!" #%$&
'
)(
$*)+$
"$$-,%
.0/21312/5476 8:9;9=<>@?
A 4CBD>@1FEGIHKJL1312/NMC47? HPOQ9RMP9=? A >@1213/3?S<
TVUXWZY\[^]=_=`RacbC[edgfhdji&kgl\mon
pLkgfq`ofhaV_rslZtqtq[eY\[&ujmCvotqfq`
wx[nCmCvotqfqy&l{z|TVk}[tIW{`C~
HK^ 'A
pbCfhdn7WZn@[k|nCkg[edg[`Ragd Wjk}[`C~o[kgfh`CYjz5kcW{UX[sl\k}y-WZthtq[~+:||TiT:3Xyefq[e`;a:7kgWZUX[slZkglZk
TVUnCtq[eUX[e`Racfq`oY^ithl\v7WZtTVtqtqmoUXfh`7W{acfhl\`acb7WamCdg[ed fh`;ag[kz3WZy[edxbofqyb[nCkg[edgd:vPlZagbXYZ[l\U[ea
k}fqyyl\`oy[nacdWZ`o~UXW{acbC[eUWacfqyWZt|lZ`C[demCdgfh`CYl\v=}[ya} l\kgfh[`Rac[e~¡WZ`C~¢yl\Un@l\`C[`Ral\v=}[eyea
U[eagbCl~od£¤:||TiT^z3WZyfhtqf¥aW{ag[dagbC[~C[e¦Z[tqlZnCUX[e`RalZz`C[e§ac[ybo`Cfq¨;mC[ed'WZ`C~©acbo[fhUXnotq[
U[`RaWacfqlZ`¤lZz[fqdacfh`CY¢lZ`C[dev;_©nokglQ¦=fq~Cfh`CYW%ª7[ofhvCtq[vCmoaXylZUXnCk}[bC[e`Cdgf¥¦\[«Y\[l\U[eagkgfhy
WZ`o~XUXW{acbo[UXW{acfhy-WZtWZkgybofhac[eyeagmCkg[{£pbC[Fz5kgWZU[e l\kg[tqfhUXfh`7W{ag[d|agbC[x`C[[e~z5l\kmCd}[k}d:agl^fhU
nCth[U[`RaFWZ`[`Ragfqkg[d_dac[eU«7[e`7WZvCthfq`CY+agbC[U§aglz5lyemCdxl\`Cth_l\`acbClZdg[^WZkg[WZdxlZzSn7WZk}agfqyemCtIWZk
fh`;ag[k}[d}a£
¬9;¯®+>B°S<Z±wF[e`C~C[k}fq`CY7kcW{UX[sl\k}@²&v;}[yea²jkgfh[`Rac[e~³uj[edgfhY\`i&tql\vCWZt¯TVthtqmCUfq`7WacfqlZ`
´ µ
?POQBD>K°LJS¶ZOQ/3>@?
ithl\v7WZt@fqthtqmCUfq`CW{acfhl\`~C[-WZthd·xfhagbagbC[nCkglZn7W
YRW{agfql\`¸lZztqfhY\bRa'acbCk}l\mCY\bWZ`¹[`R¦=fqkglZ`CUX[e`Ra-
WZ`C~ºfhd¢~o[dgyekgfhvP[e~»l\k¢Ul=~C[th[~¼fh`¼UXW{acbo[
UWacfqyWZtz5l\kgU vR_¸W¡`;mCUvP[ek'lZz^[¨;m7W{agfql\`od£
½³WZ`R_kg[e`C~C[ekgfq`oY¾WZk}ybCfhag[yeagmCkg[ed«bCWQ¦Z[v@[[e`
nCkglZnPl\d}[~¾agl¡dgmCnonPl\ka'acbofqd£¿pbo[dg[%z5kgWZUX[
slZkg;dXag[`C~agl[e`Cy-WZnodgmCtqW{ac[«UW{agbC[UXW{agfqy-W{t
yl\`oy[nacd xf¥acbCfh`Xnob;_=d}fqy-W{tPl\`o[d£ÀFlQs[¦\[ksfha
fqd+d}l\U[eacfhUX[ed~C[edgfhkcWZvCth[acl%d}[n7W{kcW{ag[agbC[d}[Z£
|fqk}d}agth_¹acbC[©fq`oykg[WZdg[e~¦=fhdgfqvofqtqf¥aV_lZzXUW{agb
[UXW{acfhy-WZtyel\UnPl\`o[`RacdÁUW{Z[f¥aÁ[-WZd}fq[k©acl
dgl\t¥¦\[xdgn@[yefhÂ7ynCkglZvCtq[eUXde£][eyl\`C~oth_dg[en7WZkgW{a}
fq`CYacbC[~C[edgyk}fqnoagfql\`'z5k}l\UÃagbC[&dglZtqmoagfql\`'yel\`
ack}fqvCmoag[dFacldgUXWZthtq[kekg[modcWZvCth[yl\Un@l\`C[`Ragd
YZkg[-Wac[kx[WZdg[{£
pbofqdnCWZnP[ek¢nokg[d}[`Racd©W¹kg[e`C~C[k}fq`CY¹z5kcWZU[
l\k}y-W{tqtq[e~¾|Ti&T+acbCW{a'mCd}[d'fh`Rac[kz3WZy[ed
xbofqybÄ[nCk}[dgd¹v@lZacbYZ[l\U[eagkgfqyÅyl\`oy[nacd
W{`C~ UXW{acbo[UXW{acfhy-WZt¾lZ`C[demodgfq`oYÆl\v=}[eyea
lZkgfq[e`Rac[~WZ`C~Çyl\Un@l\`C[`Ral\v=}[eyeaUX[acbCl=~Cd£
T a·WZtqd}lb7W{`C~Ctq[ed l{acbC[eksylZ`Cy[ekg`Cdsagb7W{a nPl{ac[`=
agfIWZt:mCd}[kgdUfqYZb;a^b7W-¦Z[ZdgmCybÁWZdl\v=}[ya~C[
d}yk}fqnoagfql\`WZ`C~dgye[`C[WZyey[th[kgW{acfhl\`£
TV`]=[yeagfql\`+ÈdglZUX[:v7WZy;Y\k}l\mC`C~fh`oz5l\kgUXW{agfql\`
fhdKnCkglQ¦=fq~o[~WZ`C~][eyeagfql\`^É·~Cfhdgymodgdg[edLagbC[~C[
d}fqY\`lZzPl\mCk:WZk}ybCfhag[yeagmCkg[{£pbC[FfqUnCtq[eUX[e`;acW
agfql\`ÁlZzacbC[z5kcWZU[e l\k}ÊfqdylQ¦\[ekg[e~¸fq`][y
agfql\`¤Ë¢xbCfhyb¸WZthdglÇ~C[Ul\`CdackcWac[dacbC[«yl\`=
dack}mCyeagfql\`«lZz|¦{WZk}fql\mCdk}[`C~o[kgfh`CY'W{tqY\l\k}fhagbCUXde£
rslZ`CythmCdgfhl\`CdLWZ`C~&z5moagmCkg[ l\kg&W{kg[nCkg[edg[e`;ag[~
½³WZ`R_ UXW{acbC[eUWacfqyWZtºUl~o[tqdÐW{kg[ mCdg[e~
fq`¿fhUWZYZ[¡d}_=`RacbC[edgfhdacbC[©k}[`C~C[ekgfh`CY[¨;m7W
acfhl\`ÁÑÓÒWD}f¥_Ô\ÕÖv@[fh`CYl\`C[[oWZUnCtq[{£pbC[d}[
UWacbC[eUW{agfqyWZtÊUXl=~C[etqdºW{kg[§d}l\th¦Z[~ vR_×W
¦{WZkgfh[eaV_0lZz©ac[ybo`Cfq¨;mC[ed£ Ø _ÙdgfhUXnCthfhzN_=fq`oY
acbC[edg[{ [WZdgfh[kWZ`C~Êz3WZdac[ekU[eagbCl=~CdlZzFdgl\thm
acfhl\`UXW-_v@[z5l\mC`o~£Ú7l\kfh`Cd}acWZ`Cy[XacbC['kgW
~CfqlZdgfhaV_[e¨=mCW{acfhl\`©ÑÓrsl\bC[`CÔ\ÔZÖfhd&WdgfhUXnotqfhÂC[~
z5l\kgUÛl{zjacbC[«kg[e`C~C[k}fq`CY[¨;m7W{agfql\`Áacb7W{ay-WZ`
vP[dgl\t¥¦\[~ÜmCd}fq`CY¿Â7`ofhac[[tq[eUX[e`RaÊUX[acbCl=~Cd
dgmCybÅWZdiWZtq[ekg;fq`¿ÑÞÝW{agß-à\ÉDÖ&l\k'n@l\fh`;a'yl\thl{
y-W{agfql\`¡ÑÞrslZbC[`7àZÉ{Ö|U[eagbCl=~Cd£ÀlQs[¦\[ek¯agbCfqd
dgfhUXnCthfhÂ7yW{acfhl\`tqfhUXf¥acdacbo[aV_=nP[edjlZz[`R¦=fqk}l\`
UX[e`Ra:agb7W{a:y-W{`v@[F~o[dgyekgfhvP[e~£:½«l\k}[Y\[e`C[kgWZt
~C[d}yk}fqnoagfql\`CdÇtqfhZ[©acbC[¤kg[e`C~C[k}fq`CYÅ[¨;m7W{agfql\`
3d}[[¢|fqY\mokg[ÊáD`C[e[~ÅUXl\k}[%Y\[`o[kcW{t^U[eagb
l~odlZzdgl\thmoacfhl\`«d}mCybÚWZdj½«l\`Rac[+r·WZkgthlfq`Rag[
Y\kcWacfqlZ`£â]=l\UX[«lZzjagbC[)U[eacbol~CdXyl\U[³~of¥
kg[eyeact¥_%z5kgl\UÐ`;mCU[k}fqy-W{tag[ybC`ofq¨;mC[dd}mCyb©WZd
½«[eagkgl\n@l\thfqd©Ñã[-WZybCàRäÖl\kÇiWZtq[ekg;fq`¿U[eagb
l~od£å²acbC[ekgddgmCybWZdvCf¥ ~Cfqk}[yacfqlZ`7WZtFn7W{acb
ackgWZyfh`CYÛÑã[-WZybCàZËC¢æLWz5l\kcà\ÉDÖ¾W{kg[§~o[kgf¥¦\[e~
z5kgl\UºagbC[j`7WacmCk}[jlZzKkgWQ_Xn7W{agbCd£:½l\d}aU[eagb
l~odbClQ [e¦\[ekXbCWQ¦Z['acbC[yel\UUXl\`¢nCkglZnP[ek}aV_
acb7Wa&acbC[_ÇWZkg[~C[edgyekgfqv@[~¢mCdgfh`CYUWacbC[eUW{a
fqyed£
ã:WZkgfhl\mCd"WZk}ybCfhag[yacmCk}[d|bCWQ¦Z[sv@[[e`~C[¦fhdg[e~acl
b7WZ`C~otq[|agbCfqdKd}fhacmCW{acfhl\`£S]l\U[b7W-¦\[:v@[[`acfh[~
acl©W¡d}nP[eyfhÂCy)ac[ybo`Cfq¨;mC[¤ÑÓrsll\=ÔRä=·Ò&fqk}ÔZÔ
]bCfhkgtIàá{çWZkg~CÔ\Ôoç¡W{thac[àRä-Ö裲agbC[k}db7W-¦\[
vP[e[`×YZ[`C[ekcWZt¤[`Cl\moY\bÆacl!WZtqthlD W0¦{WZkgfé
[eaV_Êl{zk}[`C~o[kgfh`CY%ac[eybC`Cfq¨;mC[ed£©pbC[«rsl\k}`C[t
ê
ac[ed}agvP[e~z5l\kfqUXWZY\[d_`RagbC[d}fqdgë¹ÑìpLkgmCU+vCàoáÖ
fqd Wacl=l\thvPl-agb7W{a·yWZ`'v@[mCd}[~'agl+yl\`od}ack}mCyea
W¿kg[`o~C[k}fq`CYín7WZyWZYZ[¸vCmoaÁfqdÊ`Cl{a©l\v=}[ya}
l\kgfh[`Rac[e~£^i&tIWZd}dg`C[ekgd ê ]=nP[eyeack}mCUëWZkgybofhac[ey
acmCk}[^ÑÞi&tIW{dgdcàáeÖ7fhdWZ`l\v=}[ya} l\kgfh[`Rac[e~z5kgWZUX[
slZkgv7WZd}[~)lZ`«d}fqY\`7W{tKnCkgl=y[edgdgfh`CYC£·pbo[^ãf¥
dgfhl\`d_dac[eU ÑÓ]tqmodcW\àRÌDÖfhdXyWZn7WZvotq[³l{z&UXlZd}a
kg[e`C~C[k}fq`CYÇU[eacbol~CdW{dXfhd+acbC[«wF[e`C~C[ekcî|W{kg
d}_=d}ag[UÆÑÓØ [WZ[Ö2£TV`Ú][eyeacfhl\`%Ì=£hálZzacbofqdFn7W
nP[ek ['ylZUXn7W{kg[acbC['tqWZd}a^aV l)z5kcWZU[e l\kg;d
xfhagblZmCkgde£
pbo[)~C[d}fqY\`¸l{zjacbC[):||TiTz5kcWZU[e l\kgÁfqd
UlZagfh¦{W{ac[e~&vR_&dg[¦\[kgWZtRZ[_&z3WZyeagl\kgde£ST a"fhd¯z5mCthth_
lZv=}[ya}VlZkgfq[e`Rac[~¯'acb;mCdÊ[`CWZvCtqfh`CYâfh`Cyk}[-WZd}[~
ªC[fqvCfhtqf¥aV_W{`C~©yl=~C[kg[VmCd}[Z£¡pbC[W{vCd}agkcWZy
agfql\`odWZk}[v7WZdg[e~¡`ClZa}mCdal\`¢nCbR_=dgfqyWZtyl\`=
ye[noagddgmCyb¤WZdkcW{~CfIWZ`oy[WZ`o~ÁkgWZ~Cfhl\dgf¥aV_vCma
W{tqdgll\`acbo[fqk«UWacbC[eUW{agfqyWZt&z5l\mC`C~7WacfqlZ`Cd£
TV`Úl\k}~C[kjaglUW{Z[~C[¦\[thl\nCU[`Ra[-W{d}_³agbC[k}[
fhdWÁU[-W{`CdlZz^ac[dacfh`CY©yl\UnPlZ`C[`Racde£ÜpbC[
agfqU[aWZ{[`¾acl¢Y\[`o[kcWac[)WÇnCfqyacmCk}[³fhd¦Z[k}_
fhUXn@l\kaWZ`Ra-d}l¢d}nP[e[~Áb7WZdv@[[`©aW{Z[`Áfq`Ragl
yel\`Cd}fq~C[ekcW{agfql\`acbokgl\mCYZbCl\moa:WZthtonCbCWZdg[ed lZz@acbo[
~o[dgfhY\`nCkgl=y[edgd£
ïò3´
Eó¯ô9=¶ZOEB{/59=?POQ9=°
ð
9=<-/5ñ@?
²jv=}[eyeal\k}fq[e`;ag[~+ag[ybC`Cfh¨;mC[d:WZk}[·mCdg[e~acl&~C[
yel\UnPl\d}[«agbC[³k}[`C~C[ekgfh`CYnCk}lye[d}d'fq`Racl¢dgfhU
notq[xUW{`7WZY\[WZvCtq[nCWZk}agd£pbC[Ffq`Rac[ek}z3WZye[dacb7Wa
W{kgfqd}[&z5kgl\UåacbCfhd·ÂCaFfq`Raclz5l\mCkUXWZfh`Y\kgl\monCdõ
öÅ÷øZù5ú7û÷øZù3üèýgøZþ
z5l\kjdgWZUXnotq[+Y\[e`C[kgW{acfhl\`
z5mC`CyacfqlZ`[¦{WZtqm7WacfqlZ`WZ`C~fq`Rac[eY\kcW{agfql\`¯£
öÿQýû¯ûø -ûýùS÷ø@ø=û÷û7ù
z5l\kkcW-_
¨;mC[k}fq[deUX[edgbCfh`CYíWZ`C~»n7WacbÜY\[`o[kcWD
acfhl\`£
öRøZù ø¢ÿù}ø=û
acldgmCnCn@l\ka~7W{acWd}agkgmCy
acmCk}[d dgmCyb WZd tqfh`CZ[e~ tqfhd}acde R ~
ack}[[dÑØs[`RactIä\ÌDÖLW{`C~¦\[yacl\k}d£
öÿQûù
z5l\k¿lZv=}[ya¼fh`CfhagfIWZthfqdcWacfqlZ`0W{`C~
dg[acmCn£
çf¥acbCfh`%[-WZybÚlZzagbC[d}[Y\kgl\monCd¦{WZk}fql\mCddg[eagd
l{zxfq`Rac[ek}z3WZye[dWZk}[nCk}lQ¦fh~C[~¯£)7l\kW«z5mCtqtthfqd}a
l{zfq`Rag[k}z3W{y[dxd}[[p|W{vCtq[á\£
!" # $%&
')()*,+.-0/)1)2 '3',4.561)28791.:95 '9;6194.<313261)2 '9=6>94656*6?94.1)2
'9@9A340:95.?)>94 ')(CB.*9-81 '3',46561323D6*6:)1 'CE.16:956>)2
'3',465613F326*)56>32 'CG.1.7,B '3',40?95.?)*6/6?6791 '9H326131
'9I6194.1)26*356>)2 'C;6*)J '9K.?67C5
'C;6>3>)5.@6?C4.<3132
')/3/CA)+L?C4.*)58?)>946G6*)-'9M6*)2)- '9N6*)5)B.I6194.1)26*356>)2
'CO3P6194.5
'9O3P6194658(956>)261
QFSR
TVUXWZY
\[ Q^]SR
TVU_WZY
` ab c
dfe
g¯ýù3ü_
h
ikj
dfe
g¯ýù2ü_
b cl` a
dfe
g¯ýù2ü_
b cl` a
m
SR
TVUXWnYoW
R
Tqp rQFSR
TVU_WZY
oyl\dts^u^R
T
` ab c
dZd
7ù û_}øZù
WZ`C~vdwe
g¯ýù2ü_
|fhY\mCkg[á\õpbC[wF[e`C~C[k}fq`CY¨;m7W{agfql\`
ïòqÍ x
4oOy"96¢4oOD/3¶\471{zK>@JS?L°"4oOD/5>P?
pbC[xWZvCdackgWZyeagfql\`+l{zPUXW{agbC[UXW{acfhy-WZt;yel\`Cy[enoacd
nCkglQ¦=fq~o[dYZ[`C[ekgfqy¤WZyey[d}dacl¹¦{WZkgfhl\mCdÇWZtqYZl{
kgf¥acbCUd¤WZtqthlQxfq`CYÄWÄë\nCfhyRVWZ`C~ UXféëÄWZn
nCkgl\WZybacl¢ybCl=l\dgfh`CY¡Wd}mCfhacWZvCth[ag[ybC`Cfh¨;mC[Z£
pbCfqdÄW{vCd}agkcWZyacfqlZ` fhdÄfqUnPl\kaWZ`Ra§fq` fqU
WZY\[«d}_=`RacbC[edgfqdev@[yWZmCd}[%UWZ`R_ÁUl~C[etqdmCdg[
UWacbC[eUW{agfqyWZtqt¥_; v7WZd}[~U[eagbCl=~Cd£å7l\k[;
WZUnCtq[{Sacbo['tqfhY\bRanCk}l\n7WZY\W{acfhl\`Ul~o[t:mCdg[e~
fq`+k}[`C~o[kgfh`CY&moagfqtqfhdg[ed|dcW{UXnCthfq`CYWZ`C~fh`;ag[Y\kgW
acfhl\`£Ä|Ti&T'nCk}lD¦=fh~C[d)[nCtqfhyfhad}mCnCn@l\k}a
z5l\k)acbo[dg[¤fq~C[WZdvR_¿agkcWZ`Cd}tIW{agfq`CYyel\`Cy[enoacd
dgmCybWZd)z5mo`Cyeagfql\`Cdefh`Rac[YZkcW{agfql\`¿W{`C~¿dcWZU
nCtqfh`CYfq`Racl)fh`Rac[kz3WZy[ed£%pbC[th[-WZk}`Cfq`oY³ymok}¦\[
z5l\ksagbC[&mCdg[ekgdxlZzLdgmoyb³Wz5kgWZUX[slZkgXxfhtqt@`ClZa
vP[dac[[endgfh`Cy[dgmoyb¾nP[el\nCth[«W{kg[aV_=nCfqyWZtqt¥_
s[etqté W-·W{kg['lZzFacbo[UW{agbC[UXW{agfqy-W{t fh~C[-WZdfh`
¦\l\t¥¦\[e~£
pbC[UXl\da¹yl\UUXlZ` fh`Rac[kz3WZy[edÅmodg[~!WZkg[
acbC[|dZd
7ùVû_}øZùl
WZ`C~}dfe
g¯ýù3ü_
fh`;ag[kz3WZy[ed£
pbC[d}[¡WZk}[ÚmCdgm7W{tqth_¾mCdg[e~ÅaclÁkg[enCkg[edg[e`;a³acbC[
¦{WZkgfhl\mCdÙnCWZk}agdÙlZzål\mCk0fqUXWZY\[d}_=`RacbC[edgfhd
UXl=~C[et裧pbo[~dwe
g¯ýù2ü_
fh`;ag[kz3WZy[¢y-WZ`ÅvP[
mCdg[e~+aclkg[nokg[d}[`Radgmok}z3WZye[·kg[ª7[yacfqlZ`+UXl=~C[etqd
l\kKaclF[e¦{WZthm7W{ac[kgWQ_nCW{acbCde£SçbC[e`mCd}[~+vR_^WZ`
dZd
7ù û_}øZù
agbC[ aglZaW{tthfqY\bRaLkg[WZybCfq`oY&Wn@l\fq`Ra
y-WZ`vP[¢[d}agfqUXW{ac[e~£ |fqYZmCkg[Áád}bClQxd)bClQ
acbCfhdXyWZ`¾v@[³[e`Cy-WZnodgmCtqW{ac[e~xfhagbCfq`WZ`ClZagbC[k
z5mC`CyacfqlZ`Xfh`;ag[kz3WZy[xaclkg[nokg[d}[`Ra·agbC[k}[`C~C[ek
fq`CY³[¨;m7W{agfql\`£pbC[n7WZkcW{UX[ac[k}dlZzxacbC[fh`
`C[kUXlZd}a{
g¯ýù3ü_
k}[nCk}[dg[e`Ra^agbC[~ofqkg[eyeagfql\`
s
W
agb7W{aacbC[kcW-_ÚY\l=[d&xbC[e`¡fhadack}fqZ[edW
dgmCkz3WZy[)WZd'fq`¤acbC[%yWZdg[)d}bClQx`£pbC[e_¾WZkg[
[¨;m7WZthth_Êthfq{[th_Êaglk}[nCk}[dg[e`RaWdgmok}z3WZye[)WZ`C~
yl=l\kg~ofq`7W{ag[dLl\`+f¥a {f¥zWd}mCk}z3WZye[ z5l\k}U
yel\`oÂ7YZmCkcW{agfql\`«kg[enCkg[edg[`Ragd&WX~Cfhd}agkgfqvomoac[e~³kcW-_
agkcWZye[kdgfh`Cy[acbo[z5mC`oyeacfhl\`Áfqdkg[eymCk}dgf¥¦\[Z£
Ul\k}[%[eyfh[`RafqUnCtq[eUX[e`;acW{acfhl\`¤ l\mCth~Å[;
nCWZ`C~'acbo[&fq`C`C[ek z5mC`oyeacfhl\`WZ`o~mCdg[&f¥asaclkg[n=
k}[d}[`Ra¡v@l\mC`Cye[dPxbC[k}[¡fqdxacbo[Â7kgda&n7W
kgWZU[eac[ekLacb;mCdyekg[W{acfh`CY³Wn7W{agb¢ackgWZy[ek£pLl
W{tqtqlQ acbCfhdagbC[z5mC`Cyeagfql\`Çfq`Rag[k}z3W{y[nCkglQ¦=fq~C[ed
U[eagbCl=~CdxbCfqyb~Cfqd}ythl\dg[jagbCfqdxfq`z5l\kgUXW{acfhl\`£
ïòhï s9=<eOQ/2?"ñzK47¶R/313/5OD/59=<
` fhUXn@l\kaWZ`Ra³z5[W{acmokg[ÊlZzacbC[¡z5kgWZU[e l\kg
fhd§f¥acdÜz3WZyfhtqfhaV_aclac[dayel\UXn@l\`C[e`Racd§z5l\k
yel\UnCtqfqWZ`Cy[Ãxfhacb W Y\f¥¦\[` d}nP[eyfhÂCy-W{agfql\`£
7l\kfh`Cd}acWZ`Cye[Z&W©ØsféV~Cfhkg[yacfhl\`7WZtj]y-W{a}ac[ekgfq`oY
ujfhd}agkgfqvomoacfhl\`mo`Cyeagfql\`"3Ø]ou&)d}bCl\mCth~¼v@[
nob;_=d}fqy-W{tqth_nCtIW{mCdgfhvCtq[!·W%dgye[`C[«WZyye[th[kcWacfqlZ`
d}ybC[U[¸dgbol\mCtq~¼dgmCnCn@l\ka©WZtqtacbo[¾kg[e¨=mofqkg[e~
z5[W{acmokg[dejWZ`o~¹nokglQ¦=fq~C[)agbC[%dcWZU[%fq`Rag[kgd}[y
agfql\`«fq`oz5lZkgUXW{acfhl\`WZdjW{`ClZacbo[kFdgybC[eUX[+YZfh¦\[e`
agbC[ÚdcWZU[%~7W{acWrWZ`fq`Rac[ek}z3WZye[%dgbCl\motq~¹nCkgl{
~omCy[¦{WZthfq~Çkg[edgn@l\`Cdg[ed+acl%Wdgn@[yefhÂ7[e~Êdg[ealZz
fh`CnCmoagd£|îk}[e¦=fqlZmCdgt¥_\Zf¥aK·W{d|`C[ey[d}dcWZk_aglk}mC`
yel\UnPl\`o[`RacdxfhagbW¡yl\UnCth[eac[³dg[eagmCn&W{`C~
agbC[`ÁW{a}ac[eUXnoaacl%fq~o[`Racf¥zN_¡WZkac[z3WZyeagdfq`¡acbo[
lZmoacnCma-£lQÐmCd}[kgd³y-WZ`ÅkgmC`agbC[Úac[dacfh`CY
yel\UnPl\`o[`Racdxf¥acb«~C[ez3WZmothadg[eagmCnCdeKWZtqthlQxfq`CY
kgWZnCfh~fq~o[`Racf¥Â7y-W{agfql\`XWZ`C~tql=y-W{agfql\`lZz"[ekgkglZkgd£
pbofqdd}nP[e[~CdmCnacbo[³~C[¦\[thl\nCU[`Ra'nokgl=y[d}d
d}fqY\`ofhÂ7yWZ`Racth_Z£¢T a+fqdWZthdgl%n@l\dgd}fqvCth[z5l\k+modg[k}d
agl¨=mofqy;th_³[`Cd}mCkg[acbCW{a&acbC[fh`Rac[kz3WZy[ednCkgl{
¦=fh~C[~Åy-WZ`ÅdgmCnCn@l\ka)WZ`R_`C[Ðyl\Un@l\`C[`Ragd
agbC[e_UXW-_xfhdgbaclWZ~C~aclacbo[z5kgWZU[e l\kg£
µ 6S1596¢9?@OQ4oOD/5>@?
pbo[
÷¯û7ù -ûýù%=ûþ
ÑÒ&kgmCY\tqàRä=
wxl\Y\[ekcàRäDÖ·WZd^mCd}[~fh`Ç:||TiTFaclnCkglQ¦=fq~o[
Wyel\`Cdgfhd}ag[`Rafh`Rac[kz3WZy[jz5lZkykg[W{acfhl\`WZ`C~~C[
dack}mCyeagfql\`¤lZz&ylZUXn@l\`C[e`;agdxWZ`o~¤acl¢nCkglQ¦=fq~o[
wxmC`pfqU[³p_=nP[%TV`z5l\kgUXW{acfhl\`¿3w|ppT£sT a
W{tqtqlQxd|agbC[·mCd}[xlZzdgb7W{kg[~tqfhvCkcW{kgfq[edSlZku&æ"æ"d
LVVL ¢¡ £¤n¥§¦¨_¤©n¦ªCª,¤Z«¬ £¦¨_¤n«§ª,C®¨X¦¨_,¤Z¬¯C
°
,«±w²o¬³«¥k¦´µ9©qªCC¶ªC,®¨X¦¨_C¤n¬S±¨³·¹¸g¸tº¬n»¼½£¤n¬ ¤
¤¾¦®ª,¤{¡_£¤¿¬À£¦¨ CÁ±Â½©l±´µÃCªC¤n«Ä©¾±«¤µ®¥Å¦ªCª,±w²³CÁ
IIntersect
IFunction
Direct Lighting
IIntegrator
IRenderer
Creates image
Creates pixels
IFunction
Evaluates ray path
IPath Generator
Generates ray path
Illumination Map
Scene ray queries
|fhY\mCk}[Èõî|Wacb³pLkcW{y[krsl\`Â7Y\mCkgW{acfhl\`
Generates path
IIntersect
Manages scene
ray queries
Photon Tracer
Records photons
Stores photons
IEvent Store
Illumination Map
IPathGenerator
|fqYZmCkg[&Éõ îbCl{acl\`pLkcWZye[krsl\`oÂ7Y\mokcW{agfql\`
xbCfqybY\fh¦Z[dlZmCk^z5kgWZU[e l\kg%acbo['WZvCfhtqf¥aV_³acl
b7W-¦\[ÚW ê nCthmCY{ fq`Cë¢d}aV_=tq[%yel\UXn@l\`C[e`RaWZkgybof¥
ac[eyeacmokg[xfhagbCl\moa"W{`;_j[=ackgW l\k}jvR_jacbC[nCk}l{
Y\kcW{UXU[ke£
pSl~7Wac[ZSTiT:b7WZdxv@[[`mCd}[~«aglfqUnCtq[
UX[e`RaUXWZ`R_lZzacbo[UXWD}l\kFkg[`o~C[k}fq`CY'U[eagb
l~od fh`XmCd}[agl~7W-_Z£|ç[`ClQ¸b7W-¦\[jWn7WZyWZYZ[Z
xbCfqybyWZ`vP[yel\`oÂ7Y\mokg[~aclxmCd}[:WxUmCthagfhacmo~C[
lZz~Cf6ʯ[ekg[`RaXac[ybo`Cfq¨;mC[edxf¥acb¾[WZdg[{£âçb7W{a
z5l\tqthlQxdWZkg[dgl\U[[oWZUnCtq[ed^agb7W{afqtqthmCd}agkcW{ag[
dgl\U[jaV_=nCfqyWZtKmCd}[dFlZzSagbC[&z5kcWZU[e l\k}@£
"ò2´ Î
4oOysBD47¶\9;B
pbC[·n7WacbagkcWZye[kxÑÒWD}fh_Ô\Õ=\ujmoagkg[-à{Ë{Öfqd|yel\`
d}agkgmCyac[~ z5kgl\U W»z5[e v7WZdgfhy yel\UnPl\`o[`Racd
WZdÚdgbClQx` fq`|fqYZmCkg[ÁÈ£ ujfhkg[yaÇæKfqY\bRacfh`CY
fqdWZybofq[e¦Z[~¹mCdgfh`CYÁWZ`Ëdwe
̯ýù3ü_
fh`;ag[kz3WZy[
xbCfqyb[¦{WZtqm7Wac[dskcW-_=dsz5kgl\UÜacbo[jtqfhY\bRa agl+acbC[
nPlZfq`Rafh`+¨;mC[dacfqlZ`£pbCfhdfqdSagbC[`yWZtqth[~z5k}l\U
fq`Cd}fq~C[acbC[n7W{agbÚ[e¦{WZtqmCW{acl\ke£WZybÇvPl-Úk}[n
kg[edg[`RagdWyel\UXn@l\`C[e`Ra·xbCfqybyWZ`vP[&d}mCvCd}agf¥
acmoag[~ÁW{ak}mC`ÊacfqU[ZW{`C~Êacb;mCdW)¦ZW{kgfq[aV_¡lZz
yl\`Â7Y\mCkgW{acfhl\`CdXWZkg[)n@l\d}dgfqvotq[Z£ÅpbC[)nCfhyeagmCkg[
dgbClQx`¾fh`SfqY\mCk}[Ë¢sWZdk}[`C~C[ekg[e~¸mCdgfh`CYW
|fhY\mCkg[&Ëoõî|W{agb«pLkcWZye[k
~ofqkg[eyeagfql\`7W{tFnCW{acb¾YZ[`C[ekcW{agl\k'WZ`o~¸W¢d}mCk}z3WZye[
aglXd}mCk}z3W{y[~Cfqk}[yaxtqfqYZb;agfq`CYz5mC`Cyeagfql\`¯£
"òhÍ Î yL>7OQ>@? x 4
îbolZacl\` ½³WZn ÑÐÏZ[`Cd}[-à\ÕZÖ¢fqdW§nCkg[enCkgl
ye[d}dxbCfhyb©fqd+mCd}[~©acl%yekg[-Wac[fqthtqmCUfq`CW{acfhl\`
UXWZnCd3dg[e[|fhY\mCkg[ÉR£³pbC[d}[y-WZ`Êv@['mCd}[~
xf¥acb+agbC[·n7W{agbackgWZy[ekylZ`oÂ7Y\mCkgW{acfhl\`F}mCda~C[
d}yk}fqv@[~¹v;_¾mCdgfh`CYÁW©Ul=~CfhÂ7[e~¸n7W{agb¹[¦{WZtqm
Wacl\ke£ pbC[edg[¾n7Wacb¼[¦{WZtqm7Wacl\k}dǨ;mC[ek}_íacbo[
fhtqthmCUXfh`7W{agfql\`ÁUW{nCdW{a«W©YZfh¦\[e`Ån@l\fh`;ajl\v
acWZfq`ofq`CY¤WZ`[ed}agfqUXW{ac[ÚlZzacbC[¢fq`Cyel\UXfh`CY©kcW
~ofIWZ`Cye['W{a^acbCW{an@l\fh`;a£'pbC['nobClZaclZ`Y\[e`C[k
Wacl\ky-WZ`mCdg[³WZtqt·agbC[³dgWZUXnotq[k}dW{`C~¤sWZkgn=
fh`CY³d}ybC[U[d}mod}a+thfq{[Wn7W{acb¢ackcW{y[ke|dacl\k
fh`CYÁnCbClZagl\`CdmCdgfh`CY¾WZ`ËdwÑÓÒ
û7ùÕÔùlcû
fq`Rag[k
z3W{y[Z£ÜpbC[ÇylZUXn@l\`C[e`;amodg[~¹aclÁd}agl\kg[%acbo[
nobClZaclZ`Cd+y-W{`mCd}[W«\V~¢ackg[e[Z¨;m7W{~ack}[[lZk
W{`;_¹lZagbC[k«dgmCf¥aWZvotq[Úd}agkgmCyacmCk}[ZWZ`C~UfqYZb;a
W{tqdgl&~ofqkg[eyeagth_^dgmCnonPl\ka:WZ`dZd
þNþ)÷üL@øZù3ü_r%ø
fh`Rac[kz3WZy[{£ thag[kg`CW{acf¥¦\[t¥_\fha¢y-W{`ºnCkglQ¦=fq~o[
d}l\U[Çz3WZyefqthfhaV_Áaclyel\`R¦\[ek}a)f¥aaclWÁd}mCfhacWZvCtq[
dack}mCyeagmCkg[sz5lZkSd}l\UX[ lZacbo[k|yel\UnPl\`o[`RaSxbofqyb
l\mCth~nCk}lQ¦fh~C[acbC[fqthtqmCUfq`CW{acfhl\`³UXWZnÚ~CmCk
fh`CY³agbC[k}[`C~C[ekgfh`CY%nCb7WZd}[Z£%SfqY\mCk}['ÌdgbClQxd
W¢îbClZaclZ`¸½³WZn¤mCdg[e~¾fq`¤yl\`D}mC`Cyeagfql\`©xfhagb
WXn7W{acb«ackcW{y[kePxbCfhyb%fq`acmCk}`)mCdg[edW'½«[WZ`
s[ekg[Y\[e`C[kgW{ac[e~©z5k}l\UagbC[tqfhY\bRa+d}l\mCkgye[mCd
fq`CYÚWǽ«[ack}l\nPlZtqfqddcWZUnCtq[ek+xbCfqybÁdcW{UXnCth[~
acbC[[Ufqd}dgfqlZ`«z5mC`Cyacfhl\`ÖQ^×-
oWftWØoW
R
T
Fl{zacbC[
tqfhY\bRa·dglZmCkgye[^aglYZ[`C[ekcW{ag[WdcW{UXnCth[jdg[a-£
"òqï µ BDBD47°L/34C?S¶\9 x 4r
`¸TVk}kcWZ~CfqWZ`Cye[Ú½³WZnÑç¡W{kg~7Ô\ÔDÖjfhdW¡UXl=~Cfé
Â7[~n7Wacb[e¦{WZthm7W{aclZksxbCfqybyWZybC[dFkcW{~CfIWZ`oy[
fq`oz5lZkgUXW{acfhl\`%fq`ÊW{`¡fqthtqmCUfq`7WacfqlZ`)UW{nWZthdgl
mCdgfh`CYjW{`§dwÑÓÒ
û7ùÕÔùlcû
fq`Rac[ek}z3WZye[Z£ÚÙF`CtqfhZ[:acbC[
nCbClZagl\`ÊUXWZnÊfhafqd+`Cl{aW%nCkg[enCkgl=y[edgdvCmoaW
UXl=~Cf¥Â7[~ín7W{agb [¦{WZtqm7Wacl\kÁ5dg[[¤|fhY\mCkg[ÁäZ£
]bClQx`Çfq`Ç|fqYZmCkg[ÕfqdWnCfhyeacmokg[Y\[e`C[kgW{ac[e~
mCdgfh`CYxWZ`TVkgkgWZ~CfqWZ`Cy[:½«WZnd}aV_=tq[n7Wacb[e¦{WZthm7W
acl\k:WZ`o~'W½«[-WZ`']oWZUnCtq[½«lZ`;ag[jr·W{kgtql^fq`Rag[
Y\kcWacl\kLmCdgfh`CYWjÀWZUXU[k}dgt¥_'Ñîkg[edgdcàZÕZÖC¨;m7WZd}f¥
kcWZ`o~Cl\U§dgWZUnCtq[&d}[ea-£
"ò6 '47°L/3>@<-/NO
wW{~Cfql\d}fhaV_ÁÑÓrsl\bC[e`7à\ÉZÖ fqdfqUnCtq[eUX[e`;ag[~¢WZd+W
nCkg[enCkgl=y[edgdeRWZdLfq`agbC[ îbolZacl\`+½³WZn+U[eagbCl=~£
]fqUfqtqWZkgt¥_%kcW{~Cfql\d}fhaV_¢fqddacl\k}[~©fq`ÁW%yl\Un@l{
`C[`RaagbCfqdÊacfhUX[¸modgfq`oYíagbC[Ëd
Çûÿú
fq`Rac[ek
z3WZy[{£&pbCfqd&fh`Rac[kz3WZy[dgmCnCn@l\kacdagbC[fq~C[WZdjlZz
n7W{agybC[dz5kglZU xbCfhyb¹z5lZkgU z3WZyeagl\kgdyWZ`vP[
y-WZthymCtqW{ac[e~WZ`C~kgWZ~Cfhl\dgf¥aV_+d}agl\kg[e~£pbC[Fyl\U
nPlZ`C[`RaUW-_ÚdgmonCnPlZk}aW{`~d
Scene ray queries
IFunction
Direct Lighting
IRenderer
Creates image
Creates pixels
IFunction
Evaluates ray path
IPath Generator
Generates ray path
Illumination Map
IEvent Store
IIntersect
IIntegrator
|fhY\mCk}[^äõTVkgkgWZ~CfIW{`Cy[^½³W{n)rsl\`Â7Y\mCkgW{acfhl\`
fh`Rac[kz3WZy[{¯l\kFfhaUXWQ_nCk}lQ¦fh~C[agbC[+W{vCfqthfhaV_agl
lZmoacnCmaW)ag[=acmCk}[Z l\kdgl\U[eagbCfq`oYÚagb7W{ayWZ`
v@[³modg[~v;_¤WZ`¤fqthtqmCUfq`7WacfqlZ`UXWZn¤yel\UnPl{
`o[`Ra-£åpbC[Úz5l\kgU z3WZyeagl\kfqdyWZtqyemCtIW{ag[~mCd
fh`CYWyel\UnPl\`o[`Raxacb7W{aFd}mCnCn@l\k}agdWZ`vdwe
g¯ýÛ
ù3ü_
fq`Rac[ek}z3WZye[agb7W{aaWZ{[dXaV l¡d}mCk}z3WZye[dW{d
nokgl\n@[kacfq[edacbC[n7WZkcW{UX[ac[k}d³lZzxbofqybíWZk}[
agbC[
oWf
d}mCk}z3W{y[jyell\k}~Cfq`CW{ac[ed:lZ`'[-WZybdgmCk
z3W{y[Z£pbCfhd[`7W{vCtq[edxagbC[&mCd}[lZz"¦{WZk}fql\mCdfh`Rac[
YZkcW{agfql\`XdgybC[eUX[ed^3dg[e[&|fhY\mCkg[Ôz5l\k:acbC[yl\`=
ÂCY\mCkcWacfqlZ`¤mCd}[~£¹|fqY\mokg[à¢fhdXWÇkcWZ~ofql\d}fhaV_
fhtqthmCUXfh`7W{agfql\`)UXWZnÇkg[e`C~C[k}[~ÊmCd}fq`CY³W)½«[WZ`
]WZUXnotq[fh`Rac[YZkcW{agl\k:xf¥acb'kgWZ`C~ClZUådgWZUnCtqfh`CYC£
pbo[&kcWZ~Cfhl\dgf¥aV_d}ack}mCyeagmCkg[mCd}[~W½«[ack}l\nPlZtqfqd
dgWZUnCtq[ek aclfq`Rac[eY\kcW{ag[acbo[z5l\kgU»z3WZyacl\k:z5mC`Cy
agfql\`modgfq`oYjacbC[¦=fqd}fqvCfhtqfhaV_&z5mo`Cyeagfql\`WZdWjvCWZdgfhd
IIntersect
Illumination Map
IMesh
Mesh and patch
information
Radiosity Scheme
Calculation
Form Factor
IFunction
Scene ray queries
SfqY\mCk}[&ÔoõwFWZ~Cfhl\dgf¥aV_rsl\`oÂCY\mCkcWacfqlZ`
Ü A >@?S¶R13JL<-/3>@?L<+47?L°Ýz"JKODJ"B9.¼>BDÏ
|Ti&T b7W{dFv@[[e`«d}mCyye[d}d}z5mCthth_mCd}[~³fh`acbC[
fqUnCtq[eUX[e`RaW{agfql\`jl{zCUXWZ`R_&lZzoagbC[:tIW{ag[d}a"ag[yb
`Cfq¨;mC[edxfq`fqUXWZY\[jd_=`;agbC[d}fqde£·T aFfqd[=agkg[U[t¥_
ª7[fhvCtq[FWZ`C~XnCkglQ¦=fq~o[d WU[-WZ`Cd:lZz¯[-WZd_W{mCY{
UX[e`RaW{agfql\`'modgfq`oYv@lZagbdgl\mCk}y[yl=~C[WZ`o~vof¥
`7WZk_§u&æ"æ^ÞÓd£ pbC[âmCd}[âlZz%fh`;ag[kz3WZy[ed¾fq`
acbC[©z5kcW{UX[sl\k}WZtqthlDxdÚ[WZd}_[=ag[`Cd}fql\`»lZz
UW{`;_^l\th~C[kSUX[acbCl=~Cd|xf¥acbClZmoab7W-¦=fq`oYacljk}[
fqUnCtq[eUX[e`RaXagbC[U£º]=fq`Cye[%WZtqtxacbo[%UXl=~CmCth[d
y-WZ`v@[nCkglQ¦=fq~C[e~³W{dWu&æ"æ7l\`Ct¥_acbo[^Ul=~
mCtq[ed)WZyacm7W{tqth_k}[ez5[ekg[`oy[~íW{kg[¡thlRWZ~C[e~Åacb;mCd
kg[e~CmCyfh`CYagbC[U[Ul\k_z5llZagnCkgfh`Ra l{zacbC[d}_=d
ac[eU«£
TVUXnotq[U[`Rag[kgdW{kg[ÚWZthdglÁWZtqthlQs[e~agl©[nP[ek
fqU[`RaÚxfhagb¦{WZk}fql\mCdÇfq~o[-WZd¤'z5l\k¢[oWZUXnotq[
dcWZUnCthfq`CY«dgybC[eUX[edxfhagbCl\moabCWQ¦=fh`CY)aclÚWZté
ac[ek+WZ`R_Çyl=~C[Z£«T zacbC[Xyl=~C[fhdxk}fhagag[`¢fq`¡W
Y\[`o[kgfhy·W-_ÚfhayWZ`v@[mCdg[e~xfhagbÚUWZ`R_ÚlZz
acbC[lZacbo[ksyel\UnPl\`o[`Racdeacb;mCds[=ac[e`C~Cfq`oY+acbC[
[`Racfhkg[d}_=dac[U£¸pbCfhdX[e`Cyl\mokcWZY\[edXagbC[«modg[k
acl«vCkg[WZ¢mon©WZ`R_l\v;}[yeagdacbo[e_¢ykg[W{ac[fq`Racl
UW{`;_Úk}[mCdgWZvCth[Xn7W{k}acddglacb7W{a^acbo[e_Çy-WZ`vP[
mCdg[e~Áxf¥acb¡agbC[lZacbo[k[th[U[`RacdlZzxagbC[d}_=d
ac[eU«£·pbofqdFb7WZdFkg[d}mCthag[~)fh`«YZkg[-Wac[kxª7[ofhvCfqté
fhaV_Z|Ul\kg[yl=~C[k}[mCd}[WZ`C~ÊWnPlQ [kz5mCtsk}[`
~C[k}fq`CY[e`;¦=fhkgl\`CU[`Ra£
Üò2´
A
>P6ßS4CB/3<>@?S<
t¥acbCl\moY\bÚyl\Un7WZk}fq`CYz5kcW{UX[sl\k};d^fhd~Cf.ÊPm
ymCt¥a-:acbC[z5l\tqthlDxfh`CYÇW{agag[Unoacdacl¢bCfqYZbCtqfhY\bRa
dgl\U[:lZzoagbC[s~Cf6ʯ[ekg[e`Cy[ed|v@[eaV [[`lZmCkSz5kgWZUX[
slZkg¸WZ`o~¹aV l¤l{acbC[ekgdfq`Rack}l~Cmoy[~¹fq`Å][ey
acfhl\`ÈxbCfqybdgb7W{kg[^dgfqUfqtqWZk:l\v=}[yacf¥¦\[de£
|fhY\mCk}[àoõwW{~Cfql\d}fhaV_
9?L°"9=B Î 4oBÏfqdWZ`l\v;}[yea«l\k}fq[`Rag[~¹kg[`=
~o[kgfh`CYz5kgWZU[e l\kg+xbCfhyb'fqdz5k}[[t¥_XWQ¦{WZfhtIWZvotq[
aglacbC[&nCmovCtqfhyZ£Øsl{acbfhaWZ`C~|Ti&T:~ofh¦=fq~C[
agbC[d}[ealZz·k}[`C~C[ekgfh`CY«ag[ybC`Cfh¨;mC[d+fh`Racl«¦=fh[e
~o[n@[`C~C[e`Ra+l\k&¦=fq[ºfq`o~C[n@[`C~o[`Ra-|WZ`C~ÚacbCfhd
~ofqyeacW{ac[edbolD¼acbC[_ÇWZkg[fqUnCth[U[`Rac[e~£pbC[
dack}[`CYZagbÜlZzwx[`C~C[ekcîSWZkg fqdf¥acd¢[=ac[e`Cdgf¥¦\[
d}mCfhag[lZzwW{~Cfql\d}fhaV_W{tqY\l\k}fhagbCUXde£|ÀFlQs[¦\[keCfha
tqWZy;dagbC[UXW{acbo[UXW{acfhy-WZtvCWZdgfhdlZz:||TiT
U[-W{`Cfq`CY&agb7W{afq`Rag[Y\kgW{acfhl\`WZ`C~lZacbo[kUXW{acb
[eUWacfqyWZt¯U[eagbCl=~Cd·y-W{`C`ClZaxv@[&yb7WZ`CYZ[~[-WZd
fhth_Z£TV`WZ~o~Cfhagfql\`d}y[`o[¤W{yy[etq[ekcW{agfql\`¿b7W{d
v@[[e`ÊfqUnCtq[eUX[e`Rac[~ÇmCd}fq`CY«moacfhtqfhaV_³z5mC`Cyeagfql\`od
agb7W{a~Cl`ClZadgmCnCn@l\kajWZ`R_yel\UXUl\`z5l\k}UlZz
fh`Rac[kz3WZy[{£
à/3<-/5>@?¢fqdxW{`ClZacbo[kl\v=}[eyeaVl\k}fq[`Rag[~kg[`o~C[k
fh`CYÅz5kgWZU[e l\kgâxbCfhybtqfq{[STiT~C[
k}fh¦Z[dLfhacd"Y\[el\U[eack_&dgmovCd}_=d}ag[Uíz5kgl\UÅacbC[ wW-_
pLkcW{yfq`oYÒ[ekg`C[etÑÒfhkg=Ô\ÔDÖè£ÐãjfhdgfqlZ`âmCdg[edÚW
nob;_=d}fqy-W{tqth_©vCWZdg[e~l\v=}[eyeaVl\k}fq[`Rag[~¾W{vCd}agkcWZy
agfql\`ÜlZzacbo[¹k}[`C~o[kgfh`CYínCkgl=y[edgde³WZ`o~ÃyWZ`
k}[`C~o[knCbR_d}fqyWZtqt¥_Êyl\k}kg[eyeaWZds[etqtxWZd`Cl\`=
nob;_=d}fqy-W{tXd_dac[eUXde£ ÀFlD [e¦Z[ke'fhaÇdgn@[yefhÂ7[ed
Âo[e~XUXW{agbC[UXW{acfhy-WZt=Ul~C[etqd|z5lZkdgl\U[fq`Rag[k
z3W{y[dacb7W{ay-WZ`o`ClZajv@[+yb7W{`CY\[~%vR_acbC[nCkgl{
YZkcWZUUX[ek£LTV`W{~C~Cfhagfql\`¯{acbo[FdgWZUnCtqfh`CYjfq`Rag[k
z3W{y[db7W-¦\[«vP[e[`Áz5kcWZY\U[`Rag[~©z5l\kmCdg[xfhagb
fq`¹acbC[¡z5kgWZUX[slZkg;dõÅXYZfV2:FãfqdglZfq`"Nã
WZ`C~wx[`C~C[ekcîSWZkgP2wFî:£
á.âãkälåæ¾âç è é êÆë
ìwíÕî_ïCðñ6òLóóîÌôXòLï9õ6ö îÕõ6ï îÕõ6ï îÕõ6ï
÷òLöXðøLï9ðù,î ì÷ úòLûÕî úòLûÕî
ü ô ýCõ.ñ3ù üþðõ6ûÀù9õ.ö îÕõ6ï îÕõ6ï úøLïCù)óî
ìwóÿÐðûXï îÕõ6ï ûXø ûXø
Ìò0ù)íXõ6úò0ù)ðñ6òLó
ô_òLï9ðï
îÕõ6ï ûXø ûXø
ü ô ýCõ.ñ3ùrøÀöXõ6ó ü ü ÷ ûXø
pSWZvCtq[^È=õ 7kgWZUX[slZkg'7[W{acmCk}[d
ÜòqÍ
z"J"ODJ"BD9«. >BÏ
pSl&~CW{ac[acbo[·z5kcWZU[e l\kgdgmCnonPl\kacd:WZ`[ag[`
dgf¥¦\[d}[ealZzkcW-_RVv7W{dg[~«ac[ybo`Cfq¨;mC[edKvCmoal\`Ct¥_
l\`C[wFWZ~Cfhl\dgf¥aV_UX[acbCl=~£&TV`)acbo[z5moacmokg[agbCfqd
xfqtht¯v@[^[=ac[`o~C[~³aglXUXWZ`R_'l{z|acbo[^l{acbC[ekFkgW
~CfqlZdgfhaV_ÚU[eagbCl=~Cd£«pbCfqd^xfqtqtnokgl\v7W{vCth_¢WZ~C~
UXlZkg[fh`Rac[kz3WZy[edWZd+Ul\k}['yl\UUl\`Y\k}l\mC`C~
vP[aVs[e[`¤[-WZybÁac[ybo`Cfq¨;mC[fqd[n@l\dg[e~£} `
lZacbo[k[=ac[e`Cdgfhl\`fhdjacbC[dgmonCnPlZk}a^lZz·nCWZkcWZthtq[et
fqUnCtq[eUX[e`RaW{agfql\`Cd"d}mCybW{d~7W{aWD"~Cfqdack}fqvCmoag[~
UX[acbCl=~Cdz5l\k)tIW{kgY\[Ç~7W{acW¾dg[eagd£ÀlZnP[z5mCtqt¥_
acbCfhdyWZ`¡v@[bCfh~C~C[e`¡fq`¢dgy[e`C[aV_=n@['yl\Un@l{
`C[`Ragd£§ d&_\[as[WZk}[`olZadgmCk}[fhzacbC[n7W{k
WZtqth[t^`7W{agmCkg[ÊlZz¦{WZk}fql\mCd)WZtqY\lZkgfhagbCUd«`C[e[~Cd
aclÇvP[UXWZ~C[[nCthfqyf¥a-:l\kfhzfhay-W{`v@[«bCfh~
~C[`¤vP[ebCfq`o~ÁagbC[«yemCkgk}[`Ra'd}[eaXlZz&fh`;ag[kz3WZy[ed£
T zagbCfqdfhd'acbC[ÚyWZdg[¢WZtqtFacbC[ÚyemCkgk}[`Ra³U[eagb
l~odX l\mCtq~¾ l\k}¤d}[-WZUtq[edgdgt¥_¤xf¥acb¾nCWZkcWZthtq[et
UX[acbCl=~Cde£¤Sfq`7WZthth_ZfhafqdnCk}l\n@l\dg[e~Áagl¢nCk}l{
¦=fq~C[d}mCnCn@l\k}az5l\kUl\kg[s`=moUX[ekgfqyWZtCU[eagbCl~od
[d}nP[eyfIW{tqth_z5l\kXagbC[³yel\UXUl\`©aWZd};d'lZzfq`Rag[
Y\kcWacfqlZ`ÚWZ`C~ÇdcWZUnCtqfh`CYxbCfhybW{kg[mCdg[z5mCtfq`
WZtqt¯WZkg[WZdxlZzSkg[`o~C[k}fq`CYC£
¶DÏK?">®X139=°"ñ96¢9?@OD<
TºslZmCtq~ thfq{[ aglÆacb7W{`C u&WQ¦Z[ÐiWZkgYRW{`
i^W{kg[eagbÊØskgWZ~CdgbCWQæK[el%p|WZthvPl{a+WZ`o~©ÀmCY\b
½«yQr·W{vP[¼z5lZkacbC[efqkÅbC[thn£ pbCfqdÅnCkglD}[yea
b7WZdxv@[[`«dgmCnonPl\kac[e~³vR_`Rac[k}nCkgfhdg[^TVkg[etIWZ`C~
d}agkcW{ag[Y\fhyk}[d}[-WZk}yb¸Y\kcWZ`Ragd]pZàZÕáÎZË¢WZ`C~
]pZà\ÔÎÎoáÁWZ`C~¼Àf¥aWZybCfujmovCtqfh` æ"WZv@l\kgW
ÑØs[e{W{[eÖîbofqtqfhnCn@[ Øs[WZ[ek}a£
bRa}acnõ£Óyde£Þ;mCth[mo¦Z[`£ÞWZyZ£Óv@[{yxfqd
k}[d}[-WZk}yb{Y\kgWZnCbCfhydkg[`o~C[k}n7WZkg£
ÑØs[e`;agtNä\ÌDÖÏZlZ`XæKl\mofqdØs[e`;agtq[_\£¯½«mCthagfq~CfhUX[e`
d}fql\`CWZtjvCfh`7WZk}_dg[WZkgyb¹ackg[e[dmCdg[e~Åz5l\k
W{dgdgl=yfqW{acf¥¦\[dg[WZkgybofq`CYC£ TV`¢
÷÷%g7üLÛ
ýgøZù3ü_oÿ
¦Zl\tqmoUX[¡á-Ôoxn7WZY\[ed
Ì!Î\àoÌáQä¯áQà\ä\Ì£
ÑÓrsl\bC[e`7Ô\Ô{Ö
½fqyb7WZ[et £srslZbC[`F]=bC[`CybCWZ`CY©kgfhy
rsbo[`ÄÏZl\bo`w£·ç¡W{tqtIW{y[ZWZ`C~Åujl\`
W{tq~)îL£Ki&kg[e[`;vP[ekgYC£È ¼nCk}l\Y\k}[dgd}fh¦Z[+kg[
ÂC`C[U[`RaWZnCnokglRWZyb¡agl³z3WZdakcWZ~ofql\d}fhaV_
fhUW{Y\[sY\[e`C[kgW{acfhl\`£¯
÷=ù ûµ}ø7úgÛ
üèýÿ! _Ô
d
#"
%$'& ())*$
fQýûûZZüLgÿ,+
ÈZÈC3Ë;õäZÌÔZËC^ mCY\mCdaáQà\Ô\Ô£ÀF[tq~©fh`
·agtIWZ`RacWoi&[l\k}Y\fIWo£
ÑÓrsl\bC[e`7à\É{Ö+½«fhyb7WZ[t@s£rsl\bo[`WZ`o~|ÏZl\bC`w^£
çWZthtIWZye[Z£wFWZ~Cfhl\dgf¥aV_XWZ`C~kg[WZtqfhd}acfhyfhU
W{Y\[Úd}_=`RacbC[edgfqde£0á-à\à\Éo£ÜÀF[tq~fh`]WZ`
ujfh[Y\lo7r{ £
ÑÓrsl=l\=ÔRäÖwFlZvP[ek}axæ£rsl=l\CæKl\k}[`«r·WZkgn@[`=
ag[ke"WZ`C~Ú~oxfq`Çr·WacU+mCthtè£&pbC[k}[e_Z[d
fhUW{Y\[jkg[e`C~C[ekgfq`oYWZk}ybCfhag[yacmCk}[Z£Ä
÷%Û
=ùVû µgø7ú=üèýÿ _Ô
d
#"
%$'& (
).-$
fQýûûZZüLgÿ,+
ân7W{Y\[dåàRÌáÎRÈÏZmCth_
á-à\ÔRä£ÀF[tq~fh` `7WZbC[efqU7r·WZthfhz5l\k}`CfIW£
Ñujmoagkg[-à{ËZÖîbofqtqfhn ujmoack}[ WZ`o~ /j¦Z[d u+£
çfhtqth[Ud£TVUXn@l\kaWZ`Cye[ ~Ckgf¥¦\[`UXl\`Rag[
yWZkgthlthfqY\bRa:ackcW{yfq`oYC£Úe
ü
ù5ú
Ñ
ÌfZ}ø7úgÛ
üèýÿ*0 21Qÿúw *"xû=ûüLg
Fn7WZY\[ed
á-ÔRÌ@áQà{ËCtÏZmC`C[XáQà\àZËo£sÀF[tq~fq`«u&WZk}U
daWZ~a-@i&[kgUXWZ`R_\£
ÑÓi&tIWZd}dcàoáÖ `C~Ck}[e¼itqWZdgd}`C[ke£j]=nP[eyeack}mCUõW
nokgl\n@l\dg[e~âfqUXWZY\[Úd_`RagbC[d}fqd%WZk}ybCfhag[y
agmCkg[{£
Ô
d
#"
3$'& (45 e
f7ù3üèûÿüL
"xû=ûüLgýwgcÿQûÄSù ûÿ
tÏZmoth_)á-à\àoá\£
ÑÐÏZ[`odg[-àZÕ{Ö+ÀF[`Ck}fqâçWZ`C` ÏZ[`Cd}[`£ i&tqlZv7WZt
fhtqthmCUXfh`7W{agfql\` modgfq`oY nCbClZagl\` UXWZnCd£
Ñ
rsfhaV_Zt;/+£
ÑÓÒWD}f¥_Ô\Õ{ÖÄÏ\WZU[d¹p&£ÒWD}fh_\Wo£ pbo[ k}[`
~C[ekgfq`oY%[¨;m7W{agfql\`£Ý
÷=ù û<µ}ø7úgÛ
üèýÿ! _Ô
d
#"
3$'& ()8=$
fQýûûZZüLgÿ,+ ÈÎ75Ë;õ¥á-ËRÉ@áDÌÎo¿ mCY\mCdaÇáQà\Ô\Õo£ÀF[tq~ fq`u&WZthtIWZdepL[oWZde£ ÑÓÒWZthl\dcÔZÕ{Ö^½³WZt¥¦=fq`¢À£LÒWZtql\d^WZ`o~¡î|W{mCtIW £ çbCf¥actql=y£ > øÿüèýÿ ¸¦\lZtqmCU[Ùá lZz 7ù û øþ8 ¢ûùNúÿ
£ ÏZl\bC` çf¥
tq[_+W{`C~X]l\`Cde&[e?/:l\k}@RrsbCfqybC[ed}ag[k
Øsk}fqdgvCWZ`C[Z³pSl\k}l\`Racl»W{`C~Ä]fh`CYRWZn@l\kg[{
áQà\ÔZÕo£
ÑÓÒ&fhkg=Ô\Ô{Öu&W-¦=fq~ÆÒ&fqkgÐW{`C~ Ï\WZU[d k¦\lC£
pbC[kgWQ_agkcWZyefq`CY'{[k}`C[t2£@$ wQýûûZZüLgÿ A RÿZgø7ú ())\Cn7WZY\[edä\ÌÔRÈ=áQà\Ô\Ô£ ÑÓÒ&k}mCY\tIà\äÖu&W-¦=fq~ Ïo£Ò&kgmCY\thfq`Cd};fè£Vd oÿüÀ=ûCBKüLÛ ÿoøZþ DD£½«fhykglZdglZzNaÚîk}[dgdewx[~ Ul\`C~xç¡W{dgbCfh`CYZaclZ`Fz5lZmCk}agb¸[~Cf¥acfqlZ` áQà\à\ä£ ÑÓæ"W{z5lZkcà\É{Ö&k}fqyîL£æ"W{z5l\kacmC`C['WZ`C~E/j¦Z[du+£ çfqthtq[eUXde£¼ØsféV~Cfhkg[eyeacfhl\`7WZtxn7WacbackcW{y fq`oYC£sTV` ÷Fµ}ø7ú=üèýÿ 7n7WZYZ[d^á-Ë;Ì áDÌZÉáQà\à\É£ ÑÓæK[en7WZYRÔÎÖi£SîS£SæK[n7WZYZ[Z£³ã[eYRWZdõÞWZ`©WZ~CWZn acf¥¦\[ U+mCt¥acfq~ofqU[`Cd}fql\`7W{tÃfh`;ag[Y\kgW{acfhl\`
nCk}l\Y\kcW{U«£ TV` HGJI
ÔtÛ
)KL9MMJ--¦\lZt¥
mCU[ËCCn7WZYZ[dáQàÎáQàRÌPáQà\ÔÎo£
ÑÓîk}[dgdgà\Õ{Ö^çfqthtqfIW{U À^£Ãîk}[dgde ]WZmCt £
pL[mC{l\tqd};_Z çfqthtqfqWZU p&£ã[eagag[k}tqfq`oYC
WZ`C~¾ØskcWZfh`¾îL£s|tqWZ`C`C[ek}_Z£6I =÷ûüèýgøZþ "xûýüC7ûÿ)üL ON ú7û ù Ôýüèû7ù2üP·ý ÷=ù2üLg £år·WZUvCkgfh~CY\[ Ù`ofh¦\[ekgd}fhaV_ îkg[edgdXpbC[¾îf¥agaØsmCfqth~Cfq`oYC+pLkgmCUn fq`oYZacl\`]=agkg[[a-Cr·WZU+vCk}fq~CY\[r·ØÈáQwFîS dg[eyl\`o~³[~ofhacfhl\`PáQà\à\Õo£ ÑÓwxl\Y\[ekcàRäDÖ^u&WZtq[Çwxl\Y\[k}dgl\`¯£ d oÿüÀ=û Ó £ ½«fhykglZd}z5lZaFîkg[edgdeSF[e!/:lZkgKáQà\àRä=£ ÑÞ]=bCfqk}tIàoáÖ&îS[eag[k]bCfhkgtq[_\LÒ&[t¥¦fh`¢]mC`CYCSWZ`C~
çfqthtqfqWZU ØskglQx`£ kcW-_ÆagkcWZyefq`CY
z5kcW{UX[sl\k} z5l\kÅYZtql\v7W{t%fqtqthmCUfq`7W{agfql\` d}_=dac[Ud£ µ}ø7ú=üèýÿ d 7ùVû ø=ýû (45Z
]=fq[~o[tè£ ãjfqd}fql\`ĹWZ` W{kgybCf¥ac[yacmCk}[
z5lZk^YZtql\v7W{tfqthtqmCUfq`7WacfqlZ`«yWZtqyemCtIW{agfql\`od£ dfÑÆÑ¯ÑQN }øoÿø=ýù2ü_oÿÇRBKüqÿCøZþüTSQøZù3ü_ ø ÷=ù û3µ}ø7ú=üèýÿ
á; áDõä\ä=à\Õo
½«WZkgyb¢áQà\àRÌ£|T]C]r»áÎRä\äQÈZÕRÈ{Õo£
ÑìpLkgmCU+vCàoáÖØ£FpSk}mCU+v@l\kg[{^çí£æ_=agtq[{W{`C~
u+£îS£'ik}[[`;v@[k}YC£ ac[ed}agvP[e~ z5l\k
fhUW{Y\[d}_=`RacbC[edgfqde£ Ñ
gfZgø7ú=üèýÿ (45Z
nCWZY\[dxËRÕ\äUËRÔÎo7][enoac[eU+v@[káQà\àoáZ£
Ñã[-W{yb7àZËZÖkgfqy ã[WZyb
W{`C~%æK[l\`ofq~7WZdjimofqv7WZde£jØsfh~Cfqk}[yacfqlZ`7WZt [ed}agfqUXW{acl\k}dz5l\kxtqfqYZb;asackcW{`Cdgn@l\k}a£Èe ü ùNú Ñ gfZgø7ú=üèýÿV0 21Qÿúw¢W"xû=ûÛ üLg RnCWZY\[dxá-ËRä@áQÕRÈ=&ÏZmC`C[áQà\à{ËC£@À[th~ fh`u&WZkgUd}acWZ~oa-Ci[ekgUXWZ`R_\£
Ñã[-W{yb7àRäÖkgfqyåã[-WZyb WZ`o~ÛæK[l\`Cfh~7WZd Ïo£
i&mCfhv7WZd£ ½«[ack}l\nPlZtqfqd tqfhY\bRa¼ackgWZ`Cd
n@l\ka-£9$ fQýûûZZüLgÿ{ Ô d #" %$'&X4Y-- nCWZY\[dÇÕRÌoäZÕoÄ mCYZmCd}aÁáQà\à\ä£T]ص
ÎD Ô\àRä{àoáe ÔZà\Õä=£ÀF[th~«fh`«æKl\dÇ `oY\[th[d
r·W{tqfhz5lZkg`CfqWo£ ÑçWZthag[-àRäÖ^Ø kgmCye[çWZthag[ke îbCfhtqfhnÁ½¢£ÀmCv= vCWZkg~îL[eag[k]bCfhkgth[e_\W{`C~©ujl\`7WZth~¡s£ i&kg[e[`;v@[kgYo£ i&tqlZv7WZt¿fqthtqmCUfq`CW{acfhl\` modgfq`oYÃthlyWZt%tqfh`C[-WZk¸~o[`Cd}fhaV_ [dacfqUXW agfql\`¯£3 N }øoÿø=ýù2ü_oÿ%Zµ}ø7úgÛ üèýÿ Ká-Õ72ÉRõÈ=áDäoÈ\Ì{àotÏZmCt¥_%áQà\àRä=£:T]o]r Î\äZÉÎÎ\ÉÎoá\£
ÑçWZkg~7ÔZÔ{Öik}[Y\l\k_ Ïo£çWZk}~7kcWZ`CyefqdÁ½¢£
wxmCvCfh`Cd}ag[fh`'WZ`o~»wFlZvP[ek}aÊu+£rstq[WZk£ kcW-_»agkcWZyefq`CYdgl\thmoacfhl\`»z5l\k©~Cf.ÊPmCd}[ fh`Rac[k}kg[ª7[yacfqlZ`£ ÷ùVû[µ}ø7úgÛ üèýÿ! _Ô d #"
%$'& ())*$