Electrochemical and molecular characterization of electroactive on stainless steel in marine environment Florian Trigodet

To cite this version:

Florian Trigodet. Electrochemical and molecular characterization of electroactive biofilms on stainless steel in marine environment. and Parasitology. Université de Bretagne occidentale - Brest, 2019. English. ￿NNT : 2019BRES0029￿. ￿tel-02307295￿

HAL Id: tel-02307295 https://tel.archives-ouvertes.fr/tel-02307295 Submitted on 7 Oct 2019

HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. @74?4%34%3<2@<>0@%34 % %

% 9,A;8B4>?8@4 %% 34 %1>4@06;4 %<22834;@094 % 2<:A4% A;8B4>?8@4% 1>4@06;4% 9<8>4 %

42<94% 3<2@<>094%; f%*.- %% !$(&*$&-'%&')"' &,'&.'%/')(..+,") '% ?TaGMEPMXa%/% ($,+#(+)+'(& !

=EV% *EHKDMUKDLMKH>CDFDJN@!@M!FHEU>NEMKH<>MDAL!LNK!<>D@K!DGHQR?<=E@!@G!FDED@N!FC@K>C@!$! 9EFSVEXSMVI%HI%:MGVSFMSPSKMI%HIW%4RZMVSRRIQIRXW%4\XVcQIW% A:>%+'.,!%IX%8RWXMXYX%HI%PE% 2SVVSWMSR%

5@!$ % 'HFIHLDMDHG!?N!.NKR!$! % % % 6IWIEVGL%1MSPSKMWX"%;EZEP% 6IWIEVGL%1MSPSKMWX"%;EZEP%>IWIEVGL% >IWIEVGL%9EFSVEXSV]"%CEWLMRKXSR%32 % >ETTSVXIYV%% % 9EFSVEXSV]"%CEWLMRKXSR%32 % 5UBDG@!&%66)+8: % %%%%%%%3MVIGXVMGI%HI%>IGLIVGLI%2;>?"% 5UBDG@!&%66)+8: % 3MVIGXVMGI%HI%>IGLIVGLI%2;>?"% %ARMZIVWMXa%HI%@SYPSYWI%888% % >ETTSVXIYV% % ARMZIVWMXa%HI%@SYPSYWI%888%%

'CIRRIW%8% =VaWMHIRX%HY%NYV]% 1HC

! !

! )))! 2$-$2!)$-$.43 !

)Q!?USbKCS]!;b;S]!]U^]!BC![CRC[?KC[!Q|9ICS?C!.;]KUS;Q!BC!Q;!2C?JC[?JC!C]!BC!Q;!4C?JSUQUIKC!C]!Q|)S\]K]^]! BC!Q;!!U[[U\KUS!Z^K!?UHKS;S?CS]!?C!Y[UOC]!BC!]JD\Cv!;KS\K!Z^C!#URKSKZ^C!4JKC[[e!C]!-UJ;RCB!*C>>;[!YU^[! QC^[!;??^CKQ\![C\YC?]KH\!;^!\CKS!BC!Q|)S\]K]^]!BC!Q;! !U[[U\KUS! C]! B^! ,;>U[;]UK[C! BC! -K?[U>KUQUIKC! BC\! $SbK[USSCRCS]!$d][FRC\!á5-2!óíöòày!!

*C![CRC[?KC!Q|CS\CR>QC!BC\!RCR>[C\!BC!RUS!O^[e!BC!]JD\C!C]!BC!RC!H;K[C!Q|JUSSC^[!B|Eb;Q^C[!?C!][;b;KQ! C]!Q|KS]E[F]!Z^|KQ\!US]!R;SKHC\]E\![C\!BC!RUS!?URK]E!BC!\^KbK!BC! ?C]]C!]JD\Cv!+U[SCCQ!2;>;Ce!C]! ESEBK?]C!-CSCfy!-C[?K!YU^[!bU][C!E?U^]C!C]!bU\!?US\CKQ\!YCSB;S]!?C\! ][UK\!;S\y!

0Q^\!Z^C!BC\![CRC[?KCRCS]\v!OC!]KCS\!KUQUIK\]C! B;S\! QC! RUSBC! BC! Q;! ?U[[U\KUS! C]! BC! \C\! SUR>[C^\C\!\^>]KQK]E\v!YU^[!SU\!BK\?^\\KUS\!C]!YU^[!]US!\U^]KCS!Z^K!R|US]!YC[RK\!B|;b;S?C[!B;S\!^S! BUR;KSC!\?KCS]KHKZ^C!Z^K!R|E];K]!KS?USS^!;b;S]!QC!BE>^]!BC!?C!Y[UOC]y!-C[?K!KCSSC!C]!BC!R|;bUK[!;KBE!KUQUIKC!B;S\!QC\! [C][;S?JCRCS]\!BC!Q;!>KUKSHU[R;]KZ^C\y!.U\!BK\?^\\KUS\v!]US!CS?;B[CRCS]v!C]!QC\!UYYU[]^SK]E\!Z^C!]^! R|;\!UHHC[]C\!\US]!Y[E?KC^d!YU^[!RUK!C]!YU^[!Q;! \^K]C!BC!R;!bKC!Y[UHC\\KUSSCQQCy!*C!bU^\!\U^J;K]C!QC! RCKQQC^[!C]!O|C\YD[C!bU^\![C?[UK\C[!\K!Q|UYYU[]^SK]E!Y[UHC\\KUSSCQQCv!U^!;^][Cv!\C!Y[E\CS]Cy!!

*C![CRC[?KC!]U^]C\!QC\!YC[\USSC\!Z^C!O|;K!?USS^C\!E]KZ^Cv! Y;[?C! Z^C! Y;\! BC! O;QU^dà!x! 9B[KCSv! 9SB[CKv! 9SSCv! !J;[QC\!á?C!Z^K!\C!Y;\\C!U[;Jv!$[c;Sv!$]KCSSCv!&;>KCSSCv!&Q;bKCSv!&[;SAUK\v!&[CBv!'CUHH[Cev!'JK\Q;KSCv!(EQDSCv!+[e\]CQQCv!*C;SÉ -K?JCQv!*U\K;SCv!-K?JCQv!0;\?;Qv!3;>[KS;v!6;SC\\;y!-C[?K!YU^[!]U^\!QC\!?US\CKQ\v!bU][C!;KBC!áKSBK\YCS\;>QC! ;^!RK?[U>KUQUIK\]C!uàv!bU][C!>USSC!J^RC^[v!C]!bKbC!QC\!C\?;YCÉI;RC\!u!

)6! ! !

-C[?K!;^!,-ì$!C]!-UJ;RCB!*C>>;[!YU^[!R|;bUK[!;??^CKQQK!B;S\!QC!Q;>U[;]UK[C!BCY^K\!ìëíïy!-C[?K!US! HUS?]KUSSCRCS]! BC! ]U^]!x! 3]EYJ;SKCy!5S!OU^[!O|;^[;K!QC!B[UK]!KUQUIKC!RUQE?^Q;K[Cv!C]!U[;]UK[C!KSBK\YCS\;>QC! ?C]]C!;SSECy!!

-C[?K!;^d!SUR>[C^d!BU?]U[;S]\!Z^C!O|;K!?USS^\y!,C\!;S?KCS\!x!Q;!QEICSBC!-;]]JKC^!á;?]^CQ!BE]CS]C^[!B^! [C?U[B!B^!RUSBC!BC!?J;R>U^QC!]U^]!\^[!?;SSC]]C!BC!!U?;àv!!U[;QKSCv!3KRUSv!!J;[QDSCv!-EQ;SKCv!#;RKCS! YU^[!\;!ICCPC[KC!C]!\;!?;Y;?K]E!USSC!J^RC^[y!9!Q;!RCKQQC^[C!Y[URUv!Z^|KQ\!\UKCS]!;^!Q;>U!U^!;KQQC^[\x!!;[U! áC]!\US!?KB[Càv!9;SI!áC]!\US!&[;S?K\àv!;\]KCS!áC]!\US! [C\]à!C]!!Q;[K\\C!áC]!\US!?KB[C!z!SU[R;SBàv! *U[B;S!áC]!\US!?J;[RCàv!,K\;!áC]!\US!bEI;SK\RCàv!9^[EQKCS!áC]!\C\!?;KQQU^dày!9^d!YC]K]\!SU^bC;^d!áY;\!\K! SU^bC;^dà! x! Q;SBKSCv! 3;[;Jv! -;[?v! -;[KUSv! -;dKRCv! *KCv!9\JQCey!9!]U^\!QC\!\];IK;K[C\!Z^K!SU^\!US]! ;??URY;ISE!YCSB;S]!?C!bUe;IC!u!!

-C[?K!;]][C!?US][C! ^SC!]CRYF]C!C]!BC!Q;![U^KQQC!Y;[]U^]y!-C[?K!QC!QC!cU[P\JUY!$ 9-$!C]! ]U^\! ?C^d! Z^C! O|;K! [CS?US][E! YCSB;S]! ?C\! \CR;KSC\! KS]CS\C\v! BC! J;^]C! bUQ]KIC! RE];IESURKZ^Cy! *C! [CbKCSB[;K!BD\!Z^C!O|CS!;^[;K!Q|UYYU[]^SK]Ey!-C[?K!;^!!U\RUS;^]C!C]!\US!EZ^KYC!YU^[!QC^[!;??^CKQy!!

-C[?K!

$SHKS!RC[?K!QC!\;S\!]UKy!

! !

! 6! 49 ,$!/&!!/.4$.43 !

!,+1/' 21',+)0!'#+1'$'.2#)88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888)5'5!

'+1/,"2!1',+)88888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888);! cV ! #FFG:D=E=FL+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+d !

íyíy! 3];KSQC\\!\]CCQ!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ì!

íyíyíy! !URYU\K]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ì!

íyíyìy! 0;\\Kb;]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ï!

íyìy! 2CBUd![C;?]KUS\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ï!

íyîy! )S?[C;\C!UH!YU]CS]K;Q!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ó!

íyïy! 2K\P\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ô!

íyñy! !;^\C\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íë!

íyñyíy! 4JC[RUBeS;RK?!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íë!

íyñyìy! +KSC]K?\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íí!

íyñyìyíy! !;]JUBK?!BCYUQ;[Kf;]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íì!

íyñyìyìy! 9SUBK?!BCYUQ;[Kf;]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íî!

íyñyîy! 9Q]C[;]KUS!UH!]JC![CB^?]KUS![C;?]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íñ!

íyñyîyíy! (eB[UICS!YC[UdKBC!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íñ!

íyñyîyìy! -;SI;SC\C!UdKBC!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íô!

6)! ! !

íyóy! 4CRYC[;]^[C!CHHC?]!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íö!

íyòy! /deICS!CHHC?]yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ìë! dV ! #D=;LJG9;LBN=+:9;L=JB9+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+dd !

ìyíy! $QC?][URK?[U>KUQUIe!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ìì!

ìyìy! $QC?][UICSK?!>;?]C[K;!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ìî!

ìyîy! $QC?][U][UYJK?!>;?]C[K;!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ìñ!

ìyîyíy! /deICS![CB^?KSI!CQC?][U][UYJ!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ìó!

ìyîyìy! } !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;~!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ìô! eV ! #;G\@=FGEB;+9HHJG9;A+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+ed !

îyíy! 3CZ^CS?KSI!KS!RK?[U>KUQUIe!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îì!

îyìy! 9RYQK?US!>;\CB!\CZ^CS?KSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îï!

îyìyíy! (K\]U[e!UH!R;[PC[!ICSC\yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îï!

îyìyìy! 4JC!?Q^\]C[KSI!?J;QQCSIC!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îó!

îyìyîy! (KIJ![C\UQ^]KUS!RC]JUB\!HU[!;RYQK?US!;S;Qe\K\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îó!

îyìyïy! ,KRK];]KUS\!;SB!>K;\C\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îò!

îyìyïyíy! 0;[]K;Q!ICSC!\CZ^CS?KSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îò!

îyìyïyìy! !JKRC[;!HU[R;]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îò!

îyìyïyîy! ,;?P!UH!^SKHeKSI!];dUSURK?!H[;RCcU[P!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îò!

! 6))! îyîy! 7JUQC!ICSURC!\CZ^CS?KSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îô!

îyîyíy! 0[KS?KYQC!;SB![CQCb;S?Cyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îô!

îyîyìy! 9\\CR>Qe!;SB!>KSSKSI!?J;QQCSIC!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îô!

îyîyîy! ,KRK];]KUS\!;SB!>K;\C\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îö!

,3#/3'#40)4+"), (#!1'3#0888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888)>;!

!&4-1#/)'7)'+$)2#+!#),$)0#4441#/)1#*-#/412/#)8888888888888888888888888888888888888888888888888888888888888888888888888)>?! cV ! 0>KME>+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+fi ! dV ! =:KLJ9;L+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+fj ! eV ! (FLJG

ïyíy! -;]C[K;Q\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñì!

ïyìy! $dYC[KRCS];Q!\C]É^Y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñì!

ïyîy! /!0!RC;\^[CRCS]\!;SB!?;]JUBK?!YUQ;[Kf;]KUS!?^[bC\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñì!

ïyïy! 3$-!KR;IKSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñî!

ïyñy! 3^[H;?C!?CQQ!?UQQC?]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñî!

ïyóy! #.9!Cd][;?]KUS!;SB!\CZ^CS?KSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñï!

ïyòy! KUKSHU[R;]K?\!;S;Qe\K\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñï! gV ! 0=KMDLK+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+gg !

6))) !! !

ñyíy! 0U]CS]K;Q!CSSU>QCRCS]!US!\];KSQC\\!\]CCQ!;SB!?;]JUBK?!YUQ;[Kf;]KUS!?^[bC\!yyyyyyyyyyyyyyyyyyyyyyyyy!ññ!

ñyìy! 3$-!U>\C[b;]KUS\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñò!

ñyîy! 3];KSQC\\!\]CCQ!>;?]C[K;Q!?URR^SK]e!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñô! hV ! "BK;MKKBGF+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+hc ! iV ! !GF;DMKBGFK+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+hf !

!&4-1#/)''7)'+$)2#+!#),$)"'00,)3#"),56%#+)!,+1#+18888888888888888888888888888888888888888888888888888888888888888888)@?! cV ! 0>KME>+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+hi ! dV ! =:KLJ9;L+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+hj ! eV ! (FLJG

XPUP ! -;]C[K;Q\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òí!

XPVP ! /YCSÉ?K[?^K]!YU]CS]K;Q!;SB!![CbK?C!?U[[U\KUS!]C\]KSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òì!

ïyîy! ;?]C[K;Q!#.9!?UQQC?]KUS!;SB!\CZ^CS?KSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òï!

ïyïy! KUKSHU[R;]K?!;S;Qe\K\!UH!]JC!#.9!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òñ!

ïyñy! 3$-!KR;IKSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òó! gV ! 0=KMDLK+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+ii !

YPUP ! /YCSÉ?K[?^K]!YU]CS]K;Q!;SB!![CbK?C!?U[[U\KUS!]C\]KSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òò!

ñyìy! -K?[U>KUQUIK?;Q!;S;Qe\C\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òö!

! )8! hV ! "BK;MKKBGF+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+jf ! iV ! !GF;DMKBGFK+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+jg !

!&4-1#/)'''7)*#14%#+,*'!)#3'"#+!#),$)#)#!1/,1/,-&'!) 4!1#/'4)888888888888888888888888888888888888888888888)BA! cV ! 0>KME>+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+jk ! dV ! =:KLJ9;L+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+kb ! eV ! (FLJG

ïyíy! -;]C[K;Q!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öî!

ïyìy! $dYC[KRCS];Q!\C]É^Y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öî!

ïyîy! !CQQ!?UQQC?]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öï!

ïyïy! #.9!Cd][;?]KUSv!RC];ICSURK?!QK>[;[e!Y[CY;[;]KUS!;SB!\CZ^CS?KSI!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öñ!

ïyñy! 9\\CR>Qev!>KSSKSI!;SB!H^S?]KUS;Q!;SSU];]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öñ! gV ! 0=KMDLK+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV+ki !

ñyíy! /!0!;SB!YU]CS]K;Q!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öò!

ñyìy! -C];ICSURC!;SB!-9'ÜòöÜí!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öô!

ñyîy! !URY;[;]KbC!ICSURK?!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëì!

ñyïy! &^S?]KUS;Q!;SSU];]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëî!

ñyïyíy! $QC?][US!][;S\HC[!\e\]CR\!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëî!

8! ! !

ñyïyìy! !;[>US!HKd;]KUS!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëï!

ñyïyîy! /]JC[!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëï!

ñyñy! !URY;[K\US!cK]J!U]JC[!CQC?][U;?]KbC!>;?]C[K;!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëó! hV ! "BK;MKKBGF+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVcbi !

óyíy! $QC?][U;?]KbC!>;?]C[K;!;SB!CSSU>QCRCS]yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëò!

óyìy! !URY;[K\US!UH!-9'ÜòöÜí!cK]J!{ !6P !4CSBC[K;!CQC?][UYJ;I;|!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëô!

óyîy! )[US!UdKBKfKSI!>;?]C[K;!;SB!CSSU>QCRCS]!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyííë! iV ! !GF;DMKBGFK+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVccb!

"'0!200',+)4+")-#/0-#!1'3#0)888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888;;;! cV ! #PHDGJ=+F=O+=FNBJGFE=FLK+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVccd !

íyíy! &U[!]JC!CSSU>QCRCS]!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyííì!

íyìy! $SbK[USRCS];Q!U??^[[CS?C!UH!{ !6P !4CSBC[K;!CQC?][UYJ;I;|!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyííï! dV ! !GF?BJE+LA=+JGD=+G?+=D=;LJGLJGHAB;+:9;L=JB9+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVcck ! eV ! -LA=J+=FNBJGFE=FL9D+?9;LGJK+BF?DM=F;BF@+LA=+=FFG:D=E=FL+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVcck ! fV ! 'Q

!,+!)20',+0)8888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888;

.=JKGF9D+H=JKH=;LBN=K+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVcdi !

.=JKH=;LBN=K+H=JKGFF=DD=K+VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVcdk !

! 8)! /#$#/#+!#08888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888888;=;!

!! + +

8))! ! !

,)34!/&!&)'52$3 ! !

&)'52$! íy !$89-0,$!/&!9.! $69. |3!#)9'29-!&/2!4($!/8)#94)/.!/&! :.!9.#!4($!2$#5!4)/.!/&! (¶y!yyyyyyyyyyyyyyyyyyyyyyyyyyyy!ó!

&)'52$! ìy !3!($-94)!!3()&4!/&!0/4$.4)9,!7)4(!$80/352$!4)-$!).!.94529,!9.#!34$2),$!3$9!794$2! á# )!+).3/.!9.#!

,$79.#/73+) v!íööôày!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ò!

&)'52$! îy !3!($-94)!!0/,92):94)/.!!526$!&/2!349).,$33!34$$, y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ö!

&)'52$! ïy !3!($-94)!!0/,92):94)/.!!526$!&/2!349).,$33!34$$, y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íí!

&)'52$! ñy !3!($-94)!!0/,92):94)/.!!526$!&/2!349).,$33!34$$, y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íì!

&)'52$! óy !3!($-94)!!0/,92):94)/.!!526$!&/2!349).,$33!34$$, y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íï!

&)'52$! òy !$6/,54)/.!/&!349).,$33!34$$,!0/4$.4)9,!93!&5.!4)/.!/&!)--$23)/.!4)-$ y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íò!

&)'52$! ôy !).&,5$.!$!/&!4($!3$9794$2!4$-0$29452$!/.!4($!/0$.!!)2!5)4!0/4$.4)9,!/&!349).,$33!34$$,! á4 ()$229!$4!

9, yv !ìëíñày!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!íö!

&)'52$! öy !/89'$.!).&,5$.!$!/.!4($!/0$.!!)2!5)4!0/4$.4)9,!/&!349).,$33!34$$,!).!3$9794$2! á4 ()$229!$4!9, yv !ìëíñày !yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ìë!

&)'52$! íëy !-9).!$8429!$,,5,92!$,$!42/.!429.3&$2!094(7993!).! %#, 2!0#.5/1)$1..#"1!#+/ v!/ +#))25

,+#'"#+/'/ !9.#! 2!'"'0&', 2!'))1/5$#..,,4'"2+/ yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ìï!

&)'52$! ííy !05494)6$!$8429!$,,5,92!$,$!42/.!429.3&$2!3934$-!).! {!2+"'"201/ !4$.#$2)9!$,$!42/0(9'9 |!á7 9.'!$4!

9, yv !ìëíñ àyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îë!

&)'52$! íìy !3$!/.#929!3425!452$!/&!4($!3-9,,!35 5.)4!2) /3/-9,! 2.9 !7)4(!4($!(90$2692)9 ,$!2$')/.3! á6í !4/! 6öàyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!îñ!

! 8)))! &)'52$! íîy !/0$. É! )2!5)4! 0/4$.4)9,! á/!0à !6$2353!4)-$!&/2!349).,$33!34$$,!!/50/.3!$80/3$#!4/!#)&&$2$.4!

4$-0$29452$!/&!3$9794$2 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñó!

&)'52$! íïy !!94(/#)!!0/,92):94)/.!!526$3!900,)$#!4/!39-0,$3!7)4(!$../ ,$-$.4!94! îóé! !9.#!7)4(/54!94! ïëé!v !

94!4($! $')..).'!/&!4($!$80/352$!9.#!9&4$2! ì!7$$+3 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñó!

&)'52$! íñy !3$- !)-9'$3!94! í+! á9v !!à !9.#! ñ+! á v !#à !-9'.)&)!94)/.!/&!349).,$33!34$$,!$80/3$#!&/2!/.$!7$$+!4/!

3$9794$2!9.#!($94$#!4/! îóé! !á9v ! à !9.#! ïëé! !á!v !#ày!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñò!

&)'52$! íóy !./. É-$42)!!-5,4)#)-$.3)/.9,!3!9,).'! á.-#3à !/2#).94)/.! 93$#!/.!4($! 299 É! 524)3!#)33)-),92)49!

).#$8 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ñö!

&)'52$! íòy !2$,94)6$!9 5.#9.!$!#)342) 54)/.!/&!4($!$../ ,$-$.4! )/-92+$2! /45 3!7)4(!4($! íë ! $34! ,#9 !3!/2$3 y !yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!óë!

&)'52$! íôy !-$49,,/'290()!!!2/33!3$!4)/.3!/&! á,$&4 à!3îíôëîv !á2)'(4 à!3îìòñëy!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òì!

&)'52$! íöy !02).!)0,$!/&!4($!3$4 É50!&/2!#)33/,6$#!/89'$.!!/.42/,!).!$,$!42/!($-)!9,!!$,,3 y!yyyyyyyyyyyyyyyyyyyyyyyyyyy!òî!

&)'52$! ìëy !3!($-94)!!!2$6)!$!&/2-$2!933$- ,9! 93$#!/.! )3/íôëòëxìëíñ !á)3/v !ìëíñày!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òï!

&)'52$! ìíy !349 ),):$#! /!0 !2#./1/ !#/! !!526$3!).!!/.4).5/53,9!2$.$7$#!.94529,!3$9794$2!94! îëé! !&/2!349).,$33!

34$$,3! 5.3 !3îíôëî !9.#! 3îìñòëy!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òô!

&)'52$! ììy !490)!9,!930$!4!/&!!2$6)!$!4$34!30$!)-$.!9&4$2!$80/352$ y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òö!

&)'52$! ìîy !/0$.!!)2!5)4!0/4$.4)9,!/&! 5.3 !3îìñòë !).!9$294$#! á9002/8 y!ó!00-à!9.#!#$9$294$#! á®íë 00 à!

3$9794$2 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ôë!

&)'52$! ìïy !2$,94)6$!9 5.#9.!$!#)342) 54)/.!/&! /45 3!9 /6$! í• !/.!349).,$33!34$$,!/2!',933!!/50/.3v!9$294$#!

á9002/8 y!ó!00- à!9.#!#$9$294$#! á®íë 00 à!3$9794$2 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ôí!

&)'52$! ìñy !2$,94)6$!9 5.#9.!$!#)342) 54)/.!/&!4($!4$.! $34! )/-92+$2! /45 3!/&!4($!349).,$33!34$$,!5.#$2!

9$2/ )!!!/.#)4)/.3 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ôì!

8)6 !! !

&)'52$! ìóy !3!9..).'!$,$!42/.!-)!2/3!/09!-)!2/'290(3!94! í+ !á9v !!à !9.#! ñ+ !á v !#à !-9'.)&)!94)/. y!5.3ñîìòñë !

9&4$2!47/!7$$+3!/&!$80/352$ v!).!9$2/ )!! á9v ! à !9.#!9.9$2/ )!! á!v !#à !!/.#)4)/.3 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!ôî!

&)'52$! ìòy !/0$. É! )2!5)4! 0/4$.4)9,! á/!0à !6$2353!4)-$ y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öò!

&)'52$! ìôy !/6$26)$7!/&!4($!-$49'$./-)!!()'(!159,)49! -9' 3!7)4(!9!!,/3$!50!6)$7!/&! -9'ÜòöÜíy!yyyyyyyyyyyyyy!öö!

&)'52$! ìöy !09.'$./-$!9.9,93)3!/&!-9'ÜòöÜí !9.#! {!2P!4$.#$2)9!$,$!42/0(9'9 |y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëì!

&)'52$! îëy !3!($-94)!!0/4$.4)9,!2/54$!&/2!$8429!$,,5,92!$,$!42/.!429.3&$2!).! -9'ÜòöÜíy!yyyyyyyyyyyyyyyyyyyyyyyyíëö!

&)'52$! îíy !2$,94)6$!9 5.#9.!$!#)342) 54)/.!/&!4($!-/34!9 5.#9.4! 9!4$2)9!!/,,$!4$#!/.!349).,$33!34$$,!

$80/3$#!&/2!47/!7$$+3!).!3$9794$2! áííé!ày!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyííï!

&)'52$! îìy !2$,94)6$!9 5.#9.!$!/&!/45 3!9&&),)94$#!4/! {!2P!4$.#$2)9!$,$!42/0(9'9 |!).!9!4)-$!3$2)$3!/&!3$9794$2!

!/,,$!4$#!94!4($!05-0!53$#!93!).49+$!&/2!/52!$80$2)-$.43 yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyííó!

&)'52$! îîy !-$49'$./-$3!2$!25)4-$.4!/.! {!2P!4$.#$2)9!$,$!42/0(9'9 |y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyííô!

&)'52$! îïy !$80$2)-$.4!#$3)'.!&/2!34$2),$!!/.42/,!/.!$../ ,$-$.4y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíìí!

! ! ! !

! ! ! ,)34!/&!49 ,$3 ! 49 ,$! íy !!($-)!9,!!/-0/3)4)/.! á74 •à !9.#!0)44).'!2$3)349.!$!$15)69,$.4!.5- $2! á02$.à !/&!4($!4$34$#!349).,$33!

34$$, y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!î!

49 ,$! ìy !!($-)!9,!!/-0/3)4)/.!/&!4$34$#!0933)6$!9,,/93! á• 74! Ñ! 9,9.!$#! &$à!9.#! 02$.y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òí!

! 86! 49 ,$! îy !!/22/3)/.!2$35,43!&/2!349).,$33!34$$,3! 5.3 !3îíôëî !9.#! 3îìñòë !93!9!&5.!4)/.!/&! #/! !).!

!/.4).5/53,9!2$.$7$#!.94529,!3$9794$2!94!îëé!!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!òô!

49 ,$! ïy !!/.#)4)/.3!35--929!9.#!294)/.9,$ y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!öï!

49 ,$! ñy !-9' 3!$34)-94$3 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëë!

49 ,$! óy !9!3$,$!4)/.!/&!'$.$3!3(92$#! $47$$.! -9'ÜòöÜí !9.#! {!2P!4$.#$2)9!$,$!42/0(9'9 |!9.#!!/-092$#!4/!

/4($2!$,$!42/9!4)6$! 9!4$2)9 y!yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyíëñ!

! )

86) !! !

,)34!/&!9 2$6)94)/.3 !

!

9.)! 9bC[;IC!.^?QCU]KBC!)BCS]K]e!

940! 9BCSU\KSC!4[KÉ0JU\YJ;]C!

$3! KUCQC?][U?JCRK?;Q!3e\]CR!

! ! !;QbKSÉ CS\USÉ ;\\J;R!

!/'! !Q^\]C[\!UH!/[]JUQUIU^\!'[U^Y\!

#.9! #CUde[K>US^?QCK?!9?KB!

#/!! #K\\UQbCB!/deICS!!US]CS]!

$$4! $d][;?CQQ^Q;[!$QC?][US!4[;S\HC[!!

$03! $d][;?CQQ^Q;[!0UQeRC[K?!3^>\];S?C\!

(-#3! (Cd;RC]JeQBK\KQ;f;SC!

)3/! )S]C[S;]KUS;Q!/[I;SKf;]KUS!HU[!3];SB;[BKf;]KUS!

+$''! +eU]U!$S?e?QUYCBK;!UH!'CSC\!;SB!'CSURC\!

-9'! -C];ICSURCÉ9\\CR>QCB!'CSURC!

-&!! -K?[U>K;Q!&^CQ!!CQQ!

-/ ! -;SI;SC\C!/dKBKfKSI! ;?]C[K;!

.9#(Ç.9# ¶! .K?U]KS;RKBC!9BCSKSC!#KS^?QCU]KBC!

.'3! .Cd]!'CSC[;]KUS!3CZ^CS?KSI!

.-#3! .USÉRC][K?!-^Q]KBKRCS\KUS;Q!3?;QKSI!

/!0! /YCS!!K[?^K]!0U]CS]KCQ!

! 86))! /(! ! />QKI;]C!(eB[U?;[>USU?Q;\]K?! ;?]C[K;!

/45! /YC[;]KUS;Q!4;dUSURK?!5SK]!

0!2! 0UQeRC[;\C!!J;KS!2C;?]KUS!

0H;R! 0[U]CKS!&;RKQKC\!

YY>! 0;[]\ÉYC[!>KQQKUS!!

YYR! 0;[]\ÉYC[!RKQQKUS!!

02$.! 0K]]KSI!2C\K\];S?C!$Z^Kb;QCS]!.^R>C[!

2.9! 2K>US^?QCK?!9?KB!

[2.9! 2K>U\UR;Q!2K>US^?QCK?!9?KB!

3!$! 3];SB;[B!!;QURCQ!$QC?][UBC!

3!'! 3KSIQCÉ?UYe!!U[C!'CSC!

3$-! 3?;SSKSI!$QC?][US!-K?[U\?UYe!

3($! 3];SB;[B!(eB[UICS!$QC?][UBC!

33! 3];KSQC\\!3]CCQ!

4 3! 4[K\! ^HHC[CB!3;QKSC!

7'3! 7JUQC!'CSURC!3CZ^CS?KSI!

! !

86)))!! !

! !/.42) 54)/.!3!)$.4)&)15$ ! !

=JLB;D=K+K;B=FLB?BIM=K+BKKMK+

4[KIUBC]v!&yv!,;[?JEv!.yv!-U[[K\USv!(y!'yv!*C>>;[v!-yv!4JKC[[ev!#yv!;SB!-;KISKCSv!,y!áìëíöày!$QC?][U;?]KbC! ;?]C[K;! 9\\U?K;]CB! 7K]J! 3];KSQC\\! 3]CCQ! $SSU>QCRCS]! KS! 3C;c;]C[y! &[US]y! -K?[U>KUQy! íëy! BUKxíëyîîôöÇHRK?>yìëíöyëëíòëy!

!

=JLB;D=K+K;B=FLB?BIM=K+=F+HJ>H9J9LBGF+

4[KIUBC]v!&yv!,;[?JEv!.yv!4JKC[[ev!#yv!;SB!-;KISKCSv! ,y! )SHQ^CS?C! UH! BK\\UQbCB! UdeICS! ?US]CS]! US! ]JC! >;?]C[K;ÉKSB^?CB! CSSU>QCRCS]! UH! \];KSQC\\! \]CCQ\! KS! \C;c;]C[! ;SB! ?US\CZ^CS?C! US! ]JC! QU?;QKfCB! ?U[[U\KUS![K\Py!0[F]!YU^[!\U^RK\\KUS!B;S\!QC!OU^[S;Q!-;]C[K;Q\!;SB!!U[[U\KUSy!!

4[KIUBC]v!&yv!!J;QUYKSv!-yv!'CU[IC\v!-yv!-U[K\USv!(yv!*C>>;[v!-yv!,;[?JEv!.yv!4JKC[[ev!#yv!;SB!-;KISKCSv!,y! -C];ICSURK?!CbKBCS?C!UH!;S!CQC?][U;?]KbC!>;?]C[K;!;\\U?K;]CB! cK]J! \];KSQC\\! \]CCQ! CSSU>QCRCS]y! $S! ;]]CS]C!BC\![E\^Q];]\!BC!RE];][;S\?[KY]URKZ^C!;b;S]!\U^RK\\KUSy!

!

!GEEMFB;9LBGFK+GJ9D=K++

&QU[K;S! 4[KIUBC]v! .K?UQ;\! ,;[?JEv! #URKSKZ^C! 4JKC[[ev! ,UM\! -;KISKCSy! -;[KSC! CQC?][U;?]KbC! >KUHKQR\! [C\YUS\K>QC!HU[!\];KSQC\\!\]CCQ!CSSU>QCRCS]!É!9S!$?U'CSURK?!;YY[U;?Jy!0[E\CS];]KUS!U[;QC!;^!!USI[C\\! US!-;[KSC!!U[[U\KUS!;SB! KUHU^QKSIv!ìëíóv!4U^QUSv!&[;S?C!

&QU[K;S! 4[KIUBC]v! .K?UQ;\! ,;[?JEv! #URKSKZ^C! 4JKC[[ev! ,UM\! -;KISKCSy! %?UICSURKZ^C! BC\! >KUHKQR\! EQC?][U;?]KH\x! QC! ?;\! BC! Q|;SU>QK\\CRCS]! BC! Q|;?KC[! KSUdeB;>QCy! 0[E\CS];]KUS! U[;QC! KCSSC!á9&$-àv!ìëíòv!!;R;[C]É\^[ÉRC[v!&[;S?C!

! 8)8! !GEEMFB;9LBGFK+9??B;A>=K !

&QU[K;S! 4[KIUBC]v! .K?UQ;\! ,;[?JEv! #URKSKZ^C! 4JKC[[ev! ,UM\! -;KISKCSy! $QC?][U;?]KbC! >;?]C[K;! ;\\U?K;]CB! cK]J! \];KSQC\\! \]CCQ! CSSU>QCRCS]! KS! \C;c;]C[! É! 9S! $?U'CSURK?! ;YY[U;?Jy! 0U\]C[! ;^! 3eRYU\K^R! )S]C[S;]KUS;Q! B|$?UQUIKC! -K?[U>KCSSC! á)S]C[S;]KUS;Q! 3eRYU\K^R! US! -K?[U>K;Q! $?UQUIe! É! )3-$àv! ìëíôv! ,CKYfKIv!9QQCR;ISCy!!

!

4MD@9JBK9LBGF+K;B=FLB?BIM=++

Ä!!;[;?]E[K\;]KUS!EQC?][U?JKRKZ^C!C]!RUQE?^Q;K[C!BC\!>KUHKQR\!EQC?][U;?]KH\!\^[!;?KC[!KSUdeB;>QC!CS!RKQKC^! R;[KS!Åy!!US?U^[\!-;!]JD\C!CS!íôë\y!&KS;QK\]C!KS]C[É[EIKUS;Q!áíö!-;[\!ìëíôày!

0;[]K?KY;]KUS![C!ìëíó![C!BC!!URRC[?C!C]!B|)SB^\][KC!BC! [C\]y!!

Ä! 6Ue;IC\! CS! 2;BC! BC! [C\]! \^[! ^S! RU[?C;^! B|;?KC[! KSUdeB;>QC! Å! 0;[]K?KY;]KUS!

!

=;LBNBL>+

9??URY;ISCRCS]!B|^S!I[U^YC!KS]C[BK\?KYQKS;K[C!B|E]^BK;S]\!BC!-;\]C[!ì!\^[!QC!Ä! KUHU^QKSI!Å!B;S\!QC! ?;B[C!BC!Q|^SK]E!B|CS\CKISCRCS]!Ä!3?KCS?C!C]!3U?KE]E!Å!CS][C!3CY]CR>[C!C]!#E?CR>[C!ìëíò!

$S?;B[CRCS]!B|E]^BK;S]\!U[B!B^!S;bK[C!U?E;SKZ^C!9P;BCRKP!4[eU\JSKPUb!QU[\!B^!QCI!ë!BC!Q|9S];[?]K?! !K[?^RS;bKI;]KUS!$dYCBK]KUS!U[I;SK\EC!Y;[!QC!3cK\\!0UQ;[!)S\]K]^]C!á.UbCR>[C!É!#E?CR>[C!ìëíóày

88! ! !

!

!

! 88)!

!

!

!

!

!

!

! !).42/#5!4)/.!

! ).42/#5!4)/. ! !

)S! ]JK\! ?J;Y]C[v! ]JC! ;KR! K\! ]U! KS][UB^?C! SU]KUS\! ;SB! ]JC! QK]C[;]^[C! [CZ^K[CB! ]U! ^SBC[\];SB! ]JC! cU[P! YC[HU[R! B^[KSI! ]JK\! ]JC\K\y! !US\CZ^CS]Qev! \URC!SU]KUS! KS! CQC?][U?JCRK\][e! ;SB! RK?[U>KUQUIe! cKQQ! >C! Y[C\CS]CBv![CHQC?]KSI!]JC!R^Q]KBK\?KYQKS;[e!;YY[U;?Jy!4JK\!KS][UB^?]KUS!K\!?URYU\CB!UH!]J[CC!R;KS!Y;[]\x! CSSU>QCRCS]!UH!\];KSQC\\!\]CCQv!CQC?][U;?]KbC!>;?]C[K;!;SB!]JC!SCc!;YY[U;?JC\!KS!RK?[U>K;Q!C?UÉICSURK?y!

cV ! #,,- *#+#,2 +

4JC!R;KS!PCecU[B!UH!]JK\!]JC\K\!K\!{CSSU>QCRCS]|!;SB!]JC!\KRYQC\]!BCHKSK]KUS!K\x!;S!KS?[C;\C!UH!]JC!UYCS! ?K[?^K]!YU]CS]K;Q!UH!\];KSQC\\!\]CCQ!KS!\C;c;]C[y!&[UR!]JK\!BCHKSK]KUSv!)!cKQQ!CQ;>U[;]C!US!]JC!S;]^[C!UH! \];KSQC\\!\]CCQv!]JC!CQC?][U?JCRK?;Q!YU]CS]K;Qv!]JC![K\P!;SB![C;\US\!UH!]JK\!YU]CS]K;Q!KS?[C;\Cy!!

cVcV !12=(,*#11+12##* +

3];KSQC\\!\]CCQ\!;[C!R;KSQe!^\CB!HU[!]JCK[!?U[[U\KUS! [C\K\];S?C! Y[UYC[]e! ;SB! ;[C! cKBCQe! BCYQUeCB! KS! ?U[[U\KbC!CSbK[USRCS]\!;SB!?URRC[?K;QQe!C;\KQe!;b;KQ;>QCy!$d;RYQC!UH!;YYQK?;]KUS\!;[Cv!>^]!SU!QKRK]CB! ]Uv!YKYCQKSC\v!UHH\JU[C!\][^?]^[C\v!BC\;QKS;]KUS!YQ;S]\v!S^?QC;[!YQ;S]\!?UUQCB!BUcS!cK]J!\C;c;]C[v!>[KBIC\! á&;QPQ;SB!C]!;Qyv!ìëííày!!

cVcVcV ! !-+.-1(2(-,+ +

4JC!?U[[U\KUS![C\K\];S?C!UH!\];KSQC\\!\]CCQ!K\!B^C!]U!]JC!;BBK]KUS!UH!?J[URK^R!KS!]JC!;QQUey!9!RKSKR^R! ?URYU\K]KUS!UH!íëyñ•!áR;\\!H[;?]KUSà!UH!?J[URK^R!K\![CZ^K[CB!;??U[BKSI!]U!]JC!)S]C[S;]KUS;Q!3];SB;[B! )3/íññíëxìëíïy!!

/]JC[!CQCRCS]\!\^?J!;\!RUQe>BCS^Rv!SK?PCQv!?;[>USv!SK][UICSv!R;SI;SC\Cv!]^SI\]CS!?;S!>C!;BBCB!]U! ]JC!;QQUe!]U!RUBKHe!]JC!R;]C[K;Q!Y[UYC[]KC\y!&U^[!BKHHC[CS]!]eYC!UH!\];KSQC\\!\]CCQ\!?;S!>C!BC\?[K>CB!>;\CB! US!]JCK[!RK?[U\][^?]^[C\x!;^\]CSK]K?v!HC[[K]K?v!R;[]CS\K]K?!;SB!;^\]CSK]K?ÉHC[[K]K?!á#^YQCdày!!

&C[[K]K?!\];KSQC\\!\]CCQ!;[C!\];SB;[B!?J[URK^R!;QQUe\!cK]J!SU!U[!QK]]QC!;BBK]KUS!UH!SK?PCQ!cJKQC!;^\]CSK]K?! \];KSQC\\!\]CCQ\!;[C!U>];KSCB!>e!;BBK]KUS!UH!SK?PCQv!R;SI;SC\C!;SB!SK][UICSy!4JC!HU[RC[!K\!R;ISC]K?!;SB!

ì! ! ).42/#5!4)/. ! !

]JC!Q;]]C[!K\!SUSÉR;ISC]K?!á3][CK?JC[!;SB!'[^>>v!ìëííày!-;[]CS\K]K?!;[C!K[USÉ?J[URK^R!;QQUe!]J;]!?;S!>C! J;[BCSCB!;SB!J;bC!IUUB!RC?J;SK?;Q!Y[UYC[]KC\y!4JCe!J;bC!;!JKIJ!?;[>US!?US]CS]!;SB!SK][UICS!?;S!>C! ;BBCB! ]U! KRY[UbC! ]JCK[! \][CSI]J\! á'[^>>v! ìëííày! #^YQCd! \];KSQC\\! \]CCQ! J;bC! ;! RKdCB! HC[[K]K?! ;SB! ;^\]CSK]K?! RK?[U\][^?]^[C! cK]J! ?UR>KSCB! >CSCHK]\! UH! JKIJ! \][CSI]J! ;SB! JKIJ! ?U[[U\KUS! [C\K\];S?C! á&;QPQ;SB!C]!;Qyv!ìëííày!

3];KSQC\\!\]CCQ\!?;S!>C!?Q;\\KHKCB!>e!]JCK[!YK]]KSI![C\K\];S?C!CZ^Kb;QCS]!S^R>C[!á02$.à!HU[!cJK?J!;!JKIJC[! b;Q^C!?U[[C\YUSB!]U!;!>C]]C[!?U[[U\KUS![C\K\];S?Cy!)]!K\!?;Q?^Q;]CB!cK]J!?J[URK^Rv!RUQe>BCS^Rv!]^SI\]CS! ;SB!SK][UICS!R;\\!H[;?]KUSy!)S!]JK\!\]^Bev!cC!cC[C!RU\]Qe!KS]C[C\]CB!KS!]JC!\];KSQC\\!\]CCQ!CQC?][U?JCRK?;Q! YU]CS]K;Qv! KSBCYCSBCS]Qe! UH! ]JC! ?U[[U\KUS! YJCSURCSUSy! (CS?Cv! USQe! \^YC[ÉB^YQCd! áJKIJ! ?J[URK^R! ?US]CS]!É!02$.!©!ïëà!\];KSQC\\!\]CCQ!J;\!>CCS!^\CB!;SB!K]\!SURKS;Q!?URYU\K]KUS!K\!BC\?[K>CB!KS!4;>QC!íy!!

!

!

!

CIJSM! '%! 4PMTQKIS! KVTWVZQ[QVU! ^[5!! IUL! WQ[[QUO! YMZQZ[IUKM! MX\Q]ISMU[! U\TJMY! @A6>!! VN! [PM! [MZ[ML!Z[IQUSMZZ!Z[MMS%!

! 5.3! ![! .K! -U! &C! !^! .! 02$.!;à! 3^YC[!B^YQCd! 3îìòñë! ìñyí! òyë! îyô! ;Qy! ëyíî! ëyìö! ïìyî! ;à!02$.!ß!•![!¶!îvî•á-U!¶!ëyñ•7à!¶!íó•.!

!

!

!

!

! î! ).42/#5!4)/. ! !

cVcVdV ! .=11(4=2(-,+ +

3URC!;QQUe\!;[C!?;QQCB!Y;\\KbC!;QQUe!>C?;^\C!UH!]JCK[!;>KQK]e!]U!HU[R!;!Y;\\KbC!Q;eC[!US!]JC!\^[H;?C!UH!]JC! RC];Qy!4JK\!Q;eC[!K\!R;BC!UH!UdKBC!]J;]![CR;KS!\];>QC!;SB!]JC[CHU[C!Y[CbCS]!H^[]JC[!?U[[U\KUS!]U!];PC! YQ;?C!á+[^IC[v!ìëííày!)S!]JC!?;\C!UH!\];KSQC\\!\]CCQv!]JC!Y[C\CS?C!UH!?J[URK^R!K\!]JC!RU\]!KRYU[];S]! CQCRCS]!]J;]!cKQQ!HU[R!]JC!Y;\\KbC!HKQRv!;QUSI!cK]J!K[USy! U]J!K[US!;SB!?J[URK^R!UdKBCÇJeB[UdKBC!cKQQ! HU[R!;!Y;\\KbC!Q;eC[!UH!;>U^]!;!HCc!S;SURC]C[\y!#C\YK]C!]JC![U>^\]SC\\!;SB!\];>KQK]e!UbC[!]KRCv!]JC[C!K\! ;!\QUc!>^]!?US]KS^U^\![CSCc;Q!UH!]J;]!Y;\\KbC!Q;eC[y!4JC!bC[e!\QUc!UdKB;]KUS!BCHKSC\!]JC!Y;\\Kb;]KUS! ?^[[CS]!]J;]!K\!\CbC[;Q!U[BC[\!UH!R;ISK]^BC!QUcC[!]J;S!]JC!UdKB;]KUS!?^[[CS]!HU[!Y^[C!K[US!á+[^IC[v!ìëííày!!

cVdV !+ 0 #"-6+0#=!2(-,1 +

2CBUd![C;?]KUS\!;[C!;!?CS][;Q!CQCRCS]!UH!;QQ!]JC!cU[P!Y[C\CS]CB!KS!]JK\!]JC\K\y!)]!K\!]JC[CHU[C!?[K]K?;Q!]U! KS][UB^?C!;!ICSC[;Q![CBUd!BCHKSK]KUSx!;S!CQC?][US!][;S\HC[!H[UR!;![CB^?C[!áCQC?][US!BUSU[à!]U!;S!UdKB;S]! áCQC?][US! ;??CY]U[ày! 2CBUd! [C;?]KUS\! ;[C! BCHKSCB! >e! ]cU! J;QH! [C;?]KUS\x! ;S! UdKB;]KUS! HU[! ]JC! QU\\! UH! CQC?][US!>e!]JC![CB^?C[v!;SB!;![CB^?]KUS!HU[!]JC!I;KS!UH!CQC?][US!>e!]JC!UdKB;S]y!)S!;S!CQC?][U?JCRK?;Q! \e\]CRv! CQC?][UBC\! ;[C! S;RCB! ;??U[BKSI! ]U! ]JC! [CBUd! [C;?]KUS\x! ]JC! ;SUBC! K\! cJC[C! ]JC! UdKB;]KUS! J;YYCS\!;SB!]JC!?;]JUBC!K\!]JC!YQ;?C!UH!;![CB^?]KUSy!!

4JC![CBUd![C;?]KUS!UH!;S!UdKB;S]!/!cK]J![CB^?C[!2!K\!IKbCS!KS!J;QHÉ[C;?]KUS\!á9àá à!;SB!?URYQC]C![C;?]KUS! á!ày!

á9à !,(#,@7 H #1.8!

á à !+ H 1.8 ( +@8!

á!à !+ H + (# +@8 H,@7!

4JC\C![C;?]KUS\!BCHKSC!;![CBUd!YU]CS]K;Qv!cJK?J!K\!]JC!]CSBCS?e!UH!;S!CQCRCS]!]U!;??CY]!áU[!BUS;]Cà! CQC?][US!]U!IC]![CB^?CB!áU[!UdKBKfCBày!4JC!\];SB;[B![CBUd!YU]CS]K;Q!HU[!;!J;QHÉ[C;?]KUS!á9à!;SB!á à!K\!]JC!

ï! ! ).42/#5!4)/. ! ! bUQ];ICÖBKHHC[CS?C!UH!YU]CS]K;QÖ;]!CZ^KQK>[K^R!KS!\];SB;[B!?USBK]KUS!cK]J!]JC!UdKB;]KUS!UH!JeB[UICS! á#àv!cJK?J!K\!ëyë!6!>e!?USbCS]KUSy!

á#à !3 * (#*7 H.8! 4 4

4JC!.C[S\]!CZ^;]KUS!K\!^\CB!]U!IC]!]JC![CBUd!YU]CS]K;Q!UH!C;?J!J;QH![C;?]KUS!cK]J!]JC!\];SB;[B![CBUd! YU]CS]K;Qv!]CRYC[;]^[C!;SB!?US?CS][;]KUS!UH!]JC![C;?];S]\y!

9\!HU[!]JC!]U];Q![C;?]KUS!x!

2 2 2 á$à !)DAD=? (#); I): !

GF á&à ! ) ()2 I ;< 01# K;LK: L! DAD=? DAD=? @9 K;GFLK:L

)S!R;Se!cCQQ!UdeICS;]CB!CSbK[USRCS]\v!]JC!R;KS![CB^?]KUS![C;?]KUS!K\!]JC!UdeICS![CB^?]KUS![C;?]KUS!;\! K]!K\!;!\][USI!UdKB;S]!]J;]!?;S!^SBC[IU!;!HU^[!CQC?][US![C;?]KUS!]U!HU[R!c;]C[!á'àv!U[!;!]cU!CQC?][US! [CB^?]KUS!]U!JeB[UdKBC!YC[UdKBC!á(àv!cJK?J!?;S!]JCS!>C![CB^?CB!]U!c;]C[!cK]J!;!\C?USB!]cU!CQC?][US\! [C;?]KUS!á)ày!!

8 8 2 á'à !+4 H #$*4+ H %. ( %+* !! ) J H#" %"##-!

7 8 2 á(à !+4 H $* H $. (*4+4! ! ) J H#" &'"#-!

7 8 2 á)à ! *4+4 H $* H $. ( $*4+! ) J H## ''#-!

9SU]JC[! c;e! ]U! bK\^;QKfC! [CBUd! [C;?]KUS\! ;SB! [CBUd! YU]CS]K;Q\!K\!cK]J!;S!$b;S|\!BK;I[;R!cJC[C!]JC! UdKB;]KUS!á;SUBK?à!;SB![CB^?]KUS!á?;]JUBK?à![C;?]KUS\!;[C!YQU]]CB!KS!;!?^[[CS]!b\y!YU]CS]K;Q!YQU]!&KI^[C!íy! 3KS?C!]JC[C!K\!SU!;??^R^Q;]KUS!UH!?J;[ICv!]JC!S^R>C[!UH!CQC?][US\!ICSC[;]CB!>e!]JC!UdKB;]KUS!R^\]!>C! ?US\^RCB!>e!]JC![CB^?]KUS![C;?]KUSy!(CS?Cv!]JC!RC;\^[CB!YU]CS]K;Q!K\!;]!]JC!?[U\\KSI!YUKS]!UH!]JC!;SUBK?! ;SB!?;]JUBK?!?^[bC\y!

!

! ñ! ).42/#5!4)/. ! !

!

7QO\YM!'%!6_ITWSM!VN!IU!6]IUeZ!LQIOYIT!NVY![PM!V_QLI[QVU!VN!GU!IUL![PM!YML\K[QVU!VN!9"% !

$?U[[ !K\!]JC!]U];Q![CBUd!YU]CS]K;Qy!9B;Y]CB!H[UR!á9JR;Bv!ìëëóày!

cVeV !(,!0#=1#+-%+.-2#,2(=* +

&U[! Y[;?]K?;Q![C;\US\v!cC!ICSC[;QQe!^\C!9IÇ9I!Q![CHC[CS?C!CQC?][UBC\!]U!RC;\^[C!]JC!YU]CS]K;Q!UH!;! R;]C[K;Qy!4JC\C!CQC?][UBC\!;[C![CI^Q;[Qe!?;QK>[;]CB!cK]J!3;]^[;]CB!!;QURCQ!$QC?][UBC\!á3!$àv!K]\CQH!;[U^SB! ¶ìïï!R6!b\y!\];SB;[B!JeB[UICS!CQC?][UBC!á3($ày!7JCS!\];KSQC\\!\]CCQ\!;[C!KRRC[\CB!KS!;!\UQ^]KUS!QKPC! \C;c;]C[v!K]!K\!]J^\!YU\\K>QC!]U!RC;\^[C!]JC!bUQ];IC!BKHHC[CS?C!>C]cCCS!]JC!\];KSQC\\!\]CCQ!;SB!\;]^[;]CB! ?;QURCQ! CQC?][UBC! á3!$ày! )H! SU! ?^[[CS]! U[! YU]CS]K;Q!;[C!Cd]C[S;QQe!;YYQKCB!]U!]JC!\];KSQC\\!\]CCQv!]JC! RC;\^[CB!YU]CS]K;Q!K\!?;QQCB!]JC!UYCSÉ?K[?^K]!YU]CS]K;Qv![CHC[[CB!;\!/!0!JC[C;H]C[y!!

4JC!/!0!K\!BCHKSCB!>e!]JC!?JCRK?;Q![C;?]KUS\!;]!]JC!KS]C[H;?C!UH!]JC!\];KSQC\\!\]CCQ!cK]J!K]\!\^[[U^SBKSI! CSbK[USRCS]y!4JC!PCe\!H;?]U[\!]J;]!cKQQ!BC]C[RKSC!]J;]!YU]CS]K;Q!;[C!]JC!?US?CS][;]KUS!UH!]JC![C;?];S]\v! ]JC!J;QHÉ?CQQ![C;?]KUS!YU]CS]K;Q!á$ |ë à!;SB!]JC!PKSC]K?\!UH!C;?J!J;QH!?CQQ![C;?]KUSy!!

ó! ! ).42/#5!4)/. ! !

9S!KS?[C;\C!UH!]JC!/!0!?;S!>C!U>\C[bCB!US!\];KSQC\\!\]CCQ!CdYU\CB!KS!S;]^[;Q!\C;c;]C[!;SB![KbC[!c;]C[v! >P:P ! S;]^[;QQe! ?US];KSKSI! RK?[UU[I;SK\R\! á&KI^[C! ìày! 4J;]! \YUS];SCU^\! KS?[C;\C! KS! /!0! K\! ?;QQCB! CSSU>QCRCS]!;SB!c;\!HK[\]!BC\?[K>CB!>e!-UQQK?;!;SB!4[CbK\v!íöòóy!)]!K\!^\^;QQe!KS!]JC![;SIC!UH!¶!îëë!Ç!¶! ñëë! R6y! 4JK\! YJCSURCSUS! J;\! >CCS! U>\C[bCB! cU[QBcKBC! á3?U]]U! ;SB! ,;Kv! íööôàv! KS! \C;c;]C[! ;SB! H[C\Jc;]C[!\e\]CR\y!4JC!CSSU>QCRCS]!c;\!U>\C[bCB!US!;QQ!]eYC\!UH!\];KSQC\\!\]CCQ!á-U]UB;!C]!;Qyv!íööëàv! ;SB!;Q\U!US!IQ;\\e!?;[>US!CQC?][UBC!á3[KBJ;[;S!C]!;Qyv!ìëííày!!

!

!

7QO\YM!(%!BKPMTI[QK!ZPQN[!VN!WV[MU[QIS!^Q[P!M_WVZ\YM![QTM!QU!UI[\YIS!IUL!Z[MYQSM!ZMI! ^I[MY! 5QKRQUZVU!IUL!

!

!

! ò ).42/#5!4)/. ! !

4JC! CSSU>QCRCS]! K\! ;\\U?K;]CB! cK]J! ]JC! Y[C\CS?C! UH! RK?[UU[I;SK\R\! ]J;]! ?UQUSKfC! ]JC! \^[H;?C! UH! \];KSQC\\!\]CCQy!4JC![CRUb;Q!UH!]JC!\^[H;?C!;]];?JCB! RK?[UU[I;SK\R\! ][KIIC[\! ;! QU\\! UH! CSSU>QCRCS]! á-U]UB;!C]!;Qyv!íööëàv!;SB!]JC!CdYUSCS]K;Q!KS?[C;\C!UH!>;?]C[K;Q!?UQUSKf;]KUS!US!\];KSQC\\!\]CCQ!J;\!>CCS! ?U[[CQ;]CB!cK]J!]JC!KS?[C;\C!UH!YU]CS]K;Qv!cJK?J!\^IIC\]\!]J;]!]JC!S^R>C[!UH!>;?]C[K;!K\!QKSPCB!]U!]JC! YU]CS]K;Qy!4U!H^[]JC[![CQ;]C!]JC!Y[C\CS?C!UH!RK?[UU[I;SK\R\!;SB!YU]CS]K;Q!KS?[C;\Cv!'`RYCQ!C]!;Qyv!ìëëóv! J;bC!;BBCB!C]J;SUQ!B^[KSI!]JC!>;?]C[K;Q!?UQUSKf;]KUS!;SB!]JC!YU]CS]K;Q!BC?[C;\CB!HU[!;!\JU[]!]KRC!;\!]JC! C]J;SUQ!J;\!;![CbC[\K>QC!SCI;]KbC!CHHC?]!US!>;?]C[K;Q!I[Uc]Jy!4JC!;BBK]KUS!UH!YU];\\K^R!?e;SKBC!J;B!]JC! \;RC!CHHC?]!>^]!HU[!;!QUSIC[!YC[KUB!UH!]KRCy!3KS?C!]JC!?e;SKBC!K\!]UdK?!;SB!Y[CbCS]\!?CQQ![C\YK[;]KUSv!K]! RC;S\!]J;]!RK?[UU[I;SK\R\!J;bC!]U!>C!RC];>UQK?;QQe!;?]KbCy!

cVfV !0(1)1+ +

4JC!Y[C\CS?C!UH!]JC!Y;\\KbC!HKQR!US!\];KSQC\\!\]CCQ!Y[CbCS]\!QU?;QKfCB!?U[[U\KUSy!(UcCbC[v!]JC[C!K\!;! ?[K]K?;Q!YU]CS]K;Q!;>UbC!cJK?J!QU?;QKfCB!?U[[U\KUS!?;S!U??^[!HU[!\];KSQC\\!\]CCQy!4J;]!YU]CS]K;Q!K\!?;QQCB!]JC! YK]]KSI!YU]CS]K;Q!á-;[?^\v!ìëííà!á&KI^[C!îày!4JK\!?[K]K?;Q!YU]CS]K;Q!K\!BCYCSBKSI!US!]JC!?URYU\K]KUS!UH! \];KSQC\\!\]CCQ!;SB!KS!ICSC[;Qv!]JC!JKIJC[!]JC!02$.!b;Q^C!K\v!]JC!JKIJC[!]JK\!?[K]K?;Q!YU]CS]K;Q!K\y!

4JC!CSSU>QCRCS]v!U[!]JC!KS?[C;\C!UH!YU]CS]K;Qv!][KIIC[CB!>e!]JC!RK?[UU[I;SK\R\!KS?[C;\C\!]JC!QKPCQKJUUB! ]U![C;?J!;!YU]CS]K;Q!JKIJC[!]J;S!]JC!?[K]K?;Q!YK]]KSI!?U[[U\KUS!HU[!;!IKbCS!;QQUev!C\YC?K;QQe!HU[!QUcC[!;QQUe\! \];KSQC\\!\]CCQ!áQC\\!?J[URK^R!?US]CS]à!á'CK\C[!C]!;Qyv!ìëëìw!(;PP;[;KSCSv!ìëëîw!,K;U!C]!;Qyv!ìëíëw!3JK!C]! ;Qyv!ìëëîày!

9\!\];KSQC\\!\]CCQ!;YYQK?;]KUS\![CQe!US!]JC!?U[[U\KUS![C\K\];S?Cv!]JC!CSSU>QCRCS]!K\!;![C;Q!?US?C[Sy!9\!;! ?US\CZ^CS?Cv!JKIJC[!I[;BC\!;SB!RU[C!?U\]Qe!\];KSQC\\!\]CCQ\!QKPC!\^YC[ÉB^YQCd!R;]C[K;Q\!cK]J!JKIJ!02$.! J;bC!]U!>C!^\CB!]U!Y[CbCS]!]JC!U??^[[CS?C!UH!QU?;QKfCB!?U[[U\KUSy!

!

!

!

ô! ! ).42/#5!4)/. ! !

!

!

7QO\YM! )%! BKPMTI[QK! WVSIYQaI[QVU! K\Y]M! NVY! Z[IQUSMZZ! Z[MMS% ! 9! YUQ;[Kf;]KUS! ?^[bC! [CY[C\CS]\! ]JC! CbUQ^]KUS! UH! ]JC! ?^[[CS]! áKS! QUI! \?;QCà!cK]J!]JC!YU]CS]K;Qv! >P:P5 K]!BC\?[K>C\!]JC!?^[[CS]!U>];KSCB!cJCS! KS?[C;\KSI! U[! BC?[C;\KSI! ]JC! YU]CS]K;Qy! 4JK\! HKI^[C! K\! ;! \?JCR;]K?! [CY[C\CS];]KUS! UH! ]JC! ;SUBK?! ?^[bC! á]JC! UdKB;]KUS! [C;?]KUSà! UH! \];KSQC\\!\]CCQv!;SB!]JC!?;]JUBK?!?^[bC!á[CB^?]KUS![C;?]KUSà!UH!UdeICSy!

$YK] !K\!]JC!YK]]KSI!?U[[U\KUSv!;>UbC!cJK?J!;!\R;QQ!KS?[C;\C!UH!YU]CS]K;Q!

\][USIQe!KS?[C;\C!]JC!?^[[CS]y!4JC!RC;\^[;>QC!YU]CS]K;Q!á$ ?U[[ à!K\!]JC!

YU]CS]K;Q!cJC[C!>U]J!?^[bC\!?[U\\v! >P:P5 ;]!]JC!\;RC!?^[[CS]!BCS\K]e!áK Yà! \KS?C!;QQ!CQC?][US!Y[UB^?CB!>e!]JC!UdKB;]KUS!;[C!^\CB!KS!]JC![CB^?]KUS! [C;?]KUSy!9B;Y]CB!H[UR!á,K]]QC!C]!;Qyv!ìëëôày!

!

! ö ).42/#5!4)/. ! !

cVgV !!=31#1+ +

#C\YK]C!]JC!BC\?[KY]KUS!UH!CSSU>QCRCS]!RU[C!]J;S!ïë!eC;[\!;IUv!]JC!RK?[U>K;Q!RC?J;SK\Rá\à!]J;]!?;S! CdYQ;KS!JUc!RK?[UU[I;SK\R\!?;S!KS?[C;\C!]JC!YU]CS]K;Q!UH!\];KSQC\\!\]CCQ!KRRC[\CB!KS!\C;c;]C[!K\!\]KQQ! BC>;]CBy!.CbC[]JCQC\\v!\CbC[;Q!JeYU]JC\C\!J;bC!>CCS!Y[UYU\CB!KS!]JC!QK]C[;]^[Cv!>U]J!]JCU[C]K?;Q!;SB! CRYK[K?;Qv!>^]!SUSC!?U^QB!CdYQ;KS!]JC!CSSU>QCRCS]!HU[!;QQ![CYU[]CB!?USBK]KUS\y!!

4JC!]JCU[C]K?;Q!c;e\!]U!KS?[C;\C!]JC!/!0!J;bC!>CCS!\^RR;[KfCB!á,K]]QC!C]!;Qyv!ìëëôv!ìëíìà!;SB!?US\K\]\! UH!]J[CC!YU\\K>KQK]KC\x!]JC[RUBeS;RK?\v!PKSC]K?\!;SB!;Q]C[;]KUS!UH!]JC![CB^?]KUS![C;?]KUSy!!

cVgVcV ! 2'#0+-"7,=+(! +

'KbCS!]JC!.C[S\]!CZ^;]KUSv!]JC[C!;[C!R^Q]KYQC!c;e\!]U!?J;SIC!]JC!YU]CS]K;Q!;SB!;!HK[\]!Y;[;RC]C[!K\!]JC! ?US?CS][;]KUS!UH!]JC![C;?];S]\!KSbUQbCB!KS!]JC![CBUd![C;?]KUSy!9\!cC!YU\K]!]J;]!]JC!?;]JUBK?![C;?]KUS!K\! ]JC!UdeICS![CB^?]KUSv!]JC!]cU!?[K]K?;Q!CQCRCS]\!;[C!]JC!Y(!;\!Y[U]US\!;[C!KSbUQbCB!KS!]JC![C;?]KUS\!;SB! UdeICS!Y;[]K;Q!Y[C\\^[Cy!

9!BC?[C;\C!UH!]JC!Y(!;]!]JC!\];KSQC\\!\]CCQ!\^[H;?C!?;S!?J;SIC!]JC![CBUd!YU]CS]K;Q!UH!]JC!?;]JUBK?!J;QH! [C;?]KUS!á&KI^[C!ïày!4JCU[C]K?;QQev!;!?J;SIC!UH!Y(!H[UR!ô!]U!î!cU^QB!;??U^S]!HU[!;!¶îëëR6!KS?[C;\C!á,K]]QC! C]!;Qyv!ìëëôày!(UcCbC[v!#Cd]C[!;SB!!J;SB[;\CP;[;Sv!ìëëëv!\JUcCB!]J;]!Y(!RC;\^[CB!US!ìï!RUS]J!UQB! >KUHKQR\!c;\!JKIJQe!b;[K;>QCv![;SIKSI!H[UR!ó!]U!ìy!(CS?Cv!]JC!Y(!?US][K>^]KUS!]U!]JC!CSSU>QCRCS]!K\! YU\\K>Qe![CQCb;S]!>^]!?;SSU]!>C!CS]K[CQe![C\YUS\K>QC!UH!]JC!U>\C[bCB!CSSU>QCRCS]y!)]!;Q\U![CZ^K[C\!;!H^QQe! BCbCQUYCB!>KUHKQR!?UbC[KSI!]JC!RC];Q!KS!U[BC[!]U!?U^S]C[!Y[U]US!BKHH^\KUS!;SB!R;KS];KS!;!Y(!I[;BKCS]! cK]J!]JC!\^[[U^SBKSI!RCBK^Ry!

9S! KS?[C;\CB! KS! ]JC! Y;[]K;Q! Y[C\\^[C! UH! UdeICS! ?;S! ;Q\U! KS?[C;\C! ]JC! /!0! á 7QO\YM! *%! BKPMTI[QK! WVSIYQaI[QVU!K\Y]M!NVY!Z[IQUSMZZ!Z[MMS% !!J;SIC!UH!CK]JC[!Y(!U[!/ì!Y;[]K;Q!Y[C\\^[C!cU^QB!?J;SIC!]JC! [CbC[\K>QC!YU]CS]K;Q! 2 3 ]U! 2 4y!9\!;![C\^Q]v!]JC!RC;\^[CB!YU]CS]K;Q!á;Q\U![CHC[[CB!;\!$?U[[à!cU^QB![;K\C! ):E # ):E 3 4 H[UR! )>ACC !]U! )>ACC y! 9B;Y]CB! H[UR! á,K]]QC! C]! ;Qyv! ìëëôày ,75=;4! &ày! 0JU]U][UYJK?! RK?[UU[I;SK\R\! ?;S!

íë! ! ).42/#5!4)/. ! !

KS?[C;\C! ]JK\! Y;[]K;Q! Y[C\\^[C! UH! UdeICS! cK]J! YJU]U\eS]JC\K\! ;SB! ]JC[CHU[C! ?;S! YQ;e! ;! [UQC! KS! CSSU>QCRCS]!á,;SBU^Q\K!C]!;Qyv!ìëííày! ^]!]JC!CSSU>QCRCS]!K\!;Q\U!U>\C[bCB!KS!B;[P!?USBK]KUS\y!!

!

7QO\YM!*%!BKPMTI[QK!WVSIYQaI[QVU!K\Y]M!NVY!Z[IQUSMZZ!Z[MMS% !!J;SIC!UH!CK]JC[!Y(!U[!/ ì! Y;[]K;Q! Y[C\\^[C! cU^QB! ?J;SIC! ]JC! [CbC[\K>QC! YU]CS]K;Q! 2 3 ]U! 2 4 y! 9\! ;! [C\^Q]v! ]JC! ):E # ):E 3 4 RC;\^[CB!YU]CS]K;Q!á;Q\U![CHC[[CB!;\!$ ?U[[ à!cU^QB![;K\C!H[UR! )>ACC !]U! )>ACC y!9B;Y]CB!H[UR! á,K]]QC!C]!;Qyv!ìëëôày!

cVgVdV ! )(,#2(!1 +

4JC!YU]CS]K;Q!?;S!>C!RUB^Q;]CB!>e!]JC!?US?CS][;]KUS!UH!]JC![C;?];S]!KSbUQbCB!KS!]JC![CBUd![C;?]KUSv!;SB! ]JC[CHU[C!;Q\U!>e!]JC!PKSC]K?\!UH!]JC!;\\U?K;]CB![C;?]KUSy!9\!]cU!J;QH![C;?]KUS\!;[C!KSbUQbCB!JC[Cv!]JC! [CB^?]KUS!;]!]JC!?;]JUBC!;SB!]JC!UdKB;]KUS!;]!]JC!;SUBCv!CK]JC[!;S!KS?[C;\C!UH!]JC!?;]JUBK?![CB^?]KUS!U[! ;!BC?[C;\C!UH!]JC!;SUBK?!UdKB;]KUS!?;S!;??U^S]!HU[!;S!UbC[;QQ!KS?[C;\C!KS!YU]CS]K;Qy!!

! íí! ).42/#5!4)/. ! !

íyñyìyíy !!94(/#)!!#$0/,92):94)/. !

9S!KS?[C;\CB![;]C!UH!UdeICS![CB^?]KUS!?;S!]JCU[C]K?;QQe!KS?[C;\C!]JC!/!0!;\!\JUcS!KS!]JC!&KI^[C!ñy!

7QO\YM! +%! BKPMTI[QK! WVSIYQaI[QVU! K\Y]M! NVY! Z[IQUSMZZ! Z[MMS% !9S! KS?[C;\C! [;]C! UH! UdeICS! [CB^?]KUS! cU^QB! ?J;SIC! 2 3 !]U! 2 4 y! 9\!;! /:E /:E

[C\^Q]v! ]JC! RC;\^[CB! YU]CS]K;Q! á;Q\U! [CHC[[CB! ;\! $ ?U[[ à! cU^QB! [;K\C!

3 5 H[UR! )>ACC ]U! )>ACC y!9B;Y]CB!H[UR!á,K]]QC!C]!;Qyv!ìëëôày!

!

4JC!?;]JUBK?!BCYUQ;[Kf;]KUSv!U[!]JC!CSJ;S?CB!UdeICS![CB^?]KUS![C;?]KUS!K\!]JU^IJ]!]U!>C!?USB^?]CB!>e! ]JC!RK?[UU[I;SK\R\!]J;]!Z^K?PQe!\C]]QCB!;SB!BCbCQUYCB!US!]JC!\^[H;?C!UH!;!\];KSQC\\!\]CCQ!KS!\C;c;]C[y! 4JCK[!Y[C\CS?C!;SB!;?]KbK]e!J;\!>CCS!KSbC\]KI;]CB!cK]J!]JC!^\C!UH!>;?]C[K;Q!KSJK>K]U[!\^?J!;\!\UBK^R!;fKBC! ;SB!IQ^];[;QBCJeBC!>e!3?U]]U!C]!;Qyv!íöôñv!íöôów!3?U]]U!;SB!,;Kv!íööôày!!

íì ! ).42/#5!4)/. ! !

3UBK^R!;fKBC!K\!;!ICSC[;Q!CSfeRC!KSJK>K]U[!]J;]!K\![CbC[\K>QC!;SB!BUC\!SU]!?;^\C!?CQQ!BC;]Jy!4JC[CHU[Cv! ;QQ!CSfeR;]K?!;?]KbK]KC\!UH!]JC!?CQQ\!;[C![CbC[\K>Qe!]^[SCB!UHH!KS?Q^BKSI!UdeICS![CB^?]KUSy!3UBK^R!;fKBC! c;\! ;BBCB! KS]U! ]JC! RCBK^R! ;H]C[! \CbC[;Q! B;e\! UH! KS?^>;]KUS\! US! \];KSQC\\! \]CCQ! \JUcKSI! YU]CS]K;Q! CSSU>QCRCS]!KS!\C;c;]C[y!4JK\!?;^\CB!;!\J;[Y!BC?[C;\C!UH!]JC!/!0y!2CRUb;Q!UH!\UBK^R!;fKBC!QCB!]U!]JC! [C?UbC[e!UH!CSSU>QCRCS]y!4JK\!\^IIC\]\!]J;]!]JC!CSSU>QCRCS]!?U^QB!>C!?;^\CB!>e!;S!CSfeR;]K?!;?]KbK]e! UH!]JC!RK?[UU[I;SK\R\!]J;]!BCbCQUYCB!US!]JC!\];KSQC\\!\]CCQy!!

'Q^];[;QBCJeBC! K\! ^\^;QQe! ^\CB! ]U! HKd! ?CQQ\v! ;SB! ]JC[CHU[C! PKQQ\! RK?[UU[I;SK\R\y! ^]! ]JC! ;BBK]KUS! UH! IQ^];[;QBCJeBC!BKB!SU]!KSB^?C!;!BC?[C;\C!KS!/!0v!cJK?J![CR;KSCB!;]!;!JKIJ!b;Q^Cy!9BBK]KUS!UH!\UBK^R! ;fKBC!K[[CbC[\K>Qe!BC?[C;\CB!]JC!/!0y!4JC!;^]JU[\!?US?Q^BCB!]J;]!USQe!CdUCSfeRC!áCSfeRC!U^]\KBC!]JC! ?CQQ\à! ?U^QB! [CR;KS! H^S?]KUS;Q! ;H]C[! ]JC! ;BBK]KUS! UH! IQ^];[;QBCJeBC! ;\! ]JC! ?CQQ\! cC[C! BC;By! 4JC\C! CdUCSfeRC\!cU^QB!]JCS!>C!KSJK>K]CB!>e!]JC!\UBK^R!;fKBCv!K[[CbC[\K>Qe!>C?;^\C!]JC!RK?[UU[I;SK\R\!cC[C! ^S;>QC!]U![CICSC[;]C!]JC\C!CdUCSfeRC\y!!

9S! CSfeR;]K?! CdYQ;S;]KUS! UH! ]JC! ?;]JUBK?! BCYUQ;[Kf;]KUS! K\! [C;QQe! KS]C[C\]KSI! >^]! \KS?C! ;QQ! >;?]C[K;Q! ;?]KbK]KC\!cC[C!KSJK>K]CB!KS!]JK\!CdYC[KRCS]v!K]!K\!J;[B!]U!?US?Q^BC!US!]JC!Cd;?]!RC?J;SK\R\!]J[U^IJ! cJK?J! ]JC! >;?]C[K;! ?;S! KS?[C;\C! ]JC! /!0y! .CbC[]JCQC\\v! K]! \JUc\! ]J;]! ;S! CSfeR;]K?! ;?]KbK]e! K\! ?US]KS^U^\Qe! [CZ^K[CB! ]U! PCCY! ]JC! /!0! ;]! JKIJ! YU]CS]K;Qy! )S! ?US][;BK?]KUSv! á#^YUS]! C]! ;Qyv! íööôw! -;[?USSC]!C]!;Qyv!ìëëôà!J;bC!\JUcS!]J;]!]JC!;BBK]KUS!UH!?;];Q;\C!CSfeRC!BC?[C;\CB!]JC!CSSU>QCRCS]! cK]J! ]JC! [CRUb;Q! UH! JeB[UICS! YC[UdKBCy! (CS?C! KH! ]J;]! CSfeRC! c;\! ;HHC?]CB! >e! \UBK^R! ;fKBCv! ]JC! CSSU>QCRCS]!\JU^QB![;K\C!U[!;]!QC;\]![CR;KS!]JC!\;RCy!

7JKQC!]JC!>KUHKQR!?;S!;HHC?]!]JC!UdeICS![CB^?]KUS![C;?]KUSv!K]!K\!;Q\U!KS]C[C\]KSI!]U!>C]]C[!^SBC[\];SB!]JC! ?J;SIC\!KS!]JC!\];KSQC\\!\]CCQ!Y;\\KbC!HKQR!?URYU\K]KUSy!)]!J;\!>CCS!KSbC\]KI;]CB!;??U[BKSI!]U!]JC!UdeICS! [CB^?]KUS!>e!,C! UfC?!C]!;Qyv!ìëëí!;SB!]JC!JKIJC\]!?^[[CS]!BCS\K]e!ICSC[;]CB!>e!UdeICS![CB^?]KUS!c;\! Y;[]Qe!?USSC?]CB!cK]J!]JC!&C ì¶ !?US]CS]!UH!]JC!Y;\\KbC!HKQRy!

íyñyìyìy !9./#)!!#$0/,92):94)/.!!

! íî! ).42/#5!4)/. ! !

4JCU[C]K?;QQev!K]!K\!;Q\U!YU\\K>QC!]J;]!;!BC?[C;\C!KS!]JC!Y;\\Kb;]KUS!?^[[CS]!BCS\K]e!?U^QB!KS?[C;\C!]JC!/!0! ;\!\JUcS!KS!&KI^[C!óy!

!

7QO\YM! ,%! BKPMTI[QK! WVSIYQaI[QVU! K\Y]M! NVY! Z[IQUSMZZ! Z[MMS% ! 9!

3 4 BC?[C;\C!UH!Y;\\Kb;]KUS!?^[[CS]!BCS\K]e!cU^QB!?J;SIC! /B ]U! /By!9\!;!

[C\^Q]v!]JC!RC;\^[CB!YU]CS]K;Q!á;Q\U![CHC[[CB!;\!$ ?U[[ à!cU^QB![;K\C!H[UR!

3 6 )>ACC !]U! )>ACC y!9B;Y]CB!H[UR!á,K]]QC!C]!;Qyv!ìëëôày!

!

-;[^]J;R^]J^!C]!;Qyv!íööóv!Y[UYU\CB!;!RUBCQ!>;\CB!US!]JC!BC?[C;\C!UH!]JC!Y;\\Kb;]KUS!?^[[CS]!>e!;S! KS?[C;\C! KS! ]JC! Y;\\KbC! HKQR! ]JK?PSC\\y! 4JCe! ;[I^C! ]J;]! ]JC! Y[UB^?]KUS! UH! ;SKUS\! >e! ]JC! RK?[U>K;Q! RC];>UQK\R! c;\! [C\YUS\K>QC! HU[! ]JC! BC?[C;\C! KS! CQC?][US! BUSU[\! Y[C\CS]! KS! ]JC! Y;\\KbC! HKQR! >e! SC^][;QKf;]KUS!UH!Cd?C\\!?;]KUS\y!4JC!KS?[C;\KSI!HKQR!]JK?PSC\\!>e!;SKUS\!?US]KS^U^\Qe!Y[UB^?CB!>e!]JC! >KUHKQR!K\!;!Y[U?C\\!]J;]!?;S!\][CSI]JCS!]JC!UdKBC!HKQR!;SB!R;PC!K]!RU[C!\];>QCy!4J;]!\];>KQK]e!R;e!CdYQ;KS! cJe!\URC!\];KSQC\\!\]CCQ!?;S![C\K\]!YK]]KSI!?U[[U\KUS!cJKQC!]JC!CSSU>QCRCS]!J;\!\JKH]CB!]JC!YU]CS]K;Q!

íï ! ).42/#5!4)/. ! ! b;Q^C!;>UbC!]JCK[!?[K]K?;Q!YK]]KSI!?U[[U\KUS!YU]CS]K;Qy!4JCe!BK\?^\\CB!]JC![UQC!UH!\KBC[UYJU[C\v!cJK?J!;[C! K[US! ?JCQ;]U[\! Y[UB^?CB! ^SBC[! SC^][;Q! Y(! ?USBK]KUSy! 3KBC[UYJU[C\! ;?]! ;\! ?U[[U\KUS! KSJK>K]U[v! cJKQC! \][CSI]JCSKSI!Y;\\KbC!HKQR!US!Y;\\KbC!;QQUe\!á$;\Jc;[!;SB!-;[^]J;R^]J^v!íööñày!

4JC\C!;^]JU[\!;Q\U!Y[UYU\CB!;!SC^][;Q!Y(!RUBCQ!UH!]JC!]K];SK^R!CSSU>QCRCS]!á$;\Jc;[!C]!;Qyv!íööñ>w! $;\Jc;[!;SB!-;[^]J;R^]J^v!íööñàv!cJC[C!>;?]C[K;!;[C![C\YUS\K>QC!UH!;S!;?KBKHK?;]KUS!UH!]JC!>KUHKQR! ^SBC[!B;[P!?USBK]KUS\v!cJKQC!BK;]UR\!?U^S]C[!]JC!;?KB!CHHC?]!^SBC[!QKIJ]!CdYU\K]KUS\y!4JC!SC^][;Q!Y(!K\! SU]![C\YUS\K>QC!HU[!]JC!CSSU>QCRCS]v!>^]![;]JC[!;!BC?[C;\C!KS!]JC!Y;\\KbC!?^[[CS]!BCS\K]e!;\!U>\C[bCB! >e!]JC!;^]JU[\y!4JCK[!?US?Q^\KUS!K\!]J;]!]JC!>KUHKQR!CSJ;S?C\!Y;\\KbK]ev!KS?[C;\KSI!]JC!]K];SK^R!YU]CS]K;Qy! 4JC!CSJ;S?C!Y;\\KbK]e!R;e!CdYQ;KS!cJe!]JC!CSSU>QCB!YU]CS]K;Qv!cJK?J!K\!UH]CS!;>UbC!]JC!?[K]K?;Q!YK]]KSI! YU]CS]K;Qv![CR;KS\!\];>QC!cK]JU^]!?;^\KSI!;Se!YK]]KSI!?U[[U\KUSy!4JC!\;RC!;^]JU[\!BCRUS\][;]CB!]J;]! \^SQKIJ]![;BK;]KUS!KSJK>K]CB!]JC!CSSU>QCRCS]!á$;\Jc;[!C]!;Qyv!íööñ;ày!!

/]JC[!CdYC[KRCS]\!?;[[KCB!U^]!>e!8K;SI>U!C]!;Qyv!ìëëòv!J;bC!BC\?[K>CB!;S!;SUBK?!BCYUQ;[Kf;]KUS!;\!]JC! R;KS![C;\US!HU[!]JC!CSSU>QCRCS]y!4JCe!U>\C[bCB!;!BC?[C;\CB!Y;\\KbC!?^[[CS]!BCS\K]e!;SB!;S!KS?[C;\CB! YK]]KSI!YU]CS]K;Q!US?C!]JC!YU]CS]K;Q!J;B![C;?JCB!K]\!JKIJC\]!b;Q^Cy!

cVgVeV ! =*2#0=2(-,+-%+2'#+0#"3!2(-,+0#=!2(-, +

4JC!?US?CS][;]KUS!UH!]JC![CBUd![C;?];S]\!;\!cCQQ!;\!]JC!PKSC]K?!UH!]JC!]cU!J;QHÉ[C;ß?]KUS!?;S!KRY;?]!]JC! YU]CS]K;Qy! ^]!]JC[C!K\!;!]JK[B!c;e!]U!]JCU[C]K?;QQe!KS?[C;\C!]JC!/!0v!;SB!]J;]!K\!]U!KSbUQbC!U]JC[!CQCRCS]\! KS!]JC![CB^?]KUS![C;?]KUSy!!

4JC!;BBK]KUS!UH!;SU]JC[!UdKB;S]!cK]J!;!JKIJ!\];SB;[B!YU]CS]K;Q!cU^QB!KS?[C;\C!]JC!U>\C[bCB!/!0y!4JC! ]cU!CQCRCS]\!ICSC[;QQe!?US\KBC[CB!;[C!JeB[UICS!YC[UdKBC!;SB!R;SI;SC\C!UdKBC!;\!]JCe!?;S!>C?URC! Y[C\CS]!KS!]JC!CSbK[USRCS]y!

íyñyîyíy !(9#2/'$.!0$2/8)#$ !

4JC!UdeICS![CB^?]KUS!>e!;C[U>K?!>;?]C[K;!KSbUQbC\!]JC!HU[R;]KUS!UH![C;?]KbC!UdeICS!\YC?KC\!;\!]JC!HU^[! CQC?][US\! [CB^?]KUS! UH! UdeICS! ?;S! >C! BC?URYU\CB! KS]U! ]cU! \]CY\y! /SC! KSbUQbC\! ]JC! HU[R;]KUS! UH!

! íñ! ).42/#5!4)/. ! !

JeB[UICS! YC[UdKBC! >e! ]JC! \^YC[UdKBC! BK\R^];\C! CSfeRCv! cJK?J! K\! ]JCS! BCI[;BCB! >e! ?;];Q;\C! U[! YC[UdKB;\C!á-;BKI;S!C]!;Qyv!ìëíïày!!

9R;e;! ;SB! -Ke^PKv! íööïv! Y[UYU\CB! ]JC! Y[C\CS?C! UH! \^>\];S?C\! UH! JKIJC[! [CBUd! YU]CS]K;Q!KS! R;]^[C! >KUHKQR\y!,C! UfC?v!ìëëëv!J;bC!RC;\^[CB!JeB[UICS!YC[UdKBC!?US]CS]!KS!]JC![;SIC!UH!í!R-!KS!;!>KUHKQR! ;H]C[!ìë!B;e\!KS!\C;c;]C[!;SB!-;[?USSC]!C]!;Qyv!ìëëôv!J;bC!RC;\^[CB!ëyìö!R-!UH!JeB[UICS!YC[UdKBC!KS! S;]^[;QQe!I[UcS!>KUHKQR!KS!H[C\Jc;]C[!cK]J!CSSU>QCRCS]y!7;\JKf^!C]!;Qyv!ìëëïv!\JUcCB!;!\C;\US;Q!?J;SIC! UH!/!0!cK]J!JKIJC[!b;Q^C!B^[KSI!\^RRC[!á¶!ëyîñë!6!b\!3($à!?URY;[CB!]U!cKS]C[!á¶!ëyëñë!6!b\!3($ày! (eB[UICS!YC[UdKBC!HQ^?]^;]C\!>C]cCCS!JKIJC[!b;Q^C!KS!\^RRC[!;SB!QUcC[!KS!cKS]C[y!4JC!;BBK]KUS!UH! ?;];Q;\C!CSfeRC\v!cJK?J!BC?URYU\C!JeB[UICS!YC[UdKBC!]U!c;]C[!;SB!UdeICSv!BC?[C;\CB!]JC!/!0!>e! ëyîëë!6!á#^YUS]!C]!;Qyv!íööôw!7;\JKf^!C]!;Qyv!ìëëïày!

,;SBU^Q\K!C]!;Qyv!ìëëô>v!ìëëô;v!ìëëöv!KSbC\]KI;]CB!]JC!CSfeR;]K?!;?]KbK]e![C\YUS\K>QC!UH!]JC!CSSU>QCRCS]y! 4JCe!?JU\C!]U!RKRK?!]JC!UdeICS!?US\^RY]KUS!;SB!JeB[UICS!YC[UdKBC!Y[UB^?]KUS!cK]J!]JC!^\C!IQ^?U\C! UdKB;\C!cJK?J!UdKBKfC!IQ^?U\C!]U!IQ^?USUQ;?]USC!;SB![CB^?C!UdeICS!]U!JeB[UICS!YC[UdKBCy!4JCe!CdYU\CB! \];KSQC\\! \]CCQ! YQ;]C\! BK[C?]Qe! ]U! JeB[UICS! YC[UdKBC! ;SB! ]U! IQ^?U\C! ;SB! IQ^?U\C! UdKB;\C! KS! ;C[;]CB! ?USBK]KUS\y!(eB[UICS!YC[UdKBC!?US?CS][;]KUS\!cC[C!;[U^SB!ì!R-v!cJK?J!K\!;YY[UdKR;]CQe!ò!]KRC\!RU[C! ]J;]!S;]^[;Q!b;Q^C\!á-;[?USSC]!C]!;Qyv!ìëëôày!4JC!/!0!KS?[C;\CB!Z^K?PQe!cK]J!JeB[UICS!YC[UdKBC!;SB!;! \KRKQ;[!KS?[C;\C!c;\!RC;\^[CB!KS!Y[C\CS?C!UH!IQ^?U\C!UdKB;\C!cK]J!;!\QKIJ]!BCQ;e!B^C!]U!]JC!CSfeR;]K?! ;?]KbK]e!KS!]JC!Y[UB^?]KUS!UH!JeB[UICS!YC[UdKBC!á&KI^[C!òày!4JCe!;S;QefCB!]JC![;]KU!UH!K[US!;SB!?J[URK^R! UdKBC! UH! ]JC! Y;\\KbC! Q;eC[! ;SB! ?US?Q^BC! ]J;]! JeB[UICS! YC[UdKBC! BUC\! SU]! J;bC! ;S! KSHQ^CS?C! US! ]JC! ?JCRK?;Q!S;]^[C!UH!]JC!Y;\\KbC!HKQRv!>^]![;]JC[!BK[C?]Qe!KSHQ^CS?C!]JC!/!0v!CK]JC[!;BBCB!U[!Y[UB^?CB!cK]J! IQ^?U\C!UdKB;\Cy!

íó! ! ).42/#5!4)/. ! !

7QO\YM!-%!6]VS\[QVU!VN!Z[IQUSMZZ!Z[MMS!WV[MU[QIS!IZ!N\UK[QVU!VN!QTTMYZQVU![QTM% !á;à!KS! \eS]JC]K?!H[C\J!c;]C[v!á>à!;H]C[!;BBK]KUS!UH!JeB[UICS!YC[UdKBC!;SB!á?à!;H]C[!KS][UB^?]KUS!UH! IQ^?U\C!UdKB;\C!;SB!IQ^?U\C!á,;SBU^Q\K!C]!;Qyv!ìëëô>ày!

:J;SI! C]! ;Qyv! ìëëöv! J;bC! BCbCQUYCB! ;! BCbK?C! ?;QQCB! cK[C! >C;R! CQC?][UBC! HU[! YU]CS]K;Q! ;SB! ?^[[CS]! RC;\^[CRCS]\! US! ;! \^[H;?Cy! )]! JKIJQKIJ]\! YU]CS]K;QÇ?^[[CS]! Y;]]C[S\! ;SB! BK\][K>^]KUS! KS! ;S! ;[]KHK?K;Q! >KUHKQR!;SB!\];KSQC\\!\]CCQ!KS]C[H;?Cy!4JCe!Q;]C[!^\CB!]JK\!\e\]CR!]U!\]^Be!]JC!CHHC?]!UH!IQ^?U\C!UdKB;\C! ;SB!]JC!Y[UB^?]KUS!UH!JeB[UICS!YC[UdKBC!á7;SI!C]!;Qyv!ìëëö>ày!4JC!YU]CS]K;Q!c;\!SU]!CbCSQe!BK\][K>^]CB! ;\!]JC!IQ^?U\C!UdKB;\C!?;Y\^QC\y!!;]JUBK?!?^[[CS]!fUSC\!cC[C!\^[[U^SBCB!>e!;SUBK?!fUSC\y!3^?J!;!]UUQ! BUC\!SU]!^\C!;!^SKHU[R!\];KSQC\\!\]CCQ!\^[H;?C!>^]!R;Se!\R;QQ!\];KSQC\\!\]CCQ!cK[C\!CS][;YYCB!KS!KS\^Q;]KSI! CYUde! [C\KSy! 7;SI! C]! ;Qyv! ìëëö;v! J;bC! \JUcS! ]J;]! ]JC! ;BBK]KUS! UH! JeB[UICS! YC[UdKBC! QC;B\! ]U! ]JC! CSSU>QCRCS]!;\!cCQQ!;\!;S!KS?[C;\CB![K\P!UH!?[CbK?C!?U[[U\KUSy!!

4JC!Y[C\CS?C!UH!JeB[UICS!YC[UdKBC!R;e!>C!CSU^IJ!]U!][KIIC[!;S!KS?[C;\C!UH!/!0v!>^]!K]\!KRYU[];S?C!KS! [C;Q!?USBK]KUS\!K\!SU]!eC]!BCHKSCB!;\!CdYC[KRCS]\!cC[C!?;[[KCB!U^]!KS!Q;>U[;]U[e!?USBK]KUS\!;SB!cK]J!JKIJ! ?US?CS][;]KUS!UH!JeB[UICS!YC[UdKBCy!4JK\!K\!;QQ!]JC!RU[C![CQCb;S]!KS!]JC!Y[C\CS?C!UH!UdeICS![C\YK[KSI!

! íò! ).42/#5!4)/. ! !

U[I;SK\R\v!\KS?C!JeB[UICS!YC[UdKBC!K\!ICSC[;QQe!BC?URYU\CB! >e!?;];Q;\C!;SB!YC[UdKB;\C!]U!Y[CbCS]! B;R;IC\!B^C!]U!K]\!>KUQUIK?;Q!]UdK?K]ey!

íyñyîyìy !-9.'9.$3$!/8)#$ !

)S!R;SI;SC\C![K?J!CSbK[USRCS]\!QKPC!H[C\Jc;]C[![KbC[\v!R;SI;SC\C!UdKBC\!á-S/ ìà!?;S!>C![CB^?CB!]U! R;SI;SC\C! ))! á-S ¶ì à! ;SB! ?US][K>^]C! ]U! ]JC! \];KSQC\\! \]CCQ! CSSU>QCRCS]! á#K?PKS\US! C]! ;Qyv! íööóày!

ì¶ -;SI;SC\C!UdKBKfKSI!>;?]C[K;!á-/ à!;[C!;>QC!]U!UdKBKfC!\UQ^>QC!-S !]U!KS\UQ^>QC!-S/ ì!?U^YQCB!cK]J! ]JC! [CB^?]KUS! UH! UdeICSy! 4JC\C! >;?]C[K;! cU^QB! >C! ;>QC! ]U! KSHQ^CS?C! CSSU>QCRCS]! >e! [C?e?QKSI! ]JC!

KS\UQ^>QC!-S/ ì!cJK?J!K\!]JCS![CB^?CB!KS!]JC!?;]JUBK?![C;?]KUS!J;YYCSKSI!US!]JC!\^[H;?C!UH!]JC!\];KSQC\\! \]CCQ!á,KSJ;[B]v!ìëëów!/QC\CS!C]!;Qyv!ìëëëày!!

4JC!?US][K>^]KUS!UH!-/ !J;\!>CCS!\JUcS!KS!H[C\Jc;]C[!\e\]CR\v!U[!C\]^;[KSC!;[C;![K?J!KS!R;SI;SC\C! á [;^IJ]US! C]! ;Qyv! ìëëíw! #K?PKS\US! ;SB! ,Cc;SBUc\PKv! íööôw! ,KSJ;[B]v! ìëëïv! ìëëów! -;[?USSC]! C]! ;Qyv! ìëëôày!

4U!^SBC[\];SB!]JC![UQC!UH!]JC!R;SI;SC\C!UdKBC!KS!]JC!CSSU>QCRCS]v!#K?PKS\US!C]!;Qyv!íööóv!J;bC!^\CB! \^QHK]C!]U![CRUbC!R;SI;SC\C!UdKBC!H[UR!]JC!\^[H;?C!UH!;S!CSSU>QCRCS]!?U^YUS!cK]J!;!>KUHKQRy!9\!;! [C\^Q]v!]JC!/!0!B[UYYCB!]U!QUc!b;Q^C\!?QU\C!]U!]JC!?US][UQ!?U^YUS\!cK]JU^]!>KUHKQR\y!4JCe!;Q\U!U>\C[bCB! ]J;]!;!R;SI;SC\C!UdKBC!?U;]KSI!c;\!;>QC!]U!KS?[C;\C!]JC!YU]CS]K;Q!KS!;!\KRKQ;[!c;e!]J;S!;!>KUHKQRy!'`RYCQ! C]! ;Qyv! ìëëóv! J;bC! \JUcS! ]J;]! ]JC! ;BBK]KUS! UH! ;! JKIJ! ?US?CS][;]KUS! UH! R;SI;SC\C! KS! ]JC! H[C\Jc;]C[! KSU?^Q^R!QCB!]U!;!Z^K?PC[!/!0!KS?[C;\C!>^]!H;KQCB!]U![C;?J!S;]^[;Q!CSSU>QCRCS]!b;Q^C\y!4JC!;^]JU[\! ;[I^CB!]J;]!Cd?C\\!;RU^S]!UH!R;SI;SC\C!UdKBC!?U^QB!J;bC![CB^?CB!]JC!\^[H;?C!;b;KQ;>KQK]e!UH!\];KSQC\\! \]CCQ!HU[!]JC!>;?]C[K;y!

4JC!ICS^\! ):EHDH=F>L59>G8DE=DF6 v!cJK?J!K\!;!PSUcS!-/ v!c;\!^\CB!KS!Y^[C!?^Q]^[C!?USBK]KUS\!]U!;\\C\\! ]JC!CHHC?]!US!]JC!/!0y!)]!c;\!;>QC!]U!][KIIC[!CSSU>QCRCS]!US!\];KSQC\\!\]CCQ!á3JK!C]!;Qyv!ìëëìv!ìëëîà!;SB! IQ;\\e!?;[>US!á.I^eCS!C]!;Qyv!ìëëòày! ):EHDH=F>L59>G8DE=DF6 !KS!Y^[C!?^Q]^[C!c;\![C\YUS\K>QC!HU[!YK]]KSI! ?U[[U\KUS!UH!\];KSQC\\!\]CCQ!US?C!]JC!/!0!c;\!KS?[C;\CB!;SB!cK]J!;BBK]KUS!UH!\UBK^R!?JQU[KBC!á'CK\C[!C]! ;Qyv!ìëëìày!

íô! ! ).42/#5!4)/. ! !

cVhV !+ 2 #+.#0=230#+#%%#!2 +

3CbC[;Q!cU[P\!J;bC![CYU[]CB!]J;]!]JC!CSSU>QCRCS]!c;\!KSJK>K]CB!;]!]CRYC[;]^[C!;>UbC!îöé!!HU[!JC;]CB! \C;c;]C[!KS! [C\]!á4JKC[[e!C]!;Qyv!ìëíñà!á&KI^[C!ôày!3?U]]U!C]!;Qyv!íöôóv!J;bC!\JUcS!]J;]!]JC!/!0!BKB!SU]! KS?[C;\CB!;]!ïëé!!KS!JC;]CB!-CBK]C[[;SC;S!\C;c;]C[!á)];Qeày!'`RYCQ!C]!;Qyv!ìëëóv!J;bC!\JUcS!]J;]!]JC! CSSU>QCRCS]!c;\!SU!QUSIC[!U>\C[bCB!;>UbC!ïëé!!KS!]JC! H[C\Jc;]C[! UH! ]JC! [KbC[! 2JKSCy! U]J! ]C;R\! ;\\^RCB!]J;]!;!QU\\!UH!>;?]C[K;Q!;?]KbK]e!c;\![C\YUS\K>QC!HU[!]JC!;>\CS?C!UH!CSSU>QCRCS]y!#^YUS]!C]!;Qyv! íööòv!U>\C[bCB!]JC!\;RC!?[K]K?;Q!]CRYC[;]^[C!CHHC?]!KS!\C;c;]C[!cK]J!KBCS]K?;Q!;RU^S]!UH!Cd][;?CQQ^Q;[! YUQeRC[K?! \^>\];S?C! >^]! BKHHC[CS]! >;?]C[K;! ;]! BKHHC[CS]! ]CRYC[;]^[C\y! 4JCe! ?US?Q^BC! ]J;]! BKHHC[CS]! >;?]C[K;Q!RC];>UQK\R\!?U^QB!QC;B!]U!CK]JC[!CSSU>QCRCS]!U[!SUSÉCSSU>QCRCS]!UH!\];KSQC\\!\]CCQ!;SB! CdYQ;KS!]JC!?[K]K?;Q!]CRYC[;]^[C!CHHC?]y!

! 7QO\YM!.%! :UNS\MUKM! VN! [PM! ZMI^I[MY! [MTWMYI[\YM! VU! [PM! VWMU! KQYK\Q[! WV[MU[QIS! VN! Z[IQUSMZZ!Z[MMS! CPQMYY`!M[!IS%#!(&'+!%! !

! íö! ).42/#5!4)/. ! !

)S!]JC!][UYK?;Q!?QKR;]C!UH!]JC!+Ce!7C\]!)\Q;SBv!&QU[KB;v!-;[]KS!C]!;Qyv!ìëëîv!J;bC!;Q\U!U>\C[bCB!;!Q;?P!UH! /!0!KS?[C;\C!;>UbC!ïëé!y! ^]!KS!QUcC[!;bC[;IC!]CRYC[;]^[C!\C;\!QKPC!]JC! ;Q]K?!3C;!á-;]]KQ;!C]!;Qyv!ìëëëà! ;SB!]JC!.U[]J!3C;!á ;[B;Q!C]!;Qyv!íööîàv!]JC!?[K]K?;Q!]CRYC[;]^[C!c;\!;[U^SB!îìé!y!(CS?Cv!>U]J!]JC!?[K]K?;Q! ]CRYC[;]^[C!;SB!]JC!;bC[;IC!\C;c;]C[!]CRYC[;]^[C!cC[C!QUcC[!HU[!]JC\C!]cU!ICUI[;YJK?;Q!QU?;]KUS\y!

cViV !-67&#,+#%%#!2 +

9S!C\\CS]K;Q!CSbK[USRCS];Q!H;?]U[!K\!]JC!Y[C\CS?C!UH!UdeICSy!)SBCCBv!^SBC[!;S;C[U>K?!?USBK]KUS\v!]JC! \JKH]!UH!YU]CS]K;Q!K\!SU!QUSIC[!U>\C[bCB!á#^YUS]!C]!;Qyv!íööòw!-UU\!;SB!'`RYCQv!ìëëôw!4JKC[[e!C]!;Qyv! ìëíñày!

!

! 7QO\YM!/%!?_`OMU!QUNS\MUKM!VU![PM!VWMU!KQYK\Q[!WV[MU[QIS!VN!Z[IQUSMZZ!Z[MMS!QU!ZMI^I[MY! CPQMYY`!M[!IS%#!(&'+!%! !

ìë ! ).42/#5!4)/. ! !

/deICS![CRUb;Q!KSB^?C!;!BC?[C;\C!KS!YU]CS]K;Q!cJK?J!K\!Z^K?PQe![CbC[\K>QC!á-UU\!;SB!'`RYCQv!ìëëôày! 4JKC[[e!C]!;Qyv!ìëíñv!J;bC!\JUcS!]J;]!KS]C[RCBK;]C!UdeICS!áîëë!YY>!]U!ó!YYRà!?US]CS]!BKB!SU]!?J;SIC! ]JC!PKSC]K?!UH!]JC!/!0!\JKH]y!4JC!;>\CS?C!UH!CSSU>QCRCS]!c;\!USQe!U>\C[bCB!^SBC[!íëë!YY>!UH!UdeICS! á&KI^[C!öày!!

4JC!SCCB!HU[!UdeICS!]U!U>\C[bC!/!0!CSSU>QCRCS]!K\!;S!;BBK]KUS;Q!?US][K>^]KUS!KS!H;bU[!UH!]JC!?;]JUBK?! BCYUQ;[Kf;]KUS!JeYU]JC\K\y!

! !

! ìí! ).42/#5!4)/. ! !

dV ! #*#!20-=!2(4#+ =!2#0(=+

/SC!UH!]JC!YU\\K>QC![C;\US\!]JC!/!0!?;S!>C!KS?[C;\CB!>e!]JC!RK?[UU[I;SK\R\!K\!>e!;S!CSJ;S?CB!UdeICS! [CB^?]KUS! J;YYCSKSI! US! ]JC! \^[H;?C! UH! ]JC! \];KSQC\\! \]CCQy! $SJ;S?CB! \];KSQC\\! \]CCQ! \^[H;?C! UdeICS! [CB^?]KUS!>e!RK?[UU[I;SK\R\!K\!;!YU\\K>QC![C;\US!HU[!/!0!KS?[C;\Cy!)S]C[C\]KSIQev!CQC?][URK?[U>KUQUIe!U[! ]JC!\]^Be!UH!RK?[U>K;Q!CQC?][US!Cd?J;SIC!cK]J!?USB^?]KbC!\^[H;?C\!á,UbQCev!ìëíìà!K\!;!HKCQB!KS!RK?[U>KUQUIe! \CCPKSI!]U!^SBC[\];SB!JUc!>;?]C[K;![CB^?C!UdeICS!US!]JC!\^[H;?C!UH!;S!CQC?][UBCy!

dVcV !#*#!20-+(!0- (-*-&7+ +

-K?[UU[I;SK\R\! [CQe! US! ]JC! UdKB;]KUS! UH! ;S! CQC?][US! BUSU[! ?U^YQCB! cK]J! ]JC! [CB^?]KUS! UH! CQC?][US! ;??CY]U[!]U!?US\C[bC!CSC[Ie!HU[!I[Uc]Jy!-U\]!UH!]JCR!^\C!\UQ^>QC!CQC?][US!BUSU[\!;SB!;??CY]U[\!>^]!KS! \URC!CSbK[USRCS]\!cJC[C!]JC[C!K\!;!Q;?P!UH!CK]JC[!\UQ^>QC!CQC?][US!BUSU[\!U[!;??CY]U[\v!RK?[UU[I;SK\R\! cC[C! HU^SB! ]U! >C! ;>QC! ]U! ^\C! KS\UQ^>QCÇ\UQKBÉ\];]C! ?URYU^SB\y! 4JC\C! >;?]C[K;! [CZ^K[C! Cd][;?CQQ^Q;[! CQC?][US!][;S\HC[!RC?J;SK\R\!]U!][;S\YU[]!CQC?][US!]U!;S!CQC?][US!;??CY]U[!U[!H[UR!;S!CQC?][US!BUSU[y! 4JC! HUQQUcKSI! ?J;Y]C[! cKQQ! BK\?^\\! ]JC! >;?]C[K;! KSbUQbCB! KS! ]JK\! Y[U?C\\v! ]JCK[! CQC?][US! ][;S\HC[\! RC?J;SK\R\v!]JCK[!;YYQK?;]KUS!;SB![CQ;]KUS\!cK]J!\];KSQC\\!\]CCQ!CSSU>QCRCS]y!

$QC?][U;?]KbC!>;?]C[K;!;[C!^\CB!;SB!\]^BKCB!KS!>KUCQC?][U?JCRK?;Q!\e\]CR!á $3à!cJK?J!?US\K\]\!UH!]cU! ?URY;[]RCS]\!cK]J!]cU!CQC?][K?;QQe!?USSC?]CB!CQC?][UBC\y!4JC!;SUBC!K\!]JC!CQC?][UBC!]J;]![C?CKbC\!]JC! CQC?][US! bK;! ]JC! UdKB;]KUS! [C;?]KUS! KS! USC! Y;[]! UH! ]JC!?CQQv!;SB!]JC!?;]JUBC! BCQKbC[\!CQC?][US!HU[!;! [CB^?]KUS![C;?]KUS!KS!]JC!U]JC[!Y;[]!UH!]JC!?CQQy!-K?[U>K;Q!H^CQ!?CQQ!á-&!à!;[C!;!Y[KRC!Cd;RYQC!UH! $3!KS! cJK?J! RK?[UU[I;SK\R\! ;[C! ^\CB! ]U! J;[bC\]! ;S! CQC?][K?;Q! ?^[[CS]y! ;?]C[K;! ;>QC! ]U! [CB^?C! KS\UQ^>QC! CQC?][US!;??CY]U[!?;S!;Q\U!^\C!]JC!;SUBCy!4JC\C!>;?]C[K;!]J;]!Y[UbKBC!CQC?][US!]U!]JC!;SUBC!J;bC!>CCS! ?;QQCB!9SUBCÉ[CB^?KSI!>;?]C[K;!á,UI;S!;SB!2CI;Sv!ìëëóàv!9SUBCÉ[C\YK[KSI!>;?]C[K;!á4U[[C\!C]!;Qyv!ìëëòàv! 9SUBUYJKQC!á0;[P!;SB!:CKP^\v!ìëëîàv!$QC?][K?KICS!á,UbQCev!ìëëóà!U[!$QC?][UICS!á/J!;SB!,UI;Sv!ìëëòày!

/S!]JC!U]JC[!\KBC!UH!]JC!-&!v!>;?]C[K;!;>QC!]U!^\C!]JC!?;]JUBC!;\!;S!CQC?][US!BUSU[!cC[C!?;QQCB!!;]JUBC! UdKBKfKSI!>;?]C[K;!á-;[]KS!C]!;Qyv!ìëííàv!!;]JUBUYJKQC!á2KS;QBK!C]!;Qyv!ìëëôàv!U[!$QC?][U][UYJ!á,UbQCev!ìëííày!

ìì! ! ).42/#5!4)/. ! !

4U!R;KS];KS!?US\K\]CS?ev!]JC!]C[R\!CQC?][UICS!;SB!CQC?][U][UYJ!cKQQ!>C!^\CB!KS!]JK\!]JC\K\!]U!BC\?[K>C! ]JC\C!]cU!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!RC];>UQK\R\y!!

;?]C[K;!J;bC!BCbCQUYCB!RC;S\!]U!;?JKCbCB!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[\!cJK?J!?;S!>C!BKbKBCB!KS]U! ]J[CC! ?;]CIU[KC\x! BK[C?]! CQC?][US! ][;S\HC[v! KSBK[C?]! CQC?][US! ][;S\HC[! ;SB! CQC?][US! ][;S\HC[! >C]cCCS! RK?[UU[I;SK\R\y! )S! ]JC! HK[\]! ?USBK]KUSv! ]JCe! ^\C! RCR>[;SC! >U^SB! ?URYQCdC\! ]J;]! ;[C! [CB^?CB! U[! UdKBKfCB!US!BK[C?]!?US];?]!cK]J!]JC!Cd][;?CQQ^Q;[!CQC?][US!BUSU[!U[!;??CY]U[y!

4JC!\C?USB!?;]CIU[ev!KSBK[C?]!CQC?][US!][;S\HC[!U[!RCBK;]CB!CQC?][US!][;S\HC[v![CZ^K[CB!]JC!>;?]C[K;!]U! \C?[C]C!Cd][;?CQQ^Q;[!RUQC?^QC\!]J;]!cKQQ!;?]!;\!CQC?][US! \J^]]QC\! >C]cCCS! ]JC! Cd][;?CQQ^Q;[! CQC?][US! BUSU[Ç;??CY]U[!Y[KU[!]U![C;>\U[Y]KUS!>e!]JC!>;?]C[K;y!

4JC! ]JK[B! RC?J;SK\R! K\! CQC?][US! ][;S\HC[! >C]cCCS! RK?[UU[I;SK\R\! cJK?J! K\! KSbUQbCB! KS! \eS][UYJK?! [CQ;]KUS\JKY\!cJCS!RU[C!]J;S!USC!\YC?KC\!;[C![CZ^K[CB!]U!I;KS!CSC[Ie!H[UR!;![C;?]KUSy!&U[!KS\];S?Cv! JeB[UICS!U[!HU[R;]C!?;S!>C!^\CB!;\!CQC?][US!\J^]]QC\!H[UR!HC[RCS]KSI!>;?]C[K;!]U!RC]J;SC!Y[UB^?KSI! ;[?J;C;! á3];R\! ;SB! 0Q^IICv! ìëëöày! !CQQ\! ]U! ?CQQ! CQC?][US! ][;S\HC[! J;\! ;Q\U! >CCS! Y[UYU\CB! HU[! {?;>QC! >;?]C[K;|!]J;]!?;S!?U^YQC!\^QHKBC!UdKB;]KUS!KS!R;[KSC!\CBKRCS]\!cK]J!UdeICS![CB^?]KUS!cK]J!CQC?][US! ][;S\HC[!UbC[!?CS]KRC]C[!\?;QC!KS!R;[KSC!\CBKRCS]!á0HCHHC[!C]!;Qyv!ìëíìày!!

dVdV !+ # *#!20-&#,(!+ =!2#0(= +

4JC[C! K\! ;! PSUcQCBIC! I;Y! >C]cCCS! CQC?][UICSK?! >;?]C[K;! ;SB! CQC?][U][UYJK?! >;?]C[K;v! ]JC! HK[\]! >CKSI! Cd]CS\KbCQe! \]^BKCB! ?URY;[CB! ]U! ]JC! \C?USB! USCy! )S! ]JC! Y[C\CS]! cU[Pv! cC! ;[C! RU[C! KS]C[C\]CB! KS! CQC?][U][UYJK?!>;?]C[K;!\KS?C! U^[!\e\]CR!KSbUQbC\!?;]JUBC\v!>^]!;!\JU[]![CbKCc!UH!]JC!cU[P!BUSC!US! CQC?][UICSK?!>;?]C[K;!K\![CZ^K[CB!;\!]JC!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!RC?J;SK\R\!cC[C!HK[\]!BC\?[K>CB! US! CQC?][UICSK?! >;?]C[K;v! ;SB! ;Q\U! >C?;^\C! \KRKQ;[! Y[U?C\\C\! ?U^QB! >C! [CbC[\K>QC! ;SB! KSbUQbCB! KS! CQC?][U][UYJK?!>;?]C[K;y!

!

! ìî! ).42/#5!4)/. ! !

!

7QO\YM!'&%!=IQU!M_[YIKMSS\SIY!MSMK[YVU![YIUZNMY!WI[P^I`Z!QU! "(.%$&1(/)02,)2//('2&(-0 #! #*(4$-(,,$) .-(+'(-0+0 ! IUL! &+'+1*+.%$&+,,20) )(//..5+'$-0 %! -1! RCS;Z^KSUSCv! &,! HQ;bKS\v!!0!?e]UYQ;\Rv!00!YC[KYQ;\Rv!!-!?CQQ^Q;[!RCR>[;SCv!/-!U^]C[!RCR>[;SCy!á3eBUc! C]!;Qyv!ìëíïày!

-;Se! &Cá)))à! [CB^?C[! ;[C! bC[e! IUUB! ;]! BCQKbC[KSI! CQC?][US! ]U! ;S! ;SUBCv! R;KSQe! >C?;^\C! KS! S;]^[;Q! CSbK[USRCS]\!]JCe!J;bC!]U!BUS;]C!CQC?][US!]U!\UQKBÉ\];]C!&Cá)))à!UdKBC!á,UbQCe!C]!;Qyv!ìëííày! %:D768H:F5 GIA;IFF:9I8:CG !;SB! /=:K6C:AA65DC:>9:CG>G !;[C!]cU!RUBCQ!>;?]C[K;!]J;]!;[C!PSUcS!&Cá)))à![CB^?C[!;SB! cC[C!Q;]C[!BC\?[K>CB!;\!;>QC!]U!][;S\HC[!CQC?][US!]U!;S!;SUBC!á USB!;SB!,UbQCev!ìëëîw!+KR!C]!;Qyv!íöööày! %P5GIA;IFF:9I8:CG !K\!>C]]C[!PSUcS!HU[!K]\!BK[C?]!CQC?][US!][;S\HC[!RC?J;SK\R\!;SB! /P5DC:>9:CG>G !HU[!]JC! ^\C!UH!RCBK;]CB!CQC?][US!][;S\HC[y!

2CI;[BKSI!]JC!BK[C?]!CQC?][US!][;S\HC[!RC?J;SK\R\v!]JC!PCe!RUQC?^QC!;[C!]JC!?e]U?J[URC\!Y[UB^?CB!>e! ]JC!>;?]C[K;v!R;KSQe!R^Q]KJCRC!;SB!RCR>[;SC!>U^SB!?É]eYC!?e]U?J[URC!á3JK!C]!;Qyv!ìëëòày!9[U^SB!íëë! UH!Y^];]KbC!?É]eYC!?e]U?J[URC\!J;bC!>CCS!KBCS]KHKCB!KS! %P5GIA;IFF:9I8:CG !á-CJ];!C]!;Qyv!ìëëñày!7JKQC!

ìï ! ).42/#5!4)/. ! !

/R?3!K\!]JC!C\\CS]K;Q!?e]U?J[URC!HU[!&Cá)))à![CB^?]KUS!KS! %P5GIA;IFF:9I8:CG v!;!BKHHC[CS]!USC!K\!KSbUQbCB!KS! CQC?][US!][;S\HC[!]U!]JC!;SUBCx!/R?:!á.CbKS!C]!;Qyv!ìëëöà!á&KI^[C!íëày! %P5GIA;IFF:9I8:CG !K\!;>QC!]U!I[Uc! ]JK?P!>KUHKQR!US!]JC!\^[H;?C!UH!;S!;SUBCv!cJK?J!Z^C\]KUS\!]JC!QUSI![;SIC!;>KQK]e!UH!]JC!?CQQ!]U!YC[HU[R! BK[C?]!CQC?][US!][;S\HC[y!$QC?][K?;QQe!?USB^?]KbC!]eYCÉ)6!YKQKv!;Q\U!?;QQCB!S;SUcK[Cv!J;bC!>CCS!KBCS]KHKCB!KS! %P5GIA;IFF:9I8:CG !á2CI^C[;!C]!;Qyv!ìëëñày!4JC!S;SUcK[C!K\!?UbC[CB!KS!?É]eYC!?e]U?J[URC!]J;]!Y[UbKBC\!]JC! ?USB^?]KbC!Y[UYC[]e!;SB!RK?[URC]C[ÉQUSI!BK\];S?C\!CQC?][US!][;S\HC[!;SB!]JK?PC[!>KUHKQR!US!;S!;SUBCy! /P5 DC:>9:CG>G ! K\! >C]]C[! PSUcS! HU[! K]\! RCBK;]CB! CQC?][US! ][;S\HC[! RC?J;SK\R\! >^]! SUSC]JCQC\\! J;\! R^Q]KYQC! ?É]eYC! ?e]U?J[URC\! á3JK! C]! ;Qyv! ìëëòày! 4JC! PCe! Y[U]CKS\! ;[C! -][!! ;SB! /R?9! US! ]JC! U^]C[! RCR>[;SC!UH!]JC!?CQQ!á&KI^[C!íëày!7JKQC!]JC\C!?e]U?J[URC\!?;S!YC[HU[R!BK[C?]!CQC?][US!][;S\HC[!]U!;S! ;SUBCv!]JCe!;[C!;Q\U!C\\CS]K;Q!]U![CB^?C!]JC!HQ;bKS!RCBK;]U[!KSbUQbCB!KS!RCBK;]CB!CQC?][US!][;S\HC[y! /P5 DC:>9:CG>G ! BUC\! SU]! J;bC! S;SUcK[CÉQKPC! \][^?]^[C! ;\! HU[! %P5 GIA;IFF:9I8:CG v! >^]! [;]JC[! Cd][;?CQQ^Q;[! Cd]CS\KUS!;]!]JC!RK?[URC]C[É\?;QC!á'U[>e!C]!;Qyv!ìëëów!0K[>;BK;S!C]!;Qyv!ìëíïày!

-CBK;]CB! CQC?][US! ][;S\HC[! [CQKC\! US! CQC?][US! \J^]]QC\x! U[I;SK?! ?URYU^SB\! ]J;]! ?;S! >C! [CbC[\K>Qe! [CB^?CB! ]U! ][;S\HC[! CQC?][US! ]U! ]JC! ;SUBCy! 4JCe! ?;S! >C! ;[]KHK?K;QQe! ;BBCB! ]U! ]JC! RCBK^R! ]U! JCQY! CQC?][U;?]KbC!á3^SB!C]!;Qyv!ìëëòà!;SB!SUSÉCQC?][U;?]KbC!á0J;R!C]!;Qyv!ìëëôà!]U!KS]C[;?]!cK]J!;S!;SUBCy! $QC?][US!\J^]]QC\!?;S!;Q\U!>C!\C?[C]CB!>e!>;?]C[K;v!\^?J!;\! /P5DC:>9:CG>G v!cJK?J!Y[UB^?CB!HQ;bKS!RUQC?^QC\! QKPC![K>UHQ;bKS!;SB!HQ;bKS!RUSUS^?QCU]KBC!á!;S\]CKS!C]!;Qyv!ìëëôw!-;[\KQK!C]!;Qyv!ìëëôà!á&KI^[C!íëày!3URC! RCR>[;SC!>U^SB!?e]U?J[URC\!á-][!v!/R?9à!;[C!^\CB!]U![CB^?C!;SB![C?e?QC!]JC!Cd][;?CQQ^Q;[!HQ;bKS! RUQC?^QC\!á [^]KSCQ!;SB!'[;QSK?Pv!ìëíìày!/]JC[!?URYU^SB\!KSbUQbC!YJCS;fKSC\v!QKPC!]JC!USC!Y[UB^?CB!>e! -G:I9DBDC6G5GE y!á0J;R!C]!;Qyv!ìëëôày!

dVeV !+ # *#!20-20-.'(!+ =!2#0(= +

!USbC[\CQev!\URC!>;?]C[K;!;[C!;>QC!]U!^\C!;!?;]JUBC!;\!;S!CQC?][US! BUSU[!á3eBUc!C]!;Qyv!ìëíïày!4JC! ;\\U?K;]CB![CB^?]KUS!?;S!>C!UdeICS!á2;>;Ce!C]!;Qyv!ìëëôàv!SK][;]C!á'[CIU[e!C]!;Qyv!ìëëïàv!SK][K]C!á!Q;^c;C[]!

C]! ;Qyv! ìëëòàv! Y[U]US! á2UfCSB;Q! C]! ;Qyv! ìëëôàv! !/ ì! á!JCSI! C]! ;Qyv! ìëëöw! .CbKS! C]! ;Qyv! ìëííà! U[! U[I;SK?! ?US];RKS;S]\!á3][e?J;[f!C]!;Qyv!ìëëôày!-U\]!CQC?][U][UYJK?!>;?]C[K;!J;bC!;S!;^]U][UYJK?!RC];>UQK\Rv! >P:P !

]JCe!^\C!!/ ì!;\!\UQC!?;[>US!\U^[?C!á0JKQKY\!C]!;Qyv!ìëíñày!

! ìñ! ).42/#5!4)/. ! !

3URC!>;?]C[K;Q!?URR^SK]KC\!I[UcS!US!;S!;SUBC!cC[C!;>QC!]U!B[;c!CQC?][US\!H[UR!;!?;]JUBC!;\!cCQQ! á!JCSI!C]!;Qyv!ìëíëw!2KR>U^B!C]!;Qyv!ìëíòw!2UfCSB;Q!C]!;Qyv!ìëëôày!4JK\!\^IIC\]\!]J;]!]JC!Cd][;?CQQ^Q;[! CQC?][US!][;S\HC[!^\CB!;]!]JC!;SUBC!?U^QB!>C![CbC[\CBy! KUHKQR\!cK]J! /P5DC:>9:CG>G !cC[C!BC\?[K>CB!;\!;>QC! ]U!^\C!;!?;]JUBCv!JCS?C!^\KSI!]JC!\;RC!RCBK;]CB!CQC?][US!][;S\HC[!-][!Y;]Jc;e!>^]![CbC[\CB!á2U\\!C]! ;Qyv!ìëííày! %P5GIA;IFF:9I8:CG !K\!;Q\U!;>QC!]U!\cK]?J!H[UR!;S!CQC?][UICSK?!RC];>UQK\R!]U!;S!CQC?][U][UYJK?! cJKQC!\]KQQ!^\KSI!;!BK[C?]!CQC?][US!][;S\HC[!RC?J;SK\R!á'[CIU[e!C]!;Qyv!ìëëïày!(UcCbC[v!]JC!?e]U?J[URC\! ;SB!YKQK!KSbUQbCB!;]!]JC!;SUBC!;[C!SU]!C\\CS]K;Q!]U!B[;c!CQC?][US!H[UR!]JC!?;]JUBCv!>^]!;SU]JC[!RUSUÉ JCRC!?e]U?J[URC!á'35îìòï! É!&KI^[C!íëà!K\![CZ^K[CB!\^IIC\]KSI!;!BKHHC[CS]!CQC?][US!^Y];PC!Y;]Jc;e! á3][e?J;[f!C]!;Qyv!ìëííày!!

dVeVcV ! -67&#,+0#"3!(,&+#*#!20-20-.' +

)S!\C;c;]C[v!]JC!UdKB;S]!cK]J!]JC!JKIJC\]!YU]CS]K;Q!K\!UdeICSv!;SB!\URC!>;?]C[K;!;[C!;>QC!]U!?U^YQCB! UdeICS![CB^?]KUS!cK]J!CQC?][US!B[;cS!H[UR!;!?;]JUBCy!4JC!HUQQUcKSI!Y;[]!K\!;>U^]!]JC!KBCS]KHKCB!>;?]C[K;! ;\\U?K;]CB!cK]J!CQC?][U][UYJK?!RC];>UQK\Ry!

2;>;Ce!C]!;Qyv!ìëëôv!J;bC!^\CB!;!?;[>US!?;]JUBC!UYCS!]U!;K[!KS!;!RK?[U>K;Q!H^CQ!?CQQ!\e\]CR!cK]J!RC;\^[CB! ?^[[CS]! BCS\K]e! ^Y! ]U! ììë! ¨9Ç?R ìy! 4JCe! KBCS]KHKCB! ]J[CC! R;OU[! QKSC;IC\v! /E=>CIB ! á 68H:FD>9:H:G àv! 28>C:HD768H:F ! á %6B6EFDH:D768H:F>6 àv! 28>9DJDF6L ! á :H6EFDH:D768H:F>6 ày! 4JCe!

\^??C\\H^QQe!K\UQ;]CB!;! /E=>CIB !;SB!;S! 28>C:HD768H:F !cK]J!;S!CS[K?JRCS]!^\KSI!( ìÇ/ ì!RCBK^Rv! cJK?J!K\!Z^K]C!H;[!H[UR!SU[R;Q!\C;c;]C[!?USBK]KUS\y!!

$[;>QC!C]!;Qyv!ìëíëv!^\CB!CQC?][UBC!YUQ;[KfCB!;]!Éìïñ!R6!áb\!3!$à!]U!CS[K?JCB!>KUHKQR!cK]J!CQC?][U;?]KbC! >;?]C[K;!;SB!]JCS!^\C!K]!;\!KSU?^Q^R! HU[!CQC?][U?JCRK?;Q![C;?]U[\y!4JCe!USQe![C;?J!]JC!>C\]!?^[[CS]! BCS\K]e!b;Q^C!áóë!¨9Ç?R ìà!cK]J!?US]KS^U^\Qe![CSCcCB!HKQ]C[CB!\C;c;]C[!\^IIC\]KSI!]JC!SCCB!HU[!S^][KCS]! [CSCc;Qy! 3URC! >;?]C[K;! cC[C! K\UQ;]CB! H[UR! ]JC! RKdCB! ?URR^SK]e! CS[K?JRCS]x! 28H>CD768H:F>6 v! %6BB6EFDH:D768H:F>6 v! $A6JD768H:F>68:6: ! ;SB! $>FB>8IH:G y! /SQe! 3>CD;:FDFIB ! ;SB! 28>C:HD768H:F5 ?D=GDC>> ! cC[C! ;>QC! ]U! ICSC[;]C! ;! ?^[[CS]! BCS\K]e! cJCS! ^\CB! ;\! Y^[C! ?^Q]^[C! KS! ]JC! CQC?][U?JCRK?;Q! >KU[C;?]U[\y! 4JC! ?^[[CS]! BCS\K]e! Y[UB^?CB! c;\! ò•! ;SB! î•v! [C\YC?]KbCQev! UH! ]JC!

ìó! ! ).42/#5!4)/. ! !

R;dKR^R!?^[[CS]!BCS\K]e![C;?JCB!cK]J!]JC!cKQB!>KUHKQRv!cJK?J!\^IIC\]!;!\][USI!\eSC[IC]K?!CHHC?]!KS! RKdCB!?URR^SK]KC\y!

2KR>U^B!C]!;Qyv!ìëíòv!BC\KISCB!]J[CC!RC]JUB\!]U!U>];KS!UdeICS![CB^?KSI!>KUHKQR!US!>KU?;]JUBCx!UYCS! ?K[?^K]!?USBK]KUS\v!;C[U>K?!YUQ;[Kf;]KUS!]U!Éìëë!R6!áb\!3!$àv!;SB![CbC[\KUS!UH!;S!;S;C[U>K?!>KU;SUBCy! 9C[U>K?! YUQ;[Kf;]KUS! QC;B! ]U! ]JC! >C\]! ?^[[CS]! BCS\K]e! ;SB! ]JC! >;?]C[K;Q! ?URR^SK]e! c;\! B[KbCS! >e! /EDFDG6F8>C6 ! á $>FB>8IH:G à! ;SB! F:JIC9>BDC6G ! á 2AE=6EFDH:D768H:F>6 ày! 7K]J! ?e?QK?! bUQ];RRC][ev! ]JCe! Y[UYU\CB!]J;]!BK[C?]!CQC?][US!][;S\HC[!c;\!^\CB!KS!;QQ!?USBK]KUS\v!cJKQC!]JC!RCBK;]CB!CQC?][US!][;S\HC[! RC?J;SK\R!c;\!USQe!^\CB!KS!]JC!;C[U>K?!YUQ;[Kf;]KUS!?USBK]KUS\y!

0;[U]!C]!;Qyv!ìëëöv!J;bC!^\CB!I[;\\!?URYU\]!]U!;\\C\\!]JC!YU\\K>QC!>;?]C[K;!;>QC!]U!I[Uc!US!;!?;]JUBCy! 4JCe!HU^SB! #CH:FD768H:F !;SB! -G:I9DBDC6G !;\!;>QC!]U!?;];QefC!]JC![CB^?]KUS!UH!UdeICSy!!

-KQSC[!C]!;Qyv!ìëíóv!J;bC!^\CB!;?]Kb;]CB!\Q^BIC!H[UR!;!c;\]Cc;]C[!][C;]RCS]!]U!KS?[C;\C!]JC!UdeICS! [CB^?]KUS!US!>KU?;]JUBC\y!4JC!YUcC[!U^]Y^]!cC[C!\KRKQ;[!]U!]JC!^\C!UH!]K];SK^R!?;]JUBC!;SB!>;?]C[K;Q! ?URR^SK]e!;S;Qe\K\![CbC;QCB!;!BURKS;S]!^SPSUcS! %6BB6EFDH:D768H:F>6 y!4JK\!>;?]C[K^R!c;\!?QU\C!]U! U]JC[! %6BB6EFDH:D768H:F>6 !HU^SB!US!>KU?;]JUBC\!á2U]J>;QQC[!C]!;Qyv!ìëíñày!

#C>^e!C]!;Qyv!ìëíñ!^\CB!\C;c;]C[!;\!KSU?^Q^R!HU[!]JC!>KUHKQR!US!]JC!?;]JUBCy!4JC!>;?]C[K;Q!?URR^SK]KC\! cC[C!;>QC!]U!ICSC[;]C!?^[[CS]!BCS\K]e!^Y!]U!ôë!¨9Ç?Rì!;]!Éóëë!R6!áb\!3!$à!;SB!c;\!R;KSQe!?URYU\CB! UH! %6BB6EFDH:D768H:F>6 y! 4JCe! K\UQ;]CB! HU^[! >;?]C[K;! á -G:I9D6AH:FDBDC6G5 GEP v! *6F>CD768H:F5 GE yv! .DG:D768H:F5GE y!;SB! 68>AAIG5GEPà!]J;]!cC[C!;QQ!;>QC!]U!Y[UB^?C!?^[[CS]!KS!Y^[C!?^Q]^[C!?USBK]KUS\y!

9\!&Cá)))à![CB^?C[\!cC[C!^\CB!;]!]JC!;SUBCv!&Cá))à!UdKBKfKSI!>;?]C[K;!;[C!;Q\U!;>QC!]U!^\C!;!?;]JUBC!;\!;S! CQC?][US! BUSU[! QKPC! 28>9>H=>D768>AAIG5 ;:FFDDL>96CG ! cJK?J! c;\! BC\?[K>CB! ;\! ;>QC! ]U! \cK]?J! H[UR! ;! ?JCRUQK]JU;^]U][UYJK?!]U!;S!CQC?][U;^]U][UYJK?!QKHC\]eQC!á)\JKK!C]!;Qyv!ìëíñày!)]!ICSC[;]CB!ìyì!¨9ÇR ì!;]! ¶íñë!R6!áb\!3!$à!KS!QUc!Y(!?USBK]KUS!áY(!ß!íyôày!4JCe!J;bC!\JUcS!]J;]!]JC!CQC?][US!Y;]Jc;e!KSbUQbC\!;S! U^]C[! RCR>[;SC! ?e]U?J[URC! ?e?ìv! ?e]U?J[URC! ;;î! ?URYQCd! ;SB! ;! ?e]U?J[URC! >?í! ?URYQCd! ]U! CbCS]^;QQe![CB^?C!UdeICS!á&KI^[C!íëày!!

! ìò! ).42/#5!4)/. ! !

9SU]JC[!&Cá))à!UdKBKfC[v! *6F>EFD;IC9IG5;:FFDDL>96CG v!K\!;>QC!]U!B[;c!CQC?][US!H[UR!;!?;]JUBC!YUQ;[KfCB! ;]! Éìïî! R6! áb\y! 3!$à! ;]! SC^][;Q! Y(! á3^RRC[\! C]! ;Qyv! ìëíîày! $QC?][US! ][;S\HC[! Y;]Jc;e! R;e! KSbUQbC! RUQe>BUY]C[KS!UdKBU[CB^?];\C!;SB!;Q]C[S;]KbC!?URYQCd!)))![C\YK[;]U[e!\e\]CR!á3KSIC[!C]!;Qyv!ìëííày!

.=D9DEG:I9DBDC6G5E6AIGHF>G !K\!;Q\U!;!SC^][UYJKQK?!&Cá))à!UdKBKfC[!;>QC!]U!^\C!;!?;]JUBC!YUQ;[KfCB!;]!Éìïî! R6!áb\y!3!$à!á U\C!C]!;Qyv!ìëíïày!

7JKQC!RU\]!UH!]JC\C!\]^BKC\!^\CB!?;]JUBC\!\C]!;]!QUc!YU]CS]K;Q\v!\URC!U]JC[!J;bC!^\CB!JKIJ!?;]JUBK?! YU]CS]K;Q\!;SB![C?UbC[CB!>C]]C[!?^[[CS]!BCS\K]e!BC\YK]C!;!QUcC[!CSC[Ie!;b;KQ;>QC!H[UR!]JC![CB^?]KUS!UH! UdeICSy!#C\RUSBÉ,C!1^ERESC[!C]!;Qyv!ìëíóv!?URY;[CB!]JC!CHHC?]!UH!?;]JUBC!YU]CS]K;Q!US!]JC!?^[[CS]! Y[UB^?]KUS!;SB!>;?]C[K;Q!?URYU\K]KUSy!9]!QUc!YU]CS]K;Q!áÉïëë!R6!b\!3!$àv!]JC!?^[[CS]!BCS\K]e!c;\!;[U^SB! íë!¨9Ç?R ìv!cJKQC!;]!JKIJC[!YU]CS]K;Q!á¶íëë!Rb!b\!3!$à!]JC!?^[[CS]!ICSC[;]CB!c;\!;[U^SB!óë!¨9Ç?R ìy!4JC! RU\]!;>^SB;S]!>;?]C[K;![C?UbC[CB!;]!QUc!YU]CS]K;Q!cC[C!;\\KISCB!]U!]JC!U[BC[! 68>AA6A:G !cJKQC!]JC!JKIJ! YU]CS]K;Q! >KUHKQR! cC[C! BURKS;]CB! >e! ^SKBCS]KHKCB! %6BB6EFDH:D768H:F>6 ! ?QU\C! ]U! ]JC! #8HDH=>DF=D9DGE>F68:6: ! KS! ]JC! !=FDB6H>6A:G ! U[BC[y! 4JC! RC];ICSURC! UH! ]JC! ^SKBCS]KHKCB!

%6BB6EFDH:D768H:F>65 >KUHKQR![CbC;QCB!;!Y^];]KbC!!/ ì!HKd;]KUS!RC];>UQK\Ry!

2U]J>;QQC[!C]!;Qyv!ìëíñv!^\CB!\^[H;?C!RUBKHK?;]KUS!áCQC?][U?JCRK?;Q![CB^?]KUS!UH!;[eQ!BK;fUSK^R!\;Q]\à!;SB! ;\\C\\!]JC!YC[HU[R;S?C!;SB!?URYU\K]KUS!UH!RK?[U>K;Q!?URR^SK]KC\!;?[U\\!]JC\C!\^[H;?C!RUBKHK?;]KUS\y! 4JC!>C\]!YC[HU[RKSI!?;]JUBC!c;\!]JC!^SRUBKHKCB!CQC?][UBC!cK]J!?^[[CS]!BCS\K]e!^Y!]U!öë!¨9Ç?R ì!;]! ¶íëñ! R6! áb\! 3!$ày! 4JCe! HU^SB! ;! ?U[[CQ;]KUS! cK]J! ]JC! [CQ;]KbC! ;>^SB;S?C! UH! ;S! ^SKBCS]KHKCB! %6BB6EFDH:D768H:F>6 y!

dVeVdV ! +Y "#!"!"%&$ +2#,"#0(=+#*#!20-.'=&= Z+

/SC! UH! ]JC! PCe! [C\^Q]\! UH! ]JK\! ]JC\K\! K\! ]JC! >;?]C[K;! { !6C9>96HIG ! 4CSBC[K;! CQC?][UYJ;I;|! cJK?J! c;\! KBCS]KHKCB!KS!;!>KU?;]JUBC!?URR^SK]ey!(C[C!K\!;!\^RR;[e!UH!]JC!cU[P!]J;]!QCB!]U!K]\!KBCS]KHK?;]KUS!;SB! BC\?[KY]KUS!UH!K]\!Y^];]KbC!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!RC?J;SK\R\y!

ìô! ! ).42/#5!4)/. ! !

3][e?J;[fÉ'Q;bCS!C]!;Qyv!ìëíîv!J;bC!^\CB!RK?[U>K;Q!\UQ;[!?CQQ!cJK?J!CS;>QC!?US]KS^U^\!YUcC[!ICSC[;]KUS! cK]J!]JC!H^CQ!>CKSI![CSCcCB!>e!]JC!YJU]U\eS]JC]K?!;?]KbK]e!UH!]JC!>KUHKQRy!4JCe!YC[HU[RCB!>KU?;]JUBC! CS[K?JRCS]!cK]J!;SB!cK]JU^]!KQQ^RKS;]KUS!]U!KBCS]KHe!]JC!?US][K>^]KUS!UH!YJU]U\eS]JC]K?!bC[\^\!SUSÉ YJU]U\eS]JC]K?! >;?]C[K;! HU[! ]JC! UdeICS! [CB^?]KUS! ;]! ;! JKIJ! ?;]JUBK?! YU]CS]K;Q! á¶óó! R6! b\! 3!$ày!4JC! JKIJC\]!?^[[CS]!BCS\K]e!c;\!;?JKCbCB!cK]J!]JC!B;[P!\e\]CR!\^IIC\]KSI!]J;]!QKIJ]!KSBCYCSBCS]!>;?]C[K;! cC[C! Y[KS?KY;QQe! [C\YUS\K>QC! HU[! ]JC! UdeICS! [CB^?]KUSy! íó3! [2.9! ICSC! \CZ^CS?KSI! [CbC;Q\! ]J;]! %6BB6EFDH:D768H:F>6 !cC[C!BURKS;S]!KS!B;[P!>KU?;]JUBCv!cK]J!]JC!SU]CB!Y[C\CS?C!UH! *6F>CD768H:F5 GEE y!

4JC!\;RC!I[U^Y!]JCS!^\CB!RC];ICSURK?\!;SB! RC];Y[U]CURK?! ]U! H^[]JC[! ?J;[;?]C[KfC! ]JC! >;?]C[K;Q! ?URYU\K]KUS!UH!]JC!>KU?;]JUBC!?URR^SK]e!;SB!KBCS]KHe!]JC!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!RC?J;SK\Rv!

;\!cCQQ!;\!]JC!KSU[I;SK?!?;[>US!HKd;]KUS!Y;]Jc;e!\KS?C!]JC!>KUHKQR!c;\!;>QC!]U!I[Uc!cK]J!USQe!!/ì!;\! ?;[>US!\U^[?C!á7;SI!C]!;Qyv!ìëíñ>ày!4JC!RU\]![CY[C\CS]CB!>;?]C[K;!J;B!]JCK[!ICSURC!\CZ^CS?CB!;SB! cC[C!KBCS]KHKCB!;\! *6F>CD768H:F !á7;SI!C]!;Qyv!ìëíñ;àv!;S!^SPSUcS!RCR>C[!UH!]JC!H;RKQe! !=FDB6H>68:6: ! á$BBKC!C]!;Qyv!ìëíóàv!;SB! )67F:CN>6 !á7;SI!C]!;Qyv!ìëíóày!$bCS]^;QQev!]JC!^SPSUcS!RCR>C[!UH!]JC!H;RKQe! !=FDB6H>68:6: !c;\!BC\?[K>CB!>^]!?U^QB!SU]!>C!YQ;?CB!KS!CK]JC[!]JC! !=FDB6H>6A:G !U[! 0=>DHF>8=6A:G !U[BC[y! )]!c;\!S;RCB!{ !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|v!;!RCR>C[!UH!]JC! %6BB6EFDH:D768H:F>65 á$BBKC!C]!;Qyv! ìëíóày! 0^];]KbC! Cd][;?CQQ^Q;[! CQC?][US! ][;S\HC[! RC?J;SK\R\! cC[C! HU^SB! HU[! { !6C9>96HIG ! 4CSBC[K;! CQC?][UYJ;I;|! ;SB! KSbUQbCB! ]JC! -UY É?US];KSKSI! ;Q]C[S;]KbC! ?URYQCd! )))! á&KI^[C! ííàv! ;! Y^];]KbC! K[US! UdKB;]KUS!Y;]Jc;e!KS! 5:H6EFDH:D768H:F>65*6F>EFD;IC9IG5;:FFDDLM96CG v!]JC!>;?]C[K^R!;>QC!]U!UdKBKfC! \UQKBÉ\];]C!&Cá))à!;]!SC^][;Q!Y(y!9!?É]eYC!RUSUJCRC!?e]U?J[URC!!e?ì!H[UR! 28>9>H=>D768>AAIG5;:FFDDL>96CG ! c;\! ;Q\U! HU^SBy! 4JC! Q;]]C[! K\! KSbUQbCB! KS! &Cá))à! UdKB;]KUS! ;]! QUc! Y(! á&KI^[C! ííày! )S! ;BBK]KUS! ]U! ]JC! Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[v!{ !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|!c;\!]JC!USQe!ICSURC!cK]J!]JC!!;QbKSÉ

CS\USÉ ;\\J;R!?e?QC!HU[!!/ ì!HKd;]KUSv!KS?Q^BKSI!]JC!Y[C\CS?C!UH!HU[R!)!2^>K\!/y!)]!c;\!]JC[CHU[C!]JC! USQe!>;?]C[K;!;>QC!]U!HKd!?;[>US!HU[!]JC!SUSÉ;^]U][UYJK?!RCR>C[!UH!]JC!?URR^SK]ey!

! ìö! ).42/#5!4)/. ! !

!!

7QO\YM! ''%! @\[I[Q]M! M_[YIKMSS\SIY! MSMK[YVU! [YIUZNMY! Z`Z[MT! QU! d !$-'+'$120 ! CMULMYQI! MSMK[YVWPIOIe! FIUO!M[!IS%#!(&'+J!%!

!

-C];Y[U]CURK?!c;\!^\CB!;I;KS!]U!?URY;[C!]JC! CHHC?]!UH!]JC!\C]!?;]JUBK?! YU]CS]K;Q!US!]JC! >;?]C[K;Q! ?URYU\K]KUS!;SB!Y[U]CKS!CdY[C\\KUS!á,C;[e!C]!;Qyv!ìëíñày!4JC!]cU!YU]CS]K;Q\!^\CB!cC[C!;S!UY]KR;Q!UH!¶óó! R6!áb\!3!$à!;SB!;!\^>UY]KR;Q!YU]CS]K;Q!UH!¶ììó!R6!áb\!3!$ày!4JC!R;OU[K]e!UH!]JC!Y[U]CKS\!CdY[C\\CB!;]! ]JC!\^>UY]KR;Q!YU]CS]K;Q!cC[C!KS!Y[U]CKS!]^[SUbC[Ç\eS]JC\K\v!RU]KQK]ev!;SB!RCR>[;SC!][;S\YU[]y!&KbC! Y[U]CKS\! cC[C! ;\\U?K;]CB! cK]J! ]JC! UY]KR;Q! YU]CS]K;Q! ;SB! CQC?][US! ][;S\HC[x! ?É]eYC! ?e]U?J[URCv! ]cU! HQ;bUY[U]CKS\v! Z^KSUY[U]CKS! ;Q?UJUQ! BCJeB[UICS;\C! ;SB! -C]JKUSKSC! \^QHUdKBC! [CB^?];\Cy! #C\YK]C\! ?J;SIC\! KS! Y[U]CKS! CdY[C\\KUSv! ?URR^SK]e|\! ?URYU\K]KUS! c;\! SU]! BKHHC[CS]! H[UR! ]JC! UY]KR;Q! ]U! \^>UY]KR;Q!YU]CS]K;Qy!)]!c;\!bC[KHKCB!KS!;!\C?USB!\KRKQ;[!CdYC[KRCS]!cJC[C!$BBKC!C]!;Qyv!ìëíòv!^\CB!;!

îë! ! ).42/#5!4)/. ! !

RC];][;S\?[KY]URK?!;YY[U;?J!]U!;\\C\\!]JC!CHHC?]!UH!]JC!YU]CS]K;Q!?J;SIC!H[UR!UY]KR;Q!]U!\^>UY]KR;Qy! {!6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|!;?]KbK]e!c;\!?U[[CQ;]CB!cK]J!]JC!?^[[CS]!BCS\K]e!cJK?J!\^YYU[]!]JC! Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!RUBCQy!4JC!!e?ì!ICSCv!Y[CBK?]CB!]U!J;bC!;![UQC!KS!Cd][;?CQQ^Q;[!CQC?][US! ][;S\HC[v!c;\!RU[C!JKIJQe!CdY[C\\CB!;]!]JC!\^>UY]KR;Q!YU]CS]K;Qv!cJCS!RU[C!CQC?][US\!;[C!SCCBCB!]U!

ICSC[;]C!]JC!\;RC!;RU^S]!UH!CSC[Iey!4JC!ICSC\!KSbUQbCB!KS!!/ ì!HKd;]KUS!cC[C!;Q\U!RU[C!CdY[C\\CB!

[CHQC?]KSI!]JC!SCCB!]U!KS?[C;\C!]JC!CHHK?KCS?e!UH!!/ ì!HKd;]KUSy!!

9S!;BBK]KUS;Q!\]^Be!^\CB!RC];ICSURK?\!;SB![C?US\][^?]CB!>KS!;HHKQK;]CB!cK]J!{ !6C9>96HIG !4CSBC[K;! CQC?][UYJ;I;|v! )67F:CN>6 v! *6F>CD768H:F v! (DF9>>BDC6G v! 2A86C>JDF6L v!;SB! *IF>86I96 y!4JC!?^[[CS]!BCS\K]e! ICSC[;]CB!US!]JC\C!>KU?;]JUBC!c;\!?U[[CQ;]CB!cK]J!]JC![CQ;]KbC!;>^SB;S?C!UH!{ !6C9>96HIG !4CSBC[K;! CQC?][UYJ;I;|!á-;Q;SU\PK!C]!;Qyv!ìëíôày!! +

! îí! ).42/#5!4)/. ! !

eV ! #!- \&#,-+(!+=..0-=!'+ +

$?UÉICSURK?! K\! ;! ?UR>KS;]KUS! UH! C?UQUIK?;Q! ;SB! #.9! \CZ^CS?KSI! >;\CB! ;YY[U;?JC\! ]U! \]^Be! ]JC! RK?[U>K;Q!BKbC[\K]ey!4JC!C?UQUIe!K\!]JC!\]^Be!UH!U[I;SK\R!KS]C[;?]KUS\!cK]J!U]JC[!U[I;SK\R\!;SB!]JCK[! CSbK[USRCS]y!)S!]JK\!cU[Pv!cC!c;S]CB!]U!^\C!]JK\!;YY[U;?J!]U!>C]]C[!KBCS]KHe!]JC!H[;?]KUS!UH!]JC!RK?[U>K;Q! ?URR^SK]e!]J;]!?U^QB!>C![C\YUS\K>QC!HU[!]JC!CSSU>QCRCS]y!4JC!ICSURK?v!U[!#.9!>;\CB!;YY[U;?J![CHC[\! ]U!]JC!^\C!UH!?^Q]^[CÉKSBCYCSBCS]!]C?JSKZ^C\!]U!;??C\\!]JC!>[U;B!BKbC[\K]e!UH!RK?[UU[I;SK\R\!;\!USQe!;! H[;?]KUS!UH!]JC!RK?[UU[I;SK\R\!?;S!>C!KBCS]KHKCB!^\KSI!?Q;\\K?;Q!?^Q]^[C!RC]JUB\y!!

0[CbKU^\!\]^BKC\!US!\];KSQC\\!\]CCQ!CSSU>QCRCS]!^\CB!;!b;[KC]e!UH!;YY[U;?JC\!]U!KBCS]KHe!]JC!RK?[U>K;Q! ?URR^SK]ev!\^?J!;\!BCS;]^[KSI!I[;BKCS]!ICQ!CQC?][UYJU[C\K\!á ;PC[!C]!;Qyv!ìëëîw!&;KR;QK!C]!;Qyv!ìëíëw! -;?J^?;!C]!;Qyv!ìëíïàv!RK?[U\?UYe!á#K?PKS\US!C]!;Qyv!íööów!+UQ;[K!C]!;Qyv!íööôw!-;]]KQ;!C]!;Qyv!íööòw!7;SI! C]!;Qyv!ìëëïàv!>;?]C[K;Q!K\UQ;]KUS!;SB!?^Q]^[C!KBCS]KHK?;]KUS!á#K?PKS\US!C]!;Qyv!íööóàv!QKYKB!?URYU\K]KUS!;SB! $03!Z^;S]KHK?;]KUS!á9?^T;!C]!;Qyv!ìëëóày!(KIJ!]J[U^IJY^]!\CZ^CS?KSI!]C?JSUQUIe!c;\!USQe!^\CB![C?CS]Qe! ]U!;\\C\\!]JC!>KUHKQR!?URYU\K]KUS!KS!>[;?PK\J!c;]C[!US!\];KSQC\\!\]CCQ!á(^]]^SCSÉ3;;[KbK[];!C]!;Qyv!ìëíôày!

)S! ]JK\! \]^Bev! cC!KS]CSB! ]U! ^\C! ]JC! Q;]C\]! \CZ^CS?KSI! ]C?JSUQUIe! ]U! ;\\C\\! ]JC! RK?[U>K;Q! YUY^Q;]KUS! ;\\U?K;]CB!cK]J!\];KSQC\\!\]CCQ!KS!\C;c;]C[y!4JC!BKHHC[CS]!]C?JSUQUIKC\!;SB!RC]JUB\!]U!\]^Be!;!RK?[U>K;Q! ?URR^SK]e!cKQQ!>C!BK\?^\\CB!KS!]JK\!?J;Y]C[!HU[!]JC![C;BC[!]U!>C]]C[!^SBC[\];SB!U^[!;YY[U;?Jy!

eVcV !1#/3#,!(,&+(,++(!0- (-*-&7 +

)S! R;[KSC! CSbK[USRCS]v! ]JC! Y[C\CS?C! UH! RK?[UU[I;SK\R\! J;\! >CCS! \JUcS! \KS?C! ]JC! >CIKSSKSI! UH! RK?[U>KUQUIe!;]!]JC!CSB!UH!]JC!íò]J!?CS]^[e!>e!9S]USKC!b;S!,CC^cCSJUCPv!;!#^]?J!][;BC[y!3KS?C!]JCSv! ]JC!RK?[U>KUQUIe!HKCQB!c;\!BCHKSCB!>e!]JC!^\C!UH!?^Q]^[C!RCBK;!]U!I[Uc!;SB!?J;[;?]C[KfC!RK?[UU[I;SK\R\y! -K?[U>KUQUIK\]\!Q;]C[![C;QKfCB!]J;]!][;BK]KUS;Q!?^Q]^[C!]C?JSKZ^C\! ?U^QB!USQe!>C!^\CB! HU[!;!bC[e!\R;QQ! H[;?]KUS! UH! ]JC! >;?]C[K;! KS! ;! IKbCS! CSbK[USRCS]y! 4JK\! c;\! BCHKSCB! ;\! }'[C;]! 0Q;]C! !U^S]! 9SUR;Qe~! >C?;^\C!]JC!>;?]C[K;Q!;>^SB;S?C\!U>\C[bCB!US!RK?[U\?UYC\!cC[C!R^?J!JKIJC[!]J;S!]JU\C!U>];KSCB!>e! ?^Q]^[C!RC]JUB\y!)]!K\!C\]KR;]CB!]J;]!QC\\!]J;S!í•!UH!RK?[UU[I;SK\R\!KS!]JC!CSbK[USRCS]!;[C!YU]CS]K;QQe! }?^Q]Kb;>QC~!á3];QCe!;SB!+USUYP;v!íöôñàv!;Q]JU^IJ!]JK\!?US?CY]!K\!BC>;]CB!;\!SCc!K\UQ;]KUS!RC]JUB\!

îì! ! ).42/#5!4)/. ! !

YC[RK]]CB! ]U! KS?[C;\C! ]JC! S^R>C[! UH! K\UQ;]CB! \][;KS\! á2;YYE! C]! ;Qyv! ìëëìày! !U^S]KSI! ]JC! S^R>C[! UH! >;?]C[K;!?US];KSCB!KS!;!\C;c;]C[!\;RYQC!c;\!USQe!YU\\K>QC!KS!]JC!Q;]C!íöòë\!cK]J!]JC!CRC[ICS?C!UH! CYKHQ^U[C\?CS?C!RK?[U\?UYe!]C?JSKZ^C\!;SB!#.9!\];KSKSI!^\KSI!HQ^U[C\?CS]!R;[PC[\!á(U>>KC!C]!;Qyv!íöòòà! ;\!cCQQ!;\!]JC!BCbCQUYRCS]!UH!HQUc!?e]URC][e!;SB!K]\!^\C!US!\C;c;]C[!\;RYQC\!á9CS]\?J!C]!;Qyv!íöôîày! -;Se!UH!]JC!R;OU[!BK\?UbC[KC\!KS!RK?[U>KUQUIe!KS![C?CS]!BC?;BC\!\][USIQe![CQKCB!US!PCe!]C?JSUQUIK?;Q! ;Bb;S?C\!?;Y;>QC!UH!UbC[?URKSI!]JC!BKHHK?^Q]KC\!KSJC[CS]!KS!]JC!\]^Be!UH!]JC\C!U[I;SK\R\!KSbK\K>QC!]U!]JC! S;PCB!CeCv!;SB!RU\]Qe!^S?^Q]Kb;]CBy!

9\!#.9!\]U[C!;QQ!]JC!CbUQ^]KUS;[e!;SB!RC];>UQK?!Y[UYC[]KC\!UH!QKbKSI!U[I;SK\R\v!K]!>C?;RC!U>bKU^\!]J;]! PSUcKSI! ]JC! U[BC[! UH! S^?QCK?! ;?KB! KS! ICSURC\! cU^QB! ?US][K>^]C! ]U! ^SBC[\];SB! QKbKSI! R;]]C[y! 9! PCe! ]C?JSUQUIK?;Q!;Bb;S?C!KS!]JC!\CZ^CS?KSI!UH!#.9!c;\!>[U^IJ]!>e!&[CB!3;SIC[!á3;SIC[!C]!;Qyv!íöóñv!íöòòà! cK]J!]JC!\UÉ?;QQCB!3;SIC[!\CZ^CS?KSI!]C?JSKZ^Cv!cJK?J!QCB!]U!]JC!?URYQC]C!\CZ^CS?KSI!UH!HK[\]!U[I;SK\R! ICSURCx!]JC!>;?]C[KUYJ;IC!-3ì!á&KC[\!C]!;Qyv!íöòóày!,;]C[v!]JC!;^]UR;]KUS!UH!]JC!Y[KS?KYQC!QCB!]U!]JC!HK[\]! \CZ^CS?KSI!R;?JKSC\!á(^SP;YKQQC[!C]!;Qyv!íööíà!;SB!^Q]KR;]CQe!]U!]JC!\CZ^CS?KSI!UH!]JC!J^R;S!ICSURC! á)S]C[S;]KUS;Q!(^R;S!'CSURC!3CZ^CS?KSI!!US\U[]K^Rv!ìëëíày!

4JC! }ICSURK?! [CbUQ^]KUS~! [C;QQe! J;YYCSCB! cK]J! ]JC! \C?USB! ICSC[;]KUS! UH! \CZ^CS?C[! ?;QQCB! SCd]É ICSC[;]KUS!\CZ^CS?KSI!á.'3à!cK]J!\CZ^CS?KSI!?;Y;?K]e!I[UcKSI!;]!;!H;\]C[![;]C!]J;S!]JC!-UU[C|\!Q;c!HU[! ]JC!?URY^]KSI![CbUQ^]KUSx!>C]cCCS!ìëëñ!;SB!ìëíë!\CZ^CS?KSI!?;Y;>KQK]KC\!BU^>QCB!CbC[e!HKbC!RUS]J\! á3]CKSv!ìëíëày!4JC!]cU!R;KS!]C?JSUQUIKC\!BCbCQUYCB!B^[KSI!]JK\!YC[KUB!cC[C!}Ye[U\CZ^CS?KSI~!>e!2U?JC! ïñï!;SB!}>[KBIC!;RYQKHK?;]KUS~!>e!3UQCd;Ç)QQ^RKS;v!;SB!>U]J![CQKCB!US!\CZ^CS?KSI!>e!\eS]JC\K\v!Y[UbKBKSI! JKIJ!\CZ^CS?KSI!BCY]J!;SB!;??^[;?ey!4JCe!cC[C!QKRK]CB!>e!]JC!JURUYUQeRC[!á[CYC]K]KUS!UH!]JC!\;RC! S^?QCK?!;?KBà!HU[!Ye[U\CZ^CS?KSIv!;SB!\KfC!HU[!>U]J!]C?JSUQUIKC\!áR;d!îëë>Yv!)QQ^RKS;!-K3CZày! CeUSB! ]JC!bC[e!JKIJ!\CZ^CS?KSI!]J[U^IJY^]!UH!]JC!Q;]C\]!)QQ^RKS;!R;?JKSC\!á;[U^SB!ï!>KQQKUS!Y;K[CBÉCSB!YC[![^S! HU[!]JC!.Ub;3CZàv!]JC!\CZ^CS?KSI!C[[U[![;]Cv! >P:P !]JC!Y[U>;>KQK]e!UH!;!\CZ^CS?C[!]U!?;QQ!]JC!c[USI!>;\C!KS! ;!IKbCS!YU\K]KUSv!K\![CQ;]KbCQe!QUc!áëyìï≠™≠ëyëó•!YC[!>;\C!;SB!]JC!YC[?CS];IC!UH!R^];]CB!\CZ^CS?C\!c;\! HU^SB!]U!>C!óyï≠™≠íyìï•à!á0HCKHHC[!C]!;Qyv!ìëíôày!

! îî! ).42/#5!4)/. ! !

9!]JK[B!ICSC[;]KUS!UH!\CZ^CS?C[!c;\!BCHKSCB!>e! ]JC!;>KQK]e!]U!\CZ^CS?C!\KSIQC!RUQC?^QC!UH!#.9!;SB! ]JC[CHU[C!;bUKB!]JC!;RYQKHK?;]KUS!Y[U?C\\!KSJC[CS]!]U!Y[CbKU^\!RC]JUB\y!0;?>KU!;SB!/dHU[B!.;SUYU[C! [CY[C\CS]! ]JC! R;KS! R;S^H;?]^[C[\! UH! \KSIQC! RUQC?^QC! ;SB! [C;Q! ]KRC! \CZ^CS?C[y! 2C;B\! Z^;QK]e! ;SB! \CZ^CS?KSI!BCY]J!K\!UH]CS!YUU[v!;[U^SB!íëÉíñ•!UH![;c!C[[U[![;]C!>CHU[C!?U[[C?]KUS!á7CK[;]JC[!C]!;Qyv! ìëíòàv!>^]!\CZ^CS?C!QCSI]J!?;S!>C!bC[e!JKIJ!;SB!?;S!>C!;\\U?K;]CB!cK]J!.'3!\CZ^CS?C\!]U![C?US\][^?]! QUSI!;SB!;??^[;]C!\CZ^CS?C\!UH!#.9y!!

eVdV !=+.*(!-,+ =1#"+1#/3#,!(,& +

eVdVcV ! '(12-07+-%++=0)#0+&#,#1 +

4[;BK]KUS;QQev!U[I;SK\R\!cC[C!?Q;\\KHKCB!;??U[BKSI!]U!YJCSU]eYK?!HC;]^[C\!áY[UP;[eU]C\v!C^P;[eU]C\à!>^]! !;[Q!7UC\C!;SB!U]JC[!^\CB!]JC!\R;QQ!\^>^SK]![K>U\UR;Q!2.9!ICSCÖ;Q\U!?;QQCB!íó3![2.9!á&KI^[C!íìàÖ! ;\!;!YJeQUICSC]K?!R;[PC[!]U!?URY;[C!;SB![C?US\][^?]!]JC!][CC!UH!QKHC!;SB!CbCS]^;QQe!BCHKSC!]JC!]J[CC! BUR;KS\!UH!QKHC!]J;]!;[C! ;?]C[K;v!9[?J;C;!;SB!$^P;[e;!á7UC\C!C]!;Qyv!íööëw!7UC\C!;SB!&Udv!íöòòày!4JC! íó3![2.9!ICSC!J;\!]JC!;Bb;S];IC!UH!>CKSI!Y[C\CS]!KS!CbC[e!\KSIQC!QKbKSI!U[I;SK\R!áíô3![2.9!HU[!$^P;[K;àv! ;SB!;[U^SB!íñëë!>Y!QUSI!cJK?J!c;\!KS!]JC![;SIC!UH!]JC!3;SIC[!\CZ^CS?KSI!]C?JSUQUIey!3KS?C!]JCSv!]JK\! R;[PC[!ICSC!J;\!>CCS!Cd]CS\KbCQe!^\CB!]U!?URY;[C!RK?[UU[I;SK\R\v!BC\?[K>C!RK?[U>K;Q!?URR^SK]KC\! ;SB! C\]KR;]C! >KUBKbC[\K]e! cK]J! 0!2! ;RYQKHK?;]KUS! UH! ]JC! ICSCv! ?QUSKSI! ;SB! \CZ^CS?KSIy! 7K]J! ]JK\! H;\]KBKU^\!;YY[U;?Jv!K]!c;\!YU\\K>QC!]U!U>];KS!;[U^SB!íëë!\CZ^CS?C\!HU[!USC!\;RYQC!;SB!U>\C[bC!R;KSQe! ]JC!BURKS;S]!\YC?KC\y!4JK\!RC]JUB!J;\!BURKS;]CB!]JC!HKCQB!UH!RK?[U>KUQUIe!HU[! ìë!eC;[\!>CHU[C! ]JC! KS][UB^?]KUS!UH!.'3y!4UB;ev!)QQ^RKS;!\CZ^CS?C[\!?;S!Y[UB^?C!íë ò!]U!íë ô![C;B\!;SB!]JC[CHU[C!;\\C\\!]JC! SC;[Qe! CdJ;^\]KbC! RK?[U>K;Q! BKbC[\K]e! UH! ;S! CSbK[USRCS];Q!\;RYQCy!9!R;[PC[!ICSC!;YY[U;?J!QKPC!]JC! \CZ^CS?KSI! UH! íó3! [2.9! K\! ;Q\U! ?;QQCB! ;RYQK?US! \CZ^CS?KSI! >C?;^\C! 0!2! ;RYQKHK?;]KUS! Y[KU[! ]U! ]JC! \CZ^CS?KSIy!)]!R;e!;Q\U!>C![CHC[[CB!;\!;RYQK?USÉ>;\CB!RC];ICSURK?y!.'3!;SB!;RYQK?US!\CZ^CS?KSI! CS;>QCB!RK?[U>K;Q!C?UQUIK\]!]U!BC\?[K>C!R;Se!CSbK[USRCS]\!QKPC!]JC!J^R;S!RK?[U>KURC!á4^[S>;^IJ!C]! ;Qyv!ìëëòàv!U?C;SK?!RK?[U>KURC!á3^S;I;c;!C]!;Qyv!ìëíñàv!U[!\UKQ!RK?[U>KURC!á&KC[C[!;SB!*;?P\USv!ìëëóày!

! !

îï! ! ).42/#5!4)/. ! !

! 7QO\YM! '(%! BMKVULIY`! Z[Y\K[\YM! VN! [PM! ZTISS! Z\J\UQ[! YQJVZVTIS! A>2! ^Q[P! [PM! P`WMY]IYQIJSM!YMOQVUZ! E'![V!E/!% !)S!]JK\!]JC\K\v!cC!^\CB!]JC!6ïÉ6ñ![CIKUSy!

! îñ! ).42/#5!4)/. ! !

eVdVdV ! 2'#+!*312#0(,&+!'=**#,&# +

4JC! IUQB! \];SB;[B! ]U! BCHKSC! >;?]C[K;Q! \YC?KC\! c;\! BCHKSCB! >e! #.9É#.9! Je>[KBKf;]KUS! cK]J! ;! [C?URRCSBCB!\KRKQ;[K]e!]J[C\JUQB!UH!òë•v!^SBC[!cJK?J!]JC!?URY;[CB!U[I;SK\R\!>CQUSI!]U!BKHHC[CS]! \YC?KC\!á7;eSC!C]!;Qyv!íöôòày!-;[PC[!ICSC!\KRKQ;[K]e!?;S!;Q\U!>C!^\CB!]U!BCHKSC!\YC?KC\!>U^SB;[KC\v!;SB! ;!RKSKR^R!\KRKQ;[K]e!UH!öò•!c;\![CZ^K[CB!]U!?US\KBC[!]cU!íó3![2.9!\CZ^CS?C\!]U!>CQUSI!]U!]JC!\;RC! RK?[U>K;Q! \YC?KC\! á3];?PC>[;SB]! ;SB! 'UC>CQv! íööïày! 4JK\! ]J[C\JUQB! K\! \]KQQ! ^\CB! SUc;B;e\! ]U! ?Q^\]C[! \CZ^CS?C!UH!;RYQK?US!>;\CB!\]^Bev!>^]!J;\!>CCS![CÉCb;Q^;]CB!]U!b;Q^C!?QU\C[!]U!öôyóñ!•!á+KR!C]!;Qyv! ìëíïw!3];?PC>[;SB]!;SB!$>C[\v!ìëëóày!íó3![2.9!;RYQK?US\!;[C!?Q^\]C[CB!KS]U!UYC[;]KUS;Q!];dUSURK?!^SK]\! á/45\à!]U!;??U^S]!HU[!]J;]!KS][;É\YC?KC\!b;[K;>KQK]ev!>^]!;Q\U!]JC!\CZ^CS?KSI!C[[U[\!]J;]!;[C!KSJC[CS]!]U! ]JC!.'3!]C?JSUQUIey!

eVdVeV ! '(&'+0#1-*32(-,++#2'-"1+%-0+=+.*(!-,+=,=*71(1 +

4JC!^\C!UH!;S!;!Y[KU[K!ICSC]K?!BK\];S?C!]J[C\JUQB!]U!BCQKSC;]C!H^SB;RCS];Q!^SK]\!UH!BKbC[\K]e!J;\!JUcCbC[! \URC!\][USI!QKRK];]KUS\!>C?;^\C!K]!K\!SU]!;Qc;e\!;YYQK?;>QC!U[![CQCb;S]!á [UcS!C]!;Qyv!ìëíñw!.C>CQ!C]!;Qyv! ìëííà!;SB!QKRK]\!]JC![C\UQ^]KUS!UH!RK?[U>K;Q!BKbC[\K]e!;S;Qe\K\!>e!R;\PKSI!KRYU[];S]!Y;]]C[S\!U??^[[KSI! >C]cCCS!?QU\CQe![CQ;]CB!U[I;SK\R\!á$[CS!C]!;Qyv!ìëíî;ày!(CS?Cv!]JC![C?CS]!BCbCQUYRCS]!UH!SCc! JKIJ! [C\UQ^]KUS!RC]JUB\!QCbC[;IKSI!\CZ^CS?KSI!C[[U[! ;S;Qe\K\!á#9#9ìv!!;QQ;J;S!C]!;Qyv!ìëíóàv!KSHU[R;]KUS! CS][UYe!;S;Qe\K\!áUQKIU]eYKSI!;SB!-$#v!$[CS!C]!;Qyv!ìëíî;v!ìëíïà!U[!C[[U[!BK\][K>^]KUS!Y[UHKQC\!á3792-v! -;JE!C]!;Qyv!ìëíñà!?US\]K]^]C\!;S!KRYU[];S]!;Bb;S?C!KS!RK?[U>K;Q!BKbC[\K]e!;S;Qe\K\y!!

&U[!KS\];S?Cv!]JC!3c;[R!;QIU[K]JR!;IIQURC[;]C\!\CZ^CS?C\!>;\CB!US!Y;K[cK\C!\KRKQ;[K]e!cK]J!R;dKR^R! USC! S^?QCU]KBC! BCHC[CS?C! áBCH;^Q]à! ;SB! BCQKSC;]C! /45\! >;\CB! US! ;>^SB;S?C! b;Q^C\Ö>P:P ! >[C;P! KS! ;>^SB;S?C!}b;QQCe~!QKSPKSI!]cU!U]JC[cK\C!\CY;[;]C!/45\!á-;JE!C]!;Qyv!ìëíñày!

!

!

îó! ! ).42/#5!4)/. ! !

eVdVfV ! *(+(2=2(-,1+=,"+ (=1#1+ +

îyìyïyíy !0924)9,!'$.$!3$15$.!).'! !

C?;^\C!.'3!]C?JSUQUIe!USQe!ICSC[;]C!\R;QQ!QCSI]J!\CZ^CS?Cv!\R;QQC[!]J;S!]JC!íó3![2.9!ICSC!K]\CQHv! \URC![CIKUS!UH!]JC!ICSC!cC[C!\CQC?]CB!>;\CB!US!]JCK[!b;[K;>KQK]e!áJeYC[b;[K;>QC![CIKUS\à!cJK?J!;[C!HU^SB! ;[U^SB!?US\C[bC![CIKUS\!á&KI^[C!íìày!4JC!\Kd]J!JeYC[b;[K;>QC![CIKUS!á6óà!c;\!^\CB!>C?;^\C!UH!K]\!\R;QQ! \KfC!áóëY>à!HK]]KSI!]JC!QCSI]J!?;Y;?K]e!UH!]JC!)QQ^RKS;!(K3CZy!7K]J!]JC!-K3CZ!]C?JSUQUIev!QUSIC[![CIKUS! ?;S! >C! \CZ^CS?CB! QKPC! ]JC! [CIKUS! 6ïÉ6ñ! á;[U^SB! ïñëY>ày! 9\! ;! ?US\CZ^CS?Cv! \URC! \]^BKC\! ;[C! SU]! ?URY;[;>QC!;\!]JC![CIKUS\!\CZ^CS?CB!;[C!SU]!]JC!\;RCy!

îyìyïyìy !!()-$29!&/2-94)/.! !

/]JC[!>K;\C\!;[C!KSJC[CS]!cK]J!]JC!^\C!UH!íó3![2.9!;RYQK?US!\CZ^CS?KSIv!\^?J!;\!]JC!?[C;]KUS!UH!?JKRC[K?! \CZ^CS?C\!B^[KSI!]JC!0!2!;RYQKHK?;]KUSy!4JC\C!;[]KHK?K;Q!\CZ^CS?C\!;[C!R;BC!cK]J!]JC!H^\KUS!UH!]cU!áU[! RU[Cà!\CZ^CS?C\v!>^]!;[CÖ>e!BCHKSK]KUSÖQUcC[!KS!;>^SB;S?C!]J;S!]JC!}Y;[CS]~!\CZ^CS?C\!;SB!?;S!>C! KBCS]KHKCB!>e!\UH]c;[C!\^?J!;\!63$92!(!á2UISC\!C]!;Qyv!ìëíóày!

îyìyïyîy !,9!+!/&!5.)&9).'!498/./-)!!&29-$7/2+ !

íó3![2.9![CHC[CS?C!B;];>;\C\!UH!PSUcS!RK?[UU[I;SK\R\!?;S!>C!^\CB!]U!;\\KIS!];dUSURe!]U!/45\y!4JC[C! ;[C!]J[CC!íó3![2.9!B;];>;\C\x!'[CCSICSC\!á-?#US;QB!C]!;Qyv!ìëíìàv!]JC!2K>U\UR;Q!B;];>;\C!Y[UOC?]! á2#0à!á7;SI!C]!;Qyv!ìëëòà!;SB!3KQb;!á1^;\]!C]!;Qyv!ìëíîày!4JCe!BKHHC[!KS!\KfC!;SB![C\UQ^]KUSv!3KQb;!>CKSI!]JC! Q;[IC\]!cK]J!R;S^;QQe!?^[;]CB!];dUSURK?![;SP!;\\KISRCS]!á ;QbU@Ka]G!;SB!(^\USv!ìëíòày!4JK\!];dUSURK?! KSHU[R;]KUS!?;S!>C!^\CB!]U!KSHC[!JeYU]JC]K?;Q!RC];>UQK\R\!UH!/45\v!>^]!R;PC[!ICSC!BUC\!SU]![CHQC?]!]JC! cJUQC!ICSURC!?US]CS]v!QC]!;QUSC!]JC!;?]^;Q!ICSC!CdY[C\\KUSy!

!

!

!

! îò! ).42/#5!4)/. ! !

eVeV !5'-*#+&#,-+#+1#/3#,!(,& +

eVeVcV ! .0(,!(.*#+=,"+0#*#4=,!# +

4JC!?U\]ÉCHHC?]KbC!JKIJÉ]J[U^IJY^]!\CZ^CS?KSI!;QQUcCB!HU[!I[C;]!KRY[UbCRCS]!UbC[!;RYQK?USx!KS\]C;B! UH!\CZ^CS?KSI!;!R;[PC[!ICSCv!;QQ!ICSURC\!Y[C\CS]!KS!;!\;RYQC!;[C!H[;IRCS]CB!;SB!\CZ^CS?CBÖJCS?C! ]JC!S;RC!UH!cJUQC!ICSURC!\CZ^CS?KSI!á7'3ày!4JC!ICSC]K?!YU]CS]K;Q!UH!?URR^SK]e!?;S!]JC[CHU[C!>C! ;\\C\\CBv!;SB!ICSURC!YUY^Q;]KUS\!?;S!>C![C?US\][^?]CB!KS]U!RC];ICSURCÉ;\\CR>QCB!ICSURC!á-9'à! á.KCQ\CS!C]!;Qyv!ìëíïày!

4JC!?QC;[!;Bb;S];IC!UH!]JK\!;YY[U;?J!K\!]U!;??C\\!]JC!H^S?]KUS;Q!ICSC\v!cJK?J!JCQY!]U!^SBC[\];SB!]JC! YU]CS]K;Q!RC];>UQK\R!U??^[[KSI!KS!;!IKbCS!\;RYQCy!-9'! ?;S! ;Q\U! >C! ?URY;[CB! ]U! PSUcS! RK?[U>K;Q! ICSURC!^\KSI!?URY;[;]KbC!ICSURK?\!;SB!RC][K?\!\^?J!;\!KS!\KQK?U!#.9É#.9!Je>[KBKf;]KUS!U[!]JC!;bC[;IC! S^?QCU]KBC! KBCS]K]e! á9.)àv! cJK?J! J;\! >C?URC! ;! SCc! IUQB! \];SB;[B! RC]JUB! ]U! ?URY;[C! ICSURC\v! [CYQ;?KSI!]JC!#.9É#.9!Je>[KBKf;]KUS!á'U[K\!C]!;Qyv!ìëëòw!2K?J]C[!;SB!2U\\CQQVÉ-V[;v!ìëëöày!4JC!;??CY]CB! >U^SB;[e!HU[!\YC?KC\!BCQKSC;]KUS!K\!öó•!9.)!á+KR!C]!;Qyv!ìëíïày!

-C\\CSIC[!2.9!?;S!>C!\CZ^CS?CB!KS!;BBK]KUS!]U!]JC!#.9!]U!;\\C\\!]JC!ICSC!CdY[C\\KUS!KS!Y;[]K?^Q;[! ?USBK]KUS\!;SB!;\\U?K;]C!-9'\!ICSC]K?!YU]CS]K;Q!]U!;?]^;Q!;?]KbK]ey!

eVeVdV ! =11#+ *7+=,"+ (,,(,&+!'=**#,&# +

.Cc!ICSC[;]KUS!\CZ^CS?C[\!Y[UB^?C!\JU[]![C;B\!UH!#.9!á;[U^SB!íñëY>v!)QQ^RKS;!(K3CZÇ.Cd]3CZày!9\!;! ?US\CZ^CS?Cv!]JC!U[KIKS;Q!ICSURC\!SCCB!]U!>C![CÉ;\\CR>QCB!KS!;!Y[U?C\\!?;QQCB!RC];ICSURK?!;\\CR>Qey! 4JC!Y[UB^?]\!UH!]J;]!;\\CR>Qe!;[C!QUSIC[!H[;IRCS]!UH!#.9!?;QQCB!?US]KI\y!4JC!?J;QQCSIC!cK]J!;\\CR>Qe! K\! ]J;]! ?US\C[bCB! Y;[]! UH! ICSURC! ;RUSI! BKHHC[CS]! U[I;SK\R\! cKQQ! >[C;P! ]JC! ;\\CR>Qev! ;\! cCQQ! ;\! b;[K;]KUS\!cK]JKS!;!\YC?KC\!YUY^Q;]KUSy!)S!;BBK]KUSv!QUc!;>^SB;S?C!U[I;SK\R\!R;e!SU]!J;bC!CSU^IJ!\JU[]! [C;B! \CZ^CS?CB! ]U! >C! [CÉ;\\CR>QCBy! 4U! UbC[?URC! ]JK\! K\\^Cv! ?UÉ;\\CR>Qe! ?;S! >C! YC[HU[RCB! x! #.9! \CZ^CS?C\!H[UR!BKHHC[CS]!\;RYQC\!;[C!Y^]!]UIC]JC[!]U!KS?[C;\C!]JC!?J;S?C!UH![C?UbC[KSI!QUc!;>^SB;S?C! RK?[UU[I;SK\R!ICSURCy!!

îô! ! ).42/#5!4)/. ! !

4JC! >KSSKSI! Y[U?C\\! K\! ]JC! ?Q;\\KHK?;]KUS! UH! ?US]KI\! KS]U! BK\?[C]C! ?Q^\]C[\! KS! cJK?J! ;! >KS! [CY[C\CS]! ;! ICSURCy!)]!?;S!>C!BUSC!;^]UR;]K?;QQe!^\KSI!?URY^];]KUS;Q!]UUQ\!\^?J!;\!!/.!/!4!á9QSC>C[I!C]!;Qyv! ìëíïàv!-C]; 94!á+;SI!C]!;Qyv!ìëíñàv! KS3;SK]e!á'[;J;R!C]!;Qyv!ìëíòà!U[!-;d>KSì!á7^!C]!;Qyv!ìëíóày!4JC! RC]JUB!K\!>;\CB!US!]JC!\CZ^CS?C!?URYU\K]KUS!UH!?US]KI\!;SB!]JCK[!BKHHC[CS]K;Q!?UbC[;IC!;?[U\\!\;RYQC\y! ^]!;^]UR;]K?!RC]JUB\!;[C!SU]!YC[HC?]!;SB!?;S![C\^Q]!KS!?USHQ;]KUS!C[[U[\!áRU[C!]J;S!USC!ICSURC!KS!;! >KSà!U[!H[;IRCS];]KUS!C[[U[\!áUSC!ICSURC!KS!R^Q]KYQC!>KS\àv!cJK?J!?;S!>C!\UQbCB!>e!R;S^;Q!?^[;]KUS!UH! ]JC!>KSSKSI![C\^Q]\!cK]J!bK\^;QKf;]KUS!\UH]c;[C!\^?J!;\!9SbK|U!á$[CS!C]!;Qyv!ìëíñày!4JC!\KSIQCÉ?UYe!?U[C! ICSC\! á3!'àv! cJK?J! ;[C! CdYC?]CB! ]U! >C! KS! ;QQ! RK?[UU[I;SK\R\! ;SB! USQe! US?Cv! ;[C! ^\CB! ]U! ;\\C\\! ]JC! ?URYQC]KUS! ;SB! [CB^SB;S?e! UH! ;! >KSÖ;SB! ]JC[CHU[C! ]JC! Z^;QK]e! UH! ]JC! >KSSKSIy! C?;^\C! \URC! RK?[UU[I;SK\R\!?;S!Q;?P!\URC!UH!]JC\C!ICSC\!;SBÇU[!J;bC!R^Q]KYQC!?UYev!]JC[C!K\!;S!;??CY]CB!R;[IKS!UH! öë•!?URYQC]KUS!;SB!ñ•![CB^SB;S?e!]U!?J;[;?]C[KfC!;!-9'!;\!;!JKIJ!Z^;QK]e!-9'!á UcC[\!C]!;Qyv!ìëíòày!

eVeVeV ! *(+(2=2(-,1+=,"+ (=1#1+

4JC!HK[\]!>K;\!UH!]JK\!;YY[U;?J!K\!]JC!\;RC!;\!HU[!]JC!;RYQK?US!\CZ^CS?KSI!]C?JSKZ^Cx!]JC!SCCB!HU[!#.9! ;RYQKHK?;]KUS!cJK?J!?;S![C\^Q]!KS!?JKRC[;!\CZ^CS?C\!;SB!UbC[C\]KR;]KUS!UH!;>^SB;S]!\CZ^CS?C\y!!

-K?[U>K;Q! YUY^Q;]KUS! cK]J! JKIJ! KS][;É\YC?KC\! b;[K;>KQK]e! cU^QB! >C! YUU[Qe! ;\\CR>QCB! >C?;^\C! ]JC\C! b;[K;]KUS\!;[C!QKPCQe!]U!>[C;P!]JC!;\\CR>Qe!\]CYy!9!Y[KRC!Cd;RYQC!K\!]JC!392íí!?Q;BCv!]JC!R;OU[!R;[KSC! RK?[U>K;Q!?Q;BC!áKBCS]KHKCB!cK]J!;RYQK?US!\CZ^CS?KSIà!UH]CS!YUU[Qe![C?UbC[CB!KS!RC];ICSURK?\!\]^BKC\! á6CS]C[!C]!;Qyv!ìëëïày!,USIC[!#.9!\CZ^CS?C\!cU^QB!JCQY!UbC[?URC!]JK\!K\\^Cy!!

&U[!;S!CZ^;Q!S^R>C[!UH!#.9!\CZ^CS?CBv!]JC![;[C!>KU\YJC[CÖRK?[UU[I;SK\R\!UH!bC[e!QUc!;>^SB;S?CÖ ?;S!>C!RU[C!C;\KQe!;??C\\CB!cK]J!R;[PC[!ICSC\!]J;S!cK]J!RC];ICSURK?!>C?;^\C!KS!]JC!HK[\]!?;\Cv!USC! #.9!\CZ^CS?C!?U[[C\YUSB!]U!USC!RK?[UU[I;SK\R!áY[KU[!]U!]JC!#.9!;RYQKHK?;]KUSàv!;SB!KS!]JC!\C?USB! ?;\C!R;Se!#.9!\CZ^CS?C\!>CQUSI!]U!]JC!\;RC!RK?[UU[I;SK\Ry

! îö! !

! !

!

!

!

!

!

! !/6$26)$73! 9.#!/ *$!4)6$3!

! !

! /6$26)$73!9.#!/ *$!4)6$3! Ñ!$.',)3(!6$23)/. ! !

4JC! U>OC?]KbC! UH! ]JC! ]JC\K\! K\! ]U! ;BB[C\\! ;S! ^S\UQbCB! RK?[U>K;Q! YJCSURCSUS! x! ]JC! CSSU>QCRCS]! UH! \];KSQC\\!\]CCQ!KS!\C;c;]C[!;SB!]U!Y[UYU\C!;!RC?J;SK\R![C?US?KQKSI!Y[CbKU^\!U>\C[b;]KUS\y!7C!;KR!]U! ?UR>KSC!CQC?][U?JCRK\][ev!RUQC?^Q;[!>KUQUIe!;SB!>KUKSHU[R;]K?\!KS!;!?UQQ;>U[;]KUS!>C]cCCS!]JC!&[CS?J! !U[[U\KUS!)S\]K]^]C!;SB!]JC!,;>U[;]U[e!UH!-K?[U>KUQUIe!H[UR!$d][CRC!$SbK[USRCS]\y!!

4JC!\];KSQC\\!\]CCQ!CSSU>QCRCS]!K\!KRY;?]CB!>e!CSbK[USRCS];Q!H;?]U[v!\^?J!;\!]JC!\C;c;]C[!]CRYC[;]^[C! ;SB!]JC!UdeICS!?US]CS]y!7C!^\CB!]JC\C!?USBK]KUS\!]U!BC\?[K>CB!RK?[U>K;Q!?URR^SK]KC\!]J;]!?UQUSKfCB! \];KSQC\\!\]CCQ!;SB!KSHC[!]JC!H[;?]KUS!UH!]JC\C!RK?[U>K;Q!?URR^SK]KC\!;\\U?K;]CB!cK]J!CSSU>QCRCS]y!!

)S!]JC!!J;Y]C[!)v!cC!^\CB!;!]CRYC[;]^[C!I[;BKCS]!;SB!>KUR;[PC[!BC]C?]KUS!]U!KBCS]KHe!]JC!>;?]C[K;Q!/45\! USQe! Y[C\CS]! ;]! ]CRYC[;]^[C\! cK]J! ]JC! CSSU>QCRCS]! U>\C[bCBy! 7C! HU^SB! ;S! /45! ;HHKQK;]CB! cK]J! {!6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|v!;SB!CQC?][U][UYJK?!>;?]C[K;Q!;>QC!]U!^\C!;!?;]JUBC!;\!;S!Cd][;?CQQ^Q;[! CQC?][US!BUSU[!]U![CB^?C!UdeICS!;SB!cC!Y[UYU\CB!;!RUBCQ!KS!cJK?J!CQC?][U][UYJK?!>;?]C[K;!;[C!;>QC!]U! ^\C!]JC!\];KSQC\\!\]CCQ!Y;\\Kb;]KUS!?^[[CS]!]U![CB^?C!UdeICSv!JCS?C!KS?[C;\KSI!]JC!YU]CS]K;Qy!7C!;Q\U! KBCS]KHKCB!JeB[U?;[>US!BCI[;BKSI!>;?]C[K;!;\\U?K;]CB!cK]J!CSSU>QCRCS]!cK]J!SU!CdYQ;S;]KUS!\U!H;[y!!

4JC! \C?USB! CSbK[USRCS];Q! H;?]U[! KSHQ^CS?KSI! ]JC! CSSU>QCRCS]! K\! ]JC! UdeICS! ?US]CS]v! cJK?J! c;\! ;\\C\\CB!KS!]JC!!J;Y]C[!))y!)S!;BBK]KUSv!cC!?URY;[CB! ]JC! RK?[U>K;Q! ?URR^SK]KC\! US! SUSÉ?USB^?]KbC! \^[H;?C! QKPC! IQ;\\y! 4JCS! ;I;KSv! cC! HU^SB! /45\! ;HHKQK;]CB! ]U! JeB[U?;[>US! BCI[;BKSI! >;?]C[K;! >^]! KS]C[C\]KSIQev!SU!PSUcS!CQC?][U;?]KbC!>;?]C[K;v!\^IIC\]KSI!]J;]!BKbC[\Cv!eC]!^SKBCS]KHKCB!>;?]C[K;!;[C!;>QC! ]U!][KIIC[!CSSU>QCRCS]!

)S! ]JC! !J;Y]C[! )))v! ]U! ?USHK[R! ]JC! Y^];]KbC! [UQC! UH! CQC?][U][UYJK?! >;?]C[K;v! cC! ^\CB! YU]CS]KU\];]K?! ?USBK]KUS!]U!KBCS]KHe!]JC!CQC?][U][UYJK?!>;?]C[K;!S;]^[;QQe!U??^[[KSI!KS!UYCS!?K[?^K]!?USBK]KUSy!4JK\!]KRCv! cC!^\CB!RC];ICSURK?\!KS\]C;B!UH!íó3![2.9!;RYQK?US\!;SB!KBCS]KHKCB!;!RC];ICSURCÉ;\\CR>QCB!ICSURC! á-9'à!bC[e!?QU\C!]U!]JC!ICSURC!UH!{ !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|y!4JK\!-9'!c;\!USQe!U??^[[KSI! ^SBC[!UYCS!?K[?^K]!?USBK]KUS!cJK?J!Y[UbKBC\!RU[C!CbKBCS?C!HU[!]JC!RUBCQÖY[UYU\CB!KS!]JC!!J;Y]C[!)Ö KS!cJK?J!CQC?][U][UYJK?!>;?]C[K;!cU^QB!KSHQ^CS?C!]JC!UYCS!?K[?^K]!YU]CS]K;Q!;SB!?US\CZ^CS]Qe!RCBK;]C! ]JC!CSSU>QCRCS]

ïì! ! /6$26)$73!9.#!/ *$!4)6$3! Ñ!6$23)/.!&29."9)3$ ! !

,|U>OC?]KH! BC! ?C]]C! ]JD\C! C\]! B|E]^BKC[! ^S! YJESURDSC! RK?[U>KUQUIKZ^C! SUSÉEQ^?KBE! QK\\CRCS]!BC\!;?KC[\!KSUdeB;>QC\!CS!C;^!BC!RC[v! C]! BC! Y[UYU\C[! ^S! RE?;SK\RC! RK?[U>KCS! CS! ;??U[B!;bC?!QC\!U>\C[b;]KUS\![;YYU[]EC\!B;S\!Q;!QK]]E[;]^[Cy!0U^[!?CQ;v!SU^\!;bUS\!;\\U?KE!Q|EQC?][U?JKRKCv! Q;!>KUQUIKC!RUQE?^Q;K[C!C]!Q;!>KUKSHU[R;]KZ^C!B;S\!^SC!?UQQ;>U[;]KUS!CS][C!Q|)S\]K]^]!BC!Q;!!U[[U\KUS!C]!QC! ,;>U[;]UK[C!BC!-K?[U>KUQUIKC!BC\!$SbK[USSCRCS]\!$d][FRC\y!!

,|;SU>QK\\CRCS]! BC\! ;?KC[\! KSUdeB;>QC\! C\]! RUB^QE! Y;[! BC\! H;?]C^[\! CSbK[USSCRCS];^d! ?URRC! Q;! ]CRYE[;]^[C!BC!Q|C;^!BC!RC[!U^!Q;!]CSC^[!CS!UdeIDSCy!.U^\!;bUS\!^]KQK\E!?C\!?USBK]KUS\!YU^[!BE?[K[C!QC\! ?URR^S;^]E\!RK?[U>KCSSC\!Z^K!?UQUSK\CS]!QC\!;?KC[\!KSUdeB;>QC\!C]!KBCS]KHKC[!Q;!H[;?]KUS!RK?[U>KCSSC! ;\\U?KEC!QK\\CRCS]y!!

#;S\!QC!!J;YK][C!)v!SU^\!;bUS\!^]KQK\E!^S!I[;BKCS]!BC!]CRYE[;]^[C!C]!^SC!BE]C?]KUS!BC!>KUR;[Z^C^[\!YU^[! KBCS]KHKC[!QC\!/45\!Y[E\CS]\!^SKZ^CRCS]!QU[\!BC!Q|;SU>QK\\CRCS]y!.U^\!;bUS\!][U^bE!^S!/45!;HHKQKE!96HIG !4CSBC[K;!CQC?][UYJ;I;|v!^SC!>;?]E[KC!EQC?][U][UYJC!?;Y;>QC!B|^]KQK\C[!^SC!?;]JUBC!?URRC! BUSSC^[!B|EQC?][US\!YU^[![EB^K[C!BC!Q|UdeIDSCy!.U^\!;bUS\!Y[UYU\E!^S!RUBDQC!B;S\!QCZ^CQ!QC\!>;?]E[KC\! EQC?][U][UYJC\!^]KQK\CS]!QC!?U^[;S]!B^!HKQR!Y;\\KH!BC!Q|;?KC[!KSUdeB;>QC!YU^[![EB^K[C!BC!Q|UdeIDSCv!C]!;KS\K! ;^IRCS]C[! QC! YU]CS]KCQy! .U^\! ;bUS\! ;^\\K! KBCS]KHKE! BC\! >;?]E[KC\v! BEI[;B;S]! BC\! JeB[U?;[>^[C\v! ;\\U?KEC\!;bC?!Q|;SU>QK\\CRCS]v!\;S\!?USS;L][C!QC^[![WQC!

,C!\C?USB!H;?]C^[!CSbK[USSCRCS];Q!Z^K!KSHQ^CS?C!Q|;SU>QK\\CRCS]!C\]!Q;!]CSC^[!CS!UdeIDSCv!E]^BKE!B;S\! QC!!J;YK][C!))y!.U^\!;bUS\!;^\\K!?URY;[E!QC\!?URR^S;^]E\!RK?[U>KCSSC\!;bC?!BC\!\^[H;?C\!SC!?USB^K\;S]! Y;\!Q|EQC?][K?K]E!?URRC!QC!bC[[Cy!$S?U[C!^SC!HUK\v!SU^\!;bUS\!KBCS]KHKE!BC\!/45\!;HHKQKE\!;?]E[KC\! BEI[;B;S]!BC\!JeB[U?;[>^[C\!R;K\!Y;\!BC!>;?]E[KC\!EQC?][U][UYJC\!?C!Z^K!\^IID[C!Z^|^SC!BKbC[\K]E!BC! >;?]E[KC\v!SUSÉKBCS]KHKEC\v!\US]!?;Y;>QC!BC!Y[UB^K[C!Q|;SU>QK\\CRCS]y!!

#;S\! QC! !J;YK][C! )))v! SU^\! ;bUS\! ^]KQK\E! ^SC! ?USBK]KUS! YU]CS]KU\];]KZ^C! YU^[! KBCS]KHKC[! QC\! >;?]E[KC\! EQC?][U][UYJC\!S;]^[CQQCRCS]!Y[E\CS]C\!CS!?USBK]KUS!BC!YU]CS]KCQ!QK>[C!YU^[!?USHK[RC[!QC^[![WQC!\^YYU\E! B;S\!Q|;SU>QK\\CRCS]y!.U^\!;bUS\!^]KQK\E!^SC!;YY[U?JC!BC!RE];IESURKZ^C!C]!KBCS]KHKE!^S!IESURC!K\\^! BC!Q|;\\CR>Q;IC!RE];IESURKZ^C!á-9'à!][D\!Y[U?JC!B^!IESURC!BC!{!6P!4CSBC[K;!CQC?][UYJ;I;|y!!C!-9'! S|E];K]! Y[E\CS]! Z^|CS! ?USBK]KUS! BC! ?K[?^K]! U^bC[]! ?C! Z^K! [CSHU[?C! SU][C! JeYU]JD\C! Y[UYU\EC! B;S\! QC! !J;YK][C!)y

! !

! !

!

!

!

!

!

!!(904$2! )x! ).&,5$.!$!/&!3$9794$2! 4$-0$29452$!

! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

#D=;LJG9;LBN=+:9;L=JB9+9KKG;B9L=<+OBLA++ KL9BFD=KK+KL==D+=FFG:D=E=FL+BF+K=9O9L=JV+

+

&QU[K;S!4[KIUBC] ívì v!.K?UQ;\!,;[?JE ìv!(KQ;[e!'y!-U[[K\US îv!-UJ;RCB!*C>>;[ ív!#URKSKZ^C!4JKC[[e ìv!,UM\! -;KISKCS ívîâ!

!

í! 5SKbC[\K]E! BC! [C\]v! !.23v! )H[CRC[v! 5-2óíöòv! ,;>U[;]UK[C! BC! -K?[U>KUQUIKC! BC\! $SbK[USSCRCS]\! $d][FRC\v!ìöìôë!0QU^f;SEv!&[;S?Cy!

ì!&[CS?J!!U[[U\KUS!)S\]K]^]Cv! [C\]v!&[;S?C!!

î! *U\CYJKSC! ;e! 0;^Q! !CS]C[! HU[! !URY;[;]KbC! -UQC?^Q;[! KUQUIe! ;SB! $bUQ^]KUSv! -;[KSC! KUQUIK?;Q! ,;>U[;]U[ev!7UUB\!(UQCv!539!

!

9[]K?QC!Y^>QK\JCB!KS!&[US]KC[\!KS!-K?[U>KUQUIe!x!J]]Y\xÇÇBUKyU[IÇíëyîîôöÇHRK?>yìëíöyëëíòë!

! +

ïó! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

!

!

!

cV ! 0$13+$ +

,C\!RK?[UU[I;SK\RC\!YC^bCS]!;^IRCS]C[!QC!YU]CS]KCQ!QK>[C!BC\!;?KC[\!KSUdeB;>QC\!KRRC[IE\!CS!C;^!BC! RC[!Y;[!YQ^\KC^[\!?CS];KSC\!BC!RKQQKbUQ]\!B;S\!^S!YJESURDSC!;YYCQE!;SU>QK\\CRCS]y!!CQ;!;^IRCS]C!QC\! [K\Z^C\!BC!?U[[U\KUS!?;[!QC!YU]CS]KCQ!QK>[C!YC^]!;QU[\!BEY;\\C[!QC!YU]CS]KCQ!?[K]KZ^C!BC!?U[[U\KUS!QU?;QK\Ey! -;QI[E!Q|KRY;?]!BC!Q|;SU>QK\\CRCS]v!;^?^S!RE?;SK\RC!S|;!E]E!BE?[K]!YU^[!CdYQKZ^C[!QC!YJESURDSCy!#;S\! ?C!][;b;KQv!SU^\!RUS][US\!Z^C!Q;!>;?]E[KC!EQC?][U][UYJC!{!6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|!C\]!KBCS]KHKEC! ?URRC!>KUR;[Z^C^[!BC!Q|;SU>QK\\CRCS]!C]!S|C\]![C][U^bEC!Z^|QK\\CRCS]!C\]!U>\C[bEy!,U[\!B|^SC!;^][C!E]^BCv!?C]]C!>;?]E[KC!;!E]E!CS[K?JKC!\^[!^SC!>KU?;]JUBCy! .U\! [E\^Q];]\! \^IID[CS]! Z^C! {!6C9>96HIG ! 4CSBC[K;! CQC?][UYJ;I;|v! C]! \US! RE];>UQK\RC! BC! ][;S\HC[]! B|EQC?][US!Cd][;?CQQ^Q;K[C!?U^YQE![C!BC\!;?KC[\!KSUdeB;>QC\!C]!Y;[!?US\EZ^CS]!KSB^K[C!Q|;SU>QK\\CRCS]y!

+

! +

! ïò! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

!

!

!

dV ! = 120=!2 +

-K?[UU[I;SK\R\! ?;S! KS?[C;\C! ]JC! UYCSÉ?K[?^K]! YU]CS]K;Q! UH! \];KSQC\\! \]CCQ! KRRC[\CB! KS! \C;c;]C[! UH! \CbC[;Q!J^SB[CB!RKQQKbUQ]\!KS!;!YJCSURCSUS!?;QQCB!CSSU>QCRCS]y!)]![;K\C\!]JC!?J;S?C!UH!?U[[U\KUS!;\!]JC! UYCSÉ?K[?^K]! YU]CS]K;Q! R;e! IU! UbC[! ]JC! YK]]KSI! ?U[[U\KUS! YU]CS]K;Qy! #C\YK]C! ]JC! Q;[IC! KRY;?]! UH! ]JC! CSSU>QCRCS]v!SU!^SKHeKSI!RC?J;SK\R\!J;bC!>CCS!BC\?[K>CB!;\![C\YUS\K>QC!HU[!]JC!YJCSURCSUSy!(C[C! cC!\JUc!]J;]!]JC!\][K?]!CQC?][U][UYJ!>;?]C[K^R!{ !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|!K\!BC]C?]CB!;\!;S! CSSU>QCRCS]!>KUR;[PC[!;SB!K\!USQe!Y[C\CS]!;]!]CRYC[;]^[C\!;]!cJK?J!cC!U>\C[bC!CSSU>QCRCS]y!4JK\! >;?]C[K^R!c;\!Y[CbKU^\Qe!CS[K?JCB!KS!>KU?;]JUBC!\e\]CR\y!/^[![C\^Q]\!\^IIC\]!]J;]!{ !6C9>96HIG !4CSBC[K;! CQC?][UYJ;I;|v!;SB!K]\!Y[CbKU^\Qe!BC\?[K>CB!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!RC];>UQK\R!?U^YQCB!]U!UdeICS! [CB^?]KUS! ;?]KbK]ev! ?U^QB! YQ;e! ;! ?CS][;Q! [UQC! KS! RUB^Q;]KSI! \];KSQC\\! \]CCQ! UYCSÉ?K[?^K]! YU]CS]K;Q! ;SB! ?US\CZ^CS]Qe!RCBK;]KSI!CSSU>QCRCS]y! !

ïô! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

eV ! (,20-"3!2(-, +

7JCS! KRRC[\CB! KS! UdK?! \C;c;]C[v! RC];Q\! ;SB! ;QQUe\! ?;S! HU[R! ;S! CQC?][U?JCRK?;Q! ?CQQ! cK]J! RC];Q! UdKB;]KUS!;\!;S!;SUBC![C;?]KUS!;SB!UdeICS![CB^?]KUS!;]!]JC!?;]JUBCy!)S!]JC!?;\C!UH!\];KSQC\\!\]CCQv!RC];Q! á![v!.Kv!-Uv!zà!UdKBC\!HU[R!;!\U!?;QQCB!Y;\\KbC!Q;eC[!Q;[ICQe!Y[CbCS]KSI!CQC?][US!HQUc!>C]cCCS!]JC\C!]cU! CQC?][UBC\y!9\!;!?US\CZ^CS?Cv!\];KSQC\\!\]CCQ!CdJK>K]!;!RC;\^[;>QC!CQC?][U?JCRK?;Q!YU]CS]K;Q!>C]cCCS! ]JC\C!]cU!J;QH!?CQQ\v!?;QQCB!/YCS!!K[?^K]!0U]CS]K;Q!á/!0à!\KS?C!SU!?^[[CS]!K\!B[;cS! H[UR!]JC!\e\]CRy! 3];KSQC\\!\]CCQ!/!0![C\^Q]\!H[UR!]JC!?US?CS][;]KUS!UH!]JC![C;?];S]\v!HU[R;Q!J;QHÉ?CQQ![C;?]KUS!YU]CS]K;Q! á$é|à!;SB!]JC!PKSC]K?!Y;[;RC]C[\!;\\U?K;]CB!cK]J!C;?J!J;QHÉ?CQQ![C;?]KUSy!)]!?;S!>C!RC;\^[CB!KS!\K]^!^\KSI! ;![CHC[CS?C!CQC?][UBC!UH!;!PSUcS!YU]CS]K;Qy!3];KSQC\\!\]CCQ!CSSU>QCRCS]!K\!;!cCQQÉPSUcS!YJCSURCSUS! ?U[[C\YUSBKSI!]U!;S!KS?[C;\C!UH!]JC!/!0v!]eYK?;QQe!>e!ïëëÉñëë!R6v!cJCS!]JC\C!;QQUe\!;[C!KRRC[\CB!KS! \C;c;]C[!á-UQQK?;!;SB!4[CbK\v!íöòóày!9\!]JC!/!0!b;Q^C!IC]\!?QU\C[!]U!]JC!YK]]KSI!?U[[U\KUS!YU]CS]K;Qv!]JC! Y[U>;>KQK]e!UH!\];KSQC\\!\]CCQ!YK]]KSI!;SB!?[CbK?C!?U[[U\KUS!KSK]K;]KUS!KS?[C;\C\v!JCS?C!]JC!?CS][;Q!Y[U>QCR! [;K\CB!>e!CSSU>QCRCS]!á-UQQK?;v!íööìw!:J;SI!;SB!#Cd]C[v!íööñày!$SSU>QCRCS]!K\!;!>KU]K?!Y[U?C\\!;\!K]!K\! BCYCSBCS]!US!RK?[U>K;Q!?UQUSKf;]KUS!;SB!BCbCQUYRCS]!US!]JC!\];KSQC\\!\]CCQ!\^[H;?C!á'`RYCQ!C]!;Qyv! ìëëów!,C! UfC?!C]!;Qyv!ìëëíw!-U]UB;!C]!;Qyv!íööëw!3?U]]U!;SB!,;Kv!íööôw!7CK!C]!;Qyv!ìëëñày!

3];KSQC\\!\]CCQ\!;[C!?URRUSQe!^\CB!>^KQBKSI!R;]C[K;Q!KS!\C;c;]C[!\e\]CR\!;SB!BC\YK]C!]JC!Q;[IC!KSB^\][K;Q! KRY;?]!UH!]JC!CSSU>QCRCS]v![CQ;]KbCQe!QK]]QC!K\!PSUcS!;>U^]!]JC!BKbC[\K]e!;SB!]JC!;?]^;Q!;?]KbK]e!UH!R;[KSC! RK?[UU[I;SK\R\! ]J;]! ?UQUSKfC! \];KSQC\\! \]CCQy! 4JC[C! ;[C! b;[KU^\! JeYU]JC\C\! [CI;[BKSI! ]JCK[! YU\\K>QC! ?US][K>^]KUS\!]U!CSSU>QCRCS]v!;\!\^RR;[KfCB!KS!,K]]QC!C]!;Qyv!ìëëôy!4JC[C!;[C!]J[CC!c;e\!UH!KS?[C;\KSI! ]JC!/!0x!áíà!]JC[RUBeS;RK?\v!áìà!PKSC]K?\!;SB!áîà!;Q]C[;]KUS!UH!]JC!S;]^[C!UH!]JC![CB^?]KUS![C;?]KUSy!9! BC?[C;\C!UH!]JC!\^[H;?C!Y(!?U^QB!]JC[RUBeS;RK?;QQe!KS?[C;\C!]JC!U>\C[bCB!/!0y!(UcCbC[v!;\!\JUcS!>e! #Cd]C[!;SB!!J;SB[;\CP;[;Sv!ìëëëv!]JC!Y(!?J;SIC\!KS!;!JC]C[UICSCU^\!>KUHKQR!;[C!JKIJQe!b;[K;>QC!;SB! ;Q\U!?J;QQCSIKSI!]U!RC;\^[Cy!+KSC]K?;QQev!;S!KS?[C;\C!UH!]JC!?;]JUBK?![C;?]KUS![;]C!?;S!;Q\U![C\^Q]!KS!;S! KS?[C;\C!UH!]JC!/!0y!0[CbKU^\!cU[P\!J;bC!BCRUS\][;]CB!]J;]!\^[H;?C!RK?[UU[I;SK\R\!KS?[C;\C!?;]JUBK?! [CB^?]KUS!CHHK?KCS?e!á9^BU^;[B!C]!;Qyv!íööïw!(UQ]JC!C]!;Qyv!íöôöw!*UJS\CS!;SB! ;[B;Qv!íöôñw!,;[?JE!C]!;Qyv! ìëííw!,C! UfC?!C]!;Qyv!ìëëíw!-UQQK?;!;SB!3?U]]Uv!íööów!2UISC!;SB!3]CKS\RUv!íööów!4JKC[[e!C]!;Qyv!ìëíñw! :J;SI!;SB!#Cd]C[v!íööñày!/]JC[![C;?]KUS\!\^?J!;\!R;SI;SC\C!UdKBC![CB^?]KUS!KS!H[C\Jc;]C[!á#K?PKS\US!

! ïö! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

C]!;Qyv!íööów!'`RYCQ!C]!;Qyv!ìëëóà!;SB!]JC!HU[R;]KUS!UH!JeB[UICS!YC[UdKBC!?U^QB!;Q\U!?US][K>^]C!]U!]JC! KS?[C;\C!UH!]JC!/!0!;\!K]!K\!;!\][USIC[!UdKB;S]!]J;S!UdeICS!cK]J!;!JKIJC[![CBUd!YU]CS]K;Q!á,;SBU^Q\K!C]!;Qyv! ìëëô?ày!

7JKQC!]JC!RC?J;SK\R\!UH!CSSU>QCRCS]!;[C!\]KQQ!BK\?^\\CBv!]JC!\C;c;]C[!]CRYC[;]^[C!J;\!>CCS!KBCS]KHKCB! ;\! ;! ?[K]K?;Q! Y;[;RC]C[y! $SSU>QCRCS]! K\! ;! ]CRYC[;]^[C! BCYCSBCS]! Y[U?C\\v! ^SBC[IUKSI! ;! ?URYQC]C! KSJK>K]KUS!;>UbC!;!?[K]K?;Q!]CRYC[;]^[C!;[U^SB!ïëé!!KS!]CRYC[;]C!\C;c;]C[!;SB!H[C\Jc;]C[!á#^YUS]!C]! ;Qyv!íööòw!'`RYCQ!C]!;Qyv!ìëëów!-;[]KS!C]!;Qyv!ìëëîw!3?U]]U!C]!;Qyv!íöôów!4JKC[[e!C]!;Qyv!ìëíñà!4JK\!?[K]K?;Q! ]CRYC[;]^[C!\CCR\!]U!b;[e!cK]J!ICUI[;YJe!;\!K]!K\!îìé!!KS!]JC!.U[cCIK;S!;SB! ;Q]K?!\C;!á ;[B;Q!C]!;Qyv! íööîw! -;]]KQ;! C]! ;Qyv! ìëëëày! #C\YK]C! \^\];KSCB! [C\C;[?J! US! ]JK\! KRYU[];S]! YU]CS]K;Q! RUB^Q;]KUSv! SU! RC?J;SK\R\!J;bC!>CCS!BC\?[K>CB!]J;]!?;S!CdYQ;KS!]JC!YU]CS]K;Q!CSSU>QCRCS]v!SU[!?U^QB!]JC!Y[KR;[e! \U^[?C!UH!CQC?][US\!HU[!]JC\C!?;]JUBK?![C;?]KUS\!>C!KBCS]KHKCBy!

3URC!RK?[UU[I;SK\R\!?;S!YC[HU[R!BK[C?]!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!]U!;SB!H[UR!CQC?][UBC\y!4JK\!c;\! BCRUS\][;]CB!KS!?US][UQQCB!\e\]CR\!\^?J!;\!RK?[U>K;Q!H^CQ!?CQQ\y!9!cKBC!BKbC[\K]e!UH!RK?[UU[I;SK\R\!?;S! ?J;SSCQ! CQC?][US\! [C\^Q]KSI! H[UR! \UQ^>QC! \^>\][;]C! UdKB;]KUS! ]Uc;[B! ;S! ;SUBCv! ]J^\! ?[C;]KSI! ;! RC;\^[;>QC!?^[[CS]!KS!]JC\C!>KUCQC?][U?JCRK?;Q!\e\]CR\!á0JKQKY\!C]!;Qyv!ìëíñày!&;[!HCcC[!RK?[UU[I;SK\R\! cC[C!KBCS]KHKCB!;\!?;]JUBK?!CQC?][US!;??CY]U[!á2;>;Ce!C]!;Qyv!ìëëôày!$QC?][U;?]KbC!RK?[UU[I;SK\R\!\^?J! ;\! %:D768H:F5GIA;IFF:9I8:CG !U[! /=:K6C:AA65DC:>9:CG>G !J;bC!>CCS!^\CB!;\!RUBCQ\!]U!^SBC[\];SB!]JC! CQC?][UICSK?!RC];>UQK\R!U[!]JC!CQC?][US!Y;]Jc;e!H[UR!;!\UQ^>QC!CQC?][US!BUSU[!]U!;S!;SUBCy!(UcCbC[v! ]JCe!cC[C!;Q\U!BC\?[K>CB!;\!CQC?][U][UYJv!YC[HU[RKSI!]JC![CbC[\C![C;?]KUS!^\KSI!;S!CQC?][UBC!;\!CQC?][US! BUSU[y! /=:K6C:AA65DC:>9:CG>G !K\!;>QC!]U!\cK]?J!H[UR!;S!CQC?][UICSK?!RC];>UQK\R!]U!;S!CQC?][U][UYJK?!>e! [CbC[\KSI!K]\!CQC?][US!][;S\YU[]!Y;]Jc;e!á2U\\!C]!;Qyv!ìëííày!3KRKQ;[Qev! %:D768H:F !\YC?KC\!;[C!;Q\U!;>QC!]U! ;?]!;\!CQC?][U][UYJ\!]U![CB^?C!H^R;[;]C!]U!\^??KS;]C!U[!SK][;]C!]U!SK][K]C!cK]J!CQC?][US\!Y[UbKBCB!H[UR!;! ?;]JUBC! ]J[U^IJ! ;! BK[C?]! CQC?][US! ^Y];PC! RC?J;SK\R! á'[CIU[e! C]! ;Qyv! ìëëïw! 3][e?J;[f! C]! ;Qyv! ìëííày! %:D768H:F !GIA;IFF:9I8:CG !?;S!KS?[C;\C!]JC!UYCSÉ?K[?^K]!YU]CS]K;Q!>e!\CbC[;Q!J^SB[CB!R6!US!\];KSQC\\! \]CCQ! ^SBC[! ;SUdK?! ?USBK]KUS! bK;! ;S! CQC?][U][UYJK?! RC];>UQK\R! ]U! [CB^?C! H^R;[;]C! ]U! \^??KS;]C! á-CJ;SS;! C]! ;Qyv! ìëëö>v! ìëíëày! #C\YK]C! ]JC! ;>\CS?C! UH! ;! RUBCQ! CQC?][U][UYJK?! >;?]C[K^R! ?^Q]Kb;]CB! ^SBC[!;C[U>K?!?USBK]KUS\v!\URC!Y^[C!?^Q]^[C\!cC[C!;>QC!]U!?;];QefC!]JC!CQC?][U?JCRK?;Q![CB^?]KUS!UH!

ñë! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

UdeICS!á$[;>QC!C]!;Qyv!ìëíëw!2;>;Ce!C]!;Qyv!ìëëôàv!;\!cCQQ!;\!\URC!CSbK[USRCS];QQe!CS[K?JCB!?URR^SK]KC\! á-KQSC[!C]!;Qyv!ìëíów!2KR>U^B!C]!;Qyv!ìëíòw!2U]J>;QQC[!C]!;Qyv!ìëíñw!3][e?J;[fÉ'Q;bCS!C]!;Qyv!ìëíîày!2C?CS]Qev! ]JC!\]^Be!UH!;!>;?]C[K;Q!?URR^SK]e!BCbCQUYCB!US!;!>KU?;]JUBC!QCB!]U!]JC!KBCS]KHK?;]KUS!UH!{ !6C9>96HIG ! 4CSBC[K;!CQC?][UYJ;I;|x!;!\][K?]!CQC?][U;^]U][UYJK?!>;?]C[K^R!;>QC!]U!^\C!;!?;]JUBC!;\!;S!CQC?][US!BUSU[! ]U![CB^?C!UdeICS!;SB!;>QC!]U!HKd!?;[>US!BKUdKBC!á$BBKC!C]!;Qyv!ìëíóày! 4JC!Y[C\CS?C!UH!CQC?][U][UYJK?! >;?]C[K;!^SBC[!S;]^[;Q!?USBK]KUS\!cK]J!;C[;]CB!\C;c;]C[!J;\!SU]!eC]!>CCS!Y[UYU\CB!;\!;!YU\\K>QC![C;\US! HU[!YU]CS]K;Q!CSSU>QCRCS]!BC\YK]C!]JCK[!;YY;[CS]!;>KQK]e!]U!?J;SIC!]JC!/!0y!

9\! ]JC! [;]KUS;QC! HU[! ]JK\! \]^Bev! cC! JeYU]JC\KfC! ]J;]! CQC?][U][UYJK?! >;?]C[K;! ?U^QB! >C! KSbUQbCB! KS! CSSU>QCRCS]! >e! B[;cKSI! CQC?][US\! H[UR! KRRC[\CB! \];KSQC\\! \]CCQ!KS! UYCSÉ?K[?^K]! ?USBK]KUS! ácK]JU^]! ;BBK]KUS;Q!?^[[CS]!Y[UbKBCBày!(UcCbC[v!]U!U^[!PSUcQCBICv!SU!\]^Be!UH!\];KSQC\\!\]CCQ!\^[H;?C!RK?[U>K;Q! ?URR^SK]e!\][^?]^[C!cK]J!JKIJ!]J[U^IJY^]!\CZ^CS?KSI!RC]JUB\!J;\!>CCS!?;[[KCB!U^]!eC]v!CbCS!QC\\!\U! KS![CQ;]KUS!]U!RUB^Q;]KUS!UH!]JC!CQC?][U?JCRK?;Q!YU]CS]K;Q!UH!]JK\!R;]C[K;Qy!4U!]C\]!U^[!JeYU]JC\K\v!cC! ]J^\! ^\CB! ]JC! ]CRYC[;]^[C! BCYCSBCS?C! Y[UYC[]e! UH! CSSU>QCRCS]! ;SB! Cd;RKSC! BK\]KS?]KbC! ];d;! KS! CSSU>QCRCS]!b\y!SUS!CSSU>QCRCS]!?USBK]KUS\y!

! +

! ñí! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

fV ! +=2#0(=*+=,"+ +#2'-"1 +

fVcV !+=2#0(=*1 +

4JC!R;]C[K;Q!^\CB!KS!;QQ!CdYC[KRCS]\!c;\!\^YC[!B^YQCd!\];KSQC\\!\]CCQ!á3îìòñëà!YQ;]C\!UH!íëë!RR!d!ñë! RR!d!íë!RR!á&[CS?J!!U[[U\KUS!)S\]K]^]Cv!&[;S?Cày!4JC!SURKS;Q!?URYU\K]KUS!UH!]JC!\];KSQC\\!\]CCQ!K\!ìñyí•! ![v!òyë•!.Kv!îyô•!-Uv!ëyíî•!!^v!ëyìö•!.v!?URYQC]CB!cK]J!&Cy!4JC!YK]]KSI![C\K\];S?C!CZ^Kb;QCS]!S^R>C[\! K\!ïìyî!á•![!¶!îvî•á-U!¶!ëyñ•7à!¶!íó•.ày!0[KU[!]U!CdYU\^[Cv!]JC!YQ;]C\!cC[C!c;\JCB!HU[!ìë!RKS!KS!ìë! •!SK][K?!;?KB!;SB!\]C[KQKfCB!>e!;^]U?Q;bKSI!HU[!ìë!RKS!;]!íìíé!!áB[e!?e?QCày +

fVdV !#6.#0(+#,2=*+1#2 \3. +

7C!CdYU\CB!;QQ!?U^YUS\!KS!îëë!,!\C;c;]C[!];SP\![CSCcCB!;]!;S!;YY[UdKR;]CB![;]C!UH!íì!,ÇJ!cK]J!;S! KS?URKSI!\C;c;]C[!H[UR!]JC!>;e!UH! [C\]!á&[;S?Cà!áïôéìíäîìyíã.!ïéîîäëòyïã7ày!3C;c;]C[!];SP\!cC[C! JC;]CB! ;]! îëé!v! îîé!v! îóé!v! îôé!v! ;SB! ïëé!! á¶ÇÉëyñé!ày! 3KS?C! USQe! ]J[CC! ];SP\! cC[C! ;b;KQ;>QCv! ]JC! CdYC[KRCS]!c;\![^S!]cK?Cx!îëé!v!îîé!!;SB!îóé!w!;SB!îëé!v!îôé!v!;SB!ïëé!!USC!cCCP!;H]C[!]JC!HK[\]!\C[KC\y! 3;RYQC\!cC[C!?UQQC?]CB!;H]C[!ò!B;e\!UH!CdYU\^[C!B^[KSI!-;[?J!ìëíñy!7C!;Q\U!^\CB!]cU!S;]^[;Q!\C;c;]C[! \;RYQC\!áñ!,v!S!ß!îà!?UQQC?]CB!H[UR!;! ;e!UH! [C\]!?U;\];Q! RK?[U>K;Q! U>\C[b;]U[e! ?QU\C! ]U! ]JC! ];SP\|! \C;c;]C[!Y^RY!KS];PCy!4JC!]cU!\;RYQKSI\!]UUP!YQ;?C!US!]JC!ìëíñÉëîÉëì!;SB!ìëíñÉëîÉìóv!>CHU[C!;SB! ;H]C[!]JC!?U^YUS!CdYU\^[Cy!3C;c;]C[!c;\!Y[CÉHKQ]C[CB!US!;!î!¨R!HKQ]C[!;SB!>;?]C[K;!?UQQC?]CB!US!;!ëyìì! ¨R!\]C[KbCd!HKQ]C[y!

fVeV !-!. ++#=130#+#,21+=,"+!=2'-"(!+.-*=0(8=2(-,+!304#1 +

3];KSQC\\!\]CCQ!\;RYQC\!cC[C!JCQB!>e!;!]K];SK^R!cK[C! ]U! RC;\^[C! ]JC! UYCSÉ?K[?^K]! YU]CS]K;Q! cK]J! ;S! 9IÇ9I!Q![CHC[CS?C!CQC?][UBCy! 4JC!CQC?][UBC\!cC[C!?;QK>[;]CB!cK]J!\;]^[;]CB!?;QURCQ!CQC?][UBC! á3!$à! 2$&ïìí!á2;BKURC]C[v!&[;S?Cày!4JC!^\C!UH!]K];SK^R!cK[C\!J;\!>CCS!BU?^RCS]CB!KS!Y[CbKU^\!cU[P\!;SB! KSJK>K]\!I;Qb;SK?!?U[[U\KUS!;]!]JC!YUKS]!UH!?US];?]!cK]J!\];KSQC\\!\]CCQ!á$\YCQKBv!ìëëîày!-C;\^[CRCS]\!UH! /!0!;SB!]CRYC[;]^[C!cC[C![C?U[BCB!CbC[e!îë!RKSy!&KbC![CYQK?;]C\!cC[C!^\CB!YC[!?USBK]KUSy!!

ñì! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

4JC!?;]JUBK?!YUQ;[Kf;]KUS!?^[bC\!cC[C!B[;cS!US!\;RYQC\!CdYU\CB!HU[!]cU!cCCP\!^SBC[!]JC!]cU!/!0! ?USBK]KUS\!UH!KS]C[C\]x!cK]J!CSSU>QCRCS]!;]!îóé!!;SB!cK]JU^]!]JC!\JKH]!UH!YU]CS]K;Q!;]!ïëé!y!7C!^\CB!;! ';R[e!2CHC[CS?C!óëë!á';R[e!)S\][^RCS]\v!5SK]CB!3];]C\à!H[UR!ìë!R6!UbC[!]JC!UYCSÉ?K[?^K]!YU]CS]K;Q!]U! Éíyì!6!b\!9IÇ9I!Q!CQC?][UBC!cK]J!;!\?;S![;]C!UH!ëyíóò!R6Ç\y!4JC!BeS;RK?!YUQ;[Kf;]KUS!?^[bC\!\];[]CB!;]! ¶ìë! R6! KS! U[BC[! ]U! IC]! HK[\]! YUKS]\! UH! ]JC! ;SUBK?! >[;S?J! cK]JU^]! YC[]^[>KSI! ]JC! UdKBC! Q;eC[! >CHU[C! ?;]JUBK?!\?;Sy!9QQ!YU]CS]K;Q!b;Q^C\!cC[C!?U[[C?]CB!>;\CB!US!]JC![CHC[CS?C!CQC?][UBC!?;QK>[;]KUS!cK]J!3!$y! 7C!U>];KSCB!;S!C\]KR;]KUS!UH!]JC!Y;\\Kb;]KUS!?^[[CS]!>e!B[;cKSI!]JC!KS]C[\C?]KUS!UH!]JC!];SICS]!UH!]JC! ;SUBK?!;SB!?;]JUBK?!>[;S?JC\!?QU\C!]U!/!0!b;Q^Cy!

fVfV !1#+ +(+=&(,& +

#CBK?;]CB!?U^YUS\!áìë!RR!d!ìë!RR!d!íyñ!RRà!cC[C!HKdCB!HU[!\?;SSKSI!CQC?][USK?!RK?[U\?UYe!á3$-à!cK]J! ìyñ•! IQ^];[;QBCJeBC! \C;c;]C[! HU[! USC! JU^[v! ]JCS! [KS\CB! ]J[CC! ]KRC\! KS! \C;c;]C[! HU[! íñ! RKSy! 4JC! BCJeB[;]KUS!Y[U?C\\!KSbUQbCB!HU^[!c;\JC\!UH!íñ!RKS!KS!KS?[C;\KSI!?US?CS][;]KUS\!UH!C]J;SUQ!áñë•v!òë•v! öë•!;SB!íëë•à!HUQQUcCB!>e!\KRKQ;[!c;\JC\!KS!JCd;RC]JeQBK\KQ;f;SC!á(-#3à!;SB!C]J;SUQ!\UQ^]KUS!á£! (-#3v!¢!(-#3v!§!(-#3!;SB!íëë•!(-#3ày!7C!U>\C[bCB!\^[H;?C!?URR^SK]KC\!cK]J!3$-!US!\;RYQC\! CdYU\CB!KS!\C;c;]C[!;]!îóé!!;SB!ïëé!!^\KSI!;! (K];?JK! 35îñëë! R;?JKSC! á(K];?JK! (KIJÉ4C?JSUQUIKC\v! 'C[R;Seày! 4U! YC[HU[R! ?CQQ! ?U^S]KSIv! cC! KR;ICB! ]CS! [;SBUR! ;[C;\! HU[! C;?J! ?USBK]KUS! ;]! díëëë! R;ISKHK?;]KUS!^\KSI!>;?P\?;]]C[CBÉCQC?][US!KR;IKSIy!0K?]^[C\!cC[C!Y[U?C\\CB!cK]J!]JC!)R;IC*!\UH]c;[C! HU[!;^]UR;]K?!?CQQ!BC]C?]KUSy!9H]C[!]JC!>;?PI[U^SB![CRUb;Qv!KR;IC\!cC[C!?USbC[]CB!KS]U!>KS;[e!>Q;?P! ;SB!cJK]C!cK]J!]JC!BCH;^Q]!]J[C\JUQB!UH!]JC!\UH]c;[Cy!4JC!Y;[]K?QC!;S;Qe\K\!c;\!^\CB!cK]J!;!RKSKR^R! ;[C;!UH!ëyñ!¨R ì!^Y!]U!ï!¨R ì!HU[!?CQQ!BC]C?]KUS!á3)!&KI^[C!îày!

fVgV !130%=!#+!#**+!-**#!2(-, +

3^[H;?C!?CQQ\!cC[C!?UQQC?]CB!KRRCBK;]CQe!;H]C[!?U^YUS!?UQQC?]KUS!^\KSI!;!\]C[KQC!?CQQ!QKH]C[!á4JC[RU!&K\JC[! 3?KCS]KHK?v!5SK]CB!3];]C\à!;SB!>e!ICS]QC!;SB!^SKHU[R!\?[;]?JKSI!KS]U!íëë!R,!UH!;!4[K\! ^HHC[CB!3;QKSC!á4 3à! \UQ^]KUS! áñë! R-! 4[K\v! íñë! R-! .;!Qv! Y(! òyóà! ^SBC[! \]C[KQC! ?USBK]KUS\! CS\^[CB! >e! ;! ^S\CS! >^[SC[v! PCCYKSI!]JC!KRRCBK;]C!;[C;!\]C[KQCy!4 3!\UQ^]KUS\!cC[C!]JCS!\]U[CB!KS!K?C!HU[!][;S\YU[]!]U!]JC!RUQC?^Q;[!

! ñî! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

Q;>y! 4 3! \UQ^]KUS\!cC[C! HKQ]C[CB! ]J[U^IJ! ëyìì! ¨R! '440! YUQe?;[>US;]C! RCR>[;SC\! á-C[?P! -KQQKYU[Cv! 5SK]CB!3];]C\à!cJK?J!cC[C!]JCS!][;S\HC[[CB!]U!0UcC[ KUHKQRå! C;B!4^>C\!H[UR!]JC!0UcC[ KUHKQR!#.9! Cd][;?]KUS!PK]!á-U KUv!5SK]CB!3];]C\ày!!US][UQ!\;RYQC\!cC[C!?UQQC?]CB!^SBC[!KBCS]K?;Q!?USBK]KUS\!;SB! bK\^;QKfCB!>e!\?;SSKSI!CQC?][US!RK?[U\?UYe!]U!CS\^[C![CRUb;Q!UH!]JC!?CQQ\!;]];?JCB!]U!]JC!\^[H;?Cy!!

fVhV !",= +#620=!2(-,+=,"+1#/3#,!(,& +

4JC!#.9!Cd][;?]KUS!c;\!YC[HU[RCB!;??U[BKSI!]U!]JC!R;S^H;?]^[C[|\!KS\][^?]KUS\!UH!]JC!0UcC[ KUHKQR! #.9!Cd][;?]KUS!PK]!á-U KUv!5SK]CB!3];]C\ày!4JC!6ïÉ6ñ![CIKUS!UH!]JC!íó3![2.9!ICSC!c;\!;RYQKHKCB!cK]J! ]JC! ñíô&! ;SB! öìó2! Y[KRC[\! H^\CB! cK]J! )QQ^RKS;! ;B;Y]C[\! ;SB! \;RYQCÉ\YC?KHK?! \C]\! UH! >;[?UBC\! ;SB! KSBCdC\!á.CQ\US!C]!;Qyv!ìëíïày!0!2!Y[UB^?]\!cC[C!bK\^;QKfCB!US!;I;[U\C!ICQ\!;SB!Y^[KHKCB!cK]J!9-0^[C!80! á9ICS?U^[]v!5SK]CB!3];]C\à![C;ICS]y!#.9!?US?CS][;]KUS!c;\!;\\C\\CB!cK]J!1^;S]ÉK4ç!0K?U'[CCSå!B\#.9! á)SbK][UICSv!5SK]CB!3];]C\à!Y[KU[!]U!YUUQKSI!]JC!0!2!Y[UB^?]\!;]!CZ^KRUQ;[!?US?CS][;]KUSy!3CZ^CS?KSI! ^\KSI!)QQ^RKS;!-K3CZ!YQ;]HU[R!c;\!YC[HU[RCB!;]!]JC!*U\CYJKSC! ;e!0;^Q!!CS]C[!á7UUB\!(UQCv!5SK]CB! 3];]C\ày!3CZ^CS?C\!cC[C!BCYU\K]CB!]U!]JC!$^[UYC;S!.^?QCU]KBC!9[?JKbC!^SBC[!]JC!;??C\\KUS!S^R>C[! 02*$ ìòñöö!áJ]]YxÇÇcccyC>Ky;?y^PÇCS;ÇB;];ÇbKCcÇ02*$ ìòñööày!

fViV ! (-(,%-0+=2(!1+=,=*71(1 +

4JC! Z^;QK]e! HKQ]C[KSI! c;\! BUSC! HUQQUcKSI! -KSU?JC! C]! ;Qyv! ìëíív! [C?URRCSB;]KUS\v! >CHU[C! RC[IKSI! UH! Y;K[CBÉCSB![C;B\!cK]J!)QQ^RKS;É5]KQ\!Ye]JUS!\?[KY]\!US!BCR^Q]KYQCdCB![;c![C;B\!á$[CS!C]!;Qyv!ìëíî>ày!/45! BCQKSC;]KUS!c;\!YC[HU[RCB!cK]J!]JC!3c;[R!;QIU[K]JR!^\KSI!]JC!BCH;^Q]!QU?;Q!QKSPKSI!]J[C\JUQB!B! ß!í! á-;JE!C]!;Qyv!ìëíñày!4JC!?JKRC[;!BC]C?]KUS!;SB![CRUb;Q!cC[C!?;[[KCB!U^]!cK]J!63$92!(!á2UISC\!C]!;Qyv! ìëíóày!4JC!3KQb;!.2!íîì!B;];>;\C!á1^;\]!C]!;Qyv!ìëíîà!c;\!^\CB!HU[!];dUSURK?!;\\KISRCS]!UH!3c;[R! [CY[C\CS];]KbC! \CZ^CS?C\! cK]J! -U]J^[! á3?JQU\\! C]! ;Qyv! ìëëöày! 7C! ^\CB! ]JC! 0JeQU\CZ! 2! Y;?P;IC! ]U! ?;Q?^Q;]C!;QYJ;!BKbC[\K]e!KSBK?C\!;SB!]JC!bCI;S! Y;?P;IC! ]U! ?URY^]C! >C];! BKbC[\K]e! ácK]J! [;eÉ!^[]K\! KSBK?C\à!;SB!SUSÉRC][K?!R^Q]KBKRCS\KUS;Q!\?;QKSI!á.-#3à!U[BKS;]KUSy!3];?PCB!>;[!YQU]\!cC[C!Y[UB^?CB! cK]J!IIYQU]ì!á7K?PJ;Rv!ìëëöày!7C!^\CB!]JC!]cU!?USBK]KUS\!}cK]J!CSSU>QCRCS]~!áîëé!!]U!îôé!à!;SB! }cK]JU^]!CSSU>QCRCS]~!áïëé!à!]U!YC[HU[R!>KUR;[PC[!BC]C?]KUS!cK]J!,$H3C!á3CI;];!C]!;Qyv!ìëííày!! 9!H^QQe![CY[UB^?K>QC!cU[PHQUc!K\!;b;KQ;>QC!;]!J]]Y\xÇÇQUKR;KyIK]J^>yKUÇCSSU>QCRCS]Üíó3Çy!

ñï! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

gV ! 0#13*21 +

gVcV !.-2#,2(=*+#,,- *#+#,2+-,+12=(,*#11+12##*+=,"+!=2'-"(!+.-*=0(8=2(-,+!304#1 +

9]!]JC!>CIKSSKSI!UH!]JC!KS?^>;]KUS\v!?U^YUS\!cC[C!;]!É!ìòì!R6!á™!ó!R6à!b\y!\;]^[;]CB!?;QURCQ!CQC?][UBC! ;SB!;H]C[!î!]U!ñ!B;e\!UH!KS?^>;]KUSv!]JC!/!0!KS?[C;\CB!KS!;QQ!?U^YUS\!Cd?CY]!]JU\C!KS?^>;]CB!;]!ïëé!! á&KI^[C!íîày!4JC!YU]CS]K;Q!CSSU>QCRCS]!c;\!JKIJQe![CY[UB^?K>QC!;RUSI![CYQK?;]C\!;]!]CRYC[;]^[C\!H[UR! îëé!!]U!îôé!!cK]J!;!RC;S!KS?[C;\C!UH!]JC!CQC?][U?JCRK?;Q!YU]CS]K;Q!UH!ïòë!R6!á™!íì!R6à!HU[!;QQ!\;RYQC\! cK]JKS!ï!B;e\!UH!CdYU\^[Cy!)S!?US][;\]v!]JC!UYCSÉ?K[?^K]!YU]CS]K;Q!HU[!\;RYQC\!KRRC[\CB!;]!ïëé!!?J;SICB! bC[e!QK]]QC!UbC[!]KRC!á¶ñï!R6v!™!ô!R6ày!)S!U^[!\C]^Yv!]JC[C!c;\!]J^\!;!?[K]K?;Q!]CRYC[;]^[C!>C]cCCS!îôé!! ;SB!ïëé!!^SBC[!cJK?J!CSSU>QCRCS]!c;\!U>\C[bCB!HU[!;QQ!\;RYQC\!cK]J!\KRKQ;[!R;dKR^R!CQC?][U?JCRK?;Q! YU]CS]K;Q! b;Q^C\! ;H]C[! B;e! ï! áU[! B;e! ñ! ;]! îôé!àv! cJC[C;\! CSSU>QCRCS]! BKB! SU]! U??^[! ;>UbC! ]J;]! ]CRYC[;]^[Cy!

)S!;!\^>\CZ^CS]!KS?^>;]KUS!^SBC[!\KRKQ;[!?USBK]KUS\v!cC!?;[[KCB!U^]!;!?;]JUBK?!YUQ;[Kf;]KUS!?^[bC!US! \;RYQC\!CdYU\CB!;]!îóé!!;SB!ïëé!!;SB!cC!U>\C[bCB!;!\JKH]!UH!]JC!YUQ;[Kf;]KUS!?^[bC!;H]C[!]cU!cCCP\!UH! CdYU\^[C!;]!îóé!!]J;]!c;\!SU]!U>\C[bCB!;]!ïëé!!á&KI^[C!íïày!7C!C\]KR;]CB!]JC!Y;\\Kb;]KUS!?^[[CS]!]U!>C! ;[U^SB!ëyëí!¨9Ç?R ì!HU[!;QQ!?USBK]KUS\v!>;\CB!US!]JC\C!YUQ;[Kf;]KUS!?^[bC\y!

! ññ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

! 7QO\YM!')%!?WMU$4QYK\Q[! @V[MU[QIS! ?4@!! ]MYZ\Z! [QTM! NVY!Z[IQUSMZZ!Z[MMS! KV\WVUZ! M_WVZML! [V! LQNNMYMU[! [MTWMYI[\YM! VN! ZMI^I[MY% !-C;S!b;Q^C!;SB!öñ•!?USHKBCS?C!KS]C[b;Q!HU[!ñ![CYQK?;]C\!YC[! ?USBK]KUS\v!U[!íë![CYQK?;]C\!HU[!îëé!!;\!]JC!]cU!\CZ^CS]K;Q!\C[KC\!cC[C!YUUQCB!]UIC]JC[y!3!$x!\;]^[;]CB! ?;QURCQ!CQC?][UBCy!!

! 7QO\YM! '*%! 4I[PVLQK! WVSIYQaI[QVU! K\Y]MZ! IWWSQML! [V! ZITWSMZ! ^Q[P! MUUVJSMTMU[! I[! ),b4! IUL! ^Q[PV\[! I[! *&b4#! I[! [PM! JMOQUUQUO! VN! [PM! M_WVZ\YM! IUL! IN[MY! (! ^MMRZ% ! 3!$x! \;]^[;]CB! ?;QURCQ! CQC?][UBCy!! !

ñó! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

gVdV !1#+ +- 1#04=2(-,1 +

7C! ^\CB! ;! \KRKQ;[! KS?^>;]KUS! \C]^Y! ;]! îóé!! ;SB! ïëé!v! ;QQUcKSI! >KUR;\\! ?UQUSKf;]KUS! US! KRRC[\CB! \];KSQC\\!\]CCQ!?U^YUS\!HU[!U>\C[b;]KUS!UH!\^[H;?C!?URR^SK]KC\!cK]J!3$-y!7C!HU^SB!;S!;bC[;IC!?CQQ! BCS\K]e!UH!íívóóí!?CQQ\ÇRR ì!á™!òòî!?CQQ\ÇRR ìà!;]!îóé!v!;SB!;!QUcC[!BCS\K]e!UH!òvìíö!?CQQ\ÇRR ì!á™!ïïì! ?CQQ\ÇRR ìà!;]!ïëé!y!5SBC[!>U]J!?USBK]KUS\v!cC!U>\C[bCB!>;?KQQK!;SB!?U??U>;?KQQKv!;\!cCQQ!;\!\URC!bC[e! QUSI!HKQ;RCS]U^\!>;?]C[K;v!>^]!USQe!;]!îóé!!á\CC!&KI^[C!íñày!

! 7QO\YM!'+%!B6=!QTIOMZ!I[!'R! 2#!4!!IUL!+R! 3#!5!!TIOUQNQKI[QVU!VN!Z[IQUSMZZ!Z[MMS!M_WVZML!NVY! VUM!^MMR![V!ZMI^I[MY!IUL!PMI[ML![V!),b4! 2#!3!!IUL!*&b4! 4#!5!% !3URC!?CQQ\!;[C!YUKS]CB!>e!;[[Uc\y! !

! ñò! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

gVeV !12=(,*#11+12##*+ =!2#0(=*+!-++3,(27 +

7C!?J;[;?]C[KfCB!\^[H;?C!>;?]C[K;Q!?URR^SK]KC\!HU[!C;?J!?USBK]KUS!^\KSI!íó3![2.9!;RYQK?US!\CZ^CS?KSIy! 7C!\CZ^CS?CB!îó!QK>[;[KC\!;SB!U>];KSCB!ñvñöòvïìì![;c!\CZ^CS?C\!UH!]JC!>;?]C[K;Q!íó3![2.9!ICSC!6ïÉ6ñ! [CIKUSy! 9H]C[! Z^;QK]e! HKQ]C[KSI! ;SB! Y;K[CB! CSB! [C;B! RC[IKSIv! îvóñîvëíô! \CZ^CS?C\! cC[C! [C];KSCB! ;SB! ?Q^\]C[CB!KS]U!íóóvíóï!UYC[;]KUS;Q!];dUSURK?!^SK]\!á/45\à!^\KSI!]JC!3c;[R!;QIU[K]JR!cK]J!]JC!BCH;^Q]! QU?;Q!QKSPKSI!]J[C\JUQB!B!ß!í!á-;JE!C]!;Qyv!ìëíñày!0^];]KbC!?JKRC[;\!cJC[C![CRUbCB!cK]J!]JC!63$92!(! \UH]c;[C! á2UISC\! C]! ;Qyv! ìëíóàv! QC;BKSI! ]U! ;! JKIJÉZ^;QK]e! B;];\C]! UH! óóvôöì! ?JKRC[;ÉH[CC! /45\! [CY[C\CS]KSI!îvìïëvòôë!\CZ^CS?C\y!!

;?]C[K;Q!íó3![2.9!BKbC[\K]e!KS!C;?J!\;RYQC!c;\!?URY;[CB!cK]J!;!cCKIJ]CB!BK\\KRKQ;[K]e!KSBCd!á [;eÉ !^[]K\à!KS!;S!U[BKS;]KUS!;S;Qe\K\!á&KI^[C!íóày!2CYQK?;]C!\;RYQC\!?UQQC?]CB!;]!]JC!\;RC!]CRYC[;]^[C!cC[C! ?Q^\]C[CB!;SB!BKHHC[CB!\KISKHK?;S]Qe!H[UR!USC!]CRYC[;]^[C!]U!;SU]JC[y!4JC[CHU[Cv!]JC!BKHHC[CS]!>;?]C[K;Q! ?URR^SK]KC\!]J;]!BCbCQUY!;]!]CRYC[;]^[C\!H[UR!îëé!!^Y!]U!îôé!!;YYC;[!;>QC!]U!KS?[C;\C!]JC!/!0y!)S! ;BBK]KUSv!]JC!]cU!?U^YUS!\C[KC\!KS?^>;]CB!;]!îëé!!B^[KSI!;!]cU!cCCP\!KS]C[b;Q!CdJK>K]CB!JKIJ!?URR^SK]e! \KRKQ;[K]ev!\JUcKSI!]J;]!\^[H;?C!?URR^SK]e!;\\CR>Qe!c;\!JKIJQe![CY[UB^?K>QCy!

7C!KBCS]KHKCB!RK?[UU[I;SK\R\!]J;]!cC[C!BK\]KS?]KbC!UH!]JC!}CSSU>QCRCS]~!?USBK]KUS!^\KSI!;!>KUR;[PC[! BC]C?]KUS!;S;Qe\K\!cK]J!]JC!,$H3C!\UH]c;[C!á3CI;];!C]!;Qyv!ìëííày!7C!?JU\C!]U!BCHKSC!]JC!?USBK]KUS!cK]J! ]JC!CSSU>QCRCS]!áîëé!v!îîé!v!îóé!v!îôé!à!;\!UYYU\CB!]U!;!Q;?P!UH!/!0!?J;SIC!áïëé!ày!7C!?US\C[bCB! >KUR;[PC[\!cK]J!;!RKSKR^R!QKSC;[!BK\?[KRKS;S]!;S;Qe\K\!á,#9à!\?U[C!UH!î![C\^Q]KSI!KS!ïò!/45\!]J;]!cC[C! BKHHC[CS]K;QQe![CY[C\CS]CB!B^[KSI!CSSU>QCRCS]y!9RUSI!]JC\C!cC!HU^SB!R;KSQe! -FDH:D768H:F>6 !KS?Q^BKSI! RCR>C[\!UH!]JC! ,8:6CDGE>F>AA6A:G v! .=D9D768H:F6A:G v!;SB!9Q]C[URUS;B;QC\!á&KI^[C!íòày!9S!/45!;HHKQK;]CB! ]U!]JC!ICS^\!/QCKYJKQ^\!ICS^\!c;\![CR;[P;>Qe!HU^SB!Cd?Q^\KbCQe!KS!CdYU\^[C\!\C]^Y\!>C]cCCS!îëé!!;SB! îôé!!cK]J![C\YC?]KbC!RC;S![CQ;]KbC!;>^SB;S?C!UH!íôyïí•v!ìyóò•v!óyòó•v!íìyïë•v!;SB!ëyëî•!;]!ïëé!! á&KI^[C!íòày!(UcCbC[v!U]JC[!/QCKYJKQ^\!/45\!cC[C!;Q\U!Y[C\CS]!;]!ïëé!y!-U[C!\][KPKSIQev!cC!;Q\U!BC]C?]CB! ]JC!Y[C\CS?C!UH!;![C?CS]Qe!BC\?[K>CB!0[U]CU>;?]C[K;!{ !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|!;\!;!bC[e!\][USI! >KUR;[PC[!á&KI^[C!íòày!-CR>C[\!UH!]JK\!?;SBKB;]C!ICS^\!cC[C!HU^SB!KS!JKIJ![CQ;]KbC!;>^SB;S?C!H[UR! îëé!!]U!îôé!!cK]J!RC;S![CQ;]KbC!;>^SB;S?C!UH!íyñï•v!íyñô•v!óyóï•v!;SB!íëyëñ•!cK]J!;!YC;P!;>^SB;S?C!

ñô! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

UH!íôyï•!KS!;!\;RYQC![CYQK?;]C!;]!îôé!!á&KI^[C!íòày!)S!;BBK]KUSv!]JK\!>;?]C[K^R!c;\!HU^SB!Cd?Q^\KbCQe!KS! CSSU>QCRCS]!?USBK]KUS\v!;\!SU!U]JC[!{ !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|!/45\!cC[C!BC]C?]CB!;]!ïëé!y!

&KS;QQev!cC!Cd;RKSCB!]JC!;>^SB;S?C!UH!]JC\C!>KUR;[PC[!>;?]C[K;!KS!]JC!YUUQ!UH!?UQUSKfKSI!>;?]C[K;!H[UR! S;]^[;Q!\C;c;]C[!?UQQC?]CB!KS!]JC!bK?KSK]e!UH!U^[!\C]!^Y!Y^RY!KS];PCv!>CHU[C!;SB!;H]C[!KS?^>;]KUS!YC[KUB\y! 4JC!>;?]C[K;Q!?URYU\K]KUS!KS!\C;c;]C[!c;\!\][KPKSIQe!BKHHC[CS]!H[UR!]J;]!UH!]JC!\]CCQ!\^[H;?C\!á&KI^[C!íóày! .U!\CZ^CS?C\!UH!]JC!>C\]!]CS!>KUR;[PC[!/45\!cC[C![C?UbC[CB!H[UR!\C;c;]C[v!Cd?CY]!HU[!]cU!;HHKQK;]CB! ]U!;S!/QCKYJKQ^\!/45y!

!

!

! 7QO\YM! ',%! >VU$TM[YQK! T\S[QLQTMUZQVUIS! ZKISQUO! >=5B!! VYLQUI[QVU! JIZML! VU! [PM! 3YI`$4\Y[QZ! LQZZQTQSIYQ[`! QULM_% ! öñ•! ?USHKBCS?C!;[C;!YC[!?USBK]KUSy!3][C\\x!ëyëôóy! !

!

! ñö! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

!

!

!

!

+

7QO\YM!'-%!AMSI[Q]M!IJ\ULIUKM!LQZ[YQJ\[QVU!VN![PM!MUUVJSMTMU[!JQVTIYRMY!?CDZ!^Q[P![PM!'&!JMZ[! <52!ZKVYMZ% !4;dUSURK?!;HHKQK;]KUS\!U[KIKS;]C!H[UR!]JC!3KQb;!íîì!B;];>;\C![CQC;\Cy! KUR;[PC[\!cC[C! SU]!BC]C?]CB!KS!\C;c;]C[!\;RYQC\v!Cd?CY]!HU[!]cU!\CZ^CS?C\!;HHKQK;]CB!]U! ,A:>E=>AIG !á/45íày!

!

! !

óë! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

hV ! "(1!311(-, +

4JC!UYCSÉ?K[?^K]!YU]CS]K;Q!K\!BCHKSCB!>e!]JC!?US?CS][;]KUS!UH!]JC![C;?];S]\v!HU[R;Q!J;QHÉ?CQQ!YU]CS]K;Q!á$é|à! ;SB!]JC!PKSC]K?!Y;[;RC]C[\!;\\U?K;]CB!cK]J!C;?J!J;QHÉ?CQQ![C;?]KUSy!9!?J;SIC!KS!]JC!?;]JUBK?![C;?]KUS!J;\! UH]CS!>CCS!KSbUPCB!;\!]JC!USQe!J;QHÉ?CQQ![C;?]KUS!?J;SICB!>e!]JC!Y[C\CS?C!UH!RK?[UU[I;SK\R\!US!]JC! \^[H;?C!UH!]JC!\];KSQC\\!\]CCQy!)SBCCBv!]JC!>;?]C[K;Q!?URR^SK]e!K\!PSUcS!]U!KS?[C;\C!?;]JUBK?![CB^?]KUS! CHHK?KCS?e!á9^BU^;[B!C]!;Qyv!íööïw!(UQ]JC!2y!C]!;Qyv!íöôöw!*UJS\CS!;SB! ;[B;Qv!íöôñw!,;[?JE!C]!;Qyv!ìëííw! ,C! UfC?!C]!;Qyv!ìëëíw!-UQQK?;!;SB!3?U]]Uv!íööów!2UISC!;SB!3]CKS\RUv!íööów!:J;SI!;SB!#Cd]C[v!íööñày!)S! ]JK\!\]^Bev!cC!cC[C!KS]C[C\]CB!KS!I;KSKSI!H^[]JC[!KS\KIJ]!KS]U!]JC!>;?]C[K;Q!?URR^SK]e!UH!]JC!\];KSQC\\É \]CCQ! \^[H;?C! KRRC[\CB! KS! \C;c;]C[! ;SB! K]\! CQC?][U?JCRK?;Q! ;?]KbK]e! KS! [CQ;]KUS! ]U! ]JC! YU]CS]K;Q! CSSU>QCRCS]y!0[CbKU^\!\]^BKC\!J;bC!\JUcS!;S!KSJK>K]KUS!UH!]JC!CSSU>QCRCS]!;?]KbK]e!;>UbC!;!?[K]K?;Q! ]CRYC[;]^[C!á#^YUS]!C]!;Qyv!íööòw!'`RYCQ!C]!;Qyv!ìëëów!-;[]KS!C]!;Qyv!ìëëîw!3?U]]U!C]!;Qyv!íöôów!4JKC[[e!C]! ;Qyv! ìëíñày! )S! U^[! \C]]KSIv! ]JK\! ?[K]K?;Q! ]CRYC[;]^[C! c;\! >C]cCCS! îôé!! ;SB! ïëé!v! ;>UbC! cJK?J! ]JC! CSSU>QCRCS]!c;\!KSJK>K]CB!BC\YK]C!]JC!?US]KS^KSI!Y[C\CS?C!UH!>;?]C[K;y!7C!^\CB!]J;]!KSHU[R;]KUS!]U! KSbC\]KI;]C! ]JC! ?URR^SK]e! ?URYU\K]KUS! >C]cCCS! CSSU>QCRCS]! ;]! QUcC[! ]CRYC[;]^[C! b\y! SU! CSSU>QCRCS]!;]!JKIJC[!]CRYC[;]^[Cy!9!?CS][;Q![C\^Q]!UH!]JK\!cU[P!K\!]JC!KBCS]KHK?;]KUS!UH!/45\!;HHKQK;]CB! ]U! { !6C9>96HIG ! 4CSBC[K;! CQC?][UYJ;I;|! ]J;]! cC[C! Cd?Q^\KbCQe! Y[C\CS]! ^SBC[! ?USBK]KUS\! QC;BKSI! ]U! YU]CS]K;Q!CSSU>QCRCS]v! >P:P !^SBC[!ïëé!!;SB!?US\KBC[;>Qe!CS[K?JCB!?URY;[CB!]U!S;]^[;Q!\C;c;]C[y!

/]JC[!CQC?][U;?]KbC!>;?]C[K;!J;bC!>CCS!\JUcS!]U!>C!;>QC!]U!?J;SIC!]JC!YU]CS]K;Q!UH!CQC?][UBC!^SBC[! ;S;C[U>K?!?USBK]KUS!á-CJ;SS;!C]!;Qyv!ìëëö>àv!;SB!;!RK?[U>K;Q!?URR^SK]e!]J;]!c;\!;>QC!]U!BU!]JC!\;RC! KS!;C[U>K?!?USBK]KUS\!c;\!BC\?[K>CB!;\!;S!CQC?][U;?]KbC!>KUHKQR!?URR^SK]e!á2KR>U^B!C]!;Qyv!ìëíòày!4JK\! \]^Be!K\!?U[[CQ;]KbC!;SB!?;SSU]!HU[R;QQe!C\];>QK\J!;!RC?J;SK\]K?!QKSP!>C]cCCS!]JC!BC]C?]CB!>KUR;[PC[! ;SB!]JC!CSSU>QCRCS]v!>^]!]JC!BK\]KS?]KbC!Y[C\CS?C!UH!;S!CQC?][U][UYJ!>;?]C[K;!KS!;C[U>K?!?USBK]KUS!K\v!]U! U^[! PSUcQCBICv! ;! SUbCQ! U>\C[b;]KUS! ;SB! \^IIC\]! ;! YU\\K>QC! RC];>UQK\R! HU[! YU]CS]K;Q! CSSU>QCRCS]y! {!6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|!?;S!KSBCCB!;??CY]!CQC?][US\!H[UR!;!?USB^?]KbC!\^[H;?C!cJKQC!^\KSI! UdeICS!;\!;!]C[RKS;Q!CQC?][US!;??CY]U[! á$BBKC!C]!;Qyv!ìëíóày!4JK\!;?]KbK]e!K\!>;\CB!US!K]\!Cd][;?CQQ^Q;[! CQC?][US!][;S\YU[]!\e\]CR!?URYU\CB!UH!?e]U?J[URC!?!UdKB;\C!?URYQCdC\!?U^YQCB!cK]J!]JC![CB^?]KUS!UH! UdeICS!;SB!]JC!HKd;]KUS!UH!?;[>US!BKUdKBC!^\KSI!]JC!!;QbKSÉ CS\USÉ ;\\J;R!?e?QCv!R;PKSI!K]!;!?JCRUÉ

! óí! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

CQC?][UÉ;^]U][UYJ!á$BBKC!C]!;Qyv!ìëíòày!)S!]J;]!\]^Bev!]eYC!)6!YKQK!ICSC\!cC[C!;Q\U!Y[UYU\CB!]U!YQ;e!;![UQC! KS!]JC!Cd][;?CQQ^Q;[!CQC?][US!][;S\YU[]y!!

)S! ]JC! U[KIKS;Q! \]^Be! \C]! ^Y! ]J;]! QCB! ]U! ]JC! BC\?[KY]KUS! { !6C9>96HIG ! 4CSBC[K;! CQC?][UYJ;I;|! US! ;! >KU?;]JUBCv! ]JC! >KUHKQR! BCbCQUYRCS]! BCbCQUYCB! ;! ?^[[CS]! BCS\K]e! >C]cCCS! ëyöì! ¨9Ç?R ì! ;SB! ïyìô! ¨9Ç?R ì!;]!;!HKdCB!YU]CS]K;Q!UH!¶!óó!R6!b\!3!$!á-;Q;SU\PK!C]!;Qyv!ìëíôày!/^[!CdYC[KRCS];Q!\C]!^Y!BUC\!SU]! KS?Q^BC!>KU?;]JUBC\!>^]![;]JC[!UYCSÉ?K[?^K]!?USBK]KUS\v!RC;SKSI!]J;]!SU!?^[[CS]!c;\!Y[UbKBCB!SU[!B[;cS! ]U!]JC!\^[H;?C!RK?[U>K;Q!?URR^SK]KC\y!(UcCbC[v!;!YU\\K>QC!\U^[?C!UH!CQC?][US\!?U^QB!>C!]JC!Y;\\Kb;]KUS! ?^[[CS]!Y[UB^?CB!>e!]JC!\];KSQC\\!\]CCQy!4JK\!?^[[CS]!K\!B^C!]U!]JC!\QUc!UdKB;]KUS!UH!K[US!;SB!?J[URK^R! ;]UR\!KS!]JC!Y;\\KbC!Q;eC[!UH!]JC!\];KSQC\\!\]CCQv! HU[RKSI! ;! ]JKS! HKQR! ?US];KSKSI! K[US! ;SB! ?J[URK^R! JeB[UdKBC\!á-;[?^\v!ìëííày!'KbCS!]JC!YUQ;[Kf;]KUS!?^[bC\!U>];KSCB!;]!îóé!!;SB!ïëé!!cC!\JUcCB!]J;]!U^[! ?U^YUS\|!Y;\\Kb;]KUS!?^[[CS]!K\!US!]JC!U[BC[!UH!R;ISK]^BC!UH!ëyëí!¨9Ç?R ìy!4JC\C!b;Q^C\!;[C!UH!]cU!U[BC[\! UH!R;ISK]^BC!QUcC[!]J;S!]JU\C!U>\C[bCB!;]!RK?[U>K;Q!H^CQ!?CQQ!>KU?;]JUBC\v!>^]!?U^QB!YU]CS]K;QQe!\^\];KS! ]JC!I[Uc]J!UH!CQC?][U;?]KbC!>;?]C[K;!^SBC[!UYCSÉ?K[?^K]!?USBK]KUS\y!

/bC[;QQv! U^[! [C\^Q]\! \^IIC\]! ]J;]! CSSU>QCRCS]! ?U^QB! >C! CdYQ;KSCB! >e! ]JC! HUQQUcKSI! RC?J;SK\Rx! ]JC! \];KSQC\\!\]CCQ!cU^QB!;?]!;\!;S!CQC?][US!\U^[?C!HU[!CQC?][U][UYJK?!>;?]C[K;!bK;!K]\!Y;\\Kb;]KUS!?^[[CS]v! ^\KSI!Cd][;?CQQ^Q;[!CQC?][US!][;S\YU[]!RC?J;SK\R!?U^YQCB!]U!UdeICS![CB^?]KUSy!4JK\!JeYU]JC\K\!K\!>;\CB! US! [C\^Q]\! UH! ;! \]^Be! ^\KSI! ;! RC];>;[?UBKSI! ;YY[U;?J! ]J;]! ?URC\! cK]J! K]\! UcS! QKRK];]KUS\! ;\! ]JC! \CZ^CS?CB!#.9![CY[C\CS]!;!H[;IRCS]!UH!]JC!íó3![2.9!ICSC!;SB!SU]!]JC!?URYQC]C!ICSURCy!9Q\Uv!]JC! >KUR;[PC[!;YY[U;?J!BUC\!SU]!?US\KBC[!>;?]C[K;!]J;]!?U^QB!>C!Y[C\CS]!;]!;QQ!]CRYC[;]^[C\!>^]!cK]J!;! BKHHC[CS]! ;?]KbK]e! ;]! ïëé!! ]J;]! cU^QB! [C\^Q]! KS! ]JC! ;>\CS?C! UH! ]JC! YU]CS]K;Q! CSSU>QCRCS]y! 4JC\C! QKRK];]KUS\!cU^QB!>C!UbC[?URC!cK]J!]JC!^\C!UH!RC];ICSURK?\v!]U!;\\C\\!]JC!ICSC]K?!YU]CS]K;Q!UH!]JC! >;?]C[K;Q!?URR^SK]KC\v!;SB!RC];][;S\?[KY]URK?\!]U!?USHK[R!KH!]JC!;?]^;Q!ICSC\!CdY[C\\CB!cU^QB!\^YYU[]! U^[!JeYU]JC\K\y!!

9Q]C[S;]KbCQev!;!RUBCQ!HU[!CSSU>QCRCS]!>;\CB!US!QU?;Q!Y(!?J;SIC!;]!\];KSQC\\!\]CCQ!\^[H;?C!J;\!>CCS! Y[UYU\CB!á#Cd]C[!;SB!!J;SB[;\CP;[;Sv!ìëëëà!;SB![CZ^K[C\!]JC!HU[R;]KUS!UH!;!]JK?P!>KUHKQR!;?]KSI!;\!;! \][USI! BKHH^\KUS! >;[[KC[y! /^[! 3$-! U>\C[b;]KUS\! UH! >;?]C[K;Q! ?UQUSKf;]KUS! ;H]C[! CSSU>QCRCS]! BU! SU]!

óì! ! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

\^YYU[]!]JK\!JeYU]JC\K\v!;\!;H]C[!USC!cCCP!UH!CdYU\^[Cv!]JC!BCbCQUYRCS]!UH!;]];?JCB!>;?]C[K;!c;\!;]!;! bC[e!C;[Qe!\];IC!;SB!?U^QB!>C!BCHKSCB!;\!\Y;[\C!>;?]C[K;Q!?UQUSKf;]KUS![;]JC[!]J;S!;S!;?]^;Q!>KUHKQRy!7C! BKB! SU]! U>\C[bC! ;! ^SKHU[R! ]J[CCÉBKRCS\KUS;Q! \][^?]^[C! UH! Cd][;?CQQ^Q;[! YUQeRC[K?! \^>\];S?C! cK]J! CR>CBBCB!>;?]C[K;!?UbC[KSI!]JC!cJUQC!\^[H;?C!UH!]JC!\];KSQC\\!\]CCQy!!

9SU]JC[!JeYU]JC\K\!KSbUPCB!]JC!?US][K>^]KUS!UH!JeB[UICS!YC[UdKBC!;\!;!?CS][;Q!CQC?][US!;??CY]U[!B^[KSI!

CSSU>QCRCS]!á,;SBU^Q\K!C]!;Qyv!ìëëô?w!3?U]]U!;SB!,;Kv!íööôày!( ì/ì![CQC;\C!>e!JC]C[U][UYJK?!>;?]C[K;!;\!;! >eY[UB^?]!UH!UdeICS![C\YK[;]KUS!JUcCbC[![CZ^K[C\!;!JKIJ!?US?CS][;]KUS!UH!CQC?][US!BUSU[!áìë!R-!UH!#É 'Q^?U\C!KS!á,;SBU^Q\K!C]!;Qyv!ìëëô>ày!4JK\!BUC\!SU]!?U[[C\YUSB!]U!U^[!CSbK[USRCS];Q!?USBK]KUS\!;SB!K\! ]J^\!^SQKPCQe!;!?CS][;Q!CdYQ;S;]KUS!HU[!CSSU>QCRCS]!KS!S;]^[;Q!\C;c;]C[!CSbK[USRCS]\y!!

C\KBC\!{ !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|v!U]JC[!/45\!cC[C!KBCS]KHKCB!;\!>KUR;[PC[v!C\YC?K;QQe!\URC! >;?]C[K;!;>QC!]U!^\C!;QKYJ;]K?!JeB[U?;[>US\!;\!CSC[Ie!;SB!?;[>US!\U^[?C!QKPC! ,A:>E=>AIG !á9;PKRUb!;SB! 'UQe\JKSv!ìëíïày!4JC\C!>;?]C[K;!?U^QB!U[KIKS;]C!H[UR!]JC!\C;c;]C[!YKYC\!]J;]!RKIJ]!>C!?US];RKS;]CB! cK]J! ;! \R;QQ! ;RU^S]! UH! UKQÉBC[KbCB! ?URYUSCS]\y! 4JK\! cU^QB! H;bU[! JeB[U?;[>US! RC];>UQK\R! ;SB! ]JC[CHU[C!]JC!BCbCQUYRCS]!UH!]JC\C!>;?]C[K;y!7C!KBCS]KHKCB!]JC!ICS^\! *6F>CD768H:F v!cJK?J!KS?Q^BC\!UKQ! BCI[;BKSI! \YC?KC\v! ;SB! cJK?J! K\! ;Q\U! HU^SB! KS! ]JC! ?;]JUBK?! CS[K?JCB! ?URR^SK]e! cJC[C! { !6C9>96HIG ! 4CSBC[K;!CQC?][UYJ;I;|!c;\!BC\?[K>CB!>e!$BBKC!C]!;Qyv!ìëíòv!;SB!á7;SI!C]!;Qyv!ìëíñ>ày!4JC!Y[C\CS?C!UH! UKQ!BCI[;BKSI!>;?]C[K;!KS!YU]CS]K;Q!CSSU>QCRCS]! ?USBK]KUS\!K\!KS][KI^KSIv!>^]!]JCK[![UQC!J;\!eC]!]U!>C! BCHKSCBy!';RR;Y[U]CU>;?]C[K;!;[C!UH]CS![CYU[]CB!KS!UdeICS![CB^?KSI!>KU?;]JUBC!?URR^SK]KC\!á-KQSC[! C]!;Qyv!ìëíów!2U]J>;QQC[!C]!;Qyv!ìëíñw!3][e?J;[fÉ'Q;bCS!C]!;Qyv!ìëíîày!4JCe!cC[C!;Q\U!HU^SB!]U!>C!BURKS;S]! KS! ]JK\! \]^Be! á3)! &KI^[C! í! ;SB! ìàv! ;SB! HU^[! UH! ]JC! ]UY! ]CS! >KUR;[PC[\! ;[C! ;Q\U! ;HHKQK;]CB! ]U! ]JK\! ';RR;Y[U]CU>;?]C[K;!á ,A:>E=>AIG v! !6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;v! 2A>>@6C<>:AA6 v! *6F>CD768H:F ày!7C! HU^SB! U]JC[! >KUR;[PC[\! cK]J! YUU[! ];dUSURK?;Q! ;\\KISRCS]v! USQe! ]U! ]JC! U[BC[! QCbCQv! :P

;?]C[K;ày! 4JC[CHU[Cv! SU! JeYU]JC\C\! ?;S! >C! ICSC[;]CB! H[UR! ]JC! Y[C\CS?C! UH! ]JC\C! >KUR;[PC[\y!!

4JC![K\P!;\\U?K;]CB!cK]J!CSSU>QCRCS]!K\!YK]]KSI!?U[[U\KUS!;\!]JC!YU]CS]K;Q!KS?[C;\C![C;?J!b;Q^C\!?QU\C!]U! YK]]KSI!YU]CS]K;Qy!4JC!^\C!UH!JKIJ!I[;BC!\];KSQC\\!\]CCQ!;SB!\JU[]!CdYU\^[C!]KRC!QKRK]CB!]JC![K\P!UH!YK]]KSI!

! óî! !(904$2! )!x !).&,5$.!$!/&!3$9794$2!4$-0$29452$ ! !

?U[[U\KUS!KS!]JK\!\]^Bey! ^]!H^]^[C!cU[P!?U^QB!KSbUQbC!QUcC[!I[;BC!\];KSQC\\!\]CCQ!]U!;\\U?K;]C!]JC!>;?]C[K;Q! ?URR^SK]KC\!]U!YK]]KSI!?U[[U\KUS!

iV ! !-,!*31(-,1 +

4JC![;]KUS;Q!HU[!]JK\!\]^Be!c;\!]JC!U>\C[b;]KUS!UH!;!\J;[Y!]CRYC[;]^[C!KSJK>K]KUS!;[U^SB!ïëé!!UH!\];KSQC\\! \]CCQ!CSSU>QCRCS]!KS!]JC!]CRYC[;]C!\C;c;]C[!UH!]JC!>;e!UH! [C\]y!7C!^\CB!]JK\!Y[UYC[]e!]U!KBCS]KHe! >;?]C[K;! YU]CS]K;QQe! KSbUQbCB! KS! CSSU>QCRCS]y! 4JC! BC]C?]KUS! ;\! ;! >KUR;[PC[! HU[! CSSU>QCRCS]! UH! {!6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|v!;!PSUcS!CQC?][U][UYJ!c;\!;![CR;[P;>QC![C\^Q]y! ;\CB!US![C?CS]! QK]C[;]^[C! US! { !6C9>96HIG ! 4CSBC[K;! CQC?][UYJ;I;|! ;?]KbK]ev! cC! Y[UYU\CB! ;! SCc! RC?J;SK\R! HU[! CSSU>QCRCS]!>;\CB!US!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!cK]J!UdeICS!;\!;!]C[RKS;Q!CQC?][US!;??CY]U[y!4JC! CQC?][US!BUSU[!HU[!]JK\![C;?]KUS!?U^QB!>C!]JC!Y;\\Kb;]KUS!?^[[CS]![C\^Q]KSI!H[UR!\QUc!\^[H;?C!\];KSQC\\! \]CCQ!UdKB;]KUS!;]!]JC!Y;\\Kb;]KUS!Q;eC[!KS]C[H;?Cy!

óï! ! !

!

!

!

!

! !!(904$2! ))x! ).&,5$.!$!/&!#)33/,6$#! /89'$.!!/.4$.4!

! !

! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

+

+

(F?DM=F;=+G?+

!

&QU[K;S!4[KIUBC] ívì v!.K?UQ;\!,;[?JE ìv!#URKSKZ^C!4JKC[[e ìv!,UM\!-;KISKCS ívî !

!

í! 5SKbC[\K]E! BC! [C\]v! !.23v! )H[CRC[v! 5-2óíöòv! ,;>U[;]UK[C! BC! -K?[U>KUQUIKC! BC\! $SbK[USSCRCS]\! $d][FRC\v!ìöìôë!0QU^f;SEv!&[;S?Cy!

ì!&[CS?J!!U[[U\KUS!)S\]K]^]Cv! [C\]v!&[;S?C!!

î! *U\CYJKSC! ;e! 0;^Q! !CS]C[! HU[! !URY;[;]KbC! -UQC?^Q;[! KUQUIe! ;SB! $bUQ^]KUSv! -;[KSC! KUQUIK?;Q! ,;>U[;]U[ev!7UUB\!(UQCv!539!

!

0[CY;[CB!HU[!\^>RK\\KUS!KS!-;]C[K;Q\!;SB!!U[[U\KUS!OU^[S;Qy!! !

óó! ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

!

!

!

cV ! 0$13+$ +

,|;SU>QK\\CRCS]! BC\! ;?KC[\! KSUdeB;>QC\! á >P:P ! Q|;^IRCS];]KUS! B^! YU]CS]KCQ! QK>[Cà! C\]! ;\\U?KE! ;bC?! Q;! ?UQUSK\;]KUS! >;?]E[KCSSCy! 5S! YU]CS]KCQ! QK>[C! EQCbE! ;^IRCS]C! QC! [K\Z^C! BC! ?U[[U\KUS! QU?;QK\EC! ?;[! QC! YU]CS]KCQ! ?[K]KZ^C! BC! ?U[[U\KUS! Y;[! YKZ^[CÇ?[Cb;\\C! YC^]! F][C! BEY;\\Ev! \^[]U^]! YU^[! BC\! ;?KC[\! KSUdeB;>QC\! BC! YQ^\! H;K>QC! Z^;QK]Ey! #;S\! ?C]]C! E]^BCv! SU^\! ;bUS\! E]^BKE! Q|KSHQ^CS?C! BC! Q;! ]CSC^[! CS! UdeIDSC!BK\\U^\!\^[!Q;!?U[[U\KUS!?;bC[SC^\C!BC\!;?KC[\!KSUdeB;>QC\!B^YQCd!C]!\^YC[ÉB^YQCdy!.U^\!;bUS\! ;^\\K!^]KQK\E!QC!\EZ^CSA;IC!B|;RYQK?US\!B|9#.!YU^[!KBCS]KHKC[!QC\!>;?]E[KC\!;\\U?KEC\!QK\\CRCS]y! 9^ÉBC\\^\!BC!íëë!YY>!B|UdeIDSC!BK\\U^\v!US!U>\C[bC!Q|;SU>QK\\CRCS]!B^!YU]CS]KCQ!QK>[C!?C!Z^K!KSB^K]!^S! [K\Z^C! BC! ?U[[U\KUS! QU?;QK\ECy! $SÉBC\\U^\! BC! íëë! YY>! B|UdeIDSC! BK\\U^\v! US! S|U>\C[bC! YQ^\! Q|;SU>QK\\CRCS]!B^!YU]CS]KCQ!QK>[C!C]!QC![K\Z^C!BC!?U[[U\KUS!QU?;QK\EC!C\]![EB^K]y!.U^\!;bUS\!KBCS]KHKE!BC\! >;?]E[KC\!;\\U?KEC\!QK\\CRCS]!BC\!;?KC[\!KSUdeB;>QC\!C]!;HHKQKEC\!;?]E[KC\!BE?[K]C\!?URRC! ?;Y;>QC!BC!BEI[;BC[!BC\!JeB[U?;[>^[C\y!,C![WQC!BC!?C\!>;?]E[KC\!S|C\]!Y;\!?Q;K[!YU^[!Q|KS\];S]v!R;K\!CQQC\! YU^[[;KCS]!F][C!;\\U?KEC\!QK\\CRCS]!BC\!;?KC[\!KSUdeB;>QC\!CS!C;^!BC!RC[y!!

! +

! óò! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

!

!

!

dV ! = 120=!2 +

4JC!CSSU>QCRCS]!UH!\];KSQC\\!\]CCQ!áCyIy!]JC!KS?[C;\C!UH!UYCS!?K[?^K]!YU]CS]K;Qà!K\!;\\U?K;]CB!cK]J!>;?]C[K;Q! ?UQUSKf;]KUSy!4JK\!KS?[C;\C\!]JC![K\P!UH!QU?;QKfCB!?U[[U\KUS!;\!]JC!?[K]K?;Q!YK]]KSIÇ?[CbK?C!YU]CS]K;Q!?;S!>C! UbC[?URCv!C\YC?K;QQe!HU[!QUcC[!I[;BC\!\];KSQC\\!\]CCQy!)S!]JK\!\]^Bev!cC!;\\C\\CB!]JC!KSHQ^CS?C!UH!BK\\UQbCB! UdeICS!?US]CS]!á#/!à!US!]JC!?[CbK?C!?U[[U\KUS!UH!B^YQCd!;SB!\^YC[ÉB^YQCd!\];KSQC\\!\]CCQ\y!)S!;BBK]KUSv! cC!^\CB!#.9!;RYQK?US!\CZ^CS?KSI!]U!KBCS]KHe!]JC!>;?]C[K;!RU\]!QKPCQe!;\\U?K;]CB!cK]J!]JC!CSSU>QCRCS]y! 9>UbC!;YY[Udy!íëë!YY>!UH!BK\\UQbCB!UdeICSv!]JC!CSSU>QCRCS]!UH!UYCS!?K[?^K]!YU]CS]K;Q!c;\!U>\C[bCB! QC;BKSI! ]U! ;S! KS?[C;\C! [K\P! UH! QU?;QKfCB! ?U[[U\KUSy! CQUc! ;YY[Udy! íëë! YY>! UH! BK\\UQbCB! UdeICSv! SU! CSSU>QCRCS]! U??^[[CB! ;SB! ]JC! [K\P! UH! QU?;QKfCB! ?U[[U\KUS! c;\! [CB^?CBy! 7C! KBCS]KHKCB! JeB[U?;[>US! BCI[;BKSI!>;?]C[K;!KS!?U[[CQ;]KUS!cK]J!]JC!CSSU>QCRCS]!UH!\^YC[ÉB^YQCd!\];KSQC\\!\]CCQ!;]!\;]^[;]CB!#/!y! 4JC! [UQC! UH!]JC\C!>;?]C[K;!K\!SU]!?QC;[!eC]!>^]!]JCK[! BK\][K>^]KUS! KSBK?;]C! ;! YU\\K>QC! KSbUQbCRCS]! KS! \];KSQC\\!\]CCQ!CSSU>QCRCS]!KS!\C;c;]C[y! !

óô! ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

eV ! (,20-"3!2(-, +

4JC!QU?;QKfCB!?U[[U\KUS!UH!\];KSQC\\!\]CCQ\!J;\![C?CKbCB!R^?J!;]]CS]KUS!KS!]JC!Q;\]!BC?;BC\!\KS?C!K]!K\!]JC! R;KS!QKRK]KSI!H;?]U[!HU[!]JC!^\C!UH!Y;\\KbC!RC];QQK?!;QQUe\!HU[!\C;c;]C[!;YYQK?;]KUS\y!/SC!UH!]JC!R;KS! CSbK[USRCS];Q! H;?]U[\! ;HHC?]KSI! ]JC! QU?;QKfCB! ?U[[U\KUS! [K\P! K\! ]JC! >KUHKQRÉKSB^?CB! CSSU>QCRCS]! á9^BU^;[B!C]!;Qyv!íööïw!&E[USv!ìëëñw!(;bS!4yv!íööñw!(UQ]JC!2y!C]!;Qyv!íöôöw!*UJS\CS!2yv!íööów!*UJS\CS!2y! ;SB! ;[B;Q! $yv! íöôów! ,;[?JE! C]! ;Qyv! ìëíów! ,;[?JE! .y! C]! ;Qyv! ìëíëw! ,C! UfC?! C]! ;Qyv! ìëëíw! 2UISC! 4y! ;SB! 3]CKS\RU!5yv!íööów!3?U]]U!6y!C]!;Qyv!íööów!3][;SBRe[!;SB!(;IC[^Yv!íööôw!:J;SI!(y!*y!;SB!#Cd]C[!3y!!yv! íööñày!4JC!\UÉ?;QQCB!CSSU>QCRCS]!K\!;!\JKH]!UH!]JC!UYCSÉ?K[?^K]!YU]CS]K;Q!á/!0à!UH!\];KSQC\\É\]CCQ!]U!]JC! SU>QC!BK[C?]KUSv!H[UR!>CQUc!Éíëë!R6Ç3!$!]U!;>U^]!¶îëëǶîñë!R6Ç3!$y!4JK\!J;\!>CCS!;]][K>^]CB!]U!]JC! BCbCQUYRCS]!UH!CQC?][U;?]KbC!>;?]C[K;!US!]JC!Y;\\KbC!UdKBC!Q;eC[!á9^BU^;[B!C]!;Qyv!íööïw!&E[USv!ìëëñw! (UQ]JC!2y!C]!;Qyv!íöôöw!*UJS\CS!2y!;SB! ;[B;Q!$yv!íöôów!,C! UfC?!C]!;Qyv!ìëëíw!2UISC!4y!;SB!3]CKS\RU!5yv! íööów!3?U]]U!6y!C]!;Qyv!íööów!:J;SI!(y!*y!;SB!#Cd]C[! 3y! !yv! íööñày! 4JC! U]JC[! \KISKHK?;S]! CHHC?]! UH! ]JC! CQC?][U;?]KbC! >;?]C[K;! US! Y;\\KbC! R;]C[K;Q\! K\! ;S! KS?[C;\C! UH! ]JC! ?;]JUBK?! [CB^?]KUS! CHHK?KCS?e! á :P

C! UbC[?URC! B^[KSI! CSSU>QCRCS]v! ;SB! US?C! KSK]K;]CBv! ]JC! QU?;QKfCB! ?U[[U\KUS! cKQQ! Y[UY;I;]C!R^?J!H;\]C[!KH!]JC![CB^?]KUS!UH!UdeICS!US!?;]JUBK?!\^[H;?C\!K\!KS?[C;\CBy!!

4U!>C]]C[!^SBC[\];SB!;SB!Y[CbCS]!]JC\C!QU?;QKfCB!?U[[U\KUS![K\P\v!K]!K\!SC?C\\;[e!]U!KSbC\]KI;]C!]JC!S;]^[C! UH!CQC?][U;?]KbC!>;?]C[K;!]J;]!;[C![C\YUS\K>QC!UH!]JC!CSSU>QCRCS]!;SB!]JC!?USBK]KUS\!HU[!cJK?J!]JCe!;[C! Y[URU]CBy!4JK\!K\!Y;[]K?^Q;[Qe!KRYU[];S]!]U!BCbCQUY!;S]K>;?]C[K;Q!\][;]CIKC\!KS!HU[!KS\];S?C!?QU\CB!U[!\CRKÉ UYCS!?UUQKSI!c;]C[!?K[?^K]\!á,;[?JE!C]!;Qyv!ìëíîày!!

4JC![UQC!UH!]CRYC[;]^[C!US!]JC!CSSU>QCRCS]!J;bC!>CCS!KSbC\]KI;]CBv!\JUcKSI!]J;]!]JC!KS?^>;]KUS!]KRC! HU[! >KUHKQR! CSSU>QCRCS]! K\! ]CRYC[;]^[C! BCYCSBCS]! ;SB! ?;S! b;[e! H[UR! USC! ]U! ]cU! B;e\! ;]! ][UYK?;Q! ]CRYC[;]^[C\! á >P:P !;[U^SB!îëé!à!]U!;>U^]!;!RUS]J!;]! ñé!!á,;[?JE!C]!;Qyv! ìëíîày! 9Q\Uv! ]JC! CHHC?]! UH! CQC?][U;?]KbC!>;?]C[K;!b;SK\JC\!;]!JKIJC[!]CRYC[;]^[C!;SB!SU!CSSU>QCRCS]!J;\!>CCS![CYU[]CB!KS!]JC! .U[]J!3C;!;]!]CRYC[;]^[C!;>UbC!îìé!v!cJC[C;\!;!]CRYC[;]^[C!QKRK]!UH!;>U^]!îòé!!J;\!>CCS![CYU[]CB!KS!

! óö! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

]JC!>;e!UH! [C\]!á9]Q;S]K?!/?C;Sà!á(UQ]JC!2yv!íööôw!*UJS\CS!2yv!íööów!,;[?JE!C]!;Qyv!ìëíñw!,C>;QQC^[!C]!;Qyv! ìëíñày!4JC!?[K]K?;Q!]CRYC[;]^[C!HU[!>;?]C[K;ÉKSB^?CB!CSSU>QCRCS]!c;\!;>UbC!ïëé!!KS!]JC!][UYK?;Q!\C;!UH! 3KSI;YU[C!á,;[?JE!C]!;Qyv!ìëíñày!4JC\C![C\^Q]\!\^IIC\]!]J;]!]JC!CQC?][U;?]KbC!>;?]C[K;![C\YUS\K>QC!HU[!]JC! CSSU>QCRCS]!;[C!Y[U>;>Qe!SU]!UH!]JC!\;RC!S;]^[C!cU[QBcKBCv!U[!]J;]!]JCe!;B;Y]!]U!]JC!BKHHC[CS]!QU?;Q! CSbK[USRCS]\y!4JC!S;]^[C!UH!]JC!>;?]C[K;!;\\U?K;]CB!cK]J!]JC!CSSU>QCRCS]!J;bC!>CCS!KSbC\]KI;]CB!KS! U]JC[!\]^Be!;SB!\^IIC\]\!]JC!KSbUQbCRCS]!UH!CQC?][U][UYJK?!>;?]C[K;v!cJK?J!;[C!;>QC!]U!?;];QefC!]JC! UdeICS![CB^?]KUS!cK]J!?^[[CS]!Y[UbKBCB!>e!]JC!?;]JUBC!á4[KIUBC]!C]!;Qyv!ìëíöày!

4JC!CHHC?]!UH!BK\\UQbCB!UdeICS!?US]CS]!á#/!à!KS!S;]^[;Q!\C;c;]C[!c;\!\JUcS!]U!J;bC!\KISKHK?;S]!KSHQ^CS?C! US!]JC!CSSU>QCRCS]!;SB!?US\CZ^CS]Qe!US!]JC!QU?;QKfCB!?U[[U\KUS![K\P\!á.K?C!C]!;Qyv!ìëíòày!3];KSQC\\!\]CCQ\! cK]J!0K]]KSI!2C\K\];S]!$Z^Kb;QCS]!.^R>C[!á02$.c!ß!•![!¶!îyîá•-U!¶!ëyñ•7à!¶!íó•.à!QUcC[!]J;S!ïë!;[C! SU[R;QQe! SU]! [C?URRCSBCB! HU[! \C;c;]C[! ;YYQK?;]KUS\y! (UcCbC[v! KS! ?;\C! KH! #/!! ?US?CS][;]KUS\! ;[C! ?US][UQQCB!á :P

CQUc!ìë!YY>à!;Q]C[S;]KbC\!]U!JKIJQe!;QQUeCB!I[;BC\!RKIJ]!]JCS!>C!?US\KBC[CB!]U![CB^?C! ?U\]\!á :P< y!02$.!®!ïëày!4JK\!?;S!>C!]JC!?;\C!HU[!][C;]CB!\C;c;]C[!KSOC?]KUS!RC];QQK?!cCQQ\!cJC[C!UdeICS! \?;bCSIC[\! ;[C! ICSC[;QQe! ^\CBy! )S! ]JK\! [C\YC?]v!RU[C! ?U\]ÉCHHK?KCS]! B^YQCd! \];KSQC\\! \]CCQ\! RKIJ]! >C! ?US\KBC[CB!;\!;Q]C[S;]KbC!]U!\^YC[ÉB^YQCd!\];KSQC\\!\]CCQ\y!!

(UcCbC[v!;]!]JC!RK?[U>KUQUIK?;Q!\?;QC!á >P:P !>;?]C[K;Q!;S;Qe\K\à!SU!B;];!?;S!>C!HU^SB!KS!]JC!QK]C[;]^[C!US! ]JC!KSHQ^CS?C!UH!UdeICS!US!>;?]C[K;!;\\U?K;]CB!cK]J!\];KSQC\\!\]CCQy!4JC!KBCS]KHK?;]KUS!;SB!^SBC[\];SBKSI! UH! ]JC! >;?]C[K;! ]J;]! ;[C! Y[C\CS]! >CQUc! ;SB! ;>UbC! ]JC! ?[K]K?;Q! #/!! HU[! CSSU>QCRCS]! ?U^QB! JCQY! ;]! ?US][UQQKSI! ]JC! CHHC?]KbC! QU?;QKfCB! ?U[[U\KUS! [K\Py! 4JC! U>OC?]KbC! UH! ]JC! Y[C\CS]! \]^Be! c;\! ]U! H^[]JC[! KSbC\]KI;]C! ]JC! ?[K]K?;Q! BK\\UQbCB! UdeICS! ?US]CS]! Y[URU]KSI! >;?]C[K;QÉKSB^?CB! CSSU>QCRCS]! ;SB! ]U! YC[HU[R!RK?[U>KUQUIK?;Q!;S;Qe\K\!;]!QUc!;SB!\;]^[;]CB!#/!y!4JC!?USBK]KUS\!>CQUc!;SB!;>UbC!]JC!?[K]K?;Q! #/!!HU[!CSSU>QCRCS]!cC[C!KSbC\]KI;]CB!;SB!?URY;[CBv!>U]J!KS!]C[R\!UH!QU?;QKfCB!?U[[U\KUS!;SB!US!]JC! S;]^[C!UH!]JC!>;?]C[K;y! !

òë! ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

fV ! #6.#0(+#,2=*+.0-!#"30#+

*'(' )+=2#0(=*1+ ,

4JC!R;]C[K;Q\!^\CB!KS!]JK\!\]^Be!cC[C!B^YQCd!\];KSQC\\!\]CCQ!5.3!3îíôëîv!;SB!\^YC[ÉB^YQCd!\];KSQC\\!\]CCQ! 5.3!33îìòñëy!3;RYQC\!cC[C!]C\]CB!;\!YQ;]C\!UH!íëë!RR!d!ñë!RR!d!íë!RRy!4JC!SURKS;Q!?URYU\K]KUS!UH! ]JC!\];KSQC\\!\]CCQ!K\!IKbCS!KS!4;>QC!ìy!0[KU[!]U!CdYU\^[Cv!]JC!YQ;]C\!cC[C!c;\JCB!B^[KSI!ìë!RKS!KS!ìë•! SK][K?!;?KB!;SB!\]C[KQKfCB!>e!;^]U?Q;bKSI!HU[!ìë!RKS!;]!íìíé!!áB[e!?e?QCày!-C];QQUI[;YJK?!KSbC\]KI;]KUS\! cC[C!YC[HU[RCB!US!]JC!ì!]C\]CB!;QQUe\y!2C\^Q]\!;[C! IKbCS! KS! &KI^[C! íôy! 4JC! ;^\]CSK]CÇHC[[K]C! \Y;]K;Q! BK\][K>^]KUS!áñëÇñë!cK]J!;YY[Udy!íë!¨R!;^\]CSK]C!\Y;?KSIà!;SB!]JC!RK?[U\][^?]^[C!UH!]JC!KS\YC?]CB!;QQUe\! \JUcCB!SU!;>SU[R;Q!BCbK;]KUS\!H[UR!CdYC?]CB!RK?[U\][^?]^[C!HC;]^[C\!á!J;[QC\v!íööíày!

!

!

CIJSM!(%!4PMTQKIS!KVTWVZQ[QVU!VN![MZ[ML!WIZZQ]M!ISSV`Z! 5^[!c!JISIUKML!7M!!IUL! @A6>%! #D=E=FLK+ !! -S! 3! .K! ![! -U! .! !^! 02$.â! 3,1+1ecjbe+ ëyëíó! íyîó! ®ëyëí! ñyòî! ììyñ! îyë! ëyíò! ëyìî! îïyö! 3,1+1edigb+ ëyëíï! ëyîï! ®ëyëí! òyë! ìñyí! îyô! ëyìö! ëyíî! ïìyî! S5-.#+5_5]!F5^5WOWQ]*D5^5TPY]3R5^5UZ]+5 !

! òí! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

! !

7QO\YM!'.%!=M[ISSVOYIWPQK!KYVZZ!ZMK[QVUZ!VN! SMN[!!B)'.&)#! YQOP[!!B)(-+&%!

*')' )-.#, \!(0!3(2+.-2#,2(=*+=,"+ !0#4(!#+!-00-1(-,+2#12(,&+ ,

4JC!\];>KQKfCB!UYCSÉ?K[?^K]!YU]CS]K;Q!á/!0à!UH!]JC!]C\]CB!;QQUe\!J;bC!>CCS!RC;\^[CB!;\!;!H^S?]KUS!UH!#/!v! KS! S;]^[;Q! \C;c;]C[y! 4K];SK^R! áI[;BC! ìà! cK[C\! cC[C! ^\CB! HU[! CQC?][K?;Q! ?US];?]! ;QQUcKSI! /!0! RC;\^[CRCS]\y!4JC!/!0!cC[C!RC;\^[CB!cK]J!JKIJ!KRYCB;S?C!á©íë íí ´à!B;];!QUIIC[\!?USSC?]CB!]U!;!ICQ! [CHC[CS?C! CQC?][UBC! 9IÇ9I!QÇ+!Qy! 4JC! CQC?][UBC\! cC[C! cCCPQe! ?;QK>[;]CB! cK]J! ;! ?C[]KHKCB! \;]^[;]CB! ?;QURCQ! CQC?][UBC! á3!$ày! 4JC! ?[K]C[KUS! HU[! \];>KQKfCB! YU]CS]K;Q! c;\! ;[>K][;[KQe! HKdCB! ]U! SU! YU]CS]K;Q! CbUQ^]KUS!UH!RU[C!]J;S!¶ÇÉ!ñ!R6!UbC[!ïôJ!á;H]C[!;!RKSKR^R!CdYU\^[C!]KRC!UH!íñ!B;e\ày!!US]KS^U^\Qe! [CSCcCB!\C;c;]C[!áH[UR!]JC!>;e!UH! [C\]v!&[;S?Cà!c;\!^\CB!]U!;QQUc!;!?US]KS^U^\!\^YYQe!UH!>;?]C[K;!;SB! S^][KCS]! H[UR! ]JC! S;]^[;Q! \C;c;]C[y! 4JC! ]CRYC[;]^[C! c;\! ?US][UQQCB! ;]! îëyëé!! ™ëyñé!! á[CI^Q;]CB! >e! JC;]KSI!>;SB\à!;SB!]JC![CSCc;Q![;]C!c;\!;>U^]!USC!?URYQC]C![CSCc;Q!YC[!B;e!UH!]JC!\C;c;]C[!KS!]JC! ?CQQ\!áîëë,v! >P:P !;>U^]!íì!,ÇJày!4JC!^\CB!S;]^[;Q!\C;c;]C[!\JUcCB!]JC!\];SB;[B!?J;[;?]C[K\]K?\!UH!]JC!

U 9]Q;S]K?!/?C;Sv!cK]J!;!\;QKSK]e!UH!îï ÇUU!™!í!;SB!Y(!ß!ôyí!™!ëyíy!3CbC[;Q!BK\\UQbCB!UdeICS!QCbCQ\!cC[C! \CQC?]CB!H[UR!®íë!YY>!]U!\;]^[;]KUS!áó!YYRà!KS!U[BC[!]U!B[;c!]JC!/!0! J:FGIG !#/!!?^[bC\!;SB!]U!BCHKSC! ]JC!?[K]K?;Q!#/!!HU[!>;?]C[K;QÉKSB^?CB!CSSU>QCRCS]y!4JC!#/!!c;\!?US][UQQCB!cK]J!]JC!^\C!UH!?US][UQQCB! R;\\!I;\!HQUc![CI^Q;]U[\!?USSC?]CB!]U!Y^[C!SK][UICS!;SB!UdeICSy!4JC!#/!!c;\!RC;\^[CB!cK]J!,KIJ]É #K\\UQbCB!/deICS!á,#/à!Y[U>C\!;QQUcKSI!RC;\^[CRCS]!UH!UdeICS!][;?C!á®!ñ!YY>ày!4JC!Y[KS?KYQC!UH!]JC! \C]É^Y!K\!IKbCS!KS!&KI^[C!íöy!!

òì ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

!

7QO\YM!'/%!@YQUKQWSM!VN![PM!ZM[$\W!NVY!LQZZVS]ML!V_`OMU!KVU[YVS!QU!MSMK[YVKPMTQKIS!KMSSZ%+

!

)S!Y;[;QQCQv!?[CbK?C!;\\CR>QKC\!cC[C!^\CB!US!]JC!YQ;]C!\;RYQC\!]U!Cb;Q^;]C!]JC![K\P!UH!?[CbK?C!?U[[U\KUS! ;]!BKHHC[CS]!#/!!KS!S;]^[;Q!\C;c;]C[!áH[UR!íë!YY>!]U!\;]^[;]CB!#/!!UH!ó!YYRày!4JC!\CQC?]CB!?[CbK?C! HU[RC[\! HU[! YQ;]C! ?U^YUS\! cC[C! R;BC! UH! 06#&! áìë! RR! BK;RC]C[! I;\PC]\àv! BC\KISCB! ;??U[BKSI! )3/! íôëòëxìëíñ! [C?URRCSB;]KUS\! á)3/v! ìëíñày! 4JC! I;\PC]! Y[C\\^[C\! UH! ìë! .ÇRRõ! c;\! ;YYQKCB! US! ;QQ! \e\]CR\v!cJK?J!K\!?US\KBC[CB!;\!;!bC[e!\CbC[C!?[CbK?C!ICURC][e!HU[!]JC!^\CB!;\\CR>Qe!á,;[?JE!C]!;Qyv! ìëíóày!9!\?JCR;]K?!BC\?[KY]KUS!UH!]JC!?[CbK?C!HU[RC[!HU[!YQ;]C!ICURC][e!K\!Y[C\CS]CB!KS!&KI^[C!ìëy!4JC! ;YYQKCB!Y[C\\^[C!US!]JC!I;\PC]!c;\!?US][UQQCB!^\KSI!;!?;QK>[;]CB!]U[Z^C!c[CS?J!;SB!?;QK>[;]CB!]K];SK^R! BK\?!\Y[KSI\y!4K];SK^R!á'[;BC!ìà!H;\]CSKSI\v!;QQ!KS\^Q;]CB!H[UR!]JC!?U^YUS\v!cC[C!^\CB!HU[!]JC!;\\CR>Qe! á)3/v!ìëíñày!4JC!UYCSÉ?K[?^K]!YU]CS]K;Q!UH!]JC!?[CbK?C!\;RYQC\!J;\!>CCS!?US]KS^U^\Qe!RUSK]U[CB!^\KSI!;! \KRKQ;[!\C]^Y!;\!BC\?[K>CB!;>UbC!HU[!SUSÉ?[CbK?C!\;RYQC\y!4JC!RUSK]U[KSI!UH!]JC!YU]CS]K;Q!;QQUcCB!]U!

! òî! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

BC]C?]! ]JC! CbCS]^;Q! KSK]K;]KUS! UH! QU?;QKfCB! ?U[[U\KUSv! >P:P ! KSBK?;]CB! >e! Q;[IC! YU]CS]K;Q! B[UYá\ày! 4JC! CdYU\^[C\!cC[C!\]UYYCB!cJCS!?U[[U\KUS!c;\!bK\^;QQe!BC]C?]CBv!cK]J!R;dKR^R!CdYU\^[C!B^[;]KUS!UH!î! RUS]J\y!

!

!

7QO\YM! (&%! BKPMTI[QK! KYM]QKM! NVYTMY! IZZMTJS`! JIZML! VU! :B?'.&-&0(&'+! :B?#!(&'+!%!

!

&U[!;QQ!]C\]CB!?USHKI^[;]KUS\!á >P:P !cK]J!;SB!cK]JU^]!?[CbK?C!HU[RC[\àv!HKbC![CYQK?;]C\!J;bC!>CCS!CdYU\CB! ]U!;QQUc!\];]K\]K?;Q!Cb;Q^;]KUS\y!&U[!R;]C[K;Q!;HHC?]CB!>e!?U[[U\KUSv!;!YK?PQKSI!\]CY!KS!ìë•!SK][K?!;?KB!Y[KU[! ]U!]JC!Cb;Q^;]KUS!c;\!YC[HU[RCBy!!

fVeV ! =!2#0(=*+ ",= +!-**#!2(-,+=,"+1#/3#,!(,&+ +

-;Se!>;?]C[K;!?;S!\C]]QC!;SB!HU[R!;!>KUHKQR!US!]JC!\^[H;?C!UH!;!\];KSQC\\!\]CCQ!?U^YUSv!>^]!>KUHKQR!?;S! ;Q\U!BCbCQUY!US!KSC[]!\^[H;?C\v!QKPC!IQ;\\y!)]!K\!?[^?K;Q!]U!KBCS]KHe!]JC!\YC?KHK?!>;?]C[K;Q!H[;?]KUS!UH!]JC! ?URR^SK]e!?UQQC?]CB!US!\];KSQC\\!\]CCQ!]J;]!K\![C\YUS\K>QC!HU[!]JC!CSSU>QCRCS]y!'Q;\\!?U^YUS\!?;S!>C! ^\CB!;\!SUSÉ?USB^?]KbC!\^[H;?C!?US][UQ!]U!>C!?URY;[CB!cK]J!\];KSQC\\!\]CCQ!>;?]C[K;Q!?URR^SK]KC\y!

òï ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

9!\KRKQ;[!\C]!^Y!;\!BC\?[K>CB!KS!&KI^[C!íö!c;\!^\CB!]U!CdYU\C!\^YC[ÉB^YQCd!\];KSQC\\!\]CCQ!;SB!]U!?UQQC?]! ]JC!>;?]C[K;!;]!]JC!\^[H;?C!UH!]JC!R;]C[K;Q!;H]C[!]cU!cCCP\!UH!CdYU\^[Cy!4JC!]cU!?USBK]KUS\!^\CB!cC[C! H^QQe!;C[;]CB!;[U^SB!ó!YYR!;SB!BC;C[;]CB!c;]C[!^SBC[!íë!YY>y!9BBK]KUS;Q!IQ;\\!\;RYQC\!cC[C!CdYU\CB! B^[KSI!]JC!\;RC!]KRC!;SB!KS!]JC!\;RC!CQC?][U?JCRK?;Q!?CQQ\y!

;?]C[K;!cC[C!?UQQC?]CB!KRRCBK;]CQe!;H]C[!?U^YUS!?UQQC?]KUS!^\KSI!;!\]C[KQC!?CQQ!QKH]C[!á4JC[RU!&K\JC[! 3?KCS]KHK?v!5SK]CB!3];]C\à!>e!ICS]QC!;SB!^SKHU[R!\?[;]?JKSI!KS]U!íëë!R,!UH!;!4[K\! ^HHC[CB!3;QKSC!á4 3à! \UQ^]KUS!áñë!R-!4[K\v!íñë!R-!.;!Qv!Y(!òyóà!^SBC[!\]C[KQC!?USBK]KUS\!CS\^[CB!>e!;! ^S\CS!>^[SC[!]J;]! PCY]!]JC!KRRCBK;]C!;[C;!\]C[KQCy!4 3!\UQ^]KUS\!cC[C!]JCS!\]U[CB!KS!K?C!HU[!][;S\YU[]!]U!]JC!RUQC?^Q;[! Q;>U[;]U[ey! 4 3! \UQ^]KUS\! cC[C! HKQ]C[CB! ]J[U^IJ! ëyìì! ¨R! '440! YUQe?;[>US;]C! RCR>[;SC\! á-C[?P! -KQQKYU[Cv! 5SK]CB! 3];]C\à! cJK?J! cC[C! ]JCS! ][;S\HC[[CB! ]U! 0UcC[ KUHKQRå! C;B! 4^>C\! H[UR! ]JC! 0UcC[ KUHKQR!#.9!Cd][;?]KUS!PK]!á-U KUv!5SK]CB!3];]C\ày!

4JC!#.9!Cd][;?]KUS!c;\!YC[HU[RCB!;??U[BKSI!]U!]JC!R;S^H;?]^[C[|\!KS\][^?]KUS\!UH!]JC!0UcC[ KUHKQR! #.9!Cd][;?]KUS!PK]!á-U KUv!5SK]CB!3];]C\ày!4JC!6ïÉ6ñ![CIKUS!UH!]JC!íó3![2.9!>;?]C[K;Q!R;[PC[ÉICSC!c;\! ;RYQKHKCB!>e!;!YUQeRC[;\C!?J;KS![C;?]KUS!á0!2à!cK]J!]JC!ñíô&!;SB!öìó2!Y[KRC[\!H^\CB!cK]J!)QQ^RKS;! ;B;Y]C[\!;SB!\;RYQCÉ\YC?KHK?!\C]\!UH!>;[?UBC\!;SB!KSBCdC\y!0!2!Y[UB^?]\!cC[C!bK\^;QKfCB!US!;I;[U\C!ICQ\! ;SB!Y^[KHKCB!cK]J!9-0^[C!80!á9ICS?U^[]v!5SK]CB!3];]C\à![C;ICS]y!#.9!?US?CS][;]KUS!c;\!;\\C\\CB!cK]J! 1^;S]ÉK4ç!0K?U'[CCSå!B\#.9!á)SbK][UICSv!5SK]CB!3];]C\à!Y[KU[!]U!YUUQKSI!]JC!0!2!Y[UB^?]\!;]!CZ^KRUQ;[! ?US?CS][;]KUSy! 3CZ^CS?KSI! ^\KSI! )QQ^RKS;! -K3CZ! YQ;]HU[R! c;\! YC[HU[RCB! ;]! ]JC! *U\CYJKSC! ;e! 0;^Q! !CS]C[!á7UUB\!(UQCv!5SK]CB!3];]C\ày!3CZ^CS?C\!cC[C!BCYU\K]CB!]U!]JC!$^[UYC;S!.^?QCU]KBC!9[?JKbC! ^SBC[!]JC!;??C\\KUS!S^R>C[!02*$ îëöòò!)6<<:)""???!417!02!=8"490"30<0">74?"./-+*%#('' !! !

fVfV ! (-(,%-0+=2(!+=,=*71(1+-%+2'#+ ",=+

4JC!Z^;QK]e!HKQ]C[KSI!UH![;c!\CZ^CS?KSI!B;];!c;\!?;[[KCB!HUQQUcKSI![C?URRCSB;]KUS\!KS!-KSU?JC!C]!;Qyv! ìëíí!cJKQC!RC[IKSI!UH!Y;K[CBÉCSB![C;B\!cK]J!)QQ^RKS;É5]KQ\!Ye]JUS!\?[KY]\!US!BCR^Q]KYQCdCB![;c![C;B\! á$[CS!C]!;Qyv!ìëíî>ày!7C!]JCS!YC[HU[RCB!/45!BCQKSC;]KUS!cK]J!]JC!3c;[R!;QIU[K]JR!^\KSI!]JC!BCH;^Q]! QU?;Q!QKSPKSI!]J[C\JUQB!B!ß!í!á-;JE!C]!;Qyv!ìëíñày!7C!^\CB!63$92!(!á2UISC\!C]!;Qyv!ìëíóà!]U!BC]C?]!;SB!

! òñ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

[CRUbC!?JKRC[;\v!;SB!]JC!3KQb;!.2!íìô!B;];>;\C!á1^;\]!C]!;Qyv!ìëíîà!HU[!];dUSURK?!;\\KISRCS]!UH!3c;[R! [CY[C\CS];]KbC!\CZ^CS?C\!cK]J!-U]J^[!á3?JQU\\!C]!;Qyv!ìëëöày!

3];?PCB!>;[!YQU]\!cC[C!Y[UB^?CB!cK]J!IIYQU]ì!á7K?PJ;Rv!ìëëöày!7C!^\CB!]JC!]cU!?USBK]KUS\!}\];KSQC\\! \]CCQ!cK]J!UdeICS~!;SB!}IQ;\\!cK]J!UdeICS~!]U!YC[HU[R!>KUR;[PC[!BC]C?]KUS!cK]J!,$H3C!á3CI;];!C]!;Qyv! ìëííày!

9!H^QQe![CY[UB^?K>QC!cU[PHQUc!K\!;b;KQ;>QC!;]! J]]Y\xÇÇIK]J^>y?URÇQUKR;KÇCSSU>QCRCS]Ü#/!Üíó3 y!!

fVgV !1#+ +(+=&(,& +

3URC!?U^YUS\!cC[C!HKdCB!HU[!\?;SSKSI!CQC?][US!RK?[U\?UYe!cK]J!ìyñ•!IQ^];[;QBCJeBC!\C;c;]C[!HU[!USC! JU^[v!]JCS![KS\CB!]J[CC!]KRC\!KS!\C;c;]C[!HU[!íñ!RKSy!4JC!BCJeB[;]KUS!Y[U?C\\!KSbUQbCB!HU^[!c;\JC\!UH! íñ!RKS!KS!KS?[C;\KSI!?US?CS][;]KUS\!UH!C]J;SUQ!áñë•v!òë•v!öë•!;SB!íëë•à!HUQQUcCB!>e!\KRKQ;[!c;\JC\!KS! JCd;RC]JeQBK\KQ;f;SC!á(-#3à!;SB!C]J;SUQ!\UQ^]KUS!á£!(-#3v!¢!(-#3v!§!(-#3!;SB!íëë•!(-#3ày!4JC! U>\C[b;]KUS\!cC[C!R;BC!cK]J!;!(K];?JK!35îñëë!RK?[U\?UYC!á(K];?JK!(KIJÉ4C?JSUQUIKC\v!'C[R;Seày!!

! +

òó! ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

gV ! 0#13*21 +

+'(' )-.#, \!(0!3(2+.-2#,2(=*+=,"+ !0#4(!#+!-00-1(-,+2#12(,&+ ,

7C!HK[\]!RUSK]U[CB!]JC!\];>KQKfCB!/!0! J:FGIG !#/!!HU[!]JC!B^YQCd!5.3!3îíôëî!;SB!]JC!\^YC[ÉB^YQCd!5.3! 3îìòñë!KS!S;]^[;Q!\C;c;]C[!;]!îëé!!á&KI^[C!ìíày!3KRKQ;[!YU]CS]K;Q\!J;bC!>CCS!RC;\^[CB!HU[!>U]J!;QQUe\! cK]JU^]!YK]]KSI!?U[[U\KUSy!4JC!/!0!BC?[C;\CB!H[UR!;>U^]!Éíëë!R6Ç3!$!]U!Éïñë!R6Ç3!$!KS!BC;C[;]CB! c;]C[!cJCS!#/!!BC?[C;\CB!H[UR!íëë!YY>!]U!®ñ!YY>y!5SBC[!]JC!]C\]CB!?USBK]KUS\v!]JC!>;?]C[K;ÉKSB^?CB! CSSU>QCRCS]!c;\!U>\C[bCB!KS!]JC![;SIC!UH!òë!YY>!]U!íëë!YY>v!cK]J!;S!KS?[C;\C!KS!/!0!]U!;>U^]!¶ìëë! R6Ç3!$y!9]!JKIJC[!#/!v!]JC!\];>KQKfCB!/!0!;H]C[!CSSU>QCRCS]!K\![;SIKSI!H[UR!¶ìñë!]U!¶îñë!R6Ç3!$y!!

7C!]JCS!CdYU\CB!\YC?KRCS\!cK]J!?[CbK?C!HU[RC[\!HU[!;!R;dKR^R!UH!î!RUS]J\!;]!BKHHC[CS]!#/!!;SB! \]UYYCB!]JC!CdYU\^[C\!cJCS!?U[[U\KUS!c;\!bK\^;QQe!BC]C?]CBy!4JC!?[CbK?C!?U[[U\KUS![C\^Q]\!;[C!IKbCS!KS! 4;>QC!îy!4JC!\^YC[ÉB^YQCd!5.3!3îìòñë!USQe!\JUcCB!?[CbK?C!?U[[U\KUS!;]!#/!!UH!óëë!YY>y!9]!]JK\!QCbCQv! ]JC! /!0! [;SIC! UH! ^SÉ?[CbK?CB! \YC?KRCS\! c;\! >C]cCCS! ¶ìñë! ;SB! ¶îìë! R6Ç3!$y! &U[! ]JC! B^YQCd!5.3! 3îíôëîv!?[CbK?C!?U[[U\KUS!c;\!U>\C[bCB!;]!íëë!YY>!;SB!;>UbCv!cJKQC!SU!?U[[U\KUS!c;\!U>\C[bCB!;]!óë! YY>!;SB!>CQUcy!4JC!]eYK?;Q!;\YC?]!UH!;!?[CbK?CB!;SB!SU]!?[CbK?CB!?U^YUS!;H]C[!CdYU\^[C!K\!IKbCS!KS!&KI^[C! ììy!!

!

!

!

!

!

! òò! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

CIJSM!)%!4VYYVZQVU!YMZ\S[Z!NVY!Z[IQUSMZZ!Z[MMSZ!D>B!B)'.&)!IUL!B)(+-&!IZ!I!N\UK[QVU!VN!5?4!QU! KVU[QU\V\ZS`! YMUM^ML! UI[\YIS!ZMI^I[MY! I[! )&b4 y!![CbK?C!HU[RC[\!;??U[BKSI!)3/íôëòëxìëíñ!cK]J! I;\PC]!Y[C\\^[C!UH!ìë!.ÇRRõ!

-!.+J9F@=+OBLAGML+ #D=;LJG9;LBN=+ "-+^HH:_+ "MHD=P+1ecjbe+ 1MH=J+"MHD=P+1edigb+ ;J=NB;=+^E4[1!#_+ =FFG:D=E=FL+

íë! Éïìë!Ç!Éîëë! .U!?U[[U\KUS! .U!?U[[U\KUS! .U! óë! Éìëë!Ç!Éôë! .U!?U[[U\KUS! .U!?U[[U\KUS!

íëë! ¶íñë!Ç!¶ìïë! ![CbK?C!?U[[U\KUS! .U!?U[[U\KUS!

ìëë ¶íñë!Ç!¶ìïë 9C\ ![CbK?C!?U[[U\KUS .U!?U[[U\KUS

óëë! ¶ìñë!Ç!¶îìë! ![CbK?C!?U[[U\KUS! ![CbK?C!?U[[U\KUS!

!

! 7QO\YM! ('%! B[IJQSQaML! ?4@! 3(/020 ! 5?4! K\Y]MZ! QU! KVU[QU\V\ZS`! YMUM^ML! UI[\YIS! ZMI^I[MY!I[!)&b4!NVY!Z[IQUSMZZ!Z[MMSZ!D>B!B)'.&)!IUL!B)(+-&%! !

òô ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

!

7QO\YM! ((%! C`WQKIS! IZWMK[! VN! KYM]QKM! [MZ[! ZWMKQTMU! IN[MY! M_WVZ\YM%! á,CH]à! cK]JU^]! ?U[[U\KUS! á3îíôëî!;]!íëë!YY>à!Ö!á2KIJ]à!\JUcKSI!?[CbK?C!á3îíôëî!;]!óë!YY>ày!

gVdV !+(!0- (-*-&(!=*+=,=*71#1 +

)S!Y;[;QQCQv!cC![C?U[BCB!]JC!YU]CS]K;Q!UH!\];KSQC\\!\]CCQ!?U^YUS\!^\CB!HU[!]JC!RK?[U>KUQUIK?;Q!;S;Qe\K\! B^[KSI!]JC!]cU!cCCP\!UH!CdYU\^[C!á&KI^[C!ìîày!9!]eYK?;Q!CSSU>QCRCS]!YU]CS]K;Q!^Y!]U!¶îëë!R6Ç3!$! RCBK;]CB!>e!>;?]C[K;!c;\!RC;\^[CB!;H]C[!]J[CC!B;e\!KS!;C[;]CB!?USBK]KUS\y!)S!?US][;\]v!]JC!YU]CS]K;Q! BC?[C;\CB!>CQUc!Éïëë!R6Ç3!$!;]!]JC!CSB!UH!]JC!CdYU\^[C!^SBC[!íë!YY>!UH!#/!y!!

)S! U[BC[! ]U! ?J;[;?]C[KfCB! ]JC! \^[H;?C! >;?]C[K;Q! ?URR^SK]KC\! HU[! C;?J! ?USBK]KUSv! cC! ?US\][^?]CB! ;SB! \CZ^CS?CB!íì!;RYQK?US!QK>[;[KC\!;SB!U>];KSCB!öòïvïñò![;c!\CZ^CS?C\!UH!]JC!>;?]C[K;Q!íó3![2.9!R;[PC[! ICSC! 6ïÉ6ñ! [CIKUSy! 9H]C[! Z^;QK]e! HKQ]C[KSI! ;SB! Y;K[CB! CSB! [C;B! RC[IKSIv! òñïvëôì! \CZ^CS?C\! cC[C! [C];KSCBv![C\^Q]KSI!KS!ñëvîïì!UYC[;]KUS;Q!];dUSURK?!^SK]\!á/45\àv!;SB!ìïvóöñ!?JKRC[;ÉH[CC!/45\!HKS;QQe! [CY[C\CS]KSI!óïívññë!\CZ^CS?C\y!

)S!ICSC[;Qv!]JC!>;?]C[K;Q!?URYU\K]KUS!c;\!BKHHC[CS]!cK]J!U[!cK]JU^]!UdeICSv!cK]J!USQe!USC!\J;[CB!/45!

;>UbC! ;! í•! UH! [CQ;]KbC! ;>^SB;S?C! ?^]UHH! á;HHKQK;]CB! ]U! *IF>86I96 v! ,75=;4! $& ày! 5SBC[! ;S;C[U>K?!

! òö! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

?USBK]KUS\v!]JC!>;?]C[K;Q!?URR^SK]KC\!cC[C!\KRKQ;[!>C]cCCS!\];KSQC\\!\]CCQ!;SB!IQ;\\!?U^YUS\v!cK]J!USQe! USC!/45!á;HHKQK;]CB!]U! .=D9DH=:FB68:6: v! ,75=;4!$& à!Cd?Q^\KbCQe!Y[C\CS]!US!IQ;\\!?U^YUS\y!!

4JC!>;?]C[K;Q!?URR^SK]KC\!KS!;C[U>K?!?USBK]KUS\!cC[C!;Q\U!bC[e!\KRKQ;[!>C]cCCS!]JC!\];KSQC\\!\]CCQ!;SB! IQ;\\!?U^YUS\v!>^]!cC!U>\C[bCB!;BBK]KUS;Q!/45\!US!]JC!\];KSQC\\!\]CCQ!?U^YUS\!;HHKQK;]CB!]U!]JC!H;RKQe! $A6JD768H:F>68:6: !;SB!]JC!ICS^\! -DAM8M8ADJDF6CG y!!

!

7QO\YM! ()%! ?WMU! KQYK\Q[! WV[MU[QIS! VN! D>B! B)(+-&! QU! IMYI[ML! IWWYV_%! ,! WWT!! IUL! LMIMYI[ML! 1'&WWJ!!ZMI^I[MY%!! !

!

!

!

ôë! ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

!

7QO\YM! (*%! AMSI[Q]M! IJ\ULIUKM! LQZ[YQJ\[QVU! VN! ?CDZ! IJV]M! '5! VU! Z[IQUSMZZ! Z[MMS! VY! OSIZZ! KV\WVUZ#!IMYI[ML! IWWYV_%!,!WWT!!IUL!LMIMYI[ML! 1'&WWJ!!ZMI^I[MY%!4JC!];dUSURK?!;\\KISRCS]! K\![CY[C\CS]CB!>e!]JC!BKHHC[CS]!?UQU[\!;SB!]JC!S^R>C[!UH!/45\!cK]J!;!\KRKQ;[!;HHKQK;]KUS!;[C!\JUcS!;\! áS!ß!dày!33!RC;S\!\];KSQC\\!\]CCQ!KS!]JK\!HKI^[Cy!

!

! !

! ôí! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

4U!KBCS]KHe!>;?]C[K;!]J;]!;[C!BKHHC[CS]K;QQe![CY[C\CS]CB!US!\];KSQC\\!\]CCQ!;SB!SU]!US!]JC!IQ;\\!?U^YUS\v! cC!YC[HU[RCB!;!>KUR;[PC[!BC]C?]KUS!;SB![C];KSCB!]JC!]CS!/45\!cK]J!]JC!JKIJC\]!,#9!\?U[C!H[UR!,$H3C! ;S;Qe\K\!á&KI^[C!ìñày!4JC\C!>;?]C[K;!cC[C!;QQ!;HHKQK;]CB!cK]J!RK?[UU[I;SK\R\!BC\?[K>CB!;\!;>QC!]U!BCI[;BC! JeB[U?;[>US!?URYU^SB\y!

!

7QO\YM!(+%!AMSI[Q]M!IJ\ULIUKM!LQZ[YQJ\[QVU!VN![PM![MU!JMZ[!JQVTIYRMY! ?CDZ! VN! [PM! Z[IQUSMZZ! Z[MMS! \ULMY! IMYVJQK! KVULQ[QVUZ% ! 33! RC;S\! \];KSQC\\!\]CCQ!KS!]JK\!HKI^[Cy!

ôì ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

4JC!>;?]C[K;Q!?UQUSKf;]KUS!UH!]JC!5.3!3îìòñë!^SBC[!>U]J!?USBK]KUS\!;[C!\JUcS!KS!&KI^[C!ìóy!6;[KU^\! RU[YJUQUIe!UH!>;?]C[K;!?;S!>C! U>\C[bCB!^SBC[! ]JC!]cU!BK\]KS?]!UdeICS!?US]CS]!?USBK]KUS\x!>;?KQQ^\v! ?U??^\v!\CIRCS]CB!;SB!SUSÉ\CIRCS]CB!HKQ;RCS]U^\!>;?]C[K;y!4JC!>;?]C[K;Q!RU[YJUQUIe!;SB!?UbC[;IC! UH!]JC!\^[H;?C!K\![CQ;]KbCQe!\KRKQ;[!>C]cCCS!]JC!]cU!?USBK]KUS\y!!

!

! 7QO\YM!(,%!BKIUUQUO!MSMK[YVU!TQKYVZKVW`!TQKYVOYIWPZ!I[!';! 2#!4!!IUL!+;! 3#!5!!TIOUQNQKI[QVU%! D>B+)(-+&!IN[MY![^V!^MMRZ!VN!M_WVZ\YM#!QU!IMYVJQK! 2#!3!!IUL!IUIMYVJQK! 4#!5!!KVULQ[QVUZ%!

!

+ +

! ôî! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

hV ! "(1!311(-, +

,Uc!#/!!>CQUc!òëÉíëë!YY>!Y[CbCS]!]JC!>;?]C[K;ÉKSB^?CB!CSSU>QCRCS]!UH!\];KSQC\\!\]CCQv!QKRK]KSI!]JC! [K\P! UH! KSK]K;]KUS! UH! ?[CbK?C! ?U[[U\KUS! HU[! >U]J! B^YQCd! á5.3! 3îíôëîà! ;SB! \^YC[ÉB^YQCd! á5.3! 3îìòñëà! \];KSQC\\!\]CCQ\y!5SBC[!\^?J!?USBK]KUS\v!B^YQCd!\];KSQC\\!\]CCQ\!?;S!]JCS!>C!?US\KBC[CB!HU[!;YYQK?;]KUS\!KS! \C;c;]C[y!&U[!JKIJC[!#/!!áíëë!YY>!]U!ó!YYRàv!]JC!CSSU>QCRCS]!UH!/!0!KS?[C;\CB!]JC![K\P!UH!?[CbK?C! ?U[[U\KUS!;SB!JKIJC[!I[;BC!UH!\];KSQC\\!\]CCQ!\JU^QB!>C!?US\KBC[CBy!!

;?]C[K;!^\C![CBUd![C;?]KUS\!HU[!CSC[Ie!?US\C[b;]KUS!;SB!I[Uc]J!;SB!;!Q;[IC!BKbC[\K]e!UH!>;?]C[K;!;[C! ;>QC!]U![CB^?C!UdeICS!KS!]JC!HU^[!CQC?][US![CB^?]KUS!]U!c;]C[y!/S!]JC!U]JC[!J;SBv!>;?]C[K;!?;S!;Q\U!QKbC! cK]JU^]!UdeICS!;SB![CB^?C!U]JC[\!CQCRCS]\!\^?J!;\!SK][;]C!U[!\^QH;]Cy!/bC[;QQv!K]!K\!SU]!;!\^[Y[K\KSI![C\^Q]! ]U!J;bC!BKHHC[CS]!>;?]C[K;Q!?URR^SK]KC\!US!]JC!\^YC[ÉB^YQCd!?U^YUS\!cK]J!;SB!cK]JU^]!UdeICSv!;SB! ]JC[CHU[C!]JC\C!]cU!?USBK]KUS\!?;SSU]!>C!?URY;[CB!]U!KSHC[!cJK?J!>;?]C[K;Q!H[;?]KUS!K\![C\YUS\K>QC!HU[! ]JC!CSSU>QCRCS]y!7K]J!]JC!#/!!^SBC[!íë!YY>v!]JC!>;?]C[K;Q!?URR^SK]KC\!cC[C!\KRKQ;[!HU[!>U]J!5.3! 3îìòñë!;SB!IQ;\\!?U^YUS\v!cJK?J!K\!?UJC[CS]!cK]J!]JC!;>KQK]e!UH!>;?]C[K;!]U!\C]]QC!US!BKHHC[CS]!\^[H;?C\y! )S! H^QQe! ;C[;]CB! ?USBK]KUS\v! ]JC! >;?]C[K;Q! ?URR^SK]KC\! cC[C! ;Q\U! IQU>;QQe! \KRKQ;[! >C]cCCS! ]JC! ]cU! \^[H;?C\!>^]!\URC!>;?]C[K;!cC[C!USQe!Y[C\CS]!US!\];KSQC\\!\]CCQy!4JC\C!>KUR;[PC[\!UH!]JC!\];KSQC\\!\]CCQ! ?URR^SK]KC\! ?;S! ]JCS! >C! ?US\KBC[CB! ;\! ]JC! RU\]! KS]C[C\]KSI! ?;SBKB;]C! >;?]C[K;! KSbUQbCB! KS! CSSU>QCRCS]y!!

9RUSI!]JC!>KUR;[PC[\v!\URC!;[C![CQ;]CB!]U!]JC!PSUcS!JeB[U?;[>USÉBCI[;BKSI!>;?]C[K;!QKPC! 2A86C>JDF6LO5 -DAM8M8ADJDF6CGO52A<>E=>AIG !;SB! 0=6A6GGDA>HIIGP !)]!\JU^QB!>C!SU]K?CB!]J;]!]JK\!]eYC!UH!>;?]C[K;!c;\!;Q\U! KBCS]KHKCB!KS!;!\]^Be!;>U^]!]JC!]CRYC[;]^[C!CHHC?]!US!\];KSQC\\!\]CCQ!CSSU>QCRCS]!á4[KIUBC]!C]!;Qyv!ìëíöày! 9!RCR>C[!UH!]JC! 2A86C>JDF68:6: !H;RKQe!c;\!;Q\U!HU^SB!KS!;!>KU?;]JUBC!CdYC[KRCS]!cJC[C!>;?]C[K;!;[C! HCB!>e!;!?;]JUBC!;\!\UQC!CQC?][US!BUSU[!\U^[?C!á7;SI!C]!;Qyv!ìëíñ>ày!/KQÉBC[KbCB!?URYU^SB\!KS!]JC!]^>KSI! ;SB!Y^RYKSI!\C;c;]C[!\e\]CR!?U^QB!>C!;!\U^[?C!UH!?US];RKS;]KUS!QC;BKSI!]U!]JC!Y[C\CS?C!UH!>;?]C[K;! cK]J!]J;]!Y;[]K?^Q;[!]eYC!UH!RC];>UQK\Ry!4JCK[![C?^[[CS?C!KS!U^[!\]^BKC\!;SB!]JCK[!Y[C\CS?C!KS!;SU]JC[! \]^Be!cJK?J!KSbUQbC\!CQC?][U;?]KbC!>;?]C[K;!KSBK?;]C!]J;]!]JCe!RKIJ]!J;bC!;![UQC!KS!]JC!CSSU>QCRCS]y!

ôï! ! !(904$2! ))!x !).&,5$.!$!/&!#)33/,6$#!/89'$.!!/.4$.4 ! !

9SU]JC[!>KUR;[PC[!UH!U^[!\]^Bev! *IF>86I96O !c;\!;Q\U!KBCS]KHKCB!>e!á7;SI!C]!;Qyv!ìëíñ>àv!KS!;!>KU?;]JUBC! >KUHKQRy!!

!

)S!]JK\!\]^Be!cC!Y[UYU\C!;!QK\]!UH!>;?]C[K;!;\\U?K;]CB!cK]J!CSSU>QCRCS]!á&KI^[C!ìñàv!cJK?J!K\!;!SCc!\]CY! ]U!>C]]C[!^SBC[\];SB!]JC!>;?]C[K;Q!RC?J;SK\R\![C\YUS\K>QC!HU[!]JC!?J;SIC!UH!YU]CS]K;Q!;SB!]JC!KS?[C;\CB! [K\P!UH!QU?;QKfCB!?U[[U\KUSy!)S]C[Y[C];]KUS\!;>U^]!]JC![UQC!UH!>KUR;[PC[\!>;?]C[K;!K\!QKRK]CB!]U!CK]JC[!YUU[! ];dUSURK?! [C\UQ^]KUS! á $A6JD768H:F>68:6: v! +!-É Éííìv! !FMDBDFE=68:6: v! 2AE=6EFDH:D768H:F>6 à! U[! ]JC! [UQC! UH! JeB[U?;[>USÉBCI[;BKSI! >;?]C[K;! KS! CSSU>QCRCS]! cJK?J! K\! SU]! KBCS]KHKCBy! .USC]JCQC\\v! ]JCK[! ;\\U?K;]KUS!cK]J!]JC!CSSU>QCRCS]!Z^C\]KUS!]JCK[![UQC!;\! JeB[U?;[>US!BCI[;BKSI! >;?]C[K;!;SB!H^]^[C! cU[P!\JU^QB!?US\KBC[!]JC!YU\\K>KQK]e!]J;]!]JC\C!>;?]C[K;!?U^QB!J;bC!;S!CQC?][U;?]KbC!RC];>UQK\Ry!

iV ! !-,!*31(-,1 +

4JC!BK\\UQbCB!UdeICS!?US]CS]!KRY;?]!]JC!UYCS!?K[?^K]!YU]CS]K;Q!;SB!]JC!>;?]C[K;Q!?URR^SK]KC\y!)]!c;\! HU^SB! ]J;]! K]! CdK\]\! ;! ?[K]K?;Q! #/!! >C]cCCS! òë! ;SB! íëë! YY>! >CQUc! cJK?J! SU! >;?]C[K;ÉKSB^?CB! CSSU>QCRCS]!K\!RC;\^[CBy!5SBC[!]JC\C!?USBK]KUS\!KS!\C;c;]C[!;]!îëé!!á >P:P !>CQUc!òëÉíëë!YY>!UH!#/!à! SU! ?[CbK?C! ?U[[U\KUS! KSK]K;]CB! US! B^YQCd! \];KSQC\\! \]CCQy! 9>UbC! íëë! YY>! UH! #/!v! ]JC! >KUHKQRÉKSB^?CB! CSSU>QCRCS]!K\!RC;\^[CBv!KS?[C;\KSI!]JC![K\P!UH!QU?;QKfCB!?U[[U\KUSv!;SB!]JC[CHU[C![CZ^C\]KSI!]JC!^\C!UH! RU[C! [C\K\];S]! ;QQUe\y! 4JC! >;?]C[K;! KBCS]KHKCB! cK]J! ]JC! CSSU>QCRCS]! cC[C! [CQ;]CB! ]U! JeB[U?;[>US! BCI[;BKSI! >;?]C[K;v! cJK?J! cC[C! ;Q\U! HU^SB! KS! ;SU]JC[! \]^Be! ;>U^]! ]JC! [UQC! UH! ]CRYC[;]^[C! US! ]JC! >;?]C[K;ÉKSB^?CB! CSSU>QCRCS]! á4[KIUBC]! C]! ;Qyv! ìëíöàv!;SB!;\\U?K;]CB!cK]J!CQC?][U;?]KbC!>;?]C[K;!>e! U]JC[!;^]JU[\!á7;SI!C]!;Qyv!ìëíñ>ày!&^]^[C!\]^BKC\!\JU^QB!?US\KBC[!;SB!H^[]JC[!KSbC\]KI;]C!]JC![UQC!UH! JeB[U?;[>US!BCI[;BKSI!>;?]C[K;!]U!^SBC[\];SB!]JCK[![CQ;]KUS!cK]J!]JC!CSSU>QCRCS]!UH!\];KSQC\\!\]CCQy

! ôñ! !

! !

!

!

!

!

! !!(904$2! )))x! -$49'$./-)!!$6)#$.!$!/&! $,$!42/42/0()!! 9!4$2)9!

! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

+

+

+

+=L9@=FGEB;+=NB<=F;=+G?+9F+=D=;LJG9;LBN=+:9;L=JB9+9KKG;B9L=<+OBLA+ KL9BFD=KK+KL==D+=FFG:D=E=FL+

!

9^]JU[\!x!&QU[K;S!4[KIUBC] ívì v!-U[I;SC!!J;QUYKS ív!-e[K;R!'CU[IC\ ív!(KQ;[e!-U[K\US îv!! -UJ;RCB!*C>>;[ ív!.K?UQ;\!,;[?JE ìv!#URKSKZ^C!4JKC[[e ìv!,UM\!-;KISKCS ívî!

!

í! 5SKbC[\K]E! BC! [C\]v! !.23v! )H[CRC[v! 5-2óíöòv! ,;>U[;]UK[C! BC! -K?[U>KUQUIKC! BC\! $SbK[USSCRCS]\! $d][FRC\v!ìöìôë!0QU^f;SEv!&[;S?Cy!

ì!&[CS?J!!U[[U\KUS!)S\]K]^]Cv! [C\]v!&[;S?C!!

î! *U\CYJKSC! ;e! 0;^Q! !CS]C[! HU[! !URY;[;]KbC! -UQC?^Q;[! KUQUIe! ;SB! $bUQ^]KUSv! -;[KSC! KUQUIK?;Q! ,;>U[;]U[ev!7UUB\!(UQCv!539!

!

#[;H]!Y;YC[v!;BBK]KUS;Q![C\^Q]\![CZ^K[CB!>CHU[C!\^>RK\\KUS!]U!Y^>QK?;]KUSy!

! !

ôô! ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! ! !

!

!

cV ! 0$13+$ +

,C\!RK?[UU[I;SK\RC\!YC^bCS]!;^IRCS]C[!QC!YU]CS]KCQ!QK>[C!BC\!;?KC[\!KSUdeB;>QC\!KRRC[IE\!CS!C;^!BC! RC[! Y;[! ^S! YJESURDSC! Z^C! Q|US! ;YYCQQC! ;SU>QK\\CRCS]y! ,C! ?J;SICRCS]! BC! YU]CS]KCQv! BC! Q|U[B[C! BC! YQ^\KC^[\!?CS];KSC\!BC!RKQQKbUQ]\v!;^IRCS]C!QC\![K\Z^C\!BC!?U[[U\KUS!QU?;QK\ECy!-;QI[E!Q|KRYU[];S?C!BC!?C! YJESURDSCv!US!SC!?USS;K]!Z^C!YC^!BC!?JU\C\!?US?C[S;S]!QC\!RE?;SK\RC\!RK?[U>KCS\!;\\U?KE\y!.U^\! ;bUS\!E]^BKE!QC![WQC!BC\!>;?]E[KC\!EQC?][U][UYJC\!Y;[!RE];IESURKZ^C!C]!;bUS\!?URY;[E!BC\!?USBK]KUS\! BC! YU]CS]KCQ\! QK>[C! C]! ?US][WQE\y! .U^\! ;bUS\! [C?US\]K]^E! ^S! IESURCv! K\\^! BC! Q|;\\CR>Q;IC! RE];IESURKZ^Cv!Y[U?JC!B^!IESURC!BC!{!6C9>96HIG !4CSBC[K;!CQC?][UYJ;I;|!á9.)x!öòyí•à!C]!SU^\!;bUS\! KBCS]KHKE!QC\!RFRC\!\e\]DRC\!Y[E\^RE\!BC!][;S\YU[]! B|EQC?][US!Cd][;?CQQ^Q;K[Cy!!C]]C!>;?]E[KC!;!E]E! CS[K?JKC! \^[! ^SC! >KU?;]JUBC! QU[\! B|^SC! ;^][C! E]^BCv! R;K\! SU^\! Q|;bUS\! KBCS]KHKEC! \^[! BC\! ;?KC[\! KSUdeB;>QC\!CS!?USBK]KUS!BC!YU]CS]KCQ!QK>[Cy!!C\![E\^Q];]\!\^YYU[]CS]!^S!SU^bC;^!RUBDQC!YU^[!CdYQKZ^C[! Q|;SU>QK\\CRCS]!B;S\!QCZ^CQ!QC\!>;?]E[KC\!EQC?][U][UYJC\!\C[;KCS]!?;Y;>QC\!B|KSHQ^CS?C[!QC!YU]CS]KCQ!QK>[Cy!!

! +

! ôö! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

!

!

!

dV ! = 120=!2 +

-K?[UU[I;SK\R\! KS?[C;\C! ]JC! UYCSÉ?K[?^K]! YU]CS]K;Q! UH! \];KSQC\\! \]CCQ! KRRC[\CB! KS! \C;c;]C[! KS! ;! YJCSURCSUS!?;QQCB!CSSU>QCRCS]y!4JK\!?J;SIC!UH!YU]CS]K;Q!UH!\CbC[;Q!J^SB[CB\!UH!RKQQKbUQ]\![;K\C\!]JC! ?J;S?C!UH!QU?;QKfCB!?U[[U\KUSy!#C\YK]C!]JC!KRYU[];S?C!;SB!KRY;?]!UH!CSSU>QCRCS]v!QK]]QC!K\!PSUcS!;>U^]! ]JC! ;?]^;Q! RK?[U>K;Q! RC?J;SK\R\! KSbUQbCBy! 7C! KSbC\]KI;]CB! ]JC! [UQC! UH! CQC?][U;?]KbC! >;?]C[K;! cK]J! RC];ICSURK?\! ;SB! >e! ?URY;[KSI! UYCS! ?K[?^K]! cK]J! ?US][UQQCB! YU]CS]K;Q! ?USBK]KUS\y! 7C! [C?UbC[CB! ;! RC];ICSURCÉ;\\CR>QCB! ICSURC! ?QU\C! ]U! ]JC! ICSURC! UH! { !6C9>96HIG ! 4CSBC[K;! CQC?][UYJ;I;|! á9.)x! öòyí•à!;SB!cC!KBCS]KHKCB!]JC!\;RC!Y^];]KbC!Cd][;?CQQ^Q;[!CQC?][US!][;S\YU[]!\e\]CRy!4JK\!>;?]C[K^R!c;\! Y[CbKU^\Qe!CS[K?JCB!KS!;!>KU?;]JUBC!\e\]CRv!>^]!cC!HU^SB!K]!KS!UYCS!?K[?^K]!?USBK]KUS!US!\];KSQC\\!\]CCQy! 4JC![C\^Q]\!\^YYU[]!;!RUBCQ!KS!cJK?J!CQC?][U;?]KbC!>;?]C[K;!cU^QB!>C!;>QC!]U!RUB^Q;]C!]JC!UYCS!?K[?^K]! YU]CS]K;Qv!;SB!?US\CZ^CS]Qe!RCBK;]C!]JC!CSSU>QCRCS]y!

! +

öë! ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! ! eV ! (,20-"3!2(-, +

-C];Q\!;SB!;QQUe\!KRRC[\CB!KS!UdK?!\C;c;]C[!?;S!HU[R!;S!CQC?][U?JCRK?;Q!?CQQ\!KS!cJK?J!]JC!UdKB;]KUS!UH! ]JC!RC];Q!K\!]JC!;SUBK?![C;?]KUSv!;SB!]JC![CB^?]KUS!UH!UdeICS!K\!]JC!?;]JUBK?![C;?]KUSy!)S!]JC!?;\C!UH! \];KSQC\\!\]CCQv!b;[KU^\!UdKBC\!á&Cv!![v!-Uà!cKQQ!HU[R!;!Y;\\KbC!Q;eC[!]J;]!?US\KBC[;>Qe![CB^?C!]JC!CQC?][US! HQUc! >C]cCCS! ]JC! ;SUBC! ;SB! ?;]JUBCv! ;SB! Y[UbKBC! ?U[[U\KUS! [C\K\];S?Cy! 3];KSQC\\! \]CCQ! CdJK>K]! ;! RC;\^[;>QC!CQC?][U?JCRK?;Q!YU]CS]K;Q!>C]cCCS!]JC\C!]cU!J;QHÉ?CQQ\!;SB!K\!?;QQCB!UYCS!?K[?^K]!YU]CS]K;Q! á/!0à!;\!SU!Cd]C[S;Q!?^[[CS]!;[C!Y[UbKBCBy!4JC!\];KSQC\\!\]CCQ!CSSU>QCRCS]!K\!;!cCQQÉPSUcS!YJCSURCSUS! cJK?J!?US\K\]\!KS!]JC!KS?[C;\C!UH!]JC!/!0!KS!]KRC!á-UQQK?;!;SB!4[CbK\v!íöòóày!4JK\!KS?[C;\C!UH!/!0!K\!^\^;QQe! KS!]JC![;SIC!UH!¶! ïëëÉñëë!R6y!4JC!?CS][;Q!Y[U>QCR!cK]J!CSSU>QCRCS]!K\!]JC!CSJ;S?C!Y[U>;>KQK]e!UH! YK]]KSI!;SB!?[CbK?C!?U[[U\KUS!;\!]JC!/!0!IC]\!?QU\C[!]U!]JC!YK]]KSI!?U[[U\KUS!YU]CS]K;Q!á-UQQK?;v!íööìw! :J;SI! ;SB! #Cd]C[v! íööñày! 4JC! CSSU>QCRCS]! K\! ;\\U?K;]CB! cK]J! ]JC! ?UQUSKf;]KUS! ;SB! BCbCQUYRCS]! UH! RK?[UU[I;SK\R\!US!]JC!\];KSQC\\!\]CCQ!\^[H;?C!á'`RYCQ!C]!;Qyv!ìëëów!,C! UfC?!C]!;Qyv!ìëëíw!-U]UB;!C]!;Qyv! íööëw!3?U]]U!;SB!,;Kv!íööôw!7CK!C]!;Qyv!ìëëñày!!

3];KSQC\\! \]CCQ! ;[C! UH! ?[K]K?;Q! KRYU[];S?C! KS! R;[KSC! ?US\][^?]KUS\! ;SB! BC\YK]C! ]JC! KRYU[];S?C! UH! CSSU>QCRCS]v!QK]]QC!K\!PSUcS!;>U^]!]JC!RK?[U>K;Q!RC?J;SK\R\!KSbUQbCBy!9S!KS?[C;\CB!UdeICS![CB^?]KUS! CHHK?KCS?ev!;Q\U![CHC[[CB!;\!;!?;]JUBK?!BCYUQ;[Kf;]KUSv!J;bC!>CCS!UH]CS!RC;\^[CB!á9^BU^;[B!C]!;Qyv!íööïw! (UQ]JC!C]!;Qyv!íöôöw!*UJS\CS!;SB! ;[B;Qv!íöôñw!,;[?JE!C]!;Qyv!ìëííw!,C! UfC?!C]!;Qyv!ìëëíw!-UQQK?;!;SB! 3?U]]Uv!íööów!2UISC!;SB!3]CKS\RUv!íööów!4JKC[[e!C]!;Qyv!ìëíñw!:J;SI!;SB!#Cd]C[v!íööñàv!>^]!]JC[C!K\!SU]! eC]!;!^SKHeKSI!RC?J;SK\R!]J;]!?U^QB!CdYQ;KS!]JC!CSSU>QCRCS]!HU[!;QQ![CYU[]CB!?USBK]KUS\y!

)S!;!Y[CbKU^\!\]^Be!^\KSI!íó3![2.9!R;[PC[!ICSC\!;SB!;!]CRYC[;]^[C!I[;BKCS]!CdYC[KRCS]v!cC!KBCS]KHKCB! {!6P! 4CSBC[K;! CQC?][UYJ;I;|! ;\! ;! >KUR;[PC[! UH! CSSU>QCRCS]! á4[KIUBC]! C]! ;Qyv! ìëíöày! { !6P! 4CSBC[K;! CQC?][UYJ;I;|!K\!;S!CQC?][U][UYJK?!>;?]C[K;!CS[K?JCB!KS!;!>KU?;]JUBC!\e\]CR!cJC[C!K]!^\C\!]JC!CQC?][UBC! ;\! CQC?][US! BUSU[! ]U! [CB^?C! UdeICS! KS! ]JC! RCBK^R! á$BBKC! C]! ;Qyv! ìëíóày! )]! K\! ;Q\U! ;S! ;^]U][UYJK?! >;?]C[K^Rv!;>QC!]U!HKd!?;[>US!BKUdKBCy!4JC![UQC!UH!CQC?][U;?]KbC!>;?]C[K;!KS!CSSU>QCRCS]!J;\!SU]!>CCS! H^QQe!;BB[C\\CB!eC]v!>^]!]JCe!J;bC!>CCS!\JUcS!]U!>C!;>QC!]U!?J;SIC!/!0!KS!U]JC[!?USBK]KUS!]J;S!\C;c;]C[! á-CJ;SS;! C]! ;Qyv! ìëëö;w! 2KR>U^B! C]! ;Qyv! ìëíòày! $QC?][U;?]KbC! >;?]C[K;! ;[C! ;>QC! ]U! ^\C! Cd][;?CQQ^Q;[! CQC?][US! ;??CY]U[! áCQC?][UICSK?à! U[! BUSU[! áCQC?][U][UYJK?à! cK]J! ]JC! RC;S! UH! BCBK?;]CB! Cd][;?CQQ^Q;[!

! öí! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

CQC?][US! ][;S\YU[]! á$$4à! \e\]CR\v! :P

[;SC! ?e]U?J[URC\! U[! CQC?][US! ][;S\YU[]! \J^]]QC\! áHQ;bKS\v!YJCS;fKSC\à!á0JKQKY\!C]!;Qyv!ìëíñày!!

)S!]JK\!\]^Bev!cC!;KR!;]!KBCS]KHeKSI!CQC?][U][UYJ!>;?]C[K;!]J;]!?;S!I[Uc!US!\];KSQC\\!\]CCQ!\^[H;?C\!B^[KSI! CSSU>QCRCS]y!/^[!cU[PKSI!JeYU]JC\K\!K\!]J;]!;RUSI!;QQ!>;?]C[K;!BCbCQUYKSI!;]!]JK\!KS]C[H;?Cv!USQe!]JC! CQC?][U;?]KbC! USC\! cKQQ! [C\YUSB! ]U! ?US][UQQCB! YU]CS]K;Q!RUB^Q;]KUSy!7C!]J^\!CdYU\CB!\];KSQC\\!\]CCQ! ?U^YUS\! ^SBC[! >U]J! /!0! ;SB! YU]CS]KU\];]K?! ?USBK]KUS\! ]J;]! KSJK>K]CB! CQC?][U][UYJK?! >;?]C[K;y! 5\KSI! ICSURC! [C\UQbCB! RC];ICSURK?! ;YY[U;?JC\v! cC! ?U^QB! KBCS]KHe! YUY^Q;]KUS! ICSURC! BKHHC[CS]K;QQe! [C\YUSBKSI!]U!YU]CS]K;Q!RUB^Q;]KUS!;SB!KS\YC?]!]JCK[!YU]CS]K;Q!RC];>UQK\Ry!

! +

öì! ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! ! fV ! +=2#0(=*+=,"+ +#2'-"1 +

fVcV !+=2#0(=* +

7C!^\CB!\^YC[ÉB^YQCd!\];KSQC\\!\]CCQ\!á3îìòñëà!?U^YUS\!;\!BC\?[K>CB!KS!4[KIUBC]!C]!;Qyv!ìëíöy!0Q;]C\!UH! íëë!RR!d!ñë!RR!d!íë!RR!á&[CS?J!!U[[U\KUS!)S\]K]^]Cv!&[;S?Cà!cK]J!;!SURKS;Q!?URYU\K]KUS!UH!ìñyí•!![v! òyë•!.Kv!îyô•!-Uv!ëyíî•!!^v!ëyìö•!.v!?URYQC]CB!cK]J!&Cy!4JC!YK]]KSI![C\K\];S?C!CZ^Kb;QCS]!S^R>C[\!K\! ïìyî!á•![!¶!îvîá•-U!¶!ëyñ•7à!¶!íó•.ày!0[KU[!]U!]JC!CdYC[KRCS]v!]JC!?U^YUS\!cC[C!c;\JCB!HU[!ìë!RKS! KS!ìë!•!SK][K?!;?KB!;SB!\]C[KQKfCB!>e!;^]U?Q;bKSI!HU[!ìë!RKS!;]!íìíé!!áB[e!?e?QCày!9BBK]KUS;Q!IQ;\\!?U^YUS\! UH!]JC!\;RC!\KfC!cC[C!^\CB!;\!SUSÉ?USB^?]KbC!\^[H;?C!?US][UQ!]U!BK\?[KRKS;]C!>C]cCCS!RK?[UU[I;SK\R\! cK]J!;!ICSC[;Q!\^[H;?CÉ;]];?JCB!QKHC\]eQC!;\!?URY;[CB!]U!]JC!RU[C!\YC?KHK?;QQe!\];KSQC\\!\]CCQ!>U^SB! >;?]C[K;y!!

fVdV !#6.#0(+#,2=*+1#2 \3. +

/^[!CdYC[KRCS];Q!BC\KIS!KS?Q^BCB!ñ!\C]\!UH!\;RYQC\!?URYU\CB!UH!?U^YUS\!KS!UYCSÉ?K[?^K]!U[!?US][UQQCB! YU]CS]K;Q\v! ;SB! IQ;\\! YQ;]C\y! 4JC! YU]CS]K;Q! ?USBK]KUS\! ;SB! ]JC! [;]KUS;QC! HU[! C;?J! ?USBK]KUS! ;[C! \^RR;[KfCB!KS!4;>QC!ïx!áíà!UYCS!?K[?^K]!YU]CS]K;Q!HU[!íî!B;e\w!áìà!UYCS!?K[?^K]!YU]CS]K;Q!HU[!íì!B;e\v!]JCS! ]JC!YU]CS]K;Q!c;\!BC?[C;\CB!>e!íëë!R6!^SBC[!]JC!Q;\]!/!0!b;Q^Cw!áîà!\;RC!;\!HU[!áìà!>^]!]JC!YU]CS]K;Q! c;\![;K\CB!>e!ñë!R6!;>UbC!]JC!Q;\]!/!0!b;Q^Cw!áïà!]JC!YU]CS]K;Q!c;\!KRYU\CB!]U!¶îëë!R6!b\y!3!$!HU[!]JC! íî!B;e\v!áñà!IQ;\\!?U^YUS\y!

7C!CdYU\CB!;QQ!?U^YUS\!\KR^Q];SCU^\Qe!áìëíòÉíìÉëòà!KS!;!îëë,!\C;c;]C[!];SP!HCB!cK]J![CSCcCB!H[C\J! \C;c;]C[!;]!;S!;YY[UdKR;]CB!íì,ÇJ![;]Cy!3];KSQC\\!\]CCQ!\;RYQC\!cC[C!JCQB!>e!;!]K];SK^R!cK[C!]U!RC;\^[C! ]JC!UYCSÉ?K[?^K]!YU]CS]K;Q!cK]J!;S!9IÇ9I!Q![CHC[CS?C!CQC?][UBCy!4JC!CQC?][UBC\!cC[C!?;QK>[;]CB!cK]J! \;]^[;]CB!?;QURCQ!CQC?][UBC!á3!$à!2$&ïìí!á2;BKURC]C[v!&[;S?Cày!4JC!^\C!UH!]K];SK^R!cK[C\!J;\!>CCS! BU?^RCS]CB!KS!Y[CbKU^\!cU[P\!;SB!KSJK>K]\!I;Qb;SK?!?U[[U\KUS!;]!]JC!YUKS]!UH!?US];?]!cK]J!\];KSQC\\!\]CCQ! á$\YCQKBv!ìëëîày!7C!^\CB!YU]CS]KU\];]!á-K?[U\];]!H[UR!3e?UYCQà!]U!KRYU\C!\YC?KHK?!YU]CS]K;Q\!KS!;!]J[CC! CQC?][UBC\!\e\]CR!cK]J!;!\];KSQC\\!\]CCQ!;\!]JC!cU[PKSI!CQC?][UBCv!]K];SK^R!cK[C!;\!?U^S]C[!CQC?][UBCv! ;SB!9IÇ9I!Q!;\!;![CHC[CS?C!CQC?][UBCy!&KbC![CYQK?;]C\!cC[C!^\CB!HU[!;QQ!?USBK]KUS\!;SB!CdYU\CB!HU[!íî!

! öî! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

B;e\!;]!îóé!y!-C;\^[CRCS]\!UH!YU]CS]K;Q!cC[C![C?U[BCB!CbC[e!îë!RKS!HU[!]J[CC!UH!HKbC![CYQK?;]C\!B^C!]U! ]JC!S^R>C[!UH!?J;SSCQ\!;b;KQ;>QCy!4JC![C\]!UH!]JC![CYQK?;]C\!cC[C!R;S^;QQe!?JC?PCB![CI^Q;[Qe!B^[KSI!]JC! CdYC[KRCS]!;SB!BKB!SU]!BKHHC[!H[UR!]JC![C?U[BCB!\;RYQC\y!

CIJSM!*%!4VULQ[QVUZ!Z\TTIY`!IUL!YI[QVUISM%! /!0!HU[!/YCS!!K[?^K]!0U]CS]K;Q!

!GF

í! 3];KSQC\\!\]CCQ! /!0! 3];SB;[B!CSSU>QCRCS]! RK?[U>K;Q!?URR^SK]KC\!

ì! 3];KSQC\\!\]CCQ! /!0!;SB!?;]JUBK?!BCYUQ;[Kf;]KUS!Éíëë! $SJ;S?CB!CQC?][U][UYJK?! R6!b\!/!0!HU[!]JC!Q;\]!ìïJy! ;?]KbK]e!B^[KSI!]JC!Q;\]!ìïJ!!

î! 3];KSQC\\!\]CCQ! /!0!;SB!;SUBK?!BCYUQ;[Kf;]KUS!¶ñë! 2CB^?CB!CQC?][U][UYJK?! R6!b\!/!0!HU[!]JC!Q;\]!ìïJ! ;?]KbK]e!B^[KSI!]JC!Q;\]!ìïJ!!

ï! 3];KSQC\\!\]CCQ! 0U]CS]K;Q!HKdCB!;]!¶îëë!R6!b\!9IÇ9I!Q! 0[CbCS]!CQC?][U][UYJK?! >;?]C[K;!?UQUSKf;]KUS!

ñ! 'Q;\\! É! .USÉ?USB^?]KbC!?US][UQ! \^[H;?C! !

fVeV !!#**+!-**#!2(-, +

3^[H;?C!?CQQ\!cC[C!?UQQC?]CB!;H]C[!íî!B;e\!HU[!KRRC[\KUS!^\KSI!;!\]C[KQC!?CQQ!QKH]C[!á4JC[RU!&K\JC[!3?KCS]KHK?v! 5SK]CB!3];]C\à!;SB!>e!ICS]QC!;SB!^SKHU[R!\?[;]?JKSI!KS]U!íëë!R,!UH!;!4[K\! ^HHC[CB!3;QKSC!á4 3à!\UQ^]KUS! áñë!R-!4[K\v!íñë!R-!.;!Qv!Y(!òyóà!^SBC[!\]C[KQC!?USBK]KUS\!CS\^[CB!>e!;! ^S\CS!>^[SC[v!PCCYKSI!]JC! KRRCBK;]C!\^[[U^SBKSI!;[C;!\]C[KQCy!4 3!\UQ^]KUS\!cC[C!]JCS!\]U[CB!KS!K?C!HU[!][;S\YU[]!]U!]JC!RUQC?^Q;[! Q;>y! 4 3! \UQ^]KUS\!cC[C! HKQ]C[CB! ]J[U^IJ! ëyìì! ¨R! '440! YUQe?;[>US;]C! RCR>[;SC\! á-C[?P! -KQQKYU[Cv! 5SK]CB!3];]C\à!cJK?J!cC[C!]JCS!][;S\HC[[CB!]U!0UcC[ KUHKQRå! C;B!4^>C\!H[UR!]JC!#.C;\e!0UcC[ KUHKQR! Cd][;?]KUS! PK]! á1K;ICSv! 'C[R;Seày! 7C! Y[CbKU^\Qe! ?UQQC?]CB! ?US][UQ! \;RYQC\! ]J;]! cC[C! bK\^;QKfCB! >e! \?;SSKSI!CQC?][US!RK?[U\?UYe!]U!CS\^[C![CRUb;Q!UH!]JC!?CQQ\!;]];?JCB!]U!]JC!\^[H;?C!á[C\^Q]\!SU]!\JUcSày!

!

öï! ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

fVfV !",= +#620=!2(-, U++#2=&#,-+(!+*( 0=07+.0#.=0=2(-,+=,"+1#/3#,!(,& +

7C!^\CB!]JC!#.C;\e!0UcC[ KUHKQR!PK]!HU[!#.9!Cd][;?]KUS!HUQQUcKSI!]JC!R;S^H;?]^[C[|\!KS\][^?]KUS\y!7C! ^\CB!]JC!4[^3CZ!.;SU!#.9!,4!,K>[;[e!0[CY;[;]KUS!+K]!]U!Y[CY;[C!QK>[;[KC\!cK]J!íëë!SI!UH!#.9!KSY^]!HU[! RC];ICSURK?\!\CZ^CS?KSI!US!;S!)QQ^RKS;!.Cd]3CZ!YC[HU[RCB!;]!]JC!*U\CYJKSC! ;e!0;^Q!!CS]C[!á7UUB\! (UQCv!5SK]CB!3];]C\ày!!

fVgV !=11#+ *7 U+ (,,(,&+=,"+%3,!2(-,=*+=,,-2=2(-, +

7C!^\CB!]JC!\S;PCR;PC!á+X\]C[!;SB!2;JR;SSv!ìëíìà!RC];ICSURK?!cU[PHQUc!Y[UYU\CB!KS!]JC!9SbK|U! \UH]c;[C!bñyî!á$[CS!C]!;Qyv!ìëíñày!

4JC!Z^;QK]e!HKQ][;]KUS!UH!]JC!BCR^Q]KYQCdCB![;c![C;B\!c;\!?;[[KCB!U^]!cK]J!)QQ^RKS;É5]KQ\!Ye]JUS!\?[KY]\! á$[CS!C]!;Qyv!ìëíî>à!HUQQUcKSI![C?URRCSB;]KUS\!KS!-KSU?JC!C]!;Qyv!ìëííy!9!?UÉ;\\CR>Qe!UH!;QQ!\;RYQC\! c;\!YC[HU[RCB!cK]J!-$'9()4!bíyíyí!á,K!C]!;Qyv!ìëíóà!cK]J!]JC!UY]KUS!ÉÉRC];É\CS\K]KbCy!7C!^\CB!9SbK|U! ]U!Y[UHKQC!]JC!?US]KI\!cK]J!0[UBKI;Q!bìyóyî!á(e;]]!C]!;Qyv!ìëíëà!HU[!ICSC\!KBCS]KHK?;]KUSv!;SB!(--$2î! bîyí>ì!á-K\][e!C]!;Qyv!ìëíîà!]U!KBCS]KHe!]JC!\KSIQCÉ?UYe!?U[C!ICSC\!?UQQC?]KUS\!HU[!>;?]C[K;!á!;RY>CQQ!C]! ;Qyv!ìëíîàv!;[?J;C;!á2KSPC!C]!;Qyv!ìëíîà!;SB!C^P;[eU]C\!á3KR=U!C]!;Qyv!ìëíñày!7C!^\CB!!CS][KH^IC!bíyëyí! á+KR!C]!;Qyv!ìëíóà!;SB!]JC!.! )|\!.4!B;];>;\C!HU[!ICSCÉQCbCQ!];dUSURK?!;SSU];]KUSy!

3JU[]![C;B\!cC[C!R;YYCB!>;?P!]U!]JC!?US]KI\!cK]J! Uc]KCì!bìyîyí!á,;SIRC;B!;SB!3;Qf>C[Iv!ìëíìà!;SB! ]JC![C?[^K]CB![C;B\!cC[C!\U[]CB!KS]U! 9-!HKQC\!cK]J!\;R]UUQ\!bíyîyí!á,K!C]!;Qyv!ìëëöày!9SbK|U!c;\!^\CB!]U! C\]KR;]C!]JC!?UbC[;IC!;SB!BC]C?]KUS!UH!C;?J!?US]KI\!>;\CB!US!]JC! 9-!HKQC\v!;SB!?UR>KSC!]JC!R;YYKSI! Y[UHKQC\!KS]U!;!RC[ICB!Y[UHKQCy!!

!US]KI\!cC[C!;^]UR;]K?;QQe!>KSSCB!cK]J!!/.!/!4!á9QSC>C[I!C]!;Qyv!ìëíïà!KS]U!;!?US\][;KSCB!S^R>C[!UH! >KS\!áS!ß!ôëà!]U!RKSKRKfC!]JC!H[;IRCS];]KUS!C[[U[!>CHU[C!R;S^;Q![CHKSCRCS]!UH!C;?J!>KS\!cK]J!]JC!;SbKÉ [CHKSCÉ>KS!?URR;SBy!7C!KBCS]KHKCB!>KS\!;\!CK]JC[!JKIJ!Z^;QK]e!RC];ICSURCÉ;\\CR>QCB!ICSURC\!á-9'\à! á©!öë!•!?URYQC]KUSv!®!ñ!•![CB^SB;S?eà!U[!RCBK^R!Z^;QK]e!-9'\!á©!ñë!•!?URYQC]KUSv!®!íë•![CB^SB;S?eà! á UcC[\!C]!;Qyv!ìëíòày!!

! öñ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

7C!;\\KISCB!H^S?]KUS\!]U!]JC!ICSC\!KBCS]KHKCB!>e!0[UBKI;Q!cK]J!]JC!.! )!!/'!á';QYC[KS!C]!;Qyv!ìëíïà!;SB! 0H;R!bîìyë!á$QÉ'C>;QK!C]!;Qyv!ìëíöà!^\KSI!;SbKÉ[^SÉS?>KÉ?UI!;SB!;SbKÉ[^SÉYH;R\!H[UR!9SbK|Uy!7C!;Q\U!^\CB! ]JC!+$''!B;];>;\C\!cK]J!'JU\]+/9,9!á+;SCJK\;!C]!;Qyv!ìëíóày!

4JC!9SbK|U!Y;SICSURK?!cU[PHQUc!c;\!^\CB!]cK?Cx!;!HK[\]!]KRC!]U!?URY;[C!-9'ÜòöÜí!cK]J!{ !6P!4CSBC[K;! CQC?][UYJ;I;|v!;SB!;!\C?USB!]KRC!]U!KS?Q^BC!\Kd!U]JC[!PSUcS!CQC?][U;?]KbC!>;?]C[K;x! 28>9>H=>D768>AAIG5 ;:FFDDL>96CG ! 94!!! ìîìòëv! %:D768H:F5 GIA;IFF:9I8:CG ! 0!9v! *6F>EFD;IC9IG5 ;:FFDDLM96CG ! 06Éív! .=D9DEG:I9DBDC6G5E6AIGHF>G !!'9ëëöv! /=:K6C:AA65DC:>9:CG>G !-2Éív! />9:FDLM96CG5A>H=DHFDE=>8IG !$3Éíy! #)9-/.#!á ^?JHKSP!C]!;Qyv!ìëíñà!c;\!^\CB!]U!?URY;[C!\KRKQ;[K]e!>C]cCCS!;RKSU!;?KB!\CZ^CS?C\!;SB!]JC! -!,!;QIU[K]JR!á6;S!#USICS!;SB!9>[C^É'UUBIC[v!ìëíìà!KBCS]KHKCB!]JC!ICSC!?Q^\]C[\!cK]J!]JC!BCH;^Q]! Y;[;RC]C[\y!9.)!\?U[C\!cC[C!ICSC[;]CB!cK]J!]JC!;SbKÉ?URY^]CÉ;SK!?URR;SB!KS!9SbK|Uy!

! +

öó! ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! ! gV ! 0#13*21 +

gVcV !-!. +=,"+.-2#,2(=*+ +

!U^YUS\!YU]CS]K;Q\!cC[C!JKIJQe![CY[UB^?K>QC!;RUSI!]JC![CYQK?;]C\!;SB!?USBK]KUS\!á&KI^[C!ìòày!9]!]JC! >CIKSSKSI!UH!]JC!CdYU\^[Cv!]JC!RC;S!/!0!HU[!]JC!?USBK]KUS!áíàáìàáîà!c;\!Éííë!R6!á™!ö!R6à!b\y!3!$!;SB! KS?[C;\CB!;H]C[!îÉï!B;e\!]U![C;?J!¶!ìíì!R6!á™! î!R6à!b\y!3!$!;]!ìí!B;e\y!4JC!\;RYQC!cC[C!?UQQC?]CB! \KR^Q];SCU^\Qe!;H]C[!íî!B;e\y!

!

!USBK]KUS!í !USBK]KUS!ì! !USBK]KUS!î! !USBK]KUS!ï!

7QO\YM!(-%!?WMU$4QYK\Q[!@V[MU[QIS! ?4@!!]MYZ\Z![QTM% !!USBK]KUS!áíà!KS!I[CCSv!áìà!KS!>Q^Cv!áîà!KS![CBv! áïà!KS!>[UcSy!öñ•!?USHKBCS?C!;[C;!K\!\JUcS!KS!I[Ce!!

!

!

!

! öò! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

gVdV !+#2=&#,-+#+=,"+ +=&]ik]c+

7C!\CZ^CS?CB!ìñ!RC];ICSURK?!QK>[;[KC\!HU[!;!]U];Q!UH!öîô!òîï!òóö![;c![C;B\y!9H]C[!]JC!Z^;QK]e!HKQ]C[KSIv! ôöî!óòô!ñññ!\CZ^CS?C\!cC[C![C];KSCB!HU[!]JC!;\\CR>Qe!cK]J!-$'9()4![C\^Q]KSI!KS!îíë!íóò!?US]KI\!á.ñëx! ìô!öòë!>Yày!4JC!ôë!>KS\!;^]UR;]K?;QQe!R;BC!cK]J!!/.!/!4!cC[C![CHKSCB!KS]U!îöò!>KS\!UH!cJK?J!ìîë!cC[C! Z^;QKHKCB!;\!RCBK^R!Z^;QK]e!-9'\!á©!ñë•!?URYQC]KUSv!®!íë•![CB^SB;S?eà!;SB!ôì!JKIJ!Z^;QK]e!-9'\!á©! öë•!?URYQC]KUSv!®!ñ•![CB^SB;S?eàá4;>QC!ñày!

7C! [CY[C\CS]CB! ]JC! ôì! JKIJ! Z^;QK]e! RC];ICSURCÉ;\\CR>QCB! ICSURC\! á-9'\à! [C?UbC[CB! H[UR! ]JC! RC];ICSURK?!;S;Qe\K\v!;SB!]JCK[!BK\][K>^]KUS\!KS!BKHHC[CS]!\;RYQC\!;SB!?USBK]KUS\!á&KI^[C!ìôy9ày!-U\]! -9'\!cC[C!Y[C\CS]!KS!;QQ!?USBK]KUS\v!cK]J!;!JKIJ![CY[UB^?K>KQK]e!;RUSI![CYQK?;]C\y!7C!HU^SB!USQe!USC! -9'!cK]J!;!\e\]CR;]K?!BKHHC[CS]K;Q!;bC[;IC!;>^SB;S?C!;??U[BKSI!]U!]JC!?USBK]KUS\!UH!?UQQC?]KUSv!S;RCB! -9'ÜòöÜí!JC[C;H]C[y!)]\!BK\][K>^]KUS\!c;\!QKRK]CB!]U!]JC!?USBK]KUS!íÉìÉîv!cK]J!SU!U[!HCc!\CZ^CS?C\!H[UR! ?USBK]KUS!ïv!;SB!ñ!R;YYKSI!]U!]JK\!-9'y!7C!U>\C[bCB!;!cC;P!?UbC[;IC!;>^SB;S?C!KS!]JC![CYQK?;]C!ñ!UH! ?USBK]KUS!ñv!cJK?J!?;S!>C!CdYQ;KSCB!>e!]JC!bC[e!JKIJ!\CZ^CS?KSI!BCY]J!UH!]JK\!Y;[]K?^Q;[!\;RYQC!áíöë!íëì! òíì![C;B\!HU[!]J;]!\;RYQCv!;\!?URY;[CB!]U!;!RCBK;S!S^R>C[!UH![C;B\!UH!óó!ìîë!öïëày!4JK\!?U^QB!J;B!QCB! ]U!\URC!\Y;[\C![C;B!R;YYKSI!]U!-9'ÜòöÜíy!7C!H^[]JC[!KS\YC?]CB!-9'ÜòöÜí!?US]KI\!BK\][K>^]KUS!;?[U\\! [CYQK?;]C\!;SB!?USBK]KUS\!;SB!HU^SB!]J;]!HK[\]v!]JC!\YQK]!?UbC[;IC!c;\!JURUICSU^\!;?[U\\!]JC!CS]K[C! -9'v!;SB!\C?USBQev!]J;]!]JC!BKHHC[CS]K;Q![CQ;]KbC!;>^SB;S?C!UH!C;?J!?US]KI!KS!]JC!-9'!c;\!?US\K\]CS]! cK]J!]JC!Y;]]C[S!U>\C[bCB!>C]cCCS!?USBK]KUS\!;]!]JC!-9'!QCbCQ!á&KI^[C!ìôy ày!!

öô! ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

!

7QO\YM!(.%!?]MY]QM^!VN![PM!TM[IOMUVTQK!PQOP!X\ISQ[`!=28Z!^Q[P!I!KSVZM!\W!]QM^!VN!=28H-/H'%! á9à! 2CY[C\CS];]KUS! UH! ]JC! ôì! JKIJ! Z^;QK]e! -9'\! U>];KSCB! >e! ?UÉ;\\CR>Qey! 4JC! ?CS][;Q! ?Q;BUI[;R! U[BC[\!]JC!-9'\!;??U[BKSI!]U!]JCK[!BK\][K>^]KUS!;?[U\\!\;RYQC\v!;SB!Q;eC[\![CY[C\CS]!-9'!?UbC[;IC! KS!C;?J!\;RYQCy!2CYQK?;]C!\;RYQC\!;[C!I[U^YCB!KS!\^??C\\KbC!Q;eC[\!;SB!?UQU[CB!YC[!?USBK]KUSy!4JC! ?UQU[!KS]CS\K]e![CY[C\CS]!]JC!RC;S!?UbC[;IC!UH!]JC!RC];ICSURK?!B;];\C]y!á à!,C;bC\!UH!]JC!?CS][;Q! ?Q;BUI[;R![CY[C\CS]!-9'ÜòöÜí!\YQK]\Ö>P:P !?US]KI\!\YQK]!]U!;!R;dKR^R!\KfC!;[U^SB!ìëP>Ö;SB!C;?J! Q;eC[![CY[C\CS]!R;YYKSI![C\^Q]\!H[UR!C;?J!\;RYQC!US!]JC\C!\YQK]\y!4JC!?UQU[CB!>;[\![CY[C\CS]!]JC!R;d! SU[R;QKfCB! [;]KUv! cJK?J! RC;S\! ]J;]ÖHU[! C;?J! \YQK]Ö]JC!>;[!cKQQ!>C!H^QQ!HU[!]JC!\;RYQC!cK]J!]JC! R;dKR^R!?UbC[;IC!b;Q^C!;SB!]JC![C\]!cKQQ!>C!\?;QCB!]U!]JK\!b;Q^Cy!!

! öö! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

CIJSM! +%! =28Z! MZ[QTI[MZ% ! )S?Q^BC\! YC[?CS];IC! ;>^SB;S?C! ;SB! [CB^SB;S?e! >;\CB! US! \KSIQC! U??^[[CS?C!UH!3!'\y! -9' 0C[?CS]!?URYQC]KUS 0C[?CS]![CB^SB;S?e ,CSI]J!á]U];Q!S^?QCU]KBCà .^R>C[!UH!?US]KI\ '!!?US]CS]!á•à -9'ÜëôÜñ öövìô ëvòì ï!îòï!öóñ íó îôvíô -9'ÜëôÜó íëëvëë ëvëë ì!ïñó!óñë íò îïvîì -9'ÜíìÜì öïvìï ìvíó ô!íìô!òôó íïí òìvîï -9'ÜíìÜö öóvïë ìvíó î!óöî!òíò ïì òëvëï -9'ÜíñÜíí öóvïë ëvëë î!íôì!ôïì ìë îòvîñ -9'ÜíñÜíì öïvìï ëvòì ï!óóí!òìö ííë ïívöì -9'ÜíñÜíî öòvíì ívïï ì!ñíò!îòñ ïö ïëvïí -9'ÜíñÜó öïvöó ëvëë î!ìíñ!îëô íò ïívíò -9'ÜíñÜô öövìô ëvòì ì!îôö!òíì îó ïívíî -9'ÜíñÜö öñvóô ëvëë î!óóï!ìëö ôì ïëvóô -9'ÜíóÜí öövìô ëvòì ó!óôò!òòñ ïë óòvóñ -9'ÜíóÜñ öòvôï ëvòì ò!óîò!îìï óó óôvôí -9'ÜíôÜí öìvëö îvóë î!óëñ!ëòì ñëî óívñî -9'ÜíôÜì öïvöó ïvîì ò!öóô!ñíï ìëò ñövîó -9'ÜìíÜí öòvôï îvóë ó!ëïò!óòñ ïì òïvëó -9'ÜìíÜó öòvôï ìvôô ô!îöò!ññô ôì òîvîî -9'ÜììÜí öñvóô ìvíó ó!ììï!ïôï ííó ñëvôñ -9'ÜìîÜí öëvóñ ívïï ñ!ííí!íîö ìëò óóvìö -9'ÜìïÜí öóvïë ïvîì íë!ìîó!òñï ìíö ñôvóí -9'ÜìïÜì öóvïë ìvíó ò!óìë!ñîï îî óívëî -9'ÜìïÜî öîvñî ìvíó íí!ìíó!óëí òôí ñòvïó -9'ÜìñÜí öívîò ívïï ï!óöò!ëíì öë óïvöñ -9'ÜìóÜí öìvôí ëvòì î!ïîì!òëî íô ñôvòñ -9'ÜìóÜì öôvñó ívïï î!ñíò!ôòí ìô ñìvìï -9'ÜìóÜî öïvöó ïvîì ö!ìëô!îñó ííö ññvñì -9'ÜìóÜï öïvöó ìvôô ô!òîì!óòï òò ñîvëñ -9'ÜìòÜíì öòvíì ëvòì ñ!íòô!íóë íò ïòvòò -9'ÜìòÜî öòvíì ívïï î!óóò!ëíï íô ñëvîö -9'ÜìòÜñ íëëvëë ëvòì ì!íòî!íîë ï ïôvëï -9'ÜìòÜò öòvôï îvóë ô!ïìö!ööó òï ïóvïî -9'ÜìòÜö öóvïë îvóë ô!óëó!öóò íîó ïòvìë -9'ÜîëÜî öôvñó ëvëë ì!óóô!öîö îë óóvíô -9'ÜîñÜí öïvìï ívïï î!íñô!óìö ìí ñóvíò -9'ÜîñÜî öôvñó ëvòì ï!ïôï!ëöë íñ ñîvíó -9'ÜîñÜó íëëvëë ívïï î!ëíô!íóö íö ñôvìò -9'ÜîñÜò íëëvëë ìvíó î!ìíò!îëî îò ñóvóò -9'ÜîóÜì öìvôí ívïï ï!ïôë!òñí ìôó ñövîí -9'ÜîòÜí öòvôï ìvôô î!öîï!ïîî îî óìvìë -9'ÜîòÜî öóvïë ìvôô î!óëï!ëöì îñ óívòí -9'ÜîòÜï öëvóñ ëvëë ï!îòö!îîï ñë óìvóî -9'ÜîôÜï öóvïë ívïï ï!ìöô!ôëó ïë óövìó -9'ÜîôÜñ öîvñî ëvòì î!ïòí!óëò òí óòvïë

íëë!! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

-9'ÜîöÜî öóvïë ïvîì ô!óòö!îóò íôò ñóvöí -9'ÜïëÜí öóvïë ëvòì ï!óïò!ñóì ìö óîvëë -9'ÜïëÜì öòvôï ëvòì ï!ñôò!ôëî ìñ ñövöí -9'ÜïëÜî öòvôï ìvôô î!òïí!íïó îí óóvóë -9'ÜïëÜï öîvñî ívïï î!òìö!öìì íïë óívìñ -9'ÜïíÜí öòvôï ëvëë ñ!ëìó!ëòó ííî ñívòò -9'ÜïíÜï öóvïë ïvîì ñ!íîí!óîï íìì ñìvôï -9'ÜïìÜí öïvöó ëvòì ï!ôîô!ëëî óô óîvíô -9'ÜïìÜï íëëvëë ëvëë ï!öóö!ëòò îó óìvöó -9'ÜïîÜí öòvôï ëvòì ñ!óñî!ôöï íñò óîvëò -9'ÜïïÜî öóvïë ëvòì ì!ìöö!ôöì íìì òëvëî -9'ÜïïÜô öëvóñ ívïï ó!ëöë!öôñ ïñ òìvîí -9'ÜïòÜí öóvïë ïvîì íí!ìîö!ìëò ìîí óîvëî -9'ÜïöÜì öívîò ìvíó ó!ñíô!öïî ññì óìvöî -9'ÜïöÜñ öìvôí ëvëë ì!ôíñ!ëôô ìë ñòvíî -9'ÜñëÜí öòvíì ëvòì ï!ñìí!îôô ïïï óövíñ -9'ÜñëÜì öîvñî ëvòì ñ!ïòí!îöî óò óövñî -9'ÜñíÜí öívîò ìvôô ï!óóö!öôñ ííë óívöñ -9'ÜñìÜì íëëvëë ívïï î!ñöì!öìò ïó óívëñ -9'ÜñìÜî öìvôí îvóë î!îíì!ëíñ ìïò óívöì -9'ÜñîÜí öövìô ëvëë î!óóï!ëñë íô ïívñí -9'ÜñîÜô öövìô ëvòì ì!óñì!íïî ñò ïívíì -9'ÜñïÜí öòvôï ívïï ï!òôñ!îïî ìöó ñïvôí -9'ÜñóÜì öòvôï ïvîì î!ïôô!íóì íòë ñövíë -9'ÜñôÜí öòvôï ïvîì ò!ïôñ!òëô óó óóvòó -9'ÜñöÜí öövìô ívïï ñ!ñìö!óññ ìíí ñëvëò -9'ÜóëÜí öëvóñ ëvòì ì!íòë!òöñ ìîñ ññvìö -9'ÜóìÜì öövìô ìvíó î!ööì!ïïí íï ñòvòó -9'ÜóìÜî öìvëö ëvëë î!ñöô!íëò îñ ñìvíò -9'ÜóîÜí öövìô ìvíó ì!ëñó!ôöô ñó ïívöî -9'ÜóîÜï íëëvëë ëvòì ï!öìö!ñòï òó ïñvîô -9'ÜóîÜñ öôvñó ívïï î!ñïë!ïëô íîó ïñvñì -9'ÜóñÜí öôvñó ëvòì î!íñò!ëöï ñó ïóvíó -9'ÜóñÜì öìvëö ívïï ô!óïò!ôìñ óí ïóvîî -9'ÜóóÜì öívîò ëvëë ì!òìì!ïîó íó ñëvëí -9'ÜòíÜí íëëvëë ëvòì ì!ïôñ!ìñë ô ïïvîò -9'ÜòíÜì íëëvëë ëvëë î!îíî!îëó ìó ïïvóö -9'ÜòíÜî öòvôï ëvëë ì!ëëó!íïë íîí ïëvìó -9'Üòï öñvóô ívïï ó!óóî!ïëñ öö ñïvëö -9'ÜòöÜí íëëvëë ëvòì î!òóô!íöï ôí ñôvîó !

!

!

! íëí! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

gVeV !!-+.=0=2(4#+&#,-+(! +

9!Y;[]K;Q!ìî3![2.9!ICSC!c;\![C?UbC[CB!H[UR!]JC!-9'ÜòöÜí!;SB!]JC!>C\]!R;]?J!?U[[C\YUSBCB!]U!{ !6P! 4CSBC[K;! CQC?][UYJ;I;|! áöó•! \KRKQ;[K]eày! 4U! KSbC\]KI;]C! ]JC! [CQ;]KUS! >C]cCCS! -9'ÜòöÜí! ;SB! { !6P! 4CSBC[K;!CQC?][UYJ;I;|v!cC!^\CB!]JC!;bC[;IC!S^?QCU]KBC!KBCS]K]e!á9.)ày!4JK\!9.)!\?U[C!c;\!öòyí•!KBCS]K]e! HU[!;!?UbC[;IC!UH!ôìyô•y!5\KSI!]JC!Y;SICSURK?!cU[PHQUc!UH!9SbK|Uv!^\KSI!]JC!]U];Q!ò!ëññ!ICSC\!?;QQ\v!cC! BCHKSCB!î!òóì!ICSC!?Q^\]C[v!cK]J!ì!öëö!\J;[CB!>C]cCCS!]JC!]cUv!ïïï!^SKZ^C!HU[!-9'ÜòöÜí!;SB!ïëö! ^SKZ^C!HU[!{!;y!4CSBC[K;!CQC?][UYJ;I;|v!KS?Q^BKSI!>U]J!ICSURC!;SB!YQ;\RKB!á&KI^[C!ìöày!!

7QO\YM! (/%!@IUOMUVTM!IUIS`ZQZ! VN! =28H-/H'! IUL! d !$8! CMULMYQI! MSMK[YVWPIOIe% ! 4JC!ICSURC!;SB!YQ;\RKB!UH!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!;[C!KS!U[;SIC!;SB!-9'ÜòöÜí! KS!>Q^Cy!ì!öëö!ICSC!?Q^\]C[\!;[C!\J;[CB!á>Q^C!;SB!U[;SIC!UbC[Q;YYKSIàv!ïïï!^SKZ^C!HU[! -9'ÜòöÜí!áUSQe!>Q^Cà!;SB!ïëö!^SKZ^C!HU[!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!áUSQe!U[;SICày! !

íëì ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

gVfV !%3,!2(-,=*+=,,-2=2(-, +

gVfVcV ! #*#!20-,+20=,1%#0+1712#+1 +

7K]J!]J[CC!;SSU];]KUS!B;];>;\C\!á+$''v!!/'v!0H;Ràv!cC!KBCS]KHKCB!óô!?e]U?J[URC\!KS!-9'ÜòöÜív!UH! cJK?J!óñ!cC[C!\J;[CB!cK]J!]JC!ICSURC\!UH!{ !6P!4CSBC[K;!CQC?][UYJ;I;|y!4JC!?e]U?J[URC!ICSC\! SU]! \J;[CB!>C]cCCS!]JC!ICSURC!;SB!-9'ÜòöÜí!cC[C!H^S?]KUS;QQe![CB^SB;S]!cK]J!]JC!\J;[CB!?e]U?J[URC\y! 7C!\CQC?]CB!ICSC\![CQ;]CB!]U!CQC?][US!][;S\HC[!\e\]CRv!;SB!?;[>US!HKd;]KUSv!\J;[CB!>e!>U]J!-9'ÜòöÜí! ;SB!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!KS!4;>QC!óy!!

7;SI!C]!;Qyv!ìëíñ>v!KBCS]KHKCB!;S!^SBC?;JCRC!?É]eYC!?e]U?J[URC!KS!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!cK]J! ]JC! 0H;R! RU]KH! 0&ëöóöö! ;SB! ]cU! ICSC\! ?UBKSI! HU[! ]JK\! ^SBC?;JCRC! ?e]U?J[URC! cC[C! HU^SB! KS! -9'ÜòöÜíy!4JC!!e?ìÉQKPC!?e]U?J[URC!KBCS]KHKCB!KS!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!c;\!SU]!;SSU];]CB!;\!;! ?e]U?J[URCv!>^]!c;\!HU^SB!^\KSI!>Q;\]!;SB!c;\!KBCS]K?;Q!KS!>U]J!ICSURC\v!>^]!USQe!ìóyëö•!KBCS]K]e!;SB! ;! ?UbC[! UH! ïó•! ;I;KS\]! ]JC! !e?ì! Y[U]CKS! H[UR! 28>9>H=>D768>AAIG5 ;:FFDDL>96CG y! &U^[! ?e]U?J[URC\! YC[UdKB;\C!?;];QefKSI!;!]cU!CQC?][US![CB^?]KUS!UH!JeB[UICS!YC[UdKBC!]U!c;]C[v!cC[C!\J;[CB!>C]cCCS!]JC! ]cU!ICSURC\y!!

&KbC!ICSC\!?UBKSI!HU[!RUQe>BUY]C[KS!UdKBU[CB^?];\C\!cC[C!KBCS]KHKCB!;SB!;[C!]JU^IJ]!]U!>C![CQ;]CB!]U! ]JC!;Q]C[S;]KbC!?URYQCd!)))v!;!Y^];]KbC!CQC?][US!][;S\HC[!\e\]CR!KS! *6F>EFD;IC9IG5;:FFDDLM96CG !á3KSIC[!C]! ;Qyv!ìëíîày!!

&U^[!CQC?][US!][;S\HC[!?URYQCdC\!cC[C!?URYQC]Cx!]JC!?>>î! ?e]U?J[URC!cK]J!]JC!??U./0!ICSC\v!]JC! ?e]U?J[URC!>?í!cK]J!]JC!0C]9 !!ICSC\v!]JC!.9#(ÉZ^KSUSC!UdKBU[CB^?];\C!cK]J!íï!.^U!ICSC\v!;SB!]JC! \^??KS;]C!BCJeB[UICS;\C!cK]J!]JC!3BJ!#9 !ICSC\y!4JC!]cU!ICSC\!!eB9!;SB!!eB !HU[!;!?e]U?J[URC!>B! ^>KZ^KSUQ!UdKB;\C!cC[C!Y[C\CS]v!>^]!]JC!ICSC!!eB8!c;\!RK\\KSIy!!

)S!;BBK]KUS!]U!]JC!CQC?][US!][;S\HC[!\e\]CR\v!;QQ!]JC!ICSC\!HU[!]JC!&É]eYC!940;\C!HU[!940!ICSC[;]KUS!^\KSI! ]JC!Y[U]USÉRU]KbC!HU[?C!cC[C!;Q\U!HU^SBy!

!

! íëî! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

gVfVdV ! !=0 -,+%(6=2(-,+ +

&KbC!ICSC\!CS?UBKSI!HU[!]JC!Q;[IC!á2>?,à!;SB!\R;QQ!á2>?3à!\^>^SK]!UH!]JC!2^ K\!/!CSfeRC!cC[C!HU^SBv!;! PCe!?URYUSCS]!UH!]JC!!;QbKSÉ CS\USÉ ;\\J;R!á! à!?e?QC!HU[!!/ì!HKd;]KUSy!5\KSI!]JC!+$''!Y;]Jc;e! [C?US\][^?]KUS! ]UUQv! USQe! ]JC! H[^?]U\CÉívóÉ>K\YJU\YJ;];\C! c;\! RK\\KSI! H[UR! ]JC! ! ! ?e?QCy! ^]! ]JC! CSfeRC!c;\!HU^SB!cK]J!]JC!!/'!;SSU];]KUS!R;PKSI!]JC!?e?QC!?URYQC]Cy!

gVfVeV ! -2'#0 +

4JC!H^QQ!YJU\YJ;]C!][;S\YU[]!\e\]CR!áY\]3!9 v!YJU5à!KBCS]KHKCB!KS! *P5;:FFDDL>96CG !á ;[?U!C]!;Qyv!ìëíñà! c;\! HU^SB! KS! >U]J! ICSURC\y! /]JC[! ][;S\YU[]! \e\]CR! KS?Q^BC\! RUQe>B;]Cv! SK][;]CÉSK][K]Cv! K[USv! fKS?v! ?U>;Q]v!SK?PCQv!JCRCv!YJU\YJUQKYKBv!QKYUYUQe\;??J;[KBCv!QKYUÉUQKIU\;??J;[KBCy!!

3URC! ICSC\! [CQ;]CB! ]U! ]JC! SK][UICS! ?e?QC\! cC[C! KBCS]KHKCBv! QKPC! ]JC! ICSC\! .K[ #! ;\\U?K;]CB! cK]J! BK\\KRKQ;]U[e!SK][K]C![CB^?]KUS!]U!;RRUSK;!;SB!]JC!ICSC\!.;\9 !HU[!]JC!;\\KRKQ;]U[e!SK][;]C![CB^?]KUSy! 2CI;[BKSI! ]JC! \^QH^[! ?e?QCv! ]JC! ICSC\! 3;]! ;SB! !e\!(*)! cC[C! ;\\U?K;]CB! cK]J! ;\\KRKQ;]U[e! \^QH;]C! [CB^?]KUSy!

!JCRU];dK\!;SB!HQ;ICQQ;!;\\CR>Qe!ICSC\!cC[C!BC]C?]CB!;\!cCQQ!;\!\^[H;?C!;SB!?CQQ!?US];?]!ICSC\!cJK?J! ;QQUc!]JC!Y[UB^?]KUS!UH!$03!;SB!?USHK[R!]JC!>KUHKQR!QKHC\]eQC!UH!]JC!>;?]C[K^Ry!!

'CSC\!]J;]!cC[C!USQe!HU^SB!KS!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!ICSURC!?U^QB!J;bC!>CCS!RK\\CB!B^[KSI!]JC! ;\\CR>Qe!UH!-9'ÜòöÜí!?US]KI\v!>^]!ICSC\!\YC?KHK?!]U!-9'ÜòöÜí!cC[C!KS]C[C\]KSI!;\!]JCe!KS?Q^BCB!]JC! H^QQ!^[C;\C!UYC[US!cK]J!\CbCS!5[C!ICSC\v!;S!9 !!][;S\YU[]C[!HU[!^[C;v!;SB!;!][;S\YU[]C[!UH!YJU\YJUS;]Cy! 4JC!U]JC[!ICSC\!]J;]!cC[C!Cd?Q^\KbC!]U!CK]JC[!-9'ÜòöÜí!U[!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!cC[C!SU]!?[K]K?;Q! HU[!RU\]!RC];>UQK?!Y;]Jc;e\!KBCS]KHKCB!KS!>U]J!ICSURC\y! !

íëï!! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

CIJSM!,%!2!ZMSMK[QVU!VN!OMUMZ!ZPIYML!JM[^MMU!=28H-/H'!IUL!d !$8!CMULMYQI!MSMK[YVWPIOIe!IUL! KVTWIYML![V!V[PMY!MSMK[YVIK[Q]M!JIK[MYQI% !4JC!Y^];]KbC!CQC?][US!][;S\HC[!\e\]CR!ICSC\!;SB!?;[>US!HKd;]KUS! ICSC\!;[C![CY[C\CS]CBv!cK]J!]JC!S^R>C[!UH!?UYKC\!;SB!+$''!;??C\\KUS\y!#;[P!I[CCS!>UdC\!;[C!ICSC\!]J;]!>CQUSI! ]U!]JC!\;RC!ICSC!?Q^\]C[v!QKIJ]!I[CCS!;[C!\KRKQ;[!ICSC!;SSU];]KUSy ! .^R>C[!! +CII!! &^S?]KUS\! UH!ICSC\! 9??C\\KUS ! *P5;:FFDDL>96CG ! /P5A>H=DHFDE=>8IG ! 2P5;:FFDDL>96CG ! .P5E6AIGHF>G ! /P5DC:>9:CG>G ! %P5GIA;IFF:9I8:CG ! !e]U?J[URC!?!UdKB;\C! ! ! ! ! ! ! ! ! ?>>îÉ]eYC! ??U.!á\^>^SK]!)à! ï! +ëëïëï! !! !! ! !! !! ! ??U./!á\^>^SK]!)Ç))à ! í! +íñôóì! ! ! ! ! ! ! ??U/!á\^>^SK]!))à! ì! +ëëïëñ! !! !! ! !! !! ! ??U0!á\^>^SK]!)))à! í! +ëëïëó! !! !! ! !! !! !! ! ! ! ! ! ! -UQe>BUY]C[KS! ! ! UdKBU[CB^?];\C! ñ! +ëëíôï! !! !! ! ! ! ! !e]U?J[URC!>?í! !! !! ! ! ! ! ! ! YC]9! í! +ëëïíí! !! !! !! !! !! ! YC] ! í! +ëëïíì! !! !! !! ! !! !! YC]!! í! +ëëïíî! !! !! !! ! !! ! .9#(ÉZ^KSUSC! ! ! ! ! ! ! UdKBU[CB^?];\C! ! ! S^U9! í! +ëëîîë! !! !! !! !! !! !! S^U ! í! +ëëîîí! !! !! !! !! !! !! S^U!! í! +ëëîîì! !! !! !! !! ! !! S^U#! í! +ëëîîî! !! !! !! !! ! !! S^U$! í! +ëëîîï! !! !! !! !! !! !! S^U&! í! +ëëîîñ! !! !! !! !! !! !! S^U'! í! +ëëîîó! !! !! !! !! !! !! S^U(! í! +ëëîîò! !! !! !! !! !! !! S^U)! í! +ëëîîô! !! !! !! !! !! !! S^U*! í! +ëëîîö! !! !! !! !! !! !! S^U+! í! +ëëîïë! !! !! !! !! !! !! S^U,! ì! +ëëîïí! !! !! !! !! !! !! S^U-! í! +ëëîïì! !! !! !! !! ! !! S^U.! í! +ëëîïî! !! !! !! !! !! !! 3^??KS;]C! ! ! ! ! ! ! BCJeB[UICS;\C! !! !! 3BJ9! í! +ëëìîö! !! !! ! !! !! !! 3BJ ! í! +ëëìïë! !! !! ! !! !! !! 3BJ!! í! +ëëìïí! !! !! ! !! !! !! 3BJ#! í! +ëëìïì! ! !! ! !! !! ! !e]U?J[URC!>B! ! ! ! ! ! ! ^>KZ^KSUQ!UdKB;\C! ! ! !eB9! í! +ëëïìñ! !! !! !! !! !! !! !eB ! í! +ëëïìó! !! !! !! !! !! !! ! ! ! ! ! ! !e]U?J[URC! ! ! YC[UdKB;\C! ï! +ëëïìô! !! ! ! ! !! !! ! ! ! ! ! ! 2^ K\!/! ! ! [>?,!áQ;[IC!?J;KSà! ì! +ëíóëí! !! !! !! !! ! ! [>?3!á\R;QQ!?J;KSà! î! +ëíóëì! !! !! !! !! ! ! !

! íëñ! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

gVgV !!-+.=0(1-,+5(2'+-2'#0+#*#!20-=!2(4#+ =!2#0(= +

7C! BKB! \URC! ;BBK]KUS;Q! ?URY;[;]KbC! ICSURK?\! cK]J! ]JC! ICSURC\! UH! U]JC[! BC\?[K>CB! CQC?][U;?]KbC! >;?]C[K;x! 28>9>H=>D768>AAIG5 ;:FFDDL>96CG ! 94!!! ìîìòëv! %:D768H:F5 GIA;IFF:9I8:CG ! 0!9v! *6F>EFD;IC9IG5 ;:FFDDLM96CG !06Éív! .=D9DEG:I9DBDC6G5E6AIGHF>G !!'9ëëöv! /=:K6C:AA65DC:>9:CG>G !-2Éív! />9:FDLM96CG5 A>H=DHFDE=>8IG !$3Éíy!3URC!UH!]JC!ICSC\!KSbUQbCB!KS!CQC?][US!][;S\HC[!;SB!?;[>US!HKd;]KUS!cC[C!?URY;[CBy! 4;>QC!ó!\^RR;[KC\!]JC!\KRKQ;[K]e!cK]J!]JC!-9'ÜòöÜí!;SB!{ !6P!4CSBC[K;!CQC?][UYJ;I;|y!

U]J! *P5;:FFDDL>96CG !;SB! /P5A>H=DHFDE=>8IG !\J;[CB!RUQe>BUY]C[KS!UdKBU[CB^?];\C\y!4JC!HU[RC[!\J;[CB! ]JC!?>>î!?e]U?J[URC!?URYQCdv!;SB!]JC!Q;]C[!J;B!;!Z^K]C!\KRKQ;[!?e]U?J[URC!>?í!?URYQCd!;SB!.9#(É Z^KSUSC!UdKBU[CB^?];\Cy! 2P5;:FFDDL>96CG !;Q\U!J;B!;![C\CR>QKSI!.9#(ÉZ^KSUSC!UdKBU[CB^?];\Cv!>^]!Q;?P\! ?>>î! ?e]U?J[URC! ?URYQCd! ;SB! \^??KS;]C! BCJeB[UICS;\Cy!4JC\C!]J[CC!>;?]C[K;!;QQ!\J;[CB!]JC!\;RC! 2^ K\!/!ICSC\!HU[!?;[>US!BKUdKBC!HKd;]KUSy! .P5E6AIGHF>G !J;B!;!\KRKQ;[!?e]U?J[URC!>B!^>KZ^KSUQ!UdKB;\C! ;SB!]JC!]cU!RUBCQ!CQC?][U;?]KbC!>;?]C[K;! /P5DC:>9:CG>G !;SB! %P5GIA;IFF:9I8:CG !J;B!QC\\!KS!?URRUS!cK]J! -9'ÜòöÜí!;SB!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!]J;S!]JC!U]JC[!ICSURC\!?URY;[CB!JC[Cy!

! +

íëó!! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! ! hV ! "(1!311(-, +

hVcV !#*#!20-=!2(4#+ =!2#0(=+=,"+#,,- *#+#,2 +

7K]J!]JC!Y[C\CS?C!UH!-9'ÜòöÜí!;SB!K]\!Y^];]KbC!RC];>UQK\R!KSHC[[CB!H[UR!{ !6P!4CSBC[K;!CQC?][UYJ;I;|v! cC!;BB!SCc!CbKBCS?C!]U!\^YYU[]!;!RUBCQ!cC!Y[UYU\CB!]U!CdYQ;KS!]JC!CSSU>QCRCS]!UH!\];KSQC\\!\]CCQ!>e! >;?]C[K;y!)S!]JK\!RUBCQv!CQC?][U][UYJK?!>;?]C[K;!?;S![CB^?C!UdeICS!cK]J!]JC!CQC?][US!B[;cS!H[UR!]JC! Y;\\KbC!HKQR!UH!]JC!\];KSQC\\!\]CCQv!;SB!?US\CZ^CS]Qe!KS?[C;\C!]JC!/!0y!4JK\!JeYU]JC\K\!K\!?UJC[CS]!cK]J! ]JC!?;]JUBK?!BCYUQ;[Kf;]KUS!U>\C[bCB!KS!U]JC[!\]^BKC\!cJC[C!]JC!>;?]C[K;!;>KQK]e!]U![CB^?C!UdeICS!K\! Y[UYU\CB!;\!]JC![C;\US!HU[!]JC!CSSU>QCRCS]!á9^BU^;[B!C]!;Qyv!íööïw!(UQ]JC!C]!;Qyv!íöôöw!*UJS\CS!;SB! ;[B;Qv!íöôñw!,;[?JE!C]!;Qyv!ìëííw!,C! UfC?!C]!;Qyv!ìëëíw!-UQQK?;!;SB!3?U]]Uv!íööów!2UISC!;SB!3]CKS\RUv! íööów!4JKC[[e!C]!;Qyv!ìëíñw!:J;SI!;SB!#Cd]C[v!íööñày!4JC!CSSU>QCRCS]!U??^[\!KS!UYCS!?K[?^K]!?USBK]KUSv! >P:P !cK]JU^]!;Se!Cd]C[S;Q!?^[[CS]!Y[UbKBCBv!>^]!]JC!\U^[?C!UH!CQC?][US\!^\CB!KS!]JC!UdKB;]KUS![C;?]KUS! ?U^QB!>C!HU^SB!KS!]JC!bC[e!\QUc![CSCc;Q!UH!]JC!Y;\\KbC!HKQR!áJeB[àUdKBC\!áK[USv!?J[URK^Rà!]J;]!Y[UbKBC\! ]JC!?U[[U\KUS![C\K\];S?C!]U!]JC!\];KSQC\\!\]CCQ!á-;[?^\v!ìëííày!7C!J;B!\JUcS!]J;]!]JC!Y;\\KbC!?^[[CS]! c;\!]cU!U[BC[\!UH!R;ISK]^BC\!QUcC[!]J;S!KS!>KU?;]JUBC!\e\]CR\!^\CB!HU[!]JC!BC\?[KY]KUS!UH!{ !6P!4CSBC[K;! CQC?][UYJ;I;|!á-;Q;SU\PK!C]!;Qyv!ìëíôw!4[KIUBC]!C]!;Qyv!ìëíöàv!cJK?J!R;PC\!]JC!Y[C\CS?C!UH!;!Y^];]KbC! CQC?][U][UYJK?!>;?]C[K;!KS!UYCS!?K[?^K]!?USBK]KUS!;![CR;[P;>QC![C\^Q]y!

7K]J!]JK\!JeYU]JC\K\v!]JC!I[Uc]J!UH!CQC?][U][UYJK?!>;?]C[K;![CQe!US!]JC!\];KSQC\\!\]CCQ!Y;\\KbC!?^[[CS]y! 4JC!?^[[CS]!Y[UbKBCB!KS!;SUBK?!YUQ;[Kf;]KUS!á?USBK]KUS!ïà!c;\!KS!]JC![CbC[\C!BK[C?]KUS!UH!]JC!Y;\\KbC! ?^[[CS]v! ;SB! IQ;\\! ?U^YUS\! ;[C! ;! SUSÉ?USB^?]KbC! R;]C[K;Qy!-9'ÜòöÜí!c;\!SU]!HU^SB!KS!]JC\C! ]cU! ?USBK]KUS\v!cJK?J!\^YYU[]!]JC!KBC;!]J;]!]JCe!^\C!]JC!Y;\\KbC!?^[[CS]!KS!/0!!?USBK]KUS\v!;SB!]JC[CHU[C! \^YYU[]!]JC!RUBCQ!BC\?[K>CB!;>UbC!]U!CdYQ;KS!CSSU>QCRCS]y!

4JK\! CdYC[KRCS]! BUC\! SU]! Y[UbC! ]J;]! -9'ÜòöÜí! c;\! [C\YUS\K>QC! HU[! ]JC! CSSU>QCRCS]v! >^]! ]J;]! K]! [C;?]CB!]U!]JC!/!0Ƕîëë!R6!?USBK]KUS\y!4U!Y[UbC!]JC![UQC!UH!>;?]C[K;!QKPC!-9'ÜòöÜí!U[!{ !6P!4CSBC[K;! CQC?][UYJ;I;|!KS!]JC!CSSU>QCRCS]v!cC!cU^QB!SCCB!]U!^\C!Y^[C!?^Q]^[Cv!U[!CS[K?JRCS]!UH!]JC\C!>;?]C[K;! KS\]C;B!UH!]JC!S;]^[;Q!\C;c;]C[!?URR^SK]e!;\!]JC!KSU?^Q^R!HU[!\];KSQC\\!\]CCQ!?UQUSKf;]KUSy!

! íëò! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

hVdV !!-+.=0(1-,+-%+ +=&]ik]c +5(2'+ W "'+2#,"#0(=+#*#!20-.'=&= X+

!Q;\\K?;Q!];dUSURK?!;\\KIS;]KUS!UH]CS![CQe!US!]JC!?URY;[K\US!UH!íó\![2.9!R;[PC[!ICSCv!>^]!]JC!;\\CR>Qe! UH!RC];ICSURK?\!\CZ^CS?C\!UH]CS!H;KQ!KS!bC[e!?US\C[bCB![CIKUS!UH!]JC!ICSURC\!\^?J!;\![K>U\UR;Q!2.9y! (C[Cv!cC!J;B!;!SUSÉ?URYQC]C!ìî3![2.9!cJK?J!R;]?JCB!]U!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!;SB!]JC!;bC[;IC! S^?QCU]KBC!KBCS]K]e!á9.)à!>C]cCCS!]JC!]cU!ICSURC\!c;\!öòyí•!HU[!;S!;QKISRCS]!?UbC[;IC!ôìyô•y!4JK\! \?U[C!c;\!Z^K]C!JKIJ!;SB!cK]JKS!]JC![;SIC!UH!]JC!\;RC!\YC?KC\v!cK]J!;SB!9.)!UbC[!öó•!á+KR!C]!;Qyv!ìëíïày! -9'ÜòöÜí!c;\!?URYU\CB!UH!ôí!?US]KI\v!]JC[CHU[C!\URC!Y;[]\!UH!]JC!ICSURC!cC[C!RK\\KSI!;SB!cU^QB! J;bC!?US][K>^]CB!]U!]JC!9.)!\?U[Cy!!

7K]J!]JC!bC[e!JKIJ!Y[UYU[]KUS!UH!\J;[CB!ICSC\!?Q^\]C[v!cC!?;S!;\\^RC!]J;]!-9'ÜòöÜí!J;\!YU]CS]K;QQe! ]JC!\;RC!RC];>UQK\R!cJK?J!K\!?USHK[RCB!>e!]JC!Y[C\CS?C!UH!]JC!\;RC!CQC?][US!][;S\HC[!ICSC\!HU[!>U]J! ICSURC!á&KI^[C!îëày!,KPCcK\Cv!U]JC[!CQC?][U;?]KbC!>;?]C[K;!J;B!\URC!\KRKQ;[K]e!cK]J!-9'ÜòöÜíy!

'CC:F5B:B7F6C:5EDGG>7A:5:A:8HFDC5HF6CG;:F5GMGH:BG5

4JC! ;C[U>K?! K[US! UdKBKfKSI! >;?]C[K;! *P5 ;:FFDDL>96CG ! ;SB! /P5 A>H=DHFDE=>8IG ! \J;[CB! ;! \KRKQ;[! ?>>î! ?e]U?J[URC!?URYQCd!]U!^Q]KR;]CQe![CB^?C!UdeICS!;SB!?[C;]C!;!Y[U]USÉRU]KbC!HU[?C!HU[!940!ICSC[;]KUS! á ;[?U!C]!;Qyv!ìëíñw!$RC[\US!C]!;Qyv!ìëíîày!4JCe!;Q\U!\J;[C!?e]U?J[URC!>?í!;SB!;!YU\\K>QC!{^YJKQQ|!CQC?][US! ][;S\YU[]!\e\]CR!]U!^Q]KR;]CQe![CICSC[;]C!.9#(!á K[B!C]!;Qyv!ìëííàv!^\CB!HU[!?;[>US!BKUdKBC!HKd;]KUSv!cK]J! ;! .9#(ÉUdKBU[CB^?];\C! ?URYQCdy! 3URC! RUQe>BUY]C[KS! UdKBU[CB^?];\C\! cC[C! \J;[CB! cK]J! *P5 ;:FFDDL>96CG !;SB!;[C!]JU^IJ]!]U!>C!KSbUQbCB!KS!]JC!9Q]C[S;]KbC! !URYQCd! )))v! ;SU]JC[! CQCRCS]! UH! ]JC! CQC?][US! ][;S\HC[! \e\]CR! á3KSIC[! C]! ;Qyv! ìëíív! ìëíîày! 4JC! ?e]U?J[URC! >Bv! ;SB! ]JC! \^??KS;]C! BCJeB[UICS;\C!;[C!;Q\U!Y;[]!UH!]JC!CQC?][US!][;S\HC[!?J;KS!UH! /P5A>H=DHFDE=>8IG !á$RC[\US!C]!;Qyv!ìëíîà!;SB! HU^SB!KS!]JC!ICSURC!UH!-9'ÜòöÜí!;SB!{ !6P!4CSBC[K;!CQC?][UYJ;I;|y!

/^]C[!RCR>[;SC!YU\\K>QC!CQC?][US!][;S\HC[!\e\]CR\!

4JC!U^]C[!RCR>[;SC!?US\]K]^]C!]JC!CQC?][US!CS][e!YUKS]!;SB!\CbC[;Q!Y[U]CKS\!?U^QB!>C!KSbUQbCBy!4JC! !e?ìÉQKPC!Y[U]CKS!KBCS]KHKCB!KS!-9'ÜòöÜí!;SB!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!J;B!QUc!\KRKQ;[K]e!cK]J!]JC! !e?ì!UH! 2P5;:FFDDL>96CG !>^]!RC];][;S\?[KY]URK?\!CdYC[KRCS]!US!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!\JUcS!]JC! [CQ;]KbC! KRYU[];S?C! UH! ]J;]! Y[U]CKS! cK]J! Cd][;?CQQ^Q;[! CQC?][US! ][;S\HC[! á$BBKC! C]! ;Qyv! ìëíòày! 4JK\! íëô!! !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! ! ?e]U?J[URC!K\!]JC!PCe!?URYUSCS]!UH! 2P5;:FFDDL>96CG !Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!á6;QBE\!C]!;Qyv!ìëëôày! 4JC!Y[C\CS?C!UH!;S!^SBC?;JCRC!?e]U?J[URC!?U^QB!;Q\U!>C!;S!CbKBCS?C!HU[!;!{?e]U?J[URC!YU[KS|!RUBCQ! á2K?J;[B\US! C]! ;Qyv! ìëíìà! ;Q[C;Be! U>\C[bCB! KS! U]JC[! CQC?][U;?]KbC! >;?]C[K;! \^?J! ;\! %P5 GIA;IFF:9I8:CG ! /R? Ç/R?!! á,K^! C]! ;Qyv! ìëíïàv! /P5 DC:>9:CG>G ! -][9Ç-][ ! á!U^[\UQQC! ;SB! '[;QSK?Pv! ìëíìàv! .P5 E6AIGHF>G ! 0KU9Ç0KU !á U\C!C]!;Qyv!ìëíïw!*K;U!;SB!.CcR;Sv!ìëëòà!;SB! /P5A>H=DHFDE=>8IG !-]U9Ç-]U !á,K^!C]!;Qyv!ìëíìày!!

!

7QO\YM!)&%!BKPMTI[QK!WV[MU[QIS!YV\[M!NVY!M_[YIKMSS\SIY!MSMK[YVU![YIUZNMY!QU!=28H-/H'%! 9QQ!Y[U]CKS\! KS!]JK\!HKI^[C!;[C!>U]J!HU^SB!KS!-9'ÜòöÜí!;SB!{ !6P5 4CSBC[K;!CQC?][UYJ;I;|y!9B;Y]CB!H[UR!á$BBKC!C]! ;Qyv!ìëíòày!

!

!

! íëö !(904$2! )))!x !-$49'$./-)!!$6)#$.!$!/&!$,$!42/42/0()!! 9!4$2)9 ! !

hVeV !(0-,+-6("(8(,&+ =!2#0(=+=,"+#,,- *#+#,2 +

4JC!C\]KR;]KUS!UH!]JC!H[CC!'K>>\!CSC[Ie!HU[!]JC![CB^?]KUS!UH!UdeICS!á¶!ôìë!R6!b\y!3($v!¶!ñòó!R6!b\y!3!$à! cK]J!;S!CQC?][UBC!;]!]JC!YU]CS]K;Q!UH!¶!ìíì!R6!b\y!3!$!á!ÉS&r$év!&!ß!öó!ïôñ!*à!K\!É!îñyíì!P*ÇRUQ!C Év!cJK?J!K\! KS!]JC![;SIC!UH!]JC!K[US!UdKBKfKSI!>;?]C[K;!á K[B!C]!;Qyv!ìëííw!$RC[\US!C]!;Qyv!ìëíëw!&C[I^\US!;SB!)SIQCBCcv! ìëëôày!4JC![CQ;]KbC!\KRKQ;[K]e!cK]J!PSUcS!K[US!UdKBKfKSI!>;?]C[K;!QKPC! *P5;:FFDDLM96CG !;SB! /P5A>H=DHFDE=>8IG ! KSBK?;]C\!]J;]!-9'ÜòöÜí!?U^QB!QKPCQe!UdKBKfC!&Cá))à!]U!&Cá)))ày!4JC[CHU[Cv!KS!]JC!Y;\\KbC!HKQR!?URYU\K]KUSv! &Cá))àÇ&Cá)))à![;]KU!K\!RU[C!QKPCQe!]U!>C!KSHQ^CS?CB!]J;S!U]JC[!CQCRCS]\y!!

iV ! !-,!*31(-,1+ +

/bC[;QQv!]JK\!CdYC[KRCS];Q!BC\KIS!c;\!\^??C\\H^QQe!^\CB!]U![C?UbC[!;SB!KBCS]KHe!CQC?][U;?]KbC!>;?]C[K;v! >^]!;!\][USI!Y;[]!UH!]JK\!\]^Be![CQe!US!RC];][;S\?[KY]URK?!B;];!]U!;\\C\\!]JC!CdY[C\\CB!ICSC\!^SBC[!]JC! BKHHC[CS]!?USBK]KUS\v!C\YC?K;QQe!HU[!ìÉî!HU[!cJK?J!;!?^[[CS]!c;\!^\C!]U!CK]JC[!KS?[C;\C!U[!BC?[C;\C!]JC! YU]CS]K;Q!ìï!JU^[\!>CHU[C!\;RYQKSIy!4JC\C![C\^Q]\!;[C!>CKSI!Y[U?C\\CB!;SB!?U^QB!Y[UbKBC!PCe!;S\cC[\!]U! ]JC![UQC!UH!]JC!Y^];]KbC!CQC?][US!][;S\HC[!ICSC\!KBCS]KHKCB!KS!-9'ÜòöÜí!;SB!{ !6P!4CSBC[K;!CQC?][UYJ;I;|y!!

7C!BKB!;!?UÉ;\\CR>Qe!UH!;QQ!\;RYQC!]U!KS?[C;\C!]JC!?J;S?C!]U![C?US\][^?]!YUY^Q;]KUS!ICSURC\v!cC!?U^QB! ;Q\U!J;bC!^\CB![CHC[CS?C!>;\CB!;\\CR>Qe!cJK?J!^\C\![CHC[CS?C!ICSURC\!]U!>C]]C[!;\\CR>QC!\KRKQ;[! ICSURC!CdYC?]CB!H[UR!;!RC];ICSURK?!B;];\C]y!

7C! J;bC! \CQC?]CB! ]JC! ?USBK]KUS! \CQC?]KbC! HU[! { !6P! 4CSBC[K;! CQC?][UYJ;I;|! ;H]C[! 4[KIUBC]! C]! ;Qyv! ìëíö! á\C;c;]C[!JC;]CB!]U!îóp!ày!(UcCbC[v!cC!U>\C[bCB!]JC!CSSU>QCRCS]!KS!U]JC[!?USBK]KUS\v!cJK?J!\^IIC\]! ]JC! Y[C\CS?C! UH! ;Q]C[S;]KbCv! eC]! ^SPSUcSv! CQC?][U][UYJK?! >;?]C[K;y! 4JC! [UQC! UH! CQC?][U][UYJ! KS! ]JC! CSbK[USRCS]![CR;KS\!YUU[Qe!CdYQU[CB!;SB!cC!Y[UbKBC!;S!CHHK?KCS]!RC]JUB!]U!BC]C?]!]JCRy!7K]J!]JK\v! KBCS]KHeKSI!;SB!?URY;[KSI!ICSURC\!UH!CQC?][U][UYJ\!;SB!]JC!BKbC[\K]e!UH!CQC?][US!][;S\YU[]!Y;]Jc;e\! ?US\]K]^]C!;S!;??C\\K>QC!];\P!;SB!;!SCc!?J;QQCSIC!HU[!CSbK[USRCS];Q!RK?[U>KUQUIey!

! !

ííë!! !

!

!

!

!

!

! !#)3!533)/.! 9.#!0$230$!4)6$3!

! !

! #)3!533)/.!9.#!0$230$!4)6$3 ! !

7C!^\CB!;RYQK?US!\CZ^CS?KSI!]U!BC\?[K>C!]JC!>;?]C[K;Q!?URR^SK]KC\!?UQQC?]CB!US!\];KSQC\\!\]CCQ!CdYU\CB! ^SBC[! BKHHC[CS]! ?USBK]KUS\! á]CRYC[;]^[Cv! UdeICS! ?US]CS]àv! ;SB! >KUR;[PC[\! BC]C?]KUS! ]U! KBCS]KHe! ]JC! >;?]C[K;!RU\]!QKPCQe!;\\U?K;]CB!cK]J!CSSU>QCRCS]y!4JC[C!cC[C!]cU!R;OU[!]eYC\!UH!>;?]C[K;!;\\U?K;]CB! cK]J! CSSU>QCRCS]x! CQC?][U][UYJK?! ;SB! JeB[U?;[>US! BCI[;BKSI! >;?]C[K;y! 4JC! Y[C\CS?C! UH! ]JC! HU[RC[! KSBK?;]CB!;!SCc!>;?]C[K;Q!RC?J;SK\R!HU[!CSSU>QCRCS]v!B[KbCS!>e!UdeICS![CB^?]KUS!cK]J!CQC?][US!B[;cS! H[UR!]JC!\];KSQC\\!\]CCQ!Y;\\KbC!HKQRy!4JK\!CdYQ;S;]KUS!HK]!cK]J!]JC!CSJ;S?CB!UdeICS![CB^?]KUS!B^C!]U! >;?]C[K;!US!]JC!\^[H;?C!UH!\];KSQC\\!\]CCQ!]J;]!J;\!>CCS!U>\C[bCB!>e!R;Se!;^]JU[\!á9^BU^;[B!C]!;Qyv!íööïw! (UQ]JC!C]!;Qyv!íöôöw!*UJS\CS!;SB! ;[B;Qv!íöôñw!,;[?JE!C]!;Qyv!ìëííw!,C! UfC?!C]!;Qyv!ìëëíw!-UQQK?;!;SB! 3?U]]Uv!íööów!2UISC!;SB!3]CKS\RUv!íööów!4JKC[[e!C]!;Qyv!ìëíñw!:J;SI!;SB!#Cd]C[v!íööñày!!

7C!?USHK[RCB!]JC!Y[C\CS?C!UH!]JC!CQC?][U][UYJK?!>;?]C[K;!KBCS]KHKCB!KS!;RYQK?US!\CZ^CS?KSI!cK]J!]JC! ^\C!UH!RC];ICSURK?\!KS!;S!CdYC[KRCS]!cK]J!HKdCB!b\y!UYCS!?K[?^K]!YU]CS]K;Q!?USBK]KUS\y!7C![C?UbC[CB!;! RC];ICSURCÉ;\\CR>QCB! ICSURC! ?QU\CQe! [CQ;]CB! ]U! ]JC! CQC?][U][UYJK?! >;?]C[K;! { !6P! 4CSBC[K;! CQC?][UYJ;I;|v!Y[CbKU^\Qe!CS[K?JCB!US!;!>KU?;]JUBCy!4JC\C![C\^Q]\!\][USIQe!KSBK?;]C\!]J;]!CQC?][U][UYJK?! >;?]C[K;!?U^QB!>C![C\YUS\K>QC!HU[!]JC!CSSU>QCRCS]y!!

&^]^[C!\]^BKC\!US!]JC!CSSU>QCRCS]!UH!\];KSQC\\!\]CCQ!\JU^QB!?US\KBC[!]JC\C![C\^Q]\v!C\YC?K;QQe!]JC![UQC!UH! CQC?][U][UYJK?!>;?]C[K;y!&U[!]J;]![C;\USv!]JC!HUQQUcKSI!?J;Y]C[!BK\?^\\!]JC![C\^Q]\!ICSC[;]CB!B^[KSI!]JC! ]JC\K\!;SB!]JC!ICSC[;Q!YC[\YC?]KbC\!]J;]!CS\^Cy!

cV ! #6.*-0#+,#5+#,4(0-,+#,21 +

cVcV !%-0+2'#+#,,- *#+#,2 +

!#C\YK]C!]JC!;BbCS]!UH!RUQC?^Q;[!RC]JUB\!HU[!]JC!BC\?[KY]KUS!UH!RK?[U>K;Q!BKbC[\K]e!KS!]JC!CSbK[USRCS]v! ]JC!Q;?P!UH!KSHU[R;]KUS!US!]JC!H^S?]KUS;Q![UQC!UH!RU\]!UH!]JC!BK\?UbC[CB!];d;!BC\?[K>CB!>e!RC];>;[?UBKSI! [CR;KS\!;!R;OU[!U>\];?QC!]U!]JC!^SBC[\];SBKSI!UH!]JCK[![UQC!;SB!;?]KbK]ey!7C!cC[C!]J^\!HU[]^S;]C!]U! KBCS]KHe! { !6P! 4CSBC[K;! CQC?][UYJ;I;|! KS! ]JC! ]CRYC[;]^[C! I[;BKCS]! CdYC[KRCS]! >C?;^\C! K]! J;B! >CCS!

ííì!! #)3!533)/.!9.#!0$230$!4)6$3 ! !

BC\?[K>CB!;\!;!Y^];]KbC!CQC?][U][UYJ!á$BBKC!C]!;Qyv!ìëíóà!;SB!cC!cC[C!]JC[CHU[C!;>QC!]U!Y[UYU\C!;!SCc! RC?J;SK\R! HU[! ]JC! CSSU>QCRCS]y! 9??U[BKSI! ]U! ]JK\! JeYU]JC\K\v! CQC?][U][UYJK?! >;?]C[K;! \JU^QB! >C! ;\\U?K;]CB!cK]J!CSSU>QCRCS]!;QQ!]JC!]KRCv!SU]!USQe!KS!]JC!JC;]CB!\C;c;]C[!?USBK]KUS!UH!U^[!CdYC[KRCS]\y! 4JC! CSSU>QCRCS]! K\! ;! YJCSURCSUS! U>\C[bCB! cU[QBÉcKBC! á3?U]]U! ;SB! ,;Kv! íööôàv! KS! R;[KSC! ;SB! H[C\Jc;]C[!\e\]CR\!á'`RYCQ!C]!;Qyv!ìëëów!4JKC[[e!C]!;Qyv!ìëíñàv!?UQB!U[!][UYK?;Q![CIKUS\!á ;[B;Q!C]!;Qyv!íööîw! -;[]KS!C]!;Qyv!ìëëîw!-;]]KQ;!C]!;Qyv!ìëëëàv!;SB!CbCS!BCCY!\C;y!(CS?Cv!cC!\JU^QB!;Q\U!KSbC\]KI;]C!;R>KCS]! ]CRYC[;]^[C! \C;c;]C[! ]U! >C]]C[! ^SBC[\];SB! cJK?J! >;?]C[K;! ;[C! S;]^[;QQe! [C\YUS\K>QC! HU[! ]JC! CSSU>QCRCS]!KS!]JC! ;e!UH! [C\]y!!

7C!?;[[KCB!U^]!;!>;?]C[K;Q!?URR^SK]e!;S;Qe\K\!;]!;R>KCS]!\C;c;]C[!]CRYC[;]^[C!áííé!v!&C>[^;[eà!;]!]JC! bC[e!>CIKSSKSI!UH!]JK\!Y[UOC?]y!7C!CdYU\CB!;SB!?UQQC?]CB!ìñ!\;RYQC\!KS!ñ!\C;c;]C[!];SP\!]U!;\\C\\!]JC! ;\\CR>Qe!UH!]JC!>;?]C[K;Q!?URR^SK]KC\y!4JC!\;RYQC\!?UQQC?]CB!cC[C!Z^K]C!\KRKQ;[!;SB!]JC!;\\CR>Qe![;]JC[! BC]C[RKSK\]K?! ;SB! cC! KBCS]KHKCB! R;KSQe! $A6JD768H:F>68:6: ! ;SB! USC! JeB[U?;[>US! BCI[;BKSI! >;?]C[K;x! /QCKYJKQ^\!á&KI^[C!îíày!4JC!?US?Q^\KUS\!;[C!\KRKQ;[!]U!]JC!QUc!#/!!CdYC[KRCS]!á!J;Y]C[!))àx!cC!BKB!SU]! KBCS]KHe!PSUcS!CQC?][U][UYJK?!>;?]C[K;v!>^]!cC!BKB!SU]!Y[UbC!]JCK[!;>\CS?C!CK]JC[y!-U\]!UH!]JC!];dUSURK?! ;HHKQK;]KUS\v!H[UR!]JC!íó3![2.9v!cC[C!YUU[Qe![C\UQbCB!B^C!]U![CHC[CS?C!B;];>;\C\!Q;?PKSI!>;?]C[K;!H[UR! \KRKQ;[!CSbK[USRCS]\y!

.CbC[]JCQC\\v! KS! ]JC! !J;Y]C[! )))v! cC! ^\CB! ?US][UQQCB! YU]CS]K;Q! ?USBK]KUS\! b\y! /!0! ]U! KBCS]KHe! CQC?][U][UYJK?! >;?]C[K;! H[UR! ]JC! [C\]! UH! ]JC! \^[H;?C! ;]];?JCB! >;?]C[K;Q! ?URR^SK]ey! 7C! \^??C\\H^QQe! [C?UbC[CB!;!-9'v!bC[e!?QU\C!]U!{ !6P!4CSBC[K;!CQC?][UYJ;I;|v!;!PSUcS!CQC?][U][UYJy!4JK\!Y[U]U?UQ!?;S! ]J^\!>C!^\CB!]U!KBCS]KHe!U]JC[!CQC?][U][UYJ!>;?]C[K;!KS!;Se!?USBK]KUS!\^K];>QC!HU[!]JC!CSSU>QCRCS]y!9SB! ]JCK[! \e\]CR;]K?! Y[C\CS?C! cU^QB! ?US\KBC[;>Qe! \^YYU[]! U^[! RUBCQ! ]U! CdYQ;KS! ]JC! CSSU>QCRCS]y! !USbC[\CQev! cC! ?U^QB! ^\C! ]JK\! Y[U]U?UQ! KS! ?USBK]KUS\! ]J;]! KSJK>K]\! ]JC! CSSU>QCRCS]! áQUc! #/!v! ]CRYC[;]^[C!;>UbC!ïëé!à!]U!\JUc!]JC!;>\CS?C!UH!CQC?][U][UYJ!>;?]C[K;y!

! ííî! #)3!533)/.!9.#!0$230$!4)6$3 ! !

!

7QO\YM!)'%!AMSI[Q]M!IJ\ULIUKM!LQZ[YQJ\[QVU!VN![PM!TVZ[!IJ\ULIU[!JIK[MYQI!KVSSMK[ML!VU!Z[IQUSMZZ! Z[MMS!M_WVZML!NVY![^V!^MMRZ!QU!ZMI^I[MY! ''b4!%! !

cVdV !#,4(0-,+#,2=*+-!!300#,!#+-%+ W "'+2#,"#0(=+#*#!20-.'=&= X++

9]!]JC!]KRC!UH!c[K]KSI!]JK\!]JC\K\v!K]!c;\!]JC!HK[\]!KBCS]KHK?;]KUS!UH!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!KS!;SU]JC[! \e\]CR!]J;S!]JC!CS[K?JRCS]!H[UR!cJK?J!K]!c;\!U[KIKS;QQe!BC\?[K>CBy!)]!K\!KS]C[C\]KSI!]U!KSbC\]KI;]C!]JC! S;]^[;Q!J;>K];]!UH!]J;]!>;?]C[K;!HU[!]cU![C;\US\x!HKSB!SCc!CQC?][U][UYJK?!>;?]C[K;!]J;]!?;S!>C!^\CH^Q!HU[! RK?[U>K;Q! H^CQ! ?CQQ\! \]^BKC\v! ;SB! ]U! ?URY;[C! \];KSQC\\! \]CCQ! >;?]C[K;Q! ?URR^SK]KC\! ]U! ]JC! S;]^[;Q! ?URR^SK]e!UH!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!;SB!KBCS]KHe!RK?[U>K;Q!Y;[]SC[\!U[!H;?]U[\!]J;]![CQ;]C!]U!]JC! CSSU>QCRCS]y!!

4JC!USQe!>;?]C[K;Q!KSU?^Q^R!^\CB!KS!]JK\!]JC\K\!c;\!]JC!\C;c;]C[v!]JC[CHU[C!;!>;?]C[K^R!QKPC!{ !6P!4CSBC[K;! CQC?][UYJ;I;|!\JU^QB!>C!Y[C\CS]!KS!]J;]!\C;c;]C[y!9!>;?]C[K;Q!\^[bCe!J;\!>CCS!?;[[KCB!U^]!>e!,CRUSSKC[! C]!;Qy!áKS!Y[CYà!\Y;SSKSI!î!eC;[\!cK]J!;!>KÉRUS]JQe!\;RYQKSI!KS!]JC!KRRCBK;]C!bK?KSK]e!UH!U^[!Y^RYKSI!

ííï ! #)3!533)/.!9.#!0$230$!4)6$3 ! !

\e\]CR!KS];PCy!3URC!/45\!cC[C!;HHKQK;]CB!]U!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!KS!]JK\!]KRC!\C[KC\!;SB!]JCK[! BK\][K>^]KUS!K\!\JUcS!KS!&KI^[C!îìy!4JC!;>^SB;S?C!c;\!Z^K]C!QUc!cK]J!;!R;dKR^R!UH!ëyìñ•![CQ;]KbC! ;>^SB;S?C!KS!*^SC!ìëíòv!>^]!;![CR;[P;>QC!\C;\US;Q!Y;]]C[S!?;S!>C!U>\C[bCB!cK]J!JKIJC[!;>^SB;S?C! H[UR!9Y[KQ!]U!3CY]CR>C[y!4JC!U??^[[CS?C!UH!]JC\C!/45\!?U[[CQ;]C!cK]J!JKIJC[!\C;c;]C[!]CRYC[;]^[Cv! >^]!;Q\U!cK]J!]JC!YJe]UYQ;SP]USK?!>QUUR\!]J;]!HK[\]!;[K\C!;[U^SB!9Y[KQÖcK]J!]JC!JKIJ!S^][KCS]!;SB!QKIJ]! ;b;KQ;>KQK]eÖ;SB![C?^[!B^[KSI!]JC!\^RRC[!\C;\USy!!

4JC\C!/45\!cC[C!;HHKQK;]CB!]U!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!>^]!cK]J!;!\CZ^CS?C!\KRKQ;[K]e!UH!USQe!öë•!HU[! ]JC!6ïÉ6ñ![CIKUS!UH!]JC!íó3![2.9Ö?URY;[C!]U!]JC!íëë•!\KRKQ;[K]e!H[UR!]JC!/45!UH!]JC!]CRYC[;]^[C! CdYC[KRCS]!á!J;Y]C[!)ày!4JK\!;HHKQK;]KUS!c;\!\]KQQ!]JC!>C\]!?US\KBC[KSI!]JC!;?]^;Q!B;];>;\C\!UH!íó3![2.9! á3KQb;! .2! íîìà! >^]! KS]C[Y[C];]KUS! UH! ]JC\C! /45\! c;\! QKRK]CB! ]U! ;! ?U[[CQ;]KUS! cK]J! ]JC! >KUQUIK?;QQe! Y[UB^?]KbC! YC[KUB! UH! ]JC! eC;[y! 9Q\Uv! ]JK\! B;];>;\C! K\! USQe! ;>U^]! ]JC! YCQ;IK?! áH[CCÉQKbKSIà! Y;[]! UH! ]JC! RK?[U>K;Q!BKbC[\K]e!;SB!SU]!>;?]C[K;!cK]J!;!\C\\KQC!QKHC\]eQCy!(CS?Cv!K]!K\!YU\\K>QC!]J;]!CQC?][U][UYJ\!\^?J! ;\{! !6P!4CSBC[K;!CQC?][UYJ;I;|v!B^C!]U!]JCK[!;]];?JCB!QKHC\]eQC!RC];>UQK?![CZ^K[CRCS]v!;[C!RU[C!BURKS;S]! KS! ]JC! Y;[]K?^Q;]C! H[;?]KUS! UH! ]JC! R;[KSC! RK?[U>K;Q! ?URR^SK]ey! 7C! cKQQ! \UUS! >C! ;>QC! ]U! ]C\]! ]JK\! JeYU]JC\K\!cK]J!]JC!H^]^[C![CQC;\C!UH!]KRC!\C[KC\!;RYQK?US!B;];!HU[!]JK\!H[;?]KUS!á,CRUSSKC[!C]!;Qy!KS! Y[CYày!(UcCbC[v!cC!?;SSU]!;Q\U!BK\?;[B!]JC!YU\\K>KQK]e!HU[!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!]U!>CQUSI!]U!]JC! bC[e![;[C!>KU\YJC[C!UH!]JC!R;[KSC!>;?]C[K;v!cK]J!QU?;Q!CS[K?JRCS]!KS!U^[!CdYC[KRCS];Q!H;?KQK]e!B^C!]U! [CYC;]CB!\];KSQC\\!\]CCQ!CdYU\K]KUS!UbC[!]JC!eC;[\y!

! ííñ! #)3!533)/.!9.#!0$230$!4)6$3 ! !

7QO\YM!)(%!AMSI[Q]M!IJ\ULIUKM!VN!?CDZ!INNQSQI[ML![V!d !$8!CMULMYQI!MSMK[YVWPIOIe!QU!I![QTM!ZMYQMZ! VN!ZMI^I[MY!KVSSMK[ML!I[![PM!W\TW!\ZML!IZ!QU[IRM!NVY!V\Y!M_WMYQTMU[Z !

!

)S! ;BBK]KUSv! ]JC! Y^];]KbC! Cd][;?CQQ^Q;[! CQC?][US! ][;S\HC[! \e\]CR! KS! -9'ÜòöÜí! U[! { !6P! 4CSBC[K;! CQC?][UYJ;I;|!c;\!Z^K]C!?QU\C!]U!K[US!UdKBKfKSI!>;?]C[K;y!!^[[CS]Qe!USQe!]cU!SC^][UYJKQK?!;C[U>K?!K[US! UdKBKfKSI!>;?]C[K;!J;bC!>CCS!?J;[;?]C[KfCBx! *6F>EFD;IC9IG5;:FFDDLM9 ;S\!KS!\C;c;]C[!á3KSIC[!C]!;Qyv!ìëííà! ;SB! />9:FDLM96CG5A>H=DHFDE=>8IG !KS!H[C\J!c;]C[!á$RC[\US!C]!;Qyv!ìëíîày!4JC!HU[RC[!J;\!>CCS!BK\?UbC[CB! KS!]JC!,UKJK!3C;RU^S]v!KS!&CÉ[K?J!RK?[U>K;Q!R;]\!;\\U?K;]CB!cK]J!JeB[U]JC[R;Q!bCS]KSI!á$RC[\US!C]!;Qyv! ìëëòày!7C!^\CB!\CbC[;Q!Y^>QK?Qe!;b;KQ;>QC!RC];ICSURK?\!B;];!UH!JeB[U]JC[R;Q!bCS]\!á!U^[]KSCv!ìëíòà! ;SB!R;YYCB!]JC\C!\CZ^CS?C\!]U!]JC!ICSURC!UH!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!á&KI^[C! îîà!]U!\]^Be!K]\! Y[C\CS?C!KS!]JC\C!\e\]CR\y!)]!BKB!SU]![C?[^K]!;Se!RC];ICSURK?!\CZ^CS?C\!H[UR!JeB[U]JC[R;Q!bCS]\v! cJK?J! c;\! ;! \^[Y[K\KSI! [C\^Q]! IKbCS! ]JC! ;RU^S]! UH! K[US! ;b;KQ;>QC! KS! ]JC\C! \e\]CR\v! ;SB! ]JC! I[C;]! CdYC?];]KUS!]U!HKSB!K[US!UdKBKfKSI!>;?]C[K;!á$RC[\US!C]!;Qyv!ìëíëày!4JC\C![C\^Q]\!;[C!KS!\][USI!?US][;\]! cK]J!]JC!?QC;[!CS[K?JRCS]!UH!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!US!U^[!\];KSQC\\!\]CCQ!?U^YUS\y!4JC!S;]^[;Q! SK?JC!UH!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!]J^\![CR;KS\!CQ^\KbCy!(UcCbC[v!]JC!KS?[C;\KSI!;b;KQ;>KQK]e!UH!R;[KSC!

ííó ! #)3!533)/.!9.#!0$230$!4)6$3 ! !

CSbK[USRCS];Q!RC];ICSURC\!R;e!>[KSI!SCc!;S\cC[\!US!]JC!BK\][K>^]KUS!UH!{ !6P!4CSBC[K;!CQC?][UYJ;I;|v! ;\!cCQQ!;\!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!Y;]Jc;e!?;[[eKSI!RK?[UU[I;SK\R\!KS!;!SC;[!H^]^[Cy!

!

! !

! !

! ííò #)3!533)/.!9.#!0$230$!4)6$3 ! !

! !

! !

7QO\YM! ))%! =M[IOMUVTMZ! YMKY\Q[TMU[! VU! d !$8! CMULMYQI! MSMK[YVWPIOIe%! $;?J! Q;eC[! [CY[C\CS]! ;! \;RYQC!H[UR!;!RC];ICSURK?!B;];!\C]y!4JC!I[;e!?UQU[!RC;S\!]JC[C!;[C!SU!RC];ICSURK?!\CZ^CS?CB! ]J;]!R;YYCB!]U!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!ICSURCy!

!

!

ííô ! #)3!533)/.!9.#!0$230$!4)6$3 ! !

dV ! !-,%(0++2'#+0-*#+-%+#*#!20-20-.'(!+ =!2#0(= +

)S!]JC!!J;Y]C[!)))v!cC!HU^SB!]J;]!CQC?][U][UYJK?!>;?]C[K;!;[C!;\\U?K;]CB!cK]J!\];KSQC\\!\]CCQ!CSSU>QCRCS]v! >^]!BKB!SU]!eC]!HU[R;QQe!Y[UbC!]J;]!]JCe!cC[C![C\YUS\K>QC!HU[!]J;]!KS?[C;\C!UH!YU]CS]K;Qy!4JC!USQe!c;e!]U! ?USHK[R!]JCK[![UQC!cU^QB!>C!]U!^\C!Y^[C!?^Q]^[C!UH!]JC\C!>;?]C[K;!KS!?US][UQQCB!?USBK]KUS\v!;\!UYYU\CB!]U! ]JC!];SP\!cJK?J!USQe![CQe!US!\C;c;]C[!HU[!>;?]C[K;!KSY^]y!!

/>bKU^\Qev!]JC!HK[\]!>;?]C[K;!\][;KS!]U!^\C!cU^QB!>C!{ !6P!4CSBC[K;!CQC?][UYJ;I;|y!)]!J;\!SU]!eC]!>CCS! K\UQ;]CB! á$BBKC! C]! ;Qyv! ìëíóàv! >^]! K]! J;\! >CCS! CS[K?JCB! KS! ;! ?URR^SK]e! ^\CB! US! >KU?;]JUBCy! 4J;]! ?URR^SK]e!?;S!>C!^\CB!;\!KSU?^Q^R!HU[!\];KSQC\\!\]CCQ!?U^YUS\y!4JC!U>\C[b;]KUS!UH!;S!/!0!KS?[C;\C! ?U^QB!H^[]JC[!\^YYU[]!]J;]!CQC?][U][UYJK?!>;?]C[K;!;?]KbK]e!RCBK;]C\!]JC!\];KSQC\\!\]CCQ!CSSU>QCRCS]y! 9SU]JC[! KS]C[C\]KSI! >;?]C[K;! cU^QB! >C! *6F>EFD;IC9IG5 ;:FFDDLM96CG ! ;\! K]! K\! ;! R;[KSC! K[US! UdKBKfKSI! >;?]C[K;!;>QC!]U!\cK]?J!]U!;S!CQC?][U][UYJK?!QKHC\]eQC!á3^RRC[\!C]!;Qyv!ìëíîàv!;SB!]JC[CHU[C![CY[C\CS]\!;! IUUB!?;SBKB;]Cy!

9SU]JC[! YU\\K>KQK]e! cU^QB! >C! ]U! CS[K?J! ]JC! CQC?][U][UYJ! ;Q[C;Be! Y[C\CS]! US! \];KSQC\\! \]CCQ! B^[KSI! CSSU>QCRCS]y!)S!]JK\!?;\Cv!cC!cU^QB!SCCB!]U!?[C;]C!>KU?;]JUBC!cK]J!?;]JUBK?;QQe!YUQ;[KfCB!\];KSQC\\! \]CCQ!]U!;?]!;\!;S!CQC?][US!BUSU[v!;]!;!R^?J!JKIJC[![;]C!]J;S!]JC!Y;\\KbC!HKQR!?^[[CS]!;SB!;\\C\\!]JC! ;>KQK]e! UH! ]J;]! CS[K?JRCS]! ]U! ][KIIC[! ]JC! CSSU>QCRCS]! KS! ;! ?US][UQQCB! \e\]CR! ;SB! KS! UYCS! ?K[?^K]! ?USBK]KUS\y!

eV ! -2'#0+#,4(0-,+#,2=*+%=!2-01+(,%*3#,!(,&+2'#+#,,- *#+#,2 +

3URC!?USBK]KUS\!KSJK>K]!]JC!CSSU>QCRCS]!UH!\];KSQC\\!\]CCQv!\^?J!;\!?[K]K?;Q!\C;c;]C[!]CRYC[;]^[C!áïëé!! KS! [C\]à!á!J;Y]C[!)àv!U[!QUc!BK\\UQbCB!UdeICS!?US]CS]!á!J;Y]C[!))ày!)S]C[C\]KSIQev!\C;c;]C[![CSCc;Q![;]C! c;\!;Q\U!?[K]K?;Q!HU[!]JC!;YY;[K]KUS!UH!]JC!/!0!KS?[C;\Cy!!

)S!]JC!?U^[\C!UH!]JK\!cU[Pv!]JK\!c;\!U>\C[bCB!KS!;!\CY;[;]C!CdYC[KRCS]!KS!cJK?J!cC!c;S]CB!]U!YC[HU[R! \]C[KQC!KS?^>;]KUS!UH!\];KSQC\\!\]CCQ!?U^YUS\!]U!?USHK[R!]J;]!CSSU>QCRCS]!c;\![CQ;]CB!]U!]JC!Y[C\CS?C!UH!

! ííö! #)3!533)/.!9.#!0$230$!4)6$3 ! !

>;?]C[K;y! 7C! ^\CB!\;RYQC\!KRRC[\CB!KS! ;! ìë,! .;QICSC! >U]]QC! ]J;]! cC! ?U^QB! ?QU\C! ;SB! \]C[KQKfC! >e! ;^]U?Q;bKSI!á&KI^[C!îïày!4JC!\C;c;]C[!KS!]JK\!>U]]QC!cU^QB!SU]!>C![CSCcCBy!0[KU[!]U!;!\]C[KQC!CdYC[KRCS]v! cC!?;[[KCB!U^]!;!YU\K]KbC!?US][UQ!cK]J!\];KSQC\\!\]CCQ!\;RYQC\!CdYU\CB!KS!;!ìë,!\C;c;]C[!>U]]QC!;SB! JC;]CB! ;]! îëé!y! )S]C[C\]KSIQev! ]JC! YU]CS]K;Q! SCbC[! KS?[C;\CB!BC\YK]C!]JC!^\C!UH!S;]^[;Q!\C;c;]C[y!/H! ?U^[\Cv!]J;]!CdYC[KRCS];Q!BC\KIS!c;\!SU]!H^[]JC[!BCbCQUYCB!;\!]JC!YU]CS]K;Q!SCbC[!?J;SICB!cK]J!S;]^[;Q! \C;c;]C[y!9\!;![C\^Q]v!\C;c;]C[![CSCc;Q!c;\!?QC;[Qe!SC?C\\;[e!HU[!CQC?][U][UYJK?!;?]KbK]e!;SB!cC!?U^QB! KSbUPC!]J[CC![C;\US\!HU[!]J;]![CZ^K[CRCS]x!áíà!;!SCCB!HU[![;[C!>;?]C[K;!H[UR!]JC!\C;c;]C[v!áìà!;!SCCB!]U! [CSCc!S^][KCS]\v!áîà!U[!]U!CQKRKS;]C!c;\]C!Y[UB^?]\y!,;]C[v!KS!;SU]JC[!CdYC[KRCS]!KSbUQbKSI!îëë!,!];SP\v! ]JC!\C;c;]C[![CSCc;Q!J;B!\]UYYCB!cU[PKSI!HU[!HCc!B;e\!>^]!]JC!CSSU>QCRCS]!c;\!\]KQQ!U>\C[bCBy!4JC! [;]KU!>C]cCCS!]JC!];SP\!;SB!]JC!?U^YUS!\KfC!c;\!?URYQC]CQe!BKHHC[CS]!;SB!;!\R;QQ!Y^RY!KS!]JC!îëë!,! ];SP\!CS\^[CB!?US]KS^U^\!\C;c;]C[!HQUc!cJK?J!?U^QB!>C!CSU^IJ!]U!?U^S]C[!]JC!Q;?P!UH![CSCc;Qy!

)BCS]KHeKSI! ]JC! H;?]U[\! QU\]! >e! ]JC! Q;?P! UH! [CSCc;Q! K\! C\\CS]K;Q! ]U! BC\KIS! \UQ^]KUS\! ]U! Y[CbCS]! ]JC! BCbCQUYRCS]! UH! ]JC\C! >;?]C[K;y! )]! c;\! \JUcS! ]J;]! ]JC! YJU\YJ;]C! ][;S\YU[]! K\! [C;QQe! KRYU[];S]! HU[! *6F>EFD;IC9IG5;:FFDDLM96CG !;\!]JC!YJU\YJ;]C!?U^QB!IC]!?JCQ;]CB!>e!]JC!K[USá)))à!UdKBC\!Y[UB^?CB!>e!]JC! K[US! UdKB;]KUS! Y[U?C\\! ;SB! ]JC[CHU[C! cU^QB! Z^K?PQe! >C! BCYQC]CB! á ;[?U! C]! ;Qyv! ìëíñày! { !6P! 4CSBC[K;! CQC?][UYJ;I;|!J;\!]JC!\;RC!YJU\YJ;]C!][;S\YU[]!\e\]CR!á!J;Y]C[!)))ày!9!BCYQC]KUS!UH!YJU\YJ;]C!B^C!]U! ]JC!Q;?P!UH![CSCc;Q!;SBÇU[!RC?J;SK?;Q!HQUc!;]!]JC!\];KSQC\\!\]CCQ!KS]C[H;?C!?U^QB!>C!;!QKRK];]KUS!HU[!]JC! I[Uc]J!UH!]JC\C!>;?]C[K;y!4U!;BB[C\\!]JK\!Z^C\]KUSv!cC!?U^QB!?UQQC?]!>;?]C[K;!KS!;!]KRC!\C[KC\!;\\U?K;]CB! cK]J!;!BC?[C;\KSI![CSCc;Q![;]C!?U[[CQ;]C!]JCK[!;?]KbK]e!ácK]J!RC];][;S\?[KY]URK?\à!]U!KBCS]KHe!]JC!H;?]U[\! QKRK]KSI!]JC!CSSU>QCRCS]y!!

íìë!! #)3!533)/.!9.#!0$230$!4)6$3 ! !

!

7QO\YM!)*%!6_WMYQTMU[!LMZQOU!NVY!Z[MYQSM!KVU[YVS!VU!MUUVJSMTMU[%

fV ! '7"0-!=0 -,+"#&0="(,&+ =!2#0(= +

(eB[U?;[>US! BCI[;BKSI! >;?]C[K;! ;[C! ^\^;QQe! HU^SB! KS! UKQ! ?US];RKS;]CB! CSbK[USRCS]\! ;SB! ^\C! CK]JC[! \;]^[;]CB!;QKYJ;]K?!U[!;[UR;]K?!JeB[U?;[>US\!;\!\U^[?C!UH!?;[>US!U[!CSC[Ie!á [fC\f?f!;SB!+;\fe?PKv!ìëíôw! #;\!;SB!!J;SB[;Sv!ìëííày!4JK\!]eYC!UH!>;?]C[K;!c;\!]JC!\C?USB!RU\]!\KISKHK?;S]!>;?]C[K;!;\\U?K;]CB!cK]J! CSSU>QCRCS]!KS!U^[!CdYC[KRCS]\y!4JCe!?U^QB!>C![CQ;]CB!]U!;S!UKQ!?US];RKS;]KUS!UH!]JC!\C;c;]C[!Y^RYKSI! ;SB! ]^>KSI! \e\]CRv! >^]! ]JCK[! [C?^[[CS?C! KS! U^[! B;];\C]! [CR;KS\! ;! [CR;[P;>QC! [C\^Q]y! 4JC! R;KS! JeB[U?;[>US!BCI[;BKSI!>;?]C[K;!KS!U^[!B;];\C]\!KS?Q^BCB! ,A:>E=>AIG v! 2A86C>JDF6L !;SB! *6F>CD768H:F y!4JCe! ;[C!BCHKSCB!;\!U>QKI;]C!JeB[U?;[>USU?Q;\]K?!>;?]C[K;!á/(! à!á9;PKRUb!C]!;Qyv!ìëëòà!cJK?J!RC;S\!]J;]!

! íìí #)3!533)/.!9.#!0$230$!4)6$3 ! !

]JCe! USQe! [CQe! US! JeB[U?;[>US! ?URYU^SB\! ;\! CSC[Ie! ;SB! ?;[>US! \U^[?C! ;SB! ;[C! ^S;>QC! ]U! ^\C! RUSURC[K?!\^I;[\!;\!I[Uc]J!\^>\][;]C\y!4JC!ICSC\!KSbUQbCB!KS!]JC!SÉ;QP;SC! BCI[;B;]KUS!J;bC!>CCS! \^RR;[KfCB!KS!]J[CC!?;]CIU[KC\!BCYCSBKSI!US!]JC!QCSI]J!UH!]JC!;QP;SC!áb;S! CKQCS!;SB!&^SJUHHv!ìëëòày! 3JU[]!?J;KS!á!ìÉ!ïà!;QP;SC!BCI[;B;]KUS!KSbUQbC\!\UQ^>QC!U[!RCR>[;SC!>U^SB!RC]J;SC!RUSUUdeICS;\C! cJKQC!RCBK^R!?J;KS!á!ñÉ!íòà!BCI[;B;]KUS![CQe!US!\UQ^>QC!?e]U?J[URC!0ïñë!;SB!KS]CI[;Q!RCR>[;SC!SUSÉ JCRC!K[US!RUSUUdeICS;\C\v!\^?J!;\!9QP y!4JC!Q;]]C[![CZ^K[C\!\UQ^>QC!CQC?][US!][;S\HC[!Y[U]CKS!S;RCB! [^>[CBUdKS!;SB![^>[CBUdKS![CB^?];\C!]U!][;S\HC[!CQC?][US!H[UR!.9#(!]U!CbCS]^;QQe![CB^?C!UdeICS!;SB! JeB[UdeQ;]C\!]JC!]C[RKS;Q!RC]JeQ!I[U^Y!UH!]JC! ;QP;SC! á2UOUv! ìëëöày! 3KRKQ;[Qev! ]JC! ?e]U?J[URC! 0ïñë! [CZ^K[C\! ;! HC[[CBUdKS! ;SB! ;! HC[[CBUdKS! [CB^?];\C! ]U! ][;S\HC[! CQC?][US! H[UR! .9#(! HU[! ;QP;SC! JeB[UdeQ;]KUS!áb;S! CKQCS!;SB!&^SJUHHv!ìëëñày!&U[!QUSI!?J;KS!á©!íòàv!^\C!UH!BCBK?;]CB!RUSUUdeICS;\C! QKPC! 9QR9! H[UR! 28>C:HD768H:F v! ;SB! ,;B9! H[UR! %:D768>AAIG ! á7;SI! ;SB! 3J;Uv! ìëíîày! 4JC! ICSURC! UH! ,A:>E=>AIG !B:GG>C:CG>G !-$íëì!?US];KS\!]JC!?e]U?J[URC!0ïñë!;SB!9QP !ICSC\!HU[!RCBK^R!?J;KS!;QP;SC! BCI[;B;]KUS!á'UQe\JKS!C]!;Qyv!ìëëìw!4U\J?J;PUb!C]!;Qyv!ìëíòàv!;\!cCQQ!;\!HU[! 2A86C>JDF6L57DF@IB:CG>G !3+ì! á3?JSCKPC[! C]! ;Qyv! ìëëów! 9;PKRUb! C]! ;Qyv! íööôà! ;SB! *6F>CD768H:F5 =M9FD86F7DCD8A6GH>8IG ! 30íò! á#^[;Sv! ìëíëà!á#^[;Sv!ìëíëày!!

4JC!>KU[CRCBK;]KUS!UH!UKQ!?US];RKS;]CB!CSbK[USRCS]!?;S!^\C!]JC\C!>;?]C[K;v!CK]JC[!>e!>KU;^IRCS];]KUS! cK]J! ]JC! ;BBK]KUS! UH! PSUcS! JeB[U?;[>US! BCI[;BKSI! >;?]C[K;! ]U! \^YYQCRCS]! ]JC! CdK\]KSI! RK?[U>K;Q! ?URR^SK]ev!U[!>e!>KU\]KR^Q;]KUS!UH!]JC!QU?;Q!JeB[U?;[>US!BCI[;BKSI!>;?]C[K;!cK]J!;BBK]KUS!UH!S^][KCS]\! ;SB!UdeICS!á3^O;!C]!;Qyv!ìëíïv!ìëíày! KUCQC?][U?JCRK?;Q!\e\]CR\!;[C!^\CB!]U!KS?[C;\C!]JCK[!S;]^[;Q![;]C!UH! JeB[U?;[>US!BCI[;B;]KUS!KS!\UKQ\!cK]J!;SUBC\!;\!CQC?][US!;??CY]U[!]U![CYQ;?C!]JC!UdeICS!cJK?J!?;S!>C! Z^K?PQe!BCYQC]CB!á-U[[K\!;SB!*KSv!ìëëòày! ;?]C[K;!^\CB!KS!]JC\C!CdYC[KRCS]\!;[C!;S;C[U>K?!>;?]C[K;!;>QC! ]U!UdKBKfC!JeB[U?;[>US!?URYU^SB!;SB!][;S\HC[!CQC?][US!Cd][;?CQQ^Q;[Qe!]U!;S!CQC?][UBC!á-U[[K\!C]!;Qyv! ìëëöày! 3URC! ]eYK?;Q! CQC?][UICSK?! >;?]C[K;! QKPC! %:D768H:F5 GEE y! ;[C! ;>QC! ]U! BCI[;BC! JeB[U?;[>US! ?URYU^SB! ;SB! ][;S\HC[! CQC?][US! ]U! ;S! ;SUBC! á:J;SI! C]! ;Qyv! ìëíëw! :JU^! C]! ;Qyv! ìëíóày! )S! ]JC\C! >KU[CRCBK;]KUS!?USBK]KUS\v!>;?]C[K;!^\C!;S!;SUBC!;\!CQC?][US!;??CY]U[v! >P:P !]JCe!;[C!CQC?][UICSK?!;SB!SU]! CQC?][U][UYJK?y! .USC]JCQC\\v! K]! J;\! >CCS! \JUcS! ]J;]! %P5 GIA;IFF:9I8:CG ! ;SB! /P5 DC:>9:CG>G !;[C!;>QC!]U! \cK]?J! H[UR! ;S! CQC?][UICSK?! ]U! ;S! CQC?][U][UYJK?! RC];>UQK\Ry! (CS?C! K]!K\! YU\\K>QC! ]J;]! JeB[U?;[>US!

íìì!! #)3!533)/.!9.#!0$230$!4)6$3 ! !

BCI[;BKSI!>;?]C[K;!?U^QB!^\C!;SUBC\!]U![CbC[\C!]JCK[!Cd][;?CQQ^Q;[!CQC?][US!][;S\HC[!]U!B[;c!CQC?][US! H[UR!;!?;]JUBCy!!

)S!]JC!\;RC!QKSC!UH!CbKBCS?Cv!JeB[U?;[>US!BCI[;BKSI!>;?]C[K;!J;bC!>CCS!;\\U?K;]CB!cK]J!>KU?;]JUBC!;SB! cK]J!{ !6P!4CSBC[K;!CQC?][UYJ;I;|!á7;SIv!ìëíñ>ày! *6F>CD768H:F !á7;SI!C]!;Qyv!ìëíñ;àv! )67F:CN>6 !á7;SI!C]! ;Qyv! ìëíóàv! ;SB! 2A86C>JDF68:6: ! á7;SIv! ìëíñ>à! cC[C! ;QQ! HU^SB! KS! ]JC! { !6P! 4CSBC[K;! CQC?][UYJ;I;|! CS[K?JRCS]!?URR^SK]ey!4JC!K\UQ;]CB! *6F>CD768H:F !c;\!CbCS!;>QC!]U!HU[R!;!>KUHKQR!US!?;]JUBC! ;SB! Y[UB^?C!;!R;dKR^R!?^[[CS]!]J;]!c;\!]cU!U[BC[\!UH!R;ISK]^BC!QUcC[!]J;S!]JC!>KU?;]JUBC!?US\U[]K^R! á7;SI!C]!;Qyv!ìëíñ>ày!4JC![UQC!UH!JeB[U?;[>US!BCI[;BKSI!>;?]C[K;!KS!]JC!?US]Cd]!UH!CSSU>QCRCS]!K\!SU]! ?QC;[! eC]y! 9BBK]KUS;Q! cU[P! K\! [CZ^K[CB! ]U! CK]JC[! Y[UbC! U[! KSb;QKB;]C! ]JC! [UQC! UH! ]JC\C! >;?]C[K;! cK]J! CSSU>QCRCS]y

! íìî! !

!

!

! !

! !

!

!

!

!

!

! !!/.!,53)/.3! !

! !

! !/.!,53)/.3!É!$.',)3(!6$23)/. ! ! !

4JC!\];KSQC\\!\]CCQ!CSSU>QCRCS]!J;\!>CCS!\]^BKCB!HU[!ïë!eC;[\v!>^]!HU[!]JC!HK[\]!]KRC!cC!^\CB!;!RUQC?^Q;[! RK?[U>K;Q!C?UQUIe!;YY[U;?J!]U!>C]]C[!^SBC[\];SB!]JC!RK?[UU[I;SK\R\!KSbUQbCB!;SB!]JCK[!RC];>UQK\R\! ;\\U?K;]CB!cK]J!]JK\!KS?[C;\C!UH!YU]CS]K;Q!cJK?J!CbCS]^;QQe!KS?[C;\C!]JC![K\P!UH!QU?;QKfCB!?U[[U\KUSy!9\!;! [C\^Q]v!cC!Y[UYU\CB!;!RUBCQ!]J;]!?;S!CdYQ;KS!]JC!CSSU>QCRCS]!>;\CB!US!CQC?][U][UYJK?!>;?]C[K;!;SB! ]JCK[!;>KQK]e!]U![CB^?C!UdeICS!cK]J!CQC?][US\!B[;cS!H[UR!]JC!\];KSQC\\!\]CCQ!Y;\\KbC!HKQRy!4JK\!JeYU]JC\K\! K\!\^YYU[]CB!>e!]JC!?;]JUBK?!BCYUQ;[Kf;]KUS!áCSJ;S?CB!UdeICS![CB^?]KUS![;]Cà![CYU[]CB!KS!]JC!QK]C[;]^[Cv! ;SB! ]JC! Y[C\CS?C! UH! ;S! /45! ;SB! ;! RC];ICSURCÉ;\\CR>QCB! ICSURC! ;HHKQK;]CB! ]U! { !6P! 4CSBC[K;! CQC?][UYJ;I;|v!;!PSUcS!CQC?][U][UYJK?!>;?]C[K;!CS[K?JCB!KS!;!>KU?;]JUBC!?URR^SK]ey!4JK\!RUBCQ!R^\]! >C! H^[]JC[! ]C\]CB! >e! HKSBKSI! U]JC[! CQC?][U][UYJ! ;\\U?K;]CB! cK]J! CSSU>QCRCS]! KS! U]JC[! ?USBK]KUS\ÇICUI[;YJK?;Q!QU?;QKf;]KUS\v!;SB!cK]J!Y^[C!?^Q]^[C!UH!CQC?][U][UYJK?!>;?]C[K;!US!\];KSQC\\!\]CCQ! ]U!?USHK[R!]JCK[![UQC!KS!RCBK;]KSI!CSSU>QCRCS]y!!

9!?J;QQCSIC!KS!CQC?][URK?[U>KUQUIe!K\!]U!IU!>CeUSB!]JC!]cU!RUBCQ!>;?]C[K;! %:D768H:F !;SB! /=:K6C:AA6 !]U! ;BB[C\\!]JC!];dUSURK?!;SB!RC?J;SK\]K?!BKbC[\K]e!UH!CQC?][U;?]KbC!>;?]C[K;v!>^]!;Q\U!CQ^?KB;]C!]JCK[![UQC! KS!]JC!CSbK[USRCS]!á.C;Q\US!;SB!2UcCv!ìëíóày!!^[[CS]Qe!]JC!BKbC[\K]e!UH!CQC?][U][UYJK?!>;?]C[K;![CR;KS! YUU[Qe!CdYQU[CB!á,UI;S!C]!;Qyv!ìëíöà!cJKQC!b;[KU^\!CSbK[USRCS]\!\^K];>QC!HU[!]JCK[!QKHC\]eQC!J;bC!>CCS! KBCS]KHKCB!QKPC!JeB[U]JC[R;Q!bCS]\!\e\]CR!á$RC[\USv!ìëíóà!U[!R;[KSC!\CBKRCS]\!á#;QC!C]!;Qyv!ìëíñà!cJK?J! J;bC!?USB^?]KbC!RKSC[;Q!\^?J!;\!K[US!UdKBC\y!/^[!KBCS]KHK?;]KUS!UH!;S!CQC?][U][UYJK?!>;?]C[K;!KS!UYCS! ?K[?^K]!?USBK]KUSv!;\!UYYU\CB!]U!>KUCQC?][U?JCRK?;Q!\e\]CRv!UHHC[\!SCc!YC[\YC?]KbC\!;>U^]!]JCK[!;>KQK]e! ]U!^\C\!?USB^?]KbC!\^[H;?C!KS!S;]^[;Q!CSbK[USRCS]\!;SB!]JCK[![UQC!KS!>KUICU?JCRK?;Q!Y[U?C\\v!C\YC?K;QQe! cK]J! ;S! ;>KQK]e! ]U! HKd! ?;[>US! BKUdKBC! ;SB! ]JC[CHU[C! Y[UbKBC! U[I;SK?! R;]]C[! ]U! \^\];KS! JC]C[U][UYJK?! >;?]C[K;y!

7C! \^??C\\H^QQe! BCbCQUYCB! ;! Y[U]U?UQ! ]U! KBCS]KHe! ]JC! CQC?][U][UYJK?! >;?]C[K;! Y[C\CS]! B^[KSI! CSSU>QCRCS]y!4JK\![CY[C\CS]\!;!SCc!]UUQ!]U!KSbC\]KI;]C!]JC!Y[C\CS?C!UH!]JC\C!>;?]C[K;!KS!;QQ!?USBK]KUS\! ]JC!CSSU>QCRCS]!?;S!>C!U>\C[bCB!]U!\^YYU[]!;SB!?USHK[R!U^[!RUBCQv!>^]!;Q\U!]U!CdYQU[C!]JC!BKbC[\K]e! UH!CQC?][U][UYJK?!>;?]C[K;!;SB!KS?[C;\C!U^[!PSUcQCBIC!US!]JC\C!>;?]C[K;!KSHQ^CS?KSI!CSSU>QCRCS]y!!

íìó!! !/.!,53)/.3!É!$.',)3(!6$23)/. ! !

4JK\! K\! ]JC! HK[\]! ]KRC! ]J;]! ]JC! KRYU[];S?C! UH! CQC?][U][UYJK?! >;?]C[K;! KS! CSSU>QCRCS]! J;\! >CCS! KSbC\]KI;]CBy!4JK\!cU[P\![CY[C\CS]!]JC!>;\K\!HU[!H^]^[C!\]^BKC\!BCBK?;]CB!]U!]JC!KBCS]KHK?;]KUS!UH!YU\\K>QC! \UQ^]KUS!]U!;bUKB!]JC!CSSU>QCRCS]y!&^]^[C!cU[P\!\JU^QB!HU?^\!US!]JC!CQC?][U][UYJK?!>;?]C[K;!;SB!]JCK[! RC];>UQK\R!]U!BC\KIS!\UQ^]KUS\!;SB!CbCS]^;QQe!\CQC?]KbCQe! Y[CbCS]! ]JCK[! ;?]KbK]ev! JCS?C! Y[CbCS]! ]JC! CSSU>QCRCS]!;SB!]JC!KSJC[CS]![K\P!UH!QU?;QKfCB!?U[[U\KUSy!

!

!

!

!

!

.#01-,=*+.#01.#!2(4#1 +

9S!KRYU[];S]!;\YC?]!UH!]JK\!cU[P!c;\!]JC!HK[\]!?UQQ;>U[;]KUS!>C]cCCS!]JC!,;>U[;]U[e!UH!-K?[U>KUQUIe!UH! $d][CRC! $SbK[USRCS]\! ;SB! ]JC! &[CS?J! !U[[U\KUS! )S\]K]^]Cy! -e! ?J;QQCSIC! c;\! ]U! ;\\U?K;]C! ]JC! PSUcQCBIC\! ;SB! \PKQQ\! UH! RK?[U>KUQUIe! ;SB! CQC?][U?JCRK\][e! UH! \];KSQC\\! \]CCQ! ]U! BC\KIS! RC;SKSIH^Q! CdYC[KRCS]\y!.U]JKSI!J;B!>CCS!BUSC!>C]cCCS!]JC!]cU!KS\]K]^]C\!>CHU[Cv!\U!cC!J;B!]U!?[C;]C!CbC[e]JKSIv! HU[R! ]JC! RK?[U>K;Q! ?UQQC?]KUS! US! \];KSQC\\!\]CCQ! ]U! ]JC! >KUKSHU[R;]K?! YKYCQKSC! US! U^[! Q;>! \C[bC[y! 4JK\! ?UQQ;>U[;]KUS!\^??C\\H^QQe!QCB!]U!]JC!KBCS]KHK?;]KUS!UH!]JC!>;?]C[K;!;\\U?K;]CB!cK]J!CSSU>QCRCS]v!;SB!cC! Y[UYU\CB!;!SCc!CdYQ;S;]KUS!HU[!]JC!CSSU>QCRCS]!cK]J!CQC?][U][UYJK?!>;?]C[K;!]J;]!cU^QB![CB^?C!UdeICS! cK]J!CQC?][US!B[;cS!H[UR!]JC!\];KSQC\\!\]CCQ!Y;\\KbC!HKQRy!

)S!]JC!CSBv!H[UR!RK?[U>KUQUIe!]U!CQC?][U?JCRK\][ev!CbC[e]JKSI!K\!;>U^]!CQC?][US!][;S\HC[y!

! íìò! !/.!,53)/.3!Ñ!6$23)/.!&29."9)3$ ! !

!CQ;!H;K]!ïë!;S\!Z^C!Q|;SU>QK\\CRCS]!BC!Q|;?KC[!KSUdeB;>QC!C\]!E]^BKEv!C]!YU^[!Q;!Y[CRKD[C!HUK\!SU^\!;bUS\! ^]KQK\E!^SC!;YY[U?JC!BC!>KUQUIKC!RUQE?^Q;K[C!C]!B|E?UQUIKC!RK?[U>KCSSC!YU^[!RKC^d!?URY[CSB[C!Z^CQ\! RK?[UU[I;SK\RC\v!;KS\K!Z^C!QC^[\!RE];>UQK\RC\v!\US]!KRYQKZ^E\!B;S\!Q|EQEb;]KUS!B^!YU]CS]KCQ!QK>[C!Z^K! ;^IRCS]C!QC\![K\Z^C\!BC!?U[[U\KUS!QU?;QK\Ey!!|C\]!;KS\K!Z^Cv!YU^[!CdYQKZ^C[!Q|;SU>QK\\CRCS]v!SU^\!;bUS\! Y[UYU\E!^S!RUBDQC!>;\E!\^[!BC\!>;?]E[KC\!EQC?][U][UYJC\!C]!QC^[!?;Y;?K]E!QCy! !C]]C! JeYU]JD\C! C\]! [CSHU[?EC! Y;[! Q;! BEYUQ;[K\;]KUS! ?;]JUBKZ^C! á;^IRCS];]KUS! B^! ];^d! BC! [EB^?]KUS! BC! Q|UdeIDSCà! BEOQ;IC!RE];IESURKZ^C!;HHKQKE!;?]E[KC!EQC?][U][UYJC!CS[K?JKC!B;S\!^SC!?URR^S;^]E!>;?]E[KCSSC!\^[! ^SC!>KU?;]JUBCy!!C!RUBDQC!BUK]!F][C!RK\!;?]E[KC\!EQC?][U][UYJC\! ;\\U?KE!QK\\CRCS]!B;S\!B|;^][C\!?USBK]KUS\!C]!;^][C\!fUSC\!IEUI[;YJKZ^C\v!C]!Y;[!Q|^]KQK\;]KUS!BC! ?^Q]^[C!Y^[C!BC!>;?]E[KC\!EQC?][U][UYJC\!YU^[!?USHK[RC[!QC^[![WQC!B;S\!Q|;SU>QK\\CRCS]y!!

,C!Y[U?J;KS!BEHK!CS!EQC?][UÉRK?[U>KUQUIKC!\C[;!BC!BEY;\\C[!QC\!BC^d!RUBDQC\!Z^C!\US]!'CU>;?]C[!;SB! 3JCc;SCQQ;!YU^[!\|KS]E[C\\C[!;?]E[KC!EQC?][U;?]KbC\v! R;K\!;^\\K!CdYQU[C[!QC^[![WQC!B;S\!Q|CSbK[USSCRCS]!á.C;Q\US!;SB!2UcCv!ìëíóày!9?]^CQQCRCS]v!Q;!BKbC[\K]E! BC\! >;?]E[KC\! EQC?][U][UYJC\! C\]! YC^! ?USS^C! á,UI;S! C]! ;Qyv! ìëíöà! R;QI[E! Q|KBCS]KHK?;]KUS! B|CSbK[USSCRCS]\!Y[UYK?C\!UQK\RC!?URRC!!QC\!?JCRKSEC\!JeB[U]JC[R;QC\!á$RC[\USv!ìëíóà! U^!QC\!\EBKRCS]\!R;[KS\!á#;QC!C]!;Qyv!ìëíñà!U_!Q|US!][U^bC!BC\!RKSE[;^d!?USB^?]C^[\!?URRC!QC\!UdeBC\! BC!HC[y!,;!Y[E\CS?C!B|^SC! >;?]E[KC!EQC?][U][UYJC!CS!?USBK]KUS!BC!YU]CS]KCQ!QK>[Cv!Y;[!UYYU\K]KUS! ;^d! \e\]DRC!>KUÉEQC?][U?JKRKZ^C\v!UHH[C!BC!SU^bCQQC\!YC[\YC?]KbC\!KUIEU?JKRKZ^C\y! 3^[]U^]!;bC?!^SC!?;Y;?K]E!USCv! C]! BUS?! ;YYU[]C[! BC! Q;! R;]KD[C! U[I;SKZ^C!YU^[!QC\!>;?]E[KC\!JE]E[U][UYJC\y!

.U^\!;bUS\![E^\\K!;?]E[KC\!EQC?][U][UYJC\!Y[E\CS]C\! YCSB;S]!Q|;SU>QK\\CRCS]y!!CQ;![CY[E\CS]C!^S!SU^bCQ!U^]KQ!YU^[!E]^BKC[!Q;!Y[E\CS?C!BC!?C\!>;?]E[KC\!B;S\! ]U^]C\!QC\!?USBK]KUS\!?URY;]K>QC\!;bC?!Q|;SU>QK\\CRCS]!YU^[!\U^]CSK[!C]!?USHK[RC[!SU][C!RUBDQCv!R;K\!

íìô!! !/.!,53)/.3!É6 $23)/.!&29."9)3$ ! !

;^\\K!CdYQU[C[!Q;!BKbC[\K]E!BC\!>;?]E[KC\!EQC?][U][UYJC\!C]!;REQKU[C[!SU\!?USS;K\\;S?C\!\^[!?C\!>;?]E[KC\! ?;Y;>QC\!B|KSB^K[C!Q|;SU>QK\\CRCS]y!

!|C\]! Q;! Y[CRKD[C! HUK\! Z^C! Q|KRYU[];S?C! BC\! >;?]E[KC\!EQC?][U][UYJC\!C\]!E]^BKE!B;S\!QC!?US]Cd]C!BC! Q|;SU>QK\\CRCS]y! !C\! ][;b;^d! [CY[E\CS]CS]! QC! HUSBCRCS]! YU^[! BC! H^]^[C! E]^BC\! BEBKEC\! ;^! BEbCQUYYCRCS]!BC!\UQ^]KUS\!?US][C!Q|;SU>QK\\CRCS]y!,C\!Y[U?J;KSC\!E]^BC\!YU^[[US]!F][C!BK[KIEC\!bC[\! QC\! >;?]E[KC\! EQC?][U][UYJC\! C]! QC^[\! RE];>UQK\RC\! YU^[! ?US?CbUK[! BC\! \UQ^]KUS\! YU^[! KSJK>C[! QC^[! ?[UK\\;S?C!BC!R;SKD[C!\EQC?]KbCv!C]!BUS?!KSJK>C[!Q|;SU>QK\\CRCS]!C]!QC![K\Z^C!BC!?U[[U\KUS!QU?;QK\ECy!!

!

!

!

.#01.#!2(4#1+.#01-,,#**#1 +

5S! ;\YC?]! KRYU[];S]! BC! ?C]]C! ]JD\C! C\]! Q;! ?UQQ;>U[;]KUS! CS][C! QC! ,;>U[;]UK[C! BC! -K?[U>KUQUIKC! BC\! $SbK[USSCRCS]\!$d][FRC\!C]!Q|)S\]K]^]!BC!Q;!!U[[U\KUSy!-US!BEHK!E];K]!B|;\\U?KC[!QC\!?USS;K\\;S?C\!C]! ?URYE]CS?C!BC!RK?[U>KUQUIKC!C]!EQC?][U?JKRKC!BC\!;?KC[\!KSUdeB;>QC\!YU^[!Y[UYU\C[!BC\!CdYE[KCS?C\! YC[]KSCS]C\y!!|C\]!Q;!Y[CRKD[C!HUK\!Z^C!QC\!BC^d!KS\]K]^]\!US]!?UQQ;>U[Ev!KQ!;!BUS?!H;QQ^!]U^]!RC]][C!CS! YQ;?C!x! B^! Y[U]U?UQC! BC! ?UQQC?]KUS! BC\! >;?]E[KC\! \^[! QC\! ;?KC[\! KSUdeB;>QC\v! KUKSHU[R;]KZ^Cy! !C]]C! ?UQQ;>U[;]KUS! ;! YC[RK\! Q|KBCS]KHK?;]KUS! BC\! >;?]E[KC\! ;\\U?KEC\! QK\\CRCS]v! C]! SU^\! ;bUS\! Y^! Y[UYU\C[! ^SC! SU^bCQQC! CdYQK?;]KUS! ;^! YJESURDSC!;bC?!BC\!>;?]E[KC\!EQC?][U][UYJC\!Z^K!\C[;KCS]!?;Y;>QC\!BC![EB^K[C!BC!Q|UdeIDSC!;bC?!BC\! EQC?][US\!Y[UbCS;S]!B^!HKQR!Y;\\KH!BC!Q|;?KC[!KSUdeB;>QCy!!

0U^[![E\^RC[v!BC!Q;!RK?[U>KUQUIKC!

! íìö! !

íîë!! !

!

!

!

!

! !2$&$2$.!$3! ! !

! 2$&$2$.!$3 ! !

Acuña, N., Ortega-Morales, B. O., and Valadez-González, A. (2006). Colonization Dynamics and Its Influence on the Corrosion Resistance of Austenitic UNS S31603 Stainless Steel Exposed to Gulf of Mexico Seawater. Mar Biotechnol 8, 62–70. doi:10.1007/s10126-005-5145-7.

Ahmad, Z. (2006). “CHAPTER 3 - CORROSION KINETICS,” in Principles of Corrosion Engineering and Corrosion Control , ed. Z. Ahmad (Oxford: Butterworth-Heinemann), 57–119. doi:10.1016/B978- 075065924-6/50004-0.

Alneberg, J., Bjarnason, B. S., de Bruijn, I., Schirmer, M., Quick, J., Ijaz, U. Z., et al. (2014). Binning metagenomic contigs by coverage and composition. Nature Methods 11, 1144–1146. doi:10.1038/nmeth.3103.

Amaya, H., and Miyuki, H. (1994). Mechanism of Microbially Influenced Corrosion on Stainless-Steels in Natural Seawater. J. Jpn. Inst. Met. 58, 775–781.

Audouard, J. P., Compere, C., Dowlilng, N. J. E., Feron, D., Festy, D., Mollica, A., et al. (1994). Effect of marine biofilms on high performance stainless steels exposed in European coastal waters. in Microbial Corrosion: Proceedings of the 3 rd International EFC Workshop , 198–210.

Baker, P. W., Ito, K., and Watanabe, K. (2003). Marine prosthecate involved in the ennoblement of stainless steel. Environmental Microbiology 5, 925–932. doi:10.1046/j.1462-2920.2003.00489.x.

Balvo čiūtė, M., and Huson, D. H. (2017). SILVA, RDP, Greengenes, NCBI and OTT — how do these taxonomies compare? BMC Genomics 18, 114. doi:10.1186/s12864-017-3501-4.

Barco, R. A., Emerson, D., Sylvan, J. B., Orcutt, B. N., Jacobson Meyers, M. E., Ramírez, G. A., et al. (2015). New Insight into Microbial Iron Oxidation as Revealed by the Proteomic Profile of an Obligate Iron-Oxidizing Chemolithoautotroph. Appl Environ Microbiol 81, 5927–5937. doi:10.1128/AEM.01374- 15.

Bardal, E., Drugli, J. M., and Gartland, P. O. (1993). The behaviour of corrosion-resistant steels in seawater: A review. Corrosion Science 35, 257–267. doi:10.1016/0010-938X(93)90157-C.

Bergel, A., Féron, D., and Mollica, A. (2005). Catalysis of oxygen reduction in PEM fuel cell by seawater

íîì!! 2$&$2$.!$ ! ! biofilm. Electrochemistry Communications 7, 900–904. doi:10.1016/j.elecom.2005.06.006.

Bird, L. J., Bonnefoy, V., and Newman, D. K. (2011). Bioenergetic challenges of microbial iron metabolisms. Trends in Microbiology 19, 330–340. doi:10.1016/j.tim.2011.05.001.

Bond, D. R., and Lovley, D. R. (2003). Electricity Production by Geobacter sulfurreducens Attached to Electrodes. Appl. Environ. Microbiol. 69, 1548–1555. doi:10.1128/AEM.69.3.1548-1555.2003.

Bose, A., Gardel, E. J., Vidoudez, C., Parra, E. A., and Girguis, P. R. (2014). Electron uptake by iron- oxidizing phototrophic bacteria. Nature Communications 5, 3391. doi:10.1038/ncomms4391.

Bowers, R. M., Kyrpides, N. C., Stepanauskas, R., Harmon-Smith, M., Doud, D., Reddy, T. B. K., et al. (2017). Minimum information about a single amplified genome (MISAG) and a metagenome-assembled genome (MIMAG) of bacteria and . Nature Biotechnology 35, 725–731. doi:10.1038/nbt.3893.

Braughton, K. R., Lafond, R. L., and Lewandowski, Z. (2001). The influence of environmental factors on the rate and extent of stainless steel ennoblement mediated by manganese !oxidizing biofilms. Biofouling 17, 241–251. doi:10.1080/08927010109378483.

Brown, E. A., Chain, F. J. J., Crease, T. J., MacIsaac, H. J., and Cristescu, M. E. (2015). Divergence thresholds and divergent biodiversity estimates: can metabarcoding reliably describe zooplankton communities? Ecol Evol 5, 2234–2251. doi:10.1002/ece3.1485.

Brutinel, E. D., and Gralnick, J. A. (2012). Shuttling happens: soluble flavin mediators of extracellular electron transfer in Shewanella. Appl Microbiol Biotechnol 93, 41–48. doi:10.1007/s00253-011-3653-0.

Brzeszcz, J., and Kaszycki, P. (2018). Aerobic bacteria degrading both n-alkanes and aromatic hydrocarbons: an undervalued strategy for metabolic diversity and flexibility. Biodegradation 29, 359– 407. doi:10.1007/s10532-018-9837-x.

Buchfink, B., Xie, C., and Huson, D. H. (2015). Fast and sensitive protein alignment using DIAMOND. Nat Meth 12, 59–60. doi:10.1038/nmeth.3176.

Callahan, B. J., McMurdie, P. J., Rosen, M. J., Han, A. W., Johnson, A. J. A., and Holmes, S. P. (2016).

! íîî! 2$&$2$.!$3 ! !

DADA2: High-resolution sample inference from Illumina amplicon data. Nat Meth advance online publication. Available at: http://dx.doi.org/10.1038/nmeth.3869.

Campbell, J. H., O’Donoghue, P., Campbell, A. G., Schwientek, P., Sczyrba, A., Woyke, T., et al. (2013). UGA is an additional glycine codon in uncultured SR1 bacteria from the human microbiota. PNAS 110, 5540–5545. doi:10.1073/pnas.1303090110.

Canstein, H. von, Ogawa, J., Shimizu, S., and Lloyd, J. R. (2008). Secretion of Flavins by Shewanella Species and Their Role in Extracellular Electron Transfer. Appl. Environ. Microbiol. 74, 615–623. doi:10.1128/AEM.01387-07.

Charles, J. (1991). Super Duplex Stainless Steels: Structure and Properties. Proc. Conf. Duplex Stainless Steels ’91 , 3–48.

Cheng, K. Y., Ho, G., and Cord-Ruwisch, R. (2010). Anodophilic biofilm catalyzes cathodic oxygen reduction. Environ. Sci. Technol. 44, 518–525. doi:10.1021/es9023833.

Cheng, S., Xing, D., Call, D. F., and Logan, B. E. (2009). Direct Biological Conversion of Electrical Current into Methane by Electromethanogenesis. Environ. Sci. Technol. 43, 3953–3958. doi:10.1021/es803531g.

Clauwaert, P., Rabaey, K., Aelterman, P., De Schamphelaire, L., Pham, T. H., Boeckx, P., et al. (2007). Biological Denitrification in Microbial Fuel Cells. Environ. Sci. Technol. 41, 3354–3360. doi:10.1021/es062580r.

Coursolle, D., and Gralnick, J. A. (2012). Reconstruction of Extracellular Respiratory Pathways for Iron(III) Reduction in Shewanella Oneidensis Strain MR-1. Front. Microbiol. 3. doi:10.3389/fmicb.2012.00056.

Courtine, D. (2017). Génomique comparative d’isolats phylogénétiquement proches appartenant au genre Thermococcus, une archée hyperthermophile.

Dale, A. W., Nickelsen, L., Scholz, F., Hensen, C., Oschlies, A., and Wallmann, K. (2015). A revised global estimate of dissolved iron fluxes from marine sediments. Global Biogeochemical Cycles 29, 691–

íîï!! 2$&$2$.!$ ! !

707. doi:10.1002/2014GB005017.

Das, N., and Chandran, P. (2011). Microbial degradation of petroleum hydrocarbon contaminants: an overview. Biotechnol Res Int 2011, 941810. doi:10.4061/2011/941810.

Debuy, S., Pecastaings, S., Bergel, A., and Erable, B. (2015). Oxygen-reducing biocathodes designed with pure cultures of microbial strains isolated from seawater biofilms. Int. Biodeterior. Biodegrad. 103, 16– 22. doi:10.1016/j.ibiod.2015.03.028.

Desmond-Le Quéméner, E., Rimboud, M., Bridier, A., Madigou, C., Erable, B., Bergel, A., et al. (2016). Biocathodes reducing oxygen at high potential select biofilms dominated by Ectothiorhodospiraceae populations harboring a specific association of genes. Bioresource Technology 214, 55–62. doi:10.1016/j.biortech.2016.04.087.

Dexter, S. C., and Chandrasekaran, P. (2000). Direct measurement of ph within marine biofilms on passive metals. Biofouling 15, 313–325. doi:10.1080/08927010009386321.

Dickinson, W. H., Caccavo Jr, F., and Lewandowski, Z. (1996). The ennoblement of stainless steel by manganic oxide biofouling. Corrosion Science 38, 1407–1422. doi:10.1016/0010-938X(96)00031-5.

Dickinson, W. H., and Lewandowski, Z. (1998). Electrochemical concepts and techniques in the study of stainless steel Ennoblement. Biodegradation 9, 11–21. doi:10.1023/A:1008223930984.

Dupont, I., Féron, D., and Novel, G. (1997). Influence de facteurs inorganiques sur l’évolution du potentiel des aciers inoxydables en eau de mer naturelle. Matériaux & Techniques 85, 41–46. doi:10.1051/mattech/199785110041.

Dupont, I., Féron, D., and Novel, G. (1998). Effect of glucose oxidase activity on corrosion potential of stainless steels in seawater. International Biodeterioration & Biodegradation 41, 13–18. doi:10.1016/S0964-8305(98)80003-6.

Duran, R. (2010). “Marinobacter,” in Handbook of Hydrocarbon and Lipid Microbiology , ed. K. N. Timmis (Berlin, Heidelberg: Springer Berlin Heidelberg), 1725–1735. doi:10.1007/978-3-540-77587- 4_122.

! íîñ! 2$&$2$.!$3 ! !

Eashwar, M., and Maruthamuthu, S. (1995). Mechanism of biologically produced ennoblement: Ecological perspectives and a hypothetical model. Biofouling 8, 203–213. doi:10.1080/08927019509378273.

Eashwar, M., Maruthamuthu, S., Palanichamy, S., and Balakrishnan, K. (1995a). Sunlight irradiation of seawater eliminates ennoblement !causation by biofilms. Biofouling 8, 215–221. doi:10.1080/08927019509378274.

Eashwar, M., Maruthamuthu, S., Sathiyanarayanan, S., and Balakrishnan, K. (1995b). The ennoblement of stainless alloys by marine biofilms: The neutral pH and passivity enhancement model. Corrosion Science 37, 1169–1176. doi:10.1016/0010-938X(94)00166-4.

Eddie, B. J., Wang, Z., Hervey, W. J., Leary, D. H., Malanoski, A. P., Tender, L. M., et al. (2017). Metatranscriptomics Supports the Mechanism for Biocathode Electroautotrophy by “Candidatus Tenderia electrophaga.” mSystems 2. doi:10.1128/mSystems.00002-17.

Eddie, B. J., Wang, Z., Malanoski, A. P., Hall, R. J., Oh, S. D., Heiner, C., et al. (2016). “Candidatus Tenderia electrophaga”, an uncultivated electroautotroph from a biocathode enrichment. Int. J. Syst. Evol. Microbiol. 66, 2178–2185. doi:10.1099/ijsem.0.001006.

El-Gebali, S., Mistry, J., Bateman, A., Eddy, S. R., Luciani, A., Potter, S. C., et al. (2019). The Pfam protein families database in 2019. Nucleic Acids Res 47, D427–D432. doi:10.1093/nar/gky995.

Emerson, D. (2016). The Irony of Iron – Biogenic Iron Oxides as an Iron Source to the Ocean. Frontiers in Microbiology 6. doi:10.3389/fmicb.2015.01502.

Emerson, D., Field, E., Chertkov, O., Davenport, K., Goodwin, L., Munk, C., et al. (2013). Comparative genomics of freshwater Fe-oxidizing bacteria: implications for physiology, ecology, and systematics. Front. Microbiol. 4. doi:10.3389/fmicb.2013.00254.

Emerson, D., Fleming, E. J., and McBeth, J. M. (2010). Iron-Oxidizing Bacteria: An Environmental and Genomic Perspective. Annu. Rev. Microbiol. 64, 561–583. doi:10.1146/annurev.micro.112408.134208.

Emerson, D., Rentz, J. A., Lilburn, T. G., Davis, R. E., Aldrich, H., Chan, C., et al. (2007). A Novel

íîó!! 2$&$2$.!$ ! !

Lineage of Proteobacteria Involved in Formation of Marine Fe-Oxidizing Microbial Mat Communities. PLOS ONE 2, e667. doi:10.1371/journal.pone.0000667.

Erable, B., Vandecandelaere, I., Faimali, M., Delia, M.-L., Etcheverry, L., Vandamme, P., et al. (2010). Marine aerobic biofilm as biocathode catalyst. Bioelectrochemistry 78, 51–56. doi:10.1016/j.bioelechem.2009.06.006.

Eren, A. M., Esen, Ö. C., Quince, C., Vineis, J. H., Morrison, H. G., Sogin, M. L., et al. (2015). Anvi’o: an advanced analysis and visualization platform for ‘omics data. PeerJ 3, e1319. doi:10.7717/peerj.1319.

Eren, A. M., Maignien, L., Sul, W. J., Murphy, L. G., Grim, S. L., Morrison, H. G., et al. (2013a). Oligotyping: Differentiating between closely related microbial taxa using 16S rRNA gene data. Methods Ecol Evol 4. doi:10.1111/2041-210X.12114.

Eren, A. M., Morrison, H. G., Lescault, P. J., Reveillaud, J., Vineis, J. H., and Sogin, M. L. (2014). Minimum entropy decomposition: Unsupervised oligotyping for sensitive partitioning of high-throughput marker gene sequences. The ISME Journal . doi:10.1038/ismej.2014.195.

Eren, A. M., Vineis, J. H., Morrison, H. G., and Sogin, M. L. (2013b). Correction: A Filtering Method to Generate High Quality Short Reads Using Illumina Paired-End Technology. PLoS ONE 8, 10.1371/annotation/afa5c40d-c604-46ae-84c4-82cb921. doi:10.1371/annotation/afa5c40d-c604-46ae- 84c4-82cb92193a5e.

Espelid, B. (2003). Development of a new crevice corrosion qualification test for stainless steels. in (Maastricht: KCI Publishing), 457–462.

Faimali, M., Chelossi, E., Pavanello, G., Benedetti, A., Vandecandelaere, I., De Vos, P., et al. (2010). Electrochemical activity and bacterial diversity of natural marine biofilm in laboratory closed-systems. Bioelectrochemistry 78, 30–38. doi:10.1016/j.bioelechem.2009.04.012.

Falkland, M.-L., Glaes, M., and Liljas, M. (2011). “Duplex Stainless Steels,” in Uhlig’s Corrosion Handbook (John Wiley & Sons, Ltd), 695–706. doi:10.1002/9780470872864.ch52.

Ferguson, S. J., and Ingledew, W. J. (2008). Energetic problems faced by micro-organisms growing or

! íîò! 2$&$2$.!$3 ! ! surviving on parsimonious energy sources and at acidic pH: I. Acidithiobacillus ferrooxidans as a paradigm. Biochimica et Biophysica Acta (BBA) - Bioenergetics 1777, 1471–1479. doi:10.1016/j.bbabio.2008.08.012.

Féron, D. (2005). Comportement des aciers en environnement naturel : cas des aciers inoxydables en eau de mer. Mater. Tech. 93, s.43-s.58. doi:10.1051/mattech:2006004.

Fierer, N., and Jackson, R. B. (2006). The diversity and biogeography of soil bacterial communities. Proc. Natl. Acad. Sci. U.S.A. 103, 626–631. doi:10.1073/pnas.0507535103.

Fiers, W., Contreras, R., Duerinck, F., Haegeman, G., Iserentant, D., Merregaert, J., et al. (1976). Complete nucleotide sequence of bacteriophage MS2 RNA: primary and secondary structure of the replicase gene. Nature 260, 500. doi:10.1038/260500a0.

Galperin, M. Y., Makarova, K. S., Wolf, Y. I., and Koonin, E. V. (2014). Expanded microbial genome coverage and improved protein family annotation in the COG database. Nucl. Acids Res. , gku1223. doi:10.1093/nar/gku1223.

Geiser, M., Avci, R., and Lewandowski, Z. (2002). Microbially initiated pitting on 316L stainless steel. International Biodeterioration & Biodegradation 49, 235–243. doi:10.1016/S0964-8305(02)00050-1.

Golyshin, P. N., Chernikova, T. N., Abraham, W.-R., Lünsdorf, H., Timmis, K. N., and Yakimov, M. M. (2002). Oleiphilaceae fam. nov., to include Oleiphilus messinensis gen. nov., sp. nov., a novel marine bacterium that obligately utilizes hydrocarbons. Int. J. Syst. Evol. Microbiol. 52, 901–911.

Gorby, Y. A., Yanina, S., McLean, J. S., Rosso, K. M., Moyles, D., Dohnalkova, A., et al. (2006). Electrically conductive bacterial nanowires produced by Shewanella oneidensis strain MR-1 and other microorganisms. PNAS 103, 11358–11363. doi:10.1073/pnas.0604517103.

Goris, J., Konstantinidis, K. T., Klappenbach, J. A., Coenye, T., Vandamme, P., and Tiedje, J. M. (2007). DNA-DNA hybridization values and their relationship to whole-genome sequence similarities. Int. J. Syst. Evol. Microbiol. 57, 81–91. doi:10.1099/ijs.0.64483-0.

Graham, E. D., Heidelberg, J. F., and Tully, B. J. (2017). BinSanity: unsupervised clustering of

íîô!! 2$&$2$.!$ ! ! environmental microbial assemblies using coverage and affinity propagation. PeerJ 5, e3035. doi:10.7717/peerj.3035.

Gregory, K. B., Bond, D. R., and Lovley, D. R. (2004). Graphite electrodes as electron donors for anaerobic respiration. Environ. Microbiol. 6, 596–604. doi:10.1111/j.1462-2920.2004.00593.x.

Grubb, J. F. (2011). “Martensitic Stainless Steels,” in Uhlig’s Corrosion Handbook (John Wiley & Sons, Ltd), 707–714. doi:10.1002/9780470872864.ch53.

Gümpel, P., Arlt, N., Telegdi, J., Schiller, D., and Moos, O. (2006). Microbiological influence on the electro-chemical potential of stainless steel. Materials and Corrosion 57, 715–723. doi:10.1002/maco.200503962.

Hakkarainen, T. J. (2003). Microbiologically influenced corrosion of stainless steels - What is required for pitting? Materials and Corrosion 54, 503–509. doi:10.1002/maco.200390112.

Havn T. (1995). Material Engineering and Fabrication Experiences. paper 56, NACE CORROSION’95 .

Hobbie, J. E., Daley, R. J., and Jasper, S. (1977). Use of nuclepore filters for counting bacteria by fluorescence microscopy. Appl. Environ. Microbiol. 33, 1225–1228.

Holthe R. (1998). The Cathodic and Anodic Properties of Stainless Steels in Seawater.

Holthe, R., Bardal, E., and Gartland, P. O. (1989). Time dependence of cathodic properties of materials in seawater. Materials Performance 28, 16–23.

Holthe R., Bardal E., and Gartland P. O. (1989). Time Dependence of Cathodic Properties of Materials in Seawater. MP 28-6 .

Hunkapiller, T., Kaiser, R. J., Koop, B. F., and Hood, L. (1991). Large-scale and automated DNA sequence determination. Science 254, 59–67. doi:10.1126/science.1925562.

Huttunen-Saarivirta, E., Rajala, P., Marja-aho, M., Maukonen, J., Sohlberg, E., and Carpén, L. (2018). Ennoblement, corrosion, and biofouling in brackish seawater: Comparison between six stainless steel grades. Bioelectrochemistry 120, 27–42. doi:10.1016/j.bioelechem.2017.11.002. ! íîö! 2$&$2$.!$3 ! !

Hyatt, D., Chen, G.-L., LoCascio, P. F., Land, M. L., Larimer, F. W., and Hauser, L. J. (2010). Prodigal: prokaryotic gene recognition and translation initiation site identification. BMC Bioinformatics 11, 119. doi:10.1186/1471-2105-11-119.

International Human Genome Sequencing Consortium (2001). Initial sequencing and analysis of the human genome. Nature 409, 860–921. doi:10.1038/35057062.

Ishii, T., Kawaichi, S., Nakagawa, H., Hashimoto, K., and Nakamura, R. (2015). From chemolithoautotrophs to electrolithoautotrophs: CO2 fixation by Fe(II)-oxidizing bacteria coupled with direct uptake of electrons from solid electron sources. Front. Microbiol. 6. doi:10.3389/fmicb.2015.00994.

ISO (2015). Standard ISO 18070:2015. International Organization for Standardization . Available at: http://www.iso.org/cms/render/live/en/sites/isoorg/contents/data/standard/06/12/61290.html.

Jiao, Y., and Newman, D. K. (2007). The pio Operon Is Essential for Phototrophic Fe(II) Oxidation in Rhodopseudomonas palustris TIE-1. Journal of Bacteriology 189, 1765–1773. doi:10.1128/JB.00776-06.

Johnsen R. (1996). North Sea Experience with the use of Stainless Steels in Seawater Applications. EFC Publication N°. 19 .

Johnsen, R., and Bardal, E. (1985). Cathodic Properties of Different Stainless Steels in Natural Seawater. CORROSION 41, 296–302. doi:10.5006/1.3582007.

Johnsen R., and Bardal E. (1986). The Effect of a Microbiological Slime Layer on Stainless Steel in Natural Seawater. Corrosion 86, Houston .

Kanehisa, M., Sato, Y., and Morishima, K. (2016). BlastKOALA and GhostKOALA: KEGG Tools for Functional Characterization of Genome and Metagenome Sequences. Journal of Molecular Biology 428, 726–731. doi:10.1016/j.jmb.2015.11.006.

Kang, D. D., Froula, J., Egan, R., and Wang, Z. (2015). MetaBAT, an efficient tool for accurately reconstructing single genomes from complex microbial communities. PeerJ 3, e1165. doi:10.7717/peerj.1165.

íïë!! 2$&$2$.!$ ! !

Kim, D., Song, L., Breitwieser, F. P., and Salzberg, S. L. (2016). Centrifuge: rapid and sensitive classification of metagenomic sequences. Genome Res. 26, 1721–1729. doi:10.1101/gr.210641.116.

Kim, H. J., Hyun, M. S., Chang, I. S., and Kim, B. H. (1999). A microbial fuel cell type lactate biosensor using a metal-reducing bacterium, Shewanella putrefaciens. Journal of microbiology and biotechnology 9, 365–367. Available at: https://ukm.pure.elsevier.com/en/publications/a-microbial-fuel-cell-type- lactate-biosensor-using-a-metal-reduci [Accessed January 5, 2019].

Kim, M., Oh, H.-S., Park, S.-C., and Chun, J. (2014). Towards a taxonomic coherence between average nucleotide identity and 16S rRNA gene sequence similarity for species demarcation of . International Journal of Systematic and Evolutionary Microbiology 64, 346–351. doi:10.1099/ijs.0.059774-0.

Kolari, M., Mattila, K., Mikkola, R., and Salkinoja-Salonen, M. S. (1998). Community structure of biofilms on ennobled stainless steel in Baltic Sea water. J Ind Microbiol Biotech 21, 261–274. doi:10.1038/sj.jim.2900588.

Köster, J., and Rahmann, S. (2012). Snakemake—a scalable bioinformatics workflow engine. Bioinformatics 28, 2520–2522. doi:10.1093/bioinformatics/bts480.

Kruger, J. (2011). “Passivity,” in Uhlig’s Corrosion Handbook (John Wiley & Sons, Ltd), 151–155. doi:10.1002/9780470872864.ch12.

Landoulsi, J., Cooksey, K. E., and Dupres, V. (2011). Review - Interactions between diatoms and stainless steel: focus on biofouling and biocorrosion. Biofouling 27, 1105–1124. doi:10.1080/08927014.2011.629043.

Landoulsi, J., Dagbert, C., Richard, C., Sabot, R., Jeannin, M., El Kirat, K., et al. (2009). Enzyme-induced ennoblement of AISI 316L stainless steel: Focus on pitting corrosion behavior. Electrochimica Acta 54, 7401–7406. doi:10.1016/j.electacta.2009.07.073.

Landoulsi, J., El Kirat, K., Richard, C., Sabot, R., Jeannin, M., and Pulvin, S. (2008a). Glucose oxidase immobilization on stainless steel to mimic the aerobic activities of natural biofilms. Electrochim. Acta 54,

! íïí! 2$&$2$.!$3 ! !

133–139. doi:10.1016/j.electacta.2008.02.110.

Landoulsi, J., Genet, M. J., Richard, C., El Kirat, K., Rouxhet, P. G., and Pulvin, S. (2008b). Ennoblement of stainless steel in the presence of glucose oxidase: Nature and role of interfacial processes. Journal of Colloid and Interface Science 320, 508–519. doi:10.1016/j.jcis.2008.01.038.

Landoulsi, J., Kirat, K. E., Richard, C., Féron, D., and Pulvin, S. (2008c). Enzymatic Approach in Microbial-Influenced Corrosion: A Review Based on Stainless Steels in Natural Waters. Environ. Sci. Technol. 42, 2233–2242. doi:10.1021/es071830g.

Langmead, B., and Salzberg, S. L. (2012). Fast gapped-read alignment with Bowtie 2. Nat. Methods 9, 357–359. doi:10.1038/nmeth.1923.

Larché, N., Iken, H., and Thierry, D. (2011). Monitoring of seawater biofilms on stainless steel for corrosion risk assessment. in (Maastricht).

Larché, N., Thierry, D., Boillot, P., Cassagne, T., Blanc, J., Dézerville, J., et al. (2016). Crevice Corrosion Performance of High Grade Stainless Steels and Ni-Based Alloys in Natural and treated Seawater. NACE- 2016.

Larché N., Thierry D., Debout V., Blanc J., Cassagne T., Peultier J., et al. (2010). Crevice corrosion of duplex stainless steels in natural and chlorinated seawater. Duplex World 2010, Beaune, France, October 11-13 .

Larché, N., Thierry, D., Leballeur, C., Wijesingue, S. L., and Zixi, T. (2013). Evaluation of Corrosion Risks with the Use of High Alloy Stainless Steels in Seawater Applications –Effect of Service Conditions on Corrosion potential and Cathodic Efficiency. in Stainless Steel World (Maastricht, Netherlands).

Larché, N., Thierry, D., Leballeur, C., Wijesingue, S. L., and Zixi, T. (2015). Corrosion Risk for Stainless Steels in Tropical Seawaters. Stainl. Steel World .

Le Bozec, N. (2000). Reaction de reduction de l’oxygene sur les aciers inoxydables en eau de mer naturelle. Influence du biofilm sur les processus de corrosion. Available at: http://www.theses.fr/2000BRES2002 [Accessed June 5, 2018].

íïì!! 2$&$2$.!$ ! !

Le Bozec, N., Compère, C., L’Her, M., Laouenan, A., Costa, D., and Marcus, P. (2001). Influence of stainless steel surface treatment on the oxygen reduction reaction in seawater. Corrosion Science 43, 765– 786. doi:10.1016/S0010-938X(00)00113-X.

Leary, D. H., Hervey, W. J., Malanoski, A. P., Wang, Z., Eddie, B. J., Tender, G. S., et al. (2015). Metaproteomic evidence of changes in protein expression following a change in electrode potential in a robust biocathode microbiome. PROTEOMICS 15, 3486–3496. doi:10.1002/pmic.201400585.

Leballeur, C., Larché, N., and Thierry, D. (2015). Galvanic series in seawater as a function of temperature, oxygen content and chlorination. Stainless Steel World Conference .

Li, D., Luo, R., Liu, C.-M., Leung, C.-M., Ting, H.-F., Sadakane, K., et al. (2016). MEGAHIT v1.0: A fast and scalable metagenome assembler driven by advanced methodologies and community practices. Methods 102, 3–11. doi:10.1016/j.ymeth.2016.02.020.

Li, H., Handsaker, B., Wysoker, A., Fennell, T., Ruan, J., Homer, N., et al. (2009). The Sequence Alignment/Map format and SAMtools. Bioinformatics 25, 2078–2079. doi:10.1093/bioinformatics/btp352.

Liao, J., Fukui, H., Urakami, T., and Morisaki, H. (2010). Effect of biofilm on ennoblement and localized corrosion of stainless steel in fresh dam-water. Corrosion Science 52, 1393–1403. doi:10.1016/j.corsci.2010.01.012.

Linhardt, P. (2004). Microbially influenced corrosion of stainless steel by manganese oxidizing microorganisms. Materials and Corrosion 55, 158–163. doi:10.1002/maco.200303782.

Linhardt, P. (2006). MIC of stainless steel in freshwater and the cathodic behaviour of biomineralized Mn- oxides. Electrochimica Acta 51, 6081–6084. doi:10.1016/j.electacta.2005.12.056.

Little, B. J., Lee, J. S., and Ray, R. I. (2008). The influence of marine biofilms on corrosion: A concise review. Electrochimica Acta 54, 2–7. doi:10.1016/j.electacta.2008.02.071.

Little, B., Lee, J., Ray, R., Austin, S., and Biffinger, J. (2012). Ennoblement Due to Biofilms: Indicator for Potential Corrosion and Source of Electrical Energy. Recent Patents on Materials Science 6, 20–28.

! íïî! 2$&$2$.!$3 ! ! doi:10.2174/1874464811306010020.

Liu, J., Wang, Z., Belchik, S. M., Edwards, M. J., Liu, C., Kennedy, D. W., et al. (2012). Identification and Characterization of MtoA: A Decaheme c-Type Cytochrome of the Neutrophilic Fe(II)-Oxidizing Bacterium Sideroxydans lithotrophicus ES-1. Front. Microbiol. 3. doi:10.3389/fmicb.2012.00037.

Liu, Y., Wang, Z., Liu, J., Levar, C., Edwards, M. J., Babauta, J. T., et al. (2014). A trans-outer membrane porin-cytochrome protein complex for extracellular electron transfer by Geobacter sulfurreducens PCA. Environmental Microbiology Reports 6, 776–785. doi:10.1111/1758-2229.12204.

Logan, B. E., and Regan, J. M. (2006). Electricity-producing bacterial communities in microbial fuel cells. Trends in Microbiology 14, 512–518. doi:10.1016/j.tim.2006.10.003.

Logan, B. E., Rossi, R., Ragab, A., and Saikaly, P. E. (2019). Electroactive microorganisms in bioelectrochemical systems. Nature Reviews Microbiology , 1. doi:10.1038/s41579-019-0173-x.

Lovley, D. R. (2006). Bug juice: harvesting electricity with microorganisms. Nature Reviews Microbiology 4, 497–508. doi:10.1038/nrmicro1442.

Lovley, D. R. (2011). Powering microbes with electricity: direct electron transfer from electrodes to microbes. Environmental Microbiology Reports 3, 27–35. doi:10.1111/j.1758-2229.2010.00211.x.

Lovley, D. R. (2012). Electromicrobiology. Annu. Rev. Microbiol. 66, 391–409. doi:10.1146/annurev- micro-092611-150104.

Lovley, D. R., Ueki, T., Zhang, T., Malvankar, N. S., Shrestha, P. M., Flanagan, K. A., et al. (2011). “Geobacter: The Microbe Electric’s Physiology, Ecology, and Practical Applications,” in Advances in Microbial Physiology Advances in Microbial Physiology., ed. R. K. Poole (Academic Press), 1–100. doi:10.1016/B978-0-12-387661-4.00004-5.

Machuca, L. L., Jeffrey, R., Bailey, S. I., Gubner, R., Watkin, E. L. J., Ginige, M. P., et al. (2014). Filtration–UV irradiation as an option for mitigating the risk of microbiologically influenced corrosion of subsea construction alloys in seawater. Corrosion Science 79, 89–99. doi:10.1016/j.corsci.2013.10.030.

íïï!! 2$&$2$.!$ ! !

Madigan, M. T., Martinko, J. M., Bender, K. S., Buckley, D. H., and Stahl, D. A. (2014). Brock biology of microorganisms.

Mahé, F., Rognes, T., Quince, C., de Vargas, C., and Dunthorn, M. (2015). Swarm v2: highly-scalable and high-resolution amplicon clustering. PeerJ 3, e1420. doi:10.7717/peerj.1420.

Malanoski, A. P., Lin, B., Eddie, B. J., Wang, Z., Hervey, W. J., and Glaven, S. M. (2018). Relative abundance of “Candidatus Tenderia electrophaga” is linked to cathodic current in an aerobic biocathode community. Microb Biotechnol 11, 98–111. doi:10.1111/1751-7915.12757.

Marconnet, C., Dagbert, C., Roy, M., and Féron, D. (2008). Stainless steel ennoblement in freshwater: From exposure tests to mechanisms. Corrosion Science 50, 2342–2352. doi:10.1016/j.corsci.2008.05.007.

Marcus, P. (2011). Corrosion Mechanisms in Theory and Practice, Third Edition . CRC Press.

Marsili, E., Baron, D. B., Shikhare, I. D., Coursolle, D., Gralnick, J. A., and Bond, D. R. (2008). Shewanella secretes flavins that mediate extracellular electron transfer. PNAS 105, 3968–3973. doi:10.1073/pnas.0710525105.

Martin, E., Tartakovsky, B., and Savadogo, O. (2011). Cathode materials evaluation in microbial fuel cells: A comparison of carbon, Mn2O3, Fe2O3 and platinum materials. Electrochimica Acta 58, 58–66. doi:10.1016/j.electacta.2011.08.078.

Martin, F. J., Natishan, P. M., Lucas, K. E., Hogan, E. A., Grolleau, A. M., and Thomas, E. D. (2003). Crevice Corrosion of Alloy 625 in Natural Seawater. CORROSION 59, 498–504. doi:10.5006/1.3277580.

Maruthamuthu, S., Rajagopal, G., Sathiyanarayanan, S., Angappan, S., Eashwar, M., and Balakrishnan, K. (1996). Contributions of oxide film and bacterial metabolism to the ennoblement process: Evidence for a novel mechanism. Curr. Sci. 71, 315–320.

Mattila, K., Carpen, L., Hakkarainen, T., and Salkinoja-Salonen, M. S. (1997). Biofilm development during ennoblement of stainless steel in Baltic Sea water: A microscopic study. Int. Biodeterior. Biodegrad. 40, 1–10.

! íïñ! 2$&$2$.!$3 ! !

Mattila, K., Carpen, L., Raaska, L., Alakomi, H. L., Hakkarainen, T., and Salkinoja-Salonen, M. S. (2000). Impact of biological factors on the ennoblement of stainless steel in Baltic seawater. J. Ind. Microbiol. Biotechnol. 24, 410–420. doi:10.1038/sj.jim.7000001.

McDonald, D., Price, M. N., Goodrich, J., Nawrocki, E. P., DeSantis, T. Z., Probst, A., et al. (2012). An improved Greengenes taxonomy with explicit ranks for ecological and evolutionary analyses of bacteria and archaea. The ISME Journal 6, 610–618. doi:10.1038/ismej.2011.139.

Mehanna, M., Basséguy, R., Délia, M.-L., and Bergel, A. (2009a). Effect of Geobacter sulfurreducens on the microbial corrosion of mild steel, ferritic and austenitic stainless steels. Corrosion Science 51, 2596– 2604. doi:10.1016/j.corsci.2009.06.041.

Mehanna, M., Basseguy, R., Delia, M.-L., and Bergel, A. (2009b). Role of direct microbial electron transfer in corrosion of steels. Electrochemistry Communications 11, 568–571. doi:10.1016/j.elecom.2008.12.019.

Mehanna, M., Basséguy, R., Délia, M.-L., and Bergel, A. (2010). Geobacter sulfurreducens can protect 304L stainless steel against pitting in conditions of low electron acceptor concentrations. Electrochemistry Communications 12, 724–728. doi:10.1016/j.elecom.2010.03.017.

Mehta, T., Coppi, M. V., Childers, S. E., and Lovley, D. R. (2005). Outer Membrane c-Type Cytochromes Required for Fe(III) and Mn(IV) Oxide Reduction in Geobacter sulfurreducens. Appl. Environ. Microbiol. 71, 8634–8641. doi:10.1128/AEM.71.12.8634-8641.2005.

Milner, E. M., Popescu, D., Curtis, T., Head, I. M., Scott, K., and Yu, E. H. (2016). Microbial fuel cells with highly active aerobic biocathodes. Journal of Power Sources 324, 8–16. doi:10.1016/j.jpowsour.2016.05.055.

Minoche, A. E., Dohm, J. C., and Himmelbauer, H. (2011). Evaluation of genomic high-throughput sequencing data generated on Illumina HiSeq and Genome Analyzer systems. Genome Biology 12, R112. doi:10.1186/gb-2011-12-11-r112.

Mistry, J., Finn, R. D., Eddy, S. R., Bateman, A., and Punta, M. (2013). Challenges in homology search:

íïó!! 2$&$2$.!$ ! !

HMMER3 and convergent evolution of coiled-coil regions. Nucleic Acids Res 41, e121–e121. doi:10.1093/nar/gkt263.

Mollica, A. (1992). Biofilm and corrosion on active-passive alloys in seawater. International Biodeterioration & Biodegradation 29, 213–229. doi:10.1016/0964-8305(92)90045-P.

Mollica, A., and Scotto, V. (1996). Mechanism and Prevention of Biofilm Effect on Stainless Steel Corrosion. Seawater Corrosion of Stainless Steel - Mechanisms and Experiences EFC Publ. 19, 23–43.

Mollica, A., and Trevis, A. (1976). Comptes rendus du 4e Congrès International de la Corrosion Marine et des Salissures. in (Antibes — Juan-les-Pins, France.), 351. Available at: http://onlinelibrary.wiley.com.gate1.inist.fr/doi/10.1002/iroh.19780630622/abstract [Accessed August 1, 2014].

Moos, O., and Gümpel, P. (2008). Comparison of the microbiological influence on the electro-chemical potential of stainless steel between macro- and micro-areas of specimens. Electrochimica Acta 54, 53–59. doi:10.1016/j.electacta.2008.01.105.

Morris, J. M., and Jin, S. (2007). Feasibility of using microbial fuel cell technology for bioremediation of hydrocarbons in groundwater. Journal of Environmental Science and Health, Part A 43, 18–23. doi:10.1080/10934520701750389.

Morris, J. M., Jin, S., Crimi, B., and Pruden, A. (2009). Microbial fuel cell in enhancing anaerobic biodegradation of diesel. Chemical Engineering Journal 146, 161–167. doi:10.1016/j.cej.2008.05.028.

Motoda, S., Suzuki, Y., Shinohara, T., and Tsujikawa, S. (1990). Passivation of metals and semiconductors The effect of marine fouling on the ennoblement of electrode potential for stainless steels. Corrosion Science 31, 515–520. doi:10.1016/0010-938X(90)90155-X.

Nealson, K. H., and Rowe, A. R. (2016). Electromicrobiology: realities, grand challenges, goals and predictions. Microb Biotechnol 9, 595–600. doi:10.1111/1751-7915.12400.

Nebel, M., Pfabel, C., Stock, A., Dunthorn, M., and Stoeck, T. (2011). Delimiting operational taxonomic units for assessing ciliate environmental diversity using small-subunit rRNA gene sequences. Environ

! íïò! 2$&$2$.!$3 ! !

Microbiol Rep 3, 154–158. doi:10.1111/j.1758-2229.2010.00200.x.

Nelson, M. C., Morrison, H. G., Benjamino, J., Grim, S. L., and Graf, J. (2014). Analysis, Optimization and Verification of Illumina-Generated 16S rRNA Gene Amplicon Surveys. PLOS ONE 9, e94249. doi:10.1371/journal.pone.0094249.

Nevin, K. P., Hensley, S. A., Franks, A. E., Summers, Z. M., Ou, J., Woodard, T. L., et al. (2011). Electrosynthesis of Organic Compounds from Carbon Dioxide Is Catalyzed by a Diversity of Acetogenic Microorganisms. Appl. Environ. Microbiol. 77, 2882–2886. doi:10.1128/AEM.02642-10.

Nevin, K. P., Kim, B.-C., Glaven, R. H., Johnson, J. P., Woodard, T. L., Methé, B. A., et al. (2009). Anode Biofilm Transcriptomics Reveals Outer Surface Components Essential for High Density Current Production in Geobacter sulfurreducens Fuel Cells. PLOS ONE 4, e5628. doi:10.1371/journal.pone.0005628.

Nguyen, T. A., Lu, Y., Yang, X., and Shi, X. (2007). Carbon and Steel Surfaces Modified by Leptothrix discophora SP-6: Characterization and Implications. Environ. Sci. Technol. 41, 7987–7996. doi:10.1021/es071178p.

Nice, P., Amaya, H., Scoppio, L., Larché, N., Matsuda, Y., and Fiocchi, M. (2017). Evaluation of the Corrosion Risk of Duplex Stainless Steel UNS S82551 in Treated Seawater Injection Service. NACE International .

Nielsen, H. B., Almeida, M., Juncker, A. S., Rasmussen, S., Li, J., Sunagawa, S., et al. (2014). Identification and assembly of genomes and genetic elements in complex metagenomic samples without using reference genomes. Nature Biotechnology 32, 822–828. doi:10.1038/nbt.2939.

Oh, S.-E., and Logan, B. E. (2007). Voltage reversal during microbial fuel cell stack operation. Journal of Power Sources 167, 11–17. doi:10.1016/j.jpowsour.2007.02.016.

Olesen, B. H., Avci, R., and Lewandowski, Z. (2000). Manganese dioxide as a potential cathodic reactant in corrosion of stainless steels. Corrosion Science 42, 211–227. doi:10.1016/S0010-938X(99)00071-2.

Park, D. H., and Zeikus, J. G. (2003). Improved fuel cell and electrode designs for producing electricity

íïô!! 2$&$2$.!$ ! ! from microbial degradation. Biotechnology and Bioengineering 81, 348–355. doi:10.1002/bit.10501.

Parot, S., Nercessian, O., Delia, M.-L., Achouak, W., and Bergel, A. (2009). Electrochemical checking of aerobic isolates from electrochemically active biofilms formed in compost. Journal of Applied Microbiology 106, 1350–1359. doi:10.1111/j.1365-2672.2008.04103.x.

Pfeffer, C., Larsen, S., Song, J., Dong, M., Besenbacher, F., Meyer, R. L., et al. (2012). Filamentous bacteria transport electrons over centimetre distances. Nature 491, 218–221. doi:10.1038/nature11586.

Pfeiffer, F., Gröber, C., Blank, M., Händler, K., Beyer, M., Schultze, J. L., et al. (2018). Systematic evaluation of error rates and causes in short samples in next-generation sequencing. Scientific Reports 8, 10950. doi:10.1038/s41598-018-29325-6.

Pham, T. H., Boon, N., Aelterman, P., Clauwaert, P., De Schamphelaire, L., Vanhaecke, L., et al. (2008). Metabolites produced by Pseudomonas sp. enable a Gram-positive bacterium to achieve extracellular electron transfer. Appl Microbiol Biotechnol 77, 1119–1129. doi:10.1007/s00253-007-1248-6.

Philips, J., Verbeeck, K., Rabaey, K., and Arends, J. (2015). “Electron transfer mechanisms in biofilms,” in Microbial electrochemical and fuel cells : fundamentals and applications (Elsevier. Woodhead Publishing), 67–113. doi:http://dx.doi.org/10.1016/B978-1-78242-375-1.00003-4.

Pirbadian, S., Barchinger, S. E., Leung, K. M., Byun, H. S., Jangir, Y., Bouhenni, R. A., et al. (2014). Shewanella oneidensis MR-1 nanowires are outer membrane and periplasmic extensions of the extracellular electron transport components. PNAS 111, 12883–12888. doi:10.1073/pnas.1410551111.

Quast, C., Pruesse, E., Yilmaz, P., Gerken, J., Schweer, T., Yarza, P., et al. (2013). The SILVA ribosomal RNA gene database project: improved data processing and web-based tools. Nucleic Acids Res. 41, D590- 596. doi:10.1093/nar/gks1219.

Rabaey, K., Read, S. T., Clauwaert, P., Freguia, S., Bond, P. L., Blackall, L. L., et al. (2008). Cathodic oxygen reduction catalyzed by bacteria in microbial fuel cells. The ISME Journal 2, 519. doi:10.1038/ismej.2008.1.

Rappé, M. S., Connon, S. A., Vergin, K. L., and Giovannoni, S. J. (2002). Cultivation of the ubiquitous

! íïö! 2$&$2$.!$3 ! !

SAR11 marine bacterioplankton clade. Nature 418, 630–633. doi:10.1038/nature00917.

Reguera, G., McCarthy, K. D., Mehta, T., Nicoll, J. S., Tuominen, M. T., and Lovley, D. R. (2005). Extracellular electron transfer via microbial nanowires. Nature 435, 1098–1101. doi:10.1038/nature03661.

Richardson, D. J., Butt, J. N., Fredrickson, J. K., Zachara, J. M., Shi, L., Edwards, M. J., et al. (2012). The ‘porin–cytochrome’ model for microbe-to-mineral electron transfer. Molecular Microbiology 85, 201– 212. doi:10.1111/j.1365-2958.2012.08088.x.

Richter, M., and Rosselló-Móra, R. (2009). Shifting the genomic gold standard for the prokaryotic species definition. PNAS 106, 19126–19131. doi:10.1073/pnas.0906412106.

Rimboud, M., Barakat, M., Bergel, A., and Erable, B. (2017). Different methods used to form oxygen reducing biocathodes lead to different biomass quantities, bacterial communities, and electrochemical kinetics. Bioelectrochemistry 116, 24–32. doi:10.1016/j.bioelechem.2017.03.001.

Rinaldi, A., Mecheri, B., Garavaglia, V., Licoccia, S., Nardo, P. D., and Traversa, E. (2008). Engineering materials and biology to boost performance of microbial fuel cells: a critical review. Energy Environ. Sci. 1, 417–429. doi:10.1039/B806498A.

Rinke, C., Schwientek, P., Sczyrba, A., Ivanova, N. N., Anderson, I. J., Cheng, J.-F., et al. (2013). Insights into the phylogeny and coding potential of microbial dark matter. Nature 499, 431–437. doi:10.1038/nature12352.

Rogne, T., and Steinsmo, U. (1996). Practical consequences of the biofilm in natural sea water and of chlorination on the corrosion behaviour of stainless steels. Seawater Corrosion of Stainless Steel - Mechanisms and Experiences EFC Publ. 19, 55–74.

Rogne T., and Steinsmo U. (1996). Practical Consequences of the Biofilm in Natural Sea Water and of Chlorination on the Corrosion Behaviour of Stainless Steels. Sea Water Corrosion of Stainless Steels - Mechanisms and Experiences, EFC Publication 19 .

Rognes, T., Flouri, T., Nichols, B., Quince, C., and Mahé, F. (2016). VSEARCH: a versatile open source

íñë!! 2$&$2$.!$ ! ! tool for metagenomics. PeerJ 4, e2584. doi:10.7717/peerj.2584.

Rojo, F. (2009). Degradation of alkanes by bacteria. Environmental Microbiology 11, 2477–2490. doi:10.1111/j.1462-2920.2009.01948.x.

Ross, D. E., Flynn, J. M., Baron, D. B., Gralnick, J. A., and Bond, D. R. (2011). Towards Electrosynthesis in Shewanella: Energetics of Reversing the Mtr Pathway for Reductive Metabolism. PLOS ONE 6, e16649. doi:10.1371/journal.pone.0016649.

Rothballer, M., Picot, M., Sieper, T., Arends, J. B. A., Schmid, M., Hartmann, A., et al. (2015). Monophyletic group of unclassified γ-Proteobacteria dominates in mixed culture biofilm of high- performing oxygen reducing biocathode. Bioelectrochemistry 106, 167–176. doi:10.1016/j.bioelechem.2015.04.004.

Rozendal, R. A., Jeremiasse, A. W., Hamelers, H. V. M., and Buisman, C. J. N. (2008). Hydrogen Production with a Microbial Biocathode. Environ. Sci. Technol. 42, 629–634. doi:10.1021/es071720+.

Sanger, F., Brownlee, G. G., and Barrell, B. G. (1965). A two-dimensional fractionation procedure for radioactive nucleotides. Journal of Molecular Biology 13, 373-IN4. doi:10.1016/S0022-2836(65)80104- 8.

Sanger, F., Nicklen, S., and Coulson, A. R. (1977). DNA sequencing with chain-terminating inhibitors. Proc Natl Acad Sci U S A 74, 5463–5467. Available at: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC431765/ [Accessed February 27, 2019].

Schloss, P. D., Westcott, S. L., Ryabin, T., Hall, J. R., Hartmann, M., Hollister, E. B., et al. (2009). Introducing mothur: open-source, platform-independent, community-supported software for describing and comparing microbial communities. Applied and environmental microbiology 75, 7537–7541.

Schneiker, S., dos Santos, V. A. M., Bartels, D., Bekel, T., Brecht, M., Buhrmester, J., et al. (2006). Genome sequence of the ubiquitous hydrocarbon-degrading marine bacterium Alcanivorax borkumensis . Nature Biotechnology 24, 997–1004. doi:10.1038/nbt1232.

Scotto, V., Alabiso, G., and Marcenaro, G. (1986). An example of microbiologically influenced corrosion.

! íñí! 2$&$2$.!$3 ! !

Bioelectrochemistry and Bioenergetics 16, 347–355. doi:10.1016/0302-4598(86)85014-0.

Scotto V., Beggiato M., Marcenaro G., and Dellepiane R. (1996). Microbial and Biochemical Factors Affecting the Corrosion Behaviour of Stainless Steels in Seawater. EFC Publication N°. 19 .

Scotto, V., Cintio, R. D., and Marcenaro, G. (1985). The influence of marine aerobic microbial film on stainless steel corrosion behaviour. Corrosion Science 25, 185–194. doi:10.1016/0010-938X(85)90094- 0.

Scotto, V., and Lai, M. E. (1998). The ennoblement of stainless steels in seawater: A likely explanation coming from the field. Corrosion Sci. 40, 1007–1018. doi:10.1016/S0010-938X(98)00038-9.

Segata, N., Izard, J., Waldron, L., Gevers, D., Miropolsky, L., Garrett, W. S., et al. (2011). Metagenomic biomarker discovery and explanation. Genome Biology 12, R60. doi:10.1186/gb-2011-12-6-r60.

Shi, L., Squier, T. C., Zachara, J. M., and Fredrickson, J. K. (2007). Respiration of metal (hydr)oxides by Shewanella and Geobacter: a key role for multihaem c-type cytochromes. Molecular Microbiology 65, 12–20. doi:10.1111/j.1365-2958.2007.05783.x.

Shi, X., Avci, R., Geiser, M., and Lewandowski, Z. (2003). Comparative study in chemistry of microbially and electrochemically induced pitting of 316L stainless steel. Corrosion Science 45, 2577–2595. doi:10.1016/S0010-938X(03)00079-9.

Shi, X., Avci, R., and Lewandowski, Z. (2002). Microbially deposited manganese and iron oxides on passive metals - Their chemistry and consequences for material performance. Corrosion 58, 728–738.

Simão, F. A., Waterhouse, R. M., Ioannidis, P., Kriventseva, E. V., and Zdobnov, E. M. (2015). BUSCO: assessing genome assembly and annotation completeness with single-copy orthologs. Bioinformatics 31, 3210–3212. doi:10.1093/bioinformatics/btv351.

Singer, E., Emerson, D., Webb, E. A., Barco, R. A., Kuenen, J. G., Nelson, W. C., et al. (2011). Mariprofundus ferrooxydans PV-1 the First Genome of a Marine Fe(II) Oxidizing Zetaproteobacterium. PLOS ONE 6, e25386. doi:10.1371/journal.pone.0025386.

íñì!! 2$&$2$.!$ ! !

Singer, E., Heidelberg, J. F., Dhillon, A., and Edwards, K. J. (2013). Metagenomic insights into the dominant Fe(II) oxidizing Zetaproteobacteria from an iron mat at L ō´ihi, Hawai´l. Front. Microbiol. 4. doi:10.3389/fmicb.2013.00052.

Sridharan, D., Manoharan, S. P., and Palaniswamy, N. (2011). Redox behavior of biofilm on glassy carbon electrode. Bioelectrochemistry 82, 135–139. doi:10.1016/j.bioelechem.2011.06.006.

Stackebrandt, E., and Ebers, J. (2006). Taxonomic parameters revisited: tarnished gold standards. Microbiology today 33, 152.

Stackebrandt, E., and Goebel, B. M. (1994). Taxonomic note: a place for DNA-DNA reassociation and 16S rRNA sequence analysis in the present species definition in bacteriology. International Journal of Systematic Bacteriology 44, 846–849. Available at: http://ijs.sgmjournals.org/content/44/4/846.short [Accessed September 23, 2015].

Staley, J. T., and Konopka, A. (1985). Measurement of in situ activities of nonphotosynthetic microorganisms in aquatic and terrestrial habitats. Annu. Rev. Microbiol. 39, 321–346. doi:10.1146/annurev.mi.39.100185.001541.

Stams, A. J. M., and Plugge, C. M. (2009). Electron transfer in syntrophic communities of anaerobic bacteria and archaea. Nature Reviews Microbiology 7, 568–577. doi:10.1038/nrmicro2166.

Stein, L. D. (2010). The case for cloud computing in genome informatics. Genome Biology 11, 207. doi:10.1186/gb-2010-11-5-207.

Strandmyr, O., and Hagerup, O. (1998). Field Experience With Stainless Steel Materials in Seawater Systems. NACE International .

Streicher, M. A., and Grubb, J. F. (2011). “Austenitic and Ferritic Stainless Steels,” in Uhlig’s Corrosion Handbook (John Wiley & Sons, Ltd), 657–693. doi:10.1002/9780470872864.ch51.

Strycharz, S. M., Glaven, R. H., Coppi, M. V., Gannon, S. M., Perpetua, L. A., Liu, A., et al. (2011). Gene expression and deletion analysis of mechanisms for electron transfer from electrodes to Geobacter sulfurreducens. Bioelectrochemistry 80, 142–150. doi:10.1016/j.bioelechem.2010.07.005.

! íñî! 2$&$2$.!$3 ! !

Strycharz, S. M., Woodard, T. L., Johnson, J. P., Nevin, K. P., Sanford, R. A., Löffler, F. E., et al. (2008). Graphite Electrode as a Sole Electron Donor for Reductive Dechlorination of Tetrachlorethene by Geobacter lovleyi. Appl. Environ. Microbiol. 74, 5943–5947. doi:10.1128/AEM.00961-08.

Strycharz-Glaven, S. M., Glaven, R. H., Wang, Z., Zhou, J., Vora, G. J., and Tender, L. M. (2013). Electrochemical investigation of a microbial solar cell reveals a nonphotosynthetic biocathode catalyst. Appl. Environ. Microbiol. 79, 3933–3942. doi:10.1128/AEM.00431-13.

Suja, F., Rahim, F., Taha, M. R., Hambali, N., Rizal Razali, M., Khalid, A., et al. (2014). Effects of local microbial bioaugmentation and biostimulation on the bioremediation of total petroleum hydrocarbons (TPH) in crude oil contaminated soil based on laboratory and field observations. International Biodeterioration & Biodegradation 90, 115–122. doi:10.1016/j.ibiod.2014.03.006.

Summers, Z. M., Gralnick, J. A., and Bond, D. R. (2013). Cultivation of an Obligate Fe(II)-Oxidizing Lithoautotrophic Bacterium Using Electrodes. mBio 4, e00420-12. doi:10.1128/mBio.00420-12.

Sunagawa, S., Coelho, L. P., Chaffron, S., Kultima, J. R., Labadie, K., Salazar, G., et al. (2015). Structure and function of the global ocean microbiome. Science 348, 1261359.

Sund, C. J., McMasters, S., Crittenden, S. R., Harrell, L. E., and Sumner, J. J. (2007). Effect of electron mediators on current generation and fermentation in a microbial fuel cell. Appl Microbiol Biotechnol 76, 561–568. doi:10.1007/s00253-007-1038-1.

Sydow, A., Krieg, T., Mayer, F., Schrader, J., and Holtmann, D. (2014). Electroactive bacteria—molecular mechanisms and genetic tools. Appl Microbiol Biotechnol 98, 8481–8495. doi:10.1007/s00253-014-6005- z.

Thierry, D., Larche, N., Leballeur, C., Wijesinghe, S. L., and Zixi, T. (2015). Corrosion potential and cathodic reduction efficiency of stainless steel in natural seawater. Mater. Corros. 66, 453–458. doi:10.1002/maco.201307497.

Torres, C. I., Kato Marcus, A., and Rittmann, B. E. (2007). Kinetics of consumption of fermentation products by anode-respiring bacteria. Appl Microbiol Biotechnol 77, 689–697. doi:10.1007/s00253-007-

íñï!! 2$&$2$.!$ ! !

1198-z.

Toshchakov, S. V., Korzhenkov, A. A., Chernikova, T. N., Ferrer, M., Golyshina, O. V., Yakimov, M. M., et al. (2017). The genome analysis of Oleiphilus messinensis ME102 (DSM 13489T) reveals backgrounds of its obligate alkane-devouring marine lifestyle. Marine Genomics 36, 41–47. doi:10.1016/j.margen.2017.07.005.

Trigodet, F., Larché, N., Morrison, H. G., Jebbar, M., Thierry, D., and Maignien, L. (2019). Electroactive Bacteria Associated With Stainless Steel Ennoblement in Seawater. Front. Microbiol. 10. doi:10.3389/fmicb.2019.00170.

Turnbaugh, P. J., Ley, R. E., Hamady, M., Fraser-Liggett, C., Knight, R., and Gordon, J. I. (2007). The project: exploring the microbial part of ourselves in a changing world. Nature 449, 804–810. doi:10.1038/nature06244.

Valdés, J., Pedroso, I., Quatrini, R., Dodson, R. J., Tettelin, H., Blake, R., et al. (2008). Acidithiobacillus ferrooxidans metabolism: from genome sequence to industrial applications. BMC Genomics 9, 597. doi:10.1186/1471-2164-9-597. van Beilen, J. B., and Funhoff, E. G. (2007). Alkane hydroxylases involved in microbial alkane degradation. Appl Microbiol Biotechnol 74, 13–21. doi:10.1007/s00253-006-0748-0. van Beilen, J. B. van, and Funhoff, E. G. (2005). Expanding the alkane oxygenase toolbox: new enzymes and applications. Current Opinion in Biotechnology 16, 308–314. doi:10.1016/j.copbio.2005.04.005.

Van Dongen, S., and Abreu-Goodger, C. (2012). “Using MCL to Extract Clusters from Networks,” in Bacterial Molecular Networks , eds. J. van Helden, A. Toussaint, and D. Thieffry (New York, NY: Springer New York), 281–295. doi:10.1007/978-1-61779-361-5_15.

Venter, J. C., Remington, K., Heidelberg, J. F., Halpern, A. L., Rusch, D., Eisen, J. A., et al. (2004). Environmental Genome Shotgun Sequencing of the Sargasso Sea. Science 304, 66–74. doi:10.1126/science.1093857.

Wang, Q., Garrity, G. M., Tiedje, J. M., and Cole, J. R. (2007). Naive Bayesian classifier for rapid

! íññ! 2$&$2$.!$3 ! ! assignment of rRNA sequences into the new . Appl. Environ. Microbiol. 73, 5261– 5267. doi:10.1128/AEM.00062-07.

Wang, W., Li, X., Wang, J., Xu, H., and Wu, J. (2004). Influence of biofilms growth on corrosion potential of metals immersed in seawater. Materials and Corrosion 55, 30–35. doi:10.1002/maco.200303690.

Wang, W., and Shao, Z. (2013). Enzymes and genes involved in aerobic alkane degradation. Front Microbiol 4. doi:10.3389/fmicb.2013.00116.

Wang, W., Zhang, X., and Wang, J. (2009a). Rainbow fringes around crevice corrosion formed on stainless steel AISI 316 after ennoblement in seawater. Materials and Corrosion 60, 820–824. doi:10.1002/maco.200805200.

Wang, W., Zhang, X., and Wang, J. (2009b). The influence of local glucose oxidase activity on the potential/current distribution on stainless steel: A study by the wire beam electrode method. Electrochimica Acta 54, 5598–5604. doi:10.1016/j.electacta.2009.04.064.

Wang, Z., Eddie, B. J., Malanoski, A. P., Hervey, W. J., Lin, B., and Strycharz-Glaven, S. M. (2015a). Complete Genome Sequence of Marinobacter sp. CP1, Isolated from a Self-Regenerating Biocathode Biofilm. Genome Announc 3. doi:10.1128/genomeA.01103-15.

Wang, Z., Eddie, B. J., Malanoski, A. P., Hervey, W. J., Lin, B., and Strycharz-Glaven, S. M. (2016). Complete Genome Sequence of Labrenzia sp. Strain CP4, Isolated from a Self-Regenerating Biocathode Biofilm. Genome Announc 4. doi:10.1128/genomeA.00354-16.

Wang, Z., Leary, D. H., Malanoski, A. P., Li, R. W., Hervey, W. J., Eddie, B. J., et al. (2015b). A

Previously Uncharacterized, Nonphotosynthetic Member of the Chromatiaceae Is the Primary CO 2 - Fixing Constituent in a Self-Regenerating Biocathode. Applied and Environmental Microbiology 81, 699– 712. doi:10.1128/AEM.02947-14.

Washizu, N., Katada, Y., and Kodama, T. (2004). Role of H2O2 in microbially influenced ennoblement of open circuit potentials for type 316L stainless steel in seawater. Corrosion Science 46, 1291–1300. doi:10.1016/j.corsci.2003.09.018.

íñó!! 2$&$2$.!$ ! !

Wayne, L. G., Brenner, D. J., Colwell, R. R., Grimont, P. A. D., Kandler, O., Krichevsky, M. I., et al. (1987). Report of the Ad Hoc Committee on Reconciliation of Approaches to Bacterial Systematics. International Journal of Systematic Bacteriology 37, 463–464. doi:10.1099/00207713-37-4-463.

Wei, W., Jia, W., Haibo, X., and Xiangbo, L. (2005). Relationship between the ennoblement of passive metals and microbe adsorption kinetics in seawater. Materials and Corrosion 56, 329–333. doi:10.1002/maco.200403840.

Weirather, J. L., de Cesare, M., Wang, Y., Piazza, P., Sebastiano, V., Wang, X.-J., et al. (2017). Comprehensive comparison of Pacific Biosciences and Oxford Nanopore Technologies and their applications to transcriptome analysis. F1000Research 6, 100. doi:10.12688/f1000research.10571.2.

Wickham, H. (2009). Ggplot2: elegant graphics for data analysis . New York: Springer.

Woese, C. R., and Fox, G. E. (1977). Phylogenetic structure of the prokaryotic domain: The primary kingdoms. PNAS 74, 5088–5090. doi:10.1073/pnas.74.11.5088.

Woese, C. R., Kandler, O., and Wheelis, M. L. (1990). Towards a natural system of organisms: proposal for the domains Archaea, Bacteria, and Eucarya. PNAS 87, 4576–4579. doi:10.1073/pnas.87.12.4576.

Wu, Y.-W., Simmons, B. A., and Singer, S. W. (2016). MaxBin 2.0: an automated binning algorithm to recover genomes from multiple metagenomic datasets. Bioinformatics 32, 605–607. doi:10.1093/bioinformatics/btv638.

Xiangbo, L., Jia, W., Wei, W., and Hongren, W. (2007). Ennoblement of stainless steel in natural seawater – A new explanation. Materials and Corrosion 58, 29–32. doi:10.1002/maco.200503970.

Yakimov, M. M., and Golyshin, P. N. (2014). “The Family Oleiphilaceae,” in The Prokaryotes , eds. E. Rosenberg, E. F. DeLong, S. Lory, E. Stackebrandt, and F. Thompson (Springer Berlin Heidelberg), 529– 533. doi:10.1007/978-3-642-38922-1_285.

Yakimov, M. M., Golyshin, P. N., Lang, S., Moore, E. R. B., Abraham, W.-R., Lünsdorf, H., et al. (1998). Alcanivorax borkumensis gen. nov., sp. nov., a new, hydrocarbon-degrading and surfactant-producing marine bacterium. International Journal of Systematic and Evolutionary Microbiology 48, 339–348.

! íñò! 2$&$2$.!$3 ! ! doi:10.1099/00207713-48-2-339.

Yakimov, M. M., Timmis, K. N., and Golyshin, P. N. (2007). Obligate oil-degrading marine bacteria. Current Opinion in Biotechnology 18, 257–266. doi:10.1016/j.copbio.2007.04.006.

Yentsch, C. M., Mague, F. C., Horan, P. K., and Muirhead, K. (1983). Flow cytometric DNA determinations on individual cells of the dinoflagellate Gonyaulax tamarensis var. excavata. Journal of Experimental Marine Biology and Ecology 67, 175–183. doi:10.1016/0022-0981(83)90088-6.

Zhang H. J., and Dexter S. C. (1995). Effect of Biofilms on Crevice Corrosion of Stainless Steels in Coastal Seawater. Corrosion Science, pp. 56-66 .

Zhang, H.-J., and Dexter, S. C. (1995). Effect of Biofilms on Crevice Corrosion of Stainless Steels in Coastal Seawater. CORROSION 51, 56–66. doi:10.5006/1.3293578.

Zhang, T., Gannon, S. M., Nevin, K. P., Franks, A. E., and Lovley, D. R. (2010). Stimulating the anaerobic degradation of aromatic hydrocarbons in contaminated sediments by providing an electrode as the electron acceptor. Environmental Microbiology 12, 1011–1020. doi:10.1111/j.1462-2920.2009.02145.x.

Zhang, X., Wang, W., and Wang, J. (2009). A novel device for the wire beam electrode method and its application in the ennoblement study. Corrosion Science 51, 1475–1479. doi:10.1016/j.corsci.2009.03.002.

Zhou, L., Deng, D., Zhang, D., Chen, Q., Kang, J., Fan, N., et al. (2016). Microbial Electricity Generation and Isolation of Exoelectrogenic Bacteria Based on Petroleum Hydrocarbon-contaminated Soil. Electroanalysis 28, 1510–1516. doi:10.1002/elan.201501052.

íñô!!

7DMK@!$! 2EVEGXaVMWEXMSR%aPIGXVSGLMQMUYI%IX%QSPaGYPEMVI%HIW%FMSJMPQW%aPIGXVSEGXMJW%WYV%EGMIV%MRS\]HEFPI%IR% QMPMIY%QEVMR%

1HML!>EUL!$ %ERSFPMWWIQIRX"%aGSPSKMI%QMGVSFMIRRI"%FEGXaVMI%aPIGXVSEGXMZIW"%QaXEKaRSQMUYI%

5ULNFU!$% 9IW% QMGVSSVKERMWQIW% WSRX% GETEFPIW% 0% PiEMHI% HY% WaUYIR`EKI% HiEQTPMGSRW% 03;"% RSYW% HiEYKQIRXIV% PI% TSXIRXMIP% PMFVI% HIW% EGMIVW% EZSRW% MHIRXMJMa% HIW% YRMXaW% XE\SRSQMUYIW% MRS\]HEFPIW%IR%IEY%HI%QIV%ZME%YR%TLaRSQbRI%UYI% STaVEXMSRRIPW% <@AW!% GSQQI% FMSQEVUYIYVW% HI% PiSR% ETTIPPI% ERSFPMWWIQIRX$% 2IXXI% aPaZEXMSR% HI% PiERSFPMWWIQIRX$% 2IVXEMRIW% aXEMIRX% EJJMPMaIW% _% HIW% TPYWMIYVW% GIRXEMRIW% HI% QMPPMZSPXW% HY% TSXIRXMIP% FEGXaVMIW% GETEFPIW% HI% HaKVEHIV% HIW% EYKQIRXI% PI% VMWUYI% HI% GSVVSWMSR% PSGEPMWa$% L]HVSGEVFYVIW"% IX% YRI% <@A% aXEMX% EJJMPMaI% _% 9iERSFPMWWIQIRX% E%aXa%aXYHMa% TIRHERX% TPYW% HI% )&% h2"*%(%"./- % @IRHIVME% IPIGXVSTLEKEi"% YRI% FEGXaVMI% ERW"% IX% QEPKVa% WSR% MQTSVXERGI"% PIW% QaGERMWQIW% aPIGXVSXVSTLI% GETEFPI% HI% VaHYMVI% PiS\]KbRI% EZIG% QMGVSFMIR% VIWTSRWEFPIW% HY%TLaRSQbRI%RiSRX%TEW% HIW% aPIGXVSRW% TVSZIRERX% HiYRI% aPIGXVSHI$% ;SYW% aXa% MHIRXMJMaW$% ;SYW% EZSRW% GSQFMRa% PiaGSPSKMI% EZSRW% aXYHMa% PI% VePI% HI% GIW% FEGXaVMIW% EZIG% HIW% QMGVSFMIRRI% IX% PiaPIGXVSGLMQMI% TSYV% aXYHMIV% PE% GSRHMXMSRW% E% TSXIRXMIPW% JM\aW% IX% PMFVIW% EZIG% YRI% HMZIVWMXa% HIW% FEGXaVMIW% EWWSGMaIW% _% ETTVSGLI% HI% QaXEKaRSQMUYI$% ;SYW% EZSRW% PiERSFPMWWIQIRX% HIW% EGMIVW% MRS\]HEFPIW$% 9E% VIGSRWXMXYa% YR% KaRSQI% MWWY% HiEWWIQFPEKI% XIQTaVEXYVI%HI%PiIEY%HI%QIV%EMRWM%UYI%PE%XIRIYV%IR% QaXEKaRSQMUYI% :06!% XVbW% TVSGLI% HI% S\]KbRI%HMWWSYW%WSRX%HIW%JEGXIYVW%UYM%MRJPYIRGIRX% h2"*%(%"./- % @IRHIVME% IPIGXVSTLEKEi% IX% EWWSGMa% _% PiERSFPMWWIQIRX% IX% RSYW% PIW% EZSRW% YXMPMWaW% TSYV% PiERSFPMWWIQIRX$%% MHIRXMJMIV% PE% JVEGXMSR% FEGXaVMIRRI% EWWSGMaI% EY% 0ZIG% GIW% VaWYPXEXW"% RSYW% EZSRW% TVSTSWa% YR% GLERKIQIRX% HI% TSXIRXMIP$% 9iERSFPMWWIQIRX% IWX% RSYZIEY% QaGERMWQI% FEGXaVMIR% TSYV% I\TPMUYIV% MRLMFa% TEV% YRI% XIQTaVEXYVI% GVMXMUYI% HI% PiIEY% HI% PiERSFPMWWIQIRX%/% PIW% FEGXaVMIW% aPIGXVSXVSTLIW% QIV% EY#HIWWYW%HI% (-f2%)&f2!%IX%TEV% YRI%XIRIYV% WIVEMIRX% GETEFPIW% HI% VaHYMVI% HI% PiS\]KbRI% EZIG% FEWWI%IR%S\]KbRI%HMWWSYW$% HIW% aPIGXVSRW% TVSZIRERX% HY% JMPQ% TEWWMJ% HI% PiEGMIV% MRS\]HEFPI"%IX% EMRWM% MRJPYIRGIV% PI% TSXIRXMIP% PMFVI%IX% HSRG%PiERSFPMWWIQIRX$%%

%

7DME@!$ %4PIGXVSGLIQMGEP%ERH%QSPIGYPEV%GLEVEGXIVM^EXMSR%SJ%IPIGXVSEGXMZI%FMSJMPQW%SR%WXEMRPIWW%WXIIP%MR%QEVMRI% IRZMVSRQIRX%

/@RPHK?L!$ %IRRSFPIQIRX"%QMGVSFMEP%IGSPSK]"%IPIGXVSEGXMZI%FEGXIVME"%QIXEKIRSQMG%

%=LMK<>M! $ % :MGVSSVKERMWQW% MRGVIEWI% XLI% STIR# CMXL% 3;0% EQTPMGSR% WIUYIRGMRK"% [I% MHIRXMJMIH% GMVGYMX% TSXIRXMEP% SJ% WXEMRPIWW% WXIIP% MQQIVWIH% MR% STIVEXMSREP% XE\SRSQMG% YRMXW% <@AW!% XLEX% [IVI% WIE[EXIV% MR% E% TLIRSQIRSR% GEPPIH% IRRSFPIQIRX$% FMSQEVOIVW%SJ%XLI%IRRSFPIQIRX$%@LIVI%[IVI%WSQI% @LMW% GLERKI% SJ% TSXIRXMEP% SJ% WIZIVEP% LYRHVIHW% SJ% <@AW%EJJMPMEXIH%XS%L]HVSGEVFSR%HIKVEHMRK%FEGXIVME"% QMPPMZSPXW%VEMWIW%XLI%GLERGI%SJ%PSGEPM^IH%GSVVSWMSR$% ERH% SRI% <@A% EJJMPMEXIH% XS% h 2"*%(%"./- % @IRHIVME% @LI%IRRSFPIQIRX%LEW%FIIR%WXYHMIH%JSV%QSVI%XLER% IPIGXVSTLEKEi"% ER% IPIGXVSXVSTLMG% FEGXIVME% EFPI% XS% )&% ]IEVW"%ERH d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h2"*%(%"./- % @IRHIVME% IPIGXVSTLEKEi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f2%)&f2!%ERH%PS[%HMWWSPZIH%S\]KIR%GSRXIRX$%% GMVGYMX%TSXIRXMEP%ERH%XLIVIJSVI%XLI%IRRSFPIQIRX$%% %% %