Está en la página 1de 14



  
  "!$#%& 
'%(*)&+ ,.-&/1032547698703/.:703,.6;,=<14&2"0>2&?@27-&,A,=?@/&B,*CD*/5E72F'GE7H1+ ,I02690>2%,&JLKM476F,=?@270NB,A<14&,.OPBQJL,A276RE7H1+ ,I0S2&KT2
2PU*J-&,A/WV*,.+ /1012&<14.J V*,I+ 27OXB2Y2769032&,%JLK@(
Z7(X[$0SJL2;4.6\8703/.:703,&6;,]<14&2;0>2%?27-&,AB^03_&K`O&/16F2&Ka<14&,&JLK^<14&270b252U*J-&,cS/7KdO&,]/10>E72I6eJOPV*2703KQ,f276g<14&2Whi/10>,I6
JOPhi/10j6F,*E7/7K@(
k(ml,*C, 476n870>/.:0>,%6F,
<14&20>2%?27-&,
,*K]<14&,IOPBoJLE7,*E72&K52 /7KWV*,.+ /1032&K5E72pB^03_&K;8703/7E14PB/7KMa?,I+ ?q47+ 2 ,
KQ/16;,
B/&Br,.+E72%K^Ks2%K$V*,I+ /10S2%KtMIK^2X:47O&E7/5,`hiH10t6u47+ ,7v
w^xwoyzm{}|wo~1yzx&15|1wo~I}1yzx&|1wo~}1yzx&
V*,.+ /10.B/.Br,.+E72V%2WK^270,.870S2%K^27OPBr,XE7/;O&/]htJO&,I+E7,=2U2&?P4%C@DX/5E7/;8703/.:703,.6;,.(
1(I$2&K^27OPV*/1+ V*,F4768703/&:0>,I6F,W<14&2;032&?2-&,]/O7.6F2703/FE72WV*0BQJL?2%KE72;476\8&/1+L :*/1O&/u032X:47+ ,.0b2J6u870iJ6F,W,
<14&,.OPBQJLE7,XE72YE72WEJL,:&/1O&,%JLK E7/;8./1+L :&/1O&/&MKQ2*:747O&E7/5,hiH10j647+ ,Iv

{`j

&

( [$0SJL24768703/.:703,%6F,p<14&20>2&?@27-&,p<14&,qB^03/V*,I+ /10>2.KF0>2&,%JLK]<14&,%JLKs<14&2026;/7KtBs0S2
, 6F%EJL,p27OPBs0>2
27+ 2%KtMT/
b
KQ/16;,BrH10SJL/52OPB^0S2Y27+ 2%Km2Y/;8&270>?27OPBs4&,.+E2W?@,XE7,f476R2690>2+ ,XC@DX/5,*/5K^/16F,BrH10SJL/1(
($m6F,E72B20j6JO&,*E7,8&2&K^K^/7,<14&2FBs0>,I-&,.+&,?/16,;?/1O&KBs0j4&CD*/
E72
8.JLK^?JO&,*K]87032&?JLKQ,E72
476870>/.:0>,%6F,
<14&2?@,.+ ?P47+2 //10>C@,.6;27OPBr/E7,XK?@/1O&KtB04&C72%K5K^/1+JL?J B,*E7,XK;8&2+ /K5?q+JL27OPBr2&K@(X,I-&27O&E7/.ciK^2 <14&2/7K?q+LJL2OXB2%K
KQ26u870>2]hi/10tO&2&?26/?/16u870iJ6F27OPBr/&M1,+ ,.0:74703,52,;870>/&hr47O&EJE7,XE72E7,;8.JLK^?qJO&,5,K^270?/1O&KB0j4.LE7,qM127+ ,I-&/10S2
476870>/.:0>,%6F,<14&20>2%?27-&,/7KV*,I+ /10>2.KpE72%K^KQ,*KpkEJ6;27O&K^72&Kp2?,I+ ?q47+L2/V%,.+ /105E7,/1-70>,I(GQ2PV*2276
?/1O&KJLE72703,XC@DX/5<14.2W/WV*,I+ /$0E7,A?/1O&KB0t4&CD*/5W?/1-703,XE7/;8&/$0$6"bE72YP:4&,A2W/;870>2%C/5WE72%] M.;8&/10$6"o(
($)&+ ,.-&/1032
476870>/.:0>,I6F,<14&20>2&?@27-&,E14&,XKfO&/&B,*KAE72
476,.+47O&/
2uK^24%Kf0>2%K8&2%?QBQJ V*/7K]8.2%KQ/7KM?,I+ ?q4+ 2u2
6F/7KB^032W,f6F&EJL,f8&/1O&E72703,XE7,AE72&K^K^,XKaO&/.Br,XK@(
~ Ny x

xwoy;X%xbF

xwoybuX%x

X%xbF*%x

~PIy~y{

(*l@,*C,f4769870>/.:0>,%6F,A<14&25032&?@27-&,A/WV*,7+ /10E72"476RE7278&H7KJ Br/JO.J?JL,.+ MI/WV*,I+/10E7,`BQ,UX,=E72`S4703/7K ?/16u8&/7KBr/7K


6F27O&K^,I+2W,A<14&,.OPBQJLE7,XE72YE7256F2%K^2&K E7,=,87+LJL?,*CD*/1([,I+ ?q47+ 2]2"6F/7KB^032W/WV*,I+L/10E7/6F/1OPBr,.OPBr2dhtJO&,I+(

u 5
P

([$0iJL2547698703/.:703,.6,=<14&2"0>2&?@27-&,f476gJOPBr2.J0>/;8&/KJ BQJ V*/;6;27O&/10<14&2'q52"6F/7KB^0S2YK@4&,`Br,.-74&,*E7,I(


q' 1($2&K^27OPV*/1+ V*,;476870>/.:0>,%6F,5<14&2032X?@27-&,5/"V*,I+ /10E7/K^,I+ .0iJL/E72476}hr47O&?JL/$O&.0iJL/2/"V*,I+ /10E7/K^,.+ I0SJL/
6O.J6F/1(q[,I+ ?q47+ 2Y2]J6u870iJ6F,A<14&,.OPBr/7K KQ,I+ I0SJL/7Ka6O.J6F/7Ka0>2+ ,BsJ V*/7K 2&KoB2Ghr47O&?qJL/$O&.0iJL/]:&,IO7&,.(

'.'%(b)*+ ,I-&/10>2p476870>/.:0>,I6F,F<14&20>2%?27-.,4766F_%Kd2476,IO&/p<14&,&JLK^<14&20NM2J6p870SJ6F,;/ O776F2703/pE72uEJL,*K


<14&2W/;6F_%KmJOPhi/10t6F,*E7/;8&/7KQK@4.J(&o2V*2]26R?@/1O&KsJLE720>,*CD*/5,.O&/7Ka-.JLK^K2PUBr/7K@(
'*Z7(&l,*C,f4.698703/.:703,.6;,=<14&2"0>2&?@27-&,A,WJLE7,*E72WE72"476F,f8&2&K^K^/7,=26R,.O&/7K 2fJ6u870SJ6F,A2&K^K^,YJLE7,XE72v
)*6g6;2&K^2&K@(
)*6RK^2I6F,.O&,*K@(
)*6REJL,*K@(
)*69&/103,XK@(
)*6g6JO74PB/7K@(
)*6RK^2:747O&E7/7K@(

'k([$0SJL24.68703/.:703,&6;,<14&20>2%?2-&,/K^,.+ I0SJL/E72476hr47O&?JL/1O&.0iJL/&MY?,I+ ?q47+L22J6u870iJ6F,/V*,I+ /10fE7/


J6u8&/7KB/5E72"0>27O&E7,A,AKQ20b8&,:&/&MIK^,.-&2O&E7/5<14&2v
&WJLK^27O&C@DX/5E72fJ6u8&/7KB/8&,I0>,A<14&2769032&?2-&2]ZW/1456;27O&/7K K^,.+ I0SJL/7Ka6O.J6F/7Ko
E72PV*258&,:%,.0 . E7,f0>2O&E7,=,IO74&,.+?@,XK^/;0S2%?2-&,=E72Yk], KQ,I+ I0SJL/7K`6O.J6F/7Ko
E72PV*258&,:%,.0'q E7,f0>2O&E7,=,IO74&,I+?,*KQ/032&?2-&,=E72Y],5'q5K^,.+ I0SJL/7K`6O.J6F/7Ko
E72PV*258&,:%,.01ZX E7,f0>2O&E7,=,IO74&,I+?,*KQ/032&?2-&,]6;,&JLK E72]Z*5K^,.+ I0SJL/7Ka6O.J6F/7K@(

'q1($2&K^2OPV*/1+ V*,
476870>/.:0>,%6F,u<14&2
032&?@27-&,u/ K^,.+ I0SJL/ E72 476hr47O&?JL/1O&I0SJL/&M ?@,.+ ?P47+ 2p2
J6u870SJ6F,/O&/&V*/
KQ,I+ I0SJL/pK^,.-&2O&E7/.ciKQ2<14&22%KrBr2p032&?2-&274
476,I4.6F27OPBr/pE72*M . M6F,XKG<14&2E72PV26K^270032&E14&JLE7/7K]%7ZX.
E7/;87+ ,.O&/5E72YKQ,I&E72WE7,A276870>2&K^,I(
' (X*,.-&2ciK^2"<14&2/<14.J+ /.],qBSBtcr&/10>,3scr.E7252O&270:IJL,5?q4&KBr,;4769E7&?J6;/E7/;KQ,I+ I0SJL/p6O.J6F/1(l@,XC@,476
870>/.:0>,I6F,
<14&2032&?2-&,
/V*,.+ /10E7/K^,I+ .0iJL/6O.J6F/2 ,
<14&,.OPBQJLE7,*E72E72 <14.J+ /.],qBSBrKocr&/10>,*K]:&,*KB,*K;8&/10
476F,]032&KJLE7_7O&?JL,.(q[,.+ ?P47+ 2W25J6870SJ6F,7v
V*,.+ /10NM.2690>2%,&JLKMIE72W?@,XE7,A<14.J+ /.],qBSBtcr&/10>,I(
V*,.+ /10NM.2690>2%,&JLKMI,=K^20b8&,:&/;8&/102&K^K^,50>2%KJLE7_7O&?JL,qMI?,*KQ/]Br27O7&,A?/1O&K@476JLE7/'k*M F 
c7(
O&/&V*/WV*,.+ /10,WK^270$8&,P:%/;8&/102%K^KQ,"0>2%KsJE7_O&?JL,qM.,f8&,.0NBoJ0E25476RE72%KQ?@/1OPB/5E72' . %
V JLKB,I(

'(&6u87+ 2I6F2OPB2"4769870>/.:0>,I6",f8&,.03,]032&?@27-&270/;8&2&K^/E725476F,f8&2&K^K^/7,YV*,.+ /10032.,I+LM.?@,.+ ?P47+ ,.025J6u870SJ6J0tv


8&2&K^/5E72&K^K^,f8&2&K^K^/7,W276:703,.6F,*K@(

X2Y2&K^K^,]8&2%K^KQ/7,A27OX:%/10>E7,I0k*M . M.<14&,I+K^2703=K^2745O&/&V*/;8&2%Ks/V*,I+ /$0b032&,I+.26:0>,I6F,XK@(

' (XT27032;4768703/.:703,.6;,8&,.03,0>2%?2-%20/F,IO&/FE72O&,*K^?J6F2OPB/E72;476F,8&2&K^K^/7,25/F,IO&/,qBs4&,.+ M?@,7+ ?P47+ ,.02



J6u870SJ6J0v

LJ E7,XE72YE72&K^K^,]8&2%K^KQ/7,A276}<14.JO&Q2O&,XK@(
)qK^K^,WJLE7,*E72W?@/1OPV*270BsJLE7,=269&/10>,*K@(

'(&I0>/7E14&^,]476870>/.:0>,%6F,A<14&250>2%?2-&,]4769O776;270>/5?@/16R?,*K^,=E72%?J6F,I+ MI?,I+ ?q47+ 2W2"6F/7KB^032v

X/16;27OPBr2W,f8&,.0NB2fJOPB27J03,=E7/;O776;270>/1(
X/16;27OPBr2W,f8&,.0NB2Ghr0>,*?qJL/1O&.0iJL,=E7/;O776;20>/1(

'(d%2&K^/1+ V*,/K^2X:4.JOPBr28703/1-+ 26F,I(dT6870>/.:0>,I6F,<14&20>2&?@27-&,/Ku?@/2htJL?qJL2OPBr2&K y MA2E72476;,


2&<14&,*CD*/E7/Z&F:0>,I4E7/BoJ8&/ yTG {R M`?,I+ ?q47+L226F/7KBs0>2/7K]V*,I+ /b032&KE72E72+ B,
2E7,XK
r

8&/7KQK V*2IJLK03,&L^2&K E7,Y2&<14&,*CD*/1(*OPhi/10j6F2f?,*KQ/5,A2&<14&,*CD*/;O&D*/;8&/7KQK@4&,"0>,%LQ2%K032&,IJLK(


I $&T 17 #IP%
ZX1(I)PKQ?P0>2V*,476\870>/.:0>,%6F,]<14&2;032&?2-&,],6F2%EJLE7,]E72;4769.OX:47+ /;276R:0>,I4&KtM?,%+ ?q47+ 252;J6u870iJ6F,]/;KQ2O&/&M
/5?/.ciK^27O&/52W,Br,.OX:%27OPBr2WE72%KQK2WIOX:47+ /1(
Z'%(%)&+ ,.-&/1032476e870>/.:0>,I6F,Y<14&20>2%?27-&,YE7/JLKJOPBQ2.J03/7KtM?,+ ?q47+ 2525J6u870iJ6F,W,"8&/&Bo_O&?JL,WE72F476g27+ 2PV*,*E7/,X/
/14PB^03/52dVIJL?2*cV*20>K^,I(
Z.Z7(q[b0iJL2547698703/.:703,%6F,=<14&2"0>2%?27-&,f4769O776F20>/JOPBr2.J03/"2fJOPht/10j6F2YKQ2Y27+ 2Y870SJ6F/1(
Z&k(&b2%K^27OPV*/1+ V*,f4769870>/.:0>,I6F,A<14&250>2%?2-&,]4769O776;270>/JOPBr2.J03/&M.?@,.+ ?P4+ 2W2]J680iJ6F,7v

0>,%JL 1
< 4&,XE103,XE7,AE72&K^K^25O776F20>/1(
0>,%JL q? 7-.JL?,AE72&KK^25O776F20>/1(

Z 1(W687+ 276F2OPB2476870>/.:0>,I6F,<14&20>2&?@27-&,476F,+ /1OX:&,KB^0iJOX:E72?,I0>,*?QBr270>2%K


22PU&J-&,,I8&27O&,*K
/7K
X
?,I0>,*?QBr270>2%Km<14&2Y2&KB^J V*20>26R27698&/7KJLC@72.KT6u8&,.032&K@(
Z (XT27032;4768703/.:703,%6F,]<14&2;0>2%?2-&,]/7KV*,I+ /10>2%KE7/7KB0>_%K+ ,*E7/7KE72;476R^j*LIM?,I+ ?q47+ 25252PU&J-&,],]K@4&,
.032&,AKQ2*:747O&E7/5,hiH10j647+ ,=E7220>D*/bv

5

I&y{

j    x

~={

OPB2%KE72F?@,.+ ?P4+ ,.0 ,70>2%,MV*20SJ htJL<14&2F,?/1O&EJLC@DX/uE722PU*JLKBQ_7O&?JL,E7/Bs0jJLIOX:747+ /&M$/14FK^2,qM$KQ2;/7KB^03_&KY+ ,*E7/7K


0>2&,I+6F2OPB2Ghi/10j6F,I69476Bs0SJLIOX:747+ /1(q[,XKo/;O&2*:&,qBQJ V*/&M.2U*J-&,]476;,]6F2O&K^,P:%2.6 JOPhi/10j6F,IO&E7/1(
Z&(&b2%K^27OPV*/1+ V*,f4769870>/.:0>,I6F,A<14&250>2%?2-&,=/WV*,I+ /10E7/+ ,*E7/5E725476R<14&,*E10>,*E7/2]JOPhi/10j6;2WK@4&,=I0>2%,.(
Z&(&)qK^?q032PV*,f4769870>/.:0>,%6F,A<14&25032&?2-&,=/WV*,I+ /10E7/;03,.JL/5E72"476F,=?J0>?P47Ohi20>_O%?JL,W2fJOPhi/10j6F2YK4&,AI0>2&,I(
Z&(m20>24768703/.:703,%6F,
<14&2032&?2-&,p/V*,I+ /10`E7,-&,*KQ26F2O&/10Md-&,XK^26F,%JL/102,I+ B^4703,
E72476B^03,.8&%sJL/
0>2PBrIOX:747+ /&MI2]JOPhi/$0j6;2W,AK4&,AI0>2&,A2W/5K^2458&20S6F2B^03/1(
Z&(&I0>/7E14&^,]476870>/.:0>,%6F,A<14&250>2%?2-&,=/WV*,I+ /10E7,*KTZWEJL,P:%/1O&,%JLKE72"4769+ /7K^,.OX:I/52]JOPhi/$0j6;2W,AK4&,AI0>2&,I(
k&1(a6u87+ 2I6F27OPBr2476 8703/.:703,.6F,<14&20>2%?2-&2/7K"V*,I+ /10S2&K;E72+ ,I0:470>,qM?/16870SJ6F2OPB/2,I+ B^4703,E72476
8&,.03,.+ 2+ 278.8.2&E7/&MI?,I+ ?q47+ 2]2Y2PU*J-&,AK^274=V%/1+476F27(

  ] pX  b 
k'%(q[b0iJL2547698703/.:703,%6F,=<14&2"+ 2.JL,f476F,YJLE7,XE72Y2]J6u870iJ6F,=,f6F2O&KQ,:%2.6RE72"6",%JL/10SJLE7,*E72W/145O&D*/1(
k7Z7(&l,*C,f4.698703/.:703,.6;,=<14&2"0>2&?@27-&,f476gJOPBr2.J0>/&M*V*270iJ htJL<14&2WK^2]58&,I0/1456u8&,I02fJ6u870SJ6;,=,f6F27O&K^,q:%276u(

k.k(d)*+ ,I-&/10>2476 870>/.:0>,%6F,<14&2032&?2-&,476F,K^27O7&,E7/4&K4&I0SJL/2?/16u8X,%032?@/16 ,K^2O7&,8&,XE103DX/


7 l@ X(Y*2 /7KV*,I+ /10>2%Khj/103276 J :4&,%JLKtM/eK^274e8703/.:703,.6F,}E72PV*2JOPhi/$0j6F,I0,6F27O&K^,:&26
?2%KQK^/

+LJ-&270>,*E7/ MI276}?,*KQ/5?@/1OPB03.0iJL/&M7JOPht/10j6;,.0,]6F2O&K^,P:%276
?@2&K^K^/;O&2X:%,XE7/ &(






k&1($2&K^2OPV*/1+ V*,
476870>/.:0>,I6F,u<14&2 0>2I?27-&,<14&,Bs0>/O./&B,*KWE72476,.+47O&/&Mm?,I+?P47+ 2p2 J6u870SJ6F,,
6F&EJL,
,.0iJ B^6FBoJL?@,E7,XKO&/&Br,*K2,}6;27O&K^,P:%276 E72,.8703/&V*,XE7/8&,.03, 6F&EJL,K@478&270iJ/10/14 J :74&,I+d,(L /14R,
6F27O&K^,:&2I6RE72503278703/&V*,XE7/;8&,I0>,f6F&EJL,fJOPhi270iJ/10,=(
k (m6F,u26u870>2%KQ,E72&?JLE72pE7,I0476,.4I6F27OPBr/E72pk% ,X/7KGhr47O&?JL/1O&I0SJL/7KY?q4/K^,I+ .0iJL/
JOXhi270iJ/10, .
0>2&,%JLK@(1)PK^?q0>2V*,u476870>/.:0>,I6F,F<14&20>2%?27-&,;/pK^,.+ I0SJ/pE72p476ehr47O&?J/1O&.0iJL/
2uJ6u870iJ6F,F/V*,I+ /10E7/
K^,I+ .0iJL/
0>2&,@i4&KB,*E7/5/145476F,f6F27O&K^,:&26R?,*K^/5/=hr47O&?JL/1O&I0jJL/;O&D*/WB2O7&,WEJ0>2J B/5,*/5,.46F2OPB/1(
k.(7m20>2p476 870>/.:0>,I6F,<14&2p032&?2-&,FE7/JLKYO776F20>/7KG2EJ :%,;KQ2/ 870SJ6F2IJ0>/p6F,%JL/10<14&2/pK^2*:747O&E7/&MK^2
KQD*/J :4&,&JLK /14WK^2W/5K^2X:47O&E7/556;,&JL/10<b4&2Y/;870SJ6F2IJ0>/1(
k.(&I0>/7E14&^,]476870>/.:0>,%6F,A<14&250>2%?2-&,=?JO&?/;O776F20>/7K 2WE1J :%,=,A<14&,.OPBQJLE7,*E72WE25O776F20>/7KaO&2X:%,qBoJ V*/7K@(
k.(m6u87+ 276F2OPB2476n870>/.:0>,%6F,
<14&202&?@27-&,
/7K5?/72htJL?qJL27OPBr2&K y MT2 E72476F,p2%<14&,XC@DX/E7/'":0>,I4
E72e/14PBs0>,92%<14&,&C@DX/E7/'X:70S,I4
yI {R 0>2%?27-&,}B,I6u-&76 /7K?/72PhrJL?JL27OXB2%K ~ M  2
4 ?/1O.?/10t0>2OBr2&K 2OBs0>2YKJ(
~

{R (*$2B20j6JO&2YKQ2Y,XK E14&,*Ka0>2XBr,XK K^D*/;8&,.03,7+ 27+ ,*K /1W

 
 



k.([$0SJL24.6 8703/.:703,&6;,p<14&2?@,.+ ?P47+ 22J6u870SJ6;,/K^,.+ I0SJL/032&,@i4&KtBr,*E7/E72476hr47O&?JL/1O&I0SJL/E72 ,*?/10>E7/


?/16R,AK^2X:4.JOPB2"0>2X:0>,7v
X,I+ I0SJL/7K ,Br"%& &
M.;0>2%,i4&KBr2&K E72 (
X,I+ I0SJL/7Ka6F,%JL/10>2&K <1&
4 2&% &M.;032&,@S4&KBr2&K E72Wk% (

.1(%)&+ ,.-&/1032476e870>/.:0>,I6F,Y<14&20>2%?27-&,f,W,I+ B^4703,5S 725/K^2PU/;E72476F,"8&2&K^K^/7,M?,I+ ?q47+ 2525J6u870iJ6F,W/K^274


8&2&K^/JLE72&,I+ M4PBsJ+LJL^,.O&E/5,*KK^2*:74.JOPBr2&K hiH106u47+ ,*Kv

 
 

*,.03,]&/16F2O&KvN7ZPM ] XM
*,.03,]6u47+&20>2%K@vXN7ZPMi' Y fI
&M



b'%(b)qK^?q032PV*,476870>/&:0>,I6F,;<14&2p032&?2-&,F/p?@H7EJ :&/pE72476870>/7E14PBr/p2K^24"V*,.+L/10j( %,XK^2%,XE7/ O&,5B,I-&27+ ,;E72


,.476F2OPB/5,I-&,%J U/&M./5K^245870>/.:0>,I6F,=E72V*2703=EJL^2701<14&,.+Y/;O&/%V*/;87032&C/5E7/;8703/7E$4PB/1(

   ! "$# %'&)(+*,&)-/.1023,&42056&)-7.8#:9
;
;7<
=
>$?
@
=<
A
@)?
Z7(qm20>25476870>/.:0>,I6F,=<14&2"+ 2.JL,A,WJLE7,*E72WE72"4769O&,*E7,XE7/102]J6u870iJ6F,=,AK@4&,=?@,Br2X:%/10SJL,AE7,*E7,=,*Ka0>2X:0>,*Kv

 2B.8&7"$#C(D!E2
F )27 &
FG-/HI2-/.1!G31J
<4KL:2 -'#M
FG-NHO2-N.1!P3/Q
A:KR;N?S2 -'#M
T10VU&)-!G3WJ
;;XKY;7=:2-$#M
TZ07U$&)-!G3VQ
;B@SKY;7L:2-$#M
['\)-! #C( 5]2$! #C(^&7M &6;NAS2 -'#M

_

7k( /p?q4703K^/pE72?/16874PB,*CD*/&M,O&/&Br,fhtJO&,I+&E7/p2&KBs4&E7,.OPBr2?,I+ ?q4+ ,*E7,F,8&,.0NBoJ0 E72k


O&/&Br,*Kd,qBs0SJ-74.LE7,*K
0>2&K@8&2%?QBQJ V*,I6F2OPB2;,476 Bs0>,I-&,.+&/uE72+ ,I-&/10>,qBH10iJ/&M$,476F,5,qV*,.+LJL,*CD*/uK^276;2&KB^03,.+&2;,4762U,I6F2]htJO&,.+( K

O&/&B,*KV*,.0iJL,.6RE72A5,5'q52W,fO&/&Br,`htJO&,I+@Y,]6;&EJL,f8&/1O&E7270>,*E7,AE7,XK kO&/&Br,XKa6F2O&?JL/1O&,*E7,XK@(
B,I-&27+ ,A,AKQ2*:74.J0.hi/10jO.2&?@2W/7Ka8&2&K/7K E7,&KaO&/&Br,XKv
Q ,.-&/103,BrH10SJL/
V*,.+(*276F2%KtBs0>,I+

)UX,.6F25lJO&,.+

*2&K^/Z
*2&K^/5k
*2&K^/

2%K^27OPV*/1+ V*,476\870>/.:0>,I6F,]<14&2;032&?@27-&,],*KkO&/&Br,XKaE7/F2%KtBs4&E7,IOPB2M?,I+ ?q47+L252J6u870SJ6;,],56F%EJL,=htJO&,I+25/


b
?/1O&?2IJ B/E72%KQK^2Y2&KoB^4&E7,IOPB2(?/1O&?2IJ Br/K^2X:4&2W,B,I-&27+ ,A,.-&,%J U/bv

&EJL,5lJO&,.+
&1'q
&.
&.
.
.

a b
a a
a a
a a
a a

[/1O&?@2.J Br/
)

` 


.1(b)qK^?q032PV*,4.6870>/.:0>,%6F,;<14&2p032&?@27-&,;/ 870>2&C@/pE72p4768703/7E14PB/&MK^274?@H7EJ :X/pE72/10SJ :%2762J6u870iJ6F,F,


K4&,f870>/7?@2&E7_O&?qJL,.( 8703/7?2&E7_O&?JL,Y/1-&2&E2&?@2 KQ2*:74.JOPBr2dBr,I-%2+ ,Iv

[H7EJ :&/5E72Y/10SJ :%276


'
Z
k

I0>/7?2%E7_7O&?JL,
2X:IJLDX/ /10Br2
%
%2X:IJLD*/ /10>E72%KB2
%2*:.JLD*/5[27OPBs0>/ c 2&KBr2
&2*:.JLD*/]I4&E72&KBr2
%2X:IJLD*/].47+

c_
c_

(q[b0iJL2547698703/.:703,%6F,=<14&2"0>2%?27-&,A,YJLE,*E72WE72"476F,f8&2&K^K^/7,=2Y?q+ ,*KQKJ htJL<14&2WK^2*:74.JO&E7/5/5?q0iJ B0SJL/5,WK^2*:74.J0v

E7,XE72
5,YZW,IO&/7K
k],f'I'G,.O&/7K
'*ZW,5'],IO&/7K
ZX5, . ,IO&/7K
?J6F,AE72 I ,.O&/7K

[ + ,*K^KsJ htJL?@,XC@DX/
$
%2%?76 c O&,*K^?JLE7/
[$0iJL,.O&C@,
E7/1+ 2&K^?@27OPBr2

E147+ B/

E7/7K^/

7(l@,*C,
4.68703/.:703,&6;,u<14&2 0>2%?27-&,/?@H7EJ :&/ E7/ ?,I0:%/E72 476hr47O&?JL/1O&.0iJL/&MaJ6u870SJ6F,KQ24?@,.0:&/ 2p/
8&270>?@27OPBs4&,.+E2Y,.476F2OPB/5,*/5<14&,I+2&KoB2Gho47O&?JL/1O&.0iJL/]B26REJ0>2IJ Br/5K^2X:4.JO&E7/5,`Br,I-%2+ ,=,I-&,%J U/bv
[H7EJ :%/5[,.0:&/;*270>?@27OPBs4&,.+
'
Z
k

[ ,.0:&/

)PKQ?P0SJ Bs470>I0SJ/
X2%?q032PBr.0iJL/
[,%J U,
T270327OPBr2
J032PBr/10

*20>?2OPB^4&,I+

k .
ZX
'q
*276R,I4.6F2OPB/

7(&l,*C,f4.698703/.:703,.6;,=<14&2f6F/7KB^032547696;27O74W?/6R,XK K^2X:4.JOPBr2&K /18&C72%K@v


X/16;,
&,%JL <14&,XE103,XE7,
lJO&,I+LJL^,.0

\870>/.:0>,I6F, E72PV*2032&?@27-&270G,/18&C@DX/E72%K^2,XE7,qM=0>2&?@27-&20d/7KE7,XE7/7KO&2%?2&K^K^70iJL/7K8&,.03,, /18&2703,XC@DX/E2


?,*E7,"/18&C@DX/&M032&,I+LJLQ,I0 ,"/18&20>,*CD*/u2J6u870SJ6J0 /
032&K@47+ B,*E7/1( ,/18&CD*/FhtJO&,I+JLQ,I0/870>/.:0>,I6F,5E72PV*20>K^270
27O&?20j03,XE7/1(

R_

7($m6F,?/6u8&,IO7.JL,E72KQ2:470>/7Kf8&/7KQK@4.J&Bs0>_&KA?,qBr2X:%/10SJL,*K=E72uK^2*:74703/7K]-&,*K^2&,*E7,XKfO&,uJLE7,*E72u2u/7?P478&,XC@DX/
E7/K^2*:74703,XE7/1(7X/16;27OPBr2
8&2&K^K^/7,XKA?/168&2+ /6F27O&/7K5'p,IO&/7K=2
O&D*/6F,%JLK=E72p&
,IO&/7Kf8&/7E7276,*E7<14.J0SJ0
,.8&H1+LJL?@2&K E2WK^2X:470>/7K@( A4&,.OPBQ/ K ?+ ,*K^KQ2IKE72Y/7?q478&,*C72&K hi/10>,I6RE72htJOIJLE7/7K Bs0>_&K :0j478&/7K E7250iJLKs?@/1( Br,I-&2+ ,

,=K^2X:4.J0%hi/10tO&2&?2Y,XK ?@,Br2X:%/10SJL,*Km26hr47O&CD*/5E7,hi,&J U,AE72]JLE7,*E72]2YE7/]:70t478&/5E7250jJK^?/bv

$d

F  27)& Q 2$! ejV# (f0g$#Skml$&S ! h)# ! Mi*,J# 3 .8#


;/AS2n>7@ L
A o
><:2p@)? @
< q
@r;n2nL$? ;
> =
l,*C,476 8703/.:703,.6;,u<14&2 0>2%?27-&,,pJLE7,&E72p2p/
:70t478&/E72 0jJLK^?@/3-PMa6/14p,& 2E72B20j6JO&2p2 J6u870iJ6F,u/
?H7EJ :%/5E7/5KQ2*:74703/1(

s_

7(%m6F,A276u87032&K^,WE72%?JLEJ4]E7,I04.6F,G:70,qBoJ htJL?@,XC@D&/E72 ,qBr,.+,*/7KmK^274&K hr47O&?JL/1O&I0SJL/7KMb-&,XK^2&,*E7,5O&/O776F20>/


E72p&/10>,*KG2PUBs0>,*KG2pO&/ O776F20>/pE72&/10,*KG<14&2/hr47O&?JL/1O&I0SJL/hi,I+ Bo/14,*/Bs0>,I-&,.+&/1(7V*,.+ /10 E7/ 870>_6JL/p
/1-PBoJLE7/;8&2+ ,A?/1O&K@47+ Br,]O&,B,I-&27+ ,A,AKs2*:74.J0NM.26R<14&2v

ut O_

Yv $w  O_
xyf5z!G-07.8#M,{ )% (+\)5z! #]y}|){
$< ??
~ >7@ ??
 ;NA??>7@ ??  @)? ?
 ;V>$?? ;/A??  =$??
 q$?? ;7>'??  >$??
;/??
 q$??

f T76F20>/5E72"&/10>,*K2UBs0>,*K Z k A T76F20>/7K E725&/103,XKochi,.+ Br,.

l ,*C,4768703/.:703,.6F,;<14&2p032&?@27-&,;/ O76;270>/pE72&/10>,*KG2PUqBs0>,*Kd2/ O776F2703/pE72


&/10>,*Kochi,I+ Br,F266JO74PBr/7K
E72476hr47O&?JL/1O&.0iJL/1(T6u870SJ6;,/O776F20>/E72&/10>,*KF2UB^03,XK;276 &/10>,*KtM`/O776F20>/E72&/103,XKochi,I+ B, 276
&/10>,*K2Y/WV*,.+ /$0E7/;870>_76JL/1(
($l@,*C,476870>/.:0>,I6F,<14&2
032&?@27-&,/pV*,I+ /10E7/K^,+ .0iJL/6O.J6;/&M /O776F2703/E72&/10>,*KdBs0>,I-&,.+&,*E7,XKM/
1
O776F2703/E72E7278&27O&E72OPB2%KFE7/hr47O&?JL/1O%I0SJL/2,<14&,.OPBQJLE7,*E72E72&/10>,*K;2PUBs0>,*K"Bs0>,I-&,.+&,*E7,*K( [,.+ ?P47+ 22
J6u870SJ6F,A/5K^,.+ I0SJL/5,f0>2%?2-&20E7/Whr47O.?JL/$O&I0SJL/5K^2X:4.JO&E7/5,*K032X:0>,*K ,.-&,%J U/bv

7w

/WV*,.+ /10E7,]&/103,dBs0>,I-&,.+&,*E7,="J :74&,I+,f' E7/5KQ,I+ I0SJL/;6O.J6F/.


/5KQ,I+ I0SJL/5E7/;6F_%K"J :74&,I+,X/;O776;270>/5E72"&/10>,*KB^03,.-&,I+&,XE7,*K V*2&^2&KT/WV*,.+ /10E7,5&/103,`Bs0>,I-&,.+&,*E7,
8&,.03,=?@,XE7,AE7278&2O&E727OPBr2W,&?P0>%KQ?PJ6F/5E72Wk7Z"0>2&,%JLKo
8&,.03,=?@,XE7,f&/10>,A2PUBs0>,GB^03,.-&,I+&,*E7,=/5?@7+L?q47+ /5E7/WV*,I+ /$0E7,f&/10>,dBs0>,I-&,I+&,XE7,A,X?P0>2.K^?JLE7,=E72

/uK^,.+ I0SJL/
-70t4XB/uJ :4&,.+X,*/uK^,I+ .0jJL/E7/ 6F_&KA6F,%JLK/7KV*,I+ /10>2&KE7/7KE728&27O&E72OPB2.KA6;,&JLK/7KV*,I+ /10>2%K
E7,XKa&/10>,*K 2PUBs0>,*Ko
/5?I+ ?q47+ /5E/WV*,.+ /10E/J6u8&/7KB/5E72"0S27O&E,f0>2PBQJLE7/;O&,dhi/1OPBr2WK2X:4&2W,AK^2X:4.JOPB2GB,-&27+ ,7v

c

l
K^27OPBr/
'q
Z*

,I+ .0iJL/ 70t4PBo/


*
JOPhi20SJ/10,YZX.
E72fZX.5,qBr .
K@478&270iJL/10, .

/5KQ,I+ I0SJL/;+L<14.JLE7/]J :4&,.+,*/5K^,.+ I0jJL/;-70j4XBr/;6F27O&/7Kl


,d:0>,qBoJ htJL?@,XC@DX/5K^2*:74&2Y,]870SH&U&J6F,`Br,I-&27+ ,7v

*,I+ .0iJL/^L<14.JLE7/
BYk

I478&270SJL/10,=k

03,BQJ htJ?,*CD*/
'q.;032&,%JLK
;0>2%,&JLK

/5KQ,I+ I0SJL/5,f0S2&?@27-&270E/Whr47O&?qJL/1O&.0iJL/]J :4&,.+,*/5K^,.+ I0SJL/+LL<14.JLE/;6F,%JLK,G:0>,qBoJ htJL?@,XCD*/1(

p 

1& 5 $ q 1
'%(&l,*C,f4.698703/.:703,.6;,=<14&2"0>2&?@27-&,f4769O776F20>/JOPBr2.J0>/&MI?,I+ ?q47+L2Y256F/7KBs0>2W,GB,I-74&,*E7,=E72%KQK^2"O776F2703/1(
Z ($)PK^?q0>2V*,p4768703/.:703,.6F,<14&2
0>2%?2-&,,uJLE7,*E72uE72'q8&2%K^KQ/7,*KM ?@,.+ ?P4+ 22
J6870SJ6F,,<14&,IOPBoJLE7,*E72uE72
7
8&2&K^K^/7,XKa6F,%JL/10>2%KE72fJLE7,XE72"JLE7,XE72 "'f,.O&/7K3(

t

k(&)qK^?q032PV*,f4769870>/.:0>,%6F,A<14&25032&?2-&,=,YJLE7,*E72WE72"' 8&2&K^K^/7,XKMI?,I+ ?q47+L2W2fJ6u870SJ6F,7v

,=<14&,IOPBoJLE7,*E72WE72"8&2&K^K/7,XK 276}?,*E7,`hi,%J U,=2BI0SJL,


,]8&/103?27OPBr,:&26RE72W?@,XE7,hi,&J UX,=2BI0jJL,A2690>2+ ,XC@DX/5,*/WBr/&B,I+E7258&2&K^K^/7,*K(
,XKhi,%J U,XK 2BI0jJL,*KK^D*/bv
c' ,.O&/7K
f
'Wc1k&5,IO&/7K
k'c ,IO&/7K
7Wc1&5,IO&/7K
W'G,IO&/7K

(Y)PK^?q0>2V*,476 8703/.:703,.6F,<14&20>2%?2-&,476?/1Oi47OPBr/E72V*,.+ /$032&KJOBr2.J0i/7K28&/7KJ B^J V*/7KM"?,I+ ?q4+ 22


1
J6u870SJ6F,A/;6F,%JL/102Y/6;27O&/10%V*,I+ /$0E7/;?/1Oi47OPBr/1(**,I0>,A27O&?20j03,.0,A27OPB0>,*E7,=E725E7,*E7/7KM.E72V*2WK^20EJ :.J Br,XE7/
/V*,.+ /105^20>/1(=*,I0>,V*,I+ /10>2&K O.2*:&,qBoJ V*/KMYE72PV*2K^270527OPV%JL,*E7,476;,6;27O&K^,P:%276(G)PK^KQ2%KV*,.+ /1032&K
N^2703/2
O&2X:%,BQJ V*/7KO&DX/52OPB0>,I0>D*/;O&/7K ?+ ?q47+ /7K@(
. (a)PK^?q0>2V*,4.6 8703/.:703,%6F,<14&2032&?@27-&,476 O7I6F2703/JOPBr2.J03/2V*270iJ htJL<14&2Ks2/O776F20>/hi/10jO&2%?JLE7/
870SJ6F//14O&D*/1(d6u870iJ6F,6F2O&K^,P:%2.6 E72O776F20>/870iJ6F//14O776F2703/O&D*/870iJ6F/1(G-&K^270NV*,XC@DX/bvd476
O776F2703/55870SJ6;/5KQ2Y2&KBr2W]EJ V%JLK@ V*27+,I8.27O&,*K8&2+ /;O776F2703/;476R258&/1027+L256;2&K@6F/1(
()qK^?P0>2PV*, 476n870>/%:703,.6F,p<14&2032&?2-&,'qO776F2703/7K5JOPB2IJ0>/7K]2 J6u870iJ6F,p,p<14&,IOPBoJLE7,*E72
E72O776;270>/7K

870SJ6F/7K E727OPBs0>2Y/7KaO776F2703/7K<14.2Ghi/10>,I6gEJ :.J Br,XE7/7K@(

()*6 4.6F,;27+ 2.JLC@DX/ 87032&KJLE727O&?JL,.+ M2PU&JKBr276<14&,qBs0>/p?,IO&EJLE7,qB/7K@(7KV*/&B/7KGK^DX/


JOPhi/10t6F,*E7/7Kd,qBs0>,qV*&KGE72

?H7EJ :%/1(K ?@H7EJ :&/7Ka4PBQJ+LJL^,*E7/7KmK^D*/bv
'M7ZM.kM&WV*/&Br/7Ka8&,.03,=/7Ka032&K@8&2.?QBQJ V*/7KT?,7O&EJLE7,qBr/7Kr
V /&B/;O747+ /.
*
=V*/&B/5269-70>,IO&?/1(
)qK^?q032PV*,f4769870>/.:0>,I6F,A<14&2W?,I+ ?q47+ 2Y2]J6u870iJ6F,Iv
/WB/&Br,.+E2GV*/&B/7Ka8&,703,=?@,XE7,A?,IO&EJLE7,qBo/.
/WB/&Br,.+E2GV*/&B/7KaO74+ /7Ko
/WB/&Br,.+E2GV*/&B/7KT2769-703,.O&?@/.
,]8&/103?27OPBr,:&26RE72dV*/&Br/7KaO747+/7K K^/1-70>2f/WB/&Br,.+E2GV*/&B/7Ko
,]8&/103?27OPBr,:&26RE72dV*/&Br/7K 2769-703,.O&?@/5Ks/1-7032W/WBr/%Br,I+E72dV*/.B/7K@(

*,.03,`htJO&,I+LJL^,.0/"?@/1Oi47OPB/5E2dV*/&Br/KMXBr26"ciK^2W/WV*,I+ /10^2703/1(

u_S
_
C_St    ) O_ Y_

Ahi,Br/$0SJL,I+E72
MfK^27O&E7/<14&2/V*,I+ /10FJOXBr2.J0S/E72 \
(W)qK^?q032PV*,476 870>/.:0>,%6F,8&,.03,?@,.+ ?P47+ ,.0
hi/10jO&2&?JLE/;8&27+ /;4&K@4&70iJL/1(@*,I-&2XciK^2W<14&2v
"' AZ dk Y((( = uc '* p2Y<14&2= "'M8&/10E72htJO.JLCD*/1(

t

(m)qK^?q032PV*,4.6870>/.:0>,%6F,p<14&2+ 2.JL,476 O7.6;270>/JO&E72PBr270j6JO&,XE7/E72+LJO7&,*K5?/1OPBr27O&E7/&Ma?,*E7,476F,MT,



JLE7,XE725E72;476eJO&EJ V%LE14&/1( 7+ BQJ6F,5+LJO7&,qM<14&2;O&D*/F2OPB^03,.03O&/7K?@.+ ?P47+ /7KtM?/1OPBr769/fV*,I+ /10bE7,5JLE7,*E72J :4&,.+

,=^2703/..?@,.+ ?P4+ 2Y2W2%Ks?P0>2PV*,A,YJLE7,XE256;&EJL,AE72&KB2A:70t478&/5E72]JO&E1J V%LE14&/7K@(

&1( 2.6"ciK^2 4.6?/1Oi47OPBr/E72pE7,*E7/7KW?@/1OPB2O&E7/,,.+ Bs470>,u2p/ K^2PU/


870>/.:0>,I6F,=<14&2Y?,I+ ?q47+ 2Y2W2&K^?032PV*,7v

/14lmE72' 8&2&K^K^/7,*K( l,*C,4.6

,]6F,%JL/102Y,]6;27O&/10,I+ Bs470>,AE7/]:70t478&/.
,]6F%EJL,=E72Y,.+ Bs470>,AE7,*K647+&270>2%Ko
/;O776F2703/5E725&/16F2O&K(

t w 

'%(
?@/1OPV*270>K^D*/E72
:703,.4&Kl@,I70>27O7&2IJ B"8&,.03,[2OPBo :0>,*E7/7K5/1-PBQJLE7,8&/10`?
@ hdcGk.Z.3(ml@,XC@,4.6

870>/.:0>,I6F,<14&2F?@,.+ ?P47+ 22;2&K?q0>2V*,476F,fBr,I-&27+ ,E2":0>,I4&K[27OPBQ :703,XE7/7KG2:703,.4&K]l@,.70327O7&2IJ BSM$<14&2"V*,I0SJL,I6


E72 5,A E72'G276e'%(
7Z7(l@,XC@, 4.6n870>/.:0>,%6F,p<14&20>2%?27-&,qM ?@/16F/2OPB^03,XE7,qM`476F, +LJLKB,pE72O776F20>/.KF8&/7KsJ BQJ V*/7K]/14O&2X:%,BQJ V%/7K
htJO&,.+LJ^,XE7,;?/16/ O776F2703/pQ20>/p2Fhi/10tO.2&C,qM?/16F/pK^,%LE7,M,FK^/16F,;E7/7KYO776F270/7KY8&/7KJ BoJ V*/7KM,;K^/16F,;E7/7K
O776F2703/7KO&2*:&,qBQJ V*/7K2Y,=K^/16F,AE7,*KE14&,*K K^/16F,XKa8&,I0>?JL,&JLK@(
.k(%6F,W2I6u87032&K^,WE72%?JLEJ4Whi,X^270476e+ 2XV*,.OPBr,I6F27OPBr/276e0>2+ ,XC@DX/,*/7K?@,.O&EJLE7,qBo/7KT<14&2]K^2],I8032&K^27OPBr,703276
8&,.03,87032&27O&?P7J6F27OPBr/E72V*,:&,*K O&/KQ24<14&,XE103/E72hr47O&?JL/1O&I0jJL/7K@(I478./1O&E7/<14&2V*/?@_K^2,/
870>/.:0>,I6F,XE7/10 E72&K^K^,F26u870>2%K^,Mhi,*C,4.6870>/.:0>,%6F,;<14&2p+ 2IJL,u8&,I0>,;?,*E7,;?,IO&E7JLE7,Br/p,JLE7,XE72M/pK^2PUX/

/14lm2 ,p2PU%8&20jJL_7O&?JL,O&/K^270V%JC@/ /14 m3(*,.03,p27O.?20j0>,I0,p27OXB^03,XE7,pE2


E,XE7/7KMTEJ :IJ B2 ^2703/8&,.03,p,
JLE7,XE72([,I+ ?q47+ 2W2Y2&K^?032PV*,7v

/;O776F2703/5E72W?,IO&EJLE7,qB/7K E/5K^2PU/Whi26JO.JO&/.
/;O776F2703/5E72W?,IO&EJLE7,qB/7K E/5K^2PU/;6F,*K^?q47+LJO&/.
,WJLE7,*E7256F%EJL,=E7/7Ka&/16F2O&K <14&2`Br_6R2U%8&270iJL_7O&?JL,]O&/5K^270V%JLC/.
,]8&/103?27OPBr,:&26RE7/7Ka&/16F27O&K ?/166F,&JKE72A ,IO&/7K 27OPBs0>2W/]Br/&B,+E7/7Ka&/16F27O&Ko

/;O776F2703/5E7256u47+&20>2&K ?@/16gJLE7,XE72fJOPht270SJL/10,=k ,.O&/7K 2Y?/16R2PU.8&270SJL_O&?JL,fO./"K^20V%JLC/.


,]6F2O&/10JLE7,*E72W2OPB^032W,*K647+&270S2%K<14&2dBr_76R2U%8&270iJL_7O&?JL,fO&/K^270V%JC@/1(

&1($l@,*C,4.6870>/.:0>,%6F,<14&2
0>2%?27-&,,JLE7,*E72u2u/8&2%KQ/
E72' 8&2&K^K^/7,XK@([,I+ ?q47+ 2u2J6u870SJ6F,,XKY6F%EJL,XK
E7/7K8&2&K^/7K]E7,*K8&2&K^K^/7,*K]E7, 6F2&K@6F,;hi,&J U,p2BI0SJL,I( K=hi,%J U,*K]2PBrI0SJL,*K]K^DX/bv$E72'u,'P,IO&/7KjMTE72'.',
ZX

,.O&/7KMIE72]Z'G,Ak&5,IO&/7K 256F,%JL/10>2%K E72Wk&5,IO&/7K@(


(&l,*C,f4.698703/.:703,.6;,=<14&2"0>2&?@27-&,AE14&,XKaO&/&Br,XK E72Y],.+47O&/7K 2]?@,.+ ?P47+L2W2]J6870SJ6F,7v
,]6F%EJL,=2OPB^032W2%KQK^,*KTZ5O&/&B,*KTE72W?,*E7,A,7+47O&/.
,]6F2O&K^,P:%2.6}E72W,*?/10>E7/5?@/16R,B,I-&27+ ,Y,.-&,%J U/bv

%EJL,

a . a
a I a
a &'qCb

27O&K^,:&26
27870>/&V*,*E7/
%
)U,I6F2dhtJO&,I+
870>/&V*,*E7/

/WB/&Br,.+E2Y,.+47O&/7K ,I870>/.V*,XE7/7K 2Y/YBr/&Br,.+E72W,I+47O&/7Ka0>2870S/&V*,XE7/7Ko


,]6F%EJL,d:%2703,.+E7,A?q+ ,*K^K^2PMJLKtBr/5PMI,f6F&EJ,A27OPBs0>2W,*Ka6F&EJL,*K E7/7K ,.+47O./7K@(

.(Il@,*C,476\870>/.:0>,%6F,f<14&2;0>2&?@27-&,],"JE7,*E72525,],I+ B^4703,5E72WV*.0iJL,XK=8&2&K^K^/7,XK@(X[,I+?P47+ 252J6u870SJ6;,],6F%EJL,


E7,XKA,.+ Bs470>,*KAE7,XKf8&2&K^K^/7,XKA?/166;,&JLKAE72
,IO&/7K@(1*,I0>,27O&?@270j03,.0T,27OPBs0>,*E7,E72E7,XE7/7KM EJ :IJ Br2pJLE7,XE72
Q20>/1(

t

.(.[,XE7,2&K@8&2%?QBr,XE7/10 E2u476\?JO&276;,0i2&K@8&/1O&E7274F,476\<14&2&KoBoJL/1O&I0jJL/
O&/p<14&,I+&?/1O&KBr,V*,;K@4&,FJLE7,*E722,
K4&,Y/18.JO.JLDX/26e0>27+ ,*CD*/,X/]htJ+6F2vH&BQJ6;/ kXM-&/16 ZPMb0>2X:47+ ,I0
'*(%l@,*C,f476e870>/.:0>,%6F,Y<14&20>2%?27-&,
,WJLE7,*E72W2Y,=/18.JO7JLD*/5E72"' 2%K@8&2&?QBr,*E/10i2&KM.?@,.+ ?P47+ 2W25J6870SJ6F,7v

v

,]6F%EJL,=E7,*KTJLE7,XE72%K E7,XKa8&2&K^K^/7,*K<14&2F0S2&K@8&/1O&E72703,.6}H&BoJ6F/.
,=<14&,IOPBoJLE7,*E72WE72"8&2&K^K/7,XK <14&25032&K@8./1O.E7270>,I69032X:47+ ,.0
,]8&/103?27OPBr,:&26RE7258&2%KQK^/7,*K <14&250>2%K@8%/$O&E720>,I69-&/16R27OPBs0>2GB/7E7/7K /7K 2&K@8.2&?^B,*E/10>2%K,IO&,I+LJLKQ,*E7/7K@(

.(b 6F,;?20Br,fhtJ0t6F,5hi2&Y476F,8&2&K^<14.JLK^,FE726F2703?,*E7/ 8&,.03,FK^,I-&270K^2,XKY8&2&K^K^/7,*K`:%/7KB,I0>,I6/14pO&D*/pE72


476O&/&V*/870>/7E14PBr/p+ ,IO&C,*E7/1(*,.03,5JLK^KQ/5hi/10jO&2%?24"/K^2U/E7/27OPBs0>2PV%JLKoBr,XE7/2"K@4&,;032&K@8&/7KB,NKJ6e/14O&D*/3(
X,I-&27O&E7/5<14&2Ghi/10>,I6R27OPBs0>2VIJLKtBr,*E7,XK'q8&2%KQK^/7,*KMXhi,*C,f4769870>/.:0>,I6F,A<14&2W?@,.+ ?P47+ 2W2]J6870SJ6F,7v

/;O776F2703/5E7258&2&K^K^/7,*K<14&2"0S2&K@8&/1O&E720>,76}KsJ6
/;O776F2703/5E7258&2&K^K^/7,*K<14&2"0S2&K@8&/1O&E720>,76O&DX/.
/;O776F2703/5E7256u47+&20>2&K <14&2"0>2&K@8./1O&E7203,.6RKJ6"
,]8&/103?27OPBr,:&26RE725&/16F2O&K <14&250>2%K@8&/bO&E720>,I69O&D*/527OPBs0>2dBr/7E7/K /7K&/16;27O&K ,7O&,I+LJLK^,XE7/7K@(

.(l@,XC@,476 870>/.:0>,%6F,<14&20>2&?@27-&,u'qO776F2703/7KtM$?@,.+ ?P47+ 2F2J6u870SJ6F,,K^/16",E7/7KAO776F20>/7KA8&,I0>2&K2,


KQ/16;,=E7/7KaO776F20>/7Ka870SJ6F/7K@(
&1(&l,*C,f4.698703/.:703,.6;,=<14&2fJ6u870SJ6;,]OX,Br27+ ,A,XKBr,.-74&,*E7,XK E72'G,f'P1(
'%(Il@,*C,476\870>/%:703,.6F,f<14&25,.87032&K^27OPBr2;476\6F27O745E725/18&C72%K8&,I0>,]/;?I+ ?q4+ /E7,*KK^2*:74.JOPBr2&Ka/18&270>,*C72%K
27OPBs0>2
E7/JLKO776F20>/7Kv$,XEJCD*/&MTK@47-PB^03,XCDX/&M`6u47+ BQJ87+LJL?,*CD*/2
EJ VIJLK^DX/1(*/7K^KJ-.J+J Bo2
,*/4&K@4&.0iJL/2%KQ?@/$+&270,
/18&270>,*CD*/5E72&K^2,*E7,qM6F/7KBs0>,I0/0>2%K@47+ B,%E7/52dV*/1+ Br,70,*/;6F2O74WE72W/18&C72%K@(

7Z7(& 6F,f+ /,]4PBQJ+LJL^,W/7K K^2X:4.JOPB2%K ?H7EJL:&/7Ka8&,I0>,A,XKBs0>,IO&KQ,*C72%K E72]?,*E7,=EJL,7v

V$A8&,I0>,A?/16870>,*K V%JLKB,I(
8A 8&,I0>,A?/16870>,*K,f870>,*^/1(

E ,XE7,4.6F,+LJLKB,E72B^03,.O&K^,*C72%K?@/1OPB2O&E7//V*,I+ /10FE72?@,XE7,?/16u8703,2/
7
B^03,.O&K^,*CD*/1(*l@,*C,f4769870>/.:0>,I6F,A<14&2W?,I+ ?q47+ 2Y2]J6u870iJ6F,7v

032&K@8&2&?^BoJ V*/?H7E1J :%/E7,

V*,.+ /10.B/.Br,.+E7,*K ?/16u8703,XK V%JLKrBr,P


V*,.+ /10.B/.Br,.+E7,*K ?/16u8703,XK ,f870>,*s/.
V*,.+ /10.B/.Br,.+E7,*K ?/16u8703,XK 2Pht2B^4&,*E7,XKo
V*,.+ /10,
032&?@27-&208&2+ ,XKY?/16u8703,XKY,
870>,%Q/&MJLKtBr/ PMa870iJ6F2.J03,
8&,.03?27+ ,qM K^,I-&27O&E7/<14&2p2%KB,*KWK^2703DX/
8&,P:%,XK 26B^03_&KV*2&^2%K(

X,I-&2XciK^2W<14&2YK^DX/52hi2PBs4&,XE7,*KTZ Bs0>,IO&KQ,*C72%K8&/10EJL,.(

.k(bl/JXhi2IJ B,476F,8&2&K^<14.JLK^,;E72,I4&EJL_7O&?JL,;E72?@,.O&,I+&E72 2I6V*I0SJL,*Kd?@,XK^,*KGE.2p476F,;?20Br,F?JLE7,XE72M26


476 E72PBr270t6JO&,*E7/EJL,.(m*,I0>, ?,*E7,
?,*Ks,uV%JLKJ B,*E7,uhi/Jhj/10tO&2&?qJLE7//O776F2703/E/?,IO&,.+ %M M*Md'&Z.2 /
O776F2703/5E7258&2&K^K^/7,*K<14&2Y2&KoB,qV*,I6R,XK^KJLKBoJO&E7/5,A27+L2"O&,X<14&2+ ,=?@,XK^,I(@*2W,Br2+ 2PV%JLKDX/52%KBoJ V*2%KQK2WE72%K@+J :%,*E7,M
O&,XE7,AK^270SJL,A,IO&/&B,*E7/&M./14WK^2,qMI2&KoB,A?,*K^,5O&D*/527OPBs0>,I0SJL,fO&,]8.2&K^<14.JLK^,I(*l@,*C,f4769870>/.:0>,I6F,A<14&2v
+ 2.JL,f4769O776F2703/JO&E72PBr270t6JO&,XE7/5E72YE7,&E7/7KMJLKtBr/5PMI/;O776F20>/5E7/5?,IO&,I+@2*
/;O776F2703/5E7258&2&K^K^/7,*K<14&2Y2&KoB,qV*,I6R,XK^KJLKBoJO&E7/.
?,I+ ?q47+ 2W2"J6u870SJ6F,A,f8&/10>?2OPB,:%276RE72Y,.4&EJL_O&?JL,A276R?@,XE7,A?,IO&,.+(

*,.03,=2O&?270t0>,I0,A27OPB0>,*E7,=E72YE7,XE7/7KMIEJ :.J Br2W/;O776F20>/5E7/5?@,.O&,+Q20S/1(


&1(&l,*C,f4.698703/.:703,.6;,=<14&2"0>2&?@27-&,A,WJLE7,*E72PMI,A,.+ Bs470>,A2W/;8&2%Ks/5E72' 8&2&K^K^/7,*K(q[,.+ ?P47+ 2W2]J6870SJ6F,7v
,=<14&,IOPBoJLE7,*E72WE72"8&2&K^K/7,XK ?/16 JLE7,XE72YK478&20SJL/10, 5,IO&/7Ko
,]6F%EJL,=E7,*K ,.+ Bs470>,*K E7,XKa8&2%KQK^/7,*Km?@/16gJLE7,*E72W27OPBs0>2'q52fZX5,IO&/7Kr
,]8&/103?27OPBr,:&26RE7258&2%KQK^/7,*K ?/1698&2%KQ/;JOPhi20SJ/10,G.5<14.J+ /7KT27OPBs0>2=Br/7E7,*K,*Ka8&2&KK^/7,XK ,IO&,.+LJLK^,*E7,XK@(

($l@,*C,476870>/.:0>,I6F,p8&,I0>,?,I+ ?q47+ ,I0,I0>2&,E72 476B^0iJL.OX:47+ /1($)PKB2 8703/.:703,76F,O&DX/8&/7E72


8&20j6J BQJ0m,
2 OPBs0>,*E7,=E72YE7,XE7/7KaJOPV*.+LJLE7/7KM8&/$02PUX276u87+ /&M6F2&EJLE7,*Ka6F27O&/1032&K /14]J :4&,&JLK ,AQ20S/1(
7
.(`l@,*C,4.6 8703/.:703,&6;,<14&20>2%?27-&,/V*,I+ /10W2/?H7EJ :%/E72V*I0SJL,*Kp6F20>?@,&E7/10SJL,*K"V*2O&EJLE7,XK276
E72PBr270j6JO&,XE7/5EJL,I(`K?@H7E1J :&/7K /1-&2&E72%?26 Br,.-&2+ ,=,I-&,%J U/bv

Zzv+LJ6u8&2&^,
zv ,I+LJ6F2OPB,*CD*/
)
v .J :IJL27O&2
[,I+ ?q47+ 2Y2]J6u870iJ6F,7v

/WB/&Br,.+QV%2O&EJLE7/;O&,X<14&2+ 2YEJL,MI?/16B/7E/7K /7K ?H7EJ :%/7Ki47OPBr/7Ko


/WB/&Br,.+QV%2O&EJLE7/;O&,X<14&2+ 2YEJL,=26R?,*E7,5476}E7/7K?@H7EJ :&/7K@(

*,.03,=2O&?270t0>,I0,A27OPB0>,*E7,=E72YE7,XE7/7KMIEJ :.J Br2W/WV*,I+L/10E7,f6F2703?,*E7/10SJL,W^20>/1(

476

.(l@,XC@,4I6870>/.:0>,I6",<14&20>2%?27-&,,;JLE7,*E72F2;/u2&KBr,XE7/p?J V%J+&N[uc ?,*K^,XE7/&M15c K^/1+ Br2.J0>/&M cV%JPV*/u2


c
E72&K^<14.J B,*E7/5/14WK278&,I0>,*E7/.E72]ZX;8&2%K^Ks/,*K(q[,.+ ?P47+ 2W2fJ6u870SJ6F,7v
,=<14&,IOPBoJLE7,*E72WE72"8&2&K^K/7,XK ?,*K^,XE7,*Ko
,=<14&,IOPBoJLE7,*E72WE72"8&2&K^K/7,XK K^/1+ Bo2IJ0>,*Kr
,]6F%EJL,=E7,*KTJLE7,XE72%K E7,XKa8&2&K^K^/7,*K$V%JXV*,*Ko
,]8&/103?27OPBr,:&26RE7258&2%KQK^/7,*K E72&K^<14.J B,*E,XK /14WK^278&,I0>,*E7,XK E72OPB0>2GB/7E7,*K ,XKa8.2&K^K/7,XK ,IO&,.+LJLK^,*E7,XK@(

.(&l,*C,f4.698703/.:703,.6;,=<14&2"0>2&?@27-&,A,WJLE7,*E72PMI/;8&2&K^/52Y/5KQ2U/5E72F'q8&2&K^K^/7,XK@(P[,I+ ?q47+ 2Y2]J6u870iJ6F,Iv


B/&Br,.+E72"./16F27O&Ko
B/&Br,.+E72"6u47+&270i2&Ko
6F&EJL,AE7,XKTJLE7,*E72&K E7/7Ka&/16F27O&Ko
6F&EJL,AE7/7Ka8&2&K^/7K E7,XKa6u47+&20>2&K@(

.(m 6;,03,&JO7&,032&<14.JLKJ B/14 /7K5KQ20VIJLC/7K5E724766;/1OX:&2 2EJLK^K^2Xcr+&2 <14&28&,q:%,.0iJL,


<14&,.+ <14&20=87032&C/1(
6F/1OX:&2MGO&2%?2%KQKJ Br,.O&E7/E72,I+LJ6F2OPB/7KMY8&20:47OPB/14 03,&JO7&,K^2/8&,P:%,.6;27OPBr/8&/7E720SJL,KQ20`hi27J Br/?/16
:703DX/7KE72Bs0SJ :%/eEJLK@8&/7KB/7K276 476 B,I-747+ 2.J03/eE72U,*E10>2ItME72Br,I+dhi/b0t6F,}<14&2g/870SJ6;2.J0>/e<14&,*E10>/
?/1OPBQJ V*2&K^Ks2,.8&2O&,XK476:703DX/2/7K<14%,*E10>/7K;K@47-&K^2&< &27OXBr2&KM/E7/1-70>/E7/<14.,XE103/,IOPBr270jJL/10t(
0>,%JO7&,

?/1O&KJLE72703/14/
8&,P:%,I6F27OPBr/
-&,I0>,qB/p28&2.EJ4F<14&2;/pK^270VIJLC@/hi/7KQK^2;2PU*2%?q4PBr,XE7/&M$K276K^2;E7,.0 ?/1OPBr,;E72F<14&2
KQ20SJL,;J6u8&/7K^K V*2+X2Xhi2B^4&,I0/8&,P:%,.6;27OPBr/1(l@,*C,4768703/.:703,.6;,8&,I0>,?@,.+ ?P47+ ,.0 / O776F2703/uE72":0>D*/7K<14&2/
6F/1OX:&2Y2&K@8&2703,V*,f0>2%?2-&270j(

&1(`)PKQ?P0>2V*,4.6 7
8 0>/.:0>,%6F,<14&2J6u870SJ6;,B/7E7,*K,*K8&/7KQKJ-.J+LJLE7,*E72&KE72<14&2O&/+ ,IO&C,I6F27OPBr/E72E7/JLK
E7,XE7/7KBr27O7&,I6F/7K W
/ V*,.+ /10]?/16F/;032&K@4+ B,*E7/5E7,=K^/16F,AE7/7KV*,.+ /1032&K E2W?@,XE7,AE7,&E7/1(

_ _

'%(&)*+ ,I-&/10>25476870>/.:0>,I6F,=<14&2fJ6u870SJ6,`Br/7E7/7K /7KaO776F2703/7K870iJ6F/7K 2PU*JLKBo2OPB2IK2OPB^032 a'A2


'G2 ZWK^D*/;O776F2703/7KO&,qBs470>,%JLK$ht/10tO&2&?JE7/7Ka8&27+ /;4&K@4&I0jJL/1(

_ _

ZM.26R<14&2

t Vw

7Z7(&I0>278&,I0>2"4769870>/.:0>,I6",A<14&2W?@,.+ ?P47+ 2]/WV*,I+ /10E2"1M.K^2O&E7/5<14&2W27+L2YWE72XBr270t6JO&,XE7/;8&2+ ,=K^0iJL2" "' X'


k qZ

((( . 1(
k

w w w w

t Vw $w k wc)wX'q w Z

.k()*+ ,I-&/10>24768703/&:0>,I6F,5<14&2FE72B20j6JO&2;/FV*,I+ /10E72M$2.6\<14&2v* p' X'Ac Z 


k.(((c 'q P'qI1(

w

)w

&1(a)PK^?q0>2V*,4.6 7
8 03/.:703,%6F,<14&2?,I+ ?q47+ 222%K^?q0>2V*,,KQ/16;,E7/7K;E72&870SJ6F2IJ0>/7K5B20j6F/7K;E7,K^2*:74.JOPBr2
KQ0SJL2vZ .fc
Z .&]c @k
(((

$w

$w

(%6F,W,q:%_7O&?JL,WE728747-7+LJL?JLE7,XE725<14&20 870>2&KBr,.01Ks20V%JLC/7KTK^/16F27OPBr28&,I0>,W,*K6;,&JL/1032&KT?/16u8&,IO7.JL,XK 276


O776F2703/ E72hr47O&?JL/1O&.0tJL/7K
276
?@,XE7,476F,E7,*Ke?q+ ,*K^KsJ htJL?@,XC@72&Kv:703,.O.E72PM6F%EJL,M8&2%<14&27O&,2
6JL?q03/7276u87032&K^,.(7*,.03,=B,I+ M?@/1O&KQ2*:74&2;4769?@/1OS47OPBr/;E725E7,XE7/7Ka?/169/F?@H7E1J :&/&M/O776F20>/;E72Whr47O&?qJL/1O&.0iJL/K
2W/;8&/10Br2WE7,A276u87032&K^,I([/1O&KB^0t4&,547698703/.:703,.6;,=<14&2"+LJLKtBr2W/?@H7EJ :&/5E7,A276u87032&K,=?@/1696F,%JL/10>2%K032&?P470>K^/7K
7476F,.O&/7K E72OPB^03/5E72WK@4&,=?@,Br2X:%/10jJL,I(*$BoJ+LJL^2W?@/16F/WhrJO&,.+LJL^,*E/10/5?H7E1J :%/5E72W26u870>2%KQ,YJ :4&,.+,G1(

.(l@/J032&,I+LJ^,*E7, 476F, 8&2&K^<14.JLK^,


K^/1-70S2
,.+ :476F,*K]?,I0>,*?QBr270iLKrBQJL?,*KWhtLKJL?@,XKfE7,8&/18747+ ,*CD*/E72476F,p?20Br,
0>2X:IJLD*/&M.,A<14&,.+?@/1+ 2PBr/14]/7KK^2*:74.JOPBr2&K E7,&E7/7Ka032Phi270i27OPBr2&K ,=?@,XE7,f&,I-IJ Br,IOPB28&,I0>,Y,.O&I+LJLK^2v

KQ2U/

` ]v6F,*K^?q47+LJO&/5/14 lzvhi276FJO.JO&/

z v
Z]v

zv\V*20>E72%K/14 [)v?,*KB,IO7&/7K
[zv ?@,XKBr,.O7&/7K /14 $)v870>2B/7K

?/10E7/7K 1
/ +./7KT
,X@4.JLKM

?/10E7/7K @? ,.-&2+ /7KT + /14703/7KtM


JLE7,XE72(

l,*C,f47698703/.:703,&6;,=<14&2YE72PBr270j6JO&2W2W2IKQ?P0>2V*,Iv
,]6F,%JL/10JLE7,*E72WE7/7Ka&,I-.J B,IOXB2%Ko
,}8&270>?@27OXBr,P:%276 E72}JO&EJ V%LE14%/7KE7/9Ks2U/hi26JO.JO&/9?P4,}JLE7,*E722&KoB2OBs0S29'}2k
JO&?q+4&KJ V*2PMI2W<14.2dBr27O7&,I6R/1+&/7KV*203E72&KT2W?,I-&27+ /7Ka+L/1470>/7K@(

,IO&/KM

htJO&,.+E7/?@/1OS47OPBr/5E72&,I-.J B,IOPBo2%K 50S2%?/1O7&2&?JLE7/;8.27+ /WV*,I+/107co'G27OPBs0>,IO&E7/5?/$6F/JLE7,*E727(


.( O&,*?q+ 2B/5Br276'M 6F2PBs0>/;25?q032&K^?2Z5?2OPBo6;2PBs0>/7K8&/$0b,IO&/&M27O&<14&,IOPBr/l@27+LJLK@-&20B/5Br276'Mi'q6F2PBs0>/

25?q0>2%K^?25k?2OPBo6F2B^03/7K8&/$0b,IO&/1(X[/1O&KtBs0j4&,F4768703/.:703,.6,]<14&25?,I+ ?q47+ 252J6870SJ6F,]<14&,IOPBr/7K,IO&/7KK^2703DX/


O&2&?2%K^KQI0SJL/7Ka8&,0>,A<14&2"l@27+LJLK@-.270NB/5K2,56;,&JL/10<14&2 O&,*?q+ 2B/1(

.(W&2%,.+LJL^/14XciK^2476F,8&2&K^<14.JLK^,8&,I0>,E72PBr270t6JO&,.0;/O&EJ?@2E726;/10Br,.+LJLE7,*E2JOPhi,IOPB^J+276 476?270NB/
8&270SL/7E7/1(&[/1O&KBs0j4&,;476870>/.:0>,I6F,5<14&2;+ 2.JL,5/O776F2703/E72?q0iJL,.O&C@,XKGO&,*K?JLE7,*KGO./p8&270iL/7E7/2M1E7278&/JKM1276
476 O7I6F2703/JO&E72B20j6JO&,*E7/E72V*2%^2&KM / KQ2U/ E72 4.6F,?P0SJL,IO&C,
6;/10Br,p
6F,XK^?P47+LJO&//14 l
hi276JO.JO&/25/uO776;270>/;E726F2&K^2%KE72WV%JE7,]E7,]?P0SJL,IO&C,I(X[/16F/fhtJO&,I+LJL^,XE/10NM.B20>26;/7K,+ 2B^03,
fO&/+4X:&,I0
E7/5KQ2U/5E7,A?q0SJL,IO&C,I(&b2*B20j6JO&2Y25J6u870SJ6;,Iv

` v

iv

,]8&/103?27OPBr,:&26RE72W?P0SJL,IO&C,*K6;/10Br,XKaO&/8&270iL/7E7/.
,]8&/103?27OPBr,:&26RE72W?P0SJL,IO&C,*KE7/5K2PUX/;6F,XK^?P47+LJO&/;6F/10Br,XKaO&/;8&20iL/7E7/.
,]8&/103?27OPBr,:&26RE72W?P0SJL,IO&C,*K<14&2GVIJ V*270S,I6RE7/JLK ,.O&/7K /1456F2O&/7KaO&/;8&270SL/7E7/1(

.(b)6476870>&EJL/ &5Bs0>_&KG2+ 2V*,XE7/1032.KGE727O&/16JO&,*E7/7K M 2[$(1*,I0>,;/&BoJ6JLs,I0/pKJLKBo26F,FE72?/1OPBs0>/$+ 2

E7/7K2+ 2PV*,*E7/10S2&KM*hi/J0S2&,I+LJL^,XE/;4769+ 2V*,.OPBr,I6F27OPBr/;O&/5<14&,.+?@,XE7,f4&K@4&.0tJL/;0>2&K@8&/$O&EJL,7v

/527+ 2PV*,*E7/10<14.2"4PBoJ+LJL^,V*,A?/1696;,&JLKhr0>2%< &_7O&?JL,P


/;8&270SL/7E7/5<14.2"4PBoJ+LJL^,V*,A/27+ 2V*,XE7/$0MI27OPBs0>2v
56;,Bs4PBoJO&/.
o
dV*2%K8&20BQJO./.
o
5O&/&Bs470jO&/1(

` :t
t
_t

[/1O&KBs0j4&,f4769870>/.:0>,I6F,A<14&2W?@,.+ ?P47+ 2W25J6u870iJ6F,7v

<14&,.+Y/527+ 2XV*,*E7/10b6F,%JLKhr0>2%< &2OPB,*E7/52]26R<14&258&20SL/7E7/5K^2W?/1O&?@27OPB0>,A/;6F,&JL/10.hr+4PU/.


<14&,.+/;8&20SL/7E/;6F,%JLK4&K^,*E7/5E72dBr/7E7/K2f,=<14&2Y27+ 2PV*,*E7/108&20Br27O.?2*
<14&,.+,AEJ hi270S2O&C,f8&2703?27OPBs4&,.+2OXB^032W/;6,%JLK4&K^,*E7/5E7/7Ka&/10>70iJL/7K 2W/6F27O&/7Ka4&K^,*E7/.
<14&,.+,f8&2703?27OPBr,:&26RK^/1-70>2W/]Br/&B,I+E725K^270NV%JLC/7Ka80>2&KBr,XE7/7K E/527+ 2V*,XE7/$0E7256F%EJL,]4PBQJ+JLQ,*CD*/1(

5srC1
&1( [b0iJL24.6 870>/.:0>,%6F, <14&20>2%?2-&,E.2%O&/16F2&KE7/4&K@4&.0iJL/&M,I0j6;,X^27O&2*ci/7K5276
6F/7KB^032W,f+LJLKtBr,:&26fM7JO&EJL?@,.O&E7/5,f8&/7KJLCD%/5E72W?,*E7,fO&/16F27(

4.6n,.0t0>, 2,*/htJO&,.+

'%()*+ ,I-&/10>2476n870>/.:0>,I6F,p<14&2
?q0iJL246V*2PBr/10?/16 'q8&/7KJLC72%K5JOXB2IJ0>,*K]2032&?@27-&,pK^274&KWV*,I+ /10S2&KfE/
4&K4&I0SJL/1( /WhtJO&,I+/5KQ245870>/.:0>,I6F,AE72PV*2703]6;/7KtBs0>,I0K^/16F2OPB2Y/7KV*,7+ /10>2%K ,X?qJ6;,=E7,f6F&EJL,I(

7Z7(%)&+ ,.-&/10324.6e8703/.:703,&6;,=<14&2]?P0SJL2476V*2B/101E72F' 8&/7KJLC72%Km?@/16V*,.+ /1032&KT,.+ 2%,BrH10SJ/7KTE7/147-7+ 27( /]htJO&,.+

/;870>/.:0>,I6F,=E72V*2703]6F/7KBs0>,I0/;6F,%JL/102f/;6F27O&/10.V*,.+ /10t(
k(b)*+ ,I-&/10>2p476870>/.:0>,I6F,F<14&2?q0iJL2p476V*2B/10 ?/16 qBs0SJOX:%KY8&,.03,":4&,.03E7,.0T/7KWO&/16;2&KGE72p8&2%KQK^/7,*K@(I
.
V*2PBr/10bE72PV*2K^270 870>2I27O&?q.JLE7/8&2+ /4&K@4&.0jJL/;25,*/fhtJO&,+E72V*25KQ20hi2.J B,F476F,]?/1O&K@47+ Br,]?/16\476\O&/&V*/O&/16F2
8&,.03,=K^,I-&270K^2Y27+L2W2%KtBrA/14"O&D*/5?,*E7,*KtBs0S,*E7/1(
&1(d)*+ ,I-&/10>2476870>/.:0>,I6F,<14&2?q0iJ2476F,6F,qBs0SJLukXUP?@/16nV*,I+ /10>2%Kp,.+ 2%,PBrHb0iJL/7KuE7/147-+ 27( /htJO&,.+m/

870>/.:0>,I6F,=E72V*2703Iv

/7KBs0>,I0/7KV*,7+ /1032&K E7,]6;,Bs0SJo


/7KBs0>,I0,AKQ/16;,=E7/7KV*,I+ /b032&K@(

(d)*+ ,I-&/10>2476870>/.:0>,I6F,<14&2?q0iJ2476F,6F,qBs0SJLukXUX?@/16nV*,I+ /10>2%Kp,.+ 2%,PBrHb0iJL/7KuE7/147-+ 27( /htJO&,.+m/

870>/.:0>,I6F,=E72V*2703Iv

/7KBs0>,I0/7KV*,7+ /1032&K E7,]6;,Bs0SJo


*2&EJ0b476V*,.+ /10
AE7/;4&K@4&.0iJ/.
47+ BQJ87+JL?,I0%Br/7E/7K /7KV*,I+/1032&Ka8&2+ /WV*,I+ /$0%hi/10jO&2%?qJLE7/;8&27+L/;4&K@4&I0SJL/.
/7KBs0>,I0bO&/&V*,I6F27OPBr2W/7K V*,.+ /1032&KTE7,]6;,Bs0SJL@(

Y

.(d)*+ ,I-&/10>2476870>/.:0>,I6F,<14&2?q0iJ2476F,6F,qBs0SJL&UP?@/16nV*,I+ /10>2%Kp,.+ 2%,PBrHb0iJL/7KuE7/147-+ 27( /htJO&,.+m/

870>/.:0>,I6F,=E72V*2703Iv

/7KBs0>,I0/7KV*,7+ /1032&K E7,]6;,Bs0SJo


/7KBs0>,I0/WV*,7+ /102W,f8&/7KJLC@DX/5E7/;6;,&JL/102+ 276F2OPB/.
/7KBs0>,I0/WV*,7+ /102W,f8&/7KJLC@DX/5E7/;6;27O&/102+ 276F2OPB/1(

.(b)*+ ,I-&/10>2p476870>/.:0>,I6F,F<14&2?q0iJ246,.0t0>, ;?/16Z*V*,.+ /$032&KYJOPB,+ 2&,qBH10jJL/KAN27OPB0>2;


2..3(IK^274
870>/.:0>,I6F,=E72V*2703Iv

$
$

/7KBs0>,I0/7KV*,7+ /1032&K E/5,.0t0>, A/b0iJ :.JO&,I+


[b+ ,*K^KJ htJL?,I0276}/10>E7276}?q0>2%K^?27OPBr2W/7K V*,.+L/1032&K E7/5,.0t0>, 
/7KBs0>,I0/7KV*,7+ /1032&K E/5,.0t0>, aA?+ ,*K^KsJ hrJ?,*E7/1(

.($)&+ ,.-&/1032
476870>/.:0>,I6F,<14&2u?q0iJL2
476,.0t0>, ?/16
870>/.:0>,I6F,=E72V*2703Iv

'quV*,I+ /10>2%KWJOPBY87032&2O&?q7JE7/7K]8&2+ /4&K@4&0SJL/1(K274

/7KBs0>,I0%Br/E7/7K /7KV*,I+/1032&K E7/5,70t0>, 


/7KBs0>,I0/WV*,7+ /10E7,]6;&EJL,AE7/7K2+ 276F2OPB/7Ko
/7KBs0>,I0<14&,IOPB/KV*,.+ /10i2&K K^DX/;6F,%JL/10>2%Km<14&2Y,]6;&EJL,I(

.(&)*+ ,I-&/10>25476870>/.:0>,%6F,A<14&2W?q0iJL2WE7/JK ,.0t0>, *Kv


T698&,I0>,G:74&,I0>E7,I0/7KaO&/16F2%K E72W?JO&?@/;8&2&K^K^/7,XKo
T698&,I0>,G:74&,I0>E7,I0,*KaO&/&B,*K E7,XK ?JO&?/;8.2&K^K^/7,XKo

K^274870>/.:0>,I6F,E72PV*20>0>2&?@27-&20"/}O&/16F22,IO&/&B,E72?@,XE7,8&2&K^K^/7, :4X,I0>E7,IO&E7/276
?/10j032&K@8&/1O&E727OXBr2..2Y,&/WhtJO&,I+^hi/10tO&2.?20tv

?@,XE7,,I0j0>,

L+ JLKB,:&26R?/168&/7KsJLC@DX/&MO&/16F2Y25O&/&Br,=E72Y?,*E7,=,I+47O&/.
O&/16F2WE7/5,I+47O&/5?/166F,&JL/10$O&/&B,
O&/16F2WE7/5,I+47O&/5?/166F27O&/10$O&/&B,I(

q' .1()&+ ,.-&/1032476870>/.:0>,%6F,5<14&2?P0SJL2476F,;6F,qB^0iJLkXUXM1/1O&E72,*KG+LJO7&,*KG0>2870>2.K^27OPBr,I6/7KmV*2O&E72&E7/1032&K2


,XKA?/1+47O&,*K]032787032&K^27OXBr,.6/7Kf6F2&K^2%K=E72 ,IO&2.J03/, ^47O7&/1( KA?+47+ ,XKf0>2870S2&K^27OXBr,.6,*KV*27O&E7,*K=E72u?@,XE7,

V*27O&E72&E7/10G276 476nE72PBr270j6JO&,XE7/6F_%K@(92U27687+ /,.-&,%J U/0>2870S2&K^2OPB,476F, ,.6F/7KBs0>, E72?@/16F/2&K^K^,


6F,Bs0SJLa8&/7E720SJL,AKs20b870>2%27O.?q.JLE7,I(

27O&E72&E7/10'
27O&E72&E7/101Z
27O&E72&E7/10k

,.O&2IJ0>/
%M .
.&%M .
7Z MZ

l@2PV*27032.J03/
.&&M.
'q7XM
Z.ZX&M.

, 0>C/
I
I&&M.
'&Z M.
.XM

-70SJ+

Z IXM I
&
.k%&M I
. M I

, JL/
%
7.*M .
Z.Z MNk'
..*M .

^47O7&/

.
M>ZX
Z.Z&kXM.
Z&.XMi'q

K^274870>/.:0>,I6F,E72PV*20>:%2703,.0],I+ 2&,qB/10iJL,.6F2OPB2/7KFV*,I+ /10>2%KuE72V%27O&E7,8&,I0S,,XK?7+47+ ,*K@(KFV*,I+ /10>2%K


8&/7E7276RK^270E72=&M.5,5'q.IXM.1( /WhtJO&,I+E72PV*2703]6;/7KtBs0>,I0tv

6 ,qB^0iJLE72GV*27O&E7,*Ko
F
B/&Br,I+s:&20>,I+E2GV*27O&E7,*Ko
O&/16F2WE7/WV*2O&E72&E7/10<14&2dV%27O&E72456F,&JLKo
O&/16F2WE7/;6;_&K <14&2W,f+ /,]6F,%JLKV*27O&E724X
6F&EJL,AE72dV*2O&E7,XKa8&/10.V*27O&E72&E7/10

6F&EJL,AE72dV*2O&E7,XKa8&/10$6F_&K@(

También podría gustarte