Electro

!#"$&%' (

)+*
,.-0/132546/7298:/-<;<=>?2A@CBD@9461FE
EBDG4H@I2546JKBL/729-<M
B<N&8:1C8:OL4
=
P0QR 8:-SM
BUTLV0V0V

"!$#% ' & "() ' *+-, ' $. & !
/
02130 465798:52;=<9>@?BA=;=CBDEF<9;HGIDJ:<9> 1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1 M
021302130 NOJ:<97%GQPR83SB7TD798 52U ;WV$52P@?BPR5GID798 52U ;X1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1 M
0213021ZY NOJ:<97%GQPR83SB7TD798 52U ;WV$52P\[];=C=A=79798 52U ;^1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1 _
0213021 M NOJ:<97%GQPR83SB7TD798 52U ;WV$52P6à52;=C=A=79798 52U ;b1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1 _
021ZYdce<%fgC=<hà52A=J:52Ehij1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1 k
021 MmlOPR8:;=798:V=8:5nC=<poA=V$<9PRV$52>R8:798 52U ;q1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1 r
021 _tsu8:>vGQPR8:i=A=798:52;=<9>wC=<p`wDPRxHDy1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1 r
021Zkm`wDEFV$5FNOJ%<9U 7%GQPR8:795d1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1 z
021 rt`gDU J:79A=J:5nC=<p`wDEFV$52>6NOJ%<9U 7%GQPR8:7952>1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0 |
021 r}130 NOJ~lOJD;=5[];}SB;=83GQ51L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0 |
021 r}1ZY JDEhi=PR<[];}SB;=83GQ51L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0"Y
021 r}1 M NO>v<9PQDow52U J:8:CBD1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0 M
021Zdc- U ;=<TD>\C=<h`wDEFV$5NOJ%<9U 7%GQPR8:7951K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0"k
021 zd<952PR<9EDnC=<hKDA=>R>\fW?J:A"R5NOJ%<9U 7%GQPR8:795=11L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0 r
021 z}130 `wDPRxHDnV=A=;HGQABDJe<9;L|1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0 z
021 z}1ZY `wD>R7TDPQD<9>v <9U PR8:7TD1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0 z
021 z}1 M `wDEFV$5C=<KA=;JDEhi=PR<[];}SB;=83GQ5 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0
021 z}1 _ lOJD;=58:;}SB;=83GQ5j1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1{0
021 dPQDiBD R5fWNO;=<9PRxB U D1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y|
021 }130 5 8:EF8:<9;HGQ5<9;`wDEFV$5F6;=8352PREF<1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y|
021 }1ZY 5C=<9J:5C=<La52=P1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y0
021 }1 M l5GQ<9;=798DJ~NOJ:<97%GQPR52>vGDU GQ8:7951L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y0
021 }1 _ `wD>RA=<%GQ<p<9>v <9U PR8:795{1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y2Y
021 }1Zk lOJD;=5[];}SB;=83GQ51L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y2Y
021 }1 r JDEhi=PR<C=<KJDPRx25FY1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1YM
02130 |+NO79ABD798:52;=<9>6C=<Ll528:>R>R52;WfWc~DV=JD79<L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y_
0213020à52;=C=8:798:52;=<9>@C=<La52PRC=<1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y_
02130"Y+`wD>RA=<%GQ<hNO>v <9U PR8:795 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y2k
mp!$* !"#
$
Y130NOJ`wDEFV$5FNOJ%<9U 7%GQPR8:795nfgJ:52>@à52;=C=A=7%GQ52PR<9>1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Y2
Y1302130 `wDPRxHDV=A=;HGQABDJfWNO>v<9PQDb1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Yz
Y1ZY<952PR<9EDnC=<p6;=8:798:CBDC 1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M2|
Y1 Mt<%U GQ5C=5FC=<K[]E+DU x2<9;=<9>1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M2|
Y1 _`wDVBD798:CBDC 1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1MHY
8
8:8

Y1 _=130 à52;=C=<9;=>QDC=52PlOJD;=5 1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M2M

Y1 _=1ZY à52;=C=<9;=>QDC=52PNO>v <9U PR8:7951L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M_
Y1 _=1 M à52;=< }8 52U ;C=<pà52;=C=<9;=>QDC=52PR<9>1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M_
Y1 _=1 _ ?BA=<9P TD<9;HGQPR<LJD>wV=JD7TD>@C=<KA=;à52;=C=<9;=>QDC=52P1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1MHk
/ "!$#% ' & "() ' * (!$# W(2& ()2!$#
/$
M}130N }V$<9PR8:EF<9;HGQ5FC=<L?DPQDCBDTf1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1MH
M}1ZY<952PR<9EDnC=<hKDA=>R>1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M2
M}1 Mtà52;=>vGID;HGQ<psu8:<9J%<9U 7%GQPR8:7TD1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_H|
M}1 _`wDEFV$5C=< @A=V}GQA=PQD 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_=0
M}1Zkmà52;=C=8:798:52;=<9>@C=<La52PRC=<K<9;jsu8:<9J%<9U 7%GQPR8:7952>1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_=0
M}1Zk130 `wDPRxHDV=A=;HGQABDJe<9;C=8:<9J%<9U 7%GQPR8:795 1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_=0
M}1Zk1ZY NO>v<9PQDF7952;=C=A=7%GQ52PQD<9;C=8:<9J%<9U 7%GQPR8:795 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_Y
M}1Zk1 M `wDPRxHDV=A=;HGQABDJe<9;8:;HGQ<9Pv)D>R< 1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_HM
M}1Zk1 _ à52;=C=<9;=>QDC=52P67952;V=JD7TDnC=8:<9J%<9U 7%GQPR8:7TD 1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_2_
*~ . & ' "!$#% ' & "() '
_=130NO;=<9PRxB U DnC=<KA=;o8:>vGQ<9EDnC=<p`wDPRxHD>1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_
_=1ZYdsu8:>vGQPR8:i=A=798:52;=<9>w7952;HGQ8:;ABD> 1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_Hz
_=1 Mto8:>vGQ<9EDnC=<pà52;=C=A=7%GQ52PR<9> 1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_Hz
_=1 M}130 NO;=<9PRxB U DNOJ:<97%GQPR52>vGDU GQ8:7TDnC=<KA=;BDFNO>v<9PQD 1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_H
_=1 M}1ZY à52;=C=<9;=>QDC=52P6V=JD;=51K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_H
_=1 M}1 M NO>v<9PQDF7952;W7TDPRxHD>RA=V$<9PvSB798DJA=;=8352PREF<1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k|
_=1 _`gDU J:79A=J:5nC=<L?BA=<9P TD>@fg52PRA=<9> 1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k|
_=1 _=130 o8:>vGQ<9EDD8:>RJDC=51L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k|
_=1 _=1ZY o8:>vGQ<9EDDnV$5GQ<9;=798DJ:<9>\7952;=>vGID;HGQ<9>u1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k0
_=1 _=1 M à52;=C=<9;=>QDC=52P6V=JD;=51K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k2Y
_=1 _=1 _ `wDPRxHDV=A=;HGQABDJfgV=JD;=5n7952;=C=A=7%GQ52P1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k2Y
_=1 _=1Zk 52PRA=<L>R52i=PR<KA=;C=8:V$52J:5h<9;7TDEFV$5< GQ<9PR;=5 1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1kM
mp!"(*$ 2& () '
k130yà52PRPR8:<9;HGQ<LNOJ%<9U 7%GQPR8:7TD 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k2k
k1ZYdsu<9;=>R8:CBDCWC=<L7952PRPR8:<9;HGQ<1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1kr
k1 Mtà52;=>R<9PvD798 52U ;C=<KJDn7TDPRxHDNOJ%<9U 7%GQPR8:7TD1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1kr
k1 _tce<%fgC=< u=E 1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k2
k1Zkm5C=<9J:5C=<LsuPRA=C=<1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1kz
k1 r @<9>R8:>vGQ<9;=798D 1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1k
k1Z à8:PR79A=83GQ52>wC=< @<9>R8:>vGQ<9;=798D>1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r2|
k1Z130 à52;=< }8:52;=<9>uo<9PR8:<ufWlDPQDJ:<9J:5 1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r2|
k1 zt`wDEFV$52>@NOJ%<9U 7%GQPR8:7952>@<9; g<9U x28:EF<9;Wl<9PRED;=<9;HGQ<1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r}0
k1 z}130 N$R<9EFV=J:51L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1rHY
k1 m?BA=<9P TDFNOJ:<97%GQPR52EF5GQPR8 q1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1rHY
k130 |+NO79ABD798:52;j?BA=;=CBDEF<9;HGIDJC=<pà8:PR79A=83GQ52>1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r2M
k13020ce<%f2<9>6C=< 8:PR7I=5 +1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r_
k130202130N$R<9EFV=J:51L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1rHk
k130"Y^wDJD;=79<C=<LNO;=<9PRxB U DhfWce<%fWC=< 52A=J:<1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1rHk

#"
$

%

&
'
)(
$*
:8 8:8
k130 M D U }8:EDpGQPQD;=>v<9PR<9;=798DC=<KV$5GQ<9;=798D 1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r2r
' $*~H"()# !
$
r}130ce<%fgC=<pa8:5Gwfo}DTDPvG 1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1rH
r}1302130 ?BA=<9P TD<9;HGQPR<LC=52>6DJDEhi=PR<9>wVBDPQDJ:<9J:52>911L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1rH
r}1ZY `wDEFV$5FjDx2;a<%U GQ8:7951L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r2
r}1 MmN$R<9EFV=J:52>K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1|
r}1 M}130 JDEhi=PR<[];}SB;=83GQ51L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1|
r}1 M}1ZY NO>RV=8:PQDà8:PR79A=JDP 1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1|
r}1 M}1 M o52J:<9;=528:C=<1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L10
r}1 M}1 _ lOJD;=5[];}SB;=83GQ51L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12Y
r}1 _t?BA=<9P TDC=<Lce52PR<9;HG 1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M
r}1 _=130 5 8:EF8:<9;HGQ5C=<LlDPvG U 79A=JD>6`wDPRxHDCBD>\<9;`wDEFV$52>jDx2;a<%U GQ8:7952>1K1L1L1L1L1L1L1M
r}1 _=1ZY `wDEFV$5jDx2;a<%U GQ8:795F6;=8352PREF<d1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M
r}1ZkdlOPR52V=8:<9CBDC=<9>@C=<9J`wDEFV$5FjDx2;a<%U GQ8:7951L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_
r}1 r l5GQ<9;=798DJ~jDx2;a<%U GQ8:7951L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12k
r}1ZV=J:8:7TD798:52;=<9>\C=<Lce<%fgC=<KEFV$<9PR<{1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r
r}1Z130 JDEhi=PR<8:;}SB;=83GQ5n1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1r
r}1Z1ZY à8:J:8:;=C=PR51L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12
r}1Z1 M l5GQ<9;=798DJeVBDPQDF`wDEFV$5A=;=8352PREF<1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12
r}1 zmN }VBD;=>R8 52U ;A=J3GQ8:V$52JDPaC=
< 1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12
L"! ( ' ~ # ' $*hH& "() ' #F~ ' ' ( '

130y5C=<9J:5C=<pjDx2;=<%GQ8:>REF51L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1
1ZYmjDx2;=<%GQ8 TD798 52U ;1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1z2|
1 MtoA=>R79<9V}GQ8:i=8:J:8:CBDCgEDx2;a<%U GQ8:7TD 1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1zHY
1 _t?B<9PRPR52EDx2;=<%GQ8:>REF5h < 68:>vG}<9U PR<9>R8:>1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1z2M
1ZkdN$R<9EFV=J:52>K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1z_
1Zk130 à52;=C=8:798:52;=<9>@C=<La52PRC=<fgV=J:8:7TD798 52U ; 1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1z_
1Zk1ZY o52J:<9;=528:C=<PR<97%GQ5F7952;;u=UA 79J:<95nC=<SB<9PRPR51L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1zH
1Zk1 M NO;=PR52J:JDC=5hGQ52PR528:CBDJ 1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1zH
9*HH($&! *^ "! ' $*hH& "() '

z}130 N }V$<9PR8:EF<9;HGQ5C=<L?DPQDCBDTf1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12|
z}1ZYdN$R<9EFV=J:52>K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1HY
z}1ZY130 6;WGQPR<9;<9J%<9U 7%GQPR8:795 1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1HY
z}1ZY1ZY 5GQ52P\f<9;=<9PQDC=52P+1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12M
z}1 Mtà5<%SB798:<9;HGQ<9>6C=<KA}GQ528:;=C=A=79798 52U ;W<K[];=C=A=79798 52U ;EhA}GQABD1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1_
z}1 M}130 ?B52PREhA=JDpC=<L46< @ED;=;1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1Hk
z}1 _tN$R<9EFV=J:52>K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12r
z}1 _=130 A}GQ528:;=C=A=7%GID;=798DnC=<KA=;BDni$52i=8:;BD1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12r
z}1 _=1ZY [];=C=A=7%GID;=798DEhA}GQABDnC=<KC=52>@<9Ehi$52i=8:;BDC=52>61K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12r
z}1 _=1 M N <97%GQ5FC=<GQPQD;=>v52PREDC=52P 1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1H
z}1 _=1 _ [];=C=A=7%GID;=798DEhA}GQABDnC=<KC=52>@<9>RV=8:PQD>u1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12z
z}1Zk[];=C=A=7%GID;=798D7952EF5<9J:<9EF<9;HGQ5C=<K798:PR79A=83GQ5 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L12
z}1 r NO;=<9PRxB U DFjDx2;a<%U GQ8:7TD 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |2|

&

83

z}1ZdNO;=<9PRxB U DFjDx2;a<%U GQ8:7TDNO>vGDU GQ8:7TD 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |}0

z}1 zt`gDU J:79A=J:5nC=<L?BA=<9P TD>@fg52PRA=<9> 1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |2M
z}1 à8:PR79A=83GQ52>w<9;jPR<9x28:EF<9;GQPQD;=>R83GQ52PR8:51L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |2M
z}1 }130 à8:PR79A=83GQ5 <9;>R<9PR8:< {1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |_
z}130 | ?BA=<9;HGQ<KC=<<9EDJ3GQ<9PR;BD
-
$7952>
1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |Hk
z}13020l5GQ<9;=798D 1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |2r
F* ' #F "! ' $*hH& "() ' #

}130NO79ABD798:52;=<9>6C=<pjD a<9J:JW1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |H
}1ZYd?J:A"R5nC=<LNO;=<9PRxB U DNOJ:<97%GQPR52EDx2;a<%U GQ8:7TDy1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020 |
}1 M u;=CBD>6lOJD;BD>652;=579PR52E+DU GQ8:7TD>a1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020 |
}1 _tce<%f2<9>C=< @< B< }8 52U ;gf @<%PQD79798 52U ;{1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020"Y
}1Zk u;=CBD>6lOJD;BD>\<9;<9C=8:52>à52;=C=A=7%GQ52PR<9>1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020 M
}1 r 6DC=8D798 52U ;gC=<L6;BDn;HGQ<9;BDà52PvGID1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020"k
' #9!~ ' & )H!b,L !( '
}
0 |}13
0 -<97%GQ52PR<9> 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020"
0 |}1ZY+à552PRC=<9;BDCBD>`wDPvGQ<9>R8D;BD>F1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020 z
0 |}1 M+lOPR5C=A=7%GQ5NO>R7TDJDP\C=< -<97%GQ52PR<9> 1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020
0 |}1 _ lOPR5C=A=7%GQ5 -<97%GQ52PR8DJ 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K020
0 |}1Zk GQPR52>o8:>vGQ<9ED>\C=<pà552PRC=<9;BDCBD> 1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y|
0 |}1Zk130Xà552PRC=<9;BDCBD>à8:J U ;=C=PR8:7TD> 1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y0
0 |}1Zk1ZYqà552PRC=<9;BDCBD>6NO>v <9U PR8:7TD>1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y2Y
0 |}1 r `wDEFV$52>@NO>R7TDJDPR<9>\f -<97%GQ52PR8DJ:<9> 1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"YM
0 |}1 r}130XPQDC=8:<9;HGQ< 1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"YM
0 |}1 r}1ZY NOJPQDC=8:<9;HGQ<<9;à552PRC=<9;BDCBD>à8:J U 8:;=C=PR8:7TD>-fWNO>v9PRU 8:7TD>g1L1L1L1L1K1L1L1L1L1L1L1K0"Y_
0 |}1Z[];HGQ<9x2PQD798 52U ;Wf uV$<9PQDC=52PR<9> -<97%GQ52PR8DJ:<9> 1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y2k
0 |}1Z130 [];HGQ<9x2PQDJeC=<Lc- U ;=<TD à8:PR79A=JD798 52U ; 1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y2k
0 |}1Z1ZY [];HGQ<9x2PQDJeC=<poA=V$<9PvSB798:< ?J:A"R5 1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Yr
0 |}1Z1 Mqsu832<9PRx2<9;=798D1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Yr
0 |}1Z1 _q<952PR<9EDC=<KJDnsu832<9PRx2<9;=798D 1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y2
0 |}1Z1Zk NOJ @5GQ52P1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y2
0 |}1Z1 r <952PR<9EDC=<poGQ!5 <9>{1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y2
0 |}1Z1Z GQPQD>6lOPR52V=8:<9CBDC=<9>@C=<9JPQDC=8:<9;HGQ<y1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Yz
g# "9H()H(!$%# $p!$*$ "!$&# #T~ !$#

0202130N$R<9PR798:798:5F465=1\0
Y_C=<pjDP 95FC=<0 221L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y
02021302130lOPR52i=J:<9E(D ' 01L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y
020213021ZYqo52J:A=798 52U ;WlOPR52i=J:<9EDg021L1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"Y
020213021 MqlOPR52i=J:<9E(D ' Y+1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2|
020213021 _ o52J:A=798 52U ;WlOPR52i=J:<9EDFY1L1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M}0
02021ZY^N$R<9PR798:798:5F465=1 Y
hC=<Ki=PR8:JC=<F0 22m1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 MHY
02021ZY130lOPR52i=J:<9EDg0 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 MHY
02021ZY1ZYqo52J:A=798 52U ;WlOPR52i=J:<9EDg021L1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 MHY

"

"
"
"
"

02021ZY1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2M
02021ZY1 _ o52J:A=798 52U ;WlOPR52i=J:<9EDFY1L1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M_
02021 M+N$R<9PR798:798:5F465=1-M
YznC=<Ki=PR8:JC=<0 22 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2r
02021 M}130lOPR52i=J:<9EDg0 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2r
02021 M}1ZYqo52J:A=798 52U ;WlOPR52i=J:<9EDg01L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2r
02021 M}1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 MH
02021 M}1 _ o52J:A=798 52U ;WlOPR52i=J:<9EDFY 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2z
02021 _ N$R<9PR798:798:5F465=1O_
khC=<pjDTf25C=<0 22 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2
02021 _=130lOPR52i=J:<9EDg0 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2
02021 _=1ZYqo52J:A=798 52U ;WlOPR52i=J:<9ED(' 01L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 M2
02021 _=1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_=0
02021 _=1 _ o52J:A=798 52U ;WlOPR52i=J:<9E(D 'Y 1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_=0
02021Zk^N$R<9PR798:798:5F465=1 k
YrnC=<pjDTf25C=<0 22W1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_HM
02021Zk130lOPR52i=J:<9EDg0 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_HM
02021Zk1ZYqo52J:A=798 52U ;WlOPR52i=J:<9E(D '01L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_HM
02021Zk1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_2_
02021Zk1 _ o52J:A=798 52U ;WlOPR52i=J:<9E(D 'Y{1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_2_
02021 r+N$R<9PR798:798:5F465=1-r
nC=< A=;=8:5C=<0 22 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_Hr
02021 r}130lOPR52i=J:<9EDg0 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_Hr
02021 r}1ZYqo52J:A=798 52U ;WlOPR52i=J:<9E(D '01L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_Hr
02021 r}1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_
02021 r}1 _ o52J:A=798 52U ;WlOPR52i=J:<9EDFY 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_
02021Z+à52;HGQPR52J~465=1\0
0"YhC=<Ki=PR8:JC=<0 22 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_H
02021Z130lOPR52i=J:<9EDg0 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_H
02021Z1ZYqo52J:A=798 52U ;WlOPR52i=J:<9EDg01L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0T_H
02021Z1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k0
02021Z1 _ o52J:A=798 52U ;WlOPR52i=J:<9EDFY 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k0
02021Z1Zk lOPR52i=J:<9EDM 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k2Y
02021Z1 r o52J:A=798 52U ;WlOPR52i=J:<9EDM1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"kM
02021 z à52;HGQPR52J 'YNOJ:<97%GQPR8:798:CBDCfjDx2;=<%GQ8:>REF5
0 |nC=<pjDTf25C=<0 22W1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k_
02021 z}130lOPR52i=J:<9EDg0 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k_
02021 z}1ZYqo52J:A=798 52U ;WlOPR52i=J:<9E(D '01L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k_
02021 z}1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k2k
02021 z}1 _ o52J:A=798 52U ;WlOPR52i=J:<9E(D 'Y{1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"kr
02021 z}1Zk lOPR52i=J:<9EDM 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"kr
02021 z}1 r o52J:A=798 52U ;WlOPR52i=J:<9E(D 'nM1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k2
02021 à52;HGQPR52J ' M
0T_C=< A=;=8:5C=<0 22g1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k
02021 }130lOPR52i=J:<9EDg0 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k
02021 }1ZYqo52J:A=798 52U ;WlOPR52i=J:<9EDg01L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0"k

$*
$*

02021 }1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 r2|

02021 }1 _ o52J:A=798 52U ;WlOPR52i=J:<9EDM1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 r}0
02021 }1Zk lOPR52i=J:<9EDM 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 rHY
02021 }1 r o52J:A=798 52U ;WlOPR52i=J:<9EDM1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 rHY
0202130 |HN =DEF<9;
rnC=< A=J:8:5nC=<0 221L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 r_
0202130 |}130blOPR52i=J:<9ED '01L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 r_
0202130 |}1ZYo52J:A=798 52U ;WlOPR52i=J:<9ED0 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 r_
0202130 |}1 MlOPR52i=J:<9ED 'Y+1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 rHk
0202130 |}1 _ o52J:A=798 52U ;WlOPR52i=J:<9EDFY 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 rHk
0202130 |}1Zk lOPR52i=J:<9ED 'nM 1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 r2r
0202130 |}1 ro52J:A=798 52U ;WlOPR52i=J:<9EDM1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 r2r

$*

X

NO;j<9>vGQ<K7TDVe U GQA=J:5nC=8:>R79A}GQ8:PR<9EF52>\J:52>\=<97I=52>6E+DU >\<9J:<9EF<9;HGIDJ:<9>\C=<KJDh<9J:<97%GQPR52>vGDU GQ8:7TD}1

"!#%$&&' (*)+"-,.(*/"!

ce52><9;@52U EF<9;=52><9J%<9U 7%GQPR8:7952>0 <9>RV$<972 U SB7TDEF<9;HGQ<aJ:52>C=< <9J:<97%GQPR83SB7TD798 52U ;L<9>vGDU GQ8:7TD@BD;h>R8:C=567952;=5798:C=52>C=<9>RC=<
BD79<LfHDFEF8:J:<9>@C=<pD2;=1 52>91\lDPQDF8:;HGQPR5C=A=798:PR;=52>6DJ~<9>vGQA=C=8:5FC=<p<9>vGQ52>6<9;@52U EF<9;=52>6C=8:>R79A}GQ8:PR<9EF52>6DJ:x2A=;=52>
3 < }V$<9PR8:EF<9;HGQ52> 3 0 A=< ;=52>WV$<9PREF83GQ<9;4u0 DV$<9>QDPC=RA >R8:EFV=J:8:798:CBDC4\0 52i}GQ<9;=<9PjDJ:x2A=;BD>g7952;=79J:A=>R8:52;=<9>

8:EFV$52PvGID;HGQ<9>91
576857685 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ AQPRA J ?BGH=>CJLI K

52EF<9EF52>A=;bGQPR5 95C=<n8:C=PR8:5fbA=;bGQPR5 95WC=<PR<9>R8:;BDW>R52J:8:C=83SB7TDCBDDU EhiBDP S0~;=8:;=x2A=;=5WC=<J:52>79ABDJ:<9>
V=PR<9>R<9;HGIDFV=PR52V=8:<9CBDC=<9> 3 <9J%<9U 7%GQPR8:7TD> 3 1 @<TDJ:8:79<9EF52>wJD>\>R8:x2A=8:<9;HGQ<9>\V=PRA=<9iBD>67952;<9>vGID>@EhA=<9>vGQPQD>
D g?BPR5GIDPuJ:52>uC=52>uGQPR5 952><9;HGQPR<>T U 0 fED;HGQ<9;=<9PRJ:52><9;b7952;HGID7%GQ5=1no<n52i=>R<9Pv>QDWA=<;=5WEhA=<9>vGQPQD;
3 V=PR52V=8:<9CBDC=<9>@<9J%<9U 7%GQPR8:7TD> 3 1
i o<9VBDPQDPLJD>KEhA=<9>vGQPQD>91Wo<F52i=>R<9PvD<9;HGQ52;=79<9>pA=<<9U >vGID>p>R<DGQPQD<9; EhA}GQABDEF<9;HGQ<1gNO>vGQ<F<9>p<9J
<%<97%GQ5 3 <9J%<9U 7%GQPR8:795 3 DJeA=<K;=52>@PR<%<9PR8DEF52>\V=PR<%8DEF<9;HGQ<U=T JDn8:;HGQ<9PQD79798 52U ;WC=<KJD>\EhA=<9>vGQPQD>91
o8 D=52PQDFGQ52EDEF52>@5GQPR52>uC=52>GQPR5 952>0 A=;=5C=<p8:C=PR8:5fj<9J5GQPR5C=<hPR<9>R8:;BDV$0 fjJ:52>6PR5GIDEF52>6<9;HGQPR<
>T U B0 >R<K52i=>R<9PvDPBDU J:5n>R8:x2A=8:<9;HGQ<
8Lce52>@C=52>\GQPR5 952>@C=<8:C=PR8:5n>R< " O * <9;HGQPR<K>T U 1
8:8Kce52>@C=52>\GQPR5 952>@C=<KPR<9>R8:;BDn>R< " O * <9;HGQPR<L>T U 1

8:8:8NOJ8:C=PR8:5n>R8:<9EFV=PR< ' ' DnJDhPR<9>R8:;BD}1

NO>vGQR<9;=798:J:J:5< }V$<9PR8:EF<9;HGQ5F;=52>6V$<9PREF83GQ<K7952;=79J:A=8:P@A=<L< }8:>vGQ<9;C=52>679JD>R<9>6C=< 3 <9J:<97%GQPR8:798:CBDC 3 0BA=<
V$5C=<9EF52>J:JDEDP 3 GQ8:V$5 8:C=PR8:5 3 5 3 V$52>R83GQ83D 3 f 3 GQ8:V$5 PR<9>R8:;BD 3 5 ;=<9xHDGQ83D}1 4DGQA=PQDJ:EF<9;HGQ<U0\A=;+>R52J:5
< }V$<9PR8:EF<9;HGQ5;=5<9>g>RA}SB798:<9;HGQ<bVBDPQD <9>vGIDi=J:<979<9PW<9>vGQ<=<97I=B5 0uV$<9PR5J:5D79<9V}GIDPR<9EF52>fHDA=<GQ5C=52>
J:52>g< }V$<9PR8:EF<9;HGQ52>WPR<TDJ:EF<9;HGQ<PR<TDJ:8 TDC=52><9;>R8:x2J:52>C=<b< }V$<9PR8:EF<9;HGID798 52U ; >R52;7952EFVBDGQ8:i=J:<9>7952;JD
< }8:>vGQ<9;=798DjC=<>B52U J:5jC=52>p79JD>R<9>pC=< 3 <9J:<97%GQPR8:798:CBDC 3 1su<9>RC=<J:A=<9x25jA=<;=5jBDTf ;BDCBD8:;HGQPT U ;=>R<97TDEF<9;HGQ<
V$52>R83GQ8325L;=8B;=<9xHDGQ8325p<9;<9J=8:C=PR8:5K;=8<9JDU EhiBDP PR<9>R8:;BD S0>R<@GQPQDGIDK>B52U J:5KC=<6A=;BDL7952;H2<9;=798 52U ; }UA GQ8:WJ 02>R52i=PR<
GQ5C=5<9;<9JeEDPR795C=<KJDpGQ<952PT U DnA=<K>R<L< }V$52;=C=PBDU <9;<9>vGQ52>DV=A=;HGQ<9>91
M

&

5768576 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ A K = =>CLJ I K

à52;=>R8:C=<9PR<9EF52>D=52PQDnA=;jPR<9798:V=8:<9;HGQ<KEF<%GDU J:8:795B}0 ;=5<9J:<97%GQPR83SB7TDC=5B0D8:>RJDC=5=1 o<L8:;HGQPR5C=A=79<KA=;WGQPR5 95FC=<
8:C=PR8:5<9J:<97%GQPR83SB7TDC=5 7TDPRxHDV$52>R83GQ83D <9;<9Jw8:;HGQ<9PR8:52PLC=<9JwPR<9798:V=8:<9;HGQ<U-0 >R8:; GQ57TDPRJ:5=1bNO;HGQ52;=79<9>-0 8:>vGQ5
C=<9>RC=<<9J < GQ<9PR8:52P0 <9J PR<9798:V=8:<9;HGQ<EF<%GDU J:8:795DVBDPR<979<7952EF5j7TDPRxHDC=5jV$52>R83GQ83DEF<9;HGQ<1gNO>vGIDj>R83GQABD798 52U ;

>R<V=A=<979<8:>RABDJ:8 TDP>R86>R<j>RA=>RV$<9;=C=<C=<9J6PR<9798:V=8:<9;HGQ<A=;+VBDPFC=<jJ DU EF8:;BD>nEF<%GDU J:8:7TD>7952;=<97%GIDCBD>DJ

PR<9798:V=8:<9;HGQ<KV$52P\EF<9C=8:5nC=<LA=;W=8:J:5nEF<%GDU J:8:795=1 c~D>R83GQABD798 52U ;g>R<KEhA=<9>vGQPQD<9;JDhSBx2A=PQDg0213021
&

?8:x2A=PQD 0213!0 ^NOJ:<97%GQPR83SB7TD798 52U ; 52PW8:;=C=A=79798 52U ;1 6; PR<9798:V$528:<9;HGQ<bEF<%GDU J:8:79B5 067952;A=; 52iR<%GQ5^7TDPRxHDC=5
V$52>R83GQ83DEF<9;HGQ<<9;>RA8:;HGQ<9PR8:52P91ONOJe<9J:<97%GQPR52>R7952V=8:5EhA=<9>vGQPQDA=<KJDn7TDPRxHDn<9;<9Je< GQ<9PR8:52P\<9>@V$52>R83GQ83D}1
52EF<9EF52>@D=52PQDA=;GQPR5 95FC=<LPR<9>R8:;BVD 0=GIDEFi=8:<9;<9J:<97%GQPR83SB7TDCBVD 0=fWD79<9PRAa<9U EF52>RJ:5DJePR<9798:V=8:<9;}GQ<1\o<
52i=>R<9PvDFJ:5n>R8:x2A=8:<9;HGQ<
DTf DGQPQD79798 52U ;<9;HGQPR<F<9J GQPR5 95WC=<PR<9>R8:;BDW<9J:<97%GQPR83SB7TDC=5gf<9JOPR<9798:V=8:<9;HGQU< 0~7952EF5W>R8O<9JOPR<9798:V=8:<9;HGQ<
<9>vGQA}8:<9PQD7TDPRxHDC=5FV$52>R83GQ83DEF<9;HGQ<1
o8e>R<LD79<9PR7TDFA=;gGQPR5 95FC=<8:C=PR8:5n<9J:<97%GQPR83SB7TDC=B5 0=BDTfgPR<9V=A=J:>R8 52U ;1
o8e>R<K>QD7TD<9JGQPR5 95FC=<8:C=PR8:5nC=<9JePR<9798:V=8:<9;HGQU< 0w<9U >vGQ<K;=5FV=PR<9>R<9;HGIDF<9J:<97%GQPR83SB7TD798 52U ;1
NOJ < }V$<9PR8:EF<9;HGQ5WV=A=<9C=<>R<9PPR<9V$<%GQ8:C=5g7952;bA=;GQPR5 95WC=<nPR<9>R8:;BD<9;b>RA 8:;HGQ<9PR8:52P 0 7952;bPR<9>RA=J3GIDC=52>
>R8:EF8:JDPR<9>wDJ:52>wfHD52i=>R<9PvDC=52>91

5768576 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ A! JLK ==>CJLI K
à52;=>R8:C=<9PR<9EF52>C=52>PR<9798:V=8:<9;HGQ<9>EF<%GDU J:8:7952> C=< 7952i=PR< 5DJ:A=EF8:;=8:B5 0TV$52Pe<]R<9EFV=J:5 S0DEhi$52>D8:>RJDC=52>e<9;HGQPR<

T> U 1O52EF<9EF52>wA=;gGQPR5 95nC=<u8:C=PR8:5h<9J:<97%GQPR83SB7TDC=5n<8:;HGQPR5C=A 97eDU EF52>RJ:5hC=<9;HGQPR5C=<A=;=5C=<J:5nPR<9798:V=8:<9;HGQ<9>
" >R8:;GQ57TDPu>RA=>VBDPR<9C=<9> " 1hceJDEF<9EF52> 3 3 D^<9U >vGQ<nPR<9798:V=8:<9;HGQ<hf 3 3 DJ5GQPR5gPR<9798:V=8:<9;HGQ<1L52EF<9EF52>uA=;
GQPR5 95uC=<wDJDEhi=PR<-EF<%GDU J:8:795&7952i=PR<efLA=;BDEF52>J:52>PR<9798:V=8:<9;HGQ<9> fp 7952; <9U J 1 o<w52i=>R<9PvDJ:56>R8:x2A=8:<9;HGQ<
0B<9;<9>vGQ<K7TD>RB5 0BV$52>R83GQ83D}1
NOJePR<9798:V=8:<9;HGQ<L>R<K<9J:<97%GQPR83SB7TVD 0=7952;7TDPRxHDnC=<9JeEF8:>REF5n>R8:x2;=5nA=<LO
o8>R<A=i=8:<9PQDKA=>QDC=5pA=;=8:J:5KC=<DJ:x25C@52U ;5p>R<9CBVD 0<9;F2< C=<9J DJDEhi=PR<\7952;=C=A=7%GQ52P 0;=5p>R<6BDi=PT U D
52i=>R<9PvDC=5g7TDPRxHDF<9J%<9U 7%GQPR8:7TD<9;1 NO>vGQ5gV$<9PREF83GQ<LA=;BDV=PR8:EF<9PQDF79JD>R83SB7TD798 52U ;C=<hJ:52>6EDGQ<9PR8DJ:<9>
<9; 2!$* !"# 0B7952EF5<9Je7952i=PR<f ' ()#T ' ~!"# 0B7952EF5n<9Je=8:J:5nC=<LDJ:x25C@52U ;g5>R<9CBD}1

k
465F>R<9x2A=8:PR<9EF52>@C=<9>R79PR8:i=8:<9;=C=5JDEhA=J3GQ83GQA=CgC=<L< }V$<9PR8:EF<9;HGQ52>6A=R<LBD;jPR<TDJ:8 TDC=5B0=;=52>6iBD>vGIDPBD U
7952;C=<9798:PhA=<g<9>vGQ52>n< }V$<9PR8:EF<9;HGQ52>DV$5 fHD;JDj8:C=<TDA=<g<9;JDj;BDGQA=PQDJ:< TDj< }8:>vGQ<9;>B52U J:5C=52>hGQ8:V$52>
C=<n<9J:<97%GQPR8:798:CBDC40 A=<J:JDEDEF52>@;=<9xHDGQ83DFfV$52>R83GQ83D}1Kl5C=<9EF52>D2;B1 DC=8:P0DC=<9E+DU >0C=52>V=PR52V=8:<9CBDC=<9>
8:EFV$52PvGID;HGQ<9>KC=<JDg7TDPRxHDW<9J%<9U 7%GQPR8:7TDV0~7952; <9J-52iR<%GQ5C=<F7952EF<9; TDPLDDV=PR<9798DP>RA >R8:x2;=83SB7TDC=5=1FNO>vGID>
>R52;FJD 2!$*#9 ' H($&! * ~ ' ' ' () ' 0fnJD H ' *$"(
' H($&! * ~ ' ' ' 2& () ' 1NO>vGID>
V=PR52V=8:<9CBDC=<9>6>R52;40BBD>vGIDnC=52;=C=<K>R<L>QDi$<U0B8:;=C=<9V$<9;=C=8:<9;HGQ<9>91
p!$*#9 ' H($&! * ~+ ' ' ' 2& () ' o8:x2;=83SB7TDA=<gJD7TDPRxHDC=<A=;>R8:>vGQ<9EDj79<9PRPQDC=5
;=57TDEhi=8DF<9;<9JGQ8:<9EFV$5=1@NO>vGID<9>uA=;BDJ:<%fgA=;=CBDEF<9;HGIDJC=<hJDF;BDGQA=PQDJ:< TVD 0f;=5>R<p7952;=579<9;
< }79<9V$798:52;=<9>uDn<9J:JD}1
h ' *$"
( ' H($&! *~ ' ' ' 2& () ' V=PR8:;=798:V=8:52> C=<>R8:x2J:B5 0}8:J:J:8 D;PR<TDJ:8 e5LU A=;g< }V$<9P "
8:EF<9;HGQB5 0eA=<J:<nV$<9PREF83GQ8 5U C=<9EF52>vGQPQDP O( *$ ' *$ 0A=<<9; JDg;BDGQA=PQDJ:< TDJDg7TDPRxHD
<9J%<9U 7%GQPR8:7TDF>R8:<9EFV=PRR<p<9;=79A=<9;HGQPQDg<9;E=UA J3GQ8:V=J:52>wC=<pA=;BDA=;=8:CBDCA=;=CBDEF<9;HGIDJ 1NO>vGIDA=;=8:CBDCj<9>
JD7TDPRxHDC=<@A=;F<9J:<97%GQPB52U 4; 0A=<6C=<9;=5GIDEF52>O7952;FJDJ:<%GQPQD @fhGQ8:<9;=<\<9JBDJ:52P u
L0 r I0 | 1

&

&

!

' #" $&/)%$
@<9>RA=J3GID 79JDPR5 A=<jJDA=<9P TD <9J%<9U 7%GQPR8:7TDb<9;HGQPR<jC=52>52iR<%GQ52>ED79PR52>R7e52U V=8:7952>FC=<9V$<9;=C=<C=<j>RA^52PRED}1

l52Pu<9>vGIDPQD e52U ;40$PR<9>RA=J3GID;BDGQA=PQDJ~V=PR<9x2A=;HGIDPR>R<hV$52PJDn52PREDFC=<pJD8:;HGQ<9PQD79798 52U ;j<9;HGQPR<h52iR<%GQ52>u79A}fHD>
C=8:EF<9;=>R8:52;=<9>W>R<TD; EhA=7I=5E+DU >gV$<9A=< ;B1 D>A=< 79ABDJ:A=8:<9PgC=8:EF<9;=>R8 52U ;PR<9J:<%D;HGQ<1 c~DDi=>vGQPQD79798 52U ;
;BDGQA=PQDJC=<<9>vGQ<7952;=79<9V}GQ5F<9>\JD 3 7TDPRxHDhV=A=;HGQABDJ 3 1-NO;b0" @0$`1 p1à52A=J:52EhiC=<9EF52>vGQPB5U A=<JDpJ:<%fC=<
A=<9P TD> <9;HGQPR<67TDPRxHD>-V=A=;HGQABDJ:<9> " <9;F<9J=D72 U 5 " V=A=<9C=<6<9>R79PR8:i=8:PR>R<@<9;FJDu52PRED <9;F;=5GID798 52U ;EF5C=<9PR;BD
& ' )(+* -* ', '
02130
'
Ae U & ' <9>nJDA=<9P TDA=<WD7%GBUA Dj>R52i=PR<gJDjVBDPvG U 79A=JDY 0O7952;7TDPRxHD * ' 0-C=<9i=8:CBDDJDjVBDPvG U 79A=JD
0 07952; 7TDPRxHD * T 0 ' >R52; J:52>2<97%GQ52PR<9>hC=<V$52>R8:798 52U ; C=<JD>L7TDPRxHD>F0Ff Y 0 '. ' A=<FD
C=<9>RC=<hJD7TDPRxHD * BD>vGID * ' 0fW '. 0
/ /}<9>6JDC=8:>vGID;=798D<9;HGQPR<pJD>@7TDPRxHD>911 (W<9>6A=;BDF7952;=>vGID;HGQ<hC=<
V=PR52V$52PR798:52;BDJ:8:CBD4C 0A=<LC=<9V$<9;=C=<LC=<KJD>\'. A=;=8:CBDC=<9>@A=>QDCBD>@VBDPQDnEF<9C=8:P\JDpA=<9P TD}1
c~DaA=<9P TD\7952A=J:52Ehi=8D;BDaV$52>R<9<OJD>>R8:x2A=8:<9;HGQ<9>e7TDPQD7%GQ<9PT U >vGQ8:7TD> A=<O>R<-V=A=<9C=<9;LJ:<9<9PC=<-JDa<979ABD798 52U ;02130

)

ON >V=PR52V$52PR798:52;BDJeDJ~V=PR5C=A=7%GQ5FC=<pJD>@7TDPRxHD>0 * * ' 1\l52P6J:5nGID;HGQ5B0JDnA=<9P TDF<9>DGQPQD7%GQ83DVBDPQD

7TDPRxHD>@C=<KC=8:>vGQ8:;HGQ5>R8:x2;=5B0fgPR<9V=A=J:>R83DnVBDPQDn7TDPRxHD>@C=<K8:x2ABDJ >R8:x2;=5=1
c~DnA=<9P TDnC=<9V$<9;=C=<p8:;H2<9PR>QDEF<9;HGQ<KC=<9J~79ABDC=PQDC=5C=<KJDnC=8:>vGID;=798Dh<9;HGQPR<LJD>\7TDPRxHD>91
465GIDEF52>@A=<LJDFce<%fC=<hà52A=J:52Ehi <979ABD798 52U ; 02130 aGQ8:<9;=<LJDnEF8:>REDh52PREDnA=<pJDFce<%fWC=<nPQDT "
83GID798 52U ;C=<n46< \GQ52;1l52PJ:5FGID;HGQB5 0$x2PQD;7TD;HGQ8:CBDCjC=<pPR<9>RA=J3GIDC=52>>R52;7952EhA=;=<9>DFJDNOJ:<97%GQPR52>vGDU GQ8:7TD
fgJDFPQDT83GID798 52U ; )DnJDn46< \GQ52; 1
6;BD\52i=>R<9PvD798 52U ;KPR<9>RV$<97%GQ5uD\JD>A=;=8:CBDC=<9>91Oo82>R<-BD79<-A=;pD;@DU J:8:>R8:> C=8:EF<9;=>R8:52;BDJC=<-JDw<979ABD798 52U ;F02130
>R<KGQ8:<9;=<
2 &43 2 ( 3 2 5 3 ' 2 3 6'7

r
9< ;FA=<@=<9EF52>OJ:JDEDC=5 2 5 3 DJDuC=8:EF<9;=>R8:52;=<9> C=<@7TDPRxHD<9J%<9U 7%GQPR8:7TDf 2 c 3 DJD> C=<@J:52;=x283GQA=Ch5KC=8:>vGID;=798DVT
J:JDED;=C=5nDC=<9E+DU > 2 3 DnJD>\C=8:EF<9;=>R8:52;=<9>\C=<KED>QDpf 2 3 DnJD>wC=<GQ8:<9EFV$5=1-à52EF5JD>\C=8:EF<9;=>R8:52;=<9>
C=<KA=<9P TDn>R<L< }V=PR<9>QD;j7952EF5 2 &43 2 3 2 3 2 3 6' 0}GQ<9;=<9EF52>
2 ( 3 2 3 2 3 , 2 3 6' 2 5 3 6'
c~D>OA=;=8:CBDC=<9>OC=1< (pC=<9V$<9;=C=<9;C=<\JD<9J:<979798 52U ;nC=<\JD> A=;=8:CBDC=<9>OC=< 2 5 3 fp8:79<%2<9PR>QD 1-NO;A=;=8:CBDC=<9>
C=<9J~>R8:>vGQ<9EDn8:;HGQ<9PR;BD798:52;BD#J o[ w>R<K<9>R795"R<L<9JDJ:52P
(F _ 0 z 2z24
z 20 | H
7
<9;jA=%< 6>R<LC=<9;=52EF8:;BDhV$<9PREF83GQ838:CBDCC=8:<9J%<9U 7%GQPR8:7TDhC=<9JD72 U B5 0}fGQ8:<9;=<<9JDJ:52P
\z zHk_!
Y H0 | ' H

c~DK<979ABD798 52U ;021306CBDKJDuA=<9P TDK>R52i=PR<6JD7TDPRxHD * ' C=<9i=8:CBDLDKJD7TDPRxHD * 1ONO> 79JDPR5KA=<6JD< }V=PR<9>R8 52U ;
<9>>R8:E<%U GQPR8:7TVD 0=V$52P@J:5GID;HGQ5JDhA=<9P TDF<9J%<9U 7%GQPR8:7TD>QDGQ8:>v)D79<L<9J~V=PR8:;=798:V=8:5nC=<hD79798 52U ;WfWPR<TD79798 52U ; )M2DFce<%f
C=<p46< \GQ52; 1
& ' & '. |
NOJ< }V$52;=<9;HGQ<FC=<hJDce<%fC=<Fà52A=J:52Ehi<9> 0eBD>vGIDC=52;=C=<n>R<n>QDi$<n=5 f<9;bCe U VD 0 ' ' *$ Y1
NO>vGQ5KGQ8:<9;=<\7952;=>R<979A=<9;=798D> 8:EFV$52PvGID;HGQ<9> 027952EF5u2<9PR<9EF52>-E+DU >-DC=<9JD;HGQ<1 N }V$<9PR8:EF<9;HGIDJ:EF<9;HGQ<\>R<@>QDi$<
A=U< 0>R8e<9Je< }V$52;=<9;HGQ<LA=<9PQDnC=<KJDh52PRED Y S0=<9;HGQ52;=79<9> / / 0 | T1

&& ' $ !. "!
o <BD 7952EFV=PR52iBDC=5 " GIDEhi=8%<9U ;< }V$<9PR8:EF<9;HGIDJ:EF<9;HGQ< " A=<JD>A=<9P TD><9J%<9U 7%GQPR8:7TD>>R<j7952EFV$52PvGID;^<9;
52PREDgDC=83GQ83DV0<9>KC=<9798:PT~JDA=<9P TDW<9J%<9U 7%GQPR8:7TD>R52i=PR<A=;BDg7TDPRxHD * 0eC=<9i=8:CBDWDgA=; 7952;"RA=;HGQ5WC=<7TDPRxHD>
*JDn 7 7T D PR xH7 D *$# <90=> <9>68:x2C=AB<9D79J=8:P DK JD>RA=EDKC=<@JD> A=<9P TD> A=< && % 0A=<67TDCBDK7TDPRxHD * % 0 <]R<9PR79<>R<9VBDPQDCBDEF<9;HGQ<@>R52i=PR<
*

&( '
& ) & # *%,+ # && % 7

<9;A=<KJD>wA=<9P TD> && % <9>vGID;CBDCBD>@V$52P0213021
&& % ! O _ 0 *-* / !% % / %
02130
,
NO;pJDw<979ABD798 52U ;pD;HGQ<9PR8:52PeJD>e7TDPRxHD> * % 579A=VBD;LJD>eV$52>R8:798:52;=<9>eCBDCBD>~V$52P~J:52>2<97%GQ52PR<9> % .-0 7 70/
f JD7TDPRxHD * <9>vGDU <9; <9JaV=A=;HGQ5 1NOJ V=PR8:;=798:V=8:5C=<WoA=V$<9PRV$52>R8:798 52U ; <9>h7952;=5798:C=5GIDEhi=8%<9U ; 7952EF5jJD
3 PR<9x2JDnC=<9JeVBDPQDJ:<9J:52x2PQDEF5pC=<A=<9P TD> 3 1

21
! ,4 $&$& "! ' #" (546(
à52;=>R8:C=<9PR<9EF52>a<9J$V=PR52i=J:<9EDK>R8:x2A=8:<9;HGQ<-o<6GQ8:<9;=<6A=;79A=<9PRV$5hED79PR52>R7e52U V=8:795B0C=<6252J:A=EF<9;87R0}7TDPRxHDC=5=1
9 A=<9PR<9EF52>\7TDJ:79A=JDPaJDLA=<9P TDnA=<K<9>vGQ<52iR<%GQ5<]R<9PR79<K>R52i=PR<A=;BDh7TDPRxHDhV=A=;HGQABDJ 0}J:57TDJ:8 TDCBDL<9;WA=;
*

&

V=A=;HGQ5 1oA=V$52;=xHDEF52>LA=<<9J-252J:A=EF<9; 7 C=<9J 79A=<9PRV$5>R<C=838:C=<<9; A=; ;u=UA EF<9PR5C=<V$<9A=< ;=1 52>
3 79A=i$52> 3 7 % 0BC=<252J:A=EF<9; 7 % fg7TDPRxHD * % 0B79<9;HGQPQDC=52>6<9;V=A=;HGQ52> % .- 0 7 Y 7 7 1
N 8:C=<9;HGQ<9EF<9;HGQ<U0 5 * * ' * <9>-JD7TDPRxHDuGQ5GIDJ}C=<9JB79A=<9PRV$5f 7+ 7 7 '
7 <9>h>RA 252J:A=EF<9;1o8 <9J ;u=UA EF<9PR5C=<J:52>L<9J:<9EF<9;HGQ52>pC=<F252J=UA EF<9; 7 % GQ8:<9;=C=<Dj8:;}SB;=83GQB5 0
EF8:<9;HGQPQD>->RAFGIDED2;=1 5uGQ8:<9;=C=<DK79<9PR5B0ED;HGQ<9;=8:<9;=C=5LJD>-PR<9JD798:52;=<9>-D;HGQ<9PR8:52PR<9>0<9;HGQ52;=79<9>aJDuA=<9P TDLA=<
<9J H~ O! <]R<9PR79<L>R52i=PR<KJDh7TDPRxHDnV=A=;HGQABDJeV=A=<9C=<pDV=PR5 }8:EDPR>R<V$52PwJD #T ' ! #T O O!$#T()H($&! * C=<
DA=<9J:JD>wA=<9P TD> && % C=<9i=8:CBD>6DnJ:52>\<9J:<9EF<9;HGQ52>\C=<K7TDPRxHD * % 1
&( ' ! * * _ * % % / ! % / % 7
02130
%
,
<9;A=<L>R<KBDV=A=<9>vGQ5 * % % aVBDPQDnBD79<9P@PR<9>QDJ3GIDP\<9Je=<97I=5FA=<LJDh7TDPRxHDn7952;HGQ<9;=8:CBD<9;<9Je<9J:<9EF<9;HGQ5
C=<g252J=UA EF<9; 7 % C=<9V$<9;=C=<C=< % Ta<9;5GQPQD>nVBDJDi=PQD> 0OC=<9V$<9;=C=<WC=<gJDV$52>R8:798 52U ; C=<9Jw<9J:<9EF<9;HGQ5bC=<
252J=UA EF<9;W<9;79A=<9>vGQ8 52U ;1
su<%SB;BDEF52>\JD ~*#T() ' ~ ' ' " 252J:A=E<%U GQPR8:7TD " <9;JDp2<9798:;=CBDCjC=<9JeV=A=;HGQ5 % 7952EF5
% % %
021Z!Y
% O
- * 7 % * 7
NO>vGID<9> 0=GIDEhi=8%<9U 4; 0}JDpC=<9;=>R8:CBDCWC=<K7TDPRxHDhV=PR52EF<9C=8:5h<9;A=;g252J=UA EF<9; 7R0B79ABD;=C=5<9>vGQ<K>R<KBD79<EhA}f
V$<9A=< ;=1 B5 0<9>OC=<9798:P 0 3 GQ8:<9;=C=<@DA=;V=A=;HGQ5 3 TV$52P J:5uGID;HGQ5 ! >R<@8:;HGQ<9PRV=PR<%GIDu7952EF5JDuC=<9;=>R8:CBDCC=<@7TDPRxHD
<9;jJ:<2<9798:;=CBDCjC=<9JeV=A=;HGQ5 1
o8>R<nPR<9<9EFV=JD TD * % V$52P % 7 % <9;bJD<979ABD798 52U ;02130n>R<hGQ8:<9;=<h< =D7%GIDEF<9;HGQ<JDC=<%SB;=8:798 52U ;C=<
A=;BD8:;HGQ<9x2PQDJC=< @8:<9EFED;=4; T}V$52P\J:5hGID;HGQB5 0BVBD>QD;=C=5DJJ U EF83GQ<6>R<KGQ8:<9;=<
&( ' - * _ 0 / ! ! / 7
021 M

NO;JD< }V=PR<9>R8 52U ;gD;HGQ<9PR8:52P-=<9EF52> PR<9<9EFV=JD TDC=5K<9J U ;=C=8:79<\C=<>RA=ED - 0V$52P-JDuDPR8Di=J:<\7952;HGQ8:;ABD 0
DJVBD>QDP@DJJ U EF83GQU< 02GIDEhi=8%<9U ; 7<9>@<9J<9J:<9EF<9;HGQ5C=<u252J=UA EF<94; 0<9;JD>aDPR8Di=J:<9>6 1-c~Dnx2<952EF<%GQPT U D
C=<9J\V=PR52i=J:<9EDj>R<WEhA=<9>vGQPQD<9;JDj>R8:x2A=8:<9;HGQ<SBx2A=PQD}1 465GIDPnA=<WJD>pDPR8Di=J:<9>p7952; 3 V=PR8:ED 3 L>R<
PR<%SB<9PR<9;^>R8:<9EFV=PR<DJD>nC=<WJD 3 A=<9;HGQ< 3 0wEF8:<9;HGQPQD>nA=<WJDDPR8Di=J:< >R<WPR<%SB<9PR<jDJwV=A=;HGQ5 C=52;=C=<W>R<
52i=>R<9PvDFJDpA=<9P TVD 0B<9;JDhV$52>R8:798 52U ;WC=<KJDh7TDPRxHDnV=A=;HGQABDJ * 1

)

)

celda centrada enri
( r - ri )
ri
O
de carga
distribucion
en un volumen
?8:x2A=PQD021ZY <952EF<%GQPT U DhC=<KJD>wA=<9P TD>@>R52i=PR<LC=8:>vGQPR8:i=A=798:52;=<9>wC=<L7TDPRxHD}1

465GQ<9EF52>FA=<j<9J6=<97I=5 A=<jGQPQDGQ<9EF52>7952;+A=;BD C=8:>vGQPR8:i=A=798 52U ;C=<j7TDPRxHD <9;^252J=UA EF<9;;=5 <9>J:5

E+DU >nPR<9J:<%D;HGQ<gC=<WJD52U PREhA=JDVT <%8:C=<9;HGQ<9EF<9;HGQ<V$5C=<9EF52>h<9>R79PR8:i=8:Pp52U PREhA=JD>nD;@DU J:52xHD>hVBDPQD7TDPRxHD>
C=8:>vGQPT U i=A=8:CBDg>R52i=PR<A=;BD>RA=V$<9PvSB798:<F5j>R52i=PR<FA=;BDJ U ;=<TD}1lDPQD<9J:J:5WiBD>vGID<9>R79PR8:i=8:PKJDgA=<9P TD>R52i=PR<FJD
7TDPRxHD * <9;JDp52PREDhE+DU >@x2<9;=<9PQDJ
&( ' - * _ * / ! / 7
021 _
,
C=52;=C=< * u 2 7~>R8OJDgC=8:>vGQPR8:i=A=798 52U ;<9>K>R52i=PR<A=;b252J=UA EF<9; 1nDEhi=8:<9;bPR<9<9EFV=JD TDEF52>u<9J
252J:A=EF<9
; 7R0$V$52P6A=;BDC=8:>vGQPR8:i=A=798 52U ;79ABDJ:A=8:<9PQD j16su<%SB;BDEF52>D=52PQDFJD>6C=8:>vGQPR8:i=A=798:52;=<9>6>RA=V$<9PvSB798DJ
fgJ:8:;=<TDJC=<K7TDPRxHD}1
' -oA=V$52;=<9P\A=<uJDp7TDPRxHDp>R<BDJ:JDLC=8:>vGQPR8:i=A=8:CBDL>R52i=PR<uA=;BD
g*#T() ' ^#T O H( ' ~j '
>RA=V$<9PvSB798:< 0B<9;HGQ52;=79<9>

021Zk!
! O
-
* *
' 6o8JDF7TDPRxHD>R<pC=8:>vGQPR8:i=A}f2R52i=PR<hA=;BDJ U ;=<TDF 0 <9;HGQ52;=79<9>
W()#% ( H($&! * )()*~ ' \~ '
C=<%SB;=8:EF52>
!
021 r
-
- *
*

DTfgA=<LBD79<9P6A=;BD52i=>R<9PvD798 52U ;PR<9>RV$<97%GQ5DJeVBD>R5DJeJ U EF83GQ<<9;jJD>\C=<%SB;=8:798:52;=<9>6D;HGQ<9PR8:52PR<9>91a465
>R<KGQPQDGIDC=<LA=;J U EF83GQ<<9;j<9J~>R<9;HGQ8:C=5FEDGQ<9E+DU GQ8:795Di=>vGQPQD7%GQB5 0=fHDFA=U< 0 >R<9xw=UA ;j=<9EF52>6C=8:7I=5FJD>\7TDPRxHD>
>R52;V$52P;BDGQA=PQDJ:< TDuC=8:>R79PR<%GID>91 DTfpA=<\;=5GIDP A=U< 0<9;nA=;BDuC=8:>vGQPR8:i=A=798 52U ;hED79PR52>R7e52U V=8:7TDuDPRi=83GQPQDPR8D@>R<
<9;=79A=<9;HGQPQDA=;;u=UA EF<9PR5FEhA}fgx2PQD;=C=U< 0$C=<9J~52PRC=<9;jC=< % VBDPvG U 79A=JD>\7TDPRxHDCBD&> )DAe U % <9>6<9J~;A=EF<9PR5
C=<j6252xHDC=PRB5 0 % r |HY 0 | ' , 1+NOJ6J U EF83GQ<C=<9i$<j<9;HGQ<9;=C=<9PR>R<7952EF5 >R8:x2A=< jc~D PQD e52U ; *
7
PR<9V=PR<9>R<9;HGIDJDpC=<9;=>R8:CBDCgC=<u7TDPRxHDhV=PR52EF<9C=8:5p<9;WA=;BDhPR<9x28 52U ; 7u1-NO>vGIDnPR<9x28 52U ;<9> 0BC=<9>RC=<<9J V=A=;HGQ5C=<
8:>vGIDFDG52U EF8:79B5 0EhA}fgx2PQD;=C=<f 0DnJDh2< U0EhA}fV$<9A=< ;B1 DC=<9>RC=<L<9JeV=A=;HGQ5FC=<8:>vGIDED79PR52>R7e52U V=8:795=1
6>QD;=C=5bJD>h< }V=PR<9>R8:52;=<9>D;HGQ<9PR8:52PR<9>n<9>EhA}f DU 798:J DA=;=A=<;=5bEhA}f}UA GQ8:J <9>R79PR8:i=8:PhA=;BD52U PREhA=JD
VBDPQDJDFA=<9P TD<9;HGQPR<nC=52>uC=8:>vGQPR8:i=A=798:52;=<9>C=<h7TDPRxHDgDPRi=" 83GQPQDPR8D>91ul52Pu5GQPQDVBD" PvGQU< 0<9J=<97I=5WC=<pGQ<9;=<9P
A=;BD52U PREhA=JDuVBDPQDJD>A=<9P TD> <9;HGQPR<@C=52>-79A=<9PRV$52>-<9>R7952;=C=<<9J==<97I=5pA=<@<9>vGIDA=<9P TDKC=<9V$<9;=C=<6C=<@A=;BD
ED;=<9PQDp7952EFV=J:8:7TDCBDKC=<uJDLC=8:>vGQPR8:i=A=798 52U ;C=<u7TDPRxHDLfJDK52PRED " x2<952EF<%GQPT U D " C=<J:52>a79A=<9PRV$52>91-C=<9E+DU > 0
<9;EhA=7I=52>7TD>R52> 0-JDC=8:>vGQPR8:i=A=798 52U ; C=<g7TDPRxHD;=5<9>n7952;=5798:CBDDV=PR8:52PR8 " <9>C=<9798:P 0 ! p5 " <9>
C=<9>R7952;=5798:CBD}1 uiH8DEF<9;HGQ<hA=<n<9;b<9>R<n7TD>RB5 0eJD>652U PREhA=JD>A=<hGQ<9;=<9EF52>KD;A=<9>vGQPQDWC=8:>RV$52>R8:798 52U ;j;=5
>R52;gC=<uA}GQ8:J:8:CBDC1l52Pa<9>vGIDhPQD e52U ;>R<u8:;HGQPR5C=A=79<<9J$7952;=79<9V}GQ5nC=< ' O!b2& ()2! 0HA=<u;=52>aV$<9PREF83GQ<
PR<9>R52J32<9P6JDh>R83GQABD798 52U ;gC=<LA=<KBDi=JDEF52>91

)

)

#"
)

"
(*)
/ "! ,4
64 52>LPR<9>vGQPR8:;=x28:PR<9EF52>KDW>R83GQABD798:52;=<9><9>vGDU GQ8:7TD>LV$52P<9J-EF52EF<9;HGQ5B0e<9>LC=<9798:P0JD>7TDPRxHD>K>R<F<9;=79A=<9;HGQPQD;
<9;b<9A=8:J:8:i=PR8:5<9>vGDU GQ8:795=1poA=V$52;=xHDEF52>uA=<n>R<nC=<9>R<TDW<9>vGQA=C=8DPuJD>uV=PR52V=8:<9CBDC=<9>uC=<nA=;BDgC=8:>vGQPR8:i=A=798 52U ;
C=<7TDPRxHD 7 " <9; 252J=UA EF<9;40~VBDPQDWSQDPK8:C=<TD>Kf >R8:; Va<9U PRC=8:CBDC=<Fx2<9;=<9PQDJ:8:CBDC " 1c~D=UA ;=8:7TDgED;=<9PQDC=<
< }V=J:52PQDPJDV=PR52V=8:<9CBDC=<9><9J%<9U 7%GQPR8:7TD>C=<nA=;BDgC=8:>vGQPR8:i=A=798 52U ;<9>52i=>R<9PvD;=C=5<9J 7952EFV$52PvGIDEF8:<9;HGQ55GQPQD>
7TDPRxHD><9;b>RA2<9798:;=CBDC1hce5gE+DU >u>R8:EFV=J:<p<9> 0e52iH8DEF<9;HGQU< 0GQ52EDPA=;BD7TDPRxHDV=A=;HGQABDJ * f52i=>R<9PvDP
JD>wA=<9P TD>6<9J%<9U 7%GQPR8:7TD>\>R52i=PR<K<9J:JVD 0}C=<9i=8:CBD>6DnJDnC=8:>vGQPR8:i=A=798 52U ;gA=<K>R<LC=<9>R<TD<9>vGQA=C=8DP91

4

àABD;=C=5hA=;52iR<%GQ5h7TDPRxHDC=5p>R<uDV=PR5 }8:EDLDL5GQPRB5 0>R<<]R<9PR79<9;A=<9P TD>w<9J%<9U 7%GQPR8:7TD> >R52i=PR<uDEhi$52> 52i

R<%GQ52>91O4652PREDJ:EF<9;HGQ<U0"<9>vGQ58:EFV=J:8:7TDwA=<wJD>7TDPRxHD><9;nDEhi$52>52iR<%GQ52> >R<aPR<9C=8:>vGQPR8:i=A=8:PBDU ;40DC=A=8:PR8:<9;=C=5 "
A=;BD;A=<%D7952;}SBx2A=PQD798 52U ;C=<<9A=8:J:8:i=PR8:5=1c~D< }79<9V$798 52U ;Dj<9>vGQB5 0O;BDGQA=PQDJ:EF<9;HGQU< 0 <9>nA=<JD>p7TDPRxHD>
<9>vGQ<9;8:EFV$52>R8:i=8:J:83GIDCBD>uC=<gPR<9C=8:>vGQPR8:i=A=8:PR>RU< 0O<9>vGQ5 =UA J3GQ8:EF5C=<9i$<gBD79<9PR>R<WV$52PhJDD79798 52U ; C=<A=<9P TD>n;=5
<9J%<9U 7%GQPR8:7TD>91 NOJe>R8:x2A=8:<9;HGQ<<]R<9EFV=J:5nV=A=<9C=<pDTfA=CBDP6D<9;HGQ<9;=C=<9P6JDh>R83GQABD798 52U ;1
à52;=>R8:C=<9PR<9EF52>uC=52>u7TDPRxHD>uV=A=;HGQABDJ:<9> 0~DEhiBD>C=<nEDx2;=83GQA=C 5 0A=;BDC=<nJD>79ABDJ:<9>u>R<nED;HGQ8:<9;=<
SQD}1 c~D>\7TDPRxHD>\>R<K<9;=79A=<9;HGQPQD;jA=;=8:CBD>@V$52P\A=;WPR<9>R52PvGQ<KC=<K7952;=>vGID;HGQ< ($1-c~DnC=8:>vGID;=798DhC=<K<9A=8:J:8:i=PR8:5
<9;HGQPR<JD>u7TDPRxHD>u<9> B1h6;BDGQ<9PR79<9PQDg7TDPRxHVD 0eC=<nEDx2;=83GQA=C * >R<n7952J:57TD<9;bJDJ U ;=<TDA=<A=;=<nJD>uC=52>
V=PR8:EF<9PQD> 7TDPRxHD> 0DLA=;BDLC=8:>vGID;=798D \C=<JDV=PR8:EF<9PQDK7TDPRxHD}1-`wDJ:79A=JDP-JDK;A=<%DpV$52>R8:798 52U ;C=<<9A=8:J:8:i=PR8:5
C=<LJDh>R<9x2A=;=CBD7TDPRxHDC=<KJDpSBx2A=PQD}1

b
(carga fija )
?8:x2A=PQD021 M-su52>\7TDPRxHD>@V=A=;HGQABDJ:<9>@A=;=8:CBD>\V$52P@A=;WPR<9>R52PvGQ<1ac~Dn7TDPRxHDnC=<KJDn8 9A=8:<9PRCBDn<9>vGDnU SQD}1

àABD;=C=5 >R<j<9;=79A=<9;HGQPQD; V=PR<9>R<9;HGQ<9>g>B52U J:5 JD>FC=52>7TDPRxHD>FC=<jEDx2;=83GQA=C 5 0\<9J6<9A=8:J:8:i=PR8:5bC=<jJD>
A=<9P TD>6<9>\GIDJeA=<
5
( n _ ' ' 7

C=<6ED;=<9PQDuA="< n 5 '
_ ( 1-o8D=52PQD7952;=>R8:C=<9PQDEF52>OJ:5KA=<6579A=PRPR<@DJD79<9PR7TDP-JDu7TDPRxHD * BD>vGID
A=;BDC=8:>vGID;=798D 0=GQ<9;=<9EF52>@A=<KJDpA=<9P TD<9J%<9U 7%GQPR8:7TDn>R52i=PR<KJDn7TDPRxHDn<9;79A=<9>vGQ8 52U ;<9>
&

_ 5 ' ' _ 5 * '

02130
c~D@A=<9P TDEF<97eDU ;=8:7TDV0C=<9i=8:CBDDJPR<9>R52PvGQ< <9> & ( 079ABD;=C=5 * |V0f u<9>JD@C=8:>vGID;=798D@C=<a<9A=8:J:8:i=PR8:5=1
o8 / * / / 5 /B0=<9;HGQ52;=79<9>@V$5C=<9EF52>a<9>R79PR8:i=8: P
0}C=52;=C=< /
/HC=<9i$<9PBDhU >R<9P\V$<9A=< ;=1 5n7952EFVBDPQDC=5
7952; Ffg7952; 1-<9;=<9EF52>0BVBDPQD /
/ 0
5
5
(
_ ' 0 Y
_ * 0 Y

021ZY!
'
'
PR<952PRC=<9;BD;=C=5FG}<9U PREF8:;=52>w>R<LJ:J:<9xHDhDJePR<9>RA=J3GIDC=B5 0}wDU J:8:C=5nVBDPQD / * / / 5 / 0
&

021 M

, ' 5 *
NO>vGQ<@<]R<9EFV=J:5u>R<9;=798:J:J:5;=52>OBDEF52>vGQPQDC=5A=<U0<9;x2<9;=<9PQDJW0HA=;BDuC=8:>vGQPR8:i=A=798 52U ;nC=<\7TDPRxHD<9>-D<97%GIDCBD
5nEF5C=83SB7TDCBDLV$52PaJDpV=PR<9>R<9;=798DhC=<A=;BDp7TDPRxHVD 0}Ag5GQPQDpC=8:>vGQPR8:i=A=798U; C=<u7TDPRxHDp<9;g>RAg2<9798:;=CBDC1ao86<9U >vGID

0|
=UA J3GQ8:EDK<9>@A=;BDh7TDPRxHDnV=A=;HGQABDJW0}JDhEDx2;=83GQA=CC=<JDpV$<9PvGQA=PRiBD798 52U ;g<9>@V=PR52V$52PR798:52;BDJ DhJDhEDx2;=83GQA=CC=<
JDn7TDPRxHDnV$<9PvGQA=PRiBDC=52PQVD T=<9;j<9>vGQ<K<]R<9EFV=J:B5 0BD * f 0BV$52P\J:5nGID;HGQ5<9Je<%<97%GQ5F>R<pD;A=JDh79ABD;=C=5 * |}1
NO>vGID>\7952;=>R8:C=<9PQD798:52;=<9>\;=52>\J:J:<%D;<9;g52PREDp;BDGQA=PQDJDn7952;=79J:A=8:PaA=U< 0B>R8A=<9PR<9EF52>\52i=>R<9PvDP\A=;BD
C=8:>vGQPR8:i=A=798 52U ;WC=<L7TDPRxHVD 0BC=<9i$<9EF52>6BD79<9PRJ:5FA=>QD;=C=5A=;BD7TDPRxHDV=A=;HGQABDJ~C=<LEDx2;=83GQA=C 3 >RA}SB<9;HGQ<9EF<9;HGQ<
V$<9A=< ;B1 D 3 0HC=<wED;=<9PQDA=<\>RAn<%<97%GQ5>R52i=PR<\JD6C=8:>vGQPR8:i=A=798 52U ;h>R<TDuC=<9>RV=PR<9798Di=J:<1 DTf 0H>R8:;n<9EhiBDPRx2B5 0A=;BD
C=83SB79A=J3GID4C 0fHDA=<h>R8 * V| 0GIDEhi=8%<9U ;jJDA=<9P TD>R52i=PR< * GQ8:<9;=C=<hD79<9PRB5 0$fHDA=
< & <9>V=PR52V$52PR798:52;BDJ
D * 1-N 8:C=<9;HGQ<9EF<9;HGQU< 0JDhPQD e52U ; &
* ;=5>R<pD;A=JDh79ABD;=C=5 * |hfGQ8:<9;=<A=;WDJ:52Pwi=8:<9;WC=<%SB;=8:C=B5 0BV$5
J:5nGID;HGQB5 0=C=<%SB;=8:EF52>\<9J`wDEFV$5FNOJ%<9U 7%GQPR8:795<9;<9JeV=A=;HGQ5 h 7952EF5
&( ' !
-
- '
021 _

)
~c D@C=8:>R79A=>R8 52U ;hD;HGQ<9PR8:52P< }V=J:8:7TD@<9;HGQ52;=79<9> JD@PQD e52U ;pC=< 8:;HGQPR5C=A=798:P~<9JJ U EF83GQ< <9;hJD@<979ABD798 52U ;021 _=16;BD
7TDPRxHDLGQ<9>vGQ8:x25L<9>wA=;BDL7TDPRxHDLV=A=;HGQABDJ 79A}fHDpEDx2;=83GQA=CF<9> GID;V$<9A=< ;B1 DpA=<>RAV=PR<9>R<9;=798Dp;=5nD<97%GIDLJD
C=8:>vGQPR8:i=A=798 52U ;C=<7TDPRxHDnA=<>R<C=<9>R<TD<9>vGQA=C=8DP91-NO;HGQ52;=79<9>0<9J7TDEFV$5h<9J%<9U 7%GQPR8:795nV=A=<9C=<KC=<%SB;=8:PR>R<7952EF5
JDgPQD e52U ; <9;HGQPR<FJDA=<9P TDWA=<D7%GBUA Dg>R52i=PR<A=;BDW7TDPRxHDgGQ<9>vGQ8:x25gfJDgEDx2;=83GQA=CC=<FJD7TDPRxHDgGQ<9>vGQ8:x25=1
c~D<979ABD798 52U ; 021 _;=52>V$<9PREF83GQ<L<9>R79PR8:i=8:P6JD< }V=PR<9>R8 52U ;x2<9;=<9PQDJVBDPQDF<9J7TDEFV$5<9J%<9U 7%GQPR8:795<9;A=;V=A=;HGQ5
79ABDJ:A=8:<9PQDnC=<9Je<9>RVBD798:5=1
*
! -
021Zk!
_ / / ,

)
)

" *( ! / $&/ ' #" *( ) ! / "! ,4 !

576 685 9 : :<G KRJ K D K C ? J
à52;=>R8:C=<9PR<9EF52>OA=;nV=JD;=5u8:;}SB;=83GQ5B0 7952;n7TDPRxHDuC=8:>vGQPR8:i=A=8:CBD6A=;=8352PREF<9EF<9;HGQ<a7952;C=<9;=>R8:CBDC

A=;BD
7952;=>vGID;HGQ< 1uo<pA=8:<9PR<LC=<%GQ<9PREF8:;BDP6<9J~7TDEFV$5F<9J%<9U 7%GQPR8:795<9;jGQ5C=52>6J:52>@V=A=;HGQ52>C=<9J<9>RVBD798:5=1@NOJ:8 QDEF52>

<]R<9> C=<w79552PRC=<9;BDCBD>GIDJ:<9>A=<w<9J}V=JD;=57TDPRxHDC=5u79528:;=798:C=< 7952;h<9J}V=JD;=5
2<9P-?8:x2A=PQD S0"fLJ:JDEF<9EF52>
n A=;V=A=;HGQ5F79ABDJ:A=8:<9PQDhC=<9J~<9>RVBD798:5=1-NOJe7TDEFV$5<9J%<9U 7%GQPR8:79B5 0=<9;<9JeV=A=;HGQ5 h <9>vGIDPBDU CBDC=5V$52P
z
P(x,y,z)
r
O
y
(x,y) = 0
?8:x2A=PQD021 _ - lOJD;=58:;}SB;=83GQ5B0}7952;WC=<9;=>R8:CBDCC=<L7TDPRxHDn>RA=V$<9PvSB798DJ
7 1
! O _ 0
2
, 7
/ / ,

4

020
C=52;=C=<L=<9EF52>\V=A=<9>vGQ5 O @ fgJ:52>\J U EF83GQ<9>aC=<K8:;HGQ<9x2PQD798 52U ;g>R52; 0DC=<9E+DU >

7952PRPR<9>RV$52;=C=<pDA=;WV=A=;HGQ5C=<9JeV=JD;=5n7TDPRxHDC=B5 0}f
K

(
7952PRPR<9>RV$52;=C=<pDJeV=A=;HGQ5FC=<K52i=>R<9PvD798 52U 4; 0=79ABDJ:A=8:<9PQD}1
;HGQ<9>~C=<-BD79<9P~J:52>7eDU J:79A=J:52> 0"V$5C=<9EF52>eC=<9798:P~DJ:x2A=;BD>7952>QD>~PR<9>RV$<97%GQ5uDJ27TDEFV$5\<9J%<9U 7%GQPR8:795B0"iBD>QDC=52>
<9;jJDh>R8:EF<%GQPT U DpC=<9J~V=PR52i=J:<9ED
8 <9>u8:;=C=<9V$<9;=C=8:<9;HGQ<hC=<
7 0$fHDA=<n79ABDJ:A=8:<9P6V=A=;HGQ5gC=<h52i=>R<9PvD798 52U ;>R52i=PR<h<9JV=JD;=5 3 2< 3 J:5
EF8:>REF5 >@;=57TDEhi=8D S0BDC=<9E+DU >
8:8 <9>@V$<9PRV$<9;=C=8:79A=JDP@DJV=JD;=5
0 ! O
(
8:8:8
\<9>6D;HGQ8:>R8:E<%U GQPR8:7TVD 0

1
83
p<9>h8:;=C=<9V$<9;=C=8:<9;HGQ<gC=<
0 fHDA=<;=5< }8:>vGQ<;=8:;=x2A=;BDj<9>R7TDJD;BDGQA=PQDJ C=<gJ:52;=x283GQA=C <9;<9J
V=PR52i=J:<9ED}1

-<9PR<9EF52>\7952EF5h7TDCBDnA=;BDnC=<<9>vGID>@V=PR52V=8:<9CBDC=<9>\V=A=<9C=<K<9>vGIDi=J:<979<9PR>R<KEhA}fDU 798:J:EF<9;HGQ<1"ui=>R<9Pv2< "
EF52>V=PR8:EF<9PR5bA=< <9>FA=;^V=A=;HGQ5 SR5B0 $V 52PJ:5bGID;HGQ5 V$5C=<9EF52>BD79<9PF<9J\7TDEhi=8:5 C=<WDPR8Di=J:<9>nC=<

8:;HGQ<9x2PQD798 52U ;

7
su<<9>vGIDn52PRED

( 2
-
02130
_
' '
' , '
NO>79JDPR5FC=<p<9>vGIDF< }V=PR<9>R8 52U ;A=
< \<9>8:;=C=<9V$<9;=C=8:<9;HGQ<pC=<
7 0BfHDA=R52J:5FBDA=<9CBDC=5
<9;
JDn8:;HGQ<9x2PQD798 52U ;1 =52PQVD 0=JD>\7952EFV$52;=<9;HGQ<9>
< <9>vGID;jCBDCBD>\V$52P@JDhEF8:>REDp< }V=PR<9>R8 52U 4; 0

_ ' ' ' , '

021ZY!

021 M
_
' '
' , '
465GIDEF52>aA=<JD>w8:;HGQ<9x2PQDJ:<9>a<9;HGQPR<VBDPR<9;HGQ<9>R8:>@79ABDC=PQDC=52>w>R52;DEhiBD>w;A=JD> -c~Dh8:;HGQ<9x2PQDJ$C=<A=;BD
A=;=798 52U ; D;HGQ8:>R8:E<%U GQPR8:7TDg<9;HGQPR<J U EF83GQ<9>u>R8:E<%U GQPR8:7952>K<9>p>R8:<9EFV=PR<79<9PRB5 0 V$52PKJ:5WGID;HGQB5 0 |<9;
GQ5C=5<9Je<9>RVBD798:5=1 c~D =UA ;=8:7TDh7952EFV$52;=<9;HGQ<K;=5F;A=JDn<9> 0BJDh79ABDJeC=<9V$<9;=C=< " <9;V=PR8:;=798:V=8:5 " >B52U J:5nC=<
0

021 _
_
' '
' , '
`wDEhi=8D;=C=5FDn79552PRC=<9;BDCBD>@V$52JDPR<9>\<9;<9JeV=JD;=5 GQ<9;=<9EF52>
'
T
-
021Z!k
_
'
' , '
0"Y

<9>vGID=UA J3GQ8:EDL8:;HGQ<9x2PQDJ<9>\DU 798:JC=<K<%DJ:ABDP0}fHDA=<

'
' '7
'
' , '
J:A=<9x25
!
O Y ' '
' ' / Y
/ 0 / Y
/ 0 / Y

/

576 6

:<G RA ; K D K C ? J

us <%GQ<9PREF8:;BDPK<9J-7TDEFV$5<9J%<9U 7%GQPR8:795C=<9i=8:C=5DA=; JDEhi=PR<8:;}SB;=83GQ5B0~7952; C=<9;=>R8:CBDC C=<F7TDPRxHD A=;=8 "

52PREF<aV$52P\A=;=8:CBDCWC=<KJ:52;=x283GQA=C1
densidad 0
P(x,y,z)
r
O
? 8:x2A=PQD021Zk OJDEhi=PR<8:;}SB;=83GQ5B0}7952;C=<9;=>R8:CBDCC=<K7TDPRxHDnJ:8:;=<TDJ
- T1
-<TDEF52>V=PR8:EF<9PR5^J:5A=< ;=52>C=8:79< JD>R8:EF<%GQPT U DC=<9JpV=PR52i=J:<9ED}1 465GIDEF52>A=< BDTf>R8:EF<%GQPT U D
798:J U ;=C=PR8:7TDGQ5C=52>J:52>nV=A=;HGQ52>FA=<>R<<9;=79A=<9;HGQPQD;+DbJDEF8:>REDC=8:>vGID;=798DC=<9J6DJDEhi=PR<g>R52;<9A=83 "
DJ:<9;HGQ<9>91O[];HGQPR5C=A 97TDEF52>-A=;F>R8:>vGQ<9EDC=<@79552PRC=<9;BDCBD> 79A}f25L<]R<
79528:;=798:CBD7952;F<9JDJDEhi=PR<U02<9;HGQ52;=79<9>
>QDGQ8:>v)D79
<
8K<9>6V$<9PRV$<9;=C=8:79A=JDP\DJe<]R<
1
8:8<9>68:;=C=<9V$<9;=C=8:<9;HGQ<KC=<
1
8:8:8u<9>68:;=C=<9V$<9;=C=8:<9;HGQ<KC=<9JLDU ;=x2A=J:5nC=<KPR5GID798 52U ;W<9;WGQ52PR;=5FDJ<]R<
DU ;=x2A=J:5 ! 1
l52PpJ:5GID;HGQB5 0 ! p 1 -<9PR<9EF52>p7952EF5>R<2<9PR83SB7TD; 7TDCBDA=;BDjC=<<9>vGID>nV=PR52V=8:<9CBDC=<9>91
NO>R79PR8:iBDEF52>@<9Je7TDEFV$5n<9;JDh52PREDh8:;HGQ<9x2PQDJ7952PRPR<9>RV$52;=C=8:<9;HGQ<
! 2
7
7 7 O
021 r
_ / ! / ,
C=52;=C=<hJ:52>6J U EF83GQ<9>\C=<p8:;HGQ<9x2PQD798 52U ;>R52; TDC=<9E+DU > >R<hBDF>QD7TDC=5A=<9PQDC=<pJDF8:;HGQ<9x2PQDWJ 0BC=<9i=8:C=5
DjA=<<9>hA=;BD7952;=>vGID;HGQ<1ce52>K2<97%GQ52PR<9> g f 0A=<8:;=C=8:7TD; JDV$52>R8:798 52U ; C=<9J 52i=>R<9PvDC=52PLf C=<J:52>
V=A=;HGQ52>6C=<KJDpA=<9;HGQ<L>R52;

(

(
021Z!

4

0M

NOJe7TDEFV$5n<9J%<9U 7%GQPR8:795>R<KV=A=<9C=<L<9>R79PR8:i=8:P\7952EF5

7 7
_ 2
' '
' , '

2

3
(

021 z
'
'

' , '
c~Dj>R<9x2A=;=CBD8:;HGQ<9x2PQDJ >R<WD;A=JDV-T EF8:<9;HGQPQD>pA=<gJDjV=PR8:EF<9PQD>R<g<%DJBUA D7952; )D798:J:8:CBDC4T <9;<%<97%GQ5B0
BDxHDEF52>\<9Je7TDEhi=8:5nC=<DPR8Di=J:<uC=<K8:;HGQ<9x2PQD798 52U ;

"
7
C=52;=C=<
<9>@SR5<9;JDh8:;HGQ<9x2PQD798 52U ;gf <9>6JDhC=8:>vGID;=798DnC=<9JeV=A=;HGQ5FC=<K52i=>R<9PvD798 52U ;jDJeDJDEhi=PR<U0

' ' '
l52PJ:5 GID;HGQ5 GQ<9;=<9EF528> K ' 0@DC=<9E+DU > ' 'b ' ' 1 ce52>J U EF83GQ<9>C=<
8:;HGQ<9x2PQD798 52U ;W>R52; (
2Y 0=7952EF5
>R<2<9PR83SB7TDnDU 798:J:EF<9;HGQ<1-à52;W GQ5
C=5<9
>vGQB5 0BJDn8:;HGQ<9x2PQDJ>R<K7952;H8:<9PvGQ<K<9;
!
O _
Y ' Y
576 6 9S;>A G J I :8C G

su<%GQ<9PREF8:;=<9EF52><9JH7TDEFV$5\<9J%<9U 7%GQPR8:795\C=<9i=8:C=56D\A=;BD\<9>v<9PQD@C=<-PQDC=8:5 "0 7952;LC=<9;=>R8:CBDCKC=<-7TDPRxHD\A=;=8352PREF<

1
z
r
d = |r - r |
r
O
? 8:x2A=PQD021 r-NO>v<9PQD>B52U J:8:CBDV0}C=<KPQDC=8:5 0=7952;C=<9;=>R8:CBDCC=<K7TDPRxHDnA=;=8352PREF<

7 7
O T1
lDPQD7TDJ:79A=JDP@<9J7TDEFV$5F<9J%<9U 7%GQPR8:795<9;A=;V=A=;HGQ5WDPRi=83GQPQDPR8:5B0DFA=;BDC=8:>vGID;=798DFFC=<9J79<9;HGQPR5gC=<pJD
<9>v<9PQVD 052i=>R<9PvDEF52>A=<nV$52P6>R8:EF<%GQPT U DF<9J7TDEFV$5<9J%<9U 7%GQPR8:795C=<9i$<h>R<9P 3 PQDC=8DJ 3 0<9>uC=<9798:P 0 >RAC=8:PR<979798 52U ;
C=<9i$<679528:;=798:C=8:PO7952;FJDC=<6JDPR<97%GIDLA=<6VBD>QDLV$52P-<9JB52PR8:x2<9;fn<9JV=A=;HGQ5pC=<652i=>R<9PvD798 52U 4; TDC=<9E+DU > 0C=<9i$<
C=<9V$<9;=C=<9PL>B52U J:5WC=<nf;=5WC=<>RA C=8:PR<979798 52U ; ! 1Fà52EF5g<9JOV=A=;HGQ5C=<n52i=>R<9PvD798 52U ; <9>SRB5 0eJ:JDEF<9EF52>
<]R<
DJA=<L79528:;=798:C=<7952;WJDnC=8:PR<979798 52U ;D;HGQ<9>@EF<9;=798:52;BDCBVD 0=V$52P\J:5hGID;HGQB5 0
K ( 7

(
021
[];HGQPR5C=A=798:<9;=C=5F79552PRC=<9;BDCBD>@<9>v <9U PR8:7TD>\GQ<9;=<9EF52>
x
0T_

B >R8:; 7952>
} >R8:; >R8:;
BI7952> 1
C=52;=C=U< 0~| VBDPQDJ:52>uV=A=;HGQ52>C=<nJDC=8:>vGQPR8:i=A=798 52U ;jC=<n7TDPRxHD}1Ll5C=<9EF52>u<9>R79PR8:i=8:PGIDEhi=8%<9U ;
=I>R8:; I7952> ( 1 à52;WGQ5C=5<9>vGQ5GQ<9;=<9EF52>
' 7952> ! ( I>R8:; ' >R8:; H

_
' ' Y 7952> ! , '
"ui=>R<9PvDEF52>@C=<K8:;=EF<9C=8DGQ5hA=<KBDTfWC=52>@8:;HGQ<9x2PQDJ:<9>aGQPR838DJ:<9>
'

' (

DC=<9E+DU >
|7
Y ( 7
02130 |
Y ( ' 79 52' > ! Y ' >R798:; 52> ! ,H '

ON >vGID =UA J3GQ8:ED8:;HGQ<9x2PQDJO<9>LA=; V$5795C=83v U 798:JW$0 fbPR<9A=8:<9PR<FC=<A=; 3 GQPRA=795 3 VBDPQDWPR<9>R52J32<9PRJD}1465GIDEF52>
A=<

J:A=<9x25hGQ<9;=<9EF52>
7952> ! ' ' Y 7952> ! , ' H ' ' Y 7952> ! '7
Y ( H ' ' Y 7952> ! ' ' >R8:;H
c~D8:;HGQ<9x2PQDJBD;=x2A=JDP >R<@BD79<\DU 798:J:EF<9;HGQ<\D=52PQDVH0 <9JBPR<9>RA=J3GIDC=5KSB;BDJ=<9> J:52>OC=<%GIDJ:J:<9>O>R<@C=<]QD;F7952EF5
<]R<9PR798:798:5 1
!M R> 8{
_ 5 I ' R> 8{
0213020
o<C=<]QDn7952EF5n<]R<9PR798:798:5n7TDJ:79A=JDPa<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795nV=PR5C=A=798:C=5nV$52PwA=;BDn>RA=V$<9PvSB798:<K<9>v <9U PR8:7TDn7952;

7TDPRxHDuA=;=8352PREF<9EF<9;HGQ<wC=8:>vGQPR8:i=Ae U CBD6>R52i=PR<\>RA>RA=V$<9PvSB798:<U0A=>QD;=C=5K<9J=EF8:>REF5E<%U GQ5C=5uA=<@<9;<9J}<]R<9EFV=J:5
D;HGQ<9PR8:52P91
6;BD7952;=79J:A=>R8 52U ;8:EFV$52PvGID;HGQ<<9>FA=U< 0 VBDPQDA=;BDbC=8:>vGQPR8:i=A=798 52U ; C=<W7TDPRxHD7952;7TDPRxHDGQ5GIDJaSB;=83GID
5 0-<9Jw7TDEFV$5<9J%<9U 7%GQPR8:795bDx2PQD;=C=<9>nC=8:>vGID;=798D>hC=<JDjC=8:>vGQPR8:i=A=798 52U ; C=<g7TDPRxHD<9>n7952EF5<9Ja7TDEFV$5C=<
A=;BD7TDPRxHDWV=A=;HGQABDJ C=<FEDx2;=83GQA=C 5 0E+DU >LDJ:x2A=;BD>K7952PRPR<979798:52;=<9> T >R8-J:JDEDEF52> DJ GIDE2D ;=1 5gC=<FJD
C=8:>vGQPR8:i=A=798 52U
; JD 952;BDnC=52;=C=<L< }8:>vGQ<K7TDPRxHD S0=<9;HGQ52;=79<9>
#

4

0"k

! _ 5 I ' 7 VBDPQDy

02130"Y!
o 8 JDW7TDPRxHDgGQ5GIDJ-C=<JDgC=8:>vGQPR8:i=A=798 52U ; <9>p8:;}SB;=83GIDV0~7952EF5<9J 7TD>R5jC=<A=; =V JD;=58:;}SB;=83GQ5B0<9;HGQ52;=79<9>h<9J
PR<9>RA=J3GIDC=5D;HGQ<9PR8:52P\;=5<9>\wDU J:8:C=5=1

!
R(*!' #" (*)
/ "! ,4
sDCBD@A=;BD\C=8:>vGQPR8:i=A=798 52U ;KC=<-7TDPRxHD> 0<9;p7TDCBD\V=A=;HGQ5C=<9JH<9>RVBD798:56< }8:>vGQ< A=;L7TDEFV$5@<9J%<9U 7%GQPR8:795=1su<%SB;=8:EF52>

JD>\J U ;=<TD>wC=<7TDEFV$5n<9J%<9U 7%GQPR8:795n7952EF5DA=<9J:JD>\J U ;=<TD>w79A}fHDnGID;=x2<9;HGQ<<9>@VBDPQDJ:<9JDhDJ7TDEFV$5n<9J%<9U 7%GQPR8:795
<9;j7TDCBDnV=A=;HGQ5=1

? 8:x2A=PQD021Z -c- U ;=<TD>\C=<K7TDEFV$5<9J%<9U 7%GQPR8:795B0=<9;HGQPR<KC=52>@7TDPRxHD>@C=<K>R8:x2;=552V=A=<9>vGQ5=1

su<6D79A=<9PRC=5hDK<9>vGIDLC=<%SB;=8:798 52U ;40>R8
O <9> <9JB2<97%GQ52P-GID;=x2<9;HGQ<uDKJDJ U ;=<TDC=<67TDEFV$5B0<9;HGQ52;=79<9>a>R<@GQ8:<9;=<
a
2<97%GQ52P6GID;=x2<9;HGQ<pDA=;BDF79A=PvDCBDCBVD 0 <9>JDnJ:52;=x283GQA=CgC=<pDPR795 1wc~DC=<%SB;=8:798 52U ;;=52>6C=8:79<
A=<
!

02130

/ ! /
à52EF5\<]R<9EFV=J:5\>R8:EFV=J:U< 0T7TDJ:79A=J:<9EF52>JD>J U ;=<TD>C=<-7TDEFV$5\<9J%<9U 7%GQPR8:795\C=<-A=;BD\7TDPRxHDwV=A=;HGQABDJHV$52>R83GQ83VD 0
0* BJ:57TDJ:8 TDCBDL<9;<9Je52PR8:x2<9;WC=<K79552PRC=<9;BDCBD>9 1aà52EF5 <9>@VBDPQDJ:<9J:5nD - 0=<9;HGQ52;=79<9>

NO>vGIDF<979ABD798 52U ;W>R<KV=A=<9C=<L<9>R79PR8:i=8:P\7952EF5

7
021Z!Y
J:579ABDJeCBD

7
7
021 M

A=<n>R<h8:;HGQ<9x2PQD;DU 798:J:EF<9;HGQU< 0$CBD;=C=5 W

0

'
0
VBDPQDFDJ:52PR<9>uDPRi=83GQPQDPR8:52>6C=< f ' 1Kl52P
J:5GID;HGQ5B0JDW>R52J:A=798 52U ; <9;=7952;HGQPQDCBDj7952PRPR<9V$52;=C=<gDA=;BD)DEF8:J:8DC=<PR<97%GID>pA=<VBD>QD; V$52PL<9J 52PR8:x2<9;40
C=52;=C=<L<9>vGDU A=i=8:7TDCBDnJDh7TDPRxHDnV=A=;HGQABDJ~<9;79A=<9>vGQ8 52U ;1
&
0r

sDC=5A=<gJD>pJ U ;=<TD>pC=<7TDEFV$5;=5GQ8:<9;=<9;A=;BDC=8:PR<979798 52U ; V=PR52V=8VD 0 V$52Ph<]R<9EFV=J:5B0 JD>pJ U ;=<TD>pC=<

7TDEFV$5PR<9798%<9U ;7TDJ:79A=JDCBD>g>R52;JD>gEF8:>RED>8:;=C=<9V$<9;=C=8:<9;HGQ<bC=<9JK>R8:x2;=5C=<bJD 7TDPRxHDV0u>R< DC=52V}GIDJD
7952;H2<9;=798 52U ;A=< 3 JD>FJ U ;=<TD>FC=<j7TDEFV$5 >QDJ:<9;+C=<jJD>F7TDPRxHD>V$52>R83GQ83D>fGQ<9PREF8:;BD;^<9;+JD>F7TDPRxHD>
;=<9xHDGQ83D> 3 1

R H ")+( ' N(*$&!.!

# / $ >

/ "! ,4
NOJ7952;=79<9V}GQ5nC=< BA"R5pGQ8:<9;=RAW52PR8:x2<9;<9;gV=PR52i=J:<9ED>aC=<uEF<97eDU ;=8:7TDpC=< BA=8:C=52>0=7952EF5hA=;BDhED;=<9PQDpC=<

79ABD;HGQ83SB7TDPpJDW7TD;HGQ8:CBDC C=<(BA=8:C=5A=<>QDJ:<5j<9;HGQPQDjV$52PLA=;BDC=<%GQ<9PREF8:;BDCBD>RA=V$<9PvSB798:<V$52PLA=;=8:CBDC
C=<LGQ8:<9EFV$5=1\NO;j<9J:<97%GQPR52>vGDU GQ8:7TDF<9J BA"R5;=5EF8:C=<K;BDCBD 3 EDGQ<9PR8DJ 3 T=>R8:;j<9EhiBDPRx25B0>R<pV=A=<9C=<p8:EDx28:;BDP
A=<g>R<gEF8:C=<F<9J BA"R5C=<A=; 3 BA=8:C=5<9J%<9U 7%GQPR8:795 3 1 DTf A=<GQ<9;=<9Pn79A=8:CBDC=5C=<;=5J:J:<%DPLJDD;BDJ:52xB U D
C=<9ED>R8DC=5J:83GQ<9PQDJ:EF<9;HGQ<1Kà52;b<9>vGID>QDJ32<9CBD4C 0eC=<%SB;=8:EF52>u<9J BA"R5gC=<9J 7TDEFV$5<9J%<9U 7%GQPR8:795gDGQPQDT-<9U >KC=<
A=;BD>RA=V$<9PvSB798:< 7952EF5

! +
02130
4652PREDJ:EF<9;HGQU< 0<9>O8:;HGQ<9PR<9>QD;HGQ<@7952;=>R8:C=<9PQDPO>R52J:5 BA"R52>O<9J%<9U 7%GQPR8:7952>ODuGQPQDT-<9U >OC=<\>RA=V$<9PvSB798:<9>-79<9PRPQDCBD>91
465GQ<9EF52>@JDh>R8:x2A=8:<9;HGQ<V=PR52V=8:<9CBDCC=<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795C=<KA=;BD7TDPRxHDnV=A=;HGQABDJ
!
O | 7 VBDPQD |
021Z!Y
NO>vGIDV=PR52V=8:<9CBDCb>R<FC=<9EhA=<9>vGQPQDWEhA}fDU 798:J:EF<9;HGQ<nV$52PC=83<9PR<9;=798D798 52U ;1NO; <%<97%GQB5 0<9JO7TDEFV$5WC=<A=;BD
7TDPRxHDV=A=;HGQABDJe<9>
5
-
_ I ,

`wDJ:79A=J:<9EF52>\JDhC=832<9PRx2<9;=798DC=< S0

-

NO;jC=<%GIDJ:J:U< 0}>R<GQ8:<9;=<

_ 5
, O _ 5 , M
'

5

5
-
, M '

_ ,
_

_ 5
, - _ 5 , M
'
021 M

>RA=ED;=C=5GQ<9;=<9EF52>

- _ 5 )M , M
' '
' -| 7 H
|
021 _
à52;=>R8:C=<9PR<9EF52>6D=52PQDnA=;BDn>RA=V$<9PvSB798:<L79<9PRPQDCBD 0}fg7TDJ:79A=J:<9EF52>w<9J B A"R5FC=<
O
! 7
DnGQPQDT-<9U >@C=< 0
021Zk!

0"
>R<9xw=UA ;<9Je<952PR<9EDnC=<KJDsu832<9PRx2<9;=798DV0}GQ<9;=<9EF52>

!
! 2 7 7
C=52;=C=< 7+<9>\<9J252J=UA EF<9;J:8:EF83GIDC=5V$52P w1-l52PaJ:5pGID;HGQ5B0}>R8$;=5nBDTf;=8:;=x2A=;BDp7TDPRxHDpV=A=;HGQABDJ <9; 7 S0
<9;HGQ52;=79<9><9J BA"R5FDnGQPQDT-<9U >@C=< <9>@79<9PRB5 0BV$52PRA=<
O
!
! 2 7+ 4| 7+|
<9>vGQ<6=<97I=5L;=52>-V$<9PREF83GQ<wC=<9798:POA=<@<9J BA"R5LDuGQPQDT-<9U > C=<\JDu>RA=V$<9PvSB798:<@A=<6<9;=798:<9PRPQDKDJDu7TDPRxHDuV=A=;HGQABDJ
C=<LJDp52PREDnC=<KJDn>RA=V$<9PvSB798:U< TV$52P\J:5nGID;HGQ5FV$5C=<9EF52>\A=>QDP@79ABDJ:A=8:<9P\>RA=V$<9PvSB798:<
*VBD<9PQ>6D8:;=7TDC=J:<979V$A=<9JD;=PRC=J:8:5=<91;HGQ<K52EF
<9EF52>w<9;HGQ52;=79<9>A=;BDn>RA=V$<9PvSB798:<L<9>v <9U PR8:7TVD 0
O
!

_ 5 Q , 7
C=52;=C=<D=52PQD <9> <9JB<9J:<9EF<9;HGQ5LC=<DU PR<TDKC=<6A=;BDK<9>v<9PQDLC=<6PQDC=8:5 A=<7952;HGQ8:<9;=<6DKJD7TDPRxHDKV=A=;HGQABDJ

fgA=<L<9J:<9x28:EF52>w7952;=79<9;HGQPR8:7TD S0
' >R8:;
H
7952;J:5A=<K>R<L52i}GQ8:<9;=U< 0=A=<L<9J BA"R5<9>@8:;=C=<9V$<9;=C=8:<9;HGQ<LC=<KJDh>RA=V$<9PvSB798:<U0BfGQ8:<9;=<<9JDJ:52P
O
*

#T ' ~! " <9J BA"R5LC=<9J7TDEFV$5L<9J%<9U 7%GQPR8:795 " <9>a8:;=C=<9V$<9;=C=8:<9;HGQ<6C=<6JD>RA=V$<9PvSB798:<A=>QDCBDLVBDPQD
7TDJ:79A=JDPRJ:B5 0fDJ:<

* 7 >R8 * 7

|>R8 7 o
021 r
*~ ' )
( ' H($&!
* o8$>R<6GQ8:<9;=<A=;7952;"RA=;HGQ5hC=<7TDPRxHD>aV=A=;HGQABDJ:<9> 0}<9;HGQ52;=79<9> 0BV$52P <9J$V=PR8:;=798:V=8:5LC=<
>RA=V$<9PRV$52>R8:798 52U 4; 0 5 O * & * ' *$# f

O 7TDPRxHDGQ5GIDJ

\
5

021Z!
lDPQDA=;BDC=8:>vGQPR8:i=A=798 52U ;gC=<K7TDPRxHD>@79ABDJ:A=8:<9PQDV0GQ<9;=<9EF52>

5 O
021 z
*
o8JDC=8:>vGQPRi=A=798 52U ;<9>u<9;252J=UA EF<94; 0 ! S0 GQ<9;=<9EF52> 5 @ ! 2 7R0V$52PJ:5GID;HGQ5GQ<9;=<9EF52>u<9J
<952PR<9EDC=<pKDA=>R>

!
0 ! 2 7
021
465GQ<9EF52>\A=<LJDh>RA=V$<9PvSB798:< <9>@7952EFV=J:<%GIDEF<9;}GQ<DPRi=83GQPQDPR8DLf 0DC=<9E+DU >0BA=<KV$5C=<9EF52>\<9>R79PR8:i=8:P

!
! 2 7^ 0 ! 2 7 7
0z

5i=8:<9;

0 ! 2 7+ | 7

A=<L7952;=C=A=79<pDnJD 3 52PREDhC=83<9PR<9;=798DJC=<KJDhJ:<%fgC=<pKDA=>R> 3 0
0 !
-

!
02130 |
~c D>O< }V=PR<9>R8:52;=<9>6021 ufg02130 |u>R52;F<9A=83DJ:<9;HGQ<9>TDEhiBD>O>R52;wDU J:8:CBD> <9;Fx2<9;=<9PQDJ 1 c~Du52PREDu8:;HGQ<9x2PQDJ

C=<9J~<952PR<9EDC=<hKDA=>R>@<9> }UA GQ8:JW0}<9;jDJ:x2A=;=52>@7TD>R52>0VBDPQD7TDJ:79A=JDPw<9J~7TDEFV$5<9J%<9U 7%GQPR8:795BTB>R8:;<9EhiBDPRx25B0
<9U >vGIDh<9>\ED>wi=8:<9;gJDp< }79<9V$798 52U ;40=fHDhA=<K>R<PR<9A=8:<9PR<A=<<9JV=PR52i=J:<9EDpDpGQPQDGIDPaGQ<9;=xHDhx2PQD;g>R8:EF<%GQPT U DV0
7952EF5JD>\A=<L7952;=>R8:C=<9PQDPR<9EF52>@Dn7952;HGQ8:;ABD798 52U ;1
6;BD52i=>R<9PvD798 52U ;8:EFV$52PvGID;HGQ<<9>A=<W<9JwGQ<952PR<9EDC=<jKDA=>R>C=<9V$<9;=C=<<9;52PRED79PRA=798DJw<9;<9J
=<97I=5A=<L<9Je< }V$52;=<9;HGQ<L<9;JDnce<%fWC=<pà52A=J:52Ehig>R<TDF< =D7%GIDEF<9;HGQ< 3 Y 3 0=fg;=5FDJ:x25nC=83<9PR<9;HGQ<1

576 685
GHA 7G M"K ? G :; K
576 6
G V=GHA G ; ;>I A2C<=G

à52;=>R8:C=<9PR<9EF52>pA=;BD>RA=V$<9PvSB798:<<9>v <9U PR8:7TDC=<FPQDC=8:5 0A=<<9;=798:<9PRPQDjDWJDW7TDPRxHDWfGQ8:<9;=<F>RA 79<9;HGQPR5<9;

JDjV$52>R8:798 52U ; C=<JDj7TDPRxHD 1 NOJwV=PR52i=J:<9EDWGQ8:<9;=<>R8:EF<%GQPT U D<9>v <9U PR8:7TDV0O<9>nC=<9798:P0O<9Jw7TDEFV$5<9J%<9U 7%GQPR8:795
C=<9V$<9;=C=R52J:5nC=<Kpfg<9>vGDU C=8:PR8:x28:C=5hPQDC=8DJ:EF<9;HGQ<

- !
NOJ BA"RB5 0HDuGQPQDT-<9U >OC=<\JDu<9>v<9PQDC=<\PQDC=8:5u 0HC=<\A=;n7TDEFV$5A=<\>QDGQ8:>v)D79<\JD> 7952;=C=8:798:52;=<9>OD;HGQ<9PR8:52PR<9>
<9> -_ e- ' ! .0J:5679ABDJC=<9i$<a>R<9P8:x2ABDJD6JD\7TDPRxHD6<9;=79<9PRPQDCBDV$52P~JD@<9>v<9PQD6C=<aPQDC=8:5@P C=838:C=8:CBD
V$52P S0BJ:A=<9x25
_ e ' ! - * 7

SB;BDJ:EF<9;HGQ<
!
- _ * I '
NO>vGQ<PR<9>RA=J3GIDC=5b<9PQDfHDb7952;=5798:C=5bV$52Pn;=52>R5GQPR52> 0aV$<9PR5b<9>Fi=A=<9;=5b2<9PF7952EF5b>R<W52i}GQ8:<9;=<W7952;JD>
;A=<%D>6=<9PRPQDEF8:<9;HGID>@D;A=<9>vGQPQDC=8:>RV$52>R8:798 52U ;1
o <GQ8:<9;=<6A=;BDp7eDU >R7TDPQDp<9>v <9U PR8:7TD A=<97TD -C=<uPQDC=8:5 07952;7TDPRxHDpC=8:>vGQPR8:i=Ae U CBDA=;=8352PREF<9EF<9;HGQ<6>R52i=PRRA

>RA=V$<9PvSB798:<L7952;C=<9;=>R8:CBDC 1
NOJ~7TDEFV$5nGQ8:<9;=<L>R8:EF<%GQPT U Dh<9>v <9U PR8:7TDV0V$52P6J:5nGID;HGQ5B0$DJe8:x2ABDJeA=<L<9;j<9J~<]R<9EFV=J:5D;HGQ<9PR8:52P0=GQ<9;=<9EF52>
!
F ! 0 V$52PhJ:5GID;HGQB5 0-GQ52ED;=C=5A=;BD>RA=V$<9PvSB798:<WxHDA=>R>R8D;BDC=<gPQDC=8:5 0->R<gGQ8:<9;=< F
_e- ' ! 1 DTfgC=52>@7TD>R52>6A=<K7952;=>R8:C=<9PQDP 0BA=<L>R52; )D a f i a 1
D glDPQD5 1-NO;<9>vGQ<L7TD>RB5 0BJDn7TDPRxHDn<9;<9Je8:;HGQ<9PR8:52PwC=<KJDh>RA=V$<9PvSB798:<LxHDA=>R>R8D;BDn<9>@79<9PRB5 0BJ:A=<9x25
!
O |yVBDPQD5

0
' "0}JDL7TDPRxHDKGQ5GIDJ$C=<9J$7TD>RA=<%GQvGQ<u7TD>R5B0}JDK7TDPRxHDp<9;=79<9PRPQDCBDh<9> 5 _

<9>v <9U PR8:795B0BJ:A=<9x25
!
- _ 5 I ' VBDPQD
NOJPR<9>RA=J3GIDC=5>R52PRV=PR<9;=C=<9;HGQ<DAe U <9>A=<h<9J7TDEFV$5<9;<9J8:;HGQ<9PR8:52P@C=<9J7TD>RA=<%GQ<n<9>v <9U PR8:795<9>u79<9PR5=1
6;BD+7TDPRxHD^V=A=;HGQABDJp7952J:57TDCBD^C=<9;HGQPR5 C=<9Jp7TD>RA=<%GQ<;=5 < }V$<9PR8:EF<9;HGIDPBDU A=<9P TD+<9J%<9U 7%GQPR8:7TD^DJ:x2A=;BD
A=<9P TD79<9PR5 S0B<9;79ABDJ:A=8:<9P\VBDPvGQ<KC=<9Je8:;HGQ<9PR8:52PwA=<L>R<K<9;=79A=<9;HGQPR< ;=5>B52U J:5<9;<9Je79<9;HGQPR5 1

576 6 G MOJ ; "K :<G RA ; K D K C ? J

o<6GQ8:<9;=<6A=;gDJDEhi=PR<@EhA}fJDPRx25L7952;7TDPRxHD A=;=8352PREF< V$52P-A=;=8:CBDCC=<J:52;=x283GQA=C1 su<%GQ<9PREF8:;=<9EF52>

<9Je7TDEFV$5<9J%<9U 7%GQPR8:795A=>QD;=C=5F<9JGQ<952PR<9EDnC=<pKDA=>R>91
NO;nV=PR8:EF<9PJ:A=xHDP 0JD6>R8:EF<%GQPT U D6C=<9J}V=PR52i=J:<9ED68:;=C=8:7TD6A=<\A=>R<9EF52> 79552PRC=<9;BDCBD> 798:J U ;=C=PR8:7TD>07952;n<]R<
C=<\>R8:EF<%GQPT U D679528:;=798:C=<9;HGQ<w7952;n<9J}<]R< C=<\JD>79552PRC=<9;BDCBD>0fhJ:JDEF<9EF52>~K ' ' JDC=8:>vGID;=798DC=<
A=;V=A=;HGQ5DJ<]R<
0 K A=;2<97%GQ52PwA=;=83
GIDPR8:5L79A}fHDpC=8:PR<979798 52U ;FDpC=<9>RC=<u<9J$<]R<
DJ$
V=A=;HGQ5hC=<52i=>R<9PvD798 52U ;1
à52;<9>vGQB5 0<9Je7TDEFV$5n>R<K< }V=PR<9>QD<9;JDp52PRED
!
O !
à52;=>R8:C=<9PQDEF52>A=;BDg>RA=V$<9PvSB798:<xHDA=>R8D;BD 0e7952;=>R8:>vGQ<9;HGQ<<9; A=;b798:J:8:;=C=PR5C=<DJ3GQA=PQDfPQDC=8:5 0
795HD }8DJ7952;<9J~DJDEhi=PR<1ONO;HGQ52;=79<9> 0$<9J BA"R5C=<9Je7TDEFV$5<9J%<9U 7%GQPR8:795<9>

Y e !
7
A=<LC=<9i$<K>R<9P68:x2ABDJDnJDn7TDPRxHDhGQ5GIDJ<9;=79<9PRPQDCBDV$52P\JDn>RA=V$<9PvSB798:U< 0 5 - 1-NO;HGQ52;=79<9>6GQ<9;=<9EF52>

576 6

Y e
!O
:<G KRJ C K D K C ? J
6;pV=JD;=568:;}SB;=83GQ5B"0 7952;L7TDPRxHD A=;=8352PREF< 1su<%GQ<9PREF8:;=<9EF52>e<9J7TDEFV$5@<9J%<9U 7%GQPR8:795B0A=>QD;=C=5<9JHGQ<952PR<9ED
C=<KDA=>R>91nà52EF<9; TDEF52>u7952;=>R8:C=<9PQD;=C=5WJD>R8:EF<%GQPT U DC=<9J V=PR52i=J:<9EDV0 A=<8:;=C=8:7TDA=<C=<9i$<9EF52>A=>QDP
79552PRC=<9;BDCBD>7TDPvGQ<9>R8D;BD>91 D79<9EF52>679528:;=798:C=8:P\<9JV=JD;=5F79552PRC=<9;BDC=5
W7952;j<9J~V=JD;=5F7TDPRxHDC=5B0Bf
<9>6<9Je<]R<KV$<9PRV$<9;=C=8:79A=JDP@DJV=JD;=5=1ONO;HGQ52;=79<9>$0 <9Je7TDEFV$5C=<9i$<GQ<9;=<9P@JDh52PRED
! O
(
su<K<9>vGIDED;=<9PQDV=0 <9Je7TDEFV$5n<9>68:;=C=<9V$<9;=C=8:<9;HGQ<KC=<
7 1 C=<9E+DU >B0 C=<9i$<K>R<9PD;HGQ8:>R8:E<%U GQPR8:795B0 <9>@C=<9798:P

6 >QDEF52>u<9;HGQ52;=79<9>A=;BD>RA=V$<9PvSB798:<nxHDA=>R>R8D;BD7952;=>R8:>vGQ<9;HGQ<n<9;bA=;798:J:8:;=C=PR5FC=<DJ3GQA=PQDgY

| S0
7952;WGIDVBD>@<9;
f
0BfgPQDC=8:5 1 NOJ BA"R5<9>

#

Y|
a` 52EF5h=<9EF52>wC=8:7I=5B0}<9J 7TDEFV$5h<9>\V$<9PRV$<9;=C=8:79A=JDPwDJ$ED;HGQ5B0}V$52PaJ:5h79ABDJ <9J BA"R5n7952PRPR<9>RV$52;=C=8:<9;HGQ<u<9>
79<9PRB5 0BEF8:<9;HGQPQD>\A=<L<9J BA"R5>R52i=PR<LJD>aGIDVBD>\DJ:<
' - '

NO;HGQ52;=79<9><9Je7TDEFV$5hGQ8:<9;=<K<9JDJ:52P

7
<9;jA=<KJDpA=;=798 52U ;
- 0L>R8
|hf
- L0K>R8
|}1

H( $ ( >

46 ! (
a` 52;=>R8:C=<9PR<9EF52>FV=PR8:EF<9PR5b<9J@V=PR52i=J:<9EDC=<9J6EF5 8:EF8:<9;HGQ5C=<7TDPRxHD>F<9;^7TDEFV$52><9J%<9U 7%GQPR8:7952><9>vGDU GQ8:7952>

<9J:<97%GQPR52>vGDU GQ8:7952>0LVBDPQD^Di=PR<%8DP 1 52EF<9EF52>jA=;BD^7TDPRxHDGQ<9>vGQ8:x25 <9; V=PR<9>R<9;=798D+C=< A=; 7TDEFV$5
<9J%<9U 7%GQPR8:795 ! 1-su<LD79A=<9PRC=5DnJDh>R<9x2A=;=CBDFJ:<%fC=<L46<\GQ52;j>R<GQ8:<9;=< * EF5 8:EF8:<9;HGQ5h;=5PR<9JDGQ838:>vGID S0
'

*
02130
!
'
à52EF5V=PR52i=J:<9ED C=<EF<97eDU ;=8:7TD <9>vGQ5>R<PR<9C=A=79<bD PR<9>R52J32<9PJD <979ABD798 52U ; 02130 067952; JD>7952;=C=8:798:52;=<9>
8:;=8:798DJ:<9>-DV=PR52V=8DCBD>91 DTf 0}>R8:;F<9EhiBDPRx2B5 0DJ:x2A=;=52>-PR<9>RA=J3GIDC=52>aC=<6x2PQD;>R8:EFV=J:8:798:CBDCpfF<9J:<9xHD;=798VD 0HA=<
>R<79A=EFV=J:<9; iBD R5j798:<9PvGID>K7952;=C=8:798:52;=<9>91gNO; <%<97%GQB5 0>R8-JDW<979ABD798 52U ;02130>R<FEhA=J3GQ8:V=J:8:7TD<9>R7TDJDPREF<9;HGQ<
V$52P
!
S0}fg>R<L8:;HGQ<9x2PQDh<9;HGQPR<
-
f
-
' 0=>R<L52i}GQ8:<9;=<
' !
- !
7
!
!
'
*
!

V$52P\J:5hGID;HGQ5

'
' '

021Z!Y
*
Y
Y
c~D<979ABD798 52U ;W021ZYu;=5L<9>-5GQPQD7952>QDKA=<@<9J=GQ<952PR<9EDC=<@PQDiBD R5fNO;=<9PRxB U VD 0H<9>RV$<9798DJ:8 TDC=5KDuA=<9P TD>
<9J%<9U 7%GQPR8:7TD>91
&
576 685

J C C<; K ? J ; K G MOJ K C J A ;
6;BD 7TDPRxHD V=A=;HGQABDJ7TDPRxHD * fÊD>QD >R<JD; TD 7952;+2<9J:5798:CBDC <9; A=; 7TDEFV$5 <9J%<9U 7%GQPR8:795
A=;=8352PREF< ! F 1su<%GQ<9PREF8:;BDPpJDC=<B< }8 52U ;2<9PvGQ8:7TDJ A=<BD< }V$<9PR8:EF<9;HGIDC=5bC=<9>RV=Aa<9U >C=<
8D QDP\A=;BDC=8:>vGID;=798Dh=52PR8 952;HGIDJ
j1
c~Dw7952EFV$52;=<9;HGQ<-=52PR8 952;HGIDJC=<-JDa2<9J:5798:CBDC;=5@7TDEhi=8DV0 V=A=<9>vGQ56A=<-;=5\BDTfuA=<9P TD@<9;KJDwC=8:PR<979798 52U ;
=52PR8 952;HGIDJW}T V$52P@J:5hGID;HGQ5BB0 JDhVBDPvG U 79A=JDnC=<9EF52PQDnA=;WGQ8:<9EFV$5 <9;PR<97952PRPR<9P@JDnC=8:>vGID;=798D 0=C=52;=C=<

&
&

&

c~D7952EFV$52;=<9;HGQ< C=<KJDh2<9J:5798:CBDCW<9>
O *

1 ON JeC=<9>RV=JD TDEF8:<9;HGQ5n2<9PvGQ8:7TDJe<9>

O
'
Y 7
*

V$52P@J:5hGID;HGQ5B0=<9;
O GQ<9;=<9EF52>

O O * Y ' '

)
S0

576 6

Y0

J ; : J ; J A
7TDPRxHD ! u L0 r10 | \fED>QD a>R<EhA=<%2<<9;WV=PR<9>R<9;=798DnC=<uA=;WV=PR5G52U ; 7TDPRxHD
0 1-su<%GQ<9PREF8:;BDP JDL<9;=<9PRxBU DLGQ5GIDJW0H2<9J:5798:CBDC52PRi=83GIDJBfFEF52EF<9;HGQA=E D;=x2A=JDP
6 ;W<9J:<97%GQPB52U ;
ufED>QD
<9 ;jA=;BD52U PRi=83GIDh798:PR79A=JDP\C=<KPQDC=8:5 1
lOPR52V=A=<9>vGQ5F7952EF5<]R<9PR798:798:5=1O[];H2<9>vGQ8:xHDP@<9JeEF5C=<9J:5DG52U EF8:795hC=<La52=P91
576 6
J ?B; K =>C<G : 9 :<;>=@?BA J ? IG ? C<= J

o}Di$<9EF52> V$52P-EF<97eDU ;=8:7TDLA=<U0 >R8$A=;BDLVBDPvG U 79A=JDL>R<6EhA=<%2<<9;A=;7TDEFV$5LC=<@A=<9P TD>
2 !$*#9 ' "( ' # 0

<9;HGQ52;=79<9>LJD8:;HGQ<9x2PQDJC=<nJ U ;=<TD<9;bJD<979ABD798 52U ;021ZY>QDGQ8:>v)D79<DJ:x2A=;BD>uV=PR52V=8:<9CBDC=<9>8:;HGQ<9PR<9>QD;HGQ<9>0~JD>
79ABDJ:<9>@>R<L79A=EFV=J:<9;W<9;<9Je7TD>R5FC=<KJD>wA=<9P TD>@<9J%<9U 7%GQPR8:7TD>91
8c~D8:;HGQ<9x2PQDJ
!

<9>68:;=C=<9V$<9;=C=8:<9;HGQ<KC=<KJDpGQPQDTf2<97%GQ52PR8DC=<KJDhVBDPvG U 79A=JVD 0}<9>6C=<9798:P 0=;=5FC=<9V$<9;=C=<LC=< K
1
8:8 NOJ PR5GQ52P 3 C=< ! w<9>@>R8:<9EFV=PR<79<9PR5

! - |
8:8:8 c~D8:;HGQ<9x2PQDJC=<KJ U ;=<TD

K | 7
>R52i=PR<LA=;BDhGQPQDTf2<97%GQ52PR8D79<9PRPQDCBD79ABDJ:A=8:<9PQDh<9>6>R8:<9EFV=PR<79<9PR5=1
83 gN }8:>vGQ<LA=;BDhA=;=798 52U ;W<9>R7TDJD
P ! GIDJeA=<
!
O
5CBD>JD6V=PR52V=8:<9CBDC=<9> D;HGQ<9PR8:52PR<9>>R52; ( ' *$ # 1 lDPQD6C=<9EF52>vGQPQDPRJ:B5 07952;=>R8:C=<9PR<9EF52>V=PR8:EF<9PR5
<9Je7TDEFV$5<9J%<9U 7%GQPR8:795C=<KA=;BD7TDPRxHDnV=A=;HGQABDJ * 0B>R83GQABDCBDh<9; K |

- _ * I ,
NO;=7952;HGQPR<9EF52><9JV$5GQ<9;=798DJ 6C=<hA=;BD7TDPRxHDV=A=;HGQABDWJ TVBDPQDJ:579ABDJC=<9i$<9EF52>uPR<9>R52J32<9PuJD><979ABD "
798:52;=<9>
! ! O *

_ I ,

! -

*

_ I ,

! ! O *
021 M

I ,
_

lDPQDWPR<9>R52J32<9PK<9>vGID>L<979ABD798:52;=<9> 052i=>R<9Pv2<9EF52>KA=<

0~DC=<9E+DU > 0
!

, 0ef
>R8:EF8:JDPREF<9;HGQ<VBDPQDnJD>\C=<9PR83DCBD>@PR<9>RV$<97%GQ5D Ff
TV$52P\J:5hGID;HGQ5
- _ * I 7

2Y Y
<9;A=< <9>WA=;BD7952;=>vGID;HGQ<bC=<b8:;HGQ<9x2PQD798 52U ;1 l52PWJ:5 GID;HGQ5 < }8:>vGQ< J:5=<9EF52>g<9;=7952;HGQPQDC=5
< }V=J:8:7983GIDEF<9;HGQ< 1NO>LDU 798:JO2<9PpA=<JD>K5GQPQD>pV=PR52V=8:<9CBDC=<9>p>R52; GIDEhi=8%<9U ; 798:<9PvGID>914652>R5GQPR52>p;=5jJ:5
C=<9EF52>vGQPQDPR<9EF52>0a>R8:;=5 A=<V=PR579<9C=<9PR<9EF52>Db7952;=>vGQPRA=8:P0aA=>QD;=C=5 <9J\V=PR8:;=798:V=8:5C=<>RA=V$<9PRV$52>R8:798 52U ;40a<9J
V$5GQ<9;=798DJVBDPQDA=;BDnC=8:>vGQPR8:i=A=798 52U ;gC=<K7TDPRxHDFDPRi=83GQPQDPR8D}1
o8HGQ<9;=<9EF52>A=;h>R8:>vGQ<9ED@C=<a7TDPRxHD>V=A=;HGQABDJ:<9> * 7 * ' 7 7 * 0A=i=8:7TDCBD><9;hJD>V$52>R8:798:52;=<9>~ 7
0B<9JeV$5GQ<9;=798DJ<9J:<97%GQPR52>vGDU GQ8:795C=<K<9>vGIDC=8:>vGQPR8:i=A=798 52U ;g<9>
! - _ / * ! / _ / * ' / _ / *! /
021 _

'

NO;x2<9;=<9PQDWJ 0=VBDPQDnA=;BDC=8:>vGQPR8:i=A=798 52U ;g79ABDJ:A=8:<9PQVD 0=>R<KC=<9i$<9PBDU >RA=EDP\>R52i=PR<LJDhC=8:>vGQPR8:i=A=798 52U ;
! - _ 0 / ! * / 7
021Zk!
ui=>R<9PvDPA=<JD7952;=>vGID;HGQ< ;=5bA=<9CBD C=<%GQ<9PREF8:;BDCBDV$52PnJDC=<%SB;=8:798 52U ;CBDCBVD 0 V$52PJ:5GID;HGQB5 0
>R<V=A=<9C=<g<9J:<9x28:PLDjx2A=>vGQ5=1NO;EhA=7I=52>h7TD>R52>hA=;BDj<9J:<979798 52U ; 7952;H2<9;=8:<9;HGQ<g<9>pGQ52EDPL<9J V$5GQ<9;=798DJ <9;
7952EF5g79<9PRB5 0J:579ABDJ CBD LX|} 1 DTfA=<n;=5GIDP 0>R8:;<9EhiBDPRx2B5 0A=<nBDTf>R83GQABD798:52;=<9><9;bA=<
;=5b<9>V$52>R8:i=J:<BD79<9PnJD<9J:<979798 52U ;D;HGQ<9PR8:52P Ta<9>vGQ5b579A=PRPR<g<9;798:<9PvGQ52>n7TD>R52> 3 VBDGQ52J 52U x28:7952> 3 0O<9;A=<WJD
C=8:>vGQPR8:i=A=798 52U ;WC=<K7TDPRxHDhGQ8:<9;=<7TDPRxHDhGQ5GIDJ8:;}SB;=83GID}1

"
576 6 G ;4?B; ; ;>I A2C<= J
o <uGQ8:<9;=<A=;W7TD>RA=<%GQ<K<9>v <9U PR8:795C=<PQDC=8:5 0=7952;W7TDPRxHDh>RA=V$<9PvSB798DJ 1-su<%GQ<9PREF8:;BDPa<9JV$5GQ<9;=798DJ

<9J:<97%GQPR52>vGDU GQ8:795<9;WGQ5C=5<9Je<9>RVBD798:5=1
l5C=<9EF52>@7952EF<9; TDP\V$52P\C=<%GQ<9PREF8:;BDP\<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795V$52P\<9JGQ<952PR<9EDnC=<pKDA=>R>0
!
O ! 7
C=52;=C=< ! |WVBDPQDW 0~f 5
_ I- ' S0VBDPQDg 1lDPQDW7TDJ:79A=JDP ! uA=>QDEF52>KJD
C=<%SB;=8:798 52U ;WC=< ! S0
H ! 1 o<L52i}GQ8:<9;=<
! - VBDPQDy5 7 f ! O _ 5 I ' VBDPQDy
[]EFV$52;=<9EF52>FA=<j<9J6V$5GQ<9;=798DJ@>R<TD 79<9PR5 <9;+<9J68:;}SB;=83GQB5 0aJ:A=<9x25bGQ<9;=<9EF52> ' V| T@fA=< ! n>R<TD
7952;HG U ;A=5DJeDGQPQDT2<9>QDP6JDh>RA=V$<9PvSB798:<LK 0=J:5A=<K;=52>@CBD
_ 5
o<aV=A=<9C=<\PR<9>R52J32<9P <9>vGQ<wV=PR52i=J:<9ED6>R8:;pPR<979A=PRPR8:P DJ7952;=5798:EF8:<9;HGQ5V=PR<%8:5uC=<9J7TDEFV$5u<9J%<9U 7%GQPR8:79B5 T2VBDPQD
J:5F79ABDJ>R<pV=A=<9C=<p8:;HGQ<9x2PQDP6C=8:PR<97%GIDEF<9;HGQU< 0A=>QD;=C=5JDn52U PREhA=JDg021Zk16o<pC=<]QDF7952EF5<]R<9PR798:798:52<9PR83SB7TDP
A=<L>R<K52i}GQ8:<9;=<K<9JeEF8:>REF5 ! aV$52P@DEhi$52>\E<%U GQ5C=52>91

576 6

:<G KRJ K D K C ? J
o <KGQ8:<9;=<A=;V=JD;=5n8:;}SB;=83GQ5n7TDPRxHDC=5F7952;W7TDPRxHD 1-NOJeV=JD;=579528:;=798:C=<7952;W<9JeV=JD;=5
$1
NOJ-7TDEFV$5W<9J%<9U 7%GQPR8:795BD>R8:C=57TDJ:79A=JDC=5WV=PR<%8DEF<9;HGQ<FV$52PK8:;HGQ<9x2PQD798 52U ;bC=8:PR<97%GIDV0C=<FED;=<9PQDWA=<
V$5C=<9EF52>\A=>QDP@JDnC=<%SB;=8:798 52U ;40 - R0=A=<L<9;<9>vGQ<L7TD>R5F;=52>\CBD

YM

Y 7
7
Y
+|
|

021 r
NO>vGIDF<979ABD798 52U ;W>R<K8:;HGQ<9x2PQDhDU 798:J:EF<9;HGQ<U0=7952;W<9JePR<9>RA=J3GIDC=5

Y
7
+|
021Z!
Y
' 7
|
c~D>@7952;=>vGID;HGQ<9> f ' C=<9i$<9;j>R<9P\GIDJ:<9>\A=<
8LNOJeV$5GQ<9;=798DJ
w>R<TD7952;HGQ8:;A=5F<9;
V| 0=<9>6C=<9798:P ' 1
8:8
| O | 0BV$52P\<9J:<979798 52U ;WC=<K;=832<9JeC=<KPR<%<9PR<9;=798VD 0BJ:A=<9x25 ' |}1
465GIDP@A=<L;=5FV$5C=<9EF52>\GQ52EDP V| T<9>vGQ5>R<LC=<9i$<pDA=< 7952EF5n2<9PR<9EF52> " JDn7TDPRxHDnGQ5GIDJ
C=<L<9>vGIDC=8:>vGQPR8:i=A=798 52U ;g<9>@8:;}SB;=83GID Oc~DnC=8:>vGQPR8:i=A=798 52U ;g;=5F<9>6D795GIDCBD}1 "
576 6

:<G RA ; ; :<GHA J

su<%GQ<9PREF8:;=<9EF52><9J6V$5GQ<9;=798DJ@V=PR5C=A=798:C=5 V$52PFA=;BD J U ;=<TDbC=<j7TDPRxHD C=<jJDPRx25 Y 0\7952;^7TDPRxHD V$52P

A=;=8:CBDCC=<WJ:52;=x283GQA=C1 52ED;=C=5 7952EF5b<]R<
DJ\A=<79528:;=798:C=<g7952;<9J@DJDEhi=PR<U0Of<9J@52PR8:x2<9;<9;^<9J
79<9;HGQPR5C=<<9U >vGQU< 0BGQ<9;=<9EF52>
- _ ' '
' '

lDPQDPR<TDJ:8 TDPw<9>vGQ<L7 J:U 79A=J:B5 0}BDPR<9EF52>\A=;7TDEhi=8:5>R8:EFV=J:U< 0}V$52;=8:<9;=C=5 g

0<9;HGQ52;=79<9>

- _
' ' ' '
&
lDPQDV=PR52>R<9x2A=8:P0=J:JDEF<9EF52>aK
'
'

0}fgBDxHDEF52>\<9Je7TDEhi=8:5nC=<DPR8Di=J:<
W
2 /
<9;jA=<KJ:52>\J U EF83GQ<9>aC=<K8:;HGQ<9x2PQD798 52U ;g>R52;jD=52PQD f ' 0=<9;A=<

NO;HGQ52;=79<9>@GQ<9;=<9EF52>
2 /
2 / '

7 7
O _

)
)

021 z
_
/ 2

021
2 / 3 /

Y _
lDPQD\52i}GQ<9;=<9P~A=;BD\< }V=PR<9>R8 52U ;SB;BDJW0 7952;H8:<9;=<-52i}GQ<9;=<9Pe< }V=PR<9>R8:52;=<9>VBDPQDwJD> A=;=798:52;=<9>GQPR8:x252;=52E<%U GQPR8:7TD>
C=< f ' 0B<9>vGID>@>R52;

NOJeV$5GQ<9;=798DJ<9>@<9;HGQ52;=79<9>
2 /

2 / '
'
)
' )
'
)

' )
'
02130 |
0213020
02130"Y!
02130 M

_
/ ' ' ))
' ' )

o<KV=PR52V$52;=<K7952EF5<]R<9PR798:798:5<9Je7eDU J:79A=J:5C=<K<9>vGIDF8:;HGQ<9x2PQDJ 1 -<9PR83SBA=<KA=U< 079ABD;=C=5^>R<KBD79<LEhA}f

x2PQD;=C=<U0B<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795<9>@V=PR<9798:>QDEF<9;HGQ<K<9JeC=<KA=;BDnJ U ;=<TDhC=<KJDPRx25n8:;}SB;=83GQ5BT=DC=<9E+DU >0BDnx2PQD;=C=<9>
C=8:>vGID;=798D> " VBDPQD SB;=83GQ5 " <9Jw7TDEFV$5<9>7952EF5<9J\C=<gA=;BD7TDPRxHDV=A=;HGQABDJ " ED>nDJ:x2A=;=52>pG}<9U PREF8:;=52>
7952PRPR<97%GQ83252> " 1

$ (* "! '
!.!
(5&/(*
6<9EF52>\8:>vGQ5nfHDA=<LA=;7TDEFV$5n<9J:<97%GQPR52>vGIDGQ8:795>QDGQ8:>v)D79<KJDh<979ABD798 52U ;
!
7
C=52;=C=< ! w<9>JDnC=8:>vGQPR8:i=A=798 52U ;WC=<L7TDPRxHDF<9;252J=UA EF<9;1wo8~A}GQ8:J:8 TDEF52>w<9J~V$5GQ<9;=798DJe<9J:<97%GQPR52>vGIDGQ8:795F<9;
JDn<979ABD798 52U ;D;HGQ<9PR8:52PwGQ<9;=<9EF52>
' 7
V$52P@J:5hGID;HGQ5B=0 >R<KGQ8:<9;=<JDn<979ABD798 52U ;WC=<Ll528:>R>R52;
' ! -

02130
NO;jJD>wPR<9x28:52;=<9>@<9;A=<K;=5FBDTfg7TDPRxHDn<9J%<9U 7%GQPR8:7TDV=0 >R<L>QDGQ8:>v)D79<JDn<979ABD798 52U ;WC=<Lc~DV=JD79<U0
'
! O |
021ZY!
c~D>6D;HGQ<9PR8:52PR<9>\>R52;<979ABD798:52;=<9>@C=83<9PR<9;=798DJ:<9>w<9;C=<9PR83DCBD>\VBDPR798DJ:<9>=T V$52P\J:5hGID;HGQ5B=0 VBDPQDn>RAPR<9>R52J:A "

&
798 52U ;W>R<LPR<9A=8:<9PR<KC=<K7952;=C=8:798:52;=<9>\C=<Ki$52PRC=<1

"
&'& "! ' '
l DPQDW2<9PpJDW;=<979<9>R8:CBDC C=<F8:EFV$52;=<9PK7952;=C=8:798:52;=<9>LC=<Fi$52PRC=<U0 D>R8-7952EF5<9;HGQ<9;=C=<9Ph<9; AaR8:>vGQ<9;40

7952;=>R8:C=<9PR<9EF52>FA=;^V=PR52i=J:<9EDGQPR838DJ A=;^V=JD;=5b8:;}SB;=83GQ5B0 7TDPRxHDC=5b7952;^C=<9;=>R8:CBDC^C=<7TDPRxHD 0wV$52P
A=;=8:CBDCC=<K>RA=V$<9PvSB798:<1

Y2k

z
n
P(x,y)
? 8:x2A=PQD021 z-lOJD;=58:;}SB;=83GQ5B0}7952;7TDPRxHD 0BV$52P\A=;=8:CBDCWC=<LDPR<TD}1

c~Dn>R8:EF<%GQPT U Dp8:;=C=8:7TDpA=<KJD>\79552PRC=<9;BDCBD>\E+DU >@DV=PR52V=8DCBD>wVBDPQDnPR<9>R52J32<9P@<9>vGQ<KV=PR52i=J:<9EDp>R52;JD>
7TDPvGQ<9>R8D;BD>TDC=<9E+DU > 0B7952EF5 <9>@7952;=>vGID;HGQU< 0
S0BJ:A=<9x25
' !
O
- | VBDPQD
|
[];HGQ<9x2PQD;=C=5>R<K52i}GQ8:<9;=<

& '
7
|
'
7
|
02130
[]EFV$52;=xHDEF52>wJD>\>R8:x2A=8:<9;HGQ<9>@7952;=C=8:C=8:52;=<9>

- |n<9;
|}1

w<9>@7952;HGQ8:;A=5F<9;
|}1
NO>vGID>\C=52>\7952;=C=8:798:52;=<9>a8:EFV=J:8:7TD;FA=< V| T=DC=<9E+DU > 0}JDp>R8:EF<%GQPT U DL8:;=C=8:7TDLA=<
-
S0
J:579ABDJeCBD ' ' V$52P\J:5nGID;HGQB5 T}SB;BDJ:EF<9;HGQ<

' /
/
?DJ3GIDC=<%GQ<9PREF8:;BDP ' T$VBDPQDFBD79<9P<9>vGQB5 0 A=>QDEF52>6<9J~GQ<952PR<9EDFC=<nKDA=>R> 0 DV=J:8:7TD;=C=52J:5FDFA=;BD 3 7TD QDC=<
V=8:J:C=52PQD> 3 1o<52i}GQ8:<9;=<gY '
T1NO; <9J 7TD>R5x2<9;=<9PQDWJ 07952;=>R8:C=<9PR<9EF52>pA=;BDPR<9x28:52; >R<9VBDPQDCBDjV$52P
A=;BD>RA=V$<9PvSB798:U< 0<9;bJDF79ABDJ< }8:>vGQ<hA=;BDC=<9;=>R8:CBDCC=<h7TDPRxHD>RA=V$<9PvSB798DJ 152ED;=C=5A=;BD>RA=V$<9PvSB798:<
xHDA=>R>R8D;BDn8:;}SB;=83GQ<9>R8:EDWJ 0<9;WGQ52PR;=5FDnA=;V=A=;HGQ5 0}GQ<9;=<9EF52> 2<9P@SBx2A=PQD
/

x

"
(*! $ ,.
! !

o <nGQ8:<9;=<hA=; 7TD>RA=<%GQ<<9>v <9U PR8:795WC=<PQDC=8:5 0e7952;bC=<9;=>R8:CBDC >RA=V$<9PvSB798DJ C=<n7TDPRxHD A=;=8352PREF< 1psu< "
GQ<9PREF8:;BDPR<9EF52>w<9JeV$5GQ<9;=798DJ<9J:<97%GQPR52>vGDU GQ8:795PR<9>R52J38:<9;=C=5JDn<979ABD798 52U ;WC=<Lc~DV=JD79<1
'
|
- 0 ' H ' H VBDPQDy
Yr

E2

(1)
D
E1

D2
(2)

D1
?8:x2A=PQD021 O<952EF<%GQPT U DC=<JD>-7952;=C=8:798:52;=<9> C=<i$52PRC=<1Oc~DL7952EFV$52;=<9;HGQ<C=< =; 52PREDJ$DKJDK>RA=V$<9PvSB798:<

<9>6C=8:>R7952;HG U ;ABDV0=>R8eBDTfW7TDPRxHDn<9;JDh>RA=V$<9PvSB798:<1
[];HGQ<9x2PQD;=C=5B0>R<GQ8:<9;=<
!O

' 5
'
52EDEF52>\<9;79A=<9;HGIDJD>\7952;=C=8:798:52;=<9>@C=<Ki$52PRC=<
465FBDTfg7TDPRxHDn<9;<9Je8:;HGQ<9PR8:52P 0 |}1
O V| 0=J:5nA=<L8:EFV=J:8:7TD ' |}1
@<9>RA=EF8:<9;=C=5
! O '
5

465F=<9EF52>@Dx25GIDC=5JD>\7952;=C=8:798:52;=<9>\C=<Ki$52PRC=U< 0
c~D7952;HGQ8:;A=8:CBDCW<9;K 0=;=52>@CBD " ' 1
c~D7952;=C=8:798 52U ;gC=<Ki$52PRC=<KC=<KJDh7952EFV$52;=<9;HGQ<K;=52PREDJC=<9Je7TDEFV$5<9J:<97%GQPR8:795n;=52>@C=8:79<KA=<

-| 7
- '
7

J:579ABDJe8:EFV=J:8:7TD '
n
0=J:579ABDJeC=<%GQ<9PREF8:;BDpGQ5GIDJ:EF<9;HGQ<<9JeV=PR52i=J:<9ED}1

6;nEF<9C=8:57952;=C=A=7%GQ52P <9> A=;nEDGQ<9PR8DJH<9;n<9J}A=<wJ:52>V$52PvGIDC=52PR<9> C=<a7TDPRxHDV$52>R<9<9;J:8:i$<9PvGIDCLC=<wEF5 2<9PR>R<

<9;>RA8:;HGQ<9PR8:52P0<9;PR<9>RV=A=<9>vGIDnDL7TDEFV$52> <9J%<9U 7%GQPR8:7952>91-6;7952;=C=A=7%GQ52PaV$<9Pv<97%GQ5h5h8:C=<TDJB<9>wA=;7952;=C=A=7%GQ52P
<9;pA=< J:52>~V$52PvGIDC=52PR<9>~C=< 7TDPRxHD@>R< EF5 2<9PBDU ;L<9;pPR<9>RV=A=<9>vGIDuD@79ABDJ:A=8:<9Pe7TDEFV$56<9J%<9U 7%GQPR8:795B0"V$52P~V$<9A=< ;=1 5
A=<b<9U >vGQ<L>R<TD x2PQD;WEF5 8:J:8:CBDC 1
4652>-8:;HGQ<9PR<9>QVD 0V$52P D=52PQVD 0H<9>vGQA=C=8DP <9JB7952EFV$52PvGIDEF8:<9;HGQ5C=<6J:52>-EF<9C=8:52>O7952;=C=A=7%GQ52PR<9>a<9;FV=PR<9>R<9;=798D
C=<F7TDEFV$52><9J%<9U 7%GQPR8:7952><9>vGDU GQ8:7952>91FNOJOV=PR8:EF<9PPR<9>RA=J3GIDC=5WC=<8:EFV$52PvGID;=798D<9>KA=<F<9JO7TDEFV$5W<9J%<9U 7%GQPR8:795
<9;j<9J8:;HGQ<9PR8:52P\C=<KA=;7952;=C=A=7%GQ52P@<9>@79<9PR5=1
NO;g<%<97%GQB5 0=>RA=V$52;=xHDEF52>aA=<V=PR5C=A=798:EF52>aA=;BDh8:;==52EF52x2<9;=<98:CBDC<9;WJDLC=8:>vGQPR8:i=A=798 52U ;C=<u7TDPRxHDh<9;
<9J 8:;HGQ<9PR8:52P6C=<nA=;7952;=C=A=7%GQ52P91L[];=8:798DJ:EF<9;HGQU< 0$JD>7TDPRxHD>u<9;b<9J8:;HGQ<9PR8:52P>R<nEF5 2<9PBDU ;<9;bPR<9>RV=A=<9>vGIDWDJ
7TDEFV$5<9J%<9U 7%GQPR8:795FV=PR<9>R<9;HGQ<pfJ:5F>R<9x2A=8:PBDU ;jBD798:<9;=C=5EF8:<9;HGQPQD> >R<TDFC=8:>vGQ8:;HGQ5C=<L79<9PRB5 0$V$52P6J:5GID;HGQB5 0
<9J$<9A=8:J:8:i=PR8:5K>R<DJ:7TD; TDPBDLU >B52U J:5L79ABD;=C=
5 |L<9;<9J$8:;HGQ<9PR8:52P-C=<9J$7952;=C=A=7%GQ52P91 àABD;=C=5p>R<uDJ:7TD;=79<@GIDJ
>R83GQABD798 52U ;C=<<9A=8:J:8:i=PR8:B5 0 ;=<979<9>QDPR8DEF<9;HGQU< 0~;=5WBDi=PBDgU 7TDPRxHD;=<%GIDW<9;b<9JO8:;HGQ<9PR8:52PuC=<9J 7952;=C=A=7%GQ52P TV$52P
J:5nGID;HGQ5>R8eBDTfWA=;BDn7TDPRxHDn;=<%GID<9;<9Je7952;=C=A=7%GQ52P 0\<9U >vGIDPR<9>R8:C=8:PBDhU <9;>RA>RA=V$<9PvSB798:<1

/ " *( )
/ "! ,4
/!
"
&'&$& ,. H "!
à52EF5=<9EF52>@C=8:>R79A}GQ8:C40=<9;A=;7952;=C=A=7%GQ52P@<9;<9A=8:J:8:i=PR8:5h>R<K79A=EFV=J:<
8 |n<9;>RA8:;HGQ<9PR8:52P91
8:8 c~D>h7TDPRxHD>hJ:8:i=PR<9>pPR<9>R8:C=<9;<9;JD>RA=V$<9PvSB798:<gC=<9Ja7952;=C=A=7%GQ52P 0-7952;C=<9;=>R8:CBDC>RA=V$<9PvSB798DJ ;=5
;=<979<9>QDPR8DEF<9;HGQ<LA=;=8352PREF< 1
8:8:8 à52EF5 |u<9;<9J=8:;HGQ<9PR8:52P 0
@<9;<9J=8:;HGQ<9PR8:52PC=<9J=7952;=C=A=7%GQ52P91-o<\C=8:79<\A=<

! #" %$& '( %$& ') 1
à52;=>R8:C=<9PR<9EF52>\A=;W7952;=C=A=7%GQ52P\C=<u52PREDhDPRi=83GQPQDPR8VD 0HfA=;BDn7TDPRxHDhV=A=;HGQABDJeC=<EDx2;=83GQA=C * 0}<9;>RA
2<9798:;=CBDC1 NO;W<9A=8:J:8:i=PR8:B5 0 |p<9;W>RAg8:;HGQ<9PR8:52P 0V$<9PR5n7952EF
5 |LA=<9PQDhC=<9J7952;=C=A=7%GQ52P 0=JD>a7TDPRxHD>
>R<LPR<952PRC=<9;BDPBDU ;V=PR5C=A=798:<9;=C=5A=;BDC=8:>vGQPR8:i=A=798 52U ;gC=<K7TDPRxHD JDh7TDPRxHDhGQ5GIDJ>R8:x2A=<K>R8:<9;=C=579<9PR5 1
8LNOJe7TDEFV$5<9;JDp2<9798:;=CBDCjC=<KA=;7952;=C=A=7%GQ52P@<9>@V$<9PRV$<9;=C=8:79A=JDP@Dn>RAj>RA=V$<9PvSB798:<1
o8<9>vGQ5g;=5A=<9PQD798:<9PvGQB5 0 JD>7TDPRxHD>>RA=V$<9PvSB798DJ:<9>u;=5g<9>vGIDPR8D;<9;<9A=8:J:8:i=PR8:B5 0BfHDA=<n<9>vGIDPR8D;
>R52EF<%GQ8:CBD>@DnA=<9P TD>\GID;=x2<9;=798DJ:<9>91
Y2

Yz

(r) = 0
-
Q=0
+
+
+
+
++
++
?8:x2A=PQDY130! 6;BDn7TDPRxHDnV=A=;HGQABDJePR<9;HGQ<LDnA=;7952;=C=A=7%GQ52P@C=<K52PREDnDPRi=83GQPQDPR8D}1
8:8KNOJe7TDEFV$5<9J%<9U 7%GQPR8:79579<9PR7TDC=<KJDh>RA=V$<9PvSB798:<LC=<KA=;7952;=C=A=7%GQ52P\GQ8:<9;=<<9JDJ:52P
T1
NO>vGIDFDSBPRED798 52U ;g>R<LV=A=<9C=<KC=<9EF52>vGQPQDP@A=>QD;=C=5F<9Je<952PR<9EDnC=<pKDA=>R> 0BA=<L<9>vGIDi=J:<979<KA=<

-
7
#
#
DC=<9E+DU > -V| 0BJ:A=<9x25 # O
T1
8:8:8Kà52EF5 0 # O /

/ <9>OJDC=<9PR83DCBD<9;JDC=8:PR<979798 52U ;hV$<9PRV$<9;=C=8:79A=JDP D
JDh>RA=V$<9PvSB798:<KC=<9Je7952;=C=A=7%GQ52%P JDhC=8:PR<979798 52U ;gC= < / 1-c~Dn7952;=C=8:798 52U ;WD;HGQ<9PR8:52Pw>R<KV=A=<9C=<K7952;=>R8:C=<9PQDP
7952EF5A=;BD 7952;=C=8:798 52U ;+C=<i$52PRC=< 3 VBDPQD JD PR<9>R52J:A=798 52U ;+C=<bJD <979ABD798 52U ;C=<bc~DV=JD79U< 0

/ 1
6857685 GHA 7G M"K ? G : 9S;>A G

6;BD7TDPRxHDV=A=;HGQABDJa<9;<9J 79<9;HGQPR5C=<A=;BD7eDU >R7TDPQDj<9>v <9U PR8:7TDj7952;=C=A=7%GQ52PQDA=<97TDV0 C=<gPQDC=8:58:;HGQ<9PR8:52P
f < GQ<9PR8:52P 0 A=<<9>pV=A=<9>vGIDDjV$5GQ<9;=798DJ T1jNO>vGQA=C=8DPR<9EF52>p<9J V=PR52i=J:<9EDWA=>QD;=C=5JD<979ABD798 52U ; C=<
c~DV=JD79<U}0 <9;g79552PRC=<9;BDCBD>w<9>v <9U PR8:7TD>}0 C=<9i=8:C=5nDpJDp>R8:EF<%GQPT U DKC=<9J V=PR52i=J:<9ED}1OoA=V$52;=<9EF52>w<9;HGQ52;=79<9>\A=<
<9JeV$5GQ<9;=798DJC=<9V$<9;=C=<L>B52U J:5C=<KJDhDPR8Di=J:<PQDC=8DJW0 !S=0 <9;HGQ52;=79<9>
' ! O 0 H ' H - |
'

c~Dn<979ABD798 52U ;jD;HGQ<9PR8:52PaGQ8:<9;=<KA=;BD>R52J:A=798 52U ;gC=<KJDh52PRED

! - 7
<9;bA=< f g>R52;7952;=>vGID;HGQ<9> 0~A=<h>R<nC=<%GQ<9PREF8:;BD;C=<hJD>u7952;=C=8:798:52;=<9>C=<ni$52PRC=<pC=<9J V=PR52i=J:<9ED}1NOJ
V$5GQ<9;=798DJ>R<LV=A=<9C=<L<9>R79PR8:i=8:P\<9;JDp52PRED

| +5
! O '
' ^
,
, "+
c~D>\7952;=C=8:798:52;=<9>@C=<Ki$52PRC=<K>R52;
|n<9;<9Je8:;HGQ<9PR8:52PwC=<K7952;=C=A=7%GQ52P 0 ' |}1
4

Y

b
a
q
V0
?8:x2A=PQDY1ZY -6;BD7TDPRxHDnV=A=;HGQABDJeC=<9;HGQPR5FC=<LA=;BDn<9>v<9PQD7952;=C=A=7%GQ52PQDA=<97TD
n| VBDPQDn 0 , |}1
!a<9>@7952;HG U ;A=5F<9;K FfgK 0;=52>@CBDnJD>\<979ABD798:52;=<9>

'
,

'
DTfWA=;BDn7TDPRxHDnV=A=;HGQABDJ~<9;K V| 0=J:A=<9x25 *
_ 1
@<9<9EFV=JD TD;=C=5hGQ5C=5nGQ<9;=<9EF52> 0=SB;BDJ:EF<9;HGQ<

_ Q | +5
! O * ' ^
,
"+
[]EFV$52;=8:<9;=C=5nJD =UA J3GQ8:ED 7952;=C=8:798 52U 4; 0 K 6;=52>@CBD ' 0B<9;HGQ52;=79<9>
_ 0
!
0
| +5
^
! O *

"+
=52PQDnV$5C=<9EF52>\C=<%GQ<9PREF8:;BDP\JD>\7TDPRxHD>\8:;=C=A=798:CBD>\<9;JD>\>RA=V$<9PvSB798:<9>6K 0=fgK 1
NO;L 0

!O

)
NO;L
- $
'

- *
_& '
M2|

R H")+( ' & ' (*'

NO;WEhA=7I=52>\7TD>R52>0=A=;=5nPR<9A=8:<9PR<JDp>R52J:A=798 52U ;C=<uJDp<979ABD798 52U ;gC=<Kl528:>R>R52;g<9;WPR<9x28:52;=<9>w<9;gA=<;=5nBDTf
7TDPRxHD<9J%<9U 7%GQPR8:7TDV}T <9;<9U >vGQ<K7TD>R5BB0 JDn<979ABD798 52U ;WA=<L>R<K52i}GQ8:<9;=<<9>6JDhJ:JDEDCBDp<979ABD798 52U ;WC=<Lc~DV=JD79<1
' !O
|
ui=>R<9PvDEF52>WA=< <9>vGID<979ABD798 52U ;<9>J:8:;=<TDJW0\fHDA=< >R8 !f ' !>R52; DEhiBD>W>R52J:A=798:52;=<9>0
<9;HGQ52;=79<9>F79ABDJ:A=8:<9Ph7952Ehi=8:;BD798 52U ; J:8:;=<TDJ C=<g<9J:JD>p<9>nGIDEhi=8%<9U ;A=;BD>R52J:A=798 52U ;V$52>R8:i=J:<V=PR8:;=798:V=8:5C=<
>RA=V$<9PRV$52>R8:798 52U ; 1-NOJGQ<952PR<9EDpC=<6;=8:798:CBDC<9>vGIDi=J:<979<uA=<C=52>a>R52J:A=798:52;=<9>wC=<JDL<979ABD798 52U ;gC=<c~DV=JD79<
A=<L>QDGQ8:>v)D79<9;JDhEF8:>RED>w7952;=C=8:798:52;=<9>\C=<Li$52PRC=U< 0=C=83SB<9PR<94; 0DJ:5n>RA=EFB5 0=<9;A=;BD7952;=>vGID;HGQ<pDC=83GQ83D}1

"
,.' ' >) ( " "!

! 6
NO> A=;FE<%U GQ5C=5KA=<@>R<6A=>QDKVBDPQDPR<9>R52J32<9P JDu<979ABD798 52U ;FC=<6c~DV=JD79<\<9;DJ:x2A=;=52>O7TD>R52> C=<6DJ3GIDu>R8:EF<%GQPT U D}1

c~D8:C=<TDnC=<9JeE<%U GQ5C=5n>R<L< }V=J:8:7TDnE+DU >wDU 798:J:EF<9;HGQ<uPR<9>R52J38:<9;=C=5A=;<]R<9EFV=J:5=1
à52;=>R8:C=<9PR<9EF52>p<9J V=PR52i=J:<9EDC=<A=; V=JD;=5j7952;=C=A=7%GQ52Ph8:;}SB;=83GQ5B0ED;HGQ<9;=8:C=5DjV$5GQ<9;=798DJ-79<9PR5 )D
GQ8:<9PRPQD ST}PR<9;HGQ<LDA=;BDn7TDPRxHDV=A=;HGQABDJeC=<KEDx2;=83GQA=C * 1

? 8:x2A=PQDY1 M-lOJD;=58:;}SB;=83GQ5B0=DhGQ8:<9PRPQDV0=7952;A=;BDn7TDPRxHDV=A=;HGQABDJ * DJPR<9;HGQ<1

NOJeV=PR52i=J:<9EDh<9>@C=<%GQ<9PREF8:;BDP\<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795B0=<9;JDnPR<9x28 52U ;
+| A=<9PQDnC=<9Je7952;=C=A=7%GQ52P 1 c~D
PR<9x28 52U ;
| C=<9;HGQPR5WC=<9J7952;=C=A=7%GQ52P ;=5g<9>u8:;HGQ<9PR<9>QD;HGQU< 0~V=A=<9>vGQ5gA=<n<9J 7TDEFV$5<9J%<9U 7%GQPR8:795>R<D;A=JD
DJ:J U 1 c~D>@7952;=C=8:798:52;=<9>\C=<Ki$52PRC=<KC=<9JeV=PR52i=J:<9EDh>R52;
NOJeV$5GQ<9;=798DJ>R<pD;A=JDh<9;j<9JeV=JD;=5n7952;=C=A=7%GQ52P 0
7 7
| O |}1
NOJ@7TDEFV$5 <9J%<9U 7%GQPR8:795b79<9PR7TD C=<9J@V=JD;=5bA=;^7952;=C=A=7%GQ52P 0
7 7
| h<9>V$<9PRV$<9;=C=8:79A=JDPDJ
V=JD;=57952;=C=A=7%GQ52P91
NOJeV$5GQ<9;=798DJ>R<pD;A=JDh<9;j<9Je8:;}SB;=83GQB5 0 |VBDPQD
1
ui=>R<9PvDEF52>pA=<<9Ja7TDEFV$5jC=<A=;BD7TDPRxHDV=A=;HGQABDWJ 0 V$52Pp>T U >B52U J:B5 0;=5>QDGQ8:>v)D79<JD>L7952;=C=8:798:52;=<9>
C=<9J V=PR52i=J:<9EVD 0$<9>C=<9798:P 0 <9J7TDEFV$5C=<9i$<n>R<9PuEF5C=83SB7TDC=5V$52PuJDFV=PR<9>R<9;=798DgC=<9J7952;=C=A=7%GQ52P91LNO;<9>vGQ<
V=PR52i=J:<9EVD 0=<9Je7TDEFV$5n<9J%<9U 7%GQPR8:79B5 0=<9;<9U >vGQ<LV=PR52i=J:<9EVD 0}V=A=<9C=<L8:EDx28:;BDPR>R<7952EF5JDh>RA=V$<9PRV$52>R8:798 52U ;WC=<
8 <9Je7TDEFV$5<9J%<9U 7%GQPR8:795C=<KJDh7TDPRxHDnV=A=;HGQABDJ 0
"
}M 0
8:8<9JO7TDEFV$5g<9J%<9U 7%GQPR8:795WV=PR5C=A=798:C=5WV$52PuJD>7TDPRxHD>8:;=C=A=798:CBD>>R52i=PR<JD>RA=V$<9PvSB798:<C=<9JO7952;=C=A=7%GQ52P0
! 1
uiH8DEF<9;HGQU< 0>R8->R<7952;=5798:<9PQDJDg52PREDg<9; A=<JDW7TDPRxHD8:;=C=A=798:CBDW>R<C=8:>vGQPR8:i=A}f2U< 0<9J V=PR52i=J:<9ED
<9>vGIDPT U DPR<9>RA=<9J3GQ5=1 NO;<9>vGQ<b7TD>R5JD C=83SB79A=J3GIDC <9>vGQPR8:iBDV=PR<9798:>QDEF<9;HGQ<b<9;A=<GIDJuC=8:>vGQPR8:i=A=798 52U ;+>R<
7952;=579<9PBDU >B52U J:5u79ABD;=C=5K>R<\BDTfHDKPR<9>RA=<9J3GQ5<9J=V=PR52i=J:<9ED7952EFV=J:<%GQ5=1NOJ=E<%U GQ5C=5uC=<\JD>8:E+DU x2<9;=<9> 8:;HGQ<9;HGID
C=<%GQ<9PREF8:;BDP\A=;BDC=8:>vGQPR8:i=A=798 52U ;gC=<K7TDPRxHD>\A=<LV=PR5C=A 97TD;<9Je7TDEFV$5C=<9>R<TDC=5F<9;jJD 952;BDC=<K8:;HGQ<9P<9U >91
à52;=>R8:C=<9PR<9EF52>D=52PQD<9JV=PR52i=J:<9ED>R8:x2A=8:<9;HGQU< 0DVBDPR<9;HGQ<9EF<9;HGQ<n;=5gPR<9JD798:52;BDC=57952;<9J V=PR52i=J:<9ED
D;HGQ<9PR8:52P OC=52>@7TDPRxHD>@V=A=;HGQABDJ:<9> 0C=<K8:x2ABDJ EDx2;=83GQA=CfW>R8:x2;=552V=A=<9>vGQB5 0BJ:57TDJ:8 TDCBD>wDnA=;BDC=8:>vGID;=798D
Y<9;HGQPR<K>T U 1-NOJeV$5GQ<9;=798DJ<9J:<97%GQPR52>vGIDGQ8:795 wC=<<9U >vGQ<K>R8:>vGQ<9EDn<9>vGDU CBDC=5FV$52P
! O _ 0 ' ' * ' ' ' ' * ' '

"

fg>QDGQ8:>v)D79<
- |n<9;

|<9;j<9J~V=JD;=5A=<pVBD>QDV$52P@<9J~V=A=;HGQ5EF<9C=8:5C=<LJDnPR<97%GIDFA=<LA=;=<LJD>@C=52>67TDPRxHD> T<9;
5GQPQD>@VBDJDi=PQD> 0}GIDJV=JD;=5
| w<9>@A=;BD<9A=8:V$5GQ<9;=798DJ 1
C=<9E+DU > 0B<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795V=PR5C=A=798:C=5V$52P\JD>\7TDPRxHD>@<9>

*_ 2

,(

" ( , 3
' '
' ' "
' '
' '
J:A=<9x2B5 0=<9;
| GQ<9;=<9EF52>
uY (
2
7 7 | -
*
_
' ' ' , ' 3 7

A=<n<9>uV$<9PRV$<9;=C=8:79A=JDPuDJV=JD;=5
X|}1K465GQ<9EF52>A=U< 0e<9;JDPR<9x28 52U ;
V| 0 <9JV$5GQ<9;=798DJC=<hJD>
C=52>w7TDPRxHD>a>QDGQ8:>v)D79<uJD> EF8:>RED> 7952;=C=8:798:52;=<9>aA=<uC=<9i$QDGQ83)D79<9P ! -VBDPQDp<9J V=PR52i=J:<9EDKC=<9J V=JD;=5
fJD7TDPRxHVD TV$52PuJ:5GID;HGQB5 0~<9J GQ<952PR<9EDC=<F6;=8:798:CBDC;=52>KC=8:79<nA=U< 0<9;bJDPR<9x28:52;bC=<8:;HGQ<9P<9U > 0DEhi$52>
V$5GQ<9;=798DJ:<9>\79528:;=798:C=<9;1
NOJ@V=PR52i=J:<9ED52PR8:x28:;BDJwV=A=<9C=<j>R<9PFPR<9>RA=<9J3GQ5 D=52PQVD 0a8:;HGQPR5C=A=798:<9;=C=5 A=;BDbC=8:>vGQPR8:i=A=798:52;C=<7TDPRxHD>
SB7%GQ8:798D> A=;BD >R52JD 7TDPRxHVD 0w<9;+<9>vGQ<7TD>R5 S0\A=<jJ:JDEDPR<9EF52> 3 7TDPRxHD>8:EDx2<9; 3 0 fA=<jPR<9>RA=<9J32<9;<9J
V=PR52i=J:<9ED}1bc~DC=83SB79A=J3GIDCV=PR8:;=798:VBDWJ 0A=<gJ:8:EF83GIDWJDDV=J:8:7TDi=8:J:8:CBDCbC=<9JwEF<%GQ5C=B5 0 <9>vGDU <9;<9;=7952;HGQPQDP
GIDJ:<9>@7TDPRxHD>\8:EDx2<9;1
=52PQDnV$5C=<9EF52>\C=<%GQ<9PREF8:;BDP\JDh7TDPRxHDn8:;=C=A=798:CBDn<9;<9Je7952;=C=A=7%GQ52P@V=JD;=5
Y * ' ' ' , '

7 O
c~D7TDPRxHDF8:;=C=A=798:CBD<9> * % # % * 0$7952EF5FJ:
5FEh A=<9>vGQ PQDFJD8:;HGQ<9x2PQD798 52U ;C=8:PR<97%GIVD 0BfW7952EF5C=<9ie U D
>R<9P 8:;HGQA=83GQ83DEF<9;HGQ< 1Zo<nV=A=<9C=<C=<9EF52>vGQPQDPDU 798:J:EF<9;HGQ<A=<FJDgA=<9P TD7952; A=<FJDW7TDPRxHDW<9>hDGQPQD8:CBD
V$52P@<9JeV=JD;=5n7952;=C=A=7%GQ52P@<9>vGDU CBDCBDV$52P
& 0 r * ' (
'
GQPR52>pV=PR52i=J:<9ED>LA=<V=A=<9C=<9;PR<9>R52J32<9PR>R<DU 798:J:EF<9;HGQ<A=>QD;=C=5<9J E<%U GQ5C=5jC=<JD>p8:E+DU x2<9;=<9>L>R52;
DJ:x2A=;=52>\7952;>R8:EF<%GQPT U Dh<9>v <9U PR8:7TDhfg798:J U ;=C=PR8:7TVD 07952EF5J:52>\A=<K>R<L8:;=C=8:7TD;WDn7952;HGQ8:;ABD798 52U ;

"
#
&
"

MHY

8<9>v<9PQDDhGQ8:<9PRPQDpPR<9;HGQ<pDnA=;BD7TDPRxHDnV=A=;HGQABDJ 1
8:8<9>v<9PQDDnV$5GQ<9;=798DJ 0=PR<9;HGQ<LDnA=;BD7TDPRxHDnV=A=;HGQABDJ 1
8:8:8 F<%GQ79<%GQ<9PQD 8:;H2<9;HGQ<pDJ:x2A=;=5 1

21
"
(5 (* ' (*'
à52;=>R8:C=<9PR<9EF52>nA=;>R8:>vGQ<9EDjC=<gC=52>h7952;=C=A=7%GQ52PR<9>FD8:>RJDC=52>91boA=V$52;=xHDEF52>pV=PR8:EF<9PR5jA=< * * nf
|}1KceJDEF<9EF52> ! 6DJD>R52J:A=798 52U ;C=<h<9>vGQ<nV=PR52i=J:<9ED}1NOJV$5GQ<9;=798DJ<9;<9J7952;=C=A=7%GQ52P 3 0 3 >R<9PBD U
* '
8:<9;HGQPQD>\A=<K<9JeC=<9J~7952;=C=A=7%GQ52P 3 Y 3 >R<9PBD U !Y 1
0 oS8 0=JEF
Dh7TDPRxHDpC=<7952;=C=A=7%GQ52P 3 0 3 >R<EhA=J3GQ8:V=J:8:7TDV$52PwA=;BDn7952;=>vGID;HGQ< 0}ED;HGQ<9;=8:<9;=C=5 |V0}2<9EF52>
A=<JDW>R52J:A=798 52U ; C=<<9>vGQ<V=PR52i=J:<9EDg<9>vGDjU CBDCBDV$52P ! 1Wce52>L7952;=C=A=7%GQ52PR<9>p<9>vGIDPBDU * ;' D=52PQDDJ:52>
V$5GQ<9;=798DJ:<9> 0 Of !Y S0}V$52PaJ:5LGID;HGQ5nV$5C=<9EF52>aC=<9798:PaA=<J:52>aV$5GQ<9;=798DJ:<9>a>R52;gV=PR52V$52PR798:52;BDJ:<9>
DJD>\7TDPRxHD>91 o8 * ' V| 0=<9;HGQ52;=79<9>
0 *
!Y '. *
o8:EF8:JDPREF<9;HGQU< 0>R8w7952;=>R8:C=<9PQDEF52>hD=52PQD<9JwV=PR52i=J:<9EDj<9J:<97%GQPR52>vGDU GQ8:795<9;A=< * |jf * ' * ' 0Of
BD79<9EF52>@<9JeEF8:>REF5D;@DU J:8:>R8:>wD;HGQ<9PR8:52P 0}2<9EF52>@A=<
' 0 ' * '
' !Y ' ' * '
o8eD=52PQDh;=52>\V=JD;HGQ<TDEF52>w<9JV=PR52i=J:<9EDpE+DU >\x2<9;=<9PQDJ<9;WA=<KJD>a7TDPRxHD>\>R52; * <9;<9J7952;=C=A=7%GQ52P '0 0
f * ' <9;<9Je7952;=C=A=7%GQ52P 'Y 0w<9U >vGQ<KGQ<9;=C=PBDU JDh>R52J:A=798 52U ;
! O ! ' ! 7
C=52;=C=< ! u<9>pJDW>R52J:A=798 52U ; C=<9J V=PR52i=J:<9ED '0 0f ' ! <9>pJDW>R52J:A=798 52U ; C=<9J V=PR52i=J:<9ED 'Y1l52PLJ:5
GID;HGQ5F<9JeV$5GQ<9;=798DJ<9;<9Je7952;=C=A=7%GQ52P '0L>R<9PBD U
0 O 0 ' 0 - * & ' * ' 7
EF8:<9;HGQPQD>\A=<L<9;<9Je7952;=C=A=7%GQ52P 'Yn>R<9PBD U
!Y O !Y ' !Y - '. * & ' ' * '
@<9>RA=EF8:<9;=C=B5 0=GQ<9;=<9EF52>@JDhPR<9JD798 52U ;gJ:8:;=<TD#J A=<LV=A=<9C=<Lx2<9;=<9PQDJ:8 TDPR>R<uDU 798:J:EF<9;HGQ<
0 * & ' * '
!Y '. * & ' ' * '
ce52> 3 >~>R< J:JDED;u795<%SB798:<9;HGQ<9>C=<-V$5GQ<9;=798DJ 1lOA=<9C=<aC=<9EF52>vGQPQDPR>R<-A=< J:52>e795<%SB798:<9;HGQ<9>>R52;L>R8:E<%U GQPR8:7952>
'. ' 1 DTfFA=;7TD>R5hVBDPvGQ8:79A=JDPOC=<JDKPR<9JD798 52U ;D;HGQ<9PR8:52P 0A=<V=PR<9>R<9;HGIDhx2PQD;8:;HGQ<9P<9U >aV=PBDU 7%GQ8:795
<9J7952;=C=<9;=>QDC=52P91o<LGQPQDGIDC=<pA=;j>R8:>vGQ<9ED52PREDC=5FV$52P@C=52>7952;=C=A=7%GQ52PR<9> 0 7TDPRxHDC=52>67952;j7TDPRxHD> *
f * 0BPR<9>RV$<97%GQ83DEF<9;HGQ<1
6>QD;=C=5 JD>PR<9JD798:52;=<9><9;HGQPR<7TDPRxHD>fV$5GQ<9;=798DJ:<9>n>R<j<9;=79A=<9;HGQPQD A=<JDbC=83<9PR<9;=798D<9;HGQPR<jJ:52>
V$5GQ<9;=798DJ:<9>\C=<KJ:52>\7952;=C=A=7%GQ52PR<9>6<9>

&

M2M

Y! 0 O & ' ' Y ' * T

<9; 5GQPQD>LVBDJDi=PQD>0JD 3 7TDPRxHD 3 * <9; <9J 7952;=C=<9;=>QDC=52Pp<9>pV=PR52V$52PR798:52;BDJ-DJDWC=83<9PR<9;=798DWC=<V$5GQ<9;=798DJ
<9;HGQPR<LJ:52>\7952;=C=A=7%GQ52PR<9>0 *
0BC=52;=C=<
0

) ' ' Y '
<9>6JDh7TDVBD798:CBDCWC=<9J~7952;=C=<9;=>QDC=52P91
6
685
JLK ; K V G "J A :<G KRJ

o A=V$52;=xHDEF52>gA=R<GQ8:<9;=<9;C=52>gV=JD7TD>g7952;=C=A=7%GQ52PQD>WV=JD;BD>0EhA}f+x2PQD;=C=<9>WA=R<b<9;=79A=<9;HGQPQD;
7TDPRxHDCBD>7952;7TDPRxHD>GQ5GIDJ:<9> * f * 0e>R<9VBDPQDCBD>V$52PuA=;BDC=8:>vGID;=798D8JDC=8:>vGID;=798D8W<9>EhA=7I=5
ED>uV$<9A=< ;B1 DA=<nJD>uC=8:EF<9;=>R8:52;=<9>C=<nJDV=JD7TD 1Kc~D>7TDPRxHD>uV$52>R83GQ83D>@f;=<9xHDGQ83D>C=<nJD>uV=JD7TD>
>R<WDGQPQD<9; <9;HGQPR<>T U 0 A=<9CBD;=C=5SB;BDJ:EF<9;HGQ<C=<9V$52>R83GIDCBD>p<9;JD>p7TDPQD>p8:;HGQ<9PR8:52PR<9>pC=<JD>pV=JD7TD>p7952;
C=<9;=>R8:CBDC=<9>6A=;=8352PREF<9> f <%8:C=<9;HGQ<9EF<9;HGQU< 0@<9U >vGID<9>@>B52U J:5A=;BDn>R52J:A=798 52U ;DV=PR5 }8:EDCBD S0
*
7
<9; A=< <9>p<9JaDPR<TDC=<JD>LV=JD7TD>91jà52EF5jPR<9>RA=J3GIDC=5jC=<<9>vGQB5 0 <9J 7TDEFV$5>R<9PBDU DV=PR5 }8:EDCBDEF<9;HGQ<
A=;=8352PREFU< 0=7952;<9JDJ:52P

c~DC=83<9PR<9;=798DhC=<KV$5GQ<9;=798DJ<9;HGQPR<LJD>\V=JD7TD>\<9>

\ *

l52P@J:5nGID;HGQB5 0=JDn7TDVBD798:CBDCWC=<9Je7952;=C=<9;=>QDC=52P6V=JD;=5n<9>
@

c~DbA=;=8:CBDC+ Lo C=<WEF<9C=8:798 52U ;C=<WJD7TDVBD798:CBDC<9>F<9J 3 )DPQDC 3 )Di=PR<%8DC=5 1^su<9>RC=<W<9J@V=A=;HGQ5
C=<8:>vGID V=PQD7%GQ8:79B5 00 <9>gA=;BD A=;=8:CBDC+iBD>vGID;HGQ<x2PQD;=C=U< TV$52P<]R<9EFV=J:B5 0\A=;=5<9;=79A=<9;HGQPQDA=<J:52>
7952;=C=<9;=>QDC=52PR<9>7952EF<9PR798DJ:<9>aGQ8:<9;=<9;7TDVBD798:CBDC=<9>@C=<9Je52PRC=<9;C=<KJ:52> 3 EF8:79PR5 " )DPQDC 3 W0 |
465GID uJD>R52J:A=798 52U ;< =D7%GIDWC=<9J 7952;=C=<9;=>QDC=52PKV=JD;=5g<9>KA=;bV=PR52i=J:<9EDEDGQ<9E+DU GQ8:7TDEF<9;HGQ<pC=83SB798:WJ 0
C=<9i=8:C=5DnJ:52> 3 <%<97%GQ52>6C=<Ki$52PRC=< 3 1

%'

area A
b
a
?8:x2A=PQDY1 _ a` 52;=C=<9;=>QDC=52P6V=JD;=5B0=C=<KJDC=52> 006DU PR<TD
6fg>R<9VBDPQD798 52U ; B 1
M_

6 6
JLK ; K VG "J A 9 ;>I A2C<= J

NO>vGDU 52PREDC=5nV$52P\C=52>@<9>v<9PQD>@7952;=7$<9U ;HGQPR8:7TD>&PQDC=8:52> f

(-Q)
b
a
Q
?8:x2A=PQDgY1Zk uà52;=C=<9;=>QDC=52P<9>v <9U PR8:795B0 52PREDC=5V$52PuC=52>u7952;=C=A=7%GQ52PR<9>K7952;=7$<9U ;HGQPR8:7952>0eC=<hPQDC=8:52> gf 0

1
sDCBDKJDL>R8:EF<%GQPT U DC=<9J$V=PR52i=J:<9EDV0HJD> 7TDPRxHD>a>R<C=8:>vGQPR8:i=A}f2<9;A=;=8352PREF<9EF<9;HGQ<67952;C=<9;=>R8:CBDC=<9>aA=<
>R<LV=A=<9C=<9;jC=<%GQ<9PREF8:;BDPaDU 798:J:EF<9;HGQ<uA=>QD;=C=5B0V$52P\<]R<9EFV=J:5n<9JGQ<952PR<9EDnC=<pKDA=>R>91 NOJePR<9>RA=J3GIDC=5<9>
5
_ '
5
_ '
_ $

6 6
Y130
Y1ZY!
Y1 M
JLK ; CJLI K ; JLK ; K VG "J A ;

c~D>ED;=<9PQD>6C=<L7952;=<97%GIDP7952;=C=<9;=>QDC=52PR<9>u>R52;EhA=7IBD>916su52>6C=<L<9J:JD>\GQ8:<9;=<9;8:EFV$52PvGID;=798Dh<9>RV$<9798DJ
V$52P@>RA>R8:EFV=J:8:798:CBDC SH0 fg>R<KPR<9V=PR<9>R<9;HGID;<9;JDpSBx2A=PQD}1
C1
C1
C2
C2
?8:x2A=PQDY1 r à52;=C=<9;=>QDC=52PR<9>67952;=<97%GIDC=52>6<9;>R<9PR8:<fg<9;VBDPQDJ:<9J:5=1

à52;=< }8 52U ;<9;o<9PR8:<

0 0
'

à52;=< }8 52U ;<9;jlDPQDJ:<9J:5

0

'
' & '
6 6

P >; A G ; K ?BA ; :<G M :<GH=G ; "K JLK ; K VG "J A

465GIDPA=<jJDA=<9P TD ;=5 <9> * >R8 7TDEFV$5 <9;HGQPR<jJD>FV=JD7TD> S0wfHD
3 DA}GQ5 " A=<9P TD> 3 1 c~DhA=<9P TD7952PRPR<97%GID<9>0V$52P\J:5hGID;HGQ5
& '
Y

MHk
A=<GIDJ@7TDEFV$5 8:;=79J:A}f2<
M2r

X

X

X
6; EDGQ<9PR8DJ C=8:<9J%<9U 7%GQPR8:795W8:C=<TDJ ;=5GQ8:<9;=<7TDPRxHD>KJ:8:i=PR<9>K<9; >RA 8:;HGQ<9PR8:52P91Fc~D>L7TDPRxHD>K<9; A=; EDGQ<9PR8DJ

=C 8:<9J%<9U 7%GQPR8:795 " D8:>RJDC=52P " >R<<9;=79A=<9;HGQPQD;J:8:xHDCBD>0Hf;=5hV=A=<9C=<9;EF5 2<9PR>R<7952EF5hJ:5hBD79<9;W<9;gJ:52>w7952;=C=A=7 "
GQ52PR<9>91 su<9>R<TDEF52>\<9>vGQA=C=8DP\JDhPR<9>RV=A=<9>vGIDFC=<KJ:52>wEF<9C=8:52>@D8:>RJD;HGQ<9>\DnJDnD79798 52U ;WC=<K7TDEFV$52>w<9J%<9U 7%GQPR8:7952>91

)+"-,.+' #(5H(*' (!
oA=V$52;=xHDEF52>\A=<K>R<GQ8:<9;=<C=52>@7952;=C=<9;=>QDC=52PR<9>0 " x2<952E<%U GQPR8:7TDEF<9;HGQ<8:Ca<9U ;HGQ8:7952> " 0=A=;=57952;WD72 U 5n<9;HGQPR<

JD>\V=JD7TD>wfW5GQPR5n7952;A=;C=8:<9J%<9U 7%GQPR8:795n<9;HGQPR<L<9J:JD>91
?8:x2A=PQDnM}130!-N }V$<9PR8:EF<9;HGQ5FC=<L?DPQDCBDTf<9;C=8:<9J%<9U 7%GQPR8:7952>

(vacio)

dielectrico
à52;=579<9EF52>JD7TDVBD798:CBDCC=<9J\7952;=C=<9;=>QDC=52P '0 7952;D72 U 5 1o<EF8:C=<JD7TDVBD798:CBDCC=<9J

7952;=C=<9;=>QDC=52P 'Y " " fg>R<K7952EFVBDPQD;4T=<9JePR<9>RA=J3GIDC=5<9> " "

7

<9;A=
< 0K<9>@A=;BD7952;=>vGID;HGQ<1wo<K<9;=79A=<9;HGQPQVD 0$DC=<9E+DU >0BJ:5n>R8:x2A=8:<9;HGQ<U0
8 <9>@8:;=C=<9V$<9;=C=8:<9;HGQ<LC=<KJDhx2<952EF<%GQPT U VD T}<9>@C=<9798:P 0B;=5C=<9V$<9;=C=<LC=<KJDh52PREDhC=<9Je7952;=C=<9;=>QDC=52P91
8:8 C=<9V$<9;=C=<L>B52U J:5C=<9JeEDGQ<9PR8DJ 1
8:8:8 021
à52EF5 5 02<9;HGQ52;=79<9> 0VBDPQDuJDEF8:>RED6C=83<9PR<9;=798DuC=<\V$5GQ<9;=798DJ 02JD7TDPRxHD 5 7952;HGQ<9;=8:CBD
<9;j<9J7952;=C=<9;=>QDC=52P67952;C=8:<9J%<9U 7%GQPR8:795n<9>@EDTf252P@A=< 5 O0
5
5 w
w
0
l52Pg<9>vGIDPQD e52U 4; 06<9Ju7TDEFV$5<9J%<9U 7%GQPR8:795 <9;HGQPR<bJD>V=JD7TD>C=<9i$<GIDEhi=8:<9; >R<9PgEF5C=83SB7TDC=5 V$52PJD
V=PR<9>R<9;=798DFC=<9JeC=8:<9J%<9U 7%GQPR8:795=1ONO;<%<97%GQB5 0BA=;7eDU J:79A=J:5n>R<9;=798:J:J:5nEhA=<9>vGQPQDA=<
MH
)
M2z

V$52P\J:5hGID;HGQ5FV$5C=<9EF52>\<9>R79PR8:i=8:P

w0

%

07

NOJ=7TDEFV$5K;=<%GQ5 <9;HGQPR<6JD> V=JD7TD>O<9>-EF<9;=52POA=<@79ABD;=C=5K;=5LBDTfhC=8:<9J%<9U 7%GQPR8:795=1Oà52EF5J:52>O7TDEFV$52>
>R<L>RA=V$<9PRV$52;=<9;jJ:8:;=<TDJ:EF<9;HGQ<U0V$5C=<9EF52>\<9>R79PR8:i=8:%P >R8:Ehi@52U J:8:7TDEF<9;HGQ<

# 0
% 0
%

NO>vGQ<-PR<9>RA=J3GIDC=5\V$<9PREF83GQ< C=<9798:PA=<-BD@DVBDPR<9798:C=5\A=;BD\7TDPRxHDw>RA=V$<9PvSB798DWJ 0 J:57TDJ:8 TDCBD <9;K<9J2C=8:<9J%<9U 7%GQPR8:795B0
JDn79ABDJeV=PR5C=A=79<KA=; 3 7TDEFV$5C=<KV$52JDPR8 TD798:52; 3 0C=<DJ:52P
0 +0
&
&
?8:x2A=PQDnM}1ZY `wDPRxHD>@J:8:i=PR<9>afgC=<KV$52JDPR8 TD798:52;<9;A=;C=8:<9J%<9U 7%GQPR8:795=1

&
+++++++++++++++++++++++++++++
-----------------------------
a` 52EF5V=A=<9C=<W<9;HGQ<9;=C=<9PR>R<<9>vGQ<g=<97I=521 l5C=<9EF52>h8:EDx28:;BDPKA=<WA=;C=8:<9J%<9U 7%GQPR8:795<9>vGDU 52PREDC=5

V$52Pp7TDPRxHD>pA=<U0O>R8 i=8:<9; ;=5j>R52;7TDVBD79<9>hC=<C=<9>RV=JD TDPR>R<J:8:i=PR<9EF<9;HGQ<U0V=A=<9C=<9;C=<9>RV=JD TDPR>R<C=<>RA=>
V$52>R8:798:52;=<9>C=<<9A=8:J:8:i=PR8:5B0-<9;^PR<9>RV=A=<9>vGID DbJ:52>7TDEFV$52><9J%<9U 7%GQPR8:7952>A=<jD7%GBUA D;>R52i=PR<<9J:JD>91^NO>vGQ52>
C=<9>RV=JD TDEF8:<9;HGQ52>uCBD;J:A=xHDPuDEF52EF<9;HGQ52>C=8:V$52JDPR<9>6<9J%<9U 7%GQPR8:7952> 0A=<D>RA2< V=PR5C=A=79<9;bA=;7TDEFV$5
<9J%<9U 7%GQPR8:795DC=8:798:52;BDJ~DJ7TDEFV$5 3 < GQ<9PR;BDEF<9;HGQ< 3 DV=J:8:7TDC=5=1\c~DDVBDPR8:798 52U ;C=<pJ:52>6EF52EF<9;HGQ52>6C=8:V$52JDPR<9>
EF8:79PR52>R7e52U V=8:7952>-CBDKJ:A=xHDP-DKA=;BDKV$52JDPR8 TD798 52U ;nED79PR52>R7e52U V=8:7TVD 0H79A}f25p>R8:x2;=83SB7TDC=5L>R<68:J:A=>vGQPQDu<9;JDuSBx2A=PQD}1
NO;iBD>R<uDp<9>vGQ<EF5C=<9J:5L>R<9;=798:J:J:5LV=A=<9C=<u7952;=>vGQPRA=8:PR>R<A=;BDLGQ<952PT U DKED79PR52>R7e52U V=8:7TDLC=<9J<9;=52EF<9;=B5 T>R8:;
<9EhiBDPRx2B5 0;=52>R5GQPR52>>B52U J:5gBDPR<9EF52>uA=;bi$52>RA=<]R5WC=<n<9J:JVD 0 <9;})DGQ8 TD;=C=5g>RAb>R8:x2;=83SB7TDC=5v U >R8:79B5 0$f;=5W<9J
D>RV$<97%GQ5F52PREDJ 1
su<%SB;BDEF52><9J 2<97%GQ52P 3 V$52JDPR8 TD798:52; 3 0~<9; A=; V=A=;HGQ5 0~7952EF5W<9J 3 J:8:EF83GQ<Lv U >R8:795 3 " fHDW< }V=J:8:7TDC=5
V=PR<%8DEF<9;HGQ< " C=<KJDh7TD;HGQ8:CBDC
! O
- 7 7
)M}130
<9;A=< w<9>@<9JeEF52EF<9;HGQ5nC=8:V$52JDPw<9J%<9U 7%GQPR8:795C=<KA=;gGQPR5 95FC=<KEDGQ<9PR8DJ 7952;g252J:A=EF<9; 7u1
8 6;BDbV$52JDPR8 TD798 52U ; hV=PR5C=A=79<WA=;7TDEFV$5<9J%<9U 7%GQPR8:795
! S0-A=<>R<WV=A=<9C=<7TDJ:79A=JDPh7952EF5
>R8:x2A=<
)
)
)

&
&
&

&

M2

! O
7
<9;A=<

! - _ 0 ! / ! / _ 0 / ( / 2 ,
)M}1ZY!
8:8c~DV$52JDPR8 TD798 52U ; 6>RA=PRx2<n7952EF5PR<9>RV=A=<9>vGIDD7TDEFV$52>u<9J%<9U 7%GQPR8:7952>uC=<9i=8:C=52>DC=8:>vGQPR8:i=A=798:52;=<9>

C=<K7TDPRxHDV0BJ:A=<9x25n<9Je7TDEFV$5<9J%<9U 7%GQPR8:795nGQ5GIDJ<9>
&

8:8:8o<jV=A=<9C=<C=<9EF52>vGQPQDPFA=<<9J@7TDEFV$5
>R<jV=A=<9C=<7TDJ:79A=JDPFD VBDPvGQ8:PFC=<j798:<9PvGID> 3 7TDPRxHD>C=<
V$52JDPR8 TD798 52U ; 3 0
f
0=<9;JDnED;=<9PQD >vGID;=CBDPRC 3 0B<9>@C=<9798:P
)M}1 M

! O _ 0
/ ! 2 , / _ 0
/ ! 2 / 7
C=52;=C=<KJD>\8:;HGQ<9x2PQDJ:<9>w>R52;4B0 PR<9>RV$<97%GQ83DEF<9;HGQ<K>R52i=PR<K<9J252J:A=EF<9;gfJDn>RA=V$<9PvSB798:<KC=<9JeC=8:<9J%<9U 7%GQPR8:795BT
DC=<9E+DU >0
&

/ 7

)M}1 _
)M}1Zk!
ui=>R<9Pv2<9EF52>hA=<U0O>R8 JDWV$52JDPR8 TD798 52U ; A=<9PQDA=;BDA=;=798 52U ; 7952;=5798:CBDWC=< 0 <9;HGQ52;=79<9>hJD< "

V=PR<9>R8 52U ;D;HGQ<9PR8:52PhV$<9PREF83GQ8:PT U DW7TDJ:79A=JDPp<9Jw7TDEFV$5<9J%<9U 7%GQPR8:795<9;GQ5CBD>nVBDPvGQ<9>91 NO;x2<9;=<9PQDJW0 ( ! L>R<
52PR8:x28:;BD7952EF5bPR<9>RV=A=<9>vGID DJ\7TDEFV$5b<9J%<9U 7%GQPR8:795 !B ' 0 <9J\79ABDJ@8:;=79J:A}f2<W<9J\7TDEFV$5bV=PR5C=A=798:C=5 V$52PnJD
V=PR52V=8DLV$52JDPR8 TD798 52U ; 0fF<9>wC=<9>R7952;=5798:C=5=1-o<uBDL<9;=7952;HGQPQDC=B5 0}<9;52PREDK< }V$<9PR8:EF<9;HGIDWJ 0A=<< }8:>vGQ<9;
PR<9JD798:52;=<9>\C=<KJDh52PRED

NO>vGQ<GQ8:V$5LC=<PR<9JD798:52;=<9> >R<uC=<9;=52EF8:;BD4; 0x2<9;a<9U PR8:7TDEF<9;HGQU< 0}PR<9JD798:52;=<9> 3 7952;=>vGQ83GQA}GQ83D> 3 1ONO;gx2<9;=<9PQDWJ 0
EhA=7I=52>6EF<9C=8:52>\EDGQ<9PR8DJ:<9>a>QDGQ8:>v)D79<9;A=;BDPR<9JD798 52U ;gC=<KJDp52PRED

7
<9;jA=< <9>@A=;BD7952;=>vGID;HGQ<#1 -52J32<9PR<9EF52>6Dn<9>vGQ<LV=A=;HGQ5FJ:A=<9x25=1
"
&
&

R H ")+( ' N(*$&!.!

à52;=>R8:C=<9PR<9EF52>uA=;7952;"RA=;HGQ5gC=<p7TDPRxHD>0 PR5C=<TDCBD>uV$52PA=;EF<9C=8:5EDGQ<9PR8DJ~C=8:<9J%<9U 7%GQPR8:795B0$8:;}SB;=83GQ5=1NOJ
7TDEFV$5<9J%<9U 7%GQPR8:795j>R<C=<9i$<gDGQ5CBD>pJD>L7TDPRxHD>hC=<9Ja>R8:>vGQ<9EDV0 V$52PpJ:5GID;HGQ5<9>pwDU J:8:C=5<9J GQ<952PR<9EDjC=<
KDA=>R>0 <9;JDp52PRED

_H|

%

5
7

C=52;=C=<KJDh7TDPRxHDnGQ5GIDJW0 5 e<9>@JDn7TDPRxHDnPR<TDJeE+DU >\JDh7TDPRxHDnC=<KV$52JDPR8&TD798 52U ;
5 5 5

lDPQDh>R8:EFV=J:83SB7TDP0GQ52EDPaA=;g7952;=C=A=7%GQ52P@7952;g7TDPRxHD 5 0=C=<>RA=V$<9PvSB798:< 0}fA=;BDh>RA=V$<9PvSB798:< 0}A=<
7952;HGQ8:<9;=<pD 1-c~Dn7TDPRxHDnC=<KV$52JDPR8&TD798 52U ;<9>
5
/ 7
J:A=<9x25B0=>R<KV=A=<9C=<L<9>R79PR8:i=8:P
% 5

o<KC=<%SB;=<L<9J 2<97%GQ52P@C=<9>RV=J)D TDEF8:<9;HGQ5 3
0=<9;HGQ52;=79<9>
5 7
)M}1 r
<9;W52PREDh<9A=83DJ:<9;HGQ< " C=83<9PR<9;=798DJ "
!
7
)}M 1Z!

"/ "! ,4 (

6<9EF52>nC=<%SB;=8:C=5bA=;BD7952;=>vGID;HGQ< 0 J:JDEDCBDW>RA=>R<979V}GQ8:i=8:J:8:CBDCC=8:<9J%<9U 7%GQPR8:7TDV0 A=<WPR<9JD798:52;BDjJDjV$52JDP
8 TD798 52U ; 7952;j<9J~7TDEFV$5F<9J%<9U 7%GQPR8:795BB0 VBDPQDEF<9C=8:52>@EDGQ<9PR8DJ:<9>\J:8:;=<TDJ:<9>=0 8:>B5U GQPR52V$52>\fW=52EF52x<9U ;=<952>&<9; "
DC=<9JD;HGQ<U0=ce[ 0}VBDPQDhDi=PR<%8DP 1Oc~DhPR<9JD798 52U ; }0 >R<uV=A=<9C=<< }V=PR<9>QDP\7952EF5hA=;BDpPR<9JD798 52U ;<9;HGQPR<
J:52>w2<97%GQ52PR<9> f B0 A=<GQ8:<9;=<KJDp52PRED

o<pD7952>vGQA=Ehi=PQDDnC=<%SB;=8:P@JD 3 7952;=>vGID;HGQ<LC=8:<9J:<97%GQPR8:7TD 3 0 @7952EF5

"
&! ,.(*-,.
&

a
\f
su<LJ:5A=<h=<9EF52>C=8:7I=5B0$<9>DU 798:Je2<9PJDFPR<9JD798 52U ;A=<h< }8:>vGQ<h<9;HGQPR<hJD>6C=83<9PR<9;HGQ<9>7952;=>vGID;HGQ<9> 0

1

b
b 0
lDPQDnPR<%<9PR<9;=798DnA}GQA=PQVD 0B8:;=79J:A}fHDEF52>\DJ:x2A=;BD>\C=<%SB;=8:798:52;=<9>
(! ()*~ ' NO> A=;FEDGQ<9PR8DJ}<9;FA=<6JDuPR<9JD798 52U ;n<9;HGQPR< f <9>-A=;BDA=;=798 52U ;J:8:;=<TDJ 1NO>vGQ5
A=8:<9PR<KC=<9798:P@A=<KC=8:7IBDPR<9JD798 52U ;g>R<KV=A=<9C=<L< }V=PR<9>QDP6<9;JDp52PRED
% % & % ' ' % , ,
NO;5GQPQD>@VBDJDi=PQD> 0=J:52>\<9J:<9EF<9;HGQ52> &- - 7 n0 7 Y 7 M -52PRED;gA=;BDEDGQPR8 u>R8:E<%U GQPR8:7TD}1

&
4

_=0

jDGQ<9PR8DJ
D798:5
8:PR<
8:PR<

021 |2|
021 |2|2|2r M |420 |& 0LDGQE1
021 |Hk_ 0 |2|DGQE1
'
021 |2|}0 L0 DGQE1
'
z2z
YF
| ` 0BC=<9>vGQ8:JDCBD
l<%GQPR52J:<95 Y130
0"Y6 |H0 |
Di=JDKM}130! DJ:52PR<9>OC=<@JDu7952;=>vGID;HGQ<@C=8:<9J%<9U 7%GQPR8:7TD 40Hfh<9JB7TDEFV$5C=<@PRA=V}GQA=PQDV0VBDPQDKDJ:x2A=;=52> EDGQ<9PR8DJ:<9>

C=8:<9J%<9U 7%GQPR8:7952>91
(! 9#B&! "!O! NO>A=; EDGQ<9PR8DJu79A}fHD>jV=PR52V=8:<9CBDC=<9>C=8:<9J%<9U 7%GQPR8:7TD>W;=5^C=<9V$<9;=C=<9; C=< JD
52PR8:<9;HGID798 52U ;jC=<9JEDGQ<9PR8DJ 16NO;<9J7TD>R5gC=<hJ:5EF<9C=8:52>6A=<h>R52;bDC=<9E+DU >J:8:;=<TDJ:<9> 0<9>vGQ5g>R8:x2;=83SB7TD
A=<LJDhPR<9JD798 52U ;g>R<L< }V=PR<9>QDF7952EF5 .-0 7 Y 7 M
% %
! ! ! u& *~! NO>A=;bEDGQ<9PR8DJ~79A}fHD>KV=PR52V=8:<9CBDC=<9>C=8:<9J%<9U 7%GQPR8:7TD>>R52;bJD>uEF8:>RED><9;
(
GQ5C=5FV=A=;HGQ5C=<9J~EDGQ<9PR8DJ 1 o8~<9JeEF<9C=8:5<9>J:8:;=<TDWJ 0}JD 5FJD> >R52;j7952;=>vGID;HGQ<9> 0$8:;=C=V$<9;=C=8:<9;HGQ<9>
C=<KJDnV$52>R8:798 52U ;g<9;<9JeEDGQ<9PR8DJ 1

' $ ,H$H(

V=A=<9C=< >R<9PW7952;=>R8:C=<9PQDCBD7952EF5A=;BDPR<9JD798 52U ;D;@DU J:52xHDDJD J:<%f C=< 655!<
c~DPR<9JD798 52U ;
)D;BDJ:52xB U DEF<97eDU ;=8:7TD 1NO;+x2<9;=<9PQDJW0wA=;+EF<9C=8:5 C=8:<9J%<9U 7%GQPR8:795 >R52EF<%GQ8:C=5 D A=;+7TDEFV$5 <9J%<9U 7%GQPR8:795 EhA}f
8:;HGQ<9;=>R5 3 >R<6PR52EFV$< 3 " <9> C=<9798:P0 >R<@A=<9J32<67952;=C=A=7%GQ52P " 0>R8<9JB7TDEFV$5L<9;F<9J8:;HGQ<9PR8:52P C=<9JEDGQ<9PR8DJ=>RA=V$<9PQD
A=;WDJ:52P\79PT U GQ8:795nEj U ;=8:EF5=1NO>vGQ<K7TDEFV$5<9>@<9JeJ:JDEDC=5 3 7TDEFV$5C=<KPRA=V}GQA=PQD 3 1
21
"
(*)
!

&'& "! ' ' " 3 "/ "! ,4 !
à52; PR<%<9PR<9;=798DD JD SBx2A=PQD D;HGQ<9PR8:52P\0 >R<V=A=<9C=<C=<9EF52>vGQPQDPA=<JD>7952;=C=8:798:52;=<9>C=<i$52PRC=<j<9; JD
8:;HGQ<9Pv)D>R<K<9;HGQPR<LC=52>@EF<9C=8:52>wC=8:<9J%<9U 7%GQPR8:7952>=0 >R<KV=A=<9C=<9;j<9>R79PR8:i=8:P\<9;JDh52PRED
/ ' /
)M}1 z

'
|
)M}1

"
6 86 5 GHA 7G M"K ? G :; K C<; : ;>I =@?BA2C<= J

6;BDh7TDPRxHDhV=A=;HGQABDJ <9;WA=;gC=8:<9J%<9U 7%GQPR8:795 8:>R5GQPR52V$5B0J:8:;=<TDJW0=52EF52x2<9;=<95 1Osu<%GQ<9PREF8:;=<9EF52>aJ:52>QDp7TDEFV$52>
0 f n 1u6>QD;=C=5gJDFJ:<%fC=<nKDA=>R>07952;A=;BD>RA=V$<9PvSB798:<h<9>v <9U PR8:7TD C=<hPQDC=8:5 0$7952;=7$<9U ;HGQPR8:7TD7952;
JDn7TDPRxHD * =0 >R<KGQ8:<9;=<
_Y

%

?8:x2A=PQDnM}1 MO[];HGQ<9Pv)D>R<L<9;HGQPR<LC=52>@C=8:<9J%<9U 7%GQPR8:7952> 3 0 3 f 3 Y 3 1

^
n
^
t
(1)
(2)
NO;HGQ52;=79<9>0>R<KGQ8:<9;=<
_e ' !O *
! *
_e '
!
*
_ R '
! *
_ R '
6 6 9S;>A G = JLK =@? J A G ; K C<; : ;>I =@?BA2C<= J

à52;=>R8:C=<9PQDEF52>@A=;BDF<9>v<9PQD7952;=C=A=7%GQ52PQDV07952;j7TDPRxHD 5 0PR5C=<TDCBDV$52P\A=;jC=8:<9J%<9U 7%GQPR8:795nJ:8:;=<TDJW0}8:>B5U GQPR52V$5B0
=52EF52x<9U ;=<95B0 C=<nV$<9PREF83GQ838:CBDC ufj< GQ<9;=>R8 52U ;b8:;}SB;=83GID}1L`wDJ:79A=J:<9EF52>J:52>7TDEFV$5< 0 fJD>C=<9;=>R8 "
CBDC=<9>6C=<K7TDPRxHDnPR<TDJfgC=<KV$52JDPR8 TD798 52U ;1
NO>vGQ<uV=PR52i=J:<9EDp>R<uPR<9>RA=<9J32<A=>QD;=C=5n<9J EF8:>REF5pE<%U GQ5C=5pA=<<9JD;HGQ<9PR8:52P0 V=A=<9>\V=PR<9>R<9;HGIDnJDLEF8:>RED
>R8:EF<%GQPT U D}1al52P6<9>vGQ<pEF5GQ8325BB0 VBDPQD J:52>@7TDEFV$52>6>R52;jJ:52>@EF8:>REF52>\A=<L<9;<9J~V=PR52i=J:<9EDD;HGQ<9PR8:52P
7952; 5 <9;2< C=< 1?DJ3GIDj<9;HGQ52;=79<9>7TDJ:79A=JDPhJD>hC=<9;=>R8:CBDC=<9>C=<W7TDPRxHD>RA=V$<9PvSB798DJW-0 JD>hA=<W>R<
*
52i}GQ8:<9;=<9;C=<
/ 7
<9;Â=<
<9>F<9J\2<97%GQ52PFC=<9>RV=JD TDEF8:<9;HGQ5 <9;JD2<9798:;=CBDC^C=<JD>RA=V$<9PvSB798:<C=<9J@7952;=C=A=7%GQ52Pa0 f / <9>
<9J\2<97%GQ52P;=52PREDJ\D JD>RA=V$<9PvSB798:<C=<JDb<9>v<9PQD 7952;=C=A=7%GQ52PQD a0 A=<DV=A=;HGIDbBD798DA=<9PQD C=<9J
7952;=C=A=7%GQ52Puà52;<9>vGQ5B0

&
)
5
_ '
su<KJDhEF8:>REDhED;=<9PQDV0=JDhC=<9;=>R8:CBDCC=<K7TDPRxHDnC=<KV$52JDPR8 TD798 52U ;>RA=V$<9PvSB798DJe<9>

/ 7
<9;jA=< / DV=A=;HGIDBD798DnDA=<9PQDC=<9JeC=8:<9J%<9U 7%GQPR8:79B5 0}52V=A=<9>vGIDFDJDh;=52PREDJeDJ7952;=C=A=7%GQ52P91
&

_HM
& 5
_ '
o<52i=>R<9PvDgA=< <9>KC=<n>R8:x2;=5g52V=A=<9>vGQ5D 0eV=A=<9>JD>u7TDPRxHD>;=<9xHDGQ83D>uC=<9JOC=8:<9J%<9U 7%GQPR8:795>R<nC=<9i$<9;
DPRV }8:EDP@DnJD>\7TDPRxHD>@V$52>R83GQ83D>wC=<9Je7952;=C=A=7%GQ52P91

6 6 GHA 7G M"K ? G :; K C K ?B;>A SG V;

6 ;BDh7TDPRxHDpV=A=;HGQABDJ <9;gJDL8:;HGQ<9Pv)D>R<V=JD;BDp<9;HGQPR<uC=52>wEF<9C=8:52> C=8:<9J%<9U 7%GQPR8:7952> )c 6[ =52EF52x<9U ;=<952>0>R<9EF8 "

8:;}SB;=83GQ52><9; < GQ<9;=>R8 52U ;1Fl5C=<9EF52>KVBDPvGQ8:P52i=>R<9PvD;=C=5A=<<9JO>R8:>vGQ<9EDgC=<9i=8:<9PQDWV=PR<9>R<9;HGIDPpDJ EF<9;=52>
DJ:x2A=;BD 52PREDC=< >R8:EF<%GQPT U D <9>v <9U PR8:7TDV0u8:;=7952EFV=J:<%GID C=<9>RC=< J:A=<9x25=1 NO>R795"QDEF52>JD>g79552PRC=<9;BDCBD>C=<
ED;=<9PQDFA=<LJ:52>6C=52>6>R<9EF8:<9>RVBD798:52>@<9>vGDU ;>R<9VBDPQDC=52>V$52P@<9J~V=JD;=5
V| 0BfA=<pJDn7TDPRxHDFV=A=;HGQABDJ *
>R<L<9;=79A=<9;HGQPQDFC=8:7I=5V=JD;=B5 0}fg>RAV$52>R8:798 52U ;g79528:;=798:C=<7952;<9Je52PR8:x2<9;WC=<K79552PRC=<9;BDCBD>91
c~D>\7952;=C=8:798:52;=<9>@C=<Ki$52PRC=<KA=<K>R<LC=<9i$<9;>QDGQ8:>v)D79<9P 0B<9;<9JeV=JD;=5
V| 0B>R52;
8 7952;HGQ8:;A=8:CBDCWC=<KJDn7952EFV$52;=<9;HGQ<K;=52PREDJ C=<9Je2<97%GQ52P 0BA=<K>R<K< }V=PR<9>QD7952EF5

7 7
| -
7 7
|

8:87952;HGQ8:;A=8:CBDCWC=<KJD>\7952EFV$52;=<9;HGQ<9>@GID;=x2<9;=798DJ:<9>\C=< 0
7 7 |
7 7 |
7 7 |
7 7 |
o<\V=A=<9C=<\7952EFV=PR52iBDPDU 798:J:EF<9;HGQ< A=<\<9J}7TDEFV$5u<9J%<9U 7%GQPR8:795 GQ8:<9;=<w>R8:EF<%GQPT U D6<9>v <9U PR8:7TDV02V=A=<9>O<9>OJD =UA ;=8:7TD
ED;=<9PQDnC=<LD>R<9x2A=PQDP@JDh>QDGQ8:>v)D79798
52;C=<KJD>\7952;=C=8:798:52;=<9>@D;HGQ<9PR8:52PR<9> 0BV$52P\J:5nGID;HGQB5 0=C=<9i$<GQ<9;=<9P6JDp52PRED
- _e( ' 6
c~D7952;=>vGID;HGQ< (gC=<9i$<KC=<%GQ<9PREF8:;BDPR>R<KA=>QD;=C=5F<9JGQ<952PR<9EDnC=<pKDA=>R>TBVBDPQDnJ:579ABDJe<9>R79PR8:i=8:EF52>

7 7
|
7 7
|

7 7
| '
7 7
|
`wDJ:79A=JDEF52>w<9J BA"R5C=<K<9>vGQ<L7TDEFV$5B0}52i}GQ<9;=8:<9;=C=5
Y
) ' .(F * 7
C=52;=C=<
(F Y *
) '

_2_

%

?8:x2A=PQDhM}1 _ a à52;=C=<9;=>QDC=52P@V=JD;=5B0=7952;A=;BDV=JD7TDhC=8:<9J%<9U 7%GQPR8:7TDh<9;HGQPR<LJD>\V=JD7TD>\7952;=C=A=7%GQ52PQD>91
6 6
JLK ; K VG "J A = JLK M :<GH=G C<; : ;>I =@?BA2C<=G
à52;=>R8:C=<9PR<9EF52>w<9J$V=PR52i=J:<9EDLC=<A=;BDpV=JD7TDpC=8:<9J%<9U 7%GQPR8:7TDK<9;HGQPR<uJD> V=JD7TD>aC=<uA=;7952;=C=<9;=>QDC=52PwV=JD;=B5 0f

=C <%GQ<9PREF8:;=<9EF52>J:52>7TDEFV$52>6fjJDFA=<9P TD<9;HGQPR<nJD>V=JD7TD>91c~Dx2<952EF<%GQPT U DF<9>u7952EF5>R8:x2A=<@V=JD7TD>uC=<
JDC=52> 0 0B7952;>R<9VBDPQD798 52U ; TDC=<9E+DU >0B>R<K8:;=>R<9PvGIDA=;BDV=JD7TDnC=<KEDGQ<9PR8DJ C=8:<9J%<9U 7%GQPR8:795B0=C=<K<9>RV$<9>R52P
fWD;=7I=5 0BA=<K8:;=x2PR<9>QDnA=;BDC=8:>vGID;=798D
w<9;HGQPR<LJD>\V=JD7TD>0=7952EF5>R<K52i=>R<9PvD<9;JDhSBx2A=PQD}1
D79<9EF52> JDK>RA=V$52>R8:798 52U ;FA=<JD> V=JD7TD>->R52;x2PQD;=C=<9> 0<9;7952EFVBDPQD798 52U ;7952;JDK>R<9VBDPQD798 52U 4; 0J:5LA=<
;=52> BD79<w>RA=V$52;=<9P A=<aGID;HGQ5 027952EF5 Of
>R52;hEhA=7I=5EDTf252PR<9>A=< B1NO>vGQ5;=52> V$<9PREF83GQ< C=<9>RV=PR<9798DP
J:52><9>v<97%GQ52>C=<pJ:52>i$52PRC=<9>uC=<pJD>V=JD7TD> 0$f>RA=V$52;=<9PuA= <hJ:52>7TDEFV$52> f >R52;V$<9PRV$<9;=C=8:79A=JDPR<9>
DJDh>RA=V$<9PvSB798:<LC=<KJD>wV=JD7TD> 0BVBDPQDJ:<9J:52>\DnJDhC=8:PR<979798 52U ; ( 0

(
(

ON >vGQ52>w7TDEFV$52> >R52;J:52> A=<u< }8:>vGQ<9;g<9;<9J$<9>RVBD798:5h<9;HGQPR<uJD> V=JD7TD>a7952;=C=A=7%GQ52PQD>91-ce52>a7TDEFV$52>a<9;

<9JPR<9>vGQ5C=<9J<9>RVBD798:5F>R52;;A=J:52>08:;=79J:A}f2<9;=C=5C=<9>RC=<pJ:A=<9x25F<9J8:;HGQ<9PR8:52P\C=<pJ:52>@7952;=C=A=7%GQ52PR<9>91à52EF5FJ:52>
7TDEFV$52>@C=<9i$<9;>QDGQ8:>v)D79<9P@JD>w<979ABD798:52;=<9>6C=<KJDh<9J:<97%GQPR52>vGDU GQ8:7TDV0=JDn<979ABD798 52U ;

|

|f

|7
C=<9V$<9;=C=<L>B52U J:5C=<
0DC=<9E+DU >
|
|

465GIDEF52> A=<uBDTfC=52>wPR<9x28:52;=<9> 0A=<J:JDEDPR<9EF52> [ Of[R[ S0PR<9>RV$<97%GQ83DEF<9;HGQ<1-NO;gJDLPR<9x28 52U ;[

>R<pGQ8:<9;=<h|
0|
S0 |
T EF8:<9;HGQPQD>6A=<h<9;JDPR<9x28 52U ; [R[ \>R<pGQ8:<9;=<h|
|0

0Bf|
B1\o}Di$<9EF52>@<9;HGQ52;=79<9>A=<L<9J~7TDEFV$5 <9>6<9J~EF8:>REF5hGID;HGQ5F<9;jJD 952;BD[
7952EF5<9;JD 952;BDn[R[ 0BEF
8:<9;HGQPQD>\A=<
<9>vGQ58:;=C=8:7TDhA=<

_k
9< ;JD 952;BDn[

<9;JD 952;BD[R[
o8=JDuV=JD7TDu>RA=V$<9PR8:52POC=<@JD6SBx2A=PQD<9>vGDLU DA=;V$5GQ<9;=798DJ 0HPR<9>RV$<97%GQ5pDJDuV=JD7TDu>RA=V$<9PR8:52P0H<9;HGQ52;=79<9>
$
0V=A=<9>hC=<F<9>vGIDjED;=<9PQDW<9J 7TDEFV$5A=<9CBDjC=8:PR8:x28:C=5gC=<JDWV=JD7TDW>RA=V$<9PR8:52PpDJDW8:;}<9PR8:52P91
l5C=<9EF52>@7TDJ:79A=JDPwJD>\7TDPRxHD>@<9;JDhV=JD7TDn>RA=V$<9PR8:52P 0=A=>QD;=C=5FJDnPR<9JD798 52U ;
/ 7
A=>QD;=C=5 / (@ 0=A=<L<9>@<9J2<97%GQ52P6;=52PREDJDJDh>RA=V$<9PvSB798:<KC=<KC=8:7IBDV=JD7TD}1 o<K52i}GQ8:<9;=<<9;HGQ52;=79<9>

$

ui}GQ<9;=xHDEF52>JD7TDVBD798:CBDC C=<<9>vGQ<7952;=C=<9;=>QDC=52P 0wVBDPQDbJ:5b79ABDJ\C=<9i$<9EF52>F52i}GQ<9;=<9PFV=PR8:EF<9PR5JD
7TDPRxHD<9;JD>V=JD7TD>91ceJDEF<9EF52>
\f
S07952;<9>vGQ5gV$5C=<9EF52>< }V=PR<9>QDPJD7TDPRxHD
<9;jJDhV=JD7TDn>RA=V$<9PR8:52P\7952EF5
5

7

V$52P@J:5hGID;HGQ5JDn7TDVBD798:CBDCW<9>

wD>QDC=52>u<9;<9>vGIDPR<9JD798 52U 4; 0BV$5C=<9EF52>6C=<9798:PA=<pJDF7TDVBD798:CBDCj52i}GQ<9;=8:CBDF<9><9A=83DJ:<9;HGQ<hDFJDF7952Ehi=8 "
;BD798 52U ;W<9;VBDPQDJ:<9J:5nC=<KC=52>@7952;=C=<9;=>QDC=52PR<9> 0$C=<K7TDVBD798:CBDC=<9>
f

B1
l5C=<9EF52>\52i}GQ<9;=<9P6D=52PQDn<9J 2<97%GQ52P@V$52JDPR8 TD798 52U ; 0}fgJDhC=<9;=>R8:CBDCWC=<K7TDPRxHDnC=<V$52JDPR8 TD798 52U ;<9;
JDV=JD7TD>RA=V$<9PR8:52P91KN 8:C=<9;HGQ<9EF<9;HGQU< 0~<9;JD 952;BD<9;A=<nBDTfjD72 U 5 952;BD[ 6<9J2<97%GQ52PV$52JDPR8 TD798 52U ;
>R<pD;A=JVD 0=EF8:<9;HGQPQD>\A=<K<9;JDn5GQPQD 952;BDn>R<KGQ8:<9;=<

#
"

&
&

(

(F
&
_Hr

%

X

lDPQDPR<9A=;=8:P A=;>R8:>vGQ<9EDC=<\7TDPRxHD> <9;A=;BD7952;}SBx2A=PQD798 52U ;nCBDCBDu<9>O;=<979<9>QDPR8:5PR<TDJ:8 TDPGQPQDiBD R5=1 l52PO<9J

GQ<952PR<9EDC=<9JGQPQDiBD R5fpJD<9;=<9PRxB U DV0<9JGQPQDiBD R5uPR<TDJ:8 TDC=5VBD>QDD652PREDPVBDPvGQ<aC=<wJD<9;=<9PRxB U DV$5GQ<9;=798DJ
C=<9J~>R8:>vGQ<9EVD 0=<9;<9>vGQ<K7TD>R5F>R<KGQPQDGIDhC=<L<9;=<9PRxB U DnV$5GQ<9;=798DJ<9J:<97%GQPR52>vGDU GQ8:7TD}1
&
&
46 ! ( ' $& ! ,.")+( ' #" (546(*!

lDPQDp7952EF<9; TDP0 >RA=V$52;=xHDEF52>-A=<6GQ<9;=<9EF52>aA=;>R8:>vGQ<9EDLC=< / 7TDPRxHD> V=A=;HGQABDJ:<9>0 * 7 * ' 7 7 *$# 08:;=E "
<9PR>QD><9;A=;EF<9C=8:5C=8:<9J%<9U 7%GQPR8:795FJ:8:;=<TDJW0 8:>B5U GQPR52V$5Ffj=52EF52x<9U ;=<95B0 C=<hV$<9PREF83GQ838:CBDC 91Ksu<%GQ<9PREF8:;=<9EF52>
1

<9JGQPQDiBD R5g;=<979<9>QDPR8:5WVBDPQDJ:J:<%DPD<9>vGID> / 7TDPRxHD>C=<9>RC=<nA=;BDg7952;}SBx2A=PQD798 52U ;8:;=8:798DJ~<9;bA=<n>R<n<9; "

79A=<9;HGQPQD;g8:;}SB;=83GIDEF<9;HGQ<6>R<9VBDPQDCBD>aBD>vGIDpJDK7952;}SBx2A=PQD798 52U ;SB;BDJ<9;gA=<>R<u<9;=79A=<9;HGQPQD;gA=i=8:7TDCBD>a<9;
V$52>R8:798:52;=<9> 7 ' 7 7 # 1
PQD<9P@JDhV=PR8:EF<9PQDh7TDPRxHDn;=5F79A=<9>vGID;=8:;=xw=UA ;GQPQDiBD RB5 0
|
PQD<9P@JDh>R<9x2A=;=CBD7TDPRxHD8:EFV=J:8:7TDLPR<TDJ:8 TDPaGQPQDiBD R57952;HGQPQD<9Je7TDEFV$5nC=<KJDnV=PR8:EF<9PQDh7TDPRxHDV0
' _* R* ' ' K _* R* '
'
PQD<9P@JDpGQ<9PR79<9PQD7TDPRxHVD 0=79ABD;=C=5 * f * ' fHD<9>vGDU ;V=PR<9>R<9;HGQ<9>PR<9A=8:<9PR<KA=;WGQPQDiBD R5 , 0
, _* R* , _* ' R* , 7
,
',

D>T U 0}GQPQD<9P\JDn7TDPRxHD 0 aPR<9A=8:<9PR<KA=;WGQPQDiBD R5 0BCBDC=5V$52P
%,+
*
* %,+ _ R * %%

l52P@J:5hGID;HGQB5 0=GQPQD<9P\JD> / 7TDPRxHD>\BD7952>vGIDC=5FA=;gGQPQDiBD R5GQ5GIDJ 0
&+ ' #
+ # 7
J:5nA=<LV=A=<9C=<L<9>R79PR8:i=8:PR>R<7952EF5 ;=5GIDP\<9J)D7%GQ52P0
2!Y
_
&
_Hz

Y0 * *% + _* % R* %
_=130

=52PQDh8:C=<9;HGQ83SB7TDEF52>a<9J GQPQDiBD R5nPR<TDJ:8 TDC=5h7952;gJDh<9;=<9PRxB U DpV$5GQ<9;=798DJ <9J:<97%GQPR52>vGDU GQ8:7TDhC=<9J>R8:>vGQ<9EDV0
1 ui=>R<9Pv2<9EF52>6A=<L<9>vGIDPR<9JD798 52U ;g>R<LV=A=<9C=<K<9>R798:i=8:P\<9;JDh52PRED
Y0 * # * 7
+
C=52;=C=< <9>@<9JeV$5GQ<9;=798DJ<9;JDnV$52>R8:798 52U ;gC=<KJDh7TDPRxHD * 0BC=<9i=8:CBDDJePR<9>vGQ5FC=<KJD>w7TDPRxHD>0
*%,+ # _ * R% %

465GIDP\JD 3 >R52i=PR<KJD 0A=<K8:;=C=8:7TDhA=<L<9JG}<9U PREF8:;=5n7952; - C=<9i$<K52EF83GQ8:PR>R<uC=<KJDh>RA=ED}1
&
"

! ,4 $&$& "! -,H $ (*!
64 5GQ<9EF52>pA=<JD>K52U PREhA=JD>LV=A=<9C=<9;x2<9;=<9PQDJ:8 TDPR>R<DJ 7TD>R5C=<C=8:>vGQPR8:i=A=798:52;=<9>p7952;HG U ;ABD>pC=<7TDPRxHDV0

!S0}VBDPQDpJ:5p79ABDJ 7952;=>R8:C=<9PQDEF52>aA=;252J=UA EF<9; 0fJ:5pC=838:C=8:EF52>-<9; <9J:<9EF<9;HGQ52>wC=<6252J=UA EF<9;8 % 0
7952;7TDPRxHD 5 % % % 1-6>QDEF52>@JDh< }V=PR<9>R8 52U ;
Y0 * * _* % R* % 7
%+

A=<L<9>6<9V=J:8:7TDi=J:<DJe7TD>R5FC=<LA=;7952;"RA=;HGQ5FC=<L7TDPRxHD>@V=A=;HGQABDJ:<9> 0BfgJDDV=J:8:7TDEF52>\D;A=<9>vGQPR57TD>RB5 0
GQ52ED;=C=5J:A=<9x25<9JeJ U EF83GQ<6<9;A=< 0=<9;HGQ52;=79<9>>R<GQ8:<9;=<
Y0 ! _ - / ! 2 , / , 7

fGIDEhi=8%<9U ;
Y0 ! 2 ,
465GQ<9EF52> A=U< 0=<9;JD=UA J3GQ8:EDu< }V=PR<9>R8 52U 4; 0 ! -<9>w<9J$V$5GQ<9;=798DJ<9J:<97%GQPR52>vGDU GQ8:795LGQ5GIDWJ 0C=<9i=8:C=5HDLGQ5CBD
JDnC=8:>vGQPR8:i=A=798 52U ;gC=<K7TDPRxHD>91
&

1
! ,.")+( ' #" &'&$& ,. H "!

a` 52EF5n<9;W7TDCBDh7952;=C=A=7%GQ52P\<9JV$5GQ<9;=798DJ <9>\7952;=>vGID;HGQ<U0=fJDp7TDPRxHDh>R<C=8:>vGQPR8:i=A}f2<<9;gJDh>RA=V$<9PvSB798:<7952;
C=<9;=>R8:CBDC 0B>R<GQ8:<9;=<
Y0 *
! 2 %
%
NO;HGQ52;=79<9> 0JDn<9;=<9PRxB U DnC=<KA=;>R8:>vGQ<9EDnC=< / 7952;=C=A=7%GQ52PR<9>>R<KV=A=<9C=<L<9>R79PR8:i=8:P\7952EF5

_H

Y0 * # 5
%,+

% %
64 5GIDPpA=<JDj<9;=<9PRxB U DjC=<A=;>R8:>vGQ<9EDjC=<7952;=C=A=7%GQ52PR<9>nJ:A=79<52PREDJ:EF<9;HGQ<8:Ca<9U ;HGQ8:7TDDjJDjC=<A=;

>R8:>vGQ<9EDC=<F7TDPRxHD>LV=A=;HGQABDJ:<9>91o8:; <9EhiBDPRx25B0BDTfbA=<;=5GIDPLA=<JDg< }V=PR<9>R8 52U ; VBDPQD7952;=C=A=7%GQ52PR<9>
8:;=79J:A}f2< 3 DA}GQ5 " <9;=<9PRxB U D> 3 0e<9>LC=<9798:P0~JD<9;=<9PRxB U Dg;=<979<9>QDPR8DWVBDPQDg79PR<TDPKJDg7952;}SBx2A=PQD798 52U ;bC=<7TDPRxHD>K<9;
J:52>K7952;=C=A=7%GQ52PR<9>91 -<9PR<9EF52>KA=<JDW<9;=<9PRxB U DW<9J:<97%GQPR52>vGDU GQ8:7TDgV=A=<9C=<8:;HGQ<9PRV=PR<%GIDPR>R<7952EF5jDJ:ED79<9;BDCBD
*+a# ' H(! 0B7952EF5DJ3GQ<9PR;BDGQ83DnDnJDh8:;HGQ<9PRV=PR<%GID798 52U ;WA=< BA}f2<LC=<KJDh<979ABD798 52U ;jD;HGQ<9PR8:52P91
!" ' c~Dn<9;=<9PRxB U DnV$5GQ<9;=798DJ<9J:<97%GQPR52>vGDU GQ8:7TDnV=A=<9C=<L<9>R79PR8:i=8:PR>R<7952EF5
Y0 2 ,
_=1Z!Y

6 685 9 K ;>A FI G 9 :<;>=@?BA J ? IG ? C<=G ; "K G 9S;>A G

o<GQ8:<9;=<uA=;BDn<9>v<9PQDnC=<KPQDC=8:5 0=7952;WC=<9;=>R8:CBDCWC=<7TDPRxHD S0=<9;<9J D72 U 5=1-o<C=<9>R<TDC=<%GQ<9PREF8:;BDPw>RA
<9;=<9PRxB U DnV$5GQ<9;=798DJ<9J:<97%GQPR52>vGDU GQ8:7TD}1-NO>vGID<9;=<9PRxB U DnV=A=<9C=<K>R<9P@7TDJ:79A=JDCBDhA=>QD;=C=5FJDn<}V=PR<9>R8 52U ;jD;HGQ<9PR8:52P
" x2<9;=<9PQDJ:&8 TDCBDnDV=PR52V=8DCBDEF<9;HGQ< " 5Fi=8:<9;W7952;<9Je>R8:x2A=8:<9;HGQ<V=PR579<9C=8:EF<9;HGQ5
oA=V$52;=xHDEF52>aA=<JDp7TDPRxHDpC=<uJDp<9>v<9PQDn>R<GQPQD<u<9;W7TD>R7TDPR52;=<9>\C=<u<9>RV$<9>R52P H 0}7952;g7TDPRxHD 5 ! 1
NOJGQPQDiBD R5F;=<979<9>QDPR8:5VBDPQDnGQPQD<9P\<9Je7TD>R7TDPB52U ;C=<K<9>RV$<9>R52"P H 0=A=i=8:7TDC=5<9; 7 H! a<9>
5 ! 2 5 7

_ R

<9;jA=< 5 ! w<9>JD7TDPRxHDFA=<LfHDBDF>R8:C=5GQPQD= U CBVD 0<9>vGDFU 7952;HGQ<9;=8:CBD<9;HGQPR<pJ:52>@PQDC=8:52>6|f 0Bf<9>vGD U
CBDCBDV$52P
5 ! -
2 ,
_
'
2

su<<9>vGIDED;=<9PQVD 0=JDn7TDPRxHDnC=<9Je7TD>R7TDPB52U 4; 0 5 ! a<9>
5 !
O_ e ' ! 2H
52EF<9EF52> 0$VBDPQD>R8:EFV=J:83SB7TDP@<9J7TDJ:79A=J:B5 0 /
2 /
0 fjJ:JDEF<9EF52> 5 KDJDF7TDPRxHDFGQ5GIDJC=<hJ:<
<9>v<9PQD}1wo<GQ8:<9;=<
5 ! O , 5 7
V$52P\J:5hGID;HGQB5 0 5 ' H
_ , S0}fSB;BDJ:EF<9;HGQ<
Mk _ 5 '
6 6
JLK ; K VG "J A M :<G KRJ
V=J:8:7TDEF52>wJDh52U PREhA=JDpVBDPQDn7952;=C=A=7%GQ52PR<9> 0fGQ<9;=<9EF52>\JD>\>R8:x2A=8:<9;HGQ<9>@< }V=PR<9>R8:52;=<9>DJ3GQ<9PR;BDGQ83D>
5
2Y
& '
2Y

5 '$
2Y
k|

6>QD;=C=5FJDhC=<9;=>R8:CBDCC=<K<9;=<9PRxB U DV0
J:5n79ABDJeCBD<9JePR<9>RA=J3GIDC=5FD;HGQ<9PR8:52P0
'
Y S0=7952;<9Je7TDEFV$5

'
Y 7
, K '

0}f 5

S 0
2Y
6 6 9S;>A G = JLK =GHA 7G "M ;>ABDF=>C<G : "K C J A ;

su<%GQ<9PREF8:;BDPuJD<9;=<9PRxB U DgV$5GQ<9;=798DJ<9J:<97%GQPR52>vGDU GQ8:7TDC=<nA=;BDg<9>v<9PQDWC=<nPQDC=8:5 0e7952;b7TDPRxHDg>RA=V$<9PvSB798DJ
0A=;=8352PREF<9EF<9;HGQ<@C=8:>vGQPR8:ie U CBD>R52i=PR<>RA>RA=V$<9PvSB798:<1-NOJV$5GQ<9;=798DJ<9J:<97%GQPR52>vGIDGQ8:795LC=<6<9>vGIDpC=8:>vGQPR8:i=A=798 52U ;
<9>
VBDPQDy
!O 5 5
_ _ I
VBDPQD ^ 7
C=52;=C=< 5 _ ' 1-NOJe7TDEFV$5<9J%<9U 7%GQPR8:795<9>
|
VBDPQD5

5
_ I-' VBDPQDy
c~DnC=<9;=>R8:CBDCC=<K<9;=<9PRxB U Dn<9J:<97%GQPR52>vGDU GQ8:7TDn<9> 0
5 '
7 VBDPQDy

MHY ' I
fg>R<LD;A=JDnVBDPQDn 1-[];HGQ<9x2PQD;=C=B5 0B52i}GQ<9;=<9EF52> 0
z 5 '
à52EF5>R<GQPQDGIDnC=<KA=;BD7eDU >R7TDPQD<9>v <9U PR8:7TDV0}f <9U >vGIDn>R<L<9;=79A=<9;HGQPQDDnV$5GQ<9;=798DJ7952;=>vGID;HGQ<U0BGQ<9;=<9EF52>

<9JeEF8:>REF5nPR<9>RA=J3GIDC=5FD;HGQ<9PR8:52P91
5

2YK z 5 ' 7
(*! / $&/ ' #%$ (*!

$ "!
à52EF5g2<9PR<9EF52>L<9; <9>vGIDW>R<979798 52U ;40<9JO7952;=5798:EF<9;HGQ5gC=<JDg<9;=<9PRxB U Dg<9J:<97%GQPR52>vGDU GQ8:7TDgC=<A=;
1 21
"
V$<9PREF83GQ8:PBDpU 52i}GQ<9;=<9P68:;}52PRED798 52U ;D79<9PR7TDC=<KJD>wA=<9P TD>@fGQ52PRA=<9>@>R52i=PR<L>RA=>@VBDPvGQ<9>91

>R8:>vGQ<9EDg;=52>
6 685 C ?B; G G C B:<G "J

à52;=>R8:C=<9PR<9EF52>wA=;BDh>R8:>vGQ<9ED ' ()#T ' ~! fV$<9PREF83GIDEF52>-A=<uA=;BDhVBDPvGQ<C=<u<9>vGQ<>R8:>vGQ<9EDp>R<uEhA=<%DpiBD R5
JDgD79798 52U ;C=<JDFA=<9P TD>K<9J%<9U 7%GQPR8:7TD>91no<TD
<9J C=<9>RV=JD)TDEF8:<9;HGQ5gC=<9JO>R8:>vGQ<9ED}1pNOJ GQPQDiBD R5gEF<97eDU ;=8:795
PR<TDJ:&8 TDC=5h<9>

&

k 0
à52EF5<9J>R8:>vGQ<9EDF<9>vGDU D8:>RJDC=5B0B<9J~GQPQDiBD R5EF<97eDU ;=8:795F>R<hPR<TDJ:8 TDFDF7952>vGIDC=<pJDF<9;=<9PRxB U DF<9J%<9U 7%GQPR8:7TD
C=<9J~>R8:>vGQ<9EVD 0

|

V$52P\J:5hGID;HGQB5 0

&
" & / +

&
c~DhA=<9P TD A=<9CBDFCBDCBDn<9;HGQ52;=79<9>V$52P
&

_=1 M
/ +
NOJC=<9>RV=JD TDEF8:<9;HGQ5
V=A=<9C=<h>R<9PuJ:8:;=<TDJe5gD;=x2 A=JDPT$>R8<9>uJ:8:;=<TDJW0 & <9>uA=;BDFA=<9P TDV0 EF8:<9;HGQPQD>6A=<
>R8~<9>6D;=x2A=JDP & <9>6A=;WGQ52PRA=<1
&
)

6 6 C ?B; G G MOJ ?B; K =>C<G :<; Q= JLK ?BG K ?B;
<9;=<9EF52> A=;>R8:>vGQ<9EDC=<@7952;=C=A=7%GQ52PR<9>0J:52>O79ABDJ:<9>O>R<@ED;HGQ8:<9;=<9;D O!B *H( ' # "9!$# 0V$52POEF<9C=8:5C=<
A=<9;HGQ<9>C=<K<9;=<9PRxB U Dn<GQ<9PR;BD>&iBDGQ<9PT U D> 1 o8C=<]QDEF52>@A=<KA=;BDC=<KJD>\VBDPvGQ<9>@>R<KEhA=<%DnGQ<9;=C=PR<9EF52>

7
<9;KA=< <9>~<9JGQPQDiBD R5@C=<OJD>iBDGQ<9PT U D>0";=<979<9>QDPR8:5@VBDPQD\ED;HGQ<9;=<9P

T<9;KJ:52>e7952;=C=A=7%GQ52PR<9>91
l52P@5GQPQDnVBDPvGQ<U0BVBDPQDnA=;>R8:>vGQ<9EDnC=<K7952;=C=A=7%GQ52PR<9>6JDn<9;=<9PRxB U Dn>R<K<9>R79PR8:i$<
Y0 * # 5 % % 7
%,+

V$52P\J:5hGID;HGQ5B0DnV$5GQ<9;=798DJ:<9> % 7952;=>vGID;HGQU< 0
0 *# % 5 %

Y %,+
l52P@5GQPQDnVBDPvGQ<U0 <9>@<9JGQPQDiBD R5;=<979<9>QDPR8:5FVBDPQDnGQPQD<9P\7TDPRxHD> 5 % D:J 52>w7952;=C=A=7%GQ52PR<9>0$J:A=<9x25

*%,+ # % 5 % Y

J:A=<9x25 ;=5GIDP@JDhC=83<9PR<9;=798DnC=<K>R8:x2;=57952;W<9Je7TD>R5 )D S0

?8:;BDJ:EF<9;HGQ<U0}JDpA=<9P TDA=<9CBDCBDCBDV$52P

&

/ +

_=1 _
k2Y

6 6
JLK ; K VG "J A M :<G KRJ
?BA=<9PTDn<9;HGQPR<KJD>wV=JD7TD>wC=<A=;W7952;=C=<9;=>QDC=52P@V=JD;=5=1-o<C=8:>vGQ8:;=x2A=<9;gC=52>\7TD>R52>0DA=;=A=<<9>@79JDPR5hA=<
JDhA=<9P TD<9>@JDnEF8:>REDp<9;jDEhi$52>91
8 g`wDPRxHD7952;=>vGID;HGQ<1 c~D<9;=<9PRxB U Dn>R<KV=A=<9C=<L< }V=PR<9>QDP6<9;WA=;=798 52U ;WC=<KJDh7TDPRxHVD 0B7952EF5
Y5 ' Y
5 ' 7
<9;Â=< <9>F<9JDU PR<TDbC=<JD>nV=JD7TD>C=<9J\7952;=C=<9;=>QDC=52P 0
JD>R<9VBDPQD798 52U ;C=<WJD>V=JD7TD> 0 JD
7952;=>vGID;HGQ<C=8:<9J%<9U 7%GQPR8:7TVD 0Hf

JDL7TDVBD798:CBDC1-à52;g<9>vGQB5 0}V$5C=<9EF52>a<%DJ:ABDP DU 798:J:EF<9;HGQ<@JD
A=<9P TVD 0
5
& / + Y '
8:8 l5GQ<9;=798DJ7952;=>vGID;HGQ<1-l5C=<9EF52> < }V=PR<9>QDPa JD<9;=<9PRxB U DK<9;A=;=798 52U ;FC=<6JDC=83<9PR<9;=798DKC=<6V$5GQ<9;=798DJ

0BVBDPQDnV$5C=<9P\BD79<9P@JDnC=<9PR83DCBDn<9;W52PREDh>R<9;=798:J:JVD 0
Y & ' Y ' 7
<9;HGQ52;=79<9>JDhC=<9PR83DCBDn<9>\DU 798:JC=<KPR<TDJ:&8 TDP 0fDJ:<

5
& / + Y '
Y ' 7
'

<9;A=<L=<9EF52>@>RA=V=A=<9>vGQ5A=<KJDn7TDPRxHDnC=<9Je7952;=C=<9;=>QDC=52P6<9> 5
F1
6 6 GHA 7G M"K ? G : M :<G KRJ = JLK =@? J A

6;BDp7TDPRxHDpV=A=;HGQABDJ * 0}DpA=;BDpC=8:>vGID;=798D PR<9;HGQ<DLA=;V=JD;=5p7952;=C=A=7%GQ52Pa8:;}SB;=83GQ5B0DpV$5GQ<9;=798DJ79<9PR5 3
DFGQ8:<9PRPQD 3 16NOJ7TDEFV$5<9J%<9U 7%GQPR8:795VBDPQD<9>vGID7952;}SBx2A=PQD798 52U ;fHDBD>R8:C=5PR<9>RA=<9J3GQ5V$5EF<9C=8:5FC=<9JE GQU 5C=5
C=<nJD>u8:E+DU x2<9;=<9> 0D=52PQDA=<9PR<9EF52>7TDJ:79A=JDP6JDFA=<9PTDgA=<n<9J V=JD;=5<]R<9PR79<n>R52i=PR<nJD7TDPRxHD * 1LlDPQD
7TDJ:79A=JDP\<9>vGQ5FV$5C=<9EF52>\V=PR579<9C=<9P@C=<KC=52>@ED;=<9PQD>91
NO;gV=PR8:EF<9PaJ:A=xHDP 0A=>QD;=C=5JDp8:C=<TDpC=<C=8:7I=5nE<%U GQ5C=B5 0JDLA=<9P TDni=A=>R7TDCBDnC=<9i$<u7952PRPR<9>RV$52;=C=<9P6DpJD
A=<9P TDp<9;HGQPR<6JDK7TDPRxHD * f>RA8:E+DU x2<94; 0HA=<52i}GQ<9;=C=PR<9EF52>aDLVBDPvGQ8:POC=<JD<9;=<9PRxB U DKV$5GQ<9;=798DJBC=<JD>-C=52>
7TDPRxHD> 0B>R<9VBDPQDCBD>6V$52P\JDhC=8:>vGID;=798Dn 0

_ * ' I
à52;<9>vGQB5 0JDpA=<9P TD>R<9PBD U
& _ * ' I
'

=52PQVD 0BJDhC=8:>vGID;=798Dn<9;HGQPR<KJD>\7TDPRxHD>@<9>@K Y4 0BV$52P\J:5hGID;HGQ5
& 0 r * '
'
4DGQA=PQDJ:EF<9;HGQU< 0A=;BDp2< PR<97952;=5798:C=5p<9J =<97I=5nA=<uJDLA=<9P TDp<9>\DA=<9J:JDL<9;HGQPR<uC=52>w7TDPRxHD>aV=A=;HGQABDJ:<9> 0
<9JePR<9>RA=J3GIDC=5D;HGQ<9PR8:52Pw<9>6<%8:C=<9;HGQ<1
"GQPQDED;=<9PQDC=<L2<9PRJ:57952;=>R8:>vGQ<L<9;52i=>R<9PvDP6A=<pJDnA=<9
P TDF7952PRPR<9>RV$52;=C=<hDFJD8:;HGQ<9PQD79798 52U ;<9;HGQPR<
JD7TDPRxHD * 0=fWJDnC=<9;=>R8:CBDCjC=<L7TDPRxHD8:;=C=A=798:CBD
7 S0B52i}GQ<9;=8:CBDV=PR<%8DEF<9;HGQ<1wl52P6J:5nGID;HGQB5 0iBD>vGID
8:;HGQ<9x2PQDP\VBDPQDn7TDJ:79A=JDP\C=8:7IBDhA=<9P TD}1

kM

6 6
J A ; J RA ; "K C MOJ : J ; K =G MOJ ; ?B;>A KRJ
su<%GQ<9PREF8:;=<9EF52>wJDpA=<9PTDn>R52i=PR<A=;C=8:V$52J:5p<9;A=;W7TDEFV$5n<GQ<9PR;=5 ! 1 oA=V$52;=xHDEF52>wA=<
<9JC=8:V$52J:5p<9>vGDnU C=8:>RV=A=<9>vGQ5<9;WA=;gV=A=;HGQ5C=<79552PRC=<9;BDCBD> 0fJ:5p8:>RABDJ:8&TDEF52> 7952EF5nA=;BDh7TDPRxHD *
A=i=8:7TDCBD<9; 0fnA=;BDu7TDPRxHD * 02J:57TDJ:&8 TDCBD6<9; B 1ONO;HGQ52;=79<9> 0JD<9;=<9PRxB U DuC=<9JBC=8:V$52J:5<9;<9>vGQ<@7TDEFV$5
<GQ<9PR;=5<9>
* * - * ! O !
oA=V$52;=xHDEF52>A=<a<9J7TDEFV$5 V=A=<9C=<w7952;=>R8:C=<9PQDPR>R< 7952EF5A=;=8352PREFU< 0"<9;HGQ52;=79<9> 0HJ:JDED;=C=5 DJ DU ;=x2A=J:5
A=<K52PREDh<9JeEF52EF<9;HGQ5nC=8:V$52JDP 7952;<9Je7TDEFV$5<9J%<9U 7%GQPR8:795 0

NOJGQ52PRA=<L<9>@JDhC=<9PR83DCBD
/
NO>vGQ5K8:;=C=8:7TDA=<\<9J=C=8:V$52J:5;=5< }V$<9PR8:EF<9;HGIDGQ 52PRA=<\VBDPQDuJ:52>DU ;=x2A=J:52> | 7 7 Y O1[];=C=A=CBDi=J:<9EF<9;HGQU< 0
JDj7952;}SBx2A=PQD798 52U ; |<9>nC=<<9A=8:J:8:i=PR8:5j<9>vGIDi=J:U< 0OEF8:<9;HGQPQD>pA=<WJD7952PRPR<9>RV$52;=C=8:<9;HGQ<D <9>
8:;=<9>vGIDi=J:<1

k_

X

6<9EF52>a8:>vGQ5h7952;WDJ:xw=UA ;C=<%GIDJ:J:<6J:52> <9;@52U EF<9;=52>w<9J%<9U 7%GQPR8:7952>a<9>vGDU GQ8:7952>91-NO>w;BDGQA=PQDJ V=PR<9x2A=;HGIDPR>R<KD=52PQD

V$52P\J:52>w<%<97%GQ52>@V=PR5C=A=798:C=52>\V$52Pw<9JeEF58:EF8:<9;}GQ5pC=<7TDPRxHD>\<9J%<9U 7%GQPR8:7TD>91-NO;WG}<9U PREF8:;=52>wEhA}fx2<9;=<9PQDJ:<9>0
<9J$EF5 8:EF8:<9;HGQ5KC=<67TDPRxHD> <9J%<9U 7%GQPR8:7TD> 7952;=>vGQ83GQA}f2<A=;BDL7952PRPR8:<9;HGQ<6<9J%<9U 7%GQPR8:7TD}1ONO;EDTf252P-5pEF<9;=52P x2PQDC=5B0
GQ5C=52>KJ:52>EDGQ<9PR8DJ:<9>u>R52; 7TDVBD79<9>LC=< 3 7952;=C=A=798:P 3 A=;BDW7952PRPR8:<9;HGQ<<9J:<97%GQPR8:7TD}1Fc~D>K7TDPQD7%GQ<9PT U >vGQ8:7TD>KC=<9J
<9;@52U EF<9;=5FC=<K7952;=C=A=79798 52U ;jC=<9V$<9;=C=<9;jC=<9JeEDGQ<9PR8DJ 7952;=>R8:C=<9PQDC=5=1wo<KV=A=<9C=<L79JD>R83SB7TDP\J:52>\EDGQ<9PR8DJ:<9>
C=<D79A=<9PRC=5DW>R8-7952;=C=A=79<9; 7952PRPR8:<9;HGQ<<9J:<97%GQPR8:7TDW7952;b)D798:J:8:CBDC5;=5 w7952;=C=A=7%GQ52PR<9>Lf D8:>RJDC=52PR<9> Se0 5
i=8:<9;^<9;52PREDED>79ABD;HGQ83GIDGQ83DV-0 7952EF5 J:5bBDPR<9EF52>FED>FDC=<9JD;HGQ<1+c~Db>R8:x2A=8:<9;HGQ<gGIDi=JD;=52>FCBD
DJ:x2A=;=52>\<]R<9EFV=J:52>\C=<KEDGQ<9PR8DJ:<9>w7952;=C=A=7%GQ52PR<9>6C=<KC=832<9PR>R52>@GQ8:V$52>91

"
"-,.
/ "! ,4 (
6;BD7952PRPR8:<9;HGQ<h<9J:<97%GQPR8:7TDF<9> 0>R8:EFV=J:<9EF<9;HGQU< 0 <9JEF5 8:EF8:<9;HGQ5C=<h7TDPRxHD><9J:<97%GQPR8:7TD>91su<%SB;=8:EF52>6JD7952P

PR8:<9;HGQ<F<9J:<97%GQPR8:7TD207952EF5JDW7TDPRxHDW<9J%<9U 7%GQPR8:7TD 5 A=<FVBD>QDjDWGQPQDT2<9>pC=<FA=;BD>R<979798 52U ; C=<+DU PR<TD C=< "
7952;=C=A=7%GQ52P 0V$52P\A=;=8:CBDCWC=<GQ8:<9EFV$5 !
S0
!5
k130
~c Dp7952PRPR8:<9;HGQ<<9J:<97%GQPR8:7TD>R<EF8:C=<6<9;HGQ52;=79<9>w<9;7952A=J:52EhiV$52P >R<9x2A=;=C=5 )DEFV$<9PR< O0 0$

1
465GQ<9EF52>FA=<U0\C=<jD79A=<9PRC=5 D ;A=<9>vGQPQD C=<%SB;=8:798 52U ;40 GID;HGQ5 J:52>V$52PvGIDC=52PR<9>C=<j7TDPRxHDbV$52>R83GQ83D7952EF5
;=<9xHDGQ83Dn7952;HGQPR8:i=A}f2<9;DnJDh7952PRPR8:<9;HGQ<K<9;<9JeEF8:>REF5n>R<9;HGQ8:C=5 C=<9J~EF8:>REF5h>R8:x2;=5 1
Di=JDFk130!O\8:V$52>\C=<KEDGQ<9PR8DJ:<9>0V$52PvGIDC=52PR<9>\C=<K7TDPRxHDhfg<]R<9EFV=J:52>wC=<KEDGQ<9PR8DJ:<9>wPR<TDJ:<9>\<9;J:52>wA=<
>R<L<9;=79A=<9;HGQPQD;
\8:V$5C=<pà52;=C=A=7%GQ52P l52PvGIDC=52P\C=<K7TDPRxHD N$R<9EFV=J:5
à52;=C=A=7%GQ52P6EF<%GDU J:8:795 <9J:<97%GQPR52;=<9>
>0 >0 0
S0
o<9EF8 " 7952;=C=A=7%GQ52P

<9J:<97%GQPR52;=<9>\fgA=<97952> - 0 0 0B<%GQ71
oA=V$<9PR7952;=C=A=7%GQ52P
VBDP\C=<pà552V$<9P
0 0}<%GQ71
KD>R<9>@8:52;=8 TDC=52>
8:52;=<9>
&
k2k
kr

N"&!. ' (*' ' "-,.

us <hJDC=<%SB;=8:798:52;D;HGQ<9PR8:52PPR<9>RA=J3GID79JDPR5A=<nJDF7952PRPR8:<9;HGQ<hA=<nVBD>QDV$52PA=;BD>R<979798 52U ;CBDCBDC=<h7952; "

C=A=7%GQ52P\C=<9V$<9;=C=<GID;HGQ5C=<9J;u=UA EF<9PR5hC=<V$52PvGIDC=52PR<9>\C=<7TDPRxHDh7952EF5hC=<>RAg2<9J:5798:CBDC1 à52;=>R8:C=<9PR<9EF52>
A=;7952;"RA=;HGQ5gC=<h7TDPRxHD>A=<h>R<hEhA=<%2<9;GQ5CBD>7952;JDFEF8:>REDn2<9J:5798:CBDC GQ8:<9;=<9;JDFEF8:>REDF7TDPRxHD
* 1aoA=V$52;=xHDEF52>\A=<KBDTf / 7TDPRxHD>@V$52P\A=;=8:CBDCWC=<252J:A=EF<9;1
?8:x2A=PQDk130!-su<%SB;=8:798:52;gC=<KC=<9;=>R8:CBDCC=<K7952PRPR8:<9;HGQ<1
v
v
v
ON ;A=;8:;HGQ<9PvDJ:5C=<GQ8:<9EFV$5 !
S0JD>7TDPRxHD>g>R<bEhA=<%2<9;A=;BDC=8:>vGID;=798D !
STV$52PgJ:5 GID;HGQ5JD
7TD;HGQ8:CBDCC=<K7TDPRxHDnA=<LVBD>QDnV$52P\<9J~DPQD <9> 5 0
5
* / !
7
V$52P@J:5hGID;HGQB5 0=JDn7952PRPR8:<9;HGQ<KA=<KVBD>QDV$52P\<9J~DPR<TD <9>
/ *
o<LC=<%SB;=<K<9;HGQ52;=79<9>JDhC=<9;=>R8:CBDCC=<K7952PRPR8:<9;HGQU< 0 0=GIDJA=<
n

v. n dt

"
&! (*"! ' /(+ (546(
/ "! ,4 (
~c Du7TDPRxHDu;=<%GIDu<9;79ABDJ:A=8:<9P PR<9x28:52;hC=<9J=<9>RVBD798:5>R<\7952;=>R<9PvD7952;=>vGID;HGQ<1-NO>vGQ<\V=PR8:;=798:V=8:56A=;=CBDEF<9;HGIDJ
>R<< }V=PR<9>QDEDGQ<9E+DU GQ8:7TDEF<9;HGQ<<9;JD <979ABD798 52U ; C=<7952;HGQ8:;A=8:CBDC à52;=>R8:C=<9PR<9EF52>A=;<9J:<9EF<9;HGQ5C=<
252J:A=EF<9; 0B79ABDJ:A=8:<9PQDV0=J:8:EF83GIDC=5LV$52P@JDh>RA=V$<9PvSB798:< 0
c~Dn7952PRPR8:<9;HGQ<KA=<K>QDJ:<KC=<9J252J=UA EF<9; 0BJ:5nBD79<L>B52U J:5DnGQPQDT-<9U >@C=< 0
7
V$52PO<9JBV=PR8:;=798:V=8:5uC=<\7952;=>R<9PvD798 52U 4; 0JDu7952PRPR8:<9;HGQ<\A=<@>QDJ:<\C=<9J}252J:A=EF<9; 0H>R<@C=<9i$<@DA=;FC=<979PR<9798:EF<9;HGQ5
C=<LJDh7TDPRxHDn7952;HGQ<9;=8:CBD<9; 0 n " 5
!
1 l52P\5GQPQDnVBDPvGQU< 0
5 ! 2 7
J:A=<9x2B5 0=7952EF5 <9>@A=;W252J:A=EF<9;W79ABDJ:A=8:<9PQVD 0=>R<KGQ8:<9;=<JDn<979ABD798 52U ;WC=<K7952;HGQ8:;A=8:CBDC1
|

k1Z!Y

k2

S = superficie que limita

al volumen V
J(r)
dQ/dt
V = volumen cualquiera
? 8:x2A=PQDFk1ZY awDJD;=79<LC=<L7TDPRxHD<9J%<9U 7%GQPR8:7TD<9;jA=;W252J:A=EF<9;1\NOJ~7TDEhi=8:5C=<LJ:<K7TDPRxHD<9;jA=;BDFPR<9x28 52U ;W<9>

C=<9i=8:C=5DnJDh7952PRPR8:<9;HGQ<KA=<L>QDJ:<KDhGQPQDT-<9U >6C=<KJDh>RA=V$<9PvSB798:<A=<LJ:8:EF83GIDL<9J252J:A=EF<9; 1
Di=JD k1ZY DJ:52PR<9>C=<jJDbPR<9>R8:>vGQ838:CBDCf<9J@VBDPBDU EF<%GQPR5 C=<DPR8D798 52U ;7952;+JDGQ<9EFV$<9PQDGQA=PQDV0wVBDPQD
DJ:x2A=;=52>\EDGQ<9PR8DJ:<9>91
jDGQ<9PR8DJ 0
Y|2|H`
7

J
6Y 4
z H0 | z |}1 |2|2M2
àA
0 Z H0 | z |}1 |2|2M2
A
6Y
_ H0 | z |}1 |2|2M_
<
|}1 _k
" |}1 |_Hz
<
|}1 |}0
k
0 |
21
!
' &)
N }V$<9PR8:EF<9;HGIDJ:EF<9;HGQR<BDh<9;=7952;HGQPQDC=5A=U< 0=VBDPQDhEhA=7I=52>\7952;=C=A=7%GQ52PR<9> 0DLGQ<9EFV$<9PQDGQA=PQDh7952;=>vGID;HGQ<U0

JDnC=<9;=>R8:CBDCC=<K7952PRPR8:<9;HGQ<K<9;<9JeEDGQ<9PR8DJ$<9>6V=PR52V$52PR798:52;BDJDJe7TDEFV$5n<9J:<97%GQPR8:795B0

k1 M
c~DL7952;=>vGID;HGQ< n>R<6C=<9;=52EF8:;BDK7952;=C=A=7%GQ838:CBD4C 0f<9> A=;BDLV=PR52V=8:<9CBDCC=<9JEDGQ<9PR8DJ 1c~DL>R8:x2A=8:<9;HGQ<\GIDi=JD
EhA=<9>vGQPQDFDJ:x2A=;=52>wDJ:52PR<9>wG U V=8:7952>wC=<LJDhPR<9>R8:>vGQ838:CBDC 0
$1
o<p<9;=79A=<9;HGQPQVD 0 GIDEhi=8:<9;j< }V$<9PR8:EF<9;HGIDJ:EF<9;HGQU< 0$A=<hJDPR<9>R8:>vGQ838:CBDCDPT U DF7952;JDnGQ<9EFV$<9PQDGQA=PQD<9;
JDh52PRED
0
c~D7952;=>vGID;HGQ< <9>@<9Je7TDEhi=8:5hPQD79798:52;BDJC=<KJDhPR<9>R8:>vGQ838:CBDCW7952;JDpGQ<9EFV$<9PQDGQA=PQD
0 /
+

kz

à52;=>R8:C=<9PR<9EF52>wA=;gEF<9C=8:5h7952;=C=A=7%GQ52P
52=EF;=8:795 3 S0}7952;gA=;BDhV$<9PREF83GQ838:CBDCFC=8:<9J:<97%GQPR8:7TD& 91
52ED;=C=5<9;79A=<9;HGIDFJDhJ:<%fgC=< u=E<9;JDh<979ABD798:52;C=<K7952;HGQ8:;A=8:CBDC40=>R<GQ8:<9;=<
-

l52P@J:5nGID;HGQB5 0=>R<L79A=EFV=J:<JDhPR<9JD798:52;
|7

79A}fHDF>R52J:A=798 52U ;W<9> 0BVBDPQDnA=;W252J:A=EF<9; 7952;7TDPRxHDn8:;=8:798DJ 5 0
5
- 5
c~D7952;=>vGID;HGQ<
6<9>uC=<9J52PRC=<9;C=<0 | WVBDPQDFA=;7952;=C=A=7%GQ52Pi=A=<9;=5=1NO;5GQPQD>VBDJDi=PQD> 0
<9JGQ8:<9EFV$5A=<nC=<9EF52PQD<9J8:;HGQ<9PR8:52PC=<hA=;b7952;=C=A=7%GQ52Pu<9; DJ:7TD; TDP>RAb<9>vGIDC=5WC=<h<9A=8:J:8:i=PR8:5F<9>vGIDGQ8:795
<9>6C=<9Je52PRC=<9;C=<0 | 0=8:PvGQABDJ:EF<9;HGQ<u8:;=>vGID;HGDU ;=<95=1
$"

' "/ '
$&'
ON >vGQ<@EF5C=<9J:5V=PR52V$52PR798:52;BD6A=;BDuC=<9>R79PR8:V$798 52U ;DC=<979ABDCBDV0HC=<9>RC=<@<9J}V=A=;HGQ5KC=<a8:>vGIDv U >R8:795B0C=<9J<9;@52U EF<9;=5

C=<L7952;=C=A=79798 52U ;<9J%<9U 7%GQPR8:7TDV0}iBD>QDC=5F<9;A=;EF5C=<9J:5nEhA}fg>R<9;=798:J:J:5=1
NOJEF5C=<9J:57952;=>R8:>vGQ<6<9;7952;=>R8:C=<9PQDP DKA=;7952;"RA=;HGQ5pC=<6V$52PvGIDC=52PR<9>-C=<67TDPRxHD <9J:<97%GQPR52;=<9> 0C=<67TDPRxHD
S0O7952;C=<9;=>R8:CBDC / V$52PpA=;=8:CBDCC=<252J=UA EF<9;1jl52Ph<]R<9EFV=J:B5 0 <9;A=; 7952;=C=A=7%GQ52P
*EF<% GDU !J:8:79 gB5 0@f < E}8:D>v>QGQD< A=;
7952;"RA=;HGQ5C=<8:52;=<9> 06A=R<b<9;=79A=<9;HGQPQD;C=8:>RV=A=<9>vGQ52>g52PRED;=C=5A=;<9;=PR<]QDC=5
V$<9PR8 52U C=8:79B5 0}fGQ8:<9;=<9;A=;BDEF5 8:J:8:CBDCEhA=7I=5EF<9;=52P\A=<KJ:52>\<9J:<97%GQPR52;=<9>91aNO;V=PR<9>R<9;=798DFC=<KA=;7TDEFV$5
<9J%<9U 7%GQPR8:79B5 0>B52U J:5FJ:52>@<9J:<97%GQPR52;=<9>6>R<pV=A=<9C=<9;EF5 2<9P 0BfWJ:5FBD79<9;C=<pD79A=<9PRC=5DJD>@J:<%f2<9>C=<p46< \GQ524; 0$<9>
C=<9798:P 0B>R8 <9>6JDp2<9J:5798:CBDCWC=<KA=;<9J:<97%GQPB52U 4; 0B<9;HGQ52;=79<9>

!

!
l52P@J:5hGID;HGQ5B0BJDp2<9J:5798:CBDCWC=<KJ:52>\<9J:<97%GQPR52;=<9>@<9>@C=<LJDp52PRED

O

JEF5C=<9J:5;=5J:<8:;HGQ<9PR<9>QD<9JK7952EFV$52PvGIDEF8:<9;HGQ5C=<bJ:52>W<9J:<97%GQPR52;=<9>8:;=C=838:C=ABDJ:<9>0>R8:;=5>B52U J:5<9J
V=PR52EF<9C=8:5>R52i=PR<LA=;j;u=UA EF<9PR5EhA}fWx2PQD;=C=<KC=<L<9J:<97%GQPR52;=<9> 0V$52P@<9>vGQ<pEF5GQ832B5 0=JDn7TD;HGQ8:CBDCC=<L8:;HGQ<9PR<$<9U >
<9>K<9JOV=PR52EF<9C=8:5C=<JD2<9J:5798:CBDC1no<nBD79<<9;HGQ52;=79<9>LJD>u>R8:x2A=8:<9;HGQ<9>K=8:V@5U GQ<9>R8:>u>R52i=PR<<9J EF5 8:EF8:<9;HGQ5
C=<9J~7952;"RA=;HGQ5FC=<K<9J:<97%GQPR52;=<9>
ce52><9J:<97%GQPR52;=<9>u>R<hEhA=<%2<9;J:8:i=PR<9EF<9;HGQ<L<9;HGQPR<h7952J:8:>R8:52;=<9> 0$JD>6A=<h>R52;V=PR8:;=798:VBDJ:EF<9;HGQ<L7952;J:52>
8:52;=<9>91
ceA=<9x25FC=<K7TDCBD7952J:8:>B52U 4; 0}J:52>\<9J:<97%GQPR52;=<9>@79<9C=<9;GQ5CBDn>RA<9;=<9PT U DDJ:52>\8:52;=<9>91
NOJGQ8:<9EFV$5nV=PR52EF<9C=8:5n<9;HGQPR<L7952J:8:>R8:52;=<9>w<9>
c~Dn2<9J:5798:CBDCgEF<9C=8DnC=<KA=;7952;"RA=;HGQ5FC=<K<9J:<97%GQPR52;=<9>@<9>6DJ:<TDGQ52PR8D}1
k
#

su<<9>vGIDED;=<9PQDV0=JDh2<9J:5798:CBDCgEF<9C=8DnC=<KJ:52>\<9J:<97%GQPR52;=<9>@<9>
5 )
7
<9;A=<n<9JV=PR52EF<9C=5 |V0 V$52P6JDF=8 5U GQ<9>R8:>C=<pEF5 8:EF8:<9;HGQ5DJ:<TDGQ52PR8:5FC=<hJ:52>6<9J:<97%GQPR52;=<9>0 f
1 su<K<9>vGIDED;=<9PQDV0=>R<KV=A=<9C=<LC=<%GQ<9PREF8:;BDPwJDn7952PRPR8:<9;HGQ<K<9J%<9U 7%GQPR8:7TVD 0 / 2 0
*

-<9EF52>L<9;HGQ52;=79<9>nA=<<9J
'

FE 5C=<9J:5C=<gsuPRA=C=<V=PR52V$52PR798:52;BDWA=;BDjED;=<9PQD>R<9;=798:J:JDWC=<<9;HGQ<9;=C=<9PhJD
J:<%fWC=< u=E1 J~EF8:>REF5hGQ8:<9EFV$5B0BV$<9PREF83GQ<<9;HGQ<9;=C=<9P<9J~EF<97TD;=8:>REF5C=<L8:;HGQ<9PR7TDEhi=8:5C=<L<9;=<9PRxB U DA=<
< }V=J:8:7TDnJDnJ:<%fC=< 52A=J:<1-su<LD79A=<9PRC=5DJEF5C=<9J:5nC=<LsuPRA=C=<U0BJDh7952;=C=A=7%GQ838:CBDCW<9J%<9U 7%GQPR8:7TDn<9>
#"

$*
/ '
"!. ! ,."&(
52EF<9EF52>pA=;DJDEhi=PR<F7952;=C=A=7%GQ52PhJDPRx25B07952; A=;BD>R<979798:52;C=<DPR<TD f JDPRx25

]1bo52EF<%GIDEF52>LJ:52>
< GQPR<9EF52>C=<g<9>vGQ<W7952;=C=A=7%GQ52PDA=;BDC=83<9PR<9;=798DC=<gV$5GQ<9;=798DJ 8:;=C=<9V$<9;=C=8:<9;HGQ<gC=<9JaGQ8:<9EFV$5B0O<9J
>R8:>vGQ<9ED>R<<9;=79A=<9;HGQPQD<9; PR<9x28:EF<9; V$<9PRED;=<9;HGQ< 1jNOJ 7TDEFV$5<9J:<97%GQPR8:795j<9; <9J 8:;HGQ<9PR8:52PKC=<9JaDJDEhi=PR<
>R<9PBD U 0}fgJDnC=83<9PR<9;=798DhC=<KV$5GQ<9;=798DJ>R<9PBD U

NOJe7TDEFV$5n<9J%<9U 7%GQPR8:795>R<9PBDU VBDPQDJ:<9J:5DJeDJDEhi=PR< fHDA=<L;=5V=A=<9C=<pD79A=EhA=JDPR>R<7TDPRxHD S0BJ:A=<9x25

c~Dn7952PRPR8:<9;HGQ<A=<LVBD>QDnV$52P@<9J~DJDEhi=PR<u<9> 0=J:A=<9x25
7
J:579ABDJeV=A=<9C=<L<9>R79PR8:i=8:PR>R<<9;JDh52PRED
7
<9;jA=< <9>@JD 3 PR<9>R8:>vGQ<9;=798D 3 C=<9JDJDEhi=PRU< 0

NO;px2<9;=<9PQDWJ 0CBDC=5A=;p52iR<%GQ5B0>RApPR<9>R8:>vGQ<9;=798D6C=<9V$<9;=C=<wD6JDw2< wC=< >RA=>7TDPQD7%GQ<9PR8:>vGQ8:7TD>~x2<952EF<%GQPR8:7TD>

fg>RAj7952;=C=A=7%GQ838:CBDC1

r2|

"

$& ,.! ' "!. ! ,."&(*!

NO>8:;HGQ<9PR<9>QD;HGQ<7952;=>R8:C=<9PQDP 798:PR79A=83GQ52> 3 52PREDC=52>hV$52PhDPR8D>hPR<9>R8:>vGQ<9;=798D>0 7952;=<97%GIDCBD>C=<WC=832<9PR>QD>
ED;=<9PQD>91O;HGQ<9>@C=<<9;HGQPQDPw<9;WEDTf252PR<9>\C=<%GIDJ:J:<9>wPR<9>RV$<97%GQ5FDh<9>vGQ52>\798:PR79A=83GQ52>}0 C=<9>R79PR8:i=8:PR<9EF52>\DJ:x2A=;BD>
C=<JD>-52PRED> ED> 7952EhA=;=<9>aC=<7952;=<97%GIDPwPR<9>R8:>vGQ<9;=798D>a<9;HGQPR<>T U }0 DLJDK2< uA=<8:;HGQPR5C=A=798:P-<9J$7952;=79<9V}GQ5
C=< PR<9>R8:>vGQ<9;=798Dn<9A=83DJ:<9;HGQ< 3 1
à52;=>R8:C=<9PR<9EF52>A=; <9J:<9EF<9;HGQ5WPR<9>R8:>vGQ8325BT <9>vGQ5W<9>0 A=;b7952;=C=A=7%GQ52PK7952; 7952;=C=A=7%GQ838:CBDCSB;=83GID A=;
7952;=C=A=7%GQ52P@V$<9Pv<97%GQ5nGQ8:<9;=<7952;=C=A=7%GQ838:CBDCW8:;}SB;=83GID 1-o8W}0 V$52Pw<9>vGIDPR<9>R8:>vGQ<9;=798DV=0 VBD>QDnA=;BDn7952PRPR8:<9;HGQ< 20
fJDKPR<9>R8:>vGQ<9;=798Dp<9;HGQPR<>RA=>w< GQPR<9EF52> hf \<9> 0 <9;HGQ52;=79<9>wJDLC=83<9PR<9;=798DLC=<V$5GQ<9;=798DJ <9;HGQPR<uJ:52>

< GQPR<9EF52>6<9>

6 685
JLK ; C LJ K ; ;>A2C<;

GHA G :<; : J
c~D>a52PRED> E+DU >a>R<9;=798:J:JD> C=<u7952;=<97%GIDPwPR<9>R8:>vGQ<9;=798D>w>R<u7952;=579<9;gV$52PaJ:52> ;=52Ehi=PR<C=<u7952;=< }8:52; >R<9PR8:< 3

f VBDPQDJ:<9J:5 3 0}A=<LC=<9>R79PR8:i=8:EF52>@Dn7952;HGQ8:;ABD798:52;1

? 8:x2A=PQDbk1 M @<9V=PR<9>R<9;HGID798:52;C=<WA=;PR<9>R8:>vGQ52P8:C=<TDJW0OV$52PnEF<9C=8:5C=<gA=;BDbJ U ;=<TD<9A=i=PQDCBDV0-fC=<WJD>

7952Ehi=8:;BD798:52;=<9>\C=<KPR<9>R8:>vGQ<9;=798D>@<9;>R<9PR8:<fg<9;VBDPQDJ:<9J:5=1

R
resistor ideal
R1
conexion
en serie
R1
conexion
en paralelo
R2
D p !$*~~($&! *q*( à52;=>R8:C=<9PQDPC=52> 5 ED> pPR<9>R8:>vGQ<9;=798D>F7952;=<97%GIDCBD>F7952EF5bEhA=<9>vGQPQDbJD

SBx2A=PQD}1 c~DnC=83<9PR<9;=798DnC=<KV$5GQ<9;=798DJ<9;HGQPR<KJ:52>\V=A=;HGQ52>"f >R<LV=A=<9C=<L<9>R79PR8:i=8:P\7952EF5

à52EF5JDn7952PRPR8:<9;HGQ<A=<L798:PR79A=JDhV$52P f ' <9> 2 0B<9;HGQ52;=79<9>

'
?B52P\J:5hGID;HGQ5B0
) ' 7
J:A=<9x25V$5C=<9EF52>@C=<9798:P@A=<LJD 3 PR<9>R8:>vGQ<9;=798DF<9A=83DJ:<9;HGQ< 3 C=<KJDn7952Ehi=8:;BD798:52;gC=<LC=52>@PR<9>R83GQ<9;=798D>
<9;>R<9PR8:<K<9>
k1 _
) '
}r 0
i p!$*~~($&! ** ' ' ! NO;<9>vGQ<7TD>R5B0 JDC=83<9PR<9;=798DC=<V$5GQ<9;=798DJ <9;HGQPR<J:52>L< GQPR<9EF52>hC=<
DEhiBD>@PR<9>R8:>vGQ<9;=798D>@<9>@JDhEF8:>REDV0
'
c~D7952PRPR8:<9;HGQ<U0=<9;7TDEhi=8:5>QDGQ8:>v)D79(< V$52P\JDn<979ABD798:52;WC=<K7952;HGQ8:;A=8:CBDC
& ' 7
J:A=<9x25B0}GQ<9;=<9EF52>

'
'
@GQ8:J:8 TD;=C=B5 0SB;BDJ:EF<9;HGQU< 0=JDhPR<9JD798 52U ; 2 0B>R<KC=<9i$<K79A=EFV=J:8:P
0 0 0
k1Z!k

'
NO>\8:EFV$52PvGID;HGQ<;=5GIDhA=< *~!b !e ' # ' 2!$*~ ~(!$*~# ~~*+"H(#9 ' !$#h ' #9!$# #9(
' ' ! 1
4

%
%
!

&
! / "! ,4 ! " ! 6 )+"

NO;jP<9U x28:EF<9;gV$<9PRED;=<9;HGQ<UB0 <9;A=;EF<9C=8:5n7952;=C=A=7%GQ52P0>R<GQ8:<9;=<
|

"
(*)
)+(* "-,.
ON JaV=PR52i=J:<9EDV=PR<9>R<9;HGQ<W<9>nC=<%GQ<9PREF8:;BDPp<9Ja7TDEFV$5<9J:<97%GQPR8:795 <9;<9JaEF<9C=8:5j7952;=C=A=7%GQ52P91 su<JD>

PR<9JD798:52;=<9>@D;HGQ<9PR8:52PR<9>@>R<GQ8:<9;=<U0
- |
c~D5GQPQDnPR<9JD798:52;g8:EFV$52PvGID;HGQ<u<9>@A=<L<9Je7TDEFV$5n<9>6<9>vGDU GQ8:79B5 0=<9>@C=<9798:P

| 7
A=<L<9A=83DJ:<KD
1 A=;HGID;=C=5GQ5C=5<9>vGQB5 0
-|
o8H<9JHEF<9C=8:5\7952;=C=A=7%GQ52P~<9>~=52EF52x2<9;=<9B5 0"<9;HGQ52;=79<9>>R<->QDGQ8:>v)D79<OJD\<979ABD798:52;KC=< c~DV=JD79U< 0"J:5\79ABDJHV$<9PREF83GQ<
A}GQ8:J:8 TDPaD;BDJ:52x28D> <9J:<97%GQPR52>vGIDGQ8:7TD>w<9;gV=PR52i=J:<9ED>a7952;WEF<9C=8:52>a7952;=C=A=7%GQ52PR<9>@<9;gPR<9x28:EF<9;gV$<9PRED;=<9;HGQ<
GQ<952PR<9EDnC=<KA=;=8:798:CBDC 1
' !
O |
&
rHY

6 685 9 ; M : J
o<GQ8:<9;=<9;+C=52>7952;=C=A=7%GQ52PR<9><9>v<9PR8:7952> V$<9Pv<97%GQ52> 0w7952;=79<9;HGQPR8:7952>0@C=<PQDC=8:52> f 0wED;HGQ<9;=8:C=52>D
V$5GQ<9;=798DJ:<9> f 0 PR<9>RV$<97%GQ83DEF<9;HGQ<16" NOJ~<9>RVBD798:" 5<9;HGQPR<pJ:52>@7952;=C=A=7%GQ52PRR<pJ:J:<9;BDn7952;A=;jEDGQ<9PR8DJ
7952;=C=A=7%GQ52PO=52EF52x2<9;=<95B20 C=<\7952;=C=A=7%GQ838:CBDC $1 su<%GQ<9PREF8:;BDPJD7952PRPR8:<9;HGQ<w<9J:<97%GQPR8:7TDV20 <9J=7TDEFV$5u<9J:<97%GQPR8:795
fgJDnPR<9>R8:>vGQ<9;=798DnC=<9J~>R8:>vGQ<9ED}1
o52J:A=798:52; uNO; JDPR<9x28:52;b<9;HGQ<J:52>u7952;=C=A=7%GQ52PR<9>LV$<9Pv<97%GQ52>~0 >R<>QDGQ8:>v)D79<nJD<979ABD798:52;bC=<Fc~DV=JD79<UT
A=<U0 <9;L79552PRC=<9;BDCBD>e<9>v <9U PR8:7TD>e<9> >RA=V$52;=8:<9;=C=5B0 DC=<9E+DU >"0 A=<OJDw>R52J:A=798:52;u<9>~<9>v <9U PR8:7TDEF<9;HGQ<O>R8:E<%U GQPR8:7TD
' ! O 0 H ' H
'
c~D>R52J:A=798:52;g<9>0 <9;HGQ52;=79<9> B0 VBDPQD
!O ' 7
<9;jA=<KJD>\7952;=>vGID;HGQ<9> f ' C=<9i$<9;j>QDGQ8:>v)D79<9P

'

'
@<9>R52J38:<9;=C=5F<9>vGID>@<979ABD798:52;=<9>6>R<GQ8:<9;=<U0

&
0
+0

'

!

- '
!
-'
c~D7952PRPR8:<9;HGQ<uGQ5GIDJ<9> 2 0}fgJDnPR<9>R8:>vGQ<9;=798Dn>R52;

_

/" 4, H)+ ,4

à52EF5fHD>R<hBDEF<9;=798:52;BDC=5B$0 VBDPQDED;HGQ<9;=<9PA=;7952PRPR8:<9;HGQ<p<9;PR<9x28:EF<9;jV$<9PRED;=<9;HGQ<U0<9>u;=<979<9>QDPR8:5
C=8:>RV 2 52;=<9PKC=<nA=;BDgA=<9;HGQ<< GQ<9PR;BDWC=<n<9;=<9PRx28D}1nc~D>uA=<9P TD>KA=<EhA=<%2<9; JD>u7TDPRxHD>>R52;bC=<52PR8:x2<9;
;=5F<9J:<97%GQPR52>vGIDGQ8:795=1-465;=52>@579A=VBDPR<9EF52>\C=<K>RAj52PR8:x2<9;4}0 >R8:;=5C=<K>RA=>67TDPQD7%GQ<9PR8:>vGQ8:7TD>\x2<9;=<9PQDJ:<9>91
su<%SB;BDEF52>pJ:5A=<g<9;HGQ<9;=C=<9PR<9EF52><9;DC=<9JD;HGQ<V$52PhA=;798:PR79A=83GQ5 FNO>nA=;BDjGQPQDTf2<97%GQ52PR8D79<9PRPQDCBDV0
D GQPQDT2<9>gC=<A=; EF<9C=8:5 7952;=C=A=7%GQ52P60 V$52PC=52;=C=< BA}f2<7952PRPR8:<9;HGQ<<9J%<9U 7%GQPR8:7TD}1 ui=>R<9PvDEF52>A=<A=;BD
7952PRPR8:<9;HGQ<LV$<9PRED;=<9;HGQ<K<9;jA=;798:PR79A=83GQ579<9PRPQDC=5FPR<9A=8:<9PR<LC=<LJDD79798 52U ;WC=<KA=<9P TD>6;=5F<9J:<97%GQPR52>vGDU GQ8:7TD>
3 A=8:EF8:7TD> 3 0 <%GQ71 1 NO;<%<97%GQ5BB0 7952;=>R8:C=<9PR<9EF52>@A=;798:PR79A=83GQ5 aV$52P\<9JeA=< BA}f2<LA=;BD7952PRPR8:<9;HGQ< 1
o8e7TDJ:79A=JDEF52>aJDn798:PR79A=JD798:52;C=<9J~7TDEFV$5n<9J%<9U 7%GQPR8:795BB0 DnJ:5JDPRx25nC=<9Je798:79A=83GQ5 =0 GQ<9;=<9EF52>

0
| 7

#%$ (

"

4%

r2M

?8:x2A=PQDk1 _ - 6;798:PR79A=83GQ579<9PRPQDC=579ABDJ:<9>RA=8:<9PQDV0 "1
dl
V=A=<9>vGQ5nA=< n <9>aVBDPQDJ:<95hD5
<9;GQ5C=5pV=A=;HGQ5=1-l52Pa5GQPQDLVBDPvGQ<U0}>R8 A=<9PQDpA=;7TDEFV$5p<9J:<97%GQPR52>vGDU GQ8:795B0
JDF8:;HGQ<9x2PQDJD;HGQ<9PR8:52P6>R<9PT U D79<9PR5B0 J:A=<9x25B0 ;=5V=A=<9C=<h>R<9PuA=;7TDEFV$5V=A=PQDEF<9;HGQ<h<9J:<97%GQPR52>vGIDGQ8:795=1l52P
J:5nGID;HGQB5 0=VBDPQDEF5 2<9PR>R<K<9;<9Je7952;=C=A=7%GQ52P6JD>w7TDPRxHD>@>R<9;HGQ8:PBDU ;A=; 3 7TDEFV$5n<%<97%GQ8325 3 0

7

<9;A=
< <9><9J7TDEFV$5F<%<97%GQ832B5 0 <9>A=;j7TDEFV$5<9J:<97%GQPR52>vGIDGQ8:795f <9>uA=; 3 7TDEFV$5 3 ;=5<9J:<97%GQPR5 "
>vGIDGQ8:795 <9;HGQ<9;=C=8:C=57952EF5A=;BDFA=<9P TD A=;=8:CBDCC=<p7TDPRxHDDC=8:798:52;BDJ~>R52i=PR<pJ:52>6V$52PvGIDC=52PR<9>C=<h7TDPRxHD 1
NO>vGQ<K7TDEFV$5DC=8:798:52;BDJ V=PR5 2<9<KJDh<9;=<9PRx28Dn< GQ<9PR;BDn;=<979<9>QDPR8DVBDPQDhBD79<9P@798:PR79A=JDPaJDh7952PRPR8:<9;HGQU< 0B<9>\J:5
A=<h>R<pJ:JDED A=<9P TDF<9J:<97%GQPR5 " EF5GQPR8 3 B5 0>R8:EFV=J:<9EF<%GQU< 0 <9E 3 1jD>V=PR<9798:>QDEF<9;HGQU< 0$>R<hC=<%SB;=<pJD 3 <9E 3
A=<9P TD<9J:<97%GQPR5 " EF5GQPR8 -C=<KA=;798:PR79A=83GQ5n79<9PRPQDC=5F7952EF5
a

k1 r

à52EF5
V| 0=<9;HGQ52;=79<9>
a

&
&

$ (* #%$&&' (*)+"-,.(*/ ' #" $& ,.!

52EF<9EF52>\A=;>R<9x2EF<9;HGQ5 C=<KA=;798:PR79A=83GQ5B0
su<KD79A=<9PRC=5DJDhJ:<%fC=< u=E%0
0
[];HGQ<9x2PQD;=C=5C=<9>RC=< FBD>vGID =0 GQ<9;=<9EF52>

$"

r_

? 8:x2A=PQDnk1Zk ONO79ABD798 52U ;A=;=CBDEF<9;HGIDJ C=<u798:PR79A=83GQ52>91ONO>vGIDnPR<9JD798 52U ;<9>vGIDi=J:<979<U0BVBDPQDp7TD>QDh>R<9x2EF<9;HGQ5C=<

798:PR79A=83GQ5B0BA=;BDFPR<9JD798 52U ;W<9;HGQPR<pJD7952PRPR8:<9;HGQ<U0JDnPR<9>R8:>vGQ<9;=798DV0$JDnC=83<9PR<9;=798DC=<LV$5GQ<9;=798DJfJDh 1 <1 E1w<9;
C=8:7I=5F>R<9x2EF<9;HGQ5=1
<9;=<9EF52>0$DC=<9ED>

<9;A=<& <9>uJD 3 <9E 3 C=<9JGQPQDEF5 (C=<%SB;=8:798 52U ; S0fJD=UA J3GQ8:EDhPR<9JD798:52;j<9>6DU 798:J~C=<pV=PR52iBDPVBDPQD
A=;jDJDEhi=PR<1 ui}GQ<9;=<9EF52>\<9;HGQ52;=79<9>JDhPR<9JD798:52;
7
k1Z!
A=<KGIDEhi=8:<9;WV=A=<9C=<K<9>R79PR8:i=8:PR>R<K<9;JDh52PRED
7
7952;JDn8:;HGQ<9PRV=PR<%GID798:52; 3 x2PQDSB7TD 3 C=<KJDhSBx2A=PQDFk130 |}1
"

!"!
'

3 PR<9x2JD> 3 A=<V$<9PREF83GQ<9;<9>vGQA=C=8DP798:PR79A=83GQ52>u<9;b52PRED>R8:>vGQ<9EDGQ8:7TD}1hNO>vGID>KPR<9x2JD>u>R<
o <nGQPQDGIDC=<C=52>
C=<9C=A=79<9;F<9;n52PRED6C=8:PR<97%GIDuC=<wJD> <979ABD798:52;=<9>OC=<w7TDEFV$5=1lDPQDu52PREhA=JDPJD>J:<%f2<9>O>R<\;=<979<9>R83GIDuC=<%SB;=8:P
DJ:x2A=;=52>\7952;=79<9V}GQ52>
8 gà8:PR79A=83GQ5 -6;W7TDEF8:;=5n7952;=C=A=7%GQ52P 0<9;<9JeA=<K>R<L<9;=79A=<9;HGQPQD;A=<9;HGQ<9>6C=< 3 <9E 3 iBDGQ<9PR8D> 1
8:8 46A=C=5F5F465C=5 -lOA=;HGQ52>6<9;A=;798:PR79A=83GQ5n<9;J:52>\A=<K>R<LA=;=<9;jDJeEF<9;=52>wGQPR<9>@7952;=C=A=7%GQ52PR<9>91
ce<%fC=<465C=52> -o<6C=<9C=A=79<6C=<6JDK<979ABD798:52;FC=<67952;HGQ8:;A=8:CBDC " PR<9x28:EF<9;nV$<9PRED;=<9;HGQ< " 1 Hc~D>RA=ED
DJ:x2<9i=PQD8:7TDhC=<KJD>\7952PRPR8:<9;HGQ<9>@A=<L<9;HGQPQD;jDnA=;;=5C=5<9>6>R8:<9EFV=PR<79<9PR5=1
ce<%fC=<jjDJ:JD> o<C=<9C=A=79<C=<JD 3 PR<9JD798:52; A=;=CBDEF<9;HGIDJ 3 0 C=8:>R79A}GQ8:CBDPR<9798:<9;HGQ<9EF<9;HGQ< ZNO;
GQ5CBDWGQPQDTf2<97%GQ52PR8D79<9PRPQDCBD<9; A=; 798:PR79A=83GQB5 0~JDW>RA=EDjDJ:x2PRi=PQD8:7TDgC=<JD> 3 <9E 3 fbJD>L7TD8:CBD>LC=<
V$5GQ<9;=798DJ w<9>@8:x2ABDJD79<9PR5 3 1

Hr k
ui=>R<9PvDEF52>uA=<nVBDPQDgDV=J:8:7TDP67952PRPR<97%GIDEF<9;HGQ<n<9>vGIDgJ:<%f2<9><9>;=<979<9>QDPR8:5W<9>vGIDi=J:<979<9PuA=;BDg7952;H2<9; "

"
798 52U ;
#

àABD;=C=B5 0DJPR<97952PRPR<9P@JDpGQPQDTf2<97%GQ52PR8DV0=;=52>\EF5 2<9EF52>\<9;<9J>R<9;HGQ8:C=5FC=<JDh7952PRPR8:<9;HGQ<U0BJDp7TD8:CBDnC=<

V$5GQ<9;=798DJ aGQ8:<9;=<>R8:x2;=5 " 1
o8 DJ$VBD>QDP V$52P A=;BDLA=<9;HGQ<uC=< 3 <9E 3 ;=52>aEF5 2<9EF52> C=<9J$GQ<9PREF8:;BDJ " -DJBGQ<9PREF8:;BDJ S0JD 3 <9E 3
<9;79A=<9>vGQ8:52;>R<KGQ52EDh7952;>R8:x2;=5 1

685757685 9 ; M : J
6 ;BDiBDGQ<9PR8D@PR<TDJ<9>V=A=<9C=<w7952;=>R8:C=<9PQDPR>R<a7952EF5eA=;BD@A=<9;HGQ<wC=< 3 <9E 3 8:C=<TDJ 07952;=<97%GIDCBD<9;h>R<9PR8:<a7952;

A=;BDgPR<9>R8:>vGQ<9;=798D % PR<9>R8:>vGQ<9;=798D8:;HGQ<9PR;BD 1Lo87952;=<97%GIDEF52>A=;BD 3 7TDPRxHD 3 DJDiBDGQ<9PR8DV0 JD7952PRPR8:<9;HGQ<
A=< BA}f2<LV$52P\<9Je798:PR79A=83GQ5n<9>
% 7

JDn7TD= U CBDnC=<GQ<9;=>R8 52U ;W<9;JDnPR<9>R8:>vGQ<9;=798Dn<9>
n % 7

J:579ABDJe<9>@79<9PR7TD;=5(D @VBDPQDn % 1
#9 ' H(!$
* c~D> <979ABD798:52;=<9>aC=<A=;798:PR79A=83GQ5L7952;=>vGQ83GQA}f2<9;A=;>R8:>vGQ<9EDLC=<6<979ABD798:52;=<9>wJ:8:;=<TDJ:<9>91
o<KV=A=<9C=<KC=<9EF52>vGQPQD%P ;=5J:5nBDPR<9EF52>@DA=8 aA=<K<9>vGQ<K>R8:>vGQ<9EDh>R8:<9EFV=PR<uGQ8:<9;=<>R52J:A=798:52;4TBDC=<9ED> -NO;
A=;798:PR79A=83GQ5F7952;PQDED>6f / 0p;=5C=52>>R<hV=A=<9C=<9;b<9>R79PR8:i=8:P . 4 / @<979ABD798:52;=<9>uC=<pEDJ:JD
8:;=C=V$<9;=C=8:<9;HGQ<9>@f / <979ABD798:52;=<9>@C=<K;=5C=5=1-NOJe;u=UA EF<9PR5nC=<K<979ABD798:52;=<9>68:;=C=<9V$<9;=C=8:<9;HGQ<9>6<9> / 1

(*/(*& ' 46 ! %

( ! '
$&/
oA=V$52;=xHDEF52>A=<F<9; <9JO8:;HGQ<9PvDJ:5gC=<nGQ8:<9EFV$5 !
>R<nGQPQD;=>RV$52PvGIDWA=;BDg7TDPRxHD !
<9;HGQPR<F<9J
V=A=;HGQ5 nf<9J V=A=;HGQ5 @C=<A=;g798:PR79A=83GQ5=1 J VBD>QDPwC=< FD 0=JDp<9;=<9PRx28DhC=<uJ:52>wV$52* PvGIDC=* 52PR<9>wC=<u7TDPRxHD *
< }V$<9PR8:EF<9;HGIDA=;7TDEhi=8:5 0BCBDC=5V$52P
2 7
*
V$<9PR5

<9;HGQ52;=79<9>

' 2!

c~D@8:;HGQ<9PRV=PR<%GID798:52;KC=< <9>vGID6<979ABD798:52;L<9>JD\>R8:x2A=8:<9;HGQU< 0 !
<9>JD@<9;=<9PRx28D\<9;HGQPR<9xHDCBD6V$52P~JDwA=<9;HGQU< 0
'!
<9>wJDp<9;=<9PRx28DhC=8:>R8:VBDCBDL<9;WJDLPR<9>R8:>vGQ<9;=798D}1-NO;WA=;g798:PR79A=83GQ5h79<9PRPQDC=5B0 n 0}f 7 J:A=<9x25
'Ta<9;5GQPQD>hVBDJDi=PQD> 0OJDjV$5GQ<9;=798D<9;HGQPR<9xHDCBDV$52PhJDiBDGIDPR8Dj<9>n8:x2ABDJaDJDV$5GQ<9;=798D
C=8:>R8:VBDCBD}1
c~D<9;=<9PRx28DA=< 3 >R<hD 3 C=<9J >R8:>vGQ<9ED>R<C=8:>R8:VBD<9;52PREDC=<n7TDJ:52P91KNO>vGQ5W7952;=>vGQ83GQA}f2<<9JJ:JDEDC=5
! "9!$ 1-c~DhV=PR<9>R<9;=798DC=<A=;W<9J:<9EF<9;HGQ5PR<9>R8:>vGQ8325hDn>R8:<9EFV=PR<D7952EFVBD;BDCBDhC=<7TDJ:<9;HGIDEF8:<9;HGQ5
<9;W<9J 798:PR79A=83GQ5 <9>vGQ5n<9> 0BDL2<979<9> 0C=<9>R<TDi=J:< " 7TDJ:<%)D7%GQ52PR<9>w<9J:<97%GQPR8:7952> 0}<%GQ71 " f5GQPQD>a2<979<9>@8:;=C=<9>R<TDi=J:< "
VBDPvGQ<KC=<KJDn<9;=<9PRx28DnC=8:>RV$52;=8:i=J:< >R<KEDJ:xHD>vGID 3 1

r2r

( )+( , H(*&! H"&( ' ,."&(
4

fpPR<9>R8:>vGQ<9;=798D8:;HGQ<9PR;BD % 1 c~DV$5GQ<9;=798D6C=8:>R8:VBDCBD
'
.'
% '
c~DnE+D U }8:EDpV$5GQ<9;=798DnA=<L>R<KV=A=<9C=<L52i}GQ<9;=<9P@C=<KJDniBDGQ<9PT U Dh<9>

2_ . ' %
NO>vGQ5F>R<K52i}GQ8:<9;=<KC=<KJDh7952;=C=8:798 52U ;WC=<K< GQPR<9EF5

fHDA=<
|7
ST
%'
%

<9JePR<9>RA=J3GIDC=5<9>@A=< 0B7952EF5nA=;=798:52;WC=< 0=79ABD;=C=5 % 0BDC=<9E+DU >

-52J32<9EF52> DJ<]R<9EFV=J:5C=<wJD6iBDGQ<9PR8D67952;nA=;BD7TDPRxHD
<9;jJDhPR<9>R8:>vGQ<9;=798D 7TDPRxHD a <9>
0
'
0
2_ . ' %

.
ON JO<9;@52U EF<9;=5C=<9J-EDx2;=<%GQ8:>REF5W>R<F7952;=579<FC=<9>RC=<BD79<FEF8:J:<9>C=<FD2;=1 52>91c~D>KED;=83<9>vGID798:52;=<9>K7952;=5 "

798:CBD>pE+DU >hD;HGQ8:x2ABDEF<9;HGQ<>R52; JD>pA=<7952PRPR<9>RV$52;=C=<9;40OV=PR8:EF<9PR5B0 DjJ:52>L8:ED;=<9>0A=<>R<<9;=79A=<9;HGQPQD;
;BDGQA=PQDJ:EF<9;HGQ<<9;jJDp52PREDhC=<LDJ:x2A=;=52>\C=<9V@52U >R83GQ52>@EF8:;=<9PQDJ:<9>0=7952EF5nJDnEDx2;=<%GQ83GID}1Ol52>vGQ<9PR8:52PREF<9;HGQ<U0
V=PR52iBDi=J:<9EF<9;HGQ<FJ:52>7I=8:;=52> 0C=<9>R79A=i=PR8:<9PR52; <9J-EDx2;=<%GQ8:>REF5GQ<9PRPR<9>vGQPRU< 0V=PR5C=A=798:<9;=C=57952EF5WPR<9>RA=J3GIDC=5
GQ<979;=52J 52U x28:795JD8:;H2<9;=798 52U ;C=<hJDi=P "UA RA=JVD 0fj>RAbV$52>vGQ<9PR8:52PuDV=J:8:7TD798 52U ;jDJD;BDT2<9xHD798 52U ;EDPT U GQ8:ED}1NOJ
<9>vGQA=C=8:5h>R8:>vGQ<9E+DU GQ8:795pC=<J:52>-<9;@52U EF<9;=52>aEDx2;a<%U GQ8:7952> 7952EF<9; e5hU BD79<uDJ:x2A=;=52> >R8:x2J:52> 0HfF<9;=7952;HGQPBDU ;=C=52>R<
DKDA=>R>g<9;HGQPR<J:52>8:;H2<9>vGQ8:xHDC=52PR<9>gA=<PR<TDJ:8 TDPR52;+7952;HGQPR8:i=A=798:52;=<9>C=<8:EFV$52PvGID;=798D}1 NO;<9Ju>R8:x2J:5
VBD>QDC=B5 0 u<9PR>vGQ<9C 79<9PR7TDbC=< 0 zHY| pC=<9>R79A=i=PR8 5 U A=<JD>n7952PRPR8:<9;HGQ<9>F<9J%<9U 7%GQPR8:7TD>CBD;52PR8:x2<9;Db<%<97%GQ52>
EDx2;a<%U GQ8:7952> 0<9;VBDPvGQ8:79A=JDP 0HJDK7952PRPR8:<9;HGQ<6<9J%<9U 7%GQPR8:7TDKA=<798:PR79A=JDKV$52P-A=;7952;=C=A=7%GQ52PaV=PR5C=A=79<6A=;<%<97%GQ5
A=<n<9>u7952EFV=J:<%GIDEF<9;HGQ<p<9A=83DJ:<9;HGQ<hDJA=<hV=PR5C=A=79<hA=;8:E+DU 4; 0$>R8:<9;=C=57TDVBD hC=<nDGQPQD<9P52iR<%GQ52>C=<
SB<9PRPRB5 0BC=< B<97%GIDP6A=;BDi=P "UA RA=JVD 0<%GQ71
4652>R5GQPR52>L7952EF<9; TDEF52>L;A=<9>vGQPR5<9>vGQA=C=8:5j>R8:x2A=8:<9;=C=5j;=5j<9J 7TDEF8:;=5W=8:>vG5U GQ8:79B5 0>R8:;=5j<9J C=<9>QDPRPR52J:J:5
C=<uJDKGQ<952PT U DK<9;giBD>R<uDpJ:52> 7TDEFV$52>aEDx2;a<%U GQ8:7952> V=PR5C=A=798:C=52> V$52Pa7952PRPR8:<9;HGQ<9>w<9J%<9U 7%GQPR8:7TD> 0C=<9i=8:C=5nDLA=<
V$<9PREF83GQ<A=;<9;}5A=<KA=;=83SB7TDC=52P\C=<KJ:52>w<9;=5-52U EF<9;=52>@EDx2;a<%U GQ8:7952>wiBD R5FA=;>R52J:5nEF5C=<9J:5hGQ<e52U PR8:795=1

&
"
)

!
' ,
( 5( .,
us <9i=8:C=5 DbA=<j<9>FE+DU >>R<9;=798:J:J:5B0 <9>vGQA=C=8DPR<9EF52>V=PR8:EF<9PR5bJ:52><%<97%GQ52>EDx2;a<%U GQ8:7952>nC=<7952PRPR8:<9;HGQ<9><9;

P<9U x28:EF<9;V$<9PRED;=<9;HGQ<1Kce52>< }V$<9PR8:EF<9;HGQ52>uPR<TDJ:8 TDC=52><9J>R8:x2J:5FVBD>QDC=5gVBDPQDC=<%GQ<9PREF8:;BDP6JD>6A=<9P TD>
EDx2;a<%U GQ8:7TD>p<9;HGQPR<g7952;=C=A=7%GQ52PR<9>7952;7952PRPR8:<9;HGQ< u<9PR>vGQ<9C40 EFV$<9PR<U0O<%GQ71 >R<gV=A=<9C=<9;V=PR<9>R<9;HGIDP<9;
52PREDPR<9>RA=EF8:CBD<9; JDW< }V=PR<9>R8 52U ;A=<>R8:x2A=U< 0 A=<V$<9PREF83GQ<F7TDJ:79A=JDPKJDgA=<9P TDjEDx2;a<%U GQ8:7TDW>R52i=PR<<9J
798:PR79A=83GQ5 0BC=<9i=8:CBDDJ798:PR79A=83GQ5 '
& '. _ '
/
' / '
)r}130
' ,

NO>vGID<9>\JDhJ:JDEDCBDLJ:<%fC=<Ka8:5G " o}DTDPvG 0A=<KC=<9>R79PR8:i$<KJDLA=<9P TDnEDx2;a<%U GQ8:7TDh<9;HGQPR<KC=52>\798:PR79A=83GQ52>w7952;
7952PRPR8:<9;HGQ<1 NOJe;A=EF<9PR5
_ <9> 0BV$52P\C=<%SB;=8:798 52U 4; 0=8:x2ABDJeDg0 |
/
T ' 1

&

"

6857685 P ;>A G ; K ?BA ; "J G :<G RA ; M GHA G :<; : J 46

`wDJ:79A=J:<9EF52>027952EF5V=PR8:EF<9PQDuDV=J:8:7TD798 52U ;pC=<\JDuJ:<%fpC=<@a8:5G o}DTDPvG 0JDA=<9P TD<9;HGQPR<\C=52>-DJDEhi=PR<9> EhA}f
JDPRx252>0$A=<hJ:J:<%D;7952PRPR8:<9;HGQ<9> < ' 1<9;=<9EF52>0 <9;V=PR8:EF" <9P@J:A=xHDP0$JD>679552PRC=<9;BDCBD>C=<hJ:52>6V=A=;HGQ52>

rH
r2z

?8:x2A=PQDgr}130!Kce<%fC=<Fa8:5Gf o}DTDPvGT1NOJ:<9EF<9;HGQ52>VBDPQDg<9JO7eDU J:79A=J:5gC=<JDA=<9P TDW<9;HGQPR<C=52>K798:PR79A=83GQ52>0

`0Kf`\Y1

C=<@J:52> C=52>-DJDEhi=PR<9> 02<9;FA=<\<9JBV=PR8:EF<9P DJDEhi=PR<w79528:;=798:C=<w7952;<9J=<]R<

H0 fh<9J=>R<9x2A=;=C=5LVBD>QDV$52P n
fg<9>6VBDPQDJ:<9J:5nDJ~D;HGQ<9PR8:52P91
?8:x2A=PQDhr}1ZY ?BA=<9P TDn<9;HGQPR<LC=52>6DJDEhi=PR<9>\VBDPQDJ:<9J:52>91

c~DnA=<9P TD<9>@<9;HGQ52;=79<9>0
-
(
'
' (

(
' (
-
'
- (

& '. _ '

'
- ' ' , '

c~DuA=<9PTDuGQ5GIDJ}<9>O8:;}SB;=83GID V$52PRA=<@J:52>ODJDEhi=PR<9>>R52;8:;}SB;=83GQ52> S02V$<9PR5KJD6A=<9PTDV$52P A=;=8:CBDCC=<\JDPRx25
<9>@SB;=83GIDV0}fDJ:<
'

'.
Y &

2r
c~DA=<9P TDb<9>FDGQPQD7%GQ83Dj>R8\JD>n7952PRPR8:<9;HGQ<9>hGQ8:<9;=<9;<9JwEF8:>REF5>R8:x2;=5B0OfPR<9V=A=J:>R83D<9;7TD>R5b7952;HGQPQDPR8:5=1
ui=>R<9PvDP6A=<U0DV$<9>QDP\C=<LJDnDVBDPR8:<9;=798D>0=>R<K79A=EFV=J:<JDhPR<9JD798 52U ;
& '.& & ' |

4

"

"
(*)
( 6 ! ,H
BV DPvGQ8:PuC=<FJDgJ:<%fC=<nA=<9P TD>L>R<FV=A=<9C=<FC=<%SB;=8:PKA=; 7TDEFV$5WEDx2;a<%U GQ8:795 S07952; <9JOV=PR52V@52U >R83GQ5C=<

PR<9V=PR<9>R<9;HGIDP<9Je<%<97%GQ5FC=<KA=;BD7952PRPR8:<9;HGQ<>R52i=PR<L5GQPQD}1O6>QD;=C=5FJDnJ:<%fC=<La8:5G " o}DTDPvG 0}C=<%SB;=8:EF52>
'
'
-
)r}1ZY!
'
_ / ' / ,
7952;<9>vGQB5 0BJDhA=<9P TDEDx2;a<%U GQ8:7TDh>R<K<9>R79PR8:i$<K7952EF5
& '.
' 7

C=52;=C=< ' ! -<9> " V$52PaC=<%SB;=8:798 52U ; " <9J 7TDEFV$5hEDx2;a<%U GQ8:795LV=PR5C=A=798:C=5hV$52Pa<9J 798:PR79A=83GQ5 <9;g<9J$V=A=;HGQ5 1
)r}1 M
- _
/ / ,
su<L<9>vGIDFED;=<9PQDV0$DJ~8:x2ABDJA=<p=8:798:EF52>\<9;<9J~7TD>R5 <9J:<97%GQPR52>vGDU GQ8:795B0B;=5<9>vGQA=C=8DPR<9EF52>6JDhA=<9P TDFGQ5GIDJ
A=<uA=;798:PR79A=83GQ5L<]R<9PR79R52i=PR<5GQPRB5 0>R8:;=5p>R52JDEF<9;HGQ<6JDA=<9P TDpV$52P A=;=8:CBDCC=<J:52;=x283GQA=C fF7952PRPR8:<9;HGQ< ST
<9>vGIDF7TD;HGQ8:CBDCW<9>@JDnA=<KJ:JDEDEF52> <9Je7TDEFV$5EDx2;a<%U GQ8:795 ! 1

?8:x2A=PQDnr}1 M <952EF<%GQPT U DhC=<9Je7TDEFV$5nEDx2;a<%U GQ8:795=1Oc~DPR<9x2JDhC=<KJDnED;=5nC=<9PR<97IBD}1
465GIDeNO;h LoO0T<9J27TDEFV$5\EDx2;a<%U GQ8:795w>R<-EF8:C=<<9;K<9>RJDV0"A=<-<9A=83DJ:<OD0

.n 0
0 T
' 1
%'
-
|

6 685

>") &/!
:<G RA ; K D K C ? J

`wDJ:79A=J:<9EF52><9J7TDEFV$5 V=PR5C=A=798:C=5 V$52PA=;DJDEhi=PR<PR<97%GQ5B0@C=<JDPRx25 8:;}SB;=83GQ5B0\V$52P<9JA=<798:PR79A=JD

A=;BD 7952PRPR8:<9;HGQ< 1 NO>R795"QDEF52>FJD>79552PRC=<9;BDCBD>FC=<ED;=<9PQDbA=<j<9J6DJDEhi=PR<g<9>vG}<jU 7952J:57TDC=5b>R52i=PR<
<9JL<]R<
1l52PjJD>R8:EF<%GQPT U D798:J U ;=C=PR8:7TD C=<9JKV=PR52i=J:<9EDV0JDEDx2;=83GQA=CC=<9JK7TDEFV$5EDx2;a<%U GQ8:795C=<9i$<
C=<9V$<9;=C=<9P@>R52JDEF<9;HGQ<C=<uJDLC=8:>vGID;=798DpC=<9J V=A=;HGQ5nC=<u52i=>R<9PvD798 52U ;WDJ <]R<U0}<9>vGQ5n<9>\K
' ' 0f>R<9P
8:;=C=<9V$<9;=C=8:<9;HGQ<LC=<
0BV$52P\<9Je=<97I=5C=<KA=<L<9JeDJDEhi=PR<<9>@8:;}SB;=83GIDEF<9;HGQ<uJDPRx25=1
à52EF<9; TDEF52>@8:;=C=8:7TD;=C=5<9Je2<97%GQ52PC=<LV$52>R8:798 52U ; n C=<9J~V=A=;HGQ5C=<L52i=>R<9PvD798 52U 4; 0BfW<9J~C=<9J~V=A=;HGQ5C=<
JDhA=<9;HGQU< 0 0
L

(
(
6>QD;=C=5 D=52PQDJDjC=<%SB;=8:798 52U ;C=<9J\7TDEFV$5EDx2;a<%U GQ8:79B5 0OV$5C=<9EF52>h< }V=PR<9>QDP>RA=>7952EFV$52;=<9;HGQ<9>n7TDPvGQ< "
>R8D;BD> 0B<9;JDp52PRED

7 7
_ 2
3 , '

' '

'

7 7
_ 2

3 , '

' '

'

7 7
|
ui=>R<9PvDEF52>-A=U< 0VBDPQD7TDJ:79A=JDPODEhiBD>O7952EFV$52;=<9;HGQ<9>->R<9PBDU >RA}SB798:<9;HGQ<67TDJ:79A=JDP JDu8:;HGQ<9x2PQDJ}>R8:x2A=8:<9;HGQ<

Y

2
' '

' 3 , '
2 ' ' 3 , ' '
NO>vGQ<=UA J3GQ8:EF5pPR<9>RA=J3GIDC=5>R<LBDie U Dh52i}GQ<9;=8:C=5FD;HGQ<9PR8:52PREF<9;HGQU< 0BDJe7TDJ:79A=JDPw<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795C=<9i=8:C=5FD
A=;WDJDEhi=PR<68:;}SB;=83GIDEF<9;HGQ<6JDPRx25=1 NO;gC=<%SB;=83GQ83DLV$5C=<9EF52>a< }V=PR<9>QDP\;A=<9>vGQPR5nPR<9>RA=J3GIDC=5n<9;JDL52PRED
7 7
O Y e

"

6 6 9 M C<A G C<A = :<GHA
w` DJ:79A=J:<9EF52> D=52PQDu<9J}7TDEFV$5uV=PR5C=A=798:C=5V$52P A=;BDD;=8:J:J:5&5<9>RV=8:PQD ~798:PR79A=JDP02C=<wPQDC=8:5 0H<9;nA=;V=A=;HGQ5

C=RA<]R<16NO>R7952x2<9EF52>uJ:52>@<]R<9>uC=<pED;=<9PQDFA=<p<9J52PR8:x2<9;j79528:;=798:C=<L7952;j<9J79<9;HGQPR5gC=<pJD<9>RV=8:PQDV0f<9J
<]R<
<9>6V$<9PRV$<9;=C=8:79A=JDP@<9J~V=JD;=5C=<LJDn<9>RV=8:PQDV0B7952EF5F>R<L8:;=C=8:7TDn<9;jJDhSBx2A=PQD}1wc~D7952PRPR8:<9;HGQ<798:PR79A=JD
<9;<9J>R<9;HGQ8:C=57952;HGQPQDPR8:5DFJ:52>6V=A=;HGQ<9PR52>uC=<9JPR<9J:5" 0V$52P6J:5FGID;HGQB5 0C=<hD79A=<9PRC=5gDFJDFPR<9x2JDC=<pJDED;=5
C=<9PR<97IBVD 0=<9J 7TDEFV$5LEDx2;a<%U GQ8:795p<9;<9J$<]R<
C=<9i$<u<9>vGIDPaC=8:PR8:x28:C=5LDLJ:5pJDPRx25LC=<9J$<]R<
1-NOJ$7TDEFV$5LA=<9PQD
C=<9J <]R<n<9>EhA}fC=83v U 798:J~C=<h7TDJ:79A=JDPuD;BDJ U GQ8:7TDEF<9;HGQU< 0$V$52PuJ:579ABDJ >B52U J:57TDJ:79A=JDPR<9EF52><9J 7TDEFV$5<9;b<9J
<]RU< 0<9>@C=<9798:P 0 )| 7 | 7
1 à52EF<9; TDEF52>\V$52P\8:;=C=8:7TDPwJ:52>w2<97%GQ52PR<9> p f 0
K
/ -
à52;<9>vGQ5FV$5C=<9EF52>\<%DJ:ABDPwGQ5C=52>@J:52>aG}<9U PREF8:;=52>\C=<KJDhC=<%SB;=8:798 52U ;WC=<9J~7TDEFV$B5 0}52i}GQ<9;=8:<9;=C=5
)| 7 | 7
O _ '
2 ' ' ' ( 3 ,2 ' 2 ' ' ' 3 , ' (

0

?8:x2A=PQDnr}1 _ - 6;BD<9>RV=8:PQDn798:PR79A=JDP\C=<KPQDC=8:5 0BV$52P\JDhA=<L798:PR79A=JDhJDn7952PRPR8:<9;HGQ< 1
ON >vGQ<FPR<9>RA=J3GIDC=5W>R<F52i}GQ8:<9;=<nV=A=<9>LJD8:;HGQ<9x2PQDJ q|V0~EF8:<9;HGQPQD>A=<JDg5GQPQD ( Y ($ 1 ui "

>R<9Pv2<9EF52>nA=<U0-<9; <9>vGQ<gPR<9>RA=J3GIDC=5<9Ja7TDEFV$5jC=<9V$<9;=C=<gC=<
0OA=<PR<9V=PR<9>R<9;HGIDJDC=8:>vGID;=798D<9;HGQPR<g<9J
V=A=;HGQ5
fg<9Je79<9;HGQPR5FC=<KJDn<9>RV=8:PQD}1
"
6 6
J <: ; RK J C ;
`wDJ:79A=J:<9EF52>-D=52PQDK<9J7TDEFV$5B0H<9;<9JB<]R<6C=<@A=;>R52J:<9;=528:C=<\C=< A=<9J3GID>0PQDC=8:5 L fJDPRx25L\1Ol5C=<9EF52>

< }V=PR<9>QDP6J:52>w2<97%GQ52PR<9>C=<KV$52>R8:798 52U ;gC=<9Je52i=>R<9PvDC=52P\fgJDhA=<9;HGQ<U0

?8:x2A=PQDnr}1Zk -6;>R52J:<9;=528:C=<C=<KPQDC=8:5 fgJDPRx25 B0 V$52P\<9JeA=<L798:PR79A=JDhJDh7952PRPR8:<9;HGQ<1

z
L
y
K
(
2Y ( 7
<9; A=<
2Y

2Y 0 g / 0 H0ef
{<9>L<9JOVBD>R5C=<JD
a<9U J:8:79<1l5C=<9EF52>u< }V=PR<9>QDPu<9;52PREDFC=<h8:;HGQ<9x2PQDJJD>6GQPR<9>u7952EFV$52;=<9;HGQ<9>uC=<9J7TDEFV$5<9;<9J<]R<
<9>0
V$<9PR5F>B52U J:58:;=C=8:7TDPR<9EF52>wJDh7952EFV$52;=<9;HGQ<
)| 7 | 7
O _ ' 2
2Y 3 , '
'
'

2 Y
6>QDEF52> J:52>7TDEhi=8:52>C=<wDPR8Di=J:< g
2Y
02fpJ:A=<9x25uC=<%SB;=8:EF52><9J@DU ;=x2A=J:5 6GIDJ}A=< g !
!S0
<9;HGQ52;=79<9>

)| 7 | 7
O Y ' '.
2 3 , ' Y !26
' '

'
NOJePR<9>RA=J3GIDC=5SB;BDJ<9>0
)| 7 | 7
O 0Y 2 / ' / 3 7
<9;jA=<
)
2Y

)
2Y

' O
O

l52P@J:5nGID;HGQB5 0
)
2
Y

)
2Y

/ O

/ ' -

2 ' )
2
2 ' )
2Y
' 3 '
Y
'3'
1uo<nD7952>vGQA=Ehi=PQDDC=<%SB;=8:P6<9J;u=UA EF<9PR5FC=<LA=<9J3GID>V$52PA=;=8:CBDCjC=<pJDPRx25FC=<pJDFi$52i=8:;BVD 0 0

0<9;HGQ52;=79<9> 0<9Je7TDEFV$5<9;<9Je<]R<
GQ8:<9;=<K<9J DJ:52P
)| 7 | 7
O Y 2 ))
2
2Y Y
3 ' 2 ))
2
2Y Y
3 '
'
'
'

'
l5C=<9EF52>6C=<9EF52>vGQPQDP@A=<LJD>\7952EFV$52;=<9;HGQ<9>6=52PR8 952;HGIDJ:<9> f 0B<9;j<9J~<]R<
>R52;jEhA}fgV$<9A=< ;B1 D>0
>R8e<9Je>R52J:<9;=528:C=<u<9>6EhA}fJDPRx25 ) fg<9Je<9;=PR52J:JDC=5h<9>@EhA}fWDV=PR<%GIDC=5 0 1 NO;W<9>vGQ<L7TD>R5B0
<9Je7TDEFV$5<9>@EhA}fgA=;=8352PREF<uC=<9;HGQPR5C=<9Je>R52J:<9;=528:C=U< 0=7952;W<9JDJ:52P@DV=PR5 }8:EDC=5
0 7
< }79<9V}GQ579<9PR7TDFC=<KJ:52>\i$52PRC=<9> 0
K
2Y 0B<9;A=<L<9J7TDEFV$5
6 6
:<G KRJ K D K C ? J
à52EF5A=; =UA J3GQ8:EF5<]R<9EFV=J:B5 07952;=>R8:C=<9PR<9EF52>u<9J7TDEFV$5V=PR5C=A=798:C=5V$52PA=;BD7952PRPR8:<9;HGQ<p7952;}SB;BDCBDgDA=;
V=JD;=5 <9J6V=JD;=5
S0w7952;+7952PRPR8:<9;HGQ<j>RA=V$<9PvSB798DJ $ 1su<jD79A=<9PRC=5D JD PR<9x2JDbC=<jJDbED;=5
C=<9PR<97IBVD 0fWDnJDh>R8:EF<%GQPT U DhC=<9JeV=PR52i=J:<9EVD 0}<9Je7TDEFV$5C=<9i$<GQ<9;=<9P@JDh52PRED

7 7
O
7
<9;A=<

1 lDPQDpV=PR579<9C=<9Pa>R8:>vGQ<9E+DU GQ8:7TDEF<9;HGQU< 0iBD>vGIDL7TDJ:79A=JDP-<9J7TDEFV$5L<9;A=;V=A=;HGQ5
C=<9J~<]R<
0=GQ52ED;=C=5 L
(@0=f
7 7 |

&

)| 7 | 7
_
2
3 , '
' '
'
)| 7 | 7
|
)| 7 | 7
|
c~DK7952EFV$52;=<9;HGQ< C=<9J$7TDEFV$5K<9> )| 7 | 7
O
S0fR> <6V=A=<9C=<<9>R79PR8:i=8:P-7952EF5 GQPQD;=>v52PRED;=C=5
D79552PRC=<9;BDCBD>@798:J U ;=C=
PR8:7TD>

Y
e
H

H

_
Y
2 '
' 3 , '
2 '
' 3 , '

M
N DJ:ABD;=C=5B0=>R<L52i}GQ8:<9;=<

-
21
Y /
/
#%$ ( ' H"-,

6;BDVBDPvG U 79A=JD7TDPRxHDCBDV$0 <9;V=PR<9>R<9;=798DC=<hA=;7TDEFV$5EDx2;a<%U GQ8:795 ! \< }V$<9PR8:EF<9;HGIDA=;BDFA=<9P TD & 0
CBDCBDV$52P%JDhJ:JDEDCBDLA=<9P TDC=<Lce52PR<9;HG
& *
)r}1 _
465GIDEF52>hA=<WJDjA=<9P TDC=<9V$<9;=C=<C=<gJD7TDPRxHD<9J%<9U 7%GQPR8:7TD * O0 f JDj2<9J:5798:CBDCC=<WJD7TDPRxHD}1 6;BD
VBDPvG U 79A=JD8:;=8:798DJ:EF<9;HGQ<L<9; PR<9V$52>R5W;=5W< }V$<9PR8:EF<9;HGIDA=<9P TDWEDx2;a<%U GQ8:7TD}1ho8OJDVBDPvG U 79A=JD>R<<9;=79A=<9;
GQPQD<9;EF5 8:EF8:<9;HGQ5B 0 < }V$<9PR8:EF<9;HGIDA=;BDA=<9P TDA=<W<9>V$<9PRV$<9;=C=8:79A=JDPnDJDj2<9J:5798:CBDC fDJw7TDEFV$5 "
EDx2;a<%U GQ8:795=1
lDPQDn<9Je7TD>R5FC=<KA=;798:PR79A=83GQ5B}0 fHD=<9EF52>w8:>vGQ5FA=<KJDhA=<9P TDn<9>vGDFU CBDCBDnV$52P\JDn< }V=PR<9>R8 52U ;
&

DEhi=8:<9;4B0 VBDPQDnA=;BDnC=8:>vGQPR8:i=A=798 52U ;WC=<K7952PRPR8:<9;HGQ<9> w>R<K<9>R79PR8:i$<
& ! ! 2 ,
6 685
J C C<; K ? J ; GHAV? I = :<G !GHA 7G G Q; K G MOJ G K ;4I ? C<= J
6>QD;=C=5JDhJ:<%fgC=<L46<\ GQ52;40 <9;7952;"RA=;HGQ57952;JDpA=<9P TDC=<pce52PR<9;HG UB0 JDn<979ABD798 52U ;C=<KEF5 8:EF8:<9;HGQ5nC=<
A=;BDVBDPvG GQU 8:79A=JDh<9> ;=5FPR<9JDGQ838:>vGID

*
)r}1Zk!

!
o8eEhA=J3GQ8:V=J:8:7TDEF52>-<9>vGID<979ABD798 52U ;V$52P\JDp2<9J:5798:CBDC4=0 52i}GQ<9;=<9EF52>

* | 7
!

J:5A=<K<9A=83DJ:<KD

' - |
!
Y
c~D 7TD;HGQ8:CBDC^<9;HGQPR<VBDP<9U ;HGQ<9>R8:><9>JD <9;=<9PRxB U D 798:;a<%U GQ8:7TDbC=<JDbVBDPvG U 79A=JD}1ce5 A=<JDb<}V=PR<9>R8:52;
D;HGQ<9PR8:52PC=8:79<<9>A=<79ABD;=C=5A=;BD VBDPvG U 79A=JD 7TDPRxHDCBD >R<EhA=<%2<<9;A=; 7TDEFV$5 E Dx2;a<%U GQ8:795
" A=;=8352PREF<u5;=5 " 0=>RA<9;=<9PRxB U Dn798:;a<%U GQ8:7TDnV$<9PRED;=<979<K7952;=>vGID;HGQ<1
G MOJ
G K 4; I ? C<= J K C J A ;
o8e<9Je7TDEFV$5EDx2;a<%U GQ8:795n<9>@A=;=8352PREF<U0BDC=<9ED>\C=<KJ:5D;HGQ<9PR8:52P0=V$5C=<9EF52>w2<9P6A=<

* | 7
!
6 6

_
J:579ABDJe<9A=83DJ:<KD

!

O |
l52PuJ:5GID;HGQB5 0 JDGQPQDTf2<97%GQ52PR8DC=<hA=;BDVBDPvG U 79A=JDF7TDPRxHDCBD<9;A=;7TD;=V$5gEDx2;a<%U GQ8:795A=;=8352PREF<L<9>uA=;BD

a<9U J:8:79<1-l52Pa7952EFV$52;=<9;HGQ<9> 7TDPvGQ<9>R8D;BD> S0}JD> <979ABD798:52;=<9>\C=<EF5 8:EF8:<9;HGQ5p>R52; >R<uBDhC=<%SB;=8:C=5h7952EF5
<]R<
0$DJ<]R<KC=<9Je7TDEFV$5EDx2;a<%U GQ8:795

*
!

*
!

|
ceJDED;=C=5 *
!
&0=JDn>R52J:A=798 52U ;gC=<9Je>R8:>vGQ<9EDhGQ8:<9;=<KJDp52PRED

>R8:;

7952>

{ /
7
C=<6C=52;=C=<@>R<\2<6A=<@JDuGQPQDTf2<97%GQ52PR8D<9> A=;BD=<9J:8:79<\C=<6VBD>R5 0H<9;FA=< Y (
<9>-<9JBV$<9PT U 5C=5
C=<9J~EF5 8:EF8:<9;HGQ5h798:PR79A=JDPw<9;WGQ52PR;=5FDJDhC=8:PR<979798 52U ;WC=<9Je7TDEFV$5EDx2;a<%U GQ8:795=1

H & "' (*' "! ' "/ " *( )

( 6 ! ,H
l52P\<9J EF52EF<9;HGQ5h;=52>wPR<9>vGQPR8:;=x28:EF52>wDh7TDEFV$52>aEDx2;a<%U GQ8:7952>aV=PR5C=A=798:C=52>wV$52Pa7952PRPR8:<9;HGQ<9>\<9>vGID798:52;BDPR8D>

5C=<KP<9U x28:EF<9;WV$<9PRED;=<9;HGQ<S0
- _
/ ! ! / ,

su<9EF52>vGQPQDPR<9EF52>wA=<L<9Je7TDEFV$5nEDx2;a<%U GQ8:795nV=PR<%8DEF<9;HGQ<KC=<%SB;=8:C=5F>QDGQ8:>v)D79<
|
)r}1 r
c~DC=<9EF52>vGQPQD798 52U ;g<9>6>R8:EFV=J:<9EF<9;HGQ<uA=;7eDU J:79A=J:B5 0

_

/ / ,
A=>QDEF52>@A=;BD8:C=<9;HGQ8:CBDC2<97%GQ52PR8DWJ 0

- 7
<9;A=<KGQ52EDEF52> F
JD8:;HGQ<9x2PQD798 52U ;W<9>67 PDJD>@79552PRC=<9;BDCBD>67952; 3 wf 6 4
/ / , 0
fGQ<9;=<9EF52>

|

| 7

#

2k
J:5=UA J3GQ8:EF5pV$52PRA=< <9>@<9Jex2PQDC=8:<9;HGQ<KC=< / ! / S0=J:579ABDJe7952EFV=J:<%GIDhJDhC=<9EF52>vGQPQD798 52U ;1

NO>W8:EFV$52PvGID;HGQ<C=<9>vGID7TDPWA=< A=< JDJ:<%f+<9>vGDU <9;PR<9JD798 52U ;C=8:PR<97%GID7952;JD;=5< }8:>vGQ<9;=798DC=<
3 7TDPRxHD>EDx2;a<%U GQ8:7TD> 3 a7952EFVBDPQDP7952; S0A=;b=<97I=5< }V$<9PR8:EF<9;HGIDJ 1Lce5gA=<>R8:x2;=83SB7TDJD
C=<9EF52>vGQPQD798 52U ;EDGQ<9E+DU GQ8:7TDn<9>uA=<h;A=<9>vGQPQDC=<%SB;=8:798 52U ;C=<p7TDEFV$5EDx2;a<%U GQ8:795 <9>u7952EFVBDGQ8:i=J:<K7952;
<9>vGIDFJ:<%f21
;=5FBDTfg7TDPRxHD>@EDx2;a<%U GQ8:7TD> J:<%fg< }V$<9PR8:EF<9;HGIDJ
7TDEFV$5EDx2;a<%U GQ8:795n<9>@>R52J:<9;=528:CBDJ 1
JD>\J:8:;=<TD>\C=<K7TDEFV$5nEDx2;a<%U GQ8:795n>R52;>R8:<9EFV=PR<K79<9PRPQDCBD>91

,."&(*/ ( 6 ! ,H
-<9PR<9EF52>@A=<K<9>\V$52>R8:i=J:<uC=<%SB;=8:P\A=;WV$5GQ<9;=798DJ
<9JV$5GQ<9;=798DJ=<9J:<97%GQPR52>vGDU GQ8:795=1 c~DKPR<9JD798 52U ; J:<%f
A=;=798 52U ;W2<97%GQ52PR8DJ !a A=<L>QDGQ8:>v)D79<

2<97%GQ52PR8DJW0 ! S0=<9;W52PREDhD;@DU J:52xHDhDn7952EF5n>R<KC=<%SB;=<

|K8:EFV=J:8:7TDEDGQ<9E+DU GQ8:7TDEF<9;HGQ<wA=<@< }8:>vGQ<6A=;BD

- !
[];H2<9PR>QDEF<9;HGQ<U0O>R8 ! K S0<9;HGQ52;=79<9> |}1NOJO2<97%GQ52P <9>L<9J-J:JDEDC=5gV$5GQ<9;=798DJ
EDx2;a<%U GQ8:795n2<97%GQ52PR8DJ 1
465GQ<9EF52>aA=<U0}CBDC=5 0}<9J V$5GQ<9;=798DJ V=A=<9C=<7TDJ:79A=JDPR>R<6A=>QD;=C=5nJDLC=<%SB;=8:798 52U ; 0A=<
7952;=>vGQ83GQA}f2<pA=;BDF<979ABD798 52U ;jC=83<9PR<9;=798DJeVBDPQD ! u1\4657TDi$<LC=A=CBDFA=<pBDTfDJ~EF<9;=52>@A=;BDF>R52J:A=798 52U ;1
c~Dn2<9PRCBDC<9>6A=<LBDTfW8:;}SB;=83GID>91 NO>vGQ5F;=5C=<9i$<KV=PR<9579A=VBDPR;=52>0 fHDA=<LJ:5A=<p8:;HGQ<9PR<9>QDnv U >R8:7TDEF<9;HGQ<
<9> f;=5 <9>vGQ5;=5<9>@C=<9J GQ5C=5hGQPR838DJW0 7952EF5nJ:5hEhA=<9>vGQPQDn<9Je< }V$<9PR8:EF<9;HGQ5nC=<La52=E " BDPR52;=5 1
lDPQD8:J:A=>vGQPQDP~J:5uD;HGQ<9PR8:52P0 >RA=V$52;=xHDEF52>A=< ef ! ~CBD;hJ:A=xHDPDJEF8:>REF567TDEFV$5EDx2;a<%U GQ8:795
0=<9>6C=<9798:P

7
V$52P@J:5hGID;HGQ5B0
-|
NO>vGQ5;=58:EFV=J:8:7TDLA=< = 7 >R8:;=5A=<
7
<9; A=< <9>KA=;BDgA=;=798 52U ;<9>R7TDJDP(8:;HDPR8D;=798DC=<EF<9C=8:CBD5 3 C=<xHDA=x2< 3 1l52PKAavGQ521
NO; PR<TDJ:8:CBDC40 JDC=<%SB;=8:798 52U ;bC=< ;=5WC=<%SB;=<A=; =UA ;=8:795gV$5GQ<9;=798DJ7952EF5gfHD8:EF52> Se0 VBDPQDgBD79<9PuGIDJ
7952>QDW>R<;=<979<9>R83GIDg>QDi$<9PLDJ:x25ED>C=< T <9>RV$<972 U SB7TDEF<9;HGQ<U~0 BDTfA=<7952;=579<9PKJDC=832<9PRx2<9;=798DgC=< 0
V$<9PR5;=5BDTf;=8:;=x2A=;BDg7952;=C=8:798 52U ;v U >R8:7TDA=<F;=52>KCa<FU <9>vGIDW8:;}52PRED798 52U ;40 J:5WA=<>R8:x2;=83SB7TDgA=<FV=A=<9C=<
>R<9P6<9J:<9x28:CBD 3 Dnx2A=>vGQ5 3 1 6;BD<9J:<979798 52U ;W7952;H2<9;=8:<9;HGQ<L<9>@GQ52EDPw<9J KDA=x2<C=<pà52A=J:52Ehi 3 0
| 7
J:5A=<KV$52>R8:i=8:J:83GIDL<9Je7eDU J:79A=J:5nC=< 1 lDPQDnA=;BD7952PRPR8:<9;HGQ<K<9;A=;798:PR79A=83GQ5hSBJ:8352PREF<U0

r

- _ /
/ T
EF8:<9;HGQPQD>\A=<U0VBDPQDnA=;BDC=8:>vGQPR8:i=A=798 52U ;gC=<K7952PRPR8:<9;HGQ<K <9;W2 52J:A=EF<9;40
- _ / ! 2 , /

)r}1Z!
)r}1 z
ON >@DU 798:Je7952EFV=PR52iBDP\A=<L<9>vGQ52>6V$5GQ<9;=798DJ:<9>\<%<97%GQ83DEF<9;HGQ<L>QDGQ8:>v)D79<9; |}1a465GQ<9EF52>@DC=<9E+DU >

JDj>R8:EF8:JDPR8:CBDCA=<< }8:>vGQ<<9;HGQPR<g<9>vGQ<V$5GQ<9;=798DJ EDx2;a<%U GQ8:795uf <9JaV$5GQ<9;=798DJ <9J:<97%GQPR52>vGDU GQ8:795=1NO>vGID
D;BDJ:52xB U Dp;=52>@J:J:<%DnDn7952;=79J:A=8:P\A=<
' !
O
l52P@5GQPQDnVBDPvGQ<U0

!
'
'

J:A=<9x2B5 0=>R<KGQ8:<9;=<JDhJ:<%fgC=<KEFV$<9PRU< 0

-
)r}1
465GIDPA=<a<9>vGID<979ABD798 52U ;p<9>7952EFVBDGQ8:i=J:<O7952; |}1 c~D6J:<%fKC=< EFV$<9PR< V=A=<9C=<aGIDEhi=8:<9;L<9>R79PR8:i=8:PR>R<
<9;52PREDh8:;HGQ<9x2PQDWJ 0}A=>QD;=C=5FJDh7952PRPR8:<9;HGQ<K<9;=JD TDCBD

7
fg<9JGQ<952PR<9EDnC=<poGQ!5 <9> 0

e 7
)r}130 |

C=52;=C=< W<9>uJDF7952PRPR8:<9;HGQ<h<9;=79<9PRPQDCBDV$52P<9J798:PR79A=83GQ5 i$52PRC=<pC=<hJDF>RA=V$<9PvSB798:<DFGQPQDT-<9U >uC=<hJD
79ABDJ BA}f2<LJDn7952PRPR8:<9;HGQ< 1

)

6 685
&/ (* "!' ! ' ) H

:<G RA ; C K D K C ? J
-52J32<9EF52>6>R52i=PR<p<9>vGQ<p<]R<9EFV=J:5BB0 fHDC=8:>R79A}GQ8:C=5B0BfW7TDJ:79A=J:<9EF52>@<9J7TDEFV$5FEDx2;a<%U GQ8:795FA=>QD;=C=5JDJ:<%fWC=<
EFV$<9PR<1lDPQDg<9>vGQ57952;=>R8:C=<9PQDEF52>A=;BDGQPQDTf2<97%GQ52PR8DW798:PR79A=J:<9P e0 C=<PQDC=8:5g e0 79A}f25j79<9;HGQPR5<9>vGDWU <9;
<9J DJDEhi=PR<U0 fj<9>vGDU 7952;HGQ<9;=8:CBD<9;<9JV=JD;=5V$<9PRV$<9;=C=8:79A=JDPuDJDJDEhi=PR<1NOJ7TDEFV$5EDx2;a<%U GQ8:795FGQ8:<9;=<
>R8:EF<%GQPT U Dh798:J U ;=C=PR8:7TDV0 J:5nA=<L>R<KV=A=<9C=<L< }V=PR<9>QDP6<9;JDp52PRED
!
l52P@<9>vGQ5BB0 <9>6V$52>R8:i=J:<u< }V=PR<9>QDP6JDn798:PR79A=JD798 52U ;C=< <9;JDh52PRED
K Y e !
NOJPR<9>RA=J3GIDC=5D;HGQ<9PR8:52P@<9>C=<pDV=J:8:7TD798 52U ;DnGQ5C=52>6J:52>@7TD>R52>6C=R8:EF<%GQPT U Dh798:J U ;=C=PR8:7TD}1wà52;j<9>vGQ5B$0 V$5C=<
EF52>p8:x2ABDJDPL7952; JDj7952PRPR8:<9;HGQ<<9;=79<9PRPQDCBDV$52Pp<9Ja798:PR79A=83GQ5 EhA=J3GQ8:V=J:8:7TDCBDgV$52P (S 0 52i}GQ<9;=8:<9;=C=5 "

SB;BDJ:EF<9;HGQ<
!-

Y e

6 6 C8:8C K A J
NOJ7TD>R5C=<pA=;j798:J:8:;=C=PR5A=<pJ:J:<%DA=;BDF7952PRPR8:<9;HGQ<LC=8:>vGQPR8:i=Ae U CBDhGIDEhi=8:<9;j>R<pV=A=<9C=<pPR<9>R52J32<9PA=>QD;=C=5JD
J:<%fgC=<KEFV$<9PR<U0B>R8eJDh7952PRPR8:<9;HGQ<GQ8:<9;=<>R8:EF<%GQPT U Dh798:J U ;=C=PR8:7TDKGIDEhi=8:<9;40=7952;
! (
NO;<9>vGQ<7TD>R5<9>@D79<9V}GIDi=J:<79A=JDA=8:<9PwC=8:>vGQPR8:i=A=798 52U ;C=<7952PRPR8:<9;HGQ<<9;WA=< !S}0 fK ' ' 1
Ae U 7952;=>R8:C=<9PQDPR<9EF52>>B52U J:5u<9J7TD>R5<9;hA=< 7952;=>vGID;HGQ<SH0 <9> C=<9798:P20 A=;BDC=8:>vGQPR8:i=A=798 52U ;LA=;=
8352 PREF<1
[]x2ABDJBA=<@<9;<9JB7TD>R5LD;HGQ<9PR8:52PH0 JDu798:PR79A=JD798 52U ;h<9>aY e ! 1ce5KA=<@7TDEhi=8Du<9>-JDu7952PRPR8:<9;HGQ<\<9;=79<9PRPQDCBD
V$52P@<9Je798:PR79A=83GQ5 =0 A=<KGQ8:<9;=<< }V=PR<9>R8:52;=<9>6C=83<9PR<9;HGQ<9>6>R<9xw=UA ;W>R<KGQPQDGQ<C=<K Ffg5 B1
o8 =0 <9>vGIDEF52>a<9;g<9J EF8:>REF5p7TD>R5D;HGQ<9PR8:52P0 <9;gA=< \<9>wJDL7952PRPR8:<9;HGQ<GQ5GIDJW0 w &' T1
o8$5 0 <9;HGQ52;=79<9>wJD7952PRPR8:<9;HGQ<<9;=79<9PRPQDCBDLV$52P <9J798:PR79A=83GQ5 <9> A=;=798 52U ;FC=< H0 fDJ:< !O e-' T1
à52;<9>vGQ5B0 <9Je7TDEFV$5nEDx2;a<%U GQ8:795B}0 VBDPQDn >R<KV=A=<9C=<L< }V=PR<9>QDP67952EF5

!O
Y & '
J ?B; K =>C<G : M GHA G G MOJ "K C J A ;

o<FV=A=<9C=<F7952EFV$52PRiBDPu7952; EhA=7IBDg)D798:J:8:CBDCA=<F<9JOV$5GQ<9;=798DJ EDx2;a<%U GQ8:795 7952PRPR<9>RV$52;=C=8:<9;HGQ<FDWA=;
7TDEFV$5EDx2;a<%U GQ8:795nA=;=8352PREF<U0 (g <9>
0
2Y! K Y

l5C=<9EF52>\Dx2PQDxHDP A=<< }8:>vGQ<9;gEhA=7I=52>wV$5GQ<9;=798DJ:<9>aC=8:>vGQ8:;HGQ52>aA=<ux2<9;=<9PQD;g<9J EF8:>REF5p7TDEFV$5 V$52P
EF<9C=8:5C=<KJDh52V$<9PQD798 52U ; 1-NO;<%<97%GQ5BB0 7952;=>R8:C=<9PR<LJ:52>\V$5GQ<9;=798DJ:<9>

'
C=<9E+DU > 0 >R<V=A=<9C=<2<9PhA=<JDWC=83<9PR<9;=798D<9;HGQPR<gDEhi$52>p>R<V=A=<9C=<< }V=PR<9>QDPn7952EF5j<9J x2PQDC=8:<9;HGQ<C=<
A=;BDnA=;=798 52U ;W<9>R7TDJDP=0 fgV$52P\J:5hGID;HGQ5B0 DEhi$52>\V$5GQ<9;=798DJ:<9>\x2<9;=<9PQD;<9JeEF8:>REF5h7TDEFV$5EDx2;a<%U GQ8:795=1
'

(*&!." ! $&/ ,H /5( N'
à52;=>R8:C=<9PR<9EF52>W<9JV$5GQ<9;=798DJuEDx2;a<%U GQ8:795C=<bA=;798:PR79A=83GQ5 0 V$52Pg<9J79ABDJ798:PR79A=JD A=;BD7952PRPR8:<9;HGQ< 1
ceJDEF<9EF52> DJ 3 PQDC=8:5 3 C=<9Ja798:PR79A=83GQ5B 0 C=<%SB;=8:C=57952EF5JDjE+D U }8:EDC=8:>vGID;=798D<9;HGQPR<gC=52>nV=A=;HGQ52>nC=<9J
798:PR79A=83GQ5B0
0
2Y!

/ ! /
NO>vGIDnC=<%SB;=8:798 52U ;g>R<PR<9C=A=79<KDJ PQDC=8:5hA=>RABDJW}0 VBDPQDhA=;g798:PR79A=83GQ5h798:PR79A=JDP0 C=<ED;=<9PQDpA=<<9>\A=;BDhi=A=<9;BD
C=<%SB;=8:798 52U ;1`wDJ:79A=J:<9EF52><9J@V$5GQ<9;=798DJ D x2PQD;^C=8:>vGID;=798DbC=<9J@798:PR79A=83GQ5 <9>vGQ5 <9>\0 <9J@V=A=;HGQ5 C=<
52i=>R<9PvD798 52U ;h<9>vGDFU DnA=;BDC=8:>vGID;=798D S0 / / =0 VBDPQDhGQ5C=5 "1
6>QDEF52>\JDn< }VBD;=>R8:52;EhA=J3GQ8:V$52JDP0
0 0 0
/ ! /
6 6
Q

'
z
J:A=<9x25B0

! - _ ,

|

<9;jA=<K>R<KBDA=>QDC=5F<9Je=<97I=5

2
7

o<KV=A=<9C=<LC=<9EF52>vGQPQDP\A=<K<9>vGID< }V=PR<9>R8 52U ;D;HGQ<9PR8:52P\VBDPQD <9>6<9A=83DJ:<9;HGQ<LD
! - _ , 7
)r}13020
<9;A=< q <9>O<9J=EF52EF<9;HGQ5uC=8:V$52JDPEDx2;a<%U GQ8:79B5 0 0f <9>OA=;<9J@DU PR<TDuC=<9J=798:PR79A=83GQ5=1 o8=<9J}798:PR79A=83GQ5
<9>LV=JD;=B5 0 <9>KV$<9PRV$<9;=C=8:79A=JDPKDJOV=JD;=5WC=<9JO798:PR79A=83GQB5 0f>RA EDx2;=83GQA=C<9>L8:x2ABDJ DJFDU PR<TDWx2<952E<%U GQPR8:7TD
C=<9J~798:PR79A=83GQ5=1
0
2!Y 6

NOJe7TDEFV$5EDx2;a<%U GQ8:795 ! a>R<L52i}GQ8:<9;=<uDU 798:J:EF<9;HGQU< 0GQ52EDC=5<9JPR5GQ52P\C=< T=7952;<9JePR<9>RA=J3GIDC=5
! O _ , M !
NO>\DU 798:JV=PR52iBDP\A=< >R<KV=PR52V$52;=<K7952EF5n<]R<9PR798:798:5
JDhA=<9P TD>R52i=PR<KA=;C=8:V$52J:5hEDx2;a<%U GQ8:795n<9;A=;7TDEFV$5EDx2;a<%U GQ8:795nA=;=8352PREF<u<9>@79<9PR5=1
<9JGQ52PRA=<K>R52i=PR<LA=;C=8:V$52J:5 " <9;A=;W7TDEFV$5EDx2;a<%U GQ8:795nA=;=8352PREF< " <9> 1

X

su<LD79A=<9PRC=5Dn>RA=>6V=PR52V=8:<9CBDC=<9>@EDx2;a<%U GQ8:7TD>0=J:52>wEF<9C=8:52>\EDGQ<9PR8DJ:<9>w>R<KV=A=<9C=<9;j79JD>R83SB7TDP\<9;
8 C=8DEDx2;a<%U GQ8:7952> Oce52>\EDGQ<9PR8DJ:<9>aC=8DEDx2;a<%U GQ8:7952>w>R52; Ca<9U i=8:J:EF<9;HGQ<PR<9V$<9J:8:C=52> 3 V$52P\JD> 952;BD>@C=<
7TDEFV$5EDx2;a<%U GQ8:795n<9J:<%DC=5=1
8:8 VBDPQDEDx2;a<%U GQ8:7952> sj<9U i=8:J:EF<9;HGQ<hDGQPQD= U C=5V$52PuJD> 952;BD>uC=<n7TDEFV$5gEDx2;a<%U GQ8:7958:;HGQ<9;=>R5=1ho<n52i "
>R<9PvDnPR<979A=<9;HGQ<9EF<9;HGQ<p<9;xHD>R<9>91
8:8:8 <9PRPR52EDx2;a<%U GQ8:7952> K?BA=<9PvGQ<9EF<9;HGQ<DGQPQD= U C=52>V$52PJD> 952;BD>KC=<F7TDEFV$5WEDx2;a<%U GQ8:795g8:;HGQ<9;=>R5 V=PR< "
>R<9;HGID; DC=<9E+DU ><9;@52U EF<9;=52>uC=<n=8:>vG}<9U PR<9>R8:>f< }8:>vGQ<9;bC=52EF8:;=8:52>@<9PRPR52EDx2;a<%U GQ8:7952> 1Lo<n52i=>R<9PvD
<9;WSB<9PRPRB5 0B;=8:A=<9WJ 0=7952iBDJ3GQ5nfWDJ:<TD798:52;=<9>91

' "/ ' ( ,H !.)+
-
a` ABDJ:83GIDGQ83DEF<9;HGQ<U0T<9J27952EFV$52PvGIDEF8:<9;HGQ5wEDx2;a<%U GQ8:795wC=<OJ:52>EDGQ<9PR8DJ:<9>0T>R<-V=A=<9C=<-<9;HGQ<9;=C=<9P~<9;G}<9U PREF8:;=52>

C=<9Jw>R8:x2A=8:<9;HGQ<EF5C=<9J:5 FNOJw7TDEFV$5EDx2;a<%U GQ8:795< GQ<9PR;=5 L52PR8:<9;HGID58:;=C=A=79<gC=8:V$52J:52>LEDx2;a<%U GQ8:7952>
EF8:79PR52>R7e52U V=8:7952> uEDx2;=<%GQ8 TD798 52U ; S0a<9>vGQ5B0wDb>RA2< U0\CBDb52PR8:x2<9;DbA=;^7TDEFV$5bEDx2;a<%U GQ8:795bA=<>R<
>RA=V$<9PRV$52;=<DJ 7TDEFV$5W52PR8:x28:;BDJ 1nNOJO7TDEFV$5WGQ5GIDWJ 0~Dg>RA 2< U0 D7%GBUA Dg>R52i=PR< 1lOA=<9C=<V$<9;=>QDPR>R<FA=<
<9>vGQ<g<9>nA=;V=PR579<9>R5C=8:;@DU EF8:795C=<WD RA=>vGQU< 0O<9JaA=<gJ:J:<9xHDjDJ <9>vGIDC=5b<9>vGID798:52;BDPR8:5jEhA}f PBDU V=8:CBDEF<9;HGQ<1
o<KBDh<9;=7952;HGQPQDC=B5 0B<9;g52PREDp< }V$<9PR8:EF<9;HGIDWJ 0}A=< <9>@V=PR52V$52PR798:52;BDJ DJ7TDEFV$5 0=VBDPQDhEDGQ<9PR8DJ:<9>
C=8D 3 f VBDPQD 3 EDx2;a<%U GQ8:7952>91NOJO7TD>R5W<9PRPR52EDx2;a<%U GQ8:795g<9>LE+DU >7952EFV=J:8:7TDC=B5 0 f>B52U J:5WJ:5WC=<9>R79PR8:i=8:PR<9EF52>
i=PR<%2<9EF<9;HGQ<pE+DU >wGIDPRC=<1
<9;=C=5A=;V$5795jED>hDJaD>RV$<97%GQ5EF8:79PR52>R7e52U V=8:79B5 0>R<V=A=<9C=<g8:EDx28:;BDPA=<JDWEDx2;=<%GQ8 TD798 52U ;
V=PR5 8:<9;=<C=<JDK< }8:>vGQ<9;=798DLC=<6798:<9PvGID> 3 7952PRPR8:<9;HGQ<9>wDG52U EF8:7TD> 3 1 NO;<9>vGIDLGQ<952PT U VD 0HJ:52>DU GQ52EF52>->R<7952EFV$52P "
GID;7952EF5V$<9A=< ;=1 52>@C=8:V$52J:52>wEDx2;a<%U GQ8:7952> 0}C=<KEF52EF<9;HGQ5EDx2;a<%U GQ8:795 & 0BCBDC=5V$52P

&

&

- /
<9;A=< <9><9JgDU PR<TDC=<gJD 52U PRi=83GIDjC=<9Jw<9J:<97%GQPB52U 4; 0 -u<9>JDj7952PRPR8:<9;HGQ<g<9J:<97%GQPB52U ;=8:7TDV04-p *

V$<9PT U 5C=5C=<KJD52U PRi=83GIDV0f LJDn7TDPRxHDnC=<9Je<9J:<97%GQPB52U ;1ODEhi=8:<9;W>R<LV=A=<9C=<L<9>R79PR8:i=8:P

'
Y *
0
<9>n<9J
z2|

%

NO>vGID> 7952PRPR8:<9;HGQ<9>DG52U EF8:7TD> 3 <9>vGDU ;J:8:xHDCBD>DJ:52>DU GQ52EF52>0 V$52PJ:579ABDJ;=5gV=PR5C=A=79<9;GQPQD;=>RV$52PvGQ<

C=<7TDPRxHDj;=<%GID<9; A=; 252J=UA EF<9;bSB;=83GQ5jC=<EDGQ<9PR8DJ 1gNOJ EF<97TD;=8:>REF5C=<V=PR5C=A=79798 52U ; C=<F<9;@52U EF<9;=52>
EDx2;a<%U GQ8:7952>\<9>@<9;HGQ52;=79<9>679JDPR5B0=V=A=<9>@JD>\7952PRPR8:<9;HGQ<9>6D;HGQ<9PR8:52PR<9> J:JDEDCBD> 3 C=<KEDx2;=<%GQ8 TD798 52U ; 3 V=PR5 "
C=A=798:PBDU ;A=;7TDEFV$5nEDx2;a<%U GQ8:795hSB;=83GQ5=1
lDPQD<9;HGQ<9;=C=<9PF7952PRPR<97%GIDEF<9;HGQ<g<9JwEDx2;=<%GQ8:>REF5j>R<gPR<9A=8:<9PR<gA=;BDGQ<952PT U DjEF8:79PR52>R7e52U V=8:7TDV0 A=<W< "
V=J:8:A=<n7e52U EF5DVBDPR<979<9; JD>7952PRPR8:<9;HGQ<9>LDG52U EF8:7TD>DgJD>A=<F;=52>KPR<%<9PR8:EF52>V=PR<%8DEF<9;HGQ<U0efV$<9PREF83GID
7TDJ:79A=JDPRJD>91O4652>R5GQPR52>@7952;=>R8:C=<9PQDPR<9EF52>\>B52U J:5<9J~D>RV$<97%GQ5FED79PR52>R7e52U V=8:795C=<9JeEDx2;=<%GQ8:>REF5=1
&

( ,H (*
-
"!
07952EF56JD@C=<9;=>R8:CBDChC=<aC=8:V$52J:52>~EDx2;a<%U GQ8:7952>~V$52PA=;=8:CBDCpC=<-252J=UA EF<9;40

- 0 * % %
130
C=<g<9>vGIDED;=<9PQDV0 <9>A=;BDjA=;=798 52U ;C=<9JwV=A=;HGQ5 0 ! 1 6;BDEhA=<9>vGQPQDC=<gEDGQ<9PR8DJ <9>vGD U
EDx2;=<%GQ8 TDCBDh>R8 | 0=fgC=<9>REDx2;=<%GQ8 TDCBDn>R8 6 %|}1
NOJeEF52EF<9;HGQ5nC=8:V$52JDPaEDx2;a<%U GQ8:795C=<KA=;BDnV$52PR798 52U ; $C=<KEDGQ<9PR8DJ >R<9PBDU
-
2
@<97952PRC=<9EF52>FA=<A=;C=8:V$52J:5EDx2;a<%U GQ8:795bC=<WEF52EF<9;HGQ5
V=PR5C=A=79<A=;7TDEFV$5bEDx2;a<%U GQ8:795 0 A=<

V=A=<9C=<n52i}GQ<9;=<9PR>R<DVBDPvGQ8:P6C=<9JV$5GQ<9;=798DJ 1c~D7952;HGQPR8:i=A=798 52U ;jC=<9JEF52EF<9;HGQ5EDx2;a<%U GQ8:7958 S0
J:57TDJ:8 TDC=5h<9; 0 DJV$5GQ<9;=798DJ<9; h <9>%
7
-
1ZY!
_
,
<9;jA=< 1-NOJeV$5GQ<9;=798DJ GQ5GIDJ<9>6<9;HGQ52;=79<9>
- _ / ! / , 2
1 M
ui}GQ<9;=xHDEF52>6D=52PQDn<9Je7TDEFV$5 0
! O _ / ! / ,
1 _
lDPQDBD79<9P@<9>vGQ<L7eDU J:79A=J:5B}0 PR<97952PRC=<9EF52>@JDh8:C=<9;HGQ8:CBDCg2<97%GQ52PR8DJ
0
1Zk!
/ ! / ,
/ /
à52;<9>vGQ5B0 V$5C=<9EF52>\<9>R79PR8:i=8:P
- _ / 0 /
1 r
su<%SB;=8:EF52>JD@EDx2;=<%GQ8 TD798 52U ;
&
&
&
"
&

z}0
lDPQD>R8:EFV=J:83SB7TDPa<9>vGID< }V=PR<9>R8 52U ;40V$5C=<9EF52>\A=>QDP@JDh8:C=<9;HGQ8:CBDC

0 6
0 0

/ /
/ ! /
/ /

NOJaV=PR8:EF<9PKG}<9U PREF8:;=5jC=<9Ja>R<9x2A=;=C=5EF8:<9Ehi=PR5<9>hV=PR<9798:>QDEF<9;HGQ<EhA=<9>vGQPR58:;HGQ<9x2PQD;=C=5B0< }79<9V}GQ5bV$52Pp<9J
52PRC=<9;C=<KJ:52>w)D7%GQ52PR<9>@C=<9JeV=PR5C=A=7%GQ52<97%GQ52PR8DJ 1-l5C=<9EF52>\PR<952PRC=<9;BDP@J:52>w)D7%GQ52PR<9>@C=<KED;=<9PQDnA=<
/ ! 0 / / 0 / / ! 0 /
à52;<9>vGQB5 0V$5C=<9EF52>\<9>R79PR8:i=8:P
! - _ / ! / _ / 0 / 7
1Z!
C=52;=C=< ! 1OC=<9E+DU >@V$5C=<9EF52>\A=>QDP@JDh8:C=<9;HGQ8:CBDC
& 2
/ &
&
1 z

o8eC=<%SB;=8:EF52>\JD 3 97 52PRPR8:<9;HGQ<K>RA=V$<9PvSB798DJC=<LEDx2;=<%GQ8 TD798:52; 3 0 0
- / 7
1
<9;HGQ52;=79<9>V$5C=<9EF52>\<9>R79PR8:i=8:P

! O _ / ! / _
/ ! / /
130 |
NOJO7eDU J:79A=J:5g;=5W<9>vGIDW7952;=79J:A=8:C=B5 0eV=A=<9>GQ5CBDT8DgBDTfA=<7TDJ:79A=JDPu<9J PR5GQ52PC=< ! S0eJ:5g79ABDJO>R<9PT U DgA=;
7eDU J:79A=J:5\iBD>vGID;HGQ<-JDPRx2B5 0T>R8HJ:5\<9EFV=PR<9;=C=8%<9U PQDEF52>C=<OED;=<9PQD\C=8:PR<97%GID}1o8:;K<9EhiBDPRx25B0 <9JHBDi$<9PGQPQDiBD QDC=5
7952;<9J\V$5GQ<9;=798DJ ;=52>CBDC=838:C=<9;=C=52>FD=52PQVD 0 V=A=<9>;A=<9>vGQPR52>FPR<9>RA=J3GIDC=52>8:;=C=8:7TD;A=<W<9J\7TDEFV$5
EDx2;a<%U GQ8:795V=PR5C=A=
798:C=5V$52P6JDFEDx2;=<%GQ8 TD798 52U ; <9>u<9JEF8:>REF5FA=<hV=PR5C=A=79<9;JD>6C=8:>vGQPR8:i=A=798:52;=<9>C=<
7952PRPR8:<9;HGQ< f 1OC=<9E+DU > 0=fHD7952;=579<9EF52>\JDnJ:<%fC=<KEFV$<9PRU< 0BJ:A=<9x2B5 0

- 7
<9;jA=<K<9Je7TDEFV$5 w<9>@<9JeV=PR5C=A=798:C=5V$52P\JDnEDx2;=<%GQ8 TD798 52U ; 1
NOJ-7TDEFV$5jEDx2;a<%U GQ8:795gGQ5GIDJ-<9>pJDW>RA=V$<9PRV$52>R8:798 52U ; C=<9J 7TDEFV$5V=PR5C=A=798:C=5jV$52PK798:<9PvGID>L7952PRPR8:<9;HGQ<9>
PR<TDJ:<9> 0}f<9JV=PR5C=A=798:C=5hV$52PwJDhEDx2;=<%GQ8 TD798 52U ;C=<9JEDGQ<9PR8DWJ 0 0BDhJ:52>w79ABDJ:<9>wC=<9;=52EF8:;BDEF52> f
0=PR<9>RV$<97%GQ83DEF<9;HGQU< 0B<9;HGQ52;=79<9>

! O ! O
l52P =UA J3GQ8:EFB5 0=PR<9<9EFV=JD TD;=C=5JDF7952PRPR8:<9;HGQ<pC=<hEDx2;=<%GQ8 TD798 52U ; 0$fjC=<%SB;=8:<9;=C=5<9J7TDEFV$5
0=GQ<9;=<9EF52>

&
&
&
&
)
&
zHY

%

Di=JDF130! D J:52PR<9>\C=<KJDh>RA=>R79<9V}GQ8:i=8:J:8:CBDCgEDx2;a<%U GQ8:7TDnVBDPQDDJ:x2A=;=52>\EDGQ<9PR8DJ:<9>

J:A=EF8:;=8:5
' 0pDGQE1
a8
àA
<%GQ71

Y 0 |
L020 0 |
L0 7 r 0 |
| 2
z 0 |
VBDPQDEDx2;a<%U GQ8:795
C=8DEDx2;a<%U GQ8:795
l 5C=<9EF52>-2<9PaA=< >QDGQ8:>v)D79<6A=;BDpPR<9JD798 52U ;C=83<9PR<9;=798DJ>R8:EFV=J:<U0HJ:JDEDCBD 3 J:<%fFC=<6EFV$<9PR< 3 x2<9; "

<9PQDJ:8 TDCBD S0}A=<L>R<K52i}GQ8:<9;=<KC=<KJDhC=<%SB;=8:798 52U ;WC=< 0

! -
13020
à52;<9>vGQB5 0JD><979ABD798:52;=<9>uC=<h7TDEFV$5VBDPQD<9JEDx2;=<%GQ8:>REF5<9;EF<9C=8:52>6EDGQ<9PR8DJ:<9>&-<9;7952;=C=8:798:52;=<9>
<9>vGDU GQ8:7TD> w>R52;JD>\A=<K>R8:x2A=<9;

|
130"!Y

7
130 M
JD>-A=<6C=<9i$<9;>R<9Pa>RA=V=J:<9EF<9;HGIDCBD> 7952;JDC=<%SB;=8:798 52U ;FC=< 0}DC=<9E+DU >-C=<6JDKPR<9JD798 52U ;< }V$<9PR8:EF<9;HGIDJ
<9;HGQPR< f 0BC=<KJDhA=<LC=8:>R79A}GQ8:PR<9EF52>\V=PR5 }U 8:EDEF<9;HGQ<1
su<wJD<979ABD798 52U ; C=<9C=A=798:EF52>OD=52PQDuJD652PREDx2<9;=<9PQDJ:8 TDCBDC=<\JD 3 J:<%fp798:PR79A=83GIDJC=<\EFV$<9PR< 3

130T_

&

&
-
$&!. ,H $& / ' *( ' )+( 6 ! ,H (

?DJ3GIDA=;BDPR<9JD798 52U ;<9;HGQPR< f )D;@DU J:52xHDDJDPR<9JD798 52U ;<9;HGQPR< g f VBDPQDEF<9C=8:52>u7952;=C=A=7%GQ52PR<9> 1
lDPQDA=;BDx2PQD;W7TD;HGQ8:CBDCWC=<KEDGQ<9PR8DJ:<9>w>R<K79A=EFV=J:<A=;BDPR<9JD798 52U ;gJ:8:;=<TDJ

130"k!

c~D7TD;HGQ8:CBDC <9>DC=8:EF<9;=>R8:52;BDJfg>R<LC=<9;=52EF8:;BDh>RA=>R79<9V}GQ8:i=8:J:8:CBDCgEDx2;a<%U GQ8:7TD

NOJeEDGQ<9PR8DJ >R<KC=<9;=52EF8:;BDnVBDPQDEDx2;a<%U GQ8:795n>R8 |}1
NOJeEDGQ<9PR8DJ >R<KC=<9;=52EF8:;BDnC=8DEDx2;a<%U GQ8:795h>R8 |}1
o8 0 0=<9JeEDGQ<9PR8DJ <9>\<9PRPR52EDx2;a<%U GQ8:795=1
c~Dp>RA=>R79<9V}GQ8:i=8:J:8:CBDC EF8:C=<6JDL7TDVBD798:CBDCC=<uJ:52> EF52EF<9;HGQ52>aEDx2;a<%U GQ8:7952> EF8:79PR52>R7e52U V=8:7952>aDnDJ:8:; "
<TDPR>R<p7952;<9J~7TDEFV$5F< GQ<9PR;=5=1o<pC=<%SB;=<LGIDEhi=8:<9;jJD 3 V$<9PREF<TDi=8:J:8:CBDCWEDx2;a<%U GQ8:7TD 3 C=<9J~EF<9C=8:5 0A=<
<9>vGIDi=J:<979<LA=;BDPR<9JD798 52U ;gC=<KV=PR52V$52PR798:52;BDJ:8:CBDC<9;HGQPR< f 0
- 0 7
<9;HGQ52;=79<9> 0 1LlDPQDJ:52>uEDGQ<9PR8DJ:<9>6;=5<9PRPR52EDx2;a<%U GQ8:7952>>R<nV=A=<9C=<nC=<9798:PuA=< 0
<9; 7TDEhi=8:B5 0J:52>u<9PRPR52EDx2;a<%U GQ8:7952>GQ8:<9;=<9;bV$<9PREF<TDi=8:J:8:CBDC=<9>EhA}fbDJ3GID> 0
q0 <9>vGQ<F79A=5798:<9;HGQ<
V=A=<9C=<KDJ:<9P\C=<9Je52PRC=<9;C=<pk|2|2| 1

z2M

?8:x2A=PQD130! àA=PvDC=<KEDx2;=<%GQ8 TD798 52U ;fgV$<9PREF<TDi=8:J:8:CBDCPR<9JDGQ83DhC=<9Je=8:<9PRPR57952EF<9PR798DJ#PR<9795798:C=5 1

&
-21
# H)+( 6 ,H !.)+ ! ,! H"!. !

à52EF5g>R<nBD8:;=C=8:7TDC=5B0$J:52>uEDGQ<9PR8DJ:<9>@<9PRPR52EDx2;a<%U GQ8:7952>uD<97%GID;C=PBDU >vGQ8:7TDEF<9;HGQ<hJD>u7TDPQD7%GQ<9PT U >vGQ8:7TD>
C=<J:52>L>R8:>vGQ<9ED>L<9; J:52>pA=<>R<J:52>LA=>QD}1jce52>pEDGQ<9PR8DJ:<9><9PRPR52EDx2;a<%U GQ8:7952>K;=5>R52; J:8:;=<TDJ:<9> 3 1NO>vGQ5
>R8:x2;=83SB7TDFA=<pJD>6PR<9JD798:52;=<9>@<9;HGQPR< f 5<9;HGQPR< f @;=57952PRPR<9>RV$52;=C=<9;bDFJ U ;=<TD>@PR<97%GID>91NO;
PR<TDJ:8:CBDC40 J:5A=<579A=PRPR<F<9>pE+DU >K7952EFV=J:8:7TDC=5W<8:;HGQ<9PR<9>QD;HGQ<UOT JDWPR<9JD798 52U ; <9;HGQPR< f V=PR<9>R<9;HGID<9J
<9;@52U EF<9;=5C=< 1NO>vGQ5>R8:x2;=83SB7TDA=<U0 79ABD;=C=5K>R<\>R52EF<%GQ<\DJ}EF<%GQ<9PR8DJ}DuA=;n798:79J:5uC=<\52V$<9PQD798 52U ;40
JDEDx2;=<%GQ8 TD798 52U ; PR<9JD798 52U ; 6>R8:x2A=<hA=;BD79A=PvD7952EFV=J:8:7TDCBD}1NO;bx2<9;=<9PQDJW0 >R<n7952;=>R8:C=<9PQDA=<
<9JO7TDEFV$5g< }7983GID;HGQ<n<9> V=A=<9>K<9>vGDWU C=8:PR<97%GIDEF<9;HGQ<nPR<9JD798:52;BDC=5gDgJD7952PRPR8:<9;HGQ< 1nlOA=<9C=<<9;HGQ52;=79<9>
579A=PRPR8:PWA=< |Vu0 f GID;HGQ5 7952EF5 >R<TD; C=8:>vGQ8:;HGQ52>WC=< 79<9PR5 ^<9>vGQ5+<9>J:5A=< >R< 7952;=579<
7952PRPR8:<9;HGQ<9EF<9;HGQ<p7952EF5A=;j8:E+DU ;1@ce52>6EDGQ<9PR8DJ:<9>w<9PRPR52EDx2;a<%U GQ8:7952>@>R52;<9J 6 8:<9PRPR5B$0 468:A=<9JW0 à52iBDJ3GQ5B0
fLDJ:x2A=;BD>DJ:<TD798:52;=<9>91su<9>RC=<a<9JHV=A=;HGQ5C=<-8:>vGID\GQ<979;=52J 52U x28:795@>R52;pEhA}f8:EFV$52PvGID;HGQ<9>~VBDPQD6DV=J:8:7TD798:52;=<9>
<9; x2<9;=<9PQD798 52U ; C=<<9;=<9PRxB U DVe0 EF5GQ52PR<9><9J%<9U 7%GQPR8:7952>0 DJ:ED79<9;BDEF8:<9;HGQ5C=<8:;}52PRED798 52U ; 798:;HGID>fC=8:>R7952>
EDx2;a<%U GQ8:7952> S=0 <%GQ71
lDPQD<9;HGQ<9;=C=<9Ph<9JO<9;@52U EF<9;=5B0 >R<7952;=>R8:C=<9PQDA=;BDEhA=<9>vGQPQDjC=<FEDGQ<9PR8DJ <9PRPR52EDx2;a<%U GQ8:795B~0 8:;=8:798DJ "
EF<9;HGQ<WC=<9>REDx2;=<%GQ8 TDCBD}1o<g7952;=>R8:C=<9PQDA=<W<9J\VBDPBDU EF<%GQPR5C=<W7952;HGQPR52Jw< }V$<9PR8:EF<9;HGIDJw<9><9Jw7TDEFV$5
0 V=A=<9>j<9U >vGQ<h<9>vGDU C=8:PR<97%GIDEF<9;HGQ<pPR<9JD798:52;BDC=5DJDF7952PRPR8:<9;HGQ<p<9J%<9U 7%GQPR8:7TD V$52PJDJ:<%fC=<hEFV<9 PR< 1o8
<9J~7TDEFV$5 >R<L8:;=79PR<9EF<9;HGIDVB0 C=<9>RC=<p79<9PR5B0 JDEDx2;=<%GQ8 TD798 52U ;gC=<9J~EDGQ<9PR8DJ79PR<979<9PBDFU EF52;@5U GQ52;BDEF<9;HGQ<U0
C=<9>R79PR8:i=8:<9;=C=5FA=;BD79A=PvD7952EF5JDnC=<KJDhSBx2A=PQD1 _=1 o8eA=;=5FC=<%SB;=8:<9PQD
=0 <9JDJ:52P\C=< >R<9PT U D
A=;BDA=;=798 52U ;WC=< 7952;A=;jPQD;=x25C=<DPR8DPR8D798 52U ;C=<KDPR8:52>52U PRC=<9;=<9>6C=<KEDx2;=83GQA=C1 o<L52i=>R<9PvDV0 <9;
V=PR8:EF<9P\J:A=xHDP\JDn< }8:>vGQ<9;=798DFC=<KA=;BD ! BT <9>vGQ5F<9>$0 A=<L>R8~<9Je7TDEFV$5 DJ:7TD; TDnA=;DJ:52P\>RA}S "
798:<9;HGQ<9EF<9;HGQ<L<9J:<%DC=5B}0 JDhEDx2;=<%GQ8 TD798 52U ; DJ:7TD; TDnA=;gDJ:52PwE+D U }8:EF5B0 A=<KC=<9V$<9;=C=<LC=<9JeEDGQ<9PR8DJ 1
NO>vGQ<LPR<9>RA=J3GIDC=5F< }V$<9PR8:EF<9;HGIDJeV=A=<9C=<L<9;HGQ<9;=C=<9PR>RR8:EFV=J:<9EF<9;HGQ<U=0 V=A=<9>6>R8:x2;=83SB7TDnA=<L<9;A=;BDEhA=<9>vGQPQD
>QDGQA=PQDCBDnGQ5C=52>\J:52>\C=8:V$52J:52>wEDx2;a<%U GQ8:7952>\<9J:<9EF<9;HGIDJ:<9>\>R<KBD;jDJ:8:;=<TDC=5n7952;W<9Je7TDEFV$5 1
[]EDxB U ;=<9>R<D=52PQDWJDEhA=<9>vGQPQDWfHDWEDx2;=<%GQ8 TDCBDV0 f<9; V=PR<9>R<9;=798DC=<A=; 7TDEFV$5 1o8-D=52PQDg>R<
C=8:>REF8:;A}f2< $0 JDPR<9JD798 52U ; ;=5C=<9>R79PR8:i$<LJD79A=PvD8:;=8:798DJC=<pJDnSBx2A=PQDD;HGQ<9PR8:52P1 _B0 >R8:;=5A=<
PR<9x2PR<9>QDgV$52PA=;BD;A=<%D79A=PvDV0 7952EF5JDFC=<nJDSBx2A=PQDW1 _>R8:x2A=8:<9;HGQ<U0 J:J:<9xHD;=C=5BD>vGID<9JV=A=;HGQ5 0 <9;
A=< |V~0 V$<9PR5 |}1go8 D=52PQDg>R<7952;HGQ8:;uBUA DWDA=EF<9;HGID;=C=5 <9; >R<9;HGQ8:C=5j8:;H2<9PR>R5DJO52PR8:x28:;BDJW0
JDEhA=<9>vGQPQDFDC=A=8:<9PR<LA=;BDEDx2;=<%GQ8 TD798 52U ;g8:;H2<9PvGQ8:CBDVB0 VBD>QD;=C=5V$52P@<9JeV=A=;HGQ5 B0 <9;jA=< |VB0 V$<9PR5
&

&

&

&

&
&

z_

%

?8:x2A=PQD1ZY àA=PvDC=<K=8:>vG}<9U PR<9>R8:>@VBDPQDnA=;EDGQ<9PR8DJ$<9PRPR52EDx2;a<%U GQ8:795=1
}| 1 o8\D=52PQDj>R<gBD79<WDA=EF<9;HGIDP O0 <9;HGQ52;=79<9> RP <9x2PR<9>QDV$52PhJDjVBDPvGQ<g8:;}<9PR8:52PLC=<gJDj79A=PvD

1-o<652i=>R<9PvDLA=<JD79A=PvDLVBDPQD 97 PR<9798:<9;HGQ<6<9> C=8:v> GQ8:;HGIDLDLDA=<9J:JDVBDPQD C=<979PR<9798:<9;HGQ<1 NO>vGQ<
<9;@52U EF<9;=5F>R<KC=<9;=52EF8:;BDh=8:>vG}<9U PR<9>R8:>0=fgJDhSBx2A=PQDF1 _<9>6JDhJ:JDEDCBD

1
o<p52i=>R<9PvDA=<hJDF79A=PvDC=<p=8:>vG}<9U PR<9>R8:>uC=<9V$<9;=C=<hC=<9JEDGQ<9PR8DWJ 0BV$<9PR5gDC=<9E+DU >C=<9J~DJ:52P@E+D U }8:EF5
C=< DJ 79ABDJ>R<<9;=79A=<9;HGQPQDn>R52EF<%GQ8:C=5h<9JEDGQ<9PR8DJ 1 o8<9J$DJ:52PaC=< <9>\>RA}SB798:<9;HGQ<9EF<9;HGQ<K8:;HGQ<9;=>R5B0
JDh52PREDhC=<KJDh79A=PvD;=5F7TDEhi=8DnDJeDA=EF<9;HGIDP 0B7952EF5>R<K52i=>R<9PvD<9;JDpSBx2A=PQD1 _A=<L>R8:x2A=<1
c~D>@DV=J:8:7TD798 52U ;=<9>aE+DU >aPR<979A=<9;HGQ<9>6C=<J:52>wEDGQ<9PR8DJ:<9>-<9PRPR52EDx2;a<%U GQ8:7952>w>R52
; 0 VBDPQDnDA=EF<9;HGIDP\<9J
BA"R5<9;798:PR79A=83GQ52>LC=<7952PRPR8:<9;HGQ< EF5GQ52PR<9> 0x2<9;=<9PQDC=52PR<9> S0 !Y 7952EF5jA=<9;HGQ<9>hC=<7TDEFV$5jEDx2;a<%U GQ8:795
8:ED;=<9> f )M <9;DJ:ED79<9;BDEF8:<9;HGQ5uEDx2;a<%U GQ8:795KC=<68:;}52PRED798 52U ;1àABD;=C=5pA=;BDKEhA=<9>vGQPQDKC=<6EDGQ<9PR8DJ
<9PRPR52EDx2;a<%U GQ8:795g>R<nA}GQ8:J:8 TD7952EF58:E+DU 4; 0V=PR8:EF<9PR5>R<J:<hEDx2;=<%GQ8 TDBD>vGIDg>RA >QDGQA=PQD798 52U 4; 0 fJ:A=<9x25g>R<
<9J:8:EF8:;BDp<9Je7TDEFV$5 1-NOJe7TDEFV$5EDx2;a<%U GQ8:795nPR<9ED;=<9;HGQ< h>R<KJ:JDEDpPR<%GQ<9;HGQ838:CBDC1
lDPQD8:J:A=>vGQPQDPJD x2PQD; DPR8:<9CBDC C=<b7952EFV$52PvGIDEF8:<9;HGQ5 EDx2;a<%U GQ8:795 <9;HGQPR<bJ:52>gEDGQ<9PR8DJ:<9>F<9PRPR5 "
EDx2;a<%U GQ8:7952> 0EF52>vGQPQDEF52>OJD>O79A=PvD> C=<6=8:>vG}<9U PR<9>R8:> VBDPQDC=52> EDGQ<9PR8DJ:<9> C=8:>vGQ8:;HGQ52> 0<9JBSB<9PRPR5L7952EF<9PR798DJ
fgA=;jD79<9PR5DJ GQA=;=x2>vGQ<9;=B5 0<9;JDn?8:x2A=PQD1 _=1

&
-
6 685
&
>") &/!
JLK C<=>C JLK ; ; J A ;

M :8C<=GH=>CJLI K
NO>vGQA=C=8DPR<9EF52> JD8:;HGQ<9Pv)D wC=<\C=52>OEF<9C=8:52>EDGQ<9PR8DJ:<9>EDx2;a<%U GQ8:7952>T2;=52>O8:;HGQ<9PR<9>QD<9>vGIDi=J:<979<9POJD>7952;=C=8
798:52;=<9>6C=<Li$52PRC=<KA=<L>QDGQ8:>v)D79<9;jJ:52>w2<97%GQ52PR>C=<L7TDEFV$5BB0 DJe79PRA TDP6C=8:7IBD8:;HGQ<9Pv)D 1alDPQDFBD79<9P6<9>vGQ5B" 0
)
A}GQ8:J:8 TDEF52>aJD>\<979ABD798:52;=<9>@C=<K7TDEFV$5
&
|

)
130 r
130"!

zHk
? 8:x2A=PQDK1 MOàA=PvD>-C=<@=8:>vG}<9U PR<9>R8:>-C=<\A=;FEDGQ<9PR8DJW0VBDPQDuDPR8:52>DJ:52PR<9>OC=< 1 c~DJ U ;=<TDuV=A=;HGQ<TDCBD

EhA=<9>vGQPQDJDn>QDGQA=PQD798 52U ;WC=<KJDh79A=PvD 1
?8:x2A=PQD1 _ a` A=PvD>@C=<K=8:>vG}<9U PR<9>R8:>@VBDPQDn=8:<9PRPR57952EF<9PR798DJ fWD79<9PR5DJ GQA=;=x2>vGQ<9;=5=1
z2r

?8:x2A=PQD1Zk OPQDTf2<97%GQ52PR8D

%

7952;HGQ<9;=8:CBD<9;C=52>@EF<9C=8:52>\EDx2;a<%U GQ8:7952>wC=8:>vGQ8:;HGQ52>00KfY1

130 z

su<JDjV=PR8:EF<9PQDj<979ABD798 52U ;>R<g52i}GQ8:<9;=<U0O7952EF5jfHD>R<>QDi$<U0-JDj7952;HGQ8:;A=8:CBDCC=<JDj7952EFV$52;=<9;HGQ<C=<
V$<9PRV$<9;=C=8:79A=JDP6DFJDn8:;HGQPR<9Pv)D)UT<9>6C=<9798:P0 # <9>7952;HG U ;ABD}1wc~DF<979ABD798 52U ;VBDPQD ;=52>6CBDF8:;}52PRED798 52U ;
;A=<%D}1 NO;g<%<97%GQ5B0=A=>QDEF52>aJDL52PREDL8:;HGQ<9x2PQDJC=<JDLJ:<%fFC=<uEFV$<9PR< " PR<9798:<9;HGQ<9EF<9;HGQ<ux2<9;=<9PQDJ:&8 TDCBD " f
JDDV=J:8:7TDEF52>@DA=;798:PR79A=83GQ5F8:;}SB;=83GQ<9>R8:EDJ 0 <9;jGQ52PR;=5DFA=;V=A=;HGQ5 0<9JA=<h<9>vGDU 7952;HGQ<9;=8:C=5
<9;DEhi$52>\EF<9C=8:52>wEDGQ<9PR8DJ:<9>0}7952EF5>R<K52i=>R<9PvD<9;JDhSBx2A=PQD
J~DV=J:8:7TDPa<9JGQ<952PR<9EDn>R<L52i}GQ8:<9;=<
'

2

130

NO;b;A=<9>vGQPR57TD>R5 6 | >RA=V$52;=<9EF52>uA=<;=5gBDTf7952PRPR8:<9;HGQ<h>RA=V$<9PvSB798DJ
<9;bJD8:;HGQ<9Pv))D S0 f<9J
2<97%GQ52P
w <9>\GID;=x2<9;HGQ<pDnJDh8:;HGQ<9Pv)D)1-NOJePR<9>RA=J3GIDC=5F<9>
'
- |

|
1ZY|
NO>vGQ5>R8:x2;=83SB7TD A=U< 0u<9; DA=>R<9;=798DC=<b7952PRPR8:<9;HGQ<9>g>RA=V$<9PvSB798DJ:<9> 0JD>g7952EFV$52;=<9;HGQ< > C=<9Ju7TDEFV$5
GID;=x2<9;HGQ<9>hDJDg8:;HGQ<9Pv))D F>R52; 7952;HGQ8:;ABD>pDJ-DGQPQDT2<9>QDPpJDW>RA=V$<9PvSB798:<1Wà52EF57TD>R5j<9>RV$<9798DWJ 0~GQ<9;=<9EF52>
<9J C=<FC=52>LEF<9C=8:52>KJ:8:;=<TDJ:<9> 0~7952; V$<9PREF<TDi=8:J:8:CBDC f ' T <9; 79A}f257TD>R5 <9; 7TDCBDEF<9C=8:5=1
oA=V$52;=xHDEF52>aGIDEhi=8:<9;A=<JDp8:;HGQ<9Pv))D <9;HGQPR<J:52>aEF<9C=8:52>a<9>\V=JD;BVD 0f79528:;=798:C=<7952;W<9J V=JD;=5
$1Oc~D>
PR<9JD798:52;=<9>\<9;HGQPR<LJ:52>\7TDEFV$52>\>R52;<9;HGQ52;=79<9>
' 7952EFV$52;=<9;HGQ<9>\GID;=x2<9;=798DJ:<9>
'
'

97 52EFV$52;=<9;HGQ<K;=52PREDJ
oA=V$52;=xHDEF52> " VBDPQDnSQDP\8:C=<TD> " A=< |V0B<9;HGQ52;=79<9>
'
'
' ' 7
1ZY0
1ZY2Y!
zH

<9;HGQ52;=79<9>

'

7

' '
' '

<9>K<9JDU ;=x2A=J:5gA=<52PRED 7952;b9< JOV=JD;=5g=52PR8 952;HGIDJ 1hsu<n<9>vGIDWED;=<9PQDV0e<9JDU ;=x2A=J:5gA=<
9< ; A=<
52PRED ' 7952;<9JeV=JD;=5=52PR8 952;HGIDJ<9>
&
&
'
6 6

'
J :<; KRJ C ; A ;>=@? J = JLK K I =>:<; J ; DF;>A A J

à52;=>R8:C=<9PQDEF52>FA=;>R52J:<9;=528:C=<WPR<97%GQ5Ba0 C=<
XA=<9J3GID>FV$52PnA=;=8:CBDCC=<J:52;=x283GQA=C40 V$52Pn<9J@A=<
798:PR79A=JDnA=;BDn7952PRPR8:<9;HGQ<1-JeDV=J:8:7TDPwJDhJ:<%fg798:PR79A=83GIDJ C=<KEFV$<9PR<U0

7

>R<L52i}GQ8:<9;=<

o 8:;<9EhiBDPRx25B0<9J$7TDEFV$5 20<9J$79ABDJ$V=A=<9C=R<9PaEhA=7I=5hEDTf252P A=<u<9J7TDEFV$5p<9;D72 U 5B0

>R8~<9Je;u=UA 79J:<95hGQ8:<9;=< 0BJ:5n79ABDJe579A=PRPR<K7952;J:52>\;u=UA 79J:<952>\C=<SB<9PRPR5 f5GQPR52>@EDGQ<9PR8DJ:<9> 1
o8<9Je;u=UA 79J:<95nC=<9Je>R52J:<9;=528:C=<u<9>@C=<KA=;EDGQ<9PR8DJ<9PRPR52EDx2;a<%U GQ8:795B0}<9;A=;W<9>vGIDC=5FEDx2;=<%GQ8 TDC=5B0}7952;
EDx2;=<%GQ8 TD798 52U ; 0;=5V$5C=PR<9EF52>KA=>QDPpJDWPR<9JD798 52U ; 0<9;HGQ52;=79<9>h>R<C=<9i$<A=>QDPpJDWPR<9JD798 52U ;
ED>@x2<9;=<9PQDWJ 0=A=<KCBD<9;<9>vGQ<K7TD>R5
-
&
&
6 6 9 K A J 8: :<G "J ? J A J C G :

a` 52;=>R8:C=<9PR<9EF52> D=52PQDA=;h<9;=PR52J:JDC=5\GQ52PR528:CBDJW0"7952;hA=;h7952PvGQ<a<9;n<9JEDGQ<9PR8DJ 1o<TD

B<9JJDPRx256C=<9JGQ52PR528:C=<U0
fW<9J <9>RV$<9>R52PC=<9J 7952PvGQ<1 9 A=<9PR<9EF52>uC=<%GQ<9PREF8:;BDP<9J 7TDEFV$5EDx2;a<%U GQ8:795GID;HGQ5gC=<9;HGQPR5WC=<9J EDGQ<9PR8DJ
<9PRPR52EDx2;a<%U GQ8:795B0}7952EF5nA=<9PQDC=<<9U J 1
lDPQDg7TDJ:79A=JDPu<9>vGQB5 0~J:JDEDEF52> DJ 7TDEFV$5WC=<9;HGQPR5WC=<9JOEDGQ<9PR8DWJ 0$f ' DJ 7TDEFV$5W<9;b<9JO7952PvGQ<
<9;HGQPR<9=8:<9PRPR5 1-<9;=<9EF52>@<9;HGQ52;=79<9> 0$C=<9;HGQPR5FC=<9JeEDGQ<9PR8DJ
& 7
EF8:<9;HGQPQD>\A=U< 0<9;<9Je<9;HGQPR<9=8:<9PRPRB5 0
' '
DEhi=8:<9;WA=>QDEF52>@JDhPR<9JD798 52U ; J:<%fg798:PR79A=83GIDJ C=<KEFV$<9PR< S0

à52;<9>vGQ5F52i}GQ<9;=<9EF52>@JD>\<979ABD798:52;=<9>
'
1ZYM
)

'
1ZY_
z2z

%

?8:x2A=PQD1 r-6;<9;=PR52J:JDC=5pGQ52PR528:CBDJW07952;A=;<9;HGQPR<9=8:<9PRPR5FC=<LD;=7I=5 B 1
à8:PR79A=83GQ5NOJ%7%U GQPR8:795
a` 8:PR79A=83GQ5FjDx2;a<%U GQ8:795
A=<9P TD<9J:<97%GQPR52EF5GQPR8
A=<9P TDEDx2;=<%GQ5 " EF5GQPR8

e
w
g8:;HGQ<9;=>R8:CBDCWC=<K7952PRPR8:<9;HGQ<K<9J%<9U 7%GQPR8:7TD BA"R5EDx2;a<%U GQ8:795
n

<979ABD798 52U ;WC=<K;=5C=52>
n ) '
& '
PR<9>R8:>vGQ<9;=798Dn<9J%<9U 7%GQPR8:7TD
PR<9:J A=7%GID;=798D

J:<%fC=<K798:PR79A=83GQ52>

&

&
@<9>R52J38:<9;=C=5F<9>vGID>@<979ABD798:52;=<9>6>R<K52i}GQ8:<9;=<JD>\>R52J:A=798:52;=<9>

1ZY2k!

' 0
1ZYr
0 0

1ZY2!

'

NO>vGQ5<9>bA=; 3 798:PR79A=83GQ5 EDx2;a<%U GQ8:795 3 0LA=<>R8:x2A=<A=;BDD;BDJ:52xB U DEhA}f 9< >vGQPR<97IBD7952; =A ; 798:PR79A=83GQ5
<9J%<9U 7%GQPR8:795=1

X

à52EF5=<9EF52>nC=8:>R79A}GQ8:C=5B0-JD>h7952PRPR8:<9;HGQ<9>n<9J:<97%GQPR8:7TD>nV=PR5C=A=79<9;<%<97%GQ52>EDx2;a<%U GQ8:7952>91 6;BD7952PRPR8:<9;HGQ<

<9J%<9U 7%GQPR8:7TD V=PR5C=A=79<A=;W7TDEFV$5hEDx2;=<%GQ8:795 1-6;BDhV=PR<9x2A=;HGIDnA=<>RA=PRx2<<9;g52PREDL;BDGQA=PQDJ <9>
>R8<9>\V$52>R8:i=J:<uA=<KDJ:xw=UA ;F<9;=52EF<9;=5nEDx2;a<%U GQ8:795hV=PR5C=A 97TDhGIDEhi=8:<9;A=;g<9;@52U EF<9;=5n<9J%<9U 7%GQPR8:795=1O?DPQDCBDTf
0 z2M}0 C=<9>R79A=i=PR8 5LU A=<J:52>O<%<97%GQ52> i=A=>R7TDC=52>wDVBDPR<979<9;7952EF5K7952;=>R<979A=<9;=798DpC=<6JDuDPR8D798 52U ;hGQ<9EFV$52PQDJ
C=<LJ:52>w7TDEFV$52>\EDx2;a<%U GQ8:7952>91
;HGQ<9>6C=<KC=8:>R79A}GQ8:P\J:52>wPR<9>RA=J3GIDC=52>@C=<L?DPQDCBDTf 0=C=<%SB;BDEF52>@<9Je7952;=79<9V}GQ5C=< BA"R5EDx2;a<%U GQ8:795=1
-

<9>-<9J BA"R5KEDx2;a<%U GQ8:795A=<6DGQPQDT8:<9>QDA=;BD>RA=V$<9PvSB798:< w1 NOJ BA"R5KEDx2;=<%GQ8:795GQ8:<9;=<wDPR8D>OV=PR52V=8:<9CBDC=<9>

8:;HGQ<9PR<9>QD;HGQ<9>0
NOJ BA"R5DhGQPQDT2<9>6C=<KA=;BD>RA=V$<9PvSB798:<K79<9PRPQDCBD79ABDJ:A=8:<9PQDn<9>@>R8:<9EFV=PR<79<9PR5B0BfHDA=<

2 , K | 7

<9;A=< <9>@<9J252J:A=EF<9;<9;=79<9PRPQDC=5FV$52P\JDh>RA=V$<9PvSB798:<w1
su<9i=8:C=5pDLJ:5LD;HGQ<9PR8:52P0<9J BA"R5hDKGQPQDT-<9U >aC=<6A=;BDL>RA=V$<9PvSB798:< Di=8:<9PvGIDK;=5pC=<9V$<9;=C=<C=<6>RA52PREDV0
>R8:;=5>B52U J:5C=<KJDh79A=PvDA=<LJ:5nJ:8:EF83GID}1
NOJe=<97I=5D;HGQ<9PR8:52P\V=A=<9C=<LBD79<9PR>R<L< }V=J U 7983GQB5 0};=5GID;=C=5A=<
!

7
C=52;=C=< <9>aJDK79A=PvDLA=<uJ:8:EF83GIDJDK>RA=V$<9PvSB798:< 0 w1-l52P J:5KGID;HGQ5B0V$5C=<9EF52>-BDi=JDP C=<9J
3 BA"R5F<9;=JD TDC=5V$52P\A=;798:PR79A=83GQ5 3
6;=8:CBDC=<9> `wDEFV$5EDx2;=<%GQ8:795 T
6'w .
02J:579ABDJ}8:EFV=J:8:7TD\A=<w<9J BA"R5uEDx2;=<%GQ8:795
>R<LEF8:C=<u<9; T1
z2

)
2|

Nucleo (Fe)
A
Primario
Secundario
?8:x2A=PQDnz}130!O< }V$<9PR8:EF<9;HGQ5FC=<L?DPQDCBDTf

)+"-,.+' #(5H(*' (!
NO;+<9J6< }V$<9PR8:EF<9;HGQ5 C=<?DPQDCBDTf \0 DJ@79<9PRPQDP<9J@8:;HGQ<9PRPRA=V}GQ52PF<9;+<9J6798:PR79A=83GQ5 3 V=PR8:EDPR8:5 3 0->R<jV=PR5C=A=79<
A=;BD7952PRPR8:<9;HGQ<<9; <9J->R<979A=;=CBDPR8:5=1J-7TDi$5C=<FA=;bGQ8:<9EFV$5B~0 JDg7952PRPR8:<9;HGQ<79<9>QD}1Wo8-<9;HGQ52;=79<9>p>R<Di=PR<
<9Ja8:;HGQ<9PRPRA=V}GQ52P0A=<9J32<gDDVBDPR<979<9Pp7952PRPR8:<9;HGQ<<9; <9J >R<979A=;=CBDPR8:5B 0 JD79ABDJ ;A=<%DEF<9;HGQ<79<9>QDDJ-7TDi$5

=C <nA=;GQ8:<9EFV$5i=PR<%2<1hNO>8:EFV$52PvGID;HGQ<pPR<97TDJ:7TDPuA=<nJ:52>798:PR79A=83GQ52>uV=PR8:EDPR8:5f>R<979A=;=CBDPR8:5g>R<nBDJ:JD;
SB>R8:7TDEF<9;HGQ<K>R<9VBDPQDC=52>&;=5BDTfg7952;HGID7%GQ5F<9J:<97%GQPR8:795<9;HGQPR<L<9J:J:52> 1
ce52> PR<9>RA=J3GIDC=52>C=<9J}< }V$<9PR8:EF<9;HGQ5C=<\?DPQDCBDTf fpEhA=7I=52>O5GQPR52> ~>R<\V=A=<9C=<9;<9;HGQ<9;=C=<9PO<9;hG}<9U PREF8:;=52>
C=<LA=;BDn;A=<%DFJ:<%f< }V$<9PR8:EF<9;HGIDWJ 0=A=<K>R<L7952;=579<K7952EF5nJDnJ:<%fC=<L?DPQDCBDTf " ce<9;
c~DuDPR8D798 52U ;pGQ<9EFV$52PQDJ}C=<9J BA"R5KEDx2;a<%U GQ8:795u<9;=JD TDC=5KV$52POA=;798:PR79A=83GQB5 028:;=C=A=79<\<9;<9U >vGQ<@A=;BD 3 <9E 3

)
a
!
)z}130
ec <%fC=<jce<9; bNOJ@>R<9;HGQ8:C=5 C=<JD 3 <9E 3 8:;=C=A=798:CBDb<9>FGIDJ@A=<j>R8:<9EFV=PR<WGQ8:<9;=C=<jD 52V$52;=<9PR>R<jD JD

DPR8D798:52;gC=<9J BA"R5FEDx2;=<%GQ8:795 J:5n79ABDJe< }V=J:8:7TDn<9Je>R8:x2;=5 " 1
c~DDPR8D798 52U ;gGQ<9EFV$52PQDJ~C=<9J BA"R5EDx2;a<%U GQ8:795F<9;=JD TDC=5V$52P6A=;798:PR79A=83GQ5FV=A=<9C=<hC=<9i$<9PR>R<nDDPR8D>
7TDA=>QD> 0<9;HGQPR<LJD>\79ABDJ:<9>\>R<LV=A=<9C=<KEF<9;=798:52;BDP
8 ( DPR8D798:52;GQ<9EFV$52PQDJ C=< 0 7
1
8:8 NOJe798:PR79A=83GQ5>R<KEhA=<%2<1
8:8:8 NOJe798:PR79A=83GQ5>R<KC=<%52PRED}1
l52P>RA=V=A=<9>vGQB5 0 A=;BDF7952Ehi=8:;BD798 52U ;C=<pJD>@7TDA=>QD>uD;HGQ<9PR8:52PR<9>6GIDEhi=8:<9;V=PR5C=A=798:PBDnU DPR8D798 52U ;WC=<9J BA"R5=1
ui=>R<9Pv2<9EF52> GIDEhi=8:<9;LA=<wJDce<%fLC=<\?DPQDCBDTfK<9> A=;BD6J:<%fL< }V$<9PR8:EF<9;HGIDWJ 0A=<w;=5uV=A=<9C=<wC=<9C=A=798:PR>RU< 0 " <9;
>RA52PREDhx2<9;=<9PQDWJ 0=C=<K;=8:;=xw=UA ;g5GQPR5=<97I=5V=PR<%8DEF<9;HGQ<7952;=5798:C=5=1
@<97952PRC=<9EF52>aD=52PQDKA=<JD 3 <9E 3 C=<A=;798:PR79A=83GQ%5 >R<C=<%SB;=<7952EFB5 0<9;A=<<9>vGQ<7TDEFV$5L<9J%<9U 7%GQPR8:795
;=5<9>6A=;7TDEFV$5n<9J:<97%GQPR52>vGDU GQ8:795=1
a

NOJ BA"R5FEDx2;=<%GQ8:795n<9> 0
O
7
V$52P@J:5hGID;HGQ5B0

e
!

)
"

} 0
oA=V$52;=xHDEF52>OA=<6<9JB798:PR79A=83GQ5;=5L>R<@EhA=<%2<6;=8B>R<6C=<%52PREDV0H<9;HGQ52;=79<9> JDuDPR8D798 52U ;nC=<9J BA"R5 >B52U J:5
V=A=<9C=<LC=<9i$<9PR>R<pDJDpDPR8D798 52U ;GQ<9EFV$52PQDJ C=< 0B<9>@C=<9798:P 7
0BJ:A=<9x25

e

6>QD;=C=5<9J GQ<952PR<9EDnC=<poGQ5!<9>0

|

à52EF5 <9>@A=;BD>RA=V$<9PvSB798:<K79ABDJ:A=8:<9PQVD 0=>R<GQ8:<9;=<KJDhJ:<%fgC=<L?DPQDCBDTf<9;W52PREDhC=83<9PR<9;=798DWJ 0

7
A=<h7952;=>vGQ83GQA}f2<pJDx2<9;=<9PQDJ:8 TD798 52U ;WC=<pJDPR<9JD798 52U ; | <9J:<97%GQPR52>vGDU GQ8:7TD 1 D>vGIDD=52PQVD 0$7952;=5 "
79<9EF52>@JD>\>R8:x2A=8:<9;HGQ<9>@<979ABD798:52;=<9>@VBDPQDn<9Je<9J:<97%GQPR52EDx2;=<%GQ8:>REF5 <9;<9JD72 U 5

| 7
DC=<9ED> 0=GQ<9;=<9EF52>@JDh<979ABD798 52U ;C=<K7952;HGQ8:;A=8:CBDC
|

jD a<9J:J=>R<\C=8 5uU 79A=<9;HGIDA=U< 0H<9;n<9J=7TD>R5C=<wPHPRU x28:EF<9;p;=5V$<9PRED;=<9;HGQU< 02JDJ:<%fpC=<wEFV$<9PR<afpJD<979ABD798 52U ;
C=<7952;HGQ8:;A=8:CBDCg>R52;g7952;HGQPQDC=8:7%GQ52PR8D>91ONO>R5>R8:x2;=83SB7TDpA=<>R<C=<9i$<EF5C=83SB7TDPaJDpJ:<%fC=<uEFV$<9PRU< 0=V=A=<9>
J:<%f C=<g7952;=>R<9PvD798 52U ;C=<g7TDPRxHD<9>n7952;=>R8:C=<9PQDCBD7952EF5EF<]R52Ph<9>vGIDi=J:<9798:CBD}1 lDPQDV=PR<9>R<9PvDPnJ:5E+DU >
V$52>R8:i=J:<JDp52PREDhC=<KJDnJ:<%fC=<KEFV$<9PRU< 0$jD a<9J:JeV=PR52V=A=>R5FA=;BDEF5C=83SB7TD798 52U ;C=<LJDp52PRED

7
C=52;=C=< C=<9i$<K>QDGQ8:>v)D79<9P@JDh7952;=C=8:798:52;

O | 7

J:A=<9x2B5 0=V$52P\JDn<979ABD798:52;WC=<K7952;HGQ8:;A=8:CBD4C 0

|

NO;HGQ52;=79<9>

NO>vGIDF<979ABD798 52U ;;=5C=<%SB;=<L7952EFV=J:<%GIDEF<9;HGQ<KD 1ao<K<9;=79A=<9;HGQPQDFA=<LJDn<9J:<979798 52U ;WE+DU >\>R8:EFV=J:<uV$52>R8:i=J:<
<9>

7
>QDGQ8:>v)D79<OGQ5CBD>eJD>7952;=C=8:798:52;=<9>eEDGQ<9E+DU GQ8:7TD> fu<9>vGD@U C=< D79A=<9PRC=567952;GQ5CBD\JDw<%8:C=<9;=798D\< }V$<9PR8:EF<9;HGIDJ
D79A=EhA=JDCBVD T2V$52PJ:5@GID;HGQ5uJD@x2<9;=<9PQDJ:8 TD798:52;LC=<aJD@J:<%fLC=<aEFV$<9PR<aDJ7TD>R5uC=<aPR<9x28:EF<9;L;=5uV$<9PRED;=<9;HGQ<
<9>

NO>vGIDW<979ABD798 52U ;8:;=79J:A}f2<DJD<979ABD798 52U ;bC=<n7952;HGQ8:;A=8:CBDC1pc~ D7TD;HGQ8:CBDC GQ8:<9;=<nJD>uC=8:EF<9;=>R8:52;=<9>uC=<
A=;BD7952PRPR8:<9;HGQ<K<9J:<$7%U GQPR8:7TD " C=<9;=>R8:CBDC " fg>R<KJ:<J:JDED 3 7952PRPR8:<9;HGQ<C=<KC=<9>RV=JD TDEF8:<9;HGQ5 3 C=<pjD a<9J:J 1

%

&

&
)

HY

?8:x2A=PQDnz}1ZY @8:<9J:<9>w7952;=C=A=7%GQ52PR<9>0$A=;=8:C=52>\V$52P\A=;BDiBDPRPQDV0=7952J:57TDC=52>\<9;A=;7TDEFV$5nEDx2;a<%U GQ8:795

6 685

>") &/!
K ?BA ; K ; : ;>I =@?BA2C<= J
à52;=>R8:C=<9PR<9EF52>C=52>PR8:<9J:<9>67952;=C=A=7%GQ52PR<9>0 C=<pPR<9>R8:>vGQ<9;=798DFC=<9>RV=PR<9798Di=J:<U0 7952;=<97%GIDC=52><9;HGQPR<9>u>T U V$52P6A=;BD
iBDPRPQD a<9JGQPR<9;7952;=C=A=7%GQ52PQDVe0 f>R<9VBDPQDC=52>KV$52PA=;BDgC=8:>vGID;=798D
61hNO; <9J 5GQPR5g< GQPR<9EF5B0~>R<n7952J:57TD
A=; 8:;HGQ<9PRPRA=V}GQ52PKf A=;BDiBDGQ<9PT U DV0 7TDPQD7%GQ<9PR8 TDCBDV$52PLA=;BDW 1 <1 E1 1g5C=5j<9J >R8:>vGQ<9ED>R<<9;=79A=<9;HGQPQD
8:;=EF<9PR>R5p<9;A=;BD 952;BDL<9;A=<u<9J$7TDEFV$5LEDx2;a<%U GQ8:795L<9>wA=;=8352PREF<U0 0 V$<9PRV$<9;=C=8:79A=JDPaDJV=JD;=5pC=<J:52>

&
$
PR8:<9J:<9>91

y
x
V0
l
I
NO;W<9>vGQ<KV=PR52i=J:<9EVD 0>R<K7952;=<97%GIDn<9J8:;HGQ<9PRPRA=V}GQ52P\<9;
-V| 0=7952EF<9; TD;=C=5FD BA=8:PwJDh7952PRPR8:<9;HGQU< 0=7952EF5
7952;=>R<979A=<9;=798DV0B<9J$7TDEFV$5pEDx2;a<%U GQ8:795p<]R<9PR79<uA=;BDLA=<9P TDp>R52i=PR<u<9J$798:PR79A=83GQ5B0JDLA=<uBD79<A=R<uEhA=<%D
JDuiBDPRPQD}1+>RAn2< U0<9J=EF5 8:EF8:<9;HGQ5C=<\JDuiBDPRPQDuBD79<@DVBDPR<979<9POA=;BD 1 <1 E1 0HA=<\EF5C=83SB7TDJD7952PRPR8:<9;HGQ<
798:PR79A=JD;HGQ<1
à52;gJD>a79552PRC=<9;BDCBD>wC=<%SB;=8:CBD>w<9;gJDKSBx2A=PQVD 0}JDKA=<9P TDh>R52i=PR<JDLiBDPRPQD <9>\JDLA=<8:;HGQ<9PR<9>QVD 0}V=A=<9>
<9>6<9Je<9J:<9EF<9;HGQ5A=<K<9>vGDFU J:8:i=PR<uC=<KEF5 2<9PR>R< \<9>
&
w
( O
7
V=A=<9>g<9J7TDEFV$5 EDx2;a<%U GQ8:795 <9> ($ 1 NO>vGQ58:;=C=8:7TD A=<JDbA=<9P TD <9>WDGQPQD7%GQ83D >R8JD 7952PRPR8 "
<9;HGQ<798:PR79A=JD<9;<9J >R<9;HGQ8:C=5gC=<nJ:52>V=A=;HGQ<9PR52>KC=<9JPR<9J:5"91LNO;HGQ52;=79<9> 0~JD<979ABD798 52U ;VBDPQD<9JEF5 8:EF8:<9;HGQ5
J:52;=x283GQA=C=8:;BDJ$C=<KJDniBDPRPQDn<9>

!
l 52PO5GQPR5JDC=5B0JDu7952PRPR8:<9;HGQ<w<9>vGDU PR<9x28:CBDuV$52P JD<979ABD798 52U ;nC=< 8:PR7I=5 02A=<@<9>vGIDi=J:<979<\A=<

<9;jA=<

% # %
!

à52EF5<9J BA"R5F<9>
2 0=JDh 1 <1 E1O8:;=C=A=798:CBDh<9> a
0=fgJDh<979ABD798 52U ;C=<9Je798:PR79A=83GQ5n<9>

'
)(
2M

lDPQDnPR<9>R52J32<9PwJD>w<979ABD798:52;=<9>\C=<9i$<9EF52>w<9>RV$<97983SB7TDP\JD>a7952;=C=8:798:52;=<9>w8:;=8:798DJ:<9> DC=<979ABDCBD>91 l52P\<]R<9E

V=J:5B0-7952;=>R8:C=<9PR<9EF52>n<9Jw7TD>R5 <9;A=<W<9J\8:;HGQ<9PRPRA=V}GQ52Ph>R<W798:<9PRPQD<9;
F |V0-7952;JDjiBDPRPQDEF5 8%<9U ;=C=52>R< "
BD798DWJDWC=<9PR<97IBVD 07952; 2<9J:5798:CBDC 8:;=8:798DJ 0DWA=;BDC=8:>vGID;=798D
hDJDgC=<9PR<97IBDjC=<FJDgiBDGQ<9PT U D}1c~D>
7952;=C=8:798:52;=<9>8:;=8:798DJ:<9>\>R52; VBDPQD(
w | S0 )| w |Ff )| w |}16c~D><979ABD798:52;=<9>u>R<pV=A=<9C=<9;PR<9>R52J32<9P
< }V=PR<9>QD;=C=5 <9;WA=;=798 52U ;WC=<2 0DnVBDPvGQ8:PwC=<KJDn<979ABD798 52U ;WC=<L798:PR79A=83GQB5 0
n

fgPR<9<9EFV=JD TD;=C=5<9;
!
O

!
S0=>R<K52i}GQ8:<9;=<

'

|

!

lDPQD< }V=PR<9>QDPuJDF>R52J:A=798 52U 4; 0$7952;H8:<9;=<hC=<%SB;=8:P<9JVBDPBDU EF<%GQPR5

'0$A=<pGQ8:<9;=<pJD>C=8:EF<9; "
>R8:52;=<9>@C=<KA=;WGQ8:<9EFV$B5 0}V=A=<9>6JDh<979ABD798 52U ;>R<K< }V=PR<9>QDF7952EF5
|7

!
79A}fHD>R52J:A=798 52U ;<9>KEhA}f7952;=5798:CBVD 0f>R<< }V=PR<9>QD<9;bA=;=798 52U ;C=<A=;BDg7952;=>vGID;HGQ<FC=<n8:;HGQ<9x2PQD798 52U ; Kf

C=<9J~VBDPBDU EF<%GQPR5 PR<9798%<9U ;C=<%SB;=8:C=B5 0

-
à52;<9>vGQB5 0JDp2<9J:5798:CBDCWC=<9JGQPR<9;<9>

-

7
C=52;=C=<
)| O

o<L7952;=79J:A}f2<KA=<LJDh7952PRPR8:<9;HGQ<K<9;
-|C=<9i$<K>R<9P
w

)

6 6
J ? J A ; K ;>A G "J A
à52;=>R8:C=<9PR<9EF52>A=;BD52PREDFEhA}f>R8:EFV=J:<LC=<nx2<9;=<9PQDC=52Pu<9J%<9U 7%GQPR8:795B0 A=<n7952;=>R8:>vGQ<n<9;A=;BD<9>RV=8:PQDC=<
A=<9J3GID> fFPQDC=8:5 }0 A=<<9>vGDLU 7952;=<97%GIDCBDhDLA=;798:PR79A=83GQ5L7952EF5L<9JC=<9J$JDSBx2A=PQDV07952;7952;HGID7%GQ52>aE+5U 8:J:<9>0
A=<jV$<9PREF83GQ<9;A=<j<9J:JDx28:PR<gJ:8:i=PR<9EF<9;HGQ<1+NOJ@>R8:>vGQ<9EDb<9>vGD U 7952J:57TDC=5b<9;^V=PR<9>R<9;=798D C=<A=;^7TDEFV$5
EDx2;a<%U GQ8:795A=;=8352PREF< =0 fg>R<KBD79<Kx28:PQDPwJDn<9>RV=8:PQDn7952;W2<9J:5798:CBDCD;=x2A=JDPw7952;=>vGID;HGQ<61
NOJ->R8:>vGQ<9EDgA=;=798:52;BDW7952EF5A=; x2<9;=<9PQDC=52PKC=<<9;=<9PRxB U DW<9J%<9U 7%GQPR8:7TDV~0 V=A=<9>p<9J#BA"R5<9;=JD TDC=5jV$52PK<9J
798:PR79A=83GQ5nC=<9V$<9;=C=<KC=<JDh52PR8:<9;HGID798 52U ;C=<<9U >vGQ<7952;WPR<9>RV$<97%GQ5DJ7TDEFV$5nEDx2;a<%U GQ8:795B0 f>R<K< }V=PR<9>QD<9;WJD
52PRED
! 7
<9; A=< &'K<9>K<9JDU PR<TDgC=<nJD<9>RV=8:PQDV0 f
6<9>K<9JDU ;=x2A=J:5gA=<h52PRED<9J 7TDEFV$5gEDx2;a<%U GQ8:795
7952; JDC=8:PR<979798:5-52U ;bV$<9PRV$<9;=C=8:79A=JDPLDgJDg<9>RV=8:PQD}1Fsu<<9>vGIDWED;=<9PQDV~0 <9J BA"R5<9;=JD TDC=5V$52P<9JO798:PR79A=83GQ5
DPT U DV=0 8:;=C=A=798:<9;=C=5A=;BDn 1 <1 E1 0

/

a
!
)

)
_

?8:x2A=PQDhz}1 M 6;Wx2<9;=<9PQDC=52P@C=<K7952PRPR8:<9;HGQ<LDJ3GQ<9PR;BD

B
l52P@J:5nGID;HGQ5B0=JDn7952PRPR8:<9;HGQ<8:;=C=A=798:CBDn<9;<9Je798:PR79A=83GQ5n<9>

- /
7
<9;jA=<K=<9EF52>@A=>QDC=5FJDh7952;=>vGID;HGQ< w 0=VBDPQDDi=PR<%8DP\JD>\< }V=PR<9>R8:52;=<9>91
l5C=<9EF52><%DJ:ABDP6JDFV$5GQ<9;=798DFC=8:>R8:VBDCBDF<9;<9J798:PR79A=83GQB5 0BGID;HGQ58:;=>vGID;HGDU ;=<TD7952EF5<9;V=PR52EF<9C=8:5=1
c~DV$5GQ<9;=798Dn8:;=>vGID;HGDU ;=<TDn<9>

O ' ' / '

su<%SB;=8:EF52>\JDhV$5GQ<9;=798DnV=PR52EF<9C=8:5 >R52i=PR<KA=;798:79J:55V$<9PT U 5C=B5 0 Y (
7952EF5
0

2!
O '
2YK '
2Y

N 8:C=<9;HGQ<9EF<9;HGQ<U0 <9>vGQ5;=52>6C=8:79<LA=<U0$VBDPQDBD79<9PA=<LJD<9>RV=8:PQDx28:PR<K7952;jJDn2<9J:5798:CBDCjD;=x2A=JDP 0B>R<

C=<9i$<\PR<TDJ:8 TDP798:<9PvGQ5GQPQDiBD R5<9;7952;HGQPQDuC=<9J=7TDEFV$5uEDx<%U GQ8:7958:;=C=A=798:C=5B02A=<\>R<\PR<B<]QDu<9;JDV$5GQ<9;=798D
A=<6=<9EF52>O7TDJ:79A=JDC=5=1 l5C=<9EF52>O<9>R79PR8:i=8:POJDu<979ABD798 52U ;FVBDPQD<9JBEF5 8:EF8:<9;HGQ5uC=<@PR5GID798 52U ;nC=<@JDu<9>RV=8:PQDV0
<9;jJDp52PRED

7
&
!
!
<9;gA=<K<9>w<9J EF52EF<9;HGQA=E D;=x2A=JDP <9;GQ52PR;=5nDJ$<]R<uC=<uPR5GID798 52U ;40Hf <9>w<9J$GQ52PRA=<DpJ:5pJDPRx25pC=<u<9>QD

C=8:PR<979798 52U ;1ONOJGQ52PRA=<>R<52V$52;=<uDJEF5 8:EF8:<9;HGQ5B02fF>R<V=A=<9C=<u7TDJ:79A=JDP-7952;F)D798:J:8:CBDC40H7952;<9JPR<9>RA=J3GIDC=5
/ ! S0<9;A=<
<9>@<9JeEF52EF<9;HGQ5C=8:V$52JDPaEDx2;a<%U GQ8:795nC=<KJDn<9>RV=8:PQD}1
$ ,. &'&$&"! >&'&$&"! ) $ ,H$ (

c~D8:C=<TD<9>-A=<@A=;F798:PR79A=83GQ58:;HGQ<9PQD7%GBUA Du7952;>T U EF8:>REF5fn7952;F>RA=>O2<9798:;=52>0 7952EF5K7952;=>R<979A=<9;=798DLC=8:PR<97%GID
C=<JDKJ:<%fnC=<u?DPQDCBDTf " ce<9; 1Oce52> 795<%SB798:<9;HGQ<9>aC=<uDA}GQ528:;=C=A=79798U; <68:;=C=A=79798 52U ;FEhA}GQABDL>R52;A=;BDLEF<9C=8:CBD
C=<L<9>vGID8:;HGQ<9PQD798 52U ;g5 3 D7952V=JDEF8:<9;HGQ5 3 8:;=C=A=7%GQ8325=1
lDPQDC=<%SB;=8:PWJ:52>g795<%SB798:<9;HGQ<9>0 7952;=>R8:C=<9PR<9EF52>C=52>W798:PR79A=83GQ52> f ' u0 V$52PWJ:52>g79ABDJ:<9>W798:PR79A=JD;
7952PRPR8:<9;HGQ<9> ' =0 PR<9>RV$<97%GQ83DEF<9;HGQ< " 2<9P@C=8:i=A"R5 "

"
"-,."! '

%

Hk

?8:x2A=PQDnz}1 _ a` 5<%SB798:<9;HGQ<9>6C=<LDA}GQ528:;=C=A=79798 52U ;g<K8:;=C=A=79798 52U ;WEhA}GQABD}1
I2
I1
NOJ B A"R5EDx2;a<%U GQ8:795hGQ5GIDJ<9;=JD TDC=5V$52P@<9J798:PR79A=83GQ5 <9>

7
DA=W8 0 <9>@A=;BD>RA=V$<9PvSB798:<KA=<KGQ8:<9;=<i$52PRC=< 1ao8:EF8:JDPREF<9;HGQ<U0

'
' 7
<9>K<9J BA"R5W<9;=JD TDC=5WV$52Pu<9J 798:PR79A=83GQ5 ' 1nNOJ 7TDEFV$5gEDx2;=<%GQ8:795 <9>KV=PR5C=A=798:C=5gV$52P f ' 0e<9>
C=<9798:P
! - ' 7
V$52P@<9>vGQB5 0BV$5C=<9EF52>\<9>R79PR8:i=8:P
( '
'
'.( ' '
C=52;=C=< % <9><9J BA"R5 " EDx2;=<%GQ8:795 " <9;=JD TDC=5V$52Pn<9J\798:PR79A=83GQ5 - 0 C=<9i=8:C=5 DJw7TDEFV$5EDx2;=<%GQ8:795C=<9J
798:PR79A=83GQ5 B1

%

! + %
465GQ<9EF52> 0 DC=<9ED> 0 A=
< ! " <9J7TDEFV$5EDx2;=<%GQ8:795FV=PR5C=A=798:C=5V$52P6<9J798:PR79A=83GQ5 " <9>uV=PR52V$52P "
798:52;BDJeDJDh7952PRPR8:<9;HGQ< >R8:EF8:JDPREF<9;HGQ<6VBDPQD ' S0BJ:A=<9x25
%
%
& ' ' T
'
'. & ' ' '
J:52>n795<%SB<9;HGQ<9> % % >R<J:JDED; 795<%SB798:<9;HGQ<9>C=< 3 DA}GQ528:;=C=A=79798:52; 3 fJ:52> % 7952
; - h>R<WJ:JDED;
795<%SB<9;HGQ<9>C=<K8:;=C=A=79798:52;WEhA}GQABD}1
6;=8:CBDCBD<9> 2 3 <9i$<9P EFV$<9PR<L 6<9;=Pvf
)
)
)
6 685
PJA
:<G ; ; G K"K

NO>6A=;BDn< }V=PR<9>R8:52;jVBDPQDnJDh8:;=C=A=7%GID;=798DnEhA}GQABDnC=<KC=52>@798:PR79A=83GQ52>91 o<KVBDPvGQ<KC=<KJDhC=<%SB;=8:798:52;

'
' 7

2 r
J:5A=<K>R<LV=A=<9C=<L<9>R79PR8:i=8:P\<9;WA=;=798:52;WC=<KJ:52>\V$5GQ<9;=798DJ:<9>a2<97%GQ52PR8DJ:<9>0

' ' !
'

NOJePR<9>RA=J3GIDC=5SB;BDJ<9>

)z}1ZY!
' _ / ' ' / T
JD52PREhA=JDWEhA=<9>vGQPQDjGIDEhi=8:<9; A=< Y ' 021465GIDPLA=<g<9>vGIDj52PREhA=JDW;=5>R<gC=<9i$<A=>QDPhVBDPQD
7TDJ:79A=JDP\8:;=C=A=7%GID;=798D>\V=PR52V=8D>91

21
6 685

>") &/!
? J C
K =@?BG K =>C<G ; "K G J "C K G
à52;=>R8:C=<9PQDEF52>gA=;BDi$52i=8:;BD 5>R52J:<9;=528:C=<U60 C=< A=<9J3GID>0uJDPRx25
Lf+PQDC=8:5 <9JuJDPRx25
1
su<%GQ<9PREF8:;BDPR<9EF52> <9JB795<%SB798:<9;HGQ<@C=<6DA}GQ528:;=C=A=79798 52U ; C=<\<9>vGIDKi$52i=8:;BD}1 @<979A=PRPR8:PR<9EF52>-DJDuC=<%SB;=8:798 52U ;40
7TDJ:79A=JD;=C=5n<9J BA"R5n<9;=JD TDC=5nV$52PwJDpi$52;=8:;BDV}0 C=<9i=8:C=5Dh>RAWV=PR52V=8:5n7TDEFV$5hEDx2;a<%U GQ8:795=1ONOJ BA"R5hGQ8:<9;=<
<9JDJ:52P
7
<9;jA=< w

<9>@<9Je7TDEFV$5EDx2;a<%U GQ8:795n<9Je<9Je8:;HGQ<9PR8:52PwC=<KJDhi$52i=8:;BDV}0 f &' 1-NO;HGQ52;=79<9>
' 7

)
C=<LC=52;=C=<K52i}GQ<9;=<9EF52>
6 6
'

=@?BG K =>C<G ? G ; "J ; J "C K G "J

à52;=>R8:C=<9PQDEF52>6A=;j798:J:8:;=C=PR5C=<LJDPRx25
fWPQDC=8:5 0>R52i=PR<p<9J~A=R<LBD;j7952J:57TDC=5FC=52>6<9Ehi$52i=8:;BDC=52>0
A=;=5nC=< A=<9J3GID>0 f<9J$5GQPR5hC=< ' A=<9J3GID>0f<9J$EF8:>REF5LJDPRx25
1-`wDJ:79A=JDPR<9EF52> <9J 795<%SB798:<9;HGQ<uC=<
8:;=C=A=79798 52U ;EhA}GQABDV0 =0 VBDPQDpJ:5p79ABDJ <%DJ:ABDPR<9EF52> <9> BA"R5h<9;=JD TDC=5hV$52Pa<9J <9Ehi$52i=8:;BDC=5 0}C=<9i=8:C=5
DJe<9Ehi$52i=8:;BDC=5 ' 0

' ' ' 7
<9;jA=< ' '

E=0 <9;HGQ52;=79<9>6<9Je795<%SB798:<9;HGQ<L<9>
'
K

)
o<K2<9PR83SB7TDA=<
'\ ' TB<9;x2<9;=<9PQDJW0=>R<GQ8:<9;=<KJDhPR<9JD798:52;
'\)(} ' |

(

0 1

6 6 9S;>=@? J ; ?BA G K J A G "J A

à52;=>R8:C=<9PR<9EF52><9J V=PR52i=J:<9EDC=<hA=;GQPQD;=>v52PREDC=52P0$52PREDC=5V$52PuC=52>ui$52i=8:;BD>8:;=C=A=7%GID;=798D> f
S 0 D7952V=JDCBD>LEDx2;a<%U GQ8:7TDEF<9;HGQ<U07952; 795<%SB798:<9;HGQ<C=<8:;=C=A=79798 52U ; EhA}GQABD 0 7952EF5j>R<EhA=<9>vGQPQDj<9;
JDj' SBx2A=PQD>R8:x2A=8:<9;HGQ<1NOJ\798:PR79A=83GQ5V=PR8:EDPR8:5 JDC=58 9A=8:<9PRC=5KGQ8:<9;=<gA=;BDA=<9;HGQ<WC=<GQ<9;=>R8 52U ;

S6
0 f<9J>R<979A=;=CBDPR8:5GQ8:<9;=<bA=;BD 3 7TDPRxHD 3 PR<9>R8:>vGQ83D 1c~D>W<979ABD798:52;=<9>VBDPQDJ:52>W798:PR79A=83GQ52>

&
V=PR8:EDPR8:5pfg>R<979A=;=CBDPR8:5F>R52;

|

!
'
lDPQD<9>vGQA=C=8DP<9>vGQ<nV=PR52i=J:<9EDV0 7952;=>R8:C=<9PQDEF52>JD>R83GQABD798 52U ;jC=< 3 P<9U x28:EF<9;j>R8:;A=>R528:CBDJ 3 0 <9;A=<nJD>
7952 PRPR8:<9;HGQ<9>K>R52;bGQ5CBD>u>R8:;A=>R528:CB DJ:<9>(79ABD;=C=5gfHDWBDgVBD>QDC=5W<9J <%<97%GQ5WGQPQD;=>R83GQ52PR8:5S0 <9>KC=<9798:P

< '
'
' 1 @<9>RA=J3GID E+DU >FDU 798:WJ 0wDJ:x2<9i=PQD8:7TDEF<9;HGQ<U0aGQPQDiBD QDP7952;
7TD;HGQ8:CBDC=<9>67952EFV=J:<]QD>
f '
S0=C=<%SB;=8:CBD>@V$52P
!
'

'

su<<9>vGID ED;=<9PQDV0 JD>7952PRPR8:<9;HGQ<9>FPR<TDJ:<9>F>R52;^>R8:EFV=J:<9EF<9;HGQ<gJD>VBDPvGQ<9>FPR<TDJ:<9>FC=< f ' 0wDC=<9E+DU >0
7TDJ:79A=JDPLJD>LC=<9PR83DCBD>p>R<PR<9<9EFV=JD)TD>R8:EFV=J:<9EF<9;HGQ<FV$52PpJDWEhA=J3GQ8:V=J:8:7TD798 52U ;V$52PL<9J )D7%GQ52P 61à52;
<9>vGQB5 0

!

'

) )
'
NO;HGQ52;=79<9>0$JD>\<979ABD798:52;=<9>@C=<KJ:52>\798:PR79A=83GQ52>\>R52;
!

'
) ' '
a ' |
'
'
su<KJDh>R<9x2A=;=CBDF<979ABD798 52U ;40=52i}GQ<9;=<9EF52>@JDnPR<9JD798 52U ;g<9;HGQPR<KJD>\7952PRPR8:<9;HGQ<9>@7952EFV=J:<]QD>0
'
a

'
@<9<9EFV=JD)TD;=C=5<9>vGQ<LPR<9>RA=J3GIDC=5<9;JDhV=PR8:EF<9PQDn<979ABD798 52U 4
; 0=>R<L52i}GQ8:<9;=<
' ' a ' a

'

'

' ' ' a
2z

NO> 8:;HGQ<9PR<9>QD;HGQ<\7TDJ:79A=JDP<9J}79A=5798:<9;HGQ<w<9;HGQPR<\J:52> 3 252J3GID R<9> 3 <9;JD>C=52> 8:;=C=A=7%GID;=798D>0 a

f ' 0
'
a ' v
o8-7952;=>R8:C=<9PQDEF52>K<9J-7TD>R5<9; A=< V| 0efb>RA=V$52;=<9EF52>LA=<FJD>8:;=C=A=7%GID;=798D>K7952PRPR<9>RV$52;=C=<9;DWJD>
C=52>@i$52i=8:;BD%> 7TDJ:79A=JDC=5D;HGQ<9PR8:52PREF<9;HGQ< S0=GQ<9;=<9EF52>
'

NO>vGQ5u>R8:x2;=83SB7TD6A=<a<9J252J3GID R< <9;h<9J>R<979A=;=CBDPR8:5u<9>A=;BD6PQD79798 52U ;LC=<9J;u=UA EF<9PR56C=< A=<9J3GID>91 l52P<]R<9EFV=J:5B0
>R8 '
0 0<9J 252J3GID R<<9; <9J >R<979A=;=CBDPR8:5>R<9PBDjU EDTf252PpA=<<9; V=PR8:EDPR8:B5 0~J:5j79ABDJ CBDjJ:A=xHDPpDj>RA
DV=J:8:7TD798 52U ; E+DU >L7952;=5798:CBVD 0 VBDPQD 3 >RA=i=8:P 3 5 3 iBD QDP 3 252J3GID R<9>91b4652PREDJ:EF<9;HGQU< 0A=; GQPQD;=>v52PREDC=52PpC=<
A=;BDJ 8:U ;=<TDhC=<KC=8:7%GQPR8:i=A=798 52U ;giBD QD<9J252J3GID R<KDJ;=832<9JDC=<979ABDC=5FVBDPQDnA=>R5FC=52EF8:798:J:8DPR8:5=1
6 6
=@?BG K =>C<G ? G ; "J ; M C<A G

à52;=>R8:C=<9PQDP C=52>-<9>RV=8:PQD>0C=<6PQDC=8:52> Lf 0C=8:>RV=A=<9>vGID> C=<6ED;=<9PQDA=<6>RA=> 79<9;HGQPR52>a<9>vGDU ;F<9;<9JBEF8:>REF5
<]R< <]R<
S0>RA=>LV=JD;=52>>R52;bV$<9PRV$<9;=C=8:79A=JDPR<9>LDJ <]R<
0~f>RA=>L79<9;HGQPR52>K<9>vGDU ; DgA=;BDgC=8:>vGID;=798D B1Fo8
A=;BDWC=<nJD><9>RV=8:PQD><9>KEhA}fV$<9A=< ;B1 DV0& 0eV$52P<]R<9EFV=J:5B0<9>KV$52>R8:i=J:<p52i}GQ<9;=<9PK<9JO795<%SB798:<9;HGQ<C=<
K
DA}GQ528:;=C=A=79798 52U ;W<9;W52PREDhEhA}fg>R8:EFV=J:<1
?8:x2A=PQDnz}1Zk -su52>\<9>RV=8:PQD>6DnC=8:>vGID;=798D B 1
z
b
a
x
NOJe7TDEFV$5nEDx2;a<%U GQ8:795B0=<9;<9Je<]R<KC=<KJDh<9>RV=8:PQDnEDTf252P C=<KPQDC=8:5 w<9>

- Y 2 ' 3 , '
'
'
à52EF5LJD<9>RV=8:PQDLEF<9;=52P-<9> EhA}fV$<9A=< ;B1 VD 0<9J7TDEFV$5L<9;79ABDJ:A=8:<9P-V=A=;HGQ5pC=<6<9J:JDuC=<9i$<>R<9P 7952;=>vGID;HGQ<U0
C=<KDJ:52P

O Y 2 ' 3 , ' 7
' '

#

%

J:A=<9x25<9J B A"R5F<9;=JD TDC=5V$52P\JDh<9>RV=8:PQDC=<KPQDC=8:5 0BC=<9i=8:C=5FDJDh5GQPQDn<9>RV=8:PQDn<9>

& ' '
Y 2 ' ' 3 , '

à52;<9>vGQB5 0<9Je795<%SB798:<9;HGQ<KC=<K8:;=C=A=79798 52U ;WEhA}GQABDn<9>
)
Y 2 0&' '3 , '

' '
>&'&$& ,.(*&( )+ "/")+"-,.+' $& ,.

à52;=<97%GQ<9EF52>6A=;BDi$52i=8:;BD >R52J:<9;=528:C=<wDnA=;BDnA=<9;HGQ<KC=<<9E7952;HGQ8:;ABD 2 <9P@SBx2A=PQD
b
R
? 8:x2A=PQDnz}1 rOi$52i=8:;BDn7952;=<97%GIDCBDFDnA=;BDnA=<9;HGQ<LC=<<9E
5CBD i$52i=8:;BD PR<TDJuV$52>R<9<PR<9>R8:>vGQ<9;=798D F<8:;=C=A=7%GID;=798D V=PR52V=8D ) 1NO>DU 798:J@2<9PR83SB7TDPA=<
A=;BDj8:;=C=A=7%GID;=798DWSB>R8:7TDV=A=<9C=<>R<9PhPR<9V=PR<9>R<9;HGIDCBD7952EF5jJDW7952Ehi=8:;BD798:52; C=<A=;BDPR<9>R8:>vGQ<9;=798Df A=;BD
8:;=C=A=7%GID;=798DV0$DEhiBD>8:C=<TDJ:<9>916o8~V$52P6<9J798:PR79A=83GQ5FC=<pJDnSBx2A=PQD BA}f2<hA=;BD7952PRPR8:<9;HGQ<
S0$<9;HGQ52;=79<9>uJD
<9E GQ5GIDJ<9>

a % % # %
!
7
J:A=<9x25

7
!

C=<LC=52;=C=<L>R<KGQ8:<9;=<LJDnPR<9V=PR<9>R<9;HGID798:52;jC=<9>R79PR83GID}1w465GQ<9EF52>6A=U< 0>R8~<9J~798:PR79A=83GQ5>R<L<9;=7952;HGQPQDiBDDi=8:<9PvGQ5
g|<9;
@| S0DJ79<9PRPQDP<9J798:PR79A=83GQ5BDi=PQDA=;V$<9PR8:5C=5 3 GQPQD;=>R8:<9;HGQ< 3 f 0 SB;BDJ:EF<9;HGQ<L>R<hJ:J:<9xHDPQDFD
JDn7952PRPR8:<9;HGQ<
0% #

N =DEF8:;=<9EF52>7952EF5 >R<J:J:<9xHD C=<9>RC=< {| BD>vGID 0% # 1 c~D <979ABD798:52; A=<C=<9>R79PR8:i$<<9J
7952EFV$52PvGIDEF8:<9;HGQ5nC=<9Je798:PR79A=83GQ5n<9>

!

JDn>R52J:A=798:52;gC=<K<9>vGID<979ABD798:52;<9>

- 0

0 |2|
465GQ<9EF52>@A=<
-| -|0BDC=<9ED>

O | O
!

c~D^=UA J3GQ8:EDKPR<9JD798:52;;=52>wC=8:79<A=<<9J 7952EFV$52PvGIDEF8:<9;HGQ5LC=<uJDL7952PRPR8:<9;HGQ<u<9>wx252i$<9PR;BDC=5hV$52Pw<9JDJ:52PaC=<
0<9;VBDPvGQ8:79A=JDP 0>R8 <9>uEhA}fjV$<9A=< ;=1 B5 0 JDF7952PRPR8:<9;HGQ<hC=<9EF52PQDFA=;GQ8:<9EFV$5EhA}fi=PR<%2<n<9;VBD>QDPuC=<
|Dn>RAWDJ:52PaSB;BDWJ 0=<9Je79ABDJe<9>68:;=C=<9V$<9;=C=8:<9;HGQ<KC=<L\1
o8~D=52PQDn<9Je798:PR79A=83GQ5n>R<LDi=PR<K<9;
-V| 0B79ABD;=C=5FJDh7952PRPR8:<9;HGQ<DJ:< n w
0B<9;HGQ52;=79<9>

O
c~DL7952PRPR8:<9;HGQ<@;=5p7TD<DK79<9PR5p8:;=>vGID;HGID;=<TDEF<9;HGQU< 0>R8:;=5LA=<C=<9EF52PQDKA=;GQ8:<9EFV$5KC=<9J52PRC=<9;C=<
0BA=<L<9>@7TDPQD7%GQ<9PR8:>vGQ8:795C=<9Je798:PR79A=83GQ5=1

46 ! ( ( 6 ! ,H (
a` 52;=>R8:C=<9PR<9EF52> <9J}V=PR52i=J:<9EDC=<wJD6i$52i=8:;BDPR<TDJ V$52PJDA=<w798:PR79A=JDA=;BD7952PRPR8:<9;HGQ< w

1 c~D
<9;=<9PRx28DA=<6>R<@C=8:>R8:VBDu<9;F<9JB798:PR79A=83GQ5C=<9>RC=<
-|BD>vGIDKA=<@JDui$52i=8:;BD>R< 3 C=<9>R7TDPRxHD 3 7952EFV=J:<%GIDEF<9;HGQ<
<9>
' !
- ' 6' !
O '
2Y
c~D<9;=<9PRx28DFC=8:>R8:VBDCBDnV$52P6<9J~>R8:>vGQ<9EDFC=<9i$<LBDi$<9P6<9>vGIDC=5gDJ:ED79<9;BDCBDn<9;<9WJ 0<9;j5GQPQD>6VBDJDi=PQD> 0
A=;BDi$52i=8:;BDV=A=<9C=R<9PA=>QDCBDFVBDPQDDJ:ED79<9;BDP\<9;=<9PRx28DF<9;52PREDC=<LA=;BDF7952PRPR8:<9;HGQ<p798:PR79A=JD;=C=5FV$52P
<9J:JD}1
'
2YK
2YK '
2Y
o<LV=A=<9C=<K<9>vGIDi=J:<979<9P6A=;BDD;BDJ:52xB U Dp79JDPQDn<9;HGQPR<K7952;=C=<9;=>QDC=52PR<9><K8:;=C=A=7%GID;=798D>91
Di=JDnz}130!O;BDJ:52xB U Dp<9;HGQPR<LJD>w52U PREhA=JD>wVBDPQDnJDn<9;=<9PRxB U Dn<9J%<9U 7%GQPR8:7TDpfgEDx2;a<%U GQ8:7TD}1
1Zk79E
à52;=C=<9;=>QDC=52P [];=C=A=7%GID;=798D
5
2Y

2Y
'
2Y
'$
2Y
5 '$
2Y
'$
2Y
'
2Y
'$
2Y
a` 52EF5=<9EF52>8:>vGQ5fHDV0eA=;b>R8:>vGQ<9EDEDx2;=<%GQ8:795<9>7TDVBD nC=<nDJ:ED79<9;BDP<9;=<9PRx28DV0V=PR<9798:>QDEF<9;HGQ<
DA=<9J:JD<9;=<9PRx28D;=<979<9>QDPR8DVBDPQDu<9>vGIDi=J:<979<9P JD>7952PRPR8:<9;HGQ<9> A=<wCBD;nJ:A=xHDPDJ}7TDEFV$5EDx2;=<%GQ8:795 1 NO>
DU 798:J}DPRx2A=EF<9;HGIDP<9;h)DT252P C=<wA=;BD52PREhA=JD67952EF5 '
2Y6VBDPQDuJD6<9;=<9PRx28D}1 -<TDEF52>>RAnx2<9;=<9PQDJ:8 TD798:52;
DED>\C=<KA=;798:PR79A=83GQ5=1 52EF<9EF52> Yh798:PR79A=83GQ52> 0=7952;W7952PRPR8:<9;HGQ<9> 7 ' 1
VBDPQDnJ:J:<9xHDPwDnJDp7952;}SBx2A=PQD798:52;gSB;BDJ 7 ' S0=JD>w7952PRPR8:<9;HGQ<9>@C=<9i$<9;7TDEhi=8DPaC=<9>RC=<L79<9PR5BD>vGID
GIDJ:<9>wDJ:52PR<9>91
)
&

0 |}0

>RA=V$52;=xHDEF52>\A=<LBD79<9EF52>@A=<KJD>\7952PRPR8:<9;HGQ<9>\DPR8:<9;W<9;JDh52PRED

'
- . -

)z}1 M
)z}1 _

' 7
9< ;A=<
a<9>6A=;BDhA=;=798:52;WA=<KDPR8D 3 J:<9;HGIDEF<9;HGQ< 3 C=<9>RC=< n | <9;
-| wBD>vGID n0 <9;
- 1
DJ-DPR8DP - < - ' 0>R<8:;=C=A=79<9; <9E 3 > 0 ' <9;DEhi$52>L798:PR79A=83GQ52>0
p
!
S0 '
L
'
!
S0u<9; A=< 0 ' >R52; J:52>gDJ:52PR<9>gSB;BDJ:<9>WC=< J:52> BA"R52>91 " VBDPQDBD79<9P79PR<979<9PJD
7952PRPR8:<9;HGQ<9>6BDTfgA=<K<%<97%GQABDP@GQPQDiBD R57952;HGQPQDnJD>w<9E8:;=C=A=798:CBD>0

-
2!
- *
*
+
+
J:A=<9x2B5 0
* + n Y0 * +

DEhi=8:<9;WV$5C=<9EF52>\<9>R79PR8:i=8:P 0
Y0 * + * +

C=52;=C=<L>R<KPR<9<9EFV=JD 95<9J BA"R5 V$52P

*+
)
NO>6V$52>R8:i=J:<uC=<9EF52>vGQPQDP\A=<PR<97952PRCBDP@J:52>\795<%SB798:<9;HGQ<9>6C=<KV$5GQ<9;=798DJW0}<9;<9J:<97%GQPR52>vGIDGQ8:7TD
Y 0 ',
NO>vGQ5WA=J3GQ8:EF5V=A=<9C=<n8:;HGQ<9PRV=PR<%GIDPvGQ>R<nC=8:798:<9;=C=5gA=< 3 JD<9;=<9PRx28DEDx2;=<%GQ8:7TD>R<DJ:ED79<9;BD<9;b<9J <9> "
VBD798:B5 07952;bA=;BDC=<9;=>R8:CBDCbA=<C=<9V$<9;=C=<C=<nJDEDx2;=83GQA=CC=<9J 7TDEFV$5EDx2;=<%GQ8:795 3 1KJ 8:x2ABDJA=<<9;
<9J:<97%GQPR52>vGIDGQ8:7TVD 0=7952;=>R8:C=<9PQD798:52;=<9>@C=<K<9;=<9PRx28DnV$<9PREF83GQ<9;W7TDJ:79A=JDPaA=<9P TD>\fGQ52PRA=<9>6>R52i=PR<K798:PR79A=83GQ52>91

46 ! ( ( 6 ! ,H ( ! , ( ! ,H (

6<9EF52>D;BDJ:8 TDC=5<9J798:PR79A=83GQ5 $0 J:J:<9xHD;=C=5FDJD7952;=79J:A=>R8 52U ;jA=<U0$79ABD;=C=5798:PR79A=JDA=;BDF7952PRPR8:<9;HGQ<
20BJDh8:;=C=A=7%GID;=798DDJ:ED79<9;BDh<9;=<9PRxB U DV0

&
Y0 ' Y0 7
)z}1Zk!
<9;A=<
<9>u<9J BA=A"R5gEDx2;a<%U GQ8:795<9;=JD TDC=5V$52PJD8:;=C=A=7%GID;=798D}1o<h>QDGQ8:>v)D79<pJDPR<9JD798 52U ;jC=<
798:PR79A=83GQ52>
% #
)

0 |HY
à52;=>R8:C=<9PQDEF52>@<9>\GQPQDiBD R5A=<L79A=<9>vGIDEF5 2<9P@A=;BD7TDPRxHD * V$52P\<9Je798:PR79A=83GQ5B0
* ' !

GQPQDiBD R5
<%<97%GQ5
GQPQDiBD R5F<%<97%GQABDC=5
< GQ<9PR;=5
R52A=J:<
7952;HGQPQDJDh<9E8:;=C=A=798:CBD}1
NOJ-7TDEhi=8:5g<9; JDg<9;=<9PRxB U DgC=<9JO798:PR79A=83GQ5W<9> 1FlDPQDWA=; 7952;"RA=;HGQ5jC=<798:PR79A=83GQ52>KD7952V=JDC=52>
GQ<9;=<9EF52>
*

)z}1 r

* +
)z}1Z!

à52; <9>vGQB5 0\V$5C=<9EF52>F7TDJ:79A=JDPF<9J@GQPQDiBD R5 GQ5GIDJ 0\7952EF5 <9J67TDEhi=8:5 GQ5GIDJ@<9; JDb<9;=<9PRxB U D C=<jJ:52>

97 8:PR79A=83GQ52>06DJJ:J:<%DPRJ:52>FC=<9>RC=<JD 7952;}SBx2A=PQD798 52U ; <9; A=<GQ5CBD>JD>7952PRPR8:<9;HGQ<9>>R52;79<9PR5B06BD>vGID J:52>
DJ:52PR<9>wSB;BDJ:<9>91
lDPQD7TDJ:79A=JDP6<9>vGQ5 =UA J3GQ8:EFB5 0BV$5C=<9EF52>67952;=>R8:C=<9PQDPA=<hJD>7952PRPR8:<9;HGQ<9>DPT U D;jC=<9>RC=< g|BD>vGID
>RADJ:52PaSB;BDJe<9;JDp52PRED

-
7
<9;jA=<
a<9>6A=;BDhA=;=798 52U ;7952;=5798:CBDhC=<
1 su<<9>vGIDED;=<9PQDhGQ<9;=<9EF52>

- 7
<9;jA=< <9>@<9J BA"R5nSB;BDJe<9;=JD TDC=5V$52P\<9Je798:PR79A=83GQ5 ( " <9U >R8:EF5=1 @<TDJ:8 TD;=C=5nJDh8:;HGQ<9x2PQDWJ 0GQ<9;=<9EF52>
* Y0 * +
)z}1 z

=52PQVD 0BV=A=<9C=5 52J38:CBDPREF< 3 C=<KJ:52>K U ;=C=8:79<9> 0=fg<9>R79PR8:i=8:EF52>
Y0 * 7
)z}1
+

<9;jA=<K=<9EF52>@8:C=<9;HGQ83SB7TDC=5 7952EF5nJDn<9;=<9PRxB U DnEDx2;a<%U GQ8:7TDnDJ:ED79<9;BDCBDhV$52P\<9Je798:PR79A=83GQ5=1
l5C=<9EF52>@<9>R79PR8:i=8:P\D=52PQD

7
)z}130 |

<9;HGQ52;=79<9>
Y0 *

)z}13020
+

@<97952PRCBDEF52>@A=<
, 0B<9;HGQ52;=79<9>6V$5C=<9EF52>\<9>R79PR8:i=8:P
Y0 ,
)z}130"!Y

)
&

0 |2M
l5C=<9EF52>PR<TDJ:8 TDPA=;BD\GQPQD;=>v52PRED798 52U ;KEDGQ<9E+DU GQ8:7TDwD@JD\< }V=PR<9>R8 52U ;hD;HGQ<9PR8:52P0"iBD>QDCBD@<9;pJD\8:C=<9;HGQ8:CBDC
O

ui=>R<9PvD;=C=5A=<L<9Je>R<9x2A=;=C=5FG}<9U PREF8:;=5nC=<9JeJDC=5C=<9PR<97I=5<9>6V=PR<9798:>QDEF<9;HGQ<K;A=<9>vGQPR58:;HGQ<9x2PQD;=C=B5 0=J:J:<9x "
DEF52>@DJDh7952;=79J:A=>R8 52U ;C=<9>RV=A=<9>C=<KA=>QDP@<9JGQ<952PR<9EDn8:;HGQ<9x2PQDJC=<KJDhC=832<9PRx2<9;=798D
Y0 2 ,
)z}130 M

NO>vGQ5V$<9PREF83GQ<uC=<%SB;=8:P\A=;BD 3 C=<9;=>R8:CBDCC=<K<9;=<9PRxB U D 3 EDx2;a<%U GQ8:7TD 0
0

Y

&

"

(*! / $&/ ' #%$ (*!

$ "!
à52;=>R8:C=<9PR<9EF52>uA=;>R8:>vGQ<9EDC=<h7952PRPR8:<9;HGQ<9>0 fj7TDJ:79A=J:<9EF52>6<9JGQPQDiBD R5EF<97eDU ;=8:795PR<TDJ:8 TDC=5V$52P<9J>R8:> "
GQ<9EDh79ABD;=C=5>R<>R52EF<%GQ<KDJ >R8:>vGQ<9EDnDhA=;BDnC=<9>RV=JD TDEF8:<9;HGQ5 p C=<A=;BDnC=<>RA=>\VBDPvGQ<9>91 NO>vGQ<GQPQDiBD R5
8:<9;=<KCBDC=5FV$52P
& 6
l52P@5GQPQDhVBDPvGQ<U=0 <9>vGQ<GQPQDiBD R5V=A=<9C=<GIDEhi=8:<9;g< }V=PR<9>QDPR>R<L7952EF5A=;WiBDJD;=79<u<9;HGQPR<KJDh<9;=<9PRxB U Dn<9;HGQPR< "
xHDCBDnV$52P@JD>wiBDGQ<9PR8D> fg<9Je7TDEhi=8:5nC=<KJDn<9;=<9PRxB U DnC=<9Je>R8:>vGQ<9ED S0
"
&
)

l5C=<9EF52>h<9;=7952;HGQPQDPhA=;BDjPR<9JD798 52U ; <9;HGQPR< f >R8a7952;=>R8:C=<9PQDEF52>LV=PR8:EF<9PR5j<9Ja7TD>R5<9;A=<JD>
7952PRPR8:<9;HGQ<9>6>R<KED;HGQ8:<9;=<9;W7952;=>vGID;HGQ<9>C=A=PQD;HGQ<K<9JeC=<9>RV=JD TDEF8:<9;HGQ5n8:PvGQABDJ 1ONO;<9>R<K7TD>R5B0
0 * 7

Y
EF8:<9;HGQPQD>\A=<L<9JGQPQDiBD R5 <9>
* Y

NO;HGQ52;=79<9> & 0BJ:5n79ABDJeV$<9PREF83GQ<<9>R79PR8:i=8:P
&
)z}130T_
+
%
7
Q
G

<
1

o8:EF8:JDPREF<9;HGQU< 0>R8eJ:52> BA"R52>@V=A=<9C=<9;j>R<9P@7952;=>R8:C=<9PQDC=52>@7952;=>vGID;HGQ<9> 0$<9;HGQ52;=79<9>

&

)z}130"!k

)

"
798:PR79A=83GQ5
798:PR79A=83GQ5
$& ,.! " H 6 )+" ,4H(*&!. ,.
6<9EF52>@<9>vGQA=C=8DC=5fHDJ:52>w7TD>R52>

1
\1
0 |_
6 685 C<A = C ? J

; K V ;>A2C<;
NO>vGQA=C=8:<9EF52>\A=;W798:PR79A=83GQ5 0=<9;W>R<9PR8:<U=0 7952;WA=;BDhA=<9;HGQ<KC=< <9E 3 7952;HGQ8:;ABD 1-lDPQDn<9;=7952;HGQPQDP\JD
<979ABD798:52;C=<9Je798:PR79A=83GQ5n<9>R79PR8:i=8:EF52>\JDp<9E GQ5GIDJW0

#
C=52;=C=< <9>6<9J 252J3GID R<K<9;<9J7952;=C=<9;=>QDC=52PT
<9>6JDh7TD8:CBDnC=<GQ<9;=>R8:52;<9;JDhPR<9>R8:>vGQ<9;=798DV0

!

%
!
7
5
<9>@JDh7TDVBD798:CBDCWC=<9Je7952;=C=<9;=>QDC=52P wf
2 0}SB;BDJ:EF<9;HGQ<
5
7 5
!

b
R
? 8:x2A=PQDnz}1Z -6;798:PR79A=83GQ5 0B7952;A=;BDn 1 <1 E1O7952;HG U ;ABD 1

NO>vGIDg<979ABD798:52; V=A=<9C=<PR<9>R52J32<9PR>R<FVBDPQDJD7952PRPR8:<9;HGQ<5WJD7TDPRxHDg<9; <9J 7952;=C=<9;=>QDC=52P91Fc~D>7952;=C=8
798:52;=<9>L8:;=8:798DJ:<9>>R<9PQD; >R8O<9J-8:;HGQ<9PRPRA=V}GQ52PK>R<798:<9PRPQDW<9;
Kq| 5
| u |
| q|}16;BD "
>R52J:A=798:52;WVBDPvGQ8:79A=JDPwC=<KJDh<979ABD798:52;>R<K52i}GQ8:<9;=<K7952; 5 7952;=>vGID;HGQU< 0J:5nA=<LCBD
| 7 5
%
NO>vGIDj<9>LJDg>R52J:A=798:52; A=<F>R<52i}GQ8:<9;=<FDJ-7TDi$5C=<FA=; GQ8:<9EFV$5WJDPRx25 K<9J-7952;=C=<9;=>QDC=52Pp>R<F7TDPRxHDgfb;=5
798:PR79A=JDn7952PRPR8:<9;HGQ<1-c~D>R52J:A=798:52;gC=<KJDn<979ABD798:52;W=52EF52x2<9;=<TDn<9>6C=<KJDp52PRED
5
- 7
C=52;=C=< f >R52;7952;=>vGID;HGQ<9> 0Bf >R<KC=<%GQ<9PREF8:;BDnPR<9>R52J38:<9;=C=5JDn<979ABD798:52;W7TDPQD7%GQ<9PR8:>vGQ8:7TVD 0
' 0
| 7
79A}fHDF>R52J:A=798:52;W<9>
n &
2Y
2Y ' 0

'
l52P@J:5nGID;HGQB5 0=BDTfGQPR<9>67TD>R52> 0BC=<9V$<9;=C=8:<9;=C=5C=<9Je>R8:x2;=5C=<9J~DPRx2A=EF<9;HGQ5C=<KJDhPQD8 79ABDC=PQDCBVD 0
8
2Y ' 0

2Y ' 0
' 1-c~DL>R52J:A=798:52;FA=<>QDGQ8:>v)D79< |L<9;
-|
<9>

O Y ' /

&

` Ko
8:8
2Y ' 0
0

2Y ' ' 1

O Y - ' R> 8:;

8:8:8
2Y 'w0
|}1

-
'
ce52>\7TD>R52> -Of ---->R52;V=A=PQDEF<9;HGQ<LDEF52PvGQ8:x2ABDC=52> 0}EF8:<9;HGQPQD>\A=< ---<9>@ED>@8:;HGQ<9PR<9>QD;HGQ<1

O
"
0 |Hk

#%$ "-,. ' " ) (*/ ,. (

|

à52EF5 >R8:<9EFV=PR<BDTfGQPQD;=>R8:<9;HGQ<U\0 <9>RV$<9PQDEF52>FA=;^GQ8:<9EFV$5 >RA}SB798:<9;HGQ<9EF<%GQ<JDPRx25bf<9>vGQ<jC=<9>QDVBDPR<979<1
àA=<9;=C=5W>R<hJ:J:<9xHDD<9>vGID>R83GQA=<9798:52;40 >R52J:58:;HGQ<9PR<9>QDJD>R52J:A=798:52;jVBDPvGQ8:79A=JDP@C=<hJDF<979ABD798:52;C=83<9PR<9;=798DJ
P<9U x28:EF<9; 3 79ABD>R8 <9>vGID798:52;BDPR8:5 3 1uNO;<9>vGQ<n7TD>R5B0 >R8JDA=<9;HGQ<n<9>>R8:;A=>R528:CBDJW0$JDF>R52J:A=798:52; VBDPvGQ8:79A=JDP
<9>@GIDEhi=8:<9;g>R8:;A=" >R528:CBDJW0
-
- - 7952>
+
7
<9;jA=< <9>@A=;BD7952;=>vGID;HGQ<U0 J:JDEDCBDLJD )D>R< 3 D;=x2A=J:5C=<)D>R< 1
C
0
R
? 8:x2A=PQDnz}1 z-6;798:PR79A=83GQ5 0B7952;A=;BDn 1 <1 E1O7952;HG U ;ABD 1

c~DED;=<9PQDED>u>R8:EFV=J:<LC=<nPR<9>R52J32<9P<9>vGQ<nV=PR52i=J:<9ED<9>8:;HGQPR5C=A=798:P 3 )D>R52PR<9> 3 <9>C=<9798:P0;A=EF<9PR52>
7952EFV=J:<]R52>

-
7
- 7
fg>R8:EF8:JDPREF<9;HGQ<VBDPQDnJDn7952PRPR8:<9;HGQU< 0
-
-

7
-
à52;<9>vGQ5GQ<9;=<9EF52>@JD>\PR<9JD798:52;=<9>
-
!
- )
!
O a

0

J:A=<9x25B0

-
a 0
h&
7

0 |2r
V$<9PREF83GQ<C=<%SB;=8:P\JDn8:EFV$<9CBD;=798Dp7952EFV=J:<]QD & S0
O
&
su<K<9>vGIDn52PREVD 0
7

0=<9;A=< a\1
0=<9;A=< L0
1

c~D>@8:EFV$<9CBD;=798D>w>R<L7952;=<97%GID;8:x2ABDJ A=<LJD>\PR<9>R8:>vGQ<9;=798D>91 lDPQD;A=<9>vGQPR5FV=PR52i=J:<9EDV0

-
& 7
J:A=<9x2B5 0=<9>R79PR8:i=8:<9;=C=5 & O / & / 0=GQ<9;=<9EF52>

O $
/ & /
c~D7952PRPR8:<9;HGQ<PR<TDJe<9> -

S0
-
-

- $
/ &
/ }7952>
7
<9;jA=<K<9J~D;=x2A=J:5nC=<)D>R<K<9>
O a +0

0fgJDnEDx2;=83GQA=CgC=< <9>
/&
/ ' a 0
' '

,."&(
NO>6JDp2<9J:5798:CBDCDnJDnA=<K>R<LPR<TDJ:8 TDpGQPQDiBD R5=1-c~DnV$5GQ<9;=798Dn8:;=>vGID;HGDU ;=<TDn<9>

-
-

c~DV$5GQ<9;=798Dn<9;HGQPR<9xHDCBDV$52P\JDhiBDGQ<9PR8Dn<9> <]R<9EFV=J:5nC=<9J~798:PR79A=83GQ5 " >R<9PR8:<

O '
/ & / }7952>
}7952>
+
c~DF7TD;HGQ8:CBDCjC=<L8:;HGQ<9PR<9>6V=PQD7%GQ8:79B5 0<9;DV=J:8:7TD798:52;=<9>@DF798:PR79A=83GQ52>@C=<L7952PRPR8:<9;HGQ<pDJ3GQ<9PR;BDV0<9>6JDV$5GQ<9;=798D
V=PR52EF<9C=8:5
0

2!
7

<9;A=< Y (
^<9>@<9JeV$<9PR8:5C=5nC=<K52>R798:JD798:52;gC=<KJDpA=<9;HGQ<L< GQ<9PR;BDC=< <9E 3 1 D798:<9;=C=5F<9Je7TDJ:79A=J:5
>R<KGQ8:<9;=<
.' 7952> / &
/ - ' 7952>

Y / & /

Y
@GQ8:J:8 TD;=C=5<9J =<97I=5A=< - L $
/ & /=<9>JDgDEFV=J:83GQA=CC=<nJD7952PRPR8:<9;HGQU< 0fA=<7952>
/ / 0
V$5C=<9EF52>\<9>R79PR8:i=8:P

- '
26
Y
NO>vGID< }V=PR<9>R8:52;<9>8:C=<9;HGQ8:7TDDFJDA=R<h52i}GQ8:<9;=<LVBDPQDF7952PRPR8:<9;HGQ<p7952;HGQ8:;ABVD 0$>R8>R<pC=<%SB;=<hJD7952PRPR8:<9;HGQ<
<%<97%GQ83D 3
- Y
su<K8:x2ABDJ ED;=<9PQVD 0=>R<LC=<%SB;=<K<9J252J3GID R< <%<97%GQ8325 3 $
Y1
&

&

X

NO; <9>vGQ<7TDV=83GQA=J:5>R<C=8:>R79A}GQ<ni=PR<%2<9EF<9;HGQ<D79<9PR7TDgC=<JD< }8:>vGQ<9;=798DV0~V=PR52V=8:<9CBDC=<9>0ex2<9;=<9PQD798 52U ;fC=< "

GQ<979798 52U ;C=<K52;=CBD>@<9J:<97%GQPR52EDx2;a<%U GQ8:7TD>91

$ (* "! ' ( "/ /
6<9EF52>a<9>vGIDi=J:<9798:C=5pV=PR<%8DEF<9;HGQ<6JD> <979ABD798:52;=<9>aC=<9J`wDEFV$5pNOJ:<97%GQPR52EDx2;a<%U GQ8:795B0<9;JD>-7952;=C=8:798:52;=<9>

E+DU >gx2<9;=<9PQDJ:<9>gV$52>R8:i=J:<9>91 NO>vGQ<b7952;"RA=;HGQ5C=<b<979ABD798:52;=<9>0uC=<9;=52EF8:;BDC=5NO79ABD798:52;=<9>WC=< jD a<9J:JW0
C=<9>R79PR8:i$<KGQ5C=52>\J:52>w<9;=52EF<9;=52>@<9J:<97%GQPR52EDx2;a<%U GQ8:7952>0=Dn;=832<9JeED79PR52>R7e52U V=8:795=1

)}130

|
)}1Z!Y
c~D>@PR<9JD798:52;=<9>\x2<9;=<9PQDJ:<9>@<9;HGQPR<LJ:52>w7TDEFV$52>\ED79PR52>R7e52U V=8:7952>@>R52;

)}1 M
0

)}1 _

l DPQDV$5C=<9P6PR<9>R52J32<9PJD>@<979ABD798:52;=<9>0 >R<LC=<9i$<p7952;=579<9PJD>@PR<9JD798:52;=<9>67952;=>vGQ83GQA}GQ83D>0<9;HGQPR<
<9;HGQPR< f 0=fg<9;HGQPR< f 1
c~D>\<979ABD798:52;=<9>6C=<pjD a<9J:Je<9;j<9J D72 U 5 0 0 | 0 | a>R52;
f 0

|
|
)}1Zk!
)}1 r
ON >vGID>h<979ABD798:52;=<9>p8:EFV=J:8:7TD;bJD< }8:>vGQ<9;=798DjC=< 52;=CBD>p<9J:<97%GQPR52EDx2;a<%U GQ8:7TD> 3 0A=<>R<V=PR52VBDxHD; <9;

<9JaD798:57952;2<9J:5798:CBDC g ' 1 l52Ph<9JwEF52EF<9;HGQ5B0GQ52EF<9EF52> F7952EF5A=;BDC=<%SB;=8:798 52U ; <9>
DU 798:J2<9P6A=<KGQ8:<9;=<LJD>\C=8:EF<9;=>R8:52;=<9>@C=<LA=;BDn2<9J:5798:CBDC S0=fgGQPQDGQ<9EF52>@C=<K52i}GQ<9;=<9P6A=;BDF<979ABD798 52U ;A=<
8:;H252J:A=79PR<6>R52JDEF<9;HGQ<6D 1OlDPQDLBD79<9P <9>vGQ5=UA J3GQ8:EFB5 0GQ52EF<9EF52>-<9JPR5GQ52POC=<6JD 3 <979ABD798 52U ;FC=<?DPQDCBDTf 3 0

O
7
)}1Z!

0 |H

0 |2z

emision t = 1t
recepcion t = 2t

?8:x2A=PQD}130!NOJV=A=;HGQ5C=<<9EF8:>R8 52U ;+f+PR<979<9V$798 52U ;C=<A=;BD52;=CBD<9>vGDU ;>R<9VBDPQDC=52>WV$52PA=;GQ8:<9EFV$5
-
0=<9;A=< F<9>@JDhC=8:>vGID;=798Dn<9;HGQPR<KJ:52>\V=A=;HGQ52>91

J:579ABDJeCBDV0
?8:;BDJ:EF<9;HGQ<U0}>R<KGQ8:<9;=<

'
0'
''

)}1 z
0 ' |
)}1
'
'
NO>vGIDh<9>wJDLJ:JDEDCBDK<979ABD798 52U ;C=<u52;=CBD>aVBDPQDp<9J 7TDEFV$5p<9J%<9U 7%GQPR8:795=1ONOJ 7TDEFV$5pEDx2;a<%U GQ8:795 >QDGQ8:>v)D79<
JDnEF8:>REDp<979ABD798 52U ;C=<K52;=CBD>91
0 ' |
'
)}130 |
'
'
NOJ~DJ:52P\C=< XY2 |2|2| E > S0PR<9V=PR<9>R<9;HGIDJDh2<9J:5798:CBDCC=<pV=PR52VBDxHD798 52U ;WC=<pJ:52>\PR<9;HGQ<9>C=<L52;=CBD
<9;PR<TDJ:8:CBDCg<9>6JD 3 2<9J:5798:CBDCWC=<)D>R< 3 1
DTf DPR8D>hV=PR<9x2A=;HGID>FA=<WA=;=5 >R<WV=A=<9C=<BD79<9P 0-fA=<PR<9>RV$52;=C=<9PR<9EF52>FD7952;HGQ8:;ABD798 52U ;1NO;
V=PR8:EF<9P@J:A=xHDP0 `g52U EF5F>R<LV=PR5C=A=79<LA=;BD52;=CBD<9J:<97%GQPR52EDx2;a<%U GQ8:7TD 21 c~DPR<9>RV=A=<9>vGIDED>@>R8:EFV=J:<<9>6A=<
iBD>vGIDnGQ<9;=<9P@7TDPRxHD>@<9;EF5 8:EF8:<9;HGQ5nD79<9J:<9PQDC=B5 0B57952PRPR8:<9;HGQ<9>@A=<KDPT U D;g<9;<9JGQ8:<9EFV$5=1
lDPQDKCBDP-A=;BDKC=<9>R79PR8:V$798 52U ;FEDGQ<9EDGQ8:7TDC=<9JV=PR579<9>R5LC=<6<9EF8:>R8 52U ;nC=<6A=;BDK52;=CBDK<9J:<97%GQPR52EDx2;=<%GQ8:7TVD 0
C=<9i$<9PR<9EF52>u52i}GQ<9;=<9PJ:52>67TDEFV$52>6<9J%<9U 7%GQPR8:795FfEDx2;a<%U GQ8:79B5 05i=8:<9;jJ:52>6V$5GQ<9;=798DJ:<9>6C=8:;@DU EF8:7952> 0 7

f 7
1 ui=>R<9PvDEF52> 0u<9;52PREDEhA}f >R8:EFV=J:U< 0A=< J:52>gV$5GQ<9;=798DJ:<9>WD;HGQ<9PR8:52PR<9>>QDGQ8:>v)D79<9;JD>
<979ABD798:52;=<9>6C=<K52;=CBDn>R8:x2A=8:<9;HGQ<9>
0 '
'
)}13020
'
'
'
0
'

)}130"!Y
' '
@<97952PRCBDEF52>@A=<K<9JeV$5GQ<9;=798DJ<9>vGIDGQ8:795 w>QDGQ8:>v)D79<
- _ / 2 , /
)}130 M

"
'
0 |2
à52EF5W<9U >vGQ<-V$5GQ<9;=798DJ2>QDGQ8:>v)D79<OA=;BD@<979ABD798 52U ;LC=83<9PR<9;=798DJ>R8:EF8:JDPD\JDw<979ABD798 52U ;LC=<-52;=CBD>0>RA=V$52;=<9EF52>
A=<@JD52PREDC=<9JBV$5GQ<9;=798DJ}<9>OGIDEhi=8:<9;h>R8:EF8:JDP91 DTfhA=;BD8:EFV$52PvGID;HGQ<aC=83<9PR<9;=798DV0HJDA=<@8:J:A=>vGQPQDEF52>
<9;JDnSBx2A=PQDV0$V=A=<9>79ABD;=C=5>R<pC=<%GQ<97%GIDA=;BDF52;=CBDF<9;<9JV=A=;HGQ5 0$<9;j<9J8:;=>vGID;HGQ<
S06<9U >vGIDAa<LU <9EF83GQ8:CBD
<9;<9J8:;=>vGID;HGQ<KD;HGQ<9PR8:52P
0=<9;WA=;WV=A=;HGQ5 0GIDJA=<

=
0}<9;WA=< F<9>\JDhC=8:>vGID;=798Dp<9;HGQPR<KJ:52>
V=A=;HGQ52>C=<K<9EF8:>R8 52U ;gfgPR<979<9V$798 52U ;1\o<LC=8:79<K<9;HGQ52;=79<9>A=<L<9J~V$5GQ<9;=798DJe<9>6PR<%GIDPRCBDC=5=1asu<K<9>vGID52PREVD 0
<9>R79PR8:i=8:EF52>
7
- _ /! 7
2 ,/
)}130T_
<9;jA=<

= / ! /
"1
6<9EF52>8:>vGQ5A=U< 0<9;JD> 952;BD>O>R8:;n7TDPRxHD>O;=8}7952PRPR8:<9;HGQ<9> 0JD> <979ABD798:52;=<9>OC=<6jD a<9J:J=7952;=C=A=79<9;D
JD> <979ABD798:52;=<9>-C=<\52;=CBD>OVBDPQDuJ:52> 7TDEFV$52> f 1ONO;JD> 952;BD>O<9;A=<\< }8:>vGQ<9;F7TDPRxHD>fh7952PRPR8:<9;HGQ<9> 0
<9>uEF<]R52P6i=A=>R7TDPJD>6<979ABD798:52;=<9>VBDPQDJ:52>6V$5GQ<9;=798DJ:<9>91@52EF<9EF52>@V=PR8:EF<9PR5<9JV$5GQ<9;=798DJ~EDx2;a<%U GQ8:795
0}fgPR<9<9EFV=JD TDEF52>w<9;JDnJ:<%fC=<L?DPQDCBDTf 0B52i}GQ<9;=8:<9;=C=5

%

)

su<9<9C=A=798:EF52>@<9;HGQ52;=79<9>6A=<

-|
)}130"k!

)}130 r
52EDEF52>@D=52PQDnJDh<979ABD798 52U ;VBDPQDn<9Je7TDEFV$5 0=fg52i}GQ<9;=<9EF52>
'
'
)}130"!

'
<9;=<9EF52>6<9;HGQ52;=79<9>6JDn>R8:x2A=8:<9;HGQ<<979ABD798 52U ;WVBDPQD<9JeV$5GQ<9;=798DJ 0
'

)}130 z
'

'
o<g8:EFV$52;=<FA=>RABDJ:EF<9;HGQ<JDjJ:JDEDCBDg7952;=C=8:798 52U ; C=<gce52PR<9;HG U-0 A=<g<9>vGIDi=J:<979<A=<gJDj7TD;HGQ8:CBDC <9;HGQPR<

VBDP<9U ;HGQ<9>R8:>6<9;jDJeJDC=5nC=<9PR<97I=5C=<KJDh<979ABD798 52U ;jD;HGQ<9PR8:52P\>R<LD;A=JDn8:Ca<9U ;HGQ8:7TDEF<9;HGQ<U0

|
)}130
à52;<9>vGQ5B-0 <9>hV$5GQ<9;=798DJ O0 >QDGQ8:>v)D79<JD<979ABD798 52U ;C=<52;=CBD>h79J DU >R8:7TDV 0 7952; A=<9;HGQ<9>0 A=<<9>R79PR8:i=8:EF52>
D;HGQ<9PR8:52PREF<9;HGQ<1 @<9<9EFV=JD TD;=C=5<9;JDJ:<%f C=<jKDA=>R>a0 >R<W52i}GQ8:<9;=<gGIDEhi=8:<9;JD<979ABD798 52U ;C=<W52;=CBD>
VBDPQD<9JV$5GQ<9;=798DJ 1 DTfA=<hBD79<9P;=5GIDPA=<U0 7952EF5>R<nC=8 R5FfHD<9;bEDx2;=<%GQ52>vGIDGQ8:7TDV$0 < }8:>vGQ<hA=;BD
DEhi=8:x2A=<9CBDC <9;JDC=<%SB;=8:798 52U ; C=<9JwV$5GQ<9;=798DJ O0 A=<V$<9PREF83GQ<8:EFV$52;=<9PLA=;BD7952;=C=8:798 52U ; C=< 3 xHDA=x2< 3
)

7952EF5JDn7952;=C=8:798 52U ;gC=<Lce52PR<9;HG 1

'
'

'
'
'

'

)}1ZY|
)}1ZY0
020 |

# / $ > '
46 ! (

/" ,4H)+( 6 ! ,H (

@<97952PRC=<9EF52>@A=<pD;HGQ<9PR8:52PREF<9;HGQ<>R<KC=<%SB;=8 5FU JD>\C=<9;=>R8:CBDC=<9>@C=<K<9;=<9PRxB U D

0
0

Y
Y
NO>V$52>R8:i=J:<KBDi=JDP\C=<p<9;=<9PRxB U D<9J:<97%GQPR52EDx2;a<%U GQ8:7TD ! NO>;BDGQA=PQDJe8:EDx28:;BDPwA=<pJDn7TD;HGQ8:CBDC <9>A=;
i=A=<9;j7TD;=C=8:CBDGQ5FD 3 C=<9;=>R8:CBDCC=<K<9;=<9PRx28Dn<9J:<97%GQPR52EDx2;=<%GQ8:7TD 3 0
0
W
)}1ZY2Y!
Y
lDPQD 2<9PA=<<9>vGID 7TD;HGQ8:CBDC^GQ8:<9;=<jV=PR52V=8:<9CBDC=<9>gDC=<979ABDCBD> 0@7TDJ:79A=J:<9EF52>FJDbDPR8D798 52U ;C=< >0\7952;
PR<9>RV$<97%GQ5DJ GQ8:<9EFV$B5 0
0
g
)}1ZYM

Y

@<9<9EFV=JD TD;=C=5JD>\<979ABD798:52;=<9>@C=<pjD a<9J:WJ 0=GQ<9;=<9EF52>
0
)}1ZY_
W

)

ui}GQ<9;=<9EF52>@<9;HGQ52;=79<9>

Y0
"
C=<LC=52;=C=<K>R<K7952;=79J:A}f2<LA=<

g
)}1ZY2k!
0

0 0 7
Y
Y
)}1ZYr
O
)}1ZY2!
NO>vGIDb<979ABD798 52U ;7952;=>vGQ83GQA}f2<<9JwiBDJD;=79<gC=<W<9;=<9PRxB U D<9J:<97%GQPR52EDx2;a<%U GQ8:7TDV0OV=A=<9>FPR<9JD798:52;BDjJDjDPR8D798 52U ;
GQ<9EFV$52PQDJ C=< 7952;W<9J BA"R5nC=<9J2<97%GQ52P\C=<Kl5 f;HGQ8:;=x 0}f7952;WJD> A=<9;HGQ<9>6C=<<9U >vGIDn<9;=<9PRxB U D
<9JG}<9U PREF8:;=5 1
&' (*! /(* (*! H) ( ! ,H (*!
c~Dg<979ABD798 52U ;C=<n52;=CBD>uGQ8:<9;=<h>R52J:A=798:52;=<9>C=<nJDF52PREDC=< 52;=CBD>A=<n>R<nC=<9>RV=JD TD;b>R8:;7TDEhi=8DPuC=<
52PRED 3 1 à52;=>R8:C=<9PR<9EF52>\V=PR8:EF<9PR5<9Je7TD>R5A=;=8:C=8:EF<9;=>R8:52;BDJW0 VBDPQDnA=;BDnA=;=798 52U ;
7
S0

)
0 ' g |
)}1ZYz

'
'
'

c~D>R52J:A=798 52U ;gx2<9;=<9PQDJeC=<K<9>vGID<979ABD798 52U ;<9>@C=<KJDh52PRED

7
-

7
)}1ZY
<9;A=<
f
>R52;gA=;=798:52;=<9>@DPRi=83GQPQDPR8D> " V$52Pw<9JEF52EF<9;HGQ5 " C=<
f
S0}f>R<KPR<9JD798:52;BD;7952;WJD>
7952;=C=8:798:52;=<9>@8:;=8:798DJ:<9> fgC=<Ki$52PRC=<KC=<9JeV=PR52i=J:<9ED}1

'
20 020
NOJH7TD>R56GQPR8:C=8:EF<9;=>R8:52;BDJ<9>EhA=7I=56ED>~PR8:795@<9;p>R52J:A=798:52;=<9>0V$52P~J:5@79ABDJ>B52U J:5@<9>vGQA=C=8DPR<9EF52>DJ:x2A=;BD>
C=<JD>aE+DU >a8:EFV$52PvGID;HGQ<9>91-o8 7952;=>R8:C=<9PQDEF52>wA=;BDh52;=CBDhA=<>R<uEhA=<%2<<9;WJDLC=8:PR<979798 52U ;gC=< / 0 /
0 ' g |
'
)}1 M2|
'
'
NO>@DU 798:J$2<9PR83SB7TDP@A=<L< }8:>vGQ<9;>R52J:A=798:52;=<9>@C=<KJDp52PRED
7
O

7
)}1 M}0
J:JDEDCBD> 3 52;=CBD>V=JD;BD> 3 0eV=A=<9> )D
u
<9J-DPRx2A=EF<9;HGQ5gV$<9PRED;=<979<7952;=>vGID;HGQ<VBDPQDGQ5C=52>J:52>
V=A=;HGQ52>@C=<9J V=JD;=5 /
=V$<9PRV$<9;=C=8:79A=JDPwD / 1-NO;W<9J7TD>R5nC=<J:52> 2<97%GQ52PR<9>@C=<7TDEFV$
5 0 0
JD>\52;=CBD>@V=JD;BD>\>R52;C=<KJDh52PRED
7
O
)}1 MH!Y
/

6;BD52;=CBDV=JD;BDh>R8:;A=>R528:CBDWJ 0}>R<L<9>R79PR8:i$<K<9;JDp52PREDh< }V$52;=<9;=798DJ
%

7
- 7
)}1 M2M

<9;jA=< (
a<9>6JD 3 )D>R< 3 C=<KJDh52;=CBD}1ao8e7952EFVBDPQDEF52>\JDp)D>R< 7952;JDp52PREDD;HGQ<9PR8:52P\C=<
JDn52;=CBDnV=JD;BVD 0}2<9EF52>@A=<L>R<KC=<9i$<K>QDGQ8:>v)D79<9P
)}1 M_
(

O ( / ! (
7
J:5A=<K8:EFV=J:8:7TDpJD>\PR<9JD798:52;=<9>
f gJDpPR<979A=<9;=798D}1
c~DnPR<9A=<9;=798DFD;=x2A=JDP Y (
Y 0B<9;A=< <9>6<9JeV$<9PT U 5C=5h
NOJ2<97%GQ52P@C=<52;=CBD (F ( / 0=<9>@8:;H2<9PR>QDEF<9;HGQ<KV=PR52V$52PR798:52;BDJ DnJDhJ:52;=x283GQA=CC=<K52;=CBD Y (
($1
c~Dn2<9J:5798:CBDC C=<)D>R< wC=<KJDn52;=CBVD 0 K
( $1
o<LV=A=<9C=<K<9>R79PR8:i=8:P 0=<9;W52PREDn<9A=83DJ:<9;HGQU< 0 / !
( !
O)
(
- Y
-

)}1 MH!k
NO; 52PRED DJ3GQ<9PR;BDGQ83D D JD>< }V$52;=<9;=798DJ:<9> 06>R<V=A=<9C=<GQPQDGIDPFGQ5C=5 U ;HGQ<9x2PQDEF<9;HGQ<j7952; A=;=798:52;=<9>
PR<TDJ:<9> 0e7952Ehi=8:;BD798:52;=<9>C=<n>R<9;=52>uf7952>R<9;=52>91pNOJGQPQDGIDEF8:<9;HGQ5<9>7952EFV=J:<%GIDEF<9;HGQ<p<9A=83DJ:<9;HGQU< 0V$<9PR5
J:52>K7eDU J:79A=J:52>K>R524; 0x2<9;=<9PQDJ:EF<9;HGQU< 0iBD>vGID;HGQ<ED>K<9;=x252PRPR52>R52> 0V$52PKJ:579ABDJ-;=52>R5GQPR52>KV=PR<%<9PR8:PR<9EF52>KJD
PR<9V=PR<9>R<9;HGID798 52U ;7952EFV=J:<]QD J:JDEDCBDhGIDEhi=8:<9;jPR<9V=PR<9>R<9;HGID798 52U ; 3 )D>R52PR8DJ 3 1@su<L<9>vGID52PREVD 0<9>R79PR8:i=8:PR< "
EF52>@J:52>w7TDEFV$52>\7952EFV=J:<]R52>
%

7
O
f
%
)}1 M2r

;=5g>R52;79ABDJ:<9>RA=8:<9PQVD 0e>R8:;=5A=<n<9>vGID;bPR<9JD798:52;BDC=52>7952EF5
-<9PR<9EF52>uA=<nJ:52>2<97%GQ52PR<9> 0 f (j
>R<n52i=>R<9PvDg<9;bJDFSBx2A=PQVD Te<9>vGQ5W<9> 052PRED;A=;GQPT U 552PvGQ52x252;BDJ 1NO;b<%<97%GQB5 T~<9;bA=;EF<9C=8:5J:8:;=<TDJ 7952;
|7 |
%

|
- ( | ( \|
)}1 MH!

020"Y

| - ( % | ( \|
)}1 M2z
- ( %
a (
%

-
l52Pw<9>vGIDpPQD e52U ;>R<uC=8:79<6A=<uJD> 52;=CBD>w<9J:<97%GQPR52EDx2;a<%U GQ8:7TD>->R52; 3 GQPQD;=>v2<9PR>QDJ:<9> 3 T=<9>vGQ5n<9> f >R52;
DJDhC=8:PR<979798 52U ;WC=<KV=PR52VBDxHD798 52U ; (
\ ( / 0 /
)}1 M2
c~D2<9J:5798:CBDCC=<nV=PR52VBDxHD798 52U ; 0
e0 PR<9>R<9PvDEF52> p 0
KVBDPQDJD2<9J:5798:CBDCC=<nJD
J:A u<9;W<9J$D72 U 5=1Osu<%SB;=8:EF52>a<9J U ;=C=8:79<C=<PR<%PQD79798 52U ; 3 0 / =0 7952EF5h<9J 79A=5798:<9;HGQ<<9;HGQPR<JDL2<9J:5798:CBDCC=<uJD
J:A K<9;<9JD72 U 5hfgJDh2<9J:5798:CBDCgC=<LJDhJ:A <9;<9JeEF<9C=8:5nEDGQ<9PR8DJW0

)

)}1 _H|
c~D=UA J3GQ8:EDPR<9JD798 52U ;F>R<6>R8:x2A=<6C=<9J$=<97I=5hA=<U0}VBDPQDGQ5C=52> J:52>-EDGQ<9PR8DJ:<9>O;=5L<9PRPR52EDx2;a<%U GQ8:7952>->R<@GQ8:<9;=<
T1-C=<9E+DU >0=>R<KGQ8:<9;=<A=< / 021
/
21
Z
!"!
' "! H(*"!

à52;=>R8:C=<9PQDEF52>KA=;BDg52;=CBDWV=JD;BDV0 EF52;=579PR52E+DU GQ8:7TDV0 A=<8:;=798:C=<n>R52i=PR<A=;BDW>RA=V$<9PvSB798:<V=JD;BDV0eA=<<9>
JD8:;HGQ<9Pv)D <9;HGQPR<gC=52>nEF<9C=8:52>pC=8:<9J%<9U 7%GQPR8:7952>91 NO>vGID52;=CBD>R<g7TDPQD7%GQ<9PR8 TDV$52Ph<9Ja2<97%GQ52PnC=<g52;=CBD ( % 1
ceJDEDEF52> 3 V=JD ;=5bC=<W8:;=798:C=<9;=798D 3 DJ\V=JD;=5x2<9;=<9PQDC=5 V$52Pn<9Jw2<97%GQ52P ( -0 f<9J\2<97%GQ52PF;=52PREDJ\DJD
8:;HGQ<9Pv)D U0 / ($1 su<gD79A=<9PRC=5bD<9>vGIDx2<952EF<%GQPT U DV 0 J:52>L2<97%GQ52PR<9>C=<7TDEFV$5>R<gC=<9>R7952EFV$52;=<9;<9;JD
52PREDn>R8:x2A=8:<9;HGQ<
%% / (
)}1 _=0
' ' % ' ' ' / ' (

, , , , , / , (
ce52>\2<97%GQ52PR<9>C=<K52;=CBDVB0 D>RAW2< U0 <9>vGID;CBDC=52>@V$52P
)}1 _Y!
( / & (

( ' / ' ' (
)}1 _HM

( , / , , (
)}1 _2_
)
&
)

ui=>R<9PvDEF52>\GIDEhi=8:<9;WA=<
"
'
/
c~D7952;=C=8:798:52;=<9>\C=<Ki$52PRC=<U0B<9;
|
#
7 a>R52;
# '#
'
(
('
/ '
' !
# '#

)}1 _k!
20 0 M
6>QDEF52>D=52PQDn<9>vGID>67952;=C=8:798:52;=<9>6VBDPQDn52i}GQ<9;=<9P6PR<9JD798:52;=<9>@<9;HGQPR<LJD>6DEFV=J:83GQA=C=<9>wfgJD>\)D>R<9>6C=<LJD>
52;=CBD>8:;=798:C=<9;HGQ<U0ePR<B<]QDCBDfGQPQD;=>REF83GQ8:CBD}1KlDPvGQ8:EF52>uA=>QD;=C=5WJD<979ABD798 52U ; S0JD79ABDJW0 79ABD;=C=5W>R<
<9>R79PR8:i$<KVBDPQD
|n;=52>@CBD
! % # ' ' % # , , % #
c~Dj8:x2ABDJ:CBDC D;HGQ<9PR8:52PL>B52U J:5V=A=<9C=<>R<9Ph>QDGQ8:>v<97IBVD 0OVBDPQDGQ5C=5jDJ:52PKC=<
f C=< S0 >R8a>R<GQ8:<9;=<JD>
8:x2ABDJ:CBDC=<9>
( / )
( / ' (, / ,7
)}1 _Hr
<9>6C=<9798:P 0
'7
)}1 _!
A=<L>R<K7952;=579<K7952EF5 3 ce<%fgC=< @< B< }8:52; 3 0=f
/ / / / 7
)}1 _Hz
,

'
'
7952;=5798:CBD7952EF5 3 ce<%f C=<o;=<9J:J 3 C=<gJDjPR<%PQD79798 52U ;1 NO>vGID>C=52>nPR<9JD798:52;=<9> 0$RA=;HGQ5b7952;<9Ja=<97I=5 A=<
A=;BDn52;=CBDh8D QDh<9;WJ U ;=<TDhPR<97%GIDn<9;WA=;WEF<9C=8:5n=52EF52x<9U ;=<9B5 0}7952;=>vGQ83GQA}f2<9;<9J A=;=CBDEF<9;HGQ5C=<JD52U V}GQ8:7TD
x2<952E<%U GQPR8:7TD}1O<9;=<9EF52> 0DC=<9E+DU >\JDnPR<9JD798 52U ;g<9;HGQPR<KJD>@DEFV=J:83GQA=C=<9>

)}1 _H
,
&

'
,

'
o8e8:EFV$52;=<9EF52>\D=52PQD # ' # 0=52i}GQ<9;=<9EF52>
/ / ' ' / , ,
)}1Zk|
465GQ<9EF52>@A=<LJD>\5GQPQD>@C=52>@7952;=C=8:798:52;=<9>@C=<Ki$52PRC=<K;=5DV$52PvGID4; 0=<9;<9>vGQ<L7TD>R5;=8:;=x2A=;BDn8:;}52PRED798 52U ;
DC=8:798:52;BDJ 1 c~Dn>R52J:A=798 52U ;WC=<K<9>vGID>6<979ABD798:52;=<9>@CBD

Y /
,

)}1Zk0

/
/

%

$

'

&
,
/ , ' / ,

' / , & / ,
'
)}1Zk2Y!
NO>vGID>nPR<9JD798:52;=<9>p>R<7952;=579<9;7952EF5 3 <979ABD798:52;=<9>nC=<g?BPR<9>R;=<9J 3 0f < }V=PR<9>QD;JD>LPR<9JD798:52;=<9>p<9;HGQPR<gJD>

DEFV=J:83GQA=C=<9>\C=<KJ:52>\7TDEFV$52>\<9J%<9U 7%GQPR8:7952>\C=<KJD>\52;=CBD>@8:;=798:C=<9;HGQ<U0=PR<B<]QDCBDnfGQPQD;=>REF83GQ8:CBD}1

&' (*!

/(* (*!" "'&!
&'&$& ,. H "!

"
à52;=>R8:C=<9PQDEF52>i=PR<%2<9EF<9;HGQ<j<9J@V=PR52i=J:<9EDC=<V=PR52VBDxHD798 52U ;C=<A=;BDb52;=CBDb<9;A=;ÊF<9C=8:57952;=C=A=7%GQ52P

=52EF52x<9U ;=<95=1-c~D>@<979ABD798:52;=<9>6C=<pjD a<9J:JW0

|7

20 0T_
C=<9i$<9;A=>QDPR>R<L<9;j7952;"RA=;HGQ57952;JD>@PR<9JD798:52;=<9> 3 7952;=>vGQ83GQA}GQ83D> 3 0BC=<LA=;j7952;=C=A=7%GQ52P 0 0
f 1
52EF<9EF52>FA=;BD 52;=CBD EF52;=579PR52E+DU GQ8:7TVD 0aC=<JDb52PRED ! % 0@<%GQ71 NO;HGQ52;=79<9>WJD VBDPvGQ<
<9>RVBD798DJeC=<KJDn52;=CBDn>QDGQ8:>v)D79<KJD>wPR<9JD798:52;=<9>

-

-
6;BD52;=CBDA=<K>R<KEhA=<%2<L<9;JDnC=8:PR<979798 52U ;
0B>QDGQ8:>v)D79<

O

A=<L>R<KPR<9C=A=79<pDJDh< }V=PR<9>R8:52;ED>\>R8:EFV=J:< GQ52ED;=C=5

-

'
l5C=<9EF52>@<9>R79PR8:i=8:P\<9;HGQ52;=79<9>
'
'

%

'
/ ' /
%
/ ' /
7952;

'
' 7
'

)}1ZkM
|

'
'
2 ' '

)}1Zk_
-
)}1Zk2k!

' 3 '

'2- / -

DEhi=8:<9;W>R<LV=A=<9C=<L>R<9VBDPQDP@JD>wVBDPvGQ<9>6PR<TDJ<K8:EDx28:;BDPR8DLC=< 0

-
)}1Zkr

Y0 Y0
0 '
)}1Zk2!
y

2Y
)}1Zkz
su<<9>vGIDpED;=<9PQDV0 >R<uV=A=<9C=<u<9>R79PR8:i=8:P 7952EF5pA=;BDp52;=CBDL>R8:;A=>R528:CBDWJ 0A=<8D QDKfF>R<DGQ<9;uBUA DK< }V$52;=<9; "
798DJ:EF<9;HGQ<<9;JDhC=8:PR<979798 52U ;
0
%

)}1Zk
PR<979A=<9;=798D>6iBD QD> 0 0=>R<KV=A=<9C=<pDV=PR5 }8:EDPwJDp)D>R<LD (
2Y 0=V=A=<9>

(
2Y T
)}1 r2|

J:579ABDJe>R8:x2;=83SB7TDhA=< <9>68:EDx28:;BDPR8:5LV=A=PR5=1 c~DnVBDPvGQ<K8:EDx28:;BDPR8DK<9>@<9;HGQ52;=79<9>
0

2Yu
)}1 r}0

c~DK7TD;HGQ8:CBDC L>R<@J:JDED 3 <9>RV$<9>R52P C=<@V=8:<9J 3 1lDPQD F0 |
0V$52PO<]R<9EFV=J:B5 02>R<\GQ8:<9;=< n 0 | 79E 1

( -,." ( " .,.(

à52;=>R8:C=<9PR<9EF52>@A=;BDFD;HGQ<9;BDnGQ8:V$5nC=8:V$52J:5B0}<9;A=<KJDn7952PRPR8:<9;HGQ<A=<L798:PR79A=JDhV$52P@JDnD;HGQ<9;BD<9>
(*'&(*"! '

020"k
!*
*
- /

)}1 rHY!
NOJe7TDEFV$5<9J%<9U 7%GQPR8:795<9>@<9JeC=<KA=;C=8:V$52J:5h<9J%<9U 7%GQPR8:79552>R798:JD;HGQ<U0=<9;A=<L<9JeEF52EF<9;HGQ5nC=8:V$52JDPw<9>

O
/

)}1 r2M
*

NOJeV$5GQ<9;=798DJPR<%GIDGIDPRCBDC=5 <9>

7
-
)}1 r_
_ I ' 7

<9;A=<p<9JC=8:V$52J:5F>R<p<%DJBUA D<9;<9J8:;=>vGID;HGQ<pPR<%GIDPRCBDC=5

"16ce52>7TDEFV$52>6C=8:>vGID;HGQ<9>
>R52; ( 1

( / / (

)}1 rHk!
( / / (

)}1 r2r
NO> A=;=CBDEF<9;HGIDJB52i=>R<9PvDP A=<<9>vGQ52> 7TDEFV$52>OGQ8:<9;=C=<9;DK79<9PR5pE+DU >-J:<9;HGIDEF<9;HGQ<@A=<<9J7TDEFV$5KC=<6A=;BD
7TDPRxHDnV=A=;HGQABDJ * 0}f7952;=>R83GQA}f2<9;J:52>w7TDEFV$52>\C=<PQDC=8D798 52U ;1-à52EF5n7952;=>R<9A=<9;=798DC=<K<9>vGQB5 0=<9J BA"R5C=<
<9;=<9PRxB U DA=<h<9>R7TDVBDC=<hA=;BD<9>v<9PQDC=<hPQDC=8:5DPRi=83GQPQDPR8:5F<9>>R8:<9EFV=PR<LSB;=83GID}16NOJ V=PR52EF<9C=8:5GQ<9EFV$52PQDJ
C=<9J a2<97%GQ52P@C=<Ll5 f;HGQ8:;=xF;=52>@CBD
(6' ' / ' 6
)}1 rH!
5
Y
'
-
020 r

"!$#&%'%(!*),+.-/%(0213!/465,%8794:!;%(79%(<=%(+>#&4:!*<?1@#&%(<1@A #&B9C(4:!D<EFA +,B9<=4:!D+,%(C(%(!&13-/B94:!*0213-&1G%(7C(),-/!/465,%'"79%(CH#&-/4@I
<?13J:+,%H#&B9!/<=4,K
LNMPOQL RTSNUWVX=Y"SNZ
"+.<?1@#&%(<1@A #&B9C[13!(\]794:!D^:%(CH#&4:-/%(!_!/%`5,%Ha2+,%(+C(4:<=4GC(B9%(-$#&4:!;%(+>#&%(!b13c,!$#&-&13CH#&4:!(\edf),%8!&1@#&B9!$gh13C(%(+
),+
C(4:+iI
j ),+>#&4=5,%_0,-/4:0,B9%(52135,%(!(K
kl7m13<=%(<=4:!on1_),+?C(4:+ j ),+>#&4p5,%D%(+>#&B952135,%(!Nqr^:%(CH#&4:-/%(!tsu\vdf),%;5,%(+,43#t13-/%(<=4:!wC(4:<=46y x \ zx \{| x \i%H#&C3K}\f~=
1=),+EC(),%(-/0]4
q%(+E%(7{!/%(+>#&B95,4?<?1@#&%(<1@A #&B9C(4fsu\vC()v~:4:!;%(79%(<=%(+>#&4:!D797m13<?13-/%(<=4:!%(!/C[137m13-/%(!`qC(4:+E%(79%(<=%(+>#&4:!
\2o\,%H#&CQsuK
1>si%N21`5,%Ha2+,B95,4`7m1p4:0]%(-&13C(BQ4:A +G5,%N!/),x <?1p5,%*^:%(CH#&4:-/%(!(\2%(!W5,%(C(B9-(\v0213-&1`C()21379df),B9%(-0213-5,%;^:%(CH#&4:-/%(!(\
%(7l-/%(!/),7}#t135,4=5,%_7m1`4:0]%(-&13C(BQ4:A +y*x zW | x \,%(+Pdf),%| x %(!D),+^:%(CH#&4:-(K
csPi%5,%Ha2+,%%(7W0,-/4i5,),CH#&4.0]4:-`),+%(!/C[137m13-(\o%(!'5,%(C(B9-(\o0213-&1
C()21379df),B9%(-Ey x df),%0]%(-$#&%(+,%(C(%E1.n=\o7m1
C[13+>#&B952135 y x #t13<`c,B9%(+0]%(-$#&%(+,%(C(%p1=n=K
7f0213-5,%wC(4:+ j ),+>#&4:!Wqn'\:psl!/%(-21DA ),+`%(!/0213C(B94^:%(CH#&4:-/Bm137f!/Bi!/%C(),<=0,79%(+b7m13!{!/B9J:),B9%(+>#&%(!0,-/4:0,B9%(52135,%(!(
Brs64:+,<`)v#t1@#&B}îB952135e;yNx zWx zx y x
B9Brs !/4iC(Bm1@#&B}îB952135eqty*x zx s | x y*x q zx | x s
B9B9Brs?*B9!$#&-/B9c,)v#&B}îB952135e qty*x zx s y*x zx
B}^,s6"79%(<=%(+>#&4'+,%()v#&-/4,NyNx x x y x y x
^,s"79%(<=%(+>#&4'B9+>^:%(-/!/4,Ny*x q'y x s x
"!_C(7m13-/4df),%=7m165,%Ha2+,B9C(BQ4:A +.521352113+>#&%(-/B94:-/<=%(+>#&%'%(!b!/),<?13<=%(+>#&%8J:%(+,%(-&137K "+7m16<?1[~:4:-[FA 165,%'7m13!
130,79B9C[13C(B94:+,%(!"%(+'g$A !/B9C[1v\:%(+=C[13<`c,B94N+,4b%(+,C(4:+>#&-&13<=4:!oC(4:+'),+21_5,%Ha2+,B9C(BQ4:A +'5,%W^:%(CH#&4:-/%(!df),%%(!1379J:4N<13A !
-/%(!$#&-/B9+,J:B9521v\20]4:-F<=43#&B}^:4:!df),%p!/%(-213A +EC(7m13-/4:!%(+E794=df),%p!/B9J:),%3K"+E%Hg%(CH#&4,\]0213-&1'+f),%(!$#&-/4:!;0,-/4:04:A !/B}#&4:!(\
%(7l%(!/0213C(B948^:%(CH#&4:-/Bm137l%(!$#t13-218A C(4:+,!$#&B}#&),B95,4'0]4:-W%(79%(<=%(+>#&4:!Wdf),%N#&B9%(+,%(+P),+218-/%(0,-/%(!/%(+>#t13C(BQ4:A +EJ:%(4:<%HA #&-/B9C[1
%(+P%(7l%(!/0213C(B94'#&-/B95,B9<=%(+,!/B94:+2137\>~Gdf),%3\5,%(!/5,%b79),%(J:4,\,-/%(0,-/%(!/%(+>#t13+EC[13+>#&B952135,%(!Wg$A !/B9C[13!<=%(5,B9c,79%(!(\,C(4:<=4
^:%H#&4:-/%(!*5,%b0]4:!/B9C(BQ4:A +e\v^:%(794iC(B952135,%(!(\2g),%(-/[13!(\]C[13<=0]4:!%(7HCHA #&-/B9C(4:!W~P<?13J:+%HA #&B9C(4:!(\,F %H#&C3K4:-D%(!$#&%b<=43#&B}^:4,\
:
:

!
~.0213-&1%(!$#t13c,79%(C(%(-p7m16C(4:+,%#"vBQ4:A +C(4:+ 7m13!_5,%Ha2+,B9C(B94:+,%(!b13+>#&%(-/B94:-/%(!(\+f),%(!$#&-/4 %(!/0213C(B94^:%(CH#&4:-/Bm137o!/%(-21PA %(7
%(!/0213C(B94'#&-/B95,B9<=%(+,!/B94:+213%7 $'&:\2%(+PC(4:+ j ),+>#&4=C(4:+P%(7lC(),%(-/0]4=5,%_794:!W+*),A <=%(-/4:!W-/%[1379%(!($ K
"7D%(!/0213C(B94#&-/B95,B9<=%(+,!/B94:+2137 $ & \W%(+>#&4:+,C(%(!(\%(!?),+%(!/0213C(B94^:%(A CH#&4:-/Bm137Dc21 j 4 794:!=+*),A <=%(-/4:!'-/%[1379%(!(\
df),%=#&B9%(+,%3\135,%(<13A !b),+21P0,-/4:0,B9%(52135g),+,5213<=%(+>#t137_#&B9%(+,%=),+21P< #&-/B9C[*1 )%(!p5,%(C(B9-(\1794:!_^:%(CH#&4:-/%(!`5,%(7
%(!/0213C(B94D#&-/B95,B9<=%(+,!/B94:+21372q%(+p135,%(7m13+>#&%3\3!/B9<=0,79%(<=%(+>#&%3\5,%(7f%(!/0213C(B94fse!/%w79%(!{0,),%(5,%13!/B9J:+213-l),+21D794:+,J:B}#&),5e
"7b%(!/0213C(B94g$FA !/B9C(4%(!P),+%(!/0213C(B94#&-/B95,B9<=%(+,!/B94:+2137*C(4:+ <%HA #&-/B9C[1vK"!$#t1<%HA #&-/B9C[1 %(!(\_!/B9<=0,79%(<=%(+>#&%3\
7m1
C(4:+,4iC(B9521
<%HA #&-/B9C[1 %(),C(79B95,%[13+21v\o794.C()2137!/B9J:+,B}a2C[1v\w!/B9<=0,79%(<=%(+>#&%3\odf),%7m1 794:+,J:B}#&),5 5,%),+^:%(CH#&4:C(4:-/-/%(!/0]4:+,5,%p1'+f),%(!$#&-&1'+,4iC(BQ4:A +%(79%(<=%(+>#t137e5,%_794:+,J:B}#&),5eK

NL MPO#+ , X6X=Y- S.0/1-0/`Z2,3/`YVSNZ4 /1.0/`Z

5D%(<=4:!5,B9Ct,4Ddf),%w%(7f%(!/0213C(B94g$F A !/B9C(4%(!{#&-/B95,B9<=%(+,!/B94:+2137Kl"!$#&4D!/B9J:+,B}a2C[1Wdf),%w#&4i521Wc213!/%w5,%(7f%(!/0213C(B94D5,%(c]%
#&%(+,%(-b#% ",13CH#t13<=%(+>#&'% 66^:%(CH#&4:-/%(!p79B9+,%[1379<=%(+>#&%`B9+,5,%(0]%(+,5,B9%(+>#&%(!(KGkl4P<13A !_),!/)2137\{%(+g B9A !/B9C[1v\l%(!b%(!/C(4:J:%(%(!$#&4:!#&-/%(!^:%(CH#&4:-/%(!5,%),+21D<?13+,%(-&1D%(!/0]%(C(Bm137{!/%w#&4:<?13+_#&-/%(!^:%(CH#&4:-/%(!"<`)v#&)213<=%(+>#&%w0]%(-/0]%(+,5,B9C(),7m13-/%(!(\
5,%;794:+,J:B}#&),5 K""!$#t1b%(79%(C(C(BQ4:A +=J>13-&13+>#&B9[1_df),%D794:!"^:%(CH#&4:-/%(!%(79%(J:B95,4:!"!/4:+?79B9+,%[1379<=%(+>#&%WB9+,5,%(0]%(+,5,B9%(+>#&%(!(\
~ df),%87m13!*C(4:<=0]4:+,%(+>#&%(!N5,%`794:!;^:%(CH#&4:-/%(!N#&B9%(+,%(+
),+21GB9+>#&%(-/0,-/%H#t13C(BQ4:A +
J:%(4:<%HA #&-/B9C[1?df),%8%(!N!/B9<=0,79%Gq%(!
5,%(C(B9-(\5,%E13C(),%(-/5,4C(4:+ +f),%(!$#&-&1B9+>#&),B9C(BQ4:A +suK"+ %Hg%(CH#&4,\w#&4i5,4
^:%(CH#&4:-.y x 5,%(7W%(!/0213C(B94g$FA !/B9C(4,\o0,),%(5,%
%(!/C(-/B9c,B9-/!/%_%(+P7m1`g4:-/<?1v
y x 8y 7'9: 8y ;%N9< 8y 7?9= >
%(+8df),%794:!+*),A <=%(-/4:!-/%[1379%(!Wq 8y 7>t8y ;@>ty A s{!/4:+`7m13!C(4:<=0]4:+,%(+>#&%(!C[13-$#&%(!/Bm13+213!5,%(7f^:%(CH#&4:-;y x \3~b794:!{^:%(CH#&4:-/%(!
),+,B}#t13-/B94:! B9: >?C9< >*9= g4:-/<?13+8),+21_c213!/%D5,%^:%(CH#&4:-/%(!w),+,B}#t13-/B94:!(K"!wC(4:!$#&),<`c,-/%W#t13<`c,B9%(+=13!/B9J:+213-"),+?4:-/5,%(+
16794:!*^:%(CH#&4:-/%(!b),+,B}#t13-/B94:!8q%(7df),%'!/%'21652135,46~>1>suEK D*C[13!/B94:+21379<=%(+>#&%3\eC()213+,5,46~>1!/%'216%(!$#t13c,79%(C(B95,4
),+216c213!/%3\lc213!$#t16%(+>#&4:+,C(%(!_5213-*7m13!*C(4:<=0]4:+,%(+>#&%(!N5,%(7^:%(CH#&4:-_-/%(!/0]%(CH#&4P1G5,B9Ct216c213!/%3\l0]4:-*794Gdf),%8!/%
0,),%(5,%b%(+>#&4:+,C(%(!;%(!/C(-/B9c,B9-(
y x q 8y 7>t8y ;@>ty A #s F
*%b%(!$#t1?<?13+,%(-&1v\7m1=!/),<?1=5,%b^:%(CH#&4:-/%(!*!/%p0,),%(5,%`%H^31379)213-g313A C(B979<=%(+>#&%_),!&13+,5,4G7m1'-/%(0,-/%(!/%(+>#t13C(BQ4:A +
5,%b794:!^:%(CH#&4:-/%(!;%(+P!/),!DC(4:<=0]4:+,%(+>#&%(!C[13-$#&%(!/Bm13<?13!(\,%(!5,%(C(B9-(\
| x yNx zWx q y87G'9: y8;%N9< yA?9= s q z 7'9: z ;%N9< z 79= s q y87 z 7 s D9= q y8;w z ; s N9< q yA z A s 9= F
"!$#&4=!/B9J:+,B}a2C[1v\v+21@#&),-&1379<=%(+>#&%3\,df),%b7m13!WC(4:<=0]4:+,%(+>#&%(!5,%(7e^:%(CH#&4:-'| x !/4:+
|H7 y87 z 7
H| ;
y8;w z ;
#| A
yA z A
*%(!/5,%8%(70,),+>#&4P5,%`îB9!$#t1GJ:%(4:<%HA #&-/B9C(4,\e%(!$#&4C(4:-/-/%(!/0]4:+,5,%'df),%'7m1?!/),<?165,%`^:%(CH#&4:-/%(!b!&1@#&B9!$gh13C(%`7m1
797m13<?13521p-/%(J:7m1`5,%(7{0213-&1379%(7QJ:A -&13<=4,K

(

:
NL MPO Y"X -

UWVX ZU!/
/`Y - S RTSNUWVX=Y"SNZ
"7]0,-/4i5,),CH#&4p%(!/C[137m13-w5,%^:%(CH#&4:-/%(!!/%;0,),%(5,%*5,%Ha2+,B9-w5,%D5,4:!<?13+,%(-&13!w%(df),B}^31379%(+>#&%(!(\i),+21b<?13+,%(-&1p1379J:%uI
c,-&13B9C[1v\]~E43#&-&1?J:%(4:<%HA #&-/B9C[1vK*4:<=%(+,[13-/%(<=4:!*C(4:+
7m1=<?13+,%(-&1?J:%(4:<%HA #&-/B9C[1v\]df),%p#&B9%(+,%p),+
!/B9J:+,B}a2C[135,4
B9+>#&),B}#&B}^:4,K
4:<=%(<=4:!5,4:!^:%(CH#&4:-/%(!*y x ~ zx \3~b797m13<=%(<=4:! 13713A +,J:),794;df),%%(79794:!{g4:-/<?13+eK"+>#&4:+,C(%(!(\f%(7i0,-/4i5,),CH#&4
%(!/C[137m13-%(+>#&-/%_5,B9Ct,4:!W^:%(CH#&4:-/%(!;%(!(
y x zWx / y x / / zx / | q s >

%(+ df),% / y x / ~ / zx / C(4:-/-/%(!/0]4:+,5,%(+.1=7m13!794:+,J:B}#&),5,%(!D5,%b794:!^:%(CH#&4:-/%(!?y x ~ zx \]-/%(!/0]%(CH#&B}^313<=%(+>#&%3K ;1@#&),-&137 I
<=%(+>#&%3\25,%(c]%bC(),<=0,79B9-/!/%*df),%
yx yx / yx / F

iBl),!&13<=4:!7m1`-/%(0,-/%(!/%(+>#t13C(BQ4:A +EC[13-$#&%(!/Bm13+21v\,!/%_#&B9%(+,%Ndf),%3
/ y x / y 7 y ; y A >
%(!"5,%(C(B9-(\:!/%!&1@#&B9!$gh13C(%%(7f#&%(4:-/%(<?1;5,%W"B}#13A J:4:-&13!(\3C(4:+,4iC(B95,4*5,%+f),%(!$#&-/4:!"%(!$#&),5,B94:!5,%J:%(4:<=%H# BmA 1D%(79%(<=%(+iI
#t137K +,5,),5213c,79%(<=%(+>#&%3\,7m1b5,%Ha2+,B9C(BQ4:A +G5,%(7 0,-/4i5,),CH#&4`%(!/C[137m13-5,%;^:%(CH#&4:-/%(!W0,),%(5,%N),!&13-/!/%*0213-&1p5,%Ha2+,B9-%(7
13A +,J:),794'%(+>#&-/%_5,4:!W^:%(CH#&4:-/%(!(\
yx xzx F
| q s
/ yx / / z /
*%p13C(),%(-/5,461=7m1'5,%Ha2+,B9C(BQ4:A +E5213521v\]%(!Dg313A C(B97e^:%(-*df),%p%(70,-/4i5,),CH#&4?%(!/C[137m13-D5,%p5,4:!D^:%(CH#&4:-/%(!*0,),%(5,%
#t13<`c,B9%(+5,%Ha2+,B9-/!/%_),!&13+,5,4?7m13!C(4:<=0]4:+,%(+>#&%(!DC[13-$#&%(!/Bm13+213!5,%_794:!^:%(CH#&4:-/%(!(\
y x zWx 8y 7 z 78y ; z ;wy A z A F

LNMPO Y"X -
UWVX RTSNUWVX=Y 4 /
i%*13C(4:!$#&),<`c,-&1p5,%Ha2+,B9-o#t13<`c,B9%(+=),+21p!/%(J:),+,521pC(7m13!/%D5,%;0,-/4i5,),CH#&4`%(+>#&-/%D^:%(CH#&4:-/%(!(\,C()v~:4`-/%(!/),7}#t13x5,4p%(!
%(!$#t16^:%(=),+
^:%(CH#&4:-(K=13-$#&B9-/%(<=4:!NC(4:+.7m1G5,%Ha2+,B9C(BQ4:A +.J:%(4:<%HA #&-/B9C[1G0,-/B9<=%(-/4,\e797m13<=%(<=4:!=| x y x z K'"7
0,-/4i5,),CH#&4.| x %(!W#t137edf),%3
BrsG"!0]%(-/0]%(+,5,B9C(),7m13-W137 0,7m13+,48J:%(+,%(-&135,4'0]4:-794:!^:%(CH#&4:-/%(!'y x ~ zx Kok{1`5,B9-/%(C(C(BQ4:A +6%(!7m1p521352180]4:-7m1
-/%(J:7m185,%_7m1`<?13+,4'5,%(-/%(Ct21vK
B9Brs / | x / / y x / / zx / q su\,%(+Pdf),% %(!%(7b13A +,J:),7948df),%_g4:-/<?13+6794:!^:%(CH#&4:-/%(!'y x ~ zx K
4:<=4'794:!^:%(CH#&4:-/%(!;),+,B}#t13-/B94:! B9: >?9< ~ 9= g4:-/<?13+6),+#&-[FA 484:-$#&4:+,4:-/<?137 5,%(-/%(Ct,4,\]!/%N#&B9%(+,%3
9= 9< 9= 9: 9= 9: 9=
9: 9<
x 9< 9< x 9= 9= x
9: 9:
*%N%(!$#t1'<?13+,%(-&1v\,0]4i5,%(<=4:!W%(!/C(-/B9c,B9-W%(7l0,-/4i5,),CH#&4=%(+>#&-/%_5,4:!W^:%(CH#&4:-/%(!;C()21379df),B9%(-&1`%(+E7m1pg4:-/<?1
3
5,4:+,5,%

y x zx z 7 y x '9: z ; y x N9< z A y x

!
?9= >
y x 9: 8y ; 9< 89: yA?9= 9: y8;%;9= yA?9<

y x 9< 8y 79: _9< yA?9= 9< y879= yA?9:
y x 9= y879: ;9= y8;%9< 9= y87G_9< y8;C9:
3),+>#t13+,5,4'#&4i5,4,\v#&%(+,%(<=4:!(
|H7 y8; z A yA z ;
H| ;
y A z 7 y87 z A
#| A 8
y 7 z ; y8; z 7
*% 13C(),%(-/5,4 1 7m13!=-/%(J:7m13!=5,% Cl13A 79C(),7945,% 5,%H#&%(-/<=B9+213+>#&%(!(\W%(!G0]4:!/B9c,79%P-/%(%(!/C(-/B9c,B9-?794:!=-/%(!/),7}#t135,4:!
13+>#&%(-/B94:-/%(!%(+P7m1`g4:-/<?1
| x yz yz yz

5;1[~ 1379J:),+213!6C(4:<`c,B9+213C(B94:+,%(!65,%.0,-/4i5,),CH#&4:!df),%!/4:+ B9+>#&%(-/%(!&13+>#&%(!(\N~ df),% 130213-/%(C(%(+ C(4:+ 1379J:),+21
g-/%(C(),%(+,C(Bm1`%(+6794:!wCl13A 79C(),794:!(\iC(4:<=4p0]4:-% j %(<=0,794p%(7]797m13<?135,4N#&-/B90,79%D0,-/4i5,),CH#&4`%(!/C[137m13-NqC(4:<=4p% j %(-/C(B9C(B94,\
5,%(<=4:!$#&-&13-7m1`B9J:)21379521356df),%_!/B9J:),%Qs

y x q zx | x s zx qty x | #s F
B9+21379<=%(+>#&%3\f%(7 #&-/B90,79%;0,-/4i5,),CH#&4`^:%(CH#&4:-/Bm137e130213-/%(C(%*#t13<`c,B9%(+GC(4:+6g-/%(C(),%(+,C(Bm1`5,%(<=4:!$#&-&13-7m1pB9J:)2137 I
52135Pdf),%b!/B9J:),%Qs
x y x q z x | x s qt
y x | x s zx qty x z sQ| x F
13-&1a2+21379B9[13-(\B9+,5,B9df),%(<=4:!=df),% 7m1 5,B}g%(-/%(+,C(Bm1%(+>#&-/% %(7;0,),+>#&45,%EîB9!$#t1 <?1@#&%(<1@A #&B9C(4.~g$A !/B9C(4
-/%(!/0]%(CH#&4
1P794:!N^:%(CH#&4:-/%(!`C(4:+,!/B9!$#&%=%(+df),%3\%(+g B9A !/B9C[1),!&13<=4:!b),+21P5,%Ha2+,B9C(BQ4:A + 1379J:4<13A !_-/%(!$#&-/B9+,J:F B9521v\
0,),%(!794:!^:%(CH#&4:-/%(!df),%D!/%DC(4:+,!/B95,%(-&13+'#&B9%(+,%(+=),+21b<=%(5,B9521=q%(),C(7 FA 5,%[1>suK13-&1_794:!^:%(CH#&4:-/%(!5,%(7%(!/0213C(B94,\
%(+>#&4:+,C(%(!(\]#% "vB9!$#&%b!/B9%(<=0,-/%_),+21'C[13+>#&B952135df),%b%(!DB9+>^313-/Bm13+>#&%Nc21 j 4'-/43#t13C(B94:+,%(!(\2df),%b%(!D7m1`794:+,J:B}#&),55,%(7
^:%(CH#&4:-(K 13<`c,B9%(+e\,~6<`)v~B9<=0]4:-$#t13+>#&%3\,7m13!W%(C()213C(B94:+,%(!g$FA !/B9C[13!df),%b%(!/C(-/B9c,B9<=4:!W!/4:+EB9+>^313-/Bm13+>#&%(!Wc21 j 4
%(!$#&%bJ:-/),0]4=5,%_-/43#t13C(B94:+,%( ! )25,B9Ct,4=%(+P43#&-&13!02137m13c,-&13!(\,),+21'B9J:)21379521356%(+>#&-/%_^:%(CH#&4:-/%(!;%(!DB9+,5,0]%(+,5,B9%(+>#&%
5,%(7{!/B9!$#&%(<?185,%_C(4i4:-/5,%(+2135213!)v#&B979B9[135213!(K
LNMPO V"Y"X=
Z 4[ZVS /`Z - S , X6X=Y - S .0/1-0/`Z

3),+>#&41E7m13!pC(4i4:-/5,%(+2135213!8C[13-$#&%(!/Bm13+213!(\"%(!`5,%6J:-&13+B9<=0]4:-$#t13+,C(Bm10]4i5,%(-`)v#&B979B9[13-_C(4i4:-/5,%(+2135213!`df),%
!/%[13+P7m13!<13A !W135,%(C()2135213!W0213-&1`%(7e0,-/4:c,79%(<?1pdf),%N!/%_5,%(!/%[18%(!$#&),5,Bm13-(Kok{1`C(4:+>^:%(+,B9%(+,C(Bm185,%N),+6#&B90]4`5,%
C(4i4:-/5,%(+2135213!!/4:c,-/%b43#&-/48îB9%(+,%_5,B9CH#t13521v\,+21@#&),-&1379<=%(+>#&%3\,0]4:-W7m1`J:%(4:<=%H#&-[FA 1`5,%(7l0,-/4:c,79%(<?1vK
4:+,!/B95,%(-&13<=4:!Wdf),%b+f),%(!$#&-/4=!/B9!$#&%(<?185,%bC(4i4:-/5,%(+2135213!Wg),+,5213<=%(+>#t137e!/4:+P7m13!WC(4i4:-/5,%(+2135213!C[13-$#&%uI
!/Bm13+213!(\l0]4:-*7946C()2137\eC()21379df),B9%(-*43#&-/4!/B9!$#&%(<?1G794G5,%Ha2+,B9-/%(<=4:!N0]4:-*!/),!_-/%(7m13C(B94:+,%(!*C(4:+ %(A !$#&%3K8 "vB9!$#&%(+
9:
87
7
9<
8;
;
9:
A
A
i

^313-/A B94:!!/B9!$#&%(<?13!df),%N!/4:+6C(4:+>^:%(+,B9%(+>#&%(!D0213-&1`5,B9!$#&B9+>#t13!130,79B9C[13C(B94:+,%(!(\i!/B9%(+,5,4'794:!!/B9!$#&%(<?13!%(!$gQ%(A -/B9C(4:!~
C(B97 B9+,5,-/B9C(4:!794:!W<13A !W)v#&B979B9[135,4:!0]4:-W+,4:!/43#&-/4:!pq21[~6<`),Ct,4:!D43#&-/4:!(\,df),%b+,4'<=%(+,C(B94:+213-/%(<=4:!ts

! G

!" #%$&
i%b5,%Ha2+,%(+E<=%(5,Bm13+>#&%N7m13!%(C()213C(B94:+,%(!
' | q)( s

' )q ( s
:
<
k{13!W-/%(7m13C(B94:+,%(!WB9+>^:%(-/!&13!D!/4:+
+-, )q (
'
= F
* :
</. :
:
=
"7 !/B9J:+,B}a2C[135,4pJ:%(4:<%HA #&-/B9C(4p5,%*%(!$#t13!C(4i4:-/5,%(+2135213!%(!!/B9<=0,79%3\f7m13!!/),0]%(-$a2C(B9%(!W5,%*-&135,B94pC(4:+,!$#t13+>#&%3\
'b10 q : ': s!/4:+=C(B979B9+,5,-/4:!C()v~:4b% j %C(4:B9+,C(B95,%C(4:+=%(7,% j % = )i7m13!!/),0]%(-$a2C(B9%(!o5,%E13A +,J:),792
4 (?C(4:+,!$#t13+>#&%3\
!/4:+ 0,7m13+,4:!Ndf),%=C(4:-$#t13+%(7"% j % = )~
7m13!N!/),0]%(-$a2C(B9%(!p5,% = C(4:+,!$#t13+>#&%=!/4:+0,7m13+,4:!N0]%(-/0]%(+,5,B9C(),7m13-/%(!b137
% j % = q0213-&1379%(794:!W137e0,7m13+,4 :C< suK
k{1`5,B9!$#t13+,C(Bm1`%(+>#&-/%N5,4:!0,),+>#&4:!W<`)v~G0,-2@4 A "vB9<=4:!%(+%(7e%(!/0213C(B94,\ 354 \,!/%N0,),%(5,%_C[1379C(),7m13-W1`0213-$#&B9-5,%
7m185,%Ha2+,B9C(BQ4:A +
354 3 : 3 < 3 = >
%(+Edf),%
3 : 6 : ' 3 ' 6 : 37( 6 : 3 = | )q ( s 3 ' ' )q ( s 37(
(
6
6
6 =
3 < 6 < 3 ' 6 < 37( 6 < 3 = )q ( s 3 ' ' | )q ( s 37(
'
(
6
6
6 =
3= 3=
*%N%(!$#t1'<?13+,%(-&1v\,!/%_4:cv#&B9%(+,%
354 3 ' ' 37( 3 =
8 %(4:<%HA #&-/B9C[13<=%(+>#&%3\e%(!$#&4P!/B9J:+,B}a2C[1Gdf),%3\{5,4:!N0,),+>#&4:!_!/%(0213-&135,4:!_-&135,Bm1379<=%(+>#&%p0]4:-N),+2165,B}g%(-/%(+,C(Bm1G5,%
C(4i4:-/5,%(+21352139! 3 ' %(!$#13A +1G),+21G5,B9!$#t13+,C(Bm:1 3 ' )l!/B7m13!*C(4i4:-/5,%(+2135213!N5,B}a2%(-/%(+
!24:A 794G%(+.),+13A +,J:),79;4 37({\ 7m1
5,B9!$#t13+,C(Bm1'%(! ' 37(B)2<=B9%(+>#&-&13!df),%p!/B7m13!C(4i4:-/5,%(+2135213!D5,B}a2%(-/%(+E!24:A 794=%(<+ 3 = 7m185,B9!$#t13+,C(Bm1'%(+>#&-/%p%(79794:!W%(!
3=K
*%.13C(),%(-/5,4 179413+>#&%(-/B94:-(\;%(7N%(79%(<=%(+>#&45,%
^:4:79),<=%(+e\;%(+ C(4i4:-/5,%(+2135213!C(B97 FA +,5,-/B9C[13!G!/%.0,),%(5,%
C[1379C(),7m13-WC(4:<=4
' 3 ' 37(>3 = F
3 , '_ =q 3 ' s(q ' 37( s(=q 3 = s
?%(!/0]%(CH#&4137%(79%(<=%(+>#&4%(!/C[137m13-=5,% 13A -/%[1!/4:c,-/% ),+<?13+>#&4 C(B97 B9A +,5,-/B9C(4
5,%E-&135,B9
4 @`\G%(A !$#&%E!/% C[1379C(),7m1
<`),7}#&B90,79B9C[13+,5,4*7m13!"794:+,J:B}#&),5,%(!"5,%794:!"5,%(!/0,7m13[13<=B9%(+>#&4:!o!/4:c,-/%7m1N!/),0]%(-$a2C(B9%DC(4:-/-/%(!/0]4:+,5,B9%(+>#&%3\i%(!o5,%(C(B937ACB @37(>3 =*>
=

<=B9%(+>#&-&13!Wdf),%b%(7l%(79%(<=%(+>#&4'5,% 13A -/%[18!/4:c,-/%b),+P0,7m13+,4 = | + \2!/%(-21 A
' 3 ' 37(BF
37A A

!
#%$&
k{13!C(4i4:-/5,%(+2135213!%(!$gQ%(A -/B9C[13!!/%b5,%Ha2+,%(+E5,%b13C(),%(-/5,4?187m13!W!/B9J:),B9%(+>#&%(!-/%(7m13C(B94:+,%(!
q
:s | q)( s
' q
:s )q ( s
' | q
:s
:
<
=
k{13!W-/%(7m13C(4:+,%(!B9+>^:%(-/!&13!D!/4:+e
+-, )q (
'
'

0
<
:
<
=
| q
:s * : = < = ='
8 %(4:<%HA #&-/B9C[13<=%(+>#&%3\v794:!P13A +,J:),794:!b
q > ( s5,%_7m13!WC(4i4:-/5,%(+2135213!%(!$gQ%(A -/B9C[13!C(4:-/-/%(!/0]4:+,5,%(+EC[13!/Bl%#",13CH#t1I
<=%(+>#&%b1'7m13!WC(4i4:-/5,%(+2135213!5,%_7m1@#&B}#&),5?~6794:+,J:B}#&),565,%Ha2+,B95213!!/4:c,-/%_7m18!/),0]%(-$a2C(B9%_5,%_7m1 WB9%(-/-&1vK
"7{%(79%(<=%(+>#&4?5,%p794:+,J:B}#&),5P!/%p0,),%(5,%pC[1379C(),7m13-5,%p7m1'<=B9!/<?18<?13+,%(-&1=df),%p!/%p,B9(4=0213-&1=%(7C[13!/4G5,%
7m13!WC(4i4:-/5,%(+2135213!C(B97 FA +,5,-/B9C[13!(\
3
<
6 : 3 ' 6 : 3
'
6 q
:s 6 q) ( s 3 '

|
6 < 3 ' 6 < 3
'

6 q
:s 6 q)( s 3 '

=
6 ' 3 ' 6 = 3
6 q
:s 3 ' 6 '
|

6 : 73 (
6 ' ( q
:s q)( s 3 :s '
| |

6 < 37(
(
6 ' q
:s q)( s 3 '
|
6 = 37(
6q
:( s 3
q
:s q)( s 37(
q
:s | q)( s 37(
*%N%(!$#t1'<?13+,%(-&1v\,%(7l%(79%(<=%(+>#&4'5,%_794:+,J:B}#&),56!/%_%#"v0,-/%(!&1?C(4:<=4
354 3 ' ' 3 q '
q :s/s 37(
4:+P%(!$#&4,\2%(7l%(79%(<=%(+>#&4'5,%N^:4:79),<=%(+!/%b0,),%(5,%_#% "v0,-/%(!&13-DC(4:<=4
3 , '_ ' 3 '
q : s 3 37(BF
"7l%(79%(<=%(+>#&4'5,% 13A -/%[1Pq%(!/C[137m13-tsu\2!/4:c,-/%_),+21'!/),0]%(-$a2C(B9%_5,%_%(!$gQ%(A -/B9C[1'5,%_-&135,B94
@ !/%(-21'A %(+>#&4:+,C(%(!
'
q : s 3 37(BF
37ACB

!

B
ZU!/
/`Y"SNZ RTSNUWVX=Y4 /
(SNZ
!
6
NL MPO ,3/ X=Z

D+C[13<=0]4 %(!/C[137m13-=C(4:-/-/%(!/0]4:+,5,% 1),+21 <?13J:+,B}#&),5g$F A !/B9C[1.df),%E-/%(df),B9%(-/%E!24:A 794 5,%E),+ +*),A <=%(-/4 0213-&1
!/)C[13-&13CH#&%(-/B9[13C(BQ4:A +eK6"!$#&4 0,),%(5,%?C(4:-/-/%(!/0]4:+,5,%(-(\0]4:-b% j %(<=0,794,\1P7m15,B9!$#&-/B9c,),C(BQ4:A +5,%'#&%(<=0]%(-&1@#&),-&13!
5,%(+>#&-/4P5,%'),+C(),%(-/0]4,\167m13!*0,-/%(!/B94:+,%(!_5,%(+>#&-/4P5,%'),+
2),B95,4,\l4P16),+.0]43#&%(+,C(Bm137%(79%(CH#&-/4:!$#1@A #&B9C(4,K D+
C[13<=0]4p^:%(CH#&4:-/Bm137\i%(+6C[13<`c,B94,\iC(4:-/-/%(!/0]4:+,5,%N1p),+21`<?13J:+,B}#&),5=g$FA !/B9C[1bdf),%*-/%(df),B9%(-/%*5,%;^313-/B94:!+*),A <=%(-/4:!
0213-&1'!/)P5,%(!/C(-/B90]C(C(BQ4:A +e\2C(4:<=480,),%(5,%b!/%(-),+PC[13<=0]4'5,%Ng),%(-/[13!J:-&1[îB}#t13C(B94:+21379%(!4'%(7H%(A CH#&-/B9C[13!(K
E1@#&%(<1@A #&B9C[13<=%(+>#&%3\ ),+.C[13<=0]46%(!/C[137m13-*%(!N),+21?g),+,C(BQ4:A + Nq(' x su\e%(!/C[137m13-(\eC()v~:4^313794:-;5,%(0]%(+,5,%'5,%(7
0,),+>#&4?5,%(7l%(!/0213C(B94'%(+Pdf),%b!/%_C(4:+,!/B95,%(-/%3\2~6df),%_%(!/C(-/B9c,B9<=4:!W%(+P7m1pg4:-/<?1
Nq(' x s Nq :B> <%>H= s >
%(+Edf),% ' x %(!D),+P^:%(CH#&4:-Ddf),%p-/%(0,-/%(!/%(+>#t1?7m180]4:!/B9C(BQ4:A +5,%(7{),+E0,),+>#&4?5,%b4:c,!/%(-$^313C(BQ4:A +P%(+E%(7{%(!/0213C(B94,\5,%
C(4i4:-/5,%(+2135213!pqC[13-$#&%(!/Bm13+213!ts_q :B> <%>H= suK
?%(C(4:-/5213<=4:!87m1
+,4iC(BQ4:A +5,%!/),0]%(-$a2C(B9%P%(df),B90]43#&%(+,C(Bm137\o5,%6^313794:
- [\df),%PC(4:-/-/%(!/0]4:+,5,%E13779),J>13J:%(4:<%HA #&-/B9C(4'5,%_794:!W0,),+>#&4:!df),%_#&B9%(+,%(+B9J:)2137e0]43#&%(+,C(Bm137\
Nq(' x s F
D+ % j %(<=0,794C(4:+,4iC(B95,4,\l~.0]4:-_794#t13+>#&4PB9+>#&),B}#&B}^:4,\{%(!b%(7o5,%=7m13!_C(),-$^313!b5,%=+,B}^:%(7o%(+ C[13-$#&4:J:-&1@g$F A 1v\
df),%`!/%`),!&1?0213-&1?0]4i5,%(-;-/%(0,-/%(!/%(+>#t13-*7m1'#&4:0]4:J:-&1@g$FA 185,%`),+21?-/%(J:BQ4:A +E%(+ ),+ <?13021=c,B95,B9<=%(+,!/B94:+2137K"+
%(!$#&%8C[13!/4,\l%(7C[13<=0]4G%(!/C[137m13-*df),%8C(4:-/-/%(!/0]4:+,5,%8%(!N%(7C[13<=0]4G5,%8137}#&),-&13! q :B> < su\]5,%8),+21G-/%(J:BQ4:A + 5,%
7m1?!/),0]%(-$a2C(B9%`5,%`7m1=#&B9%(-/-&1v\]%(+ g),+,C(BQ4:A + 5,%`7m1?0]4:!/B9C(BQ4:A +E5,%`0,),+>#&4:!N!/4:c,-/%`),+
0,7m13+,4
q0,-/4Q~:%(C(C(BQ4:A +suKpi%
#&-&1@#t1v\{%HîB95,%(+>#&%(<=%(+>#&%=5,%'),+C[13<=0]46%(!/C[137m13-N%(+%(7"%(!/0213C(B94Pc,B95,B9<=%(+,!/B94:+2137\]7m1137}#&),-&1G5,%'),+0,),+>#&4
%(!$#1=A 521352180]4:- = q :B> < suK

9%/
4:+,!/B95,%(-/%(<=4:!?),+C[13<=0]4 %(x!/C[137m13-(\Nq :B> <%>H= su\~#&4:<=%(<=4:!'5,4:!?0,),+>#&4:!?^:%(C(B9+,4:!(\5,%EC(4i4:-/5,%(+2135213!

' x q :B> <%>H= s'~ 'x p ' x 3 ' q/q :
3 : s > q <G 3 < s > q =8 3 = s/suKT1379C(),79%(<=4:!?7m1 ^313-/Bm13C(BQ4:A + df),%
%#"v0]%(-/B9<=%(+>#t1'%(7lC[13<=0]4'%(+>#&-/%_%(!$#&4:!D5,4:!0,),+>#&4:!W^:%(C(B9+,4:!
3 Nq(' x 3 x ' s
Nq(' x s 6 : 3 :8 6 < 3 <N 6 = 3 =
+,5,),5213c,79%(<=%(+>#&%3
\ 3%(!),+ %(!/C[137m13-(\~>1df),%.%(6 !67m15,B}g%(6 -/%(+,C(Bm1%(+>6 #&-/%.5,4:!6%(!/C[137m13-/%(!(\;~0,),%(5,%
%(!/C(-/B9c,B9-/!/%_%(+P7m1`g4:-/<?1v
3Nq(' x s x Nq(' x s 3' x >
%(+Gdf),%*,%(<=4:!w5,%Ha2+,B95,4p%(7]4:0]%(-&135,4:-w5,B}g%(-/%(+,C(Bm137 x \iC()v~>1`13C(C(BQ4:A +?!/4:c,-/%;),+GC[13<=0]4b%(!/C[137m13-w%(!$#1pA 5213521
0]4:x Nq(' x s 6 : '9: 6 < _9< 6 = 9= F
6
6
6
4:<=4P,%(<=4:!_5,B9Ct,4,\ 3%(!b),+ %(!/C[137m13-(\{~ 3' x %(!b),+^:%(CH#&4:-(\0]4:-_794#t13+>#&4,\7m16C[13+>#&B952135 x Nq(' x s
5,%(c]%_!/%(-),+6^:%(CH#&4:-(\0,),%(!!24:A 7m13<=%(+>#&%N%(7e0,-/4i5,),CH#&4'5,%_),+6^:%(CH#&4:-0]4:-W43#&-/4`^:%(CH#&4:-0,),%(5,%b!/%(-W%(!/C[137m13-(K
"7fJ:-&135,B9%(+>#&%o#&B9%(+,%1379J:),+213!0,-/4:0,B9%(52135,%(!B9+>#&%(-/%(!&13+>#&%( ! )f%(+`0,-/B9<=%(-l79),J>13-(\@!/%0,),%(5,%5,%(<=4:!$#&-&13-df),%
%(7fJ:-&135,B9%(+>#&%o5,%o),+21Wg),+,C(BQ4:A +_%(!/C[137m13-{%(+p),+b0,),+>#&4D52135,4,\e' x Q\ x Nq(' x Hsu\@%(!0]%(-/0]%(+,5,B9C(),7m13-{17m1!/),0]%(-$a2C(B9%

!

%(df),B90]43#&%(+,C(Bm137vdf),%0213!&1*0]4:-5,B9Ct,4N0,),+>#&4,K""+8%Hg%(CH#&4,\>C()213+,5,4NC(4:+,!/B95,%(-&13<=4:!5,%(!/0,7m13[13<=B9%(+>#&4:!!/4:c,-/%
7m18!/),0]%(-$a2C(B9%_%(df),B90]43#&%(+,C(Bm137\v!/%_#&B9%(+,9% 3 \,0]4:-W7948#t13+>#&4
3 x Nq(' x s 3'_x >
0]4:-w794_#t13+>#&4,\iC(4:<=4 3' x %(!0213-&1379%(794b1b7m1_!/),0]%(-$a2C(B9%3\v!/%;C(4:+,C(79)v~:%;df),% x Nq(' x s"%(!0]%(-/0]%(+,5,B9C(),7m13-1b%(797m1vK

<
9%/ !" #%$&
C#%$&
4i5,%(<=4:!b%#"i#&%(+,5,%(-_g313A C(B979<=%(+>#&%87m164:0]%(-&13C(BQ4:A +.5,%'J:-&135,B9%(+>#&%=1643#&-/4:!_!/B9!$#&%(<?13!_5,%=C(4i4:-/5,%(+2135213!(K?"+

%Hg%(CH#&4,\w#&4:<?13-/%(<=4:!`C(4:<=4.B95,%[1 C(%(+>#&-&137df),%7m1 ^313-/Bm13C(BQ4:A +df),%%#"v0]%(-/B9<=%(+>#t1.),+C[13<=0]4
%(!/C[137m13-8%(!
#t13<`c,B9%(+%(!/C[137m13-(\
3 x Nq(' x s 3' x F

{k 1%#"v0,-/%(!/BQ4:A + 31 x +>#&%(-/B94:-?0213-&13%(!6%(!/C[137m13-G% B9+>^313-/Bm13+>#&%3\W%(!$#&4!/B9J:+,B}a2C[1 df),%3\D!/B*%#"v0,-/%(!&13<=4:!6794:!

^:%(CH#&4:-/%(!3' x ~ %(+PC(4i4:-/5,%(+2135213!C(B97 FA +,5,-/B9C[13!(\f#&%(+,5,-/%(<=4:!
'x
'x
'x
3'_x 6 3 ' 6 6 3 = 3 ' ' 9 ' 37( ( 9 3 =?9= >
'
(
6
6
6 =
%(+Edf),%_!/%_21'5,%Ha2+,B95,4
' 9 | )q ( s 89: )q ( s C9< >
( 9 )q ( s '9: | )q ( s 9<
4:+P%(!$#&4,\2!/%N#&B9%(+,%
3 x Nq(' x s 3'_x 3 ' q x Ws ' 37(q x Ws 3 = q x Ws A F
"!$#&4?!/%_5,%(c]%_C(4:<=0213-&13-WC(4:+

3 6 ' 3 ' 6 37( 6 3 =*>
(
6
6
6 =
C(4:+P794'df),%_!/%b4:cv#&B9%(+,%3\
6 q x Ws
'
6
6
' q x Ws
(6
6 q x Ws A
6 =
B9+21379<=%(+>#&%3\
x Nq ' > ( >H= s 6 ' ' 9 ' 6 ( ( 9 6 = 9=
6

%

(

!
B
"7lC[13!/4=%(!$gQ%(A -/B9C(4=!/%N#&-&1@#t185,%_7m18<=B9!/<?1p<?13+,%(-&1v\,C(4:+,!/B95,%(-&13+,5,4
'_x '
q :s | )q ( s 89: '
q :s )q ( s N9< ' | q
:s 9= F
i%b0,),%(5,%N^:%(-g313A C(B979<=%(+>#&%*%(+>#&4:+,C(%(!Ddf),%
3'_x 3 ' ' 9 ' 3 9 '
q : s 37( ( 9 >
%(+Edf),%_794:!^:%(CH#&4:-/%(!D),+,B}#t13-/B94:!!/4:+
' 9
q :s | )q ( s 89:
q :s | )q ( s N9< |
q :s 9=
9 |
q :s | )q ( s `9: |
q :s | )q ( s 9<
q :s 9=
( 9 )q ( s '9: | )q ( s 9<
iB!/%8C(A 4:<=0,79%H#t1v\]0213-&1G7m13!;C(4i4:-/5,%(+2135213!N%(!$gQ%(A -/B9C[13!(\e%(70,-/4iC(%(5,B9<=B9%(+>#&4?)v#&B979B9[135,4?0213-&1?7m13!*C(4i4:-/5,%uI
+2135213!C(B979B B9+,5,-/B9C[13!(\i!/%_0,),%(5,%b7979%(J>13-137l-/%(!/),7}#t135,4'!/B9J:),B9%(+>#&%
x Nq ' > > ( s 6 ' ' 9 ' 6 9 ' q
:s 6 ( ( 9
6
6
6
LNMP
O B.GV S =Y /Ù 4EX . SNY /1- X=Y"SNZRTSNUWVX=Y 4 /
(SNZ
4:<=4;!/%w^:%(-21vA \:#% "vB9!$#&%),+21;-/%(7m13C(BQ4:A +bc213!$#t13+>#&%%(!$#&-/%(Ct21*%(+>#&-/%C(B9%(-$#t13!B9+>#&%(J:-&1379%(!l~p1379J:),+,4:!4:0]%(-&135,4:-/%(!
5,B}g%(-/%(+,C(Bm1379%(!pdf),%G!/%?5,%Ha2+,%(+1E0213-$#&B9-b5,%(7w4:0]%(-&135,4:-pJ:-&135,B9%(+>#&%3K D4P#&%(+,5,-/%(<=4:!p#&B9%(<=0]4P5,%?#&-&1@#t13%(!$#&4?%(+P5,%H#t137979%3\v5,%_<?13+,%(-&18df),%b+,4:!79B9<=B}#t13-/%(<=4:!18%(+>#&-/%(J>13-!/),!D5,%Ha2+,B9C(B94:+,%(!<?13!WC(4:+,4iC(B95213!bqdf),%
+,4=!/4:+P0213-$#&B9C(),7m13-/<=%(+>#&%*B9+>#&%(-/%(!&13+>#&%(!(\C(4:<=4'!/%N^:%(-21>A suK
4:<=%(+,[13-/%(<=4:!W5,B9!/C()v#&B9%(+,5,4'c,-/%H^:%(<=%(+>#&%p1379J:),+213!B95,%[13!5,%NB9+>#&%(J:-&13C(BQ4:A +eK D4'5,B9!/C()v#&B9-/%(<=4:!13df),B
13C(%(-/C[15,%87m13!;#v%(A C(+,B9C[13!N5,%8B9+>#&%(J:-&13C(BQ4:A +e\e!/B9+,46!24:A 7946C(4:+,C(%(0v#&4:!(K8kl4:!N% j %(<=0,794:!*df),%8!/%'5,%(!&13-/-/4:7979%(+
%(+
C(7m13!/%_5,%p61@A #&%(5,-&18~6% j %(-/C(B9C(B94:!W!/%(-$îB9-213A +PC(4:<=4'-/%(C(4:-/521@#&4:-/B9480,-213A CH#&B9C(4,K

5/ " %$%$ &
D4:!*B9+>#&%(-/%(!&1?C(4:+,!/B95,%(-&13-*13df)lA 7m1=B9+>#&%(J:-&137{5,%p7 A +,%[1'df),%`!/%`5,%Ha2+,%`%(+ <=%(Cl13A +,B9C[1=%(+ C(4:+,#% "vBQ4:A + C(4:+ 7m1

B95,%[185,%N#&-&13c21 j 4,K E1@#&%(<1@A #&B9C[13F <=%(+>#&%3\v!/%_#&B9%(+,%NF ),+PC[13<=0]48^:%(CH#&4:-/Bm137 'x \v~6!/%bC(4:+,!/B95,%(-&1'7m1`C[13+>#&B952135
"$&%('*) ?x q(' x s 3' x >
! #
%(+Edf),%_!/%_-/%(C(4:-/-/%b),+21`#&-&1[~:%(CH#&4:-/Bm,1 +"\,5,%(!/5,%b),+P0,),+>#&4 y 213!$#t1'),+P0,),+>#&4 z K
"+ J:%(+,%(-&137\!/B!/%P5,%(!/%[1 %H^31379)213-'),+21B9+>#&%(J:-&137W5,%P%(!$#&%P#&B90]4.%(+g4:-/<?1
5,B9-/%(CH#t1v\!/%P0,-/4iC(%(5,%E1
0213-&13<=%H#&-/B9[13-l7m1C(),-$^31v\3794df),%!/B9J:+,B}a2C[1Wdf),%!/%w%(!/C(-/B9c]%w),+21D#% "v0,-/%(!/BQ4:A +q4D#% "v0,-/%(!/B94:+,%(!ts{0213-&1D5,%(!/C(-/B9c,B97m1`g4:-/<?1`5,%_7m1`C(),-$^31v\2%(+P7m1`g4:-/<?1
'_x ' x .q - s >
%(+ df),/% -
%(!;),+E0213-213A <=%H#&-/4=#t137{df),%
' x ' x .q -0(su\~ ' x ' x .q -0su\]C(4:+E794=C()21377m1'B9+>#&%(J:-&137{!/%pC(4:+>îB9%(-$#&%
%(+E),+218B9+>#&%(J:-&137e),+,B95,B9<=%(+,!/B94:+2137 ),!/)2137\

!
"$&%('*) ?x q(' x s 3'_x #"% ?x q(' x q.- s/s 3' 3x .q - - s 3 -BF
"+
<`),Ct213!N4iC[13!/B94:+,%(!(\ C(4:<=4?^:%(-/%(<=4:!N%(+
%(7C(),-/ !/4,\l%(!*B9<=0]4:-$#t13+>#&%pC(4:+,!/B95,%(-&13-*),+21?B9+>#&%(J:-&1375,%
7 FA +,%[1`!/4:c,-/%b),+21`#&-&1[~:%(CH#&4:-/Bm1'C(%(-/-&13521v\
$ x
?q(' x s 3' x F
4:<=46!/%'!&13c]%3\l794:!*C[13<=0]4:!*0213-&1G794:!*C()21379%(!*#&4i521GB9+>#&%(J:-&137!/4:c,-/%8),+216C(),-$^316C(%(-/-&13521G!/%=13+f),7m1G!/4:+
797m13<?135,4:!C(4:+,!/%(-$^31@#&B}^:4:!(\2~60,-/%(!/%(+>#t13+E<`),Ct213!D0,-/4:0,B9%(52135,%(!B9+>#&%(-/%(!&13+>#&%(!(K
!

5/
9$ % 7
i%*C(4:+,!/B95,%(-&1`),+6C[13<=0]4b^:%(CH#&4:-/Bm137 ? x q(' x su\i~=!/%N5,%Ha2+,%*%(7
AC(4:<=487m18B9+>#&%(J:-&137
2) j 4`5,%(7 C[13<=0]4,\v1b#&-&1[ô%(A !W5,%*),+21p!/),0]%(-$a2C(B9%
'q)Aos # " ?x q(' x s 3 A x >

%(+df),%23 A x %(!W%(7e%(79%(<=%(+>#&4`^:%(CH#&4:-/Bm137 5,%N!/),0]%(-$a2C(B9%3\,df),%_%(!W),+6^:%(CH#&4:-W0]%(-/0]%(+,5,B9C(),7m13-W1`7m1p!/),0]%(-$a2C(B9%3\
C()v~>1<?13J:+,B}#&),x5
%(!N%(7"%(79%(<=%(+>#&465,%13A -/%[1vK'iB7m1?!/),0]%(-$a2C(B9%'%(!_C(%(-/-&13521v\l7m1GC(4:+>^:%(+,C(BQ4:A +),!/)2137"%(!Ndf),%
%(7 %(79%(<=%(+>#&4 3 A 130,),+>#t1p213C(Bm1p1@g),%(-&1p5,%(7^:4:79),<=%(+G%(+,C(%(-/-&135,480]4:-w7m1b!/),0]%(-$a2C(B9%3KwîB95,%(+>#&%(<=%(+>#&%3\,%(7
2) j 4=%(!),+P%(!/C[137m13-(K

$ %
k{1'5,B}^:%(-/J:%(+,C(Bm185,%_),+PC[13<=0]48^:%(CH#&4:-/Bm137 ?x q(' x s!/%_0,),%(5,%b5,%Ha2+,B9-C(4:<=48%(7l7 B9A <=B}#&%;!/B9J:),B9%(+>#&%3

3 x 4! " x 3 A x >
n
%(+'df),% " n %(!"),+'0]%(df),$% +,# 4N%(79%(<=%(+>#&4N5,%^:4:79),<=%(+8%(+8#&4:-/+,4_1*),+'0,),+>#&4,\>%(+,C(%(-/-&135,4_0]4:-7m1;!/),0]%(-$a2C(B9%
" AK
îB95,%(+>#&%(<=%(+>#&%3\7m165,B}^:%(-/J:%(+,C(Bm165,%(7"C[13<=0]4 x %(!b),+.C[13<=0]4%(!/C[137m13-(\{5,%Ha2+,B95,4%(+%(7"C(%(+>#&-/4E5,%
7m1 -/%(J:B94:+5,% B9+>#&%(J:-&13C(BQ4:A +eKk{1 5,%Ha2+,B9C(Bm1"4:A + 13+>#&%(-/B94:-=#&B9%(+,% 7m1.îB9-$#&),55,%
!/%(-GB9+,5,%(0]%(+,5,B9%H#&% 5,% 7m13!
C(4i4:-/5,%(+2135213!%(79%(J:B95213!(K
i%_0,),%(5,%b5,%(<=4:!$#&-&13-Wdf),%3\2%(+EC(4i4:-/5,%(+2135213!C[13-$#&%(!/Bm13+213!W!/%_#&B9%(+,%3

3 x x x 6 7 6 ; 6 A >
6 :
6 <
6 =
<=B9%(+>#&-&13!Wdf),%b%(+PC(4i4:-/5,%(+2135213!%(!$gQ%(A -/B9C[13!%(!(
3 x x x ' 6 ' q ' us '
6 q
q :s &%us ' 6 F
(

q
:s
q
:s
6

%

(

%

< /

!
B
:
$ %
"!$#&%%(!),+ #&%(4:-/%(<?1<`)v~ B9<=0]4:-$#t13+>#&%3\D5,%(c,B95,41 8 13),!/!(\;df),%%(!$#t13c,79%(C(%.df),%3\*c21 j 4C(4:+,5,B9C(B94:+,%(!

<?1@#&%(<1@A #&B9C[13<=%(+>#&%*-&13(4:+213c,79%(!bq5,B}g%(-/%(+,C(Bm13c,B979B952135su\
" x 9x 3 , 'b x 3 A x >
%(+df),%Pn %(!`),+ ^:4:79),<=%(+5,%(7%(!/0213C(B94qr#&-/B95,B9<=%(+,!/B94:+2 137rsu\{~ 6 n %(!87m1P!/),0]%(-$a2C(B9%6df),%679B9<=B}#t1P1E5,B I
Ct,4P^:4:79),<=%(+eKG*%?13C(),%(-/5,4 17m165,%Ha2+,B9C(BQ4:A +df),%?!/%=5,BQ4A 5,%=5,B}^:%(-/J:%(+,C(Bm1v\%(!$#&%?-/%(!/),7}#t135,4P+,4P-/%(!/),7}#t1
5,%(<?13!/Bm135,4'!/4:-/0,-/%(+,5,%(+>#&%3K
i %80,),%(5,%85,%Ha2+,B9-;%(7-/43#&4:-;5,%8),+
C[13<=0]4=^:%(CH#&4:-/Bm137%(+
),+21?g4:-/<?1?!/B9<=B97m13-1?7m1?5,%Ha2+,B9C(BQ4:A + 5,%`5,B}^:%(-I
J:%(+,C(Bm1v\
' + x 4! " 3 A x x F
n
D!&13+,5,4=%(!$#t1'5,%Ha2+,B9C(BQ4:A +e\,!/%_0,),%(5,%_^:%(-Ddf),%3\2%(+PC(4i4:-/5,%(+2135213!C[13-$#&%(!/Bm13+213!(\2!/%b4:cv#&B9%(+,%3
q ' + px s 7 6 < A 16 = ;
6
6
q ' + bx s ; 6 = 7 6 : A
6
6
'q + px s A 6 ; 6 7
:
<

/
"!$#&%_#&%(4:-/%(<?18%(!$#t13c,79%(C(%_),+21'-/%(7m13C(BQ4:A +6%(+>#&-/%bB9+21`B9+>#&J:-&137e5,%_7 FA +,%[1p~6),+21'5,%_!/),0]%(-$a2C(B9%3\

x x 3 Ax >
x 3'_x "

%(+ df),% A %(!),+21!/),0]%(-$a2C(B9%13c,B9%(-$#t1v\~ %(!7m1C(),%H^31C(%(-/-&13521 df),%79B9<=B}#t11 5,B9Ctx 21 !/),0]%(-$a2C(B9%3K
k{1E5,B9-/%(C(C(BQ4:A +5,%G-/%(C(4:-/-/B95,4E5,%G7m1PC(),-$^31
5,%H#&%(-/<=B9+21P7m1P4:-/B9%(+>#t13C(BQ4:A + 5,%(7w^:%(CH#&4:- 3 A\+,4:-/<?137w1E7m1
!/),0]%(-$a2C(B9%3K
D),%H^313<=%(+>#&%3\i5213521b7m1N5,%Ha2+,B9C(BQ4:A +=df),%;!/%D21b52135,4p5,%(74:0]%(-&135,4:-o-/43#&4:-(\f%(!$#&%D#&%(4:-/%(<?1_-/%(!/),7}#t1_),+21
C(4:+,!/%(C(),%(+,C(Bm1=c213!$#t13+>#&%b+21@#&),-&137K
N135,4df),%.#&4i5213!7m13!64:0]%(-&13C(B94:+,%(!5,%Ha2+,B95213!!/%0,),%(5,%(+ #% "v0,-/%(!&13-E%(+ #v%(A -/<=B9+,4:!65,%(7_4:0]%(-&135,4:J:-&135,B9%(+>#&%3\2%(+E135,%(7m13+>#&%_),!&13-/%(<=4:!W%(!&1'+,43#t13C(BQ4:A +%(+g4:-/<?1`#% "vC(79),!/B}^31v\2%(!5,%(C(B9-(\
3 x x x
x x
' + x
D;#&-&16B9J:)2137952135
B9<=0]4:-$#t13+>#&%`!/%=-/%(7m13C(B94:+21GC(4:+7m1GB9+>#&%(J:-&1375,%=7 F A +,%[1G5,%(7"J:-&135,B9%(+>#&%'5,%'),+C[13<=0]4
%(!/C[137m13-(\
" x Nq(' x s 3'_x " 3 Nq z s
Nq y #s F

/

9%/

%

!
"!B9<=0]4:-$#t13+>#&%D-/%(C[1379C[13-df),%N794:!4:0]%(-&135,4:-/%(!WJ:-&135,B9%(+>#&%3\v5,B}^:%(-/J:%(+,C(Bm1p~G-/43#&4:-(\v!/4:+4:0]%(-&135,4:-/%(!5,B}g%(-I
%(+,C(Bm1379%(!79B9+,%[1379%(!(\>794bdf),%;#&B9%(+,%DB9<=0]4:-$#t13+>#&%(!wC(4:+,!/%(C(),%(+,C(Bm13!0213-&1b7m13!w4:0]%(-&13C(B94:+,%(!wdf),%*!/%;-/%[1379B9[1_C(4:+
%(79794:!(K
k{1'!/B9J:),B9%(+>#&%b%(!D),+21=79B9!$#t185,%p0,-/4:0,B9%(52135,%(!DB9<=0]4:-$#t13+>#&%(!(\25,%(5,),C(B9c,79%(!#&4i5213!;1'0213-$#&B9-5,%bCl13A 79C(),794:!
5,B9-/%(CH#&4:!(\13),+,df),%b7m13c]4:-/B94:!/4:!%(+E1379J:),+,4:!C[13!/4:!(K
x x
x x x
x x
x q x px s Ex q x bx s x
x q _s q x Ws x
Ex q x x s q x ?x s x x q x x s q x ?x s x x q x px s
x q px s q x Ws x x x
x q x x s q x px s x q x x s x
x q px s q x Ws x x x
x q x x s q x x s x q x bx s x q x ?x s x q x ?x s x

l
{SNYoU [U (X X OL
S `YDX S L

%
i%D#&B9%(+,%),+?C(4:+,4,\f5,%*137}#&),-&1= ~'-&135,B94_c213!&137>@`Koi%D5,%Ha2+,%;),+?!/B9!$#&%(<?1_5,%DC(4i4:-/5,%(+2135213!wC[13-$#&%(!/Bm13+213!(\
L'L'OQL
4 4
+
C()v~:4N4:-/B9J:%(+`C(4:B9+,C(B95,%wC(4:+`%(7,130]%#"p5,%(7vC(4:+,4,\@~p%(7i% j % = C(4:B9+,C(B95,%C(4:+`%(7i% j %5,%(7iC(4:+,4,\:C(4:<=4;!/%<`),%(!$#&-&1

%(+E7m1pa2J:),-&1vK
1>s6*%H#&%(-/<=B9+,%3\,0]4:-WB9+>#&%(J:-&13C(BQ4:A +65,B9-/%(CH#t1v\2%(7e^:4:79),<=%(+5,%(7lC(4:+,4,K
cs*%H#&%(-/<=B9+,%b%(7%(79%(<=%(+>#&4G5,% 13A -/%[1=^:%(CH#&4:-/Bm137 3 A x q<?13J:+,B}#&),5~E5,B9-/%(C(C(BQ4:A +su\~E%(7`13A -/%[1?5,%(7<?13+>#&4
5,%(7lC(4:+,4,K

$ &
%

1>s6"7>^:4:79),<=%(+p5,%(7fC(4:+,4;!/%wC[1379C(),7m1<13A !lg313A C(B979<=%(+>#&%"%(+pC(4i4:-/5,%(+2135213!C(B97 FA +,5,-/B9C[13!(\C(4:+ '

$ %
n " 3 = " 7*;!#" 3 : 3 < # " 3 = " " 3 ' ' 37(BF
$
4:+P%(!$#&4,\2!/%b0,),%(5,%bB9+>#&%(J:-&13-0,-/B9<=%(-/48%(7b13A +,J:),794 ({\
$
n # " 3 = " '& ' 3 'N & " ' 3 =*>
-/%(%(<=0,7m13[13+,5,4 ' Q\
n & +-, q s " = 3 = & +-, q s )6 ( >
df),%b!/%_0,),%(5,%b#% "v0,-/%(!&13-DC(4:<=4
n & @6 F

=
+-,
q su\

88
@
(B
G !
!
B9J:),-&1 : K
cs"7{%(79%(<=%(+>#&4'5,%13A -/%[18!/%b0,),%(5,%bC[1379C(),7m13-WC(4:<=4'%(7l0,-/4i5,),CH#&4'^:%(CH#&4:-/Bm137l5,%_794:!5,%(!/0,7m13[13<=B9%(+>#&4:!
B9+,5,%(0]%(+,5,B9%(+>#&%(!D!/4:c,-/%_7m18!/),0]%(-$a2C(B9%3\2C(4:+13A +,J:),794'13(B9<`)v#t137 \
' q s 37( ( 9 3 3 ' ' 9 3 F
3 Ax
i%_4:cv#&B9%(+,%
' q s 3 ' 37( 9 >
3 Ax
5,4:+,5,% 9 q s 9 | q s(q | )q ( s 9 q s 9 suK ,4:-&1G0]4i5,%(<=4:!;C[1379C(),7m13-;%(7813A -/%[1 T5,%(7
<?13+>#&4'C(4:<=4'7m1`B9+>#&%(J:-&137

" ' q s 3 ' " % 37( & q s 3 & @F
df)lFA ,%(<=4:!W)v#&B979B9[135,4 3 .3| q su\v~ @ +-, q suK
" 37A
#

%

D+P0,7m13+,4,\,df),%_C(4:B9+,C(B95,%NC(4:+P%(7l0,7m13+,4
\v#&B9%(+,%NC[13-/J>1'5,B9!$#&-/B9c,),B9521p!/),0]%(-$a2C(Bm1379<=%(+>#&%3\2C(4:+P5,%(+,!/B952135
q :B> < s '& 3 : < 3 ( >

%(+Edf),% %(!D),+218C(4:+,!$#t13+>#&%b0]4:!/B}#&B}^31vK
1>s6*%H#&%(-/<=B9+,%N7m1`C[13-/J>1`#&43#t137eC(4:+>#&%(+,B9521'%(+P%(7l0,7m13+,4
cs"+,C(),%(+>#&-/%=%(7C[13<=0]4G%(7H%(A CH#&-/B9C(46df),%87m1?5,B9!$#&-/B9c,),C(BQ4:A +
13+>#&%(-/B94:-*0,-/4i5,),C(%8%(+.),+
0,),+>#&45,%8C(4i4:-I
5,%(+2135213!`q > > 3is
:C<
88 8

@

1 G
$ &
%

1>si%_0,B95,%_5,%H#&%(-/<=B9+213-7m18C[13-/J>1`#&43#t137e5,%(7l0,7m13+,4,\
3: 3<
"
q :B> < s 3 : 3 < "
"

'& 3 : < 3 ( F
13-&1'%H^31379)213-W%(!$#t1'B9+>#&%(J:-&137e),!&13<=4:!WC(4i4:-/5,%(+2135213!0]4:7m13-/%(!W0,7m13+213!bq ' > ( su\,%(+>#&4:+,C(%(!
'3'
'3'
%
"

"
37( "

' 3 3 ( F
'& ' 3 3 (
D43#t13<=4:!W5,%_B9+,<=%(5,Bm1@#&4`df),%b%(7lB9+>#&%(J:-&13+,5,4'!/%_0,),%(5,%b%(!/C(-/B9c,B9-WC(4:<=4,
' ' 3 3 ( 3 3 ' ' 3 3 >
C(4:+P%(!$#&4,\27m18B9+>#&%(J:-&137e%(!B9+,<=%(5,Bm1@#t1v\
' 3 3 3 F
" ' ' 3 3 ' 3 (
"+>#&4:+,C(%(!(\]7m1`C[13-/J>1`#&43#t137e%(!
F
3
cs"7lC[13<=0]4'%(7H%(A CH#&-/B9C(4'%(+P7m1`0]4:!/B9C(BQ4:A + > > 3isw!/%b0,),%(5,%b%(!/C(-/B9c,B9-WC(4:<=4,
" "
q : > < s(q = 9 : {9 9 s 3 : 3 < >
x
'x 'x (
&
5,4:+,5,%
'`x 3 9 \~ 'x : 9 < 9 K ?%(%(<=0,7m13[13+,5,4'#&4i5,4?%(!$#&4?%(+ 7m1'#% "v0,-/%(!/BQ4:A + 5,% ?x \2~P),!&13+,5,4
C(4i4:-/5,%(+2135213!0]4:7m13-/%(!W0,7m13+213!#&%(+,%(<=4:!
"
" % =q 3 9 ' | )q ( s 9l ' )q ( s 9 s 353 ' 37( F
x
&
'& ' 3 3 (
"!"B9+,<=%(5,Bm1@#&4D^:%(-"df),%W7m13!B9+>#&%(J:-&1379%(!13+,J:),7m13-/%(!!/%13+f),7m13+e\ % )q ( s 37( % | )q ( s 37( \
<=B9%(+>#&-&13!Wdf),% % 37( '& \,C(4:+P7948C()2137l!/%N#&B9%(+,%
'3'
3 9 "

x
& ' 3 3 ( >
%(+Pdf),%b%(7lB9+>#&%(J:-&13+,5,4'%(!),+21'5,%(-/B}^3135218#% ",13CH#t1v\20,),%(!
3 q'

3 s ' q' 3 s ( >
3'
0]4:-W7948#t13+>#&4,\
'
3 >
' 3 3 (
3 ' ' 3 3
%(+>#&4:+,C(%(!
" ' ' 3 ' 3 3 ' 3 3 3 3

(

a2+21379<=%(+>#&%3\2%(7lC[13<=0]48%(7H%(A CH#&-/B9C(4'%(!
9
x
& 3 (
6
L'L'O#+

88
{SNYoU [U (X X O

4 4
@
!
(B
G !
+
S Y4
- S L
%

i %=#&B9%(+,%'),+21^313-/B9797m1?5,%=7m13-/J:4 4 \C(4:+ C[13-/J>16#&43#t137 5,B9!$#&-/B9c,)lFA 5216),+,B}g4:-/<=%(<=%(+>#&%3\{5,B9!/0,),%(!$#t1E1794

7m13-/J:4
5,%(7% j %5,%7m13!`C(4i4:-/5,%(+2135213!8%(!/C(4:J:B95213!(\o~C()v~:40,),+>#&4.<=%(5,B94
C(4:B9+,C(B95,%GC(4:+%(7W4:-/B9J:%(+ 5,%
C(4i4:-/5,%(+2135213!(K
1>s6*%H#&%(-/<=B9+,%%(7v0]43#&%(+,C(Bm137i%(79%(CH#&-/4:!$#1@A #&B9C(4NnGq = su\:0213-&1*0,),+>#&4:!5,%4:c,!/%(-$^313C(BQ4:A +8),c,B9C[135,4:!1;794*7m13-/J:4
5,%(7l% j % bK
cs*%H#&%(-/<=B9+,%*#t13<`c,B9%(+7m1`C(4:<=0]4:+,%(+>#&%_5,%(7lC[13<=0]4'%(7H%(A CH#&-/B9C(4'1'79487m13-/J:485,%(7l% j % b\ A q = suK
z
carga Q
2l
y
x
B9J:),-&1 : K

$ &
%

1>s D!&13<=4:!B9+>#&%(J:-&13C(B94:+65,B9-/%(CH#t180213-&18C[1379C(),7m13-W%(7e0]43#&%(+,C(Bm137{nGq = su\

n?q = s & " ' x 3 ' x >
%(+Pdf),% 3 v
3 = \,C(4:+ 6 . q 4hsu\o'_x = 9 \,~'x , = 9 K %(+,%(<=4:!%(+>#&4:+,C(%(!(\
nGq = s & 4 " A A" " = 3 = = F
4:+,!/B95,%(-/%(<=4:!0,-/B9<=%(-/48%(7lC[13!/4=%(+Pdf),% = 4 \2%(+>#&4:+,C(%(! = = = = \,0]4:-794`#t13+>#&4
nGq = s & 4 " A A " " q = 3 = = s >
7m18B9+>#&%(J:-&13C(B94:+6%(!B9+,<=%(5,Bm1@#t1v\i~6521
nGq = s & 4 4 q = = s 3 & 4 4 q = 4hs 4 q =; 4hs 3 & 4 4 q ==; 44 s#F
@
88

1

!

686
D43#t13<=4:!Wdf),%3\!/B = 4 ]\ nGq = s%(!!/B9<%HA #&-/B9C(4,\v%(+>#&4:+,C(%(!D0]4i5,%(<=4:!W%(!/C(-/B9c,B9-(\20213-&1 = 4 \

nGq = s & 4 4 q == 44 s#F
13-&1 = 4Wq 4 = 4"s#&%(+,%(<=4:!
nGq = s & 4 " A A " " = 3 = = & 4 79B9< ." A = 3 = = " A! = 3 = = F
k{13!B9+>#&%(J:-&13C(B94:+,%(!W!/4:+P%(79%(<=%(+>#t1379%(!(\v~65213+P%(7l-/%(!/),7}#t135,4,
nGq = s & 4 79B9< 4 q = = s 3 A 4 q = = s 3 A! & 4 79B9< 4
q 3s 4 q=4 = s F
"!$#&%8-/%(!/),7}#t135,4G%(!*4:c>îBm13<=%(+>#&%p5,B}^:%(-/J:%(+>#&%3\e0213-&1 \ !/B9+ %(<`c213-/J:4G%(7C[13<=0]4?%(7H%(A CH#&-/B9C(4?!/%
0,),%(5,%bC[1379C(),7m13-(\vC(4:<=4'!/%N^:%(-21=A %(+P7m1`0213-$#&%?qcsuK
cs13-&1?C[1379C(),7m13-%(7C[13<=0]4=%(7H%(A CH#&-/B9C(4?%(+
%(7% j %pc213!$#t1?5,%(-/B}^313-D7m13!D#% "v0,-/%(!/B94:+,%(!*4:cv#&%(+,B95213!*13+>#&%(-/B I
4:-/<=%(+>#&%3\ A 3in . 3 = K4:+,!/B95,%(-&13+,5,4=%(+P0,-/B9<=%(-79),J>13-%(7lC[13!/4 = 4{#&%(+,%(<=4:!
4

3
, q = #s F

4 q = s
A
& 3 = = 4 & = 4 = 4
?%(4:-/5,%(+213+,5,4=),+P0]4iC(4,\,!/%b0,),%(5,%b%(!/C(-/B9c,B9-(\,0213-&1 = 4 \
, q = s
A
& @q = 4 s F
13-&1 = 4),!&13<=4:!N7m16#% "v0,-/%(!/B94:+13+>#&%(-/B94:-(\e#&4:<?13+,5,47m165,%(-/B}^31352113+>#&%(!b5,%(7"7 FA <=B}#&%3\ C(4:+794
C()2137l%(7e#v%(A -/<=B9+,46 4 q
3s+,4=C(4:+>#&-/B9c,)v~:%3Kw"7l-/%(!/),7}#t135,4=%(!%(+>#&4:+,C(%(!(\

A

%
& 4$q = = 4 s F
i %G#&B9%(+,%G),+ C(4:+,5,),CH#&4:-8%(!$gQ%(A -/B9C(4,\"5,%G-&135,B94 y \"-/4i5,%[135,4

0]4:-p),+21 5,B9!$#&-/B9c,),C(BQ4:A +5,%GC[13-/J>1E),+,B}g4:-/<=%3\
C(4:+,C]%(A +>#&-/B9C[1v\5,%_-&135,B94 z ~65,%(+,!/B952135]q(' x s QK
1>siB;%(7DC(4:+,5,),CH#&4:-?#&B9%(+,%EC[13-/J>1#&43#t137 \W5,%H#&%(-/<=B9+,%E%(7;C[13<=0]4 %(7H%(A CH#&-/B9C(4 ~%(7;0]43#&%(+,C(Bm137D%(79%(CuI
#&-/4:!$#1@A #&B9C(4'%(+#&4i5,4'%(7l%(!/0213C(B94,K
csPiBe%(7eC(4:+,5,),CH#&4:-W!/%_%(+,C(),%(+>#&-&1=1`0]43#&%(+,C(Bm137 C(%(-/4Eqh1`#&B9%(-/-&1>su\i%(+,C(),%(+>#&-/%b%(7eC[13<=0]48%(7H%(A CH#&-/B9C(4`~G%(7
0]43#&%(+,C(Bm137e%(79%(CH#&-/4:!$#1@A #&B9C(4'%(+#&4i5,4'%(7l%(!/0213C(B94,K
6

88
@
!
(B
G !

0

b

a

B9J:),-&1 : K 6v

$ &
%

1>s D !&13-/%(<=4:!;%(7 %(4:-/%(<?1?5,% 8 13),!/!;0213-&1?-/%(!/%(4:7}^:%(-*%(!$#&%`0,-/4:c,79%(<?1vKD43#t13<=4:!Ddf),%`%(70,-/4:c,79%(<?1

#&B9%(+,%b!/B9<=%H#&-[FA 1'%(!$gQ%(A -/B9C[1v\]C(4:+E794=C()2137%(7{C[13<=0]4=#&B9%(+,%b7m18g4:-/<?1
Gq(' x s Gq ' s ' 9 \%(+ df),% ' %(!;7m1
5,B9!$#t13+,C(Bm185,%(7lC(%(+>#&-/4=5,%_7m18%(!$g%(-&1=137e0,),+>#&4=5,%_4:c,!/%(-$^313C(BQ4:A +e\,~ ' 9 %(!D%(7e^:%(CH#&4:-),+,B}#t13-/B948-&135,Bm137K
4:<?13<=4:!?),+21!/),0]%(-$a2C(B9%
J>13),!/!/Bm13+21 %(!$gQ%(A -/B9C[15,% -&135,B94 ' \C(4:+,C]%(A +>#&-/B9C[1C(4:+ 7m13!G%(!$g%(-&13!65,%(7
0,-/4:c,79%(<?1v\v~G#&%(+,%(<=4:!
)q Aos
x
3 A x & ' Gq ' s
>
C(4:+P794'C()2137 #&%(+,%(<=4:!
Brs4:<=4'7m1`C[13-/J>18%(+,C(%(-/-&13521=%(! 0213-&1 ' y \ %(+P5,B9Ct218-/%(J:BQ4:A +eK
B9BrsG"+P7m1`-/%(J:BQ4:A + y ' z 7m18C[13-/J>18%(+,C(%(-/-&13521'%(!

)q Aos "
& q ' s ]q ' s 3 ' & q ' ( y ( s . 6 >
0]4:-W794`#t13+>#&4,\2%(7lC[13<=0]4'%(7H%(A CH#&-/B9C(48%(!
& q ' (o y (Hs . 6
w & y ( . 6
' F
Gq ' s
6
& '
& '
B9B9Brs B9+21379<=%(+>#&%3\,0213-&1 ' z \]7m1'C[13-/J>1'%(+,C(%(-/-&13521?%(! )q Aos & q z ( y (us . 6v\C(4:+E794
C()2137l4:cv#&%(+,%(<=4:!%(7lC[13<=0]4
& @q z (w y (Hs . 6
F
Gq ' s
& '
13-&1 4:cv#&%(+,%(-G%(7D0]43#&%(+,C(Bm137\c213!$#t1 B9+>#&%(J:-&13-=%(7;C[13<=0]4%(7H%(A CH#&-/B9C(4,K5;13-/%(<=4:!=%(!$#&4 0213-$#&B9%(+,5,4

5,%(!/5,%b7m18-/%(J:BQ4:A +6%#"i#&%(-/B94:-(\ ' z \
Brs7m13-&13<=%(+>#&%3\,!/%N#&B9%(+,%3\
nGq ' s & &@q z (w' y (us . 6 >
88
6
!/),0]4:+,B9%(+,5,4=df),%pnGq s q7948df),%p13+f),7m1`7m18C(4:+,!$#t13+>#&%b5,%_B9+>#&%(J:-&13C(BQ4:A +suK D43#&%(<=4:!Wdf),%
%(7l0]43#&%(+,C(Bm137e%(+ '_ z %(!pq),!&13-/%(<=4:!%(!$#&4=<13A !135,%(7m13+>#&%Qs
nGq z s & &@q z (wz y (Hs . 6 >
B9BrsG"+P7m1`-/%(J:BQ4:A + y ' z #&%(+,%(<=4:!
nGq ' s o && ' y ( . 6 ' | F
13-&18%H^31379)213- | ),!&13<=4: !W7m1`C(4:+,5,B9C(BQ4:A +6 5,%NC(4:+>#&B9+f),B9521355,%(7l0]43#&%(+,C(Bm137 %(+ '_ z \,%(!5,%(C(B9-(\
!/%_5,%(c]%_#&%(+,%(-;n?q 'b z s n?q 'b z su\,df),%b+,4:!52187m18-/%(7m13C(BQ4:A +
w & y ( . 6
& q z (w y (Hs . 6
z
F

|

& z
& z
4:+P%(!$#&4,\27m1`C(4:+,!$#t13+>#&% | df),%(521=5,%H#&%(-/<=B9+213521v\
| z F
B9B9Brs B9+21379<=%(+>#&%3\w^:%[13<=4:!?794 df),% 0213!&1 0213-&1%(+ ' y \W%(7D0]43#&%(+,C(Bm137%(+7m1!/),0]%(-$a2C(B9% 5,%(7
C(4:+,5,),CH#&4:-(\
n?q y s w && y y ( . 6 y N| w && y y ( . 6 y z & y @q z y s F
@

1

!

6
L'L'O
{SNYoU [U (X X O

+

4 4

88
@
!
(B
G !
S Y4
- S L
%

i %`#&B9%(+,%`),+
C(4:+,5,%(+,!&135,4:-N0,7m13+,4,\ C(4:+
0,7m13C[13!;5,%13A -/%[1 p\e!/%(0213-&135213!N0]4:-;7m1?5,B9!$#t13+,C(Bm1:32K_"+>#&-/%87m13!
0,7m13C[13!5,%(7C(4:+,5,%(+,!&135,4:-D!/%bC(4:794iC[1'),+P<?1@#&%(-/Bm137e5,B9%(7H%(A CH#&-/B9C(4'79B9+,%[137e%bB9!243A #&-/4:0]4,\,0]%(-/4=+,4?,7 4:<= 4:J%(A +,%(4,\
C(4:+),+21 C(4:+,!$#t13+>#&%{5,B9%(7H%(A CH#&-/B9C[1Gdf),%'5,%(0]%(+,5,%=5,%'7m1G0]4:!/B9C(BQ4:A +e\e%(+7m1?g4:-/<?1 q : s \l%(+df),%
y0,7m13%(!;C[18),B9+2+v1?g%(C(-/4:B94:+,-_!$#tqr13^:+>%(#&-W%3a2\ J: ),*-&%(1>!;suK7m1'i0]),0]%(-/4:<=+,J>B}#&18B}îdfB952),13%b57m1`5,5,B9%(B}7Hg%(%(A CH-/#&%(-/+,B9C[C(1'Bm185,5,%(%_7{^30]1343C:#&F%(A 4'+,C(~ Bm13: 7e%(%(+>!;#&7m-/1=%_5,7m13B9!$!W#t130,+,7m13C(C[Bm1'13!W-/%(%(!/!*0]n %([CHK#&461=7m1
1>s6*%H#&%(-/<=B9+,%N794:!WC[13<=0]4:! =x \ Ex \,~67m13!WC[13-/J>13!W5,%_0]4:7m13-/B9C[13C(BQ4:A +eK
cs*%H#&%(-/<=B9+,%*#t13<`c,B9%(+7m1`C[130213C(B9521355,%(7lC(4:+,5,%(+,!&135,4:-~6%(7l0]43#&%(+,C(Bm137e%(79%(CH#&-/4:!$#1@A #&B9C(4?n?q : suK
V
0
(x)
B9J:),-&1 : K

%
k{13!'%(C()213C(B94:+,%(!'5,%C[13<=0]4.!/4:+ x ~ x x K k{1
!/B9<=%H#&-/Bm1 5,%(70,-/4:c,79%(<?1 +,4:!'5,B9C(%

$ &
df),%80]4i5,%(<=4:!*!/),0]4:+,%(-Ndf),%879x4:!;C[13<=0]4:!;5,x%(0]%(+,5,%'!24:A 794G5,%87m1=C(4i4:-/5,%(+213521 : \l<=%(5,B9521?-/%(!/0]%(CH#&4P1?7m1

0,7m13C[1=x B9+vg%(-/B94:-W5,%p7m18a2J:),-&1v\
q : s 9/\ x Gq : s 9&KD4:+ %(!$#&4,\]!/%pC(),<=0,79%p13)v#&4:<1@A #&B9C[13<=%(+>#&%Ndf),%
x \e<=B9%(+>#&-&13!;df),%'7m1?%(C()213C(BQ4:A + B9<=0,79B9C[1 3 . 3 : \e%(!N5,%(C(B9-(\ | + F}K`4:+
%(!$#&4,\2#&%(+,%(<=4:!

Gq : s
y>
q: s
: .3C
0]4:-794`#t13+>#&4'0]4i5,%(<=4:!W5,%H#&%(-/<=B9+213-W%(7l0]43#&%(+,C(Bm137{n?q : su\2-/%(!/4:7}îB9%(+,5,4=7m1`%(C()213C(BQ4:A +
3in 7
>
3:
df),%_#&B9%(+,%N7m18!/4:79),C(BQ4:A +
n?q : s y 7 | + F >
%(+Edf),%_7m1`C(4:+>#t13+>#&%b!/%_5,%H#&%(-/<=B9+218B9<=0]4:+,B9%(+,5,4'nGq : s \,7948df),%b+,4:!521
| + F y F
@
88

1

B9+21379<=%(+>#&%3\
!

nGq : s y q 7 s#F
"7{^:%(CH#&4:-;5,%p0]4:7m13-/B9[13C(BQ4:A +6%(! x ?q : s 9/\]df),%p!/%p4:cv#&B9%(+,%b5,%p7m1'5,%Ha2+,B9C(BQ4:A +e\ x x =x \]0]4:7948#t13+>#&4,\,7m13!WC[13-/J>13!5,%_0]4:7m13-/B9[13C(BQ4:A +G!/4:+e
x q : 3is 9 T Gq : 3is $ K

q : 3is =
x q : s `q 9 s K

q : s =
x q : s x Gx q : s
7 K
q : s x ?
k{1pC[130213C(B952135?!/%*5,%H#&%(-/<=B9+21_g313A C(B979<=%(+>#&%D5,%;794:!-/%(!/),7}#t135,4:!13+>#&%(-/B94:-/%(!(\v0,),%(!7m1bC[13-/J>1p%(+G7m1b0,7m13C[1
!/),0]%(-/B94:-%(!
x C(43#q 9 s . p\,%(+>#&4iC(%(!
Nn

y q s >
~67m18C[130213C(B952135%(!
| y q s F

%
i%N#&B9%(+,%(+5,4:!C(4:+,5,%(+,!&135,4:-/%(!(\C(4:+PC[130213C(B952135,%(! ~ Ko"7lC(4:+,5,%(+,!&135,4:- !/%_%(+,C(),%(+>#&-&1=C[13-/J>135,4

C(4:+PC[13-/J>1 \,~6%(7l43#&-/4'!/%b%(+,C(),%(+>#&-&1=5,%(!/C[13-/J>135,4,| K i%_| C( 4:+,%(CH#t1=13<`c]4:!WC(4:+,5,| %( +,!&135,4:-/%(!;%(+P0213-&1379%(794,K
1>s6*%H#&%(-/<=B9+,%N7m13!WC[13-/J>13!a2+21379%(!%(+E13<`c]4:!WC(4:+,5,%(+,!&135,4:-/%(!(K
csPi),0]4:+,J>1bdf),%D%(7C(4:+,5,%(+,!&135,4:- | %(!0,7m13+,4,\>C(4:+?0,7m13C[13!o5,% 13A -/%[1 ~'!/%(0213-&13C(BQ4:A + 32\>~'!/%DB9+,!/%(-$#t1
),+21 0,7m13C[1.5,B9%(7H%(A CH#&-/B9C[1 q%(!/0]%(!/4:-:3is8%(+>#&-/%E7m13!=0,7m13C[13!=5,%E%(!$#&%EC(4:+,5,%(+,!&135,4:-(K *%H#&%(-/<=B9+,%7m13!
C[13-/J>13!N%(+13<`c]4:!;C(4:+,5,%(+,!&135,4:-/%(!(\%(+
g),+,C(BQ4:A +
5,%87m1?5,B9!$#t13+,C(Bm1 df),%'7m1?0,7m13C[1?5,B9%(7H%(A CH#&-/B9C[1?21
B9+,J:-/%(!&135,4=137lC(4:+,5,%(+,!&135,4:-(K
a

b
A = ab
B9J:),-&1 : K

C2

$ &
%

88
@
!
(B
G !
1>s6k{1'C[13-/J>1 !/%b-/%(0213-$#&%_%(+P794:!5,4:!C(4:+,5,%(+,!&135,4:-/%(!(\]5,%p13C(),%(-/5,4?1'7m18C(4:+,5,B9C(BQ4:A +df),%p13<`c]4:!W!/%

%(+,C(),%(+>#&-/%(+P137]<=B9!/<=4b0]43#&%(+,C(Bm137\ " n " n " n=\v%(+>#&4:+,C(%(! " n .3| \ " n .3| K
5,%(<13A !(\w7m1 C[13-/J>1E#&43#t137+,4.C[13<`c,Bm1v\"79),%(J:4 K?%(!/4:7}îB9%(+,5,4
%(!$#t13!'%(C()213C(B94:+,%(!
#&%(+,%(<=4:!

| . q | | s

| . q | | #s F

cs 7wB9+,!/%(-$#t13-b7m1P0,B9%([1P5,%?<?1@#&%(-/Bm137"5,B9%(7H%(A CH#&-/B9C(4,\7m1C[130213C(B952135 5,%(7wC(4:+,5,%(+,!&135,4:- | 5,%(0]%(+,5,%(-21 A
q%(+0,-/B9+,C(B90,B94fsp5,% \W%(+>#&4:+,C(%(!G!/%(-21 A | q suK 4i5,%(<=4:!=C(4:+,!/B95,%(-&13-?df),% | q s8C(4:-/-/%(!/0]4:+,5,% 1
7m1PC(4:+,#% "vBQ4:A + %(+ 0213-&1379%(794P5,%G5,4:!`C(4:+,5,%(+,!&135,4:-/%(!(\o),+,4 5,%GC[130213C(B952135 | z . 32\~ 43#&-/4 5,%
C[130213C(B952135 | q y s z . 32\2C(4:+P7948C()2137e#&%(+,%(<=4:!
| q s | | 3 q 3 Hs z F
4:+P%(!$#&4,\27m13!WC[13-/J>13!!/%_-/%(0213-$#&%(+P5,%p13C(),%(-/5,4?187m13!W#% "v0,-/%(!/B94:+,%(!D5,%_7m1`0213-$#&%?q y suK
88
L'L'O
@

{SNYoU [U (X X O
S =X S L
%

4 4

1
6
!
i%8#&B9%(+,%8),+.C(4:+,5,%(+,!&135,4:-b0,7m13+,4,\eC(4:+.0,7m13C[13!N5,% 13A -/%[1 p\l!/%(0213-&135213!_0]4:-N7m1G5,B9!$#t13+,C(Bm;1 32K8i),0]4:+,J>1

df),%p%(7{C(4:+,5,%(+,!&135,4:-D!/%bC[13-/J>1=1'7m185,B}g%(-/%(+,C(Bm1'5,%b0]43#&%(+,C(Bm137{n Q\20]4:-<=%(5,B94'5,%b),+21=c21@#&%(-[FA 1v\v~79),%(J:4
%(A !$#t1.!/%P-/%H#&B9-&1vK"+,!/%(J:),B9521!/%C(4:794iC[1
),+21.0,7m13C[1
C(4:+,5,),CH#&4:-&15,%%(!/0]%(!/4:- 32\%(+>#&-/%P7m13!80,7m13C[13!'5,%(7
C(4:+,5,%(+,!&135,4:-;C(4:<=4'!/%b<`),%(!$#&-&1=%(+P7m1à2J:),-&1vKWi%b0,B95,%_5,%H#&%(-/<=B9+213-W7m18%(+,%(-/J2FA 1'%(79%(CH#&-/4:!$#1@A #&B9C[1v\,%(+E794:!
C[13!/4:!Ddf),%_!/%bB9+,5,B9C[13+e
1>siBl7m180,7m13C[1p#&B9%(+,%_C[13-/J>18C(%(-/4,K
csPiBl7m180,7m13C[1p#&B9%(+,%_C[13-/J>1`#&43#t137 K
d2
d1
B9J:),-&1 : K

%
"7lC(4:+,5,%(+,!&135,4:-;135,df),B9%(-/%_),+21'C[13-/J>1 | n [\2%(+Pdf),% | . 23 K

$ &
1>s 27 B9+>#&-/4i5,),C(B9-7m1N0,7m13C[1N5,%(!/C[13-/J>13521v\f%(72!/B9!$#&%(<?1NC(4:-/-/%(!/0]4:+,5,%;1N5,4:!oC(4:+,5,%(+,!&135,4:-/%(!C(4:+,%(CH#t135,4:!
%(+
!/%(-/B9%3\ 5,%pC[130213C(B952135,%(! | . 3 ~ | . 3 \ C(4:+ 794?C()2137!/) C[130213C(B952135 %(dfB}^31379%(+>#&%
!/%(-21 A | \,%(+Pdf),%
3 3 3b >

| | |
%(+>#&4:+,C(%(!
| q=3_ s F
k{1'C[13-/J>185,%(7lC(4:+,5,%(+,!&135,4:-D+,4'C[13<`c,Bm1v\v0]4:-794`#t13+>#&4,\2!/)P%(+,%(-/J2FA 18%(!
| 8=q 3b 3 s/n F

88
@
!
(B
G !
cs 7 B9+>#&-/4i5,),C(B9-_7m1P0,7m13C[1PC[13-/J>13521v\%(7!/B9!$#&%(<?1P+,4 0,),%(5,%GC(4:+,!/B95,%(-&13-/!/%GC(4:<=4 ),+C(4:+,5,%(+,!&135,4:%(df),B}^31379%(+>#&%3\]0]4:-794=C()2137{21[~Pdf),%b5,%H#&%(-/<=B9+213-794:!C[13<=0]4:!~5,%(+,!/B952135,%(!;5,%pC[13-/J>1vKk{1=0,7m13C[1

B9+vg%(-/B94:-#&B9%(+,%C[13-/J>1N#&43#t137l Q\i7m1N0,7m13C[1NB9+>#&%(-/<=%(5,Bm1*#&B9%(+,%C[13-/J>1N#&43#t137 \f~'7m1N0,7m13C[1_!/),0]%(-/B94:#&B9%(+,%pC[13-/J>1=#&43#t137 [K*"!$#t13!NC[13-/J>13!;!/%`5,B9!$#&-/B9c,)v~:%(+ C(4:+
5,%(+,!/B952135,%(!
\
\
( \
\
~
\
-/%(!/0]%(CH#&B}^313<=%(+>#&%3K
4:-C(4:+,!/%(-$^313C(BQ4:A +P5,%_C[13-/J>18!/%_#&B9%(+,%3
q

s

q
(
s

q

s

4:-%(7e#&%(4:-/%(<?185,% 8 13),!/!!/%_#&B9%(+,%3
q

( s
q

s
q

s
F
D43#t13<=4:!Wdf),%b7m1),A 7}#&B9<?1p%(C()213C(BQ4:A ++,4=%(!DB9+,5,%(0]%(+,5,B9%(+>#&%_5,%_7m13!13+>#&%(-/B94:-/%(!(\25,%b<?13+,%(-&18df),%_!/%
+,%(C(%(!/B}#t1'43#&-&18%(C()213C(BQ4:A +eKw4:-!/B9<=%H#&-[FA 1b#&%(+,%(<=4:!

>
C(4:+P794'df),%N#&%(+,%(<=4:!7m1`!/4:79),C(BQ4:A +

.

w
.
(

.

.

.
D%(C(%(!/B}#t13<=4:!7m185,B}g%(-/%(+,C(Bm185,%_0]43#&+,%(C(Bm137e%(+>#&-/%b7m1`0,7m13C[18B9+vg%(-/B94:-~7m1`0,7m13C[18B9+>#&%(-/<=%(5,Bm1v\ " n \
~67m180,7m13C[1`!/),0]%(-/B94:-(\ " n \,#&%(+,%(<=4:!
" n
3 q
.
H s 3
" n
" n
3 q
.
H s 3 q
.
H s 3

k{1'%(+,%(-/J2FA 18!/%(-21'A %(+>#&4:+,C(%(!(\
" n " n >
@
88

1
%

!
D+EC(4:+,5,%(+,!&135,4:-D%(!$gQ%(A -/B9C(4,\2g4:-/<?135,4'0]4:-5,4:!%(!$g%(-&13!;C(4:+,5,),CH#&4:-&13!(\5,%b-&135,B94:! y ~ z \!/%bC[13-/J>1=1'),+21

5,B}g%(-/%(+,C(Bm1*5,%0]43#&%(+,C(Bm1372n [ K""+,!/%(J:),B9521v\:!/%WB9+>#&-/4i5,),C(%W%(+>#&-/%W7m13!%(!$g%(-&13!"),+'5,B9%(7H%(A CH#&-/B9C(4*7 FA df),B95,4,\@213!$#t1
7979%(+213-7m18<=B}#t13565,%(7e^:4:79),<=%(+B9+>#&%(-/B94:-(K
1>s6"+,C(),%(+>#&-/%p794:!WC[13<=0]4:! x ~ x %(+>#&-/%_7m13!W0,7m13C[13!WC(4:+,5,),CH#&4:-&13!(K
cs*%H#&%(-/<=B9+,%D%(7]C[13<`c,B94p%(+G7m1b%(+,%(-/J2FA 1b%(79%(CH#&-/4:!$#1@A #&B9C[1b5,%(7]!/B9!$#&%(<?1v\i5,%(c,B9521`1b7m1bB9+>#&-/4i5,),C(C(BQ4:A +?5,%(7
5,B9%(7H%(A CH#&-/B9C(4,K

b

a

B9J:),-&1 : K

$ &
%

"7wC(4:+,5,%(+,!&135,4:-`!/%?C[13-/J>1PC(4:+),+21PC[13-/J>1 n Q\%(+df),% & z q z suK 7oB9+>#&-/4i5,),C(B9%(7"5,B9%(7H%(A CH#&-/B9C(4,\*%(A !$#t1C[13-/J>160]%(-/<?13+,%(C(%'C(4:+,!$#t13+>#&%3\| 0]%(-/4PC[13<`c,x Bm13| +

794:!NC[13<=y 0]. 4:!(K'4:y -_7m1G!/B9<=%H#&-[FA 1G5,%(7
0,-/4:c,79%(<?1W%(7>C[13<=0]4W%(7H%(A CH#&-/B9C(4<?13+>#&B9%(+,%"!/)b!/B9<=%H#&-[FA 1%(!$gQ%(A -/B9C[1v\ Gq(' x s Gq ' s ' 9 \@%(+bdf),% ' %(!7m15,B9!$#t13+,C(Bm1
137lC(%(+>#&-/4=5,%_7m18%(!$g%(-&1vK
1>s""7C[13<=0]4 Gq ' s#&B9%(+,%D7m1Ng4:-/<?1 Gq ' s . ' \i%(+?df),% %(!),+21_C(4:+,!$#t13+>#&%3Kw"72^:%(CH#&4:- Tx #&B9%(+,%
7m1=g4:-/<?1 q ' s Gq ' s . N%(+
7m1=(4:+21GC(4:+E^313C:FA 4,\]~ q ' s Gq ' s . \ %(+
7m1=(4:+21GC(4:+
5,B9%(7H%(A CH#&-/B9C(4,K
k{1PC(4:+,!$#t13+>#&% !/%?0,),%(5,%G5,%H#&%(-/<=B9+213-_),!&13+,5,4 %(7"#&%(4:-/%(<?1P5,% 8 13),!/!(\0,),%(!6qr#&4:<?13+,5,4P),+21P%(!$g%(-&1
J>13),!/!/Bm13+2185,%b-&135,B94 y ' z s
x
3 A x '& q Hs F
4:+P%(!$#&4,\ . '& q HsuK
cs"7l0]43#&%(+,C(Bm137e%(!*n?q ' s . ' | + F}\,~67m185,B}g%(-/%(+,C(Bm185,%_0]43#&%(+,C(Bm137e%(!
s q s >
" n q
y z y z '& q Hs
C(4:+P794'C()2137\,7m1`C[130213C(B952135%(!
| '& q Hs z y z y q Hs | F

88 @ ! (B
G !

{k 1 %(+,%(-/J2A 1v\D%(+ m7 1+f),%H^31 C(4:+va2J:),-&13C(BQ4:A + %(! ` q su\D<=B9%(+>#&-&13!Gdf),%3\*%(+ 7m1C(4:+va2J:),-&13C(BQ4:A +
4:-/B9J:B9+2137 %(F ! . q | su\,0]4:-W794`#t13+>#&4,\2%(7lC[13<`c,B948%(+P7m1`. %(+,| %(-/J2FA 18%(!
q s qq w ss F
| |
|
88
L'L'O
@

{SNYoU [U (X X O
S =X S L
%

!

4 4

1
i %#&B9%(+,%(+85,4:!c21@#&%(-[FA 13!(\:5,%gK %3K <PK ~ ~p-/%(!/B9!$#&%(+,C(Bm1*B9+>#&%(-/+21 ' ~ ' -/%(!/0]%(CH#&B}^313<=%(+>#&%3\>C(4:+,%(CH#t135213!

%(+0213-&1379%(794,K`*%(<`),%(!$#&-/%8df),%=%(!$#t13!_c21@#&%(-[FA 13!*!/4:+%(df),B}^31379%(+>#&%(!b16),+216!/4:7m1Gc21@#&%(-[FA 1v\l5,%8gK %3K <PK _~
-/%(!/B9!$#&%(+,C(Bm1'B9+>#&%(-/+21 ' \,~6%(+,C(),%(+>#&-/%b794:!^313794:-/%(!W5,% D~ ' K
1
+-
r1
+-
B9J:),-&1 : K

$ &
%

13-&1E5,%(<=4:!$#&-&13-pdf),%G7m13!b5,4:!`c21@#&%(-[FA 13!b%(+ 0213-&1379%(794!/4:+ %(df),B}^31379%(+>#&%(!`1E),+21E!/4:7m1v\13J:-/%(J>13<=4:!b),+21

C[13-/J>1v\o5,%6-/%(!/B9!$#&%(+,C(Bm1 @`\"~ #&%(+,%(<=4:!8),+C(B9-/C(),B}#&4 df),%%(!8!/B9<=0,79%?5,%6-/%(!/4:7}^:%(-(K kl7m13<?13<=4:! 1 7m1
C(4:-/-/B9%(+>#&%?df),%=0213!&1E0]4:-_7m1c21@#&%(-[FA 1 \ 1P7m1C(4:-/-/B9%(+>#&%=df),%?0213!&1P0]4:-_7m1c21@#&%(-[FA 1 \%.17m1
C(4:-/-/B9%(+>#&%_df),%b0213!&180]4:-7m1`C[13-/J>1v\,%(+>#&4:+,C(%(!(\ 130,79B9C[13+,5,487m13!W79%H~:%(!5,% NB9-/Ct,,4 #&%(+,%(<=4:!(

@ p@
F
@ p@

4i5,%(<=4:!5,%(!/0]% j 13-7m13!WC(4:-/-/B9%(+>#&%(
! % \2%(+g),+,C(BQ4:A +5,% \
q @ vs

@
q @ vs F

@
,4:-&180]4i5,%(<=4:!WC[1379C(),7m13-7m18C(4:-/-/B9%(+>#&% \
q @ @ s q @ @ s @ CF

k{k{13<=%(<=4: ! @ @ @ . =q @ @ su\%(+>#&4:+,C(%(! . @ . @ . @ \%(+>#&4:+,C(%(!;0]4i5,%(<=4:!-/%(4:-/J>1I
+,B9[13-W7m18%(C()213C(BQ4:A +P13+>#&%(-/B94:-W%(+P7m1`g4:-/<?1
q @@ s q @ @ s >

<`),7}#&B90,79B9C[13+,5,4`0]4:-@ #&%(+,%(<=4:!(
@

88
!
(B
G !
=q @ @ s
=q @ @ ts
q=@ @ s F
,4:-&1'0]4i5,%(<=4:!WB95,%(+>#&B}a2C[13-W7m1pgK %3K <PK~67m18-/%(!/B9!$#&%(+,C(Bm18B9+>#&%(-/+218%(df),B}^31379%(+>#&%(!(\
=q @ @ s

=q @ @ s
@ @ F
' @
q=@ @ s

%
"+,C(),%(+>#&-/%=7m1?C(4:-/-/B9%(+>#&%8df),%
2)v~:%=1G#&-&1[ô%(A !N5,%87m1G-/%(!/B9!$#&%(+,C(Bm1;@ ,5 %(7C(B9-/C(),B}#&465,%`7m1?a2J:),-&1v\e%(+.df),%
7m13!*-/%(!/B9!$#&%(+,C(Bm13!N!/4:+ @ Q q su\&@ 3 q su\&@ ( 6 q s~ 794:*! 0]43#&%(+,C(Bm1379%(!;%(+.794:!*0,),+>#&4:!=q su\
q s~q 6>s!/4:+PB9J:)21379%(!W1=n Q qnpsu\]n qnpsu\,~Pn ( qpn suK
V1 = 10 (V)
(1)
I2
I1
(2)
R2
V2= 6 (V)
R3
R1
I3
B9J:),-&1 : K
V3= 5 (V)
(3)

$ &
%

13-&1E-/%(!/4:7}^:%(-`%(!$#&%?0,-/4:c,79%(<?1P%(!/C(-/B9c,B9<=4:!_7m13!b%(C()213C(B94:+,%(!`df),%?!/%G4:cv#&B9%(+,%(+5,%G130,79B9C[13-_7m1%(C()213C(BQ4:A +
g),+,5213<=%(+>#t137l5,%_C(B9-/C(),B}#&4:!(\,0213-&18),+P!/%(J:<=%(+>#&4=5,%_C(B9-/C(),B}#&4,\
n n z @ CF
%(+,%(<=4:!D%(+>#&4:+,C(%(!(\C(4:<=4'+,4'21[~6gK %3K <PK"%(+P794:!#&-&13<=4:!%(+EC(),%(!$#&BQ4:A +e\
n n @ @
n ( n @ ( ( @
n ( n @ ( ( @ F
D*c,!/%(-$^313<=4:!Ddf),%p7m1 ),A 7}#&B9<?1`%(C()213C(BQ4:A +P%(!;7m185,B}g%(-/%(+,C(Bm1'5,%b7m13!5,4:!D0,-/B9<=%(-&13!(\20]4:-D794'df),%p+,4?%(+>#&-/%(J>1
B9+vg4:-/<?13C(BQ4:A +GB9+,5,%(0]%(+,5,B9%(+>#&%3Kwk{13!C(4:-/-/B9%(+>#&%(!%(!$#13A +E-/%(7m13C(B94:+2135213!0]4: ( F
88
@

1
*%(!/0]% j 13<=4:! ( %(+g),+,C(BQ4:A +5,% % \

!

>
~=-/%(%(<=0,7m13[13<=4:!w%(!$#&4`%(+G7m13!w0,-/B9<=%(-&13!o5,4:!%(C()213C(B94:+,%(!5,%D^:4:7}#t1 j %(!NqC(4:+?),+GC[13<`c,B94p5,%;!/B9J:+,4bJ:794:c2137
5,%b0]4:-W<=%(5,B94fsu\
n n @ @
n n ( @ ( q s @ q=@ @ ( s @ (
,4:-&180]4i5,%(<=4:!W%(79B9<=B9+213-w7m18C(4:-/-/B9%(+>#&% \25,%(!/0]% j 13A +,5,4:7m185,%_7m13!W%(C()213C(B94:+,%(!D13+>#&%(-/B94:-/%(!(\
qn @ n s @ @

qn n ( s =q @ @ ( s F

@ (
@ (
"+>#&4:+,C(%(!#&%(+,%(<=4:!(
qn n s @ qn n ( s =q @ @ ( s >
@
@
@ (
@ (
~6-/%(4:-/5,%(+213+,5,4,
qn n s qn n ( s @ =q @ @ ( s >
@
@ (
@
@ (
<`),7}#&B90,79B9C[13+,5,4813,4:-&180]4:- @ @ ( \
=q @ @ ( @ @ @ @ ( s @ ( qn n s @ qn n ( s >
a2+21379<=%(+>#&%3\
=q @ ( qn n s @ qn n ( s/s

=q @ @ ( @ @ @ @ ( s
D!&13+,5,4=794:!^313794:-/%(!W52135,4:!(\
@ ( qn n s @ qn n ( s 6 q Q s 3 q Q s 3 n
@ @ ( @ @ @ @ ( Q 6 Q 3 3 6 :Q:
3 q Ns > q Ns

:Q:
L'L'O
{SNYoU [U (X X O
S
(X S L
%

@
!
(B
G !
4 4

88
.
i %W#&B9%(+,%W),+21NC(B9+>#t1*<`)v~`7m13-/J>1v\:5,%W%(!/0]%(!/4:-o5,%(!/0,-/%(C(Bm13c,79%W~`5,%D13+,Ct,4 y \>df),%7979%H^31*),+21NC(4:-/-/B9%(+>#&%#&43#t137
\25,B9!$#&-/B9c,)lFA 521`),+,B}g4:-/<=%(<=%(+>#&%*%(+P!/)P!/),0]%(-$a2C(B9%3K
1>s6"!/C(-/B9c21_7m13!o#% "v0,-/%(!/B94:+,%(!wdf),%D0]%(-/<=B}#&%(+'C[1379C(),7m13-"%(72C[13<=0]4_<?13J:+%HA #&B9C(4_0,-/4i5,),C(B95,4_0]4:-o7m1*C(B9+>#t1vK
csP1379C(),79%_13,4:-&187m13!WB9+>#&%(J:-&1379%(!W0213-&187m13!W5,4:!C(4:<=0]4:+,%(+>#&%(!+,4=+f),7m13!W5,%(7lC[13<=0]4 ?x K
z
y
x
B9J:),-&1 : K Q

$ &
%

-&1@#t13<=4:!b%(7w0,-/4:c,79%(<?1PC(4:<=4P),+21EC(4:-/-/B9%(+>#&%?!/),0]%(-$a2C(Bm137\%(+df),% .3y \0,),%(!`!/%?5,%(!/0,-/%(C(Bm1 %(7

%(!/0]%(!/4:-D5,%_7m18C(B9+>#t1vK D!&13<=4:!W7m185,%Ha2+,B9C(BQ4:A +5,%_C[13<=0]48<?13J:+%HA #&B9C(4,\

& " x 'x q(' x ' x ( 'x s 37A >
6x q(' x s
%(+ df),%=7m16C(4:-/-/B9%(+>#&%'!/),0]%(-$a2C(Bm137"%(! x 9 \{794:!N0,),+>#&4:!b5,%=7m1GC(B9+>#t1!/4:+'x q : > < >H= su\%(+df),%
: y \" < \e~ = ){794:!*0,),+>#&4:!_5,%(7"%(!/0213C(B946#&B9%(+,%(+.C(4i4:-/5,%(+2135213!P'Gx q :B> <%>H= s
C()21379df),B9%(-&1v\]~ %(7%(79%(<=%(+>#&4G5,%13A -/%[:1 37A e 3 : 3 < K_"-/4iC(%(5,%(<=4:!N1G%H^31379)213-;%(7B9+>#&%(J:-&13+,5,4G%(+
g4:-/<?1
!/B9!$#&%(<1@A #&B9C[1v\,C(4:<=%(+,[13+,5,4'0]4:-%(7l+f),<=%(-&135,4: x q(' x ' x s q : : s(q 9 s = 9 >
79),%(J:4'%(7l5,%(+,4:<=B9+2135,4:-%(!
' x ' x ( q : : s q < < s = 3 ( F
"+>#&4:+,C(%(!(\]%(7lC[13<=0]4'<?13J:+%HA #&B9C(4`îB9%(+,%_5,%H#&%(-/<=B9+2135,480]4:xq(' x s & " q q : s : q s(q 9 s s = 9 3 ( 3 : 3 < F

:
:
<
< =

88
@
1

1

k{13!C(4:<=0]4:+,%(+>#&%(!DC[13-$#&%(!/Bm13+213!W5,% x /! 4:+e

7 q :B> <%>H= s & " q s = 3 q : 3 < s 3 (
:
:
< < =

A q :B> <%>H= s & " q ` s q : q : s 3 : s 3 < 3 (
:
:
< < =
13-&1P%H^31379)213-_7m13!_B9+>#&%(J:-&1379%(!(\-/%[1379B9[13<=4:!N0,-/B9<=%(-/4P%(7oC[13<`c,B94P5,%'^313-/Bm13c,79%(!_!/B9<=0,79% - : : \
< < \vC(4:+P794'df),%_!/%N#&B9%(+,%3
s
7 :B> <%>H=

& " " 7 7 = 3 - " " -

& " " 7 7 ->3 - " " -
3
3 = 3 (
= 3 ( F
q s
"+E13<`c]4:!WC[13!/4:!21[~df),%_%H^31379)213-WB9+>#&%(J:-& 1379%(!W!/B9<=B97m13-/%(!
"
- 3 3 " = ( = F
"7>^313794:-l52135,4D!/%w4:cv#&B9%(+,%o5,%Ha2+,B9%(+,5,4 @ * - \@~N213C(B9%(+,5,4D%(7fC[13<`c,B945,%o^313-/Bm13c,79%(! @ +-, q
:su\
C(4:+E794'C()2137l794:!W7 FA <=B}#&%(!5,%_B9+>#&%(J:-&13C(BQ4:A + q > s= !/ %_#&-&13+,!$g4:-/<?13+%(+q & . > & . su\,~67m18B9+>#&%(J:-&137e%(!
%(79%(<=%(+>#t137Ko"+>#&4:+,C(%(!(\
A :B> <%>H=

%

q7 :B> <%>H= s '& " " 7 7

A q :B> <%>H= s '& " " 7 7

3-

->3 -
=
=
3F
D+`213w5,%0213-$#QA C(),7m13!{C[13-/J>135213!(\3df),%!/%<`),%H^:%(+`C(4:+b^:%(794iC(B952135 [\3%(+`7m15,B9-/%(C(C(BQ4:A +b5,%(7i% j % \30213!&1D!/B9+

5,%(!$îBm13-/!/%3\]1`#&-&1[F ô%(A !5,%_),+218-/%(J:BQ4:A +65,%(7l%(!/0213C(B94'%(+7m1`df),%_%#"vB9!$#&%(+PC[13<=0]4:!W%(7 %(CH#&-/B9C(4:!~G<?= 13J:+%HA #&B9C(4:!
%(!$#1@A #&B9C(4:!(\<`)v#&)213<=%(+>#&%80]%(-/0]%(+,5,B9C(),7m13-/%(!?q ~ 8suK?)213+,5,4P%(7"C[13<=0]4<?13J:+%HA #&B9C(46!/%'5,%(!/C(4:+,%(CH#t1v\
7m1`#&-&13[1'5,%(7l213b!/4:c,-/%_7m180213+>#t13797m1`!/%bC(4:-/-/%_),+21'5,B9!$#t13+,C(Bm1 " : KiBl!/%bC(4:+,4iC(%(+E7m13!W5,B9!$#t13+,C(Bm13! y ~ z
5,%b7m1pa2J:),-&1v\,5,%H#&%(-/<=B9+,%_%(7e^313794:-5,%(7lC(),4iC(B9%(+>#&% . 5,%b7m13!0213-$#QFA C(),7m13!(K
$ &
%
i %b!&13c]%_df),%b%(7lC[13<=0]4'%(7H%(A CH#&B9C(4=%(!$#1'A 5,B9-/B9J:B95,481'79487m13-/J:4'5,%(7l% j % : 5,%_7m1à2J:),-&1v\20,),%(!D7m13!W0213-$#QFA C(),7m13!

!/%;5,%(!$^ FA 13+G%(+G%(!&1b5,B9-/%(C(C(BQ4:A +e\iC()213+,5,x 4p%(7]C[13<=0]4b<?13J:+%HA #&B9C(4_%(!$#1À 13),!/%(+>#&%3Ki),0]4:+,%(<=4:!w%(+>#&4:+,C(%(!df),%
%(7lC[13<=0]4'%(7H%(A CH#&B9C(4'%(!5,%_7m1`g4:-/<?1 9 K
?%(!/0]%(CH#&4P137C[13<=0]4G<?13J:+%HA #&B9C(4,\D%(A !$#&%85,%(c]%p#&%(+,%(-N),+21G5,B9-/%(C(C(BQ4:A +E#t137df),%3\lC()213+,5,46%(!$#13A +13<`c]4:!
0,-/%(!/%(+>#&%(!W13<`c]4:!(\f7m13!o0213-$#QFA C(),7m13!"5,%(c]%(+?0213!&13-w!/B9+=5,%(!$îBm13-/!/%3Ko13-&1b%(!$#&4p%(!w+,%(C(%(!&13-/B94pdf),%D!/%DC(),<=0,7m1
df),%b7m1pg),%(-/[1'!/4:c,-/%b7m13!0213-$#QFA C(),7m13!W5,%(7l213_!/%[1'+f),7m1v\
x ,q x x 8x s#F

88
@
!
(B
G !
pantalla
x
region con E, B
z
y
b
region
sin campos
B9J:),-&1 : K :
i%*0,),%(5,%;^:%(-/B}a2C[13-g313A C(B979<=%(+>#&%df),% x 9 q{0]%(-/0]%(+,5,B9C(),7m13-1 =x \vC(4:<=4p!/%*B9+,5,B9C[1b%(+G%(7 %(+f),+,C(Bm135,4fs
%(!;135,%(C()2135,4,\20,),%(!
x ,q 8s 9 F
*%_%(!$#t1'<?13+,%(-&1v\,794:!WC[13<=0]4:!W%(!$#13A +P-/%(7m13C(B94:+2135,4:!(\
F
)213+,5,4.7m13!`0213-$#QFA C(),7m13!`B9+,J:-/%(!&13+C(4:+ ^:%(794iC(B952135 9 \o%(+13),!/%(+,C(Bm1.5,%6C[13<=0]4
<?13J:+%HA #&B9C(4,\"!/4:+
13C(%(79%(-&135213!80]4:-`%(7C[13<=0]4
%(7H%(A CH#&B9C(4,\"%(+7m1 -/%(J:BQ4:A + = y \w5,%65,4:+,5,%6%(<=%(-/J:%(+137C[13c]4.5,%6),+
#&B9%(<=0]4 + y7. Q\,C(4:+P),+21'0]%(df),%(+ 1=# 5,%(!$îBm13C(BQ4:A + ^:%(-$#&B9C[137 : \,~G^:%(794iC(B952135 x \

:
7
y .
7y .
F
"7W!/B9J:),B9%(+>#&%6#&-&13<=4
!/%P-/%[1379B9[1
1
^:%(794iC(B952135C(4:+,!$#t13+>#&%3\%(+),+#&B9%(<=0]4 + z . Q\%(+df),%P7m13!
0213-$#QFA C(),7m13!W7979%(J>13+187m1`0213+>#t13797m1v\vC(4:+P5,%(!$îBm13C(BQ4:A +6#&43#t137 " : \
" : : 7 + y . y z . F

*%N%(!$#t1'<?13+,%(-&1v\,4:cv#&%(+,%(<=4:!
" : F

y q y* z s
A
88
L'L'O

(1 G
,
XE.GV"Y"X
X OL
L + - S Y4
- S L
%
!

i %*#&B9%(+,%;5,4:!C[13!/C[13-/4:+,%(!%(!$gQ%(A -/B9C(4:!C(4:+,C]%(A +>#&-/B9C(4:!(\,5,%*-&135,B94:! ' ~ ' q ' ' suKo"7 C[13!/C[13-24:A +6%#"i#&%(-/B94:#&B9%(+,%_C[13-/J>1`#&43#t137 i\,~6%(7eC[13!/C[13-24:A +EB9+>#&%(-/B94:-!/%_%(+,C(),%(+>#&-&1?1'0]43#&%(+,C(Bm137eC(%(-/4Eq 18#&B9%(-/-&1 suK
1>s6*%H#&%(-/<=B9+,%b%(70]43#&%(+,C(Bm137%(79%(CH#&-/4:!$#1@A #&B9C(46n?q ' su\ %(+ #&4i5,4?%(7%(!/0213C(B94,KNi),0]4:+,J>1?df),%`%(7C[13!/C[13-24:A +
#% "i#&%(-/B94:-W#&B9%(+,%N),+PJ:-/4:!/4:-W5,%(!/0,-/%(C(Bm13c,79%3K
cs*%H#&%(-/<=B9+,%w7m1C[13-/J>1#&43#t137f5,%(7iC[13!/C[13-24:A +8B9+>#&%(-/B94:-(\%(+pg),+,C(BQ4:A +p5,%7m1C[13-/J>1D5,%(7iC[13!/C[13-24:A +`#% "i#&%(-/B94:-(K
carga q
r2
r1
B9J:),-&1 : K

$ &
%

7m13-&13<=%(+>#&%3\f%(720,-/4:c,79%(<?1*#&B9%(+,%!/B9<=%H#&-[FA 1*%(!$gQ%(A -/B9C[1v\f0]4:-o794N#t13+>#&4b%(720]43#&%(+,C(Bm137]n?q(' x s nGq ' su\>%(!w5,%(C(B9-(\

5,%(0]%(+,5,%p!/4:7m13<=%(+>#&%N5,%_7m1p^313-/Bm13c,79%*-&135,Bm137 ' \,~6+,4'5,%_7m13!^313-/Bm13c,79%(!W13+,J:),7m13-/%(!bq
> ( suK
"7l0]43#&%(+,C(Bm137{n?q ' su\,!/%b0,),%(5,%b%(!/C(-/B9c,B9-W%(+P7m1pg4:-/<?1
' '
nGq ' s ' ' '
' '
5D%(<=4:!l!/),0,),%(!$#&4Ddf),%o%(7:C[13!/C[13-24:A +b#% "i#&%(-/B94:-e%(!{<`)v~*5,%(79J>135,4,\[~*5,%(!/0,-/%(C(Bm13<=4:!l!/)_%(!/0]%(!/4:-(K"i),0]4:+,%(<=4:!(\
135,%(<13A !(\2df),%pnGq s \,794'C()2137eB9<=0,79B9C[1pdf),% K
0,79B9C[13<=4:!w13,4:-&1b7m13!wC(4:+,5,B9C(B94:+,%(!5,%;C(4:+>#&B9+f),B952135G5,%(7]0]43#&%(+,C(Bm137]%(+ '_ ' ~ 'b ' \i794pdf),%*+,4:!
521'7m13!W-/%(7m13C(B94:+,%(!

q : K s
& '
q : K s
& ' & ' F
3

88
@
*%N%(!$#t13!D%(C()213C(B94:+,%(!4:cv#&%(+,%(<=4:!(\
!
(B
G !
& '
q : K 6>s

' q ' ' s#F

q : K s

137}#t15,%H#&%(-/<=B9+213- \794WC()2137>!/%o0,),%(5,%o213C(%(-{),!&13+,5,4D%(73#&%(4:-/%(<?1W5,% 8 13),!/!{1W),+21!/),0]%(-$a2C(B9%oJ>13),!/!/Bm13+21
%(!$gQ%(A -/B9C[1'5,%_-&135,B94 ' \,#t137edf),% ' ' ' Ko"7lC[13<=0]4'%(7H%(A CH#&-/B9C(48%(+P5,B9Ct21'-/%(J:BQ4:A +%(!
Gq ' s >
'
C(4:+P794'C()2137l!/)
2) j 4'%(!
x
3 A x & Gq ' s
& )q Aos . F
îB95,%(+>#&%(<=%(+>#&%3\ )q Aos & 0,),%(5,%'B95,%(+>#&B}a2C[13-/!/%'C(4:+7m1GC[13-/J>16%(+7m1G%(!$g%(-&1B9+>#&%(-/B94:-(\edf),%
%(!$#1 A 1;#&B9%(-/-&1 }K*%7m1*<=B9!/<?1D<?13+,%(-&1v \:%(7,C[13<=0]4N%(+'%(7,#% "i#&%(-/B94:-"+,4:!"5213-21*A B9+vg4:-/<?13C(BQ4:A +p!/4:c,-/%W7m1*C[13-/J>1
#&43#t137e5,%(7{!/B9!$#&%(<?1v\,df),%_5,%(c]%b!/%(-pqd d suKw4:-%(7e#&%(4:-/%(<?185,% 8 13),!/!(\20]4i5,%(<=4:!WB95,%(+>#&B}a2C[13&
C(4:+P%(!$#&4'#&%(+,%(<=4:!(\2),!&13+,5,4 `~ %(+E79),J>13-5,% ~ \
' q ' ' s '' >

794'C()2137l+,4:!52187m18-/%(7m13C(BQ4:A +
'' F
,4:-&1'0]4i5,%(<=4:!W%(!/C(-/B9c,B9-#&4i5,4:!W794:!WC(4i%Ha2C(B9%(+>#&%(!(\
q : K s
& &' '
' & '
q : K s

& ' q '' s
q : K s

13-&1'C(4:<=0,79%H#t13-(\v0]4i5,%(<=4:!W%(!/C(-/B9c,B9-W%(7l0]43#&%(+,C(Bm137{nGq ' s%(+#&4i5,4'%(7l%(!/0213C(B94,\2%(+P7m1pg4:-/<?1

n?q ' s % $ q s
q s
% $
k{1`C[13-/J>1`%(+6%(7eC(4:+,5,),CH#&4:-WB9+>#&%(-/B94:-w~>1821`!/B95,485,%H#&%(-/<=B9+213521v\f~?#&B9%(+,%*%(7 ^313794:- v iK D43#t13df),%8213c,-[FA 1?!/B95,4GB9+,C(4:-/-/%(CH#&46!/),0]4:+,%(-*df),%8%(7C(4:+,5,),CH#&4:-NB9+>#&%(-/B94:-D%(!$#&)vîB9%(-&1G5,%(!/C[13-/J>135,4,\l0,),%(!N+,4G!/%
%(+,C(),%(+>#&-&1G13B9!/7m135,4,K

88
(1 G

!

i
= e -|z|/a
0
y
x
B9J:),-&1 : K 6v

%

i %E#&B9%(+,%E),+21 5,B9!$#&-/B9c,),C(BQ4:A + 5,%EC[13-/J>1 C(4:+!/B9<=%H#&-[FA 1.0,7m13+2x 1v\ ]q(' x s A \W%(+df),% G~ y !/4:+
C(4:+,!$#t13+>#&%(!(K i%E0,B95,%P5,%H#&%(-/<=B9+213-'%(7DC[13<=0]4%(7H%(A CH#&-/B9C(4 Gq(' x su\%(+ #&4i5,4 %(7%(!/0213C(B94,K ?%(!/),%(7}^31%(!$#&%
0,-/4:c,79%(<?1G0]4:-NB9+>#&%(J:-&13C(BQ4:A +
5,B9-/%(CH#t1v\eB9+,5,B9C[13+,5,4G~ g),+,5213<=%(+>#t13+,5,4C(7m13-&13<=%(+>#&%`7m13!NC(4:+,!/B95,%(-&13C(B94:+,%(!
5,%b!/B9<=%H#&-[FA 1pdf),%b!/%[13+E130,79B9C[13c,79%(!(K
$ &
%
k{1 5,B9!$#&-/B9c,),C(BQ4:A + 521EC[13-/J>1E5213521 ]q(' x s ]q su\o+,4 5,%(0]%(+,5,%65,%G7m13!b^313-/Bm13c,79%(!Gq su\0]4:-p794P#t13+>#&4,\

C(4:<=4,\o0213-&1
C[13521 = | + F!/%%#"i#&B9%(+,5,%B9+,5,= %Ha2+,B95213<=%(+>#&%6!/4:c,-/%6),+0,7m13+,4
B9+va2:B+,> B}< #&4,\#&%(+,%(<=4:!8),+21
!/B}#&)213C(BQ4:A +E!/B9<=B97m13-137C[13!/4?5,%(70,7m13+,4=B9+va2+,B}#&4'îB9!$#&4?%(+EC(7m13!/%3\]794=C()2137B9+,5,B9C[1'df),%p%(7C[13<=0]4=%(7H%(A CH#&-/B9C(4
5,%(c]%b!/%(-B9+,5,%(0]%(+,5,B9%(+>#&%b5,%_7m13!^313-/Bm13c,79%(! :Bx > < Ko4:-%(7l<=B9!/<=4'13-/J:),<=%(+>#&4,\,%(7{C[13<=0]48%(7H%(A CH#&-/B9C(4'5,%(c]%
!/%(-*0]%(-/0]%(+,5,B9C(),7m13-D1370,7m13+,4 :C< \]%(!;5,%(C(B9-(\ Gq(' x s Gq = s 9 \]%(+ df),% 9 %(!;),+E^:%(CH#&4:-*0]%(-/0]%(+,5,B9C(),7m13-D137
0,7m13+,4 :C< Kok{13!C(4:<=0]4:+,%(+>#&%(! 7 ~ ; 5,%(7lC[13<=0]4'!/%b13+f),7m13+eK
i%E0,),%(5,%
5,%(C(B9-=#t13<`c,B9%(+ df),% %(!$#&% 0,-/4:c,79%(<?1%(!?%(df)v^31379%(+>#&%.1),+21!/),0]%(-/0]4:!/B9C(BQ4:A + 5,% 0,7m13+,4:!
B9+va2+,B}#&4:!(\W0213-&1379%(794:!=137D0,7m13+,4 :C< \C(4:+ 5,%(+,!/B9521355,%EC[13-/J>1 !/),0]%(-$a2C(Bm137 ]q = s 3 = \WC[13521 ),+,45,% 794:!
C()21379%(!C(4:+>#&-/B9c,)v~:%p137eC[13<=0]4'%(7H%(A CH#&-/B9C(4'C(4:+7m18C[13+>#&B952135

3 Gq =*>H= s ]q = s 3 = q = = s >

%(+Edf),% q = s%(!%(7l!/B9J:+,4'5,% = Kw4:-794`#t13+>#&4,\2%(7lC[13<=0]48#&43#t137e5,%(c,B95,4=1`#&4i5,4:!794:!0,7m13+,4:!W!/%(-21 A
]q = s 3 = q #s F
Gq = s "
=
=

4:+ %(!$#&4 0]4i5,%(<=4:!G13,4:-&1 C[1379C(),7m13-=%(7;C[13<=0]40213-&17m15,B9!$#&-/B9c,),C(BQ4:A + 5,%
C[13-/J>1 df),%
+,4:!GB9+>#&%(-/%(!&1vK
4i5,%(<=4:!%(!/C(-/B9c,B9 $ $ A AA q = = s 3 =
Gq = s
$ $ q = = s 3 = $ $ A A q = = s 3 =

88 @ ! (B
G !

%(+%(7oB9+>#&%(-$^313794 q sN!/%=#&B9%(+,% q s \<=B9%(+>#&-&13!
D*c,!/%(-$^313<=4:!b%(+,!/%(J:),B9521Edf),%3\0213-&1
df),%b0213-&1 = %(+P%(7lB9+>#&%(-$^313794Pq =*> sw#&= B9%(+,%_%(7e^313794:- q = => s H= Kw4:-%(!$#&4,= \20]4i= 5,%(<=4:!W%(!/C(-/B9c,B9 " A A 3 "
A 3 F
Gq = s
=
=

A

13-&1%H^31379)213-N%(!$#t13!_B9+>#&%(J:-&1379%(!(\{!/),0]4:+,J>13<=4:!N0,-/B9<=%(-/46df),% = \l%(+>#&4:+,C(%(! = = \l~
!/%(0213-&13<=4:!
7m13!WB9+>#&%(J:-&1379%(!W%(+P7m1`g4:-/<?1
" A A 3 " A A 3 "
A 3 F
Gq = s
=
=

=

A

A

D43#t13<=4:!N5,%'B9+,<=%(5,Bm1@#&4Gdf),%3\{0]4:-N7m16!/B9<=%H#&-[F A 1?5,%(7"B9+>#&%(J:-&13+,5,4,\l7m1G0,-/B9<=%(-&1GB9+>#&%(J:-&137~ 7m1),A 7}#&B9<?1=!/%
C[13+,C(%(7m13+e\20]4:-W7948#t13+>#&4,\,0213-&1
=
Gq = s " A A A 3 = F
"!Dg313A C(B97l^:%(-D#t13<`c,B9%(+Pdf),%3\ !/B = #&%(+,A5,-/%(<=4:!;%(+ C[13<`c,B94'7m1'<=B9!/<?18%#"v0,-/%(!/BQ4:A +e\ 0]%(-/4?C(4:+E%(7!/B9J:+,4
4:0,),%(!$#&4,Ko*%W+f),%H^:4,\v5,%(c,B95,4b1N7m1N!/B9<=%H#&- Bm18q5,%D-/%
2%#"vBQ4:A +=%(!/0]%(C(),7m13-o-/%(!/0]%(CH#&4p13720,7m13+,4 = \f!/%W#&B9%(+,%
Gq = s Gq = su\,~6-/%(!/),<=B9%(+,5,4
q = s " A A 3 F
Gq = s
=
A

k{1'B9+>#&%(J:-&137e-/%(!$#t13+>#&%_%(!#&-/B}îBm137\
A
A
" A3 = " A3 = y q A s>
A
5,%b<?13+,%(-&1`df),%b%(7l-/%(!/),7}#t135,48a2+2137l%(!
y q A s q #s F
Gq = s

=

%

\e~
16794:!
%(79%(CH#&-/4:+,%(!81E!/)1379-/%(5,%(5,4:-pC(4:<=4E),+21E5,B9!$#&-/B9c,),C(BQ4:A + %(!$gQ%(A -/B9C[1v\),+,B}g4:-/<=%3\5,%G-&135,B94 y ~ C[13-/J>1 \
C(4:+,C]%(A +>#&-/B9C[1=C(4:+%(7l+*),A C(79%(4,K
D+<=4i5,%(794G1@#4:A <=B9C(4G!/B9<=0,79%`-/%(0,-/%(!/%(+>#t1P137+*),A C(79%(4GC(4:<=46),+216C[13-/J>160,),+>#&)21375,%8^313794:-
1>s6"+,C(),%(+>#&-/%N%(7C[13<=0]4b%(7H%(A CH#&-/B9C(4 6x q(' x su\i%(+?#&4i5,4b%(7%(!/0213C(B94,\i0,-/4i5,),C(B95,4p0]4:-o%(!$#t1p5,B9!$#&-/B9c,),C(BQ4:A +=5,%

C[13-/J>1vK
cs*%H#&%(-/<=B9+,%_%(7{0]43#&%(+,C(Bm137l%(79%(CH#&-/4:!$#1@A #&B9C(4?nGq(' x su\%(+P#&4i5,4=%(7{%(!/0213C(B94,KWi),0]4:+,J>1'df),%p%(7{0]43#&%(+,C(Bm137
nGq(' x s!/%b13+f),7m18%(+P%(7lB9+va2+,B}#&4,K
88
(1 G

!

6

carga
(-Ze)

a

+Ze

B9J:),-&1 : K

$ &
%
"7w0,-/4:c,79%(<?16C(4:-/-/%(!/0]4:+,5,%G137o<=4i5,%(794P1@#4:A <=B9C(45,% W,4:<=0,!/4:+eK13-&1P-/%(!/4:7}^:%(-b%(!$#&%?0,-/4:c,79%(<?1v\{),!I

13-/%(<=4:!D%(7l#&%(4:-/%(<?1'5,% 8 13),!/!(\+,43#t13+,5,4?df),%b21[~!/B9<=%H#&-[FA 18%(!$gQ%(A -/B9C[1v\ Gq(' x s Gq ' s ' 9 \0]4:-7948#t13+>#&4?%(7
2) j 4`df),%N1@#&-&1[îB9%(!&1b),+21p!/),0]%(-$a2C(B9%;%(!$gQ%(A -/B9C[1p5,%;-&135,B94 ' \fC(4:+,C]%(A +>#&-/B9C[1`C(4:+G%(7]+*),A C(79%(4_~=7m1b5,B9!$#&-/B9c,),C(BQ4:A +

5,%bC[13-/J>18%(!$#1'A 52135,4'0]4: x
3 A x & ' Gq ' s )q Aos . F
BrsG13-&1 ' y 7m1GC[13-/J>1G%(+,C(%(-/-&13521%(! q ' s D & ' ( . 6v\l%(+.df),% 6 . & y ( \
0]4:-W7948#t13+>#&48#&%(+,%(<=4:!pq5,%(!/0,),%(!;5,%_!/B9<=0,79B}a2C[13-tsu\
q ' s#F
Gq ' s
& ' y (
B9BrsG13-&1 ' y \]7m1'C[13-/J>1=%(+,C(%(-/-&13521?%(!;C(%(-/4,\]79),%(J:4=%(7C[13<=0]4=%(7H%(A CH#&-/B9C(4 K ,4:-&1=0]4i5,%(<=4:!
5,%H#&%(-/<=B9+213-p%(7w0]43#&%(+,C(Bm137w%(79%(CH#&-/4:!$#1@A #&B9C(4.n?q ' su\"1E0213-$#&B9-b5,%G7m1E%(C()213C(BQ4:A + 3in . 3 ' Gq ' su\~
#&%(+,%(<=4:!

| % $ % $ | ' y' y
nGq ' s

D!&13<=4:!N13,4:-&1G7m13!*C(4:+,5,B9C(B94:+,%(!*5,%`c]4:-/5,%85,%(70,-/4:c,79%(<?1v\enGq s \edf),%8B9<=0,79B9C[1 | \ ~
7m18C(4:+>#&B9+f),B9521355,%pn?q ' s%(+ '_ y \2df),%b52187m18%(C()213C(BQ4:A +
| >
& y & y
5,%_5,4:+,5,%b4:cv#&%(+,%(<=4:! | 6 . & y \,~Ga2+21379<=%(+>#&%
q ( s '
% $ ' y F y
nGq ' s

L'L'O

88
XE.GV"Y"X
+
LNM -
S / = X
%
@
(SNUWV"Y4[U4 -0/1-
S L
!
/ E.
(B
G !
S;V [4 Z X

i%b#&B9%(+,%(+E#&-/%(!;C(4:+,5,%(+,!&135,4:-/%(!*C(4:+,%(CH#t135,4:!N1=),+21=c21@#&%(-[FA 1v\%(+ 7m1'g4:-/<?18df),%`!/%pB9+,5,B9C[1'%(+ 7m18a2J:),-&1vK

"vB9!$#&%(+E5,4:!B9+>#&%(-/-/),0v#&4:-/%(!(>
\ A ~ A \2df),%b!/%_%(+,C(),%(+>#&-&13+EB9+,B9C(Bm1379<=%(+>#&%*13c,B9%(-$#&4:!(K
1>si%*C(B9%(-/-&1b%(7 B9+>#&%(-/-/),0v#&4:- A Ko*%H#&%(-/<=B9+,%D7m13!wC[13-/J>13!%(+6C[13521p),+21p5,%*7m13!w0,7m13C[13!C(4:+,5,),CH#&4:-&13!~
7m18%(+,%(-/J2FA 18%(79%(CH#&-/4:!$#1@A #&B9C[1`5,%(7{!/B9!$#&%(<?1vK
cs"+,!/%(J:),B9521v\ !/%pC(B9%(-/-&1?%(7B9+>#&%(-/-/),0v#&4:- A K;*%H#&%(-/<=B9+,%b7m1'C[13-/J>1?%(+ C(4:+,5,%(+,!&135,4:- | ( ~P7m1'+f),%H^31
%(+,%(-/J2FA 18%(79%(CH#&-/4:!$#1@A #&B9C[1vK
D43#t1vwkl4:!WC(4:+,5,%(+,!&135,4:-/%(!D#&B9%(+,%(+7m13!W!/B9J:),B9%(+>#&%(!C[130213C(B952135,%(!(
| & z y z y > | & z y z y > | ( 3 F
S2
S1
+
-
V0
c1
c2
c3
B9J:),-&1 : K

$ &
%

{7 C(%(-/-&13-%(7{B9+>#&-/%(-/-/),0v#&4:- A \2%(7{C(4:+,5,%(+,!&135,4:-D%(df),B}^31379%(+>#&%b!/%bC[13-/J>1'C(4:+P7m185,B}g%(-/%(+,C(Bm1'5,%b0]43#&%(+,C(Bm137
n QKi)PC[130213C(B952135q%(dfB}^31379%(+>#&%Qs%(! \C(4:-/-/%(!/0]4:+,5,B9%(+>#&%p1 ~ %(+P!/%(-/B9%3\ q su\279),%(J:4
7m1'C[13-/J>1=%(! | n [Kk{13!;C[13-/J>13!D| !/4:+e *%(+ 7m1'0,7m13C[1E| q su\| *%(+ 7m1'0,| 7m13C[1E| q | su. \ | *%(+ | 7m1'0,7m13C[1
q 6>su\,~
D%(+P7m180,7m13C[1Pq suK
k{18%(+,%(-/J2FA 180]43#&%(+,C(Bm137e%(79%(CH#&-/4:!$#1@A #&B9C[1 %(!
| n q | | | n | s F

7C(%(-/-&13-'%(7B9+>#&%(-/-/),0v#&4:- A \w213c,B9%(+,5,4.-/%H#&B9-&135,4
7m1 c21@#&%(-[A 1v\o7m1 C[13-/J>1 =!/%6-&130213-$#&%%(+>#&-/%%(7
C(4:+,5,%(+,!&135,4:- | ( ~6%(7lC(4:+,5,%(+,!&135, 4:- %(df),B}^31379%(+>#&% | \,5,%_<?13+,%(-&18F df),%
88
(
B !
(
"
-/%(!/4:7}îB9%(+,5,4=%(!$#t13!%(C()213C(B94:+,%(!#&%(+,%(<=4:!

/

!

n ( | ( | " n
(

>
( "| | ( | (

|"| |
(
F
k{18%(+,%(-/J2FA 18%(79%(CH#&-/4:!$#1@A #&B9C[18!/%(-21=A 13,4:-&1

| | ( q |"| ( | Hs . | ( q "| | | us . |
(
(
(
-/%(4:-/5,%(+213+,5,4
q | | ( | s q |"| | s q | | s F
(
(
(

%
i%E#&B9%(+,%E),+21 %(!$g%(-&1C(4:+,5,),CH#&4:-&1v\W5,% -&135,B94 \!/%(<=B9%(+>#&%(-/-&13521 213!$#t1 7m1<=B}#t135%(+),+ 5,B9%(7H%(A CH#&-/B9C(4

,4:<=4:J%(A +,%(4p!/%(<=B9+,B}a2+,B}#&4,\>5,%;C(4:+,!$#t13+>#&%*5,B9%(7H%(A CHy #&-/B9C[1 q!/),%(794fsuKok{1b43#&-&1b<=B}#t135'!/%;%(+,C(),%(+>#&-&1`-/4i5,%[13521
5,%p13B9-/% )v!/%b0,),%(5,%_!/),0]4:+,%(-Ddf),%_7m18C(4:+,!$#t13+>#&%b5,B9%(7H%(A CH#&-/B9C[1`5,%(7{13B9-/%*%(! QKwi%_0,B95,%_5,%H#&%(-/<=B9+213-(
1>s6kl4:!C[13<=0]4:! =x \ Ex \v~6%(7l0]43#&%(+,C(Bm137e%(79%(CH#&-/4:!$#1@A #&B9C(4?n?q ' su\,%(+P#&4i5,48%(7l%(!/0213C(B94,K
csk{1NC[130213C(B95213585,%W7m1*%(!$g%(-&1*~`7m1*5,%(+,!/B952135'5,%WC[13-/J>1*!/),0]%(-$a2C(Bm137,!/4:c,-/%7m1;!/),0]%(-$a2C(B9%5,%W7m1;%(!$g%(-&1vK
x #&B9%(+,%_!/B9<=%H#&-[FA 1p%(!$gQ%(A -/B9C[1vK
D43#t1vwi),0]4:+,J>1'180,-/B94:-/Bedf),%b%(7lC[13<=0]48%(7H%(A CH#&-/B9C(4
V0
a

B9J:),-&1 : K

88
%

$ &
@
!
(B
G !
1>s6k{1=%(!$g%(-&1?C(4:+,5,),CH#&4:-&1=%(!$#1GA 1=0]43#&%(+,C(Bm137n QKW*%p13C(),%(-/5,461=7m1'B9+,5,B9C[13C(BQ4:A +e\,%(7C[13<=0]4=%(7H%(A CH#&-/B9C(4

#&B9%(+,%*!/B9<=%H#&-[FA 1b%(!$gQ%(A -/B9C[1v\v~?0]4:-794p#t13+>#&4,\v%(7e0]43#&%(+,C(Bm137enGq ' s"#t13<`c,B9%(+eK""+>#&4:+,C(%(!(\%(!B9+,<=%(5,Bm1@#&4
df),%
n?q ' s ' >
%(+ df),%G7m13!pC(4:+,!$#t13+>#&%(! ~ 5,%(0]%(+,5,%(+5,%G7m13!pC(4:+,5,B9C(B94:+,%(!p5,%?c]4:-/5,%3K.i),0]4:+,%(<=4:!pdf),%6%(7
0]43#&%(+,C(Bm137f!/%W13+f),7m1D%(+`%(7iB9+va2+,B}#&4,\@0]4:-794D#t13+>#&4,\37m1C(4:+,!$#t13+>#&%65,%(c]%W13+f),7m13-/!/%3\3 )>135,%(<13A !(\
%(+ 'b y !/%N#&B9%(+,%pn?q 'b y s n [\
n y F
%(+,%(<=4:!D%(+>#&4:+,C(%(!(\
nGq ' s n 7y . '
x q ' s n 7y . ' ' 9
6
x q ' s x > 0213-&1 =
x > 0213-&1 =

csk{1_C[13-/J>1_!/4:c,-/%D7m1N%(!$g%(-&1bC(4:+,5,),CH#&4:-&1b!/%D5,%H#&%(-/<=B9+21_),!&13+,5,4p%(7,#&4i%(-/%(<?1_5,% 8 13),!/!(\idf),%D+,4:!w521
x 3 A x '& y n q H#s F
4:+P%(!$#&4'#&%(+,%(<=4:!(\25,%_B9<=%(5,Bm1@#&4,\v794:!-/%(!/),7}#t135,4:!
'& y q Hs
q us .3y F

%
D+6C[13c,79%*C(4>1 "vBm137%(!$#1pA g4:-/<?135,4p0]4:-5,4:!C(4:+,5,),CH#&4:-/%(!W0]%(-$g%(CH#&4:!(\,C(B97 F A +,5,-/B9C(4:!(\fC(4>1 "vBm1379%(!(\i5,%*-&135,B94:! y

z
z
~ ]\ 5,%b794:+,J:B}#&),5 q y > suK"7{%(!/0213C(B94?%(+>#&-/%p794:!C(4:+,5,),CH#&4:-/%(!*!/%b7979%(+21'C(4:+E5,4:!D5,B9%(7H%(A CH#&-/B9C(4:!

B9<=0]%(-$g%(CH#&4:!'5,%C(4:+,!$#t13+>#&%(!
q > , sp~ q > , su\C(4:<=4.!/%P<`),%(!$#&-&1.%(+7m1 a2J:),-&1vK k{1.5,B}g%(-/%(+,C(Bm1
5,%
0]43#&%(+,C(Bm137e%(+>#&-/%b794:!WC(4:+,5,),CH#&4:-/%(!D%(!;n QK
1>s6*%H#&%(-/<=B9+,%N%(7l794:!WC[13<=0]4:! x ~ x 5,%(+>#&-/4=5,%(7lC[13c,79%3K
cs*%H#&%(-/<=B9+,%7m1*-/%(!/B9!$#&%(+,C(Bm91 @ 5,%(7,C[13c,79%WC(4>1 "vBm137\3~`-/%(0,-/%(!i%(A +>#&%(7m1_J:-21@A a2C[13<=%(+>#&%C(4:<=4N),+'C(B9-/C(),B}#&4
%(df),B}^31379%(+>#&%3K
(
88
B !
1
2

/

!
:
b
1
g
2
B9J:),-&1 : K

$ &
%

1>s6x 4i5,%(<=4:!!/),0]4:+,%(-df),%w#t13+>#&4D%(7f0]43#&%(+,C(Bm137>C(4:<=4D%(7fC[13<=0]4%(7H%(A CH#&-/B9C(4#&B9%(+,%(+b!/B9<=%H#&-[FA 1WC(B97 FA +,5,-/B9C[1v\

Gq ' s ' \f%(+?df),% ' %(!w7m1_5,B9!$#t13+,C(Bm1_1372% j % = \f~ ' 9 %(72^:%(CH#&4:-),+,B}#t13-/B94N-&135,Bm137K*%%(!$#t1b<?13+,%(-&1v\
%(7lC[13<=0]4'5,9 %(c]%_!/%(-D5,%_7m1pg4:-/<?1
Gq ' s F
'
"7l0]43#&%(+,C(Bm137e!/%b4:cv#&B9%(+,%N5,%_!/)P5,%Ha2+,B9C(BQ4:A +e\v~G#&B9%(+,%_7m1pg4:-/<?1
n?q ' s 4 ' ' >
0213-&1`^313794:-/%(!135,%(C()2135,4:!D5,% ~ ' [Ki),0]4:+,B9%(+,5,4'df),%_794:!W0]43#&%(+,C(Bm1379%(!W%(+P794:!WC(4:+,5,),CH#&4:-/%(!(\ n
~Pn w!/4:+#t1379%(!Wdf),%`n n n &\v#&%(+,%(<=4:!
n 4 ' '
n 4 ' '
n 4 yz F
D43#&%(<=4:!Ddf),%b%(7{C[13<=0]4=%(7H%(A CH#&-/B9C(4=-&135,Bm137wq!/B9<=%H#&-[F A 1`C(B97 F A +,5,-/B9C[1>swJ>13-&13+>#&B9[1'df),%b7m1'C(4:<=0]4:+,%(+>#&%
5,%(7C[13<=0]4 %(7H%(A CH#&-/B9C(4 0213-&1379%(794 1E7m1EB9+>#&%(-$gh13?%(+>#&-/%6794:!pC(4:+,5,),CH#&4:-/%(!'%(!`C(4:+>#QFA +f)21vK"7C[13<=0]4
%(7H%(A CH#&-/B9C(4'%(!%(+>#&4:+,C(%(!

"7e^:%(CH#&4:-D5,%(+,!/B952135P5,%_C(4:-/-/B9%(+>#&%_%(! x \
n
4 '
'9 F

88
x
@
!
(B
G !
%(+P%(7l<=%(5,B94
, x %(+P%(7l<=%(5,B94
cs13-&15,%H#&%(-/<=B9+213-N7m16-/%(!/B9!$#&%(+,C(Bm1 @ 5,%(c]%(<=4:!_C[1379C(),7m13-N7m16C(4:-/-/B9%(+>#&%8#&43#t137df),%
2)v~:%?%(+>#&-/%=794:!
C(4:+,5,),CH#&4:-/%(!(\
" x 3 A x 4 & zn .3 y 3 q , , s (F
*%b13C(),%(-/5,4=C(4:+P%(!$#&4,\27m1`-/%(!/B9!$#&%(+,C(Bm1'5,%(c,B9521'18794:!W<=%(5,B94:!WC(4:+,5,),CH#&4:-/%(!`q sw~q s%(!
4 z .3y 3
@
& Dq , , s F
"!W%HîB95,%(+>#&%3\25,%*7m1p5,B9!/0]4:!/B9C(BQ4:A +?J:%(4:<%HA #&-/B9C[1v\idf),%N%(!$#&%_-/%(!/),7}#t135,4`0,),%(5,%NB9+>#&%(-/0,-/%H#t13-/!/%NC(4:<=4`7m1
C(4:<`c,B9+213C(BQ4:A +%(+E0213-&1379%(794'5,%b794:!<=%(5,B94:!pq s~ q suK"+E%Hg%(CH#&4,\+,43#t13<=4:!df),%p7m13!-/%(!/B9!$#&%(+,C(Bm13!
5,%_C[13521'<=%(5,B9480]4:-W!/%(0213-&135,4,#\ @ \,~ @ \2-/%(!/0]%(CH#&B}^313<=%(+>#&%3\2!/4:+
,
4 & z , .3y 3

z
4
.3y 3 F
&
4:+P%(!$#&4,\2%(!DC(7m13-/48df),%b!/%_C(),<=0,79%N7m18-/%(7m13C(BQ4:A +
>
@
@ @
df),%bB9+,5,B9C[1`df),%b!/%N#&-&1@#t18%Hg%(CH#&B}^313<=%(+>#&%_5,%_),+218C(4:<`c,B9+213C(BQ4:A +6%(+P0213-&1379%(794,K
88
L'L'O

(
XE.GV"Y"X
L - S . 4(X
,
%

S L
-

i %'#&B9%(+,%8),+21P13-/J:4:797m1?<`)v~
5,%(79J>13521v\{5,%'-&135,B946B9+>#&%(-/B94:- y ~
%#"i#&%(-/B94:- z \17m1Gdf),%=!/%=216C(4:-$#t135,4P),+
#&-/4:(4,\e5,%13A +,J:),794 Kbk{1613-/J:4:797m1=%(!$#1GA ,%(Ct215,%`),+.<?1@#&%(-/Bm137{5,%8C(4:+,5,),CH#&B}îB952135 , \ ~E!/),!_%#"i#&-/%(<=4:!
%(!$#13A +`#&%(-/<=B9+2135,4:!%(+85,4:!0,7m13C[13!<`)v~p5,%(79J>135213!,%(Ct213!"5,%C(4:+,5,),CH#&4:-B95,%[137\@7m13!df),%!/4:+8<?13+>#&%(+,B95213!
1'),+2185,B}g%(-/%(+,C(Bm185,%_0]43#&%(+,C(Bm137{n [\20]4:-W<=%(5,B9485,%b),+218c21@#&%(-[FA 1vK
1>s6*%H#&%(-/<=B9+,%7m1*5,%(+,!/B952135'5,%WC(4:-/-/B9%(+>#&% x \>%(7,C[13<=0]4N%(7H%(A CH#&-/B9C(4 =x \:~`%(7,0]43#&%(+,C(Bm1372nGq(' x su\>5,%(+>#&-/4b5,%
7m1=13-/J:4:797m1GKWi),0]4:+,J>1=df),%b%(7{0]43#&%(+,C(Bm137l%(79%(CH#&-/4:!$#1@A #&B9C(4=5,%(0]%(+,5,%p!24:A 7m13<=%(+>#&%b5,%b7m18C(4i4:-/5,%(+213521
13+,J:),7m13 - ({K
cs*%H#&%(-/<=B9+,%6%(7C[13<=0]4.<?13J:+%HA #&B9C(4 ?x \0,-/4i5,),C(B95,4.0]4:-'7m1 5,B9!$#&-/B9c,),C(BQ4:A +5,%C(4:-/-/B9%(+>#&% x \w%(+ %(7
C(%(+>#&-/4?5,%_7m1813-/J:4:797m1vK
(vista lateral)
(vista desde arriba)
B9J:),-&1 : K

$ &
%

1>s64i5,%(<=4:!D!/),0]4:+,%(-(\5,%p13C(),%(-/5,4G1'7m18B9+,5,B9C[13C(BQ4:A +e\,df),%b%(7{0]43#&%(+,C(Bm137n n?q)( su\,~0]4:-7948#t13+>#&4

7m1GC(4:-/-/B9%(+>#&%
2)v~:%'%(+.7m1?5,B9-/%(C(C(BQ4:A +
C(4:+>#&-&13-/Bm161G794:!*0,),+>#&%(-/4:!N5,%(7"-/%(794 j qh13df)lFA !/),0]4:+,%(<=4:!Ndf),%
nGq s \v~PnGq '& s n hsuKwk{18%(C()213C(BQ4:A +P5,%bk{130,7m13C(%N!/%_C(4:+>îB9%(-$#&%_!/B9<=0,79%(<=%(+>#&%N%(+
3n
37( >
C()v~>1=!/4:79),C(BQ4:A +e\,C(4:+7m13!WC(4:+,5,B9C(B94:+,%(!5,%_c]4:-/5,%NB9+,5,B9C[135213!(\,%(!
nG)q ( s q '& n s (BF
4:-7948#t13+>#&4,\,%(7lC[13<=0]4'%(7H%(A CH#&-/B9C(4`~67m18C(4:-/-/B9%(+>#&%_!/4:+e
x
' 3i37n ( q '& n s ' ( 9
x , x q '& , n s ' (G9 F
:

88
@
!
(B
G !
4:<=4`7m1p13-/J:4:797m1N%(!<`)v~?5,%(79J>13521Gq%(!/0]%(!/4:- 3su\i0]4i5,%(<=4:!-/%(0,-/%(!/%(+>#t13-W!/)6%Hg%(CH#&480]4:-%(7]5,%*),+21
C(4:-/-/B9%(+>#&%_!/),0]%(-$a2C(Bm137 \
x q '& , n s ' ( 9
cs"7C[13<=0]4<?13J:+%HA #&B9C(4.%(+ %(70,),+>#&4 5,%PC(4i4:-/5,%(+2135213!' x x !/%P0,),%(5,%E%H^31379)213-8<=%(5,Bm13+>#&%7m1

#% "v0,-/%(!/BQ4:A +
x6q x s & " x q ' s ' x q ( G'x s 37A F
13-&1'%H^31379)213-W%(!$#t1'#% "v0,-/%(!/BQ4:A +#&4:<?13<=4:!0,-/B9<=%(-/48%(7l+f),<=%(-&135,4:-(\
x q(' x s ' x q '& , n s ' ( 9 ' x q '&, n s 9 >
%(+>#&4:+,C(%(!
6x q s q '& , n s 9 " 3' ' F
B9+21379<=%(+>#&%3\
6x q s q '& , n s z 9 F
y

%
1>s4:+,!/B95,%(-/%o),+_C[13<=0]4W<?13J:+%HA #&B9C(4C(4:+_!/B9<=%H#&-[FA 1C(B97 FA B9+,5,-/B9C[1v\H5,%"7m1g4:-/<?1 6x q ' > ( >H= s q ' >H= s ' 9
A q ' >H= s 9= Kwi),0]4:+,J>18df),% 6 A . 6 = \2%(+>#&4:+,C(%(!D5,%(<`),%(!$#&-/%bdf),%3\0213-&1 ' 0]%(df),%$+,# 4=!/%N#&B9%(+,%3
q ' >H= s ' 6 A q >H= s F
6
csP4:+,!/B95,%(-/%G),+21E%(!/0,B9-&1P0]%(df),%$+2# 1v\5,%G-&135,B94 y \C(4:794iC[13521P%(+%(7w% j %G5,%?!/B9<=%H#&-[FA 15,%?),+C[13<=0]4

<?13J:+%HA #&B9C(4pC(4:<=4p%(7 5,%(!/C(-/B}#&4`%(+G7m1b0213-$#&%8qh1>suKw1379C(),79%D7m1_g),%(-/[1p<?13J:+%HA #&B9C[1bdf),%*5,B9Ct,4`C[13<=0]4
% j %(-/C(%b!/4:c,-/%_7m18%(!/0,B9-&1v\v~6<`),%(!$#&-/%_df),%b!/%_0,),%(5,%b%(!/C(-/B9c,B9-W%(+P7m1`g4:-/<?1v
x 6 A q >H= s ?9= >
6 =
%(+Pdf),% & y ?%(!D%(7l797m13<?135,4p<=4:<=%(+>#&4'5,B90]4:7m13-<?13J:+%HA #&B9C(485,%_7m1`%(!/0,B9-&1vK
CQs"7{C[13<=0]4=<?13J:+%HA #&B9C(4 A q >H= su\%(+E%(7{% j %b5,%b),+P!/4:79%(+,4:B95,%?q4=c]4:c,B9+21>s5,%b-&135,B94 y \7m13-/J:4 W\2~
î),%(7}#t13!(\20]4:-W%(7ldf),%bC(B9-/C(),7m1`),+21'C(4:-/-/B9%(+>#&% ?%(!$#1'A 52135,4=0]4:q . =s 3
A y q . =s
0 y q . = s 0 y q . = s
D!/%W794:!-/%(!/),7}#t135,4:!"13+>#&%(-/B94:-/%(!0213-&1;C[1379C(),7m13-7m1;C(4:<=0]4:+,%(+>#&%-&135,Bm137i5,%%(!$#&%WC[13<=0]4*<?13J:+%HA #&B9C(4,\
%(+ 0,),+>#&4:!b!/4:c,-/%=),+21%(!/0,B9-&15,B9!/0,),%(!$#t1PC(4:<=4P%(+7m160213-$#&% qcsu\l~.7m1Gg),%(-/[1Pdf),%=%(!$#&%=C[13<=0]4
% j %(-/C(%b!/4:c,-/%_%(797m1vK
88
(

v

B z (r, )
B (r, )
a
y
B r (r, )
B9J:),-&1 : K

$ &
%
1>s6"7]C[13<=0]4b<?13x J:+%HA x #&B9C(4N#&B9%(+,%D!/B9<=%H#&-[FA 1NC(B97 FA +,5,-/B9C[1v\:%(!w5,%(C(B9- x @q ' >H= s ' 9 A q ' >H= s 9 \f%(+>#&4:+,C(%(!
7m18%(C()213C(BQ4:A + !/%_0,),%(5,%b%(!/C(-/B9c,B9-WC(4:<=4
6 q ' q ' >H= s/s 6 A q ' >H= s F
' '
6 =
"+>#&4:+,C(%(!(\]0213-&1 ' 0]%(df),$% +,# 4'#&%(+,%(<=6 4:!
' '
q ' s ' 6 A q >H= s F
6 q @q >H= s/s ' 6 A >H=
'
6
6 =
6 =
"+>#&4:+,C(%(!(\]!/%_5,%(c]%_#&%(+,%(-pqh130,-/4 "vB9<?135213<=%(+>#&%Qs
'
' 6 A q >H= s | >
=
%(+ df),% | %(!=),+21
C(4:+,!$#t13+>#&%3K13-&1.df),%7m1
%(C()2136 C(BQ4:A +!/%[1
^13A 79B9521 %(+0213-$#&B9C(),7m13-`0213-&1 '
5,%(c]%(<=4:!W#&4:<?13- | \,%(+>#&4:+,C(%(!(
q ' >H= s ' 6 A q >H= s F
6 =
csPiBiC(4:794iC[13<=4:!{),+21D%(!/0,B9-&1D0]%(df),$% +2# 1;%(+`%(7i% j %5,%w!/B9<=%H#&-[FA 15,%(7iC[13<=0]4;13+>#&%(-/B94:-(\3%(797m1W#% "v0]%(-/B9<=%(+>#t1
),+218g),%(-/[1'<?13J:+%HA #&B9C[1`521352180]4: x #" 73' x 6x q(' x s#F
"+P+f),%(!$#&-/4?C[13!/4,\w'_x y ' 9 \ 3'_x y (>9 37(B),%(+>#&4:+,C(%(!
x " y 37( q y >H= s(q 9 s A q y >H= s(q ' 9 s !F
i%b4:c,!/%(-$^31=df),%p%(7{!/%(J:),+,5,4=#v%(A -/<=B9+,4'5,%b7m1'B9+>#&%(J:-&137e!/%`13+f),7m1v\20]4:-7948#t13+>#&4,\-/%(%(<=0,7m13[13+,5,4=%(7
-/%(!/),7}#t135,4=4:cv#&%(+,B95,4'%(+qh1>su\
q s
9 6 A >H= 9 F
x '& y q y >H= s ?

88
@
!
(B
G !
CQs4i5,%(<=4:!),!&13-7m1pg34:A -/<`),7m1`5,%(<=4:!$#&-&135218%(+qcsu\20213-&18794'C()2137lC[1379C(),7m13<=4:!7m185,%(-/B}^31352185,% A \
y
y
6 A y
F

q . = s 3 (
q . = s 3 (
=
y
y
6
"+>#&4:+,C(%(!(\]7m1`C(4:<=0]4:+,%(+>#&%_-&135,Bm137e5,% Tx %(!
q ' >H= s ' y q y s 3 ( q y s 3 ( F
y . =
y . =

%
i %'#&B9%(+,%=),+x C(B979B9+,5,-/46C(4:+,5,),CH#&4:-p5,%'-&135,B94 y \<`)v~

7m13-/J:4?)0]4:-_C()v~>1P!/),0]%(-$a2C(B9%
2)v~:%=),+21PC(4:-/-/B9%(+>#&%
!/),0]%(-$a2C(Bm137 \2%(+P7m1pg4:-/<?1`df),%b!/%_B9+,5,B9C[1`%(+P7m1à2J:),-&1vK
1>s6*%H#&%(-/<=B9+,%b%(7C[13<=0]4?<?13J:+%HA #&B9C(4=%(+ %(7B9+>#&%(-/B94:-D5,%(7C(B979B9+,5,-/4,K P),%(!$#&-/%`-/B9J:),-/4:!&13<=%(+>#&%bdf),%`%(7
C[13<=0]4'5,%(c]%_!/%(-D),+,B}g4:-/<=%3K
cs*%H#&%(-/<=B9+,%o7m10,-/%(!/BQ4:A +`df),%%(7fC[13<=0]4;<?13J:+%HA #&B9C(4D13+>#&%(-/B94:-% j %(-/C(%!/4:c,-/%7m13!{0213-/%(5,%(!5,%(7fC(B979B9+,5,-/4,K
D43#t1v"!$#&-/B9CH#t13<=%(+>#&%3\:%(+`%(!$#&%Cl13A 79C(),794;!/%5,%(c]%),!&13-%(7iC[13<=0]4;%(+80,),+>#&4:!!/4:c,-/%7m1D5,B9!$#&-/B9c,),C(BQ4:A +
5,%_C(4:-/-/B9%(+>#&% )2%(!$#&%bC[13<=0]48%(!D7m1`<=B}#t13565,%(7lC[13<=0]4'C[1379C(),7m135,48%(+qh1>suK
a
JS
B9J:),-&1 : K 3

$ &
%
1>s64:-N7m1G!/B9<=%H#&-[FA 1=5,%(7"0,-/4:c,79%(<?1v\ !&13c]%(<=4:!Ndf),%8%(7"C[13<=0]4G<?13J:+%HA #&B9C(465,%(c]%8%(!$#t13-N5,B9-/B9J:B95,4G1G794

7m13-/J:485,%(7e% j % = \135,%(<13A !(\%(A !$#&%NC[13<=0]4'!24:A 79480,),%(5,%_5,%(0]%(+,5,%(-D5,% ' \v~6+,4'5,% = \20,),%(!%(7eC(B979B9+,5,-/4
%(!D<`)v~G7m13-/J:4,K""+>#&4:+,C(%(!
x 6q ' s 9 F
*%_%(!$#t1'<?13+,%(-&1v\,C(4:<=4 x x \2%(+>#&4:+,C(%(!(\
x x 6 ' ( 9 x >
6
6
0]4:-8794E#t13+>#&4,\oC(4:+,C(79),B9<=4:!pdf),%%(7C[13<=0]4 <?13J:+%HA #&B9C(4
%(!8),+,B}g4:-/<=%3\#t13+>#&4
%(+%(7B9+>#&%(-/B94:-`5,%(7
C(B979B9+,5,-/4,\>C(4:<=4b%(+?%(7%#"i#&%(-/B94:-(\f5,4:+,5,%D^31379%C(%(-/4,K""+GC()213+>#&4`1_!/)?^313794:-(\>7m13%H~8C(B9-/C(),B}#t13725,% <8I
0]%(-/%3\ 130,79B9C[13521'1=),+21'#&-&1[~:%(CH#&4:-/Bm1'-/%(CH#t13+,J:),7m13-0213-&1379%(7m1'137{% j %b5,%(7{C(B979B9+,5,-/4,\,0]%(-/<=B}#&%_<=4:!$#&-&13df),%
F
cs13-&1?5,x%H#&%(-/<=B9+213-7m1=0,-/%(!/BQ4:A +e\]C[1379C(),7m13<=4:!7m18g),%(-/[1?!/4:c,-/%p),+ %(79%(<=%(+>#&4?5,%pC(4:-/-/B9%(+>#&%3\ 3 'x \]5,%
13A -/%[1 3 A\
3 x x x >
%(+Edf),%3\C(4:<=4'!/%_B9+,5,B9Cl4,A \,%(7lC[13<=0]4=130,79B9C[135,48!/4:c,-/%b%(7lC(4:+,5,),CH#&4:-D%(! x 2 q . s 9 K %(+,%(<=4:!
%(+>#&4:+,C(%(!
3 x ( 9 9 37A . 37A ' 9 F
"!$#&4P!/B9J:+,B}a2C[16df),%3\!/4:c,-/%'C[13521%(79%(<=%(+>#&45,% 13A -/%[1 37A !/%'% j %(-/C(%=),+21Gg),%(-/[1-&135,Bm137\e%(!$#&4P%(!(\
),+21'0,-/%(!/BQ4:A +e\ '\ 3 x 237A ' 9 \25,4:+,5,%_7m1`0,-/%(!/BQ4:A +P%(!(

. F
88
(

L'L'OQLNM

/
-
S.
(X

4
%
!
(B
G !
S L
-
@

88
"+=%(7,C(B9C(),B}#&4N5,%W7m1;a2J:),-&1v\>7m1;gK %3K <PK137}#&%(-/+21*%(!o5,%g-/%(C(),%(+,C(Bm1 . * o'K"*%H#&%(-/<=B9+,%7m1*13<=0,79B}#&),5

~
7m1Ggh13!/%'5,%'7m1GC(4:-/-/B9%(+>#&%'df),%'0213!&1P1G#&-&1[ô%(A !b5,%'7m16-/%(!/B9!$#&%(+,C(Bm1v\{%(+.g),+,C(BQ4:A +.5,%'794:!N0213-213A <=%H#&-/4:!N5,%(7
C(B9-/C(),B}#&4,K
L
B9J:),-&1 : K i

$ &
%

"+E%(7lC(B9-/C(),B}#&4,\,7m1`-/%(!/B9!$#&%(+,C(Bm1Eq B @ s~6%(7lC(4:+,5,%(+,!&135,4:-`q . psw%(!$#13A +E%(+P0213-&1379%(794,\vC(4:+

B9<=0]%(5213+,C(Bm1 [\25,4:+,5,%
>
B @
%(+>#&4:+,C(%(!
q@ 2@_s q2@2 @_s F
k{1'B9<=0]%(5213+,C(Bm1p5,%(7l!/B9!$#&%(<?18%(! W\
q @ 2 @_s qh .q ws2 @ @_ s F
4:-7948#t13+>#&4,\,%(+P%(7lC[13!/4=B9+,5,B9C[135,4,\ . * o'\27m1`B9<=0]%(5213+,C(Bm1 b\2!/)P<?13J:+,B}#&),5G~Ggh13!/%_!/4:+
@ 2 0 @ . .
0 .

0 2@ .
+-, )q ( s . @ 0 . F
i),0]4:+,%(<=4:!df),%b7m1pg%(<%(! ,q + s | q + su\,0]4:-W7948#t13+>#&4 9 : q + su\v~67m18C(4:-/-/B9%(+>#&% q + s%(!
q + s @
| q + ( #s F

88

%

G

13-&1 137}#&),-&13!0]%(df),%$+2# 13!(\_%(7_C[13<=0]4<?13J:+%HA #&B9C(4:!6#&%(-/-/%(!$#&-/% 0,),%(5,%130,-/4 "vB9<?13-/!/%.0]4:- x q p

s(q su\"5,%13C(),%(-/5,4.1 7m13!pC(4i4:-/5,%(+2135213!`5,%67m1a2J:),-&1vK i%G5,% j 1 C[13%(-`),+21 %(!/0,B9-&1 C(4:+,5,),CH#&4:-&1v\o5,%
-/ %(= !/B9!$#&%(+,9 C(Bm1 @`\,~6<?13!&1
\,5,%(!/5,%p),+21'137}#&),-&1~6C(4:+^:%(794iC(B952135B9+,B9C(Bm137]C(%(-/4,Ki%_0,B95,%3
1>s6*%H#&%(-/<=B9+,%N7m1`C(4:-/-/B9%(+>#&%_B9+,5,),C(B95218%(+P7m1`%(!/0,B9-&1v\25,%(!/0,-/%(C(Bm13+,5,4=794:!W%Hg%(CH#&4:!5,%b13)v#&4:B9+,5,),C(C(BQ4:A +eK
csP1379C(),79%N7m1`g),%(-/[18<?13J:+%HA #&B9C[18!/4:c,-/%_7m1`%(!/0,B9-&1v\,~
CQs67m1`^:%(794iC(B9521355,%_7m1`%(!/0,B9-&1v\,%(+Pg),+,C(BQ4:A +5,%(7e#&B9%(<=0]4,K
a
B
z
h

B9J:),-&1 : K
y
x

$ &
%
1>si),0]4:+,%(<=4:!*df),%87m1=C(4:-/-/B9%(+>#&% C(B9-/C(),7m1?%(+
5,B9-/%(C(x C(BQ4:A + 5,%`794:!;0,),+>#&%(-/4:!N5,%(7-/%(794 j KN*%813C(),%(-/5,4
C(4:+P%(!&1'5,B9-/%(C(C(BQ4:A +5,%_-/%(C(4:-/-/B95,4,\,7m18+,4:-/<?137 %(! 3 A 3 < 3 = q 9 su\,~6%(7
2) j 4'!/4:c,-/%_7m18%(!/0,B9-&18%(!

" x 3 A x " q = s 3 = " 3 < y y y . y F
4i5,%(<=4:!C[1379C(),7m13-W13,4:-&187m1`g %(<B9+,5,),C(B9521`!/4:c,-/%_7m18%(!/0,B9-&1v\,4:c,!/%(-$^313+,5,4=df),% 3 . 3 + \
33 y CF
+
13-&1'5,%H#&%(-/<=B9+213-W7m1`C(4:-/-/B9%(+>#&%3\2),!&13<=4:!W7m1879%H~G5,% NB9-/Ct,4 \ @ \
q + s @ y F
csk{18g),%(-/[18<?13J:+%HA #&B9C[18!/4:c,-/%_7m1`%(!/0,B9-&1'!/%_C[1379C(),7m1`),!&13+,5,4=7m18#% "v0,-/%(!/BQ4:A +
" 73 4x x y 9 F
x #
(
"!$#&%G-/%(!/),7}#t135,4E!/%?4:cv#&B9%(+,%=+,43#t13+,5,4Edf),% x 5,%(0]%(+,5,%G!24:A 794E5,% = \794Edf),%?B9<=0,79B9C[1Gdf),%G7m13!_B9+iI
#&%(J:-&1379%(!*!/4:c,-/%`794:!;5,4:!;#&-&13<=4:!D^:%(-$#&B9C[1379%(!*!/%8C[13+,C(%(7m13+ %(+>#&-/%8![FA Kb4:<=4G!/%`4:c,!/%(-$^31v\e7m1=g),%(-/[1
%(!$#t13-21GA 5,B9-/B9J:B95218213C(Bm1?13c21 j 4G!/B \]~P213C(Bm1G13-/-/B9c21=!/B \ df),%`%(!*+f),%(!$#&46C[13!/4,\ 0,),%(!*7m1
C(4:-/-/B9%(+>#&%_%(!+,%(J>1@#&B}^318!/B K

88
@
!
(B
G !
CQsk{1'%(C()213C(BQ4:A +5,%_<=4QîB9<=B9%(+>#&485,%_7m1`%(!/0,B9-&1v\2%#"v0,-/%(!&13521=%(+g),+,C(BQ4:A +!24:A 79485,%b7m1p^:%(794iC(B952135 ? %(!

3
q sy ( F
,
3+
@
4:-7948#t13+>#&4,\,7m18!/4:79),C(BQ4:A +60213-&187m1`^:%(794iC(B9521356%(!(

q+ s
>
%(+Pdf),%3
q @ s y (

,

%
D+ C(B979B9+,5,-/4P<`)v~7m13-/J:4,\5,%G-&135,B94PB9+>#&%(-/B94:- ~ %#"i#&%(-/B94:- z %(!$#1 A 0]4:7m13-/B9[135,4,\{C(4:+ ),+ ^:%(CH#&4:-`0]4:7m13-I

B9[13C(BQ4:A + x @q y7. ' s ' 9 K="7"C(B979B95,-/46-/43#t16%(+.y #&4:-/+,4E16!/) % j %'5,%'!/B9<=%H#&-[FA 1GC(4:+.^:%(794iC(B95213513+,J:),7m13- DK
*%(!/0,-/%(C(Bm13+,5,4=794:!W%Hg%(CH#&4:!D5,%_c]4:-/5,%3\,C[1379C(),79%3
1>s6k{13!5,%(+,!/B952135,%(!D5,%_C[13-/J>185,%_0]4:7m13-/B9[13C(BQ4:A +?~67m13!WC(4:-/-/B9%(+>#&%(!C(4:-/-/%(!/0]4:+,5,B9%(+>#&%(!(K
cs"7lC[13<=0]4'<?13J:+%HA #&B9C(48%(+#&4i5,4'%(7l%(!/0213C(B94,K

$ &
%
1>s6k{13!D5,%(+,!/B952135,%(!*5,%bC[13-/J>1=5,%b0]4:7m13-/B9[13C(BQ4:A +6!/4:+ x 'x \2~

x x9 \%(+ df),% 9 %(!;),+
^:%(CH#&4:-D),+,B}#t13-/B94`+,4:-/<?137oq#% "i#&%(-/B94:-ts1'7m1`!/),0]%(-$a2C(B9%_5,%(7{5,B9%(7H%(A CH#&-/B9C(4,K""+>#&4:+,C(%(!#&%(+,%(<=4:!
x x ' 3 3 ' q ' ?q ' s/s F
,4:-&1v\e%(+.7m1=!/),0]%(-$a2C(B9% '? y \ 9 ' 9 \e<=B9%(+>#&-&13!;df),%8%(+ '=z \ 9 ' 9 \ 0]4:-*794?#t13+>#&467m13!
5,%(+,!/B952135,%(!D!/),0]%(-$a2C(Bm1379%(!5,%_C[13-/J>185,%_0]4:7m13-/B9[13C(BQ4:A +G!/4:+e
y s y
zs z F
csk{13!*5,%(+,!/B952135,%(!_5,%`C[13-/J>1
b~
J:B9-&13+ %(+ #&4:-/+,4137% j %`5,%(7C(B979B9+,5,-/4,\0]4:-*794GC()21370,-/4i5,),C(%(+
5,%(+,!/B952135,%(!D5,%_C(4:-/-/B9%(+>#&%_!/),0]%(-$a2C(Bm1379%(!(\
x y
( 9 y ( 9
x z
( 9 y (B9 F
13-&1'C[1379C(),7m13-%(7lC[13<=0]4'<?13J:+%HA #&B9C(4,\v),!&13<=4:!W7m1879%H~GC(B9-/C(),B}#t137e5,% <=0]%(-/%3\,%(+P7m1`g4:-/<?1
x
3 4 x q | #s F
'
q b
'
q b
88
>
"7lC[13<=0]4'<?13J:+%HA #&B9C(4`#&B9%(+,%N7m185,B9-/%(C(C(BQ4:A +6^:%(-$#&B9C[137\ x 9 \20]4:-W7948df),%b%HîB95,%(+>#&% 0213-&1
' y \i~=#t13<`c,B9%(+G0213-&1 ' z K 4:<?13+,5,4`),+21b#&-&1[~:%(CH#&4:-/Bm1p-/%(CH#t13+,J:),7m13-(\v5,%N137}#&),-&1 e\i#&%(+,%(<=4:!
x
3 4x y >
0]4:-W7948#t13+>#&4
x y 9 F

G

Electro

Enviado por

Dados do documento

Título original

Direitos autorais

Formatos disponíveis

Compartilhar este documento

Compartilhar ou incorporar documento

Opções de compartilhamento

Você considera este documento útil?

Este conteúdo é inapropriado?

Direitos autorais:

Formatos disponíveis

Electro

Enviado por

Direitos autorais:

Formatos disponíveis



     !#"$&%' (

Y1 _=130 `a52;=C=<9;=>QDC=52PlOJD;=5 1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M2M

z}1ZdNO;=<9PRxB U DFjDx2;a<%U GQ8:7TDNO>vGDU GQ8:7TD 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |}0

F* ' #F "! ' $*hH& "() ' #

02021 }1 MqlOPR52i=J:<9EDFY 1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 r2|

NO;j<9>vGQ<K7TDVe U GQA=J:5nC=8:>R79A}GQ8:PR<9EF52>\J:52>\=<97I=52>6E+DU >\<9J:<9EF<9;HGIDJ:<9>\C=<KJDh<9J:<97%GQPR52>vGDU GQ8:7TD}1

 "!#%$&&' (*)+"-,.(*/"!

576857685 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ AQPRA J ?BGH=>CJLI K

8:8:8NOJ8:C=PR8:5n>R8:<9EFV=PR< '   '  DnJDhPR<9>R8:;BD}1

5768576 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ A K = =>CLJ I K

>R<V=A=<979<8:>RABDJ:8 TDP>R86>R<j>RA=>RV$<9;=C=<C=<9J6PR<9798:V=8:<9;HGQ<A=;+VBDPFC=<jJ DU EF8:;BD>nEF<%GDU J:8:7TD>7952;=<97%GIDCBD>DJ

5768576 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ A! JLK ==>CJLI K

`a52;=>R8:C=<9PR<9EF52>C=52>PR<9798:V=8:<9;HGQ<9>EF<%GDU J:8:7952> C=< 7952i=PR< 5DJ:A=EF8:;=8:B5 0TV$52Pe<]R<9EFV=J:5 S0DEhi$52>D8:>RJDC=52>e<9;HGQPR<

' #" $&/)%$

@<9>RA=J3GID 79JDPR5 A=<jJDA=<9P TD <9J%<9U 7%GQPR8:7TDb<9;HGQPR<jC=52>52iR<%GQ52>ED79PR52>R7e52U V=8:7952>FC=<9V$<9;=C=<C=<j>RA^52PRED}1

ON >V=PR52V$52PR798:52;BDJeDJ~V=PR5C=A=7%GQ5FC=<pJD>@7TDPRxHD>0 *  * ' 1\l52P6J:5nGID;HGQ5B0JDnA=<9P TDF<9>DGQPQD7%GQ83DVBDPQD

 && ' $   !. "! 

& )     & # *%,+ # && % 7

 ! ,4  $&$& "! ' #" (546(

celda centrada enri

?8:x2A=PQD021ZY  <952EF<%GQPT U DhC=<KJD>wA=<9P TD>@>R52i=PR<LC=8:>vGQPR8:i=A=798:52;=<9>wC=<L7TDPRxHD}1

465GQ<9EF52>FA=<j<9J6=<97I=5 A=<jGQPQDGQ<9EF52>7952;+A=;BD C=8:>vGQPR8:i=A=798 52U ;C=<j7TDPRxHD <9;^252J=UA EF<9;;=5 <9>J:5

 / "!  ,4   

`aABD;=C=5hA=;52iR<%GQ5h7TDPRxHDC=5p>R<uDV=PR5 }8:EDLDL5GQPRB5 0>R<<]R<9PR79<9;A=<9P TD>w<9J%<9U 7%GQPR8:7TD> >R52i=PR<uDEhi$52> 52i

?8:x2A=PQD021 M-su52>\7TDPRxHD>@V=A=;HGQABDJ:<9>@A=;=8:CBD>\V$52P@A=;WPR<9>R52PvGQ<1ac~Dn7TDPRxHDnC=<KJDn8 9A=8:<9PRCBDn<9>vGDnU SQD}1

_ 5 ' '  _  5  *   ' 

  " *( ! / $&/ ' #" *( )  !  / "!  ,4   !

7952;=>vGID;HGQ< 1uo<pA=8:<9PR<LC=<%GQ<9PREF8:;BDP6<9J~7TDEFV$5F<9J%<9U 7%GQPR8:795<9;jGQ5C=52>6J:52>@V=A=;HGQ52>C=<9J<9>RVBD798:5=1@NOJ:8 QDEF52>

C=52;=C=<L=<9EF52>\V=A=<9>vGQ5    O  @ fgJ:52>\J U EF83GQ<9>aC=<K8:;HGQ<9x2PQD798 52U ;g>R52; 0DC=<9E+DU >

-<9PR<9EF52>\7952EF5h7TDCBDnA=;BDnC=<<9>vGID>@V=PR52V=8:<9CBDC=<9>\V=A=<9C=<K<9>vGIDi=J:<979<9PR>R<KEhA}fDU 798:J:EF<9;HGQ<1"ui=>R<9Pv2< "

EF52>V=PR8:EF<9PR5bA=< <9>FA=;^V=A=;HGQ5 SR5B0 $V 52PJ:5bGID;HGQ5 V$5C=<9EF52>BD79<9PF<9J\7TDEhi=8:5 C=<WDPR8Di=J:<9>nC=<

 _      ' '  '  , '

<9>vGID =UA J3GQ8:EDL8:;HGQ<9x2PQDJ<9>\DU 798:JC=<K<%DJ:ABDP0}fHDA=<

us <%GQ<9PREF8:;BDPK<9J-7TDEFV$5<9J%<9U 7%GQPR8:795C=<9i=8:C=5DA=; JDEhi=PR<8:;}SB;=83GQ5B0~7952; C=<9;=>R8:CBDC C=<F7TDPRxHD   A=;=8 "

576 6 9S;>A G J I :8C  G

su<%GQ<9PREF8:;=<9EF52><9JH7TDEFV$5\<9J%<9U 7%GQPR8:795\C=<9i=8:C=56D\A=;BD\<9>v<9PQD@C=<-PQDC=8:5 "0 7952;LC=<9;=>R8:CBDCKC=<-7TDPRxHD\A=;=8352PREF<

? 8:x2A=PQD021 r-NO>v<9PQD>B52U J:8:CBDV0}C=<KPQDC=8:5 0=7952;C=<9;=>R8:CBDCC=<K7TDPRxHDnA=;=8352PREF<

o<C=<]QDn7952EF5n<]R<9PR798:798:5n7TDJ:79A=JDPa<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795nV=PR5C=A=798:C=5nV$52PwA=;BDn>RA=V$<9PvSB798:<K<9>v <9U PR8:7TDn7952;

!  _ 5 I '  7 VBDPQDy 

R(*!' #" (*)

 / "!  ,4   

sDCBD@A=;BD\C=8:>vGQPR8:i=A=798 52U ;KC=<-7TDPRxHD> 0<9;p7TDCBD\V=A=;HGQ5C=<9JH<9>RVBD798:56< }8:>vGQ< A=;L7TDEFV$5@<9J%<9U 7%GQPR8:795=1su<%SB;=8:EF52>

? 8:x2A=PQD021Z -c- U ;=<TD>\C=<K7TDEFV$5<9J%<9U 7%GQPR8:795B0=<9;HGQPR<KC=52>@7TDPRxHD>@C=<K>R8:x2;=552V=A=<9>vGQ5=1

sDC=5A=<gJD>pJ U ;=<TD>pC=<7TDEFV$5;=5GQ8:<9;=<9;A=;BDC=8:PR<979798 52U ; V=PR52V=8VD 0 V$52Ph<]R<9EFV=J:5B0 JD>pJ U ;=<TD>pC=<

R H ")+( '  N(*$&!.!

NOJ7952;=79<9V}GQ5nC=< BA"R5pGQ8:<9;=<u>RAW52PR8:x2<9;<9;gV=PR52i=J:<9ED>aC=<uEF<97eDU ;=8:7TDpC=< BA=8:C=52>0=7952EF5hA=;BDhED;=<9PQDpC=<

C=52;=C=<D=52PQD   <9> <9JB<9J:<9EF<9;HGQ5LC=<DU PR<TDKC=<6A=;BDK<9>v<9PQDLC=<6PQDC=8:5 A=<7952;HGQ8:<9;=<6DKJD7TDPRxHDKV=A=;HGQABDJ

lDPQDA=;BDC=8:>vGQPR8:i=A=798 52U ;gC=<K7TDPRxHD>@79ABDJ:A=8:<9PQDV0GQ<9;=<9EF52>

~c D>O< }V=PR<9>R8:52;=<9>6021 ufg02130 |u>R52;F<9A=83DJ:<9;HGQ<9>TDEhiBD>O>R52;wDU J:8:CBD> <9;Fx2<9;=<9PQDJ 1 c~Du52PREDu8:;HGQ<9x2PQDJ

GHA 7G M "K ?  G :; K

G V=GHA G ;  ;>I A2C<=G

`a52;=>R8:C=<9PR<9EF52>pA=;BD>RA=V$<9PvSB798:<<9>v <9U PR8:7TDC=<FPQDC=8:5 0A=<<9;=798:<9PRPQDjDWJDW7TDPRxHDWfGQ8:<9;=<F>RA 79<9;HGQPR5<9;

o <GQ8:<9;=<6A=;BDp7eDU >R7TDPQDp<9>v <9U PR8:7TD A=<97TD -C=<uPQDC=8:5 07952;7TDPRxHDpC=8:>vGQPR8:i=Ae U CBDA=;=8352PREF<9EF<9;HGQ<6>R52i=PR<u>RA

i WlDPQDp 1-NO;g<9>vGQ<u7TD>R5B0}JDK7TDPRxHDp<9;=79<9PRPQDCBDh<9> 5 _

576 6 G MOJ  ; "K :<G RA ;  K D K C ? J

o<6GQ8:<9;=<6A=;gDJDEhi=PR<@EhA}fJDPRx25L7952;7TDPRxHD   A=;=8352PREF< V$52P-A=;=8:CBDCC=<J:52;=x283GQA=C1 su<%GQ<9PREF8:;=<9EF52>

a` 52;=>R8:C=<9PR<9EF52>FV=PR8:EF<9PR5b<9J@V=PR52i=J:<9EDC=<9J6EF5 8:EF8:<9;HGQ5C=<7TDPRxHD>F<9;^7TDEFV$52><9J%<9U 7%GQPR8:7952><9>vGDU GQ8:7952>

J ?B; K =>C<G : 9 :<;>=@?BA J ? IG ? C<= J

2 !$*#9 ' "(  ' # 0

576 6 G  ;4?B; ;  ;>I A2C<= J

o <uGQ8:<9;=<A=;W7TD>RA=<%GQ<K<9>v <9U PR8:795C=<PQDC=8:5 0=7952;W7TDPRxHDh>RA=V$<9PvSB798DJ    1-su<%GQ<9PREF8:;BDPa<9JV$5GQ<9;=798DJ

su<%GQ<9PREF8:;=<9EF52><9J6V$5GQ<9;=798DJ@V=PR5C=A=798:C=5 V$52PFA=;BD J U ;=<TDbC=<j7TDPRxHD C=<jJDPRx25 Y 0\7952;^7TDPRxHD  V$52P

!#"$&%' (

Y1 _=130 `a52;=C=<9;=>QDC=52PlOJD;=5 1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1M2M

z}1ZdNO;=<9PRxB U DFjDx2;a<%U GQ8:7TDNO>vGDU GQ8:7TD 1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1L1L1L1L1K1L1L1L1L1L1L1K0 |}0

F* ' #F "! ' $*hH& "() ' #

NO;j<9>vGQ<K7TDVe U GQA=J:5nC=8:>R79A}GQ8:PR<9EF52>\J:52>\=<97I=52>6E+DU >\<9J:<9EF<9;HGIDJ:<9>\C=<KJDh<9J:<97%GQPR52>vGDU GQ8:7TD}1

"!#%$&&' ()+"-,.(/"!

576857685 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ AQPRA J ?BGH=>CJLI K

8:8:8NOJ8:C=PR8:5n>R8:<9EFV=PR< ' ' DnJDhPR<9>R8:;BD}1

5768576 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ A K = =>CLJ I K

>R<V=A=<979<8:>RABDJ:8 TDP>R86>R<j>RA=>RV$<9;=C=<C=<9J6PR<9798:V=8:<9;HGQ<A=;+VBDPFC=<jJ DU EF8:;BD>nEF<%GDU J:8:7TD>7952;=<97%GIDCBD>DJ

5768576 9 :<;>=@?BA2CEDF=GH=>CJLI KNMOJ A! JLK ==>CJLI K

`a52;=>R8:C=<9PR<9EF52>C=52>PR<9798:V=8:<9;HGQ<9>EF<%GDU J:8:7952> C=< 7952i=PR< 5DJ:A=EF8:;=8:B5 0TV$52Pe<]R<9EFV=J:5 S0DEhi$52>D8:>RJDC=52>e<9;HGQPR<

' #" $&/)%$

@<9>RA=J3GID 79JDPR5 A=<jJDA=<9P TD <9J%<9U 7%GQPR8:7TDb<9;HGQPR<jC=52>52iR<%GQ52>ED79PR52>R7e52U V=8:7952>FC=<9V$<9;=C=<C=<j>RA^52PRED}1

ON >V=PR52V$52PR798:52;BDJeDJ~V=PR5C=A=7%GQ5FC=<pJD>@7TDPRxHD>0 * * ' 1\l52P6J:5nGID;HGQ5B0JDnA=<9P TDF<9>DGQPQD7%GQ83DVBDPQD

&& ' $ !. "!

& ) & # *%,+ # && % 7

! ,4 $&$& "! ' #" (546(

?8:x2A=PQD021ZY <952EF<%GQPT U DhC=<KJD>wA=<9P TD>@>R52i=PR<LC=8:>vGQPR8:i=A=798:52;=<9>wC=<L7TDPRxHD}1

465GQ<9EF52>FA=<j<9J6=<97I=5 A=<jGQPQDGQ<9EF52>7952;+A=;BD C=8:>vGQPR8:i=A=798 52U ;C=<j7TDPRxHD <9;^252J=UA EF<9;;=5 <9>J:5

/ "! ,4

`aABD;=C=5hA=;52iR<%GQ5h7TDPRxHDC=5p>R<uDV=PR5 }8:EDLDL5GQPRB5 0>R<<]R<9PR79<9;A=<9P TD>w<9J%<9U 7%GQPR8:7TD> >R52i=PR<uDEhi$52> 52i

?8:x2A=PQD021 M-su52>\7TDPRxHD>@V=A=;HGQABDJ:<9>@A=;=8:CBD>\V$52P@A=;WPR<9>R52PvGQ<1ac~Dn7TDPRxHDnC=<KJDn8 9A=8:<9PRCBDn<9>vGDnU SQD}1

_ 5 ' ' _ 5 * '

" ( ! / $&/ ' #" ( ) ! / "! ,4 !

7952;=>vGID;HGQ< 1uo<pA=8:<9PR<LC=<%GQ<9PREF8:;BDP6<9J~7TDEFV$5F<9J%<9U 7%GQPR8:795<9;jGQ5C=52>6J:52>@V=A=;HGQ52>C=<9J<9>RVBD798:5=1@NOJ:8 QDEF52>

C=52;=C=<L=<9EF52>\V=A=<9>vGQ5 O @ fgJ:52>\J U EF83GQ<9>aC=<K8:;HGQ<9x2PQD798 52U ;g>R52; 0DC=<9E+DU >

-<9PR<9EF52>\7952EF5h7TDCBDnA=;BDnC=<<9>vGID>@V=PR52V=8:<9CBDC=<9>\V=A=<9C=<K<9>vGIDi=J:<979<9PR>R<KEhA}fDU 798:J:EF<9;HGQ<1"ui=>R<9Pv2< "

EF52>V=PR8:EF<9PR5bA=< <9>FA=;^V=A=;HGQ5 SR5B0 $V 52PJ:5bGID;HGQ5 V$5C=<9EF52>BD79<9PF<9J\7TDEhi=8:5 C=<WDPR8Di=J:<9>nC=<

_ ' ' ' , '

<9>vGID=UA J3GQ8:EDL8:;HGQ<9x2PQDJ<9>\DU 798:JC=<K<%DJ:ABDP0}fHDA=<

us <%GQ<9PREF8:;BDPK<9J-7TDEFV$5<9J%<9U 7%GQPR8:795C=<9i=8:C=5DA=; JDEhi=PR<8:;}SB;=83GQ5B0~7952; C=<9;=>R8:CBDC C=<F7TDPRxHD A=;=8 "

576 6 9S;>A G J I :8C G

su<%GQ<9PREF8:;=<9EF52><9JH7TDEFV$5\<9J%<9U 7%GQPR8:795\C=<9i=8:C=56D\A=;BD\<9>v<9PQD@C=<-PQDC=8:5 "0 7952;LC=<9;=>R8:CBDCKC=<-7TDPRxHD\A=;=8352PREF<

? 8:x2A=PQD021 r-NO>v<9PQD>B52U J:8:CBDV0}C=<KPQDC=8:5 0=7952;C=<9;=>R8:CBDCC=<K7TDPRxHDnA=;=8352PREF<

o<C=<]QDn7952EF5n<]R<9PR798:798:5n7TDJ:79A=JDPa<9Je7TDEFV$5n<9J%<9U 7%GQPR8:795nV=PR5C=A=798:C=5nV$52PwA=;BDn>RA=V$<9PvSB798:<K<9>v <9U PR8:7TDn7952;

! _ 5 I ' 7 VBDPQDy

R(!' #" ()

/ "! ,4

sDCBD@A=;BD\C=8:>vGQPR8:i=A=798 52U ;KC=<-7TDPRxHD> 0<9;p7TDCBD\V=A=;HGQ5C=<9JH<9>RVBD798:56< }8:>vGQ< A=;L7TDEFV$5@<9J%<9U 7%GQPR8:795=1su<%SB;=8:EF52>

? 8:x2A=PQD021Z -c- U ;=<TD>\C=<K7TDEFV$5<9J%<9U 7%GQPR8:795B0=<9;HGQPR<KC=52>@7TDPRxHD>@C=<K>R8:x2;=552V=A=<9>vGQ5=1

sDC=5A=<gJD>pJ U ;=<TD>pC=<7TDEFV$5;=5GQ8:<9;=<9;A=;BDC=8:PR<979798 52U ; V=PR52V=8VD 0 V$52Ph<]R<9EFV=J:5B0 JD>pJ U ;=<TD>pC=<

R H ")+( ' N(*$&!.!

NOJ7952;=79<9V}GQ5nC=< BA"R5pGQ8:<9;=<u>RAW52PR8:x2<9;<9;gV=PR52i=J:<9ED>aC=<uEF<97eDU ;=8:7TDpC=< BA=8:C=52>0=7952EF5hA=;BDhED;=<9PQDpC=<

C=52;=C=<D=52PQD <9> <9JB<9J:<9EF<9;HGQ5LC=<DU PR<TDKC=<6A=;BDK<9>v<9PQDLC=<6PQDC=8:5 A=<7952;HGQ8:<9;=<6DKJD7TDPRxHDKV=A=;HGQABDJ

lDPQDA=;BDC=8:>vGQPR8:i=A=798 52U ;gC=<K7TDPRxHD>@79ABDJ:A=8:<9PQDV0GQ<9;=<9EF52>

~c D>O< }V=PR<9>R8:52;=<9>6021 ufg02130 |u>R52;F<9A=83DJ:<9;HGQ<9>TDEhiBD>O>R52;wDU J:8:CBD> <9;Fx2<9;=<9PQDJ 1 c~Du52PREDu8:;HGQ<9x2PQDJ

GHA 7G M"K ? G :; K

G V=GHA G ; ;>I A2C<=G

`a52;=>R8:C=<9PR<9EF52>pA=;BD>RA=V$<9PvSB798:<<9>v <9U PR8:7TDC=<FPQDC=8:5 0A=<<9;=798:<9PRPQDjDWJDW7TDPRxHDWfGQ8:<9;=<F>RA 79<9;HGQPR5<9;

o <GQ8:<9;=<6A=;BDp7eDU >R7TDPQDp<9>v <9U PR8:7TD A=<97TD -C=<uPQDC=8:5 07952;7TDPRxHDpC=8:>vGQPR8:i=Ae U CBDA=;=8352PREF<9EF<9;HGQ<6>R52i=PR<u>RA

i WlDPQDp 1-NO;g<9>vGQ<u7TD>R5B0}JDK7TDPRxHDp<9;=79<9PRPQDCBDh<9> 5 _

576 6 G MOJ ; "K :<G RA ; K D K C ? J

o<6GQ8:<9;=<6A=;gDJDEhi=PR<@EhA}fJDPRx25L7952;7TDPRxHD A=;=8352PREF< V$52P-A=;=8:CBDCC=<J:52;=x283GQA=C1 su<%GQ<9PREF8:;=<9EF52>

a` 52;=>R8:C=<9PR<9EF52>FV=PR8:EF<9PR5b<9J@V=PR52i=J:<9EDC=<9J6EF5 8:EF8:<9;HGQ5C=<7TDPRxHD>F<9;^7TDEFV$52><9J%<9U 7%GQPR8:7952><9>vGDU GQ8:7952>

2 !$*#9 ' "( ' # 0

576 6 G ;4?B; ; ;>I A2C<= J

o <uGQ8:<9;=<A=;W7TD>RA=<%GQ<K<9>v <9U PR8:795C=<PQDC=8:5 0=7952;W7TDPRxHDh>RA=V$<9PvSB798DJ 1-su<%GQ<9PREF8:;BDPa<9JV$5GQ<9;=798DJ

su<%GQ<9PREF8:;=<9EF52><9J6V$5GQ<9;=798DJ@V=PR5C=A=798:C=5 V$52PFA=;BD J U ;=<TDbC=<j7TDPRxHD C=<jJDPRx25 Y 0\7952;^7TDPRxHD V$52P

lDPQDPR<TDJ:8 TDPw<9>vGQ<L7 J:U 79A=J:B5 0}BDPR<9EF52>\A=;7TDEhi=8:5>R8:EFV=J:U< 0}V$52;=8:<9;=C=5 g

<9;jA=<KJ:52>\J U EF83GQ<9>aC=<K8:;HGQ<9x2PQD798 52U ;g>R52;jD=52PQD f ' 0=<9;A=<

o<KV=PR52V$52;=<K7952EF5<]R<9PR798:798:5<9Je7eDU J:79A=J:5C=<K<9>vGIDF8:;HGQ<9x2PQDJ 1 -<9PR83SBA=<KA=U< 079ABD;=C=5^>R<KBD79<LEhA}f

$ (* "! '

!.!

798 52U ;W>R<LPR<9A=8:<9PR<KC=<K7952;=C=8:798:52;=<9>\C=<Ki$52PRC=<1

&'& "! ' '

l DPQDW2<9PpJDW;=<979<9>R8:CBDC C=<F8:EFV$52;=<9PK7952;=C=8:798:52;=<9>LC=<Fi$52PRC=<U0 D>R8-7952EF5<9;HGQ<9;=C=<9Ph<9; Aa<U 7952;=>R8:>vGQ<9;40

? 8:x2A=PQD021 z-lOJD;=58:;}SB;=83GQ5B0}7952;7TDPRxHD 0BV$52P\A=;=8:CBDCWC=<LDPR<TD}1

?8:x2A=PQD021 O<952EF<%GQPT U DC=<JD>-7952;=C=8:798:52;=<9> C=<i$52PRC=<1Oc~DL7952EFV$52;=<9;HGQ<C=< =; 52PREDJ$DKJDK>RA=V$<9PvSB798:<

6;nEF<9C=8:57952;=C=A=7%GQ52P <9> A=;nEDGQ<9PR8DJH<9;n<9J}A=<wJ:52>V$52PvGIDC=52PR<9> C=<a7TDPRxHDV$52>R<9<9;J:8:i$<9PvGIDCLC=<wEF5 2<9PR>R<

/ "! ,4

&'&$& ,. H "!

6857685 GHA 7G M"K ? G : 9S;>A G

c~Dn<979ABD798 52U ;jD;HGQ<9PR8:52PaGQ8:<9;=<KA=;BD>R52J:A=798 52U ;gC=<KJDh52PRED

R H")+( ' & ' (*'

,.' ' >) ( " "!

NO> A=;FE<%U GQ5C=5KA=<@>R<6A=>QDKVBDPQDPR<9>R52J32<9P JDu<979ABD798 52U ;FC=<6c~DV=JD79<\<9;DJ:x2A=;=52>O7TD>R52> C=<6DJ3GIDu>R8:EF<%GQPT U D}1

? 8:x2A=PQDY1 M-lOJD;=58:;}SB;=83GQ5B0=DhGQ8:<9PRPQDV0=7952;A=;BDn7TDPRxHDV=A=;HGQABDJ * DJPR<9;HGQ<1

(5 ( ' ('

Y! 0 O & ' ' Y ' * T