E# ## !*1*3# 2+(P&# G"&+&G# *1JO("c*/]# D0"+*3*# G*1&# 6*/%# D0"1(# P&1*G(G*/# *P*1*)# G"&+&G# )&2+,"&2&+*2# *1J O("c*/;# W*)*^*# O("c*/# G&/&# 2(P*)# H0"(D*# +0G2# 6*/%# G0+&G*# )*P&"# H(G*/# H0H*2# /&1*&# P*/# +*/D*# G,/+0G2;#X(2+0"(#G,/+0G2#B"*H#<K#*H*P#2&1*3#+01*)#30/%G,/2+"(G#i*+*(E#303H0/+(Gj#O("c*/;#BP*1*)# 7()*33*P#2;*;^;]#20,"*/%#&%("#6*/%#2*10)#P*/#H0")*2&1#30/+"*/2,"3*2&G*/#/*1*"#G"&+&2/6*#P*1*3# H0"P0*1&G+&G*#P0/%*/#"0*1&+*2#B"*H;#@*3(/]#20+01*)#7()*33*P#^**+]#%0/0"*2&#D*24*#7()*33*P# +0"1&)*+# +&P*G# G"0*+&;;;;;;;!*"&# 20G&*/# H*/6*G# P*+*"# G0+&P*GJG"0*+&*/# %0/0"*2&# D*24*# 7()*33*P]# 6*/%#D*1&/%#30/401*G*G*/#*P*1*)#D03H(G(*/#O("c*/#P0/%*/#P&*10G#O("*&26]#,10)#Q)*1&*)#$23*/# &H/#B*/#6*/%#P&&G(+&#P0/%*/#G1*&3#,+,"&+*2#3(2)*/6*#20H*%*&#3(2)*#+0"*H2*)#P*/#303H*G*"# -30/%)&1*/%G*/#D0/%*"()8#3(2)*J3(2)*#3&1&G#2*)*H*+#1*&/;;;;#;;Q0"*/*/6*#3(/4(1#*2(32&#H*)*^*# D03H(G(*/# O("c*/# )*/6*# 2&*2*+# H*/%2*# O("*&26]# 301*1(&# $23*/]# (/+(G# 303D0"+*)*/G*/# )0%03,/&/6*#*+*2#3*26*"*G*+#B"*H#iP*/#.21*3j;#90%03,/&#&+(#+*3D*G#Z01*2#+0"D(2*+#D*P*#"*/*)#
  • 18. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#<R# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- G0G(*2**/]#*%*3*#P*/#H(P*6*;#!*/#)*/6*#,"*/%#6*/%#30/2*G"*1G*/#O("c*/1*)#6*/%#H0")*2&1# +0"D0"*/%G*D#2&*2*+#H*/%2*#O("*&26#+0"20H(+;-I<8# ## '0D0"+&#6*/%#2*6*#G*+*G*/#20H01(3/6*]#&2(#)0"30/0(+&G*#*D*H&1*#P&+0"*DG*/#D*P*#2+(P&#*1J O("c*/# *G*/# H0"G*&+# P0/%*/# &2(# O("c*/# ?P&2&# Q"&+&2;# ./&# G0"*/*# )0"30/0(+&G*# *P*1*)# 30+,P,1,%&# D0/+*2&"*/#6*/%#303D0"3*2*1*)G*/#+0G2#6*/%#*G*/#P&+*2&"G*//6*;#BD*H&1*#&+(#+0"Z*P&#D*P*#G*Z&*/# W&H10]#3*G*#)*1#&+(#*P*1*)#^*Z*"#P*/#3(/*2*H*)]#G0"*/*#303*/%#&+(1*)#"0*1&+&#G&+*H#+0"20H(+;#Y0+*D&# *D*H&1*#)*1#&+(#P&+0"*DG*/#D*P*#*1JO("c*/]#H(G*/G*)#&+(#H0"0"+&#2(*+(#&G&"*/#G0H01*G*/%h#X01*2#20G*1&# 4*"*# H0"&G&"# 20D0"+&# 6*/%# +0"(/%G*D# D*P*# D0+&G*/# Z("/*1# P&# *+*2# *P*1*)# 4*"*# H0"&G&"# 3(/P("# G0H01*G*/%;# ## Q&+*#D(/6*#+"*P&2&#+*2&"#6*/%#+&P*G#P&3&1&G&#,10)#*%*3*J*%*3*#1*&/#6*/%#G&+*H#2(4&/6*#3*2&)# H0"%01(+#P0/%*/#D0"3*2*1*)*/#+0G2;#'01("()#(3*+#.21*3#20D*G*+#H*)*^*#1**[#*1JO("c*/#*P*1*)# P*"&#B11*)#2;^;+;#'0+01*)#G020D*G*+*/#&/&]#3*G*#+(%*2#(3*+#.21*3#P*/#D*"*#(1*3*/6*#201*/Z(+/6*# *P*1*)#30/*2&"G*//6*#*D*H&1*#*P*#*6*+J*6*+#6*/%#D0"1(#P&D0")*1(2&#1*%&;#>",;#@*e(&H#*1JB++*2]# 3&2*1/6*]#D0"/*)#30/%*+*G*/E# ## ,*4224?+ 0K+ V')+ 12;':)2+ 5B+ );02*K0B0;+ *'K:32+ 5B+ K<2+ )K3:;K:32+ 5B+ K<2+ -'*(:'(2+ K<'K+ K<2+ B03)K+ );02*;2+'.5*(+K<2+=:)-0.)+ +K<2+);02*;2+5B+2h2(2)0)+'*4+;5..2*K'3L+!K'B)03#+12;'.2+M5))01-2+ '*4+ ';K:'-0U24d+ '*4+ K<2+ 80*4+ 5B+ 2h2(2)0)+ '*4+ ;5..2*K'3L+ *5K+ i:0K2+ 042*K0;'-+ V0K<+ &3228+ <23.2*2:K0;)?+ *53+ 0*4224+ V0K<+ K<2+ <23.2*2:K0;)+ 5B+ K<2+ J<30)K0'*)?+ *53+ V0K<+ '*L+ [);02*;2[+ 5B+ 0*K23M32K'K05*+5B+)';324+);30MK:32+5B+'*L+5K<23+;:-K:32+'*4+;0P0-0U'K05*;#-I=8# ## BD*H&1*# G&+*# 303D0"+&G*&G*/# +0G2J+0G2# *1JO("c*/]# D*P*)*1# G&+*# +&P*G# D(/6*# 3*2*1*)# &+(]# H(G*/G*)#&+(#2*+(#G03(/P("*/h#B/0)/6*]#H*%&#%,1,/%*/#.21&H#30/%(H*)J/%(H*)#+0G2#*1JO("c*/# P&*/%%*D#2*+(#G03*Z(*/;#'**+#&/&#D0/%*"()#)0"30/0(+&G*#2(P*)#3*2(G#G0#D(2*+#D0/%*Z&*/#+&/%%&# .21*3#P&#./P,/0 ,10)#D*"*#3*)*2&2^*#D",%"*3#2+(P&#Y*2&"J9*P&2#P&#$/&50"2&+*2#.21*3#@0%0"&#-$.@8#'6*"&#9&P*6*+(11*)]# c7*)*2&2^*#P*D*+#30/Z01*2G*/#P*/#30/0"*DG*/#&13(#)0"30/0(+&G*#P*/#203&,+&G*#+0")*P*D#G*Z&*/# *1JO("c*/#P*/#9*P&2;c#-II8# ## # P2%E'-/(/"-'# ## A0"*G*/#03&/&230#W*"*+#6*/%#H0"+(Z(*/#30^(Z(PG*/#D0"2*3**/#1*G&J1*G&#P*/#D0"03D(*/#-%0/P0"# 0e(*1&+68]#Z(%*#303D0/%*"()&#D03&G&"*/#.21&H;#T03&/&230#*1*#.21&H#H&*2*/6*#30/(/+(+#D0"2*3**/# )(G(3J)*G*3#26*"&*)#*/+*"*#101*G&#P*/#^*/&+*;#>0"H0[**/#)(G(3#26*"*c#*/+*"*#^*/&+*#P*/#101*G&#
  • 19. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#<S# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- .21*3#P&*/%%*D#+&P*G#*P&1#,10)#%,1,/%*/#&/&;#!&#./P,/02&*#)*1#&/&#P&G02*/#P0/%*/#3(/4(1/6*#20H(*)# G0"+*2# G0"Z*# 6*/%# H0"+*Z(G# aV,(/+0"# C0%*1# !"*+# B+*2# Q,3D&1*2&# 9(G(3# .21*3a# -VC!JQ9.8# ,10)# 2*+(# Z*^*+*/G(*2*# cQ01,3D,G# Q0"Z*# >0/%*"(2(+*3**/# A0/P0"# ->$A8# !0D*"+030/# B%*3*# F0D(H1&G# ./P,/02&*c# 6*/%# P&D&3D&/# ,10)# !";# 7(2P*)# 7(1&*;# !&# */+*"*# &2(J&2(# 1&H0"*1# P*/# 4,/+",50"2&*1# 6*/%# P&+&3H(1G*/#P*1*3#VC!JQ9.#&/&#*P*1*)#-IK8# ## <; >,1&%*3&#+&P*G#2*)#P*/#302+&#P&/6*+*G*/#H*+*1#204*"*#(/P*/%J(/P*/%;# =; >0"G*)^&/*/#6*/%#H0"H0[*#*%*3*]#+0"3*2(G#*/+*"*#7(21&3*)#P*/#H(G*/#.21*3#302+&#P&G&"*# 2*);# I; 7*2*#c&PP*)#H(G*/#)*/6*#(/+(G#^*/&+*#2*)*Z*]#+*D&#Z(%*#(/+(G#1*G&J1*G&;#7*2*#c&PP*)#1*G&J1*G&# *P*1*)#<IU#)*"&;# K; .2+0"&#H,10)#Z(%*#30/Z*+()G*/#+*1*G;# L; W*)*%&*/#^*"&2*/#*/*G#1*G&J1*G&#P*/#*/*G#^*/&+*#*P*1*)#2*3*;# ## W&H&+J J*/*G# ^*/&+*# +,G,)J+,G,)# /0%*"*^*/# 7*1*62&*;# WWV# @0^2# -`/# C&/08# <<)H# 7*4# =UUN# 3&2*1/6*# +01*)# 30/6&*"G*/#G0/6*+**/#7*"&/*#7*)*+)&"#6*/%#G,/,//6*#cP&#7*1*62&*#^*/&+*#7(21&3#30/Z*P&#3*/%2*# c*D*"+)0&Pc;#Q*+*#7*"&/*]#a_0#2),(1P#*12,#/,+0#+)*+#,/16#&/#7*1*62&*#*"0#7(21&3#^,30/#"0%"022&/%f#&/# 050"6#,+)0"#7(21&3#4,(/+"6#&/#+)0#^,"1P]#^,30/#)*50#H00/#%*&/&/%#"&%)+2]#/,+#1,2&/%#+)03a#20D0"+&# 6*/%#P&D0+&G#WWV;#Q0/6*+**/#H01&*(#&+(#20H0/*"/6*#H0"4*/%%*)#P0/%*/#"0*1&+&#20H0/*"#P&#3*/*# ^*/&+*#P&#7*1*62&*#303*&/G*/#D0"*/*/#6*/%#10H&)#*G+&#P*1*3#203(*#H&P*/%#G0"Z*6*#P&H*/P&/%G*/# P0/%*/#G0H*/6*G*/#^*/&+*#P&#/0%*"*J/0%*"*#.21*3#1*&//6*;# ## B3&/*#_*P(P]#+,G,)#D0/%*2*2#'.']#6*/%#+&P*G#1*3*#P*)(1(#30/%%03D*"G*/#P(/&*#.21*3# P0/%*/#H0"+&/P*G#20H*%*&#G)*+&H#P*/#&3*3#2,1*+#X(3*c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
  • 20. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#<M# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- "*23&]#+0+*D&#+0G*/*/#%1,H*1&2*2&#*D*H&1*#+&P*G#P&+*/%*/&#204*"*#H&Z*G2*/*]#H,10)#30/%*G&H*+G*/# +0")*G&2/6*#(/%2&#(/P*/%J(/P*/%#&/&;# ## Q,3&+30/#7*1*62&*#6*/%#H0"2&G*D#+0%*2#+0")*P*D#D03&G&"*/#.21&H#D0"1(1*)#P&)*"%*&;#!*1*3# 2("*+#G)*H*"#$+(2*/#7*1*62&*]#=<#70&#=UUL#70/+0"&#P&#X*H*+*/#>0"P*/*#70/+0"&]#!*+(G#!";#BHP(11*)# 7P;#g&/#30/%&/%*+G*/#(3*+#.21*3#P&#/0%*"*#&/&#2(D*6*#+&P*G#+0"D0/%*"()#P0/%*/#*)*3*/#.21*3# 1&H0"*1#G0"*/*#&*#H0"+0/+*/%*/#P0/%*/#*G&P*)#P*/#26*"&*+#.21*3;#Q*+*/6*]#&/&#H,10)#P&1&)*+#301*1(&# D"&/2&D# *)*3*/# &/&# 6*/%# 301&)*+# 202(*+(# D0"G*"*# P*1*3# G0)&P(D*/# 30/%&G(+# D0/0"&3**/# 3*26*"*G*+#203*2*]#30/%(+*3*G*/#"*2&,/*1#D03&G&"*/#203*+*J3*+*#P*/#30/%*/%%*D#203(*# *%*3*# *P*1*)# 2*3*;# a!*/# D*1&/%# H*)*6*# 20G*1&# *Z*"*/# &/&# +("(+# P&20H*"G*/# 301*1(&# 20"*/%*/# D03&G&"*/# 6*/%# P&H(*+# 204*"*# )*1(2;;;# 7*1*)]# D0/%&G(+# *)*3*/# &/&# +01*)# 30^(Z(PG*/# 20H(*)# H*P*/# 6*/%# P&G0/*1&# 20H*%*&# X*"&/%*/# .21*3# C&H0"*1# 6*/%# H0"+(Z(*/# (/+(G# 30/60H*"G*/# 201(*2J 1(*2/6*#*)*3*/#&/&#P&#2*3D&/%#30^(Z(PG*/#"*/%G*&*/#G0#/0%*"*J/0%*"*#1*&/;a#W*%*&3*/*D(/# G*+*/6*]#7*1*62&*#6*/%#Z01*2#+0"3*G+(H#.21*3#20H*%*&#*%*3*#"*23&/6*#+0+*D#*G*/#30/%)*1*/%# D0"G03H*/%*/# &/&# ^*1*(# 301*1(&# *D*# 4*"*# 20G*1&# D(/;# aQ&+*# *G*/# 30/%%(/*G*/# 20%*1*# 2*1("*/# 204*"*#H0"20D*P(#P*/#+0"*/4*/%#H0"3(1*#P*"&#D0/P&P&G*/#)&/%%*1*)#G0#D0/%(*+G(*2**/#(/P*/%J (/P*/%#H*%&#30301&)*"*#*G&P*)#(3*+#.21*3#P&#/0%*"*#&/&]a#+*3H*)/6*;# ## 7(P*)J3(P*)*/# B11*)# 301&/P(/%&# ./P,/02&*# P*/# 7*1*62&*# P*"&# &+/*)# D03&G&"*/# .21*3# C&H0"*1;#B3&/#b*#F*HH*1#cB1*3&/;# ## # % % % % % % % % % % % % % % % %
  • 21. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#=U# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- % 7#K#F+(E# ## <;# C&)*+# C0,/*"P# W&/P0"]# .21*3&4# C&H0"*1&23E# V"&+&e(0# ,# !0501,D30/+# .P0,1,%&02]# V)&4*%,E# Y)0# $/&50"2&+6# ,# V)&4*%,#>"022]#<MSS;# =;#V)*"102#Q("[3*/]#C&H0"*1#.21*3#J#B#',("40H,,G]#@0^#b,"GE#`d,"P#$/&50"2&+6#>"022]#<MMS;# I;#C&)*+#A"0%#W*"+,/]#Y)0#?30"%0/40#,#@0,J7,P0"/&23E#B#>",%"022&50]#C&H0"*1#7,5030/+#,#.21*3&4#Y),(%)+]# <MML;#W(G(#&/&#D*P*#*2*1/6*#*P*1*)#P&20"+*2&#>);!#P&#7,/*2)#$/&50"2&+6]#B(2+"*1&*;# K;#!"2;#@("4),1&2#7*PZ&P]#a'0G*1&#C*%&#Y0/+*/%#'0G(1*"&2*2&a]#P*1*3#Q,"0G2&#Y0")*P*D#!"2;#@("4),1&2#7*PZ&P#Y0/+*/%# '0G(1*"&2*2&]#,10)#>",;#!";#9;7;#F*2Z&P&]#X*G*"+*E#W(1*/#W&/+*/%]#A0+;#=]#<MRR]#3;2;#II;## L;# 9*"506# V,d]# Y)0# '04(1*"# V&+6E# '04(1*"&[*+&,/# */P# $"H*/&[*+&,/# &/# Y)0,1,%&4*1# >0"2D04+&50]# @0^# b,"GE# Y)0# 7*43&11*/#V,3D*/6]#i<MNLj#"05;#0P;#<MNR;# N;#>",;#!";#9;7;#F*2Z&P&]#Q,"0G2&#Y0")*P*D#!"2;#@("4),1&2#7*PZ&P#Y0/+*/%#'0G(1*"&2*2&]#X*G*"+*E#W(1*/#W&/+*/%]#A0+;# =]#<MRR]#3;2;#<S;#'0+0"(2/6*#P&D0+&G#20H*%*&#F*2Z&P&;# R;#F*2Z&P&]#3;2;#KR;# S;#.H&P;]#LS;# M;#.H&P;]#SL;# <U;#7*Z*1*)#Y03D,]#0P&2&#<MJ=L#@,503H0"#=UU<;# <<;#_*Z*)#.21*3#C&H0"*1#P&#./P,/02&*]#X*"&/%*/#.21*3#C&H0"*1]#X*G*"+*]#3;2;#=I=J=II;# <=;# C&)*+# '60P# 7()*33*P# @*e(&H# *1JB++*2]# .21*3# */P# '04(1*"&23]# Q(*1*# C(3D("E# .'YBV]# <MMIf# P&+0"H&+G*/# D0"+*3*#G*1&#+*)(/#<MRS#,10)#B/%G*+*/#W01&*#.21*3#7*1*62&*#-BW.78;# <I;#C&)*+#b(2(#*1JO*"*P*^&]#*1J.21*3#^*#*1Jc.13*/&66*)#_*Z)*/#1&#_*Z)&/]#A0+;#R]#Q*&",E#7*G+*H*)#_*)H*)]#<MRR;# <K;#>0/(1&2#D0"/*)#30/6*3D*&G*/#G0"+*2#G0"Z*#P*1*3# 203&/*"# >03&G&"*/#*1JO*"*P*^&#6*/%#P&*/Z("G*/#,10)# T*G(1+&# >0/%*Z&*/# .21*3# $/&50"2&+&# 7*1*6*# D*P*# <=J<I# X*/(*"&# =UUI# P0/%*/# +*Z(G# a*1JB++*2# P*/# *1JO*"*P*^&# 70/%0/*&#.21*3#P*/#'0G(1*"&230E#X*^*D*/#Y0%*2#!(*#.13(^*/#.21*3#'03*2*a;#Q03(P&*/#P&+0"H&+G*/#P*1*3# BG*"#J#X("/*1#BG&P*)#P*/#>03&G&"*/#.21*3]#$/&50"2&+&#7*1*6*]#70&JX(/#=UU=]#3;2;#<KIJ<NK;# <L;#C&)*+#B/&2#7*1&G#Y),)*]#Y"0/#>1("*1&230#B%*3*]#X*G*"+*E#A03*#./2*/&#>"022]#=UUL;# <N;#$/+(G#303*)*3&#G0P(*JP(*#*1&"*/#D1("*1&230#&/&]#1&)*+#3&2*1/6*]#B/&2#7*1&G#Y),)*]#aQ,/20D#_,"1P#Y)0,1,%6# P*/# A1,H*1# Y)0,1,%6# J# ?G2D,2&2&# !,G+"&/# >1("*1&230# B%*3*# '3&+)# P*/# 9&4Ga]#.21*3&*# J# 7*Z*1*)# >03&G&"*/# P*/# >0"*P*H*/#.21*3]#Y)/#<]#/,;#K]#X*/(*"&#J#7*4#=UUL]#3;2;#KSJNU;# <R;#C&)*+#3&2*1/6*]#BP/*/#B2&*/]#F01&%&,(2#>1("*1&23#&/#V)"&2+&*/#*/P#.21*3&4#>)&1,2,D)6#J#Y)0#Y),(%)+#,#X,)/#9&4G# */P#'0660P#9,220&/#@*2"]#C,/P,/E#V("[,/]#<MMK;# <S;#@()#9*#7&3#Q0110"]#F01&*/40#,#+)0#Y"*50110"]#F05;#?P;]#?5*/2+,/E#'("3*#W,,G2]#<MMK]#3;2;#<UML;# <M;#Y&%*#B%*3*#'*+(#Y()*/]#W*/P(/%E#7&[*/]#<MMM]#3;2;#d&d;# =U;#!&D0+&G#P*"&#2("*+#G)*H*"#j*^*#>,2]#<<#X*/(*"&#=UUK;# =<;#!&D0+&G#P*"&#3*Z*1*)#A*+"*]#=<#!&203H0"#=UU=;# ==;#!&D0+&G#P*"&#2("*+#G)*H*"#Q,3D*2]#<S#@,503H0"#=UU=# =I]#!&D0+&G#P*"&#1*3*/#.21&H;# =K;#C&)*+#V)*"102#Q&3H*11]#_)0/#F01&%&,/#W04,302#?5&1]# =L#!&G01(*"G*/#,10)#'04"0+*"&*+#BVV.@#-B11&0P#V,,"P&/*+&/%#V,33&++00#,#.21*3&4#@A`c28#6*/%#H0"*1*3*+#P&# B/%G*+*/#W01&*#.21*3#7*1*62&*#-BW.78]#B/Z(/%#F*)3*+]#W*+(#N]#X*1*/#A,3H*G]#LI<UU#Q(*1*#C(3D("f#*+*(#1&)*+# 1*3*/#^^^;%0,4&+&02;4,3:H*/+*)J&4#
  • 22. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#=<# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- =N#C&)*+#*"+&G01/6*#a?P&2&#Q"&+&2#*1JO("c*/a#P*1*3#_*Z*)#.21*3#C&H0"*1#P&#./P,/02&*]#X*G*"+*E#X.C]#=UU=;# =R;#C&)*+]#$%&#'()*"+,]#a$D*6*#70"(/+()G*/#7(2)*#$+)3*/&#!*"&#!*)(1(#'0)&/%%*#Q&/&a#P*1*3#W(110+&/#*1J9&G3*)# .'YBV]#/,;#<]#+*)(/#S]#=UU=]#3;2;#<NJKU;#'&1*#1&)*+#cC*3D&"*/c#(/+(G#30/%&G(+&#P&*1,%#+0"20H(+# =S;#./&# *P*1*)# G*+*JG*+*# C(+)&0# B26*(G*/&]# 2*1*)# 20,"*/%# *G+&&2# X.C]# ^0H2&+0#&21&H;# !&D0+&G# P*"&# BP&*/# 9(2*&/&]# 90%03,/&#Q"&2+0/#W*"*+#!*1*3#'+(P&#.21*3#P&#>0"%("(*/#Y&/%%&]#X*G*"+*E#A03*#./2*/&]#=UUN]#3;2;#<=I;# =M;#A0"PJF#>(&/]#a`H20"5*+&,/#,/#?*"16#O("c*/#7*/(24"&D+#&/#'*/c*a#P*1*3#Y)0#O("c*/#*2#Y0d+]#0P;#'+0*/#_&1P]# C0&P0/E#?;X;#W"&11]#<MMN]#3;2;#<UR;# IU;#?/4641,D*0P&*#W"&+*//&4*]#0P&2&#G0#<L#-<MML8]#LE#SRK]#<H;# I<;#X("/*1#X(2+&2&*]#?P&2&#=I]#+)/;#k.]#=UUI;#!&D0+&G#P*"&#BP&*/#9(2*&/&]#,D;#4&+]#3;2;#<LN;# I=#;#'60P#7()*33*P#@*e(&H#*1JB++*2]#Y)0#V,/40D+#,#?P(4*+&,/#&/#.21*3]#Q(*1*#C(3D("E#.'YBV]#<MMM#i+0"H&+# D0"+*3*#+)/;#<MSUj]#3;2;#K;# II;#BP&*/#9(2*&/&]#&H&P;]#=RR;# IK;#.H&P;]#=NNJ=NR;# ## l#a23K')+a23>'+0*0+4012*K'*(8'*+4'-'.+ I2.0*'3+C*;'.'*+,)-'.+/0123'- +'*>:3'*+a23'>''*+a2-'*K'*+ 4'*+ &'1:*('*+ 723)'K:'*+ 735B2)05*'-+ a2-'*K'*?+ 40+ Q'-'0+ ,)-'.?+ /:*4'*(?+ a5K'+ Q'<'3:?+ a2-'*K'*?+ M'4'+Z<1%+^:*?+$NNT%+@0)0'38'*+)2.:-'+42*('*+0U0*+M2*2310K+@0'*+@'3:-*'0.+I4*+Q<4+!@2*('*+)24080K+ M0*4''*#%+C3K082-+')'-+K2-'<+40):*K0*(+5-2<+240K53+VVV%4'3:-8':K)'3%*2K+4'*+12123'M'+M0*4''*+K2-'<+ 401:'K+K23:K'.'*L'+'-0<+1'<')'+4'30+Q'<')'+,*45*2)0'+82M'4'+Q'<')'+=2-'L:%+ + I:.1236+<KKM6jjVVV%4'3:-8':K)'3%*2Kj'3K0;-2%M<MfC3K0;-2,@kZG"+ +<KKM6jjVVV%4'3:-8':K)'3%*2Kj'3K0;-2%M<MfC3K0;-2,@kFFT+ % % % % % % % % % % % % % % % % %
  •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e&P*)#]#'6*"&*)]#BG)1*G]#$33*)#!*/#@0%*"*# =; # I; >0/Z01*2*/#Y0")*P*D#T*)*3*/#'6&*)# K; '0Z*"*)#'6&*)# L; >0"2*3**/#'6&*)#!*/#b*)(P&#-!*/#@*2"*/&8# N; # % A6&65E% <; W01&+*/#.H12#!*1*3#BZ*"*/#Y*"&e*+# =; >0/6010^0/%*/#BZ*"*/#7*"+*H*+#Y(Z()# I; Y*"&e*+#@*226*H*/P&*)#B1JB1&66*)#'60&G)#@*[&3#B1J9*ee*/# K; _*1&#O(+H]#BHP*1#B^+*H]# J%)*&H#!*/#F&Z*1#B11*)# L; #Y*2*^(#.21*3#!&#B+*2#@0"*4*#>0"+&3H*/%*/# # 5858% <; >0/6010^0/%*/#Be&P*)# #.2(]#7*2*1*)#!*/#V*"*#>0/60102*&*//6*# =; 9*G&G*+#'&)&"#!*/#>0"P(G(/*/# I; Q0G*"(+*/#'0G&+*"#Q*6(#Q,GG*# K; 70/6&/%G*D#F*)2&*#!&20H*1&G#Q0Z*P&*/#@("#7()*33*P# L; '("*+#W0"*/+*&#W,10)#70/60H*HG*/#'6&"&G## N; '(2(G# #BP*#$/2("#'6&"&G# % %
  • 24. !!!"#$%&'($&)*$%"+,)- ! 9*1*3*/#$+*3*# # #3:2;#=I# ! 2*&32*&-4,+)%$'-2*'$5-617,%$'- %:3.?6;6!% % 9*P&+)## J%>0/%*Z&*/#B1J9*P&+)#!*/#Y(/+(+*/#7*2*G&/&# J#MM#$2(1#!&"*6*)#$/+(G#70/%0/*1#>*2+&#9*P&+2J9*P&+2#!)*m&#!*/#7*(P)(m# # '6*"&*+## J% #,10)#>",#!"#b(2(#O*"P)*^6# J# # % 7*26*"*G*+#n#',2&*1%% J%Q02*1*)*/JQ02*1*)*/#!*1*3#703H0"&#@*3*# J#Q02*1*)*/JQ02*1*)*/#!&#P*1*3#70/(+(D#B("*+# # '0Z*"*)#P*/#'&"*)%% J% #Q)*1&*)#F*2)&P#b*/%#Y0"*/&*6*# J#'6&*)#>03H(/()#'*66&P&/*#9(2*&/#!&#Q*"H*1*# J# # # Q0&/P*)*/#.21*3# "!Y)0#B3*[&/%#O("c*/#H6#A*"6#7&110"# J#B3&/*)#B2J'&13&#E#B#A&"1#`/#B#7&22&,/# J#T*12**)#>,1&+&G#!&#'0H*1&G#'03H*)6*/%#W0"Z03**)# # !