LAS VENAS ABIERTAS DE
AMÉRICA LATINA
! "!
!"#$%&%'($'$)*"%'+,-%,."(/%0' !
!!!!#$!%&'($()!&*!+,-,!.$!/,0$!(&!12$!&*3$($!*42!&-315$(1'$)!+,'6$!3,'!6,(,*!.$(,*!$!714&2!714&'$!*,*6&2&'.$)!8! -9*!$!714&2!714&'$!:,'+&0&$'!+,2!&..$;!!
!
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
!
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
+,2*&'%$')!8!/$+&'!.$!*&.&++4@2!(&!$+1&'(,!+,2!*1*!3',34,*!3$(',2&*)!2,*!&2+,26'$'&-,*!71&!&.!*1&5,!(&!.$!'$B$! *13&'4,'!(&!.,*!I$B4*!*&!&*69!%,.%4&2(,!12$!(&3'4-&26&!'&$.4($(!+,2!714&2&*!.,*!%&2+4&',2;!
!
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
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!<.!'&+,34.$(,'!!<(1$'(,I! !
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !
' ' ' ' ' ' ' ' ' ' '
!"#$%&'"#$"()&*+"#$,&$"-.*)/"$!"+)'"$
!1234526'7481496'
! O!
! !
!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"#$%!&'()*!+*!,-('%).!#'/*!0*#'(&%!#'+!$('-%$(*%"(-)#,':;+'<"+=.("%,>'' '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''/+';,(';'%."('?(,+"(>'@+"&)%'A(&B>'8;)='C("$%='A+,D+,;.%>'E+",(,/%'' ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''C("?%,(>'4/)-+('C(=.)$$%>'4$*+".%'C%;")+$>'4,/"F'7;,/+"'E"(,G>'' ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''5%&+$)%'7("-H('8;<%>'I)&;+$'8(*("-(>'C("$%='8+==(>'@(?;+$'' ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''8)-J.+,=K.+L,>'M;(,'4N'6//%,+>'4/%$O%'!+"+$?(,>'4".;"'!%+",+">'' ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''7+"?P,'5(?(>'2("-Q'5)*+)"%>'6"$(,/%'5%L(=>'L;$)%'5%==)+$$%>'!(;$%'' ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''@-J)$$),&>'R("$ST+),K'@.(,K)-G>'U)D)(,'V"H(='Q'2(,)+$'U)/(".N'
'
''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''4'+$$%=>'Q'('$%='?;-J%='(?)&%=':;+'?+'' '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''($+,.("%,'+,'$('.("+('/+'+=.%='B$.)?%='(W%=>'' ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''/+/)-%'+$'"+=;$.(/%>'/+$':;+'=%,>'-$("%'+=.P>'''''' '''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''),%-+,.+=N'
!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"#$%&'()&#*!+($&,!)&!-./0! !
'!
' ' ' ' ' ' ' ' ' ' ' ' ' ' ' PIHJQ<! !
!
J26',(1++4@2R!Q4&26,!%&426&!-4..,2&*!(&!245,*!&2!&.!+&26',!(&!.$!6,'-&26$! !
!
!"#$%"&'!&"(%)'*&'!+,"%-&'.%*'/+$,"%'0+$+'"%12*(&.+'.%'*&'"#32%-&'.%'*&' (#%""&'
!
!"#$%#&'#(&)%)*&+"#$%#&'#&(,&-(,.,&
!
<.!*4A2,!(&!.$!+'1B!&2!.$*!&-315$(1'$*!(&!.$*!&*3$($*! !S&6,'2$=$2!.,*!(4,*&*!+,2!.$*!$'-$*!*&+'&6$*! TQ,-,!12,*!31&'+,*!/$-='4&26,*!$2*G$2!&.!,',U! <*3.&2(,'&*!(&.!V,6,*GR!&.!+4+.,!(&!.$!3.$6$! <*3$5$!6&2G$!.$!%$+$)!3&',!,6',*!6,-$=$2!.$!.&+/&! #$!(4*6'4=1+4@2!(&!:12+4,2&*!&26'&!&.!+$=$..,!8!&.!042&6&! S142$*!(&!V,6,*GR!&.!+4+.,!(&!.$!3.$6$!
<.!(&''$-$-4&26,!(&!.$!*$2A'&!8!(&!.$*!.9A'4-$*R!8!*42!&-=$'A,)!&.!V$3$!/$=G$!'&*1&.6,!71&!.,*!42(4,*!6&2G$2! $.-$!
#$!2,*6$.A4$!3&.&$(,'$!(&!F13$+!M-$'1!
! Z!
Q,26'4=1+4@2!(&[!,',!(&!\'$*4.!$.!3',A'&*,!(&!J2A.$6&''$! !
!
%4'567'89:;85'7'<=5<>'?<@85;8>'8A5B;<48>'
!
#$*!3.$26$+4,2&*)!.,*!.$64:12(4,*!8!&.!(&*642,! <.!$*&*42$6,!(&!.$!64&''$!&2!&.!2,'(&*6&!(&!\'$*4.! M!3$*,!(&!+$'A$!&2!.$*!4*.$*!(&.!Q$'4=&!
Q$*64..,*!(&!$B]+$'!*,='&!.,*!*1&.,*!71&-$(,*!(&!Q1=$! #$!'&%,.1+4@2!$26&!.$!&*6'1+61'$!(&!.$!4-3,6&2+4$! <.!$B]+$'!&'$!&.!+1+/4..,!8!&.!4-3&'4,!&.!$*&*42,!
^'$+4$*!$.!*$+'4:4+4,!(&!.,*!&*+.$%,*!&2!&.!Q$'4=&)!2$+4&',2!.$!-97142$!(&!_$-&*!`$66!8!.,*!+$5,2&*!(&! `$*/42A6,2!
<.!$'+,!4'4*!&*!.$!'16$!(&.!'&6,'2,!$!^142&$! #$!%&26$!(&!+$-3&*42,*!
<.!+4+.,!(&.!+$1+/,R!Q$'1*,!42$1A1'$!12!6&$6',!-,21-&26$.!&2!-&(4,!(&!.$!*&.%$! #,*!3.$26$(,'&*!(&!+$+$,!&2+&2(G$2!*1*!+4A$'',*!+,2!=4..&6&*!(&!71424&26,*!-4.!'&4*! \'$B,*!=$'$6,*!3$'$!&.!$.A,(@2!
\'$B,*!=$'$6,*!3$'$!&.!+$:D!
#$!+,64B$+4@2!(&.!+$:D!$'',0$!$.!:1&A,!.$*!+,*&+/$*!8!-$'+$!&.!'46-,!(&!.,*!+$*$-4&26,*! H4&B!$5,*!71&!(&*$2A'$',2!$!Q,.,-=4$!
#$!%$'46$!-9A4+$!(&.!-&'+$(,!-12(4$.!(&*34&'6$!$!Q&26',$-D'4+$! #,*!:4.4=1*6&',*!$.!$=,'($0&!
#$!+'4*4*!(&!.,*!$5,*!6'&426$R!T&*!12!+'4-&2!-9*!A'$2(&!-$6$'!$!12$!/,'-4A$!71&!$!12!/,-='&U! Ka14D2!(&*$6@!.$!%4,.&2+4$!&2!^1$6&-$.$L!
!#$!3'4-&'$!'&:,'-$!$A'$'4$!(&!M-D'4+$!#$642$R!12!*4A.,!8!-&(4,!(&!(&'',6$*!3$'$!_,*D!M'64A$*! M'6&-4,!Q'1B!8!.$!*&A12($!-1&'6&!(&!<-4.4$2,!b$3$6$!
<.!.$64:12(4,!-1.643.4+$!.$*!=,+$*)!3&',!2,!.,*!3$2&*!
#$*!6'&+&!+,.,24$*!(&.!2,'6&!8!.$!4-3,'6$2+4$!(&!2,!2$+&'!4-3,'6$26&!
& &
#$*!:1&26&*!*1=6&''92&$*!(&.!3,(&'! !
#$!&+,2,-G$!2,'6&$-&'4+$2$!2&+&*46$!.,*!-42&'$.&*!(&!M-D'4+$!#$642$!+,-,!.,*!31.-,2&*!2&+&*46$2!&.!$4'&! <.!*1=*1&.,!6$-=4D2!3',(1+&!A,.3&*!(&!&*6$(,)!'&%,.1+4,2&*)!/4*6,'4$*!(&!&*3G$*!8!$%&261'$*!&2!.$!*&.%$! $-$B@24+$!
c2!71G-4+,!$.&-92!(&'',6@!$!.,*!%&2+&(,'&*!(&!.$!A1&''$!(&.!V$+G:4+,! H4&26&*!(&!+,='&!*,='&!Q/4.&!
#,*!-42&',*!(&.!&*6$5,)!3,'!(&=$0,!8!3,'!&2+4-$!(&!.$!64&''$! H4&26&*!(&!/4&'',!*,='&!\'$*4.!
<"!3&6'@.&,)!.$*!-$.(4+4,2&*!8!.$*!/$B$5$*!
<.!.$A,!(&!C$'$+$4=,!&2!&.!=1+/&!(&!.,*!A'$2(&*!=146'&*!(&!-&6$.! !
! !
1%C2D.&'!&"(%)'%*'.%1&""+**+'%1'2D'E#&F%'0+D'$G1'DG2H"&C+1'32%'D&E%C&D(%1'
&
!
d4*6,'4$!(&!.$!-1&'6&!6&-3'$2$!
!
#,*!=$'+,*!='46924+,*!(&!A1&''$!*$.1($=$2!.$!42(&3&2(&2+4$!(&*(&!&.!'G,! #$*!(4-&2*4,2&*!(&.!42:$264+4(4,!42(1*6'4$.!
V',6&++4,24*-,!8!.4='&+$-=4,!&2!M-D'4+$!#$642$R!&.!='&%&!%1&.,!(&!#1+$*!M.$-92! #$*!.$2B$*!-,26,2&'$*!8!&.!,(4,!71&!*,='&%4%4@!$!_1$2!C$21&.!(&!S,*$*!
#$!^1&''$!(&!.$!F'43.&!M.4$2B$!+,26'$!&.!V$'$A1$8!$24714.@!.$!]24+$!&E3&'4&2+4$!&E46,*$!(&!(&*$'',..,! 42(&3&2(4&26&!
#,*!&-3'D*646,*!8!.,*!:&'',+$''4.&*!&2!.$!(&:,'-$+4@2!&+,2@-4+$!(&!M-D'4+$!#$642$!V',6&++4,24*-,!8! .4='&+$-=4,!&2!<*6$(,*!c24(,*R!&.!DE46,!2,!:1&!.$!,='$!(&!12$!-$2,!42%4*4=.&!
!
! e!
*8'6>=5I;=I58';<@=6?J<5K@68'L64'L6>J<M<&
!
c2!6$.4*-92!%$+G$!(&!3,(&'&*!
W,2!.,*!+&2642&.$*!714&2&*!$='&2!.$*!31&'6$*R!.$!&*6&'4.4($(!+1.3$=.&!(&!.$!=1'A1&*G$!2$+4,2$.! Ka1D!=$2(&'$!:.$-&$!*,='&!.$*!-97142$*L!
<.!=,-=$'(&,!(&.!f,2(,!C,2&6$'4,!J26&'2$+4,2$.!:$+4.46$!&.!(&*&-=$'+,!(&!.,*!+,2714*6$(,'&*! #,*!<*6$(,*!c24(,*!+14($2!*1!$/,'',!426&'2,)!3&',!(4*3,2&2!(&.!$0&2,R!.$!42%$*4@2!(&!.,*!=$2+,*! c2!4-3&'4,!71&!4-3,'6$!+$346$.&*!
#,*!6&+2@+'$6$*!&E4A&2!.$!=,.*$!,!.$!%4($!+,2!-9*!&:4+$+4$!71&!.,*!T-$'42&*U!
#$!42(1*6'4$.4B$+4@2!2,!$.6&'$!.$!,'A$24B$+4@2!(&!.$!(&*4A1$.($(!&2!&.!-&'+$(,!-12(4$.! #$!(4,*$!6&+2,.,AG$!2,!/$=.$!&*3$5,.!
#$!-$'A42$+4@2!(&!.,*!/,-='&*!8!.$*!'&A4,2&*!
#$!426&A'$+4@2!(&!M-D'4+$!#$642$!=$0,!.$!=$2(&'$!(&!.$*!=$''$*!8!.$*!&*6'&..$*! TI12+$!*&'&-,*!(4+/,*,*)!g212+$h!U)!/$=G$!3',:&64B$(,!W4-@2!\,.G%$'!
&
/"#.#&,0)1&'#1-231!
&
! ! ! ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' '
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!12223%4*#!5-.)/./*!-+!#'&%+6'*!(.#$.+$%!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!0.)%6'/*!.!&.!%#$-0'/%72228'
''''''''''''''''''''''''''''''''''''''''''''''X!"%-$(?('),=;""+--)%,($'/+'$('M;,.('V;).)D('+,'$('-);/(/'/+'8('!(K>'YZ'/+'L;$)%'/+'Y[\]^' '
! i!
' ' ' ' ' '
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$)'+*0,1//)2'3$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$/)&'+0$%&)'+&$-)!!0'&#$,&$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$')40#$&'$&!$/&'+*0$,&$!"$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$+0*-&'+"$
''''''''''''''''''''''''''''
'''''8('/)D)=)#,'),.+",(-)%,($'/+$'."(*(L%'-%,=)=.+'+,':;+';,%='<(H=+='=+'+=<+-)($)K(,' +,'&(,("'Q'%."%='+,'<+"/+"N'9;+=."('-%?("-('/+$'?;,/%>':;+'J%Q'$$(?(?%='
4?F")-('8(.),(>'O;+'<"+-%K0'=+'+=<+-)($)K#'+,'<+"/+"'/+=/+'$%='"+?%.%='.)+?<%='+,' :;+'$%='+;"%<+%='/+$'5+,(-)?)+,.%'=+'(*($(,K("%,'('."(DF='/+$'?("'D'$+'J;,/)+"%,' $%='/)+,.+='+,'$('&("&(,.(N'!(=("%,'$%='=)&$%='Q'4?F")-('8(.),('<+"O+--)%,#'=;=' O;,-)%,+='1=.+'D(',%'+='+$'"+),%'/+'$(='?("(D)$$(='/%,/+'$('"+($)/(/'/+""%.(*('('$(' OP*;$('Q'$(')?(&),(-)#,'+"('J;?)$$(/('<%"'$%='."%O+%='/+'$('-%,:;)=.(>'$%='
Q(-)?)+,.%='/+'%"%'Q'$(='?%,.(W(='/+'<$(.(N'!+"%'$('"+&)#,'=)&;+'."(*(L(,/%'/+' =)"D)+,.(N'C%,.),B('+_)=.)+,/%'($'=+"D)-)%'/+'$(=',+-+=)/(/+='(L+,(=>'-%?%'O;+,.+'Q' "+=+"D('/+$'<+."#$+%'Q'+$'J)+""%>'+$'-%*"+'Q'$('-(",+>'$(='O";.(='Q'+$'-(OF>'$(='?(.+")(=' <")?(='Q'$%='($)?+,.%='-%,'/+=.),%'('$%='<(H=+='")-%=':;+'&(,(,'-%,=;?)F,/%$%=>' ?;-J%'?P='/+'$%':;+'4?F")-('8(.),('&(,('<"%/;-)F,/%$%=N'@%,'?;-J%'?P='($.%=' $%=')?<;+=.%=':;+'-%*"(,'$%='-%?<"(/%"+=':;+'$%='<"+-)%=':;+'"+-)*+,'$%='
D+,/+/%"+=`'Q'($'O),'Q'($'-(*%>'-%?%'/+-$("#'+,'L;$)%'/+'Y]Z[''C%D+Q'VN'6$)D+">' -%%"/),(/%"'/+'$('4$)(,K('<("('+$'!"%&"+=%>'aJ(*$("'/+'<"+-)%='L;=.%='+,'$(' (-.;($)/(/'+=';,'-%,-+<.%'?+/)+D($N'1=.(?%='+,'<$+,('F<%-('/+'$('$)*"+'
-%?+"-)($)K(-)#,NNNb'C;(,.('?P='$)*+".(/'=+'%.%"&('('$%=',+&%-)%=>'?P='-P"-+$+='=+' J(-+',+-+=(")%'-%,=.";)"'<("(':;)+,+='<(/+-+,'$%=',+&%-)%=N'9;+=."%='=)=.+?(='/+' ),:;)=)/%"+='Q'D+"/;&%='',%'=#$%'O;,-)%,(,'<("('+$'?+"-(/%'+_.+",%'/%?),(,.+`' <"%<%"-)%,(,'.(?*)F,'-(;/($%=%='?(,(,.)($+='/+'&(,(,-)(=':;+'O$;Q+,'/+'$%=' +?<"F=.).%='Q'$(='),D+"=)%,+='+_."(,L+"(='+,'$%='?+"-(/%='),.+",%='/%?),(/%=N'a@+' J('%H/%'J(*$("'/+'-%,-+=)%,+='J+-J(='<%"'4?F")-('8(.),('($'-(<).($'+_."(,L+"%>'<+"%' ,%'/+'-%,-+=)%,+='J+-J(='<%"'$%='1=.(/%='3,)/%='($'-(<).($'/+'%."%='<(H=+=NNN'1=':;+' ,%=%."%=',%'/(?%='-%,-+=)%,+=b>'(/D+".H(>'($$P'<%"'Y]Yc>'+$'<"+=)/+,.+'
,%".+(?+")-(,%'d%%/"%e'd)$=%,N'f$'+=.(*('=+&;"%0'a3,'<(H='SS/+-H(S'+='<%=+H/%'Q' /%?),(/%'<%"'+$'-(<).($':;+'+,'F$'=+'J(Q('),D+".)/%bN'g'.+,H('"(K#,N'!%"'+$'-(?),%'
J(=.('<+"/)?%='+$'/+"+-J%'/+'$$(?(",%='12&3(41$#,*!(;,:;+'$%='J().)(,%='Q'$%='
-;*(,%='Q('J(*H(,'(=%?(/%'('$('J)=.%")(>'-%?%'<;+*$%=',;+D%=>';,'=)&$%'(,.+='/+' :;+'$%='<+"+&"),%='/+$'I(QO$%e+"'=+'+=.(*$+-)+"(,'+,'$(='-%=.(='/+'!$Q?%;.JN' 4J%"('4?F")-('+=>'<("('+$'?;,/%>',(/('?P=':;+'$%='1=.(/%='3,)/%=0',%=%."%=' J(*).(?%=>'('$%'=;?%>';,('=;*'S4?F")-(>';,('4?F")-('/+'=+&;,/('-$(=+>'/+' ,+*;$%=(')/+,.)O)-(-)#,N'
! j!
-+,."%='/+'<%/+"N'V%/%0'$('.)+""(>'=;='O";.%='Q'=;='<"%O;,/)/(/+='")-(='+,'?),+"($+=>' $%='J%?*"+='Q'=;'-(<(-)/(/'/+'."(*(L%'Q'/+'-%,=;?%>'$%='"+-;"=%=',(.;"($+='Q'$%=' "+-;"=%='J;?(,%=N'1$'?%/%'/+'<"%/;--)#,'Q'$('+=.";-.;"('/+'-$(=+='/+'-(/('$;&("' J(,'=)/%'=;-+=)D(?+,.+'/+.+"?),(/%=>'/+=/+'O;+"(>'<%"'=;'),-%"<%"(-)#,'($' +,&"(,(L+';,)D+"=($'/+$'-(<).($)=?%N'4'-(/('-;($'=+'$+'J('(=)&,(/%';,('O;,-)#,>' =)+?<"+'+,'*+,+O)-)%'/+$'/+=(""%$$%'/+'$('?+."#<%$)'+_."(,L+"('/+'.;",%>'Q'=+'J(' J+-J%'),O),).('$('-(/+,('/+'$(='/+<+,/+,-)(='=;-+=)D(=>':;+'.)+,+'?;-J%'?P='/+' /%='+=$(*%,+=>'Q':;+'<%"'-)+".%'.(?*)F,'-%?<"+,/+>'/+,."%'/+'4?F")-('8(.),(>'$(' %<"+=)#,'/+'$%='<(H=+='<+:;+W%='<%"'=;='D+-),%='?(Q%"+='Q>'O"%,.+"(='(/+,."%'/+' -(/('<(H=>'$('+_<$%.(-)#,':;+'$(='&"(,/+='-);/(/+='Q'$%='<;+".%='+L+"-+,'=%*"+'=;=' O;+,.+='),.+",(='/+'DHD+"+='Q'?(,%'/+'%*"('XT(-+'-;(."%'=)&$%=>'Q('J(*H(,',(-)/%' /)+-)=F)='/+'$(='D+),.+'-);/(/+='$(.),%(?+")-(,(='?P='<%*$(/(='/+'$('(-.;($)/(/N^' !("(':;)+,+='-%,-)*+,'$('J)=.%")('-%?%';,('-%?<+.+,-)(>'+$'(."(=%'Q'$('?)=+")(' /+'4?F")-('8(.),(',%'=%,'%."('-%=(':;+'+$'"+=;$.(/%'/+'=;'O"(-(=%N'!+"/)?%=`'%."%=' &(,("%,N'!+"%'%-;""+':;+':;)+,+='&(,("%,>'&(,("%,'&"(-)(='(':;+',%=%."%='
<+"/)?%=0'$('J)=.%")('/+$'=;*/+=(""%$$%'/+'4?F")-('8(.),('),.+&"(>'-%?%'=+'J(' /)-J%>'$('J)=.%")('/+$'/+=(""%$$%'/+$'-(<).($)=?%'?;,/)($N''56789:$;699<8:$6785=<$ 7>6?@96$>?@ABC>8:$6D$A:$=>C8<9>:$:E6D:F$D56789:$9>G56H:$I:$J6D69:;<$7>6?@96$D56789:$ @<K96H:$@:9:$:A>?6D8:9$A:$@9<7@69>;:;$;6$<89<73$A<7$>?@69><7$L$757$C:@<9:A67$
D:8>=<7M$&D$A:$:AG5>?>:$C<A<D>:A$L$D6<NC<A<D>:AO$6A$<9<$76$89:D7P>J59:$6D$CI:8:99:O$L$ A<7$:A>?6D8<7$76$C<D$=>6986D$6D!=6D6D<5!!%.%=H>'h(-(.+-(='Q'6;"%'!"+.%'-(Q+"%,'+,' <)-(/('/+=/+'$('-;?*"+'/+'$%='+=<$+,/%"+='/+'$%='?+.($+='<"+-)%=%='($'<"%O;,/%' (&;L+"%'/+'$%='=%-(D%,+='D(-H%=>'Q'$('";),('O;+'+$'/+=.),%'/+'$('<(?<('-J)$+,('/+$' =($)."+'Q'/+'$('=+$D('(?(K#,)-('/+$'-(;-J%`'+$',%"/+=.+'(K;-("+"%'/+'A"(=)$>'$%=' *%=:;+='("&+,.),%='/+$':;+*"(-J%'%'-)+".%='<;+*$%='<+."%$+"%='/+$'$(&%'/+'
I("(-()*%'.)+,+,'/%$%"%=(='"(K%,+='<("('-"++"'+,'$('?%".($)/(/'/+'$(='O%".;,(=':;+' $(',(.;"($+K('%.%"&('Q'+$')?<+")($)=?%';=;"<(N'!:$AA5=>:$G56$>99>J:$:$A<7$C6D89<7$;6A$ @<;69$>?@69>:A>78:$:I<J:$A<7$=:78<7$75K59K><7$;6A$7>786?:M$,6A$?>7?<$?<;<O$L$ 7>?Q89>C:?6D86O$6A$K>6D678:9$;6$D56789:7$CA:767$;<?>D:D867$N;<?>D:D867$I:C>:$ ;6D89<O$;<?>D:;:7$;67;6$P569:N$67$A:$?:A;>C>RD$;6$D56789:7$?5A8>85;67$ C<D;6D:;:7$:$5D:$=>;:$;6$K678>:7$;6$C:9J:M$
8('*"+-J('=+'+_.)+,/+N'T(-H('?+/)(/%='/+$'=)&$%'(,.+")%">'+$',)D+$'/+'D)/('/+'$%=' <(H=+='")-%='/+$'?;,/%'+_-+/H('+,';,'-),-;+,.('<%"'-)+,.%'+$',)D+$'/+'$%='<(H=+=' <%*"+=N'1$'/+=(""%$$%'/+=(""%$$('$('/+=)&;($/(/0'5)-J("/'9)_%,'(,;,-)#>'+,'(*")$' /+'Y]Z]>'+,'=;'/)=-;"=%'(,.+'$('614>':;+'('O),+='/+$'=)&$%'D+),.+'+$'),&"+=%'6&3! 416(%1!+,'1=.(/%='3,)/%='=+"P':;),-+'D+-+='?P='($.%':;+'+$'),&"+=%'+,'4?F")-('
8(.),(2!!:$P569H:$;6A$C<DE5D8<$;6A$7>786?:$>?@69>:A>78:$;67C:D7:$6D$A:$D6C67:9>:$
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
! >!
?)$$%,+='/+'$(.),%(?+")-(,%='(-(<("(,>'=+&B,'$(='9(-)%,+='3,)/(=>'+$'?)=?%' ),&"+=%':;+'-)+,.%'-;("+,.('?)$$%,+='/+'<+"=%,(=';*)-(/(='+,'$('*(=+'/+'$(' <)"P?)/+'=%-)($N'T(Q'=+=+,.('?)$$%,+='/+'-(?<+=),%='-;Q('O%".;,('(=-)+,/+'(' D+),.)-),-%'-+,.(D%='/+'/#$("'<%"'/H(`'+,'+$'%."%'+_."+?%'$%='<"%_+,+.(='/+'$(' /+=/)-J('=+'/(,'+$'$;L%'/+'(-;?;$("'-),-%'?)$'?)$$%,+='/+'/#$("+='+,'=;='-;+,.(=' <")D(/(='/+'@;)K('%'1=.(/%='3,)/%=>'Q'/+""%-J(,'+,'$('%=.+,.(-)#,'Q'+$'$;L%'+=.F")$' S%O+,=('Q'/+=(OH%S'Q'+,'$(='),D+"=)%,+=')?<"%/;-.)D(=>':;+'-%,=.).;Q+,',(/(' ?+,%=':;+'$('?).(/'/+'$('),D+"=)#,'.%.($>'$%='-(<).($+=':;+'4?F")-('8(.),('<%/"H(' /+=.),("'('$('"+<%=)-)#,>'(?<$)(-)#,'Q'-"+(-)#,'/+'O;+,.+='/+'<"%/;--)#,'Q'/+' ."(*(L%N'i,-%"<%"(/(='/+=/+'=)+?<"+'('$('-%,=.+$(-)#,'/+$'<%/+"')?<+")($)=.(>' ,;+=."(='-$(=+='/%?),(,.+=',%'.)+,+,'+$'?+,%"'),.+"F='+,'(D+")&;("'=)'+$'
<(.")%.)=?%'<%/"H('"+=;$.("'?P='"+,.(*$+':;+'$('."()-)#,'%'=)'$('?+,/)-)/(/'+='$(' B,)-('O%"?('<%=)*$+'/+'$('<%$H.)-('),.+",(-)%,($N'@+'J)<%.+-('$('=%*+"(,H('<%":;+' a,%'J(Q'%."%'-(?),%b`'$(='-%(".(/(='/+'$('%$)&(":;H('-%,O;,/+,'),.+"+=(/(?+,.+' $(')?<%.+,-)('/+';,('-$(=+'=%-)($'-%,'+$'<"+=;,.%'D(.)%'/+'/+=.),%'/+'-(/(',(-)#,N'
M%=;F'/+'C(=."%'/+-$("(0'ag%>':;+'J+'"+-)*)/%';,'<"+?)%'),.+",(-)%,($'/+'$(' <(K>'<)+,=%':;+>'),O+$)K?+,.+>',%'J(Q'%."('=%$;-)#,':;+'$('D)%$+,-)('<("('4?F")-(' 8(.),(bN'C)+,.%'D+),.+'?)$$%,+='/+',)W%='=+'(&).(,'+,'+$'-+,."%'/+'+=.('.%"?+,.(N' 8('<%*$(-)#,'/+'4?F")-('8(.),('-"+-+'-%?%',),&;,('%."(`'+,'?+/)%'=)&$%'=+'
.")<$)-#'-%,'-"+-+=N'C(/('?),;.%'?;+"+';,',)W%'/+'+,O+"?+/(/'%'/+'J(?*"+>'<+"%' +,'+$'(W%'j\\\'J(*"P'=+)=-)+,.%='-),-;+,.('?)$$%,+='/+'$(.),%(?+")-(,%=>'Q'$('
?).(/'.+,/"P'?+,%='/+':;),-+'(W%='/+'+/(/0'5D:$K<?K:$;6$8>6?@<5!1,."+'$%='
/%=-)+,.%='%-J+,.('?)$$%,+='/+'$(.),%(?+")-(,%='J(Q>'('O),+='/+'Y]k\>'-),-;+,.(' ?)$$%,+='/+'/+=%-;<(/%='%'=;*S%-;<(/%='Q'-+"-('/+'-)+,'?)$$%,+='/+'(,($O(*+.%=`' $('?).(/'/+'$%='$(.),%(?+")-(,%='D)D+'(<)W(/('+,'D)D)+,/(='),=($;*"+=N'8%='."+=' ?(Q%"+='?+"-(/%='/+'4?F")-('8(.),('S4"&+,.),(>'A"(=)$'Q'IF_)-%S',%'($-(,K(,'(' )&;($(">'=;?(/%=>'$('-(<(-)/(/'/+'-%,=;?%'/+'E"(,-)('%'/+'4$+?(,)('%--)/+,.($>' (;,:;+'$('<%*$(-)#,'"+;,)/('/+',;+=."%='."+='J9:D;67$+_-+/+'$("&(?+,.+'('$('/+' -;($:;)+"'<(H='+;"%<+%N'4?F")-('8(.),('<"%/;-+'J%Q'/H(>'+,'"+$(-)#,'-%,'$(' <%*$(-)#,>'?+,%='($)?+,.%=':;+'(,.+='/+'$('B$.)?('&;+""('?;,/)($>'Q'=;='
+_<%".(-)%,+='<+"'-(<).('J(,'/)=?),;)/%'."+='D+-+=>'('<"+-)%='-%,=.(,.+=>'/+=/+'$(' DH=<+"('/+'$('-")=)='/+'Y]j]N'1$'=)=.+?('+='?;Q'"(-)%,($'/+=/+'+$'<;,.%'/+'D)=.('/+' =;='/;+W%='+_."(,L+"%='Q'/+',;+=."('*;"&;+=H('/+'-%?)=)%,)=.(=>':;+'J('D+,/)/%'+$' ($?('($'2)(*$%'(';,'<"+-)%':;+'J;*)+"('(D+"&%,K(/%'('E(;=.%N'!+"%'+$'=)=.+?('+=' .(,')""(-)%,($'<("('.%/%='$%='/+?P=':;+'-;(,.%'?P='=+'/+=(""%$$('?P='(&;/)K('=;=' /+=+:;)$)*")%='Q'=;='.+,=)%,+=>'=;='-%,."(/)--)%,+='("/)+,.+=N'T(=.('$('
),/;=.")($)K(-)#,>'/+<+,/)+,.+'Q'.("/H(>':;+'-#?%/(?+,.+'-%+_)=.+'-%,'+$'$(.)O;,S /)%'Q'$(='+=.";-.;"(='/+'$('/+=)&;($/(/>'-%,.")*;Q+'('=+?*"("'$('/+=%-;<(-)#,'+,' D+K'/+'(Q;/("'('"+=%$D+"$(`'=+'+_.)+,/+'$('<%*"+K('Q'=+'-%,-+,."('$('"):;+K('+,'+=.(' "+&)#,':;+'-;+,.('-%,'),?+,=(='$+&)%,+='/+'*"(K%='-(H/%=':;+'=+'?;$.)<$)-(,'=),' /+=-(,=%N'9;+D(='OP*")-(='=+'),=.($(,'+,'$%='<%$%='<")D)$+&)(/%='/+'/+=(""%$$%'S@l%' !(;$%>'A;+,%='4)"+=>'$('-);/(/'/+'IF_)-%S'<+"%'?+,%='?(,%'/+'%*"('=+',+-+=).(' -(/('D+KN'1$'=)=.+?(',%'J('<"+D)=.%'+=.('<+:;+W('?%$+=.)(0'$%':;+'=%*"('+='&+,.+N'g' $('&+,.+'=+'"+<"%/;-+M$#6$I:C6$6A$:?<9$C<D$6D857>:7?<$L$7>D$@96C:5C><D67N'C(/(' D+K':;+/('?P='&+,.+'('$('D+"('/+$'-(?),%>'=),'."(*(L%'+,'+$'-(?<%>'/%,/+'+$'
! k!
$(='?P:;),(=0'+$'=)=.+?('D%?).('J%?*"+=N'8(='?)=)%,+=',%".+(?+")-(,(='+=.+")$)K(,' ?(=)D(?+,.+'?;L+"+='Q'=)+?*"(,'<H$/%"(=>'/)(O"(&?(=>'+=<)"($+=>'<"+=+"D(.)D%='Q' ($?(,(:;+='?("-(/%=>'<+"%'-%=+-J(,',)W%=`'<%"O)(/(?+,.+>'$%=',)W%='
$(.),%(?+")-(,%='-%,.),B(,',(-)+,/%>'"+)D),/)-(,/%'=;'/+"+-J%',(.;"($'('%*.+,+"' ;,'=).)%'*(L%'+$'=%$'+,'+=.(='.)+""(='+=<$F,/)/(=':;+'<%/"H(,'*"),/("'('.%/%='$%':;+'(' -(=)'.%/%=',)+&(,N'
4'<"),-)<)%='/+',%D)+?*"+'/+'Y]Z[>'5)-J("/'9)_%,'-%?<"%*#'+,'D%K'($.(':;+'$(' 4$)(,K('<("('+$'!"%&"+=%'J(*H('-;?<$)/%'=)+.+'(W%='/+'D)/('Q>'=),'+?*("&%>'=+' J(*H(,'(&"(D(/%'$('/+=,;.")-)#,'Q'$('+=-(=+K'/+'($)?+,.%='+,'4?F")-('8(.),(N' !%-%='?+=+='(,.+=>'+,'(*")$>'7+%"&+'dN'A($$'+=-")*H('+,'9(+&:!9:*)!&*!4%+*#!/-).+$%! &.#!0);<'4.#!/=6./.#>!%&!/%#6*+$%+$*!/%!&.#!+.6'*+%#!4?#!0*()%#!+*!#'5+'@'6.)?! -+.!.4%+.7.!/%!/%#$)-66';+!/%&!4-+/*2!:*)!A%)5*+7*#*!B-%!#%.>!%&!4-+/*!,.! A'A'/*>!/-).+$%!5%+%).6'*+%#>!/*#!$%)6'*#!0*()%!C!-+!$%)6'*!)'6*2!:*)!'+D-#$*!B-%! #%.>!%#!&'4'$./*!%&!0*/%)!/%!&*#!0.E#%#!0*()%#F2'A($$'J(*H('+,-(*+K(/%'$('
/+$+&(-)#,'/+'$%='1=.(/%='3,)/%='('$('!")?+"('C%,O+"+,-)('/+'C%?+"-)%'Q' 2+=(""%$$%'+,'7),+*"(>'Q'J(*H('D%.(/%'-%,."(',;+D+'/+'$%='/%-+'<"),-)<)%='
&+,+"($+='(<"%*(/%='<%"'$('-%,O+"+,-)('-%,'+$'O),'/+'($)D)("'$(='/+=D+,.(L(='/+'$%=' <(H=+='=;*/+=(""%$$(/%='+,'+$'-%?+"-)%'),.+",(-)%,($N'@%,'=+-"+.(='$(='?(.(,K(='/+' $('?)=+")('+,'4?F")-('8(.),(`'-(/('(W%'+=.($$(,>'=)$+,-)%=(?+,.+>'=),'+=."F<).%' ($&;,%>'."+='*%?*(='/+'T)"%=J)?('=%*"+'+=.%='<;+*$%=':;+'.)+,+,'$('-%=.;?*"+'/+' =;O")"'-%,'$%='/)+,.+='(<"+.(/%=N'1=.('D)%$+,-)('=)=.+?P.)-(>',%'(<("+,.+'<+"%'"+($>' D('+,'(;?+,.%0'=;='-"H?+,+=',%'=+'/)O;,/+,'+,'$('-"#,)-('"%L(>'=),%'+,'$(='
+=.(/H=.)-(='/+'$('E46N'A($$'/)-+':;+'$(')?<;,)/(/'+='.%/(DH('<%=)*$+>'<%":;+'$%=' <%*"+=',%'<;+/+,'/+=+,-(/+,("'$('&;+""('?;,/)($>'<+"%'+$'i?<+")%'=+'<"+%-;<(0' ),-(<(K'/+'?;$.)<$)-("'$%='<(,+=>'J(-+'$%'<%=)*$+'<%"'=;<")?)"'('$%='-%?+,=($+=N'
T/<?K:8:$A:$@<K96H:O$U?:86$:$5D'?6D;>J<VWO'&("(*(.+#';,'?(+=."%'/+$'J;?%"' ,+&"%'=%*"+';,'?;"%'/+'$('-);/(/'/+'8('!(KN'mn;F'=+'<"%<%,+,'$%='J+"+/+"%='/+' I($.J;='=),%'?(.("'('.%/%='$%='<"#_)?%='?+,/)&%='(,.+='/+':;+',(K-(,o'5%*+".' I-9(?("(>'+$'<"+=)/+,.+'/+$'A(,-%'I;,/)($':;+'J(*H('=)/%'<"+=)/+,.+'/+'$('E%"/' Q'@+-"+.(")%'/+'2+O+,=(>'(O)"?(':;+'$('+_<$%=)#,'/+?%&"PO)-('-%,=.).;Q+'+$'?(Q%"' %*=.P-;$%'<("('+$'<"%&"+=%'/+'4?F")-('8(.),('Q'(,;,-)(':;+'+$'A(,-%'I;,/)($' %.%"&("P'<")%")/(/>'+,'=;='<"F=.(?%=>'('$%='<(H=+=':;+'(<$):;+,'<$(,+='<("('+$' -%,."%$'/+'$(',(.($)/(/N''''
'''I-9(?("('-%?<";+*('-%,'$P=.)?(':;+'$%='-+"+*"%='/+'$%='<%*"+='<)+,=(,';,' D+),.)-),-%'<%"'-)+,.%'?+,%=>'Q'$%='.+-,#-"(.(='/+$'A(,-%'I;,/)($'X:;+'Q('
,(-)+"%,^'J(-+,'K;?*("'$(='-%?<;.(/%"(='Q'&+,+"(,'-%?<$)-(/H=)?%='
."(*($+,&;(='=%*"+'$(='D+,.(L(='/+',%',(-+"0'a@)';,'<(H='+,'/+=(""%$$%':;+'.)+,+';,(' "+,.('?+/)('6&3!416(%1!/+'Yp\'('j\\'/#$("+='(,;($+='$%&"('"+/;-)"'=;'O+".)$)/(/'+,' ;,'p\'<%"'-)+,.%'+,';,'<+"H%/%'/+'jp'(W%=>'($'-(*%'/+'c\'(W%='=;'"+,.('6&3!416(%1!
=+"P'=;<+")%"'<%"'$%'?+,%='+,';,'q\'<%"'-)+,.%'($',)D+$':;+'J;*)+"('($-(,K(/%'/+'$%' -%,."(")%>'Q'/%='D+-+='?P='+$+D(/('($'-(*%'/+'Z\'(W%=b>'(=+&;"(';,%'/+'$%='
! l!
(&;/)K("H('+$'<+$)&"%'/+'$('"+D%$;-)#,>'=),%':;+'(/+?P='=+'<"%/;-)"H('T5D:$ ;6J9:;:C>RD$;6A$D>=6A$;6$=>;:$;6$8<;<7$A<7$@56KA<7O$6A$D56789<$>DCA57>=6WM!
8%='1=.(/%='3,)/%=',%'=;O"+,>'O"%,.+"(='(/+,."%>'+$'<"%*$+?('/+'$('+_<$%=)#,'/+' $(',(.($)/(/>'<+"%'=+'<"+%-;<(,'-%?%',(/)+'<%"'/)O;,/)"'+')?<%,+">'+,'$%='-;(."%' <;,.%='-("/),($+=>'$('<$(,)O)-(-)#,'O(?)$)("N'9%'=#$%'+$'&%*)+",%`'.(?*)F,'
5%-G+O+$$+"'Q'$('O;,/(-)#,'E%"/'<(/+-+,'<+=(/)$$(='-%,'?)$$%,+='/+',)W%=':;+' (D(,K(,>'-%?%'$(,&%=.(=>'/+=/+'$%='J%")K%,.+='/+$'V+"-+"'I;,/%N'!$(.%,'Q' 4")=.#.+$+='=+'J(*H(,'%-;<(/%'/+$'.+?('(,.+=':;+'I($.J;='Q'I-9(?("(`'
=),'+?*("&%>'+,',;+=."%='.)+?<%=>'.%/('+=.('%O+,=)D(';,)D+"=($'-;?<$+';,('O;,-)#,' *)+,'/+O),)/(0'=+'<"%<%,+'L;=.)O)-("'$('?;Q'/+=)&;($'/)=.")*;-)#,'/+'$('"+,.('+,."+' $%='<(H=+='Q'+,."+'$(='-$(=+='=%-)($+=>'-%,D+,-+"'('$%='<%*"+='/+':;+'$('<%*"+K('+='+$' "+=;$.(/%'/+'$%='J)L%=':;+',%'=+'+D).(,'Q'<%,+"';,'/):;+'($'(D(,-+'/+'$('O;")('/+'$(=' ?(=(='+,'?%D)?)+,.%'Q'"+*+$)#,N'8%='/)=<%=).)D%='),."(;.+"),%='-%?<).+,'-%,'$(=' *%?*(='Q'$('?+."($$(>'+,'+$'=;/+=.+'(=)P.)-%>'+,'+$'+=O;+"K%'<%"'/+.+,+"'+$'
-"+-)?)+,.%'/+'$('<%*$(-)#,'/+'U)+.,(?N'&D$"?Q9>C:$!:8>D:$9675A8:$?S7$
I>J>QD>C<$L$6P>C:H$?:8:9$:$A<7$J5699>AA69<7$6D$A<7$X869<7$G56$6D$A:7$7>699:7$<$ 6D$A:7$C:AA67M!2)D+"=(='?)=)%,+=',%".+(?+")-(,(='J(,'+=.+")$)K(/%'('?)$$("+='/+' ?;L+"+='+,'$('4?(K%,)(>'<+=+'(':;+'F=.('+='$('K%,('J(*).(*$+'?P='/+=)+".('/+$' <$(,+.(N'1,'$('?(Q%"'<(".+'/+'$%='<(H=+='$(.),%(?+")-(,%=>'$('&+,.+',%'=%*"(0'O($.(N' A"(=)$'.)+,+'c['D+-+='?+,%='J(*).(,.+='<%"'G)$#?+."%'-;(/"(/%':;+'AF$&)-(`'
!("(&;(Q>'q]'D+-+='?+,%=':;+'i,&$(.+""(`'!+"B>'cj'D+-+='?+,%=':;+'M(<#,N'T().H'Q' 1$'@($D(/%">'J%"?)&;+"%='J;?(,%='/+'4?F")-('8(.),(>'.)+,+,';,('/+,=)/(/'/+' <%*$(-)#,'?+,%"':;+>'$('/+'i.($)(N'8%='<"+.+_.%='),D%-(/%='%O+,/+,'$('),.+$)&+,-)(`' $(='),.+,-)%,+='"+($+='+,-)+,/+,'$('),/)&,(-)#,N'4$'O),'Q'($'-(*%>',%'?+,%='/+'$(' ?).(/'/+'$%='.+"").%")%='/+'4"&+,.),(>'A%$)D)(>'A"(=)$>'CJ)$+>'1-;(/%">'!("(&;(Q'Q' U+,+K;+$('+=.P'J(*).(/('<%"',(/)+N'9),&;,('<%*$(-)#,'$(.),%(?+")-(,('-"+-+' ?+,%=':;+'$('/+$'3";&;(Q>'<(H='/+'D)+L%=>'Q'=),'+?*("&%',),&;,('%."(',(-)#,'J(' =)/%'.(,'-(=.)&(/(>'+,'$%='(W%='"+-)+,.+=>'<%"';,('-")=)=':;+'<("+-+'(""(=."("$('($' B$.)?%'-H"-;$%'/+'$%='),O)+",%=N'3";&;(Q'+=.P'D(-H%'Q'=;='<"(/+"(='OF".)$+='<%/"H(,' /("'/+'-%?+"'(';,('<%*$(-)#,'),O),).(?+,.+'?(Q%"':;+'$(':;+'J%Q'<(/+-+>'=%*"+'=;' =;+$%>'.(,.(='<+,;")(=N'
T(-+'?P='/+';,'=)&$%>';,'-(,-)$$+"'/+'7;(.+?($('J(*H('=+,.+,-)(/%'
<"%OF.)-(?+,.+0'T#69B:$C59><7<$G56$;6A$76D<$?>7?<$;6$A<7$&78:;<7$1D>;<7O$;6$;<D;6$ D<7$=>6D6$6A$?:AO$D:C>676$8:?K>QD$6A$96?6;><WM'I;+".('Q'+,.+""(/('$('4$)(,K('<("(' +$'!"%&"+=%>'+$'i?<+")%'<"%<%,+'(J%"(>'-%,'?P='<P,)-%':;+'&+,+"%=)/(/>')%#*&A%)! &*#!0)*(&%4.#!/%!G4=)'6.!H.$'+.!%&'4'+.+/*!/%!.+$%4.+*!.!&*#!
&.$'+*.4%)'6.+*#2'1,'d(=J),&.%,'.)+,+,'Q('?%.)D%='<("('=%=<+-J("':;+'$%=' <;+*$%='<%*"+=',%'@96P>696D!=+"'<%*"+=N'!+"%',%'=+'<;+/+':;+"+"'+$'O),'=),':;+"+"' $%='?+/)%=0':;)+,+=',)+&(,'$('$)*+"(-)#,'/+'4?F")-('8(.),(>',)+&(,'.(?*)F,' ,;+=."%'B,)-%'"+,(-)?)+,.%'<%=)*$+>'Q'/+'<(=%'(*=;+$D+,'('$(='+=.";-.;"(='+,' D)&+,-)(N'8%='L#D+,+='=+'?;$.)<$)-(,>'=+'$+D(,.(,>'+=-;-J(,0'm:;F'$+='%O"+-+'$('D%K' /+$'=)=.+?(o'1$'=)=.+?('J(*$(';,'$+,&;(L+'=;""+($)=.(0'<"%<%,+'+D).("'$%='
,(-)?)+,.%='+,'+=.(='.)+""(='D(-H(=`'%<),(':;+'O($.(,'-(<).($+='+,'<(H=+='/%,/+'$%=' -(<).($+='=%*"(,'<+"%'=+'/+=<+"/)-)(,`'/+,%?),(':L5;:$('$('%".%<+/)('/+O%"?(,.+' /+'$%='+?<"F=.).%='Q'($'/"+,(L+'/+'"):;+K(=':;+'$(='),D+"=)%,+='+_."(,L+"(='
! "?
('<%,+"'+,'<"P-.)-('$('L;=.)-)('=%-)($N'8('$;-J('/+'-$(=+=',%'+_)=.+'S=+'/+-"+.(S'?P=' :;+'<%"'-;$<('/+'$%='(&+,.+='O%"P,+%=':;+'$('+,-)+,/+,>'<+"%'+,'-(?*)%'+_)=.+,'$(=' -$(=+='=%-)($+=>'Q'('$('%<"+=)#,'/+';,(='<%"'%."(='=+'$('/+,%?),('+$'+=.)$%'%--)/+,.($' /+'D)/(M$!:7$6Y@6;>C><D67$C9>?>D:A67$;6$A<7$?:9>D67!.)+,+,'<%"'%*L+.%'"+=.(*$+-+"'+$' %"/+,'Q'$('<(K'=%-)($>'Q'$(='/)-.(/;"(='(/)-.(='('d(=J),&.%,'O;,/(,'+,'$(='-P"-+$+=' +$'+=.(/%'/+'/+"+-J%'Q'<"%JH*+,'$(='J;+$&(='Q'(,):;)$(,'$%='=),/)-(.%='<("('
<"%.+&+"'$('$)*+".(/'/+'."(*(L%N'
mV+,+?%='.%/%'<"%J)*)/%>'=($D%'-";K(",%='/+'*"(K%=o'8('<%*"+K(',%'+=.P'+=-").(' +,'$%='(=."%=`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aI+'J(,'."()-)%,(/%bN'g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
''''8%='O(,.(=?(='/+'.%/(='$(='"+D%$;-)%,+='+=."(,&;$(/(='%'."()-)%,(/(='('$%'$("&%'/+' $('.%".;"(/('J)=.%")('$(.),%(?+")-(,('=+'(=%?(,'+,'$(=',;+D(='+_<+")+,-)(=>'(=H''-%?%' $%='.)+?<%='<"+=+,.+='J(*H(,'=)/%'<"+=+,.)/%='Q'+,&+,/"(/%='<%"'&.#!!
6*+$)./'66'*+%#!/%&!<(=(/%N''
$$$$$!:$I>78<9>:$67$5D$@9<P68:$C<D$A:$?>9:;:$=56A8:$I:C>:$:89S73!@<9$A<$G56$P56O$L$ C<D89:$A<$G56$P56O$:D5DC>:$A<$G56$769SM!!%"'+=%'+,'+=.+'$)*"%>':;+':;)+"+'%O"+-+"';,(' J)=.%")('/+$'=(:;+%'Q'('$('D+K'-%,.("'-#?%'O;,-)%,(,'$%='?+-(,)=?%='(-.;($+='/+$' /+=<%L%>'(<("+-+,'$%='-%,:;)=.(/%"+='+,'$(='-("(*+$(='Q>'-+"-(>'&*#!$%6+;6).$.#!%+!&*#! D%$#>!T+",P,'C%".F='Q'&*#!'+@.+$%#!/%!4.)'+.>!&*#!6*))%5'/*)%#!/%&!)%'+*!Q'$(='
?)=)%,+='/+$'E%,/%'I%,+.(")%'i,.+",(-)%,($>'$%='/)D)/+,/%='/+'$%='."(O)-(,.+='/+' +=-$(D%='Q'$(='&(,(,-)(='/+'$(!7+,+"($'I%.%"=N'V(?*)F,'$%='JF"%+='/+""%.(/%='Q'$(=' "+D%$;-)%,+='/+',;+=."%='/H(=>'$(='),O(?)(='Q'$(='+=<+"(,K(='?;+".(='Q'"+=;""+-.(=0' $%='=(-")O)-)%='O+-;,/%=N'C;(,/%'4$+_(,/+"'D%,'T;?*%$/.'),D+=.)&#'$(='
-%=.;?*"+='/+'$%='(,.)&;%='J(*).(,.+='),/H&+,(='/+'$(='?+=+.(='/+'A%&%.P>'=;<%'
:;+'$%='),/)%='$$(?(*(,';<(=(41!('$(='DH-.)?(='/+'$(='-+"+?%,)(='").;($+=N'n;)J)-('
=)&,)O)-(*('<;+".(0'$('?;+".+'/+'-(/('+$+&)/%'(*"H(';,',;+D%'-)-$%'/+'-)+,.%' %-J+,.('Q'-),-%'$;,(=N'
! ""
' ' ' ' ' ' ' ' ' ' ' ' ' ' ' '
!5iI154'!45V1' '
' '
HG!:IJK"LG!M"H!3INJK"!!! OINI!K"PQHRGMI!
M"!HG!KSTQ"LG!M"!HG!RS"KKG!! !
' ' ' '
'
'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''
'
! "O
"H!PSVWI!M"!HG!OKQL!"W!HGP!"N:QXGMQKGP! M"!HGP!"P:GMGP!
'''''C;(,/%' C")=.#*($' C%$#,' =+' $(,K#' (' (."(D+=("' $%=' &"(,/+=' +=<(-)%=' D(-H%=' ($' %+=.+'/+'$('1-B?+,+>'J(*H('(-+<.(/%'+$'/+=(OH%'/+'$(='$+Q+,/(=N'V+?<+=.(/+='''' '.+"")*$+='L;&("H(,'-%,'=;=',(D+=>'-%?%'=)'O;+"(,'-P=-("(='/+',;+K>'Q'$(='(""%L("H(,' (' $(=' *%-(=' /+' $%=' ?%,=.";%=`' $(' &"(,' =+"<)+,.+' /+' $%=' ?("+=' .+,+*"%=%=>' J(?*")+,.(' /+' -(",+' J;?(,(>' +=.("H(' ($' (-+-J%N' @#$%' O($.(*(,' ?)$' (W%=' <("(' :;+' $%=' O;+&%=' <;")O)-(/%"+=' /+$' L;)-)%' O),($' (""(=("(,' +$' ?;,/%>' =+&B,' -"+H(,' $%=' J%?*"+='/+$'=)&$%'_D>'Q'+$'?;,/%'+"('+,.%,-+='+$'?("'I+/).+""P,+%'-%,'=;='-%=.(=' /+' (?*)&;(' <"%Q+--)#,' J(-)(' +$' rO")-(' Q' 6")+,.+N' 8%=' ,(D+&(,.+=' <%".;&;+=+=' (=+&;"(*(,' :;+' +$' D)+,.%' /+$' %+=.+' ."(H(' -(/PD+"+=' +_."(W%=' Q' (' D+-+=' (""(=."(*(' $+W%=' -;")%=(?+,.+' .($$(/%=>' <+"%' ,(/)+' =%=<+-J(*(' :;+' +$' ?;,/%' =+"H(>' <"%,.%>' (=%?*"%=(?+,.+'?;$.)<$)-(/%N'
4?F")-(' ,%' =#$%' -("+-H(' /+' ,%?*"+N' 8%=' ,%";+&%=' ,%' =(*H(,' :;+' $(' J(*H(,' /+=-;*)+".%' J(-H(' $("&%' .)+?<%>' Q' +$' <"%<)%' C%$#,' ?;")#>' /+=<;F=' /+' =;=' D)(L+=>' .%/(DH('-%,D+,-)/%'/+':;+'J(*H('$$+&(/%'($'4=)('<%"'$('+=<($/(N'1,'Yq]j>'-;(,/%' $(' *%.(' +=<(W%$(' =+' -$(D#' <%"' <")?+"(' D+K' +,' $(=' ("+,(=' /+' $(=' A(J(?(=>' +$' 4$?)"(,.+' -"+Q#' :;+' +=.(=' )=$(=' +"(,' ;,(' (D(,K(/(' /+$' M(<#,N' C%$#,' $$+D(*(' -%,=)&%' ;,' +L+?<$("' /+$' $)*"%' /+' I("-%' !%$%>' -;*)+".%' /+' (,%.(-)%,+=' +,' $%=' ?P"&+,+=' /+' $(=' <P&),(=N' 8%=' J(*).(,.+=' /+' C)<(,&%>' /+-H(' I("-%' !%$%>'a<%=++,' %"%'+,'+,%"?+'(*;,/(,-)('Q'$(='?),(='/%,/+'$%'+,-;+,."(,',%'=+'(&%.(,'L(?P=NNN' V(?*)F,' J(Q' +,' +=.(' )=$(' <+"$(=' /+$' ?P=' <;"%' %")+,.+' +,' &"(,' -(,.)/(/N' @%,' "%=(/(=>'"+/%,/(='Q'/+'&"(,'.(?(W%'Q'=%*"+<(=(,'+,'D($%"'('$(='<+"$(='*$(,-(=bN'8(' "):;+K('/+'C)<(,&%'J(*H('$$+&(/%'('%H/%='/+$'7"(,'RJ(,'R;*$()>'J(*H('/+=<+".(/%' +,'=;'<+-J%'+$'/+=+%'/+'-%,:;)=.("$(0'F$'J(*H('O"(-(=(/%N'2+'$(='O;$&;"(,.+='<P&),(=' /+'I("-%'!%$%'=+'+-J(*(,'($'D;+$%'.%/%='$%='*)+,+='/+'$('-"+(-)#,`'J(*H('-(=)'."+-+' ?)$' )=$(=' +,' +$' ?("' /+' $(' i,/)(' -%,' ?%,.(W(=' /+' %"%' Q' <+"$(=>' Q' /%-+' -$(=+=' /+' +=<+-)(='+,'-(,.)/(/+='),?+,=(=>'(/+?P='/+'$('<)?)+,.('*$(,-('Q',+&"(N'
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`' Q('-(=)'+=.(*(,'+_J(;=.%='$%='O)$%,+='/+'A%J+?)(>'@(L%,)('Q'+$'V)"%$N'
1=<(W('D)DH('+$'.)+?<%'/+'$('"+-%,:;)=.(N'Yq]j',%'O;+'=#$%'+$'(W%'/+$'
/+=-;*")?)+,.%'/+'4?F")-(>'+$',;+D%'?;,/%',(-)/%'/+'(:;+$$('+:;)D%-(-)#,'/+' -%,=+-;+,-)(='&"(,/)%=(=N'E;+'.(?*)F,'+$'(W%'/+'$('"+-;<+"(-)#,'/+'7"(,(/(N' E+",(,/%'/+'4"(&#,'+'i=(*+$'/+'C(=.)$$(>':;+'J(*H(,'=;<+"(/%'-%,'=;'?(.")?%,)%' +$'/+=&(""(?)+,.%'/+'=;='/%?),)%=>'(*(.)+"%,'('-%?)+,K%='/+'Yq]j'+$'B$.)?%' "+/;-.%'/+'$('"+$)&)#,'?;=;$?(,('+,'=;+$%'+=<(W%$N'T(*H('-%=.(/%'-(=)'%-J%'
=)&$%='"+-%*"("'$%':;+'=+'J(*H('<+"/)/%'+,'=)+.+'(W%=>YZ!MN'TN'1$$)%..>'8('7,61>1!(26&3(18*!A("-+$%,(>' Y]Zp^NQ'$('&;+""('/+'"+-%,:;)=.('J(*H('(&%.(/%'+$'.+=%"%'"+($N'!+"%'F=.('+"(';,('&;+""('
! "Z
(W%'Yq]j'-)+,.%'-),-;+,.('?)$'L;/H%='/+-$("(/%='O;+"(,'+_<;$=(/%='/+$'<(H=N'1=<(W(' (/:;)"H('"+($)/(/'-%?%',(-)#,'($K(,/%'+=<(/(='-;Q(='+?<;W(/;"(='/)*;L(*(,'+$' =)&,%'/+'$('-";KN'8('"+),('i=(*+$'=+'J)K%'?(/"),('/+'$('@(,.('i,:;)=)-)#,N'8('J(K(W(' /+$'/+=-;*")?)+,.%'/+'4?F")-(',%'<%/"H('+_<$)-("=+'=),'$('."(/)-)#,'?)$).("'/+' &;+""('/+'-";K(/(=':;+')?<+"(*('+,'$('C(=.)$$('?+/)+D($>'Q'$('i&$+=)(',%'=+'J)K%' "%&("'<("('/("'-("P-.+"'=(&"(/%'('$('-%,:;)=.('/+'$(='.)+""(='),-#&,).(='/+$'%."%'$(/%' /+$'?("N'1$'!(<(''
4$+L(,/"%'Ui>':;+'+"('D($+,-)(,%>'-%,D)".)#'('$('"+),('i=(*+$'+,'/;+W('Q'=+W%"('/+$' 9;+D%'I;,/%N'8('+_<(,=)#,'/+$'"+),%'/+'C(=.)$$('(?<$)(*('+$'"+),%'/+'2)%='=%*"+' $('.)+""(N'
V"+=' (W%=' /+=<;F=' /+$' /+=-;*")?)+,.%>' C")=.#*($' C%$#,' /)")&)#' +,' <+"=%,(' $(' -(?<(W('?)$).("'-%,."('$%='),/H&+,(='/+'$('2%?),)-(,(N'3,'<;W(/%'/+'-(*($$+"%=>' /%=-)+,.%='),O(,.+='Q';,%='-;(,.%='<+""%='+=<+-)($?+,.+'(/)+=."(/%='<("('+$'(.(:;+' /)+K?("%,' (' $%=' ),/)%=N' IP=' /+' :;),)+,.%=>' +,D)(/%=' (' 1=<(W(>' O;+"%,' D+,/)/%=' -%?%'+=-$(D%='+,'@+D)$$('Q'?;")+"%,'?)=+"(*$+?+,.+'Xj'8N' C(<).P,' Q' T+,")'8%"),>'1$'%31?1@#! &$! A2B3(41*! 1$%&,! C! )&,6<B,! )&! D#8E$*!A;+,%=' 4)"+=>' Y]q[^N' !+"%' ($&;,%=' .+#$%&%=' <"%.+=.("%,' Q' $('
+=-$(D)K(-)#,' /+' $%=' ),/)%=' O;+' O%"?($?+,.+' <"%J)*)/(' ($' ,(-+"' +$' ' ' =)&$%' sUiN' 1,' "+($)/(/>',%'O;+'<"%J)*)/('=),%'*+,/).(0'(,.+='/+'-(/('+,."(/('?)$).(">'$%='-(<).(,+=' /+'-%,:;)=.('/+*H(,'$++"'('$%='),/)%=>'(,.+'+=-")*(,%'<B*$)-%>';,'+_.+,=%'Q'"+.#")-%'
F&;<&3(2(&$%#!:;+' $%=' +_J%".(*(' (' -%,D+".)"=+' (' $(' =(,.(' O+' -(.#$)-(0' a@)' ,%' $%' J)-)+"+)=>'%'+,'+$$%'/)$(-)#,'?($)-)%=(?+,.+'<;=)+"+)=>'-+".)OH-%%=':;+'-%,'$('(Q;/(' /+'2)%='Q%'+,."("F'<%/+"%=(?+,.+'-%,."('D%=%."%='Q'D%='J("F'&;+""('<%"'.%/(='$(=' <(".+='Q'?(,+"(':;+'Q%'<;/)+"+>'Q'%='=;L+.("F'($'Q;&%'Q'%*+/)+,-)('/+'$('i&$+=)('Q' /+'@;'I(L+=.(/'Q'.%?("F'D;+=."(='?;L+"+='Q'J)L%='Q'$%='J("F'+=-$(D%=>'Q'-%?%'.($+=' $%='D+,/+"F>'Q'/)=<%,/"F'/+'+$$%='-%?%'@;'I(L+=.(/'?(,/("+>'Q'%='.%?("F'D;+=."%=' *)+,+='Q'%='J("F'.%/%='$%='?($+='Q'/(W%=':;+'<;/)+"+NNNbXc'2(,)+$'U)/(".>'i/+%$%&H('Q'"+($)/(/'/+' 4?F")-(>'I%,.+D)/+%>'Y]Z[N^'
4?F")-('+"('+$'D(=.%')?<+")%'/+$'2)(*$%>'/+'"+/+,-)#,')?<%=)*$+'%'/;/%=(>'<+"%' $('O(,P.)-('?)=)#,'-%,."('$('J+"+LH('/+'$%=',(.)D%='=+'-%,O;,/H('-%,'$('O)+*"+':;+' /+=(.(*(>'+,'$(='J;+=.+='/+'$('-%,:;)=.(>'+$'*")$$%'/+'$%='.+=%"%='/+$'9;+D%'I;,/%N' A+",($'2H(K'/+$'C(=.)$$%>'O)+$'-%?<(W+"%'/+'T+",P,'C%".F='+,'$('-%,:;)=.('/+' IF_)-%>'+=-")*+':;+'J(,'$$+&(/%'('4?F")-('a<%"'=+"D)"'('2)%='Q'('@;'I(L+=.(/'Q' .(?*)F,'<%"'J(*+"'"):;+K(=bN'
C%$#,':;+/#'/+=$;?*"(/%>'-;(,/%'($-(,K#'+$'(.%$#,'/+'@(,'@($D(/%">'<%"'$(' -%$%")/('."(,=<("+,-)('/+$'C(")*+>'+$'<()=(L+'D+"/+>'$('/;$K;"('Q'$('$)?<)+K('
! "e
!("(H=%bN' 1,' =;' .+"-+"' D)(L+' C%$#,' =+&;H(' -"+Q+,/%' :;+' (,/(*(' <%"' +$' ?("' /+' $(' CJ),(' -;(,/%' +,."#' +,' $(=' -%=.(=' /+' U+,+K;+$(`' +$$%' ,%' $+' )?<)/)#' ),O%"?("' :;+' /+=/+' ($$H' =+' +_.+,/H(' ;,(' .)+""(' ),O),).(' :;+' =;*H(' J(-)(' +$' !("(H=%' V+""+,($N' V(?*)F,'4?F")-%'U+=<;-)%>'+_<$%"(/%"'/+$'$).%"($'/+'A"(=)$'?)+,."(=',(-H('+$'=)&$%' sUi>' "+$(.("H(' (' 8%"+,K%' /+' IF/)-H=0' a8%=' P"*%$+=' =%,' /+' .(,.(' *+$$+K(' Q' .(,.(' *$(,/;"(':;+',%='=+,.H(?%='+=.("'+,'+$'!("(H=%'V+""+,($NNN'b'Xq'8;)='9)-%$(;'2t6$e+">'C"%,)=.(=' /+'$(='-;$.;"(='<"+-%$%?*),(=>'IF_)-%>'Y]ZcN'1$'(*%&(/%'4,.%,)%'/+'8+#,'!),+$%'/+/)-#'/%='.%?%='+,.+"%='('/+?%=."("':;+'+$' 1/F,' +=.(*(' +,'4?F")-(N'1,'1$'!("(H=%'+,'+$'9;+D%'I;,/%'XI(/")/>'YZpZ^>'),-$;Q#';,'?(<('/+'4?F")-('/+$'@;"'+,'+$':;+' <;+/+' D+"=+>' ($'6%+$)*>! %&! D.)/E+! /%'! "/=+! )%5./*! 0*)!+$' 4?(K%,(=>' +$' 5H%' /+' $(' !$(.(>' +$' 6"),%-%' Q' +$' I(&/($+,(N' 1$' O";.%' <"%J)*)/%' +"(' +$' <$P.(,%N' 1$' ?(<(' ),/H-(*(' +$' $;&("' +_(-.%' /+' /%,/+' J(*H(' <(".)/%' +$' 4"-(' /+' 9%F>' -;(,/%' +$' 2)$;D)%' 3,)D+"=($N^'C%,'/+=<+-J%'+=-")*H('C%$#,'('$%='"+Q+=>'/+=/+'M(?()-(>'+,'Yp\c0'aC;(,/%'
Q%'/+=-;*"H'$(='i,/)(=>'/)L+':;+'+"(,'+$'?(Q%"'=+W%"H%'")-%':;+'J(Q'+,'+$'?;,/%N'g%' /)L+'/+$'%"%>'<+"$(=>'<)+/"(='<"+-)%=(=>'+=<+-)+"H(=NNN'bN'
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a+$' =%$' /+' $%=' ?;+".%=b>' Q' +,' $(' (;/(-)(N' a4' $%=' %=(/%=' (Q;/(' O%".;,(b>' /+-H(' C%".F=N' 1$' <"%<)%' C%".F=' J(*H(' J)<%.+-(/%' .%/%=' =;=' *)+,+=' <+"=%,($+=' <("(' +:;)<("' $(' +_<+/)-)#,' (' IF_)-%N' @($D%' -%,.(/(=' +_-+<-)%,+=' -%?%' O;+' +$' -(=%' /+' C%$#,' %' I(&($$(,+=>' $(=' (D+,.;"(=' ,%' +"(,' -%=.+(/(=' <%"' +$' 1=.(/%>' =),%' <%"' $%=' -%,:;)=.(/%"+=' ?)=?%=>' %' <%"' $%=' ?+"-(/+"+=' Q' *(,:;+"%=' :;+' $%=' O),(,-)(*(,'Xp^N'p^'MN'IN'6.='C(</+:;H>'1$'1=.(/%'+=<(W%$'+,'$(='i,/)(=>'IF_)-%>'Y]qYN'
9(-)#' +$' ?).%' /+' 1$/%"(/%>' +$' ?%,("-(' *(W(/%' +,' %"%' :;+' $%=' ),/H&+,(=' ),D+,.("%,'<("('($+L("'('$%='),.";=%=0'/+=/+'7%,K($%'!)K(""%'J(=.('d($.+"'5($+)&J>' ?;-J%=' $%' <+"=)&;)+"%,' +,' D(,%' <%"' $(=' =+$D(=' Q' $(=' (&;(=' /+$' 4?(K%,(=' Q' +$' 6"),%-%N'1$'+=<+L)=?%'/+$'a-+""%':;+'?(,(*('<$(.(b'=+'J)K%'"+($)/(/'+,'Ypqp>'-%,'+$' /+=-;*")?)+,.%'/+'!%.%=H>'<+"%'(,.+='J(*H(,'?;+".%>'D+,-)/%='<%"'+$'J(?*"+'Q'<%"' $(' +,O+"?+/(/' %' (."(D+=(/%=' (' O$+-J(K%=' <%"' $%=' ),/H&+,(=>' ?;-J%=' /+' $%=' +_<+/)-)%,(")%=' :;+' ),.+,.("%,>' ),O";-.;%=(?+,.+>' /("' ($-(,-+' ($' ?(,(,.)($' /+' $(' <$(.('"+?%,.(,/%'+$'"H%'!("(,PN'
'''''T(*H(>'=H>'%"%'Q'<$(.('+,'&"(,/+='-(,.)/(/+=>'(-;?;$(/%='+,'$('?+=+.('/+'IF_)-%' Q'+,'+$'($.)<$(,%'(,/),%N'T+",P,'C%".F='"+D+$#'<("('1=<(W(>'+,'YpY]>'$('O(*;$%=(' ?(&,).;/'/+$'.+=%"%'(K.+-('/+'I%-.+K;?(>'Q':;),-+'(W%='/+=<;F='$$+&#'('@+D)$$('+$' &)&(,.+=-%'"+=-(.+>';,'(<%=+,.%'$$+,%'/+'%"%'Q'/%='/+'<$(.(>':;+'E"(,-)=-%'!)K(""%' J)K%'<(&("'($'),-('4.(J;($<('(,.+='/+'+=."(,&;$("$%N'4W%='(,.+=>'-%,'+$'%"%'
(""(,-(/%'/+'$(='4,.)$$(='J(*H('<(&(/%'$('C%"%,('$%='=+"D)-)%='/+'$%='?("),%=':;+' J(*H(,'(-%?<(W(/%'('C%$#,'+,'=;'<")?+"'D)(L+XZ'1("$'MN'T(?)$.%,>'4?+")-(,'V"+(=;"+'(,/'.J+'!")-+' 5+D%$;.)%,'),'@<(),'XYp\YSYZp\^>'I(==(-J;=+..=>'Y]cq^N'
! "i
$('+=<($/('/%*$(/('=%*"+'$%='<+=(/%='),=.";?+,.%='/+'$(*"(,K('."(H/%='/+=/+'
1=<(W(N'I;-J%='),/H&+,(='/+'$('2%?),)-(,('=+'(,.)-)<(*(,'($'/+=.),%')?<;+=.%'<%"' =;=',;+D%='%<"+=%"+='*$(,-%=0'?(.(*(,'('=;='J)L%='Q'=+'=;)-)/(*(,'+,'?(=(N'1$' -"%,)=.('%O)-)($'E+",P,/+K'/+'6D)+/%'),.+"<"+.(*('(=H>'('?+/)(/%='/+$'=)&$%'sUi>'+$' J%$%-(;=.%'/+'$%='(,.)$$(,%=0'aI;-J%='/+$$%=>'<%"'=;'<(=(.)+?<%>'=+'?(.("%,'-%,' <%,K%W('<%"',%'."(*(L(">'Q'%."%='=+'(J%"-("%,'<%"'=;='?(,%='<"%<)(=b!m>^,2B$.,!f&'292(&B!(&! Y%4&(,)!d4*6,'4$!A&2&'$.!8!2$61'$.!(&!.$*!J2(4$*)!C$('4()!"lil;!#$!426&'3'&6$+4@2!/4B,!&*+1&.$;!C&!$*,-='$!.&&')!&2!&.!].64-,!.4=',!(&.!6D+24+,! :'$2+D*!S&2D!H1-,2)!Q1=$)!&*6n4.!*,+4$.4*6&L)!V$'G*)!"l>?R!T#,*!42(4,*!2,!:1&',2!6,6$.-&26&!&E6&'-42$(,*;!W1*!A&2&*!*1=*4*6&2!&2!.,*! +',-,*,-$*!+1=$2,*;!<..,*!*&26G$2!12$!6$.!$%&'*4@2!3,'!.$!6&2*4@2!71&!&E4A&!&.!6'$=$0,!+,26421,)!71&!$.A12,*!*&!*14+4($',2!$26&*!71&!$+&36$'! &.!6'$=$0,!:,'B$(,o;!
'
K"RIKWGJGW!HIP!MSIP"P!OIW!HGP! GKNGP!P"OK"RGP!
'
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a/+=-%,%-)/(='-#?%'$(='J(=.('(:;H' /+=-;*)+".(='<%"'D;+=."%='+,D)(/%='Q'$(=':;+'=+'J(,'/+'/+=-;*")"'+,'$%'O;.;"%NNNbN' 4?F")-('J(*H('=)/%'/%,(/('('$('"+),('i=(*+$N'1,'Yp\[>';,(',;+D('*;$('-%,-+/)#'('$(' -%"%,('+=<(W%$(>'('<+"<+.;)/(/>'.%/%='$%='/)+K?%='"+-(;/(/%='+,'4?F")-(0'+$' -%/)-)(/%'<(."%,(.%';,)D+"=($'=%*"+'$('i&$+=)('/+$'9;+D%'I;,/%'),-$;H('+$'/+"+-J%' /+'<"+=+,.(-)#,'"+($'/+'.%/%='$%='*+,+O)-)%='+-$+=)P=.)-%=pmk!^14..&'-,!"#$%&'$!f'$2+,)!45& 6)782"1.,&921."("6,',*&C,2(')*+',-!./01-!2!34!54!677*,((-!,84!6".:&
'''''1$'V"(.(/%'/+'V%"/+=)$$(=>'=;=-").%'+,'Yq]q>'<+"?).)#'('!%".;&($'%-;<("'.+"").%")%='
(?+")-(,%=' ?P=' ($$P' /+' $(' $H,+(' /)D)=%")(' ."(K(/(' <%"' +$' !(<(>' Q' +,' Ypc\' I(".H?' 4$O%,=%' /+' @%;=(' O;,/#' $(=' <")?+"(=' <%*$(-)%,+=' <%".;&;+=(=' +,' A"(=)$>' +_<;$=(,/%' (' $%=' O"(,-+=+=N' g(' <("(' +,.%,-+=' $%=' +=<(W%$+=>' (."(D+=(,/%' =+$D(=' ),O+",($+=' Q' /+=)+".%=' ),O),).%=>' J(*H(,' (D(,K(/%' ?;-J%' +,' +$' <"%-+=%' /+' $('
+_<$%"(-)#,'Q'$('-%,:;)=.(N'1,'-G-H*!+$'!(-HO)-%'"+=<$(,/+-H('(,.+'$%='%L%='/+'U(=-%'
9BW+K'/+'A($*%(`'+,'+$'%.%W%'/+'-GII*!"+.%",(*(,'('1=<(W('$%='=%*"+D)D)+,.+='/+'$('
+_<+/)-)#,'/+'T+",(,/%'/+'I(&($$(,+=':;+'J(*H(,';,)/%'<%"'D+K'<")?+"('(?*%=' %-F(,%='Q'J(*H(,'D+")O)-(/%':;+'+$'?;,/%'+"('"+/%,/%'($'/("$+'$('D;+$.('-%?<$+.(`' ."+='(W%='(,.+='J(*H(,'<(".)/%'/+'$(')=$('/+'C;*(>'+,'/)"+--)#,'('IF_)-%>'$(='/)+K'
,(D+='/+'T+",P,'C%".F=>'Q'+,'-GIH!!+/"%'/+'4$D("(/%'=+'$(,K#'('$('-%,:;)=.('/+'
C+,."%(?F")-(`' E"(,-)=-%' !)K(""%' +,."#' .");,O(,.+' +,' +$' C;K-%>' +,' -GHH*!
(<%/+"P,/%=+' /+$' -%"(K#,' /+$' )?<+")%' /+' $%=' ),-(=`' +,'-GJ0*!!+/"%' /+' U($/)D)(' (."(D+=(*('+$'/+=)+".%'/+'4.(-(?('Q'O;,/(*('@(,.)(&%'/+'CJ)$+N'8%='-%,:;)=.(/%"+=' <+,+."(*(,'+$'CJ(-%'Q'"+D+$(*(,'+$'9;+D%'I;,/%'/+=/+'+$'!+"B'J(=.('$(='*%-(='/+$' "H%'?P='-(;/($%=%'/+$'<$(,+.(N''
! "j
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`'."(H('YZ'-(*($$%=>'HI!*($$+=.(=>'/)+K'-(W%,+='/+'*"%,-+'Q' ($&;,%='("-(*;-+=>'?%=:;+.+='Q'<)=.%$%,+=N'g'=),'+?*("&%>'$('-(<).($'/+'$%='(K.+-(=>' V+,%-J.).$P,>' +"(' <%"' +,.%,-+=' -),-%' D+-+=' ?(Q%"' :;+' I(/")/' Q' /;<$)-(*(' $(' <%*$(-)#,'/+'@+D)$$(>'$('?(Q%"'/+'$(='-);/(/+='+=<(W%$(=N'E"(,-)=-%'!)K(""%'+,."#'
+,'C(L(?("-('-%,'Y[\'=%$/(/%='Q'H/!-(*($$%=N'
'''''8%=' ),/H&+,(=' O;+"%,>' ($' <"),-)<)%>' /+""%.(/%=' <%"' +$' (=%?*"%N' 1$' +?<+"(/%"' I%-.+K;?(' "+-)*)#>' +,' =;' <($(-)%>' $(=' <")?+"(=' ,%.)-)(=0' ;,' -+""%' &"(,/+' (,/(*(' ?%D)F,/%=+' <%"' +$' ?(">' 6."%=' ?+,=(L+"%=' $$+&("%,' /+=<;F=0' aNNN?;-J%' +=<(,.%' $+' -(;=#'+$'%H"'-#?%'+=.($$('+$'-(W#,>'-#?%'"+.;?*('=;'+=."F<).%>'Q'-#?%'=+'/+=?(Q(' ;,%`'=+'$+'(.;"/+,'(';,%'$%='%H/%=N'g'-;(,/%'-(+'+$'.)"%>';,('-%?%'*%$('/+'<)+/"('=($+' /+' =;=' +,."(W(=0' D(' $$%D)+,/%' O;+&%NNNbN' 8%=' +_."(,L+"%=' ."(H(,' aD+,(/%=b' :;+' $%=' =%<%".(*(,' a.(,' ($.%' -%?%' $%=' .+-J%=bN' !%"' .%/(=' <(".+=' D+,H(,' +,D;+$.%=' =;=' -;+"<%=>' a=%$(?+,.+' (<("+-+,' =;=' -("(=N' @%,' *$(,-(=>' =%,' -%?%' =)' O;+"(,' /+' -($N' V)+,+,'+$'-(*+$$%'(?(")$$%>'(;,:;+'($&;,%='$%'.)+,+,',+&"%N'8("&('=;'*("*('+=NNN'bX ] ' @+&B,'8#,!),O%"?(,.+='),/H&+,(='/+'O"(Q'A+",("/),%'/+'@(J(&B,>'+,'+$'C#/)-+'E$%"+,.),%N'I)&;+$'8+#,S!%".)$$(>'L(,(E$!)&!8#,!
'&$4()#,*! "BM(4#*! -.N/O5'I%-.+K;?('-"+Q#':;+'+"('+$'/)%='n;+.K($-#(.$':;)+,'D%$DH(N'6-J%'
<"+=(&)%='J(*H(,'(,;,-)(/%>'<%-%'(,.+=>'=;'"+.%",%N'8%='-(K(/%"+='$+'J(*H(,'."(H/%' ;,' (D+' :;+' .+,H(' +,' $(' -(*+K(' ;,(' /)(/+?(' "+/%,/(' -%,' $(' O%"?(' /+' ;,' +=<+L%>' /%,/+'=+'"+O$+L(*('+$'-)+$%'-%,'+$'=%$'J(-)('+$'<%,)+,.+N'1,'+=+'+=<+L%'I%-.+K;?('D)%' ?("-J("'=%*"+'IF_)-%'$%='+=-;(/"%,+='/+'$%='&;+""+"%=N'1$'/)%='n;+.K($-#(.$'J(*H(' D+,)/%'<%"'+$'+=.+'Q'<%"'+$'+=.+'=+'J(*H(')/%0'+"('*$(,-%'Q'*("*;/%N'V(?*)F,'*$(,-%'Q' *("*;/%'+"('T;)"(-%-J(>'+$'/)%='*)=+_;($'/+'$%='),-(=N'g'+$'%")+,.+'+"('$('-;,('/+'$%=' (,.+<(=(/%='J+"%)-%='/+'$%='?(Q(='XY\'1=.(='(=%?*"%=(='-%),-)/+,-)(='J(,'+=.)?;$(/%'$('J)<#.+=)='/+':;+'$%=' /)%=+=' /+'$(='"+$)&)%,+='),/H&+,(='J(*H(,'=)/%'+,'"+($)/(/'+;"%<+%='$$+&(/%='('+=.(='.)+""(='?;-J%' (,.+=':;+' C%$#,N'5(O(+$' !),+/('gPW+K>'91!(,81!C!D#8E$*!A;+,%='4)"+=>'-.GG5O'
! ">
'''''8%='-(*($$%='J(*H(,'=)/%>'-%?%'$%='-(?+$$%=>'%")&),(")%='/+'4?F")-('XYY'V(-:;+..(' T(eG+=>'P3&=(,%#3(1*!+,'81*!Q(,%#3(1!)&!81!Q<21$()1)*!/+'$('Q W " P O I > !A;+,%='4)"+=>'-.NN5O!<+"%'=+'J(*H(,' +_.),&;)/%'+,'+=.(='.)+""(=N'i,."%/;-)/%='+,'1;"%<('<%"'$%='L),+.+='P"(*+=>'J(*H(,' <"+=.(/%'+,'+$'U)+L%'I;,/%';,('),?+,=(';.)$)/(/'?)$).("'Q'+-%,#?)-(N'C;(,/%' "+(<("+-)+"%,'+,'4?F")-('('."(DF='/+'$('-%,:;)=.(>'-%,.")*;Q+"%,'('/("'O;+"K(=' ?P&)-(='('$%='),D(=%"+='(,.+'$%='%L%='(.#,).%='/+'$%='),/H&+,(=N'@+&B,';,('D+"=)#,>' -;(,/%'+$'),-('4.(J;($<('D)%'$$+&("'('$%='<")?+"%='=%$/(/%='+=<(W%$+=>'?%,.(/%='+,' *")%=%='-(*($$%='%",(?+,.(/%='-%,'-(=-(*+$+='Q'<+,(-J%=>':;+'-%""H(,'
/+=+,-(/+,(,/%'.";+,%='Q'<%$D("+/(='-%,'=;='-(=-%='D+$%-+=>'=+'-(Q#'/+'+=<($/(=XYj^N''
I)&;+$'8+#,S!%".)$$(>'78!3&'&3,#!)&!81!4#$;<(,%15!F&814(#$&,!1R%&41,*!21C1,!&!($41,*! "BM(4#*!-.NJ51$'-(-):;+'V+-;?>'($'O"+,.+'/+'$%='J+"+/+"%='/+'$%='?(Q(=>'/+=-(*+K#' -%,'=;'$(,K('+$'-(*($$%'/+'!+/"%'/+'4$D("(/%>'-%,D+,-)/%'/+':;+'O%"?(*('<(".+'/+$' -%,:;)=.(/%"0'4$D("(/%'=+'$+D(,.#'Q'$%'?(.#'XYc'I)&;+$'8+#,S!%".)$$(>'#65!<5%'^''N'C%,.(/%='
-(*($$%=>'-;*)+".%='-%,'(""+%='/+'&;+""(>'/)=<+"=(*(,'$(='?(=(='),/H&+,(='Q' =+?*"(*(,'+$'.+""%"'Q'$('?;+".+N'a8%='-;"(='Q'?)=)%,+"%='+=<("-)+"%,'(,.+'$(' O(,.(=H('D+",P-;$(b>'/;"(,.+'+$'<"%-+=%'-%$%,)K(/%">'a:;+'$%='-(*($$%='+"(,'/+' %")&+,'=(&"(/%>'Q(':;+'@(,.)(&%>'+$'!(."#,'/+'1=<(W(>'?%,.(*('+,';,'<%."%'*$(,-%>' :;+'J(*H('&(,(/%'D($)%=(='*(.($$(='-%,."('$%='?%"%='Q'L;/H%=>'-%,'(Q;/('/+'$(' 2)D),('!"%D)/+,-)(b'XYq'V-#$.A*!G/*&@*!I$%)*>!['/.!#*6'.&!%+!%&!6*&*+'.D%>!8(':.7>!Z\]^_2!
'''''8(=' *(-.+")(=' Q' $%=' D)";=' O;+"%,' $%=' ($)(/%=' ?P=' +O)-(-+=N' 8%=' +;"%<+%=' ."(H(,' -%,=)&%>' -%?%' <$(&(=' *H*$)-(=>' $(' D)";+$(' Q' +$' .F.(,%=>' D(")(=' +,O+"?+/(/+=' <;$?%,("+=>'),.+=.),($+='Q'D+,F"+(=>'+$'."(-%?(>'+$'.)O;=>'$('$+<"(>'$('O)+*"+'(?(")$$(>' $(='-(")+=':;+'<;/"H(,'$(='*%-(=N'8('D)";+$('O;+'$('<")?+"('+,'(<("+-+"N'm9%'=+"H(';,' -(=.)&%' =%*"+,(.;"($' (:;+$$(' +<)/+?)(' /+=-%,%-)/('Q'"+<;&,(,.+':;+'+,-+,/H('$(' O)+*"+' Q' /+=-%?<%,H(' $(=' -(",+=o' ag(' =+' O;+"%,' (' ?+.+"' +,' V$(_-($(N' 1,.%,-+=' =+' /)O;,/)#' $(' +<)/+?)(0' .%=>' &"(,%=' ("/)+,.+=>' :;+' :;+?(,b>' /)-+' ;,' .+=.)?%,)%' ),/H&+,(>' Q' %."%0' a4' ?;-J%=' /)%' $(' ?;+".+' $(' <+&(L%=(>' (<+$?(K(/(>' /;"(' +,O+"?+/(/'/+'&"(,%=b'XYp! G-$*)%#! .+;+'4*#! /%! R'#$%&*'6*! %! '+@*)4.+$%#! /%! P.,.! 5`+>! %+! N'5-%&! H%;+a :*)$'&&.>!*02!-).N^N'8%='),/)%='?%"H(,'-%?%'?%=-(=`'=;='%"&(,)=?%=',%'%<%,H(,'/+O+,=(='
(,.+' $(=' +,O+"?+/(/+=' ,;+D(=N' g' $%=' :;+' =%*"+D)DH(,' :;+/(*(,' /+*)$).(/%=' +' ),B.)$+=N'1$'(,."%<#$%&%'*"(=)$+W%'2("-Q'5)*+)"%'+=.)?(':;+'?P='/+'$('?).(/'/+'$(' <%*$(-)#,'(*%")&+,'/+'4?F")-(>'4;=."($)('Q'$(=')=$(='%-+P,)-(='?;")#'-%,.(?),(/(' $;+&%' /+$' <")?+"' -%,.(-.%' -%,' $%=' J%?*"+=' *$(,-%='XYZ!M%)6C! K'(%')*>! &.#! G4=)'6.#! C! &.! 6'A'&'7.6';+>!$*4*!"0'H.!6'A'&'7.6';+!*66'/%+$.'!Q'+*#*$)*#2!H*#!0-%(&*#!$%#$'4*+'*>!J-%+*#!G')%#>!Z\b\>_N'
!
!
9OINI!QWIP!:Q"KOIP!3GNJKS"WRIP!
GWPcGW!"H!IKIF!
! "k
+,D)(/%='"+&($(,'('$%='+=<(W%$+='-%$$("+='/+'%"%'Q'*(,/+"(='/+'<$;?(='/+':;+.K($N' 8%='+=<(W%$+='a+=.(*(,'/+$+).P,/%=+N'C%?%'=)'O;+"(,'?%,%='$+D(,.(*(,'+$'%"%>' -%?%':;+'=+'=+,.(*(,'+,'(/+?P,'/+'&;=.%>'-%?%':;+'=+'$+='"+,%D(*('Q'=+'$+=' )$;?),(*('+$'-%"(K#,N'C%?%':;+'-)+".%'+=':;+'+=%'(,J+$(,'-%,'&"(,'=+/N'@+'$+=' +,=(,-J('+$'-;+"<%'<%"'+=%>'.)+,+,'J(?*"+'O;")%=('/+'+=%N'C%?%';,%='<;+"-%=' J(?*")+,.%='(,=H(,'+$'%"%b>'/)-+'+$'.+_.%',PJ;(.$'<"+=+"D(/%'+,'+$'C#/)-+'
E$%"+,.),%N'IP='(/+$(,.+>'-;(,/%'C%".F='$$+&('('V+,%-J.).$P,>'$('+=<$F,/)/('-(<).($' (K.+-(>'$%='+=<(W%$+='+,."(,'+,'$('-(=('/+$'.+=%"%>'aQ'$;+&%'J)-)+"%,';,('&"(,'*%$(' /+'%"%>'Q'/)+"%,'O;+&%>'+,-+,/)+"%,>'<"+,/)+"%,'$$(?('('.%/%'$%':;+'"+=.(*(>'<%"' D($)%=%':;+'O;+"(0'-%,'$%'-;($'.%/%'("/)#N'g'+,'-;(,.%'($'%"%>'$%='+=<(W%$+='$%' "+/;L+"%,'('*(""(=NNNbN'
T;$+='&;+""(>'Q'O),($?+,.+'C%".F=>':;+'J(*H('<+"/)/%'V+,%-J.).$P,>'$('
"+-%,:;)=.#'+,'YpjYN'ag'Q(',%'.+,H(?%='+=-;/%=>'Q(',%'.+,H(?%='?(-(,(=>'Q',(/(' .+,H(?%=':;+'-%?+">'Q(',(/('-%?)?%=bN'8('-);/(/>'/+D(=.(/(>'),-+,/)(/('Q' -;*)+".('/+'-(/PD+"+=>'-(Q#N'ag'.%/('$(',%-J+'$$%D)#'=%*"+',%=%."%=bN'8('J%"-('Q'+$' .%"?+,.%',%'O;+"%,'=;O)-)+,.+=0'$%='.+=%"%='(""+*(.(/%=',%'-%$?(*(,',;,-('$(=' +_)&+,-)(='/+'$(')?(&),(-)#,>'Q'/;"(,.+'$("&%='(W%='+_-(D("%,'$%='+=<(W%$+='+$' O%,/%'/+$'$(&%'/+'IF_)-%'+,'*;=-('/+$'%"%'Q'$%='%*L+.%='<"+-)%=%='<"+=;,.(?+,.+' +=-%,/)/%='<%"'$%='),/)%=N'
!+/"%' /+' 4$D("(/%' Q' =;=' J%?*"+=' =+' (*(.)+"%,' =%*"+' 7;(.+?($(' Q' a+"(,' .(,.%='$%='),/)%=':;+'?(.("%,>':;+'=+'J)K%';,'"H%'/+'=(,&"+>':;+'D)+,+'('=+"' +$' 6$)?.+<+:;+b>' Q' .(?*)F,' a+$' /H(' =+' D%$D)#' -%$%"(/%' <%"' $(' ?;-J(' =(,&"+' :;+' J;*%' (:;+$' /H(bN' 4,.+=' /+' $(' *(.($$(' /+-)=)D(>' aQ' DH=.%=+' $%=' ),/)%=' (.%"?+,.(/%=>'$+='/)L+"%,'('$%='+=<(W%$+=':;+',%'$+='(.%"?+,.("(,'?P=>':;+' ($$H' $+=' .+,H(,' ?;-J%' %"%>' <$(.(>' /)(?(,.+=' Q' +=?+"($/(=' :;+' $+=' .+,H(,' $%=' -(<).(,+='9+J()*'i_:;H,>'9+J()*'J+-J%'P&;)$('Q'$+#,N'g'$;+&%'=+'/)+"%,'('$%='' +=<(W%$+='Q'=+':;+/("%,'-%,'+$$%=NNN'b'XYk'I)&;+$'8+#,S!%".)$$(>'%<N'4(%5!S,!T?()5O'
4,.+=' /+' :;+' E"(,-)=-%' !)K(""%' /+&%$$("(' ($' ),-(' 4.(J;($<(>' $+' (""(,-#' ;,' "+=-(.+' +,' a(,/(=' /+' %"%' Q' <$(.(' :;+' <+=(*(,' ?P=' /+' D+),.+' ?)$' ?("-%=' /+' <$(.(>'O),(>';,'?)$$#,'Q'."+=-)+,.%='D+),.)=F)='?)$'+=-;/%='/+'%"%'O),H=)?%NNN'bN' 2+=<;F=' =+' $(,K#' =%*"+' +$' C;K-%N' @;=' =%$/(/%=' -"+H(,' :;+' +=.(*(,' +,."(,/%' +,' $(' C);/(/' /+' $%=' CF=("+=>' .(,' /+=$;?*"(,.+' +"(' $(' -(<).($' /+$' )?<+")%' ),-()-%>' <+"%' ,%' /+?%"("%,' +,' =($)"' /+$' +=.;<%"' Q' =+' <;=)+"%,' (' =(:;+("' +$' V+?<$%' /+$' @%$0' a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b'XY[')*)/N^''
! "l
-%,:;)=.(/%"+=' ,%' <;/)+"%,' (*(.)"' /+$' .%/%' =;=' ?;"%=' &)&(,.+=-%=' Q' J%Q' <;+/+' D+"=+>' ($' <)+' /+' $%=' +/)O)-)%=' -%$%,)($+=>' +$' .+=.)?%,)%' /+' <)+/"(' /+' $(' -%$%=($'(":;).+-.;"('),-()-(N'
'
"P:H"WMIK"P!M"H!:IRIPcd!"H!OSOHI!M"!HG!:HGRG!
'''''2)-+,' :;+' J(=.(' $(=' J+""(/;"(=' /+' $%=' -(*($$%=' +"(,' /+' <$(.(' +,' $(' F<%-(' /+$' (;&+' /+' $(' -);/(/' /+' !%.%=H'XY]' !("(' $(' "+-%,=.";--)#,' /+$' (<%&+%' /+'P#%#,U*! &8!(;.%"' J(' -%,=;$.(/%' $%=' =)&;)+,.+=' .+=.)?%,)%=' /+$' <(=(/%0' !+/"%'L(-+,.+' C(W+.+' Q' 2%?H,&;+K>'P#%#,U! 4#8#$(18*! V<U1! ?(,3E3(41*!V&#V3W+(41*!6#8U%(41*!4('(8!C!8&V18!)&8!V#?(&3$#!&!($%&$)&$4(1!)&!81!63#'($4(1!)&!P#%#,U*!8(' !(K>'-.H.X!9<(,!C(<%-J+>' F&814(E$! V&$&318! )&! 81! L(881! T26&3(18!)&!P#%#,U*!I(/")/>'-.G.X!C!Y(4#8W,!/+' I(".H,+K' 4"K(,K' Q' U+$(>'Q(,%#3(1!)&!81!L(881! T26&3(18!)&!P#%#,U*!A;+,%='4)"+=>'-.JH!A)&2W,*!$(='D3E$(41,!6#%#,($1,*!/+'U)-+,.+'7N'n;+=(/(>'P13U,*!-K.0*!C!91!4(<)1)!
Z$(41*!/+'M()?+'"#8($,5!!%.%=H>'-.N-5ON'2+'<$(.('+"(,'$%='($.("+='/+'$(=')&$+=)(='Q'$(='($(='/+'
$%=' :;+";*),+=' +,' $(=' <"%-+=)%,+=0' +,' YZp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aU($+';,'!+"Bb'O;+'+$'+$%&)%' ?P_)?%'('$(='<+"=%,(='%'('$(='-%=(='/+=/+':;+'!)K(""%'=+'J)K%'/;+W%'/+$'C;K-%>' <+"%'('<(".)"'/+$'/+=-;*")?)+,.%'/+$'-+""%>'2%,'n;)L%.+'/+'$('I(,-J('J(*$('-%,' %."(='<($(*"(=0'aU($+';,'!%.%=Hb>'(/D)+".+'('@(,-J%N'U+,('Q;&;$("'/+$'U)""+),(.%>' ?(,(,.)($'/+'$('<$(.('/+'4?F")-(>'!%.%=H'-%,.(*('-%,'Yj\'\\\'J(*).(,.+='=+&B,'+$' -+,=%'/+'YpkcN'@#$%'D+),.)%-J%'(W%='J(*H(,'."(,=-;"")/%'/+=/+':;+'$('-);/(/' *"%.("('+,."+'$%='<P"(?%='(,/),%='Q'Q('.+,H(>'-%?%'<%"'(".+'/+'?(&)(>'$('?)=?(' <%*$(-)#,':;+'8%,/"+='Q'?P='J(*).(,.+=':;+'@+D)$$(>'I(/")/>'5%?('%'!("H=N'T(-)(' YZp\>';,',;+D%'-+,=%'(/L;/)-(*('('!%.%=H'YZ\N\\\'J(*).(,.+=N'1"(';,('/+'$(='
-);/(/+='?P='&"(,/+='Q'?P='")-(='/+$'?;,/%>'/)+K'D+-+='?P='J(*).(/(':;+'A%=.%,>' +,'.)+?<%='+,':;+'9;+D('g%"G',)'=):;)+"('J(*H('+?<+K(/%'('$$(?("=+'(=HN'
8('J)=.%")('/+'!%.%=H',%'J(*H(',(-)/%'-%,'$%='+=<(W%$+=N'V)+?<%'(,.+='/+'$(' -%,:;)=.(>'+$'),-('T;(Q,('CP<(-'J(*H('%H/%'J(*$("'('=;='D(=($$%='/+$'@;?(L'6"-G%>' +$'-+""%'J+"?%=%>'Q'<%"'O),'<;/%'D+"$%'-;(,/%'=+'J)K%'$$+D(">'+,O+"?%>'('$(='.+"?(=' /+'V("(<(Q(N'2+=/+'$(='-J%K(='<(L)K(='/+$'<;+*$%'/+'C(,.;?("-(>'$%='%L%='/+$'),-(' -%,.+?<$("%,'<%"'<")?+"('D+K'(:;+$'-%,%'<+"O+-.%':;+'=+'($K(*(>'%"&;$$%=%>'<%"' +,."+'$(='($.(='-;?*"+='/+'$(='=+""(,H(=N'n;+/#'+=.;<+O(-.%N'8(='),O),).(='