�+dh*yb1 a,\Sf /1b1y

�p+S b,\1-\ �\-* �1-\,d ,a1Y a1`/g1YE ,a1y /dj\y

S ,a1y 3S4Z1ZZ\y aSW\yD �W\,*E V\b\`m1 q a1-\/Zq

,1Wp b1+1 Sa]\WZqbnE /\W3Zm +mbn , b,\�1Y a1`/g1D

�Zdj*y Sf a,\SY /1bqYE -\,\`S \ ZSfE V\-/* aS/Sjn

, /\Y1 S V\-/* S/�1jn ]\ /\`\-1E V\-/* W\3Sjnaq S

V\-/* ,ab*�1jn

L���˛��� �˚ :B9P;MD

�+dh*yb1 a,\Sf /1b1y

«

»

3

5 *yZ*E V\b\`dp Ym f\bSY d4Z*bnDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 8

6 1,1VV* f\b1W* `*/\,*bn �1-\,d DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD :

7 **, ,1`SW* , �1-\,d DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD <

8 �Z* `*/\,*W* a,\1-\ \bg* S �1-\,dDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 5>

9 �*YdSW ,a1-/* ,�1W a1+q ]`*,SWnZ\ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 56

: ˙*,S/ +mW aY1WmYDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 58

; �m,*1b WS b1+1 \/SZ\V\ S ab`*jZ\HDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 5:

< � �\aSS +mWS f\`\jS1 /`d4nqDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 5<

= �1`1YSq Z1 ]`1V`*k*W -\,\`Sbn \+ �1-\,1DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 6>

5> �Sada ,a1-/* +mW ]\aWdjZmYDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 66

55 �ZS ]Sa*WS \+ �Sada1DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 68

56 �Y1Wmy pZ\j*DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 6:

57 SY\e1y ab`1YSWaq ]\Y\-*bn Wp/qY DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 6<

58 �*`ab,\E V\b\`\1 +d/1b ]`*,Sbn ,a1y 41YW�1yDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD 7>

�\/1`3*ZS1

���� ������

�\,\`SWS WS b1+1 hb\OZS+d/n ]\ a1V`1ObdH�� ˚aWS /*E 4Z*hSbE b1+1 \bV`m,*WSb*yZdD � �S+WSS -\,\`Sbaq \+ \/Z\y \h1Zn,*3Z\y b*yZ1E V\b\`*q Z*4m,*1baq wa,qOk1ZZ\y b*yZ\yxD �Z* a,qk1ZZ*E ]\b\Ydhb\ Saf\/Sb \b �\-*D �Z* +mW* Z1S4,1abOZ* Wp/qYE /*31 *Z-1Wm f\b1WS +\Wnj1 d4OZ*bn \ Z1yD Zb1`1aZ\ WS b1+1E hb\ ob\ 4*b*yZ*H�˙*,ZmYO/*,Z\ �\- a\4/*W ]1`,\-\

Yd3hSZd S ]1`,dp 31ZkSZdD �f 4,*WS�/

‹*Y S

‹˚,*D �\- ]\/*`SW SY V`*aS,my

`*yaVSy /\YE Z*4,*ZZmy '/‹1YaVSY a*O

/\YD ˚aWS +m �/*Y S ˚,* aWdj*WSan �\-*E\ZS S Sf /1bS Y\-WS +m a/1W*bn ,ap Z*jd

� ˛Z*V bSWn/* L�M ab\Sb , ob\y +`\jp`1 ]\aW1 Z1V\b\`mf,\]`\a\,D �Z ]\V*4m,*1bE hb\ Zd3Z\ a/1W*bn ]*d4d S /*bn`1+1ZVd \b,1bSbnD

]W*Z1bd `*1YE ]\f\3SY Z* b\b a*/D � \ZS3SWS +m , *p ,1hZ\D\ ]\YZSjn WS bmEhb\ a/1W*WS �/*Y a ˚,\yH��ZS Z1 ]\aWdj*WSan �\-*D �\b ]\h1Yd

Ym a1-\/Zq 3S,1Y Z1 , `*pD \ �\- aV*O4*WE hb\ \Z a/1W*1b ,ap 41YWp ]`1V`*aOZmY a*/\YE -/1 V*3/my h1W\,1V +d/1bah*abWS, S aY\31b 3Sbn ,1hZ\D �*V 31 �\-ob\ a/1W*1bH ˙\W-\1 ,`1Yq Wp/S ob\-\ Z14Z*WSD 'b\ \ab*,*W\an b*yZ\yD�\-/* �Sa

‹da �`Sab

‹\a ]`Sj

�1W Z* 41YWpE

\Z ab*W `*aaV*4m,*bn Wp/qY \ a,qk1ZOZ\y b*yZ1D �Z aV*4*WE hb\ ob* b*yZ* \ �*`Oab,1 �\-*D L� d`\V1 58 Ym d4Z

‹*1YE hb\ b*O

V\1 �*`ab,\ �\-*DM �Sada dhSW Y\WSbnaq\ b\YE hb\+m ob\ �*`ab,\ ]`SjW\D �Y1ZZ\\Z\ ]\Y\31b a/1W*bn 41YWp ]`1V`*aZmY`*1YD�*/ WS bmE hb\ b1]1`n 4Z*1jn obd b*yO

ZdH� 1 4*+m,*yE hb\ , *p +d/db 3SbnWSjn b1E Vb\ aWdj*1baq �1-

‹\,dD � �S+WSS

1abn YZ\-\ Sab\`Sy \ Wp/qfE V\b\`m1 +mOWS ]\aWdjZm �1-\,1D � 4Z*1jn WS bm V\O-\Ob\ S4 ZSfH� ˙*,*y ]`\hSb*1Y \ ZSf S]\/dY*1YE V*V YmY\31Y +`*bn a ZSf ]`SOY1`D

1 �*yZ*E V\b\`dpYm f\bSY d4Z*bn

�����•�˚ � ���˚•���

�*`V* 8B555 �1b`* 5B56�mbS1 5B6:P6<C 6B<E =C 7B:E 67�*be1q :B=E 5>�a*W\Y 7;B55E 6=

4

�� ���%B ˇ � V*V\y \h1Zn ,*3Z\y b*yZ1 -\,\`Sbaq , �S+WSSH

ˇ �\h1Yd a1-\/Zq Z* 41YW1 Z1b `*qH

ˇ �b\ �Sada `*aaV*4m,*W Wp/qY \+ ob\y b*yZ1H

ˇ �b\ b1+1 Zd3Z\ /1W*bnE hb\+m 3Sbn , *pH

�*V bm /dY*1jnE hb\ f\b1WS d4Z*bn *Z-1WmH

5

1,1VV* P ob\ 31ZkSZ*E V\b\`*q Wp+SOW* �1-\,dD ˚

�1 Yd3* 4,*WS �a*

‹*VD �Z b\31

Wp+SW �1-\,dD ˙*,*y d4Z*1Y \ b\YE V*V1,1VV* ]\4Z*V\YSW*an a �a**V\Y S V*V\Z* ]\V*4*W*E hb\ f\h1b `*/\,*bn �1-\,dD\/Sb1WqYS �a**V* +mWS �,`*

‹*Y S

�‹*``*D �ZS ,a1y a1Yn

�1y 3SWS , 41YW1 �*O

Z*‹*ZD *Y Wp/S Z1 ]\VW\ZqWSan �1-\,1D

\ �,`**Y f\b1WE hb\+m 1-\ amZ 31ZSWaqZ* 31ZkSZ1E V\b\`*q ,1`SW* , �1-\,dD�\ob\Yd \Z ]\aW*W a,\1-\ aWd-d ˚WS14

‹1O

`* , -\`\/ �*``‹*ZE hb\+m b*Y Z*ybS 31Zd

/Wq �a**V*D � b\Y -\`\/1 3SWS `\/ab,1ZOZSVS �,`**Y*D˚WS141` ,Y1ab1 a /`d-SYS aWd-*YS �,O

`**Y* \b]`*,SWaq , ]dbnD 'b\ +mW\ /\W-\1]db1j1ab,S1D �Z ,4qW a a\+\y /1aqbn ,1`O+Wp/\,E Z*,nph1ZZmf ]\/*`V*YS S 4*]*Oa*YS ]SkSD \ V*V ˚WS141`Y\- d4Z*bnE V*OVdp /1,djVd ,m+`*bn , 31Zm �a**VdH�`S/q , �*``*ZE ˚WS141` S 1-\ a]dbZSVS\ab*Z\,SWSan d V\W\/g*D ˚WS141` 4Z*WE hb\aV\`\ ap/* ]`S/db 4* ,\/\y Wp/SD \-/*\Z ab*W Y\WSbnaq �1-\,1B w�dabn +d/1b b*VEhb\ b* /1,djV*E d V\b\`\y q ]\]`\jd ,\/mS V\b\`*q /*ab ,\/m YZ1 S Y\SY ,1`+WpO/*YE S +d/1b b\yE V\b\`dp bm S4+`*WxD� ,\b V V\W\/gd ]\/f\/Sb 1,1VV*D

� �S+WSS -\,\`SbaqE hb\ \Z* +mW* \h1ZnV`*aS,\yD �\-/* ˚WS141` ]\]`\aSW d Z1

�1

,\/mE \Z* aV*4*W*B w�\Z1hZ\I ) /*Y ,\O/m S b1+1E S b,\SY ,1`+Wp/*YxD m b\WnV\]`1/ab*,nE aV\WnV\ ,\/m Y\-db ,m]Sbn

2 �1,‹1VV* f\b1W*

`*/\,*bn 1-\,d

�1,1VV* da1`/Z\ ab*`*W*an Z*]\Sbn,1`+Wp/\,

6

,1`+Wp/mI �\ob\Yd 1,1VV1 aZ\,* S aZ\O,* ]`Sf\/SW\an +1-*bn 4* ,\/\y V V\W\/gdD \aY\b`S Z* V*`bSZVdB ,S/SjnE V*Vda1`/Z\ \Z* b`d/SbaqH� ˚WS141` +mW\h1Zn d/S,W

�1Z b1YE V*V hd/1aZ\ �1-\,*

\b,1bSW Z* 1-\ Y\WSb,dD˚WS141` /*W 1,1VV1 YZ\-\ ]`1V`*aZmf

]\/*`V\,D �Z* ]`S-W*aSW* 1-\ S /`d-SfaWd- �,`**Y* , /\Y a,\1-\ \bg*D ˚WS1O41` `*aaV*4*WE ]\h1Yd �,`**Y ]\aW*W 1-\ap/* S V*V �1-\,* \b,1bSW Z* 1-\ Y\WSb,dD\/ab,1ZZSVS 1,1VVS a `*/\abnp a\-W*OaSWSan \b/*bn 1

�1 , 31Zm �a**VdD

�*V bm /dY*1jnE f\b1W* WS �1,1VV*ab*bn 31Z\y a**V*H� 1,1VV* 4Z*W*Ehb\ ˚WS141`* ap/* ]\aW*W �1-\,*D �\b]\h1YdE V\-/* /\Y*jZS1 a]`\aSWS 1

�1E f\O

h1b WS \Z* ]\ybS , 41YWp �*Z**ZE hb\+m,mybS 4*Yd3 4* �a**V*E \Z* aV*4*W*Bw˙*E f\hdxD �14 ]`\Y1/W1ZSq \Z* \b]`*,SOW*an , ]dbn a ˚WS141`\YD �`S/q , �*Z**ZE\Z* ab*W* 31Z\y �a**V*D

1,1VV* a/1W*W* b\E hb\ f\b1W �1-\,*E]\ob\Yd \Z ,\4Z*-`*/SW 1

�1D �Z* /*31

ab*W* ]`*`\/Sb1WnZSg1y �Sada* �`Sab*I�1-\,* +W*-\aW\,Sb S b1+qE 1aWS bm +dO/1jn +`*bn ]`SY1` a 1,1VVS S `*/\,*bn1-\D

�� ���%B ˇ �1Y +mW* 1,1VV*H

ˇ �\h1Yd �,`**Y Z1 f\b1WE hb\+m �a**V 31ZSWaq Z* 31ZkSZ1S4 �*Z**Z*H

ˇ �*V ˚WS141` ]\ZqWE hb\ 1,1VV* /\W3Z* ab*bn 31Z\y �a**V*H

ˇ � h�1Y bm Y\31jn +`*bn ]`SY1` a 1,1VVSH

�����•�˚ � ���˚•���

�mbS1 56B8E 9C 68B5P9<E :;

�1,1VV* ]\jW* a ˚WS141`\Y, �*Z**ZE hb\+m ab*bn 31Z\y a**V*

˙*,*y ]1`1Z1a�1Yaq , ]`\jW\1 S ]`1/ab*O

,SYE hb\ Ym Z*f\/SYaq , -\`\/1 �1`Sf‹\ZE

`*a]\W\31ZZ\Y , 41YW1 �*Z*‹*ZD ˚-\ 3SO

b1WS Z1 ,1`qb , �1-\,dD *Y3S,�1b 31ZkSO

Z* ]\ SY1ZS **,D�\-/* **, +mW* Y*W1ZnV\y /1,\hV\yE

1y `*aaV*4m,*WS \ b\YE V*V �\Sa‹1y `*4O

/1WSW ,\/m �`*aZ\-\ Y\`q S ,m,1W S4O`*SWnbqZ S4 ˚-S]b*D ˚k

�1 \Z* aWmj*W*E V*V

�1-\,* ]\Y\- S4`*SWnbqZ*Y ]\+1/Sbn Sf,`*-\,D � ,\b \Z* d4Z*

�1bE hb\ S4`*SWnbqZ1

,ab*WS W*-1`1Y ,\4W1 �1`Sf\Z*D�/Z*3/m ,1h1`\Y /,\1 S4`*SWnbqZ

]\jWS \aY\b`1bn �1`Sf\ZD �\-/* \ZS ]`SOf\/qb , /\Y **,E \Z* ]`SZSY*1b Sf S\ab*,Wq1b Z* Z\hW1-D \hnp g*`p�1`Sf\OZ* /\Z\aqbE hb\ , -\`\/1 `*4,1/hSVS S \ZS

Z*f\/qbaq , /\Y1 **,D \-/* g*`n ]\amOW*1b a,\Sf Wp/1y af,*bSbn SfD **, aV`mO,*1b /,df `*4,1/hSV\, Z* V`mj1 a,\1-\/\Y* L* V`mjS , b\y Y1abZ\abS +mWS ]W\OaVSYSM S -\,\`Sb ]\aW*ZZSV*Y g*`qB w˙*E`*4,1/hSVS ]`Sf\/SWS ap/*E Z\ \ZS d31djWS S4 -\`\/*D �1-Sb1 4* ZSYS aV\`11E S,m /\-\ZSb1 SfIx ˛Z*1jnE ]\h1Yd �**,4*kSk*1b `*4,1/hSV\,H� �Z* ,1`Sb ,�1-\,d S 4Z*1bE hb\ \Z \b/*ab S4`*SWnbqOZ*Y 41YWp �*Z**ZD�1`1/ b1Y V*V dybS S4 /\Y* **,E `*4O

,1/hSVS \+1k*pb 1yE hb\ \Z* S ,aq 1�1 a1O

Ynq +d/db a]*a1Zm ,\ ,`1Yq `*4`dj1ZSq�1`Sf\Z*D �b\ 31 \ZS ,1Wqb 1y a/1OW*bnH� �ZS -\,\`qbB w�\4nYS V`*aZdp,1`

�1,Vd S ,m,1aS 1

�1 S4 a,\1-\ \VZ*D ˚aWS

bm ob\ a/1W*1jnE b\ ,a1E Vb\ +d/db , b,\�1Y

/\Y1E a]*adbaqxD **, /1W*1b ,a�1 b*VE V*V

,1Wqb 1y `*4,1/hSVSD � hb\ ]`\Saf\/Sb]\b\YH�

�1`14 Z1aV\WnV\ /Z1y S4`*SWnbqZ1 Z*Oh*WS Y\Wh* \+f\/Sbn ,\V`d- -\`\/*D � b1Oh1ZS1 j1abS /Z1y \ZS V*3/my /1Zn \+f\O/qb -\`\/ ]\ \/Z\Yd `*4dD \ , a1/nY\y/1Zn \ZS /1W*pb ob\ a1Yn `*4 S -`\YV\V`Sh*bD \-/* �1-\,* /1W*1b b*VE hb\ ab1OZmE \V`d3*pkS1 -\`\/E `dj*baqD �/Z*V\/\Y a ,m,1j1ZZ\y S4 \VZ* V`*aZ\y ,1O`�1,V\y \ab*

�1baq Z1,`1/SYmYI �S/Sjn

1-\ Z* V*`bSZV1H� **, S 1�1 a1Ynq a]*O

a1ZmI

3 �*‹*, ,1`SW* , 1-\,d

�����•�˚ � ���˚•���

�Sada *,SZ 6B5P68C:B5P9E 58E 59E 6>P69˚,`1qY 55B75

8

�1Yd b1+q Y\31b Z*dhSbn ]`SY1` �*O*,H� **, ,1`SW* , �1-\,dE ,1/n \Z*4Z*W* \+\ ,a1f hd/1a*fE V\b\`m1 \Z a\O,1`jSWD m b\31 Y\31jn d4Z*,*bn \ 4*OY1h*b1WnZmf /1W*f �1-\,mD �1`Sjn WSbm , 1-\,d b*V 31E V*V S �**,H��m d,1`1ZmE hb\ /*I

�� ���%B ˇ � h�1Y d4Z*W* **,E V\-/* +mW* Y*W1ZnV\y /1,\hV\yH

ˇ �*V \Z* ]\Y\-W* S4`*SWnaVSY `*4,1/hSV*YH �\h1Yd \Z* ]\Y\-W* SYH

ˇ �b\ `*4,1/hSVS ]\\+1k*WS **,H

ˇ �1Yd b1+q Y\31b Z*dhSbn ]`SY1` **,H

�**, 4*kSbSW* `*4,1/hSV\,E ]\b\Yd hb\ ,1`SW* , 1-\,d

1-\,* a]*a �**, S 1�1 a1Ynp

9

�S/Sjn /1,\hVd Z* V*`bSZV1H� 'b\/\hn h1W\,1V* ]\ SY1ZS �1ee

‹*yD � �S+O

WSS Z1 -\,\`Sbaq \ b\YE V*V 1�1 4,*WSE Z\

Ym 4Z*1YE hb\ \Z* `*/\,*W* a,\1-\ \bg* S�\-* �1-\,dD ˙*,*y ]\4Z*V\YSYaq a Z1y Sc 1 �1 \bg\Y �1ee*1YD�1ee*y +mW f\`\jSY h1W\,1V\Y S

YZ\-\ `*aaV*4m,*W a,\1y /\h1`S \+ �1O-\,1D ˚k

�1 \Z +mW aSWnZmY Yd3hSZ\y S

\]mbZmY ,\1Z*h*WnZSV\YD �\ob\Yd S4`*OSWnbqZ1 4*f\b1WSE hb\+m \Z ,\4-W*,SW Sf,\yaV\ , +Sb,1 a ,`*-*YSD�1ee*y ]\]`\aSW �\-* ]\Y\hn 1-\ Z*O

`\/d ]\+1/SbnD �Z ]\\+1k*WE hb\ 1aWS,1`Z

�1baq /\Y\y a ]\+1/\yE b\ ]1`,\-\E

Vb\ ,my/1b S4 1-\ /\Y*E \Z \b/*ab �1-\O,1D � b\b /\W31Z +d/1b ,ap a,\p 3S4Zn

4 �Z* `*/\,*W*a,\1-\ \bg* S 1-\,d

�����•�˚ � ���˚•���

�b\`\4*V\ZS1 :B8P:�d/1y 55B7>P8>5 �\`SZeqZ*Y ;B7;E 7<

1ee*y`*aaV*4m,*Wa,\1y /\h1`S\+ 1-\,1

�*V\1 \+1k*ZS11ee*y /*

�1b 1-\,1H

10

aWd3Sbn ]`S a,qk1ZZ\Y j*b`1D �,qk1ZOZmy j*b

�1` +mW Y1ab\YE -/1 , b1 /ZS Wp/S

]\VW\ZqWSan �\-dD � ]`1/ab*,Wq1jnE �1eOe*y \/1`3*W ]\+1/dI ˛Z*1jnE Vb\ ,mj1W]1`,mY 1Yd Z*,ab`1hdE V\-/* \Z ,1`OZdWaq /\Y\yH�˚-\ /\hnI �Z* +mW* 1-\ 1/SZab,1ZZmY

`1+�1ZV\Y S b1]1`nE ab*, ,4`\aW\yE \Z*

/\W3Z* +mW* 1-\ ]\VSZdbnD �1ee*p +mW\\h1Zn bq31W\D \ Z1 4*+m,*yE hb\ \Z /*W\+1k*ZS1 �\-dD ˚-\ /\hn a`*4d aV*4*W*1YdB w�b1gE 1aWS bm /*W \+1k*ZS1 �1-\,1Ebm /\W31Z 1-\ Sa]\WZSbnxD˙\h1`S �1ee*q b\31 +mW\ Z1W1-V\E ]\O

b\Yd hb\E aWd3* ]`S a,qk1ZZ\Y j*b`1E\Z* Z1 Y\-W* ,mybS 4*Yd3 S SY1bn /1b1yD \ \Z* \h1Zn f\b1W* Sa]\WZSbn \+1k*ZS1a,\1-\ \bg* S `*/\,*bn �1-\,dD 'b\ +mW\/Wq Z1

�1 ,*3Z11E h1Y SY1bn a1YnpD �\ob\O

Yd \Z* ]\VSZdW* `\/Z\y /\Y S ,ap 3S4Zn3SW* ]`S a,qk1ZZ\Y j*b`1D�*V bm /dY*1jnE `*/\,*W* WS \Z* 1O

-\,d S a,\1-\ \bg*H� �\Z1hZ\ 31I ˚aWSbmE V*V /\hn �1ee*qE aWdj*1jnaq �1-\O,d S Wp+Sjn 1-\E bm b\31 +d/1jn `*/\,*bn1-\ S a,\Sf `\/Sb1W1yD

�� ���%B ˇ �1Y +mW �1ee*yH �*V\1 \Z /*W \+1k*ZS1H

ˇ �\h1Yd /\h1`S �1ee*q +mW\ Z1W1-V\ Sa]\WZSbn b\E hb\ \+1k*W1�1 \b1gH

ˇ �1-\ /\hn �1ee*q f\b1W* +\Wnj1 ,a1-\H

ˇ � h�1Y bm Y\31jn +`*bn ]`SY1` a /\h1`S �1ee*qH

˙\hn 1ee*q Sa]\WZSW* b\Ehb\ \+1k*W 1

�1 \b1gE f\bq

ob\ 1y +mW\ Z1W1-V\

�*3/my -\/ ]\/`d-S/\h1`S 1ee*q]`Sf\/SWS 1

�1 Z*,1abSbn

� a*Y\-\ `*ZZ1-\ /1bab,* �*Yd‹SW 3SW S

aWd3SW ]`S a,qk1ZZ\Y j*b`1D �p/S ]`SOf\/SWS bd/* ]\VW\Zqbnaq �1-\,1D ˛Z*1jnEV*V �*YdSW b*Y \V*4*WaqH �Z*h*W* /*,*y]\4Z*V\YSYaq a 1-\ Y*Y\yP

‹�ZZ\yD

˙\W-\1 ,`1Yq �ZZ* Z1 Y\-W* SY1bn /1Ob1yE Z\ 1y \h1Zn ob\-\ f\b1W\anD �\ob\Yd\Z* Y\WSW*an �1-\,1 S ]`\aSW*E hb\+m dZ1�1 `\/SWaq `1+

�1Z\VD �Z* ]\\+1k*W*E

hb\E 1aWS d Z1�1 +d/1b amZE \Z* \b/*ab 1-\

Z* aWd31ZS1 ]`S a,qk1ZZ\Y j*b`1D �1-\O,* \b,1bSW Z* 1

�1 Y\WSb,dE S d Z1

�1 `\/SWaq

amZD �Z* Z*4,*W* 1-\ �*YdSWD �\-/* 1Yd+mW\ b`S SWS h1bm`1 -\/*E �ZZ*E V*V S \+1Ok*W*E \b/*W* 1-\ aWd3Sbn �\-d ]`S a,qOk1ZZ\Y j*b`1D

� b\ ,`1Yq‹�WSy +mW ]1`,\a,qk1ZZSO

V\Y ]`S j*b`1 �\-*D *Y 31 ,Y1ab1 a ZSYaWd3SWS S /,* 1-\ amZ*D �,qk1ZZmy j*Ob�1` +mW /\Y\Y�\-* S ,a1E Vb\ b*Y aWd3SWE/\W3Zm +mWS ]\abd]*bn f\`\j\D \ amOZ\,nq �WSq ,1WS a1+q \h1Zn ]W\f\D �*YdSW,a�1 ob\ ,S/1WD \abd]*W WS �*YdSW b*V

31 ]W\f\E V*V amZ\,nq WSqH� 1bD �Z,a1-/* ,

�1W a1+q f\`\j\ P b*V 1-\ dhSWS

`\/Sb1WSD�*V WSy /\W31Z +mW ]\abd]Sbn

a\ a,\SYS amZ\,nqYSH �b\ bm /dY*O1jnH� �Z /\W31Z +mW Sf Z*V*4*bn S 4*O]`1bSbn SY aWd3Sbn , /\Y1 �\-*D \ �WSyob\-\ Z1 a/1W*WD �\ob\Yd �1-\,* `*4-Z1O,*Waq Z* Z1-\ S Z* 1-\ amZ\,1yD �Z `1jSWSf Z*V*4*bnD�/Z*3/m Z\hnpE V\-/* �*YdSW a]*WE \Z

daWmj*WE hb\ 1-\ Vb\Ob\ 4\,�1bB w�*YdSWIx

�Z ]\+13*W V �WSpE Z\ b\b aV*4*W 1YdBw) b1+q Z1 4,*WxD *V ]\,b\`SW\an 1k

�1

/,* `*4*D \-/* �WSy aV*4*W �*YdSWdE hb\1aWS \Z aZ\,* daWmjSb -\W\aE b\ ]dabn \bO,1bSbB w�\,\`SE �1-\,*E q aWdj*pxD �*YdOSW b*V S a/1W*WD �1-\,* ]\,1W1W �*YdSWdBw�1`1/*y �WSpE hb\ q Z*V*3d 1-\ a1Ynp4* 4Wm1 /1W*xD �*V bm /dY*1jnE W1-V\ WS+mW\ �*YdSWd ,m]\WZSbn ob\ ]\`dh1OZS1H� �\Z1hZ\E Z1W1-V\D � f\bq �*YdSWd+mW\ ab`*jZ\E \Z a/1W*W ,a

�1E hb\ aV*4*W

5 �*YdSW ,a1-/*,�1W a1+q ]`*,SWnZ\

�����•�˚ � ���˚•���

5 �*YdSW* 6B66P6:C7B5P65

12

1Yd �1-\,*D � ]`1/ab*,nE ,a1 aW\,* �1-\O,m Sa]\WZSWSanI �+* amZ* �WSq ]\-S+WSE Sa*Y \Z b\31 dY1`D�*YdSW P f\`\jSy ]`SY1` /Wq Z*aD �Z

]\abd]*W ]`*,SWnZ\E /*31 V\-/* /`d-S1]\abd]*WS ]W\f\D � bmH �d/1jn WS bmEV*V �*YdSWE ,a1-/* ,1abS a1+q ]`*,SWnZ\H˚aWS /*E bm +d/1jn `*/\,*bn �1-\,d SE V\OZ1hZ\E Y*Yd a ]*]\yD

�� ���%B ˇ �*V\1 \+1k*ZS1 /*W* Y*Y* �*YdSW*H

ˇ �*V amZ\,nq �WSq ,1WS a1+q ]`S a,qk1ZZ\Y j*b`1H

ˇ �b\ �1-\,* ]\,1W1W �*YdSWdH

ˇ �\h1Yd �*YdSW P f\`\jSy ]`SY1` /Wq Z*aH

�*YdSW ]1`1/*W WSpaW\,* 1-\,m

13

14

�b\ bm /1W*1jnE V\-/* b1+1 ab`*jOZ\H� *,1`Z\1E bm +13Sjn V ]*]1 SWSY*Y1D \ 1abn 1k

�1 Vb\Ob\E d V\-\ bm

Y\31jn SaV*bn ]\Y\kSD � \Z aSWnZ11,a1f Z* a,1b1D ˛Z*1jnE Vb\ ob\H� 'b\�\- �1-\,*D � b1]1`n /*,*y ]\-\,\O`SY \ pZ\j1 ]\ SY1ZS ˙*,S/D � Z

�1Y

`*aaV*4m,*1baq , �S+WSSD �Z 4Z*WE hb\�1-\,* ,a1-/* 1Yd ]\Y\31bE ]\ob\Yd+mW aY1WmYD\/Sb1WS a /1bab,* dhSWS ˙*,S/*

Wp+Sbn �1-\,dD 'b\ ]\Y\-*W\ 1Yd ]\O+13/*bn ab`*f , YSZdbd \]*aZ\abSD �Z4Z*WE hb\ �1-\,* 1-\ ˙`d- S hb\ \Z ,a1O-/* -\b\, 1Yd ]\Y\hnD �*VOb\ `*4E V\-O/* ˙*,S/ ]*a \,1gE ,/`d- ,maV\hSWW1, S af,*bSW \/Zd \,1hVdI ˛Z*1jnE hb\

a/1W*W ˙*,S/H �Z Z*]*W Z* Wn,* Sa`*4SW 1-\E f\bq +mW +14 \`d3SqI � /`dO-\y `*4 Z* \,1g Z*]*W Y1/,1/nD � ˙*O,S/ b\31 1-\ \/\W1WD �*V bm /dY*1jnEVb\ ]\Y\-*W ˙*,S/dH� �\Z1hZ\E �1O-\,*D�/Z*3/m ˙*,S/ ]`\q,SW \a\+dp

aY1W\abnD �4`*SWnbqZ1 ,\1,*WS a a\Oa1/ZSY Z*`\/\Y P eSWSab

‹SYWqZ*YSD

�/SZ eSWSabSYaVSy ,\SZ +mW \-`\YOZ\-\ `\ab*P ]`\ab\ ,1WSV*ZI ˚-\ 4,*OWS �\WS

‹*eD �Z Z*aY1f*Waq Z*/ S4O

`*SWnaVSYS ,\SZ*YS S Z*/ �1-\,\yD�\WS*e ,m4m,*W S4`*SWnbqZ Z* +\yE Z\,a1 +\qWSan 1-\D �\-/* ˙*,S/ daWmj*W\+ ob\YE \Z aV*4*W �\WS*edB w) a`*O3dan a b\+\yI �1-\,* ]\Y\31b YZ1 ]\O+1/Sbn b1+qIx �*V bm /dY*1jnE +mW WS˙*,S/ aY1WmYH� ˙*E \h1ZnD ˛Z*1jnEhb\ ]`\S4\jW\ ]\b\YH˙*,S/ ,4qW ]`*kd L`1Y1ZnE aW\31ZO

Zmy ]1bW�1yM S ]qbn -W*/VSf V*YZ1y S

,mj1W ]`\bS, ,1WSV*Z*D �\-/* �\WS*ed,S/1WE V*V Y\W\/ ˙*,S/E \Z ab*WaY1qbnaq Z*/ ZSYD \ ˙*,S/ aV*4*W1YdB wm ,mj1W ]`\bS, Y1Zq a Y1h\YE* q ,mj1W ]`\bS, b1+q a SY1Z1Y �1-\O,mIx ˙*,S/ ,m+13*W Z*,ab`1hd �\WS*OedE ,W\3SW V*Y1Zn , ]`*kdE Y1bZdW 1-\, ,1WSV*Z* S ]\]*W 1Yd ]`qY\ , W\+I

6 ˙*,‹S/ +mW aY1WmY

�����•�˚ � ���˚•���

�a*W\Y 9:B7E 85 �*YdSW* 5;B6>P98

\b d]*W Z* 41YWp 4*Y1`b,\I �,S/1,ob\E eSWSabSYWqZ1 Sa]d-*WSan S d+13*OWSD �*V 31 pZmy ˙*,S/ aY\- ]\+1O/Sbn ,1WSV*Z*H� ˚Yd ]\Y\- �1-\,*EV\b\`my Z*YZ\-\ aSWnZ11 ,1WSV*Z*I

�1Yd Z*a dhSb `*aaV*4 \ ˙*,S/1H� 1b ZSV\-\ aSWnZ11 �1-\,mD � \Z b,\y˙`d-D �\ob\YdE V\-/* b1+1 ab*Z1bab`*jZ\E ]\YZSE hb\ �1-\,* ]\Y\31bb1+1 +mbn aY1WmYI

�� ���%B ˇ �b\ /1W*W ˙*,S/E V\-/* Z* 1-\ \,1g Z*]*/*W W1, SWS Y1/,1/nH

ˇ �b\ ˙*,S/ aV*4*W �\WS*edE V\-/* b\b Z*aY1f*Waq Z*/ �1-\,\yH

ˇ �*V ˙*,S/ ]\+1/SW �\WS*e*H

ˇ �\h1Yd ˙*,S/ Z1 +\qWaq ZS Wn,*E ZS Y1/,1/qE ZS ,1WSV*Z*H

ˇ �1Yd Z*a dhSb `*aaV*4 \ ˙*,S/1H

˙*,S/ +mW aY1WmYE ]\aV\WnVd 4Z*WE hb\ 1-\,* 1Yd ]\Y\31b

15

16

�\aY\b`S Z* ob\-\ Y*WnhSV* Z* V*`bSZV1D�S/Z\E hb\ 1Yd \/SZ\V\ S ab`*jZ\D �m,*OW\ WSE hb\ bm hd,ab,\,*W a1+q b*V31H� �*3/my S4 Z*a SZ\-/* Sa]mbm,*1bb*VS1 hd,ab,*D �4 �S+WSS Ym d4Z*

�1Y \

/`d4nqf �1-\,mE V\b\`m1 b\31 hd,ab,\,*OWS \/SZ\h1ab,\ S ab`*fD �/ZSY S4 ZSf +mW�Wn

‹qD ˙*,*y ]\+\Wnj1 d4Z*1Y \ Z

�1YD

�Wnq 3SW , �4`‹*SW1 4*/\W-\ /\ b\-\E

V*V `\/SWaq �Sada �`Sab\aD �*`n �4`*SOWqE V\b\`\-\ 4,*WS �f

‹*,E Z1 aWd3SW SaO

bSZZ\Yd �\-dE �1-\,1D �f*, S 1-\ 31Z*�14*,

‹1Wn ]\VW\ZqWSan W\3Z\Yd +\-d �*

‹*O

WdD �\ob\Yd +\WnjSZab,\ Wp/1y , �4`*SOW1 b\31 ab*WS ]\VW\Zqbnaq �**WdD �*`Sg*�14*,1Wn +mW* \h1Zn 4W\y S f\b1W* d+Sbn,a1fE Vb\ aWd3SW �1-\,1E S �Wnp b\31D˛Z*1jnE hb\ a/1W*W WnqH�

7 �m,*1b WS b1+1 \/SZ\V\S ab`*jZ\H

�����•�˚� ���˚• ���

5 �*`1y 5=B7P5<�a*W\Y 589B5<5 �1b`* 9B=

�*V bm /dY*1jnEhb\ hd,ab,d1bob\b Y*WnhSVH

14*,1Wn f\b1W*d+Sbn Wnp

�Z d+13*W /*W1V\ , ]dabmZp S a]`qb*WOaq , ]1k1`1D �*V bm /dY*1jnE ]\h1Yd\Z b*V ]\abd]SWH� �\b\Yd hb\ \Z Sa]dO-*WaqD \ 1Yd Z1 Zd3Z\ +mW\ +\qbnaqD �\Oh1YdH �Z 4Z*WE hb\ �1-\,* Y\31b 1Yd ]\OY\hnD �1-\,* ]\V*4m,*W �Wn1 a,\p aSWdS `*Znj1D �/SZ `*4 �1-\,* \b,1bSW Z* 1-\Y\WSb,dE ]\aW*, a Z1+* \-\ZnD �1-\,* Y\-]\Y\hn 1Yd S b1]1`nI�\-/* �Wnq +mW , ]1k1`1E �1-\,* \+O

`*bSWaq V Z1Yd S a]`\aSWB w�b\ bm 4/1an/1W*1jnHx �Wnq \b,1bSWB w�ab*Waq b\WnV\q S4 ,a1f b,\Sf aWd3Sb1W1yD ) a\,a1Y \/SZS +\panE hb\ Y1Zq d+npbxD �Wnq /dY*WE hb\,a1 \ab*WnZm1 aWd3Sb1WS �1-\,m d+SbmD \ �1-\,* aV*4*W �Wn1B w 1 +\yaqI 'b\ Z1b*VD ˚abn 1k

�1 ; >>> h1W\,1VE V\b\`m1 ]`\O

/\W3*pb aWd3Sbn YZ1D � Y1Zq 1abn ,*3OZ\1 4*/*ZS1 /Wq b1+qIx �*V bm /dY*1jnE\+`*/\,*Waq WS WnqE V\-/* ob\ daWmOj*WH��1Yd Ym dhSYaq S4 b\-\E hb\ aWdO

hSW\an a Wn�1yH� 1 +\yaq S Z1 hd,O

ab,dy a1+q \/SZ\VSYD �\YZSE hb\ d b1+q1abn /`d4nqE V\b\`m1 Wp+qb �1-\,d S b1+qD 1 4*+m,*yE �1-\,* \h1Zn aSWnZmy S ,a1O-/* b1+1 ]\Y\31bD `*,/* 31 ]`SqbZ\4Z*bnE hb\ bm Z1 \/SZ\VH�

�� ���%B

ˇ �\VW\ZqW\an WS �1-\,1 +\WnjSZab,\Wp/1y , /ZS �WnSH �\Yd \ZS]\VW\ZqWSanH

ˇ �\h1Yd �Wnq d+13*W S a]`qb*Waq, ]1k1`1H

ˇ �b\ �1-\,* aV*4*W �Wn1H

ˇ �1Yd Ym dhSYaq S4 b\-\E hb\ aWdhSW\ana �Wn

�1yH

�*V 1-\,*]\Y\- Wn1H

�a1-/* WS W1-V\ ]\abd]*bn ]`*,SWnOZ\H� �Z\-SY Wp/qY Z1 ,a1-/*D � �S+OWSS `*aaV*4m,*1baq \ b\YE hb\ ob\ +mW\\a\+1ZZ\ Z1]`\ab\ /Wq Y*WnhSV* ]\ SY1ZS�\aSqD \ d Z1-\ +mWS f\`\jS1 /`d4nqE V\Ob\`m1 ]\Y\-*WS 1YdD ˙*,*y ]\+WS31 ]\O4Z*V\YSYaq a �\aS1y S a 1-\ /`d4nqYSD� a\3*W1ZSpE 1-\ \b1g �Y

‹\ZE V\b\`my

+mW Sd/1yaVSY g*`1YE ]\abd]*W \h1Zn]W\f\ S ]\VW\ZqWaq S/\W*YD �\-/* �Y\ZdY1`E �\aSq ab*W g*`

�1Y ,Y1ab\ Z1-\D \-O

/* 1Yd +mW\ ,a1-\ ,\a1Yn W1bI �b*W WS\aSq b*VSY 31 ]W\fSYE V*V 1-\ \b1gH�*V bm /dY*1jnH� �\,a1 Z1bI�\aSq ,a1-/* ab*`*Waq aWdj*bnaq �1-\O

,dE /*31 V\-/* +mW 1k�1 Y*W1ZnVSYD �\oO

b\Yd \Z ,m+S`*W /`d41y b\WnV\ S4 b1fE Vb\

Wp+SW �1-\,dD �ZS ]\Y\-*WS �\aSS ]\Oabd]*bn ]`*,SWnZ\D �b\ 31 +mWS 1-\ /`dO4nqH�/Z\-\ S4 1-\ /`d41y 4,*WS �\e

‹\ZSqD

�Z +mW ]`\`\V\YD �Z ]`1/d]`13/*W 3SOb1W1y �

‹d/mE hb\ 1aWS \ZS +d/db ]\VW\ZqbnO

8 � ‹\aSS +mWS

f\`\jS1 /`d4nq

�����•�˚ � ���˚•���

6 �1b\]San 77B65P69C78B5E 6C 79B69

�\e\ZSq ]`S4m,*W Wp/1yZ1 ]\VW\Zqbnaq S/\W*Y

18

aq S/\W*YE b\ Sf ]\abS-Z1b +1/*D �\aSqaWdj*W �\e\ZSp S ]\VW\ZqWaq Z1 S/\W*YE* �1-\,1D˚k

�1 �\aSq /`d3SW a �1`1Y

‹S1yD �ZS

+mWS ]`SY1`Z\ \/Z\-\ ,\4`*ab* S , /1bOab,1 3SWS Z1/*W1V\ /`d- \b /`d-*D �ZSb*V /`d3SWSE hb\E V\-/*�\aSq dY1`E �1`1OYSq a\hSZSW ]1aZpD � Z1y -\,\`SW\anE V*V\Z ]\ Z1Yd b\aV\,*WD �1`1YSq S �\aSq ]\OY\-*WS /`d- /`d-d ]\abd]*bn ]`*,SWnZ\ SaWdj*bnaq �1-\,dD�1Yd YmY\31Y Z*dhSbnaq Z* ]`SY1O

`1 \aSSH� �\aSq ,a1-/* ab*`*Waq ]\Oabd]*bn ]`*,SWnZ\E /*31 V\-/* +mW `1O+�1ZV\YD �Z 4Z*WE hb\ ,*3Z\ /`d3Sbnb\WnV\ a b1YSE Vb\ Wp+Sb �1-\,dD �b*`*yOaq b\31 ,m+S`*bn /`d41y S4 b1fE Vb\ Wp+Sb�1-\,dD �ZS ]\Y\-db b1+1 ,a1-/* ]\abdO]*bn ]`*,SWnZ\I

�� ���%B ˇ �b\ +mW \bg\Y �\aSSH �\abd]*W WS \Z ]`*,SWnZ\H

ˇ �b\ ab*`*Waq /1W*bn �\aSqE /*31 V\-/* +mW Y*W1ZnVSYY*WnhSV\YH

ˇ �*V 4,*WS /,df /`d41y �\aSSH

ˇ �1Yd Z*a dhSb ]`SY1` �\aSSH

1`1YSq S \aSq ]\Y\-*WS /`d- /`d-d]\abd]*bn ]`*,SWnZ\

19

�\-/* Ym `*aaV*4m,*1Y Wp/qY \+ �1O-\,1E \ZS ]\`\y aY1pbaq Z*/ Z*YS S /*O31 a1`/qbaq Z* Z*aD �4O4* ob\-\ Ym Y\O31Y Sa]d-*bnaq S ]1`1ab*bn -\,\`Sbn \�\-1D � a b\+\y V\-/*OZS+d/n aWdh*W\anb*V\1H� � �S+WSS -\,\`Sbaq \+ \/Z\YpZ\j1E V\b\`my Wp+SW �1-\,dD �/Z*3/m\Z hdbn +mW\ Z1 ]1`1ab*W -\,\`Sbn \ Z

�1YD

'b\-\ pZ\jd 4,*WS �1`1Y‹SqD ˙*,*y d4Z*O

1Y \ Z�1Y ]\+\Wnj1D

�1-\,* ]\,1W1W Y\W\/\Yd �1`1YSS -\O,\`Sbn Wp/qY \ b\YE hb\+m \ZS ]1`1ab*OWS /1W*bn ]W\fS1 /1W*D 'b\ 4*/*ZS1 ]\V*O4*W\an �1`1YSS \h1Zn b`d/ZmYE S \ZSa]d-*WaqD �1`1YSq aV*4*W �1-\,1B w) Z1dY1p -\,\`SbnE q aWSjV\YY\W\/xD \ �1O-\,* \b,1bSW 1YdB w 1 +\yaqD ) ]\Y\-db1+1xD

9 1`1YSq Z1 ]`1V`*k*W-\,\`Sbn \+ 1-\,1

�����•�˚ � ���˚•���

�1`1YSq 5B8P<C 6>B;P=C6:B<P5=E 68C 7<B:P57

\h1Yd Wp/S a1`/SWSan Z* 1`1YSpH

20

� b\-/* �1`1YSq Z*h*W ]`1/d]`13/*bnWp/1y \ b\YE hb\E 1aWS \ZS Z1 Sa]`*,qbaqESf 3/

�1b Z*V*4*ZS1D �*V bm /dY*1jnE

]`SaWdj*WSan WS Wp/S V aW\,*Y 1`1OYSSH� 1bD �ZS ab*WS aY1qbnaq Z*/ZSY S \h1Zn `*4\4WSWSan Z* Z1-\D 1V\Ob\`m1 /*31 4*f\b1WS 1-\ d+SbnI �*V bm /dOY*1jnE hb\ hd,ab,\,*W 1`1YSqH� �ZSa]d-*Waq S aV*4*WB w) +\Wnj1 Z1 +d/d -\O,\`Sbn \+ �1-\,1xD 1d31WS 1`1YSq S,]`*,/d a/*Waq S 4*Y\Wh*WH� �\Z1hOZ\ 31E Z1bD �Z Wp+SW �1-\,d b*V aSWnZ\Ehb\ f\b1W -\,\`Sbn \ Z

�1YD � ]\aV\WnVd �1O

`1YSq Z1 a/*,*WaqE �1-\,* 4*kSk*W 1-\D�/Z*3/m 4Wm1 Wp/S +`\aSWS �1`1YSp

, -Wd+\VdpE ]\WZdp -`q4S qYdD ˚Yd Z1 /*O,*WS ZS ,\/mE ZS ]SkSD �ZS f\b1WSE hb\+m�1`1YSq b*Y dY1`D \ �1-\,* ]\Y\- �1O`1YSS a]*abSanD�1Yd b1+q Y\31b Z*dhSbn ]`SY1` 1O

`1YSSH� �\bq �1`1YSq SZ\-/* S +\qWOaq -\,\`Sbn \+ �1-\,1E \Z Z1 ]`1V`*k*Wob\ /1W*bnD �\-/* bm +d/1jn `*aaV*4mO,*bn /`d-SY \+�1-\,1E V\YdOb\ ob\ Y\31bZ1 ]\Z`*,SbnaqD */ b\+\y /*31 Y\-dbaY1qbnaqD �\4Y\3Z\E bm +d/1jn ab1aOZqbnaq SWS b1+1 +d/1b ab`*jZ\D \ ZSV\-O/* Z1 ]`1V`*k*y -\,\`Sbn \+ �1-\,1I �\-,a1-/* ]\Y\31b b1+1E V*V \Z ]\Y\-*W �1O`1YSSD

�� ���%B ˇ �*V\1 4*/*ZS1 �1-\,* /*W �1`1YSSH

ˇ �\h1Yd �1`1YSq hdbn +mW\ Z1 ]1`1ab*W -\,\`Sbn \+ �1-\,1H

ˇ �*V �1-\,* ]\Y\-*W �1`1YSSH

ˇ �1Yd Ym dhSYaq Z* ]`SY1`1 �1`1YSSH

1-\,* a]*a 1`1YSp

21

�1-V\ WS b1+1 ,a1-/* aWdj*bnaq `\/SOb1W1yH� 1bD � 4Z*1jn WS bmE hb\ Sada,a1-/* aWdj*Waq V*V 1-\,dE b*V S a,\OSf `\/Sb1W1yH� ˚-\ ]`SY1` ]\Y\31bb1+1 aWdj*bnaq Y*Yd S ]*]dE /*31 V\-/*ob\ Z1W1-V\D ˙*,*y d4Z

‹*1Y +\Wnj1 \+ �SO

ada1D˙\ b\-\ V*V �Sada ]`Sj

�1W Z* 41YWpE

\Z 3SW Z* Z1+1 a\ a,\SY �bg\YE �1-\O,\yD * 41YW1 d �Sada* b\31 +mWS `\/Sb1OWSD �f 4,*WS �

‹\aSe S �*`

‹SqD ˛Z*1jnE V*V

\ZS ab*WS `\/Sb1WqYS Sada*H��1-\,* ,4qW 3S4Zn �Sada*E V\b\`my 3SW

Z* Z1+1E S ]\Y1abSW 1�1 ,Zdb`n �*`SSD \-O

/* �Sada aY\- `\/Sbnaq V*V h1W\,1V Sab*W 3Sbn Z* 41YW1D 'b\ +mW\ Z*ab\qk11hd/\I �Sada `\a ,Zdb`S �*`SSE b*V 31 V*V

,a1 /`d-S1 /1bS `*abdb ,Zdb`S a,\Sf Y*YD�`SY1`Z\ h1`14 /1,qbn Y1aqg1, \Z ]\qO,SWaq Z* a,1bD *V �*`Sq S 1

�1 Yd3 �\aSe

ab*WS 41YZmYS `\/Sb1WqYS �Sada*D�\-/* �Sadad +mW\ ,a1-\ 56 W1bE \/SZ

aWdh*y ]\V*4*WE V*V aSWnZ\ \Z Wp+Sb a,\1O-\ �bg*E �1-\,dD 'b\ ]`\S4\jW\ ]\aW1 b\O-\E V*V �Sada S 1-\ `\/Zm1 ]\+m,*WS ,�1`da*W

‹SY1 Z* ]`*4/ZSV1 �

‹*afSD �\ /\O

`\-1 /\Y\y �\aSe S �*`Sq \+Z*`d3SWSEhb\ �Sada* Z1b `q/\YD �ZS ZS-/1 Z1 Y\-WS1-\ Z*ybSD \]`\+dy /\-*/*bnaqE -/1 \Z+mWH��\aSe S �*`Sq a`*4d ,1`ZdWSan , �1O

`da*WSY S ab*WS ,14/1 SaV*bn �Sada*D �ZS\h1Zn ,\WZ\,*WSanE ]\aV\WnVd ZSV*V Z1Y\-WS 1-\ Z*ybSD \ h1`14 b`S /Zq \ZSd,S/1WS 1-\ , f`*Y1I ˛Z*1jnE ]\h1Yd SOada +mW , f`*Y1H� �\b\Yd hb\ b*Y \ZY\- +\Wnj1 d4Z*bn \ a,\

�1Y �bg1E �1-\O

,1D �Sada Wp+SW �1-\,d S f\b1W 4Z*bnE V*V1-\ `*/\,*bnD �Z ,a1-/* aWdj*Waq �1-\,dE/*31 V\-/* ab*W ,4`\aWmYD �Sada ]\abdO]*W b*VE f\bq ]\`\y ob\ +mW\ 1Yd Z1W1-V\D�Wdj*qan �\-*E \Z /*31 +mW -\b\, ]\Oab`*/*bnD � aWdj*Waq WS \Z b*V31 \OaSe* S �*`SpH� �S+WSq -\,\`SbE hb\ /*D�1Yd b1+q dhSb ]`SY1` Sada*H�

d3Z\ aWdj*bnaq `\/Sb1W1yE /*31 V\-/*ob\ b`d/Z\D �d/1jn WS bm ab*`*bnaq b*V]\abd]*bnH�

10 Sada ,a1-/* +mW]\aWdjZmY

�����•�˚ � ���˚•���

�dVS 5B7>P79C 6B89P96'e1aqZ*Y :B5˚,`1qY 9B<

22

�� ���%B ˇ �*V �\aSe S �*`Sq ab*WS 41YZmYS `\/Sb1WqYS �Sada*H

ˇ �/1 �\aSe S �*`Sq Z*jWS ]\b1`q,j1-\aq �Sada*H

ˇ �1Yd b1+q Y\31b Z*dhSbn ]`SY1` �Sada*H

\h1Yd Sada +mW , f`*Y1H

23

�S/Sjn obSf Wp/1y Z* V*`bSZV1H�'b\�*be‹1yE �*`VE

�dV‹*E �\

‹*ZZE �

�1b`E �

‹*V\,E �

‹d/* S �

‹*,1WD 'bS Yd3hSZm

3SWS , \/Z\ ,`1Yq a �Sada\Y �`Sab\Y S Z*]Sa*WS \ 1-\3S4ZSD ˙*,*y d4Z*1Y \ ZSf ]\+\Wnj1D`\1 S4 obSf Yd3hSZ +mWS *]\ab\W*YS S ]`\]\,1/\,*WS

,Y1ab1 a �Sada\YD �\31jn Z*4,*bn Sf ]\ SY1Z*YH�'b\ �*be1yE �\*ZZ S �

�1b`D �]\ab\Wm �*be1y S \*ZZ

f\`\j\ 4Z*WS �Sada*E S V*3/my S4 ZSf Z*]Sa*W VZS-d \ 1-\

11 �ZS ]Sa*WS \+ Sada1

d/*

�*`V

�1b`

�*be1y

*,1W

*V\,

�dV*

\*ZZ

�b\ bm 4Z*1jn\+ obSf Wp/qfH

24

3S4ZSD �]\ab\W �\*ZZ 1k�1 Z*]Sa*W VZS-d

�bV`\,1ZS1 S b`S ]SanY*B �1`,\1E �b\`\1S `1bn1 �\*ZZ*D �]\ab\W

�1b` b\31 Z*O

]Sa*W /,* ]SanY*E V\b\`m1 +mWS ,VWph1OZm , �S+WSpB �1`,\1 S �b\`\1 �1b`*D �4�b\`\-\ ]SanY* �1b`* Ym d4Z*

�1Y \ b\YE

hb\ �1-\,* aV*4*W a Z1+* \+ �Sada1 b*VS1aW\,*B w'b\ Y\y Wp+SYmy amZD ) SY -\`O3danIx˙`d-S1 Wp/SE V\b\`mf bm ,S/Sjn Z*

V*`bSZV1E b\31 `*aaV*4*WS \+ �Sada1 ,a,\Sf VZS-*fD �/Z\-\ S4 ZSf 4,*WS �*`VD�1`\qbZ\E \Z a*Y ,S/1WE V*V �Sada* ,4qWS]\/ ab`*3dD ˙`d-\-\ 4,*WS �dV*D �Z +mW,`*h\Y SE aV\`11 ,a1-\E ab*W f`SabS*ZSOZ\Y d31 ]\aW1 aY1`bS �Sada*D˙,\1 /`d-Sf Yd3hSZE V\b\`m1 ]Sa*WS

\+ �Sada1E +mWS 1-\ YW*/jSYS +`*bnqYSD˛Z*1jn WS bm Sf SY1Z*H� �f 4,*WS *OV\, S d/*D �Z*h*W* \ZS Z1 ,1`SWS , �SOada*D �ZS /*31 /dY*WSE hb\ \Z a\j

�1W

a dY*D \ ]\b\Y \ZS ]\,1`SWS , Z1-\ S ab*OWS f`SabS*Z*YSD�\aW1/ZSy h1W\,1V S4 b1fE V\-\ bm

,S/Sjn Z* V*`bSZV1EP ob\ *,1WD ˙\ b\O-\ V*V \Z ab*W f`SabS*ZSZ\YE 1-\ 4,*WS�*,WD �Z Z1Z*,S/1W f`SabS*Z S \h1Zn ]W\O

f\ a ZSYS \+`*k*WaqD ˛Z*1jn WS bmE ]\Oh1Yd *,1W ab*W f`SabS*ZSZ\YH� �/OZ*3/mE V\-/* �*,1W j

�1W , ˙*Y

‹*aVE \Z

Z1\3S/*ZZ\ daWmj*W -\W\a a Z1+*D 'b\+mW -\W\a �Sada*I �Z a]`\aSW �*,W*Bw�\h1Yd bm b*V ]W\f\ ]\abd]*1jn a b1YSEVb\ ,1`Sb , Y1ZqHx 'bS aW\,* �Sada* ]\O+d/SWS �*,W* S4Y1ZSbnaqE S \Z ab*W f`SOabS*ZSZ\YD �*,1W Z*]Sa*W 58 +S+W1yaVSfVZS-E Z*hSZ*q a �SanY* `

‹SYWqZ*Y S 4*O

V*ZhS,*q �SanY\Y 1,`‹1qYD

�m hSb*1Y �S+WSp V*3/my /1ZnE b*V,1/nH� �\-/* Ym hSb*1Y �S+WSpE YmYZ\-\1 d4Z*

�1Y \+ �Sada1D � f\h1jn WS

bm +\Wnj1 d4Z*bn \ Z�1YH�

�� ���%B ˇ �b\ S4 *]\ab\W\, ]Sa*W \+ �Sada1H

ˇ �*V 4,*WS /,df +`*bn1, �Sada*E V\b\`m1 ]Sa*WS �S+WSpH

ˇ �*V �*,1W ab*W f`SabS*ZSZ\YH

�����•�˚� ���˚• ���

6 �1b`* 5B5:P5<�*`V* 7B65C 58B95�d/m 5˙1qZSq =B5P5<

25

˙*,*y d4Z*1Y \ pZ\j1E V\b\`my a]*a3S4Zn a,\1Yd /q/1 P *]\ab\Wd �*,WdD�m Z1 4Z*1YE V*V 4,*WS ob\-\ Y\W\/\-\h1W\,1V*E Z\ Z*Y S4,1abZ\E hb\ \Z a\,1`OjSW \/SZ \h1Zn aY1Wmy ]\abd]\VD �\h1jnd4Z*bnE hb\ \Z a/1W*WH��]\ab\W �*,1W Z*f\/SWaq , bp`nY1 ,

�1`da*WSY1D �Z ]\]*W bd/* 4* b\E hb\ ]`\O]\,1/\,*W \+ �Sada1D �W\fS1 Wp/S Z1Z*O,S/1WS �*,W* S ]`S/dY*WS V\,*`Zmy]W*ZD �ZS /\-\,\`SWSanB w˙*,*yb1 aV*O31Y ,\1Z*h*WnZSVdE hb\+m \Z ,1W1W a,\SY,\SZ*Y ]`S,1abS �*,W* , ad/D � Ym a]`qOh1Yaq ,\4W1 /\`\-SD � V\-/* �*,1W +d/1b]`\f\/Sbn YSY\E Ym Z* Z1-\ Z*]*/

�1YIx

�+ ob\Y d4Z*W ]W1YqZZSV *]\ab\W*�*,W*D �*V 31 \Z ]\abd]SWH �Z ]\j

�1W ,

bp`nYd V a,\1Yd /q/1 S \+\ ,a�1Y 1Yd

`*aaV*4*WD �*,1W bdb 31 ,1W1W 1Yd ]\ybSV ,\1Z*h*WnZSVd S a\\+kSbn \ V\,*`Z\Y]W*Z1D �*V bm /dY*1jnE +mW\ WS ]W1OYqZZSVd *,W* W1-V\ `*4-\,*`S,*bna ,\1Z*h*WnZSV\YH� �\Z1hZ\ 31E Z1bD�1/n ,\1Z*h*WnZSV 4*ZSY*W ,ma\V\1 ]\OW\31ZS1D \ ob\b pZ\j* +mW aY1WmY S,a�1 1Yd `*aaV*4*WD�\1Z*h*WnZSV b\hZ\ 4Z*WE hb\ Zd3Z\ /1O

W*bnD �Z a\+`*W ]\hbS 9>> ,\SZ\,E hb\+m\ZS 4*kSk*WS *]\ab\W* �*,W*E S ,1W1W SYb\y 31 Z\hnp \b,1abS 1-\ , �1a

‹*`SpD �Y\-

WS *,1W a]*abSanH� ˙*D �W\fS1 Wp/S]\+\qWSan Z* Z1-\ Z*]*abnD �f V\,*`Zmy]W*Z Z1 d/*WaqD�1Yd bm Y\31jn Z*dhSbnaq S4 ob\-\

`*aaV*4*H� m Y\31jn ab*bn b*VSY 31aY1WmYE V*V ]W1YqZZSV *]\ab\W* �*,W*D�Y1W\abn \h1Zn Zd3Z* Z*YE V\-/* Ym `*aOaV*4m,*1Y /`d-SY \+ �1-\,1D �d/1jn WSbm aY1W\ -\,\`Sbn \+ 1-\,1H� ˚aWS/*E bmE ,\4Y\3Z\E a]*a

�1jn hnpOb\ 3S4ZnD

12 �Y1Wmy pZ\j*

�����•�˚ � ���˚•���

˙1qZSq 67B56P68�*be1q 68B58C 6<B5<P6>5 SY\e1p 8B5:

26

�� ���%B ˇ �b\ ]W\fS1 Wp/S f\b1WS a/1W*bn a *]\ab\W\Y �*,W\YH

ˇ �*V ]\abd]SW ]W1YqZZSV �*,W*H �\h1Yd ob\ +mW aY1Wmy ]\abd]\VH

ˇ �*V bm Y\31jn +`*bn ]`SY1` a ob\-\ pZ\jSH

(Z\j* `*aaV*4*W \ V\,*`Z\Y ]W*Z1 a,\1Yd /q/1P *]\ab\Wd *,WdE* b*V31 ,\1Z*h*WnZSVd

27

SY\e1y +mW Y\W\/mY h1W\,1V\YE V\Ob\`my a `*/\abnp ]\Y\-*W Wp/qYD � ob\yg1Wnp \Z YZ\-\ ]db1j1ab,\,*WE S 1-\3S4Zn +mW* \h1Zn SZb1`1aZ\yD �\b1W +mbm d4Z*bn \ Z

�1YH�

SY\e1y ,m`\a , -\`\/1 �‹Sab`*D �\-/*

\Z +mW 1k�1 Y*W1ZnVSYE 1-\ +*+djV* �\

‹SO

/* S Y*Y* ˚,Z‹SV* `*aaV*4m,*WS 1Yd \+

�1-\,1D �\-/* SY\e1y ]\,4`\aW1WE \Z4*f\b1W ]\Y\-*bn /`d-SY d4Z*,*bn \+ �1O-\,1D�\-/* SY\e1y +mW 1k

�1 pZ\j1yE *]\O

ab\W �*,1W ]`S-W*aSW 1-\ ]`\]\,1/\,*bn,Y1ab1 a ZSY +W*-dp ,1abn , /*WnZSfab`*Z*fD SY\e1y a`*4d aV*4*WB w) a\-W*Oa1ZIx �Z +mW -\b\, ]\Y\-*bn /`d-SYD

13 �SY\e‹1y ab`1YSWaq

]\Y\-*bn Wp/qY

�*Y* S +*+djV* �SY\e1q `*aaV*4m,*WS 1Yd \+ 1-\,1

SY\e1y \b]`*,SWaq ,Y1ab1 a �*,W\Y, Y*V1/\ZaVSy -\`\/ �1aa*W

‹\ZSV*D �b\O

+m /\+`*bnaq bd/*E \ZS aZ*h*W* /\W-\jWS ]1jV\YE * ]\b\Y ]WmWS Z* V\`*+W1D� �1aa*W\ZSV1 �*,1W S SY\e1y ]\Y\-OWS YZ\-SY Wp/qY d4Z*bn \+ �1-\,1D �/Z*OV\ Z1V\b\`mY 3Sb1WqY �1aa*W\ZSVS ob\\h1Zn Z1 ]\Z`*,SW\anD �ZS f\b1WS Z*]*abnZ* �*,W* S 1-\ a]dbZSV\,D �\ob\Yd SY]`SjW\an dybS S4 ob\-\ -\`\/* S ]`\]\,1O/\,*bn , /`d-Sf Y1ab*fD�1`14 Z1aV\WnV\ Y1aqg1, �*,1W ]\]`\O

aSW SY\e1q aZ\,* ]\ybS , �1aa*W\ZSVd S]\//1`3*bn b*Y Z\,mf +`*bn1,D �b\+m,1`Zdbnaq , b\b -\`\/E Zd3Z* +mW* +\WnOj*q aY1W\abnI �/Z*V\ SY\e1y Z1 Sa]dO-*WaqD �Z ]\j

�1W , �1aa*W\ZSVdE ]\aV\WnVd

+1a]\V\SWaq 4* a\,1`dpkSfE V\b\`m1 b*Y3SWSD � 1-\ daSWSq ,\4Z*-`*/SWSanD �Z]`SZ1a *]\ab\Wd �*,Wd `*/\abZdp ,1abn\ b\YE hb\ +`*bnq , �1aa*W\ZSV1 SY1WSV`1]Vdp ,1`dISY\e1y aWd3SW a �*,W\Y YZ\-S1 -\O

/mD �/Z*3/m�*,1W Z*]Sa*WE hb\ SY\e1yWdhj1E h1Y Vb\OWS+\ /`d-\yE aY\- ]\4*+\ObSbnaq \ a\+`*ZSqfD �1/n \Z \h1Zn Wp+SW�1-\,d S Wp/1yD� Wp+Sjn WS bm Wp/1y S f\h1jn WS

`*aaV*4m,*bn SY \+ 1-\,1H� ˚aWS /*Eb\ b,\q 3S4Zn +d/1b b*V\y 31 ah*abWS,\yS SZb1`1aZ\yE V*V d SY\e1qI

�� ���%B ˇ �/1 ,m`\a SY\e1yH

ˇ �\b1W WS SY\e1y ]db1j1ab,\,*bn a *]\ab\W\Y �*,W\YH �\h1YdH

ˇ �\h1Yd SY\e1y aZ\,* ]\j�1W , �1aa*W\ZSVdH

ˇ �W*-\/*`q h1Yd b,\q 3S4Zn Y\31b +mbn b*V\y 31 ah*abWS,\yS SZb1`1aZ\yE V*V d SY\e1qH

�����•�˚� ���˚• ���

6 SY\e1p 5B9C 7B59˙1qZSq 5:B5P9C 5;B5P5>5 �1aa*W\ZSVSyg*Y 7B6P;�SWS]]Syg*Y 6B5=P66

˝S4Zn �SY\e1q +mW* ah*abWS,\yS SZb1`1aZ\y

29

˙\-*/*Waq WS bmE \ V*V\Y �*`ab,1 ]\yO/1b `1hnH� �\Z1hZ\E \ �*`ab,1 �\-*E+W*-\/*`q V\b\`\Yd Z*j* ]W*Z1b* ab*Z1b`*1YD �\h1jnE +\Wnj1 d4Z

‹*1Y \+ ob\Y

�*`ab,1H�� V*3/\Y g*`ab,1 1abn g*`nE V\b\`my

]`*,Sb a,\SY Z*`\/\YD ˛Z*1jn WS bmEVb\ �*`n , �*`ab,1 �\-*H� 'b\ �Sada�`Sab\aD �Z 3S,

�1b Z* Z1+1D � aV\`\ \Z +dO

/1b ]`*,Sbn ,a1YS Wp/nYSE V\b\`m1 3SO,db Z* 41YW1I �*V bm /dY*1jnE +d/1Y WSYm ah*abWS,mE V\-/* Sada ab*Z1b �*O`�1Y Z*/ ,a1y 41YW

�1yH�

˙*E Ym +d/1Y \h1Zn ah*abWS,mI � *pWp/S +\Wnj1 Z1 ab*Zdb ,\1,*bnE \ZS +dO/db Wp+Sbn /`d- /`d-*D SVb\ Z1 +d/1b +\OW1bn S dYS`*bnD �W1]m1 ab*Zdb ,S/1bnE-WdfS1 P aWmj*bnE * Vb\ Z1 Y\31b f\O/SbnE aY\31b Z*V\Z1g +1-*bn S /*31 ]`mO-*bnD � ,a1f Wp/1y +d/1b YZ\-\ ,VdaZ\y1/mD ˝S,\bZm1 ab*Zdb Z*jSYS /`d4nqYS S+d/db YS`Z\ 3Sbn /`d- a /`d-\YD 1E Vb\dY1`E aZ\,* +d/db 3SbnD �\aV`1aZdb YZ\O-S1 Wp/SE \ V\b\`mf bm d4Z*W S4 ob\y +`\Ojp`mE Z*]`SY1` 1,

‹1VV*E *

‹*,E �Wn

‹q S

˙*,‹S/D �\b1W +m bm Sf d,S/1bnH�

14 �*`ab,\E V\b\`\1 +d/1b]`*,Sbn ,a1y 41YW

�1y

30

�1-\,* Wp+Sb b1+q S f\h1bE hb\+m bm +mWah*abWS,D ˚aWS bm +d/1jn S /*Wnj1 d4Z*O,*bn \+ �1-\,1 S aWdj*bnaq 1-\E bm aY\O31jn 3Sbn ,1hZ\ , ]`1V`*aZ\Y `*pI �\Oh1jn WS bm ob\-\H�

�� ���%B ˇ �b\ �*`n , �*`ab,1 �\-*H

ˇ �1Y +d/1b ]`*,Sbn �SadaH

ˇ �*V\y +d/1b 3S4Zn ]\/ ]`*,W1ZS1Y �Sada*H

ˇ �b\ b1+1 Zd3Z\ /1W*bnE 1aWS bm f\h1jn 3Sbn ,1hZ\ , *pH

�����•�˚ � ���˚•���

�a*Sq 6B8C 55B:P=C69B<C 77B68C 79B9E :�\*ZZ* 9B6<E 6=C 5;B7

�1-\ bm +\Wnj1 ,a1-\ 3/�1jnE V\-/*

/dY*1jn \ 3S4ZS , �*pH

31

yc-U

14

05

21

� 2014Watch Tower Bible and Tract Society of Pennsylvania�+dh*yb1 a,\Sf /1b1y

�4/*b1Wnab,\

Watchtower Bible and Tract Society of New York, IncDBrooklyn, New York, U.S.A.�4/*ZS1B e1,`*Wn 6>58 -\/*

�1a]W*bZ\D 'b\ S4/*ZS1 P h*abn ,a1YS`Z\y +S+W1yaV\y]`\a,1bSb1WnZ\y /1qb1WnZ\abSE V\b\`*q ]`\,\/Sbaqf`SabS*ZaVSYS �,S/1b1WqYS �1-\,m S ]\//1`3S,*1baq/\+`\,\WnZmYS ]\31`b,\,*ZSqYS

˚aWS Z1 dV*4*Z\ SZ*h1E +S+W1yaVS1 gSb*bm ,4qbm S4w�,qk1ZZ\-\ �Sa*ZSq P �1`1,\/* Z\,\-\ YS`*x

Teach Your ChildrenRussian (yc-U)Made in Britain by Watch Tower Bible and Tract Society of Britain(Registered in England as a Charity)�/1W*Z\ , �1WSV\+`Sb*ZSS