Sunteți pe pagina 1din 12

".# /0123/# 24# 2.

# 5632# 7/43289/6:42/;
<=>?#.277@A4#9565#2.#9B@7/54:.@B@BC
!

" ! # $ !

%&

' ( ) * + & ,

%- .

!"#$%&$#!"%'()'*+#,!"+,"+-"!#&+"*!"-$.!#"!"$,"*/0'#1/'"*+"-!"#+%#+(+,&!1/2,3"*+
-!")4)+(/("5"*+"-!"(+)+6!,7!3"8!(&!"!-1!,7!#"-!"/,0/(/9/-/*!*"*+-"'96+&':";(&!
#$%&$#!"0!"*+"-!")!,'"*+"$,!"*+(.!##!*$#!"*+-"/)!./,!#/':"<-"/-$(&#!#"-!"&#!5+1=
&'#/!"*+-"0/+6'"!-",$+0'"'96+&'3")+"%#'%',.'"(/&$!#"($"%#'9-+)>&/1!"!1&$!-:

! " # $% # &"'&"(")*%+,-) # % # $% # '&"(")*%+,-)


;("(!9/*'"?$+"+-"!#&+"5"+-"!#&/(&!3"8!(&!"+-"(/.-'"@A@3"&$0/+#',"$,"%!%+-"+,"-!"1',(&#$11/2,
*+-"B#!,"C&#'3"*+-"C&#'"D/)92-/1'3"+,"1!*!"$,'"*+"($("0/#!6+("5"($(&+,&!*'"+,"-!(
E/.$#!("*+"-!"A.-+(/!"5"+-";(&!*'"5"($("#+E+#+,&+(:"F'#"+6+)%-'3"-!"%+-41$-!"!"#$%&#'()*(3"*+
<-!/,"G'#9+!$3"+(&#+,!*!"8!1+"$,'("!H'("+,"I#!,1/!"5"?$+"8+)'("&+,/*'"'1!(/2,"*+"0+#
#+1/+,&+)+,&+"+,"-!("(!-!("*+"1/,+"*+"J'.'&>3")$+(&#!"*+")!,+#!"+K?$/(/&!"12)'"+'96+&'" +," 1$+(&/2," +," -!" 2%+#!" +(" -!" 0'7:" L+(%#+,*/*!" *+-" (/.,/E/1!,&+3" ($" ('%'#&+
)!&+#/!-3"-!"0'7"(/#0+"*+"'96+&'"('9#+"+-"1$!-"#+%'(!"+-"B#!,"C&#'M"+,"-!"#+%#+(+,&!1/2,
'%+#>&/1!"*+"-'("(+)9-!,&+("('(&/+,+"+-"#+E+#+,&+"E>-/1'3"+,1!#,!*'"+,"N$/("@AO3"+-"P+5
D'-3"('9#+"+-"?$+"./#!"5"'%+#!"+-"B#!,"C&#'"*+"!?$+-")')+,&':
F'#"N!1!,"(!9+)'(3"+,"+-"+(1#/&'"+(#',$%--,.)#'%#"(#-/$(#&#"01#2$,)-,2,01#'%#1/
20'%$Q3"?$+"-!"#+%#+(+,&!1/2,"*+-"E!-'",'"8!"(/*'"-!")/()!"+,"&'*!("-!("R%'1!(:"F'*+=
)'("/,E+#/#"+,&',1+("?$+"+-"!#&/(&!3"!"-'"-!#.'"*+"-!"8/(&'#/!3"8!"(/*'"?$/+,3"1',"($"(!9+#
0/($!-3")$+(&#!"+,"($("'9#!("-!"($96+&/0/*!*"*+"($"&/+)%'3"%!#!"('(&+,+#"'"%!#!"/,&+##'=
.!#3"%'#"-!"04!"*+-"'96+&'3"+-"#+E+#+,&+"E>-/1'"*+"1!*!"R%'1!:

0!-12*,%'!-!#3%!"#$%&'"()3%"456783%,69:8%;;(%*<6=8>?@3%/ABC3%DE9.

L$#!,&+"+-"(/.-'"@O"-!"%+#(%+1&/0!"E$+"!-")/()'"&/+)%'"+-"%/0'&+"('9#+"+-"1$!(+"1#+2"+-",$+0'"'#*+,"(/)92-/1'"*+"#+%#+(+,&!1/2,"*+-")$,*'"5"$,!")!,+#!"*+"9!##!#
+-"B#!,"C&#'"S+'1#>&/1'"*+"-!";*!*"T+*/!3"#+%#+(+,&!*'"%'#"-'"1+-+(&/!-"5"%'#"-!"A.-+(/!:

F/G.

012

" # $ % & ' # ( ) (

* "

) + # , " ) -

( %

* +

, - , . / # )

<?$R--!"/,&#'*$1+"'&#!")!,+#!"*+"'#*+,!#"-!"0/(/2,"*+-")$,*'3"#+./*!"%'#"-!",!1/+,&+
#!72,"8$)!,/(&!3"*+"-!"1$!-"N+',!#*'"5"J#$,+-+(18/"(',"#+%#+(+,&!,&+("+)9-+)>&/1'(:
U!(&!"-'("!H'("1/,1$+,&!"*+-"(/.-'"%!(!*'3"-!"%#'*$11/2,"!#&4(&/1!"&$0'"1')'
#+E+#+,&+"E$,*!)+,&!-"-!"/)!.+,"'96+&$!-3"&!,&'"+,"+-"!#&+"E/.$#!&/0'"1')'"+,"+!#&+"!9(&#!1&':"F'*+)'("*+1/#"?$+"8!(&!"+(&+")')+,&'"-!"%#'*$11/2,"!#&4(&/1!"+#!
$," +(E$+#7'" *+" )4)+(/(3" *+" (+)+6!,7!3" *+" #+%#+(+,&!#" -!" /)!.+," *+-" )$,*'" !
&#!0R("*+"($("'96+&'(3"!5$*!,*'"!(4"!"1',(+#0!#"-!("8$+--!("*+-"C&#'"*+"-!"U/(&'#/!M
$,"+6+#1/1/'"*+")+)'#/!"!"%!#&/#"*+"-'("0+(&/./'("*+-"'96+&'"%+#*/*':"V'("+,1',&#!=
)'("!(4"1',"-!("&#!7!(3"-'("#+(&'(3"!"-'("1$!-+("I#+$*"(+"#+E+#4!"!-"8!9-!#"*+"-!"!#?$+'=
-'.4!"*+-"'96+&'3")+&>E'#!"*+"($"%#/)+#!"&+'#/7!1/2,"('9#+"+-"/,1',(1/+,&+:";(&!(
#$/,!("*+-"%!(!*'"?$+"($(&+,&!,"+-"+*/E/1/'"*+"-!")+)'#/!"(',"+-"'96+&'"%#+1/'(!)+,&+
.$!#*!*'"+,"-'(")$(+'(:
<"%!#&/#"*+"-'("!H'("1/,1$+,&!"*+-"(/.-'"%!(!*'3"(+"/,/1/!"+-"*+1-/0+"*+"-'(
)'0/)/+,&'("*+"!#&/(&!("?$+"1$+(&/',!9!,"+-"#+E+#+,&+"'E/1/!-"*')/,!,&+"+,"+-"!#&+
5"+,"-!"1$-&$#!3"*!,*'"-$.!#"!",$+0!("%#'%$+(&!(:"N$+.'"0/,'"-'"?$+"(+"1','1/2
1')'"-!"1#/(/("*+"-!("0!,.$!#*/!(3")')+,&'"+,"+-"?$+"-'("!#&/(&!("*!9!,"0$+-&!(3"*+
,$+0'3"!-#+*+*'#"*+-"0!14'M"1')'"-'"/,*/1!"N!1!,"+,"+-"D+)/,!#/'"('9#+"-!"R&/1!W3
&'*'"!#&+"(+"1!#!1&+#/7!"%'#"$,")'*'"*+"'#.!,/7!1/2,"!-#+*+*'#"*+"$,"0!14':"F!#!
N/%'0+&(X/3"-!"1#/(/("*+"-!("0!,.$!#*/!("Y/,(&/&$5+"$,"!#&+"-/9+#!*'"*+-"%!(!*'3"+("$,!
E/.$#!"*+"-!"&+,*+,1/!"!"-!"*+)'1#!&/7!1/2,"*+"-!"1$-&$#!3"!$,?$+"(+"%#+(+,&!"1')'
$,"E+,2)+,'"+-/&/(&!"(+%!#!*'"*+"-!(")!(!(:";6+)%-'"(',"-'("1$!*#'("*+"Z!,*/,(X/3
+,"*',*+"(+"9$(1!"-!"/,0+#(/2,"+,&#+"+-"'96+&'"5"+-"1$!*#'3"5"*',*+"-!"!(%/#!1/2,"+(
-!"1')%'(/1/2,"%$#![\:"<"%!#&/#"*+"Q]Q^3"+-"1$!*#'")/()'"!%$,&!9!"!"*+()',&!#"-!
#+%#+(+,&!1/2,3"1')'"-'"8/7'"T!-+0/&18"+,"+-"3/('$('0#)%4$0#105$%#60)'0#5"()-0M
(+"&#!&!9!"*+"%/,&!#"(/,"#+E+#+,1/!"!"!-._,"'96+&'"*+-")$,*':";,"+-")/()'"!H'3"1',
-!" !%!#/1/2," *+-" $%('&78('%# (+" ($%+#!" -!" /)!.+," 1')'" ('%'#&+" *+-" '96+&'" %!#!
%#+(+,&!#"!-"'96+&'"+,"($")!&+#/!-/*!*3"1')'"'1$##/2"1$!,*'"+-"'#/,!-"*+"L$18!)%(
+,&#2"!-")$(+':
F!(!#"*+"-!"#+%#+(+,&!1/2,"!"-!"%#+(+,&!1/2,"*+-"'96+&'"5"($("#+(&'("#+(%',*+
!"$,"1!)9/'"*+"*/(1$#('`"+-"*/(1$#('"*+-"!)'"1->(/1'"8$)!,/(&!"?$+"(+"!%'52"%'(=
&+#/'#)+,&+"+,"+-"%#'5+1&'"*+"-!"A-$(&#!1/2,"5"+,"-'("/*+!-+("*+"$,!")'*+#,/*!*
&#/$,E!,&+"#+1/1-!*!"%'#"-'("!0!,1+("*+"-!"1/+,1/!"(+"1!+"5"!%!#+1+"+,"-!"+(1+,!"-!
1/+,1/!"!-/!*!"1',"+-"1!%/&!-"*+-")+#1!*'"5"*+-"1',($)'3"1')'",$+0'"!)':"N!(
+K%'(/1/',+("(+"--+,!,"*+"'96+&'("1'&/*/!,'("?$+"5!",'"(',"-!("9'&+--!("*+"T'#!,*/
(/,'"-!("-!&!("*+"a!#8'-:

0!-12*,%'!-!#3%*+(,+-%./%$+0(123&4%56+(7+(1/(8"9#4/./19"+:%IJ>6@3
'?%,?K6:3%/ABF3%DE9.%/CC.

M(''*,%'(I&)*N,O(3%*/(+$/(7+1(;/#<'3%PJ>7?:8QJ3%!QJ9>JRJ3%/ABF3
DE9.%BS.

% ' ( %

% -

* 3

) & ( 4 "

( %

* 5

& % ! (

* 6

" 7 .

8 * 9 : * /

, ; , < =

: * > ? ? 9 @

01A

! " # $% # '&"(")*%+,-) # !"$ # DEF"*D


% #$% # %++,-) #'"&GD&HI*,+% #+DHD #&"(*D
;,"-!"!11/2,"%+#E'#)>&/1!3"+-"'96+&'"(+"1',($)+"-/&+#!-)+,&+3"(+"'9-/&+#!"5"+-"!#&/(&!
%',+"($"1$+#%'"1')'"'96+&'"+,"+-"'#/E/1/'"?$+"*+6!"+-"'96+&'"+0!%'#!*':"A,1-$('"-!
!11/2,")/()!"?$+"+-"!#&/(&!"#+!-/7!"1',"($"1$+#%'"(+"0$+-0+"%#'1+('"!#&4(&/1'3"+("*+1/#3
-'("#+(&'("*+"-!"!11/2,"#++)%-!7!,"-!"%#+(+,&!1/2,"*+-"'96+&':";("+-"E/,"*+-")$(+'3"+!#&+"(!-+"!-"+(%!1/'"%_9-/1'"1',"+-"2%$60$8()-%3"+,&#+"'&#!(")'*!-/*!*+(:
;,"+-"2%$60$8()-%3"-!"!11/2,"*+-"1$+#%'"1')'"#+(&'"E$.!7"*+"-!"'9#!"%#'%',+"!!#&/(&!"1')'"$,"+,$,1/!*'"(/,"+,$,1/!1/2,`"+-"1$+#%'"($(&/&$5+"!-"($6+&'"5"-!"!11/2,
E$.!7"%+#E'#)>&/1!"/,&+,&!"+(1#/9/#"-!",$+0!",'1/2,"*+-"&/+)%'"*+"-!"+#!"*+"-!"&+1,'=
1/+,1/!"5"*+"-!(",$+0!("&+1,'-'.4!("*+"-!"/,E'#)!1/2,:"V'("+,1',&#!)'("+,"+-"&/+)%'
0+#&/./,'('"*+"-!"%'()'*+#,/*!*3"%$,&$!-"5"+0!,+(1+,&+"!"-!"0+73"+,"+-"?$+"+-"!#&/(&!
?$/+#+"8!1+#"+0/*+,&+"-!"%R#*/*!"*+"-!"/)!.+,:
F+#'"+-"!#&/(&!",'"(+"?$+*!"!--4M"!8'#!"+-"('%'#&+")!&+#/!-"(+#>"($"%#'%/'"1$+#%'3
($"%/+-:"N!"/)!.+,"?$+"8!(&!"!8'#!"8!14!"*+"-4)/&+"+,&#+"+-"'#.!,/()'"b-'"0/0/+,&+c"5"+)$,*'3"(+"'#!*!3"(+"1'#&!:"C#-!,3"$,!"!#&/(&!"?$+"8!"+,&#+.!*'"($"1$+#%'"!"%#'1+*/=
)/+,&'("?$/#_#./1'("?$+"(+"#+./(&#!,"+,"0/*+'3"+("$,"+6+)%-'"1-!#'"*+"+(&!"&+,*+,1/!:
YV'"+("-!"%/+-"*+"-!"&+-!3"-!")!&+#/!")/()!"*+"-!"&+-!"('9#+"-!"?$+"(+"8!1+"-!"'9#!
(/,'"?$+"($"%#'%/'"1$+#%'3"($"%/+-3"%!#!"+-"!#&/(&!3"+("$,"'96+&'"*+-"%#'1+('"!#&4(&/1':
<?$4"0!-+"(/&$!#"!"L/+&+#"P''&8"5"($"&#!9!6'"*+"Q]d]3"+(#2,%"#'%"#8/)'0#&#09$(1#-01(1:";,
+-"!#&+"1',&+)%'#>,+'"+-"1$+#%'"'1$%!"+-"-$.!#"*+-"($6+&'3"/,&+##'.!,*'"%'#"!84"+!($,&'"*+"-!"*/0/(/2,"*+-"($6+&'"%'#"+-"/,1',(1/+,&+:";-"1$+#%'"+("+E4)+#'3"*/(1$#(/0'3
&#!,(%'#&!*'"*+"$,!")!#1!"!"'&#!"1')'"%#'*$1&'"*+"-!"('1/+*!*"*+"1',($)'3"*+"$,!
8$+--!"!"-!"'&#!3")$+(&#!"-'("%+*!7'("?$+"8!"*+6!*'"+,"($"#+1'##/*'3"($("#+(&'(M"%+#'
+(&'" ,'" -+" 9!(&!3" -'(" !#&/(&!(" +)%$6!," -!" */('-$1/2," *+" -!" /)!.+," )>(" -+6'(3" *+9+,
)'(&#!#" )>(3" ,'" /#" )>(" !-->3" (/,'" /#" )>(" !1>3" )>(" !*+,&#'3" )>(" !1>" *+" -!" %/+-`" -!(
(+1#+1/',+("*+-"1$+#%'3"-!"(!,.#+3"+-"(+)+,3"-'(")'1'(3"-!("8+1+(3"-'("%+-'(3"-!("$H!(3
-'"#+%$.,!,&+3"(+#>,"+-+0!*'("!"-!"1!&+.'#4!"*+"'96+&'"*+"%#+(+,&!1/2,"*+"+(+"($6+&'
1!*!"0+7")>("+0!,+(1+,&+3")>("+(1$##/*/7'[e:"L+"+(&'"%'*+)'("/,E+#/#"?$+"-'("#+(/=
*$'("*+-"1$+#%'",'"*+%+,*+,"5!"*+"-!"',*!"*+-"'96+&'"%$-(/',!-"?$+"*!#4!"-$.!#"!"$,!
/,(1#/%1/2,"+,"+-"-$.!#"*+-"C&#'"*+-"-+,.$!6+3"(/,'"?$+")$+(&#!,"!-"(+#"0/0/+,&+3"!-"(+#
9/'-2./1'"*+"-!"+#!"*+"-!"9/'&+1,'-'.4!"*+-"(/.-'"@@A"+,"($")!&+#/!-/*!*"5"!"0+1+("*+(%+=
--+6!*'3"1')'"#+(/*$'"($+-&'"*+"-!"1!*+,!"(/)92-/1!:

!'P*+N&%-!P!''*+&3%"8<?>Q6<J<%U?R?Q6QJ%V%D@678JQE:6@6@3%*/
8+$='$-/.#%/3%R?<68%RJ9Q4=6783%PJ>7?:8QJ3%/AASWHGG/.

011

+ D)F"*J&%
;-"!#&+"1',&+)%'#>,+'3"/,E+#/)'(3")$+(&#!"&!,&'"+-"'#/E/1/'"*+-"*/(1$#('"1')'"+-"1!)=
9/'"*+-"/)!./,!#/'3"*$#!,&+"-!"+#!"*+-"*/(1$#('"*+"-!"1/+,1/!`"+-",$+0'"!)'")'*+#,':
5

) + ! - < ) (

( %

* +

# % " + # ) '

* B

! . ) " ) '

F#'%',*#R"$,!"1',6+&$#!"%!#!"*!#"1$+,&!"*+"12)'"'1$##/2"+(+"*+(,$*!)/+,&'
*+-"'96+&'3"?$+"%!(!"%'#"-!"(/.$/+,&+"(+#/+`"&#!(%!(!#"-!"%!,&!--!"*+-"E!,&!()!"P3"+,
+-"+(?$+)!"P"*+"N!1!,3")'(&#!#"+-"'96+&'"5"!%$,&!#"!"&'1!#"-!("+,&#!H!("#+!-+("*+
-'("#+(/*$'("*+-")/()'3"8!(&!"($"*+(!%!#/1/2,3"($"%$-0+#/7!1/2,3"*!,*'"%!('"!"/,&#'=
*$1/#"+-"1$+#%'"!--43"%!#!"*+(%+--+6!#-'3"/#"!"-!")!&+#/!")/()!"*+-"0/0/+,&+"+"/,&#'*$=
1/#3"%'#"E$+#!"*+"-!"/)!.+,"+(%+1$-!#3"*+")'*'")'+9/!,'3"+-"+,0R("*+-"'96+&'"+,"($
!(%+1&'"/,0/(/9-+:
fg$R"8!"%!(!*'"+,"+(+"#+1'##/*'h";-")!&+)!",:(;"*+-"1$!-"(+"('(&/+,+"+-"1$+#%'
/)!./,!#/'"+,.!18!*'3"+,"-!"(/.,/E/1!1/2,"E>-/1!3"!"$,"#+E+#+,&+3"(+"8!"*/(-'1!*'3"-!
/)!.+,","(+"8!"(+%!#!*'"*+-"'96+&'"(<
<(4"1')'"+,"+-"P+,!1/)/+,&'"-'("!*+-!,&'("*+"-!"#!72,")'*+#,!"5"1/+,&4E/1!"(+
!,&/1/%!,3""(+"8!1+,"%#+(+,&+("+,"-!"'9#!"*+-"!#&/(&!"b1')'"+("+0/*+,&+"+,"+-"&#!9!6'"*+!#?$/&+1&'"J#$,+-+(18/^3"?$/+,"(+"(/#0+"+,"($("'9#!("*+-"1+#'"!,&+("*+"?$+"+)%+7!#!"!
&+,+#"$,"$('")!&+)>&/1'c3"+-"!#&/(&!"1',&+)%'#>,+'"+(&>"!&#!0+(!*'"'"%!*+1+"*+"$,
(!9+#"('9#+"+-",$+0'"'96+&'3"%#'*$1&'"*+"-'("*+(1$9#/)/+,&'("*+"-!"E4(/1!")'*+#,!
('9#+"-!")!&+#/!:
D!9+)'(" ?$+" -!" 1/+,1/!" *+-" (/.-'" @@" 8!" ('1!0!*'" -!" )+&!E4(/1!" 1!#&+(/!,!=
,+i&',/!,!3"!%!#+1+,"-!"&+'#4!"*+"-!"#+-!&/0/*!*3"+-"%#/,1/%/'"*+"/,*+&+#)/,!1/2,"*+
U+/((+,9+#."5"-!"E4(/1!"1$>,&/1!3"?$+",'("&#!+"-!",'&/1/!"*+"-'("?$!#&73"%!#&41$-!("+-+)+,=
&!-+(3"5"%-!,&+!"+-"%#'9-+)!"*+"(/"-!")!&+#/!"+("-$7"'"%!#&41$-!3"&#!,(E'#)!,*'"%'#"-'
&!,&'"+-"%#'9-+)!"*+-"'96+&'"+,"&!,&'"('%'#&!*'"%'#"-!"/)!.+,"*+"-!")!&+#/!:";(")>(3"!&+)!"*+"-'("?$!#&7"(+"!.#+.!"+-"*+"-!"+K/(&+,1/!"*+"!,&/%!#&41$-!("?$+"E'#)!,"Yj:::k"-!
!,&/)!&+#/!"*+(1$9/+#&!"+,"Q]Wl:"N!"+K/(&+,1/!"*+"!,&/%!#&41$-!("E$+"%#+0/(&!")!&+)>&/=
1!)+,&+"%'#"+-"E4(/1'"/,.-R("F!$-"L/#!1"*+(%$R("*+"-!"%#/)+#!".$+##!")$,*/!-:";-"!,&/%#'=
&2,"/)!./,!*'"%'#"L/#!1"5"-!("+,+#.4!(",+1+(!#/!("%!#!"%#'*$1/#-'",'"+(&$0/+#',"*/(%',/9-+(
8!(&!"Q]^^:"G$!,*'"-!")!&+#/!"5"!,&/)!&+#/!"(+"+,1$+,&#!,"(+"!$&'*+(&#$5+,"-/9+#!,*'
+,+#.4![d:"<"+(&'3"+,&#+"'&#!("1'(!(3"(+"#+E/+#+"N!1!,"+,"+(#=%$-%$(`"Yj:::k"+-")$,*'"+(
/,)$,*'"5"+(&>"+,"*+(1')%'(/1/2,[m:

$ % #!"(K%&&%!J&% #!"$ #,H%K,)%&,D


;,"+-"1$#('"*+"-!"%#+(+,&!1/2,"!"-!"!11/2,3"+-"'96+&'"*+"!#&+"+("!E+1&!*'"%'#"-'("%!('(
?$+"*!"-!"1/+,1/!"5"5!",'"(+"('(&/+,+"*+"$,"#+E+#+,&+")!&+#/!-3",M#-!"/)!.+,"(+"*/(-'1!"*+
(>#+-"'96+&'3"-'"1$!-"/)%-/1!"?$+"8!5`

7/.@+$+6"+3%,J6Q=%!RJQ<W"8Q=>8Q<3%0.-%'J==?@3%HGGH.
F

!"*DEFGHIE*JIK*IDELGK

#"!

"6>J>%J:%>?@D?7=8%-X!+'*,%,*(Y*3%>+$'0(*/(?%'@$/84%+(726.+(%73+
(,!P*''*% $*,(NW+(-!+$3% A%"&'$%/( 7+( 1/( =<"%#/3% "J<>6<3% !7?Q=83
HGGH3%DE9.%/LT.

#"$IDELGK*JIK*DEFGHIE

0!-12*,%'!-!#3%*/(B+$#+$/3%PK?Q8@%!6>?@3%"JQJQ=6J:3%/AAL3%DE9.
/GH.

% ' ( %

% -

* 3

) & ( 4 "

( %

* 5

& % ! (

* 6

" 7 .

8 * 9 : * /

, ; , < =

: * > ? ? 9 @

01C

;-")!&+)!",:(;"*+"N!1!,3"+(1#/&$#!"*+"-!"/)!.+,"+(%+1$-!#3"*+-"1$+#%'"/)!./=
,!#/'"('(&+,/*'"%'#"-!"(/.,/E/1!1/2,"E>-/1!3"(+"8!"*/(-'1!*':";-"!#&/(&!"?$+"8!1+"$,
2%$60$8()-%"%#+(&!"($"1$+#%'"%!#!"8!1+#"*+"+(!"*/(-'1!1/2,"$,!"'9#!"+E4)+#!:
;,"+(!"(+%!#!1/2,"*+","*+":(c3"E#!1&$#!"*+"-'"/)!./,!#/'"%!#!"!(%/#!#"!"&#!(%!=
(!#"+-"'#/E/1/'"*+"-!"#+%#+(+,&!1/2,"5"!0+,&$#!"*+-"($6+&'"!#&/(&!"?$+"&#!9!6!"!-#+*+*'#
*+-"0!14'"*+"-!"#+%#+(+,&!1/2,"*+"-!"1'(!3"1',(/*+#'"?$+"(+"!-'6!"+-"%#'9-+)!"*+'96+&'" +," -!" 1',&+)%'#!,+/*!*" ?$+3" 1')'" 0+#+)'(" )>(" !*+-!,&+3" (+._," B:
a!61)!,3"1',(/(&+"+,"-!"!$(+,1/!"*+-"'96+&'"+,"+-"(/.-'"@@3"?$+"E!(1/,!"5"+)%$6!"!($6+&'"1',&+)%'#>,+'"!"!%#'K/)!#(+"!-"0R#&/.'"*+-"+,1$+,&#'"1',"-'"#+!-:
N!"!,&/,')/!"*+"-!"#!72,"%'()'*+#,!3"?$+"($(&+,&!"-!"&!,"*/(1$&/*!"1!4*!"*+
-'(")+&!##+-!&'(3"+("-!"*+"%!-%!#"-!"*/E+#+,1/!"+,&#+"#+!-/*!*"5"#+!-:"N!"&!#+!"%'()'*+#,!
*+")'(&#!#"+,"-!"'9#!"*+"!#&+"-!"*/E+#+,1/!"+,&#+"#+!-/*!*"5"#+!-"/)%-/1!3"+,"(4")/()!3
$,"'96+&'"?$+"(+"(+%!#!"*+-"('%'#&+"*+"-'"/)!./,!#/'"+(%+1$-!#3"*+"-!"(+)+6!,7!3"5
%'#"-'"&!,&'"1')%'#&!"$,!"*+(.!##!*$#!"*+"-'"/)!./,!#/'"('(&+,/*!"%'#"-'"(/)92-/1':
fV'"8!9#4!"?$+"(/&$!#"+,"-!"*/(-'1!1/2,"*+",#*+#(#+-"1!)%'"*+-".'1+3"('9#+"+?$+"N!1!,3"+,"+-"?%8,)($,0#@ABB#n#*/1+",'"8!9+#"&+,/*'"&/+)%'"%!#!"/,0+(&/.!#3"%+#'"?$+
?$/7>("-'("!#&/(&!("1',&+)%'#>,+'("5!"0+,4!,"!,&/1/%!,*'"+,"($"%#'1+('"*+"1#+!1/2,h
;-"1$+#%'"*+6!"($"+(&!&$&'"/)!./,!#/'"*+"#+%#+(+,&!1/2,"5"%!(!"%'#"-!"%#+(+,=
&!1/2,"%!#!"-$+.'"--+.!#"!"9'#*+!#"-'("#+(&'(3"-!("+K1#+1+,1/!("1')'"#+(/*$'3"-'("*+(=
8+18'("*+"-!"1!*+,!"(/)92-/1!:";-"!#&/(&!"1',&+)%'#>,+'",'("*!"1$+,&!"%$+("*+1!)9/'"*+-"+(&!&$&'"*+-"'96+&'"5"*+"-!"%#+(+,1/!"*+"$,",$+0'"'96+&'"+,"-!"+#!"*+&+#=
)/,!*!"%'#"+-",$+0'"*/(1$#('"*+-"!)'`"-!"&+1,'=1/+,1/!"!-/!*!"1',"+-")+#1!*':";(
)>(3"(!9+)'("?$+"+(!"*/(-'1!1/2,"*+"-!"/)!.+,"*+-"'96+&'"('%'#&!*!"%'#"+-"(/.,/E/1!,&+
*!#>"-$.!#"!"-!"/)!.+,"*/./&!-3"!"-!"/)!.+,"E!9#/1!*!"+,"+-"-!9'#!&'#/'"%'#"E$+#!"*+"($
)!&#/7"(/)92-/1!3"%$,&'"*+"%!#&/*!"*+-"",$+0'"!#&+"*/./&!-"*+-")')+,&'"!1&$!-:

0!-12*,%'!-!#3%*+(,+-%./%$+(CDEE0(12+.;+$"(7+(1/(8"9#4/./19"+:

F+,(!,*'"*+(*+"-!"1-4,/1!3"5",'"*+(*+"+-"'96+&'"+,"+-"!#&+3"$,!"%!1/+,&+"!#&/(&!
!E+1&!*!" %'#" +(+" ,$+0'" (!9+#" *+-" '96+&'3" 8!9-!3" +," +,&#+0/(&!(" %#+-/)/,!#+(3" *+" -!
*+(.!##!*$#!"*+"-'"/)!./,!#/':"D+"&#!&!"*+"$,!"!#&/(&!3"E/-2('E!"*+"E'#)!1/2,"5"%/',+#!
b+,"$,!"$,/0+#(/*!*3",'"*+",$+(&#!"1/$*!*c"+,"-!"+,(+H!,7!"*+"-!"%#'*$11/2,"*+"-!
/)!.+,",$)R#/1!"'"*/./&!-3"?$+"8!94!"*+*/1!*'"($"0/*!"!"-'"?$+"+--!"*+,')/,!"+-"(!9+#
('9#+"-'"E$.!7"+,"-!"%#'*$11/2,"*+"-!"/)!.+,"+,"+-"-!9'#!&'#/':"G$!,*'"-+"/,E'#)!,"?$+
5!",'"(+#>")>("*'1+,&+"*+"-!"$,/0+#(/*!*3"+,"*',*+"-+".!#!,&/7!9!,"$,"-$.!#"%!#!
1',(!.#!#(+"!"-!"%#'*$11/2,"*+"-'"E$.!7"*+"-!"/)!.+,",$)R#/1!3"5"*',*+"%'*4!"&#!,()/=
&/#"+(+"(!9+#"!"'&#'("5"&+6+#"$,"-!7'"('1/!-"1',"-'("+(&$*/!,&+(3"(+"*+(+,1!*+,!"%!#!"+--!
$,!"1!&>(&#'E+"($96+&/0!"&#!,(/&'#/!`"+)%/+7!"!"%+#*+#"($("9'#*+("1'#%'#!-+("5"+-!9'#!
%'+)!(" +," *',*+" 8!9-!" *+" -!" (')9#!" *+-" '96+&'" 9!6'" -!" E/.$#!" *+-" 1!*>0+#" *+" $,

IJ>6@3%'?%,?K6:3%/AA/3%DE9.%AL.

0C?

' + ! % - )

( %

* %

' < ! ( # , '

% "

* M

' # + , ) " = - # ' # '

* +

! - < ! & )

('9#+0/0/+,&+`"YD'5"$,"1!*>0+#"!6+,'3"$,"('9#+0/0/+,&+3")+"/,0!*+"!-.'"?$+")+"*+(*/9$6!
5")+"*$+-+[:
;,"+,&#+0/(&!("%#+-/)/,!#+("*+(1#/94!"12)'"(+"+(E'#7!9!"%'#"('(&+,+#"-!"1',6$,=
1/2,"*+",#1',"("!-"%#'*$1/#"-!"/)!.+,"*/./&!-"+,"+-"/,(&!,&+"*+"-'"E$.!7:";("*+1/#"+--!"(!94!
o(!9+#"*+"-!"*/0/(/2,"($96+&/0!o"*+"-!"%'(/9-+"*/(-'1!1/2,"*+","*+"(3"(/,"(+#"1',(1/+,&+"*+
?$+"!--4"%',4!"($"1$+#%'"%'#"$,"(!-!#/':";-"#+-!&'"?$+"8!1+"*+"($"&#!9!6'"+,"-!"%#'*$11/2,
*+"-!"/)!.+,"*/./&!-",'"+("'&#!"1'(!"?$+"+-"+(?$+)!"*+-"E-'#+#'"/,0+#&/*'"*+"N!1!,3"+,
*',*+"+--!".'7!9!"!&#!%!,*'"!-.'"*+"-'"%+#*/*'"*+"-!"/)!.+,"+(%+1$-!#"+,"-!"/)!.+,
0/#&$!-M" +(&!" %!1/+,&+3" !,'&'3" ,'" 8!" -+4*'" !" N!1!,:" L+14!" ?$+" +#!" +-" /,(&!,&+" *+" -!
/,0+,1/2,"+E4)+#!"*+"-!"/)!.+,3"+(+"&/+)%'"*/(1',&/,$'3"E#!.)+,&!#/'"5"1$>,&/1'3"+?$+"-+"*!9!"E'#)!:"p,!"0+7"+("*+(!-'6!*!"*+-"#+E+#+,&+"(/)92-/1'"*+-"*/(%'(/&/0'"$,/=
0+#(/&!#/'3"?$+"-+"!(+.$#!9!"$,"0!-'#"*+"1!)9/'"5"$,"(!-!#/'"%'#"($".'1+=(!9+#3"+,&#!"+,
$,"+(&!*'")')+,&>,+'"*+")+-!,1'-4!3"(/+,&+"?$+"(+"*+(*/9$6!3"+)%/+7!"!"%+#*+#
-4)/&+("5"(+"%#+(+,&!"1')'"('9#+0/0/+,&+3"1')'"%'#&!*'#!"*+"$,"1!*>0+#"!6+,':
D+"&#!&!"*+"$,!"$#.+,1/!"*+-"($6+&'"*+"+(&#$1&$#!"8/(&R#/1!"%'()'*+#,'3"+-"1$!,'"%#+(+,&!"$,"(4,&')!"?$+"1',&+,.!"$,")+,(!6+"%!#!"*+(1/E#!#`"(+._,"*/1+3"0/+,+"!
1',0+#(!#"1',)/.'"%'#?$+"-!"+,0/2"$,!"!)/.!"?$+"5!",'"-!"?$/+#+"+(1$18!#"8!9-!#")>(
*+-"('9#+0/0/+,&+:"L+14!"!-.'"(/)/-!#"!"O!--*'(+#!3"-!"!#&/(&!"1!&!-!,!"#+1','1/*!"+,"+)+*/'"/,&+#,!1/',!-"*+-"!#&+"%'#"($"&#!9!6'"+,"2%$60$8()-%`"Y;,"+-"/,(&!,&+"+,"?$+")+
!,$,1/!#'," ?$+" 5!" ,'" (+#4!" )>(" *'1+,&+" *+" %-!,&!" *+" -!" p,/0+#(/*!*3" +)%+1R" !
*+(*/9$6!#)+3"!"%+#*+#")/("9'#*+("5"1',(&#$4"$,!"E/11/2,`"?$+")+"*+6!#!,"+,"-!"$,/0+#=
(/*!*"(/,"(!-!#/'"%!.!,*'"5'")/()!"+-"!-?$/-+#"%!#!"&+,+#"$,"(/&/'"*',*+"1',&/,$!#[3
*',*+"%'*+#"&#!)/&!#"($".'1+"!"&#!0R("*+-"*/(1$#(':";$-!-/!"O!--*'(+#!"8!9-!"*+"12)'"+!#&/(&!"+("$,"*+('1$%!*'"'1$%!*'"+,"&#!9!6!#"1',"-'("#+(&'("*+-"'96+&'"5"1',"+-"1$+#%'
1')'"#+(/*$'"*+"-!"!11/2,"5"%'#"+--'",'"#+1/9+"(!-!#/':";,"($)!3"+(&!("!#&/(&!("8!9-!,"*+%#'9-+)!"*+"12)'"&#!)/&!#"+-".'1+"1$!,*'"+-"*/(1$#('"1!+"+,"-!"+#!"*+"-!"&+1,'-'.4!3
%'#"-!"/##$%1/2,"*+-"'96+&'"+,"($"E!7"*+"#+(&'"1/E#!3"!-"1$!-"+--!("*+1/*+,"%',+#-+"1$+#%'
%!#!"1#+!#!
p,!"0+7"*!*!"+(!"*/(-'1!1/2,"*+-"'96+&'"*+"($"('%'#&+")!&+#/!-3"*+-"(/.,/E/1!,&+3
%'*+)'("*+1/#"?$+",'("+,1',&#!)'("5!",'"+,"+-"1!)%'"*+"-!("E'#)!1/',+("*+-"/,1',(=
1/+,&+"5"*+"-!"($9-/)!1/2,"E#+$*/!,!"1->(/1!"#+E+#/*!"!-"%#'1+('"!#&4(&/1'"b&#!9!6'"1',"-!
%$-(/2,"?$+"+,1$+,&#!"($"'96+&'"*/#+1&'"*+"(!&/(E!11/2,"+,"-!"'9#!"!#&4(&/1!"(/,"%!(!#"%'#
+-")+1!,/()'"*+"-!"#+%#+(/2,c3"(/,'"?$+"(+"&#!&!"*+"$,"($6+&'"!9'1!*'"!"-!"!$(+,1/!"*+'96+&'"5"!-"1!)%'"*+-".'1+"!1')%!H!*'"*+-"8'##'#3"%$+("(+"&#!&!#>3"+,"($"'9#!(3"*+.'1+"*+"!1+#1!#(+"!-"!9/()'"*+"-'"#+!-"+,"-!("E/($#!("*+"-!")!&+#/!"(/,"/)!.+,"'"*+"-!
/)!.+,"(/,")!&+#/!"5"*+"-!"*/('-$1/2,"*+-"'96+&'"+,"-!"'9#!:

% ' ( %

% -

* 3

) & ( 4 "

( %

* 5

& % ! (

* 6

" 7 .

8 * 9 : * /

, ; , < =

: * > ? ? 9 @

0C0

L/18'"+,"'&#!("%!-!9#!(3"(+._,"+(&+"&#!5+1&'3"+-"!#&+"1',&+)%'#>,+'3"*+6!,*'
+,"+-"%!(!*'"-!"/)!.+,"*+-")$,*'"5"($"#+E-+K/2,3"%!(!"!-"!1&'"*+"8!1+#"0+#"5"&#!,(E'#=
)!#",$+(&#!")/#!*!:";(&+"!#&+"/)%'#&!"!-"%(/1'!,>-/(/(3"%$+("+("$,!"'E+#&!"%!#!"-++#"+,"-!
%#>1&/1!"-!"*/(1',&/,$/*!*"?$+"8!5"+,&#+"+-"'96+&'"!,&/.$'"5"+-"'96+&'"1',&+)%'#>,+':

! "$ # L,"FD # %$ # )J"LD # DEF"*D


;K%#+(!*'"*+"'&#'")'*'3"(+"&#!&!"*+-"%!('"*+"$,"'96+&'"+,")>("+,"-!"#+%#+(+,&!1/2,3
*+"-!("8$+--!("5"-!")+)'#/!"*+-"C&#'3"1',(/.,!*!("+,"-'(")$(+'(3"!"$,"'96+&'"+,")+,'(
*+"-!"%'()'*+#,/*!*3"(/,".!#!,&4!"*+")+)'#/!"5"(/,")$(+'3"?$+"(+"%#+(+,&!"+,"++(%!1/'"%_9-/1':";-"'96+&'"+,")+,'("b,$+0'"'96+&'c"(+"#+E/+#+"!"-!"1!4*!"*+"-'("*/(1$#('(
!%'5!*'("+,"+-"#+E+#+,&+"*+-"C&#'"5"!"$,"!#&+"%'#"E$+#!"*+"-!"(/.,/E/1!1/2,3"?$+"($%+#!
-!"!,!-'.4!"5"?$+"5!",'"(+"/,&+##'.!"1',"-!"%#+.$,&!"f?$R"(/.,/E/1!"-!"'9#!h3"(/,'"1',"-!
%#+.$,&!"f?$R"0+'h3"?$+"!9'#*!"+-"&+)!"*+"-!"/,0/(/9/-/*!*"*+-"'96+&'"!#&4(&/1'"5"?$+
+#/.+"-!"'9#!"1',"$,!"E$,1/2,",$+0!"+,"#+-!1/2,"!"-!")+)'#/!`",'"(+"&#!&!"*+"-!"!#?$+'=
-'.4!"*+"-!("8$+--!("*+-"'96+&'"(/,'"*+-"9'##!)/+,&'"5"*+"-!"E'#1-$(/2,"*+"-!"8$+--!M"(+
1',0/*!"!")'(&#!#"-'"?$+",'"(+"#+1$+#*!3"-'"?$+"(+"/,&+,&!"'9-/&+#!#"*+"-!")+)'#/!:
;(&!("'9#!("/,0/(/9-+("&/+,+,"%'#"E$,1/2,"+K8/9/#"-'"?$+"-!"&+,*+,1/!"*+-",$+0'"5"*/E$('
p,'"G',&+)%'#>,+'",'"?$/+#+"0+#"5"?$/+#+"9'##!#:
q'18+,"B+#73",'("1$+,&!"a!16)!,"+,"($"-/9#'"!"#05C%90#'%"#1,4"03"+("$,"!#&/(&!
!-+)>,"?$+",'"*/9$6!3",'"%/,&!3",'"+(1$-%+"5"%!(!"($"&/+)%'"+,"+-"&!--+#"8!9-!,*'"%'#
&+-RE','3"+(1#/9/+,*'"1!#&!(3"1',+1&>,*'(+"!"/,&+#,+&3"+,0/!,*'"E!K+("5"'&#!("1'(!("%'#
+-"+(&/-':";(&+"!#&/(&!"8!1+")',$)+,&'("?$+",'"'E#+1+,",!*!"%!#!"0+#:"N+!)'("-!"*+(=
1#/%1/2,"*+"$,'"*+"+--'(`
YD0)/8%)90#-0)9$(#%"#6(1-,180#+-+0!*'"+,"$,!"1'-$),!"!*(1#/%&!"!"U!)9$#.'3
+-" .#!," %$+#&'" *+" <-+)!,/!" )$5" *!H!*'" +," -!" $-&/)!" .$+##!3" (+" %#+(+,&!9!" !-" (+#
/,!$.$#!*'"+,"Q]nd3"9!6'"-!"E'#)!"*+"$,!"1'-$),!"*+"$,!"!-&$#!"*+"QW")+&#'("b!-&$#!
)+*/!"*+"-'("+*/E/1/'("*+"-!"1/$*!*c"1',"$,!"(+11/2,"*+"Qll"1)"*+"-!*'"5"#+1$9/+#&'"+,
&'*!("($("1!#!("%'#"$,!"%-!1!"*+"%-')'"0/#.+,:"p,!("rA,(&#$11/',+("*+"$('s"#+*!1&!*!(
+,"'18'"/*/')!("5"E/6!*!("('9#+"$,!"%!#+*"%#2K/)!3"/,0/&!9!,"!"-'("-$.!#+H'("!"+(&!)%!#
($"E/#)!"('9#+"+-")',$)+,&'".#!9>,*'-!"+,"+-"%-')'3"!"1$5'"+E+1&'"(+"8!94!,"%$+(&'
+(&/-+&+("!"($"*/(%'(/1/2,"b!-.$,'("%'#"-!",'18+"*+6!#',"($"8$+--!"*/#+1&!)+,&+"!"&/#'(
*+"E$(/-c:"<*+)>(3"-!"1'-$),!"+(&!9!"%#+%!#!*!"%!#!"8$,*/#(+".#!*$!-)+,&+"+,"+-"($+=
-'3"!"#!72,"*+"Wll"1)"%'#"!H':"L+")'*'"?$+"+,",'0/+)9#+"*+"Q]]\3"'"(+!"Ql"!H'(
)>("&!#*+3"-!"1'-$),!"(+"+,1',&#!9!"&'&!-)+,&+"9!6'"+-"($+-'3"+(&!9!"*+(!%!#+1/*!"5"($
1/)!"18!&!"(2-'"!E-'#!9!"!-",/0+-"*+"-!"1!--+3"$,!"+(%+1/+"*+"-'(!3"1')'"$,!"->%/*!:
L+(*+"+,&',1+("+("-'"?$+"(+"0+"*+"+--!:"B+#7"*/6'"?$+"+(&!"'9#!"8!94!"1!)9/!*'"!(4"*+
/*+,&/*!*"j:::k:"<"-!"/,0/(/9/-/*!*"*+"-!"'9#!"1'##+(%',*+"--+0!#"!"-'("-$.!#+H'("!",!##!#3"!
0C>

&

% $ # ' < )

( %

* M

' # + , ) " = - # ' # '

1',&!#"!"($("!)/.'("5"+K&#!,6+#'("+-"8$,*/)/+,&'"*+"-!"'9#!3"+,"($)!3"!"-!"*+(!%!#/=
1/2,"0/(/9-+"*+-")',$)+,&'"#+(%',*+#>"-!"&#!,(E'#)!1/2,"/,(+,(/9-+"*+"-'("+(%+1&!=
*'#+("+,")+)'#/!"*+-")',$)+,&'[]:"q:"B+#73"#+!-/7!")',$)+,&'("*',*+"(+"&#!&!"*+
-!"/,0/(/9/-/*!*"*+-"'96+&'3"*+"$,"&#!9!6'"?$+")$+(&#!"-!"&+,*+,1/!"*+"-!"('1/+*!*
1',&+)%'#>,+!"!"-!"E'#1-$(/2,"*+"-!"8$+--!:"N!"/,0/(/9/-/*!*"(+#4!3"(+._,"a!61)!,3
Yj:::k"+-"&R#)/,'"!9('-$&'"*+-"*/0'#1/'"1',"-!")4)+(/(3"+-"1'-)'"*+"-!",'"(+)+6!,7!3
-!"1$-)/,!1/2,"*+"-!"*+(.!##!*$#!"/)!./,!#/![Ql":
BR#!#*"a!61)!,"%-!,&+!"+,"($"-/9#'"!"#05C%90#'%"#1,4"03"?$+",'"+("/,_&/-"%#+.$,=
&!#(+"(/"*+(%$R("*+"-!("1>)!#!("*+".!("*+"-'("1!)%'("*+"1',1+,&#!1/2,"+-"'96+&'",'
1!)9/2"5"%#'*$6'"$,!"!1+-+#!1/2,"*+"-!"*+E-!1/2,"*+"-'"/)!./,!#/'3"$,!"E#!1&$#!"!1+-+=
#!*!"*+"-!"(+)+6!,7!3"/,&#'*$1/+,*'"%-+,!)+,&+"$,!"E#!1&$#!"1',"+-"1',1+%&'"*+"/*+,=
&/*!*3"!E+1&!,*'"-!"/)!.+,"*+-"1$+#%'"5"&'*!("-!("/)>.+,+(3"+,"&!,&'"?$+"+-"'96+&'
!-1!,7!#>"+-"1/8/)"*+"($"*/('-$1/2,"!-"#+*$1/#"+-"($6+&'"!-"'96+&'",!*!3"(+#"9/'-2./1'3
%$#!")!&+#/!"#+1/1-!9-+"?$+"(+"1',0/+#&+"+,"+-"8$)'"?$+"(!-+"%'#"-!("18/)+,+!("*+"-!(
1>)!#!("*+".!(:
N+6'("*+"#+1-!)!#(+"*+-"-!*'"*+-"E/,"*+-"!#&+3"a!61)!,"!,'&!"?$+"+-"!#&+"#+!%!=
#+1+3"%'#"+-"1',&#!#/'3"+,"($",+1+(/*!*"!9('-$&!`"1')'"!?$+--'"?$+"(+H!-!"-'"/)%'(/9-+3
-'"#+!-:
<(4"%$+(3"(+._,"a!61)!,"-'(")',$)+,&'("/,0/(/9-+("*+"B+#7"(',"-!"%'(/&/0/7!1/2,
*+"$,!"E!-&!"*+"'96+&'"*$#!,&+"+-"(/.-'"@@3"?$+"+("($"'96+&'M"+--'("(',"-!"1'(!")/()!3"+8'##'#"?$+",'"(+"?$/+#+"0+#"+,"-!"('1/+*!*"!1&$!-"*+-"+(%+1&>1$-':";('(")',$)+,&'(
,'("(!1!,"*+"-!"(+)+6!,7!"+(%+1$-!#"5",'("#++,04!,"!"-!"!$(+,1/!3"!"-'"E'#1-$5+,&+3
%#'.#!)!"*+"-!"('-$1/2,"E/,!-`"-!"1E0(3"'96+&'"*+-"(/.-':"N!"+(+,1/!"*+-"%-!,",!7/"+#!
0'-0+#(+"R-")/()'3"5"%'#"-'"&!,&'"0'-0+#"!"-'("6$*4'("&'&!-)+,&+"/,0/(/9-+(:";(+,1/!"?$+3
%'*#4!)'("*+1/#3"(+"0$+-0+"$,!"&+,*+,1/!"*+"-!",$+0!"-2./1!"*+-"1!%/&!-/()'"!0!,7!*'3
1',"($"E/.$#!".-'9!-/7!,&+3"%!#!"-!"1$!-"-!("%'9-!1/',+("?$+",'"-'.#!,"($"1$'&!"*+"+,&#!=
*!"+,"+-")+#1!*'")$,*/!-"(+"&#!&!,"1')'"#+(&'("5"(+"1'-'1!,"+,"%!?$+&+("%#'%+,('("!
-!"*+(!%!#/1/2,"5"!-"!,/?$/-!)/+,&':
<"%#'%2(/&'"*+"-'"!,&+#/'#"!.#+.!"a!61)!,`"YL/.!)'("?$+"+(+"'96+&'"(/,"/)!=
.+,"?$+"+-"!#&+"!%$,&!#4!"!")'(&#!#3"5'"!E/#)'"?$+"N!1!,"8!9#4!"(/*'"+-"%#/)+#'"+,
r*+)'(&#!#-'s"1',(&#$5+,*'"($"-2./1!3"+,"($"*/(1$#('3"+-"%(/1'!,!-4&/1'3"*',*+"#+1/9/#>
+-",')9#+"*+"$,!"-+&#!3"(3"'96+&'"(>"+-"'96+&'")>("?$+"E#+$*/!,'3"b+-"(+,'3"-!")/+#*!c
%#'%/!)+,&+"%+#&$#9!*'#3"?$+"*!#4!"#!72,"*+"-!"1',)'1/2,"*+"+(&+"(/.-'"!(4"1')'"*+
1!*!" ($6+&':" ;-" 1'#!72," *+-" (/.-'" +," +-" 1'#!72," *+-" ($6+&'3" +('" E$+#!" *+" -!" /)!.+,:
C96+&'"1!4*'"*+-"#+!-"*+-"(/.-'"('9#+"+-"*/0>,"*+-"%(/1'!,>-/(/(3"'96+&'"?$+"&!)9/R,"-'
1!)9/!:"N'"?$+"#+(%',*+#4!"!"$,!"/,&+##'.!1/2,"/,.+,$!"%+#'"/,+0/&!9-+`"f-!("1>)!#!(
*+".!(",'"8!9#4!,"1!)9/!*'",!*!"+,"+-"/,1',(1/+,&+h"L+"+(+"'96+&'"(3"5'"8!.'#%+,*+#

% ' ( %

% -

* 3

) & ( 4 "

( %

* 5

& % ! (

* 6

" 7 .

8 * 9 : * /

, ; , < =

: * > ? ? 9 @

MZ+!+$%[!-0"!#3%!1('?F+&'(7+1("%@1'3%PK?Q8@%!6>?@3%!R8>>8>=K
*<6=8>?@3%HGG/3%DE9.%/BL.

/G

E?%7.3%DE9.%/BF.

0C9

-!"<$(+,1/!"o*+-"'96+&'o"*+-"(/.-'"@@"5"-'("*+(!##'--'("*+-"'96+&'"+,"+-"!#&+:"fL$18!)%(
5"T!-+0/&18"1')'"!#&/(&!("-!1!,/!,'(h"L/.!)'(3"!")/"6$/1/'3"?$+"($"'9#!",'"1!52"+,
-'("'4*'("*+"$,"1/+.':"D+"$,/#4!,"!"+('("!#&/(&!(3"*+"?$/+,+("%$*'"*+1/#"N!1!,3"?$+"+,
($"!#&+3"%#+1+*/+#',"!-"%(/1'!,>-/(/(:"D'(&+,.'"%$+(3"%#/)+#'3"?$+"-'("!#&/(&!(")'*+#=
,'("%#+1+*+,"!-"'96+&'"(#*+"N!1!,"5"(+.$,*'3"?$+"+-"'96+&'"("+(")'*+#,'[QQ:";("+,$+0'"'96+&'"-'"?$+")+"8+"%#'%$+(&'"1'-'1!#"*+",$+0'"!"-!"-$73"!"%!#&/#"*+-"'96+&'"+,
+-"!#&+"1',&+)%'#>,+':

<= JM # $"++,-) # '%&% # "$ # '(,+D%)I$,(,( # !"(!" # "$ # )J"LD # DEF"*D C


U!1+#"'9#!"*+"-'"/##+%#+(+,&!9-+"*+-"(/.-'3"*+"-'"/,0/(/9-+"+,"&!,&'"'96+&'3",'("#+)/&+3
(+._,"+-",$*'"9'##')+'3"!-"'96+&'"("5"+,"-!"/,&+#(+11/2,"+,&#+"-'"#+!-"5"-'"/)!./,!#/'3"!B'1+"C&#'"5"!"-!"1/+,1/!:";-"&#!9!6'"*+-"!#&/(&!"1',&+)%'#>,+'3"!-"8!1+#"'9#!"0/($!-"*+'96+&'"!$(+,&+3"(/,"/)!.+,3"%'#"E$+#!"*+-"#+./(&#'"*+"-!"/*+,&/*!*"+(%+1$-!#"5"9'#*+!,=
*'"+-"!.$6+#'"*+"-'"#+!-"+"/,,')9#!9-+3",'("#+)/&+"!-"&+)!"*+"-!",'"/*+,&/*!*"*+($6+&':";(&+"!#&+3"%-!,&+'3"+("$,!"-+11/2,"5"$,"*+(!E4'"%!#!"1!)9/!#"-!"0/+6!")!,+#!"*+
0+#"5"%+,(!#"+-"'96+&':
fG2)'"%+,(!#"+,&',1+(3"!"%!#&/#"*+-",$+0'"'96+&'3"-!"/*+,&/*!*"&!,&'"*+-"($6+&'
/,*/0/*$!-"1')'"*+-"1'-+1&/0'"+,"-!"1',&+)%'#!,+/*!*3"('9#+"-!"1$!-"5!"+("$,"-$.!#
1')_,3"+,",$+(&#'"1',&+K&'3"*+1/#"?$+"%-!,&+!3"1')'"1!$(!"*+",$+(&#'(")!-+(3"$,!
)!-!"+,&#!*!"+,",$+(&#!"/*+,&/*!*"*+9/*'"+-"+(&/-'"*+-"1'-',/7!*'#"?$+"!##!(2"1',"+('%'#&+"!,1+(&#!-"*+",$+(&#!"/*+,&/*!*",!1/',!-"%#/)+#!"5"%#/)!#/!h
;-"!#&+"1',&+)%'#>,+'3"!-"8!1+#"'9#!"*+"-!"*+(+)+6!,7!"&'&!-3"*+"-!",'"/*+,&/=
*!*"5"!-"1+#,/#"-'"#+!-"*+"-'"(/)92-/1'3"1'-'1!,*'"+,&#+"%!#R,&+(/("+-"/)!./,!#/'3"%',+"!
-!"-$7"+-"%#'9-+)!"*+"12)'"%'*#4!"+K/(&/#3"%'#"E$+#!"*+-"%#'9-+)!"*+"-!"/*+,&/*!*"1')'
9/+,3"$,"(!9+#")'*+#,'"*+"-!"E/-/!1/2,"*!*!"%'#"+-"'%+#!*'#"*+"-!"1!(&#!1/2,"5"-!"E!-&!"*+
'96+&'"/*+,&/E/1!&'#/'3"5"!##'6!"$,!"%'(/9/-/*!*"*+"1',1!&+,!1/2,"*+"%#'*$11/2,"*+"-'
(/)92-/1'"+,"E$,1/2,"*+"-'"#+!-3"+,"1',&#!(&+"1',"$,!"%#+8/(&'#/!"*+"-!"E/-/!1/2,3"($(&+,=
&!*!"+,"-!"1#++,1/!"*+"-!"+K/(&+,1/!"*+"$,"9$+,"(/)92-/1'"+,"+-"'#/.+,"?$+"E$+"*!H!*'
%'#"+-"1'-',/7!*'#"*!,*'"-$.!#"!"-!"9_(?$+*!"*+";-"L'#!*'3"+-"0/+6'"'96+&'3"1',"#+-!1/2,
!"$,"B#!,"C&#'"!#1!/1'"!,1+(&#!-3"?$+"%'#"-'"*+)>("/,(&/&$5+"+-"!-&!#"*+-"B#!,"C&#'
<#1!/1'"*+"-!"*+)!,*!"*+"(!1#/E/1/'"+,"-$.!#"*+-"'%+#!*'#"*+-",$+0'"'96+&'"5"-!"1!(&#!=
1/2,"?$+"/,&#'*$1+"-!"E!-&!"E$,*!)+,&!-:

//

V'"'-0/*+)'("?$+"+-"C&#'"<#1!/1'"/,!(/9-+"5"-!"/*+,&/*!*"%#/)!#/!3"(',",'1/',+(
1$5'"%/0'&+3"+,"%(/1'!,>-/(/(3"+("-!"#+%#+(/2,"E$,*!)+,&!-"5"+,"&'#,'"*+"-!("1$!-+("./#!,
-!" %$-(/2," *+" )$+#&+3" -!" 1!(&#!1/2," 5" +-" .'1+" C&#':" ;-" !#&/(&!" 1',&+)%'#>,+'" +(" $,
*+%'(/&!#/'"*+"-!"E!-&!"/*+,&/E/1!&'#/!3"?$+"1$!,*'"8!1+"!#&+"1',(+1$+,&+")'(&#>,*','(
E?%7.3%DE9.%HHC.

0CO

" # $ % & ' # ( ) (

* "

) + # , " ) -

( %

* +

, - , . / # )

!?$+--'"?$+",'("+("E!)/-/!#)+,&+"'&#'3"$,"'96+&'")>("!-->"*+"-'"E>-/1'3"%'#"E$+#!"*+"-!
/*+,&/*!*3"&#!9!6!"*+(*+"+(+"B'1+"C&#':
N!"'9#!"*+"!#&+"?$+"&'1!"-'("9'#*+("*+"-!"*+(+)+6!,7!"5"*+"-!"/,0/(/9/-/*!*"*+,$+0'"'96+&'3",'("$9/1!"+,"$,!"YE!-&!"%!#!"0+#["+"/,&#'*$1+"%'#"&!,&'"$,!"YE!-&!"+,"(+#[3
5"&!-"0+7"$,!",$+0!")!,+#!"*+"%-!,&+!#(+"-!"1!$(!1/2,"*+-"($6+&'"+,"($"*/0/(/2,"%'#"+(/.,/E/1!,&+"5"-!"*/0/(/2,"($96+&/0!"%'#"E$+#!"*+-"0/+6'"'96+&'"5"*+"-!"1',E/!,7!"+,"+-"C&#'
D/)92-/1'"<,1+(&#!-:
;(")>(3"(/.$/+,*'"+-"8/-'"*+"-'"!,&+("%-!,&+!*'3"+-"!#&+"1',&+)%'#>,+'"+("$,!
-+11/2,"%!#!"+-"%(/1'!,>-/(/(3"+,"&!,&'"($"!%#'K/)!1/2,"!"-'"#+!-"*+"-'"(/)92-/1'3"%',/+,=
*'"+,&#+"%!#R,&+(/("+-"/)!./,!#/'"5"(/#0/R,*'(+"*+"-'("#+(&'("*+"-!"-+&#!"%!#!"1+#,/#"$,
#+!-3"+("$,"&#!9!6'"!"E!0'#"*+"-!",'"&+'-'./7!1/2,"*+"-'"(/)92-/1'3"*+"-!",'"+,&/E/1!1/2,
*+"-'"(/)92-/1'"1')'"'#*+,"($%#+)'3"*')/,/'"*+"-!"!,&#'%'-'.4!"?$+"9$(1!"-!")/()/*!*
5"-!"/*+,&/*!*"*+-"'96+&'"5",'"*+-"%(/1'!,>-/(/(3"?$+"!%$,&!"+,"-!"1$#!3"%'#"+-"&#!9!6'"*+
!-/+,!1/2,=(+%!#!1/2,3"!"-!"%#'*$11/2,"5"1!4*!"*+-"'96+&'"04!"+-"*$+-'"*+-"E!-'"5"-!
(/.,/E/1!1/2,3"5",'("!9#+"-!"1')%$+#&!"8!1/!"+-"!($,&'"*+-",$+0'"(+,&/*'"*+"-'"#+!-"+,"-!
1',&+)%'#!,+/*!*3"+,"&!,&'"-'"#+!-"+(&>"'#/+,&!*':
L/18'"*+"'&#'")'*'3"-!"1!4*!"*+"-'("*/(1$#('("+,"-!"1',&+)%'#!,+/*!*3"?$+"0!
*+"-!")!,'"*+"$,!"1#/(/("*+"-!"(/.,/E/1!1/2,3"--!)!"!-"%(/1'!,>-/(/("!"*!#"(+,&/*':"D/"9/+,
+("1/+#&'"?$+"-!"+K&+,(/2,"*+-"%(/1'!,>-/(/("/)%-/1!"(!-/#-+"!-"%!('"!"-'("1!)9/'("*+"-!
1/0/-/7!1/2,3"%/+,('"?$+"-!"9$+,!")!,+#!"*+"8!1+#-'"+(",'"#+(%',*+#"*+(*+"+-"1!)%'
*+"-'("$,/0+#(!-+("?$+"1#++,"+,"-!"%#'&+(&!"/*+,&/&!#/!3"(/,'"#+(%',*+#"*+(*+"+-"1!)%'
*+-"($6+&'3"%!#!"-'"1$!-"+("+(+,1/!-",'"%+#*+#"-!"9#_6$-!"*+-"(+,&/*'"*+"-'"#+!-3"+,"1!*!
$,!"*+"($("(/,.$-!#/*!*+(:";("*+1/#3",'"8!5"?$+"1',E$,*/#"+-"(+,&/*'"1')_,"*+"-!(
%#'%$+(&!("1$-&$#!-+("*+"-!("1/+,1/!("8$)!,!("1',"+-"(+,&/*'"*+"-'"#+!-"5"($"'#/+,&!1/2,3
1!)%'"*+-"%(/1'!,>-/(/(:";(!",'"1',E$(/2,"%+,*+"*+"-!"*/E+#+,1/!"+,&#+"+-"0/+6'"5"+,$+0'"'96+&'`"+-"'96+&'"(<
P+1'#*+)'("?$+"!-"E/,!-"*+"-!"+,(+H!,7!"*+"N!1!,3"-'"(/)92-/1'3"+,"+-",$*'
9'##')+'3"&/+,+"-!")/()!"0!-+,1/!"?$+"-'("'&#'("*'("#+./(&#'(3"+-"*+"-'"#+!-"5"+-"*+"-'
/)!./,!#/'3"9!6'"-!",'1/2,"*+"'#/+,&!1/2,:";(")>(3",'"8!5"?$+"%+#*+#"*+"0/(&!"?$+`"Y;,
N!1!,",'"8$9'",$,1!"&+'-'./7!1/2,"*+"-'"(/)92-/1'3"+-"%#/,1/%/'"*+"-!"1$#!3"-!"*/.,/*!*
*+-"%(/1'!,>-/(/(3",'"+("+-"*+"1',&+,+#"-'"#+!-"%'#"-'"(/)92-/1'3",'"+("+-"*+"($&$#!#"-'"#+!1',"-'"(/)92-/1'3"+("/,0+,&!#3"1#+!#"*+"-'"(/)92-/1'"1',"-'"#+!-"5"%'#"-'"#+!-[QW:";,"+(&+
(+,&/*'3"-'("!#&/(&!("1',(+1$+,&+(3"1')'"q:"B+#(3"(',"$,!"-+11/2,"%!#!"+-"%(/1'!,>-/(/(:
<8'#!"9/+,3"5'")+"%#+.$,&'"!"?$R"'9+*+1+"+(+"+?$/0'1'"?$+"&/+,*+"!"!1'.+#
!-"%/+"*+"-!"-+&#!"$,!"*+)!,*!"*+"/*+,&/*!*3"$,!"9_(?$+*!",'(&>-./1!"5"!"0+1+(")+-!,=
12-/1!"*+-"'96+&'"/*+,&/E/1!&'#/'",!1/',!-3"%#+(+,&+"+,"$,!"&+,*+,1/!"/,&+-+1&$!-"!1&$!-"5
+,"-!"9!(+"*+-"#+&'#,'"*+"-'("E$,*!)+,&!-/()'(:
(

% ' ( %

% -

* 3

) & ( 4 "

( %

* 5

& % ! (

* 6

" 7 .

8 * 9 : * /

, ; , < =

: * > ? ? 9 @

/H

,&'!'%+!)(#&)(N-X3%\'?@%<4R?Q=6@%<K%>4?:]3%?Q%G/4%+$"(7+(*+#&6$+"
H$+67%+..+"3%IJ>6@3%'V@6RJ^K?3%/AA/3%DE9.%/AL.

0CP

Q5HGRS* TURJT* GV* SRGVT* QKTHDEVW:* VE* EXGUFEXIYK* XTKJGLRISE* UTH* GVEZTHEXIYK* SG* RKE
U[HSISE:*E*VE*DGVEKXTV\E*QUEFTVYLIXEW*GK*VE*]RG*GV*JR^GFT*UGHJIJFG*GK*JR*ISGKFI_IXEXIYK
KEHXIJIJFE* XTK* GV* TZ^GFT* UGHSIST8* 5HGKFG* E* 5HGRS* `Ea* ]RG* E_IHDEH:* URGJ:* VE* UHIDEX\E
XTKXGUFREV*a*[FIXE*SG*VE*DGVEKXTV\Eb*GK*GV*UHTXGJT*SG*U[HSISE*`Ea*JIGDUHG*RK*HGJFT*]RG
KT*URGSG*JGH*IKFGLHEST*DGSIEKFG*GV*FHEZE^T*SG*SRGVT*a*VE*_ISGVISES*_RKSEDGKFEV*GJ
EKFG*GV*HGJFT8*%V*SRGVT*GJ*RKE*JRGHFG*SG*FHEIXIYK:*GV*QDEFEH*UTH*JGLRKSE*cGdW*EV*TZ^GFT
eUGHSISTf:*DIGKFHEJ*]RG*GV*JR^GFT*DGVEKXYVIXT*DEKFIGKG*VE*_ISGVISES*EV*TZ^GFT*UGHSIST:
KGLgKSTJG*E*HGKRKXIEH*E*JR*RKIYK*XTK*[V*eTZ^GFTfW098
vv

D-!0'6"t/7+X3"!$&'#"*+"-!"1/&!"!,&+#/'#3"1',(/*+#!"?$+"-!"8/(&'#/!"'E#+1+")$18!(
0+#(/',+(" *+" -'" !,&+#/'#M" *+(*+" -!" 8')'(+K$!-" ?$+" (+" )!,&/+,+" E/+-" !" -!" /*+,&/*!*
%+#*/*!u#+%#/)/*!"1',"+-"'96+&'"-/9/*/,!-"*+-")/()'"(+K'3"8!(&!"-!"1',*/1/2,"%'(1'-',/!-3
+,"-!"?$+"-'(".#$%'("R&,/1'(3"8!9/+,*'"+,&#!*'"!"-!")'*+#,/7!1/2,"1!%/&!-/(&!3"(+"+,=
1$+,&#!," !,&+" -!" !)+,!7!" *+" ?$+" ($" -+.!*'" +(%+14E/1'" (+!" *+0'#!*'" %'#" -!" ,$+0!
vv
1$-&$#!".-'9!-"5",'"*+9+,"#+,$,1/!#"!"($"&#!*/1/2,"5"8!1+#"+-"*$+-'"*+"+--!3"(/,'"1',(+#=
0!#"-!"0/,1$-!1/2,")+-!,12-/1!"1',"+--!:"t/7+X",'("!%'#&!"$,"+-+)+,&'"*+"#+(%$+(&!"!,'&!#"?$+`
F+(# 6("9(# )0# %1# "0# 8,180# G/%# "(# 2H$','(I" +-" +##'#" )+-!,12-/1'" ,'" +(" +-" *+
-/)/&!#(+"!"!E/#)!#"?$+"!-.'"(+"#+(/(&+"!"-!"($%+#!1/2,"(/)92-/1!3"(/,'3")!("9/+,3"+-"*+
$9/1!#" +(&!" #+(/(&+,1/!" +," $," '96+&'" %'(/&/0!)+,&+"+K/(&+,&+3" !$,?$+" %+#*/*':" ;,
&R#)/,'("X!,&/!,'(3"+-")+-!,12-/1'"+("1$-%!9-+"*+"/,1$##/#"+,"!-.'"!(4"1')'"$,"%!#!=
-'./()'"-2./1'"*!*'"%'#"-!"%$#!"1!%!1/*!*"*+"*+(+!#"?$+"#+(/*+"+,"-!"1',E$(/2,"*+"-!
2H$','(#&#"(#6("9(I#+,"-!")+*/*!"+,"?$+"+-"'96+&'"1!$(!"*+-"*+(+'"E!-&!"'#/./,!#/!)+,=
&+3"*+"$,!")!,+#!"1',(&/&$&/0!3"-!")+-!,1'-4!"/,&+#%#+&!"+(!"E!-&!"1')'"$,!"%R#*/*!3
1')'"(/"+-"'96+&'"?$+"E!-&!"8$9/+#!"(/*'"%'(+4*'3"5"*+(%$R("%+#*/*'[Qe:"N'"1$!-"*!
-$.!#"!"$,"(+,&/)/+,&'"*+"/,(1#/%1/2,"+,"-'"(/)92-/1'"!"&#!0R("*+"$,"*!H'"/##+%!#!9-+3
%#+(+,&+"+,"+-"*+-/#/'")+-!,12-/1':
N!")+-!,1'-4!3"1')'"%'(/1/2,"R&/1!3"+,"-'"?$+"&'1!"!-"&#!&!)/+,&'"*+-"0/+6'
'96+&'"5"('9#+"+-"1$!-"#+%'(!"-!"1'(!",!1/',!-3"+("$,"*!&'"!"&+,+#"+,"1$+,&!"E#+,&+"!"-'
%'-4&/1!)+,&+"1'##+1&'3"+,"&!,&'"R(&+"!9#/.!"+-"1/,/()'"'96+&/0'"*+-",$+0'")+&!##+-!&'
*+"-!"1$-&$#!".-'9!-3"-!"1$!-"1',0/+#&+"+,"0/+6'"'96+&'"!"*+0'#!#"+-"-+.!*'"+(%+14E/1'"*+
-!("1$-&$#!("-'1!-+(:"N!"%#+.$,&!"+("12)'"0!"!84"+-"%(/1'!,>-/(/("1',"+-",$+0'"'96+&'3
+(&!,*'"!*0+#&/*'("*+"-!"*/E+#+,1/!"+,&#+"-!"%R#*/*!"5"-!"E!-&!:
``

/L

,'!)&0%_(_*O3%IJ6%3.(7%F'(&'&/1%&/$%"-'K3%)J:?Q76J3%I>?=?5=8@3%HGGH3
DE9.%/FF.

/T

E?%7.3%DE9.%/FS.

0C2

) + ! - < ) (

( %

* +

# % " + # ) '

* B

! . ) " ) '

" " " q'18+," B+#73" U!#9$#." )',$)+,&" !.!/,(&" E!(1/()3" Q]nd

% ' ( %

% -

* 3

) & ( 4 "

( %

* 5

& % ! (

* 6

" 7 .

8 * 9 : * /

, ; , < =

: * > ? ? 9 @

0CA

S-ar putea să vă placă și