• No results found

Auditor Style and Financial Statement Comparability

N/A
N/A
Protected

Academic year: 2021

Share "Auditor Style and Financial Statement Comparability"

Copied!
54
0
0

Loading.... (view fulltext now)

Full text

(1)

3-2014

Auditor Style and Financial Statement Comparability

Auditor Style and Financial Statement Comparability

Jere R. Francis

University of Missouri Matthew L. Pinnuck The University of Melbourne Olena Watanabe

Iowa State University, [email protected]

Follow this and additional works at: https://lib.dr.iastate.edu/acct_pubs

Part of the Accounting Commons, Business Administration, Management, and Operations Commons,

Business Analytics Commons, Corporate Finance Commons, Finance and Financial Management Commons, Portfolio and Security Analysis Commons, and the Strategic Management Policy Commons Recommended Citation

Recommended Citation

Francis, Jere R.; Pinnuck, Matthew L.; and Watanabe, Olena, "Auditor Style and Financial Statement Comparability" (2014). Accounting Publications. 12.

https://lib.dr.iastate.edu/acct_pubs/12

This Article is brought to you for free and open access by the Accounting at Iowa State University Digital Repository. It has been accepted for inclusion in Accounting Publications by an authorized administrator of Iowa State University Digital Repository. For more information, please contact [email protected].

(2)

The term “audit style” is used to characterize the unique set of internal working rules of each Big 4 audit firm for the implementation of auditing standards and the enforcement of GAAP within their clienteles. Audit style implies that two companies audited by the same Big 4 auditor, subject to the same audit style, are more likely to have comparable earnings than two firms audited by two different Big 4 firms with different styles. By comparable we mean that two firms in the same industry and year will have a more similar accruals and earnings structure. For a sample of U.S. companies for the period 1987 to 2011, we find evidence consistent with audit style increasing the comparability of reported earnings within a Big 4 auditor's clientele.

Keywords Keywords

earnings, comparability, Big 4 accounting firms Disciplines

Disciplines

Accounting | Business Administration, Management, and Operations | Business Analytics | Corporate Finance | Finance and Financial Management | Portfolio and Security Analysis | Strategic Management Policy

Comments Comments

This accepted article is published as Jere R. Francis, Matthew L. Pinnuck, and Olena Watanabe (2014) Auditor Style and Financial Statement Comparability. The Accounting Review: March 2014, Vol. 89, No. 2, pp. 605-633. Doi: 10.2308/accr-50642. Posted with permission.

(3)

1234

5

67ÿ

95

ÿ

3ÿ

4

4

ÿ

95

5

5

ÿ

674

4

5

ÿ

ÿ ÿ ÿ ÿ ÿ ÿÿ !"#ÿ $%&'()*+ÿ-.''+/+ÿ.0ÿ1&)23+))ÿ 4325+%)267ÿ.0ÿ82)).&%2ÿ -.'&9:2(;ÿ8<ÿ=>?@@ÿ4ABÿ

C%(3D2)E92)).&%2F+G&ÿ ÿ

ÿ

HIIÿJ" K!Lÿ

C(D&'67ÿ.0ÿ1&)23+))ÿ(3GÿMD.3.92D)ÿ 4325+%)267ÿ.0ÿ8+':.&%3+ÿ 8+':.&%3+ÿN@@OÿB&)6%('2(ÿ

9P233&D*E&329+':F+G&F(&ÿ ÿ ÿ QR ÿSI ÿ -.''+/+ÿ.0ÿ1&)23+))ÿ T.U(ÿA6(6+ÿ4325+%)267ÿ B9+);ÿTBÿ>OO@@ÿ4ABÿ

U(6(3(:+E2()6(6+F+G&ÿ ÿ ÿ VWIÿVIXÿK ÿYZ[ÿY\Z]ÿ ÿ ÿ ÿ ÿ

^SÿI_ LÿI_ÿ`"Ia#[ÿH"!_RÿbII`cÿ `ÿdÿbe [ÿ `ÿI_ÿIfaÿe"f#ÿWaÿI_"ÿ cK"` !ÿ `ÿ!a #IK!I"eÿ#Kcc#I"a #ÿSÿR#aÿgg!"IÿI_ÿ!ahh I#ÿaWÿfaL#_agÿ gI"!"g I#ÿIÿi "e#"IÿaWÿj"ka [ÿla!!a "ÿi "e#"I[ÿla `ÿi "e#"I[ÿdbmÿHa IR[ÿ neRÿi "e#"I[ÿH"!_"c ÿoIIÿi "e#"I[ÿi "e#"IÿaWÿH"##aK"[ÿS#_" cIa ÿi "e#"Iÿ" ÿ oIÿnaK"#[ÿ `ÿI_ÿ!ahh I#ÿaWÿgI"!"g I#ÿIÿI_ÿ KRÿhI" c#ÿaWÿI_ÿjh"! ÿj!!aK I" cÿ j##a!"I"a ÿ `ÿI_ÿp I I"a Rÿohga#"Khÿa ÿjK`"Iÿ#!_ÿÿ ÿ ÿ ÿ ma I!IÿjKI_aXÿ ÿ !"#ÿ q\Zÿrs]ÿttYÿrZruÿ !"#vh"##aK"`Kÿ

(4)

ÿ 2345678ÿ6ÿ4ÿ55ÿ666ÿ78556ÿ ÿ 22ÿÿ ÿ!"#$%ÿ&'()ÿ*+ÿ,+-.ÿ/0ÿ123431/-4*5-ÿ/2-ÿ,6*7,-ÿ+-/ÿ08ÿ*6/-4639ÿ:04;*6<ÿ 4,9-+ÿ08ÿ-312ÿ=*<ÿ>ÿ3,.*/ÿ8*4?ÿ804ÿ/2-ÿ*?@9-?-6/3/*06ÿ08ÿ3,.*/*6<ÿ+/36.34.+Aÿ36.ÿ/2-ÿ-68041-?-6/ÿ 08ÿBCCDÿ:*/2*6ÿ/2-*4ÿ19*-6/-9-+EÿC,.*/ÿ+/F9-ÿ*?@9*-+ÿ/23/ÿ/:0ÿ10?@36*-+ÿ3,.*/-.ÿGFÿ/2-ÿ+3?-ÿ=*<ÿ >ÿ3,.*/04Aÿ+,GH-1/ÿ/0ÿ/2-ÿ+3?-ÿ3,.*/ÿ+/F9-Aÿ34-ÿ?04-ÿ9*;-9Fÿ/0ÿ23I-ÿ10?@343G9-ÿ-346*6<+ÿ/236ÿ/:0ÿ 8*4?+ÿ3,.*/-.ÿGFÿ/:0ÿ.*88-4-6/ÿ=*<ÿ>ÿ8*4?+ÿ:*/2ÿ.*88-4-6/ÿ+/F9-+Eÿ=Fÿ10?@343G9-ÿ:-ÿ?-36ÿ/23/ÿ/:0ÿ 8*4?+ÿ*6ÿ/2-ÿ+3?-ÿ*6.,+/4Fÿ36.ÿF-34ÿ:*99ÿ23I-ÿ3ÿ?04-ÿ+*?*934ÿ3114,39+ÿ36.ÿ-346*6<+ÿ+/4,1/,4-EÿJ04ÿ 3ÿ+3?@9-ÿ08ÿKELEÿ10?@36*-+ÿ804ÿ/2-ÿ@-4*0.ÿMNOPÿ/0ÿQRMMAÿ:-ÿ8*6.ÿ-I*.-61-ÿ106+*+/-6/ÿ:*/2ÿ3,.*/ÿ +/F9-ÿ*614-3+*6<ÿ/2-ÿ10?@343G*9*/Fÿ08ÿ4-@04/-.ÿ-346*6<+ÿ:*/2*6ÿ3ÿ=*<ÿ>ÿ"#$%ST&ÿU(%V(Eÿ WX784YÿZ346*6<+[ÿ\0?@343G*9*/F[ÿ=*<ÿ>ÿC110,6/*6<ÿJ*4?+Eÿ ÿ ]6ÿ^5556_ÿC99ÿ.3/3ÿ34-ÿ@,G9*19Fÿ3I3*93G9-ÿ840?ÿ/2-ÿ+0,41-+ÿ*.-6/*8*-.ÿ*6ÿ/2-ÿ/-`/Eÿ ÿ ÿ

(5)

3456789ÿ7ÿ5ÿ66ÿ777ÿ89667ÿ

ÿÿ

!"#$%$&'(')*ÿ'+ÿ,-.'/-,ÿ&*ÿ)0-ÿ1'/$/2'$(ÿ322!4/)'/5ÿ6)$/,$%,+ÿ7!$%,ÿ813679ÿ$+ÿ)0-ÿ :4$(')*ÿ!.ÿ'/.!%"$)'!/ÿ)0$)ÿ-/$&(-+ÿ4+-%+ÿ)!ÿ',-/)'.*ÿ+'"'($%')'-+ÿ$/,ÿ,'..-%-/2-+ÿ'/ÿ)0-ÿ.'/$/2'$(ÿ #-%.!%"$/2-ÿ!.ÿ);!ÿ.'%"+<ÿ=0-ÿ>!'/)ÿ2!/2-#)4$(ÿ.%$"-;!%?ÿ#%!>-2)ÿ!.ÿ1367ÿ$/,ÿ)0-ÿ@/)-%/$)'!/$(ÿ 322!4/)'/5ÿ6)$/,$%,+ÿ7!$%,ÿ8@3679ÿ-"#0$+'A-+ÿ)0$)ÿ2!"#$%$&'(')*ÿ'+ÿ$ÿ&$+'2ÿ#%!#-%)*ÿ!.ÿ .'/$/2'$(ÿ'/.!%"$)'!/ÿ;0'20ÿ-/0$/2-+ÿ')+ÿ4+-.4(/-++ÿ81367ÿBC1C9<ÿ@/,--,ÿ)0-ÿ1367ÿ+)$)-+ÿ)0$)ÿ 2!"#$%$&'(')*ÿ'/ÿ.'/$/2'$(ÿ%-#!%)'/5ÿ'+ÿ)0-ÿ#%'"$%*ÿ%-$+!/ÿ.!%ÿ,-D-(!#'/5ÿ$22!4/)'/5ÿ+)$/,$%,+ÿ 81367ÿ1EFCGÿ#$%<ÿ11B9<ÿ=0-ÿ2-/)%$(')*ÿ!.ÿ2!"#$%$&'(')*ÿ'+ÿ$(+!ÿ-"&-,,-,ÿ'/ÿ$22!4/)'/5ÿ )-H)&!!?+Gÿ#$%)'24($%(*ÿ.'/$/2'$(ÿ+)$)-"-/)ÿ$/$(*+'+ÿ)-H)+ÿ8I-D+'/-ÿ-)ÿ$(<ÿBC11JÿK0'(('#+ÿ-)ÿ$(<ÿ BC1L9<ÿ ÿ =0-ÿ#%'"$2*ÿ!.ÿ2!"#$%$&'(')*ÿ$+ÿ$ÿ:4$(')$)'D-ÿ20$%$2)-%'+)'2ÿ!.ÿ$22!4/)'/5ÿ"$?-+ÿ')ÿ '"#!%)$/)ÿ)!ÿ4/,-%+)$/,ÿ)0-ÿ.$2)!%+ÿ)0$)ÿ5'D-ÿ%'+-ÿ)!ÿ)0'+ÿ20$%$2)-%'+)'2<ÿ=0-ÿ-"-%5'/5ÿ%-+-$%20ÿ '/)!ÿ)0-ÿ,-)-%"'/$/)+ÿ!.ÿ2!"#$%$&'(')*ÿ0$+ÿ.!24+-,ÿ!/ÿ)0-ÿ%!(-ÿ!.ÿ$22!4/)'/5ÿ+)$/,$%,+ÿ+420ÿ$+ÿ )0-ÿ$,!#)'!/ÿ!.ÿ@1I6ÿ87$%)0ÿ-)ÿ$(<ÿBC1BJÿM$/5ÿ-)ÿ$(<ÿBC1C9<ÿN!;-D-%Gÿ$22!4/)'/5ÿ+)$/,$%,+ÿ!/ÿ )0-'%ÿ!;/ÿ,!ÿ/!)ÿ.4((*ÿ,-)-%"'/-ÿ.'/$/2'$(ÿ%-#!%)'/5ÿ!4)2!"-+Jÿ-2!/!"'2ÿ$5-/)+ÿ$/,ÿ'/+)')4)'!/$(ÿ '/2-/)'D-+ÿ$(+!ÿ#($*ÿ$/ÿ'"#!%)$/)ÿ%!(-ÿ87$((ÿ-)ÿ$(<ÿBCCLJÿM-4Aÿ-)ÿ$(<ÿBCCL9<ÿ=0'+ÿ"!)'D$)-+ÿ!4%ÿ '/D-+)'5$)'!/ÿ!.ÿ)0-ÿ%!(-ÿ)0$)ÿ$4,')!%+ÿ#($*ÿ'/ÿ)0-ÿ'"#(-"-/)$)'!/ÿ!.ÿ2!"#$%$&'(')*ÿ'/ÿ)0-ÿO/')-,ÿ 6)$)-+<ÿ3/ÿ$,D$/)$5-ÿ!.ÿ+)4,*'/5ÿ.'/$/2'$(ÿ+)$)-"-/)ÿ2!"#$%$&'(')*ÿ'/ÿ$ÿ+'/5(-P2!4/)%*ÿ+-))'/5ÿ'+ÿ )0$)ÿ;-ÿ$D!',ÿ)0-ÿ#!)-/)'$(ÿ2!/.!4/,'/5ÿ-..-2)ÿ!.ÿ'/+)')4)'!/$(ÿ,'..-%-/2-+ÿ'/ÿ2%!++P2!4/)%*ÿ +)4,'-+<ÿ =0-ÿ2!/2-#)ÿ$/,ÿ4+-ÿ!.ÿ)0-ÿ;!%,ÿQRSTUVUWXYXZ[ÿ,'..-%+ÿ'/ÿ)0-ÿ(')-%$)4%-<ÿ1!%ÿ)0-ÿ#4%#!+-ÿ!.ÿ !4%ÿ+)4,*ÿ;-ÿ,-.'/-ÿ$22!4/)'/5ÿ2!"#$%$&'(')*ÿ$+ÿ)0-ÿ2(!+-/-++ÿ!.ÿ);!ÿ.'%"+\ÿ%-#!%)-,ÿ-$%/'/5+ÿ ,4-ÿ)!ÿ)0-ÿ2!/+'+)-/2*ÿ;')0ÿ;0'20ÿ%4(-+ÿ$%-ÿ$##('-,ÿ$2%!++ÿ.'%"+<ÿ@/ÿ!4%ÿ-"#'%'2$(ÿ2!/)-H)Gÿ)0'+ÿ

(6)

34567ÿ8958ÿ357ÿ6ÿ894ÿ7534ÿ678ÿ56ÿ75ÿ45ÿ56ÿ89444ÿ748ÿ8ÿ894ÿ7534ÿ 4645ÿ463ÿ797ÿ54ÿ4484ÿ8ÿ954ÿ5ÿ735ÿ557ÿ56ÿ45667ÿ7884ÿ5ÿ 8967ÿ46ÿ45ÿ44ÿ8944ÿ54ÿ867ÿ6ÿ894ÿ68448586ÿ343468586ÿ56ÿ 4643468ÿÿ5686ÿ785657ÿ99ÿ56ÿ44ÿ684356ÿ3558ÿ ÿ78ÿ 747ÿ6ÿ894ÿ4ÿÿ894ÿ58ÿ56ÿ6ÿ!895ÿ48ÿ5ÿ"1#$#%ÿ4ÿ54ÿ8958ÿ459ÿ&ÿ'ÿ 58ÿ3ÿ957ÿ87ÿ6ÿ64ÿ748ÿÿ68465ÿ6ÿ47ÿ8958ÿ4ÿ56ÿ78565(4ÿ894ÿ )*+,-./01ÿ5586ÿÿ586ÿ56ÿ5686ÿ785657ÿ39474ÿ6ÿ47ÿ4ÿ74ÿ8ÿ958ÿ 4ÿ843ÿ45678ÿ:8;<=>ÿ89ÿ894ÿ674464ÿ8958ÿ58ÿ37ÿ954ÿ7784358ÿ44647ÿ6ÿ894ÿ 58ÿ55947ÿ56ÿ6ÿ894ÿ68448586ÿ56ÿ4643468ÿÿ5686ÿ785657ÿ?7ÿ5ÿ 478ÿ4ÿ448ÿ484ÿ557ÿ56ÿ45667ÿ8ÿ4ÿ34ÿ6778468ÿ56ÿ3554ÿ896ÿ56ÿ 58ÿ301ÿ@A,BC-BABÿ-D)CÿEB-FBBCÿ)*+,-ÿ3ÿ468447ÿ397ÿ457ÿ8ÿÿ356ÿ989477Gÿ8ÿ 35647ÿ584ÿÿ894ÿ7534ÿ&ÿ'ÿ58ÿ56ÿ89444ÿ748ÿ8ÿ894ÿ7534ÿ45678ÿ:8;<=ÿ54ÿ 34ÿ4ÿ8ÿ954ÿ3554ÿ45667ÿ8956ÿ8ÿ35647ÿ584ÿÿ8ÿ4468ÿ&ÿ'ÿ 587ÿ56ÿ748ÿ8ÿ4468ÿ45678ÿ:8;<=:$ÿ H4ÿ34574ÿ5686ÿ3558ÿ6ÿ8944ÿ57ÿ394ÿ78ÿ559ÿ7ÿ8ÿ45364ÿ 44647ÿ6ÿ4574ÿ885ÿ56ÿ5635ÿ557ÿ48446ÿ57ÿÿ37ÿ6ÿ894ÿ7534ÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ $ÿI34ÿ4468ÿ45347ÿ4ÿ56485ÿ4464ÿÿ58ÿ784ÿ4487ÿJ6ÿ5ÿ4ÿ78ÿK94ÿ48ÿ5ÿ"1#$Lÿÿ MNOÿ@,-BÿPQR01ÿ.Cÿ-DBÿBSSB@-ÿ.Sÿ)*+,-./1ÿ.CÿB)/C,CT1Uÿ

VWDBÿE,TÿX)@@.*C-,CTYÿS,/Z1ÿ)/BÿC.-ÿ[)11,CTÿ)*-D./,-\ÿ+.FC1-/B)Zÿ-.ÿ-DBÿ/BT,.C)AÿDB)+]*)/-B/1ÿ./ÿ.C-.ÿ-DBÿ)@-*)Aÿ 587ÿ4ÿ894ÿ74ÿ-.ÿ^ÿ_C-B/[/B-)-,.Cÿ.Sÿ-DB1Bÿ/*AB1ÿ,Cÿ-DBÿ)@@.*C-,CTÿS,/Z1ÿ@.ZB1ÿS/.ZÿD,TDÿ)E.`BÿC.Fÿ/)-DB/ÿ -D)CÿS/.Zÿ-DBÿS,BA+abÿ V^ÿ454ÿÿÿÿ89ÿÿ5ÿ5686ÿ3ÿÿ5ÿ5864ÿ56ÿ5379ÿ8967ÿcÿ488ÿ 39ÿ44896ÿ47ÿÿ8ÿ89B,/ÿ-D,Cdÿ-)Cdÿ)-ÿC)-,.C)Aabÿ WDBÿ,Z[A,@)-,.Cÿ,1ÿ-D)-ÿ-DBÿF./dÿ.Sÿ)@@.*C-,CTÿS,/Z1ÿ,1ÿ1-)C+)/+,eB+ÿ)@/.11ÿ-DB,/ÿ@A,BC-BAB1fÿ@.C1,1-BC-ÿF,-Dÿ)ÿV1-\ABbÿ 448ÿ?6894ÿ4534ÿ7ÿ3ÿ&5644ÿ48ÿ5ÿ"1#$$%ÿ9ÿ78ÿ37ÿ356ÿ685ÿ7747ÿ99ÿ 75ÿ894ÿ458ÿÿ356584ÿ5ÿ54ÿ63586ÿ394ÿ4784ÿ7858787ÿ79ÿ8958ÿg678ÿ56ÿh6ÿ "gih%ÿ4687ÿ54ÿÿ8347ÿ34ÿ4ÿ8ÿ75ÿ894ÿ458ÿÿ356584ÿ5ÿ54ÿ7747ÿ8956ÿ54ÿ894ÿ 4687ÿÿ894ÿ65865ÿ58ÿ37ÿgihÿ64ÿ5ÿ755ÿ57ÿ56ÿ78584ÿ774ÿ6ÿ87ÿIj?Iÿcÿ$1Lÿ 343468586ÿ564ÿ"gihÿ$kkl%ÿ56ÿ894ÿ4687ÿ74ÿ897ÿ6ÿ5378ÿ4583ÿ6ÿ894ÿ755ÿ 7747ÿÿ

(7)

3456789ÿ6734ÿ8ÿ7ÿ3ÿÿ65389ÿ9767ÿ39397ÿ38ÿ8ÿ53948ÿ3ÿÿ653897ÿÿ 745ÿ9ÿ7697ÿ8ÿ59ÿ8ÿ3ÿ8ÿ94347ÿÿÿ39ÿÿ397ÿ34ÿ8ÿ7ÿ 3456789ÿ45ÿ65385ÿÿ8ÿ7ÿ3ÿÿ65389ÿ9ÿ977ÿ83ÿ98ÿ8ÿÿ !"ÿ#ÿ$94ÿ 8ÿÿ !!"ÿ%4ÿ8ÿÿ ! &ÿÿ8395ÿ9ÿ7ÿ8ÿ'()*'$)ÿ78ÿ389869ÿ45ÿ677ÿ 4ÿ65389ÿ3+5ÿ87ÿ5ÿ8ÿ+34ÿ8ÿ438ÿÿ967ÿ9ÿ65389ÿ3487ÿ 9ÿ8ÿÿ ! "ÿ,ÿ8ÿÿ !!&ÿÿ ÿ939ÿ8787ÿ9ÿ75ÿ4ÿ397ÿÿ399ÿ798347ÿ9ÿ'6788ÿ34ÿ8ÿ 7ÿ34567899ÿ9ÿ8ÿ935ÿ!-./ÿ8ÿ !!ÿ'4737848ÿ38ÿ69ÿ34ÿ8737ÿÿ345ÿ 88ÿ8ÿ397ÿ34ÿ8ÿ7ÿ34567899ÿ45ÿ65385ÿÿ8ÿ7ÿ3ÿÿ65389ÿÿ9ÿ 9ÿ94347ÿ84ÿ8ÿ397ÿ65385ÿÿ8ÿ53948ÿ3ÿÿ653897ÿ7ÿ97687ÿ9ÿ 4737848ÿ977ÿ8ÿ89ÿ393ÿ87870ÿ397ÿÿ397ÿ34ÿ8ÿ7ÿ34567899ÿ38ÿ8ÿ7ÿ 3ÿÿ65389ÿÿ9ÿ7339ÿ88ÿ45ÿ49ÿ967"ÿ39397ÿ38ÿ8ÿ7ÿ3ÿÿ 65389ÿÿÿ39ÿ93834ÿ34ÿ94347ÿ9ÿ83"ÿ45ÿ65389ÿ3+5ÿ87ÿ9ÿÿ 7883783ÿ7343348ÿ5893448ÿÿ967ÿ7ÿ97687ÿ9ÿ9678ÿ8ÿÿ78ÿÿ4897ÿ9ÿ 89ÿ897ÿ88ÿ38ÿ98ÿ938347ÿ9ÿ8937ÿ8ÿ8ÿ9338ÿÿ967ÿ45ÿ 94347ÿ9ÿ39397ÿÿ345347ÿ9ÿ4737848ÿ38ÿÿ3ÿÿ6538ÿ39ÿ34ÿÿ64316ÿ 78ÿ88ÿ34977ÿ8ÿ9338ÿÿ94347ÿ3834ÿ387ÿ348ÿÿ 2ÿ7ÿ+34ÿ89ÿÿ39ÿÿ437ÿ65385ÿÿ8ÿ7ÿ3ÿÿ65389ÿ3ÿ ÿ9ÿ9ÿ94347ÿ84ÿÿ39ÿÿ437ÿ65385ÿÿ443ÿÿ653897ÿÿ878ÿ 37ÿ75ÿ4ÿ8ÿ9648ÿ88ÿ3ÿÿ653897ÿ56ÿ8ÿ839ÿ733ÿ45ÿ437ÿÿ7ÿ3ÿÿÿ 989ÿ38ÿ84ÿ443ÿÿ653897ÿ8ÿ3469ÿ8ÿ3+5ÿ787ÿ34ÿ534ÿ784595335ÿ34 67ÿ967ÿ9ÿ34834ÿ653834ÿ7845957ÿ45ÿ8ÿ4948ÿÿ,445ÿ'4737848ÿ38ÿ

(8)

3456ÿ789535ÿ9ÿ89783ÿ9599ÿ343ÿ5ÿ1ÿ5386ÿ49ÿÿ89398ÿ993ÿÿ35ÿ 78553ÿ34ÿ5ÿ1ÿ5386ÿÿ ÿ 49ÿ63ÿ96ÿ6998ÿ385356ÿ3ÿ349ÿ5398389ÿ456ÿ56ÿ349ÿ5863ÿ63ÿ3ÿ 47349659ÿÿ3963ÿ349ÿ89ÿÿ95ÿ56353356ÿ5345ÿÿ38ÿ5ÿ349ÿ7835ÿÿ 78553ÿ49ÿ95635ÿ939ÿÿ97585ÿ9599ÿ5ÿ898ÿ3ÿ349ÿ7835ÿÿ 78553ÿ46ÿ69ÿ63ÿ9659ÿÿ349ÿ89ÿÿ6386ÿ3496996ÿ96795ÿ !"ÿ9866ÿ# $"ÿ%8ÿ63ÿ78596ÿ9599ÿ343ÿÿ95ÿ5635335ÿ&ÿ349ÿ538ÿ&ÿ56ÿ 6ÿÿ57833ÿ38ÿ5ÿ349ÿ7835ÿÿ55ÿ633993ÿ78553ÿ'656393ÿ534ÿ 349ÿ(53ÿ !")#!"ÿ973ÿ898ÿ8ÿ89636ÿ6963ÿ343ÿ35ÿ6386ÿ9ÿ ÿ3ÿ996685ÿ9ÿ3ÿ78553ÿ3ÿ343ÿ349ÿ9936ÿÿ6386ÿ89ÿ6ÿ97993ÿ 7ÿ53ÿ586ÿ59ÿ5ÿ349ÿ98993ÿÿ*!!+ÿ!6ÿ64ÿ9ÿ93ÿÿ9ÿ49ÿ 3484ÿ454ÿ538ÿ4839856356ÿ93ÿ539ÿ55ÿ6339936ÿÿ "9ÿ9ÿ38539ÿ3ÿ349ÿ939ÿÿ7855796ÿ9866ÿ896ÿ5ÿ349ÿ99793ÿÿ 35ÿ6386ÿÿ89386ÿ,3485ÿ93ÿÿ-./0/1ÿ89ÿ343ÿ89386ÿ64ÿ3ÿ9ÿ 989ÿ534ÿ349ÿ73935ÿ8ÿ78553ÿ5ÿ35ÿ6386ÿ89ÿ78557969ÿ 969ÿ336ÿÿ5386ÿ4ÿ89ÿ59ÿ5ÿ349ÿ3ÿ77535ÿÿ7855796ÿ 5ÿ997ÿ285ÿ8963ÿ3ÿ63859ÿ35ÿ78359ÿ%8ÿ89636ÿ6963ÿ343ÿ3456ÿ 638535ÿ78966ÿ86ÿ5345ÿ349ÿ59399ÿÿ9ÿ5384ÿ4998ÿ34989ÿ89ÿ65553ÿ 256789ÿ;<==9>9?@953ÿA96B99?ÿCD;<6ÿ=<>E5ÿ6FC6ÿ8996ÿ5398538ÿ78553ÿÿ 458ÿ9ÿ38539ÿ3ÿ349ÿ898ÿ5398389ÿ343ÿ9596ÿ349ÿ538G6ÿ89ÿ5ÿ349ÿ 7835ÿÿ55ÿ897836ÿ456ÿ5398389ÿ46ÿ5ÿ959ÿ349ÿ89ÿÿ535ÿ5ÿ 85ÿ9856ÿ993ÿ454ÿ56ÿ8939ÿ3ÿ349ÿH53359ÿ483985635ÿÿ 2>9I>959?6C6<J?C8ÿ=C<6F=D8?9553ÿ- !"ÿ./0/1ÿK9ÿ64ÿ343ÿ349ÿ5H9ÿ639ÿÿ94ÿ5ÿ1ÿ

(9)

3456789ÿ37ÿ7ÿ4367376ÿ39379676ÿ8ÿ8393667ÿ35ÿ76ÿ6ÿ3879ÿ849ÿ8ÿ 3963768ÿ676ÿ7ÿ6ÿÿ984ÿ8ÿ3456789ÿ49ÿ745ÿ35ÿ947ÿ39ÿ7989ÿ9375ÿ78ÿ 39ÿ7ÿ3ÿ ! "ÿ8ÿ9897ÿ737ÿ6566543ÿ898937ÿ339ÿ3ÿ769ÿ8ÿ6566543ÿ 7ÿ6ÿ86ÿ8ÿ84739ÿ898937ÿ6363ÿ56849ÿ35ÿ#ÿ7ÿ3ÿ !!"ÿ8ÿ65ÿ737ÿ $%ÿ7ÿ37ÿ7ÿ86ÿ8ÿ38476ÿ866ÿ&ÿ'75ÿ7ÿ87ÿ8ÿ464ÿ7ÿ6ÿ 7ÿ9854768ÿ8ÿ6363ÿ9897ÿ98ÿ6566543ÿ78ÿ38476ÿ69ÿ49ÿ656ÿ6ÿ33884ÿ 78ÿ7ÿ63ÿ6793749ÿ737ÿ'36ÿ4743ÿ45ÿ35ÿ6ÿ5847ÿ737ÿ45ÿ3ÿ769ÿ 8ÿ464ÿ7ÿ3996ÿ35ÿ(69ÿ )"ÿ ÿÿ *ÿ'7ÿ+,-./0ÿ2+3+4/56ÿ-7+ÿ6-829:6ÿ-;/ÿ795/-7+6+6<ÿ=7+ÿ>+6+?>,7ÿ56ÿ6ÿ975ÿ6ÿ 768ÿ79ÿ35ÿ3ÿ768ÿ35ÿ5373ÿ39ÿ4396@5ÿ6ÿ768ÿ849ÿA6963ÿ947ÿ39ÿ 98975ÿ6ÿ768ÿ6ÿ7984ÿ67ÿ(768ÿ6ÿ564ÿ7ÿ886ÿ36745ÿ8ÿ7ÿ 947ÿ35ÿ768ÿ! ÿ845ÿ7ÿ745ÿ BBCÿEFGHIEJKBKÿMJNJOHGPJQIÿ *8ÿ6ÿ8ÿ939ÿ39ÿ937ÿ78ÿ76ÿ745Rÿ939ÿ737ÿ'36ÿ6363ÿ 7377ÿ8393667ÿ35ÿ939ÿ6S6ÿ3456789ÿ39379676ÿ67ÿ396ÿ3779647ÿ &6ÿ7ÿ68973ÿ8ÿ8393667ÿ3ÿ8ÿÿ986@5ÿÿ735395ÿ779ÿ35ÿ 5645ÿ6ÿ7ÿ3356ÿ6793749ÿ37ÿ3ÿ8743ÿ35ÿ89376ÿÿ79ÿ6ÿ4ÿÿ 6963ÿ939ÿ8ÿ8393667ÿT7ÿ6963ÿ39ÿ3ÿ95ÿ6ÿ98ÿ78ÿ7ÿ 587ÿ8ÿÿ785886ÿ78ÿ349ÿ8393667ÿ35ÿ78ÿ7ÿ65935ÿ358768ÿ8ÿ U%T(ÿ*ÿ39ÿ'36ÿ8ÿ7ÿ358768ÿ8ÿU%T(ÿ37ÿ6363ÿ7377ÿ8393667ÿ 35ÿ8ÿ6985ÿ8393667ÿ37ÿ5668ÿÿ6789ÿ%89ÿ'3ÿ397ÿ7ÿ3ÿ !"ÿ '36ÿ7ÿ8393667ÿ8ÿ6363ÿ7377ÿ8ÿ8VW(ÿ69ÿ737ÿ3587ÿU%T(ÿ67ÿ737ÿ8ÿ W(ÿ69ÿ35ÿ65ÿ737ÿU%T(ÿ358768ÿÿ8VW(ÿ69ÿ3ÿ769ÿ6363ÿ7377ÿ

(10)

34567879ÿÿÿ85ÿ7ÿÿ7ÿÿ75ÿ37ÿÿ38434 8ÿ737ÿ 75ÿ34567879ÿ784 !ÿ57!748ÿ"#$ÿ7!464ÿ7!ÿ!43 5ÿ7ÿ"#$ÿ7!464ÿ 387ÿ34567879%ÿ57 8!ÿ7ÿ38434 8ÿ78ÿ3454&5ÿ'8ÿ83ÿ6768ÿ 7&ÿ75!ÿ8ÿ34567879ÿ73ÿÿ!34ÿ4ÿ678367ÿÿÿ3767ÿ578(ÿ )ÿ#8734ÿÿ7ÿÿ!ÿ7ÿ78ÿ34567879ÿÿ7ÿ! 8ÿÿ64&ÿ87!ÿ4ÿ 77*ÿ44ÿ7!ÿ733 873%ÿ7!ÿ7&ÿ8+,-./ÿ-1ÿ,2,+34-4*ÿ15-67647ÿ,2/ÿ/645.84612ÿ62ÿ 78ÿ4837ÿ987!7ÿÿ7ÿÿ74ÿ !ÿ77ÿ7!ÿ!ÿ7ÿÿ345547ÿ4ÿ 7334 ÿ643ÿ343%ÿ8ÿ57 8ÿ4ÿ34567879%ÿ73ÿ77ÿ34&87ÿ7!ÿ97&48ÿ 7%ÿ)#4!ÿÿ7ÿÿ4ÿ7ÿ5 7ÿ !ÿ387ÿ8ÿ48ÿ&5ÿÿ 34 8ÿÿ57!748ÿ"#$ÿ7!464%ÿ3ÿÿ78 ÿÿ! ÿ4ÿ5684&!ÿ38434 8ÿ 78ÿ34567879ÿÿ : 8ÿ4ÿÿ7 !ÿ87 8%ÿ7ÿ78ÿ94!ÿ4ÿ8783ÿ7ÿ75!ÿÿ74374ÿ 1;ÿ,</6-18ÿ=>,8,=-.864-6=4ÿ?6->ÿ=+6.2-4*ÿ,</6-./ÿ.,8262@4Aÿ:ÿ57ÿ !ÿ(ÿ7 !48ÿ7!ÿ 78ÿ789 ÿ78ÿ93(8ÿÿ7ÿBBCÿ7!ÿ#873ÿÿ7ÿBBB%ÿ4ÿ!43 5ÿ7ÿ9ÿDÿ 3ÿ7&ÿ578ÿ794857ÿ7338 7ÿ7ÿ49ÿDÿ3ÿ:ÿ875ÿ4ÿ8783ÿ7ÿ74ÿ 75!ÿ48ÿ78ÿ789 ÿ 3ÿ7ÿ93578(ÿ97ÿ9 878ÿ7!ÿ)3&ÿBBEFÿ #87(ÿÿ7ÿ%ÿ7338 7ÿG 7ÿ)34ÿ7!ÿ)3&ÿFÿ)4ÿÿ7ÿE%ÿ7!ÿ5ÿ

4ÿ8344ÿ97 ÿBBEFÿH87ÿIÿ#873ÿDFÿÿ8&ÿÿ56837ÿ

7 !ÿ87 8ÿ7!ÿ!389ÿ7 !48ÿ3787383ÿ7437!ÿÿ78ÿG 7%ÿ

3 !ÿÿ9ÿDJ49ÿDÿ!3445%ÿ.ÿ,</6-18*4ÿ62/<4-8ÿ68ÿ$3ÿ7!ÿK7ÿ %ÿ7!ÿ75633ÿ7348ÿ 3ÿ7ÿ3ÿLÿ$4!ÿ7!ÿ#873ÿ%ÿ7 !48ÿ 8ÿM44ÿÿ7ÿ%ÿ7 !48684&!!ÿ47 !ÿ8&3ÿ#87(ÿÿ7ÿ%ÿ7!ÿÿ 683ÿ4ÿ7 !ÿ85ÿ7 5ÿÿ3 &ÿ644ÿ4ÿ3ÿN4ÿ7!ÿK75ÿDÿÿ

(11)

34ÿ56789ÿ4ÿ6577ÿ8ÿ7ÿ6446ÿ64ÿ9446ÿÿ784794ÿ4ÿ64ÿÿ 4ÿ76ÿ78ÿ6577ÿ374ÿ676ÿ6577ÿ6446ÿÿ4784ÿ4ÿ7ÿ64ÿ 44ÿ6ÿ4ÿ95ÿ68778ÿÿ86ÿ4ÿ8ÿÿ8ÿ4ÿÿ4767ÿ 48ÿ4ÿ64ÿÿ487ÿ948ÿÿÿ76ÿ8ÿ7887ÿ448ÿ6577ÿ 6ÿ4ÿÿ !" #ÿ649874ÿÿ8789ÿ646ÿ64ÿ4ÿ64ÿÿÿ4ÿ784678ÿÿ4ÿ 464ÿÿ4ÿ7887ÿ646789ÿ4ÿ7ÿ784ÿ8789ÿ86ÿ476ÿ 78466478ÿ486448ÿ8ÿ77978ÿÿÿ7ÿ8ÿ4ÿ6577ÿ$6ÿ6ÿ4ÿ ÿ8789ÿ86ÿ444ÿ7ÿ64ÿ4948ÿ9748ÿ4ÿ76ÿ7ÿ74ÿ 784ÿ78ÿÿÿ44ÿ464ÿÿ4ÿ7887ÿ646789ÿ4ÿ%4ÿ7ÿ6446ÿ74664ÿ78ÿ 68ÿÿ4ÿ8ÿ4ÿ64ÿÿ4ÿ76ÿ78ÿ77789ÿ4ÿ646789ÿÿ79&'7ÿ468789ÿ 7ÿ4ÿ676ÿ47ÿ8ÿ6ÿ'7ÿ8ÿ468789ÿ89448ÿ5476ÿ34ÿ448ÿ 7ÿ784ÿÿ6446ÿÿ784794ÿ4ÿ64ÿ4ÿ76ÿÿ78ÿ77789ÿ6577ÿÿ (6ÿ6948ÿ7ÿÿ4ÿ79ÿ)ÿ7ÿ76ÿÿ7ÿ8ÿ87'4ÿ7ÿ4789ÿ6ÿ6ÿ 7448789ÿ*$$+ÿ89ÿ7ÿ78&4ÿ6789ÿ64ÿ6ÿ784664789ÿ8ÿ789ÿ*$$,ÿ %4ÿ774ÿÿ4ÿ79ÿ)ÿ76ÿ7ÿ974ÿ674ÿÿÿ4ÿ46ÿ8ÿ-./01ÿ31456ÿ8ÿ4ÿ44ÿ 76ÿ4ÿÿ4ÿÿ47ÿ44ÿ8ÿ74844ÿ468789ÿ7ÿ7ÿ4&88ÿÿ4ÿ79ÿ)ÿ 8789ÿ76ÿÿ7ÿ8ÿ87'4ÿ7ÿ49ÿ8ÿ4789ÿ6464ÿ86ÿ44ÿ 97884ÿ":;<#ÿ774ÿ4ÿ48ÿ79ÿ;ÿ8789ÿ76ÿ54ÿ8ÿ476ÿ4ÿÿ8664ÿ 7846474ÿ8ÿ664ÿ7ÿ48974ÿ374ÿ7ÿ4=6464ÿÿÿ 7ÿ94846ÿ44ÿ7ÿ86ÿ*$$+#ÿ4ÿ7ÿ86ÿ64ÿ444ÿ646ÿ 94846ÿ78ÿ864ÿ8ÿÿ64ÿ67874&54ÿ8ÿ7ÿ>+ÿ*$$,ÿ%7ÿ48ÿÿ4ÿ 8789ÿ76ÿÿ474ÿ7ÿ8ÿ78&4ÿ6789ÿ64ÿ6ÿ4ÿ47748ÿ8ÿ8748ÿ 744878ÿÿ*$$+ÿ6ÿ7ÿ748ÿ54ÿ?789ÿ8ÿ@45544ÿ":;<#ÿ$76ÿÿ

(12)

3445674ÿ48ÿ9554345ÿ45655ÿ86ÿ85ÿ3845ÿ359ÿ8ÿ45ÿ65489885ÿ8ÿ53675ÿ ÿ45ÿ1ÿ455ÿ3ÿ3ÿ98486ÿ5455ÿ3948ÿ434ÿ59ÿ3ÿ344345ÿ37783ÿ5ÿ 485ÿ434ÿ59ÿ3ÿ34345ÿ6548988ÿ!373ÿ54ÿ3ÿ"ÿ#ÿ45ÿÿ!$%&ÿ7868459ÿ4ÿ '()*+,-**ÿ/+*01ÿ394ÿ3ÿ3ÿ8348ÿ 25ÿ54ÿ3ÿ3"ÿ455ÿ9554ÿ7345ÿ35ÿ38ÿ 4345ÿ8ÿ45ÿ59ÿ8ÿ453ÿ8348ÿ434ÿ!843ÿ54ÿ3ÿ6"ÿ35ÿÿ685ÿ55ÿ48ÿ 8ÿ5ÿ43939ÿÿ4ÿ35ÿ394ÿ43939ÿ35ÿ7757359ÿ345ÿ43ÿ57359ÿ 45ÿ5ÿ3345ÿ8ÿ394ÿ65489885ÿ675ÿ434ÿ53ÿ8+/9:*ÿ394ÿ37783ÿÿ 456343ÿ95454ÿ8ÿ84ÿ95454ÿ45ÿ365ÿ54ÿ58ÿ9ÿ&;;$ÿ675654348ÿ 58ÿ45ÿ67348ÿÿ434ÿ33ÿ4345654ÿÿ5ÿ685ÿ63ÿ8ÿ6773ÿ4ÿ45ÿ 365ÿ3948ÿ545ÿ73ÿ43ÿ8ÿ6773ÿ4ÿ48ÿ9554ÿ3948ÿ53ÿ3ÿ 9554ÿ456ÿÿ 4ÿ48ÿ45ÿ554ÿ434ÿ35ÿ86ÿ&;;$ÿ45754348ÿ4ÿ63ÿ84ÿ5ÿ3ÿ57 58ÿ4ÿ53ÿ8ÿ45ÿ2ÿ<ÿ384ÿ6ÿ38ÿ3ÿ785ÿ5ÿ8ÿ45754ÿ39ÿ 675654ÿ&;;$ÿ=4ÿ3ÿ4ÿ3ÿ8ÿ675654ÿ394ÿ43939ÿ&;;>"ÿ!843ÿ54ÿ3ÿ 6"ÿ95587ÿ45ÿ553ÿ3654ÿ434ÿ3ÿ7757359ÿ37783ÿ48ÿ&;;$ÿ985ÿ84ÿ -?+9+,@A-ÿAB-ÿ/C?-ÿC8ÿ'/)?-*1ÿ#4539ÿ3ÿ7757359ÿ37783ÿ48ÿ&;;$ÿÿ54ÿÿ

5886ÿ354ÿÿ3ÿ3948ÿ95587ÿ7BC)*-ÿ'DC/0+,Eÿ/)?-*1ÿ8C/ÿAB-ÿ8454ÿ 45754348ÿ39ÿ675654348ÿ8ÿ43939ÿ!843ÿ54ÿ3ÿ6ÿ633"ÿ4345ÿ434Fÿ '#4ÿÿ84ÿ55ÿ48ÿ5ÿ84ÿ5545ÿ8ÿ38434ÿ39ÿ3948ÿ48ÿ85ÿ4ÿ775ÿ 8ÿ3ÿ93748793ÿ3ÿ;484ÿ8ÿ45754ÿ39ÿ675654ÿ&;;$ÿÿ3ÿ5886ÿ3ÿ48ÿ 5ÿ9553459ÿ48ÿ4839ÿ8ÿ3573975ÿ38434ÿ39ÿ3948ÿ8ÿ538ÿ8ÿ55"Gÿ 4ÿÿ785ÿ8ÿÿ85ÿ5ÿ35ÿ863459ÿ84ÿ8ÿ7751ÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 6ÿH537%8Iÿ54ÿ3ÿ6J"ÿ2355ÿ54ÿ3ÿ66"ÿK8ÿ6"ÿ5784ÿ434ÿ384ÿ6ÿ38ÿ5ÿ86348ÿ 4588ÿ456ÿ48ÿ43939I5ÿ45ÿ675654348ÿ8ÿ394ÿ65489885ÿ39ÿ434ÿ6ÿ38ÿ43939I5ÿ45ÿ 98654348ÿ8ÿ394ÿÿ5548ÿ4567345ÿ8ÿ85ÿ7375ÿAB@Aÿ-9(-LÿAB-ÿ@)L+Aÿ8+/9:*ÿ9-ABCLC?CEMNÿ O5ÿ 66Pÿ+L-,A+8+-*ÿAB-ÿ8C??CD+,Eÿ*C8AD@/-ÿQ/CL)RA*SÿTUVW:*ÿTXC/?LYVZÿU/+R-D@A-/BC)*-[CCQ-/*:ÿ \]^_`aa]b\cÿ39ÿdefgh]ij]klmn]\cZÿ@,Lÿo/,*AÿpÿqC),E:*ÿdefgh]ij]r]s\ctÿÿ

(13)

ÿ 34567ÿ84797ÿ5ÿ97ÿ57ÿ5ÿÿÿ84ÿ5ÿ847ÿ9768576ÿ97ÿ955677ÿ 5879856ÿ556ÿ97985ÿ89ÿ!"#$ÿ847ÿ%5ÿ&ÿ85ÿ59ÿ'566ÿ8566ÿ5ÿ58ÿ 87ÿ8ÿ776ÿ84759ÿ'ÿ547ÿ'9(5ÿ967ÿ77ÿÿÿ8566ÿ97)597ÿ 57967ÿ*78ÿ5ÿ58799785ÿÿ567785ÿ85ÿ89ÿÿÿ9768$ÿ74ÿ %5ÿ&ÿ59ÿ4ÿ58ÿ'ÿ547ÿÿ57ÿ848ÿ5ÿ7ÿ587966ÿÿ58ÿ589ÿ5ÿ847ÿ576ÿÿ +ÿ5668987ÿ845ÿ58$ÿ'7ÿ47ÿ578557ÿ847ÿ66'5ÿ9978ÿ98ÿ7767ÿÿ 74ÿ%5ÿ&ÿ85ÿ59ÿ9ÿ58796ÿ7ÿÿ58ÿ8,ÿ -./0122.3ÿ 56789::6ÿ<6=>?9=@7ÿA9BC@CDÿ488,EE'''765887EE8746599#ÿÿ

56789::6ÿ F8@GH@Iÿ 488,EE'''765887E57'E7JEE7957E58787995795(

7957E!556887788796K89658E8589 K585E1LM7N71OOOMPPKQOMMMMM&RMM"K"S48#ÿ ÿ TUVW2ÿXÿY0ZV[3ÿÿ \78B@7ÿ]==8^?:9?_ÿ@?Gÿ]^G9:9?_ÿ`?a8CH@:98?ÿ<887ÿb\]]`<cÿ 488,EE'''7EdE7E7957E97E97e757fg98 hf6576685585985+6#ÿ ÿ ijkl3ÿÿ ]==8^?:9?_ÿF6m6@C=>ÿn?79?6ÿ 488,EE'''(E66E7E34837SE58E7E8597794657o#ÿ ÿ jU1p.qr2.Us0ZW.t00u.UW3ÿÿ ]==8^?:9?_ÿ\^9G6mÿÿ 488,EE'''5978'EK!fS597837EK896679*vwK7xQ"yyyzzh#ÿ ÿ g4ÿ%5ÿ&ÿ59ÿ7o65586ÿ887ÿ848ÿ84759ÿ98ÿ979778ÿÿ57ÿ9ÿ847ÿ 587997885ÿÿ6585ÿÿÿ!9ÿ7o67$ÿg98ÿ{ÿhÿ498795|7ÿ84759ÿ98ÿ ÿÿ66ÿ657ÿ9797ÿ9ÿ85ÿÿ585ÿ89$ÿ'454ÿ979778ÿg98ÿ{ÿ h}~ÿ5879978857ÿ57ÿ9ÿÿ$ÿ5879856ÿ$ÿÿ8479ÿÿ87ÿ S765887ÿÿ58ÿ+7456ÿd599ÿ957ÿ5879978857ÿ57ÿ9ÿ$ÿÿeQÿÿ

(14)

456ÿ7849ÿ546ÿ785ÿ856ÿ9ÿÿ7849ÿÿÿ856ÿ 48947ÿ486554ÿ6ÿ5ÿ4455ÿ5ÿ54ÿ454ÿÿ65996 ÿÿ !4ÿ8547ÿ46ÿ474ÿ99ÿ56ÿ546ÿÿ45ÿ86ÿ"ÿ54ÿ 8945ÿ65ÿ5ÿ6ÿ49ÿ6ÿÿ5ÿ6ÿ454ÿ5ÿ54ÿ456 ÿ#ÿ5ÿ96ÿ 456ÿÿ4$ÿ5ÿ"ÿ8647ÿ54%ÿ'()*+,%ÿ-../ÿ0(*)'123ÿ4%,)(2+ÿ*1ÿ4%34'%*10ÿ5*1'12*'6ÿ 65556 ÿ736,*++3ÿ83291*2'6ÿ:*;%'%<ÿ9'ÿ'ÿ(;2%*4+*,1ÿ4%*23ÿ,5ÿ=>?@@@?ÿ'1)ÿA%1+ÿBÿC,(10ÿ -6,;'6ÿ.22,(1+*10ÿ'1)ÿ.()*+*10ÿD15,%E'+*,1ÿ8,,6ÿF-..D8Gÿ9'ÿ'ÿ;'3ÿ4%*23ÿ,5ÿ=HI@JÿK/L-ÿ M8547ÿN6ÿO4ÿ46ÿ6ÿ4"ÿ"ÿ68"6454ÿ9ÿ4586P6ÿ 496ÿ54ÿ8547ÿ78496ÿ"ÿ68"6454ÿ587ÿ456ÿPQO945ÿR5$ ÿ#ÿ99454ÿ8ÿ 94686646ÿ45ÿS47ÿTÿ54546ÿÿ55ÿÿÿÿ8547ÿ4668ÿ466ÿ4ÿ5ÿ 54ÿÿ44ÿ56ÿ5ÿPQOÿ4ÿ5ÿ6$ÿ7849ÿÿ5ÿU4ÿ 734'%+E31+ÿ,5ÿ+93ÿ5*%EÿV*0ÿWÿ'()*+,%JXÿ Uÿ$47ÿ86ÿÿS47ÿTÿ89456ÿÿÿ455ÿ46ÿ587ÿ4ÿMMÿ46ÿ 544Y9ÿ9ÿ459ÿ"ÿ"5ÿ89456ÿ9ÿ54ÿ456ÿÿ454ÿ5ÿZ459ÿ[556ÿ 45ÿ456ÿ78"ÿÿ445ÿ8\"69ÿ65996 ÿUÿ865ÿ46ÿ55ÿ5ÿ46ÿ45ÿ5ÿ 6ÿS47ÿTÿ8547ÿ4ÿ6ÿ54ÿ8945ÿÿÿ4$ÿ5ÿ455ÿ9ÿ45ÿMMÿ4ÿ 5ÿ6ÿÿ48947ÿ5ÿÿÿ5ÿ8945ÿ4ÿ47ÿMMÿ9ÿ95547ÿMMÿ 464546ÿÿ456ÿ45ÿ587ÿ5ÿ46ÿ65994Y9ÿ8945ÿ597 ÿÿ U86ÿ4ÿ5ÿÿ8945ÿ65ÿ56ÿÿ54ÿ456ÿ44ÿ56ÿÿ689ÿ "6ÿ75ÿ6465ÿ4ÿ5ÿ44ÿ65556ÿÿ5ÿ46ÿ4ÿ5ÿ6ÿ49865\ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ XÿUÿ465ÿÿ4\86ÿ86ÿ46ÿ6859ÿ"ÿM45ÿ5ÿÿ]^22_`ÿÿ465475ÿ8547ÿÿ547ÿ66ÿ 9ÿ68"6a85ÿ65556ÿÿ5ÿ46547ÿÿ56ÿ66 ÿU"ÿTÿÿ54ÿÿ866ÿÿ8945ÿ49ÿ56ÿ 9ÿ9ÿ496ÿ66554ÿ946ÿ"5ÿ8945ÿ456ÿ4ÿ5ÿa8ÿÿ65556ÿ55ÿ59ÿ 6ÿ8547ÿ6 ÿU46ÿ4947ÿ6877656ÿ55ÿ89456ÿ9ÿ945ÿMMÿ455546ÿ45ÿ65ÿ5ÿ6ÿ 8547ÿ4ÿ6859ÿ4ÿ945ÿ56ÿÿ68"6a85ÿ45ÿ65556 ÿÿ

(15)

3456ÿ578948ÿ3ÿ4ÿ54ÿ9ÿÿ5789ÿ96ÿ64594ÿÿ96596ÿ9ÿÿ89464ÿ9ÿÿ5789ÿ 96ÿ464ÿ4ÿ44ÿÿ34ÿ9ÿ658948ÿ553ÿ76ÿ96ÿ349ÿ9ÿ546594ÿ6ÿ9ÿ !ÿ "ÿ596ÿÿ594ÿ578948ÿ3ÿ4ÿ54ÿ9ÿÿ5789ÿ96ÿ9ÿ54ÿ64ÿ 5654ÿ4569ÿ5ÿ5ÿ596ÿÿ594ÿ578948ÿ3ÿÿ89464ÿ9ÿÿ5789ÿ96ÿ ÿ #4$8ÿ4ÿ5ÿ%&'11(ÿ9ÿ7ÿ5ÿ94ÿ565993ÿ9ÿ4ÿ849648ÿ74ÿÿ 589ÿ5ÿ4ÿÿ796ÿ579ÿ58568ÿ79693ÿ54ÿ84ÿÿ445693ÿ647ÿ9ÿ 565993ÿ)ÿ569756ÿ4ÿ58568ÿ58ÿ974ÿ674ÿ7ÿ5ÿ4ÿ5973ÿ 94448ÿ*9ÿ458ÿ7ÿÿ6489ÿ5ÿ4ÿ9595ÿ544ÿÿ5ÿ596ÿÿ96ÿ9ÿ4ÿ 54ÿ9ÿÿ57896ÿ9ÿ54ÿ5ÿ64546ÿ565993ÿ5ÿ9595ÿ544ÿÿ5ÿ596ÿÿ96ÿ 9ÿ4ÿ54ÿ9ÿÿ57896ÿ4574ÿ9ÿÿ57896ÿ564ÿ5646ÿ43ÿ54ÿ5ÿ64546ÿ5593ÿ ÿ976ÿ4ÿ9+48ÿÿ944ÿ9ÿ5789ÿ665ÿ58ÿ974ÿ674ÿ6ÿ946649ÿ58ÿ 9449ÿ,""-ÿ67ÿ./01234156ÿ894:06430;<=ÿ>48ÿ4574ÿ9ÿÿ57896ÿ54ÿ5ÿ 5646ÿ58ÿ64ÿ894648ÿ5ÿ43ÿ54ÿ64546ÿ9494?448ÿ6ÿ5ÿ6ÿ5ÿ546ÿ 96ÿ$6ÿ44ÿ645ÿ4ÿ6489ÿ5ÿ9ÿÿ5789ÿ96ÿ9ÿ54ÿ5ÿ64546ÿ34ÿ44ÿ5ÿ 9ÿÿ5789ÿ96ÿ$953ÿ946ÿ@7593ÿ57896ÿ564ÿ64ÿ9A43ÿÿ6643ÿ53ÿ 579ÿ58568ÿ58ÿ696ÿ64456ÿ5ÿ78ÿ5ÿ9ÿÿ57896ÿ564ÿ59548ÿ9ÿ 46@7593ÿ578948ÿ4569ÿ%*4ÿ58ÿBÿ1CCDEÿ4A46ÿ4ÿ5ÿ1CCFEÿ$659ÿ4ÿ5ÿ1CCC(ÿ

4574ÿ5546ÿ54ÿ4+9993ÿ9ÿ4ÿ5959ÿÿ579ÿ58568ÿ565993ÿ9ÿ 4ÿ64546ÿ5ÿ594ÿ9ÿ9ÿÿ57896ÿ4574ÿ4ÿ579ÿ58568ÿ564ÿ5948ÿÿ 5ÿ64ÿ94ÿ58ÿ664ÿ59ÿ*7ÿ4ÿ6489ÿ964548ÿ9595ÿ544ÿ565993ÿ 6ÿ96ÿ9ÿ9ÿÿ57896ÿ58ÿ4ÿ48ÿ349ÿ9ÿ546594ÿ6ÿ9ÿ Gÿ "ÿ596ÿÿ594ÿ578948ÿ3ÿ4ÿ54ÿ9ÿÿ5789ÿ96ÿ9ÿ54ÿ64ÿ 5654ÿ4569ÿ5ÿ5ÿ596ÿÿ594ÿ578948ÿ3ÿ4ÿ54ÿ9ÿÿ5789ÿ96ÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿ*464ÿ9ÿ5ÿ49844ÿ5ÿ98946ÿ5789ÿ96ÿ9ÿ595ÿ6594ÿ6984ÿ946ÿ@7593ÿ5789ÿ5ÿ546ÿ 9ÿÿ96ÿ%$659ÿ4ÿ5ÿ1CCC(ÿ58ÿ9ÿ4ÿ>Hÿ4698ÿ4ÿ7894ÿ646ÿ5ÿ5789ÿ@7593ÿ894644ÿ 54ÿ56648ÿ444ÿ4ÿ9ÿÿ96ÿ58ÿ98946ÿ96ÿ%4ÿ4ÿ5ÿ&'1'EÿI54ÿ4ÿ5ÿ&'1D(ÿ

(16)

4445ÿ78987ÿ894ÿ ÿÿÿ ÿ ÿÿ!"ÿ ÿ#1$ÿ%ÿ ÿÿ ÿ&ÿ'ÿ(ÿ(ÿ#)ÿ"ÿ*ÿ1++,$-ÿÿ#2$ÿ ÿ ÿ'ÿÿ#&$ÿÿÿ#. ÿÿ/ÿ2012-ÿ1ÿ2ÿÿ/ÿ2011$/3ÿ4ÿ ÿ51ÿ6ÿ("ÿÿÿ ÿ"ÿ(ÿ "ÿ#1$ÿÿÿ%ÿÿ'ÿ (ÿ'ÿ'%7ÿ"ÿ "ÿ#2$ÿÿÿ ÿÿ'ÿÿ'ÿ'%ÿÿ /ÿ2ÿ(7ÿ"ÿÿ&"ÿÿ8ÿÿ ÿ9:;<92;ÿÿ(7ÿ6ÿ(ÿÿ("ÿ '="ÿ''ÿ"ÿÿÿ'ÿÿ(ÿÿ6ÿ("ÿ'ÿ/ÿÿ 8>?@A@BCDÿEFGEGÿHIÿJÿ ÿ KLMMNONPQNRÿLPÿTQQOUTVRÿ ;(ÿ'ÿ ÿÿÿ(ÿÿÿÿ=ÿ ÿÿ'ÿ Wÿ'ÿ(Xÿ'ÿÿ'ÿ'ÿÿ ÿÿ"(7ÿÿÿÿÿÿ7ÿ "ÿÿ("ÿ'/ÿ4 ÿ ÿÿ"ÿÿ"ÿ="ÿÿÿ ÿ ÿ ÿ="ÿÿÿ%ÿ&ÿ'ÿ(ÿ(ÿ( ÿÿ

(ÿÿY(ÿ"ÿÿ(ÿÿ&ÿ%(ÿ&ÿÿ'%'ÿ

ÿ(ÿ#)ÿ"ÿ*ÿ1++,-ÿ*"ÿ"ÿ*ÿ2002$/ÿ;(ÿ ÿÿ(ÿ ÿ=ÿ ÿ6ÿÿ=ÿ("ÿÿÿ(ÿ'ÿ&ÿÿÿ ÿ"ÿ ÿ&ÿ'ÿÿ6ÿÿÿ(/ÿÿ ;(ÿÿ=ÿ(ÿ(ÿÿÿ ÿÿÿ'ÿÿ ÿÿ (Zÿÿ"ÿ"ÿÿ ÿÿ( ÿ6 ÿÿÿ( ÿÿ("ÿÿ ÿ"ÿ''ÿ/ÿ4 ÿÿÿ ÿ6ÿ'ÿÿ ÿÿ"(ÿ"ÿ7ÿ "ÿ(""ÿÿ ÿÿ.ÿ,ÿ("7ÿÿÿ8ÿÿ &ÿ ÿÿÿ'ÿ(ÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 3ÿ[ÿ&ÿ ÿ(ÿ ÿÿ'ÿ(ÿÿ ÿ#." 6ÿ"ÿ\ÿ200]-ÿ." 6ÿÿ /ÿ2011$/ÿ^ÿ"ÿÿ(ÿÿ ÿ(ÿ'ÿ"ÿ"ÿ&ÿÿ(ÿ "ÿ /ÿÿ

(17)

45678998ÿ57ÿ9ÿ4759ÿ95ÿ45ÿ9ÿ4ÿ9ÿ84ÿ89ÿÿ479ÿ8ÿ45ÿ

67598ÿÿ9ÿÿÿ9ÿ4748ÿ89797ÿÿ98ÿ8ÿÿÿÿ

84ÿ94ÿ949ÿÿ9ÿ8ÿ9ÿ59ÿ47598ÿÿ9ÿ9ÿÿ4759ÿ89ÿÿÿ

45 5ÿ44ÿ!ÿ487ÿ9ÿ849ÿÿ4748ÿ48ÿ8"ÿ

#$%%&'()*+&,--./*+0$1)ÿ3ÿ48ÿ4'()*+&,--./*+0$)ÿ5ÿ'()*+&,--./*+01)67ÿ 418ÿ

ÿ#$%%&'()*+&,--./*+0$1)ÿ8ÿ9ÿ4879ÿ947ÿÿ9ÿ5ÿ9ÿ85ÿ994ÿ4748ÿ ÿ:48ÿÿ9ÿ84ÿ;<=ÿ9:59ÿ5789ÿ48849ÿÿ4ÿ)>ÿ!ÿ4749ÿ98ÿ 449ÿ9ÿÿ4ÿÿ$ÿ45ÿÿ1ÿ48ÿ49ÿÿ?ÿ8ÿÿ9ÿ84ÿ 5789ÿ45ÿ84ÿ4ÿ!ÿ9ÿÿÿ754948ÿ45ÿ@78ÿ88ÿ478ÿ 7ÿ4488ÿ@48ÿ:48ÿ9ÿ9ÿ84ÿ5789ÿ45ÿ4ÿÿ9ÿ4748ÿ89797ÿ 875ÿÿ84ÿ98ÿ478ÿÿ 94ÿ4748ÿ4ÿ47495ÿ48ÿ9ÿ5ÿ9ÿÿÿ@9454ÿ98ÿ 45ÿ48ÿ8ÿÿ498ÿ4567895ÿÿ48ÿ8ÿÿ@9454ÿ98ÿ4<AÿBÿ4CD=Eÿ BÿF<GC=88ÿ845ÿÿÿÿ4ÿ994ÿ48898ÿ!ÿ78ÿ9ÿ84ÿ44ÿ9ÿ4749ÿ 58ÿÿ44ÿ4748ÿÿÿ4ÿ#$%%&,HI&,--./*+0$1)>ÿ4ÿ4748ÿ4ÿ 47495ÿ78ÿ9ÿJ8ÿ41KK18ÿ5ÿÿ5894ÿ4748ÿ9ÿ9ÿÿ 9478ÿ4ÿ4L94ÿ9ÿ4ÿMNNO8ÿP988ÿP1ÿ598ÿ949ÿ44ÿ 894998ÿÿ:48ÿÿ9ÿ84ÿ5789:4ÿ9ÿ9ÿ84ÿAÿQÿ4759ÿÿ9ÿ4ÿ ÿ84ÿ474ÿ89797ÿ45ÿ9ÿÿ49ÿ84ÿ58ÿÿ9ÿ994ÿ4748ÿ 45ÿ44ÿ4748ÿ

RSTUVUWXÿZ[\STVS]V[Uÿ

ÿ85ÿ4ÿÿ487ÿ479ÿ449ÿ8ÿ9ÿ5ÿ9ÿÿ48ÿÿ

(18)

45567489ÿ97ÿÿÿ8ÿ7ÿ7ÿ464ÿ94ÿ87ÿ48ÿ9ÿ4886468ÿ 68ÿ989ÿ4ÿ8456ÿ4ÿ6ÿ7ÿ56756ÿ796ÿ94ÿ875464ÿ9ÿ588ÿ 45567489ÿÿ57ÿ77ÿÿ6487ÿÿ4ÿ 11!"ÿ9646ÿ#$"ÿ97ÿ46ÿ 875464ÿ4ÿ9ÿ%6ÿ7ÿ989ÿ46%ÿ76ÿ7ÿ6ÿÿ9ÿ4ÿ6ÿ8746ÿ76ÿ &ÿ77%ÿ#$"ÿÿ46ÿ9ÿÿ7ÿ874648ÿ4ÿ9ÿ4ÿ'(ÿ67ÿ9ÿ 77%ÿ6%67)ÿ *+,-.-/0.1ÿ345.6ÿ7ÿ48.6ÿ*+,-.-/061ÿ7ÿ9.61ÿ !ÿ 96ÿ*+,-.-/0ÿÿ87ÿ76ÿ:647646ÿÿ76ÿ6ÿ.ÿ4ÿ6ÿ6ÿ76ÿ;466ÿ1ÿ84ÿÿ 464%ÿ74ÿ4ÿ7ÿ489ÿ6ÿ9ÿ7ÿÿ;47ÿ!ÿÿ4ÿ76ÿ1&ÿ878ÿ ;466ÿ1ÿ76ÿ4ÿ;ÿ546ÿ7ÿ6ÿÿ9ÿ4ÿ%ÿ<=>ÿ6ÿ?ÿ46ÿ9ÿ 4887%ÿ875464ÿ7ÿ6ÿ.ÿ4ÿ6ÿ6ÿÿ;47ÿ!ÿ4ÿ9ÿ4ÿ'(ÿ67ÿ9ÿ 6%67"ÿ9646ÿ666ÿ7ÿ4ÿ46%ÿ875464ÿ874647"ÿ76ÿ*@ABCD@AEÿF%96ÿ 4ÿ7ÿ*@ABCD@AEÿ84ÿ%646ÿ46%ÿ875464ÿÿ6546ÿF579ÿ F1ÿ568ÿ94ÿ46%ÿ874647ÿÿ%646ÿ76ÿ6546ÿ9ÿ9ÿ4ÿG%ÿ2ÿ476Hÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ &ÿ#$ÿ%%ÿ7ÿ45567489ÿ76ÿ46%ÿ875464"ÿ4ÿ45567489ÿ4ÿ7ÿ9ÿ46ÿ7ÿ9ÿ455%ÿ7ÿ 46%ÿ7ÿ78Iÿ66ÿ4867ÿ6"ÿ4ÿ4ÿ45567489ÿ4ÿ7ÿ9ÿ874647ÿÿ46%ÿ4867ÿ6ÿ?ÿÿ9ÿ 46ÿ45567489ÿÿ76ÿ"ÿ9ÿ46%ÿ874647ÿ68"ÿ84ÿÿÿ4ÿ76ÿ68ÿÿ7ÿ9ÿ46%ÿ94ÿ 65ÿ76ÿ9579ÿJÿK4%ÿÿ4ÿ 1 !ÿ57ÿ7"ÿ9ÿ#$ÿ875464ÿ68ÿ7ÿ455%ÿ46%ÿ7ÿ 78Iÿ66ÿ46ÿ996ÿ46%ÿ46ÿ46ÿ8456%ÿ9ÿ6%ÿ8778"ÿ9ÿ4ÿ46%ÿ 874647ÿ68ÿ8456ÿ49%ÿ94ÿ864ÿ46%ÿ46"ÿ6%46ÿ7ÿ996ÿ9ÿ6%ÿ 8778ÿ46ÿÿ46ÿF579ÿF1ÿÿ76ÿÿÿ65ÿÿ9ÿ8785ÿ7ÿ476ÿ94%ÿ97ÿ 6ÿ989ÿ84ÿ9ÿ7ÿ57ÿ9ÿ4ÿ4887%ÿ8978ÿ7ÿ96ÿ8"ÿ6%46ÿ7ÿ9ÿ6%ÿ 8778"ÿ989ÿ4ÿ7ÿ874647ÿÿ46%ÿ76ÿ9ÿ647ÿÿÿ9ÿ46%ÿ874647ÿ68ÿ4ÿ7ÿ7ÿ 46ÿ875464ÿ4ÿ7ÿ9ÿ46ÿ7ÿ9ÿ455%ÿ7ÿ46%ÿ7ÿ78Iÿ66ÿ84ÿÿÿ4ÿ 44ÿ6ÿ8768ÿÿ Hÿ9ÿ46%ÿ874647ÿ68ÿÿ;466ÿ46%ÿ44ÿ4ÿ9ÿ764ÿ8ÿ7ÿ9ÿ476ÿ7ÿ 875464ÿ4ÿÿ4I6ÿÿ;466ÿ44ÿ87546ÿ7ÿ44ÿ46%ÿ84ÿ7ÿ9ÿ44ÿ46%ÿ46ÿ 8ÿ7ÿ4ÿÿ875ÿ4ÿG67ÿ4ÿL7ÿ H!ÿ=ÿ8764"ÿ6ÿ46%ÿ6ÿ76ÿ9ÿ6ÿ96ÿ ;466ÿ46ÿ5ÿ6ÿÿ9ÿ476ÿM6ÿ9ÿ%64ÿ6576%ÿ7"ÿ769ÿ;466ÿ46%ÿÿÿ ;4ÿ7ÿ44ÿ46%ÿÿ9ÿÿ7ÿ9ÿ6ÿ96ÿ;466"ÿ7ÿ9ÿ769ÿ;466ÿ46%ÿ84ÿÿ47ÿ7ÿÿ 7ÿ9ÿ58ÿ4ÿ76ÿ5676;466ÿ47ÿ6676ÿ?9ÿÿ84ÿ:58ÿ9ÿ476ÿ7ÿ8ÿ9ÿ NOPQRORSTUTNVSÿVXÿYZZ[ÿV\R]ÿT^RÿRSTN]Rÿ_RU]`ÿaRÿbVÿSVTÿRcPRdTÿT^RÿNSXQeRSdRÿVXÿfUebNTÿgT_QRhÿVSÿRU]SNSigÿ 875464ÿ7ÿÿ4ÿ67%ÿÿ;466ÿ44ÿ4ÿÿ7ÿÿÿÿ4ÿ44ÿ46%ÿ9ÿ6ÿÿ4ÿ %ÿ647ÿ?9ÿ44ÿ44ÿ7ÿ76ÿ45567564ÿÿ76ÿ64689ÿ87:"ÿÿÿ7ÿ564884ÿ7ÿÿ44ÿ 44ÿ%ÿ9ÿ7%ÿÿ6ÿ6;6ÿ7ÿ8484ÿ46%ÿ874647ÿ696"ÿ9ÿ%ÿ6476Iÿ6;6ÿ

(19)

4ÿ567897ÿ7769ÿ6ÿ78ÿ899ÿ6769ÿ87ÿÿ77ÿ7ÿ68ÿ967ÿ857ÿ 6976ÿ6ÿ8696ÿ6ÿÿ8ÿÿ76ÿ679ÿ6979ÿ657ÿ669ÿ !ÿ8ÿ8ÿ7ÿ8ÿ9ÿ788ÿÿ7!ÿ8ÿ586ÿÿ6ÿ9ÿ69ÿ"5ÿ79ÿ 97ÿÿ8!ÿ788ÿ69769ÿ6ÿ669ÿ8696ÿ9897ÿ9ÿ6ÿ#869!ÿ 8ÿ6976ÿ6ÿ697856986ÿÿ6ÿ6769ÿ6ÿ"5!ÿÿÿ88ÿ 966ÿ76ÿ$%&'()%&*ÿ#58!ÿ%+&)%&'()%&*ÿÿ878ÿ9ÿ9ÿ897ÿ998ÿ 76ÿ$%&'()%&*ÿ8857ÿ77ÿ9ÿ8-769ÿ./0ÿ8ÿ858ÿ$1234356ÿ7ÿ%+&!ÿÿÿ78ÿ76ÿ6ÿ -78ÿÿ6ÿ6ÿ658769ÿ76ÿ78ÿ8999ÿ6ÿ586ÿ87ÿ8ÿ9!ÿ8ÿ6976ÿ 6ÿ697856986ÿ697ÿ76ÿ879ÿ6769ÿ.7$8)%&*0ÿ6ÿ"5!ÿÿÿ 88ÿ966ÿ76ÿ$%&'()%&*9ÿ#76ÿ879ÿÿ887ÿÿ8696ÿ6ÿ9ÿ 568ÿÿ78ÿ6976ÿ6ÿ78ÿ887ÿ6ÿ989ÿ8696ÿ9897ÿ69ÿÿÿ :;<=;>>?@AÿC@D;E>ÿ F6ÿ898ÿ78ÿ8769ÿ87889ÿ6979ÿ657ÿ9ÿ76ÿ78ÿ8ÿ8778ÿ 78ÿ669ÿGH#ÿ8869ÿ68Iÿÿ

J4KK)8LM1N)OPP2Q1N64RMÿ.J4KK)OS3)OPP2Q1N64RM0ÿTÿUV4RÿWÿUXY1Z[)\45]RMÿWÿU^%L3M2LN6ÿWÿ_4RM9ÿ .`0ÿÿ

$%&'()%&*ÿ4RMÿTÿUV4RWUXY1Z[)\45]RMÿWU^%+&)%&'()%&*WÿUa7$8)%&*ÿWÿU]%L3M2LN69ÿ.b0ÿ

4ÿ787ÿ8ÿ8ÿ69ÿ67ÿM"777ÿÿ6976ÿ6ÿ8786877ÿ9ÿ7ÿ79ÿ 86ÿ788ÿ7ÿ78ÿÿ88ÿ76ÿ6976ÿ6ÿ567897ÿ969"98589898ÿ.c87889ÿ/dde0ÿ f87ÿ8ÿ67ÿ76ÿ789ÿÿ67ÿÿ9ÿ8!ÿ9ÿ76ÿ78978ÿ789ÿÿ9-8ÿ "5gÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 77ÿÿÿ8ÿ78ÿ8ÿ76ÿ68ÿ78ÿ78ÿ88!ÿÿÿ6ÿ8ÿ8ÿ89ÿ9ÿÿ698ÿ78ÿ88ÿ6ÿ 99ÿ7ÿ gÿF8ÿ8589897ÿ8ÿ9ÿ8869ÿ68ÿ.`0ÿÿ7978ÿ7ÿh86!ÿÿ98ÿ879ÿ69769ÿ9ÿ8ÿ76ÿ 8ÿGH#ÿ8776ÿi688ÿ7ÿÿ98ÿ76ÿ8ÿ9ÿ8ÿ9ÿ6ÿ8779ÿÿ8ÿ8ÿ8ÿ8ÿh86"8ÿ 68769ÿj88788ÿ8ÿ6ÿ8778ÿ68ÿ.`0ÿ9ÿÿF67ÿ8869ÿ9ÿ78ÿ87ÿ89ÿ998ÿ

(20)

456ÿ7687699ÿ69ÿÿ69ÿÿÿÿ76ÿ696ÿ98ÿÿ96ÿÿ779ÿ 5ÿ56ÿ56ÿ96ÿ8ÿÿ7ÿ6799ÿ779ÿ5ÿÿ676ÿ8ÿÿ79ÿ696ÿ7ÿ ÿ6 69ÿÿ56ÿ67ÿÿ56ÿ8ÿ!ÿ8ÿ79"ÿ65ÿ8ÿ7ÿ9ÿ766ÿ9ÿ6ÿ 7ÿ56ÿ#679ÿÿ55ÿÿ6 99ÿÿ56ÿ96ÿÿ$7ÿ6 6"ÿÿ7ÿ6ÿ%#ÿ&76ÿ '67596ÿÿ1(()"ÿÿ%#ÿ&7667596*679ÿÿ1((!"ÿ9ÿ766ÿ9ÿ58ÿÿ676ÿ 7ÿÿ65ÿ#67ÿ+,-ÿ/,0120320/24ÿ52ÿ672ÿ892ÿ82-:ÿ;<3=ÿ>?ÿ8,ÿ-2@2-ÿ8,ÿABBÿ,@ÿ89272ÿA6C38,-7Dÿ 4ÿ69ÿE1ÿ6ÿ96ÿ56ÿ7ÿ7%6"ÿFGHIJKLMNOÿ55ÿ9ÿ6ÿ1ÿÿ56ÿ7ÿ7ÿÿ 7ÿÿ79ÿ9ÿ56ÿ96ÿ8ÿÿ7"ÿÿPÿÿ79ÿÿÿ7ÿÿ79ÿ76ÿÿ676ÿ8ÿÿ 79QÿRÿ6ÿÿ6ÿ76ÿÿ686ÿ66ÿÿFGHIJKLMNÿ%696ÿÿ67ÿ6ÿ ÿTLUUJVWXGYJZ[[\]GY^ÿ69ÿÿ967ÿ6766ÿÿ79ÿÿ566ÿ87667ÿ799 96ÿ7%#ÿÿ6789_ÿRÿ79"ÿÿ6ÿ"ÿ6ÿ76ÿÿ96ÿ66ÿ ÿFGHIJKLMNÿ%696ÿÿ7867ÿ6ÿÿ`abcdJabeÿ69ÿ87667ÿ6789ÿ7ÿ 67ÿ6"ÿÿ566ÿ87667ÿ6ÿ96769ÿ7%#ÿÿ6789ÿÿ ÿ ÿf8ÿ6ÿÿgP1Pÿÿÿ5676ÿ9ÿÿ5676ÿ7ÿ67ÿ86ÿ678ÿ 776ÿ7ÿ7%69ÿÿ6ÿÿÿ7687699ÿ5ÿ6 9ÿ6789ÿ7%#"ÿÿ 6ÿ7ÿ7%69ÿ7ÿ9h6ÿÿ%i7i6ÿÿ56ÿ%99ÿ5ÿ5696ÿ7%69ÿ76ÿ6#ÿ 96ÿÿ76ÿ#ÿ%967%6ÿ796ÿ576799ÿ'6ÿ6ÿ5696ÿ7%69ÿ%ÿ 9ÿ7ÿ7ÿÿ67ÿ786ÿÿ567ÿ7%69ÿ66ÿÿ56ÿ6776ÿ5ÿÿ769ÿÿ56ÿ 6789ÿ%666ÿÿ79ÿ%68ÿ97ÿ6ÿÿ6567ÿ6ÿ69ÿ68"ÿ#ÿÿ 679ÿ7ÿ56ÿ769#ÿÿ86ÿ6789ÿ68"ÿ7i6%iÿ7ÿ7ÿ66786ÿ456ÿ ÿ96ÿÿ7ÿ7%69ÿ76jÿ9h6"ÿ66786"ÿ7i6%i"ÿ95ÿÿ7ÿ679"ÿ

(21)

4566768ÿ69ÿ795ÿ5ÿ64768ÿ69ÿ795ÿ5ÿ6ÿ4568ÿÿ6476ÿ59ÿ7ÿ95ÿ 97ÿ677ÿ5ÿ9758ÿ7ÿ7ÿ5ÿ7956ÿ6ÿ95ÿ9ÿ97ÿ66ÿ5ÿ97ÿ57796ÿ5ÿ97ÿ 5954ÿ476ÿ654ÿ7ÿÿ958ÿÿ574ÿ !ÿ7ÿ465ÿ47ÿ97ÿ4774ÿ5ÿ46ÿ6ÿÿ 7779ÿ47ÿ95ÿ5954ÿ5ÿ97ÿÿ5ÿ5ÿ9ÿ767ÿ99ÿ4ÿ47746ÿ7ÿ 566ÿ95ÿ4797476ÿ"77ÿ79ÿ4ÿ1#$ÿ%6ÿ79ÿ4ÿ1!ÿ&77578ÿ77665ÿ574ÿ !ÿ 7'76ÿ797ÿ956ÿ7ÿÿ779ÿ5ÿ97ÿ549ÿ5ÿ76ÿ99ÿ6ÿ7794ÿ95ÿ 97ÿ779ÿ5ÿ46ÿ(49ÿ)7ÿ465ÿ47ÿ69ÿ'7ÿ7796ÿ9ÿ97ÿ95*9ÿ+,ÿ 69ÿ46695ÿ6ÿÿ97ÿ5954ÿ5ÿ97ÿÿ97696ÿÿ59794ÿ5997ÿ 476ÿ&769ÿ476ÿÿ5954ÿ476ÿ7ÿ77ÿÿ97ÿ-7'ÿÿ +7ÿ97ÿ7779ÿ47ÿ6ÿ4497ÿ7ÿ7ÿ.ÿ5ÿÿÿ5ÿ6ÿ/ÿÿ08ÿ97ÿ 5954ÿ476ÿ69ÿ465ÿ5954ÿ5ÿ74ÿ97696ÿ5ÿ97ÿ*ÿ/ÿÿ01ÿ%5445ÿ 5ÿ767ÿ99ÿ6ÿ67ÿ6ÿ5ÿ68ÿ7ÿ5954ÿ5ÿ59ÿ97ÿ234325ÿÿ6/773839:35ÿÿ* ÿ97696ÿ%6ÿ79ÿ4ÿ;<<$ÿ7ÿ%5ÿ79ÿ4ÿ;<11!ÿ%5ÿ97ÿ776656ÿÿ7ÿ =/77>[email protected]>B::8CA25/0.ÿÿ=/77>BE9>B::8CA25/0.ÿ6ÿ97ÿ7779ÿ47ÿ7ÿ5954ÿ5ÿ234325ÿ ÿ797ÿ97ÿÿ47ÿÿ7ÿ7ÿ.ÿ5ÿ97ÿ7ÿ5954ÿ476ÿ5ÿÿ/ÿÿ01ÿ1<ÿ &7ÿ6/773839:35ÿ7ÿ767ÿÿ97ÿ65497ÿ476ÿ5ÿ74ÿ7776ÿÿ97ÿ5954ÿ47ÿ 476ÿ5ÿÿ/ÿÿÿ01ÿ%5ÿ97ÿ776656ÿÿ7ÿFGHIJ>GHKÿ6ÿ97ÿ7779ÿ 47ÿ7ÿ5445ÿ97ÿ67ÿ5ÿL5778ÿ5ÿ9767ÿ7766568ÿ97ÿ7779ÿ47ÿ6ÿ 56997ÿ5ÿ97ÿ57495ÿ5ÿ76ÿ566ÿ1Mÿ56797ÿ(976ÿ5ÿ*6ÿ)7ÿ 97757ÿ76997ÿ97ÿ77ÿ5ÿ7ÿ5954ÿ47ÿ5ÿ7ÿÿ/ÿÿ7ÿÿ0ÿ566ÿ97ÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿ77665ÿ !ÿ6ÿ=/77>?@.A2>B::8CA25ÿ6ÿ97ÿ7779ÿ478ÿ7ÿ47ÿ6ÿ45ÿ5ÿ57956ÿ95ÿ 5954ÿ5ÿ6ÿ45ÿ7946ÿ%5ÿ97ÿ77665ÿÿ7(95ÿN!ÿ6ÿFGHIJ>GHKÿ6ÿ97ÿ7779ÿ 478ÿ7ÿ47ÿ97ÿ47ÿGOH>GHIJ>GHKÿ95ÿ5954ÿ5ÿ6ÿ45ÿ7946ÿ 1<ÿ-6ÿÿ49797ÿ59548ÿ7ÿ67ÿ97ÿ77ÿ47ÿÿ7ÿ7ÿ.ÿ5ÿ97ÿ7ÿ5954ÿ476ÿ5ÿÿ/ÿÿ ÿ01ÿ&6ÿ656ÿ64ÿ76496ÿ95ÿ797ÿ97ÿÿ5ÿ7ÿÿÿÿ44ÿ54656ÿ7ÿ97ÿ67ÿÿ

(22)

45667895ÿ1ÿ6768ÿ7ÿ87ÿ7678ÿ5ÿ74ÿ6ÿ5ÿ45864ÿ7ÿ767ÿÿ 7ÿÿ767478ÿÿ787ÿ767ÿ78ÿ67ÿ87ÿ5ÿ45864ÿ7ÿ76747ÿ764ÿÿ ÿ !"#$ÿ$#$%&'(ÿ ()ÿ) & ÿ ÿ ÿ*+,-.ÿ/012345/3601ÿ 7ÿ77ÿ8ÿÿ5988ÿ5787658ÿ56ÿ:598ÿ68ÿ4569567ÿÿ7ÿ;<ÿ 8ÿÿ65ÿ1=2>ÿ65ÿ?@11ÿ7ÿ87ÿ8ÿ9765ÿ77487ÿ87ÿ6767ÿA:8ÿB588ÿ65ÿ C97658DÿFGÿFÿHIJKLIMÿNFLOFPMQÿÿ85ÿ5ÿ7867ÿ5ÿ4468ÿR768ÿ8ÿ48ÿ588Sÿ ÿ8ÿÿ7747ÿ77ÿÿ1=2>ÿB558ÿT7ÿB645ÿ7ÿÿR?@11Sÿ87ÿ67ÿ68ÿ8ÿ 84ÿU76ÿ78ÿÿV64ÿW7ÿ<797776ÿÿT747776ÿ7ÿ67ÿ5Uÿ5787658ÿ8ÿÿ 78ÿ?@ÿ68ÿÿÿ7ÿ859ÿ86Uÿÿ777ÿ68ÿ8ÿ78ÿ45ÿ

AXCYTZ[\DÿAXCYTZ[\<DÿA]T^DÿA967689DÿAY_DÿAYY_Dÿ7ÿ85ÿ777ÿÿ68ÿ 84ÿ67956ÿ77ÿ5ÿ8878ÿ56ÿ5ÿ8878ÿ788ÿÿ`1@ÿ5ÿÿ69U76ÿ5787658ÿ

ÿÿU76ÿÿ84ÿ7ÿ6ÿ88478ÿ8ÿ56ÿB676ÿ7ÿ897ÿ8ÿ45867ÿ7Uÿ7ÿ

7Uÿ5ÿA:8ÿB588ÿ65ÿC97658Dÿ8ÿ57ÿ757ÿBUÿ87ÿ8856a7ÿÿ

4558ÿ6778ÿÿ1ÿ97647ÿÿ==ÿ97647ÿÿ ÿ 7ÿ77ÿ8ÿ7ÿ4468976747ÿ897ÿÿ84ÿÿ68ÿÿÿ86U9U76ÿ67ÿ 7b87Uÿ967ÿB56ÿ7b97ÿÿ767ÿ67ÿ677ÿ68ÿ]ÿcÿÿ:ÿ7ÿ7ÿ69968ÿ85ÿ 77ÿ]9cÿc9:ÿÿ]9:ÿd7ÿ768ÿ459577ÿ788ÿ67ÿ787ÿ5ÿÿ87897ÿ5ÿ7ÿ 44689767478ÿ897ÿ<9744Uÿ87ÿe779ÿ5Uÿ587ÿ68ÿ65ÿ7ÿ4468976747ÿ 897ÿÿ7ÿÿ56ÿÿ6778ÿ56ÿ1ÿ458747ÿ6768ÿÿÿÿ5ÿ47ÿ 568ÿ6ÿ7ÿ1ÿ676ÿ9765ÿ]ÿ6996ÿ68ÿ7768ÿ7ÿ897ÿ87ÿ1ÿ458747ÿ 6768ÿ5ÿÿ68ÿ774578ÿ77ÿd5ÿ77ÿUÿ45476ÿÿ676ÿ5ÿ7ÿ6578788ÿ5ÿ

(23)

456ÿ7ÿ8494848ÿ6ÿ86ÿ9ÿ86948ÿ45ÿ69ÿ69ÿ68ÿ4ÿ4946ÿ 68ÿ6ÿ6666ÿÿ6ÿ46811ÿÿ ÿ456ÿ896ÿ6ÿ4566ÿ66ÿ8669ÿ94ÿÿ668ÿÿ9ÿÿ46848ÿ6ÿÿ 96ÿ98ÿÿ8ÿ946ÿÿ456ÿ896ÿ941ÿ 58ÿ598ÿÿ664ÿÿ456ÿ998ÿ46848ÿ 55ÿ96ÿ986ÿÿ69ÿ888649ÿ949ÿ!66ÿ4ÿ68ÿ684ÿÿ9ÿ66ÿ896ÿÿ 456ÿ"#$%&'#$(ÿ9988ÿ6986ÿ458ÿ64ÿ6*68ÿÿ+ÿ4ÿ596ÿ456ÿ896ÿ6,94ÿ94ÿÿ 988ÿ9ÿ69ÿ-1.*946/ÿ6ÿÿ 01234567581ÿ27:7527532ÿ 96ÿ1ÿ;96ÿ<ÿ648ÿ6846ÿ8494848ÿÿ9ÿ9968ÿÿ456ÿ84ÿ 56ÿ4684ÿ 996ÿ=>?@'A+BCÿ8ÿ6ÿ6ÿÿÿ664ÿÿ456ÿ896ÿÿ456ÿ99666ÿ 648ÿ456ÿ69ÿ666ÿÿ449ÿ998ÿ-99ÿ998/ÿ6466ÿ98ÿ8ÿ11Dÿ -1E./ÿ664ÿÿ449ÿ988648ÿ 56ÿ69ÿ96ÿÿ"#$%&'#$(ÿ8ÿ9ÿ9F846ÿ8*96ÿÿ11Gÿ 664ÿ89ÿ4ÿ456ÿ11ÿ664ÿ646ÿÿ6ÿ9ÿ64ÿ9ÿ-E11/ÿ;96ÿHÿ648ÿ456ÿ 694ÿ6466ÿ"#$%&'#$(ÿ9ÿ456ÿ998666ÿ648ÿ9ÿ858ÿ9ÿ8494849ÿ 6946ÿ98894ÿ98ÿÿ6ÿ646ÿ6986ÿ96ÿ99ÿ6668ÿÿ6ÿ 698ÿ994ÿ9455ÿ456ÿ946ÿÿ456ÿ6948ÿ8ÿÿÿIÿEEJÿ 56ÿÿ 694ÿ6648Kÿ-1/ÿ456ÿ94ÿ4594ÿ99ÿ6668ÿ96ÿ6986ÿ946ÿ6ÿ994ÿÿ 698ÿ6ÿ4ÿ985ÿ8ÿ56ÿLMNO;'MNPÿ68ÿ994ÿ6ÿ4ÿ985ÿ8Qÿ-/ÿ456ÿ 99ÿ64ÿ8ÿ9ÿ69ÿ888649ÿ6986ÿ56ÿ"#$%&'#$(ÿ69868ÿ994ÿ 988ÿ46Qÿ9ÿ-D/ÿ4ÿ8ÿ6646ÿ4566ÿ8ÿ86ÿÿ9ÿ69894446ÿ64ÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 11ÿÿ6,96ÿÿ6ÿ684946ÿ"#$%&'#$(+Rÿÿ456ÿ9ÿ+ÿ9ÿRÿ8ÿ1.ÿ8646ÿ*946ÿ86948ÿ ÿ12SSÿ4ÿ1221ÿ456ÿ456ÿ6,4ÿ684946ÿ8694ÿÿ"#$%&'#$(+Rÿÿ456ÿ9ÿ+ÿ9ÿRÿ4594ÿ6ÿÿ 6ÿÿ456ÿ896ÿ8ÿ986ÿÿ456ÿ1.ÿ8646ÿ*946ÿ86948ÿÿ122ÿ4ÿ122Jÿ 1ÿ 56ÿT88ÿ66ÿ45ÿ6446ÿ!98U8ÿ9ÿV68ÿÿ666ÿGÿ12S2ÿ4ÿÿ6446ÿ 56ÿ-946ÿ 696ÿ6446/QÿM68ÿWÿX9ÿ66ÿ45ÿ;6ÿY946586ÿÿZÿ1ÿ122Sÿ4ÿÿ ;6946586M68ÿ9ÿ<45ÿ[ÿ66ÿ45ÿL84ÿWÿY56ÿÿN46ÿ1ÿ12S2ÿ4ÿÿL84ÿWÿ [ÿ

(24)

456789ÿ8ÿÿ898ÿ ÿÿÿ !"#$!%ÿ!&'()*'ÿ ÿ 8ÿ1ÿ98,-97ÿ.8ÿ87/0/-6ÿ-1ÿ1/902,/9ÿ3/118986487ÿ/6ÿ-ÿ63ÿ6-90ÿ449576ÿ56ÿ .8ÿ87ÿ-1ÿ7ÿ.8ÿ4-811/4/86ÿ-6ÿ89:;<=>?@ÿ/7ÿ68B/C8ÿ63ÿ7/7/4Dÿ7/B6/1/46ÿÿ,ÿEÿ62ÿ FG-2/Hÿ1-9ÿ-.ÿ3/118986487ÿ/6ÿ-ÿ44957ÿ63ÿ3/118986487ÿ/6ÿ6-90ÿ449576ÿ./7ÿ/7ÿ 4-67/786ÿG/.ÿB9889ÿ7/0/9/Dÿ/6ÿ.8ÿ44957ÿ7954598ÿ1-9ÿ1/902,/97ÿ53/83ÿDÿ.8ÿ708ÿI/Bÿ Jÿ53/-97ÿ63ÿ75,,-97ÿÿ98B93/6Bÿ.8ÿ81184ÿ-1ÿ53/ÿ1/90ÿ7D8ÿ-6ÿ44-56/6Bÿ4-0,9//D6ÿ .8ÿ7/B67ÿ-1ÿ.8ÿ4-811/4/867ÿ-6ÿ.8ÿ4-69-ÿC9/87ÿ98ÿB8689Dÿ7ÿ8K,84836ÿLMMNO9PQ<R>STÿ 8>U;<R>STÿVWX<R>Sÿÿ.C8ÿ68B/C8ÿ4-811/4/8676ÿY7ÿ.8ÿ0/6/050ÿ8C8ÿ-1ÿ449577ÿ1/90ÿ7/Z87ÿ 63ÿ47.ÿ1-G7ÿ/6498787ÿ/6ÿ0B6/5387ÿ1/902,/97ÿ98ÿ/[8Dÿ8ÿ0-98ÿ7/0/9ÿ63ÿ.8981-98ÿ98ÿ 0-98ÿ/[8Dÿ-ÿ.C8ÿÿ7/0/9ÿ44957ÿ7954598ÿ63ÿ7089ÿ3/118986487ÿ/6ÿ449576ÿÿ 456789ÿ8ÿ1ÿ898ÿ (\"*]!ÿ^_$`a&'ÿ .8ÿ68Kÿ6D7/7ÿ/7ÿ/0/83ÿ-ÿ7570,87ÿG.898ÿ.898ÿ/7ÿ6ÿ53/-9ÿ4.6B8ÿ1-9ÿ.8ÿ1/902 ,/96ÿb8ÿ8B/6ÿG/.ÿ.8ÿ6-/-6ÿ.ÿ/1ÿÿ,/9ÿ-1ÿ1/907ÿ.7ÿ3/118986ÿ53/-97ÿ63ÿ-68ÿ-1ÿ.8ÿ1/907ÿ 4.6B87ÿ53/-9ÿ-ÿ.C8ÿ.8ÿ708ÿ53/-9ÿ7ÿ.8ÿ-.89ÿ1/907ÿ.86ÿ189ÿ.8ÿ7G/4.ÿG8ÿ7.-53ÿ -789C8ÿÿ0-98ÿ7/0/9ÿ44957ÿ7954598ÿ9875/6Bÿ/6ÿ7089ÿ3/118986487ÿ84578ÿ.8ÿG-ÿ1/907ÿ 98ÿ6-Gÿ75c84ÿ-ÿ.8ÿ7D8ÿ811847ÿ-1ÿ.8ÿ708ÿ53/-96ÿ-ÿ87ÿ./7ÿ8K,84/-67ÿG8ÿ98287/08ÿ .8ÿ98B9877/-6ÿ0-38ÿ/6ÿ8d5/-6ÿFeHÿ1-9ÿÿ7570,8ÿ-1ÿ1/902,/97ÿ.ÿ.C8ÿ7G/4.83ÿ19-0ÿ .C/6BÿG-ÿ3/118986ÿI/BÿJÿ53/-97ÿF,9827G/4.Hÿ-ÿ.C/6Bÿ.8ÿ708ÿI/BÿJÿ53/-9ÿ,-727G/4.fÿ g>hh<ijk9P<LMMNO9PQ>lkÿFg>hh<LmS<LMMNO9PQ>lkHÿnÿpq>lÿrÿps8<8t>kMulkÿrÿpvVjSkNjPQÿrÿw>lkTÿ FxHÿ

(25)

45676ÿ898ÿÿÿ7ÿ76ÿ5ÿ6ÿ56ÿ6ÿÿ6ÿÿ56ÿ6ÿ67ÿ4ÿ56ÿ 45ÿ 6ÿ7!"ÿÿ56ÿ6ÿÿ#67ÿÿ56ÿ65 7ÿ67ÿ$77ÿÿ45ÿ676ÿ 7!%ÿ&567676ÿ56ÿ7ÿ76ÿ898ÿ $76ÿ56ÿ6766ÿÿ7ÿ7ÿ56ÿ 6ÿ$7ÿÿ7 "ÿ676ÿÿ67ÿ56ÿ45%ÿ(6ÿ$76ÿÿ66ÿ66ÿÿ45ÿÿ 56ÿ 6ÿ7ÿ6766ÿ56ÿ7ÿ6766ÿ7ÿÿ$7ÿÿ7 %ÿ&56ÿ6$66ÿ76ÿÿ 7ÿ76ÿ76ÿ56ÿ 6ÿÿ$76ÿ676%ÿ(6ÿ6 6ÿ5ÿ7676ÿ7ÿ5766ÿ 676ÿ$67ÿÿ76ÿ65ÿ676ÿÿ67ÿ56ÿ45%ÿÿ (6ÿ6ÿÿ $7ÿ7ÿ6766ÿ4ÿ67ÿ676ÿ)*ÿÿ)+!"ÿÿ5766ÿ 67ÿ67ÿ56ÿ45ÿ,"ÿ-2"ÿÿ.*/ÿ45676ÿ56ÿ7ÿ67ÿÿ56ÿ64ÿ7ÿÿ66ÿ,%20ÿ(6ÿ 56ÿ61$ÿ5ÿÿ5766ÿ67ÿ$77ÿÿ56ÿ45ÿ)2ÿ575ÿ)+!ÿÿ7ÿ67ÿ67ÿ56ÿ 45ÿ,ÿ575ÿ.2!"ÿÿÿÿÿ7ÿ67ÿ676ÿÿ6ÿ67ÿ67ÿ56ÿ45"ÿ)3ÿÿ .34ÿ5ÿ76$76ÿÿ66ÿ5"ÿ&6ÿ0"ÿ56ÿ76ÿ7ÿÿ7$67ÿ61 6ÿ54ÿ5ÿ56ÿ $766ÿ66ÿÿ888ÿÿ66ÿÿ61$66"ÿÿÿÿÿ$ÿ9ÿ:%:2"ÿ 616$ÿ7ÿ;<=9;>9?@@ÿÿ56ÿ$67ÿ)3ÿÿ.3"ÿ455ÿÿÿÿ$ÿ9ÿ%2:%ÿ&566ÿ76ÿ 7ÿ67ÿ7ÿ7ÿ56"ÿ$76ÿ $6ÿ666ÿ5ÿ7ÿ6ÿ5ÿÿ66ÿÿ 666ÿ7"ÿÿ5ÿÿ56ÿÿ56ÿ 6ÿ7ÿ6ÿÿ 76ÿ 7ÿ7%ÿ ÿ AB67ÿ&6ÿ0ÿC676Dÿ ÿ E7ÿ $666"ÿ46ÿÿ61 6ÿ56ÿÿ45676ÿ7 7$7ÿ56ÿ56ÿ 6ÿ7"ÿ ÿ6ÿÿ56 ÿ56ÿ7ÿÿ5ÿ56ÿ7 ÿ$7ÿ4ÿ5ÿ4ÿ676ÿ7%ÿ(6ÿ 6 6ÿ56ÿ 6ÿ7676ÿÿÿ6FÿG!ÿ616$ÿ46ÿ6ÿÿ7ÿ76ÿH98ÿ 5ÿ6ÿ56ÿ6ÿÿ6ÿÿ56ÿ6ÿ67ÿ4ÿ56ÿ45ÿÿ676ÿ7"ÿÿ56ÿ 6ÿÿ#67ÿÿ56ÿ65 7ÿ67ÿ$77ÿÿ45ÿ456ÿ56ÿ$7ÿÿ $6ÿ5ÿ56ÿ 6ÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 20ÿ(6ÿ4ÿÿ5766767ÿ7ÿ$67ÿ7ÿ56ÿ64ÿ7ÿÿ $7ÿ567ÿ6ÿÿ56ÿ7ÿ5ÿÿ4ÿ6ÿ 76ÿ5ÿ6ÿ67ÿÿÿ%ÿC4667"ÿÿ6ÿ6ÿ46ÿÿ56ÿ 6ÿ76ÿÿ46ÿ $76ÿIÿ56ÿÿ67ÿ 676ÿ56ÿ45ÿ4ÿ676ÿÿ7 !ÿÿ56ÿ7ÿ67ÿ67ÿ56ÿ45ÿ56ÿ 6ÿÿ7 !%ÿ

(26)

3456789ÿÿ947ÿ39ÿ98975ÿ6ÿ3ÿÿ3ÿÿ98ÿ3ÿ77ÿ9685ÿ7ÿ8667ÿ8ÿ !ÿ6ÿ87ÿ7376763"ÿ6#6637ÿ98$ÿ%98ÿ989ÿ79ÿ6ÿ8ÿ&65ÿÿ737ÿ3ÿ3#ÿ 78ÿ5697ÿ3456789ÿ9545ÿ8$393667"ÿ6ÿ7ÿ87'(67ÿ9685ÿ)ÿ3&ÿ8ÿ*33768ÿ89ÿ ("ÿ7ÿ&65ÿ98$ÿ7ÿ7(8ÿ7ÿ8ÿ(676#ÿ77ÿ6ÿ3ÿÿ6ÿ87ÿ"$$7963ÿÿ ÿ6793749ÿ8ÿ3456789ÿ(67ÿ3ÿ9885ÿ3ÿ4$9ÿ8ÿ938ÿ89ÿ69$ÿ(676#ÿ 3456789ÿ+ÿ86667"ÿ6ÿ737ÿ7ÿ$876&ÿ89ÿ3ÿ3456789ÿ3#ÿ845ÿ#6&ÿ96ÿ78ÿ3ÿ8$6775ÿ &3963ÿ737ÿ63ÿ7ÿ3943'569ÿ77ÿ,8(&9ÿ76ÿ63ÿ845ÿ37ÿ3456789ÿ3#ÿ 6ÿ87ÿ569768ÿ78ÿ737ÿ#6&ÿ96ÿ78ÿ3ÿ69$ÿ369ÿ(67ÿ7ÿ3$ÿ3456789ÿ- !.ÿ35ÿ78ÿ 3456789ÿ3#ÿ737ÿ#6&ÿ96ÿ78ÿ3ÿ69$ÿ369ÿ(67ÿ7ÿ5697ÿ3456789ÿ- !.ÿ989ÿ849ÿ 697ÿ3983ÿ78ÿ87986#ÿ89ÿ76ÿ86ÿ63ÿ6ÿ78ÿ9567ÿ737ÿ3ÿ/ !ÿ593ÿ 3943'569ÿ"ÿ3ÿ#9379ÿ3$847ÿ73ÿ3ÿ/ !ÿ"ÿ5697"ÿ8$396#ÿ7ÿ9376&ÿ 3943'569ÿ8ÿ3ÿ/ !ÿ&94ÿ3ÿ/ !ÿ(ÿ8798ÿ89ÿ3"ÿ"7$376ÿ63ÿ 386375ÿ(67ÿ7ÿ37ÿ8ÿ3456789ÿ(676#ÿ9ÿÿ)ÿ65ÿ398ÿ3ÿ7ÿ79ÿ77ÿ9685ÿ737ÿ / !ÿ947ÿ6ÿ$39ÿ3943'569ÿ73ÿ849ÿ6ÿ3ÿ/ !ÿÿ947ÿ39ÿ 98975ÿ6ÿ3ÿÿ3ÿ0ÿ(6ÿ6ÿ37ÿ37ÿ4##76&ÿ737ÿ(676#ÿ78ÿ7ÿ3$ÿ3456789ÿ35ÿ 78ÿ9376&"ÿ$89ÿ8$393667"ÿ73ÿ(676#ÿ78ÿ569ÿ3456789ÿÿ +ÿ8ÿ7ÿ87'675ÿ938ÿ89ÿ3456789ÿ(67ÿ6ÿ88974676ÿ8668ÿ86#ÿ 3784#ÿ335$6ÿ939ÿ3ÿ845ÿ677ÿ89ÿ8ÿ&65ÿ8ÿ76ÿ-08(ÿ35ÿ16ÿ23415ÿ6$67ÿ 23475ÿ888ÿ35ÿ9"ÿ233:5ÿ;936ÿ35ÿ)68ÿ23445ÿ35ÿ<;85ÿ23315ÿ98*ÿ1:::.ÿ8ÿ 8798ÿ89ÿ7ÿ87763ÿ7ÿ8ÿ8668ÿ86#ÿ(ÿ9$8&ÿ69$ÿ98$ÿ849ÿ3$ÿ737ÿ35ÿ3ÿ =43665ÿ34567ÿ8668ÿ6ÿ7ÿ"39ÿ9689ÿ78ÿ7ÿ(67ÿ35ÿ9'76$37ÿ7ÿ3456789ÿ(67ÿ77ÿ ÿ947ÿ8(ÿ398ÿ3ÿ4'9685ÿ*3$65ÿ737ÿ7ÿ8667ÿ8ÿ/ !ÿ6ÿ#376&ÿ3ÿ 95675ÿ35ÿ7376763"ÿ6#6637ÿ9ÿ6ÿ38ÿ&65ÿ737ÿ3456789ÿ3#ÿ39ÿ386375ÿ

(27)

4567ÿ589ÿ565658ÿ5ÿ8ÿ58895ÿ56ÿ47597ÿ9ÿ5ÿ67ÿ66ÿ58ÿÿ2ÿ8ÿ 8ÿ8ÿ !ÿ7ÿ1"""#$ÿ8ÿ8ÿ8ÿ #ÿ%&ÿÿ565658ÿ5ÿ 8ÿ56ÿÿ58ÿÿ'5ÿÿ56ÿ%6ÿ(559658ÿ58ÿ67ÿ%5ÿÿ47597ÿ4ÿ986ÿ ÿ58ÿ67ÿ$ÿ)ÿ8ÿ6865'ÿ%%97ÿ6ÿ*586ÿ%&ÿÿ%ÿ58895ÿ%89ÿ8ÿ 565658ÿ5ÿ4ÿ5586ÿ5ÿ4567ÿ&6ÿ'ÿÿ858ÿ8ÿ8ÿ8ÿ #$+ÿ7ÿ6ÿÿ675ÿ,%ÿ58ÿ8978ÿÿ67ÿÿ%ÿ%9559ÿ 9ÿÿ,%5ÿ&58ÿ67ÿ959586ÿ8ÿ-.-/0123ÿ5ÿ865'ÿÿ%596ÿ8ÿ 665659ÿ5855986ÿ8ÿ4.-/0123ÿ58ÿ585855986$5ÿ 6789:ÿ:<=>?7@9??ÿ79?7?ÿ 7ÿ56ÿ68ÿ66ÿ5ÿÿ8ÿ67ÿ8658ÿ676ÿ56ÿ98ÿ5%ÿ9%556ÿ8ÿ 67ÿ99ÿ9%886ÿÿ858ÿ6ÿ86ÿ67ÿ97ÿ4ÿ9%886$ÿ7ÿ4ÿ,656ÿ 67ÿ58ÿÿ58ÿ(658ÿ2#ÿ58ÿ5,%5ÿ589ÿ58ÿ97ÿ4ÿÿ%658ÿÿ 67ÿ%886ÿ'5ÿ8ÿ&%96ÿ67ÿ56ÿ66ÿ'5ÿ6ÿÿ585855986ÿ58ÿ675ÿ85$ÿ A866ÿ6ÿ985ÿ676ÿ67ÿ959586ÿ8ÿ-BCD.E0FGÿ5ÿ86ÿ665659ÿ586ÿÿ Iÿ6ÿ67ÿ%ÿJÿ"$"ÿ'$ÿ75ÿ%'5ÿ5658ÿ'589ÿ676ÿ56ÿ6ÿ96ÿ858ÿ 9%556ÿ8ÿ677ÿ67ÿ99ÿ9%886ÿÿ858ÿ47597ÿ5ÿÿ*965'ÿ8ÿ 59658ÿ678ÿ67ÿ97ÿ4ÿ9%886$ÿÿ Kÿ7'ÿÿ676ÿ56ÿ5%ÿ9%556ÿ677ÿ675ÿ58,7ÿ%595ÿÿ 67ÿ5%86658ÿÿL))ÿ8ÿL))M$ÿ7ÿ%595ÿÿÿ5ÿ6ÿ&56ÿÿ658ÿÿ 6%59ÿ689658ÿ678ÿÿ88,658ÿ6856ÿ689658ÿ47597ÿÿ585658ÿÿÿ 5589659ÿ58ÿ86$ÿ7ÿ67ÿ5ÿ566ÿ'86ÿ58ÿ7'58ÿ685Iÿ58,7ÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ +ÿN&6ÿ'ÿÿ986ÿÿ58958ÿ8ÿ58596ÿ'5ÿ9ÿ8ÿ5ÿ5,ÿ'658ÿÿ58ÿ67ÿ %%ÿ4#ÿ5ÿ%986ÿÿ67ÿ565658ÿÿ68,8,6$ÿ 5ÿ)867ÿ8ÿ%%ÿÿ56ÿ45697ÿ5ÿ6ÿ58ÿ9O6%ÿ978ÿ58ÿ9586ÿ97965659ÿ8ÿ 589ÿ58ÿ56ÿ5ÿ96ÿ696ÿ658ÿ58ÿ458ÿ5ÿ4569758ÿ6ÿÿ56ÿP788ÿ8ÿQÿ "#$ÿ75ÿ65'658ÿÿ4569758ÿÿ86ÿ%%ÿ6ÿÿ%ÿ47597ÿ5ÿ6596ÿ6ÿR5ÿ+ÿ56$ÿ

(28)

4567894ÿ58ÿ544958ÿÿ55ÿ58ÿÿ945ÿ4ÿ47ÿÿ8748ÿ545ÿ75ÿ 7984ÿ85ÿ4ÿ975ÿ5ÿ45ÿ4ÿÿ89ÿ8ÿ5ÿ8ÿ4ÿÿ75ÿ 7984ÿ85ÿÿ8748ÿÿ4ÿÿ8ÿ484ÿ8ÿÿ8!6ÿ5ÿ95ÿ58ÿ54856ÿ 544958ÿ4ÿ5ÿ8ÿÿ8!6ÿ5ÿÿ495ÿ6ÿ485ÿ56ÿ"855ÿ85ÿÿ #795458ÿÿÿ5845ÿÿ48ÿ8ÿ$%&ÿ85ÿ7984ÿ85ÿ4ÿ5ÿ75ÿ 484ÿ5ÿ98985ÿÿ'()*+,-.ÿ8ÿ5ÿ545858946ÿ888945ÿ45ÿ5ÿ7ÿ/ÿ010ÿÿ 2#5ÿÿ4ÿ5ÿ99ÿ545ÿ5ÿ95ÿ484ÿ46ÿ5ÿ9586ÿ95ÿÿ 89ÿ8ÿ989ÿ454ÿ7458946ÿÿ89ÿ8ÿ989ÿ454ÿ ÿ8ÿÿ4ÿ8ÿÿ4ÿ4ÿÿÿÿ4ÿ8748ÿÿ5ÿ47ÿÿ5ÿ 89ÿ8ÿ4ÿÿ5ÿ8ÿÿ4ÿ8ÿÿ8ÿ45ÿ54ÿ10ÿ795ÿ35445ÿ 5ÿÿ545ÿ5ÿ98985ÿÿ'()*+,-.ÿ8ÿ458ÿ4ÿ545858946ÿ888945ÿ45ÿ5ÿ7ÿ5ÿ 01ÿÿÿ89ÿ8ÿ554ÿ4994ÿ4ÿ89ÿ8ÿ44ÿ4994ÿ89ÿ88945ÿ 545ÿ86ÿ89ÿ8ÿ8748ÿÿ5ÿ495ÿ5ÿ5ÿ 789ÿ;<=>8>?@ÿAB7<=8<C8B>ÿÿ ÿ55ÿÿD1ÿ8ÿ48ÿ948458ÿ$EFGHI+FGJ&ÿ8ÿ75ÿ8ÿ4ÿ2ÿ8ÿ 5ÿÿ8ÿK458ÿ$2&ÿÿ98985ÿÿ5ÿ55ÿ484ÿ'()*+,-.ÿ8ÿ7858ÿ4ÿ 545858946ÿ888945ÿ45ÿ5ÿ7ÿ5ÿ001ÿÿ9855ÿ85ÿ5ÿ48ÿÿ4ÿ748ÿÿ8ÿ 485ÿ6ÿ5ÿ4ÿL8ÿ2ÿ485ÿ8ÿÿ9744ÿÿ58ÿ54ÿ5ÿ48ÿÿ4ÿ748ÿÿ 8ÿ485ÿ6ÿ5ÿ85ÿL8ÿ2ÿ485ÿÿ MN5ÿ4ÿ2ÿDOÿ P8ÿÿ5ÿ98985ÿÿ5ÿ95ÿ484ÿ8ÿ4ÿ2ÿ4ÿ46ÿ4ÿ#795ÿÿ 7858ÿ98985ÿÿFQG+FGHI+FGJÿ88945ÿ545ÿ4ÿ94ÿÿÿ7458ÿÿ5ÿ 8ÿ9ÿÿ86ÿ945ÿÿÿ58ÿ48 ÿP8846ÿ8748ÿ85ÿÿ

(29)

4565789ÿ4ÿ99ÿ89585ÿÿ8ÿ69ÿ9978ÿ8954ÿ5ÿ54ÿ454ÿ 5ÿÿ68 5ÿ!ÿ8954ÿÿ4ÿ994"ÿ#ÿ85ÿ!!554ÿÿ$%&'(%))ÿ8ÿ *+,,-.+/(%))ÿ89ÿ454ÿ5ÿ744ÿ8954ÿ89585ÿÿ9ÿ54ÿ8ÿ989ÿ5!!9ÿ5ÿ ÿ451ÿ!ÿÿ!5964ÿ9ÿ5ÿ 92825753ÿ!ÿ9 95ÿ8ÿ744ÿ!9ÿÿÿ!5964"ÿ458773ÿÿ85ÿ !!55ÿÿ$(56%7ÿ54ÿ454ÿ5ÿ8ÿ989ÿ89585ÿ5ÿ84ÿ!74ÿ785ÿÿ744ÿ 8954ÿ6 89825753"ÿÿ 899:ÿ<=>9?@AÿB9CD>ÿDBBDE?Fÿ Gÿ87985ÿ8 98ÿÿ4ÿ!9ÿÿ!!ÿ!ÿ85ÿ437ÿÿ6 89825753ÿ54ÿÿ 965ÿ5!ÿ859ÿ!5Hÿ!!4ÿH 785ÿÿ77ÿ!ÿ89874ÿ9 9ÿ23ÿ8ÿ55587ÿ!596ÿ%"ÿ I89ÿ8ÿH8655ÿ!596J 8594ÿ54ÿ8 98ÿ44ÿÿ77ÿ!ÿ89874ÿ9 9ÿ23ÿ8ÿ 55587ÿ!596ÿ%ÿ84ÿÿ ÿ895827ÿ8ÿH8654ÿ9ÿ859ÿ!5Hÿ!!4ÿH 785ÿ 455!58ÿ944J4587ÿ89585ÿ5ÿ89874ÿ45ÿÿ!775ÿKLMÿ99445Nÿ

+OPQRSS.TPQ,%Oÿ9ÿR/7RSS.TPQ,%OÿUÿWX%ÿYÿZÿ[ÿW\+7O.+Q,%Oÿ[ÿ]%O^ÿ _ÿ

9ÿ+OPQRSS.TPQ,%Oÿ8ÿR/7RSS.TPQ,%Oÿÿ!ÿ!596ÿ%ÿ5ÿ389ÿOÿ89ÿ84ÿ 95473ÿ!5ÿ8ÿZÿ54ÿ ÿ4ÿ!ÿ55587ÿ859ÿ!5Hÿ!!ÿ!!554"ÿ#ÿ97ÿ8958274ÿ!596ÿ451ÿ689JJ 2ÿ798ÿ84ÿ!74ÿ!96ÿ 9854ÿ744ÿ4889ÿ585ÿ!ÿ4874ÿ4889ÿ585ÿ !ÿ84ÿ!74ÿ!96ÿ 9854ÿ8ÿ4889ÿ585ÿ!ÿ4874ÿ9ÿ!9ÿ8ÿ!596ÿ%ÿ8ÿ389ÿO"ÿ `ÿ874ÿ57ÿ5493ÿ!5Hÿ!!4ÿÿ97ÿ!9ÿ 587ÿ65ÿ8958274ÿ2584ÿa9ÿ 1bcc"ÿ#4ÿ9ÿ4568ÿ859ÿ!5Hÿ!!4ÿ67ÿ8 94ÿÿ59687ÿ!!ÿ!ÿ8ÿ 859ÿP)O'.ÿS+7O.+QQ%7dÿ)+.ÿ)%.ef,g'S%)%SÿhP.%P/Q',ÿP7iÿ%7iT,O.jfk%i'ÿ)%l'iÿ'))'SO,"ÿ`ÿ 95ÿ 8ÿ8ÿ4J4ÿ577ÿ9mÿÿ77ÿ3 454ÿ8ÿ!!554ÿ!ÿÿ55587ÿ859ÿ!5Hÿ !!4ÿ89ÿÿ486ÿ5ÿÿ99445ÿ67"ÿ#54ÿ8 98ÿÿ45ÿ!9ÿ85ÿ437ÿ54ÿ 8773ÿ4565789ÿÿÿ4986ÿ!ÿ9489ÿ8ÿH8654ÿ9ÿ68894ÿ8ÿ55587ÿ

(30)

4567849ÿ8ÿ487ÿ8ÿ6ÿ85ÿÿÿ1ÿ4ÿ55ÿ8ÿ8ÿ8854ÿ8ÿ 45ÿÿÿ8ÿ8ÿÿ58ÿ844ÿÿ5885ÿ54ÿ84 75ÿ5ÿ8ÿ44585ÿ5ÿ !"#"$%&ÿ()**"$"#+",ÿ)#ÿ-,./&"0ÿ%+$1,,ÿ2%#%!"$,9ÿ8ÿ85ÿ79ÿ13ÿÿ48ÿ85ÿ79ÿ133ÿ858ÿ 54ÿ848ÿ5ÿ58ÿ 5ÿ8854ÿÿ45678ÿ6ÿ5674ÿÿ58749ÿ 9ÿ 5 758ÿ84 754:ÿ58ÿ8;45545ÿ5845ÿ58ÿ8< 756ÿÿ 5ÿ8ÿ8854ÿ4ÿ3=92>ÿ ÿÿ8844ÿ5ÿ?@ABCDEFFGHBCIÿ4ÿ58ÿ8885ÿK78:ÿÿ=9>ÿÿÿ8844ÿ5ÿ ELMDEFFGHBCIÿ4ÿ58ÿ8885ÿK78:ÿ5ÿ45ÿ5ÿ58ÿÿNÿ93ÿ78K87932ÿ848ÿ84 754ÿ 8O85ÿ58ÿ 77ÿ65844ÿ55ÿ8ÿ 5ÿ854ÿ 74ÿÿ58ÿ857ÿ8:ÿKÿ 57ÿ8K88ÿ55ÿ 5ÿ4ÿK8ÿK 7ÿ456784ÿÿ58ÿÿ5ÿ58ÿ58855ÿ ÿ8885ÿÿ4PPQÿÿ586ÿ48ÿÿ78549ÿPÿ45ÿK 7ÿ 5ÿ8ÿ 885ÿÿ58ÿ8488ÿÿÿ8584K8ÿ485ÿÿ574ÿÿ 456ÿ8ÿ8854ÿ8< 84ÿ55ÿ58ÿ 5ÿÿ8854ÿÿ464585ÿ885ÿÿ 74ÿ55ÿ4ÿK8ÿÿ87ÿ58ÿ8ÿ875K8ÿ5ÿ58ÿ 5ÿ49ÿ9ÿ58ÿ4:ÿÿ 5ÿÿ4ÿÿ45678ÿ55ÿ4ÿ < 8ÿÿÿ44ÿ54ÿ785ÿ 48:ÿÿÿ4ÿ464585776ÿ885ÿÿ55ÿÿ8ÿÿ8ÿ58ÿ 549ÿÿ R8ÿ858ÿ54ÿÿ6ÿ5845ÿK 7ÿ78ÿ584ÿÿ58ÿ7ÿ45588549ÿR8ÿ 4ÿÿ858ÿ78ÿ584ÿ88ÿ588ÿ4ÿ48ÿ7S87ÿÿ8884ÿÿ858ÿ 54ÿ 8ÿ5ÿ885ÿO 85ÿÿ4ÿ88ÿ 5ÿ45678ÿ8854ÿ 7ÿ8ÿ45ÿ88589ÿ8ÿ 54ÿ8ÿ88ÿ8TÿK856:ÿ57U8ÿ78484:ÿÿ84ÿ88489ÿR8ÿ45ÿ88ÿ K856ÿ8 48ÿ5ÿ4ÿ877; 858ÿÿ58ÿ 5ÿ75858ÿ55ÿK856ÿ4ÿÿ4485ÿ4 O85ÿ 5ÿ885ÿ4Sÿ55ÿ8< 84ÿ48ÿ 5ÿ8 849ÿ544585ÿ5ÿ54ÿÿ78ÿK7 8ÿÿ 5ÿ88ÿ75858ÿ55ÿ4458576ÿ4ÿK856ÿ4ÿ45K876ÿ8758ÿ5ÿ 5ÿ884ÿV6ÿ85ÿ79ÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 32ÿ8ÿWÿ45545ÿ76ÿ44ÿ55ÿ5ÿ7845ÿ8ÿÿ4ÿ885ÿÿ58ÿ58ÿ 54ÿÿ5ÿ55ÿ8ÿ 5ÿ4ÿ 885ÿÿ77ÿ58ÿ 549ÿÿK8ÿ8ÿ 45ÿ8K88:ÿ8ÿ 5ÿÿR7ÿ5845ÿÿ8< 756ÿÿ 8854ÿ8588ÿ75858ÿ54ÿÿ5ÿ 54ÿ989ÿQR5ÿK84 4ÿXQY4Zÿ645ÿ[ÿ\ ÿK84 4ÿ ]87558:ÿÿ4ÿ9ÿ88ÿ8ÿ13ÿ < 8ÿ54ÿÿ 5ÿ4ÿÿÿ3^ÿ8ÿ45545776ÿ885ÿÿ 8ÿ58:ÿÿ584ÿ588ÿ8ÿ45678ÿ8884ÿ8588ÿ876ÿ77ÿÿ58ÿÿ_ÿ 5ÿ49ÿ

(31)

144567ÿ899ÿÿ9ÿÿÿ9ÿÿÿÿÿÿÿÿÿ ÿ997ÿÿÿÿ9ÿ ÿ89ÿÿ7ÿ!144"6ÿÿÿÿÿÿ144#ÿ ÿ$%1445ÿ$ÿÿ1&4ÿ'7(ÿ$ÿ9ÿÿÿÿÿ99ÿ $ÿÿÿÿÿÿ)88*ÿÿÿÿÿÿ$ÿÿ7ÿ+ÿ ÿÿÿ$ÿÿ$9ÿÿÿÿÿ9ÿÿÿÿ ÿÿ$ÿÿÿÿÿÿ99ÿÿ!,8(-ÿ."25 ÿ."//67ÿ0ÿ ÿ1$ÿÿ19ÿÿÿÿÿÿÿÿÿÿÿ1ÿÿ 9ÿÿ$ÿ9ÿÿÿ9ÿ$ÿ9ÿÿ1ÿ!2$1ÿÿ 3ÿ14454ÿ*99ÿ14454ÿ)ÿÿ7ÿ14..67ÿÿ ÿÿÿÿ,%9ÿÿÿ1ÿ9ÿÿ/75& ÿ.47.5 ÿÿ##71/ÿ ÿÿÿ67897:;<=ÿ!9ÿÿÿ>ÿ6ÿ?9@A9ÿC@D6:@?6E@:6;7ÿ !9ÿ>ÿ6ÿÿD97A6;7ÿ9FD97A9ÿ!ÿÿÿ$6ÿ 97ÿ+ÿ,%ÿÿÿ9ÿÿÿÿGÿ74.ÿÿÿÿH9ÿÿÿÿ ÿÿÿ9ÿÿÿ99ÿÿÿÿÿÿ1ÿÿ 19ÿÿ$ÿ$7ÿ+ÿÿÿÿ9ÿÿÿ$ÿÿ ÿÿÿÿ9ÿÿÿÿÿ9$ÿÿIJJKÿMNÿOPMQNRSTÿ 9ÿÿÿ9ÿÿÿÿ+ÿ1ÿÿ+ÿ5ÿ99ÿÿ$ÿÿ 99ÿÿ$%ÿÿÿ$ÿ%7ÿÿ ÿ$$ ÿÿÿ$ÿ99ÿ9 ÿÿ9 ÿÿÿ1ÿ 9ÿÿÿ9ÿÿÿ9ÿÿÿU.ÿÿÿÿ9ÿ99ÿ 9$7ÿ(99ÿ$%ÿÿÿ$ÿ%ÿÿÿ$ÿ-ÿ#ÿÿ ÿÿ9%9ÿ$ÿÿ99ÿÿÿÿ9ÿÿ$ ÿÿ

(32)

456ÿ7894ÿ69ÿ664ÿ464ÿ5ÿ4574ÿ4566ÿ76ÿ4674ÿ6466ÿ9666ÿÿ787ÿ79ÿ 77ÿ474664ÿ6ÿ46ÿÿ ÿ !"#ÿ $ÿ76ÿ4ÿ79ÿ7%69ÿ4ÿ7ÿ7894&ÿ7456&ÿ456ÿ56ÿ6ÿ'ÿ456ÿ6464ÿ456ÿ 67ÿÿ5%ÿ7ÿ7894ÿ76ÿ4ÿ79ÿ94(8469ÿ7ÿÿ(84ÿ76ÿ67469ÿ 7ÿ)*7ÿ456ÿ6)664ÿ89ÿ57+6ÿ7ÿ*74ÿÿ456ÿ46*6474ÿÿ456ÿ 684ÿ,6+6&ÿ456ÿ464ÿÿ7894ÿ57%6ÿÿ'7(6ÿ-ÿ*+96ÿ*6%ÿ6+966ÿ4574ÿ7894ÿ 46ÿÿ456ÿ787ÿ657ÿ6ÿ(6+6ÿÿ456ÿ9747ÿ.ÿ7994&ÿ456ÿ86ÿÿ984ÿ69ÿ 664ÿÿ7ÿ47979ÿ664ÿ*6986ÿ4ÿ4ÿÿ4469ÿ+77(6ÿ55ÿÿ7ÿ86ÿÿ 664ÿ(7ÿ/0666ÿ112ÿ '566ÿ76ÿ456ÿ67ÿ4ÿ(66+6ÿ6)664ÿÿ4ÿ7ÿ%74ÿ86ÿÿ45ÿ489ÿ $4&ÿ456ÿ+74ÿ(83ÿÿ456ÿ456ÿ79ÿ456ÿ6*7ÿ6+966ÿ77469ÿ45ÿ7894ÿ56ÿ57ÿ (66ÿ77469ÿ45ÿ456ÿ56ÿ(6466ÿ7ÿ4%ÿ5ÿ79ÿ7ÿ)4%ÿ5ÿ7894ÿ'5ÿ6)664ÿ 96ÿÿ4ÿ66+74ÿ4ÿ8ÿ*7ÿ5*456ÿ,ÿ55ÿ676ÿ*77(4ÿ45ÿ456ÿ **874ÿÿ4%ÿ5ÿ7894ÿ669&ÿ4ÿ456ÿ6464ÿ6)664ÿÿ9+6ÿ(ÿ456ÿ56ÿÿ7ÿ 7894ÿ(6786ÿ456ÿ57+6ÿ7ÿ*6ÿ7894ÿ6459%ÿ797ÿ46*6474ÿÿ784%ÿ 47979ÿ4574ÿ84ÿ456ÿ&ÿ456ÿ45ÿ664)4+74ÿÿ464ÿ45ÿ5*456ÿ,ÿ ÿ 5445479%ÿ4566ÿ(6+74ÿ6ÿ984ÿ6ÿ464ÿ4ÿ76+746ÿ6)664ÿ 6ÿ86ÿ(6%ÿ(ÿ96%ÿ4+6ÿÿ7ÿÿ5%ÿ7ÿ7894ÿ4574ÿ89ÿ(6ÿ 77469ÿ45ÿ7ÿ9ÿ784%ÿ*984ÿ84ÿ66ÿ*7*6ÿ57+6ÿ986469ÿ 6+966ÿ464ÿ45ÿ7894ÿ(6%ÿ984ÿ*674ÿ.4ÿÿ45666ÿ*(6ÿ4574ÿ4ÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ :;ÿ.ÿ7ÿ847(87469ÿ77ÿ6ÿ7ÿ369ÿ74ÿ456ÿ66ÿÿ456ÿ<=6<>?@ÿ64ÿÿ)*7ÿ/A57ÿ79ÿ8744ÿ 111B2ÿ<464ÿ45ÿ456ÿ7(+6ÿ684&ÿ6ÿ9ÿ4574ÿ<=6<>?@6ÿ76ÿ6ÿÿ+786ÿÿ)*7ÿ45ÿ456ÿ76ÿ 4%ÿCÿ7894ÿ457ÿÿ)*7ÿ45ÿ4ÿ9664ÿ7894&ÿ55ÿÿ6+966ÿ4574ÿ7894ÿ57+6ÿ7ÿ4674ÿ46ÿ 45ÿ6*64ÿ4ÿ456ÿ6+6ÿÿ784%ÿ6+74ÿ456ÿ*6ÿÿ456ÿ6466ÿ ÿ

(33)

4567ÿ8595ÿ65ÿ65ÿ658ÿÿ78ÿ67ÿ89ÿ56ÿ8ÿ67ÿ7ÿÿ 8595ÿ9ÿÿÿ586ÿ85586ÿÿÿ586ÿ6758ÿ4ÿ9ÿ9ÿ67ÿ89ÿ59 58ÿ676ÿ7ÿÿ56ÿ676ÿ968ÿ67ÿ65ÿ5565ÿÿÿ56ÿ85586ÿ5ÿ67ÿ 566ÿÿ6758ÿÿ89ÿ67ÿ556ÿÿ !"#$%&'(ÿÿ58ÿ )58ÿ565*ÿ965ÿ958ÿ65ÿ)8565*ÿÿ8665865ÿ85556ÿ6ÿ67ÿ+ÿ ÿ,67ÿ885556ÿ58ÿ676ÿÿ6ÿ56ÿ5965ÿ64ÿ96568ÿ5ÿ67ÿ89ÿ 586ÿÿ6ÿ46ÿ6ÿ87ÿ67ÿ89ÿ56ÿÿ67ÿ-66ÿ96568ÿ87ÿÿ8595ÿ 65ÿ65ÿ65ÿ6758ÿ6ÿÿ8865ÿ68ÿÿ58ÿ586ÿ55ÿÿ86ÿ 8ÿ8595ÿ598ÿÿ865ÿ56ÿ568ÿ.6788ÿ4ÿ88ÿ6758ÿ8865ÿ588ÿ ÿ45ÿ5ÿ566ÿÿ8ÿ988ÿÿ586ÿ96565ÿ8ÿÿ67ÿ/57ÿ 5-ÿ6ÿ-ÿÿ56ÿ868ÿÿ588ÿ)ÿ/58ÿ220ÿ168ÿÿ26ÿ1++3ÿ 1ÿÿ/ÿ1++4*ÿ5ÿ6ÿ67ÿ/57ÿ5-ÿ85ÿ88ÿÿ1556ÿ586ÿ ÿ885ÿÿ5-ÿÿ6ÿÿ595ÿÿ586ÿÿ6ÿÿ67ÿ859556ÿ676ÿ9576ÿ ÿ5ÿÿ8ÿ96565ÿ4ÿ9ÿÿ5958ÿ5ÿ67ÿ75786ÿ5ÿÿ67ÿ /57ÿ5-ÿÿ86596ÿ67ÿ885ÿ98ÿ7ÿ868ÿ5ÿÿ1ÿÿÿ6ÿÿ 7ÿ7ÿ556ÿÿ !"#$%&'(ÿÿ67ÿ5ÿ)58ÿ565*ÿ 965ÿ958ÿ65ÿ)8565*ÿÿ8665865ÿ85556ÿ6ÿ67ÿ+ÿÿ 78889ÿ;8<ÿ=ÿ7>?@A@ÿBCBD;8<ÿ=ÿEAF8GC?@ÿ 758ÿ865ÿ68ÿ67ÿ686ÿÿ767858ÿ/1ÿ4757ÿ568ÿ6ÿ58ÿ 9556ÿÿ5958ÿ4567ÿ67ÿ89ÿ15ÿ6ÿ56ÿ67ÿ5958ÿ4567ÿ67ÿ89ÿ15ÿ6ÿ 56ÿ,8ÿÿ8665ÿ56ÿ4ÿ-95ÿ5ÿ67ÿÿ15ÿ6ÿ56ÿ86ÿ68ÿÿ67ÿ 9556ÿÿ58ÿ5ÿ86596ÿ67ÿ9ÿ5ÿH65ÿ)I*ÿÿÿ889ÿÿ59 ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿJ85866ÿ4567ÿ67ÿ566ÿÿ586ÿ85586ÿ58ÿ5ÿ8ÿÿ56ÿ676ÿ568ÿ9ÿ67ÿI+ÿ6ÿÿ67ÿ 66ÿ8868ÿÿÿ586ÿÿ8ÿÿ66ÿ5565ÿÿ586ÿ85586ÿ58ÿÿ56ÿ47ÿ568ÿ67ÿ986ÿ88ÿ 5ÿÿ586ÿ

(34)

45678ÿ96ÿ6ÿÿ5678ÿ5ÿ75ÿ5ÿ6657ÿ5765ÿ !"#$%ÿ96ÿ68ÿÿ&ÿ 6'ÿ9ÿ'67(8ÿ57ÿÿ56ÿ)ÿÿ85(ÿ6ÿÿ567ÿ5ÿ2ÿ6'ÿ)ÿ57ÿ56ÿ)ÿ9ÿ 6''7ÿ6ÿÿ5678*ÿ+ÿ788ÿ57ÿ747ÿ6ÿ+5ÿ,ÿ-5ÿ.*ÿ/7ÿ45786()ÿ9ÿÿ ÿ747ÿÿ7ÿ57658*ÿÿ 0187ÿ+5ÿ,ÿ273ÿ +ÿ788ÿ89ÿ5ÿ56ÿ5ÿ856865)ÿ866'65ÿ''66ÿÿÿ5765ÿ !"#$%ÿ'7ÿ5ÿ5758ÿÿÿ57(5ÿ5758*ÿ+ÿ86ÿ'7ÿÿ576ÿ ((ÿ(76ÿ45678967:;ÿ68ÿ58ÿ866'65ÿÿ6ÿÿ4486ÿ676ÿÿ5ÿ 476ÿ'7ÿ757ÿ(457566)*ÿ+7'7ÿ7ÿ68ÿÿ868ÿ6ÿ5ÿ9ÿ(4568ÿ 56ÿ)ÿÿ85(ÿ6ÿÿ567ÿ5ÿ(7ÿ(4575ÿ5768ÿ5ÿ5ÿ4567ÿ'ÿ(4568ÿ 56ÿ)ÿ9ÿ6''7ÿ6ÿÿ5678*ÿ<ÿ58ÿ478ÿÿ788ÿ=8ÿ'7ÿ5ÿ885(4ÿ'ÿ '67(45678ÿ56ÿ)ÿ(667ÿ5678*ÿ<ÿ>5(6ÿ(667ÿ5678ÿ58ÿ6ÿ68ÿ4886ÿ)ÿ5ÿ5ÿ 757ÿ68(ÿ6ÿ68ÿ4775(8ÿ5ÿ7ÿ8(57ÿ6ÿÿ5678*ÿ+ÿ5765ÿ 8#?@#Aÿ68ÿÿ&ÿ6'ÿ9ÿ'67(8ÿ57ÿÿ56ÿ)ÿÿ85(ÿ(667ÿ567ÿ5ÿ2ÿ6'ÿ)ÿ 57ÿ56ÿ)ÿ9ÿ6''7ÿ(667ÿ5678ÿ97ÿÿ(667ÿ5678ÿ57ÿCDÿE6(5ÿ F75ÿ+7ÿ5ÿGF57)ÿ5ÿ-*ÿ+ÿ788ÿ747ÿ6ÿ+5ÿ,ÿ-5ÿÿ89ÿ5ÿ 56ÿ5ÿ856865)ÿ866'65ÿ''66ÿÿÿ5765ÿ8#?@#Aÿ'7ÿ5ÿ5758ÿ 457(5ÿ5758ÿ57ÿ95H)ÿ866'65ÿ5ÿÿ&2ÿ47ÿÿ56;ÿ5ÿ5768ÿ 57656ÿ68ÿÿ866'65*ÿD75ÿ9ÿÿ7ÿ68ÿ)ÿ95Hÿ5ÿ6868ÿ6ÿ 5ÿ56ÿÿ85(ÿ6ÿÿ567ÿ5''8ÿÿ(457566)ÿ'ÿ5768*ÿ <ÿ9ÿ7ÿÿ5ÿ'7(5ÿ8ÿ'ÿ2I*ÿ<ÿ'678ÿ54475ÿ68ÿ)ÿ876ÿ5ÿ885(4ÿ 'ÿ'67(45678ÿ5ÿ67ÿ5ÿÿ85(ÿ6ÿÿ567ÿ7ÿÿ85(ÿ6ÿÿ567*ÿ<ÿÿ7 86(5ÿÿ(ÿ6ÿJ56ÿ41;ÿ96ÿÿ6657ÿ5765ÿ"#$%ÿ96ÿ68ÿÿ&ÿ6'ÿ9ÿ

(35)

45678ÿ96ÿÿ95ÿÿÿ897ÿ5ÿÿ956ÿ9ÿÿ54ÿÿ96ÿ95ÿÿÿ897ÿ5ÿÿ 956ÿÿ688ÿ66ÿ5ÿ9ÿÿ9ÿÿ8 ÿ9ÿ95!ÿ9ÿ89585"9ÿ85545"9ÿ "445"5ÿÿÿ!9659ÿ#$%&'()*+ÿ46ÿ9ÿ9""698ÿÿ9ÿ89585"9ÿ585545"9ÿ "445"5ÿ46ÿ9679ÿ9""698ÿ,6ÿ-./01'./2ÿÿ"445"5ÿ58ÿ855!ÿ398ÿ65"4ÿ 9ÿ 95ÿ89585"9ÿ85545"9ÿ9ÿÿ2ÿ6"ÿ!ÿ3954ÿ646ÿ6ÿ58ÿ87ÿ !5"ÿ"858ÿ 5ÿ5ÿÿ9568ÿ9!5ÿ9ÿ696ÿ44"ÿÿ9658ÿ"796955ÿ9ÿ 5ÿÿ9568ÿ58ÿ4ÿ5ÿÿ9ÿ5ÿÿ9568ÿ"9ÿ5446ÿ5ÿ"75"ÿ49798ÿ 5"ÿ9ÿ678ÿ66885ÿ79ÿÿ999ÿ"6ÿ46ÿÿ9688ÿ58ÿ ÿ:975ÿ9ÿ 8897ÿ4ÿ45679568ÿ5ÿ 5"ÿÿ85;ÿ4ÿ9"ÿ4567ÿ78ÿÿ ÿÿ8798ÿ4567ÿ95ÿ ÿ9ÿ5ÿÿ956ÿ9ÿÿ968ÿ4567ÿ95ÿÿ9ÿ5ÿÿ956ÿÿ88ÿ5ÿ9ÿÿ9ÿ <ÿ8 ÿ9ÿ95!ÿ9ÿ89585"9ÿ85545"9ÿ"445"5ÿÿÿ!9659ÿ#$%&'()*+ÿ46ÿ9ÿ 9""698ÿ9ÿ79659ÿ89585"9ÿ85545"9ÿ"445"58ÿ46ÿ9679ÿ9""698ÿ9ÿ9658ÿ "!96595ÿ32ÿ6"ÿ!ÿ954ÿ=ÿ87796ÿ6ÿ58ÿ86ÿ46ÿ>?ÿ9ÿ5ÿÿ9568ÿ 9!ÿ696ÿ9""5ÿ"796955ÿ 55ÿ56ÿ"58ÿ9ÿ""68ÿ46ÿ5ÿÿ9568ÿÿ

ABCÿDEFGFHAEÿAHIFJKLGEDÿ

=ÿ58ÿ8"5ÿ ÿ"9"9ÿÿ"75"ÿ85545"9"ÿ4ÿ956ÿ8ÿ44"8ÿÿÿ "796955ÿ4ÿ9658ÿ=ÿÿ9""6985446"ÿ8ÿ66ÿ5ÿ9ÿ?ÿÿ"445"5ÿ58ÿ 2ÿÿ#$%&'()*+ÿ 5"ÿ798ÿ9ÿÿ9!69ÿ44"ÿ4ÿ956ÿ8ÿÿ66ÿ9658ÿ58ÿ 96:579ÿ2ÿ6"ÿ4ÿ9ÿ9888ÿ> !6ÿÿ99858ÿ4ÿ956ÿ"98ÿ5ÿ9ÿ1ÿ 9ÿMÿ 5"ÿ58ÿ969ÿ9ÿ866ÿ8ÿ888ÿ9ÿ966ÿ795ÿ"86ÿÿÿ6"ÿ4ÿ 9888ÿÿ759ÿ4567ÿ5ÿ6ÿ8ÿ98ÿ9ÿ695ÿN6Mÿ3695ÿ5"7ÿ8"9ÿÿ9!69ÿ 9ÿ98884ÿ4ÿO11ÿ6"ÿ646ÿÿ956ÿ8ÿ44"ÿÿÿ9ÿÿ6"ÿ854ÿ5ÿ 9""698ÿ38"9ÿÿ98884ÿ 5ÿ"98ÿ9ÿÿ6"ÿ"9ÿ5ÿ695ÿN6Mÿ46ÿÿ9!69ÿ4567ÿ

(36)

45ÿ678ÿ98ÿ11ÿÿÿÿ ÿ!"#"ÿ$%&' (ÿ))%'ÿ&ÿ)"#!*ÿ$)"'ÿ# ("&!ÿ +8,-98ÿ989ÿ5.ÿ6/6ÿ99869ÿ08ÿ5801ÿ678ÿ98ÿ2/0ÿ678ÿ8.45ÿ240ÿ45ÿ678ÿ98ÿ378ÿ8.45ÿ 064/ÿ/2ÿ989ÿ6/ÿ99869ÿ49ÿ456ÿ5.ÿ678ÿ8.45ÿ/806457ÿ0/246ÿ0745ÿ49ÿ2ÿ80,856ÿ8/ÿÿÿ 80,856ÿ97426ÿ45ÿ,,0-9ÿ9/-.ÿ,-98ÿÿ5:ÿ80,856ÿ,7578ÿ45ÿ/806457ÿ0745ÿ2ÿ;5ÿ+/67ÿ <=>ÿ5.ÿ0/246ÿ0745ÿ,,-64/596ÿÿ20,64/5ÿ/2ÿ/58ÿ80,85678ÿ/456ÿ45ÿ,,0-9ÿ9,8.ÿ+1ÿ 99869ÿ79ÿÿ5/5604?4ÿ8228,6ÿ ;5ÿ678ÿ-.46/0ÿ24@8.ÿ8228,6ÿ/.86ÿ9785ÿ6/6ÿ,,0-9ÿ49ÿ678ÿ.885.856ÿ?04+86ÿ678ÿ 45.4?4.-ÿ-.46ÿ240ÿ,/8224,48569ÿ0578ÿ20/ÿÿ/9ÿ/2ÿAÿ6/ÿÿ7477ÿ/2ÿBÿ>ÿ+-6ÿ/58ÿ ,/8224,4856ÿ49ÿ9475424,56ÿ6ÿ678ÿÿCÿ4ÿ8?8ÿ69/A646ÿ9467ÿ5ÿ8D-ÿ5-+80ÿ/2ÿ/9464?8ÿ5.ÿ 58764?8ÿ,/8224,48569ÿÿ378ÿ,/8224,48569ÿ08ÿ45680086+8ÿ9ÿ80,85678ÿ8228,69ÿ/5ÿ6/6ÿ,,0-96ÿ 9/ÿ678ÿ80,85678ÿ0578ÿ49ÿ20/ÿAÿ6/ÿBÿ80,856ÿ/2ÿ,,0-96ÿ9,8.ÿ+1ÿ99869ÿE409498ÿ "))&%!ÿ"&ÿ "'ÿ)"#!*ÿ%))"%"&'!ÿ Fÿ &ÿ F (ÿ !68ÿ?-8ÿ/2ÿ2:6ÿ/0ÿ2:ÿ80,856ÿ ,,0-9ÿ>9ÿ.8/596068.ÿ45ÿ678ÿ<=>ÿ5.ÿ0/246ÿ0745ÿ51949ÿ+/?86ÿÿ80,85678ÿ/456ÿ ,7578ÿ45ÿ,,0-96ÿ9,8.ÿ+1ÿ998696ÿ79ÿÿ5/5604?4ÿ8228,6ÿ/5ÿ2455,4ÿ96688569ÿ5.ÿ2455,4ÿ 064/9ÿ ;5ÿ678ÿ8054579ÿ,/?0464/5ÿ6896ÿ45ÿ3+8ÿ6ÿ678ÿ,/8224,4856ÿ49ÿ2ÿ2/0ÿGHIJKLMNOÿ3749ÿ 4489ÿ676ÿ-.46/0ÿ9618ÿ45,08989ÿ678ÿ,/?045,8ÿ/2ÿ80545796ÿ/5ÿ?80786ÿ+1ÿ241ÿ80,856ÿ20/ÿ ÿ+98ÿ/2ÿPÿ2Pÿ378ÿ8228,6ÿ49ÿ/08ÿ.4224,-6ÿ6/ÿ45680086ÿ+8,-98ÿ46ÿ49ÿÿ,7578ÿ45ÿ0A 9D-086ÿ+-6ÿ678ÿ80,85678ÿ7546-.8ÿ49ÿ45ÿ458ÿ9467ÿ678ÿ+/?8ÿ68969ÿ Q8,-98ÿ6749ÿ49ÿ678ÿ24096ÿ96-.1ÿ6/ÿ8@458ÿ-.46/0ÿ96186ÿ98ÿ7?8ÿ5/ÿ8404,ÿ8?4.85,8ÿ6/ÿ 452/0ÿ/-0ÿ04/09ÿ9ÿ6/ÿ976ÿ678ÿ7546-.89ÿ97/-.ÿ+8ÿR/98?806ÿ98ÿ+848?8ÿ678ÿ7546-.89ÿ2/0ÿ +/67ÿ678ÿ,,0-ÿ5.ÿ8054579ÿ,/?0464/5ÿ8604,9ÿ08ÿ-94+8ÿ5.ÿ,5ÿ+8ÿ,687/04S8.ÿ9ÿ078ÿ 85/-77ÿ6/ÿ6680ÿ45ÿ5ÿ8,/5/4,ÿ9ÿ98ÿ9ÿ9664964,ÿ98598ÿ

(37)

34ÿ6786978ÿ ÿÿÿÿÿÿÿÿÿ!ÿÿÿ ÿÿ"ÿ ÿÿ## "ÿ#ÿÿ#ÿÿ##ÿ#"#ÿ#$%ÿ&ÿÿ #ÿÿÿÿ#ÿ $ ÿ#ÿ'ÿÿÿÿÿÿÿÿ'ÿÿÿ("ÿ)ÿ #"ÿ*ÿÿÿ!ÿ#ÿÿÿÿÿÿÿ$"ÿ +"ÿ ÿ,-./-0ÿ20ÿ234-.5678ÿ9:-;0.;:;%ÿ<ÿ" ÿÿ#ÿ#ÿ#"ÿÿÿ#ÿ !#ÿÿÿÿ#ÿ"!ÿÿ#ÿ#'ÿ#ÿÿ*ÿ"ÿÿ # ÿ#ÿÿ=<>(?<>(ÿ#!"ÿ#@%ÿ&ÿÿ#ÿÿÿ# ÿ#ÿÿ ##ÿ"*ÿÿ#*ÿÿ #ÿ#ÿÿ"ÿÿ##ÿ#ÿ#"ÿ #'%ÿÿ"ÿÿÿ("ÿ)ÿÿÿÿ#ÿÿÿÿ!"ÿÿ#ÿ Aÿÿ#ÿ#ÿÿÿÿ#ÿÿ#ÿÿ #ÿ#ÿB<<>ÿ C"ÿDÿÿÿ#ÿÿ#ÿ#ÿB<<EÿC#"ÿD%ÿÿ &ÿ ÿ!ÿÿ'ÿ#ÿ #%ÿ=*ÿÿ#!ÿ#ÿ#ÿF#ÿÿ%ÿ CGHIHDÿ#ÿ#@ÿÿÿÿÿ'*ÿ##ÿ"ÿÿÿ #ÿÿ! #ÿÿ#ÿ#ÿÿÿ"!ÿÿ#ÿ#'ÿÿÿ##ÿ #ÿÿ%ÿÿÿ#ÿ#ÿÿÿÿ#ÿ! #ÿ#ÿÿ#ÿ ÿ#'ÿÿÿ %ÿJÿ#ÿÿÿ #ÿÿ#ÿÿ #'ÿ'ÿ#ÿ *ÿ #"ÿÿ#ÿ#ÿ$#ÿÿÿÿÿ"ÿ ÿÿ# ÿ#ÿÿÿ'ÿ#ÿ#ÿ%ÿÿ#ÿ#'ÿ#ÿÿÿÿ 'ÿ#"ÿÿ("ÿ)ÿ#"ÿÿÿ!ÿÿÿ#ÿ#ÿ"ÿ'ÿÿÿ #ÿ!# ÿ'ÿ!"*ÿ *ÿ#"ÿ#'%ÿÿÿÿÿÿ 'ÿ("ÿ)ÿ#ÿ!ÿ"ÿ#"ÿ#'ÿÿÿÿ'ÿ#("ÿ)ÿ #*ÿÿ""ÿ#ÿ#ÿÿÿÿ#ÿ#ÿ"#ÿ%ÿ?ÿÿ#ÿÿ

(38)

4567ÿ8958ÿ7549ÿÿ2ÿ58ÿÿÿÿÿ ÿ!949ÿ57486ÿ544"#8#ÿ4"$55%&8'ÿ5#ÿ6ÿ 8977"7ÿ5#"897ÿ6"47ÿ"ÿ(558"#ÿ!89#ÿ897ÿÿ2ÿ"$ÿ"ÿ58"6)ÿÿ

*9&7ÿ897ÿ$$"67ÿ"ÿ"ÿ#(76858"#ÿ6ÿ#"8ÿ8"ÿ7+5#7ÿÿ897ÿ544"#8#ÿ4"$55%&8'ÿ 56#ÿ"ÿ58ÿ68'&7ÿ$"(76ÿ75##6ÿ,5&8' ÿ"ÿ##6ÿ6768ÿ896ÿ6ÿ5ÿ67&ÿ575ÿ"ÿ 87ÿ767549)ÿ-#ÿ"#7ÿ95# ÿ897ÿ#.9"67ÿ!"/#ÿ&76ÿ"ÿ58ÿ6ÿ57ÿ%7#745&ÿÿ897'ÿ #07ÿ5#"ÿ7"6ÿ%'ÿ58ÿ685ÿ5#ÿ5#"ÿ7"6ÿ5#1"ÿ#87#8"#5&ÿ%5676ÿ%'ÿ4&7#86 ÿ 2ÿ34ÿ5678ÿ79ÿ:3ÿÿÿ347;ÿ2)ÿ<"!7(7ÿ896ÿ7748ÿ5&6"ÿ 5&&"!6ÿ"ÿ897ÿ$"66%&8'ÿ"ÿ6'687584ÿ77#476ÿ%78!77#ÿ58"ÿ4&7#87&76)ÿ-ÿ68'ÿ7$"86ÿ 6"7ÿ6768(7ÿ7(7#47ÿ8958ÿ%"89ÿ77486ÿ"44)ÿ="ÿ7+5$&7 ÿ>5%&7ÿ?ÿ69"!6ÿ8958ÿ.$56ÿ#ÿ 897ÿ657ÿ#68'.'75ÿ95(7ÿ65&&7ÿ77#476ÿ#ÿ5%#"5&ÿ5445&6ÿ!97#ÿ587ÿ%'ÿ897ÿ657ÿ ÿ2ÿ58"ÿ5#ÿ!7ÿ/#"!ÿ8958ÿ&57ÿ5%#"5&ÿ5445&6ÿ57ÿ566"4587ÿ!89ÿ897ÿ&/7&9""ÿ"ÿ 4&7#8ÿ67$"8#ÿ@A749"!ÿ78ÿ5&)ÿBCCDEÿA749"!ÿ78ÿ5&)ÿ?FBBG)ÿ*7ÿ5&6"ÿ"47#8ÿ#ÿ>5%&7ÿB ÿ H5#7&ÿÿ8958ÿ.$56ÿ!89ÿ65&&7ÿ5445&.77#476ÿ95(7ÿ"7ÿ6&5ÿ75##6ÿ87ÿ6776ÿ @IJ-KHLJ-MGÿ5#ÿ>5%&7ÿ2ÿ69"!6ÿ8958ÿ68"4/ÿ78#6ÿ"ÿ.$56ÿ57ÿ"7ÿ6&5ÿ @NI>LJ-MGÿ!97#ÿ897ÿ75##6ÿ87ÿ6776ÿ57ÿ"7ÿ6&5)ÿ>"7897ÿ89767ÿ76&86ÿ6768ÿ8958ÿ 897ÿ544"#8#ÿ4"$55%&8' ÿ56ÿ7#7ÿ#ÿ896ÿ68' ÿ&756ÿ8"ÿ5ÿ"7ÿ6&5ÿ5$$#ÿ"ÿ 75##6ÿ8"ÿ68"4/ÿ78#6ÿ"ÿ.$56 ÿ5#ÿ8977"7ÿ6ÿ$"87#85&&'ÿ(5&7.7&7(5#8)ÿ<"!7(7ÿ5#ÿ $"85#8ÿ5&87#58(7ÿ$"66%&8'ÿ6ÿÿ8ÿÿ$"676ÿ4"#6687#4'ÿ5#ÿ#"8'ÿ58ÿ897ÿ 7+$7#67ÿ"ÿ7&7(5#47ÿ5#ÿ87ÿ4"$55%&8')ÿO6ÿ=OPÿ@?FBF ÿ$5)ÿQ?1Gÿ458"#6 ÿ#"8'ÿ 5'ÿ5/7ÿ89#6ÿ&""/ÿ897ÿ657ÿ%8ÿ#"8'ÿ6ÿ#"8ÿ4"$55%&8' ÿ!977ÿ897ÿ"%R748(7ÿ6ÿ8"ÿ 5SÿSÿ9ÿSÿSTÿ4ÿ4UU7ÿ9ÿSÿ4UU7Vÿ>977"7 ÿ5ÿ&"45&ÿ#7+8ÿ687$ÿ 6ÿ8"ÿ68'ÿ897ÿ$&458"#6ÿ"ÿ58"ÿ68'&7ÿ"#ÿ897ÿ,5&8'ÿ5#ÿ#"58(7#766ÿ"ÿ75##6 ÿ5#ÿ8"ÿ

(39)

4567894ÿ8ÿ68894ÿ6989ÿ76688ÿ874ÿ46989ÿ68ÿÿ8ÿ8ÿ46ÿÿ

References

Related documents

Likewise, in a multivariate setting, when a cojump occurs on two or more asset prices, the observed return product (i.e. in the bivariate case, the intraday return of asset 1 × that

 Listening to photo story and spoken German on CD and working out exercises to check understanding.  Students ask one another questions: Was machst du,

For the weakly correlated instances, the original ILP model was used because, although the improved ILP model allows solving this type of instance, it needs to be solved several

The goal of the Leadership Development for Career Principals program is to provide continuing relevant, high quality leadership development opportunities for career school

2. Data Processing modality. Data will be processed by appropriate devices ensuring their security and confidentiality. Data could be also processed by automatic machines employed

Unlike most other trees, the pine does not wither during winter and thus represents noble endurance in the face of adversity and is often depicted as a popular and auspicious motif

cos, se trata de interactuar con los usuarios por medio de plataformas digitales para obtener información de sus preferencias y ofrecer un servicio personalizado; la

Further, while Ndiritu (2012) explored the relationship between transformational leadership characteristics and students’ academic performance in Kenya Certificate of