Você está na página 1de 15

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

()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

>!H&-,0<Q32&!0!1!1A-0*%2@1?04!*&!Th!.2+3&!%&!)*52*&!B[52+&!

!
$

-2Y>'15J9239:''
)5+&31$#6F0-2&-$%0$)%6+19:&$%0$#0,dA13J$(*5,2,6,&$@&32,H+*2+&$%0$#0,dA13$$

(*05G+6*QuQ&,41237+&4$

+6<=9'15236'
$)5+&31$#6F0-2&-$%0$)%6+19:&$%0$#0,dA13J$(*5,2,6,&$@&32,H+*2+&$%0$#0,dA13$
!
_&-O07F2*,&u05072F57F,$

=0564&!

a$ F-&+055&$ %0$ 16,&--0O6319:&$ *:&$ 50$ %050*8&380$ *&5$ 136*&5$ %0$ <&-41$ 05F&*,g*017$
o05,0$50*,2%&J$H$*0+055>-2&$F-0F1-1-$&$,-1A13Q&$+&4$&5$136*&5J$1$<24$%0$50$+&*50O62-$
641$ 16,&--0O6319:&$ 0<2+1P$ 0$ 641$ 1F-&F-219:&$ %&$ 52O*2<2+1%&$ %&5$ &AY0,28&5$ %0$
1F-0*%2P1O047$
o&$g4A2,&$%&$]05,-1%&$04$)%6+19:&$@-HG)5+&31-$0$)*52*&$%&$Di$.2+3&$%&$)*52*&$b>52+&$
-0132P02$ 64$ 05,6%&$ +&4$ &$ &AY0,28&$ %0$ +&4F-00*%0-$ &$ +&*,-2A6,&$ %&$ @&-,0<Z32&J$
0*k61*,&$ 2*5,-640*,&$ m16,&n$ -0O631%&-$ %1$ 1F-0*%2P1O047$ !5524$ 15$ *&5515$ Q2FZ,0505$
%0$ ,-1A13Q&$ +&*525,2-14$ 04$ 1*13251-$ +&4&$ 50$ *0O&+2&6$ +&4$ &5$ 136*&5$ &$ F-&+055&$ %0$
+&*5,-69:&$0$+&4&$<&2$%2*142P1%&$0$6,232P1%&$&$F&-,0<Z32&J$04$5131$%0$16317$.&4$05,1$
1*>3250$F-&+6->4&5$F0-+0A0-$,14AH4$+&4&$H$k60$&5$136*&5$08&36X-14$*05,0$F0-+6-5&$
04$ ,0-4&5$ %1$ 561$ 1F-&F-219:&$ %05,0$ 2*5,-640*,&$ F1-1$ &$ %050*8&38240*,&$ %15$ 5615$
1F-0*%2P1O0*57$$
!$ 40,&%&3&O21$ 1%&,1%1$ 2*5+-080G50$ *641$ 1A&-%1O04$ k6132,1,281$ +&4$ 64$ %052O*$
F-ZT24&$ %1$ 2*805,2O19:&G19:&7$ a5$ %1%&5$ <&-14$ -0+&3Q2%&5$ 1,-18H5$ %1$ &A50-819:&J$
2*k6H-2,&$1,-18H5$%0$0*,-0825,15$0$k605,2&*>-2&$0$12*%1$1,-18H5$%0$1*>3250$%&+640*,13$
%&5$F&-,0<Z32&5$%&5$136*&57$@1-1$1$1*>3250$%0$%1%&5$6,232P&6G50$1$1*>3250$%0$+&*,0d%&J$
04$k60$15$+1,0O&-215$50$<&-14$+&*5,-62*%&$*&$%0+6-5&$%&$,-1A13Q&7$$

BCW$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

a5$ -0563,1%&5$ 4&5,-14$ k60$ 1$ 1F-&F-219:&$ %0$ 64$ ,-1A13Q&$ *&8&$ H$ O-1%613$ 0$ k60$ 1$
6,232P19:&$ %&$ F&-,0<Z32&J$ 0*k61*,&$ 2*5,-640*,&$ %0$ 16,&--0O6319:&J$ +&*,-2A62$ F1-1$ &$
%050*8&38240*,&$ %0$ 64$ +&*Y6*,&$ %0$ 1F-0*%2P1O0*5$ k60$ 50$ -031+2&*14$ +&4$ 15$ >-015$
+6--2+631-05J$ 415$ ,14AH4$ +&4$ 1$ 16,&*&4217$ a$ 05,6%&$ ,14AH4$ 4&5,-1$ k60$ &$
F&-,0<Z32&$ 155640G50$ +&4&$ 64$ 2*5,-640*,&$ F&-$ 0T+03c*+21$ F1-1$ 1$ 1,-2A629:&$ %0$
<00%A1+xJ$k60$,14AH4$F&552A232,1$k60$&5$136*&5$403Q&-04$&$506$%0504F0*Q&7$
$

H1318-15b+\180;$!813219:&$<&-41,281q$@&-,0<Z32&q$!F-0*%2P1O04q$Di$+2+3&$%&$)b7!

!
"U5,-1+,!
"Q0$F-&+055$&<$503<G-0O631,2&*$%&05$*&,$%0803&F$2*$,Q0$5,6%0*,5$2*$1$5F&*,1*0&65$S1`7$
(*$,Q25$50*50J$2,$25$*0+0551-`$,&$F-0F1-0$5,6%0*,5$,&$S&-x$2*$&-%0-$,&$1+Q2080$0<<0+,280$
503<G-0O631,2&*J$1*%$&S*0-5Q2F$&<$,Q0$401*2*O$&<$,Q0$301-*2*O$&AY0+,28057$
(*$,Q0$+&*,0T,$&<$]15,0-5$2*$@-05+Q&&3$1*%$@-241-`$"01+Q2*O$)%6+1,2&*$S0$+&*%6+,0%$1$
5,6%`$1240%$1,$6*%0-5,1*%2*O$,Q0$+&*,-2A6,2&*$&<$,Q0$@&-,<&32&$15$1*$2*5,-640*,$m503<n$
+&*,-&3$&<$ 301-*2*O7$#&$&6-$ S&-x2*O$ Q`F&,Q0505$ +&*525,0%$ &<$0T142*2*O$Q&S$ 5,6%0*,5$
Q180$*0O&,21,0%$S2,Q$,Q0$+&*5,-6+,2&*$F-&+055$1*%$Q&S$2,$S15$650%$1*%$%0803&F0%$,Q0$
F&-,<&32&$2*$,Q0$+3155-&&47$~2,Q$,Q25$1*13`525$S0$135&$,-`$,&$6*%0-5,1*%$Q&S$5,6%0*,5$
F-&O-0550%$2*$,Q25$F1,Q$2*$,0-45$&<$,Q02-$1FF-&F-21,2&*$&<$,Q25$,&&3$<&-$,Q0$%0803&F40*,$
&<$,Q02-$301-*2*O7$
"Q0$ 40,Q&%&3&O`$ 25$ F1-,$ &<$ 1$ k6132,1,280$ 1FF-&1+Q$ S2,Q$ 1$ %052O*$ +3&50$ ,&$ ,Q0$ 1+,2&*$
-0501-+Q7$ /1,1$ S0-0$ +&330+,0%$ ,Q-&6OQ$ &A50-81,2&*J$ 2*805,2O1,2&*$ ,Q-&6OQ$ 2*,0-820S5$
1*%$k605,2&**12-0$1*%$135&$,Q-&6OQ$%&+640*,1-`$1*13`525$&<$F&-,<&32&5$&<$5,6%0*,57$j&-$
%1,1$1*13`525$S0$650%$,Q0$+&*,0*,$1*13`525J$SQ0-0$,Q0$+1,0O&-205$1-0$O&*0$%6-2*O$,Q0$
A623%2*O$S&-x7$$
"Q0$ -0563,5$ 5Q&S$ ,Q1,$ &S*0-5Q2F$ &<$ 1$ *0S$ S&-x$ 25$ O-1%613$ 1*%$ ,Q1,$ ,Q0$ 650$ &<$ ,Q0$
F&-,<&32&$ 15$ 1$ ,&&3$ <&-$ 503<G-0O631,2&*$ +&*,-2A6,05$ ,&$ ,Q0$ %0803&F40*,$ &<$ 1$ 50,$ &<$
301-*2*O$,Q1,$-031,0$,&$+6--2+6364$1-015J$A6,$135&$S2,Q$16,&*&4`7$"Q0$5,6%`$135&$5Q&S5$
,Q1,$ ,Q0$ F&-,<&32&$ 25$ 155640%$ 15$ 1*$ 2*5,-640*,$ F1-$ 0T+0330*+0$ <&-$ ,Q0$ 1552O*40*,$
<00%A1+xJ$SQ2+Q$135&$0*1A305$5,6%0*,5$,&$24F-&80$,Q02-$F0-<&-41*+0$
c0]d&-%5;$j&-41,280$!5505540*,J$@&-,<&32&J$N01-*2*O$2*$,Q0$@-241-`$)%6+1,2&*$
BCV$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

(*,-&%69:&!
$

w61*%&$1$1813219:&$H$0*,0*%2%1$+&4&$64$402&$%0$-0O6319:&$%1$1F-0*%2P1O04J$56-O0$
&$ F&-,0<Z32&J$ 0*k61*,&$ 2*5,-640*,&$ %0$ 16,&1813219:&7$ )5,0$ +&*5,2,62G50$ +&4&$ 641$
`)A&96/  @)-6)B0(  () 6.C8AY () C7 &984C8B9 7 0A G AB9 () B@ % 6/9Aa$ m@2*,&J$ BCDCJ$
F7fn7$)5,1$05+&3Q1$0T2O0$0*,:&$k60$&5$136*&5$5030+2&*04$6*5$,-1A13Q&5$04$%0,-240*,&$
%0$&6,-&5J$k60$-0<32,14$5&A-0$&$k60$1F-0*%0-14$0$k60$2%0*,2<2k604$&5$F&*,&5$<-1+&5$0$
<&-,05$%&$506$,-1A13Q&7$
a$ F&-,0<Z32&$ 1&$ %1-$ 8&P$ 1&$ F-2*+2F13$ *1--1%&-$ F0-42,0$ &$ %050*8&38240*,&$ %1$ 561$
+1F1+2%1%0$%0$F0*51-$0$-0<30,2-$5&A-0$15$5615$F-ZF-215$1F-0*%2P1O0*5$0$%0$16,&--0O631-$
&$ 506$ F-ZF-2&$ F-&+055&$ %0$ 0*52*&$ 0$ 1F-0*%2P1O047$ o05,0$ 50*,2%&J$ F-&F&-+2&*1$ 641$
825:&$O3&A13$%&$,-1A13Q&$-0132P1%&$F03&5$136*&5$ 0$%1$561$08&369:&J$04$%0,-240*,&$%0$
641$825:&$+&*<2*1%1$1$15F0,&5$25&31%&5$&6$F&*,6125$%1k623&$k60$&5$136*&5$<1P047$(5,&$
F0-42,0$+-21-$52,619I05$%0$1F&2&$0$1Y6%1$m@2*,&J$BCDCn7$
!$2*,-&%69:&$%&$F&-,0<Z32&$*:&$H$*1,6-13$0$05F&*,g*01J$F&25$46%1$56A5,1*+21340*,0$1$
3ZO2+1$%1$1813219:&7$!5524J$&$F-&<055&-$,04$%0$+-21-$&F&-,6*2%1%05$F1-1$k60$&5$136*&5$
50$ 1F-&F-204$ %&$ ,-1A13Q&$ 0$ %&$ 52O*2<2+1%&$ %&5$ 5065$ &AY0,28&5$ 04$ ,0-4&5$ %0$
1F-0*%2P1O047$h4$+142*Q&$F&55X803$F1-1$<1PcG3&$H$1,-18H5$%0$64$F-&+055&$*0O&+21%&7$
)5,0$05,6%&J$1&$F-&+6-1-$+&4F-00*%0-$&$+&*,-2A6,&$%&$F&-,0<Z32&$F1-1$1$1F-0*%2P1O04$
%0$ ,&%&5$ &5$ 136*&5J$ ,04$ +&4&$ F&*,&$ %0$ F1-,2%1$ F0-+0A0-$ +&4&$ H$ k60$ &5$ 136*&5$
F0*514$15$,1-0<15$2*0-0*,05$1&$F&-,0<Z32&$0$+&4&$05,0$,-1A13Q&$+&*,-2A62$F1-1$15$5615$
1F-0*%2P1O0*57$$
!

"81321-!+&4&!641!,1-0<1!%0!1A-0*%2@1?04!!

)5,0$05,6%&$F-0556FI0$1$2*,-&%69:&$%0$64$2*5,-640*,&$%0$,-1A13Q&$*1$5131$%0$1631$f$a$
@&-,0<Z32&$ k60$ 24F32+1$ 641$ 13,0-19:&$ *1$ F0%1O&O21$ 1%&,1%1J$ F1551*%&$ 15524$ %1$
F0%1O&O21$%&$0*52*1-$F1-1$1$F0%1O&O21$%&$1F-0*%0-7$$
o1$F0%1O&O21$%&$0*52*1-J$0T25,0$641$412&-$F-0&+6F19:&$+&4$1$1k62529:&$%0$51A0-05$
,0Z-2+&5J$ k60$ 50$ 1556404$ +&4&$ F-&%6,&$ <2*13J$ 504$ ,0-$ 04$ 1,0*9:&$ 15$ 5615$
F&,0*+2132%1%05$ %0$ 65&$ *&$ k6&,2%21*&J$ F1-1$ 13H4$ %0$ 0T25,2-$ 64$ F-&+055&$ %0$

BDC$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

,-1*54255:&$ %0$ +&*Q0+240*,&$ 0TF&52,28&$ %0$ <&-41$ F-HG05,1A030+2%1$ F&-$ F1-,0$ %&$
F-&<055&-$0$641$6*2<&-42P19:&$%&5$,04F&5$30,28&5J$4H,&%&5$0$,-1A13Q&5J$05k60+0*%&$
1$ +-21*91$ 0*k61*,&$ 50-$ 2*%282%613$ 0$ 16,Z*&4&7$ /0$ 64$ 4&%&$ O0-13J$ F&%04&5$ -0<0-2-$
k60$ 1$ F0%1O&O21$ %&$ 0*52*1-$ +0*,-1GA) `8  6:.0&  (9A A %)@05J$ *&$ +&*Q0+240*,&$ k60$
?C)@ G08&C6 @Y i]j B@ G+A (  )A&96/  C80(0@)&098 6 (9A A %)@)A  A)@)7 B@ 8A70B0(9A
i]ji60G)0@  9@79A08/9YtrryY>\syj$
!$Q25,Z-21$%1$F0%1O&O21$&<0-0+0G*&5$402&5$F1-1$F0*51-$04$F->,2+15$4125$52O*2<2+1,2815$
0$04$+&*5&*g*+21$+&4$1$@) 60( ())(C& B0G Y()A -0 8(9 AA079`&C@@1&C69E80&9a) 
46%1*91$ %0$ F->,2+15$ 462,&$ +0*,-1%15$ *&$ F-&<055&-$ F1-1$ &6,-15$ &*%0$ &$ 136*&$ H$
+&*52%0-1%&$ F-&,1O&*25,1$ %1$ 561$ 1F-0*%2P1O047$ !,-18H5$ %05,0$ 0*8&38240*,&J$
%0,0-42*1GA)  `>@"I0A &979 6:&CA (  )( .9.0 a i60G)0@ Gj&-4&52*Q&J$ BCCfJ$ F7DfnJ$
>90A)8G96G)`C7>@9&)AA908B)@ B0G9()(0"69.9)&98-@98B9)8B@)&@)8' A)A %)@)AY
0*,-0$51A0-05$0$F->,2+15J$0*,-0$F->,2+15$0$+-0*915$0$0*,-0$05,05$F&3&5$04$2*,0-19:&$0$&5$
&98B)IB9A )8G96G)8B)Aa i60G)0@ Gj&-4&52*Q&J$ BCCfJ$ F7Dfn7$ /05,0$ 4&%&J$ F-0&+6F1G50$
04$F-&4&80-$&$%050*8&38240*,&$Q&3X5,2+&$%&$2*%282%6&$1,-18H5$%0$4d3,2F315$2*,0-19I05$
m2*,0-19:&$136*&G136*&q$F-&<055&-G136*&$0$136*&G41,0-213n7$
o&$+14F&$F0%1OZO2+&$0T25,04$%&25$O-1*%05$,2F&5$%0$1813219:&;$1$1813219:&$5641,281$0$
1$1813219:&$<&-41,2817$!$2*,-&%69:&$%&$F&-,0<Z32&$,14AH4$F-0556FI0$641$13,0-19:&$*&$
4&%03&$ %0$ 1813219:&$ 1%&,1%&7$ !5524J$ %02T14&5$ 1$ 1813219:&$ 5641,281$ F1-1$ *&5$
+0*,-1-4&5$ *1$ 1813219:&$ <&-41,2817$ a6$ 50Y1J$ %02T14&5$ 1$ 1813219:&$ -0132P1%1$
0T+36528140*,0$ F03&$ F-&<055&-J$ k60$ 50$ +0*,-1$ *&5$ F-&%6,&5$ %0$ ,-1A13Q&$ 0$ k60$ ,04$
+&4&$ &AY0,28&$ 80-2<2+1-$ 0$ +0-,2<2+1-$ 1F-0*%2P1O0*5J$ F1-1$ *&5$ +0*,-1-4&5$ *1$ 1813219:&$
k60$ F&552A232,1$ 1$ F1-,2+2F19:&$ %&$ 136*&J$ k60$ 50$ +0*,-1$ ,1*,&$ *&$ F-&+055&$ +&4&$ *&$
F-&%6,&$ %0$ ,-1A13Q&$ 0$ k60$ ,04$ +&4&$ &AY0,28&$ 403Q&-1-$ 0$ -0O631-$ &$ F-&+055&$ %0$
1F-0*%2P1O047$ /05,1$ <&-41J$ F15514&5$ %0$ 641$ 1813219:&$ k60$ 50$ 1F-050*,1$ +&4&$ 1$
` G 60 '$9 ( A >@)8(0K .)8Aa > @ C7  G 60 '$9 ?C) A) AAC7) &979  ` G 60 '$9
> @  A >@)8(0K .)8Aai6 &5o0660 708$@2*,&J$BCDCJ$F7En7$$
a$F&-,0<Z32&$0*k61*,&$2*5,-640*,&$%0$16,&1813219:&$-0O631%1$+&*5,2,62G50$+&4&$641$
<0--140*,1$ &-O1*2P1%1$ %0$ ,-1A13Q&5$ F-&%6P2%&5$ F03&5$ 136*&5J$ %6-1*,0$ 64$
%0,0-42*1%&$F0-X&%&$%0$,04F&J$k60$2365,-1$0$%&+640*,1$1$1F-0*%2P1O04$0$1$-0<30T:&$

BDD$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

%050*8&382%15$m@2*,&$^$#1*,&5J$BCCLn7$o05,0$F-&+055&J$&$136*&$-0<30,0$5&A-0$15$%280-515$
0TF0-2c*+215$%0$1F-0*%2P1O04J$Y65,2<2+1*%&$1$561$05+&3Q1$0J$F&-$255&J$05,14&5$F0-1*,0$
64$ F-&+055&$ k60$ 1F031$ 1&$ F0*5140*,&$ -0<30T28&$ 0$ t$ 40,1+&O*29:&$ m@2*,&$ ^$ #1*,&5J$
BCCLn7$
o&$ %050*8&38240*,&$ %0$ ,&%&$ 05,0$ F-&+055&J$ &$ F-&<055&-$ %0504F0*Q1$ 64$ F1F03$ %0$
0T,-041$ 24F&-,g*+21J$ F&25$ %080$ 05,1A030+0-$ 0*+&*,-&5$ F0-2Z%2+&5$ +&4$ &$ 136*&$ F1-1$
1*13251-$ &$ 506$ F&-,0<Z32&$ mb0-*1-%05$ ^$ ]2-1*%1J$ BCCMnJ$ 1$ <24$ %0$ +&*Q0+0-$ &5$ 5065$
F&*,&5$<&-,05$0$<-1+&5$F1-1$k60$+&*52O1$1Y65,1-$1$561$19:&$0$2*,0-80*9:&J$*&$50*,2%&$%0$
1Y6%1-$1$56F0->G3&57$!5524J$1*,05$%0$50$-06*2-$+&4$&5$136*&5J$&$F-&<055&-$%080$80-$&5$
F&-,0<Z32&5J$,&41-$*&,15$5&A-0$15$k605,I05$1$+&3&+1-$%6-1*,0$&$0*+&*,-&J$F1-1$,&-*1-$&$
4&40*,&$ 8C7 `(0"69.9 &98AB@CB0G9a i)@8 @()A o 0@ 8( Y trruY >\tyj\ A 7)A7 A
16,&-15J$1<2-414$k60$%6-1*,0$05,0$%2>3&O&$&$F-&<055&-$%080$%02T1-$&$136*&$<131-$5&A-0$
&$k60$1F-0*%06$0$0TF32+1-$15$5615$&F9I05J$*0O&+21*%&$0$F31*2<2+1*%&$F&5,0-2&-40*,0$
+&4$030$&5$15F0,&5$1$403Q&-1-$0R&6$15$0,1F15$50O62*,057$.&4&$,13J$&$F&-,0<Z32&$H$64$
2*5,-640*,&$ k60$ F&552A232,1$ k60$ &$ +6--X+63&$ 0$ 1$ F->,2+1$ %&+0*,0$ 50Y14$ 1%0k61%&5$ 1$
+1%1$136*&J$O1-1*,2*%&$0$-05F02,1*%&J$15524J$1$%2<0-0*+219:&$F0%1OZO2+17$$
#0*%&$ &$ F&-,0<Z32&$ 64$ 2*5,-640*,&$ -0O631%&-J$ 030$ H$ ,14AH4$ 64$ F-0,0T,&$ F1-1$ 1$
1,-2A629:&$%0$<00%A1+xJ$641$80P$k60$&5$136*&5$F1-1$403Q&-1-04$0$-0O631-04$15$5615$
1F-0*%2P1O0*5$ *0+0552,14$ %0$ &-20*,19I05$ 525,04>,2+15$ 0$ %0$ 1813219I05$ %&5$ 5065$
,-1A13Q&57$ !5524J$ *&$ %050*8&38240*,&$ %0$ 641$ 1813219:&$ <&-41,281J$ &$ <00%A1+x$ H$ 64$
-0k6252,&$ <6*%140*,13$ F1-1$ &$ F-&O-055&$ %15$ 1F-0*%2P1O0*5$ %&5$ 136*&5$ m"6*5,133$ 0$
?2FF5JDVVLn7$ /0$ <1+,&J$ H$ 1,-18H5$ %05,0$ %1%&$ %0$ 641$ <&-41$ -0O631-$ k60$ &5$ 136*&5$
>9()7`&97)' @ ()A)8G96G)@&97>)B,8&0 A() CB9 G 60 '$9) CB9@-0O6319:&$%15$
AC A >@)8(0K .)8Aa i )@8 8()AY trrwY >\zvj (C@ 8B) ) 89 -08 6 () C7 >)@19(9 ()
1F-0*%2P1O04J$F&%0*%&$6,232P>G3&$F1-1$403Q&-1-$&6$+&--2O2-$&$,-1A13Q&$k60$Q1821$52%&$
<02,&7$
"6*5,133$ 0$ ?2FF5$ mDVVLn$ %25,2*O604$ %&25$ ,2F&5$ %0$ <00%A1+x;$ &$ <00%A1+x$ 181321,28&$ 0$ &$
<00%A1+x$ %05+-2,28&7$ a$ F-2402-&$ 24F32+1$ 1$ 04255:&$ %0$ 64$ Y6XP&$ %0$ 813&-J$ +&4$
-0<0-c*+215$ 0TF3X+2,15J$ +0*,-1%&$ *15$ +1-1+,0-X5,2+15$ %&$ 136*&$ &6$ *&$ ,-1A13Q&$ -0132P1%&$
F&-$0307$ a$ 50O6*%&$ -031+2&*1G50$ +&4$ 15$ ,1-0<15$k60$ 5:&$ 1F-050*,1%15$1&5$ 136*&5$0$ H$

BDB$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

6,232P1%&$F1-1$50$-0<0-2-$0TF32+2,140*,0$t5$1F-0*%2P1O0*5$k60$5:&$082%0*+21%15$*1$561$
-05&369:&7$@1-1$13H4$%255&J$&$<00%A1+x$%05+-2,28&$F-&+6-1$2*+0*,281-$&$136*&$1$-0F0*51-$
*1$F-&F&5,1$%0$1F-0*%2P1O04J$%>$F25,15$F1-1$1$19:&$k60$&$136*&$%080$0T0+6,1-$ F1-1$
+&*50O62-$F-&O-0%2-$*1$561$1F-0*%2P1O04$0$*:&$2*+362$1$+&--09:&$%&$0--&J$*&$50*,2%&$
%0$ %1-$ 1&$ F-ZF-2&$ 1$ &F&-,6*2%1%0$ %0$ &$ +&--2O2-J$ +&*,-2A62*%&$ 15524$ F1-1$ 641$
1F-0*%2P1O04$4125$3&*O1$*&$,04F&7$)5,0$<00%A1+x$1552*131$,14AH4$&5$F&*,&5$<&-,05$
F1-1$k60$50Y14$+&*5+20*,040*,0$-0+&*Q0+2%&5$0$F1-1$0*+&-1Y1-$&$136*&$F1-1$15$0,1F15$
50O62*,05$m#1*,&5J$BCCM$-0<0-2%1$F&-$@2*,&$^$#1*,&5J$BCCLn7$
$
M0,&%&3&?21!

)5,0$ ,-1A13Q&$ 2*50-0G50$ *641$ 1A&-%1O04$ k6132,1,281$ +&4$ 40,&%&3&O21$ F-ZT241$ %1$
2*805,2O19:&G19:&J$641$80P$k60$&$&AY0,&$%0$05,6%&$-0<0-0G50$t$F->,2+1$F0%1OZO2+1$%&$
F-ZF-2&$ 16,&-7$ j&2$ %050*8&382%&$ *641$ ,6-41$ %0$ Ei$ 1*&$ %0$ 05+&31-2%1%0J$ 0$ &5$
F1-,2+2F1*,05$ <&-14J$ -05F0,28140*,0J$ BE$ 136*&57$ /05,05J$ 5025$ 136*&5$ <&-14$ &AY0,&$ %0$
641$ -0+&3Q1$ %0$ %1%&5$ 0$ %0$ 641$ 1*>3250$ 4125$ F&-40*&-2P1%17$ )5,05$ 136*&5$ <&-14$
05+&3Q2%&5$ 04$ <6*9:&$ %&$ 506$ 05,1,6,&$ 05+&31-J$ +&4&$ ,13J$ 05+&3Q06G50$ 64$ 136*&$ +&4$
%2<2+63%1%05$ %0$ 1F-0*%2P1O04J$ 641$ 136*1$ k60$ *:&$ -0308181$ %2<2+63%1%05$ 0$ k61,-&$
136*&5$2*,0-4H%2&5$k60$<&-14$5030+2&*1%&5$1301,&-2140*,07$$
a5$ %1%&5$ <&-14$ -0+&3Q2%&5$ 1,-18H5$ %&5$ 50O62*,05$ 2*5,-640*,&5;$ &A50-819:&$
F1-,2+2F1*,0$ 6,232P1%1$ F1-1$ &A50-81-$ 1$ %2*g42+1$ %0$ ,-1A13Q&$ +&4$ &$ F&-,0<Z32&q$
0*,-0825,15J$ k60$ %052O*02$ F&-$ +&*80-515$ %0$ 0TF32+2,19:&J$ k60$ F0-42,2-14$ +31-2<2+1-$
13O6*5$15F0,&5$%15$-0<30TI05$05+-2,15$%&5$136*&5$0$1*>3250$%&+640*,13$k60$-0+126$5&A-0$
15$-0<30TI05$%&5$136*&57$
@1-1$1*13251-$&5$%1%&5$<&2$6,232P1%1$1$1*>3250$%0$+&*,0d%&J$641$80P$k60$<&2$*0+055>-2&$
2*,0-F-0,1-J$ +&4F-00*%0-$ 0$ 2*<0-2-$ 5&A-0$ &5$ %1%&5$ k60$ 50$ 1F-050*,1-14$
0550*+21340*,0$04$,0T,&7$$
!$2*,0-80*9:&$0%6+1+2&*13$<&2$+&4&$50$50O60;$
D7 @-0F1-19:&$0$+&*5,-69:&$%&5$F&-,0<Z32&5q$$
B7 o0O&+219:&$%1$%2*g42+1$%0$,-1A13Q&q$$
M7 #055I05$%0$50309:&$0$-0<30T:&$%15$,1-0<15q$

BDM$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

E7 N02,6-1$%&5$@&-,0<Z32&5q$<00%A1+xJ$0*+&*,-&5$F0-2Z%2+&5$+&4$&5$136*&5$0$
*0O&+219:&$%0$,1-0<15$%0$,-1A13Q&$16,Z*&4&7$
!

=0563,1%&5!

@1-1$2*2+21-$&$,-1A13Q&$%0$*0O&+219:&$+&4$&5$136*&5J$%0+2%2$<1P0-$64$3081*,140*,&$%15$
2%0215$ F-H8215$ %&5$ 136*&5$ 1$ F1-,2-$ %1$ F1318-1$ F&-,0<Z32&J$ F0%2*%&G3Q05$ F1-1$ %2P0-04$ &$
k60$1+Q1814$k60$0-1$64$F&-,0<Z32&7$/0F&25J$0TF32k602$k60$F&%04$0T25,2-$8>-2&5$,2F&5$
%0$F&-,0<Z32&5$0$1F-&802,02$F1-1$k605,2&*>G3&5$5&A-0$&$k60$0*,0*%214$F&-$F&-,0<Z32&$%0$
1813219:&$ F1-1$ 15$ 1F-0*%2P1O0*5J$ 641$ 80P$ k60$ <&2$ &$ &AY0,28&$ 1,-2A6X%&$ t$ 6,232P19:&$
%05,0$F&-,0<Z32&7$$$
)5,0$ %0A1,0$ -0803&6G50$ 24F&-,1*,0$ F1-1$ 2*,-&%6P2-$ 0$ <1P0-$ 040-O2-$ 50*,2%&5$ 5&A-0$
F&-,0<Z32&5$ %0$ 4&%&$ 1$ k60$ &5$ 136*&5$ 50$ 1F-&F-215504$ %&$ 506$ 52O*2<2+1%&$ 0$ %&5$
&AY0,28&5$ F-0,0*%2%&57$ #0O62%140*,0J$ F155>4&5$ t$ +&*5,-69:&$ %&$ F&-,0<Z32&$ 0$ t$
*0O&+219:&$%&5$41,0-2125$1$6,232P1-7$$
$

@-&<055&-1$ )5,1O2>-21$ m@)n;! w60$ 41,0-2125$ F&%04&5$ 6,232P1-$ F1-1$ +&*5,-62-$ 1$ +1F1$ %&5$
F&-,0<Z32&5l$$
_7!7;!.1-,&32*157$$
=;!]1,0-213$-0+2+31%&7$
];!j&3Q15$A-1*+157$$
@);!.1-,&32*15$F1-0+0G40$641$A&1$2%0217$.&*+&-%14$+&4$1$2%021$%&$_7!l$$
(7=;! #24J$ +&4$ +1-,&32*15$ H$ 403Q&-J$ F&-k60$ 5:&$ 4125$ %6-15$ %&$ k60$ 15$ <&3Q15$ 0$
%6-14$4125$,04F&7$$
@);!@1-0+0G40$462,&$A047$)6$F&-$1+15&$,-&6T0$6415$+1-,&32*15$O-&5515J$F&-k60$
F1-0+0G40$k60$05,0$41,0-213$H$&$4125$1%0k61%&$F1-1$k60$&5$*&55&5$F&-,0<Z32&5$%6-04$
4125$,04F&7$$
$
)5,1$ %25+655:&$ F0-42,26G*&5$ F1551-$ t$ +&*5,-69:&$ 0$ 031A&-19:&$ %1$ +1F1$ %&$ F&-,0<Z32&7$
@-&4&82$ 0*,:&$ 64$ %2>3&O&$ 04$ ,&-*&$ %15$ 2*<&-419I05$ k60$ &5$ 136*&5$ +&*52%0-1814$
24F&-,1*,05$F1-1$+&*5,1-04$*1$+1F17$$

BDE$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

H);!a$k60$1+Q14$k60$F&%04&5$+&3&+1-$*1$+1F1l$$
=7B;!@&%04&5$<1P0-$64$%050*Q&7$$
H);!@1-0+0G40$A04J$,&%&5$+&*+&-%14l$$
#6-41;!#24Ž$$
H);!)$k60$2*<&-419I05$%0804&5$+&3&+1-$*1$+1F1l$$
(7=;!a$"X,63&$f$@&-,0<Z32&7$$
H);!#24J$A&1Ž$@1-0+0G40$641$A&1$2%0217$)$4125l$$
M7";!a$*&40$0$1$%1,17$$
=;!!$%1,1$*:&J$F&-k60$&$F&-,0<Z32&$H$F1-1$&$1*&$,&%&7$$
H);! a$ *&40$ F1-0+0G40$ A04$ F1-1$ +&*50O62-4&5$ 51A0-$ %0$ k604$ H7$ )$ 1$ %1,1$
+&3&+14&5$&6$*:&l$$
B;!o:&J$06$+&*+&-%&$+&4$1$=7$!+Q&$H$k60$,04&5$%0$+&3&+1-$&$1*&$30,28&J$415$
F&%04&5$05+-080-$*1$&6,-1$+1F1$†-0<0-2*%&G50$t$+&*,-1+1F1‡7$$
H);!w604$H$k60$+&*+&-% &97 \Xi]j$
$
@1-1$ 13H4$ %255&J$ ,14AH4$ *0O&+2>4&5$ 1$ %2*g42+1$ %0$ ,-1A13Q&7$ !k62$ ,-1,181G50$ %0$
0*8&380-$ &5$ 136*&5$ *1$ +&*<2O6-19:&$ %05,1$ 1,282%1%0$ F-082140*,0$ F0*51%1$ F03&$
F-&<055&-7$ "&%1821J$ Q&680$ 504F-0$ 1$ %25F&*2A232%1%0$ F1-1$ 1$ 1Y65,1-$ &$ k60$ <&550$
*0+055>-2&J$F1-1$k60$&$,-1A13Q&$<2P0550$50*,2%&$F1-1$&5$136*&57$
$

H);!)6$F0*502$04$5030+2&*1-4&5$15$%615$,1-0<15$%0$NX*O61$@&-,6O6051$04$k60$
1+Q14$k60$1F-0*%0-14$41257$a$k60$8&5$F1-0+0l$$
{7";!@1-0+0G40$A04J$F&-$0T04F3&$50$1+Q&$k60$1F-0*%2$462,&$5&A-0$&$O-16$%&5$
1%Y0,28&5$F&55&$5030+2&*1-$05517$$
H);!#24J$+31-&7$$
H);!)$%0F&25$,14AH4$F0*502$04$5030+2&*1-4&5$%615$,1-0<15$%0$]1,04>,2+1$1$
k60$4125$O&5,1-14$0$1$k60$40*&5$O&5,1-147$a$k60$8&5$F1-0+0l$$
=;!#24J$06$O&5,&$504F-0$%&5$F-&A30415J$415$*:&$O&5,&$k61*%&$5:&$<>+0257$$
$

BDK$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

.&4&$50$F&%0$80-2<2+1-$04$,&%&5$&5$%2>3&O&5$05,1A030+2%&5$+&4$&5$136*&5J$,&%&5$0305$
F1-,2+2F1-14J$ +&*,-2A62*%&$ +&4$ 2%0215$ 0$ &F2*2I05$ %25,2*,15$ F1-1$ k60$ Y6*,&5$
%0+2%X5504&5$+&4&$2-214&5$,-1A13Q1-7$$
@1-1$ +&4F-00*%0-$ +&4&$ &$ F&-,0<Z32&$ H$ 64$ 2*5,-640*,&$ k60$ +&*,-2A62$ F1-1$ 15$
1F-0*%2P1O0*5$ %&5$ 136*&5J$ +&*52%0-02$ <63+-13$ +&4F-00*%0-$ +&4&$ H$ k60$ &5$ 136*&5$
+&40*,14$0$-0<30,04$15$5615$1F-0*%2P1O0*5$0$F1-,2+2F14$*1$O05,:&$%&$506$+6--X+63&$
05+&31-7$@1-1$,13J$F155&$1$1*13251-$1$*1,6-0P1$%15$,1-0<15$5030+2&*1%15$F03&5$136*&5J$1$
561$+1F1+2%1%0$%0$-0<30T:&$0$&$506$F1F03$*1$-0O6319:&$%15$5615$1F-0*%2P1O0*57!
)4$ -0319:&$ t$ *1,6-0P1$ %15$ ,1-0<15$ 80-2<2+1G50$ k60$ &5$ 136*&5$ 5030+2&*14$ 64$ 30k60$
81-21%&$ %0$ F-&%69I05J$ ,1*,&$ *1$ >-01$ %1$ NX*O61$ @&-,6O6051$ +&4&$ *1$ %1$ ]1,04>,2+17$
.&*,6%&$+&*5,1,1G50$k60$13O6*5$136*&5$5030+2&*14J$04$4&40*,&5$%2<0-0*,05J$,1-0<15$
2%c*,2+15$0$-031+2&*1%15$+&4$&$4054&$+&*,0d%&J$k61*%&$-0+&*Q0+04$k60$Q&680$4125$
>@)8(0K .)7YC7 G)K?C)@)-)@)7?C) >@)8()@ 7`7 0AC7%9& (08/9\a$
=031,28140*,0$ t$ +1F1+2%1%0$ %0$ -0<30T:&J$ 80-2<2+1G50$ k60$ ,&%&5$ &5$ 136*&5$ 5:&$ +1F1P05$
%0$ F0*51-$ 5&A-0$ 1$ 561$ 1F-0*%2P1O04$ 12*%1$ k60$ %0$ <&-415$ %2<0-0*,057$ !$ 412&-21$ %&5$
6C89A>)@7 8)&)8981G)6()A&@0B0G9>C@9Y08(0& 8(9 >)8 A9?C) >@)8()@ 7[[`
,1-0<1$ 1Y6%&6G40$ 1$ 1F-0*%0-$ &5$ 52*Z*24&5$ ) 9A 8B:8079AaY 89 )8B 8B9Y 9CB@9A G$9
4125$ 3&*O0J$F&25$ 5:&$ +1F1P05$ %0$ %05+-080-$ &$ k60$ 1F-0*%04J$-0+&--0*%&$1$ 082%c*+215$
?C)&97>@9G 7 AC  >@)8(0K .)7Y>9@)I)7>69[[`>@)8(09AC4)0B9)9>@)(0& (9
+&4&$F&-$0T04F3&$*1$<-150$!5$2-4:5$%1$_&1*1$+&4047$!5$2-4:5$%1$_&1*1$+&--05F&*%0$
9 AC4)0B9 ) &97)7 9 >@)(0& (9\a )@0-0& G50$ 12*%1$ k60$ 13O6*5$ 136*&5$ %05+-0804$ 1$
AC  >@)8(0K .)7&97@)&C@A9 9> AA (9[\ [`4C(9CG40$1$1F-0*%0-J$F&-k60$06$Y>$
*:&$40$304A-181$%&$k60$0-1$&$F-0%2+1%&$0$&$56Y02,&$%0$641$<-1A)\a$
w61*,&$ t5$ 05+&3Q15$ *1$ >-01$ %1$ ]1,04>,2+1$ 80-2<2+1G50$ k60$ 0T25,0$ 641$ -0319:&$ 0*,-0$
%615$ 81-2>8025;$ &$ 51A0-$ 0$ &$ O&5,1-7$ a5$ 136*&5$ 5030+2&*14$ +&4&$ 15$ ,1-0<15$ k60$ 4125$
O&5,1-14$ 1k60315$ 04$ k60$ 50$ 50*,04$ +&*<&-,>8025$ +&4$ &$ +&*,0d%&$ 04$ 05,6%&$ &6$
1k60315$ k60$ +&*52%0-14$ k60$ +-214$ %051<2&$ 0$ k60$ 3Q05$ F0-42,04$ 1F-0*%0-$ 13O&$ %0$
*&8&7$.&4&$15$,1-0<15$k60$40*&5$O&5,1-14$+&*52%0-14$1k60315$04$k60$*:&$50*,04$
%2<2+63%1%05$0J$F&-$255&J$1+Q14$<>+025$&6$0*,:&$1k60315$04$k60$50*,04$%2<2+63%1%057$$

BDL$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

/0F&25$ %15$ 5055I05$ %0$ 50309:&$ 0$ -0<30T:&$ %15$ ,1-0<15J$ -06*2G40$ +&4$ &5$ 136*&5$ F1-1$
80-2<2+1-$ 1$ +&*5&32%19:&$ &6$ *:&$ %&5$ +&*,0d%&5$ 04$ 05,6%&7$ !$ F1-,2-$ %05,0$ 0*+&*,-&J$
*0O&+202$,1-0<15$%0$,-1A13Q&$16,Z*&4&$+&4$&5$136*&5$04$<6*9:&$%15$5615$%2<2+63%1%05$
0R$ &6$ *0+0552%1%057$ /0F&25$ %1$ -0132P19:&$ %05,15$ ,1-0<15$ 80-2<2+14G50$ 13,0-19I05$ *15$
05+&3Q15$%&5$136*&5J$F&25$15$,1-0<15$k60J$2*2+21340*,0$<&-14$5030+2&*1%15$+&4&$15$k60$
40*&5$ O&5,1-14$ F&-$ *:&$ ,0-04$ 52%&$ +1F1P05$ %0$ F0-+0A0-J$ F1551-14$ 1$ 50-$
+&*52%0-1%15$+&4&$15$k60$4125$O&5,1-14J$%0F&25$%0$,0-04$3081%&$,1-0<15$%0$,-1A13Q&$
16,Z*&4&$ F1-1$ 403Q&-1-04$ 13O6*5$ 15F0,&5$ %1$ 561$ 1F-0*%2P1O047$ !&$ 3&*O&$ %&$
,-1A13Q&$ +&4$ &$ F&-,0<Z32&J$ 80-2<2k602$ ,14AH4$ k60$ &5$ 136*&5$ 05+-08214$ 15$ 5615$
-0<30TI05$ +&4$ 13O6*5$ 0--&57$ /05,1$ <&-41J$ +&*52%0-1*%&$ &$ F&-,0<Z32&$ +&4&$ 64$
2*5,-640*,&$ k60$ +&*,-2A62$ F1-1$ 1$ 1F-0*%2P1O04$ %&5$ 136*&5J$ %0+2%2$ %1-$ <00%A1+x$ t5$
F-&%69I05$%&5$136*&5$+&4$&$2*,62,&$%0$403Q&-1-$1$561$05+-2,17$.&4&$50$F&%0$80-2<2+1-$
*1$241O04$1F-050*,1%1$04$A12T&$m<2O6-1$DnJ$&$<00%A1+x$<&2$+0*,-1%&$*15$,1-0<15$0$&5$
136*&5$ <&-14$ 0*+&-1Y1%&5$ 1$F-&+6-1-$ 15$-05F&5,15$ +&--0,15$ 0$ 1$ +&--2O2-$&5$ 5065$ 0--&57$
o05,0$ 50*,2%&J$ &F,02$ F&-$ 1552*131-$ &5$ 0--&5$ %&5$ 136*&5J$ 56A32*Q1*%&$ 15$ F1318-15$ 0$
%1*%&G3Q05$ 13O6415$ 2*%2+19I05$ k60$ 3Q05$ F0-42,2550$ +Q0O1-$ t$ 561$ +&--09:&J$ +&4&$ F&-$
)I)7>69[ `0-2<2+1$ 1$ 1+0*,619:&7$ @&%05$ +&*563,1-$ &$ %2+2&*>-2&q$ =08c$ 05,0$ 80-A&q$
)@0-0& )AB A(C A> 6 G@ AY>9()A&98AC6B @ -96/ ( B @)- Y)B&\a$

$
j2O6-1$D$G$)T04F3&$%0$<00%A1+x$%1%&7$
$

@1-1$13H4$%255&J$k61*%&$+&*5,1,02$k60$56-O214$F1318-15$05+-2,15$+&--0,140*,0$0$4125$
t$<-0*,0$&6$1,->5$1$40541$F1318-1$56-O21$05+-2,1$+&4$0--&J$%0+2%2$1552*131-$15$F1318-15$

BDf$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

?C) )AB G 7 %)7 )A&@0B AY B 7%+7 &97 C7  89B '$9 `C0B9 %)7 9C ?C0
)A&@)G)AB)%)7WaiG)@-0.C@ tj\$

$
j2O6-1$B$f$)T04F3&$%0$<00%A1+x$1$2*+0*,281-$64$136*&$
$
@1-1$ 13H4$ %255&J$ ,14AH4$ 1,-2A6X$ <00%A1+x$ 1$ 13O6415$ ,1-0<15$ -0132P1%15$ F03&5$ 136*&5J$
k61*%&$ *:&$ Q&680$ %25F&*2A232%1%0$ F1-1$ 50$ -0132P1-$ 1$ +&--09:&$ +&30,281$ *&$ k61%-&J$
+&4&$0-1$Q1A2,613$*1$F->,2+1$%1$F-&<055&-1$,2,631-$%0$,6-417$o05,15$,1-0<15J$&F,02$F&-$
1552*131-$&$k60$05,181$+&--0,&$0$F&-$+&3&+1-$13O6415$k605,I05$k60$0*+142*Q15504$&$
136*&$F1-1$1$-05&369:&$*1$F-ZT241$<1507$
/1%&$1&$,04F&$%05,2*1%&$t$24F3040*,19:&$%05,0$05,6%&J$*:&$<&2$F&55X803$-06*2-G40$
5041*1340*,0$+&4$,&%&5$&5$136*&5$F1-1$1$-0132P19:&$%15$+&*80-515$%0$0TF32+2,19:&$0$
F1-1$ 1$ F&5,0-2&-$ *0O&+219:&$ %0$ ,1-0<15$ %0$ ,-1A13Q&$ 16,Z*&4&7$ o05,0$ 50*,2%&J$ %0+2%2$
%1-$<00%A1+x$t5$-0<30TI05$05+-2,15$%0$13O6*5$136*&5J$+&4$&$2*,62,&$%0$+31-2<2+1-$15$5615$
-0<30TI05$0$%0$&A,0-$082%c*+215$k60$+&4F-&804$15$1F-0*%2P1O0*57$/0F&25$%0$&A,0-$15$
-05F&5,15$ %&5$ 136*&5J$ 80-2<2k602$ 50$ 0T25,21$ *0+0552%1%0$ %0$ F1-,2-$ F1-1$ 1$ +&*80-51$ %0$
0TF32+2,19:&$0$F1-1$1$F&5,0-2&-$*0O&+219:&$%0$,1-0<15$%0$,-1A13Q&$16,Z*&4&7$
!&$ 3&*O&$ %15$ 5055I05J$ 80-2<2+&6G50$ k60$ %02T&6$ %0$ 50-$ F-0+25&$ k605,2&*1-$ &5$ 136*&5$
k61*,&$ t$ 561$ 8&*,1%0$ F1-1$ 403Q&-1-$ 1$ 561$ 1F-0*%2P1O04$ 1,-18H5$ %1$ -0132P19:&$ %0$
89G A B @)- AY >90A )@ 7 9A >@:>@09A ?C) A960&0B G 7 >909[ [ `@9-)AA9@ Y )C 8$9
F0-+0A2$ 462,&$ A04$ 05,0$ 0T0-+X+2&7$ @&%0$ %1-G40$ 641$ ,1-0<1$ F1-0+2%1$ F1-1$ 06$
7)6/9@ @Xa$

BDW$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

9(9A9A 6C89A &/ @ 7 AB @)- A()B@ % 6/9EB)0AY@)-)@08(9[`@9-)AA9@ Y)C &/9


k60$05,15$,1-0<15$5:&$641$+&251$A&1J$F&-k60$06$52*,&$k60$403Q&-02J$1O&-1$Y>$*:&$,0*Q&$
(0-0&C6( ()A\a$
!

.&*+365:&!

)4$ 5X*,050J$ F&%04&5$ +&4$ 05,0$ 05,6%&$ 80-2<2+1-$ 1$ 24F&-,g*+21$ %0$ *0O&+21-$ +&4$ &5$
136*&5$ k61*%&$ 50$ F-0,0*%0$ 2*,-&%6P2-$ 641$ 46%1*91$ *1$ F->,2+1$ %1$ 5131$ %0$ 1631J$ %0$
4&%&$ 1$ k60$ &5$ 136*&5$ 52*,14$ 0551$ 46%1*91$ +&4&$ 561$ 0$ k60$ F0-+0A14$ &5$ 5065$
50*,2%&5$0$+&4&$50$<1P7$"14AH4$50$%05,1+1$1$24F&-,g*+21$%1$F0-525,c*+21$%&$F-&<055&-$
*1$24F3040*,19:&$%1$1,282%1%07$)31$H$*0+055>-21$F1-1$k60$&5$136*&5$50$1F-&F-204$%15$
46%1*915$ 0$ F1-1$ &$ A0*0<X+2&$ %0$ ,&%&$ &$ ,-1A13Q&$ 2*,0*+2&*1340*,0$ %2-2O2%&$ t$
1F-0*%2P1O047$
!FZ5$ 1$ 1*>3250$ %0$ ,&%&$ &$ F0-+6-5&$ 80-2<2+1G50$ k60$ &$ F&-,0<Z32&$ +&*,-2A62$ F1-1$ &$
%050*8&38240*,&$ %0$ 64$ +&*Y6*,&$ %0$ 1F-0*%2P1O0*5$ k60$ 50$ -031+2&*14$ +&4$ 15$
1F-0*%2P1O0*5$+6--2+631-05J$F&25$&5$136*&5$1F-0*%0-14$+&*,0d%&5$,125$+&4&;$56Y02,&$0$
F-0%2+1%&J$F1318-15$+&4F&5,15J$5Z32%&5$O0&4H,-2+&5J$&F0-19I05J$403Q&-1-14$1$05+-2,1J$
0,+J$ 415$ ,14AH4$ F1-1$ &$ %050*8&38240*,&$ %0$ 64$ +&*Y6*,&$ %0$ 1F-0*%2P1O0*5$ k60$ 50$
-031+2&*14$ +&4$ 1$ 16,&*&421;$ %050*8&38240*,&$ %1$ +1F1+2%1%0$ %0$ -0<30T:&J$ 50309:&J$
&-O1*2P19:&$0$50*,2%&$+-X,2+&7$$
j&2$F&55X803$F0-+0A0-$k60$&5$136*&5$5:&$+1F1P05$%0$-0<30,2-$5&A-0$1$561$1F-0*%2P1O04$
%0$ %280-515$ <&-415J$ k61*%&$ 3Q05$ H$ %1%1$ 1$ &F&-,6*2%1%0$ %0$ F0*51-$ 5&A-0$ &$ 506$
F-&+055&$%0$1F-0*%2P1O047$
a$<00%A1+x$%1%&$F0-42,26$k60$&5$136*&5$%0504F0*Q15504$64$F1F03$1,28&$*1$+&--09:&$
%&5$5065$0--&5J$1%k62-2*%&$1F-0*%2P1O0*5$5Z32%15$0$%6-1%&6-15J$641$80P$k60$%0F&25$%0$
&$0--&$,0-$52%&$1552*131%&$0$F&5,0-2&-40*,0$+&--2O2%&J$80-2<2+&6G50$k60$*15$F-&%69I05$
50O62*,05J$ 0550$ 4054&$ 0--&J$ Y>$ *:&$ 50$ 80-2<2+1817$ '0-2<2+14G50$ 08&369I05$ *15$
F-&%69I05$ 05+-2,15$ %&5$ 136*&5J$ +&4$ 1$ %242*629:&$ %0$ <00%A1+x$ k60$ *:&$ F-0,0*%21$
+&--2O2-$ &$ 0--&J$ 415$ F-&4&80-$ &$ 0*8&38240*,&$ %&$ 136*&$ *05,0$ F-&+055&$ %0$
1F-0*%2P1O04$ 1,-18H5$ %0$ 1*&,19I05$ k60$ 0*+142*Q1814$ &$ 136*&$ F1-1$ 1$ 561$
16,&+&--09:&7$ )5,15$ 1*&,19I05$ 304A-1814$ 525,041,2+140*,0$ &5$ 136*&5$ %&$ k60$
BDV$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

F-0+251814$%0$403Q&-1-$F1-1$1,2*O2-04$&$k60$50$F-&F650-14$0$F0-42,214G3Q05$,&41-$
+&*5+2c*+21$ %&5$ 5065$ F-ZF-2&5$ F-&O-055&5$ +&4F1-1,28140*,0$ 1&5$ 5065$ %0504F0*Q&5$
1*,0-2&-057$ !5524J$ 1$ 1813219:&$ 1+&4F1*Q1%1$ %0$ <00%A1+x$ 05+-2,&$ %04&*5,-&6$ k60$ &5$
136*&5$ +&*50O604$ 1+&4F1*Q1-$ &$ 506$ F-&O-055&J$ 1F0-+0A04G50$ %15$ 5615$ F-ZF-215$
%2<2+63%1%05$0J$F&5,0-2&-40*,0J$16,&*&4140*,0$+&*50O604$63,-1F155>G3157$$
)5,1$F-&F&5,1$%0$1,282%1%0$565+2,&6$2*,0-0550$*&5$136*&5J$%1*%&G3Q05$1$F&552A232%1%0$%0$
F1-,2+2F1-04$ 1,28140*,0$ *&$ F-&+055&$ %0$ 1F-0*%2P1O04J$ O0-2*%&$ 0$ 16,&--0O631*%&$ &$
506$F-&+055&$%0$1F-0*%2P1O04J$1$F1-,2-$%1$2%0*,2<2+19:&$%&5$5065$0--&5$0$%2<2+63%1%057$
@1-1$13H4$%255&J$05,1$F-&F&5,1$+-21$12*%1$+&*%29I05$%0$1F-&T2419:&$0*,-0$F-&<055&-$0$
136*&$F0-42,2*%&G3Q05$-0<30,2-$5&A-0$15$08&369I05$-08031%15$*15$1,282%1%05$F-&F&5,15$0$
%2<2+63%1%05$ 50*,2%15$ *1$ -0132P19:&$ %15$ 405415J$ A04$ +&4&$ *0O&+21-$ 0$ F0*51-$ 04$
05,-1,HO215$04$+&*Y6*,&$k60$F0-42,14$403Q&-1-$1$1F-0*%2P1O047$
a$,-1A13Q&$16,Z*&4&$56-O26$+&4&$64$2*5,-640*,&$k60$F0-42,26$+&3&+1-$&$136*&$*641$
A0BC '$9 () >@)8(0K .)7 `-)&C8(  > @  )6)a i)@@)89C(Y trrrY >\wsj ) ?C)
F&552A232,&6$1$%2<0-0*+219:&$F0%1OZO2+1J$F&25$+&*5,2,62G50$+&4&$641$<&-41$%0$1%1F,1-$
&$ 0*52*&$ t5$ %2<2+63%1%05$ %0$ +1%1$ 64$ %&5$ 136*&5$ F1-1$ &5$ +&*%6P2-$ 1&$ %&4X*2&$ %&5$
&AY0,28&5$F-0,0*%2%&57$
!$ +&*+362-$ F&%04&5$ 1<2-41-$ k60$ &$ F&-,0<Z32&$ ,1*,&$ F&%0$ 50-$ 651%&$ *641$ F0-5F0,281$
5641,281$ +&4&$ <&-41,2817$ .&*,6%&J$ *05,0$ +15&J$ 1$ *&551$ 2*,0*9:&$ <&2$ 6,232P>G3&$ +&4&$
64$ 2*5,-640*,&$ %0$ -0<30T:&$ 0$ %&+640*,19:&$ %15$ 1F-0*%2P1O0*5J$ +&4&$ 64$
2*5,-640*,&$ %0$ 1813219:&$ <&-41,281J$ 641$ 80P$ k60$ &$ &AY0,28&$ 0-1$ 1Y6%1-$ &5$ 136*&5$ 1$
,&41-$ +&*5+2c*+21$ 0$ 080*,61340*,0$ 1$ 56F0-1-04$ 15$ 5615$ %2<2+63%1%05$ *15$
1F-0*%2P1O0*5$-0132P1%157$/0$<1+,&J$F&-$80P05$&5$136*&5$1&$+&*52%0-04$,0-$1F-0*%2%&$0$
5030+2&*1-04$ ,-1A13Q&5$ -0F-050*,1,28&5$ %0551$ 1F-0*%2P1O04J$ -080314$ Q052,19I05$ 0$
1,-18H5$ %&$ %213&O&J$ 082%0*+214$ k60$ Q>$ 1F-0*%2P1O0*5$ 12*%1$ *:&$ ,&,1340*,0$
+&*5&32%1%157$ /05,1$ <&-41J$ 1$ 1813219:&$ -0O631%&-1J$ 25,&$ HJ$ 1$ +1F1+2%1%0$ %0$ -0<30,2-$
5&A-0$&$k60$50$1F-0*%06$-031,28140*,0$1&$k60$50$%0821$1F-0*%0-$<&2$64$2*5,-640*,&$
F&%0-&5&$ F1-1$ 1$ 1F-0*%2P1O04J$ 415$ <6*%140*,1340*,0$ F1-1$ 1$ 56F0-19:&$ %15$
%2<2+63%1%05$ 0T25,0*,05$ %6-1*,0$ 1$ +&*5,-69:&$ %&$ +&*Q0+240*,&7$ /05,0$ 4&%&J$

BBC$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

F0*514&5$ k60$ 50$ &5$ 136*&5$ 1F-0*%0-14$ 0<0,28140*,0$ 50->$ 0TF0+,>803$ k60$ 255&$ 50$
80*Q1$1$,-1%6P2-$F&5,0-2&-40*,0$*&5$4&40*,&5$<&-4125$%0$1813219:&$5641,2817$$

$
=0<0-n*+215!B2U32&?-[<2+15!
$

b0-*1-%05J$ .7$ ^$ ]2-1*%1J$ j7$ mBCCMn7$ 16+=",2($6?* 490* "#/6(0* )"* /69:"=b&/$0#7$ @&-,&;$
@&-,&$)%2,&-17$
$
j0-*1*%05J$ /7$ mBCCKn7$ J<0($0Z[6* )0#* 0:+"&)$P0%"&#?* )"#0,$6#* a#* ="6+$0#7* :+R=$/0#* "*
:6(>=$/057$N25A&1;$"0T,&$)%2,&-057$$
$
j&-4&52*Q&J$_7$mBCCKn7$L*84++>/4(6*W&$,6+9"*1+6&=6Y0Y<"#=$+*)"*.090&]6*`&$/67$)%29I05$
F0%1O&7$$
a32802-1Gj&-4&52*Q&7$ _7$ 1")0%6%$0* )0* A&,f&/$0?* ;"/6&#=+4$&)6* 490* 1+RM$#* )"*
10+=$/$:0Z[6-*(*$j&-4&52*Q&J$0,$137$m&-O7n$mBCCfn7$\6)"(6#*84++$/4(0+"#*"9*3)4/0Z[6*)"*
A&,f&/$07$M•0%7$@&-,&;$@&-,&$)%2,&-17$
@0--0*&6%J$@7$mBCCCn7$1")0%6%$0*!$,"+"&/$0)07$@&-,&$!30O-0;$!-,05$]H%2+15$#637$$
@2*,&J$ _7$ mBCCKn7$ J* $&="+0/Z[6* ,6+90=$<0?* 6* (0)6* 6/4(=6* )0* 0<0($0Z[67$ (*$ .o)$ /2-02,&$ t$
)%6+19:&$&6$1$)%6+19:&$%&5$/2-02,&57$N25A&17$$
$@2*,&J$ _7$ ^$ #1*,&5J$ N7$ mBCCLn7$ \6)"(6#* )"* 0<0($0Z[6* )0#* 0:+"&)$P0%"&57$ N25A&1;$
h*280-52%1%0$!A0-,1$$
@2*,&J$ _7$ mBCDCn7$ 16+=,2($6?* 490* 96)0* 64* 49* :+6/"##6* /9* :6="&/$0($)0)"#* &0*
3)4/0Z[6dV6+90Z[6* 2*$ @2*,&J$ _q$ #1*,&5J$ N$ ^$ =&%-2O605q$ =7$ mBCDCn7$ L* 86&=+$'4=6* )6*
16+=",2($6* :0+0* 6* 1+6/"##6* )"* J:+"&)$P0%"9* "* J<0($0Z[6* E* ;","+"&/$0(* )"* ,6+90Z[67$
()j@7$N25A&17$
#1*,&5J$ N7$ mBCCBn7$ J4=6YJ<0($0Z[6* +"%4(0)0?* 16+C4b7* 6* C4b* "* /696c-* 2*$ !A-1*,05$ @7$ ^$
!-1dY&J$j7$m.&&-%57n7$!813219:&$%15$!F-0*%2P1O0*5J$/15$+&*+0F9I05$t5$F->,2+157$mFF7$fKG
WEn7$N25A&1;$]2*25,H-2&$%1$)%6+19:&J$/0F1-,140*,&$%1$)%6+19:&$b>52+17$
#1*,&5J$N7$^$/215J$#7$mBCCLn7$8696*"&="&)"9*6#*0(4&6#*6*C4"*(]"#*)$P"9*6#*:+6,"##6+"#c*
J*/69:("M$)0)"*)6*,"")'0/z7$!+,15$%&$@-&<7$]1,7$BCCL$m./G=a]n7$N25A&17$!55&+219:&$

BBD$

$
!"!#$%&$'($)*+&*,-&$%&$.()/$f$($)*+&*,-&$(*,0-*1+2&*13$04$)5,6%&5$)%6+1+2&*1257$
!813219:&;$/051<2&5$0$=25+&5$
$

@-&<055&-05$ %0$ ]1,04>,2+17$ /25F&*X803$ 04$


Q,,F;RRSSS7207637F,RF35RF&-,13R%&+5RDRBVWEVW7@/j$+&*563,1%&$1$DVGCBGBCDM7$$
#1*,&5J$N7$ma-O7nJ$@2*,&J$_7J$=2&J$j7J$@2*,&J$j7J$'1-1*%15J$_7J$]&-02-2*Q1J$a7J$/215J$@7J$/215J$#7$
^$b&*%&5&J$"7$mBCDCn7$ J<0($0+*:0+0*J:+"&)"+-* ;"(0=6#*)"*"M:"+$b&/$0#*)"*#0(0*)"*04(0*
)6*:+_Y"#/6(0+*06*"&#$&6*#"/4&)R+$67$@&-,&;$@&-,&$)%2,&-17$$
$#1*,&5J$N7$mBCDCn7$p4"#=g"#*"9"+%"&="#*&6*)"#"&<6(<$9"&=6*)"*49*:6+=",2($6*(*;$@2*,&J$
_q$ #1*,&5J$ N$ ^$ =&%-2O605q$ =7$ mBCDCn7$ L* 86&=+$'4=6* )6* 16+=",2($6* :0+0* 6* 1+6/"##6* )"*
J:+"&)$P0%"9*"*J<0($0Z[6*E*;","+"&/$0(*)"*,6+90Z[67$()j@7$N25A&17$$
"6*5,133J$ @7$ ^$ ?2FF5J$ .7$ mDVVLn7$ ."0/]"+* V"")'0/z* =6* |64&%* 8]$()+"&* $&* V6+90=$<"*
J##"##9"&=?* 0* =@:6(6%@7$ b-2,25Q$ )%6+1,2&*13$ =0501-+Q$ _&6-*137$ /25F&*X803$ 04$
Q,,F;RR%1,16507+5076+3170%6R/a.#RF,U,01UDVVL7F%<$+&*563,1%&$1$CLGCEGBCDM7$$
$
$

BBB$

Você também pode gostar