Grebenev_-_Propedevtika_vnutrennikh_bolezney
.pdf
31
$"*+$'55*()%2+A*$#"#3**;+H)%A&'+*3##-+3"'3%"%$%&%/)>2+(*&+F+^3"'3%")'8+6%D'e;+L'/0=&':
#-58+)'+,7'5-6'.+6%D*?+$%&(#"A'=N*.58+5*5-#3'-*7#56%3,+5%A"#(')*=+a)'$"*3#"?+A"#06%2b+*0*+ (%1-(*= + )*16%2 + -#3$#"'-,">;+ W%D#- + />-C+ %&)*3+ *1 + $"%8(0#)*2 + 5*5-#3)%2 + 6"'5)%2 + (%0: 7')6*?+-,/#"6,0#1'+6%D*;
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
X*'A)%5-*7#56%#+1)'7#)*#+*3#=-+J#0,J#)*#+6%D*?+6%-%"%#+)'/0=&'#-58+$"*+*5-%N'=N*.+ 1'/%0#(')*8.?+3)%A*.+6%D)>.+/%0#1)8.?+'+-'6D#+6%D)>#+",/4>?+)'$"*3#"+)'+D*(%-#+*+/#&"'.+$%: 50#+/#"#3#))%5-*+a~yuzxt+|uxŽz{xu…€b?+$"*+/%0#1)*+H4#)6%+F+Y,J*)A'+*+/%0CJ*.+%-#6'.;+<-8),: ->#?+5$'8))>#+5+$%&0#D'N*3*+-6')83*+",/4>+1(#1&7'-%2+9%"3>+-*$*7)>+&08+5*9*0*-*7#56*.+ $%"'D#)*2;+!%50#%$#"'4*%))>#+",/4>+5(*-#0C5-(,=-+%+$#"#)#5#))>.+%$#"'4*8.;+!"*+4*""%: 1'.+$#7#)*+)#"#&6%+(>8(08=-58+5(%#%/"'1)>#+-#0#')A*g6-'1**+F+^5%5,&*5->#+1(#1&%76*e?+8(08=: N*#58+%&)*3+*1+.'"'6-#")>.+$"*1)'6%(+&'))%A%+1'/%0#(')*8;
L'",J#)*#+"%5-'+(%0%5+7'5-%+)'/0=&'#-58+$"*+g)&%6"*))>.+1'/%0#(')*8.; +e#"/&"#,2"' 2$242(",." '(5#A%+-#0'+aA*"5,-*13?+A*$#"-"*.%1b+3%D#-+/>-C+("%D))>3?+)%+7'N#+)'/0=&'#-58+ $"*+%$,.%08.+6%">+)'&$%7#7)*6%(+a5*)&"%3+H4#)6%+F+Y,J*)A'b?+$%0%(>.+D#0#1; +S&",KL",."' #2(+0'$242(')'/0=&'#-58+$"*+3*65##?+4*""%1'.+$#7#)*?+#(),.%*&*13#+*+*)9')-*0*13#;+<%0%: 5>+$%"'D'=-58+-'6D#+$"*+)#6%-%">.+6%D)>.+1'/%0#(')*8.;
!%(>J#))'8+0%36%5-C+)%A-#2+)'/0=&'#-58+$"*+3*65##?+')#3*8.?+A*$%(*-'3*)%1'.@+$%: "'D#)*#+(%13%D)%+$"*+)#6%-%">.+A"*/6%(>.+6%D)>.+1'/%0#(')*8.;+Z*"%6*#+,-%0N#))>#+$0%-: )>#+)%A-*+(5-"#7'=-58+$"*+'6"%3#A'0**;+!"*+/"%).%g6-'-*7#56%2+/%0#1)*?+("%D))>.+$%"%6'.+ 5#"&4'+*+)#6%-%">.+&",A*.+1'/%0#(')*8.+)%A-*+1'6",A08=-58?+$"*%/"#-'8+(*&+7'5%(>.+5-#6%0;
]'1(*-*#+$%&6%D)%A%+D*"%(%A%+50%8+3%D#-+/>-C+)%"3'0C)>3+*+(+"'10*7)%2+5-#$#)*+$%(>: J#))>3+*0*+$%)*D#))>3;+f*"%(%2+50%2+3%D#-+"'5$"#-C58+"'()%3#")%+*0*+#A%+%-0%D#)*#+ $"%*5.%&*-+0*JC+(+%$"##))>.+%/0'5-8.;+M+-%0N*)#+$%&6%D)%A%+D*"%(%A%+50%8+3%D)%+5,&*-C+ $,-#3+$'0C$'4**;+d"#13#")%#+"'1(*-*#+$%&6%D)%A%+D*"%(%A%+50%8+F+%D*"#)*#+ax{zsw~zyx~b+3%D#-+ />-C+(>1(')%+6'6+g61%A#))>3*+a*1/>-%7)%#+$*-')*#?+3'0%$%&(*D)>2+%/"'1+D*1)*?+'06%A%0*13+*+ -;+&;b?+-'6+*+g)&%A#))>3*+a)'",J#)*#+9,)64*2+g)&%6"*))>.+D#0#1+F+$%0%(>.?+N*-%(*&)%2?+A*: $%9*1'b+$"*7*)'3*+a"*5;+Ub;+L#&%5-'-%7)%#+"'1(*-*#+$%&6%D)%A%+D*"%(%A%+50%8+/>('#-+%/,50%(: 0#)%+6%)5-*-,4*%)'0C)>3*+%5%/#))%5-83*+%"A')*13'+a'5-#)*7#56*2+-*$b?+)#&%#&')*#3?+)'",J#: )*#3+9,)64**+$*N#('"*-#0C)>.+%"A')%(;+Y"'2)88+5-#$#)C+*5.,&')*8+)%5*-+)'1(')*# +10>"1(..=' M)'+)'/0=&'#-58+$"*+&0*-#0C)>.+*)-%65*6'4*8.?+."%)*7#56*.+*)9#64*8.+a-,/#"6,0#1+*+&";b?+10%: 6'7#5-(#))>.+)%(%%/"'1%(')*8.+A*$%9*1'?+N*-%(*&)%2+*+$%&D#0,&%7)%2+D#0#1?+'+-'6D#+$"*+"8+ $5*.*7#56*.+1'/%0#(')*2;+M$"##)*#+3'55>+-#0'+/%0C)%A%+&%$%0)8#-+$"#&5-'(0#)*#+%+#A%+,$*: -'))%5-*+*+$%1(%08#-+%/E#6-*()%+$"%50#&*-C+##+&*)'3*6,+(+$"%4#55#+0#7#)*8+%D*"#)*8+*0*+*5-%: N#)*8;
32
M-#6* + 3%A,- + />-C + %/,50%(0#)> + (>.%&%3 + D*&6%5-* + *1 + 5%5,&*5-%A% + ",50' + 7#"#1 + 5-#)6*+ 6'$*008"%(+*+56%$0#)*#3+##+(+-6')8.;+G6%$*(J'858+D*&6%5-C+3%D#-+/>-C+1'5-%2)%A%+a-"')55,&'-b+ 0*/%+(%5$'0*-#0C)%A%+ag655,&'-b+$"%*5.%D)*8;
G"(+,%A'2+"1'1'(*5*-+%-+3#5-)%A%+"'55-"%25-('+6"%(%:+*+0*39%%/"'N#)*8+*+)'/0=&'#-58+ $"*+1'6,$%"6#+(#)>+-"%3/%3?+5&'(0#)**+##+%$,.%0C=+*0*+,(#0*7#))>3+0*39'-*7#56*3+,10%3;
J3*.A'2+"1B '5(81'))>2+5+1'/%0#(')*#3+5#"&4'?+$%7#6+*+&",A*.+%"A')%(?+.'"'6-#"*1,#-58+ "'5$"%5-"')#)*#3+$%+(5#3,+-#0,+a')'5'"6'b+0*/%+0%6'0*1'4*#2+)'+5*33#-"*7)>.?+%A"')*7#))>.+ 3#5-'.+5+%/#*.+5-%"%)+-#0';+L#%/.%&*3%+,7*->('-C+(0*8)*#+(%13%D)%A%+&0*-#0C)%A%+$%0%D#)*8+ /%0C)%A%+)'+%&)%3+/%6,?+!"*+"'5$"%5-"')#))>.+*+1)'7*-#0C)>.+%-#6'.+-"')55,&'-+3%D#-+)'6'$: 0*('-C58+*+(+$%0%5-8.+-#0'K+(+/"=J)%2+a'54*-+F+x~†zyz~b?+$0#("'0C)%2+aA*&"%-%"'65+:+’•{uwy’wux•b+ * + ( + $%0%5-* + $#"*6'"&' + aA*&"%$#"*6'"& + F +’•{uwstuz†xu{z…€b; + !"* + %53%-"# + 6%D' + )'& + %-#7)>3+ ,7'5-6%3+6'D#-58+$"*$,.J#2?+0%5)8N#258;+]'5-8),-'8+*+)'$"8D#))'8+6%D'+$"*+%-#6#+6'D#-58+ $"%1"'7)%2?+7-%+8"6%+$"%8(08#-58+$"*+">.0%2+*+$%&6%D)%2+60#-7'-6#+a)'+(#6'.?+3%J%)6#b;+!%3*: 3%+%53%-"'?+%-#6+(>8(08=-+$,-#3+)'&'(0*(')*8+$'0C4#3+)'+6%D,?+$%6">('=N,=+6%5-)>#+%/"'1%: (')*8+a(+%/0'5-*+(),-"#))#2+$%(#".)%5-*+A%0#)*?+'+-'6D#+0%&>D#6?+$%85)*4>+*+&";bK+$"*+)'0*7**+ %-#6'+$%50#+%-)8-*8+$'0C4'+%5-'#-58+836'?+*57#1'=N'8+7#"#1+SF`+3*);+W#.')*13+(%1)*6)%(#)*8+ *+3#-%&>+(>8(0#)*8+%-#6%(+/,&,-+*10%D#)>+(+5$#4*'0C)>.+A0'('.+,7#/)*6';
M53%-"+0*39'-*7#56*.+,10%(;+Q*39'-*7#56*#+,10>+(+)%"3#+)#+(*&)>+*+)#+$"%N,$>('=-: 58;+<+1'(*5*3%5-*+%-+.'"'6-#"'+$'-%0%A*7#56%A%+$"%4#55'+(#0*7*)'+*.+6%0#/0#-58+%-+A%"%J*)>+&%+ 8/0%6';+X08+5,D)*8+%+5%5-%8)**+0*39'-*7#56%2+5*5-#3>?+$%3*3%+%53%-"'?+)#%/.%&*3%+$"*3#: )8-C+*+3#-%&+$'0C$'4**;+G0#&,#-+%/"'-*-C+()*3')*#+)'+(#0*7*),+0*39'-*7#56*.+,10%(?+*.+/%: 0#1)#))%5-C?+$%&(*D)%5-C?+6%)5*5-#)4*=?+5$'8))%5-C+5+6%D#2;+d'N#+(5#A%+,(#0*7*('=-58+$%&7#: 0=5-)>#?+J#2)>#?+)'&60=7*7)>#?+$%&3>J#7)>#+*+$'.%(>#+,10>;+!"*+)'0*7**+(%5$'0*-#0C)>.+ $"%4#55%(+(+$%0%5-*+"-'+%/)'",D*('=-58+,(#0*7#))>#+$%&7#0=5-)>#+0*39'-*7#56*#+,10>;+k"%: )*7#56%#+,(#0*7#)*#+J#2)>.+0*39'-*7#56*.+,0%(+3%D#-+/>-C+5(81')%+5+"'1(*-*#3+(+)*.+-,: /#"6,0#1)%A%+$"%4#55'+a.'"'6-#")>3+$"*1)'6%3+50,D*-+$%8(0#)*#+(+,10'.+A)%2)*6%(+5+$%50#&,=: N*3+%/"'1%(')*#3+5(*N#2+*+)#$%&(*D)>.+",/4%(b?+0*39%A"'),0#3'-%1';
]'6+D#0,&6'+*+"#D#+"'6+6*J#7)*6'+3%A,-+3#-'5-'1*"%('-C+(+0*39'-*7#56*#+,10>+J#*+50#('+ a-'6+)'1>('#3>2+(*".%(56*2+3#-'5-'1b;+\(#0*7#)*#+$%&3>J#7)>.+0*39'-*7#56*.+,10%(+*)%A&'+ %/)'",D*('#-58+$"*+"'6#+3%0%7)%2+D#0#1>;+!"*+)'0*7**+3#-'5-'1%(+(+0*39'-*7#56*#+,10>+%)*+ $0%-)>#?+$%(#".)%5-C+*.+)#"%()'8?+$'0C$'4*8+/#1/%0#1)#))'8;+i%0#1)#))%5-C+$"*+$'0C$'4**+0*3:
33
9'-*7#56%A%+,10'+*+$%6"'5)#)*#+6%D)>.+$%6"%(%(+)'&+)*3*+5(*-#0C5-(,=-+%+)'0*7**+(+)*.+ (%5$'0*-#0C)%A%+$"%4#55';+G*5-#3)%#+,(#0*7#)*#+0*39'-*7#56*.+,10%(+)'/0=&'#-58+$"*+0*39%: 0#26%1#?+0*39%A"'),0#3'-%1#?+0*39%5'"6%3'-%1#;+!"*+0*39%0#26%1#+*+0*39%A"'),0#3'-%1#+,10>+ 5$'*('=-58+3#D&,+5%/%2+*+)#+)'A)'*('=-58;+<+4#08.+&*'A)%5-*6*+(+)#85)>.+50,7'8.+$"*/#A'=-+6+
$,)64**+*0*+/*%$5**+0*39'-*7#56%A%+,10'; (KXFO@.XD_GBCFI.KAKOGXD0.M$"#=-+5-#$#)C+##+"'1(*-*8?+6%-%"'8+1'(*5*-+%-+.'"'6:
-#"'+"'/%->+$'4*#)-'?+1')8-*2+5$%"-%3+*+-;+&;+H3#=-+&*'A)%5-*7#56%#+1)'7#)*#+3#5-)'8+'-"%9*8+ 3,56,0'-,">?+(+%5%/#))%5-*+6%)#7)%5-#2?+(>8(08#3'8+5+$%3%NC=+*13#"#)*8+*.+%6",D)%5-*+*+ 5"'()#)*8+5+-'6%(>3*+D#+&'))>3*+5*33#-"*7)%A%+3#5-'+(-%"%2+6%)#7)%5-*;+X*'A)%5-*7#56,=+ "%0C+*A"'#-+-'6D#+%$"##)*#+3>J#7)%2+5*0>+*+(>8(0#)*#+"'55-"%25-(+9,)64**+3>J4+a5,&%"%: A*b;+M)*+3%A,-+)'/0=&'-C58+(%+("#38+/#"#3#))%5-*?+$"*+1'/%0#(')*8.+$%7#6+ag60'3$5*8b?+$#7#)*+ a$#7#)%7)'8+)#&%5-'-%7)%5-Cb?+$%"'D#)*8.+4#)-"'0C)%2+)#"()%2+5*5-#3>+a3#)*)A*-b?+5-%0/)86#?+
.%0#"#+*+&";
M/"'N'=-+()*3')*#+)'+"'10*7)%A%+"%&'+ #6->?+*56"*(0#)*8?+(>/,.')*8+*+$"%7*#+: 9%"3'4**+6%5-#2+7#"#$'?+A",&)%2+60#-6*?+$%1(%)%7)*6'+*+6%)#7)%5-#2;+M&)'6%+(%+3)%A*.+50,7'8.+ (>8(*-C+ %"3'4**+6%5-#2+3%D)%+-%0C6%+$"*+%N,$>(')**;+!"*+'6"%3#A'0**+$"%*5.%&*-+7"#1: 3#")%#+"'1"'5-')*#+$#"*9#"*7#56*.+6%5-#2+6%)#7)%5-#2+a$'0C4>+",6?+)%Ab?+56,0%(>.+6%5-#2?+)*D: )#2+7#0=5-*+*+&";+]'.*-*7#56*#+*13#)#)*8+(>8(08=-58+(+(*+-'6+)'1>('#3%2+6,"*)%2+A",&*?+"':
.*-*7#56*.+7#-%6+F+,-%0N#)*2+,+3#5-'+$#"#.%&'+"#/#"+(+"#/#")>#+."8N*?+*56"*(0#)*8+)*D)*.+ 6%)#7)%5-#2+*+&";+h,/#"6,0#1)>#+$%"'D#)*8+(+9%"3#+-'6+)'1>('#3%A%+A#3'-%A#))%A%+%5-#%3*#0*: -'+0%6'0*1,=-58+A0'()>3+%/"'1%3+(+g$*9*1#+6%5-#2+5+%/"'1%(')*#3+5(*N#(>.+.%&%(?+7#"#1+6%-%: ">#+$#"*%&*7#56*+(>#-58+A)%2;+W)%D#5-(#))>#+$%"'D#)*8+$0%56*.+6%5-#2+56#0#-'?+(+-%3+ 7*50#+7#"#$'?+%/)'",D*('#3>#+)'+"#)-A#)%A"'33'.+(+(*+%6",A0>.+$"%5(#-0#)*2+a #6->+(+ 6%5-)%2+-6')*b?+-*$*7)>+&08+3*#0%3)%2+/%0#1)*;+I'/%0#(')*8+$%1(%)%7)*6'+$"*(%&8-+6+#A%+: 9%"3'4**+*+*13#)#)*83+9%"3>+A",&)%2+60#-6*;+I)'7*-#0C)>#+ %"3'4**+$%1(%)%7)*6'+a6*9%1?+ 56%0*%1b+3%A,-+%-"*4'-#0C)%+(0*8-C+)'+9,)64**+%"A')%(+A",&)%2+60#-6*+a5#"&4#?+0#A6*#b;
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aA#/#")%(>+,10>b;+W%)%:
'"-"*-+a$%"'D#)*#+%&)%A%+5,5-'('b+7'N#+(%1)*6'#-+$"*+-,/#"6,0#1#+*+A%)%"##; (KXFO@.PFCGBCFKOGI0.!%1(%08#-+%/)'",D*-C+('"*6%1)%#+"'5J*"#)*#+(#)?+%-#7)%5-C?+*13#:
)#)*8 +6%D)>.+ $%6"%(%(?+ 3>J4?+ &"%D')*#+ 6%)#7)%5-#2? +: 9%"3'4*=? + $"*$,.0%5-C + * + A*$#"#3*= + ( + %/0'5-* + 5,5-'(%(?+ 81(>?+",/4>;+I'/%0#(')*8+4#)-"'0C)%2+a%$,.%0C?+6"%(%*10*8: )*8+(+3%1Ab?+'+-'6D#+$#"*9#"*7#56%2+)#"()%2+5*5-#3>+3%A,-+ $%(0#7C+1'+5%/%2+'-"%9*=+3>J4+*+$'"'0*7;
<'D)%# + &*'A)%5-*7#56%# + 1)'7#)*# + *3#=- + $'0C4> + (+ (*+/'"'/'))>.+$'0%7#6+a"*5;+_b+F+6%0/%(*&)>.+,-%0N#)*2+ 6%)4#(>.+9'0')A+$'0C4#(+",6+*+)%A;+H13#)8#-58+*+9%"3'+)%A: -#2K + %)* + )'$%3*)'=- + 7'5%(># + 5-#60'; + L'/0=&'#-58 + &'))>2+ 5*3$-%3+$"*+&0*-#0C)%+-#6,N*.+1'/%0#(')*8.+0#A6*.+a."%)*: 7#56*#+)'A)%*-#0C)>#+$"%4#55>b?+5#"&4'+a$%&%5-">2+/'6-#"*: '0C)>2+*0*+5#$-*7#56*2+g)&%6'"&*-?+("%D))>2+$%"%6+5#"&: 4'b?+$#7#)*+a4*""%1b;+!#"*%&*7#56*+)'5-,$'=N*2+5$'13+5%5,: &%(+6%)#7)%5-#2+$"*(%&*-+6+$%8(0#)*=+5*3$-%3'+^3#"-(%A%+ $'0C4'e+ F + ("#3#))%A%+ "#16%A%+ $%/0#&)#)*8+ $'0C4#(+ ",6 + *+ )%A@+%)+)'/0=&'#-58+$"*+/%0#1)*+]#2)%@+&0*-#0C)>2+5$'13+ 3%D#-+$"*(#5-*+6+A')A"#)#+$'0C4#(;
!"*+%53%-"#+)%A+50#&,#-+%/"'-*-C+()*3')*#+)'+9%"3,+ 5-%$+a$0%56%5-%$*#b;+G'/0#(*&)>#+A%0#)*+)'/0=&'=-58+$"*+
34
"'.*-#?+*)%A&'+$"*+5*9*0*5#;+L#"'()%3#")%#+,-%0N#)*#+6%5-#2+A%0#)*+,6'1>('#-+)'+$#"*%5-*-?+ 6%-%">2+*)%A&'+3%D#-+*3#-C+5*9*0*-*7#56,=+g-*%0%A*=;
!4'U!4>%9
:;+4.;<'0(a%-+0'-;+sxƒsxyzw+F+%N,$>(')*#b+F+60*)*7#56*2+3#-%&+*550#&%(')*8+$"*+$%3%: N*+%581')*8+5+4#0C=+*1,7#)*8+9*1*7#56*.+5(%25-(+*+7,(5-(*-#0C)%5-*+-6')#2+*+%"A')%(?+-%$%A"': 9*7#56*.+5%%-)%J#)*2+3#D&,+)*3*+*+%/)'",D#)*8+)#6%-%">.+9,)64*%)'0C)>.+8(0#)*2+(+%"A': )*13#+a-#3$#"'-,">+6%D*?+$,0C5'4**+5%5,&%(?+$#"*5-'0C-*6*+6*J#7)*6'+*+&";b;+!'0C$'4*8+J*"%: 6%+$"*3#)8#-58+(+$%(5#&)#()%2+("'7#/)%2+$"'6-*6#;
!'0C$'4*8+/>0'+*1(#5-)'+#N#+(+&"#()%5-*;+M+)#2+,$%3*)'#-58+(+5%7*)#)*8.+R*$$%6"'-';+ M&)'6%+g-%-+3#-%&+("'7*+$"*3#)80*+A0'()>3+%/"'1%3+&08+*1,7#)*8+9*1*7#56*.+5(%25-(+$%(#".: )%5-)%+"'5$%0%D#))>.+%"A')%(?+)'$"*3#"+6%D*?+5,5-'(%(?+6%5-#2+*0*+$'-%0%A*7#56*.+%/"'1%(': )*2+a%$,.%0*b?+'+-'6D#+&08+*1,7#)*8+5(%25-(+$,0C5';
X08+%/)'",D#)*8+)#6%-%">.+9*1*%0%A*7#56*.+8(0#)*2+(%+(),-"#))*.+%"A')'.+$'0C$'4*#2+ 5-'0*+$%0C1%('-C58+5"'()*-#0C)%+)#&'()%;+h'6?+)'$"*3#"?+*1,7#)*#+A%0%5%(%A%+&"%D')*8+*+(#".,: J#7)%A%+5#")%A%+-%076'+(%J0%+(+60*)*6,+$"*/0*1*-#0C)%+(+$#"(%2+$%0%(*)#+O‚O+(;+5%+("#3#: )*+];+Q'g))#6'?+!;+!*%""*+*+H;+Z6%&>?+'+5*5-#3'-*7#56'8+$'0C$'4*8+/"=J)%2+$%0%5-*+F+-%0C6%+ 5+6%)4'+O‚O+(;?+A0'()>3+%/"'1%3+$%50#+%$,/0*6%(')*8+"'/%-+G;+!;+i%-6*)'?+j;+R0#)'"'?+<;+!;+M/: "'14%('+*+L;+X;+G-"'D#56%;
H5-%"*8+"'1(*-*8+3#-%&*6*+$'0C$'4**+5(*-#0C5-(,#-+%+-%3?+7-%+&08+$%0,7#)*8+4#))>.+ 60*)*7#56*.+&'))>.+)#%/.%&*3>+)#+-%0C6%+%$>-+*+,$"'D)#)*8?+)%+*+-N'-#0C)%+"'1"'/%-'))>#+ %/N'8+3#-%&*6'+*+5$%5%/>+$'0C$'4**+"'10*7)>.+%/0'5-#2+-#0';+L'$"*3#"?+&%+5*.+$%"+3)%A*#+ 60*)*4*5->+57*-'=-?+7-%+(+)%"3#+$#7#)C+)#+$'0C$*",#-58?+(+-%+("#38+6'6+#N#+<;+!;+M/"'14%(,+*+ #A%+,7#)*6'3+,&'0%5C?+*5$%0C1,8+5$#4*'0C),=+3#-%&*6,+$'0C$'4**?+$"%N,$'-C+$#7#)C+$%7-*+,+ __•+1&%"%(>.+3%0%&>.+0=
f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e+F+-'1%(%2+6%5-*?+0'&%)*+("'7'?+$%&0%D#))%2+$%&+$%: 85)*4,+/%0C)%A%;
X08+&*'A)%5-*6*+1'/%0#(')*2+(),-"#))*.+%"A')%(+$'0C$'4*8+6'6+%&*)+*1+%5)%()>.+3#-%: &%(+*550#&%(')*8+/%0C)%A%+$"*3#)8#-58+%7#)C+J*"%6%;+<+1'(*5*3%5-*+%-+4#0*+*+%/E#3'+*550#&%: (')*8+$'0C$'4*=+(#&,-+"'10*7)%?+)%+(5#A&'+$%+%$"##))%2+5*5-#3#+*+$"'(*0'3@+*.+)#5%/0=: )*#+$"*(%&*-+6+)#85)>3?+'+*)%A&'+*+%J*/%7)>3+"#1,0C-'-'3;+L'$"*3#"?+6%D,+*0*+3>J4>+$"%N,: $>('=-?+(18(+*.+(+560'&6,+&08+%$"##)*8+-%0N*)>?+,$",A%5-*?+g0'5-*7)%5-*+*+$"%7*.+5(%25-(;+ X08+%$"##)*8+-#3$#"'-,">+7'5-#2+-#0'+60'&,-+",6*+$0'J38+)'+-,0%(*N#+*+6%)#7)%5-*+a$"*+ J%6#?+)'$"*3#"?+%/)'",D*('#-58+"#16'8+"'1)*4'+-#3$#"'-,">b?+)'+5*33#-"*7)>#+5,5-'(>+a6%D'+ )'&+(%5$'0#))>3+5,5-'(%3+-#$0##b+*+-;+&;+!'0C$'-%")%+*550#&,=-+$,0C5?+$"*D*3'8+$'0C4>+6+6%D#+ )'&+3#5-%3+$"%.%D)*8+'"-#"**@+$"*+g-%3+%$"#=-+5(%25-('+'"-#"*'0C)%2+5-#)6*?+.'"'6-#"+*+ 6'7#5-(%+$,0C5';+!'0C$'4*#2+$%0C1,=-58+&08+%/)'",D#)*8+^A%0%5%(%A%+&"%D')*8e@+g-%-+3#-%&+1': )*3'#-+%$"##))%#+3#5-%+(+&*'A)%5-*6#+1'/%0#(')*2+0#A6*.+*+$0#(">;+MA"%3),=+"%0C+*A"'#-+ $'0C$'4*8+(+&*'A)%5-*6#+1'/%0#(')*2+/"=J)%2+$%0%5-*@+$"*+g-%3+-'6D#+$%0C1,=-58+%5%/>3*+3#: -%&*6'3*?+%$*5')*#+6%-%">.+&')%+(+5%%-(#-5-(,=N*.+"'1'.+,7#/)*6';+G$#4*'0C)>#+$"*#3>+ $'0C$'-%")%A%+*550#&%(')*8+$"*3#)8=-58+(+'6,J#"56%:A*)#6%0%A*7#56%2+*+,"%0%A*7#56%2+$"'6: -*6#;
!%+5$%5%/,+$'0C$'4**+"'10*7'=- +-2$"#>,2(+,)C '* +84)321)C 'a"'1)%(*&)%5-C=+$%50#&)#2+ 8(08#-58+$"%)*6'=N'8+$'0C$'4*8+$,-#3+(&'(0#)*8+(#".,J6*+%&)%A%+$'0C4'+(+6'6,=:0*/%+-%76,+ -#0'?+50,D'N'8+&08+%$"##)*8+/%0#(>.+-%7#6b;+Y"%3#+-%A%?+$"*3#)8#-58+-04K-0:.5'23".&.'#)< 10&. 'a/*3'),'0C)'8+$'0C$'4*8b? ++24;1223#0/,05'-04K-0:.5'a '&08+%$"##)*8+/'00%-*"%(')*8+ $0%-)>.+-#0+a$#7#)C?+5#0#1#)6'?+%$,.%0*b+(+/"=J)%2+$%0%5-*+$"*+56%$0#)**+(+)#2+D*&6%5-*?+)'&:
35
6%0#))*6'+F+$"*+(>$%-#+(+6%0#))%3+5,5-'(#+*+-;+&;+L'6%)#4?+"'1"'/%-'))'8+<;+!;+M/"'14%(>3+*+ L;+X;+G-"'D#56%+84)32105'(124K/5*05'-04K-0:.5'*5$%0C1,#-58+&08+*550#&%(')*8+%"A')%(+(+A0,/*)#+ /"=J)%2+$%0%5-*;+L%+$"*+"'1)%%/"'1**+-#.)*6*+$'0C$'4**+(+%5)%(#+3#-%&'+0#D*-+%$"##))%#+ -'6-*0C)%#+%N,N#)*#+,+*550#&,=N#A%;
L#53%-"8+)'+J*"%6%#+$"*3#)#)*#+"#)-A#)%A"'9**+&08+"'5$%1)'(')*8+1'/%0#(')*2+6%5-#2+*+ %5%/#))%+5,5-'(%(?+$'0C$'4*8+*+1C+)#+$%-#"80'+1)'7#)*8;+X08+*550#&%(')*8+0*39'-*7#56*.+ ,10%(+$'0C$'4*8+%5-'#-58+$#"(>3+)#1'3#)*3>3+3#-%&%3;+M)'+1'50,D*('#-+%5%/%A%+()*3')*8+$"*+ *1,7#)**+60*)*7#56%2+')'-%3**+*+9*1*%0%A**+(),-"#))*.+%"A')%(+)'"8&,+5+&",A*3*+%5)%()>3*+ )#$%5"#&5-(#))>3*+3#-%&'3*+60*)*7#56%A%+*550#&%(')*8;
!#";6&&%9
:&%=#88'0(a%-+0'-;+stu†…~~zw+F+(>5-,6*(')*#b+F+3#-%&+*550#&%(')*8+(),-"#))*.+%"A')%(?+ %5)%('))>2+)'+$%5-,6*(')**+$%+$%(#".)%5-*+-#0'+%/50#&,#3%A%+5+%4#)6%2+.'"'6-#"'+(%1)*6'=: N*.+$"*+g-%3+1(,6%(;
W#-%&+(>5-,6*(')*8+/>0+$"#&0%D#)+Q;+P,g)/",AA#"%3+aSUmSb;+!"*+$#"6,55**+"'10*7)>.+ ,7'5-6%(+-#0'+3>+(>1>('#3+1(,6*?+)'+%5)%(')**+6%-%">.+3%D)%+5,&*-C+%+5%5-%8)**+%"A')%(?+0#: D'N*. + $%& + $#"6,-*",#3>3 + 3#5-%3; + !"* + (>5-,6*(')** + $%&0#D'N*# + -6')* + * + %"A')> + %5,N#: 5-(08=-+6%0#/'-#0C)>#+&(*D#)*8?+6%-%">#+$#"#&'=-58+%6",D'=N#3,+(%1&,.,+*+(%5$"*)*3'=-58+ )'J*3+,.%3+6'6+1(,6;+G(%25-(%+$#"6,-%")%A%+1(,6'+1'(*5*-+A0'()>3+%/"'1%3+%-+6%0*7#5-('+(%1:
&,.'+(+%"A')#?+g0'5-*7)%5-*+*+-%),5'+g-%A%+%"A')'; <5#+$0%-)>#?+)#+5%"D'N*#+(%1&,.'+%"A')>?+'+-'6:
D#+D*&6%5-*+&'=-+5%(#"J#))%+A0,.%2?+#&('+(%5$"*)*3'#: 3>2+)'+50,.+$#"6,-%")>2+1(,6?+6%-%">2+)'A08&)##+(5#A%+ (>8(08#-58+$"*+(>5-,6*(')**+$%+/#&",+a/#&"#))>2+1(,6b;+ !%g-%3,+$0%-)>#?+)#+5%"D'N*#+(%1&,.'+%"A')>+F+$#7#)C?+ 5#0#1#)6'?+$%76*?+5D'-%#+/#1(%1&,J)%#+0#A6%#?+'+-'6D#+D*&: 6%5-C+)#0C18+%-0*7*-C+&",A+%-+&",A'+$"*+$%3%N*+$#"6,55**;
G(%25-('+6'D&%A%+1(,6'?+$%0,7'#3%A%+$"*+$#"6,55**+ A",&)%2+60#-6*+*0*+D*(%-'+*+%-0*7'=N#A%58+%-+/#&"#))%A%+ 1(,6'?+1'(*58-+%-+5%"D')*8+(%1&,.'+*0*+A'1'+5%%-(#-5-(#): )%+(+A",&)%2+*0*+/"=J)%2+$%0%5-*;+]'1)*4'+(+1(,6#+)'&+0#A: 6*3*?+$#7#)C=?+5#0#1#)6%2?+5#"&4#3?+D#0,&6%3+*+-;+&;+%5)%: (>('#-58+)'+"'10*7)%3+6%0*7#5-(#?+"'5$"##)**+5%"D': N#A%58+(+)*.+*0*+%6%0%+)*.+(%1&,.'?+)'$"8D#)**+-6')*+*+)'+ "'10*7)%2+5*0#+-%076'?+$#"#&'('#3%A%+$#"6,55*#2+g-%3,+(%1: &,.,;
!"*+%$%5"#&%('))%2+$#"6,55**+(>5-,6*(')*#+
|
$"%*1(%&8-+3%0%-%76%3+$%+$0'5-*)6#+a$0#55*3#-"b?+$"*0%: |
|
]*5;+T;+!"'(*0C)%#+$%0%D#)*#+",6+$"*+ |
D#))%2+6+-#0,?+*0*?+0,7J#?+$'0C4#3+$%+$'0C4,+a"*5;+Tb; |
|
!"*+)#$%5"#&5-(#))%2+$#"6,55**+$%5-,6*('=-+38: |
||
$#"6,55**+$'0C4#3+$%+$'0C4,:$0#55*3#-: |
||
6%-C=+6%)7*6'+,6'1'-#0C)%A%+$'0C4'+)#$%5"#&5-(#))%+$%+ |
||
",; |
||
|
$%(#".)%5-*+-#0';+X08+-%A%+7-%/>+,&'"+/>0+5*0C)##?+,6': |
1'-#0C)>2+$'0#4+5)'7'0'+1'"D*('#-58+1'+6"'2+5"#&)#A%+$'0C4'?+'+1'-#3+5%56'6*('#-+5+#A%+/%6%: (%2+$%(#".)%5-*;+p-%-+5$%5%/+a$%+M/"'14%(,b+*3##-+-%+$"#*3,N#5-(%?+7-%+,&'"8=N*2+$'0#4+$%: 0,7'#-+%N,N#)*#+5-#$#)*+5%$"%-*(0#)*8+$#"6,-*",#3%A%+,7'5-6';
h'6+6'6+%"A')>?+5%"D'N*#+(%1&,.?+$"*+$#"6,55**+&'=-+A"%36*2+1(,6?+'+)#+5%"D'N*#+ (%1&,.'+F+-*.*2?+-%+)'+%5)%(')**+g-%2+"'1)*4>+1(,6'+3%D)%+)'2-*+A"')*4>+3#D&,+5%"D'N*3*+ *+)#+5%"D'N*3*+(%1&,.+%"A')'3*+F+3#D&,+0#A6*3*+*+$#7#)C=?+3#D&,+0#A6*3*+*+5#"&4#3+*+-;+&; G+$%3%NC=+-%$%A"'9*7#56%2+$#"6,55**+%$"#=-+A"')*4>+%"A')%(?+*.+(#0*7*),+*+9%":
3,;
G"'()*-#0C),= +$#"6,55*=+$"%(%&8- +5+4#0C= +5"'()#)*8+1(,6'+)'+5*33#-"*7)>.+3#5-'.+ A",&)%2+60#-6*;
!"*+$#"6,55**+(+1'(*5*3%5-*+%-+$%5-'(0#))>.+4#0#2+)')%58-+$#"6,-%")>#+,&'">+"'10*7: )%2+5*0>;+]'10*7'=-+$#"6,55*=+8#2&1)C'a5+)%"3'0C)%2+5*0%2+$#"6,-%")%A%+,&'"'b?++.>)C'*++.<
36
L0AL)C'a$%"%A%(,=b;+d#3+/%0CJ,=+5*0,+*3##-+$#"6,-%")>2+,&'"?+-#3+)'+/%0CJ##+"'55-%8)*#+(+ 5-%"%),+*+(+A0,/*),+%-+3#5-'+#A%+)')#5#)*8+"'5$"%5-"')8#-58+6%0#/')*#+-6')#2@+(%1)*6'#-+1(,6+ /%0CJ#2+5*0>;
!"*+A"%36%2+*0*+A0,/%6%2+$#"6,55**+(+6%0#/')*#+(%(0#6'=-58+-6')*+)'+,7'5-6#+"'&*,5%3+ VFU+53?+$"*+-*.%2+*0*+$%(#".)%5-)%2+$#"6,55**+F+`:V+53;+!%g-%3,+&08+(>8(0#)*8?+)'$"*3#"?+ A0,/%6%+"'5$%0%D#))>.+(+0#A6*.+$'-%0%A*7#56*.+%7'A%(+50#&,#-+$%0C1%('-C58+A"%36%2+$#"6,55*: #2?+$%(#".)%5-)%+"'5$%0%D#))>.+F+-*.%2+$#"6,55*#2@+$%50#&)88+$"*3#)8#-58+-'6D#+&08+%$"#: 0#)*8+A"')*4+*+"'13#"%(+"'1)>.+%"A')%(+F+0#A6*.?+$#7#)*?+5#"&4';+<+)#6%-%">.+50,7'8.?+)'$"*: 3#"+&08+%$"##)*8+'/5%0=-)%2+-,$%5-*+5#"&4'?+$%0C1,=-58 +-*J'2J#2+$#"6,55*#2@+$"*+g-%3+ 5*0'+$#"6,-%")%A%+,&'"'+&%0D)'+/>-C+%7#)C+50'/%2+F+)'+$%"%A#+1(,6%(%A%+(%5$"*8-*8;+L#"#&6%+(+ g-*.+50,7'8.+$%0C1,=-58+3#-%&*6%2+R%0C&J'2"'K+$#"6,55*=+(#&,-+5"#&)*3+$'0C4#3+$"'(%2+ ",6*+$%+$%(#".)%5-*+5%A),-%A%+(%+‚‚+9'0')A#+$%&+$"83>3+,A0%3+5"#&)#A%+$'0C4'+0#(%2+",6*?+6%-%: ">2+,5-')'(0*('#-58+$#"$#)&*6,08")%+$%(#".)%5-*?+$"*0#A'8+6+)#2+-%0C6%+386%-C=+6%)4#(%2+9': 0')A*+a$'0#4:$0#55*3#-"b;
I(,6*?+$%0,7'#3>#+$"*+$#"6,55**?+"'10*7'=-+$%+5*0#+a85)%5-*b?+(>5%-#+*+%--#)6,;+!%+5*0#+ %-0*7'=-+A"%36*2+a*0*+85)>2b+*+-*.*2+a*0*+-,$%2b+1(,6@+$%+(>5%-#+F+(>5%6*2+*+)*16*2@+$%+%-:
-#)6,+1(,6'+F+-*3$')*7#56*2?+)#-*3$')*7#56*2+*+1(,6+5+3#-'00*7#56*3+%--#)6%3; &A+,.QG@PROF@CFNF.H-RP,.(+$#"(,=+%7#"#&C+1'(*5*-+%-+'3$0*-,&>+1(,6%(>.+6%0#/')*2K+
7#3+5*0C)##+$%5-,6*(')*#?+-#3+A"%37#+/,-+1(,6?+$%g-%3,+$"*+$"*3#)#)**+%&)%A%+*+-%A%+D#+3#: -%&'+$#"6,55**+(+$"%4#55#+*550#&%(')*8+/%0C)%A%+$%5-,6*('-C+),D)%+5+%&*)'6%(%2+5*0%2;+!"*+ %&*)'6%(%2+5*0#+,&'"'+/%0##+A"%36*2+1(,6+(%1)*6'#-+)'&+%"A')%3?+5%"D'N*3+/%0CJ#+(%1&,.';
O#2&1.A'?5(,%A@'1(,6+$"*+$#"6,55**+,+1&%"%(>.+0=+%$"##-58+)'&+-%2+7'5-C=+A",&: )%2+60#-6*+*+D*(%-'?+A+)'.%&8-58+%"A')>?+5%"D'N*#+(%1&,.+*0*+A'1+a0#A6*#?+D#0,&%6?+6*J#7: )*6b;
c.>.A'?-#.+)-4",,%AB'*0*++)-2A@'1(,6+(>50,J*('#-58+$"*+$#"6,55**+(+3#5-'.+$"*0#A')*8+ 6+A",&)%2+*0*+/"=J)%2+5-#)6#+)#+5%"D'N*.+(%1&,.'+%"A')%(+F+$#7#)*?+5#"&4'?+5#0#1#)6*?+'+ -'6D#+$"*+$#"6,55**+3>J4;+p-%+-*.*2?+6%"%-6*2+*+(>5%6*2+1(,6?+)'$%3*)'=N*2+1(,6?+%/"'1,=: N*258+$"*+$%5-,6*(')**+$%+"#(,+*0*+/#&",+a/#&"#))>2+1(,6b;+!%0,7'#3>2+$"*+$#"6,55**+A",&: )%2+60#-6*+)%"3'0C)>2+A"%36*2+0#A%7)>2+1(,6+3%D#-+5-'-C+-*.*3?+#50*+(+0#A%7)%2+-6')*+,3#)C: J*-58+6%0*7#5-(%+(%1&,.'+*0*+#50*+3#D&,+0#A6*3*+*+A",&)%2+60#-6%2+a-;+#;+(+$0#("'0C)%2+$%0%:
5-*b+$"*5,-5-(,#-+D*&6%5-C+*0*+$0%-)'8+-6')C;
)DKFO,.QG@PROF@CFNF.H-RP,.1'(*5*-+%-+7'5-%->+1(,6%(>.+6%0#/')**K+7#3+3#)CJ#+%/E#3+ 1(,7'N#A%+-#0'?+-#3+7'N#+6%0#/')*8+*+(>J#+1(,6;+!#"6,-%")>2+1(,6+1&%"%(>.+0#A6*.+,+-#2+ (>J#?+7#3+,+(1"%50>.;
!"* + $%(>J#))%2 + (%1&,J)%5-* + 0#A6*. + ag39*1#3'b + $#"6,-%")>2 + 1(,6 + ( + %/0'5-* + 0#A6*.+ )*D#?+7#3+,+1&%"%(>.?+*+)'1>('#-58+12#232;,%&'/$)12&'aA"%36*2+)*16*2+1(,6?+5.%&)>2+5%+1(,6%3?+ (%1)*6'=N*3+$"*+$%6%0'7*(')**+$%+$,5-%2+6%"%/6#b;+h'6?+#50*+)%"3'0C)>2+$#"6,-%")>2+1(,6+ )'&+0#A6*3*+*3##-+7'5-%-,+ScTFSlc+R4?+-%+$"*+g39*1#3#+%)'+,3#)CJ'#-58+&%+UcF_c+R4;+<+$"%-*: (%$%0%D)%5-C+g-%3,+$"*+,$0%-)#)**+0#A%7)%2+-6')*+7'5-%-'+6%0#/')*2+,(#0*7*('#-58+&%+Vcc+R4+
*+/%0##;
(OOGCFP.QG@PROF@CFNF.H-RP,.3%D#-+/>-C+"'10*7)>2; +c.&-0,.;"(1.A'/$)1 '$%+5(%#3,+.': "'6-#",+)'$%3*)'#-+1(,6?+(%1)*6'=N*2+$"*+,&'"#+$%+/'"'/'),?+%-5=&'+*+$"%*1%J0%+#A%+)'1(')*#+ a%-+A"#7;+y•€sx}w}+F+/'"'/')b;+p-%+A"%36*2?+5"#&)#2+(>5%->+*0*+(>5%6*2+1(,6?+(%1)*6'=N*2+$"*+ $#"6,55**+)'&+$%0>3+%"A')%3+*0*+$%0%5-C=?+5%"D'N#2+(%1&,.;+h*3$')*7#56*2+1(,6+%-0*7'#-58+ %-+)#-*3$':)*7#56%A%+/%0##+$"'(*0C)>3*+$#"*%&*7#56*3*+6%0#/')*83*@+-'6*3+%/"'1%3?+$%+5(%#: 3,+.'"'6-#",+%)+$"*/0*D'#-58+6+-%),;+<+$"%-*(%$%0%D)%5-C+g-%3,+,"+.&-0,.;"(1."'/$)1.'5%": D'-+3)%A%+&%$%0)*-#0C)>.+'$#"*%&*7#56*.+6%0#/')*2+*?+50#&%('-#0C)%?+8(08=-58+J,3'3*;+h*3: $')*7#56*2+1(,6+$%8(08#-58+(+-%3+50,7'#?+Y%A&'+,3#)CJ'#-58+)'$"8D#)*#+5-#)6*+%"A')'?+5%"D': N#A%+(%1&,.;+\+1&%"%(>.+0=+-*3$')*7#56*2+1(,6+(%1)*6'#-+$"*+$#"6,55**+D#0,&6'+*+6*J#7: )*6'?+$#"6,55*8+1&%"%(>.+0#A6*.+)#+5%$"%(%D&'#-58+-*3$')*7#56*3+1(,6%3?+)%+#50*+)'$"8D#)*#+ -6')*+0#A6%A%+,3#)CJ'#-58?+-%+$%8(08#-58+-*3$')*7#56*2+%--#)%6+$#"6,-%")%A%+1(,6'@+g-%+/>('#-+ $"*+$0#("*-#+5+)#$%0)>3+5&'(0#)*#3+0#A6%A%+(>$%-%3?+$"*+(%5$'0#)**+*+%-#6#+0#A6%A%+a$#"6,: -%")>2+1(,6+(+g-%3+50,7'#+8(08#-58+$"*-,$0#))%:-*3$')*7#56*3b;+h*3$')*7#56*2+1(,6+(>50,J*:
37
('#-58+-'6D#+)'&+(%1&,J)>3*+$%0%5-83*+(+0#A6%3+*0*+$%$'&')**+(%1&,.'+(+$%0%5-C+$0#(">@+%)+ %$"##-58+)'&+/%0CJ*3*+6'(#")'3*?+$"*+%-6">-%3+$)#(3%-%"'65#@+(+g-%3+50,7'#+%)+A"%36*2;+ G"+044.;"(1.A'/$)1'F+6%"%-6*2?+85)>2+1(,6+5+5*0C)>3*+(>5%6*3*+%/#"-%)'3*+%/,50%(0#)+"#1%:
)')5%3+(+/0*D'2J#2+6",$)%2+A0'&6%5-#))%2+$%0%5-*?+5%"D'N#2+(%1&,.; !@,-A+,.QG@PRKKAA0.!#"6,55*8+&%0D)'+$"%(%&*-C58+$%+%$"##))>3+$"'(*0'3+5+5%/0=:
)*#3+50#&,=N*.+,50%(*2; !%0%D#)*#+/%0C)%A%+&%0D)%+/>-C+,&%/)>3?+)#)'$"8D#))>3;+Q,7J#+(5#A%+(#5-*+$#"6,5:
5*=+(+$%0%D#)**+/%0C)%A%+5-%8+*0*+5*&8@+0*JC+,+-8D#0%/%0C)>.+$#"6,55*=+$"%*1(%&8-+(+$%0%: D#)**+0#D';+!"*+$#"6,55**+51'&*+)'&%+$%5'&*-C+/%0C)%A%+)'+-'/,"#-+*0*+5-,0+0*4%3+6+#A%+5$*): 6#?+A%0%('+/%0C)%A%+&%0D)'+/>-C+)#56%0C6%+)'60%)#)'+($#"#&?+",6*+$%0%D#)>+)'+6%0#)*@+(+g-%3+ 50,7'#+&%5-*A'#-58+)'*/%0CJ##+"'550'/0#)*#+3>J4?+7-%+%/0#A7'#-+$#"6,55*=;
<+$%3#N#)**+&%0D)%+/>-C+-#$0%+*+-*.%;+],6*+("'7'+&%0D)>+/>-C+-#$0>3*; <"'7+&%0D#)+1')*3'-C+,&%/)%#+$%+%-)%J#)*=+6+*550#&,#3%3,+$%0%D#)*#;
G"#&)*2 + $'0#4 + 0#(%2 + ",6* + ("'7' + $"* + %/>7)% + $"%(%&*3%2 + $'0C4#:$'0C4#(%2 + $#"6,55**+ $0%-)%+)'+(5#3+$"%-8D#)**+$"*D*3'#-58+6+$#"6,-*",#3%2+$%(#".)%5-*@+(+$%50#&)#3+50,7'#+5%: 5#&)*#+$'0C4>+&%0D)>+/>-C+)#56%0C6%+"'55-'(0#)>+(+5-%"%)>+*+-'6D#+$0%-)%+$"*D'->+6+6%D#+ &08+%A"')*7#)*8+"'5$"%5-"')#)*8+6%0#/')*2?+(%1)*6'=N*.+$"*+$#"6,55**;
\&'"+)')%58-+-%0C6%+&(*D#)*#3+6*5-*+(+0,7#1'$85-)%3+5,5-'(#+$#"$#)&*6,08")%+$%(#".: )%5-*+-#0'+/%0C)%A%;+M)+&%0D#)+/>-C+6%"%-6*3+*+%-">(*5->3;+!#"6,-%")>#+,&'">+),D)%+)')%: 5*-C+5+%&)%2+*+-%2+D#+5*0%2?+-;+#;+%)*+&%0D)>+/>-C+"'()%3#")>3*;+G*0'+,&'"'+(+6'D&%3+50,7'#+ $#"6,55**+%$"##-58+##+1'&'7'3*;
!"* ++2-28#0g.;"(12A ' -"#1)((.. '$'0#4:$0#55*3#-" + ),D)% + ,5-')'(0*('-C + $'"'00#0C)%+ $"#&$%0'A'#3%2+A"')*4#+%"A')';+!#"6,55*=+(#&,-+%-+%"A')'?+&'=N#A%+/%0##+A"%36*2+1(,6@+(+5(81*+ 5+9*1*%0%A*7#56*3*+%5%/#))%5-83*+1(,6%(%A%+(%5$"*8-*8+(+g-%3+50,7'#+0#A7#+%$"#*-C+A"')*: 4,+*13#)#)*8+1(,6';+M-3#-6,+A"')*4>+'=-+$%+6"'=+$'0C4'?+%/"'N#))%3,+6+1%)#+/%0##+85)%A%+ 1(,6';
F#0$,.+"4K,)C ' -"#1)((.C '50#&,#- + $"%(%&*-C + )' + 5-"%A% + 5*33#-"*7)>. + ,7'5-6'. + -#0'+ a)'$"*3#"?+A",&)%2+60#-6*b+/%0C)%A%;
46&;6'U34>%9
M)(1)4K+0:.5'a%-+0'-;+x…~†…ƒyxyzw+F+(>50,J*(')*#b+F+3#-%&+*550#&%(')*8+(),-"#))*.+%": A')%(? + %5)%('))>2 + )' + (>50,J*(')** + 1(,6%(>. + 8(0#)*2? + 5(81'))>. + 5 + *. + -#0C)%5-C=;+ P,56,0C-'4*8+%5,N#5-(08#-58+$,-#3+$"*60'&>(')*8+6+$%(#".)%5-*+-#0'+7#0%(#6'+,.'+*0*+*)5-",: 3#)-'+&08+(>50,J*(')*8?+(+5(81*+5+7#3+"'10*7'=-+',56,0C-'4*=+$"83,=+a)#$%5"#&5-(#)),=b+*+ )#$"83,=+a%$%5"#&%(')),=b;+P,56,0C-'4*8+/>0'+"'1"'/%-')'+9"')4,156*3+("'7%3+]#)#+Q'g))#: 6%3+(+S_Sm+A;?+'+%$*5')'+*+((#)'+*3+(%+("'7#/),=+$"'6-*6,+(+S_ST+A;+M)+D#+*1%/"#0+$#"(>2+5-#: -%56%$;+Q'g))#6+%/%5)%('0+60*)*7#56,=+4#))%5-C+',56,0C-'4**?+%$*5'0+*+&'0+%/%1)'7#)*8+$%7-*+ (5#. + ',56,0C-'-*()>. + 9#)%3#)%( + a(#1*6,08")%#? + /"%).*'0C)%# + &>.')*#? + 6"#$*-'4*8? + J,3>b;+ i0'A%&'"8+*550#&%(')*83+Q'g))#6'+',56,0C-'4*8+(56%"#+5-'0'+('D)#2J*3+3#-%&%3+&*'A)%5-*6*+ /%0#1)#2+0#A6*.+*+5#"&4'+*+$%0,7*0'+/>5-"%#+$"*1)')*#+(%+3)%A*.+5-"')'.?+(+-%3+7*50#+(+]%55**;
<+S_`V+A;+$%8(*0*5C+$#"(>#+"'/%->+%-#7#5-(#))>.+'(-%"%(?+$%5(8N#))>#+g-%3,+3#-%&,;+ i%0CJ%# + ()*3')*# + "'1(*-*= + * + ()#&"#)*= + ',56,0C-'4** + ,P + !; + d'",6%(56*2; + ]'1(*-*#+ ',56,0C-'4** + ( + &'0C)#2J#3 + 5(81')% + 5 + ,5%(#"J#)5-(%(')*#3 + 5-#-%56%$' + a!; + !*%""*? + j; + R;+ [)%(56*2+*+&";b?+*1%/"#-#)*#3+/*)',"'0C)%A%+5-#-%56%$'+aL;+j;+j*0'-%(+*+&";b?+9%)#)&%56%$'+*+ *1,7#)*#3+9*1*7#56*.+%5)%(+',56,0C-'4**+aH;+Z6%&'?+P;+P;+M5-"%,3%(?+<;+!;+M/"'14%(+*+&";b;
X'0C)#2J*3+"'1(*-*#3+',56,0C-'4**+8(*0'5C+"'1"'/%-6'+3#-%&*6*+1'$*5*+1(,6%(>.+8(0#: )*2+a9%)%A"'9*8b?+(%1)*6'=N*.+(+"'10*7)>.+%"A')'.;+!#"('8+A"'9*7#56'8+1'$*5C+1(,6%(+5#"&4'+ %5,N#5-(0#)'+(+S_TV+A;+a<;+p2)-.%(#)b;+i0'A%&'"8+,0,7J#)*=+-#.)*6*+"#A*5-"'4**+1(,6%(+1'+$%:
50#&)*#+&('+:-*0#-*8+/>0%+"'1"#J#)%+3)%A%+)#85)>.+(%$"%5%(+',56,0C-'4**?+7-%+$%(>5*0%+##+ 1)'7#)*#;+P6-+&>.')*8?+5%6"'N#)*8+5#"&4'?+$#"*5-'0C-*6'+D#0,&6'+*+6*J#7)*6'+(>1>('=-+6%0#: /')*8+-6')#2?+7'5-C+6%-%">.+&%5-*A'#-+$%(#".)%5-*+-#0';+Y'D&'8+-%76'+6%D*+5-')%(*-58+*5-%7)*: 6%3+1(,6%(%2+(%0)>?+"'5$"%5-"')8=N#258+$%+(5#3+)'$"'(0#)*83;+!%+3#"#+%-&'0#)*8+g)#"A*8+ (%0)+"'5$"##-58+)'+(5#+/%0CJ*#+%/E#3>+(%1&,.'?+/>5-"%+,3#)CJ'#-58+'3$0*-,&'+6%0#/')*2+*+ 1(,6+5-')%(*-58+)'5-%0C6%+-*.*3?+7-%+)#+(%5$"*)*3'#-58+,.%3?+)#+5%$"*6'5'=N*358+5+-#0%3;+
38
!"83%#+$"*60'&>(')*#+,.'+*0*+5-#-%56%$'+$"#&%-("'N'#-+%50'/0#)*#+1(,6'+%-+"'55#*(')*8+g)#": A**;
<+60*)*7#56%2+$"'6-*6#+$"*3#)8=-+6'6+)#$%5"#&5-(#)),=+a$"83,=b?+-'6+*+%$%5"#&%('): ),=+a)#$"83,=b+',56,0C-'4*=;+!"*+$#"(%2+1)'7*-#0C)%+0,7J#+(>50,J*('=-58+-%)>+5#"&4'?+-*:
.%#+/"%).*'0C)%#+&>.')*#@+1(,6*+)#+*56'D'=-58+*+(%5$"*)*3'=-58+5+/%0CJ#2+$%(#".)%5-*+a5%%-: (#-5-(#))%+(#0*7*)#+,J)%2+"'6%(*)>b;+M&)'6%+g-%-+5$%5%/+)#$"*3#)*3+&08+',56,0C-'4**+(+)'&: 60=7*7)>.+836'.+*+$%&3>J#7)>.+($'&*)'.?+'+*)%A&'+*+$%+A*A*#)*7#56*3+5%%/"'D#)*83;
<+50,7'#+)#$"83%2+',56,0C-'4**?+-;+#;+5+$%3%NC=+*)5-",3#)-%(+*0*+$"*/%"%(?+$"%(%&8: N*.?+,5*0*('=N*.+*+9*0C-",=N*.+1(,6+$%+7'5-%-#+a)'$"*3#"?+5-#-%56%$?+9%)#)&%56%$b?+1(,6*+(+ /%0CJ#2+*0*+3#)CJ#2+5-#$#)*+*56'D'=-58+(50#&5-(*#+"#1%)')5';+M&)'6%+$"*+g-%3+%/#5$#7*('=-: 58+0,7J'8+0%6'0*1'4*8+*+%A"')*7#)*#+1(,6%(+"'1)%A%+$"%*5.%D)*8+)'+3'0%3+,7'5-6#?+$%g-%3,+ %)*+(%5$"*)*3'=-58+%/>7)%+/%0##+7#-6%;
!"*+',56,0C-'4**+-(#"&>3+5-#-%56%$%3+)'"8&,+5+$#"#&'7#2+1(,6'+7#"#1+5-%0/+(%1&,.'+*3#:
#-+1)'7#)*#+$#"#&'7'+(*/"'4*2+7#"#1+-(#"&,=+7'5-C+5-#-%56%$'+(+(*5%7),=+6%5-C+*550#&,=N#A%+ a6%5-)'8+$"%(%&*3%5-Cb;+!"%5-%2+5-#-%56%$?+*1A%-%(08#3>2+%/>7)%+*1+"#('?+$0'5-3'55>+*0*+ 3#-'00'?+5%5-%*-+*1+-",/6*+5+(%"%)6%2?+6%-%"'8+$"*5-'(08#-58+6+-#0,+/%0C)%A%?+*+(%A),-%2+$0': 5-*)6*+)'+&",A%3+6%)4#+&08+$"*60'&>(')*8+6+,.,+*550#&,=N#A%;+Z*"%6%+"'5$"%5-"')#)>+/*)',: "'0C)>#+5-#-%56%$>?+5%5-%8N*#+*1+(%"%)6*+*+&(,.+"#1*)%(>.+*0*+6',7,6%(>.+-",/%6?+6%)4>+6%: -%">. + (5-'(08=-58 + ( + ,J*; + i*)',"'0C)>2 + 5$%5%/ + ',56,0C-'4** + /%0## + ,&%/#)? + %5%/#))% + $"*+ ',56,0C-'4**+-#2+*+-8D#0%/%0C)>.;
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
!"*3#)8=-58?+6"%3#+-%A%?+9%)#)&%56%$>?+6%-%">#+(+%-0*7*#+%-+5-#-%56%$%(+*3#=-+3#3: /"')>+)'+(%"%)6#+*0*+6'$5,0#;+i>0*+$"#&0%D#)>+9%)#)&%56%$>+5+g0#6-"*7#56*3+,5*0*-#0#3+1(,: 6'?+%&)'6%+%)*+)#+$%0,7*0*+"'5$"%5-"')#)*8+(+5(81*+5%+50'/%2+50>J*3%5-C=+*+-",&)%5-C=+*5: -%06%(')*8+50%D)>.+1(,6%(+$"*+',56,0C-'4**?+$"'(*0C)'8+&*99#"#)4*'4*8+6%-%">.+&%5-*A'#-58+ -%0C6%+)'+%5)%(#+%$>-';+H3#=N*#58+(+)'5-%8N##+("#38+,5*0*-#0*+)#+%/#5$#7*('=-+"'()%3#")%A%+ ,5*0#)*8+(5#.+5%5-'(08=N*.+7'5-%-+1(,6'?+7-%+$"*(%&*-+6+#A%+*56'D#)*=;
X08+,3#)CJ#)*8+(+5-#-%56%$'.+8(0#)*2+"#1%)')5'+a-;+#;+,5*0#)*8+%&)%A%+-%)'+*1+5%7#-')*8+ "'10*7)>.+-%)%(b+)#%/.%&*3%?+7-%/>+,J)'8+$0'5-*)6'+*+(%"%)6'+$"*/%"'+)#+/>0*+50*J6%3+A0,: /%6*?+'+(),-"#))88+$%0%5-C+6'$5,0>+9%)#)&%56%$'+*3#0'+5#7#)*#+$'"'/%0>@+&0*)'+-(#"&%A%+5-#: -%56%$'+)#+&%0D)'+$"#(>J'-C+S`+53;+Y"%3#+-%A%?+D#0'-#0C)%?+7-%/>+-",/6*+9%)#)&%56%$'+/>0*+ (%13%D)%+6%"%7#?+'+6%0*7#5-(%+(%1&,.'+(+5*5-#3#+F+6'6+3%D)%+3#)CJ#;
P,56,0C-'4*8+%5-'#-58+)#1'3#)*3>3+&*'A)%5-*7#56*3+3#-%&%3+&08+*550#&%(')*8+0#A6*.?+ 5#"&4'+*+5%5,&%(?+'+-'6D#+$"*+%$"##)**+'"-#"*'0C)%A%+&'(0#)*8+$%+5$%5%/,+Y%"%-6%('?+"'5$%: 1)'(')*8+'"-#"*%(#)%1)>.+')#("*13?+(),-"*7#"#$)>.+')#("*13?+(+'6,J#"56%2+$"'6-*6#;+ P,56,0C-'4*8+$%6'1')'+$"*+*550#&%(')**+%"A')%(+$*N#('"#)*8+a%$"##)*#+6*J#7)>.+J,3%(?+ J,3'+-"#)*8+/"=J*)>?+J,3'+$"*+5,D#)**+6*J#7)*6'b?+'+-'6D#+5,5-'(%(+aJ,3'+-"#)*8+(),-"*5,:
5-'()>.+$%(#".)%5-#2+g$*9*1%(b; !@,-A+,.,RKPR+WO,YAA0.P,56,0C-'4*8+&%0D)'+$"%(%&*-C58+$%+%$"##))>3+$"'(*0'3+5+
5%/0=)*#3+50#&,=N*.+,50%(*2;+<+$%3#N#)**+&%0D)%+/>-C+-*.%?+7-%/>+)*6'6*#+$%5-%"%))*#+ J,3>+)#+1'A0,J'0*+(>50,J*('#3>.+("'7%3+1(,6%(?+*+&%5-'-%7)%+-#$0%?+7-%/>+/%0C)%2+3%A+)'.%: &*-C58+/#1+",/'J6*;+<%+("#38+',56,0C-'4**+/%0C)%2+0*/%+5-%*-?+0*/%+5*&*-+)'+5-,0#+*0*+(+$%5-#: 0*+F+(+1'(*5*3%5-*+%-+-%A%?+6'6%#+#A%+$%0%D#)*#+%$-*3'0C)%+&08+*550#&%(')*8;+h8D#0%/%0C)>.+ (>50,J*('=-+(+$%0%D#)**+0#D'+)'+$%5-#0*@+#50*+$"%(%&*-58+',56,0C-'4*8+0#A6*.?+-%?+(>50,J'(+ %&),+$%0%(*),+A",&)%2+60#-6*?+/%0C)%A%+%5-%"%D)%+$%(%"'7*('=-+)'+&",A%2+/%6+*+$"%&%0D'=-+ ',56,0C-'4*=;+G0#&,#-+*1/#A'-C+(>50,J*(')*8+)'&+$%(#".)%5-C=+6%D*?+*3#=N#2+(%0%5>?+-'6+6'6+ -"#)*#+%+)*.+"'5-",/'+*0*+3#3/"')>+9%)#)&%56%$'+5%1&'#-+&%$%0)*-#0C)>#+1(,6*?+1'-",&)8=N*#+
39
')'0*1+1(,6%(>.+8(0#)*2;+<%+("#38+(>50,J*(')*8+5-#-%56%$+),D)%+$0%-)%+(5#2+%6",D)%5-C=+ $"*D'-C+6+6%D#+/%0C)%A%;+G0#&,#-?+%&)'6%?+*1/#A'-C+50*J6%3+/%0CJ%A%+&'(0#)*8?+*)'7#+$"%*1%2: -+%50'/0#)*#+(*/"'4**+-6')*+(+1%)#+$"*0#A')*8+5-#-%56%$'?+(50#&5-(*#+7#A%+5-'),-+-*J#+*+(>: 50,J*('#3>#+1(,6*;+<"'7+&%0D#)+$0%-)%+,"D*('-C+5-#-%56%$+&(,38+$'0C4'3*;+<%+("#38+*550#: &%(')*8+(+5%%-(#-5-(**+5+$%5-'(0#))%2+1'&'7#2+%)+3#)8#-+$%0%D#)*#+/%0C)%A%+a)'$"*3#"?+(+$%0%: D#)**+/%0C)%A%+5*&8+*0*+5-%8+0,7J#+(>50,J*('#-58+&*'5-%0*7#56*2+J,3+'%"-'0C)%2+)#&%5-': -%7)%5-*?+'+&*'5-%0*7#56*2+J,3+3*-"'0C)%A%+5-#)%1'+F+#50*+/%0C)%2+0#D*-?+%5%/#))%+)'+0#(%3+ /%6,b;+L#%/.%&*3%+-'6D#+"#A,0*"%('-C+&>.')*#+/%0C)%A%?+'+(+)#6%-%">.+50,7'8.+#3,+$"#&0'A'=-+ $%6'J08-C+a)'$"*3#"?+$%50#+(>#)*8+3%6"%->+(>50,J*('#3>#+"')##+(+0#A6*.+."*$>+3%A,-+*5: 7#1),-C+*0*+*13#)*-C+5(%2+.'"'6-#"b;
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h%0C6%+(+g-%3+50,7'#+',56,0C-'4*8+6'6+3#-%&+*550#&%(')*8+ "'56">('#-+$#"#&+("'7%3+(5#+5(%*+(%13%D)%5-*;
%5&3"6=#534'U5?#.%.'41("43("5?#.=#3($?.%&&'#$()45%9
>"8$%#9&"$;+4"?&('(+;)*%;$*%"?&(9&$*/?('88+&/*3;"'0(/%0C)%A%+"'1)%%/"'1)>?+'+(+ $%50#&)*#+A%&>+*.+7*50%+)#$"#">()%+,(#0*7*('#-58;+<+%-0*7*# +%-+%5)%()>.+a"'55$"%5?+%53%-"?+ $'0C$'4*8?+$#"6,55*8?+',56,0C-'4*8b+g-*+3#-%&>+/'1*",=-58+)'+5%("#3#))>.+&%5-*D#)*8.+9*1*: 6*?+.*3**?+/*%0%A**+*+53#D)>.+)',6?+-"#/,=-+&08+$"%(#)*8+*550#&%(')*8+&%$%0)*-#0C)%A%+/%: 0##+*0*+3#)##+50%D)%A%+*)5-",3#)-'"*8+*0*+%/%",&%(')*8+a-#"3%3#-"?+g0#6-"%6'"&*%A"'9?+"#)-: A#)%(56'8+,5-')%(6'?+0'/%"'-%")%#+%/%",&%(')*#+*+-;+&;b+*+5$#4*'0C)%+$%&A%-%(0#))%A%+3#&*: 4*)56%A%+$#"5%)'0'+a0'/%"')->?+-#.)*6*?+("'7*:0'/%"')->?+("'7*:"#)-A#)%0%A*+*+-;+&;b;
Z*"%6%# + $"*3#)#)*# + ( + 60*)*7#56%2 + * + *550#&%('-#0C56%2 + $"'6-*6# + 0'/%"'-%")>. + *+ *)5-",3#)-'0C)>.+3#-%&%(+*550#&%(')*8+$%1(%08#-+A0,/D#+*1,7'-C+,D#+*1(#5-)>#+*+)#&%5-'-%7: )%+*1(#5-)>#+/%0#1)*?+'+A0'()%#+F+%5,N#5-(08-C+*.+"'))==+&*'A)%5-*6,?+/#1+6%-%"%2+)#(%13%D: )%+5(%#("#3#))%#+0#7#)*#;
G0#&,#-+#N#+"'1+$%&7#"6),-C?+7-%+*+0'/%"'-%")>#?+*+*)5-",3#)-'0C)>#+*550#&%(')*8+$"%: (%&8-58+-%0C6%+$%50#+5%5-'(0#)*8+-N'-#0C)%+$"%&,3'))%A%?+0%A*7#56*+%/%5)%('))%A%+$0')'+%/: 50#&%(')*8+/%0C)%A%+*+%/81'-#0C)%+$"*+,7#-#+5%%-(#-5-(,=N*.+$%6'1')*2+*+$"%-*(%$%6'1')*2+6+ *.+(>$%0)#)*=;+L'$"*3#"?+&08+$%D*0%A%+7#0%(#6'+5+(>"'D#))%2+60*)*7#56%2+6'"-*)%2+*J#3*: 7#56%2 + /%0#1)* + 5#"&4'? + 5-"'&'=N#A% + A*$#"-%)*7#56%2 + /%0#1)C=? + A'5-"%&,%)%56%$*8 + )#/#1%: $'5)'+*+/#1+%5%/%+('D)%2+$"*7*)>+a$%&%1"#)*#+)'+%$,.%0C+D#0,&6'b+%)'+g-%3,+/%0C)%3,+$"%-*(%: $%6'1')';+<+-'6*.+50,7'8.+$"*.%&*-58+-N'-#0C)%+%/&,3>('-C+$0')+&'0C)#2J*.+-(*2?+(1(#5*(+ (5#+^1'e+*+^$"%-*(e+*+5%$%5-'(*(+(#"%8-)%5-C+(>8(0#)*8+%$,.%0*?+6%-%",=?+3%D#-+/>-C?+3%D)%+ 5(%#("#3#))%+%$#"*"%('-C?+*+5-#$#)C+"*56'+%-+%50%D)#)*2+5'3%2+g)&%56%$*7#56%2+$"%4#&,">;+ G(%#+1'60=7#)*#+*+%/%5)%(')*#+(>/%"'+-'6-*6*+)#%/.%&*3%+-N'-#0C)%+%-"'1*-C+(+*5-%"**+/%0#1: )*;+B50*+$"*)8-%+"#J#)*#+$"%(#5-*+A'5-"%&,%)%56%$*=?+)#%/.%&*3%+%5,N#5-(*-C+5$#4*'0C),=+ $%&A%-%(6, + /%0C)%A% + a)'1)'7*-C + 5#&'-*()># + $"#$'"'->? + 6%"%)'"%0*-*7#56*#? + A*$%-#)1*()>#+ 5"#&5-('+*+&";b?+'+$"*+$"%(#)**+*550#&%(')*8+%/81'-#0C)%+$"*5,-5-(*#+0#7'N#A%+("'7';
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g-*+3#-%&>+/,&,-+ %5(#N#)>+/%0##+$%&"%/)%;
40
453"(!(=#3"%9
M,+#2-2&"+#.5 'a%-+A"#7; +x}y’uwsw~+ F+7#0%(#6+* +€tyuw}+ F+3#"'b+F+3#-%&+*550#&%(')*8?+ %5)%('))>2+)'+*13#"#)**+3%"9%0%A*7#56*.+*+9,)64*%)'0C)>.+$"*1)'6%(+7#0%(#6';+X08+$"'6-*: 7#56%2+3#&*4*)>+a')-"%$%3#-"*8+60*)*7#56'8b+&%5-'-%7)%+*13#"#)*8+5"'()*-#0C)%+)#/%0CJ%A%+ 6%0*7#5-('+$"*1)'6%(?+%5)%()>3*+*1+6%-%">.+8(08=-58+"%5-+*+3'55'+-#0'+7#0%(#6';
H13#"#)*#+"%5-'+*+&0*)>+-,0%(*N'+*3##-+/%0CJ%#+1)'7#)*#+&08+%4#)6*+%/N#A%+9*1*7#: 56%A%+"'1(*-*8+/%0C)%A%+*+$"%$%"4*%)'0C)%5-*+"'1(*-*8+%-C)>.+7'5-#2+#A%+-#0';+!%50#&)88+ 3%D#-+)'",J'-C58+$"*+)#6%-%">.+("%D))>.+a.%)&"%&*5-"%9*8b+*+$"*%/"#-#))>.+(+-56%3+ (%1"'5-#+a)#6%-%">#+g)&%6"*))>#+/%0#1)*b+1'/%0#(')*8.;
!%3*3%+%$"##)*8+"%5-'+*+&0*)>+-,0%(*N'?+)#"#&6%+*13#"8=-58+%6",D)%5-C+A",&)%2+ 60#-6*? + D*(%-'? + J#*? + A%0%(>? + "'13#">+ )*D)*. + 6%)#7)%5-#2? + -'1'? + ' + -'6D# + %-C)>. + %"A')%(+ a%$"##-58+3#-%&%3+$#"6,55**b;+h#.)*6'+*+1)'7#)*#+%5)%()>.+*1+,6'1'))>.+*13#"#)*2+/,&,-+ $"*(#)>+(+5%%-(#-5-(,=N*.+A0'('.;
W'55,+-#0'+%$"#=-+5+$%3%NC=+5$#4*'0C)>.+3#&*4*)56*.+(#5%(?+,-"%3+)'-%N'6+$%50#+ #6'4**+*+%$%"%D)#)*8+3%7#(%A%+$,1>"8@+0,7J#+(5#A%?+7-%/>+%/50#&,#3>2+/>0+$"*+g-%3+%/)': D#))>3?+(+6"'2)#3+50,7'#+F+(+0#A6%2+%D+!%(-%")>#+(1(#J*(')*8+(+4#08.+*1,7#)*8+&*)'3*: 6*+3'55>+-#0'+(+$"%4#55#+0#7#)*8+a)'$"*3#"?+$"*+$%.,&')**?+%D*"#)**?+6%)-"%0#+1'+5.%D)*#3+ %-#6%(+*+&";b+&%0D)>+$"%(%&*-C58+-'6D#+/#1+%D&>+*0*+(+-%2?+7-%+*+(+$#"(>2+"'1?+&08+*560=7#: )*8+%J*/6*?+%/,50%(0#))%2+"'10*7)%2+3'55%2+%D&>;
\5-')%(0#)%?+7-%+3#D&,+"%5-%3?+3'55%2+-#0'+*+%6",D)%5-C=+A",&)%2+60#-6*+7#0%(#6'+*3#: =-58+%$"##))>#+5%%-)%J#)*8?+6%-%">#+$%1(%08=-+0,7J#+%4#)*-C+$"%$%"4*%)'0C)%5-C+#A%+-#: 0%50%D#)*8;
L#6%-%"%#+$"'6-*7#56%#+1)'7#)*#+*3#=-+50#&,=N*#+$%6'1'-#0*?+*0*+*)A>K S;+]%5-%(#5%(%2+$%6'1'-#0C?+%-"'D'=N*2+$"%$%"4*%)'0C)%5-C+"%5-'+*+3'55>+-#0';+M$"#:
08#-58+$%+9%"3,0#K
A +hF3'55'+-#0'?+6A@ +iF"%5-?+53;+L%"3'0C)%#+5%%-)%J#)*#+"%5-'+*+3'55>+(>"'D'#-58+ *)A%3+lU:Vc@+/%0##+)*16*2+$%6'1'-#0C+5(*-#0C5-(,#-+%+$%)*D#))%2+,$*-'))%5-*+/%0C)%A%?+ /%0##+(>5%6*2+F+%+$%(>J#))%2;
`; + H)A + $"%$%"4*%)'0C)%5-* + 3#D&, + "%5-%3 +?d@ '* + %6",D)%5-C= + A",&)%2 + 60#-6* +?J1@=' M$"##-58+$%+9%"3,0#K
(+)%"3#+"'(#)+qcFqq@+/%0##+)*16*2+*)A+,6'1>('#-+)'+,16%A",&%5-C?+/%0##+(>5%6*2F J*"%6%A",&%5-C;
l;+H)A+!*)C#?+%$"#=N*2+$"%$%"4*%)'0C)%#+5%%-)%J#)*#+3#D&,+g-*3*+-"#38+$'"': 3#-"'3*K+dF?J1'–+G@='<+)%"3#+%)+$"*3#")%+"'(#)+`c?+'+$"*+)#&%5-'-%7)%2+$"%$%"4*%)'0C)%5-*+ 50%D#)*8+/>('#-+1)'7*-#0C)%+/%0CJ#+*0*+3#)CJ#+g-%2+4*9">;
G,N#5-(,#-+-'6D#+3#-%&+*13#"#)*8+3>J#7)%2+5*0>+F+&*)'3%3#-"*8?+6%-%"'8+$"%(%&*-58+ 5+$%3%NC=+&*)'3%3#-"'+F+5-'0C)%2+$0'5-*)6*:$",D*)>?+*3#=N#2+9%"3,+g00*$5'?+5%+J6'0%2+*+ 5-"#06%2;+!"*+5D'-**+&*)'3%3#-"'+",6%2+5-"#06'+53#N'#-58+$%+J6'0#?+$%6'1>('8+5*0,+5D'-*8;
3#"=(=#3"%9.3#'4
>,9&%&"'&($&9.&%;$#%?($"%*1(%&*-58+,+6'D&%A%+/%0C)%A%;+M)%+&'#-+(%13%D)%5-C+(>: 8(*-C+0*.%"'&%7)%#+5%5-%8)*#+*+*3##-+%A"%3)%#+1)'7#)*#+&08+&*'A)%5-*6*+1'/%0#(')*2;
d'N#+(5#A%+$"*7*)%2+0*.%"'&6*+/>('=-+*)9#64*%))>#+1'/%0#(')*8+*+%/"'1%(')*#+$"%: &,6-%(+"'5$'&'+-6')*+a)'$"*3#"?+%7'A'+)#6"%1'+$"*+*)9'"6-#+3*%6'"&'b;+Q*.%"'&6'+%/>7)%+8(: 08#-58+"#'64*#2+%"A')*13'+)'+*)9#64*=;+H)%A&'+*)9#64*%))%#+1'/%0#(')*#+3%D#-+)#+$"%8(08-C: 58+0*.%"'&6%2+*0*+("#3#))%+$"%-#6'-C+/#1+$%(>J#)*8+-#3$#"'-,">+a-,/#"6,0#1?+5*9*0*5+*+&";b;+ G-#$#)C+$%(>J#)*8+-#3$#"'-,">+(+1)'7*-#0C)%2+3#"#+1'(*5*-+%-+%"A')*13'+/%0C)%A%K+$"*+%&)%2+ *+-%2+D#+/%0#1)*+,+"'1)>.+0*4+%)'+3%D#-+/>-C+"'10*7)%2;+L'$"*3#"?+$"*+$)#(3%)**+,+3%0%&>.+
