• No se han encontrado resultados

Vueltas y revueltas de la derecha peruana en el siglo XXI

N/A
N/A
Protected

Academic year: 2020

Share "Vueltas y revueltas de la derecha peruana en el siglo XXI"

Copied!
31
0
0

Texto completo

(1)

0

1

22

34

5

67

89

86

7

7

8

9

:

;<

=>?

@A

B

2

3

B

=;

2

<C

h

i

jj

kl

m

no

pqr

st

u

v

w

u

pn

v

ox

h

i

jj

kl

m

no

pqr

st

u

v

w

u

pn

v

ox

™š›œ

žŸ 

¡ 

¢›£š›œ

žŸ 

¤› 

œ

ž 

¤›¢›¥¦ž 

§›¢šž¨ž 

›¨ 

›œ

 

Ÿ©

ªœ

« 

¬¬­

®

¯°±²³´µ²¶´±·¸¹º

»³´¹¼´»½·´¾·±°¸¿

µ²´À¿

Á½»´¿

²´»½·´ÂÂô

Ä·²»°±Å´

´

Æ©¨ž Çž«œž È«¤¢Éªš›ÊË

Ì

 

ǞœžÍ¢žŸ ¥œž£›

ÎÏÐÏÑÒÓÔ

ÕÏÑÖ×ÑÐÓÑØÓ

ÙÚÛ×ÐØÛÓÐØÔÜ×

Ý×ÖÔÏÐÞÓßÚÐØÔÜ×

àÏÐá

 

âãäåæçèé

À¿Á½»³

¯·ê½²¹ê±µêÅ

ë°»½¹±¿»µ±¿µ²¿³ì

Ĺ²³·±¸µ»¿³ì

¾·±°

íîÖØÞÏÐÔØßÓßÌïÓÑØ×ÖÓðÌßÏÌñÓÌàÓÜòÓóÌôÓÑÚðÛÓßÌßÏÌÝØÏÖÑØÓÔÌõÑ×ÖöÜØÑÓÔÌ÷ÌøÚÐùߨÑÓÔóÌúÓÖÛÓÌû×ÔÓóÌ ÙÐüÏÖÛØÖÓýÌîÖØÞÏÐÔØßÓßÌßÏÌþÚÏÖ×ÔÌÙØÐÏÔóÌôÓÑÚðÛÓßÌßÏÌÝØÏÖÑØÓÔÌú×ÑØÓðÏÔóÌÿÐÚò×ÌßÏÌõÔÛÚߨ×ÔÌ ßÏÌú×ÑØ×ð×üùÓÌ0ØÔÛöÐØÑÓÌßÏÌÙÜ1ÐØÑÓÌñÓÛØÖÓÌ2ÿõú0Ùñ34ÌÝ×ÖÛÓÑÛ×5ÌòÓ×ðØÛÓÐ×ßÐØüÚÏ67÷ÓÒ××4Ñ×ÜÌ

țŸš8›¨

õÖÌÏÔÛÏÌÓÐÛùÑÚð×ÌÑÓÐÓÑÛÏÐØ6ÓÜ×ÔÌÛÐÏÔÌ9ÚÏÐ6ÓÔÌßÏÌßÏÐÏÑÒÓÌÚÏÌ

ÏðÌÔØÔÛÏÜÓÌßÏÌÐÏòÐÏÔÏÖÛÓÑØ×ÖÏÔÌÓÌÛÐÓÞ1ÔÌßÏðÌÑÚÓðÌÚÔÑÓÖÌÔÚÌ

ÓÐÐÓØü×Ìò×òÚðÓÐÌ÷ÌÏðÏÑÛ×ÐÓðÌ÷ÌòÐ×ðÏÜÓÛØ6ÓÖß×ÌÔÚÔÌÑÐØÔØÔÌ÷Ì

ðÓÌßÏÐÏÑÒÓÌÓÚÛ×ÐØÛÓÐØÓÌ÷Ìò×òÚðØÔÛÓÌðØßÏÐÓßÓÌò×ÐÌ!ÏØ"×ÌôÚ#Ø$

Ü×ÐØ%ÌðÓÌßÏÐÏÑÒÓÌÛÏÑÖ×ÑÐ&ÛØÑÓÌÏÖÑÓÐÖÓßÓÌÏÖÌ9ÚÖÑØ×ÖÓÐØ×ÔÌßÏÌ

õÔÛÓß×ÌÏÌØßÏöð×ü×ÔÌßÏÌߨÞÏÐÔ×ÔÌ»½¿²'´»µ²'³%Ì÷ÌðÓÌßÏÐÏÑÒÓÌ

Ñ×ÖÔÏÐÞÓß×ÐÓÌ÷ÌÐÏðØüØ×ÔÓÌÚÏóÌÓÚÖÚÏÌÖ×ÌÛØÏÖÏÌÚÖÓÌ×ÐüÓÖØ$

6ÓÑØöÖÌòÓÐÛØßÓÐØÓÌòÐ×òØÓóÌü×6ÓÌßÏÌÚÖÌò×ßÏÐÌßÏÌð×÷Ì÷ÌÑ×Ö$

Þ×ÑÓÛ×ÐØÓÌÚÏÌðÏÌÒÓÌòÏÐÜØÛØß×ÌÏðÌØÖüÐÏÔ×ÌÏÖÌðÓÌÓüÏÖßÓÌòá$

ðØÑÓóÌðÓÌò×ðùÛØÑÓÌòÓÐðÓÜÏÖÛÓÐØÓÌ÷ÌÏðÌõ#ÏÑÚÛØÞ×ÌÔÚÖÓÑØ×ÖÓð4

()é*ç+,*´

ò´»½¿³´µ±»¿êº·-´.·´ê½µ±µê»·±¿/·´»½±··´À¿Á½»´¼¹±ê·³´»½µ»´

¶¿³0°»·´»½·´ê°±±·²»´¾·±°¸¿µ²´0¹º¿»¿êµº´³ê·²·-´¿¶·²»¿¼Å¿²Á´

»½·´³Å³»·ì´¹¼´±·0±·³·²»µ»¿¹²³´»½±¹°Á½´.½¿ê½´»½·Å´³··'´

»½·¿±´0¹0°ºµ±´µ²¶´·º·ê»¹±µº´±¹¹»³-´µ²¶´0±¹1º·ìµ»¿/¿²Á´»½·¿±´

걿³·³´µ²¶´±·ê¹ì0¹³¿»¿¹²³2´¯½±··´»·²¶·²ê¿·³´¹±´³·ê»¹±³´µ±·´

3456738549:7;5:<=7;>?37<?3<6:<64:@>@=A3B7:C3D;7E:A54:FG:H53I>:

J=K3L>?3M:7;5:75N;6>N?<73N:C3D;7:5LF>4354:36:O7<75:>PN3<AB:

µ²¶´¿¶·¹º¹Á¿³»³´¹¼´¸µ±¿¹°³´¯½¿²'´¯µ²'³Q´µ²¶´»½·´ê¹²³·±¸µ»¿¸·´

(2)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIJKLMINHOPQHJPMORLSHTLHLUMVVKPONLHOWLXMOYZOPONL

GM[ZILJSHJLSHTLHUUM[ZWLPJLJMLZOJZILJSZLG\VUPXLHNZOWHRL

GHIUPH]ZOJHIKLGMUPJPXTLHOWLJSZLT\VOHJPMOHULZ^ZX\JPYZ_

`

abcdefgbhibjklmbnieobpaqeirsbdtbutvwbhibxdyrirbiabtgrbuvdtirbvadb

dwevxzdbpazieevxupsabhitbcdahdzgbxeirphiaupdtbagbtibrpqvibvadbevxzvedb

hitbrprzicdbhicgue{zpug|b}dbeiavaupdbhibnihegbndwtgb~vufar€pbnn~‚brib

xeghvƒgbzedrbtdrbhiavaupdrbhitbxdezphgb„vƒpcgeprzdb…viefdbngxvtdebrgweib

vadbxeirvazdbugcxedbhib†gzgrbdbtiqprtdhgeirbxdedbi†pzdebrvbhirzpzvupsabxgeb

rvxvirzgrbtdfgrbugabtdbicxeirdbwedrpti‡dbˆhiweiu‰z|bŠabrvbdvriaupd‹bitb†pŒ

uixeirphiazibdezyabŽpfudeedbdrvcpsbugcgbavi†dbudwifdbhitbiƒiuvzp†gbugab

itbxegxsrpzgbhibeirzdwtiuiebtdbqgwieadwptphdhbxiehphdbdbtgbtdeqgbhib†ipazib

cirirbhibqirzpsabhibnn~bbdhitdazdebtdrbei„gecdrbirzevuzvedtirbeiviepŒ

hdrbxdedbeizgcdebtdbriahdbhibueiupcpiazgbiugascpugbhibtdbotzpcdbhudhd|

}iƒgrbhibcdeudebvab„pabhibuputg‹btdbhpcprpsabhibnn~b„vibrgtgbvadbizdxdb

c{rbiabtdbtdeqdbudeeiedbxgebtdb‰iqicgaydbvibcdazpiaibia„eiazdhgrbdb

hprzpazgrbriuzgeirbhibtdbhieiu‰dbxievdad|bngebvabtdhg‹btdbhieiu‰dbdvzgŒ

epzdepdbbxgxvtprzdbtphiedhdbxgeb~ip€gb…vƒpcgep‹bvpiabwvrudb‰ieihdebitb

udxpzdtbxgtyzpugbhitbi‘hpuzdhgebdevpziuzgbhibtdb’xdup„pudupsa“bbtdbei„gecdb

aigtpwiedtbiabitbnieo|bngebgzeg‹btdbhieiu‰dbziuague{zpudbvi‹bdbzed†rbhib

„vaupgadepgrbibphistgqgrbhibhp†iergrbJSPO”LJHO”T‹beixeiriazdbtgrbpazieiŒ

rirbhibvadbtpzibiugascpudbzedaradupgadtbxeiguvxdhdbxgebtti†debtdrbeiŒ

„gecdrbhibdƒvrzibirzevuzvedtb‰drzdbrvrbotzpcdrbugariuviaupdr|bŠabzieuieb

tvqde‹bvadbhieiu‰dbhibugezibeitpqpgrgbbugarie†dhgebvi‹brpbwpiabagbuviaŒ

zdbugabvadbgeqdapfdupsabxdezphdepdbxegxpd‹bqgfdbhibvabxghiebhibtgwwbb

uga†gudzgepdbvibtib‰dbxiecpzphgbitbpaqeirgbdbtdbxgtyzpudbadupgadtbdbedyfb

hibtgrbhiwdzirbrvrupzdhgrbxgebzicdrbugcgbtgrbhieiu‰grbri‘vdtirbbeiŒ

xeghvuzp†grbbitbeiugagupcpiazgbhibhieiu‰grbdbtdbhp†ierphdhbhibqaieg|l

Šrzibirvicdbhibtdrbhprzpazdrbi‘xeirpgairbhibtdbhieiu‰dbxievdadbciŒ

eiuibugcxtiƒpfderibugabvadbtiuzvedbzedar†ierdtbhitbrprzicdbhibdtpdaŒ

fdrbvib‰dbpautpadhgbtdbwdtdafdbiab„d†gebhibvadrbvbgzedrbiabhprzpazdrb

ugvazvedrbbiabitbvibzpiahiabdbhirhpwvƒderibtdrbhp„ieiaupdrbvibiab

vabugcpiafgbxdeiuydabzdƒdazir|bndedbagbpebcvbtiƒgr‹b†dtibtdbxiadbeiŒ

(3)

0

1

22

34

5

67

89

86

7

6

LMNLMOPMQPROSRLTUNRVPRMPUMPQPWLOXTNWPQRYZPRXTMXZSOMNWRPWRLNMWNRORSOR[T\

]ZMORVPR^^_RPWRLTP`UNQRVPRSORXO`UOaORUMPQTVPWXTOSRYZPRSNRPW[MPWLbROR

_PTcNRdZeT`NMTfRgWROYZPSRPWLNWXPQhRSOR`OiNMjORVPRSNQROWOSTQLOQRXNTWXTVTbR

PWRO[TM`OMRYZPRQPRLMOLOkORVPRVNQRSjWPOQRVPRUPWQO`TPWLNRiROXXTbWRXSO\

MO`PWLPRVTQLTW]ZTkSPQRiROMMOT]OVOQRPWRLMOVTXTNWPQRlTQLbMTXOQRVTmPMQOQfnR

oTWRP`kOM]NhRZWORmPpRSSPmOVNROSRXO`UNRVPRSORMPOSRUNSTLTchR_ZXpiWQcTR

LPM`TWbROXPMXqWVNQPROSRQPXLNMRcPWeTQLORVPRdZPMpOR^NUZSOMRUOMORPmTLOMR

QZRmOXOWXTORUMPQTVPWXTOSRSP]OWVNhRPWRXNWLMOUMPQLOXTbWhRPSRrUPMVbWR`s\

VTXNtRORuSkPMLNRdZeT`NMTfRuSR`TQ`NRLTP`UNhRPSR[ZeT`NMTQ`NRVTQLORVPRQPMR

ZWRkSNYZPRUNSjLTXNRXNWQTQLPWLPhRUZPQRlORVPkTVNRPW[MPWLOMRQZXPQTmOQRXMT\

QTQRTWLPMWOQRUMNVZXLNRVPRSORUPSPORPWLMPRSNQRlPM`OWNQR_PTcNRiR_PWeTf

vO`UNXNRQNWRXSOMNQRSNQRSj`TLPQRYZPRQPUOMOWRORLPXWbXMOLOQhR[ZeT`NMTQLOQRiR

OUMTQLOQRPWRMPSOXTbWROSR`NVPSNRPXNWb`TXNRiRORSORVP[PWQORVPRTWLPMPQPQRVPR

]MOWVPQRP`UMPQOQRLMOWQWOXTNWOSPQfRwORXNWLTWZTVOVRWPNSTkPMOSRQPRVOkORUNMR

VPQXNWLOVORXZOSYZTPMORYZPR[ZPMORPSRMPQZSLOVNRVPSRkOSSNLO]PRVPRnxyzR{PW\

LMPR^^_RiR_PTcN|hR`TPWLMOQRYZPRSORUOMLTXTUOXTbWRVPRUNSjLTXNQhR[ZWXTNWOMTNQR

iRP`UMPQOMTNQRVPRLNVNRPSRPQUPXLMNRUNSjLTXNRPWRPSRPQXqWVOSNRVPRXNMMZUXTbWR

XNWRSORXNWQLMZXLNMORkMOQTSPaOR}VPkMPXlLRLPM`TWbRP`UOMPWLOWVNhRPWRSNQR

lPXlNQhRORSOQRVPMPXlOQRXNWRSORXPWLMN\TpYZTPMVORVPRuSPeOWVMNRvNSPVNRiRPSRPL\

WNXOXPMTQ`NRVPR}SSOWLOR~Z`OSOfRwjVPMPQRVPRLNVNQRSNQRQPXLNMPQRTWmPQLT]O\

VNQRUNMRXNlPXlNhRXNSZQTbWRiRLMq[TXNRVPRTW[SZPWXTOQhROQjRXN`NRUNMRSORMPXPU\

XTbWRVPRVTWPMNRTSjXTLNROR[OmNMRVPRSOQRXO`UOaOQRPSPXLNMOSPQRUMPQTVPWXTOSPQhR

VT[TXZSLOWRSORVTQLTWXTbWRVPRMOQ]NQRTVPNSb]TXNQRORSNQRNeNQRVPRSORXTZVOVOWjOf

gSRUOWNMO`ORVPR[MO]`PWLOXTbWRiRXMTQTQRUNSjLTXORVPQXMTLNRlOQLOROYZjRXNTW\

XTVPRXNWRSORXNW`P`NMOXTbWRVPSRUPMTNVNR`qQRP€LPWQNRVPRmT]PWXTORVPSR

QTQLP`ORMPUMPQPWLOLTmNRPWRLNVORSORlTQLNMTORVPSR^PMR{y‚ROaNQ|RihRUOMO\

VbeTXO`PWLPhRXNWRPSR`N`PWLNRVPR`OiNMRVPQXMPT`TPWLNRVPRQZQRXTZVOVO\

WNQRPWRSORUNSjLTXOfRƒNWR`TMOQRORXN`UMPWVPMRPQLPRPQXPWOMTNhRPSRUMPQPWLPR

OMLjXZSNRkZQXORXNWLMTkZTMRORSORXOMOXLPMTpOXTbWRVPRSOQR[ZPMpOQRVPRVPMP\

XlORPWRSORVTQUZLOROXLZOShRTVPWLT[TXOWVNRPSRQTQLP`ORVPRMPUMPQPWLOXTNWPQR

ORLMOmsQRVPSRXZOSRkZQXOWRQZROMMOT]NRUNUZSOMRiRPSPXLNMOShROSRLTP`UNRYZPR

nRR„OUOLOhRnxyz…R†OMO`TSSNhRnxyzf

(4)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIJHIKLMKNLOPJHIKLMJLQKRLONGRGRLSLNJOTUVTRGOGTHJRWLXPJQIKRLSLNJXPJQIKRWL

MJLJRIJLRJOITNLIKHLOTHYQGOIGXTLOTUTLZJIJNT[\HJTLMJLQKLVTQ]IGOKLVJNPKHK^L

_`abcdcef`a`ghidjh`dj`akaeljcmhcl`d

nQLoQIGUTLNTPHMLMJQLJHYNJHIKUGJHITLJHINJLQTRLZJNUKHTRLpPqGUTNGLVNTr

sKsQJUJHIJLMJOKHIJLJHLQKLJtVPQRGuHLMJLvJHqGLSLMTRLMJLRPRLMGVPIKMTRL

KMJVITRLMJQLwTH[NJRTLMJLQKLxKOGuHLVTNLQKLOKPRKLyPJLQTRLXGHOPQKLKLQKL

XJHIKLMJLXTITRLVKNKLJXGIKNLQKLXKOKHOGKLMJQLJtVNJRGMJHIJLvPOzSHR{G^L

nRIKLHTLJRLMJQLITMTLPHKLXGOITNGKLVKNKLQKLQGMJNJRKLMJLpPJNzKL|TVPQKNWLIJr

HGJHMTLJHLOPJHIKLRPLONJOGJHIJLMJRON\MGITLJHINJLQKLOGPMKMKH]K^L}J[oHL

QKLoQIGUKLJHOPJRIKLHKOGTHKQLPNsKHTrNPNKQLMJLQKLOTHRPQITNKL~pvWLvJG{TL

pPqGUTNGLJH[NTRKLQKLIJNHKLMJLVTQ]IGOTRLyPJLUKSTNLNJOZKzTL[JHJNKLJHr

INJLQTRLVJNPKHTRL€‚ ƒLqPHITLOTHLRPLZJNUKHTLvJHqGL€‚ ƒLSLJQLKVNGRr

IKL„QKHL~KNO]KL…‚ ƒ^†LxTLTsRIKHIJLRPLVTVPQKNGMKMLJHLVGOKMKWLJQLVTr

MJNLMJLYPJ[TLMJLvJG{TLSLpPJNzKL|TVPQKNLMJHINTLMJQLwTH[NJRTLSLRTsNJL

TINKRLNKUKRLMJQLVTMJNLVosQGOTLJRI‡LQJqTRLMJLJtIGH[PGNRJ^LˆNKRLQT[NKNLQKL

NJHPHOGKLMJL||vWLRPLMTUGHGTLRJLOTHRTQGMKLKLINKX\RLMJQLZTRIG[KUGJHITL

QJ[KQWLMGROPNRGXTLSLUJMG‡IGOTLKLOPKQyPGJNLRJOITNLTVTRGITNWLJHLVN‡OIGOKRL

yPJLHTLRTQTLJXTOKHLQKRLYTNUKRLU‡RLTROPNKRLMJQLYPqGrUTHIJRGHGRUTWLRGHTL

yPJLNJZKsGQGIKHLSLKOIPKQGzKHLRPLNJIuNGOKLKPITNGIKNGKLSLOTHINKGHRPN[JHIJ^

nHLPHLOTHIJtITLMJLOTQKVRTLMJQLnRIKMTWLONGRGRLJOTHuUGOKLSLXGTQJHOGKLVTQ]IGr

OKWLJQLN\[GUJHLMJL„QsJNITLpPqGUTNGLTVJNuLPHKLNJOTHYG[PNKOGuHLKPITNGIKNGKL

MJQLTNMJHLyPJLKOIPuLJHLOTHINKLMJLQKLKYGNUKOGuHLMJLQKRLGHRIGIPOGTHJRLMJr

UTON‡IGOKR^L„QLUTUJHITLMJLRPLOKHMGMKIPNKLKLQKLVNJRGMJHOGKWLRJLOPUVQ]KL

PHKLM\OKMKLMJQLOTHYQGOITLKNUKMTLyPJLJHYNJHIKsKLKQLnRIKMTLVJNPKHTLOTHL

QKLGHRPN[JHOGKLUKT]RIKLMJQL|w|r}JHMJNTL‰PUGHTRTLSLJQLVK]RLKINKXJRKsKL

VTNLPHKL[NKXJLONGRGRLMJLNJVNJRJHIKOGuHLyPJLKsN]KLJQLVKRTLKLQKRLOKHMGMKr

IPNKRLŠGHMJVJHMGJHIJR‹^LnQLOKHMGMKITLŒKNGTLKN[KRL‰QTRKLSLRPLQGsJNKQGRUTL

JtKOJNsKMTL[JHJNKsKHLNJOZKzTLJHINJLQKRLOKVKRLUJMGKRLSLVTVPQKNJRWLVTNL

QTLyPJLJQLMGROPNRTLKHIGVTQ]IGOTLMJLpPqGUTNGLZGzTLZGHOKVG\LJHLQKLKVJQKOGuHLKL

QTRLRJOITNJRLGHYTNUKQJRLSLQKLMJYJHRKLMJLUJMGMKRLZJIJNTMTtKRWLKR]LOTUTL

JHLRPLOKN‡OIJNLMJLTPIRGMJNLMJLQTRLRJOITNJRLVTQ]IGOTRLSLJOTHuUGOTRLMTUGr

HKHIJR^LŽHKLXJzLQQJ[KMTLKQLVTMJNWLSLMJROKN[KMTLMJLQKRLVNTUJRKRLMJLOKUr

VKKWLpPqGUTNGLsPROuLJRIKNLJHLRGHITH]KLOTHLQTRLJUVNJRKNGTRWLQKRLpPJNzKRL

„NUKMKRLSLQKRLKPITNGMKMJRLHTNIJKUJNGOKHKRLyPJWLJHLPHLVNGHOGVGTWLMPr

MKsKHLMJLRPLOKVKOGMKMLVKNKLNJVNJRJHIKNQTRLSLOTHMPOGNLJHLOTHRJOPJHOGKL

JQLMJRIGHTLMJQLVK]R^LnQL[JRITNLMJLJRIKRLRGHJN[GKRLYPJLJQLYQKUKHIJLKRJRTNL

VNJRGMJHOGKQWLJtOKVGI‡HLMJQLnq\NOGITLSLKsT[KMTWLQKMGUGNTLŒTHIJRGHTR^L

(5)

0

1

22

34

5

67

89

86

7

6

LMNOPQNRPSPTUVWXRYOZN[U\P]M^PNTMQOP_UP`NYVN^YOaXVRMNQYTYOX^PMNaX^XN_Mb

cY^QX^NYQNWM^QMNXNUQNa^MdYTWMNeUYNcUOTXcXN^YOWXU^X^NYVNM^RYQNOMTPXVNdN

aMVfWPTMNRYOXSPXRMNaM^NVXNPQOU^_YQTPXZNXVNWPY]aMNeUYN^YYOW^UTWU^X^NVXON

^YVXTPMQYONgOWXRMbOMTPYRXRNRYNXTUY^RMNTMQNVXN]XW^PhNQYMVPcY^XViNgVNa^Pb

]Y^NMc\YWPjMN^YeUP^P`NUQNYOW^YTkX]PYQWMNRYNVMONVXhMONTMQNVMON]PVPWX^YON

eUYNOYNTMQT^YW`NYQNVXN^YM^_XQPhXTP`QNRYNVMONXaX^XWMONTXOW^YQOYOZNXUb

]YQWXRMNYlaMQYQTPXV]YQWYNOUONa^Y^^M_XWPjXOZNdNYQNVXN^YjPOP`QNRYNVXN

YOW^XWY_PXNOY_UPRXNTMQW^XNmYQRY^MNnU]PQMOMNdNYVNopqrNsoMjP]PYQWMN

pYjMVUTPMQX^PMNqtaXTNr]X^UuNOY_tQNVMONaX^v]YW^MONRYNVXN_UY^^XNTMQb

W^XOUcjY^OPjXiwNxPTkXN^YjPOP`QNP]aVPT`NUQNa^MWX_MQPO]MNPQyRPWMNRYNVXON

XTWPjPRXRYONRYNPQWYVP_YQTPXzNsYQNVXONeUYNoMQWYOPQMONSUQ_P`NTM]MNaMRY^N

YQNVXNOM]c^XNdNYQVXTYNTMQNVXON[UY^hXONr^]XRXOuNXOfNTM]MNVXNY\YTUb

TP`QNRYNUQXNaMVfWPTXNYlWY^PM^NeUYNOUcM^RPQXcXNVXNkPa`WYOPONRYN_UY^^XN

TMQNVMONaXfOYONjYTPQMONXNVXNjPTWM^PXNYQNYVNS^YQWYNPQWY^QMiNnXONQUYjXON

RPOaMOPTPMQYONWM]X^MQNSM^]XNVY_XVNYQNVXNa^M]UV_XTP`QNRYN]vONRYN{|N

RYT^YWMONa^YOPRYQTPXVYONOMc^YNaXTPSPTXTP`QNdNRYSYQOXNQXTPMQXVNeUYNYlb

a^YOXcXQNVXONXOaP^XTPMQYONRYNVMONOYTWM^YONkY_Y]`QPTMONRYNVXON[[rri}N

~M^NMW^XNaX^WYZNOPNcPYQNYVN]MRYVMNQYMVPcY^XVNdXNOYNkXcfXNYTkXRMNXNXQRX^N

RYORYNVMON_McPY^QMONRYNoM^XVYONY^]tRYhNs€z‚b€}|uNdNYVXtQRYNqY^^dN

s€}|b€}‚uZNSUYNVXNT^POPONRYNVXNa^MaUYOWXNƒQXTPMQXVZNaMaUVX^NdNRY]Mb

T^vWPTX„NRYNrVXQN…X^TfXNs€}‚b€|uNseUYNRY_YQY^`NYQNUQN^y_P]YQNTMb

^^UaWMNdNTVPYQWYVX^NX]cPYQWXRMNYQNVXNaYM^NT^POPONYTMQ`]PTXNRYNVXNkPOWM^PXN

aY^UXQXuNVXNeUYNXVVXQ`NYVNWY^^YQMNaX^XNVXNP]aMOPTP`QNRYNUQN^y_P]YQNRYN

VPc^YN]Y^TXRMN]vONX_^YOPjMNdNa^MSUQRMiNgVN~Y^tNOYNjPMNXSYTWXRMNaM^NUQXN

wNNgOWMONaX^v]YW^MONYOWvQNTMQRYQOXRMONYQNYVNoXQUXVNRYVNg\y^TPWMN~Y^UXQMNRYN€}Nƒ…UY^^XNQMN TMQjYQTPMQXViN†MQW^XOUcjY^OP`Q„ZNRMQRYNXNaX^WP^NRYNVXONYjXVUXTPMQYONdNXQvVPOPONRYNVMNeUYNkXcfXN ‡ˆ‰Š‹Œ‡Ž‹ŽŠ‘‡‹’‹’“‘Œ‹‘Аޔ‹’‹‡“•–”‡ˆ—˜‹‡‹ˆ‰Žˆ™‘‹š‹Ž”Ž‹‰‹‘Š””›ˆ”‹””Š”‡‹ ‡Ž”Žœ›ˆ‘Ї‹š‹‡‹‰™‹’‡‹’š‡˜‹‘”‘Ž”ž‡Žˆ‘‡˜‹Š•ŸŽˆ–Ї‹š‹ “‰¡ŽŠ‡¢‹‰‹’‹’“‘Œ‹‘Аb W^XOUcjY^OPjXNeUYNOYNVPc^XcXNYQNYVNaXfOiNqXaPXZN€zi

zNN£’‹¤”–ˆ‘ˆŠ‹‰‹¥Ž’ˆ›‘ˆ‹¦¤¥§¨‹¡©’ˆ—‹Š”¡¡Ž‹‡“‹›”‰Š‹‰‹ˆª“‘ˆ‹©Š’žŽˆ‘˜‹’‹ TMQTYQW^X^NQMNOMVMNVXNPQSM^]XTP`QN^YVXTPMQXRXNTMQNVMON]MjP]PYQWMONRYNVMON_^UaMONPQOU^_YQWYOZN ‡ˆŠ‹’‹Ž”‹ˆ‘“¡•‘ˆ‹‹¡Ž”ˆ‹‰‹Ž”«™‘Š‹‰‹‰”Š›‡‹ˆ’ž‘ˆŽ‡‹š‹‘‘ˆŠ‡‹‰‹‡©ˆŠŸ‹‹’‹ MaMOPTP`Qi

(6)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIJKLMNOKHNPQRISNTPLULRVWLNPGHKWVWLQNWSIRKWLSIUKHVPLIRLOXPYVLZKLZKYKPKHL

KRLQXPSNVPI[NKPYVLZKRL\WYIZVLULSVPLKRLIOIHIYVLOHVZXSYNJVLKPLHXNPIWLWKL

OHVZX]VLRILKSRVWNTPLZKLXPLNP[KPWVLWKSYVHLNPQVH[IRL^XKLZKWSVPVS_ILULZKW`

ISIYIaILRIWLPVH[IWLVQNSNIRKWLULSVPJKPSNVPIRKWbLcILNPZNWSHN[NPIZILHKOHK`

WNTPL[NRNYIHdL]XWYNQNSIZILKPLRILI[KPIeILZKRLYKHHVHNW[VLULKRLPIHSVYHfQNSVdL

GKPKHTLXPLSRN[ILZKLZKWVHZKPdLYK[VHLKLNPSKHYNZX[aHKLGKPKHIRNeIZVWbg

hVPLiX]N[VHNLKPLKRLOVZKHdLKRLOHVSKWVLZKLjI]XWYKLULKWYIaNRNeISNTPkLNPSRXUTL

[KZNZIWLSVPVSNZIWLSV[VLRILIOKHYXHILZKLRILKSVPV[_IdLRILQRKlNaNRNeISNTPLZKL

RIWLHKRISNVPKWLRIaVHIRKWdLKRLNPNSNVLZKLRILOHNJIYNeISNTPLZKLRIWLK[OHKWIWLOm`

aRNSIWdLKRLHKWSIYKLZKRLWNWYK[ILQNPIPSNKHVLULRILPKGVSNISNTPLZKRLOIGVLZKLRIL

ZKXZILKlYKHPILSVPL[NHIWLILHKSXOKHIHLRILSVPQNIPeILK[OHKWIHNIRdLQIJVHKSKHL

KRLHKOXPYKLZKLRIWLNPJKHWNVPKWLULKRLSHKSN[NKPYVLKSVPT[NSVLWKGmPLRILHKSKYIL

PKVRNaKHIRbLcILIZVOSNTPLZKLKWYIWL[KZNZIWLRKLJIRNTLILiX]N[VHNLRILIOHVaI`

SNTPLULMIRIGVLZKLRVWLWKSYVHKWLQNPIPSNKHVWLULRVWLVHGIPNW[VWL[XRYNRIYKHI`

RKWdLIW_LSV[VLKRLHKWOIRZVLZKLK[OHKWIHNVWdLNPYKRKSYXIRKWLULSVPGHKWNWYIWL

RNaKHIRKWLOVHLKRLHKSNKPYKLNPGHKWVLZKRLnKHmLIRLSRXaLZKLOI_WKWLjK[KHGKPYKWkbLL

oVLVaWYIPYKLMIaKHLHKSNaNZVLRILIOHVaISNTPLZKRLhVPGHKWVLOIHILK[NYNHLZK`

SHKYVWLRKGNWRIYNJVWLULRVGHIHLSNKHYVWLISXKHZVWLSVPLRILVOVWNSNTPdLiX]N[VHNLUL

RVWL[IPZVWL[NRNYIHKWLRRKJIHVPLILSIaVLXPLjIXYVGVROKkLKPLIaHNRLZKLpggqdL

ZKWPXZIPZVLRILPIYXHIRKeILSIWYHKPWKLULIXYVHNYIHNILZKRLHrGN[KPbL\PLRIL

KYIOIL^XKLWKLKlYKPZNTLMIWYILpggsdLKRLOHVGHI[ILZKLGVaNKHPVLWKLSVPSKP`

YHTLKPLRILHKIQNH[ISNTPLZKRLOVZKHLKWYIYIRLILYHIJrWLZKLRIWLQTH[XRIWLIPYK`

HNVH[KPYKLZKWSHNYIWtLN[ORK[KPYISNTPLZKL[KZNZIWLZKLI]XWYKLKWYHXSYXHIRL

KPLRVLKSVPT[NSVLULRXSMILIPYNWXaJKHWNJILQKHVeLKPLRVLOVR_YNSVbLnKHVLOHVPYVL

QXKLKJNZKPYKL^XKLRILZKSNWNTPLZKRLGVROKLMXPZ_ILWXWLHI_SKWLKPL[VYNJVWLZKL

VYHILSRIWKbLuKGmPLhVYRKHdLKWYVWLNPSRX_IPLRIL[IPNQNKWYILMVWYNRNZIZLSVPYHIL

RILjOIHYNZVSHISNIkdLRILSVPJNSSNTPLISKHSILZKLRILPKSKWNZIZLZKLXPILj[IPVL

ZXHIkL^XKLZNWSNORNPIHILILRILWVSNKZIZLULSVPZX]KHILKRLOI_WLILaXKPLOXKHYVdL

ULKRLNPYKHrWL[NRNYIHLOVHLKRN[NPIHLRILNP]KHKPSNILZKLRVWLZNHNGKPYKWLOVR_YNSVWL

KPLKRLGVaNKHPVLZKRLOI_WbpvLoVWVYHVWLIGHKGIH_I[VWLXPVL[fWtLRILI[aNSNTPL

ZKW[KZNZILZKLiX]N[VHNLULwVPYKWNPVWL^XKLZKHNJTLKPLXPILSVVOYISNTPLZKL

RVWLHKSXHWVWLKSVPT[NSVWLKLNPWYNYXSNVPIRKWLZKRL\WYIZVLSVPLQNPKWLOIYHN[V`

PNIRKWbLxW_dLKPLRILWKGXPZILKYIOILZKRLHrGN[KPdL^XKLWKLSNHSXPWSHNaKLZKWZKL

QNPIRKWLZKLRVWLPVJKPYILMIWYILWXLSVRIOWVLKPLKRLIyVLqvvvdLWKLOHVZX]VLXPIL

KlSKWNJILSVPSKPYHISNTPLZKRLOVZKHLKPLXPILOK^XKyILSI[IHNRRILRNZKHIZILOVHL

wVPYKWNPVWdL^XKLIZK[fWLZKLIWX[NHLKRLSVPYHVRLSIWNLYVYIRLZKRLOVZKHLKWYI`

YIRLSVPLQNPKWLZKLKPHN^XKSN[NKPYVLOKHWVPIRdLHKSXHHNTLIL[rYVZVWL[IQNVWVWL

OIHILGIHIPYNeIHLRILN[OXPNZIZLZKLWXWLSH_[KPKWLULWXL[IPYKPN[NKPYVLKPL

KRLOVZKHbL\RLuzoLKlYKPZNTLWXWLNPSX[aKPSNIWLOIHILIXWSXRYIHLILRILVONPNTPL

(7)

0

1

22

34

5

67

89

86

7

6

LMNOPQRSTUVWXPYRZTRTORTVLVWPQP[\STR]^OR\XRZTVL^ZRXP_VWTLWPQV`WVQPRO^WTaT

XV]VTXPLVT]^Tb^]P]RWTZ^LZ^WP_RWTLRZRTORTLZ^W^Z_RQP[\T]^OTZcYPb^\dTeVOVT

^\TQVaf\XfZRWT^O^QXVZRO^WTW^TL^ZbPXP[TORTgVZbRQP[\T]^TbV_PbP^\XVWTXZR\`

WPXVZPVWT]^TRLVaVTROTYVNP^Z\VST]^WQRZXR\]VTQfROhfP^ZTLVWPNPOP]R]T]^Tf\RT

VZYR\PiRQP[\TLRZXP]PWXRThf^TLf]P^ZRT]PWLfXRZT^OTOP]^ZRiYVTROTLZ^WP]^\X^d

jRTOfQURTOPNZR]RTQV\XZRTe^\]^ZVTjfbP\VWVTROQR\i[TRTOVWTbV]^OVWT]^T

VZYR\PiRQP[\TWVQPROThf^TW^T]^WRZZVOORNR\TRT\P_^OTOVQROTaTZ^YPV\ROdTkROT

^WT^OTQRWVT]^TORTZ^LZ^WP[\TQV\XZRTORTQVROPQP[\T]^bVQZlXPQRT]^TmihfP^Z]RT

n\P]RTomnpTVT^OTRW^WP\RXVT]^TOq]^Z^WTWVQPRO^WToRTXZR_cWT]^TVZYR\PiRQPV`

\^WTLRZRbPOPXRZ^WTQVbVT^OTrVbR\]VTsV]ZPYVTtZR\QVTVT^OTuZfLVTrVOP`

\RpSThf^T\VTWVOVTNfWQ[TWVQR_RZTORTQRLRQP]R]T]^TROPR\iRWT^\XZ^TejTaT

OVWTLVNZ^WTfZNR\VWTaTZfZRO^WSTWP\VTXRbNPc\TWPO^\QPRZSTQRWXPYRZTaT_^\Q^ZT

LVZTORT_qRT]^OTbP^]VTRTORTWVQP^]R]TL^ZfR\RT^\TWfTQV\vf\XVST^OPbP\R\`

]VTQfROhfP^ZT^Wgf^ZiVTVZYR\PiR]VThf^TW^TVLfWP^W^TROTLZVa^QXVTgfvPbV`

ZPWXRdTrVbVTRW^_^ZRTwfZXSTxoypT^OTbP^]VTW^TP\QZfWX[T^\TORTb^\XROP]R]T

]^TOVWTL^ZfR\VWdTz\Tf\RTWVQP^]R]T^\TORTQfROTORTW^Yb^\XRQP[\TWVQPROT

LVZTZRiRTaTQORW^T^WT]^TLVZTWqTLZVgf\]RST^OTbP^]VT^{RQ^ZN[TORTWVWL^`

QURT]^OT|VXZV}TaT]^_P\VT^\Tf\TZRWYVThf^T]^gP\qRTORT_P]RTQVXP]PR\Rd~T

z\TQV\XZRWX^TQV\TORWT^{L^ZP^\QPRWT]PQXRXVZPRO^WT]^Tr^\XZVRbcZPQRTaT^OT

rV\VTefZSTORTZ^WLV\WRNPOP]R]T^\TOVWTQRWVWT]^T_PQXPbPiRQP[\T^\T€^ZMT^WT

QVbLRZXP]RTLVZT^OTzWXR]VTaTORTP\WfZY^\QPRdTrVbVTLf^]^TO^^ZW^T^\TORWT

QV\QOfWPV\^WT]^OTm\gVZb^T]^TORTrVbPWP[\T]^TORT^Z]R]TRbNVWTW^QXVZ^WT

bP\RZV\TORWTP]^\XP]R]^WTQVO^QXP_RWST]^WXZfa^ZV\TORWTNRW^WTbRX^ZPRO^WTaT

bVZRO^WTZ^hf^ZP]RWTLRZRTORTVZYR\PiRQP[\TWVQPROT^TP\VQfORZV\Tf\RTQfOXfZRT

]^OTbP^]VThf^TRM\TW^TZ^WLPZRT^\XZ^TOVWTL^ZfR\VWd‚Tƒ]^blWST]P^ZV\TLP^TROT

P\_VOfQZRbP^\XVTRQXP_VT]^TQP_PO^WT^\TORTOfQURTQV\XZRP\WfZY^\X^TRTXZR_cWT

]^TORTQZ^RQP[\T]^TrVbPXcWT]^TƒfXV]^g^\WRTorƒ„WpSTgVZbR]VWT^\TVQRWPV`

\^WTQVbVTM\PQVTb^]PVT]^T]^g^\WRTgZ^\X^TRTe^\]^ZVTjfbP\VWVSTL^ZVST^\T

VXZVTNf^\T\Mb^ZVT]^TQRWVWSTLVZTORTLZ^WP[\T^TP\XPbP]RQP[\T]^TORWTgf^ZiRWT

RZbR]RWTVT]^TVXZVWTrƒ„WdTz\Tb^]PVT]^OTgf^YVTQZfiR]VSTORWTVZYR\PiR`

QPV\^WT]^TgRbPOPRZ^WT]^T_qQXPbRWTaTOVWT]^g^\WVZ^WT]^T]^Z^QUVWTUfbR`

\VWThf^TNfWQRZV\T]^\f\QPRZTaTZ^WPWXPZTRTORT_PVO^\QPRTgf^ZV\T]^QZ^XR]VWT

^\^bPYVWTLVZTOVWTNR\]VWT^\T]PWLfXRTaTLZP_R]VWT]^TXV]VWTWfWT]^Z^QUVWd

ePTNP^\T^WXRWTLZlQXPQRWT]^TRb^]Z^\XRbP^\XVTW^TUROORNR\TLZ^W^\X^WTR\X^WT

]^TORTOO^YR]RT]^TtfvPbVZPSTRhf^OOVT^W^\QPROTRTWfTbR\]RXVTgf^TORTQV\WXZfQ`

QP[\T]^Tf\TxQV\W^\WVTRfXVZPXRZPV~T^\Tf\T^v^ZQPQPVTQVbNP\R]VT]^TP\WXZf`

b^\XROPiRQP[\T]^OTbP^]VSTZ^VZYR\PiRQP[\TWPbN[OPQRT]^TORTWVQP^]R]TaTQOP^\`

X^OPWbVdTzOTLZPb^ZTgRQXVZTNfWQ[TRQ^\XfRZT^OTQV\X^{XVT]^TQZPWPWTP\X^Z\RTLRZRT

(8)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIJKLKMNOPQNPOHRJHONPSTPQNPUVOWNQKSNSPXPQNPNMTRJNMKYUPSTPHUPZITUJKSVPMV[

W\U]PLN^VON_QTPNPIVQHMKVUTIPSTPZWNUVPSHON]PXPIHIRTUIKYUPSTPQNPQTXPMVWVP

\UKMNIP^`NIPSTPINQKSNPNPQNP^KVQTUMKNPXPTQPMNVIPTMVUYWKMVaPbQPcTMcVPSTPTI[

RTMJNMHQNOKdNOPTQPNMTMcVPITUSTOKIJNPefHTPRNONPTUJVUMTIPXNPcN_`NPSNSVPIHP

INQJVPSTPQNPIKTOONPNPQNPMNRKJNQghPQTPNMVWRNiYPQNPROVSHMMKYUPSTPHUPSKIMHOIVP

NMTOMNPSTPQVIPRTQKjOVIPSTP^VQ^TOPNPHUPRNINSVPSTP^KVQTUMKNhPTIJNUMNWKTUJVP

TMVUYWKMVPXPMNVIhPMVUPTQPfHTPITPOTLVOdN_NPQNPUTMTIKSNSPcKIJYOKMNPSTQPLH[

GKWVOKIWVPNUJTPQNPNHITUMKNPSTPNQJTOUNJK^NIPTUPTQPOTIJVPSTQPNOMVPRVQ`JKMVa

kNPOTVOjNUKdNMKYUPIKW_YQKMNhPRVOPIHPRNOJThPJH^VPMVWVPIVRVOJTPNPQVIPMN[

UNQTIPSTPJTQT^KIKYUPXPVJOVIPWTSKVIPSTPMVWHUKMNMKYUPcTjTWYUKMVIPMVWVP

QNPROTUINPZMcKMcN]hPfHTPUVPIVQVPcKMKTOVUPNMTRJN_QTPQNPOTIVQHMKYUPROK^N[

SNPSTPQVIPNIHUJVIPR\_QKMVIPeNPJON^lIPSTPROmMJKMNIPSTPGHIJKMKNPRVOPWNUVP

ROVRKNhPRVOPTGTWRQVghPIKUVPfHTPNSTWmIPGHIJKLKMNOVUPQNPMVWRQTJNPSTI[

cHWNUKdNMKYUPSTPQNPVRVIKMKYUPeMK^KQPXPNOWNSNghPTUPHUPSKIMHOIVPWNUK[

fHTVPfHTPTIJOTMcYPQNP^KjTUMKNPSTPQVIPSTOTMcVIPcHWNUVIPXPQNPSTWV[

MONMKNPNIKWKQNUSVPNPIHIPSTLTUIVOTIPXPOTMQNWNUJTIPMVWVPZITO^KSVOTI]P

STQPJTOOVOKIWVaPnQPROTIKSTUJTPTUPRTOIVUNPITPVMHRYPSTPSTINMOTSKJNOPNP

fHKTUTIPSTUHUMKN_NUP^KVQNMKVUTIPSTPSTOTMcVIPcHWNUVIPRVOPRNOJTPSTP

QNIPoHTOdNIPbOWNSNIhPNSHMKTUSVPfHTPTONUPLNQINIPVPfHTPZepgPWKUN_NUP

QNPWVONQPSTQPRTOIVUNQPMNIJOTUITPTUPIHPQHMcNPMVUJONPQNPIH_^TOIKYU]aqr

oKUNQWTUJThPTQPMQKTUJTQKIWVhPMVUMOTJNSVPTUPHUPjNIJVPIVMKNQPTsRNUIK^VP

VOKTUJNSVPNPQNIPUTMTIKSNSTIPSTPQVIPWmIPRV_OTIPeMVUIJOHMMKYUPSTPMNWK[

UVIhPTIMHTQNIhPRHTUJTIPXP^K^KTUSNghPJTOWKUYPSTPITUJNOPQNIP_NITIPSTPHUP

QKSTONdjVPUTVRVRHQKIJNPTUPTQPfHTPoHGKWVOKPMHQJK^N_NPHUP^`UMHQVPSKOTMJVP

MVUPQNIPWNINIPROTITUJmUSVITPMVWVPZTQPtcKUV]PSTPQNPjTUJTaPnUPTLTMJVhP

TQPuKUKIJTOKVPSTPQNPvOTIKSTUMKNPMVUMTUJON_NPTQPwxy PSTQPROTIHRHTIJVPTI[

JNJNQPSTIJKUNSVPNQPMVW_NJTPSTPQNPRV_OTdNhPTUPMVUJONPSTQPry PNIKjUNSVP

NPQVIPjV_KTOUVIPQVMNQTIhPTUPHUNPRVQ`JKMNPVOKTUJNSNPNPjNUNOPTQPOTIRNQSVP

STPQVIPITMJVOTIPWmIPSTROKWKSVIPSTPQNPTIMNQNPIVMKNQaPvOVjONWNIPSTPNIKI[

JTUMKNPNPQNIPWHGTOTIPWmIPRV_OTIhPSVUNMKYUPSTPNQKWTUJVIhPWNJTOKNQTIPSTP

MVUIJOHMMKYUPXPNUKWNQTIhPcKMKTOVUPRNOJTPSTPHUPROVjONWNPfHTPROTJTUS`NP

ROK^KQTjKNOPQNPSTWVMONMKNPIVMKNQPRVOPTUMKWNPSTPQNPSTWVMONMKNPRVQ`JKMNa

tVUPJVSVPXPTQPWTMNUKIWVPNHJVOKJNOKV[MQKTUJTQNOPNMTKJNSVhPQNPMN`SNPSTQPOl[

jKWTUPSTPoHGKWVOKPLHTPHUPROVMTIVPfHTPMVWTUdYPNPjTIJNOITPTUPqzz{PJONIP

QNPMVUJOV^TOIKNPjTUTONSNPRVOPQNPNROV_NMKYUPSTPQNPkTXPSTP|UJTOROTJNMKYUP

(9)

0

1

22

34

5

67

89

86

7

6

LMNOPNQRSTUVMWUXSYQZQNSYSU[MU[W\MP]SU^WWZWRRQ_PTU`U[WUWaNWP]Q_Ubc[USZZcU

]WUZSUQbdM\PSRQ_PU]WUZS[UWZWRRQePW[U]WZUSfeUghhhUWPUZS[UVMWUiMWURSP]Qj

]SNeUkPQRelULUZS[U]WPMPRQS[U]WUi^SM]WUWZWRNe^SZUWZWmS]S[Ude^UZSUede[QRQ_PU

[WU[MbS^ePU]e[UW[RcP]SZe[UVMWU]W[WPRS]WPS^ePUWZUReZSd[elUne^UMPUZS]eTU

WZUQPmeZMR^SbQWPNeU]WUoMpQbe^QU`UqePNW[QPe[UWPUMPUQPNW^RSbYQeU]WUS^bS[U

de^U]^e\S[URePUZS[UoMW^rS[UL^bS]S[UsWmeZMRQePS^QS[U]WUteZebYQSUuoLstvlU

ne^UeN^SUdS^NWTUZSU]QiM[Q_PU]WZUd^QbW^eU]WUbMRXe[UmQ]We[UWPUZe[UVMWU[WU

^W\Q[N^SYSUSUqePNW[QPe[U[eYe^PSP]eUSUMPUReP\^W[Q[NSU]WUZSUede[QRQ_PU

dS^SUVMWU]QW^SU[MUSde`eUSZUiMpQbe^Q[belUwQUYQWPUZe[UW[RcP]SZe[UiMW^ePUMPU

YeRXe^PeUdS^SUZSU[eRQW]S]UdW^MSPSU`UMPU]W[R^O]QNeUQ^^WmW^[QYZWUdS^SUWZU

iMpQbe^SNeTU[MUeRM^^WPRQSUPeUNW^bQPSU]WUWadZQRS^UZSURSx]SU]WZU^O\QbWPlUySU

W^e[Q_PUdSMZSNQPSU]WU[MUZW\QNQbQ]S]UdMW]WU^S[N^WS^[WUXS[NSUz{{|TUSfeU]WU

bemQZQrSRQ_PU`Ue^\SPQrSRQ_PU]WUZSU[eRQW]S]URQmQZURePN^SUZSU]WRQ[Q_PUdS^ZSj

bWPNS^QSU]WU]Q[eZmW^UWZU}^QYMPSZUteP[NQNMRQePSZUde^UedePW^[WUSUZSUSd^eYSj

RQ_PU]WUZSUyW`U]WU~PNW^d^WNSRQ_PULMNOPNQRSlUnS^SUZe[URebQRQe[U]WZUghhhU`SU

W^SPUPMbW^e[e[UZe[USPNWRW]WPNW[U]WUbemQZQrSRQ_PURSZZWpW^SlULUZe[UQP]Q\j

PS]e[Ude^UWZUi^SM]WUWZWRNe^SZU[WU[MbS^ePUZe[U]W[RePNWPNe[Ude^UZe[UWiWRNe[U

WbdeY^WRW]e^W[U]WZUbe]WZeUWReP_bQReTUZSU^Wd^W[Q_PUQP]Q[R^QbQPS]SU`UZSU

mQeZSRQ_PU[Q[NWbcNQRSU]WU]W^WRXe[UXMbSPe[lUyS[Ud^eNW[NS[Ud^eiMP]QrS^ePU

ZS[U]QmQ[QePW[USZUQPNW^Qe^U]WUZSUReSZQRQ_PU\eYW^PSPNWU]QiQRMZNSP]eU[MURSdSj

RQ]S]UdS^SUbSPNWPW^UWZURePN^eZU[eY^WUWZUd^eRW[eUdeZxNQReTUbQWPN^S[UVMWU

ZSU^WmW^YW^SRQ_PU]WUZSUd^eNW[NSUQPNW^PSUSUPQmWZUQPNW^PSRQePSZTUdS^NQRMZS^j

bWPNWUWPUZSU€LU`UWZU]WdS^NSbWPNeU]WU€[NS]eUPe^NWSbW^QRSPeTUNW^bQP_U

]WUS\M]QrS^UZS[URePN^S]QRRQePW[U`UbS^R_UZSUQP[e[NWPQYQZQ]S]U]WZU^O\QbWPl

oMpQbe^QUd^W[WPN_U[MU^WPMPRQSUSUZSUn^W[Q]WPRQSU]WZUnW^kUWZUggU]WUPemQWbj

Y^WU]WZUghhhUSUN^SmO[U]WUMPUiSaUWPmQS]eU]W[]WUSd_PlULZZxU[WUbSPNMmeUiMj

\QNQmeU]M^SPNWURQPReUSfe[TUXS[NSUVMWU]WRQ]Q_UmQSpS^USUtXQZWU]W[]WU]eP]WU

iMWUWaN^S]QNS]eUWPUghh|Ude^UZe[URS[e[U]WUmQeZSRQePW[U]WU]W^WRXe[UXMbSj

Pe[U`U]WZQNe[U]WURe^^MdRQ_PU]M^SPNWU[MU\eYQW^PelULUZSUdWPSU]WU[WQ[USfe[U

de^UWZU]WZQNeU]WUM[M^dSRQ_PU]WUiMPRQePW[UWPUWZUSZZSPSbQWPNeU]WUZSUmQmQWPj

]SU]WU‚ZS]QbQ^eUqePNW[QPe[TU[WUZWU[MbS^ePTUWPUghh{TUgƒUSfe[U]WURc^RWZU

RebeUSRNe^UbW]QS]eUWPUWZUS[W[QPSNeU]WUgƒUdW^[ePS[UWPUZS[UbS[SR^W[U]WU

„S^^Qe[ULZNe[Uuz{{zvU`UZSUtSPNMNSUuz{{gvUSUbSPe[U]WZU\^MdeUdS^SbQZQNS^U

teZQPSTU`Ude^UWZU[WRMW[N^eU]WUMPUdW^Qe]Q[NSU`UMPUWbd^W[S^QeUWPUz{{glU

€[WUbQ[beUSfeUWbdWr_UZSU^WReZWRRQ_PU]WUiQ^bS[UdS^SUZSUQP[R^QdRQ_PU]WU

oMW^rSUghzzTUdS^NQ]eUZQ]W^S]eUde^U[MUXQpSTU…WQ†eUoMpQbe^QTUVMWUd^W[WPNSj

^xSURSP]Q]SNe[USUZS[UWZWRRQePW[Ud^W[Q]WPRQSZW[TU^W\QePSZW[U`UReP\^W[SZW[lU

‡ˆ‰Š‹ŒŽ‹ŒŽ‘’“”•–

€ZU^WRe^^Q]eUde^UZSUXQ[Ne^QSU]WZU^O\QbWPUiMpQjbePNW[QPQ[NSUdW^bQNWURebj

d^WP]W^UWPUbWpe^UbW]Q]SUWZUZQ]W^Sr\eU]WU…WQ†eUoMpQbe^QlUySUZQ]W^W[SU]WU

oMW^rSUnedMZS^UuSPNW[UoMW^rSUghzzvU]QeUWZU[SZNeUSUZSUdeZxNQRSUWPUghh—U

RMSP]eUeYNMmeUZSUbS`e^UmeNSRQ_PUWPUZS[UWZWRRQePW[UdS^ZSbWPNS^QS[lU€PU

(10)

0

1

22

34

5

67

89

86

7

6

"" #$%&'()$*+),(-./$*'/.*#$%-')*0**1).&2/3*45*362/7)*85*99:*;<*-*4<5*97(2/7*$/2/$%7/*'/*;=>8*0*?@@AB*;<;;0CD=E

FGHIJKHGLMGNOPQRKFISPITLFKSPUVGLINLHQWNGXGLRGSLINLYZ[YL\L]UIL^GMGJPIL

HINLXG_QIJSGLHILPUJSGLISLVKJQG^LMJGRI^G^LNIXQ^NKPQVG^`LSGLMJI^ISPaLSQSXbSL

MJG\IRPGLHILNI\LJINIVKSPI`L\LXGcaLHILNQRISRQK^LMGJLFKPIJSQHKHL\LI^PUHQG^L

NKLFK\GJLMKJPILHINLPQIFMGdLeQSLIF_KJXG`L^ILFKSPUVGLISLINLMKO^LISLPQIFf

MG^LISLNG^LgUIL^ULMKHJILIFMJISHOKLNKLhUQHK`LPISQISHGLgUILIS]JISPKJLKLNK^L

RGFQ^QGSI^LgUILQSHKXK_KSLINLGJQXISLHILNG^LJIRUJ^G^LgUILNILMIJFQPQIJGSL

I^PUHQKJLISLINLIiPJKSjIJGdLk^PIL]UILINLFGFISPGLMKJKLINIVKJL^ULMIJ]QNL\L

RGSVIJPQJ^ILISLNKLRKJKLVQ^Q_NILHILNKL^IXUSHKLXISIJKRQaSLHINL]UjQFGJQ^FGdL

lUWSPGLHINLNIXKHGLHIL^ULMKHJILhKLFKSPISQHGL\LRUWSPGLHILI^PILNGXJKL

RKMQPKNQcKJLISLNK^LUJSK^L^GSLRUI^PQGSI^LKLI^PUHQKJdLeQLG_^IJVKFG^LNKL

hIJISRQKLMGNOPQRKLHINLIiHQRPKHGJ`LNKLMG^QRQaSLHILmIQnGLhKL^QHGLHILHI]ISf

^KLI^PJQRPKLHILNGLKRPUKHGLMGJL^ULMKHJIL\LRGSHISKLHILNGLGMIJKHGLMGJL^UL

K^I^GJ`LoNKHQFQJGLpGSPI^QSG^dLkSL^ULJINKPG`LNKLRGJJUMRQaSL\LNK^LVQGNKf

RQGSI^LHILHIJIRhG^LhUFKSG^L^GSLJI^MGS^K_QNQHKHLIiRNU^QVKLHINLIijI]IL

HILQSPINQXISRQK`LFQISPJK^LgUILNKL]KNPKLHILqUjQFGJQL]UILINLIiRI^GLHILRGSf

]QKScKLISL^ULFKSGLHIJIRhKTLrpQLMKHJILRGFIPQaLINLXJKVILIJJGJLMGNOPQRGL

HILFKSPISIJLKLoNKHQFQJGLpGSPI^QSG^LhK^PKLINL]QSKNLHIL^ULXG_QIJSGdstu

vKLJIPaJQRKLSIXKRQGSQ^PKLI^PWLISLNKLFwHUNKLQHIGNaXQRKLHILqUIJcKLZGMUNKJ`L

gUILQS^Q^PILISLNKLQSGRISRQKLHILqUjQFGJQLISLPGHG^LNG^LRK^G^LjUcXKHG^LHIL

RGJJUMRQaSL\LVQGNKRQGSI^LHILHIJIRhG^LhUFKSG^dLYHIFW^`L^ILIiMJI^KLISL

NK^LHQ^MUPK^LMGJLNKLFIFGJQKLHINLMK^KHGLJIRQISPILISLINLZIJb`LRU\GL^ISf

PQHGL\L^QXSQ]QRKHGLSGLhKL^QHGL]QjKHGLKLgUQSRILKxG^LHILNKLMU_NQRKRQaSLHINL

yS]GJFILHILNKLlGFQ^QaSLHILNKLoIJHKHL\L[IRGSRQNQKRQaSLzlo[{dt|LYLI^K^L

HQ^RJIMKSRQK^`LFURhK^LVIRI^LMb_NQRK^`L^U_\KRISL^QXSQ]QRKHG^LHQ^PQSPG^L

HILjU^PQRQKL\LPKF_QwSLVQ^QGSI^L\LJIRUISPG^LHQ]IJISPI^LHILNGLgUIL]UILNKL

XUIJJKdt}LY^O`LJI^UNPKSLQNU^PJKPQVG^LHG^LHI_KPI^LJIRQISPI^TLNKLHQKPJQ_KL

MGJLNG^LRK^G^LHILI^PIJQNQcKRQaSL]GJcKHKLHILFW^LHIL~|LFQNLFUjIJI^LISLNKL

HwRKHKLHINLSGVISPKL\LNKLRGS]JGSPKRQaSLISLPGJSGLKLNG^LG_jIPQVG^L\LRGSf

PISQHG^LHINLvUXKJLHILNKLpIFGJQKLzv€p{LRGSL^QPGLISLNKLRQUHKHLHILvQFKd

KSLMK^KHGLFW^LHILPJI^LHwRKHK^LHI^HILNKLQFMNIFISPKRQaSLHINLZJGXJKFKL

‚KRQGSKNLHILeKNUHL[IMJGHURPQVKL\LZNKSQ]QRKRQaSLqKFQNQKJLzZ‚e[Zq{LgUI`L

ISPJILtƒƒ}L\L~`LMJGHUjGLNKLI^PIJQNQcKRQaSLFK^QVKL\LSGLRGS^ISPQHKLHIL

FUjIJI^`LISL^ULFK\GJOKLMG_JI^`LKSKN]K_IPK^`LQSHOXISK^L\LHILJIRQISPIL

tuLL„…†‡ˆ‰Š‹ŒˆLzŽtLHILISIJGLHIL~t}{d

t|LLrvKL^ISPISRQKLHILKJJQG^LYNPG^L\LvKLlKSPUPKL]UILMJIMKJKHKLKSPI^LHILgUILwNL]UIJKLRGSHISKHGL \LFQISPJK^LwNLI^PK_KLISLINLIiPJKSjIJGdL‚G^GPJG^LRJIIFG^LISLNKLQSGRISRQKLHILYN_IJPGLqUjQFGJQ`L MIJGLKLNKLVIcL^IxKNKFG^LgUILwNLPUVGLUSKLXJKSLJI^MGS^K_QNQHKHLMGNOPQRKLRGFGLMJI^QHISPI`LKNLhK_IJL MIJFQPQHGLgUILI^PG^LhIRhG^LHILRGJJUMRQaSL^URIHQIJKSLz{s`LK^IXUJaLmIQnGLKNLHQKJQGLkNLlGFIJRQGL ISLISIJGL~t}dL

(11)

0

1

22

34

5

67

89

86

7

6

LMNOPQPROSTUMVMTWXYZU[WULMN\MT]TU^VPULTM_PUQPUWT`ULNWa_SOT`UQPUb]NQPMRSc

dTOSeRfUQPWU`PO_NMUQPUWTU`TWVQUSROWVSQT`UPRUPWU]NQPWNURPNWSgPMTWUQPUhVc

iS]NMSjUPRUOVkNUQST\Re`_SONU`PUONR`SQPMeUlVPUPWUOMPOS]SPR_NULNgWTOSNRTWU

PMTUVRNUQPUWN`U^TO_NMP`UWS]S_TR_P`ULTMTUPWUQP`TMMNWWNUPONRe]SONUQPWULTa`jU

mTOSPRQNUQPUWTULWTRS^SOTOSeRU^T]SWSTMUVRTULMSNMSQTQUQPU\NgSPMRNXYnUoULTM_SMU

QPUWTUMPpPWTOSeRUQPUlVPUWT`UP`_PMSWSdTOSNRP`UlVSMqM\SOT`U^VPMNRUWWPpTQT`UTU

OTgNUQPU]TRPMTUSRpNWVR_TMSTjUWTUQPRP\TOSeRU^ViS]NMS`_TURNU`PUmSdNUP`LPc

MTMXUrTULNWS_eWN\TUsTMaTUtPOSWSTUuSWWP\T`ULVgWSOeUVRUWSgMNUONRUVRUQS`OVM`NU

LMP_PRQSQT]PR_PUTOTQv]SONjUrTUpPMQTQUQPUVRTU]PR_SMTwU[WUOT`NUQPUWT`U

xyyU]SWUP`_PMSWSdTOSNRP`U^NMdTQT`jUPRUPWUOVTWUT`PpPMTUlVPU`PU_MT_TUQPUVRU

]S_NUOMPTQNULNMUWT`UNM\TRSdTOSNRP`U^P]SRS`_T`UPRUTWSTRdTUONRUWTUz\WP`STU

tT_eWSOTUkUWN`U`PO_NMP`UONR`PMpTQNMP`jULTMTUb{|}USRONMLNMTMUVRTUTOV`TOSeRU

OTLTdUQPUS]LTO_TMUPRUWTUWS`_TUQPUOVP`_SNRT]SPR_N`UTWUMv\S]PRU^ViS]NMS`c

_TU`SRUQP_PRPM`PUTULPR`TMUlVPUP`PUT^~RULNWa_SONUP`_TgTUQP`_MVkPRQNUVRTU

TQPOVTQTULNWa_SOTULqgWSOTUlVPUPWULTa`URPOP`S_TgTUkU`S\VPURPOP`S_TRQNXfY

oVRlVPUuSWWP\T`UmTUMP]TMOTQNU`VURNULPM_PRPROSTUTWU^ViS]NMS`]NjU`VUNgMTU

mTU`PMpSQNUQPUSR`V]NUTUWN`U`PO_NMP`UlVPUgV`OTRUQP`WSRQTMUTWUMv\S]PRUQPU

OVTWlVSPMUMP`LNR`TgSWSQTQUPRUWTUpSNWTOSeRUQPUQPMPOmN`UmV]TRN`UkULMP`PRc

_TMUWN`UOT`N`UQPRVROSTQN`UON]NUmPOmN`UTS`WTQN`XU[RU€yYU`PUTMOmSpeUWTU

QPRVROSTULNMUWTULMP`VR_TUTV_NMaTU]PQST_TUQPUhViS]NMSUkU`V`UP‚]SRS`_MN`U

QPU`TWVQjUMP`LNR`TgSWSdTRQNUTUWN`U]vQSON`UkUTWULPM`NRTWUQPU`TWVQUSRpNWVc

OMTQNUPRU`SP_PUOT`N`XUƒSRUP]gTM\NjUWTUWVOmTUQPUWT`UpSO_S]T`UONR_SRqTUONRU

YZUƒP\qRUWTUSRpP`_S\TOSeRUQPU„TWWeRjU€yY…jUb{|}U`SUgSPRUWTUOT]LT†TUQPUP`_PMSWSdTOSeRUP`_TgTUQSMSc \SQTU_TR_NUTUpTMNRP`UON]NUTU]ViPMP`jU`PU^NOTWSdeUPRUPWULqgWSONU^P]PRSRNUQPUgTiN`UMPOVM`N`jUONRU LMNLT\TRQT`UlVPUTWPR_TgTRUTUWTUP`_PMSWSdTOSeRUON]NUPWU]v_NQNUONMMPO_NUQPUONR_MTOPLOSeRXUrTU ‡SR^NM]TOSeRˆUlVPUMPOSgaTRUWT`U]ViPMP`ULNMULTM_PUQPUWN`ULMN^P`SNRTWP`UQPUWTU`TWVQUPMTRU]VOmT`U pPOP`USRON]LMPR`SgWP`ULTMTUWT`ULNgWTOSNRP`UlVPURNUmTgWTgTRUOT`_PWWTRNU{LNgWTOSNRP`UQPUmTgWTU lVPOmVTUkUTk]TMT}UNURNU`PUV`TgTURSUP‚LWSOTgTUPWU_vM]SRNU‡P`_PMSWSdTOSeRˆU`SRNUPWUQPU‡oR_SONRc OPLOSeRU‰VSMqM\SOTUuNWVR_TMSTˆU{o‰u}XUrT`ULPM`NRT`UlVPU`PU`N]P_aTRUNUlVPUPMTRU`N]P_SQT`UTUWTU ^VPMdTjURNUONRNOaTRUWN`UTWOTROP`UQPUP`_TUNLPMTOSeRfXU

YnUUtN]NUQP`OMSgPRUsSMTRQTUkUŠT]SRjU€yynwUb‹WŒTU]P_TUPMTUMPQVOSMUWTU_T`TUQPUOMPOS]SPR_NULNgWTc OSNRTWUTRVTWUTUVRTUOS^MTUTWMPQPQNMUQPUYjYZULTMTUPWULPMaNQNUYc€yyyXUŽSOmNUSRQSOTQNMU]N`_MTgTU VRUQP`OPR`NULMN\MP`SpNUlVPU`PUmTgaTUSRSOSTQNUPRUWT`UQvOTQT`UTR_PMSNMP`jU`SPRQNU€jnUPRUPWULPMaNc QNUYYcYZ€jU€jyUPR_MPUYnYcYxjUTWOTRdTRQNUYjZUPR_MPUYxc€yy€jUSROWVkPRQNUP`_PUqW_S]NU PWULPMaNQNUQPU\NgSPMRNUQPUhViS]NMSXU[RUN_MT`ULTWTgMT`jUPWUP`LPMTMUWTU_PRQPROSTUQPUMPQVOOSeRUQPWU ‘’“’‘”•–—˜–™š›’–”›š—œ‘—›‘œ–—›—š›ž—•‘”œ‘”’›ž—–™ž‘Ÿ›œ›ž—”–—ž‘ ›—ž¡’‘”•‘¢—£”•–”‘ž¤— WTU]P_TU`PMaTULNMUPWUONR_MTMSNUTOPWPMTMUPWULMNOP`NXU[WU]S`]NUhViS]NMSU_N]eUVRUSR_PMv`ULPM`NRTWU PRU_TWULMN\MT]TUkjUON]NUOVTWlVSPMULWTRUlVPURPOP`S_TU]N`_MTMUMP`VW_TQN`jUTW\VRT`U]P_T`U^VPMNRU P`_TgWPOSQT`ULTMTULNQPMU]NRS_NMPTMUWN`UTpTROP`UkUPpTWVTMUWN`UWN\MN`UQPUP`_PULMN\MT]TjUPR_MPU PWWT`UPWURq]PMNUQPU]ViPMP`UP`_PMSWSdTQT`XU¥TU`SQNUSRQSOTQNUlVPUPWULMNOP`NUQPU]NRS_NMPNUPMTUS]c LWP]PR_TQNUQP`QPUPWU]S`]NU¦TWTOSNUQPU§NgSPMRNU{|}fX

(12)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIJGKLKMIKGILNOGPQGNRLSNITIHTIUMPOGIVNOGPTWGPLRTNTIKGIXGPGRYMZI[\WT]

NMZ^I_TPTIZGNKMZIZGROMPGZIKGIHTIZMRLGKTK`ITZaIRMWMIJTPTIMPbTNLcTRLMNGZI

RMWMIHTIUMMPKLNTKMPTIdTRLMNTHIKGIXGPGRYMZI[\WTNMZIeIfWNLZOaTIVNOGP]

NTRLMNTH`IHTIJMHaOLRTIKGIGZOGPLHLcTRLMNGZIgMPcTKTZINMIg\GI\NIRMNh\NOMIKGI

YGRYMZITLZHTKMZITKh\KLRTiHGZITIWjKLRMZILNGZRP\J\HMZMZ`IRMWMIi\ZRTIYT]

RGPIRPGGPIGZOGIHLiPM`IZLNMIk\GIlmnoIg\GIJGNZTKTIeIKLZGpTKTIKGZKGIGHIJPLNRL]

JLMIRMNIWGOTZIGZJGRagLRTZIk\GIZGIOGNaTNIk\GIR\WJHLPIZMHMIJTPTIGHIWjOMKMI

KGIGZOGPLHLcTRLMNGZIm^^^oIqMKMIGZOMIJTZSIeIKGIOMKMIGZOMIYTeIJP\GiTZrIZLNI

GWiTPbM`IHTIT\OMPTIHTZIMWLOGIMINMIHTZIJPGZGNOTIKGIWTNGPTIRMWJHGOTs^tuI

vHIMOPMIRTZMIJTPTKLbWwOLRMIGNIHTZIKLZJ\OTZIJMPIHTIWGWMPLTIPGRLGNOG`IeIGNI

GHIk\GIZGITKQLGPOGIRMNIWTeMPIg\GPcTIGHILNOGPjZIg\hLWMPLZOTIJMPIgLhTPI\NTI

GZRPLO\PTIKGIHTIYLZOMPLTIGNIRHTQGIRMNOPTLNZ\PbGNOG`IGZIHTIJMHjWLRTITiLGPOTI

GNIOMPNMITHIJPMJSZLOMIeIg\NRLMNGZIKGHIx\bTPIKGIHTIyGWMPLTImxzyo`I\NIGZ]

JTRLMIKGIRMNWGWMPTRLSNIJGKTbSbLRMIeIR\HO\PTHIk\GITHiGPbTIHTIYLZOMPLTIKGI

QLMHGNRLTIMR\PPLKTIGNIGHI_GP{IGNOPGI|}~uIeItuuu^IvHIJPLWGPITNOGRGKGNOGI

g\GIGHIJGKLKMIKGIPGN\NRLTITIZ\IKLPGROMP`I\LHHGPWMId\bGNO`IGNITbMZOMIKGI

tu|€`IJMPIlJGPWLOLPsIHTIGJMZLRLSNIKGIHTIPGOPMZJGROLQTI‚GZLZOGNRLTIƒL]

Z\THI|}}t`I\NTIPGgHGLSNIZMiPGIGZOGITpMIKGZKGIHTIWLPTKTIKGI„…ITPOLZOTZI

bPwgLRMZ`IRMHGROLQMZIeITROLQLZOTZ^IvHIJGKLKMIKGIPGN\NRLTIZGIKGiLSITIHTZI

RPaOLRTZIk\GIRMNbPGZLZOTZIKGIHTIiTNRTKTIg\hLWMPLZOTIYLRLGPMNITIHTIW\GZ]

OPTIJMPIRMNZLKGPTPIk\GIOGNaTI\NIRMNOGNLKMIZGZbTKMIeIKGZRMNOGO\THLcTKMI

TRGPRTIKGIHMIk\GIg\GIGHIbMiLGPNMIKGIfHiGPOMI†\hLWMPL^IfIGZOGIlHHTWTKMI

KGITOGNRLSNs`IHGIZLb\LSIGNIOLGWJMZIPGRLGNOGZIGHITOTk\GIQLP\HGNOMIKGHIG]

RMWTNKTNOGIKGHIvhjPRLOMIeITYMPTIRMNbPGZLZOTIJMPIfHLTNcTI_MJ\HTP`IvK‡LNI

XMNTePG`Ik\LGNITR\ZSITHIxzyIKGIYTRGPITJMHMbaTITHIOGPPMPLZWMIeINMILNRH\LPI

KGNOPMIKGIZ\IGJMZLRLSNINTKTIk\GIKGZRPLiTIGHIQTHMPIKGIHMZIWLHLOTPGZIk\GI

RMWiTOLGPMNITIˆGNKGPMIx\WLNMZM^IUMWMIRMPMHTPLMIKGIZ\IKGN\NRLT`IHTI

JGPZMNTIk\GIb\LTiTIHTIQLZLOTIKGIXMNTePGIg\GIZGJTPTKTIKGIZ\IRTPbMIeIGHI

RMNbPGZLZOTIZMHLRLOSIHTIPGGZOP\RO\PTRLSNIKGHIx\bTPIKGIHTIyGWMPLT^IUTiGI

PGRMPKTPIk\GIGHIxzyINTRLSIRMWMIJTPOGIKGI\NTIJMHaOLRTIGZOTOTHIk\GIi\ZRSI

PGZJMNKGPITIHTIGLbGNRLTIKGIHTZIQaROLWTZIeIZ\ZIgTWLHLTZIKGIPGRMNMRGPIHMZI

YGRYMZIQLMHGNOMZIMR\PPLKMZIK\PTNOGIKMZIKjRTKTZIKGIRMNgHLROMITPWTKMIeI

Z\ZIRMNZGR\GNRLTZIJTPTIHTIZMRLGKTKIJGP\TNT^IxMZIYGRYMZIKGIQLMHGNRLTI

ZMNIRMNOTKMZIOTHIRMWMIg\GPMNIGJ\GZOMZIGNIKMR\WGNOMZIMgLRLTHGZIRMWMI

GHIVNgMPWGIKGIHTIUMWLZLSNIKGIHTIƒGPKTKIeI‚GRMNRLHLTRLSNIeIPTOLgLRTKMZIJMPI

ZGNOGNRLTZIGWLOLKTZIJMPIGHIZLZOGWTIKGIh\ZOLRLT^IXGITYaIk\GIHTITRRLSNIKGHI

RMNbPGZLZOTIXMNTePGIKGiTIZGPIHGaKTIRMWMIJTPOGIKGIHTIGZOPTOGbLTINGbTRLM]

NLZOTIk\GITbH\OLNTITIKLZOLNOMZIbP\JMZIeIHaKGPGZIKGIMJLNLSNIQLNR\HTKMZITHI

g\hLWMPLZWMIeITIZGROMPGZIKGIHTZIg\GPcTZITPWTKTZIPGZJMNZTiHGZIKGIbPTQGZI

QLMHTRLMNGZITIHMZIKGPGRYMZIY\WTNMZ`Ik\GIZGIJPMJMNGNIMR\HOTPIHMZIYG]

(13)

0

1

22

34

5

67

89

86

7

6

LMNOPNLQRRSTNOPTQRUVWXPXYPLNVZYSLWNPUR[UTNPXPS[\NVXRPQVUP]XROS^VPTXPYUP

MSOWNRSUP\XRQUVUPLN[\UWS_YXPLNVPYUPS[\QVSTUTP`PYUPLN[SOS^VPTXPTXYSWNOaP

bcOPUYYcPTXPYUPLN`QVWQRUdPYUOP\NYe[SLUOP\NRPYUOPXOWXRSYSfULSNVXOPZNRfUg

TUOP`PYNOPSVWXVWNOPTXPLRS[SVUYSfULS^VPTXYPhibPOXPSVOLRS_XVPXVPXYPN_jXWSg

]NP[U`NRPTXPLNVONYSTURPQVUP[X[NRSUPMXRNSLUP`POUY]UTNRUPTXYPkQjS[NRSlP

mXOWNRPTXYP[SYUmRNPXLNV^[SLNdPXVPLNVWRUOWXPLNVPYNOPWSX[\NOPTXP\N_RXfUP

XPMS\XRSVZYULS^VPTXPYNOPmN_SXRVNOPUVWXRSNRXOdP`P\ULSZSLUTNRPTXYPnXRoPpQXdP

jQVWNPUPYUOPkQXRfUOPqR[UTUOdPRXOWUQR^PXYPNRTXVP`PYUPWRUVpQSYSTUTPULXg

LMUTNOP\NRPXYPWXRRNRSO[NaPiVUP[X[NRSUPXVPYUPpQXPYUPTXOSmQUYTUTP`PYUP

XrLYQOS^VPTXPU[\YSNOPOXLWNRXOPTXPYUP\N_YULS^VdPYUOP]SNYULSNVXOP[UOS]UOP

TXPTXRXLMNOPMQ[UVNOP`PYNOPLRs[XVXOPTXPYXOUPMQ[UVSTUTPVNP\UOUVPTXP

OXRPXZXLWNOPLNYUWXRUYXOdPLUONOPUSOYUTNOPNPXrLXONOPXO\NRcTSLNOPTXPUmXVg

WXOPXOWUWUYXOPpQXPTXO]SURNVPOQPLNVTQLWUaPtUOWUPMN`dPXYPRXYUWNPTXPQVPZQg

WQRNP[NTXRVNP`PTXPU_QVTUVLSUPTXO\RXVTSTNPTXPQVP\UOUTNPTXP[SOXRSUP`P

LUNOPNRSXVWUPYUPRXW^RSLUPTXPYUPTXRXLMUPZQjS[NRSOWUP`POQOPUYSUTNOPVNPONYNP

LN[NP[eWNTNP\URUPXOpQS]URPOQOPTXQTUOPLNVPYUPjQOWSLSUdPOSVNPWU[_SeVP

LN[NPXOWRUWXmSUP\URUPXVZRXVWURP`PTXOLUYSZSLURPUPOQOPXVX[SmNOP\NYsWSLNOa

uXSvNPkQjS[NRSPMUPpQXRSTNP[URLURPTSZXRXVLSUOPLNVPOQP\UTRXPLN[NPQVUP

LSQTUTUVUPRXO\XWQNOUPTXYPXOWUTNPTXPTXRXLMNlPwxyNzPTXPVSVmQVUP[UVXRUP

MQ_SXRUPLXRRUTNPXYP{NVmRXONa|}~PnXRNPXOWUP]NLULS^VPTX[NLRcWSLUPMULXP

UmQUPXVPLUTUPSVWXVWNPTXOWSWQ`XVWXPTXPYNOP\NTXRXOP\o_YSLNOPX[\RXVTSTNP

\NRPkQXRfUPnN\QYURaPVWRXPWUVWNdPYUPRXUYSfULS^VPOS[_^YSLUPTXYPZQjS[NRSO[NP

OXPULWQUYSfUPXVPQVPTSOLQRONPpQXPXr\YNWUPXYP[SXTNPURRUSmUTNPXVWRXPYNOP\Xg

RQUVNOPWN[UVTNPLN[NP_UVTXRUPXYPWX[UPTXPYUPSVOXmQRSTUTaP€XVWRNPTXPYNOP

\RN`XLWNOPTXPYX`P\RXOXVWUTNOP\NRPYUPYSTXRXOUPXVPXYP{NVmRXONPOXPXVLQXVg

WRUVPYUPSVLNR\NRULS^VPTXPYUP\XVUPTXP[QXRWXP\URUP]SNYUTNRXOPTXPVSNOP`P

XYPLUOWSmNPOX]XRNPTXPYUP\NRVNmRUZsUPSVZUVWSYaPhUPTXYSVLQXVLSUPXOPXYPVQX]NP

wNWRN|PpQXdPXVPWNTNPLUONdPVNPWXR[SVUPTXPTXO\YUfURPUYPwWXRRNRSO[N|dPXOXP

ZUVWUO[UPoWSYPUPYNOPZSVXOPTXPTXOLUYSZSLURPUPWNTNPUpQXYPpQXPLNVWRN]SXRWXPNP

TXON`XPUYPZQjS[NRSO[NaP‚UYP]XfPUpQsPRUTSpQXPXYP[U`NRPYXmUTNPTXPUY_XRWSOg

[NlPQVUPONLSXTUTPUYWU[XVWXP\NYURSfUTUdPLNVPQVPOSOWX[UPTXP\URWSTNOPXRNg

OSNVUTNP`PQVUOPSVOWSWQLSNVXOPTXOULRXTSWUTUOPpQXPRXOWUVPZXPUPYUPTX[NLRUg

LSUP\URUPUYS[XVWURPQVP\N\QYSO[NP\QVSWS]NPUYWU[XVWXPXZSLUfaPƒQXTUP\NRP]XRP

OSPuXSvNPRXULWS]URcPXYPS[UmSVURSNP\UWXRVNPTXPYsTXRPZQXRWXP`PmXVXRNONPpQXP

XVWRXmU_UPRXmUYNOPUPYNOP\N_RXOdP[SXVWRUOPwUjQOWSLSU_U|PUPYNOPWXRRNRSOWUOaP

nNRPYNP\RNVWNdPYUPLU_XfUPTXPkQXRfUPnN\QYURP_QOLUP[NOWRUROXPLN[NPQVUP

RXVN]ULS^VPOQ\XRUTNRUlPw„eP[SRURPUPYUPMSOWNRSUPTXP[SP\UsOaP„ePpQePLU\sg

WQYNOPOXPTX_XVPRX\XWSRP`POeP[Q`PLYURNPLQcYXOPVN|…}}PQVUPYSTXRXOUPYYU[Ug

(14)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIHIJKJLMNGMOIPHJIGQRMOMNSQHJITIHLUJVHOILUOIPHIWOMSUNSQPQHSQXNYZINKM[UI

MKRM\QJ\UILHOHIUSKPVHOIKNHILUP]VQSHIGMIQ\LKNQGHGITIUP[QGUI^KMINQM_HI

PHIOMJLUNJH`QPQGHGILUP]VQSHITILMNHPILUOIPUJISO]\MNMJISU\MVQGUJILUOIMPI

RKaQ\UOQJ\UITIGMJSUNUSMIMPIGMOMSbUIHIPHI[MOGHGITIPHIaKJVQSQHIGMIPHJI[]Sc

VQ\HJdIeHI\MNVHGHIOMNU[HSQXNINUILHJHIGMIJMOIKNIOMPM[H\QMNVUILHOSQHPI

GMILMOJUNHaMJIbQJVXOQSUJIGMPIHP`MOVQJ\UI^KMINUIJMIHSU\LHfHILUOIKNHI

VOHNJRUO\HSQXNIMNIPHJILOgSVQSHJdIhQI`QMNIPHI[QMaHI_KHOGQHIRKMIMiSPKQGHIGMI

PHIPQJVHILHOPH\MNVHOQHIGMIjKMOkHIlULKPHOIMNImnooIpSKHNGUIJMILOUSMGQXIHPI

OMSPKVH\QMNVUIGMIRQ_KOHJIJQNILHJHGUIRKaQ\UOQJVHqITIPHIHSVKHPIGQOQ_MNSQHI

VQMNMI\MNUJI[]NSKPUJISUNIrP`MOVUIjKaQ\UOQZIMPIOs_Q\MNIGMIPUJINU[MNVHITI

PUJI\QPQVHOMJtIjKMOkHIlULKPHOZISU\UIPHI\HTUO]HIGMIPUJILHOVQGUJILMOKHNUJZI

MJVgISU\LKMJVUISHGHI[MkI\gJILUOILUP]VQSUJIJQNIMiLMOQMNSQHZIQNGQJSQLPQNHc

GUJITISUOOKLVUJdmu

jQNHP\MNVMZIQNVMOMJHIHNHPQkHOIPHI[Q_MNSQHIGMIPHIOMPHSQXNIMNVOMIMPIRKaQ\Uc

OQJ\UITIPUJIJMSVUOMJILULKPHOMJdIhM_vNIwHLHVHZI\QMNVOHJI^KMIrP`MOVUIjKc

aQ\UOQIRKMIKNILULKPQJVHIGMIGMOMSbHJZI^KMIVMN]HIPHIPPH[MIGMPISPQMNVMPQJ\UITI

Hb]IK`QSH`HIJKIJULUOVMILUP]VQSUZIxMQyUIjKaQ\UOQILOMVMNGMI_QOHOIHIKNIPQ`Mc

OHPQJ\UI\gJIHJsLVQSUZI\MNUJIQ\LOM_NHGUIGMISPQMNVMPQJ\UZIGMJ\HOSHOJMI

GMIPHIMJVQOLMILULKPQJVHIGMIJKILHGOMILHOHIH`OHkHOIKNI\UGMPUI\gJIUOVUc

GUiUdmzI{NISUNVQNKQGHGISUNIMPIRKaQ\UOHVUZIMPIHOOHQ_UIGMIjKMOkHIlULKPHOI

MNVOMIPUJIJMSVUOMJI\gJILU`OMJIJMI\HNVQMNMdIhM_vNIKNHIMNSKMJVHIOMHPQc

kHGHILUOI|lh}hIlMOvIMNIPHI[]JLMOHIGMPI`HPUVHaMILOMJQGMNSQHPIGMImno~ZIPUJI

[UVHNVMJIGMIxMQyUILMOVMNMS]HNILOQNSQLHP\MNVMIHIPUJIJMSVUOMJIJUSQUMSUc

NX\QSUJIITI{ZIGUNGMIHPSHNkH`HIKNIz€ IGMIOMJLHPGUdm‚IeUJIMPMSVUOMJIGMI

llxZIMNISUNVOHJVMZILMOVMNMS]HNILOQNSQLHP\MNVMIHIPUJIJMSVUOMJIrITIƒZISUNI

KNIQN_OMJUIRH\QPQHOI\MNJKHPIGMIMNVOMIod‚~mITIudzu€I„hdm~IrIGQRMOMNSQHI

GMIllxZI^KQMNIMOHIOMJLHPGHGUILOQNSQLHP\MNVMILUOI[HOUNMJZIPUJI[UVHNVMJI

GMIxMQyUIMOHNIMNIJKI\HTUO]HI\KaMOMJIpzz qITILMOJUNHJI\MNUOMJIGMIznI

HfUJIpSHJQI~n qZIHKNISKHNGUIPHISHNGQGHVHIMNIH`JUPKVUIQNSPKTMIMNIJKI

QGMHOQUILOQNSQLQUJISMOSHNUJIHIPHILHOQGHGIGMI_sNMOUd

…MNQMNGUIMNISKMNVHI^KMIxMQyUIHvNINUISKMNVHISUNIHNVMSMGMNVMJIGMI_MJc

VQXNI^KMILMO\QVHNI\MGQOIJKIGMJM\LMfUIMNI\HVMOQHIGMILUP]VQSHIJUSQHPZI

MJIGQR]SQPI\MGQOIJKIHLM_UIMJVOQSVUIHIPHIUOVUGUiQHIMSUNX\QSHdIhKIlPHNIGMI

†U`QMONUILHOHIPHJIMPMSSQUNMJImno~IJMIGMJVHSHILUOIPHIQNVMOLMPHSQXNIHIPUJI

JMSVUOMJISH\LMJQNUJIMIQNRUO\HPMJI^KMINUIMNSKMNVOHNIMJLHSQUILHOHIGMc

JHOOUPPHOIJKJILOUTMSVUJ‡

muIIeM[QVJyTZImno~d

mzIIwHLHVHZImno~ZILdIom€d

IIhMIVOHVHIGMIPUJIJMSVUOMJISUNIKNIQN_OMJUIRH\QPQHOI\MNJKHPI^KMIUJSQPHIz~ˆITI€oˆI„hITISUNIKNHI VHJHIGMIGMJUSKLHSQXNIGMIMNVOMIMPIuuITIMPIu‚ZIrl{|‰ZImno~d

(15)

0

1

22

34

5

67

89

86

7

6

LMNOPQRSTUVWNWXOPQNSYXOVUNOZP[ROPSVUX\ROPVU]R\SN[XOZP[ROPYXOQN^

WR\XOPN\_XONUN[XOZP`PXUPaXUX\N[P_RWROP[ROPXSY\XUWXWR\XOPbcccdPURP

OXPXUQTXU_\NUPXUPQRU_\NPWX[PY\Ra\XORZPQRSRPN[aTUROPOXPeNUPN_\X^

fVWRPNPORO_XUX\ZPOVURPgTXPURPeNUPXUQRU_\NWRPSXQNUVOSROPYN\NPgTXP

OTOPVU_X\XOXOPOXNUP\XN[SXU_XP\XY\XOXU_NWROPXUP[NOPWXQVOVRUXOPWXP

YR[h_VQNPYij[VQNcPkRWROPX[[ROPURPORUPOVURP[ROPSVOSROPYX\TNUROPgTXP

eNUPfVO_RPTUPlO_NWRPgTXPOXPeNPVWRPN[XmNUWRPWXPX[[ROZPgTXPOXPeNPWXWV^

QNWRPNPY\RSRfX\PQVX\_ROPOXQ_R\XOPXSY\XON\VN[XOPQRUPX[PN\aTSXU_RP

WXPgTXPOR[RP[NOPa\NUWXOPVUfX\OVRUXOP_\NXUPX[PQ\XQVSVXU_RPN[PYNhOcnop

qN\NPNUN[VO_NOPQRSRPkN]T\ZP_\NOP[NPVU_XUQVrUPWXP\XY\XOXU_N\PYR[h_VQNSXU_XP

N[PSTUWRPXSX\aXU_XZPX[P]TmVSR\VOSRPWVOVST[NPOTPQRgTX_XRPQRUPa\TYROP

XQRUrSVQROPgTXPYR\POTPY\RYVNPUN_T\N[XsNPWX[VQ_VfNPWXjXUPXO_N\PUXQXON\VN^

SXU_XP]TX\NPWXP[NP[XaN[VWNWPOVUPgTXPX[PlO_NWRPjTOgTXPVUQR\YR\N\[ROZPOVURP

StOPjVXUPWXONQ_VfN\[ROcPuOhZPYR\PXmXSY[RZPVUOVO_XPkN]T\ZPLbvdP[NPRYROVQVrUP

WXPwTX\sNPqRYT[N\PNPgTXP[NPxTYX\VU_XUWXUQVNPWXPyNUQNP`PxXaT\ROPOTYX\^

fVOXP[NPNQ_VfVWNWPWXPOTYTXO_NOPQRRYX\N_VfNOPzSTQeNOPWXPX[[NOPNOXU_NWNOP

XUPsRUNOPWXP_\NOVXaRPWXPW\RaNOzPURPXOP[NPY\VSX\NPRQNOVrUPXUPgTXPWXSTXO^

_\NUPXOXPY\RQXWX\P[VSh_\R]Xnco{P|NPNU_XOP[RPeNUPeXQeRPQRUP[ROPSVUX\ROPgTXP

WXO_\T`XUPX[PNSjVXU_XPRPNQTWXUPNP[NP_\N_NP`P[NPXOQ[NfV_TWP[NjR\N[ZPRPQRUP[NP

NQXY_NQVrUPXUPOTPYN\_VWRPWXPSVXSj\ROPfVUQT[NWROPQRUPX[PUN\QR_\t]VQRZPX_Qc

lUPTUNP]r\ST[NPgTXPYX\OVaTXPTUPVSYROVj[XPXgTV[Vj\VRZP[NP\X_r\VQNPWXP

wTX\sNPqRYT[N\PjTOQNPQRSYN_VjV[VsN\P[NPXQRURShNPVU]R\SN[PQRUPX[Pa\NUP

XSY\XON\VNWRPUNQVRUN[P`P_\NUOUNQVRUN[cPxXaiUP}XV~RZPLbvdPOVPjVXUPWV^

QeROPOXQ_R\XOP_\NXUPVUfX\OVrUP`PQ\XQVSVXU_RZP`PXUPN[aTUROPQNOROPST`P

XUQRSVNj[XOZP_\NXUPNWXStOPVUURfNQVrUZPY\RWTQ_VfVWNWP`PXSY[XRPWXPQN^

[VWNWZPX[PSRWX[RPURPeNP[Ra\NWRPaN\NU_VsN\P[NPXgTVWNWPYX\OXaTVWNPQRUP

X[P]VUPWXPgTXPX[PQ\XQVSVXU_RPjXUX]VQVN\NP_NSjVUPNP_RWROPNgTX[[ROPgTXP

OXPOVXU_XUPX€Q[TVWROcnoPlUP_VXSYROPWXPQNSYN‚NZPX[PUX€RPWXP}XV~RPQRUP

[NOPY\RfVUQVNOPOXPY\RWTmRPNP_\NfOPWXPUTXfROPXSY\XON\VROPgTXP\XY\X^

OXU_NjNUPX[PNOQXUORPXQRUrSVQRPWXPOXQ_R\XOPNU_VaTNSXU_XP\XsNaNWROP`P

fXhNUPXUPwTX\sNPqRYT[N\P[NPRYR\_TUVWNWPWXPVUa\XON\PXUP[NPN\XUNPYR[h_VQNcP

ƒXOTSVXUWRPeNO_NPNgThZPYRWXSROPWXQV\PgTXP[NOPVWNOP`PfTX[_NOPWX[P~XV~VO^

SRPWNUPStOPQTXU_NPWXPQRU_VUTVWNWXOPgTXPWXP\TY_T\NOPQRUPX[PN[jX\_VOSRZP

OVXUWRP[NPY\VUQVYN[P[NPY\R]TOVrUPWXPY\tQ_VQNOPVU_R[X\NU_XOP`PYX\SXNj[XOPNP

[NPV[XaN[VWNWPQRSRPSRWTOPRYX\NUWVcPMNPY\VUQVYN[P\TY_T\NZPYR\PR_\NPYN\^

_XZP\NWVQNPXUP[NPY\WVWNPWXPSN`R\hNOPQVTWNWNUNOPgTXPOTO_XU_XUPX[PSR^

WX[RPYRYT[VO_NPNT_R\V_N\VRPWX[PwTmV^SRU_XOVUVOSRcPuiUPOVUPTUP[VWX\NsaRP

opPPwTX\sNPqRYT[N\ZPo„…†ZPYcP†c o{PPkN]T\ZPo„…{c

(16)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIJKJGLMNMONMPNQHRNSMHOMNKTJIUVJWLXJYWLMHYMUKMWLZJWJHKTLM[UHM\NKNM

PNGNMZHRMW]YMTHXXHKLM^MUKNMO_KHNM[UHMWUP`LYMaLO_TJPLYSMTHPKbPXNTNYM^M

HWaXHYNXJLYMaHXUNKLYMNcKMKLMHYT]KMGJYaUHYTLYMNMPXURNXSMYHNMaLXMXNRLd

KHYMGHMaXJKPJaJLYMLMGHMJWN\HKefgMhHMHYTHMWLGLSMONMZJTNOJGNGMGHMiUHXRNM

jLaUONXMGHQHMW]YMNOMPLONaYLMGHMOLYMGHW]YMaNXTJGLYM^MNMONMGHQJOJGNGMGHM

LTXLYMOJGHXNR\LYM[UHMNOMGHYNXXLOOLMGHMUKMZ_KPUOLMXHNOMPLKMONMPJUGNGNK_NeM

klmnopoqrlmsoqtuqpvswql

xNMZLONTJOJGNGMaLO_TJPNMGHOMjHXcMHKMONYMcOTJWNYMGLYMGyPNGNYMPLKTXNYTNM

PLKMUKNMHYTNQJOJGNGMWNPXLHPLKbWJPNMHM_KGJPHYMGHMPLWaHTJTJZJGNGMJKd

THXKNPJLKNOM[UHMOHM`NKMZNOJGLMHOMHOL\JLMWUKGJNOMW]YMNOO]MGHMONYMINOHKd

PJNYMaHXYJYTHKTHYMHKMTHWNYMPLWLMPNOJGNGMHGUPNTJZNSMGJYTXJQUPJbKMGHMONM

XJ[UHRNMLMJKZHXYJbKMHKMPJHKPJNM^MTHPKLOL\_NeMzOM{WJON\XLMaHXUNKL|M`NM

YJGLMNGVUGJPNGLMNMONYMQLKGNGHYMGHOMNVUYTHMHYTXUPTUXNOMGHM}~~gM^MNMONM

NaOJPNPJbKMGHMONYMWHGJGNYMGHOMLKYHKYLMGHM€NY`JK\TLKMaLXMaNXTHMGHM

THPKbPXNTNYMOLPNOHYMYH\cKMOLYMP]KLKHYMGHMONM{KUHZNM\HYTJbKMacQOJPN|e

zOMGHYaOLWHMGHOMzYTNGLMGHYNXXLOOJYTNM^MYUYMJKGHYHNQOHYMPLKYHPUHKPJNYMHKM

ONMGyPNGNMGHOMLP`HKTNM`JaHXJKIONPJbKSMGHYHWaOHLM^MaLQXHRN‚MNOJWHKTNXLKM

HOMPLKYHKYLMHKMTLXKLMNMONMKHPHYJGNGMGHMWNKTHKHXMHOMWLGHOLMGHMOJQXHMHWd

aXHYNMKLMYLOLMPLWLMLXJHKTNGLXMGHMONMHPLKLW_NSMYJKLMTNWQJyKMPLWLMWLGLM

GHMLX\NKJRNPJbKMGHOMzYTNGLM^MONMYLPJHGNGeMƒOMONGLMGHMHWaXHYNXJLYM^MTHPd

KbPXNTNYSMQUHKNMaNXTHMGHMOLYMYHPTLXHYMHWHX\HKTHYMHMJKILXWNOHYMGHOMjHXcM

PLWaNXTHKMHYTNMZJYJbKSMKUTXJGNM^MGJZUO\NGNMaLXM„…†‡ˆ‰„Їˆ‹SMN\HKPJNYMGHM

PLLaHXNPJbKM^MWHGJLYMGHMPLWUKJPNPJbKeMŒHGJGNYMPLWLMONMaXJZNTJRNPJbKMGHM

OLYMYHXZJPJLYMacQOJPLYSMONYMNOJNKRNYMacQOJPLdaXJZNGNYM^MONYMaLO_TJPNYMYLPJNd

OHYMILPNOJRNGNYMYLKM`L^MZNOLXHYMJKPUHYTJLKNQOHYMaNXNMWUP`LYMaHXUNKLYe

zKMONMQNYHMGHMHYTHMPLKYHKYLMYHM`NOONMUKNMTXNKYILXWNPJbKMGHOMYHKTJGLM

PLWcKM[UHMKLMHYMLQXNMHPOUYJZNMGHMONMPX_TJPNMKHLOJQHXNOMNOMGHYNXXLOOJYWLM

LMYUMJWaHXNTJZLMGHMXHGUPPJbKMGHOMzYTNGLSMYJKLM[UHMHYMHOMXHYUOTNGLMGHM

UKMKUHZLMWLGLMGHMJKTHXaHONXMNMONYMPONYHYMaLaUONXHYeMzKMHYTHMWNXPLSMONYM

JGHNYMGHMHPLKLWJYTNYMPLWLMŽHXKNKGLMGHMLTLSMzKXJ[UHM`HXYJM^MŒNXJLM

`JQHOOJKJMPUWaOJHXLKMUKMaNaHOMPHKTXNOMNOMJKPLXaLXNXMHKMHOMXHONTLMKNPJLKNOM

NMOLYMYHPTLXHYMW]YMGHaXJWJGLYMGHMONMHPLKLW_NSM^NMKLMGHYGHMYUMaHXTHKHKd

PJNMNMUKNMPONYHMYLPJNOMHKIXHKTNGNMNMONMQUX\UHY_NSMYJKLMHKMPLKGJPJLKHYMGHM

(17)

0

1

22

34

5

67

89

86

7

6

LMNOPQOQRSTURVWXOYRSTZTRVZ[\VUQVQT\VWR[TXVUSLOPVW]R^TURNUR[\_PTMTRQVR

`O\LTRaO\MOWRbPTWOYRcPRTX\TRWVUQV\TYdeR[\T[NWTRORfLUOPVWRQVRPTWRTSgVUXOR

PORLUSPNWL_URQVRPORVSTUTZhORLUfT\ZOPRQVUX\TRQVRPORgLWXT\LOROZ[PLOQORQVPR

SO[LXOPLWZTRVURVPRiV\j]RbVkTWRQVRWV\RSTUWLQV\OQTRSTZTRNUR[\TlPVZOYRVPR

WVSXT\RLUfT\ZOPRfNVRmLWXTRSTZTRNURLUWX\NZVUXTR[O\ORVPRQVWO\\TPPTYRWLVZn

[\VRoRSNOUQTRVPRMTlLV\UTRPTRVpLZLVWVRQVROqNVPPTWRTlWXrSNPTWRqNVRPVRLZn

[VQhOURPLlV\O\RoRZNPXL[PLSO\RWNWRVUV\MhOWRVZ[\VWO\LOPVW]RsR[O\XL\RQVRVWXVR

\OtTUOZLVUXTYRuVRvTXTRlNWS_R\VWXON\O\RPORSNVWXLTUOlPVRPVMLXLZLQOQRQVPR

M\OURWVSXT\R[\LmOQTRQVPRiV\jRWTWXVULVUQTRPORLUW_PLXORVqNL[O\OSL_URVUX\VR

VPR[TQV\TWTRWVSXT\RVZ[\VWO\LOPRoRVPRmVUQVQT\ROZlNPOUXVRLXLUV\OUXVRSTZTR

[O\XVRQVRNUORZLWZORLUWXLXNSL_URVSTU_ZLSTnWTSLOP]RsWhRQVWS\LXOYRPORVZn

[\VWORSO[LXOPLWXORVWXO\hORMTlV\UOQOR[T\RPOWRZLWZOWRfNV\tOWRVSTU_ZLSOWR

qNVRLUVpT\OlPVZVUXVR[\VZLOURORPTWRVZ[\VWO\LTWRWVMjURWNRSTZ[VXLXLmLn

QOQYRoROZlTWRXL[TWRQVRVZ[\VWORwPORfT\ZOPRoRPORLUfT\ZOPxRWV\hOURWLZ[PVWR

mO\LOSLTUVWRQVRNURZLWZTRfVU_ZVUT]RcWXVROL\VRQVRfOZLPLORVWRPTRqNVRPOWR

VU\TPORVURXT\UTRORNURVUVZLMTRSTZjUyRVPRcWXOQTRLUXV\mVUSLTULWXOYR\OhtR

QVPRWNlQVWO\\TPPTYRSNoTR[TQV\RWVRVWSTUQVRQVX\rWRQVRPTWRZOUX\OWyR[POULn

fLSO\YRfTZVUXO\YR\VMPOZVUXO\RoR[O\XLSL[O\]RvVMjURuVRvTXTYRVPROPSOUSVRQVR

PORONXT\LQOQRPVMOPRQVPRcWXOQTRzw{xRWTl\VRPOR[\T[LVQOQRoRPOWROSXLmLQOQVWR

VSTU_ZLSOWRVWR[\rSXLSOZVUXVRLPLZLXOQTYRORXOPR[NUXTRqNVYRVURVPRWVUXLQTR

SOlOPRQVRPTWRX|\ZLUTWYRVPRiV\jRUNUSORgORWLQTRNUR[OhWRQVR[\T[LVXO\LTWYR

WLUTRORPTRWNZTRQVRNWNf\NSXNO\LTW]}d~RiT\RVWTYRVURO\OWRQVRPOROfL\ZOSL_UR

QVRPTWRQV\VSgTWRQVR[\T[LVQOQYRPORfLOlLPLQOQRQVRWNWRX\OUWOSSLTUVWRoRPOR

WVMN\LQOQRORWNWROSXLmLQOQVWYRPTWR[V\NOUTWRQVlhOUR[\TUNUSLO\WVRORfOmT\R

QVRzw{xRNUR[\TM\OZORZhULZTR[O\ORLUXVM\O\RVPR[OhWRqNV€R\VqNV\L\hORUVn

SVWO\LOZVUXVRWLZ[PLfLSO\RoRQVWSVUX\OPLtO\RPORfNUSL_UR[jlPLSORoYR[T\RfLUYR

‚ƒ„‚…†‡ˆ„‰Š‹‰‚ƒŒ‹‡Žˆ„‰ƒ‰ƒ‚‰‘†‚„‚Љ‡ˆ‰’ˆ‰Œ„‹†“Ž’ˆ‰”ˆ“‹”ˆ‡•–dd

bOWRLQVOWRQVR—V\UOUQTRQVRvTXTRVUSTUX\O\TURVSTRVURVPRMTlLV\UTRQVR˜NkLn

ZT\LYRqNLVURLZ[NPW_RVPRS\VSLZLVUXTRQVPR™UWXLXNXTRbLlV\XOQRoRuVZTS\OSLOR

w™ubxRSTZTR[POXOfT\ZORQVRSO[XOSL_URQVR[\TfVWLTUOPVWR[O\ORPORMVWXL_UR

[jlPLSO]RbTWRVSTUTZLWXOWRWVR[V\fLPO\TUYROPRQVSL\RQVR^TUOMgOURSTZTRzPOWR

VWX\VPPOWRQVRPORS\LWLW}RQN\OUXVRVPR[\LZV\RZOUQOXTRQVR˜NkLZT\LRoYRONUqNVR

mLV\TUR\VQNSLQTRWNR[O[VPRORZVQLQORqNVRVPRONXT\LXO\LWZTRfNkLnZTUXVWLULWXOR

ST[OlORVPRcWXOQTYRPTM\O\TURZOUXVUV\WVRVUR[TWLSLTUVWRSPOmVRVURVPRO[O\OXTR

[jlPLSTRX\OWRVPR\VM\VWTRORPORQVZTS\OSLO]dšR—OWXORSTZLVUtTWRQVRPTWRO›TWR

~œœœYRPTWRTlkVXLmTWRQVRPORXVSUTS\OSLORWVRT\LVUXO\TUROPRZOUVkTR[\NQVUXVR

QVRPOWRSNVUXOWRfLWSOPVWYROWhRSTZTRORNUOR\VVWX\NSXN\OSL_URQVRPORVSTUTZhOR

gOSLORNUORZOoT\RPLlV\OPLtOSL_URQVPRZV\SOQTYRTXT\MOUQTRZrWR[VWTRORPOR

(18)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHGIGJKGLJMNOGLJPJQMRGHMSTUJOVWXMNOWTSPGJHPWMYJMNOGTSOJMPZIJPJMPSYM[G\

VYWM]]^MYJ[MTSPGPJ[MPSMOSP_IIG`HMPSYMa[KJPWMbMYGUSOJYGcJIG`HMGOOS[KOGIKJM

PSMYW[MTSOIJPW[MSTNScJOWHMJM[SOMTWKGLWMPSMPGLG[G`HMSHKOSMYW[Md_HIGW\

HJOGW[MPSMa[KJPWQMeWTWMSfNYGIJMgOWTNWHSMSHM[_MGHLS[KGVJIG`HMPSMYJ[M

KSIHWIOJIGJ[MP_OJHKSMSYMVWUGSOHWMPSMhYYJHKJMi_TJYJXM_HM[SIKWOMPSMKSIH`\

IOJKJ[MjYW[MHSWYGUSOJYS[MPSMISHKOWMWMOSdWOTG[KJ[kMIWTSHc`MJM[SHKGOMTl[M

IWHdGJHcJMSHMSYMNJNSYMPSYMa[KJPWMNSOIGUGZHPWYWMIWTWM_HMJVSHKSMOSYSLJHKSM

SHMYJM[SHPJMPSYMPS[JOOWYYWQmnMoGSOWMg_SccGXMSfTGHG[KOWMPSMNOWP_IIG`HMPSM

i_TJYJXMd_SMNJOKSMPSYMVO_NWMp_SMPSdSHPqJM_HMTJbWOMOWYMPSYMa[KJPWMSHMYJM

SIWHWTqJXMr_HKWMIWHMSIWHWTG[KJ[MIWTWMsYWH[WMRSV_OJMbMtJGTSMRJJLS\

POJXMJ[GP_W[MIWY_THG[KJ[MPSYMPGJOGWMuvwxyz{|}~yXMbMJLGPM€GLSOJXMPGOSIKWOM

PSMYJMOSLG[KJMy‚{|XMSHKOSMWKOW[QMa[KSMTWPSOJPWMIJTUGWMPSMWOGSHKJIG`HM

ƒJOV_TSHKJMgOWTNWHSƒMHWM[SOqJMSfIY_[GLWMPSMYW[MKSIH`IOJKJ[MPSYMVW\

UGSOHWMPSMi_TJYJXM[GHWM_HJMKSHPSHIGJMPSMYJMOSVG`HMSMGHIY_[WMVYWUJYXMp_SM

N_SPSMOJ[KOSJO[SMSHMYW[MGHdWOTS[MPSYM„JHIWM…_HPGJYMSHMYW[Mp_SM[SMGH[KJM

JYMa[KJPWMNSO_JHWMJMKSHSOMIWTWMSrS[MPSMJIIG`HMYJMOSP_IIG`HMPSMYJMNWUOS\

cJMbMYJMPS[GV_JYPJPXMSYMJIIS[WMJMYW[M[SOLGIGW[MUl[GIW[MbMYJM[W[KSHGUGYGPJPM

JTUGSHKJYQm†MaHMYJMLSOSPJMIWHKOJOGJMJMYW[MKSIH`IOJKJ[MOSdWOTG[KJ[MWMPSM

ISHKOWXM[SM‡JYYJMJp_SYM[SIKWOMp_SMNYJHKSJMp_SMYJMˆHGIJMTJHSOJMPSMJYIJH\

cJOMYJ[MTSKJ[MOSIWTSHPJPJ[MNWOMSYM„…MS[MSYMIOSIGTGSHKWMSIWH`TGIW‰MŠYJM

d`OT_YJMS[MIOSISOXMNOWVOS[JOMIWTWMNJq[MbMY_SVWMGHIY_GO‹XmŒM[W[KSHPOlHM

SIWHWTG[KJ[MIWTWM€WUSOKWMsU_[JPJXMPSYM^H[KGK_KWMoSO_JHWMPSMaIWHWTqJQ

s_HMI_JHPWMSfG[KJHMNW[GIGWHS[MSHIWHKOJPJ[MSHMKWOHWMJYMVOJPWMPSMGH\

KSOLSHIG`HMS[KJKJYMSHMYJMSIWHWTqJXMYJMKSIHWIOJIGJMNSO_JHJMIWGHIGPSMSHM

YJMIWH[KJHKSMUˆ[p_SPJMPSMYJMSdGIGSHIGJMSHMYW[MGH[KO_TSHKW[MPSMVWUGSO\

HWQMJMIWHLGIIG`HMPSMp_SMYJMJNYGIJIG`HMPSMKZIHGIJ[MbMIOGKSOGW[MPSMTS\

PGIG`HMTSrWOJHMNWOM[qMTG[TW[MSYMPS[STNSŽWMPSYMa[KJPWMJKOJLGS[JMYJM

LG[G`HMPSMS[KW[MdGSYS[MPSMYJMŠH_SLJMVS[KG`HMNˆUYGIJ‹MbMOSP_HPJMSHM_HJM

PS[NWYGKGcJIG`HMPSYMa[KJPWQMJMTG[G`HMPSMYJMd_HIG`HMNˆUYGIJMŠjkMHWMS[M

OSNOS[SHKJOMJMYJMNWUYJIG`HMWM[SOMYJMSHKGPJPMp_SMIWHPSH[SMYJ[Md_SOcJ[M

[WIGJYS[MPSYMNJq[‹mXM[GHWMNOWLSSOM[SOLGIGW[MSdGIGSHKSTSHKSM[WUOSMYJMUJ[SM

PSM_HMIWHWIGTGSHKWMKZIHGIW\IGSHKqdGIWQMa[KJMLG[G`HMS[MI_YKGLJPJMPS[PSM

YW[MPG[KGHKW[MlTUGKW[MPSMNOWP_IIG`HMbMIGOI_YJIG`HMPSMYJMIJOOSOJMKSIHW\

IOlKGIJ‰MYJ[M_HGLSO[GPJPS[MNOGLJPJ[MjS[NSIGJYTSHKSMYJMoWHKGdGIGJM‘HGLSO\

[GPJPMeJK`YGIJMPSYMoSOˆkXMYJ[MIWH[_YKWOJ[MWM’“~”•w’–”•—MPSMSIWHWTqJXM

SYM[SIKWOMNOGLJPWMjNJOKGI_YJOTSHKSMYJMUJHIJMIWTSOIGJYkXMYJ[MGH[KGK_IGW\

HS[MdGHJHIGSOJ[MGHKSOHJIGWHJYS[MbMYJ[MlOSJ[MSIWH`TGIJ[MPSYM[SIKWOMNˆUYG\

IWQMa[KW[MS[NJIGW[MNSOTGKSHMJMYW[MKSIH`IOJKJ[MIWH[WYGPJO[SMIWTWMVO_\

mnMMgOWTNWHSXM˜™šŒXMNNQMšnn\š†mQMM„JHIWM…_HPGJYXM˜™ššQ

(19)

0

1

22

34

5

67

89

86

7

6

LMNOPMQRSQOQTUTVOWOXYZ[\]SQVTO[MZOS^TZ_TVOT`_TQZMVOS]OSLSQS_MOTV_S_S]NO

aSV_SOVTQO[SLS[TVOUTO^TV_SQOWOQTLQMU\[YQOVTZ_YUMVO[MR\ZTVO_T[ZM[Qbc

_Y[MVOTZOUYXTQVMVO]\^SQTVOUT]OdV_SUMNOS]]TZUTO]MVO[SReYMVOUTO^MeYTQZMfO

gaMQSOeYTZNOTV_TOVTZ_YUMO[MRhZO_T[ZM[Qb_Y[MOP\Z[YMZSORTiMQOSOZYXT]O[TZc

_QS]Oj\TOV\eZS[YMZS]OWORbVOSOZYXT]OUTO]SVOYUTSVOj\TOUTO]SOLQb[_Y[SfOkYXTQc

VMVOTV_\UYMVOUTR\TV_QSZOj\TNORbVOS]]bOUTO]SOehVj\TUSOUTO]SOTPY[YTZ[YSNO

]MVOUYVTlMVO_T[ZM[Qb_Y[MVO_QSU\[YUMVOTZOZMQRSVOWOLQM[TUYRYTZ_MVOUTOQSZc

^MORYZYV_TQYS]NOXSZOLTQUYTZUMO[MaTQTZ[YSOWO_T[ZY[YUSUOSORTUYUSOj\TOXSZO

YRL]TRTZ_bZUMVTOTZOZYXT]TVORbVOeSiMVOUT]OdV_SUMOWOTZOYZV_SZ[YSVOV\eZSc

[YMZS]TVfOdZO]SOLQb[_Y[SNOT]OP\Z[YMZSRYTZ_MOUTO]SVOYZV_Y_\[YMZTVOLhe]Y[SVO

QTVLMZUTOSO]MOj\TOmb]XTnOUTZMRYZSO\ZOVYV_TRSOUTOMLTQS[YoZOTRLQTZUTc

UMQO[MRLT_Y_YXMNOVT^hZOT]O[\S]NOpqrsO]SVOTRLQTVSVO[MRLY_TZOLMQO]Y[Y_S[YMc

ZTVNO]MVO[MZV\]_MQTVOLMQO]MVO[MZ_QS_MVOWO]MVO[Y\USUSZMVOWO]SVOTZ_YUSUTVO

TV_S_S]TVOLMQO[MZXTQ_YQVTOTZO\ZSOLQYMQYUSUOLQTV\L\TV_S]OLSQSOT]OtYZYV_Tc

QYMOUTOd[MZMRuSOWOvYZSZnSVfwxyOzTO[MZVM]YUSOSVuO\ZOTVj\TRSOUTO^MeYTQZMO

TZOT]O[\S]OpqffsOSZ_TO]SOLQT[SQYTUSUOUTO]SVOUTRbVOS]_TQZS_YXSVOUTOUTVSQQMc

]]MNOT]O\ZYXTQVMOUTO]SOYZXTQVYoZOLhe]Y[SOVTO[MZV_Y_\WTOTZOT]ObReY_MOYUoZTMO

LSQSOT]OUTVSQQM]]MOUTOTV_QS_T^YSVOUTOLQM^QTVMOLTQVMZS]OWOTRLQTVSQYS]wf{|OO

}SOT`LSZVYoZOUTOTV_SO]o^Y[SOVYV_~RY[SOUTOUYVYLS[YoZOUTO]uRY_TVOTZ_QTO]MO

Lhe]Y[MOWO]MOLQYXSUMNOT`L]Y[SOTZOe\TZSOLSQ_TO]SO]]T^SUSOSO]SOLQTVYUTZ[YSO

UTO\ZO[SZUYUS_MO[MZOT]OLTQPY]OUTOTUQMOSe]MO€\[nWZVYOq€sNOLTQVMZSiTO

TRe]TRb_Y[MOUTO]SVOQTPMQRSVOZTM]YeTQS]TVN{‚ORYZYV_QMOWOSVTVMQOT[MZoRYc

[MOUT]OdV_SUMOLTQ\SZMOTZO]MVO^MeYTQZMVOUTOƒT]ShZUTO„TQQWOq‚y…|c‚y…†sO

WOg]TiSZUQMO„M]TUMOq‡||‚c‡||ˆsNOj\YTZO[MRL]TRTZ_SOV\O[\QQu[\]MO[MZOT]O

_QSeSiMOLSQSOT]OVT[_MQOLQYXSUMOTZOUYXTQVSVOLSQ_TVOUT]OR\ZUMfO€OYZY[YoOV\O

[SQQTQSOLQMPTVYMZS]OTZOT]OƒSZ[MOt\ZUYS]NO[MRMOT[MZMRYV_SOQT^YMZS]OLSQSO

gR~QY[SO‰TZ_QS]NOWOSOLSQ_YQOUTOS]]uO_QSeSioOLSQSOUYV_YZ_SVOPYQRSVOUTUY[SUSVO

SO]SOeSZ[SOUTOYZXTQVYoZOWO]SORYZTQuSNOTZ_QTOM_QMVOQ\eQMVfO‰MRL]T_SOV\O_Sc

]SZ_TOTRLQTVSQYS]OV\O[MZUY[YoZOUTOS[[YMZYV_SOUTOUYXTQVSVOPYQRSVOLTQ\SZSVO

WOT`_QSZiTQSVNORYTReQMOUTOUYQT[_MQYMOUTOM_QSVOWOTZOM[SVYMZTVO[MZV\]_MQNO

YZ[]\WTZUMOT]O_QSeSiMOUTO]MeYV_SOLSQSOS]^\ZSVOTRLQTVSVO[MZO]SVOj\TOSZ_TVO

[T]TeQoO[MZ_QS_MVfO€\[nWZVYOaSOTV_SUMOSVuOSOSReMVO]SUMVOUTO]SORTVSOWNO

xyOOOmb]XTnNO‡|‚ŠfOLfOx‚f {|OOO‹ŒŽ

(20)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIHJKLJGHMKNONPJGHMJLQJLKGRMSOQHJSLJTSLUVLGWNJXYLJQHJQQLZPJOJQOJVLMYMG[O\J

LMJHGOK[HMLKJOQJI[KIHJN[LI]H^J_KJOK`JYMJWHIUVLJSLJMLaHG[HKJXYLJOGNbOJ

[MNLVI[NLMNLILMNL\JcJK[MJQ`I[NLKJNLI]HVOQLKJGQOVHK\JLMJQOJLKdLVOJ]bUQ[GO^

eHMJfYGgcMKh[\JQOJNLGMHGVOG[OJaHULVMPJ]HVJ]V[ILVOJZLgJ]HVJK`JI[KIOJGHMi

KHQ[SOMSHJQOJ]VLKLMG[OJQHaVOSOJNOMNHJLMJaHU[LVMHKJOYNHV[NOV[HKJGHIHJSLJ

GLMNVH^JjYMNHJOJklmnopkqnorJGHIHJLQJsMKN[NYNHJtLVYOMHJSLJ_GHMHI`OJust_v\J

LQJwVY]HJSLJxMRQ[K[KJ]OVOJLQJyLKOVVHQQHJuwzxy_vJcJLQJsMKN[NYNHJ{[ULVNOSJcJ

yLIHGVOG[OJusy{v\JQOJNLGMHGVOG[OJWOJS[KL|OSHJSLKSLJWOGLJO|HKJQOKJ]HQ`N[i

GOKJ]bUQ[GOKJSLQJ}[M[KNLV[HJSLJ_GHMHI`OJcJ~[MOMgOKJu}_~v\JLQJ}[M[KNLV[HJSLJ

QOJtVHSYGG[PMJutzTye_v\JLQJ}[KNLV[HJSLJ€VOMK]HVNLKJcJeHIYM[GOG[HMLKJ

u}e€vJcJLQJ}[M[KNLV[HJSLJ_SYGOG[PM^J‚[MJLIUOVaH\JLQJOU[KIHJXYLJKL]OVOJ

OJQOKJQPa[GOKJNLGMHGVRN[GOKJSLJQOKJ]VRGN[GOKJUYVHGVRN[GOKJcJ]HQ`N[GOKJIHKi

NVPJOJQHKJSLdLMKHVLKJSLQJQ[UVLJILVGOSHJQOJMLGLK[SOSJSLJLƒLVGLVJS[VLGNOi

ILMNLJLQJ]HSLVJGHIHJbM[GHJIHSHJSLJaOVOMN[gOVJLQJOVV[UHJSLd[M[N[ZHJSLJQOJ

KLaYMSOJHQOJSLJVLdHVIOKJLKNVYGNYVOQLK^J_KNLJdYLJ]VLG[KOILMNLJLQJ]VHcLGi

NHJSLJaHU[LVMHJNVOgOSHJ]HVJfYGgcMKh[„JGHVVLa[VJQHKJLVVHVLKJSLJQOKJ]HQ`N[i

GOKJLGHMPI[GOKJSLJQHKJO|HKJMHZLMNOJcJQQLZOVJOJN…VI[MHJOXYLQQOKJVLdHVIOKJ

[MGHI]QLNOK\JNOMNHJ]HVJQHKJLKGOKHKJ]VHaVLKHKJLMJQOJVLdHVIOJSLQJILVGOi

SHJSLJNVOUOƒHJHJSLQJK[KNLIOJd[KGOQJGHIHJ]HVJQOKJ[MKN[NYG[HMLKJL†[KNLMNLKJ

XYLJMHJ]LVI[N[LVHMJHUNLMLVJQHKJULMLd[G[HKJLK]LVOSHKJSLJQOKJVLdHVIOK^J

{OJ[I]HVNOMG[OJSLJQOJOaLMSOJLGHMPI[GOJSLJttfJGHMNVOKNPJGHMJLQJOUOMi

SHMHJSLJ]HQ`N[GOKJSLJƒYKN[G[O\JILIHV[OJcJSLVLGWHKJWYIOMHKJLMJYMJS[Ki

GYVKHJXYLJUYKGPJ‡WOGLVJQOKJ]OGLKˆJGHMJLQJ]OKOSH^J{OJSLGQOVOG[PMJSLQJ

‰Š‹ŒJGHIHJ‡x|HJSLJQOJzLGHMG[Q[OG[PMJOG[HMOQˆ\JdYLJLQJGHVHQOV[HJSLJYMJ

MYLZHJGHMKLMKHJLMNVLJQOKJSLVLGWOKJuOYNHV[NOV[O\JNLGMHGVRN[GOJcJGHMKLVi

ZOSHVOvJLMJNHVMHJOQJMLaOG[HM[KIHJcJLQJHQZ[SH^J{OJ[SLOJSLJSOVQLJZYLQNOJ

OJQOJ]Ra[MOJOWHMSPJQOJ[MƒYKN[G[OJcJQOKJKLGYLQOKJSLJQOJaYLVVO\JcLMSHJOJ

GHMNVOGHVV[LMNLJSLJQOJGHMKNVYGG[PMJSLJYMOJILIHV[OJGHQLGN[ZO^JŽ[KNHJOJ

QOJQYgJSLQJ[MSYQNHJHNHVaOSHJOQJL†S[GNOSHVJxQULVNHJ~Yƒ[IHV[\JLQJQQOIOSHJ

OJQOJ‡VLGHMG[Q[OG[PMˆJSLJttfJMHJdYLJIRKJXYLJLQJLYdLI[KIHJ]OVOJYMOJ

]HQ`N[GOJSLJQOJ[I]YM[SOSJcJSLKILIHV[OJXYL\JMHJKHQHJMHJO]YMNPJOJQOJ

VL[MNLaVOG[PM\JK[MHJXYLJ]VHdYMS[gPJQOKJS[KNOMG[OKJLMNVLJQHKJ]LVYOMHK^

yLK]Y…KJSLJZL[MNLJILKLK\JLQJaHU[LVMHJSLJttfJNLVI[MPJIOMGWOSHJ]HVJ

OGYKOG[HMLKJSLJGHVVY]G[PM\JVLZLQOG[HMLKJSLJVLQOG[HMLKJ[MSLU[SOKJLMNVLJ

OYNHV[SOSLKJ]HQ`N[GOK\JN…GM[GHKJLJ[MNLVLKLKJ]V[ZOSHKJLMJQHKJbQN[IHKJO|HK\J

cJKYJVLMYMG[OJ]VLG[][NOSOJSLMHNPJQHKJQ`I[NLKJ]HQ`N[GHKJSLJYMJIOMLƒHJNLGi

MHGVRN[GHJSLQJ_KNOSH^J€VOKJKYJKOQ[SO\JLQJMYLZHJ]VLK[SLMNL\J}OVN[MJŽ[gGOVVO\J

WOJ[MNLMNOSHJaOMOVJLQJO]HcHJSLQJdYƒ[IHV[KIHJ]OVOJOSLQOMNOVJQOKJVLdHVIOKJ

]LMS[LMNLK^J_MJIOcHJSLJLKNLJO|HJ]VLKLMNPJOQJeHMaVLKHJYMJ]VHcLGNHJSLJQLcJ

(21)

0

1

22

34

5

67

89

86

7

6

KLMNOPQRSLTUVWMQUWTUXYQLKQZL[LQ\LKQ]W^STLULYQ_`MWVQaSKKWTbLcWYQWTbTdSeQfbLQ

bTWQ\LQKWMQWddSXTLMQSTgL\SWUWMQ\LKQTbLcXQ]X^SLVTXQMLVhWQLKSgSTWVQKWQi]VWj

MWQ\LKQkMUW\XlQWQUVWc`MQ\LQgL\S\WMQ\LQWbMULVS\W\QLTQLKQWmWVWUXQmn^KSdXNOoQQ

pWQWULTdSeTQ\LQaSqdWVVWQmVXTUXQUbcXQfbLQ\LMmKWqWVMLQ\LQKWQW]LT\WQLdXj

TegSdWQWQKWQmXKhUSdWQWTULQLKQ\LMUWmLQ\LQKWQUVWgWQ\LQdXVVbmdSeTYQUVr[SdXQ

\LQST[KbLTdSWMQsQ[WcXVLMQLTQKWMQWKUWMQLM[LVWMQ\LQKWQZb\SdWUbVWYQ\LQKWQfbLQ

mWVUSdSmW^WTQUWTUXQgW]SMUVW\XMQdXgXQmXKhUSdXMQsQLgmVLMWVSXMNQkTQMbQ\SMj

dbVMXQmXVQKWMQ[SLMUWMQmWUVSWMYQLKQmWMW\XQPtQ\LQZbKSXYQLKQgWT\WUWVSXQmVXmbj

MXQKWQVLWKSqWdSeTQ\LQbTQVL[LV`T\bgQmWVWQdXTMbKUWVQWKQmbL^KXQWdLVdWQ\LQKWQ

VL[XVgWQdXTMUSUbdSXTWKQ\LKQ_XTMLZXQuWdSXTWKQ\LQKWQRW]SMUVWUbVWQv_uRwYQ

KWQmVXxS^SdSeTQ\LQKWQVLLKLddSeTQSTgL\SWUWQ\LQmVLMS\LTULQsQdXT]VLMSMUWMYQ

LKQ[STWTdSWgSLTUXQmVScW\XQ\LQKXMQmWVUS\XMQmXKhUSdXMQsQdWgmWyWMQLKLdUXVWj

KLMQsQLKQVLUXVTXQWQbTQMSMULgWQ^SdWgLVWKQMSTQWbgLTUXQ\LQmWVKWgLTUWVSXMYQ

LTQbTQSTULTUXQmXVQ\LcXKcLVQKWQdVL\S^SKS\W\QmLV\S\WQWQKWMQSTMUSUbdSXTLMQ

mXKhUSdWMNQkKQ\LMUSTXQ\LKQVL[LV`T\bgQLMQSTdSLVUXYQULTSLT\XQLTQdbLTUWQfbLQ

LKQ_XT]VLMXYQLTQMbQgWsXVhWQ[bZSgXVSMUWQsQMWKmSdW\XQdXTQLKQLMdrT\WKXQLTQ

dSLVTLMYQLMUWVhWQmXdXQ\SMmbLMUXQWQW\LKWTUWVQdWg^SXMQfbLQVL\bqdWTQMbQ

ST[KbLTdSWQMX^VLQLKQ_uRQLQSgmS\WTQKWQVLLKLddSeTQ\LQMbMQVLmVLMLTUWTULMN

kKQWdXUW\XQgWV]LTQ\LQgWTSX^VWQ\LQaSqdWVVWQmWVWQSgmbKMWVQdWg^SXMQmVXj

[bT\XMQLTQKWQLdXTXghWQsQLKQMSMULgWQmXKhUSdXQsWQSgmWdUWQMbQmXmbKWVS\W\Q

LTUVLQKXMQmLVbWTXMNQzLQWdbLV\XQdXTQKWQgrMQVLdSLTULQLTdbLMUWQTWdSXTWKQ

bV^WTXjVbVWKQ\LQKWQdXTMbKUXVWQ{|}Qv~€‚ƒ„…€„†‡€ˆ‰Š‹‰wQmWVWQLKQ\SWj

VSXQŒŽ‘’“”•–YQbTQ—˜™ Q\LQKXMQLTdbLMUW\XMQ\LMWmVbL^WQKWQ]LMUSeTQ\LKQ

gWT\WUWVSXQsQMXKXQbTQoš™ QKXQdXTMS\LVWQdXT[SW^KLNQkTUVLQUWTUXYQLKQUXTXQ

MbgSMXQsQdXTdSKSWUXVSXQdXTQLKQfbLQfbSMXQgWTULTLVQLTQbTQdXgSLTqXQMbQ

VLKWdSeTQdXTQLKQ[bZSgXVSMgXQUSLT\LQWQ\S[bgSTWVMLQdXTQMbQmVXmbLMUWQ\LQ

VL[LV`T\bgYQWKQUXdWVQULgWMQMLTMS^KLMQmWVWQ|bLVqWQ›XmbKWVYQsQmWVWQUX\WQ

KWQdKWMLQmXKhUSdWQUVW\SdSXTWKNQœVWMQLKQWTbTdSXQmVLMS\LTdSWKYQKL]SMKW\XVLMQ

\LQKWMQ\SMUSTUWMQ^WTdW\WMQKLQxWTQVLMmXT\S\XQWQaSqdWVVWQMLyWKWT\XQMbQ

\LMWdbLV\XQdXTQKWQmVXmbLMUWQ\LQmVXxS^SVQMbQVLLKLddSeTNQzLM\LQKWQSqj

fbSLV\WYQVLmVLMLTUW\WQLTQLKQ_XT]VLMXQmXVQLKQRXcSgSLTUXQubLcXQ›LVnQsQ

LKQ|VLTULQgmKSXYQMLQxW^KWQ\LQibTWQdVSMSMQ\LQV`]SgLTlQsQMLQLžS]LQSVQgrMQ

WKKrQ\LQWK]bTWMQVL[XVgWMYQ\LgWT\WT\XQKWQdXTcXdWUXVSWQWQbTWQMWgj

^KLWQ_XTMUSUbsLTULQfbLQdWg^SLQKWQ_XTMUSUbdSeTQxLVL\W\WQ\LQKWQ\SdUW\bj

OPQQŸ ¡¢£Ÿ¤¥¦§£Ÿ§¡¨¡©ª§ª«Ÿ¬£§­¡ŸŸ ¡®¬¯¦Ÿ°ª¡¬«±ª°²Ÿ«§¡¨¡«±²³¬¦Ÿ¦Ÿ´Ÿµ§µ­¡ŸŸŸ ¡£¬«±ª¯¦£¥««Ÿ°ª¡¨¡«Ÿ¬££¬¡ \LQ^VLdxWMQLTQST[VWLMUVbdUbVWQsQMLVcSdSXMYQScNQSTUL]VS\W\QsQKbdxWQdXTUVWQKWQdXVVbmdSeTYQcNQmVLcLTj dSeTQsQmVXULddSeTQ\LQmLVMXTWMQLTQMSUbWdSeTQ\LQcSXKLTdSWQsQcbKTLVW^SKS\W\QsQcSNQgX\LVTSqWdSeTQ\LQ KWQ]LMUSeTQ\LKQkMUW\XN

(22)

0

1

22

34

5

67

89

86

7

6

"# $%&'()*%+,*-)./0%+(0/+$%&.(*+1++2*/'304+56+47308*+96+::;+<=+.+5=6+:8)308+%030%&80+(0+<>?9+1+@AABC+<=<<1DE>F

GHIJKLMNOGMPQHRISKLTQHIHIUHIVTWMPMXYIVTUIZOY[GTPO\IUHIGTJOGNHI]OU^QMWHI_I

LKVMWMHUI]GO]KTPQHI]OGI`MaWHGGHIPTITYWKTYQGHIHbYIUTLOPIVTIWOYWGTQHGPTR

cQGOIJGTYQTIVTIVMP]KQHITYQGTI`MaWHGGHI_ITUIJKLMNOGMPNOIPTIHdGMXIWOYI

NOQMeOIVTIUOPIQTfQOPITPWOUHGTPIVTIgMPQOGMHI_ITVKWHWMXYIPTfKHUITVMQHVOPI

]OGITUIhMYMPQTGMOIVTIiVKWHWMXYIjhklimnoRIiYIUOPIQTfQOPITPWOUHGTPIpKTI

JKTGOYIGT]HGQMVOPITYIHU[KYOPIWOUT[MOP\IH]HGTWTYIUTWQKGHPIpKTI]GONKTq

eTYIMVTHPIWONOIrUHIeMG[MYMVHVIWOYPTGeHVHs\Ir]OVTNOPIGTPMPQMGIUHIQTYQHq

WMXYsI_IOQGOPIVTIWHGtWQTGIgONOJXdMWOIpKT\IHUI]HGTWTG\IJKTGOYIMYWUKMVOPI

TYITUIVMPTuOIWKGGMWKUHGIWONOI]GOVKWQOIVTIUHPIGTKYMOYTPIPOPQTYMVHPI]OGI

TUIhklimnI_INMTNdGOPIVTIUHIdHYWHVHIVTIvKTGaHIwO]KUHG\IMYQT[GHYQTPI

VTUINOeMNMTYQOIrZOYINMPIgMLOPIYOIQTINTQHPs\ITfJKYWMOYHGMOPIVTUI[OdMTGq

YOIVTIxUdTGQOIvKLMNOGMI_INMTNdGOPIVTUIc]KPImTMRIiUI]GTPMVTYQTIhHGQ^YI

`MaWHGGHIVMLOIYOITPQHGIVTIHWKTGVOIWOYITUIWOYQTYMVOIpKTIHdOGVHIQTNHPI

VTIPTfKHUMVHVIWOYITYJOpKTIWOYPTGeHVOGI_IJKYVHNTYQHUMPQHIVTIQM]OIGTq

UM[MOPO\I_IPTuHUXIUHIYTWTPMVHVIVTIWHNdMHGUOPI_IWOGGT[MGUOPRIxKYpKTITYI

H]HGMTYWMHITUIMN]HPTIJKTIGTPKTUQOI_IUOPIWOYQTYMVOPIGTeMPHVOPI_IGTJOGNKq

UHVOP\IUHIWKTPQMXYIVTIJOYVOIpKTITYJGTYQHIUHIVTGTWgHIUMdTGHUITPITUIGTYOq

eHVOI_IJOGQHUTWMVOI]H]TUIVTIUOPIPTWQOGTPIWOYPTGeHVOGTPI_IGTUM[MOPOPITYI

UHI]OU^QMWHI]TGKHYHRIxITPQTIJTYXNTYOIYOPIGTJTGMGTNOPIHIWOYQMYKHWMXYR

yz{|}~}€z{‚ƒ}~„z|~z{…{~}†‡ˆ‡ƒz

wTGbITPIKYOIVTIUOPI]H^PTPIWOYINH_OGI]OdUHWMXYIWHQXUMWHI_ITeHY[‰UMWHITYI

xN‰GMWHIŠHQMYHRIIiPQTIPOUOIJHWQOGIYOITf]UMWH\ITN]TGO\IUHIWGTWMTYQTI]HGQMWMq

]HWMXYI]bdUMWHIVTIUOPI[GK]OPIWOYPTGeHVOGTPI_IPKIMYQTG‰PIVTIMYQT[GHGPTITYI

UHI]OU^QMWHIJOGNHUIVTUI]H^PITYIUOPIbUQMNOPIeTMYQTIHuOPRIiUI[MGOI]OU^QMWOq]HGq

QMVHGMOIVTIUOPI[GK]OPIWOYPTGeHVOGTPIWOMYWMVTIWOYITUIWHNdMOIVTI]OPMWMOYTPI

VTIUHIk[UTPMHITYIGTUHWMXYIWOYITUIiPQHVOI_IUHIPOWMTVHV‹IPMITYITUI]HPHVOITPQOPI

[GK]OPIjHUINTYOPIUOPIWHQXUMWOPoI]TGQTYTW^HYIVMGTWQHNTYQTIHIUHITPQGKWQKGHI

JOGNHUIVTUIiPQHVOI_IHIUHPI‰UMQTPIpKTIUOIWOYQGOUHdHY\IQGHPIUHPIVMWQHVKGHPIVTI

UOPIHuOPIPTQTYQHI_ITUI]GOWTPOIVTIVTNOWGHQMaHWMXYIVTIUOPIbUQMNOPIeTMYQTI

HuOP\IPTI]GOVKLOIKYINHGWHVOIVTQTGMOGOITYIPKIWH]HWMVHVIVTIMYJUKTYWMHIpKTI

UOPIOdUM[XIHIMVTHGIYKTeHPINHYTGHPIVTI]TYTQGHGITUIWHN]OIVTIUHI]OU^QMWHRIiYI

TUIWHPOIVTIUOPITeHY[‰UMWOP\IPKIMGGK]WMXYITYIUHPITUTWWMOYTPIVTIŒŽIHWTYq

QKXIUHIMYWOG]OGHWMXYIVTUIJHWQOGIGTUM[MOPOIWONOIKYITUTNTYQOIWH]MQHUITYIUHPI

QTYVTYWMHPITUTWQOGHUTPI_ITYITUITLTGWMWMOIVTUI]OVTGITYIUHI]OU^QMWHIYHWMOYHUR

xYQTPIVTIHeHYaHGITYIUHIVTPWGM]WMXYIVTIUHIVTGTWgHIWOYPTGeHVOGHIWOYq

eMTYTIHVeTGQMGIpKTIYOIQOVOPIUOPIHWQOGTPIGTUM[MOPOPITPQtYIGTUHWMOYHVOPI

Referencias

Documento similar

Después de 60 años de un sistema de partido único, y 12 años de alternancia infructuosa en materia legislativa conforme a la inexistente voluntad popular para la necesaria

El nuevo Decreto reforzaba el poder militar al asumir el Comandante General del Reino Tserclaes de Tilly todos los poderes –militar, político, económico y gubernativo–; ampliaba

de se convertir en chaux par la calcination- L a formation de ces pierres nous paroît due, en grande partie , au détritus des coquillages : Tidentité des

Lo más característico es la aparición de feldespatos alcalinos y alcalino térreos de tamaño centimétrico y cristales alotriomorfos de cuarzo, a menudo en agregados policristalinos,

La Federación de Gremios de Editores de España realiza anualmente el informe de Comercio Interior del Libro de las empresas editoriales privadas y agremiadas en España y que en

 La Guía de estudio se dirige de forma específica al estudiante de la UNED, a tu estudiante, y proporciona la información necesaria sobre una asignatura concreta,

ESN Málaga también ofrece ayuda a estudiantes internacionales en Málaga, como con su servicio específico de asesoría para problemas con el alojamiento. Las actividades y

La solución que se ha planteado, es que el paso o bien se hiciese exclusivamente por el adarve de la muralla, o que una escalera diese acceso por la RM evitando la estancia (De