Songwriters Guide e Book

"#$ %&'()*+,$*-. /0+1$

"& 2$3&*1+'( 4*&5$..+&'67 8$9&.

"#$%&'()* $+

,%&-- ./%*012()3 4#'&2 "3/*#25&/6 7899:

!"#; <=>?@89?A8@@ $%&'#;2%&--B2%&--C/%*012()3?2/0

(")*'+";DDD?2%&--C/%*012()3?2/0

"#$%&# '( )&%&* +,-#./01&*

2/(,3% 4 5&6$78 '( 9/6:/. ;&#$/

!"# %&"'( ") *"+ ,&"-. /#()(# %" /#01% "+% %&0' 2""3 2+% '%044 &56( %&( 5+.0" (758/4(' (5'04* 599(''024(: *"+ 951 ;" %" %&( <=>""3 9"8/510"1 /5;( )"# %&( (>""3 9"8/510"1 ,(2 /5;( 51. 599('' %" 544 %&(

8+'0954 (758/4(' %&(#( ,&04( #(5.01; *"+# /#01%(. 9"/* ") %&( 2""3?

&%%/@AA,,,?940));"4.859&(#?9"8A(=2""3=9"8/510"1

<, =/*% ,> %1$6 =3'-$0/%$,8 ./( '& *&=*,#30&# $8 /8( >,*. ,* '( /8( .&/86? @$%1,3% %1& &A=*&66 @*$%%&8 =&*.$66$,8 ,> %1& =3'-$61&*B

"

!"#$% '( )'*+%*+,

-*+.'/01+2'*

3

)4"5+%. 6

#$% &'( ) *+,-(''.,/)0 1(2,+3./4 5673.,

7

)4"5+%. 8

#$)6 6, 8,

!"#$%"

9,7 :, ./6, 6$( 5673.,

9

)4"5+%. :

#$)6 ) *+,372(+ 8,('

6:

)4"5+%. 3

#,+;./4 <.6$ 5(''.,/ =7'.2.)/'

6;

)4"5+%. <

#,+;./4 <.6$ 8(>, 5./4(+'

86

)4"5+%. 7

?$( =.@

8;

)4"5+%. ;

57A>.66./4B*.62$./4 9,7+ 5,/4'

:8

)'*1$0,2'*

:7

"

!"#$%&'(#)%"

#$%&'($ )' *+,$ -'./012)$134 5627$ )' 8$&'172./ 91':$442'.;% <$('4=>

+,24 ?''@ 24 ?;4$7 '. ; 1$%;)2A$%B 1$&$.) 1$;%2C;)2'. '. (B D;1)E

F. 4,'1)G 2) '&&611$7 )' ($ ),;) ;:)$1 HI B$;14 ;4 ; 4'./012)$1G D1'76&$1G $./2.$$1 ;.7 4)672' '0.$1 ;.7 ;:)$1 0'1@2./ 02), ,6.71$74 ': &%2$.)4 '. %2)$1;%%B ),'64;.74 ': 7$('4G F ;&)6;%%B ,;7 ;. 'D2.2'. '. ,'0 )' (;@$ ),$ 7$(' D1'&$44 $;42$1 ;.7 ('1$ $::$&)2A$ :'1 (B 4'./012)2./ &%2$.)4= F ?$%2$A$ ),$1$ ;1$ &$1);2. D1;&)2&$4 ;.7 ?$,;A2'14 ),;) 2: '?4$1A$7 &;. (;@$ ),$ 7$(' D1'&$44 %$44 4)1$44:6% ;.7 ('1$ D1'76&)2A$ 1$/;17%$44 ': 0,$),$1 B'631$ ; :214)J)2($ 4'./012)$1 '1 ; 51;((BJ 02..$1=

+,$ :214) )2($ F ?1'6/,) '.$ ': (B 4'./4 )' ; D1':$442'.;% 4)672' )' ?$ 7$('$7G F 0;4 ; .$1A'64 01$&@= F ,;7 K64) ('A$7 )' L;4,A2%%$ :1'( L'1),$1. M;%2:'1.2; ;.7 0;4.3) :;(2%2;1 02), ),$ 4'./012)2./ 7$(' D1'&$44= F '.%B @.$0 ,'0 ,;17 F ,;7 0'1@$7 '. (B '0. ;1)24) D1'K$&) ;.7 ,'0 (;.B );@$4 N6/,G 4'''' (;.B );@$4O F .$$7$7 )' /$) ;. $A$. 1$(')$%B 7$&$.) 4'6.72./

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

)'$*+ &-" ./%0 &$&'" 1"'/2 &/ -"34 -/2 $& &54%"! /5&6

7/%8& 9//+ 7/2%

+,$ 4$A$. &,;D)$14 ),;) :'%%'0 02%% );@$ B'6 ),1'6/, $A$1B),2./ B'6 .$$7 )' @.'0 ;?'6) ),$ D1'&$44 ': ,;A2./ B'61 7$(' D1':$442'.;%%B 1$&'17$7= -);1)2./ :1'( :2.72./ ; 4)672' ;.7 D1$J D1'76&)2'.G F3%% D1'/1$44 )' ),$ ;&)6;% 1$&'172./G 0'1@2./ 02), 4$442'. (642&2;.4 ;.7 42./$14G (2T2./

U

;.7G 6%)2(;)$%BG ,'0 )' /$) B'61 4'./4 ,$;17 '.&$ B'63A$ /') B'61 :2.24,$7 D1'76&)= RB @.'02./ 0,;) )' $TD$&) ;4 B'6 ('A$ ),1'6/, ),$ 7$(' D1'&$44G B'63%% ?$ ?$))$1 $Q62DD$7 )' ,;.7%$ $;&, 2.72A276;% 4)$D ;4 2) &'($4= +,$ ('1$ B'6 @.'0 2. ;7A;.&$G ),$ ('1$ 1$%;T$7 B'63%% ?$ ;.7 ),$ ('1$ $.K'B;?%$ ),$ $.)21$ $TD$12$.&$ 02%% ?$&'($=

V%),'6/, F37 .$A$1G $A$1 724&'61;/$ ;.B'.$ :1'( /$))2./ ),$21 '0. 1$&'172./ $Q62D($.) ;.7 %$;1.2./ ,'0 )' 1$&'17 ),$21 '0. 4'./4 N;:)$1 ;%% ),;)34 ":3*&'( 0,;) F 727OG ),24 ?''@ 7$;%4

4D$&2:2&;%%B 02), 642./ D1':$442'.;% 4)672'4G 4$442'. (642&2;.4 ;.7 42./$14 )' /$) ; ,2/,JQ6;%2)BG D2)&,P%2&$.42./J1$;7B 7$('= WB ;446(D)2'. 24 ),;) 2: B'631$ 4$12'64 $.'6/, ;?'6) B'61 4'./012)2./ )' ?$ 1$;72./ (B ?''@G B'631$ 4$12'64 $.'6/, )' 6.7$14);.7 ),;) 2. '17$1 )' (;@$ ('.$B :1'( B'61 4'./4G B'6 ,;A$ )' )1$;) ),$ 1$&'172./ D1'&$44 %2@$ ),$ ?642.$44 7$&242'. 2) 24=

V4 F3%% 724&644 %;)$1G B'6 ;1$ ),$ $TD$1) ;) 012)2./ B'61 4'./4 ;.7 .' '.$ $%4$ &;. 7' ),;) :'1 B'6= X'0$A$1G 2: B'631$ .') 02%%2./ )' 7$A')$ ),$ )2($ N;.7 ('.$BO .$&$44;1B )' ?$&'($ ;. $TD$1) 1$&'172./ $./2.$$1P4$442'. (642&2;.G B'6 .$$7 )' 2.A$4) 2. ),$ D$'D%$ 0,' ;1$ ;%1$;7B $TD$1)4 ;) ),24 D;1) ': ),$ D1'&$44=

+,24 ?''@ 24 ; /627$ )' ,$%D 7$(B4)2:B ),$ D1'&$44 ': 0'1@2./ 02), ),$ ;DD1'D12;)$ $TD$1)4 0,' &;. (;@$ ),$ 1$&'172./ ': B'61 4'./ &'(D$)2)2A$ ;) ),$ ,2/,$4) %$A$%4 ': ),$ (642& ?642.$44= Y$$% :1$$ )' 1$;7 2) *&'A$1 )' &'A$1> '1 )' 42(D%B 64$ 2.72A276;% &,;D)$14 ;4 ; 1$:$1$.&$ ;4 ),$ 42)6;)2'. 0;11;.)4=

S.K'B ;.7 ?$4) ': %6&@ 02), B'61 (642&Z

JM%2::

000=&%2::/'%7(;&,$1=&'(

D=4= F 4)2%% 0'1@ $A$1B 7;B ;4 ;. $./2.$$1G D1'76&$1G 4$442'. (642&2;. ;.7 &'.46%);.)= <'.3) ,$42);)$ )' 71'D ($ ; %2.$ 2: B'63A$ /') Q6$4)2'.4P&'(($.)4 ;?'6) ),24 ?''@ '1 B'631$ 1$;7B )' );@$ B'61 7$('4 )' ),$ .$T) %$A$%=

"

!"#$%&' )

*"+ ,-& # .'/0&--1/2#3 4&5/'6127 8%961/

*"/:- %"& ;<$&'%=

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

!" $%&' ($&) & *+',) '&)% -.+)&'/0"1&2 3%4" ,".53, 2+6%7 12+16 8%2"(9 1 M(5(' N(/ #$% O$

P

>/? %/ @126 # A//6 4&5/'6127 8%961/

Q+( $7 /2( ;$*/ 4)%+/.+, )*:(8/* $7 /2( '(8$'4.+, :'$8(** 7$' ;$*/ *$+,-'./('* .* *.;:63 7.+4.+, /2( */%4.$ /2)/ .* '.,2/ 7$' /2(;0 @$'4 $7 ;$%/2 .+ /2( *$+,-'./.+, 8$;;%+./3 )+4 /2( '(8$;;(+4)/.$+* $7 3$%' :('7$';.+, '.,2/* $',)+.R)/.$+* KJS19 GTUGV H TWTGUL )'( ,'()/ :6)8(* /$ */)'/0 S3 *%,,(*/.$+ .* /2)/ 3$% /'()/ /2.* :)'/ $7 /2( :'$8(** X%*/ 6.F( 3$% -$%64 )+3 <%*.+(** 4(8.*.$+0 O)/2(' )* ;%82 .+7$';)/.$+ )* 3$% 8)+ )+4 <)*( 3$%' 4(8.*.$+ $+ -2('( 3$% /2.+F 3$%&66 ,(/ /2( <(*/ *('5.8( )+49 $7 8$%'*(9 /2( <(*/ '(*%6/*0

B"& 8%961/

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

!" $%&' ($&) : 4%&57 12+16 )$% ,"5- )+)2% 8%2"( )" 2+,)%5 )" 1".5)'; ,)&'7 <%8& =1>5)+'%?,7 @+&5" @2&;%' &53 A&5 B&2%5 *'"5) 4&57 C&0+3 D%% <")$?,7 8&,, @2&;%' @2&;+5- & E&FF 8&22&39

=; =")$%' G".23 D+6% H".

T(8$+4639 ;)F( *%'( 3$%&'( 8$;7$'/)<6( .+ /2( *:)8( -2('( 3$%&66 <( -$'F.+,0 G6/2$%,2 -$'F.+, .+ ) <.,9 <()%/.7%6 */%4.$ 8)+ <( .+*:.'.+,[ ./ 8)+ )6*$ <( .+/.;.4)/.+,0 #$%&'( ,$.+, /$ <( *:(+4.+, ) 6$/ $7 /.;( .+ /2.* :6)8(9 ;)F( *%'( 3$% 7((6 )/ ()*( /2('( *$ /2)/ 3$% 8)+ '(6)=9 -$'F (77(8/.5(63 )+4 (+X$3 /2( :'$8(**0

\

B"& ;2712&&'C.'/695&'

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

B"& D/2&+

J(-)'( $7 <(.+, :(++3B-.*( )+4 :$%+4B7$$6.*20 I(;(;<(' /2)/ 3$%&'( '%++.+, ) <%*.+(**0 1+5(*/.+, .+ 3$%' <%*.+(** .* )+ (**(+/.)6 :)'/ $7 2(6:.+, /2( <%*.+(** ,'$- )+4 %6/.;)/(63 <'.+, 3$% ) '(/%'+ $+ 3$%' .+5(*/;(+/0 >2.* 4$(* +$/ ;()+9 2$-(5('9 /2)/ 3$% *2$%64+&/ 2)5( ) 8'3*/)6 86()' %+4('*/)+4.+, $7 -2)/ /2( )**$8.)/(4 8$*/* $7 3$%' 4(;$ -.66 <(0 G6-)3* 4.*8%** :'.8.+, -./2 /2( */%4.$ <(7$'( 3$% <(,.+ -$'F.+, /2('( )+4 '(;(;<(' /$ )*F 7$' )+ ./(;.R)/.$+ $7 )66 7((*0 >2( $<5.$%* 7(( -$%64 <( /2( 2$%'63 ')/( <%/ ./&* .;:$'/)+/ /$ )*F -2)/ $/2(' 82)',(* 3$% ;.,2/ <(

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`ab /$ ;3 <.66 (5('3 /.;( /2(3 -2((6(4 /2( 4.,./)6 )%4.$ /):( '(8$'4(' .+/$ /2( '$$;0 U$%64 /2(3 2)5( ;(+/.$+(4 /2.* /$ ;(9 *%'(9 <%/ %6/.;)/(63 ./ -)* ;3 '(*:$+*.<.6./3 /$ )*F -2)/ )66 82)',(* -$%64 <( %: 7'$+/0

!"&#$ !#2 E& ;<$&2-1F&

>2('( )'( $+63 *$ ;)+3 2$%'* .+ /2( 4)30 17 3$%&'( .+ /2( ()'63 */),(* $7 3$%' 8)'((' )* ) *$+,-'./('9 3$% *2$%64 <( *:(+4.+, /2$*( 2$%'* -$'F.+, $+ 3$%' *$+,-'./.+, )+4 4(5.*.+, (5('3 ;()+* :$**.<6( K+(/-$'F.+, )+3$+(c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

"#

!"#$%&' )

*"#% %+ ,+!"#$%" -+. /+ 01%+ %"& 2%.30+

4&5+'& %"& 607"% 8.'19 :&3

$%& '()' *%+,-. /.01/./ '% 2.' *%+3 4%524 3.0%3/./ 15 ) 63%7.441%5)8 4'+/1%9 *%+ 4(%+8/ /% &()' *%+ 0)5 )(.)/ %7 '1:. '% :);. '(. 3.0%3/152 63%0.44 )4 4:%%'( )5/ 0%4'<.77101.5' )4 6%441=8.> ?.:.:=.39 '(. :%3. 63.6)3./ *%+ )3. 15 )/-)50.9 '(. :%3. *%+ 0)5 3.8)@ )5/ .5A%* &()' 4(%+8/ =. ) '3+8* ):)B152 )5/ .5A%*)=8. 63%0.44>

2+17 ;'&$#'#%0+1

C' :)* 4%+5/ %=-1%+4 =+' :);. 4+3. *%+3 4%52 14 DC$CEFGH> C 0)5I' '.88 *%+ '(. 5+:=.3 %7 '1:.4 CI-. ()/ 081.5'4 0%:. 15'% '(. 4'+/1% %58* '% 4')3' 3.&31'152 ) 6)3' %7 '(. 8*310 %3 :.8%/*> C' 14 41251710)5'8* 8.44 4'3.447+8 J)5/ K+1'. ) =1' 8.44 [email protected] '% &31'. ) 4%52 &(.5 *%+I3. 5%' 6)*152 '(. 4'+/1% )5 (%+38* 7..> M%+ 0)5 )84% =.5.71' 73%: '3*152 ) 7.& 3%+2( 3.0%3/1524 )' (%:. =.7%3. *%+ 2.' '% '(. 4'+/1%> N(. 41:68. )0' %7 814'.5152 '% ) 3%+2( 3.0%3/152 %7 ) 4%52 154'.)/ %7 6.37%3:152 1' &188 3.-.)8 )5* &.);5.44.4 %3 144+.4 '()' 5../ '% =. /.)8' &1'( =.7%3. '(. 4'+/1% 08%0; 14 3+55152> N(. 8)4' %7 '(.4. 3%+2( (%:. 3.0%3/1524 &188 =.0%:. '(. /.7151'1-. 3%+2( 3.0%3/152>

8"& :+.7" :&<+'3017

N(14 14 )5* 41:68.9 [email protected]. 3.0%3/152 '()' *%+ /% %5 )()5/<(.8/ 3.0%3/.3 %3 .-.5 /13.0'8* 15'% '(. 81''8. :10 =+18' 15'% *%+3 8)6'%6> O.5.3)88* ) 61)5% %3 2+1')3 68+4 ) 403)'0( -%0)8 &188 /% '(. '310;> N(. ;.* (.3. 14 5%' ) 6.37.0' 3.0%3/152 =+' 3)'(.3 )5 )00+3)'. 3.63.4.5')'1%5 %7 '(. :.8%/*9 8*310 )5/ 4%52 4'3+0'+3.> N(14 :.)54 *%+,3. 5%' 2%152 '% 0%:. 15'% '(. 4.441%5 )5/ ()-. '% .@68)159 7%3 .@):68.9 '()' '(. 0(%3+4 14 5%& '&10. )4 8%52 %3 '(. 4.0%5/ -.34. ()4 =..5 0()52./ '% =. ()87 )4 8%52> G)0( 4.0'1%5 %7 '(. 4%52 4(%+8/ =. .@)0'8* '(. 4):. 15 '(. 3%+2( 3.0%3/152 )4 1' &188 =. 15 '(. 71514(./ /.:%> ?.:.:=.39 '(. 3.0%3/152 /%.45,' ()-. '% 4%+5/ 23.)' )4 8%52 )4 '(. 0(%3/49 :.8%/* )5/ 8*3104 )3. 0%33.0'> N(. 6+36%4. %7 '(14 3.0%3/152 14 41:68* '% 63%-1/. '(. /.:% -%0)814'

""

)5/ 4.441%5 :+4101)54 &1'( ) 3.0%3/./ -.341%5 %7 *%+3 4%52 '()' '(.* 0)5 8.)35 73%:P3.7.3 '%> Q3152152 *%+3 2+1')3 15'% '(. 4'+/1% %5 '(. /)* %7 '(. 4.441%5 )5/ 68)*152 '(. 4%52 81-. 7%3 '(. 68)*.34 14 ) =1' 314;*> C',4 ) (12( 63.44+3. &%38/ 15 '(. 4'+/1% &(.5 *%+,3. 5.& '% 1' )5/ *%+ :12(' &)4'. '1:. 7%32.''152 (%& ) 0.3')15 6)3' 2%.4 %3 68)*152 4%:.'(152 /177.3.5'8* 73%: (%& *%+,/ %31215)88* 15'.5/./ 1'> N(. 3%+2( 3.0%3/152 41:68* ');.4 )88 %7 '(%4. -)31)=8.4 %+' %7 '(. .K+)'1%5>

*"#% =5 -+. ,+1>% ;?#@ A1 =19%'.B&1%C

C ;5%& 4%:. '3+8* [email protected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

8"& 2017&'9 #13 %"& ;?#@&'9

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

*"#% 8+ 4'017

U(.5 *%+ 2.' '% '(. 4.441%59 1'I4 &14. '% ()-. :+8'168. 0%61.4 %7 '(. 6315'./ 8*310 4(..' 7%3 '(. .5215..39 :+4101)54 )5/ -%0)814'> N(. 8*3104 4(%+8/ =. '*6.&31''.59 41528.<46)0./ )5/ ()-. .)0( 0(%3+4 &31''.5 %+' 15 7+88> N(. 3.)4%5 7%3 '(14 14 '()' *%+I88 =. +4152 '(.4. 8*310 4(..'4 '% :)3; 46%'4 '()' 5../ 71@152 J%3 46%'4 %5 0.3')15 ');.4 '()' *%+ 81;.L )5/ ()-152 V3.6.)' 0(%3+4V &31''.5 7%3 '(. 4.0%5/ )5/ '(13/ 0(%3+4.4 &%5I' )88%& *%+ '% ');. 2%%/ 5%'.4> N(. =.''.3 '(. 5%'.4 *%+ ');. %5 '(.

"W

8*310 4(..' &(18. '(. -%0)814' 14 3.0%3/1529 '(. .)41.3 1' &188 =. '% '.88 '(. -%0)814' &()',4 &%3;152 )5/ &()' 5../4 '% =. 71@./>

N(. 4.441%5 :+4101)54 &188 5%' 5../ ) 3%+2( 3.0%3/152 %3 4(..' :+410 15 )/-)50.> N(.* &188 =. 8.)35152 '(. 4%52 A+4' =* 814'.5152 '% *%+3 3%+2( 3.0%3/152 &(.5 '(.* 2.' '% '(. 4.441%5> M%+ 0)5 4)-. ) 81''8. '1:. =* &31'152 ) 0(%3/ 0()3' %7 '(. 4%52 17 1'I4 4%:.'(152 *%+I3. 0%:7%3')=8. /%152> C7 5%'9 '(. 4.441%5 :+4101)54 4(%+8/ ()-. 5% '3%+=8. /%152 1' 7%3 *%+ 15 '(. 4'+/1% +4152 '(. 3%+2( 3.0%3/152 *%+ =3152 '% '(. 4.441%5>

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

!"#$% '() *+,- '#'") .)"+/ '+ ()01 0, )2034") +5 0 ()01 0, )2034") +5 0 *#34")6 1+7-( 1)$+18#,-9*#34")6 1+7-( 1)$+18#,-9 :+'(#,- ;)5' '+ ;+<)

:+'(#,- ;)5' '+ ;+<) =)1) >,?3+1)@A+7-( A)$+18#,-=)1) >,?3+1)@A+7-( A)$+18#,-

:+/ $"#$% .)"+/ '+ ()01 /(0' :+/ $"#$% .)"+/ '+ ()01 /(0' '(#* *03) *+,- .)$+3)* #, '() '(#* *03) *+,- .)$+3)* #, '() (0,8* +5 0 41+5)**#+,0" *)**#+, 37*#$#0,(0,8* +5 0 41+5)**#+,0" *)**#+, 37*#$#0, 0,8 )24)1#),$)8 8)3+ *#,-)19 0,8 )24)1#),$)8 8)3+ *#,-)19 :+'(#,- ;)5' B+ ;+<) :+'(#,- ;)5' B+ ;+<) =)1) >,?3+1)@C#,#*()8 D)3+=)1) >,?3+1)@C#,#*()8 D)3+

!+1<?.90+1

X50. *%+,-. /%5. .-.3*'(152 *%+ 0)5 '% 63.6)3.9 '(.5 1',4 +6 '% '(. 4152.34 )5/ :+4101)54 '% =3152 *%+3 4%52 '% '(. 5.@' 8.-.8> N(.3.I4 5%'(152 :%3. 154613152 '()5 814'.5152 '% &%38/<08)44 :+4101)54 )5/ -%0)814'4 3.0%3/ ) 4%52 *%+I-. &31''.5> N(. :%3. *%+ 63.6)3. 15 )/-)50.9 '(. :%3. *%+I88 =. )=8. '% .5A%* '(. [email protected].>

"#

!"#$%&' )

*"#% + ,'-./0&'

1-&2

*"#% 32 + ,'-./0&'4

$%& '&() *+, - ./0* )0 1&(234'& + 530162&37( 308& 4( )%4( +/+809,: + 530162&3 4( )0 + 3&20314/9 +( + 143&2)03 4( )0 + ;48<= >%&/ 4) 20<&( )0 <+.4/9 + ;48<? )%& '62. &((&/)4+88, ()05( *4)% )%& 143&2)03= -)7( )%& 143&2)03 *%0 ()&&3( )%& (%45 *03.4/9 *4)% &@&3,0/& ;30< )%& )&2%/42+8 &14)03( )0 )%& +2)03( 4/ 031&3 )0 +2%4&@& %4( 03 %&3 0@&3+88 @4(40/ 0; )%& <0@4&= -) 4( &A+2)8, )%+) *+, *4)% + 530162&3 *%&/ 4) 20<&( )0 <+.4/9 + 3&20314/9= B0) 0/8, <6() )%& 530162&3 %+@& )%& /&2&((+3, )&2%/42+8 &A5&34&/2& )0 *03. *4)% )%& ()6140 &/94/&&3 '6) )%& <6(42+8 6/1&3()+/14/9 )0 %&85 )%& (0/9*34)&3 284&/) 20<<6/42+)& )%&43 41&+( )0 )%& (&((40/ <6(424+/( +/1 (4/9&3(= -/ (%03)? + 530162&3 530@41&( )%& &A5&34&/2& +/1 /&2&((+3, 5&3(5&2)4@& )0 9641& + 3&20314/9 ;30< ()+3) )0 ;4/4(%=

,'-./0&' 5#067'-/8.2

C30162&3( 20<& ;30< + @+34&), 0; '+2.9306/1(= -7< 84()4/9 )%& ;063 <0() 20<<0/ +/1 *%+) &+2% '34/9( )0 )%& 5302&((? '6)? ),542+88,? 530162&3( %+@& &A5&34&/2& 4/ <03& )%+/ 0/& 0; )%&(& +3&+(=

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

"L

MD "#$ ./0+1+2' -K&3&? 4)7( 0;)&/ +/ 4/()36<&/)+8 +/1 <6(42 )%&03, '+2.9306/1 )%+) 94@&( )%4( ),5& 0; 530162&3 )%&43 &A5&34&/2&= $%&, %+@& ;43() %+/1 ./0*8&19& *%&/ 4) 20<&( )0 *03.4/9 *4)% <6(424+/( +/1 ./0*4/9 *%+) 4/()36<&/)+8 +5530+2% *488 *03. '&() 4/ + 94@&/ (4)6+)40/=

#D "#$ 3'(+'$$* -$%4( 530162&37( 534<+3, &A5&34&/2& 20<&( ;30< +2)6+8 3&20314/9 N4=&=? 58+24/9 <42305%0/&( 0/ 136< .4)(? 3&20314/9 @02+8( +/1 <4A4/9 +8'6<(D= O, '&20<4/9 +/ &A5&3) 4/ )%& /6)( +/1 '08)( 0; )%& 3&20314/9 5302&((? +/ &/94/&&3G530162&3 2+/ <+.& )%& 3&20314/9 5302&(( + (<00)% 0/& ;03 )%& 284&/)=

LD "#$ ./0+1 42' P $%4( 4( (0<&0/& *%0 84@&( +/1 '3&+)%&( <6(42 +/1 %+( )%& 4/()4/2)( )0 9641& +3)4()( +/1 (&((40/ <6(424+/( )%3069% )%& 3&20314/9 5302&(( *4)%06) /&2&((+348, %+@4/9 %+1 )%& Q%+/1( 0/R &A5&34&/2& 0; '&4/9 + (0/9*34)&3? <6(424+/ 03 &/94/&&3 )%&<(&8@&(= $%&, 0;)&/ '34/9 93&+) 5&3(5&2)4@& )0 + (4)6+)40/ *%&3& '&4/9 )00 280(& )0 +/, 0/& 5+3) 0; )%& 5302&(( <49%) '34/9 +/ 6/*+/)&1 '4+( )0 )%& 0@&3+88 3&20314/9=

>%&/ '34/94/9 4/ + 530162&3 )0 %&85 ,06 *4)% ,063 (0/9*34)4/9 1&<0? )%& <+4/ )%4/9 )0 800. ;03 4( /0) *%42% 0; )%& +'0@& '+2.9306/1( )%&, 20<& ;30< '6) *%&)%&3 )%&, %+@& &A5&34&/2& *03.4/9 *4)% (0/9*34)&3( +/1 (0/9*34)4/9 1&<0(= S0673& %434/9 )%4( 530162&3 ;03 )%&43 &A5&34&/2& +/1 ;+<484+34), *4)% )%& (0/9*34)4/9 1&<0 5302&(( (0 )%+) )%&, 2+/ %&85 ,06 +2%4&@& &A+2)8, )%& 1&<0 ,06 /&&1 ;03 ,063 (0/9=

T, '+2.9306/1 4( + <4A)63& 0; (0/9*34)&3? <6(424+/ +/1 &/94/&&3= - *+( &F6+88, ;+(24/+)&1 ', )%& 54+/0 +/1 964)+3? (0/9*34)4/9 +/1 *03.4/9 <, 84))8& $+(2+< U063V$3+2. C03)+ E)6140= - 6(&1 <,(&8; +( + 964/&+ 549 +/1 141 %6/13&1( 0; <, 0*/ 3&20314/9( 0@&3 +8<0() )*&8@& ,&+3( '&;03& -;4/+88, 90) *%+) -71 20/(41&3 <, '49 <6(42+8 '3&+.= -/ "WWX?$0< Y4<<&8? + (0/9*34)&3 +/1 ;03<&3 C08,93+< 3&20314/9 +3)4() +(.&1 <& )0 &/94/&&3 +/1 20V530162& + ()6140 +8'6< ;03 %4<= K& 141 )%4( +;)&3 %&+34/9 (0<& 0; )%& 3&20314/9( -71 10/& ;03 <,(&8; +/1 + ;&* ;34&/1(= $%3069% $0<? - <&) +/1 *03.&1 *4)% (0<& 0; )%& )36& 8&9&/1( 0; )%& (&((40/ <6(424+/ +/1 +3)4() *0381 4/28614/9 Z4< K03/ N(+A 58+,&3 0/ 3&20314/9( ;03 U3+/. E4/+)3+? [M +/1 )%& \0884/9 E)0/&(D?T+)) \0884/9( N54+/4() 0/ 3&20314/9( ;03 T+3. Y/05;8&3 +/1 5+3) 0; ],8& ]0@&))7( ]+39& O+/1D +/1 )*&8@&V)4<& ^3+<<, *4//4/9 <6(42+8 8&9&/1?_<<,806 K+334(? *%0 *+( 0/& 0; )%& <0() 93+2406( +/1 530;&((40/+8 +3)4()( -7@& &@&3 %+1 )%& 58&+(63& 0; *03.4/9 *4)%=

"`

!"#$% '() *+,- '#'") .)"+/ '+ ()01 0 '10$% 21+3 4+35* 0".637 8(+1' 8'+1#)*9

!0,5' :)' ;+6 <6' +2 => 8>*')3

*"#% 1- ,'-./0&'2 1-4

>%&/ 4) 20<&( )0 (0/9*34)&3 1&<0(? 530162&3( +3& )%&3& 534<+348, )0 .&&5 )%& 5302&(( 36//4/9 (<00)%8,= -)7( )%& 530162&37( &A5&34&/2&? 3&8+)40/(%45( *4)% (&((40/ <6(424+/( +/1 (4/9&3( +/1 +'484), )0 9641& )%& (0/9*34)&3 )%3069% )%& 3&20314/9 5302&(( )%+) 206/)(=

"D 5*$67*&8/1,+&' P $%4( 4/2861&( 20/(68)4/9 *4)% )%& (0/9*34)&3 )0 &A58+4/ )%& 0@&3+88 5302&(( +/1 %&85 )%&<? 4; 3&F6&()&1? )0 (&8&2) )%& (0/9( ;03 )%& 6520<4/9 (&((40/= -) +8(0 4/@08@&( 1&2414/9 *%42% (&((40/ <6(424+/(G4/()36<&/)( *0681 '& '&() (64)&1 )0 +2%4&@& )%& 349%) <6(42+8 ;&&8 ;03 + 5+3)4268+3 (0/9= H( 0550(&1 )0 +/ +3)4() 530J&2)? )%& .&, )0 5301624/9 + (0/9*34)4/9 1&<0 4( )0 3&<&<'&3 *%+) ),5& 0; 3&20314/9 *488 56) )%& (0/9 4/ )%& '&() 849%) )0 9&) 26) ', +3)4()( 4/ )%& +5530534+)& <6(42+8 9&/3&=

MD 9'0,*/:$',2; <$1&*8+'(=>**2'($:$', - K&3&? )%& 530162&3 *03.( *4)% )%& +((&<'8&1 <6(424+/( +/1 %&85( 143&2) )%&43 5&3;03<+/2&( 4/ )%& ()6140 4/ 031&3 )0 +2%4&@& + 20%&(4@& (06/1 ;03 )%& 3&20314/9= H8(0? + 8+39& 5+3) 0; )%4( 308& 4/2861&( )3+/(8+)4/9 )%&

(0/9*34)&3G284&/)7( 3&F6&()( +/1 20/2&3/( 4/)0 + 8+/96+9& )%+) )%& (&((40/ <6(424+/( +/1 (4/9&3( 2+/ 6/1&3()+/1 +/1 3&(50/1 )0 &;;&2)4@&8,=

#D ?&12;0V U4/+88,? '&2+6(& )%& ),542+8 <6(42 84()&/&3 3&(50/1( ;43() )0 )%& @042& 0; )%& (4/9&3? 0/& 0; )%& <0() 4<503)+/) 308&( 0; )%& 1&<0 530162&3 4( *03.4/9 *4)% )%& (&((40/ @02+84() )0 %&85 )%&< 94@& )%&43 '&()? <0() (4/2&3& 5&3;03<+/2& 0; )%& 284&/)7( <+)&34+8= -) 4( &A)3&<&8, 14;;4268) ;03 &@&/ )%& <0() &A5&34&/2&1 @02+84()( )0 %+@& +/, 5&3(5&2)4@& 0/ )%&43

5&3;03<+/2& *%48& 4)7( %+55&/4/9= H( + 3&(68)? )%& 530162&3? 4/ 20/(68)+)40/ *4)% )%& 284&/)? '&20<&( )%& ;4/+8 1&24(40/V<+.&3 0/ *%&/ + @02+84() %+( 10/& )%&43 '&() *03. ;03 )%& 94@&/ (0/9=

a/& 0; <, ;+@034)& 5+3)( 0; 5301624/9 (0/9*34)&3 1&<0( 4( &/J0,4/9 <, 284&/)7( &A24)&<&/) @42+3406(8, *%&/ )%&, %&+3 )%& 3069% @&3(40/( 0; )%&43 (0/9( )63/&1 4/)0 '&+6)4;688, 5084(%&1

"b

3&20314/9(= $%& Q'&;03&R 2845 '&80* 4( + 5&3;&2) &A+<58& 0; + 284&/)7( (4<58& 964)+3G@02+8 3&20314/9= $%4( 5&3;03<+/2& 530@41&( &@&3,)%4/9 /&2&((+3, ;03 )%& 1&<0 (4/9&3 )0 8&+3/ )%& <&801, +/1 )%& <6(424+/( )0 2%+3) )%& (0/9 +/1 58+, )%&43 5+3)(= U03 )%& 3&2031? 4)7( /0) /&2&((+3, )0 *34)& 06) 5+3)( ;03 +/, 0; )%& 58+,&3(= H( *&788 14(26(( 4/ 93&+)&3 1&5)% 4/ 2%+5)&3 ;063? )%&(& 96,( +/1 9+8( ./0* &A+2)8, *%+) )0 58+, )0 ;4) )%& 9&/3& 0; )%& 1&<0=

!"#$% '() *+,- '#'") .)"+/ '+ ()01 '() ?.)2+1)@ A)1*#+, +2 '() B)3+9

C+)* 8() =0%) ;+6 D06-(EF)2+1)

!"#$% '() *+,- '#'") .)"+/ '+ ()01 '() ?02')1@ A)1*#+, +2 '() B)3+9

C+)* 8() =0%) ;+6 D06-(EG2')1

9-: 1- 3 ;<8. + ,'-./0&'4

^&/&3+88, (5&+.4/9? *031 0; <06)% 4/ ,063 <6(42 20<<6/4), (&3@&( +( )%& '&()? <0() 039+/42 *+, )0 ;4/1 + 530162&3 349%) ;03 ,063 530J&2)= -; ,0673& /&* )0 + 20<<6/4),? ,06 2+/ +8*+,( 20/(68) )%& 5&3;03<4/9 349%)( 039+/4c+)40/( NHEIHC? OT- d E_EHID 03 + 802+8 (0/9*34)4/9 039+/4c+)40/= $%&, 0;)&/ *488 %+@& 84()( 0; 3&56)+'8& 530162&3( +@+48+'8& ;03 %43&=

!-80=/2<-8

H) )%& &/1 0; )%& 1+,? 4)7( + 9001 *03.4/9 3&8+)40/(%45 +/1 )%& )36() '&)*&&/ (0/9*34)&3 +/1 530162&3 )%+) <+.&( ;03 )%& '&() 3&(68)(= O& (63& )%+) ,06 /0) 0/8, 84.& + 530162&37( *03. '6) )%+) ,06 +8(0 ;&&8 20<;03)+'8& *03.4/9 *4)% )%&<= S06788 '& (5&/14/9 + 80) 0; )4<& *4)% )%4( 5&3(0/ +/1 )36()4/9 )%&< *4)% ,063 (0/9(? (0 <+.& 2&3)+4/ ,06 ;4/1 + 530162&3 *%0 4( /0) 0/8, &A5&34&/2&1 '6) +8(0 *4884/9 )0 94@& ,06 +/1 ,063 <6(42 )%& +))&/)40/ /&2&((+3, )0 9&) + 93&+) 3&20314/9=

"#

!"#$%&' )

*+',-./ 0-%" 1&22-+. 342-5-#.2

6"& 78#9&'2

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

1"+48:.;% < =& >?8& 6+ @+ 6"-2 392&8AB

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

<2.;% <% !"&#$&' -A < @+ <% 392&8AB

$, 011 %0F, <( D,,) 0/ ,&, (/ <%, :(<<(9 1./, 6%,/ .< 2(9,- <( (4* *,2(*'./3 :4'3,< 0/'5 0-0 *,-41<5 <%,*, .- <%, <,9)<0-0<.(/ <( -0-0F, 9(/,& :& )10-0&./3 (/ <%, ',9( &(4*-,1+? 8%, )*(:1,9 6.<%

"K

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

C'&#% DE$&5%#%-+.2

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

*,2(99,/'0<.(/ .- QL8 <( <0D, <%0< 2%0/2,? X(4CF, (/1& 3(< (/, ())(*<4/.<& <( 90D, 0 +.*-< .9)*,--.(/ 0/' &(4 -%(41' 3.F, &(4*-,1+ ,F,*& 0'F0/<03,? S1-(5 ,F,/ .+ &(4 +./' <%, *0*, ./'4-<*& )*(+,--.(/01 6.11./3 0/' 0:1, <( %,0* <%*(43% 0 *(43% *,2(*'./35 &(4C11 %(),+411& :, ).<2%./3 <%.--(/3 <( 0 /49:,* (+ ./'4-<*& ),()1, 90/& (+ 6%(9 6.11 :, ,>),2<./3 0 )*(+,--.(/01 -(4/'./3 ',9(?

"Y

6"& !#'& #.: F&&:-./ +A 1&22-+. 342-5-#.2

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

+*',- #( /0% &#(1 2%*#3 /# 0%)" 4'5 6#-%7& 0#"(& )(8 9%#"1% :)"'(%**'7& %*%,/"', 1;'/)"<

`Z

G&H&H?&' 6"&9 *+', F+' I+4

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

='-./ %"& G&5+':-./ 1%4:-+ 6+ I+4

$.<% <%, 0'F,/< (+ <%, ./<,*/,< 0/' -<*,09./3 04'.( <,2%/(1(3&5 .< .- /(6 )(--.:1, <( /(< (/1& %.*, <%, +./,-< -,--.(/ 94-.2.0/- <%0< Q0-%F.11, %0- <( (++,*5 :4< 01-( <( 1.-<,/ ./ *,01=<.9, 0/' +411= +.',1.<& +*(9 6%,*,F,* &(4 0*, ./ <%, 6(*1' 0- <%,-, )10&,*- *,2(*' &(4* -(/3-? L/, (+ <%, :4-.,-< )0*<- (+ 9& :4-./,-- .- :*./3./3 <(3,<%,* -(/36*.<,*- a1.F./3 -(9,<.9,- <%(4-0/'- (+ 9.1,- 060&b 6.<% -,--.(/ 94-.2.0/- 1.D, O.9 0/' J,(*3, <( *,2(*' <%,.* -(/3-? @& -<*,09./3 <%, 04'.( +*(9 9& Q0-%F.11, -<4'.( <( 0/&(/, 6.<% 0 2(9)4<,* 0/' 0 %.3%=-),,' ./<,*/,< 2(//,2<.(/5 B 90D, .< )(--.:1, +(* 9& 21.,/<- <( )0*<.2.)0<, ./ <%,.* -,--.(/- 6.<%(4< %0F./3 <( <*0F,1 <( Q0-%F.11, <( '( .<?

"#

!"#$%&' )

*+',-./ 0-%" 1&2+ 3-./&'4

5%64 788 79+:% %"& ;+<#8

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

*"= !#.6% 5 >:4% 3-./ ?= @0. 1&2+4A

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

""

%+'(-*I%&'()*+,-*% +' 1/%+0 %,+77 09&&%- &* 8&027+%,% ,& %+'( +* %&'( 3-1&% +< +, %-*8-% ,9-%&'(4

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

()*+, -.! /%&0 1!)%2 -% .!3# 4! /*&0 *-5 62!&-$78*&!7()*99

()*+, -.! /%&0 1!)%2 -% .!3# .%2 3 :#%9!//*%&3) ;!4% /*&0!# ;%!/ *-5 62!&-$78*&!7<!4% =%+3)

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

()*+, -.! /%&0 1!)%2 -% .!3# >3##$ /*&0*&0 -.! /+#3-+. "%+3) %9 %?# /%&05 @&)$ A4%,! B A+#3-+. =%+3)

()*+, -.! /%&0 1!)%2 -% .!3# (3#%)$&C/ 9*&3) "%+3) %9 %?# /%&05 @&)$ A4%,! B <!4% =%+3)

B-.C-./ %"& D-/"% 3-./&' E+' %"& >+9

RS. '&) ,92, >&/E8- 3-0+3-3 ,& (& )+,9 %&1-&'- -7%- ,& %+'( >&/* %&'(. ,9-*- 2*- 2 0&/:7- &< 092*20,-*+%,+0% ,& 7&&A <&* +' 2 3-1& %+'(-*4 =+*%, 2'3 <&*-1&%,. >&/E*- 7&&A+'( <&* 2 %+'(-*

)9&%-"T

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

1+.6% F-88 G"& ?&44&./&'

K9+7- 5E1 '&, 2 '&, 2 127- 092/8+'+%, 6> 2'> %,*-,09 &< ,9- +12(+'2,+&'. 5E1 (&+'( ,& +1:2*, 2 %1277. /')*+,,-' */7- 26&/, )9-,9-* ,& 09&&%- 2 127- &* <-127- 8&027+%, &' 2 %&'( )9&%- 7>*+0 0&/73 6- %/'( 6> -+,9-* 2 12' &* 2 )&12'4 5< >&/ &'7> 928- ,9- 6/3(-, ,& *-0&*3 -+,9-* 2 127- &* 8-*%+&' &< >&/* 3-1&. 27)2>% 09&&%- ,9- 127- 8&027+%,4 G& :/, +, %+1:7>. +, +% -2%+-* <&* 2 <-127-2*,+%, ,& 9-*%-7< %+'(+'( 2 %&'( 3-1&-3 6> 2 12' ,92' +, +% <&* 2 127- <-127-2*,+%, ,& +12(+'-9+1%-7< %+'(+'( 2 %&'( 3-1&-3 6> 2 )&12'4 G& 6- 07-2*. 5E1 '&, %2>+'( ,9+% */7- 2::7+-% ,& 277 %&'(%4 G9+% &'7> 2::7+-% ,& %&'(% )9-*- ,9- 7>*+0 +%3)#!3;$ &'- ,92, 0&/73 )&*A <&* -+,9-* 2 127- &* 2 <-127- 2*,+%,4

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

()*+, -.! /%&0 1!)%2 -% .!3# 6%4C/ %#*0*&3) #!+%#;*&05 O30!/ B 6%4 M*44!) #!+%#;*&0

()*+, -.! /%&0 1!)%2 -% .!3# D&;#!3C/ *&-!#:#!-3-*%& %9 -.! 43)! "%+3) #!+%#;*&05 O30!/ B D&;#!3 E%&& #!+%#;*&0

"W

*"#% %+ 1+ H&E+'& %"& 3-./&' !+2&4 5.

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

()*+, -.! /%&0 1!)%2 -% .!3# 3& !F34:)! %9 2.3- +%&/-*-?-!/ 3 :!#9!+-)$ 3++!:-31)! #%?0. #!+%#;*&05 8%-.*&0 >!9- -% >%"! Q!#! D&$4%#!7L%?0. L!+%#;*&0

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

B:-2A+'( &< 0&1+'( +' 2'3 (-,,+'( +, 3&'-. 7-, 1- +',*&3/0- >&/ ,& 1> <*+-'3G+1 H/::-*, 4 G+1 +% ,9- A+'3 &< 3-1& %+'(-* )9& 02' )27A +',& 2 %,/3+&. 7+%,-' 3&)' ,& 2 %&'( ,9*-- &* <&/* ,+1-%. 12*A /: 2 7>*+0 %9--, )+,9 9+% &)' 8-*%+&' &< :-*<&*12'0- '&,-% 2'3 ,9-' %+'( ,9- %&'( 7+A- 9-E% 6--' %+'(+'( +, 9+% )9&7- 7+<-4 Y+% 8&027 :-*<&*12'0- 0&'8->% 277 &< ,9- -1&,+&' +' 2 7>*+0 2'3 &<,-'

"[

/'0&8-*% %/6,7- :9*2%+'( 2'3 1-7&3+0 (-1% ,92, )-*- 62*-7> ,9-*- +' ,9- *&/(9 *-0&*3+'(4 K9-' +, 0&1-% ,& 92*1&'> 8&027%. G+1 02' N2'3 3&-%O %+'( 233+,+&'27 92*1&'> :2*,% +' ,9- ,+1- +, ,2A-% ,& %-, /: ,9- 92*1&'> 8&027 ,*20A +' \*&G&&7% 2'3 :*-%% *-0&*34 G9-%- %A+77% 3+3'E, 0&1- ,& G+1 &8-*'+(9,4 $, 72%, 0&/',. G+1E% %/'( &8-* ].^^^ 3-1&%4 C+0- )&*A +< >&/ 02' (-, +,4

()*+, -.! /%&0 1!)%2 -% .!3# 6*4C/ "%+3)5 S$ M*&; %9 T!3?-*9?)

*+',-./ *-%" 7 1&2+ ;+<#8-4% -. %"& 3%:C-+

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`*-:-2, 09&*/%a )*+,,-' &' >&/* ,9-7>*+0 %9--, )&'E, (+8- >&/ -'&/(9 3-,2+7 ,& 12A- '&,-% +' %/6%-?/-', 09&*/%-% +< >&/ 928- 2'>4

=&* %&'()*+,-*% '-) ,& ,9- :*&0-%%. )&*A+'( )+,9 2 %+'(-* 92% ,9- :&,-',+27 ,& 6- 2 '-*8-V )*20A+'( -;:-*+-'0-4 _&/E*- 2,,209-3 ,& >&/* %&'(. >&/ )2', +, ,& %&/'3 (*-2, 2'3 >&/E*- 27%& N:&%%+67>O 2 6+, +',+1+32,-3 6> ,9- %+'(-* )9& 92% %/09 2' 212@+'( 8&+0-4 =+*%, &< 277. ,*> ,& *-72;4 Z8-*>&'- +'8&78-3 )2',% -;20,7> )92, >&/ )2',b2 (*-2, <+'+%9-3 :*&3/0,4 5, 12> ,2A- 2 :2%% &* ,)& ,9*&/(9 ,9- %&'( <&* ,9- 8&027+%, ,& (-, +',& ,9- :*&:-* %:+*+, 2'3 ,& ,)-2A 2 <-) &< ,9- 1-7&3+0 1+%,2A-% ,9->E*- 12A+'(4 X> 238+0- 9-*- 12> %&/'3 &68+&/% 6/, 5E8- %--' ,&& 12'> -;21:7-% ,& ,9- 0&',*2*> '&, ,& 1-',+&' +,4 DZXZXHZD GR HZ \RL5GZcc K-E*- 277 2*,+%,% 9-*-4 5,E% F/%, 2% -2%> ,& %2> ,& 2 %+'(-*. `5 ,9+'A ,9- 1-7&3> +' ,9- <+*%, 7+'- &< ,9- %-0&'3 8-*%- '--3% ,& 6- 092'(-3 %7+(9,7>4a 2% +, +% ,& %2>. `Q& +, 2(2+'4 _&/ %2'( 1> 1-7&3> )*&'(4a X> :&+', +% ,92, +' ,9- 9-2, &< ,9- 1&1-', F/%, *-1-16-* ,92, 6-+'( :&7+,- 2'3 :2,+-', )+77 '&, &'7> (-, >&/ )2', >&/ )2', 6/, )+77 12+',2+' ,9- (&&3)+77 &< -8-*>&'- +'8&78-3 2'3 A--: ,9- 1&&3 +' ,9- %,/3+& 7+(9, 2'3 :*&3/0,+8-4

7.+%"&' D&#4+. G+ I-'& 7 J'+

=*&1 ,+1- ,& ,+1-. 2 3-1& 8&027+%, 12>/)*0.-)$ 092'(- ,9- :9*2%+'( &* 1-7&3> &< 2 :2*,+0/72* 7+'- +' >&/* %&'(4 K9-,9-* >&/ 3-0+3- >&/ 7+A- ,9+% &* '&, +% -',+*-7> /: ,& >&/ 6/,. *-1-16-*. :2*,

"]

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`26%&7/,-7>4a D-1-16-*. ,9->E*- :*&% 6/, ,9-> )&*A <&* >&/4

!+.<8:4-+.

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

"#

!"#$%&' )

*"&

+,-*"& .'% /0 +,-,12

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

F'3'+4 2% '=2907' )6 A12/ > 9'2% A1'% > 3'6'3 /) 9.=.%5 24 2% 23/; G 63.'%- 2%- &)A3./'3 )6 9.%'8H0'%&'3 I2(8 3'&'%/7( 4.5%'- 2 3'&)3- -'27 A./1 J)%&)3- K2LL 2%- .4 /2:.%5 )%' )6 )*3 4)%54 27)%5 6)3 /1' 3.-'; D1' 3'&)3- 72<'7 <3)*51/ .%M2/12%.'7 N*%:'7 /) 9.=; M2/12%.'7 .4 2% O99( 2%-P3299( 2A23- A.%%.%5 '%5.%''3 A1) 124 A)3:'- A./1 Q23))% R8 K)1% Q2('3 2%- H/.%5 /) %29' S*4/ 2 ,'3( 6'A; D1'3'+4 2 3'24)% /1.4 5*( A.%4 2A23-4; D1' 9.= )6 )*3 4)%5 .4 2 924/'30.'&'T ?)* &2% 2&/*277( 1'23 /1' <)A4 4&320.%5 /1' 4/3.%54 )% /1' ,.)7.%48 /1' '7'&/3.& 5*./234 A'3' 0'36'&/7( <272%&'- 2%- /1' ,)&27 A24 24 &7'238 A239 2%- -'/2.7'- 24 2%(/1.%5 >+- ','3 1'23-; $% /)0 )6 /12/8 /1' A1)7' 4)%5 S*4/ 6'7/ 9)3' '=&./.%5 2%- 27.,'; > 9.= 4)%54 ','3( -2( /) 92:' 9( 7.,.%5 2%- > A24 4/.77 .% 2A'; D1'3' 23' S*4/ 4)9' 0')07' )*/ /1'3' A1) 12,' /1' 5.6/;

"#$%& '() *+,- .)#+/ '+ ()01 20'(0,$)# 34,&)#5* 6$7 81+6 9:),%)15* "+,%+1; <0== 1)#)0*)> ?0-0.+,;@ A$## B+4 "+6) A+ C)

"U

3452&%

> 5'/ ./; O,'3()%' A2%/4 /) 42,' 9)%'(; > -) /)) <*/ /1'3' 23' 072&'4 /) 42,' 2%- 072&'4 /) .%,'4/; >% 2% '66)3/ /) :''0 3'&)3-.%5 &)4/4 -)A%8 92%( 9*4.&.2%4 12,' 0*3&124'- /1'.3 )A% 3'&)3-.%5 'V*.09'%/; D1.4 .4 /'33.6.& 2%- /1'3'+4 %','3 <''% 2 <'//'3 /.9' /) <*( 266)3-2<7'8 1.51W V*27./( 5'23; G4 7)%5 24 ()*+3' 24 0244.)%2/' 2<)*/ 7'23%.%5 /1' '%5.%''3.%5 03)&'44 24 ()* 23' 2<)*/ ()*3 9*4.&8 ()*+77 -) 53'2/; $A%.%5 ()*3 )A% 3'&)3-.%5 'V*.09'%/ 274) /2:'4 2 7)/ )6 /1' 03'44*3' )66 A1'% ./ &)9'4 /) '=0'3.9'%/.%5 .% /1' 4/*-.); @.%277(8 ./ 277)A4 ()* /) 3'&)3- 24 92%( /2:'4 24 %'&'4423( /) 5'/ /1' 0'36)392%&'4 ()* A2%/ A./1)*/ A)33(.%5 2<)*/ /1' &7)&:; F)A','38 )%' A2( /) 92:' /1' 2<4)7*/' 9)4/ )6 ()*3 3'&)3-'- 0'36)392%&'4 .4 /) 7'/ 2% '=0'3/ 9.= /1'9; >/+4 292L.%5 A12/ 2 /27'%/'- 9.= '%5.%''3 &2% <3.%5 )*/ )6 2 9.= /12/ 9.51/ )/1'3A.4' 5'/ 7)4/ )3 )<4&*3'- 2/ /1' 12%-4 )6 2 7'44 '=0'3.'%&'- 9.='3;

3&0/'& 6/4

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

*"& 718%'49&1%8

P'//.%5 53'2/ .%4/3*9'%/ 4)*%-4 .% 2 9.= .4 2 &)9<.%2/.)% )6 92%( 62&/)34; @.%-.%5 402&' .% /1' 9.= 6)3 '2&1 .%-.,.-*27 .%4/3*9'%/ .4 '44'%/.27; E./1)*/ 5'//.%5 /)) /'&1%.&278 > &2% 42( /12/ /1.4

"]

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

:/;#<8

G 53'2/ 9.= '%5.%''3 27A2(4 92:'4 /1' /3'2/9'%/ 2%- 072&'9'%/ )6 /1' ,)&27 2 03.)3./(; $%&' /1' .%4/3*9'%/27 9.= .4 5'%'3277( A1'3' ./ %''-4 /) <'8 ./+4 /.9' /) 92:' &'3/2.% /12/ /1' ,)&27 .4 3*%%.%5 /1' 41)A; G &)9<.%2/.)% )6 O^8 &)903'44.)%8 /*%.%5 B2&/*277( 6.=.%5 41230 )3 672/ %)/'4C8 '66'&/4 B/1.%54 7.:' 3','3< 2%- -'72(C 2%- ,)7*9' 62-'3 2*/)92/.)% B9)3' )% /1.4 .% 2 6'A

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

!',%,=4,12 .

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

`a

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

+,- .4%/9#%,/1

G4 4/*-.) /'&1%)7)5( &)%/.%*'4 /) .903),'8 ./ 92:'4 ()*3 7.6' '24.'3 A1'% ./ &)9'4 /) 9.=.%5 ()*3 4)%5A3./.%5 -'9)4; > 3'9'9<'38 .% /1' '237( -2(4 )6 9( '%5.%''3.%5 &23''38 )%7( /1' 9)4/ '=0'%4.,' 4/*-.)4 12- 2*/)92/.)% )% /1'.3 9.=.%5 <)23-4; D1.4 9'2%/ /12/ .6 ()* %''-'- 2 ,)7*9' 62-'3 /*3%'- *0 )3 -)A% ()* 12- /) -) ./ <( 12%-; D1.4 A24 6.%' 24 7)%5 124 ()* 12- 2 12%- 63'' <*/ .6 .% &'3/2.% 023/4 )6 2 4)%5 ()* %''-'- /) &12%5' 9)3' /12% 2 6'A 4'//.%54 )% /1' 9.=.%5 <)23-8 ()* 12- /) 12,' 9*7/.07' 0')07' A./1 /1'.3 12%-4 )% 9*7/.07' :%)<4 )% /1' <)23- '2&1 A./1 2 4&3.0/'-4'/ )6 9),'4 /) -) 2/ /1' 429' /.9' .% )3-'3 6)3 /1' 9.= /) 4)*%- 3.51/; >/ A24 <23'7( )352%.L'-&12)4 2%- > &2% 3'9'9<'3 9)3' /12% )%&' 12,.%5 /) 5) <2&: /) /1' <'5.%%.%5 <'&2*4'8 6)3 '=2907'8 >+- 6)35)//'% /) <))4/ /1' ,)7*9' )% /1' '7'&/3.& 5*./23 .% /1' 4'&)%- &1)3*4 )3 7)A'3 /1' ,)&27 .% /1' <3.-5'; D1'4' -2(48 279)4/ 277 9.='4 23' 2*/)92/'- <( /1' 4/*-.) &)90*/'3 A1.&1 03),.-'4 /1' '%5.%''3 2% .%&3'-.<7' 29)*%/ 67'=.<.7./( 2%- &)%/3)7 ),'3 /1' 4)*%- )6 2 9.=; G77 /1.4 /) 42(8 2% '=0'3.'%&'- 9.= '%5.%''3 A./1 -'&'%/ 3'&)3-.%5 4)6/A23' 2%- 2% *0W/)W-2/' &)90*/'3 &2% -) 9)3' %)A /12% 2%( 4/2/' )6 /1' 23/ 4/*-.) &)*7- -) /A'%/( ('234 25); D1' 2-,2%/25' 1'3' .4 274) /12/ 2%( 47.51/ /A'2: )3 &12%5' ()* 92:' .4 24 4.907' 24 3'&277.%5 /1' )7- 9.= 2%- 6.=.%5 /1' 40'&.6.& .44*' .%4/'2- )6 12,.%5 /) -) ','3(/1.%5 63)9 4&32/&1; > <3.%5 /1.4 *0 4) ()*+3' 2A23' /12/ ()* &2% 5) <2&: /) ()*3 '%5.%''3 2%- /A'2: 9.%)3 -'/2.74 )6 2 9.= .% )3-'3 /) 5'/ '=2&/7( A12/ ()* A2%/ A1.7' %)/ 32&:.%5 *0

/)%4 )6 2--./.)%27 1)*34 )6 4/*-.) /.9';

.<>#?8 @&% # *'#;A

+,-G/ /1' '%- )6 /1' 3'&)3-.%5 03)&'448 -)%+/ 6)35'/ /) 24: 6)3 2 /32&: B274) :%)A% 24 .%4/3*9'%/27C 9.= )6 ()*3 4)%5; D1.4 &2% <' *4'6*7 6)3 4','327 3'24)%4; @.34/8 .6 ()* ','3 6.%- 2% 23/.4/ A1) 7.:'4 ()*3 4)%5 2%- A)*7- 7.:' /) /3( /1'.3 )A% ,)&27 )% ./8 ()*+77 12,' 2 ,'34.)% /) 03),.-' /1'9; H'&)%-8 .6 ()* ','3 -'&.-' /) &12%5' ()*3 7(3.&8 ()* A)%+/ 12,' /) 5) .% 2%- 3'9.= /1'