СТОРОЖЕВАЯ БАШНЯ (ВЫПУСК ДЛЯ ИЗУЧЕНИЯ) АВГУСТ 2016

34567�� 6>5:

��&� ˙�) �˛��˚�)� 6: �˚��)) �� 67 � �)) 6>5: ��˙�

The Watchtower (ISSN 0043-1087) Issue 12 August 2016 is published monthly with anadditional issue published in January, March, May, July, September, and November.� 2016 Watch Tower Bible and Tract Society of Pennsylvania. Printed in Germany.�SjSb1 �,S/1b1WqY �1-\,mB�˚��&B �1WS-S\4Z\1 \+l1/SZ1ZS1 �,S/1b1W1y �1-\,m , �1a]d+WSV1 �1W*`danE66>>7>E SZaVE *Nq =C ��)B �,S/1b1WqY �1-\,mE *Nq 5<6E �*ZVbO�1b1`+d`-E 5=>>>>C�� B ;=8=5E �n,T,O�`pf\,ShTE *Na =99D� Druck und Verlag: Wachtturm Bibel- und Traktat-Gesellschaft, Selters/Ts., V. i. S. d. P.Manfred Steffensdorfer, Selters/Ts.

�˙˚�˝��˚��

7 �� )�*V q ]\ZqWE hb\ +\Wnj11 ah*abn1 P/*,*bn

��

< 6: �˚��)) P 6 � �))

�\h1Yd �1-\,* \aZ\,*W +`*VH

57 7P= � �))

�*V \+`1abS ah*abn1 , f`SabS*ZaV\Y+`*V1H

� ]1`,\y ab*bn1 \+ad3/*1baqE V*V ]\q,SWaq +`*VEV*VS1 ]\W\31ZSq �\Sa11,* 4*V\Z* 4*b`*-S,*WS+`*V S V*V\1 b`1+\,*ZS1 , \bZ\j1ZSS f`SabS*ZOaV\-\ +`*V* dab*Z\,SW �Sada �`Sab\aD �\ ,b\`\yab*bn1 `1hn ]\y/1b \ b\YE V*VS1 `\WS , �S+WSS\b,1/1Zm Yd3d S 31Z1D

��

5< �kSb1 b\E hb\ g1ZZ11 4\W\b*

��

6> 5>P5: � �))

a\4Z* �1b1 WS ,mE V*V ,*3Z\ `*abS/df\,Z\H

69 5;P67 � �))

a\4Z* �1b1 WS ,mE V*V ,*3Z\ \+dh*bn/`d-SfH

�m `*/d1YaqE ,S/qE V*V /1W\ ]`\]\,1/S \ �*`Oab,1 /,S31baq ,]1`1/D /Z*V\ \a\4Z* �1Y WS YmEhb\ ]1`1/ Z*YS \bV`m,*pbaq ,\4Y\3Z\abS d,1WSOhSbn a,\1 dh*abS1 , aWd31ZSS �\-dH �*V Ym a*YSY\31Y /\abS-*bn /df\,Zmf g1W1yE * b*V31 ]\Y\O-*bn /df\,Z\ `*abS b1YE a V1Y S4dh*1Y �S+WSpH�\h1Yd b*V ,*3Z\ \+dh*bn /`d-SfH b,1bm Z* obSa1`n14Zm1 ,\]`\am ,m Z*y/1b1 , obSf ab*bnqfD

��

7> ��% ��˚�˚•

��

75 �˛ �"��

34567 August 6>5:Vol. 137, No. 12 RUSSIAN

�� ˝ ˚B

�˚ ��)�`\]\,1/\,*bn , db`1ZZS1 h*am Z* Z*+1`13Z\y˙dZ*q P \/Z\ d/\,\Wnab,S1I 'bS `*/\abZm1 a1ab`m/1Wqbaq +W*-\y ,1abnp a 31ZkSZ\y Z* ]W\k*/S�S-*/\ , �d/*]1jb1 L�1Z-`SqM

�˛�˚#��˚��

66 9<6��˚�%

5 =<>�˛��˚�) ��

56 5:7

�1a]W*bZ\D 'b\ S4/*ZS1 Ph*abn ,a1YS`Z\y +S+W1yOaV\y ]`\a,1bSb1WnZ\y /1qOb1WnZ\abSE V\b\`*q ]`\,\O/Sbaq f`SabS*ZaVSYS �,SO/1b1WqYS �1-\,m S ]\//1`O3S,*1baq /\+`\,\WnZmYS]\31`b,\,*ZSqYSD

˚aWS ,m f\bSb1 a/1W*bn]\31`b,\,*ZS1E ]\a1bSb1a*ybwww.jw.org/ru.

˚aWS Z1 dV*4*Z\ SZ*h1E+S+W1yaVS1 gSb*bm,4qbm S4 w�,qk1ZZ\-\�Sa*ZSq P �1`1,\/*Z\,\-\ YS`*xD

�`1/ZSy bS`*3 V*3/\-\,m]daV*B 59 696 >>>

��˙� YZ1 +mW\ 56 W1bE q ,]1`,m1 \a\4Z*WE hb\Y\-d /1WSbnaq a /`d-SYS h1YOb\ \h1Zn g1ZZmYD�\-/* Z* V\Z-`1aa1 V\ YZ1 ]\/\j1W \/SZ +`*b S]`1/W\3SW ]\ybS a ZSY , aWd31ZS1D ) a\-W*aSWOaqE f\bq /\ ob\-\ ZS `*4d Z1 ]`\]\,1/\,*WD �Z /*WYZ1 Z1aV\WnV\ +`\jp` \ �*`ab,1 �\-*E S Ym \bO]`*,SWSan Z* dh*ab\VD w�m S/S ]\ b\y ab\`\Z1dWSgmE * q ]\y/d ]\ ob\yxEP aV*4*W \ZD d,ab,dq,\WZ1ZS1E q Z*h*W ]`\]\,1/\,*bn ]\ /\Y*YE S,aV\`1 d Y1Zq d31 Z1 \ab*W\an ZS \/Z\y +`\jpO`mD �*V q d,S/1WE hb\ Y\-d /*bn Wp/qY b\E , h1Y\ZS Zd3/*pbaqD) `\/SWaq , 5=67 -\/d , *b1Y1 L-`*eab,\

�1ZbE �Z-WSqMD b\ ,`1Yq YZ\-S1 \kdk*WS -\`nOV\1 `*4\h*`\,*ZS1D �1`,*q YS`\,*q ,\yZ* 4*V\ZOhSW*anE Z\E ,\]`1VS \3S/*ZSqY Wp/1yE YS` Z1ab*W Wdhj1D �\S `\/Sb1WS V b\Yd 31 `*4\h*`\,*OWSan , ]*ab\`*f +*]bSabaV\y g1`V,SE V\b\`mfEV*4*W\anE +\Wnj1 4*+\bSW\ Sf a\+ab,1ZZ\1 ]\OW\31ZS1D �\-/* YZ1 +mW\ \V\W\ /1,qbSE Y*Y*Z*h*W* f\/Sbn Z* ,ab`1hS �aa\gS*gSS �13/dZ*O`\/Zmf aaW1/\,*b1W1y �S+WSSE -/1 Wp/SE V\b\O`m1 ]`SZqWS Z*4,*ZS1 �,S/1b1WS 1-\,mE ]`\,\O/SWS a,\S wV`d3VSxE SWS a\+`*ZSqD �/Z* a1ab`*]`\,\/SW* a Z*YSE /1bnYSE 4*ZqbSqE Sa]\Wn4dq

�S+WSp S VZS-d w�`e* �\3SqxD �Z1 \h1Zn Z`*,SOW\an b\E hb\ q d4Z*,*WD

��& � ��%��%� ��&˚�

�\-/* q +mW ]\/`\abV\YE q a `*/\abnp /1WSWaqa Wp/nYS Z*/13/\y S4 �\3n1-\ �W\,*D �\bq h*ab\q ]`\]\,1/\,*W ]\ /\Y*Y \/SZE q b*V31 dhSWaqEaWd3* a /`d-SYSD � ]`SY1`dE V*VOb\ `*4 Ym a \/OZSY ,4`\aWmY +`*b\Y 1f*WS Z* ,1W\aS]1/*f Z*dh*ab\V /Wq ]`\]\,1/SD �m ]`\1f*WS YSY\ a,qOk1ZZSV*E S q aV*4*WB w\b S/1b V\41WxD �`*b \ab*OZ\,SWaq S ]\]`\aSW Y1Zq ]`Sa1abn a ZSY Z* +`1,OZ1D �Z a]`\aSWB w�b\ /*W b1+1 ]`*,\ `1j*bnE Vb\V\41WH ˙*,*y a\f`*Zqbn `*/\abnE /1Wqan a Wp/nYS+W*-\y ,1abnpE * ad/Sb ]dabn 1-\,*xD b1 -\/m qYZ\-\1 d4Z*W \ b\YE hb\ 4Z*h*b aW\,* w�\Wnj11ah*abn1 P /*,*bnx L�*beD 69B75P77C ˙1qZD 6>B79MD� /`d-\-\ 4`1W\-\ +`*b* q Z*dhSWaq b\YdE hb\E

1aWS Ym f\bSY /*,*bn S +mbn ah*abWS,mYSE ]\`\yZ*Y Zd3Z\ ]`\q,Wqbn b1`]1ZS1 S ab\yV\abnD ˚-\31Z* Z1 Wp+SW* �,S/1b1W1y 1-\,mD �/Z*3/mYm aWd3SWSE S +`*b ]`S-W*aSW Y1Zq V a1+1 ]1`1OVdaSbnD �Z* +mW* , q`\abS S4O4* b\-\E hb\ \Z dj1W]`\]\,1/\,*bnE S Z*h*W* j,m`qbn , Z*a d]*V\,VSa h*1YD �Z Z1 ab*W 11 \bhSbm,*bnE * a]\V\yZ\

��)

�*V q ]\ZqWEhb\ +\Wnj11ah*abn1 P /*,*bn�� ˛��

��&˙ ��

��'��O��

�� 6>5: 7

8 ��˝˚��) ��")

]\W\3SW h*y Z* Y1ab\D �\/m a]dabq b1`]1ZS1 +`*Ob* ,\4Z*-`*/SW\anB 1-\ 31Z* ab*W* �,S/1b1W1Y 1-\,mD�\1 31W*ZS1 /1WSbnaq a /`d-SYS Z*/13/\y

Z* +d/dk11 ab*Z\,SW\an ,a1 aSWnZ11E S , Y*`b15=8> -\/* q a Y*Y\y V`1abSWaq , ˙d,`1D a1ZbqO+`1 5=7= -\/*E V\-/* YZ1 +mW\ 5: W1bE 1WSV\+`SOb*ZSq \+lq,SW* ,\yZd �1`Y*ZSSD SpZ1 5=8> -\O/*E ab\q Z* V`mWng1 Z*j1-\ /\Y*E q Z*+Wp/*W 4*b1YE V*V YSY\ Z* -`d4\,SV*f ]`\143*WS bmaqOhS ]\V*W1h1ZZmf a\W/*bD 'b\ +mWS b1E Vb\ ,mO3SW , a`*31ZSS ]`S ˙pZV1`V1D Sf ]\bdfjSf-W*4*f hSb*W\an \bh*qZS1E S YZ1 b*V 4*f\b1W\an`*aaV*4*bn SY \ �\3n1Y �*àb,1I b\Y 31 -\O/d Z*h*WSan `1-dWq`Zm1 +\Y+*`/S`\,VS 1WSV\O+`Sb*ZSSD �*3/dp Z\hn q ,S/1WE V*V Z*/ Z*YS]`\W1b*WS oaV*/`SWnS Z1Y1gVSf +\Y+*`/S`\,OkSV\,D ,\4/df1 a,Sab1WS +\Y+mE Z\ ab`*jZ11,a1-\ +mW\ aWmj*bnE V*V \ZS ,4`m,*pbaq Z* 41YOW1D �b`\YE ,mf\/q Z* dWSgdE Ym ]\,ap/d ,S/1WS`*4`dj1ZZm1 /\Y*D �\-/* q 1k1 \ab`11 \kdbSWEhb\ Y\-d Z*/1qbnaq b\WnV\ Z* �*àb,\ �\-*D

��( ��˚˝˚��( ˝�˛�&

5=85 -\/d Y\q 3S4Zn aSWnZ\ S4Y1ZSW*anE S ab1f ]\` \Z* ]`SZ\aSb YZ1 Z*ab\qk11 ah*abn1D) +mW dh1ZSV\Y ad/\ab`\Sb1Wq Z* �\`\W1,aV\y,1èS , *b1Y1D 'b\ +mW* ]`1abS3Z*qE ,ma\V\O

\]W*hS,*1Y*q `*+\b*D �Wd3Sb1WS 1-\,m /*,OZ\ ]`SjWS V ,m,\/dE hb\ f`SabS*Z1 Z1 /\W3Zm,\1,*bnD � 5=85 -\/d Ym ab*WS ]\ZSY*bnE hb\f`SabS*Z1 Z1 Y\-db `*+\b*bn , ae1`1 \+\`\ZOZ\y ]`\YmjW1ZZ\abS L \*ZD 5<B7:MD � ]\aV\WnVdZ* ,1èS ab`\SWS ]\/,\/Zm1 W\/VSE q `1jSWEhb\ /\W31Z \ab*,Sbn `*+\bd S Z*h*bn ]\WZ\,`1OY1ZZ\1 aWd31ZS1D �1`,\1 Z*4Z*h1ZS1 q ]\WdhSW, �*y`1Za1ab1È 3S,\]SaZmy -\`\/\V , `*y\Z1�\bad\W/aD�\-/* YZ1 Sa]\WZSW\an 5<E 4* \bV*4 \b ,\1ZZ\y

aWd3+m Y1Zq ]\a*/SWS Z* /1,qbn Y1aqg1, , bp`nOYdD �\YZpE q Sa]mb*W 3dbV\1 hd,ab,\E V\-/* 4*YZ\y 4*fW\]ZdW*an /,1`n V*Y1`m S q \ab*Waq ,]\WZ\Y \/SZ\h1ab,1D �\ ,aV\`1 \f`*ZZSVS S /`dO-S1 4*VWph1ZZm1 ab*WS `*aa]`*jS,*bn Y1ZqE V*Vq ap/* ]\]*WE S q a `*/\abnp /1WSWaq a,\SYSd+13/1ZSqYSD�\aW1 Y\1-\ \a,\+\3/1ZSq Y1Zq ]\]`\aSWS

,Y1ab1 a �1Z*`/\Y �YSb\Y� ]`\]\,1/\,*bn , Z*Oj1Y `\/Z\Y -`*eab,1 �1ZbD �*hSZ*q a 5=88 -\/*]\ b1``Sb\`SS �1Zb* +mW\ ,m]dk1Z\ +\W11 bmaqOhS V`mW*bmf `*V1bD�m Z*f\/SWSanY13/d �\Z/\OZ\Y S b\y h*abnp ˚,`\]mE V\b\`dp \VVd]S`\,*WSZ*gSabmE V*V `*4 , b\Y Y1ab1E -/1 ]`\W1b*WS obS

� �S\-`*eSq �1Z*`/* �YSb* Z*]1h*b*Z* , w�b\`\31,\y+*jZ1x \b 59 *]`1Wq 6>56 -\/*D

�`S-W*j*p Wp/1y Z* V\Z-`1aa , Z*h*W1 Y\1-\]S\Z1àV\-\ aWd31ZSq , �`W*Z/SS L,ZS4dM

"fdZ* w�S+S*x +mW* Z*jSY YSaaS\Z1àVSY/\Y\Y a 5=8< ]\ 5=97 -\/ La]`*,*M

�� 6>5: 9

`*V1bmD �ZS Z*,\/SWS Z* Wp/1y d3*aD �\-/* YmaWmj*WSE V*V -W\f Y\b\`EP * ob\ aWdh*W\an \h1Znh*ab\EPYm]\ZSY*WSEhb\ h1`14Z1aV\WnV\ a1VdZ/`*V1b* d]*/1b Z* 41YWpS ,4\`,1baqD b\ ,`1Yq Ym]`\,\/SWS S4dh1ZS1 �S+WSS a a1Yn1y S4 ]qb1`mfh1W\,1VD \ ,`1Yq +\Y+*`/S`\,\V Ym dV`m,*WSan]\/ 31W14ZmY ab\W\YE Z*/1qanE hb\ \Z Z*a 4*kSObSbD ]\aW1/ab,SS ,aq ob* a1Ynq V`1abSW*anD

��˚˙�( ��( �˚��& ˛� ��˚•

�\aW1 ,\yZm q /,* -\/* aWd3SW ]S\Z1`\Y Z*p-1 `W*Z/SSD �m S ]`1/ab*,Sbn a1+1 Z1 Y\-WSEV*V aSWnZ\ `W*Z/Sq \bWSh*1baq \b �Z-WSSD �mf\/SWS ]\ /\Y*Y S -\,\`SWSE hb\ Ym YSaaS\Z1`mS Sk1Y 3SWn1D �*V31 Ym ]`1/W*-*WS 3d`Z*Wm Z*dWSg1D �\ , b*V\y V*b\WSh1aV\y ab`*Z1E V*V `OW*Z/SqE ob\ +mW\ ]`\ab\ -Wd]\I �\-/* \/SZ Yd3OhSZ* ]`S-`\4SW ]\+Sbn Z*aE q ]\3*W\,*Waq ]\WSOg1yaV\Yd S daWmj*W , \b,1bB w� h1-\ 1k1 ,mf\b1WSHx �m S Z1 /\-*/m,*WSanE V*V\y ,W*abnp\+W*/*pb b*Y a,qk1ZZSVSD ˚aWS Vb\Ob\ +`*W d Z*aVZS-SE \ZS 4*ab*,WqWS `*+\b\/*b1Wq d,\WSbn ob\O-\ h1W\,1V*D 4O4* ZSf Z*a b*V31 ,m-Z*WS S4 /\OY*E -/1 Ym 3SWSDaV\`1 Ym ]\ZqWSE V*V /1yab,\,*bn Wdhj1 ,a1O

-\D �ab*Z\,S,jSan Z* Z\,\Y Y1ab1E Ym \b]`*,WqOWSan Z* ,1W\aS]1/*f ]`\]\,1/\,*bn Vd/*OZS+d/n]\/*Wnj1E bd/*E -/1 d ]`Sf\3*Z /`d-\y a,qk1ZO

ZSVD b\WnV\ , ]\aW1/Zpp \h1`1/n Ym /1WSWSan+W*-\y ,1abnp a b1YSE Vb\ 3SW Z1]\/*W1VdD -\O`\/1 �SWV1ZZSE Z1aY\b`q Z* d-`\4m `*4lq`1ZZ\yb\W]mE Ym b`S3/m , Z1/1Wp ]`\,\/SWS S4dh1ZS1a Y\W\/mY Yd3hSZ\yD �Z1 b*V Z`*,SW\an dhSbn/`d-Sf +S+W1yaVSY SabSZ*YE hb\ q `1jSW ]\/*bn4*q,W1ZS1 Z* \+dh1ZS1 , �S+W1yaV\y jV\W1 �b\O`\31,\y �*jZS �*W**/D�\aW1 ]qbS Y1aqg1, \+dh1ZSq , jb*b1 �npO

•\`V Y1Zq S 1k1 b`\Sf ,m]daVZSV\, Z*4Z*hSWSZ* Z1+\WnjS1 \ab`\,* , �*`S+aV\Y Y\`1D Z\qO+`1 5=8< -\/* Ym ]\VSZdWS �npO•\`V Z* +\`bd5<OY1b`\,\y jfdZm w�S+S*xD �1Zq ]1`1]\WZqW,\ab\`-E ,1/n q ZSV\-/* `*Znj1 Z1 ]W*,*W Z* ]*O`daZSV1D Z*j1y h1b,1`V1 +mW \]mbZmy V*]Sb*ZV\`*+WqE �*ab �*VSD �Z \+dh*W Z*a \aZ\,*Y Y\O`1]W*,*ZSqB V*V ]\/ZSY*bn S \]daV*bn ]*`da*E\`S1ZbS`\,*bnaq ]\ V\Y]*ad S S/bS ]`\bS, ,1b`*D�`S/g*bn /Z1y �*ab dY1W\ d]`*,WqW Z*jSY ad/OZ\YD �1`13S, Z1aV\WnV\ \]*aZ1yjSf jb\`Y\,EYm /\]WmWS /\ �*-*YD

w��˛�˚#�•�˚ ˚�� ˚˙�DDD ��x

�1aV\WnV\ Y1aqg1, Ym ]`\]\,1/\,*WS Z* �*O-*YaVSf \ab`\,*fE * 4*b1Y ]\]WmWS V �*,1b`1ZOZmY \ab`\,*YE V\b\`m1 ]`\bqZdWSan ]`SY1`Z\ Z*<>> VSW\Y1b`\, \b S`-SZaVSf \ab`\,\, +WS4 �dOo`b\O�SV\ ]\hbS /\ �`SZS/*/*D �qbn W1b Ym ]`\O]\,1/\,*WS , \aZ\,Z\Y Z* /*W1VSf \ab`\,*fE -/1Z1 +mW\ �,S/1b1W1yD �\`\y Ym ]\ Z1aV\WnVdZ1/1Wn Z1 Y\-WS \b]`*,Sbn S ]\WdhSbn ]\hbdD �\V*V 31 Ym +mWS ah*abWS,m ,\4,1k*bn aW\,\ �\-*Z* \ab`\,*fI L 1`D 75B5>MD�\-/* Ym +`\a*WS qV\`n , V*V\yOZS+d/n +dfb1E

Z*j1 ]\q,W1ZS1 ,m4m,*W\ d Y1abZmf 3Sb1W1y+d`Zmy SZb1`1aD �ZS a+1-*WSan V +1`1-dE hb\+m]\aY\b`1bnE Vb\ V ZSY ]`S+mWD �1V\b\`m1 ZSV\-O/* Z1 ,S/1WS jfdZd SWS +1W\-\ h1W\,1V*D �ab`\O,SbqZ1E /`d31Wp+Zm1 S Z*+\3Zm1 Wp/SE f\`\j\4Z*WS�S+WSpD�ZS h*ab\d-\k*WS Z*a a,131y `mO+\yE *,\V*/\ S *`*fSa\YD �* Z*j1Y ad/Z1 Y1ab*+mW\ Z1YZ\-\E Z\Ym V*VOb\ dfSb`qWSanb*Y a]*bnE-\b\,Sbn S abS`*bn \/13/dD�`Sab*, V +1`1-dE Ym g1Wmy /1Zn `*4-\,*`SO

,*WS a Wp/nYS S ]`S-W*j*WS Sf Z* +S+W1yaOVdp `1hnD �`S Z*abd]W1ZSS ,1h1`* Ym d/*`qWS ,

�\Y*Z/* jfdZm w�S+S*x LaW1,* Z*]`*,\MB�\Z �*`VSZE ˙SV �*y/E *ab �*VS S �boZWS �*`b1`

: ��˝˚��) ��")

ad/\,\y V\W\V\WD �*V ]`SqbZ\ +mW\ ,S/1bn a]1Oj*kSf Z* `1hn \ab`\,SbqZI �]daV*qan a f\WY\,E\ZS /1`3*WS , `dV*f Y*aWqZm1 W*Y]mE V\b\`m1, b1YZ\b1 Z*]\YSZ*WS Y1`g*pkS1 4,14/mD �\O`\y ]`Sf\/SW\ /\ ab* h1W\,1VE S \ZS \ab*,*WSan/\]\4/Z*E 4*/*,*q ,\]`\amD �ZS Wp+SWS ]1bnE]\ob\Yd Ym Z*]1h*b*WS /Wq ZSf aW\,* Z1V\b\`mf]1a1Z �*àb,*D �m ,h1b,1`\YE V*V Y\-WSE Z*hSZ*OWS ]1bnE * ,a1 \ab*WnZm1 ]\/f,*bm,*WS Y1W\/SpES Sf -\W\a* aWS,*WSan , ab`\yZmy f\`D �*V\1 31ob\ +mW\ hd/1aZ\1 ,`1YqI�\aW1 S4dh1ZSq �S+WSS Z1V\b\`m1 \ab`\,SbqO

Z1 jWS a Z*YS Z* aW1/dpk11 S4dh1ZS1E hb\+m ]\OaWdj*bn Z*a 1k1 `*4D �\bq h1`14 Z1aV\WnV\ Z1/1WnZ*Y ]`Sf\/SW\an ]Wmbn /*Wnj1E Ym h*ab\ ]`\aSOWS b1fE Vb\ SZb1`1a\,*Waq SabSZ\y +\Wnj1 /`dO-SfE S4dh*bn a \ab*WnZmYSE ]\V* Ym Z1 ,1`Z1YaqD�mW\ b`\-*b1WnZ\ Z*+Wp/*bnE V*V a1`n14Z\ Z1V\Ob\`m1 ]\/f\/SWS V ob\Yd ]\`dh1ZSpD�1-\/Zq YZ\-S1 S4 obSf \ab`\,\, ]`1,`*bSWSan

, ]\]dWq`Zm1 Vd`\`bmE Z\ , b1 ,`1Y1Z* ob\ +mWSbSfS1E a]\V\yZm1 Y1ab* a +S`p4\,mYS W*-dZ*YSS ]1ah*ZmYS ]Wq3*YSE -/1 `*abdb ]*WnYmD �+mhOZ\ Ym ]WmWS \b \/Z\-\ \ab`\,* /\ /`d-\-\ Z\OhnpD \V`d- Z*j1y jfdZm `14,SWSan /1WneSZmE S+mW\ aWmjZ\E WSjn V*V \Z* `*aa1V*1b ,\WZmD�dZZ*q /\`\3V* Z* `\,Z\y -W*/S Y\`q bqZdW*an/\ a*Y\-\ -\`S4\Zb*D�`\aWd3S, Z* \ab`\,*f ]qbn W1bE Ym ]\]WmWS ,

�do`b\O�SV\E hb\+m ]\Y1Zqbn jfdZd Z* Y\b\ÒZ\1 ad/Z\D �\-/* Ym ]`S]WmWS bd/*E q ,ab`1bSWV`*aS,dp a1ab`dOYSaaS\Z1`Vd ]\ SY1ZS �*VaSZ�\y/ S ,Wp+SWaq , Z11D � a*Y\-\ /1bab,* \Z* `1,OZ\abZ\ ]`\]\,1/\,*W* +W*-dp ,1abnD �*VaSZ aWdO3SW* YSaaS\Z1`\Y ,˙\YSZSV*ZaV\y �1a]d+WSV1E]\V* , 5=9> -\/d ,W*abS ]`S ]\//1`3V1 V*b\WSh1OaV\y g1`V,S Z1 /1]\`bS`\,*WS 11 S4 ab`*ZmD �Z1EV*V hW1Zd V\Y*Z/m V\`*+WqE `*4`1jSWS \ab*bnaq, �do`b\O�SV\ b\WnV\ Z* Y1aqgD aV\`1 YZ1 ]`1/Oab\qW\ ,1`Zdbnaq Z* \ab`\,* 1k1 Z* Z1aV\WnV\W1bD �\ob\Yd q aV*4*W a1+1B w�\Z*Wn/E 1aWS b1+1Zd3Z* ob* /1,djV*E /1yab,\,*bn Zd3Z\ +mab`\Ix1`14 b`S Z1/1WS q a/1W*W 1y ]`1/W\31ZS1E * h1O`14 j1abn Ym ]\31ZSWSanD �*a a �*VaSZ Z*4Z*hSOWS YSaaS\Z1`*YS , �do`b\O�SV\E ]\ob\Yd Z\,\1ad/Z\ q b*V S Z1 Sa]mb*WD

5=9: -\/d Y1Zq Z*4Z*hSWS `*y\ZZmY Z*/4S`*Ob1W1YE S Ym ab*WS ]\a1k*bn a\+`*ZSqD �Z\-S1+`*bnq +mWS +1/ZmE Z\ Z*Y \h1Zn Z`*,SW\an VZSY ]`S143*bnD �\YZpE , /1`1,Z1 �\b*W* �*abSOWn\ Ym ]\4Z*V\YSWSan a /,dYq YZ\-\/1bZmYS a1OYnqYS �,S/1b1W1yE S q h*ab1ZnV\ S-`*W SY Z*eW1yb1D ) a]`\aSW\/Zd/1,hdjVdE Wn/dE f\h1bWS\Z* ]\ybS a Z*YS ]`\]\,1/\,*bnD �Z* \b,1bSW*Bw) +m f\b1W*E Z\ Z1 Y\-dD � Y1Zq Z1b \+d,SxD �mVd]SWS 1y ]*`d bde1WnE S \Z* ]\jW* a Z*YS , aWdO31ZS1D�Z\-\ W1b a]dabqE V\-/* , 5=;6 -\/d Ym +mOWS , +`dVWSZaV\Y 1eSW1E V Z*Y ]\/\jW* a1ab`*EV\b\`*q b\WnV\ hb\ \V\ZhSW* "V\Wd �*W**/D �Z*]\WdhSW* Z*4Z*h1ZS1 , 'V,*/\` S /\W3Z* +mW*,\bO,\b d1f*bnD 'b* a1ab`* aV*4*W*B wm Y1Zq Z1d4Z* �1b1H ) b* Y*W1ZnV*q +\a*q /1,\hV* S4 �*abSOWn\xD 'b\ +mW* Wn/*I �b `*/\abS Ym Z1 Y\-WSa/1`3*bn aW14I 5=:> -\/d Z*a ]`S-W*aSWS aWd3Sbn , ]do`b\O

`SV*ZaV\Y eSWS*W1E V\b\`my b\-/* `*a]\W*-*Waq, Y*W1ZnV\Y /,dfob*3Z\Y /\Y1 , \/Z\Y S4 `*yO\Z\, �*ZO�d*Z*E �*Zbd`g1D �\Z*h*Wd \aZ\,Zdph*abn `*+\bm ,m]\WZqWS q S �1Z*`b ˙3\Za\ZD �ZS 1-\ 31Z* +mWS ]1`,mYS �,S/1b1WqYS 1-\,m ,˙\YSZSV*ZaV\y �1a]d+WSV1E * , 5=9; -\/d \ZS ]1O`11f*WS , �do`b\O�SV\D �]dabq V*V\1Ob\ ,`1Yq�*VaSZ ab*W* 4*ZSY*bnaq ]\/]SaV*YS Z* 3d`Z*OWm P 4* Z1/1Wp \Z* \+`*+*bm,*W* +\W11 bmaqhS]\/]Sa\VD ˚y \h1Zn Z`*,SW*an ob* `*+\b*B \Z* /dOY*W* \+\ ,a1f Wp/qfE V\b\`mY ]\Y\-*W* ]\Wdh*bn/df\,Zdp ]SkdD) Wp+Wp ,1eSWnaV\1 aWd31ZS1E ,1/n b*V q Y\-d

YZ\-\ /*,*bn /`d-SYD �\ b*V*q 3S4Zn Z1 WSj1Z*b`d/Z\ab1yD �*]`SY1È V\-/* , 5=:; -\/d , �doÒb\O�SV\ ]`\f\/SW ]1`,my Y13/dZ*`\/Zmy V\ZO-`1aaE d Y1Zq +mW\ b*V YZ\-\ /1WE hb\ q hd,ab,\O,*W a1+q ]1`1-`d31ZZmYD �do`b\O�SV\ ]`S1f*W�1yb*Z �\`È V\b\`my b\-/* `dV\,\/SW /1qb1WnOZ\abnp �,S/1b1W1y 1-\,mD�Z \jS+\hZ\ 4*VWpOhSWE hb\ q Z1 ]\4*+\bSWaq \ b`*Za]\`b1 /Wq YSaOaS\Z1`\,E V\b\`m1 ]`S1f*WS Z* V\Z-`1aaE f\bq ob\+mW\ Z1 b*VD�Z ab`\-\ \bhSb*W Y1Zq 4* Z1\`-*ZSO4\,*ZZ\abn S aV*4*WE hb\ `*4\h*`\,*Z ,\ YZ1D ) Z1ab*W a ZSY a]\`SbnE Z\ , b\ 31 ,`1Yq aSWnZ\ `*aOab`\SWaq S hd,ab,\,*WE hb\ a\ YZ\y \+\jWSan Z1Oa]`*,1/WS,\D ,a1 31E V\-/* Ym a �*VaSZ aZ\,*

�� 6>5: ;

,ab`1bSWSan a +`*b\Y�\``\YE \Z ]`S-W*aSW Z*a Va1+1 , V\YZ*bd S ]`S-\b\,SW /Wq Z*a \+1/D�\V* Ym aWd3SWS , �do`b\O�SV\E Ym Z1aV\WnV\

`*4 14/SWS , �Z-WSpE hb\+m Z*,1abSbn Y\Sf `\/OZmfD \bWShS1 \b Z*a a Y*Y\yE ]*]* aZ*h*W* Z1]`SZqW SabSZdD �\ V\-/* V Z*Y ]`S143*WS /\VOW*/hSVS S4 1eSWqE Y*Y* h*ab\ ]`S-W*j*W* Sf\ab*Z\,Sbnaq d Z*a /\Y*D �*]* ,S/1WE V*V aSWnZ\obS aYS`1ZZm1 +`*bnqE 4*ZSY*,jS1 \b,1bab,1ZOZ\1 ]\W\31ZS1E \bWSh*WSan \b ]*ab\`\,E V\b\`mf\Z d31 /*,Z\ b1`]1bn Z1 Y\-D V\Zg1 V\Zg\, ,5=:6 -\/d \Z V`1abSWaqE ab*, �,S/1b1W1Y 1-\,mD�\q /\`\-*q 31Z* �*VaSZ dY1`W* , 6>55 -\/dD

�*V 31 YZ1 f\h1baq aZ\,* d,S/1bnaq a Z1yE V\-/*\Z* ,\aV`1aZ1bI 'b* Z*/13/* Y1Zq \h1Zn a\-`1,*O1bD ˛* 9< W1bE ]`\3Sbmf ,Y1ab1E Ym a �*VaSZ ,SO/1WSE V*V hSaW\ aWd3Sb1W1y 1-\,m , �do`b\O�SOV\ ,\4`\aW\ ]`SY1`Z\ a :9> /\ 6:>>>D �\-/* ,6>57 -\/d eSWS*W , �do`b\O�SV\ +mW \+l1/SZ1Za eSWS*W\Y , �\1/SZ1ZZmf "b*b*fE Y1Zq ]\]`\OaSWS aWd3Sbn , �\WVSWW1 Ljb*b �npO•\`VMD ˛*:> W1bE ]`\3Sbmf Z* \ab`\,1E q ab*W hd,ab,\O,*bn a1+q Z*ab\qkSY ]do`b\`SV*Zg1Y P b*VSY 31Y1abZmY 3Sb1W1YE V*V Y*W1ZnV*q /`1,1aZ*q WqO-djV* V\VSE V\b\`*q w]\1bx Z* 4*V*b1B w�\OVSSE V\OVSSIx �\ ]`SjW\ ,`1Yq d143*bnD

w�� (�� ˙�� ˙��˚�)x

) ,a1 1k1 aWd3d �\-d , 1eSW1D �1yh*a YZ1 d314* =>E S Y\1 Z*4Z*h1ZS1 P +mbn /df\,ZmY ]*abmO`1Y S \+\/`qbn hW1Z\, ,1eSWnaV\y a1YnSD �\,\O`qbE 4* b\ ,`1YqE hb\ q , �\WVSWW1E q ]\a1bSW d31+\W11 :>> h1W\,1VD �1V\b\`m1 f\bqb ]\-\,\`Sbna\ YZ\y \ WShZmf SWS a1Y1yZmf ]`\+W1Y*fD ˙`dO-S1 ]`\aqb a\,1b* \bZ\aSb1WnZ\ a,\1-\ aWd31ZSq, 1eSW1D �\`\y 4* a\,1b\Y \+`*k*pbaq b1E Vb\Z1/*,Z\ ,abd]SWS , +`*VD �1V\b\`m1 ,1eSWngm+mWS Z*4Z*h1Zm aWd3Sbn , ]\W1D ) ,maWdjS,*p,a1fE Vb\ V\ YZ1 ]`Sf\/SbE S Z1`1/V\ -\,\`p SYBwt�\- Wp+Sb `*/\abZ\-\ /*`Sb1WqrD �\ob\Yd ,mO]\WZqyb1 a,\p `*+\bd a `*/\abnpD 1/n ,m /1W*O1b1 11 /Wq 1-\,mx L6 �\`D =B;MDb\+m da]1jZ\ aWd3Sbn , 1eSW1E V*V S , WpO

+\Y /`d-\Y Y1ab1E Zd3Z\ ]\ab\qZZ\ Z*]\YSZ*bna1+1E ]\h1Yd b\E hb\ bm /1W*1jnEP ,*3Z\D a1E hb\Ym /1W*1Y , 1eSW1EP a,qk1ZZ\1 aWd31ZS1D �1EVb\ b*Y aWd3SbE ]\Y\-*pb ,1`Z\Yd S +W*-\`*4dYOZ\Yd `*+d /*,*bn /df\,Zdp ]Skd ,a1YS`Z\Yd+`*bab,d L�*beD 68B89MD \4Y\3Z\abn ]`\aW*,OWqbn 1-\,d 1abn ,14/1E -/1 +m Ym 1Yd ZS aWd3SOWSD ˙*,*yb1 a `*/\abnp /1W*bn b\E \ h1Y \Z Z*a]`\aSbE ,1/n w�\- Wp+Sb `*/\abZ\-\ /*`Sb1WqxI

� �*VaSZ , �do`b\O�SV\ ,aV\`1 ]\aW1 31ZSbn+m S, 6>>7 -\/d , 9>Op -\/\,kSZd a,*/n+m

�� S a1Ynq P ob\ b\E +14 h1-\ aW\3Z\ ]`1/ab*,Sbn Z*jd3S4ZnD ˙*,*yb1 `*aaY\b`SYE V*V S a V*V\y g1Wnp +mW \aZ\,*Z+`*VD �*V Ym \+`1b1Y ]`*,SWnZmy ,4-Wq/ Z* +`*hZm1 d4m S1k1 , +\Wnj1y Y1`1 Z*aW*/SYaq `*/\abqYS a1Y1yZ\y 3S4ZSD�\4/*, ]1`,\-\ h1W\,1V*E �/*Y*E �\- ]\`dhSW 1Yd /*bn 3SO,\bZmY Z*4,*ZSqD �/*Y d,S/1WEhb\d ,a1f 3S,\bZmf +mWS ]*O`mE Z\ w/Wq h1W\,1V* Z1 Z*jW\an ]\Y\kZSV*E V\b\`my +mW+m 1Yd /\]\WZ1ZS1YxD �\-/* �\- ]\-`d4SW �/*Y* , -Wd+\VSya\ZE ,4qW d Z1-\ `1+`\E a/1W*W S4 Z1-\31ZkSZd S ]`S,1W 11 V�/*YdD L˛*hSb*y �mbS1 6B6>P68DM �*V +mW \aZ\,*Z +`*VD6 w�d3hSZ* \ab*,Sb \bg* S Y*bn S ]`SW1]Sbaq V a,\1y 31O

Z1E S /,\1 ab*Zdb \/Z\y ]W\bnpxD Sada /*W ]\ZqbnE hb\ obSaW\,* ]`\S4Z1a a*Y �\- L�*beD 5=B8E 9MD �/1W*, 31ZkSZd S4`1+`* �/*Y*E �\-E ,1`\qbZ\E f\b1W ]\V*4*bn ]1`,\y a1Y1yZ\y]*`1E Z*aV\WnV\ V`1]VSY /\W31Z +mbn Sf a\p4D �\ 4*YmaWd�\-* Wp/S Z1 /\W3Zm +mWS `*4,\/Sbnaq S SY1bn +\Wnj1 h1Y\/Z\-\ ad]`d-*D

5E 6D *M �*V +mW \aZ\,*Z +`*VH +M �b\E ,1`\qbZ\E ]\ZqWS \ +`*V1]1`,m1 Yd3hSZ* S 31ZkSZ*H L�Y\b`Sb1 SWWpab`*gSp , Z*h*W1ab*bnSDM

�\h1Yd �1-\,* \aZ\,*W+`*VHw� aV*4*W �1-\,* �\-B t�1f\`\j\ h1W\,1Vd +mbn \/Z\YdD�\4/*Y 1Yd ]\Y\kZSV*rx L�%�D 6B5<MD

�˚��B 7:E 55

� % �% ��˚��H

��

�\h1Yd +`*V Y\3Z\ Z*4,*bn/*`\Y �\-*H

��

�*VS1 S4Y1Z1ZSq ]`1b1`]1W+`*V a\ ,`1Y1Z �/*Y*/\ /Z1y �Sada*H

��

�b\ ]\Y\31b f`SabS*ZSZd`1jSbnE ab\Sb WS 1Yd,abd]*bn , +`*VH

<

�� 6>5: =

� � ˛��%�˚� �˚��%7 �*V ah*abWS, +mW �/*YE V\-/* d Z1O

-\ ]\q,SW*an \h*`\,*b1WnZ*q 31Z*I �\4O/Z11 \Z /*W 1y SYq P ˚,*E S \Z* +mW*/\]\WZ1ZS1Y �/*YdE 1-\ ]\Y\kZSV\YDY1ab1 \ZS Z*]\WZqWS ah*abn1Y V*3/my/1Zn a,\1y a1Y1yZ\y 3S4ZS L�mbD 6B5<MD�`*V SY1W ,*3Zdp g1Wn P Z*a1WSbn 41YOWp L�mbD 5B6<MD �*V +m aSWnZ\ amZ\,nq S/\h1`S �/*Y* S ˚,m ZS Wp+SWS a,\Sf`\/Sb1W1yE \ZS /\W3Zm +mWS \ab*,SbnSfE hb\+m a\4/*bn a\+ab,1ZZdp a1YnpD�p/S Z*]\WZSWS +m 41YWp /\ `*4dYZmf]`1/1W\, S ]\ab1]1ZZ\ ]`1,`*bSWS +m,ap ]W*Z1bd , ]`1V`*aZmy `*yD8 �\ , ]1`,\y a1Yn1 ]`\S4\jW* +1/*B

�/*Y S ˚,* 4W\d]\b`1+SWS a,\1y a,\+\O/\y ,\WSE \aWdj*,jSan 1-\,dD w˙`1,OZSy 4Y1yxE �*b*Z* ˙nq,\WE \+Y*ZdW ˚,dD�Z 4*ab*,SW 11 ]\,1`Sbn , b\E hb\E al1,]W\/ a w/1`1,* ]\4Z*ZSq /\+`* S 4W*xE\Z* \+`1b1b Z1V\1 \a\+\1 4Z*ZS1E V\b\O`\1 ]\4,\WSb 1y a*Y\y `1j*bnE hb\ 1abn/\+`\E * hb\ 4W\D ˚,* Z1 `*aaV*4*W* \+ob\Y a,\1Yd Yd3dE ]`\q,S, b1Y a*YmYZ1d,*31ZS1 V 1-\ -W*,1Zab,dD �/*Yd aW1O/\,*W\ aWdj*bnaq �\-*E Z\ \Z ,4qW ]`1/OW\31ZZmy˚,\y]W\/ L�bVD 56B=C �mbD 6B=E5:E 5;C 7B5P:MD9 �\-/* �\- ]`S4,*W �/*Y* V \b,1bdE

b\b ab*W \+,SZqbn ,\ ,a1Y a,\p31ZdE -\O,\`qB w˝1ZkSZ*E V\b\`dp bm /*WE hb\+m\Z* +mW* a\ YZ\yEP ob\ \Z* /*W* YZ1]W\/ a /1`1,*E S q 1WxD � ˚,* \]`*,/mO,*W*an b1YE hb\ 11 \+Y*ZdW 4Y1y L�mbD7B56E 57MD �*VS1 Z1W1]m1 ]\]mbVS ,m-\O`\/Sbn a1+qI �/*Y S ˚,* \aWdj*WSan�\-*E ]\ob\Yd \Z \ad/SW Sf V*V Yqb13OZSV\,D ob\Y 1abn ]`1/\ab1`1-*pkSyd`\V /Wq Z*aD b\+m +`*V +mW ah*abWSO

7D �*Vdp ,*3Zdp g1Wn SY1W +`*VH8D �b\ ]`\S4\jW\ , ]1`,\y a1Yn1H9D �1Yd Ym dhSYaq S4 b\-\E hb ‹\ �/*Y S ˚,*\b,1bSWS �1-\,1H

,mYE V*3/my S4 ad]`d-\, /\W31Z \b,1Oh*bn 4* a,\S /1yab,Sq S +mbn ]\aWdjOZmY 1-\,1D: �1aY\b`q Z* aWdhS,j11aq , '/1Y1E

1-\,* /*W h1W\,1h1ab,d Z*/13/dE ,mOaV*4*, ]1`,\1 +S+W1yaV\1 ]`\`\h1ab,\DL˛*hSb*y �mbS1 7B59DM �\-W*aZ\ ob\OYd ]`\`\h1ab,dE /df\,Z\1 a\4/*ZS1E ]1`O,mY ]\/Zq,j11 Yqb13E +d/1b ]\`*31Z\w]\b\Yab,\Yx w31ZkSZmxD �*V 1-\,*/*W Wp/qY ]`1/ab*,W1ZS1 \+ \a\+mf \bOZ\j1ZSqf Y13/d ZSY S \-`\YZmY YZ\O31ab,\Y ]`*,1/Zmf /df\,Zmf a\4/*ZSyEV\b\`m1 aWd3*b 1Yd Z* Z1+1D �\4/Z11 S4�Sa*ZSq ab*W\ qaZ\E hb\ ]\ ,\W1 �\O-* \/SZ S4 hW1Z\, ob\y ]\/\+Z\y 31Z1\`-*ZS4*gSS w]\`*4Sbx ˙nq,\W* S /*ab]\aWdjZmY Wp/qY ,\4Y\3Z\abn \+`1OabS b\E hb\ ]\b1`qW* ]1`,*q ]*`*EP ,1hOZdp 3S4Zn Z* 41YW1E ,1/n SY1ZZ\ b*Vdp3S4Zn S4Z*h*WnZ\ 4*YmaWSW /Wq Wp/1y 1-\,* L \*ZD 7B5:MD; �qb13 �/*Y* S ˚,m \b`*4SWaq V*V Z*

Sf a\+ab,1ZZ\Y +`*V1E b*V S Z* +`*V1,a1f Sf ]\b\YV\,D �*VE Z*hSZ*q a ˚,mE,a1 31ZkSZm ab*WS Sa]mbm,*bn +\Wn ,\,`1Yq `\/\,D � 31ZkSZ ]\q,SW\an aSWnOZ\1 ,W1h1ZS1 V a,\SY Yd3nqYE * Yd3OhSZm ab*WS -\a]\/ab,\,*bn Z*/ a,\SYS31Z*YSE Z1`1/V\ /*31 ]`\q,Wqq 31ab\OV\abnD �1-\/Zq b*V\1 Y\3Z\ Z*+Wp/*bn,\ YZ\-Sf a1Ynqf L�mbD 7B5:MD �S+WSqb`1+d1bE hb\+m Yd3E Sa]\WZqq `\Wn -W*O,mE \+`*k*Waq a 31Z\y a Wp+\,npD � 31OZ*Y Zd3Z\ ]\/hSZqbnaq -W*,1Zab,d YdO3* L'eD 9B77MD �W*-\/*`q a\,Y1abZmYdaSWSqY +\qkS1aq �\-* ad]`d-S Y\O-db a,1abS V YSZSYdYd aSbd*gSSE V\b\O`m1 ,m4m,*pb b`1ZSqE SWS ,\\+k1 SfS4+1-*bnD

:D �*V +m ,m \+lqaZSWS �mbS1 7B59H

;D *M �*V ]\,WSqW Z* +`*V Yqb13 �/*Y*S ˚,mH +M �1-\ �S+WSq b`1+d1b \b Yd31y S31ZH

5> ��˝˚��) ��")

�� ˚�˚� �˙�� ˙� ��< ˙\ b\-\ V*V -`1f S Z1a\,1`j1Zab,\

\bZqWS d �/*Y* S ˚,m3S4ZnE d ZSf `\/SOWSan amZ\,nq S /\h1`S L�mbD 9B8MD f]1`,my amZE �*SZE 31ZSWaq Z* a,\1y`\/ab,1ZZSg1D �\-W*aZ\ �S+WSSE ]\b\OY\V �*SZ* ]\ SY1ZS �*Y1f ab*W ]1`,mYEd V\-\ +mW\ /,1 31Zm L�mbD 8B5;E 5=MD �\,`1Y1Z �/*Y* /\ /Z1y �\qE V\-/* ]`\OS4\j1W�\b\]E 1-\,1 aWd3SWSWSjnZ1OYZ\-S1 Wp/SD �`1/S ZSf +mWS �,1WnE˚Z\fE * b*V31 �\y S 1-\ a1YnqD �*V `*aOaV*4m,*1baq , �S+WSSE , /ZS �\q wamZ\O,nq SabSZZ\-\ �\-* Z*h*WS \+`*k*bn,ZSY*ZS1 Z* h1W\,1h1aVSf /\h1`1yE Z*b\E hb\ \ZS V`*aS,mE S ab*WS +`*bn a1+1,31Zm ,a1fE V\-\ ,m+S`*WSxD `14dWnb*Ob1 ]`\bS,\1ab1ab,1ZZ\y a,q4S Y*b1`S*OWS4\,*,jSfaq *Z-1W\, a 31ZkSZ*YS Z*a,1b ]\q,WqWSan 31ab\VS1 -S+`S/mE S4O,1abZm1 V*V Z1eSWSYmD �\W11 b\-\E WpO/SZ* 41YW1 ]\-`q4WS , ]\`\V1 S ,a1 YmaOWS Sf a1`/g* +mWS ]\ab\qZZ\ Z*]`*,W1OZm b\WnV\ Z* 4W\ L�mbD :B5P9MD= /ZS �\q 1-\,* dZShb\3SW Z1h1O

abS,mf , �\b\]1D �\-/* Wp/S +mWS Z*Oab\WnV\]\-W\k1Zm\+mhZmYS /1W*YSE ,b\Y hSaW1 ,abd]W1ZS1Y , +`*VE hb\ Z1,\a]`SZSY*WS ,a1`n14 aW\,* �\qE w]`\O]\,1/ZSV* ]`*,1/Z\abSxE V\b\`my ]`1O/d]`13/*W \ ]`1/ab\qk1Y dZShb\31OZSS L6 �1bD 6B9MD Sada a`*,ZSW b\ ,`1OYq a Z*jSYS /ZqYSD L˛*hSb*y �*be1q68B7;P7=DM �1-\/Zq +\WnjSZab,\ WpO/1y Z1 aWdj*pb +W*-dp ,1abn \ �\3n1Y�*`ab,1E V\b\`*q ]1`1/ V\Zg\Y ob\-\ Z1Oh1abS,\-\ YS`* 4,dhSb ]\ ,a1y 41YW1 /Wqa,S/1b1Wnab,* ,a1Y Z*`\/*YD �WdhS,j1O1aq , /ZS �\q aWd3Sb Z*Y ]`1/\ab1`131OZS1YB /*31 b\E hb\ a,q4*Z\ a a1Yn1yEP

<D �*VS1 S4Y1Z1ZSq ]`1b1`]1W +`*V a\ ,`1OY1Z �/*Y* /\ �\b\]*H

=D �*V , /ZS \q �1-\,* ]\abd]SW a Z1h1abSO,mYS S h1Yd Ym S4 ob\-\ dhSYaqH

,abd]W1ZS1 , +`*V SWS ,\a]Sb*ZS1 /1Ob1yP Z1 /\W3Z\ \b,W1V*bn Z*a \b \3S/*OZSq /Zq 1-\,mD

�� ˙� ˙�˚• ��5> �\bq d �\q S d V*3/\-\ S4 b`1f 1-\

amZ\,1y +mW* \/Z* 31Z*E ,\ ,`1Y1Z*]*b`S*`f\, +mW\ `*a]`\ab`*Z1Z\ YZ\O-\31Zab,\D \ YZ\-Sf VdWnbd`*f a1VadO*WnZ*q +14Z`*,ab,1ZZ\abn +mW* , ]\O`q/V1 ,1k1yE \Z* +mW* Z1\bl1YW1Y\yh*abnp YZ\-Sf `1WS-S\4Zmf `Sbd*W\,D�\-/* �,`*Y L�,`**YM S 1-\ 31Z* �*`*L�*``*ME ]\aWdj*,jSan �\-*E ]1`1a1WSOWSan , �*Z**ZE \ZS d,S/1WSE hb\ ob* 41YOWq +mW* Z*,\/Z1Z* \+mh*qYSE V\b\`m1]`SZS3*WS a*Y\ ]\ZqbS1 a1YnS S +`*V*D 1-\,* `1jSW dZShb\3Sbn -\`\/* �\/\YS �\Y\``dE ]\b\Yd hb\ Sf 3Sb1WS ]\-`q4OWS , ,\]Spk1y a1Vad*WnZ\y +14Z`*,Oab,1ZZ\abS SWS 4*V`m,*WS Z* Z11 -W*4*D�,`**Y +mW f\`\jSY -W*,\y a1YnSE *�*``* ]\/*W* ]`1V`*aZmy ]`SY1`E V*V]\/hSZqbnaq -W*,1Zab,d Yd3*D L˛*hSOb*y 5 �1b`* 7B7P:DM �,`**Y a/1W*W ,a1Ehb\+m 1-\ amZ a**V 31ZSWaq Z* aWdO3Sb1WnZSg1 1-\,mD ˛*+\b\y \+ SabSZOZ\Y ]\VW\Z1ZSS �\-d `dV\,\/ab,\,*WaqS amZ a**V* *V\,E \b amZ\,1y V\b\`\O-\ ]`\S4\jWS 56 ]W1Y1Z 4`*SWqD55 �\4/Z11 1-\,* 4*VWphSW a ]\b\YO

V*YS *V\,* L 4`*SWqM a\-W*j1ZS1D�,qO4*ZZm1 a +`*V\Y \+mh*SE V\b\`m1 adOk1ab,\,*WS , /ZS ]*b`S*`f\,E ab*WS `1-OW*Y1ZbS`\,*bnaq �\Sa11,mY 4*V\Z\YD˛*V\Z 4*kSk*W S4`*SWnbqZ /df\,Z\E 4*O]`1k*q SY ,abd]*bn , +`*V a b1YSE Vb\aWd3SW /`d-SY +\-*YD L˛*hSb*y �b\`\O4*V\ZS1 ;B7E 8DM �\-/* d V\-\Ob\ , a1Yn1,\4ZSV*WS a1`n14Zm1 b`d/Z\abSE Z* ]\O

5>D *M �*VS1 ,4-Wq/m Z* a1Vad*WnZm1 \bZ\Oj1ZSq +mb\,*WS ,\ YZ\-Sf VdWnbd`*fH+M � h1Y +`*V �,`**Y* S �*``m aWd3Sb Z*Yf\`\jSY ]`SY1`\YH

55D �*V�\Sa11, 4*V\Z 4*kSk*W S4`*SWnbqZH

Y\knh*ab\ ]`Sf\/SWSab*`1yjSZmD�WdOh*SE a,q4*ZZm1 a Z1,1`Z\abnpE `1,Z\Oabnp S ]\/\4`1ZSqYSE `*aaY*b`S,*WSan, a\-W*aSS a dab*Z\,W1ZZmY ]\`q/V\YD�*4,\/ /\]daV*WaqE Z\ , a\\b,1bab,SSa b`1+\,*ZSqYS ˛*V\Z*D �d3hSZ* Y\-`*4,1abSan a\ a,\1y 31Z\yE 1aWS ,S/1Ww, 11 ]\,1/1ZSS Z1hb\ ]`1/\ad/Sb1WnOZ\1x Lb\`D 68B5MD b\ SY1ZZ\ ahSb*W\anw]`1/\ad/Sb1WnZmYxE ˛*V\Z Z1 \-\,*`SO,*WE Z\ W\-ShZ\ ]`1/]\W\3SbnE hb\ `1hnZ1 jW* \ V*V\YOb\ ]dabqV1 L�1,D 5=B5<+MD

�˚ ��•�˚ �˚�� ˝�˛��

56 /ZS ]`\`\V* �*W*fSS YZ\-S1 YdO3nq , 1,`1yaV\Y Z*`\/1 ]\abd]*WS a\a,\SYS31Z*YS ,1`\W\YZ\B \ZS `*4,\/SOWSan a ZSYS ]\ Wp+\Yd ]\,\/dD �*VSY\+`*4\Y b1 Yd3hSZmS4+*,WqWSan \b 31Za,\1ypZ\abSE ,1`\qbZ\Ehb\+m31ZSbnaqZ* +\W11 Y\W\/mf 31ZkSZ*f S /*31 Z*q4mhZSg*fD �\-/* Z* 41YW1 3SW SadaESd/1S ,a1 b*V 31 ,1`\W\YZ\ `*4,\/SWSana 31Z*YS w]\ Wp+\y ]`ShSZ1x L�*beD5=B7MD �\- 1-\,* Z1Z*,S/1W b*V\y `*4O,\/D L˛*hSb*y �*W*fSS 6B57P5:DM57 �1-\/Zq ]\/\+Z\Yd ,1`\W\Yab,d Z1

Y1ab\ , Z*`\/1 1-\,mD �\ ]`1/]\W\O3SYE hb\ Vb\Ob\ S4 a\ab\qkSf , +`*V1V`1k1Zmf f`SabS*Z df\/Sb V hd3\Yd YdO3d SWS 31Z1 SE ]\WdhS, `*4,\/E ,abd]*1b, Z\,my +`*VD aWdh*1E 1aWS ob\b f`SOabS*ZSZ Z1 `*aV*S,*1baqE 1-\ SaVWph*Opb S4 a\+`*ZSqE hb\+m \Z\ \ab*W\an /dOf\,Z\ hSabmY L5 �\`D 9B55P57MD ˚aWS b*OV\y h1W\,1V f\h1b ,1`Zdbnaq , a\+`*ZS1E\Z /\W31Z a\,1`jSbn w/1W*E a\\b,1bOab,dpkS1 `*aV*qZSpx L�dVS 7B<C 6 �\`D6B9P5>MD �\bq Z1b h1bV\ dab*Z\,W1ZZ\-\

56E 57D *M �*V Z1V\b\`m1 Yd3hSZm ]\abd]*OWS a\ a,\SYS 31Z*YS ,\ ,`1Y1Z* �*W*fSSH+M �*VS1 ]\aW1/ab,Sq 3/db V`1k1Z\-\ hW1Z*a\+`*ZSqE 1aWS \Z df\/Sb V hd3\Yd Yd3d SWS31Z1H

a`\V*E ]\aW1 V\b\`\-\ h1W\,1V* Y\3Z\,\aab*Z\,Sbn , a\+`*ZSSE Zd3Z\ ]\YOZSbnE hb\ ,1`\W\Yab,\E V\b\`\1 /\ab*Ob\hZ\ `1/V\ a\,1`j*1baq , Z*`\/1 �\O-*EP ob\ a1`n14Zmy -`1fD b\+m -`1jOZSV /\V*4*WE hb\ SaV`1ZZ1 `*aV*S,*1baqE/\W3Z\ ]`\ybS V*V\1Ob\ ,`1Yq P -\/SWS +\W11D ˙*31 1aWS b*V\y h1W\,1V +dO/1b ,\aab*Z\,W1Z , a\+`*ZSSE \Z ,a1 `*,OZ\ /\W31Z +d/1b /*bn 4* a1+q \bh1b �\-dE]`1/ab*, ]1`1/ 1-\ ad/1+ZmY ]`1ab\W\YL�SYD 58B5>P56C aY\b`Sb1 w�b\`\31,dp+*jZpx \b 59 a1Zbq+`q 6>>: -\/*E ab`*OZSgm 6=P7>MD

� � ��58 �* ]`\bq31ZSS 59>> W1b3S4ZnS4`*O

SWnbqZ `1-dWS`\,*W*an�\Sa11,mY 4*V\OZ\YD �Z ]\Y\-*W �\3n1Yd Z*`\/d ]\YOZSbn \ ]`*,1/Zmf ]`SZgS]*f ]`S `1Oj1ZSS a1Y1yZmf S /`d-Sf ,\]`\a\, SaWd3SW]`S ob\Y ,\a]Sb*b1W1YE ,1/dkSYV �1aaSS L�*WD 7B67E 68MD �\aW1 aY1`bS Sada* �`Sab* ˛*V\Z +mW \bY1Z1ZE S�\- ,,1W Z\,\1 dab*Z\,W1ZS1 L˚,`D <B:MD�Z\ d]`*4/ZSW\ Z1V\b\`m1 \+mh*SE /\O]daV*,jS1aq ˛*V\Z\YD59 �b,1h*q Z* ,\]`\a e*`Sa11,E Sada

aV*4*WE hb\E f\bq �\Sa1y /\]dabSW `*4O,\/E wa a*Y\-\ Z*h*W* b*V\-\ Z1 +mW\xL�*beD 5=B:P<MD �*VSY \+`*4\Y Sada]\V*4*WE hb\ b`1+\,*ZS1 �\-* , \bZ\Oj1ZSS +`*V*E ,,1/1ZZ\1 , '/1Y1E +d/1ba\+Wp/*bnaq , f`SabS*ZaV\Y a\+`*ZSSL5 �SYD 7B6E 56MD b\+m ab*bn w\/Z\y ]W\ObnpxE b1E Vb\ ,abd]*W , +`*VE /\W3Zm+mWS w]`SW1]Sbnaqx V a,\1Yd a]dbZSVd3S4ZS S dV`1]Wqbn a,\y a\p4E ]`\q,WqqWp+\,nV�\-dS /`d- V /`d-dD ˚aWS Vb\Ob\`*4,\/Sbaq Z1 ]\ ]`ShSZ1 a1Vad*WnZ\y

58D �*V\y g1WS aWd3SW ˛*V\ZH59D *M �*V\1 b`1+\,*ZS1 , \bZ\j1ZSS +`*OV* /\W3Zm a\+Wp/*bn f`SabS*Z1H +M h1YZd3Z\ ]\YZSbn f`SabS*ZSZdE V\b\`my /dY*1b\ `*4,\/1H

�� 6>5: 55

56 ��˝˚��) ��")

+14Z`*,ab,1ZZ\abSE d Z1-\ Z1b ]`*,* 4*OVWphSbn Z\,my +`*V L�*beD 5=B=MD �\OZ1hZ\E f`SabS*ZSZ Y\31b ]`\abSbn a,\1O-\ a]dbZSV* 3S4ZSE V\b\`my a\,1`jSW]`1Wp+\/1qZS1E Z\ `*aV*qWaqD Y1ZOZ\ b*VE ad/q ]\ ,a1YdE ]\abd]SW ]`\`\V�aSqB \Z ]`\abSW a,\p 31Zd �\Y1`nE V\Ob\`*q 1Yd S4Y1ZqW*D �\/\+ZmY \+`*4\Y 1-\,* ]`\q,SW YSW\a1`/S1 V S4`*SWnOaV\Yd Z*`\/dE V\b\`my +mW Z1,1`1Z 1Yd, /df\,Z\Y aYmaW1E Z\ ]\b\Y `*aV*qWaqL�aD 7B5P9MD �b\Sb \bY1bSbnE hb\E 1aWSZ1,SZ\,Zmy a]dbZSV 3S4ZSE 4Z*q \+ S4OY1Z1E `1j*1b ,\4\+Z\,Sbn a\ a,\SY YdO31Y SWS 31Z\y SZbSYZm1 \bZ\j1ZSqEobSY \Z ]\V*4m,*1bE hb\ ]`\k*1b 1-\D b*V\Y aWdh*1 d Z1-\ +\Wnj1 Z1b +S+OW1yaV\-\ \aZ\,*ZSq /Wq `*4,\/*D5: �\V*4*,E hb\ /Wq f`SabS*Z 1/SZabO

,1ZZ*q ]`ShSZ* /Wq `*4,\/* P S4Y1Z*a]dbZSV* 3S4ZSE Sada ab*W -\,\`Sbn \wb1fE d V\-\ 1abn/*`x \ab*,*bnaq +14+`*hOZmYSD �Z aV*4*WB w�b\ -\b\, 3Sbn b*VE]dabn b*V S 3S,1bx L�*beD 5=B5>P56MD�Z\-S1 `1jSWS Z1 ,abd]*bn , +`*VE hb\O+m aWd3Sbn 1-\,1 +14 \b,W1h1ZSyD �*OV\y ,m+\` 4*aWd3S,*1b ]\f,*WmD5; abd]*bn , +`*V SWS Z1bH b\+m \bO

,1bSbn Z* ob\b ,\]`\aE h1W\,1Vd Zd3OZ\ ]\ZqbnE Y\31b WS \Z a\f`*Zqbn/*` +14+`*hSqD �]\ab\W �*,1W ]\\k`qWV +14+`*hSpE \/Z*V\ \Z aV*4*WB w�\OaV\WnVd ]\,ap/d `*a]`\ab`*Z1Z +Wd/E]dabn d V*3/\-\ Yd3hSZm +d/1b a,\q 31OZ* S d V*3/\y31ZkSZmP a,\yYd3xD �*O,1W ]`\/\W3SWB w˚aWS d ZSf Z1b a*Y\\+OW*/*ZSqE ]dabn ,abd]*pb , +`*VE ]\b\Ydhb\ Wdhj1 ,abd]Sbn , +`*VE h1Y `*a]*OWqbnaq ab`*abnpxD abd]S, , +`*VE h1W\O,1V Y\31b d/\,W1b,\`Sbn a,\S ]\W\,m131W*ZSqE V\b\`m1 , ]`\bS,Z\Y aWdh*1

5:D �b\ �Sada aV*4*W \ +14+`*hSSH

5;D �b\ ]\Y\31b f`SabS*ZSZd `1jSbnE ,abdO]*bn WS 1Yd , +`*VH

]1`1`\aWS +m , ]`S,mhVd Y*abd`+S`\O,*bn SWS ]\/b\WVZdWS +m 1-\ V a1VadO*WnZ\y +14Z`*,ab,1ZZ\abSD ob\Y ,\O]`\a1 b*V31 ab\Sb dhSbm,*bn ,\4`*abE,1/n �*,1W Z*]Sa*WB w˚aWS Vb\Ob\ /dY*O1bE hb\ ]\abd]*1b a\ a,\1y /1,ab,1ZZ\Oabnp Z1]`*,SWnZ\E 1aWS YSZ\,*W /WqZ11 `*ag,1bpZ\abS S /\W3Z\ ]`\S4\ybSb*VE ]dabn /1W*1bE hb\ f\h1bE \Z Z1 a\O-`1j*1bD �dabn b*VS1 ,abd]*pb , +`*VxL5 �\`D ;B6E =E 7:C 5 �SYD 8B5P7MD �/Z*OV\ `1j1ZS1 ,abd]Sbn , +`*V Z1 /\W3Z\+mbn \+daW\,W1Z\ ]\b`1+Z\abnp d/\,OW1b,\`Sbn aSWnZm1 a1Vad*WnZm1 31W*OZSqE V\b\`m1 ]\q,Wqpbaq , pZ\abSD ob\Y ,\4`*ab1 h1W\,1VE V*V ]`*,SW\E1k1 Z1/\ab*b\hZ\ 4`1WE hb\+m ,4qbn Z*a1+q \b,1bab,1ZZ\abnE a,q4*ZZdp a a1OY1yZ\y 3S4ZnpD5< �`SabS*Z1 /\W3Zm ,abd]*bn , +`*V

b\WnV\ a b1YSE Vb\ ]\a,qbSW a,\p 3S4Zn 1-\,1 S ,a1Y a1`/g1Y 1-\ Wp+SbD �`\Y1b\-\E hb\+m /,\1 f`SabS*Z a\1/SZSWSa,\S3S4ZS d4*YS +`*V*E \ZS /\W3Zm -\O`qh\ ]\Wp+Sbn /`d- /`d-*D Z1 ,aqVSfa\YZ1ZSyE ]\aWdj*,jSan a\,1b* ,abdO]*bn , +`*V wb\WnV\ , �\a]\/1xE \ZS ]\3OZdb +W*-\aW\,1ZSq L5 �\`D ;B7=MD�b*, YdO31Y S 31Z\yE \ZS Z* a\+ab,1ZZ\Y \]mb1d+1/qbaqE hb\ +S+W1yaVS1 a\,1bm Y\-dba/1W*bn Sf +`*V ]\OZ*ab\qk1Yd ah*abOWS,mYD5= obS ]\aW1/ZS1 /ZS YZ\-S1 Yd3hSO

Zm S 31ZkSZm ]`\q,Wqpb h1`bmE Y1j*OpkS1 a1Y1yZ\Yd ah*abnpD aW1/dpk1yab*bn1 Ym `*aaY\b`SY +S+W1yaVS1 ]`SZOgS]mE V\b\`m1 ]\Y\-db a\ab\qkSY ,+`*V1 f`SabS*Z*Y L6 �SYD 7B5P9MD a,\O1Y �W\,1 1-\,* /*1b Z*Y g1ZZm1 a\,1ObmE V\b\`m1 ]\4,\Wqb Z*Y dV`1]Sbn d4m+`*V* SS/bS a 1-\Z*`\/\Y]\/\`\-1E ,1O/dk1y V ,1hZ\y 3S4ZS L�*beD ;B57E 58MD

5<E 5=D *M � V1Y f`SabS*Z1 /\W3Zm ,abd]*bn, +`*VH +M �b\ +d/1b `*aaY*b`S,*bnaq , aW1O/dpk1y ab*bn1H

� �� 31ZSf* a,1bSbaq \b ah*abnqE V\-/* \Z ,S/Sb a,\p \h*O`\,*b1WnZdp Z1,1abdDd,ab,*E V\b\`m1 ]1`1]\WZqpb Sf a1`/Og*E b`d/Z\ \]Sa*bn aW\,*YSD �\-/* \ZS ,ab`1h*WSanE Sf WpO+\,n ab*Z\,SW*an ,a1 V`1]h1E S b1]1`n \ZS -\b\,m ]\VWqabnaq/`d- /`d-d , ,1`Z\abSD �\Z1hZ\E SY ]`S/1baq YZ\-\1 ]\Y1OZqbnE ,1/n Sf 3S4ZS a\1/SZSWSan S \ZS ab*WS a1Yn1yD �\ , �\O3n1Y �W\,1 1abn Z*/13Z\1 `dV\,\/ab,\ /Wq b1fE Vb\ ,abd]*1b, +`*VE ]\aV\WnVd �aZ\,*b1Wn +`*V*E �\-E V\b\`my Wp+Sb Z*aEf\h1bE hb\+m Z*j* a1Y1yZ*q 3S4Zn +mW* ah*abWS,\y L�`SbD5<B66MD �S+WSS ]`qY\ -\,\`SbaqE hb\ d Z1a\,1`j1ZZmf WpO/1yE V\b\`m1 ,abd]*pb , +`*VE w]\q,qbaq Z\,m1 b`d/Z\abS ,3S4ZSx L5 �\`D ;B6<MD b\ Y\3Z\ ]`1/]`SZqbnE hb\+m obSfb`d/Z\ab1y +mW\ V*V Y\3Z\ Y1Znj1H V*V \+`1abS ah*abn1 ,f`SabS*ZaV\Y +`*V1H6 �S+WSS ]\/h1`VS,*1baqE Z*aV\WnV\ ,*3Z* Wp+\,nD

5D �\bq a,*/n+* P ob\ `*/\abZ\1 a\+mbS1E \ h1Y /\W3Zm ]\YOZSbn b1E Vb\ ,abd]*1b , +`*VH L�Y\b`Sb1 SWWpab`*gSp , Z*h*W1ab*bnSDM6D �*VS1 ,S/m Wp+,S /\W3Zm ]`\q,Wqbn ad]`d-SH

�*V \+`1abS ah*abn1, f`SabS*ZaV\Y +`*V1Hw�*3/my S4 ,*a ]dabn b*V Wp+Sb a,\p 31ZdE V*V a*Y\-\ a1+qE* 31Z1 aW1/d1b -Wd+\V\ d,*3*bn Yd3*x L'�D 9B77MD

�˚��B <;E 7

� % �% ��˚��H

��

�*VS1 `\WS �\- \b,1W Yd3dS 31Z1H

��

�\h1Yd , +`*V1 b*V ,*3ZmWp+\,n S Z13Z\abnH

��

�*V �S+WSq ]\Y\-*1b`*4`1j*bn b`d/Z\abSE,\4ZSV*pkS1 , +`*V1H

57

58 ��˝˚��) ��")

+`*V1 Z1 \+\ybSan +14 Z13Z\y ]`S,qO4*ZZ\abS L-`1hD eSW ‹S*MDd,ab,1ZZ*q WpO+\,n L ‹o`\aM /\ab*,Wq1b Z*aW*3/1ZS1E *V\-/* `\3/*pbaq /1bSE , a1Yn1 ,*3Z\]`\q,Wqbn Wp+\,nE \aZ\,*ZZdp Z* `\/Oab,1ZZmf hd,ab,*f Lab\`- ‹1MD �\ ah*abn1 ,+`*V1 , ]1`,dp \h1`1/n 4*,SaSb \b Wp+O,SE \aZ\,*ZZ\y Z* ]`SZgS]*f L*- ‹*]1MD�+ ob\y Wp+,S *]\ab\W �*,1W Z*]Sa*WBw�*3/myS4 ,*a ]dabnb*V Wp+Sb a,\p31OZdE V*V a*Y\-\ a1+qE * 31Z1 aW1/d1b -WdO+\V\ d,*3*bn Yd3*x L'eD 9B77MD

� �˚ �� ˚˙˚�% ��7 �*,1W ]Sa*WB w�d3nqE Z1 ]1`1ab*,*yO

b1 Wp+Sbn a,\Sf 31ZE V*V S �`Sab\a ,\4OWp+SW a\+`*ZS1 S \b/*W a1+q 4* Z1-\xL'eD 9B69MD b\+m ]\/`*3*bn ]`SY1`d Sada*E f`SabS*Z*Y Zd3Z\ Wp+Sbn /`d-/`d-*E b*V 31 V*V \Z Wp+SW SfD L˛*hSb*y�\*ZZ* 57B78E 79C 59B56E 57DM f`SabSO*ZaV\y a1Yn1 Wp+\,n /\W3Z* +mbn Z*Oab\WnV\ aSWnZ\yE hb\E 1aWS ]\b`1+d1baqE\Z* ]\+d/Sb ad]`d-\, \b/*bn 3S4Zn /`d-4* /`d-*D �\ V\-/* , a1Yn1 ,\4ZSV*pb a1O`n14Zm1 `*4Z\-W*aSqE Yd3 S 31Z* ,`q/WS +d/db -\b\,m ]\ybS Z* ob\D �/Z*V\Wp+\,n *- ‹*]1 w,a1 ]1`1Z\aSbE ,a1Yd ,1O`SbE Z* ,a1 Z*/11baqE ,a1 ab\yV\ ]`1Ob1`]1,*1bxD �Z* wZSV\-/* Z1 ]`\f\/SbxL5 �\`D 57B;E <MD ˚aWS +\-\+\q4Z1ZZm1 adO]`d-S ,a1-/* +d/db ]\YZSbnE hb\ ]\VWqOWSan Wp+Sbn /`d- /`d-* S f`*ZSbn ,1`OZ\abnE b\ a ]\Y\knp Z1]`1,4\y/1ZZmf]`SZgS]\, �\-* \ZS ]`1\/\W1pb Wp+m1b`d/Z\abSD8 \b hb\ aV*4*W �*,1W \+ \b,1/1ZZmf

Yd3d S 31Z1 `\WqfB w˝1Zm ]dabn ]\/hSOZqpbaq a,\SY Yd3nqYE V*V �\a]\/dE ]\O

7D *aV\WnV\ aSWnZ\y /\W3Z* +mbn Wp+\,nY13/d Yd31Y S 31Z\yH8E 9D *M � h1Y 4*VWph*1baq `\Wn Yd3*V*V -W*,mH +M �*V 31Z1 aW1/d1b \bZ\aSbnOaq V -W*,1Zab,d Yd3*H ,M �*VS1 S4Y1Z1ZSq]`SjW\an ]`1/]`SZqbn \/Z\y ad]`d31aV\y]*`1H

b\Yd hb\ Yd3 P -W*,* 31ZmE V*V S �`SOab\a P -W*,* a\+`*ZSq S a]*aSb1Wn ob\-\b1W*x L'eD 9B66E 67MD �\Z1hZ\E ob\ Z1\4Z*h*1bE hb\ ]\W\31ZS1 31Zm ZS31E h1Y]\W\31ZS1 Yd3*D �W1/dq ob\Yd ]`SZgSO]dE 31Z* Y\31b ,m]\WZqbn bd `\WnE V\b\O`dp \b,1W 1y �\-E V\-/* aV*4*WB w�1Of\`\j\ h1W\,1Vd ��/*Yd� +mbn \/Z\YdD�\4/*Y 1Yd ]\Y\kZSV*E V\b\`my +mW +m1Yd /\]\WZ1ZS1Yx L�mbD 6B5<MD �\/\+Z\b\Yd V*V ]`\q,Wq1b Wp+\,n �`Sab\a Pw-W*,* a\+`*ZSqxE Yd3Of`SabS*ZSZ /\WO31Z ,m]\WZqbn `\Wn -W*,m a Wp+\,npD�\-/* 31Z* +d/1b hd,ab,\,*bn a1+q V*V 4*V*Y1ZZ\y ab1Z\yE S 1y +d/1b ]`SqbZ\d,*3*bnE ]\//1`3S,*bn a,\1-\ Yd3* S]\/hSZqbnaq 1YdD9 �`SabS*ZV* ]\ SY1ZS �obS5 ]`S4Z*O�1baqE hb\ ]\aW1 4*Yd31ab,* 1y ]`SjW\anYZ\-\1 , a1+1 S4Y1ZSbnB w˙\ +`*V* q ZS\b V\-\ Z1 4*,Sa1W* S 4*+\bSW*an \ a1+1a*Y*D �\aW1 a,*/n+m YZ1 Zd3Z\ +mW\]1`1ab`*S,*bnaqE hb\+m Z*dhSbnaq ]\W*O-*bnaq Z* Yd3*D �\Z1hZ\E ]\`\y +mW\ Z1OW1-V\E Z\E ]\abd]*q b*VE V*V dhSb 1-\,*EYm \h1Zn a+WS4SWSan /`d- a /`d-\YxD� ,\b hb\ -\,\`Sb 11 Yd3 �`1/B w�Z1,a1-/* +mW\ Z1]`\ab\ ]`SZSY*bn `1j1OZSqD +`*V1 31 ob\ ab*W\ ,/,\yZ1 aW\3OZ11E ,1/n b1]1`n Zd3Z\ +mW\ dhSbm,*bnYZ1ZS1 1k1 \/Z\-\ h1W\,1V*D �\ q ]\Oab\qZZ\ Y\Wpan 1-\,1 \ `dV\,\/ab,1S ]`SaWdjS,*pan V YZ1ZSp 31ZmE S aV*3/mY /Z1Y ,m]\WZqbn a,\p `\Wn ab*OZ\,Sbaq ,a1 ]`\k1D ) hd,ab,dpE hb\ Ym\/Z* V\Y*Z/*Ix: �`\hZmy +`*V P ob\ a\p4 /,df

Wp/1yE V\b\`m1 -\b\,m YS`Sbnaq a Z1O/\ab*bV*YS /`d- /`d-*D �ZS ]`\q,WqOpb b1`]SY\abn S ,1WSV\/djZ\ ]`\k*pbD�\Z1hZ\E S Yd3E S31Z* a\,1`j*pb\jS+OVSD �\ \jS+VS Y\3Z\ `*aaY*b`S,*bn V*V,\4Y\3Z\abn h1YdOb\ Z*dhSbnaqE ,1WSV\O

:D �*V Wp+\,nE wa\,1`j1ZZm1 d4m 1/SZabO,*xE ]\Y\-*1b `*4`1j*bn b`d/Z\abS , +`*V1H

�� 6>5: 59

/djZ\ ]`\k*bn S , ]\WZ\y Y1`1 ]`\q,OWqbn Wp+\,n P wa\,1`j1ZZm1 d4m 1/SZOab,*x L�\WD 7B57E 58MD �`\Y1 b\-\EwWp+\,n/\W-\b1`]1WS,* S /\+`*xD �Z* wZ1 ,1/1bah1b \+S/*Yx L5 �\`D 57B8E 9MD ˚aWS ,\4OZSVW\ Z1/\]\ZSY*ZS1E Zd3Z\ V*V Y\3Z\aV\`11 ,a1 dW*/SbnD �d]`d-*YOf`SabS*OZ*Y ,*3Z\ ab*`*bnaq `*4`1j*bn `*4Z\O-W*aSq , b\b 31 /1Zn L'eD 8B6:E 6;MD b\O+m SaV`1ZZ1 aV*4*bnB w�`\abSE hb\ \+SO/1W b1+qxE Zd3Zm aYS`1ZS1 S aY1W\abnEZ\ +14 ob\-\ Z1,\4Y\3Z\ `1jSbn ,\4ZSVOjS1 b`d/Z\abS S ab*bn 1k1 +WS31D

��˙� ��˚�� ˝��˚˝��&

; �S+WSS /*pbaq Yd/`m1 a\,1bmE ]\OY\-*pkS1 ad]`d-*Y SY1bn ]`*,SWnZmy,4-Wq/ Z* SZbSYZm1 \bZ\j1ZSqD L˛*OhSb*y 5 �\`SZeqZ*Y ;B7P9DM ob\y\+W*abS V`*yZ1 ,*3Z\ +mbn /1WSV*bZmOYS S hdbVSYS V ]\b`1+Z\abqY /`d- /`dO-*D ˚aWS Yd3 Z1/\ab*b\hZ\ Z131Z a 31OZ\yE ob* ab\`\Z* 3S4ZS Z1 +d/1b ]`SZ\OaSbn 1y d/\,\Wnab,SqD �d3nq /\W3Zm\+`*k*bnaq a\ a,\SYS31Z*YS wa\-W*aZ\4Z*ZSpx L5 �1bD 7B;MD �1Wn4q ]`SZd3/*bna,\1-\ a]dbZSV* 3S4ZS V a1Vad SWS Z*Oab\yhS,\ 1-\ b`1+\,*bnD ˝1W*ZS1 +WS4\OabS /\W3Z\ +mbn ,4*SYZmYD � Yd3hSZEV*V ]`*,SW\E ]\W\,\1 ,\4+d3/1ZS1 Z*Oabd]*1b +mab`11E h1Y d 31ZkSZD Wp+\YaWdh*1 ,`1Yq /Wq eS4Sh1aV\y +WS4\abS/\W3Z\ +mbn ]\/f\/qkSY /Wq \+\SfD< �S+WSS Z1 db\hZq1baqE V*VS1 SY1ZO

Z\ Wp+\,Zm1 W*aVS /\]dabSYm ,\ ,`1OYq +WS4\abS LV\Z1hZ\E \ZS Z1 /\W3Zm+mbn ]`\bS,\1ab1ab,1ZZmYSMD �/Z*V\ ,Z1y -\,\`Sbaq \ ]`\q,W1ZSqf Z13Z\abSL�1aZn 5B6C 6B:MD �d]`d-*YOf`SabS*Z*YZd3Z\ +mbn /`d- V /`d-d hdbVSYS S Z13OZmYSD

;E <D *M �*VS1 a\,1bm /*pbaq , �S+WSS \bOZ\aSb1WnZ\ SZbSYZmf \bZ\j1ZSy , +`*V1H+M �\h1Yd Yd3d S 31Z1 ,*3Z\ +mbn /`d- V/`d-d hdbVSYS S Z13ZmYSH

= �SWnZ*q Wp+\,n V �\-d S +WS3Z1YdZ1 /*ab ad]`d-*Y ]\4,\WSbn V\YdOb\ SWSh1YdOb\ \aW*+Sbn d4m Sf +`*V*D �bZ\j1OZSq , Z1V\b\`mf a1Ynqf +mWS Sa]\`h1ZmSWS `*4`dj1Zm S4O4* b\-\E hb\ \/SZ S4ad]`d-\, ]`Sab`*abSWaq V ]\`Z\-`*eSSD*3Z\ bdb 31 ]`1a1V*bn Wp+\y SZb1`1aV ]\`Z\-`*eSS S ,aqV\1 31W*ZS1 d/\,OW1b,\`Sbn a1Vad*WnZm1 ]\b`1+Z\abS ,Z1+`*V*D �WS`b P S /*31 ]\,1/1ZS1E V\b\O`\1 Y\3Z\ 4* Z1-\ ]`SZqbnEP a,S/1b1WnOab,d1b \ Z1/\ab*bV1 Wp+,SD �d3Z\ `1jSOb1WnZ\ ob\-\ S4+1-*bnD ˚aWS Ym ]\YZSYEhb\ �\- 4Z*1b ,a1 Z*jS YmaWS S /1W*E ob\daSWSb Z*j131W*ZS1 aWdj*bnaq 1-\S a\Of`*Zqbn Z`*,ab,1ZZdp hSab\bdD L˛*hSOb*y �*be1q 9B6;E 6<C ˚,`1qY 8B57DM

��˙� � ��˙ ��˛�•5> ˚aWS , +`*V1 ]\ab\qZZ\ ,\4ZSV*pb

a1`n14Zm1 `*4Z\-W*aSqE Vb\Ob\ S4 ad]`dO-\, SWS \ZS \+* Y\-db `1jSbnE hb\ 1/SZOab,1ZZmy ,mf\/ P ob\ `*4/1WnZ\1 3SOb1Wnab,\ SWS `*4,\/D Z1V\b\`mfab`*Z*f +\Wnj1 ]\W\,SZm +`*V\, 4*V*ZOhS,*pbaq `*4,\/\YD Z*`\/1 �\-* aSbd*OgSq Z1 Z*ab\WnV\ ]1h*WnZ*qE \/Z*V\ ,mO4m,*1b +1a]\V\yab,\ b\E hb\ f`SabS*Z1,a1 h*k1 ab*WVS,*pbaq a +\WnjSYS b`d/OZ\abqYS , +`*V1D55 �S+WSS -\,\`SbaqB w˝1Z* Z1 /\WO

3Z* df\/Sbn \b Yd3*E Z\ 1aWS ,a1 31 dyO/1bE b\ ]dabn \ab*1baq Z14*Yd3Z1y SWS ]\OYS`Sbaq a Yd31YD Yd3 Z1 /\W31Z \ab*,OWqbn31Zdx L5 �\`D ;B5>E 55MD �`*4/1WnZ\Yd3Sb1Wnab,d Z1Wn4q \bZ\aSbnaq W1-V\YmaOW1ZZ\D �\bq `*4/1WnZ\1 3Sb1Wnab,\ Y\O31b V*4*bnaq W1-VSY `1j1ZS1Y a1`n14Zmf

=D �\h1Yd /Wq f`SabS*ZSZ* Z1/\]dabSY\]`\q,Wqbn a1Vad*WnZmy SZb1`1a V V\YdOb\]\YSY\ a,\1-\ a]dbZSV* 3S4ZSH5>E 55D *M *aV\WnV\ h*ab\ `*a]*/*pbaq+`*VSH +M �b\ , �S+WSS -\,\`Sbaq \ `*4O/1WnZ\Y 3Sb1Wnab,1H ,M �b\ ]\Y\31b Yd3dSWS 31Z1 Z1 ]`SZSY*bn ]\a]1jZ\1 `1j1ZS1\ `*4/1WnZ\Y 3Sb1Wnab,1H

5: ��˝˚��) ��")

]`\+W1YE h*ab\ \Z\ ]`S,\/Sb V 1k1 +\WnOjSY b`d/Z\abqYD �\,b\`S, aW\,* �\-* \b\YE hb\ h1W\,1V \ab*,Sb a,\1-\ \bg* SY*bn S ]`SW1]Sbaq V a,\1y 31Z1E SadaaV*4*WB wb\ �\- a\1/SZSW \/ZSY q`Y\YEb\ h1W\,1V Z1 /\W31Z `*4/1Wqbnx L�*beD5=B7P:C �mbD 6B68MD 'b\ \4Z*h*1bE hb\ ZSYd3E ZS31Z* Z1 /\W3Zm `*4/1Wqbnb\Ehb\a\1/SZSW �\-D 1-\,* \bZ\aSbaq V +`*VdV*V V a\p4d Z* ,ap3S4Zn L5 �\`D ;B7=MD ˚aOWS ad]`d-S ]\YZqbE hb\ V*3/my h1W\,1V/*ab \bh1b ]1`1/ �\-\YE \ZS +d/db ab*O`*bnaq `1j*bn ]`\+W1Ym V*V Y\3Z\ +mOab`11E hb\+m \ZS Z1 ]1`1`\aWS ,\ hb\Ob\+\W11 a1`n14Z\1D56 V\`Z1 Z1V\b\`mf a1Y1yZmf ]`\O

+W1Y Y\-db W13*bn Z1`1*WSabShZm1 \3SO/*ZSqD �\-/* Y1hbm \ ah*abWS,\Y +`*V1Z1 a+m,*pbaqE h1W\,1V Y\31b hd,ab,\O,*bn a1+q \+Y*ZdbmYE Sa]mbm,*bn Z1O/\,\Wnab,\ S /*31 4W\abnD �*4Z\-W*aSqY\-db ,\4ZSV*bn Z* ]\h,1 `*4WShSy ,oY\gS\Z*WnZ\Y ]W*Z1E `*4Z\-\ ,\a]Sb*OZSqE /1Z1-E \bZ\j1ZSy a `\/ab,1ZZSV*YSS `*4WShZmf ,4-Wq/\, Z* ,\a]Sb*ZS1 /1Ob1yD �/Z*V\ /\ab\yZ\ ]\f,*Wm b\E hb\+\WnjSZab,\ a\ab\qkSf , +`*V1 f`SabSO*ZE `dV\,\/ab,dqan �\3nSYS ]`SZgS]*OYSE ]`Sf\/qb V ,4*SYZ\Yd a\-W*aSp ,obSf Z1]`\abmf ,\]`\a*fD57 ˚abn SaVWphSb1WnZm1 aWdh*SE V\-O

/* `*4/1WnZ\1 3Sb1Wnab,\ \]`*,/*ZZ\D� ZSY\bZ\aqbaq Z*Y1`1ZZmy\bV*4 4*+\ObSbnaq \ a1Yn1E V`*yZ131ab\V\1 \+`*k1OZS1E a1`n14Z*q d-`\4* /df\,Z\Yd +W*-\O]\WdhSpD b*VSf aSbd*gSqf Z1V\b\`m1f`SabS*Z1 ]`SZSY*pb `1j1ZS1 3Sbn \bO/1WnZ\ \b a]dbZSV* 3S4ZSD ˚aWS d f`SOabS*Z ,\4ZSV*pb a1`n14Zm1 ]`\+W1Ym ,+`*V1E SY Zd3Z\ \+`*bSbnaq 4* ]\Y\knpV ab*`1yjSZ*YD 'bS /df\,Z\ 4`1Wm1 +`*O

56D �b\ Y\31b ]\/b\WVZdbn Yd3* SWS 31Zd VYmaWS \ `*4/1WnZ\Y 3Sb1Wnab,1H57D � V*VSf aWdh*qf `*4/1WnZ\1 3Sb1Wnab,\\]`*,/*ZZ\H

bnq Y\-db ]\/aV*4*bn ad]`d-*YE V*V aW1O/\,*bn a\,1b*Y S4 �\3n1-\ �W\,*D �d3dS 31Z1 b*V31 ,*3Z\ Y\WSbnaq 1-\,1 \a,qb\Y /df1 S ]`\aSbn 1-\ \ ]\Y\kS ,b\YE V*V ]`SY1Zqbn +S+W1yaVS1 ]`SZgSO]m S V*V ]`\q,Wqbn V*h1ab,*E a\ab*,WqpOkS1 ]W\/ /df* L�*WD 9B66E 67M6D58 �1V\b\`m1 f`SabS*Z1 a\ab\qb , +`*O

V1 a b1YSE Vb\ 1k1 Z1 aWd3Sb 1-\,1D �S+WSS ]`S,\/qbaq ,1aVS1 ]`ShSZmE ]\Oh1Yd b*VS1 f`SabS*Z1 /\W3Zm \ab*,*bnOaq a\ a,\SY a]dbZSV\Y 3S4ZSD L˛*hSb*y5 �\`SZeqZ*Y ;B56P58DM1W\,1VE V\b\O`my a\ab\Sb , +`*V1 a\ aWd3Sb1W1Y �\O-*E w\a,qk1ZxE \a\4Z*1b \Z ob\ SWS Z1bD�\-/* , b*V\y a1Yn1 `\3/*pbaq /1bSE\ZS ahSb*pbaq wa,qbmYSx S Z*f\/qbaq]\/ �\3n1y 4*kSb\yD �*,1W ]Sa*WB w˝1OZ*E \bVd/* bm 4Z*1jnE Z1 a]*a1jn WSYd3*H WS bmE Yd3E \bVd/* 4Z*1jnE Z1a]*a1jn WS 31ZdHx L5 �\`D ;B5:MD �\hbS, V*3/\Y a\+`*ZSS �,S/1b1W1y 1-\,m1abn b1E Vb\ ]\Y\- a,\1Yd a]dbZSVd 3S4OZS ab*bn Z* ]dbn a]*a1ZSqD59 �]\ab\W �1b` ]`S4m,*W f`SabS*ZO

aVSf 31ZB wmE 31ZmE ]\/hSZqyb1an a,\OSY Yd3nqYE hb\+m b1E Vb\ Z1 ]\,SZdpbaqaW\,dE +14 aW\,* +mWS 4*,\1,*Zm ,*jSY]\,1/1ZS1YE Z*+Wp/*q 4* ,*jSY hSabmY]\,1/1ZS1Y S ,S/q ,*j1 -Wd+\V\1 d,*31OZS1xD �`\q,Wqq wa]\V\yZmy S V`\bVSy/dfE V\b\`my \h1Zn g1Z1Z , -W*4*f �\-*xE31Z* aV\`11 ]\+d/Sb a,\1-\ Yd3* ]`Sa\O1/SZSbnaq V Z1y , aWd31ZSS �\-dE h1Y 1aOWS +m \Z* g1WmYS /ZqYS -\,\`SW* 1Yd \a,\1y ,1`1 L5 �1bD 7B5P8MD5: �hb\E 1aWS Z1O�,S/1b1Wn f\h1b dybS

\b a,\1-\ ,1`dpk1-\ a]dbZSV* 3S4ZSH �S+WSS -\,\`SbaqB w˚aWS Z1,1`dpkSy

58D �b\ �S+WSq a\,1bd1b f`SabS*Z*YE a\ab\OqkSY , +`*V1 a b1YSE Vb\ Z1 aWd3Sb �1-\,1H59E 5:D *M �b\ �S+WSq a\,1bd1b 31Z*YOf`SOabS*ZV*YE hnS Yd3nq Z1 aWd3*b �\-dH +M �*V+mbn f`SabS*ZSZdE w1aWS Z1,1`dpkSy df\O/SbxH

df\/SbE ]dabn df\/SbC , b*VSf \+ab\qOb1Wnab,*f +`*b SWS a1ab`* Z1 a,q4*Zm\+q4*b1Wnab,*YSD �\- ]`S4,*W ,*a V YSO`dx L5 �\`D ;B59MD �\Z1hZ\E ob\ Z1 4Z*hSbEhb\ , b*V\Y aWdh*1 d f`SabS*ZSZ* ]\q,OWq1baq +S+W1yaV\1 \aZ\,*ZS1 /Wq ,abd]OW1ZSq , Z\,my +`*VE Z\ \Z S Z1 \+q4*Z ,\hb\ +m b\ ZS ab*W\ ]mb*bnaq d/1`3*bna,\1-\ a]dbZSV* 3S4ZSD �*4/1WnZ\1 3SOb1Wnab,\ Y\31b , V*V\yOb\ Y1`1 ,1`ZdbnYS` S a]\V\yab,S1D �*V31 d f`SabS*ZSOZ* 1abn Z*/13/*E hb\ \ab*,S,jSy 1-\a]dbZSV 3S4ZS \/Z*3/m ,1`Z1baqE 31OW*q ,\aab*Z\,Sbn \bZ\j1ZSqE S V\-/*OZS+d/n ab*Z1b aWd3Sbn 1-\,1D

�� ˚ ��˝�˚˚ ��˚��5; �m 3S,1Y Z* Saf\/1 ]\aW1/ZSf

/Z1yE , wZ1\+mh*yZ\ b`d/Zm1 ,`1Y1Z*xL6 �SYD 7B5P9MD �/Z*V\E 1aWS Ym V`1]VS/df\,Z\E b\ aY\31Y ]`\bS,\ab\qbn ,WSqOZSp ob\-\ YS`*D �*,1W ]Sa*WB w�ab*,Oj11aq ,`1Yq a\V`*bSW\anD �bZmZ1 ]dabn

5;D �b\ /Wq f`SabS*ZaVSf ]*` /\W3Z\ +mbn,*3Z11 ,a1-\H

SY1pkS1 31Z +d/db V*V Z1 SY1pkS1DDDS ]\Wn4dpkS1aq YS`\Y P V*V Z1 ]\WnO4dpkS1aq SY , ]\WZ\y Y1`1x L5 �\`D;B6=P75MD �*,1W Z1 ]`S4m,*W ad]`d-\,4*+mbn \ a,\Sf a1Y1yZmf \+q4*ZZ\abqfD ,a1 31E dhSbm,*qE hb\ ,`1Yq a\V`*bSOW\anE SY Zd3Z\ ab*,Sbn ,\ -W*,d d-W* /dOf\,Zm1 4*ZqbSq L�*beD :B77MD5< �\bq , obS bq31Wm1 ,`1Y1Z* YZ\-S1

+`*VS b1`]qb V`*fE \+`1abS ah*abn1 , a1OYn1 ,\4Y\3Z\D ˚aWS a\ab\qkS1 , +`*V1f`SabS*Z1 aWd3*b 1-\,1 ,Y1ab1 a 1-\ Z*O`\/\YE ]`SY1Zqpb +S+W1yaVS1 a\,1bm SaW1/dpb `dV\,\/ab,d �\3n1-\ a,qb\-\/df*E \ZS aY\-db a\f`*ZSbn b\E whb\ �\-a\1/SZSW \/ZSY q`Y\Yx L�*`D 5>B=MD

5<D �W*-\/*`q h1Yd f`SabS*Z1 Y\-db +mbnah*abWS,m , +`*V1H

˚aWS d/1Wqbn]1`,\ab1]1ZZ\1

,ZSY*ZS1 /df\,Z\YdE+`*V ab*Z1b +\W11

V`1]VSY S ah*abWS,mYL�Y\b`Sb1 *+4*g 5;DM

��

��˚��)B5 �+4*g 9D �Y1Z* S4Y1Z1ZmD6 �+4*g 57D �Y\b`Sb1 VZS-d w�\f`*Zqyb1 a1+q ,�\3n1y Wp+,SxE ]`SW\31ZS1 w�\hV* 4`1ZSq �S+OWSS Z* `*4,\/ S `*4/1WnZ\1 3Sb1Wnab,\xE ab`*OZSgm 65=P665D

�� 6>5: 5;

��O�� aYmaW1 ]`SW13Zm1 SaaW1/\,*b1OWS �S+WSS ]\/\+Zm 4\W\b\SaV*b1WqYD Y Zd3Z\]`\q,Wqbn da1`/S1 S ]\ab\qZZ\ S4dh*bn �Sa*ZS1Eab`1Yqan \bmaV*bn +1ag1ZZdp Yd/`\abnD ˙*,*yb1`*aaY\b`SY b`S a]\a\+* /\+mhS 4\W\b* S ]\/dY*O1YE h1Yd Ym Y\31Y S4 ob\-\ Z*dhSbnaqD

�% ��"�� ˛��• ��˙�

�`1/ab*,nb1E hb\ ,m S/1b1 ]\ +1`1-d `1VS S,/`d- 4*Y1h*1b1 V`d]SZVdE V\b\`*q ]\+W1aVS,*1bZ* a\WZg1D m Z*VW\Zq1b1an S ]\ZSY*1b1E hb\Z*jWS V`\j1hZmy 4\W\b\y a*Y\`\/\VI \b b*Vd/*h*I 'b\ 41`ZmjV\ Y1Znj1 a]Sh1hZ\y -\W\,VSE* Z*ybS 1-\ aW\3Z11E h1Y *WY*4 ,maj1-\ V*h1ab,*D�\Z1hZ\E ,m a`*4d aY\b`Sb1 ,\V`d-B Z1b WS `q/\Y/`d-Sf a*Y\`\/V\,D\4Y\3Z\E Z1hb\ ]\f\311 ]`\S4\jW\ , b\b

/1ZnE V\-/* , ,*jd /,1`n ]\4,\ZSW aWd3Sb1Wn 1O-\,mE V\b\`my f\b1W ]\4Z*V\YSbn ,*a a +S+W1yOaV\y ,1abnp Z*/13/mD �*,1`ZqV* , ,*j1y ]*YqbSZ*,a1-/* \ab*Waq b\b Y\Y1ZbE V\-/* ,mE \+`*4Z\-\,\`qE Z*jWS , �S+WSS a,\y ]1`,my wa*Y\`\O/\VxD�\31b +mbnEb\-/* ,m ,]1`,m1 d,S/1WS ,�SOa*ZSS �\3n1 SYqE 1-\,* L�aD <7B5<MD WS d4Z*WSE

hb\ Y\31b1 ab*bn /`d-\Y 1-\,m L *VD 6B67MD �V\O`11 ,a1-\E ,m bdb 31 ]\ZqWSE hb\ Z*jWS Z1hb\ +\OW11 g1ZZ\1E h1Y 4\W\b\D ,*Y \h1Zn 4*f\b1W\an\bmaV*bn 1k1 +\Wnj1 b*VSf wa*Y\`\/V\,xD

��%�� ˛��

Z\-/* 4\W\b\ Z*V*]WS,*1baq , `dhnqf S `1V*f, ,S/1 V`\j1hZmf 41`1Z S h1jd1VD 'b\ b*V Z*4mO,*1Y\1 `\aam]Z\1 4\W\b\D a1-\ 4* \/SZ a14\Zb`d/\Wp+S,m1 ab*`*b1WS Y\-db Z*ybS , b*VSf Y1Oab*f Z1aV\WnV\ VSW\-`*YY\, 4\W\b* ab\SY\abnp ,/1aqbVS bmaqh /\WW*`\,D�*h*, S4dh*bn �S+WSp a\ �,S/1b1WqYS 1-\,mE

,mE ,1`\qbZ\E hd,ab,\,*WS a1+q V*V 4\W\b\SaV*Ob1WnE Z*j1/jSy +\-*b\1 Y1ab\`\3/1ZS1 4\W\b*Dm hSb*WS abSf 4* abSf\Y SE `*4YmjWqq Z*/ ZSYSE\+`1b*WS ,a1 +\Wnj1 4Z*ZSyE V\b\`m1 /df\,Z\\+\-*k*WS ,*aD �a1`/Z\ ]\abS-*q obS /`*-\g1ZOZm1 +S+W1yaVS1 SabSZmE ,m d4Z*WSE V*V ]`S+WSO4Sbnaq V 1-\,1 S a\f`*Zqbn a1+q , 1-\ Wp+,SEhb\O+m \+`1abS ,1hZdp 3S4Zn L *VD 8B<C d/m 6>E 65MD�*V 31 V*V ab*`*b1WS Skdb Y1ab\`\3/1ZSq `\aO

am]Z\-\ 4\W\b*E ,m ]`SW*-*WS daSWSqE hb\+mZ*ybS g1ZZm1 /df\,Zm1 a\V`\,Sk*D �4Z*, \aZ\,O

�kSb1 b\Ehb\ g1ZZ11 4\W\b*�m V\-/*OZS+d/n Z*f\/SWS 4\W\b\ya*Y\`\/\VH �Sjn Z1YZ\-S1 \b,1bqb w/*xD/Z*V\ YSWWS\Z*Y Wp/1y d/*W\an Z*ybSZ1hb\ +\W11 g1ZZ\1 P �\3np Yd/`\abnEV\b\`dp wZ1 \+Y1ZqbnDDD Z* hSab\1 4\W\b\xL�\, 6<B56E 59MD

5< ��˝˚��) ��")

�� 6>5: 5=

Zm1 +S+W1yaVS1 SabSZmE ,mE aV\`11 ,a1-\E Z1\ab*Z\,SWSan Z* ob\YE * a/1W*WS /*WnZ1yjS1 j*O-SE hb\+m ]\a,qbSbnaq �\-d S V`1abSbnaq L�*beD6<B5=E 6>MD

��˙��˝�•�˚ �� &I

YSV`\aV\]Sh1aVSf V\WSh1ab,*f 4\W\b\ Y\3Z\Z*ybS , ,dWV*ZSh1aVSf ]\`\/*fD ab`1h*pbaq Y1aOb\`\3/1ZSqE -/1 ob\-\ /`*-\g1ZZ\-\ Y1b*WW* a\O/1`3Sbaq /\ab*b\hZ\E hb\+m Z*h*bn /\+m,*bn `dO/dE V\b\`dp /`\+qb S S4 V\b\`\y 4*b1Y ,m/1Wqpb4\W\b\D �* ]1`,my ,4-Wq/ Y\31b ]\V*4*bnaqE hb\ZSV*V\-\ 4\W\b* , `d/1 Z1bD �\h1YdH �\b\Yd hb\ ,b\ZZ1 a*Y\y V*h1ab,1ZZ\y `d/m a\/1`3Sbaq WSjn\V\W\ >E7 b`\yaV\y dZgSS L5> -`*YY\,M 4\W\b*I ,a1 31 4\W\b\SaV*b1W1y ob\ Z1 \ab*Z*,WS,*1bD�\hZ\ b*V 31 ,*Y Z1\+f\/SY\ ]`SW*-*bn daSWSq

S ]\aW1 b\-\E V*V ,m ]\abS-WS wZ*h*WnZm1 dh1ZSq\ �`Sab1x L˚,`D :B5E 6MD \ ,`1Yq S4dh1ZSq �S+WSSZd3Z\ Z1 3*W1q aSW \bmaVS,*bn Z\,m1 YmaWS SS4,W1V*bn ]`*VbSh1aVS1 d`\VS S4 ]`\hSb*ZZ\-\Db\ Y\3Z\ ]`1/]`SZqbnE hb\+m S4dh1ZS1 �S+WSSS /*Wnj1 ]`SZ\aSW\ ,*Y ]\Wn4dE /*31 1aWS ,mS4dh*1b1 11 d31 -\/*YSH

�1 b1`qyb1 bq-S V 4Z*ZSqYD �+`*k*yb1 \a\+\1,ZSY*ZS1 Z* /1b*WSD �`\/\W3*yb1 ]`SW*-*bndaSOWSqE S ,m \+q4*b1WnZ\ Z*y/1b1 , �S+WSS /`*-\Og1ZZm1 wa*Y\`\/VSx P �\3np Yd/`\abn S Z*ab*,OW1ZS1 L�SYD 55B77MD b\+m ]`S\+`1abS +\Wnj14Z*ZSy S4�Sa*ZSqE Sa]\Wn4dyb1 ,a1 SZab`dY1Zbm/Wq SaaW1/\,*ZSqE /\abd]Zm1 Z* ,*j1Y q4mV1D�1`]1WS,\ SkSb1 , �S+WSS Zd3Zm1 ,*Y a\,1bmS ]`SZgS]mE * b*V31 \b,1bm Z* a,\S ,\]`\amD Zb1`1adyb1an d /`d-SfE V*VS1 +S+W1yaVS1 abSfSS ab*bnS S4 3d`Z*W\, Sf \a\+1ZZ\ ]\//1`3*OWS S \+\/`SWSD ˙1WSb1an a /`d-SYS b1YE hb\,*Y d/*W\an d4Z*bn ,\ ,`1Yq S4dh1ZSq �\3n1-\�W\,*D�14daW\,Z\E ,*j* g1Wn P Z1 ]`\ab\ Z*V\]Sbn

]\+\Wnj1 4Z*ZSyD �]\ab\W �*,1W ]`1/d]`13/*WEhb\ w4Z*ZS1 /1W*1b Z*/Y1ZZmYx L5 �\`D <B5MD �\Oob\Yd ]`SW*-*yb1 daSWSqE hb\+m \ab*,*bnaq aYSO`1ZZmYSS V`1]VSYS , ,1`1D �1-dWq`Z\1 a1Y1yZ\1]\VW\Z1ZS1 S WShZ\1 S4dh1ZS1 �S+WSS ]\Y\-db,*Y 3Sbn , a\-W*aSS a Z\`Y*YS 1-\,m S ]\+d/qb,*a ]`\q,Wqbn V /`d-SY Wp+\,nD �\W11 b\-\E ,m\+`1b1b1 `*/\abnE ,1/n ,m Z*jWS b\E hb\ g1ZZ114\W\b* L�`SbD 7B57E 58MD

bmaVS,*1b1 WS ,m/`*-\g1ZZm1 +S+W1yaVS1SabSZm b*V 31 da1`/Z\E

V*V ab*`*b1WS Skdb 4\W\b\H

w�� ]`\S4\y/1b bmaqh*E S \b a*Y\-\ Z14Z*hSb1WnZ\O-\ P aSWnZmy Z*`\/x L aD :>B66MD 'b\ ]`\`\h1ab,\ Sa]\WZq1bOaq a1-\/ZqE , ]\aW1/ZS1 /ZSD b1h1ZS1 6>59 aWd31+Z\-\ -\/*,\4,1k*b1WqYS �*`ab,* ,\ ,a1Y YS`1 aWd3SW\ < 66> 5>9 h1W\O,1VI �\E hb\ -\,\`Sbaq , ]`\`\h1ab,1 /*Wnj1E /\W3Z\ 4*b`*-SO,*bn V*3/\-\ f`SabS*ZSZ*D �*j Z1+1aZmy �b1g \+1k*1bB w)E 1-\,*E daV\`p ob\ , a,\1 ,`1YqxD �W\,Z\ ]*aa*3S`m ab`1YSOb1WnZ\ `*4-\Zqpk1-\aq ]\14/*E Ym hd,ab,d1YE V*V /1W\ ]\/-\Ob\,VS dh1ZSV\, +mab`\ Z*+S`*1b aV\`\abnD �*V ob\ daV\`1ZS1/\W3Z\ ,WSqbn WShZ\ Z* Z*aH �*aV\WnV\ `1,Z\abZ\ Ym dh*Oab,d1Y , ]`\,\4-W*j1ZSS ,1abS \ �*`ab,1H �Z\-S1 +`*bnq Sa1ab`m aWd3*b ]S\Z1`*YS S ]\/a\+ZmYS ]S\Z1`*YSD � V*V 31`*/\abZ\ ,S/1bnE aV\WnV\ h1W\,1V \bVWSV*1baq Z* ]`S4m, aWdO3Sbn b*YE -/1 Z1 f,*b*1b ,\4,1k*b1W1yE SWS dh*ab,\,*bn , /`dO-Sf b1\V`*bSh1aVSf ]`\1Vb*fI6 ,a131 `*+\bZSV\, b`1+d1baq ,a1 +\Wnj1D �*3/my -\/ \+O

`*4d1baq ]`SY1`Z\ 6 >>> a\+`*ZSyDb\+m , V*3/\Y a\+`*ZSSaWd3SW\ 9 ab*`1yjSZE 131-\/Z\ 5> >>> aWd31+Zmf ]\Y\kZSOV\, /\W3Zm ab*Z\,Sbnaq Z*/4S`*b1WqYSD 'b\ \4Z*h*1bE hb\

5E 6D *M �*V aW\,* S4 �a*SS :>B66 Sa]\WZqpbaq , ob\ ,`1Yq V\Zg*H+M �*V*q a1-\/Zq 1abn ]\b`1+Z\abn , 41YZ\y h*abS \`-*ZS4*gSS�1-\,mH

a\4Z* �1b1 WS ,mEV*V ,*3Z\ `*abS /df\,Z\Hw� da1`/S1Y ]`\/\W3*y hSb*bn ,aWdf /Wq /`d-SfEd,1k*bnE \+dh*bnx L5 � �D 8B57MD

�˚��B 89E ;>

� % �% ��˚��H

��

�*V ,m Y\31b1 `*abS/df\,Z\H

��

�*V Z1 a/*,*bnaq Z* ]dbS V/df\,ZmY g1WqYH

��

�b\ Y\3Z\ S4Y1ZSbnE hb\+m/\abShn +\Wnj1-\ da]1f* ,aWd31ZSSH

6>

�� 6>5: 65

1k1 bmaqhS +`*bn1, /\W3Zma\\b,1bab,\O,*bnb`1+\,*ZSqYEhb\+m+mbn aWd31+ZmOYS ]\Y\kZSV*YSD �\W11 b\-\E V*V /Wq+`*bn1,E b*V S /Wq a1ab1` 1abn YZ\-\ `*O+\bm w, /1W1 �\a]\/*x L5 �\`D 59B9<MD

�� ˛�� ˙��7 ˛*hSb*y 5 �SY\e1p 7B5D �`1h1aVSy

-W*-\WE ]1`1,1/1ZZmy V*V wab`1YSbaq]\WdhSbnxE ]1`1/*1b aW1/dpkdp YmaWnBVb\Ob\ bqZ1baqE 31W*q /\ab*bnb\Ehb\E ,\4OY\3Z\E Z*f\/Sbaq Z1 `q/\YE * Z* `*aab\qOZSSD a]\Wn4\,*, ob\ aW\,\E *]\ab\W �*O,1W ]\/h1`VZdWE hb\ /df\,Zmy `\ab b`1O+d1b daSWSyD �`1/ab*,nb1 +`*b*E V\b\`my]\V* Z1 q,Wq1baq aWd31+ZmY ]\Y\kZSOV\YE Z\ 4*/dYm,*1baq \+ ob\YD �Z hd,Oab,d1bE hb\ 1Yd Zd3Z\ `*4,S,*bn /df\,OZm1 V*h1ab,*D Z*h*W1 \Z ab*,Sb g1WnEhb\+m a\\b,1bab,\,*bn b`1+\,*ZSqY /WqaWd31+Zmf ]\Y\kZSV\,E S /\abS-*1b 11D�`\f\/Sb ,`1YqE S \Z Z*/11baqE hb\ b1O]1`n \Z /\ab*b\hZ\ ,m`\a /df\,Z\E hb\O+m aWd3Sbn Z*/4S`*b1W1YD �*V ,S/Z\EV*3/my `*4 1Yd Zd3Z\ da1`/Z\ b`d/SbnOaqE hb\+m a\\b,1bab,\,*bn b`1+\,*ZSqYE]`1/lq,Wq1YmY V b1YE Vb\ Sa]\WZq1b /\O]\WZSb1WnZm1 \+q4*ZZ\abS , a\+`*ZSSD8 �\f,*Wm /\ab\yZm b*V31 +`*bnq S

a1ab`mE V\b\`m1 f\bqb +mbn ]S\Z1`*YSEaWd3Sbn , 1eSW1 SWS ab`\Sbn ˛*Wm�*Òab,* S ]`SW*-*pb ,a1 ab*`*ZSqE hb\+m/\abShn obSf g1W1yD ˙*,*yb1 \+ad/SYEV*V �\3n1 �W\,\ ]\+d3/*1b ,a1f `*abS/df\,Z\E aWd3* SabSZZ\Yd �\-dD

��˚��˚�& � ˙��&"˚�� ˙��

9 �\W\/m1 f`SabS*Z1 \+mhZ\ ]\WZmaSW S Y\-db YZ\-\1 a/1W*bn , aWd31ZSS 1-\,1D L˛*hSb*y �`SbhS 6>B6=DM �1V\Ob\`m1 +`*bnq aWd3*b , 1eSW1E ]\Y\-*q

7E 8D �*VS1 /df\,Zm1 g1WS ,m Y\-WS +m ]\Oab*,SbnH9D �*V pZ\jS S /1,djVS Y\-db \b/*,*bna,\S aSWm aWd31ZSp �*àb,dH

]1h*b*bn S ]1`1]W1b*bn �S+WSS S +S+W1yOaVdpWSb1`*bd`dD�Z\-S1pZ\jSS /1,djOVS dh*ab,dpb , ab`\Sb1Wnab,1 S \+aWd3SO,*ZSS ˛*W\, �*àb,*D �\-/* ]`\Saf\/SbabSfSyZ\1 +1/ab,S1E Y\W\/m1 �,S/1b1OWS ]\Y\-*pb +\W11 \]mbZmY +`*bnqYS a1ab`*Y \V*4m,*bn ]\Y\kn ]\ab`*/*,OjSYD � YZ\-S1 Y\W\/m1 ]S\Z1`m /1WqbOaq +W*-\y ,1abnpE ]`\]\,1/dq V\`1ZZmYZ*`\/*Y SWS b1YE Vb\ -\,\`Sb Z* /`d-\Yq4mV1D: �V\`11 ,a1-\E ,m ]\ZSY*1b1E V*V ,*3O

Z\ aWd3Sbn �\-d \b ,a1y /djSD �\ hb\E1aWS ,*Y 4Z*V\Ym hd,ab,*E V\b\`m1 V\-O/*Ob\ +mWS d +`*b* ]\ SY1ZS '`\ZH �Z,m`\a , f`SabS*ZaV\y a1Yn1D '`\Z h1abOZ\ ]`S4Z*1baqB w�Z1 +mW\ aVdhZ\ Z* a\O+`*ZSS S , aWd31ZSSxD ˚Yd f\b1W\an aWdO3Sbn �\-d a `*/\abnpE Z\ \Z Z1 Y\- ]\OZqbnE ]\h1Yd d Z1-\ ob\ Z1 ]\Wdh*W\anDb\ \Z ]`1/]`SZqWH; '`\Z a\ab*,SW f\`\jSy /df\,Zmy

`*a]\`q/\VB Z*h*W `1-dWq`Z\ hSb*bn �S+OWSpE -\b\,Sbnaq V ,ab`1h*Y a\+`*ZSq Sdh*ab,\,*bn , ZSfD b\ \a\+1ZZ\ ,*3Z\E\Z ab*W `1-dWq`Z\ Y\WSbnaqD ˚-\ Wp+\,nV �\-d `\aW*E S \Z Z*h*W /1W*bn /df\,Zm1da]1fSD �Z a d/\,\Wnab,S1Y aWd3SW ]S\OZ1`\YE \V*4m,*W ]\Y\kn ]\ab`*/*,jSY\b abSfSyZmf +1/ab,Sy S ]`\]\,1/\,*W ,/`d-\y ab`*Z1D �1yh*a '`\Z ab*`1yjSZ*E\Z aWd3Sb , 1eSW1D b\ \Z -\,\`Sb b1O]1`n \ a,\1y 3S4ZSH w) ,VdaSW S d4Z*WEV*V /\+` 1-\,*D d,ab,dq a1+q , /\W-d]1`1/ ZSYE q ab*`*pan /1W*bn , aWd31ZSS1k1 +\Wnj1D � ob\E , a,\p \h1`1/nE ]`SOZ\aSb 1k1 +\Wnj1 +W*-\aW\,1ZSyIx< �a*WY\]1,1g ]1WB w�1E Vb\ Sk1b 1O

-\,dE Z1 +d/db WSj1Zm +W*-xD L˛*hSb*y�a*W\Y 78B<P5>DM ˚aWS Ym `1,Z\abZ\aWd3SY 1-\,1E b\ ZSV\-/* Z1 +d/1Y ,

:P<D *M �*V \/SZ Y\W\/\y h1W\,1V S4Y1ZSWa,\1 \bZ\j1ZS1 V aWd31ZSp �\-d S V h1Ydob\ ]`S,1W\H +M �*V Ym Y\31Y ,VdaSbn Sd4Z*bnE V*V /\+` �1-\,*H

66 ��˝˚��) ��")

Z1Y `*4\h*`\,*ZmD �m d+13/*1Yaq , SaObSZZ\abS aW\, wVdaSb1 S d4Z*yb1E V*V/\+` 1-\,*xE V\-/* /1W*1Y , aWd31ZSS�\-d ,a1 hb\ Y\31YD �Wd3* �\-d \b ,a1y/djSE Ym Sa]mbm,*1Y ZS a h1Y Z1 a`*,OZSY\1 ah*abn1D

�˙&�˚ ��•��%�� ˚ �˙��•�˚�&

= �* ]dbS V /\abS31ZSpg1WS ]\`\y Z1O\+f\/SY\ wb1`]1WS,\ 3/*bnx L�SfD ;B;MD 1-\,* ,a1-/* ]\//1`3S,*1b a,\Sf ,1`OZmf aWd3Sb1W1yE f\bq SZ\-/* SY ]`Sf\O/Sbaq 3/*bnE ]\V* SY Z1 ]\`dh*b ]\h1bOZm1 \+q4*ZZ\abS SWS Sf \+ab\qb1Wnab,*Z1 S4Y1ZqbaqD �\- \+1k*W �,`**YdE hb\ dZ1-\ `\/Sbaq amZE \/Z*V\ ]*b`S*`fd ]`SOjW\an ]`\q,Sbn ,1`d S b1`]1ZS1 L˚,`D:B56P59MD �\bq `\3/1ZSq a**V* \Z 3/*W

=E 5>D �\h1Yd ,*3Z\ wb1`]1WS,\ 3/*bnxH

/\W-S1 -\/mE \Z Z1 ]*W /df\YE S 1-\,*Z1 `*4\h*`\,*W 1-\ L�mbD 59B7E 8C 65B9MD5> ˝/*bn +m,*1b Z1]`\ab\ L�`SbD 57B56MD

˚aWS ]\ab\qZZ\ /dY*bn \+ \b`Sg*b1WnOZ\YE Y\3Z\ ,]*abn , dZmZS1D �dhj1 SaO]\Wn4\,*bn ,`1Yq a ]\Wn4\yB ]`\/\W3*bn`*abS /df\,Z\E hb\+m a\\b,1bab,\,*bnb`1+\,*ZSqY /Wq ,m]\WZ1ZSq ]\h1bZmf4*/*ZSy , \`-*ZS4*gSS �\-*D �*aaY\b`SYb`S a]\a\+*E V*V ob\ Y\3Z\ /1W*bnD55 �bb*hS,*yb1 /df\,Zm1 V*h1ab,*DSO

b*q �\3n1 �W\,\ S `*4YmjWqq Z*/ ZSYEYm Y\31Y \+`1abS Yd/`\abnE ]\ZSY*ZS1E]`\ZSg*b1WnZ\abnE 4Z*ZS1E `*aad/Sb1WnOZ\abn S 4/`*,\YmaWS1D �14 obSf V*h1ab,Z1 \+\ybSan b1YE Vb\ +1`1b Z* a1+q `dOV\,\/ab,\ , aWd31ZSS SabSZZ\Yd �\-dL�`SbD 5B5P8C �Sbd 5B;P=MD �\-/* Ym hSO

55D */ V*VSYS /df\,ZmYS V*h1ab,*YS YmY\31Y `*+\b*bn S ]\h1Yd ob\ ,*3Z\H

�˚�� S4 �1Z1adoWm ]\ SY1ZS �1Z1aSq-\,\`SbB w) S ]`1/ab*,Sbn a1+1 Z1 Y\-W*Ehb\ +d/d ]`\]\,1/\,*bn ]\ b1W1e\ZdxD \\/Z*3/m \Z* `1jSW* ]\4,\ZSbn \/Z\y a,\O1y 4Z*V\Y\y S V\`\bV\ ]\-\,\`SW* a Z1yZ* +S+W1yaVdp b1YdD ˝1ZkSZ1 4*f\b1W\and4Z*bn +\Wnj1E S �1Z1aSq Z*h*W* a Z1yS4dh1ZS1D �]\aW1/ab,SS ob* 31ZkSZ* V`1OabSW*anD �1]1`n �1Z1aSq -\,\`SbB w�`\]\O,1/n ]\ b1W1e\Zd P ob\ \bWShZmy ,S/ aWdO31ZSqIx�Sb1`E V\b\`my 3S,1b , �S+1`SSE ,a1-/*

+`*W , jV\Wd Z*jd WSb1`*bd`dD /Z*3/m\/Z\VW*aaZSVS d,S/1WS d Z1-\ +dVW1b w�\OW\/13nE h1Yd ,m ]\a,qbSb1 a,\p 3S4ZnHxS ]\]`\aSWS a1+1 b*V\y 31D +ad/S, a ZSYS

+dVW1bE �Sb1` a]`\aSWB w� h1Yd +m ,m ]\Oa,qbSWS a,\p3S4ZnHx /SZ S4 `1+qb aV*O4*WB w�Z1 +m f\b1W\an aWd3Sbn �\-dxD�Sb1` Z*h*W a ZSY S4dh1ZS1 �S+WSSD�4O4* ]`\+W1Y a\ 4/\`\,n1Y \/Z* ad]O

`d31aV*q ]*`* S4 �\WnjS `1jSW* ]`\]\O,1/\,*bn a ]\Y\knp ]Sa1YD /Z*3/m SY]`Sj1W \b,1b \b Yd3hSZmD Z ]Sa*WB w�*Oj1 ]SanY\ Y1Zq \h1Zn db1jSW\D �̀ S -\/*Z*4*/ dY1`W* Y\q 31Z*E * , ]`\jW\Y -\/dS4O4* Z1ah*abZ\-\ aWdh*q q ]\b1`qW amZ*xD� ,\b hb\ -\,\`SW\an , /`d-\Y ]SanY1E V\Ob\`\1 \ZS ]\WdhSWS YZ\-\ ,`1Y1ZS a]dabqBw�W*-\/*`q ,*j1Yd ]SanYd q d4Z*W* SabSOZdD � b1f ]\` ]`\jW\ /,* -\/*E S b1]1`n q,*j* f`SabS*ZaV*q a1ab`*xD

˚ ��& �� ˙�� • �˚�˙H

b*1Y \aZ\,*ZZm1 Z* �S+WSS ]d+WSV*gSSEYm ]\ab1]1ZZ\ dhSYaq aY\b`1bn Z* YZ\O-S1 ,1kS -W*4*YS �\-*D ˚31/Z1,Z\ Z*Y]`Sf\/Sbaq ]`SZSY*bn `1j1ZSqE V*a*pOkS1aq `*4,W1h1ZSyE \/13/m S ,Z1jZ1-\,S/*E /1Z1- S \bZ\j1ZSy a /`d-SYSD ˚aWSYm ]`SY1Zq1Y b\E hb\ d4Z*1Y S4 �S+OWSSE Ym Y\31Y `*/\,*bn a,\SY ,m+\`\Y 1-\,dD56 �\V*3Sb1E hb\ Z* ,*a Y\3Z\ ]\W\O

3SbnaqD +`*bnqY S a1ab`*Y Zd3Z\ Z*SOWdhjSY \+`*4\Y ,m]\WZqbn Wp+m1 4*/*OZSq , \`-*ZS4*gSS �\-*D �`*,Sb1Wn �11OYSq /\W31Z +mW ,m+`*bn a`1/S Z*`\/*�\-* b1fE V\-\ Y\3Z\ +mW\ ]\ab*,SbnZ* \b,1bab,1ZZdp /\W3Z\abnD �\-\ \ZZ*4Z*hSWH �1fE Vb\ +\qWSan �\-*E +mWSZ*/13ZmYS S ,1`ZmYS L�11YD ;B6C 57B56E57MD a1-\/Zq w\b d]`*,WqpkSf \3S/*1bOaqEhb\+m\ZS\V*4*WSan ,1`ZmYSx L5 �\`D8B6MD �\`\jS1 /1W* Z1 \ab*Zdbaq Z14*Y1Oh1ZZmYSD L˛*hSb*y 5 �SY\e1p 9B69DM57 �\4,\Wnb1 �1-\,1 w]1`1]W*,Wqbnx ,*aD

�*V +mbnE 1aWS ,m ab*WVS,*1b1an a Z1Oa]`*,1/WS,\abnpH \4Y\3Z\E ,*Y d/*abOaq +mab`\ ,a1 `*4`1jSbnD Z1V\b\`mfaWdh*qfE 1aWS ,m +d/1b1 aWSjV\Y `nqOZ\ a1+q 4*kSk*bnE ,m b\WnV\ ,a1 dad-dO+Sb1D �\bq +`*bnq \aSe* ]W\f\ a ZSY\+\jWSanE \Z Z1 4*b*SW Z* ZSf 4W\+mD�*]`\bS,E , b\ bq31W\1 ,`1Yq \Z ]\W*O-*Waq Z* 1-\,dD �*VSY +mW `14dWnb*bHw�W\,* 1-\,m ]1`1]W*,WqWS 1-\x L�aD5>9B5=MD �\-/* Sa]mb*ZSq \ab*WSan ]\O4*/SE \aSe ab*W ]\WZ\abnp ]`S-\/1Z/Wq ,m]\WZ1ZSq \a\+\-\ 4*/*ZSq L�mbD85B7;P88C 89B8P<MD �b*WVS,*qan a Z1]`\OabmYS aSbd*gSqYSE Y\WSb1an \ Yd/`\abSE]`\q,Wqyb1 V`\b\abn , `1hS S , \+`*k1OZSS a /`d-SYSE * b*V31 ]`\aSb1 d �\-*aSWD 1-\,* Z1]`1Y1ZZ\ ,*Y ]\Y\31bDL˛*hSb*y 5 �1b`* 9B5>DM

56D �*V f`SabS*Z1 Y\-db ]\V*4*bnE hb\ Z*ZSf Y\3Z\ ]\W\3SbnaqH57D �*V ,m Y\31b1 ]\/`*3*bn �\aSedE 1aWSa ,*YS \+f\/qbaq Z1a]`*,1/WS,\H

��˚"˚��•�˚�&� ��˚˙��˚� �� ˝˚��58 �*,1W ]`S4m,*W �SY\e1qB w�`\/\WO

3*y hSb*bn ,aWdf /Wq /`d-SfE d,1k*bnE\+dh*bnD �\ab\qZZ\ aW1/S 4* a\+\y S 4*b1YE V*V bm dhSjnx L5 �SYD 8B57E 5:MD�SY\Oe1y d31 +mW \]mbZmY ]`\]\,1/ZSV\Y�*àb,*D�/Z*V\ 1-\ da]1f , aWd31ZSS 4*O,Sa1W \b b\-\E +d/1b WS \Z ]\ab\qZZ\ aW1O/Sbn 4* b1YE V*V dhSbD �Z Z1 Y\- `*aahSObm,*bn Z* b\E hb\ ]`S,mhZmy 1Yd ]\/f\/, aWd31ZSS ,a1-/* +d/1b oee1VbS,ZmYDb\+m S /*Wnj1 4*b`*-S,*bn a1`/g* aWdOj*b1W1yE 1Yd Zd3Z\ +mW\ Y1Zqbn a,\SY1b\/m \+dh1ZSqE \`S1ZbS`dqan Z* ]\Ob`1+Z\abS Wp/1yD �1-\/Zq ,\4,1k*b1WqY�*àb,* Zd3Z\ ]\abd]*bn b*V 31D59 �\-/* Ym ]`\]\,1/d1Y ]\ /\Y*YE

3SWng\, Z1`1/V\ Z1b /\Y*D Z1V\b\`mfY1ab*f Z1,\4Y\3Z\ ]\]*abn , YZ\-\V,*ÒbS`Zm1 /\Y* S \f`*Zq1Ym1 3SWm1 V\YO]W1VamD ˚aWS SY1ZZ\ b*V \+ab\qb /1W* Z*,*j1y b1``Sb\`SSE ]\h1Yd +mZ1]\]`\+\O,*bn /`d-\y a]\a\+ a,S/1b1Wnab,\,*ZSqH5: �/SZ S4 ]`1V`*aZmf Y1b\/\, `*a]`\O

ab`*Z1ZSq +W*-\y ,1abS P ob\ ]`\]\,1/n, \+k1ab,1ZZmf Y1ab*fD �\ aW\,*Y YZ\O-Sf �,S/1b1W1y 1-\,mE dh*abS1 , ob\Y,S/1 aWd31ZSq \h1Zn oee1VbS,Z\ S ]`SOZ\aSb\-`\YZdp`*/\abnD�ZS a]1gS*WnZ\,m/1Wqpb ,`1YqE hb\+m ]`\]\,1/\,*bn Z*,\V4*W*fE *,b\ab*ZgSqfE `mZV*fE , ]*ÒV*f S b*V /*W11D ob\Y aWd31ZSS ,*3Z*]`\ZSg*b1WnZ\abnD b\+m Z*h*bn `*4-\O,\` a h1W\,1V\YE Y\3Z\ ]\f,*WSbn 1-\ `1O+1ZV*E d]\YqZdbn V*VdpOZS+d/n Z\,\abnSWSE 1aWS \Z Z*f\/Sbaq Z* `*+\b1E 4*/*bn

58E 59D *M �\h1Yd Z*Y Zd3Z\ ]\ab\qZZ\aW1/Sbn 4* b1YE V*V Ym ]`\]\,1/d1Y +W*O-dp ,1abnH +M �*V Y\3Z\ Y1Zqbn a,\y ]\/Of\/ , aWd31ZSS , 4*,SaSY\abS \b \+ab\qOb1Wnab,H L�Y\b`Sb1 SWWpab`*gSp , Z*h*W1ab*bnS S `*YVd w1 ]\]`\+\,*bn WS ,*Y /`dO-\y Y1b\/HxDM5:D �\h1Yd ]`\]\,1/n , \+k1ab,1ZZmf Y1Oab*f P oee1VbS,Zmy Y1b\/ aWd31ZSqH

�� 6>5: 67

68 ��˝˚��) ��")

a,q4*ZZmya Z1y ,\]`\aD ˚aWS`*4-\,\` 4*O,q31baqE Y\3Z\ ]\/1WSbnaq +S+W1yaV\yYmaWnp S d4Z*bn YZ1ZS1 h1W\,1V*D *ab\b*VS1 `*4-\,\`m ]`S,\/qb V /*WnZ1yj1Yd\+ad3/1ZSp �S+WSSD5; ˚aWS ]`\]\,1/n , \+k1ab,1ZZmf Y1O

ab*f bq31W\ ,*Y /*1baqE Z1 ]1`13S,*yb1D�S\Z1` S4 �npO•\`V* ]\ SY1ZS '//S ZSOV*V Z1 `1j*Waq 4*-\,\`Sbn a V1YOb\ Z*Wp/qfD�/Z*V\ a\ ,`1Y1Z1Y \Z \+`1W d,1O`1ZZ\abnD b\ 1Yd ]\Y\-W\H �Z -\,\`SbBw\ ,`1Yq a1Y1yZ\-\ ]\VW\Z1ZSq Ym a31Z\y SaaW1/d1YE V*V Y\3Z\ ]`1\/\W1O,*bn ,\4`*31ZSq S dhSbm,*bn , `*4-\,\`1YZ1ZS1 h1W\,1V*D ˚k1 Ym ]`\aSY /`d-Sf�,S/1b1W1y ]\/1WSbnaq a,\SY \]mb\YxD�1]1`n '//S \+\3*1b ]`\]\,1/n , \+k1Oab,1ZZmf Y1ab*fD5< �\ Y1`1 b\-\ V*V ,m \+`1b*1b1 \]mb

S d,1`1ZZ\abn , aWd31ZSSE ,*jS /df\,OZm1 da]1fS +d/db ab*Z\,Sbnaq \h1,S/ZmOYSD L˛*hSb*y 5 �SY\e1p 8B59DM �`\Y1b\-\E ,mE Z1a\YZ1ZZ\E +d/1b1 ,\af,*WqbnZ*j1-\ Z1+1aZ\-\ �bg*D ob\Y ,m +d/1Ob1 ]\/`*3*bn ˙*,S/dE V\b\`my ]1WB w�d/d+W*-\aW\,Wqbn 1-\,d ,\ ,aqV\1 ,`1YqEf,*W* 1Yd +d/1b Z* Y\Sf dab*f Z1S4Y1ZOZ\D �\q /dj* +d/1b f,*WSbnaq , 1-\,1CdaWmj*b V`\bVS1 P S \+`*/dpbaqx L�aD78B5E 6MD ,]\WZ1 ,\4Y\3Z\E V`\bVS1 WpO/S \bVWSVZdbaq Z* ,*jd ]`\]\,1/n S ,Y1Oab1 a ,*YS +d/db `*/\abZ\ ]`\aW*,WqbnSabSZZ\-\ �\-*D

��)•�˚ ��E ˙˚��)˙��%˚ ��˚��

5= ˙*,S/ ]1WB wa1 b,\S /1W* +d/db f,*OWSbnb1+qE \ 1-\,*E S ]`1/*ZZm1 b1+1 +dO

5;E 5<D *M �*V ]`1\/\W1bn ab`*f ]1`1/ ]`\O]\,1/np , \+k1ab,1ZZmf Y1ab*fH +M �\h1OYdE dh*ab,dq , aWd31ZSSE ,m f\bSb1 ]\/`*O3*bn Z*ab`\p ˙*,S/*E V\b\`my ,\af,*WqW�1-\,dH5=D �\h1Yd ,1`Zm1 aWd3Sb1WS �1-\,m Y\-db+mbn ah*abWS,mE /*31 1aWS Sf ,\4Y\3Z\abS\-`*ZSh1ZZmH

/db +W*-\aW\,Wqbn b1+qD �ZS +d/db `*aOaV*4m,*bn \ aW*,1 b,\1-\ g*àb,* S -\O,\`Sbn \ b,\1Y Y\-dk1ab,1E hb\+m /*bn4Z*bn amZ\,nqY h1W\,1h1aVSY \ 1-\ Y\O-dk1ab,1ZZmf /1W*f S \ aW*,Z\Y ,1WSOV\W1]SS 1-\ g*àb,*x L�aD 589B5>P56MD obSf aW\,*f \b`*31Zm hd,ab,* ,a1f ,1ÒZmf �,S/1b1W1y 1-\,mD �\ hb\E 1aWS +\OW14Zn SWS ]`1VW\ZZmy ,\4`*ab Y1j*pb,*Y , ]\WZ\y Y1`1 dh*ab,\,*bn , aWdO31ZSSH �1 4*+m,*yb1B 1aWS ,m ]`\]\O,1/d1b1 ,a1YE V\Yd ,\4Y\3Z\E Z*]`SY1`Y1/a1ab`*Y S ,`*h*YE ,*j1 a,qk1ZZ\1aWd31ZS1 ]`\aW*,Wq1b Z*j1-\ ,1WSV\-\�\-*D ˚aWS ,m Z*f\/Sb1an , 4*VWph1ZSS4* a,\p ,1`d S ,*Y d/*1baq ]\-\,\`Sbn \+SabSZ1E V\-/* ]\q,Wq1baq b*V*q ,\4Y\3OZ\abnE obSY ,m `*/d1b1 a1`/g1 1-\,mL�`SbD 6;B55MD � 1aWS , ,*j1y a1Yn1 Z1 ,a1aWd3*b �\-dE Z\ ,m ]`S/1`3S,*1b1an /dOf\,Z\-\ `*a]\`q/V*E ob\ b\31 `*/d1b 1O-\,d L5 �1bD 7B5P8MD ˙*31 , a*Ymf aW\3OZmf \+ab\qb1Wnab,*f ,m Y\31b1 ]`\aW*,OWqbn 1-\,d S `*abS /df\,Z\D6> 1-\,*E Z1a\YZ1ZZ\E +W*-\aW\,Sb

,*aE 1aWS ,m ]`\/\W3*1b1 `*abS /df\,Z\D\4Y\3Z\E Z1+\WnjS1 S4Y1Z1ZSq , -`*OeSV1 SWS ]`S,mhV*f ]\4,\Wqb ,*Y /1W*bn+\Wnj1Ehb\+m /1WSbnaq /`*-\g1ZZ\y �\O3n1y SabSZ\y a Wp/nYSE ]\Y\-*q SY \+O`1abS Z*/13/dD �`\Y1 b\-\E ,*jS /df\,OZm1 da]1fS S a*Y\\b,1`31ZZ\abn ]\aWdO3*b Z* +W*-\ ,*jSY +`*bnqY S a1ab`*YD� aYS`1ZZ\ aWd3* , a\+`*ZSS /`d-SYE ,m\kdbSb1 Wp+\,nE +W*-\/*`Z\abn S ]\/O/1`3Vd a\ ab\`\Zm b1fE Vb\ Wp+Sb �\-*D65 a1 YmY\31Y `*abS /df\,Z\E Z1 ,*3O

Z\E aV\WnV\ Ym aWd3SY 1-\,1 P YZ\-\W1b SWS Z1aV\WnV\ Y1aqg1,D �\ V*V 4`1OWm1 f`SabS*Z1 Y\-db ]\Y\-*bn b1YE Vb\V`1abSWaq Z1 b*V /*,Z\E /\abS-*bn /df\,OZmf g1W1yH �+ ob\Y `1hn ]\y/1b , aW1/dOpk1y ab*bn1D

6>E 65D ˚aWS ,*Y YZ\-\1 /\,1`1Z\ , \`-*ZSO4*gSS �1-\,mE V*V ,m Y\31b1 ab*bn +W*-\OaW\,1ZS1Y /Wq /`d-SfH

��%� 4*/*ZS1Y Sada* +mW\ ]`\,\4-W*j1ZS1 +W*-\y ,1OabS \ �*`ab,1D �/Z*V\ \Z d/1WqW ,`1Yq b\YdE hb\+m \+dh*bn/`d-Sf +mbn ]*abm`qYS S dhSb1WqYS L�*beD 5>B9P;MD �SWS]]b\31 YZ\-\ ]`\]\,1/\,*WE Z\ \ZE Z1a\YZ1ZZ\E ]\Y\-*W h1bmO`1Y a,\SY /\h1`qY dY1W\ /1WSbnaq a Wp/nYS +S+W1yaVSYS SaObSZ*YS L˙1qZD 65B<E =MD �*aV\WnV\ ,*3Z\ ]`\,\/Sbn b*V\1 \+dOh1ZS1 a1-\/ZqH6 �\,a1YdYS`d ,a1 +\Wnj1 Wp/1y ]`SZSY*pb +W*-dp ,1abnD

�1YE Vb\ 1k1 Z1 V`1abSWaqE Z1\+f\/SY\ \a\4Z*bnE V*V ,*3Z\ 4*OZSY*bnaq WShZmY S4dh1ZS1Y �S+WSSD �*V31 Sf Zd3Z\ Z*dhSbnb\YdE V*V ]`\]\,1/\,*bn +W*-dp ,1abn S \+dh*bn SabSZ1 /`dO-SfD a\+`*ZSqf +`*bn1, Zd3Z\ ]\+d3/*bn da1`/Z\ `*+\b*bnZ*/ b1YE hb\+m a\\b,1bab,\,*bn b`1+\,*ZSqY /Wq aWd31+Zmf]\Y\kZSV\, S ab*`1yjSZD ˙*,*q Z\,mY , SabSZ1 w]\W14Z\1Z*ab*,W1ZS1xE 4`1Wm1 f`SabS*Z1 Y\-db ]\Y\hn SY `*abS /df\,OZ\ L�`SbD 8B6MD

5E 6D �\h1Yd Z*Y Zd3Z\ \+dh*bn /`d-Sf ,m]\WZqbn b1\V`*bSh1aVS1\+q4*ZZ\abS S 4*/*ZSqH

a\4Z* �1b1 WS ,mEV*V ,*3Z\ \+dh*bn /`d-SfHw) ]`1]\/*Y ,*Y ]\W14Z\1 Z*ab*,W1ZS1x L�� D 8B6MD

�˚��B =7E =:

� % �% ��˚��H

��

�\h1Yd ,*3Z\ ]\Y\hn S4dOh*pkSY �S+WSp `*4,Sbn31W*ZS1 4*ZSY*bnaq WShZmYS4dh1ZS1YH

��

�*V ]\Y\hn Z\,mY , SabSZ1Z*dhSbnaq -\,\`Sbn a Wp/nOYSE ]`\]\,1/dq ]\ /\Y*Y S, /`d-Sf Y1ab*fH

��

�\h1Yd Zd3Z\ \+dh*bn b1fEVb\ Y\31b ab*bn ]*abm`qYS�\3n1-\ ab*/*H

69

6: ��˝˚��) ��")

��˚ ��%�E � �˛��& �˝&˚ ��

7 �*aV\WnV\ ,*3Z\ WShZ\1 S4dh1ZS1�S+WSSH \b hb\ Z*]Sa*W *]\ab\W �*,1Wf`SabS*Z*Y , �\W\aa*fB w�mDDD Z1 ]1`1Oab*1Y Y\WSbnaq 4* ,*a S ]`\aSbnE hb\+m,m Sa]\WZSWSan b\hZmY 4Z*ZS1Y 1-\ ,\OWS ,\ ,a1y Yd/`\abS S /df\,Z\Y ]\ZSY*OZSSE hb\+m ]\abd]*bn /\ab\yZ\ 1-\,mEhb\+m d-\3/*bn 1Yd ,\ ,a1YE ]`SZ\aq]W\/ ,\ ,aqV\Y /\+`\Y /1W1 S ,\4`*ab*q, b\hZ\Y 4Z*ZSS �\-*x L�\WD 5B=E 5>MD�\hZ\1 4Z*ZS1 �\-* ]\4,\WSW\ +m b1Yf`SabS*Z*Y w]\abd]*bn /\ab\yZ\ 1-\O,mE hb\+m d-\3/*bn 1Yd ,\ ,a1YxD �*V \ZSY\-WS +m ]`SZ\aSbn w]W\/ ,\ ,aqV\Y /\O+`\Y /1W1xE \a\+1ZZ\ , /1W1 ]`\]\,1/S+W*-\y ,1abSD b\+m f`SabS*ZSZ Y\- /\O

7E 8D *M �*V �*,1W ]\V*4*W a,q4n Y13/dS4dh1ZS1Y �Sa*ZSy S da]1jZmY aWd31ZS1YH+M �b\ ,*3Z\ /1W*bn Z*Y a*YSYE 1aWS Ym f\ObSY ]\+d/Sbn S4dh*pkSf SaaW1/\,*bn �S+OWSpH

abShn da]1f* , aWd31ZSSE d Z1-\ /\W3Z\,\ybS , ]`S,mhVd `1-dWq`Z\1 S4dh1ZS1�S+WSSD �*j* 4*/*h*P]\Y\-*bn S4dh*pOkSY �S+WSp \a\4Z*bn ob\D8 b\+m ]\Y\hn /`d-SY d,S/1bn ]\Wn4d

\b S4dh1ZSq �S+WSSE Z*Y Zd3Z\ a*YSY]\ZSY*bnE Z*aV\WnV\ \Z\ g1ZZ\D ˙*E d Z*a/\W3Z* +mbn ]`S,mhV* S4dh*bn �S+WSpD�]`\aSb1 a1+qB w˚aWS q ,ab`1h*p h1W\,1OV*E V\b\`my ,1`Sb , b\E hb\ ]`\bS,\`1hSb�S+WSSE SWS 4*/*1b aW\3Zmy ,\]`\aE Y\O-d WS q \b,1bSbn 1Yd Z* \aZ\,*ZSS �Sa*OZSqH �\-/* q hSb*p \ b\YE V*V SadaE�*,1W S /`d-S1 \ab*,*WSan ab\yVSYS ,aWd31ZSSE `*4YmjWqp WS qE V*V Sf ab\yOV\abn /\W3Z* ,WSqbn Z* Y\1 aWd31ZS1 1-\,1Hx a1Y Z*Y Z1\+f\/SYm 4Z*ZSq Sa\,1bm S4 �\3n1-\ �W\,*D 1aWS Ym `*aOaV*4m,*1Y /`d-SYE V*V YZ\-\ ]\W14Z\-\Ym h1`]*1Y S4 WShZ\-\ S4dh1ZSq �S+OWSSE Z*YE ,\4Y\3Z\E d/*abaq ]\+d/Sbn Sfda1`/Z\ SaaW1/\,*bn �Sa*ZS1E hb\+m S\ZS d,S/1WS 1-\ g1ZZ\abnD9 \4Y\3Z\E ,m a]`\aSb1B w�*V 31 YZ1

Z*dhSbn h1W\,1V* `1-dWq`Z\ S4dh*bn �S+OWSpHx ˙Wq Z*h*W* Y\3Z\ ]\V*4*bn 1YdEV*V -\b\,Sbnaq V 4*ZqbSqYE V\b\`m1 ,m aZSY ]`\,\/Sb1D �\3Z\ ]`1/W\3Sbn 1Yd]`\hSb*bn Y*b1`S*W S4 ]`SW\31ZSq ,VZS-1 w1Yd Z* a*Y\Y /1W1 dhSb �S+OWSqHx S \bV`mbn ]`S,1/1ZZm1 Y1ab* �SOa*ZSqD �\Y\-*yb1 1Yd -\b\,Sbnaq V ,ab`1Oh*Y a\+`*ZSq a g1Wnp dh*ab,\,*bn ,\+ad3/1ZSSD �\+d3/*yb1 1-\ ]`\hSbmO,*bn V*3/my ,m]daV w�b\`\31,\y +*jOZSx S w�`\+d/Sb1anIxD ˚aWS Z* ,*j1Yq4mV1 /\abd]Z* oW1Vb`\ZZ*q +S+WS\b1OV* SWS w�ZW*yZO+S+WS\b1V* �b\`\31,\y+*jZSxE ,m Y\31b1 ]\V*4*bn 1YdE V*V SYS]\Wn4\,*bnaq S Z*f\/Sbn \b,1bm Z* +S+OW1yaVS1 ,\]`\amD �W*-\/*`q b*V\Yd ]\/Of\/d b\bE a V1Y ,m S4dh*1b1 �S+WSpE aV\O

9D �\/1WSb1anE V*V Y\3Z\ ]\Y\hn Z\,mY`*4,Sbn ]`S,mhVd 4*ZSY*bnaq WShZmY S4dOh1ZS1YD

�`\]\,1/dq ,1abn \ �*`ab,1E Z\,mY ,\4,1Ok*b1WqY Zd3Z\ dhSbnaq ]`\q,Wqbn Z*ab\yhSO,\abnE V\-/* ob\ Z1\+f\/SY\D � *Z1 \/SZ+`*b \ab*,SW ]*`d 3d`Z*W\, Y\W\/\Yd h1W\O,1VdE V\b\`my ]\aW1 ob\-\ Z1aV\WnV\ Z1/1WnS4+1-*W a ZSY ,ab`1hD �\aW1 YZ\-\V`*bZmf]\]mb\V +`*bd Z*V\Z1gOb\ d/*W\an ,ab`1ObSbnaq a ZSYE Z\ b\b ]\]mb*Waq ]\aV\`114*V\ZhSbn `*4-\,\`D �\-/* +`*b ]`1/W\3SW]\V*4*bnE V*V ]`\,\/Sbaq S4dh1ZS1 �S+WSSES Y\W\/\y h1W\,1V a\-W*aSWaqD �\aW1 ob\-\\Z d31 ZSV\-/* Z1 S4+1-*W �,S/1b1W1y �1-\O,mD �]dabq Z1aV\WnV\ Y1aqg1, \Z V`1abSWaqZ* `*y\ZZ\Y V\Z-`1aa1D

1 a]1jSb1 a/*,*bnaq

�� 6>5: 6;

`11 ,a1-\E ]\Wp+Sb SaaW1/\,*bn �W\,\�\-*D: b\31 ,`1Yq Z1Wn4q 4*ab*,Wqbn h1W\O

,1V* hSb*bn �S+WSp S S4dh*bn 11D �dhj1Sa]\Wn4\,*bn b\E hb\ ]`1/\ab*,Wq1b \`-*OZS4*gSq 1-\,mE hb\+m ]\Y\hn 1Yd `*4O,Sbn -Wd+\Vdp Wp+\,n V �\3n1Yd �W\,dD�\ ,`1Y1Z1Y h1W\,1V a SaV`1ZZSY a1`/Og1Y Z*hZ1b Sa]mbm,*bnb131 hd,ab,*Ehb\S ]a*WY\]1,1gE V\b\`my ]1WB w˙Wq Y1Zq]`S+WS3*bnaq V �\-d P +W*-\D W*/mVd�\a]\/* 1-\,d q a/1W*W a,\SY ]`S+13SOk1Yx L�aD ;7B6<MD �* b*V\-\ ]`S4Z*b1WnOZ\-\ h1W\,1V* +d/1b ,\4/1yab,\,*bn /df 1-\,mD

��˚ ��%�E � ��˚˙��& � ��&

; 5>Oy -W*,1 ˚,*Z-1WSq \b �*be1q Z*O]Sa*Z\ \ b\YE V*VS1 dV*4*ZSq Sada /*W56 *]\ab\W*YD �Z -\,\`SW ]\ adk1ab,dS /*,*W V\ZV`1bZm1 a\,1bm5D �]\ab\Wm,ZSY*b1WnZ\ aWdj*WS Sada*E V\b\`mydhSW Sf b\YdE V*V ab*bn dY1WmYS ]`\]\O,1/ZSV*YSD �\aW1 ob\-\ \ZS ,a1 ,Y1ab1\b]`*,SWSan , aWd31ZS1D �h1ZSVS Z*+WpO/*WS 4* b1YE V*VS1 Y1b\/m Sa]\Wn4\,*W SadaE S ,aV\`1 a*YS ab*WS f\`\jSYSdhSb1WqYS �\3n1-\ �W\,* L�*beD 55B5MD�m b\31 Y\31Y dhSbn b1fE a V1Y S4dh*O1Y �S+WSpE dY1W\ ]`\]\,1/\,*bn +W*-dp,1abnD �*aaY\b`SY /,* a]\a\+*E V*V ob\Y\3Z\ /1W*bnD< *4-\,*`S,*bn a Wp/nYSD Sada

]`\]\,1/\,*W \ �*àb,1 Z1 b\WnV\ -`d]O

:D *M �*V ,m Y\31b1 ]\Y\hn b\YdE a V1YS4dh*1b1 �S+WSpE ]\Wp+Sbn �\3n1 �W\,\H+M � h1YdE aV\`11 ,a1-\E +d/1b ab`1YSbnaqb\bE Vb\ `*4,SW , a1+1 -Wd+\Vdp Wp+\,n V�S+WSSH;D �*V �Sada \+dh*W a,\Sf dh1ZSV\, ]`\O]\,1/\,*bn +W*-dp ,1abnH L�Y\b`Sb1 SWWpOab`*gSp , Z*h*W1 ab*bnSDM<E =D *M �*V �Sada `*4-\,*`S,*W a Wp/nYSEV\b\`mf ,ab`1h*W , aWd31ZSSH +M �*V Ym Y\O31Y ]\Y\-*bn Z\,mY ,\4,1k*b1WqY `*4-\,*O`S,*bn a Wp/nYS ]\ ]`SY1`d �Sada*H

]*Y Wp/1yE Z\ S \b/1WnZmY Wp/qYD �*VOb\ `*4 d V\W\/g* *V\,* ,\4W1 -\`\/*�Sf*`n d Z1-\ a\ab\qWaq a \/Z\y 31ZOkSZ\y 3S,\yE SZb1`1aZmy `*4-\,\È V\Ob\`my ]`SZ1a ]`1V`*aZm1 ]W\/m L \O*ZD 8B9P7>MD /`d-\y `*4 \Z 4*-\,\`SWa\ a+\`kSV\Y Z*W\-\,E V\b\`\-\ 4,*WS�*be1yE SWS �1,SyD ˚,*Z-1WSqf ]\hbSZSh1-\ Z1 -\,\`Sbaq \+ ob\Y `*4-\,\O`1E Z\ �*be1y ]`SZqW ]`S-W*j1ZS1 SOada* S ab*W 1-\ ]\aW1/\,*b1W1YD �\-/*�*be1y dab`\SW , a,\1Y /\Y1 ]SÈ \Z S\ab*WnZm1 dh1ZSVS aWdj*WSE V*V Sada,1W ]`\/\W3Sb1WnZmy `*4-\,\` a -\abqOYS L�*beD =B=C �dVS 9B6;P7=MD= �/Z*3/m Sada /`d31Wp+Z\ 4*-\,\O

`SW a �*e*Z*SW\YE d V\b\`\-\ aW\3SW\an]`1/,4qb\1 YZ1ZS1 \ b1fE Vb\ +mW `\O/\Y S4�*4*`1b*D�/Z*V\ ]\aW1 `*4-\,\`*a Sada\Y YZ1ZS1 �*e*Z*SW* S4Y1ZSOW\anD ˚Yd 4*f\b1W\an d4Z*bn ]\+\Wnj1 \b\YE h1Yd dhSW Sada S4 �*4*`1b* L \O*ZD 5B8:P95MD 'b\b aWdh*y ]\V*4m,*1bEhb\Z*Y Zd3Z\dhSbn Z\,mf ,\4,1k*b1W1y`*4-\,*`S,*bn a Wp/nYS /`d31Wp+Z\ SZ1]`SZd3/1ZZ\6D �W*-\/*`q Z*j1y ]\Y\OkS \ZSE aV\`11 ,a1-\E Z* a\+ab,1ZZ\Y\]mb1 d+1/qbaqE hb\ WShZmY ,ZSY*ZS1YS /\+`mYS aW\,*YS Y\3Z\ `*a]\W\3SbnV a1+1 SaV`1ZZSf Wp/1yD5> *4,S,*bn SZb1`1aD `1Yq aWd31O

ZSq Sada* Z* 41YW1 +mW\ \-`*ZSh1ZZ\D ,a1 31 \Z ab*`*Waq `*4,S,*bn SZb1`1aEV\b\`my Wp/S ]`\q,WqWS V +W*-\y ,1abSD�/Z*3/m \Z dhSWE Z*f\/qan , W\/V1D �\-O/* \Z hd/\Y ]\Y\- �1b`d ]\yY*bn YZ\-\`m+m S aV*4*W 1YdB w]`1/n +d/1jn W\O,Sbn 3S,mf Wp/1yxD �*V ]\,WSqWS Z*�1b`* S 1-\ b\,*`Sk1y aW\,* S /1W* SOada*H w�ZS ,mb*kSWS W\/VS Z* +1`1- SE\ab*,S, ,a1E ]\aW1/\,*WS 4* ZSYx L�dVS9B5P55MD

5>P56D *M �*V �Sada `*4,S,*W SZb1`1a WpO/1y V +W*-\y ,1abSH +M �*V Ym Y\31Y ]\Y\hnZ\,mY ,\4,1k*b1WqY +\W11 dY1W\ dhSbn/`d-Sf +S+W1yaV\y SabSZ1H

6< ��˝˚��) ��")

55 W1Z �SZ1/`S\Z* ]\ SY1ZS �SV\/SY]`\q,SW SZb1`1a V dh1ZSqY �`Sab*D �Zf\b1W d4Z*bn +\Wnj1E Z\ +\qWaqE hb\ aV*O3db Wp/SE d,S/1, 1-\ a Sada\YD Sada]`\q,SW -S+V\abn S Z1 ]\3*W1W /Wq Z1-\,`1Y1ZSD b\+m Sf Z1 d,S/1WSE \Z ,ab`1ObSWaq a �SV\/SY\Y ]\/ ]\V`\,\Y b1YZ\Obm L \*ZD 7B5E 6MD1Yd Ym dhSYaq S4 obSfaWdh*1,H �mZ �\-* ,m/1WqW ,`1Yq Z* b\Ehb\+m dV`1]Wqbn ,1`d Wp/1yD �`\q,Wq1YWS Ym ]\/\+Z\1 da1`/S1E ]\,b\`Z\ ]\a1Ok*q b1fE Vb\ ]`\q,SW SZb1`1a V +W*-\y ,1OabSE S ]`\,\/q S4dh1ZSq �S+WSSH56 ˚aWS Ym +d/1Y a\b`d/ZSh*bn , aWdO

31ZSS a Z\,mYS ,\4,1k*b1WqYSE \ZS +mOab`11 Z*dh*baq dY1W\ \+dh*bn +S+W1yOaV\y SabSZ1 /`d-SfD �m Y\31Y ]\V*4*bnSYE V*V ,*3Z\ aZ\,* ]\a1k*bn /*31 b1fEVb\ ]`\q,SW Z14Z*hSb1WnZmy SZb1`1a VZ*j1y ,1abSD �\3Z\ +`*bn Z\,mf ,\4O,1k*b1W1y a a\+\yE V\-/* Ym Z*,1k*1YWp/1y ]\,b\`Z\ SWS ]`\,\/SY /\Y*jOZS1 S4dh1ZSq �S+WSSD �+dh*q S \+\/`qqb*VSY \+`*4\Y Y1Z11 \]mbZmf ,\4,1Ok*b1W1yE YmE Z1a\YZ1ZZ\E ]\+d/SY Sf`*4,S,*bn SZb1`1a b1fE V\Yd \ZS ]`\]\O,1/dpbE S ]`\,\/Sbn a ZSYS S4dh1ZSq�S+WSSD�*V31 \ZS Z*dh*baq Z1 a/*,*bnaqaWSjV\Y +mab`\ S ]`\q,Wqbn b1`]1ZS1, aWd31ZSS L�*WD 9B66C aY\b`Sb1 `*YVdw�1 a]1jSb1 a/*,*bnaqxMD

��˚ ��%� ��˝��&��˚�(#��

57 �S+WSS ]\/h1`VS,*1baqE V*V ,*3OZ\ ]`\q,Wqbn w+`*baVdp Wp+\,nx S aWdO3Sbn /`d- /`d-dD L˛*hSb*y 5 �1b`* 5B66CdVS 66B68P6;DM b\+m ]\aWd3Sbn /`dO-SYE �mZ �\-* \b/*W ,a1E hb\ d Z1-\+mW\E , b\Y hSaW1 a,\p 3S4Zn L�*beD6>B6<MD ˙\`V* wa\,1`j*W* YZ\31ab,\ /\O

57E 58D *M �b\ ,m /dY*1b1 \ +S+W1yaVSf]`SY1`*f b1fE Vb\ j1W `*/S /`d-Sf Z* +\WnOjS1 31`b,mH +M �*VSY \+`*4\Y ,m Y\-WS +mdhSbn Z\,mf ,\4,1k*b1W1y S Y\W\/mf f`SOabS*Z Wp+Sbn +`*bn1, S a1ab1`H

+`mf /1W S +mW* k1/`* Z* /*`m YSW\a1`O/Sqx L˙1qZD =B7:E 7=MD˝S,j*q , �SY1 f`SOabS*ZV* ]\ SY1ZS�*`Sq wYZ\-\ ]\b`d/SOW*anx `*/S /`d-Sf L�SYD 5:B:MD �*V Y\3Z\]\Y\hn Z\,mY \a\4Z*bnE hb\ Z1\+f\/SY\]\Y\-*bn a,\SY +`*bnqY S a1ab`*YH58 ˛`1Wm1 f`SabS*Z1 Y\-db ]`S-W*j*bn

Z\,mf a a\+\yE V\-/* ]\a1k*pb ]\3SWmfS b1fE Vb\ +\W1ZD Z1V\b\`mf aWdh*qf `\O/Sb1WS Y\-db +`*bn V b*VSY +`*bnqY S a1Oab`*Y a,\Sf /1b1yD b\+m d4Z*bnE /\ab*Ob\hZ\ WS d ]\3SWmf 1/mS Z1 Zd3Z* WS SY]\Y\kn ]\ /\YdE ab*`1yjSZm Y\-db 4*f\O/Sbn V ZSY ,Y1ab1 a V1YOb\ S4 a\+`*ZSqD�*V Y\W\/m1 f`SabS*Z1 S Z\,m1 , SabSZ1+d/db dhSbnaq ]`\q,Wqbn /\+`\bd V /`dO-SYD �`\]\,1/dq , a1WnaV\y Y1abZ\abSE\/SZ ab*`1yjSZ* Z1Z*/\W-\ 4*f\/SW V3S,dkSY b*Y �,S/1b1WqYD � ZSY h*ab\+mW Y\W\/\y +`*bE V\b\`my +W*-\/*`qob\Yd ab*`1yjSZ1 ]\ZqW Z1hb\ ,*3Z\1B,a1 hW1Zm a\+`*ZSq /\W3Zm hd,ab,\,*bnEhb\ Sf Wp+qb L�SYD 56B5>MD59 1-\,* ]\ab*,SW Yd3hSZ dhSb1WqYS

, a\+`*ZSSE ]\ob\Yd +`*bnqY \h1Zn ,*3OZ\ `*4,S,*bn a,\S \`*b\`aVS1 a]\a\+Z\OabSD ˚aWS ,m aWd3Sb1 ab*`1yjSZ\yE Y\-OWS +m ,m ]\aWdj*bnE V*V aWd31+Zmy ]\OY\kZSV `1]1bS`d1b `1hnH *jS a\,1bm]\Y\-db 1Ydab*bn +\W11 SaVdaZmY dhSb1OW1Y �\3n1-\ �W\,* L�11YD <B<M7D5: \ YZ\-Sf f`SabS*ZaVSf a\+`*ZSqf

Z1 f,*b*1b ]*abm`1yE ]\ob\Yd Z1\+f\/SOY\ ]\ab\qZZ\ \+dh*bn b1fE Vb\ , +d/dk1Yab*Zdb ab*`1yjSZ*YSD ]SanY1 �SY\e1p�*,1W ]`1/\ab*,SW \+k11 `dV\,\/ab,\EV*V ]`\,\/Sbn b*V\1 \+dh1ZS1B wCmZ Y\yES ,]`1/n h1`]*y aSWd , Z14*aWd31ZZ\y/\+`\b1E V\b\`*q ,\ �`Sab1 Sada1E S b\Ehb\ bm aWmj*W \b Y1Zq ]`S YZ\-Sf a,S/1O

59D �\h1Yd ab*`1yjSZ*Y ,*3Z\ ]\Y\-*bnYd3hSZ*Y , a\+`*ZSS `*abS /df\,Z\H

5:E 5;D *M �*V �*,1W ]\Y\-*W �SY\e1p `*aObS /df\,Z\H +M �*V ab*`1yjSZm Y\-db oeOe1VbS,Z\ \+dh*bn +d/dkSf ]*abm`1yH

�� 6>5: 6=

b1WqfE ]1`1/*y ,1`ZmY Wp/qYE V\b\`m1b*V31 +d/db ]`S-\/ZmE hb\+m dhSbn /`dO-Sfx L6 �SYD 6B5E 6MD �\b`d/ZSh*q a *]\ab\OW\YE V\b\`my +mW \]mbZmY ab*`1yjSOZ\yE�SY\e1y dhSWaq aWd3Sbn/`d-SYD�SOY\e1y ]1`1ZqW Y1b\/m�*,W* S ]`SY1ZqWSf , ]`\]\,1/S S /`d-Sf \+W*abqf a,qOk1ZZ\-\ aWd31ZSq L6 �SYD 7B5>P56MD5; �*,1W Z1 ]dabSW \+dh1ZS1 �SY\e1q

Z* a*Y\b1VD �Z `1jSW ,4qbn 1-\ a a\+\yL˙1qZD 5:B5P9MD �b*`1yjSZm +1`db ]`SOY1` a �*,W*E SZ\-/* ]`S-W*j*q a a\O+\y Z* ]*abmàVS1 ]\a1k1ZSq ]\/f\/qOkSf aWd31+Zmf ]\Y\kZSV\,D �*V +`*bnqY\-db ,S/1bnE V*V f`SabS*ZaVSy Z*/4S`*Ob1Wn /\W31Z dhSbnE ]`\q,Wqbn ,1`dE /\WO-\b1`]1ZS1 S Wp+\,nD 'b\ ,*3Z*q h*abn\+dh1ZSq +d/dkSf ]*abm`1y w�\3n1-\ab*/*x L5 �1bD 9B6MD

��˚�� ˝��& ˙��

5< �+dh*bn /`d-Sf V`*yZ1 ,*3Z\E ]\b\OYd hb\ , a\+`*ZSqf `*ab1b ]\b`1+Z\abn, aWd3Sb1Wqf 1-\,mD �1b\/mE V\b\O`m1 ]`SY1ZqWS Sada S �*,1W , \+dh1OZSS /`d-SfE /1yab,1ZZm S ]\ a1y /1ZnD 1-\,* f\h1bE hb\+m 1-\ aWd3Sb1WS +mOWS f\`\j\ ]\/-\b\,W1Zm V ,m]\WZ1ZSp`*4WShZmf 4*/*ZSy , f`SabS*ZaV\Y a\O+`*ZSSD �\- /*W Z*Y ]\h1bZ\1 ]\`dh1O

5<D �\h1Yd \+dh*bn /`d-Sf aWd3Sbn �1-\,1V`*yZ1 ,*3Z\H

ZS1 P ]\Y\-*bn Y1Z11 \]mbZmY f`SabSO*Z*Y a\,1`j1Zab,\,*bn a,\S a]\a\+Z\OabSE hb\+m ,m]\WZqbn `*+\bdE V\b\`\yb*VYZ\-\ , a\+`*ZSSD �aW\,Sq ,YS`1 ab*OZ\,qbaq ,a1 fd31E * , /1W1 ]`\]\,1/S Z*YZd3Z\ 1k1 YZ\-\1 a/1W*bnE ]\ob\Yd \+dOh1ZS1 /`d-Sf \h1Zn ,*3Z\ S Z1 b1`]Sb \bOW*-*b1Wnab,D5= �\Z1hZ\E b*V\1 \+dh1ZS1 b`1+d1b

,`1Y1ZS S aSWD �\ , ob\Y /1W1 1-\,* S1-\ Wp+SYmy �mZ \+q4*b1WnZ\ ]\//1Ò3*b Z*a S Z*/1Wqb Yd/`\abnpD �*Vdp 31`*/\abn Ym Sa]mb*1YE d,S/1,E V*V b1E V\OYd Ym ]\Y\-*1YE b`d/qbaq S ]`SW*-*pbdaSWSq , aWd31ZSS �\-dI L5 �SYD 8B5>MD b\31 ,`1Yq Z*Y a*YSY Zd3Z\/*Wnj1 `*aObS /df\,Z\E a\,1`j*q a,qk1ZZ\1 aWd31OZS1 1-\,1D

5=D �\h1Yd ,*jS daSWSq , \+dh1ZSS /`d-SfZ1 ]`\y/db /*`\YH

+dh*yb1 Z\,mf ]`\q,WqbnWp+\,n V a\,1`dpkSYL�Y\b`Sb1 *+4*gm 57 S 58DM

��

��˚��)B5 �+4*g ;D �\b Z1V\b\`m1 a\,1bm �Sada*B 5M ]`\]\O,1/\,*bn \ �*àb,1C 6M +mbn /\,\WnZmYS b1YE hb\/*1b �\-C 7M S4+1-*bn a]\`\, a Wp/nYSC 8M Z*/1Oqbnaq Z* �\-*E ab*WVS,*qan a ]`\bS,\/1yab,S1YC9M Z1 ]\//*,*bnaq ab`*fdD6 �+4*g =D � VZS-1 w�hSYaq , "V\W1 b1\V`*bSh1OaV\-\ aWd31ZSqx Z* ab`*ZSg*f :6P:8 /*pbaq f\O`\jS1 a\,1bmE V\b\`m1 ]\Y\-db Z*dhSbnaq b\YdEV*V ,1abS a Wp/nYS +1a1/d , aWd31ZSSD7 �+4*g 59D � VZS-1 w�hSYaq , "V\W1 b1\V`*bSh1OaV\-\ aWd31ZSqx Z* ab`*ZSg*f 96P:5 \+lqaZq1bOaqE V*VS1 V*h1ab,* Z1\+f\/SYmE hb\+m ab*bn f\O`\jSY \`*b\`\YD

ˇ 'b\ +mW WSjn \/SZ S4 YZ\-Sf aWdh*1,E V\-/*,`*-S Sada* \ad3/*WS 1-\ S 1-\ dh1ZSV\,D �\OSa11,\Y 4*V\Z1 +mW\ YZ\31ab,\ dV*4*ZSy \ b\YEV*V a\f`*Zqbn `Sbd*WnZdp hSab\bd , aSbd*gSqfEa,q4*ZZmf a Sab1h1ZS1Y S4 ]\W\,mf \`-*Z\,E]`\V*4\y S ]`SV\aZ\,1ZS1Y V b`d]d h1W\,1V*SWS 3S,\bZ\-\D �*V31 b*Y /*,*WSan dV*4*ZSq \b\YE V*V Y\3Z\ \hSabSbnaqB /Wq ob\-\ b`1+\,*OW\an ]`SZ1abS 31`b,dE ,mYmbnaq SWS a\,1`jSbn\V`\]W1ZS1 L�1,DE -W*,m 55P59C SaDE -W*,* 5=MD d/1yaVS1 `*,,SZm ]\/`\+Z\ `*4lqaZqWS ,a1

obS dV*4*ZSqD �\-W*aZ\ \/Z\Yd Sab\hZSVdE V*3O/*q ]`ShSZ*E ]\ V\b\`\y h1W\,1V Y\- ab*bn Z1OhSabmYE ]\/,1`-*W*an wbk*b1WnZ\Yd SaaW1/\,*OZSpB , V*VSf SY1ZZ\ \+ab\qb1Wnab,*f ob\ Y\-W\]`\S4\ybSE V*V S , V*V\y ab1]1ZS ob* Z1hSab\b*Y\-W* ]1`1/*bnaq /`d-SYE V*VS1 a\ad/m S ]`1/OY1bm Y\-WS ab*bn Z1hSabmYSE * V*VS1 Z1b SE Z*OV\Z1gE a ]\Y\knpV*VSf a`1/ab, S `Sbd*W\, Y\3OZ\ +mW\ \hSabSbnaqxD

�`\bS,ZSVS Sada* a]`\aSWS 1-\B w�\h1Ydb,\S dh1ZSVS Z1 ]\abd]*pb ]\ b`*/SgSS ]`1/V\,E* 1/qb \aV,1`Z1ZZmYS `dV*YSHx L�*`D ;B9MD �1hnjW* Z1 \ a\+Wp/1ZSS Z\`Y -S-S1ZmD �*,,SZmaW1/\,*WS \]`1/1W1ZZ\Yd `Sbd*WdE b`1+dpk1YdEhb\+m ]1`1/ 1/\y h1W\,1Vd Z* `dVS WSWS ,\/dD ,mj1d]\YqZdb\Y Sab\hZSV1 -\,\`SbaqB w�*V31,1WSan a]\`m \ b\YE S4 V*VSf a\ad/\, WSbn ,\/dEV*Vdp Sa]\Wn4\,*bn ,\/dE Vb\ 11 /\W31Z WSbn S/\ V*VSf -`*ZSg aW1/d1b \Ym,*bn `dVSxD�*V Sada \bZ\aSWaq V\ ,a1Y obSY ]`S/dO

Y*ZZmY Wp/nYS 4*V\Z*YH �Z aV*4*W Sd/1yaVSY`1WS-S\4ZmY `dV\,\/Sb1WqYB w�Sg1Y1`mE ,1`OZ\ ]`\`\h1ab,\,*W \ ,*a a*SqE V*V Z*]Sa*Z\Bt'b\b Z*`\/ hbSb Y1Zq -d+*YSE Z\ Sf a1`/g*d/*W1Zm \b Y1ZqD �*]`*aZ\ \ZS ]\VW\ZqpbaqYZ1E ]\b\Yd hb\ Sf dh1ZSq ,a1-\ WSjn h1W\,1Oh1aVS1 4*]\,1/SrD �ab*,Wqq 4*]\,1/S �\-*E ,mb,1`/\ / ‹1`3Sb1an h1W\,1h1aVSf b`*/SgSyx L�*`D;B:P<MD

��% ��˚�˚•

�\h1Yd ]`\bS,ZSVS �Sada* ]\/ZqWS ,\]`\a \ Ymbn1 `dVH

7>

w�˚ ,\yZm ]`\jWmf W1b Z1 S/db ZS , V*V\1 a`*,OZ1ZS1 a b1YE hb\ ]`\Saf\/Sb a1yh*a , ˚,`\]1xD�*V ,w�b\`\31,\y +*jZ1x \b 5 a1Zbq+`q 5=59 -\/* \]SamO,*W*an �1`,*q YS`\,*q ,\yZ*E , V\b\`dp , Sb\-1\V*4*W\an ,bqZdb\ \V\W\ 7> ab`*ZD \b hb\ a\\+k*OW\an , w�b\`\31,\y +*jZ1x \ aSbd*gSSE ,m4,*ZZ\y,\1ZZmYS /1yab,SqYSB w Z1V\b\`mf ab`*Z*fE \a\O+1ZZ\ , �1`Y*ZSS S �`*ZgSSE aWd31ZS1 ��*àb,d�4*b`d/Z1Z\xD b\ ,`1Yq V*V ,\1ZZmy V\ZeWSVbE \f,*bS,jSy

,1an YSÈ +mW , a*Y\Y `*4-*`1E aaW1/\,*b1WS �S+OWSS Z1 /\ V\Zg* ]\ZSY*WSE hb\ 4Z*hSb a\f`*Zqbnf`SabS*ZaVSy Z1yb`*WSb1bD �/Z*V\ \ZS +mWS `1OjSb1WnZ\ Z*ab`\1Zm ]`\,\4-W*j*bn +W*-dp ,1abnDSWn-1WnY �SWn/1+`*Z/b f\b1W aWd3Sbn �*àb,d S4*V*4*W Z1V\b\`\1 V\WSh1ab,\ oV41Y]Wq`\, w˚31OY1aqhZSV* aaW1/\,*b1W1y �S+WSSx Z* e`*Zgd4OaV\Y q4mV1D �Z Z*f\/SWaq ,\ �`*ZgSS Z1 V*V `*4OZ\ahSV VZS- L]\WZ\,`1Y1ZZmy ]`\]\,1/ZSVME * V*VZ1Y1gVSy a\W/*bD �/1bmy ,\ ,`*31aVdp e\`YdE\Z Z1a e`*Zgd4*Y ,1abn YS`*E h1Y ,m4m,*W SfV`*yZ11 Z1/\dY1ZS1D

�d/q ]\ ]SanY*YE \]d+WSV\,*ZZmY , w�b\`\31O,\y +*jZ1xE SWn-1WnY +mW Z1 1/SZab,1ZZmY aOaW1/\,*b1W1Y �S+WSS S4 �1`Y*ZSSE V\b\`my /1WSWOaq +W*-\y ,1abnp \ �*àb,1E Z*f\/qan Z* ,\yZ1D�`*b �1YV1E V\b\`my aWd3SW ,\ eW\b1E a\\+kSWEhb\ ]qb1`\ 1-\ a\aWd3S,g1, ]`\q,SWS SZb1`1a V SaObSZ1D �Z Z*]Sa*WB w˙*31 Z* +\`bd V\`*+Wq q aW*,OWp 1-\,dE ]\3SZ*q ]W\/mxD�1\`- �*y41` dj1W Z*e`\Zb a\W/*b\YE * ,1`ZdWaq

aWd3Sb1W1Y SabSZZ\-\ �\-*D �*V ob\ ]`\S4\jW\H�*VSYOb\ \+`*4\Y V Z1Yd ]\]*W\ \/Z\ S4 S4/*ZSy aaW1/\,*b1W1y �S+WSSE 1-\ 4*b`\ZdW* ,1abn \ �*Òab,1E S \Z \bV*4*Waq +`*bn , `dVS \`d3S1D ˛*b1Y \ZaWd3SW , Z1ab`\1,mf h*abqfD �\aW1 ,\yZm �1\`-YZ\-\ W1b +mW `1,Z\abZmY ]S\Z1`\YD�\bq aaW1/\,*b1WS �S+WSS Z1 /\ V\Zg* ]\ZSO

Y*WSE hb\ \4Z*h*1b a\f`*Zqbn Z1yb`*WSb1bE a,\OSY Z*ab`\1Y S ]\,1/1ZS1Y \ZS `14V\ ,m/1WqWSanZ* e\Z1 /`d-Sf Wp/1yE V\b\`m1 S /1yab,SqYSE SaW\,*YS ]\//1`3S,*WS ,\yZdD b\ ,`1Yq V*V ]\OWSbSVS S g1`V\,Zm1 `dV\,\/Sb1WS \bV`mb\ \/\O+`qWS ,\1ZZm1 /1yab,SqE aaW1/\,*b1WS �S+WSS

�˛ ��"��

w�W*,Wp 1-\,dE]\3SZ*q ]W\/mx

�\-*ZZ1a �*db1 , ]`\]\,1/ZSh1aV\Y aWd31ZSSD �1`\qbZ\E 5=6>O1 -\/m

w1

6.0

8-U

16

04

27s

�1a]W*bZ\ aV*h*yb1ob\b 3d`Z*W S /`d-S1]d+WSV*gSS

�m b*V31 Y\31b1hSb*bn w�1`1,\/Z\,\-\ YS`*x \ZW*yZ

˛*y/Sb1 Z* a*ybwww.jw.org/ru SWS\baV*ZS`dyb1 V\/

no

p

+mWS ]`1/*Zm w�Zq4p YS`*x L aD =B:MD �\bq Z1 ,a1f`SabS*Z1 ]`S/1`3S,*WSan ab`\-\-\ Z1yb`*WSb1Ob*E d ZSf +mW* b*V*q 31 b,1`/*q d+13/1ZZ\abnE V*VS d aaW1/\,*b1Wq �S+WSS �\Z`*/* � �1`bb1`*E V\Ob\`my aV*4*WB w 4 �\3n1-\ �W\,* q qaZ\ ]\ZqWE hb\f`SabS*ZSZ Z1 /\W31Z d+S,*bnx L afD 6>B57M�D �1`Y*ZSSE -/1 4*V\Z Z1 \a,\+\3/*W \b ,\1ZZ\y

aWd3+m b1fE Vb\ ]\ a,\SY d+13/1ZSqY ]`S/1`3SO,*Waq Z1yb`*WSb1b*E +\W11 6> aaW1/\,*b1W1y �S+OWSS \bV*4*WSan SY1bn V*VdpOWS+\ ]`Sh*abZ\abn V,\1ZZmY /1yab,SqYD �1V\b\`mf S4 ZSf a\hWS /dOj1,Z\ +\WnZmYSD �*V ]`\S4\jW\ a �dab*,\Y �dy*Ob\YD ˚-\ ]\Y1abSWS , ]aSfS*b`Sh1aVdp W1h1+ZSgdE-/1 1Yd ]`SZd/Sb1WnZ\ ,,\/SWS aSWnZ\/1yab,dpO

� �Sb*yb1 \ b\YE hb\ ]1`13SWS +`Sb*ZaVS1 �aaW1/\,*b1WS�S+WSS ,\ ,`1Yq �1`,\y YS`\,\y ,\yZmE , ab*bn1 wZS ,mOab\qWS , th*a Sa]mb*ZSqrx , `d+`SV1 w�4 Z*jSf *`fS,\,x ,w�b\`\31,\y +*jZ1x \b 59 Y*q 6>57 -\/*D

kS1 ]`1]*`*bmD �*Za � �1Wnb1`f\ee b*V31 \bV*4*WOaq \b ,\1ZZ\y aWd3+m S ]\]*W , bp`nYdD �*Y \Z Z1a\-W*j*Waq ,m]\WZqbn ZSV*Vdp `*+\bdE a,q4*ZZdpa ,\yZ\yD �f`*ZZSVS Z*/1WS Z* Z1-\ aYS`Sb1WnOZdp `d+*jVd S Z1 aZSY*WS 11E ]\V* 1-\ V\Z1hZ\abSZ1 \Z1Y1WSD �\ aW\YSbn 1-\ Z1 d/*W\anE S b\-/* \ZSa/1W*WS ,S/E hb\ a\+S`*pbaq 1-\ V*4ZSbnD �1aY\bO`q Z* ,a1 Sa]mb*ZSqE �*Za \ab*Waq Z1]\V\W1+SYmY/\ V\Zg* ,\yZmD˙`d-S1 +`*bnqE V\b\`mf ]`S4,*WS Z* ,\1ZZdp

aWd3+dE \bV*4*WSan +`*bn , `dVS \`d3S1 S ]\]`\aSOWS Z*]`*,Sbn Sf , Z1ab`\1,m1 h*abS�D �/ZSY S4 ZSf+mW \-*ZZ1a �*db1E V\b\`\-\ \b]`*,SWS `*+\b*bnZ* 31W14Zdp /\`\-dD �\Z`*/� �1`bb1` ,m]\WZqW `*O+\bd a*ZSb*`*E * �*yZf\Wn/ 1+1` +mW Y1/+`*b\YD�d-dab �`*egS- +mW `*/ b\YdE hb\ ]\ `\/d a,\1y/1qb1WnZ\abS 1Yd Z1 Zd3Z\ +mW\ S/bS Z* e`\ZbD'bS S /`d-S1 aaW1/\,*b1WS �S+WSS +mWS b,1`/\Z*ab`\1Zm aWd3Sbn 1-\,1 , a\-W*aSS a\ a,\SY ]\OZSY*ZS1Y b\-\E V*V ]`\q,Wqbn Wp+\,n S ]`1/*ZOZ\abnD�\4SgSq aaW1/\,*b1W1y �S+WSS ,\ ,`1Yq ,\yO

Zm ]`S,W1VW* V ZSY ,ZSY*ZS1 ,W*ab1yD ]\aW1/dOpkS1 -\/m ]`\bS, aaW1/\,*b1W1y �S+WSS , �1`OY*ZSS S4O4* Sf ]`\]\,1/ZSh1aV\y /1qb1WnZ\abS+mWS ,\4+d3/1Zm bmaqhS ad/1+Zmf /1WD ˙Wq \V*4*OZSq ]\Y\kS +`*bnqY eSWS*W , �*-/1+d`-1 a\4/*Wp`S/Sh1aVSy \b/1WD�,S/1b1WS 1-\,m ]\ab1]1ZZ\ ]`Sf\/SWS V +\O

W11 b\hZ\Yd ]\ZSY*ZSp ,\]`\a* f`SabS*ZaV\-\Z1yb`*WSb1b*D �\-/* `*4`*4SW*an b\`*q YS`\,*q,\yZ*E \ZS a\f`*ZqWS Z1yb`*WSb1bE ]\WZ\abnp \bOV*4m,*qan \b ,\1ZZ\y aWd3+mD �\ob\Yd Sf ahSb*WS,`*-*YS -\ad/*`ab,* S 31ab\V\ ]`1aW1/\,*WSD �\ob\ d31 /`d-*q Sab\`SqE \ V\b\`\y Ym 1k1 `*aaV*O31Y , ob\y `d+`SV1D L�4 Z*jSf *`fS,\, , 1Zb`*WnOZ\y ˚,`\]1DM

� �*V\y a\,1b /*,*Waq , VI b\Y1 b`d/* w�*aa,1b YSWW1ZSdOY*x L5=>8ME * b*V31 , Z1Y1gV\Y S4/*ZSS w�S\ZaV\y ab\`\31O,\y +*jZSx 4* *,-dab 5=>: -\/*D � w�b\`\31,\y +*jZ1x 4*a1Zbq+`n 5=59 -\/* +mW\ \]d+WSV\,*Z\ db\hZ1ZZ\1 ]\ZSOY*ZS1 ob\-\ ,\]`\a*D �*Y -\,\`SW\anE hb\ �aaW1/\,*b1WqY�S+WSS aW1/d1b \bV*4m,*bnaq \b ,\1ZZ\y aWd3+mD /Z*V\ ,Z1Y1gV\Y S4/*ZSS ob\y ab*bnS Z1 +mW\D

�*Za � �1Wnb1`f\ee Sa]\Wn4\,*W obd `dhZdp b1W13VdEhb\+m `*a]`\ab`*Zqbn 3d`Z*Wm w˛\W\b\y ,1Vx

http://www.jw.org/finder?wtlocale=U&srcid=pdf

http://www.jw.org/finder?wtlocale=U&docid=1011209&srcid=pdf

http://www.jw.org/finder?wtlocale=U&docid=1011208&srcid=pdf

http://www.jw.org/finder?wtlocale=U&srcid=pdf

СТОРОЖЕВАЯ БАШНЯ (ВЫПУСК ДЛЯ ИЗУЧЕНИЯ) АВГУСТ 2016

Documents