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  35. 35. @K2XÀ-X@OC@G`(Ð@MC@LSUH1:(
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  91. 91. UBSQB´²U²SUIBU²SUI­DBUSJQBUI­USJEB°F°WBS²] H`K@DJF@D/`(S@DXDY(`$K@D*XOHQUHCS@ USJMPLBHPQUS²UPZF°²USBJMPLZBQBSJWBOEJU­]]]] S@OH`SXRG`(1SDI@DAKHUUHW1M(
  92. 92. U­QBUSJUBZBTB©IBSUS²UFKPCBMBWJWBSEIJO²] H`KyX@S@Q:(S@Q@S@Q@OHSJQ@HB1S@ USJMBL¹Z­U­SB´²U­S­U­S­QBUJLBS­SDJU­]]]] `$K@D*XO@U:(OTZX@STHuC@STHumHOM(
  93. 93. USBJMPLZBQ­WB´²QV´Z­UV¹¾JE­UV¹¾JSÄQJO²] S:@#D`(S(V1L@S@H`HUÖLOC@DaU@ U®¹´­DIFUS²U²SUIBN­U­USJWJLSBNBQBEPECIBW­]]]] SO@DLX(SO@DmO@SO2S@DL KeC@
  94. 94. UBQPNBZ²UBQPSÄQ­UBQBÁTUPNBQIBMBQSBE­] `$K@D*X5X@HOM(SHÏ2SHÏJ•^_UmHO:( USBJMPLZBWZ­QJO²U®QUJTU®QUJL®UUBUUWBSÄQJ´²]]]] Page 16 of 45
  95. 95. `$K@D*XRTCQ(STX@1STX@1S(SOCeC@
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  97. 97. UFKPHBSCI­UBQBÁT­S­USJQVS­SJ°JSPH®I­] `X(2UmHO:(S-U(SOM@FIÃ(HSMTSÆ USBZ²TWBSÄQJ´²UBOW²UBQBO­µHBKBCI²UJOVU]]]] SHQ2SQH:I@HL`SHO1S@YDO4U1I@
  98. 98. UBSJTUBSB´JK­NJUSBOUBSQJU­°F¹BQÄSWBK­] STK@HUQHGS@S(pO@OS4KSM4MO@SÆ UVM­WJSBIJU­U²WSBQ­QBUÄMBUBOÄOBQ­U]]]] C@HQ›CLM(C@¯eD@HC5XLEM@
  99. 99. E­SJESZBEBNBO²EBL¹­EV¹QSFL¹­EJWZBNB´ºBO­] C(@US(¯Q@U@/X@¸@@LWTQU@HQÃSÆ E²L¹­WBU²EVS­W­QZ­ES­L¹­NBEIVSBW­SJCI®U]]]] CHY1S@MDJJ—STJ@¯u¯I1X¯NzSÆ
  100. 100. EBS°JU­OFLBLVUVL­EV¹¾BEVSKBZBEVÁLIBI®U] C$-Xz´«HQSÔ(BC@MU@HQOC@fI@ EBJOZBI®EEVSJUBHIO²DBE­OBW­SJQBE­CKBK­]]]] Page 17 of 45
  101. 101. CCY4JHUÔ(BC@HQS@Ç@$ÇRSHS
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  103. 103. EBNBHS­IZ­EFWBN­U­EFWBMPLBQSBEBS°JO²] CDUCDUHeX@CDU(HC*O@KOCC@HXM( EFWBEFWBQSJZ­EFW²EJLQ­MBQBEBE­ZJO²]]]] C(Ç@1XTJ@HQ:(C(Ç@1C@DŽ(±:UHI1S@
  104. 104. E²SHI­ZVÁL­SJ´²E²SHI­EPHHIS²EĹB´BWBSKJU­] ¯W@ATU@HG:(C@DÐ@HC5X@HC5XFHSeC@ EVHEI­NCVW­IJ´²EPIZ­EJWZ­EJWZBHBUJQSBE­]]]] TMC(C(MYQ:CDHGCDGHMU@HQ:(
  105. 105. EZVOBE²E²OB°BSB´BOEFIJEFIBOJW­SJ´²] ¸@Ç(XR(C@ÇG`(HCSO@SJRSHS ES­HI²ZBT²E­HIBIBOUS²EJUBQ­UBLBTBOUBUJÁ]]]] ±QCDY@SQBQ(¯F1L@CDUU¢Ã@
  106. 106. EÄSBEF°­OUBSBDBS²EVSHBN­EFWBWBMMBCI­] ¯U1^Ô(¯HU1F@Ð@CX@W@Q@CX@US( EVSW®UUBHIO²EVSWJH­IZ­EBZ­EI­S­EBZ­WBU²]]]] Page 18 of 45
  107. 107. ¯Q@RC@C@MY(K@¸@HU:(¸«HG:2STS@
  108. 108. EVS­TBE­E­OB°²M­ES­WJ´²ESVIJ´BTUVU­] C$3XC@MURYTHµJ`(1¯AT1HµG@HQ:( EBJUZBE­OBWBTB©°VEEIJLBSUS²EVSCVEEIJI­SJ´²]]]] C@MR@Q@CX@R@Q@ @U@Ã4HLHUF@HGM(
  109. 109. E­OBT­S­EBZ­T­S­EZ­W­CIÄNJWJH­IJO²] }u@}u Ke@HÏCD1US@UCUHCS@ E®¹¾­E®¹¾BQIBMBQS­QUJSEFWBU­W®OEBWBOEJU­]]]] C(Ç1pS@C(Ç1}HuC(1ÏS@DX@¯Q@KÃ@
  110. 110. E²SHIBWSBU­E²SHIBE®¹¾JSE²QUBUPZ­EVS­MBCI­] CEHX`(CEM(HS¯1uCEWQ@HB1S@ EB´ºBZJUS²EB´ºBO²UJSEV¹¾BEB´ºBEIBS­SDJU­]]]] ¯Q@DCQÔ(C@U@HB1¸1U´5X$JYDUHW
  111. 111. EVSPEBSBHIO²E­W­SDJSESBWBEESBWZBJLB°FWBEIJÁ] C(MRS@OYLM(C@`(CUVTU$HQ:( E²OBTBOU­QB°BNBO²E­US²EBWBUIVWBJSJ´²]]]] CQ(HUC@Q:OQ@C@S@C@SIMHeX@
  112. 112. EBS²WJE­SB´BQBS­E­OU­E­OUBKBOBQSJZ­] C@HQS@H¸SP@¯F@1¯F@1QZXeB@HQ:( E­SJU­ESJUB¾­EVSH­EVSH­SB´ZBQSBD­SJ´²]]]] Page 19 of 45
  113. 113. WL1¸U@WL1WTQ@WDMTW(1Q@WHSŠT1U@
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  115. 115. EIBSNPSNJW­IJO²EIVSZ­EI­US²EI­US²WJCIĹB´BN] WHL1:(WL1Y(K@BWH-UJ•HPJ•S@UM@ EIBSNJ´²EIBSNB°²M­DBEIBOWJL®¾JL®U­WBO­]]]] 7X@SO@OGQ@7XDX@W@UM(W4SJ+L@
  116. 116. EIZ­U®Q­QBIBS­EIZFZ­EI­WBO²EIÄUBLBMNB¹­] WL1W@Q@WL1R@Q@WMC@WMUHW1M( EIBSNBEI­S­EIBSNBT­S­EIBOBE­EIBOBWBSEIJO²]]]] WL@1WL1FT:#D`(W^4QJ—RTLHeX@
  117. 117. EIBSN­EIBSNBHV´BDDIFUS²EIBUUÄSBLVTVNBQSJZ­] WLD1Y(WL1Y@v@WMW@-XRLHµJ•SÆ EIBSNF°²EIBSNB°­TUSBK¸­EIBOBEI­OZBTBN®EEIJL®U]]]] WL1KX@WL1IK@WL1eRUWHL1:(
  118. 118. EIBSNBMBCIZ­EIBSNBKBM­EIBSNBQSBTBWBEIBSNJ´²] 7X@MF,X2UmO@BWQ:(W@SO4HIS@ EIZ­OBHBNZBTWBSÄQ­DBEIBSB´²EI­U®QÄKJU­]]]] Page 20 of 45
  119. 119. W4W41I1HPIP@R2V@W-X@W(W@1Q:@US(
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  121. 121. OJ¹JEEIBWJHIOBOJDBZ­OJK­OBOEBQSBL­°JO²] MÃ@DF:BQ(M4HSM1,X@M@Q@X:(MTS@ OBCIPµHB´BDBS²OÄUJSOBNZ­O­S­ZB´²OVU­]]]] HML1K@HML1K@.X@M@M@HYM(S@OROC@LÆ
  122. 122. OJSNBM­OJSNBM­LIZ­O­O­°JO²U­QBTBNQBE­N] HMXS@HM3XRTNC@M@M@oX1LG@HMHW OJZBU­OJUZBTVLIBE­O­O­°DBSZBNBI­OJEIJÁ]]]] MC(MCRQ@DL@S@M@HXJ@M@JC(HÇ1J@
  123. 123. OBE²OBEBTBSPN­U­O­ZJL­O­LBE²SHIJL­] Mu@DµQ:W(Q@BMCM@MCC@HXM( OB¹¾PEEIBSB´BEI²S­DBOBOEBO­OBOEBE­ZJO²]]]] HMH:1Ä@YDÃTUM@HMRF@HMkO¸U@
  124. 124. OJS´JLU­°F¹BCIVWBO­OJÁTBµH­OJSVQBESBW­] HMQ@KA@HMeOB@HM:@1HYSLG@LK@ OJS­MBNC­OJ¹QSBQB¸D­OJS´­°JUBNBI­NBM­]]]] Page 21 of 45
  125. 125. HML1K@MIMM(HMYDe@H:S@OzSÆ
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  127. 127. OJ¹¾I­WBU²OJS­UBµL­OJSMFQ­OJ°DBM­UNJL­] HMQU @HMQ(G@BM(KK@DHGSL4W1F@ OJSBWBEZ­OJS²I­DBO²MBMPIJUBNÄSEIBH­]]]] MHCÃHFF:2ST3X@M@F@MC@MF@3LI@
  128. 128. OBOEJCI®µHJHB´BTUVUZ­O­H­OBOE­OBH­UNBK­] HMe3X4G@M@JMC(HMQX@:1UC(Ç1M@$ OJ¹QSBUZÄI­O­LBOBE²OJSBZ­S´BWBE²SHIBOBVÁ]]]] OTZXeC@OTZXFÃ@1OTZX@OTZXSQHF:(
  129. 129. QV´ZBQSBE­QV´ZBHBSCI­QV´Z­QV´ZBUBSBµHJ´²] OVTOVT K@O4:@1e:S@HS1eÃHIM( Q®UIVÁQ®UIVQIBM­QÄS´­QSB´BU­SUJQSBCIB¸KJO²]]]] e@:C@e@H:IMM(e@:DY(e@:mHO:(
  130. 130. QS­´BE­QS­´JKBOBO²QS­´F°²QS­´BSÄQJ´²] O¹@KX@OQ@YHÄOTQHI3OQLHeX@ QBEN­MBZ­QBS­°BLUJÁQVSBKJUQBSBNBQSJZ­]]]] Page 22 of 45
  131. 131. OQ@OQ Ke@HÏO@UM(BOXH2UM(
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  134. 134. QBSBN­UNBTWBSÄQ­DBQBSBCSBINBQSBL­°JO²] OQL@MCHMOC@e@XHo^2UmHO:( QBSBN­OBOEBOJ¹QBOE­QS­ZB°DJUUBTWBSÄQJ´²]]]] O@M(XmOHMU@1:@OHQ`@:OQ@X:@
  135. 135. Q­O²ZBSÄQBOJSW­´­QBSJUS­´BQBS­ZB´­] O@ODWMCU)U@K@O@O@HQO@OM@LMTSÆ Q­QFOEIBOBEBWBKW­M­Q­Q­SJÁQ­QBO­NBOVU]]]] OQL$sX1IMM(e@e@@OQ@OQ@
  136. 136. QBSBNBJ°WBSZBKBOBO²QSBK¸­QS­K¸­QBS­QBS­] e3XKyL(O¹@(OQ5X@DL@LSwU@ QSBUZBL¹BMBL¹N²ÁQBEN­L¹²QBSBWZPN­N®UBTSBW­]]]] Page 23 of 45
  137. 137. eRºmO@eH:HWO4S@e3XCDUS@
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  139. 139. QBENBO­CIBQBE­SHIZF´BQSBTÄU­QBENBN­MJO²] OQHµ1C@OTHuJQ(O6X@O4HS1eÃ@US( QBSBSEEIJE­QV¹¾JLBS²QBUIZ­QÄSUJÁQSBCI­WBU²]]]] OTM@M@O(SFÃ1Ô(O@OOU1SM@HYM(
  140. 140. QVO­O­Q²UBHBSCIBHIO²Q­QBQBSWBUBO­°JO²] HKM( KG2S@B —¢@ATIHUK@DBM@ QIBMJO²QIBMBIBTU­DBQIVMM­NCVKBWJMPDBO­]]]] @HKS$M@DLG@D`@ H:K@DJHUÃ4:LÆ
  141. 141. QI­MJUBJOPNBI­L¹FUS­QIB´JMPLBWJCIĹB´BN] DM#Ke:Tº$M@ —¢J$QUFHWM( QIFOBDDIBMBQSB´VOOBJO­ÁQIVMMBLBJSBWBHBOEIJO²]]]] DHMK@#@ATW@Q@Ã@ —ET×@HPSO@SJ@
  142. 142. QIFOJM­DDI­NCVEI­S­CI­QIVºVDD­¾JUBQ­UBL­] @H:S2U@¯RHKK@ @PO6XIK@HUK@ QI­´JUBTW­EVTBMJM­QI­´¾BQBUIZBKBM­WJM­]]]] Page 24 of 45
  143. 143. HUsL@S@BHUsDY(HUs@HUsDsQHeX@
  144. 144. WJ°WBN­U­DBWJ°WF°²WJ°W­WJ°WF°WBSBQSJZ­] g|ZX@g|J•·@|(gH|t@HULK@DCJ@ CSBINB´Z­CSBINBL®ECS­IN²CSBINJ¹¾I­WJNBMPEBL­]]]] HUÃ@UQ(BHUQI@HUÖ@S@MDJHUuO@
  145. 145. WJCI­WBS²DBWJSBK­WJLS­OU­OFLBWJ¹¾BQ­] HUsHL`HU:TOC(U$:U(U$:UHeX@ WJ°WBNJUSB©WJ¹´VQBE²WBJ¹´BW²WBJ¹´BWBQSJZ­]]]] HUmO@HeXJQ(HUÃ4HSHU1sS@DLTN(
  146. 146. WJSÄQ­L¹BQSJZBLBS²WJCIÄUJSWJ°WBUPNVLI²] HUO@Y@U$ATW(UD @UDC@QQRwU@ WJQ­°­WBJCVEI²WFEZ­WFE­L¹BSBSBTBTSBW­]]]] HU @UDFUS(U @AG:(g|U@HCM(
  147. 147. WJEZ­WFHBWBU²WBOEZ­C®©IB´²CSBINBW­EJO²] UQC@HUeJ•u@BUHQt@BHUY@DWM( WBSBE­WJQSBL®¹¾­DBWBSJ¹¾I­DBWJ°PEIBO²]]]] HU @WQ(HUY@DJ@BUX@DUCHMDHUS@
  148. 148. WJEZ­EIBS²WJ°PL­DBWBZPW®OEBOJ¹FWJU­] ACJ@AKUS(5X@DL2V@HUATWHeX@ CBIÄEBL­CBMBWBU²WZPNBTUI­WJCVEIBQSJZ­]]]] Page 25 of 45
  149. 149. U@:(UDCUS(HU^@g|HU @SQHF:(
  150. 150. W­´²WFEBWBU²WJUU­CSBINBWJEZ­UBSBµHJ´²] g|@EJ•HP5X@Ï@ATg1|G3X@OG@HQ:( CSBIN­´ºBL®¾JWZ­QU­NCVSCSBINBIBUZ­QBI­SJ´²]]]] g|DYHU:TmO@BATHµHU1ÃUUHW1M(
  151. 151. CSBINF°BWJ¹´VSÄQ­DBCVEEIJSWJCIBWBWBSEIJO²] HUK@HRRTNC@U$9X@5X@HOM(BU@QH: WJM­TJTVLIBE­WBJ°Z­WZ­QJO²DBW®¹­SB´JÁ]]]] U@JL@$HKHMKX@HUOº@HS1eÃHIM(
  152. 152. W®¹­µLBNBVMJOJMBZ­WJQBOO­SUJQSBCIB¸KJO²] HUM(S@HUMS@gÓSMX@HUMX@H-US@ WJO²U­WJOBU­CSBEIOBUBOBZ­WJOBZ­OWJU­]]]] HUOB(U@ J—YK@UD:TrTHSHUB:@
  153. 153. WJQB¸D²W­EZBLV°BM­WF´V°SVUJWJDBL¹B´­] UB12JQ(AKJQ(AK@D-L4HKSJ+L@ WBSDBTLBS²CBMBLBS²CBMPONÄMJUBLBMNB¹­]]]] HUO@/L@HUFS@SJ@HUJ+OOHQUHI1S@
  154. 154. WJQ­QN­WJHBU­UBµL­WJLBMQBQBSJWBSKJU­] UHuJ`(1UHuIK@HUHWHU1H#ºAWM@ W®¹¾JLBSUS²W®¹¾JKBM­WJEIJSWJDDIJOOBCBOEIBO­]]]] Page 26 of 45
  155. 155. pSmO@HU^mO@A¤HUÔHUM@YJ•SÆ
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  157. 157. WJKBZ­WJ°WBC²KB¸DBW­NBEFW²WBSBQSBE­] U@HrS@HUÔ(BHU@M@D,X’YTL@HKM( W®¹­°SJU­WJ¹BHIO²DBWJK¸­OPSNZB©°VN­MJO²]]]] Ã5X@Ã@DFUS(ø@ÃU@M(Ã4SÃ@HUM(
  158. 158. CIBWZ­CIPHBWBU²CIBES­CIBW­O²CIÄUBCI­WJO²] Ã4SW@`(ÃXGQ@ÃÄC@HQ›Ç@HSM( CIÄUBEI­US²CIBZBIBS­CIBLUBE­SJESZBHI­UJO²]]]] ÃTHÄLTHÄeC@ÃDY(ÃÄ2UF@1OUF1C@
  159. 159. CIVLUJNVLUJQSBE­CIF°²CIBLUBTWBSH­QBWBSHBE­] Ã@F(QV(Ã@MTLS(Ã@XÃ@DFUS(ÃHS CI­H²SBUI²CI­OVNBU²CI­HZBNCIPHBWBU²CI®UJÁ]]]] ÃUHeX@ÃUbDu(Ã4HSC@Ã4HSÃ4:@
  160. 160. CIBWBQSJZ­CIBWBEWF¹¾S²CIÄUJE­CIÄUJCIĹB´­] Ã@KK@DBMÃ@U@Ã4SÃ5XÃU3eÃT CI­MBMPDBOBCI­WBK¸­CIÄUBCIBWZBCIBWBUQSBCIVÁ]]]] Page 27 of 45
  161. 161. @HS@MeYLM(Húg|@ELEO@
  162. 162. CIS­OUJK¸­OBQSB°BNBO²CIJOOBCSBIN­´ºBNB´ºBQ­] Ã4HQC@ÃHÄRTKÃ@Ã@XU´¿HuF@DBQ( CIÄSJE­CIBLUJTVMBCI­CI­HZBWBEE®¹¾JHPDBS²]]]] ÃHIS@DO/KUJ—K@ÃyXÃ@D)XRTNeC@
  163. 163. CIB¸KJUPQBQMBWBLVM­CIBL¹ZBCIPKZBTVLIBQSBE­] HÃ:(X@HÃTL@S@Ã@U@Ã@U2UmHO:( CIJL¹B´²Z­CIJL¹VN­U­CI­W­CI­WBTWBSÄQJ´²]]]] LC@HJM(LG@MC@L@S@LTHÄSQHF:(
  164. 164. NBOE­LJO²NBI­OBOE­N­U­NVLUJUBSBµHJ´²] LG@DCX@LWTLS(LG@OTZX@LTC@JQ( NBIPEBZ­NBEIVNBU²NBI­QV´Z­NVE­LBS²]]]] LTHM2STS@L@DGG`(LG@S(V@1LWTwU@
  165. 165. NVOJTUVU­NPIBIBOUS²NBI­U²SUI­NBEIVTSBW­] L@WU(L@HMM(L@-X@LM@DQVOV@HSF@ N­EIBW²N­OJO²N­OZ­NBOPSBUIBQBUI­UJH­]]]] L@DC@LHSC@LT.X@LG@Ã@XIM@HrS@
  166. 166. NPL¹BE­NBUJE­NVLIZ­NBI­CI­HZBKBO­°SJU­] LG@UDFUS(LD7X@LG@LHGLÃ4:@ NBI­WFHBWBU²NFEIZ­NBI­NBIJNBCIĹB´­]]]] Page 28 of 45
  167. 167. LG@eÃ@U@LGS(L(MBBKK@DBM@
  168. 168. NBI­QSBCI­W­NBIBU²N²OBDB¸DBMBMPDBO­] LG@J@kZXRO4:@1LGHµ1oLG@D3OK@ NBI­L­SV´ZBTBNQÄS´­NBIBSEEIJ°DBNBIPUQBM­]]]] L4HS1L-LTHÄQL:(LH:L@H:*XÃ4:@
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  171. 171. NBI­QV´ZPEBZBQS­QZ­N­Z­UJNJSBDBOESJL­] LG@HU @LG@L@X@LG@LDW@LG@$WLÆ NBI­WJEZ­NBI­N­Z­NBI­NFEI­NBIBV¹BEIBN]]]] L@K@WQ(LG@DO@X@LG@DQFHUÃ4:@
  172. 172. N­M­EIBS²NBIPQ­Z­NBIPSBHBWJCIĹB´­] LG@L@DGeYLM(LG@LFKLFKLÆ NBI­NPIBQSB°BNBO²NBI­NBµHBMBNBµHBMBN]]]] Page 29 of 45
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