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Ї•–‡”ȋDz‹–›dz‘”DzŽ‹‡–dzȌ™‹–Šƒ†˜‹•‘”›ƒ†•—’’‘”–•‡”˜‹ ‡•”‡Žƒ–‡†–‘–Ї‹’އ‡–ƒ–‹‘‘ˆƒ‡™ ‘†‡Ž”‡ ‘‡†ƒ–‹‘ˆ‘”–Їƒ›‘‹˜‹ ‡–‡”ȋDzdzȌƒ†𒇔‹‡ ‡‘ Ї•–‡”ȋDzdzȌƒ’’”‘˜‡†„› ‹–›‘— ‹ŽǤ ǯ•—†‡”•–ƒ†‹‰‘ˆ–Ї’”‘Œ‡ –ǡ• ‘’‡‘ˆ•‡”˜‹ ‡•ǡ–‹‹‰ǡ’”‘ˆ‡••‹‘ƒŽˆ‡‡•ƒ† ‘–”ƒ –—ƒŽ ‘†‹–‹‘•ƒ”‡ƒ•ˆ‘ŽŽ‘™•Ǥ —”†‡”•–ƒ†‹‰‘ˆ–Ї”‘Œ‡ – —†‡”•–ƒ†•–Šƒ––Ї‹–›‘ˆ‘ Ї•–‡”‹•‹–‡”‡•–‡†‹‹’އ‡–‹‰–Ї”‡ ‘‡†ƒ–‹‘•ƒ’’”‘˜‡† „›‘— ‹Ž‹‡ ‡„‡”͚͙͘͠”‡Žƒ–‡†–‘–Їƒ†‘’‡”ƒ–‹‘•–‘ ”‡ƒ–‡‘‡‡–‹–›™Š‹ Š‹• ”‡•’‘•‹„އˆ‘”„‘–Šˆ— –‹‘•ǤŠ‹•‹‹–‹ƒ–‹˜‡ ‘‡•ƒˆ–‡”–Ї ‘ Ž—•‹‘‘ˆ ǯ•‹‹–‹ƒŽ• ‘’‡‘ˆ™‘”–‘ ‘†— –ƒƒ••‡••‡–‘–Ї‘’‡”ƒ–‹‘•ƒ•™‡ŽŽƒ•”‡˜‹‡™–Ї’‘–‡–‹ƒŽ–‘‘’–‹‹œ‡ƒ†•‡–‰‘ƒŽ•ˆ‘” –Їƒ†ǯ•Œ‘‹–’”‘†— –‹‘Ǥ —†‡”•–ƒ†•–Ї‹–›‹•”‡“—‹”‹‰ƒ†˜‹•‘”›•—’’‘”–•‡”˜‹ ‡•–‘ ‘˜‡”•‡‡ƒ†ˆƒ ‹Ž‹–ƒ–‡–Ї‹’އ‡–ƒ–‹‘‘ˆ–Ї‡™‘†‡Žƒ†Šƒ•Žƒ‹†‘—–ƒ†‡–ƒ‹Ž‡†• ‘’‡‘ˆ™‘”  „‡Ž‘™–‘‡•—”‡–Šƒ–‹’އ‡–ƒ–‹‘‹••— ‡••ˆ—ŽǤ ͙ ”‘––”‡‡–ƒ ”ƒ ‹• ‘ǡ͙͙͙͜͡ȋ͙͛͠Ȍ͚͡͠Ǧ͚͙͟͝ ŒŒ 3DFNHW3J )D  -RQHV/DQJ/D6DOOH$PHULFDV,QF +RWHOV +RVSLWDOLW\*URXS   ‘’‡‘ˆ‡”˜‹ ‡• ͙Ǥ—’’‘”–‡˜‡Ž‘’‡–‘ˆ‹–› –‡”ƒŽƒ• ‘” ‡Ȃ ™‹ŽŽ™‘”™‹–Š–Ї‹–›–‘ƒ••‡„އƒ•ƒŽŽ  –‡ƒ‘ˆ‹–‡”ƒŽ‹–›•–ƒˆˆ–‘ˆƒ ‹Ž‹–ƒ–‡–Ї‹‹–‹ƒŽ•–‡’•‘ˆ–Ї–”ƒ•‹–‹‘Ǥ ™‹ŽŽ•—’’‘”––Ї‹–‡”ƒŽ ƒ• ‘” ‡ƒ•‡‡†‡†–‘’”‘˜‹†‡ ‘—•‡Žƒ†ƒ†˜‹•‡™Š‡”‡‡ ‡••ƒ”›ˆ‘”‡›•–ƒ”–—’‹–‡•‹ Ž—†‹‰ ‹••‹‘ƒ†˜‹•‹‘ǡ„›Žƒ™†‡˜‡Ž‘’‡–ǡ„‘ƒ”† ”‹–‡”‹ƒƒ†•‡Ž‡ –‹‘’”‘ ‡••‡•ƒ†‘–Ї”•–”— –—”ƒŽ •—’’‘”–ƒ”‡ƒ•™Š‡”‡  ƒ’”‘˜‹†‡‹†—•–”›‡š’‡”–‹•‡Ǥ ͚Ǥ‡˜‡Ž‘’‡–”‹ •Ǧ ™‹ŽŽ†‡˜‡Ž‘’ƒ†‰ƒ‹ƒ’’”‘˜ƒŽ‘‡™‡–”‹ •ˆ‘”–Ї‘”‰ƒ‹œƒ–‹‘ǯ••— ‡••Ǥ  Ї•‡‡–”‹ •™‹ŽŽ„‡ƒ‰”‡‡†–‘„›–Ї‹–›ƒ†™‹ŽŽ•—’’‘”––”ƒ•’ƒ”‡ ›ƒ† Žƒ”‹–›ƒ”‘—†–Ї †‹”‡ –‹‘ƒ†‹••‹‘‘ˆ–Ї‡™‘”‰ƒ‹œƒ–‹‘Ǥ’އ–‡™‹–Šƒ†’‘•‹–‹‘•™‹–Š  ƒ”‡–ˆ‘ —•ǡ ‘’‡•ƒ–‹‘ƒ†‹ ‡–‹˜‡’Žƒ•ƒ†’‘•‹–‹‘†‡• ”‹’–‹‘•Ǥ ǯ••–ƒˆˆ‹‰’Žƒ™‹ŽŽ ‹ Ž—†‡—„‡”‘ˆ•–ƒˆˆ’‘•‹–‹‘•ƒ†™‹ŽŽ’”‘˜‹†‡„‡ Šƒ”•ˆ‘”•‹‹Žƒ”•‹œ‡‘”‰ƒ‹œƒ–‹‘•ǡ‘†‡Ž• ƒ†”‡‰‹‘ƒŽ ‘’‡–‹–‹˜‡‘”‰ƒ‹œƒ–‹‘•ǡƒ•ƒ˜ƒ‹Žƒ„އǤ ͞Ǥ‡˜‡Ž‘’ƒ† ‹ƒŽ‹œ‡—†‰‡–Ǧ ™‹ŽŽ†‡˜‡Ž‘’ƒ•‹‰—Žƒ”„—†‰‡–„ƒ•‡†‘ƒ˜ƒ‹Žƒ„އˆ—†‹‰ƒ†  ƒŽ‹‰‡–™‹–Š‘„Œ‡ –‹˜‡•’”‡˜‹‘—•Ž›†‡–‡”‹‡†Ǥ ™‹ŽŽ†‡–‡”‹‡–Їƒ’’”‘’”‹ƒ–‡ƒ†‡ ‡••ƒ”› އ˜‡Ž‘ˆˆ—†‹‰ƒ‰ƒ‹•––Ї‹–›ǯ•ƒ˜ƒ‹Žƒ„އŠ‘–‡Ž–ƒš ‘ŽŽ‡ –‹‘•ƒ†ƒŽŽ‘ ƒ–‹‘•Ǥ ™‹ŽŽ’”‡’ƒ”‡ƒ Ž‹‡‹–‡„—†‰‡–™‹–ŠƒŽŽ‘ ƒ–‹‘•ˆ‘”’‡”•‘‡Žǡ•ƒŽ‡•ǡƒ”‡–‹‰ǡ‘’‡”ƒ–‹‘•ǡƒ†‹‹•–”ƒ–‹‘ƒ† ‘–Ї”‡›‡‡†•Ǥ ͟Ǥ ‹”‡š‡ —–‹˜‡‹”‡ –‘”Ǧ ™‹ŽŽ†‡˜‡Ž‘’–ЇŒ‘„†‡• ”‹’–‹‘ƒ†•—’’‘”––Ї•‡ƒ” Š’”‘ ‡••Ǥ ™‹ŽŽ  ’ƒ”–‡”™‹–Їƒ” Š )D  -RQHV/DQJ/D6DOOH$PHULFDV,QF +RWHOV +RVSLWDOLW\*URXS  ͙͘Ǥ‡–‡”‹ƒ–‹‘‘‘ Ї•–‡”’‘”–•  Ž—•‹‘Ȃ ™‹ŽŽ™‘”™‹–Š–Ї‹–›ƒ†–Ї‡™‡–‹–›–‘  ”‡ ‘‡†ƒ†‡ ‹•‹‘‘Š‘™‘ Ї•–‡”’‘”–•’ƒ”–‹ ‹’ƒ–‡•‹–Š‹•’”‘ ‡••™Š‡–Ї”‹–”‡ƒ‹• ‡š–‡”ƒŽ‘”‹•ƒ„•‘”„‡†ƒ•ƒ†‡’ƒ”–‡–‘ˆ–Ї‡™‡–‹–›Ǥ ͙͙Ǥ”‘˜‹†‡ — –‹‘ƒŽ”‰ƒ‹œƒ–‹‘—’’‘”–ƒ† Ǧ ™‹ŽŽ’‡”ˆ‘”‘–Ї”†—–‹‡•ƒ•‡‡†‡†–‘  •—’’‘”––Ї•— ‡••ˆ—ކ‡˜‡Ž‘’‡–ƒ†‹’އ‡–ƒ–‹‘‘ˆ–Ї‡™‡–‹–›–Š‹• ‘—ކ‹ Ž—†‡‹–‡• Ž‹‡ƒ”‡–‹‰’Žƒǡ ”‡ƒ–‹‘‘ˆ‡™Œ‘„†‡• ”‹’–‹‘•ǡƒ†˜‹•‹‰‘•–ƒˆˆŠ‹”‡•ǡ‡– Ǥ 3DFNHW3J )D  ĞĐ͘     ‘–‡Ž•Ƭ ‘•’‹–ƒŽ‹–› ”‘—’ ǡ  Ǥ  EŽǀ͘ ƒƒŽŽ‡‡”‹ ƒ•    ‘–Š•–‘ ‘’އ–‡–Ї• ‘’‡‘ˆ•‡”˜‹ ‡•‹ Ž—†‡†ƒ„‘˜‡Ǥ„”‡ƒ†‘™ˆ‘”–‹‹‰‘ˆ‡ƒ Š’Šƒ•‡ˆ‘ŽŽ‘™•„‡Ž‘™ǣ  KĐƚ͘     ^ĞƉƚ͘   ƒ‰    ‘‡•  ƵŐ͘   :ƵůLJ    :ƵŶĞ  ϮϬϭϵ     DĂLJ    ͚͙͟͝  Ɖƌŝů Ǧ ȋ͙͛͠Ȍ͚͡͠    WƌŽũĞĐƚdŝŵĞůŝŶĞĂŶĚDŝůĞƐƚŽŶĞƐ  DĂƌĐŚ  Œ  ƒ ”ƒ ‹• ‘ǡ͙͙͙͜͡     &Ğď͘     :ĂŶ͘    Œ   ͙ ”‘––”‡‡–  Z&WWƌŽĐĞƐƐĨŽƌ^ĞůĞĐƚŝŽŶŽĨWƌŝǀĂƚĞKƉĞƌĂƚŽƌ  ĞƚĞƌŵŝŶĂƚŝŽŶŽŶZŽĐŚĞƐƚĞƌ^ƉŽƌƚƐ/ŶĐůƵƐŝŽŶ  dĂƐŬͬDŽŶƚŚ  WƌŽĨŝƚDŽĚĞů  ĞƚĞƌŵŝŶĞWƌŝǀĂƚĞKƉĞƌĂƚŽƌŝƌĞĐƚŝŽŶ   ^ƵƉƉŽƌƚ/ŶƚĞƌŶĂůŝƚLJdĂƐŬ&ŽƌĐĞ  ͙͚  ĞǀĞůŽƉĂŶĚ&ŝŶĂůŝnjĞƵĚŐĞƚ  ƌĂĨƚĂŶĚƉƉƌŽǀĞŽŶƚƌĂĐƚ ‡•–‹ƒ–‡•‹–™‹ŽŽ–ƒ‡ Ͳ ZĞĐŽŵŵĞŶĚĞĚWƌŝǀĂƚĞEŽŶ  ŶƚŝƚLJŝƐ&ƵůůLJ&ƵŶĐƚŝŽŶĂů  ĞǀĞůŽƉ^ƚĂĨĨŝŶŐWůĂŶ   ĞƚƌŝĐƐ  ĞǀĞůŽƉ'ŽĂůƐ  ,ŝƌĞͬK  ‹‹‰ ĞǀĞůŽƉD    3DFNHW3J )D    ŽŵƉĞŶƐĂƚŝŽŶ Ψϭϱϯ͕ϱϬϬ Ψϭϱ͕ϬϬϬΨϮϱ͕ϬϬϬΨϭϮ͕ϬϬϬΨϰϬ͕ϬϬϬΨϮϱ͕ϬϬϬΨϭϱ͕ϱϬϬ Ψϵ͕ϱϬϬΨϳ͕ϱϬϬΨϰ͕ϬϬϬ Ǥ‘’‡•ƒ–‹‘ˆ‘”‹ —””‡†‹ ‘Œ— –‹‘ —’ǤŽŽ”‡‹„—”•ƒ„އƒ‘—–• ,QF +RWHOV +RVSLWDOLW\*URXS  /D6DOOH$PHULFDV     ĞĐ͘       /DQJ ȗ•‡–‹‘‡†‹• ‘’‡•–‡’͟ǡ ƒ–‹ ‹’ƒ–‡•’ƒ”–‡”‹‰™‹–Š‹†—•–”›•‡ƒ” Šˆ‹”‡ƒ” Š™‹†‡–‘Š‹”‡–Їš‡ —–‹˜‡‹”‡ –‘”   EŽǀ͘ -RQHV —’–‘͙͆͝ǡ͘͘͘ˆ‘”‡š’‡•‡•     KĐƚ͘ Ǧ ‘ƒ”      ^ĞƉƚ͘  Šƒ•„‡‡‹ Ž—†‡†‹–Ї–‘–ƒŽˆ‡‡ˆ‘”•–‡’͟ǤЇ„”‡ƒ‘—–‘ˆˆ‡‡ˆ‘” ƒ†‡ƒ” Š™‹†‡ƒ”‡„‡Ž‘™ǣ ™‹–Š–Š‹•‡‰ƒ‰‡‡––‘‹ Ž—†‡•— Š‹–‡•ƒ•”‡ƒ•‘ƒ„އ–”ƒ˜‡Ž ‘•–•ǡ†ƒ–ƒ’—” Šƒ•‡•ƒ†”‡’”‘†— –‹‘™‹–А     ƵŐ͘     :ƵůLJ  ’‘ ‡–‡š’‡•‡•      :ƵŶĞ    DĂLJ ͙͙͆͠ǡ͘͘͝  ͆͛͝ǡ͘͘͘     ͙͘ Ǧ ‘ˆ  Ɖƌŝů ‘ˆ Ǧ ƒ††‹–‹‘–‘’”‘ˆ‡••‹‘ƒŽˆ‡‡•ǡ ™‹ŽŽƒŽ•‘„‡”‡‹„—”•‡†ˆ‘”ƒ –—ƒŽ‘—–  ͝ ƒ‰‡     ǣ  • DĂƌĐŚ ƒ•ˆ‘ŽŽ‘™     ‘ˆƒ‹˜‘‹ ‡ˆ”‘ Ǥ   &Ğď͘  ™‹ŽŽ„‡      :ĂŶ͘  • ‘’‡‘ˆ•‡”˜‹ ‡•Žƒ‹†‘—–ƒ„‘˜‡     ŽŵƉĞŶƐĂƚŝŽŶdŽƚĂů  WƌŽĨŝƚDŽĚĞů  Ž‹‡–  –‡’͟ •ŠƒŽŽ„‡’ƒ›ƒ„އ—’‘”‡ ‡‹’–„›  ŽŽ•–‡’•  Ȃ Ͳ ZĞĐŽŵŵĞŶĚĞĚWƌŝǀĂƚĞEŽŶ ‡ƒ” Š™‹†‡‘’‡•ƒ–‹‘  ϵ ϯ ͲͲ   ŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉϭϬŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉϭϭ ŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉϳΎ ŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉƐϴ ŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉƐϮ  ŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉϰ ŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉϭŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉϲ ŽŵƉůĞƚŝŽŶŽĨ^ƚĞƉϱ  Ȃ  Їˆ‹š‡†ˆ‡‡ˆ‘”–Ї ‘’‡•ƒ–‹‘  •ƒ–‹‘  ‡ƒ” Š™‹†‡ ‘’‡   )D  ‘‡•ƒ‰ƒƒŽŽ‡‡”‹ ƒ•ǡ  Ǥ ‘–‡Ž•Ƭ ‘•’‹–ƒŽ‹–›   Ї’”‘˜‹•‹‘•‘ˆ–Š‹•އ––‡”ƒ‰”‡‡‡–•ŠƒŽŽ„‡‰‘˜‡”‡†ƒ† ‘–”‘ŽŽ‡†„›–Ї–‡”•ƒ† ‘†‹–‹‘••‡– ˆ‘”–Š‹šŠ‹„‹–ƒ––ƒ Ї†Ї”‡–‘ƒ†‹ ‘”’‘”ƒ–‡†„›”‡ˆ‡”‡ ‡Ǥ ›•‹‰‹‰„‡Ž‘™–ЇŽ‹‡–ƒ ‘™Ž‡†‰‡•ƒ†ƒ‰”‡‡•–Šƒ––Ї›Šƒ˜‡”‡ƒ†ƒ†ƒ ‡’–ƒŽŽ‘ˆ–Ї–‡”•Ї”‡‹ǡ ‹ Ž—†‹‰„—–‘–Ž‹‹–‡†–‘–Ї• ‘’‡‘ˆ™‘”ǡ ‘’‡•ƒ–‹‘ƒ†–Ї‡”•ƒ†‘†‹–‹‘••‡–ˆ‘”–Š‹ šŠ‹„‹–Ǥ ȗȗȗ )D  -RQHV/DQJ/D6DOOH$PHULFDV,QF +RWHOV +RVSLWDOLW\*URXS            ™‹ŽŽƒ –•‘އޛƒ•ƒ‹†‡’‡†‡– ‘–”ƒ –‘”‹’‡”ˆ‘”‹‰–Ї‡”˜‹ ‡•ǡƒ†‘–Š‹‰‹–Š‹•އ––‡” ƒ‰”‡‡‡–™‹ŽŽƒ–ƒ›–‹‡„‡ ‘•–”—‡†–‘ ”‡ƒ–‡–Ї”‡Žƒ–‹‘•Š‹’‘ˆ‡’Ž‘›‡”ƒ†‡’Ž‘›‡‡ǡ’”‹ ‹’ƒŽƒ† ƒ‰‡–ǡ’ƒ”–‡”•ǡ‘”Œ‘‹–˜‡–—”‡•„‡–™‡‡Ž‹‡–ƒ† ǡ‘”Ž‹‡–ǯ•‘ˆˆ‹ ‡”•ǡ†‹”‡ –‘”•ǡ’ƒ”–‡”•ǡƒƒ‰‡”•ǡ ‡’Ž‘›‡‡•‘”ƒ‰‡–•ƒ† ǯ•‘ˆˆ‹ ‡”•ǡ†‹”‡ –‘”•ǡ’ƒ”–‡”•ǡƒƒ‰‡”•ǡ‡’Ž‘›‡‡•‘”ƒ‰‡–•Ǥ •ŠƒŽŽ„‡ •‘އޛ”‡•’‘•‹„އˆ‘”–Ї ‘’‡•ƒ–‹‘ǡ„‡‡ˆ‹–•ǡ ‘–”‹„—–‹‘•ƒ†–ƒš‡•ǡ‹ˆƒ›ǡ‘ˆ‹–•‡’Ž‘›‡‡•ǡ •—„ ‘–”ƒ –‘”•ƒ†ƒ‰‡–•Ǥ       Š‹•އ––‡”ƒ‰”‡‡‡–•ŠƒŽŽ„‡–‡”‹ƒ„އ„›‡‹–Ї”’ƒ”–›—’‘–Š‹”–›ȋ͛͘Ȍ†ƒ›•™”‹––‡‘–‹ ‡„›‡‹–Ї”’ƒ”–›Ǥ ‘™‡˜‡”ǡ—’‘ƒ„”‡ƒ Š‘ˆ–Š‹•އ––‡”ƒ‰”‡‡‡–ǡ–Ї‘Ǧ„”‡ƒ Š‹‰’ƒ”–›ƒ›–‡”‹ƒ–‡–Š‹•އ––‡” ƒ‰”‡‡‡–‹‡†‹ƒ–‡Ž›Ǥ     •ŠƒŽŽ‹†‡‹ˆ›ǡ†‡ˆ‡†ȋ™‹–Š ‘—•‡Ž”‡ƒ•‘ƒ„Ž›ƒ ‡’–ƒ„އ–‘Ž‹‡–Ȍƒ†БކŽ‹‡–Šƒ”Ž‡••ˆ”‘ ƒ›ƒ†ƒŽŽ Žƒ‹•ǡ†‡ƒ†•ǡ ƒ—•‡•‘ˆƒ –‹‘ǡŽ‘••‡•ǡ†ƒƒ‰‡•ǡˆ‹‡•ǡ’‡ƒŽ–‹‡•ǡŽ‹ƒ„‹Ž‹–‹‡•ǡ ‘•–•ƒ† ‡š’‡•‡•ǡ‹ Ž—†‹‰”‡ƒ•‘ƒ„އƒ––‘”‡›•ǯˆ‡‡•ƒ† ‘—”– ‘•–•ǡ•—•–ƒ‹‡†‘”‹ —””‡†„›‘”ƒ••‡”–‡†ƒ‰ƒ‹•– Ž‹‡–„›ƒ–Š‹”†’ƒ”–›„›”‡ƒ•‘‘ˆ‘”ƒ”‹•‹‰‘—–‘ˆ ǯ•‰”‘••‡‰Ž‹‰‡ ‡‘”™‹ŽŽˆ—Ž‹• ‘†— –™‹–Š”‡•’‡ – –‘ ǯ•†—–‹‡•ƒ†ƒ –‹˜‹–‹‡•™‹–Š‹–Ї• ‘’‡‘ˆ–Š‹•އ––‡”ƒ‰”‡‡‡–Ǥ š ‡’–ˆ‘” ǯ•‰”‘••‡‰Ž‹‰‡ ‡‘”™‹ŽŽˆ—Ž‹• ‘†— –ǡŽ‹‡–•ŠƒŽŽ‹†‡‹ˆ›ǡ†‡ˆ‡†ȋ™‹–Š ‘—•‡Ž ”‡ƒ•‘ƒ„Ž›ƒ ‡’–ƒ„އ–‘ Ȍƒ†Бކ ƒ†‹–•’ƒ”–‡”•ǡ†‹”‡ –‘”•ǡ‘ˆˆ‹ ‡”•ǡƒ‰‡–•ǡ•‡”˜ƒ–•ƒ† ‡’Ž‘›‡‡•Šƒ”Ž‡••ˆ”‘ƒ†ƒ‰ƒ‹•–ƒ›ƒ†ƒŽŽ Žƒ‹•ǡ†‡ƒ†•ǡ ƒ—•‡•‘ˆƒ –‹‘ǡŽ‘••‡•ǡ†ƒƒ‰‡•ǡˆ‹‡•ǡ ’‡ƒŽ–‹‡•ǡŽ‹ƒ„‹Ž‹–‹‡•ǡ ‘•–•ƒ†‡š’‡•‡•‹ —””‡†‹–Ї ƒ’ƒ ‹–›‘ˆƒ†‡ˆ‡†ƒ–‘”ƒ™‹–‡••ǡƒ†ƒŽŽ‘–Ї” ‘•–•ƒ†‡š’‡•‡•ȋ‹ Ž—†‹‰™‹–Š‘—–Ž‹‹–ƒ–‹‘ƒ––‘”‡›•ǯˆ‡‡•ƒ† ‘—”– ‘•–•Ȍ•—•–ƒ‹‡†‘”‹ —””‡†„›‘” ƒ••‡”–‡†ƒ‰ƒ‹•– „›ƒ–Š‹”†’ƒ”–›„›”‡ƒ•‘‘ˆ‘”ƒ”‹•‹‰‘—–‘ˆ–Ї’‡”ˆ‘”ƒ ‡‘”‘’‡”ˆ‘”ƒ ‡‘ˆ ǯ•†—–‹‡•ƒ†ƒ –‹˜‹–‹‡•™‹–Š‹–Ї• ‘’‡‘ˆ–Š‹•އ––‡”ƒ‰”‡‡‡–Ǥ Ї–‡”•‘ˆ–Їˆ‘”‡‰‘‹‰‹†‡‹ˆ‹ ƒ–‹‘’”‘˜‹•‹‘•ŠƒŽŽ•—”˜‹˜‡–Ї‡š’‹”ƒ–‹‘‘”–‡”‹ƒ–‹‘‘ˆ–Š‹•އ––‡” ƒ‰”‡‡‡–Ǥ      ‘–Š’ƒ”–‹‡••ŠƒŽŽ–”‡ƒ–ƒ• ‘ˆ‹†‡–‹ƒŽ’”‘’‡”–›ƒ†‘–†‹• Ž‘•‡–‘‘–Ї”•†—”‹‰‘”•—„•‡“—‡––‘–Ї–‡” ‘ˆ–Š‹•އ––‡”ƒ‰”‡‡‡–ǡ‡š ‡’–ƒ•‡ ‡••ƒ”›–‘’‡”ˆ‘”–Š‹•އ––‡”ƒ‰”‡‡‡–ȋƒ†–Ї‘Ž›‘ƒ ‘ˆ‹†‡–‹ƒŽ„ƒ•‹••ƒ–‹•ˆƒ –‘”›–‘„‘–Š’ƒ”–‹‡•Ȍǡƒ›‹ˆ‘”ƒ–‹‘ƒ††‘ —‡–•™Š‹ Šƒ”‡”‡ ‡‹˜‡†ˆ”‘–Ї ‘–Ї”’ƒ”–›ƒ†‹†‡–‹ˆ‹‡†ƒ•Dz‘ˆ‹†‡–‹ƒŽǤdz‘–Š ƒ†Ž‹‡–•ŠƒŽŽƒŽ•‘–”‡ƒ–ƒ• ‘ˆ‹†‡–‹ƒŽƒ†•ŠƒŽŽ‘– †‹• Ž‘•‡–‘‘–Ї”•ǡ‡š ‡’–ƒ•”‡“—‹”‡†„›Žƒ™ǡ–Š‹•ˆ‘”‘ˆއ––‡”ƒ‰”‡‡‡–ǤŽ‹‡–•ŠƒŽŽƒ—–‘ƒ–‹ ƒŽŽ›–”‡ƒ– ̹•̺ ‘’›”‹‰Š–‡†̺™‘”’”‘†— –ƒ†’”‘’”‹‡–ƒ”›•‘ˆ–™ƒ”‡’”‘‰”ƒ•ƒ•̺‘ˆ‹†‡–‹ƒŽ̺ƒ†•ŠƒŽŽ‘–”‡—•‡ ‘”•Šƒ”‡•— Š‘ˆ‹†‡–‹ƒŽ‹ˆ‘”ƒ–‹‘™‹–Š‘–Ї”‘—–•‹†‡ ‘•—Ž–ƒ–•ǡ‘”–Š‹”†’ƒ”–‹‡•ǡ™‹–Š‘—––Ї’”‹‘” ™”‹––‡ ‘•‡–‘ˆ Ǥ ‘–Š‹‰ƒ„‘˜‡ǡŠ‘™‡˜‡”ǡ•ŠƒŽŽ’”‡˜‡–‡‹–Ї”’ƒ”–›ˆ”‘†‹• Ž‘•‹‰–‘‘–Ї”•‘”—•‹‰‹ƒ›ƒ‡” ‹ˆ‘”ƒ–‹‘ǡ™Š‹ Š–Šƒ–’ƒ”–› ƒ†‡‘•–”ƒ–‡ǣ ƒ‰‡͟‘ˆ͙͘ 3DFNHW3J )D  -RQHV/DQJ/D6DOOH$PHULFDV,QF +RWHOV +RVSLWDOLW\*URXS  Ǥ ƒ•„‡‡’—„Ž‹•Ї†ƒ†Šƒ•„‡ ‘‡’ƒ”–‘ˆ–Ї’—„Ž‹ †‘ƒ‹‘–Ї”–Šƒ„›ƒ –•ǡ‘‹••‹‘•‘”ˆƒ—Ž–  ‘ˆ–Ї’ƒ”–›–‘–Š‹•އ––‡”ƒ‰”‡‡‡–”‡ ‡‹˜‹‰•— Š‘ˆ‹†‡–‹ƒŽ‹ˆ‘”ƒ–‹‘ǡ–Ї‹”‡’Ž‘›‡‡•ǡƒ‰‡–•ǡ ‘–”ƒ –‘”•ƒ†Ȁ‘” ‘•—Ž–ƒ–•Ǣ‘”ǡ Ǥ ƒ•„‡‡ˆ—”‹•Ї†‘”ƒ†‡‘™–‘–Ї’ƒ”–›–‘–Š‹•އ––‡”ƒ‰”‡‡‡–”‡ ‡‹˜‹‰–Ї‘ˆ‹†‡–‹ƒŽ  ‹ˆ‘”ƒ–‹‘„›ƒ–Š‹”†’ƒ”–›ȋ‘–Ї”–Šƒ–Š‘•‡ƒ –‹‰†‹”‡ –Ž›‘”‹†‹”‡ –Ž›ˆ‘”‘”‘„‡ŠƒŽˆ‘ˆ ‘” Ž‹‡–Ȍƒ•ƒƒ––‡”‘ˆއ‰ƒŽ”‹‰Š–™‹–Š‘—–”‡•–”‹ –‹‘•‘‹–•†‹• Ž‘•—”‡Ǣ‘”ǡ Ǥ —”ƒ › ‘ˆ•— Іƒ–ƒƒ†‹ˆ‘”ƒ–‹‘ǡƒ†ˆ‘”ƒ›ƒ••—’–‹‘•†‡”‹˜‡†–Ї”‡ˆ”‘ǤЇ‹ˆ‘”ƒ–‹‘ˆ—”‹•Ї†„› ‘–Ї”•‹•„‡Ž‹‡˜‡†–‘„‡”‡Ž‹ƒ„އǡ„—–‘™ƒ””ƒ–›‹•‰‹˜‡ˆ‘”‹–•ƒ —”ƒ ›Ǥ ‘™‡˜‡”ǡ ǯ•’‡”ˆ‘”ƒ ‡™‹ŽŽ „‡„ƒ•‡†‘ ǯ•’”‘ˆ‡••‹‘ƒŽ‡˜ƒŽ—ƒ–‹‘‘ˆƒŽŽ•— Šƒ˜ƒ‹Žƒ„އ•‘—” ‡•‘ˆ‹ˆ‘”ƒ–‹‘ǤŽ‹‡–ƒ ‘™Ž‡†‰‡• ƒ†ƒ‰”‡‡•–Šƒ––Ї”‡ƒ›„‡†‹ˆˆ‡”‡ ‡•„‡–™‡‡’”‘Œ‡ –‡†ƒ†ƒ –—ƒŽ”‡•—Ž–•„‡ ƒ—•‡‡˜‡–•ƒ† ‹” —•–ƒ ‡•ˆ”‡“—‡–Ž›†‘‘–‘ —”ƒ•’”‡†‹ –‡†ǡƒ†–Š‘•‡†‹ˆˆ‡”‡ ‡•ƒ›„‡ƒ–‡”‹ƒŽƒ†Ї”‡„› ”‡Ž‡ƒ•‡• ˆ”‘ƒ› Žƒ‹•‘”Ž‹ƒ„‹Ž‹–›ƒ”‹•‹‰ˆ”‘–Ї•‡†‹ˆˆ‡”‡ ‡•Ǥ ‹•‘–‘„Ž‹‰ƒ–‡†–‘’”‡†‹ –ˆ—–—”‡ ’‘Ž‹–‹ ƒŽǡ‡ ‘‘‹ ‘”•‘ ‹ƒŽ–”‡†•Ǥ ƒ••—‡•‘”‡•’‘•‹„‹Ž‹–›ˆ‘”‡ ‘‘‹ ˆƒ –‘”•–Šƒ–ƒ›ƒˆˆ‡ –‘” ƒŽ–‡”–Ї‘’‹‹‘•‹–Š‹•”‡’‘”–‹ˆ•ƒ‹†‡ ‘‘‹ ˆƒ –‘”•™‡”‡‘–’”‡•‡–ƒ•‘ˆ–Ї†ƒ–‡‘ˆ–Їއ––‡”‘ˆ –”ƒ•‹––ƒŽƒ ‘’ƒ›‹‰–Š‹•”‡’‘”–Ǥ Ї’ƒ”–‹‡•—†‡”•–ƒ†ƒ†ƒ‰”‡‡–Šƒ–‡‹–Ї” ǯ•ˆ‡‡•‘”–Ї’ƒ›‡––Ї”‡‘ˆ„›Ž‹‡–‹• ‘–‹‰‡– —’‘–Ї”‡•—Ž–•ǡ ‘ Ž—•‹‘•‘””‡ ‘‡†ƒ–‹‘•’”‘˜‹†‡†„› Ǥ   ‘–™‹–Š•–ƒ†‹‰ƒ›–‡”‹–Š‹•އ––‡”ƒ‰”‡‡‡––‘–Ї ‘–”ƒ”›ǡ •ŠƒŽŽ”‡–ƒ‹ƒŽŽ”‹‰Š–ǡ–‹–އǡƒ†‹–‡”‡•– ‹ƒ›ƒ†ƒŽŽ‹–‡ŽŽ‡ –—ƒŽ’”‘’‡”–›ǣȋ‹Ȍ ”‡ƒ–‡†„› ’”‹‘”–‘–Š‹•އ––‡”ƒ‰”‡‡‡–ǡ‹ Ž—†‹‰ȋ™‹–Š‘—– Ž‹‹–ƒ–‹‘Ȍ ǯ•’”‘’”‹‡–ƒ”›•‘ˆ–™ƒ”‡’”‘‰”ƒ•ƒ†’”‘ ‡••‡•ˆ‘”’”‘˜‹†‹‰•‡”˜‹ ‡•ƒ†ȋ‹‹Ȍ ”‡ƒ–‡†„›  †—”‹‰–Ї–‡”‘ˆ–Š‹•އ––‡”ƒ‰”‡‡‡–‹–Ї‘”ƒŽ ‘—”•‡‘ˆ„—•‹‡••ˆ‘” ̹• Ž‹‡–•‰‡‡”ƒŽŽ›Ǥ    ‘–™‹–Š•–ƒ†‹‰ƒ›–Š‹‰•‡–ˆ‘”–ŠЇ”‡‹‘”‹ƒ›‘–Ї”ƒ‰”‡‡‡–„‡–™‡‡–Ї’ƒ”–‹‡•–‘–Ї ‘–”ƒ”›ǡ Ž‹‡–‰”ƒ–•–‘ –Ї”‹‰Š––‘—–‹Ž‹œ‡–ЇŽ‹‡–ǯ•ƒ‡ǡŽ‘‰‘ǡ’”‘Œ‡ –’Š‘–‘‰”ƒ’Š•‘™‡†„›Ž‹‡–ǡƒ†ƒ •—ƒ”›‘ˆ–Ї •‡”˜‹ ‡•’”‘˜‹†‡†‹ ǯ•ƒ”‡–‹‰ƒ–‡”‹ƒŽ•ˆ‘”‡š–‡”ƒŽ†‹•–”‹„—–‹‘Ǥ ƒ‰‡͠‘ˆ͙͘ 3DFNHW3J )D  -RQHV/DQJ/D6DOOH$PHULFDV,QF +RWHOV +RVSLWDOLW\*URXS  –ƒ––‡”‘ˆ–Š‹• ƒ‰”‡‡‡–ǡ–Ї’”‡˜ƒ‹Ž‹‰’ƒ”–›•ŠƒŽŽ„‡‡–‹–އ†–‘”‡ ‘˜‡”‹–•”‡ƒ•‘ƒ„އƒ––‘”‡›•̹ˆ‡‡•ƒ††‹•„—”•‡‡–• ‹•— ŠŽ‹–‹‰ƒ–‹‘ˆ”‘–Ї‘–Ї”’ƒ”–›Ǥ    )D  -RQHV/DQJ/D6DOOH$PHULFDV,QF +RWHOV +RVSLWDOLW\*URXS  ‘–Ї‡š–‡––Ї–‡”•ƒ† ‘†‹–‹‘•‘–Š‹•šŠ‹„‹– ‘ˆŽ‹ –™‹–Š–Їƒ––ƒ Ї†ƒ‰”‡‡‡–ǡ–Ї–‡”• ƒ† 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