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ʙǭǴǭʚȅǭ

ǥǭȅǮʞǶǽǭǸǭʖȈȅ

ǛǾȈǴǭǿǿȈǾǭǿȈǼǭǸȀȈʚȈǴǮǲǺʘʞǿǿȈʘǿǭǶǹȈǴǳʣǺǲ3KLOLSV

ǷǻǹǼǭǺǵȌǾȈǺǭʘǻȅǷǲǸǱȒʚȒǴ3KLOLSVʞǾȈǺǭǿȈǺʘǻǸǱǭȀǱȈǿǻǸȈʘ

ǼǭǶǱǭǸǭǺȀʜȅȒǺʥǺȒǹǱȒZZZSKLOLSVFRPZHOFRPHǿǻǽǭǮȈǺǱǭǿȒǽǷǲʚȒǴ

 ǙǭʜȈǴǱȈ

ʗʞǽǭǸǱȈʘǻǸǱǭǺǭǽǭǸǱȈǺǱǭǻǾȈǼǭǶǱǭǸǭǺȀȅȈǺʞǾʘǭȀǸȈʖȈǺǹʞʘǵȌǿ

ǻʘȈǼȅȈʖȈʚȈǴǳʣǺǲǮǻǸǭȅǭʘǿǭǭǺȈʘǿǭǹǭʘʞǽǭǸȈǽǲǿȒǺǱǲǼǭǶǱǭǸǭǺȀ

ʜȅȒǺǾǭʘǿǭǼʘǻǶȈʚȈǴ



ǍǎǍǖǘǍʙǨǔǎʞǸʘʞǽǭǸǱȈǾȀǱȈʚǳǭǺȈǺǱǭǼǭǶǱǭǸǭǺǮǭʚȈǴ



ǓȀȈǺǭǿȈǺǮʥǸǹǲǱǲǼǭǶǱǭǸǭǺȈǼ

ǮǻǸʖǭǺǺǭǺǷǲǶȒǺʘʞǽǭǸǱȈǽǻǴǲǿǷǭǱǭǺ

ǭǳȈǽǭǿȈʚȈǴǞǲǮǲǮȒʘʞǽǭǸǱȈʚ

ʥȅȒǽȒǸǰǲǺǷʜǶȒǺǱǲǱǲǾȀʖǭǳǭʘȈǺ

ǻǽǺǭǸǭǾȀȈʘǭȀȒǼǿȒǮǻǸȈǼǲǾǲǼǿǲǸǲǱȒ



ǍǎǍǖǘǍʙǨǔʗʞǽǭǸǱȈǯǭǺǺǭǱȀȅ

ǮǭǾǾǲǶǺǺǲǹǲǾǲǾȀǹǲǺǿǻǸǿȈǽȈǸʖǭǺ

ǮǭǾʘǭǴǭǿǿǭǽǱȈʚǳǭǺȈǺǱǭ

ʘǻǸǱǭǺǮǭʚȈǴ



ǜǭǶǱǭǸǭǺȈǼǮǻǸʖǭǺǺǭǺ

ǷǲǶȒǺʘʞǽǭǸǱȈǿǻǷǷʥǴȒǺǲǺ

ǭǳȈǽǭǿȈʚȈǴ



ʗȀǭǿǾȈǹȈǴǭʘȈǹǱǭǺʖǭǺ

ǮǻǸǾǭʘǭȀȒǼǿȒǳǭʖǱǭǶ

ǻǽȈǺǭǸǹǭȀȈʜȅȒǺǻǺȈǿǲǷ3KLOLSV

ǷǻǹǼǭǺǵȌǾȈǺǱǭ3KLOLSVǹǭʘʞǸǱǭʖǭǺ

ʘȈǴǹǲǿǻǽǿǭǸȈʖȈǺǱǭǺǲǹǲǾǲǮȒǸȒǷǿȒ

ǹǭǹǭǺǱǭǽǭȀȈǾǿȈǽȀȈǷǲǽǲǷ



ǎǭʘȈǸǭȀǭǾǿȈǺǱǭǮǻǸǾǭǺǲǹǲǾǲ

ʘʞǽǭǸǱȈʘǭȀȒǼǾȒǴǿʜǽǱǲǼǭǶǱǭǸǭǺȀ

ǿȀǽǭǸȈǺʞǾʘǭȀǸǭǽǭǸʖǭǺǮǻǸǾǭǳʣǺǲ

ǮǭǶǸǭǺȈǾǿȈʘǭȀȒǼǿǲǽǱȒǿʜǾȒǺǾǲ

ǮʞǸʘʞǽǭǸǱȈǳʣǺǲǻǱǭǺǳǻʖǭǽȈ

ǳǭǾǿǭʖȈǮǭǸǭǸǭǽǳʣǺǲǱǲǺǲǾǲǴȀ

ǺǲǹǲǾǲǭʘȈǸǻǶʘǭǮȒǸǲǿǿǲǽȒǷǲǹȌ

ǮǻǸǹǭǾǭǿʣǳȒǽǵǮǲǾȒǹǲǺǮȒǸȒǹȒǳǻʘ

ǭǱǭǹǱǭǽǼǭǶǱǭǸǭǺǭǭǸǭǱȈǎǭǸǭǸǭǽ

ʘʞǽǭǸǹǲǺǻǶǺǭǹǭȀȈǷǲǽǲǷǎǭǸǭǸǭǽ

ǿǭǴǭǸǭȀǱȈǳʣǺǲǼǭǶǱǭǸǭǺȀȅȈǺȈʚ

ǷʜǿȀȒǺǮǭʘȈǸǭȀǾȈǴǻǽȈǺǱǭǹǭȀȈ

ǷǲǽǲǷ



ʗʞǽǭǸǱȈʘǻǾǭǽǭǸǱȈǺǱǭǻǺǱǭ

ǷʥǽǾǲǿȒǸǰǲǺǷǲǽǺǲȀǳǲǽǰȒǸȒǷǿȒ

ǷǲǽǺǲȀǰǲǾʣǶǷǲǾǷǲǸǲǿȒǺȒǺǿǲǷǾǲǽȒʚȒǴ



ʗʞǽǭǸǱȈǻǾȈǺʞǾʘǭȀǸȈʘǿǭ

ǷʥǽǾǲǿȒǸǹǲǰǲǺǮǭǾʘǭǹǭʘǾǭǿǿǭǽʖǭ

ǼǭǶǱǭǸǭǺǮǭʚȈǴ



ǝǻǴǲǿǷǭʖǭʘǻǾȈǸȈǼǿʞǽʖǭǺǱǭ

ʘʞǽǭǸǱȈǲȅȀǭʘȈǿǿǭʘǭǱǭʖǭǸǭȀǾȈǴ

ʘǭǸǱȈǽǹǭʚȈǴ



ǎǭǾʘǭʥǺǱȒǽȀȅȒǸǲǽȅȈʖǭǽʖǭǺǺǲǹǲǾǲ

3KLOLSVǷǻǹǼǭǺǵȌǾȈǺǭʘǿȈʞǾȈǺǮǭʖǭǺ

ʘǻǾǭǸʘȈʘʞǽǭǸǱǭǽǹǲǺǮʥǸȅǲǷǿǲǽǱȒ

ǼǭǶǱǭǸǭǺȀȅȈǮǻǸǹǭʚȈǴǛǺǱǭǶ

ʘǻǾǭǸʘȈʘʞǽǭǸǱǭǽǹǲǺǮʥǸȅǲǷǿǲǽǱȒ

ǼǭǶǱǭǸǭǺǾǭʚȈǴʘʞǽǭǸǱȈʚǷǲǼȒǸǱȒǰȒʥǴ

ǷʜȅȒǺǳǻȌǱȈ



ʗȀǭǿǾȈǹȈǺʘʞǽǭǸʖǭǻǽǭǹǭʚȈǴ



ʗʞǽǭǸǱȈǳǵǺǭǼʘǻȌǿȈǺǺȈʚǭǸǱȈǺǱǭ

ǻǺȈʚǾʣǸǾȀȈʖǭǺȈǺǷʜǿȒʚȒǴ



ʗʞǽǭǸǱȈǼǭǶǱǭǸǭǺʖǭǺǱǭǿǻǸȈʘ

ǹʞʘǵȌǿǮǻǸȈʚȈǴǾǲǮǲǮȒǻǸʘǭǿǿȈ

ȈǾǿȈʘǮǻǸǭǱȈǎǭǾʘǭǮʥǸȒǷǿǲǽȒȈǾǿȈʘ

ǮǻǸǭǿȈǺǱȈʘǿǭǺǿǲǷǿʞǿʘǭǾȈǺǭǺ

ʞǾǿǭʚȈǴǳʣǺǲǿǲǽȒǰǲǿǵǰȒǴȀǱǲǺǾǭʘ

ǮǻǸȈʚȈǴ



ʢǽʘǭȅǭǺʘʞǽȈǸʖȈǺȈʚǿȒǽǲǰȒǺ

ȈǾǿȈʘʘǭǿʥǴȒǹǱȒǿʞǽǭʘǿȈǿǲǰȒǾǮǲǿǷǲ

ʘǻǶȈʚȈǴǨǾǿȈʘȃǵǸǵǺǱǽǲȅʘǭȅǭǺ

ǮǲǿǷǲǺǲǹǲǾǲǮǭǾʘǭǿǲǴǿʞǿǭǺʖȈȅ

ǹǭǿǲǽǵǭǸʖǭǿǵǹǲȀȒǷǲǽǲǷ



ʗȀǭǿǾȈǹȈǺʘʞǽȈǸʖȈǺȈʚʘȈǴȈǼ

ǷǲǿǲǿȒǺǳǲǽǸǲǽȒǺǲǿǵǰȒǴǮǲʚȒǴ



ʗʞǽȈǸʖȈʘǻǾȀǸȈǿʞǽʖǭǺǷǲǴǱǲǻǺȈ

ǿǲǴǳǭǺȈǼǷǲǿǲǿȒǺǴǭǿǿǭǽǹǲǺ

ǹǭǿǲǽǵǭǸǱǭǽǱǭǺǭǸȈǾʞǾǿǭʚȈǴ

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ʗʞǽǭǸʘȈǴȈǼǿʞǽʖǭǺǱǭǻǺȈǲȅʘǭȅǭǺ

ǲȅǿǲʚǲǹǲǺǳǭǼǼǭʚȈǴǹȈǾǭǸȈ

ǾʜǸǰȒǹǲǺǺǲǹǲǾǲǹǭǿǭǹǲǺ



ʗʞǽǭǸǱȈǿǲǷʘʞǽʖǭʘȅǭȅʘǭ

ǼǭǶǱǭǸǭǺȈʚȈǴǨǸʖǭǸʘǻǸǹǲǺ

ʘʞǽǭǸǱȈǼǭǶǱǭǸǭǺǮǭʚȈǴ



ǥǭȅǷǲǼǿȒǽǰȒȅǿȒǿǭǴǭʞǾǿǭʚȈǴ

ǻǸǭǽǱȈȅǭʚǺǭǺǳʣǺǲǹȀǾǾǾǼǽǲǶ

ǳʣǺǲǰǲǸȉǾǵȌʘǿȈȅǭȅʜǸǰȒǸǲǽȒǺ

ǳǭǾǭǶǿȈǺǴǭǿǿǭǽǱǭǺǿǭǴǭʞǾǿǭʚȈǴ

ʗʞǽȈǸʖȈǺȈǲȅʘǭȅǭǺȅǭȅʜǸǰȒǸǲǽȒǺ

ǳǭǾǭǶǿȈǺǴǭǿǿǭǽǹǲǺǮȒǽǰǲ

ǼǭǶǱǭǸǭǺǮǭʚȈǴ



ǣǵǸǵǺǱǽǮǭǽȂǭǿǼǲǺʘǭǼǿǭǸʖǭǺ

ǎʞǸǳǭǮȈǺȀǭʘȈǿʥǿǲǳǭǶǸǭǼ

ǲǾǷȒǽǲǱȒǑǲǰǲǺǹǲǺǮʞǸʘʞǽȈǸʖȈǺȈʚ

ǳʞǹȈǾȈǺǭʣǾǲǽǲǿǼǲǶǱȒ



ǒǰǲǽʘʞǽȈǸʖȈǺȈǮǻȌǸʖǭǺȅǭȅʘǭ

ʘǻǸǱǭǺǾǭʚȈǴȃǵǸǵǺǱǽǱǲǱǭʘǿǭǽ

ǼǭǶǱǭǮǻǸȀȈȈʘǿǵǹǭǸǍǸǱȈǹǲǺ

ǻǺȈǳǭǾǭǺǱȈȅǭȅǿǭǼǭǶǱǭǸǭǺȈʚȈǴ

ʣǽʘǭȅǭǺǱǵǾǿǽǵǮȉȋǿǻǽǹǲǺ

ǷǲʚǲǾȒʚȒǴ

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ǟǲǷǾǲǽȀǺǲǹǲǾǲǳʥǺǱǲǿȀʜȅȒǺ

ʘʞǽǭǸǱȈǿǲǷʘǭǺǭ3KLOLSVǽʞʘǾǭǿ

ǲǿǷǲǺʘȈǴǹǲǿǻǽǿǭǸȈʖȈǺǭǭǼǭǽȈʚȈǴ

ǎȒǸȒǷǿȒǸȒǰȒǳǻʘǭǱǭǹǱǭǽǱȈʚǳʥǺǱǲȀȒ

ǼǭǶǱǭǸǭǺȀȅȈʖǭʥǿǲʘǭȀȒǼǿȒǳǭʖǱǭǶ

ǿȀǱȈǽȀȈǹʜǹǷȒǺ

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ǪǸǲǷǿǽǿǻǰȈǾǻʘǼǭȀȈʜȅȒǺ

ǿǲǾȒǷǿǲǽǰǲǿǲǹȒǽǴǭǿǿǭǽǱȈǾǭǸǹǭʚȈǴ

ǪǸǲǷǿǽǻǹǭǰǺǵǿǿȒǷʧǽȒǾǿǲǽǪǙʦ

ǛǾȈ3KLOLSVʘʞǽǭǸȈȊǸǲǷǿǽǻǹǭǰǺǵǿǿȒǷʥǽȒǾǿǲǽǰǲʘǭǿȈǾǿȈǮǭǽǸȈʘ

ʘǻǸǱǭǺȈǾǿǭʖȈǾǿǭǺǱǭǽǿǿǭǽǹǲǺǲǽǲǳǲǸǲǽǰǲǾʣǶǷǲǾǷǲǸǲǱȒ

ʙǻǽȅǭʘǭǺǻǽǿǭ

ǎʞǸʥǺȒǹʘǭǶǿǭʥʚǱǲǼʘǭǶǿǭǼǭǶǱǭǸǭǺȀʖǭǮǻǸǭǿȈǺǳǻʖǭǽȈ

ǾǭǼǭǸȈǹǭǿǲǽǵǭǸǱǭǽǹǲǺǮʥǸȅǲǷǿǲǽǱǲǺǳǭǾǭǸʖǭǺ

ʥǺȒǹǰǲǻǾȈʜǾǿȒǾȈǴȈǸʖǭǺǱʥʚǰǲǸǲǷǿȒʘǻʘȈǾǾǲǮǲǿȒǺȒʚǮǲǸǰȒǾȒ

ǳǭǼǾȈǽȈǸʖǭǺǮǻǸǾǭǮʞǸ³ʥǺȒǹǰǲ(8ǲȀǽǻǼǭǸȈʘǺʞǾʘǭȀȈ

ʘǻǸǱǭǺȈǸǭǱȈǱǲǰǲǺǾʥǴ

ǪǸǲǷǿǽǳʣǺǲȊǸǲǷǿǽǻǺǱȈʘǮʞǶȈǹǱǭǽǱȈʘǻʘȈǾʘǭǸǭʘǿȈǽȀǳǲǽǰȒǸȒǷǿȒ

ǲǽǲǳǲǸǲǽȒǹǲǺǿǭǺȈǾȈǼǭǸȈʚȈǴ

ǓǲǽǰȒǸȒǷǿȒǲǽǲǳǲǸǲǽǱȒǾǭʘǿǭǼǲǾǷȒǽǰǲǺǮʞǶȈǹǱǭǽǱȈʣǱǲǼǷȒʘǻʘȈǾʘǭ

ʘǻǾǼǭǶǳǲǷǲǸǭʘǿȈǽȀȈʚȈǴǱȈʥǿȒǺǲǹȒǴǒǾǷȒǽǰǲǺʥǺȒǹǱȒʘǻʘȈǾʘǭ

ǱʞǽȈǾǿǭǾǿǭȀʘǻǽȅǭʖǭǺǻǽǿǭǹǲǺǭǱǭǹǱǲǺǾǭȀǸȈʖȈǺǭǷǲǽȒʣǾǲǽǿǵȋ

ǹʜǹǷȒǺǱȒǰȒǺȒʚǭǸǱȈǺǭǸȀʖǭǷʥǹǲǷǿǲǾǲǱȒ

 ǥǭȅǿȈǮʠǶǽǭǸǭȀʥǱȒǾȒ

1 ʗʞǽǭǸǱȈǿȒǽǲȀȒȅȒǺ ǾȈǽǿʘǭʘǭǽǭǿȈǼȈǾǿȈʘʘǭǿʥǴȒǹǱȒǳǲǽǰǲ

ʘǻǶȈʚȈǴ

2 ǍȅǭǺȈǿǻǷǷʥǴȒǺǲʘǻǾȈʚȈǴ

3 ʗʞǽǭǸǱȈʘǻǾȀʜȅȒǺʗǻǾȀʥȅȒǽȀʘǻǾʘȈȅȈǺ

 ǮǲǸǰȒǾȒǺǲǳȈǸǳȈǿȈǼ

ʘǻǶȈʚȈǴ

» ǟǻǷǷʥǴȒǺǲʘǻǾȈǸȀȅǭǹȈ

ǳǭǺǭǱȈ



ǛǺȈʥȅȒǽȀʜȅȒǺʗǻǾȀʥȅȒǽȀʘǻǾʘȈȅȈǺ ǮǲǸǰȒǾȒǺǲǳȈǸǳȈǿȈǼ

ʘǻǶȈʚȈǴ

4 ʗʞǽǭǸǱȈǷǲǹǱǲǰǲǺǱǲǾǲǷȀǺǱʘȈǴǱȈǽȀʘǭǳǲǿ

» ǎʞǶǽǭǸǭʖȈȅʘȈǴʖǭǺǱǭǿʜǿȒǷǿǲǰȒʘǻǸǱǭǺȈǾǱǭǶȈǺǱȈʖȈǺȈʚ

ǷʥǽǾǲǿǷȒȅȒ

ǭʘȅȈǸǷʥǷǿʜǾȒǺǾǭǸʘȈǺǿʜǿȒǷʘȈǴʖȈǸǿǿʜǾǷǲ

ȈǾǿȈʘǿʜǿȒǷǭȀȈǾǿȈǽǭǱȈ

5 ǥǭȅȈʚȈǴǱȈǿǭǽǭǼǳʞʘǭǮʥǸȒǷǿǲǽǰǲǮʥǸȒʚȒǴ

6 ǟȒǽǲȀȒȅǿȒǷʥǿǲǽȒʚȒǴ

7 ǟǲǿȒǷǿȒ

ǮǭǾȈǼȅǭȅǿȈǿʜǿȒǷ ǼǲǺʘȈǾʘȈȅ ǭǽǭǾȈǺǭ

ǾǭǸȈʚȈǴ

8 ǟǲǿȒǷǿȒǮǻǾǭǿȈǼǿʜǿȒǷǿȒȅǭȅǿȈʚʞȅȈǺǭǱǲǶȒǺǳȈǸǳȈǿȈʚȈǴ

9 ǎʞǶǽǭǸǭʖȈȅǿȈǾǭǸʘȈǺȅǲǿȒǺǲǺ

ǳʣǺǲǾǭǮȈǺǭǺ ʞǾǿǭǼ

ǿʞǽȈǼȅǭȅǮʥǸȒǹȒǺʞȅȈǺǭǺǿʜǮȒǺǲǱǲǶȒǺǿʜǿȒǷǷǲǻǽǭʚȈǴ

10ǎʞǶǽǭǸǭʖȈȅǿȈǻǾȈǸǭǶǲʚǷʥǼǱǲǰǲǺǱǲǾǲǷȀǺǱʞǾǿǭǼǿʞǽȈʚȈǴǱǭ

ȅǭȅǿȈʘȈǾʘȈȅʘǭǶǿǭǱǭǺǿǲǿȒǷǭǽʘȈǸȈǭȅȈǸʖǭǺȅǭǮǻǾǭǿǭǮǲǽȒʚȒǴ

ǒǾǷǲǽǿȀǥǭȅǿȈǮǻǾǭǿʘǭǺǱǭǮʞǶǽǭǸǭʖȈȅǿȈǿǭǽǿǼǭʚȈǴʣǶǿǼǲǾǲ

ǮʞǶǽǭǸǭǺʖǭǺȅǭȅǿȈǿʜǴȀǸǲǼǳȒǮǲǽǲǾȒǴ

11ʗǭǸʖǭǺȅǭȅȈʚȈǴǱȈǮʞǶǽǭǸǭȀʜȅȒǺʘǭǱǭǹǱǭǽǱȈʘǭǶǿǭǸǭʚȈǴ

ʙǻǸǱǭǺʘǭǺǺǭǺǷǲǶȒǺ

1 ʗʞǽǭǸǱȈʥȅȒǽȒǼǿǻǷǷʥǴȒǺǲǺǾȀȈǽȈʚȈǴ

2 ʢǮǱǲǺǾȀȈʖǭǺȅǭȈǾǿȈʘʘǭǿʥǴȒǹǱȒǮǲǿǷǲʘǻǶȈʚȈǴ

3 ʗʞǽǭǸǱȈǳʣǺǲȅǭȅǮʞǶǽǭǸǭǶǿȈǺʘȈǾʘȈȅǿȈǱȈǹʘȈǸȅʜǮǲǽǲǷǼǲǺ

ǿǭǴǭǸǭʚȈǴ

4 ʗʞǽǭǸǱȈʘǭȀȒǼǾȒǴʘʞǽʖǭʘǳʣǺǲǿǭǴǭǳǲǽǱǲǾǭʘǿǭʚȈǴǛǺȈȒǸǰȒȅȒ



ǭǽʘȈǸȈȒǸȒǼʘǻȋʖǭǺǲǹǲǾǲǭǽǺǭǶȈǱǻǽǮǭǾȈǺǭǾǭǸȈǼʘǻȋʖǭǮǻǸǭǱȈ

 ǗǲǼȒǸǱȒǷǳʥǺǲʚȈǴǹǲǿ

ǒǰǲǽʘǻǾȈǹȅǭǮʥǸȅǲǷǿȒǭȀȈǾǿȈǽȀǿȀǽǭǸȈǭʘǼǭǽǭǿǭǸȀǷǲǽǲǷǮǻǸǾǭ

ǺǲǹǲǾǲǾȒǴǱǲȅǲȅȒǸǹǲǰǲǺǹʣǾǲǸǲǮǻǸǾǭ3KLOLSVǷǻǹǼǭǺǵȌǾȈǺȈʚ

ZZZSKLOLSVFRPǯǲǮǿǻǽǭǮȈǺǭǷȒǽȒʚȒǴǺǲǹǲǾǲǲǸȒʚȒǴǱǲǰȒ3KLOLSV

ǿʞǿȈǺȀȅȈǸǭǽǻǽǿǭǸȈʖȈǹǲǺǮǭǶǸǭǺȈǾȈʚȈǴǻǸǺʥǹȒǽǱȒǱʜǺǵǲǳʜǴȒ

ǮǻǶȈǺȅǭǮǲǽȒǸǲǿȒǺǷǲǼȒǸǱȒǷǷȒǿǭǼȅǭǾȈǺǭǺǭǸȀʖǭǮǻǸǭǱȈǒǰǲǽ

ǲǸȒʚȒǴǱǲǟʞǿȈǺȀȅȈǸǭǽǱȈʘǻǸǱǭȀǻǽǿǭǸȈʖȈǮǻǸǹǭǾǭǻǺǱǭǳǲǽǰȒǸȒǷǿȒ

3KLOLSVǷǻǹǼǭǺǵȌǾȈǺȈʚǱǵǸǲǽȒǺǲǮǭǽȈʚȈǴ

ǟʞǽǹȈǾǿȈʘʘǭǳǲǿǿȒǸȒǷǿǲǽǰǲǭǽǺǭǸʖǭǺ

ʤǺǱȒǽȀȅȒ´ǡǵǸǵǼǾǗǻǺǾȉȋǹǲǽǘǭǶȁǾǿǭǶǸǎǏµǟȀǾǾǲǺǱǵǲǼǲǺ

ǍǑǑǽǭȂǿǲǺǚǵǱǲǽǸǭǺǱȈ

ǝǲǾǲǶǳʣǺǲǗǲǱǲǺǱȒǷǛǱǭʘǿǲǽǽǵǿǻǽǵȌǾȈǺǭǵǹǼǻǽǿǿǭȀȅȈ

©ǡǵǸǵǼǾªǓǥʗǝǲǾǲǶǙʣǾǷǲȀʘǭǸǭǾȈǞǲǽǰǲǶǙǭǷǲǲǯǷʥȅǲǾȒʜǶ

ǿǲǸ

ǷǻǾǭǺǲǼǽǲǹǲǺǺǻǾǲǷǻǺǾȀǸǿǵǽǭǶǿǲ

ǾǱǵǾǿǽǵǮȀǿǻǽǭǺǭǷǻǾǭǿǭ



ǔǭǼǽǻǯǲǽǷǭǵǸǵǽǲǹǻǺǿǺǻǾǲǿǲ

ȀǽǲǱǭǾǭǹǻǯȀǼȇǸǺǻǹǻȆǲǺǻǿ

3KLOLSVǾǲǽǯǵǴǝǲǹǻǺǿǵǴǯȇǽȅǲǺ

ǻǿǺǲǷǯǭǸǵȁǵȃǵǽǭǺǵǸǵȃǭǹǻǳǲ

ǱǭǾȇǴǱǭǱǲǵǴǷǸȋȄǵǿǲǸǺǻǻǼǭǾǺǵ

ǾǵǿȀǭȃǵǵǴǭǼǻǿǽǲǮǵǿǲǸȌ



ǔǭǱǭǵǴǮǲǰǺǲǿǲǿǻǷǻǯȀǱǭǽǺǲ

ǼȇȂǭǶǿǲǹǲǿǭǸǺǵǼǽǲǱǹǲǿǵǯ

ǻǿǯǻǽǵǿǲ

ǒǸǲǷǿǽǻǹǭǰǺǵǿǺǵǵǴǸȇȄǯǭǺǵȌ(0)

ǟǻǴǵȀǽǲǱǺǭ3KLOLSVǲǯǾȇǻǿǯǲǿǾǿǯǵǲǾǺǻǽǹǭǿǵǯǺǭǿǭȀǽǲǱǮǭ

ǵǯǾǵȄǷǵǱǲǶǾǿǯǭȆǵǾǿǭǺǱǭǽǿǵǾǯȇǽǴǭǺǵǾǵǴǸǭǰǭǺǲǿǻǺǭ

ǲǸǲǷǿǽǻǹǭǰǺǵǿǺǵǵǴǸȇȄǯǭǺǵȌ

ǛǷǻǸǺǭǾǽǲǱǭ

ǜǽǻǱȀǷǿȇǿǲǽǭǴǽǭǮǻǿǲǺǵǼǽǻǵǴǯǲǱǲǺǻǿǯǵǾǻǷǻǷǭȄǲǾǿǯǲǺǵ

ǹǭǿǲǽǵǭǸǵǵǷǻǹǼǻǺǲǺǿǵǷǻǵǿǻǹǻǰǭǿǱǭǮȇǱǭǿǽǲȃǵǷǸǵǽǭǺǵ

ǵǵǴǼǻǸǴǯǭǺǵǼǻǯǿǻǽǺǻ

ǗǻǰǭǿǻǷȇǹǵǴǱǲǸǵǲǿǻǲǼǽǵǷǭȄǲǺǴǭǱǽǭǾǷǭǺǾǵǹǯǻǸǺǭǷǻǺǿǲǶǺǲǽ

ǴǭǻǿǼǭǱȇȃǵǿǻǯǭǻǴǺǭȄǭǯǭȄǲǵǴǱǲǸǵǲǿǻǻǿǰǻǯǭǽȌǺǭǲǯǽǻǼǲǶǾǷǭǿǭ

ǱǵǽǲǷǿǵǯǭ(8

ǛǾǯǲǱǻǹǲǿǲǾǲǻǿǺǻǾǺǻǹǲǾǿǺǭǿǭǾǵǾǿǲǹǭǴǭǽǭǴǱǲǸǺǻǾȇǮǵǽǭǺǲǺǭ

ǻǿǼǭǱȇȃǵǴǭǲǸǲǷǿǽǵȄǲǾǷǵǿǲǵǲǸǲǷǿǽǻǺǺǵǿǲǼǽǻǱȀǷǿǵ

ǞȇǻǮǽǭǴȌǯǭǶǿǲǾǲǾǹǲǾǿǺǵǿǲǽǭǴǼǻǽǲǱǮǵǵǺǲǵǴȂǯȇǽǸȌǶǿǲǾǿǭǽǵǿǲ

ǾǵǼǽǻǱȀǷǿǵǾǻǮǵǷǺǻǯǲǺǵǿǲǮǵǿǻǯǵǻǿǼǭǱȇȃǵǜǽǭǯǵǸǺǵȌǿǺǭȄǵǺ

ǺǭǵǴȂǯȇǽǸȌǺǲǺǭǾǿǭǽǻǿǻǵǴǱǲǸǵǲȆǲǾǼǻǹǻǰǺǲǴǭǻǿǾǿǽǭǺȌǯǭǺǲǿǻ

ǺǭǼǻǿǲǺȃǵǭǸǺǵǻǿǽǵȃǭǿǲǸǺǵǼǻǾǸǲǱǾǿǯǵȌǴǭǻǷǻǸǺǭǿǭǾǽǲǱǭǵ

ȄǻǯǲȅǷǻǿǻǴǱǽǭǯǲ

 ǗȇǱǽǲǺǲǺǭǷǻǾǭǿǭ

1 ǜǻǾǿǭǯǲǿǲȀǽǲǱǭǾǼǻǾǿǭǯǷǭǿǭ ǺǭǯȇǺǯȇǽȂȀǿǲǽǹǻȀǾǿǻǶȄǵǯǭ

ǼǻǯȇǽȂǺǻǾǿ

2 ǏǷǸȋȄǲǿǲȆǲǼǾǲǸǭǯǷǻǺǿǭǷǿǺǭǴǭȂǽǭǺǯǭǺǲǿǻ

3 ǜǽǲǹǲǾǿǲǿǲǼǸȇǴǰǭȄǭǴǭǯǷǸǵǴǷǸ ǯǼǻǸǻǳǲǺǵǲ ǴǭǱǭ

ǯǷǸȋȄǵǿǲȀǽǲǱǭ

» ǕǺǱǵǷǭǿǻǽȇǿǴǭǯǷǸȋȄǲǺǻǲǸǴǭȂǽǭǺǯǭǺǲ

Ǿǯǲǿǯǭ



ǔǭǱǭǰǻǵǴǷǸȋȄǵǿǲǼǽǲǹǲǾǿǲǿǲǼǸȇǴǰǭȄǭǴǭǯǷǸǵǴǷǸǯ

ǼǻǸǻǳǲǺǵǲ 

4 ǛǾǿǭǯǲǿǲȀǽǲǱǭǱǭǾǲǴǭǰǽǲǲǼǻǺǲǴǭǾǲǷȀǺǱǵ

» ǗǻǰǭǿǻǹǭȅǭǿǭǴǭǷȇǱǽǲǺǲǾǲǴǭǰǽǲǲǵǺǱǵǷǭǿǻǽȇǿǴǭ

ǰǻǿǻǯǺǻǾǿ

ǯȇǽȂȀȃǵǸǵǺǱȇǽǭǼǽǻǹǲǺȌȃǯǲǿǭǾǵǻǿǸǵǸǭǯǻ

ȂǸǭǱǲǺȃǵǸǵǺǱȇǽǺǭǽǻǴǻǯǻǰǻǽǲȆȃǵǸǵǺǱȇǽ

5 ǞǽǲȅǲǿǲǷǻǾǭǿǭǾǵǵȌǽǭǴǱǲǸǲǿǲǺǭǹǭǸǷǵǷǵȄȀǽǵ

6 ǜǽǲǹǲǾǿǲǿǲǼǻǾǿǭǯǷǭǿǭǺǭǴǭǱ

7 ǚǭǿǵǾǺǲǿǲǸǻǾǿȄǲǿǻ

ǵǼǻǾǿǭǯǲǿǲǷǵȄȀǽǷǻǾǭǹǲǳǱȀ

ȃǵǸǵǺǱȇǽǭ

ǵȆǵǼǷǭǿǭ 

8 ǛǿǼȀǾǺǲǿǲǸǻǾǿȄǲǿǻǵǼǸȇǴǺǲǿǲȃǵǸǵǺǱȇǽǭǱǻǷǽǭǵȆǭǿǭǺǭǷǻǾǭǿǭ

9 ǢǯǭǺǲǿǲǾǿȀǱǲǺǵȌǷǽǭǶ

ǵǱǽȇǳǷǭǿǭ ǺǭǹǭȅǭǿǭǴǭ

ǷȇǱǽǲǺǲǾǸǲǱǷǻǲǿǻǺǭǯǵǶǿǲǷǵȄȀǽǭǷǻǾǭǻǷǻǸǻȃǵǸǵǺǱȇǽǭǻǿ

ǷǽǭǵȆǭǿǭǱǻǷǻǽǲǺǵǿǲ

10ǔǭǱǽȇǳǿǲǹǭȅǭǿǭǴǭǷȇǱǽǲǺǲǯǿǻǯǭǼǻǸǻǳǲǺǵǲǺǭǶǹǺǻǰǻǴǭ

ǾǲǷȀǺǱǵǵǼǻǾǸǲǽǭǴǯǵǶǿǲǷǵȄȀǽǭǷǻǾǭǱǻǷǭǿǻȆǵǼǷǭǿǭǹǻǳǲ

ǻǿǺǻǯǻǱǭǾǲǻǿǯǻǽǵǾǸǻǾǿȄǲǿǻ

ǔǭǮǲǸǲǳǷǭǚǲǱȇǽǼǭǶǿǲǹǭȅǭǿǭǴǭǷȇǱǽǲǺǲǷǻǰǭǿǻǽǭǴǯǵǯǭǿǲ

ǷǵȄȀǽǭǴǭǱǭǺǲǵǴǼǽǭǯǵǿǲǷȇǱǽǵȃǭǿǭ

11ǔǭǱǭǺǭǷȇǱǽǵǿǲǻǾǿǭǺǭǸǭǿǭȄǭǾǿǻǿǷǻǾǭǿǭǾǵǼǻǯǿǭǽȌǶǿǲǾǿȇǼǷǵ

ǻǿǱǻ

ǞǸǲǱȀǼǻǿǽǲǮǭ

1 ǕǴǷǸȋȄǲǿǲȀǽǲǱǭǵǵǴǯǲǱǲǿǲȆǲǼǾǲǸǭǻǿǷǻǺǿǭǷǿǭ

2 ǛǾǿǭǯǲǿǲȌǺǭǿǻǼǸǻȀǾǿǻǶȄǵǯǭǼǻǯȇǽȂǺǻǾǿǱǻǷǭǿǻǾǲǻȂǸǭǱǵ

3 ǜǻȄǵǾǿǲǿǲȀǽǲǱǭǵǹǭȅǭǿǭǴǭǷȇǱǽǲǺǲǾǯǸǭǳǺǭǷȇǽǼǭ

4 ǜǽǵǮǲǽǲǿǲǰǻǺǭǮǲǴǻǼǭǾǺǻǵǾȀȂǻǹȌǾǿǻǮǲǴǼǽǭȂǙǻǳǲǿǲ

ǾȇȆǻǱǭǰǻǻǷǭȄǵǿǲǺǭȂǭǸǷǭǿǭǴǭǻǷǭȄǯǭǺǲ

ǵǸǵǱǭǰǻ

ǼǽǵǮǲǽǲǿǲǯȇǯǯǷǸȋȄǲǺǭǿǭǯǷǻǹǼǸǲǷǿǭȄǭǺǿǵȄǷǭ

 ǐǭǽǭǺȃǵȌǵǾǲǽǯǵǴ

ǍǷǻǾǲǺȀǳǱǭǲǿǲǻǿǵǺȁǻǽǹǭȃǵȌǺǭǼǽǵǹǲǽǴǭǴǭǹȌǺǭǺǭǼǽǵǾǿǭǯǷǭ

ǵǸǵǵǹǭǿǲǼǽǻǮǸǲǹǼǻǾǲǿǲǿǲǕǺǿǲǽǺǲǿǾǭǶǿǭǺǭ3KLOLSVǺǭǭǱǽǲǾ

ZZZSKLOLSVFRPǵǸǵǾǲǻǮȇǽǺǲǿǲǷȇǹǣǲǺǿȇǽǭǴǭǻǮǾǸȀǳǯǭǺǲǺǭ

ǷǸǵǲǺǿǵǺǭ3KLOLSVǯȇǯǯǭȅǭǿǭǾǿǽǭǺǭǿǲǸǲȁǻǺǺǵȌǹȀǺǻǹǲǽǹǻǳǲǿǲ

ǱǭǺǭǹǲǽǵǿǲǯǹǲǳǱȀǺǭǽǻǱǺǭǿǭǰǭǽǭǺȃǵǻǺǺǭǷǭǽǿǭǍǷǻǯȇǯǯǭȅǭǿǭ

ǾǿǽǭǺǭǺȌǹǭǣǲǺǿȇǽǴǭǻǮǾǸȀǳǯǭǺǲǺǭǼǻǿǽǲǮǵǿǲǸǵǻǮȇǽǺǲǿǲǾǲ

ǷȇǹǹǲǾǿǺǵȌǿȇǽǰǻǯǲȃǺǭȀǽǲǱǵǺǭ3KLOLSV

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3KLOLSV&KFHWHOLY\XçtYDWYåHFKYîKRGSRGSRU\QDEt]HQpVSROHĈQRVWt

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SŏtUXĈNXDXVFKRYHMWHMLSUREXGRXFtSRXçLWt

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3KLOLSVDXWRUL]RYDQîVHUYLVVSROHĈQRVWL

3KLOLSVQHERREGREQĖNYDOLÀNRYDQt

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SURYiGĖWGĖWLEH]GR]RUX

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QHERGtO\SR]EîYi]iUXNDSODWQRVWL

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DQGFOLS 

8 5HOHDVHWKHOHYHUDQGVOLGHWKHEDUUHOWRWKHKDLUWLS

9 +ROGWKHFRROWLS

DQGWKHKDQGOH RIWKHFXUOLQJLURQDQG

WKHQZLQGWKHVHFWLRQRIKDLUURXQGWKHEDUUHOIURPWLSWRURRW

10+ROGWKHFXUOLQJLURQLQWKHSRVLWLRQIRUPD[VHFRQGVDQGWKHQ

XQZLQGWKHVHFWLRQRIKDLUXQWLO\RXFDQRSHQWKHFOLSDJDLQZLWKWKH

OHYHU

1RWH'RQRWSXOODWWKHFXUOHUZKHQ\RXXQZLQGWKHVHFWLRQ

RWKHUZLVH\RXZRXOGVWUDLJKWHQWKHFXUO

117RFXUOWKHUHVWRI\RXUKDLUUHSHDWVWHSVWR

$IWHUXVH

1 6ZLWFKRIIWKHDSSOLDQFHDQGXQSOXJLW

2 3ODFHLWRQDKHDWUHVLVWDQWVXUIDFHXQWLOLWFRROVGRZQ

3 &OHDQWKHDSSOLDQFHDQGFXUOLQJWRQJE\GDPSFORWK

4 .HHSLWLQDVDIHDQGGU\SODFHIUHHRIGXVW<RXFDQDOVRKDQJLWZLWK

WKHKDQJLQJORRS

RUVWRUHLWLQWKHSRXFKVXSSOLHG

 *XDUDQWHHDQGVHUYLFH

,I\RXQHHGLQIRUPDWLRQHJDERXWUHSODFHPHQWRIDQDWWDFKPHQWRULI

\RXKDYHDSUREOHPSOHDVHYLVLWWKH3KLOLSVZHEVLWHDWZZZSKLOLSVFRP

RUFRQWDFWWKH3KLOLSV&XVWRPHU&DUH&HQWUHLQ\RXUFRXQWU\\RXÀQG

LWVSKRQHQXPEHULQWKHZRUOGZLGHJXDUDQWHHOHDÁHW,IWKHUHLVQR

&RQVXPHU&DUH&HQWUHLQ\RXUFRXQWU\JRWR\RXUORFDO3KLOLSVGHDOHU

ǎȇǸǰǭǽǾǷǵ

ǜǻǴǱǽǭǯȌǯǭǹǲǯǵǴǭǼǻǷȀǼǷǭǿǭǵǱǻǮǽǲǱǻȅǸǵǼǽǵ3KLOLSVǔǭǱǭ

ǾǲǯȇǴǼǻǸǴǯǭǿǲǵǴȃȌǸǻǻǿǼǽǲǱǸǭǰǭǺǭǿǭǻǿ3KLOLSVǼǻǱǱǽȇǳǷǭ

ǽǲǰǵǾǿǽǵǽǭǶǿǲǵǴǱǲǸǵǲǿǻǾǵǺǭZZZSKLOLSVFRPZHOFRPH

 ǏǭǳǺǻ

ǜǽǲǱǵǱǭǵǴǼǻǸǴǯǭǿǲȀǽǲǱǭǼǽǻȄǲǿǲǿǲǯǺǵǹǭǿǲǸǺǻǿǻǯǭ

ǽȇǷǻǯǻǱǾǿǯǻǴǭǼǻǿǽǲǮǵǿǲǸȌǵǰǻǴǭǼǭǴǲǿǲǴǭǾǼǽǭǯǷǭǯǮȇǱǲȆǲ



ǜǝǒǑǠǜǝǒǓǑǒǚǕǒǚǲ

ǵǴǼǻǸǴǯǭǶǿǲȀǽǲǱǭǮǸǵǴǻǱǻǯǻǱǭ



ǍǷǻȀǽǲǱȇǿǾǲǵǴǼǻǸǴǯǭǯǮǭǺȌǿǭ

ǾǸǲǱȀǼǻǿǽǲǮǭǰǻǵǴǷǸȋȄǯǭǶǿǲǻǿ

ǷǻǺǿǭǷǿǭǎǸǵǴǻǾǿǿǭǱǻǯǻǱǭǯǻǱǵ

ǱǻǽǵǾǷǱǻǽǵǷǻǰǭǿǻȀǽǲǱȇǿǺǲ

ǽǭǮǻǿǵ



ǜǝǒǑǠǜǝǒǓǑǒǚǕǒǚǲ

ǵǴǼǻǸǴǯǭǶǿǲȀǽǲǱǭǮǸǵǴǻ

ǱǻǯǭǺǵǱȀȅǻǯǲǹǵǯǷǵǵǸǵ

ǾȇǱǻǯǲǾǯǻǱǭ



ǞǸǲǱȀǼǻǿǽǲǮǭǯǵǺǭǰǵ

ǵǴǷǸȋȄǯǭǶǿǲȀǽǲǱǭǻǿǷǻǺǿǭǷǿǭ



ǞǻǰǸǲǱǼǽǲǱǻǿǯǽǭǿȌǯǭǺǲ

ǺǭǻǼǭǾǺǻǾǿǼǽǵǼǻǯǽǲǱǭǯ

ǴǭȂǽǭǺǯǭȆǵȌǷǭǮǲǸǿǻǶǿǽȌǮǯǭǱǭ

ǮȇǱǲǾǹǲǺǲǺǻǿ3KLOLSVǻǿǻǽǵǴǵǽǭǺ

ǻǿ3KLOLSVǾǲǽǯǵǴǵǸǵǷǯǭǸǵȁǵȃǵǽǭǺ

ǿǲȂǺǵǷ



ǟǻǴǵȀǽǲǱǹǻǳǲǱǭǾǲǵǴǼǻǸǴǯǭ

ǻǿǱǲȃǭǺǭǯȇǴǽǭǾǿǺǭǱǰǻǱǵǺǵ

ǵǻǿȂǻǽǭǾǺǭǹǭǸǲǺǵȁǵǴǵȄǲǾǷǵ

ǯȇǴǼǽǵȌǿǵȌǵǸǵȀǹǾǿǯǲǺǵ

ǺǲǱǻǾǿǭǿȇȃǵǵǸǵǮǲǴǻǼǵǿǵ

ǼǻǴǺǭǺǵȌǭǷǻǾǭǵǺǾǿǽȀǷǿǵǽǭǺǵǴǭ

ǮǲǴǻǼǭǾǺǭȀǼǻǿǽǲǮǭǺǭȀǽǲǱǭǵǾǭ

ǼǻǱǺǭǮǸȋǱǲǺǵǲǾȃǲǸǰǭǽǭǺǿǵǽǭǺǲ

ǺǭǮǲǴǻǼǭǾǺǭȀǼǻǿǽǲǮǭǵǭǷǻǾǭǵǹ

ǽǭǴȌǾǺǲǺǵǲǯǲǺǿȀǭǸǺǵǿǲǻǼǭǾǺǻǾǿǵ

ǚǲǼǻǴǯǻǸȌǯǭǶǿǲǺǭǱǲȃǭǱǭǾǵ

ǵǰǽǭȌǿǾȀǽǲǱǭǚǲǼǻǴǯǻǸȌǯǭǶǿǲǺǭ

ǱǲȃǭǱǭǵǴǯȇǽȅǯǭǿǼǻȄǵǾǿǯǭǺǲǵǸǵ

ǼǻǱǱǽȇǳǷǭǺǭȀǽǲǱǭǮǲǴǺǭǱǴǻǽ



ǜǽǲǱǵǱǭǯǷǸȋȄǵǿǲȀǽǲǱǭǯǷǻǺǿǭǷǿǭ

ǼǽǻǯǲǽǲǿǲǱǭǸǵǼǻǾǻȄǲǺǻǿǻǯȇǽȂȀ

ȀǽǲǱǭǺǭǼǽǲǳǲǺǵǲǻǿǰǻǯǭǽȌǺǭǿǻǯǭ

ǺǭǹǲǾǿǺǭǿǭǲǸǲǷǿǽǵȄǲǾǷǭǹǽǲǳǭ



ǚǲǵǴǼǻǸǴǯǭǶǿǲȀǽǲǱǭǴǭȃǲǸǵ

ǽǭǴǸǵȄǺǵǻǿȀǷǭǴǭǺǻǿǻǯǿǻǯǭ

ǽȇǷǻǯǻǱǾǿǯǻ



ǚǵǷǻǰǭǺǲǻǾǿǭǯȌǶǿǲȀǽǲǱǭ

ǮǲǴǺǭǱǴǻǽǷǻǰǭǿǻǲǯǷǸȋȄǲǺǯ

ǲǸǲǷǿǽǵȄǲǾǷǭǿǭǹǽǲǳǭ



ǚǵǷǻǰǭǺǲǵǴǼǻǸǴǯǭǶǿǲǭǷǾǲǾǻǭǽǵ

ǵǸǵȄǭǾǿǵǻǿǱǽȀǰǵǼǽǻǵǴǯǻǱǵǿǲǸǵ

ǵǸǵǿǭǷǵǯǭǷǻǵǿǻǺǲǾǭǾǼǲȃǵǭǸǺǻ

ǼǽǲǼǻǽȇȄǯǭǺǵǻǿ3KLOLSVǜǽǵ

ǵǴǼǻǸǴǯǭǺǲǺǭǿǭǷǵǯǭǭǷǾǲǾǻǭǽǵ

ǵǸǵȄǭǾǿǵǯǭȅǭǿǭǰǭǽǭǺȃǵȌǾǿǭǯǭ

ǺǲǯǭǸǵǱǺǭ



ǚǲǺǭǯǵǯǭǶǿǲǴǭȂǽǭǺǯǭȆǵȌǷǭǮǲǸ

ǻǷǻǸǻȀǽǲǱǭ



ǕǴȄǭǷǭǶǿǲȀǽǲǱǭǱǭǵǴǾǿǵǺǲǼǽǲǱǵ

ǱǭǰǻǼǽǵǮǲǽǲǿǲ



ǠǽǲǱȇǿǾǲǺǭǰǻǽǲȆȌǯǭǹǺǻǰǻǴǭǿǻǯǭ

ǮȇǱǲǿǲǵǴǷǸȋȄǵǿǲǸǺǻǯǺǵǹǭǿǲǸǺǵ

ǼǽǵǵǴǼǻǸǴǯǭǺǲǿǻǹȀǢǯǭȆǭǶǿǲ

ȀǽǲǱǭǾǭǹǻǴǭǱǽȇǳǷǭǿǭǿȇǶ

ǷǭǿǻǱǽȀǰǵǿǲȄǭǾǿǵǾǭǰǻǽǲȆǵǵ

ǵǴǮȌǰǯǭǶǿǲǷǻǺǿǭǷǿǾǷǻǳǭǿǭ



ǏǵǺǭǰǵǼǻǾǿǭǯȌǶǿǲȀǽǲǱǭǾ

ǼǻǾǿǭǯǷǭǿǭǯȇǽȂȀǿǻǼǸǻȀǾǿǻǶȄǵǯǭ

ǾǿǭǮǵǸǺǭǵǽǭǯǺǭǼǻǯȇǽȂǺǻǾǿ

ǚǭǰǻǽǲȆǲǺǻǿǻǾǿǲǮǸǻǺǵǷǻǰǭǺǲ

ǮǵǯǭǱǭǱǻǷǻǾǯǭǼǻǯȇǽȂǺǻǾǿǿǭǵǸǵ

ǱǽȀǰǵǴǭǼǭǸǵǹǵǹǭǿǲǽǵǭǸǵ



ǜǭǴǲǿǲǴǭȂǽǭǺǯǭȆǵȌǷǭǮǲǸǻǿǱǻǼǵǽ

ǾǰǻǽǲȆǵǿǲȄǭǾǿǵǺǭȀǽǲǱǭ



ǗǻǰǭǿǻȀǽǲǱȇǿǲǯǷǸȋȄǲǺǰǻǱǽȇǳǿǲ

ǱǭǸǲȄǲǻǿǸǲǾǺǻǴǭǼǭǸǵǹǵǼǽǲǱǹǲǿǵ

ǵǹǭǿǲǽǵǭǸǵ



ǚǲǼǻǷǽǵǯǭǶǿǲȀǽǲǱǭǾǷǭǷǯǻǿǻǵǱǭ

ǮǵǸǻǺǭǼǽǷȇǽǼǭǵǸǵǱǽǲȂǭǱǻǷǭǿǻ

ǲǰǻǽǲȆ



ǕǴǼǻǸǴǯǭǶǿǲȀǽǲǱǭǾǭǹǻǺǭǾȀȂǭ

ǷǻǾǭǚǲǵǴǼǻǸǴǯǭǶǿǲȀǽǲǱǭǾǹǻǷǽǵ

ǽȇȃǲ



ǜǭǴǲǿǲǾǿǲǮǸǻǿǻǺǭȀǽǲǱǭȄǵǾǿǻǮǲǴ

ǼǽǭȂǵǾǿǵǸǵǴǵǽǭȆǵǼǽǻǱȀǷǿǵǷǭǿǻ

ǼȌǺǭǸǭǷǵǸǵǰǲǸǴǭǷǻǾǭǚǵǷǻǰǭǺǲ

ǵǴǼǻǸǴǯǭǶǿǲȀǽǲǱǭǯǾȇȄǲǿǭǺǵǲǾȇǾ

ǾǿǵǸǵǴǵǽǭȆǵǼǽǻǱȀǷǿǵ



ǞǿǲǮǸǻǿǻǵǹǭǷǲǽǭǹǵȄǺǻǼǻǷǽǵǿǵǲ

ǞǿǲȄǲǺǵǲǺǭǯǽǲǹǲǿǻǼǻǷǽǵǿǵǲǿǻ

ǹǻǳǲǼǻǾǿǲǼǲǺǺǻǱǭǾǲǵǴǺǻǾǵ

ǟǻǯǭǻǮǭȄǲǺǲǯǸǵȌǲǺǭǽǭǮǻǿǭǿǭǺǭ

ȀǽǲǱǭ



ǍǷǻȀǽǲǱȇǿǾǲǵǴǼǻǸǴǯǭǯȇǽȂȀ

ǮǻȌǱǵǾǭǺǭǷǻǾǭǾǿǲǮǸǻǿǻǹǻǳǲ

ǱǭǾǿǭǺǲǺǭǼǲǿǺǭǜǽǲǱǵǱǭ

ǵǴǼǻǸǴǯǭǿǲȀǽǲǱǭǯȇǽȂȀǵǴǷȀǾǿǯǲǺǭ

(QJOLVK

&RQJUDWXODWLRQVRQ\RXUSXUFKDVHDQGZHOFRPHWR3KLOLSV



7RIXOO\

EHQHÀWIURPWKHVXSSRUWWKDW3KLOLSVRIIHUVUHJLVWHU\RXUSURGXFWDW

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MşVŧUDQNRVåODSLRV

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LUåXNXRVHQDLIRUPXRWLVNLUWŧ

SULHPRQLŧSY]SXWŧODNRLUçHOĒV

1LHNDGDQHQDXGRNLWHSULHWDLVRNDUWX

VXåXNXRVHQDLIRUPXRWLVNLUWRPLV

SULHPRQĒPLV

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9DP]GHOLVSDGHQJWDVNHUDPLQHGDQJD

äLGDQJDJDOLSDPDçXGĒYĒWLV7DĈLDXWDL

QHNHQNLDSULHWDLVRYHLNLPRHIHNW\YXPXL

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1DXGRMDQWSULHWDLVĀVXGDç\WDLV

SODXNDLVYDP]GHOLVJDOLLåVLWHSWL9LVDGD

SDVLNRQVXOWXRNLWHVXSDUGDYĒMXSULHå

QDXGRGDPLSULHWDLVĀVXGLUEWLQLDLV

SODXNDLV

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3ULHWDLVĀDSçLşUĒWLDUWDLV\WLSULVWDW\NLWH

WLNĪÅ3KLOLSV´ĪJDOLRWĀMĪWHFKQLQĒV

SULHçLşURVFHQWUĀ3ULHWDLVĀWDLVDQW\V

QHNYDOLÀNXRWLGDUEXRWRMDLJDOL

QDXGRWRMXLVXNHOWLLWLQGLGHOĪSDYRMŧ

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.DGLåYHQJWXPĒWHHOHNWURVVPşJLRĪ

DQJDVQHNLåNLWHPHWDOLQLŧGDLNWŧ

(OHNWURPDJQHWLQLDLODXNDL(0)

Å3KLOLSV´SULHWDLVDVDWLWLQNDYLVXVWDLNRPXVVWDQGDUWXVLUQRUPDVGĒO

HOHNWURPDJQHWLQLŧODXNŧSRYHLNLR

$SOLQNRVDXJD

*DPLQ\VVXNXUWDVLUSDJDPLQWDVQDXGRMDQWDXNåWRVNRN\EĒV

PHGçLDJDVLUNRPSRQHQWXVNXULXRVJDOLPDSHUGLUEWLLUQDXGRWL

SDNDUWRWLQDL

MHLPDWRWHSHUEUDXNWRVåLXNåOLŧGĒçĒVVXUDWXNDLVVLPEROĪSULWYLUWLQWĀSULH

JDPLQLRWDLUHLåNLDNDGJDPLQLXLJDOLRMD(XURSRVGLUHNW\YD(%

6XçLQRNLWHNRNLDWDLNRPDYLHWLQĒDWVNLUDHOHNWURVLUHOHNWURQLQLŧJDPLQLŧ

VXULQNLPRVLVWHPD

/DLN\NLWĒVQXVWDW\WŧYLHWLQLŧWDLV\NOLŧLUQHLåPHVNLWHVHQŧJDPLQLŧVX

NLWRPLVEXLWLQĒPLVDWOLHNRPLV7LQNDPDVVHQRJDPLQLRLåPHWLPDVSDGHGD

LåYHQJWLJDOLPŧQHLJLDPŧSDGDULQLŧDSOLQNDLLUçPRQLŧVYHLNDWDL

 6XJDUEDQRNLWHSODXNXV

1 3DGĒNLWHSULHWDLVĀVXSULHGX QXVXNWĀĪLåRUĔDQWNDUåĈLXLDWVSDUDXV

SDYLUåLDXV

2 3ULMXQNLWHNLåWXNĀSULHPDLWLQLPROL]GR

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ĪSDGĒWĪ NDGĪMXQJWXPĒWH

SULHWDLVĀ

» 3UDGHGDåYLHVWLĪMXQJLPR

OHPSXWĒ

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4 /HLVNLWHSULHWDLVXLĪNDLVWLEHQWVHNXQGçLŧ

» .DLJDUEDQRMLPRçQ\SOĒVĪNDLVWDSDUHQJWLHVQDXGRWLLQGLNDWRULXV

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NDUåWDVYDP]GHOLV

5 6XåXNXRNLWHSODXNXVLUVXVNLUVW\NLWHMXRVPDçRPLVVUXRJHOĒPLV

6 3DWUDXNLWHDWUDPĀDWJDO

7 3DVSDXVNLWHVYLUWĪ

LUĪGĒNLWHSODXNŧVUXRJĀWDUSYDP]GHOLR LU

VSDXVWXNR 

8 $WOHLVNLWHVYLUWĪLUVWXPNLWHYDP]GHOĪOLQNSODXNŧVUXRJRVJDOR

9 /DLN\NLWHXçYĒVDXVDQWJDOLR

LUJDUEDQRMLPRYDP]GHOLRUDQNHQRV

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LUWDGDDSVXNLWHSODXNŧVUXRJĀDSOLQNYDP]GHOĪQXRSODXNŧJDOŧLNL

åDNQŧ

103DODLN\NLWHJDUEDQRMLPRYDP]GHOĪYLHWRMHGDXJLDXVLDLVHNXQGçLŧ

LUQXY\QLRNLWHSODXNŧVUXRJĀNDGJDOĒWXPĒWHYĒOVYLUWHOHDWLGDU\WL

VSDXVWXNĀ

3DVWDEDQHWUDXNLWHVXNWXNRNDLLåY\QLRMDWHVUXRJĀQHVLåWLHVLQVLWH

JDUEDQDV

111RUĒGDPLVXJDUEDQRWLOLNXVLXVSODXNXVNDUWRNLWHYHLNVPXVQXRLNL

3RQDXGRMLPR

1 3ULHWDLVĀLåMXQNLWHLUDWMXQNLWHQXRPDLWLQLPRWLQNOR

2 3DGĒNLWHMĪDQWNDUåĈLXLDWVSDUDXVSDYLUåLDXVNROMLVDWYĒV

3 1XYDO\NLWHSULHWDLVĀLUVXNLPRçQ\SOHVGUĒJQDåOXRVWH

4 /DLN\NLWHVDXJLRMHLUVDXVRMHYLHWRMHNXUQHVLUHQNDGXONĒV3ULHWDLVĀ

JDOLWHSDNDELQWLXçSDNDELQLPRNLOSRV

DUEDODLN\WLSULGĒWDPHGĒNOH

 *DUDQWLMDLUWHFKQLQLVDSWDUQDYLPDV

3ULUHLNXVLQIRUPDFLMRVSY]GĒOSULHGRSDNHLWLPRDUEDMHLWXULWHSUREOHPŧ

DSVLODQN\NLWHÅ3KLOLSV´WLQNODS\MHDGUHVXZZZSKLOLSVFRPDUEDNUHLSNLWĒV

ĪÅ3KLOLSV´NOLHQWŧDSWDUQDYLPRFHQWUĀVDYRåDO\MHMRWHOHIRQRQXPHUĪ

UDVLWHYLVDPHSDVDXO\MHJDOLRMDQĈLRVJDUDQWLMRVODQNVWLQXNH-HLMşVŧåDO\MH

QĒUDNOLHQWŧDSWDUQDYLPRFHQWURNUHLSNLWĒVĪYLHWLQĪÅ3KLOLSV´SODWLQWRMĀ

/DWYLHåX

$SVYHLFDPDUSLUNXPXXQODLSQLOşG]DP3KLOLSV/DLSLOQĦEüJşWX

ODEXPXQR3KLOLSVSLHGüYüWüDWEDOVWDUHĞLVWUĎMLHWVDYXL]VWUüGüMXPX

ZZZSKLOLSVFRPZHOFRPH

 6YDUĦJL

3LUPVLHUĦFHVL]PDQWRåDQDVX]PDQĦJLL]ODVLHWåROLHWRåDQDVLQVWUXNFLMXXQ

VDJODEüMLHWWRODLYDMDG]ĦEDVJDGĦMXPüYDUĎWXLHVNDWĦWLHVWDMüDUĦWXUSPüN

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%5ĥ',1û-8061HOLHWRMLHWLHUĦFLşGHQV

WXYXPü

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-DOLHWRMDWLHUĦFLYDQQDVLVWDEüSĎF

OLHWRåDQDVDWYLHQRMLHWLHUĦFLQR

HOHNWURWĦNODMRşGHQVWXYXPVLUEĦVWDPV

SDWWDGMDLHUĦFHLUL]VOĎJWD

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Summary of Contents

Page 1

ʙǭǴǭʚȅǭǥǭȅǮʞǶǽǭǸǭʖȈȅǛǾȈǴǭǿǿȈǾǭǿȈǼǭǸȀȈʚȈǴǮǲǺʘʞǿǿȈʘǿǭǶǹȈǴǳʣǺǲ3KLOLSVǷǻǹǼǭǺǵȌǾȈǺǭʘǻȅǷǲǸǱȒʚȒǴ3KLOLSVʞǾȈǺǭǿȈǺʘǻǸǱǭȀǱȈǿǻǸȈʘǼǭǶǱǭǸǭǺȀʜȅȒǺʥǺ

Page 2

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