Parents handbook 2010 2011

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Parents handbook 2010 2011

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  8. 8. R" #$%"&'()*+$,"-'*.%//0"!121! ! .#":,#2*9%/''0* .#":,#2*9%/''0*.#"8%"1,0* C#$!4%',5%J!2&#++(!5*)![]2!4%'*&'F5(!'.!%$.F+*.'8($!-+%!/#$!F%',5%J!.&#++(!f![]2!5*)!%$F+%/.!/+!/#$!b'%$&/+%I! !$1?&2*.#"8%"1,0)* C#$!4%'*&'F5(!5FF+'*/.!)$F?/J!F%'*&'F5(.!-+%![5%(J!$5%.!]+?*)5/'+*Ug$J!2/5E$!X*$!5*)!g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a5,$! @+($.! ]5%?9![@b`@Ya! 4%',5%J!5*)![]2!4%'*&'F5(! =?_$(!W1@Y2XhY! []2!f!g2<!b$F?/J!4%'*&'F5(! @?/#!3[aCXa! g2:!b$F?/J!4%'*&'F5(! g$((J!=@[[a]1[eb! C$5&#$%!j!a?%.$%J! e?,'*'/5!eY2>`! C$5&#$%!j!a?%.$%J! >%'./'5*5!2Yh`! C$5&#'*E!Y..'./5*/!j!a?%.$%J! @+?9'$!WY>7WX`C! C$5&#'*E!Y..'./5*/!j!a?%.$%J! W5*?$(5!=@`1Y! C$5&#'*E!Y..'./5*/!j!a?%.$%J! X5*5!1Xa[>2`! C$5&#$%!j!@$&$F/'+*! Y('*5!a[1>`! C$5&#$%!j!@$&$F/'+*! Y*'/5!W>>Y@C[@! C$5&#'*E!Y..'./5*/!j!@$&$F/'+*! W5)5('*5!e[XabY@! C$5&#'*E!Y..'./5*/!j!@$&$F/'+*! e'*).5J!W1ee[@! C$5&#$%!j!$5%!<! Y)%'5*5!4Y12! $5%!e$5)$%!j!$5%!<! W+*'&5!C`bX2Ya`! C$5&#'*E!Y..'./5*/!j!$5%!<! W5%'($*5!b@Y=71>[Ya`! C$5&#'*E!Y..'./5*/!j!$5%!<! Y('&$!Y2WY@Yab[1! C$5&#'*E!Y..'./5*/!j!$5%!<! =?_$(!W1@Y2XhY! $5%!e$5)$%!j!$5%!:! 45?(!3[aCXa! C$5&#$%!j!$5%!:! 1?('5*5!=71@>X1Y2! C$5&#'*E!Y..'./5*/!j!$5%!:! Y('*5!2>X@>1Y! C$5&#'*E!Y..'./5*/!j!$5%!:! h$%+*'95!2`b1C`! C$5&#'*E!Y..'./5*/!j!$5%!:! @+8J*!g[Y@a2! $5%!e$5)$%!j!$5%!A! [('_58$/#!3Y@g[@! C$5&#$%!j!$5%!A!
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  10. 10. 2 #$%"&'()*+$,"-'*.%//0"!121! 1" ! 9$%'8B,#2*9%/''0* 9$%'8B,#2*9%/''0*.#"8%"1,0* C#$!2$&+*)5%J!2&#++(!4%'*&'F5(!'.!%$.F+*.'8($!-+%!/#$!.$&+*)5%J!.&#++(!5*)!%$F+%/.!/+!/#$!b'%$&/+%I! !$1?&2*.#"8%"1,0)* C#$!4%'*&'F5(!5FF+'*/.!/G+!b$F?/J!4%'*&'F5(.!5*)!/#$J!%$F+%/.!/+!2$&+*)5%J!2&#++(!4%'*&'F5(!5*)!5%$! %$.F+*.'8($!-+%!,+*'/+%'*E!./?)$*/.6!F%+E%$..!5&%+..!/#$!&?%%'&?(?,I!C#$!+D$%5((!G$(-5%$!+-!./?)$*/.!'*!/#$! J$5%!E%+?F.!/+!8$!5!@$D'$G$%!?*)$%!/#$!4%+-$..'+*5(!./5*)5%).!-+%!C$5&#$%.I! IJ,:*4=="%$#* [M5,!X--'&$%!'.!'*!&#5%E$!+-!/#$!5),'*'./%5/'+*5(!F%$F5%5/'+*!5*)!',F($,$*/5/'+*!+-!/#$!J$5%(J!1=>2[! $M5,'*5/'+*.!5*)!#$!'.!%$.F+*.'8($!-+%!&++%)'*5/'*E!/#$!b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a5,$! @+($.! '(,5_!=`@2YgYe! 123!b'%$&/+%!j!W5/#$,5/'&.! Y('!`g2[e! 2$&+*)5%J!2&#++(!4%'*&'F5(!j!1>C! b%I!Y*)%$!a[e! g2A!b$F?/J!4%'*&'F5(!j!CfC! [%D'*!1`2[1a! g2R!f!g2T!b$F?/J!4%'*&'F5(!j![M5,!X--'&$%!j!>5%$$%!>+?*.$((+%!j!3'+(+EJ! b$*'.$!"@Y==! 7$5)!+-![*E('.#!b$F5%/,$*/!j![*E('.#!j!$5%!l3!]+%,!C$5&#$%! Y('*5!W17Y1! 7$5)!+-!W5/#$,5/'&.!b$F5%/,$*/!j!$5%!<A!e$5)$%!j!W5/#$,5/'&.! 1*E%')!2CYa>1`! 7$5)!+-!>%$5/'D$!b$F5%/,$*/!j![>Y!>++%)'*5/+%!j!$5%!<:!e$5)$%!j!4[! >5%,$*!kY7Y@1Y! 7$5)!+-!W]e!b$F5%/,$*/!j!$5%!<;!e$5)$%!j!2F5*'.#!e5*E?5E$! W'#5$(5!7Y4[a>1`>! 4%+Z$&/.!f!X(J,F'5).!>++%)'*5/+%!j!$5%!B!e$5)$%!j!W5/#$,5/'&.!
  11. 11. #$%"&'()*+$,"-'*.%//0"!121" 2 2! ! ]?((!a5,$! @+($.! =$+%E$!4X4[2>`! 7$5)!+-!2&'$*&$!b$F5%/,$*/!j!$5%!m!e$5)$%!j!2&'$*&$! a'&9!3@X"a! 7$5)!+-!7?,5*'/'$.!b$F5%/,$*/!j![&+*+,'&.! Y/595*!b[@[e1X=e`! $5%!l!e$5)$%!j!Y(?,*'!>++%)'*5/+%!j!@[! a$8'!1(9$%!2[h1W! $5%!<<!e$5)$%!j!4#J.'&.!! 1%$*$!a[e! 2[a>X! Y('*5!41`Y@`! [*E('.#!j!4%$F!]+%,!C$5&#$%! 25('!>#5/_'!>7X`22[1a! [*E('.#!j!$5%!<;Y!]+%,!C$5&#$%! 45/%'&9!>Y2[! [*E('.#! W'&#5$(!b[he1a! [*E('.#! 2?.5*!Y@>713Yee! [*E('.#!j!$5%!mY!]+%,!C$5&#$%! i?('$!Y@W2C@Xa=! [*E('.#!j!$5%!<A!]+%,!C$5&#$%! >5,$%+*!3@`ag[! [*E('.#!j!$5%!l>!]+%,!C$5&#$%! 75('(!18%5#',!2YYa! W5/#$,5/'&.!j!$5%!m!e$5)$%6.!45%/*$%! 3$9'%!31@>Ya! W5/#$,5/'&.!j!$5%!BY!]+%,!C$5&#$%! 2$(5,'!Y#,$/!2Ye=`@! >#$,'./%J! >+F'(!3X=bYa! >#$,'./%J!j!$5%!m>!]+%,!C$5&#$%! e5D'*'5!YabX@Y! >#$,'./%J!j!$5%!<:Y!]+%,!C$5&#$%! 3($..J!2Yh`! [&+*+,'&.!j!$5%!<;3!]+%,!C$5&#$%! 15'*!CX"Y@b! [&+*+,'&.!j!$5%!m3!]+%,!C$5&#$%! >#%'./+F#$%!2"[[C! 7'./+%J!j!$5%!B3!]+%,!C$5&#$%! >%'./'*5!4X4[2>`! @+,5*'5*!j!$5%!lY!]+%,!C$5&#$%! Y8)'!2[aXe! 1>C!j!$5%!<A!]+%,!C$5&#$%! W'#5$(5!3X@XkYa! 1>C! Y)'*5!3Y@3`! W?.'&! 2+%+*5!=@1=X@Y2! Y%/! 2585#5/!Xkb[W1@! C?%9'.#!j!$5%!<;!e$5)$%6.!45%/*$%! Y**'$!=[aC1e! ]%$*&#!j!$5%!<<Y!]+%,!C$5&#$%! b5'5*5!WYhe[Y! ]%$*&#! Y#,$/!b`abY@! 2F5*'.#! b'($9!=`e[a! C?%9'.#!j!$5%!B!e$5)$%6.!45%/*$%! +5H=4"F"I"$4CD7L56T"$CUDD="$85QQ"
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a5,$! @+($.! ]'('.!W`2CY]Y! 3++99$$F$%! >%'./'*5!21@3`! Y),'..'+*.!X--'&$%! @+M5*5!2Yab`! 2$&+*)5%J!2&#++(!2$&%$/5%J! X('D'5*5!C`=`1!! 4%',5%J!2&#++(!2$&%$/5%J! Y*E$(5!2>X@>1Y! @$.+?%&$.!W5*5E$%! W'#5$(5!@[7Y3! Y..'./5*/!>5,F?.!W5*5E$%! =$+%E$!4X4[2>`! 7$5(/#!f!25-$/J!X--'&$%! >5%,$*!3@YC>Xh1>1! 2&#++(!a?%.$! 1+*?/!b@Y=Y2Ya`! 1C!C$&#*'&'5*! +5H=4"G"I"'L><7<98658<D7"57L"$VPPD68"$85QQ"
  13. 13. #$%"&'()*+$,"-'*.%//0"!121" 2 3! ! C/$*9%/''0*K$,#* A%,B$:"%*F,0$8B,#*PQRQOPQRR* !"#"$%&'()$&*+,+& 2&#++(!3$E'*.! ! "$)*$.)5J!<./!2$F/$,8$%! 75(-!C$%,! ! W+*)5J!:T/#!/+!]%')5J!:B/#!X&/+8$%! @$('E'+?.!7+(')5J.! C?$.)5J!<S/#!a+D$,8$%! 4?8('&!7+(')5J! ! "$)*$.)5J!<./!b$&$,8$%!c@+,5*'5*!a5/'+*5(!b5Jd! [*)!+-!/$%,! ! ]%')5J!<l/#!b$&$,8$%! -.)/%0&'()$&*+,,& C$%,!3$E'*.! ! C?$.)5J!R/#!i5*?5%J! 75(-!C$%,!! ! W+*)5J!:<./!/+!]%')5J!:T/#!]$8%?5%J! [*)!+-!C$%,! ! ]%')5J!<T/#!YF%'(! -"$$()&'()$&*+,,& C$%,!3$E'*.! ! C?$.)5J!:S/#!YF%'(! [*)!+-!C$%,!! ! ]%')5J!<l/#!i?*$!
  14. 14. 2 #$%"&'()*+$,"-'*.%//0"!121! E" ! C/$*9%/''0*!,2* !,"02*9%/$B?0$* +5H=4"N"I"*V6946T".5<=T"$CU4LV=4" ;mPA;!^!;BP;;! Y%%'D5(!U2/%?&/?%$)!4(5J! ;BP;;!^!;BPA;! 2*5&9!5*)!C+'($/! ;BPA;!^!;BPT;! >'%&($!C',$U4[UW?.'&Ub5*&$! ;BPT;!^!<;P<;! >'%&($!C',$U4[UW?.'&Ub5*&$! <;P<;!^!<<P<;! 2/%?&/?%$)!4(5J! <<P<;!^!<<PT;! X?/.')$!4(5J! <<PT;!^!<:P:;! e?*&#!5*)!C+'($/! <:P:;!^!<APT;! 2/%?&/?%$)!4(5J!Un?'$/!C',$! <APT;!^!<RP<;! 2/+%J!C',$! <RP<;!^!<RP:T! 2*5&9!5*)!C+'($/! <RP:T!^!<TP;;! X?/.')$!4(5J! " +5H=4"R"I"(4C4P8<D7".5<=T"$CU4LV=4" ;mPA;!^!;BPA;! >+,,?*'&5/'+*H!e5*E?5E$!5*)!e'/$%5&J! ;BPA;!^!;BPT;! 2*5&9!5*)!C+'($/! ;BPT;!^!<;PT;! g`"U>%$5/'D$!b$D$(+F,$*/! <;PT;!^!<<PT;! 4[UW?.'&U1>C! <<PT;!^!<:P<;! 2/+%J!C',$! <:P<;!^!<AP;;! e?*&#/',$UX?/.')$!4(5J! <AP;;!^!<RP;;! 4%+8($,!2+(D'*EH!@$5.+*'*E!5*)!a?,$%5&J! <RP;;!^!<RPA;! 2/%?&/?%$)!4(5JU42[Ub5*&$UY..$,8(J! <RPA;!^!<TP;;! 2*5&9H!C+'($/!5*)!=$/!@$5)J!/+!=+!7+,$! " +5H=4"S"I"0$2"57L"0$!".5<=T"$CU4LV=4" ;mPA;!^!;mPR;! @$E'./%5/'+*! ;mPR;!^!;BPR;! e$..+*!<! ;BPR;!^!;BPTT! =?')$)!@$5)'*E!cg2<!>%$5/'D$!G%'/'*E!75*)G%'/'*Ed! ;BPTT!^!<;PTT! e$..+*!:! <;PTT!^!<<P<T! 3%$59! <<P<T!^!<:P<T! e$..+*!A! <:P<T!^!<AP;;! e?*&#!3%$59! <AP;;!^!<APRT! e$..+*!R! <APRT!^!<RPA;! e$..+*!T! <RPA;!^!<TP;;! e$..+*!S!
  15. 15. #$%"&'()*+$,"-'*.%//0"!121" 2 F! ! ! +5H=4"21"W"0$3:"0$E"57L"0$F".5<=T"$CU4LV=4" ;mPA;!^!;mPR;! @$E'./%5/'+*! ;mPR;!^!;BP:T! e$..+*!<! ;BP:T!^!;BPA;! 3%$59! ;BPA;!^!<;P<T! e$..+*!:! <;P<T!^!<;PA;! 3%$59! <;PA;!^!<<P<T! e$..+*!A! <<P<T!^!<<P:;! 3%$59! <<P:;!^!<:P;T! e$..+*!R! <:P;T!^!<:P<;! 3%$59! <:P<;!^!<:PTT! e$..+*!T! <:PTT!^!<AP:T! e?*&#!3%$59! <AP:T!^!<RP<;! e$..+*!S! <RP<;!^!<RP<T! 3%$59! <RP<T!^!<TP;;! e$..+*!l! ! I:$#-$8%2*F0')"8-* 1*!/#$!$D$*/!+-!$,$%E$*&J!+%!5)D$%.$!G$5/#$%!&+*)'/'+*.!/#$!b'%$&/+%!'.!$,F+G$%$)!/+!&(+.$!/#$!.&#++(!'-!/#$J! 8$('$D$!/#5/!/#$!.5-$/J!+%!G$((!8$'*E!+-!/#$!./?)$*/.!5*)!./5--!'.!5/!%'.9I! A=&$#*9%/''0*>'?#)* C#$!.&#++(!)+$.!*+/!5&&$F/!%$.F+*.'8'('/J!-+%!./?)$*/.!G#+!5%$!'*!/#$!&5%$!+-!/#$'%!F5%$*/.!5/!/#$!./5%/!5*)! -'*'.#!+-!/#$!.&#++(!)5JI!45%$*/.!5%$!5.9$)!/+!.?F$%D'.$!/#$'%!&#'()%$*!5/!5((!/',$.!G#$*!D'.'/'*E!/#$!.&#++(I!
  16. 16. 2 #$%"&'()*+$,"-'*.%//0"!121! G" ! 9$#7"%$)* C#,8)1'#&,&"'8* Y!8?.!.$%D'&$!'.!5D5'(58($!5*)!&+D$%.!/#$!G#+($!+-!3?&#5%$./I!C#$!.$%D'&$!'.!%?*!8J!C#$+!C%5*.!a$/G+%9!^!CCa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b$F5%/,$*/!+*!;:<!A;S!BTRm!U!W+8'($!;lmm!llm!ARBI!X%!$,5'(!/+! /%5*.o/VJ,5'(I&+,!! c2$$!"$8.'/$!GGGI'.8I%+!-+%!7+,$!2&#++(!25-$/J!4+('&Jd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
  17. 17. #$%"&'()*+$,"-'*.%//0"!121" 2 N! ! 9&?B$8&*A&&$8B,8%$*A8B*@$)1'8)"5"0"&"$)* ;8"='#:*,8B*!#$))*F'B$* C#$!.&#++(!#5.!5!.&#++(!?*'-+%,H!G#'&#!/#$!&#'()%$*!5%$!$MF$&/$)!/+!G$5%!5/!5((!/',$.!?*($..!*+/'-'$)!/+!/#$! &+*/%5%JI! C#$!?*'-+%,!'.!5.!-+((+G.I! +5H=4"22"I"A7<QD6>9" %DT9" @<6=9" X<7846" a5DJ!8(?$!/%+?.$%.! a5DJ!8(?$!/%+?.$%.!c+%!5!.9'%/!'*!F%',5%Jd! "#'/$!(+*E!.($$D$)!.&#++(!.#'%/! "#'/$!(+*E!.($$D$)!.&#++(!.#'%/! a5DJ!8(?$!.&#++(!Z?,F$%! a5DJ!8(?$!.&#++(!Z?,F$%! $V>>46" a5DJ!8(?$!/%+?.$%.! a5DJ!8(?$!/%+?.$%.!c+%!5!.9'%/!'*!F%',5%Jd! "#'/$!.#+%/!.($$D$)!.&#++(!.#'%/! "#'/$!.#+%/!.($$D$)!.&#++(!.#'%/! a5DJ!8(?$!.&#++(!Z?,F$%! a5DJ!8(?$!.&#++(!Z?,F$%! &Y)"0<8" 3(?$!Z+EE'*E!.?'/! 3(?$!Z+EE'*E!.?'/! "#'/$!C!.#'%/!G'/#!.&#++(!(+E+! "#'/$!C!.#'%/!G'/#!.&#++(!(+E+! ! ;8"='#:*,8B*!#$))*F'B$*T?"B,8%$*=?#&/$#*-?"B,8%$*U*.#":,#2* 1*!5))'/'+*!/+!/#$!58+D$!?*'-+%,!&#'()%$*!.#+?()!G$5%!-+%,5(!8(5&9!&(+.$)!.#+$.!/+!.&#++(I!C%5'*'*E!.#+$.!+%! .F+%/!.#+$.!.#+?()!8$!G+%*!-+%!4[!($..+*.!+*(JI! 1*!#+/!G$5/#$%!J+?%!&#'()!,?./!8%'*E!5!.?*#5/!/+!.&#++(I!1*!&+()!G$5/#$%H!/#$J!G'((!*$$)!5!G5%,!&+5/H!#5/!5*)! E(+D$.I!"$!('9$!/+!E+!+?/.')$!/+!F(5J!$D$%J!)5J!.+!F($5.$!,59$!.?%$!J+?%!&#'()!'.!5FF%+F%'5/$(J!)%$..$)I! i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h$(&%+!5.!/#$.$!5%$! ,?&#!$5.'$%!-+%!J+?%!&#'()!/+!&#5*E$!'*)$F$*)$*/(JI!i$G$(($%J!.#+?()!*+/!8$!G+%*!/+!.&#++(H!G'/#!/#$! $M&$F/'+*!+-!.,5((!./?)!$5%%'*E.I!
  18. 18. 2 #$%"&'()*+$,"-'*.%//0"!121! R" ! +?*E!&#'()%$*!+-/$*!#5D$!.F'((.!5*)!5&&')$*/.!.+!F($5.$!,59$!.?%$!/#$.$!$D$*/.!5%$!./%$..!-%$$!-+%!J+?%!&#'()! 8J!$*.?%'*E!/#$J!#5D$!5!-?((!&#5*E$!+-!&(+/#'*E!c?*)$%G$5%H!.+&9.H!Z?,F$%H!/L.#'%/!5*)!/%+?.$%.d!5/!.&#++(!$D$%J! )5JI!Y!&#'()6.!&#5*E$!+-!&(+/#$.!)+$.!*+/!#5D$!/+!8$!.&#++(!?*'-+%,I!
  19. 19. #$%"&'()*+$,"-'*.%//0"!121" 2 S! ! D8&$#8,0*.'0"%"$)* A5)$8%$)* C+!E'D$!J+?%!&#'()!/#$!8$./!F+..'8($!$)?&5/'+*!5*)!/+!$*.?%$!E++)!5&5)$,'&!F%+E%$..!/#$J!*$$)!/+!8$!'*! .&#++(I!C#$%$-+%$H!./?)$*/.!.#+?()!8$!58.$*/!+*(J!-+%!D$%J!',F+%/5*/!%$5.+*.!.?&#!5.!F$%.+*5(!'((*$..!+%!-5,'(J! $,$%E$*&'$.I!C#$!.&#++(!&+*.')$%.!?*5&&$F/58($!-+%!&#'()%$*!/+!8$!+-!.&#++(!-+%!-5,'(J!#+(')5J.H!+?/'*E.!+%! F5%/'$.I! 1-!J+?%!&#'()!'.!E+'*E!/+!8$!+--!.&#++(!F($5.$!F#+*$!/#$!+--'&$!8$-+%$!mIA;5,I!Y((!58.$*&$.!,?./!8$!$MF(5'*$)!'*! G%'/'*E!+*!/#$!)5J!J+?%!&#'()!%$/?%*.!/+!.&#++(H!$D$*!G#$*!5!F#+*$!&5((!#5.!8$$*!,5)$!+%!5*!$,5'(!.$*/I! cY8.$*&$.!5%$!%$&+%)$)!+*!%$F+%/!&5%).d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ce5/$*$..!'.!%$&+%)$)!+*!%$F+%/!&5%).dI! +'5"0$*C$0$1/'8$)* >#'()%$*!5%$!*+/!F$%,'//$)!/+!8%'*E!,+8'($!/$($F#+*$.!/+!.&#++(I!Y!&#'()!-+?*)!'*!F+..$..'+*!+%!'*!?.$!+-!5! F#+*$!G'((!#5D$!'/!&+*-'.&5/$)I! F/$V"8-*T?:* >#$G'*E!E?,!'.!*+/!F$%,'//$)!+*!/#$!.&#++(!F%$,'.$.!+%!)?%'*E!5*J!.F+%/.!5&/'D'/'$.!+%!/%'F.!5G5J!-%+,!/#$! .&#++(I! C'2)*I0$%&#'8"%*IW?"1:$8&*U*.#":,#2*3*9$%'8B,#2* `*($..!5.9$)!/+!)+!.+!8J!/#$'%!/$5&#$%H!&#'()%$*!.#+?()!*+/!8%'*E!/+J.!+%!+/#$%!pF%$&'+?.6!'/$,.!/+!.&#++(!5.! /#$J!&5*!$5.'(J!8$!(+./!+%!)5,5E$)I!1*!&5.$!+-!?.$!1!F+)!+%!5*J!+/#$%!,FA!F(5J$%H!/#$!'/$,!G'((!8$!&+*-'.&5/$)I!
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b$F?/J!4%'*&'F5(!#5.!/#$!-'*5(!5FF%+D5(!+%!)'.5FF%+D5(!-+%!)'.,'..5(I!! 4%',5%J!./?)$*/.!&5*!($5D$!+*(J!5-/$%!/#$!F5%$*/U=?5%)'5*!#5.!D'.'/$)!/#$!.&#++(!+--'&$!5*)!.'E*$)!/#$!$5%(J! )'.,'..5(!8++9I! !#'11"8-*4==*,8B*F'00$%&"8-*K'?#*F/"0B*M*.#":,#2* 4($5.$!,59$!.?%$!J+?%!&#'()!'.!'*!/#$'%!&(5..%++,!8J!mPA;!$D$%J!,+%*'*EI!"$!9*+G!/#5/!3?&#5%$./!&5*!#5D$! #$5DJ!/%5--'&I!C#$%$-+%$!'/!'.!J+?%!%$.F+*.'8'('/J!/+!($5D$!$5%(J!$*+?E#!/+!E$/!/+!.&#++(!'*!F($*/J!+-!/',$I!! 2/5--!5%$!5D5'(58($!'*!/#$!F(5JE%+?*)!/+!G$(&+,$!&#'()%$*!-%+,!mP<;I! 7+,$!/',$!'.!5/!AP;;I!4($5.$!8$!F%+,F/!5.!'/!&5*!8$!)'./%$..'*E!-+%!5!&#'()!/+!8$!F'&9$)!?F!(5/$I!! "$!5.9!/#5/!J+?!&+*/5&/!CCa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c5!&+FJ!+-!G'/#)%5G5(! -%+,!&5*!8$!+8/5'*$)!-%+,!/#$!.&#++(!+--'&$d!E'D'*E!5.!,?&#!5)D5*&$!*+/'&$!5.!F+..'8($!cR!G$$9.!,'*',?,dI! `F+*!%$K?$./H!5!&+FJ!+-!/#$!./?)$*/6.!%$&+%).!G'((!8$!F%+D')$)!/+!/#$!F5%$*/!+*!/#$!./?)$*/6.!(5./!)5J!+-! 5//$*)5*&$I!
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  24. 24. ! #$%"&'()*+$,"-'*.%//0"!121! E" ! IB?%,&"'8,0*.#'-#,::$*A8B*4#-,8"),&"'8* F0,))*.0,%$:$8&*,8B*9"Y$*M*.#":,#2* C#$!.&#++(!)+$.!'/.!?/,+./!/+!,5'*/5'*!5!E++)!85(5*&$!+-!./?)$*/.!G'/#'*!)'--$%$*/!J$5%!E%+?F!&(5..$.I! >+*.')$%5/'+*.!'*&(?)$q!&#'()6.!F$%.+*5('/J!5*)!($5%*'*E!./J($q!-%'$*).#'F!F5//$%*.q!($5%*'*E!.?FF+%/!*$$).H! E$*)$%H!(5*E?5E$!5*)!&?(/?%5(!85(5*&$I!C#$!.&#++(!5',.!/+!9$$F!$*%+(,$*/!/+!:;!&#'()%$*!'*!$5&#!&(5..!'*!g$J! 2/5E$!<!5*)!:H!5*)!<m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b$D$(+F,$*/!c42[d!! :I >+,,?*'&5/'+*H!e5*E?5E$!5*)!e'/$%5&J!c>eed!! AI 4%+8($,!2+(D'*EH!@$5.+*'*E!5*)!a?,$%5&J! RI g*+G($)E$!5*)!`*)$%./5*)'*E!+-!/#$!"+%()!cg`"d!! TI 4#J.'&5(!b$D$(+F,$*/!! SI >%$5/'D$!b$D$(+F,$*/! F?##"%?0?:*M*.#":,#2* C#$!1*/$%*5/'+*5(!2&#++(!+-!3?&#5%$./!-+((+G.!/#$!a5/'+*5(!>?%%'&?(?,!-+%![*E(5*)!5*)!"5($.I!Y.!5!.&#++(!G$! F%')$!+?%.$(D$.!+*!,59'*E!.?%$!G$!'*&+%F+%5/$!5*)!/%5'*!+?%!/$5&#$%.!'*!5((!/#$!(5/$./!$)?&5/'+*5(!'*'/'5/'D$.! &+*&$%*$)!G'/#!/#$!a5/'+*5(!>?%%'&?(?,I!"$!?.$!/#$!a$G!4%',5%J!]%5,$G+%9!-+%!8+/#!e'/$%5&J!5*)! a?,$%5&JI!C#$!&#'()%$*!5%$!5(.+!/5?E#/!($..+*.!'*!2&'$*&$H!7?,5*'/'$.!c7'./+%J!5*)!=$+E%5F#JdH!1>CH!Y%/H! b$.'E*!5*)!C$&#*+(+EJH!4#J.'&5(![)?&5/'+*H!>%$5/'D$!"%'/'*EH!=?')$)!@$5)'*EH!W?.'&H!e'8%5%J!5*)!427[I!! c2$$!+?%!G$8.'/$!GGGI'.8I%+!-+%!)$/5'(.!+-!/#$!>?%%'&?(?,d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  27. 27. #$%"&'()*+$,"-'*.%//0"!121" ! N! ! Y))'/'+*5((JH!&#'()%$*!'*!g2:!,5J!8$!5.9$)!/+!)+!'*)$F$*)$*/!%$.$5%&#!+%!&+(($&/!'*-+%,5/'+*!-+%!($..+*.!5.! F5%/!+-!5*!+*E+'*E!F%+Z$&/I!! C#$!-+((+G'*E!'.!5!E?')$!/+!/#$!/',$!/#5/!F?F'(.!.#+?()!.F$*)!+*!#+,$G+%9!$5&#!*'E#/P! $5%.!<!5*)!:! ! 8$/G$$*!<TLA;!,'*?/$.! $5%.!A!5*)!R! ! 8$/G$$*!A;LRT!,'*?/$.! $5%.!T!5*)!S! ! 8$/G$$*!RTLS;!,'*?/$.! ! >#'()%$*!5%$!$MF$&/$)!/+!%$5)!-+%!5!,'*',?,!+-!<;!,'*?/$.!$5&#!*'E#/!5*)!/#'.!-+%,.!F5%/!+-!/#$!5((+//$)! #+,$G+%9!/',$I! 1-!5!F5%$*/!-$$(.!/#5/!F5%/'&?(5%!&'%&?,./5*&$.!c$IEI!F%+(+*E$)!58.$*&$!-%+,!.&#++(d!G5%%5*/!5))'/'+*5(! #+,$G+%9!/#'.!.#+?()!8$!)'.&?..$)!G'/#!/#$!&(5..!/$5&#$%I!Y))'/'+*5(!#+,$G+%9!G'((!*+/!*+%,5((J!8$!.$/! .',F(J!8$&5?.$!5!&#'()!'.!8$'*E!/59$*!+?/!+-!.&#++(!-+%!5!-5,'(J!#+(')5JI! 7+,$G+%9!G'((!8$!-+((+G$)!?F!'*!&(5..!G'/#!/#$!&($5%!$MF$&/5/'+*!/#5/!5((!#+,$G+%9!/5.9.!.#+?()!8$! &+,F($/$)I!C$5&#$%.!G'((!%$&+%)!/#$!#+,$G+%9!5*)!/#$!+?/&+,$!5&#'$D$)I! c2$$!G$8.'/$!GGGI'.8I%+!-+%!7+,$G+%9!4+('&Jd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b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l!5*)!m! ! B;!,'*?/$.!F$%!)5Js! $5%.!B!5*)!<;! ! <:;!,'*?/$.!F$%!)5Js! $5%!<<!! ! <A;!,'*?/$.!F$%!)5Js! $5%.!<:!5*)!<A!! <R;!,'*?/$.!F$%!)5Js! sC+/5(!5&%+..!5((!.?8Z$&/.!
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e+E!F%+&$..$.!c%$-$%!/+! 3$#5D'+?%!4+('&Jd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• "$!5%$!F%+?)!+-!+?%!.&#++(!5*)!.#+G!'/I! • "$!5(G5J.!G+%9!#5%)!5*)!)+!+?%!8$./I! • "$!('./$*!&5%$-?((J!/+!$5&#!+/#$%I! • "$!/59$!%$.F+*.'8'('/J!-+%!+?%!5&/'+*.I! • "$!%$.F$&/!/#$!F$+F($!G#+!.#5%$!+?%!('D$.I! C#$!=+()$*!@?($.!5%$!)$.'E*$)!/+!8$!5.!,$5*'*E-?(!5*)!&#'()!-%'$*)(J!5.!F+..'8($I!C#$J!5((+G!-+%!5!G')$!D5%'$/J! +-!F+.'/'D$!5&/'+*.!/#5/!/#$!&#'()%$*!.#+?()!./%'D$!/+G5%).I!!2F$&'-'&!5&/'+*.!/#5/!.#+?()!8$!)'.&?..$)!5*)! %$'*-+%&$)!G'/#!&#'()%$*!/#%+?E#!/#$!J$5%!5*)!5.!5FF%+F%'5/$!5%$q! • 4+('/$!8$#5D'+?%!'.!$MF$&/$)!-%+,!5((!,$,8$%.!+-!/#$!.&#++(I! • >#'()%$*!.#+?()!,+D$!5%+?*)!/#$!.&#++(!'*!5*!+%)$%(J!,5**$%!9$$F'*E!*+'.$!($D$(.!/+!5!,'*',?,I! • C#$!/#%+G'*E!+-!+8Z$&/.!+/#$%!/#5*!85((.!'.!F%+#'8'/$)I! • C#$!(58+%5/+%'$.!5*)!&+,F?/$%!%++,.!.#+?()!*+/!8$!?.$)!G'/#+?/!/#$!F$%,'..'+*!+-!/#$!/$5&#$%!5*)! ?*)$%!.?F$%D'.'+*I! • ]++)!5*)!)%'*9!.#+?()!*$D$%!8$!/59$*!'*/+!/#$!e'8%5%JH!(58+%5/+%'$.!5*)!&+,F?/$%!%++,I! • Y((!/$&#*'&5(!5%$5.!G'/#'*!/#$!.&#++(!5%$!+--!(','/.!/+!&#'()%$*I! E$/,7"'?#*IJ1$%&,&"'8)*U*9$%'8B,#2* Y((!./?)$*/.!G'((!)+!/#$'%!8$./!/+!8$!5((!+-!/#$!-+((+G'*EP!! K56<7^"" • 2/?)$*/.!G'((!?.$!9'*)!G+%).I!! • 2/?)$*/.!G'((!8$!&+?%/$+?.!5*)!&+*.')$%5/$!+-!+/#$%.!5/!5((!/',$.I!! • 2/?)$*/.!G'((!8$!&+,F5..'+*5/$!/+G5%).!+/#$%.I!! • 2/?)$*/.!G'((!)+!E++)!)$$).!G'/#+?/!$MF$&/'*E!5!%$G5%)I!!
  32. 32. 3 #$%"&'()*+$,"-'*.%//0"!121! !" ! " (49PD79<H=4"" • 2/?)$*/.!G'((!)+!G#5/!'.!$MF$&/$)!+-!/#$,!8J!/$5&#$%.I!! • 2/?)$*/.!G'((!./%'D$!/+!)+!/#$'%!8$./!'*!G#5/$D$%!/#$J!)+I!! • 2/?)$*/.!G'((!#5D$!E++)!&(5..%++,!8$#5D'+?%!5*)!-+((+G!/#$!%?($.!+-!/#$!.&#++(!5*)!/#$!&(5..%++,I!! • 2/?)$*/.!G'((!8$!%$.F+*.'8($!-+%!/#$'%!5&/'+*.!5*)!/#$,.$(D$.I!! (49P4C8QV="" • 2/?)$*/.!G'((!%$.F$&/!/#$,.$(D$.!5*)!8$!F%+?)!+-!/#$'%!5&&+,F('.#,$*/.I!! • 2/?)$*/.!G'((!8$!%$.F$&/-?(!+-!$D$%J+*$!5/!123!5*)!+-!/#$'%!F%+F$%/JI!! • 2/?)$*/.!G'((!8$!F%+?)!+-!/#$'%!.&#++(!5*)!/59$!&5%$!+-!.&#++(!F%+F$%/JI!! O5<6"" • 2/?)$*/.!G'((!/%$5/!+/#$%.!/#$!G5J!/#$J!G5*/!/+!8$!/%$5/$)I!! • 2/?)$*/.!G'((!('./$*!/+!+/#$%.6!F+'*/.!+-!D'$GI!! • 2/?)$*/.!G'((!F(5J!8J!/#$!%?($.!G#'($!+*!/#$!F(5JE%+?*)I!!! • 2/?)$*/.!G'((!.F$59!?F!+%!G+%9!/+!&#5*E$!/#'*E.!/#5/!5%$!?*-5'%I!! +6V98ZD68UT"" • 2/?)$*/.!G'((!8$!#+*$./H!/%?/#-?(!5*)!.'*&$%$I!! • 2/?)$*/.!G'((!8$!%$('58($H!.+!+/#$%.!&5*!&+?*/!+*!/#$,I!! • 2/?)$*/.!G'((!)+!/#$!%'E#/!/#'*EI!! N'%S$#)*M*9$%'8B,#2* [5&#!./?)$*/!'.!5..'E*$)!5!(+&9$%I!!2/?)$*/.!WY!aXC!.#5%$!(+&9$%.!5*)!.#+?()!*$D$%!.#5%$!/#$'%!&+,8'*5/'+*I!! 2/?)$*/.!.#+?()!?.$!/#$'%!(+&9$%!/+!./+%$!8++9.H!.&#++(!,5/$%'5(.H!&+5/.H!F?%.$.!5*)!8++9!85E.!+*(JI! E?)*%'8B?%&* @')'*E!5!.&#++(!8?.!'.!5!F%'D'($E$!-+%!123!./?)$*/.I!!Y((!F?F'(.!8$'*E!/%5*.F+%/$)!5%$!?*)$%!/#$!5?/#+%'/J!+-!/#$! 8?.!)%'D$%!5*)!,?./!+8$J!#'.U#$%!%$K?$./.I!!! 2/?)$*/.!5%$!$MF$&/$)!/+!)+!/#$!-+((+G'*EP! • 75D$!G%'//$*!F$%,'..'+*!-%+,!/#$!F%'*&'F5(t.!+--'&$!/+!%')$!5!8?.!+/#$%!/#5*!/#$'%!+G*!+%!/+!($5D$!/#$! 8?.!'*!.+,$!F(5&$!+/#$%!/#5*!#+,$!+%!.&#++(I!!1-!5!./?)$*/!'.!/+!%')$!/#$!8?.!#+,$!G'/#!5*+/#$%! ./?)$*/H!3XC7!./?)$*/.!,?./!8%'*E!5!*+/$!-%+,!/#$'%!F5%$*/UE?5%)'5*!5*)!F%$.$*/!'/!/+!/#$!+--'&$!/#5/! ,+%*'*EI!! • 3$!+*!/',$H!G5'/!F5/'$*/(J!-+%!/#$!8?.H!5*)!./5*)!5!.5-$!)'./5*&$!-%+,!/#$!&?%8!+%!#'E#G5JI!!! • `.$!./$F.!5*)!#5*)%5'(.!G#$*!$*/$%'*E!+%!$M'/'*E!/#$!8?.I!! • 2'/!'*!.$5/.!5..'E*$)!8J!/#$!)%'D$%H!G'/#+?/!&%+G)'*E!+%!F?.#'*EI!! • @$,5'*!.$5/$)!?*/'(!/#$J!#5D$!%$5&#$)!/#$'%!)$./'*5/'+*I!!
  33. 33. #$%"&'()*+$,"-'*.%//0"!121" 3 3! ! E?002"8-* !$="8"&"'8** 3?((J'*E!'.!5*/'L.+&'5(!8$#5D'+?%!5*)!5--$&/.!$D$%J+*$q!'/!'.!?*5&&$F/58($!5*)!G'((!*+/!8$!/+($%5/$)I!3?((J'*E!'.! )$-'*$)!5.!)$('8$%5/$(J!#?%/-?(!8$#5D'+?%H!%$F$5/$)!+D$%!5!F$%'+)!+-!/',$H!G#$%$!'/!'.!)'--'&?(/!-+%!/#+.$!8$'*E! 8?(('$)!/+!)$-$*)!/#$,.$(D$.I!!!! C#$!/#%$$!,5'*!/JF$.!+-!8?((J'*E!5%$P!!! • 4#J.'&5(!c#'//'*EH!9'&9'*EH!/#$-/d!! • h$%85(!c*5,$!&5(('*EH!%5&'./!%$,5%9.d!! • 1*)'%$&/!c.F%$5)'*E!%?,+?%.H!$M&(?)'*E!.+,$+*$!-%+,!.+&'5(!E%+?F.dI!!!! C#$!1*/$%*5/'+*5(!2&#++(!+-!3?&#5%$./!'.!&+,,'//$)!/+!F%+D')'*E!5!G5%,H!&5%'*E!5*)!.5-$!$*D'%+*,$*/!-+%!5((! +?%!&#'()%$*!.+!/#5/!/#$J!&5*!($5%*!5*)!F(5J!'*!5!%$(5M$)!5*)!.$&?%$!$*D'%+*,$*/I!3?((J'*E!+-!5*J!9'*)!'.! ?*5&&$F/58($!5*)!G'((!*+/!8$!/+($%5/$)!'*!+?%!.&#++(I!"$!/59$!5((!'*&')$*/.!+-!8?((J'*E!.$%'+?.(JI!3?((J'*E!#?%/.I! a+L+*$!)$.$%D$.!/+!8$!5!D'&/',!+-!8?((J'*EI![D$%J8+)J!#5.!/#$!%'E#/!/+!8$!/%$5/$)!G'/#!%$.F$&/H!G#'(./!F?F'(.! G#+!5%$!8?((J'*E!+/#$%.!*$$)!/+!($5%*!)'--$%$*/!G5J.!+-!8$#5D'*EI!C#$!1*/$%*5/'+*5(!2&#++(!+-!3?&#5%$./! 5&9*+G($)E$.!/#5/!8?((J'*E!)+$.!#5FF$*!-%+,!/',$!/+!/',$I!"#$*!8?((J'*E!)+$.!+&&?%H!$D$%J+*$!,?./! ?*)$%./5*)!/#5/!5*J!'*&')$*/!G'((!8$!)$5(/!G'/#!F%+,F/(J!5*)!$--$&/'D$(J!'*!5&&+%)5*&$!G'/#!+?%!5*/'L8?((J'*E! F+('&JI!c2$$!"$8.'/$!GGGI'.8I%+!-+%!Y*/'L3?((J'*E!4+('&JdI! !")%"10"8$*F'B$*M*.#":,#2* 123!8$('$D$.!/#5/!/#$!&+,F+*$*/.!+-!F+.'/'D$!)'.&'F('*$!5%$!G$((!.?FF+%/$)!8J!/#$!=+()$*!@?($.!5*)!/#$! 5G5%)'*E!+-!=+()$*!C',$H!5*)!/#$!7+?.$.!5*)!7+?.$!4+'*/!2J./$,I!7+G$D$%H!/#$%$!,5J!8$!/',$.!G#$%$! .?FF+%/!'.!*$$)$)!-%+,!/#$!2$*'+%!W5*5E$,$*/!C$5,!c2WCd!G#$*!)$5('*E!G'/#!)'.%?F/'D$H!5EE%$..'D$!+%!+/#$%! '*5FF%+F%'5/$!8$#5D'+?%I!2?FF+%/!G'((!8$!F%+D')$)!5-/$%!/#$!/$5&#$%!#5.!F?%.?$)!5((!%$5.+*58($!$--+%/.!+-! F+.'/'D$!)'.&'F('*$!G'/#'*!/#$!&(5..%++,I!! 2?FF+%/!G'((!8$!F%+D')$)!8J!/#$!2WC!-+((+G'*E!/#$!.$/!+?/!F%+&$)?%$I! • $84P"2P!2$$9!5)D'&$!-%+,!/#$![]Ug2!>++%)'*5/+%! • $84P"!P!@$-$%!/#$!&#'()!/+!/#$![]Ug2!>++%)'*5/+%I!Y/!/#'.!./5E$!/#$!!!&#'()!G'((!8$!F(5&$)!+*!5! 8$#5D'+?%5(!)'5%JI!45%$*/.!G'((!8$!'*-+%,$)!8J!/#$!!5FF%+F%'5/$!>++%)'*5/+%I! • $84P"3P!C#$!&#'()!.#+?()!8$!%$-$%$)!/+!/#$!b$F?/J!4%'*&'F5(! • $84P"EP!b$/$*/'+*!c$5%!T!5*)!SId! • $84P"FP!45%$*/!,$$/'*E!G'/#!/#$!b$F?/J!4%'*&'F5(! • $84P"GP!45%$*/!,$$/'*E!G'/#!/#$!4%'*&'F5(! • $84P"NP!2?.F$*.'+*! •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
  34. 34. 3 #$%"&'()*+$,"-'*.%//0"!121! E" ! '?(&@)6"%:&4"A(2& • 2/?)$*/.!,?./!G$5%!F%+F$%!?*'-+%,!-+%!&(5..!5*)!4I[I!($..+*.I!! • >$((!F#+*$.H!W4A.!5%$!*+/!5((+G$)!+*!&5,F?.!5*)!G'((!8$!&+*-'.&5/$)!',,$)'5/$(JI!2/?)$*/.!G'((!8$! 58($!/+!&+(($&/!/#$,!5/!/#$!$*)!+-!.&#++(!)5JI! • a+!-'__J!)%'*9.!5%$!5((+G$)!5*JG#$%$!'*!/#$!.&#++(I!=?,!'.!5(.+!-+%8'))$*I! • ]++)!5*)!)%'*9.!&5*!+*(J!8$!&+*.?,$)!)?%'*E!,+%*'*E!8%$59!c<;P<T!^!<;IA;d!5*)!(?*&#/',$I!!2/?)$*/.! 5%$!5((+G$)!/+!$5/!+?/.')$!+%!'*!/#$!(?*&#!%++,I! • C#$%$!5%$!:!8%$59.!)?%'*E!/#$!.&#++(!)5JH!,+%*'*E!c<;P<T!^!<;PA;d!5*)!(?*&#!c<:PTT!L<AP:TdI!X*(J!/#$*! &5*!./?)$*/.!E+!/+!/#$!/+'($/.!+%!#5D$!/#$'%!.*5&9.I! • 2/?)$*/.!5%$!*+/!5((+G$)!/+!G5*)$%!5%+?*)!&+%%')+%.!5/!5*J!/',$I!75((!F5..$.!G'((!8$!E'D$*!8J!/$5&#$%.! '-!5*)!G#$*!*$&$..5%JI! • Y-/$%!.&#++(H!./?)$*/.!.#+?()!F%+&$$)!/+!/#$'%!.&#++(!8?.!G'/#+?/!)$(5JI! • Y!&%$)'/U)$8'/!.J./$,!'.!$./58('.#$)!/+!%$G5%)!E++)!8$#5D'+?%!5*)!.5*&/'+*!F++%!)'.&'F('*$I!! • Y!&+*/%5&/!+-!5E%$$,$*/!G'((!8$!.'E*$)!8J!./?)$*/.H!F5%$*/.!+%!E?5%)'5*.!5*)!8J!-+%,!/?/+%.!5/!/#$! 8$E'**'*E!+-!/#$!.&#++(!J$5%I!C#$!)'.&'F('*$!&+,,'//$$!G'((!)$5(!G'/#!./?)$*/.!G'/#!.F$&'-'&!)'.&'F('*$! F%+8($,.I! • C#$!./5*)5%).!5FF(J!/+!8$#5D'+?%!'*!.&#++(!)?%'*E!.&#++(!#+?%.H!G#'($!+*!.&#++(!F%+F$%/JH!G#'($! /%5D$(('*E!+*!.&#++(!D$#'&($.H!5/!5((!.F+*.+%$)!.&#++(!$D$*/.!5*)!%$.')$*/!/%'F.I!! [M$,F(5%J!8$#5D'+?%!'.!/+!8$!%$G5%)$)!5*)!$*&+?%5E$)I!Y!.F$&'5(!5G5%)!G'((!8$!#5*)$)!+?/!5/!/#$!$*)!+-!$5&#! /$%,!/+!/#$!8$./L8$#5D$)!./?)$*/.!'*!$5&#!]+%,!E%+?FI!Y!N$8VL478"DQ"8U4";456O!G'((!8$!&#+.$*!5/!/#$!$*)!+-! /#$!5&5)$,'&!J$5%I!C#$.$!5G5%).!G'((!E'D$!5*!5)D5*/5E$!/+!./?)$*/.!.$$9'*E!/+!5//$*)!?*'D$%.'/'$.!58%+5)I!C+! )$/$%,'*$!G#+!%$&$'D$.!/#$.$!5G5%).H!]+%,!/$5&#$%.!G'((!&+(($&/!F+.'/'D$!&+,,$*/.!+*!3$#5D'+?%!2('F.I! "#$*$D$%!F+..'8($H!./?)$*/.!G'((!8$!E'D$*!$D$%J!+FF+%/?*'/J!/+!,59$!?F!-+%!/#$'%!,'.&+*)?&/I!7+G$D$%H! .#+?()!/#$J!-5'(!/+!',F%+D$!/#$'%!8$#5D'+?%!5/!.&#++(H!/#$!4%'*&'F5(!5*)!b'.&'F('*5%J!>+,,'//$$!,5J!%$.+%/!/+! /#$!-+((+G'*E!,$5.?%$.I! #*O('K+#/*$"KB'$$"'" K/*$)_A)*K)$"" ]5'(?%$!/+!&+,F($/$!5..'E*,$*/.! b'.%?F/'D$!8$#5D'+?%! h$%85(!%$F%',5*)! ]5'(?%$!/+!-+((+G!'*./%?&/'+*.! b$/$*/'+*!.('F! e5&9!+-!F%+F$%!$K?'F,$*/! Y-/$%!.&#++(!)$/$*/'+*! >(5..%++,!/5%)'*$..! 25/?%)5J!,+%*'*E!)$/$*/'+*! ]5'(?%$!/+!G$5%!F%+F$%!?*'-+%,! 3$#5D'+?%5(!&+*/%5&/! `.$!+-!58?.'D$!(5*E?5E$! 45%$*/.6!*+/'-'&5/'+*! b'.#+*$./J!5*)!&#$5/'*E! ! `.$!+-!-+%8'))$*!'/$,.!+*!.&#++(!E%+?*).! =?,!&#$G'*E!
  35. 35. #$%"&'()*+$,"-'*.%//0"!121" 3 F! ! ! #*O('K+#/*$"KB'$$"%" K/*$)_A)*K)$"" >+*/'*?5/'+*!+-!?*,+)'-'$)!>(5..!Y!,'.&+*)?&/! 2/$5('*E! 25/?%)5J!,+%*'*E!)$/$*/'+*! 1,F%+F$%!?.$!+-!.&#++(!,5/$%'5(.Uh5*)5('.,! 45%$*/.6!*+/'-'&5/'+*! C%?5*&J! 2/?)$*/U]+%,!/$5&#$%!>+*-$%$*&$! >?//'*E!&(5..! 3$#5D'+?%5(U4%+85/'+*!&+*/%5&/! `.'*E!-+%E$)!*+/$.!+%!$M&?.$.! 4%'*&'F5(6.!.?.F$*.'+*! 2&#+(5./'&!)'.#+*$./J!5*)!F(5E'5%'.,! ! #*O('K+#/*$"KB'$$"K" K/*$)_A)*K)$"" 3?((J'*E! 45%$*/U=?5%)'5*!&+*-$%$*&$!! Y..5?(/!! b'.&'F('*5%J!#$5%'*E! XF$*!)$-'5*&$!+-!5?/#+%'/J! 3$#5D'+?%5(U4%+85/'+*!&+*/%5&/! 4+..$..'+*!+-!'(($E5(!.?8./5*&$.! 4%'*&'F5(6.!.?.F$*.'+*!! YEE%$..'D$!8$#5D'+?%! @$-$%%5(!/+!5?/#+%'/'$.! b$./%?&/'+*!+-!F%+F$%/J! ! 1*!/#$!&5.$!+-!)5*E$%+?.!+%!D'+($*/!8$#5D'+?%H!/#$!4%'*&'F5(!,5J!/59$!,+%$!.$%'+?.!5&/'+*!5*)!%$.+%/!/+! $MF?(.'+*I!!! @$B*A8B*T#$$8*F,#B*.#'%$B?#$* =%$$*!.('F.!G'((!8$!'..?$)!-+%P! • 4$%.+*5(!b$D$(+F,$*/!+-!8$#5D'+?%!c&+*.'./$*/(J!',F%+D$)d! • 4$%.+*5(!b$D$(+F,$*/!+-!G+%9!c&+*.'./$*/(J!',F%+D$)d! • >'/'_$*.#'F!c#$(F'*E!+/#$%.!G'/#+?/!8$'*E!5.9$)!U!8?'()'*E!5!.$*.$!+-!&+,,?*'/Jd! • X?/./5*)'*E!"+%9! • X/#$%!c/$5&#$%.6!)'.&%$/'+*H!)+'*E!.+,$/#'*E!?.$-?(!G'/#+?/!8$'*E!5.9$)d! Y&&+%)'*E!/+!/#$!*?,8$%!+-!E%$$*!&5%).!/#$!./?)$*/.!G'((!8$!%$G5%)$)!5/!/#$!$*)!+-!$5&#!.$,$./$%I!!
  36. 36. 3 #$%"&'()*+$,"-'*.%//0"!121! G" ! ! @$)Ub$/$*/'+*!.('F.!G'((!8$!'..?$)!-+%P! • >+*/'*?+?.(J!/5(9'*E!G#$*!/$5&#$%!'.!/5(9'*E!5*)U+%!*+/!('./$*'*E! • b'.%?F/'D$U)'.%$.F$&/-?(!8$#5D'+?%!c$IEI!&+*/'*?5((J!5%E?'*E!G'/#!/#$!/$5&#$%!^!#5D'*E!/#$!(5./!G+%)H! *+/!/5(9'*E!'*![*E('.#d! • a+!,5/$%'5(! • C5%)J!/+!&(5..! • >#$G'*E!E?,! • "$5%'*E!',F%+F$%!?*'-+%,! • W'.?.$!+-!.&#++(!,5/$%'5(! • a+!7+,$G+%9!)+*$! • `.'*E!&$((!F#+*$!)?%'*E!.&#++(!#+?%.! • X/#$%!c/$5&#$%.6!)'.&%$/'+*!/+!8$!.F$&'-'$)P!$IEI!($5D'*E!&(5..!G'/#+?/!F$%,'..'+*H!*+*!F5%/'&'F5/'+*!'*! &(5..dI! !,"02*E$/,7"'?#*@$1'#&** • ]+%!$D$%J!A!.('F.!5!./?)$*/!%$&$'D$.!#$U.#$!G'((!8$!F?/!+*!5!b5'(J!@$F+%/!5*)!5!($//$%!G'((!8$!.$*)!#+,$I!! • C#$!b5'(J!3$#5D'+?%!@$F+%/!'.!'..?$)!-+%!5!G$$9!5*)!$5&#!/$5&#$%!G'((!&+,,$*/!+*!/#$!./?)$*/6.! 8$#5D'+?%!'*!#'.U#$%!&(5..I! • C#$!b$F?/J!4%'*&'F5(!+D$%.$$'*E!)'.&'F('*$!G'((!&#$&9!/#$!%$F+%/!5/!/#$!$*)!+-!/#$!G$$9I! • 2#+?()!/#$!85)!8$#5D'+?%!&+*/'*?$H!/#$!b'.&'F('*5%J!>+,,'//$$!G'((!8$!'*-+%,$)!/+!,59$!.?EE$./'+*.I! Z,8B,0"):* 45%$*/.!+-!./?)$*/.!G#+!,5%9H!)$-5&$H!8%$59!+%!)$./%+J!.&#++(!F%+F$%/J!G'((!8$!%$.F+*.'8($!-+%!%$F(5&'*E!/#$! )5,5E$)!'/$,.I!2/?)$*/.!E?'(/J!+-!D5*)5('.,!,5J!8$!.?.F$*)$)!+%!$MF$(($)!-%+,!.&#++(I! C/$=&* 2/?)$*/.!E?'(/J!+-!/#$-/!,5J!8$!.?.F$*)$)!+%!$MF$(($)!-%+,!.&#++(I!
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