СТОРОЖЕВАЯ БАШНЯ (ВЫПУСК ДЛЯ ИЗУЧЕНИЯ) ОКТЯБРЬ 2016

34567��)��& 6>5:

��&� ˙�) �˛��˚�)� 6< ��)��) � 69 ˙˚��) 6>5: ��˙

The Watchtower (ISSN 0043-1087) Issue 15 October 2016 is published monthly withan additional 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 �� )�\/`*3*p b1YE Vb\ ]\/*,*W YZ1]`1V`*aZmy ]`SY1`

��

< 6< ��)��) P 8 ˙˚��)

1 4*+m,*yb1 \ /\+`\b1V Z14Z*V\Yg*Y

57 9P55 ˙˚��)

ab*,*yb1an /df\,Z\ V`1]VSYSEaWd3* , SZ\q4mhZ\Y a\+`*ZSS

� ]\aW1/ZS1 -\/m Z*jS a\+`*ZSq ab*Z\,qbaq ,a1+\W11 YZ\-\Z*gS\Z*WnZmYSD �1`,*q ab*bnq `*aOaV*4m,*1b \ b\YE V*V , a\+`*ZSS ]`\q,Wqbn SaOV`1ZZpp Wp+\,n V b1YE Vb\ ]`S1f*W S4 /`d-\yab`*ZmD �4 ,b\`\y ab*bnS Ym d4Z ‹*1YE V*V b1E Vb\]1`1j1W , SZ\q4mhZ\1 a\+`*ZS1E Y\-db \ab*,*bnOaq /df\,Z\ V`1]VSYSD

��

5< �`*ZSb1 WS ,m w]`*VbSh1aVdpYd/`\abnxH

��

65 56P5< ˙˚��)

�V`1]Wqyb1 ,1`d , b\E Z* hb\Z*/11b1an

6: 5=P69 ˙˚��)

�`\q,Wqyb1 ,1`d , \+1k*ZSq �1-\,m

� obSf ab*bnqf `*aaY*b`S,*pbaq /,* *a]1Vb*,1`mE d]\YqZdbm1 , ˚,`1qY 55B5D � ]1`,\y ab*bn1\+ad3/*1baqE V*V Y\3Z\ `*4,S,*bn S dV`1]Wqbn,1`dD �\ ,b\`\y `*aaV*4m,*1baqE hb\ Z*ab\qk*q,1`* P ob\ -\`*4/\ +\Wnj1E h1Y ]`\ab\ 4Z*ZSq\ b\YE V*VS1 +W*-\aW\,1ZSq ]`S-\b\,SW /Wq Z*a�1-\,*D

��

75 ˛�˚�˚ �� %H

34567 October 2016Vol. 137, No. 15 RUSSIAN

� ��˝�˚B

�(��˚�� `*bnqE aWd3*kS1 Z* /1W\,\y b1``Sb\`SSE ]`\]\O,1/dpb , *,b\Y*ab1`aV\yD ZS ]`1/W*-*pb +dVW1bw�b\ /Wq ,*a �S+WSqHxE \+`*k*q ,ZSY*ZS1 a\+1Oa1/ZSV* Z* �W\,\ �\-*

��˚�˚�˚

9:6 =9<�˛�˚#��˚��

6 >9<� 6>59 ˙� � �˚�˚�˚��

7 <=9

�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 >>>

) ��˙��) 5> /1V*+`q 5=7: -\/* , -\`\/1 �ShSb\Ljb*b �*Z4*aE �"M S +mW ab*`jSY S4 h1bm`1f /1Ob1yD\S `\/Sb1WSE �SWnqY S˙3SZE aWd3SWS�1-\O,1D �b1g +mW aWd3Sb1W1Y b\,*`Sk1ab,* Lb*V b\-/*Z*4m,*WS +`*bn1,E +`*,jSf `dV\,\/ab,\ , a\+`*OZSSMD *Y* d4Z*W* +S+W1yaVdp SabSZd \b a,\1yY*YmE'YYm�*-Z1`D 'YY* S4dh*W* �S+WSp a\YZ\O-SYS Wp/nYSE , b\Y hSaW1 a �1`b`d/ �bSWD �Z*YZ\-\ W1b aWd3SW* YSaaS\Z1`\Y , do`b\O�SV\�D� a*Y\-\ /1bab,* `q/\Y a\ YZ\y +mWS b1E Vb\ ]\/*O,*W YZ1 ]`1V`*aZmy ]`SY1`D

�(˙ E ��%� ) ��˚� �˙�˝�&

�/ZSY ad++\bZSY ,1h1`\Y P YZ1 b\-/* +mW\]qbn W1b P Ym a \bg\Y ]`1/W*-*WS Z* dWSg1 3dÒZ*Wm w�b\`\31,*q +*jZqx S w�b1j1ZS1x Lb1]1`nw `\+d/Sb1anIxMD � `*4-*`1 +mW* �b\`*q YS`\,*q,\yZ*D �/`d- \bVd/*Ob\ ]\q,SWaq ]nqZmy Yd3hSZ*L\Z +mW /\Vb\`\YM S ab*W \am]*bn \bg* `d-*b1WnOab,*YSD �Z \+\4,*W 1-\ b`da\Y S ]`1/*b1W1Y 4* b\Ehb\ \b1g a\f`*ZqW f`SabS*ZaVSy Z1yb`*WSb1b S Z1j1W ,\1,*bnD \/\y/q V \bgd ,]W\bZdpE \Z ,mOV`SVZdWB w�mE 3*WVSy b`daI �d /*,*yE d/*`n Y1ZqIx�\bq q +mW Z*]d-*ZE q Z1 Y\- Z1 ,\afSk*bnaq a,\OSY \bg\YD �*V ZS , h1Y Z1 +m,*W\ \Z ]`\/\W3*W]`1/W*-*bn 3d`Z*Wm a\+`*,j1yaq ,\V`d- Z*a b\WO]1D �\-/* V Z*Y ]\/\j1W a\W/*bE Yd3hSZ* 4*,\]SWBw�f,*bSb1 ob\-\ b`da*Ix �\W/*bE ,S/qE hb\ b\b h1W\O,1V ]nqZE aV*4*W 1YdB w�/S /\Y\y S ]`\a]SanIx�ZS djWSD �a]\YSZ*q ob\b aWdh*yE q ]\ZSY*pE hb\ob\ �1-\,* Z*/1WSW b\-/* Y\1-\ \bg* Yd31ab,\YD� �ShSb\ \b1g ,W*/1W /,dYq Yd3aVSYS ]*`SVOY*f1àVSYSE S b\b /\Vb\` +mW 1-\ VWS1Zb\YD�\-/* YZ1 Sa]\WZSW\an ,\a1Yn W1bE `\/Sb1WS

]`\/*WS Z*j /\Y S ]*`SVY*f1àVS1E ]`S\+`1WS/\Y Z* V\W1a*f S ]1`11f*WS , �\W\`*/\Ehb\+m aWdO3Sbnb*YE -/1 Z1 f,*b*1b ]`\]\,1/ZSV\,Dm `*a]\OW\3SWSan Z1]\/*W1Vd \b -\`\/* �`*Z/O˙3*ZVj1ZD\S `\/Sb1WS aWd3SWS ]S\Z1`*YS S `*+\b*WS Z1O]\WZmy /1Zn Z* e1`Y1D �1-\,* +W*-\aW\,SW Sf

� �Y\b`Sb1 w�b\`\31,dp +*jZpx \b 5 Y*q 5=9: -\/*E ab`*OZSgm 6:=P6;6 L*Z-WDME S \b 59 Y*`b* 5=;5 -\/*E ab`*ZSgm5<:P5=> L*Z-WDME -/1 `*aaV*4m,*1baq \ b\YE V*V hW1Zm a1YnS�bSW aWd3SWS YSaaS\Z1`*YSD

� �� )

\/`*3*p b1YEVb\ ]\/*,*W YZ1]`1V`*aZmy ]`SY1`��˛� �� ˚•

P �m 4Z*1jnE aV\WnV\ YZ1 W1bH Pa]`\aSW qDP �\Z1hZ\E 4Z*pEP \b,1bSW�a*V �*`1yE 4,\ZS,jSy YZ1, �\W\`*/\ S4 �*bb1à\Z*Ljb*b npO•\`VE �"�MD �*VS1a\+mbSq ]`1/j1ab,\,*WS ob\Yd`*4-\,\`dH �\b Y\q Sab\`SqD

7

8 ��˝˚��) ��")

`1,Z\abZ\1 aWd31ZS1E S , Sb\-1 , b\y Y1abZ\abS\+`*4\,*W\an a\+`*ZS1D 6> SpZq 5=8< -\/* \b1gV`1abSW , -\`Z\y `1hV1 Y1Zq S 1k1 Z1aV\WnVSf h1OW\,1VE , b\Y hSaW1 �SWWS �SV\W4* S 1-\ 31ZdD �]dOabq V*V\1Ob\ ,`1Yq \ZS ab*WS dh*ab,\,*bn , `*4l14O/Z\Y aWd31ZSSD �f amZ S Z1,1abV* ]\4/Z11 ]\WdOhSWS b*V\1 31 Z*4Z*h1ZS1Dm h*ab\ ]`\,\/SWS ,`1Yq ,Y1ab1 a +`*bnqYS S

a1ab`*YSE V\b\`m1 \b/*,*WS ,a1 a,\S aSWm aWd31OZSp �*`ab,dE S \+k*WSan a ZSYS Z* /df\,Zm1 b1OYmD �a\+1ZZ\ YZ1 Z`*,SW*an a1Ynq �bSW P ˙\ZS '`WSZE ˙1y, S ˙3dWSqE �*y S *`b*E V\b\`m1aSWnZ\ ]\,WSqWS Z* Y\p 3S4ZnD �f ]`SY1` ]\V*O4*WE hb\E 1aWS ab*,Sbn SZb1`1am �*`ab,* Z* ]1`,\1Y1ab\E 3S4Zn Z*]\WZSbaq SabSZZmY aYmaW\Y Sah*abn1YD

�� &

�\-/* YZ1 +mW\ 5= W1bE �*/ �1yabSE /`d- Z*j1ya1YnSE ]`1/W\3SW YZ1 ]\1f*bn a ZSY Z* p- �\1/SOZ1ZZmf "b*b\,E hb\+m aWd3Sbn b*Y ]S\Z1`*YSD�*y\ZZmy Z*/4S`*b1Wn ]\]`\aSW Z*a ]1`11f*bn ,�*ab\Z Ljb*b �dS4S*Z*ME -/1 YZ\-S1 �,S/1b1WSab*WS Z1*VbS,ZmYSD �*Y Zd3Z\ +mW\ ]`\,\/Sbn,ab`1hS V*3/dp Z1/1WpE aV\WnV\ +m h1W\,1V Z*ZSf ZS ]`Sf\/SW\D m Z*jWS ]\/f\/qk11 ]\Y1k1OZS1 /Wq ,ab`1h S ]`S,1WS 1-\ , ]\`q/\VD �*V\1Ob\

,`1Yq Z* ,ab`1h*f +mWS b\WnV\ Ym ,/,\1YD m ]\\h1`1/S ,mabd]*WS a\ ,a1YS h*abqYS ]`\-`*YYmP\/SZ S4 Z*a +mW Z* ag1Z1E * ,b\`\y \b,1h*W Z* ,\O]`\amD hb\+m ]\V*4*bn /1Y\Zab`*gSpE Ym \+*,mf\/SWS Z* ag1Zd S ,mabd]*WS ]1`1/ ]dabmY 4*OW\YD �\ ,`1Y1Z1Y V Z*Y ]`Sa\1/SZSW*an ]\3SW*qa1ab`*D \b\Y Z* ,ab`1hS ab*WS ]`Sf\/Sbn S4dh*pOkS1 �S+WSpE * b*V31 Z1*VbS,Zm1 +`*bnq S a1ab`mD�aV\`1 a\+`*ZS1 \V`1]W\ S ab*W\ ]`\g,1b*bnD�/Z*3/m Z*Y a �*/\Y ,ab`1bSWaq aWd3Sb1Wn

�1`V,S �`Sab*D �Z ab*W -\,\`Sbn \ +S+W1yaVSfabSf*fE V\b\`m1 +mWS YZ1 ]W\f\ 4Z*V\YmD 'b\b`*4-\,\` 4*ab*,SW Y1Zq a1`n14Z\ 4*/dY*bnaq Z*/b1YE ,\ hb\ q ,1`SWD �1WdpZ1/1Wp q /\ ]\4/Z1y Z\OhS SaV*W \b,1bm Z* ,\]`\amE V\b\`m1 ]\/ZqW b\bh1W\,1VD 'b\ ]\Y\-W\ YZ1 db,1`/Sbnaq , SabSZ1D 1k1 YZ1 \h1Zn 4*f\b1W\an ,Z\,n ,ab`1bSbn V*V\O-\OZS+d/n ]`\]\,1/ZSV*D�aV\`1 ]\aW1 ob\-\ `*y\ZZmy Z*/4S`*b1Wn ]\O

]`\aSW Y1Zq ]1`11f*bn , 'WnO˙\`*/\ Ljb*b `V*ZO4*aME hb\+m ]\Y\hn Y1abZ\Yd a\+`*ZSpD Z1 ]`SOf\/SW\anh*ab\ 14/Sbn ,jb*b �\W\`*/\E b*V V*V Y1OZq ,m4m,*W* ]`S4m,Z*q V\YSaaSqD � \/Z\y S4b*VSf ]\14/\V a\ YZ\y +mWS /`d-S1 ]S\Z1`mD � �1Of*a1 Ym ]\]*WS , *,*`SpE S Y\q Y*jSZ* ]`1,`*bSOW*an , -`d/d 31W14*D m ]\4,\ZSWS \/Z\Yd +`*bdEV\b\`my aZ*h*W* \b,14 Z*a V a1+1 /\Y\yE * ]\b\Y

b1g ]`1/W*-*1b Z* dWSg13d`Z*Wm ]`\f\3SY

˚/1Y a `\/Sb1WqYS Z* V\Z-`1aa, �ShSb\ L5=8>O1 -\/mM

��)��& 6>5: 9

Z* ,ab`1hd a\+`*ZSqD �* ,ab`1h1 \+lq,SWS \ b\YEhb ‹\ a Z*YS aWdhSW\anD � Z*Y ]`\q,SWS +\Wnjdp/\+`\bd S ]\Y\-WS /1Zn-*YSD �`\Y1 b\-\E b\b +`*b]`\/*W Y\p Y*jSZdE ,m`dhS, 4* Z11 69 /\WW*`\,Dm /\+`*WSan /\ �ShSb\E -/1 aWd3SW ]S\Z1`\Y

+WS4VSy /`d- Z*j1y a1YnS ',1`S/3 *VV*`bZSD�Z1-\ +mW\ /,* amZ*O+WS4Z1g*E �òZV S �`*ZaSaEV\b\`m1 /\ aSf ]\` \ab*pbaq Y\SYS WdhjSYS /`dO4nqYSD �ZS ]`\/*WS YZ1 a,\p ab*`1ZnVdp Y*jSZd4* 69 /\WW*`\, P * ,1/n SY1ZZ\ ab\WnV\ q ]\WdhSW4* a,\y `*4+Sbmy *,b\Y\+SWnD �\-/* q ,]1`,m1 qaOZ\ d,S/1WE hb\E 1aWS �\3n1 �*àb,\ d Y1Zq Z* ]1Ò,\Y Y1ab1E �1-\,* /*ab YZ1 ,a1E hb\ Zd3Z\D �\-/* q+mW , -\abqf d*VV*`bZSE \ZS ]\4Z*V\YSWSY1Zq a\h*`\,*b1WnZ\y a1ab`\y �1b1W �òyZD ˚1 Y*Y* �db`1,Z\abZ\ ]`\]\,1/\,*W* , �1WWSZ-b\Z1 Ljb*b�*Z4*aMD �Z* Z1 ]`1V`*k*W* aWd3Sbn ]S\Z1`\Y S ,=> W1bD � 5=9<OYE Y1Znj1 h1Y h1`14 -\/E Ym a �1b1W]\31ZSWSan S ab*WS ,Y1ab1 aWd3Sbn ]S\Z1`*YS, 'WnO˙\`*/\D

��%• ��

\`*4YmjWq, Z*/ ]`1V`*aZmYS ]`SY1`*YS b1fEV\-\ Ym 4Z*WS a /1bab,*E Ym `1jSWSE hb\E 1aWS ]\Ob`1+d1baqE ]`SY1Y Wp+\1 ]`S-W*j1ZS1 \b \`-*OZS4*gSS �1-\,mD �*a Z*4Z*hSWS a]1gS*WnZmYS]S\Z1`*YS , �\WZ*bO�S/3 Ljb*b `V*Z4*aMD ,

5=:6 -\/d Z*a 3/*W Z\,my ]\,\`\b P Ym ]\WdhSWS]`S-W*j1ZS1 , 7;Oy VW*aa "V\Wm �*W**/D � V*V 31Ym \+`*/\,*WSanE d4Z*,E hb\ Z*jSY \/Z\VW*aaZSOV\Y +d/1b ˙\Z �bSWI \aW1 \V\Zh*ZSq "V\WmZ*a Z*4Z*hSWS , �*y`\+S L�1ZSqMD \VS/*q �npO•\`VE Ym 1/,* a/1`3S,*WS aW14mE Z\E V\-/* Z*a,ab`1bSWS +`*bnq , *o`\]\`bd �*y`\+SE Ym aZ\,*hdbn Z1 4*]W*V*WS P b1]1`n \b `*/\abSDm ]`\ab\ ,Wp+SWSan , �1ZSpE * aWd31ZS1 b*Y

+mW\ Z14*+m,*1YmYI �`Sa S o`S �*Z*y* +mWS]1`,mYSE a V1Y Ym Z*h*WS S4dh*bn �S+WSp S Vb\a/1W*W /df\,Zm1 da]1fSD �ZS /\ aSf ]\` aWd3*b]\WZ\,`1Y1ZZ\ , �1ZSSD � aW1/dpk1Y -\/d Z*a ]\O]`\aSWS ]1`11f*bn , �*Y]*WdE ab\WSgd �-*Z/mD�*VYm ab*WS ]1`,mYS YSaaS\Z1`*YS , ob\y ab`*Z1D'b\ +mW\ ]`1V`*aZ\1 ,`1YqB YZ\-S1 Wp/S3S,\ SZOb1`1a\,*WSan +S+W1yaV\y SabSZ\y S ab*Z\,SWSanZ*jSYS +`*bnqYS S a1ab`*YSD �\ a]dabq b`S a ]\OW\,SZ\y -\/* Ym ,1`ZdWSan , �\1/SZ1ZZm1 "b*ObmD � Z*a /\W31Z +mW `\/Sbnaq `1+1Z\VD \VS/*qe`SVdE Ym Z1 Y\-WS a/1`3*bn aW14 P dW1b*bn \bOap/* +mW\ 1k1 bq31W11E h1Y V\-/*Ob\ S4 �npO•\ÒV*D m ,a1Y a1`/g1Y ]\Wp+SWS Y1abZmf 3Sb1W1y S, -Wd+SZ1 /djS Z*/1qWSan ,1`Zdbnaq \+`*bZ\D

�� ) ��˙ �˚�)�

m ]\a1WSWSan Z* 4*]*/1 �\W\`*/\E `q/\Y a Y\OSYS `\/Sb1WqYSD �aV\`1 `\/SW*an Z*j* ]1`,*q/\hn �SY+1`WSE * 1k1 h1`14 ]\Wb\`* -\/*P �b1e*OZSD m \bZ1aWSan V a,\1y Z\,\y `\WS \h1Zn a1O`n14Z\ P V*V V Z\,\Yd Z*4Z*h1ZSpD m ab`1YSOWSan ]`S,Sbn /\hV*Y Wp+\,n V SabSZ1D �*Y f\b1OW\an ]\/`*3*bn ]`SY1`d Z*jSf /`d41y S +WS4VSfD�/Z*V\ Ym b`14,\ aY\b`1WS Z* ,1kS S ]\ZSY*WSEhb\E f\bq f\`\jSy ]`SY1` Y\31b aSWnZ\ ]\,WSqbnZ* /1b1yE Z1b -*`*ZbSyE hb\ \ZS +d/db aWd3Sbn �1O-\,1D \S YW*/jS1 +`*b S a1ab`* \ab*,SWS SabSZdD�\ q \h1Zn Z*/1panE hb\ V\-/*OZS+d/n \ZS ,1`ZdbOaq , \`-*ZS4*gSp �\-* S aZ\,* +d/db ]\/`*3*bn]`1V`*aZ\Yd ]`SY1`d ,1`Zmf +`*bn1, S a1ab1`D�\a]Sb*ZS1 /1b1y ]`SZ\aSW\ Z*Y \-`\YZdp `*O

/\abnE S Ym ,a1-/* ab*`*WSan ,a1 /1W*bn ,Y1ab1Dm 3SWS Z1/*W1V\ \b a]1Z*E S4,1abZ\-\ -\`Z\OWm3Z\-\ Vd`\`b*E ]\ob\Yd `1jSWS 4*ZSY*bnaq WmO3*YSE hb\+m SZ\-/* V*b*bnaq ,a1y a1Yn1yD \/ZSOY*qan Z* -\`d Z* ]\/l1YZSV1E Ym ,a1-/* \ h1YOb\-\,\`SWS a /\hV*YSD ˚k1 Ym f\/SWS a ZSYS ,

�`\]\,1/d1Y , *y`\+S a �o`SS �`Sa\Y �*Z*y*

: ��˝˚��) ��")

]\f\/mD �*V31Ym Wp+SWS a\+S`*bnaq ,Y1ab1 d V\Oab`* S ,1abS 4*/dj1,Zm1 +1a1/mI ˚k1 , pZ\abS/\hVS 4*/*,*WSan b*VSYS ,\]`\a*YSB h1Y q +d/d4*ZSY*bnaqE V\-/* ,m`*abdH ˛* V*V\-\ h1W\,1V*q f\b1W* +m ,mybS 4*Yd3H m ab*`*WSan dhSbnSf b*VE hb\+m g1ZZm1 /df\,Zm1 SabSZm 4*b`\ZdOWS Sf `*4dY S a1`/g1Dm ]\+d3/*WS Sf ab*,Sbn ]1O`1/ a\+\y g1Wn aWd3Sbn ]\WZ\,`1Y1ZZ\ S ,m+SO`*bn , Yd3nq b\-\E d V\-\ b*V*q 31 g1WnD m f\b1OWSE hb\+m \ZS ]\ZqWSE V*V Yd/`\ Z1 ,abd]*bn ,+`*V aWSjV\Y `*Z\D m /*31 ]`S/dY*WS /1,S4Bw�1`]1WS,\ 3/SE ]\V* Z1 Sa]\WZSbaq f\bq +m 67xD \/`*3*q a,\SY `\/Sb1WqYE Ym ]`SW*-*WS daSO

WSqE hb\+m ,a1y a1Yn1y ]\a1k*bn ,ab`1hS a\+`*OZSq S `1-dWq`Z\ ]`\]\,1/\,*bnD � Z*j1Y /\Y1 ,a1O-/* \ab*Z*,WS,*WSan +`*bnq S a1ab`mE V\b\`m1aWd3SWS ]\WZ\,`1Y1ZZ\D �*V31 Ym YZ\-\ `*aaV*O4m,*WS /1bqY \ b\Y ]`1V`*aZ\Y ,`1Y1ZSE V\-/*aWd3SWS YSaaS\Z1`*YSD m h*ab1ZnV\ -\,\`SWSSYE V*V +mW\ +m 4/\`\,\ ,a1y a1Yn1y al14/Sbn ,e`SVdD 'b* S/1q SY \h1Zn Z`*,SW*anI�* a1Y1yZ\Y ]\VW\Z1ZSS Ym ]\ab\qZZ\ ]`\O

S-`m,*WS aSbd*gSSE V\b\`m1 Y\-WS ]`\S4\ybS ,jV\W1D ˙1,\hVS /\W3Zm +mWS S-`*bn `\Wn �,S/1Ob1W1y S \b,1h*bnZ* `*4Zm1 ,\]`\amD�*VS1 4*ZqbSq+mWS \h1Zn d,W1V*b1WnZmYSE * 1k1 Z*jS /1bS ab*OZ\,SWSan +\W11 d,1`1ZZmYS , a1+1D �b*, ]\ab*Òj1E \ZS SZ\-/* ZmWSE V\-/* Ym a\+S`*WSan ]`\,\O/Sbn a1Y1yZ\1 ]\VW\Z1ZS1D �/Z*3/m q d31 Z14Z*WE hb\ a ZSYS /1W*bnE SE aV*4*,E hb\ a1Y1yZ\-\]\VW\Z1ZSq Z1 +d/1bE ,1W1W SY S/bS , a,\S V\YZ*ObmD ˙1,\hVS \b\`\]1WS \b Y\Sf aW\, S bdb 31 Z*h*OWS ]W*V*bnD �ZS aV*4*WSE hb\ f\bqb S4dh*bnD � bdYSZdbd Ym ]\ZqWSE hb\ ,a1Ob*VS aY\-WS ,4`*abSbn, Sf a1`/g*f +W*-\/*`Z\abn 4* /df\,Z\1D �ZS ]\OWp+SWS S4dh1ZS1E S Ym ,a1-/* ]\+d3/*WS Sf \bOV`mb\ /1WSbnaq a Z*YS a,\SYS YmaWqYS S hd,ab,*OYSD �\Z1hZ\E ]\`\y Z*Y +mW\ +\WnZ\ aWmj*bnEhb\\ZS Z1 a\-W*aZm a V*VSYSOb\ +S+W1yaVSYS dh1ZSOqYSD � ,a1 31 b*V Ym Y\-WS d4Z*bnE hb\ , Sf a1`/g1Dm b1`]1WS,\ `*aad3/*WS a ZSYSE S , Sb\-1 \ZSa\-W*j*WSan a b\hV\y 4`1ZSq �1-\,mD

�� ˚�˚�˚�%

`\1Vb ]\ ,\a]Sb*ZSp /1b1y ]\/\j1W V V\Zgd+mab`11E h1Y Ym /dY*WSD `SY1Zqq a\,1bm �\3n1y

\`-*ZS4*gSSE Ym S4\ ,a1f aSW ab*`*WSan ]`S,SbnSY Wp+\,n V �1-\,1D m +mWS b*V ah*abWS,mE V\-O/* \+1 Z*jS /\h1`S ]\aW1 jV\Wm Z*h*WS aWd3Sbn]S\Z1`*YS S ]\WdhSWS ]`\e1aaSpE hb\+m \+1a]1OhS,*bn a1+qD �Y1ab1 a /,dYq /`d-SYS a1ab`*YS \ZS]1`11f*WS , �WS,W1Z/ Ljb*b �1ZZ1aaSME hb\+m aWdO3Sbn b*YE -/1 Z1 f,*b*1b ]`\]\,1/ZSV\,D �\bq YmaVdh*WS ]\ ZSYE Ym `*/\,*WSan b\YdE hb\ \ZS ]\Oa,qbSWS a,\p 3S4Zn ]\WZ\,`1Y1ZZ\Yd aWd31ZSpDm a �1b1W ,Z\,n ab*WS aWd3Sbn ]S\Z1`*YSE S ]1O`1/ Z*YS \bV`mWSan Z\,m1 ,\4Y\3Z\abSD 1Zq Z*O4Z*hSWS 4*Y1abSb1W1Y `*y\ZZ\-\ Z*/4S`*b1WqE *1k1 q dh*ab,\,*W , ]\/-\b\,V1 V\Z-`1aa\,D 1`1/ b1Y V*V ]1`11f*bn , �1ZZ1aaSE Z*jS /\h1O

`S `1jSWS ]\1f*bn , �\Z/\Z S ]\+m,*WS Z* oVOaVdàSS , +`Sb*ZaV\Y eSWS*W1D �*Y �b1e*ZSE V\Ob\`\y b\-/* +mW\ 5= W1bE ]\4Z*V\YSW*an a Y\W\O/mY ,1eSWng1Y \W\Y �\`b\Z\YD \431E ,\ ,`1Yq1k1 \/Z\y ]\14/VS , �\Z/\ZE �SY+1`WS ]\4Z*V\OYSW*an a \/ZSY S4 a\b`d/ZSV\, \W*E �`*y*Z\Y�WdoWWSZ\YD \W S �b1e*ZS ]\31ZSWSanE Z\ WSjn]\aW1 b\-\E V*V 1y Sa]\WZSW\an 67D � aW1/dpk1Y-\/da,*/n+dam-`*WS �`*y*Z S�SY+1`WSE V\b\`\y+mW\ 69D ˙\hVS \ab*WSan ,1`ZmYS Z*j1Yd /1,S4dBw�1`]1WS,\ 3/SE ]\V* Z1 Sa]\WZSbaq f\bq +m 67xDm +mWS \h1Zn /\,\WnZm Sf ,m+\`\YD \ aW\,*Y /\h1`1yE Z*j ]`SY1È * b*V31 ]`SY1`

Z*jSf `\/Sb1W1y ]\Y\- SY aW1/\,*bn 4*]\,1/S�Sada*B w `\/\W3*yb1 SaV*bn]`13/1 g*àb,\xE /*O31 V\-/* d ZSf +mWS /1Z13Zm1 4*b`d/Z1ZSq L*beD:B77MD � *]`1W1 5==< -\/* \W* S �b1e*ZS ]`S-W*OaSWS , 5>9Oy VW*aa "V\Wm �*W**/E S ]\b\Y Sf Z*O4Z*hSWS aWd3Sbn , e`SVdE , *W*,SD �\-/* 31�`*y*Z* S �SY+1`WS ]`S-W*aSWS aWd3Sbn , W\ZO/\ZaVSy �1eSWnE * ]\4/Z11 Sf ]1`1,1WS , Y*W*,SyOaVSy eSWS*WD m Z1 Y\-WS Z*`*/\,*bnaqE ,1/n ob\a*Y\1 Wdhj11E h1Yd Y\-db ]\a,qbSbn a,\p 3S4ZnY\W\/m1 Wp/SI

�˚�˝ ˙��˚ � ��"˚� ˚

� qZ,*`1 6>>5 -\/* d Y1Zq a\ab\qWaq b1W1e\ZOZmy `*4-\,\È \ V\b\`\Y -\,\`SW\an , Z*h*W1D�`*b *`1yE Z*/4S`*b1Wn \b/1W* \+aWd3S,*ZSq]1`1,\/h1aVSf -`d]]E \+lqaZSWE hb\ ]W*ZS`d1baq]`\,1/1ZS1 Vdà\,E g1Wn V\b\`mf P ]\Y\hn ]1`1O,\/hSV*Y ,\ ,a1Y YS`1 Wdhj1 ]\ZSY*bn *Z-WSyO

aVSy q4mVD �Z ]`1/W\3SW YZ1 ]`\ybS \+dh1ZS1Ehb\+m ab*bn \/ZSY S4 ]`1]\/*,*b1W1yD Z1 b\-/*+mW\ :8 -\/*D m a �1b1W ]\Y\WSWSan \+ ob\Y S`1jSWS ]\a\,1b\,*bnaq a Z*jSYS ]\3SWmYS Y*b1O`qYSD �ZS \+1 f\b1WSE hb\+m Ym ]`SZqWS ob\ ]`SO-W*j1ZS1E Z1aY\b`q Z* b\E hb\ SY ]`SjW\an +m \+Of\/Sbnaq +14 Z*j1y ]\Y\kSD ) ]1`14,\ZSW , *bOb1à\Z S aV*4*WE hb\ Ym a `*/\abnp ]\dh*ab,d1Y ,ob\Y ]`1V`*aZ\Y aWd31ZSSD�1\3S/*ZZ\ Y\1y Y*Y1 ]\ab*,SWS /S*-Z\4

w`*VxD ) aV*4*W 1yE hb\ Ym \ab*1YaqE hb\+m ]\Y\hnY\1y a1ab`1 �SZ/1 df*3S,*bn 4* Z1yD w˙*31 Z1,4/dY*yI P \b,1bSW* Y*Y*DP ˚aWS ,m Z1 ]\1/1b1EYZ1 ab*Z1b b\WnV\ fd31xD �SZ/* +mW* a obSY a\O-W*aZ*D m +mWS b*V +W*-\/*`Zm SY 4* 31`b,mE Z*V\b\`m1 \ZS ]\jWS `*/S Z*aE * b*V31 4* ]\Y\knY1abZmf+`*bn1, S a1ab1Ì �* aW1/dpkSy /1Zn]\aOW1 b\-\E V*V Ym d1f*WS , �h1+Zmy g1Zb` �b\`\31O,\y �*jZS , *bb1à\Z1E Z*Y ]\4,\ZSW* �SZ/* Sa\\+kSW*E hb\ Y*Y* dY1`W*D m ]\WZ\abnp ]\-`dO4SWSan , Z*jd Z\,dp `*+\bdE V*V b\-\ f\b1W* Y*Y*Dm +mWS ah*abWS,mE V\-/* d4Z*WSE hb\ ]1`,mY

eSWS*W\YE V\b\`my Ym ]\a1bSYE +d/1b �1eSWn ,*W*,SE -/1 aWd3SWS Z*jS /\h1`S a\ a,\SYS YdO3nqYSD �*V\Z1gOb\ Ym aZ\,* +mWS ,Y1ab1I \aW1*W*,S Ym ]\1f*WS , ˛SY+*+,1E * ]\b\Y , ˛*YO+SpD �`S a ]\W\,SZ\y -\/* Ym 4*ZSY*WSan \+dOh1ZS1Y ]1`1,\/hSV\,E ]\aW1 h1-\ Z*a ]\]`\aSOWS ,1`Zdbnaq , *W*,SE hb\+m 4*]Sa*bn Sab\`SS�,S/1b1W1y �1-\,mE V\b\`m1 ab\WVZdWSan a ]`1O

aW1/\,*ZS1Y S4O4* a,\1y ]\4SgSS f`SabS*ZaV\-\Z1yb`*WSb1b*�D� 6>>9 -\/dE ,Z\,n a\ aW14*YS Z* -W*4*fE Ym ,1Ò

ZdWSan /\Y\y , �*a\Wb Ljb*b �\W\`*/\M S ]`\/\WO3SWS aWd3Sbn ]S\Z1`*YSD � 6>>: -\/d ]\ a\a1/Oab,d a Z*YS ]\a1WSWSan �`*y*Z S �SY+1`WSE dV\b\`mf `\/SWSan /,1 /1,\hVSE *VV1Z4S S 'WS4*O+1bD \W S �b1e*ZS ]\O]`13Z1Yd 3S,db , *W*,SE-/1 \W aWd3Sb , �\YSb1b1 eSWS*W*D �V\`\ YZ1Sa]\WZSbaq <> W1bD Z\-S1 -\/m q `*+\b*W a +\W11Y\W\/mYS +`*bnqYSE S YZ1 ]`SqbZ\ ,S/1bnE V*V\ZS ]\Wdh*pb b1\V`*bSh1aVS1 4*/*ZSqE V\b\`m1V\-/*Ob\ ]\`dh*WS YZ1D m ]`\3SWS ah*abWS,dp3S4ZnE d Z*a 4*Y1h*b1WnZm1 /1bS S ,ZdVSP ,\ YZ\O-\Y +W*-\/*`q b\YdE hb\ +WS4VS1 S /`d4nq ]\/*,*OWS Z*Y ]`1V`*aZmy ]`SY1È V\b\`\Yd Ym ab*`*OWSan ,a1-/* ]\/`*3*bnD

� �Y\b`Sb1E Z*]`SY1È +S\-`*eSp �̀ \eSY* a\Y+m , w�b\O`\31,\y +*jZ1x \b 59 *]`1Wq 6>59 -\/*E ab`*ZSgm 58P5<D

� �\W\YE �b1e*ZSE �SY+1`WS S �`*y*Z\Y, Y*W*,SyaV\Y eSWS*W1 , 6>>6 -\/d

� aWd31ZSS a ,ZdhV*YS

��˙��& a WSjZSY W1b Z*4*/ �a1y5E V\b\`my Z1 +mW b\-/*�,S/1b1W1YE ]1`11f*W S4 �*Zm , \/Zd 1,`\]1yaVdp ab`*ZdD �Z,a]\YSZ*1bB w) a`*4d ]\ZqWEhb\ +\WnjSZab,dWp/1y Z1b /\ Y1OZq ZSV*V\-\ /1W*D � b\Yd 31 q \V*4*Waq a\,1`j1ZZ\ Z1 -\b\, V/`d-\Yd VWSY*bdD �\-/* q ,mj1W S4 *o`\]\`b* S ,]1`,m1 , 3S4OZS ]\hd,ab,\,*W f\W\/E q 4*]W*V*WxD �a1y a b`d/\Y \a,*S,*WZ\,my q4mVE ]\ob\Yd +\Wnj1 -\/* \Z Z1 Y\- Z*ybS Z\`Y*WnOZdp`*+\bdD �/*WS \b `\/Zmf \Z hd,ab,\,*W a1+q \/SZ\V\ S b\OaV\,*W ]\ /\YdD6 �d/n ,m Z* Y1ab1 �a1qE V*V +m ,m f\b1WSE hb\+m V ,*Y \bO

Z\aSWSanH �1a\YZ1ZZ\E ,*Y +mW\ +m ]`SqbZ\E 1aWS +m ,*ab1]W\ ,ab`1bSWS , ˛*W1 �*`ab,*E ]dabn ,m /`d-\y Z*gS\OZ*WnZ\abS SWS d ,*a /`d-\y g,1b V\3SD �S+WSq ]`S4m,*1b

5E 6D *M � V*VSYS b`d/Z\abqYS ab*WVS,*pbaq a1-\/Zq YZ\-S1 Wp/SE]1`11f*,jS1 , /`d-dp ab`*ZdH L�Y\b`Sb1 SWWpab`*gSp , Z*h*W1ab*bnSDM +M � h1Yd ]`S4m,*1b f`SabS*Z �S+WSq S V*VS1 ,\]`\am ,a,q4S a obSY ,\4ZSV*pbH

1 4*+m,*yb1 \ /\+`\b1V Z14Z*V\Yg*Yw�1 4*+m,*yb1 \ -\ab1]`SSYab,1�+dV,D \ w/\+`\b1 V Z14Z*V\Yg*Yx�x L˚��D 57B6MD

�˚��B 568E ;=

�� % �% ��˚� � H

��

�\h1Yd Z*YE ,\4Y\3Z\E]\b`1+d1baq S4Y1ZSbn a,\1\bZ\j1ZS1 V SZ\ab`*Zg*YH

��

�*V �\\4 ]\/`*3*W �1-\,1, b\YE V*V \bZ\aSbnaqV hd3141Yg*YH

��

�*V Ym Y\31Y ]`\q,Wqbnw/\+`\bd V Z14Z*V\Yg*YxH

<

��)��& 6>5: =

SabSZZmf f`SabS*Z Z1 4*+m,*bn \ -\ab1O]`SSYab,1E SWS \ w/\+`\b1 V Z14Z*V\YOg*Yx L˚,`D 57B6MD \ob\Yd /*,*yb1 `*aOaY\b`SY aW1/dpkS1 ,\]`\amB V*V �1-\O,* \bZ\aSbaq V Wp/qYE ]1`11f*,jSY ,/`d-dp ab`*ZdH \h1Yd Z*YE ,\4Y\3Z\E]\b`1+d1baq S4Y1ZSbn a,\1 \bZ\j1ZS1 Vb*VSY Wp/qYH �*V a/1W*bn b*VE hb\+m \ZSZ1 hd,ab,\,*WS a1+q \/SZ\V\ , Z*j1Ya\+`*ZSSH

�˛��)˙ ˚��%7 �\-/* �1-\,* ,m,1W S4`*SWnbqZ S4

˚-S]b*E \Z /*W SY 4*V\ZmE , V\b\`mf \bO`*3*W*an \a\+*q 4*+\b* \ YZ\-Sf Z1S4`*OSWnbqZ*fE `1jS,jSf dybS ,Y1ab1 a 1-\ Z*O`\/\Y L�afD 56B7<E 8=C 66B65MD �d3141Ygmh*ab\ +mWS YZ\-SY \+/1W1ZmE ]\ob\Yd�1-\,* a Wp+\,np \ ZSf ]\4*+\bSWaqD�*VE \Z /*W SY ]`*,\ a\+S`*bn \ab*bVSd`\3*q L�1,D 5=B=E 5>MD8 �1-\,* Z1 ]`SZd3/*W S4`*SWnbqZ d,*O

3*bn hd3141Yg1,D �Z ,4m,*W V Sf a\ab`*O/*ZSpD L˛*hSb*y �af\/ 67B=DM�ZS f\`\Oj\]\ZSY*WSEhb\ 4Z*hSb +mbnhd3141Yg*OYSD ˚k1 /\ b\-\E V*V S4`*SWnbqZ1 ]\]*WS, `*+ab,\E 1-S]bqZ1 Z*,1`ZqV* ab\`\ZSOWSan Sf S4O4* `*a\,mf SWS `1WS-S\4Zmf]`1/`*aad/V\, L�mbD 87B76C 8:B78C �afD5B55P58MD �*f\/qan , hd3\y ab`*Z1E S4`*OSWnbqZ1 fW1+ZdWS YZ\-\ -\`qD \ob\Yd�1-\,* \3S/*WE hb\ \ZS +d/db \+`*k*bnOaq a hd3141Yg*YS V*V a V\`1ZZmYS 3Sb1OWqYS L�1,D 5=B77E 78MD9 \3Z\ Z1 a\YZ1,*bnaqE hb\ a1-\/Zq

�1-\,* a b*V\y 31 4*+\b\y \bZ\aSbaq VWp/qYE V\b\`m1 ]1`11f*WS , /`d-dp ab`*OZd S ]\a1k*pb b*Y ,ab`1hS �,S/1b1W1y�1-\,m L�b\`D 5>B5;P5=C*WD 7B9E :MD ˚aWSYm /dY*1Y \ b\YE a V*VSYS b`d/Z\abqYS\ZS ab*WVS,*pbaq P ob\ Y\31b +mbn /SaO

7E 8D �*VE a\-W*aZ\ �af\/d 67B=E Z*`\/ �\-*/\W31Z +mW \+`*k*bnaq a hd3141Yg*YS S]\h1YdH9D �b\ ]\Y\31b Z*Y ]\/`*3*bn �1-\,1E V\b\O`my 4*+\bSbaq \ b1fE Vb\ ]1`11f*W , /`d-dpab`*ZdH

V`SYSZ*gSq S q4mV\,my +*`n1`EP YmZ*y/1Y ,\4Y\3Z\abn ]`\q,Sbn V ZSY /\O+`\bd S a\hd,ab,S1 L5 1bD 7B<MD

�˚ ��˝�� ˛�˚� �& ��˚��"˚� ˚ � ��H

: � ]1`,\Y ,1V1 f`SabS*Z1 S4 Sd/11,dhSWSan S4+*,Wqbnaq \b ]`1/`*aad/V\,EV\b\`m1 -Wd+\V\ , ZSf dV\`1ZSWSanD � qObS/1aqbZSgd 77 -\/* ZD oD b1E Vb\3SW , �1O`da*WSY1E ]`\q,SWS -\ab1]`SSYab,\ V Z\O,\\+`*k1ZZmY f`SabS*Z*YE ]`Sj1/jSYS4 /`d-Sf Y1abZ\ab1y L˙1qZD 6B9E 88P8;MD˛*+\b*E V\b\`dpf`SabS*Z1 S4 1,`11, ]`\Oq,SWS V +`*bnqY S a1ab`*Y /`d-\y Z*OgS\Z*WnZ\abSE qaZ\ ]\V*4m,*1bE hb\ \ZS]\ZSY*WS 4Z*h1ZS1 aW\,* w-\ab1]`SSYOab,\x P Z* -`1h1aV\Y +dV,*WnZ\ w/\+`\b*V Z14Z*V\Yg*YxD; �\-/* a\+`*ZS1 `*ZZSf f`SabS*Z ,mO

`\aW\E ,\4ZSVW* ]`\+W1Y*E V\b\`*qE \h1O,S/Z\E +mW* a,q4*Z* a /SaV`SYSZ*gS1yD�d/1SE -\,\`S,jS1 ]\O-`1h1aVSE ab*WS`\]b*bn S4O4* b\-\E hb\ a Sf ,/\,*YS ]`S`*4/*h1 ]SkS ]\abd]*WS Z1a]`*,1/WS,\L˙1qZD :B5MD�b\+m `*4`1jSbn obd ]`\+W1OYdE *]\ab\Wm Z*4Z*hSWS a1YnYd3hSZE V\Ob\`m1 /\W3Zm +mWS d/\ab\,1`SbnaqE hb\, ob\Y /1W1 ZSV1Y Z1 ]`1Z1+`1-*pbD �ZOb1`1aZ\E hb\ d ,a1f obSf Yd3hSZ +mWS-`1h1aVS1 SY1Z*D �V\`11 ,a1-\E *]\ab\OWm f\b1WS a-W*/Sbn b`1ZSqE V\b\`m1 Y\-OWS ,\4ZSV*bn Y13/d f`SabS*Z*YS `*4ZmfZ*gS\Z*WnZ\ab1y L˙1qZD :B6P:MD< �a\4Z*1Y Ym ob\ SWS Z1bE Z* ,a1f

Z*a \-`\YZ\1 ,WSqZS1 \V*4m,*1b VdWnbdO`* ab`*ZmE , V\b\`\y Ym 3S,1Y L�SYD56B6MD �\W11 b\-\E SZ\-/* Z*YE ,1`\qbZ\E]`Sf\/Sbaq aWmj*bnE V*V Z*jS a\a1/SE

:E ;D �4 h1-\ ,S/Z\E hb\ `*ZZS1 f`SabS*Z1dhSWSan S4+*,Wqbnaq \b -Wd+\V\ dV\`1ZS,OjSfaq ]`1/`*aad/V\,H<E =D *M �*VS1 ,\]`\am ]\Y\-db Z*Y ]\ZqbnEZ1 `*4,SW\an WS , Z*a hd,ab,\ ]`1/d+13O/1ZSq SWS `*a\,\-\ ]`1,\af\/ab,*H +M �b\Ym /\W3Zm SaV\`1ZSbn S4 a,\1-\ a1`/g*HL5 �1bD 5B66MD

5> ��˝˚��) ��")

a\b`d/ZSVS ]\ `*+\b1 SWS \/Z\VW*aaZSOVS dZShS3Sb1WnZ\ ,maV*4m,*pbaq \ b1fEd V\-\ /`d-\1 ]`\Saf\3/1ZS1 SWS g,1bV\3SD �1 ,WSq1b WS Z* Z*a b*V\1 ]`1/,4qOb\1 \bZ\j1ZS1H V*VYm`1*-S`d1YE 1aWSVb\Ob\ \b]daV*1b jdbVS ]\ ]\,\/d Z*j1yZ*gS\Z*WnZ\abSE Z*]`SY1` ]`1d,1WShSO,*q h1`bmE a,\yab,1ZZm1 Z*jSY a\\b1h1Oab,1ZZSV*YH= �mW\ ,`1YqE V\-/* *]\ab\W 1b` ]SO

b*W ]`1/d+13/1ZS1 ]`\bS, Z1Sd/11,E Z\]\ab1]1ZZ\ \Z S4+*,SWaq \b Z1]`*,SWnOZmf ,4-Wq/\, L˙1qZD 5>B6<E 78E 79C �*WD6B55P58MD ˚aWS Ym 4*Y1h*1YE hb\ , Z*Oj1Y a1`/g1 ]`\`\aWS a1Y1Z* ]`1/d+13O/1ZSy S Z*gS\Z*WnZ\y -\`/\abSE Ym/\W3Zm ]`1/]`SZqbn `1jSb1WnZm1 /1yOab,SqD L˛*hSb*y 5 �1b`* 5B66DM m Y\O31Y ]\`*4YmjWqbn \ b\YE hb\ ZSVb\S4 Z*a Z1 4*aWd3S,*1b a]*a1ZSqD �p/S,a1f `*a S Z*gS\Z*WnZ\ab1y Z1a\,1`j1ZOZm L�SYD 7B=E 5>E 65P68MD �*V 1abn WSd Z*a ]`ShSZm ahSb*bn a1+q ,mj1 /`dO-SfH L5 �\`D 8B;MD m /\W3Zm \bZ\aSbnaqV\ ,a1Y Wp/qY V*V *]\ab\W *,1WE V\Ob\`my Z*]Sa*W ]\Y*4*ZZmY f`SabS*Z*YEhb\ \ZS w+\Wnj1 Z1 hd3S1 S Z1 ]`Sj1WnOgmE *DDD hW1Zm a1YnS �\-*x L'eD 6B5=MD ˚aOWS Ym ]`SW*-*1Y ,a1 ab*`*ZSqE hb\+m S4O+*,Sbnaq \b Z*gS\Z*WnZmf ]`1/`*aad/OV\,E ob\ ]\Y\31b Z*Y \+W1hnaq , Z\,dpWShZ\abn L�\WD 7B5>E 55MD

�� )��)�& ˙�� ˚˛��

5> �/ZSY S4 b1fE Vb\ ]\/`*3*W�1-\,1 ,b\YE V*V \bZ\aSbnaq V hd3141Yg*YE +mW�\\4D 'b\ ]`\q,SW\an , 1-\ \+`*k1ZSS aY\*,SbqZV\y �denpD �\-/* �\\4 ]`Sj1WZ* a,\S ]\Wq ,\ ,`1Yq 3*b,mE \Z a`*4d31 4*Y1bSW b`d/\Wp+S,dp hd3141YVdE V\Ob\`*q ]\/+S`*W* V\W\anqE \ab*,W1ZZm13Z1g*YSD �4Z*,E hb\ �den ]\]`\aSW* `*4O`1j1ZSq ]\/+S`*bn V\W\anq P f\bq \Z*

5>E 55D �*V , \+`*k1ZSS a Y\*,SbqZV\y �dOenp �\\4 ]\/`*3*W �1-\,1H

SY1W* Z* ob\ ]\WZ\1 ]`*,\EP �\\4 ,1WSOV\/djZ\ ]\4,\WSW 1y ]\/+S`*bn S b1 V\OW\anqE V\b\`m1 3Z1gm \b/1WqWS \b a,qO4\VD L˛*hSb*y �den 6B9P;E 59E 5:DM55 �*4-\,\È V\b\`my a\ab\qWaq 4*b1Y d

�\\4* a �denpE ]\V*4m,*1bEhb\ �\\4 ]`\Oq,SW V Z1y a\hd,ab,S1E ,1/n \Z*E V*V hdO3141YV*E Z*f\/SW*an , Z1]`\ab\Y ]\W\O31ZSSD �*VE \Z ]`1/W\3SW 1y /1`3*bnaq,\4W1 1-\ `*+\bZSgE hb\+m 11 Z1 \+S/1WSYd3hSZmE `*+\b*,jS1 Z* ]\W1D �Z /*31]\4*+\bSWaq \ b\YE hb\+m \Z*E V*V S 1-\Z*1YZm1 `*+\bZSVSE Y\-W* ]\1abn , b1h1OZS1 /ZqD �`\Y1 b\-\E �\\4 Z1 -\,\`SWa ob\y +1/Z\y hd3141YV\y ,ma\V\Y1ÒZ\D �*]`\bS,E \Z ]\/+\/`SW 11 L�den6B<P5>E 57E 58MD56 �\\4 +mW ,]1h*bW1Z Z1 b\WnV\ +1aV\O

`mabZ\y Wp+\,np �deS V 11 a,1V`\,S�\1YSZSE Z\ S b1YE hb\ \Z* ab*W* aWdO3Sbn �1-\,1D � /\+`\b1 �\\4*E ]\ adbSE]`\q,SW*an ]`1/*ZZ*q Wp+\,n �1-\,m Vhd3141YV1E V\b\`*q ]`SjW* SaV*bn d+1O3Sk* ]\/ 1-\ V`mWnq L�den 6B56E 6>C `SbD 5=B5;MD � a1-\/Zq +W*-\/*`q Z*j1OYd /\+`\Yd \bZ\j1ZSp wWp/S ,aqV\-\`\/*x Y\-db ]`SZqbn SabSZd S ]\hd,ab,\O,*bnE V*V aSWnZ\ �1-\,* Sf Wp+Sb L5 �SYD6B7E 8MD57 m ]`\q,SY /\+`\bd V b1YE Vb\ ]`SO

1f*W S4 /`d-\y ab`*ZmE 1aWS +d/1Y `*/djOZ\ ]`S,1bab,\,*bn Sf , ˛*W1 �*àb,*D �1O`\qbZ\E ,m 4*Y1h*WSE hb\ b*VS1 Wp/S ]\O`\y ,1/db a1+q aV\,*ZZ\ S /1`3*baq ,ab\`\Z1D �m,*1bE hb\ S4O4* a,\1-\ ,\a]SOb*ZSq SWS a\gS*WnZ\-\ ]\W\31ZSq h1W\O,1V hd,ab,d1b a1+q ZS31 b1fE Vb\ ]`SZ*/OW13Sb V /`d-\y `*a1SWS Z*gS\Z*WnZ\abSD \ob\Yd ,*3Z\ ]`\q,Wqbn SZSgS*bS,dEhb\+m]\V*4*bnEhb\YmSaV`1ZZ1SY SZb1O

56D �*V Z*j* /\+`\b* Y\31b ]\,WSqbn Z*b1fE Vb\ ]`S1f*W S4 /`d-\y ab`*ZmH57E 58D *M �\h1Yd Z*Y Zd3Z\ ab*`*bnaq `*O/djZ\ ]`S,1bab,\,*bn , ˛*W1 �*àb,* b1fEVb\ ]`S1f*W S4 /`d-\y ab`*ZmH +M �*V Y\3OZ\ ]`1\/\W1bn hd,ab,\ Z1W\,V\abS S 4*-\,\O`Sbn a h1W\,1V\Y /`d-\y Z*gS\Z*WnZ\abSH

`1ad1YaqD ˚aWS Z* ,*j1Y q4mV1 /\abd]Z\]`SW\31ZS1 JWLanguageE a 1-\ ]\Y\knp,mY\31b1 ,mdhSbnZ1aV\WnV\ e`*4 S ]`SO,1bab,\,*bn Wp/1y Z* Sf `\/Z\Y q4mV1DL˛*hSb*y �SWS]]Syg*Y 6B7E 8DM58 �\4Y\3Z\E ,m Z1 4Z*1b1E V*V \+k*bnO

aq a h1W\,1V\Y /`d-\y Z*gS\Z*WnZ\abSE Shd,ab,d1b1 Z1V\b\`dp Z1W\,V\abnD ˚aWSob\ b*VE Y\3Z\ /Wq Z*h*W* `*aaV*4*bn Z1OYZ\-\ \ a1+1D �*,1`ZqV* ,m ,aV\`1 ]\yOY1b1Ehb\ ,m ,\YZ\-\Y ]\f\3S S hb\ d ,*aZ1 b*V d3 YZ\-\ \bWShSyP `1*WnZmf SWSYZSYmfD �*V31 ,m d,S/Sb1E hb\ , Wp+\yVdWnbd`1 1abn a,\S ]Wpam S YSZdamD

��& �� (� �˚�)�� ˙��

59 �b\+m]\Y\hn/`d-SYZ1 \kdk*bn a1O+q \/SZ\V\ , ,*j1Y a\+`*ZSSE a]`\aSb1a1+qB w�d/n q Z* Sf Y1ab1E V*V +m q f\b1WEhb\+m V\ YZ1 \bZ\aSWSanHx L*beD ;B56MD�d/nb1 b1`]1WS,m V b1YE Vb\ ]`S,mV*1b V

59D �b\ ]\Y\31b Z*Y \bZ\aSbnaq a + ‹\WnjSY]\ZSY*ZS1Y V b1YE Vb\ ]`S,mV*1b V 3S4ZS ,/`d-\y ab`*Z1H

3S4ZS , Z\,\y ab`*Z1D \Z*h*Wd Ym Y\O31Y Z1 /\ V\Zg* ]\ZSY*bnE ]\h1Yd Wp/S/`d-\y Z*gS\Z*WnZ\abS b*V /dY*pb SWSb*V ]\abd]*pbD �1 ab\Sb \3S/*bnE hb\ \ZS,\ ,a1Y ]\/ab`\qbaq ]\/ Z*jd VdWnbd`dD�dhj1 ]`SZSY*bn Wp/1y b*VSYSE V*VS1\ZS 1abnD L˛*hSb*y �SYWqZ*Y 59B;DM5: ˚aWS Ym ]\+\Wnj1 d4Z ‹*1Y \ `\/Z\y

ab`*Z1 S VdWnbd`1 b1fE Vb\ V Z*Y ]`S1f*WEZ*Y +d/1b W1-h1 a ZSYS a+WS4SbnaqD �*V\1SaaW1/\,*ZS1 Y\3Z\ ]`\,1abS ,\ ,`1Yqa1Y1yZ\-\ ]\VW\Z1ZSqD 'b\ ]\Y\31b Z*YWdhj1 ]\ZSY*bn SZ\ab`*Zg1, , Z*j1Y a\O+`*ZSS SWSY1abZ\abSD \h1Yd +mZ1 ]`SO-W*aSbn Sf V a1+1 Z* \+1/E hb\+m ]\+WS31a ZSYS ]\4Z*V\YSbnaqH \aV\WnVd �1-\O,* w\bV`mW /,1`n ,1`m /`d-SY Z*`\/*YxEZ1 Y\-WS +m S Ym \bV`mbn /,1`S Z*j1-\/\Y* wa,\SY ]\ ,1`1xH L˙1qZD 58B6;C �*WD:B5>C �\, 75B76MD

5:E 5;D *M �b\ Y\3Z\ ]`1/]`SZqbnE hb\+mWdhj1 ]\4Z*V\YSbnaq a Wp/nYS /`d-\y VdWnObd`mH +M �*V Ym Y\-WS +m ]\Y\hn +`*bnqY Sa1ab`*Y , Z*j1Y a\+`*ZSSE V\b\`m1 ]`S1f*OWS S4 /`d-\y ab`*ZmH

�*/djZ\ WS Ym ]`S,1bab,d1Y b1fE Vb\ ]`S1f*W S4 /`d-\y ab`*ZmHL�Y\b`Sb1 *+4*gm 57E 58DM

��)��& 6>5: 55

5; `\,\/q ,`1Yq a a1Yn1yE V\b\`*q ]`SO1f*W* S4 /`d-\y ab`*ZmE Ym d,S/SYE V*OVS1 daSWSq ]`SW*-*pb SZ\ab`*ZgmEhb\+m]`Sa]\a\+Sbnaq V Z*j1y VdWnbd`1D �\4OY\3Z\E Ym 4*Y1bSYE hb\ SY b`1+d1baq ]\OY\kn , S4dh1ZSS q4mV*D ˚aWS \ZS Skdb]\/f\/qk11 3SWn1 SWS `*+\bdE Ym Y\-OWS +m ]\/aV*4*bn SYE Vd/* \+`*bSbnaqD�*V Ym \V*31Y obSY +`*bnqY S a1ab`*YZ1\g1ZSYdp ]\Y\kn L `SbD 7B6;MD5< �\Z1hZ\E b1E Vb\ ]1`11f*W , /`d-dp

ab`*ZdE ]\ab*`*pbaq a/1W*bn ,a1 ,\4Y\3OZ\1E hb\+m ]`S,mVZdbn V Z\,\y VdWnbd`1D�den ]\/*W* , ob\Y \bZ\j1ZSS ]`1V`*aOZmy ]`SY1`D �\O]1`,mfE \Z* ]`\q,SW*d,*31ZS1 V hd3SY \+mh*qYE a]`\aS, `*4O`1j1ZSq ]\/+S`*bn V\W\anq L�den 6B;MD�Z* Z1 ,\a]`SZSY*W* ob\ dab*Z\,W1ZS1V*V /\W3Z\1 S Z1 ahSb*W*E hb\ /`d-S1 1yh1YOb\ \+q4*ZmD �\O,b\`mfE \Z* ,m`*3*OW* SaV`1ZZpp +W*-\/*`Z\abn 4* ]`\q,OW1ZZdp V Z1y /\+`\bd L�den 6B57MD ˚aWS dSZ\ab`*Zg1, 1abn b*V\y 31 Z*ab`\yE \ZS

5<D �*V\Yd ]`SY1`d Y\-db aW1/\,*bn b1E Vb\]`S1f*W S4 /`d-\y ab`*ZmH

aV\`11 4*,\ppb d,*31ZS1 Y1abZmf 3Sb1OW1y S a\,1`dpkSfD5= m `*/d1YaqE ,S/qE V*V �1-\,* ]\

a,\1y Z14*aWd31ZZ\y /\+`\b1 /*1b WpO/qY a*Y\-\ `*4Z\-\ ]`\Saf\3/1ZSq ,\4OY\3Z\abn daWmj*bn +W*-dp ,1abnD �\4OY\3Z\E d a1+q Z* `\/SZ1 \ZS Z1 Y\-WSS4dh*bn �S+WSp SWS a,\+\/Z\ \+k*bnaqa Z*`\/\Y �1-\,mD �\ b1]1`nE V\-/* ,a1S4Y1ZSW\anE Z1 /\W3ZmWSYm]\Y\hn SYEhb\+m \ZS Z1 hd,ab,\,*WS a1+q hd3SOYSH ˙*31 1aWS Ym Z1 ,a1-/* Y\31Y ]\/O/1`3*bn Sf Y*b1`S*WnZ\ SWS \V*4*bn SY]`*VbSh1aVdp ]\Y\knE a,\1y /\+`\b\yYm ]\V*31YE V*V aSWnZ\ Sf Wp+Sb �1-\O,*D ˙*,*yb1 31 ]\/`*3*bn �\-d S /1W*bn,a1E hb\ \b Z*a 4*,SaSbE hb\+m ]`\q,Wqbnw/\+`\bd V Z14Z*V\Yg*Yx S `*/djZ\ Sf]`SZSY*bnI L'eD 9B5E 6MD

5=D �*VS1 d Z*a 1abn ]`ShSZm ]`\q,Wqbnw/\+`\bd V Z14Z*V\Yg*YxH

�`\q,Wq1Y WS Ym -\ab1]`SSYab,\ V Wp/qY S4 /`d-\y ab`*ZmHL�Y\b`Sb1 *+4*gm 5:E 5;DM

��

� �˚�� )B5 �+4*g 5D �Yq S4Y1Z1Z\D

�%�)�� ,S/1b1W1y �1-\,m `1,Z\abZ\ dh*ab,dpb a1-\/Zq, Sa]\WZ1ZSS ]`\`\h1ab,* \ b\YEhb\ +W*-*q ,1abn +d/1b ,\4O,1k*bnaq w,aqV\y Z*gSSE ]W1Y1ZSE q4mVd S Z*`\/dx L�bVD58B:MD �\4Y\3Z\E ,m `1jSWS ,4qbnaq 4* S4dh1ZS1 Z\,\-\ q4mOV*D Y\31bE ,m aWd3Sb1 YSaaS\Z1`\Y SWS ]1`11f*WS , /`dO-dp ab`*ZdE -/1 Z1 f,*b*1b ,\4,1k*b1W1yH �WS ,m ]\a1k*1Ob1 ,ab`1hS SZ\q4mhZ\-\ a\+`*ZSq , a,\1y ab`*Z1H6 �a1Y aWd3Sb1WqY �\-* Zd3Z\ d/1Wqbn ]1`,\ab1]1ZZ\1

,ZSY*ZS1 /df\,Z\Yd +W*-\]\WdhSpP a,\1Yd S a,\1y a1YnSL*beD 9B7MD �\ SZ\-/* S4O4* ]W\bZ\-\ -`*eSV* Z*Y +m,*1bb`d/Z\ ]`\,\/Sbn ]W\/\b,\`Z\1 WShZ\1 S4dh1ZS1D �/Z*V\ db1fE Vb\ aWd3Sb , SZ\q4mhZ\Y a\+`*ZSS SWS -`d]]1E 1abn S/`d-S1 b`d/Z\abSD7 �*VSY f`SabS*Z*Y Zd3Z\Z1 b\WnV\dhSbnZ\,my q4mVE Z\

S ]\ab\qZZ\ Z*]\WZqbn a,\1 a1`/g1 -Wd+\VSYS /df\,ZmYSSabSZ*YS L5 �\`D 6B5>MD �\ V*V ob\ /1W*bnE 1aWS \ZS ]\V*

5P7D *M �1Yd Z*Y ,a1Y Zd3Z\ d/1Wqbn ]1`,\ab1]1ZZ\1 ,ZSY*ZS1H+M � V*VSYS b`d/Z\abqYS ab*WVS,*pbaq b1E Vb\ dhSb Z\,my q4mVE SV*VS1 , a,q4S a obSY ,\4ZSV*pb ,\]`\amH L�Y\b`Sb1 SWWpab`*gSp, Z*h*W1 ab*bnSDM

ab*,*yb1an /df\,Z\ V`1]VSYSEaWd3* , SZ\q4mhZ\Y a\+`*ZSSw) a+1`1- b,\S aW\,* , a,\1Y a1`/g1x L �D 55=B55MD

�˚��B 586E =6

�� % �% ��˚� � H

��

�b\ ]\Y\-W\ ˙*ZSSWdS *,b\`d 55=O-\ ]a*WY*Z1 \aW*+1bn /df\,Z\H

��

�*V b1E Vb\ aWd3*b , SZ\Oq4mhZ\Y a\+`*ZSS SWS-`d]]1E Y\-db \ab*,*bnaq/df\,Z\ V`1]VSYSH

��

˚aWS `\/Sb1WS aWd3*ba /1bnYS , SZ\q4mhZ\Ya\+`*ZSSE V*V \ZS Y\-db4*+\bSbnaq \+ Sf /df\,Z\Y+W*-\]\WdhSSH

57

]W\f\ ,W*/1pb q4mV\YH � ]\h1Yd `\/SOb1WqYOf`SabS*Z*Y ,*3Z\ 4*+\bSbnaq \b\YE hb\+m �\3n1 �W\,\ 4*b`*-S,*W\a1`/g1 Sf /1b1yH

��˛ ˙�� (

8 ˚aWS Ym ]W\f\ ]\ZSY*1Y �\3n1�W\,\ Z* /`d-\Y q4mV1E b\ a\ ,`1Y1Z1YY\31Y \aW*+1bn /df\,Z\D �11YSqE V\b\O`my 3SW , V ,1V1 /\ ZD oDE `*aab`\SWaqEV\-/* d4Z*WEhb\/1bS Z1V\b\`mf Sd/11,E,1`Zd,jSfaq S4 ,*,SW\ZaV\-\ ]W1Z*E Z1-\,\`SWS Z* 1,`1yaV\Y q4mV1D L˛*hSOb*y�11YSS 57B67E 68DM 'bS /1bSE ]\ adObSE Z1 \a\4Z*,*WSE hb\ ]`SZ*/W13*b V�\3n1Yd Z*`\/dE ]\aV\WnVd ]W\f\ ]\OZSY*WSE hb\ -\,\`Sbaq , �W\,1 �\-*L�11YD <B6E <MD9 �1V\b\`m1 f`SabS*Z1E aWd3*kS1 a\

a,\SYS /1bnYS , SZ\q4mhZ\Y a\+`*OZSSE 4*Y1h*pbE hb\ SZb1`1a Sf /1b1y VSabSZ1 d-*a*1bD �*V V*V /1bS Z1 /\ V\ZOg* ]\ZSY*pbE \ h1Y -\,\`Sbaq Z* ,ab`1Oh*f , ˛*W1 �*àb,*E /df\,Zm1 SabSZmZ1 ]`\ZSV*pb , Sf a1`/g1D �\b hb\ -\,\O`Sb +`*b ]\SY1ZS 1/`\5E V\b\`my ,Y1Oab1 a\ a,\1y a1Yn1y ]1`11f*W S4(3Z\yY1`SVS , ,ab`*WSpB w�*4-\,\`m \/df\,Z\Y /\W3Zm 4*b`*-S,*bn a1`/g1 Shd,ab,*x L�dVS 68B76MD: �\-/* Ym hSb*1Y Z* SZ\ab`*ZZ\Y

q4mV1E \+mhZ\ ob\ Z1 4*b`*-S,*1b Z*j1a1`/g1 b*VE V*V 1aWS +m Ym hSb*WS Z*`\/Z\YD �\W11 b\-\E 1aWS Z*Y b`d/Z\\+k*bnaq Z* /`d-\Y q4mV1E ob\ Y\31b]`S,1abS V oY\gS\Z*WnZ\Yd S /df\,Z\OYd Sab\k1ZSpD �\b ]\h1Yd b1YE Vb\ ]1O`1j1W , SZ\q4mhZ\1 a\+`*ZS1E ,*3Z\

8D �4O4* h1-\ Ym Y\31Y \aW*+1bn /df\,Z\H�`S,1/Sb1 ]`SY1`D

9E :D �*Vdp ]`\+W1Yd 4*Y1h*pb Z1V\b\`m1`\/Sb1WSE aWd3*kS1 a\ a,\SYS /1bnYS ,SZ\q4mhZ\Y a\+`*ZSSE S , h1Y 11 ]`ShSZ*H

4*+\bSbnaq \ a,\1Y /df\,Z\Y +W*-\]\OWdhSSE Z1 b1`qq ]`S ob\Y `,1ZSq , aWdO31ZSS L*beD 8B8MD

�� &�)˙�� ˚� �

; �\-/* ˙*ZSSW S 1-\ /`d4nq ]\]*WS ,]W1ZE ,*,SW\ZqZ1 dhSWS Sf wq4mVd f*WO/11,xE hb\+m 4*ab*,Sbn obSf 1,`1yaVSfpZ\j1y ]1`1Zqbn a,\S \+mh*S S VdWnObd`dD �`\Y1 b\-\E -W*,Zmy ]`S/,\ÒZmy /*W SY ,*,SW\ZaVS1 SY1Z* L˙*ZD5B7P;MD �YqE V\b\`\1 ,m+`*WS ˙*ZSSOWdE SY1W\ \bZ\j1ZS1 V �1WdE ,1`f\,Z\OYd ,*,SW\ZaV\Yd +\31ab,dD �*`n �*,dOf\/\Z\a\È ad/q ]\ ,a1YdE f\b1W ,ZdOjSbn˙*ZSSWdYmaWn \ b\YEhb\ ob\b +\-\/1`3*W ]\+1/d Z*/ +\-\Y ˙*ZSSW*E�1-\,\y L˙*ZD 8B<MD< �\bq ˙*ZSSW Y\- 1abn qab,* a g*Ò

aV\-\ ab\W*E \Z w, a,\1Y a1`/g1 ]`SZqW`1j1ZS1 Z1 \aV,1`Zqbn a1+qx L˙*ZD 5B<MD�W*-\/*`q b\Yd hb\ \Z ]`\/\W3*W S4dOh*bn a,qk1ZZm1 VZS-S Z* `\/Z\Y q4mOV1E \Z aY\- \ab*bnaq /df\,Z\ aSWnZmYE3S,q Z* hd3+SZ1 L˙*ZD =B6MD �Y1ZZ\ ]\Oob\Yd /*31 h1`14 ;> W1b ]\aW1 ]1`1a1OW1ZSq , �*,SW\Z ˙*ZSSW* ]\O]`13Z1YdZ*4m,*WS 1-\ 1,`1yaVSY SY1Z1Y L˙*ZD9B57MD= ,b\`d 55=O-\ ]a*WY* ]`Sf\/SW\an

b1`]1bn 4W\+Zm1 Z*aY1jVS b1fE Vb\ aWdO3SW ]`S g*àV\Y /,\`1D �\ \Z h1`]*W ,�W\,1 �\-* aSWmE hb\+m Z1 +mbn V*V ,a1L aD 55=B67E :5MD �Z `*4YmjWqW Z*/ aW\O,*YS �\-*E S \ZS ]`\ZSV*WS -Wd+\V\ ,1-\ a1`/g1D L˛*hSb*y �a*W\Y 55=B55E8:DM

;D �*V ,*,SW\ZqZ1 ]mb*WSan 4*ab*,Sbn ˙*OZSSW* ]1`1Zqbn a,\S \+mh*S S `1WS-SpH<D �b\ ]\Y\-*W\ ˙*ZSSWd \ab*,*bnaq /df\,OZ\ V`1]VSY , /`d-\y ab`*Z1H=D �*V �W\,\ �\-* ,WSqW\ Z* *,b\`* 55=O-\]a*WY*H

58 ��˝˚��) ��")

�˙˙˚�˝ �•�˚ ��˚˙��˚ ˛˙��&˚

5> �\bq d Z*a Y\31b +mbn YZ\-\ b1\OV`*bSh1aVSf S /`d-Sf \+q4*ZZ\ab1yEZ*Y ,a1Y Zd3Z\ ,m/1Wqbn ,`1Yq /WqWShZ\-\ S4dh1ZSq S a1Y1yZ\-\ ]\VW\OZ1ZSq L'eD 9B59E 5:MD �\ Z*j1y g1Wnp/\W3Z\ +mbn Z1 ]`\ab\ ]`\hSb*bn \]`1O/1W1ZZ\1 V\WSh1ab,\ ab`*ZSg SWS ]\/O-\b\,Sbn \b,1bmE hb\+m dh*ab,\,*bn ,\,ab`1h1 a\+`*ZSqD �*3Z\ hSb*bn �\3n1�W\,\ b*VE hb\+m \Z\ ]`\ZSV*W\ , Z*j1a1`/g1 S dV`1]WqW\ ,1`dD55 ˙Wq ob\-\ ,\ ,`1Yq S4dh1ZSq Z1\+O

f\/SY\ ]\YZSbn Z1 b\WnV\ \ ]\b`1+Z\Oabqf /`d-SfE Z\ S \ a,\Sf /df\,Zmf]\b`1+Z\abqf L�W]D 5B=E 5>MD �d3Z\ ]\OZSY*bnE hb\E V\-/* Ym -\b\,SYaq V ]`\O]\,1/ZSh1aV\Yd aWd31ZSpE ,ab`1h*Y

5>E 55D *M �*Vdp g1Wn Z*Y Zd3Z\ ab*,Sbn ,\,`1Yq S4dh1ZSq �\3n1-\ �W\,*H +M �*V Z*Y/\abShn ob\y g1WSH �`S,1/Sb1 ]`SY1`D

a\+`*ZSq SWS V ,mabd]W1ZSp a `1hnpEYm Z1 ,a1-/* \bZ\aSY V a1+1 b\E \ h1YhSb*1YD `S,1/1Y ]`SY1`B V\-/* ]\,*`-\b\,Sb +Wp/\E \Z Z1aV\WnV\ `*4 1-\]`\+d1bE Z\ Z1Wn4q aV*4*bnE hb\ ob\y1/m1Yd/\ab*b\hZ\D ˚aWS\Z f\h1b +mbn4/\`\,mYE 1Yd Zd3Z\ a*Y\Yd f\`\j\]Sb*bnaqD \/\+ZmY \+`*4\Y Z*Y Z1\+Of\/SY\ f\`\j\ ]Sb*bnaq /df\,Z\E hb\O+m d/\,W1b,\`qbn a,\S /df\,Zm1 ]\Ob`1+Z\abSD56 Z\-S1 +`*bnq S a1ab`mE aWd3*O

kS1 , SZ\q4mhZmf a\+`*ZSqfE `1-dWq`OZ\ S4dh*pb �S+WSp Z* `\/Z\Y q4mV1L˙1qZD 6B<MD ˙*31 YSaaS\Z1`m \a\4Z*OpbE hb\E 1aWS \ZS f\bqb \ab*,*bnaq /dOf\,Z\ aSWnZmYSE SY Z1/\ab*b\hZ\ WSjn, \+kSf h1`b*f ]\ZSY*bn b\E \ h1Y -\,\O`Sbaq Z* ,ab`1h*f a\+`*ZSqD

56E 57D �\h1Yd YZ\-S1 S4 b1fE Vb\ aWd3*b ,SZ\q4mhZmf a\+`*ZSqfE `1-dWq`Z\ S4dh*pb�S+WSp Z* `\/Z\Y q4mV1H

�/\ab\,1`qyb1an , b\YE hb\ �W\,\ �\-* 4*b`*-S,*1b a1`/g1 ,*j1-\ `1+1ZV*L�Y\b`Sb1 *+4*gm 58E 59DM

5: ��˝˚��) ��")

57 W1ZE V\b\`my d31 \V\W\ ,\anYSW1b dhSb q4mV e*àSE /1WSbaqB w�\-/* q-\b\,Wpan V ,ab`1h*Y Z*e*àSE q \+mhOZ\ a\a`1/\b\h1Z Z* a*Y\Y q4mV1D ]\OaV\WnVd q , ]1`,dp \h1`1/n 4*Zqb Z*O]`q31ZZ\y dYab,1ZZ\y /1qb1WnZ\abnpE/df\,Zm1 SabSZm Z1 ,a1-/* /\abS-*pbY\1-\ a1`/g*D �\b ]\h1Yd q ,a1-/* \b,\O3d ,`1Yq Z* b\E hb\+m S4dh*bn �S+WSpS Z*jd WSb1`*bd`d Z* a,\1Y `\/Z\Yq4mV1xD

˛�� •�˚ �˚�˙�˚�� ˙˚�˚•

58 �\/Sb1WqYOf`SabS*Z*Y ,*3Z\ d/\Oab\,1`qbnaq , b\YE hb\ �W\,\ �\-* 4*Ob`*-S,*1b dY S a1`/g1 Sf `1+1ZV*D `\OaWd3S, , SZ\q4mhZ\Y a\+`*ZSS +\W11b`1f W1bE �1`3 S 1-\ 31Z* p`n1Wn 4*OY1bSWSE hb\ /df\,Zm1 4*ZqbSq +\Wnj1Z1 ]`SZ\aqb `*/\abS Sf 5;OW1bZ1Yd amOZdD w�* a,\1Y `\/Z\Y e`*Zgd4aV\Y \Z]`\]\,1/\,*W a +\WnjSY d/\,\Wnab,SO1YE Z\ aWd31ZS1 Z* /`d-\Y q4mV1 ab*OW\ 1-\ `*4/`*3*bnxEP `*aaV*4*W* pO`n1WnD �1`3 ]\/1WSWaqB w�\-/* Ym]\ZqWSEhb\ 1-\/df\,Zmy `\ab ]`S\ab*OZ\,SWaqE Ym `1jSWS ,1`Zdbnaq , a,\1]`13Z11 a\+`*ZS1xD59 �b\ ]\Y\31b `\/Sb1WqY `1jSbnE

,\4,`*k*bnaq WS , a\+`*ZS1E -/1 -\,\O`qb Z* q4mV1E V\b\`my Sf /1bS ]\ZSY*Opb Wdhj1 ,a1-\H �\O]1`,mfE SY Zd3Z\]\/dY*bnE /\ab*b\hZ\ WS d ZSf ,`1Y1ZSS aSWE hb\+m ]`S,S,*bn a,\SY /1bqYWp+\,n V �1-\,1 S ]`S ob\Y dhSbn SfSZ\ab`*ZZ\Yd q4mVdD �\O,b\`mfE `\/SOb1WS Y\-db 4*Y1bSbnE hb\ /1bS \fW*/1WS

58D � h1Y ,*3Z\ d/\ab\,1`qbnaq `\/Sb1WqYS ]\h1YdH59D *M �b\ Y\31b ]\+d/Sbn `\/Sb1W1y ,1ÒZdbnaq , a\+`*ZS1E -/1 -\,\`qb Z* q4mOV1E V\b\`my Sf /1bS ]\ZSY*pb Wdhj1 ,a1-\H+M �*VS1 a\,1bm /*pbaq `\/Sb1WqY ,\ �b\O`\4*V\ZSS :B9P;H

V /df\,Z\Yd SWS hb\ SY Z1SZb1`1aZ\aWd3Sbn , SZ\q4mhZ\Y a\+`*ZSSD � b*OV\Y aWdh*1 `\/Sb1WSOf`SabS*Z1 Y\-db]\ahSb*bnE hb\ SY Wdhj1 aWd3Sbn , b\Ya\+`*ZSSE -/1 -\,\`qb Z* f\`\j\ ]\OZqbZ\Y Sf /1bqY q4mV1E ]\V* b1 Z1 dbO,1`/qbaq , SabSZ1D L˛*hSb*y �b\`\4*OV\ZS1 :B9P;DM5: �1V\b\`m1 `\/Sb1WS Z*jWS a]\O

a\+E V*V \+dh*bn a,\Sf /1b1y Z* `\/Z\Yq4mV1 S ]`S ob\Y ]\a1k*bn ,ab`1hS SZ\Oq4mhZ\-\ a\+`*ZSq SWS -`d]]mD"*`WnEd V\b\`\-\ b`S /\h1`S , ,\4`*ab1 \b= /\ 57 W1bE ]\a1k*1b a a1Yn1y ,ab`1hSZ* q4mV1 WSZ-*W*D �\b hb\ \Z -\,\`SbBwm `1jSWS S4dh*bn a /1bnYS S ]`\,\O/Sbn a1Y1yZ\1 ]\VW\Z1ZS1 Z* `\/Z\Yq4mV1D � b\ 31 ,`1Yq Ym dhSY Sf -\,\O`Sbn Z* WSZ-*W* S S-`*1Y a ZSYS , `*4OZm1 S-`mE hb\+m S4dh*bn q4mV +mW\ ,1Oa1W\ S SZb1`1aZ\xD5; �1,SZE d V\b\`\-\ /,1 /\h1`S 9 S

< W1bE ,S/qE hb\ \ZS Z1 /\ V\Zg* ]\ZSY*OpbE \ h1Y -\,\`Sbaq Z* ,ab`1h*f a\+`*OZSqE Z*j1W b*V\1 `1j1ZS1B wma31Z\yS4dh*1Y a \+1SYS /\hV*YS Z* Sf `\/OZ\YE e`*Zgd4aV\Y q4mV1D m b*V31 `1OjSWS `*4 , Y1aqg f\/Sbn Z* ,ab`1hd a\O+`*ZSq Z* e`*Zgd4aV\YE * , \b]daV1]\a1k*bn Z* e`*Zgd4aV\Y 1k1 S V\ZO-`1aaxD5< �\Z1hZ\E ,*Y ,S/Z11E hb\ +d/1b WdhO

j1 /Wq /df\,Z\-\ +W*-\]\WdhSq ,*jSf/1b1y L�*WD :B9M6D p`n1WnE \ V\b\`\y-\,\`SW\an `*Z11E ]\/1WSW*anE hb\ `*O/S /df\,Z\-\ `\ab* Sf amZ* SY a YdO31Y ]`SjW\an \bV*4*bnaq \b aWd31ZSqEV\b\`\1 SY b*V Z`*,SW\anD L˛*hSb*y

5:E 5;D �*V Z1V\b\`mY `\/Sb1WqY d/*1baq\+dh*bn a,\Sf /1b1y SabSZ1E aWd3* , SZ\Oq4mhZ\Y a\+`*ZSSH5<D *M �*V\y ]`SZgS] S4 �SYWqZ*Y 59B5E 6]\Y\31b \]`1/1WSbnE hb\ +d/1b Wdhj1 /Wq,*jSf /1b1yH +M �b\ a\,1bdpb Z1V\b\`m1 `\O/Sb1WSH L�Y\b`Sb1 ]`SY1h*ZS1DM

�SYWqZ*Y 59B5E 6DM�-Wq/m,*qan Z*4*/E�1`3 ]\ZSY*1bE hb\ \ZS ]`SZqWS ]`*O,SWnZ\1 `1j1ZS1D �Z -\,\`SbB w \aW1b\-\ V*V Ym ,1`ZdWSan ,\ e`*Zgd4aV\1a\+`*ZS1E Z*j amZ ,\a]`qZdW /df\,Z\S V`1abSWaqD �1yh*a \Z aWd3Sb ]S\Z1O`\YD �Z /*31 ]\/dYm,*1bE Z1 ]1`1ybSWS 1Yd aZ\,* , SZ\q4mhZdp -`d]]dIx

��& �� ˛�� ˚��"˚ �˚�˙�˚

5= �4 Wp+,S �1-\,* ]\4*+\bSWaq \b\YE whb\+m Wp/S ,aqV\-\ `\/* a]*aOWSan S ]`SjWS V b\hZ\Yd 4Z*ZSp SabSOZmxD �Z a/1W*W b*VE hb\ 1-\ �W\,\ /\Oabd]Z\ Z* a\bZqf q4mV\, L5 �SYD 6B8MD�1-\,* ]\ZSY*1bE hb\ Wdhj1 ,a1-\ WpO

5=E 6>D �*V Ym Y\31Y ]\V*4*bnE hb\ Wp+SY�\3n1 �W\,\H

/S aY\-db d/\,W1b,\`Sbn a,\S /df\,OZm1 ]\b`1+Z\abSE 1aWS +d/db d4Z*,*bn \Z1YE hSb*q �S+WSp Z* q4mV1E V\b\`my+WS4\V Sf a1`/gdD6> � Wp+mf \+ab\qb1Wnab,*f Z*Y ,*3O

Z\ ]Sb*bnaq b,1`/\y /df\,Z\y ]Sk1yD�1-dWq`Z\ S4dh*q �S+WSp Z* `\/Z\Yq4mV1E Ym \ab*1Yaq /df\,Z\ V`1]VSYSa*YS S ]\Y\-*1Y `*abS /df\,Z\ a,\1ya1Yn1D �*V Ym ]\V*4m,*1YE hb\ a+1`1O-*1Y aW\,* �\-* , a,\1Y a1`/g1 L aD55=B55MD

�`SW*-*yb1 daSWSqE hb\+m dhSbn Z\,my q4mVS ]`SZSY*bn dh*abS1 ,\ ,ab`1h*f a\+`*ZSqL�Y\b`Sb1 *+4*gm 5:E 5;DM

��

� �˚�� )B5 �+4*g 9D �Y1Z* S4Y1Z1ZmD6 �+4*g 5<D b\YE V*VS1 +S+W1yaVS1 ]`SZgS]m Y\O-db ]\Y\hn a1Yn1E hSb*yb1 , ab*bn1 w�\a]Sb*ZS1/1b1y , hd3\y ab`*Z1D �aSWSq ,\4Z*-`*3/*pbaqx, w�b\`\31,\y +*jZ1x \b 59 \Vbq+`q 6>>6 -\/*D

��)��& 6>5: 5;

�*VOb\ \/SZ h1W\,1V a]`\aSW Y*WnhSV*B w�*4,1bm Z1 4Z*1jnE hb\ 4\W\b*q Y\Z1b* ,/,\1 /\`\31a1`1+`qZ\yHx*WnhSV dWm+ZdWaq S \b,1bSWB w�\OZ1hZ\E 4Z*pxDP w�*V ]\h1Yd 31 bm ,a1-/* +1`1jna1`1+`qZdpHx P a]`\aSW b\b h1W\,1VD �* ob\Y*WnhSV aV*4*WB w˚aWS q ,m+1`d 4\W\bdpE ob* S-`*]`1V`*bSbaqD ˛Z*WS +m ,mE aV\WnV\ d Y1Zq Z*+`*OW\an a1`1+`qZmf Y\Z1bIx � ob\-\ Y*Wnhd-*Z* +mOW* ]`*VbSh1aV*q Yd/`\abnP b\Eh1YdY\-WS +m ]\OdhSbnaq /*31 ,4`\aWm1D� �S+WSS -\,\`SbaqB w�`*ZS ]`*VbSh1aVdp

Yd/`\abn S YmaWSb1WnZm1 a]\a\+Z\abSDDD �\-/*+d/1jn +14\]*aZ\ S/bS ]\ a,\1Yd ]dbS S b,\q Z\O-* ZS \+\ hb\ Z1 a]\bVZ1baqx L `SbD 7B65E 67MD \OWdh*1baqE 4Z*ZS1 \ b\YE hb\ b*V\1 w]`*VbSh1aV*qYd/`\abnx S V*V 1p `dV\,\/ab,\,*bnaqEP 4*W\-Z*j1y +14\]*aZ\abSD �Z* ]\Y\31b Z*Y Z1 a]\bOVZdbnaq Z* ]dbS SabSZm S S/bS ]\ Z1Yd b,1`/mYEd,1`1ZZmY j*-\YD

�� ˚ �� ˚��) ��˙��&H

`*VbSh1aV*qYd/`\abnPob\Z1 b\31 a*Y\1Ehb\4Z*ZSq S ]\ZSY*ZS1D�1W\,1VE \+W*/*pkSy 4Z*ZSOqYSE a\+S`*1b a,1/1ZSq Se*VbmD�\bE Vb\SY11b ]\OZSY*ZS1E ,S/SbE V*V e*Vbm a,q4*Zm /`d- a /`d-\YDb\bE Vb\ ]`S\+`1WYd/`\abnE Y\31b a\h1b*bn 4Z*OZS1 a ]\ZSY*ZS1Y S ]`SY1Zq1b Sf Z* /1W1D�*aaY\b`SY b*V\y ]`SY1`D �1W\,1VE a V\b\`mY

,m ]`\,\/Sb1 S4dh1ZS1E /\,\WnZ\ +mab`\ ]`\hSOb*W S ]\ZqW VZS-d w�1Yd Z* a*Y\Y /1W1 dhSb �S+OWSqHxD �\ ,`1Yq S4dh1ZSq \Z ]`*,SWnZ\ \b,1h*1bZ* ,a1 ,\]`\amD �Z f\/Sb Z* ,ab`1hS a\+`*ZSq S/*31 dh*ab,d1b , \+ad3/1ZSSE /*,*q f\`\jS1 \bO,1bmD �a1 ob\ Y\31b dV*4m,*bn Z* 1-\ /df\,Zmy`\abD �\ Y\3Z\ WS aV*4*bnE hb\ \Z ]`S\+`1W Yd/O`\abnH�1\+q4*b1WnZ\D �\4Y\3Z\E \Z ]`\ab\ af,*Obm,*1b ,a1 Z* W1bdD �/Z*V\ Yd/`\abn \Z \+`1b1bb\-/*E V\-/* Z*hZ1b 3Sbn , a\-W*aSS a SabSZ\y S]`*,SWnZ\ Sa]\Wn4\,*bn 4Z*ZSq S ]\ZSY*ZS1D ˚aOWS 1-\ `1j1ZSq 4/`*,m S bk*b1WnZ\ ]`\/dY*ZZmEY\3Z\ a d,1`1ZZ\abnp aV*4*bnE hb\ \Z ]`\q,Wq1b]`*VbSh1aVdp Yd/`\abnD�*be1q ;B68P6; 4*]Sa*Z ]`SY1` �Sada* �`SO

ab* \ /,df Wp/qfE V*3/my S4 V\b\`mf ]\ab`\SW/\YD �/SZ S4 ZSf +mW w+W*-\`*4dYZmYx h1W\O,1V\YD ˙dY*q Z*]1`1/E \Z ]\ab`\SW a,\y /\Y Z*aV*W1D �Z ]\abd]SW /*WnZ\,S/Z\ S \aY\b`Sb1WnOZ\D �Z Z1 ab*W `*aad3/*bnE hb\ ]\ab`\Sbn /\Y Z*]1aV1 Y\3Z\ +mab`\ S Z1/\`\-\D `\q,S, Yd/O`\abnE \Z /1yab,\,*W a dh1b\Y b\-\E hb\ Y\31b]`\S4\ybS , +d/dk1YD \ob\YdE V\-/* Z*h*W*anaSWnZ*q +d`qE 1-\ /\Y dab\qWD�b*VE V*V31 Z*Y\+O`1abS S a\f`*ZSbn ]`*VbSh1aVdp Yd/`\abnH

�� ˚˚ ��˚�� H

�\O]1`,mfE \+`*bSb1 ,ZSY*ZS1E hb\ -\,\`Sbaq ,Sf1q :B=B w�1W\,1VE \+W*/*pkSy ]`*VbSh1aV\y

�`*ZSb1 WS ,mw]`*VbSh1aVdpYd/`\abnxH

� ˙• -Wdf\y /1`1,djV1 3SWZSkSy Y*WnhSVD �a1 Z*/ ZSY aY1qOWSan S Z*4m,*WS 1-\ /d`*hV\YD�Z\-/* a\a1/S ,mab*,WqWS 1-\Z* ]\b1fd a,\SY -\abqYD ZS ]`\bqO-S,*WS 1Yd /,1 Y\Z1bm P +\Wnjdpa1`1+`qZdp S Y*W1ZnVdp 4\W\bdpEV\b\`*q +mW* , /,* `*4* /\`\31Dw�m+S`*y Wp+dpxEP -\,\`SWS \ZSY*WnhSVdD Z f,*b*W a1`1+`qZdpS d+1-*WD

5< ��˝˚��) ��")

��)��& 6>5: 5=

Yd/`\abnpE +d/1b +\qbnaqDDD ��\3n1-\� SY1ZSxD�\bE Vb\ +\Sbaq SY1ZS �1-\,mE Sa]mbm,*1b V �\O-d ]\hb1ZS1D �Z a +W*-\-\,1ZS1Y \bZ\aSbaq V\,a1YdE hb\ ab\Sb 4* �\3nSY SY1Z1YE , b\Y hSaW1 V1-\ Z\`Y*YD �1,\4Y\3Z\ \bZ\aSbnaq V V\YdOb\ a]\hb1ZS1YE Z1 4Z*qE V*VS1 d ob\-\ h1W\,1V* ,4-WqO/mD �\WnV\ d4Z*, SfE Y\3Z\ ]`\ZSVZdbnaq V Z1Yd/\,1`S1YE dhSbnaq d Z1-\ S ]\/`*3*bn 1Yd , b\YEV*V ]`SZSY*bn Yd/`m1 `1j1ZSqD ˚aWS Ym /dY*1Y\ b\YE V*V Z*jS `1j1ZSq aV*3dbaq Z* \bZ\j1ZSqfa �1-\,\yE S 1aWS Ym ]`SZSY*1Y SfE dhSbm,*q �\O3nS Z\`YmE b\ \+`1b1Y ]`*VbSh1aVdp Yd/`\abnD�\O,b\`mfE 4*Y1bnb1E hb\ Z*]Sa*Z\ , `Sbh*f

5<B5B w�+\a\+WqpkSyaq Sk1b a\+ab,1ZZ\y ]`SOf\bSE ,\aab*1b ]`\bS, ,a1y ]`*VbSh1aV\y Yd/`\O

abSxD ˚aWS Ym Z1\aY\b`Sb1WnZmE Ym Y\31Y \b/*OWSbnaq \b �1-\,m S 1-\ Z*`\/*D�b\+m Z1 ]\WdhSOW\an b*VE hb\ Ym \+\a\+Wq1YaqE Zd3Z\ ]`\,\/Sbn,`1Yq a b1YSE Vb\ +\Sbaq �\3n1-\ SY1ZS S d,*3*O1b 1-\ Z\`YmD ˚aWS Z*jS\+ab\qb1Wnab,* ]\4,\WqOpbE ,*3Z\ ,a1-/* ]`Sf\/Sbn Z* ,ab`1hS , ˛*W �*`Oab,* S \+k*bnaq b*Y a +`*bnqYS S a1ab`*YSD �\Ehb\ Ym aWmjSY Z* ,ab`1h*fE Zd3Z\ ]`\]daV*bnh1`14 a,\y `*4dY S a1`/g1E hb\+m daWmj*ZZ\1 4*Ob`\ZdW\ Z*aD�`\Y1 b\-\E 1aWS Ym `*aaV*4m,*1Y �1-\,1 \+\

,a1YE hb\ d Z*a Z* a1`/g1E Ym ab*Z\,SYaq V Z1Yd+WS31 L `SbD 7B9E :MD �\-/* Ym -Wd+\V\ `*4YmjOWq1Y Z*/ b1YE hb\ hSb*1Y , �S+WSS S WSb1`*Obd`1E V\b\`dp S4/*1b \`-*ZS4*gSq �1-\,mE Ym

�\E V*V ,m ,`*4dYWq1b1 /1b1y a1-\/ZqE]\,WSq1b Z* ,*jS \bZ\j1ZSq a ZSYS , +d/dk1Y

6> ��˝˚��) ��")

Y\31Y ]`1/,S/1bnE V*VSYS +d/db ]\aW1/ab,Sq Z*OjSf /1yab,SyE S /1W*bn ]`*,SWnZmy ,m+\`D �*Yb*V31 Zd3Z\ ]`SZSY*bn V a1`/gd a\,1bmE V\b\`m1/*pb /df\,Z\ 4`1Wm1 +`*bnq L `SbD 5=B6>MD �\-/*Ym +d/1Y Z1 ,\aab*,*bn w]`\bS, ,a1y ]`*VbSh1OaV\y Yd/`\abSxE * \+`1b*bn 11D

��&�� ˝� � �˚�&˚H

`*VbSh1aV*q Yd/`\abn ]\Y\-*1b a\f`*ZSbn f\O`\jS1 \bZ\j1ZSq , a1Yn1D�*VE �S+WSq ]`S4m,*1b31Z w-Wd+\V\ d,*3*bn Yd3*x L'eD 9B77MD �*V Yd3d4*aWd3Sbn d,*31ZS1 a,\1y 31ZmH ˚aWS Yd3 ,1/1ba1+q /1a]\bShZ\E b`1+dqEhb\+m31Z* 1-\ d,*3*W*EobSY \Z Y*W\ h1-\ /\+n1baqD �\Z1hZ\Ehb\+m S4+1O3*bn V\ZeWSVb*E 1-\ 31Z*E ,\4Y\3Z\E S +d/1b ,1OabS a1+q d,*3Sb1WnZ\E V\-/* \Z `q/\YD �\ hb\ +dO/1b , 1-\ \badbab,S1H �]\WZ1 ,\4Y\3Z\E \b 11d,*3Sb1WnZ\-\ \bZ\j1ZSq Z1 \ab*Z1baq S aW1/*Dd3d ab\Sb ]\/dY*bnE V*V a1+q ,1abSE hb\+m 31Z*d,*3*W* 1-\ ]\OZ*ab\qk1YdD ˚aWS \Z ]`\q,Wq1b]W\/ /df*E \V`d3*q 11 Wp+\,np S /\+`\b\yE \Z4*,\p1b 11 -Wd+\V\1 d,*31ZS1D �\Z1hZ\E 31ZmOf`SabS*ZVS /\W3Zm d,*3*bn Yd3* Z14*,SaSY\ \bb\-\E 4*aWd3S,*1b \Z ob\-\ SWS Z1b L�*WD 9B66E 67MD� �S+WSS b*V31 -\,\`SbaqE hb\ wYd3nq /\W3Zm

Wp+Sbn a,\Sf 31Zx L'eD 9B6<E 77MD �\qan ]\b1`qbnWp+\,n Yd3*E 31Z* Y\31b db*Sbn \b Z1-\ b\E hb\1Yd Z1 ]\Z`*,SbaqE Z\ hb\ \Z SY11b ]`*,\ 4Z*bnD\3Z\ WS ob\ Z*4,*bn ]`*VbSh1aV\y Yd/`\abnpH�*V\b`1*-S`d1b Yd3E V\-/* 1Yd ,a1 ab*Z1b S4,1abOZ\H ˚/,* WS ob\ dV`1]Sb Sf \bZ\j1ZSqD �/Z*V\E1aWS31Z* Z*y/1b ]\/f\/qkSyY\Y1ZbEhb\+m a]\OV\yZ\ ,a1 1Yd \+lqaZSbnE \Z Z1]`1Y1ZZ\ \g1ZSb11 h1abZ\abn S ab*Z1b Wp+Sbn 11 1k1 +\Wnj1D˙1bS /\W3Zm +mbn w]\aWdjZm a,\SY `\/Sb1O

WqYxE V\b\`m1 Z*ab*,Wqpb Sf Z* ]dbn SabSZm L'eD:B5E 8MD �4Z*h*1b WS ob\E hb\ `\/Sb1WqY Zd3Z\ a\Oab*,Sbn /Wq /1b1y /WSZZmy a]Sa\V ]`*,SWH ˙1bSZ1 ]`\ab\ /\W3Zm 4Z*bnE h1-\ \b ZSf \3S/*pb `\O/Sb1WS S V*V\1 Z*V*4*ZS1 Sf 3/1b , aWdh*1 Z1]\OaWdj*ZSqD ˚aWS d `\/Sb1W1y 1abn ]`*VbSh1aV*qYd/`\abnE \ZS \+lqaZqb a,\SY /1bqYE ]\h1Yd b1/\W3Zm +mbn ]\aWdjZmYSD `1/]\W\3SYE `1+1Z\V Z1d,*3Sb1WnZ\ `*4-\O

,*`S,*1b a V1YOb\ S4 `\/Sb1W1yD ˚aWS Z* Z1-\ Z*O

V`Sh*bn SWS , ]\`m,1 -Z1,* Z*V*4*bnE `1+1Z\V Y\O31b ]\hd,ab,\,*bn a1+q dZS31ZZmY SWS ,\\+k1dybS , a1+qD �Z Y\31b 4*b*Sbn \+S/d S \b/*WSbnOaq \b `\/Sb1W1yD�\/Sb1WSE \+W*/*pkS1 ]`*VbSh1aV\y Yd/`\aO

bnpE /dY*pbE V*V\1 Z*V*4*ZS1 ]\/\y/1b Sf /1bqYS V*V \Z\ Z* ZSf ]\,WSq1bD �1Wn4q Z*V*4m,*bn `1O+1ZV* , ]`Sabd]1 -Z1,*D �dhj1 a]\V\yZ\E ]\O/\O+`\Yd ]\-\,\`Sbn a ZSYE ,\4Y\3Z\ /*31 Z*1/SZ1ES \+lqaZSbn 1YdE hb\ �1-\,* f\h1bE hb\+m \Z hbSW`\/Sb1W1y S Y\- ,1hZ\ 3Sbn Z* 41YW1D � b\-/* `1O+1Z\V ]\yY1bE hb\E ]`\q,Wqq d,*31ZS1 V `\/Sb1OWqYE \Z b1Y a*YmY hbSb �1-\,d L'eD :B6E 7MD �*V\1\bZ\j1ZS1 Y\31b 4*b`\Zdbn a1`/g1 `1+1ZV*D �Zd,S/SbE hb\ `\/Sb1WS SaV`1ZZ1 1-\ Wp+qbE S +d/1bd,*3*bn Sf 1k1 +\Wnj1D , +d/dk1Y \Z Z1 ]\+\OSbaq ]\/\ybS V ZSYE hb\+m ]\/1WSbnaq b1YE hb\1-\ -Wd+\V\ ,\WZd1bD�1V\b\`m1 `\/Sb1WS ]1`13S,*pbE hb\ 4*/1Zdb

hd,ab,* `1+1ZV*E ]\ob\Yd ZSV\-/* 1-\ Z1 Z*V*4mO,*pbD �\ hb\ +d/1bE V\-/* `1+1Z\V ,m`*ab1bH �b*OZ1b WS \Z +\qbnaq �1-\,d S ]\yY1b WSE Z*aV\WnV\Yd/`\ 3Sbn , a\-W*aSS a Z\`Y*YS �\-*H ˛*f\h1bWS \Z ,a1Y a1`/g1Y ]`SZSY*bn Z*ab*,W1ZS1 �1-\O,m SWS 31 +d/1b \+\a\+WqbnaqE ]`1Z1+`1-*bn /dOf\,ZmYH L `SbD 57B5C 6=B65MD�\`\jSy aVdWn]b\` 4*`*Z11 4Z*1bE hb\ f\h1b a\O

4/*bnD �Z Z1 ]`\ab\ \bV*Wm,*1b \b V*YZq Vda\V 4*VdaV\Y , Z*/13/1E hb\ ]\WdhSbaq j1/1,`D �\/Sb1OWSE \+W*/*pkS1 ]`*VbSh1aV\y Yd/`\abnpE Z1 3*OW1pb ,`1Y1ZS Z* b\E hb\+m d4Z*,*bn Z\`Ym �1-\O,m S 3Sbn ]\ ZSYE ]\V*4m,*q b1Y a*YmYE hb\ \ZS+\qbaq 1-\ SY1ZSD �1 \+\a\+Wqqan \b �1-\,mS 1-\ \`-*ZS4*gSSE \ZS \+`1b*pb ]`*VbSh1aVdpYd/`\abn S dV`1]Wqpb a1Y1yZm1 d4mD�*3/my /1Zn Z*Y ]`Sf\/Sbaq ]`SZSY*bn `1j1O

ZSqE S Z1V\b\`m1 S4 ZSf Y\-db ]\,WSqbn Z* ,apZ*jd 3S4ZnD �1 Zd3Z\ b\`\]Sbnaq S /1W*bn ]\Oa]1jZmy ,m+\`D �dhj1 \ab*Z\,Sbnaq S ]\`*4OYmjWqbnD ˙dY*yb1 \ /*W1V\ S/dkSf ]\aW1/abO,SqfD �kSb1 `dV\,\/ab,* �1-\,m S ]`SY1Zqyb1�\3np Yd/`\abnD �*V ,m a\f`*ZSb1 ]`*VbSh1aVdpYd/`\abn S aY\31b1 \+`1abS ,1hZdp3S4Zn L `SbD7B65E 66MD

� ��˚� SabSZZmf f`SabS*Z 1abn hd/1aZ*q Z*/13/*D �*V ]\Y*O4*ZZSVSEb*V S w/`d-S1 \,gmx a Z1b1`]1ZS1Y3/db ,`1Y1ZSE V\-O/* Sa]\WZSbaq ]1`,\Z*h*WnZmy 4*Yma1W �1-\,m S 1-\ SYq +dO/1b \a,qk1Z\ L�\*ZD 5>B5:C*beD :B=E 5>MD 'b\ a*Y*q d/S,Sb1WnOZ*q S ]`1V`*aZ*q Z*/13/*E V\b\`dp b\WnV\ Y\-db ]Sb*bn Wp/SD�*V31 Ym f\bSY ]\WdhSbn hd/1aZdp Z*-`*/d P ,1hZdp 3S4ZnZ* Z1+1 SWS Z* 41YW1 L6 1bD 7B57MD �`\Y1 b\-\E Ym \3S/*1YE hb\, Z*jS/ZS�\3SyZ*`\/ +d/1b ,a1 +\Wnj1]`\g,1b*bn/df\,Z\D6 �\Z1hZ\E , ob\Y YS`1 Wp/S b\31 Z* hb\Ob\ Z*/1pbaqE Z\ Sf

\3S/*ZSqY /*W1V\ Z1 ,a1-/* ad3/1Z\ Sa]\WZSbnaqD �*VE YSWOWS\Zm h1W\,1V Y1hb*pb ,mS-`*bn , W\b1`1pE Z\ 1/,* WS Sf Y1Ohbm \adk1ab,qbaqD �abSZZ*q 31 ,1`* P ob\ w\+\aZ\,*ZZ\1\3S/*ZS1 b\-\E Z* hb\ Z*/1pbaqx f`SabS*Z1 L˚,`D 55B5MD �/Z*OV\ ,mE ,\4Y\3Z\E 4*/*1b1an ,\]`\a*YSB V*V a/1W*bn a,\S \3SO/*ZSq +\W11 \+\aZ\,*ZZmYSH � V*V Z*Y Y\31b ]\Y\hn V`1]OV*q ,1`* , b\E Z* hb\ Ym Z*/11YaqH7 �`1jZm1 Wp/S Z1 `\3/*pbaq a ,1`\y , a1`/g1E S \Z*

5E 6D *M �1Y Z*j* ]`1V`*aZ*q Z*/13/* \bWSh*1baq \b b\-\E Z* hb\Z*/1pbaq Wp/S , ob\Y YS`1H +M �*VS1 ,*3Zm1 ,\]`\am Ym a1yh*a`*aaY\b`SYH7D �*V*q SabSZ* W13Sb , \aZ\,1 f`SabS*ZaV\y ,1`mH

�V`1]Wqyb1 ,1`d , b\EZ* hb\ Z*/11b1anw�1`* P ob\ \+\aZ\,*ZZ\1 \3S/*ZS1 b\-\EZ* hb\ Z*/1pbaqx L˚��D 55B5MD

�˚��B <5E 578

�� % �% ��˚� � H

��

�*V , ]`\jW\Y aWd3Sb1WS�1-\,m dV`1]WqWS a,\p,1`dH

��

�W*-\/*`q V*VSY /*`*Y\b �1-\,m Ym Y\31YdV`1]Wqbn a,\p ,1`dH

��

�*V Z*Y Y\31b ]\Y\hnV`1]V*q ,1`*H

65

66 ��˝˚��) ��")

Z1 `*4,S,*1baq a*Y* a\+\yD �`SabS*ZaV*q,1`* ]\q,Wq1baqE V\-/* Z* Z*j1 ,\a]`SOSYhS,\1 a1`/g1 ,\4/1yab,d1b �\3Sy a,qOb\y /df L�*WD 9B66MD � �S+WSS Z1 -\,\`SbOaqE hb\ d �1-\,m 1abn ,1`* SWS hb\ \Z ,Z1y Zd3/*1baqD �1/n �1-\,* P a*Ymy Y\O-dk1ab,1ZZmy S a*Ymy Yd/`my ,\ �a1OW1ZZ\yC ZShb\ Z1 , aSW*f ]\Y1j*bn 1YdSa]\WZSbn a,\S Z*Y1`1ZSqD �*j Z1+1aOZmy �b1g ]\WZ\abnp d,1`1Z , b\YE hb\1-\ \+1k*ZSq Sa]\WZqbaqE ]\ob\Yd -\O,\`Sb \ ZSfB w�ZS a+mWSanIx L˛*hSb*y�bV`\,1ZS1 65B7P:DM � \aZ\,1 f`SabSO*ZaV\y ,1`m W13Sb SabSZ* \ b\YE hb\�1-\,* P w,1`Zmy �\-xE V\b\`my ,a1-/*/1`3Sb a,\1 aW\,\ L�b\`D ;B=MD

�� ) � � �˚�� ˚�% ˛ ��"��

8 � 55Oy -W*,1 SanY* 1,`1qY ]1`1hSaOW1Zm SY1Z* 5: Yd3hSZ S 31ZkSZE ]`\q,OWq,jSf V`1]Vdp ,1`dD \/ ,/\fZ\,1ZS1Y�\-* *,b\` ob\-\ ]SanY* Z*]Sa*W \+ obSfS YZ\-Sf /`d-Sf aWd3Sb1Wqf �1-\,mE V\Ob\`m1 w]\WdhSWS \ a1+1 a,S/1b1Wnab,\+W*-\/*`q ,1`1x L˚,`D 55B7=MD � ZSf d ,a1f+mW\ w\+\aZ\,*ZZ\1 \3S/*ZS1x b\-\E hb\a\-W*aZ\ \+1k*ZSp �\-* ]\q,Sbaq w]\Ob\Yab,\xE V\b\`\1 ]\V\ZhSb a Yqb13\YE]\/ZqbmY �*b*Z\yE S Sa]\WZSb ]1`,\Z*Oh*WnZmy 4*Yma1W �1-\,m L�mbD 7B59MD �1,1`Zm1 aWd3Sb1WS �\-* dY1`WS /\ ]\Oq,W1ZSq \+1k*ZZ\-\ w]\b\YV*xE �Sada*�`Sab*E V\b\`my \bV`mW ]1`1/ Wp/nYS,\4Y\3Z\abn 3Sbn Z* Z1+1 L�*WD 7B5:MD �/OZ*V\�1-\,* \+1k*1b ,\aV`1aSbnSf V3S4OZS , `*p Z* 41YW1E -/1 \ZS \+`1bdb a\,1`Oj1Zab,\E S 1-\ \+1k*ZS1 Z1]`1Y1ZZ\ SaO]\WZSbaq L aD 7;B55C �aD 6:B5=C �aD 57B58MD9 � ˚,`1qY 55B57 -\,\`Sbaq \ Z1V\b\O

8D �*Vdp Z*/13/d ]Sb*WS ,1`Zm1 Yd3hSZmS 31ZkSZmE 3S,jS1 /\ �Sada* �`Sab*H9E :D �*V*q Z*/13/* +mW* d �,`**Y* S 1-\`\/Zmf S hb\ ]\Y\-W\ SY a\f`*ZSbn V`1]OVdp ,1`dH L�Y\b`Sb1 SWWpab`*gSp , Z*h*W1ab*bnSDM

`mf aWd3Sb1Wqf �\-*E 3S,jSf /\ �`SOab*B w�a1 \ZS dY1`WS , ,1`1E Z1 ]\WdOhS, \+1k*ZZ\-\E Z\ ,S/1WS b\ S4/*WS S]`S,1bab,\,*WSxD �/ZSY S4 b1f aWd3Sb1OW1y +mW ,`**YD �a1-/* WS \Z ]\YZSW\ ]`1V`*aZ\y Z*/13/1 3Sbn ]\/ ]`*,W1OZS1Y \+1k*ZZ\-\ w]\b\YV*xH �Sada aV*O4*W a,\SY ]`\bS,ZSV*YB w,`**YE ,*j\b1gE \h1Zn `*/\,*WaqE Z*/1qan d,S/1bnY\y /1ZnE S \Z d,S/1W 1-\ S \+`*/\,*WaqxL�\*ZD <B9:MD �\ 31 a*Y\1 Y\3Z\ aV*O4*bn \ �*``1E �a**V1E �*V\,1 S YZ\-Sf/`d-Sf aWd3Sb1Wqf �\-*D �ZS Z1 d]daV*OWS S4 ,S/d Z*/13/d Z* �*`ab,\E wab`\SOb1Wn S a\4/*b1Wn V\b\`\-\ P �\-x L˚,`D55B<P55MD: �W*-\/*`q h1Yd ,`**Y S 1-\ `\/Zm1

aY\-WS a\f`*ZSbn V`1]Vdp ,1`dH �V\`11,a1-\E \ZS d4Z*,*WS \ �\-1E aWdj*q `*aOaV*4m ,1`Zmf ]\3SWmf aWd3Sb1W1y�1-\O,mE \+k*qan a ZSY `*4WShZmY \+`*4\Y ShSb*q /`1,ZS1 /\VdY1ZbmE V\b\`m1 4*OaWd3S,*WS /\,1`SqD �\ hb\ +\W11 ,*3Z\E\ZS /\`\3SWS obSYS 4Z*ZSqYSE * b*V31]\YZSWS \ �\3nSf \+1k*ZSqfE b`1+\,*OZSqf S `*4YmjWqWS Z*/ ZSYSD �f Z*/13O/* +mW* b*V\y b,1`/\yE hb\ \ZS +mWS -\Ob\,m ]1`1Z\aSbn Wp+m1 b`d/Z\abSE WSjn+m \ab*bnaq ,1`ZmYS �\-dD; �b\+m Z*j* ,1`* Z1 \aW*+1W*E �1-\O

,* S4 Wp+,S /*W Z*Y a,\1 �W\,\E �S+OWSpD ˚aWS Ym f\bSY +mbn ah*abWS,mYS Sda]1jZmYS , a,\Sf /1W*fE Z*Y Zd3Z\`1-dWq`Z\E ]\ ,\4Y\3Z\abS 131/Z1,Z\EhSb*bn �\3n1 �W\,\ L aD 5B5P7C 4*hSOb*y ˙1qZSq 5;B55MD �`\Y1 b\-\E ]\/\+Z\/`1,ZSY aWd3Sb1WqY �1-\,mE Z*Y Zd3OZ\ ]\ab\qZZ\ `*4YmjWqbn Z*/ �\3nSYS\+1k*ZSqYS S Sa]\WZqbn 1-\ b`1+\,*OZSqD �*V31 �1-\,* h1`14 w,1`Z\-\ S +W*O-\`*4dYZ\-\ `*+*x , S4\+SWSS /*1b Z*Y/df\,Zdp ]Skd L*beD 68B89MD ˚aWS Ym

;D �*V �1-\,* a Wp+\,np ]\4*+\bSWaq \b\YE hb\+m Ym Y\-WS dV`1]Wqbn a,\p ,1`dES hb\ Ym /\W3Zm /1W*bn a\ a,\1y ab\`\ZmH

/\`\3SY b1YE hb\ d4Z* �1YE Ym +d/1Y ]\f\O3SZ*3S,jSf , /`1,Z\abS ,1`Zmf aWd3SOb1W1y �\-*E d V\b\`mf +mW\ w\+\aZ\,*ZOZ\1 \3S/*ZS1x b\-\E hb\ Sf Z*/13/* Z*�*`ab,\ Sa]\WZSbaqD< � 3S4ZS /`1,ZSf aWd3Sb1W1y �\-*E

V\b\`m1 f\b1WS a\f`*ZSbn a,\p ,1`dV`1]V\yE ,*3Zdp `\Wn S-`*W* Y\WSb,*D�\-/* \ZS ,S/1WSE V*V �\- \b,1h*W Z*Sf Y\WSb,mE Sf ,1`* ab*Z\,SW*an V`1]Oh1 L�11YD 5B8E 55C aD 78B8E 59E 5;C ˙*ZD=B5=P65MD m b\31 Y\31Y S4WS,*bn �1-\O,1 a,\1 a1`/g1 S Z1 a\YZ1,*bnaqE hb\ \ZdaWmjSb Z*a S /*ab aSW ,a1 ]1`1Z1abSE Z1b1`qq ]`S ob\Y `*/\abSD V\-/* Ym ]\WdOh*1Y \b,1b Z* a,\S Y\WSb,mE Z*j* ,1`*V`1]Z1bD L˛*hSb*y 5 �\*ZZ* 9B58E 59DM \aV\WnVd ,1`* P \/Z* S4 a\ab*,WqpkSf]W\/* �\3n1-\ /df*E Z*Y Zd3Z\ ]`\/\WO3*bn ]`\aSbn �\-* \ 1-\ /df1D �Y1ZZ\ Vob\Yd ]`S4m,*W �Sada L�dVS 55B=E 57MD= �/Z*V\ , a,\Sf Y\WSb,*f Ym Z1 /\WO

3Zm \-`*ZShS,*bnaq WSjn b1YE hb\+m]`\aSbn �\-* \ ]\Y\kSD �1 ]1`1hSaWSbn,a1 YZ\31ab,\ d/S,Sb1WnZmf /1WE 4* V\Ob\`m1 Y\3Z\ V*3/my /1Zn +W*-\/*`Sbn�\-* L aD 8>B9MD �*Y Zd3Z\ ,a]\YSZ*bnwZ*f\/qkSfaq , bp`1YZmf \V\,*fxE wV*V1aWS +mDDD �Ym� a*YS +mWS 4*VWph1Zm,Y1ab1 a ZSYSxD �*V31 Zd3Z\ Y\WSbnaq \Z*jSf +`*bnqf ]\ ,a1Yd YS`dE \a\+1ZZ\\ wb1fE Vb\ +1`1b Z* a1+q `dV\,\/ab,\xD�*jS a1`/g* ]1`1]\WZq1b `*/\abnE V\-/*Ym ,S/SYE V*V �1-\,* \b,1h*1b Z* Z*jSY\WSb,m L˚,`D 57B7E ;MD

�� ˚ �� &��˚• �˚��•

5> � 55Oy -W*,1 SanY* 1,`1qY *]\ab\W *,1W Z*]Sa*W \+ Sa]mb*ZSqfE V\b\`m1

<D �*V Y\WSb,* Y\31b dV`1]Sbn Z*jd ,1`dH=D �b\E ]\YSY\ WShZmf ]`\an+E Ym /\W3Zm,VWph*bn , a,\S Y\WSb,mH5>D �b\ S4 aWd3Sb1W1y �\-* \bV*4*Waq Z*`dOjSbn a,\p ,1`Z\abn 1YdH bVd/* \ZS h1`]*OWS aSWmH

]1`1Z1aWSYZ\-S1 aWd3Sb1WS �\-*E Z1 Z*O4,*ZZm1 ]\ SY1ZSD �*VE *,1W d]\YqZdW,1`Zmf 31ZkSZE ]`\q,Wq,jSf V`1]Vdp,1`dD �ZS WSj*WSan amZ\,1yE Z\ ]\4/Z11w]\Wdh*WS a,\Sf dY1`jSf +W*-\/*`q ,\aOV`1a1ZSpxD ˙*W11 *,1W Z*]Sa*W \ b1fEVb\ w\bV*4*WSan \b \a,\+\3/1ZSq g1Z\yV*V\-\OWS+\ ,mVd]*E hb\+m /\abShn WdhOj1-\ ,\aV`1a1ZSqx L˚,`D 55B79MD �\bq *O,1W Z1 Z*4,*W Sf ]\ SY1ZSE ,\4Y\3Z\E \ZSY1W , ,S/d b*VSf aWd3Sb1W1y �\-*E V*V�*,de1y S ˛*f*`SqE V\b\`mf ]\+SWS V*YOZqYS 4* b\E hb\ \ZS aWdj*WSan �\-* S SaO]\WZqWS 1-\ ,\Wp L5 �*`D 65B7E 59C 6 �1bD68B6>E 65MD ˙*ZSSW S 1-\ /`d4nq Y\-WS ]\OWdhSbn \a,\+\3/1ZS1E 1aWS +m Z*`djSWSa,\p ,1`Z\abn �\-dD �/Z*V\ ,1`\y , b\Ehb\ �\- Y\31b ]\//1`3*bn Sf a,\1y Y\kOZ\y aSW\yE \ZS w4*V`m,*WS ]*abS Wn,*YE,m/1`3S,*WS aSWd \-Zqx L˚,`D 55B77E 78C˙*ZD 7B5:P5<E 6>E 6<C :B57E 5:E 65P67MD55 ˛* a,\p ,1`d ]`\`\V*Y Sf1p S �1O

`1YSS ]`SjW\an w]`1b1`]1bn \aY1qZS1DDDS bp`nYmxD ˙`d-S1 aWd3Sb1WS �\-*E Z*O]`SY1` ]`\`\V �WnqE waVSb*WSan ]\ ]dOabmZZmY Y1ab*Y S -\`*YE ]\ ]1k1`*Y S41YWqZmY qY*YxD �a1 \ZS aY\-WS ,mab\OqbnE ]\b\Yd hb\ d ZSf +mW\ w\+\aZ\,*ZOZ\1 \3S/*ZS1 b\-\E Z* hb\ Z*/1pbaqxL˚,`D 55B5E 7:P7<C 5 �*`D 5<B57C 66B68P6;C�1`D 6>B5E 6C 6<B5>E 55C 76B6MD56 �*]Sa*, \ Yd3hSZ*f S 31ZkSZ*fE

]`\q,Wq,jSf V`1]Vdp ,1`dE *,1W \+`*ObSW ,ZSY*ZS1 Z* b\-\E Vb\ ]\/*W ,m/*pOkSyaq ]`SY1` ,1`mEP Z* Z*j1-\ �\a]\/*�Sada* �`Sab*D � ˚,`1qY 56B6 aV*4*Z\Bw�*/S \3S/*,j1y 1-\ `*/\abS \ZE ]`1O4`1, ]\4\`E ab\yV\ ]`1b1`]1W ab\W+ Ydh1OZSy S a1W a]`*,* \b ]`1ab\W* �\-*xD �*YZd3Z\ a1`n14Z\ `*4YmjWqbn Z*/ ]`SY1O`\Y ,1`m �Sada*E V\b\`dp \Z ]`\q,SW

55D �b\ +W*-\/*`q ,1`1 aY\-WS ]`1b1`]1bnZ1V\b\`m1 ]`\`\VSH

56D �b\ ]\/*W ,m/*pkSyaq ]`SY1` ab\yV\OabS , Sa]mb*ZSqf S hb\ 1Yd , ob\Y ]\Y\-W\H

��)��& 6>5: 67

68 ��˝˚��) ��")

,\ ,`1Yq a*Y\-\ bq31W\-\ S4 ]1`1Z1a1ZOZmf SY Sa]mb*ZSyD L˛*hSb*y ˚,`1qY56B7DM \/\+Z\�SadadE ]1`,m1 f`SabS*ZOaVS1 Ydh1ZSVSE Z*]`SY1`dh1ZSV ZbS]*Ea\f`*ZSWS ,1`Z\abn �\-d L�bVD 6B57MD �f\3S/*W* Z*-`*/* P ,\aV`1a1ZS1 V 3S4ZSZ* Z1+1E ]`1,\af\/qk11 wWdhj11 ,\aV`1Oa1ZS1xE V\b\`\-\ \3S/*WS /`1,ZS1 aWdO3Sb1WS �\-* L˚,`D 55B79MD �]dabq Z1V\b\O`\1 ,`1Yq ]\aW1 b\-\E V*V , 5=58 -\/d]\q,SW\an �*`ab,\E ,a1 obS ,1`Zm1 ]\Y*O4*ZZm1 a,qbmY /df\Y Yd3hSZm S 31ZkSOZmE V\b\`m1 a]*WS aY1`bZmY aZ\YE ,\aOV`1aWS V /df\,Z\y 3S4ZS Z* Z1+1E hb\O+m ,Y1ab1 a �`Sab\Y ]`*,Sbn Wp/nYSL�bVD 6>B8MD

��˚�˚��%˚ � �˚�% �˚�%57 � Z*jS /ZS YSWWS\Zm aWd3Sb1W1y

�\-*E ]\/`*3*q �`SabdE Z1 d]daV*pb S4,S/d Z*/13/d S Z1 ]\4,\Wqpb Sa]mb*ZSOqY ]\V\W1+*bn Sf ,1`dD �*aaY\b`SY ]`SOY1` �d/\Wne* �`*yf1Z*E V\b\`my `\/SWOaq , 5=69 -\/d , �1`Y*ZSSD �\-/* \Z +mWY*W1ZnVSYE , Sf /\Y1 ,Sa1WS V*`bSZm a+S+W1yaVSYS ap31b*YSD �Z ,a]\YSZ*WBw�* \/Z\y S4 ZSf +mW* S4\+`*31Z* YS`OZ*q ag1Z*B ,\WV `q/\Y a q-Z1ZV\YE V\4W1OZ\V a W1\]*`/\YE b1W1Z\V a\ Wn,\Y P S

57E 58D � V*VSYS Sa]mb*ZSqYS ab\WVZdWaq�d/\Wne ̀ *yf1Z S hb\ ]\Y\-W\ 1Yd ,mOab\qbnH

�hSb1an WS ,m d +`*bn1, S a1ab1` S4 ,*j1-\ a\+`*ZSqE d V\b\`mf V`1]V*q ,1`*HL�Y\b`Sb1 *+4*gm 59E 5:DM

��)��& 6>5: 69

,a1f Sf ,\/Sb Y*W1ZnVSy Y*WnhSVD �DDD� �1V*`bSZm Z*,a1-/* \ab*WSan , Y\1y ]*YqObSx L�aD 55B:P=MD ˙\W-S1 -\/m �d/\Wne*31ab\V\ ]`1aW1/\,*WSP aZ*h*W* Z*gSabOaV\1 -1ab*]\E * 4*b1Y "b*4S , �˙�E \/Z*OV\ 1-\ ,1`* , 41YZ\y `*y Z1 \aW*+1W*D58 � 3S4ZS �d/\Wne* +mWS S /`d-S1

bq31Wm1 Sa]mb*ZSqD ˚-\ Wp+SY*q Y*Y*dY1`W* \b bSe* , V\Zg1Zb`*gS\ZZ\Y W*O-1`1 �*,1Za+`pVE * \b1gE V\b\`my \aW*O+1W /df\,Z\E ]\/]Sa*W /\VdY1Zb \+ \b`1Oh1ZSS \b ,1`m �,S/1b1W1y �1-\,mD �myO/q S4 bp`nYmE �d/\Wne Z*h*W aWd3Sbn`*y\ZZmY Z*/4S`*b1W1YE ]\b\Y 1-\ ]`SO-W*aSWS , "V\Wd �*W**/D ˚-\ Z*4Z*hSOWS YSaaS\Z1`\YE S \Z ]`\/\W3SW `*y\ZOZ\1 aWd31ZS1 , �SWSD �/Z*V\ ,]1`1/S1-\ 3/*WS Z\,m1 Sa]mb*ZSqD �1`14 -\/]\aW1 b\-\E V*V \Z 31ZSWaq Z* YSaaS\OZ1`V1 ]\ SY1ZS obaSE ]`\S4\jW* b`*-1O/Sq P dY1`W* Sf Y*W1ZnV*q /\hV*D \4O/Z11 dY1`W* S 1-\ /\`\-*q 31Z*E 1y +mW\,a1-\ 87 -\/*D �d/\Wne a\ ab\yV\abnp ]1O`1Z1a ,a1 obS Z1ah*abnqD � w�b\`\31,\y+*jZ1x \b 5 *,-dab* 5==; -\/* Lab`*ZSgm6>P69M +mW* Z*]1h*b*Z* 1-\ +S\-`*eSqD�* b\b Y\Y1ZbE Z1aY\b`q Z* ]`1VW\ZZmy,\4`*ab S +\W14ZSE �d/\Wne +mW ab*`1yOjSZ\y S aWd3SW ]S\Z1`\Y5D59 �,S/1b1WS �1-\,m a\f`*Zqpb `*O

/\abn S Z1 b1`qpb Z*/13/m /*31 ]1`1/WSg\Y ad`\,mfE Z1aV\Zh*1Ymf Sa]mb*OZSyD �*]`SY1`E YZ\-S1 Z*jS +`*bnq S a1Oab`m , �SZ-*]d`1E '`Sb`11 S (3Z\y �\O`11 aS/qb , bp`nY1 , \aZ\,Z\Y 4* b\E hb\]\abd]*WS , a\-W*aSS a\ aW\,*YS �SadOa* S \bV*4m,*WSan +`*bn , `dVS \`d3S1L*beD 6:B96MD �`1/S a\b1Z d4ZSV\, P+`*bnq �a**VE �1-1/1 S *dW\aE V\b\`m1Z*f\/qbaq , 4*VWph1ZSS , '`Sb`11 d31+\Wnj1 6> W1bI �1 SY1q ,\4Y\3Z\abS 4*O+\bSbnaq \ a,\Sf ]`1ab*`1Wmf `\/Sb1Wqf

59D �`S,1/Sb1 ]`SY1`m b\-\E V*V a1-\/Zq�,S/1b1WS �1-\,m Z1 b1`qpb `*/\abS ,\,`1Yq ]`1aW1/\,*ZSyD

S a\4/*bn a\+ab,1ZZdp a1YnpE obS +`*bnq\ab*pbaq ,1`ZmYS �\-dE Z1aY\b`q Z* 31Oab\V\1 \+`*k1ZS1D �* a*yb1 jw.org 1abne\b\-`*eSq obSf +`*bn1,D \ Sf a]\V\yOZmYE dWm+*pkSYaq WSg*Y ,S/Z\E V*V*q dZSf V`1]V*q ,1`*D ˙*31 \f`*ZZSVS ]`\OZSVWSan V ZSY d,*31ZS1YD5: �\WnjSZab,\ �,S/1b1W1y �1-\,m

ZSV\-/* Z1 ab*WVS,*WSan a 31ab\VSYS]`1aW1/\,*ZSqYSD �f ,1`* Sa]mbm,*1baq]\O/`d-\YdD Z\-SY ]`Sf\/Sbaq 3Sbn ,daW\,Sqf +1/Z\abS SWS -`*3/*ZaV\y ,\yOZmE /`d-S1 ab`*/*pb \b abSfSyZmf +1/Oab,SyD �b\Ob\E ]\/\+Z\ \Sa1p S Z1V\Ob\`mY ]*b`S*`f*YE \ab*,SW V\Ye\`bZdp3S4Zn SWS \bV*4*Waq \b aW*,mD �ZS S4\,a1f aSW ab*`*pbaq Z1 ]\//*,*bnaq SaVdOj1ZSp3Sbn , a,\1 d/\,\Wnab,S1D�b\ SY, ob\Y ]\Y\-*1bH �ZS Wp+qb �1-\,d Sb,1`/\ ,1`qb , 1-\ \+1k*ZS1 dab`*ZSbnZ1a]`*,1/WS,\abn S /*bn a,\SY ,1`ZmYaWd3Sb1WqY Z*-`*/d P ,1hZdp 3S4Zn ,Z\,\Y YS`1E -/1 +d/1b g*`Sbn ]`*,1/OZ\abnD L˛*hSb*y �a*W\Y 7;B9E ;E =E 6=DM5; �4 ob\y ab*bnS Ym d4Z*WSE V*V `*4O

YmjW1ZS1 Z*/ \+1k*ZSqYS �\-* S 131O/Z1,Zm1 Y\WSb,m ]\Y\-db Z*Y dV`1O]Sbn a,\p ,1`dD �W*-\/*`q ob\Yd Ym aY\O31Y /1`3*bn ,4\` Z* Z*j1y Z*/13/1 SESY1q w\+\aZ\,*ZZ\1 \3S/*ZS1xE ]1`1Z1OabS Wp+\1 Sa]mb*ZS1 ,1`mD �/Z*V\ ,�S+WSS ]\/ ,1`\y ]\/`*4dY1,*1baq Z1Ohb\ +\Wnj11E h1Y w\+\aZ\,*ZZ\1 \3S/*OZS1xD �+ ob\Y ]\y/1b `1hn , aW1/dpk1yab*bn1D

5:D �*V ,*a Y\31b 4*kSbSbn V`1]V*q ,1`*H5;D * hb\ ,m `1jSb1WnZ\ Z*ab`\1Zm S hb\Ym \+ad/SY , aW1/dpk1y ab*bn1H

��

� �˚�� )B5 �+4*g 58D �Y\b`Sb1 b*V31 ab*bnp w�a]mb*ZSqZ1 d-*aSWS Y\1y Z*/13/mx , w�`\+d/Sb1anIx \b66 *]`1Wq 6>>6 -\/*E , V\b\`\y `*aaV*4m,*1baqSab\`Sq �Z/`1q �*Z*V* S4 �W\,*VSSD

��) ,1`* P \h1Zn g1ZZ\1 V*h1ab,\D �Z* 1abn/*W1V\ Z1 d ,a1f Wp/1y L6 �1aD 7B6MD �/Z*V\ V*3/my aWd3SOb1Wn �\-* \+W*/*1b ,1`\yP , b\y Y1`1E , V*V\y 1-\ Z*/1WSW�\- L�SYD 56B7C �*WD 9B66MD �a1E d V\-\ 1abn ,1`*E /\W3Zm+mbn +W*-\/*`Zm 4* Z11 �\-dD6 �*j Z1+1aZmy �b1g ]`S,W1V*1b V a1+1 Wp/1y h1`14 �mOZ*D �\bE Vb\ ]`\q,Wq1b ,1`d , �Sada*E Y\31b ]\WdhSbn ]`\Ok1ZS1 -`1f\,D �* \aZ\,*ZSS ob\-\ h1W\,1V \+`1b*1b +WS4OVS1 \bZ\j1ZSq a �1-\,\yE S b*V*q /`d3+* Y\31b /WSbnaq,ap ,1hZ\abn L�\*ZD :B88E :9C �SYD :B67MD �*V*q ]`1V`*aZ*qZ*/13/*I �1d31WS Ymh1YOb\ 11 4*aWd3SWSH �a1 Wp/S -`1jOZm1E ]\ob\Yd 1/SZab,1ZZ\1E h1-\ Ym 4*aWd3S,*1YEP ob\aY1`bn L aD 5>7B5>MD �/Z*V\ �1-\,* d,S/1WE hb\ Ym Y\31Yab`1YSbnaq V /\+`dD `\q,S, Z14*aWd31ZZdp /\+`\bdE \Z

5D �*VSY /\W3Z\ +mbn Z*j1 \bZ\j1ZS1 V f`SabS*ZaV\y ,1`1H

6E 7D *M �*VS1 +W*-\aW\,1ZSq \3S/*pb b\-\E d V\-\ 1abn ,1`*H+M �*VS1 ,\]`\am Ym `*aaY\b`SYH

�`\q,Wqyb1 ,1`d, \+1k*ZSq �1-\,mw�1`* P ob\DDD \h1,S/Z\1 /\V*4*b1Wnab,\adk1ab,dpk1-\E f\bq S Z1,S/SY\-\x L˚��D 55B5MD

�˚��B 98E 569

�� % �% ��˚� � H

��

�*V ]`SY1` \q ]\V*4m,*1bEhb\ 4Z*hSb SY1bn ,1`dH

��

�*V Y\3Z\ ]`\q,Wqbn ,1`dH

��

�\h1Yd ,*3Zm S ,1`*E S WpO+\,nH

6:

��)��& 6>5: 6;

]\Y\- Z*Y ,a1Y a1`/g1Y ]`SZqbn +W*O-dp ,1abnD m ab*WS ,1`Sbn , �Sada* S\+`1WS Z*/13/d Z* ,1hZdp3S4ZnD L˛*OhSb*y 5 �\*ZZ* 8B=E 5>DM7 � ,a1 31 hb\ b*V\1 ,1`*H �,\/SbaqWS \Z* WSjn V \a\4Z*ZSp b\-\E V*VS1+W*-\aW\,1ZSq /Wq Z*a ]`S-\b\,SW�\-H � hb\ 1k1 +\W11 ,*3Z\E V*VSY\+`*4\Y Ym /\W3Zm ]`\q,Wqbn a,\p,1`dH

��)��)•�˚ �˚�� ˚� �˚�˙�˚8 �1`* P -\`*4/\ +\Wnj1E h1Y ]`\ab\]\ZSY*ZS1 Z*Y1`1ZSq �\-*D 'b\ Y\kOZ*q ,Zdb`1ZZqq aSW*E V\b\`*q ]\+d3O/*1b h1W\,1V* ]\abd]*bn , a\-W*aSS a,\W1y �\-*D ˚aWS h1W\,1V ,1`Sb , b\Ehb ‹\ �\- ]`1/\ab*,SW /Wq a]*a1ZSqE \ZZ1 aY\31b Z1 /1WSbnaq +W*-\y ,1abnpa /`d-SYSD ]\ab\W *,1W \+lqaZq1bBw˚aWS bm ,a1Z*`\/Z\ ,\4,1k*1jn ob\taW\,\E V\b\`\1 , b,\Sf dab*frE hb\ �SOada 1abn �\a]\/nE S , a,\1Y a1`/g1 ]`\Oq,Wq1jn ,1`dE hb\ �\- ,\aV`1aSW 1-\ S4Y1`b,mfE b\ a]*a1jnaqD �1`/g1Y ]`\Oq,Wqpb ,1`d V ]`*,1/Z\abSE * dab*YS,a1Z*`\/Z\ ,\4,1k*pb V\ a]*a1ZSpxL�SYD 5>B=E 5>C 6 �\`D 8B57MD9 ˚aWS Ym f\bSY ,1hZ\ 3Sbn , �\O3n1Y Z\,\Y YS`1E Z*YE +14daW\,Z\EZd3Z\ ]`\q,Wqbn ,1`d S a\f`*Zqbn 11D� ob\Y ,1`* ]\/\+Z* `*ab1ZSpE V\b\O`\Yd Z1\+f\/SY* ,\/*D � 3S,mY `*aOb1ZS1YE , \bWShS1 \b SaVdaab,1ZZ\-\E]\ab\qZZ\ ]`\Saf\/qb S4Y1Z1ZSqD `S]W\f\Y ]\WS,1 `*ab1ZS1 h*fZ1bE * 1aOWS 1-\ `1-dWq`Z\ ]\WS,*bnE \Z\ ab*Z\O,Sbaq V`1]VSY S V`*aS,mYD �14 ,\/m/*31 4/\`\,\1 `*ab1ZS1 +mab`\ 4*,qZ1bS ]\-S+Z1bD �1hb\ ]\/\+Z\1 Y\31b ]`\O

8D +lqaZSb1E ]\h1Yd ,1`* P ob\ +\Wnj1Eh1Y ]`\ab\ ]\ZSY*ZS1 h1-\OWS+\D9D �\h1Yd b*V ,*3Z\ SY1bn ,1`d S V*V 11 a\Of`*ZqbnH �`S,1/Sb1 ]`SY1`D

S4\ybS a Z*j1y ,1`\yD ˚aWS 11 Z1 dV`1]OWqbnE \Z* \aW*+11b S , V\Zg1 V\Zg\, SaOh14Z1b L�dVS 66B76C ˚,`D 7B56MD �\ 1aWSYm \ Z1y 4*+\bSYaqE \Z* +d/1b 3S,\y SV`1]V\yE * 4Z*hSbE Ym +d/1Y w4/`*,m ,,1`1x L6�1aD 5B7C �Sbd 6B6MD

� ��˚•��˚ ��˚˙˚�˚� ˚ �˚�%: �S+W1yaV\1 \]`1/1W1ZS1 ,1`m Y\3OZ\ Z*ybS , ˚,`1qY 55B5 L4*hSb*yMD�*V ,S/Z\E ,1`* b1aZ\ a,q4*Z* a /,dOYq *a]1Vb*YSD �\O]1`,mfE ob\ wb\E Z*hb\ Z*/1pbaqxE Z*]`SY1` a\+mbSqE V\Ob\`m1 /\W3Zm ]`\S4\ybS , +d/dk1YEb*VS1 V*V dZShb\31ZS1 4W* S dab*Z\,OW1ZS1 Z\,\-\ YS`*D �\O,b\`mfE ob\ wadOk1ab,dpk11E f\bq S Z1,S/SY\1xD � ob\YabSf1 -`1h1aV\1 aW\,\E ]1`1,1/1ZZ\1V*V w\h1,S/Z\1 /\V*4*b1Wnab,\xE \bOZ\aSbaq V /\V*4*b1Wnab,*Y adk1ab,\O,*ZSq b\-\E hb\ Z1,S/SY\EP �1-\,m�\-*E �Sada* �`Sab*E *Z-1W\,E Z1+1aOZ\-\ �*`ab,* L˚,`D 55B7MD �*V Ym Y\O31Y ]\V*4*bnE hb\ Z*j* Z*/13/* 3SO,*q S hb\ Ym ,1`SY , Z1,S/SY\1E \V\b\`\Y -\,\`Sbaq , �\3n1Y �W\,1H�,\SYS aW\,*YS S /1W*YSE +14 V\b\O`mf Z1,\4Y\3Z\ ]`1/ab*,Sbn Z*ab\qOkdp ,1`dD; � ˚,`1qY 55B; -\,\`Sbaq \ V`1]V\y,1`1 �\qE V\b\`my w]`\q,SW +\-\+\q4OZ1ZZ\abn S ]\ab`\SW V\,h1- /Wq a]*a1OZSq a,\Sf /\Y*jZSfxE wV\-/* +mW ]`1O/d]`13/1Z �\-\Y \ b\YEhb\ 1k1 Z1 +mW\,S/SY\xD \aV\WnVd d�\q +mW* ,1`*E \Z]\ab`\SW \-`\YZmy V\,h1-D \3Z\ Z1a\YZ1,*bnaqE hb\ \V`d3*pkS1 `*aa]`*OjS,*WS 1-\ \ b\YE 4*h1Y \Z ,\4,\/Sbb*V\1 -S-*ZbaV\1 a\\`d31ZS1D \31bE

:D � V*VSYS /,dYq *a]1Vb*YS a,q4*Z* ,1`*Ea\-W*aZ\ ˚,`1qY 55B5H;D �*V ]`SY1` \q ]\Y\-*1b Z*Y ]\ZqbnE hb\4Z*hSb SY1bn ,1`dH L�Y\b`Sb1 SWWpab`*gSp, Z*h*W1 ab*bnSDM

6< ��˝˚��) ��")

�\y Y\Wh*W , \b,1b SWS -\,\`SWEhb\ ob\ Z1 Sf /1W\H �\Z1hZ\E Z1bI �1O`* ]\+d3/*W* �\q aY1W\ ]`\]\,1/\O,*bn S ]`1/d]`13/*bn a\,`1Y1ZZSV\, \-`q/dk1Y ad/1 �\-*D �]\WZ1 ,1`\qbZ\E�\y ]1`1/*,*W Wp/qY aW\,* �1-\,mBw�\Z1g ,aqV\y ]W\bS ]`Sj1W ]1`1/\YZ\yE ]\b\Yd hb\ S4O4* ZSf 41YWq ]\WOZ* Z*aSWSqDDD ) 31 Z*,1/d Z* 41YWp ,\/OZmy ]\b\]E hb\+m Sab`1+Sbn S4O]\/ Z1O+1a ,ap]W\bnE , V\b\`\y 1abn aSW* 3S4OZSxD �*V31 �\yE Z1a\YZ1ZZ\E -\,\`SWWp/qYE hb\ 1abn WSjn \/SZ a]\a\+ a]*OabSan P ,\ybS , V\,h1-E V*V ]\,1W1W�\-D ˙*E �\y +mW w]`\]\,1/ZSV\Y ]`*O

,1/Z\abSx S obSY b\31 /\V*4*WE hb\ dZ1-\ 1abn ,1`* L�mbD :B57E 5;E 5<C 6 1bD6B9MD< �1`\qbZ\E ,aV\`1 ]\aW1 b\-\E V*V*]\ab\W *,1W ]\/ ,/\fZ\,1ZS1Y �\-*4*]Sa*W \]`1/1W1ZS1 ,1`mE +mW\ Z*]SOa*Z\ ]SanY\ �*V\,*D � *,1WE S �*V\,\+lqaZSWSE hb\ ]\/WSZZ*q f`SabS*ZOaV*q ,1`* ,m`*3*1baq , /1W*fD �*V\,Z*]Sa*WB w \V*3S YZ1 a,\p ,1`d +14/1WE * q ]\V*3d b1+1 a,\p ,1`d a,\SYS/1W*YSx L�*VD 6B5<MD ˛*b1Y \Z ]\/h1`O

<D �*V dh1ZSV �*V\, ]\/ ,/\fZ\,1ZS1Y a,mOj1 \+lqaZSWE hb\ ]\/`*4dY1,*1b ]\/ a\+\y]\/WSZZ*q f`SabS*ZaV*q ,1`*H

�`\q,Wqyb1 ,1`dE ]`\]\,1/dq +W*-dp ,1abn ]`S V*3/\y ,\4Y\3Z\abSL�Y\b`Sb1 *+4*g 56DM

��)��& 6>5: 6=

VZdWEhb\ ]`\ab\ ,1`SbnS ]`\q,Wqbn ,1O`d Z* /1W1 P ob\ `*4Zm1 ,1kSD ˙*31/1Y\Zm ,1`qb , b\E hb\ adk1ab,d1b �\-EZ\ Z*ab\qk1y ,1`m d ZSf Z1bD �\W11 b\O-\E \ZS ]mb*pbaq ]\Y1j*bn Sa]\WZ1OZSp Z*Y1`1ZSq �1-\,m L�*VD 6B5=E 6>MD�*V\, ]`\bS,\]\ab*,SW SY \/Z\-\ S4/`1,ZSf aWd3Sb1W1y �\-*E d V\b\`\-\+mW* V`1]V*q ,1`*B w�*4,1 Z1 Z* \aZ\O,*ZSS /1W +mW \+lq,W1Z ]`*,1/ZmYZ*j \b1g ,`**YE V\-/* ]\W\3SW Z*31`b,1ZZSV a,\1-\ amZ* �a**V*H �m,S/SjnE hb\ 1-\ ,1`* a\]`\,\3/*W*an/1W*YSE S /1W*YS 1-\ ,1`* da\,1`j1ZOab,\,*W*anxD \/,\/q Sb\-E �*V\, 1k1`*4 \+lqaZSWE hb\ ,1`d Zd3Z\ ]\V*4mO,*bn /1W*YSB w�*V b1W\ +14 /df* Y1`bO,\E b*V S ,1`* +14 /1W Y1`b,*x L�*VD6B65P67E 6:MD= �1`14 b`S/g*bn a WSjZSY W1b +mOW\ Z*]Sa*Z\ ˚,*Z-1WS1 \b �\*ZZ* Sb`S 1-\ ]SanY*D \ZSY*W WS *]\ab\W�\*ZZ 4Z*h1ZS1 Z*ab\qk1y f`SabS*ZOaV\y ,1`m b*V 31 f\`\j\E V*V S b1E Vb\`*Z11 ]Sa*W \ Z1y ]\/ ,/\fZ\,1ZS1Y�\-*H �1a\YZ1ZZ\E ,1/n �\*ZZ h*k1Eh1Y \ab*WnZm1E Sa]\Wn4\,*W -`1h1aVSy-W*-\WE V\b\`my SZ\-/* ]1`1,\/Sbaq,m`*31ZS1Y w]`\q,Wqbn ,1`dxD5> �*VE �\*ZZ ]Sa*WB w `\q,WqpkSy,1`d , �mZ* SY11b ,1hZdp 3S4ZnD Z1]\,SZdpkSyaq �mZd Z1 d,S/Sb 3S4ZSEZ\ Z* Z1Y P -Z1, �\-*x L�\*ZD 7B7:MD�`SabS*ZaV*q ,1`* ,VWph*1b , a1+q ]\OaWdj*ZS1 4*]\,1/qY�Sada*D �\*ZZ h*Oab\ ]`S,\/SW aW\,* �Sada*E S4 V\b\`mf,S/Z\E hb\ ,1`d Zd3Z\ ]`\q,Wqbn Z1O]`1ab*ZZ\ L�\*ZD 7B5:C :B6=E 8>C 55B69E6:C 58B5E 56MD55 �*V 31 ]`S4Z*b1WnZm Ym �1-\,1E

=E 5>D �*V *]\ab\W �\*ZZ ]\Y\-*1b Z*Y ]\OZqbnE ]\h1Yd ,*3Z\ ]`\q,Wqbn ,1`dH55D �*V Ym Y\31Y ,m`*4Sbn a,\p +W*-\/*ÒZ\abn �\-d 4* b\E hb\ 4Z*1Y SabSZdH

,1/n a ]\Y\knp a,\1-\ a,qb\-\ /df* \Z\bV`mW Z*Y SabSZd S /*W ,\4Y\3Z\abn]`\q,Wqbn ,1`d , +W*-dp ,1abnI L˛*hSOb*y dVS 5>B65DM �*3Z\ Z1 ]1`1ab*,*q+W*-\/*`Sbn �1-\,d 4* b\E hb\ \Z ]`SO,W1V Z*a V a1+1 h1`14 a,\1-\ �mZ*Ew `1/,\/Sb1Wq S �a\,1`jSb1Wq Z*j1y,1`mx L˚,`D 56B6MD �,\p +W*-\/*`Z\abn4* �\3np Z14*aWd31ZZdp /\+`\bd YmY\31Y ,m`*4Sbn b1YE hb\ +d/1Y S /*WnOj1 dV`1]Wqbn a,\p ,1`dE Y\Wqan �\-dS S4dh*q 1-\ �W\,\ L'eD :B5<C 5 1bD6B6MD56 �*Y Zd3Z\ ,a1-/* ]\V*4m,*bn a,\OSYS /1W*YSE hb\ Ym ,1`SY , \+1k*ZSq�1-\,mD ˚abn YZ\-\ a]\a\+\,E V*V ob\/1W*bnD �*]`SY1È Z1 ]1`1ab*,*q ]`\O]\,1/\,*bn \ �\3n1Y �*àb,1 S dh*Oab,\,*bn , /1W1 ]\/-\b\,VS dh1ZSV\,D�*V31 ,*3Z\ ab*`*bnaq w/1W*bn /\+`\,a1YE Z\ \a\+1ZZ\ a,\SY ]\ ,1`1x L�*WD:B5>MD � 1k1 Z1\+f\/SY\]`SW*-*bndaSOWSqE hb\+m aZqbn wab*`dp WShZ\abn a 11/1W*YSxE ,1/n Ym f\bSY S4+1-*bn ,a1-\Ehb\ Y\31b \aW*+Sbn Z*a /df\,Z\ L�\WD7B9E <P5>MD

�˚� � �� P ��& w�� )xE��˚ �% ˛��˙%�˚�

57 � �S+WSS -\,\`SbaqB w�14 ,1`md-\/Sbn �\-d Z1,\4Y\3Z\E ]\b\Yd hb\]`S+WS3*pkSyaq V �\-d /\W31Z ,1O`SbnE hb\ \Z 1abn S hb\ \Z ,\4Z*-`*3/*O1b b1fE Vb\ Z*ab\yhS,\ Sk1b 1-\x L˚,`D55B:MD �*V ,S/Z\ S4 �\3n1-\ �W\,*E w,1O`* , �\-*x P ob\ \/SZ S4 VS`]ShSV\,w\aZ\,*ZSqxE V\b\`\1 Zd3Z\ 4*W\3Sbnb\YdE Vb\ f\h1b ab*bn SabSZZmY f`SabSO*ZSZ\Y S \ab*,*bnaq SY L˚,`D :B5MD �/OZ*V\E ab`\q Z* ob\Y \aZ\,*ZSSE f`SabSO*ZSZ /\W31Z /\]\WZqbn ,1`d /`d-SYS

56D �*V Y\3Z\ ]`\q,Wqbn ,1`dH57D *aV\WnV\ ,*3Z* ,1`* , �\-*E a h1Y 11Y\3Z\ a`*,ZSbn S ]\h1YdH

7> ��˝˚��) ��")

,*3ZmYS V*h1ab,*YSE hb\+m a\f`*Zqbna1+q , �\3n1y Wp+,SD L˛*hSb*y 6 �1bO`* 5B9P;C �d/m 6>E 65DM58 ˝1W*q ]\/h1`VZdbn ,*3Z\abn ,1`mEb1E Vb\ dh*ab,\,*W , Z*]Sa*ZSS �`SabSO*ZaVSf �`1h1aVSf Sa*ZSyE d]\YSZ*WS\ Z1y a\bZS `*4D �S \+ \/Z\Y /`d-\Yf`SabS*ZaV\Y V*h1ab,1 Z1 -\,\`Sbaq ,�S+WSS b*V h*ab\D �4Z*h*1b WS ob\E hb\,1`* P a*Y\1 -W*,Z\1 f`SabS*ZaV\1 V*Oh1ab,\H59 �\,\`q \ ,1`1 S Wp+,SE *,1W ]SOa*WB w˚aWS SY1p ,ap ,1`dE hb\+m ]1`1Oab*,Wqbn -\`mE Z\ Z1 SY1p Wp+,SE b\q P ZShb\x L5 �\`D 57B6MD �\-/* �Sadad4*/*WS ,\]`\a w�*V*q 4*]\,1/n , ˛*V\OZ1 a*Y*q ,*3Z*qHxE \Z qaZ\ ]\V*4*WEhb\ Z*S,*3Z1yj11 V*h1ab,\ P ob\ WpO+\,n V �\-d L*beD 66B79P8>MD Z\O-S1 f`SabS*ZaVS1 V*h1ab,*E a`1/S V\b\O`mf ,1`*EP ob\ `*4WShZm1 -`*ZS Wp+O,SD � �S+WSS -\,\`SbaqE hb\ wWp+\,nDDD,a1Yd ,1`SbxD �Z* ,1`Sb b\YdE hb ‹\ �\-aV*4*W , a,\1Y �W\,1 SabSZm L5 �\`D57B8E ;MD5: \aV\WnVd ,1`* S Wp+\,n b*V ,*3OZmE , �`SabS*ZaVSf �`1h1aVSf Sa*ZSOqf obS V*h1ab,* h*ab\ d]\YSZ*pbaq ,Y1Oab1E Z1`1/V\ , \/Z\Y ]`1/W\31ZSSD �*VE *,1W ]`S4m,*W a,\Sf +`*bn1, wZ\aSbnZ*-`d/ZSV ,1`m S Wp+,Sx L5 �1aD 9B<MD 1b` ]Sa*WB w�\bq ,m ZSV\-/* 1-\ ��SOada*� Z1 ,S/1WSE ,m Wp+Sb1 1-\D �1 ,S/q1-\ S b1]1`nE ,m ]`\q,Wq1b1 ,1`d , Z1-\xL5 1bD 5B<MD �*V\, a]`*jS,*W ]\Y*4*ZOZmf +`*bn1,B w�*4,1 �\- Z1 S4+`*W b1fEVb\ +1/1Z , -W*4*f YS`*E hb\+m \ZS +mOWS +\-*bm , ,1`1 S ab*WS Z*aW1/ZSV*YSg*àb,*E V\b\`\1 \Z \+1k*W Wp+qkSY

58E 59D �b\ Y\3Z\ aV*4*bn \ ,1`1E 1aWSa`*,ZS,*bn 11 a Wp+\,npH5:E 5;D �`S,1/Sb1 ]`SY1`m b\-\E V*V , �S+OWSS ,1`* S Wp+\,n d]\YSZ*pbaq ,Y1ab1D �*OV\1 S4 obSf V*h1ab, ,*3Z11 S ]\h1YdH

1-\Hx L�*VD 6B9MD �\*ZZ ]Sa*WB w�\b 1-\��\-*� 4*]\,1/nB Ym /\W3Zm ,1`Sbn ,SYq 1-\ �mZ* �Sada* �`Sab* S Wp+Sbn/`d- /`d-*x L5 �\*ZD 7B67MD5; �1`* \h1Zn ,*3Z*E Z\E V\-/* Ym d,SO/SYE V*Va+mW*anZ*j* f`SabS*ZaV*q Z*O/13/* S Sa]\WZSWSan �\3nS \+1k*ZSqE,1`* , ZSf d31 Z1 +d/1b Zd3Z*D �/Z*V\Ym +d/1Y S /*Wnj1 ]`\q,Wqbn Wp+\,n V�\-d S V Z*jSY +WS3ZSYD �\b ]\h1Yd *,1W Z*]Sa*WB w�1]1`n 31 ]`1+m,*pb,1`*E Z*/13/*E Wp+\,n P obS b`SE Z\Z*S+\Wnj*q S4 ZSf P Wp+\,nx L5 �\`D57B57MD

˚�� )˚��"� �˚��

5< �1-\/Zq �\3nS aWd3Sb1WS ]`\q,OWqpb ,1`d , dab*Z\,W1ZZ\1 �\-\Y �*Òab,\D �W*-\/*`q ob\Yd d31 +\W11 ,\anOYS YSWWS\Z\, h1W\,1V S4 a*Ymf `*4OZmf ab`*Z 3S,db , /df\,Z\Y `*pE ,V\b\`\Y ,a1 ab*`*pbaq `*4,S,*bn V*h1Oab,*E a\ab*,WqpkS1 ]W\/ �\3n1-\ a,qOb\-\ /df* L�*WD 9B66E 67MD �*VSY d/S,SOb1WnZmY \+`*4\Y �1-\,* +W*-\aW\,SWZ*jd f`SabS*ZaVdp ,1`d S Wp+\,nI5= �p/S Z1 Y\-db /\abShn b*V\-\ a,\OSYS aSW*YSD 'b\ hd/\ a\,1`jSW Z*j�\- �1-\,*D �Z\ ]`SZ\aSb �1-\,1 aW*O,d S w+d/1b Z1Sab`1+SYmY 4Z*Y1ZS1YZ* ,1V*x L�aD 99B57MD \SabSZ1E b\E hb\Ym wa]*a1Zm h1`14 ,1`dxEP ob\ w/*`�\-*x L'eD 6B<MD �`*ZSgm Z*j1-\ /dOf\,Z\-\ `*q +d/db `*ajS`qbnaq S \fO,*bqb ,ap 41YWpE Z* V\b\`\y a\,1Òj1ZZm1E ]`*,1/Zm1 S ah*abWS,m1 Wp/S+d/db ,1hZ\ ,\af,*Wqbn SYq �1-\,mD˙*,*yb1 S /*Wnj1 ]`\q,Wqbn ,1`d ,\+1k*ZSq �1-\,mI

5<E 5=D �*V\1 hd/\ ab*W\ ,\4Y\3ZmY +W*-\O/*`q ,1`1E V\b\`dp ]`\q,Wq1b �\3Sy Z*`\/ES Vb\ 1-\ a\,1`jSWH

� �˚�� ,1V1 �d/1q Z*f\/SW*an ]\/ -\a]\/ab,\Y�SY*D Z Z*4Z*h*W ]`\Vd`*b\`*E , `*a]\`q31ZSSV\b\`\-\ +mWS ,\yaV*D ˚-\ \aZ\,Z\y 4*/*h1y +mWa+\` Z*W\-\,E V\b\`m1 jWS , `SYaVdp V*4ZdE * b*VO31 ]\//1`3*ZS1 YS`* S ]\`q/V*D �SYWqZ1 +mWS 4*OSZb1`1a\,*Zm , b\YE hb\+m ]`1a1V*bn SWS ]\/*,OWqbn Yqb13Zm1 Z*ab`\1ZSqE * b*V31 ]`S,W1V*bn V\b,1bab,1ZZ\abS Wp+\-\E Vb\ Y\- ,m4,*bn +1a]\O`q/VSD � g1W\Y 31 \ZS ]\4,\WqWSE hb\+m Z1]\a`1/Oab,1ZZ\1 d]`*,W1ZS1 �d/11y \adk1ab,WqW* Y1abOZ*q ,W*abnD� �d/11 Z*f\/SWaq �SZ1/`S\Z P Sd/1yaVSy ,1`O

f\,Zmy ad/ S a\,1b 4*V\Z\dhSb1W1yD �`\Y1 b\-\E ,Z1y /1yab,\,*WS ad/m ZS4j1y SZab*ZgSSD 'bS adO/mE ,1`\qbZ11 ,a1-\E `*aaY*b`S,*WS -`*3/*ZaVS1 Sd-\W\,Zm1 /1W* +14 ,Y1j*b1Wnab,* a\ ab\`\Zm �SO

Y*D/Z*V\ Sd/1yaVS1 ad/m Z1 Y\-WS ]`S,\/Sbn , SaO]\WZ1ZS1 aY1`bZm1 ]`S-\,\`mD 'b\ ]`*,\ `SYWqOZ1 \ab*,WqWS 4* a\+\yD �aVWph1ZS1Y ab*W f\`\j\S4,1abZmy aWdh*yE V\-/* ]\ `1j1ZSp �SZ1/`S\Z*�b1e*Z* ]\+SWS V*YZqYS L˙1qZD :B<P59C ;B98P:>MD�b*VE Sd/1yaVSy �SZ1/`S\Z \+W*/*W \-`\YZmO

YS ]\WZ\Y\hSqYSD � ,a1 31E V*V \bY1h*1b Sab\`SV'YSWn "p`1`E wa*Y\1 4Z*hSb1WnZ\1 Sf \-`*ZSOh1ZS1 4*VWph*W\an , aW1/dpk1YB `SYaVS1 ,W*abSY\-WS , Wp+\1 ,`1Yq ,Y1j*bnaq S a*YS `*aaY\bO`1bn V*V\1OWS+\ /1W\E hb\ \ZS S /1W*WSE 1aWS ,\4OZSV*W\ ]\/\4`1ZS1E +d/b\ \Z\ SY1W\ ]\WSbSh1aVdp]\/\]W1VdxD �`SY1` b\Yd P aWdh*yE V\-/* 4* *]\aOb\W* �*,W*E `SYaV\-\ -`*3/*ZSZ*E ,abd]SWaq ,\1OZ*h*WnZSV �W*,/Sy �SaSyE V\b\`my ,4qW 1-\ ]\/ab`*3d L˙1qZD 67B6:P7>MD

˛�˚�˚ � �%H

�*VSYS ]\WZ\Y\hSqYS Z*/1WSW �SYSd/1yaVS1 ,W*abS , ]1`,\Y ,1V1H

˛*a1/*ZS1�SZ1/`S\Z*

75

w1

6.1

0-U

16

06

15s

�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

� ��˚) 57B68P6: ]`S,\/qbaq aW\,* �Sada*B w1+1aZ\1g*àb,\ ]\/\+Z\ h1W\,1VdE ]\a1q,j1Yd Z* a,\1Y ]\W1 f\`\OjS1 a1Y1Z*D \E ]\V* Wp/S a]*WSE ]`Sj1W 1-\ ,`*-E ]\a1qWa`1/S ]j1ZSgm a\`ZqVS S dj1WD �\-/* 31 ]\V*4*WSan ,af\/mS ]`SZ1aWS ]W\/mE b\-/* ]\q,SWSan S a\`ZqVSxD 1V\b\`m1*,b\`m ab*,qb ]\/ a\YZ1ZS1 b\E hb\ Z1hb\ ]\/\+Z\1 Y\-W\]`\S4\ybSE \/Z*V\E ad/q ]\ `SYaVSY p`S/Sh1aVSY /\VdY1ZOb*YE /\j1/jSY /\ Z*jSf /Z1yE ob\ +mW\ ,]\WZ1 ,\4Y\3Z\D�\b hb\ \bY1h*1baq , \/Z\Y +S+W1yaV\Y aW\,*`1B w�\bE Vb\

S4 Y1abS a1qW Z* hd3\Y ]\W1 ]W1,1WmDDD a\-W*aZ\ `SYaV\OYd ]`*,dE a\,1`j*W ]`1abd]W1ZS1D �*Y\ adk1ab,\,*ZS1 b*OV\-\ 4*V\Z* ]\V*4m,*1bE hb\ ]\/\+Z\1 ]`\Saf\/SW\ Z1b*V d3 `1/V\xD �h1Zmy , \+W*abS ]`*,* �W*abo` �1`` \+lOqaZq1bE hb\ , 977 -\/d ZD oD `SYaVSy SY]1`*b\` (abSZS*Z\]d+WSV\,*W ˙S-1abm P a,\/ `SYaV\-\ ]`*,* S ,m/1`3VS S4a\hSZ1ZSy VW*aaSh1aVSf p`Sab\, L]`SY1`Z\ 5>>P69> -\/mZD oDMD � ob\Y b`d/1 \/SZ S4 p`Sab\,E �Wn]S*ZE d]\YSZ*1b/1W\E V\b\`\1 `*aaY*b`S,*W `SYaVSy -\ad/*àb,1ZZmy /1qOb1Wn �1Wna L˙S-1abmE =D6D6;D58MD * hd3\Y ]\W1 +mWS ]\a1qOZm a\`ZqVSE S d`\3*y ]\-S+D � ˙S-1ab*f \bY1h*1baqE hb\ f\O4qSZ SWS e1`Y1Ò*`1Z/*b\` Y\- 4*V\ZZmY a]\a\+\Y ]\WdOhSbn V\Y]1Za*gSp \b 4W\dYmjW1ZZSV* 4* Z*Z1a1ZZmy 1Yddk1`+D�\b e*VbE hb\ ]\/\+Zm1 4W\/1qZSq a\,1`j*WSan Z* b1``SO

b\`SS �SYaV\y SY]1`SSE ]\V*4m,*1bE hb\ aSbd*gSqE V\b\`dp\]Sa*W �SadaE +mW* ,]\WZ1 `1*WnZ\yD

˛�˚�˚ � �%H

˙1yab,Sb1WnZ\ WS , /`1,Z\abS Vb\Ob\ Y\- ]\a1qbnZ* hd3\Y ]\W1 a\`ZqVSH

˙*bS`d1Y*q 58:< -\/\Y ZD oD V\]Sq˙S-1ab\, SY]1`*b\`* (abSZS*Z*D� ob\Y b`d/1E V*V S ,\ YZ\-Sf/`1,ZSf /\VdY1Zb*fE ]\/`\+Z\\]Sam,*pbaq ]`*,\,m1 a]\`m

Libraryo

fCon

gress,

LC-U

SZ62

-653

81

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) ОКТЯБРЬ 2016

Documents