Top Banner

of 88

Blender Book v 01

Oct 16, 2015

Download

Documents

Attempt pertama menulis buku, dengan intro yang aga "pissed off" melihat perkembangan buku lokal tentang komputer graphic (3D animation) :P

Buku ini membahas versi awal Blender ketika pertama kali direlease sebagai opensource (v.2.25).

Back then, Blender was an amazing software. Dan saya udah ngeliat potensinya.

Blender saat ini udah berada pada versi 2.70, jauh lebih friendly dan ratusan feature baru sudah diimplementasikan. Uploaded for archive purspose only.

Bebas dipakai untuk apa saja.
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
  • !"#"$%&'()*+'&"),,%)+-+)'./#00-'1)1'*12+3+4-+)'5"3$"#12'*+2%$%

    &"+6+'-"5")5%+)/-"5")5%+)'7"#+,+1'#"31-%5'8! !"#$%&'#$(%#')*+(*"$"($"%,*"-').$(/%,*"012)3/%,*"04&')%%$&$4%,*+45$6%%'7'%*8522(%'"'%&*+,$74(

    0$,5$+80$,5$+%#$"%&4.'7$"%#'#$.$,"3$%5+)4+'7"191)'4")%$179! !"#$%&'#$(%#')*+(*"$"($"%&")9%+$%*8522(%'"'%#$.$,%5*"&4(%$)$)4"%:6$+#12)3%$&$4)4"%72;&12)3'.%B,-$'(C%D-$'(C%D.">"6%3'(%;-2'.'1%4$'#%E/'$'#%FGH/6%>"'&%0'0+

    ! H-0-.'&'%-3">"()%3'(%6%/#'()%3'(%3"#-()6'&"%>-.?'$/6%"A'(&'%="#-G="#-#'>"1'(+

    ! K'?0'.%$'?&/#%5'()%#-0"1%?-('."6%3'(%#-0"1%."()6'$%B3-()'(%/6/.'(%="#-%5'()%#-0"16-A"#J+%K'?0'.%$''>%"("%?'$"1%>-.6-$'(%3"0/'>%$-A'.'%>-.0/./G0/./%3'(%$-'3'(5'+,-('?&"#'(%5'()%0'"6%>-(>/(5'%?-("?0/#6'(%6-$'(%5'()%0'"6%&/#'%:J+%

    ! 8'=>'.%"$"%B&."-./$%0-./0'1J

  • ="7+)A'B"7+)A'B3151-'*+)'!"9+3+2'(7+$'C%+7+$'./D00-'?)1

    D4#4."3$%,*,$"0%&*+#*"0$+%(4+$"0%"3$,54"0/%&$)'%'"'%,*,$"0%5$5%)$6*12,52%7)*1'$./%,*,5$6$7%(+'&'(/%)*7$"/%$.$7$"%#$"%,2&'A$7'%7$3$%#$.$,%,*"3474"%54(4'"'9%?$5%'"'%$#$.$6%5$5%)*,54($$"%#$"%5$7$85$7'%3$"0%,*,527$"($"/%($+*"$%'&4%-'($!"#$%&'#$(%&*+&$+'(%,*,5$1$"3$%52.*6%,*.$"-4&($"%(*%5$5%5*+'(4&"3$%E

  • J$($%)$#$%$(6'+"3$%7$3$%)4"%&*+#2+2"0%4"&4(%,*"125$%,*"4.'7%7*54$654(4%3$"0%5'7$%,*"3$'"0'%(4$.'&$7%'7'%54(4854(4%3$"0%$#$%#'%)$7$+$"%#$"%,*"04$((*(4$&$"%5.*"#*+%(*)$#$%(2,4"'&$7%$"',$7'%#'%'"#2"*7'$%$0$+%&'#$(%,*+*,*6($"72;&B$+*872;&B$+*%7*)*+&'%'"'9

    O$.4%,*"0$)$%54(4%'"'%7$3$%*#$+($"%7*1$+$%0+$&'7Q%P*,$"%7$3$%7*"#'+'(*&'($%7$3$%1*+'&$($"%,*"0*"$'%54(4%'"'%$0$(%&*+(*-4&%#$"%,*"0$&$($"%7$3$%52#26,*"0*#$+($"%54(4%'"'%7*1$+$%0+$&'79

    F*-4-4+"3$/%,*,$"0%)$#$%$B$."3$%7$3$%,*,$"0%5*+*"1$"$%4"&4(,*"0'+',%54(4%'"'%(*%)*"*+5'&9%R4(4)%74.'&%#$"%,*"06$5'7($"%5$"3$(%B$(&4%:7$3$%,4.$',*"4.'7%54(4%'"'%)$#$%$(6'+%S2A*,5*+%TUUM

  •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

    !(6'+%($&$/%%6$+$)$"%7$3$%&'#$(%5$"3$(/%7*,20$%*8522(%'"'%5*"$+85*"$+,*,5*+'%,$";$$&%4"&4(%!"#$%)$+$%)*,5$1$9%H*"#$&'%54(4%'"'%7$3$%.*)$7%(*%)45.'(7*1$+$%0+$&'7%"$,4"%-'($%,*"#$)$&%&$"00$)$"%3$"0%5$'(%#$+'%!"#$%7*,4$%7$3$%$($"&*+47%5*+47$6$%,*"3*,)4+"$($""3$9%!"#$%#$)$&%,*"02"&$(%7$3$%,*.$.4'%*8,$'.#+*$,12+*YZ[&*.(2,9"*&9%H2,*"&$+/%(+'&'(/%7$+$"/%(4&4($"/%1$1'$"/%4,)$&$"%,$4)4"-$,)'8-$,)'%E

  • 1.5%@

    +$,-.6,%3,%M$3'$#6,.

    8/("'%'("?'$"%78%3"%I(3

  •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

    ;*'.-G$*'.-%

  • H-0-.'&'%>'1/(%0-#'6'()'(%&-(/#"$%>-#'1%?-(A'."GA'."%'#>-.('>"=%$*'.-5'()%?/.'1%3'(%1'(3'#%$-&-.>"%W"(/\%/(>/6%@&-.'>"()%;5$>-?%3'(%$*'.-G$*'.-5'()%0-.#"$-($"%
  • 1.5%@;Q%

    8$/(H%6,.".%5(H(%,$,P%

    R-.#-0"1%3'1/#/%&-(/#"$%"()"(%?-(-6'(6'(C%?/()6"(%3-()'(%'3'(5'%6.">"6G6.">"6%5'()%0-.6-$'(%>'2'?%&'3'%0'0%&-?0/6'%"("%?-("?0/#6'(%6-$'(%>-.>-(>/%&'3'&-(/#"$+%R"3'6C%&-(/#"$%0/6'(#'1%$-'/%'(>"%]"(3

  • -.#-0"1%3'1/#/%3"$"("+%

    ,-.>'?'G>'?'%&-(/#"$%"()"(%?-(-6'(6'(%0'1*'%0-#'2'.%78%">/%/,3.H%6(2,/+,-(/#"$%>-6'(6'(%6'>'%>"3'6%$/#">%('?/(%0/6'(%0-.'.>"%1'#%>-.$-0/>%0-.'.>"%0-#'2'.%78%">/$-?/3'1%?-?0'#"66'(%>-#'&'6%>'()'(+%

    Q'#%5'()%$'?'%2/)'%3">/2/6'(%0')"%4(3'%5'()%?-.'$'%>"3'6%0"$'?-())'?0'.C%2'()'(#'1%0-.6-A"#%1'>"+%4("?'$"%78%>"3'6%?-(/(>/>%4(3'%?-?"#"6"6-?'?&/'(%?-())'?0'.%$-&-.>"%$-.-6/('(%3'(%6-$'0'.'(+%4("?'$"%78%#-0"1%?-(/(>/>%4(3'%0-.&"6".$-A'.'%#'%?-./2/6%6-&'3'%V%?-?"#"6"%./'()%'>'/%L%?-())-.'66'(-.$-0/>%6-%$'?&"()%6'('(%3'(%6"."%BaJC%'>'$%3'(%0'*'1%BbJC%3'#'?%./'()%78%$-#'"(3'&'>%3")-.'66'(%6-%$'?&"()%6'('(%3'(%6"."%

  • 8"%3'#'?%3/("'%6
  • _*+&*X/%=#0*%#$"%^$1*

    ;-&-.>"%&'3'%3/("'%(5'>'C%>"'&%-.0/'>%3'."%0'1'(%>-.>-(>/%B?->'#C%6'5/C6'"(C%3$0J%3'(%>"'&G>"'&%0'1'(%>-.$-0/>%?-?"#"6"%0-.0')'"%$"='>%>-.$-(3"."%'&'6'1%0-.*'.('?-.'1C%0-.*'.('%1">'?C%0-.>-\>/.%6'$'.%'>'/%1'#/$C%?-()6"#'&%'>'/%>"3'6+%,'3'%$*'.-

    78%/(>/6%?-($"?/#'$"6'(%$"='>%0'1'(%$-0/'1%"%6'>'%>-.$-0/>%5'">/%0'1'(J+

    5*5*+$)$%12"&26%,$&*+'$.%%#$+'%,$&*+'$.%.'5+$+3%MN%F&4#'2%J$X%:N'71+**&'/%)'?0'.

    &'3'%0')"'(%3-&'((5'%&'3'%$*'.-%78%1'#%"("%0"'$'(5'%3"#'6/6'(%3-()'(%/#R/()#%-."+R-\>/.-%?'&%'3'#'1%)'?0'.%B0"'$'(5'%0-.=-'?+%43'%5'()?-('()'("%?-\>/.-%?'&+%,.-\>/.-%?'&%0"'$'

    3"$-0/>%3-()'(%&.%4(3'#"1'>%&'3'%)'?-G)'?-%78+%E"$'#(5'%6'.'6>-.%3'#'?%)'?-%d/'6-C%6/.%%3'(%*'2'13">'?&"#6'(%3-()'(%)'?0'.%P8%5'()%3">-?&-#6'(%&'3'%?/6%'("?'$"C%>-6("6%'("?'$"%&'3'%$*'.-%78%0-.0-3'3-()'(%'("?'$"%>.'3"$"-6("6%?'(/'#+%,'3'%'("?'$"%>.'3"$"/6(5'%0-./0'1%$-3"6">%3-?"%$-3"6">%$-1"())'%2"6'%3"&-.#"1'>6'(%$-A'.'0-.)'(>"'(%3-()'(%A-&'>%3'(%0-././>'(%'6'(%?-?0-."6'(%6-$'(%$-

  • 0-.)-.'6+%O(>/6%$'>/%3->"6%'("?'$"N)-.'6'(%3-()'(%?-())/('6'(%>-6("6%'("?'$">.'3"$"
  • &/>'.%3-()'(%&-.)-#'()'(%>'()'(%4(3'%$-0')'"%$/?0/(5'+%,-.)-#'()'(%>'()'(%4(3'0-.#'6/%$-0')'"%&"L%&'()'(%4(3'+

    H-.0-3'%3-()'(%6-0'(5'6'(%$*'.-%).'="$%P8%B$-&-.>"%E"A.%&'3'%#'5'.%3'&'>%3"6'>'6'(1'(5'%$-0/'1%&.-L"-*%$-3-.1'('%3'(%6/'#">'$(5'%$'()'>%2'/1%$-6'#"%3"0'(3"()6'(%3-()'(1'$"#%'61".(5'+%O(>/6%?-(3'&'>6'(%1'$"#%'61".C%1'./$%3"#'6/6'(%0-.0')'"%&-.1">/()'(

    >-.#-0"1%3'1/#/%

  • 78%1'./$%3"$-$/'"6'(%3-()'(%6-?'?&/'(%&.-.0'>'$%&'3'%?'$%&/#'+%

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

    ,.%0/6'(#'1%6-$-#/./1'(%&./6%0-.0')'"%"(3/$>."C%('?/(%$-0')"'(0-$'.%&-())/(''((5'%?-?'()%3"3

  • O(>/6%#-0"1%?-()-('#%A'.'GA'.'%&-?0/'>'(%="#?%'3'%0'"6(5'%2"6'%4(3'?-()'?'>"%V0-1"(3%>1-%$A-(-$X%/(>/6%>"'&G>"'&%="#?%5'()%4(3'%)-?'."%0'"6%">/%="#?'("?'$"%?'/&/(%="#?%#"L-%'A>"#'1G"$>"#'1%3'(%1'#G1'#%5'()%>-#'1%6">'%0'1'$%&'3'%0'0%"("%'3'#'11'#G1'#%5'()%&'#"()%3'$'.%3'(%$'()'>%&-(>"()%4(3'%6->'1/"%$-0-#/?%4(3'%?'$/6%6-3'#'?%3/("'%78+%

    ;-0')'"%&-(/>/&%$/0G0'0%"("%&-(/#"$%"()"(%?-()/A'&6'(%:%T#2*'-#%/'

    -.O,*.2%U')23%'F%QE%-VW%0D

    '%>"3'6%'6'(%?-?0'1'$%A'.'GA'.'%?-?0/'>%2/$%3"$"("%:J+%H#-(3-.%5'()%3"?'6$/3%3"$"("'3'#'1%$-0/'1%$*'.-%'("?'$"%78%%$-1"())'%?-(2'3"%&-./$'1''(%'("?'$"%>-.0-$'.%3"%H-#'(3'%3'($'#'1%$'>/%&-./$'1''(%'("?'$"%>-.3-&'(%3"%F.%3".-A>-.('#+%

    ,'3'%>'1/(%`eeg%?/(A/##'1%$-0/'1%$*'.-%5'()%&'3'%'61".(5'%3"('?'6'(H#-(3-.+%;->-#'1%3"'?'>"%>-.(5'>'%H#-(3-.%?-?"#"6"%&-($"%/(>/6%3")/('6'(%"$%3"#/'.%T-'%T'T%'3'#'1%/(>/6%?-(A"&>'6'(%$-0/'1%$*'.-%'("?'$"%78%5'()%&'3'>C%A.%3")/('6'(%%6

  • D'.-('%>"3'6%"()"(%H#-(3-.%1"#'()%3">-#'(%*'6>/%0-)">/%$'2'C%R
  • ?-(A"&>'6'(%$-0/'1%="#?%'("?'$"%$-A'.'%/>/1+%;*'.-G$*'.-%>-.$-0/>%>"3'6%'6'(3"0'1'$%A'.'%&-())/(''((5'%3"$"("C%>->'&"%&-(/#"$%1'(5'%?-(/(2/66'(%$*'.-%'&'%5'()0"$'%4(3'%)/('6'(%/(>/6%&.-.>-(>/%3'(%3"?'('%4(3'%0"$'%?-(3'&'>6'((5'+,-?0'1'$'(%&-())/(''(%$*'.-%>-.$-0/>%$-A'.'%?-(3->'"#%?/()6"(%'6'(%3"#'6/6'('(+

    %4(3'%&-.%?-?0-."6'(%6-?/3'1'(%3"0'(3"()6'(%3-()'(L-.$"%P+Pg+

    Q'(5'%$'2'%&'3'%L-.$"GL-.$"%3"%'>'$%P+Pg%)'?-%-()"(-%>"3'6%3"$-.>'6'(C3"6'>'6'(%&'3'%$">/$(5'%0'1*'%?-.-6'%?-()'#'?"%?'$'#'1%&'3'%#"$-($"%)'?-%-()"(->-.$-0/>%('?/(%?-.-6'%0-.2'(2"%/(>/6%?-(5-#-$'"6'(%?'$'#'1%"("%$-A-&'>(5'+%Y"6'%4(3'"()"(%?-())/('6'(%)'?-%-()"(-%>-.$-0/>%?'6'%4(3'%1'./$%?-())/('6'(%L-.$"%P+Pg+E'6'%3'."%">/%H#-(3-.%5'()%3"0'1'$%&'3'%0/6/%"("%'3'#'1%H#-(3-.%L-.$"%P+Pg%B&/0#"$1-.J6'.-('%0/6/%"("%2/)'%?-(A'6/&%&-())/(''(%)'?-%-()"(-%&'3'%H#-(3-.+

    ;->-#'1%4(3'%?-()/'$'"%H#-(3-.%3'(%4(3'%?-?/>/$6'(%"()"(?-())/('6'(%H#-(3-.%/(>/6%?-(A"&>'6'(%A#"&GA#"&%'("?'$"%?"=C%?'6'4(3'%#-0"1%3"$'.'(6'(%/(>/6%?-())/('6'(%H#-(3-.%L-.$"%>-.0'./+

    ,'3'%P%@;%5'()%&'#"()%&"3'6#'1%$/#">+%O(>/6%]"(3'#'$"%$-&-.>"%'(3'%?-(2'#'(6'(%&.'/%2'#'(6'(%?-#'#/"$>'.>%?-(/+

    -*"#*.$%'"7&$.$7'%?.*"#*+%)$#$%V'"#2B7

  • O(>/6%@;%W"(/\%>-.$-3"'%P%'#>-.('>"=C%4(3'%3'&'>%?-())/('6'(%L-.$"%$>'>"A'>'/%L-.$"%$-.0"'$'%?-())/('6'(%W"(/\%4(3'%3'&'>?-())/('6'(%L-.$"%$
  • 8"'(>'.'%*"(3"=6'(%O).5%O),3%B5'()%0"'$'(5'%&'3'$*'.-%$*'.-%#'"((5'%#-0"1%3"6-('#%3-()'(%V$('&XJC%3"?'('%H#-(3-.%'6'(?-#->'66'(%="#-%'/>>"()G$->>"()%>-.$-0/>C%$->-#'1%$-#-$'"

    ?-#'6/6'(%&-./0'1'(%/(>/6%?-(5"?&'(%$->>"()%0'./%>-6'(%A]/)2^8D%&'3'%6-50%0'1*'%&-(5"?&'('(%$->>"()%>-.$-0/>%'6'(%?-("?&'%$->>"()%3-='/#>%H#-(3-.+O(>/6%?-?0'#"6%6-$-#/./1'(%$->>"()%6-%3-='/#>%1'&/$%="#-%+0+0#-(3%5'()%>-.3'&'>%&'3'

    =-.$-0/>%3'&'>%4(3'%>-?/6'(%3"%=

  • //,$O6a$.-.`(6#)a+""2,*./,'$%E./.ab'/%.%b(-5#)a12#$3#)+%;-3'()6'(%&'3'%@;

    ]"(3'/%?-(5-?0/(5"6'(%1-'3-.+%R-6'(%AGN1D%&'3'%0%'.-'C%2%'.-'%/(>/6%?-?0')"$-0/'1%*"(3"=%3'(%?-(-?&-#%&'3'%0-.$-0/>C%2-.3'&'>%$-0/'1%"A")'%6-A"#%'>'/%"A'?&"#6'(+%K'?0'.%"A+%^'.'%?-()/0'1%2-("$%$-0/'1%*"(3'?&"#'(%3-='/#>%H#-(3-.%4(3'%3'&'>?-()/0'1G/0'1%>'?&"#'(%$-$/'"%$-#-.'%3'(%6-0/>/1'(%4(3'+%,-.>'?'G>'?'%6#"6%"A'(3'%?"(/$%6-?/3"'(%$"?&'(%$->>"()%3-()'(%A'.'%?-(-6'(

    A]/)2^8D+%

    ;'?'%$-&-.>"%6->"6'%?-(5"?&'(%$->>"()%&'3'%"(=%H#-(3-.+%O(>/6%?-?0'#"6%$->>"()%L"-*%6-3-='/#>%1'&/$%="#-%+H+0#-(3+%;-0-#/?%?-./0'1G./0'1%>'?&"#'(%H#-(3-.%&-.#/%3"&-.1'>"6'(0'1*'%#'>"1'(G#'>"1'(%&'3'%0/6/%"("%?-())/('6'(%>'?&"#'(%3-='/#>%H#-(3-.%B$A.--(+99`J+

  • P$,)'.$"%?.*"#*+%3$"0%&*.$6%#',2#';'($7'

    ;-0-#/?(5'%3"$-0/>%?-()-('"%IA'/%?'>-."'#%3-()'(%>-\>/.-J%3'(%$->-./$(5'+%8-()'(%"A-.$-0/>%4(3'3'&'>%?-('?0'16'(%'>'/%?-?"#"1%0#/6%?-?&-.$"()6'>%&-(/#"$'(C%3"%3'#'?0/6/%"("%6">'%$-0/>%"A-."'#%3"%*"(3>/6%?-('?0'1%%?'>-."'#%0'./%3'(%?-?"#"1%$-0/'1%?'>-."'#%3'."%3'=>'.%?'>-."'#G?'>-."'#%5'()%'3'+%O(>/6%?-()1'&/$%#"(6%6-%0#

  • F16*,$&'1%B'"#2B

    8-()'(%&*7#-./,*%U,$3'U%4(3'%3'&'>%?-#"1'>%1/0/()'(%'(>'.'%$-0/'1-."'#C%'3")'?0'.6'(%3-()'(%$-0/'1%6'6%3-()'(%$"?0%>-.)'(>/()%3'."%2-("$%'(+Q/0/()'(%$'>/%/6%?-?0-."6'(%)'?0'.'(%1/0/()'(%>"'&%'$"6'(%>"'&%->'&"%1'#%">/>"3'6%'6'(%0-.&-()'./1%&'3'%$A-(-%5'()%4(3'%0/'>+%

    8"%3'#'?%H#-(3-.%'3'%0'(5'6%$-6'#"%>"&-%*"(3%-?&'>%6">'%?-#'6/6'($-0')"'(%0-$'.%&-6-.2''(%>-./>'?'%?/1'(+

    MN%V'"#2B

  • O(>/6%?-())-$-.%'>'/%?-?GV&'(X%L"-*C%>'1'(%A&7,F/^NN1D%#'#/%)-.'66'(?
  • ]".-%3'(%$1'3-3

    /6%0-.&"(3'1G&"(3'1%3'."%@02-A>E%?-#'6/6'(

    .'>-C%$A'#-%3'(%?

  • 4(3'%2/)'%3'&'>%?-?"(3'16'(%&"L%&E&'3'%H#-(3-.%'3'#'1%$-0/'1%>">"6%0%$-#/./1%L-.>-\%&'3'%$-0/'1%->'&3"#'6/6'(%0-.3'$'.6'(%>">"6%>-()'1%3'."%$/0%G$/0%%5'()%4(3'%&"#"1+%O(>/6?-#'6/6'(%.'$"%3'(%$A'#-%0-.3'$'.6'(%&"L%&%'()6'C%0"'$'(5'%H#-(3-.?-(5
  •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

  • ?->'0'##C%$-&-.>"%&'3'%$*'.-%c0./$1%'>'/%/)"(%E'\%5'()%0-.('?'%E->'!-5-$+R-6("6%?"6'%4(3'%0-.?'"(%3-()'(%>'('1%#"'>'>'/%#"#"(%?'"('(+%E->'0'##%'3'#'1%$-0/'1%/6%0'('1%#"'>%BA#'5J+%O(>/6%?-?0/'>%0')"'(%5'()%3"&-.#/6'(C%4(3'%A/6/&?-('?0'16'(%$-0/'1%?->'0'##%3'(%?-(5'>/6'((5'%3-()'(%?->'0'##%#'"((5'+%

    43'%P%2-("$%?->'0'##%5'()%/>'?'C%5'">/%&"=+%E->'0'##%&"=%#'"((5'+%;-3'()6'(?->'0'##%(-)'>"=%0"#'%3"3-6'>6'(%'6'(%?-()/.'()"%0')"'(%&'3'%?->'0'##%&/6&-.&'0'##%>-.$-0/>+%

    ;-#'"(%?->'0'##%0-.0-(>/6%0%?-())/('6'(%?->'0'##0-.0-(>/6%6'&$/#+%^'.'%?-()/0'1%2-("$%3'(%0-(>/6%$-0/'1%?->'0'##%&"#"1%?->'0'##%5'()

    "()"(%4(3'%./0'1%6-%F3">E%?-#"1'>%>

  • J*&$5$..%)$#$%?.*"#*+

    /6%A/.L-C%TO!H;%BT-.0"#'()%/?/?%3")/('6'(%&'3'%$*'.-G$*'.-%#'"((5'+,-())/(''(%A/.L-%3'(%$/.='A-%&'3'%H#-(3-.%>"3'6%2'/1%0-.0-3'%3-()'(%6-0'(5'6'($*'.-%'("?'$"%#'"((5'C%?'6'%3'."%">/%0')"%4(3'%5'()%>-.0"'$'%?-#'6/6'(%?%3"0'(3"()6'(%3-()'(%?-$1%?'&"%">/%>-.)'(>/()%&'3'%&-())/('(5'C%>-6("6%?'('%5'()%#-0"1%3"6/'$'"%3'(3"$/6'"+

    Q'(5'%$'2'%6-6/.'()'(%5'()%$'()'>%2-#'$%3'."%A/.L-%?%?-('?0'16'(%3->'"#%5'()%6

  • 1.5%Q

    N.$,"(2.6,%!5I#H%E#$O.$%12#$3#)

    ,'3'%0'0%"("%6">'%'6'(%?-?&-#'2'."%A'.'%?-#'6/6'(%?'("&/#'$"%

  • O(>/6%?-#'6/6'(%.'$"%&'3'%
  • =X&+4#*

    F3)-%5'()%3"-6$>./3-%'6'(%?-?0-(>/6%$-0/'1%='A-+%O(>/6%?-()-6$>./3-

    -3)-%&"#"1%P%L-.>-\%5'()%?-()'&">%-3)-%5'()%"()"(%4(3'%-\>./3-%6-?/3"'(%>-6'(%A[D+,"(3'16'(%1'$"#%-6$>./3-%6-%>-?&'>%5'()%4(3'%"()"(6'(%#'#/%6#"6%6"."%/(>/6%?-#-&'$(5'+%

    a$7'.%*X&+4#*%)$#$%*#0*%7*54$6%25-*(

    M'A-%5'()%3"-6$>./3-%'6'(%?-?0-(>/6%$-0/'1%

  • J*,5*+'%"$,$%7*54$6%25-*(

    H#-(3-.%?-?"#"6"%='$"#">'$%/(>/6%-.?'$/6$'#'1%$'>/%>-.3'&'>%0')"'(%5'()%0-.&-6'(%ATD+%@&-.'$"G-.$-A>%?-()'?0"#%0')"'(%5'()%>-.3'&'>%&'3'%&-.&C%O("%?-('?'"%>"'&G>"'&%#'5-.C%('?/(%>"'&%#'5-.%3""3-(>"="6'$"6'(%3-()'(%'()6'%5'()0-././>'(+%M'$"#">'$%#'5-.%?-?"#"6"%0'(5'6%6-)/(''(C%3"'(>'.'(5'%'3'#'1%?-."()'(6'(0-0'(%&.-.>-(>/%$'2'%$''>%4(3'%?-#'6/6'(%-3">"()+%;-#'"(%">/%3-()'(%#'5-.&'3'%H#-(3-.%4(3'%3'&'>%?-?"#"1%%?-#'6/6'(%.-(3-."()+%D->"6'%4(3'%?-('?0'16'(%$-0/'1%

  • O(>/6%?-?"(3'16'(%$-0/'1%-6'(%AND%6-?/3"'(%&"#"1%#'5-.%5'()%3">/2/%#'#/%6#"6%0/>>/6%?-('?&"#6'(%#'5-.%>-.>-(>/%A/6/&%'6>"=6'(%0/>>/6%?-('?&"#6'(%0-0-.'&'%#'5-.%$-6'#")/$%>-6'(%>
  • P+ K'(>"%L"-*%6-%$'?&"()%
  • g+ D-?/3"'(%$''>%L-.>-\GL-.>-\%5'()%0-.'3'%&'3'%3'$'.%)-#'$%?'$"1%>-.&"#"1C%#'6/6'($A'#-%$-1"())'%L-.>-\GL-.>-\%>-.$-0/>%$'#"()%?-(-?&-#%#'#/%'6>"=6'(%F3">H/>>>
  • `+ ,-.>'?'G>'?'%?'$/6#'1%6-%-3">"()%?"6'(%L"-*%0-.'3'%&'3'%>%0-0-.'&'%L-.>-\%3'(%$/$/(%$-1"())'%0-.0-(>/6

    6/.%3'."%$-&'./1%)-#'$+%D-?/3"'(%)'(>"%L"-*%?-(2'3"%=.%L"-*%Ab(-".3%%@DC&"#"1%$-?/'%L-.>-\+

    P+ ,'$>"6'(%&"L%&-#'1%4(3'

    0/'>+%Y"6'%0-#/?C%&"#"1%$-#/./1%L-.>-\%A+D%#'#/%).'0%A\D%3'(%&"(3'16'(%$-1"())'%&"L&H/>>%8-).--%AE#O)D%6-%7i9%3'(%$>-&$%6-%`9+%,"#"1$-#/./1%L-.>-\%6-?/3"'(%6#"6%>

  • g+ 4)'.%0')"'(%>-()'1%)-#'$%>"3'6%0-.#/0'()C%?'$"1%&'3'%=.%L"-*C%&"#"1%L-.>-\GL-.>-\0')"'(%>-()'1C%6-?/3"'(%0/'()%&"#"1'(%L-.>-\GL-.>-\%3"%0')"'(%>-()'1%6'6"%)-#'$%#'#/

    #'6/6'(%$A'#-%A&D%$-1"())'%$-#/./1%L-.>-\%5'()%>-.&"#"1%>-.$-0/>%$'#"()%?-(-?&-#+

    D-?/3"'(%6#"6%.-?

  • g+ K/('6'(%A".A#-%$-#-A>"'$C-\>./3-%3'(%)-$-.%6-%$'?&"()%'>'$%$-0'(5'6%7%6'#"+%W'6/6'(%2/)'%/(>/6%>"'&G>"'&%hL-.>-\%3"$'?&"()(5'+

    i+ W'#/%&"#"1%i%L-.>-\%5'()%0-.'3'%&'3'%0')"'(%6'('(%0'*'1C%-\>./3-%A[D%3'(%)-$-.%6-$'?&"()%$-6'#"+%D-?/3"'(%&"#"1%h%L-.>-\%3"'>'$%0')"'(%5'()%0'./%>-.0-(>/6C%-\>./3-3'(%)-$-.%6-%'>'$%P%6'#"+%

  • j+ W-&'$6'(%&"#"1'(%L-.>-\%A+D+%46>"=6'(%[3,/%1(//'$6%AZBD C%'6>"=6'(%0/>>%$/03"L"$"%$/3'1%0-.0-(>/6%$-&-.>"%>'()'(+%

    R'&"%6'()'(%.-\C%$A'#-%'>'/&/(%.'>-$-$/6'%4(3'%$-1"())'%4(3'%&/'$%3-()'(%1'$"#%'61".(5'+

  • J2#*.%%&$"0$"%3$"0%#'54$&%#*"0$"%&*("'(%3$"0%7$,$9%N'+*"#*+%#*"0$"%GI_`$3%M9W

    Q;'()6'"%0/()'C%0/6'(%0/()'?'>'1'."C%?'*'.%'>'/&/(%'()).-6C%>->'&"%0/()'%)-(-."6%"$>"#'1(5'%:J+%8'#'?%?-?0/'>'%'6'(%0-#'2'.%?-#'6/6'(%3/"6'$"%/$G&/>/$%0-.0-(>/6%#"()6'.'(%3"%$-6">'.%

  • P+ ,"#"1%h%L-.>-\%5'()%0-.'3'%&'3'%$/3/>G$/3/>%0"3'()C%6-?/3"'(%)/('6'(%;A'#-%A&D1"())'%6-$-#/./1'(%/6%')'6%0/#'>%#-\%5'()%0-.'3'%3"%>-()'1+D-A"#6'(%$-1"())'%0-(>/6(5'%?-(2'3"%?-(5-./&'"%$-0/'1%>-#/.+

  • h+ ,"(3'16'(%L"-*%6-%$'?&"()%Ab(-".3%QD%'6>"=6'(%$?-\%5'()0-.'3'%3"%>-()'1C%&-.0-$'.%'.-'%='##-\GL-.>-\%3"%$'?&"()L-.>-\%5'()%>-.&"#"1%6-?/3"'(%)-$-.%6-%'>'$%$-3"6">+

    g+ E'>"6'(%='##-\%A+D

    3'(%$A'#-%A&D%&'3'%'\"$%b%$-1"())'%0-.0-(>/6%#"6'(%&"L%&%5'()%3"?'6$/3+%Y"6'&-.#/%'6>"=6'(%).'0%)."3%>-.#-0"1%3'1/#/%$-0-#/?%?-?"(3'16'(%6-#'%'6'(%?-?0'1'$%P%A'.'%/(>/6%?-(3/"6'$"%6-#E-#'1%&"L%&

  • ].).%"=6'(%>
  • ``+,"(3'1%L"-*%6-%$'?&"()%Ab(-".3%QDC%?'$/6%6-%F3">E/0-+%;A'#-%A&D%3'(%)-.'66'(%3-()'(%).'0

    A\D%6-%0'*'1%$-1"())'%2"6'%3"#"1'>%3'."%$'?&"()%0-.0-(>/6%$-&-.>"%>.'&-$"/?+K-.'66'(%L-.>-\GL-.>-\%5'()%3"0'*'1%$-1"())'%?-(2'3"%&"&"1+

    `P+,"#"1%$-#/./1%L-.>-\%&'3'%0')"'(%0'*'1%>/0-C%-\>./3-%A[D%3'(%)-$-.%6-0'*'1C%#'#/$A'#-%$-1"())'%0-$'.(5'%?-(3-6'>"%0')"'(%'>'$%&/>"6+

    `7+;''>%L-.>-\GL-.>-\%&'3'%0')"'(%0'*'1%?'$"1%>-.&"#"1C%F\>./3-%A[DC%)-$-.%6-%0'*'1%3'(

    ;A'#-%A&D%0-0-.'&'%6'#"%$-1"())'%0')"'(%0'./%5'()%>-.0-(>/6%?-(5-./&'"%0-.0'#"6+%W'6/6'(%F\>./3-%A[D%0-0-.'&'%6'#"%#')"%$-1"())'%?-?0-(>/6%0'>'()%0/()'+E'6'%2'3"#'1%$-0/'1%0/()'+

    `h+O(>/6%?-?&-."(3'1(5'%4(3'%3'&'>%?-('?0'16'(%3'/(%&'3'%0'>'()(5'%'>'/?-?&-.0'(5'6%6-#/(5'%$->-#'1%#'>"1'(G#'>"1'(%5'()%>-#'1%6">'%#'6/6'(%4(3'%0"$'%?-#'6/6'((5'%$-(3"."%6'#"%"("%0/6'(U%H"$'#'1%:J+

    Q;%>'()'(C%6"("%6">'%A%?"3'6%'6'(%?-?0/'>(5'%$-A'.'3->'"#C%>->'&"%>->'&%?-?&-.>'1'(6'((5'%&'3'%2/?#'1%='A-$%5'()%.-(3'1%'>'/%#-0"1%$-."()3"$-0/>%3-()'(%W/()%3'."%6.-'$"%3'(%6-$'0'.'(%4(3'3'#'?%?-#'6/6'((5'+%8'#'?%?-?0'()/(%?-.#-0"1%#')"%2"6'%4(3'?-?-(>"()6'(%3->'"#%3"0/>/16'(%&-()'?'>'(+%

    R"3'6%'3'%&'>"%5'()%3'&'>%?-(3-="("$"6'(%6'>'%Z&.

  •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

    ;'>/%1'#%5'()%&'$>"%?-()-('"%>/0/1%?'(/$"'C%$-A'.'%)'."$%0-$'.%/?/?(5'>/0/1%?'(/$"'%5'()%(%$"?->."$+%E'6'%3'."%">/%6'#"%"("%6">'%'6'(%?-?&-#'2'."

    &-())/(''(%>'%6'#"%"("%2/)'%'6'(%>

  • i+ ,"(3'1%L"-*%6-%$'?&"()%Ab(-".3%QD%#'#/%)/('6'(%0"/6%?-?"#"1$-?/'%L-.>-\%5'()%0-.'3'%3"%'>'$+%F\>./3-%3'(%)-$-.%6-%'>'$%$-6'#"+%K/('6'(%0"-\%5'()%0-.'3'%&'3'

    &./3-%A[D%3'(%)-$-.%6-%'>'$%h%6'#"+

    f+ ,"(3'16'(%L"-*%6-%$'?&"()%Ab(-".3%QDC%)/('6'(%A".A#-%$-#-A>"

  • ?-?"#"1%6-%i%L-.>-\%5'()%0-.'3'%&'3'%&./3-%3'(%)-$-.%6-%'>'$$-6'#"+%H')"'(%"("%('(>"(5'%'6'(%?-(2'3"%6-&'#'+%W'6/6'(%>*-'6"()%$-1"())'%0')"'(5'()%0'./%>-.0-(>/6%?-?0-(>/6%$-&-.>"%6-&'#'%"%#"()6'.'(%>'()'(%/?/?(5'

    `9+F\>./3-%A[DC%)-$-.%L-.>-\GL-.>-\%>-.$-0/>%6-%$'?&"()%$-0'(5'6%f%6'#"+%;'?0"#

    ?-#'6/6'((5'%)/('6'(%$A'#-%A&D%/(>/6%>"'&G>"'&%$-)?-(>%5'()%3"1'$"#6'(%')'.%>-.#"1'>

    $-&-.>"%>'()'(+%P%0')"'(%>-.'61".%5'()%>-#'1%6">'%F\>./3-%A[D%?-(2'3"%0')"'(%>-#'&'6>'()'(+

    ``+,"(3'16'(%L"-*%6-%=.%Ab(-".3%@D%#'#/%&"#"1%6--?&'>%L-.>-\%5'()%0-.'3'%3"$'?&"()%&-.)-#'()'(%>'()'(+%F\>./3-%3'(%)-$-.%6-%'>'$%P%6'#"+%H')"'(%5'()%0'./%6">'0/'>%"("%?-(2'3"%2-?&'()'(+

  • `P+D-?0'#"6'(%L"-*%6-%>/6(5'%?-(2'3"%>-.#"1'>%2-#'$%/(>/6%0')"'(%&'1'C%#/>/>C0->"$%3'(%&-.)-#'()'(%6'6"+%

    `7+,"(3'16'(%L"-*%6-%$'?&"()%Ab(-".3%QD%#'#/%&"#"1%6--('?%L-.>-\%5'()%0-.'3'%&'3'

    &./3-%A[D%P%6'#"+%;'?0"#%?-#'6/6'((5'%$A'#-%>"'&%$-)?-(%')'.0-(>/6(5'%?-(2'3"%$-&-.>"%>-#'&'6%6'6"+

  • `h+;'?&'"%&'3'%>'1'&%"("%4(3'%>-#'1%?-?0/'>%$-&'./1%>/0/1%?'(/$"'%$-3-.1'('+;-0-#/?%?-#'(2/>6'(%6-%#'()6'1%0-."6/>(5'C%4(3'%3'&'>%?-#'6/6'(%>*-'6"()%#-0"1#'(2/>%&'3'%?-

    L"-*%ANN1D%1"())'%0'."$'(%L-.>-\GL-.>-\%&'3'%0')"'(%>-()'1%3'#'?%>-.#"1'>+%,"#"1

    L-.>-\GL-.>-\%>-.$-0/>%6-?/3"'(%1'&/$%AE#2D%3'(%&"#"1%9#)/,*#6+

    `i+,"(3'1%L"-*%6-%>'%0/'>+%K/('6'(%$A'#-%A&D%&'3'%'\"$%a1"())'%L-.>-\GL-.>-\%>-.$-0/>%2"6'%3"#"1'>%&'3'%L"-*%"("%?-?0-(>/6%$-0/'1%)'."$%#/./$+

    `j+,"#"1%$-#/./1%L-.>-\%A+D%6-?/3"'(%3/"6'$"6'(%A&7,F/^ED%#'#/%?"../0/1%>-.$-0/>%?-(-?&-#+

  • `f+K/('6'(%0"/6%?-?"#"1%$-#/./1%L-.>-\%5'()%0-.'3'%3"%>-()'1%#'#/

    )/('6'(%$A'#-%A&D%&'3'%'\"$%a%1"())'%$-#/./1%L-.>-\%5'()%0-.'3'%3"%>-()'1%?-(-?&-#+

    D#"6%>

  • >$+'7%5*7$+%7&+4(&4+%,*76%3$"0%5$'(%4"&4(%,2#*.%B$-$6%,$"47'$

    D'.-('%">/%/(>/6%&-?0/'>'(%'("?'$"%*'2'1%3"0/'>%0'(5'6%?%?-?0'(>/+%8-()'(?-?0/'>%?/6+

    12"&26%B'+*;+$,*%,2#*.%B$-$6%3$"0%,*"0'(4&'%(2"&4+%2&2&%B$-$6%7*5*"$+"3$

    ;'?'%$-&-.>"%6-$-#/./1'(%>/0/1%?'(/$"'C%*'2'1%?'(/$"'%(-.#"1'>%$"?->."$+%E'6'%3'."%">/%$'?'%$-&-.>"%6->"6'%6">'%?-?0/'>%?/0/1%?'(/$"'C0/'>#'1%?-#'1%$-#-$'"%4(3'%3'&'>%?-()A-.$-0/>+

  • O(>/6%?-()'*'#"(5'C%')'.%#-0"1%?/3'1%$-0'"6(5'%4(3'%?-?0/'>%$6->A13'."%*'2'1%5'()%"()"(%4(3'%0/'>+%H/'>%$6->$'%*'2'1%>-.$-0/>%>'?&'6%3'."%$'?&"()%3'(3-&'(%3-()'(%$*'.-P%).'="$%P8%'>'/%3-()'(%A'.'%?'(/'#%3"%6-.>'$%#'#/%3"$A'(+%

    4(3'%3'&'>%?-('?&"#6'(%)'?0'.%$6->$'%>-.$-0/>%3-()'(%A'.'%?-()'6>"=6'(

    78%*"(3"=6'(%>

  • >-.=%4(3'%)/('6'(%/(>/6%?-?0'()/(%?/%`99n%>-.)'(>/()%&'3'%6.-'$"%3'(%"?'2"('$"4(3'+

    Q;(5'+

    ;*'.-%?

  • ]"()$78+

    ;-0-.'&'%."()6'$%&-())/(''(%]"()$78U%^/6/&%3-()'(%?-()G6#"6%6'('(?"()%?/(A/#%&'3'%#'5'.+%O(>/6%3'&'>%0-.&"(3'1G&"(3'1%-3">"()%3'."%$'>/%#-L-#%6-%#-L-#%#'"((5'%A/6/&%?-()6#"6%"A'$%L"-*&+%R"3'6%0'(5'6%"A-.='A-%]"()$78+

    E'("&/#'$"%L"-*%?-./&'6'(%$'#'1%$'>/%>(5'%?-?0"'$'6'(%3"."%3-()'(%]"()$786'.-(']"()$78%?-(5-3"'6'(%0-0-.'&'%$->>"()%?'("&/#'$"%L"-*%5'()%V?-?"(2'?X

    $*'.-G$*'.-%0-$'.%$-&-.>"%N,).,C%QE%&/(3,'%N.R%3'(%2/)'%12#$3#)+

    ]"()$78%2/)'%?-(5-3"'6'(%>'(%'("?'$"+%8">'?0'1%#')"%='$"#">'$%.-(3-."()%5'()%3"?"#"6"%]"()$78%6/.'()0'"6C%*'#'/&/(%"'%?-(3/6/()%&-())/(''(%/)"(+

    O(>/6%3'&'>%?-())/('6'(%?'$

    '"#$%&'3'%?-(/%="#-%#'#/%&"#"1%="#-%5'()%4(3'%-6$&%3'."%]"()$78%>-.$-0/>%3'(%6#"6

    0/>>"6'(%0'1*'%0')'"?'('&/(%2/)'%?-()"?&%="#-%3'."%$*'.-%-6$>-.('#$-."()6'#"%>"3'6%?-?0-."6'(%1'$"#%$-&-.>"%5'()%4(3'%1'.'&6'(+%E/()6"(%?-.$-0/>?-(2'3"%./$'6C%0-0-.'&'%0')"'(%?-(2'3"%1"#'()%6->"6'%3""?&%'>'/%0'16'(%#-0"1%&'.'13'."%">/%$-1"())'%4(3'%1'./$%0-6-.2'%P%6'#"%/(>/6%?-?&-.0'"6"%0')"'(G0')"'(%5'()./$'6+%]'#'/%$-2'/1%"("%&-(/#"$%$-&-.>"(5'%>"3'6%?-(-?/"%?'$'#'1%?-()"?&%?-./$%0-.#'>"1%?'6%6-$'#'1'(%4(3'%$-1"())'4(3'%?-(-?/"%6-$/#">'(%>-.$-0/>+

    1.5%C

    N./#),.2%3.$%K#R/()#

    C;@N./#),.2%&/.$3.)3%12#$3#)

    E'>-."'#%'3'#'1%$'#'1%$'>/%-#-?-(%&-(>"()%3'#'?%'("?'$"%78+%8-()'(?'>-."'#%4(3'%3'&'>%?-(A"&>'6'(%6-$'(%=/>/."$>"6C%>/'%'>'/%5'()%#'"((5'%&'3'%-."'#%2/)'%>-.6'3'()%?-?0/>/16'(%)'?0'.%&-#-()6'&%'>'/%>-\>/.-%?'&/(>/6%?-?0'(>/%?-(A"&>'6'(%6-$'(%5'()%3""()"(6'(+

    O(>/6%?-('?0'16'(%?'>-."'#%&'3'%$-0/'1%-."'#%>-.$-0/>+%,"#"1

    +33%b[T%&'3'%IA-."'#%$-1"())'%4(3'

  • ?-(3'&'>6'(%1'$"#%5'()%4(3'%"()"(6'(+

    ,'3'%'.-'%E'>-."'#%H/>>/.%0-.0')'"%$->>"()%$-&-.>"*'.('C%>"()6'>%>.'($&'.'($"C%>"()6'>%&'(>/#'(%A'1'5'%3'(%$-0')'"(5'+%O(>/6%?-()/0'1

    *'.('%&'3'%?'>-."'#%A/6/&%)-$-.%>"'&%$#"3-.%Gc%\c%1%'>'/%j(#c%&./()./,'$%3'(%?.2(#

    2"6'%4(3'%?-()'6>"=6'(%0/>>%?-()'>/.%$"='>%>"()G$->>"()

    &'3'%0/>>"1'(%/(>/6?'>-."'#C%A>"()G$->>"()%?'>-."'#%$-1"())'%0/'1%'&-#5'()%4(3'%0/'>%>-.#"1'>%$-)'.%3'(%?-())"/.6'(+%Y'3"%#'&-.%("1+++%:J

    O(>/6%?-('?0'16'(%>-\>/.-%?'&%&'3'%?'>-."'#%'6>"=6'(%R-\>/.-%H/>>?'&%'>'/%?-())/('6'(%&.-#'13"$-3"'6'(%H#-(3-.+%,.-\>/.-%?'&%5'()%>"3'6%0-.0-(>/6%)'?0'.0">?'&C%('?/(%?-./&'6'(%1'$"#%3'."%&-.1">/()'(%>-.>-(>/%$-1"())'%?-()1'$"#6'(%&-\>/.-%>"3'6%3'&'>%3">'?&"#6'(%&'3'%)'?--()"(-%H#-(3-.+

    D->"6'%4(3'%?-?0/'>%$-0/'1%0#-\>/.-%0'./C%>-\>/.-%>-.$-0/>%$-A'.'

  • ?4&&2"854&&2"%b_%J$))'"0

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

  • 3'#'?%&'6->%6-0'(5'6'(%3"$>.%3'(%E'(3.'6-C%6'.-('%">/0')"%4(3'%5'()%>-.0"'$'%?-())/('6'(%W"(/\%>-(>/(5'%>"3'6%'$"()%#')"%3-()'(%$*'.-&-()',)%)$#$%V'"#2B7

    H')'"?'('%3-()'(%&-())/('%]"(3'6/>C%R1-%KIE,%2/)'>-.$-3"'%/(>/6%]"(3'#'$"(5'%>"3'6%$/#">C%$-&-.>"%6->"6'%4(3'%?-()"($>'##6-0'(5'6'(%$*'.-%]"(3'$%>"())"%3'(%0>"()%*'.('^bED%5'()%0'(5'6%3")/('6'(%&'3'%&-.A->'6'(C%>->'&"%/(>/6%&-()-.2''(%'("?'$"%78%1'#>-.$-0/>%>"3'6%0'(5'6%0-.&-()'./1%6'.-('%4(3'%?-())/('6'(%='(%>-\>/.-%?'&+

    ;-#'"(%">/%R1-%KIE,%2/)'%3'&'>%3"&-.)/('6'(%/(>/6%?-()-3">%="#-G="#-%="#?C*'#'/&/(%&-())/(''((5'%>"3'6%$-#/'$%3-()'(%&-())/(''(%$*'.-%61/$/$%/(>/6%L"3-%3"#'6/6'(%$-A'.'%=.'?-%&-.%=.'?-+%M%?&-)+

    ,-(/#"$%$-(3"."%A/6/&%6-$/#">'(%$-*'6>/%&-.>'?'%6'#"%?-(A'(%="#?%0"'$'(5'%3"0/>/16'(%A-.">'C%'6>"()(5'%3-()'(%-#-?-(G-#-?-(%#'"((5'+%R'(&'%6'?-.'%0')'"?'('%A'.'(5'

  • ?-()'?0"#%$-0/'1%'3-)'(U%;-3'()6'(%>'(&'%#")1>("()C%'>'/%#")1>("()%5'()%$>'>"$%B>"3'60-./0'1G/0'1%&'3'%>"'&G>"'&%&-()'?0"#'(%)'?0'.J%$/#">%/(>/6%?-(A"&>'6'(%$/'$'('>-.>-(>/%&'3'%$-0/'1%'3-)'(+

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

    ;-6-3'.%0-.0')"%&-()'#'?'(C%&'3'%0-0-.'&'%$*'.-%78%$-#'"(%H#-(3-..-(3-."()%3'&'>%#'()$/()%3"#'6/6'(%3'."%L"-*&%>'(&'%?-('?0'16'(%6'?-.'%6-%$A-(-+,'3'%$''>%'*'#G'*'#%?-())/('6'(%78%;>/3"%$-0/'1%%&'(3'()%5'()%>-#'1%$-$/'"%3-()'(%6-"()"('(%#'()$/()1"#'()%3'(%$'()'>%$/#">%?-()-?0'#"6'((5'%6-%>-?&'>%$-?/#'+

    O(>/6%?-('?0'16'(%"%&'(3'()'(%6-%6'?-.'+%H"#'%3'#'?%$-0/'1%$A-(-

    >-.3'&'>%0-0-.'&'%6'?-.'%>-6'(%A]/)2^b(-".3%:D%'>'/%A+2/^b(-".3%:D%/(>/60-.&"(3'1G&"(3'1%3'."%$'>/%6'?-.'%6-%6'?-.'%#'"((5'+%4(3'%1'./$%?'$/6%6-%L"-*%3'."6'?-.'%/(>/6%3'&'>%?-#'6/6'(%.-(3-."()%5'()%0-('.+

    O(>/6%?-./0'1G./0'1%$->>"()%6'?-.'C%'6>"=6'(%6'?-.'%&'3'%78%*"(3"=6'(%[3,/%5(//'$6%AZBD% +%,'3'%'.-'%F3">%'6'(%>-.#"1'>%0-0-.'&'%$->>"()%6'?-.'

  • $-&-.>"%#-($'%AL#$6DC%L"-*%A#"&&"()%A]2,"&/.%3.$%]2,"[$3DC%?-?&-.0-$'.N?-?&-.6-A"#

    >'?&"#'(%"A"=N/.%2'.'6%&-?'?&"#6'(%&'3'%6'?-.'+%@02-6%0-.'3'%3"%#/'.2'()6'/'(%A#"&&"()%>"3'6%3"&-.#"1'>6'(C%3'(%-.&%0-.)/('%6->"6'%4(3'%$/3'1%?-(A"&>'6'(%$-0/'1-(L".%5'()%6

  • $*'.-%78%#-0"1%3"3
  • 8-()'(%.'3"'6'(%)'?0'.%5'()%?-(3-6'>"%3-()'(3/("'%(5'>'%$-A'.'%?/3'1+%R-6("6%.'3"%3'(%-.$-.'&%'?'%3"?'('%&-.#/%3"#'6/6'(%&-.1">/()'(%
  • 4(3'%3'&'>%#'()$/()%?-#"1'>%1'$"#(5'%&'3'%78%*"(3"3'6%1'#/$%3'(%>-.3'&'>%0-.A'6G0-.A'6%1">'?%5'()

    ?-())'())/%B'.>"='A>JC%)/('6'(%0/>>"3'6%0"$'%3"G/(3'$%W'?&%0"'$'+%4(3'%05%?-())/('6'(%"%5'()%>-#'1%3"$-0/>6'(%$-0-#/?(5'C%4(3'%3'&'>%?-#"1'>$-(3"."%0'1*'%*'6>/%5'()%3"&-.#/6'(%/(>/6%&-.1">/()'(%!'3"/6%$A-(-%5'()%$-$-3-.1'('%">/C0')'"?'('%2"6'%4(3'%$/3'1%?-?0/'>%$A-(-%5'()%0-('.G0-('.%&-(/1%3-()'(%.'>/$'(->'&"%"'%?-?-.#/6'(%?-$1%5'()%?-?'(A'.6'(%A'1'5'%?-#'#/"%?'>-."'#(5'+%,'3'$A-(-%5'()%6">'%0/'>%'(-%5'()%6">'%#->'66'(%&'3'%'>'&%?-(2'3"%$/?0-.%A'1'5'(5'+

    Y"6'%4(3'%?'$"1%0-#/?%&/'$%3'(%"()"(%?-()/>'6G'>"6%$->>"()G$->>"().'3">'C%#'#/%#'6/6'(%#'()6'1G#'()6'1%$-0-#/?(5'3'(%'>/.%>"'&G>"'&%("#'"%$->>"()%!'3"./6>/.%='A-%5'()%>-.0')"G0')"%$-$/'"%3-()'(%2/?#'1%&'>A1%5'()%3">-(>/6'(%&'3'%$->>"()!'3"-.$-0/>%6"("%>"3'6%1'(5'%?-?"#"6"%i%='A-C%>->'&"%0-./0'1%?-(2'3"%&/#/1'('>'/%0'16'(%.'>/$'(%='A-$%&'3'%>"'&%$"$"%A/0-%>-.$-0/>+%D-?/3"'(%2"6'%4(3'%?-())/('6'(0-0-.'&'%-.#-0"1%#')"%2"6'%%$'#"()%?-(-?&-#C%%'6'(%3"$'>/6'(%?-(2'3"%$-0/'1%5&'3'%H#-(3-.+

    B_J%;->-#'1%4(3'%?-()6#"6%0/>>5%0-('.G0-('.%?-()/0'1?"3'6%'3'%A'.'%/(>/6%?-()-?0'#"6'((5'+;-3'()6'(%3-()'(%H/>>%$A-(-%#-0"1%#'(2/>4(3'%1'./$%?-?0/'()%&-.1">/()'(%-=-6%.'3"-.$-0/>C%$A-(-%5'()

  • 4(3'%0-."%-=-6%.'3"%3"-3">%#-0"1%#'(2/>%3-()'(%'?'(2"6'%'3'%&-./0'1'(%5'()%&-.#/%3"#'6/6'(%3"%6-?/3"'(%1'."+

    1.5%Y

    +$,-.6,

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

  • ?-?"(3'16'(%&.'($=->'&"%&'3'%6-(5'>''((5'%6-0'(5'6'('$6-5=.'?-%
  • @GI%V'"#2B

    O(>/6%?-('?&"#6'(%0-0-.'&'%&-.)-.'6'(%$-6'#")/$%>-6'(%A&7,F/^LN1D%3'(&"#"1%&-.)-.'6'(G&-.)-.'6'(%5'()%"()"(%4(3'%>'?&"#6'(+%Y"6'%$-0/'1%'(%$-$/'"%3-()'(%*'.('%6/.L'%5'()%0-.'3'%3"#'5'.+%Y"6'%$'>/%2-("$%&-.)-.'6'(%>"3'6%?-?"#"6"%'("?'$"%'>'/%6-5=.'?-C%?'6'%>"3'6%'6'('3'%6/.L'%5'()%>'?&"#%3"%I,@%*"(3-.$-0/>%0-*'.('%&/>"1&'3'%3'=>'.+

    ]'#'/&/(%6/.L'%$/'>/%2-("$%&-.)-.'6'(%('?&'6%3"%#'5'.C%('?/(%2-("$&-.)-.'6'(%>-.$-0/>%0-#/?%0-.'.>"%'6>"=+%O(>/6%?-()'6>"=6'(%2-("$%&-.)-.'6'(%6#"6

    ALN1D%&'3'%6'6%3"$'?&"()%&-.)-.'6'(%5'()%"()"(%4(3'%'6>"=6'(+%D'6%3"$'?&"()2-("$%&-.)-.'6'(%2"6'%>-.#"1'>%?'$/6%6-%3'#'?%0-.'.>"%?-('(3'6'(%0'1*'%2-("$&-.)-.'6'(%>-.$-0/>%'6>"=+%4(3'%3'&'>%?-()'6>"=6'(%0-0-.'&'%&-.)-.'6'(%$-6'#")/$

    3-()'(%A'.'%?-(-6'(%A&7,F/^LN1D%&'3'%6'6G6'6%3"%$'?&"()%2-("$%&-.)-.'6'(%5'()"()"(%4(3'%'6>"=6'(+

    ^'.'%?-#'6/6'(%-3">"()%3'#'?%I,@%*"(3%>">"6G>">"6%6-5=.'?-C%4(3'%1'./$%?'$/6%6-

    F3">E">"6%6-5=.'?-%?-?"#"6"%P%)'."$%B'>'/%0"'$'%3"$-0/>

    3-()'(%7.$32#J%5'()%&'3'%/2/()G/2/()(5'%>-.3'&'>%$-0/'1%>">"6+%Q'(3#-G1'(3#-%0-$-.>'>">"6G>">"6%3"/2/()(5'%0-.=/()$"%/(>/6%?-()1'#/$6'(%'>'/&/(%?-('2'?6'(%6/.L'%&'3'&

  • P'&'(%H*3;+$,*%#$"%a$"#.*%)$#$%@GI%V'"#2B

    K'."$%L-.>"6'#%0-*'.('%Q"2'/%5'()%>'?&'6%&'3'%I,@%]"(3/%5'()%$-3'()%3">'?&"#6'(%4(3'%0"$'%?-())-$-.G)-$-.%)'."$%>-.$-0/>%/(>/6%?-#"1'>-=-6%3'."%6/.L'%5'()%4(3'%0/'>%&'3'%I,@%]"(3">"6%6-5=.'?-%AGN1D%?'6'%>">"6%6-5=.'?-

    >-.$-0/>%'6'(%?-(2'3"%0-*'.('%6/("()+%4(3'%3'&'>%?-()).'0%A\D%3'(%?-())-$-.%>">"66-5=.'?-%>-.$-0/>%&'3'%&"'&%>">"6%1'(3#-+%D-?/3"'(%/(>/6%?-?0/'>%6/.L'%3-()'(%$/3/>%5'()%>'2'?C%&"#"1>">"6%6-5=.'?-%&'3'%&'(&'%?-?&-()'./1"%1'(3#-%3"%/2/()%$'>/(5'+

    O(>/6%?-()-?0'#"6'((5'%6-%0-(>/6%$-?/#'%>-6'(%A&7,F/^jD+

    4(3'%3'&'>%#'()$/()%?-('?0'16'(%>">"6%6-5=.'?-%&'3'%$-0/'1%2-("$

    &-.)-.'6'(%3-()'(%A'.'%?-(-6'(%>

  •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

    0-./0'1%3'(%$->-./$(5'+%ZD/0/$%4Z%?-./&'6'(%".)#$/%3'."%ZD/0/$%HZ%3'(%ZD/0/$%HZ

    ?-./&'6'(%*7,23%3'."%ZD/0/$%4Z+%

  • D"("%6">'%'6'(%?-())/('6'(%>E"%"%#'5'6(5'%$-0/'1%E"()%0-.0')'"%$->>"()%
  • 0-."6'(%&-()'./1%0"3'6%3'&'>%?-#'6/6'(%*-")1>%-3">"()%B$-0-.'&'%0-$'.%$-0/'1%L-.>-\%>-.&-()'./1
  • 0/'>%$-0-#/?(5'%3-()'(%A'.'%?-(-6'(%A&7,F/^Z@D+%,"#"1%="#-%Z"1'($-0-#/?(5'C%('?/(%6'#"%"("%0/'>%$-0'(5'6%7%0/.-%>-.$-0/>%0-.'3'%3">-()'1%?%3'(%?-().'0(5'%')'.%$-$/'"%3-()'(%?-6'(%A&".*#D%3'(%&"#"1%+33i+)-./()#+%K-.'66'(%6-%$'?&"()%6"."%#'#/%6#"6%ALN1D+

    H')"'(%"("%'6'(%?-(2'3"%0'1/+%K-.'66'(%6-%0'*'1%#'#/%6#"6%ALN1DC%)-.'66'(%6-%0'*'1

    $-6'#"%#')"%#'#/%$/3'1"%3-()'(%A[6*D%'>'/%AGN1D+%H')"'(%"("%'6'(%?-(2'3"%>'()'(+%,'3'>'1'&%"("%6">'%>-#'1%?-?0/'>%0/6%&"())'()C%0/6%&/())/()C%0/6#-1-.C%0/6%0'1/%3'(%P%0/6%>'()'(+

    46>"=6'(%[3,/%5(//'$6%AZBD C%&"#"1%$-?/'%0>6'(/(>/6%>'()'(%6'('(%3'(%6-3/'%6'6"+%;"?&'(%="#-%3-()'(%('?'%0/#'()G>/#'()%&'3'%>/0/1%4(3'%1'(5'%3'&'>%?-#'6/6'()-.'6'(%.'$"+%4(3'%?-?'()%3'&'>%?-()'()6'>%0'1/%4(3'%6-%'>'$%$-1"())'%0-.)-.'6$-A'.'%L-.>"6'#C%>->'&"%$-0-('.(5'%&-.)-.'6'(%0'1/%4(3'%6-%'>'$%>-.$-0/>%'3'#'1%1'$"#.'$"%>/#'()%0'1/%>-.1'3'&%>/#'()%&'3'%&'()6'#%#-1-.+

    Y;CM$9#)6#%S,$#-./,*6

    4(3'%>-(>/(5'%'6'(%?-.'$'%6-$/#">'(%2"6'%6->"6'%4(3'%?-()'("?'$"6'($-0/'1%6'.'6>-.%3-()'(%6->-.0'>'$'(%0/

    3"$-3"'6'(%$-0/'1%='$"#">'$%5'()%0-.('?'%M$9#)6#%S,$#-./,*6%AMSD+%,'3'%0'0%"("%4(3'

    2/)'%'6'(%3"6-('#6'(%"3'6?-?"#"6"%)-

  • I(L-.$-%D"(-?'>"A$%'3'#'1%$-0/'1%>+%

    ;-0')'"%)'?0'.'(%$-3-.1'('C%A-#'&'6%>'()'(%4(3'%?-(3-6'>"%0'1/+%M-#'&'6%>'()'(%?-(3-6'>"%0'1/%3'(%>"3'6%?-()1".'/6'(&-.)-.'66'(%#'"((5'+%,-.1'>"6'(%0'1*'%>-#'&'6%>'()'(%4(3'%3'&'>%0-.)-.'6%$-A'.'%#/./$?-(3-6'>"%0'1/C%3'(%>'(&'%4(3'%$'3'."%$"6/%4(3'%$-A'.'%

  • 0-.2'#'(%:J

    Y;=+$,-.6,%N')"7

    ;-&-.>"%5'()%>-#'1%3"$-0/>6'(%6->"6'%4(3'%0-#'2'.%?-?0/'>%?/6%'("?'$"%*'2'1%B='A"'#%'("?'>"-6("6%5'()%/?/?%3")/('6'(%'3'#'1'("?'$"%?%'("?'$"%*'2'1%5'()%$-3'()%0-.0"A'.'C4(3'%1'./$%?-?0/'>%?-.$-0/>%3-()'(%-6$&.-$"%(/3"'/%&'3'%E'5'%3"6-('#

    3-()'(%%H#-(3%;1'&-+%,'3'%H#-(3-.%'("?'$"%?%3"#'6/6'(%3-()'(%>-\%D-5%>-.#-0"1

    3'1/#/%6">'%0'1'$%$-3"6">%?-()-('"%N#67%S#J+%E-$1%D-5%'3'#'1%$'#'1%$'>/%2-("$6-5=.'?-%5'()%3"$-3"'6'(%"%6->"6'%4(3'%?-?0/'>%'("?'$"%/(>/6%&-.)-.'6'(C%1'(5'%6'#"%"("%4(3'?-('?0'16'(%6-5=.'?-%/(>/6%>"'&%&-./0'1'(%0-(>/6%?-$1+%O(>/6%?-('?0'16'(%$-0/'1

    ?-$1%6-5%A/6/&%>-6'(%AMD%&'3'%6-50%?-.-&6'(%6->"6'%4(3'"()"(%?-()'("?'$"6'(%(5'%6-?/3"'(6-?0'#"%6-%0-(>/6%'*'#%B?"$'#(5'%'("?'$"%?/#/>%6->"6'%?-(5/'.'6'(%V4GOG4XJC%6'.-('E-$1%D-5%>"3'6%?-(5"?&'(%"(=%?-()/0'1%N#67%S#J%?-(2'3"

    G#2./,9#%?#)/#R%S#J+%8-()'(%!-#'>"L-%S-.>-\%D-5C%0-(>/6G0-(>/6%/6%"=6'(%0/>>-#'1%4(3'%?-('?0'16'(%$-0/'1

    N#67%S#J%&'3'%

  • O(>/6%#-0"1%2-#'$(5'%?-()-('"%A'.'%?-())/('6'(%!-#'>"L-%S-.>-\%D-5%6">'A%5'()$/3'1%>-.$-3"'%6->"6'%6">'%?-?0/6'%="#-%0'./+

    `+ 46>"=6'(%'(-%>-.$-0/>%3'(%?'$/66'(%E-$1%D-5%AMD+%46>"=6'(%0/>>>"6'%'6>"=J+

    7+ Q'&/$%6/.L'%5'()%0-*'.('%?-.'1+%D/.L'%"("%>"3'6%0-.)/('%#')"%6'.-('%>'3"(5'%"'?-./&'6'(%6/.L'%/(>/6%&-.A-&'>'(%&'3'%E-$1%D-5%0"'$'+%;-3'()6'(%6/.L'%5'()0-*'.('%"=6'(%6/.L'

    >-.$-0/>C%).'0%A\D%3'(%)-$-.%6-%0'*'1C%#->'66'(%&'3'%&E/6%5'()%#'"(+%Y"6'%6-0->/#'(%&'3'%78%*"(3/6'(-%0-.'3'%&'3'%0-(>/6%6-5%5'()%6-3/'%3'(%4(3'%"()"(%?-())/('6'(%0-(>/6%'*'#'(-%$-0')'"%3'$'.%0-(>/6%5'()%'6'(%4(3'%0/'>%6'#"%"("C%'6>"=6'(%6/.L'%/6%'(-%'6'(%6-?0'#"%$-&-.>"%$-?/#'%3'(%4(3'0"$'%?/#'"%?-#'6/6'(%-3">"()+%

    i+ R'?0'16'(%N#67%S#J%AMD%$-6'#"%#')"+%,'3'%I,@%*"(3-.3'&'>%$-0/'1%6/.L'%0"./5'()%0'./+%,"(3'16'(%&'3'%&'?'+%W-&'$6'(

    &"#"1'(%&'3'%I,@%*"(3-\%D-5+%,"'&G>"'&6/.L'%&'3'%I,@%*"(3%&-(>"()+%D/.L'%0"./%5'()%0-.'3'%3"%'>'$%6/.L'%6/("()?-*'6"#"%&-./0'1'(%?-$1%/(>/6%D-5%`+%;-3'()6'(%6/.L'%0"./%5'()%&'#"()%'>'$%?-*'6"#"&-./0'1'(%?-$1%/(>/6%D-5%P+%4(3'%0"$'%?-(/6'.%>-?&'>%6-3/'%6/.L'%>-.$-0/>%$-1"())'6/.L'%0"./%5'()%>'3"(5'%?-*'6"#"%D-5%`%6"("%?-*'6"#"%D-5%P%3'(%$-0'#"6(5'%3-()'(?-())-$-.%&'$%6/.L'G6/.L'%5'()%#'?'C%6/.L'%>-.$-0/>%'6'(%?-*'6"#"%D-5G6-5%$-#'(2/>(5'%BD-5%7C%D-5%hC%D-5%gC%3$>J+%R-(>/(5'%4(3'%2/)'%3'&'>%?-())'(>"%6-55'()%3"*'6"#"%>"'&%6/.L'%>-.$-0/>%3-()'(%?-(/6'.%&/6%?-$1%&'3'%D-5%`%A/6/&%6#"6%ALN1D%&'3'

  • D-5%`%&'3'%3'=>'.%5'()%0-.'3'%3"%$'?&"()%6'('(+%W'6/6'(%-3">"()%$-&-.>"%5'()%>-#'14(3'%&-#'2'."%&'3'%0'0%I,@%*"(3"(5'&-./0'1'(%0-(>/6%D-5%`%>"3'6%3"#'6/6'(C%`%'.>"(5'%&-./0'1'(%>-.$-0/>%3"#'6/6'(%$-A'.'&-(/1+%Y"6'%6-5=.'?-%0-.'3'%3"'>'$%("#'"%`%'>'/%3"0'*'1%9%B?"(/$J%&-./0'1'(%>-.$-0/>3"#'6/6'(%%$-$/'"%3-()'(%("#'"%&%?-()6
  • +$,-./,'$%1(//'$6%AZdD% C%6#"6%0/>>">%-=-6%&'.>"A#-%5'()%0-.0-3'G0-3'+%E"$'#(5'%4(3'%3'&'>%?-?0/'>

    &'.>"A#-%3"1'$"#6'(%3'."%$-#/./1%&-.?/6''(%>-."'#%0-*'.('%?-.'1C%?'6'%&'.>"A#-%5'()%3"1'$"#6'(0-*'.('%?-.'1C%'>'/%2"6'%?'>-."'#%"1%?'6'%&'.>"A#-%5'()%3"1'$"#6'(0-*'.('%&/>"1%3'(%$->-./$(5'+

    ,'.>"A#-%$5$>-?%H#-(3-.%$-&-.>"(5'%3"3-$'"(%/(>/6%&-()-?0'()'(%'"6'$"78%"(>-.'6>"=+%R-.#'#/%$-3-.1'('%0"#'%3")/('6'(%/(>/6%-=-6G-=-6%61/$/$%$-0/'1%="#?6

  • &'#"()%'?'(+

    H'>'$G0'>'$%>-.$-0/>%>-.)'(>/()%3'."%/6/.'(%.-(3-.%5'()%'6'(%4(3'%0/'>+Y"6'%4(3'%?-./0'1%/6/.'(%.-(3-.%?'6'%/6/.'(%0'>'$G0'>'$%'?'(%>-.$-0/>%2/)'%"6/>0-./0'1+%O(>/6%?-./0'1%/6/.'(%.-(3-.%A/6/&%?'$/66'(%'()6'%5'()%4(3'%"()"(6'(%&'3'

    0/>>>'/%'$&-A>%.'>""=6'(%0/>>"=(5'%0/>>-.#-0"1%3'1/#/%1'./$?-(-(>/6'(%=

  •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

    H-0-.'&'%='$"#">'$%5'()%>-.$-3"'%3'#'?%,@S%!'5%3"'(>'.'(5'%&/>%)'?0'.3-()'(%6-3'#'?'(%*'.('%$'?&'"%3-()'(%hf%0">C%'>?5+%

    O(>/6%.'3"./6>/.%>"'&

    ?-$1%5'()%4(3'%0/'>+%D-#-0"1'(%#'"((5'%'3'#'1%.)/,F.*/%B0-.A'6G0-.A'6%(

  • Y'3"%2"6'%4(3'%"()"(%?-())/('6'(%,@S%!'5%$-A'.'%$>'(3G'#'(&'3"3/6/()%
  • D#"6%0/>>>/6%?-.-(3-.%$A-(->-.$-0/>%3-()'(%,@S!'5+%,@S'("?%>"3'6%1'(5'%?-()-6$&%?'&"%2/)'%?'>-."'#C%#")1>("()C%6'?-.'%3'(%&'.>"A#-%3'."%H#-(3-.+

    ;-#'"(%,@S!'5C%0'(5'6%'#>-.('>"=G'#>-.('>"=%.-(3-.-.%#'"((5'%5'()%>-.$-3"'/(>/6%H#-(3-.+%,@S!'5%$-(3"."%?-?"#"6"%L'."'(C%$-&-.>"%A-.&'$%0'./%5'()%>"3'6%'3'%&'3'%,@S!'5%'>'/%?-#'6/6'(%&-.0'"6'(%='$"#">'$G='$"#">'$,@S!'5+

    8"%#/'.%,@S!'5%3'(%L'."'((5'C%5'()%>'6%6'#'1%&/$%H#-(3-.73+'1'&%&-()-?0'()'($-3'()6'(%,@S!'5%'3'#'1%$-0/'1%$*'.-%5'()%0-('.G0-('.%?'>'()%B`9%>'1/(%#-0"1/(>/6%&-()-?0'()'(%1"())'%L-.$"%7+gJ+

    d;Q[3,/,$O%Z,2-

    ;->-#'1%&-?0/'>'(%A#"&GA#"&%'("?'$"%$-#-$'"C%4(3'%1'./$?-())'0/()6'((5'%3-()'(%$*'.-G$*'.-%L"3-

  • 0-(>/6%$/6%?-())'0/()6'(%A#"&GA#"&%5'()%>-#'1%4(3'0/'>C%3-()'(%^"(-#-..'%4(3'%2/)'%3'&'>%?-()-3">%'>'/%?-('?0'16'(%-=-6G-=-6%$/'.'%6-3'#'?(5'%$-.>'%?-?0-."6'(%-=-6G-=-6%L"$/'#%B$-&-.>"%-=-6G-=-6%>.'($"$"J%5'()%?-('."6&'3'%6'.5'%'("?'$"%4(3'+%8-()'(%^"(-#-..'%4(3'%2/)'%3'&'>%?-#'6/6'(%0-.0')'"%&.
  • P$,)'.$"%D$676$($%)$#$%O'"4X

    1.5%V

    \.-#%[$O,$#

    ;-&-.>"%5'()%>-#'1%3"$-0/>6'(%$-0-#/?(5'%3-()'(%)'?-%-()"(-%&'3'H#-(3-.%>'(&'%&-()->'1/'(%>-(>'()%&.%$-0/'1$*'.-%78%"(>-.'6>"=%$-3-.1'('C%0'"6%">/%)'?-%'>'/&/(%&.-$-(>'$"+

    O(>/6%?-()->'1/"%'&'%3'(%0')'"?'('%)'?-%-()"(-%&'3'%H#-(3-.%>'(&'0'(5'6%0'$'G0'$"%#-0"1%#'(2/>%6">'%#'()$/()%?-(A%'(-%5'()%0-.'3'%3"%>-()'1G>-()'1%#'5'.1"())'%?-(2'3"%$-6">'.%`9%6'#"%3'."%/6/.'(%'*'#(5'+%R'?0'16'(%$-0/'1%A/0-%&'3'$A-(-%6-?/3"'(%#->'66'(%3"'>'$%'(-%>-.$-0/>%B2'()'(%$'?&'"%A/0-%>-.$-0/>%>-.&-."'#%/(>/6%A/0-%3'(

    '6>"=6'(%0/>>%^/0-C%6-?/3"'(%'6>"=6'(%0/>>

  • 8/'%0/'1%0/>>>>"()%>-.$-0/>%/(>/6%?-()->'1/"%-=-6G-=-6%5'()%3"1'$"#6'((5'

    i+ D#"6%0/>>>-.$-0/>%6"("%?-?"#"6"%('?'%n(".))'Un+%

    j+ D#"6%+33%3"0'*'1%#'0-#%]'$/)'22#)6+%D#"6%3'(%3.')%A"(A"(%6/("()%3"%$'?&"()%6"."%'.-'A./'>"=6'(%78%*"(3C%4(3'%?-#"1'>%&'3''.-'%6-.2'%>"3'6%>-.2'3"%'&'G'&'%3'(%$-#/./1%-.3"'?%&'3'%>-?&'>(5'+%;-6'.'()A

  • `9+O(>/6%?-('?0'16'(%&-."(>'1G&-."(>'1%6-50%>
  • 0/'>%&'3'%H#-(3-.+%,.%$>'(3%'#."0/$"6'(%$*'.-%4(3'%1'(5'%3-()'(?-(5-.>'6'(%="#-%+0#-(3%3'(%&.-.$-0/>%>'(&'%1'./$%?-(5-.>'6'(6-$-#/./1'(%&.="%3-()'(%('?'%="#-%&.
  • 3"0'*'1%$>'(3'.+%4&'#')"%='$"#">'$%?'?0'16'(%>
  • ;1"=>mM` :%?-()"?&%'?&"#'(%6-%'>'$;1"=>mEEH%:%?-())-$-.%>'?&"#'(%B&'(J^>.#mEEH% :%l
  • :(*&*+$"0$"%E%JJ?c,'##.*%,247*%54&&2"c&2,52.%&*"0$6%,247*%d%`J?c+'06&%,247*%54&&2"c&2,52.($"$"%,247*dOJ?c.*;&%,247*%54&&2"c&2,52.%%('+'%,247*