laplantine benveniste poetique de la theorie

328
!"#$% '()#(*+,*- ./,#- 0-*1-*,2+- 3 )$%+,45- 6- #( +"%$7,- 859#,:(+,$* -+ +7(*2:7,)+,$* 6-2 /(*52:7,+2 ,*%6,+2 6;5*- )$%+,45- 6- 0(56-#(,7-< =">2- 6- ?$:+$7(+ 2$52 #( 6,7-:+,$* 6- @%7(76 ?-22$*2 A57B 3 @%7(76 ?-22$*2 C-*7, D-2:"$**,: !"7,2+,(* 85-:" A%7E/- F$G-7 H*,1-72,+% 8(7,2 I J,*:-**-2 K L(,*+M?-*,2 .:$#- ?$:+$7(#- !"#$%&'() ($ $+,-"%() .' )(/) N$1-/97- OPPI

Upload: qhanachiri

Post on 20-Oct-2015

56 views

Category:

Documents


1 download

TRANSCRIPT

!"#$%&'()#(*+,*-

./,#-&0-*1-*,2+-&3)$%+,45-&6-&#(&+"%$7,-859#,:(+,$*&-+&+7(*2:7,)+,$*&6-2&/(*52:7,+2&,*%6,+26;5*-&)$%+,45-&6-&0(56-#(,7-<

=">2-&6-&?$:+$7(+&2$52&#(&6,7-:+,$*&6-&@%7(76&?-22$*2

A57B&3@%7(76&?-22$*2C-*7,&D-2:"$**,:!"7,2+,(*&85-:"A%7E/-&F$G-7

H*,1-72,+%&8(7,2&I&&&J,*:-**-2&K&L(,*+M?-*,2.:$#-&?$:+$7(#-&!"#$%&'()*($*$+,-"%()*.'*)(/)N$1-/97-&OPPI

!

"

F-/-7:,-/-*+2

#$%&$'$&()$%*+&,&-%.$//01/%23)%,%,((0'4,51+%'01%6&,7,)8%-3&,16%6036%8$%6$'4/

-$%($66$%69:/$;

#$%&$'$&()$%<$1&)%=$/(9011)(>%/,1/%23)%&)$1%1?,3&,)6%+6+%40//)@8$>%6,16%)8%4$&'$6

4,&%/01%6&,7,)8%31$%8$(63&$%-$%A$17$1)/6$;%=01%6&,7,)8%1$%B,)6%23$%4&08015$&>%-3%'0)1/

C$% 8?$/4:&$>% /01% $BB0&6% -$43)/% 23,&,16$% ,1/% 403&% 4$1/$&% 31$% 40+6)23$% $6% 31$

,169&040805)$%9)/60&)23$%-3%8,15,5$;%#$%8$%&$'$&()$%-$%/$/%$1(03&,5$'$16/;

#$% &$'$&()$%=)(9$8%D-1:/>%D1-&$E%F,/6',1>%G,6&)($%A$&,H>%A,&@,&,% #,16I$1>

J/,@$88,%K9$((,58)1)>%J/,@$88$%A,@)1>%K8,)&$%L0/+>%F6)$11$%.0@$1$/23$>%J/,@$88$%.,7H%M

8$/%-)/(3//)01/>%8?,BB$(6)01>%016%+6+%8$%40)16%-$%-+4,&6%-$%'01%6&,7,)8;

% #$% &$'$&()$% =09,'',-% .C,B,&% =0N1B,&% 23)% '?,% ')/$% /3&% 8,% 4)/6$% -$/

',13/(&)6/%-$%A$17$1)/6$%$6%23)%'?,%B,)6%(01B),1($;

#$% &$'$&()$% =01)23$% K09$1>% O9)$&&H% .$8(03&6>% D11$PQ049)$% .$89,H$% -$% 8,

A)@8)069:23$%1,6)01,8$%-$%R&,1($>%K8,)&$%*366)15$&%-$/%D&(9)7$/%-3%K088:5$%-$%R&,1($;

#$% &$'$&()$% #$,1PK8,3-$% K9$7,8)$&>% K8,)&$% #03@$&6% 403&% 8$3&% @)$17$)88,1($% $6

8$3&/%$1(03&,5$'$16/;

#$% &$'$&()$% 8$/% $1/$)51,16/% -3% .+4,&6$'$16% -$% S)66+&,63&$% R&,1T,)/$% -$

8?U1)7$&/)6+%G,&)/%V;

#$% &$'$&()$%R&,1T0)/% $6%R&,1T0)/$>%S+01>% #$,1>%D11$% $6%W,7)$&>%F'',13$8% $6

F'',13$88$>%<,1/%$6%*)/:8$>%G)$&&$%$6%*E$1>%R&,1T0)/$>%F8)/,@$69;

X

Y

Q1(*+M)7$)$2<

D3%(0''$1($'$16%-$%($66$% 69:/$>%$1% C3)1%!ZZ">% C$%1$%(011,)//,)/%4,/%$1(0&$

8$/%',13/(&)6/%-$%8,%40+6)23$%-$%A$17$1)/6$>%C$%/,7,)/%23?)8/%$[)/6,)$16;%#?,66$1-,)/%-$

&$1(016&$&%*$0&5$/%L$-,&->%23)%,88,)6%B)1,8$'$16>%\%',%-$',1-$>%&$'$66&$%($/%4,4)$&/%\

8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($%31$% ,11+$%483/% 6,&-;%.$43)/% 8,% B)1% !ZZ!>% C?,88,)/

&+538):&$'$16% 8)&$% $6% 6&,1/(&)&$% 8$/% ',13/(&)6/% 23$% 8,% A)@8)069:23$% (01/$&7,)6% -+C\

-$43)/% ]^_`>% ',)/% 23$% 4$&/011$% 1$% (01/386,)6;% .,1/% 8?,66$16$% -$/% ',13/(&)6/% -$

40+6)23$%C?,7,)/%(0''$1(+%\%B0&'$&%31%1037$,3%4&0C$6>%($83)%-$%6&,7,)88$&%/3&%8?,&6)(8$

a%S$% 8,15,5$% $6% 8?$[4+&)$1($% 93',)1$%b;% #?,7,)/% 6&,1/(&)6% 603/% 8$/% ',13/(&)6/% /$

&,440&6,16% \% ($6% ,&6)(8$>% C?,7,)/% (0''$1(+% \% +(&)&$;% F1% ,0c6% !ZZX>% 8$/%',13/(&)6/% -$

A$17$1)/6$% /3&% A,3-$8,)&$% /016% ,&&)7+/% \% 8,% A)@8)069:23$% 1,6)01,8$;% S$% 4&$')$&

/$16)'$16%23$%C?,)%$3%$6%23)%$/6%&$/6+%80156$'4/>%(?+6,)6%23$%C$%1$%8$/%(0'4&$1,)/%4,/;

A$17$1)/6$%4,&8,)6%-$%40+/)$%(0''$%a%)',5$%b%$6%a%+'06)01%b>%-$%a%8,15,5$%40+6)23$%b

$6% -$% a%8,15,5$% 0&-)1,)&$%b;%K?+6,)6% /3&4&$1,16;% #?,)% 6&,1/(&)6% 603/% ($/%',13/(&)6/% 6&:/

7)6$>% ',)/% C$% '$% /$16,)/% $1(0&$% 6&:/% )1(,4,@8$% -?$1% 4,&8$&;% #$% /3)/% &$603&1+$% 70)&

*$0&5$/%L$-,&-% $1% C,17)$&% !ZZY>% 23$823$/% C03&/% ,7,16% /,%'0&6;% K?$/6% 8\% 23$% C?,)% $3

$16&$% 8$/% ',)1/% -$/% 106$/% 23$% A$17$1)/6$% ,7,)6% 4&)/$/% 80&/% -$% /$/% -$3[% 70H,5$/% $1

D8,/d,%$1%]^Y!%$6%]^Y";%D3%'0)/%-?,7&)8%!ZZY%C$%'$%/3)/%&$1-3$%\%R,)&@,1d/%$1%D8,/d,

403&% (01/386$&% 8$/% !_% (,&1$6/% -?$123e6$% (01/$&7+/% -,1/% 8$/% ,&(9)7$/% -$% 8,% F8'$&% F;

L,/'3/01%S)@&,&H;%F1%&$7$1,16>%C?,)%(0''$1(+%\%+(&)&$%\%4&040/%-$%8?)1(01/()$16%-,1/

8$% 8,15,5$>% C$% 4$1/,)/% @$,3(034% \% Q,3//3&$>% C?,7,)/% (0'4&)/% 23$% 8$/% 4,&,5&,''$/

-$7,)$16% e6&$% 8$% 40)16% -$% -+4,&6% -?31$% &+B8$[)01% 8$% (01($&1,16;% D% ($8,% /?,C036,)6% \

4&+/$16% 403&%'0)% 8,% &+B8$[)01% -$% R&,1I% A0,/% $6% -?F-E,&-% Q,4)&>% 8,% 1+($//)6+% -$% 8$/

-+(037&)&>% -$% 8$/% 6&,-3)&$;% G$1-,16% 23$823$/%'0)/% C?,)% +(&)6% /3&% 8?)1(01/()$16% -,1/% 8$

8,15,5$>% C?,)% ,4$&T3% 23?)8% +6,)6% $//$16)$88$'$16% 23$/6)01% -?)1(01/()$16% -,1/% 8?,&6)(8$

a%K,6+50&)$/% -$% 4$1/+$% $6% (,6+50&)$/% -$% 8,153$%b>% 23?)8% B,88,)6% 7&,)'$16% &+3//)&% \% 8$

'016&$&;%=01%B)8/%S+01%$/6%1+;%F1%0(60@&$%!ZZ_>%C?,)%-+()-+%-$%&$4&$1-&$%8,%8$(63&$%-$

8,% 40+6)23$% -$%A$17$1)/6$% $6% -?+(&)&$;%D3% @036% -$% 23$823$/% 6$'4/% C?,)% (0'4&)/% 23?)8

/?,5)//,)6% -$% 8,% &$(9$&(9$% 8,% 483/% &)/23+$>% 8,% 483/% ,7,1(+$>% 8,% 483/% $15,5+$% 23$

A$17$1)/6$%,)6%+(&)6$;

Marcelo
Marcelo

`

_

!"#$%&'()'(%*+#&"#,-)'-"./(%*+#&"#%-%*0

R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%!"X;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%403&%=)(9$8%$6%S+01

V

^

R*+7$65:+,$*

*+&,&-%.$//01/% ,% -011+% /01% 6)6&$% \%',% 69:/$%,3% 6036% -+@36% -3% 6&,7,)8% 617-3(

8("9("-)'(#M%$&5'-4/(#,(#3*#':5&%-(;%#$%/,7,)/%23$%(?+6,)6%31%6)6&$%6&:/%B0&6;%S?0&)5)1,8)6+

-$%8,%-+',&(9$%-$%A$17$1)/6$%H%+6,)6%)'48)23+$;%D%4&+/$16%C$%(&0)/%23$%($66$%40+6)23$

-$%8,%69+0&)$%$/6%8$%&$5,&-%-016%A$17$1)/6$%103/%&$1-%(,4,@8$%/)%01%/,)6%8$%8)&$>%(?$/6%($

23$% 103/% ,44&$1-% /01% $&;7(# ,(# 3*# $(")5(];% D160)1$% K38)08)% +(&)7,)6% \% 4&040/% -$

A$17$1)/6$% 23$% a%8,% 23,8)6+% 'e'$% -3% /6H8$% 5e1$% 8?,1,8H/$%b!;% K$66$% (&)6)23$

+23)7,3-&,)6%\%-)&$%4,&%$[$'48$%23$%8,%23,8)6+%-3%/6H8$%-$%A,3-$8,)&$%5e1$%8$%40:'$;

f1% 70)6% 4$36Pe6&$% )()% ($% 23?31$% /6H8)/6)23$% $'4e(9$% -?$16$1-&$>% 4,&($% 23?$88$% /+4,&$

$16&$%8,%4$1/+$%$6%8$%-)/(03&/;%K$%23$%A$17$1)/6$%1$%B,)6%4,/>%1)%-,1/%/,%4$1/+$>%1)%-,1/

/01% +(&)63&$;% A$17$1)/6$% 103/% ,44&$1-% 31$% $&5'-4/(# ,(# 3*# ':5&%-(;% Q01% +(&)63&$

6&,1/B0&'$% 8,% 4$1/+$% $6% 6&,1/B0&'$% 8$% 8,15,5$;% #?$//,)$% -,1/% ($66$% 69:/$% -?,70)&% 31$

8$(63&$% (0'48$[$>% (0'48$[)B),16$;% <(2'-&# ,-==-2-3-&%;% #$% '?,66,&-$% /3&% 8$/% 49&,/$/% -$

A$17$1)/6$>%(0''$%/?)8%/?,5)//,)6%-$%8)&$%31%40:'$;%K$%23$%C$%4$1/$%23?)8%+(&)6>%,3%/$1/

0g%<$1&)%=$/(9011)(%4,&8$%-$%$&;7(;%<$1&)%=$/(9011)(%-)6M%a%#?,44$88$%40:'$%31$

B0&'$%-$%7)$%23)% 6&,1/B0&'$%31$% B0&'$%-$% 8,15,5$%$6>% &+()4&023$'$16>%31$% B0&'$%-$

8,15,5$%23)%6&,1/B0&'$%31$%B0&'$%-$%7)$;%.01(%31%40:'$%6&,1/B0&'$%($83)%23)%8?+(&)6>

',)/%,3//)%)8%6&,1/B0&'$%($83)%23)%8$%8)6%b";%K$66$%6&,1/B0&',6)01>%A$17$1)/6$%8?,44$88$>

-,1/% /,% 40+6)23$>% 31$% a%(017$&/)01% -3% 40)16% -$% 73$%bX%h% $88$% (0&&$/401-% 403&% 83)% \

8?,(6)7)6+%-3%40:'$%-$%A,3-$8,)&$>%23)%(016)13$%-?)17$16$&%8$%&$5,&-%-$%($83)%23)%8$%8)6;

<$1&)%=$/(9011)(% ,% &$1-3% 40//)@8$% 8,% 8$(63&$% -$/% 6$[6$/% -$% A$17$1)/6$;% J8% ,

4$&')/%-$%1$%4,/%$1%,70)&%31$% 8$(63&$% B0&',8)/6$>% ($88$%-$/%',&23$/%-$% 8?+101(),6)01

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]%K?$/6%<$1&)%=$/(9011)(%23)%4,&8$%-$%a%40:'$%-$%8,%4$1/+$%b>%\%4&040/%-$%Q4)10I,;%i0)&%>$-"&?*+$&;7(#,(#3*#$(")5(>%=,)/011$37$%j%S,&0/$>%G,&)/>%!ZZ!;!%D160)1$%K38)08)>%a%O9+0&)$%-3%8,15,5$%$6%69+0&)$%-$/%8,153$/%b>%-"#17-3(#8("9("-)'(#*/@&/%,A:/-+#O0'$J>%kD(6$/%-3%K088023$%)16$&1,6)01,8%-3%K;l;L;Q;>%O03&/>%!V%,3%"Z%/$46$'@&$%]^V"m>%Q0()+6+%403&8nJ1B0&',6)01%5&,'',6)(,8$>%G,&)/>%]^VX>%4;%_V%M%a%31%-)/(03&/%31%4$3%80)16,)1%-?90''$%(386)7+>%0g%8,23,8)6+%'e'$%-3%/6H8$%5e1$%8?,1,8H/$>%0g%8$%7$&1)/%-$/%'06/%k,)1/)%23$%8?,883/)01%23)%/$%7$36%4$3,443H+$m%(,(9$%\%8?0((,/)01>%8,%&,4)-)6+%$[4+-)6)7$%-?31$%&+B8$[)01%23)%&$/6$%(03&6$%03%23)%1?$/6%4,/(01-3)6$%\%/01%6$&'$%b%"%F/69$&%f&1$&>%$16&$6)$1%,7$(%<$1&)%=$/(9011)(>%a%<$1&)%=$/(9011)(%$6%8?3604)$%-3%C3)B;%S$%40:'$%M%31,(6$%+69)23$%b>%)1%B&"'-"//7+#C>%3*#D(9/(#,()#52%-9*-")#-)%*53-(")#,(#3*"./(#=%*"E*-)(>%<,NB,>%',)%!ZZV;D&6)(8$%-)/401)@8$%\%8?,-&$//$9664MooEEE;0'1)5&,49)$/;(0'o'0-38$/o/',&6/$(6)01o)6$';494p)6$')-q!ZX%k,-&$//$%7+&)B)+$%8$!Y;Z^;!ZZVm;X%8FGH1<FID1>%]X>%Br]%o%BrVZ;

Marcelo
Marcelo
Marcelo

]Z

23)%(01B01-%603C03&/%8?)1-)7)-3%$6%8$%/3C$6;%J8%,%4$&')/%-$%70)&%23$%A$17$1)/6$%-011,)6

8$/%'0H$1/%-?31$%40+6)23$>%6036%(0''$%Q,3//3&$;%<$1&)%=$/(9011)(%+(&)6%M%a%F1%B,)6>

A$17$1)/6$%-011$%\% 8,%40+6)23$%/,%(01-)6)01%4&$'):&$%-$%40//)@)8)6+>%4,&% 8,%106)01%-$

-)/(03&/>% $6% -$% /3C$6% -3% -)/(03&/;% F1% 230)% 8,%',1):&$% -016% )8% /?,&&e6$% ,3% /$3)8% -$% 8,

40+6)23$%$1%$/6%-+C\%8?037$&63&$;%=,)/%(,(9+$;%Q$(&:6$;%G,&%-$/%/+4,&,6)01/%4&04&$/%,3

/3C$6%23?)8% ,% +6+% 83)P'e'$%bY;%l03/% /,701/%\%4&+/$16%23$%($66$%40+6)23$>% )8% 8?,% +(&)6$>

103/% /,701/% 23?)8% ,7,)6% 8$% 4&0C$6% -?31% 6&,7,)8% /3&% a%8,% 8,153$% -$% A,3-$8,)&$%b>% )8

(9$&(9,)6% \% -+B)1)&% 3A&%-.-"*3-'5# ,(# 3*# .%*77*-%(# $&5'-4/(# ,(# 8*/,(3*-%(J;% <$1&)

=$/(9011)(%70H,)6%C3/6$%80&/23?)8%+(&)7,)6%23$%a%8,%40+6)23$%,@/$16$>%(9$I%A$17$1)/6$>

403&&,)6% e6&$% ($66$% s'+6,/+',16)23$t% kK3.0# II;>% ``m% 23?)8% 70H,)6% (0''$% 31% ,7$1)&% -3

/+',16)23$%b_;% F1% B,)6>% ($66$% '+6,/+',16)23$% )8% ,7,)6% (0''$1(+% \% 8?+(&)&$% ,7$(

A,3-$8,)&$;%K$66$%40+6)23$%1?+6,)6%4,/%,@/$16$>%4$36Pe6&$%C3/6$%/$(&:6$%03%$1%/3/4$1/;%S$

6$&'$% a%'+6,/+',16)23$%bV% 1$% /$% 6&037$% 4,/% -,1/% 8$/% ',13/(&)6/;% A$17$1)/6$% 4,&8$

4,&B0)/%-$%a%/+',16)23$%b>%)8%4,&8$%-$%a%40+6)23$%b>%',)/%($%23?)8%+(&)6%403&&,)6%6&:/%@)$1

/?,44$8$&%31$%a%'+6,/+',16)23$%b%4,&($%23?)8%(9$&(9$%\%-+(037&)&%31$%/+',16)23$%-$

A,3-$8,)&$% ka%8?0&)5)1,8)6+% -$% 8,% 5&,'',)&$% 40+6)23$% -$% A,3-$8,)&$%bm>%$6% $1% 'e'$

6$'4/>%(?$/6% 6036$%/01%,44&0(9$%-3% 8,15,5$>% 6036%/01%&$5,&-%23)%/$% 6&,1/B0&'$16%-,1/

($66$%-+(037$&6$%h% )8%4,&8$%-?31$%a%(017$&/)01%-3%40)16%-$%73$%b^;%S,%75'*)57*"'-4/(

(0''$%8$%75'*3-"./-)'-4/(%(9$I%A$17$1)/6$%)'48)23$16%31$%)57-&3&.-(#,(#3*#3*"./(%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y%<$1&)%=$/(9011)(>%a%Q$38%(0''$%A$17$1)/6$%03%(0''$16%8,%(&)6)23$%',123$%-$%/6H8$%b>%<*".*.()>LLM>#<()#1"@(/N#,(#3*#7*"-;%(>%13'+&0%0&5,1)/+%4,&%.,1)$8%.$8,/>%S,&03//$>%G,&)/>%]^^Y>%4;%YX;`%8FGH1<FID1>%!!>%Br`_%o%Br"]^;%f1%/$%&$40&6$&,%,3[%-$3[%7083'$/%-?,11$[$/%23)%-011$16%8$/',13/(&)6/%$6%8$3&%6&,1/(&)46)01;%a%A,3-$8,)&$%b%$/6%8$%6)6&$%40&6+%-$%8,%',)1%-$%A$17$1)/6$%/3&%8,40(9$66$/%23)%(016)$16%8$/%',13/(&)6/;%S$%4&$')$&%(9)BB&$%/$%&,440&6$%\%31%&,15$'$16%6$'40&,)&$%-$/',13/(&)6/%$1%40(9$66$/;%S$%/$(01-%(9)BB&$%$/6%8,%B08)06,6)01%23$%C$%-011$%$6%23)%&$/4$(6$%8?0&-&$49H/)23$%-,1/%8$23$8%/$%6&037,)6%8$/%',13/(&)6/%\%8$3&%,&&)7+$%\%8,%A1R%k8,%A)@8)069:23$%1?,%4,/%$1(0&$(0'40/6+%8$/%',13/(&)6/m%h%8$%6&0)/):'$%(9)BB&$%1$%4&$1-%4,/%$1%(0'46$%8$%(8,//$'$16%4,&%40(9$66$%$6%$/631$%B08)06,6)01%(016)13$%h%$88$%B,()8)6$&,%8$%&$170)%,3[%',13/(&)6/;_%<$1&)%=$/(9011)(>%a%Q$38%(0''$%A$17$1)/6$%03%(0''$16%8,%(&)6)23$%',123$%-$%/6H8$%b>%<*".*.()>LLM>#<()#1"@(/N#,(#3*#7*"-;%(>%13'+&0%0&5,1)/+%4,&%.,1)$8%.$8,/>%S,&03//$>%G,&)/>%]^^Y>%4;%YX;V%f1%&,44$88$%8$/%-$&1):&$/%49&,/$/%-$%8?,&6)(8$%a%Q+')0805)$%-$%8,%8,153$%b%M%a%F1%(01(83/)01>%)8%B,36-+4,//$&%8,%106)01%/,3//3&)$11$%-3%/)51$%(0''$%4&)1()4$%31)23$>%-016%-+4$1-&,)$16%\%8,%B0)/%8,%/6&3(63&$$6%8$%B01(6)011$'$16%-$%8,%8,153$;%K$%-+4,//$'$16%/$%B$&,%4,&%-$3[%70)$/%Mu%-,1/%8?,1,8H/$%)16&,P8)153)/6)23$>%4,&%8?037$&63&$%-?31$%1037$88$%-)'$1/)01%-$%/)51)B),1($>%($88$%-3-)/(03&/>%23$%103/%,44$801/%/+',16)23$>%-+/0&',)/%-)/6)1(6$%-$%($88$%23)%$/6%8)+$%,3%/)51$>%$6%23)%/$&,/+')06)23$%hu%-,1/%8?,1,8H/$%6&,1/8)153)/6)23$%-$/%6$[6$/>%-$/%v37&$/>%4,&%8?+8,@0&,6)01%-?31$%'+6,/+',16)23$%23)/$%(01/6&3)&,%/3&%8,%/+',16)23$%-$%8?+101(),6)01;K$%/$&,%31$%/+')0805)$%-$%s-$3[):'$%5+1+&,6)01t>%-016%8$/%)1/6&3'$16/%$6%8,%'+690-$%403&&016%,3//)(01(03&)&%,3%-+7$8044$'$16%-$/%,36&$/%@&,1(9$/%-$%8,%/+')0805)$%5+1+&,8$;%b>%F')8$%A$17$1)/6$>a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%!>%4;%``;^%8FGH1<FID1>%]X>%Br]%o%BrVZ;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
seuil: umbral
Marcelo
cachee: escondida

]]

a%'+6,P%b>% (?$/6% 8?,(6)7)6+% -?)16$&4&+6,1($% -$% 8,% 8,153$>% (?$/6P\P-)&$% 8,% -+(037$&6$% -3

40)16%-$%73$]Z%4,&%8?)17$16)01%-,1/%8$%-)/(03&/;

K$66$% 69:/$% /$% (0'40/$% -$% -$3[% 4,&6)$/>% 8?31$% (01($&1$% 8?)1(01/()$16% -,1/% 8$

8,15,5$>% 8?,36&$% (0''$1($% 8$% 6&,7,)8% \% 4&040/% -$% 8,% 40+6)23$% -$% A$17$1)/6$;% f1

6&037$&,%4$36Pe6&$%($%(9$')1%+6&,15$>%$6%($/%-$3[%4,&6)$/%&,((0&-+$/%8?31$%\%8?,36&$%/,1/

23?)8%H%,)6%$16&$%$88$/%31$%&+$88$%403&/3)6$;%f1%7$&&,%23$%($/%-$3[%4,&6)$/%1$%($//$16%-$

/$% &+401-&$>% $6% -$% /$% (01/6&3)&$%'363$88$'$16;%K$%23?01% &+3//)6% 4$36Pe6&$>% /,1/% ,70)&

(9$&(9+%708016,)&$'$16%\%8$%B,)&$>%(?$/6%\%&$4&$1-&$%8$%'0-$%-$%8$(63&$%23$%4&040/$16

8$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(]];%K$66$%69:/$%-011$%8)$3%\%@$,3(034%-$%4$6)6$/

,1,8H/$/%h% (9,(31$% \% /,%',1):&$% 4$&'$6% -$% B,)&$% ,7,1($&% 8,% &+B8$[)01;% S?31)6+% -$% ($

6&,7,)8% $/6% 8$% &$5,&-% 23?)8% (01/6&3)6>% $6% ($% &$5,&-% (?$/6% A$17$1)/6$% 23)% 103/% $1% &$1-

(,4,@8$/;

S$%4&0@8:'$%-$%8?)1(01/()$16%(9$I%A$17$1)/6$%/$%(01/6)63$%-,1/%31%-),8053$%,7$(

8$/%-+(037$&6$/%-?,36&$/%8)153)/6$/>%(0''$%Q,3//3&$>%A&+,8>%A0,/>%$6%Q,4)&]!>%23)%-+C\

B,)/,)$16% -$% 8?)1(01/()$16% 31$% 1,63&$% -3% 8,15,5$;% K$6% )1(01/()$16% 1?$/6% 4,/

4/H(9,1,8H6)23$>%',)/%8)153)/6)23$%$6%,169&040805)23$;%J8%40&6$%'e'$%4836w6%8,%(&)6)23$

-$% 8,% 4/H(9,1,8H/$% B&$3-)$11$;% f1% 8$% '016&$% $1% ,1,8H/,16% 8?,&6)(8$% -$% A$17$1)/6$% \

4&040/%-$%R&$3-;%S?)1(01/()$16%(9$I%A$17$1)/6$%$/6% )1-)//0(),@8$%-?31$%4$1/+$%-$% 8,

7&'-9*'-&"% -,1/% 8$% 8,15,5$;% F1% ($8,% A$17$1)/6$% (016)13$% Q,3//3&$% $6% 4$&'$6% -$

&$-+(037&)&% /,% 4$1/+$% -3% ,-)2&/%)% 23$% -$/% 8$(63&$/% -?+4023$% 016% ,//03&-)$;% K$66$

4$1/+$% -$% 8,%'06)7,6)01% 4$&'$66&,% ,3//)% \%A$17$1)/6$>% -,1/% /,% 40+6)23$>% -$% (&)6)23$&

31$% (01($46)01% /H16,[)23$% -3% /$1/;% .$% ',1):&$% 90'05:1$% \% Q,3//3&$% ,7$(% 8$/

4,&,5&,''$/>%A$17$1)/6$%4$1/$&,%23$%-,1/%31%40:'$%a%8$%/H16,5'$%/?+6$1-%483/%80)1

23$%/$/%-)'$1/)01/%x8)')6$/y%5&,'',6)(,8$/%h%)8%$'@&,//$%8,%(0'4,&,)/01>%8?$1603&,5$

6&:/%8,&5$>%4,&B0)/%8,%&)'$%b]">%(?$/6P\P-)&$%23$%8,%/)51)B),1($%-?31%40:'$%$/6%(01/6)63+$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]Z%A$17$1)/6$%+(&)7,)6%$1%$BB$6%k(?$/6%8,%4,5$%23)%4&+(:-$%8$%4&0C$6%-?31$%'+6,/+',16)23$m%M%a%S$%4&)7)8:5$-$%8,%8,153$%$/6%-$%(0'40&6$&%\%8,%B0)/%8,%/)51)B),1($%-$/%/)51$/%$6%8,%/)51)B),1($%-$%8?+101(),6)01;%.$%8\4&07)$16%/01%40370)&%',C$3&>%($83)%-$%(&+$&%31%-$3[):'$%1)7$,3%-?+101(),6)01>%0g%)8%-$7)$16%40//)@8$%-$6$1)&%-$/%4&040/%/)51)B),16/%/3&%8,%/)51)B),1($;%K?$/6%-,1/%($66$%B,(386+%'+6,8)153)/6)23$%23$%103/6&03701/%8?0&)5)1$%-$%8,%&$8,6)01%-?)16$&4&+6,1($%4,&%8,23$88$%8,%8,153$%$1580@$%8$/%,36&$/%/H/6:'$/%b>F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%`Y;]]%.,1/%8?,7,16P4&040/%-$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%A$17$1)/6$%$[48)23$%,)1/)%23$%/)%8$/+63-$/%&+31)$/%016%+6+%a%4&+/$16+$/%)()%/03/%8,%-+10')1,6)01%-$%s4&0@8:'$/t>%(?$/6%23?$88$/%,440&6$16-,1/%8$3&%$1/$'@8$%$6%(9,(31$%403&%/0)%31$%(016&)@36)01%\%8,%5&,1-$%4&0@8+',6)23$%-3%8,15,5$%b>%F')8$A$17$1)/6$>%a%D7,16P4&040/%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%101%4,5)1+;]!%K?$/6%A$17$1)/6$%23)%103/%-011$%8$/%'0H$1/%-$%8$/%8)&$>%-$%8$/%6&,-3)&$%4,&B0)/>%(?$/6%$1%83)%23$%8$3&/&$(9$&(9$/%/$%(0&&0@0&$16;%K?$/6%31$%B)8),6)01%23)%/$%4$1/$%\%4,&6)&%-$%A$17$1)/6$;]"%8FGH1<FID1>%]!>%Br`%o%BrYV;

Marcelo
Marcelo
Marcelo
más bien, antes, bastabte

]!

4,&%8$/%&,440&6/%-$%'06)7,6)01%23?31$%8$(63&$%/,)6%$16$1-&$>%90&/%-?31%0&-&$%8)1+,)&$%$6

90&/%-$/%8)')6$/%5&,'',6)(,8$/%-$%8,%49&,/$;%A$17$1)/6$%6$&')1$%/01%,&6)(8$%\%4&040/%-$

R&$3-%$1%B,)/,16%-$% 8?-"2&")2-("'>%-$% 8,%7&'-9*'-&"%$6%-$% 8?-"'("'-&"%-$/%4&04&)+6+/%-3

3*".*.(# $&5'-4/(>% (?$/6P\P-)&$% -?31$% /3@C$(6)7,6)01% -,1/% 8$% -)/(03&/% 23)% B,)6% 8,

6&,1/B0&',6)01%-3%8,15,5$%$1%'e'$%6$'4/%23$%-$%($83)%23)%4,&8$;%J8%+(&)6%M%a%K$%23n)8%H

,%-n)16$16)011$8%-,1/%8,%'06)7,6)01%5037$&1$%0@/(3&+'$16%8,%',1):&$%-016% 8n)17$16$3&

-n31% /6H8$% B,T011$% 8,% ',6):&$% (0''31$>% $6>% \% /,% ',1):&$% /nH% -+8)7&$;% K,&% ($% 23n01

,44$88$%)1(01/()$16%$/6%&$/401/,@8$%-$%8,%',1):&$%-016%8n)1-)7)-3%(01/6&3)6%/,%4$&/011$>

-$%($%23n)8%H%,BB)&'$%03%-$%($%23n)8%&$C$66$%03%)510&$>%($()%'06)7,16%($8,%b]X;%f1%7$&&,

23$%/)%A$17$1)/6$%-+B)1)6%8?)1(01/()$16%(0''$%31$%)16$16)01%-$%-)/(03&/>%)8%/$%&+B:&$%\

A&+,8% $6% \% Q,3//3&$>% 23)% 4,&8$16% -?31$% 708016+% )1(01/()$16$% -,1/% 8$% 8,15,5$;

!O)2/%57("'>%(?$/6%8?&O)2/%%-$%A&+,8%23)%+(&)6%M%a%J8%B,36%B$&'$&%8$/%H$3[%\%8?+7)-$1($

403&%1$%4,/%70)&%23?31$%708016+%0@/(3&$>%',)/%4$&/+7+&,16$>%4&+/)-$%,3[%(9,15$'$16/

-3% 8,15,5$%b]Y;% K?$/6% ,3//)% 8?a%0@/(3&%b% -$% i)(60&% <350% -,1/% <()# B&"'(7$3*'-&")%M

a%l03/%(016$'4801/%8n0@/(3&>%8n)1(0113>%8n)17)/)@8$%b]`;

A$17$1)/6$%+(&)6%,3%-+@36%-$%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$% 8,153$%b%M

a%103/%1?,701/% ,3%483/%23?31$%(01/()$1($% B,)@8$% $6% B35)6)7$%-$/%04+&,6)01/%23$%103/

,((0'48)//01/%403&%4,&8$&%b]_;%f1%7$&&,%23$%($66$%49&,/$%B,)6%8,%(&)6)23$%-$%8,%-+',&(9$

/6&3(63&,8)/6$;% f1% 7$&&,% 23$% A$17$1)/6$% )()% $/6% 4&0(9$% -$% 8?)-+$% -?)1(01/()$16% (9$I

Q,4)&]V>% 03% -$% 8?)163)6)01% -$% Q,3//3&$% -,1/% /,% &$(9$&(9$% \% 4&040/% -$/% 4,&,5&,''$/;

Q,3//3&$%+(&)7,)6%$1%$BB$6%-,1/%31%-$%/$/%(,9)$&/%M%a%z3$%8?9H405&,''$%,)6%,66$)16%(9$I

8$/%S,6)1/%($%-$5&+%-?31$%)&2-*'-&"#$)Q2:&3&.-4/(%)1+7)6,@8$%$6%4&0B01-$>%(?$/6%$1%$BB$6

($%23)%&+/386$%403&%8$%&$/6$%-$%8?)''$1/)6+%-$/%6$[6$/>%$6%90&/%-$%($%23$%C?$16$1-/%-)&$

/4+(),8$'$16% )()%b]^;% S?9H405&,''$% 1?$/6% ,80&/% 483/% 31% a%5&0/% (,//$P6e6$%b>% 31$

-)BB)(386+>%',)/%a%8?,((0'4,51$'$16%9,@)63$8>%403&%6036%S,6)1%23)%4&$1,)6%8,%483'$>%-$

8,%B0&'$%23?)8%-011,)6%\%/,%4$1/+$%4&$/23$%\%8?)1/6,16%0g%$88$%C,)88)//,)6%-$%/01%($&7$,3>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]X%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%V_;%#?,1,8H/$%($%4,//,5$%$1%-+6,)8%483/%80)1%h%70)&%4;%]"Z%/7;]Y%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>%4;%"Z;]`%i)(60&%<350>%<()#B&"'(7$3*'-&")>%S)7&$%/)[):'$>%WJi>%*,88)',&->%G,&)/>%]^_">%4;%"X";]_%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%k]^YVm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%`";]V%f1%4$1/$%4&)1()4,8$'$16%\%8?,&6)(8$%a%R:(#G"2&")2-&/)#K*''(%"-".#&=#8(:*9-&%#-"#>&2-('Q%b%23)%-,6$%-$]^!_>%O)6&$%23?01%6&,-3)6%M%a%S,%4&0-3(6)01%)1(01/()$16$%-$/%B0&'$/%-$%8,%/0(),@)8)6+%b>%4836w6%23$a%S?)1B83$1($%-$/%'0-:8$/%)1(01/()$16/%/3&%8$%(0'40&6$'$16%/0(),8%b%23)%$/6%8,%6&,-3(6)01%-$%8?+-)6)01B&,1T,)/$%$6%23)%$/6%31%5&,7$%(016&$P/$1/;%f1%&$7)$16%$1%-+6,)8%/3&%($6%,&6)(8$%\%483/)$3&/%&$4&)/$/%-,1/($66$%69:/$;]^% R$&-)1,1-% -$% Q,3//3&$>% ',13/(&)6% ()6+% 4,&% #$,1% Q6,&0@)1/d)% -,1/% <()# S&')# )&/)# 3()# 7&')>% <()*"*.%*77()#,(#T(%,-"*",#,(#>*/))/%(>%*,88)',&->%G,&)/>%]^_]>%4;]]^;

Marcelo
Marcelo
liberarse, entregar
Marcelo
enfoque

]"

$6%0g% )8%/015$,)6%\% 8,%'$66&$%$1%4&0/$%03%$1%7$&/%b!Z;%K$66$%a%)&2-*'-&"#$)Q2:&3&.-4/(

)1+7)6,@8$% $6% 4&0B01-$%b% -+B)1)6% 31% )1(01/()$16% 8)153)/6)23$;% F88$% B,)6% -3% -)/(03&/% 8,

B0&'$% 23$% -011$% \% /,% 4$1/+$% ($83)% 23)% 4,&8$;% .$% ($66$% /0(),6)01>% 8$% /3C$6% 1?,% 4,/

(01/()$1($% $6% 1?,% 4,/% @$/0)1% -?,70)&% (01/()$1($;% K0''$% 8?+(&)6% <$1&)% =$/(9011)(

-?31$%',1):&$%23)%&,44$88$%A$17$1)/6$>%\%4&040/%-$%8?,5)&%-3%8,15,5$%M%a%F6%01%1?$1%/,)6

4,/% 483/% 23$>% /3&% 8$% 48,1% -$% 8,% 8,153$>% 8$% 80(36$3&% 1$% /,)6% $6% 1?,% @$/0)1% -$% /,70)&

(0''$16%$88$% B01(6)011$%403&% 8,%4,&8$&%b!];%K$%23$% &$',&23$%Q,3//3&$%$1%4,&8,16%-$

a%)&2-*'-&"# $)Q2:&3&.-4/(% )1+7)6,@8$% $6% 4&0B01-$%b>% (?$/6% 23$% 103/% 1?,701/% 23$% -$/

&$4&+/$16,6)01/%-3%8,15,5$>%$6%23$%($/%&$4&+/$16,6)01/%/016%8,&5$'$16%)1(01/()$16$/;%J8

$/6% /,1/% -036$% 6&:/% )'40&6,16% -$% 106$&% 23$% ($66$% -+(037$&6$>% Q,3//3&$% 8,% B,)6% 4,&% 8$

40:'$;

K$66$%$%&=&",(/%% -016% 4,&8$% Q,3//3&$>% 01% 8,% &$6&037$% (9$I%A$17$1)/6$% -,1/% /,

40+6)23$>% 4,&% $[$'48$% 80&/23?)8% -+B)1)6% 8?,44&0(9$% 23?)8% $//,)$% -$% -+7$8044$&% $1

8?0440/,16% \% ($88$% -$% S+7)PQ6&,3//% $6% #,d0@/01;% J8% +(&)6%M% a%U1$% ,36&$% ,44&0(9$

(01/)/6$&,% $1% 31$% /$&,% -?31% 6H4$% 6036% ,36&$;% f1% /?$BB0&($&,% -?,66$)1-&$% 8,% /6&3(63&$

4&0B01-$% -$% /01% 31)7$&/% 40+6)23$% -,1/% 8$% (90)[% &+7+8,6$3&% -$/% )',5$/% $6% -,1/% 8$3&

,&6)(38,6)01%b!!;%S?$[4&$//)01%a%/6&3(63&$%4&0B01-$%b%403&&,)6%103/%&$'48)&%-$%'+B),1($>

01% 403&&,)6% 8,% (&0)&$% 6036% -&0)6% 7$13$% -$% 8,% 5&,'',)&$% 31)7$&/$88$% -$% K90'/dH;

A$17$1)/6$%H%B,)6%@)$1%,883/)01>%',)/%(?$/6%4$36Pe6&$% 8,%'$)88$3&$%',1):&$%-$%(&)6)23$&

8?31)7$&/,8)/'$%-$%K90'/dH%23$%-?36)8)/$&%/01%$[4&$//)01%403&%-)&$%6036%,36&$%(90/$;%J8

$/6% +7)-$16% 23$% (9$I% A$17$1)/6$% 8,% a%/6&3(63&$% 4&0B01-$%b% -$% 8?31)7$&/% 40+6)23$% -$

A,3-$8,)&$% $/6% 8,% &$(9$&(9$% 8,% 483/% B)1$% -$% 8?0&)5)1,8)6+% -$% 8,% 8,153$% -$% A,3-$8,)&$;

K9$I%K90'/dH>%8,%/6&3(63&$%4&0B01-$%$/6%8,%&+-3(6)01%-3%4,&6)(38)$&%\%31%31)7$&/$8%-016

)8% $/6% 8,% /)'48$%',1)B$/6,6)01;%S$/% -$3[% 4&0C$6/% /016% &,-)(,8$'$16% 0440/+/;%.,1/% 8$/

-$3[%(,/>%(9$I%K90'/dH%03%(9$I%A$17$1)/6$>%8?$[4&$//)01%-?31$%a%/6&3(63&$%4&0B01-$%b

-+B)1)6%31% )1(01/()$16>%',)/%($%1?$/6%4,/% 8$%'e'$;%K$83)%-$%K90'/dH%$/6% &+,8)/6$>%01

7$&&,%23?$1%($8,%)8%$/6%-3%'e'$%0&-&$%23$%8?)1(01/()$16%-+B)1)%4,&%S+7)PQ6&,3//;%K$83)

-$% A$17$1)/6$% $/6% /3@C$(6)7,16>% /4+()B),16>% -H1,')23$>% (0''$% 8?)1(01/()$16% (9$I

Q,3//3&$>%03%(9$I%A&+,8;%f1%7$&&,%23$%A$17$1)/6$%4,&8$% /037$16%-$%a%4&0B01-$3&%b%\

4&040/%-$%A,3-$8,)&$>%$6%a%4&0B01-%b%$/6%,3//)%31%6$&'$%-$%A,3-$8,)&$>%-$%/,%40+6)23$>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!Z%I,(7;>%4;%]]V;!]%<$1&)%=$/(9011)(>%K&5'-4/(#,/#'%*,/-%(>%i$&-)$&>%S,5&,//$>%]^^^>%4;%]XZP]X];!!%8FGH1<FID1>%]X>%Br!%o%BrV];

Marcelo
alcanzar, llegar, contactar
Marcelo

]X

8,%&,)/01%403&%8,23$88$%/,1/%-036$%#$,1PG)$&&$%L)(9,&-%)16)638$%31%$//,)%a%G&0B01-$3&%-$

A,3-$8,)&$%b;

A$17$1)/6$>%(?$/6%31%6&,7,)8%23)%(0''$1($%C3/6$;%S,%&$-+(037$&6$%&+($16$%-$%/$/

',13/(&)6/%4$&'$6%-?$/4+&$&%@$,3(034;%S,%40+6)23$%-$%A$17$1)/6$>%-016%01%(0''$1($

)()%8?+63-$>%$/6%6&:/%1037$88$>%$88$%$/6%/3&4&$1,16$%$6%-)BB)()8$%,3//);%K$66$%40+6)23$>%01%8$

'016&$>%,%/,1/%-036$%+6+%31%&$(0''$1($'$16%403&%A$17$1)/6$;%S?,&6)(8$%a%Q+')0805)$

-$% 8,% 8,153$%b% $1% $/6% 8$% 6+'0)51,5$%h% )8% 1?,3&,)6% -?,)88$3&/% C,',)/% +6+% 40//)@8$% /,1/

8?+(&)63&$%-$%8,%40+6)23$%-$%A,3-$8,)&$%23)%8$%4&+4,&$;%f1%7$&&,%23$%A$17$1)/6$%-,1/%/,

40+6)23$%&$'$6%$1%(,3/$%-$%',1):&$%%*,-2*3(!"%6036$%31$%8)153)/6)23$%6&,-)6)011$88$;%S$

3*".*.(# $&5'-4/(PU% $/6% 403&% A$17$1)/6$% ($% 23)% '$6% $1% 23$/6)01% $6% &$1037$88$% 8$/

(,6+50&)$/%-$% 8?,1,8H/$%-3% 8,15,5$>%$6%$1%($8,%/01%4&0C$6%/$%-)/6)153$%1$66$'$16%-$% 8,

-+',&(9$%/6&3(63&,8)/6$>%-016%)8%+(&)6%23?$88$%$/6%31$%,1,8H/$%a%,448)23+$%b%k($%23?$88$

&$(9$&(9$%$88$%8$%(011,{6%-+C\m%03%$1(0&$%23?$88$%(01/)/6$%a%\%4,&6)&%-$%8,%4):($%-$%7$&/

(0''$% -?31$% -011+$>% -$% 8,% -+(&)&$>% -$% 8,% -+'016$&% (0''$% 31% 0@C$6%b>% 23,1-% \

8?)17$&/$%A$17$1)/6$%4&040/$&,%-$%4$1/$&%8$%8,15,5$%40+6)23$%(0''$%($%23)%6&,1/B0&'$

31%/3C$6;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!"%a%l03/%6$1601/%($66$%(017$&/)01%-3%40)16%-$%73$%$6%($66$%$[480&,6)01%-,1/%',%6$16,6)7$%-$%%(&+,6)01-?31%1037$,3%'0-:8$>%(017,)1(3%\%8,%B0)/%-$%/,%1+($//)6+%$6%-$%/01%)1/3BB)/,1($%4&+/$16$%M%106&$%6$16,6)7$/$'@8$&,%&,-)(,8$;%l03/%/0''$/%/c&%23?31%C03&%01%83)%&$4&0(9$&,%-$%1$%4,/%8?,70)&%+6+%,//$I%b>8FGH1<FID1>%]X>%Br]%o%BrVZ;!X%K?$/6%8$%(01($46%-$%A$17$1)/6$;

Marcelo
Marcelo
Marcelo
Marcelo

]Y

K$%/$1/%-3%8,15,5$%1?$/6%,36&$%23$%8$%/$1/%-$%8,%7)$>%$1%6,16%23$%($%/$1/%6&,1/B0&'$%8$8,15,5$;%J8%)1(836%8,%a%4$6)6$%7)$%b%-016%4,&8$%A,3-$8,)&$>%,36,16%23$%($83)%-$%8?)17$16)01-$%/,%4&04&$%7)$;%J8%$/6%8)+%,3%/$1/%-$%8?,&6>%,3%/$1/%-$%($%23?$/6%31%/3C$6;%S?)1B)'$>%8$B&,5)8$>% 8?)'4$&($46)@8$%H%(0'46$16%483/%4$36Pe6&$%23$%-$/%408)6)23$/%-$% 8,% 8,153$;%F1230)%8$/%-$&1)$&/%\%B,)&$%8?,(6)7)6+%-?31$%8,153$P(3863&$%/016%8$/%90''$/%-)6/%408)6)23$/;F88$%$/6%4$&',1$16$;%Q,3B%(9$I%($3[%-016%8$/%)-+$/%/016%,&&e6+$/;%F6%)8%1?H%,%4$36Pe6&$7&,)'$16%-$%8,153$%23$%6,16%23?)8%H%,%31$%)17$16)01%-,1/%8,%4$1/+$;%G3)/23?31$%8,153$$/6%31$%9)/60)&$>%$88$%$1%,%8?)1B)1);!Y

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!Y%<$1&)%=$/(9011)(>%H(#3*#3*"./(#=%*"E*-)(>%<,(9$66$%8)66+&,63&$/>%(088$(6)01%a%G83&)$8%b>%G,&)/>%]^^_>%4;X]!;

]`

8F.DRSF.&8QF=R.

01%/2-/)2%(/$&3&5*-&+"%$7,-&65&#(*G(G-<

U1$%'+690-$%,3[%4&)/$/%,7$(%8$/%-)BB)(386+/%-n31%4&0@8:'$&+$8% /$% 8,)//$% ,3% '0)1/% C35$&% /3&% 8$/% /0836)01/% 23n$88$4&040/$>%6,1-)/%23n\%&,)/011$&%/3&%-$/%(01(83/)01/%,(23)/$/>01% $/6% /c&% -$% 5,51$&% /,1/% &)/23$>% $6% -$% 1n$1/$)51$&% 23$% 8$(0113;!`

T<0-*1-*,2+-&-2+M,#&)2B:"(*(#B2+-&U

G$36Pe6&$% /$'@$&,P6P)8% ,7$163&$3[% -$% 70380)&% +(&)&$% \% 4&040/% -3% (01($46

-?-"2&")2-("'% (9$I% A$17$1)/6$>% -$% 70380)&% 8?$16$1-&$% (0''$% 8$% (01($46% (8+% -?31$

69+0&)$% -3% 8,15,5$;% J8% $/6% 4&0@,@8$% 23$% 103/% /3/()6)01/% 31% +6011$'$16;% A$17$1)/6$

,4&:/%6036%1?$/6%4,/%31%4/H(9,1,8H/6$>%(?$/6%31%8)153)/6$;%G03&230)%(9$&(9$&%\%B,)&$%-?31

(01($46%4/H(9,1,8H6)23$%8,%(8+%-?31$%69+0&)$%-3%8,15,5$%p%Q)%A$17$1)/6$%4,&8$%4,&B0)/

-?)1(01/()$16>%1?$/6P($%4,/%/$38$'$16%403&%B,)&$%,883/)01%,3[%6&,7,3[%-?31$%-)/()48)1$

70)/)1$%p% l$% 4,&8$P6P)8% 4,/% -?)1(01/()$16% -$% ',1):&$% 6036$% @,1,8$% $6% /,1/% 483/

-?)16$16)01>% /,1/% 7&,)'$16% (9$&(9$&% \% -)&$% 23$823$% (90/$% -$% 4&+()/%p% =,)/% ($/

0@C$(6)01/% 60'@$16% -:/% 23$% 8?01% &+3//)6% \% '016&$&% 23$% 8,% 4$1/+$% -$% A$17$1)/6$% $/6

40&6+$%4,&%(9,23$%-+6,)8%-$%/$/%49&,/$/>%23$%6036%H%$/6%1+($//,)&$%$6%'06)7+;%K$/%6$[6$/

/016% -$/% 40:'$/;% A$17$1)/6$% 1?+(&)6% 4,/% a%@)$1%b>% )8% +(&)6% ,7$(% 4&+()/)01;% G03&% ($8,

&+-3)&$%(0''$%($&6,)1/%8$%B016%/01%+(&)63&$%,%31$%a%'3/)23$%b!_>%\%31$%a%/+-3(6)01%b!V

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!`%F')8$%A$17$1)/6$>%a%G&0@8:'$/%/+',16)23$/%-$%8,%&$(01/6&3(6)01%b%k]^YXm>%)1%G&0@8:'$/%-$8)153)/6)23$%5+1+&,8$>%4;%"Z_;!_%L08,1-%A,&69$/%+(&)6%$1%$BB$6%M%a%S?+(&)63&$%-$%A$17$1)/6$%$/6%6&:/%-)BB)()8$%\%-+(&)&$%4,&($%23?$88$%$/6$%()4/(%1$36&$%h%/$38%4,&B0)/%31%'06>%\%B0&($%-?e6&$%C3/6$>%403&&,)6P01%-)&$>%6,16%8,%C3/6$//$%/$'@8$/?,((3'38$&%$1%83)>%@&)88$>%&,7)6%(0''$%31%(9,&'$>%$'40&6+%4,&%31$%/H16,[$%-016%8,%'$/3&$>%8?,C3/6$'$16$6%8?$[,(6)63-$%k6036$/%23,8)6+/%-?31%+@+1)/6$m%,66$/6$16%8$%48,)/)&%23$%($%/,7,16%,%4&)/%\%B0&'$&%/,%49&,/$;S?+(&)63&$%-$%A$17$1)/6$%4&+/$16$%,)1/)%($%'+8,15$%/3@6)8%-$%-+4$1/$%$6%-$%&+/$&7$%23)%B01-$%8$%6$[6$>%03>

]_

03%\%31%a%48,)/)&%-3%6$[6$%b!^%',123$%-$%/$1/%-3%8,15,5$>%-$%/$1/%-$%8,%4$1/+$>%-3%/$1/

$6%-$/% $1C$3[%23$%A$17$1)/6$% 8$3&%-011$;% J8% /?,5)6% -$% 8)&$%A$17$1)/6$% (0''$% )8% 103/

,44&$1-%\%8)&$>%(0''$%31%3*".*.(#$&5'-4/(VW;%U1%8,15,5$%40+6)23$%&+)17$16$%8,%4$1/+$

$6%8$%8,15,5$>%)8%6&,1/B0&'$%/01%8$(6$3&;

S?+(&)63&$%-$%A$17$1)/6$% B,)6% ($%23?$88$%-)6>% -)6% ($%23?$88$% B,)6>% 403&% &$4&$1-&$

8$/% 6$&'$/% -?<$1&)% =$/(9011)(;% K?$/6% 31% 40:'$% -$% 8,% 4$1/+$;% f1% 1$% 4$36% 4,/

&$6&,1(9$&%\%8?+(&)63&$%/01%4&0C$6%-$%4$1/$&;%Q037$16>%($3[%23)%016%(0''$16+%8$%6&,7,)8

-$%A$17$1)/6$%/$%/016%8)')6+/%\%&$',&23$&%23$823$/%(01($46/>%\%8)&$%A$17$1)/6$%/,1/%8$

8)&$>% (?$/6P\P-)&$% ,7$(% 8$/% '0H$1/% 8)153)/6)23$/% -?31$% 8$(63&$% &+,8)/6$>% ,80&/% 23$

A$17$1)/6$%4$1/$%$6%+(&)6%31%$&;7(;%f1%8)')6$%A$17$1)/6$%\%23$823$/%'06/>%,80&/%23?)8

$/6%8?)17$16$3&%-?31$%69+0&)$%-3%,-)2&/%);%K$%/$&,)6%(0''$%&+B8+(9)&%/3&%8$/%40:'$/%-$

A,3-$8,)&$%$1% )510&,16% /,%4$1/+$%-$/%(0&&$/401-,1($/>%03% 6&,7,)88$&% /3&% 8$/% 6$[6$/%-$

=,88,&'+%$1%)510&,16%/,%4$1/+$%-$%8,%/355$/6)01;%Q+4,&$&%8,%4$1/+$%$6%8$%-)/(03&/;

a%A$17$1)/6$%$/6P)8%4/H(9,1,8H/6$%p%b>%-$',1-01/P103/;%A)$1%/c&>%)8%1$%8?$/6%4,/;

=,)/% 8,% 23$/6)01% $/6% 1+,1'0)1/% /+&)$3/$;% f1% (017)$1-&,% 23?)8% $/6% *"*3Q)'(>% 23$

80&/23?)8% 6&,7,)88$% \% 4&040/% -$/% B*'5.&%-()% -?D&)/606$>% )8% -+(037&$% 31% '01-$>% 31$

4$1/+$>%31$%5&,'',)&$>%23?)8%6|(9$%-$%'$66&$%,3%C03&%31%)1(01/()$16;%S0&/23?)8%6&,7,)88$

\% 4&040/% -$% 8?,1,8H/$% B&$3-)$11$>% -$% 8,% 'e'$% ',1):&$% )8% '016&$% 6036% ($% 23)% $/6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%')$3[%$1(0&$>%8,%'3/)23$;%A$17$1)/6$%+(&)6%)-3("2-(/)(7("'%k8,%'3/)23$%1?$/6P$88$%4,/%31%,&6%-3%/)8$1($)16$88)5$16%pm>%(0''$%C03$16%8$/%483/%5&,1-/%'3/)()$1/%M%)8%H%,%-3%L)(96$&%-,1/%A$17$1)/6$%b>%L08,1-A,&69$/>%a%G03&230)%C?,)'$%A$17$1)/6$%b>%)1%X/9%()#B&7$3;'()+#IY>%Q$3)8>%G,&)/>%!ZZ!>%4;%Y]X%h%($6,&6)(8$%+6,)6%-?,@0&-%4,&3%\%8?0((,/)01%-$%8,%4,&36)01%-$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%-,1/%8$13'+&0%-3%]V%,7&)8%]^_X%-$%3*#Z/-"?*-"(#3-''5%*-%(;

.?,36&$%4,&6>%D160)1$%K38)08)%4,&8$%,)1/)%-$%8?+(&)63&$%-$%A$17$1)/6$%(0''$%-?a%31%-)/(03&/%314$3%80)16,)1%-?90''$%(386)7+>%0g%8,%23,8)6+%'e'$%-3%/6H8$%5e1$%8?,1,8H/$>%0g%8$%7$&1)/%-$/%'06/%k,)1/)23$%8?,883/)01%23)%/$%7$36%4$3%,443H+$m%(,(9$%\%8?0((,/)01>%8,%&,4)-)6+%$[4+-)6)7$%-?31$%&+B8$[)01%23)&$/6$%(03&6$%03%23)%1?$/6%4,/%(01-3)6$%\%/01%6$&'$%b%h%D160)1$%K38)08)>%a%O9+0&)$%-3%8,15,5$%$6%69+0&)$-$/%8,153$/%b>%-"#17-3(#8("9("-)'(#*/@&/%,A:/-+#O0'$%J>%kD(6$/%-3%K088023$%)16$&1,6)01,8%-3%K;l;L;Q;>O03&/>%!V%,3%"Z%/$46$'@&$%]^V"m>%Q0()+6+%403&%8nJ1B0&',6)01%5&,'',6)(,8$>%G,&)/>%]^VX>%4;%_V!V%K8,3-$%<,5:5$%4,&8$%,)1/)%-$%a%8,%B)1$//$%,1,8H6)23$%$6%8,%/+-3(6)01%-?+(&)63&$%-$%A$17$1)/6$%b>%K8,3-$<,5:5$>%a%A$17$1)/6$%$6%8,%8)153)/6)23$%-$%8,%4,&08$%b>%)1%17-3(#8("9("-)'(#*/@&/%,A:/->%O0'$%]>%Q0()+6+403&%8nJ1B0&',6)01%5&,'',6)(,8$>%G,&)/>%]^VX>%4;%]^_;!^%K,69$&)1$%}$&@&,6Pf&$((9)01)%+(&)6%,)1/)%M%a%%~�Ä%($6%+6011,16%'+8,15$%$1B)1%-$%/+&)$3[>%-$-+/)170863&$>%$6%-$%ÅB31Å>%$6%($66$%B088$%83()-)6+%u%23)%1$%/016%4,/%/,1/%103/%B,)&$%4$1/$&%4,&B0)/%\Ç)665$1/6$)1>%70)&$%\%S$E)/%K,&&088%�o%F6%(9$I%A$17$1)/6$%M%($66$%8)'4)-)6+%7)@&,16$>%8?+8+5,1($%$6%8,4,84)6,6)01%-?31$%+(&)63&$%\%8,23$88$%L08,1-%A,&69$/%1?,%4,/%',123+%-$%&$(011,{6&$%8$/%7$&63/>%-?,4&:/%83)/)%&,&$/%-,1/%8$%-)/(03&/%69+0&)23$>%-3%Å/6H8$Å�%o%=,)/%,3%B,)6%M%($%23$%A$17$1)/6$%$6%D3/6)1%103/%0BB&$16$1%(0''31>%1$%/$&,)6P($%4,/%31%($&6,)1%$3*-)-%#,/#'(N'(%p%b>%K,69$&)1$%}$&@&,6Pf&$((9)01)>%a%F;A$17$1)/6$%$6%8,%69+0&)/,6)01;%!;%S,%4&,5',6)23$%-3%8,15,5$%kA$17$1)/6$%$6%D3/6)1m%b>%)1%17-3(8("9("-)'(#*/@&/%,A:/->%O0'$%J>%Q0()+6+%403&%8nJ1B0&',6)01%5&,'',6)(,8$>%G,&)/>%]^VX>%4;%YY;"Z%K$%23?)8%-+B)1)6%,7$(%A,3-$8,)&$>%$6%23?01%6|(9$&,%-$%-+(037&)&%483/%80)1;

]V

)1(01/()$16%-,1/% 8,%-+',&(9$%-$%R&$3->% 8,%',1):&$%-016%($83)P()%$/6%-+4$1-,16%-?31$

&$4&+/$16,6)01% -$% /,% 8,153$>% 23?)8% 4&0C$66$% /3&% 8$% 4/H(9)/'$;% K$66$% ,1,8H/$% 1?$/6% 4,/

C3/6$% 31% &$5,&-% 40&6+% /3&% -$/% (01-)6)01/% -$% 4$1/+$% 23?01% 403&&,)6% -)&$% 9)/60&)23$/>

(3863&$88$/>%)1-)7)-3$88$/>%$88$%$/6%,3//)%1+($//,)&$'$16%4,&6,5+$%4,&%8?,1,8H/6$>%\%23)%8$

&$5,&-%$/6%&$1-3;%J8%/$%4,//$%$1%$BB$6%-,1/%8?,1,8H/$%($%23$%A$17$1)/6$%-)6%\%4&040/%-3

-),8053$% -,1/% 8,% (3&$M% a%.3% /$38% B,)6% -$% 8?,880(36)01>% ($83)% 23)% 4,&8$% -$% 83)P'e'$

)1/6,88$% 8?,36&$%$1%/0)%$6%4,&% 8\% /$% /,)/)6% 83)P'e'$>% /$%(01B&016$% ~�Ä%b"];%f1%$/6% )()% \

8?0440/+% -$% 8,% 7)/)01% -$% 8?,1,8H/$% -,1/% 8?,169&040805)$% -$% S+7)PQ6&,3//>% ,1,8H/$% 23)

)'48)23$% 8,% -)/4,&)6)01% -$% ($83)% 23)% 0@/$&7$>% /01% &$5,&-% +6,16% 31% +(3$)8% \% 8,% /,)/)$

)''+-),6$% -$/% &+,8)6+/% -3% '01-$;% Q)% 8$% &$5,&-% $/6% 1)+>% /)% ($% 23$% 7)/$% 8?,1,8H/$% $/6

8?,@/$1($%-$%6036%&$5,&->%,80&/% )8%1?$/6%4,/%\%31%/$38%'0'$16%23$/6)01%-?)16$&&05$&%/,

4&04&$%',1):&$%-$%70)&>%/,%4&04&$%',1):&$%-$%-)&$;%S0&/23$%A$17$1)/6$%6&,7,)88$%/3&%8$/

K,6+50&)$/% -?D&)/606$>% )8% (&+$% ($66$% +(036$% 403&% /01% 4&04&$% -)/(03&/>% 8?,1,8H/$% 83)

4$&'$6%-$%B,)&$%4&05&$//$&%8,%-+(037$&6$%-$%/01%4&04&$%)1(01/()$16;

S0&/23$% A$17$1)/6$% +(&)6% \% 4&040/% -$% 8,% 4/H(9,1,8H/$% M% a%6036% ,1101($% )()

8?,7:1$'$16% -?31$% 6$(91)23$% 23)% B,)6% -3% 8,15,5$% /01% (9,'4%-?,(6)01% $6% 8?)1/6&3'$16

4&)7)8+5)+%-$%/01%$BB)()$1($%b"!>% )8%1$%/+4,&$%4,/% 8$%4&0C$6%-?31$%4/H(9,1,8H/$%$6%($83)

-?31$% 8)153)/6)23$;% J8% -+B)1)6% ($% 23?$/6% 31$% ,1,8H/$>% $6% ($% 23?$88$% B,)6;% K$66$% ,1,8H/$

23?+(&)6%/$801%'0)%A$17$1)/6$%\%(9,23$%)1/6,16>%$/6%,36,16%-$%8?0&-&$%-$%8,%4/H(9,1,8H/$

23$%-$%8?$6910,1,8H/$;%K?$/6%,3%7&,)%/$1/%-3%6$&'$%31$%*"*3Q)(%h%($%23?)8%,44$88$%31$

2/3'/%&3&.-(;%J8%1?$/6%4,/%/$38%\%$1%-011$&%8,%-)&$(6)01>%8?)163)6)01;%F88$%$/6%-+C\%(9$I%R;

A0,/% 80&/23$% ($83)P()% 4,&8$% 4,&% $[$'48$% $1% ]^ZV% -,1/% 31$% -$/% 4,&6)$/% -$% /01

I"'%&,/2'-&"# '&% [*",O&&\# &=# F7(%-2*"# I",-*"# <*"./*.()>% -$% a#G"2&")2-&/)

B:*%*2'(%# &=# 3-"./-)'-2# K:("&7("*#b% É% -3% (,&,(6:&$% )1(01/()$16% -$/% 49+10':1$/

8)153)/6)23$/%h% $88$% $/6% -+C\% (9$I% F;% Q,4)&>% 23)% )16)638$% $1% ]^!_% 31% ,&6)(8$>% a% R:(

G"2&")2-&/)# K*''(%"-".# &=# 8(:*9-&%# -"# >&2-('Q%b% k% 23$% C$% 6&,-3)&,)/% 4836w6%M% a%S,

4&0-3(6)01% )1(01/()$16$% -$/% B0&'$/% -$% 8,% /0(),@)8)6+%b""% 4836w6% 23?\% (016&$P/$1/>

a%S?)1B83$1($%-$/%'0-:8$/%)1(01/()$16/%/3&%8$%(0'40&6$'$16%/0(),8%b"Xm;%%F;%Q,4)&%+(&)6>

($%/016%8$/%-$&1):&$/%8)51$/%-$%/01%,&6)(8$%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"]%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8$%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+%4;%__;"!%IO-,;>%4;__""%O&,-3(6)01%/355+&+$%4,&%=)(9$8%D-1:/;"X%J8%/?,5)6%-$%8,%6&,-3(6)01%-011+$%-,1/%8,%6&,-3(6)01%B&,1T,)/$%$1%]^`_%4,&%K9&)/6),1%A,3-$806%$6%G)$&&$K8)123,&6;%i0)&%F-E,&-%Q,4)&>%F"':%&$&3&.-(>%O0'$%]>%B/3'/%(#('#$(%)&""*3-'5>%=)13)6>%G,&)/>%]^`_;

]^

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~C$%6&,-3)/"`%MÄ%l03/%-$701/%,44&$1-&$%\%,70)&%-$%8,%C0)$%-,1/($66$%483/% 8,&5$% 8)@$&6+%-?e6&$% B)-:8$%\%-$/%')88)$&/%-$%/3@6)8$/% B0&'$/%-$%(0'40&6$'$1623$% 103/% 1$% 403701/% C,',)/% $/4+&$&% (0'4&$1-&$% $1% 6$&'$/% $[48)()6$/;% S?,1,8H/$(0'48:6$%$6%8$%(016&w8$%(01/()$16%23)%7)$16%,7$(%31$%,1,8H/$%(0'48:6$%1$%/016%,3%')$3[23?31$%'+-$()1$%-$%8,%/0()+6+>%101%/,%103&&)63&$;%l03/%1$%-$701/%C,',)/%103/%4$&'$66&$\%103/P'e'$/%-$%/3@/6)63$&%8$/%',)5&$/%(,80&)$/%-$%8,%(011,)//,1($%403&%8,%7),1-$%$6%8$4,)1% -$% 8?$[4+&)$1($% 9)/60&)23$;% S?$[4+&)$1($% 9)/60&)23$% 4$36% e6&$% 69+0&)23$'$16(011,)//,@8$>%',)/%5,&$%\%($%23n$88$%1$%/0)6%C,',)/%48$)1$'$16%(0113$%-,1/%8,%(01-3)6$-$%8,%7)$%-$%(9,23$%C03&;

f1%106$&,%-?,@0&->%'e'$%/)% 8?$[4&$//)01%1?$/6%4,/%,443H+$>%23$% 8?,1,8H/$%403&

Q,4)&>% 4$36% e6&$%31$%75,(2-"(#,(# 3*# )&2-5'5% ka% ':(#7(,-2-"(#&=# )&2-('Q% bm>% ($%23)%'$

/$'@8$% )'40&6,16% \% &$8$7$&>% -,1/% 8,% '$/3&$% 0g% )8% 4,&6)()4$% \% 31% /H'40/)3'% /3&

8?)1(01/()$16;%l03/%70H01/%23$%Q,4)&%$/6%(01/()$16%-?31%$BB$6%-$%8?,1,8H/$%/3&%($83)%23)

0@/$&7$>%$6%23)%$/6%&$170H+%\%83)P'e'$>%\%8,%B0&'$%-$%/,%4$1/+$;%=,)/%($%1?$/6%4,/%6036;

K$%23$%103/%70H01/>%(?$/6%23$%Q,4)&%B,)6%8,%(&)6)23$%-?31$%,1,8H/$%23)%4&+6$1-&,)6%\%8,

(01/()$1($% 606,8$% -$% ($% 23?$88$% 0@/$&7$;% G03&% 83)>% 01% 1$% -0)6% C,',)/% 03@8)$&% 23$

8?$[4+&)$1($%$/6%4&$'):&$>%$6%23$%(?$/6%$88$%23)%B,)6%8,%/0()+6+%ka%':(#7(*'#*",#O%(*,#&=

:-)'&%-2*3# (N$(%-("2(# bm;%Q$801% '0)>% Q,4)&% B,)6% 31% 4$3% 8,% 'e'$% &$',&23$% 23?<$1&)

=$/(9011)(%80&/23?)8%-)6%23$%a%8,%5&,'',)&$%(03&6%,4&:/%8$%-)/(03&/%b"_;%.,1/%8$%'e'$

/$1/>%A$17$1)/6$% -)6% ,3//)% a%1)9)8% $/6% )1% 3-"./*% 230-% 101% 4&)3/% B3$&)6% )1%&%*'-&"(%b"V>

&)$1%1?$/6%-,1/% 8,% 3*"./(% 23)%1?,3&,%-?,@0&-%+6+%-,1/% 8$%,-)2&/%)>% -,1/% 8,%9&-N;%G03&

Q,4)&>%)8%B,36%,44&$1-&$%8,%C0)$%-?31$%8)@$&6+%483/%5&,1-$%ka%](#7/)'#3(*%"#'&#'*\(#@&Q#-"

':(#3*%.(%#=%((,&7#b_%-?31$%,1,8H/$%23)%1$%(01/)/6$%4,/%-,1/%8?(N$3-2-'*'-&"%ka%^(#2*"

"(9(%#:&$(#'&#/",(%)'*",#-"#(N$3-2-'#'(%7)#bm;%K$()%/?0440/$%\%8?)-+$%-?31$%483/%5&,1-$

8)@$&6+%23$%8?01%,(23$&&,)6%-,1/%8,%&,6)01,8)/,6)01;%Q,4)&%,3%(016&,)&$>%4,&8$%-$%',)5&$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"Y%F-E,&-%Q,4)&>%a%O9$%U1(01/()03/%G,66$&1)15%0B%A$9,7)0&%)1%Q0()$6H%b>%)1%R:(#G"2&")2-&/)#6#F>Q7$&)-/7>%F;Q;%.3''$&>%$-;m>%}104B>%l$EPÑ0&d>%]^!_>%&$4&)/%-,1/%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%YY^;"`%K9&)/6),1%A,3-$806%$6%G)$&&$%K8)123,&6%1$%6&,-3)/$16%4,/>%)8/%&+/3'$16>%)8/%@&0-$16%M%a%K$%23)%103/)16+&$//$%-,1/%8,%(01-3)6$%/0(),8$>%($%1$%/016%4,/%8$/%B0&'$/%-+(8,&+$/%23)%/n)'40/$16%\%8n,66$16)01;%K$/016%8$/%')88)$&/%-$%'0-:8$/%-$%(0'40&6$'$16%23)%103/%+(9,44$16%$6%23)%1$%/016%C,',)/%$[48)()6+/;Sn,1,8H/$%606,8$>%8,%4&)/$%-$%(01/()$1($%23n$88$%$16&,{1$%53+&)//$16%',)/%1$%103&&)//$16%4,/;%l$%8|(901/4,/%8,%4&0)$%-$%8n$[4+&)$1($%403&%8n0'@&$%-3%/,70)&;%b"_%Q$801%8?$[4&$//)01%-?<$1&)%=$/(9011)(;"V%F')8$%A$17$1)/6$>%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%k]^`Xm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%]"];

!Z

(,80&)$/% -$% (011,)//,1($% a%':(# )'*%9(3-".# 2*3&%-()# &=# \"&^3(,.(# bm;%=,)/% )8% 40/$% 31

,36&$% 6H4$%-$%(011,)//,1($%23)%$/6% 8,%(011,)//,1($%-$% 8?$[4+&)$1($>%-$% 8?)163)6)01>%-$

8?)1(01/()$16%M%a%8,%7),1-$%$6%8$%4,)1%-$%8?$[4+&)$1($%9)/60&)23$%b%ka%':(#7(*'#*",#O%(*,

&=#:-)'&%-2*3#(N$(%-("2(%bm;%Q,4)&%4,&8$%-?31$%8)@$&6+%-,1/% 8,%B)-+8)6+%\%-$/%')88)$&/%-$

/3@6)8$/%B0&'$/%-$%(0'40&6$'$16/;%K$()%1$%7$36%4,/%-)&$%23$%8?01%,@,1-011$%8?,1,8H/$

4,&($% 23?01% 1$% 4$36% 4,/% 8,% '$1$&% \% /01% 6$&'$;% S?)-+$% -$% a%B)-+8)6+%b% k3&Q*3'Qm% $/6

$//$16)$88$% )()%M% ($% 23$% -)6% Q,4)&>% (?$/6% 23?01% 1?$/6% 4,/% 1+($//,)&$'$16% a%B)-:8$%b% \% 8,

/3@6)8)6+%-$/%B0&'$/%-$%7)$%80&/23?01%8$/%$[48)()6$;%Q,4)&%4&040/$%31$%,36&$%,1,8H/$;%J8

B,36% &$'016$&% 23$823$/% 8)51$/% 483/% 9,36% 403&% 8,% -)/6)153$&% ')$3[;% Q,4)&% +(&)6% M% a#I"

.%(*'#^&%\)#&=#':(#-7*.-"*'-&"#=&%7#-)#)-."-=-2*"'#&"3Q#-"#)&#=*%#*)#^(#=((3#&/%)(39()#'&

O(# -"# -')# .%-$0# I'# -)# /"-7$%())-9(#^:("# ,-9/3.(,# -"# ':(# (N$3-2-'# '(%7)# &=# ':-)# &%# ':*'

)-7$3(#&%#2&7$3(N#*%%*".(7("'#&=#\"&^"#(3(7("')#b>%23$%C$%6&,-3)/%,)1/)%M%a%.,1/%8$/

5&,1-$/%v37&$/%-$%8?)',5)1,6)01>%8,%B0&'$%$/6%/)51)B),16$%/$38$'$16%-,1/%8,%'$/3&$%0g

103/% 103/% /$1601/% 103/P'e'$/% e6&$% 4&)/% 4,&% $88$;% F88$% $/6% 101P)'4&$//)7$% 80&/23$

-)73853+$% -,1/% 8$/% 6$&'$/% $[48)()6$/% -$% 6$8% 03% 6$8% /)'48$% 03% (0'48$[$% ,&&,15$'$16

-?+8+'$16/%(0113/%b;%S$% &,44&0(9$'$16%-$% 8?,1,8H/$%-$% 8,% (3863&$% $6% -$% 8?,1,8H/$%-3

40:'$%$/6% 6&:/% )'40&6,16$;%f1%70)6%23$%Q,4)&% &+B8+(9)6%\% 8,%)-."-=-*"2(>%',)/% 603C03&/

,3//)%4,&%8,%23$/6)01%-$%8,%B0&'$%k$*''(%"m%M%8,%a%B0&'$%b%-,1/%8$%40:'$%$6%8,%B0&'$%-$

7)$%-?31$%(3863&$>%8?)17$16)01%-?31$%B0&'$%-$%7)$>%-$%/0(),@)8)6+;%K$%23?)8%70)6>%$6%103/

7$&&01/% 483/% 80)1% 23$% (?$/6% ,3//)% 8$% 40)16% -$% 73$% -$% A$17$1)/6$% /3&% 8$% 40:'$>% (?$/6

23?$[48)()6$&%31%40:'$%03%31$%B0&'$%-$%7)$%1$%4$36%4,/%/?H%/3@/6)63$&>%$6%-3%'0)1/%1?H

$/6%4,/%a%B)-:8$%b%ka%3&Q*3'Q%bm;%f1%4$36%H%/3@/6)63$&%-$/%6$&'$/%$[48)()6$/>%',)/%($%/$&,

,36&$%(90/$>%-$%',)5&$/%(,80&)$/%$6%101%8,%7),1-$%$6%8$%4,)1%-$%8?$[4+&)$1($%9)/60&)23$;

L$',&2301/% ($()>% 23$%4&0/0-)23$'$16% 8,% 49&,/$% 8)$% =&%7% É% )-."-=-2*"'% É% =*%% É% =((3% P

&/%)(39();%Q,4)&%+(&)6%M%a%=&%7#-)#)-."-=-2*"'#&"3Q#-"#)&#=*%#*)#^(#=((3#b>%$6%($%23$%8?01

70)6% @)$1% \% 4&+/$16% (?$/6% ($% &,44&0(9$'$16% =&%7% É% =((3%M% (?$/6% 8$% (01($46% -$% =&%7`

=((3-".Va%k/$16)'$16%-$%8,%B0&'$m%/)%)'40&6,16%(9$I%Q,4)&>%$6%23)%'$6%8,%7)$>%8?)163)6)01>

8?)1(01/()$16>%8?$[4+&)$1($%,3%4&)1()4$%-$%8?9)/60)&$;%K0''$%80&/23$%Q,3//3&$%4,&8$%-$

a%/$16)'$16% -$% 8,% 8,153$%b>% 8?)16$88)5$1($% $/6% &$1-3$% \% ($3[% 23)% B016% 8,% 8,153$>% \

8?)163)6)01;%K9$I%Q,4)&%a%=((3-".%b>%(0''$%8$%a%/$16)'$16%b%(9$I%Q,3//3&$>%($%1?$/6%4,/

8?+'06)01>% 8$%/$16)'$16%(016&$% 8,%&,)/01%k230)23?31$%($&6,)1$%B0&'$%-$%&,6)01,8)/,6)01

/0)6% $BB$(6)7$'$16% (&)6)23+$m>% ',)/% (?$/6% 31$% )16$88)5$1($% k/$16)'$16m% )163)6)7$% -3

B01(6)011$'$16% -?31% /H/6:'$;% f1% 70)6% (0''$% ($8,% 1$% /$% -)BB+&$1()$% 4,/% -$% 8,%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"^%i0)&%4;%X`%$6%`Y;

mvargas

!]

4&0-3(6)01%)1(01/()$16$%-$/%B0&'$/%-$%8,%/0(),@)8)6+%ba#R:(#G"2&")2-&/)#K*''(%"-".#&=

8(:*9-&%# -"#>&2-('Q#bm;%Q,4)&%$[48)23$%23$% 8,% B0&'$%$/6% /)51)B),16$%/$38$'$16%-,1/% 8,

'$/3&$%0g%103/%103/%/$1601/%103/P'e'$/%$%-)%4,&%$88$>%$6%C3/6$%$1/3)6$%)8%,C036$%23?01

1$% 4$36% 4,/% /3@/6)63$&% \% ($66$% $[4+&)$1($>% ,3% 40:'$>% -$/% a%6$&'$/% $[48)()6$/%b>% -$/

a%+8+'$16/%(0113/%b%k)8%4,&8$%-$%a%-)73853$&%b>%(0''$%/?)8%H%,7,)6%,3//)%-3%'H/6:&$%\

1$% 4,/% 6&,9)&m;% K?$/6% 23$% 8$% 40:'$% B,)6% ,36&$% (90/$;% F6% 23?)8% $/6% 8?$[4+&)$1($% -?31

)1(0113>%=*%%k80)1>%,3%80)1m>%-?31$%,86+&)6+>%($%23)%103/%+80)51$%-$%103/%ka%&/%)(39()%bm;

G03&% A$17$1)/6$% ,3//)% 8?,1,8H/$% 6&,1/B0&'$% 8?,1,8H/6$;% K$% 23$% 8?01% -0)6% /,1/

-036$%106$&%(?$/6%23$%8$%6&,7,)8%/3&%-$/%/H/6:'$/%-$%4$1/+$%80)16,)1/%&$1-%40//)@8$%31

6$8%6&,7,)8;%G03&%A$17$1)/6$%a%8,%(01/()$1($%-$%/0)%1?$/6%40//)@8$%23$%/)%$88$%/?+4&037$

4,&%(016&,/6$%bXZ>%8?,86+&)6+%$/6%/)'48$'$16%-,1/%8$%8,15,5$>%-,1/%8$%-),8053$;

S0&/23$% A$17$1)/6$% 4&040/$% -$% 4$1/$&% 8$% 4&0C$6% -?31$% /()$1($% -$% 8,% (3863&$>

-?31$%2/3'/%&3&.-(>% )8%$[48)23$%8,%$%-7*/'5%-$%8,% 8)153)/6)23$>%23)%$/6%$1%'e'$%6$'4/

31$%4&)',36+%-3%8,15,5$X]%M

.,1/% ($% 23)% $/6% -+C\% 6$16+% /3&% 8$% -0',)1$% /0(),8>% 8,% 4&)',36+% -$% 8,% 8)153)/6)23$% $/6037$&6$'$16% &$(0113$;%K$%1?$/6%4,/%-3% 6036%$1%7$&63%-?31$%4&)',36+% )16&)1/:23$>%',)//)'48$'$16% 4,&($% 23$% 103/% /0''$/% ,7$(% 8,% 8,153$% ,3% B01-$'$16% -$% 6036$% 7)$% -$&$8,6)01;X!

S,% 8,153$% 0&5,1)/$>% -")'-'/(UV% 8,% 7)$% /0(),8$;% F88$% $/6% 'e'$% ($% 23)% 8,% &$1-

40//)@8$>%$88$%$/6%*/#=&",(7("'%-$%6036$%7)$%-$%&$8,6)01XX;%S,%8,153$%4$&'$6%8,%&$8,6)01>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XZ%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!`Z;X]%l0601/%23$%-,1/%($/%'0'$16/%01%4,&8,)6%-$%8,%8)153)/6)23$%(0''$%a%/()$1($%4)806$%b;X!%F')8$%A$17$1)/6$>%a%Q6&3(63&,8)/'$%$6%8)153)/6)23$%b>%k31%$16&$6)$1%-$%G)$&&$%.,)[%,7$(%F')8$A$17$1)/6$m>%<()#<(''%()#=%*"E*-)()>%1r%]!X!%k!XP"Z%C3)88$6%]^`Vm>%4;%]ZP]"%h%&$4&)/%-,1/%8$/%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+#P>%*,88)',&->%G,&)/>%]^_X>%4;%!`;X"%K?$/6%8$%/$1/%-3%6$&'$%-?-")'-'/'-&"%80&/23$%A$17$1)/6$%)16)638$%31%-$%/$/%037&,5$/%<(#9&2*O/3*-%(#,()-")'-'/'-&")#-",&`(/%&$5(""();%#$%&$170)$%\%'01%,1,8H/$%\%4&040/%-3%6$&'$%-$/%6$&'$/%-")'-'/'-&">-")'*"2(>%-")'*"'>%-")'*/%(%>%-")'-'/(%;%KB;%K980+%S,48,16)1$>%K&5'-4/(#,/#2&"2($'#6#17-3(#8("9("-)'(>'+'0)&$%-$%.FD%k/03/%8,%-)&$(6)01%-$%*+&,&-%.$//01/m>%U1)7$&/)6+%G,&)/%V>%C3)1%!ZZ">%4;%]Y;%D3//)%\106&$%,&6)(8$>%\%4,&,{6&$>%a%F')8$%A$17$1)/6$+#<(#9&2*O/3*-%(#,()#-")'-'/'-&")#-",&`(/%&$5(""()%b>%\4,&,{6&$%-,1/%8$%&$(3$)8%-$/%6&,7,3[%!ZZ_P!ZZV%-3%R(N'(#1'%*".(%>%5&034$%-$%&$(9$&(9$%-3%.+4,&6$'$16-?F63-$/%S)66+&,)&$/%D158,)/$/>%(088$(6)01%a%O&,7,3[%$6%.0(3'$16/%b>%G&$//$/%31)7$&/)6,)&$/%-$i)1($11$/>%Q,)16P.$1)/;XX%F1%]^`V%k8,%'e'$%,11+$m%-,1/%a%Q6&3(63&$%-$%8,%8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b>%A$17$1)/6$%+(&)6%Ma%S$%8,15,5$%$/6%403&%8?90''$%31%'0H$1>%$1%B,)6%8$%/$38%'0H$1%-?,66$)1-&$%8?,36&$%90''$>%-$%83)6&,1/'$66&$%$6%-$%&$($70)&%-$%83)%31%'$//,5$;%G,&%(01/+23$16%8$%8,15,5$%40/$%$6%/3440/$%8?,36&$;J''+-),6$'$16>%8,%/0()+6+%$/6%-011+$%,7$(%8$%8,15,5$;%S,%/0()+6+%\%/01%603&%1$%6)$16%$1/$'@8$%23$%4,&8?3/,5$%(0''31%-$%/)51$/%-$%(0''31)(,6)01;%J''+-),6$'$16>%8$%8,15,5$%$/6%-011+%,7$(%8,%/0()+6+;D)1/)%(9,(31$%-$%($/%-$3[%$16)6+/>%8,153$%$6%/0()+6+>%)'48)23$16%8?,36&$%b>%F')8$%A$17$1)/6$>%a%Q6&3(63&$-$%8,%8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b%k]^`Vm>%-"#K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%^];

mvargas

!!

$1%'e'$%6$'4/%$88$%$1%4&0(:-$%\%(9,23$%)1/6,16;%K?$/6%($%-$7$1)&%)1(90,6)B%23)%$/6%')/

\%8?90&)I01%-$%8,%49&,/$>% 8,%a%&$8,6)01%b%k23)%B$&'$P037&$%8,%49&,/$m;%L$',&2301/%23$

A$17$1)/6$% 103/% )'48)23$% -,1/% /01% &$5,&-% É% a%"&/)# )&77()% ,7$(% 8,% 8,153$% ,3

B01-$'$16%-$%6036$%7)$%-$%&$8,6)01%b%kC$%/038)51$m%É%)8%103/%'016&$%($%23$%103/%B,)/01/

\%(9,23$%)1/6,16%-,1/%8,%7)$%/0(),8$>%$6%103/%&$1-%4,&P8\%'e'$%8)153)/6$/>%,1,8H/6$/%-$

103/%'e'$/>%$6%(,4,@8$/%,3//)%-?037&)&%8$/%H$3[%/3&%-?,36&$/%0&5,1)/,6)01/%/0(),8$/>%$1

+(036,16%8,%',1):&$%-016%$88$/%/$%-)/$16;

A$17$1)/6$% +(&)6% 31$% 2/3'/%&3&.-(>% 23)% $/6% ,3//)% 31$%*"':%&$&3&.-(;% K?$/6% 31$

&+B8$[)01% /3&% 8?90''$>% 3A:&77(#,*")# 3*# 3*"./(%h% a%8$% 8,15,5$% $1/$)51$% 8,% -+B)1)6)01

'e'$%-$%8?90''$%bXY;%K$66$%,169&040805)$%1?$/6%4,/%8?,169&040805)$%,3%/$1/%-$%S+7)P

Q6&,3//>%$88$%1?$/6%4,/%31$%-+',&(9$%606,8)/,16$>%1)%&+,8)/6$;%.)&$%23$%A$17$1)/6$%+(&)6

31$% ,169&040805)$% 403&&,% 4,&,{6&$% /3&4&$1,16$% ,3[% H$3[% -$% ($66$% ,169&040805)$

/6&3(63&,8$;%K0''$16%$1%$BB$6%31%8)153)/6$%403&&,)6P)8%/$%'e8$&%-?,169&040805)$%p%D%8,

8)')6$>% -$/% ,36$3&/% (0''$% A0,/>% (0''$% Q,4)&% 03% Ç90&B% 403&&,)$16% e6&$% 23,8)B)+/

-?,169&0408053$/>% (0''$% )8/% 016% 43% /?)16+&$//$&% 8)153)/6)23$'$16% ,3[% (3863&$/

)1-)$11$/%-?D'+&)23$%-3%l0&->%B03&1)&%23$823$/%-011+$/%-?)16+&e6>%',)/%A$17$1)/6$%p;

G03&% 8?,169&040805)$% /6&3(63&,8$>% )8% $/6% (8,)&%23$% 8,% 8,153$%1?$/6% 23?31%-0',)1$%-$% 8,

/0()+6+;%S,%8)153)/6)23$%4$36%4&e6$&%\%8?,169&040805)$%/$/%'+690-$/%403&%8?,44&0(9$%-$/

(3863&$/>% (0''$% 8,% 49010805)$% -$% O&03@$6Id0H>% ',)/% )8% /?,5)6% 8\% /$38$'$16% -?31$

'+690-$%&+-3)6$%\%31%036)8%h%)8%1$%/?,5)6%4,/%-$%4$1/$&%,3%8,15,5$>%-?$1%B,)&$%8$%40)16%-$

-+4,&6%-?31$%,169&040805)$;

A$17$1)/6$%+(&)6%31$%,169&040805)$>%',)/%\%106&$%/$1/>%)8%$/6%,3//)%:-)'&%-(">%$6

(?$/6%$1(0&$%8$%8,15,5$%23)%83)%-011$%8$/%'0H$1/%-$%($66$%9)/60)&$>%-$%($66$%,1,8H/$>%0g

)8% -+(037&$% 4,&% $[$'48$% 8$/% )1/6)636)01/% )1-0P$3&04+$11$/>% 8,% ',1):&$% -016% $88$/

/?)17$16$16;% J8% $/6% 9)/60&)$1% -$/% )-+$/>% -$/% )-+$/% /3&% 8$% 8,15,5$% 80&/23?)8% ,1,8H/$% 8$/

(,6+50&)$/%-?D&)/606$>%8,%4/H(9,1,8H/$%B&$3-)$11$>%8,%8,153$%-$%A,3-$8,)&$>%8,%106)01%-$

&H69'$%�% Q$801%'0)>% )8% $/6% 9)/60&)$1>% ',)/% 8$/% 9)/60&)$1/% /$&,)$16P)8/% -?,((0&-% 403&

4$1/$&% -$% ($66$% ',1):&$%p% K$% 1?$/6% 4,/% /c&;% S,% 8,153$% 1?$/6% 4,/% 403&% 8?9)/60&)$1

8?)16$&4&+6,16% -?31% '01-$;% f1% 70)6% &,&$'$16% 8$/% 9)/60&)$1/% /?,66,&-$&% -,1/% 31

23$/6)011$'$16% /3&% 8,% 7,8$3&% -$/% 106)01/% 4&04&$/% \% 31$% +4023$>% \% 31$% (3863&$>% -$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XY%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;!Y^;

!"

106)01/%23)%403&6,16%1+($//,)&$'$16%B,)/,)$16%8,%7)$%-$/%)1-)7)-3/%$6%-$/%/0()+6+/%23?)8/

(9$&(9$16%\%-+(037&)&;%S$/%9)/60&)$1/%/$&,)$16%8)153)/6$/%/?)8/%4&0(+-,)$16%,)1/);

z3$823$%(90/$%-$%/)51)B)(,6)B>%\%4&040/%-$%A$17$1)/6$>%03%4836w6%\%4&040/%-$%8,

',1):&$% -016% 01% 1$% 8$% 8)6% 4,/>% (?$/6% 23?,3% 8)$3% -$% -)&$% 23?)8% +(&)6% 31$% 9)/60)&$>% 31$

,169&040805)$>%31$%4/H(9,1,8H/$>%/)%01%1$%-)6%4,/%23?)8%$/6%8)153)/6$>%01%7,%-)&$%23?)8%$/6

49)80/049$;%D3% /$1/% ,-C$(6)7,8;% J8% ,3&,% ,)1/)% -$% 8,% 4&0B01-$3&% 03% -$% 8,% 40&6+$;% #$,1P

K8,3-$%=)81$&%-)/,)6%,)1/)%-$%A$17$1)/6$%M%a%K?$/6%8\>%$1%$BB$6>%31%(,&,(6:&$%(01/6,16%-$/

6&,7,3[%-$%A$17$1)/6$%M%@)$1%23?)8%1?,)6%23$%&,&$'$16%,-046+%$[48)()6$'$16%8$%40)16%-$

73$% 49)80/049)23$% ~�Ä% )8% ,% $3% 483/% 23?,3(31% ,36&$% 8)153)/6$% 8$% /$16)'$16% 23$% 6036$

&+B8$[)01%/3&%8$/%8,153$/%$15,5$,)6%-$/%(01(83/)01/%-$%5&,1-$%40&6+$%bX`;%F7)-$''$16>

/01%6&,7,)8%,%31$%40&6+$>%',)/%/)%01%,((0&-$%($8,%\%31%a%40)16%-$%73$%49)80/049)23$%b>

01%4,//$%\%(w6+%-3%&+$8%-$%/01%,1,8H/$>%-$%4$&/011$/%$6%-$%(3863&$/%&+$88$/>%23)%/016%/,

-)'$1/)01;% Q)% 01% 4,&8$% -$% 49)80/049)$>% (?$/6% (0''$% /)% -$% 1037$,3>% 01% 03@8),)6% 8$

8,15,5$;

A$17$1)/6$>%01%8$%70)6>%&$1-%(&)6)23,@8$%31$%&+4,&6)6)01%-3%&+$8%$1%-)/()48)1$/%-3

/,70)&;%J8%+(9,44$%1+($//,)&$'$16%\%($66$%-+(034$>%4,&($%23$%/01%,44&0(9$%4$&'$6%-$

&,H011$&% /3&% 6036% ($% 23)% 603(9$% \% 8?90''$% ka%8,% 8,153$% $/6% 8?)16$&4&+6,16% -$% 8,

/0()+6+%bX_m;%Q,%4$1/+$%$/6%(&)6)23$%-?31$%-+(034$%-3%&+$8%$1%-)/()48)1$/%-3%/,70)&>%($66$

805)23$% +6,16% 6&:/% 90'05:1$% \% 31$% 4$1/+$% &+,8)/6$% 23)% 4&+6$1-% 606,8)/$&% 8$% &+$8% $6% 8$

(011,{6&$;%G03&%A$17$1)/6$% 8$/%(90/$/% /$%4$1/$16% 6036%,36&$'$16>%4,&($%23$% 8?90''$

$/6%-,1/%8$% 8,15,5$>%$6%23$% 6036%($%23?01%403&&,%-)&$%-$% 83)% &$8:7$&,%-3% 8,15,5$%$6%/$

4$1/$&,%-,1/%8$% 8,15,5$>%-,1/%31$%8,153$%4,&6)(38):&$;%S,%4$1/+$%-$%A$17$1)/6$%1?$/6

4,/%606,8)/,16$>%$88$%)'48)23$%8?)1(0113>%($6%)1(0113%+6,16%-,1/%8$%8,15,5$%83)P'e'$;

G&040/$&%-$%4$1/$&%23$%A$17$1)/6$%/$&,)6%4/H(9,1,8H/6$%$/6%4$36Pe6&$%/3&4&$1,16

',)/% ($8,% ,% 8,% @019$3&% -$% -+48,($&% 8,% ',1):&$% -016% 01% (01T0)6% 31$% -+',&(9$% -$

&$(9$&(9$>%101%483/%(0''$%31%-)/(03&/%)/%%8$/%(90/$/>%-+',&(9$%0g%1+($//,)&$'$16%01

/$%-+6,(9$%-$%($%23$%8?01%70)6>%',)/%(0''$%8,%&$(9$&(9$%-?31%$BB$6>%-?31$%4&)/$%/3&%8$

'01-$;%K?$/6%31%7&,)% 6&,7,)8%-$% 8,%4$1/+$>%31$% ,66)63-$%-$%-+(037$&6$>% 31$% &$(9$&(9$

'$1+$%-,1/%8$%8,15,5$;%S,%106)01%-?)1(01/()$16%$/6%)()%$//$16)$88$;%S?,1,8H/$%4$&'$6%-$

B,)&$%,BB8$3&$&%31%)1(01/()$16>%(0''$%8,%4&0C$(6)01%)1(01/()$16$%-?31$%5&,'',)&$%/3&

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X`%#$,1PK8,3-$%=)81$&>%a%F')8$%A$17$1)/6$%b>%)1%1"2Q23&$*(,-*#G"-9(%)*3-)>%F-)6)01/%-$%8n1"2Q23&$*(,-*G"-9(%)*3-)>%K*%-)>%]^V`X_%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>4;%YX;

!X

8$%4/H(9)/'$%(9$I%R&$3->%($6%)1(01/()$16%+6,16%,3//)%8$%1w6&$%43)/23$%103/%8)/01/%R&$3-

/,1/%6&04%e6&$%(,4,@8$%-$%($66$%(01/()$1($>%$6%A$17$1)/6$%&$1-%40//)@8$%($%6&,7,)8>%&$1-

7)/)@8$% ($6% )1(01/()$16;% S?,1,8H/$% (&+$% 31% +7$)8;% F6% $88$% (&+$% \% /01% 603&% /01% 4&04&$

)1(01/()$16>%a%103/%1?,701/%,3%483/%23?31$%(01/()$1($%B,)@8$%$6%B35)6)7$%-$/%04+&,6)01/

23$%103/%,((0'48)//01/%403&%4,&8$&%bXV>%-)6%A$17$1)/6$;

f1%7,%(9$&(9$&%)()>%-,1/%31%4&$')$&%6$'4/>%\%B,)&$%,44,&,{6&$%8,%',1):&$%-016%-$/

8)153)/6$/% (0''$% A&+,8>% Q,3//3&$>% A0,/>% Q,4)&>% A$17$1)/6$% /$% /016% )16+&$//+/% \

8?)1(01/()$16;% S?)1(01/()$16% 1?,% 4,/% 603C03&/% +6+% 8$% (01($46% -$% 8,% 4/H(9,1,8H/$;

S?037&,5$% -$% S,1($806% Ç9H6$>% <AI"2&")2-("'# *9*"'# T%(/,>% 8$% '016&$% 6&:/% @)$1;

S?)1(01/()$16%,3%WJW$%/):(8$%$/6%483/%23?31%23$/6)011$'$16>%(?$/6%31%40)16%-$%73$;%f1

/?)16+&$//$% \% 8?9)/60)&$>% ,3[% -H1,')23$/% -$% 6&,1/B0&',6)01>% ,3[% (9,15$'$16/>% \

8?)1B)'$>% \% 8?)'4$&($46)@8$>% \% 8?)17)/)@8$% É% (?$/6% ($% 23$% 8?01% &$//$16% ,36,16% -,1/% 8$/

-+(037$&6$/%-$%8,%49H/)23$>%-$%8,%(9)')$>%-$%8?,&(9+0805)$>%-$%8?9)/60)&$>%-$%8?046)23$>

-$/%,&6/>%-$/%/()$1($/%0((386$/>%-$%8,%49)80/049)$>%-$%8,%8)153)/6)23$;%f1%/$%/037)$16%-3

7$&/%-$%i)(60&%<350%-,1/%<()#B&"'(7$3*'-&")%M%c&/)#2&"'(7$3&")#3d&O)2/%+#3d-"2&""/+

3d-"9-)-O3(;X^

S?)1(01/()$16%$/6%31%40)16%-$%73$%/3&%8$%8,15,5$%(9$I%A&+,8>%(9$I%Q,3//3&$>%(9$I

A0,/>%(9$I%Q,4)&>%(9$I%A$17$1)/6$;%F6%)8%'$%/$'@8$%)'40&6,16%-$%&$-+(037&)&%-?,@0&-

8,% 403&/3)6$% -$% ($% -),8053$>% -$% ($66$% B)8),6)01>% 23)% 1,{6% ,3% 'e'$% '0'$16% 23$% 8,

4/H(9,1,8H/$>%',)/%/?$1%-)/6)153$%,3//);

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XV%I,(7;>%4;%`";X^%i)(60&%<350>%<()#B&"'(7$3*'-&")>%S)7&$%/)[):'$>%WJi;%*,88)',&->%G,&)/>%]^_">%4;%"X";

mvargas

!Y

O<';,*:$*2:,-*+&3&5*-&(*+"7$)$#$G,-<

f1% (011,{6% 8,% 7053$% 23$% 8$% 8)7&$% -$% F;% 701% <,&6',11% <*# K:-3&)&$:-(# ,(

3A-"2&")2-("'% ,%4&07023+$%$1%R&,1($%-,1/% 8$/%,11+$%]VVZ;%f1%/,)6% ,3//)%23$%($%1?$/6

4,/% 6,16% $1% 49)80/049)$% 23?$1% B,)6% (9$I% 8$/% ,&6)/6$/>% 8$/% 4$)16&$/% $6% 8$/% 40:6$/>

/H'@08)/6$/>%23$%($66$% 69+0&)$%-$%8?)1(01/()$16%,3&,% 6&037+%31$%+(036$>%31$%403&/3)6$;

=,)/% (?$/6% ,3//)% 8?+4023$% 23)% /)'48$'$16% ,((3$)88$% $6% 4$&'$6% ($66$% 4$1/+$% -?31

)1(01/()$16% )17$16$3&% -$% 1037$88$/% B0&'$/% -$% 7)$>% (0''$% ($66$% +4023$% 7,% ,3//)

4$&'$66&$%8,%B0&',6)01%-$%8,%4/H(9,1,8H/$;

J8% 1$% 4,&,{6&,% 4,/% +6011,16% -$% 6&037$&% (9$I% Q,3//3&$% 31$% 6$88$% &+B8$[)01% /3&

8?)1(01/()$16;%S$%6$&'$%,44,&,{6%-,1/%31$%(01B+&$1($%23?)8%-011$%$1%]V^];%f1%4$1/$&,

4,&%,7,1($%\%/,%&+B8$[)01%\%4&040/%-$/%4,&,5&,''$/>%',)/%5+1+&,8$'$16%\%/,%69+0&)$%-3

8,15,5$%M

S$/% B,)6/% 8)153)/6)23$/% 4$37$16P)8/% 4,//$&% 403&% e6&$% 8$% &+/386,6% -?,(6$/% -$% 106&$708016+%p% O$88$% $/6% -01(% 8,% 23$/6)01;% S,% /()$1($% -3% 8,15,5$>% ,(63$88$>% H% &+401-,BB)&',6)7$'$16;%Q$38$'$16%)8%B,36%,C036$&%,3//)6w6%23?)8%H%,%@$,3(034%-$%-$5&+/%(0113/>(0''$%103/%/,701/>%-,1/% 8,%708016+%(01/()$16$%03% )1(01/()$16$%h%0&>%-$% 603/% 8$/%,(6$/23?01%403&&,)6%'$66&$% $1%4,&,88:8$>% 8?,(6$% 8)153)/6)23$>% /)% C$%43)/% 8$%10''$&%,)1/)>% ,% ($(,&,(6:&$% ~-?e6&$Ä% 8$% '0)1/% &+B8+(9)>% 8$% '0)1/% 4&+'+-)6+>% $1% 'e'$% 6$'4/% 23$% 8$% 483/)'4$&/011$8%-$%603/;YZ

f1%7$&&,%23$%/)%Q,3//3&$%-)6%a%8$%483/%)'4$&/011$8%b>#($8,%/)51)B)$%3(#$3/)#)&2-*3;

K$%1?$/6%4,/%31$%1+5,6)01%-$%8,%4$&/011$>%(?$/6%/$38$'$16%8?)-+$%23$%8$%8,15,5$%1$%4$36

C,',)/%e6&$%8?,(6$%-?31%/$38>%)8%)'48)23$%603C03&/%8,%/0()+6+>%)8%$1%4&0(:-$%$6%8?)17$16$;

L)$1% -$% (0''31% ,7$(% 8?)1(01/()$16% (088$(6)B% 23)% /$&,% 40/+% 4,&% #315% 483/% 6,&-%h% 8,

708016+%)1(01/()$16$>%-7$(%)&""(33(%23$%6&,7,)88$%\%4$1/$&%Q,3//3&$%$/6%31$%69+0&)$%-3

8,15,5$>% -$% 8,% 7,8$3&;% K$% 23$% Q,3//3&$% ,440&6$% ,4&:/% A&+,8>% 23)% -+C\% B,)/,)6% -$

8?)1(01/()$16%31%4&0@8:'$%8)153)/6)23$>%(?$/6%31$%-)'$1/)01%/0()0805)23$>%9)/60&)23$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YZ%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%]YZ;

!`

K$66$%&+B8$[)01%/$%403&/3)6%(9$I%A&+,8%23$823$/%,11+$/%483/%6,&-;%=)(9$8%A&+,8

1$%-)6%4,/%a%)1(01/()$16%b>%($%1?$/6%4,/%/01%(01($46>%',)/%)8%4,&8$%-$%a%708016+%0@/(3&$

',)/%4$&/+7+&,16$%b%$6%-?a%)16$88)5$1($%b%u%)8%+(&)6%M

J8% B,36% B$&'$&% 8$/% H$3[% \% 8?+7)-$1($% 403&% 1$% 4,/% 70)&% 23?31$% 708016+% 0@/(3&$>% ',)/4$&/+7+&,16$>%4&+/)-$%,3[%(9,15$'$16/%-3%8,15,5$;%Y];

f1% 8$% 70)6>% ($66$% &+B8$[)01% -$/% 8)153)/6$/% /$% -+&038$% -,1/% 31%'e'$% 6$'4/% 23$

($83)%-$%8,%1,)//,1($%-$%8,%4/H(9,1,8H/$;%K0''$%C$%8?,)%-)6>%(?$/6%31$%+4023$%,7$(%/$/

23$/6)011$'$16/%4&04&$/%23)%8$%4$&'$6;%K$%/016%-01(%-$/%(9$')1/%31%4$3%-)BB+&$16/%23)

/$% B016% M% )8% H% ,% 31% )1(01/()$16% -$/% 8)153)/6$/% 23)% 1?$/6% 4,/% 8?)1(01/()$16% -$% 8,

4/H(9,1,8H/$;

R&,1I%A0,/>% 23)% $/6% 8$% (016$'40&,)1%-$%Q,3//3&$>% 40/$% $1(0&$>% $6% -$%',1):&$

6&:/%4&0(9$%-$%($88$%-$%Q,3//3&$>%8,%23$/6)01%-?31%)1(01/()$16%8)153)/6)23$>%+(&)7,16%M

I'# ^&/3,# )((7# ':*'# ':(# ())("'-*3# ,-==(%("2(# O('^(("# 3-"./-)'-2# $:("&7("*# *",# &':(%(':"&3&.-2*3# $:("&7("*# -)+# ':*'# ':(# 3-"./-)'-2# 23*))-=-2*'-&")# "(9(%# %-)(# -"'&2&")2-&/)"())+#^:-3(#-"#&':(%#(':"&3&.-2*3#$:("&7("*+#*3':&/.:#':(#)*7(#/"2&")2-&/)&%-.-"# $%(9*-3)+# ':()(# &='("# %-)(# -"'&# 2&")2-&/)"())+# *",# ':/)# .-9(# %-)(# '&# )(2&",*%Q%(*)&"-".# *",# '&# %(`-"'(%$%('*'-&")0% Y!% ~f1% 6&,-3)6% MÄ% J8% ,44,&,{6&,)6% 23$% 8,% -)BB+&$1($$//$16)$88$% $16&$% 8$/%49+10':1$/% 8)153)/6)23$/% $6% 8$/% ,36&$/% 49+10':1$/% $6910805)23$/$/6>%23$%8$/%(8,//)B)(,6)01/%8)153)/6)23$/%1$%/?+8:7$16%4,/%\%8,%(01/()$1($>%,80&/%23$%-,1/8$/% ,36&$/% 49+10':1$/% $6910805)23$/>% @)$1% 23$% 8,%'e'$% 0&)5)1$% )1(01/()$16$% 4&+7,8$>($3[P()% /?+8:7$16% /037$16% \% 8,% (01/()$1($>% $6% ,)1/)% B016% /?+8$7$&% -$/% &,)/011$'$16//$(01-,)&$/%$6%-$/%&+P)16$&4&+6,6)01/;Y"

K$%1?$/6%4,/%8?)1(01/()$16%/6&3(63&,8)/6$>%($83)%4,&%$[$'48$%-$%S+7)PQ6&,3//>%23)

-)&,%23$% 8,%/6&3(63&$%-?31$% 8,153$%$/6% )1(01/()$16$%4,&($%23?31% 80(36$3&%1?,%4,/% )-+$

-$/%0440/)6)01/%49010805)23$/%4,&%$[$'48$>%$6%23$%/$38%8?,1,8H/6$%4$36%'$66&$%,3%C03&

($6% )1(01/()$16>%4&)7+%\% 8,% (01/()$1($%-3%(0''31;%K$%1?$/6%4,/% ($66$% /(9)I$% $16&$% 8$

/,70)&% $6% 8,% 7)$;% K9$I%A0,/>% 8?)1(01/()$16% 1?$/6% 4,/% 31$% 4&)7,6)01% -$% (01/()$1($%M% 8$

80(36$3&%1?,%4,/%(01/()$1($%-$/%(,6+50&)$/%23$% 8?,1,8H/6$%-?31$% 8,153$%0@/$&7$>%',)/

$1%'e'$%6$'4/%($6%)1(01/()$16%$/6%4&0-3)6%\%(9,23$%)1/6,16%-,1/%8$%-)/(03&/%4,&%($83)

23)%4,&8$%($66$%8,153$>%43)/23$%-,1/%8,%8,153$%8$/%/3C$6/%4&0-3)/$16%-$/%%*-)&""(7("')

)(2&",*-%()% ('# ,()# %5`-"'(%$%5'*'-&")# 23)% &+)17$16$16% 8$/% 49+10':1$/% $6910805)23$/>%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y]%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>%4;%"Z;Y!%R&,1I%A0,/>%J16&0-3(6)01%60%[*",O&&\#&=#F7(%-2*"#I",-*"#<*"./*.()>%U1)7$&/)6H%0B%l$@&,/d,%G&$//>S)1(081%$1-%S01-01>%]^``%4;%`";%S$%6$[6$%4,&,{6%\%8?0&)5)1$%$1%]^]]%-,1/%8$%8/33('-">%UW>%-3%A3&$,3%0BD'$&)(,1%F6910805H;

mvargas

!_

(?$/6P\P-)&$%8,%(3863&$;%f1%$/6%4&0(9$%)()%-$%8,%)57-&3&.-(#,(#3*#3*"./(%23$%A$17$1)/6$

+(&)&,%@)$1%483/%6,&->%0g%8,%8,153$%$/6%8?)16$&4&+6,16%-$%8,%/0()+6+;

Q3)7,16%($66$% B)8),6)01%-$% 8)153)/6$/%23)%-+B)1)//$16%31% )1(01/()$16%-H1,')23$>

'06$3&% -$% 8?9)/60)&$>% F-E,&-% Q,4)&% $1% ]^!]% -,1/% /01% 037&,5$% <*"./*.(% +(&)&,% 4,&

$[$'48$%23$%M%%

R:(#3*'("'#2&"'("'#&=#*33#3*"./*.()#-)#':(#)*7(#e#':(#-"'/-'-9(#/()$1($#&=#(N$(%-("2(%YX~#$%6&,-3)/%M%Ä%S$%(016$13%8,6$16%-$%6036$/%8$/%8,153$/%$/6%8$%'e'$%É%8,%)2-("2(%)163)6)7$-$%8?$[4+&)$1($;

Q,4)&% B,)6%-3%a%8,6$16%b%101%4,/%31%-+C\P8\%-$% 8,% 8,153$>%',)/%31$%,7$163&$%-3

/3C$6;% S,% a%/()$1($%b% $/6% ')/$% -3% (w6+% -3% 80(36$3&>% -$% 8?)163)6)01>% -$% 8?$[4+&)$1($;

K0''$% (9$I% A$17$1)/6$% 80&/23$% ($83)P()% +(&)6% -,1/% a%K,6+50&)$/% -$% 4$1/+$% $6

(,6+50&)$/%-$%8,153$b%$1%]^YV%\%4&040/%-?D&)/606$%M

J1(01/()$''$16%)8%,%4&)/%403&%(&)6:&$%8,%1+($//)6+%$'4)&)23$%-?31$%(N$%())-&"#-)/6)1(6$403&%(9,(31%-$/%4&+-)(,6/%YY

K016&,)&$'$16% \% ($% 23$% #,(23$/%.$&&)-,% $6% -?,36&$/% 49)80/049$/% 016% (0'4&)/>

($6%)1(01/()$16%1?$/6%31$%,@/$1($%-$%(01/()$1($>%A$17$1)/6$%1$%-)6%4,/%-?D&)/606$%23?)8

)1(01/()$16>% )8% -+(&)6% -,7,16,5$% 8,% ',1):&$% -016% D&)/606$% &+P)17$16$% 8,% 4$1/+$>

-"2&")2-(77("';%A$17$1)/6$%+(&)6%-,1/%($%'e'$%,&6)(8$

S?31% $/6% 23$% 8,% &+,8)6+% -$% 8,% 8,153$% H% ~-,1/% /$/% 3/,5$/Ä% -$'$3&$% $1% &:58$% 5+1+&,8$)1(01/()$16$%h% 90&')/% 8$% (,/% -?+63-$% 4&04&$'$16% 8)153)/6)23$>% 103/% 1?,701/% ,3% 483/23?31$%(01/()$1($%B,)@8$%$6%B35)6)7$%-$/%04+&,6)01/%23$%103/%,((0'48)//01/%403&%4,&8$&;S?,36&$%$/6%23$>% /)% ,@/6&,)6$/%03%/)%4,&6)(38):&$/%23$%/0)$16% 8$/%04+&,6)01/%-$% 8,%4$1/+$>$88$/%&$T0)7$16%$[4&$//)01%-,1/%8,%8,153$;Y`

J8% /?,5)&,% -$% @)$1% '016&$&% 23$% ($6% )1(01/()$16% /?0440/$% (0'48:6$'$16% \

8?)1(01/()$16% /6&3(63&,8)/6$>% ($83)% -$% S+7)PQ6&,3//>% 4,&% $[$'48$;% K$% 23$% -+(&)6

A$17$1)/6$%$/6%4&0(9$%-$%($%23$%70H,)6%-+C\%A0,/;%K$3[%23)%4,&8$16%1?016%4,/%@$/0)1%-$

/,70)&% (0''$16% B01(6)011$% 8$3&% 8,153$% 403&% 4,&8$&;% J8/% $1% &+)17$16$16% 8$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y"%#?,1,8H/$%($%4,//,5$%\%483/)$3&/%&$4&)/$/>%4;%__>%_V>%]Y!>%]^V;YX%F-E,&-%Q,4)&>%<*"./*.(>%F"#I"'%&,/2'-&"#'&#':(#>'/,Q#&=#>$((2:%k]^!]m><,&(03&6>%l$E%Ñ0&d>%]^X^>4;!]V;YY%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%k]^YVm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%_Z;Y`%I,(7;>%4;%`";

mvargas

!V

B01(6)011$'$16% -?31$% ',1):&$% )1(01/()$16$;% J8/% &+)17$16$16% 8?)1(01/()$16% -$% 8$3&

4&04&$%8,153$;

K$% 23$% 103/% ,4$&($701/% -+C\>% (?$/6% 23$% 8?)1(01/()$16% (9$I% A&+,8>% Q,3//3&$>

A0,/>% Q,4)&>% A$17$1)/6$% k01% 403&&,)6% ,C036$&% =,3//m% 1?$/6% 4,/% 8$% 6$&'$% -?31$

4/H(9,1,8H/$%$[(83/)7$'$16>%',)/%8$%6$&'$%-?31$%*"':%&$&3&.-(;%F6%/,1/%-036$%'e'$

(9$I%R&$3->% 8?-"2&")2-("'% $/6P)8% ,3//)% ,7,16% 6036% 8$% (01($46% -?31$% ,169&040805)$% 23?)8

(01/6)63$;% F1% 6036% (,/>% )8% $/6% 8$% 6$&'$% (8+% -?31$% &+B8$[)01% 23)% 0((34$% 6036$% 8,% B)1% -3

WJW$%/):(8$;

l0601/%23$%8?-"2&")2-("'>%$1%6,16%23$%/3@/6,16)B%$1%B&,1T,)/%$/6%,66$/6+%$1%]V__

(0''$%4&0(+-,16%-$%8?)'4,(6%-$%8,%6&,-3(6)01%4,&%.;%l08$1%-$%8?037&,5$%-?F-3,&-%701

<,&6',11>%K:-3&)&$:-(#,()#G"O(^/))'("+#k]V`^m%É%K:-3&)&$:-(#,(#3A-"2&")2-("';%K$66$

,11+$% ]V__% $/6% ,3//)% ($88$% -$% 8,% /$(01-$% +-)6)01% -3%S)66&+>% 23)% -+B)1)6% ,)1/)% 8$% 6$&'$

a%)1(01/()$16%b%M%a%O$&'$%-$%49)80/049)$;%Sn)1(01/()$16>%8,%4,&6)$%-$/%,(6)01/%1,63&$88$/

23)% 1n016% 4,/% (01/()$1($% -n$88$/P'e'$/;% S,% 49)80/049)$% -$% 8n)1(01/()$16>% /H/6:'$% -$

49)80/049)$%-$%=;%-$%<,&6',11%b;%K$%23)%)1-)23$%8?+7)-$16%/3((:/%-$%($%8)7&$;

!^

V<';,*:$*2:,-*+&3&L(52257-<

J8% 4,&,{6% /3&4&$1,16% -$% 4,&8$&% -$% Q,3//3&$% ,7,16% -$% 4,&8$&% -$% A&+,8>% ',)/% @)$1

+6&,15$'$16>% (?$/6% 8,% (9&010805)$% -$/% B,)6/% 23)% 8?)'40/$;% z30)23$% 8,% (9&010805)$

)'40&6$%4$3>%$6%23$%-?31%,36&$%40)16%-$%73$>%01%,3&,)6%43%/)'48$'$16%-)&$%23$%Q,3//3&$

103/% -011$% 8$/% '0H$1/% -?)16$&4&+6$&% A&+,8>% $6% 23?)8% B,88,)6% ,)1/)% (0''$1($&% 4,&

Q,3//3&$;

S$%6$&'$%-?-"2&")2-("'%,44,&,{6%(9$I%Q,3//3&$%-,1/%/,%a%G&$'):&$%(01B+&$1($%b%\

8?U1)7$&/)6+% -$% *$1:7$>% $1% 107$'@&$% ]V^];% S,% -)/(3//)01% $/6% &$4&)/$% 4,&% A&+,8>

4&$/23$% -,1/% 8$/% 'e'$/% 6$&'$/>% 23$823$/% ,11+$/% 483/% 6,&-% -,1/% /01% 1))*-# ,(

>57*"'-4/(>%$1%]V^_%M

z3$88$% $/6% -01(% 8,% /$(01-$% (01-)6)01% )'48)23+$% 4,&% 8$%'06% -$% /()$1($% 9)/60&)23$%pK?$/6% 23$% 8?0@C$6% 23)% B,)6% 8,% ',6):&$% -$% 8?9)/60)&$% É% 4,&% $[$'48$% 8?,&6>% 8,% &$8)5)01>% 8$(0/63'$>% $6(;% É% &$4&+/$16$>% -,1/% 31% /$1/% 23$8(0123$>% -$/% *2'()# :/7*-")>% &+5)/% 4,&% 8,708016+% $6% 8?)16$88)5$1($% 93',)1$/>% u% $6% 23)% -?,)88$3&/% -0)7$16% e6&$% 6$8/% 23?)8/1?)16+&$//$16%4,/%/$38$'$16%8?)1-)7)-3%',)/%8,%(088$(6)7)6+;S$/% B,)6/% 8)153)/6)23$/% 4$37$16P)8/% 4,//$&% 403&% e6&$% 8$% &+/386,6% -?,(6$/% -$% 106&$

708016+%p% O$88$% $/6% -01(% 8,% 23$/6)01;% S,% /()$1($% -3% 8,15,5$>% ,(63$88$>% H% &+401-,BB)&',6)7$'$16;%Q$38$'$16%)8%B,36%,C036$&%,3//)6w6%23?)8%H%,%@$,3(034%-$%-$5&+/%(0113/>(0''$%103/%/,701/>%-,1/% 8,%708016+%(01/()$16$%03% )1(01/()$16$%h%0&>%-$% 603/% 8$/%,(6$/23?01%403&&,)6%'$66&$% $1%4,&,88:8$>% 8?,(6$% 8)153)/6)23$>% /)% C$%43)/% 8$%10''$&%,)1/)>% ,% ($(,&,(6:&$% ~-?e6&$Ä% 8$% '0)1/% &+B8+(9)>% 8$% '0)1/% 4&+'+-)6+>% $1% 'e'$% 6$'4/% 23$% 8$% 483/)'4$&/011$8%-$%603/;%J8%H%,%8\%31$%-)BB+&$1($%-$%-$5&+>%23)%7,%/)%80)1%23?$88$%,%80156$'4/-011+%8?)883/)01%-?31$%-)BB+&$1($%$//$16)$88$>%',)/%23)%1?$/6%$1%&+,8)6+%23?31$%-)BB+&$1($-$%-$5&+/;Y_

Q,3//3&$>% -,1/% 31% -+@,6% 23)% ,1)'$% /01% +4023$>% '016&$% $1% 230)% 8?+63-$% -3

8,15,5$% $6% -$/% 8,153$/% -0)6% ,44,&6$1)&% ,3[% )2-("2()# :-)'&%-4/()% $6% 101% ,3[% /()$1($/

1,63&$88$/%h%$1%($8,%)8%403&/3)6%8$/%)-+$/%-$%A&+,8;%F1%$BB$6%@$,3(034%-$%8)153)/6$/>%-,1/

31$%+(036$%$&&01+$%-$%8,%69+0&)$%-$%8?+70836)01%-$%.,&E)1>%,7,)$16%70383%4$1/$&%23$%8,

8,153$%+6,)6%/$'@8,@8$%\%31%e6&$%7)7,16>%7)7,16%/,%7)$%4&04&$>%1,)//,16>%/$%-+7$8044,16

$6%'03&,16;%K?$/6%-,1/%31$%0440/)6)01%7)7$%\%-$%6$88$/%73$/%23$%8$/%/6,636/%-$%8,%Q0()+6+

-$% 8)153)/6)23$% -$% G,&)/% /?+6,)$16% -+C\% +(&)6/% ,34,&,7,16>% $1% ]V``>% ,7$(% ($% B,'$3[

a%D&6)(8$%!%b%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y_%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%]YZ;

"Z

S,%Q0()+6+%1?,-'$6%,3(31$%(0''31)(,6)01%(01($&1,16>%/0)6%8?0&)5)1$%-3%8,15,5$>%/0)6%8,(&+,6)01%-?31$%8,153$%31)7$&/$88$;YV

K$%23)%&,//$'@8$% 8$%4&0C$6%-$% 8,%Q0()+6+%-$% 8)153)/6)23$%-$%G,&)/%$6% 8$%4&0C$6%-$

Q,3//3&$>% (?$/6% 8?)16+&e6% 403&% 8,% 9-(Ca;% S,% 8)153)/6)23$% $/6% ,80&/% $1% $BB$6% 8,&5$'$16

'+(,1)/6$>%$1B$&'+$%-,1/%8?+-)(6)01%-$%80)/%-?+70836)01`Z>%B,)/,16%-)/4,&,{6&$%($3[%23)

4,&8$16%8$/%8,153$/%$6%7)7$16;%Q)%8,%Q0()+6+%&$B3/$%8?)-+$%-?31$%8,153$%0&)5)1,)&$%$6%-$%8,

(&+,6)01%-?31$% 8,153$%31)7$&/$88$>%(?$/6%23?$88$%7$36%4$1/$&% 8,% 8,153$%(0''$%8,153$P

(3863&$>%8?0&)5)1,8)6+%-?31%7)7&$>%8,%',1):&$%-016%)8%/$%-)6>%$6%8?9)/60)&$%h%(?$/6%($%23$%8,

Q0()+6+% 40/,)6% $1% $BB$6% (0''$% /,% 4&$'):&$% 7)/+$% -,1/% 8?a%D&6)(8$% G&$')$&%b% -$% /$/

/6,636/%M

S,%Q0()+6+%-$%S)153)/6)23$%,%403&%@36%8?+63-$%-$/%8,153$/>%($88$%-$/%8+5$1-$/>%6&,-)6)01/>(0363'$/>% -0(3'$16/>% 4037,16% +(8,)&$&% 8,% /()$1($% $69105&,49)23$;% O036% ,36&$% 0@C$6-?+63-$/%$/6%&)503&$3/$'$16%)16$&-)6;

Q)% Q,3//3&$% 6&$16$% ,1/% 483/% 6,&-% 7$36% 4$1/$&% 8?+63-$% -$/% 8,153$/% (0''$% 31$

/()$1($%:-)'&%-4/(>% (?$/6% 4,&($% 23?)8% /?)16+&$//$% \% ($%'037$'$16% )'4$&($46)@8$% $6% -$

(9,23$%)1/6,16>%23)%B,)6%23$%8,%8,153$%-$7)$16%,36&$;%.,1/%/,%a%.$3[):'$%(01B+&$1($%b>

Q,3//3&$% 4,&8$&,% ,)1/)% -$/% 40&6&,)6/% -$% A053/8,E/d)>% ($6% a%0&)5)1,8%b% /?+6,16

490605&,49)+%&+538):&$'$16%4$1-,16%7)156%,1/%$6%,H,16%$[40/+%,)1/)%8$/%31/%\%(w6+%-$/

,36&$/%/$/%XVZ%40&6&,)6/;%J8%H%,%($6%)16+&e6%(9$I%Q,3//3&$%403&%8?)'4$&($46)@8$>%8$%B35,($>

É%a%(?$/6%4,&%8$%B,)6%'e'$%23$%8$/%/)51$/%/$%(016)13$16%23?)8/%*%%-9("'%\%/?,86+&$&%b`]%É

)8% /?,5)6% -?31% )16+&e6% 403&% 8?,7$163&$% -$/% /3C$6/;% Q,3//3&$% 6&,7,)88$% \% &$-011$&% \

8?)163)6)01% /01% )16$88)5$1($>% $6% 'e'$% &$'$6% 8?)16$88)5$1($% \% 8?)163)6)01>% ($% 23$% B$&,

+5,8$'$16%A&+,8%k103/%8$%8)&01/%483/%80)1m;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YV%f1%&$6037$%($/%a%Q6,636/%-$%8,%Q0()+6+%-$%8)153)/6)23$%-$%G,&)/%b>%23)%-,6$16%-3%V%',&/%]V``>%$1037$&63&$%-$%603/%8$/%13'+&0/%-3%8/33('-"#,(#3*#>&2-5'5#,(#<-"./-)'-4/(%-$43)/%8$%4&$')$&%13'+&0%$1]V`^;Y^%D%8?$16&+$%a%0&)5)1$%-3%8,15,5$%b%-?31%J1-$[%23$%Q,3//3&$%4&+70H,)6%\%/01%8)7&$%-$%8)153)/6)23$5+1+&,8$>%01%8)6%%a%fLJ*JlF%.U%SDl*D*F%M%J1,1)6+%-$%8,%23$/6)01%403&%23)%4&$1-%31$%C3/6$%)-+$%-$%($23?$/6%31%/H/6:'$%/+')0805)23$%$6%-$%/$/%(01-)6)01/%-$%9-(>%,7,16%-$%(01/)-+&$&%/$/%(01-)6)01/%-$5$1:/$>%4;%ZZZ;%J8%1?H%,%,3(31%'0'$16%0g%8,%5$1:/$%-)BB:&$%(,&,(6+&)/6)23$'$16%-$%8,%9-(%-3%8,15,5$>%$68?$//$16)$8%$/6%-?,70)&%(0'4&)/%8,%7)$;%a%%kR$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>*,88)',&->%G,&)/>%!ZZ!>%4;%!!Vm;`Z%#$%B,)/%&+B+&$1($%$1%4&$')$&%,3%6&,7,)8%-?D353/6%Q(98$)(9$&>%/,1/%-036$%8$%483/%(0113%$6%&+7+8,6$3&%-$($66$%6$1-,1($%\%@)0805)/$&%8,%8,153$%h%C$%4$1/$%,3//)%\%=,[%=Ö88$&%k23)%4,&%,)88$3&/%+6,)6%31%,36$3&,44&+()+%-$%=,88,&'+m;`]%R$&-)1,1-%-$%Q,3//3&$>%~l06$/%403&%8$%(03&/%JJJ%k]^]ZP]^]]m%M%l+($//)6+%-$%8?,86+&,6)01%-$/%/)51$/%M/H1(9&01)$%$6%-),(9&01)$Ä>%)1%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>4;%"!^;

"]

.,1/% 8$% 6$[6$%-$% 8,%a%G&$'):&$%(01B+&$1($%b>%103/%70H01/%Q,3//3&$%-)/(36$&% 8$/

106)01/%-$%9&3&"'5>%-$%2&")2-("2(>%$6%-?-"2&")2-("';%Q,3//3&$%B,)6%/$%-+48,($&%8,%708016+

-$%8,%/49:&$%-$%8,%(01/()$1($%\%($88$%-$%8?)1(01/()$16;%S?,(6)7)6+%-$%8,15,5$%1?$/6%4,/

403&% 83)% -$% 8?0&-&$% -$% 8,% 4&+'+-)6,6)01>% ($% 1?$/6% 4,/% 31% ,(6$% a%&+B8+(9)%b;% .,1/% 8$

4,//,5$%()6+%()P-$//3/>% )8%$/6% )16+&$//,16%-$%106$&% 8?3/,5$%-$% 8,%106)01%-?-7$(%)&""(3#M

a%8?,(6$% 8)153)/6)23$>% /)% C$% 43)/% 8$% 10''$&% ,)1/)>% ,% ($% (,&,(6:&$% ~-?e6&$Ä% 8$% '0)1/

&+B8+(9)>%8$%'0)1/%4&+'+-)6+>%$1%'e'$%6$'4/%23$%8$%483/%)'4$&/011$8%-$%603/%b;%z3$8

$/6% 8$% /$1/% -$% ($6% -7$(%)&""(3%p% G3)/23?$1% $BB$6>% )8% 1$% 4$36% 4,/% e6&$% 23$/6)01% (9$I

Q,3//3&$%-$%603&1$&%8$%-0/%\%8,%4$&/011$;%f1%/$%-$',1-$%/)%)()%3(#$3/)#-7$(%)&""(3#1$

/)51)B)$%4,/%3(#$3/)#)&2-*3;%D)1/)%8$%483/%)1-)7)-3$8%$6%8$%483/%(088$(6)B%$1%'e'$%6$'4/;

l01%/$38$'$16%-,1/%8$%/$1/%0g%8$%8,15,5$%$/6%(0''31%\%8,%/0()+6+%-$/%90''$/>%',)/

,7,16%6036%-,1/%8$%/$1/%0g%8?,(6$%-$%8,15,5$>%43)/23$%Q,3//3&$%4,&8$%4&+()/+'$16%)()%-$

a%8?,(6$% 8)153)/6)23$% b>% 1?$/6% C,',)/% 31% ,(6$% 43&$'$16% )1-)7)-3$8>% ',)/% 7)$16% -?31

-),8053$% $6% 8$% 4&0-3)6>% 7)$16% -$% 8,% /0()+6+% $6% 8,% 4&0-3)6% \% 1037$,3;%f1% 6&037$&,% (9$I

Q,4)&%23$823$%(90/$%-?,//$I%4&0(9$%h%Q,4)&%+(&)6%$1%]^!]%-,1/%/01%037&,5$%<*"./*.(%M

a%<*"./*.(# -)# ':(# 7&)'# 7*))-9(# *",# -"23/)-9(# *%'# ^(# \"&^+# *# 7&/"'*-"&/)# *",

*"&"Q7&/)#^&%\#&=#/"2&")2-&/)#.("(%*'-&")%b`!%É%a%S$%8,15,5$%$/6%8?,&6%8$%483/%',//)B

$6% )1(83/)B% 23$% 103/% (011,)//01/>% 31% 6&,7,)8% (080//,8% $6% ,101H'$% -$% 5+1+&,6)01/

)1(01/()$16$/%b;% S?,101H'$% k8?)1(01/()$16m% $/6% $1% 'e'$% 8?)1(83/)B>% (?$/6P\P-)&$>

8?)16$&/3@C$(6)7,16;%K9$I%Q,3//3&$>% 8?)1-)7)-3$8% 1?$[)/6$% 23$% 4,&% 8$% (088$(6)B%h% )8% 1?H% ,

4,/%-$%7,8$3&%$1%-$90&/%-3%(088$(6)B;%K?$/6%($%23$%103/%70H01/%$1%8)/,16%8$/%(,9)$&/%-$

/$/% +63-),16/>% -,1/% 8?+-)6)01% (&)6)23$% -3% B&/%)# ,(# 3-"./-)'-4/(# .5"5%*3(# +6,@8)$% 4,&

L3-08B%F158$&%M

]VX"%fg%$[)/6$P6P)8>%-,1/%31%0&-&$%23$8(0123$%x%31%/H/6:'$%-$%7,8$3&/>%/)%($%1?$/6%y%-$4,&%8,%(088$(6)7)6+%p%U1%)1-)7)-3%6036%/$38%$/6%)1(,4,@8$%-?$1%B)[$&%,3(31$;

]VX"%K,&%)8%1?H%,%-$%7,8$3&%23$%-,1/%31$%(088$(6)7)6+;%S?)1-)7)-3%1$%(011,{6%8,%7,8$3&23$%-$%4,&%8,%(088$(6)7)6+;

]VX"%D3(31$%7,8$3&%1$%9*/'>%1?$/6%(0113$%4,&%8?)1-)7)-3;%F88$%1?$/6%(0113$%23$%4,&%8,(088$(6)7)6+;

]VX"%K,&%31$%7,8$3&%1?$[)/6$%23$%-,1/%8$%')8)$3%/0(),8>%23$%4,&%8,%(088$(6)7)6+`"

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`!%F-E,&-%Q,4)&>%<*"./*.(0#F"#I"'%&,/2'-&"#'&#':(#>'/,Q#&=#>$((2:>%<,&(03&6%A&,($%,1-%K0'4,1H>%Q,1.)$50%É%l$E%Ñ0&d%É%S01-01>%]^!]>%4;%!!Z;`"%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%+-)6)01%(&)6)23$%4,&%L3-08B%F158$&><,&&,//0E)6I>%Ç)$/@,-$1>%]^`_>%B,/()(38$%!>%4;%!YY;

"!

K$/% B0&'38,6)01/% /?0440/$16% $1% B,)6% \% ($% 23$% 8$/% &+-,(6$3&/% -3% B&/%)# ,(

3-"./-)'-4/(#.5"5%*3(%016%43@8)+%(0''$%+6,16%8,%4$1/+$%-$%Q,3//3&$%M

S,%(088$(6)7)6+%$/6%1+($//,)&$%403&%+6,@8)&%-$/%7,8$3&/%-016%8?31)23$%&,)/01%-?e6&$%$/6-,1/% 8?3/,5$%$6% 8$% (01/$16$'$16%5+1+&,8%h% 8?)1-)7)-3%\% 83)% /$38% $/6% )1(,4,@8$%-?$1% B)[$&,3(31$;`X

K$66$% B0&'38,6)01%',&23$% 31$% )1/)/6,1($% /3&% 31% a%(01/$16$'$16% 5+1+&,8%b>% /3&

31$%($&6,)1$%a%(017$16)01%b%É%23)%'?,44,&,{6%e6&$%31%(016&$P/$1/%-$%8,%2&"9("'-&"%6$88$

23?$88$%$/6%-+7$8044+$%-,1/%8,%4$1/+$%-$%Q,3//3&$`Y;%S,%(017$16)01%)()>%$16$1-3$%-01(

(0''$%8$%a%(01/$16$'$16%5+1+&,8%b%É%$[4&$//)01%23$%103/%1$%6&03701/%1388$%4,&6%-,1/

8$/%(,9)$&/%É%/$'@8$%e6&$%-011+$%(0''$% 8,% B)1,8)6+%-3% 8,15,5$;% J8% /?,5)6%-$%a%B)[$&%b>

-?a%+6,@8)&%-$/%7,8$3&/%b%É%($66$%$[4&$//)01%$1(0&$%31$%B0)/%1$%/$%&$6&037$%1388$%4,&6>%$6

$88$%$/6%@)$1%(016&,)&$%\%8,%4$1/+$%-$%Q,3//3&$>%23)%$/6%31$%4$1/+$%-$%8?9)/60&)()6+%$6%-3

-$7$1)&%4,&%8$%8,15,5$>%4,&%8?)17$16)01%-$%8,%7,8$3&;%K$%23$%8?01%$16$1-%B)1,8$'$16%$1

8)/,16% 8$% B&/%)# ,(# 3-"./-)'-4/(# .5"5%*3(>% ($% 23$% 8?01% &$6)$16>% (?$/6% ($66$% )-+$% 23$

a%8?)1-)7)-3%\%83)%/$38%$/6%)1(,4,@8$%-?$1%B)[$&%,3(31$%b>%($%23)%1?$/6%4,/%8$%4&040/%23$

103/%6&03701/%-,1/%8$/%(,9)$&/>%'e'$%/)%($66$%'e'$%49&,/$%4$36%,44,&,{6&$;%L$8)/01/%8$

4&$')$&%(,9)$&%M%a%fg%$[)/6$P6P)8>%-,1/%31%0&-&$%23$8(0123$%x%31%/H/6:'$%-$%7,8$3&/>%/)

($%1?$/6%y%-$%4,&%8,%(088$(6)7)6+%p%U1%)1-)7)-3%6036%/$38%$/6%)1(,4,@8$%-?$1%B)[$&%,3(31$

b;%J()>%,3%(016&,)&$%-$%($%23$%103/%8)/)01/%-,1/%8$%B&/%)>%(?$/6%31$%($&6,)1$%(01($46)01

-$%8,%a%(088$(6)7)6+%b%23)%$/6%,3%6&,7,)8>%$6%'e'$%403701/P103/%-)&$%23$%a%(088$(6)7)6+%b

1$%/$'@8$%4,/%-+/)51$&%)()%31%$1/$'@8$>%31%6036%0@C$(6)B%-$%4$&/011$/>%',)/%31%4&0(:/%M

a%$*%%8,%(088$(6)7)6+%b;%D)1/)>%a%31%)1-)7)-3%6036%/$38%b>%4&$1-%8$%/$1/%-$%a%31%)1-)7)-3

90&/%-$%8,%(088$(6)7)6+%b>%31%)1-)7)-3%90&/%-3%-),8053$>%,80&/%23$%-$%8?,36&$%(w6+>%a%31

)1-)7)-3% \% 83)% /$38%b% &$/6$% -,1/% 31$% &$4&+/$16,6)01% /0()0805)23$>% 8?0440/)6)01% -$% 8,

/0()+6+%$6%-$%8?)1-)7)-3>%8?0440/)6)01%-$%8,%8,153$%$6%-$%8,%4,&08$``;%S,%-)BB+&$1($%4,&,{6

')1($>%',)/%$16&$%8$/%-$3[%)8%H%,%8?$/4,($%-?31$%69+0&)$%-3%8,15,5$%23)%$/6%8\>%03%23)%$/6

,@/$16$;%S?+-)6)01%-3%B&/%)%)1/)/6$>%(0''$%C$%8$%-)/,)/>%/3&%8?)-+$%-?31%+6,@8)//$'$16>

-?31$%B)[,6)01>%-?31%a%(01/$16$'$16%5+1+&,8%b>%23,1-%103/%6&03701/%,3%(016&,)&$%-,1/

8$/%(,9)$&/%31$%4$1/+$%-$% 8?9)/60)&$>%31$%-H1,')23$%-$% 8?,86+&)6+%4,&% 8?)17$16)01%-$% 8,

7,8$3&;% J8% B,36% &$',&23$&>% (0''$% C$% 8$% 106,)/% -+C\>% ($66$% $[4&$//)01% 23)% &$7)$16% -,1/%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`X%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%43@8)+%4,&%K9,&8$/%A,)88H%$6%D8@$&6%Q+(9$9,H$$1%]^]`>%+-)6)01/%G,H06%$6%L)7,5$/>%G,&)/>%]^_!>%4;%]Y_;`Y%i0)&%4;]^"%$6%/3)7,16$/

""

603/%8$/%(,9)$&/%M%a%$*%%8,%(088$(6)7)6+%b;%S,%2&33(2'-9-'5>%23)%$/6%-01(%)()%4$1/+$%(0''$

31$%,(6)7)6+>%-+B)1)6%4&+()/+'$16%31$% -"'(%)/O@(2'-9-'5;%F6% 8?)1/)/6,1($%-,1/% 8$/%(,9)$&/

40&6$%/3&%($66$%)16$&/3@C$(6)7)6+>%($66$%)1-)//0(),@)8)6+%-3%/3C$6%$6%-$%8,%/0()+6+>%101%/3&

31% ,@/6&,)6% (01/$16$'$16% 5+1+&,8;% K?$/6% C3/6$% -+C\% 31$% 23$/6)01% 4&0/0-)23$;% Q)% 8?01

0@/$&7$%31)23$'$16%8$/%B)1/%-$%49&,/$/>%01%70)6%8,%-)BB+&$1($%-$%23$/6)011$'$16%h%-?31

(w6+% 01% ,(($163$% a%8?3/,5$% $6% 8$% (01/$16$'$16% 5+1+&,8%b% $6% a%)1(,4,@8$% -?$1% B)[$&

,3(31$%b%$6%-$%8?,36&$%01%,(($163$%a%4,&%8,%(088$(6)7)6+%b;

K?$/6% 8,% 23$/6)01% -$% 8?-7$(%)&""(3% 23)% 103/% ,% $16&,{1+/% -,1/% 8,% 8$(63&$% -$/

(,9)$&/% -$% /$/% +8:7$/;% K$% (9$')1$'$16% 103/% 4$&'$6% 31% +(8,)&,5$% 1037$,3% /3&% 8,

-)/(3//)01% -?31% )1(01/()$16% (9$I% Q,3//3&$;% L$7$101/% /3&% ($66$% 49&,/$M% a%8?,(6$

8)153)/6)23$>% /)% C$% 43)/% 8$% 10''$&% ,)1/)>% ,% ($% (,&,(6:&$% ~-?e6&$Ä% 8$%'0)1/% &+B8+(9)>% 8$

'0)1/%4&+'+-)6+>%$1%'e'$%6$'4/%23$%8$%483/%)'4$&/011$8%-$%603/%b;%Q,3//3&$%4,&8$%-$

8?a%,(6$% 8)153)/6)23$%b%É%-01(%-?31%,(6$%1+($//,)&$'$16% )1-)7)-3$8>%',)/% )8% 8$%23,8)B)$

-?a%)'4$&/011$8%b;%K$()%&,44$88$%($%23$%A$17$1)/6$%+(&)6%$1%]^`V%-,1/%a%Q6&3(63&$%-$

8,%8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b%\%4&040/%-?31$%%5*3-'5#)/$%*-",-9-,/(33(%h%)8%+(&)6

23$% 8,% 8,153$% $/6% a%8?+',1,6)01% )&&+-3(6)@8$% -3% /0)% 8$% 483/% 4&0B01-% -,1/% (9,23$

)1-)7)-3>% $/6% $1% 'e'$% 6$'4/% 31$% &+,8)6+% /34&,)1-)7)-3$88$% $6% (0$[6$1/)7$% \% 8,

(088$(6)7)6+% 6036% $16):&$%b`_%M% 8,% 8,153$% 1$% 4$36% C,',)/% e6&$% 31$% &+,8)6+% 43&$'$16

)1-)7)-3$88$>%,7$(%8,% 8,153$%01%$/6%1+($//,)&$'$16%-,1/% 8,%(088$(6)7)6+>%4,&($%23$%a%8,

8,153$% 40/$% $6% /3440/$% 8?,36&$%b`V>% 'e'$% /)% ($83)% 23)% 4,&8$% -)6% 23$823$% (90/$

-?,@/083'$16% 1037$,3% $6% 23)% /$'@8$&,)6% $1% ($8,% +(9,44$&% \% 8,% /0()+6+% $6% &$/6$&

43&$'$16% )1-)7)-3$8>% ($% 23?)8% -)6% +',1$% -$% 8,% /0()+6+% $6% 8,% 4&0-3)6;% f1% 7$&&,% ($8,

80&/23$% A$17$1)/6$% +(&)&,% -,1/% /$/% ',13/(&)6/% \% 4&040/% -3% 8,15,5$% 40+6)23$%M% a%S$

40:6$%103/%,44&$1-%8,%95%-'5%$6%103/%&+7:8$%-+70)8$%8,%7+&)6+%%5*3-'5;%S,%7+&)6+%/3&%83)%$6

-$% 6$88$%',1):&$%23?$88$%103/%,44,&,)//$% 8,%7+&)6+%/3&%103/%h% 8,% &+,8)6+%',/23+$%4,&% 8,

(017$16)01% 03% 8?9,@)63-$% $6% 23)% @&)88$% (0''$% \% 8,% (&+,6)01% b`^;% J8% '$% /$'@8$% 23$

80&/23$% Q,3//3&$% 4,&8$% -$% 8?,(6$% 8)153)/6)23$% (0''$% -?31% ,(6$% a%)'4$&/011$8%b>% )8

-+(&)6%23$823$%(90/$%-3%'e'$%0&-&$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%``%A$17$1)/6$>%-,1/%($%/$1/%+(&)&,%a%8$%8,15,5$%40/$%$6%/3440/$%8?,36&$%b%$1%]^`V%-,1/%a%Q6&3(63&$%-$%8,8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b%k-,1/%8$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%^]m;`_%F')8$%A$17$1)/6$>%a%Q6&3(63&$%-$%8,%8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b%k]^`Vm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+#P>%4;%^^;`V%I,(7;>%4;%^];`^%8FGH1<FID1>%V>%Br_%o%Br]_;

"X

Q,3//3&$%4&040/$%-$%4$1/$&%23$% ($%23)% B,)6% 8,%',6):&$% -$% 8?9)/60)&$% ($% /016% -$/

*2'()# :/7*-")>%',)/% 23?)8% /?,5)6% ,80&/% -$% /?)16$&&05$&% /3&% 8,% 1,63&$% -$/% ($/%*2'();% J8/

/016%-$%8?0&-&$%-?31$%9&3&"'5>%$6%-?31$% -"'(33-.("2(#:/7*-"(%',)/%-$%23$88$%1,63&$%-$

708016+%4$36P01%,80&/%4,&8$&%p%ka%K?$/6%23$%8?0@C$6%23)%B,)6%8,%',6):&$%-$%8?9)/60)&$%É%4,&

$[$'48$%8?,&6>%8,%&$8)5)01>%8$%(0/63'$>%$6(;%É%&$4&+/$16$>%-,1/%31%/$1/%23$8(0123$>%-$/

*2'()# :/7*-")>% &+5)/% 4,&% 8,% 708016+% $6% 8?)16$88)5$1($% 93',)1$/>% u% $6% 23)% -?,)88$3&/

-0)7$16% e6&$% 6$8/% 23?)8/% 1?)16+&$//$16% 4,/% /$38$'$16% 8?)1-)7)-3%',)/% 8,% (088$(6)7)6+%bm;

G03&%Q,3//3&$%8?,(6$%8)153)/6)23$%1$%4$36%4,/%e6&$%4$1/+%(0''$%31%,(6$%&$8$7,16%-?31$

708016+% (01/()$16$% k)8% 1?$/6% 1)% &+B8+(9)>% 1)% 4&+'+-)6+m>% )8% 1$% 4$36% 101% 483/% e6&$% 4$1/+

(0''$%31%,(6$%4$&/011$8;%K$()%1$%/)51)B)$%4,/%23$%8$%/3C$6%/0)6%4&)/011)$&%-?31$%8,153$

23)%8$%4&)7$&,)6%-$%/01%)1-)7)-3,8)6+%$6%-$%/,%708016+>%23?01%1$%43)//$%,80&/%'e'$%483/

4,&8$&% -?*2'(>% 1)% -?9)/60)&$;% D3% (016&,)&$>% )8% /?,5)6% -$% 4$1/$&% 23$% 8?,(6$% 8)153)/6)23$

4&0(:-$% -?31$% 708016+% )1(01/()$16$% É% 8$% 80(36$3&% 1?,% 4,/% (01/()$1($% -$% ($% 23?)8% B,)6

80&/23?)8% 4,&8$>% $6% 403&6,16% )8% 4&0-3)6% @)$1% 23$823$% (90/$% -$% 1037$,3%M% 31% *2'(fW;

D)88$3&/%Q,3//3&$%+(&)6%M%a%U1%0&,6$3&%4,&8$%-$%8,%53$&&$%$6%&+4:6$%23)1I$%03%7)156%B0)/

8$%'06%./(%%(;%l03/%8$%-+(8,&01/%)-$16)23$%p%xf&%(9,23$%B0)/%23$%8$%'06%$/6%4&0101(+>

)8%H%,%-$/%,(6$/%/+4,&+/y%b_];%f1%4$1/$%@)$1%/c&%\%A$17$1)/6$%23)%-)6%23$%a%-)&$%@01C03&

603/% 8$/% C03&/%-$%/,%7)$%\%23$823?31>%(?$/6%(9,23$% B0)/%31$% &+)17$16)01%b_!;%S,%106)01

-?*2'(%(9$I%Q,3//3&$%)'48)23$%8?)-+$%-?31%-+48,($''$16>%-?31$%,(6)7)6+>%23)%603(9$%8$

/3C$6%$6%8,%(0''31,36+;

G03&%Q,3//3&$>% 8?,(6$% 8)153)/6)23$%$/6% )'4$&/011$8%4,&($%23$>%$1% 6,16%23?,(6$>% )8

1?)16+&$//$%a%4,/%/$38$'$16% 8?)1-)7)-3%',)/% 8,%(088$(6)7)6+%b;%f1%70)6%@)$1%(0''$%($6

)1(01/()$16>%($66$%9&3&"'5%)1(01/()$16$>%1?,%&)$1%\%70)&%,7$(%%8?a%)1(01/()$16%(088$(6)B%b

6$8%23$%K;%*;%#315%8$%-+B)1)&,%23$823$/%,11+$/%483/%6,&-%h%8?)1(01/()$16%-$%Q,3//3&$%1?,

&)$1% -?,&(9+6H4,8>% ,3% (016&,)&$% )8% $/6% 8?)17$16)01% -$% 1037$88$/% B0&'$/% -$% 7)$>% -$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_Z%F')8$%A$17$1)/6$%+(&)6%M%a%103/%1?,701/%,3%483/%23?31$%(01/()$1($%B,)@8$%$6%B35)6)7$%-$/%04+&,6)01/23$%103/%,((0'48)//01/%403&%4,&8$&%b>%($%23)%/)51)B)$%23$%($83)%23)%4,&8$%1?,%4,/%@$/0)1%-$%/,70)&(0''$16%B01(6)011$%/,%8,153$%403&%8,%4,&8$&;%i0)&%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6(,6+50&)$/%-$%8,153$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%`";%<$1&)%=$/(9011)(+(&)6%-?31$%',1):&$%(016)13$%\%A$17$1)/6$%M%a%K?$/6%8?,5)&%-3%8,15,5$;%J8%,5)6%/3&%103/%'e'$%/)%103/%1$/,701/%4,/%($%23?)8%103/%B,)6;%J8%8$%B,)6;%F6%)8%&$(0''$1($;%F6%01%1?$1%/,)6%4,/%483/%23$>%/3&%8$%48,1%-$%8,8,153$>%8$%80(36$3&%1$%/,)6%$6%1?,%@$/0)1%-$%/,70)&%(0''$16%$88$%B01(6)011$%403&%8,%4,&8$&%b;%<$1&)=$/(9011)(>%K&5'-4/(#,/#'%*,/-%(>%i$&-)$&>%S,5&,//$>%]^^^>%4;%]XZP]X];_]%R$&-)1,1-%-$%Q,3//3&$>%R%&-)-;7(#2&/%)#,(#3-"./-)'-4/(#.5"5%*3(#bLaLW`LaLL_#,A*$%;)#3()#2*:-(%),A17-3(#B&")'*"'-">%$-)6$-%,1-%6&,1/8,6$-%@H%F)/3d$%}0',6/3%,1-%L0H%<,&&)/>%S,153,5$%,1-K0''31)(,6)01%S)@&,&H>%i083'$%]!>%G$&5,'01%G&$//>%f[B0&-%É%l$EPÑ0&d%É%Q$038%É%O0dH0>%]^^">%4;V!;_!%F')8$%A$17$1)/6$>%a%Q6&3(63&,8)/'$%$6%8)153)/6)23$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>4;%]^;

"Y

/0(),@)8)6+;% K?$/6% 31$% 9&3&"'5% )1(01/()$16$>% 31$% -H1,')23$>% 31% '037$'$16% 7$&/

8?)1(0113;

f1%,4$&T0)6%31%4$3% 8,%',1):&$%-016% 8,%4$1/+$%-$%Q,3//3&$%/?,44,&$16$>%03%-3

'0)1/% 4,&6)()4$% -?31%'e'$% /$16)'$16>% 23$% 8,% 49)80/049)$% -$% 8?)1(01/()$16% -?F;% 701

<,&6',11;% S$% 6$[6$% -$% Q,3//3&$% ,44,&,{6% (0''$% 31$% (&)6)23$% -$%8?)-+$% -$

a%(01/()$1($%b;% Q?)8% H% ,% 31$% 708016+% 93',)1$>% 31$% 708016+% \% 8?v37&$% -,1/% 8?,(6$% -$

8,15,5$>% (?$/6% 31$% 708016+% 23)% 7,% 7$&/% /01% )1(0113%h% $88$% 1?$/6% 4,/% 31$% (01/()$1($

',{6&)/+$;

S$% &$C$6% -$% 8?)-+$% -$% (01/()$1($>% 8$% /$16)'$16% -?31$% 708016+% 0@/(3&$>% -?31

)1(01/()$16>% /$% B016% C03&% ,3% WJW$% /):(8$%h% 01% 8$/% 4&$//$16% -+C\% (9$I% Ç)89$8'% 701

<3'@08-6% -,1/% /01% 0440/)6)01% -$% 8?(%.&"% \% 8?("(%.(-*fV%h% 01% 8$/% 70)6% (9$I% Q6+49,1$

=,88,&'+% 80&/23?)8% 0440/$% 8,% a%/355$/6)01%b% ,3% a%10''$&%b>% (9$I% Q)5'31-% R&$3-

+7)-$''$16>%$6%4$36Pe6&$%-+C\%(9$I%A,3-$8,)&$%,7$(%8$/%2&%%()$&",*"2();%.$%',1):&$

+6&,15$>%)8%,44,&,{6%23$%($%WJW$%/):(8$%1?$/6%4,/%6,16%k'e'$%/?)8%8?$/6%,3//)m%8$%/):(8$%-$

8?0@C$(6)7)/'$% $6% -3% &+,8)/'$>% 23$% ($83)% -$% /,% (&)6)23$>% $1% ,&6>% $1% 49)80/049)$>% $1

8)153)/6)23$�% F6% 403&% '0)>% 8$% 6&,7,)8% -$% Q,3//3&$% $/6% \% /)63$&% -,1/% ($66$% 403&/3)6$

(&)6)23$>% -3% (w6+% -$%=,88,&'+>% -3% (w6+% -$%<,&6',11>% -3% (w6+% -$% R&$3-%�%Q,3//3&$

1?$/6%4,/%/$38;%Q,%&$(9$&(9$%$/6%\%-+(037&)&%-,1/%31$%(016)13)6+%,7$(%8$/%)16$&&05,6)01/

4&04&$/%\%/01%+4023$;%.$/%)16$&&05,6)01/%/3&%8?)1(01/()$16>%/3&%8$/%,//0(),6)01/%-?)-+$/>

8$/%/H1$/69+/)$/;;;

f1%,%-$%230)%/$%/$16)&%)1(&+-38$%-$7,16%($%23?31$%+4023$%,%B,)6%-$%Q,3//3&$%M%31

,@/6&,(6$3&>% 31% 805)()$1>% 31$% 69+0&)$% 6&:/% ,3/6:&$>% 6&:/% '+(,1)/6$>% -+/93',1)/,16$>

23$823$/% (01($46/% -?31$% ,883&$% 6$(91)()$11$>% )-."(>% )-."-=-*"'>% )-."-=-5>% $:&";7(>

)Q"'*.7(�% f1% (016)13$% -$% &$6$1)&% -$% Q,3//3&$% ($% 23?31$% +4023$% $1% ,% B,)6;% U1$

&+-3(6)01>%31$%101P+(036$;%f1%1$%8)6%603C03&/%4,/%8$/%4,&,5&,''$/>%01%8$/%4&$1-%403&

31%$[06)/'$>%31%,(()-$16>%31$% B08)$>%,80&/%23$%($% 6&,7,)8%$/6% /,1/%,3(31%-036$% 8$%483/

,7,1(+%23$%Q,3//3&$%,)6%4&0-3)6>%23?)8%-$7&,)6%e6&$%8$%40)16%-$%-+4,&6%-$%6036%6&,7,)8%8$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_"%i0)&%483/%80)1>%4;%V^;%f1%106$&,%,3%4,//,5$%($%23$%G)$&&$%K,3//,6%-,1/%8$%580//,)&$%23?)8%,C036$%\%/,6&,-3(6)01%-$/%6$[6$/%-$%Ç;%701%<3'@08-6%k&+31)/%8$%7083'$%I"'%&,/2'-&"#g#3Ah/9%(#)/%#3(#\*9-#('#*/'%()())*-)m%\%4&040/%-3%6$&'$%FO)-2:'>%23?)8%6&,-3)6%4,&%a%4&+'+-)6,6)01%b%Mi#D@/)(96 !"#$#%&'('&)*Q$%&+B:&$%,3%4&)1()4$%-$%a%B)1,8)6+%$[6$&1$%b>%23)%)'48)23$%31$%4&+B0&',6)01%0&)5)1,)&$%-3%'0H$1%4,&%8,B)1;%J1(0'4,6)@8$>%$1%6,16%23$%6$8>%,7$(%8?,(6)7)6+%-H1,')23$%-3%8,15,5$;%FO)-2:'3-2:%/?0440/$%\?^(2\7j))-.>%23)%-+/)51$%8,%B)1,8)6+%)16$&1$>%31$%403//+$%/03&-$%',)/%6$1,($>%4&0')/$%-,1/%8,%(&+,6)01-$%/$/%'0H$1/%\%-$/%-+7$8044$'$16/%)1/034T011+/;%S,%8,153$%$/6%](3'*")-2:'>%8,@$3&%)1($//,16%23)%7)/$31%'01-$%$6%/?$BB0&($%-$%8$%4&0-3)&$;%b%

"`

(01($&1,16;%f1%03@8)$%-$%4$1/$&>%,3//)%/3&4&$1,16$%23$%4,&,)//$%($66$%,BB)&',6)01>%23$

Q,3//3&$%$/6%31%90''$%-3%WJW$%/):(8$>%(0''$%,3//)%R&$3-;

D%8?+4023$%-$%Q,3//3&$%01%/?)16+&$//$%\%8,%'+-)3'1)6+>%,3[%+6,6/%-$%(01/()$1($

'0-)B)+$>% \% 8?)',5)1,)&$% (&+,6)B>% )/O3-7-"*3>% \% 8?)1(01/()$16;% f1% /?)16+&$//$% ,3

'037$'$16>% \% 8?)1/6,16>% ,3% 4&+/$16>% ,3% B35,($;% K$()% ,4&:/% A,3-$8,)&$% ,H,16% B,)6% -$

8?+6$&1$8% $6%-3% 6&,1/)60)&$%'e8+/>% 8$/%23,8)6+/% (01/6)636)7$/%-3%@$,3;%A,3-$8,)&$>% ,3//)>

6&,7,)88$%\%31$%4$1/+$%-$%8,%2&%%()$&",*"2(>%\%31$%4$1/+$%-3%2&77(>%6$&'$%',C$3&%-$

/,%40+6)23$;%D&693&%L)'@,3-%+(&)&,%$1%]V_!% 8$%40:'$%Y&Q(33()%M% (?$/6% 8?+4023$%-?31

5&,1-% )16+&e6% É% (0''$% C$% 8$% -)/,)/% -+C\% É% 403&% 8$/% /H1$/69+/)$/;% Q,3//3&$% 4,&8$

-?*))&2-*'-&">% R&$3-% 4,&8$&,% -$% =%(-(# F))&?-*'-&";% K$6% )16+&e6% 403&% 8,% (&+,6)7)6+

,//0(),6)7$% $/6% +7)-$''$16% 101% +80)51+% -$% ($83)% 403&% 8$% /4)&)6)/'$>% 8$/% $[4+&)$1($/

'+-)3'1)23$/;%f1%&$4$1/$&,%\%i)(60&%<350_X;

J8%H%,%31$%(&)6)23$%-3%&+,8)/'$>%-$%8?0@C$(6)7)/'$%23)%(03&6%6036%,3%8015%-3%WJW$

/):(8$>% 31$%(&)6)23$%-$% 8?+6$&1$8>% -$% 8?)''3,@8$>% -$% 8?)-$16)23$>% -3%7)/)@8$>% -3% (0113>

31$%&$(9$&(9$%-$%8?9)/60&)23$>%-3%'037,16>%-$%8?)'4$&($46)@8$>%-$%8?)'4&+-)(6)@8$;%K$()

,44,&,{6% 4,&% $[$'48$% -,1/% 8?)16+&e6% 403&% 8?+70836)01% -$/% $/4:($/>% 403&% 8?9)/60)&$% -$/

8,153$/% $6% -$/% (3863&$/;%F1%'e'$% 6$'4/% 8$%WJW$% /):(8$% B,)6% 1,{6&$% 8?)-+$%-$%Q()$1($>

-?0@C$(6)7)6+>%8?)-+$%-?31%&$5,&-%$1%&$8,6)01%-)&$(6$%,7$(%8$%&+$8>%31$%,@/$1($%-$%69+0&)$

-3%40)16%-$%73$_Y;%D7$(%Q,3//3&$%01%,44&$1-&,%23?01%1?,%-$%&$8,6)01%,3%'01-$%23?\

6&,7$&/%($%23?01%4$36%$1%-)&$>%\%6&,7$&/%8$%&$5,&-%23)%8$%B01-$;

z3$% 70H01/P103/% $1(0&$% /$% 4,//$&% -,1/% 8$% 603&1,16% -3%WJW$% ,3%WW$% /):(8$%p

l03/%,701/%$1%R&,1($%É%C$%8$%-)/,)/%-+C\%483/%9,36%É%31%40:6$%(0''$%=,88,&'+%,7$(%/,

4$1/+$%-$%8,%)/..()'-&">%-?31$%,7$163&$%4$&/011$88$%$6%)1B)1)$%-3%/$1/>%-$%8?+(036$;%U1$

4$1/+$%-$% 8?9)/60&)()6+>%-3% /3C$6;%S$%40:'$%1$% /$%-011$%4,/%31)7023$>% &$'48)%-$% /01

/$1/>%B)1);%S$%40:'$%1?$/6%4,/%(80/%',)/%603C03&/%/,%9-%'/*3-'5;%D3//)%=,88,&'+%(&)6)23$P

6P)8% 31$% 4$1/+$% -3% 8,15,5$% &+-3)6$% ,3% a%10''$&%b;% f1% /$% /037)$16% -$% 8,% B,'$3/$

B0&'38$%-,1/% 8?$16&$6)$1% ,7$(% #38$/% <3&$6% $1% ]V^]% 403&% 8?$123e6$% /3&% 8?+70836)01

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_X%i0)&%4,&%$[$'48$%#$,1%-$%=36)51H>%Y-2'&%#[/.&#('#3(#)$-%-'-)7(>%R$&1,1-%l,69,1>%G,&)/>%]^V];_Y%f1%&$4$1/$%\%($%23$%-)6%*+&,&-%.$//01/%-,1/%/01%8)7&$%/3&%=,$6$&8)1(d%\%4&040/%-$/%-+(037$&6$/%$1046)23$>%23)%B016%(&0)&$%\%($%8)$1%-)&$(6%$16&$%($83)%23)%&$5,&-$%$6%8$%&+$8>%/,1/%8,%'+-),6)01%-?31%40)16%-$73$>%-?31$%&$4&+/$16,6)01;%*+&,&-%.$//01/%&,44$88$%106,''$16%($%4&040/%+6011,16%-$%8?,/6&010'$Ç)89$8'%S;%O$'4$8%M%a%8?,&6%-$%70)&%$/6%$1%6&,)1%-$%/$%4$&-&$%4,&%/3)6$%-$%8?)17$16)01%-$%6036$/%/0&6$/-?)1/6&3'$16/%046)23$/%b;%i0)&%*;%.$//01/>%S*('(%3-"2\+#<(#':5k'%(#,/#$&;7(>%S,3&$1($%O$4$&>%G,&)/>!ZZY>%4;%!Z;

"_

8)66+&,)&$M% a%% l0''$&% 31% 0@C$6>% (?$/6% /344&)'$&% 8$/% 6&0)/% 23,&6/% -3% 40370)&% -$

C03)//,1($%-3%40:'$%23)%$/6%B,)6%-$%-$7)1$&%4$3%\%4$3;%S$%)/..5%(%>%70)8\%8$%&e7$%b_`;

D7,16%=,88,&'+>% ,7$(% 8$/% )'4&$//)011)/6$/>% 31$% (&)6)23$% -3% &+,8)/'$% $/6% -+C\

'$1+$;% K?$/6% 8,% (&)6)23$% $1% 4&$')$&% -3% /6,636% -$% 8?)',5$% (0''$% &$4&0-3(6)01% -$% 8,

&+,8)6+>%$6%8,%(&)6)23$%-3%/6,636%-$%8?,&6%(0''$%,&6%-?)')6,6)01;%f1%/$%/)63$%-,1/%8$%-+@,6

/,1/%($//$%&+4+6+%-3%&+,8)/'$%48,601)()$1%\%8,%40+6)23$%,&)/606+8)()$11$>%-$%8,%7-7()-)

(9$I% G8,601% 4$1/+$% (0''$% -7-'*'-&"% \% 8,% 7-7()-)% (9$I% D&)/606$% 4$1/+$% (0''$

%($%5)("'*'-&";%F6%8$/%)'4&$//)011)/6$/%4$1/$16%$1%$BB$6%31%,&6%-$%8,%&$4&+/$16,6)01>%101

31% ,&6% -$% 8?)')6,6)01;% S?,&6% $/6% (9$I% $3[% )17$16)01% -3% &$5,&-;% S$/% 6,@8$,3[% -$/

)'4&$//)011)/6$/%)1-3)/$16%($83)%23)%&$5,&-$>%)8/%'$66$16%$1%/(:1$%($%&$5,&-;%J8/%-011$16

,3%/4$(6,6$3&%31$%48,($%,(6)7$>%(&+,6)7$;%S$/%)'4&$//)011)/6$/%/?,66,(9$16>%-,1/%($%/$1/

+5,8$'$16>%\% &$4&+/$16$&% 8$% B35,($>% 8$%4&+/$16%h% )8/%/?)16+&$//$16%\%($%23)%$/6%'037,16>

8?$,3>%8$/%13,5$/>%8$%/08$)8>%8$/%83'):&$/>%8$%7$16;

Q,3//3&$%$/6%-$%($66$%+4023$>%-$%($/%23$/6)011$'$16/;%F1%]^ZZ>%Q)5'31-%R&$3-

43@8)$%H-(#R%*/7,(/'/".>%$6%O9+0-0&$%R803&10H>#H()#I",()#g#3*#$3*";'()#S*%)>%-$3[

&$(9$&(9$/%/3&%8?,(6)7)6+%-"2&")2-("'(>%)/O3-7-"*3(%-$/%/3C$6/;%.,1/%($/%'e'$/%6$'4/>

Q,3//3&$%(0''$1($%\%/?)16+&$//$&%,3[%$*%*.%*77()>%\%8?,(6)7)6+%)1(01/()$16$%-3%40:6$%$6

-3% 8$(6$3&% $6%\%/01%+(036$%B8066,16$%a%90&/%-$% 8?0&-&$%-,1/% 8$% 6$'4/%23?016% 8$/%+8+'$16/

~�Ä%90&/%-$%8?0&-&$%8)1+,)&$%b__;%K$%23)%$/6%&$')/%$1%(,3/$%-,1/%6036$/%($/%&$(9$&(9$/

(?$/6% 8,%4$1/+$%-?31%/3C$6%(01/()$16%$6%708016,)&$;%G03&%Q,3//3&$% 8$/%4,&,5&,''$/%1$

/016% 4,/% -$/% a%(,//$P6e6$/%b>% 8?$[$&()($% -?31$% ',{6&)/$% 606,8$% ,448)23+$% ,3% -)/(03&/>

',)/% ,3% (016&,)&$% 8?)1-)($% -?31$% a%)&2-*'-&"# $)Q2:&3&.-4/(% )1+7)6,@8$% $6% 4&0B01-$%b>

(?$/6P\P-)&$%8?$[$&()($%-?31%)1(01/()$16_V;%Q,3//3&$%+(&)6%,)1/)%M

K?$/6% -?,)88$3&/% ($66$% =*2-3-'5# %(3*'-9(% -$% 8?9H405&,''$% 23)% $[48)23$% /$38$% 23$8?9H405&,''$% ,)6% -?,@0&-% 43% 7)7&$>% $6% $1/3)6$% /$% 6&,1/'$66&$% (0''$% 31$% (01-)6)01)'',123,@8$% $6% )1/+4,&,@8$% -$% 6036$% (0'40/)6)01% 8)66+&,)&$% \% 6&,7$&/% 8$/% /):(8$/% $6% 8$/')8)$3[%8$/%483/%-)BB+&$16/%23?,)6%(0113/%8,%(3863&$%8,6)1$;%K?$/6%\%8,%(01-)6)01%/$38$'$1623?)8%1$%(01/6)63|6%4,/%31%5&0/%(,//$P6e6$%u%90&/%-$/%&,BB)1$'$16/%23?01%+6,)6% 603C03&/8)@&$% -$% 83)% -011$&%u% 23$% ($% C$3% ,% 43% -$7$1)&% 8?,((0'4,51$'$16% 9,@)63$8>% 403&% 6036S,6)1%23)%4&$1,)6%8,%483'$>%-$%8,%B0&'$%23?)8%-011,)6%\%/,%4$1/+$%4&$/23$%\%8?)1/6,16%0g$88$%C,)88)//,)6%-$%/01%($&7$,3>%$6%0g%)8%/015$,)6%\%8,%'$66&$%$1%4&0/$%03%$1%7$&/;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_`%Q6+49,1$%=,88,&'+>%I.-'/%+#H-9*.*'-&")+#G"#22&/$#,(#,5)>%+-)6)01%-$%A$&6&,1-%=,&(9,8>%*,88)',&->G,&)/>%!ZZ">%4;%XZY;__%=,13/(&)6%a%=/;%R&;%"^`";%K,9)$&%-?+(08)$&%/,1/%6)6&$%b%(01/$&7+%\%8,%AGU%-$%*$1:7$>%()6+%4,&%#$,1Q6,&0@)1/d)%-,1/#<()#S&')#)&/)#3()#7&')>%*,88)',&->%G,&)/>%]^_]>%4;%X`PX_;_V%i0)&%K980+%S,48,16)1$>%a%S$%/$16)'$16%-$%8,%8,153$%b>%)1%K&5'-4/(#,(#3A5'%*".(%>%Y>%L$73$%-3%O$[6$F6&,15$&>%5&034$%-$%6&,7,)8%-3%.+4,&6$'$16%-?+63-$/%S)66+&,)&$/%D158,)/$/>%U1)7$&/)6+%G,&)/%V>i)1($11$/%É%Q,)16P.$1)/>%!ZZY;D&6)(8$%-)/401)@8$%/3&%8$%/)6$%9664MooEEE;31)7P4,&)/V;B&o-$8,o&$73$;96'8;

"V

z3$%8?9H405&,''$%,)6%,66$)16%(9$I%8$/%S,6)1/%($%-$5&+%-?31$%)&2-*'-&"#$)Q2:&3&.-4/()1+7)6,@8$% $6% 4&0B01-$>% (?$/6% $1% $BB$6% ($% 23)% &+/386$% 403&% 8$% &$/6$% -$% 8?)''$1/)6+% -$/6$[6$/>%$6%90&/%-$%($%23$%C?$16$1-/%-)&$%/4+(),8$'$16%)();%_^

G03&%Q,3//3&$>%8?9H405&,''$%$/6%a%31$%(01-)6)01%)'',123,@8$%$6%)1/+4,&,@8$%-$

6036$% (0'40/)6)01% 8)66+&,)&$%b>% a%8?,((0'4,51$'$16% 9,@)63$8>% 403&% 6036% S,6)1% 23)

4&$1,)6% 8,% 483'$>% -$% 8,% B0&'$% 23?)8% -011,)6% \% /,% 4$1/+$%b;% K$83)% 23)% 4,&8$% 1?,% 4,/

(01/()$1($%$6%1?,%4,/%@$/0)1%-?,70)&%(01/()$1($%-$%8,%B0&'$%23?)8%-011$%\%/,%4$1/+$>%$1

'e'$% 6$'4/% /01% -)/(03&/% 4&0-3)6% 603C03&/% )1',123,@8$'$16% 2(''(% B0&'$% 23)% $/6% )*

4$1/+$;% K0''$% 8?+(&)&,% A$17$1)/6$% 483/% 6,&-%M% a%/)% ,@/6&,)6$/% 03% /)% 4,&6)(38):&$/% 23$

/0)$16% 8$/% 04+&,6)01/% -$% 8,% 4$1/+$>% $88$/% &$T0)7$16% $[4&$//)01% -,1/% 8,% 8,153$%bVZ;

Q,3//3&$%(0''$%A$17$1)/6$>%$6%(0''$%Q,4)&%,3//)>%4$&'$66$16%-$%70)&%23$%($66$%B0&'$

-$%4$1/+$%)1(01/()$16$>%23)%/$%&+,8)/$%-,1/%8?$[$&()($%-3%-)/(03&/>%$/6%9)/60&)23$V];%J8/

4$&'$66$16%8,%-+(037$&6$%$6%8?,1,8H/$%-$%($6%)1(01/()$16;%K$%23$%B,)6%-+C\%Q,3//3&$;

Q,3//3&$% ,% 4,&6)()4+% ,3[% $[4+&)$1($/% '+-)3'1)23$/% '$1+$/% 4,&% O9+0-0&$

R803&10H%,3603&%-$/%580//08,8)$/%-?<+8:1$%Q')69>%$6%\%8?$123e6$%-3%'e'$%R803&10H%/3&

8$/%$[4+&)$1($/%-$%/H104/)$%k,3-)6)01%(080&+$m>%$1%+(&)7,16%31%8015%6$[6$%0g%)8%-+(&)6%8$/

,//0(),6)01/%4&+()/$/%23)%/$%B016%$1%83)%\%4&040/%-$/%70H$88$/>%03%483/%$[,(6$'$16%-?31

(0'48$[$%23?)8%-+B)1)6%,)1/)%M

K$%1?$/6% -01(%4,/>% /$'@8$P6P)8>% 8,% 70H$88$% (0''$% 6$88$>% (?$/6P\P-)&$% 6$88$%23?$88$% $[)/6$403&% 8?0&$)88$>% 23)% ,44$88$% 31$% ($&6,)1$% /$1/,6)01% 7)/3$88$% (0&&$/401-,16$;% .?31% ,36&$(w6+>%($%1?$/6%4,/%101%483/%8,%73$%-?31$%($&6,)1$%8$66&$%03%-?31%($&6,)1%5&034$%-$%8$66&$/23)% ,44$88$% ($66$% /$1/,6)01;% =,)/% (?$/6% 8,% 70H$88$% $1% 6,16% 23$% (016$13$% -,1/% ($66$$[4+&)$1($% 5&,49)23$>% (?$/6% 8?e6&$% )',5)1,)&$% 23$% B0&'$% ($66$% 4&$'):&$% ,//0(),6)01-?)-+$/>% 23)>% 4,&% 31$% ,36&$% ,//0(),6)01>% '?,44,&,{6% (0''$% -03+% -?31$% ($&6,)1$2&")-)'*"2(% $6%-?31$%($&6,)1$%2&/3(/%>%23$823$B0)/% ,3//)%-?31$%($&6,)1$% =&%7(% $6%-?31$($&6,)1$%&,(/%;V!

S$/%(01($46/%-?%a%)',5$%,(03/6)23$%b%$6%-$%a%4$1/+$P/01%b%1$%6&037$16P)8/%4,/%)()

31% 1037$8% +(8,)&,5$%p% Q,3//3&$% 4,&8$% ,3//)% -?%a%)',5$% '3/(38,)&$%b>% -?a%)',5$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_^% =,13/(&)6% -$% Q,3//3&$% ()6+% 4,&% #$,1% Q6,&0@)1/d)>% <()# S&')# )&/)# 3()# '06/>% <()# *"*.%*77()# ,(T(%,-"*",#,(#>*/))/%(>%*,88)',&->%G,&)/>%]^_]>%4;%]]^;VZ%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%`";V]%D%4&040/%-$/%4,&,5&,''$/>%70)&%4;%X!>%Y_>%]Z_>%]]]>%]"Y>%]X`>%]`X>%!]Z>%!!V>%!X_>%!Y!>%!`V;V!%S$66&$%()6+$%4,&%O9+0-0&$%R803&10H>%H()#K:5"&7;"()#,(#)Q"&$)-(#b*/,-'-&"#2&3&%5(_>D8(,1oF55)',11>%G,&)/o*$1:7$>%]V^">%4;%Y];%K)6+$%106,''$16%4,&%#09,11$/%R$9&>%>*/))/%(#("'%(3-"./-)'-4/(#('#)57-&3&.-(>%6&,-3)6%-$%8?,88$',1-%4,&%G)$&&$%K,3//,6>%GUR>%G,&)/>%!ZZZ>%4;%]`]P]`!;

"^

7)/3$88$%b>%-?%a%)',5$%,3-)6)7$%b>%-?%a%)',5$%4901+6)23$%bV";%S,%4$1/+$%/,3//3&)$11$%-$

6036$%+7)-$1($%/?$1&)(9)6%/)%01%8,%70)6%)1-)//083@8$'$16%8)+$%\%8,%1,)//,1($%-?31$%4$1/+$

-$%8?)1(01/()$16;%Q,3//3&$%1?+6,)6%4,/%+6&,15$&%,3[%-+@36/%-$%8,%4/H(9,1,8H/$%h%(0''$

8?+(&)6% #09,11$/%R$9&>%a%S$/% 6$[6$/%-$%Q,3//3&$>% 43@8)+/%4,&% 8$%4/H(908053$%5$1$70)/

O9+0-0&$%R803&10H%-:/%8$%603&1,16%-3%/):(8$>%6+'0)51$16%$1%036&$%23$%Q,3//3&$%+6,)6%$1

(016,(6%,7$(% 8$/%'037$'$16/%-$%4$1/+$% )//3/%-?,36&$/%-0',)1$/% /()$16)B)23$/%h% ,)1/)>

$16&$%,36&$/>%-$%($83)%-$%8,%4/H(9,1,8H/$%$[4+&)'$16,8$%03%-$%8?+(08$%4/H(9,1,8H6)23$

-$%R&$3-%23)%(0''$1T,)6%,80&/%6036%C3/6$%\%+'$&5$&%bVX;%G$36Pe6&$%1?$/6P)8%4,/%,10-)1%-$

&,44$8$&% 23$% 8$% 4/H(9,1,8H/6$% L,H'01-% -$% Q,3//3&$>% 8?31% -$/% B)8/% -$% R$&-)1,1-% -$

Q,3//3&$%$6% 8$%5$1-&$%-$%O9+0-0&$%R803&10H>%'$1,%\%i)$11$%31$%,1,8H/$%,7$(%R&$3-

-,1/%8$/%,11+$/%]^!Z;

.,1/% 8,% a%4&$'):&$% (01B+&$1($%b% 23?)8% -011$% \% *$1:7$% $1% ]V^]>% Q,3//3&$

-+48,($% 8,%708016+%-3%(w6+%-$% 8?)1(01/()$16>% -$% 8?)163)6)01>%-$% 8?)1(0113>% B,)6% -3%101P

4&+'+-)6+% 31$% 23,8)6+% -$% 8?,(6$% -$% 8,15,5$;%.,1/% 8$%B&/%)# ,(# 3-"./-)'-4/(# .5"5%*3(>

0@C$(6$&,P6P01%4$36Pe6&$>%Q,3//3&$%4,&8$%-$%2&")2-("2(>%($%23)%$/6%,3//)%,7+&+%-,1/%/$/

6$[6$/% ',13/(&)6/;% Q,3//3&$% 4,&8$% ,)1/)% -$% a%(01/()$1($% 8)153)/6)23$%bVY>% -$

a%(01/()$1($% -$/% /3C$6/% 4,&8,16/%bV`>% 03% @)$1% $1(0&$% -?a%,1,8H/$% /3@C$(6)7$%bV_>

-?a%,1,8H/$%/4016,1+$%bVV>%-$%a%/$16)'$16%-$%8,%8,153$%bV^>%K0''$16%Q,3//3&$%4$36P)8%\

8,% B0)/% -)&$% 23$% 8?,(6$% 8)153)/6)23$% $/6% )1(01/()$16>% $6% -?,36&$% 4,&6% 4,&8$&% -$% 8,

(01/()$1($%-3%/3C$6%4,&8,16>%-$%/$16)'$16%-$%8,%8,153$%$6%-?,1,8H/$%p%l?H%,P6P)8%4,/%8\

31$%5&,1-$%(016&,-)(6)01%p

F1%B,)6>%)8%B,36%-)BB+&$1()$&%8?*2'(%8)153)/6)23$%$6%8?,1,8H/$%23$%8$%/3C$6%4&0-3)6%-$

/,%4&04&$% 8,153$%23)%$/6%-,7,16,5$%($%23$%&+,8)/$%31$%,(6)01%23$% 8?,(6)01%$88$P'e'$;

G03&%Q,3//3&$>%8?,(6$%-$%8,15,5$%1?$/6%1)%&+B8+(9)>%1)%4&+'+-)6+>%1)%4$&/011$8;%K$83)%23)

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V"%i0)&%106,''$16%\%4,&6)&%-$%8?)1-$[%-,1/%M%R$&-)1,1-%-$%Q,3//3&$>%R%&-)-;7(#2&/%)#,(#3-"./-)'-4/(.5"5%*3(#bLaLW`LaLL_#,A*$%;)#3()#2*:-(%)#,A17-3(#B&")'*"'-">%$-)6$-%,1-%6&,1/8,6$-%@H%F)/3d$%}0',6/3,1-%L0H%<,&&)/>%S,153,5$%,1-%K0''31)(,6)01%S)@&,&H>%i083'$%]!>%G$&5,'01%G&$//>%f[B0&-%É%l$EPÑ0&d%É%Q$038%É%O0dH0>%]^^"VX%#09,11$/%R$9&>%>*/))/%(#("'%(#3-"./-)'-4/(#('#)57-&3&.-(>%6&,-3)6%-$%8?,88$',1-%4,&%G)$&&$%K,3//,6>GUR>%G,&)/>%!ZZZ>%4;%X_PXV;VY%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(%k]^]`m>%G,H06>%G,&)/>%]^_!>%4;%]"`V`%.,1/%8$%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%4;%]]_>%]!V>%]V^>%]^Z>%!Y`%h%-,1/%8$/%12%-')#,(#3-"./-)'-4/(.5"5%*3(0>%4;%]V_;V_% a%D1,8H/$% /3@C$(6)7$% $6% ,1,8H/$% 0@C$(6)7$%b% $6% a%S?,1,8H/$% /3@C$(6)7$% $6% 8,% -+6$&')1,6)01% -$/% /03/P31)6+/%b% /016% 8$/% 6)6&$/% -$% 4,&6)$/% -3% B&/%)# ,(# 3-"./-)'-4/(# .5"5%*3(>% 4;% !Y]P!Y^%h% (B;% 4;% !Y">% !YV%ha%,1,8H/$%-$/%/3C$6/%4,&8,16/%b%k4;%!YXm;%VV%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%4;%!YV;V^%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%4;%]VX>%]^">%]^Y;

XZ

4,&8$%1?$/6%4,/%(01/()$16%-$%($%23?)8%B,)6%403&%4,&8$&;%.?31%,36&$%(w6+%Q,3//3&$%40/$%8,

23$/6)01%-3%)("'-7("'#,(#3*#3*"./(>%(?$/6P\P-)&$%-3%B01(6)011$'$16>%-$%8,%5&,'',)&$>

23$%4&0-3)6%8$%/3C$6%80&/23?)8%4,&8$;%J8%/$'@8$&,)6%23$%(?$/6%31%'e'$%4&0@8:'$%h%$1%B,)6

)8% '$% /$'@8$% 23$% ($66$% (01/()$1($% 23$% 8$% /3C$6% 4&0-3)6% 1?$/6% 4,/% 8$% &+/386,6% -?,(6$

708016,)&$>%-?31$%,(6)01%708016,)&$%/3&%8,%8,153$;%i0)()%4,&%$[$'48$%($%23?)8%+(&)6%M

%#$% 7,)/% +'$66&$% 31$% 4&040/)6)01% 8,&5$'$16% $16,(9+$% -?9+&+/)$%M% )8% $/6% B,3[% 23$% 8$/-)/6)1(6)01/%(0''$%%*2-"(>%':;7(>%)/==-N(%/0)$16%-$%43&$/%,@/6&,(6)01/;D7,16%6036>%$6%,7,16%-$%7$1)&%103/%4,&8$&%-?,@/6&,(6)01/>%)8%B,36%,70)&%31%(&)6$&)3'%B)[$

603(9,16%($%23$%8?01%4$36%,44$8$&%%5(3%$1%'0&490805)$;B%-'(%-/7%M%K$%23)%$/6%&+$8>%(?$/6%($%-016%8$/%/3C$6/%4,&8,16/%016%(01/()$1($%\%31%-$5&+

23$8(0123$%h% 6036% ($% -016% )8/% 016% (01/()$1($% $6% &)$1% 23$% 2(% -016% )8/% 4$37$16% ,70)&(01/()$1($;f&>% -,1/% 6036% +6,6% -$% 8,153$>% 8$/% /3C$6/% 4,&8,16/% 016% (01/()$1($% -?31)6+/

'0&490805)23$/%u%(?$/6P\P-)&$%-?31)6+/%/)51)B)(,6)7$/%u%)1B+&)$3&$/%\%8?31)6+%-3%'06;F1% B&,1T,)/% 103/% ,701/% (01/()$1($% 4,&% $[$'48$% -?31% +8+'$16% l(/%% 23)>% $'480H+

-?31$%($&6,)1$%B,T01>%/$&7)&,%\%-011$&%8?)-+$%-$%8?,36$3&%-?31$%,(6)01%M%.%*9(/%>%$(")(/%>$&%'(/%;Z/()'-&"%M%z3?$/6P($% 23)% 4&037$% 23$% ($6% +8+'$16%l(/%% $/6% &+$88$'$16% )/08+% 4,&% 31$

,1,8H/$%-$%8,%8,153$%pD5$&")(%M%K0''$%-,1/% 603/% 8$/%(,/%4,&$)8/%($%/016% 8$/%"5&3&.-)7()>%(?$/6P\P-)&$% 8$/

B0&'$/%0g%8?,(6)7)6+%-$%8,%8,153$%$6%/,%',1):&$%-$%4&0(+-$&%6&037$16%\%/$%',1)B$/6$&%-,1/31%-0(3'$16%)&&+(3/,@8$%M%7("`(/%>%&)`(/%>%%(2&77("2`(/%;%~�Ä%^Z

G03&% Q,3//3&$>% 8$% /3C$6% $/6% 8$% 5&,'',)&)$1% -$% /,% 4&04&$% 8,153$>% )8% 4&0-3)6% 31

B01(6)011$'$16% -$% 8,% 8,153$>% 31$% (01/()$1($>% 31$% ,1,8H/$% -$% 8,% 8,153$;%=,)/% ($66$

(01/()$1($%1?$/6%4,/%8$%&+/386,6%-?,(6$%-$%8,%708016+;%D%,3(31%'0'$16%8$%/3C$6%1$%4$36

-+()-$&% -$% ($% 23?)8% B,)6>% 1$% 4$36% 'e'$% /,70)&% ($% 23?)8% B,)6;% f1% 70)6% 23$% 8$

23$/6)011$'$16% 1?$/6% 4,/% 8$%'e'$;%=,)/%'e'$% )()>% Q,3//3&$% )16$&&05$% 8,% 106)01% -$

a%(01/()$1($%b% 4,&8,16% -$% a%-$5&+% 23$8(0123$%b>% $6% -$% ($% -016% 8$/% /3C$6/% a%4$37$16%b

,70)&% (01/()$1($;%f1% /$% /037)$16% 23$%-,1/% 8$% 6$[6$%-$% /,%a%4&$'):&$% (01B+&$1($%b>% )8

4,&8,)6% -+C\% -$%a%-)BB+&$1($%-$%-$5&+%b%M% a%)8%H% ,% @$,3(034%-$% -$5&+/% (0113/>% (0''$

103/%/,701/>%-,1/%8,%708016+%(01/()$16$%03%)1(01/()$16$%b%�%a%%J8%H%,%8\%31$%-)BB+&$1($

-$% -$5&+>% 23)% 7,% /)% 80)1% 23?$88$% ,% 80156$'4/% -011+% 8?)883/)01% -?31$% -)BB+&$1($

$//$16)$88$>% ',)/% 23)% 1?$/6% $1% &+,8)6+% 23?31$% -)BB+&$1($% -$% -$5&+/%b;% K$% 23)% ,44,&,{6

(?$/6%23$%8?)-+$%-$%2&")2-("2(%$6%8?)-+$%-?-"2&")2-("'#70)/)1$16%606,8$'$16>%23?$88$/%1$

/?0440/$16%4,/%',)/%4836w6%/$%(01B01-$16;%K?$/6%-+C\%($%23$%Q,3//3&$%4037,)6%-)&$%-,1/

/,% % a%-$3[):'$% (01B+&$1($%b% -011+$% \% *$1:7$% $1% ]V^]>% 80&/23?)8% &$4&$1-% k)8% 8,

(&)6)23$&,% $1/3)6$m% 8,% -)/6)1(6)01% $16&$% 8$/% a%(9,15$'$16/% $:&"5'-4/()%b% $6% 8$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%^Z%IO-,;>%4;%]V"P]VX;

X]

a%(9,15$'$16/%*"*3&.-4/()%b^]% 23?01% ,3&,)6% 6$1-,1($% \% (01($70)&% (0''$%-?31$%4,&6

-$/%49+10':1$/%)1(01/()$16/%$6%-?,36&$%4,&6%-$/%49+10':1$/%(01/()$16/%$6%)16$88)5$16/

k)8%$/6%@)$1%+7)-$16%23$%(9$I%Q,3//3&$%8$%4&0@8:'$%-$%8,%B0&'$%1$%/+4,&$%4,/%31%)1/6,16

-3%4&0@8:'$%-3%/01%h%)8%1?$[40/$%8\%23?31%+6,6%-$%8,%23$/6)01m;%Q,3//3&$%B,)6%C3/6$%31$

&$',&23$%\%4&040/%-$%8?)-+$%-$%(01/()$1($%,448)23+$%\%8?,(6$%8)153)/6)23$%M

J8% H% ,% -?31$% 4,&6% 8$% (9,15$'$16% $:&"5'-4/(% $6% -?,36&$% 4,&6% 8$% (9,15$'$16% ,44$8+% -$-)7$&/% 10'/>% -016% ,3(31% 1?$/6% $[($88$16>% ',)/% -016% 8$% 483/% 3/)6+% $/6% 8$% (9,15$'$16*"*3&.-4/(;%l03/%7$&&01/%)''+-),6$'$16%403&230);%f1%4$36%0440/$&%/03/%@$,3(034%-$40)16/% -$% 73$% -)BB+&$16/% ($/% -$3[% 5&,1-/% B,(6$3&/% -$% &$1037$88$'$16% 8)153)/6)23$>% $1-)/,16% 4,&% $[$'48$% 23$% 8$% 4&$')$&% &$4&+/$16$% 8$% (w6+% 49H/)0805)23$% $6% 49H/)23$% -$% 8,4,&08$%6,1-)/%23$%8$%/$(01-%&+401-%,3%(w6+%4/H(90805)23$%$6%'$16,8%-3%'e'$%,(6$%É>%23$8$%4&$')$&%$/6% )1(01/()$16>% 6,1-)/%23$% 8$%/$(01-%$/6%(01/()$16>% 603C03&/%$1%/$% &,44$8,1623$% 8,% 106)01% -$% (01/()$1($% $/6% +')1$''$16% &$8,6)7$>% -$% /0&6$% 23?)8% 1$% /?,5)6% 23$% -$-$3[%-$5&+/%-$%(01/()$1($/%-016%8$%483/%+8$7+%$/6%$1(0&$%-$%8?)1(01/()$1($%43&$%(0'4,&+,3%-$5&+%-$%&+B8$[)01%23)%,((0'4,51$%8,%4834,&6%-$%10/%,(6$/;;^!

S,% 4$1/+$% -?31% )1(01/()$16% (9$I% Q,3//3&$% $/6% 8)+$% \% 31$% 4$1/+$% -$% 8?9)/60)&$;

S?,(6$%8)153)/6)23$%$/6%)1(01/()$16%$6%$1%'e'$%6$'4/%(?$/6%8,%',1):&$%-016%8,%8,153$%/$

6&,1/B0&'$% -?)1/6,16% $1% )1/6,16% 23)% $/6% )'4$&($46)@8$;% S?,(6$% 8)153)/6)23$% $/6

)1(01/()$16>%',)/%$1%'e'$%6$'4/%(?$/6%31%*2'(%23)%1+($//,)&$'$16%-+48,($%8,%8,153$>

8$%/H/6:'$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%^]%S$%6$&'$%-?a%,1,805)$%b>%23)%$/6%,3//)%($83)%-$%A&+,8>%-0)6%103/%&,'$1$&%\%($%23$%103/%-)/)01/%483/9,36>%\%4&040/%-$%8,%-+(037$&6$%-?31%'0-$%-$%4$1/+$%4,&%,//0(),6)01%,3%WJW$%/):(8$>%$6%23)%,44,&,{6%-,1/8$/%$[4+&)$1($%-$%/H1$/69+/)$>%-,1/%8,%4$1/+$%-$/%,//0(),6)01/%(9$I%Q,3//3&$>%(9$I%R&$3->%-$/(0&&$/401-,1($/%(9$I%A,3-$8,)&$;%.,1/%8$%6$[6$%-$%8,%a%/$(01-$%(01B+&$1($%b%-$%Q,3//3&$%\%*$1:7$>%014$36%8)&$%M%a%K?$/6%/3&%31$%*"*3&.-(%23$%/?$BB$(63$%8$%&,)/011$'$16%23)%$/6%\%8,%@,/$%-3%49+10':1$;%G83/5+1+&,8$'$16>%($%&,)/011$'$16%&$4&+/$16$%31$%*))&2-*'-&"#,(#=&%7()%-,1/%8?$/4&)6>%23)%$/6%-)(6+$%4,&8?*))&2-*'-&"#,()#-,5()#%($%5)("'5()#b;^!%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%4;%]Y^;

X!

W<H*-&1$#$*+%&$92:57-X&/(,2&)-72%1%7(*+-&3&07%(#

F1% 8)/,16% 31% 4,//,5$% -$% 8?)16&0-3(6)01% ka%J-+$% -$% ($% 6&,7,)8%bm% -$% 3A1))*-# ,(

)57*"'-4/(%-$%=)(9$8%A&+,8%23)%-,6$%-$%]V^_^">%103/%70H01/%(0''$%8?+(90%-3%6$[6$%8,

a%4&$'):&$%(01B+&$1($%b%-$%Q,3//3&$>%23)%-,6$>%$88$>%-$%]V^];

K$% 23)% $/6% +6011,16% -3% 40)16% -$% 73$% -?31$% (9&010805)$>% 0g% -?0&-)1,)&$% 01

4$1/$&,)6%23$%Q,3//3&$^X%-011$%/3)6$%\%A&+,8^Y>%(?$/6%23$%8$%6$[6$%-$%A&+,8%/3)7$%($83)

-$% Q,3//3&$% h% ',)/% $1% 'e'$% 6$'4/>% ($% 23)% ,44,&,{6% -,1/% 8$% 6$[6$% -$% Q,3//3&$>% $6

5+1+&,8$'$16% -,1/% /$/% (01B+&$1($/% \% *$1:7$% $1% ]V^]>% (?$/6% 6036% 8?$1/$)51$'$16% -$

A&+,8%M% 8,% (&)6)23$% -$% 8?+(08$% 1+0P5&,'',)&)$11$>% 8?,BB)&',6)01% -$% 8,% 8)153)/6)23$

(0''$% /()$1($% 9)/60&)23$% $6% 101% (0''$% /()$1($% 1,63&$88$>% 8,% 4$1/+$% -$% 8,

6&,1/B0&',6)01% )'4$&($46)@8$% -$% 8,% 8,153$;% D)1/)>% 8$/% -$3[% 6$[6$/% /$% &+401-$16>

6+'0)51$16% /3&6036% -?31$% (0''31,36+% -$% &$(9$&(9$>% -?31% 4,&6,5$% -$% 8,% &+B8$[)01;

i0)()%-01(%($%23?+(&)6%=)(9$8%A&+,8%-,1/%8?)16&0-3(6)01%-$%/01%1))*-#,(#)57*"'-4/(%M

S$%4&05&:/%,%(01/)/6+%403&%'0)%\%+(,&6$&% 6036$/%8$/%(,3/$/%/$(01-$/%$6%\%'?,-&$//$&/$38$'$16%\%8,%/$38$%(,3/$%7&,)$>%23)%$/6%8?)16$88)5$1($%$6%8,%708016+%93',)1$;R,)&$% )16$&7$1)&% 8,% 708016+%-,1/% 8?9)/60)&$%-3% 8,15,5$% ($8,% &$//$'@8$%4&$/23$% \% 31$

9+&+/)$>%6,16%01%,%4&)/%/0)1%-$43)/%()123,16$%,1/%-$%8?$1%+(,&6$&%$6%-$%8?$1%@,11)&;%=,)/%/)8?01%,%$3%&,)/01%-$%&$101($&%,3[%43+&)8)6+%-$%8,%/()$1($%-?,36&$B0)/>%01%/?$/6%(016$16+>%$1/$% &$C$6,16%\% 8?$[6&e'$%0440/+>%-?31$%4/H(90805)$%7+&)6,@8$'$16% 6&04% /)'48$;%F16&$% 8$/,(6$/% -?31$% 708016+% (01/()$16$>% &+B8+(9)$>% $6% 8$% 43&% 49+10':1$% )1/6)1(6)B>% )8% H% ,% 31$-)/6,1($%23)% 8,)//$%48,($%\%@)$1%-$/%+6,6/% )16$&'+-),)&$/>% $6%10/% 8)153)/6$/% ,3&,)$16%',84&0B)6+%-$/%8$T01/%-$%8,%49)80/049)$%(016$'40&,)1$%/?)8/%(016)13,)$16%\%103/%)'40/$&%8$(90)[%$16&$%8$/%-$3[%@&,1(9$/%-$%($%-)8$''$;%J8%B,36%B$&'$&%8$/%H$3[%\%8?+7)-$1($%403&1$% 4,/% 70)&% 23?31$% 708016+% 0@/(3&$>% ',)/% 4$&/+7+&,16$>% 4&+/)-$% ,3[% (9,15$'$16/% -38,15,5$;%^`

S?1))*-# ,(# )57*"'-4/(# /$% 40/$% (0''$% (&)6)23$% -$% 8,% (01($46)01% 1+0P

5&,'',)&)$11$% -$% 8,% 8,153$% k8?)-+$% -$% a%80)/% 4901+6)23$/%b% =*'*3()# ('# *9(/.3()^_m% $6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%^"%.?,@0&-%43@8)+%-,1/%8,%D(9/(#,()#,(/N#7&",()>%O0'$%]X]>%G,&)/>%]V^_%/03/%8$%6)6&$%a%U1$%/()$1($1037$88$;%S,%/+',16)23$%b;^X%R$&-)1,1-%-$%Q,3//3&$%k]VY_P]^]"m;^Y%=)(9$8%A&+,8%k]V"!P]^]Ym;^`%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>%4;%"Z;^_%i0)&%106,''$16%=)(9$8%A&+,8>%\%4&040/%-$%8,%(&+,6)01%-3%8,@0&,60)&$%-$%4901+6)23$%$[4+&)'$16,8$%-3K088:5$%-$%R&,1($>%$1%]V^V>%a%.$/%80)/%4901+6)23$/%b>%)1%S57&-%()#,(#3*#>&2-5'5#,(#3-"./-)'-4/(#,(

X"

-?,36&$%4,&6%-$%8?0&5,1)()/'$%-?D;%Q(98$)(9$&>% 8?)-+$%23$%8$/%8,153$/%/016%(0''$%-$/

e6&$/% 7)7,16/>% 23)% 1,)//$16>% 7)7$16>% $1B,16$16>% -+4+&)//$16% $6% '$3&$16^V;% D3% 8)$3% -$

4$1/$&%-$/%a%80)/%4901+6)23$/%b>%A&+,8%7,%40/$&%8$%(01($46%-$%a%80)/%)16$88$(63$88$/%b^^>

4,//$&% -$% 8?)-+$% -?31% 8,15,5$P0@C$6% \% ($88$% -?31% 8,15,5$% a%-016% 103/% /0''$/

&$/401/,@8$/%b]ZZ>%$6%&$'$66&$%,)1/)%,3[%/3C$6/%8,%4&04&)+6+]Z]%-$%($%8,15,5$;%Q?)8%H%,%-$/

a%80)/%b>% ($% 1$% /016% 4,/% -$/% 80)/% $[6+&)$3&$/% $6% B,6,8$/>% ,3[23$88$/% 8$/% 8,153$/% $6% 8$/

/3C$6/%1?+(9,44$&,)$16%4,/>%8,%8,153$%1$%/$%6&,1/B0&'$%4,/%/,1/%($3[%23)%8,%B016>%/?)8%H%,

-$/%3&-)%($%/016%-$/%80)/%93',)1$/>%-$/%3&-)#-"'(33(2'/(33();%=)(9$8%A&+,8%$[48)23$%M

S,)//,16%-$%(w6+%8$/%(9,15$'$16/%-$%4901+6)23$>%23)%/016%-3%&$//0&6%-$%8,%5&,'',)&$49H/)0805)23$>%C?+63-)$%8$/%(,3/$/%)16$88$(63$88$/%23)%016%4&+/)-+$/%\%8,%6&,1/B0&',6)01%-$10/% 8,153$/;% G03&%'$66&$% -$% 8?0&-&$% -,1/% ($66$% &$(9$&(9$>% C?,)% &,15+% 8$/% B,)6/% /03/% 31($&6,)1%10'@&$%-$%3&-)%M%01%7$&&,%483/%80)1%($%23$%C?$16$1-/%4,&%3&->%$[4&$//)01%23?)8%1$B,36%4,/%4&$1-&$%,3%/$1/%)'4+&,6)B;%K$%1$%/016%4,/%101%483/%-$%($/%80)/%/,1/%$[($46)01>%-$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%K*%-)>%O0'$%.)[):'$>%A03)8801>%G,&)/>%]VZV>%4;%]P]];%L$4&)/%-,1/%8$%7083'$%H(#3*#.%*77*-%(#2&7$*%5(g#3*#)57*"'-4/(>%6$[6$/%-$%=)(9$8%A&+,8%43@8)+/%$16&$%]V`X%$6%]V^V>%)16&0-3(6)01>%(0''$16,)&$/%$6@)@8)05&,49)$%4,&%G)$6%.$/'$6%$6%G)$&&$%QE)55$&/>%G$$6$&/>%S$37$1%É%G,&)/>%]^^Y>%4;%""YP"X`;%a%<(#3&-)#,(3*#$:&"5'-4/()#)&"'#=*'*3()+#)&"'#*9(/.3()0%o%f1%&,440&6$%0&-)1,)&$'$16%\%=;%f/690BB%($6%,[)0'$>230)23$%@)$1%,16+&)$3&$'$16%Q(98$)(9$&%$c6%-+C\%-)6%23$823$%(90/$%-$%/$'@8,@8$;%S$/%'06/%-$%=;f/690BB%/016%M%H-(#<*/'.()('?(#^-%\("#O3-",+#7-'#O3-",(%#c&':^(",-.\(-';%s%S$/%80)/%4901+6)23$/%/016,7$358$/;%F88$/%$[$&($16%8$3&%$'4)&$%,7$(%31$%,7$358$%1+($//)6+;%t%b^V%a%f1%-0)6%+6011$&%+6&,15$'$16%8$%8$(6$3&%23)%4$1/$>%23,1-%01%83)%-)6%23$%8?90''$%1?$/6%403&%&)$1%-,1/8$%-+7$8044$'$16%-3%8,15,5$%$6%23$%8$/%'06/%É%B0&'$%$6%/$1/%É%':1$16%31$%$[)/6$1($%23)%8$3&%$/64&04&$;%b;%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>%4;%!V;.?,36&$%4,&6>%D;%Q(98$)(9$&>%,7$(%603C03&/%($66$%,1,805)$%\%31$%($&6,)1$%&$4&+/$16,6)01%-3%7)7,16>%40/$&,8?)-+$%-$%a%8,153$P':&$%b%$6%-$%a%8,153$PB)88$/%b;%K$66$%(01($46)01%$/6%1$66$'$16%%$6%/037$16%(&)6)23+$%4,&A&+,8>%4,&%$[$'48$>%603C03&/%-,1/%8?1))*-#,(#)57*"'-4/(>%a%z3$%1?,P6P01%4,/%+(&)6%/3&%8,%-)BB+&$1($%-$/3*"./()#7;%()%$6%-$/%3*"./()#=-33()%p%S$/%8,153$/%1?016%40)16%-$%B)88$/%M%$88$/%1$%-011$16%4,/%101%483/%8$C03&%\%-$/%-),8$(6$/%b;%k-O-,0>%4;%!Vm%O036%($8,%$/6%@)$1%/c&%&$4&)/%4,&%Q,3//3&$>%-,1/%/$/%(01B+&$1($/%\*$1:7$%$1%]V^]>%4,&%$[$'48$%M%a%F6%8?,36&$%80(36)01%B)53&+$%23$%103/%,8801/%$[+(36$&%,7$(%=;%*,/601G,&)/>%(?$/6%($88$%-3%B&,1T,)/>%8,153$%B)88$%-3%8,6)1>%P%03%-3%8,6)1>%8,153$%':&$%-$/%8,153$/%&0',1$/;%J8%1?H,%4,/%-$%8,153$/%B)88$/%1)%-$%8,153$/%':&$/>%)8%1?H%$1%,%1388$%4,&6>%)8%1?H%$1%,%C,',)/%$3;%J8%H%,%-,1/%(9,23$&+5)01%-3%580@$%31%+6,6%-$%8,153$%23)%/$%6&,1/B0&'$%8$16$'$16>%-$%/$',)1$%$1%/$',)1$>%-$%'0)/%$1%'0)/>-?,11+$%$1%,11+$%$6%-$%/):(8$%$1%/):(8$%~�Ä%b%kR;%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%4;%]Y"m%h$6%\%8,%4,5$%/3)7,16$%M%a%f1%8)6%4&$/23$%\%8,%4&$'):&$%4,5$%-?31%037&,5$%-$%=;%<07$8,(23$%/3&%8,8)153)/6)23$%M%S,%8,153$%1,{6%(&0{6>%-+4+&)6%$6%'$3&6%(0''$%6036%e6&$%0&5,1)/+;%K$66$%49&,/$%$/6,@/083'$16%6H4)23$%-$%8,%(01($46)01%/3%&+4,1-3$%'e'$%(9$I%8$/%8)153)/6$>%23?01%/?+43)/$%\%(0'@,66&$>$6%23)%,%'$1+%-)&$(6$'$16%\%B,)&$%-$%8,%8)153)/6)23$%31$%/()$1($%1,63&$88$;%l01>%8,%8,153$%1?$/6%4,/%310&5,1)/'$>%$88$%1?$/6%4,/%31$%7+5+6,6)01%23)%$[)/6$%)1-+4$1-,''$16%-$%8?90''$>%$88$%1?,%4,/%31$%7)$%\$88$%$16&,{1,16%31$%1,)//,1($%$6%31$%'0&6;%O036%$/6%B,3[%-,1/%8,%49&,/$%23$%C?,)%83$%M%8,%8,153$%1?$/6%4,/31%e6&$%0&5,1)/+>%$88$%1$%'$3&6%4,/%-?$88$P'e'$>%$88$%1$%-+4+&)6%4,/>%$88$%1$%(&0{6%4,/>%$1%($%/$1/%23?$88$1?,%4,/%483/%31$%$1B,1($%23?31%|5$%'c&%03%31$%7)$)88$//$>%$6%$1B)1%$88$%1$%1,{6%4,/%(0''$%103/%,8801/%8$70)&%b;%kIO-,;>%4;%]YXm^^%i0)&%4&+()/+'$16%8?,&6)(8$%-$%=)(9$8%A&+,8>%a%S$/%80)/%)16$88$(63$88$/%-3%8,15,5$;%R&,5'$16%-$/+',16)23$%b>%)1%F""/*-%(#,(#3AF))&2-*'-&"#$&/%#3A("2&/%*.(7("'#,()#5'/,()#.%(24/()#("#T%*"2(>%]_$,11+$>%=,)/011$37$%$6%K)$>%G,&)/>%]VV">%4;%]"!P]X!;%L$4&)/%-,1/%8$%7083'$%H(#3*#.%*77*-%(#2&7$*%5(g#3*#)57*"'-4/(>%4;%!_]P!V!;]ZZ%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>%4;%!V;]Z]%f1%&$',&23$&,%483/%80)1%($66$%B0&'38,6)01%-$%A&+,8>%-,1/%Z/(34/()#7&')#)/%#3A-")'%/2'-&"#$/O3-4/(#("T%*"2(%kG,&)/>%<,(9$66$>%]V_!>%4;%YZm%M%a%J8%$/6%~)'4$1/,@8$Ä%23?)8%1?H%$1%,)6%23?31$%')10&)6+%23)%43)//$&+B8+(9)&%$6%4$1/$&>%$6%8,%4&$'):&$%23,8)6+%-3%8,15,5$>%(?$/6%8,%4&04&)+6+%-$/%6$&'$/>%$6%8?01%$/6%$1%-&0)6%-$8?$[)5$&%-$%8?037&)$&%$6%-3%4,H/,1%,3//)%@)$1%23$%-3%8)66+&,6$3&%$6%-3%49)80/049$;%b;

XX

($/%80)/%,7$358$/>%(0''$%/016>%/?)8%B,36%$1%(&0)&$%23$823$/%31/%-$%10/%(01B&:&$/>%8$/%80)/-$%8,%4901+6)23$/;%]Z!

K0''$%01% 8$% &$',&23$>%A&+,8% B,)6% ,883/)01% ,3[% 6&,7,3[%-$/%1+0P5&,'',)&)$1/>

S$/%80)/%23?)8%(9$&(9$%\%-+(037&)&%1$%/016%4,/%a%,7$358$/%b>%$88$/%1$%/016%4,/%101%483/

a%)'4+&,6)7$/%b;% F88$/% 1$% 4&$/(&)7$16% &)$1;% A&+,8% ,C036$% $1% $BB$6%23$823$/% 4,5$/% 483/

80)1%M

l03/%,44$801/%3&->%4&$1,16%8$%'06%-,1/%8$%/$1/%49)80/049)23$>%8$%&,440&6%(01/6,16%23)/$%8,)//$%-+(037&)&%-,1/%31$%/+&)$%-$%49+10':1$/;%~�ÄJ8%1$%/,3&,)6%e6&$%23$/6)01%-?31$%80)%4&+,8,@8$'$16%(01($&6+$>%$1(0&$%'0)1/%-?31$%80)

)'40/+$%,3%10'%-?31$%,360&)6+%/34+&)$3&$;%]Z"

A&+,8%40/$%)()%8$%4&)1()4$%-?31$%3-"./-)'-4/(#.5"5%*3(;%J8%/?,5)6%-$%-+(037&)&%($

23)%/$%&+,8)/$%-$%',1):&$%(01/6,16$%-,1/%8$%8,15,5$;%G03&%A&+,8>%8,%8,153$%/?,86:&$>%$88$

-$7)$16%,36&$%(0''$%8$/%/3C$6/%23)%B016%($66$%8,153$;%F6%($%23?)8%H%,%-$%(01/6,16%(?$/6

($66$%6&,1/B0&',6)01>%$6%8$/%4&0($//3/%É%8$/%3&-)%É%23)%4&+/)-$16%\%($66$%6&,1/B0&',6)01;

S,%4$&/4$(6)7$%-$%A&+,8%$/6%31$%4$&/4$(6)7$%:-)'&%-4/(;%K0''$%(9$I%Q,3//3&$>%)8%/?,5)6

-$% 4$1/$&% 8,% 69+0&)$% -3% 8,15,5$% (0''$% 31$% /()$1($% 9)/60&)23$% $6% 101% (0''$% 31$

/()$1($% -$% 8,% 1,63&$;% G03&% A&+,8% $6% 403&% Q,3//3&$>% 4$1/$&% 8$% 6$'4/>% 8?9)/60)&$>% (?$/6

,3//)% )'',123,@8$'$16% 4$1/$&% 8,% /)51)B),1($>% 8$% /3C$6>% 8,% /0()+6+>% 8,% (3863&$%h% ($% 23$

Q,3//3&$%,44$88$%/)'48$'$16%3*#9-(LWU;%DC03601/%,3//)%($%-+6,)8%-+()/)B%23$%403&%A&+,8>

8$/% (9,15$'$16/% -,1/% 8,% 8,153$% /016% -$/% (9,15$'$16/% -$% B0&'$% $6% -$% /$1/

)1-)//0(),@8$'$16;% f1% $/6% -+C\% $1% 6&,)1% -$% (0''$1($&% \% 4$1/$&% 8,% 8,153$% (0''$

=&%7(`)(")>%$(")5(`)&">%)("'-7("'#,(# 3*# 3*"./(>%($%23$%-)&,%Q,3//3&$]ZY>% =&%7`=((3-".

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]Z!%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>%4;%!^;]Z"%IO-,;>%4;%""]ZX%G,&%$[$'48$>%-,1/%8?$16&+$%a%0&)5)1$%-3%8,15,5$%b%-?31%J1-$[%4&+73%4,&%Q,3//3&$>%%a%fLJ*JlF%.USDl*D*F%M%J1,1)6+%-$%8,%23$/6)01%403&%23)%4&$1-%31$%C3/6$%)-+$%-$%($%23?$/6%31%/H/6:'$%/+')0805)23$$6%-$%/$/%(01-)6)01/%-$%9-(>%,7,16%-$%(01/)-+&$&%/$/%(01-)6)01/%-$%5$1:/$>%4;%ZZZ;%J8%1?H%,%,3(31%'0'$160g%8,%5$1:/$%-)BB:&$%(,&,(6+&)/6)23$'$16%-$%8,%9-(%-3%8,15,5$>%$6%8?$//$16)$8%$/6%-?,70)&%(0'4&)/%8,%7)$;%a%kR$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%4;%!!Vm;%i0)&%8?,&6)(8$-?F(,6$&)1,%A38$,>%a%S,%1,63&$%-H1,')23$%-$/%B,)6/%8,15,5)$&/>%03%-$%8,%a%7)$%b%(9$I%R$&-)1,1-%-$Q,3//3&$%b>%)1%B*:-(%)#T(%,-"*",#,(#>*/))/%(>%Y^>%.&0I>%*$1:7$>%!ZZ`>%44%YP]^;]ZY%=,)/%01%,%73%-+C\%23$%(9$I%Q,3//3&$>%-:/%]V^]>%8$%4&0@8:'$%-$%8,%B0&'$%1$%/$%/+4,&$%4,/%-$%($83)%-3/01%h%,)1/)%4,&%$[$'48$%M%a%01%0440/$%,3//)%/037$16%($/%-$3[%0&-&$/%-$%B,)6%$1%-)/,16%23$%8?31%(01($&1$8$/%/01/%$6%8?,36&$%8$/%B0&'$/%5&,'',6)(,8$/>%($%23)%1$%&$4&+/$16$%4,/%31$%)-+$%(8,)&$%4,&($%23$%8$/B0&'$/%-$%8,%8,153$/%1$%/016%,36&$%(90/$%23$%8$/%/01/%~�Ä%kR;%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(.5"5%*3(>%4;%]Y^m;%.?,36&$%4,&6>%8?$[4&$//)01%=&%7(`)(")%,44,&,{6%-:/%8$%-+@36%-$%a%.$%8?$//$1($%-03@8$-3%8,15,5$%b>%23?01%1?,%4,/%$1(0&$%/3%-,6$&%M%a%J8%$/6%B,3[%k$6%)'4&,6)(,@8$m%-?0440/$&%8,%=&%7(%$6%8$%)(");K$%23)%$/6%C3/6$>%$1%&$7,1(9$>%(?$/6%-?0440/$&%8,%=-./%(#9&2*3(%-?31$%4,&6>%$6%8,%=&%7(`)(")%-$%8?,36&$%bkIO-,;>%4;%]_m;

XY

-)&,%Q,4)&]Z`;%K?$/6%8?)-+$%23$%8$%/3C$6%$/6%5&,'',)&)$1%-$%/,%4&04&$%8,153$;%F1%($8,%01

(0'4&$1-% ')$3[% 4$36Pe6&$% 403&230)% A&+,8% 4,&8$% -$% 80)/% a%)16$88$(63$88$/%b% 03

a%4/H(90805)23$/%b;% i0)()% $1(0&$% $1% (0''31% ,7$(% Q,3//3&$% ($% 6$&'$% -$

a%4/H(90805)23$%b>% 23)% -+B)1)6% 8,% 7)$% a%'$16,8$%b% -$/% /3C$6/>% 8,% 7)$% 5&,'',)&)$11$>

403&&,)6P01%-)&$;%a%G/H(90805)23$%b%,%,80&/%8,%7,8$3&%-$%a%&$8,6)B%\% 8?)1-)7)-3%b% ;%K?$/6

-$%($66$%',1):&$P8\>%23$%a%4/H(90805)23$%b%/$%-)/6)153$%-$%a%/0(),8%b>%(9$I%A&+,8>%(9$I

Q,3//3&$;% K$66$% 7,8$3&% -3% 6$&'$% a%4/H(90805)23$%b>% 103/% 8,% &$6&03701/% $1(0&$% (9$I

=,&($8% =,3//>% 23)% (9$&(9$% \% &,44&0(9$&% 31$% a%4/H(90805)$%b% $6% 31$% a%/0()0805)$%b

-,1/%31$%%a%,169&040805)$%b]Z_;

K$% 23)% ,44,&,{6>% (?$/6% 23$% 8$/% 5&,1-/% ,@/$16/% $6% )'4$1/+/% -$/% 69+0&)$/

1+05&,'',)&)$11$/%03%0&5,1)()/6$/%($% /016%+7)-$''$16%$1/$'@8$% 8$% /3C$6% $6% 8$% /$1/;

S$% 4&0C$6% -?31$% a%/+',16)23$%b>% )1,353&+$% 4,&% A&+,8>% $/6% $1% ($8,% 31% 4&0C$6% (&)6)23$;

G03&%A&+,8% 8$% 8,15,5$%$/6%a%8$%483/%1+($//,)&$% )1/6&3'$16%-$%()7)8)/,6)01%b]ZV>% )8%$/6%($

23)% 6&,1/B0&'$% 8$/% B0&'$/% -$% 7)$% 93',)1$]Z^;% D3//)% 4$36P01% 8)&$% -,1/% 8?1))*-# ,(

)57*"'-4/(% -$/% B0&'38,6)01/% ,66,(9+$/% \% -)&$% 8?9)/60&)()6+% -3% 7)7&$;% D)1/)%M% a%\

&$(011,{6&$%8$/%-)BB+&$1($/%23$%8$/%')$3[%-03+/%016%-?,@0&-%+6+%/$38/%\%/$16)&>%8,%73$%-$

(9,(31%-$7)$16%483/%4$&T,16$;%b]]Z;

A&+,8>%-,1/%8$%6$[6$%4,&%8$23$8%103/%(0''$1()01/>%6|(9$%-$%B,)&$%,44,&,{6&$%23$

8$/% 6&,1/B0&',6)01/% -,1/% 8,% 8,153$% 1$% /$% B016% 4,/% -$% ',1):&$% a%(01/()$16$%b>

4&+'+-)6+$>% ',)/% a% 23?31$%708016+% 0@/(3&$>% ',)/% 4$&/+7+&,16$>% 4&+/)-$% ,3[

(9,15$'$16/% -3% 8,15,5$%b;% K?$/6% 8?)-+$% 23$% 8?,(6)7)6+% -$/% /3C$6/% $/6% -$% 8?0&-&$% -$

8?)1(01/()$16>% -$% 8?)'4&+-)(6)@8$;% A&+,8% B,)6% 31% $1/$'@8$% -$% a%8?)16$88)5$1($% $6% 8,

708016+% 93',)1$%b>% 23)% $/6% 403&% 83)% a%8,% /$38$% (,3/$% 7&,)$%b;% S,% -)&$(6)01% 4&)/$% 4,&

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]Z`%#$%-+7$8044$%($8,%483/%80)1;%i0)&%4;%X`%$6%`Y;]Z_%i0)&%106,''$16%=,&($8%=,3//>%a%L,440&6/%&+$8/%$6%4&,6)23$%-$%8,%4/H(90805)$%$6%-$%8,%/0()0805)$%bk]^!Xm>%)1%>&2-&3&.-(#('#*"':%&$&3&.-(>%G&$//$/%U1)7$&/)6,)&$/%-$%R&,1($>%G,&)/>%]^YZ>%4;%!V]P"]Z;]ZV%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>%4;%!_P!V;]Z^%F7)-$''$16>%)8%H%,%,3//)%(9$I%A&+,8%31$%(&0H,1($%B0&6$%-,1/%8$%a%4&05&:/%b%$6%8,%a%()7)8)/,6)01%b;%K$/016%-$/%(&0H,1($/%$6%-$/%$/40)&/%-?+4023$%kQ,3//3&$%(016&,/6$%,7$(%A&+,8>%-$%($%40)16%-$%73$m;%K)601/4,&%$[$'48$%8,%B)1%-$%3A1))*-#,(#)57*"'-4/(%M%a%#$%1$%(&0)/%4,/%($4$1-,16%'$%6&0'4$&%$1%-)/,16%23$8?9)/60)&$%-3%8,15,5$>%&,'$1+$%\%-$/%80)/%)16$88$(63$88$/>%$/6%101%/$38$'$16%483/%7&,)$>%',)/%483/)16+&$//,16$%M%)8%1$%4$36%e6&$%)1-)BB+&$16%403&%103/%-$%70)&>%,3P-$//3/%-3%9,/,&-%,44,&$16%23)%&:51$%/3&%8,-$/6)1+$%-$/%'06/%$6%-$/%B0&'$/%-3%8,15,5$>%/$%'016&$&%-$/%80)/%(0&&$/401-,16%(9,(31$%\%31%4&05&:/%-$8?$/4&)6;%G03&%8$%49)80/049$>%403&%8?9)/60&)$1>%403&%6036%90''$%,66$16)B%\%8,%',&(9$%-$%8?93',1)6+>%)8%H%,48,)/)&%\%(01/6,6$&%($66$%'016+$%-$%8?)16$88)5$1($%23)%/$%B,)6%/$16)&%-,1/%8$%8$16%&$1037$88$'$16%-$/8,153$/%b%kIO-,;>%4;%]__m]]Z%IO-,;>%4;%X^;

X`

8?)17$16)01% -$% -)&$>% )17$16)01% -$% 7)7&$>% $/6% 31$% -)&$(6)01% a%)16$88)5$16$%b;% K$66$

)16$88)5$1($%-016%4,&8$%A&+,8%$/6%31$%)16$88)5$1($%5&,'',)&)$11$>%$6%6036$/%8$/%80)/%23?)8

+101($%/016%-$/%80)/%5&,'',)&)$11$;

S,%9&3&"'5#&O)2/%(LLL%-$%A&+,8%103/%&,44$88$%8,%',1):&$%-016%A$17$1)/6$%-+B)1)&,

8?)1(01/()$16%-,1/%/01%,&6)(8$%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$

É%($%1?$/6%/,1/%-036$%4,/%31%9,/,&->%)8%H%,%/,1/%-036$%)()>%-?31$%',1):&$%03%-?31$%,36&$

31$% '+'0)&$% -$% 8,% 49&,/$% -$% A&+,8;% A$17$1)/6$% +(&)6%k% C$% /038)51$mM% a%K$% 23n)8% H% ,

-n)16$16)011$8% -,1/% 8,% '06)7,6)01% 5037$&1$% &O)2/%57("'% 8,% ',1):&$% -016% 8n)17$16$3&

-n31% /6H8$% B,T011$% 8,% ',6):&$% (0''31$>% $6>% \% /,% ',1):&$% /nH% -+8)7&$;% K,&% ($% 23n01

,44$88$%)1(01/()$16%$/6%&$/401/,@8$%-$%8,%',1):&$%-016%8n)1-)7)-3%(01/6&3)6%/,%4$&/011$>

-$%($%23n)8%H%,BB)&'$%03%-$%($%23n)8%&$C$66$%03%)510&$>%($()%'06)7,16%($8,%b]]!;

J8%H%,%(9$I%A&+,8%31%$15,5$'$16%&+$8%403&%&$'$66&$%8?)16$88)5$1($%\% 603/;%G03&

B,)&$%-$%8?-"'(33-.("2(%/)'48$'$16%31$%23,8)6+%93',)1$>%($66$%)16$88)5$1($%+6,16%-+B)1)$

(0''$%,(6)7)6+%5&,'',)&)$11$%-$/%/3C$6/;%K$6%$15,5$'$16%$/6%(016)13%\%/$/%)-+$/%/3&

8?+-3(,6)01;% J8% 6&,7,)88$% \% (01($70)&% 31% ,44&$16)//,5$% +5,8)6,)&$% $6% )16$88)5$16% -$% 8,

8,153$%-,1/%8$/%+(08$/%4&)',)&$/%M

J8%$/6%~)'4$1/,@8$Ä%23?)8%1?H%$1%,)6%23?31$%')10&)6+%23)%43)//$%&+B8+(9)&%$6%4$1/$&>%$6% 8,4&$'):&$%23,8)6+%-3%8,15,5$>%(?$/6%8,%4&04&)+6+%-$/%6$&'$/>%$6%8?01%$/6%$1%-&0)6%-$%8?$[)5$&-$%8?037&)$&%$6%-3%4,H/,1%,3//)%@)$1%23$%-3%8)66+&,6$3&%$6%-3%49)80/049$;%]]"

F6%($6%,44&$16)//,5$%70383%4,&%A&+,8%$/6%)',5)1+%(0''$%-+C\%-:/%8$%483/%C$31$

|5$%31%$1/$)51$'$16%\%8,%&$(9$&(9$%4,&%8,%&$(9$&(9$>%'06)7,16%8,%(3&)0/)6+%$6%-011,16%8$

50c6% 403&% 8?)16$&&05,6)01;%A&+,8>% (016&$% 8?$1/$)51$'$16% -?31% /,70)&% B)5+>% 7$36% 4$1/$&

($6% $1/$)51$'$16P&$(9$&(9$>% $6% @)$1% ,7,16% 8?31)7$&/)6+>% 43)/23?)8% 7$36% 23$% ($8,% /0)6

/)'48$'$16%8,%23,8)6+%-$%6036%$1/$)51$'$16;%i0)()%4,&%$[$'48$%($%23$%A&+,8%+(&)6%-,1/

Z/(34/()#7&')#)/%#3A-")'%/2'-&"#$/O3-4/(%M

J8%B,36%23$%8$%4&0B$//$3&>%-,1/%/01%(03&/>%&$(0''$1($%8$/%&$(9$&(9$/%$6%&$B,//$%8$%6&,7,)8-$%8?)17$16$3&>%403&%'$66&$%/$/%+8:7$/%$1%+6,6%-$%(0'4&$1-&$%8$/%'+690-$/%/()$16)B)23$/$6% 403&% 8$/% &$1-&$% (,4,@8$/% -$% (016)13$&% 8$/% -+(037$&6$/% B,)6$/% 4,&% 8$3&/% ,{1+/% -,1/% 8,7)$;%]]X

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]]]%f1%/$%&,44$88$%-$%1037$,3%8$%7$&/%-?<350%M%a%l03/%(016$'4801/%8n0@/(3&>%8n)1(0113>%8n)17)/)@8$%b;]]!%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%V_;]]"%=)(9$8%A&+,8>%Z/(34/()#7&')#)/%#3A-")'%/2'-&"#$/O3-4/(#("#T%*"2(>%G,&)/>%<,(9$66$>%]V_!>%4;%YZ;

X_

a%.,1/%8,%7)$%b>%+(&)6P)8;%S,%&$(9$&(9$%403&%A&+,8%1?$/6%4,/%/+4,&+$%31%/$38%)1/6,16

-$% 8,%7)$;%.?0g%8,%(&)6)23$%(9$I%83)%-$%($3[%23)%/$%40/$16%-$/%4&0@8:'$/%\%4&040/%-3

8,15,5$% -$%',1):&$%'+(,1)/6$>% 1,63&,8)/6$>% $1% 03@8),16% ($3[% 23)% 4,&8$16% 8$/% 8,153$/>

-,1/%31$% /0&6$%-?,@/$1($%,3%'01-$%É%A&+,8% ,44$88$% ($8,% 3(# )-3("2(#,/#2*O-"(';%K9$I

A&+,8>%8$%/,70)&%$/6%&$')/%\%603/>%\%8?$[$&()($%(0''31%-$%8,%7)$;

K$%23)%,%C$6+%8$%-)/(&+-)6%/3&%($%(9,4)6&$>%($%/016%8$/%-)/6)1(6)01/%$//,H+$/%-,1/%8$%/)8$1($-3%(,@)1$6% 4,&%-$%4&+6$1-3/%-0(6$3&/% $1% 8,15,5$>% 23$%4$&/011$%1n,7,)6% (017)+/% \% ($66$6|(9$;%J8%1nH%,%-$%@011$/%-)/6)1(6)01/%23$%($88$/%23)%/$%B016%/,1/%4&+'+-)6,6)01>%/03/% 8,4&$//)01% -$/% ()&(01/6,1($/>% 4,&% )1/4)&,6)01% /3@)6$% $6% $1% 4&+/$1($% -n31% &+$8% @$/0)1>% 4,&($3[%23)%016%,BB,)&$%,3[%(90/$/%$88$/P'e'$/;%S$/%-)/6)1(6)01/%23$%B,)6%8$%4$348$%/016%8$//$38$/%7&,)$/%$6%8$/%/$38$/%@011$/]]Y;

f1%70)6%)()%($%23$%Q,3//3&$%,44$88$&,%8$%/$16)'$16%-$%8,%8,153$;%J8%+(&)&,%-$%8,

'e'$%',1):&$%a%K$%23)%$/6%&+$8>%(?$/6%($%-016% 8$/%/3C$6/%4,&8,16/%016%(01/()$1($%\%31

-$5&+%23$8(0123$%h%6036%($%-016%)8/%016%(01/()$1($%$6%&)$1%23$%2(%-016%)8/%4$37$16%,70)&

(01/()$1($%b%]]`;%A&+,8>%Q,3//3&$%-+C\% )16$&&05$16% 8?52&/'(;%f1%70)6%$1(0&$%(0''$%($

4&)1()4$% /$&,% )'40&6,16% 403&% Q,3//3&$% 80&/23?)8% 6&,7,)88$&,% \% -+(037&)&% 8$/

4,&,5&,''$/>%\%)16$&&05$&%8?+(036$%-?31%6$[6$]]_;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]]X%IO-,0>%4;%"XY;]]Y%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY4;%X";]]`%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%4;%]V"P]VX;]]_%K$%23$/6)011$'$16%(0''$1($%%(9$I%Q,3//3&$%4,&%31$%&$')/$%$1%23$/6)01%-$%8?0&-&$%8)1+,)&$%-$%8,8,153$%(0''$%4&)1()4$%-?+(036$%h%Q,3//3&$%/$%-$',1-$%/?)8%$/6%40//)@8$%-$%4$1/$&%31$%a%'0H$11$%-$/)'4&$//)01/%,(03/6)23$/%b>%a%90&/%-$%8?0&-&$%-,1/%8$%6$'4/%23?016%8$/%+8+'$16/%b>%a%90&/%-$%8?0&-&$8)1+,)&$%b%h%',13/(&)6%()6+%4,&%#$,1%Q6,&0@)1/d)>%<()#S&')#)&/)#3()#7&')>%*,88)',&->%G,&)/>%]^_]>%4;%X_;

XV

Y<'(&2:,-*:-&,*+5,+,1-&6-&#;-Z)%7,-*:-&3&L(),7

D7,16% -?0@/$&7$&% -$% ',1):&$% /4+()B)23$% 8?+(&)63&$% -?31% )1(01/()$16% (9$I

A$17$1)/6$>%C$%703-&,)%,C036$&%23$823$/%&+B8$[)01/%1+($//,)&$/%403&%8,%403&/3)6$%-$%($

6&,7,)8>%\%4&040/%-?F-E,&-%Q,4)&;

S$%6$&'$%/"2&")2-&/)%$/6%B&+23$16%(9$I%Q,4)&>%$6%$[6&e'$'$16%)16+&$//,16%403&

103/>% (,&% 4&0(9$% -3% 8,@0&,60)&$% 23$% 103/% 7$101/% -$% -)/6)153$&;% f1% 8?,4$&T0)6% 4,&

$[$'48$% -,1/% 8?)16)638+% -?31% -$% /$/% ,&6)(8$/% 8$/% 483/% (0113/>% a%R:(# G"2&")2-&/)

K*''(%"-".# &=# 8(:*9-&%# -"# >&2-('Q%b]]V>% 43@8)+% $1% ]^!_%h% 23$% C$% 6&,-3)/% ,)1/)%M%a%S,

4&0-3(6)01%)1(01/()$16$%-$/%B0&'$/%-$%8,%/0(),@)8)6+%b]]^;

.?,36&$/% (01($46/% (9$I% 83)% /016% \% &$',&23$&>% (0''$% -"'/-'-&"%>% =&%7`=((3-".

k/$16)'$16% -$% 8,% B0&'$m>% (N$(%-("2(>% 03% 3*'("';% K$/% 6$&'$/% /016% &+7+8,6$3&/% -?31$

,44&0(9$%$)Q2:&3&.-4/(%-$/%,(6)7)6+/%93',)1$/>%,44&0(9$%23)%1,{6%(0''$%103/%8?,701/

73%-,1/%8,%/$(01-$%4,&6)$%-3%WJW$%/):(8$>%$6%23)%/?)16+&$//$%\%8?,(6)7)6+%)16$88$(63$88$%-$/

/3C$6/>%(01T3$%(0''$%4&)1()4$%-$/%6&,1/B0&',6)01/%$6%-$%8?)17$16)01%-$%B0&'$/%-$%7)$;

K?$/6% 4,&% 8$% (01($46% -$% 3*'("'% 23$% C$% 703-&,)% (0''$1($&% ($66$% ,1,8H/$;% G,&

4,&$169:/$>% 01% ,C036$&,% 23$%=)(9$8% A&+,8% )16)638,)6% 31$% -$% /$/% 8$T01/% ,3% K088:5$% -$

R&,1($>%$1%]V`V>%a%S$/%)-+$/%8,6$16$/%-3%8,15,5$%b]!Z>%$6%103/%70H01/%8$%6$&'$%4&+/$16

-,1/%8?+(&)63&$%-$%Q,3//3&$%M

0&>%(0''$%8,%5+1+&,8)/,6)01%/3440/$%31%$&-"'#,(#9/(%23)%/$&6%-$%(&)6:&$>%8$/%4&$'):&$/%$68$/%483/%)&&+-3(6)@8$/%$16)6+/%-016%4$36%/?0((34$&%8$% 8)153)/6$%/016%-+C\%8$%4&0-3)6%-?31$04+&,6)01%8,6$16$%-$%8?$/4&)6;%]!]

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]]V%K$%6$[6$%,%+6+%-011+%4,&%Q,4)&%\%8?0((,/)01%-?31%/H'40/)3'%4&+()/+'$16%/3&%8?)1(01/()$16;%a%O9$U1(01/()03/%G,66$&1)15%0B%A$9,7)0&%)1%Q0()$6H%b>%)1%R:(#G"2&")2-&/)#6#F#>Q7$&)-/7>%F;Q;%.3''$&>$-;m>}104B>%l$EPÑ0&d>%]^!_>%4;%]]XP]X!;%D&6)(8$%&$4&)/%-,1/%8$%7083'$%>(3(2'(,#]%-'-".)#&=#1,^*%,>*$-%%-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%YXXPYY^;]]^%D7$(%8?,)-$%-$%=)(9$8%D-1:/%$6%-?D1-&$E%F,/6',1;]!Z%S$T01%&$4&)/$%-,1/%8$%7083'$%H(#3*#.%*77*-%(#2&7$*%5(#g#3*#)57*"'-4/(>%6$[6$/%-$%=)(9$8%A&+,843@8)+/%$16&$%]V`X%$6%]V^V>%)16&0-3(6)01>%(0''$16,)&$/%$6%@)@8)05&,49)$%4,&%G)$6%.$/'$6%$6%G)$&&$QE)55$&/>%G$$6$&/>%S$37$1%É%G,&)/>%]^^Y>%4;%]VXP!]";%F6%-,1/%8$%&$(3$)8%43@8)+%4,&%A&+,8%-$%/01%7)7,16>$1%]V__>%S53*".()#,(#7Q':&3&.-(#('#,(#3-"./-)'-4/(;%.,1/%106&$%+-)6)01>%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>4;%]V_P!Z!;]!]%R$&-)1,1-%-$%Q,3//3&$>%H(#3A())("2(#,&/O3(#,/#3*".*.(>%)1%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>*,88)',&->%G,&)/>%!ZZ!>%4;%!";

X^

K9$I%Q,3//3&$>%8$/%04+&,6)01/%-$%8?$/4&)6%/016%-)6$/%3*'("'()%(,&%($%23$%-+8)')6$

8?$/4&)6%(0''$%$16)6+/%$/6%8$%4&0-3)6%-?31%($&6,)1%40)16%-$%73$;%D3(31$%$16)6+%1?$[)/6$

$1% /0)>% 4,&($% 23$% 8$% 40)16% -$% 73$% (&+$% 8?0@C$6;% F6% /)% 8$/% 04+&,6)01/% -$% 8?$/4&)6% /016

8,6$16$/>%(?$/6%23?$88$/% /016% )1(01/()$16$/;%.?0g%(9$I%Q,3//3&$% 8,%-)&$(6)01%4&)/$%7$&/

31$% ,1,8H/$% -$/% 40)16/% -$% 73$>% $6% 31$% ,360P,1,8H/$% 4$&',1$16$;%K?$/6% ($% 23?)1-)23$

($66$% -$&1):&$% ()6,6)01;%f1% /$% /037)$16% $1% $BB$6% 23$% (9$I% Q,3//3&$>% 8$% (9$&(9$3&% -0)6

/?,1,8H/$&%83)P'e'$>%/$%-$',1-$&%2(#4/A-3#=*-';%A$17$1)/6$%/038)51$&,%($66$%-)/()48)1$

$1/$)51+$%4,&%Q,3//3&$>%a%'016&$&%,3%8)153)/6$%2(#4/A-3#=*-'%b]!!;%K?$/6%31$%4$1/+$%-$/

$1C$3[%-$% 8,%4$1/+$;%A$17$1)/6$% &$',&23$&,%483/% 6,&->%-,1/%/01%$16&$6)$1%,7$(%G)$&&$

.,)[%$1%]^`V>%($66$%(,&,(6+&)/6)23$%-$/%a%6$'4/%'0-$&1$/%b%M%a%.?31$% B,T01%5+1+&,8$

103/% /0''$/% \% 8?+4023$% -$/% 4&)/$/% -$% (01/()$1($;% K?$/6% 4$36Pe6&$% ,3% B01-% ($% 23)

(,&,(6+&)/$% 6036$% 8,% (3863&$% '0-$&1$>% (?$/6% 23?$88$% -$7)$16% -$% 483/% $1% 483/

(01/()$16$%b]!";

K9$I%Q,4)&>%$1%]^!]>%-,1/%8?037&,5$%<*"./*.(+#F"#I"'%&,/2'-&"#'&#':(#>'/,Q#&=

>$((2:>%103/%70H01/%\%483/)$3&/%&$4&)/$/%,44,&,{6&$%($%(01($46%-$%a%8,6$16%b;%#$%-011$

()P-$//03/%31%$[$'48$%)16+&$//,16;

<*"./*.(#*",#&/%# ':&/.:'`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e':(# -"'/-'-9(# /()$1($# &=(N$(%-("2(0#I'#-)#':(#7*"-=()'#=&%7#':*'#-)#"(9(%#'^-2(#':(#)*7(+#=&%#':-)#=&%7+#^:-2:#^(2*33#3-"./-)'-2#7&%$:&3&.Q+#-)#"&':-".#7&%(#"&%#3())#':*"#*#2&33(2'-9(#,&6#&=#':&/.:'+#*"*%'#,("/,(,#&=#':(#-%%(3(9*"2-()#&=#-",-9-,/*3#)("'-7("'0#F'#3*)'#*"*3Q)-)+#':("+#3*"./*.(2*"# "&# 7&%(# =3&^# =%&7# %*2(# *)# )/2:# ':*"# 2*"# ':(# )&""('# =&%70LPU% S$% 8,15,5$% $6% 10/9,@)63-$/%-$%4$1/+$%/016%)1$[6&)(,@8$'$16%'e8+/h%)8/%/016>%-,1/%31%/$1/>%31$%/$38$%$6%'e'$%(90/$;K0''$%&)$1%1$%7)$16%-+'016&$&%23n)8%H%,)6%-$/%-)BB+&$1($/%)'40&6,16$/%-3$/%\%8,%&,($%-,1/%8$%603&-$%8,%4$1/+$>%)8%B,36%$1%-+-3)&$%23$%8,%-)7$&/)6+%/,1/%@0&1$/%-$%8,%B0&'$%8)153)/6)23$>%(n$/6P\P-)&$8n)1B)1)$%7,&)+6+%-$%8,%4$1/+$>%1$%4$36%e6&$%8n)1-)($%-$%-)BB+&$1($/%&,(),8$/;%K$()%1n$/6%31%4,&,-0[$23n$1%,44,&$1($%M%8$%(016$13%8,6$16%-$%6036%8,15,5$%$/6%8$%'e'$>%$6%(n$/6%8,%(011,)//,1($%)163)6)7$$15$1-&+$%4,&% 8n$[4+&)$1($h%',)/% /,% B0&'$%$[6+&)$3&$%1n$/6% C,',)/%-$3[% B0)/% 8,%'e'$>% (,&% ($66$B0&'$%23$%103/%,44$801/%'0&490805)$>%$/6%/)'48$'$16%8n,&6%-$%6&,-3)&$%8,%4$1/+$>%31%,&6%(088$(6)B

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]!!%S$66&$%-$%R$&-)1,1-%-$%Q,3//3&$%\%D160)1$%=$)88$6>%~X%C,17)$&%]V^XÄ>%a%S$66&$/%-$%R$&-)1,1-%-$Q,3//3&$%\%D160)1$%=$)88$6%b%k43@8)+$/%4,&%%F;%A$17$1)/6$m>%)1%B*:-(%)#T(%,-"*",#,(#>*/))/%(>%!]>k]^`Xm>%4;%^Y;%kG03&%($66$%8$66&$%31)23$'$16%$6%/01%(0''$16,)&$%4,&%F;%A$17$1)/6$>%(B;%K0<0m0#L>%4;%"_P"V;m]!"%F')8$%A$17$1)/6$>%a%Q6&3(63&,8)/'$%$6%8)153)/6)23$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+P>%*,88)',&->%G,&)/>%]^_X>%4;%!_;]!X%F-E,&-%Q,4)&>%<*"./*.(0#F"#I"'%&,/2'-&"#'&#':(#>'/,Q#&=#>$((2:>%<,&(03&6%A&,($%,1-%K0'4,1H>%Q,1.)$50%É%l$E%Ñ0&d%É%S01-01>%]^!]>%4;%!]_P!]V;

YZ

-+403)88+% -$/% (016&,-)(6)01/% -3% /$16)'$16% )1-)7)-3$8;% F1% -$&1):&$% ,1,8H/$>% 31% 8,15,5$% 1$% 4$36-01(%-+4$1-&$%-$%8,%&,($>%4,/%483/%23$%1n$1%-+4$1-%8,%B0&'$%-n31%/011$6;%b#LPC

S$%4&040/%-$%Q,4)&%$1%4&$')$&%$/6%-$%-)&$%23?01%1$%4$36%\%4,&6)&%-?31%&$5,&-%/3&

8,%a%B0&'$%b%-?31$%8,153$>%-+'016&$&%-$/%-)BB+&$1($/%&,(),8$/;%Q,4)&%$/6%$1%($8,%$15,5+

(016&$% 31% &,(),8)/'$% -?+4023$;% Q,% 4$1/+$% $/6% ,-7$&/$% ,3[% 6H40805)$/>% \% 8,% ',1):&$

8050($16&)23$% 9+&)6+$% -$% G0&6% L0H,8% -$% (01($70)&% 31$% 9)+&,&(9)$% $16&$% 8$/% 8,153$/>

/$801%31%40)16%-$%73$% 805)()$1%70H,16%-,1/% 8,% B0&'$%-$/% 8,153$/%31% &,440&6% 483/% 03

'0)1/% ,1,8053$% \% 31% 0&-&$% -$% 8,% 4$1/+$;% J()% Q,4)&% 4,&8$% -$% 2&"=&%7*'-&"# &=# ':&/.:'

ka%(01B0&',6)01%-$%8,%4$1/+$%bm>%(0''$%/?)8%4037,)6%$1%$BB$6%/$%(01($70)&%-$%',1):&$

$//$16)$88$% -$/% -)BB+&$1($/% $16&$% 8$/% (3863&$/% -,1/% 8$% 8)$1% 483/% 03%'0)1/% &+3//)% -$% 8,

4$1/+$%$6%-$%8,%8,153$]!`;

#?,)%(90)/)%($%4,//,5$%4,&($%23?)8%,3&,%43%e6&$%(0'4&)/%\%8?)17$&/$%-$%($%23)%'$

/$'@8$% e6&$% /,% 7)/+$% $6% -$7$1)&% 4,&% $[$'48$% 31% 40)16% -?,443)% 403&% 8$/% 69+0&)$/

/6&3(63&,8)/6$/>% $//$16),8)/6$/% 31)7$&/,8)/6$/>% 23$823$/% -+($11)$/% 483/% 6,&-;% l03/

$[,')1$&01/% 483/% 80)1% 4&+()/+'$16% ($% 4&0@8:'$% $1% 8)/,16% ,66$16)7$'$16% 23$823$/

$[6&,)6/% /)51)B)(,6)B/% -$% 6$[6$/% -$% K8,3-$% S+7)PQ6&,3//;% F1% $BB$6>% 01% 403&&,)6% )()

(0'4&$1-&$% 23$% Q,4)&% 40/$% 31% 31)7$&/$8% -$% 8?$[4+&)$1($% )163)6)7$>% 31$% /0&6$% -$

(0''31,36+% -$% @01% /$1/>% 31$% $[4+&)$1($% -3% '01-$% 23)% /$&,)6% 31)7$&/$88$'$16% 8,

'e'$>%$6%-$/%B0&'$/%-)7$&/$/%403&%',1)B$/6$&%($66$%$[4+&)$1($;%.)/01/%4,&%4,&$169:/$

23$% ($% /3440/+% 5&,1-% 31)7$&/$8% (9$I% S+7)PQ6&,33/>% /$38% 40)16% 40//)@8$% -$% &$1(016&$

$16&$% 8$/% (3863&$/>% /?,44$88$&,% 8?-"2&")2-("'>% ',)/% +7)-$''$16% (?$/6% @)$1% 80)1% -$% ($

23?01%$//,H$%-$%-+7$8044$&%)();%F1%B,)6>%($%23$%8?01%403&&,)6%(0'4&$1-&$%)()%(9$I%Q,4)&>

4,&%9,@)63-$%-$%4$1/+$>%($%/$&,)6%8?+101(+%-?31$%/0&6$%-?,4&:/PA,@$8>%'H69$%-$%8?31%$6

-3% '386)48$>% -,1/% 8$% /$1/% 0g% /,)16% D353/6)1% 03% J/)-0&$% -$% Q+7)88$% 8?+(&)7$16>% a% -"

,-9(%)&)#)-."&%/7#)&"&)#:/7*"*7#,-9-,(%('#)&2-('*'(7#b]!_%É%a%$1%-)BB+&$16/%/01/%-$/

/)51$/%8,%/0()+6+%93',)1$%B36%-)7)/+$%b;%S$/%a%/)51$/%b%+6,16%)()%-$%8?0&-&$%-3%'e'$>%$6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]!Y%O&,-3(6)01%B&,1T,)/$%-$%Q;%=;%*3)88$')1>%F;%Q,4)&>%<(#<*".*.(0#I"'%&,/2'-&"#g#3A5'/,(#,(#3*#$*%&3(>G,H06>%G,&)/>%]^Y">%]^`_>%4;%!]";]!`%F7)-$''$16%($66$%/+4,&,6)01%-$%8,%8,153$%$6%-$%8,%4$1/+$%7,%e6&$%(&)6)23+$%4,&%Q,4)&;]!_%J/)-0&$%-$%Q+7)88$%kJ/)-0&3/%<)/4,8$1/)/m>%1'Q7&3&.-*(#)-9(#&%-.-"()>%S)7&$%JW>%(9,4;%]%Ü];%i0)&8?+-)6)01%@)8)153$%-$%($%6$[6$%4,&%=,&(%L$H-$88$6%k(0''$16,)&$/%$6%6&,-3(6)01m>%S$/%A$88$/PS$66&$/>%G,&)/>]^VX>%4;%"ZP"]%M%a%<-"./*%/7#,-/(%)-'*)#(N&%'*#()'#-"#*(,-=-2*'-&"(#'/%%-)#$&)'#,-3//-/70#c*7#$%-/)4/*7)/$(%O-*#'/%%-)#-33-/)#-"#,-/(%)&)#)-."&%/7#)&"&)#:/7*"*7#,-/-,(%('#)&2-('*'(7+#/"*#&7"-/7#"*'-&"/73-"./*#=/-'#4/*(#:(O%(*#/&2*'/%%b%h%6&,-3(6)01%-$%=,&(%L$H-$88$6%M%a%S,%-)7)/)01%-$/%8,153$/%$/6%,44,&3$\%8?0((,/)01%-$%8,%(01/6&3(6)01%-$%8,%603&%,4&:/%8$%-+835$;%.$%B,)6>%,7,16%23$%8?0&53$)8%-$%($66$%603&%-)7)/|68,%/0()+6+%93',)1$%/$801%-)BB+&$16/%/01/%(9,&5+/%-$%/$1/>%)8%H%,7,)6%31$%8,153$%(0''31$%\%6036$/%8$/1,6)01/%23)%$/6%,44$8+$%9+@&,N23$%b;%J8%'$%4,&,{6%483/%C3/6$%-$%6&,-3)&$%a%-"#,-9-%)&)#)-."&%/7#)&"&)#b%4,&a%$1%-)BB+&$16/%/01/%-$/%/)51$/%b;

Y]

8$/%/01/>%$3[>%-$%8?0&-&$%-3%'386)48$;%fg%8?01%70)6%8$/%9,@)63$8/%4,&,-)5'$/%/?0440/$&%M

8?)16$88)5)@8$%$6%8$%/$1/)@8$>%8$%(016$13%$6%8,%B0&'$>%8$%(016)13%$6%8$%-)/(016)13>%8?$/4&)6%$6

8$% (0&4/>% 8?31% $6% 8$% '386)48$�% Q)% Q,4)&% $1% $BB$6% 6&,7,)88$% \% 4$1/$&% 31$% 6$1/)01% -$

8?31)7$&/$8%$6%-3%4,&6)(38)$&>%($%1?$/6%4,/%$1%0440/,16%(0''$%,)1/)% 6&,-)6)011$88$'$16

8$%(016$13%$6%8,%B0&'$>%8?$/4&)6%$6%8$%(0&4/%�%',)/%$1%40/,16>%31%4$3%\%8,%',1):&$%-$

A&+,8% 31% 31)7$&/$8% -,1/% 8,% -H1,')23$% -$% 8,% 7)$% /3@C$(6)7$% $6% )16$&/3@C$(6)7$>

4&0-3(6&)($%-$%1037$88$/%B0&'$/%-$%7)$>%-$%1037$,3[%/$16)'$16/%-$%8,%B0&'$;

D)1/)% Q,4)&% B,)6% /$% (0&&$/401-&$% a%':(# -"=-"-'(# 9*%-*O-3-'Q# &=# 3-"./-)'-2# =&%7#b% É

a%8?)1B)1)$% 7,&),@)8)6+% -$% 8,% B0&'$% 8)153)/6)23$%b% É% $6% a#':(# -"=-"-'(# 9*%-*O-3-'Q# &=# ':(

*2'/*3#$%&2())#&=#':&/.:'#n%É%a%8?)1B)1)$%7,&),@)8)6+%-3%4&0(:/%'e'$%-$%8,%4$1/+$%b0#S,

6&,-3(6)01%B&,1T,)/$%4,//$%\%(w6+%-$/%4&0@8:'$/>%+(&)7,16%a%8,%-)7$&/)6+%/,1/%@0&1$/%-$

8,%B0&'$%8)153)/6)23$%b%$6%a%8?)1B)1)$%7,&)+6+%-$%8,%4$1/+$%b;%D3%8)$3%-$%-)&$%$6%-$%&+4+6$&

(0''$%8$%B,)6%Q,4)&%a%7,&),@)8)6+%b>%(?$/6P\P-)&$%-$%4$1/$&%8?9)/60)&$%$6%8$%/3C$6>%$88$%-)6

a%/,1/%@0&1$/%b%',)/%/3&6036%a%7,&)+6+%b>%31$%59$660N/,6)01%-$%8,%(3863&$>%($%(016&$%230)

4&+()/+'$16%6&,7,)88$%Q,4)&;%L$',&2301/%8$%/)1538)$&>%3*%B0&'$%8)153)/6)23$>%$6%3(%4&0(:/

&+$8% -$% 8,% 4$1/+$;% <*% B0&'$% 8)153)/6)23$% $6% 101% 3()% B0&'$/>% (?$/6% 8$% 4,//,5$% -?31$

'0&490805)$% \% 31$% ,36&$%',1):&$% -$% (01($70)&% 8$% B0&'$8% -,1/% 8,% 8,153$%h% 8$% B0&'$8

(0''$% ,(6)7)6+% -$% 4$1/+$% -,1/% 8,% 8,153$;% F1% $BB$6>% ($% 23)% $/6% ,3% (v3&% -3

23$/6)011$'$16% )()>% $6% 23)% $/6% ,3% (v3&% -$% 8?,169&040805)$% 23?+(&)6% Q,4)&>% (?$/6% 8$

4&0@8:'$% -$% 8,% =&%7(;% G03&% 83)>% 8$/% 4&+0((34,6)01/% 93',)1$/% /016% 4&04&$'$16% -$/

4&+0((34,6)01/%B0&'$88$/;

Q,4)&% 4&040/$% -$% 4$1/$&% 23$% 8?a% )1B)1)$% 7,&),@)8)6+% -$% 8,%B0&'$% 8)153)/6)23$%b

(0&&$/401-%\%31%*2'/*3#$%&2())#&=#':&/.:'>%(,&%8,%=&%7(%)()%$/6%/$16)'$16%-$%8,%B0&'$>

($% 23$% Q,4)&% ,44$88$% ,)88$3&/% =&%7`=((3-".LPM;% S,% 6&,-3(6)01% B&,1T,)/$% 1$% 70)6% 1)% 8$

4&0(:/>% 1)% 8?,(6)7)6+% -$% ($% 4&0(:/% -$% 8,% 4$1/+$% k*2'/*3>% 23?01% 403&&,)6% 6&,-3)&$% 4,&

a%&+$8%b>%,%8,%7,8$3&>%)8%'$%/$'@8$>%$6%($()%/$&,)6%6&:/%)'40&6,16>%-$%a%$1%,(6$%bm;

.,1/%31$% 8$(63&$% /)'48)/6$% $6% $&&01+$>% 01% (0'4&$1-&,)6% 4,&% 8,% /3)6$%23$%Q,4)&

0440/$%a#':(#3*'("'#2&"'("'#&=#*33#3*"./*.()#b%k8$%(016$13%8,6$16%-$%6036$/%8$/%8,153$/m%\

a#':(# 7*"-=()'# =&%7#b%k8,% B0&'$% ',1)B$/6$mh% 8,% B0&'$% ,3% (016$13>% 8,% /3&B,($% ,3[%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]!V%T&%7`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

Y!

4&0B01-$3&/;% =,)/% )8% /$'@8$&,% 483/% B&3(63$3[% $6% 483/% (09+&$16% -$% 4$1/$&% 23$% Q,4)&

':1$% 8,% (&)6)23$% -$% 6$88$/% -)(9060')$/;% Q,4)&% +(&)6% 23$% a#':(# 3*'("'# 2&"'("'# &=# *33

3*"./*.()#b# l% a%8$% (016$13% 8,6$16% -$% 6036$/% 8,153$/%b% LPa># $6% 23)% $/6% -)6% 603C03&/% 8$

'e'$>% $/6% a#':(# -"'/-'-9(# /()$1($# &=# (N$(%-("2(#b# É% a%8,% )2-("2(% )163)6)7$% -$

8?$[4+&)$1($%b% LVW;% S$% (016$13% 8,6$16% -$% 6036$/% 8,153$/>% 6$8% 23$% C$% 8$% (0'4&$1-/>% 1$

-+B)1)6%4,/%31%&+,8)/'$>%31$%$[4+&)$1($%23)%/$&,)6%31)7$&/$88$'$16%8,%'e'$%$6%0((386+$

4,&% 8$/% 8,153$/% 23$% 103/% 4,&801/>% 4,&% 8,% -)7$&/)6+% -$/% B0&'$/]"]>% ',)/% 8?)1B)1)% -$

8?$[4+&)$1($>% /01% ,7,1(+$% )163)6)7$;% S?31)7$&/$8>% 8$% (0''31>% )()>% (?$/6% 8?-"'/-'-&";

S?$[4&$//)01%a#':(#7*"-=()'#=&%7#b%$/6%(&)6)23$%-3%B0&',8)/'$%$6%&+,8)/'$%-016%01%7)$16

-$%4,&8$&%h%$88$%-+B)1)6>%(0''$%103/%8$%7$&&01/%483/%80)1%8$%4&+/$16%-?31%&,440&6%\%-$%8,

B0&'$;%S$/%106)01/%-$%a#2&"'("'#b%k(016$13m%$6%-$%a#=&%7#b%kB0&'$m%1$%/?0440/$16%483/

)()%(9$I%Q,4)&%M%8,%B0&'$%(01T3$%(0''$%)("'-7("'#,(#3*#=&%7(>%,(6)7)6+%-$%4$1/+$>%-?31

7)7&$>%1?$/6%483/%/+4,&,@8$%-3%(016$13%-$%8,%4$1/+$>%8,6$16>%$1%,7,16>%)1B)1);

S?$[4&$//)01% a%)163)6)7$% )2-("2(%b% -0)6% ,3//)% e6&$% &$',&23+$% (0''$% (&)6)23$

-?31% &$B3/% 9,@)63$8% -$% 8?)163)6)01% (0''$% '+690-$% /()$16)B)23$]"!% ,3% 4&0B)6% -?31$

4&+6$1-3$%1$36&,8)6+%03%0@C$(6)7)6+%+7)-$''$16%)883/0)&$;%Q,4)&%4$1/$%8$%/3C$6>%1$%4$36

4,/%4$1/$&%/,1/%8$%/3C$6;

S$%(016$13%-$%6036$/%8,153$/%$/6%-)6%a#3*'("'#b%4,&($%23?)8%$/6%603C03&/%,)1/)%$1

,7,16>%'$1+%4,&% 8?)163)6)01;%F1%-)/,16%23$%a#':(# 3*'("'#2&"'("'#&=#*33# 3*"./*.()# -)# ':(

)*7(#b>%u% a%8$% (016$13% 8,6$16% -$% 6036$/% 8$/% 8,153$/% $/6% 8$%'e'$%b>% Q,4)&% -+B)1)6% 31

31)7$&/$8>%23)%$/6%101%31$%/6&3(63&$%4&0B01-$%',)/%8?,(6)7)6+%-$%4&0-3(6)01%-?31%7)7&$

k8$%6$&'$%-$%a#3*'("'#b%&$4&)/%4,&%8$/%/6&3(63&,8)/6$/%03%8,%5&,'',)&$%31)7$&/$88$%4&$1-&,

48,($% ,3[% (w6+/% -$% 8?0440/)6)01% )/%=*2(# )'%/2'/%(>% ,(($# )'%/2'/%(% ka%/6&3(63&$% -$

/3&B,($>%b%a%/6&3(63&$%4&0B01-$%bm%4,&%$[$'48$%(9$I%l;%K90'/dHm;%S$%(016$13%8,6$16%-$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%a%/$16)'$16%b%03%a%B$$8)15%b;%l03/%6&03701/%(9$I%Q,4)&%8$/%$[4&$//)01/%=&%7`=((3-".>%=&%7#=((3-".>=((3-".#=&%#=&%7>%03%$1(0&$%=&%7#-"'/-'-&")>%$6%-$/%23,8)B)(,6)B/%6$8%)/O7(%.(,>%03%/"2&")2-&/);]!^%S,%6&,-3(6)01%B&,1T,)/$%-)6%a%6036%8,15,5$%b>%($%23)%',123$>%/$801%'0)>%-$%69+0&)$%-3%8,15,5$;]"Z%S,%6&,-3(6)01%&$/6$%,7$358$%$6%/$%6&0'4$%$1%-)/,16%a%8,%(011,)//,1($%)163)6)7$%$15$1-&+$%4,&8?$[4+&)$1($%b>%(,&%$88$%-+B,)6%8?$[4+&)$1($%-$%8,%(011,)//,1($>%8?31%+6,16%73%(0''$%$15$1-&,16%8?,36&$>,80&/%23$%Q,4)&%8$/%)1-)//0()$>%$6%1$%4,&8$%4,/%-3%6036%-?$15$1-&$'$16%h%-?,36&$%4,&6%$88$%1$%70)6%4,/%8$(01($46%-$%)2-("2(>%6&:/%)'40&6,16>%$6%23)%4,&%8,%/3)6$%/$%6)$1-&,%-,1/%31$%6$1/)01%$6%(0&&$/401-,1($%,7$(8$%(01($46%-$%*%'>%603/%-$3[%/038)51+/%-?31%)6,8)23$;]"]%K8,3-$%<,5:5$>%-,1/%($%/$1/>%-,1/%/01%(03&/%-3%]^%107$'@&$%!ZZ!>%(03&/%,113$8%(01/,(&+%\%a%S,-)7$&/)6+%-$/%8,153$/%$6%8,%/3@C$(6)7)6+%b>%-+B)1)//,)6%8,%8,153$%(0''$%%a%8$%5&,1-%8,')10)&%-$/%B0&'$/%b;]"!%G$1/01/%,3//)%-,1/%8$%4,H/,5$>%$6%-016%4$36Pe6&$%8$%6&,7,)8%+6,)6%(0113%-$%Q,4)&>%\%A$&5/01>%,H,16%+&)5+a%8?)163)6)01%$1%'+690-$%49)80/049)23$%b%ka%.$%8,%40/)6)01%-$/%4&0@8:'$/%b%k$//,)%+(&)6%$1%]^!!m>%)1%<*$(")5(#('#3(#7&/9*"'>%]^"Xm;i0)&%\%($%/3C$6%8$%8)7&$%-$%*)88$/%.$8$3I$%/3&%A$&5/01>%<(#8(%.)&"-)7(kGUR>%]^``m>%-016%8$%4&$')$&%(9,4)6&$%/?)16)638$%a%S?-"'/-'-&"%(0''$%'+690-$%b;%S$/%)16)638+/%-$/%8)7&$/-$%A$&5/01%/016%-+C\%/)'48$'$16%)16+&$//,16/%403&%103/>%403&%,4$&($70)&%31$%+4023$%$6%/01%$/40)&

Y"

6036$/% 8,153$/>% 403&% Q,4)&>% $/6% 31% )1B)1)>% 31$% ,(6)7)6+;% K$()% @)$1% /c&% /?0440/$% \% 31$

',1):&$%',)16$1,16%9,@)63$88$%-$%-+B)1)&% 8$%a%8,6$16%b%$6% 8?%a%)1(01/()$16%b>%(0''$%($

23)%$/6%(,(9+>%$1B03)>%($%23)%1?$/6%4,/%(01/()$16>%31$%95%-'5#,/#)/@('LVV%23?)8%1$%4$36%1)

1$% 7$36% 70)&;% K$/% ,(($46)01/P8\% /016% 483/% 6,&-)7$/>% $88$/% /016% ($88$/% -?31$% ($&6,)1$

4/H(9,1,8H/$>%106,''$16%/6&3(63&,8)/6$>%8,(,1)$11$;%K$%/016%',)16$1,16%-$/%,(($46)01/

(0''31$/>% 01% ,% 03@8)+% 23$% 8$% 8,6$16>% 8$% /3@8)')1,8>% 8?)1(01/()$16% +6,)$16% ,7,16% 8,

4/H(9,1,8H/$>%$6%\%8,%1,)//,1($%-$%8,%4/H(9,1,8H/$>%23)%,3&,%$1/3)6$%603&1+%($/%6$&'$/%\

/,%',1):&$>%8$/%(01($46/%-?31$%4$1/+$%7)6,8)/6$%$6%93',1)/6$>%31$%4$1/+$%-$%8?)163)6)01

)17$16$3/$% -$% 1037$88$/% B0&'$/% -$% 7)$>% ($66$% 6&,-)6)01% -$% 4$1/+$% 23)% (03&6% C3/23?\

A$17$1)/6$;% S?)1(01/()$16% $6% 8$% 8,6$16% 1$% /016% 4,/% ,80&/% -$/% 6$&'$/% 4&)7,6)B/>% ',)/

4&0/4$(6)B/>%)8/%/016%-$%8?0&-&$%-?31%4&0C$6>%-$%8?)163)6)01;

G03&%B)1)&>%01%-0)6%,C036$&%23$823$/%&$',&23$/%\%4&040/%-$%8,%6$1/)01%$16&$%8$/

$[4&$//)01/>%23)% /?,44$88$16% 8?31$% 8?,36&$>%-$%a#-"'/-'-9(#/()$1($#&=# (N$(%-("2(#b%$6% -$

a#2&33(2'-9(#,&6#&=#':&/.:'#b%É%a%8?*%'%(088$(6)B%-$%8,%4$1/+$%b;%O036$/%-$3[%-+B)1)//$16

-$/% )1/6,1($/% -H1,')23$/%M% -"'/-'-9(>% 8?,(6)7)6+% -3% /3C$6% $6% 2&33(2'-9(>% 8?,(6)7)6+% -?31$

(0''31,36+;%Q,4)&%1$%/+4,&$%4,/%($/%-$3[%-)'$1/)01/%M%+69)23$%$6%408)6)23$;%J8%+(&)6%kC$

6&,-3)/m% 23$% 2(# 4/(# "&/)# *$$(3&")# 7&%$:&3&.-(# 3-"./-)'-4/(# "A()'# "-# $3/)# "-# 7&-")

4/A/"# *%'# 2&33(2'-=# ,(# 3*# $(")5(;% S,% 4$1/+$% $6% 8,% B0&'$% -$% 8,% 4$1/+$% /016% -011+$/

$1/$'@8$]"X>% 8,% 4$1/+$% $/6% 31$% 4$1/+$% -,1/% 8$% 8,15,5$>% 8?)17$16)01% (016)13$% $6

(088$(6)7$%-?31$%5&,'',)&$>%,(#2(#4/(#"&/)#*$$(3&")#7&%$:&3&.-(#3-"./-)'-4/(;%Q,4)&

/)63$% 8?*%'% -3% (w6+% -3% (0''31>% -$% 8?)17$16)01% -3% (0''31>% $6% 8,% )2-("2(% -3% (w6+% -$

8?$[4+&)$1($%-3%/3C$6>%-$%8?)163)6)01;%K$/%-$3[%6$&'$/>%*%'%$6%)2-("2(%1$%/?0440/$16%4,/>

)8/%(,&,(6+&)/$16%-$/%-)'$1/)01/%-)BB+&$16$/>%',)/%101%4$1/,@8$/%/+4,&+'$16>%(0''$%8$

/016% 8$% /3C$6% $6% 8,% /0()+6+;% DC03601/% 403&% B)1)&% \% 4&040/% -$% 8,% 49&,/$% 23)% (8w6% 8$

4,&,5&,49$>%a#F'#3*)'#*"*3Q)-)+#':("+#3*"./*.(#2*"#"&#7&%(#=3&^#=%&7#%*2(#*)#)/2:#':*"

2*"# ':(# )&""('# =&%70#b# l# a%$1% -$&1):&$% ,1,8H/$>% -01(>% 8,% 8,153$% 1$% 4$36% 4,/% 483/

-+(038$&%-$%8,%&,($%23$%1$%8$%4$36%8,%B0&'$%-3%/011$6%b;%Q,4)&%)1-)23$%8?+6$1-3$%-?31

23$/6)011$'$16%/3&%8$%=&%7(;%S$/%8,153$/%1$%/$%-)/6)153$16%4,/%$1%6$&'$/%-$%a%&,($/%b>%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%93',1)/6$>%1))*-)#)/%#3()#,&""5()#-775,-*'()#,(#3*#2&")2-("2(%k]VV^m>%<A59&3/'-&"#2%5*'%-2(%k]^Z_m><A5"(%.-(#)$-%-'/(33(%k]^]^m>%<*#$(")5(#('#3(#7&/9*"'%k]^"Xm;]""%G,&%$[$'48$%(9$I%i)1($16%.$/(0'@$/>%-,1/%<A-"2&")2-("'#7*3.%5#3/->%=)13)6>%G,&)/>%]^__%k&$4&)/(9$I%*,88)',&-m%M%a%Q?)8%H%,%31%)1(01/()$16>%)8%1$%4$36%/?,5)&%23$%-$%8,%7+&)6+%-3%/3C$6%b%k%4;%!!m%a%S,%69:/$-$%8?)1(01/()$16%1?,%-$%/$1/%23$%4,&%&,440&6%,3%/3C$6%-$%8?+101(),6)01%M%)8%1$%/,)6%4,/%($%23?)8%-)6;%S,%69:/$-$%8?)1(01/()$16%23,8)B)$%8$%/3C$6%-$%8?+101(),6)01;%K$66$%69:/$%$/6%$88$P'e'$%+101(+$;%K$83)%23)%4,&8$%-$($83)%23)%4,&8$%4,&8$%-$%83)P'e'$%M%/)63,6)01%B,')8):&$%$1%49)80/049)$>%',)/%-+(01($&6,16$%,)88$3&/>%\%($23?)8%/$'@8$;%z3?,&&)7$P6P)8%$1/3)6$%/?)8%4,&8$%-$%83)P'e'$%403&%-)&$%23?$1%,3(31%(,/%8$%/3C$6%23)%4,&8$%1$4$36%-)&$%8,%7+&)6+%/3&%83)P'e'$%b%k4;%!"m;

YX

)8%1?H%,%4,/%-$%-)BB+&$1($%-$%1,63&$%$16&$%$88$/>%$88$/%/016%6036$/%8?+8,@0&,6)01%-$/%/3C$6/

$1/$'@8$>%-$%'e'$%8,%B0&'$%-3%/011$6%1?,%&)$1%\%70)&%$//$16)$88$'$16%,7$(%8,%a%&,($%b

-016% $88$% +',1$&,)6>% $88$% $/6% 8$% &+/386,6% -?31% ,&6% (088$(6)B% -$% 8,% 4$1/+$>% -?31$% 80153$

+8,@0&,6)01>%&+B8$[)01%40+6)23$%$6%$/69+6)23$>%&+B8$[)01%4,&%$[$'48$%/3&%8$%10'@&$>%8$/

/H'+6&)$/%;;;%K$%23?)1-)23$%Q,4)&%(?$/6%31%7,/6$%4&0@8:'$%-$% 8,% B0&'$>%23)%1?$/6%483/

/)'48$'$16% 8)153)/6)23$>% ',)/% )16+&$//$% 6036$/% 8$/% ,(6)7)6+/% 93',)1$/;% Q,4)&% )1-)23$

31$%4&+0((34,6)01%403&%8$%B0&'$8%(0''$%4&04&$'$16%93',)1$;%=,)/%8,%a%B0&'$%b%-,1/

($%(,/P8\%1?$/6%483/%8?0@C$(6)7,6)01%-$/%B0&'$/>%1?$/6%483/%($66$%'0&490805)$P8\>%',)/%8,

&$(011,)//,1($% -?31% 6&,7,)8% -$% 8,% 4$1/+$>% 8,% B0&'$% $/6% ,80&/% =&%7(`)(")>% (0''$

8?+(&)7,)6%Q,3//3&$>% =&%7`=((3-".%É%a%/$16)'$16%-$% 8,% B0&'$%b>%403&% &$-)&$% 8$% 6$&'$%-$

Q,4)&;

.,1/% 31% 4,//,5$% -$% 8?,&6)(8$% a#R:(# m%*77*%-*"# *",# :-)# <*"./*.(#b% É% S$

5&,'',)&)$1% $6% /,% 8,153$% É% 23)% -,6$% -$% ]^!X>% 103/% 70H01/% 8,% 403&/3)6$% -$% ($66$

&+B8$[)01%8),16%8?)163)6)01%$6%8,%B0&'$>%$6%Q,4)&%B,)&$%8$%&,44&0(9$'$16%-$%8,%8,153$>%-$

8?,&6%$6%-$/%',69+',6)23$/%(0''$%6&,7,)8%-?31$%'e'$%4$1/+$%B0&'$88$>%-?31%)("'-7("'

,(#3*#=&%7(;%f1%703-&,)6%)()%$1%'$1$&%8?,1,8H/$;%F1(0&$%31$%B0)/>%($()%1$%103/%+80)51$

4,/%-$%A$17$1)/6$>%(,&%(?$/6%-,1/%8,%403&/3)6$%-$%($/%&$(9$&(9$/>%-$%($/%(9$&(9$3&/>%23$

83)%/?)1/(&)&,;%F6%)8%'$%/$'@8$%1+($//,)&$%-$%-)/6)153$&%($6%,6$8)$&>%($%6&,7,)8%-?31%8015

6$&'$>%403&%,44&0(9$&%-,7,16,5$%A$17$1)/6$>%8$/%(01($46/%23?)8%'$6%$1%v37&$>%23)%1$

/3&5)//$16%4,/%-$%&)$1>%',)/%,&&)7$16>%-,1/%/01%-)/(03&/>%$1%-),8053$;

J8% H% ,% -,1/% ($% 6$[6$% 23$823$% (90/$% 23)% &,44$88$% Q,3//3&$%h% Q,4)&% +(&)&,% 23$

8?)163)6)01%-016%)8%4,&8$%1?$/6%$(/'`o'%(#%-("#,(#$3/)#"-#,(#7&-")#4/(#3(#i#)("'-7("'#n#,(

%(3*'-&");%K9$I%Q,3//3&$%8$%)("'-7("'#,(#3*#3*"./(%$/6%)1-)//0(),@8$%-?31$%-H1,')/'$

-?*))&2-*'-&");%K$%(01($46%&,44$8,16%,3//)%($83)%-$%R&$3-;%S$/%(01($46/%-?*))&2-*'-&">

-$%&,440&6/%*))&2-*'-=)>%(9$I%Q,3//3&$%40&6$16%8?)-+$%-?31$%4$1/+$%-,1/%8$%8,15,5$>%-$

')/$/% $1% &$8,6)01% )17$16)7$/% -$% =&%7()`)(")]"Y>% -$% 5&,'',)&$% -3% /$1/;%S?)-+$% 23$% 8$

4&0(:/%-$%4$1/$&>%-$%7)7&$>%1$%/$&,)6%4,/%-)/6)1(6%-$%8,%4&0-3(6)01%-$%($66$%5&,'',)&$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]"X%Q,3//3&$%4,&8,)6%-$%8,%B0&'$%23$%-011$%\%/,%4$1/+$%8$%40:6$;%i0)&%483/%9,36%4;]Z>%]`Y;]"Y%Q,3//3&$%0440/$%8,%=-./%(#9&2*3(%\%8,%=&%7(`)(")>%31$%49H/)23$%-3%/01%\%31%/$16)'$16%-$%8,%8,153$k(0''$%,3//)%)8%B,)6%8,%(&)6)23$%-$%8,%/+4,&,6)01%-$%8?,1,8H/$%-3%8,15,5$%$1%-?31$%4,&6%8?,1,8H/$%-$/6&,1/B0&',6)01/%4901+6)23$/>%$6%-?,36&$%4,&6%8?,1,8H/$%-$/%6&,1/B0&',6)01/%-$%B0&'$%03%,1,805)23$/m;Q,3//3&$%+(&)6%4,&%$[$'48$%M%a%l03/%-)/01/%23?)8%1?H%,%40)16%-$%'0&490805)$%90&/%-3%/$1/>%',85&+%23$%8,B0&'$%',6+&)$88$%/0)6%8?+8+'$16%8$%483/%B,()8$%\%/3)7&$;%J8%1?H%,%-01(%$1(0&$%@)$1%'0)1/%\%10/%H$3[%31$)57*"'-4/(%90&/%-$%8,%B0&'$%á%b%kI'(7;%""]X;]Z%ka%D1()$1/%J6$'/%bm>%)1%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>*,88)',&->%G,&)/>%!ZZ!>%4;%]ZV;

YY

)163)6)7$>% /3@C$(6)7$>% (088$(6)7$;% z3$% 8?,(6)7)6+% 93',)1$% /$&,)6% B01-,'$16,8$'$16

5&,'',)&)$11$;

%D7$(%Q,4)&>%01%$/6%,7$(%$6%,4&:/%R&$3->%01%$/6%,3//)%-,1/%31$%8$(63&$%(&)6)23$%-$/

69+0&)$/% -$% K,&8% *3/6,7% #315;% Q,4)&% 6&,7,)88$&,% 106,''$16% \% 4$1/$&% 31$% (&)6)23$% -$

a%8?)1(01/()$16% (088$(6)B%b% B0&'38+% 4,&% #315>% -,1/% 31% 6$[6$% 6&:/% )'40&6,16% -$% ]^!_>

a#R:(#G"2&")2-&/)#$*''(%"-".#&=#O(:*9-&%#-"#)&2-('Q#b]"`;%=,)/%01%$/6%,3//)>%(0''$%C$

8?,)%-)6>%-,1/%8$%/$16)'$16%-?31%)1(01/()$16%-H1,')23$>%7)6,8>%(016)13%\%8?)1(01/()$16%-$

8,% a%4/H(90805)$%b% -$% 8,% B)1% -3% WJW$% /):(8$;% S?)1(01/()$16% -$% Q,4)&% 1?$/6% 4,/% 31

)1(01/()$16% 4/H(9,1,8H6)23$>% (?$/6% 31% )1(01/()$16% 8)153)/6)23$>% (?$/6P\P-)&$

,169&040805)23$

i0)()%($% 8015%4,//,5$;%l03/%,8801/% /3(($//)7$'$16%0@/$&7$&% (9,(31$%-$/%-$3[

4,&6)$/%M

#R:(# \-",# &=# 7("'*3# $%&2())()# ':*'# I# *7# "&^# %(=(%%-".# '&# *%(+# &=# 2&/%)(+# &=# ':*'2&7$(33-".#*",#3-''3(#/",(%)'&&,#)&%'#=&%#^:-2:#':(#"*7(#&=#p-"'/-'-&"q#:*)#O(("#)/..()'(,0[(%(#-)#*#=-(3,#^:-2:#$)Q2:&3&.Q#:*)#O*%(3Q#'&/2:(,#O/'#^:-2:#-'#2*""&'#-."&%(#-",(=-"-'(3Q0I'# -)#$%(2-)(3Q#O(2*/)(#$)Q2:&3&.-)')#:*9(#"&'#.%(*'3Q#9("'/%(,#-"'&#':()(#,-==-2/3'#%(*2:()':*'#':(Q#:*9(#)&#3-''3(#&=#-"'(%()'#'&#&==(%#-"#(N$3*"*'-&"#&=#*33#':&)(#'Q$()#&=#7("'*3#*2'-9-'Q^:-2:# 3(*,# '&# ':(# $%&O3(7#&=# =&%7+# )/2:#*)# 3*"./*.(+#7/)-2+# *",#7*':(7*'-2)0#](#:*9((9(%Q#%(*)&"#'&#)/%7-)(#':*'#3*"./*.()#*%(#':(#2/3'/%*3#,($&)-')+#*)#-'#^(%(+#&=#*#9*)'#*",)(3=`2&7$3('-".#"('^&%\#&=#$)Q2:-2#$%&2())()#^:-2:#)'-33#%(7*-"#'&#O(#23(*%3Q#,(=-"(,#=&%#/)0K%&O*O3Q#7&)'#3-"./-)')#*%(#2&"9-"2(,#':*'#':(#3*"./*.(`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p-"'/-'-&"q#O(-".#$(%:*$)"&':-".#7&%(#"&%#3())#':*"#':(#p=((3-".q#=&%#%(3*'-&")0R:(%(#-)#"&#,&/O'#':*'#':(#2%-'-2*3#)'/,Q#&=#3*"./*.(#7*Q#*3)&#O(#&=#':(#7&)'#2/%-&/)#*",

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m(%7*"# &%#1".3-):# .%*77*%+# ':(# '%-9-*3-'Q# &=# 3-"./-)'-2*"*3Q)-)#O(2&7()#3())#2(%'*-"0#R&#*#=*%#.%(*'(%#(N'("'#':*"#':(#$:-3&)&$:(%#:*)#%(*3-?(,+#:(-)# 3-\(3Q# '&# O(2&7(# ':(# ,/$(# &=# :-)# )$((2:`=&%7)+# ^:-2:# -)# (4/-9*3("'# '&# )*Q-".# ':*'# ':(7&/3,#&=#:-)# ':&/.:'+#^:-2:#-)# 'Q$-2*33Q#*# 3-"./-)'-2#7&/3,+# -)#*$'# '&#O(#$%&@(2'(,#-"'&#:-)2&"2($'-&"# &=# ':(#^&%3,0# R:/)# -""&2("'# 3-"./-)'-2# 2*'(.&%-()#7*Q# '*\(# &"# ':(# =&%7-,*O3(*$$(*%*"2(# &=# 2&)7-2# *O)&3/'()0# I=# &"3Q+# ':(%(=&%(+# '&# )*9(# :-7)(3=# =%&7# $:-3&)&$:-29(%O*3-)7+# -'# ^&/3,# O(# ^(33# =&%# ':(# $:-3&)&$:(%# '&# 3&&\# 2%-'-2*33Q# '&# ':(# 3-"./-)'-2

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]"`%K$%6$[6$%,%+6+%-011+%4,&%Q,4)&%\%8?0((,/)01%-?31%/H'40/)3'%4&+()/+'$16%/3&%8?)1(01/()$16;%a%O9$U1(01/()03/%G,66$&1)15%0B%A$9,7)0&%)1%Q0()$6H%b>%)1%R:(#G"2&")2-&/)#6#F#>Q7$&)-/7>%F;Q;%.3''$&>$-;m>%}104B>%l$EPÑ0&d>%]^!_>%4;%]]XP]X!;%D&6)(8$%&$4&)/%-,1/%8$%7083'$%>(3(2'(,#]%-'-".)#&=#1,^*%,>*$-%>%$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>]^`">%4;%YXXPYY^;

Y`

=&/",*'-&")# *",# 3-7-'*'-&")# &=# :-)# ':&/.:'0# [(# ^&/3,# ':("# O(# )$*%(,# ':(# :/7-3-*'-".,-)2&9(%Q# ':*'# 7*"Q# "(^# -,(*)+# 7*"Q# *$$*%("'3Q# O%-33-*"'# $:-3&)&$:-2# 2&"2($'-&")+# *%(3-''3(#7&%(#':*"#%(*%%*".(7("')#&=#=*7-3-*%#^&%,)#-"#=&%7*33Q#)*'-)=Q-".#$*''(%");%]"_

A$,3(034%-$% &$',&23$/%/$&016%\% B,)&$%\%4&040/%-$% 8,% 6&,-3(6)01>%23)%$BB,($% 8,

-+(037$&6$%-$%Q,4)&>%B,)6%31$%8$(63&$%-?+4023$>%-)/,16%4,&%$[$'48$%a%/6&3(63&$%B0&'$88$

-$% ~8,Ä% 8,153$% b% 8\% 0g% Q,4)&% -)6% @)$1% ,36&$'$16% a#=&%7*3# )('#&=# ':(# 3*"./*.(# b>% 8,

',1):&$%4,&6)(38):&$%\%31$%8,153$%-?0&5,1)/$&%/$/%B0&'$/;%=,)/%(0''$1T01/%4,&%($66$

)-+$>%\%4&$'):&$%73$%+6&,15$>%23?+101($%Q,4)&%M%(?$/6%4,&($%23$%8$/%4/H(908053$/%1$%/$

/016% 4,/% &)/23+/% \% &+B8+(9)&% ,3% 4&0(:/% 23?$/6% 8?)163)6)01% 23?)8/% 016% )-# $(/# ,A-"'5%o'# g

&==%-%# ,*")# 3A(N$3-2*'-&"# ,(# '&/)# 2()# 'Q$()# ,A*2'-9-'5# 7("'*3(# 4/-# 2&",/-)("'# */

$%&O3;7(#,(#3*#=&%7(+#'(3#3(#3*".*.(+#3*#7/)-4/(#('#3()#7*':57*'-4/();%S,%6&,-3(6)01

-)&,% kC?)1-)23$% 4,&% 8$/% )6,8)23$/% ($% 23)% '$% 4,&,{6% (&)6)23,@8$% m% a%($/% 6H4$/% -?,(6)7)6+

'$16,8$%4/-#)&/3;9("'#,()#$%&O3;7()#,(#=&%7(>%4/A-3#)A*.-))(%-$%8,15,5$>%-$%'3/)23$>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]"_%F-E,&-%Q,4)&>%a%O9$%5&,'',&),1%,1-%9)/%8,153,5$%b>%)1%F7(%-2*"#S(%2/%Q+#I>%]^!X;%L$4&)/%-,1/%8$7083'$%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%#-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%]Y`P]Y_;#$%-011$%)()%8,%6&,-3(6)01%B&,1T,)/$%-$%#$,1PF8)$%A086,1/d)%$6%l)(08$%Q038+PQ3/@)$88$/>%23)%/$%6&037$%-,1/8$%7083'$%<-"./-)'-4/(%kG,&)/>%+-;%-$%=)13)6>%]^`Vh%&++-;%G,&)/>%*,88)',&->%(088$(6)01%R08)0>%]^^]>4;%]!YP]!`%m%M%a%A)$1%$16$1-3>%C$%B,)/%)()%,883/)01%\%($%6H4$/%-$%4&0($//3/%'$16,3[%43)//,16/%',)/%',8(0'4&)/%23$%8?01%,%4&040/+%-?,44$8$&%a%)163)6)01%b;%i0)()%31%-0',)1$%23$%8,%4/H(90805)$%1?,%B,)&$23?$BB8$3&$&>%',)/%$88$%1$%403&&,%8$%1+58)5$&%)1-+B)1)'$16;%K?$/6%4&+()/+'$16%B,36$%-$%/?e6&$%&)/23+/%-,1/($/%&+5)01/%-)BB)()8$/%23$%8$/%4/H(908053$/%103/%,440&6$16%/)%4$3%-?+8+'$16/%)16+&$//,16/%-,1/8?$[48)(,6)01%-$%603/%($/%6H4$/%-?,(6)7)6+%'$16,8$%23)%/038:7$16%-$/%4&0@8:'$/%-$%B0&'$>%23?)8%/?,5)//$%-$8,15,5$>%-$%'3/)23$>%03%-$%',69+',6)23$/;%O036%103/%,360&)/$%\%/034T011$&%8$/%8,153$/%-?e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e'$%8,%',C0&)6+%-$/69+0&)()$1/%-$%8?,&6%h%$6%)8%1?$/6%4,/%-+&,)/011,@8$%-$%/3440/$&%23?,3%B3&%$6%\%'$/3&$%-$/%4&05&:/%-$8?,1,8H/$%4/H(90805)23$>%8?31$%-$/%(016&)@36)01/%8$/%483/%4&+()$3/$/%-$%8,%8)153)/6)23$%/$&,%-$%C$6$&%31$83'):&$%1037$88$%/3&%8,%4/H(90805)$%-$%8?)163)6)01%23)%1?$/6%4$36Pe6&$%4,/%,36&$%(90/$%23$%8$%/$16)'$16-$/%&$8,6)01/;

.?,36&$%4,&6>%8?+63-$%(&)6)23$%-3%8,15,5$%4$36%($&6,)1$'$16%,440&6$&%,3%49)80/049$%31$%,)-$%-$/483/%)1/08)6$/%$6%-$/%483/%)1,66$1-3$/;%A)$1%4$3%-$%49)80/049$/%016%-,)51+%$[,')1$&%8$/%'0&490805)$/%-$/8,153$/%4&)')6)7$/%$6%)8/%/$%/016%(016$16+/%-$%-011$&%31%&,4)-$%(034%-?v)8%/34$&B)()$8%/3&%8$/4,&6)(38,&)6+/%/6&3(63&,8$/%-$%8$3&%4&04&$%8,153$;%z3,1-%01%$/6%(9,&5+%-$%-+(037&)&%8?+1)5'$%-$%8?31)7$&/>-$%6$88$/%&$(9$&(9$/%4,&,)//$16%@)$1%B36)8$/%á%=,)/%($4$1-,16%80&/23?)8%/$%&+7:8$%23$%($&6,)1$/%/0836)01/%,3'0)1/%\%($66$%5&,1-$%+1)5'$%/$%&+-3)/$16%\%-$/%,448)(,6)01/%/)1538):&$'$16%(0'48$[$/%-$/%&:58$/%-$5&,'',)&$%8,6)1$%03%,88$',1-$%03%,158,)/$>%,80&/%8,%B36)8)6+%-$%8?,1,8H/$%8)153)/6)23$%$/6%'0)1/%+7)-$16$;S$%49)80/049$%1$%70)6%4$36Pe6&$%4,/%@)$1%23?)8%$/6%6&:/%4&0@,@8$'$16%6&0'4+%4,&%/$/%B0&'$/%-?$[4&$//)017$&@,8$%M%,36&$'$16%-)6>%8$%'038$%-$%/,%4$1/+$>%23)%$/6%31%'038$%6H4)23$'$16%8)153)/6)23$>%/$%4&0C$66$/,1/%,3(31%-036$%/3&%/,%4&0C$(6)01%-3%'01-$;%D)1/)%-?)110($16$/%(,6+50&)$/%8)153)/6)23$/%4$37$16%&$7e6)&8?,/4$(6%&$-036,@8$%-?,@/083/%(0/')23$/;%G,&%(01/+23$16>%1$%/$&,)6P($%23$%403&%/$%4&06+5$&%-?31%($&6,)17$&@,8)/'$%49)80/049)23$>%8$%49)80/049$%B$&,)6%@)$1%-?$[,')1$&%,7$(%$/4&)6%(&)6)23$%8$/%B01-$'$16/%$68)')6$/%8)153)/6)23$/%-$%/,%4$1/+$;%J8%/?+4,&51$&,)6%,80&/%8,%-+(037$&6$%93')8),16$%23$%@01%10'@&$-?)-+$/%1037$88$/%03%-$%(01($46)01/%49)80/049)23$/%,44,&$''$16%@&)88,16$/>%1$%/016%53:&$%23$%-$/%'06/@)$1%(0113/%&+0&5,1)/+/%$1%/6&3(63&$/%/,6)/B,)/,16$/%/3&%8$%48,1%-$%8,%B0&'$;%b

Y_

03% -$%',69+',6)23$/%b;% J8% $/6% (8,)&% 23$% 2&",/-%(# */# $%&O3;7(# ,(# 3*# =&%7(%% ka%':&)(

'Q$()#&=#7("'*3#*2'-9-'Q#^:-2:# 3(*,# '&# ':(#$%&O3(7#&=# =&%7#b_%1?,%,3(31%&,440&6%,7$(

a%/038$7$&% -$/% 4&0@8:'$/% -$% B0&'$%b% h% -?,@0&-% 01% /$% -$',1-$% -$% 23$8% )',5)1,)&$

&$8:7$% ($% a%/038:7$'$16%b% É% 8,% 6&,-3(6)01% $/6% 80)1% -$% Q,4)&% É>% $6% -,1/% 603/% 8$/% (,/

'+690-0805)23$'$16% 6036% /+4,&$% ($/% -$3[% B0&'38,6)01/%h% (9$I%Q,4)&% (?$/6% 8?,44&0(9$

23$/6)011,16$%-?31%4&0@8:'$>%8?)16$&&05,6)01%-$%(9,23$%6$&'$>%,80&/%23$%8,%6&,-3(6)01

B,)6%4$1/$&%23$%Q,4)&%,%-$7,16%83)%-$/%&+,8)6+/>%8$%8,15,5$>%8,%'3/)23$�%23?)8%1?H%,3&,)6

483/% 23?\% $1% ,@/6&,)&$% 3()# =&%7();% G&+()/+'$16% Q,4)&% )()% -)6% 8$% (016&,)&$>% /,% 7)/+$% $/6

(&)6)23$%-?31%B0&',8)/'$>%$6%($()%4,&($%23$%8,%=&%7(%-016%)8%4,&8$%1?$/6%4,/%B0&',8)/6$>

a%/6&3(63&,8)/6$%b% É% $6% ',89$3&$3/$'$16% 8,% 6&,-3(6)01% $1B$&'$% Q,4)&% -,1/% ($

B0&',8)/'$P8\;% .)&$% a%-$/% 4&0@8:'$/% -$% B0&'$%b>% (?$/6% 4$1/$&% -?31$% 4,&6% a%-$/

4&0@8:'$/%b% $6% 101% (0''$% -)6% Q,4)&% 3(# $%&O3;7(>% (?$/6% 4$1/$&% -$/% $'@e6$'$16/

-,7,16,5$%23?31$%4&0@8+',6)23$>%31$%,44&0(9$%)1B)1)$;%J8%H%,%(9$I%Q,4)&%31$%4$1/+$%-3

$%&O3;7(% 4&0(9$% -$% ($88$% 23$% 103/% 7$&&01/% ,7$(% A$17$1)/6$%h% /)% 8$/% (90/$/% B016

4&0@8:'$% (?$/6% 23?)8% H% ,% 8\% 23$823$% (90/$% 23)% &$/6$% \% -+(037&)&>% 31% 90&)I01>% 31$

23$/6)01;%S,%6&,-3(6)01%-)/,16%a%-$/%4&0@8:'$/%-$%B0&'$%b>%(0''$%C$%8?,)%-)6>%8$%8$(6$3&

1$%4$36%23$%4$1/$&%\%31$%B0&'$%B0&',8)/6$>%31$%'0&490805)$>%$6%($()%$BB,($% 8?)-+$%-$

Q,4)&>% 23)% $/6% -:/% )()% 40/+$% -?31$% B0&'$% &$//$16)$>% /3@C$(6)7+$>% /3@C$(6)7,16$>% -?31

/$16)'$16%$6%-?31$% )163)6)01%-$% 8,%B0&'$]"V;%F1%$BB$6>% /037$101/P103/%23$%Q,4)&%4,&8$

-?)163)6)01>%(?$/6P\P-)&$%-3%/3C$6%$6%-$%8?9)/60)&$>%-?31%-$7$1)&P/3C$6;

Q,4)&% (&)6)23$% 7)7$'$16% 8,% a%4/H(90805)$%b]"^% 403&% /01%',123$% -$% 4$1/+$% -$

8?9)/60)&$>%-3% 8,15,5$%$6%-3%/3C$6]XZ;%K?$/6%4,&($%23$% 8$/%4/H(908053$/%1$%4$1/$16%4,/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]"V%Q,4)&%+(&)6%a%69$%4&0@8$'%0B%B0&'%b>%3*%B0&'$>%31%/)1538)$&%23)%1$%4$36%4,/%e6&$%31%483&)$8>%(?$/6%3123,8)6,6)B;%S,%6&,-3(6)01%-)/,16%a%-$/%4&0@8:'$/%-$%B0&'$%b%4$1/$%3()%B0&'$/%$6%101%3*%B0&'$>%31$'0&490805)$;%F88$%40/$%-+C\%8,%/6&3(63&$>%-$/%B0&'$/%B)[+$/>%B)1)$/>%10'@&,@8$/;K$%/)1538)$&%23)%&$1-%)'40//)@8$%8$%483&)$8>%103/%8$%70H01/%+5,8$'$16%-,1/%8,%7,8$3&%-3%/)1538)$&%(9$IQ,3//3&$>%A$17$1)/6$%$6%=$/(9011)(;%S$%/H/6:'$>%8$%/3C$6>%8$%&H69'$%�%G,&%$[$'48$%Å-$/%/H/6:'$/Å%03Å8$/%/H/6:'$/Å%$/6%)'40//)@8$>%4,&($%23$%Å/H/6:'$Å%$/6%-+)(6)23$>%/4+()B),16>%)Q)';7(>%2(%/H/6:'$;%.$'e'$>%%Q':7(>%2(%&H69'$;%.,1/%8$%4&+/$16%-$%8n+(036$%-n31%/3C$6;%F6%-3%/4+()B)23$%1,{6%8$%5+1+&,8%\(9,23$%)1/6,16;%S$%/H/6:'$>%8$%/3C$6>%8$%&H69'$�%23)%1$%/016%4,/%-$/%,@/083/%',)/%-$/%$%&O3;7()>%-$/23$/6)01/>%8$%/4+()B)23$%M%8$%&$5,&-%8$/%&+)17$16$;]"^%L,44$801/%23?\%8?+4023$%8,%a%4/H(90805)$%b%-+B)1)6%31$%/()$1($%-3%/3C$6;]XZ%#?$16$1-/%)()%a%/3C$6%b>%,3%/$1/%-$%a%/3C$6%-$%8,15,5$%b>%101%,3%/$1/%-?a%)1-)7)-3%b;%J8%/$'@8$&,%+6&,15$-$%-)&$%23?31$%4/H(90805)$%4$36%',123$&%-$%69+0&)$%-3%/3C$6>%,80&/%'e'$%23$%8$%/3C$6%$/6%/0123$/6)011$'$16;%#$%-)/%)()%23$%8,%a%4/H(90805)$%b%4$36%,70)&%31$%69+0&)$%-$%8?-",-9-,/#03%-$%8?(.&#23)1?$/6%4,/%31$%69+0&)$%-3%)/@(';%l03/%7$&&01/%($8,%$1%-+6,)8%$1%0@/$&7,16%483/%80)1%(0''$%A$17$1)/6$4$&'$6%($%-+4,//$'$16%-$%8,%106)01%-?)1-)7)-3%,3%4&0B)6%-$%8?)-+$%-$%)/@('>%31%/3C$6%-$%8,15,5$>%23))''+-),6$'$16%)'48)23$%8,%/0()+6+>%8$%'01-$>%,80&/%23?31$%4$1/+$%&+-3)6$%\%8?)1-)7)-3%&$1-%7)6$)'40//)@8$%03%B,)@8$%6036$%,&6)(38,6)01%,7$(%31$%4$1/+$%-$%8,%/0()+6+;%F88$%-+B,)6%-3%'0)1/%($/%-$3[-)'$1/)01/>%+69)23$%$6%408)6)23$>%8\%0g%A$17$1)/6$%8$/%&$1-&,%)1-)//0(),@8$/;%J8%+(&)&,%,)1/)%M%a%D)1/)60'@$16%8$/%7)$)88$/%,16)10')$/%-3%s'0)t%$6%-$%8?%s,36&$t>%-$%8?)1-)7)-3%$6%-$%8,%/0()+6+;%.3,8)6+%23?)8%$/6)88+5)6)'$%$6%$&&01+%-$%&+-3)&$%\%31%/$38%6$&'$%0&)5)1$8>%23$%($%6$&'$%31)23$%/0)6%8$%s'0)t>%23)%-$7&,)6

YV

8?)163)6)01%23?)8/%016%/)%4$3%\%-)&$%-?)16+&$//,16%\%4&040/%-3%8,15,5$>%-$%8,%'3/)23$>%-$/

',69+',6)23$/;% S?)163)6)01% )()% $/6% 4&$/23$% /H101H'$% -$% 9-(;% S$/% a%4/H(908053$/%b

/$'@8$16%1+58)5$&%8?,(6)7)6+%/3@C$(6)7$>%8$%6&,7,)8%-?)17$16)01%-$%8,%B0&'$>%-$%=&%7()#,(

9-(]X];% L$',&2301/% 23$% 8?)163)6)01% ')/$% ,3% B01-$'$16% -$% 8,% 4$1/+$% ',69+',6)23$

@038$7$&/$%8?)-+,8%B)1)>%805)(0P-+-3(6)B%-$%($66$%/()$1($;%S?)163)6)01>%403&%Q,4)&>%$/6%,3

B01-$'$16%-$%6036$%4$1/+$%B0&'$88$%h%8?)17$16)01%-$%8,%B0&'$%',69+',6)23$%'$1+$%4,&

)163)6)01>% (0''$% 8?)17$16)01%-$% 8,% B0&'$%$1%'3/)23$%03%-,1/% 8,% 8,153$;%Q,4)&% &$'$6

,)1/)% -$% 8?9)/60)&$>% -3% /3C$6>% -$% 8,% /0()+6+>% -3% 7)7&$>% -,1/% 8?,44&0(9$% -$/% &+,8)/,6)01/

93',)1$/;% J8% 4$&'$6% +5,8$'$16% -$% 6$1)&% -,1/% 31$% (016)13)6+% 8$% 8,15,5$>% 8$/

',69+',6)23$/>% 8,% '3/)23$>% 4,&% ($66$% (0''31$% +8,@0&,6)01% B0&'$88$;% G$36Pe6&$

7$&&)01/P103/%)()%(9$I%Q,4)&>%-,1/%($66$%')/$%$1%(016)13)6+>%/$%4&+/$16$&% 8$/%4&)1()4$/

-?31$% a%/+')0805)$% b% 0g% 8$% 8,15,5$% 6)$1-&,% 1+($//,)&$'$16% 31$% 48,($% 4,&6)(38):&$% $6

0&5,1)/,6&)($%4,&%&,440&6%\%8,%'3/)23$%03%,3[%',69+',6)23$/;%K?$/6%-?,)88$3&/%@)$1%$1

8)153)/6$%23$%Q,4)&%4,&8$>%$6%(?$/6%\%4,&6)&%-$%8?+63-$%8)153)/6)23$%23$%($83)P()%70)6%4,&

$[$'48$%/$%&$1037$8$&%31$%69+0&)$%-$%8?,&6>%a#':(%(#-)#,&/O'3())#)&7(':-".#,(($(%#*O&/'

&/%# =((3-".# =&%# =&%7# ':*"#(9("# ':(#7*@&%-'Q#&=#*%'# ':(&%-)')#:*9(#,-9-"(,#b%É%a%)8% H% ,

/,1/%-036$%23$823$%(90/$%-$%483/%4&0B01-%\%4&040/%-$%106&$%/$16)'$16%403&% 8,%B0&'$

23$%1?,%/3%8$%-$7)1$&%'e'$%8,%',C0&)6+%-$/%69+0&)()$1/%-$%8?,&6%b;%l0601/%,3//)%23$%8,

6$1/)01%$16&$%8,15,5$>%'3/)23$>%',69+',6)23$/%$/6%,1138+$%4,&%8,%6&,-3(6)01>%23)%+(&)6%M

a%603/% ($/% 6H4$/% -?,(6)7)6+% '$16,8$% 23)% /038:7$16% -$/% 4&0@8:'$/% -$% B0&'$>% 4/A-3

)A*.-))(# ,(# 3*".*.(+# ,(# 7/)-4/(+# &/# ,(# 7*':57*'-4/()%b%h% 31$% ',1):&$% -$% 1$% 4,/

)16$&&05$&% 8$/% 6$&'$/% $6% -$% 8$/% -+/4+()B)$&% kQ,4)&% -)6% 3(% 8,15,5$>% 3*%'3/)23$%�m>% 31$

',1):&$%-?+13'+&$&%@,1,8$'$16>%-$%-)&$%a%03%b>%23,1-%(?$/6%(';%U1$% 6$1/)01;%F6%,7$(

31$%40/63&$%-?,360&)6+%$6%-$%',{6&)/$>%a%23?)8%/?,5)//$%�b%h%Q,4)&%1$%-)6%4,/%($8,]X!;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%e6&$%)1/6,88+%-,1/%/,%4&04&$%(01/()$1($%403&%/?037&)&%,80&/%\%($88$%-3%s4&0(9,)1t>%03%23?)8%/0)6%,3(016&,)&$%8,%/0()+6+>%23)%4&+$[)/6$&,)6%(0''$%606,8)6+%\%8?)1-)7)-3%$6%-?0g%($83)P()%1$%/$&,)6%-+5,5+%23?\'$/3&$%23?)8%,(23+&,)6%8,%(01/()$1($%-$%/0);%K?$/6%-,1/%31$%&+,8)6+%-),8$(6)23$%$1580@,16%8$/%-$3[%6$&'$/$6%8$/%-+B)1)//,16%4,&%&$8,6)01%'363$88$%23?01%-+(037&$%8$%B01-$'$16%8)153)/6)23$%-$%8,%/3@C$(6)7)6+;%b>F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>4;%!`Z;]X]%F(&)7,16%=&%7(#,(#9-(>%C$%'$%&+B:&$%\%8?$[4&$//)01%-?<$1&)%=$/(9011)(>%&$4&$1,16%Ç)665$1/6$)1;%.,1/($66$%B0&'38,6)01%4,&%$[$'48$%M%a%D3//);%Sn)17$16)01%-n31$%B0&'$%-$%7)$%4,&%31$%B0&'$%-$%8,15,5$%$6)1/+4,&,@8$'$16%8n)17$16)01%-n31$%B0&'$%-$%8,15,5$%4,&%31$%B0&'$%-$%7)$;%J17$16)01%$6%6&,1/B0&',6)01;%b><$1&)%=$/(9011)(>%a%K016)13$&%<3'@08-6%b>%)1%]-3:(37#9&"#[/7O&3,'#`#1,-'(%#('#3-%(#[/7O&3,'>%<(),&))-(%)#,d[010<0>%Q3448+'$16%+8$(6&01)23$%\%8,%&$73$%[-)'&-%(#1$-)'57&3&.-(#<*".*.(%43@8)+%4,&%8,Q0()+6+%-n9)/60)&$%$6%-n+4)/6+'0805)$%-$/%/()$1($/%-3%8,15,5$>%C3)1%!ZZ!%M9664Moo968;8)153)/6;C3//)$3;B&o13']o'$/(9011)(;96';]X!%J8%B,3-&,)6%&+$88$'$16%+(&)&$%31%6$[6$%É%)8%$/6%$1%4&0C$6%-+C\%k=)(9$8%D-1:/>%D1-&$E%F,/6',1>%%K980+S,48,16)1$m%23)%'016&$&,)6%(0''$%($66$%6&,-3(6)01%+6$)16%8$%6&,7,)8%-$%Q,4)&>%$6%4&)7$%8$%8,@0&,60)&$

Y^

Q,4)&%70)6%8$%8,15,5$%(0''$%31$%,(6)7)6+>%$6%101%31$%/6&3(63&$%É%(016&,)&$'$16%\

31$%/3440/+$%9H4069:/$%Q,4)&PÇ90&B%23?01%83)%,66&)@3$%$6%,323$8%01%8$%&)7$>%9H4069:/$

-?31%$1B$&'$'$16%-$/%(3863&$/%/3&%$88$/P'e'$/;%Q,4)&%$/6%80)1%$6%8)@:&$%-$%($6%,36)/'$

23?01% 7$36% 83)% B,)&$% -)&$>% $6% 23$% 8,% 6&,-3(6)01% )()% 83)% B,)6% $BB$(6)7$'$16% -)&$]X";% O036

-?,@0&-% 70H01/% (0''$% Q,4)&% &+4:6$% 6036% ,3% 8015% -3% 4&$')$&% 4,&,5&,49$% 8$% 6$&'$

$%&2())>% 23)% 1?$/6% 4,/>% (0''$% 8,% 6&,-3(6)01% 8?+(&)6>% a%4&0($//3/%b% k($()% /)51)B)$&,)6

23?01% $1% (011,{6&,)6% 8$% 6$&'$>% 8,% 1,63&$m>% ',)/% $%&2;)%k% 7("'*3# $%&2())()>% $)Q2:-2

$%&2())()>% 3*"./*.(`3(*%"-".# $%&2())% m;% U1% $%&2;)#7("'*3>% 31% $%&2;)# $)Q2:-4/(>% 1$

/?)1/(&)6% 4,/>% (016&,)&$'$16% \% 31% a%4&0($//3/% '$16,8%b% 03% a%4/H(9)23$%b% -,1/% 31$

6H40805)$>%31%+7$16,)8>%)8%1?$/6%4,/%31%0@C$6%(0113%-?,7,1($>%)8%$/6%31%,(6$;%U1%a%4&0(:/

'$16,8%b%$/6%/)1538)$&>%/4+()B)23$>%)8%)17$16$%/,%4&04&$%1,63&$;%.?,36,16%23$%8$/%4&0(:/

-$% 8,% 4$1/+$% -016% 4,&8$% Q,4)&% /016% 4&04&$'$16% ($3[% -?31% 7)7&$>% -$% 8?)17$16)01% -?31

7)7&$;%.,1/%8,%B)1%-3%4&$')$&%4,&,5&,49$>%Q,4)&%4&040/$%-$%4$1/$&%23$%8?-"'/-'-&"%-016

)8%4,&8$>%"A()'#$(/'`o'%(#%-("#,(#$3/)#"-#,(#7&-")#4/(# 3(#/$16)'$16#,(#%(3*'-&");%f&% 8,

&$8,6)01% 1?$/6% C,',)/% ,36&$% (90/$% 23$% 8?)17$16)01% -$% 8,% &$8,6)01>% 8$% /$16)'$16% -?31$

&$8,6)01%h% 8,% &$8,6)01%1?$/6% C,',)/%-011+$%-?,7,1($;%K0''$%(9$I%Q,3//3&$>%40/,16%31

a%/$16)'$16% -$% 8,% 8,153$%b% 4&0(+-,16% -$% 8?)17$16)01% -?,//0(),6)01/>% (9$I% Q,4)&

8?)163)6)01>%8$%)("'-7("'#,(#%(3*'-&")%ka%p=((3-".q#=&%#%(3*'-&")#b_>%$/6% 8?)17$16)01%-?31

)("'-7("'#,(# 3*# =&%7(;%K$66$% 69+0&)$% -$% 8?)163)6)01>% -3% /$16)'$16% -$% 8,% B0&'$% $/6% 31$

69+0&)$% -3% 8,15,5$>% $6% 31$% ,169&040805)$;% J8% $/6% +7)-$16% 23$% 8,% 4$1/+$% -$% Q,4)&>% 6036

(0''$%8,%4$1/+$%-$%Q,3//3&$>%$/6%,-7$&/$%,3[%)-+$/%/6&3(63&,8)/6$/>%$88$%B,)6%8$%(90)[%-$

8?)1(0113>% -$% 8?9)/60)&$>% -$% 8,% 8)@$&6+% -$/% /3C$6/% $6% -$/% /0()+6+/;% S,% 6&,-3(6)01% B,)6

-)/4,&,{6&$% ($66$% 7)/)01% -$% 8?,(6)7)6+% (&+,6&)($% -$/% /3C$6/>% C3/23?,3% (016&$P/$1/% 8$% 483/

5&,7$>% -)/,16% 4,&% $[$'48$% a%O036% 103/% ,360&)/$% \% /034T011$&% 8$/% 8,153$/% -?e6&$% -$/

/+-)'$16/% (3863&$8/>% 403&% ,)1/)% -)&$>% -?31% 7,/6$% &+/$,3% ,36010'$% -$% 4&0($//3/

4/H(9)23$/%23)%&$/6$16%\%-+B)1)&%(8,)&$'$16;%b>%8\%0g%Q,4)&%+(&)6%a#](#:*9(#(9(%Q#%(*)&"

'&# )/%7-)(# ':*'# 3*"./*.()# *%(# ':(# 2/3'/%*3# ,($&)-')+# *)# -'# ^(%(+# &=# *# 9*)'# *",# )(3=`

2&7$3('-".#"('^&%\#&=#$)Q2:-2#$%&2())()#^:-2:#)'-33# %(7*-"# '&#O(#23(*%3Q#,(=-"(,# =&%

/)%b% É% 23?01% 6&,-3)6,)6% 4836w6% 4,&%M% a%103/% ,701/% 6036$% &,)/01% -$% 4&+/3'$&% 23$% 8$/%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%B&,1T,)/%-$%/$/%-+(037$&6$/;%S$%6$[6$%403&&,)6%/?,44$8$&>%/3&%8$%'0-:8$%-3%6$[6$%-?<$1&)%=$/(9011)(>a%f1%,44$88$%($8,%6&,-3)&$%K$8,1%b%k-,1/%K&/%#3*#$&5'-4/(+#IIm>%!"#*$$(33(#E*#'%*,/-%(#>*$-%;]X"%f1%7$&&,%4,&%8,%/3)6$>%23?)8%,&&)7$&,%8$%'e'$%/0&6%\%A$17$1)/6$>%/,1/%403&%,36,16%23?01%8$%6&,-3)/$>C3/6$%4,&%8$%(0''$16,)&$%-$%/01%6$[6$%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b;=,89$3&$3/$'$16%403&%Q,4)&>%8,%'+(0'4&+9$1/)01%-$%/$/%)-+$/%1?$/6%4,/%8$%B,)6%/$38$'$16%-$/6&,-3(6)01/>%(,&%'e'$%8$/%,15804901$/%7016%9,@)63$88$'$16%,88+/%7$&/%8$%(8)(9+%-$%8?a%9H4069:/$%Q,4)&P

`Z

8,153$/%/016%8$/%-+4w6/%(3863&$8/>%403&%,)1/)%-)&$>%-?31%$1(9$7e6&$'$16%7,/6$%$6%6$1-,16

\% /?0&5,1)/$&% $1% /H/6:'$>% -$% 4&0(:/% 4/H(9)23$/% 23)% &$/6$16% \% e6&$% (8,)&$'$16% -+B)1)/

403&% 103/%b;% J8% ,3&,% +6+% (90)/)% -$% 6&,-3)&$% a%2/3'/%*3# ,($&)-')%b% 4,&% 31$% '+6,490&$

5+0805)23$>%a%/+-)'$16/%(3863&$8/%b>%$6%101>%/3)7,16%8$%C$3%-$%8,15,5$%-$%Q,4)&>%(&)6)23$

-?31%(,4)6,8)/'$>%a%-+4w6/%(3863&$8/%b>%\%8?)',5$%-3%-+4w6%-$%(,4)6,3[%$1%@,123$%k($()

$[48)23$%8?)1()/$%(&)6)23$%a#*)#-'#^(%(#b>%a%403&%,)1/)%-)&$%bm;%L)$1%-$%483/%'0&6%23$%-$/

/+-)'$16/>% -$/% -+/,5&+5,6)01/% -$% ',6):&$>% ,80&/% 23$% Q,4)&% 70)6% -3% -+4w6>% $1% ,(6$>

8?,(6)01%-$%-+40/$&>%($%23)%$/6%8$%/$1/%4&$')$&%-$%a%-$40/)6%b>%8?)-+$%-$%8?,35'$16,6)01

-?31% (,4)6,8;%D% 8,% 8)')6$% 8,% 6&,-3(6)01% 103/% $'':1$% 7$&/% 8?)',5)1,)&$% ,&(9+6H4,8% -$

#315>%31%)1(01/()$16%(088$(6)B>%-$/%4&0(:/%4/H(9)23$/%4&)')6)B/;%Q,4)&>%@)$1%80)1%-$%($8,>

6|(9$%-$%4$1/$&%/,1/%8$/%/+4,&$&%8?,(6)7)6+%-$%4$1/$&%k8$/%4&0(:/%4/H(9)23$/m>%8?,(6)7)6+

-$%8,15,5$%É%8?,(6)7)6+%-$%-)&$%É>%$6%8?,(6)7)6+%-?)17$16)01%-?31$%(3863&$;%G$36Pe6&$%$/6P)8

1+($//,)&$%-$%106$&%23$%a%4/H(9)23$%b>% )()>%$6%(0''$%(9$I%Q,3//3&$>%-+B)1)6% 8?,(6)7)6+

-$% 4$1/+$% -$% 8,% 4$&/011$>% 1$% -+/)51$% ,@/083'$16% 4,/% 31$% @)0805)$>% 31$% 49H/)0805)$

43&$% 23)% /$&,)6% 8?,(6)7)6+% (+&+@&,8$;% #$% 8$% 4&+()/$% (,&% 8$% (016&$P/$1/% $/6% B,)6% -,1/% 8,

8$(63&$%-$%Q,3//3&$>%$6%-,1/%8?+-)6)01%-3%B&/%)%$1%4&$')$&>%0g>%80&/23$%103/%6&03701/

-,1/% 23$823$/% $1-&0)6/% a%4/H(9)23$/%b% -,1/% 8$/% (,9)$&/% -$/% +63-),16/% -$% Q,3//3&$>

8?+-)6)01%-3%B&/%)%-011$%a%-,1/%8$%($&7$,3%b]XX;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Ç90&B%b%k6$88$'$16%$1%7053$%23?,@&+5+$%/037$16%QÇ<m>%23)%1?$/6>%01%8$%/,)6>%1)%-$%Q,4)&%1)%-$%Ç90&B>%$67016%-)&$%-$%Q,4)&%É%(0''$%-$%Q,3//3&$%É%23?)8%$/6%8?31%-$/%B01-,6$3&/%-?31$%8)153)/6)23$%/6&3(63&,8$;]XX%Q,3//3&$%-,1/%/01%(03&/%(&)6)23$%8,%4$1/+$%-$%8,%"&7("23*'/%(>%23)%/3440/$%31$%,@/$1($%-$%69+0&)$%-$8,%&$4&+/$16,6)01>%-$%69+0&)$%-3%$&-"'#,(#9/(>%-$/%0@C$6%-011+/%:&%)#,/#)/@('%kF-)6)01%F158$&>%B<mr1>%4;]XV>%(08011$/%!>%X%$6%Ym%J8%4&040/$%-$%4$1/$&%,3%(016&,)&$%($66$%31)6+%$)Q2:-4/(>%23?)8%,44$88$%8$%)-."(>)1-)//0(),@)8)6+%-$%-$3[%&+,8)6+/%4/H(9)23$/>%2&"2($'%$6%-7*.(#*2&/)'-4/(>%23)%$/6%,*")#3(#)/@(';%S$4/H(9)23$%1?,%&)$1%-?31$%@)0805)$%(9$I%Q,3//3&$>%)8%$/6%8,%4$1/+$%-$%8,%7)$%'$16,8$%-3%/3C$6>%-$%/01,(6)7)6+%-$%&$4&+/$16,6)01%$6%-?,//0(),6)01;%D%8,%4,5$%]XV%-$%8?+-)6)01%F158$&>%103/%6&03701/%kC$/038)51$m%M(08011$%]>%+-)6)01%-3%B&/%)%4,&%A,)88H%$6%Q+(9$9,H$%M]Z^X% f1%,%73%4;%!^>%\%4&040/%-3%()&(3)6%-$%8,%4,&08$>%23$%8$/%6$&'$/%)'48)23+/%-,1/%8$%/)51$8)153)/6)23$%/016%603/%-$3[%4/H(9)23$/%$6%/016%31)/%,*")#"&'%(#2(%9(*/%4,&%8$%8)$1%-$%8?,//0(),6)01;J1/)/601/%/3&%($%40)16;K08011$/%!>%"%$6%Y>%8$/%106$/%-$/%+63-),16/%-$%Q,3//3&$%M]Z^X% =,)/%$1%4&$1,16%8?,36&$%(01($46)01>%&,6)011$88$>%103/%&$6&03701/%-$3[%6$&'$/%h%',)/%($/%-$3[6$&'$/%/016%+5,8$'$16%,*")#3(#)/@('>%$6%)8/%/016%603/%8$/%-$3[%$)Q2:-4/()%M%(01($16&+/%,3%7o7(#3-(/$)Q2:-4/(%4,&%8?,//0(),6)01;]Z^X% ~(01($46%$6%)',5$%,(03/6)23$Ä%/016%603/%8$/%-$3[%,*")#3(#)/@('%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%??%%%%%%%%%%%%%%%%%4/H(9)23$/%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%??%%%%%%%%%%%%%%%%%%-,1/%3(#7o7(#3-(/#$)Q2:-4/(;]Z^X%%%%%%%%%S,%(01($46)01%&,6)011$88$%103/%&$6&03701/%-$3[%6$&'$/%(01($46%$6%)',5$%,(03/6)23$Ä%$6%)8//$&016%603/%-$3[%,*")#3(#)/@('%$6%/016%603/%-$3[%$)Q2:-4/()>%(01($16&+/%*/#7o7(#3-(/#$)Q2:-4/(%4,&8?,//0(),6)01;

U1%6&,7,)8%+10&'$%/$&,)6%\%B,)&$>%$6%C?$/4:&$%8?$16&$4&$1-&$%\%8,%/3)6$%-$%8?+(&)63&$%-$%($66$%69:/$%M%($%/$&,)6403&%,)1/)%-)&$%8?+-)6)01%(&)6)23$%-$%8?+-)6)01%(&)6)23$;%S?,1,8H/$%(0'4,&+$%-$/%(,9)$&/%-$/%+63-),16/%-$Q,3//3&$>%$6%8?+(036$%23)%$1%,3&,%+6+%4&040/+%4,&%8?+-)6)01%-3%B&/%);%K9,23$%&$5,&-%40&6+%/3&%($/

`]

F1B)1>% 403&% 6$&')1$&% \% 4&040/% -3% (016&$P/$1/% /6&3(63&,8)/6$% )'40/+% 4,&% 8,

6&,-3(6)01>%,80&/%23$%Q,4)&%40/$%31$%-H1,')23$%-$%8,%7)$>%-01101/%($%-$&1)$&%$[$'48$%M

8\%0g%Q,4)&%+(&)6%a#':(#=&%7*3#)('#&=#':(#3*"./*.(#b+%8,%6&,-3(6)01%$16$1-%a%8,%/6&3(63&$

B0&'$88$% -$% ($66$% 8,153$%b>% ($% 23)% $/6% 7&,)'$16% $BB,($&% Q,4)&;% Q?)8% ,7,)6% 703836% -)&$

a%/6&3(63&$%b>% )8% ,3&,)6% +(&)6% )'%/2'/%(>% ',)/% )8% ,% (90)/)% -$% -)&$>% $1(0&$% 31$% B0)/>% 31

4&0(:/%$6%101%31%0@C$6>%8?,(6)7)6+%-?31%7)7&$%$6%101%8,%&+-3(6)01%/()$16)/6$%-$%8,%7)$%$1

/6&3(63&$/% (80/$/>% ,P9)/60&)23$/;% S,% 4$1/+$% -$% 8,% /6&3(63&$% )1-3)6% 31$% 4$1/+$% -$% 8,

606,8)6+>%101%-$%8,%.3&O*3-'5%k($88$P()%&$8$7,16%-$%8,%4$1/+$%-3%)Q)';7(>%-?31$%4$1/+$%-$

8?9)/60)&$>% -$% 8?,86+&)6+m;% S$% /6&3(63&,8)/'$% ,% @$/0)1% -$% (&0)&$% 23?)8% 4$36% ,@/6&,)&$% 8$/

&+,8)6+/% -3%'01-$>% )8% ,% @$/0)1% -?)',5)1$&% 23$% 8?0@/$&7,6$3&% -0)6% -)/4,&,{6&$% 403&% /$

6$1)&%-,1/%31%&,440&6%-)&$(6%\%($/%&+,8)6+/;%S$%/6&3(63&,8)/'$%$/6%(016&,)&$%\%6036$%4$1/+$

-$%8,%&$4&+/$16,6)01>%,3%4&)1()4$%/,3//3&)$1%/$801%8$23$8%3(#$&-"'#,(#9/(#2%5(#3A&O@(';%J8

$/6% 4&0'06$3&% -?31% 4&)1()4$% -$% -03@8$% 7+&)6+>% 31$% 7+&)6+% -$% 8?+8)6$% +(8,)&+$% /+4,&+$

-?31$%7+&)6+%-3%4$348$%k103/%7$&&01/%($8,%4&+()/+'$16%$1%8)/,16%483/%80)1%$1%-+6,)8%31

6$[6$% -$% K8,3-$% S+7)PQ6&,3//m;% a#T&%7*3# )('#b>% (?$/6% 8,% ',1):&$% 4,&6)(38):&$% \% 31$

8,153$% -?0&5,1)/$&% /$/% B0&'$/]XY>% (?$/6% 31% /$1/% ,(6)B;% K$% 1?$/6% 4,/% 31$% (8w63&$;

L$',&2301/% $1B)1% 23$% -,1/% 8,% 49&,/$% 0g% /$% 6&037$% ($66$% $[4&$//)01>% Q,4)&% 40/$% ,3

B01-$'$16%-$% 8,%7)$>% ,3% B01-$'$16%-$% 8?,(6)7)6+%-$%4$1/$&%03%-$% /$16)&>% 8?)1(01/()$16

B0&'$8>% 8)153)/6)23$;% ka%K%&O*O3Q# 7&)'# 3-"./-)')# *%(# 2&"9-"2(,# ':*'# ':(# 3*"./*.(`

3(*%"-".# $%&2())+# $*%'-2/3*%3Q# ':(# *24/-)-'-&"# &=# *# =((3-".# =&%# ':(# =&%7*3# )('# &=# ':(

3*"./*.(+#-)#9(%Q#3*%.(3Q#/"2&")2-&/)#*",#-"9&39()#7(2:*"-)7)#':*'#*%(#4/-'(#,-)'-"2'

-"#2:*%*2'(%#=%&7#(-':(%#)(")*'-&"#&%#%(=3(2'-&";%b#_0#G$36Pe6&$%($66$%49&,/$%/$&,)6%\%8)&$

(0''$%(&)6)23$%-$/%a%6H4$/%4/H(90805)23$/%b%4&040/+/%4,&%#315>%($83)P()%,H,16%+101(+

23,6&$% a%B01(6)01/% 4/H(90805)23$/%b% 483/% 03%'0)1/% -+7$8044+$/% -,1/% 8$% (,&,(6:&$% -3

/3C$6>%8,%)(")*'-&">%8?-"'/-'-&">%8,%$(")5(>%8$%)("'-7("'>%($/%6$&'$/%+6,16%4&+/$16/%-,1/%8$

6$[6$%-$%Q,4)&%k8,%6&,-3(6)01%(03&,16$%-$/%(01($46/%-$%#315%$1%,158,)/%+6,16%)(")*'-&">

-"'/-'-&">% ':-"\-".>% =((3-".m;%Q,4)&%1$%B,)6%4,/%31$%6H40805)$>% )8%'$6%31%0&-&$%$16&$%-$/

,(6)7)6+/%23?)8%-)/6)153$;% J8%40/$%31% )1(01/()$16% ,3% B01-$'$16%-$% 8,%7)$%-$/% /3C$6/% $1

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(08011$/%8$/%31$/%\%(w6+%-$/%,36&$/%B,)6%,4$&($70)&%8$/%',8$16$1-3/%4&04,5+/%4,&%8?+-)6)01%-3%B&/%)>%$6%$1'e'$%6$'4/%8,%23,8)6+>%8,%4&+()/)01>%8,%B0&($%$6%8$/%$1C$3[%-$%8,%4$1/+$%/,3//3&)$11$;]XY%D1-&$E%F,/6',1%4&040/$%-$%4$1/$&%+5,8$'$16%k(0''31)(,6)01%4$&/011$88$m%M%a%\%106$&%23$%Å/$6Å%$/6,3//)%8$%6$&'$%6$(91)23$%$1%',69+',6)23$/%23)%(0&&$/401-%\%(")(7O3(>%$6%-01(%01%$16$1-%,3//)%8n)-+$s/$6%0B%B0&'/t>%-n0g%01%6)&$>%/,1/%-036$>%)'%/2'/%(%h%\%106$&%,3//)%23$%s/$6t%,%31%/$1/%/4+()B)23$'$164/H(90805)23$>%s'$16,8%)1(8)1,6)01>%6$1-$1(H>%0&%9,@)6t%$6>%$1%6$&'$/%@+9,7)0&)/6$/>%s/6,6$%0B4/H(90805)(,8%4&$4,&$-1$//%B0&%,(6)01%)1%&$/401/$%60%,1%,16)()4,6$-%/6)'383/th%01%-)6%s'$16,8%/$6t>%01%-)6s'$6&)(,8%/$6t%403&%8,%-)/40/)6)01%-3%8$(6$3&%23)%/n$/6%9,@)63+%\%31%($&6,)1%'037$'$16%'+6&)23$%$6/n,66$1-%\%($%23n)8%/$%403&/3)7$%b;

`!

/0()+6+>% 31% )1(01/()$16% 8)153)/6)23$>% 403&&,)6P01% 4$36Pe6&$% -)&$>% É% )8% -)&,% C3/6$% $1/3)6$

a#':(%(#-)#,&/O'3())#)&7(':-".#,(($(%#stu#b>%%)8%H%,%/,1/%-036$%23$823$%(90/$%-$%483/

4&0B01-�%É% 31$% 4&0B01-$3&% -$% ($66$% ,(6)7)6+% 4/H(9)23$>% -,1/% 8$% /$1/% 0g% $88$% $/6% ,3

B01-$'$16% -$% 6036$/% 8$/% ,(6)7)6+/% 93',)1$/>% ,3% B01-$'$16% -$% 8,% a%&+B8$[)01%b>% -$% 8,

a%/$1/,6)01%b%h%)8%$/6%)16+&$//,16%-$%&$',&23$&%23$%Q,4)&%1$%(90)/)6%4,/%($/%6$&'$/%101

483/% ,3% 9,/,&->% 31$% 6&,-)6)01% -$% 4$1/+$% 8$/% 0440/$% k8?)16$88)5)@8$>% 8$% /$1/)@8$m>% (?$/6

,3//)%-?,@0&-%8,%23$/6)01%-$%8,%(011,)//,1($%-3%'01-$>%$6%Q,4)&%40/$%-)BB+&$''$16%8$

4&0@8:'$>%43)/23$%403&%83)%8?$[4+&)$1($%93',)1$%$/6%,7,16%6036%8)153)/6)23$>%8?,(6)7)6+

)163)6)7$% -?31% /$16)'$16% -$% 8,% B0&'$>% -?31% /$16)'$16% -$% &$8,6)01/%h% 8,% &+B8$[)01>% 8,

/$1/,6)01% $1% -+4$1-$16;% f1% $/6% )()% 6&:/% 4&0(9$% -$% ($% 23$% 4$36% -)&$% Q,3//3&$>% -3

)("'-7("'#,(#3*#3*"./(%03%-$/%4,&,5&,''$/>%$6%($8,%$/6%'H/6+&)$3[>%(0''$%($8,%,&&)7$

4,&B0)/% 80&/23$% -$/% -+(037$&6$/% 6&:/% 4&0(9$/% /016% B,)6$/% -,1/% 31% 6$'4/% 4&$/23$% 8$

'e'$%',)/%-,1/%31$%'+(011,)//,1($%-$/%69+0&)$/%8?31$%-$%8?,36&$>%(,&%01%1$%4$36%4,/

-)&$%23$%Q,4)&%(011,)//,)6%Q,3//3&$>%6&037$P6P01%'e'$%31$%&+B+&$1($%\%($83)P()%-,1/%8$/

+(&)6/%-$%Q,4)&%p]X`

S$% /$(01-% 4,&,5&,49$% -3% 6$[6$% -$% Q,4)&% $/6% 6036% \% B,)6% 4&0(9$% -$% 8?,&6)(8$

a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$b%+(&)6%$1%]^YV%4,&%A$17$1)/6$;%O03/%8$/

-$3[% 40&6$16% 31$% (&)6)23$% -$% B01-% 7$&/% 8,% a%49)80/049)$%b>% (?$/6% 8,% (&)6)23$% -?31$

,@/$1($%-$%69+0&)$%-3%8,15,5$;%Q$801%$3[>%)8%/$&,)6%@01%23$%8$%49)80/049$%,)6%C3/6$%)-+$

23?)8%$/6%$1%6&,)1%-$%4,&8$&%-,1/%/,%4&04&$%8,153$>%23$%/,%7)/)01%$/6%0&-011+$%4,&%($66$

8,153$%23?)8%4,&8$>%8,@0&,60)&$%-$%/,%(3863&$;%J8%/?,5)6%-$%&$1-&$%/$1/)@8$%8$%49)80/049$%\

8?$1C$3% -?31$% 4$1/+$% 03% 101% -?31% &,440&6% '+-),6% ,3% '01-$>% -?31% &,440&6% -$

%($%5)("'*'-&";%Q,4)&%43)/%A$17$1)/6$%(&)6)23$16%8,%(&0H,1($%-$/%a%49)80/049$/%b%$1%31

&,440&6%-)&$(6%,3[%(90/$/;

Q)%C$%/039,)6$%'?,&&e6$&%-$%1037$,3%/3&%8?+(&)63&$%-$%Q,4)&%-,1/%($%(9,4)6&$%0g

C?$//,)$%-$%'$66&$%,3%C03&%31$%4$1/+$%-$%8?)1(01/()$16%23)%(03&6%C3/23?\%A$17$1)/6$%$6

23?)8%-+7$8044$&,%$1/3)6$>%(?$/6%4,&($%23$%Q,4)&%'016&$%)()%8,%40&6+$%-$%/,%-+(037$&6$

-3%)("'-7("'#,(# 3*# =&%7(>%-$% 8?)163)6)01>%-?31%)1(01/()$16;%Q,%-+(037$&6$%1$%/?,(9:7$

4,/%/3&%8?)-+$%)'40&6,16$%-+C\>%',)/%$1(0&$%6&04%-+@36,16$>%23$%8,153$%$6%(3863&$%/016

31$%'e'$%(90/$>%$6%23?$1%(01/+23$1($%)8%H%,%31$%-)7$&/)6+%-$/% 8,153$/P(3863&$/>%31$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]X`%D%4&040/%-$%8,%&+($46)01%-3%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(%$1%D158$6$&&$%$6%$1%D'+&)23$%-3%l0&->70)&%8?,&6)(8$%-$%O$&&$1($%Ç;%*0&-01>%a%S$%/,3//3&)/'$%$1%D158$6$&&$%$6%$1%D'+&)23$%-3%l0&-%b>%)1B*:-(%)#T(%,-"*",#,(#>*/))/%(+#Ca>%.&0I>%*$1:7$>%!ZZ`>%4;%V_P]Z`;%K$6%,&6)(8$%1$%B,)6%,3(31$%'$16)01-$%Q,4)&;

`"

-)7$&/)6+%-$/%7)/)01/%-3%'01-$;%K$%/$&,)6%$1(0&$%(01($70)&%-$/%&+,8)6+/%6&04%/6,6)23$/;

Q,4)&% B,)6% ,44,&,{6&$% 31$% (01/()$1($% 93',)1$% 4&0B01-+'$16% .%*77*-%-(""(>% $6% /,

-+(037$&6$%$/6%8\;

S$% -+/)16+&e6% -$/% a%49)80/049$/%b% 403&% 8?+63-$% -3% 8,15,5$% $6% -$/% 8,153$/% $/6

403&%Q,4)&%8$%4&$')$&%)1-)($%-?31$%(+()6+%-016%($3[P()%B016%4&$37$%$6%23)%8$/%(016&,)16%\

603&1$&%$1%&01-;%S$%49)80/049$%23)%4$1/$%e6&$%-,1/%31%&,440&6%,3[%(90/$/%'e'$/%1$

70)6% 4,/% 23$% 8,% (01($46)01% -$% 8?31)7$&/% 23?)8% 40/$% (0''$% 31$% &+,8)6+>% $/6% C3/6$% 8,

4&0C$(6)01% -?31% a%'038$%b% -$% 4$1/+$%h% )8% 4$1/,)6% ,66$)1-&$% 8?31)7$&/$8>% )8% 1$% B,)6% 23$

4&0C$6$&%/01%)1(01/()$16%8)153)/6)23$%/3&%8$%'01-$;%Q,4)&%+(&)6%M

]:("# &"(# :*)# ':(# %-,,3(# &=# ':(# /"-9(%)(# &"# :-)# :*",)+# )/2:# $/%)/-')# )((7# '%-9-*3("&/.:+# Q('# ^:("# -'# O(.-")# '&# O(# )/)$(2'(,# ':*'# *'# 3(*)'# )&7(# )&3/'-&")# &=# ':(# .%(*'%-,,3(#*%(#(3*O&%*'(3Q#%&/",*O&/'#*$$3-2*'-&")#&=#%/3()#&=#<*'-"#&%#m(%7*"#&%#1".3-):.%*77*%+#':(#'%-9-*3-'Q#&=#3-"./-)'-2#*"*3Q)-)#O(2&7()#3())#2(%'*-"0~#$% 6&,-3)/Ä%M% S0&/23?01% ,% 8,% 5&,1-$% +1)5'$% -$% 8?31)7$&/% $16&$% /$/% ',)1/>% -$% 6$88$/&$(9$&(9$/%/$'@8$16%@)$1%6&)7),8$/>%',)/%-+C\%80&/23?)8%(0''$1($%\%e6&$%/3/4$(6+%23?,3'0)1/% 23$823$/% /0836)01/% -$% 8,% 5&,1-% +1)5'$% /016% -$% ',1):&$% 8,@0&)$3/$% -$/,448)(,6)01/%()&(017083$/%-$%&:58$/%-$%8,%5&,'',)&$%8,6)1$%03%,88$',1-$>%03%,158,)/$>%8,6&)7),8)6+%-$%8?,1,8H/$%8)153)/6)23$%-$7)$16%'0)1/%($&6,)1$;

S,%(01($46)01%-$%8?31)7$&/%23?0BB&$16%8$/%49)80/049$/%1?$/6%1)%483/%1)%'0)1/%23$

8,%4&0C$(6)01%-$%&:58$/%-$%5&,'',)&$%-3%8,@0&,60)&$%-$%4$1/+$%)1-0P$3&04+$1;%G$36Pe6&$

403&&,P6P01% &,44&0(9$&% ($6% $1/$'@8$>% 23$% 4&040/$% -$% 4$1/$&% Q,4)&>% &$5&034,16% 8,

5&,'',)&$%8,6)1$>%,88$',1-$>%,158,)/$>%-$%8?)-+$%-$%>'*",*%,#F9(%*.(#1/%&$(*"%kQDFm

40/+$% 483/% 6,&-% $1% ]^"^% 4,&% A$1C,')1% S$$% Ç90&B% -,1/% 8?,&6)(8$% a#R:(# D(3*'-&"# &=

[*O-'/*3#R:&/.:'#*",#8(:*9-&%#'&#<*"./*.(#b]X_>%($%8,@0&,60)&$%-$%8,%4$1/+$%-016%8$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]X_%A$1C,')1%S$$%Ç90&B>%a%O9$%L$8,6)01%0B%<,@)63,8%O903596%,1-%A$9,7)0&%60%S,153,5$%b%k]^"^m>%)1<*"./*.(+#R:&/.:'#*",#D(*3-'Q>%=;J;O;%G&$//>%K,'@&)-5$>%=,//,(93/$66/>%]^Y`>%4;%]"V%M%a%R:(#^&%\O(.*"#'&#*))/7(#':(#2:*%*2'(%#&=#*#2&7$*%-)&"#O('^(("#[&$-#*",#^()'(%"#1/%&$(*"#3*"./*.()0#I'#*3)&O(2*7(#(9-,("'#':*'#(9("#':(#.%*77*%#&=#[&$-#O&%(#*#%(3*'-&"#'&#[&$-#2/3'/%(+#*",#':(#.%*77*%#&=1/%&$(*"#'&"./()#'&#&/%#&^"#p]()'(%"q#&%#v1/%&$(*"v#2/3'/%(0#F",#-'#*$$(*%(,#':*'#':(#-"'(%%(3*'-&"O%&/.:'#-"#':&)(#3*%.(#)/O)/77*'-&")#&=#(N$(%-("2(#OQ#3*"./*.(+#)/2:#*)#&/%#&^"#'(%7)#p'-7(q+p)$*2(q+#p)/O)'*"2(q+#*",#p7*''(%q0#>-"2(+#^-':#%()$(2'#'&#':(#'%*-')#2&7$*%(,+#':(%(#-)#3-''3(#,-==(%("2(O('^(("#1".3-):+#T%("2:+#m(%7*"+#&%#&':(%#1/%&$(*"#3*"./*.()#^-':#':(#K!>>I8<1#bO/'#,&/O'=/3_(N2($'-&"#&=#8*3'&`>3*9-2#*",#"&"`I",&`1/%&$(*"+#I#:*9(#3/7$(,#':()(#3*"./*.()#-"'&#&"(#.%&/$#2*33(,>F1+#&%#v>'*",*%,#F9(%*.(#1/%&$(*"0v%b;%O&,-3(6)01%B&,1T,)/$%4,&%K8,3-$%K,&'$>%a%L,440&6/%-3(0'40&6$'$16%$6%-$%8,%4$1/+$%4&,5',6)23$%,7$(%8$%8,15,5$%b>%)1%<-"./-)'-4/(#('#*"':%&$&3&.-(>%.$10à8%o*0169)$&>%G,&)/>%]^`^>%4;%_VP_^%M%a%S?$16&$4&)/$%(01/)/6,%6036%-?,@0&-%\%+6,@8)&%31$%(0'4,&,)/01%$16&$%8$<04)%$6%8$/%8,153$/%-?F3&04$%0(()-$16,8$;%J8%/?,7+&,%+5,8$'$16%23?)8%$[)/6$%31%&,440&6%$16&$%8,%5&,'',)&$$6%8,%(3863&$%<04)>%-$%'e'$%23?$16&$%8,%5&,'',)&$%-$/%8,153$/%$3&04+$11$/%$6%106&$%4&04&$%(3863&$s0(()-$16,8$t%03%s$3&04+$11$t;%F6%)8%,44,&36%23$%($66$%(0&&+8,6)01%B,)/,)6%)16$&7$1)&%8$/%5&,1-$/%106)01/5+1+&,8$/%-+6$&')1+$/%4,&%8,%4&,6)23$%-$%8,%8,153$>%6$88$/%23$%10/%(01($46/%-$%s6$'4/t>%s$/4,($t>s/3@/6,1($t%$6%s',6):&$t;%F6,16%-011+%23?)8%H%,%4$3%-$%-)BB+&$1($>%$1%($%23)%(01($&1$%8$/%(,&,(6+&)/6)23$/')/$/%$1%4,&,88:8$>%$16&$%8?,158,)/>%8$%B&,1T,)/>%8?,88$',1-%03%-?,36&$/%8,153$/%$3&04+$11$/%k$[($46+

`X

(01($46/% 1?016% &)$1% -$% (0''31% ,7$(% 8$/% (01($46/% ')/% $1% v37&$% 4,&% 31% 8,@0&,60)&$

,'+&)1-)$1% -$% 8,% 4$1/+$;%Ç90&B>% ,4&:/% Q,4)&>% &+,BB)&'$% 23?01% 1?,% C,',)/% -$% &,440&6

)''+-),6% ,3%'01-$>% 23$% -3%'01-$% 103/% 1?,701/% 23$% -$/% &$4&+/$16,6)01/;%K$8,% -0)6

(01-3)&$% 8$% 49)80/049$>% 23)% ,% 4&)/% 8?9,@)63-$% -$% %*-)&""(%# ,(# 7*"-;%(# *O)&3/(>% \

&$4$1/$&%/01%4&04&$%$[$&()($>%\%$[,')1$&%8$/%(,6+50&)$/%-$%4$1/+$%23?)8%'$6%$1%v37&$>

$6% /)'48$'$16% /,% ',1):&$% -$% 4$1/$&;% Q,4)&% )1-)23$% ,3[% 49)80/049$/% 8$% 4):5$% -3

8050($16&)/'$% $6% /$/% $1C$3[% É% a#':/)# -""&2("'# 3-"./-)'-2# 2*'(.&%-()# 7*Q# '*\(# &"# ':(

=&%7-,*O3(# *$$(*%*"2(# &=# 2&)7-2# *O)&3/'()#b% É% a% ,)1/)% -?)110($16$/% (,6+50&)$/

8)153)/6)23$/%4$37$16%4&$1-&$% 8,%&$-036,@8$%,44,&$1($%-?,@/083/%(0/')23$/%b%É% >%$6% )8

,44$88$% \% ($66$%2%-'-2*3# )'/,Q#&=# 3*"./*.(>% 31$%a%+63-$% (&)6)23$%-$% 8,% 8,153$%b>% 6$1,16

$1/$'@8$%5&,'',)&$%$6%31)7$&/>%',1):&$%-$%-)&$>%',1):&$%-$%7)7&$;%J8%1$%/?,5)6%4,/%403&

Q,4)&%-$%B,)&$%8$%(01/6,6%-?31%$1B$&'$'$16%-$%8,%4$1/+$%-,1/%-$/%',1):&$/%-$%-)&$>%,3

(016&,)&$>% (?$/6% 31$% 4$1/+$% -$% 8,% 8)@$&6+;% F6% ($66$% 8)@$&6+% (0''$1($% -,1/% 8?,1,8H/$%h

Q,4)&% '$6% ,3% -+B)6% 8$% 49)80/049$% -?e6&$% ,1,8H/6$>% 8?$69108053$>% ,169&0408053$;

D36&$'$16>% )8% /$&,% -$% ',1):&$% 1+($//,)&$% (016&,)16% -$% &$/6$&% -,1/% 8$% 9(%O*3-)7(

$:-3&)&$:-4/(% ba#$:-3&)&$:-2# 9(%O*3-)7#bm>% ,36,16% -)&$% 31$% ,@/$1($% -$% 4$1/+$;% fg

Q,4)&%-)6%(8,)&$'$16%23?)8%H%,%,36&$%(90/$%23$%8$%7$&@,8)/'$;%J8%+(&)6%$1%$BB$6%\%4&040/%-3

49)80/049$%,)1/)%-$7$13%,1,8H/6$>%a#:(#^&/3,#':("#O(#)$*%(,#':(#:/7-3-*'-".#,-)2&9(%Q

':*'# 7*"Q# "(^# -,(*)+# 7*"Q# *$$*%("'3Q# O%-33-*"'# $:-3&)&$:-2# 2&"2($'-&")+# *%(# 3-''3(

7&%(#':*"#%(*%%*".(7("')#&=#=*7-3-*%#^&%,)#-"#=&%7*33Q#)*'-)=Q-".#$*''(%")#b%É%a%,80&/

)8%/?+4,&51$&,)6%8,%-+(037$&6$%93')8),16$%23$%-$%10'@&$3/$/%)-+$/%1037$88$/>%@$,3(034

-$% (01($46)01/% 49)80/049)23$/% ,44,&$''$16% @&)88,16$/>% /016% \% 4$)1$% 483/% 23$% -$/

&+,&&,15$'$16/% -$%'06/% B,')8)$&/% -,1/% -$/%'0-:8$/% B0&'$88$'$16% /,6)/B,)/,16/%b;% S$

6&,7,)8%-?)17$16)01%-$% 8,%4$1/+$>%-?)17$16)01%-?)-+$/%1037$88$/>%@&)88,16$/>% 8?)17$16)01

-?31$% +(&)63&$>% -?31% -)&$>% $/6% )1-)//0(),@8$>% 403&% Q,4)&>% -$% 8?+(&)63&$% -?31$% *"*3Q)(

2%-'-4/(# ,(# 3*# 3*"./(;% K$66$% ,1,8H/$% 1,{6% -$% 8,% &$1(016&$;%K?$/6% 8,% &+B8$[)01% ,7$(% 8$/

8,153$/%,'+&)1-)$11$/%23)%4$&'$6% \%Q,4)&% ($66$%4&)/$%-$% (01/()$1($% $6% ($66$%-)/6,1($

,1,8H6)23$;%A$17$1)/6$%-,1/%31$%8$66&$%23?)8%+(&)6%$1%]^Y"%\%8,%L0(d$B$88$&%R031-,6)01

403&%0@6$1)&%8$/%'0H$1/%-$%/$%&$1-&$%31$%/$(01-$%B0)/%$1%D8,/d,>%-)6%,)1/)%M%a%J8%/n,5)6

603C03&/%-$%/,70)&%(0''$16%/n0&5,1)/$%-,1/%8,%8,153$%8n$[4+&)$1($%-$%8n31)7$&/>%(n$/6P\

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%4$36Pe6&$>%',)/%8,%(90/$%$/6%-036$3/$>%8$/%8,153$/%@,860P/8,7$/%$6%101%)1-0P$3&04+$11$/m>%C?,)%&+31)%($/8,153$/%$1%31%5&034$%,44$8+%Q;D;F;%kQ6,1-,&-%D7$&,5$%F3&04$,1m%b;%k106$%-3%6&,-3(6$3&>%\%4&040/%-3a%Q;D;F;%b%M%a%F[4&$//)01%23?01%403&&,)6%&$1-&$%4,&%s*&034$%-$/%8,153$/%$3&04+$11$/%6H4$/t%k-016%8$/)58$%/$&,)6%*SFOm%h%',)/%403&%-$/%&,)/01/%-?3/,5$>%103/%(016)13$&01/%-?36)8)/$&%8?,@&+7),6)01%,158,)/$Q;D;F;%b;

`Y

-)&$% (0''$16% 8,% 8,153$% s/)51)B)$t% $6% (0''$16% $88$% s/H'@08)/$tb]XV;% S0&/23$

A$17$1)/6$%4,&6%$1%D8,/d,%(?$/6%-?31$%($&6,)1$%',1):&$%403&%/0&6)&%-$%8?)1-0P$3&04+$1>

403&%-+(037&)&%-?,36&$/%$[4+&)$1($/%-$%8?31)7$&/;%=,)/%($%80)16,)1>%($%/$&,%,3//)%403&

83)%8$%40:'$%-$%A,3-$8,)&$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]XV%S$66&$%6,43/(&)6$%(01/$&7+$%\%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($;%f1%8,%6&037$&,%4,&')%8$/%4,4)$&/4,&7$13/%\%8,%A)@8)069:23$%$1%!ZZ`;%GDG;%fL;%.01%Z`;]Y;%G0(9$66$%_;

``

[<0-*1-*,2+-X&?-77,6(&-+&#-2&:(+%G$7,-2<'-&)",#$2$)"-&6-&#(&)#-,*-&/-7&-+&#-&#,*G5,2+-&/$6-7*-TW\<

J()>%4,&%$[$'48$>%,3(31%-$/%(01($46/%36)8)/+/%4,&%A$17$1)/6$%1?,3&,)6%73%8$%C03&>1)% 8,% 8)153)/6)23$%(0''$%/()$1($>%1)% 8,%106)01%'e'$%-$% 8,153$>%/,1/% 6$8%4$6)6a%-0(3'$16%b%/3&%8$/%(,6+50&)$/;%S,%49)80/049)$%1?$/6%4,/%/$38$'$16%,(9*"'%8,8)153)/6)23$%(0''$%01%4$36%/$%6&037$&%("#=*2(%-?31$%1037$88$%/()$1($>%&$5,&-03%0@C$6%h%$88$%$/6%,3//)%,(9*"'%(33(>%8,%4&+(+-,16%-$%603/%8$/%(01($46/%23?$88$%83)B03&1)6% $1(0&$>% 403&% 8$% '$)88$3&% $6% 403&% 8$% 4)&$>% )16$&7$1,16% 6,16w6% -,1/% 8$/04+&,6)01/% 8$/% 483/% (&)6)23$/>% 6,16w6% 8$/% 483/% -05',6)23$/>% 8$/% '0)1//()$16)B)23$/%-3%8)153)/6$;%l,63&$88$'$16%/?)8%H%,%31$%4&+()4)6,6)01%101P(&)6)23$-3% 49)80/049$% \% ',1)$&% -$/% 4&040/)6)01/% /()$16)B)23$/% -016% 8,% 4&0-3(6)01$BB$(6)7$% 83)% &$/6$% -+&0@+$>% /?)8% H% ,>% )17$&/$'$16>% 31$% 9|6$% -3% /,7,16% -,1/8?,@0&-% -3% 6$[6$% 49)80/049)23$>% 8,% 4,8'$% &$7)$16% ,3[% &9,4/0-$/% 23)-)/23,8)B)$16% 8$/% 4):($/% -?31% 6$[6$% 49)80/049)23$% -016% )8/% )510&$16% 8,',(9)1,6)01>%-$43)/%31%,8)@)% /()$16)B)23$%0g% )8/%1?016% C,',)/%')/% 8$/%4)$-/%1)8$/%',)1/;]YZ

S?,&6)(8$%-?F')8$%A$17$1)/6$%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b

&$4&$1-%$6%403&/3)6% 8$/% &$(9$&(9$/%-?F-E,&-%Q,4)&%$6%($88$/%-$%A$1C,')1%S$$%Ç90&B;

f1%/$%-$',1-$%'e'$%/)% 8?,&6)(8$%-$%A$17$1)/6$%1?,%4,/%(0''$1(+%4,&%31$%&+B8$[)01

/3&%Ç90&B;%F1%$BB$6>%-,1/%8?,&(9)7$%',13/(&)6$%-$%A$17$1)/6$>%01%6&037$%31%(,8$4)1%23)

-+@36$%4,&%31$%-)/(3//)01%-3%6&,7,)8%-$%Ç90&B>%4&+()/+'$16%-$%8?,&6)(8$%a%F"#F7(%-2*"

I",-*"#S&,(3#&=#':(#G"-9(%)(#b%0g%Ç90&B%$[48)23$%23?)8%1?H%,%4,/%-$%106)01%-$%6$'4/

$1%904)]Y];%D)88$3&/%-,1/%8?,&(9)7$%',13/(&)6$>%01%6&037$%6036$%31$%,36&$%/+&)$%-$%106$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]X^%a%D3%8)$3%-$%/3)7&$%($66$%)''$1/$%4&0@8+',6)23$%$1%48$)1$%'$&>%/)%8?01%4$36%-)&$>%4$36Pe6&$%7,36P)8')$3[>%+6,16%-011+%8$/%$[)5$1($/%$6%8$/%8)')6$/%-$%($6%$//,)>%4,&6)&%)()%-$/%4&040/)6)01/%-?31%8)153)/6$'0-$&1$;%f1%/,)6%23$%A$17$1)/6$%,%,1,8H/+%-,1/%sK,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$t%8$/(016&,)16$/%4,&%8$/23$88$/%8,%8,153$%5&$(23$%8)')6$&,)6%8$%/H/6:'$%-$/%(,6+50&)$/%,&)/606+8)()$11$/%b;#,(23$/%.$&&)-,>%a%S$%/3448+'$16%-$%(0438$%b>%)1%<*".*.()+#PU>%1$-)'57&3&.-(#,(#3*#3-"./-)'-4/(+[&77*.()#g#17-3(#8("9("-)'(>%13'+&0%0&5,1)/+%4,&%#38),%}&)/6$7,>%.)-)$&%o%S,&03//$>%G,&)/>%-+($'@&$]^_]>%4;%%]`%o%&$4&)/%4,&%8,%/3)6$%k1037$88$%7$&/)01m%-,1/%S*%.()#,(#3*#$:-3&)&$:-(>%=)13)6>%G,&)/>%]^_!>4;%!]X;]YZ%#,(23$/%.$&&)-,>%a%S$%/3448+'$16%-$%(0438$/%b>%%<*".*.()+#PU>%4;%%!X%o%S*%.()#,(#3*#$:-3&)&$:-(>%4;!!YP!!`;]Y]%a%F='(%#3&".#*",#2*%(=/3#)'/,Q#*",#*"*3Q)-)#':(#[&$-#3*"./*.(#-)#)(("#'&#2&"'*-"#"&#^&%,)+.%*77*'-2*3#=&%7)+#2&")'%/2'-&")#&%#(N$%())-&")#':*'#%(=(%#,-%(2'3Q#'&#^:*'#^(#2*33#'-7(+#&%#'&#$*)'+$%()("'+#&%#=/'/%(+#&%#'&#(",/%-".#&%#3*)'-".+#&%#'&#7&'-&"#*)#\-"(7*'-2#%*':(%#':*"#,Q"*7-2#b-0(0#*)#*2&"'-"/&/)#'%*")3*'-&"#-"#)$*2(#*",#'-7(#%*':(%#':*"#*)#*"#(N:-O-'-&"#&=#,Q"*7-2#(==&%'#-"#*#2(%'*-"$%&2())_#&%#':*'#(9("#%(=(%#'&#)$*2(#-"#)/2:#*#^*Q#*)#'&#(N23/,(#':*'#(3(7("'#&=#(N'(")-&"#&%#(N-)'("2(

`_

)16)638+$/%a%S$%4&0@8:'$%-$%Ç90&B%b]Y!;%K$%23)%$/6%)16+&$//,16>%(?$/6%23?)8%/$'@8$%101

/$38$'$16%23$%8?,&6)(8$%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%(0''$1($%4,&

31$% -)/(3//)01% \% 4&040/% -$%Ç90&B>% ',)/% ,3//)% /?+(&)6% -,1/% 31% ,36&$% /$1/% 23$% ($83)

23?01% 83)%(011,{6%h%\%4,&6)&%-$%Ç90&B>%A$17$1)/6$%/$%40/$% 8,%23$/6)01%-$% 8?a%e6&$%b%$1

8,153$%$E$>%43)/%/?)16$&&05$%/3&%Ç;%701%<3'@08-6>%43)/%/3&%8$/%K,6+50&)$/%-?D&)/606$;

f1%-011$% )()%31$% 6&,1/(&)46)01%4,&6)$88$%-$/%4&$'):&$/%4,5$/%-$%($%(,8$4)1%0g

,44,&,{6%8,%&+B8$[)01%-$%A$17$1)/6$%\%4&040/%-$%Ç90&B%M

~Br]ÄD4&:/% 31$% 80153$% +63-$% $6% 31$% ,1,8H/$% ,66$16)7$>% x)8% ,44,&,{6% 23$y% 8,% 8,153$%<04)% 1$(016)$16%4,/%-$%'06/>%-$%B0&'$/%5&,'',6)(,8$/>%-$%(01/6&3(6)01%03%-?$[4&$//)01%23)%/$&,440&6$16%-)&$(6$'$16%\%($%23$%103/%,44$801/%OF=GQ>%03%,3%4,//+%P>%4&+/$16%03%B363&>03% \% ($% 23)% -3&$% 03% -$'$3&$>% 03% ,3%'037$'$16% $1% 6,16% 23$% ()1$',6)23$>% 4836w6% 23$-H1,')23$% k(;\% -;% (0''$% 6&,1/8,6)01% (016)13$% $1% $/4,($% $6% 6$'4/% 4836w6% (0''$% 31$-+'01/6&,6)01%-?31%$BB0&6%-H1,')23$%-,1/%31%($&6,)1%4&0(:/m%03%23)%'e'$%/$%&+B:&$16%\8?$/4,($% -$% 6$88$% ',1):&$% \% $[(83&$% ($6% +8+'$16% -?$[6$1/)01% 03% -?$[)/6$1($% 23$% 103/,44$801/%OF=GQ% $6% x\% 8,)//$&y% ,3//)% 4,&% )'48)(,6)01% 31% &+/)-3% ,323$8% 01% 403&&,)6% /$&+B+&$&% (0''$% OF=GQ;% G,&% /3)6$>% 8,% 8,153$% <04)% 1$% (016)$16% ,3(31$% &+B+&$1($% >$[48)()6$%03%)'48)()6$>%,3%6$'4/;F1%'e'$% 6$'4/>% 8,% 8,153$%<04)% $/6% (,4,@8$%x-?$1&$5)/6&$&y%-$% &$1-&$% (0'46$% $6% -$-+(&)&$% (0&&$(6$'$16>% $1% 31% /$1/% 4&,5',6)23$% $6% 04+&,6)011$8>% 603/% 8$/% 49+10':1$/0@/$&7,@8$/%-$%8?31)7$&/;f1%1?$1%B)1)&,)6%4,/%-$%-+(&)&$%($66$%&)(9$//$;%=,)/%(?$/6%-,1/%($66$%/)63,6)01%8)153)/6)23$>23$%/$%-+B)1)//$16%x1,)//$16y%8$/%',51)B)23$/%)',5$/%/3&%8?e6&$%-3%40:'$%-$%G,&'+1)-$03%8$/%4&+(+-$16/%8$/%-+7$8044$'$16/%6$(91)23$/%x8,%'+6,49H/)23$%5&$(23$%-$%8?e6&$y

~BBr!P`Ä%%~F[4+&)$1($%-$%8?e6&$%$1%$E$Ä

~Br_ÄH-)2/))-&"#,(#]:&%=Ç90&B%4,&6%-$%($66$%(01/6,6,6)01%23$%8$%<04)%8,%8,153$%<04)%1$%(016)$16%,3(31$

&+B+&$1($>%$[48)()6$%03%)'48)()6$>%,3%6$'4/;J8%$1%)1B:&$%23$%8$%<04)%1?$/6%$1%&)$1%)1B+&)0&)/+%4,&%8\;%Q)'48$'$16%)8%4&+/$16$%31$%73$-$%8?31)7$&/%23)%1?$/6%4,/%)'4&+51+$%(0''$%8,%1w6&$%-$%8?)-+$%-$%6$'4/;%.$%'e'$%23?)8

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%':*'#^(#2*33#'-7(+#*",#)&#OQ#-7$3-2*'-&"#3(*9(#*#%()-,/(#':*'#2&/3,#O(#%(=(%%(,#'&#*)#'-7(0#[("2(+#':([&$-#3*"./*.(#2&"'*-")#"&#%(=(%("2(#'&#'-7(+(-':(%#(N$3-2-'#&%#-7$3-2-'#b>#A$1C,')1%S$$%Ç90&B>%a%D1D'$&)(,1%J1-),1%'0-$8%0B%69$%U1)7$&/$%b>%)1%<*"./*.(+#R:&/.:'+#*",#D(*3-'Q%k]^"`%pm>%=JO%G&$//>K,'@&)-5$>%=,//,(93/$66/>%]^Y`>%4;%Y_;%O&,-3(6)01%B&,1T,)/$%4,&%K8,3-$%K,&'$>%a%U1%'0-:8$,'+&)1-)$1%-$%8?31)7$&/%b>%)1%<-"./-)'-4/(#('#*"':%&$&3&.-(>%.$10à8%o%*0169)$&>%G,&)/>%]^`^>%4;%YP`%%Ma%D3%6$&'$%-?31$%80153$%+63-$%$6%,4&:/%31$%,1,8H/$%,66$16)7$>%01%,%(01/6,6+%23$%8,%8,153$%<04)%1$(011,{6%4,/%-$%'06/>%-$%B0&'$/%5&,'',6)(,8$/>%-$%(01/6&3(6)01/>%03%-?$[4&$//)01/%23)%/$%&,440&6$16-)&$(6$'$16%\%($%23$%103/%,44$801/%s6$'4/t;%J8%1?$1%$/6%4,/%101%483/%23)%/0)$16%&$8,6)B/%,3%4,//+>%,34&+/$16%03%,3%B363&>%03%\%8,%106)01%-$%4$&',1$1($%03%-$%-3&+$>%03%,3%'037$'$16>%(01/)-+&+%/3&%8$%48,1()1+',6)23$%4836w6%23$%-H1,')23$%k(?$/6P\P-)&$%$1%6,16%23$%6&,1/8,6)01%(016)13$%-,1/%8?$/4,($%$6%8$6$'4/%4836w6%23$%(0''$%8,%',1)B$/6,6)01%-?31%$BB0&6%-H1,')23$%0@+)//,16%\%31%($&6,)1%4&0($//3/m;%f1106$%$1B)1%23?)8%1?H%,%,3(31$%-011+$%8)153)/6)23$%23)%/$%&,440&6$%\%8?$/4,($%-$%',1):&$%\%$[(83&$%($6+8+'$16%-?$[6$1/)01%03%-?$[)/6$1($%23$%103/%,44$801/%6$'4/>%$6%23)%,)1/)%8,)//$%)'48)()6$'$16%31%&+/)-323)%403&&,)6%e6&$%-+/)51+%/03/%8$%10'%-$%s6$'4/t;%F1%(01/+23$1($>%8,%8,153$%<04)%1$%(016)$16%,3(31$&+B+&$1($%,3%s6$'4/t>%/0)6%$[48)()6$>%/0)6%)'48)()6$%b;]Y!%S$/%',13)/(&)6/%/016%(01/$&7+/%\%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($%,3%-+4,&6$'$16%-$/%',13/(&)6/0&)$16,3[%/03/%8,%(06$%GDG;fL;"]>%Br!Z^P!]";

`V

$/6%40//)@8$%-?,70)&%1?)'40&6$%23$8%~'01-$Ä%-$%5+0'+6&)$%101%F3(8)-)$11$%23)%&$1-$1631%(0'46$%,7$(%31$%+5,8$%4$&B$(6)01%-$%(01B)53&,6)01/%/4,6),8$/>%-$%'e'$%)8%$/6%40//)@8$-?,70)&%-$/%-$/(&)46)01/%-$% 8?31)7$&/>% 6036$/%+5,8$'$16%7,8)-$/>%23)%1$%(016)$11$16%4,/8$/%(016&,/6$/%23)%103/%/016%B,')8)$&/%-$%8?$/4,($%$6%-3%6$'4/;%S$%46%-$%73$%&$8,6)7)/6$%-$8,% 49H/;% '0-$&1$% $/6% 31$% -$% ($/% 73$/>% (01T3$% $1% 6$&'$/% ',69+',6)23$/>% $6% 8,Ç$86,1(9315%<04)%$1%$/6%31$%,36&$>%6036$%-)BB+&$16$>%101P',69+',6)23$%$6%8)153)/6)23$;kO&,-3)&$%4,//,5$%/3&%0440/)6)01%-3%',1)B$/6+%o%',1)B$/6,16%03%0@C$(6)B%o%/3@C$(6)Bm

~BrVÄf1% ,% ,)1/)% )()% 8?)'4&$//)01% 23$% ($% 23$%Ç90&B% -+101($% (0''$% 31$% -)BB+&$1($

-,1/%8,%a%'+6,49H/)23$%b%-3%'01-$%)'48)23+$%&$/4$(6)7$'$16%4,&%8$%<04)%$6%(0''$%31$8,153$% (0''$% 8?,158,)/% &$4&+/$16$% $1% &+,8)6+% 31$% 0&5,1)/,6)01% 6036$% -)BB+&$16$% -$% 8,'0&490805)$%$6%-$/%(,6+50&)$/%'0&490805)23$/%',)/]m& Ç90&B% ,448)23$% ,3% <04)% 31$% ,1,8H/$% 6&:/% 4+1+6&,16$% $6% $1% -+5,5$% -$/(,&,(6:&$/%B0&6%/3@6)8/%',)/% 403&% 10/% 8,153$/% )8% /$% (016$16$% -?31$% -+B)1)6)01% 6&:/% &,4)-$>% x,my% (0''$% /)% 8,(90/$%+6,)6%/)%+7)-$16$;@m% $1% ,//)')8,16% $1% 31$% /$38$% -+B)1)6)01% x6&0)/% -0',)1$/% -)BB+&$16/yk8,% '+6,49H/)23$/03/PC,($16$%\%106&$%8,15,5$>%\%106&$%4$1/+$%$6%\%106&$%(3863&$m(m%$6%$1%&,'$1,16%6036%,3[%-$3[%5&,1-$/%B0&($/%(0/')23$/%$/4,($%$6%6$'4/;%%%%-m%$1%8$/1+58)5$,16% 6036$% ,1,8H/$% 8)153)/6)23$% 403&% 8$/% 8,153$/% (01B&016+$/% ,3%<04)>% (0''$% /)103/%/,7)01/%-+C\%6036%-$%8?0&5,1)/,6)01%)16$&1$%-$%10/%8,153$/%\%($%1)7$,3%-?,1,8H/$;!m%J8%/?,5)&,)6%-$%/,70)&%/)%8$/%-$3[%,1,8H/$/%/016%/H'+6&)23$/>%(?$/6P\P-)&$%,m%/)%8?,158,)/x%03%$1%66%(,/%8$%&3//$y%1$%(0'40&6$&,)6%4,/%($&6,)1$/%(,6+50&)$/%-$%6H4$%<04)%É%@m%/)%8$<04)% $/6% /)% (0'48:6$'$16% +6&,15$&% 23$% 8$% -)6%Ç90&B% \% 8?)-+$% -$% 6$'4/;% F1% &+,8)6+% 8$/106)01/% -?)1($46)B/>% x-$% /$5'$16,6)By% -$% 6$&')1,6)B% 23$% Ç9;% ,% -+($8+$/% /))15+1)$3/$'$16% $1% <04)>% 1$% /016% 4,/% +6&,15:&$/;% F1% &+,8)6+% 8,% -)7)/)014,//+o4&+/$16oB363&% 1?$/6% 1388$'$16% )19+&$16$% ,3% 6H4$% )1-0P$3&04+$1;% F1% /+')6)23$% 31'e'$%6$'4/%4$36%e6&$%4,//+%03%B363&>%$6%($4$1-,16

~Br^Ä($66$% 49)80/049)$% x%a%'+6,49H/)23$%by% )19+&$16$% \% 8,% 8,153$% 1?,% 4,/% $'4e(9+8?+8,@0&,6)01% -?31$% 49)80/049)$% $6% -?31$% /()$1($% 23)>% 4,&,-0[,8$'$16% /?)8% H% ,7,)6% 8\7&,)'$16% (016&,-)(6)01>% /?$/6% ,66,(9+$% ,7$(% ')136)$% ,3% (0'436% -3% 6$'4/% $6% \8?0@/$&7,6)01% -$/% 49,/$/% -$/% ,/6&$/;% K?$/6% 8,% 4&$37$% 23?,3% '0)1/% )8% 1?H% ,7,)6% 4,/% -$B,6,8)6+%8)153)/6)23$;%x)1)6),8$/y%-,1/%8?0&)$16,6)01%-$%8,%4$1/+$>%-3%B,)6%-$%8,%8,153$;F1% &+,8)6+% ($% 23$% Ç90&B% ,% B,)6% (01/)/6$% $1% ($()%M% )8% ,% 6&,1/(&)6% $1% 6$&'$/a%49)80/049)23$/%b%($%23)%$/6%4&04&$'$16%31$%0&5,1)/,6)01% 8)153)/6)23$%h% )8% ,% 603&1+%$1a%(01($46/%b%-$/%106)01/%xB0&'$88$/y%23)%1$%/$%6&,1/B0&'$16%C,',)/%$1%(016$13%$[48)()6$',)/%&$/6$16%-$/%(,-&$/%'0&490805)23$/;

~Br]ZÄ%~4$6)6$%B$3)88$Ä60%6)%$1%$)1,)'016&$&% \% 23$8% 40)16% ($()% $/6% 8)+% \% 8,% (01/6&3(6)01% 8)153)/6)23$% 4,&6)(38):&$% ,3% 5&$(%M8?$[)/6$1($%-?31%,&6)(8$%É%8,%B8$[)01%10')1,8$%É%8?$[)/6$1($%-?31%5$1&$%5&,'',6)(,8%É%8$(90)[%-3%1$36&$%É8,]m& 8?$[)/6$1($%-%(0'4,6)@)8)6+%-$%8?,&6)(8$%10';%1$36&$%,7$(%)1B)1)6)B!m%É%8$%4&010'%~%%%Ä%)1-+B)1)%,7$(%-$%1037$,3%%5$1&$%$6%10'@&$>%(,/%É"m%$6%Xm%$[)/6$1($%-$%7$&@$%(0''$%-)/6)1(6%-$%101P$[)/6$1($%-?31%7$&@$%e6&$%É%$[)/6$1($-?31%)1B)1)6)B%P%%~%%%Ä%-?0&-&$%$6%-?,((0&-%/H16,[)23$%-$%8?$1/$'@8$;l+,1'0)1/%)8%4,&8,)6D&)/606$

`^

f1% 70)6% @)$1% (0''$% ($66$% &+B8$[)01% 7,% /$% 403&/3)7&$% -,1/% a%K,6+50&)$/% -$

4$1/+$% $6% (,6+50&)$/% -$% 8,153$%b]Y"% k]^YVm>% ',)/% ,3//)% -,1/% a%S$% 8,15,5$% $6

8?$[4+&)$1($%93',)1$%b%k]^`Ym%4,&%$[$'48$>%23)%40&6$%$16):&$'$16%/3&%8$%4&0@8:'$%-3

6$'4/;

.,1/% a#R:(#m%*77*%-*"# *",# :-)# <*"./*.(#b+#31$% -$/% 23$/6)01/% 40/+$/% +6,)6

($88$%-$%8,%8)')6,6)01>%403&%8,%4$1/+$>%23$%4037,)6%(01/6)63$&%8,%8,153$;%Q,4)&%&+401-,)6

\%($%4&0@8:'$%$1%-)/,16%/)'48$'$16% ':(# 3*"./*.(# -)#$%($*%(,# '&#,&#:-)#^&%\LCU>%23$

4,&%$[$'48$%8?$/d)'0%1?,3&,)6%/,1/%-036$%,3(31$%-)BB)(386+%\%,((3$)88)&%-,1/%/,%8,153$>

-,1/% /,% 4$1/+$>% 8,%'+6,49H/)23$% $3&04+$11$>% 03% \% 6&,-3)&$% 8,%B%-'-4/(# ,(# 3*# D*-)&"

K/%(#-$%},16>% $6%23?$88$% &+3//)&,)6% \%-)&$%-$%',1):&$%4$36Pe6&$%483/% B)1$% ($%23$%},16

4037,)6%-+(037&)&%$1%,88$',1-%M

8/'#-'#-)#"&'#*O)/%,#'&#)*Q#':*'#':(%(#-)#"&':-".#-"#':(#=&%7*3#$(2/3*%-'-()#&=#[&''("'&'#&%&=#1)\-7&#^:-2:#^&/3,#&O)2/%(#':(#23*%-'Q#&%#:-,(#':(#,($':#&=#w*"'A)#':&/.:'#l#-",((,+-'#7*Q# O(# )/)$(2'(,# ':*'# ':(# :-.:3Q# )Q"':('-2# *",# $(%-&,-2# )'%/2'/%(# &=# 1)\-7&#^&/3,7&%(# (*)-3Q# O(*%# ':(# ^(-.:'# &=# w*"'A)# '(%7-"&3&.Q# ':*"# :-)# "*'-9(# m(%7*"0]YY% ~#$6&,-3)/%MÄ%=,)/% )8% 1?$/6% 4,/% ,@/3&-$% -$% -)&$% 23?)8% 1?H% ,% &)$1% -,1/% 8$/% 4,&6)(38,&)6+/B0&'$88$/% -$% 8?9066$1606% 03% -$% 8?$/d)'0% 23)% 403&&,)6% 0@/(3&()&% 8,% (8,&6+% 03% (,(9$&% 8,4&0B01-$3&% -$% 8,% 4$1/+$% -$% },16% É% $1% B,)6>% 01% 403&&,% /3/4$(6$&% 23$% 8,% /6&3(63&$9,36$'$16%/H169+6)23$%$6%4+&)0-)23$%-$%8?$/d)'0%40&6$&,)6%483/%B,()8$'$16%8$%40)-/%-$%8,6$&')10805)$%-$%},16%23$%/01%,88$',1-%1,6)B;

A$17$1)/6$%6$&')1$%8?,&6)(8$%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%$1

-)/,16>%-$% 8,%'e'$%',1):&$%23$%Q,4)&>%23$% 8,% 8,153$%1$%(01/6)63$%4,/%31$% 8)')6,6)01

403&% 8,% 4$1/+$>% 23?$88$% $1% $/6>% ,3% (016&,)&$>% 8,% 40//)@)8)6+;% D3(31$% 8,153$% 1$% 4$36

8)')6$&%8?$//0&%-$%8,%4$1/+$%$6%8?,((3$)8%-$%'+690-$/%1037$88$/%M

J8% $/6%483/% B&3(63$3[%-$%(01($70)&% 8?$/4&)6% (0''$%7)&63,8)6+%23$%(0''$%(,-&$>% (0''$-H1,')/'$%23$%(0''$%/6&3(63&$;%K?$/6%31%B,)6%23$%/03')/$%,3[%$[)5$1($/%-$/%'+690-$//()$16)B)23$/>%8,%4$1/+$%,-046$%4,&6036%8$/%'e'$/%-+',&(9$/%$1%23$823$%8,153$%23?$88$(90)/)//$%-$%-+(&)&$%8?$[4+&)$1($;%F1%($%/$1/%$88$%-$7)$16%)1-+4$1-,16$>%101%-$%8,%8,153$>',)/% -$/% /6&3(63&$/% 8)153)/6)23$/% 4,&6)(38):&$/;% S,% 4$1/+$% (9)10)/$% 4$36% @)$1% ,70)&

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]Y"%=)(9$8%D&&)7+%-,1/%/01%037&,5$%<*".*.(#('#$)Q2:*"*3Q)(+#3-"./-)'-4/(#('#-"2&")2-("6%+(&)6%-,1/%31$106$>%/,1/%-,7,16,5$%4&+()/$&%/,%4$1/+$>%4,&8,16%-$%Q,4)&%43)/%-$%Ç90&B%%M%%a%70)&%,3//)>%-$%Ç90&B>8?,1,8H/$>%,3[%,8$1603&/%-$%]^"`>%-3%6$'4/%(9$I%8$/%<04)%M%<-"./-)'-4/(#('#F"':%&$&3&.-(>%4;%_P]^m;%f1/,)6%8$%/0&6%23$%A$17$1)/6$%B$&,%\%($/%4&040/)6)01/%$1%]^YV%-,1/%sK,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$t;b;%i0)&%=)(9$8%D&&)7+>%<*".*.(#('#$)Q2:*"*3Q)(+#3-"./-)'-4/(#('#-"2&")2-("'>%S,'@$&6%S3(,/>S)'05$/>%!ZZY>%4;%]"Z;%#$%1$%70)/%4,/%@)$1%($%23$%7$36%-)&$%=)(9$8%D&&)7+;%J8%'$%/$'@8$%-,7,16,5$%23$A$17$1)/6$%403&/3)6%8,%&+B8$[)01%-$%Q,4)&%$6%Ç90&B;]YX%F-E,&-%Q,4)&>%a%O9$%5&,'',&),1%,1-%9)/%8,153,5$%b>%)1%F7(%-2*"#S(%2/%Q+#I>%]^!X;%L$4&)/%-,1/%8$7083'$%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%#-"#<*"./*.(#B/3'/%(#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%]Y";]YY%IO-,;>%4;%]YX;%F6%4;%]!!%-,1/%8?+-)6)01%B&,1T,)/$;

_Z

)17$16+%-$/%(,6+50&)$/%,3//)%/4+()B)23$/%23$% 8$% '*&>% 8$%Q-"%$6% 8$%Q*".%M%$88$%1?$1%$/6%4,/'0)1/%(,4,@8$%-?,//)')8$&%8$/%(01($46/%-$%8,%-),8$(6)23$%',6+&),8)/6$%03%-$%8,%'+(,1)23$23,16)23$%/,1/%23$%8,%/6&3(63&$%-$%8,%8,153$%(9)10)/$%H%B,//$%0@/6,(8$;%]Y`

J8% /?,5)6% (8,)&$'$16% -?31$% ')/$% $1% 5,&-$>% 4,&% &,440&6% ,3% 40)16% -$% 73$

/6&3(63&,8)/6$>%(016&$%8,%&+-3(6)01%-$%8,%8,153$%\%31$%a%/6&3(63&$%b>%\%31%a%(,-&$%b;%D%($

40)16%-$%73$%A$17$1)/6$%0440/$%($83)%-$%8,%7)$%-$/%/3C$6/%-,1/%8$%8,15,5$%M%8,%8,153$%/$

-+B)1)6% 403&% 83)>% @)$1% -,7,16,5$>% (0''$% a%-H1,')23$%b% $6% a%7)&63,8)6+%b;% A$17$1)/6$

+(&)6% ,4&:/% Q,4)&>% $6% ($&6,)1$'$16% 4,/% (016&$% 83)% (0''$%=)(9$8% D&&)7+]Y_% /$'@8$% 8$

4$1/$&%4,&%$[$'48$>%/?$1%6$1,16%\%8,%4&+6$1-3$%a%<H4069:/$%Q,4)&PÇ90&B%b]YV>%\%8?)-+$

-?31%a%&$8,6)7)/'$%8)153)/6)23$%b>%$1/$)51+$%4,&%Q,4)&%$6%Ç90&B;%G03&%Q,4)&>%)8%H%,%31$

%(3*'-9-'5#,(#3*#=&%7(#,(#3*#$(")5(%ka%%(3*'-9-'Q#&=#':(#=&%7#&=#':&/.:'#b]Y^m>%',)/%($66$

B0&'$%-$%8,%4$1/+$%1?$/6%4,/%31$%$//$1($>%(?$/6%31$%9)/60)&$>%31$%-H1,')23$;%Q)%($66$

B0&'$%-$%4$1/+$%$/6%a%(3863&$88$%b%k8)153)/6)23$m>%($%/$&,%403&%4$1/$&%8,%2/3'/%(%(0''$

,(6)7)6+% 4$&',1$16$% -?)17$16)01% -$% 8,% 8,153$P(3863&$]`Z;% S,% 106)01% -$% a%B0&'$%b>% $1

036&$>%B,)6%8,%(&)6)23$%-?31%B0&',8)/'$;%S,%a%B0&'$%b%$/6%=&%7`=((3-".>%a%/$16)'$16%-$%8,

B0&'$%b;% F6% =&%7`=((3-".>% /)% (?$/6% 31% 10'># ,% -?,@0&-% 31$% 7,8$3&% 7$&@,8$>% ,(6)7$>

)1(90,6)7$>% 31$% 7,8$3&% -$% 4&+/$16%h% =((3-".% 1?$/6% 4$36Pe6&$% 4,/% 6,16% 31% 10'% 23?31

4,&6)()4$% 4&+/$16>% $6% -,1/% ($% (,/% 01% 4$36% )1-3)&$% $1% $&&$3&% $1% 8$% 6&,-3)/,16% 4,&

a%/$16)'$16%b%-$%8,%B0&'$>%\%'0)1/%-?$16$1-&$%($%a%/$16)'$16%b%(0''$%31$%,(6)7)6+;%S,

=&%7(# ,(# 3*# $(")5(% $/6% =&%7`=((3-".>% 8,% 6$13$% $1/$'@8$% -?31$% 5&,'',)&$% $6% -?31

31)7$&/%M% (?$/6% 4,&($%23$% 8$% 8,15,5$% /$&6% \%9-9%(% (0''$% 8$% -)6%A$17$1)/6$>% 4,&($%23$

8?$[4+&)$1($% -3%'01-$% $/6% 8)153)/6)23$>% 5&,'',)&)$11$>% 23$% 8,% 8,153$>% 8,% 4$1/+$% $/6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]Y`%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%k]^YVm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%]^``>%4;%`";]Y_%i0)&%106$%4;%`X;]YV%#,',)/%Q,4)&%$6%Ç90&B%1?016%40/+%31$%6$88$%a%9H4069:/$%b%h%$88$%1?$/6%1)%-$%Q,4)&>%1)%-$%Ç90&B%h%(?$/68,%&+-3(6)01%-$%8$3&%4$1/+$%k23)%1?,%&)$1%\%70)&%,7$(%8$3&%4$1/+$m>%$6%23)%',89$3&$3/$'$16%B,)6%B0&631$;]Y^%F;%Q,4)&>%a%O9$%*&,'',&),1%,1-%9)/%S,153,5$%b>%)1%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%>%4;%]Y^;%k-$3[0((3&&$1($/%-$%($66$%$[4&$//)01m]`Z%D%8,%6036$%B)1%-$%H(#3*#3*"./(#=%*"E*-)(>%<$1&)%=$/(9011)(%+(&)6>%%a%K$%/$1/%-3%8,15,5$%1?$/6%,36&$23$%8$%/$1/%-$%8,%7)$>%$1%6,16%23$%($%/$1/%6&,1/B0&'$%8$%8,15,5$;%J8%)1(836%8,%a%4$6)6$%7)$%b%-016%4,&8$A,3-$8,)&$>%,36,16%23$%($83)%-$%8?)17$16)01%-$%/,%4&04&$%7)$;%J8%$/6%8)+%,3%/$1/%-$%8?,&6>%,3%/$1/%-$%($23?$/6%31%/3C$6;%S?)1B)'$>%8$%B&,5)8$>%8?)'4$&($46)@8$%H%(0'46$16%483/%4$36Pe6&$%23$%-$/%408)6)23$/%-$%8,8,153$;%F1%230)%8$/%-$&1)$&/%\%B,)&$%8?,(6)7)6+%-?31$%8,153$P(3863&$%/016%8$/%90''$/%-)6/%408)6)23$/;%F88$$/6%4$&',1$16$;%Q,3B%(9$I%($3[%-016%8$/%)-+$/%/016%,&&e6+$/;%F6%)8%1?H%,%4$36Pe6&$%7&,)'$16%-$%8,153$%23$6,16%23?)8%H%,%31$%)17$16)01%-,1/%8,%4$1/+$;%G3)/23?31$%8,153$%$/6%31$%9)/60)&$>%$88$%$1%,%8?)1B)1);%b%k<$1&)=$/(9011)(>%H(#3*#3*"./(#=%*"E*-)(>%<,(9$66$%8)66+&,63&$/>%(088$(6)01%a%G83&)$8%b>%G,&)/>%]^^_>%4;%X]!;m

_]

603&1+$% 7$&/% /01% )1B)1);% K?$/6% 31$% ,36&$% ',1):&$% -$% 4$1/$&% ($% 23$% Q,3//3&$% ,44$88$

8?*%O-'%*-%(;]`]

.,1/% 31$% 7)/+$% ,3//)% (&)6)23$% 23$% ($88$% -$% Q,4)&% -)/,16% 31$% a%B0&'$% -$% 8,

4$1/+$%b>% A$17$1)/6$% 4,&8$% -$% 8,% 8,153$% (0''$% -$% a%($66$% 5&,1-$% /6&3(63&$>% 23)

$1B$&'$%-$/%/6&3(63&$/%483/%4$6)6$/%$6%-$%483/)$3&/%1)7$,3[>%-011$%/,%=&%7(%,3%(016$13

-$% 4$1/+$%b]`!;% S$% 8$(6$3&% 4&$//+]`"% 6&037$&,% 23$% A$17$1)/6$% 1$% B,)6% 8\% 23?0440/$&>

(0''$%8,%6&,-)6)01%8$%B,)6>%8,%=&%7(%$6%8$%2&"'("/>%0g%8,%8,153$%$/6%B0&'$88$%$6%8,%4$1/+$

',6+&)$88$;%l+,1'0)1/>%31%03%-$3[%-+6,)8/%-0)7$16% B&,44$&% 8$% 8$(6$3&%'0)1/%4&$//+%$6

/03()$3[% -$% -+6,)8/;% F1% 4&$')$&>% 8?)6,8)23$% 40&6+% /3&% 8$% 6$&'$% a%B0&'$%b>% $6

-$3[):'$'$16% 8$% B,)6% 23$% A$17$1)/6$% ,)6% +(&)6% a%/,% =&%7(%b>% $6% 101% 4,&% $[$'48$

a%B0&'$%b% 03% a%31$% B0&'$%b;% S,% -)BB+&$1($% /$&,% -$% 1037$,3% 31% ,(($16% 23?)8% B,3-&,

$16$1-&$%40&6+%/3&%)*;%K$6%,(($16%/?$[48)23,16%4,&%($%23)%/$%-)/6)153$% )();%A$17$1)/6$

+(&)7,16%23$%8,%8,153$%-011$%a%/,%=&%7(%,3%(016$13%-$%4$1/+$%b>%)8%+6,@8)6%23$%8,%4$1/+$

/$% &+,8)/$% -,1/% 31$% B0&'$% 23)% /$&,% /4+()B)23$'$16% 8,% /)$11$>% )*% B0&'$;% K?$/6% 8$

(016&,)&$%-?31%/6&3(63&,8)/'$%23)%-)&,)6%23$%8,%8,153$%-011$%31$%B0&'$%,3%(016$13%-$

4$1/+$>% 8$/% B0&'$/% +6,16% 8\% $6% 4&e6$/% \% e6&$% )17$/6)$/% ,B)1% -$% 6&,1/'$66&$% 8,% 4$1/+$>

4&$'):&$% $6% 101% B0&'$88$;%>*% B0&'$>% ($% 1?$/6% 4,/%/"(% B0&'$>% 8$/% B0&'$/% 1$% /016% 4,/

-011+$/%-?,7,1($>%(,&%/)'48$'$16%01%1?$/6%483/%-,1/%31$%(01($46)01%B0&',8)/6$%-$%8,

8,153$;%K?$/6% 8$% /$1/% -$% 8?)6,8)23$% -$%A$17$1)/6$;%U1% )6,8)23$% 23)>% &$',&2301/P8$>% 1$

603(9$% 4,/% ($% 23)% +6,)6% C3/23?,80&/% 8,% (016&$4,&6)$% -$% 8,% B0&'$>% 8$% a%(016$13%b;%K$66$

-)//H'+6&)$%$/6%)'40&6,16$;%K?$/6%31$%4$1/+$%-$%8,%=&%7(%23$%A$17$1)/6$%4&040/$>%,B)1

-$%B,)&$%4&05&$//$&%8$%-+@,6%/,1/%($//$%(016)13+%\%4&040/%-3%8)$1%23)%31)6%8,%8,153$%\%8,

4$1/+$;% J8%4$36%4,&,{6&$%/3&4&$1,16%-$%4&040/$&%-$%4$1/$&% 8,% =&%7(% ,80&/%'e'$%23?01

703-&,)6% /0&6)&%-$% 8?9,@)63$88$%/+4,&,6)01%-$% 8,% B0&'$%$6%-3%(016$13;%K$4$1-,16>% ($66$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]`]%f1%&$4$1/$%\%8,%(&)6)23$%B0&'38+$%4,&%Q,3//3&$%$17$&/%8$/%49)80/049$/%-3%8,15,5$%-016%8$/(01($46)01/%a%B016%/015$&%\%106&$%4&$')$&%4:&$%D-,'%,44$8,16%4&:/%-$%83)%8$/%-)7$&/%,1)',3[%$1%8$3&-011,16%\%(9,(31%8$3&%10'%b;ka%D3%(9,4)6&$%/+')0805)$%b>%)1%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%4;%!"Zm;%#$1$%-)/%4,/%($8,%403&%&$',&23$&%/$38$'$16%8,%(&)6)23$%-$%8,%4$1/+$%-$%8,%a%10'$1(8,63&$%b%4,&%8,-+(037$&6$%-$%8?*%O-'%*-%(%-3%/)51$%23$%B,)6%Q,3//3&$>%',)/%,3//)%403&%)1-)23$&%23$88$/%(01($46)01/%-$8?9)/60)&$%/$%-+4,&6,5$16%)();%S,%m(";)(%40&6$%6036%$1/$'@8$%31%'H69$%-$%8,15,5$>%-$%/3C$6>%-$%/0()+6+>-?9)/60)&$%$6%-$%4,&$16+M%D-,'%-,1/%/,%/08)63-$%"&77(%8$/%,1)',3[%$6%&$/6$%/$38%6,16%23?)8%1?,%4,/%%a%B,($\%83)%b%31%,36&$>%23)%B01-$%/,%4&+/$1($%\%83)P'e'$%$6%,3%'01-$%M%,80&/%/$38$'$16%)8%(0''$1($&,%\%,-%(>B,)/,16%$1%4&$')$&%-$%8,%5&,'',)&$>%-2:%$6%-2:*;%S?9)/60)&$%1,{6%\%8?)1/6,16%'e'$%0g%D-,'%/$%'$6%\%,-%(;D)1/)%(0''$1($%-:/%$1/3)6$%8$/%5+1+&,6)01/%-$%8?90''$>%a%,)1/)%8?90''$%,@,1-011$&,%/01%4:&$%$6%/,':&$�%b;]`!%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%k]^YVm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%]^``>%4;%`X;]`"%K?$/6%8$%(,/%-$%#,23$/%.$&&)-,%-,1/%a%S$%/3448+'$16%-$%(0438$%b>%,80&/%'e'$%23?)8%&$(04)$(0&&$(6$'$16%8?)6,8)23$;%J8%1$%70)6%4,/%8$%6&,7,)8%(&)6)23$%-,1/%8$%-+6,)8%-$%8?+(&)63&$%-$%A$17$1)/6$;%i0)&S*%.()>%4;%!]`%Ü]%o%<*".*.()+#PU>%4;%]_P]V

_!

=&%7(% -0)6%103/% &,44$8$&% 8,% =&%7(% 6$88$%23?$88$% $/6% -+C\%-+B)1)$%4,&%Q,3//3&$;%F6%-+C\

+7)-$''$16% 4$1/+$% 90&/% -?31$% 0440/)6)01% B0//)8$% ,3% (016$13;% S,% B0&'38$% $/6% @)$1

(0113$>% &$4&)/$% $6% 580/+$% 4,&% A$17$1)/6$>% 3*# 3*"./(# ()'# =&%7(# "&"# )/O)'*"2(]`X% É% 8,

8,153$% $/6% =&%7(>% ($% 23)% $/6% 8,% (01-)6)01% -$% 8?,&@)6&,)&$% -3% /)51$>% -$% 8?9)/60)&$>% -$% 8,

4$1/+$%-$%8,%9*3(/%%$6%-3%)Q)';7(0LJC

F1%]^_]>%-,1/%31%13'+&0%-$%8,%&$73$%<*".*.()%0&5,1)/+%4,&%#38),%}&)/6$7,%$1

90'',5$%\%F')8$%A$17$1)/6$>%#,(23$/%.$&&)-,%B,)6%4,&,{6&$%31%,&6)(8$%,3%6)6&$%31%4$3

/3&4&$1,16%M%a%S$%/3448+'$16%-$%(0438$%b;%K$6%,&6)(8$%/$%-011$%(0''$%31$%&+401/$%\

8?,&6)(8$% a%K,6+50&)$/% -$% 4$1/+$% $6% (,6+50&)$/% -$% 8,153$%b>% $6% 8$% '0)1/% 23?01% 43)//$

-)&$>%(?$/6%23?)8%1$%&$1-%4,/%90'',5$%\%A$17$1)/6$;

S?,&6)(8$% -$% A$17$1)/6$>% (0''$% 8?,&6)(8$% a%R:(# m%*77*%-*"# *",# :-)

<*"./*.(%b% -$% Q,4)&>% /?,-&$//$16% 4,&6)(38):&$'$16% ,3% 49)80/049$>% 8$% 403//$16% \

)16$&&05$&%/01%4&04&$%$[$&()($;%G03&%($66$%&,)/01>% 8?,&6)(8$%-$%A$17$1)/6$%,%/3/()6+%-$/

&+,(6)01/% ,//$I% 7)7$/>% 8$/% 483/% (0113$/% +6,16% ($88$/% -$% #,(23$/% .$&&)-,>% -$% G)$&&$

D3@$123$%$6%-$%#38$/%i3)88$')1;%l03/%7$&&01/%23$%($/%(&)6)23$/%/016%6&:/%$1%-$T\%-3

4&040/%-$%A$17$1)/6$>% 6&:/%+6&,15:&$/%\% /01%4&0C$6>%23?$88$/%1$%4$37$16%4,/%$16$1-&$;

#,(23$/%.$&&)-,% )',5)1$% 4,&% $[$'48$% 23$%A$17$1)/6$% +(&)6% a%(016&$%D&)/606$%b]``>% ($

23)% 1?,% 4,/% -$% /$1/>% $6% (&0)6% ,3//)% 23?)8% 6&,7,)88$% \% '016&$&% a%8$/% (016&,)16$/% 4,&

8$/23$88$/%8,%8,153$%5&$(23$%8)')6$&,)6%8$%/H/6:'$%-$/%(,6+50&)$/%,&)/606+8)()$11$/%b]`_;

S$%4&0C$6%-$%A$17$1)/6$%$/6%-$%-+(037&)&%31$%,(6)7)6+% )1(01/()$16$%-$%($83)%23)%4,&8$>

31$%*2'-9-'5>%101%31$%8)')6,6)01>%31%$1B$&'$'$16;%.$&&)-,>%83)>%-,1/%31$%-)/(3//)01%23)

1?,%4,/%8)$3>%1$%($//$%-$%&+4+6$&%23$%8$%8)153)/6$%-0)6%603/%/$/%(01($46/%\%8,%49)80/049)$>

4,&($% 23$% 8,% 49)80/049)$% $/6%,(9*"'% 8,% 8)153)/6)23$]`V;% K$/% 23$&$88$/% -)/()48)1,)&$/% $6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]`X%A$17$1)/6$%+(&)6%a%3(#3*".*.(#()'#=&%7(#"&"#)/O)'*"2(#n+%-,1/%8?$16&$6)$1%,7$(%*3H%.3'3&%403&%<(c&/9(3#!O)(%'9*'(/%>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b%$1%]^`V%kK<m+#P>%4;%"]m;%K$66$%a%$&&$3&%b%23)%1?$1$/6%4,/%7&,)'$16%31$>%B,)6%C3/6$%,44,&,{6&$%23$%4,&B0)/%-,1/%8,%6$&')10805)$%/,3//3&)$11$>%8$%3*".*.(%$/6%8,5+1+&,8)/,6)01%-$%8,%3*"./(;%i0)&%\%($%/3C$6%8,%a%4&$'):&$%(01B+&$1($%\%8?31)7$&/)6+%-$%*$1:7$%bk107$'@&$%]V^]m>%&$4&0-3)6$%-,1/%8$/%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%0g%Q,3//3&$%+(&)6%106,''$16%Ma%S,153$%$6%8,15,5$%1$%/016%23?31$%'e'$%(90/$%h%8?31%$/6%8,%5+1+&,8)/,6)01%-$%8?,36&$;%b>%k12%-')#,(3-"./-)'-4/(#.5"5%*3(>%4;%]X`m;]`Y%K$()%$/6%,3//)%)'48)23+%4,&%8,%4$1/+$%-$%8,%B0&'$%(9$I%Q,4)&>%/,%4$1/+$%-$%3AG"2&")2-&/)#$*''(%"-".;]``%S*%.()>%4;%!!Z%o%<*".*.()+#PU>%4;%!Z;]`_%S*%.()>%4;%!]X%o%<*".*.()+#PU>%4;%]`;]`V%K$()%&$7)$16%/,1/%($//$>%a%8,%106)01%-$%/H/6:'$%~�Ä%1?,3&,)6%C,',)/%+6+%40//)@8$%90&/%-$%8?9)/60)&$%k$6m-$/%(01($46/%-$%8,%'+6,49H/)23$%b%kS*%.()>%4;%!]`o%<*".*.()+#PU>%4;%]_m%h%a%/$38$'$16%-?)1-)23$&%31$[$'48$%-$/%,40&)$/%-,1/%8$/23$88$/%01%/$'@8$16%/?$15,5$&%-:/%23?01%/?,44&e6$%\%-+B)1)&%8$/%(016&,)16$/23)%8)')6$16%8$%-)/(03&/%49)80/049)23$%h%(?$/6%\%($83)P()%23?01%-0)6%$'4&316$&%8$%106)01/%101%(&)6)23+$/23?01%,448)23$%\%/,%-+8)')6,6)01;%b%kS*%.()>%4;%!]Y%o%<*".*.()>%!X>%4;%]_m%h%%a%8$%'06%s4$1/+$t%23$A$17$1)/6$%36)8)/$%(0''$%/)%/,%/)51)B)(,6)01%$6%/01%9)/60)&$%,88,)$16%-$%/0)>%1?,H,16%$1%6036%(,/%C,',)/%&)$1

_"

4&0'06&)($/% -?31$% 9)+&,&(9)$>% ,16+&)0&)6+% $6% ,360&)6+% -,1/% 8,% 4$1/+$>% ,44,&,)//$16

(016&$P4&0-3(6)7$/%$6%80)1%-$/%-)/(3//)01/%037$&6$/%4,&%A$17$1)/6$;

z3$/6)01% -$% 4$1/+$>% 8,% 4$1/+$>% 8$%'06% a%4$1/+$%b% 23$%A$17$1)/6$% 36)8)/$% (0''$% /)% /,/)51)B)(,6)01% $6% /01% 9)/60)&$% ,88,)$16% -$% /0)>% 1?,H,16% $1% 6036% (,/% C,',)/% &)$1% 70383% -)&$90&/%-$%/01%&,440&6%\%8?e6&$>%\%8,%7+&)6+%-$%8?e6&$%6$8%23?)8%$/6%$6%$1%6,16%23?)8%$/6%k-)6m;]`^

S,% 4$1/+$% $/6% )()% 4&)/011):&$% -?31$% 0160805)$;% .$&&)-,% ')'$% 31$% 4$1/+$% -3

8,15,5$%$1%'$66,16%$16&$%4,&$169:/$/%$6%(0''$%/03/P$16$1-3%-,1/%($66$%0160805)$>%8$

-)/(03&/M% a%$1% 6,16% 23?)8% $/6% k-)6m%b%h%',)/% 70H01/% 8,% ',1):&$% -016% .$&&)-,% 4,&8$% -3

8,15,5$%M

S,%(,6+50&)$%$/6%31$%-$/%',1):&$/%403&% 8?a%e6&$%b%-$%/$%-)&$%03%-$%/$%/)51)B)$&>%(?$/6P\P-)&$%-?037&)&% 8,% 8,153$%\%/01%-$90&/>%\%($%23)%$/6%$1% 6,16%23?)8%$/6%03% 6$8%23?)8%$/6>%\% 8,7+&)6+;% a%F6&$%b% /$% -011$% C3/6$'$16% -,1/% 8$% 8,15,5$% (0''$% ($% 23)% 8?037&$% ,3% 101P8,15,5$>%,3P-$8\%-$%($%23)%1$%/$&,)6%23$%8$%-$-,1/%ka%/3@C$(6)B%b>%a%$'4)&)23$%b%,3%/$1/,1,(9&01)23$%-$%($/%'06/m%-?31$%8,153$;]_Z

U1% 8,15,5$%a%/3@C$(6)B%b>%a%$'4)&)23$%b% k,3%/$1/%,1,(9&01)23$%pm%0440/+%\%31

a%-$90&/%b>%31%a%101P8,15,5$%b%23)%$/6% 8?31)7$&/%-$% 8?e6&$>%-$% 8,%7+&)6+>%-$% 8?31)7$&/$8;

f1%/$%-$',1-$%+5,8$'$16%8$%/$1/%-$/%&+B8$[)B/%ka%31$%-$/%',1):&$/%403&%8?a%e6&$%b%-$

)(#,-%(%03%-$%)(#)-."-=-(%%bm%h%01%1?,%4,/%8?)'4&$//)01%)()%23?)8%/0)6%@$/0)1%403&%.$&&)-,

-$%/3C$6%403&%23$%8?e6&$%/$%-)/$>%/$%/)51)B)$%h%(?$/6%31%a%/3&5)//$'$16%b>%(0''$%)8%8?+(&)6

483/%9,36%M%a%D&)/606$%,%6$16+%-$%&$(01-3)&$%8?,1,8H/$%C3/23?,3%8)$3%-$%/3&5)//$'$16>%/0)6

\%8,%&,()1$%(0''31$%-3%(0348$%8,153$%o%4$1/+$;%K$%8)$3%$/6%($83)%-$%8?%se6&$t%b]_];

#,(23$/%.$&&)-,>%23)% (&0)6% -01(%23$%A$17$1)/6$% +(&)6%2&"'%(#F%-)'&'(>% )',5)1$

+5,8$'$16% 23$% ($83)P()% 23,8)B)$% D&)/606$% -?%a%)1(01/()$16%b% $6% 8?,((3/$

-?a%$'4)&)/'$%b]_!;%K?$/6%($66$%23$/6)01P8\%23)%7,%103/% &$6$1)&;%G)$&&$%D3@$123$%-+C\

+(&)7,)6%M%a%J8%B,36%-01(%&$101($&%\%)'436$&%\%D&)/606$%31$%4&+6$1-3$%s)1(01/()$1($t%-$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%70383%-)&$%90&/%-$%/01%&,440&6%\%8?e6&$>%\%8,%7+&)6+%-$%8?e6&$%6$8%23?)8%$/6%$6%$1%6,16%23?)8%$/6%k-)6m%b%kS*%.()>4;%!]V%o%<*".*.()+#PU>%4;%]^m%h%a%J()>%4,&%$[$'48$>%,3(31%-$/%(01($46/%36)8)/+/%4,&%A$17$1)/6$%1?,3&,)$1673%8$%C03&>%1)%8,%8)153)/6)23$%(0''$%/()$1($>%1)%8,%106)01%'e'$%-$%8,153$>%/,1/%6$8%4$6)6%a%-0(3'$16%b/3&%8$/%(,6+50&)$/;%S,%49)80/049)$%1?$/6%4,/%/$38$'$16%,(9*"'%8,%8)153)/6)23$%(0''$%01%4$36%/$%6&037$&("#=*2(%-?31$%1037$88$%/()$1($>%&$5,&-%03%0@C$6%h%$88$%$/6%,3//)%,(9*"'%$88$>%8,%4&+(+-,16%-$%603/%8$/(01($46/%23?$88$%83)%B03&1)6%$1(0&$>%403&%8$%'$)88$3&%$6%403&%8$%4)&$%~�Ä%b%kS*%.()>%4;%!!Y%o%<*".*.()+PU>%4;%!Xm>%$6(;]`^%S*%.()>%4;%!]V%o%<*".*.()+#PU>%4;%]^]_Z%S*%.()>%4;%!]V%o%<*".*.()+#PU>%4;%]^;]_]%S*%.()>%4;%!]V%o%<*".*.()+#PU>%4;%]^;]_!%a%K$66$%,((3/,6)01%-?$'4)&)/'$%$/6%&$4&)/$%4,&%<$5$8>%G&,168>%<,'$8)1%b>%S*%.()>%4;%!!"%o%<*".*.()>!X>%4;%!!;

_X

&,440&6/% -$% /01% 0160805)$% ,3% 8,15,5$;%b]_"%h% .$&&)-,>% 83)>% )&01)23$'$16% +(&)6%M

a%sJ1(01/()$''$16t>%$6%/,1/% 8?,70)&%70383>% )8%,3&,)6%4&)/% 8,%s(8,//$%-$/% B0&'$/%t>% 6$88$

23$% 8?0BB&$% 8$% /H/6:'$% -$% 8,% 8,153$>% 403&% 8$% /H/6:'$% -$% 8?$[4&)'+% 03% -$

8?$[4&)',@8$b]_X>%$6%483/% 80)1>%a%S,%4$1/+$%1?$/6%4,/% 8,% 8,153$>%/"(% 8,153$%/$'@8$% )()

,-'$66&$%A$17$1)/6$;%=,)/%D&)/606$%/?$/6%B,)6%)883/)01%("#$%*'-4/(%M%4,&($%23?)8%,%(&3%\

31$% '*O3(%$6% /3&6036%4,&($%23$>%4,&% )1(01/()$1($%$6%$'4)&)/'$>% )8%,%(01B01-3%($%23?)8

,3&,)6%-c%-)/6)153$&%b]_Y;%#;%.$&&)-,>%(0''$%G;%D3@$123$>%(01B01->%103/%,8801/%8$%70)&>

8?-"2&")2-("'% $6% 8?)1(01/()$1($>%31%4&)1()4$%7)6,8% $6%31% &$4&0(9$%'0&,8;%K,&%$1%7+&)6+>

A$17$1)/6$%1$%&$4&0(9$%&)$1%\%D&)/606$>%1$%&$4&0(9$%-,1/%603/%8$/%(,/%,3(31$%,@/$1($

-$%-)/($&1$'$16%-$%/,%4,&6;%a%J1(01/()$16%b>%a%)1(01/()$''$16%b>%a%$'4)&)23$%b%-,1/%8$

6$[6$% -$% A$17$1)/6$% /016% 8$/% 6$&'$/% B0&6/% -?31$% 69+0&)$% -3% 8,15,5$>% -?31$

,169&040805)$;%F6&,15$'$16>%8,%8$(63&$%-$%.$&&)-,%103/%4$&'$6>%-,1/%8,%(016&,-)(6)01%$6

-,1/% 8$% &$5,&-% ,)1/)% 40/+% /3&% -$/% -+6,)8/% -$% B0&'38,6)01>% -?,4$&($70)&% 8?+(&)63&$% -$

A$17$1)/6$% -,1/% /,% (9,&5$% 69+0&)23$>% /,% 4&+()/)01>% -?,4$&($70)&% 4,&% $[$'48$% ($/

6$&'$/>% a%)1(01/()$16%b% 03% a%$'4)&)23$%b>% -016% 8?)'40&6,1($% $/6%',)16$1,16% +7)-$16$>

',)/%23$%4$36Pe6&$%01%1?,3&,)6%,36&$'$16%4,/%6,16%&$',&23+$;%kU1$%(90/$%/$'@8,@8$%/$

4,//,)6%80&/23$%C$%6&,7,)88,)/%,7$(%8$/%6&,-3(6)01/%$&&01+$/%-$/%+(&)6/%-$%Q,4)&m;%K$%23?)8

H% ,% -?+6011,16% -,1/% 8$/% 8$(63&$/% (&)6)23$/% 4&040/+$/% 4,&% G;% D3@$123$% $6% #;% .$&&)-,>

(?$/6% 23?)8/% 1?016% 4,/% $3% 31% /$38% )1/6,16% 8?)163)6)01% 23$% ($% 6$&'$% -?a%)1(01/()$16%b

4037,)6% e6&$% &,44&0(9+% -$% 8,% &+B8$[)01% /3&% 8?-"2&")2-("'0# F1% ]^_]>% (0''$16% 1$% 4,/

$16$1-&$% ($% 6&,7,)8% ,80&/%'e'$% 23$% 8,% 4/H(9,1,8H/$% $/6% 0'1)4&+/$16$%p%D3//)% 5&,7$>

4$36Pe6&$% -,7,16,5$% 7$1,16% -?31% 49)80/049$>% $/6% -?$16$1-&$% 8$% 6$&'$% a%$'4)&)23$%b

(0''$% 4+C0&,6)B% 80&/23$% A$17$1)/6$% 8$% -)6% 403&% 4,&8$&% -?D&)/606$>% ,80&/% 'e'$

23?D&)/606$% B01-$% 8?(7$-%-)7(>% 31$% 69+0&)$% -$% 8,% (011,)//,1($% -,1/% 8,23$88$>% \

8?)17$&/$%-3%48,601)/'$>%8?$[4+&)$1($%$/6%4&$'):&$;%f1%/$%/037)$16%-$%($66$%B0&'38$%23)

7$1,)6%(80&$%8?,&6)(8$%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%$1%]^`X%M%a%"-:-3#()'# -"

8)153,#4/&,#"&"#$%-/)# =/(%-'# -"#0&,6)01$%b]_`>%23)%(,823,)6%($66$%a%B0&'38$%(8,//)23$%b>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]_"%G)$&&$%D3@$123$>%a%D&)/606$%$6%8$%8,15,5$>%106$%,11$[$%/3&%8$/%(,6+50&)$/%-?D&)/606$;%D%4&040/%-?31,&6)(8$%-$%=;%A$17$1)/6$%b>%)1%F""*3()#,(#3*#=*2/3'5)#,()#<(''%()#,AF-N>%6;%WSJJJ>%]^`Y>%4;%]ZX;]_X%S*%.()>%4;%!!Vo%<*".*.()>%PU>%4;%!`;]_Y%S*%.()>%4;%!^%o%<*".*.()>%!X>%4;%!_;]_`%F')8$%A$17$1)/6$>%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%k]^`Xm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%]"];

_Y

,&)/606+8)()$11$>%4&)1()4$%-$%8,%4$1/+$%-$%8?$'4)&)23$>%a%"-:-3#()'#-"#-"'(33(2'/#4/&,#"&"

$%-/)#=/(%-'#-"#)(")/%b]__;

i0)()%8$/%-$3[%4,//,5$/%-$%8?,&6)(8$%-$%A$17$1)/6$%0g%103/%6&03701/%8$/%6$&'$/

a%)1(01/()$16%b%$6%a%)1(01/()$''$16%b%h%8$%4&$')$&%4,//,5$%037&$%8?,&6)(8$%$6%8$%/$(01-

/3)6%)''+-),6$'$16%8?,1,8H/$%/3(($//)7$%-$/%(,6+50&)$/%-?D&)/606$%kC$%/038)51$m%M

l03/% B,)/01/% -$% 8,% 8,153$% 23$% 103/% 4,&801/% -$/% 3/,5$/% )1B)1)'$16% 7,&)+/>% -016% 8,/$38$% +13'+&,6)01% -$7&,)6% e6&$% (0$[6$1/)7$% \% 31$% 8)/6$% -$/% ,(6)7)6+/% 0g% 4$36% /?$15,5$&8?$/4&)6% 93',)1;% .,1/% 8$3&% -)7$&/)6+>% ($/% 3/,5$/% 016% ($4$1-,16% -$3[% (,&,(6:&$/% $1(0''31;%S?31%$/6%23$%8,%&+,8)6+%-$%8,%8,153$%H%-$'$3&$%$1%&:58$%5+1+&,8$%!"#$"%#!&"'&%h90&')/%8$%(,/%-?+63-$%4&04&$'$16%8)153)/6)23$>%103/%1?,701/%,3%483/%23?31$%#$"%#!&"#&B,)@8$%$6%B35)6)7$%-$/%04+&,6)01/%23$%103/%,((0'48)//01/%403&%4,&8$&;%S?,36&$%$/6%23$>%/),@/6&,)6$/% 03% /)% 4,&6)(38):&$/% 23$% /0)$16% 8$/% 04+&,6)01/% -$% 8,% 4$1/+$>% $88$/% &$T0)7$16$[4&$//)01%-,1/%8,%8,153$;%l03/%403701/%6036%-)&$>%$6%103/%403701/%8$%-)&$%(0''$%103/703801/;%.$%8\%4&0(:-$%($66$%(017)(6)01>%8,&5$'$16%&+4,1-3$%$6%$88$P'e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e'$% -3% 8,15,5$% $/6&$/401/,@8$;%b]_V~�Äa%F1%+8,@0&,16%($66$% 6,@8$%-$/%a%(,6+50&)$/%b>%D&)/606$%,7,)6%$1%73$%-$% &$($1/$&% 603/

8$/% 4&+-)(,6/% 40//)@8$/% -$% 8,% 4&040/)6)01>% /03/% ($66$% (01-)6)01% 23$% (9,23$% 6$&'$% Bc6/)51)B),16%\%8?+6,6%)/08+>%101%$15,5+%-,1/%31$% â >%-,1/%31%/H16,5'$%-)&)01/P103/;("#$"%#!&))&"'%)8%,%4&)/%403&%(&)6:&$%8,%1+($//)6+%&)*!+!,-&%-?31$%(N$%())-&"#-)/6)1(6$403&% (9,(31% -$/% 4&+-)(,6/;% J8% +6,)6% -01(% 703+% \% &$6&037$&% /,1/% 8?,70)&% 70383% 8$/-)/6)1(6)01/% 23$% 8,% 8,153$% 'e'$% ',1)B$/6$% $16&$% 8$/% 4&)1()4,8$/% (8,//$/% -$% B0&'$/>43)/23$% (?$/6% 4,&% 8$3&/% -)BB+&$1($/% 23$% ($/% B0&'$/% $6% ($/% (8,//$/% 016% 31$% /)51)B)(,6)018)153)/6)23$;% J8% 4$1/,)6% -+B)1)&% 8$/% ,66&)@36/% -$/% 0@C$6/%h% )8% 1$% 40/$% 23$% -$/% e6&$/8)153)/6)23$/%M% (?$/6% 8,% 8,153$% 23)>% 5&|($% \% /$/% 4&04&$/% (,6+50&)$/>% 4$&'$6% -$% 8$/&$(011,{6&$%$6%-$%8$/%/4+()B)$&;]_^

f1%$/6%',)16$1,16%')/%B,($%\%($66$%(016)13)6+%23?01%1?,3&,)6%4$36Pe6&$%4,/%73$

,36&$'$16;%f1%4037,)6%$1%$BB$6%/$%-$',1-$&%403&230)%($66$%&+B8$[)01%/3&%31%-"2&")2-("'

7$1,)6%,)1/)%037&)&%8?,&6)(8$%-$%A$17$1)/6$;%l03/%6&03701/%8?,'0&($%-?31$%&+401/$%-,1/

($66$% &$4&)/$;% f1% 8$% 70)6% ',)16$1,16% $6% -$% ',1):&$% @)$1% ,//3&+$>% ($66$% 23$/6)01% -$

8?)1(01/()$16%(01/6)63$%8$%(v3&%-3%4&040/%-$%A$17$1)/6$>%$6%-$%/,%-+(037$&6$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]__%.,1/%8$%H(#Y(%-'*'(>%01%6&037$%8,%B0&'38,6)01%M%a%l)9)8%$/6%)1%)16$88$(63%230-%101%/)6%4&)3/%)1%/$1/3%b%MQ,)16%O90',/%-nD23)1>%H(#Y(%-'*'(%kZ/*()'-&"()#,-)$/'*'*(#,(#9(%-'*'(m>%2;%!>%,&6%">%,&5%]^;%i0)&9664MooEEE;(0&43/690')/6)(3';0&5o2-7Z!;96'8%h%7+&)B)+$%8$%!Y;Z^;ZV;]_V%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%k]^YVm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%`";

_`

A$17$1)/6$% -)/6)153$% 8?)1(01/()$16% 8)153)/6)23$% \% 8?v37&$% 80&/23$% 23$823?31

4,&8$>%$6%8,%(01/()$1($%23$%8$%8)153)/6$%4&0-3)6%-,1/%/01%,44&0(9$%-3%8,15,5$;%%.$&&)-,

70)6%,)1/)%$1%A$17$1)/6$%8$%4&0'06$3&%-?31$%/0&6$%-$%a%-03@8$%7+&)6+%b;%J8%H%,3&,)6%31$

+8)6$%/,7,16$%23)>%-,1/%31%&,440&6%)''+-),6%,3[%(90/$/>%-+6)$1-&,)6%8,%7+&)6+>%$6%-$/%)1P

(01/()$16/%23)%7)7&,)$16%/,1/%/$%-036$&%-$%($66$%7+&)6+%23)%403&6,16%$/6%8,%8$3&;%.$&&)-,

+(&)6%$1%$BB$6>%101%/,1/%)&01)$%M

K?$/6%,)1/)%23$%A$17$1)/6$%-+B)1)6%8?04+&,6)01%-"2&")2-("'(%-?D&)/606$%$6>%)17$&/$'$16>%8$-+(0-,5$%/H'+6&)23$%,323$8%)8%/$%8)7&$%83)%(01/()$''$16;%]VZ~�ÄS$% 8)153)/6$% 6&,1/(&)6%-01(%$1% 6$&'$/%-$% 8,153$%($%23$% 8$%49)80/049$%,7,)6%,34,&,7,16>a%)1(01/()$''$16%b>%'%*")$&)5>%$%&@('5%-$%8,%8,153$%$1%6$&'$/%-$%4$1/+$;%]V]%

J8% $/6% +7)-$16% 23$%A$17$1)/6$% 1$% /$% 4$1/$% 4,/%$3/)# 2&")2-("'% 23?D&)/606$>% 483/

(01/()$16%23$%23)(0123$;%K$%1?$/6%4,/%-$%($%6H4$%-$%a%(01/()$1($%b%-016%)8%4,&8$>%31$

4&)7,6)01%-$%(01/()$1($%23)%$1%'e'$%6$'4/%/$&,)6%31$%-+6$16)01%-3%/,70)&%4,&%23$823$/

31/;% K0''$% 103/% 8?,701/% 73% \% 8?)1/6,16>% A$17$1)/6$% ,% 31$% ,36&$% 69+0&)$% -$% 8,

(011,)//,1($>%23)%$/6%31$%69+0&)$%-3%8,15,5$;%K$%23?)8%H%,%-?)1(01/()$16%(9$I%D&)/606$

$/6%8?)1(01/()$16%-$%(9,23$%)1/6,16>%)'48)23+%4,&%8$%8,15,5$;%S0&/23$%A$17$1)/6$%+(&)6%M

a%J1(01/()$''$16% )8% ,% 4&)/% 403&% (&)6:&$% 8,% 1+($//)6+% $'4)&)23$% -?31$% (N$%())-&"

-)/6)1(6$%403&%(9,(31%-$/%4&+-)(,6/;%J8%+6,)6%-01(%703+%\%&$6&037$&%/,1/%8?,70)&%70383%8$/

-)/6)1(6)01/% 23$% 8,% 8,153$% 'e'$% ',1)B$/6$% $16&$% 8$/% 4&)1()4,8$/% (8,//$/% -$% B0&'$/>

43)/23$%(?$/6%4,&%8$3&/%-)BB+&$1($/%23$%($/%B0&'$/%$6%($/%(8,//$/%016%31$%/)51)B)(,6)01

8)153)/6)23$%b>%)8%-+(&)6%($%23)%/$%4,//$%/,1/%($//$;%K$%1?$/6%4,/%/$38$'$16%23?D&)/606$

,3&,)6%4,&6)(38):&$'$16%(01B01-3%$16&$%8,%4$1/+$%$6% 8$%8,15,5$>%(&0H,16%4&0-3)&$%-$%8,

4$1/+$%$6%03@8),16%23?)8%+6,)6%C3/6$%$1%6&,)1%-$%4,&8$&%/,%8,153$;%K$%23$%A$17$1)/6$%70)6>

(?$/6%($%23?31$%,1,8H/$%8)153)/6)23$%$6%(3863&0805)23$%4$&'$6%-$%'$66&$%,3%C03&>%-,1/%8,

-)/6,1($%$6%8,%&$1(016&$;%D&)/606$%1?$/6%4,/%(01/()$16%-$%2(#4/A-3#=*-'>%-$%($%23?)8%$/6%$1

6&,)1%-$%-+(037&)&>%(0''$%103/P'e'$/%80&/23$%103/%4,&801/%M%a%103/%1?,701/%,3%483/

23?31$% (01/()$1($% B,)@8$% $6% B35)6)7$% -$/% 04+&,6)01/% 23$% 103/% ,((0'48)//01/% 403&

4,&8$&%b;%K?$/6%,3//)%106&$%)1(01/()$16%\%103/>%106&$%&$5,&-%23)%103/%$/6%&$1-3%-,1/%($

&$5,&-% -?D&)/606$% /3&% 8$% '01-$>% -,1/% ($66$% 5&,'',)&$% 23?)8% +(&)6% -$% ',1):&$

)1(01/()$16$;% f1% $/6% 80)1% -$% 8?,66)63-$% % 40/)6)7)/6$>% &+,8)/6$% 23$% .$&&)-,% )'436$% \

A$17$1)/6$;% S?-"2&")2-("'% 23$% 4&040/$% -$% 4$1/$&% A$17$1)/6$% $/6% 31% ,16)-06$% ,3%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]_^%IO-,;>%4;%_Z;]VZ%S*%.()>%4;%!!`%o%<*".*.()+#PU>%4;%!X;

__

&+,8)/'$;%<$1&)%=$/(9011)(>% -,1/%K&5'-4/(# ,/# '%*,/-%(>% +(&)6% -?31$%',1):&$% 23)% $/6

4&0(9$%-$%($88$%-$%A$17$1)/6$%M%a%K?$/6%8?,5)&%-3%8,15,5$;%J8%,5)6%/3&%103/%'e'$%/)%103/

1$%/,701/%4,/%($%23?)8%103/%B,)6;%J8%8$%B,)6;%F6%)8%&$(0''$1($;%F6%01%1?$1%/,)6%4,/%483/

23$>%/3&%8$%48,1%-$%8,%8,153$>%8$%80(36$3&%1$%/,)6%$6%1?,%@$/0)1%-$%/,70)&%(0''$16%$88$

B01(6)011$%403&%8,%4,&8$&%b]V!;

S,% 8$(63&$% (03&,''$16% B,)6$% -$% 8?,&6)(8$% -$% A$17$1)/6$]V">% 23)% $/6% ($88$% -$% #;

.$&&)-,>% $6% 23)% 7,% -)&$% 23$% a%A$17$1)/6$% ,% ,1,8H/+% -,1/% sK,6+50&)$/% -$% 4$1/+$% $6

(,6+50&)$/% -$% 8,153$t% 8$/% (016&,)16$/% 4,&% 8$/23$88$/% 8,% 8,153$% 5&$(23$% 8)')6$&,)6% 8$

/H/6:'$% -$/% (,6+50&)$/% ,&)/606+8)()$11$/%b]VX>% 1$% 70)6% 4,/% ($66$% -H1,')23$% 23$

A$17$1)/6$%-+(037&$>%31$%-H1,')23$%23)%4$&'$6%-$%-+4,//$&%8?0440/)6)01%-$%8,%8,153$

$6% -$% 8,% 4$1/+$;% K$66$% -H1,')23$>% (?$/6% 8,% 4$1/+$% -3% ,-)2&/%);% S,% 4$1/+$% -$% 8,

/3@C$(6)7)6+%-,1/%8$%8,15,5$;

#,(23$/% .$&&)-,% +6,@8)6% 31% 8)$1% $16&$% 8,% B0&'38,6)01% -?31% )1(01/()$16% -$% 8,

8,153$%4,&%A$17$1)/6$%$6%31$%B0&'38$%@)$1%(0113$>%,66&)@3+$%\%R$&-)1,1-%-$%Q,3//3&$%M

A$17$1)/6$%4,&6%-?31%($&6,)1%10'@&$%-$%(,&,(6:&$/%5+1+&,8$'$16%&$(0113/%\%8,%8,153$>%,3%'0)1/-$43)/%Q,3//3&$;%F1%4&$')$&% 8)$3>%a%8,% &+,8)6+%-$% 8,% 8,153$%b%$/6%a%)1(01/()$16$%b>% ($%23)% &$C0)16

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]V]%S*%.()>%4;%!!`%o%<*".*.()+#PU>%4;%!Y;]V!%<$1&)%=$/(9011)(>%K&5'-4/(#,/#'%*,/-%(>%i$&-)$&>%S,5&,//$>%]^^^>%4;%]XZP]X];]V"%U1%,36&$%$[$'48$%-$%($66$%8$(63&$%-,1/%8$%8)7&$%-$%QH87,)1%D3&03[>%#,(23$/%.$/(9,'4/%$6%.C,'$8}03803598)>%<*#$:-3&)&$:-(#,/#3*".*.(>%GUR>%G,&)/>%!ZZX>%4;%]XZP]X]%M%a%S,%4&$'):&$%69:/$%-$A$17$1)/6$%(01/)/6$%\%/036$1)&%23$%8?,1,8H/$%(,6+50&)$88$%$/6%)1/4)&+$%-$%8,%/6&3(63&$%/4+()B)23$%-$%8,8,153$%5&$(23$;%~�Äo%S,%/$(01-$%69:/$%-$%A$17$1)/6$%(01/)/6$%\%/036$1)&%23$>%8$/%(,6+50&)$/,&)/606+8)()$11$/%+6,16%8$/%(,6+50&)$/%-$%8,%8,153$%5&$(23$>%8$/%(,6+50&)$/%-$%4$1/+$%/016%$1%B,)6%-$/(,6+50&)$/%-$%8,153$%$6>%4,&%(01/+23$16>%$88$/%/016%8)')6+$/%,3%5&$(;%K$&6,)1/%49)80/049$/%016%&+,5)7)08$''$16%(016&$%($66$%69:/$%h%$88$%$16&,{1$>%$1%$BB$6>%-$3[%(90/$/%23$%@$,3(034%1$%/039,)6$16%4,/%M%8$%(3*'-9-)7(%8)153)/6)23$>%)16$&4&+6+%(0''$%31%,5'(%7-"-)7(%8)153)/6)23$>%$6>%-$)&#=*2'&>%8,%&$8,6)7)/,6)01-$/%B01-$'$16%-$%8,%'+6,49H/)23$%0(()-$16,8$%b;%K$%6H4$%-$%8$(63&$%$/6%6&:/%B&+23$16%h%8$%483/%/037$16%01,C036$%A$17$1)/6$%,3%-0//)$&%-3%a%&$8,6)7)/'$%8)153)/6)23$%b%,3[%(w6+/%-$%8,%4&+6$1-3$%a%<H4069:/$Q,4)&PÇ90&B%b>%23)%1?,%&)$1%-$%(0''31%,7$(%8$%6&,7,)8%-$%Q,4)&%$6%/,I%403&/3)6$%(9$I%Ç90&B;

.,1/%8?)16&0-3(6)01%,3%6$[6$%-$/%B*'5.&%-()%4,&%R&+-+&)23$%J8-$B01/$%$6%#$,1%S,8806%,3[%+-)6)01/-3%Q$3)8%k(088$(6)01%a%G0)16/%b>%!ZZ!m>%103/%403701/%8)&$%a%l03/%703-&)01/%6$16$&%-$%B,)&$%8$%40)16%/3&31$%23$/6)01%B0&6%-+@,663$%(9$I%8$/%'0-$&1$/>%($88$%-$%/,70)&%/)%$6%C3/23?\%23$8%40)16%01%-0)6%,-'$66&$23$%8,%-0(6&)1$%,&)/606+8)()$11$%-$/%(,6+50&)$/%$/6%6&)@36,)&$%-3%B,)6%23?D&)/606$%4,&8,)6%$6%4$1/,)6%$1%5&$(%bk4;%!"m>%a%A$17$1)/6$>%23)%/036)$16%31$%69:/$%/3&%8$%&,440&6%$16&$%8,153$%$6%4$1/+$>%'$6%8?,(($16%-$',1):&$%&+4+6+$%/3&%31$%/0&6$%-$%-+6$&')1)/'$%8)153)/6)23$%b%k4;%!`m;

F1B)1>%,36&$%$[$'48$%-?31$%)1(0'4&+9$1/)01>%($88$%-$%G,38%L)(0$3&>%+(&)7,16%$1%]^_Y%-,1/%<*75'*$:&%(#9-9(>%a%S,%(0&&+8,6)01%+6,@8)$%4,&%F;%A$17$1)/6$%$/6%)1-)/(36,@8$>%,3//)%80156$'4/%23?01(01/)-:&$%/$38$'$16%8$%6&,C$6%23)%7,%-$/%(,6+50&)$/%-?D&)/606$>%6$8%23$%($83)P()%8$/%+13':&$>%$1%-)&$(6)01-$/%(,6+50&)$/%-$%8,153$;%=,)/%23?$1%$/6P)8%-3%6&,C$6%)17$&/$%p%b%k<*#75'*$:&%(#9-9(>%Q$3)8>%G,&)/>4;%"!Vm>%($66$%23$/6)01%1?,H,16%C3/6$%,3(31%/$1/;]VX%S*%.()>%4;%!]X%o%<*".*.()+#PU>%4;%]`

_V

,3//)%@)$1%6$88$/%4&040/)6)01/%-$%Q,3//3&$%23,1-%,3%B,)6%23$%a%8,%8,153$%1?$/6%4,/%31$%B01(6)01%-3/3C$6%4,&8,16%b;%]VY

K$66$%B0&'38$%0@/(3&$%,66&)@3+$%\%Q,3//3&$>%a%8,%8,153$%1?$/6%4,/%31$%B01(6)01%-3

/3C$6% 4,&8,16%b% /$% 6&037$% -,1/% 8$% B&/%)# ,(# 3-"./-)'-4/(# .5"5%*3(>% 4,5$% "Z;% #$% -0)/

)''+-),6$'$16% -)&$>% 'e'$% /)% ($% 1?$/6% 4,/% -)&$(6$'$16% '01% 4&040/% )()>% 23$% ($66$

49&,/$%6&:/%1+@38$3/$%1$%&$//$'@8$%$1%&)$1%\%8,%4$1/+$%-$%Q,3//3&$>%1)%-,1/%/01%49&,/+

1)% -,1/% /01% 4&0C$6;% S?+-)6)01%F158$&% k]^`_m% B,)6% ,44,&,{6&$% (0''$% 40)16% -$% -+4,&6% \

8?+(&)63&$%-$%A,)88H%$6%Q+(9$9,H$%-?,36&$/%49&,/$/%@)$1%80)16,)1$/;

S?+-)6)01%-$%]^]`%k8?+-)6)01%-3%B&/%)m%-011$%M

S,%8,153$%1?$/6%4,/%31$%B01(6)01%-3%/3C$6%4,&8,16>%$88$%$/6%8$%4&0-3)6%23$%8?)1-)7)-3$1&$5)/6&$%4,//)7$'$16%h%$88$%1$%/3440/$%C,',)/%-$%4&+'+-)6,6)01>%$6%8,%&+B8$[)01%1?H)16$&7)$16%23$%403&%8?,(6)7)6+%-$%(8,//$'$16%-016%)8%/$&,%23$/6)01%4;%]_`%/7;]V`

.,1/%8?+-)6)01%(&)6)23$%4&040/+$%4,&%L3-08B%F158$&>%70)()%($%23?)1-)23$16%8$/

(,9)$&/%-$/%+63-),16/>%(08011$/%!>%">%X>%Y%M

K08011$%!%M!XY%~S,153$%MÄ%K*))-9(%$6%&+/)-,16%-,1/%8,%2&33(2'-9-'5;%K0-$%/0(),8%0&5,1)/,16%8$%8,15,5$$6%B0&',16%8?036)8%1+($//,)&$%\%8?$[$&()($%-$%8,%B,(386+%-3%8,15,5$;

K08011$%"%M!XX%Ñ%,P6P)8%31$%B01(6)01%1,63&$88$%-3%8,15,5$%p!XY%~S,153$%MÄ%G,//)7$%$6%&+/)-,16%-,1/%8,%(088$(6)7)6+>%(0-$%/0(),8%0&5,1)/,16%8$%8,15,5$>B0&',16%8?036)8%1+($//,)&$%\%8?$[$&()($%-$%8,%B,(386+%-3%8,15,5$;

K08011$%X%M!XX%Ñ%,P6P)8%31$%B01(6)01%1,63&$88$%-3%8,15,5$%p%l03/%-)/)01/%23$%8,%8,153$%$/6%8?0&5,1$1+($//,)&$%$6%/+4,&,@8$%-$%($66$%B01(6)01;%Q)%103/%/+4,&01/%8,%8,153$%-3%&$/6$>%103/403701/%,70)&%($%/(9+',%M%~70)&%KS*oFÄ!XY%~S,153$%MÄ%G,//)7$>%$6%&+/386,16%-$%8,%(088$(6)7)6+;%K0-$%/0(),8%0&5,1)/,16%$6%B0&',168?036)8%1+($//,)&$%\%8?$[$&()($%-$%8,%B,(386+%-3%8,15,5$;

K08011$%Y%M!XX%G"#*7(",(7("';%l03/%,701/%4,&8+%-?)1/6)1(6%-3%8,15,5$;%l03/%,3&)01/%-c%-)&$%M%Ñ%,P6P)8%31$%B01(6)01%1,63&$88$%-3%8,15,5$%p%z3?$88$%/0)6%1,63&$88$%03%101%8,%8,153$%-$'$3&$(0''$%8?036)8%1+($//,)&$%\%8,%B,(386+%-3%8,15,5$;!XY%~S,153$%MÄ%G,//)7$%$6%&+/)-,16%-,1/%8,%(088$(6)7)6+;%K0-$%/0(),8>%0&5,1)/,16%8$%8,15,5$$6%B0&',16%8?036)8%1+($//,)&$%\%8?$[$&()($%-$%8,%B,(386+%-3%8,15,5$;]V_

f1% 70)6% (0''$% 8$/% +-)6$3&/% -3% B&/%)% 016% 6&,1/B0&'+% 8$% 23$/6)011$'$16% -$

Q,3//3&$%k23)%-+C\%-?31%23$/6)011$'$16>%-?31$%49&,/$%)16$&&05,6)7$%-$7)$16%31$%49&,/$

1+5,6)7$%$6%4+&$'460)&$m;%S,%23$/6)01%-?31$% B01(6)01%1,63&$88$%-3% 8,15,5$% ka%Ñ%,P6P)8

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]VY%S*%.()>%4;%!]Y%o%<*".*.()+#PU>%4;%]_;]V`%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%G,H06>%G,&)/>%]^_!>%4;%"Z;]V_%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%B,/()(38$%]>%+-)6)01%(&)6)23$%4,&%L3-08BF158$&>%f660%<,&&,//0E)6I>%Ç)$/@,-$1>%]^`_>%4;%X];

_^

31$%B01(6)01%1,63&$88$%-3%8,15,5$%p%bm%-$7)$16%31$%,//$&6)01>%\%4&040/%-$%8,%8,153$%$6

101%483/%-3%8,15,5$%M%a%8,%8,153$%1?$/6%4,/%31$%B01(6)01%-3%/3C$6%4,&8,16%b>%B0&'38,6)01

6&:/% 0@/(3&$>% 23)% 6&037$% /01% $[48)(,6)01% C3/6$% $1/3)6$%M% a%$88$% $/6% 8$% 4&0-3)6% 23$

8?)1-)7)-3% $1&$5)/6&$% 4,//)7$'$16%b;% S$/% +-)6$3&/% -3%B&/%)% 016% ,)1/)% 6&,1/B0&'+% 31$

a%4,//)7)6+%b% -$% 8,% 8,153$>% $1% 31$% 4,//)7)6+% -$% 8?)1-)7)-3>% ($% 23)% 1$% 4$36% 4,/% e6&$% 8,

'e'$%(90/$;%K,&%103/%8)/01/%4,&6036%-,1/%8$/%(,9)$&/%a%~S,153$%MÄ%K*))-9(%$6%&+/)-,16

-,1/%8,%2&33(2'-9-'5#b;%J8%1?$/6%4,/%23$/6)01%-?$1&$5)/6&$&%4,//)7$'$16%8,%8,153$;%J8%/?,5)6

-,7,16,5$% -$% 8?)-+$% 23$% 8,% 8,153$% $/6% a%'0-$8+$%b% 4,&% 8,% (088$(6)7)6+;% S$% 4&040/% -$

Q,3//3&$% $/6% /3&6036% -?)1-)23$&% 23?)8% 1?H% ,% 4,/% -$% 8,15,5$% /,1/% 8,153$% k/,1/

(088$(6)7)6+]VVm%h% 8,% 8,153$% $/6% a%8?036)8% 1+($//,)&$% \% 8?$[$&()($% -$% 8,% B,(386+% -3

8,15,5$%b;%S0&/23$%103/%8)/01/%-,1/%8$%B&/%)%M%a%S,%8,153$%1?$/6%4,/%31$%B01(6)01%-3

/3C$6%4,&8,16%b>%103/%(0'4&$101/%23$%8,%8,153$%1?$/6%4,/%8$%-0',)1$%-3%/3C$6>%23?)8%1$

4$36%,70)&%,3(31$%,(6)7)6+%/3&%8,%8,153$%h%)8%8,%&$T0)6%4,//)7$'$16;%K$%23)%$/6%(016&,)&$%\

8,% 4$1/+$% -$% 8?9)/60)&$% (9$I% Q,3//3&$;% S,% ',1):&$% -016% .$&&)-,% /$'@8$% (0'4&$1-&$

($66$%49&,/$%$6%8,%&$8)$&%\%8?)1(01/()$16%-$%8,%8,153$%B0&'38+%4,&%A$17$1)/6$%$/6%$1(0&$

,36&$% (90/$>% 43)/23?)8% /$'@8$% -+C\% (01($70)&% 8,% 8,153$% $1% 6$&'$/% /6&3(63&,8)/6$/>% 03

4836w6% ,66&)@3$&% \% A$17$1)/6$% 31$% 4$1/+$% /6&3(63&,8)/6$;% J8% &$8)$% ,)1/)% 31% )1(01/()$16

8)153)/6)23$%$6%31$%)'43)//,1($%-3%/3C$6%M%a%s8,%&+,8)6+%-$%8,%8,153$t%$/6%s)1(01/()$16$t>

($%23)% &$C0)16%,3//)%@)$1% 6$88$/%4&040/)6)01/%-$%Q,3//3&$%23,1-%,3%B,)6%23$%s8,% 8,153$

1?$/6%4,/%31$%B01(6)01%-3%/3C$6%4,&8,16t]V^;%K$%23$%.$&&)-,%B,)6%-)&$%\%A$17$1)/6$%(?$/6

8?)1(01/()$16%/6&3(63&,8)/6$%M%a%8?,(6)7)6+%-3% 8)153)/6$>%-,1/%/01%&,440&6%\% 8,% 8,153$>%$/6

-+6$&')1+$%(0''$%4&)/$%03%/3&(&0{6%-$%(01/()$1($%b]^Z>%($%23$%1$%-)6%4,/%A$17$1)/6$

ka%90&')/% 8$% (,/% -?+63-$% 4&04&$'$16% 8)153)/6)23$>% 103/% 1?,701/% ,3% 483/% 23?31$

(01/()$1($%B,)@8$%$6%B35)6)7$%-$/%04+&,6)01/%23$%103/%,((0'48)//01/%403&%4,&8$&%bm;

S,% 7$&/)01% /6&3(63&,8)/6$% -$% 8?)1(01/()$16% 8)153)/6)23$% $/6% 31% )1(01/()$16% -$

/6&3(63&$% É% )17)/)@8$% ,3% 80(36$3&% $6% 7)/)@8$% -$% 8?,1,8H/6$%M% ($% /016% 4,&% $[$'48$% 8$/

0440/)6)01/%49010805)23$/>%03%8$/%a%80)/%/H16,[)23$/%b;%K?$/6%4,&%$[$'48$%8?)-+$%-?31$

a%/6&3(63&$% 4&0B01-$%b% k,(($# )'%/2'/%(m% /03/PC,($16$% \% 31$% a%/6&3(63&$% -$% /3&B,($%b

k)/%=*2(#)'%/2'/%(m%(9$I%l0,'%K90'/dH%-,1/%/01%4&0C$6%-$%*&,'',)&$%U1)7$&/$88$%M

R:(# ,(($# )'%/2'/%(# ':*'# (N$%())()# ':(# 7(*"-".# -)# 2&77&"# '&# *33# 3*"./*.()+# )&# -'# -)23*-7(,+#O(-".#*# )-7$3(# %(=3(2'-&"#&=# ':(# =&%7)#&=# ':&/.:'0#R:(# '%*")=&%7*'-&"*3# %/3()

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]VV%K0''$%103/%8?,7)01/%73%,3%-+@36%-$%($%(9,4)6&$>%a%(088$(6)7)6+%b%,%31%/$1/%,(6)B%(9$I%Q,3//3&$;]V^%S*%.()>%4;%!]Y%o%<*".*.()+#PU>%4;%]_;]^Z%S*%.()>%4;%!]Y%o%<*".*.()+#PU>%4;%]_;

VZ

':*'# 2&"9(%'# ,(($# '&# )/%=*2(# )'%/2'/%(# 7*Q# ,-==(%# =%&7# 3*"./*.(# '&# 3*"./*.(;]^]% ~#$6&,-3)/%MÄ%S,%/6&3(63&$%4&0B01-$%23)%$[4&)'$%8$%/$1/%$/6%(0''31$%\% 6036$/% 8$/% 8,153$/>,)1/)% ,BB)&'$P6P01>% +6,16% 31% /)'48$% &$B8$6% -$/% B0&'$/% -$% 4$1/+$;% S$/% &:58$/6&,1/B0&',6)011$88$/% 23)% (017$&6)//$16% 8,% /6&3(63&$% 4&0B01-$% $1% /6&3(63&$% -$% /3&B,($4$37$16%-)BB+&$&%-$%8,153$%\%8,153$;]^!

f1%,4$&T0)6% )()% 8,%',1):&$%-016%31%4&0C$6%93',1)/6$%/$% 603&1$%$1%31)7$&/,8)/'$

$//$16),8)/6$% $6% $6910($16&)23$;% K9$I% S+7)PQ6&,3//>% -$% 8,% 'e'$% ',1):&$]^">

8?)1(01/()$16%8)153)/6)23$%-$7)$16%31%)1(01/()$16%-$%/6&3(63&$;%U1$%&+,8)6+%-$%8,%8,153$

&+7+8+$%4,&%8?,1,8H/$;

#,(23$/%.$&&)-,>% \%4&040/%-$% 8,%49&,/$%-$%A$17$1)/6$>% a%8,% &+,8)6+%-$% 8,% 8,153$

-$'$3&$% $1% &:58$% 5+1+&,8$% )1(01/()$16$%b>% )16$&&05$% 8?$[4&$//)01% a%&+,8)6+% -$% 8,

8,153$%b>% 23?)8% 6&037$% a%0@/(3&$%b;% FBB$(6)7$'$16>% ($66$% $[4&$//)01% $/6% )'40&6,16$% $6

-0)6%e6&$%23$/6)011+$;%f1%1$%4$36%4,/%4$1/$&%23$%A$17$1)/6$%-)/$%31%6$&'$%,3//)%-+8)(,6

23$%a%&+,8)6+%b>%a%&+,8)6+%-$%8,%8,153$%b>%/,1/%(9$&(9$&%\%8?)16$&&05$&>%$6%\%$1%-+48,($&%8,

7,8$3&;%A$17$1)/6$%1$%4$36%23$%/$%'+B)$&%-$%($%6$&'$>%23)%$/6%8$%6$&'$%-?31%&+,8)/'$>

-?31% &+$8% $1% /0)>% %5*3-)5>% -?31% &,440&6% -)&$(6% ,3[% (90/$/;% i0)()% ($% 23?+(&)6% #,(23$/

.$&&)-,%M

l03/% 1$% 103/% ,&&e6$&01/% 4,/% /3&% ($66$% 4&+')//$>% 23)% /038:7$% 403&6,16% 483/% -?31$-)BB)(386+%M% 101% /$38$'$16% \% (,3/$% -$% /,% B0&'$% $'4)&)23$;% ks.,1/% 8$3&% -)7$&/)6+>% ($/3/,5$/%~-$%8,%8,153$Ä%016%($4$1-,16%-$3[%(,&,(6:&$/%$1%(0''31;%S?31%$/6%23$%8,%&+,8)6+-$% 8,% 8,153$%-$'$3&$%$1%&:58$%5+1+&,8$% )1(01/()$16$tm;%z3$%7$36%-)&$% )()%s&+,8)6+%-$% 8,8,153$t%p%z3?$1%$/6P)8%-$%8,%s&+,8)6+t%-,1/%8,%80(36)01%s&+,8)6+%-$%8,%8,153$t%p%G03&230)/$38$'$16%s$1%&:58$%5+1+&,8$t%p%F/6P($%03%101%31%4&+-)(,6%$//$16)$8%-$%8,-)6$%&+,8)6+%23$-$%-$'$3&$&%)1(01/()$16$%p%S,%-)BB)(386+%-3%4,&6,5$%$16&$%(01/()$16%$6%)1(01/()$16%$/6%,3483/%B0&6%-$%/01%0@/(3&)6+%23,1-%)8%/?,5)6%-$%8,15,5$%03%-$%8,153$%k-?3/,5$%-$%8,%8,153$m;F88$%1$%/?,66+13$%4,/>%,3%(016&,)&$>%23,1-%8?)1(01/()$16%&)/23$%-$%-$7$1)&%31$%(01/()$1($,BB,)@8)$%k%�%s8,%&+,8)6+%-$%8,%8,153$%H%-$'$3&$%$1%&:58$%5+1+&,8$%)1(01/()$16$%h%90&')/8$%(,/%-?+63-$%4&04&$'$16%8)153)/6)23$>%103/%1?,701/%,3%483/%23?31$%(01/()$1($%B,)@8$%$6B35)6)7$% -$/% 04+&,6)01/% 23$% 103/% ,((0'48)//01/% 403&% 4,&8$&tm>% 03% 23,1-% 8?,(6)7)6+% -3

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]^]%l0,'%K90'/dH>%B*%'()-*"#<-"./-)'-2)#6#F#B:*$'(%#-"#':(#[-)'&%Q#&=#D*'-&"*3-)'#R:&/.:'>%<,&4$&%,1-L0E>%l$E%Ñ0&d%,1-%S01-01>%]^``>%4;%"Y]^!%i0)()%8,%6&,-3(6)01%-$%8?+-)6)01%B&,1T,)/$%4,&%l;%.$8,10à%$6%.;%Q4$&@$&%M%a%S,%/6&3(63&$%4&0B01-$>%23)$[4&)'$%8$%/$1/>%$/6%É%,BB)&'$P6P01%É%(0''31$%\%6036$/%8$/%8,153$/>%(,&%$88$%1?$/6%23$%8$%&$B8$6%-$/%B0&'$/-$%8,%4$1/+$;%S$/%&:58$/%6&,1/B0&',6)011$88$/%23)%(017$&6)//$16%8,%/6&3(63&$%4&0B01-$%$1%/6&3(63&$%-$/3&B,($%4$37$16%e6&$%-)BB+&$16$/%-n31$%8,153$%\%8?,36&$%b;%l0,'%K90'/dH>%<*#3-"./-)'-4/(#2*%'5)-(""(>6&,-3)6%-$%8?,158,)/%4,&%l;%.$8,10à%$6%.;%Q4$&@$&%k8?0&)5)1,8%-,6$%-$%]^``m>%Q$3)8>%G,&)/>%]^`^>%4;%`X;%D,C036$&>%8,%',1):&$%-016%l;%K90'/dH%23$823$/%4,5$/%,7,16%-+B)1)6%-+C\%8$%4&0C$6%(016)13+%-$43)/%G0&6PL0H,8%-?31$%*&,'',)&$%U1)7$&/$88$%M%a%.$%8,%B,T01%-016%8$/%(01($46/%/$%(0'@)1$16%$1%C35$'$16/>%8,m%*77*-%(%-+-3)6%($%23?$88$%$/6)'$%e6&$%8,%B0&'$%5+1+&,8$%-$%6036$/%8$/%5&,'',)&$/%40//)@8$/%h%43)/%$88$$16&$4&$1-%-?+8,@0&$&%($66$%/6&3(63&$%/03/PC,($16$%31)7$&/$88$>%$1%(01/)-+&,16%s8,%',1):&$%1,63&$88$%$18,23$88$%103/%$[4&)'01/%10/%4$1/+$/t%k4;%"Zm;%S,%4834,&6%-$/%6$16,6)7$/%386+&)$3&$/%403&%-+7$8044$&%31/(9+',%-$%5&,'',)&$%31)7$&/$88$%,-046$16%($66$%'e'$%4$&/4$(6)7$;%b%kIO-,;>%4;%`Zm]^"%f1%8$%7$&&,%483/%80)1;%i0)&%4;%^"%$6%/3)7,16$/;

V]

8)153)/6$>% -,1/% /01% &,440&6% \% 8,% 8,153$>% $/6% -+6$&')1+$% (0''$% 4&)/$% 03% /3&(&0{6% -$(01/()$1($;% G,&% ($/% 23$/6)01/>% )8% 1$% /?,5)6% 1)% -?)1/)/6$&% /3&% -$/% ',)8801/% /,1/% -036$/$(01-,)&$/%-$% 8,%-+'01/6&,6)01%-$%A$17$1)/6$%1)%-?0@C$(6$&%\%31%-)/(03&/%M% /$38$'$16-?)1-)23$&% 31% $[$'48$% -$/% ,40&)$/% -,1/% 8$/23$88$/% 01% /$'@8$% /?$15,5$&% -:/% 23?01/?,44&e6$% \% -+B)1)&% 8$/% (016&,)16$/% 23)% 8)')6$16% 8$% -)/(03&/% 49)80/049)23$%h% (?$/6% \% ($-$&1)$&% 23?01% -0)6% $'4&316$&% 8$/% 106)01/% 101% (&)6)23+/% 23?01% ,448)23$% \% /,% -+P8)')6,6)01;]^X

#$% 7,)/% 6|(9$&% -$% &$'$66&$% ,3% (8,)&% ($66$% 0@/(3&)6+% 23$% .$&&)-,% ,66&)@3$% \

A$17$1)/6$% $6% 23)% $/6% -,7,16,5$>% C$% (&0)/>% 8$% &+/386,6% -?31$% 8$(63&$% ',123+$;

F7)-$''$16%.$&&)-,%,%&,)/01%-$%23$/6)011$&%8$/%$[4&$//)01/%-$%a%&+,8)6+%b>%a%&+,8)6+%-$

8,%8,153$%b>%(,&%$88$/%1$%/016%4,/%/)'48$/;%F6%)8%,%&,)/01%,3//)%-$%23$/6)011$&%8$/%106)01/

-$% 2&")2-("2(% $6% -?-"2&")2-("'>% -$% 70)&% 8,% a%-)BB)(386+% -3% 4,&6,5$% $16&$% (01/()$16% $6

)1(01/()$16%b;%O036%($8,%$/6%\%+(8,)&()&%403&%1$%4,/%60'@$&%-,1/%31$%(01B3/)01;%K$%23$

C$% (&0)/>% (016&,)&$'$16% \% .$&&)-,% (?$/6% 23$% ($/% 4&$'):&$/% 49&,/$/% -$% 8?,&6)(8$

a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%1$%/016%4,/%a%-$/%',)8801/%/,1/%-036$

/$(01-,)&$/%-$%8,%-+'01/6&,6)01%-$%A$17$1)/6$%b;%S$%4&0@8:'$%23$%A$17$1)/6$%40/$%)()

$/6%8$%'e'$%23$%($83)%23?)8%40/$%\%4&040/%-$/%K,6+50&)$/%-?D&)/606$;

K0''$% C$% 8?,)% -)6>% 8?$[4&$//)01% a%&+,8)6+% -$% 8,% 8,153$%b% ,44$88$% 31$% 8$(63&$

,66$16)7$%h%)8%B,3-&,%@)$1%70)&%-$%23$88$%&+,8)6+%A$17$1)/6$%4,&8$;%S?$[4&$//)01%a%&+,8)6+

-$%8,%8,153$%b>%403&&,)6%/$'@8$&%/?)1/(&)&$%-,1/%31$%(01($46)01%&+,8)/6$%-$%8,%8,153$%k8,

(&0H,1($% $1% -$/% &+,8)6+/% 23$% 8$% /,7,16% -,1/% 31% &,440&6% )''+-),6% ,3% &+$8% 403&&,)6

,@/6&,)&$m;%F1%]^YV>%-,6$%-$%8?,&6)(8$%-$%A$17$1)/6$>%01%$/6%-+C\%$1%48$)1%/6&3(63&,8)/'$;

F6%]^YV>% (?$/6%4&+()/+'$16% % 8?,11+$%-$% 8,%43@8)(,6)01%-?F"':%&$&3&.-(# )'%/2'/%*3(#-$

K8,3-$%S+7)PQ6&,3//]^Y;% J8%1?$/6%4,/%40//)@8$%23$%A$17$1)/6$%1?,)6%4,/% 83%S+7)PQ6&,3//

k23)%4,&%,)88$3&/%+6,)6%/01%(088:53$%,3%K088:5$%-$%R&,1($m;%Q$801%'0)>%a%K,6+50&)$/%-$

4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%B,)6%+6,6%-$%($%23$/6)011$'$16%-?+4023$>%-$/%&+401/$/

23?)8% ,440&6$% ,3% 4&0@8:'$% -3% 8,15,5$>% -$% 8,% (3863&$�% S,% -+',&(9$% /6&3(63&,8)/6$

&$40/$%/3&%8$%4&+/3440/+%-?31%)1(01/()$16%,169&040805)23$;%=,)/%(?$/6%31%)1(01/()$16

&+,8)/6$>%/6&3(63&,8$;

G03&% S+7)PQ6&,3//% 8,% &+,8)6+% -$% 8,% 8,153$% $/6% 8,% &+,8)6+% -$% /,% /6&3(63&$>% $88$% $/6

)1(01/()$16$% 403&% 8$% /3C$6>% ',)/% &+7+8+$% 4,&% 31$% ,1,8H/$% /6&3(63&,8$;% J8% '$% /$'@8$

)16+&$//,16% -$% B,)&$% ,44,&,{6&$% ($66$% (01($46)01% \% 6&,7$&/% 8?)'40&6,16% (016&$P/$1/% 23$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]^X%S*%.()>%4;%!]Y%o%<*".*.()+#PU>%4;%]_;

V!

S+7)PQ6&,3//% B,)6% \% 4&040/% -$% 8,% B0&'38,6)01% -?31% )1(01/()$16% 8)153)/6)23$% 4,&% R&,1I

A0,/%M

D4&:/% ,70)&% '016&+% 23$% 8,% /6&3(63&$% -$% 8,% 8,153$% &$/6$% )1(0113$% -$% ($83)% 23)% 4,&8$C3/23?\%8?,7:1$'$16%-?31$%5&,'',)&$%/()$16)B)23$>%$6%23$>%'e'$%,80&/>%$88$%(016)13$%-$'0-$8$&%8$%-)/(03&/%$1%-$90&/%-$%8,%(01/()$1($%-3%/3C$6>%)'40/,16%\%/,%4$1/+$%-$/%(,-&$/(01($463$8/%23)%/016%4&)/%403&%-$/%(,6+50&)$/%0@C$(6)7$/>%)8%~A0,/Ä%,C036$%M%ÅS,%-)BB+&$1($$//$16)$88$>% $16&$% 8$/% 49+10':1$/% 8)153)/6)23$/% $6% 8$/% ,36&$/% 49+10':1$/% (3863&$8/>% $/623$%8$/%4&$')$&/%1?+'$&5$16%C,',)/%\%8,%(01/()$1($%(8,)&$>%6,1-)/%23$%8$/%/$(01-/>%@)$123?,H,16%8,%'e'$%0&)5)1$%)1(01/()$16$>%/?+8:7$16%/037$16%C3/23?,3%1)7$,3%-$%8,%4$1/+$(01/()$16$>% -011,16% ,)1/)% 1,)//,1($% \% -$/% &,)/011$'$16/% /$(01-,)&$/% $6% \% -$/&+)16$&4&+6,6)01/t;]^`

l0601/% 4,&% 4,&$169:/$% 23$% A0,/% )16)638$% $1% ]^ZV% 31$% -$/% 4,&6)$/% -$% /01

J16&0-3(6)01%60%[*",O&&\#&=#F7(%-2*"#I",-*"#<*"./*.()>%a#G"2&")2-&/)#B:*%*2'(%#&=

3-"./-)'-2#K:("&7("*#b% É% a%S$% (,&,(6:&$% )1(01/()$16% -$/% 49+10':1$/% 8)153)/6)23$/%b

kC$% 6&,-3)/m;% Q$801% '0)>% ($()% (016)13$% -$% '$66&$% ,3% C03&% 8?)'40&6,1($% $6% 8?$1C$3

k03@8)+%pm%-?31$%4$1/+$%-$%8?)1(01/()$16%8)153)/6)23$;%K01($&1,16%-?,@0&-%8,%6&,-3(6)01

23$%-011$%K8;%S+7)PQ6&,3//%-3% 6$[6$%-$%R;%A0,/]^_>%23$823$/% &$',&23$/%/?)'40/$16%É

-?,36,16% 23$% 8$/% 8$(6$3&/% B&,1(04901$/% 1$% (011,)//$16% A0,/% 23$% 4,&% 8$% 8,@0&,60)&$

/6&3(63&,8)/6$>%4,&% 8,% 6&,-3(6)01%4,&%$[$'48$%23?$1%-011$%S+7)PQ6&,3//% )()>%(,&%10601/

23$%A0,/%1?$/6%4,/%$1(0&$%6&,-3)6>%\%8?$[($46)01%-$%/01%8)7&$%K%-7-'-9(#F%'%431@8)+%$1

]^!_>%6&,-3)6%$1%B&,1T,)/%$1%!ZZ"%k<A*%'#K%-7-'-=>%+-)6)01/%D-,'%A)&0m;%O036%-?,@0&->%)8

1?$/6%4,/%23$/6)01%(9$I%A0,/%-$%a%(01/()$1($%(8,)&$%b%',)/%/$38$'$16%k$6%,36&$'$16m%-$

2&")2-&/)"())%k(01/()$1($m>%-$%'e'$%A0,/%1$%4,&8$%4,/%-$%a%4$1/+$%(01/()$16$%b>%',)/

$1(0&$%31$%B0)/%-$%a%2&")2-&/)"())%b>%($%23)%$/6%,//$I%-)BB+&$16;%J8%1$%4,&8$%4,/%101%483/

-3%a%"-9(*/%-$%8,%4$1/+$%(01/()$16$%b%k01%/038)51$m;%S+7)PQ6&,3//%03@8)$%-$%6&,-3)&$%8,

-)/6,1($%,1,8H6)23$%$6%8,%4&3-$1($%-$%A0,/>%23)%+(&)6%a#I'#^&/3,#)((7#':*'#':(#())("'-*3

,-==(%("2(# b% É% a%)8% 4,&,{6&,)6% 23$% 8,% -)BB+&$1($% $//$16)$88$%b>% 23)% 1?$/6% 4,/% ($66$

,BB)&',6)01% 23?$1% B,)6% S+7)PQ6&,3//%M% a%S,% -)BB+&$1($% $//$16)$88$%b;% A0,/% +(&)6% a%':(

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]^Y%S,%43@8)(,6)01%-?F"':%&$&3&.-(#)'%/2'/%*3(#$/6%,16+&)$3&$%\%($88$%-$%8?,&6)(8$%-$%A$17$1)/6$%-,1/%8,&$73$%1'/,()#$:-3&)&$:-4/()>%($()%+6,16%,66$/6+%4,&%31%(0'46$%&$1-3%-3%8)7&$%-$%S+7)PQ6&,3//%B)53&,16-,1/%($66$%'e'$%&$73$;]^`%K8,3-$%S+7)PQ6&,3//>%a%J16&0-3(6)01%M%9)/60)&$%$6%$6910805)$%b>%)1%F"':%&$&3&.-(#)'%/2'/%*3(>%G801>a%G0(d$6%b>%G,&)/>%4;%"!P"";]^_%i0)()%8$%6$[6$%-$%A0,/%M%a%J6%E038-%/$$'%69,6%69$%$//$16),8%-)BB$&$1($%@$6E$$1%8)153)/6)(%49$10'$1,,1-%069$&%$6910805)(,8%49$10'$1,%)/>%69,6%69$%8)153)/6)(%(8,//)B)(,6)01/%1$7$&%&)/$%)160%(01/()03/1$//>E9)8$%)1%069$&%$6910805)(,8%49$10'$1,>%,8690359%69$%/,'$%31(01/()03/%0&)5)1%4&$7,)8/>%69$/$%0B6$1%&)/$)160%(01/()03/1$//>%,1-%693/%5)7$%&)/$%60%/$(01-,&H%&$,/01)15%,1-%60%&$P)16$&4&$6,6)01/%b>%R&,1I%A0,/>J16&0-3(6)01%60%[*",O&&\#&=#F7(%-2*"#I",-*"#<*"./*.()>%U1)7$&/)6H%0B%l$@&,/d,%G&$//>%S)1(081%$1-S01-01>%]^``%4;%`";%S$%6$[6$%4,&,{6%\%8?0&)5)1$%$1%]^]]%-,1/%8$%8/33('-">%UW>%-3%A3&$,3%0B%D'$&)(,1F6910805Hm

V"

3-"./-)'-2# 23*))-=-2*'-&")# "(9(%# %-)(# -"'&# 2&")2-&/)"())%b% P% 8$/% (8,//)B)(,6)01/

8)153)/6)23$/% 1$% /?+8:7$16% C,',)/% \% 8,% (01/()$1($%h% ($% 23$% S+7)PQ6&,3//% 603&1$>% $1

'$66,16%8,%4$1/+$%-$%A0,/%\%8?$17$&/>%$1%a%8$/%4&$')$&/%~8$/%49+10':1$/%8)153)/6)23$/Ä

1?+'$&5$16% C,',)/% \% 8,% (01/()$1($% (8,)&$%b>% )8% 03@8)$% -$% 6&,-3)&$% a%8$/% (8,//)B)(,6)01/

8)153)/6)23$/%b;% F6% ($6% 03@8)% 1?$/6% 4,/% )1708016,)&$>% 4,&($% 23$% S+7)PQ6&,3//% 1$

/?)16+&$//$% 4,/% ,3[% (,6+50&)$/% -$% 4$1/+$>% (,6+50&)$/% -$% 8,153$>%',)/% \% 8,% a%/6&3(63&$

8)153)/6)23$%b>%23)%1?,%23$%B,)&$%-3%/$1/%$6%-3%7)7&$;%l0601/%$1(0&$%23$%/,% 6&,-3(6)01

B,)6% -)/4,&,{6&$% 8,% (016)13)6+% )'40&6,16$% %-)(# -"'&# r% %-)(# -"'&% o% .-9(# %-)(# '&%)(2&",*%Q

%(*)&"-".# *",# '&# %(`-"'(%$%('*'-&")>%$1% 6&,-3)/,16% 4,&% 6&0)/% 7$&@$/% -)BB+&$16/

ka%+'$&5$16%b>% a%/?+8:7$16%b>% a%-011$16% 1,)//,1($%bm;% K01($&1,16% ',)16$1,16% 8$

(0''$16,)&$%-$% 8,%4$1/+$%-$%A0,/%4,&% %K8;%S+7)PQ6&,3//>% )8% 4,&,{6% -036$3[%23$%A0,/

-)/$% 23$% a%8,% 8,153$% &$/6$% )1(0113$% -$% ($83)% 23)% 4,&8$% C3/23?\% 8?,7:1$'$16% -?31$

5&,'',)&$% /()$16)B)23$%b;% K?$/6% 4,&% (016&$% 8$% 4&040/% -$% 8?,169&040805)$% -$% S+7)P

Q6&,3//;%S?)1(01/()$16%-$%A0,/%1?$/6%4,/%31% )1(01/()$16%-$%/6&3(63&$%h%A0,/%4,&8$%-$/

23*))-=-2*'-&")# 3-"./-)'-4/()>% (?$/6P\P-)&$% -$% (,6+50&)$/% -$% 8,153$% 23)% /016

)1-)//0(),@8$'$16% -$/% (,6+50&)$/% -$% 4$1/+$;% J8% 40/$>% -,1/% 31$% 6$1/)01>% 8?,(6)7)6+% -3

5&,'',)&)$1%$6%($88$%-3%80(36$3&>%+6,16%@)$1%+7)-$16%23$% 3*#.%*77*-%(#2&/%'#'&/@&/%)

*$%;)# 3(# ,-)2&/%)>% 23$% ($83)% 23)% 4,&8$% 1$% ($//$% -$% &+)17$16$&% /,% 8,153$>% -$/

(8,//)B)(,6)01/% 8)153)/6)23$/% 23)% 83)% /016% )1(01/()$16$/;% S$/% a%49+10':1$/

$6910805)23$/%b%B016%/?+8$7$&%-$/%%*-)&""(7("')#)(2&",*-%()#('#,()#%5`-"'(%$%5'*'-&");

A0,/% 4$1/$% 8$% -)/(03&/>% 23)% &+P)16$&4&:6$% $6% &+P)17$16$% 8$/% 49+10':1$/

$6910805)23$/]^V;% S$% a%/$(01-,)&$%b% )()% 1$% /?0440/$% 4,/% \% -3% a%4&)',)&$%b%h% 8$

/$(01-,)&$%$/6%($%23)%-+48,($%8$%/H/6:'$;%D)1/)>% 8,%106)01%-?&%-.-"(%-,1/%8?$[4&$//)01

a%':(#)*7(#/"2&")2-&/)#&%-.-"#$%(9*-3)%b%(9,15$%-$%7,8$3&%h%($66$%0&)5)1$%$/6%603C03&/

&$1037$8+$>%$6%8?)1(01/()$16%1?$/6%,80&/%($&6,)1$'$16%4,/%,&(9+6H4,8%',)/%8,%4&0-3(6)01

-$%1037$88$/%B0&'$/%-$%7)$%kB0&'$/%-$% 8,15,5$m;%S$% 8,15,5$%$/6% )()%403&%A0,/%($%23)

B,)6%8?9)/60)&$;%J8%'$%/$'@8$%23$%103/%/0''$/%-+C\%)()%4&0(9$/%-?31$%/+')0805)$%-$%8,

8,153$%6$88$%23$%A$17$1)/6$%8,%B0&'38$&,;

G03&% &$7$1)&% \% S+7)PQ6&,3//>% C$% 703-&,)/% 0@/$&7$&% /,%',1):&$% -$% (01($70)&% 31

)1(01/()$16%-,1/%8$%8,15,5$>%23)%1?$/6%4,/%'0)1/%23$%8,%a%(01/()$1($%b%8)153)/6)23$%-$

8,%5&,'',)&$%/6&3(63&,8$%$6%-$%8,%49010805)$%-$%O&03@$6Id0H;%i0)()%($%23?)8%+(&)6%-,1/

a%S,15,5$%$6%/0()+6+%b%M%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]^V%A)I,&&$'$16%S+7)PQ6&,3//%6&,-3)6%a%$6910805)23$/%b%4,&%a%(3863&$8/%b;

VX

.?,@0&->% 4&$/23$% 6036$/% 8$/% (01-3)6$/% 8)153)/6)23$/% /$% /)63$16% ,3% 1)7$,3% -$% 8,% 4$1/+$)1(01/()$16$;% F1% 4,&8,16>% 103/% 1?,701/% 4,/% (01/()$1($% -$/% 80)/% /H16,(6)23$/% $6'0&490805)23$/% -$% 8,% 8,153$;%.$% 483/% 103/% 1?,701/% 4,/% 31$% (011,)//,1($% (01/()$16$-$/% 49+10':1$/% 23$% 103/% 36)8)/01/% 403&% -)BB+&$1()$&% 8$% /$1/% -$% 10/% 4,&08$/%h% 103//0''$/%'0)1/%(01/()$16/% $1(0&$%É%\% /3440/$&%23$%103/%43)//)01/% 8?e6&$%4,&B0)/%É%-$/0440/)6)01/% 49010805)23$/% 23)% 4$&'$66$16% -?,1,8H/$&% (9,23$% 4901:'$% $1% +8+'$16/-)BB+&$16)$8/]^^

l03/%,701/%)()%8?$[$'48$%-$%($%23$%4$36%-+/)51$&%8?$[4&$//)01%-?31$%a%&+,8)6+%b>

,3%/$1/%&+,8)/6$%M%8$/%80)/%/H16,(6)23$/%$6%'0&490805)23$/%-$%8,%8,153$%k23)%/016%-$/%80)/

,3%/$1/%4&$/()46)B>%($%23$%A&+,8%/0)[,16$%,1/%483/%6w6%&$1-,)6%)1$46$!ZZm>%8$/%0440/)6)01/

49010805)23$/;% K$/% &+,8)6+/P8\% /016% 8$/% &+,8)6+/% -$% 8,% 8)153)/6)23$% /6&3(63&,8$;% S,

B0&'38,6)01%-$%A$17$1)/6$%a%S?31%$/6%23$% 8,% &+,8)6+%-$% 8,% 8,153$%H%-$'$3&$%$1% &:58$

5+1+&,8$%)1(01/()$16$%h%90&')/%8$%(,/%-?+63-$%4&04&$'$16%8)153)/6)23$>%103/%1?,701/%,3

483/%23?31$%(01/()$1($%B,)@8$%$6%B35)6)7$%-$/%04+&,6)01/%23$%103/%,((0'48)//01/%403&

4,&8$&%b>%/$'@8$&,)6%\%4&$'):&$%73$%4&0(9$%-$%($88$%-$%S+7)PQ6&,3//%M%a%F1%4,&8,16>%103/

1?,701/% 4,/% (01/()$1($% -$/% 80)/% /H16,(6)23$/% $6% '0&490805)23$/% -$% 8,% 8,153$%b>

-?,36,16% 23$% A$17$1)/6$% /$'@8$&,% -011$&% 8,% (,4,()6+% -$% (01/()$1($% \% 8?+63-$

8)153)/6)23$;%l03/% ,8801/% 70)&% 23$% ($% 1?$/6% 4,/% 8$% (,/;% l03/% /0''$/>% C$% (&0)/>% ,7$(

A$17$1)/6$>% 6&:/% 4&0(9$/% -$% ($% 23$% 103/% 7$101/% -$% 70)&% $1% 8)/,16% 8$% 6$[6$% -$% R&,1I

A0,/%É%01%&$4$1/$&,%,3//)%,3%6$[6$%-$%8,%a%4&$'):&$%(01B+&$1($%b%-$%Q,3//3&$%$1%]V^];

A0,/%-)/6)153$%8?,(6)7)6+%-3%5&,'',)&)$1%23)%+6,@8)6%-$/%(8,//)B)(,6)01/!Z]>%$6%8?,(6)7)6+

-$%($83)%23)%4,&8$>%(0''$%-?0&-&$/%-)BB+&$16/;%K$%1?$/6%4,/%403&%&)$1%23$%3*#.%*77*-%(

2&/%'#*$%;)#3(#,-)2&/%)>%C$%-)/,)/>%$1%&$4&$1,16%($66$%B0&'38,6)01%\%<$1&)%=$/(9011)(>

(?$/6%23$%8$%-)/(03&/%1?,&&e6$%4,/%-$%&+P)17$16$&%-$%8,%5&,'',)&$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]^^%K8,3-$%S+7)PQ6&,3//>%a%S,15,5$%$6%/0()+6+%b>%)1%F"':%&$&3&.-(#)'%/2'/%*3(>%G801>%a%G0(d$6%b>%]^YV>%4;_]P_!;%D&6)(8$%,-,46+%-$%8?0&)5)1,8%,158,)/%4,&3%$1%]^Y]>%a%S,153,5$%,1-%69$%D1,8H/)/%0B%Q0(),8%S,E/%b>-,1/%8,%&$73$%F7(%-2*"#F"':%&$&3&.-)'>%708%Y">%1r!;!ZZ%i0)&%483/%9,36>%4;%"V>%"^;!Z]%A0,/%-011$%31%($&6,)1%10'@&$%-?$[$'48$/%k)8%B,36%$1%B,)6%/$%&+B+&$&%\%6036$/%8$/%4,5$/%23)%4&+(:-$16>0g%A0,/%'016&$%(0''$%-?31$%8,153$P(3863&$%\%8?,36&$%8?31)7$&/%/?0&5,1)/$%/$801%-$/%(8,//)B)(,6)01/-)BB+&$16$/m%M%a%I'#:*)#O(("#7("'-&"(,#O(=&%(#':*'#-"#*33#3*"./*.()#2(%'*-"#23*))-=-2*'-&")#&=#2&"2($')&22/%0#R&#7("'-&"#&"3Q#*#=(^#6#^(#=-",#&O@(2')#23*))-=-(,#*22&%,-".#'&#)(N+#&%#*)#*"-7*'(#*",#-"*"-7*'(+&%#*22&%,-".#'&#=&%70#](#=-",#*2'-&")#,('(%7-"(,#*22&%,-".#'&#'-7(#*",#$3*2(+#('2%b;%R&,1I%A0,/>J16&0-3(6)01%60%[*",O&&\#&=#F7(%-2*"#I",-*"#<*"./*.()>%U1)7$&/)6H%0B%l$@&,/d,%G&$//>%S)1(081%$1-S01-01>%]^``%4;%`";%#$%6&,-3)/%M%a%f1%,%'$16)011+%,34,&,7,16%23$%-,1/%6036$/%8$/%8,153$/%-$/(8,//)B)(,6)01/%-$%(01($46/%016%8)$3;%G03&%1?$1%'$16)011$&%23$%23$823$/%31$/%M%01%6&037$%-$/%0@C$6/(8,//)B)+/%/$801%8$%/$[$>%03%(0''$%,1)'+/%03%)1,1)'+/>%03%/$801%8,%B0&'$;%l03/%6&03701/%-$/%,(6)01/-+6$&')1+$/%/$801%8$%6$'4/%$6%8$%8)$3>%$6(;%b;

VY

A$17$1)/6$%+(&)6%\% 8,% B)1%-3%4&$')$&%4,&,5&,49$%-$% /01%,&6)(8$>%a%.$% 8\%4&0(:-$

($66$% (017)(6)01>% 8,&5$'$16% &+4,1-3$% $6% $88$P'e'$% )1(01/()$16$% (0''$% 6036% ($% 23)

603(9$%,3%8,15,5$>%23$%4$1/$&%$6%4,&8$&%/016%-$3[%04+&,6)01/%-)/6)1(6$/%4,&%$//$1($%b>

0g% 103/% (0'4&$101/% 6036% -?,@0&-% 23$% /)% 103/% -)/6)15301/% $16&$% a%4$1/$&%b% $6

a%4,&8$&%b>% (?$/6% 4,&($% 23$% 103/% B,)/01/% ($66$% -)/6)1(6)01% -,1/% 106&$% 8,153$;% l03/

4$1/01/% -$/% ,(6)7)6+/>% -$/% -)/6)1(6)01/% $6% -$/% $//$1($/;% f1% 4$36% &$4$1/$&% \% Q,4)&>

80&/23?)8%+(&)7,)6%M%a#Q('#^:("#-'#O(.-")#'&#O(#)/)$(2'(,#':*'#*'#3(*)'#)&7(#)&3/'-&")#&=

':(#.%(*'#%-,,3(#*%(#(3*O&%*'(3Q#%&/",*O&/'#*$$3-2*'-&")#&=#%/3()#&=#<*'-"#&%#m(%7*"

&%# 1".3-):# .%*77*%+# ':(# '%-9-*3-'Q# &=# 3-"./-)'-2# *"*3Q)-)# O(2&7()# 3())# 2(%'*-"#b#É

a%',)/%-+C\%80&/23?)8%(0''$1($%\%e6&$%/3/4$(6+%23?,3%'0)1/%23$823$/%/0836)01/%-$%8,

5&,1-%+1)5'$%/016%-$%',1):&$%8,@0&)$3/$%-$/%,448)(,6)01/%()&(017083$/%-$%&:58$/%-$%8,

5&,'',)&$% 8,6)1$% 03% ,88$',1-$>% 03% ,158,)/$>% 8,% 6&)7),8)6+% -$% 8?,1,8H/$% 8)153)/6)23$

-$7)$16% '0)1/% ($&6,)1$%b;% I"2&")2-("'(+# 2&77(# '&/'# 2(# 4/-# '&/2:(# */# 3*".*.(>% +(&)6

A$17$1)/6$>%C$6,16%8$%49)80/049$%$//$16),8)/6$%-,1/%8$%6&03@8$%-?,70)&%+6+%8$%,/$(#,(#)*

7*"-;%(#,(#$*%3(%>%83)%23)%(&0H,)6%23$%a%4$1/$&%b%$6%a%4,&8$&%b%+6,)$16%a%-$3[%04+&,6)01/

-)/6)1(6$/% 4,&% $//$1($%b;% J8% (&0H,)6% 4$1/$&>% )8% -+(037&$% 23?)8% $/6% $1% 6&,)1% -?+(&)&$;

I"2&")2-("'(+#2&77(#'&/'#2(#4/-# '&/2:(#*/# 3*".*.(>% 6036% 603(9$%,3% 8,15,5$%M%(?$/6% 8$

4&)1()4$%-?31$%/+')0805)$%-$%8,%8,153$%h%\%,3(31%)1/6,16%01%$/6%$1%-$90&/%-3%8,15,5$>

(0''$% .$&&)-,>% 83)>% ($4$1-,16% 8$% 4&+6$1-;% S?)1(01/()$16% 8)153)/6)23$% /?+6$1-% \

8?,(6)7)6+%93',)1$%-,1/%/01%$16)$&;

S,%49&,/$%4,&% 8,23$88$%A$17$1)/6$%037&,)6% /01%,&6)(8$%,1101T,)6%-+C\% 6036$%($66$

4$&/4$(6)7$%M% a%l03/% B,)/01/% -$% 8,% 8,153$% 23$% 103/% 4,&801/% -$/% 3/,5$/% )1B)1)'$16

7,&)+/>%-016% 8,%/$38$%+13'+&,6)01%-$7&,)6%e6&$%(0$[6$1/)7$%\%31$% 8)/6$%-$/%,(6)7)6+/%0g

4$36% /?$15,5$&% 8?$/4&)6% 93',)1;%b;% F88$% ,1101($% 8,% 23$/6)01% 40/+$% 4,&% D&)/606$% $6% \

8,23$88$%&+401-&,%8$%6$[6$%-$/%B*'5.&%-();%A$17$1)/6$%4,&8,16%-?a%+13'+&,6)01%b%$6%-$

a%8)/6$%b% )1-)23$% 23$% 6036% &,)/011$'$16>% 'e'$% \% 4&040/% -3% 8,15,5$>% /$&,

1+($//,)&$'$16%8)153)/6)23$>%)1(01/()$16>%5&,'',)&)$1;%z3?$1%($8,>%8,%&+B8$[)01%1$%4$36

C,',)/% 4&+6$1-&$% ,66$)1-&$% 8?31)7$&/$8;% .3% 8,15,5$% 103/% 1?,701/% 23$% -$/

&$4&+/$16,6)01/;%.?,36&$%4,&6>%($%23?01%4$36%,7,1($&%(?$/6%23$%8,%&+B8$[)01%$/6%603C03&/

31$% &+B8$[)01% \% 4&040/% -3% 8,15,5$;% K$83)% 23)% 4,&8$% B,)6% -$% 8,% 5&,'',)&$;% S$

5&,'',)&)$1>%4,&%/01%,1,8H/$>%(&+$%31$%(01/()$1($>%',)/%$1%'e'$%6$'4/%603C03&/%-$

8?)1(01/()$16;

S0&/23$%A$17$1)/6$% 4,&8$% -$% a%&+,8)6+% -$% 8,% 8,153$%b>% )8% -+B)1)6% 8?,(6)7)6+% &+$88$

-?31% /3C$6% -,1/% /,% 8,153$>% ($% -016% )8% 1$% 4$36% 4,/% ,70)&% (01/()$1($;% Q,3//3&$% 4,&8,)6

V`

-?*2'(# 3-"./-)'-4/(# $6% Q,4)&% -?*2'/*3# $%&2())# &=# ':&/.:'#;% G03&% -)/6)153$&

-+B)1)6)7$'$16% ($66$% %5*3-'5# ,(# 3*# 3*"./(% -?31$% &$4&+/$16,6)01% &+,8)/6$% \% 230)% 01

403&&,)6% 8?,//)')8$&%4,&%$&&&$3&>% &$',&2301/% C3/6$%23?$88$%1?$/6%4,/%-+B)1)$%(0''$%31

0@C$6>%',)/%(0''$%31%4&0(:/>%8$%6$&'$%23)%7)$16%+6,16%8$%6$&'$%-?a%04+&,6)01%b%M

S?31%$/6%23$%8,%&+,8)6+%-$%8,%8,153$%H%-$'$3&$%$1%&:58$%5+1+&,8$%)1(01/()$16$%h%90&')/%8$(,/%-?+63-$%4&04&$'$16%8)153)/6)23$>%103/%1?,701/%,3%483/%23?31$%(01/()$1($%B,)@8$%$6B35)6)7$%-$/%$*.+/'!$"%%23$%103/%,((0'48)//01/%403&%4,&8$&

K*%3(%% $/6% -011+% (0''$% 1?+6,16% 4,/% 31$% ,(6)7)6+% /)'48$>% 8,% ')/$% $1% v37&$

603C03&/%8,%'e'$%-?31%',6+&)$8%0@C$(6)B%03%8,%6&,1/,(6)01%$1%8,15,5$%-?31%(016$13%-$

4$1/+$%4&+$[)/6,16%,3%-)/(03&/>%31$%a%')/$%$1%'06/%b%(0''$%01%$16$1-%4,&B0)/%-)&$!Z!;

S,%a%&+,8)6+%-$%8,%8,153$%b%$/6%-+B)1)$%4,&%A$17$1)/6$%(0''$%($/%a%04+&,6)01/%23$%103/

,((0'48)//01/%403&%4,&8$&%b;%K$/%04+&,6)01/%/016%,)1/)%(,&,(6+&)/+$/%-$%4,&6)(38):&$/>%$6

-$% 8?0&-&$% -?31% 4&+/$16;% K$% /016% -$/% ,(6$/;% f1% 403&&,)6% 'e'$% 4$1/$&% 23$% a%403&

4,&8$&%b>%-,1/%31$%4&0/0-)$%,(($163,16% 8$%$&/%>% B,)6%$16$1-&$%31$%7)/+$>%31$% -"'("'-&"

-3% /3C$6% ,3% 6&,7,)8% -,1/% 8$%-)/(03&/;%U1% )1(01/()$16;%l01%31$%708)6)01>%',)/% 23$823$

(90/$%-$%8?0&-&$%-$%8?+8,1%$6%-$%8,%7)$>%-$%8,%9&3&"'5#&O)2/%(+#('#$(%)595%*"'(#03%403&

&$4&$1-&$% 8?$[4&$//)01% -$% R;% A0,/>% a#/"2&")2-&/)+# ^(# 7*Q# $(%:*$)# )*Q# -")'-"2'-9(+

$%&2())()#&=#':(#7-",%b!Z"%É%a%-$/%4&0(:/%-$%4$1/+$%)1(01/()$16/>%01%403&&,)6%4$36Pe6&$

-)&$%)1/6)1(6)B/%b;%f1%403&&,)6%$1(0&$%,C036$&>%-,1/%31$%3(2'/%(#(N2())-9(!ZX>%23$%8$%"&/)>

+5,8$'$16%,(($163+%-,1/%/01%&,440&6%-?+(90%\%$&/%>%+6,@8)6%31$%69+0&)$%-3%408)6)23$%$6

-$%8?9)/60)&$>%$6%23$%&$5%*'-&"%6&037,16%/01%+(90%-,1/%*22&7$3-))&")>%-+B)1)6%31%4&+/$16

)1/6)63,16;

A$17$1)/6$%&$4&$1-%8$%6$&'$%-?a%04+&,6)01%b%C3/6$%-,1/%8,%49&,/$%23)%/3)6%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!Z!%=e'$%,3%K088:5$%-$%R&,1($%M%K8,3-$%<,5:5$>%K03&/%,3%K088:5$%-$%R&,1($%-3%',&-)%"%107$'@&$!ZZ!>%kC$%()6$%-?,4&:/%'$/%4&04&$/%106$/%m>%a%S$/%,BB$(6/%/016%$1P-$T\%-3%/$3)8%-$%B,@)8)6+%M%40//)@)8)6+-?e6&$%')/%$1%'06/%k%=*>%-"=*")>%8$/%$1B,16/%/016%-$/%e6&$/%23)%1$%4,&8$16%4,/;%S$%8,15,5$>%)8%8?,%-,1/%/015+10'$>%',)/%)8%1?,%4,/%-$%8,153$m%b;!Z"%DC03601/%-?,)88$3&/%23$%A0,/%4&+()/$%C3/6$%$1/3)6$>%a%O9$H%'3/6%@$%-3$%60%,%5&034)15%0B%/$1/$P)'4&$//)01/%,1-%0B%(01($46/%E9)(9%)/%106%)1%,1H%/$1/$%0B%69$%6$&'%708316,&H>%@36%E9)(9%-$7$804/%B&0'23)6$%-)BB$&$16%4/H(90805)(,8%(,3/$/%b>%R&,1I%A0,/>%J16&0-3(6)01%60%[*",O&&\#&=#F7(%-2*"#I",-*"<*"./*.()>%U1)7$&/)6H%0B%l$@&,/d,%G&$//>%S)1(081%$1-%S01-01>%]^``%4;%`";!ZX%#?$'4&316$%($66$%$[4&$//)01%\%=)(9$8%D-1:/;%i0)&%=)(9$8%D-1:/>%a%S$(63&$%$[($//)7$>%sÑt>%U1%6$[6$$/6%31%8,',%&035$%b>%)1%H&3('-*"*+#L>%D(9-)'*#,(#R%*,/22-x#<-'(%*'/%*#-#*%')>%kD(6$/%-3%]$%K088023$)16$&1,6)01,8%a%Q3C$6%$6%6&,-3(6)01%b>%*&034$%F6)$11$%.08$6>%U1)7$&/)6+%D36010'$%-$%A,&($801$>107$'@&$%!ZZ!>m>%9664MooEEE;B6);3,@;(,6o-08$6),1,o].0(3'$16/o]D-1$/;4-B

V_

S?,36&$%$/6%23$>%/)%,@/6&,)6$/%03%/)%4,&6)(38):&$/%23$%/0)$16%8$/%04+&,6)01/%-$%8,%4$1/+$>$88$/%&$T0)7$16%$[4&$//)01%-,1/%8,%8,153$;!ZY

K$/%04+&,6)01/%/016%-)6$/%a%04+&,6)01/%-$%8,%4$1/+$%b;%S$/%04+&,6)01/%23$%103/

,((0'48)//01/%403&%4,&8$&%$6%8$/%04+&,6)01/%-$%8,%4$1/+$%7016%-:/%80&/%/$%(01B01-&$%$1

31$%/$38$%,(6)7)6+;%.)&$%a%/)%,@/6&,)6$/%03%/)%4,&6)(38):&$/%b>%(?$/6%-?31$%4,&6%23,8)B)$&%($/

04+&,6)01/% -?:-)'&%-4/()>% -$% 101% &+4+6,@8$/>% -$% a%4,&6)(38):&$/%b>% 8$% B,)6% -?31% /3C$6

/4+()B)23$>% $6% -?,36&$% 4,&6% (?$/6% -+48,($&% 8?,(6)7)6+% -?,@/6&,(6)01% -$% 8,% 4$1/+$% \% 8,

8,153$>% 40/$&% 8,% (0'48$[)6+% -?31% &,440&6% ,3% /$1/>% -3% )("'-7("'# ,(# 3*# 3*"./(>% 403&

&$4&$1-&$% 8?$[4&$//)01% -$% Q,3//3&$>% -$% 8,% =&%7(`)(");% f1% $/6% 80)1% -3% &+,8)/'$

/6&3(63&,8)/6$%23)%4&$1,)6%8,%8,153$%403&%31$%',6):&$>%31%a%0@C$6%-?0@/$&7,6)01%b;%f1%$/6

80)1%,3//)%-$%.$&&)-,>%23)%6&037,)6%A$17$1)/6$%a%0@/(3&%b%$6%,40&+6)23$;

.$&&)-,>% 403&% $1% &$7$1)&% \% /,% (&)6)23$>% 23,8)B)$% $1% $BB$6% 8$% (9$')1$'$16% -$

A$17$1)/6$%-?a%,40&)$%b!Z`%/,1/%-,7,16,5$%-+(&)&$%($%23)%83)%/$'@8$%1$%'$1$&%1388$%4,&6

É%a%,40&)$%b%\%6)6&$%-?a%$[$'48$%b>%-)6P)8>%,H,16%(034+%\%8?,1,8H/$>%,1101T,16%-$%',1):&$

(01(83/)7$% 23$% 8?,40&)$% 53$66$% ,;)# 4/(% �;% a%-:/% 23?01% /?,44&e6$% \% -+B)1)&% 8$/

(016&,)16$/% 23)% 8)')6$16% 8$% -)/(03&/% 49)80/049)23$%h% (?$/6% \% ($% -$&1)$&% 23?01% -0)6

$'4&316$&% 8$/%106)01/%101%(&)6)23+$/%23?01%,448)23$%\% /,%-+P8)')6,6)01%b;%.$&&)-,%$/6%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!ZY%S$%(01($46%-?&$5%*'-&"%,44,&,{6%-$%1037$,3%-,1/%8,%B)1%-$%($%4&$')$&%4,&,5&,49$%M%a%($66$%(017)(6)01>8,&5$'$16%&+4,1-3$%$6%$88$P'e'$%)1(01/()$16$%(0''$%6036%($%23)%603(9$%,3%8,15,5$>%23$%4$1/$&%$64,&8$&%/016%-$3[%$*.+/'!$"%%-)/6)1(6$/%4,&%$//$1($>%23)%/$%(01C0)51$16%403&%8,%1+($//)6+%4&,6)23$%b!Z`%D%106$&%23$%8$%6$&'$%-?*$&%-(%$/6%31%6$&'$%)'40&6,16%-,1/%8$%6&,7,)8%-$%#,(23$/%.$&&)-,%k(B;%F$&%-()0S&/%-%#e#)A*''(",%(#*/N#i#3-7-'()#,(#3*#95%-'5n+#G,&)/>%*,8)8+$>%]^^`m>%23?)8%$1%B,)6%'e'$%8,%-H1,')23$-$%8,%49)80/049)$%k8$%(01($46%$/6%&$4&)/%\%D&)/606$>%8,%4$1/+$%,40&+6)23$%$/6%31$%4$1/+$%23)%(9$&(9$%\-+4,//$&%8$/%(016&,-)(6)01/m;%=,)/%-,1/%8$%6$[6$%/3&%A$17$1)/6$>%)8%1$%/?,5)6%@)$1%/c&%4,/%-$%($66$%7,8$3&40/)6)7$;%S?,40&)$>%$/6%)()>%31%(9$')1%/,1/%)//3$;%K)601/%.$&&)-,>%a%K$%1?$/6%-01(%4,/%4&040/$&%31$a/0836)01b%,3%4&0@8:'$h%(?$/6%/)'48$'$16%,BB)&'$&%23$>%-,1/%31$%-),8$(6)23$%(0113$%(0''$%6$88$>8?,40&)$%a/$%(0'4&$1-b%$88$P'e'$%(0''$%,40&)$%a&+$88$b;%D80&/%103/%&$1(016&01/%4$36Pe6&$%8,49)80/049)$%b%k#,(23$/%.$&&)-,>%<*#m(";)(#,*")#3*#$:-3&)&$:-(#,(#[/))(%3+#G,&)/>%GUR>%]^^Z>%4;%"!;m;K$66$%&+B8$[)01%+6,16%&$4&)/$%\%=,&6)1%<$)-$55$&;%#$%()6$%-$%1037$,3%M%a%.,1/%/01%,&53'$16>%D&)/606$&$(03&6%\%31%6$&'$%,//$I%(0''31%-,1/%8,%49)80/049)$%-$%/01%+4023$M%*$&%(-";%F$&%&)#$/6%($%23)%1$4$&'$6%,3(31%4,//,5$>%8\%0g%01%1$%4$36%4,//$&%,3%6&,7$&/;%ä%8?0&)5)1$>%$&%&)#/)51)B)$%8$%4,//,5$%-?31$&)7):&$%$1%$,3%4$3%4&0B01-$;%F$&%-*#/)51)B)$M%8,%(016$'48,6)01%-3%'01-$%1$%4,&7)$16%4,/%\%6&037$&%314,//,5$h%$88$%1$%6&037$%,3(31%(9$')1;%f1%1$%4$36%$1%$BB$6%6&037$&%31%4,//,5$%4,&%8$%/$38%'0H$1%-$%8,(,3/$%k*-'-*m%-016%01%-)/40/$>%(?$/6P\P-)&$%4,&%8$/%'0H$1/%-)/401)@8$/%-$%8?$[48)(,6)01;%S$%(9$')1%-34,//,5$%&$1-3%-)/401)@8$%4,&%8?$[48)(,6)01%$/6%31%(9$')1%@,&&+;%S?,44,&$1($%&+$88$%-?31$%(90/$%$/6%403&,)1/)%-)&$%0((386+$%4,&%8,%',1):&$%-016%$88$%/$%4&+/$16$%$1%B,)6%~�Ä%.,1/%8,%'$/3&$%0g%($83)%23)%$/64$&/3,-+%23?)8%1$%403&&,%4,/%4,//$&%,3%6&,7$&/%-$7)$16%(01/()$16%-$%/,%/)63,6)01>%$6%',)16)$16%/01%$BB0&6-$%,-*$&%(-"#$1%(9$&(9,16%\%4,//$&%,3%6&,7$&/>%31%6$8%*$&%(-"#$6%,-*$&%(-"#(016)$16%8,%708016+%-$%4,//$&,3%6&,7$&/%~�Ä;%K$83)%23)%-01(%403&/3)6%8?*$&%(-"#$6%8$%,-*$&%(-">%$6%(9$&(9$%8,%70)$%-3%4,//,5$>%&+7:8$-,1/%/01%$BB0&6%'e'$%23?)8%B3)6%8?)510&,1($%k*."&-*m%$6%8?0((386,6)01>%$6%23?)8%403&/3)6%8,%(011,)//,1($k($-)'*)':*-m>%$6%8?e6&$%-,1/%8?037$&6%-$%8?+6,16%b%k=,&6)1%<$)-$55$&>%K3*'&"6#>&$:-)'()>%)1m()*7'*/).*O(>%708;%]^>%R&,1dB3&6>%}80/6$&',11>%]^^!>%4;%]!`P]!V;%S,%6&,-3(6)01%$/6%-$%*$0&5$/S$&03[;%#$%&$170)$%403&%($66$%23$/6)01%,3%6$[6$%-$%L0-0849$%*,/(9+>%a%S?$[4+&)$1($%,40&+6)23$%,3[0&)5)1$/%-$%8,%4$1/+$;%G8,601>%<$)-$55$&>%.$&&)-,%b>%%k6&,-3)6%-$%8?,158,)/%4,/%*$0&5$/%S$&03[m>%)1%y'/,()

VV

/)'48$'$16% $1% -$90&/% -3% 4&040/;% F6% 8,% /3)6$% $/6% $1(0&$% '0)1/% @)$17$)88,16$% ,7$(

A$17$1)/6$>% 43)/23?)8% ,C036$%M% a%8,% 4,8'$% &$7)$16% ,3[% &9,4/0-$/% 23)% -)/23,8)B)$16% 8$/

4):($/% -?31% 6$[6$% 49)80/049)23$% -016% )8/% )510&$16% 8,% ',(9)1,6)01>% -$43)/% 31% ,8)@)

/()$16)B)23$%0g%)8/%1?016%C,',)/%')/%8$/%4)$-/%1)%8$/%',)1/%b!Z_;

#,(23$/% .$&&)-,% )1/)/6$% /3&% 31$% )1(0'4&+9$1/)01% \% $16$1-&$% 6&,)6$&% D&)/606$

-?)1(01/()$16;% D% 483/)$3&/% &$4&)/$/>% )8% '$66&,% ($% 6$&'$% -,1/% 8,% 70)[% -$% A$17$1)/6$>

6$16,16% -$% 8$% 4,&,49&,/$&>% ',)/% 8?,//03&-)//,16% $1% B,)6;% J8% -011$% 8?,44,&$1($% -?31$

+(036$% &+$88$% -3% 6&,7,)8% -?+(&)63&$% -$% A$17$1)/6$>% 43)/23?)8% &$4&$1-% 8$/% 6$&'$/% -$

A$17$1)/6$%$6%8$/%'$6%$1%&$8,6)01%h%)8%/$'@8$%6&,7,)88$&%/3&%8$/%B0&'38,6)01/%',)/%1$%8$

B,)6%4,/%7&,)'$16%kC$%&$-011$%($/%49&,/$/%-+C\%()6+$/%483/%9,36m%M

%R%*")2%-$'-&">%'%*")$&)-'-&">%$%&@(2'-&"%-$%(,6+50&)$%-$%8,153$%$1%(,6+50&)$/%-$%4$1/+$%M(?$/6%,)1/)%23$%A$17$1)/6$%-+B)1)6%8?04+&,6)01%-"2&")2-("'(%-?D&)/606$%$6>%)17$&/$'$16>%8$-+(0-,5$%/H'+6&)23$%,323$8%)8%/$%8)7&$%83)P'e'$%(01/()$''$16%~�Ä!ZVS$%8)153)/6$%6&,1/(&)6%-01(%$1%6$&'$/%-$%8,153$%($%23$%8$%49)80/049$%,7,)6%,34,&,7,16a%)1(01/()$''$16%b>%'%*")$&)5>%$%&@('5%-$%8,%8,153$%$1%6$&'$/%-$%4$1/+$%~�Ä!Z^~�Äa%J1(01/()$''$16%b>%$6%/,1/%8?,70)&%70383>%)8%~D&)/606$Ä%,3&,)6%4&)/%8,%a%(8,//$%-$/B0&'$/%b>%6$88$%23$%8?0BB&$%8$%/H/6:'$%-$%8,%8,153$>%403&%8$%/H/6:'$%-$%8?$[4&)'+%03%-$8?$[4&)',@8$;!]Z

F7)-$''$16>% 8?)16$&4&+6,6)01% $/6% B,3//$>% 2&")2-("'% $6% -"2&")2-("'% 1$% /$

-+4,&6,5$16% 4,/% -$% ($66$%',1):&$% @)1,)&$% (9$I%A$17$1)/6$;% K0''$% 103/% 8?,701/% 73>

/01% ,44&0(9$% 1?$/6% 4,/% ($88$% -?31% &+,8)/'$;% S?)1(01/()$16% 1$% /?0440/$% 4,/% ,3

(01/()$16%h% 8?-"2&")2-("'% $/6% (9$I%A$17$1)/6$% 31$% 69+0&)$% -$% 8,% (011,)//,1($;% a%l03/

1?,701/% ,3% 483/% 23?31$% (01/()$1($% B,)@8$% $6% B35)6)7$% -$/% 04+&,6)01/% 23$% 103/

,((0'48)//01/%403&%4,&8$&%b%+(&)6P)8;%K$83)%23)%4,&8$%$/6%603&1+%7$&/%/01%4&04&$%)1(0113;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%=%*"E*-)()>%H(%%-,*#3(2'(/%>%i083'$%"V>%13'+&0%]P!>%!ZZ!;%O$[6$%-)/401)@8$%\%8?,-&$//$9664MooEEE;$&3-)6;0&5o&$73$o$63-B&o!ZZ!o7"Vo1]oZZV"^X,&;4-B%k7+&)B)+$%8$%]Z;]Z;!ZZ_m!Z_%.$&&)-,%4,&8$P6P)8%@)$1%-$%A$17$1)/6$%p%J8%$/6%+6&,15$%-?$16$1-&$%-)&$%23?31%-$/%483/%5&,1-/%/,7,16/%-3'01-$%)1-0P$3&04+$1%1?,%4,/%31$%(011,)//,1($%-$/%6$[6$/%(8,//)23$/;%U1$%(011,)//,1($%-)BB+&$16$%-$($88$%-3%49)80/049$>%-,1/%8,%'$/3&$%0g%/01%23$/6)011$'$16%40&6$%/3&%-$/%',1):&$%-$%-)&$>%-$/%',1):&$/-$%(01($70)&;%Q3&%31$%9)/60)&$%-$/%)-+$/;%S$%6$&'$%-$%a%&9,4/0-$/%b%$/6%+5,8$'$16%,//$I%+6011,16;%G$36Pe6&$%.$&&)-,%-)6P)8%($8,%(0''$%)8%(&0)6%23$%8$/%,&53'$16/%-$%A$17$1)/6$%2&"'%(%D&)/606$%/016%-$/,&53'$16/%@)$1%(0113/>%@)$1%&+4+6+/;%D:*$)&,-()%$/6%8$%6)6&$%-?31$%-$/%4,&6)$/%-$%8?,&6)(8$%-$%.$&&)-,k4,&6)$%-,1/%8,23$88$%.$&&)-,%B,)6%C3/6$'$16%8?9)/60&)23$%-$%($%23?)8%4$1/$%e6&$%-$/%(&)6)23$/%40&6+$/%7$&/8,%-+',&(9$%-?D&)/606$m>%$1%&+B+&$1($%\%F'',13$8%},16>%+(&)7,16%-,1/%/,%(&)6)23$%-$/%K,6+50&)$/-?D&)/606$>%23$%($66$%-)7)/)01%a%1$%4&07)$16%4,/>%\%8,%B,T01%-?31$%&9,4/0-)$>%-?31$%&$(9$&(9$%$16&$4&)/$,3%4$6)6%@019$3&>%-$%(01($46/%43&/>%-016%8?+13'+&,6)01%1$%4$36%C,',)/%e6&$%($&6,)1$%~�Ä%b%k()6+%4,&.$&&)-,>%S*%.()>%4;%!!!o%<*".*.()>%PU>%4;%!!m;!ZV%<*".*.()>%"z#PU+#4;%!X%o%S*%.()#,(#3*#$:-3&)&$:-(>%4;%!!`;!Z^%<*".*.()+#"z#PU>%4;%!Y%o%S*%.()#,(#3*#$:-3&)&$:-(>%4;%!!`;!]Z%<*".*.()+#"zPU>%4;%!`%o%S*%.()#,(#3*#$:-3&)&$:-(>%4;%!!V;

V^

{(#$*%3(#$&/%#'%*9(%)(%#9(%)#2(#4/(#@(#"A("'(",)#$*)PLL>%+(&)6%<$1&)%=$/(9011)(%-,1/

31%40:'$;

K$% 23)% 1?,% 4,/% +6+% 73>% $6% 403&6,16% (?$/6% +7)-$16>% (?$/6% 23$% 8,% 23$/6)01% -?31

)1(01/()$16% 8)153)/6)23$% B,)6% 8$% (v3&% -$% 8,% &+B8$[)01% -$%A$17$1)/6$% ,3%'0'$16% 0g% )8

4,&8$% -$/% K,6+50&)$/% -?D&)/606$;% S?)1(01/()$16% -?D&)/606$% $/6% )1-)//0(),@8$% -$% /,

-+(037$&6$;

A$17$1)/6$% &$40/$% 8$% 4&0@8:'$% 6&,-)6)011$8% -$/% (,6+50&)$/% -$% 4$1/+$% $6% -$/

(,6+50&)$% -$% 8,153$% $1% 8$% 6&,)6,16% \% 6&,7$&/% 31% a%$[$'48$%b>% ($83)% -$/% B*'5.&%-()

-?D&)/606$;% J8% +(&)6% $1% $BB$6% a%K$4$1-,16% 103/% 1$% 403701/% (016)13$&>% ,4&:/% 6,16

-?,36$3&/>% \% 40/$&% 8$% 4&0@8:'$% $1% 6$&'$/% ,3//)% 5+1+&,3[;% J8% 103/% B,36% $16&$&% -,1/% 8$

(01(&$6%-?31$%/)63,6)01%9)/60&)23$>%/(&36$&%8$/%(,6+50&)$/%-?31$%4$1/+$%$6%-?31$%8,153$

-+B)1)$/%b!]!;%f1%4$36%106$&%23$%A$17$1)/6$% &$4&0(9$% ,3[%49)80/049$/%-$%1$%4,/% e6&$

9)/60&)$1/% k$69108053$/>% $6% 8)153)/6$/m>% -$% /$% 40/$&% 8$% 4&0@8:'$% -$%',1):&$% 5+1+&,8$

/,1/%a%$16&$&%-,1/%8$%(01(&$6%-?31$%/)63,6)01%9)/60&)23$%b%403&%a%/(&36$&% 8$/%(,6+50&)$/

-?31$%4$1/+$%$6%-?31$%8,153$%-+B)1)$/%b;%K$%23$%83)%7,%B,)&$;

U1$%4,&6)$%-$%8?,&6)(8$%B,)6%$1%$BB$6%8?,1,8H/$%-$%8?31$%-$/%6,@8$/%-$/%(,6+50&)$/

23?D&)/606$%,)6%4&040/+$/>% 6,@8$%23$%A$17$1)/6$%,44&0(9$% )()%a%/,1/%4&+0((34,6)01%-$

6$(91)()6+%49)80/049)23$>%/)'48$'$16%(0''$%8?)17$16,)&$%-$/%4&04&)+6+/%23?31%4$1/$3&

5&$(% C35$,)6%4&+-)(,@8$/%-?31%0@C$6>%$6%4,&% /3)6$%(0''$% 8,% 8)/6$%-$/%(01($46/%*#$%-&%-

23)>% /$801% 83)>% 0&5,1)/$16% 8?$[4+&)$1($%b!]";% a%Q,1/% 4&+0((34,6)01% -$% 6$(91)()6+

49)80/049)23$%b>%',)/% 1+,1'0)1/>% C$% (&0)/>% ,3% (v3&% -$% 8,% 4$1/+$% -?D&)/606$>% 43)/23$

A$17$1)/6$% (0''$1($% )()% 8?,1,8H/$% -$% 2(# 4/A/"# $(")(/%# .%(2#4037,)6% (01($70)&;% F6

4$36Pe6&$% (016)1c'$16% \% D&)/606$>% +6,16% 23$/6)01% -?$[4+&)$1($>% -?$'4)&)/'$>

-?)1(01/()$16;% .$&&)-,% 103/% &,44$88$% 23?D&)/606$>% +6,@8)//,16% ($66$% 8)/6$!]X% -$/

(,6+50&)$/>%/,7,)6%@)$1%23?)8%/$%40/,)6%31$%23$/6)01%\%4&040/%-3%8,15,5$%k$6%+7)-$''$16

A$17$1)/6$>%(016&,)&$'$16%\%($%23$%-)6%.$&&)-,>%1?,((3/$%4,/%D&)/606$%-$%1$%4,/%$1%e6&$

(01/()$16%h%($%1?$/6%4,/%/01%4&040/m;%i0)()%31%4,//,5$%-$% 8,%4&+/$16,6)01%-?31$%,36&$

6,@8$% -$/% (,6+50&)$/% -,1/% 8,%S5'*$:Q)-4/(% kF!% ]Z!`% *% ""m%h% (?$/6% 8,% 6&,-3(6)01% 23$

-011$%.$&&)-,% ,7$(% 23$823$/% 106$/% M% a%S?+6,16% 4&04&$'$16% -)6% ~6&,-3(6)01% (01/,(&+$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!]]%<$1&)%=$/(9011)(>%Y&Q*.(/%)#,(#3*#9&-N>%i$&-)$&>%G,&)/>%]^VY>%4;%"_;!]!%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%*,88)',&->%G,&)/>%]^``>%4;%`Y;!]"%IO-,;>%4;%`Y;!]X%J8%+6,)6%23$/6)01%-$%a%8)/6$%b%$6%-?+13'+&,6)01%b%,3%-+@36%-$%8?,&6)(8$;

^Z

403&%'&#*$3|)#3(.&7("&";%F$3|)%M%/)'48$'$16>%B&,1(9$'$16>%$1%31%'06>%/,1/%-+603&Ä%/$

-)6%'386)48$'$16%k$&33*\|)#3(.('*-m%b!]Y;%.$&&)-,%,%$1%$BB$6%&,)/01%-$%-)&$%23?a%D&)/606$

/,)6% -01(% 23?)8% )16$&&05$% -$/% 7*"-;%()# ,(# ,-%(% 8?+6,16% $1% 6,16% 23?)8% $/6% $&33*\|)

3(.&7("&"%b!]`;%G,&%(016&$% )8% B,)6% B,3//$%&036$>%$6%G)$&&$%D3@$123$% B,)/,)6%-+C\% B,3//$

&036$>%$1%4$1/,16%23$%8$%4&040/%-$%A$17$1)/6$%+6,)6%-?)'436$&%\%D&)/606$%-$%1?,70)&%4,/

/3%23$% /01%23$/6)011$'$16% 40&6,)6% /3&% -$/% a%',1):&$/% -$%-)&$%b;%U1$% 106$% -$% @,/% -$

4,5$>%-,1/%8$%6$[6$%-$%.$&&)-,>%&$170)$%\%31%4,//,5$%-3%6$[6$%-$%G;%D3@$123$%k23$%C?,)

-+C\% ()6+% 483/% 9,36m%M% a%J8% B,36% -01(% &$101($&% \% )'436$&% \% D&)/606$% 31$% 4&+6$1-3$

s)1(01/()$1($t%-$/%&,440&6/%-$%/01%0160805)$%,3%8,15,5$%b;%i0)()%\%4&+/$16%($%23?+(&)6

A$17$1)/6$% \% 8,% /3)6$% -$% 8?,1,8H/$% 23?)8% -011$% -$/% (,6+50&)$/% -?D&)/606&$;% K?$/6% ($

4,//,5$% 23)% ,3&,% 9$3&6+% 8$/% 49)80/049$/% (0''$% #;% .$&&)-,>% #;% i3)88$')1>% 03% G;

D3@$123$%M

F1% +8,@0&,16% ($66$% 6,@8$% -$/% a%(,6+50&)$/%b>% D&)/606$% ,7,)6% $1% 73$% -$% &$($1/$&% 603/% 8$/4&+-)(,6/% 40//)@8$/% -$% 8,% 4&040/)6)01>% /03/% ($66$% (01-)6)01% 23$% (9,23$% 6$&'$% Bc6/)51)B),16%\%8?+6,6%)/08+>%101%$15,5+%-,1/%31$% â >%-,1/%31%/H16,5'$%-)&)01/P103/;J1(01/()$''$16%)8%,%4&)/%403&%(&)6:&$%8,%1+($//)6+%$'4)&)23$%-?31$%(N$%())-&"#-)/6)1(6$403&% (9,(31% -$/% 4&+-)(,6/;% J8% +6,)6% -01(% 703+% \% &$6&037$&% /,1/% 8?,70)&% 70383% 8$/-)/6)1(6)01/% 23$% 8,% 8,153$% 'e'$% ',1)B$/6$% $16&$% 8$/% 4&)1()4,8$/% (8,//$/% -$% B0&'$/>43)/23$% (?$/6% 4,&% 8$3&/% -)BB+&$1($/% 23$% ($/% B0&'$/% $6% ($/% (8,//$/% 016% 31$% /)51)B)(,6)018)153)/6)23$;% J8% 4$1/,)6% -+B)1)&% 8$/% ,66&)@36/% -$/% 0@C$6/%h% )8% 1$% 40/$% 23$% -$/% e6&$/8)153)/6)23$/%M% (?$/6% 8,% 8,153$% 23)>% 5&|($% \% /$/% 4&04&$/% (,6+50&)$/>% 4$&'$6% -$% 8$/&$(011,{6&$%$6%-$%8$/%/4+()B)$&;!]_

G03&% A$17$1)/6$>% )8% +6,)6% -+C\% (8,)&% 23?D&)/606$% /$% 40/,)6% 31$% 23$/6)01% -$

5&,'',)&$% 43)/23?%)8% a%,7,)6% $1% 73$% -$% &$($1/$&% 603/% 8$/% 4&+-)(,6/% 40//)@8$/% -$% 8,

4&040/)6)01%b!]V;%J8%/$%40/$%31$%23$/6)01%-$%5&,'',)&)$1%/$801%8$%'0-:8$%23?)8%(01T0)6>

23?)8% )17$16$>%$6%23)%$/6%($83)%-$% 8,%$%&$&)-'-&">%($%'0-:8$%+6,16%0&5,1)/+%4,&%a%e6&$%b

23)% $/6% 8,% a%(01-)6)01% -$% 603/% 8$/% 4&+-)(,6/%b!]^;% K$%'0-:8$% ,44,&,{6% )''+-),6$'$16

-,1/% 8,%',1):&$% -016% 8$% 4&0@8:'$% $/6% 40/+>% a%(9,(31$% -$/% $[4&$//)01/% 1?$16&,16% 4,/

-,1/% 31$% (0'@)1,)/01% /)51)B)$% ~�Ä%b;% A$17$1)/6$% 6&,-3)6% 6&,-3)&$%a%'|"# stu

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!]Y%<*".*.()+#"zPU>%4;%!Z%o%S*%.()#,(#3*#$:-3&)&$:-(>%4;%!]^;!]`%<*".*.()+#"zPU>%4;%!Z%o%S*%.()#,(#3*#$:-3&)&$:-(>%4;%!]^;!]_%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%_Z;!]V%a%K9,(31$%-$/%$[4&$//)01/%1?$16&,16%4,/%-,1/%31$%(0'@)1,)/01%/)51)B)$%M%8,%)/O)'*"2(>%03%2&7O-(">03%4/(3>%03%%(3*'-9(7("'#g#4/&->%03%&}>%03%4/*",>%03%o'%(#("#$&)'/%(>%03%o'%(#("#5'*'>%03%=*-%(>%03%)/O-%%b>6&,-3(6)01%4,&%F;%A$17$1)/6$%k4;`Ym;%#$%1$%-011$%23$%8$%-+@36%-3%6$[6$%5&$(>%23)%103/%)16+&$//$%)()>%$6%23$C$%6&,1/8)66:&$%M%a%R|"#\*'g#7;,57~*"#)Q7$3&\;)#3(.&7;"|"#5\*)'&"#;'&-#&/)-*#);7*-";-#;#$&)&"%bB*'5.&%-()>%K9,4)6&$%Ji;!]^%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%_Z;

^]

3(.&7("|"#b% 4,&% a%$[4&$//)01/%b;% .?,36&$/% 6&,-3(6)01/% -3% 6$[6$% -$/%B*'5.&%-()% 7016

4&040/$&% -$% -)&$% k01% /038)51$m%M% a%2(# 4/-# )(# ,-'% /,1/% (0'@)1,)/01%/)51)B)$% ~�Ä% b

kR&+-+&)23$% J8-$B01/$% $6% #$,1% S,8806>% ,3% Q$3)8m>% 03% a%<()# 7&')>% 23,1-% )8/% /016% 4&)/

)/08+'$16>% $[4&)'$16% (9,(31% 8n31$% -$/% (90/$/% /3)7,16$/%~�Äb% kA,&69+8$'H% Q,)16

<)8,)&$m>%a%2:*2/"#,()#'(%7()#4/-#)&"'#,-')%/,1/%,3(31$%(0'@)1,)/01%)1-)23$%b>%kG)$&&$

G$88$5&)1% $6% =)(9$8% K&3@$88)$&>% (9$I% R8,'',&)01m;% Q$38% #;% O&)(06% ki&)1m% 4,&8$

-?a%$[4&$//)01/%b%M%a%S$/%$[4&$//)01/%/,1/%,3(31$%8),)/01%/)51)B)$16%~�Ä%b!!Z;%K$%23?01

-0)6% &$',&23$&% (?$/6% 8,% &$4&)/$% 23$% A$17$1)/6$% B,)6% -$% ($% 6$&'$% 31% 4$3% 483/% 80)1% M

a%J1(01/()$''$16% )8% ,% 4&)/% 403&% (&)6:&$% 8,% 1+($//)6+% $'4)&)23$% -?31$% (N$%())-&"

-)/6)1(6$%403&%(9,(31%-$/%4&+-)(,6/%b;%S$%6$&'$%$/6%$1%)6,8)23$%-,1/%8$%6$[6$>%)8%$/6%-01(

4,&6)(38):&$'$16%,(($163+>%$6%\%&$',&23$&;%F1%-)/,16%a%$[4&$//)01%b%A$17$1)/6$%-+B)1)6

31%&,440&6%4,&6)(38)$&>%$1%6036%(,/%-)BB+&$16%-$%($83)%40/+%4,&%8$/%,36&$/%6&,-3(6)01/;%F1

6&,-3)/,16%a%(9,(31$%-$/%$[4&$//)01/%1?$16&,16%4,/%-,1/%31$%(0'@)1,)/01%/)51)B)$%b>%)8

'$6%$1%,7,16%31$%,(6)7)6+%-$%,-)2&/%);%.?31$%',1):&$%-)BB+&$16$>%8$/%,36&$/%6&,-3(6)01/

B016%-)&$%\%D&)/606$%31%&,440&6%&+,8)/6$%,3%8,15,5$%M%a%(9,(31%-$/%6$&'$/%23)%/016%-)6/%b>

a%8$/% '06/%b>% a%($% 23)% /$% -)6% /,1/% (0'@)1,)/01%b% k'e'$% /)% 01% $16$1-% )()% 23?)8% $/6

23$/6)01%-$%a%-)&$%b>%',)/%-,7,16,5$%-?31%a%-)&$%230)%b%23$%-?31%a%-)&$% (0''$16%bm;

K?$/6%-$%8,%-+(037$&6$>%-,1/%31%4&+/$16>%-$%',1):&$/%-$%-)&$>%4,&%31%/3C$6%/+4()B)23$>

-016%)8%$/6%23$/6)01%80&/23$%A$17$1)/6$%4,&8$%-?a%$[4&$//)01%b;%A$17$1)/6$%'$6%8?,(($16

/3&% 31% 4&0(:/>% /3&% 8,% -+(037$&6$% -?31$% 5&,'',)&$%M% -$% (,6+50&)$/% -$% 4$1/+$% $6% -$

(,6+50&)$/%-$%8,153$%)1-)//0(),@8$'$16;

S0&/23$% A$17$1)/6$% +(&)6% a%J1(01/()$''$16% )8% ,% 4&)/% 403&% (&)6:&$% 8,% 1+($//)6+

$'4)&)23$%-?31$%(N$%())-&"#-)/6)1(6$%403&%(9,(31%-$/%4&+-)(,6/%b>%a%)1(01/()$''$16%b

1$% -)6% 4,/% 31$% '+(011,)//,1($;% D3% (016&,)&$>% (?$/6% 8,% -+(037$&6$% -?31% /,70)&% 4,&

8?)17$16)01% -?31$% $[4&$//)01>% 8,% -+(037$&6$% -?31% -)&$>% -?31$% $[4+&)$1($% 1037$88$;

a%J1(01/()$''$16%b% &$4&$1-% 8,% &+B8$[)01% -3% -+@36% -$% 8?,&6)(8$>% \% 4&040/% -?31

)1(01/()$16% 8)153)/6)23$%M%a%103/%1?,701/%,3%483/%23?31$%(01/()$1($%B,)@8$%$6% B35)6)7$

-$/%04+&,6)01/%23$%103/%,((0'48)//01/%403&%4,&8$&%b;%K$6%)1(01/()$16%$/6%31%/,70)&%$1

,(6$>% )8% $/6% a%1+($//)6+% $'4)&)23$%b>% 8?)17$16)01% -?31$% 1+($//)6+;% K$66$% 1+($//)6+% $/6

9)/60&)23$>%($%23)%$/6%8$%/$1/%-$%8?$'4)&)23$>%-$%8?$[4+&)$1($;%K$%23$%A$17$1)/6$%70)6>

(?$/6% 8?)17$16)01% -3%'0-:8$% -$% 8,% 4&040/)6)01% (9$I%D&)/606$%M% ($% a%(&)6:&$% ~�Ä% -?31$

(N$%())-&"# -)/6)1(6$% 403&% (9,(31% -$/% 4&+-)(,6/%b% 1$% 7,% 4,/% -$% /0)6%h% )8% ,44,&6)$16% \

8?)17$16)01%-?31$%5&,'',)&$%4,&6)(38):&$>%\%($&6,)1%'0'$16%-$%8?9)/60)&$>%\%31%($&6,)1%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!!Z%D&)/606$>%!%.*"&">%6&,-3(6)01%-$%#;%O&)(06>%S)@&,)&)$%49)80/049)23$%i&)1>%G,&)/>%]^``>%4;Y

^!

$1-&0)6%-3%580@$;%K0''$%C$% 8?,)%-)6%-+C\>%($6% )1(01/()$16%23$%A$17$1)/6$%'$6%,3% C03&

103/% &$170)$%\%106&$%4&04&$% )1(01/()$16>%103/% &,44$88$%23$%10/%',1:&$/%-$%-)&$% /016

)1(01/()$16$/;%U1$% B0)/%-$%483/% 8$% &$5,&-%$/6% &$1-3%4,&% 8$% &$5,&-;% J8%'$% /$'@8$%-01(

23?)8%1$% /?,5)6%4,/% /$38$'$16%403&%A$17$1)/6$%-$%-)&$%23$% 8$%49)80/049$%(&0H,16%e6&$

-,1/%31%&,440&6%)''+-),6%,3[%(90/$/%03@8)$%23?)8%$/6%$1%6&,)1%-$%4,&8$&%-,1/%/,%8,153$>

($%23)%1?$/6%-?,)88$3&/%É%)8%/$'@8$%É%4,/%8$%(,/%-?D&)/606$>%23)%)16$&&05$%1$66$'$16%-$/

',1):&$/%-$%-)&$;%S,%&+B8$[)01%-$%A$17$1)/6$%$/6%,36&$>%$88$%40&6$%/3&%31%)1(01/()$16%23)

$/6%(01/6)636)B%-3%-)/(03&/;

S?(7$-%-4/(# 23$% .$&&)-,% ,1,8H/$% (0''$% 31% &$4&0(9$% $17$&/% D&)/606$% 80&/23$

A$17$1)/6$%+(&)6>%a%J1(01/()$''$16%)8%,%4&)/%403&%(&)6:&$%8,%1+($//)6+%$'4)&)23$%-?31$

(N$%())-&"#-)/6)1(6$%403&% (9,(31%-$/%4&+-)(,6/%b>% -0)6% /$801%'0)% e6&$%')/% $1% &$8,6)01

,7$(%8,%4$1/+$%-$%8?$'4)&)23$%-+7$8044+$%4,&%D&)/606$%83)P'e'$;%l01%4,/%23$%($%8)$1

1$% /0)6% 4,/% B,)6% 4,&% .$&&)-,>% 23)% &,44$88$% ,7$(% <$)-$55$&% kH-(# �(-'# ,()# ](3'O-3,()>

]^"Vm% 23$% a%(?$/6%D&)/606$% 23)% 8$% 4&$')$&>% ,% (0'4&)/% ($% 23$% /)51)B),)6% (7$(-%-*%b!!];

=,)/% .$&&)-,% 1$% 70)6% 4,/% 23$% /)% A$17$1)/6$% -)6% a%$'4)&)23$%b% )()>% (?$/6% 23?)8% +6,@8)6

23$823$%(90/$%-$%6&:/%4&+()/>%$6%23)%(,&,(6+&)/$%8,%-+',&(9$%-?D&)/606$%4,&6)(38):&$'$16>

$1%'e'$%6$'4/%23$%6036$%-+',&(9$;%O036$%-+',&(9$%$1%6,16%23?-"2&")2-("'(;%.$&&)-,

70)6% @)$1% 23?a%$'4)&)23$%b% $6% a%)1(01/()$''$16%b% /016% \% $16$1-&$% $1/$'@8$>%',)/% 8,

8),)/01% 23?)8% B,)6% $/6% 31$% 8$(63&$% -$% A$17$1)/6$% \% (016&$% /$1/% k$6% )&01)23$m%M% a%=,)/

D&)/606$%/?$/6% B,)6% )883/)01%("#$%*'-4/(%M%4,&($%23?)8% ,%(&3%\%31$% '*O3(% $6% /3&6036%4,&($

23$>% 4,&% )1(01/()$1($% $6% $'4)&)/'$>% )8% ,% (01B01-3% ($% 23?)8% ,3&,)6% -c% -)/6)153$&%b!!!;

l0601/% 23$% .$&&)-,% -011$% 31$% -+B)1)6)01% ,//$I% 4$3% ,&)/606+8)()$11$% -$% 8?$'4)&)()6+>

+(&)7,16%M%a%S,%7,8$3&%-?$'4)&)()6+%1?,%C,',)/%43%/$%&,440&6$&>%$1%-$&1):&$%,1,8H/$>%23?\

8,%7,&),@)8)6+%-$%-011+$/%/$1/)@8$/%$6%)1-)7)-3$88$/%h%4,&%$[6$1/)01>%\%6036$%4,//)7)6+%03

,(6)7)6+% /,1/% (01($46>% 4,&% $[$'48$>% 403&% ()6$&% S$)@1)I>% \% s31$% /)'48$% 4&,6)23$% /,1/

69+0&)$t!!";%~�Ä%K$8,%1?)'48)23$%4,/%23?D&)/606$%/0)6%8?,36$3&%03%8?0&)5)1$%-3%(01($46

-?$'4)&)()6+>% 'e'$% /)% 8?0440/)6)01% -$% 8?$'4)&)23$% $6% -3% 69+0&)23$% k-$% 8?,P4&)0&)>% -3

/()$16)B)23$>% -$% 8?0@C$(6)B>% -3% /H/6+',6)23$>% $6(;m% $17$8044$% -?31$%',1):&$% 03% -?31$

,36&$% 8,%'+6,49H/)23$% -?D&)/606$% %b!!X;% J8% 1$%'$% /$'@8$% 4,/% 23?D&)/606$% +6,@8)//$% -$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!!]%R0&'38,6)01%$//$16),8)/6$>%&$',&2301/P8$>%(,&%8$%(01($46%,3%8)$3%-?e6&$%(01T3%(0''$%+6,16%\%(9,23$)1/6,16%31%4&0C$6>%$/6%-+B)1)%(0''$%31$%$//$1($>%31$%7+&)6+%(,(9+$>%-,1/%8$%'06>%-,1/%8?0&)5)1$;!!!%S*%.()>%4;%!!^%o%<*".*.()>%!X>%4;%!_;!!"%~l06$%-$%.$&&)-,%M%Ä%S$)@1)I>%S&"*,&3&.-(>%Ü!V;!!X%S*%.()>%4;%!!^P!"Z%o%<*".*.()>%!X>%4;%!_P!V;

^"

6$88$/% -+8),)/01/>% )8%'$% /$'@8$% ,3% (016&,)&$% 23?)8% 4$&'$6% -$% 1$%4,/% /+4,&$&% ($% 23$% 8$

48,601)/'$%6$1,)6%-)/C0)16>%8?$[4+&)$1($%/$1/)@8$%$6%8?$[4+&)$1($%)16$88$(6)7$>%(0''$%8$

'016&$% 8,% B0&'38$% ,&)/606+8)()$11$% 23)% 40/$% 8,% -+B)1)6)01% -$% 8?$'4)&)23$>%"-:-3# ()'# -"

-"'(33(2'/#4/-,#"&"#$%-/)#=/-(%-'#-"#)(")/PPC;%K$%23)%$/6%8,%(&)6)23$%-?31$%a%4&,6)23$%/,1/

69+0&)$%b;% F6% A$17$1)/6$% C3/6$'$16% '016&$% (0''$% 8,% 4&,6)23$% 5&,'',)&)$11$

-?D&)/606$%$/6%69+0&)23$;%Q?)8%4,&8$%-$%a%1+($//)6+%$'4)&)23$%b>%($66$%1+($//)6+%1?,%&)$1

-?31)7$&/$88$%$6%/,1/%(01($46>%$88$%1?$/6%101%483/%,&@)6&,)&$%,3%/$1/%B,)@8$%-3%6$&'$!!`%ka

8,%7,&),@)8)6+%-$%-011+$/%/$1/)@8$/%$6% )1-)7)-3$88$/%bm%>%,3%(016&,)&$%$88$%$/6%$'4)&)23$

(,&%8?)163)6)01%-?31$%($&6,)1$%&$4&+/$16,6)01%-$%8,%8,153$;

.$&&)-,% '$6% $1% &$8,6)01>% ,7$(% &,)/01>% ($66$% a%1+($//)6+% $'4)&)23$%b>

a%)1(01/()$''$16%b%$6% 8?$[4&$//)01%a%/,1/%8?,70)&%70383%b%23)%,44,&,{6%-,1/% 8,%49&,/$

23)% /3)6%M% a%J8% +6,)6% -01(% 703+% \% &$6&037$&% /,1/% 8?,70)&% 70383% 8$/% -)/6)1(6)01/% 23$% 8,

8,153$%'e'$%',1)B$/6$%b% k,7$(% 31$% /3)6$% 4&0/0-)23$% \% &$',&23$&>% 9&/5# g# %('%&/9(%

)*")#3A*9&-%#9&/3/m;%.$&&)-,%+(&)6%M

z3$% 7$36% -)&$% )()% a%$'4)&)23$%b%p% G&)/$% \% 8,% 8$66&$% ($66$% $[48)(,6)01% /3440/$&,)623?D&)/606$>% -)/40/,16% -?,36&$% 4,&6>% 90&/% -$% 8,% 8,153$>% -$% 4&+-)(,6/>% 03% -$% (8,//$/% -$4&+-)(,6/%$(")*O3()>% $6% -$7,16% 8,%1+($//)6+%(7$-%-4/(% -?$[4&)'$&% ($/% (016$13/% k8$%'06(N$%())-&"%$/6%/038)51+%4,&%A$17$1)/6$m>%,3&,)6%(01B01-3%8,%-)/6)1(6)01%-$/%4&+-)(,6/%$6%8,-)/6)1(6)01%-$/%$[4&$//)01/;%J8%,3&,)6%4&)/%8,%(9,{1$%-$/%31)6+/%-?$[4&)',16/%403&%($88$%-$/31)6+/% -?$[4&)'+/;% a%J1(01/()$''$16%b>% $6% /,1/% 8?,70)&% 70383>% )8% ,3&,)6% 4&)/% 8,% a%(8,//$-$/%B0&'$/%b>%6$88$%23$%8?0BB&$%8$%/H/6:'$%-$%8,%8,153$>%403&%8$%/H/6:'$%-$%8?$[4&)'+%03-$%8?$[4&)',@8$;%!!_

S,%-)7)/)01%$16&$%a%$[4&)'+%b%$6%a%$[4&)',16%b%23$%.$&&)-,%,66&)@3$%\%A$17$1)/6$>

/$'@8$%/$%&,66,(9$&%\%8,%6&,-)6)011$88$%4$1/+$%-3%/)51$>%23)%-)7)/$%$16&$%31%a%/)51)B)+%b

$6% 31% a%/)51)B),16%b>% $16&$% 8,% 4$1/+$% $6% 8$% 8,15,5$;% A$17$1)/6$% 1?,66&)@3$>% C$% (&0)/>

,3(31$%(01B3/)01%\%D&)/606$;%Q01%6&,7,)8%$/6%,)88$3&/>%$6%)8%$/6%-?,36&$%4,&6%4&0B01-+'$16

,&)/606+8)()$1;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!!Y%O90',/%-nD23)1>%H(#Y(%-'*'(>%2;%!>%,;%">%,-%]^;f1%6&037$%$1%B,)6%-$3[%7$&/)01/%-$%($66$%B0&'38$>%8?31$-)/,16%a%"&"#$%-/)#=/(%-'%b%$6%8?,36&$%i#"&"#)-'#$%-/)%b;%S,%7,8$3&%1?+6,16%4,/%8,%'e'$;%a%c-:-3#()'#-"-"'(33(2'/#4/&,#"&"#$%-/)#=/%-'#-"#)(")/#b>%40/$%31$%7,8$3&%-?9)/60&)()6+>%-?$'4)&)()6+>%-$%4&+/$1($%,34&+/$16%$6%-$%4&+/$1($%\%603/%8$/%6$'4/>%-?+8,1%$6%-?)1B)1)>%23$%1$%40/$%4$36Pe6&$%4,/%8,%B0&'38$%,7$(a%)-'#b%k31%/3@C01(6)B>%23)%1?$/6%4,/%31%6$'4/m>%23)%+101($%31$%7+&)6+%-?0&-&$%5+1+&,8;!!`%.$&&)-,%'$6%,3//)%$1%&$8,6)01%8?$'4)&)23$%,7$(%8,%(&)6)23$%-$%&9,4/0-)$%23?)8%$/6)'$%8)&$%(9$I%F;%},16>a%\%8,%B,T01%-?31$%&9,4/0-)$>%-?31$%&$(9$&(9$%$16&$4&)/$%,3%4$6)6%@019$3&>%-$%(01($46/%43&/>%-0168?+13'+&,6)01%1$%4$36%C,',)/%e6&$%($&6,)1$%~�Ä%b%k()6+%4,&%.$&&)-,>%S*%.()>%4;%!!!o%<*".*.()>%PU>%4;%!!m;!!_%<*".*.()+#"zPU>%4;%!`%o%S*%.()#,(#3*#$:-3&)&$:-(>%4;%!!_P!!V;

^X

%a%K?$/6% ($% 23?01% 4$36%,-%(% 23)% -+8)')6$% $6% 0&5,1)/$% ($% 23?01% 4$36% 4$1/$&%b!!V>

+(&)6%A$17$1)/6$;%H-%(%$/6%,(($163+%É%(0''$%9-9%(%-,1/%8,%49&,/$%a%@)$1%,7,16%-$%/$&7)&

\%(0''31)23$&>%8$%8,15,5$%/$&6%\%9-9%(%b!!^%M%($%1?$/6%4,/%/$38$'$16%8$%-)/(03&/%23)%$/6

/038)51+>%(?$/6%/01%)1B)1)>%(0''$%($83)%-3%7)7&$>%8$3&%)'4&+-)(6)@)8)6+%M%a%($%23?01%4$36

,-%(%b;%f1%&$4$1/$%\%31$%B0&'38,6)01%-$%Q,3//3&$>%80&/23$%($83)P()%-+B)1)6%8,%&+,8)6+%-$

8,%8,153$%ka%($%23)%$/6%&+$8%bm>%(?$/6P\P-)&$%403&%83)%8$%)("'-7("'#,(#3*#3*"./(%M%a%K$%23)

$/6%&+$8>%(?$/6%($%-016%8$/%/3C$6/%4,&8,16/%016%(01/()$1($%\%31%-$5&+%23$8(0123$%h%6036%($

-016% )8/% 016% (01/()$1($% $6% &)$1% 23$% 2(% -016% )8/% 4$37$16% ,70)&% (01/()$1($%b!"Z% k8$

/038)51$'$16%$/6%-$%Q,3//3&$m>%a%($%b%,H,16%)()%($66$%'e'$%7,8$3&%-?)1B)1)>%-?)1-+B)1)>

-?)'4&+-)(6)@8$%h%(0''$%8$%7$&@$%a%40370)&%bm;

F(&)7,16% a%/,1/% 8?,70)&% 70383%b>% A$17$1)/6$% 40/$% 8$% 4&0@8:'$% -?31$% 9&3&"'5>

-?31$% -"'("'-&"% -,1/% 8$% 8,15,5$;% J8% 1?H% ,% 4,/% 403&% 83)% -$% 708)6)01>% -$% ',{6&)/$>% -$

4&+'+-)6,6)01%-,1/%8$%8,15,5$>%-,1/%8,%4$1/+$;%=,)/%31$%$'4)&)()6+>%31%)1(01/()$16!"]>

23)% $/6% 31% ,36&$% /$1/% -3% 70380)&% $6% -$% 8?)163)6)01;% U1$% ("(%.(-*>% ,3% /$1/% -$

<3'@08-6!"!;%S,%49&,/$>%-3#5'*-'#,&"2#9&/5#g#%('%&/9(%#)*")#3A*9&-%#9&/3/>%'$6%-,1/%31$

(016)13)6+% 4&0/0-)23$>% 9&/5% É% g# %('%&/9(%% É% )*")# 3A*9&-%# 9&/3/>% -011$% +(90% \% ($66$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!!V%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%_Z;!!^%F')8$%A$17$1)/6$>%a%S,%B0&'$%$6%8$%/$1/%-,1/%8$%8,15,5$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>4;%!]_;!"Z%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/%!ZZ!>%4;%]V";D%4&040/%-$%8?$[4&$//)01%-?31$%a%&+,8)6+%b>%10601/%-,1/%8$%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(%k4;%]!Vm%($66$B0&'38,6)01%)'40&6,16$>%a%S,%/H1(9&01)$%1$%(011,{6%23?31$%4$&/4$(6)7$>%($88$%-$/%/3C$6/%4,&8,16/%$6%6036$/,%'+690-$%(01/)/6$%\%&$(3$)88)&%8$3&%6+'0)51,5$%h%403&%/,70)&%-,1/%23$88$%'$/3&$%31$%(90/$%$/6%31$&+,8)6+%)8%B,3-&,%$6%)8%/3BB)&,%-$%&$(9$&(9$&%-,1/%23$88$%'$/3&$%$88$%$[)/6$%403&%8,%(01/()$1($%-$/%/3C$6/4,&8,16/%b;!"]%#$%&$170)$%\%'01%,1,8H/$%483/%80)1%k4;]ZZm>%\%4&040/%-$%8?,&6)(8$%-$%A$17$1)/6$%/3&%R&$3->%$6106,''$16%\%106&$%,1,8H/$%-$%8,%106)01%-?a%)16$16)011$8%b>%A$17$1)/6$%6$&')1,16%/01%,&6)(8$a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%4,&%($66$%49&,/$%M%a%K$%23n)8%H%,-n)16$16)011$8%-,1/%8,%'06)7,6)01%5037$&1$%0@/(3&+'$16%8,%',1):&$%-016%8n)17$16$3&%-n31%/6H8$%B,T011$%8,',6):&$%(0''31$>%$6>%\%/,%',1):&$%/nH%-+8)7&$;%K,&%($%23n01%,44$88$%)1(01/()$16%$/6%&$/401/,@8$%-$%8,',1):&$%-016%8n)1-)7)-3%(01/6&3)6%/,%4$&/011$>%-$%($%23n)8%H%,BB)&'$%03%-$%($%23n)8%&$C$66$%03%)510&$>%($()'06)7,16%($8,%b;%i0)&%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%V_;!"!%aH-(#>$%*2:(+#-"#-:%(7#^-%\3-2:("#]()("#*/=.(=*))'+#-)'#('^*)#O()'j",-.#/",#-"#@(,(7#F/.("O3-2\(Y&%ÄO(%.(:(",()#000#>-(#)(3O)'#-)'#\(-"#](%\#b1%.&"_+#)&",(%"#(-"(#R:j'-.\(-'#b1"(%.(-*_0#I:%(#^*:%(H(=-"-'-&"#\*""#,*:(%#"/%#(-"(#.("('-)2:(#)(Q"0#>-(#-)'#"(73-2:#,-(#)-2:#(^-.#^-(,(%:&3(",(#F%O(-'#,()m(-)'()+#,("#*%'-2/3-%'("#<*/'#?/7#F/),%/2\#,()#m(,*"\(")#=j:-.#?/#7*2:("0#G"7-''(3O*%#/",#)'%("..("&77("+#-)'#,-()#,-(#H(=-"-'-&"#,()#@(,()7*3-.("#>$%(2:(")Å#*O(%#-7#^*:%("#/",#^()("'3-2:("#>-""(\*""#7*"#*/2:#"/%#.3(-2:)*7#,-(#R&'*3-'j'#,-()()#>$%(2:(")#*3)#,-(#>$%*2:(#*")(:("%b>%Ç)89$8'%701<3'@08-6>%ÇO(%#,-(#Y(%)2:-(,(":(-'#,()#7(")2:3-2:("#>$%*2:O*/()#/",#-:%("#1-"=3/É#*/=#,-(#.(-)'-.(1"'^-2\3/".#,()#S(")2:(".()2:3(2:')>%ÜV%ka%R0&'%-$&%Q4&,(9$1%bm;%O&,-3(6)01%4&040/+$%4,&%A,&@,&,#,16I$1%M%a%S$%8,15,5$>%4&)/%-,1/%/01%$//$1($%&+$88$>%$/6%23$823$%(90/$%-?+49+':&$%$1%4$&',1$1($%$6%\(9,23$%)1/6,16;%J8%1?$/6%4,/%31%037&,5$%k$&501m>%',)/%31$%,(6)7)6+%k$1$&5$),m;%Q,%7+&)6,@8$%-+B)1)6)01%1$4$36%-01(%e6&$%23$%5+1+6)23$;%F1%$BB$6>%)8%(01/6)63$%8$%6&,7,)8%603C03&/%&$1037$8+%-$%8?$/4&)6%403&%&$1-&$%8$/01%,&6)(38+%(,4,@8$%-?$[4&)'$&%8,%4$1/+$;%J''+-),6$'$16%$6%/6&)(6$'$16%4,&8,16>%($()%$/6%8,%-+B)1)6)01%-$(9,23$%4,&8$&%h%0&%7+&)6,@8$'$16%$6%$//$16)$88$'$16>%(n$/6%8,%606,8)6+%-$%($%4,&8$&%23n)8%B,36%(01/)-+&$&(0''$%+6,16%8$%8,15,5$%bm

^Y

"52())-'5#(7$-%-4/(%23?+101T,)6%C3/6$%,7,16%A$17$1)/6$;%S?)1(01/()$16%8)153)/6)23$>%$6

$1% ($8,% ,169&040805)23$>% 23$%-+(037&$%A$17$1)/6$>% \% 8,% /3)6$% -$%A0,/>% -$%Q,4)&>% B,)6

8?+8,1% -$% 8?9)/60)&$>% -$% 8,% 7)$% -$/% /3C$6/% $6% -$% 8,% /0()+6+;% L,44$801/% ($% 23$% -)/,)6

A$17$1)/6$% $1% ]^`V% \% 4&040/% -$% Q,3//3&$%M% a% S?9)/60)&$>% 403&% Q,3//3&$>% 1?$/6% 4,/

1+($//,)&$'$16% 31$% -)'$1/)01% -$% 8,% 8,153$>% $88$% 1?$1% $/6% 23?31$% -)'$1/)01/

40//)@8$/%$6%($%1?$/6%4,/%8?9)/60)&$%23)%B,)6%7)7&$%8$%8,15,5$>%',)/%4836w6%8?)17$&/$;%K?$/6

8$% 8,15,5$% 23)>% 4,&% /,% 1+($//)6+>% /,% 4$&',1$1($>% (01/6)63$% 8?9)/60)&$%b!"">% 0g% 103/

70H01/% 8$%(01($46%-$%a%1+($//)6+%b%,44,&,{6&$%\%1037$,3;%D3//)>% 80&/23$%103/% 8)/01/%M

a%J8%+6,)6%-01(%703+%\%&$6&037$&%/,1/%8?,70)&%70383%8$/%-)/6)1(6)01/%23$%8,%8,153$%'e'$

',1)B$/6$% $16&$% 8$/% 4&)1()4,8$/% (8,//$/% -$% B0&'$/%b%h% 103/% (0'4&$101/% ,3//)% 23?31$

9)/60)&$%-$/%)-+$/%$/6%,7,16%6036%31$%9)/60)&$%-$/%)-+$/%23?01%/$%B,)6%/3&%8$%8,15,5$;

A$17$1)/6$%+(&)7,)6%-,1/% 8$%-+@36%-$%/01%,&6)(8$>%a%f&>% )8%103/%/$'@8$%É%$6%103/

$//,)$&01/%-$%'016&$&%É%23$%($/%-)/6)1(6)01/%/016%-?,@0&-%-$/%(,6+50&)$/%-$%8,153$>%$6

23?$1%B,)6>%D&)/606$>% &,)/011,16%-?31$%',1):&$%,@/083$>%&$6&037$%/)'48$'$16%($&6,)1$/

-$/% (,6+50&)$/% B01-,'$16,8$/% -$% 8,% 8,153$% -,1/% 8,23$88$% )8% 4$1/$% b!"X;% A$17$1)/6$

)1-)23$%,)1/)%23?D&)/606$%/$%40/,16%31%4&0@8:'$%a%$1%,@/083%b>%-011,16%a%31%6,@8$,3%-$

(01-)6)01/% 5+1+&,8$/% $6% 4$&',1$16$/%b!"Y>% %('%&/9(% k10601/% ($% 6$&'$% 23$% 103/

,4$&($7)01/%C3/6$%,7,16m%/)'48$'$16%8,%',1):&$%-016%)*%8,153$%0&5,1)/$%8?$[4+&)$1($;

S,%(016)13)6+%-?31$%5&,'',)&$%$6%-?31%31)7$&/;%Q)%A$17$1)/6$%&,44$88$%,3[%49)80/049$/

23?01% 1$% 4$36% C,',)/% 4&+6$1-&$% ,66$)1-&$% -$/% &+,8)6+/>% -$/% $//$1($/>% -$/% 31)7$&/,3[

k&$',&2301/%23$%/01%,&6)(8$%4,&,{6%-,1/%8,%&$73$%<()#1'/,()#$:-3&)&$:-4/()>%31%13'+&0

(01/,(&+% ,3% 8,15,5$!"`m>% ,3P-$8\% )8% '016&$% 23?31$% )17$16)01% -$% 4$1/$&% $/6

1+($//,)&$'$16% 31$% )17$16)01% -$% 5&,'',)&$;% f1% &$4$1/$% \% ($% 23?+(&)7,)6% Q,4)&%\

4&040/%-3%49)80/049$>%,H,16%$16&$%8$/%',)1/%8,%5&,1-$%+1)5'$%-$%8?31)7$&/%ka%69$%5&$,6%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!""%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"]P"!;!"X%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%``;!"Y%IO-,;>%4;%_Z;!"`%G03&%31%+6,6%-3%23$/6)011$'$16>%)8%$/6%)16+&$//,16%-?+13'+&$&%8$/%,36$3&/%$6%8$/%)16)638+/%-$/%,&6)(8$/%-$($%13'+&0%X%-$/%1'/,()#$:-3&)&$:-4/()%(01/,(&+%,3%8,15,5$%MF')8$%A$17$1)/6$%É%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$#$,1%R03&23$6%É%G$1/+$%$6%5&,'',)&$*3/6,7$%*3)88,3'$%É%f@/$&7,6)01%$6%$[48)(,6)01%-,1/%8,%/()$1($%-3%8,15,5$#$,1%<H4408)6$%É%S$%(034%-$%-+/%-$%Q6+49,1$%=,88,&'+%$6%8$%'$//,5$D1-&+%#,(0@%É%z3?$/6P($%23$%4,&8$&%8$%'e'$%8,15,5$S069,&%}$8d$8%É%=01-$%$6%8,15,5$%h%&+B8$[)01%/3&%8,%49)80/049)$%-3%8,15,5$%-$%Ç)89$8'%701%<3'@08-6D8@$&6%Q9,80'%É%Ç)665$1/6$)1>%8$%8,15,5$%$6%8,%49)80/049)$

^`

&)--8$% 0B% 69$% 31)7$&/$%bm% M% a%R:/)# -""&2("'# 3-"./-)'-2# 2*'(.&%-()# 7*Q# '*\(# &"# ':(

=&%7-,*O3(# *$$(*%*"2(# &=# 2&)7-2# *O)&3/'()0# I=# &"3Q+# ':(%(=&%(+# '&# )*9(# :-7)(3=# =%&7

$:-3&)&$:-2# 9(%O*3-)7+# -'# ^&/3,# O(#^(33# =&%# ':(# $:-3&)&$:(%# '&# 3&&\# 2%-'-2*33Q# '&# ':(

3-"./-)'-2# =&/",*'-&")# *",# 3-7-'*'-&")# &=# :-)# ':&/.:'0# [(# ^&/3,# ':("# O(# )$*%(,# ':(

:/7-3-*'-".# ,-)2&9(%Q# ':*'# 7*"Q# "(^# -,(*)+# 7*"Q# *$$*%("'3Q# O%-33-*"'# $:-3&)&$:-2

2&"2($'-&")+# *%(# 3-''3(# 7&%(# ':*"# %(*%%*".(7("')# &=# =*7-3-*%# ^&%,)# -"# =&%7*33Q

)*'-)=Q-".#$*''(%");%b%!"_%É%a%D)1/)%-?)110($16$/%(,6+50&)$/%8)153)/6)23$/%4$37$16%&$7e6)&

8,%&$-036,@8$%,44,&$1($%-?,@/083/%(0/')23$/;%G,&%(01/+23$16>%1$%/$&,)6P($%23$%403&%/$

/,37$&% 83)P'e'$% -3% 7$&@,8)/'$% 49)80/049)23$>% )8% /$&,)6% @01% 403&% 8$% 49)80/049$

-?0@/$&7$&% -$% ',1):&$% (&)6)23$% 8$/% B01-,6)01/% $6% 8$/% 8)')6,6)01/% 8)153)/6)23$/% -$% /,

4$1/+$;% D80&/% )8% /?+4,&51$&,)6% 8,% -+(037$&6$% 93')8),16$% 23$% -$% 10'@&$3/$/% )-+$/

1037$88$/>% @$,3(034% -$% (01($46)01/% 49)80/049)23$/% ,44,&$''$16% @&)88,16$/>% /016% \

4$)1$%483/%23$%-$/% &+,&&,15$'$16/%-$%'06/% B,')8)$&/%-,1/%-$/%'0-:8$/% B0&'$88$'$16

/,6)/B,)/,16/%b;

O&,-)6)011$88$'$16>% 01% 8)&,% 23$% A$17$1)/6$% -+(037&$% 23$% 8$/% (,6+50&)$/% -$

4$1/+$/% 40/+$/% 4,&% D&)/606$% &$170)$16% ,3[% (,6+50&)$/% 8)153)/6)23$/% -$% 8,% 8,153$

5&$(23$>% ,3%')$3[% \% 31% +6,6% -$% 8,% 8,153$% 5&$(23$% ,3% Ji$% /):(8$% ,7,16% #+/3/PK9&)/6;

K$66$%73$%$/6%/)'48$'$16%B,3//$>%4,&($%23?31%+6,6%-$%8,153$%$1%6,16%23$%606,8)6+%/6,6)23$

$6%,@/6&,)6$%1?$[)/6$%C,',)/>%23?01%1?,%C,',)/%,BB,)&$%23?\%-3%-)/(03&/>%23?\%31%&,440&6

,3% -)/(03&/>% \% 4/(34/A/"# %5(33(7("'# ("# '%*-"# ,(# $*%3(%PVM;% A$17$1)/6$% 6&,7,)88$% \

-+(037&)&% 2&77("'% D&)/606$% &+)17$16$% 8,% 8,153$>% 8,% 4$1/+$>% 2&77("'% -$% ',1):&$

5+1+&,8$%31%+(&)7,)1%&+)17$16$%8$/%(01-)6)01/%-$%4$1/$&>%403&%83)%$6%403&%603/>%&+)17$16$

8,% (3863&$>% 8$% 7)7&$>% ($% 23$% G&03/6% 4037,)6% -)&$% -3% a%/6H8$%b% -$% R8,3@$&6>% ,H,16

6&,1/B0&'+%"&'%(%7)/)01%-3%'01-$!"^;%D&)/606$%1$% 8,)//$%4,/% 8,% 8,153$>% 8,%4$1/+$% 6$88$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%L)(9,&-%Ç)//$&%É%S,%70)[%23)%4$1/$%$6%/,%4$1/+$%h%=,&6)1%<$)-$55$&!"_%F-E,&-%Q,4)&>%a%O9$%5&,'',&),1%,1-%9)/%8,153,5$%b>%)1%F7(%-2*"#S(%2/%Q+#I>%]^!X;%L$4&)/%-,1/%8$7083'$%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%#-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">4;]Y_;!"V%a%<)/60&)23$'$16>%103/%1?,701/%C,',)/%,BB,)&$%23?,7$(%8?90''$%&+$88$'$16%$1%6&,)1%-$%4,&8$&%b%>6&,-3(6)01%-011+$%4,&%*;%.$//01/%$6%<;%=$/(9011)(%-,1/%8$%R%*-'5#,/#%Q':7(>%.310->%G,&)/>%]^^V>%4;%!_>-$%a%Ç)&%9,@$1%$/%9)/60&)/(9%13&%)''$&%')6%-$'%E)&d8)(9%/4&$(9$1-$1%=$1/(9$1%I3%6931%b%kÇ)89$8'701%<3'@08-6>%ÇO(%#,-(#Y(%)2:-(,(":(-'#,()#7(")2:3-2:("#>$%*2:O*/()>%i$&8,5%R$&-)1,1-%Q(9ã1)15>UOA%!Z]^>%G,-$&@0&1>%]^^V>%4;]_]m;!"^%a%#n,)%+6+%/634+B,)6>%C$%8n,703$>%-$%70)&%6&,)6$&%-$%4$3%-03+%403&%+(&)&$>%31%90''$%23)%4,&%8n3/,5$$16):&$'$16%1037$,3%$6%4$&/011$8%23n)8%,%B,)6%-3%4,//+%-+B)1)>%-3%4,//+%)1-+B)1)>%-3%4,&6)()4$%4&+/$16>%-$($&6,)1/%4&010'/%$6%-$%($&6,)1$/%4&+40/)6)01/>%,%&$1037$8+%4&$/23$%,36,16%106&$%7)/)01%-$/%(90/$/%23$},16>%,7$(%/$/%K,6+50&)$/>%8$/%69+0&)$/%-$%8,%K011,)//,1($%$6%-$%8,%L+,8)6+%-3%'01-$%$[6+&)$3&%b;%=,&($8

^_

23?)8% 8,% 6&037$;% F6% (?$/6% ($8,% 23$% A$17$1)/6$% 0@/$&7$>% 31$% 3*"./(# $*%'-2/3-;%(PUW% $1

6&,)1%-$%/$%B0&'$&;%a%J8%4$1/,)6%-+B)1)&%8$/%,66&)@36/%-$/%0@C$6/>%)8%1$%40/$%23$%-$/%e6&$/

8)153)/6)23$/%b!X]>%+(&)6%A$17$1)/6$>%$6%($/%o'%()#3-"./-)'-4/()>%(?$/6%6036$%8,%(0'48$[)6+

-?31% &,440&6% ,3% 8,15,5$>% +6,16%@)$1% +7)-$16%23$% ($66$%106)01%-?o'%()# 3-"./-)'-4/()#$/6

@)$1% 483/% )1B)1)$% $6% )1-+B)1)$% 23$% 8,% &$4&+/$16,6)01% -3% a%'06%b>% (0''$% 31$% 6&,-)6)01

8)153)/6)23$% 403&&,)6% 103/% )1()6$&% \% 8$% (&0)&$;% L,44$801/% 23$% A$17$1)/6$% -)/,)6

4&+()/+'$16%,7$(%D&)/606$%a%$[4&$//)01%b>%($%23)%$/6%31%6036%,36&$%&,440&6%,3%8,15,5$>

31%&,440&6%101%&+,8)/6$;%Q,3//3&$%-+C\>%40/,16%31%a%/$16)'$16%-$%8,%8,153$%b>%,7,)6%($66$

)163)6)01%23$%8$%/3C$6%$/6%603C03&/%$1%4&$')$&%5&,'',)&)$1%-$%/,%4&04&$%8,153$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%G&03/6>%a%D%4&040/%-3%a%/6H8$%b%-$%R8,3@$&6%b%k]^!Zm>%)1%1))*-)#('#*%'-23()>%*,88)',&->%a%R08)0%$//,)/%b>G,&)/>%4;%!V!%h%)1%B&"'%(#>*-"'(`8(/9(>%*,88)',&->%a%A)@8)069:23$%-$%8,%G8+),-$%b>%G,&)/>%]^_]>%4;%Y^Z%hG&03/6%4,&8$%,)88$3&/%+5,8$'$16%-$%8,%a%/H16,[$%b%-$%R8,3@$&6%M%a%F6%8,%&+70836)01%-$%7)/)01>%-$&$4&+/$16,6)01%-3%'01-$%23)%-+(038$%P%03%$/6%$[4&)'+$%P%4,&%/,%/H16,[$>%$/6%4$36Pe6&$%,3//)%5&,1-$%23$($88$%-$%},16%-+48,T,16%8$%($16&$%-$%8,%(011,)//,1($%-3%'01-$%-,1/%8n|'$;%b%k=,&($8%G&03/6>%a%D%,C036$&\%R8,3@$&6%b>%)1%B&"'%(#>*-"'(`8(/9(>%*,88)',&->%a%@)@8)069:23$%-$%8,%G8+),-$%b>%G,&)/>%]^_]>%4;%!^^m!XZ%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%k]^YVm>%)1%K<m>%4;%_Z;!X]%IO-,;>%4;%_Z;

^V

]<'-2&2+75:+57-2&,*:$*2:,-*+-2&3&'%1,ML+7(522

8$/%80)/%-$%8n,(6)7)6+%)1(01/()$16$%/016%603C03&/%$1%-$90&/%-$8n,44&+9$1/)01% /3@C$(6)7$% k103/% 403701/% $1% 4&$1-&$(01/()$1($>%',)/%(0''$%0@C$6m!X!

J8%1?$/6%4,/%,10-)1%-$%106$&%23$%8?,&6)(8$%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$

8,153$%b%$/6%43@8)+%8,%'e'$%,11+$%23$%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b>%$1%]^YV;

.$% 8?31% \% 8?,36&$% /$% 6)$16% 8,% (016)13)6+% -?31$% -+(037$&6$% -$% 8,% )/O@(2'-9-'5# ,*")# 3(

3*".*.(;% J8% 1?$/6% 4,/% ,10-)1% 101% 483/% -$% 106$&>% (0''$% C$% 8?,)% B,)6% 483/% 9,36>% 23$% 8,

'e'$% ,11+$% 4,&,{6%F"':%&$&3&.-(# )'%/2'/%*3(!X"%-$%K8,3-$%S+7)PQ6&,3//;% #$% 703-&,)/

403&/3)7&$% $1(0&$% 31% )1/6,16% 8?,1,8H/$% -$% 8?%a%)1(01/()$16%b% 23)% H% $/6% -+B)1)>% 403&

'016&$&% \% 23$8% 40)16% 8$% 4&0C$6% -$% A$17$1)/6$% /?0440/$% ,3% /6&3(63&,8)/'$% -$% S+7)P

Q6&,3//>%(0''$16%)8%$1%B03&1)6%8,%(&)6)23$%$6%8?,16)-06$;%#$%&$4&$1-/%8$%6$[6$%-016%C?,7,)/

(0''$1(+%8?,1,8H/$>%$[6&,)6%-$%8?,&6)(8$%a%S,153$%$6%/0()+6+%b%M

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h% 103/% /0''$/%'0)1/% (01/()$16/% $1(0&$% É% \% /3440/$&% 23$% 103/% 43)//)01/8?e6&$% 4,&B0)/% É% -$/% 0440/)6)01/% 49010805)23$/% 23)% 4$&'$66$16% -?,1,8H/$&% (9,23$4901:'$% $1% +8+'$16/% -)BB+&$16)$8/;% F1B)1>% 8$% -+B,36% -?,44&+9$1/)01% )163)6)7$% 4$&/)/6$>'e'$% 80&/23$% 103/% B0&'3801/% 8$/% &:58$/% 5&,'',6)(,8$/% 03% 49010805)23$/% -$% 106&$8,153$;% K$66$% B0&'38,6)01% +'$&5$% 31)23$'$16% /3&% 8$% 48,1% -$% 8,% 4$1/+$% /()$16)B)23$>6,1-)/% 23$% 8,% 8,153$% 7)6% $6% /$% -+7$8044$% (0''$% 31$% +8,@0&,6)01% (088$(6)7$;%=e'$% 8$/,7,16%1$%&+3//)6%C,',)/%\%(01B01-&$%(0'48:6$'$16%/$/%(011,)//,1($/%69+0&)23$/%$6%/01$[4+&)$1($% -$% /3C$6% 4,&8,16;% Q,% B,T01% -$% 4,&8$&% /$% '0-)B)$% B0&6% 4$3% /03/% 8?$BB$6% -$/)16$&4&+6,6)01/%23?)8%4$36%$1%-011$&>%$6%23)% &$8:7$16%-?31%,36&$%1)7$,3;%F1% 8)153)/6)23$>01% 4$36% -01(% ,BB)&'$&% 23$% 8?)1B83$1($% -$% 8?0@/$&7,6$3&% /3&% 8?0@C$6% -?0@/$&7,6)01% $/61+58)5$,@8$%M% )8% 1$% /3BB)6% 4,/% 23$% 8?0@/$&7,6$3&% 4&$11$% (01/()$1($% -3% 49+10':1$% 403&23$%($83)P()%/?$1%6&037$%'0-)B)+;!XX

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!X!%K8,3-$%S+7)PQ6&,3//>%a%J16&0-3(6)01%\%8?v37&$%-$%=,&($8%=,3//%b%k]^X_m>%)1%=,&($8%=,3//>>&2-&3&.-(#('#F"':%&$&3&.-(>%GUR>%G,&)/>%]^YZ>%4;%WWWPWWWJ;!X"%S,%43@8)(,6)01%-?F"':%&$&3&.-(#)'%/2'/%*3(#$/6%,16+&)$3&$%\%($88$%-$%8?,&6)(8$%-$%A$17$1)/6$%-,1/%8,&$73$%1'/,()#$:-3&)&$:-4/()>%($()%+6,16%,66$/6+%4,&%31%(0'46$%&$1-3%-3%8)7&$%-$%S+7)PQ6&,3//%B)53&,16-,1/%($66$%'e'$%&$73$;!XX%K8,3-$%S+7)PQ6&,3//>%a%S,15,5$%$6%/0()+6+%b%k]^Y]m>%)1%F"':%&$&3&.-(#)'%/2'/%*3(>%G801>%G,&)/>%]^YV>4;%_]P_!;

^^

S+7)PQ6&,3//% 10''$% a%)1(01/()$16%b% ($% 23)% $/6% 4&)7+% \% 8,% (01/()$1($>% ($% 23$

/$38$% 31$% ,1,8H/$% )2-("'-=-4/(% 4$&'$6% -?,@/6&,)&$%M% ($% 23?)8% H% ,% -?)1(01/()$16% (?$/6% 8,

)'%/2'/%(;%S?)1(01/()$16% 8)153)/6)23$%1$%/$&,%-01(%4,/%-)/6)153+%(9$I%S+7)PQ6&,3//%-$

($%23$%8$%&+,8)/'$%/6&3(63&,8)/6$%(&0)6%-+(037&)&%-,1/%8$%8,15,5$>%a%8$/%80)/%/H16,(6)23$/

$6%'0&490805)23$/%b>%8$/%a%4901:'$/%b>%8$/%a%0440/)6)01/%49010805)23$/%b;%L,44$801/

23$%403&%S+7)PQ6&,3//%8?,169&040805)$%/6&3(63&,8$%6&037$%/01%'0-:8$%-,1/%8,%-+',&(9$

-$% 8,%49010805)$%-$%l;Q;%O&03@$6Id0H;%S+7)PQ6&,3//%403&&,%,)1/)% )',5)1$&%70380)&>% \

8?)',5$%-3%6,@8$,3%4+&)0-)23$%-$/%+8+'$16/%-$%=$1-$8$N$7>%\%4,&6)&%-?31$%(01($46)01

-$%8,%8,153$%&+-3)6$%\%8,%B0&'38,6)01%-$/%4,)&$/%')1)',8$/%-$%4901:'$/>%(01/6)63$&%31

6,@8$,3% 4+&)0-)23$% -$/% 8,153$/>% H% $1B$&'$&% 8$% 4,//+>% 8$% 4&+/$16>% 8$% 40//)@8$% 23?)8

(016)$16%-+C\%M

U1$%',(9)1$%&$($7,16%-$/%+23,6)01/%-+6$&')1,16%8$/%-)7$&/%6H4$/%-$%/6&3(63&$/%(0113$/$1%49010805)$>%8$%&+4$&60)&$%-$/%/01/%23$%8?,44,&$)8%4901,6$3&%-$%8?90''$%4$36%+'$66&$>$6% 8$/% 483/% 4$6)6/% /$3)8/% -)BB+&$16)$8/% $16&$% ($/% /01/>% -+6$&')1+/% 4&+,8,@8$'$16% 4,&% -$/'+690-$/% 4/H(90P49H/)0805)23$/% k/3&% 8,% @,/$% -?31% )17$16,)&$% $6% -?31$% ,1,8H/$% -$/4901:'$/% 8$/% 483/% &,44&0(9+/m>% 403&&,)6% B03&1)&% 31% 6,@8$,3% $[9,3/6)B% -$/% /6&3(63&$/49010805)23$/%\%"%0440/)6)01/% k"%4037,16%e6&$% B)[+%,3//)%5&,1-%23?01%703-&,)6m;%D)1/)0@6)$1-&,)6P01%31$%/0&6$%-$%6,@8$,3%4+&)0-)23$%-$/%/6&3(63&$/%8)153)/6)23$/>%(0'4,&,@8$%\($83)%-$/%+8+'$16/%-016%8,%(9)')$%'0-$&1$%$/6%&$-$7,@8$%\%=$1-$8$$BB;%l03/%1?,3&)01/483/% ,80&/% 23?\% &$4+&$&% -,1/% 8$% 6,@8$,3% 8?$'48,($'$16% -$/% 8,153$/% -+C\% +63-)+$/>% \',&23$&%8,%40/)6)01>%$6%8$/%&$8,6)01/%,3[%,36&$/%8,153$/>%-$%($88$/%-016%8?+63-$%-)&$(6$%$/6$1(0&$% )1/3BB)/,16$% 403&% 103/% $1% -011$&% 31$% (011,)//,1($% 69+0&)23$>% $6% 'e'$% \-+(037&)&%8?$'48,($'$16%-$%8,153$/%-)/4,&3$/>%B363&$/>%03%/)'48$'$16%40//)@8$/;%!XY

f1% 1$% 4$36% 23$% /$% 6&037$&% +6011+% -$7,16% ($66$% &+-3(6)01% -$% 8,% 8,153$% \% 31$

/6&3(63&$% 49010805)23$>% 31$% 8,153$% +6,16% 31% 40//)@8$% 4,&')% 31$% 606,8)6+% -+C\% (01T3$

-?,7,1($>% -,1/% 31$% (0'@)1,60)&$>% 0g% 01% 1$% (&0)/$% 4,/% |'$% 23)% 7)7$;% a%.,1/% '01

,169&040805)$>% )8% 1?H% ,% 4,/% -$% /3C$6%b!X`;% S+7)PQ6&,3//% +(&)7,)6% 4,&% ,)88$3&/% 23?a%$1

$6910805)$% (0''$% $1% 8)153)/6)23$% ~�Ä% ($% 1?$/6% 4,/% 8,% (0'4,&,)/01% 23)% B01-$% 8,

5+1+&,8)/,6)01>%',)/%8$%(016&,)&$%b!X_;%S$%'0-:8$>%43)/%/,%/)'48$%',1)B$/6,6)01;%=e'$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!XY%IO-,;>%4%_";!X`%D3%(03&/%-?31%$16&$6)$1%$1%-+($'@&$%!ZZX>%C?,7,)/%-$',1-+%\%K8,3-$%S+7)PQ6&,3//%23$88$%+6,)6%8,48,($%-3%/3C$6%-,1/%/01%,169&040805)$>%(?$/6%($%23?)8%,7,)6%,80&/%&+401-3;!X_%K8,3-$%S+7)PQ6&,3//>%a%J16&0-3(6)01%M%9)/60)&$%$6%$6910805)$%b>%)1%F"':%&$&3&.-(#)'%/2'/%*3(>%G801>a%G0(d$6%b>%G,&)/>%]^_X>%4;%"X;%G,&3%\%8?0&)5)1$>%$1%]^X^%-,1/%8,%D(9/(#,(#S5'*$:Q)-4/(#('#,(#S&%*3(>YX$%,11+$>%1r"PX;%a%F1%$6910805)$%(0''$%$1%8)153)/6)23$>%4,&%(01/+23$16>%($%1?$/6%4,/%8,%(0'4,&,)/0123)%B01-$%8,%5+1+&,8)/,6)01>%',)/%8$%(016&,)&$;%Q)>%(0''$%103/%8$%(&0H01/>%8n,(6)7)6+%)1(01/()$16$%-$8n$/4&)6%(01/)/6$%\%)'40/$&%-$/%B0&'$/%\%31%(016$13>%$6%/)%($/%B0&'$/%/016%B01-,'$16,8$'$16%8$/%'e'$/403&%603/%8$/%$/4&)6/>%,1()$1/%$6%'0-$&1$/>%4&)')6)B/%$6%()7)8)/+/>%(0''$%8n+63-$%-$%8,%B01(6)01/H'@08)23$>%)8%B,36%$6%)8%/3BB)6%-n,66$)1-&$%8,%/6&3(63&$%)1(01/()$16$>%/03/%C,($16$%\%(9,23$%)1/6)636)01%$6%\

]ZZ

8$%B363&>%'e'$%8$%C3/6$%a%40//)@8$%b%$/6%-+C\%)1/(&)6%-,1/%($66$%'0-+8)/,6)01%606,8)/,16$;

a%F1% 8)153)/6)23$%b>% -)6% S+7)PQ6&,3//>% (?$/6P\P-)&$% $1% a%8)153)/6)23$% /6&3(63&,8$%b;% K,&>

$1% B,)6>% \% 8?)17$&/$>% 8$% 4&0C$6% -$% 8,% 5&,'',)&$% (0'4,&+$% $6% ($83)% -$% 8,% 8)153)/6)23$

5+1+&,8$>%$/6%-$%4$1/$&%23$%8,%5+1+&,8)/,6)01%1,{6%-$%8,%(0'4,&,)/01;%K?$/6%31$%69+0&)$

-3% 40)16% -$% 73$>% -$% 8?)17$16)01% -3% 40)16% -$% 73$;% S0&/23$% A$17$1)/6$% +(&)6%M% a%S$

8,15,5$>% B,(386+% 93',)1$>% (,&,(6+&)/6)23$% 31)7$&/$88$% $6% )''3,@8$% -$% 8n90''$>% $/6

,36&$% (90/$% 23$% 8$/% 8,153$/>% 603C03&/% 4,&6)(38):&$/% $6% 7,&),@8$/>% $1% 8$/23$88$/% )8% /$

&+,8)/$%b!XV>% )8% -+B)1)6%31%4&0C$6%23)% $/6% &,-)(,8$'$16% )17$&/$%\% ($83)%-$%S+7)PQ6&,3//%M

403&%A$17$1)/6$%8$%8,15,5$%1?$/6%4,/%-+C\%&+,8)/+%-,1/%8$/%8,153$/%h%,3%(016&,)&$>%)8%/?H

&+,8)/$>%/?H%)17$16$;%.?,36&$%4,&6>%8?,1,8H/6$%1?,%C,',)/%8,%8,153$%03%8$%8,15,5$>%$1%6,16

23$% &+,8)6+% 0@C$(6)7$>% /03/% 8$/% H$3[%h% )8% ,% 8$% 40)16% 23?)8% /$% -011$>% 8,% 5+1+&,8)6+% 23?)8

)17$16$;% F6% ($66$% 69+0&)$% -3% 40)16% -$% 73$>% (9$I% A$17$1)/6$>% (9$I% Q,3//3&$% $/6% 31$

69+0&)$% -3% 8,15,5$>% 483/% 4&+()/+'$16% 31$% 69+0&)$% -3% -)/(03&/;% f1% 8?,% 73% 80&/23$

A$17$1)/6$% 6&,7,)88,)6% \% 4&040/% -$/% (,6+50&)$/% -$% 4$1/+$>% (,6+50&)$/% -$% 8,153$;%K9$I

S+7)PQ6&,3//%01%1$% 6&037$%4,/%-$% 69+0&)$%-3%40)16%-$%73$%M% 8$% /,7,16%$/6% 8\>%-,1/%31$

1$36&,8)6+>%\%&$(3$)88)&%-$/%&+,8)6+/%4,&%4&0(:/%-$%/()$1($%É%(?$/6%31%48,601)/'$;%Q,3//3&$

+(&)7,)6>% /037$101/P103/>%a%0&>% (0''$% 8,%5+1+&,8)/,6)01% /3440/$%31%$&-"'#,(#9/(% 23)

/$&6% -$% (&)6:&$>% 8$/% 4&$'):&$/% $6% 8$/% 483/% )&&+-3(6)@8$/% $16)6+/% -016% 4$36% /?0((34$&% 8$

8)153)/6$%/016%-+C\%8$%4&0-3)6%-?31$%04+&,6)01%8,6$16$%-$%8?$/4&)6%b%!X^>%($%23)%$/6%40/$&

-,1/% /,% (0'48$[)6+>% /,% &)(9$//$>% 8?)-+$% 23$% a%8$% 40)16% -$% 73$% KLFF% 8?0@C$6%b>% 23$

C,',)/%01%1?,%-$7,16%/0)%-$/%a%+8+'$16/%b%(0''$%/$%8?)',5)1$%8$%/6&3(63&,8)/'$>%',)/

23?01%,%8$%&$5,&-%23$%8?01%/$%B,)6>%8,%&$4&+/$16,6)01%23$%8?01%/$%-011$;%K$66$%69+0&)$%-3

40)16%-$%73$%4$&'$6%-$%4$1/$&%31$%9)/60)&$%-$/% )-+$>%23)%/$&,)6%31$%9)/60)&$%-$/% )-+$/

8)153)/6)23$/;%G03&%8$%&$-)&$%,7$(%A$17$1)/6$>%a%($%1?$/6%4,/%8?9)/60)&$%23)%B,)6%7)7&$%8$

8,15,5$>%',)/%4836w6% 8?)17$&/$;%K?$/6% 8$% 8,15,5$%23)>%4,&% /,%1+($//)6+>% /,%4$&',1$1($>

(01/6)63$% 8?9)/60)&$%b!YZ;% K?$/6% ,)1/)% ,3//)% 23?<$1&)% =$/(9011)(% 403&&,% 4,&8$&% -$

a%8n)17$16)01% -n31$% B0&'$% -$% 7)$% 4,&% 31$% B0&'$% -$% 8,15,5$% $6% )1/+4,&,@8$'$16

8n)17$16)01% -n31$% B0&'$% -$% 8,15,5$% 4,&% 31$% B0&'$% -$% 7)$;% J17$16)01% $6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(9,23$%(0363'$>%403&%0@6$1)&%31%4&)1()4$%-n)16$&4&+6,6)01%7,8)-$%403&%-n,36&$/%)1/6)636)01/%$6%-n,36&$/(0363'$/>%\%(01-)6)01>%1,63&$88$'$16>%-$%403//$&%,//$I%80)1%8n,1,8H/$%b!XV%F')8$%A$17$1)/6$>%a%K034%-nv)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b%k]^`"m>%)1#K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%]^;!X^%R$&-)1,1-%-$%Q,3//3&$>%H(#3A())("2(#,&/O3(#,/#3*".*.(>%)1%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>*,88)',&->%G,&)/>%!ZZ!>%4;%!";!YZ%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"]P"!;

]Z]

6&,1/B0&',6)01%b!Y];% K9$I% S+7)PQ6&,3//>% 01% &$/6$% -,1/% 31$% 69+0&)$% /(9)I+$% -3% /3C$6

0440/+% \% 8?0@C$6>% a%=e'$% 8$% /,7,16% 1$% &+3//)6% C,',)/% \% (01B01-&$% (0'48:6$'$16% /$/

(011,)//,1($/% 69+0&)23$/% $6% /01% $[4+&)$1($% -$% /3C$6% 4,&8,16;% Q,% B,T01% -$% 4,&8$&% /$

'0-)B)$% B0&6% 4$3% /03/% 8?$BB$6% -$/% )16$&4&+6,6)01/%23?)8% 4$36% $1%-011$&>% $6% 23)% &$8:7$16

-?31% ,36&$% 1)7$,3;% F1% 8)153)/6)23$>% 01% 4$36% -01(% ,BB)&'$&% 23$% 8?)1B83$1($% -$

8?0@/$&7,6$3&% /3&% 8?0@C$6% -?0@/$&7,6)01% $/6% 1+58)5$,@8$%M% )8% 1$% /3BB)6% 4,/% 23$

8?0@/$&7,6$3&%4&$11$%(01/()$1($%-3%49+10':1$%403&%23$%($83)P()%/?$1%6&037$%'0-)B)+b;

So7(#3(#)*9*"'0

S,% )'%/2'/%(# -"2&")2-("'(% 23$% 8$% /6&3(63&,8)/'$% -$% S+7)PQ6&,3//% (9$&(9$% \

-+70)8$&>%$1%6,16%23?31)7$&/$8>%$/6%8$%8)$3%0g%$/6%a%/3&'016+$%b%8?0440/)6)01%a%-3%'0)%$6

-?,36&3)%b>%-$%a%8?0@C$(6)B%$6%-3%/3@C$(6)B%b;%K?$/6%($%23$%103/%70H01/%,44,&,{6&$%-,1/

8?a%J16&0-3(6)01%\%8?v37&$%-$%=,&($8%=,3//%b>%+(&)6$%$1%]^YZ%$6%23)%$/6%8?,7,16P4&040/

-3%7083'$%>&2-&3&.-(#('#*"':%&$&3&.-(%-$%=,&($8%=,3//;%K$66$%,169&040805)$>%23)%4,&

,)88$3&/%1?,%&)$1%\%70)&%,7$(%($88$%23?+(&)6%=,&($8%=,3//>%/?)16$&-)6%6036$%4$1/+$%-$%8,

&$1(016&$>%-$% 8?)16$&/3@C$(6)7)6+;%S$/%(3863&$/%/$%&$1(016&$16%/3&%a%8$% 6$&&,)1%b%-$%($66$

5&,1-$%/6&3(63&$%23?$/6%8?)1(01/()$16;%D36,16%-)&$%23?$88$/%1$%/$%&$1(016&$16%4,/%M

S$% &)/23$% 6&,5)23$% 23)% 53$66$% 603C03&/% 8n$69105&,49$>% 8,1(+% -,1/% ($66$% $16&$4&)/$-n)-$16)B)(,6)01>% $/6% -ne6&$% 8,% 7)(6)'$% -n31%7*3("'(",/% h% (n$/6P\P-)&$% 23$% 8n,44&+9$1/)01/3@C$(6)7$% \% 8,23$88$% )8% $/6% 4,&7$13% 1$% 4&+/$16$% ,7$(% ($88$% -$% 8n)1-)5:1$% ,3(31% 40)16(0''31>% $1% -$90&/% -$% /,% /3@C$(6)7)6+% 'e'$;% K$66$% -)BB)(386+% /$&,)6% )1/083@8$>% 8$//3@C$(6)7)6+/% +6,16>% 4,&% 9H4069:/$>% )1(0'4,&,@8$/% $6% )1(0''31)(,@8$/>% /)% 8n0440/)6)01$16&$% '0)% $6% ,36&3)% 1$% 4037,)6% e6&$% /3&'016+$% /3&% 31% 6$&&,)1>% 23)% $/6% ,3//)% ($83)% 0g8n0@C$(6)B% $6% 8$% /3@C$(6)B% /$% &$1(016&$16>% 103/% 703801/% -)&$% 8n)1(01/()$16;%.n31$% 4,&6>% $1$BB$6>% 8$/% 80)/% -$% 8n,(6)7)6+% )1(01/()$16$% /016% 603C03&/% $1% -$90&/% -$% 8n,44&+9$1/)01/3@C$(6)7$% k103/% 403701/% $1% 4&$1-&$% (01/()$1($>% ',)/% (0''$% 0@C$6m% h% $6% -$% 8n,36&$>403&6,16>%($%/016%$88$/%23)%-+6$&')1$16%8$/%'0-,8)6+/%-$%($66$%,44&+9$1/)01;~�ÄK,&%(n$/6% 8,% 8)153)/6)23$>%$6%483/%4,&6)(38):&$'$16% 8,% 8)153)/6)23$%/6&3(63&,8$>%23)%103/%,B,')8),&)/+/% -$43)/% 80&/% ,7$(% 8n)-+$% 23$% 8$/% 49+10':1$/% B01-,'$16,3[% -$% 8,% 7)$% -$8n$/4&)6>%($3[%23)%8,%(01-)6)011$16%$6%-+6$&')1$16%/$/%B0&'$/%8$/%483/%5+1+&,8$/>%/$%/)63$16\% 8n+6,5$% -$% 8,% 4$1/+$% )1(01/()$16$;%Sn)1(01/()$16% /$&,)6% ,)1/)% 8$% 6$&'$%'+-),6$3&% $16&$'0)%$6%,36&3);!Y!

G03&% 8$% /6&3(63&,8)/'$% -$% S+7)PQ6&,3//>% )8% ,44,&,{6% 23$% 8,% 7)$% $/6% 31$

',1)B$/6,6)01%-$%($66$%5&,1-$%/6&3(63&$%)1(01/()$16$>%31%31)7$&/$8%$6%31$%606,8)6+%23$%8$

/,7,16%(&0)6%,70)&%$16&$%8$/%',)1/;%K$%&+,8)/'$%$/6%\%/)63$&>%C$%(&0)/>%-,1/%8$%8015%6$&'$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!Y]%i0)&%4;%Y";!Y!%K8,3-$%S+7)PQ6&,3//>%a%J16&0-3(6)01%\%8?v37&$%-$%=,&($8%=,3//%b%k]^X_m>%)1%=,&($8%=,3//>>&2-&3&.-(#('#F"':%&$&3&.-(>%GUR>%G,&)/>%]^YZ>%4;%WWWPWWWJ;

]Z!

-?31$% 6&,-)6)01% 48,601)()$11$>% (0''$% 4$36Pe6&$% 01% 403&&,)6% -)&$% 23$% A$17$1)/6$

/?)1/(&)6%-,1/%8$%8015%6$&'$%-?31$%403&/3)6$%)16$88$(63$88$%-$%6&,-)6)01%,&)/606+8)()$11$;

.$%G8,601%\%S+7)PQ6&,3//>%(?$/6%31%'e'$%&+,8)/'$%23)%/$%&+4:6$>%8,%(&0H,1($%$1%31%&+$8

%5*3-)5>%$6%101%31%&+$8%%($%5)("'5>%4&+/3440/,16%8$%-),8053$>%8?9)/60)&$;%S,%/3@C$(6)7)6+>

&+-3)6$% \% /01% /$1/% B,)@8$% (9$I% S+7)PQ6&,3//>% $/6% 31$% /03&($% -$% a%',8$16$1-3%b;

S?,86+&)6+% 1?$/6% 4,/% /$38$'$16% 1)+$>% ',)/% $88$% $/6% 31% -,15$&% 403&% 8$% /6&3(63&,8)/'$;

K&)6)23$%$6%,16)-06$%-$%6$88$/%(01($46)01/>%103/%6&03701/%A$17$1)/6$%23)%+(&)6>%$1%]^YV

-,1/%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%M%a%l03/%1$%6&03701/%C,',)/%8?90''$%&+-3)6

\% 83)P'e'$%$6%/?)15+1),16%\%(01($70)&% 8?$[)/6$1($%-$% 8?,36&$;%K?$/6%31%90''$%4,&8,16

23$%103/%6&03701/%-,1/%8$%'01-$>%31%90''$%4,&8,16%\%31%,36&$%90''$>%$6%8$%8,15,5$

$1/$)51$%8,%-+B)1)6)01%'e'$%-$%8?90''$%b!Y";%S?31)7$&/$8>%403&%A$17$1)/6$>%/?)8%$1%$/6

31>%(?$/6%8$%,-*3&./(;%S?90''$%1?$/6%4,/%/$38$'$16%31%a%90''$%4,&8,16%b%k31%90''$

&+$88$'$16%$1%6&,)1%-$%4,&8$&m%$6%a%4,&8,16%\%31%,36&$%90''$%b>%',)/%,3//)%31%90''$

,*")# 3(# 7&",(;% a%.,1/% 8$% '01-$%b>% ,)1/)% ,(($163+>% 1?,% 4,/% 8,% 7,8$3&% -?31$

/4,6),8)/,6)01%h%(?$/6%31%4&0(:/>%31%$15,5$'$16>%31$%,66)63-$>%31$%-+',&(9$%M%a%-,1/%8$

'01-$%b% 1$% &+401-% 4,/% \% 8,% 23$/6)01% a%0g%pb>% ',)/% \% 8,% 23$/6)01% a%(0''$16%p%b;

a%K,6+50&)$/% -$% 4$1/+$% $6% (,6+50&)$/% -$% 8,153$%b% $6% a%.$% 8,% /3@C$(6)7)6+% -,1/% 8$

8,15,5$%b>% ($/% -$3[% ,&6)(8$/% 23)% /$% &+401-$16>% B0&'38$16% 31$% (&)6)23$% 6&:/% B0&6$% -$

8?$6910($16&)/'$%&+,8)/6$>%/6&3(63&,8)/6$>%-$%S+7)PQ6&,3//;%A$17$1)/6$%8?+(&)6%-:/%8?,7,16P

4&040/%-$/%K%&O3;7()#,(# 3-"./-)'-4/(#.5"5%*3(>%a%)8% B,3-&,%/$%4+1+6&$&%-$%($66$%7+&)6+

23$%8,%&+B8$[)01%/3&%8$%8,15,5$%1?$/6%B&3(63$3/$%23$%/)%$88$%40&6$%-?,@0&-%/3&%8$/%8,153$/

&+$88$/;% S?+63-$% -$% ($/% 0&5,1)/'$/% $'4)&)23$/>% 9)/60&)23$/>% 23$% /016% 8$/% 8,153$/

-$'$3&$% 8$% /$38% ,((:/% 40//)@8$% \% 8,% (0'4&+9$1/)01% -$/%'+(,1)/'$/% 5+1+&,3[% $6% -3

B01(6)011$'$16% -3% 8,15,5$%b!YX;% S$% %5(3>% (?$/6% 8?$'4)&)23$>% 8?9)/60&)23$;% K?$/6% 31$

69+0&)$%-3%/3C$6>%-$%8?+69)23$%$6%-3%408)6)23$>%31$%69+0&)$%-3%40)16%-$%73$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!Y"%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%!Y^;!YX%F')8$%A$17$1)/6$>%a%D7,16%4&040/%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(;

]Z"

I<^7-56&:"-_&0-*1-*,2+-<

l06)01%)'40&6,16$%\%(&$3/$&;

f1%-)6%É%,7$(%&,)/01%É23$%8$%8,15,5$%B01(6)011$-?31$%',1):&$%)1(01/()$16$',)/%1$%/?$1/3)6P)8%4,/23$%($%B01(6)011$'$16$15,5$%8?)1(01/()$16>23?)8%B,36%31$%$[480&,6)01-$%8?)1(01/()$16%É%$68,%'+690-$%,44&04&)+$%kR&$3-m%É403&%,66$)1-&$%$1%/01%4&)1()4$8$%B01(6)011$'$16%-3%8,15,5$%p%!YY

F1% ]^Y`>% -$3[% ,11+$/% ,7,16% 8,% 43@8)(,6)01% -$% a%K,6+50&)$/% -$% 4$1/+$% $6

(,6+50&)$/% -$% 8,153$%b>% A$17$1)/6$% $/6% (017)+% 4,&% #,(23$/% S,(,1!Y`% \% +(&)&$% -,1/% 8$

4&$')$&%13'+&0%-$% 8,% &$73$%<*#K)Q2:*"*3Q)(PCf>% )16)638+%>/%# 3*#$*%&3(#('# 3(# 3*".*.(;

.$% 8\% 1,{6&,% 8?,&6)(8$% a%L$',&23$/% /3&% 8,% B01(6)01% -3% 8,15,5$% -,1/% 8,% -+(037$&6$

B&$3-)$11$%b;

K$%23)%)16+&$//$%+7)-$''$16%A$17$1)/6$%-,1/%8,%4/H(9,1,8H/$%B&$3-)$11$%(?$/6

8,%48,($%4,&6)(38):&$%23?$88$%-011$%,3%8,15,5$%M%a%8,%4/H(9,1,8H/$%/$'@8$%/$%-)/6)153$&

-$%6036$%,36&$%-)/()48)1$;%G&)1()4,8$'$16%$1%($()%M% 8?,1,8H/6$%04:&$%/3&%($%23$% 8$%/3C$6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!YY%=,13/(&)6%(01/$&7+%,3%D&(9)7$/%-3%K088:5$%-$%R&,1($;%f1%8$%&$6&037$&,%4,&')%8$/%%a%.0(3'$16/%b&,//$'18+/%\%8,%B)1%-$%($%7083'$;!Y`%f1%/,)6%23$%4,&%8,%/3)6$%S,(,1%+(&)&,%M%a%K$66$%(,&$1($%-3%8)153)/6$>%C?,)%43%8?+4&037$&%-?31$(016&)@36)01%23$%C$%-$',1-,)%,3%483/%5&,1-%4,&')%8$/%R&,1T,)/%403&%)883/6&$&%8$%-+4,&6%-?31$%&$73$%-$%',B,T01>%/)%4$3%23?$88$%$1%Bc6%',&23+$%,1/%/01%6)6&$%M%8,%4/H(9,1,8H/$>%4,/%'0)1/;%f1%/,)6%8$%(,/%23?$1%B)&$16($3[%23)%-?31$%5&|($%-$%(9)$1/%@,663/%'?H%B)&$16%(01-3)6$>%8,%6$1,16%403&6,16%-?,//$I%-$%(,/%403&/,@0&-$&%8,%(90/$%$1%/01%6$'4/%b>%#,(23$/%S,(,1>%a%L,-)04901)$%b>%)1%>2-3-2('+#PrV>%Q$3)8>%G,&)/>%]^_Z>%4;`!;!Y_%l0601/%23?F')8$%A$17$1)/6$%4,&6)()4$%\%-$%10'@&$3[%4&$')$&/%13'+&0/%-$%&$73$/;%i0)()%23$823$/$[$'48$/%M%%K:-3&)&$:-()>%]>%G,&)/>%]Y%',&/%]^!X%ka%<()#B*:-(%)#,(#S*3'(#<*/%-,)#8%-..(%4,&%L,)1$&=,&),%L)8d$>%6&,-;%=;%A$6I%kQ60(dm%bm%h%F2'*#<-"./-)'-2*>%J>%]^"^%ka%l,63&$%-3%/)51$%8)153)/6)23$%bm%h.)05:1$>%J>%]^Y!%ka%K0''31)(,6)01%,1)',8$%$6%8,15,5$%93',)1m%h%<*#K)Q2:*"*3Q)(>%J>%]^Y`ka%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%bm%h%H-(#>$%*2:(>%J>%]^X^ka%F349+')/'$/%,1()$1/%$6%'0-$&1$/%bm%h%>(7-&'-2*>%J>%]^`^%ka%Q+')0805)$%-$%8,%8,153$%bm%;

]ZX

83)% ,-'%b!YV;% .,1/% 8$%'e'$% /$1/>% ($% 23)% &$6)$16% /01% ,66$16)01>% (?$/6% 8,%'+690-$% -$% 8,

4/H(9,1,8H/$>% 23)% ,44,&,{6% 6&:/% -)BB+&$16$% $6% 'e'$% 0440/+$% \% ($88$% -$/% ,36&$/

a%/()$1($/%b;%K?$/6%-?,)88$3&/% /3&% 8,%23$/6)01%-$% 8,% /()$1($>% 8,%23$/6)01%-3% /,70)&%23$

/?037&$% 8?,&6)(8$>%$6%A$17$1)/6$%'$6%-$/%53)88$'$6/%\%($% 6$&'$%-$%a%/()$1($%b>%(?$/6% 8,

4&$'):&$%23$/6)01%23?)8%40/$%M%a%.,1/% 8,%'$/3&$%0g% 8,%4/H(9,1,8H/$%7$36% /$%40/$&%$1

/()$1($>%01%$/6%B01-+%\%83)%-$',1-$&%(0'46$%-$%/,%'+690-$>%-$%/$/%-+',&(9$/>%-$%/01

4&0C$6>%$6%\%8$/%(0'4,&$&%\%($3[%-$/%s/()$1($/t%&$(0113$/%b%!Y^;%K$()%103/%B,)6%-?,)88$3&/

&$',&23$&%23$%A$17$1)/6$%1$%4,&8$%4,/%/037$16%-$%a%/()$1($%b!`Z>%03%-3%'0)1/>%'e'$

/?)8%4,&8$%-$%a%/()$1($%b%)8%1?,(($163$%4,/%($%6$&'$%h%/$/%106)01/%/016%-,7,16,5$%($88$%-$

a%'+690-$%b>% 03% -$% a%-+',&(9$%b;% G03&% 83)>% 8,% 8)153)/6)23$% $/6% 8,% &$(9$&(9$% k)1B)1)$m

-?31$%75':&,(>%/)%$88$%$/6%31$%a%/()$1($%b>%$88$%1$%4&+6$1-%4,/%/,70)&>%',)/%23$/6)011$>

$6%-?,36&$%4,&6%$88$%1?$/6%4,/%31)$>%',)/%403&/3)6%-$/%-)/(3//)01/%23)%8,%-+48,($16;%D)1/)

80&/23$%A$17$1)/6$%4,&8$%-$7,16%8$/%49)80/049$/%$1%]^``%ka%S,%B0&'$%$6%8$%/$1/%-,1/%8$

8,15,5$%bm>%)8%-)6%a%)8%1$%B,3-&,)6%4,/%(&0)&$%($4$1-,16%23$%C?,440&6$%)()%23$823$%(90/$

(0''$% 8$% 40)16% -$% 73$% ,()% 8)153)/6$/%h% 31% 6$8% 40)16% -$% 73$% 23)% /$&,)6% (0''31% \

8?$1/$'@8$%03%,3%'0)1/%\%31$%',C0&)6+%-$% 8)153)/6$/%1?$[)/6$%4,/%b!`];%F1%]^YX>%-,1/

a%O$1-,1($/%&+($16$/%$1%8)153)/6)23$%5+1+&,8$%b>%)8%-)/,)6%-+C\%($66$%-)7)/)01%M%)8%4,&8,)6

-$/%a%6&,1/B0&',6)01/%4&0B01-$/%23$%/3@)//$16%8,%'+690-$%$6%8?$/4&)6%-$%8,%8)153)/6)23$

-$43)/% 23$823$/% -+($11)$/%b% $6% -$/% a%(01B8)6/% 23)% 8,% -)7)/$16% ,3C03&-?93)%b;% F6% )8

,C036,)6>% B,)/,16% -$% ($66$% -)7)/)01% 31% 40/)6)B%M% a%z3,1-% 01% ,% 037$&6% 8$/% H$3[% \

8?)'40&6,1($%-$%8?$1C$3%$6%,3[%(01/+23$1($/%23$%8$/%-+@,6/%4&+/$16/%4$37$16%,70)&%403&

-?,36&$/%-)/()48)1$/%,3//)>%01%$/6%6$16+%-$%4$1/$&%23$%8$/%-)/(3//)01/%/3&%8$/%23$/6)01/

-$% '+690-$% $1% 8)153)/6)23$% 403&&,)$16% 1?e6&$% 23$% 8$% 4&+83-$% -?31$% &+7)/)01% 23)

$1580@$&,)6%B)1,8$'$16%6036$/%8$/%/()$1($/%-$%8?90''$%b!`!;%K$%23?)1-)23$%A$17$1)/6$>

(?$/6%23$%8,%8)153)/6)23$%1$%4&05&$//$%4,/%-,1/%8?,44&0(9$%-?31%0@C$6%23?$88$%,3&,)6%-+C\

-+6$&')1+% 4,&% ,7,1($>% ',)/% -,1/% 8$% 23$/6)011$'$16% 23?$88$% 4&0-3)6>% -,1/% 8$% &$5,&-

23?$88$% 40&6$%k% a%8,% 8)153)/6)23$% 4&05&$//$% $1% &,)/01% -)&$(6$% -$% 8,% (0'48$[)6+% 23?$88$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!YV%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%_Y;!Y^%IO-,;>%4;%_Y!`Z%=e'$%/?)8%$'480)$%($66$%106)01%4,&B0)/>%4,&%$[$'48$>%80&/23?)8%4,&8$%-$%a%-)/()48)1$%/()$16)B)23$%bkK<m+#P>%4;%"]m>%0g%23?)8%4,&8$%-$%8,%8)153)/6)23$%a%101%4,/%(0''$%/()$1($%-$/%B,)6/%$'4)&)23$/>%',)//()$1($%-$/%&$8,6)01/%$6%-$/%-+-3(6)01%b%kK<m>%4;%]_m>%)8%4,&8$%,3//)%4,&B0)/%-$%a%/()$1($/%-$%8?90''$%bkK<m>%4;X>%4;]!%�m>%03%-$%a%/()$1($%-3%8,15,5$%b%k4;"!m�!`]%F')8$%A$17$1)/6$>%a%S,%B0&'$%$6%8$%/$1/%-,1/%8$%8,15,5$%b%k6$[6$%43@8)+%$1%]^`_m>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+#P>%4;%!]YP!]`;!`!%F')8$%A$17$1)/6$>%a%O$1-,1($/%&+($16$/%$1%8)153)/6)23$%5+1+&,8$%b%k]^YXm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%X;

]ZY

&$(011,{6%,3[%(90/$/%b!`"m;%S,%4$1/+$%-$%8,%'+690-$%)'48)23$%31$%69+0&)$%-3%8,15,5$>

8?)-+$%23$%8?)17$16)01%-3%&$5,&-%$/6% )1-)//0(),@8$%-?31$%)17$16)01%-,1/% 8$% 8,15,5$;%F6

($()% $/6% -)&$(6$'$16% 8)+% \% 8,% 1,63&$% 23$% 8,% 8)153)/6)23$% &$(011,{6% ,3% 8,15,5$>% 23)% $/6

-?e6&$%31$%B0&'$>%101%31$%/3@/6,1($;%K$66$%',1):&$%-$%4$1/$&%6&,1/B0&'$%8$%&$5,&-%-3

8)153)/6$>% $6% 5+1+&,8$'$16% -3% (9$&(9$3&% $1% /()$1($/% 93',)1$/% 23)% /?,4$&T0)6% 23$% 8,

8,153$%$/6% 8?)16$&4&+6,16%-$% 8,% /0()+6+;%S,%4$1/+$%-$% 8,%'+690-$>% -$% 8?)17$16)01%-$% 8,

'+690-$>%$/6%8)+$%\%($66$%6&,1/B0&',6)01%-3%&$5,&-

K$66$%',1):&$%-$%4$1/$&%8?)17$16)01%-$%8,%'+690-$>%8?)17$16)01%-3%40)16%-$%73$>

8,% 6&,1/B0&',6)01%-$% ($83)% 23)% +(&)6% 4,&% ($% 23?)8% -)6>% B,)6% 8?0&)5)1,8)6+% -$% 8,% 4$1/+$% -$

A$17$1)/6$%M%(?$/6%31$%4$1/+$%-3%$%&O3;7(!`X;%A$17$1)/6$%$[48)23$%-,1/%8?,7,16P4&040/

-$%/$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(%23$%/)%8$/%+63-$/%&+31)$/%-,1/%8$%7083'$%016

+6+%a%4&+/$16+$/%)()%/03/%8,%-+10')1,6)01%-$%s4&0@8:'$/t>%(?$/6%23?$88$/%,440&6$16%-,1/

8$3&% $1/$'@8$% $6% (9,(31$% 403&% /0)% 31$% (016&)@36)01% \% 8,% 5&,1-$% 4&0@8+',6)23$% -3

8,15,5$%b!`Y>%$6%*+&,&-%.$//01/%(0''$16$%,)1/)%($/%8)51$/%M%a%S?)-+$%$/6%,7,16%6036%23$

8$/% 6&,7,3[%4&+/$16+/% 1$% (01/6)63$16% 4,/% -$/% (01/6&3(6)01/% -$% /,70)&/>%',)/% -$/% ,(6$/

-?)17$/6)5,6)01%-,1/%31%-0',)1$%0g%8$%8,15,5$%1?$/6%4,/%31$%40/)6)7)6+%\%(011,{6&$%31$

B0)/% 403&% 6036$>%',)/% 31$% s4&0@8+',6)23$t% \% B0&'38$&% )1-+B)1)'$16>% $6% 1037$88$'$16

(9,23$% B0)/%b!``;% G03&% A$17$1)/6$>% 8,% &$(9$&(9$% $1% 8)153)/6)23$>% /)% $88$% $/6% 31$

-+',&(9$% -$% &$(9$&(9$% -$% 8,% (011,)//,1($>% $/6% )1-)//0(),@8$'$16% 31$% -+',&(9$% -$

&$')/$%$1%23$/6)01%-$%($66$%(011,)//,1($% k(?$/6%a%8,%2&7$3(N-'5%23?$88$% &$(011,{6%,3[

(90/$/%bm;%A$17$1)/6$%-)6%($66$%1+($//)6+%403&%8$%(9$&(9$3&%-$%&$'$66&$%$1%23$/6)01%($

23?)8%/,)6%h%,)1/)%)8%+(&)6%M%a%U1$%'+690-$%,3[%4&)/$/%,7$(%8$/%-)BB)(386+/%-n31%4&0@8:'$

&+$8%/$%8,)//$%,3%'0)1/%C35$&%/3&%8$/%/0836)01/%23n$88$%4&040/$>%6,1-)/%23n\%&,)/011$&%/3&

-$/% (01(83/)01/% ,(23)/$/>% 01% $/6% /c&% -$% 5,51$&% /,1/% &)/23$>% $6% -$% 1n$1/$)51$&% 23$% 8$

(0113%b!`_;% J8% '$% /$'@8$% 23$% ($66$% 4$1/+$% -$% 8,% 75':&,(>% $1% 6,16% 23$% -+(037$&6$

4$&',1$16$%-$%8,%75':&,(>%A$17$1)/6$%8,%&$6&037$%-,1/%8,%4/H(9,1,8H/$;%.?,)88$3&/>%01

1$% /$&,)6% 4$36Pe6&$% 23?\% '0)6)+% /3&4&)/% -$% 70)&% 23$% 8,% ',1):&$% -016% )8% -+B)1)6% 8,

8)153)/6)23$%$/6%6036$%4&0(9$%-$%8,%',1):&$%-016%)8%4,&8$%-$%8,%4/H(9,1,8H/$;%D)1/)>%$1

]^YX>% -,1/% a%O$1-,1($% &+($16$/% $1% 8)153)/6)23$% 5+1+&,8$%b>% )8% 6$&')1$% ,)1/)%M% a%~�Ä

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!`"%F')8$%A$17$1)/6$>%a%D7,16P4&040/%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%101%4,5)1+;!`X%D%($%/3C$6>%70)&%4;%]"`>%$6%8$/%&+B8$[)01/%-$%*+&,&-%.$//01/%-,1/%/01%037&,5$%17-3(#8("9("-)'(+3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`>%4;%]ZP]!;!`Y%F')8$%A$17$1)/6$>%a%D7,16P4&040/%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%101%4,5)1+;!``%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`>%4;%]Z;!`_%F')8$%A$17$1)/6$>%a%G&0@8:'$/%/+',16)23$/%-$%8,%&$(01/6&3(6)01%b%k]^YXm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%"Z_;

]Z`

C3/23?,3%'0'$16% 0g% 8$% /6,636% -$% 8,% 8)153)/6)23$% (0''$% /()$1($% /?)'40/$&,>% 101% 4,/

/()$1($%-$/% B,)6/%$'4)&)23$/>%',)/%/()$1($%-$/% &$8,6)01/%$6%-$/%-+-3(6)01/>% &$6&037,16

8?31)6+% -3% 48,1% -,1/% 8?)1B)1)$% -)7$&/)6+% -$/% 49+10':1$/% 8)153)/6)23$/%b!`V;%K$% 23)% $/6

/3&4&$1,16% )()>% (?$/6% 23$% 8$% 5$/6$% -$% A$17$1)/6$% $/6% 8$%'e'$% 23$% ($83)% 23?)8% ,% -,1/

8?,&6)(8$%/3&%8,%4/H(9,1,8H/$;%.,1/%31%'0'$16%0g%$/6%-)/(36+%8$%/6,636%-$%8,%8)153)/6)23$

(0''$%/()$1($>%A$17$1)/6$%&+401-%$1%-)/,16%23$%8,%8)153)/6)23$%$/6%k/$&,m%31$%/()$1($>

',)/%31$%)2-("2(#,()#%(3*'-&")#('#,()#,5,/2'-&")>%$6%4,/%31$%/()$1($%-$/%a%B,)6/%b;%.$%8,

'e'$%',1):&$>% -,1/% 31%'0'$16% 0g% $/6% -)/(36+% 8$% /6,636% -$% 8,% 4/H(9,1,8H/$% (0''$

/()$1($>%A$17$1)/6$%&+401-%23$%8,%4/H(9,1,8H/$%$/6%31$%75':&,(%23)%(9$&(9$%\%'$66&$

,3% C03&% -$/% %*$$&%')# ,(# 7&'-9*'-&")>% $6% 101% -$/% a%&,440&6/% -$% (,3/,8)6+/%bM% a%l03/

,4$&($701/% )()% 31% 6&,)6% $//$16)$8% -$% 8,% '+690-$% ,1,8H6)23$%M% 8$/% s49+10':1$/t% /016

5037$&1+/%4,&%31%%*$$&%'#,(#7&'-9*'-&">%23)%6)$16%)()%8,%48,($%-$%($%23$%8$/%/()$1($/%-$

8,%1,63&$%-+B)1)//$16%(0''$%31%&,440&6%-$%(,3/,8)6+%b!`^;%K$%23$%A$17$1)/6$%(9$&(9$%\

-+4,//$&%-?31$%'e'$%',1):&$%80&/23?)8%-+B)1)6%8,%8)153)/6)23$%$6%8,%4/H(9,1,8H/$>%(?$/6

8,% 4$1/+$% -?31% &+$8;% S0&/23$% A$17$1)/6$% 4,&8$% -$% a%&$8,6)01/%b% $6% -$% a%-+-3(6)01/%b

k0440/+/% \% -$/% a%B,)6/%b% $'4)&)23$/m>% 80&/23?)8% 4,&8$% -$% a%&,440&6% -$% '06)7,6)01%b

k0440/+%\%-$/%a%&,440&6/%-$%(,3/,8)6+%bm>%)8%+6,@8)6%23$%8$%8,15,5$%1?$/6%4,/%31%B,)6>%1?$/6

4,/% 31$% /3@/6,1($>% ',)/% 31% %*$$&%'%h% (?$/6% ($% 23?)8% -)6% \% 4,&6)&% -$% Q,3//3&$%M% a%S,

8)153)/6)23$>% $88$>% $6% (?$/6% ($% 23)% 8,% -)BB+&$1()$% -$% 6036$% ,36&$% -)/()48)1$% /()$16)B)23$>

/?0((34$%-$%23$823$%(90/$%23)%1?$/6%4,/%0@C$6>%4,/%/3@/6,1($>%',)/%4/-#()'#=&%7(;%Q?)8

1?H% ,% &)$1% -$% /3@/6,16)$8% -,1/% 8$% 8,15,5$>% 23?H% ,P6P)8%p% S$/% -011+$/% -3% 8,15,5$

1?$[)/6$16%23$%4,&%8$3&/%-)BB+&$1($/>%$88$/%1$%7,8$16%23$%4,&%8$3&%0440/)6)01/;%f1%4$36

(016$'48$&%31%(,)8803%$1% /0)>% 6036% $1% 8$% &,15$,16%-,1/% 8,% /+&)$%-$/%')1+&,3[;%O,1-)/

23?31% '06>% \% 83)% /$38>% 1$% /)51)B)$% ,@/083'$16% &)$1;% J8% 1?$/6% 23$% 4,&% 0440/)6)01>% 4,&

s7)()1)6+t%03%4,&%-)BB+&$1(),6)01%,7$(%31%,36&$>%31% /01%4,&% &,440&6% \%31%,36&$% /01>% $6

,)1/)%-$%/3)6$%b!_Z;%K$%23$%70)6%A$17$1)/6$>%(?$/6%23$%8,%8)153)/6)23$%$6%8,%4/H(9,1,8H/$

016%$1%(0''31%-$%/?)16$&&05$&%/3&%8$%8,15,5$>%/3&%8$%-)/(03&/%ka%8?,1,8H/6$%04:&$%/3&%($

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!`V%F')8$%A$17$1)/6$>%a%O$1-,1($/%&+($16$/%$1%8)153)/6)23$%5+1+&,8$%b%k]^YXm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%]_;!`^%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%_Y;!_Z%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>4;%"];

]Z_

23$%8$%/3C$6%83)%,-'%bm>%$6%23$%(?$/6%8$%8,15,5$%83)P'e'$%23)%)'48)23$%31$%2&"9(%)-&"#,/

$&-"'#,(#9/(PfL;

%A$17$1)/6$% &$',&23$% 23?$1% 4/H(9,1,8H/$% 01% 1$% &$(9$&(9$% 4,/>% (0''$% $1

4/H(9),6&)$>% 31$% 2*/)(>% ',)/% 31$% 7&'-9*'-&">% -$/% %*$$&%')# ,(# 7&'-9*'-&";% K$% 23$

8?,1,8H/6$%&$(9$&(9$%($%1?$/6%4,/%31%+8+'$16%0@C$(6)B%k49H/)0805)23$%03%@)05&,49)23$m

',)/% 8,%',1):&$% -016% 8$% /3C$6% /$% -)6>% (01/6)63$% /01% 9)/60)&$;% S$% 6$&'$% -$%'06)7,6)01

,66)&$%106&$%,66$16)01%(,&>%/?)8%$/6%@)$1%8$%(01($46%-?31$%4/H(9,1,8H/$>%)8%$/6%+5,8$'$16%8$

6$&'$% -?31$% 8)153)/6)23$>% 483/% 4&+()/+'$16% -?31$% 8)153)/6)23$% /,3//3&)$11$>% $6

A$17$1)/6$%1$%4$36%4,/%4,&8$&%-$%7&'-9*'-&"%/,1/%,70)&%$1%6e6$%8$/%(9,4)6&$/%-3%B&/%)

,(#3-"./-)'-4/(#.5"5%*3(%/3&%8$%(,&,(6:&$%'06)7+%$6%)''06)7+%-3%/)51$%8)153)/6)23$;%S$

/)51$% 8)153)/6)23$%4,&($%23?)8%$/6%,&@)6&,)&$>%$/6% )''06)7+>% )8%1?H%,%4,/%-$% 8)$1%1,63&$8

$16&$% 8$% /01% -?31%'06% $6% 8$% &+$8% 23?)8% -+/)51$% 4,&($% 23$% 403&% Q,3//3&$% 8,% 8,153$% 1$

-+/)51$% 4,/% $6% 1$% /$% 4$1/$% 4,/% /03/% 8?,/4$(6% -?31% /01% $6% -?31% &+$8>% 6$8% 23$% -,1/% 8$

B%*'Q3(%-$%G8,601;%G03&%Q,3//3&$>%8$%/)51$%$/6%31$%7,8$3&%&$8,6)7$%-,1/%31%/H/6:'$;%G,&

(016&$>%403&%83)>%/)%8$%/)51$%$/6%,&@)6&,)&$>%$6%)''06)7+>%)8%H%,%-$%8,%'06)7,6)01%-,1/%8$

8,15,5$%-:/%23?)8%H%,%-3%B01(6)011$'$16>%-:/%23?)8%H%,%-$/%,//0(),6)01/>%-:/%23?)8%H%,%-3

-)/(03&/;% D)1/)>% Q,3//3&$% 4,&8$% -$% '06)7,6)01% %(3*'-9(% 03% -?,&@)6&,)&$% %(3*'-=>% 0g

a%&$8,6)B%b%1$%40/$%4,/%31%4&0@8:'$%-?+(9$88$>%',)/%31%4&0@8:'$%-$%&$8,6)01;%.,1/%31$

-$%($/%106$/%',13/(&)6/%Q,3//3&$%+(&)6%M%a%L+-3(6)01%-,1/% 6036% /H/6:'$%-$% 8,153$%-$

8?,&@)6&,)&$% ,@/083% \% 8?,&@)6&,)&$% &$8,6)B>% ($% 23)% (01/6)63$% 8$% s/H/6:'$t% b!_!>% ($% 23)

/)51)B)$%23$%8$%/H/6:'$%-$%8,%8,153$%1?$/6%4,/%-+C\%8\>%',)/%(01/6)63+%4,&%31%,&@)6&,)&$

&$8,6)B>% (?$/6P\P-)&$% 4,&% 8$/% &$8,6)01/% -$/% 6$&'$/% $16&$% $3[>% 23)% B016% 8$% /H/6:'$;% J8% $/6

,80&/%@)$1%+7)-$16%23$%Q,3//3&$%4$1/$% 8$%,-)2&/%)!_";%.,1/% 8$/%106$/%-$/%+63-),16/%-$

Q,3//3&$>%01%8)&,%4,&%$[$'48$%($()%k(,9)$&%-?F')8$%K01/6,16)1m%M

JJJ%K%XZ`!]ZY%S$%8)$1%$16&$%8$%(9,4)6&$%)16)638+%M%<A*%O-'%*-%(#*O)&3/+#3A*%O-'%*-%(#%(3*'-=%$/6%($83)P()%Ml03/% ,701/% (01/)-+&+% 8$% '06% (0''$% x6$&'$y% 48,(+% -,1/% 31% /H/6:'$>% x(?$/6P\P-)&$7,8$3&>% 0&y% 8,% /08)-,&)6+% -$/% 6$&'$/% -,1/% 8$% /H/6:'$% 4$36Pe6&$% (01T3$% (0''$% 31$8)')6,6)01%-$%8?,&@)6&,)&$>%/0)6%8,%/08)-,&)6+%/H16,5',6)23$>%/0)6%8,%/08)-,&)6+%,//0(),6)7$!_X;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!_]%F[4&$//)01%-$%A$17$1)/6$%-,1/%8$/%',13/(&)6/%-$%/,%40+6)23$%\%4,&6)&%-$%A,3-$8,)&$;%8FGH1<FID1>]X>%Br]%o%BrVZ;!_!%l06$%',13/(&)6$%l;!";Y%~"""VÄ%()6+%-,1/%8?+-)6)01%(&)6)23$%-3%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(%-$L3-08B%F158$&>%B,/()(38$%!>%f660%<,&&,//0E)6I>%Ç)$/@,-$1>%]^`_>%4;%"ZZ;!_"%#$%&$170)$%\%8?,&6)(8$%-$%*+&,&-%.$//01/>%a%.3%-)/(3&/)B%b>%)1%<*".*.()+#LCa+#<-"./-)'-4/(#('#$&5'-4/(,/#,-)2&/%)0#F#$*%'-%#,(#>*/))/%(%k13'+&0%0&5,1)/+%4,&%*;%.$//01/%$6%#;PS;%K9)//m>%S,&03//$>%G,&)/>/$46$'@&$%!ZZY>%4;]^P"V;!_X%K,9)$&%-?F')8$%K01/6,16)1%()6+%-,1/%8?+-)6)01%(&)6)23$%-3%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(%-$%L3-08BF158$&>%B,/()(38$%!>%f660%<,&&,//0E)6I>%Ç)$/@,-$1>%]^`_>%4;%"ZZ%kY$%(08011$m;

]ZV

S,%7&'-9*'-&"%$/6%31%(01($46%-3%-)/(03&/;%.:/%23?01%$16&$%-,1/%8$%-)/(03&/>%)8%H%,

-$% 8,%7&'-9*'-&">% -3% B01(6)011$'$16>% 31$% /08)-,&)6+% /H16,5',6)23$% $6% ,//0(),6)7$% -$/

6$&'$/;%S$%(01($46%-$%7&'-9*'-&"%(9$I%Q,3//3&$%(01/6&3)6%8,%4$1/+$%-?31$%/+',16)23$;

Q,3//3&$%$/6%-+C\%)()%$1%6&,)1%-$%40/$&%23$%8,%/)51)B),1($%-,1/%8$%8,15,5$%1$%/$%(01/6&3)6

4,/% -$% ',1):&$% 8)1+,)&$>% -$% ',1):&$% /H16,[)23$>% ',)/% -$% ',1):&$% /H16,5',6)23$% $6

,//0(),6)7$>%(?$/6P\P-)&$%4,&%8$/%&$8,6)01/%/+',16)23$/%23?31%-)/(03&/%&$1-%40//)@8$/!_Y>

-,1/%8?+(036$%-3%-)/(03&/;%J8%'$%4,&,{6%$//$16)$8%-?,@0&-$&%8,%&+B8$[)01%-$%A$17$1)/6$%\

4&040/%-$%R&$3-%\%4,&6)&%-$%($66$%(01($46)01%8)153)/6)23$%-$%8,%'06)7,6)01;%K,&%($%23$

A$17$1)/6$% B,)6% ,44,&,{6&$% (?$/6% 23$% 8,% '06)7,6)01% $1% 4/H(9,1,8H/$% $/6% -?,@0&-% $6

/$38$'$16%31$%'06)7,6)01%8)153)/6)23$%k43)/23$%&)$1%1$%/$%4,//$%90&/%-3%8,15,5$%-,1/

8?,1,8H/$m%h% ($66$%'06)7,6)01% $/6% (01/()$16$%03% )1(01/()$16$% k($% 23)% $/6% 8?0&-)1,)&$%-3

8,15,5$>%8?0&-)1,)&$%-$%8?+(036$m;%K$%23$%'016&$%,3//)%A$17$1)/6$%(?$/6%23$%8,%4$1/+$

-3% 8,15,5$% 1$% 4$36% /$% B,)&$% $1% -$90&/% -?31$% &+B8$[)01% /3&% 8?)1(01/()$16!_`;% i0)()% ($

23?+(&)6%A$17$1)/6$>%$6%23)%,44,&,{6%(0''$%31%4&0@8:'$%-?,@0&-%8)153)/6)23$%M

~K$%6H4$%-?,1,8H/$Ä%$1/$)51$>%103/%/$'@8$P6P)8>%23$%8?$1/$'@8$%-$/%/H'46w'$/%-$%1,63&$-)7$&/$% 23$% 8?,1,8H/6$% &$1(016&$% $6% /(&36$% /3(($//)7$'$16>% /016% 8$% 4&0-3)6% -?31$7&'-9*'-&"% )1)6),8$%(9$I%8$%4,6)$16>% )1(01/()$16$%,3%4&$')$&%(9$B>%/037$16%6&,1/40/+$%$1-?,36&$/% '06)7,6)01/>% (01/()$16$/>% ($88$/P8\% $6% 5+1+&,8$'$16% B,88,()$3/$/;% D% 4,&6)&% -$($66$%'06)7,6)01% 23?)8% /?,5)6% -$% -+70)8$&>% 6036$/% 8$/% (01-3)6$/% -3% 4,6)$16% /?+(8,)&$16% $6/?$1(9,{1$16% C3/23?,3% 6&03@8$% 23)>% ,3[% H$3[% -$% 8?,1,8H/6$>% $1% $/6% \% 8,% B0)/8?,@036)//$'$16%$6% 8$%/3@/6)636% /H'@08)23$;%l03/%,4$&($701/%-01(% )()%31% 6&,)6%$//$16)$8-$% 8,% '+690-$% ,1,8H6)23$%M% 8$/% a%49+10':1$/%b% /016% 5037$&1+/% 4,&% 31% %*$$&%'# ,(7&'-9*'-&">%23)%6)$16%)()%8,%48,($%-$%($%23$%8$/%/()$1($/%-$%8,%1,63&$%-+B)1)//$16%(0''$31%&,440&6%-$%(,3/,8)6+;!__

%S,%-)BB+&$1($%$16&$%8?)-+$%-$%2*/)(%$6% 8?)-+$%-$%7&'-9*'-&">%(?$/6%23$%8,%(,3/$

$/6% 0@C$(6)7$>% $88$% $/6% -+C\% 8\>% 23,1-% ,3% (016&,)&$% 8,% '06)7,6)01% $/6% /3@C$(6)7$% k$6

)16$&/3@C$(6)7,16$m>% 31)23$>% (01/6&3)6$% 4,&% 8$% /3C$6% -,1/% /01% -)/(03&/;% K$% 23$% /,3&,

$16$1-&$% 8?,1,8H/6$>%($% /$&016%-$/% &,440&6/%-$%'06)7,6)01%4&0-3)6/%4,&% 8$%4,6)$16%-,1/

/01%-)/(03&/;%K$%23$%'016&$%A$17$1)/6$>%(?$/6%23$%8?,1,8H/6$%1$%&$1(016&$%C,',)/%,36&$

(90/$% 23$% 3A/"-9(%)# ,(# 3*# $*%&3(>% $6% 23$% 8$/%'0H$1/% -$% /01% *"*3Q)(% /016% +5,8$'$16%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!_Y%#?,1,8H/$%($8,%483/%80)1%h%70)&%4;%!]"%/7>%!X`%/7;!_`%D)1/)%23?)8%8$%-)6%-,1/%8$%',13/(&)6%23$%C$%()6,)/%483/%9,36%M%a%f1%-)6%É%,7$(%&,)/01%É%23$%8$%8,15,5$B01(6)011$% -?31$% ',1):&$% )1(01/()$16$% ',)/% 1$% /?$1/3)6P)8% 4,/% 23$% ($% B01(6)011$'$16% $15,5$8?)1(01/()$16>% 23?)8% B,36% 31$% $[480&,6)01% -$% 8?)1(01/()$16% É% $6% 8,% '+690-$% ,44&04&)+$% kR&$3-m% É% 403&,66$)1-&$%$1%/01%4&)1()4$%8$%B01(6)011$'$16%-3%8,15,5$%p%b>%=,13/(&)6%23$%8?01%&$6&037$&,%\%8,%B)1%-$%($7083'$%k(B;%a%.0(3'$16/%bm;!__%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%_`;

]Z^

8)153)/6)23$/>% ($% /016% 8$/% '0H$1/% -3% -),8053$% $6% -$% 8?+(036$%M% a%D)1/)% -3% 4,6)$16% \

8?,1,8H/6$%$6%-$%8?,1,8H/6$%,3%4,6)$16>%8$%4&0($//3/%$16)$&%/?04:&$%4,&%8$%6&3(9$'$16%-3

8,15,5$%b!_V;%S,%8,153$%$/6%8?)16$&4&+6,16%-$%8?,1,8H/$>%403&%8$%4,6)$16%$6%403&%8?,1,8H/6$;

K$%23$%A$17$1)/6$%-)6%$1(0&$%,)1/)%M%a%O036%,1101($%)()% 8?,7:1$'$16%-?31$% 6$(91)23$

23)%B,)6%-3%8,15,5$%/01%(9,'4%-?,(6)01%$6%8?)1/6&3'$16%4&)7)8+5)+%-$%/01%$BB)()$1($%b!_^;

G03&%8,%4/H(9,1,8H/$>%8?)-+$%-$%a%B,)6%b%$'4)&)23$%1?,%4,/%-$%/$1/>%03%-3%'0)1/%1?,%-$

/$1/%23?$1%6,16%23$%%52-'%-$%8,%4,&6%-3%4,6)$16;%S?,1,8H/6$%1?,%C,',)/%4&+/$16+%-$7,16%83)

8$/% +7+1$'$16/% -$% 8,% 7)$% -$% /01% 4,6)$16>% )8% $1% ,% 31% &+()6>% )8% $/6% 8?+(036$% -$% ($% &+()6;

S?,1,8H/6$% 1$% (9$&(9$% 4,/% \% /,70)&% a%'&/)% 8$/% +7+1$'$16/% 23)% (0'40/$16% 8,

@)05&,49)$%b>% a%)8% ,% @$/0)1% 23$% 8$% 4,6)$16% 83)% &,(016$% '&/'%b% k01% /038)51$m;% D)1/)>

8?,1,8H/6$% 1?,% 4,/% -$7,16% 83)% -$/% B,)6/>% )8% ,% 31% -)/(03&/>% $6% /01% 6&,7,)8>% /01% +(036$

4&0(:-$%-$%($%-)/(03&/%/$38$'$16%M%a%8?,1,8H/6$%7$36%-+70)8$&%8$/%'06)7,6)01/%4836w6%23$

&$(011,{6&$% 8$/% +7+1$'$16/%b>% $6% ($/% '06)7,6)01/% 1$% /016% 4,/% ,36&$% (90/$% 23$% -$/

'06)7,6)01/%-,1/%8$%-)/(03&/%M

Q3440/01/% 'e'$% 23$>% -,1/% 31% 31)7$&/% 3604)23$>% 8?,1,8H/6$% 43)//$% &$6&037$&>% $16+'0)51,5$/%0@C$(6)B/>% 8,% 6&,($%-$% '&/)% 8$/%+7+1$'$16/%23)%(0'40/$16% 8,%@)05&,49)$%-34,6)$16>%)8%$1%6)&$&,)6%$1(0&$%4$3%-$%(90/$>%$6%101>%/,3B%,(()-$16%9$3&$3[>%8?$//$16)$8;%K,&/?)8%,%@$/0)1%23$% 8$%4,6)$16% 83)% &,(016$% 6036%$6%'e'$%23?)8% /?$[4&)'$%,3%9,/,&-%$6% /,1/4&040/% -+B)1)>% ($% 1?$/6% 4,/% 403&% &$6&037$&% 31% B,)6% $'4)&)23$% 23)% 1?,3&,% +6+% $1&$5)/6&+1388$%4,&6%23$%-,1/%8,%'+'0)&$%-3%4,6)$16%M%(?$/6%23$%8$/%+7+1$'$16/%$'4)&)23$/%1?016%-$&+,8)6+% 403&% 8?,1,8H/6$% 23$% -,1/% $6% 4,&% 8$% a%-)/(03&/%b% 23)% 83)% (01B:&$% 8?,369$16)()6+% -$8?$[4+&)$1($>% /,1/% +5,&-% \% 8$3&% &+,8)6+% 9)/60&)23$>% $6%'e'$% kB,36P)8% -)&$%M% /3&6036m% /)% 8$-)/(03&/% +83-$>% 6&,1/40/$% 03% )17$16$% 8,% @)05&,49)$% 23$% 8$% /3C$6% /$% -011$;% G&+()/+'$164,&($%23$%8?,1,8H/6$%7$36%-+70)8$&%8$/%'06)7,6)01/%4836w6%23$%&$(011,{6&$%8$/%+7+1$'$16/;S,%-)'$1/)01%(01/6)636)7$%-$%($66$%@)05&,49)$%$/6%23?$88$%$/6%7$&@,8)/+$%$6%,)1/)%,//3'+$4,&%($83)%23)%/?H%&,(016$%h%/01%$[4&$//)01%$/6%($88$%-3%8,15,5$%h%8,%&$8,6)01%-$%8?,1,8H/6$,3%/3C$6>%($88$%-3%-),8053$;!VZ

f1%&$',&23$%8?$[4&$//)01%-$%a%B,)6%$'4)&)23$%b%23$%8?01%70H,)6%-+C\%483/%9,36

80&/23$% A$17$1)/6$% -)/,)6% 23$% 8,% 8)153)/6)23$% 1?+6,)6% 4,/% 31$% /()$1($% -$/% a%B,)6/

$'4)&)23$/%b%',)/% 31$% /()$1($% -$/% a%&$8,6)01/%b% $6% -$/% a%-+-3(6)01/%b;% K?$/6% @)$1% 8,

'e'$%&$',&23$;%S$%8,15,5$%1?$/6%4,/%31$%/3@/6,1($>%01%1$%4$36%4,/%8?0@C$(6)7$&%h%(?$/6

31$%=&%7(>%(?$/6P\P-)&$%31%&,440&6%\%-$%8,%B0&'$>%31$%/3@C$(6)7,6)01;%f1%403&&,)6%,3//)

-)&$%31%)("'-7("'#,(#3*#3*"./(%h%A$17$1)/6$%4,&8$%)()%-$%a%&,440&6%-$%'06)7,6)01%b%23$

8$% /3C$6% (01/6&3)6% -,1/% /01% -)/(03&/;% U1$% ,36&$% -)'$1/)01>% $//$16)$88$>% )()>% $/6% 8,

-)'$1/)01% -3%,-*3&./(%23)% $/6% 31$% &$8,6)01% 4&04&$'$16% 8)153)/6)23$% ka%8,% &$8,6)01% -$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!_V%IO-,;>%%4;%_`;!_^%IO-,;>%%4;%__;

]]Z

8?,1,8H/6$%,3%/3C$6>%($88$%-3%-),8053$%bm;%K$%23$%70)6%A$17$1)/6$>% (?$/6%23$% 8?,1,8H/6$

4&05&$//$% 4,&($% 23?)8% H% ,% -),8053$>% 4,&($% 23$% 8?,1,8H/6$% 4$&'$6% ,3% 4,6)$16% -$

/?9)/60&)/$&>%-$%-+48,($&%/,%4&04&$%+(036$%M%a%.3%/$38%B,)6%-$%8?,880(36)01>%($83)%23)%4,&8$

-$%83)P'e'$%)1/6,88$%8?,36&$%$1%/0)%$6%4,&%8\%/$%/,)/)6%83)P'e'$>%/$%(01B&016$>%/?)1/6,3&$

6$8% 23?)8% ,/4)&$% \% e6&$>% $6% B)1,8$'$16% /?9)/60&)/$% $1% ($66$% 9)/60)&$% )1(0'48:6$% 03

B,8/)B)+$%b!V];%f1%4$36%,C036$&%23$823$/%&$',&23$/%\%4&040/%-$%($66$%49&,/$%23)%,%31$

)16$1/)6+% 4&0/0-)23$% 4,&6)(38):&$% (0''$% /037$16% 80&/23$% A$17$1)/6$% 4,&8$% -$

/3@C$(6)7)6+;% Q)% 01% -$7,)6% B,)&$% 8,% 106,6)01% &H69')23$% -$% ($66$% 49&,/$>% )8% B,3-&,)6% 6036

106$&>%6036%,(($163$&;%f1%&$',&23$%-?,@0&-%8,%/+&)$%-$/%7$&@$/%4&010')1,3[>%)(#)*-)-'%É

)(# 2&"=%&"'(% É% )A-")'*/%(# É% )A:-)'&%-)(%23)% -)6% 8,% 4&+/$1($% \% /0)% 4,&% 8?,36&$% -,1/% 8$

-),8053$>% -,1/% 8?,1,8H/$%h% 43)/% 6036$/% 8$/% /+&)$/% $1% ~/Ä%M% )$38% É% ,880(3')01% P% 2$83)% É

)1)6,88$% 8?,36&$% $1% )0)% É% )$% ),)))6% É% )$% (01B&016$% É% )?)1/6,3&$% É% 6$8% 23?)8% ,)4)&$% É

)?9))60&)/$%$1%2$66$%9))60)&$%É%B,8))B)+$;%f1%/?,4$&T0)6%23$%8$%6$&'$%-?a%,880(36)01%b%$/6

)()%(0''$%8$%'06)B%-?31$%4,&010',/$%23$%-+480)$% 6036$% 8,%49&,/$>%,7$(%4,&%$[$'48$

8$/%&$4&)/$/%-$%~,8Ä%03%~8,Ä%k*380(36)01%É%4*%3$%É)1/6*38$%É%4*%#3g#É%B)1*3$'$16%É%B*3/)B)+m;

f1%70)6%,3//)%(0''$% 3/-`7o7(%É% 3A*/'%(#-,1/%($66$%4&0/0-)$%/$%'e8$16%$6%4&$/23$%/$

(01B01-$16>%a%($83)%23)%4,&8$%-$%83)P'e'$%)1/6,88$%8?,36&$%$1%/0)%$6%4,&%8\%/$%/,)/)6%83)P

'e'$%b>%8$%'06)B%-$%8?a%,880(36)01%b>%/3&6036%4,&%8$/%~8Ä%k~,8Äm%$6%8$/%~/Ä%$6%8$/%+(90%$1%~CÄ

$6% ~âÄ>% B,)6% /?,(($163$&% $1% 8$/%'e8,16% ($83)% 23)% 4,&8$% $6% 8?,36&$% \% 23)% )8% 4,&8$;%K$% 23$

A$17$1)/6$%B,)6%-+C\%,4$&($70)&>%(?$/6%23$%8?,1,8H/$%$/6%0&-)1,)&$>%03%-3%'0)1/%23$%/$/

'0H$1/>%23)%/016%($3[%-3%-),8053$>%/016%0&-)1,)&$/;%=,)/%)8%40/$%($66$%23$/6)01%M

O036%,1101($%)()%8?,7:1$'$16%-?31$%6$(91)23$%23)%B,)6%-3%8,15,5$%/01%(9,'4%-?,(6)01%$68?)1/6&3'$16%4&)7)8+5)+%-$%/01%$BB)()$1($;%=,)/%,80&/%/3&5)6%31$%23$/6)01%B01-,'$16,8$%M23$8%$/6%-01(%($%a%8,15,5$%b%23)%,5{6%,36,16%23?)8%$[4&)'$%p%F/6P)8%)-$16)23$%\%($83)%23?01$'480)$%90&/%-$%8?,1,8H/$%p%F/6P($%/$38$'$16%8$%'e'$%403&%8$/%-$3[%4,&6$1,)&$/%p!V!

J8% /?,5)6% -3% 4&0@8:'$% ($16&,8% -$% ($6% ,&6)(8$>% -?31% 7&,)% 4&0@8:'$% 40/+% \% 8,

4/H(9,1,8H/$% $6% \% 8,% 8)153)/6)23$;%D80&/% 23$% C3/23$% 8\%A$17$1)/6$% -+(&)7,)6% 8?,1,8H/$

(0''$%/$%4,//,16% $16):&$'$16%-,1/% 8$% 8,15,5$>%4,&% 8$/%'0H$1/% $6% -,1/% 8$% (9,'4%-3

8,15,5$>% )8% ,44,&,{6% /03-,)1% 23$% 403&% 8,% 4/H(9,1,8H/$% B&$3-)$11$>% )8% $[)/6$% 31% ,36&$

a%8,15,5$%b% 23)% &$17$&&,)6% ,3[% a%/6&3(63&$/% 4&0B01-$/% -3% 4/H(9)/'$%b>% )1B&,P

8)153)/6)23$>% $6% $1% 'e'$% 6$'4/% /34&,P8)153)/6)23$%M% 3A-"2&")2-("';% A$17$1)/6$% 40/$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!VZ%IO-,;>%4;%_`P__;!V]%IO-,;>%4;%__;!V!%IO-,;>%4;%__%;

]]]

,)1/)%8$%4&0@8:'$>%,7$(%603/%8$/%53)88$'$6/%-3%23$/6)011$'$16%$6%-$%8?*"*3Q)(>%80&/23?)8

+(&)6% 23$% 8?,1,8H/6$% a%4&$1-&,% -01(% 8$% -)/(03&/% (0''$% 6&3(9$'$16% -?31% ,36&$

s8,15,5$t>%23)%,%/$/% &:58$/>%/$/%/H'@08$/%$6% /,%s/H16,[$t%4&04&$/>%$6%23)% &$170)$%,3[

/6&3(63&$/%4&0B01-$/%-3%4/H(9)/'$%b!V";%K$%23$%A$17$1)/6$%7,%&$1-&$%7)/)@8$%\%4,&6)&%-$

8\>%/$%B,)/,16%/)%8?01%4$36%-)&$%8?,1,8H/6$%-$%R&$3->%(?$/6%6036%($%23)%(9$I%R&$3-%7,%-,1/

8$%/$1/%-$%8?31)7$&/$8>%',)/%,3//)%-$%8?,&(9+6H4,8>%-$%8?0&)5)1$8>%-3%4&)')6)B>%$6%-?,36&$

4,&6%-3%/6&3(63&,8>%6036%($%23)%(9$I%83)%03@8)$%23$%8,%8,153$%$/6%8n)16$&4&+6,16%-$%8,%7)$;

R&$3-% $/6% 2:(?# 8("9("-)'(>% 23)% $/6% 4/H(9,1,8H/6$>% $6910,1,8H/6$% k(3863&08053$m% $6

,1,8H/6$%6036%(03&6;%S,%B01(6)01%-$/%53)88$'$6/%-,1/%($6%,&6)(8$%$/6%B01-,'$16,8$;

U1$% 4&$'):&$% &$',&23$% \% 4&040/% -$% 8?)1(01/()$16% 4/H(9,1,8H6)23$% a%-,1/% 8$/

&$8,6)01/%23$%R&$3-%$1%-011$%b%$6% 6$8%23$%A$17$1)/6$% 6|(9$%-?$1%&$1-&$%(0'46$>%(?$/6

/01% (,&,(6:&$% /4,6),8)/+>% (?$/6% \% -)&$% 0@C$(6)7+;% S0&/23$% A$17$1)/6$% 4,&8$% -$% ($6

)1(01/()$16>% )8% $'480)$% -$% ',1):&$% &+4+6+$% 8?$[4&$//)01% a%-,1/% 8?)1(01/()$16%b>% 23)>

/$801% '0)>% /?0440/$% (9$I% 83)% \% 8?$[4&$//)01% a%'06)7,6)01% )1(01/()$16$%b>% 23)% -+B)1)6

-,7,16,5$%31%)1(01/()$16%8)153)/6)23$>%-3%(w6+%-$%8,%7)$%$6%-3%-)/(03&/;%D)1/)>%01%8)6%M

8?,1,8H/6$%04:&$%/3&%($%23$%8$%/3C$6%83)%,-';%J8%8$%(01/)-:&$%-,1/%8$/%-)/(03&/%23$%($83)P()83)% 6)$16>% )8% 8?$[,')1$%-,1/%/01%(0'40&6$'$16% 80(360)&$>%a%B,@38,6$3&%b>%$6%\% 6&,7$&/%($/-)/(03&/%/$%(01B)53&$%8$16$'$16%403&%83)%31%,36&$%-)/(03&/%23?)8%,3&,%(9,&5$%-?$[48)()6$&>($83)%-3%(0'48$[$%$1/$7$8)%0/"%123!"#$"%#!&"';%!VX%

U1$%23$/6)01%/$&,)6%-$%/$%-$',1-$&%/)%A$17$1)/6$%1$%6&,1/B0&'$%4,/%-+C\%)()%31

)1(01/()$16% 4/H(9,1,8H6)23$% /4,6),8)/+% $6% 0@C$(6)7+% $1% 31% 4&0(:/>% 31$% ,(6)7)6+

-?)1(01/()$16>%31%)1(01/()$16%(01/6&3)6%-,1/%$6%4,&%8$%,-)2&/%);%K?$/6%-3%'0)1/%($%23$

8,%49&,/$%/$'@8$%B,)&$>%43)/23$%4&0/0-)23$'$16%$88$%/$%(01/6&3)6%$6%-)6%31$%/+',16)23$

-3%,-)2&/%)>%-$43)/%8?,(($16%')/%/3&%a%8?,1,8H/6$%04:&$%/3&%($%23$%8$%/3C$6%83)%,-'%b>%-,1/

6036$% 8$/% /+&)$/% $1% ~-Ä% $6% ~6Ä>% ,)1/)%23$% 8$/% /+&)$/% $1% ~dÄ% $1% ~/Ä% $6% $1% ~d/Ä% k23)% )17$&/$

~/dÄm>% $1% ~&Ä% 4&$/23$% 603C03&/% $1% 40/)6)01% -$% B)1,8$% /3/4$1/)7$% (0''$% -,1/

a%-)/(03&/%b!VYm>% $6% 8$/% +(90/% $1% ~)Ä% $6% ~3Ä% 23)% 8,% &$4&$11$16!V`;% K$% /016% 4&$/23$% -$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!V"%IO-,;>%4;%_V;!VX%IO-,;>%4;%_`;!VY%#01%!0:&$%0!%#$-+%%80#3'0)+$>%a%B,@38,'$3+%b%'+/4&+%%#$/%0!%#$-+%%#01B)53+$%8$1'$'$16%4$-+%83!%31,3'+$%0!%#$-+%%23?!8%,3+,%(9,+5$%-?$548!#!'&+>%#$83!%03%#0'48$5$%$1/&7$8!%0/"%18?)1#01%#!$16;%6$%8,'!/$%,3%C$-+%0$%#$%#0'48$5$%0+4$1-%8$%%3##:/%0$%8,%#3+$>%,3)%'+'0)51$%\%%01%'$-+%,3$%8?)103#'!01%+',)6#0++$#'$%!V`%a%~�Ä%8?,1,8H/6$%04:&$%/3&%($%23$%8$%/3C$6%83)%%&';%(8%8$%#01%!0:&$%0,1/%8$/%0!%#$-+%%,3$%#$83!P#!%83)'!&"'>%!8%8?$[,'!1$%0,1/%%01%#0'40+'$'$16%80#3'0)+$>%a%B,@38,'$3+%b>%$6%\%'+/4&+%%#$/%0!%#$-+%%%$#01B)53+$%8$1'$'$16%4$-+%83!%31%,3'+$%0!%#$-+%%23?!8%,3+,%(9,+5$%-?$548!#!'&+>%#$83!%03%#0'48$5$

]]!

4,&,5&,''$/%23$%A$17$1)/6$%+(&)6;%S,%49&,/$%B,)6%8$%&+()6,6)B%-$%($%23$%A$17$1)/6$%-)6

C3/6$% $1% -$//03/%M% a%D)1/)% -3% 4,6)$16% \% 8?,1,8H/6$% $6% -$% 8?,1,8H/6$% ,3% 4,6)$16>% 8$

4&0($//3/% $16)$&% /?04:&$% 4,&% 8$% 6&3(9$'$16% -3% 8,15,5$%b;% J8% /$'@8$% ,80&/% 23$

8?$[4&$//)01%b% -,1/% 8?)1(01/()$16%b% 4&$11$% 31$% 7,8$3&% -$% -)/(03&/>% 8,% 7,8$3&% -?31$

,(6)7)6+>%-?,36,16%23$%a%-,1/%b%$/6%&+4+6+%$6%23$%($66$%&+4+6)6)01%k,(($163,16$m%(01/6&3)6

31$% /+',16)23$% 4,&6)(38):&$;%f1% 8)6%M% a%,*")% 8$/% -)/(03&/% 23$% ($83)P()% 83)% 6)$16%b% 43)/

a%,*")%/01%(0'40&6$'$16%80(360)&$%b%M%8$%a%(0'40&6$'$16%b%$6%8$/%a%-)/(03&/%b%/016%-$/

,(6)7)6+/% k$6% 4&+()/+'$16% )()>% 8)153)/6)23$/m>% a%-,1/%b%1?,%4,/% 31$%7,8$3&% /4,6),8)/,16$>

(?$/6% 31$% 7,8$3&% -?,(6)7)6+% -$% 8,15,5$>% 31$% 7,8$3&% )16$&/3@C$(6)7,16$>% (0''$% 80&/23$

A$17$1)/6$% -)6% 23$% 8$% 4&+/$16% 1?$/6% 4,/% 8$% 6$'4/% &}% 8?01% $/6% ',)/% 8$% 6$'4/% &}# 3A&"

$*%3(PMf>% $6% 23$% a%0g%b% 1$% -+B)1)6% 483/% 31% 8)$3>% ',)/% 8$% 4&+/$16% -?31$% ,(6)7)6+% -$

-)/(03&/;%D)1/)>%01%70)6%@)$1%23$%8?$[4&$//)01%a%-,1/%8?)1(01/()$16%b%$/6%23$/6)011+$>%$6

-+C\%-+48,(+$%-?31%(9,'4%4/H(9,1,8H6)23$%\%31%(9,'4%8)153)/6)23$>%23)%$/6%8$%(9,'4

-$%8,%'06)7,6)01;%.?,)88$3&/%-,1/%8,%-$&1):&$%49&,/$%-$%8?,&6)(8$>%A$17$1)/6$%1$%-)&,%4,/

a%-,1/% 8?)1(01/()$16%b>%',)/% -,1/% 8,%'06)7,6)01>% a%($% 23?)8% H% ,% -?)16$16)011$8% -,1/% 8,

'06)7,6)01%b;%%f1%&$7)$16%483/%80)1%$1%-+6,)8%/3&%($66$%49&,/$;

S?$[4&$//)01%a%-,1/%8?)1(01/()$16%b%&+,44,&,{6%483/%80)1%M

R&$3-%,%C$6+%-$/%83'):&$/%-+()/)7$/%/3&%8?,(6)7)6+%7$&@,8$%6$88$%23?$88$%/$%&+7:8$%0/"%%/$/-+B,)88,1($/>% 0/"%% /$/% ,/4$(6/% -$% C$3>% 0/"%% /,% 8)@&$% -)7,5,6)01>% 23,1-% 8$% 40370)&% -$($1/3&$% $/6% /3/4$1-3;% O036$% 8,% B0&($% ,1,&(9)23$% 23$% &+B&:1$% 03% /3@8)'$% 8$% 8,15,5$10&',8)/+>%,%/01%0&)5)1$%0/"%%8?)1(01/()$16;!VV

J()% $1(0&$>% a%-,1/% /$/% -+B,)88,1($/>% -,1/% /$/% ,/4$(6/% -$% C$3>% -,1/% /,% 8)@&$

-)7,5,6)01%b>%-+(&)6%31%&,440&6%-?+(036$>%31$%4&+/$1($%,3%-)/(03&/%-,1/%31%-),8053$>%\

31%-)/(03&/%&+$8%h%($%1$%/016%4,/%-$/%69+',6)23$/;%F6%($%23)%$/6%)'40&6,16%)()>%(?$/6%23$

A$17$1)/6$% -+B)1)//$% 8?)1(01/()$16% (0''$% 31$% B0&($;% a%.,1/% 8?)1(01/()$16%b% 1?,% 4,/

31$%7,8$3&%/6,6)23$>%',)/%31$%7,8$3&%-H1,')23$%$6%,(63$88$;%K$%23$%A$17$1)/6$%7,%B,)&$

&$',&23$&% \% 4&040/% -$% R&$3->% (?$/6% 8$% (016&,)&$>% (?$/6% a%/01% &$(03&/% (01/6,16% ,3[

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%$1/&7$8!%0/"%18?)1#01%#!$16;%6$%8,%'!/$%,3%C$-+%0$%#$%#0'48$5$%0+4$1-%8$%%3##:/%0$%8,%#3+$>%,3)'+'0)51$%\%%01%'$-+%,3$%8?)103#'!01%+',)6%#0++$#'$%b;%!V`%!V_%a%S$%H-2'-&""*-%(#.5"5%*3%-+B)1)6%8$%s4&+/$16t%(0''$%s8$%6$'4/%-3%7$&@$%23)%$[4&)'$%8$%6$'4/%0g8?01%$/6t;%=,)/%4&$101/PH%5,&-$>%)8%1?H%,%4,/%-?,36&$%(&)6:&$%1)%-?,36&$%$[4&$//)01%403&%)1-)23$&%s8$%6$'4/0g%8?01%$/6t%23$%-$%8$%4&$1-&$%(0''$%s8$%6$'4/%0g%8?01%4,&8$t;%K?$/6%8\%8$%'0'$16%+6$&1$88$'$16s4&+/$16t>%230)23$%1$%/$%&,440&6,16%C,',)/%,3[%'e'$/%+7+1$'$16/%-?31$%(9&010805)$%s0@C$(6)7$t>%4,&($23?)8%$/6%-+6$&')1+%403&%(9,23$%80(36$3&%4,&%(9,(31$%-$/%)1/6,1($/%-$%-)/(03&/%23)%/?H%&,440&6$;%b>F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%!`!P!`";!VV%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%_V;

]]"

s0&)5)1$/t%b!V^>%23)% $/6% ,3//)%31$% 6$16,6)01%403&% 8?31)7$&/$8>% (?$/6P\P-)&$% ,3//)%403&% 8$

/6&3(63&$8%$6%8$%6H40805)23$;

K?$/6% 4,&% 8,% 23$/6)01% -3% &e7$% 23$%A$17$1)/6$% (0''$1($% \%'$66&$% ,3% C03&% ($

4&0@8:'$;%K$%23$%R&$3-%1$%-)6%4,/%(?$/6%23$%8,%8,153$%$/6%8?)16$&4&+6,16%-3%&e7$;%G03&

83)>%)8%H%,%31$%8,153$%01)&)23$>%23)%,%/,%/H16,[$>%/$/%&:58$/>%/$/%/H'@08$/�%J8%',123$%\

R&$3-% ($66$% 69+0&)$% -3% 8,15,5$>% ($% 23)% 8$% B,)6% ,88$&% 7$&/% 31% )',5)1,)&$% -$/% 0&)5)1$/;

A$17$1)/6$% '016&$% (0''$16% ($66$% &$4&+/$16,6)01% 40&6$% R&$3-% \% 4&0C$6$&>% \% 4,&6)&% -3

&e7$>%-$% 8?)1(01/()$16%0g% )8% -+(037&$%-3%a%4&)')6)B%b>% -3%4&)')6)B% $1% 6036>% (0''$%4,&

$[$'48$%-,1/%8$/%8,153$/%&+$88$/%M

R&$3-%,%&$',&23+%,3//)%8?,BB)1)6+%4&0B01-$%$16&$%($/%B0&'$/%-3%8,15,5$%$6%8,%1,63&$%-$/,//0(),6)01/%23)%/$%103$16%-,1/%8$%&e7$>%,36&$%$[4&$//)01%-$/%'06)7,6)01/%)1(01/()$16$/;J8%+6,)6%(01-3)6%,)1/)%\%&+B8+(9)&%,3%B01(6)011$'$16%-3%8,15,5$%-,1/%/$/%&$8,6)01/%,7$(%8$//6&3(63&$/%)1B&,P(01/()$16$/%-3%4/H(9)/'$>%$6%\%/$%-$',1-$&%/)%8$/%(01B8)6/%23)%-+B)1)//$16($%4/H(9)/'$%1?,3&,)$16%4,/%)'4&)'+%8$3&%6&,($%-,1/%8$/%B0&'$/%'e'$/%-3%8,15,5$;!^Z

S,% 4&0/0-)$% -$%A$17$1)/6$% B,)6% /$% /+',16)/$&% $1/$'@8$% a%8$/%*))&2-*'-&")%b% É

a)(%103$16%b%É%a%,36&$%(N$%())-&"%b%É%a%'06)7,6)01/%-"2&")2-("'()%b>%403&%,)1/)%-+B)1)&

8?)1(01/()$16% 4,&% /01% (,&,(6:&$% -H1,')23$>% 4,&% 8$/% ,//0(),6)01/% 23)% /$% 103$16% ,3

4&+/$16>% $6% (0''$%a%$[4&$//)01%b%h% ($% 23?)8% ,44$88$% -$/%7&'-9*'-&")# -"2&")2-("'()>% $6

23)%7,%\%8?)17$&/$%-$%8,%&$4&+/$16,6)01%-$%23$823$%(90/$%-$%4&)')6)B>%-$%/6,6)23$;%D3%8)$3

-$%/$%-$',1-$&%-$%23$88$%',1):&$%-,1/%8$%-)/(03&/>%9)/60&)23$'$16>%8$%&e7$%/$%(01/6)63$

k($%23$%4,&% $[$'48$% 8$/% /3&&+,8)/6$/% 6|(9$&016%-$% B,)&$%40+6)23$'$16% $1% B,)/,16%-$% 8,

8,153$% 8?)16$&4&+6,16% -3% &e7$m>% R&$3-% 4,&6% -$% 8?)-+$% 23$% 8$% &e7$% ,% 23$823$% (90/$

-?,&(9,N23$/%-016%01%4$36%&$6&037$&%8,%6&,($%-,1/%8$/%8,153$/%8$/%483/%,1()$11$/;%R&$3-

-$',1-$%\%($/%8,153$/%(0''$%8,%(01B)&',6)01%-$%8?)1(01/()$16%23?)8%-+(037&$%M

J8%,%40/+%8$%4&0@8:'$%-,1/%31%,&6)(8$%43@8)+%$1%]^]Z%$6%)16)638+%>/%#3()#)(")#&$$&)5),*")# 3()# 7&')# $%-7-'-=);% D3% 40)16% -$% -+4,&6>% )8% H% ,% 31$% 0@/$&7,6)01% $//$16)$88$% -$% /,R%*/7,(/'/".% /3&% 8?)1/$1/)@)8)6+% \% 8,% (016&,-)(6)01%23)% (,&,(6+&)/$% 8,% 805)23$%-3% &e7$%Ma%S,%',1):&$%-016% 8$%&e7$%$[4&)'$%8$/%(,6+50&)$/%-$% 8?0440/)6)01%$6%-$% 8,%(016&,-)(6)01$/6% 4,&6)(38):&$'$16% B&,44,16$%M% )8% 1$% 8$/% $[4&)'$% 4,/>% )8% 4,&,{6% )510&$&% 8$% a%101%b;% J8$[($88$%\%&+31)&%8$/%(016&,)&$/%$6%\%8$/%&$4&+/$16$&%$1%31%/$38%0@C$6;%J8%&$4&+/$16$%/037$16,3//)% 31% +8+'$16% 23$8(0123$% 4,&% /01% (016&,)&$>% -$% /0&6$% 23?01% 1$% 4$36% /,70)&% /)% 31+8+'$16%-3%&e7$>%/3/($46)@8$%-$%(016&,-)(6)01>%6&,9)6%31%+8+'$16%40/)6)B%03%1+5,6)B%-,1/%8,4$1/+$%-3%&e7$;%b%f&%R&$3-%,%(&3%6&037$&%-,1/%31$%+63-$%-$%};%D@$8%8,%4&$37$%23$%a%8,',1):&$%-$%4&0(+-$&%4&+()6+$>%-016%$/6%(0363'):&$% 8?+8,@0&,6)01%-3%&e7$>%$/6%+5,8$'$164&04&$% ,3[% 483/% ,1()$11$/% 8,153$/% (0113$/%b;% D4&:/% $1% ,70)&% &$4&0-3)6% 23$823$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!V^%IO-,;>%4;%V";!^Z%IO-,;>%4;%_VP_^;

]]X

$[$'48$/>%)8%,%43%(01(83&$%M%a%S,%(01(0&-,1($%$16&$%8$/%4,&6)(38,&)6+/%-$%8?+8,@0&,6)01%-3&e7$%23$%103/% ,701/% &$8$7+$/% ,3% -+@36% -$% ($6% ,&6)(8$% $6% ($88$/% -$% 8?3/,5$% 8)153)/6)23$>-+(037$&6$/%4,&%8$%49)808053$%-,1/%8$/%8,153$/%8$/%483/%,1()$11$/>%103/%,44,&,{6%(0''$31$% (01B)&',6)01% -$% 8,% (01($46)01% 23$% 103/% 103/% /0''$/% B,)6$% -$% 8?$[4&$//)01% -$% 8,4$1/+$% -,1/% 8$% &e7$>% (01($46)01% -?,4&:/% 8,23$88$% ($66$% $[4&$//)01% ,3&,)6% 31% (,&,(6:&$&+5&$//)B>%,&(9,N23$;%S?)-+$%/?)'40/$%,80&/%\%103/>%4/H(9),6&$/>%23$%103/%(0'4&$1-&)01/')$3[% $6% 6&,-3)&)01/% 483/% ,)/+'$16% 8$% 8,15,5$% -3% &e7$% /)% 103/% +6)01/% 483/% )1/6&3)6/% -$8?+70836)01%-3%8,15,5$!^];%b

f&>%)8%/$'@8$>%$6%A$17$1)/6$%$1%B,)6%8,%-+'01/6&,6)01%k(?$/6%-?,)88$3&/%$1%5+1+&,8

($% 23?01% &$6)$16% -$% /01% ,&6)(8$!^!m%h% 23$% ($% 23?,7,1($% },&8% D@$8% \% 4&040/% -$/% /$1/

0440/+/% -,1/% 8$/% 8,153$/% a%4&)')6)7$/%b% 1?$/6% $1% B,)6% 23$% a%/4+(38,6)01/

+6H'0805)23$/%b!^">% $6% /?,7:&$% &$40/$&% /3&% -$/% $&&$3&/>% $6% 1$% 4&0(+-$&% -?,3(31$

'+690-$%&)503&$3/$;%f1%1$%&$7)$16%4,/%)()%/3&%8,%-+'01/6&,6)01%-$%A$17$1)/6$!^X;%=,)/

70)()%31$% &$',&23$%23?)8% B,)6% $1%(03&/%-$%&036$%$6%23)%$/6%-+C\%31$% &+401/$%\%R&$3-%M

a%S,%-03@8$%/)51)B)(,6)01%23?01%,66&)@3$%,3%8,6)1%*3'/)>%(0''$%s9,36t%$6%s4&0B01-t>%$/6

-3$% \% 8?)883/)01% 23)% 103/% B,)6% 4&$1-&$% 8$/% (,6+50&)$/% -$% 106&$% 4&04&$% 8,153$% 403&

1+($//,)&$/%$6%31)7$&/$88$/;%F1%B&,1T,)/%'e'$>%103/%4,&801/%-$%8,%s4&0B01-$3&t%-3%()$8

03%-$%8,%s4&0B01-$3&t%-$%8,%'$&;%G83/%4&+()/+'$16%8,%106)01%-$%*3'/)%/?+7,83$%$1%8,6)1

-,1/%8,%-)&$(6)01%-$%@,/%$1%9,36>%(?$/6P\P-)&$%-3%B01-%-3%43)6/%$1%&$'016,16%03%-3%4)$-

-$%8?,&@&$%$1%&$'016,16>%/,1/%+5,&-%\%8,%40/)6)01%-$%8?0@/$&7,6$3&>%6,1-)/%23?$1%B&,1T,)/

$%&=&",%/$%-+B)1)6%$1%-)&$(6)01/%0440/+$/%\%4,&6)&%-$%8?0@/$&7,6$3&%7$&/%8$%B01->%23$%($

/0)6% 8$%B01-%-3%43)6/%03% 8$%B01-%-3%()$8;% J8%1?H%,% &)$1%-?%s0&)5)1$8t%-,1/%($/%',1):&$/

7,&)+$/% -$% (01/6&3)&$% 8)153)/6)23$'$16% 10/% &$4&+/$16,6)01/%b!^Y;% K$% 23?)1-)23$

A$17$1)/6$>%(?$/6%23?D@$8>%6036%(0''$%R&$3->%03@8)$16%23?)8/%/016%$1%6&,)1%-$%&+B8+(9)&%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!^]%l06$%-$%@,/%-$%4,5$%-$%A$17$1)/6$%M%a%1))*-)#,(#$)Q2:*"*3Q)(#*$$3-4/5(>%4;%Y^P`_>%*,88)',&->%]^"">B&33(2'(,#K*$(%)>%Ji>%4;%]VXP]^];%*;Ç;>%iJJJ>%4;%!]XP!!]%b;!^!%G,&%$[$'48$%#,(23$/%S,(,1>%-,1/%31$%106$%a%J8%103/%48,)&,)6%-$%&$40/$&%-$7,16%=;%A$17$1)/6$%8,23$/6)01%-3%/$1/%,16)10')23$%-$%($&6,)1/%'06/>%4&)')6)B/%03%101>%,7$(%8,%&$(6)B)(,6)01%',5)/6&,8$%23?)8%,,440&6+%\%8,%B,3//$%70)$%-,1/%8,23$88$%R&$3-%8?,%$15,5+$%/3&%8$%6$&&,)1%49)80805)23$%k(B;%S,%G/H(9,1,8H/$>708;%]>%4;%YP]`m%K,&%)8%103/%/$'@8$%23$%($66$%23$/6)01%&$/6$%$16):&$>%\%-+5,5$&%-,1/%/,%&)53$3&%8?)1/6,1($-3%/)51)B),16%b>%#,(23$/%S,(,1>%a%S$%/+')1,)&$%/3&%sS,%8$66&$%708+$t%b%k]^Y`m>%)1%12%-')>%Q$3)8>%G,&)/>]^^^>%4;%!!;!^"%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%_^;!^X%K)601/%C3/6$%23$823$/%4,//,5$/%-$%($66$%-+'01/6&,6)01/%0g%A$17$1)/6$%'016&$%@)$1%8$%(,&,(6:&$%101/()$16)B)23$%-$%8,%-+',&(9$%-?D@$8%M%a%};%D@$8%04:&$%/,1/%/03()%-$%($/%&:58$/%$6%,//$'@8$%6036%($%23)%/$&$//$'@8$;%.?31$%&$//$'@8,1($%$16&$%31%'06%,88$',1-%$6%31%'06%,158,)/%03% 8,6)1%-$%/$1/%-)BB+&$16%03(016&,)&$>% )8% (01(836% \% 31$% &$8,6)01% 0&)5)1$88$% 4,&% s/$1/% 0440/+/t>% $1% 1+58)5$,16% 6036$/% 8$/% +6,4$/)16$&'+-),)&$/% 23)% &$1-&,)$16% (0'46$% -$% 8,% -)7$&5$1($>% 23,1-% )8% H% ,% 4,&$16+% $BB$(6)7$>% 03% &3)1$&,)6% 8,40//)@)8)6+%-?31$%4,&$16+%$1%4&037,16%23?)8/%/016%-?0&)5)1$%-)BB+&$16$%b%kIO-,;>%4;%VZm>%a%S?,1()$1%,-7$&@$,88$',1-% O*))>% s@)$1t>% /?,44,&$16$% \% O())(%>% ',)/% 1?,% ,3(31% &,440&6% ,7$(% OÑ)>% s',37,)/t>% -$% 'e'$23?$1% 7)$)8% ,158,)/% O*'>% s@01>% '$)88$3&t>% $/6% /,1/% &$8,6)01% ,7$(% O*,,(% k,3C03&-?93)% O*,m>% s',37,)/t;S?,158,)/% 23(*9(>% sB$1-&$t>% &+401-% $1% ,88$',1-% 101% \% \3(O(">% s(088$&t>% (0''$% 8$% -)6% D@$8>% ',)/% \\3-(O("%sB$1-&$t%b%kIO-,;>%4;%V]m

]]Y

-,1/%8$3&%4&04&$%8,153$%$6%/,1/%8$%70380)&%-$%4&0C$6$&%$1%31%31)7$&/$8%8$/%(,6+50&)$/%-$

($66$%8,153$;%S0&/23?01%-)6%23?*3'/)%/)51)B)$%$1%'e'$%6$'4/%a%4&0B01-%b%$6%a%9,36%b>%01

4$1/$%$1%6&,-3(6)01>%01%1$%&+B8+(9)6%4,/%\%8,%7,8$3&%-3%6$&'$%*3'/)%-,1/%8$%/H/6:'$%-$%8,

8,153$%8,6)1$>%-,1/%31%-)/(03&/;%K?$/6%8$%&$4&0(9$%-$%'+690-$%23$%A$17$1)/6$%B,)6%,3[

8)153)/6$/%-,1/% 8?,7,16P4&040/%-$% /01%Y&2*O/3*-%(# ,()# -")'-'/'-&")# -",&`(/%&$5(""()>

0g% )8% -)/6)153$% $16&$% 8,% &$(9$&(9$% -$% 8,% ,5)-."*'-&"% $6% ($88$% -$% 8,% )-."-=-2*'-&"% -?31

70(,@38,)&$!^`>% $16&$% 31$% 4$1/+$% -$% 8,% 8,153$% (0''$% 10'$1(8,63&$% k31$% 4$1/+$

&+,8)/6$m%$6%31$%,44&0(9$%-$/%6$&'$/%4,&%8$3&%9*3(/%% k0440/)6)01>%a%7)()1)6+%bm%-,1/%31

/H/6:'$;%A$17$1)/6$%-)6%,)1/)%M%a%J8%1?H%,%&)$1%-?%s0&)5)1$8t%-,1/%($/%',1):&$/%7,&)+$/%-$

(01/6&3)&$% 8)153)/6)23$'$16% 10/% &$4&+/$16,6)01/%b>% $6% )8% ,C036$&,% 483/% 80)1%M% a%.,1/% 8,

'$/3&$% 0g% 103/% 403701/% 103/% ,)-$&% -3% 6+'0)51,5$% -$/% 8,153$/% s4&)')6)7$/t% 403&

&$'016$&%,3[%0&)5)1$/%-$%8?$[4+&)$1($%8)153)/6)23$>%103/%-$701/%$17)/,5$&%,3%(016&,)&$

31$% $[6&e'$% (0'48$[)6+% -$% 8,% (8,//)B)(,6)01% $6% 31$% '386)48)()6+% -$/% (,6+50&)$/%b!^_;

K0''$% Q,3//3&$% 8?$1/$)51,)6% -+C\>% 1388$% 4,&6% $6% C,',)/% 01% 1$% 6&037$% -$% 8?&%-.-"(>

603C03&/% $6% /$38$'$16>% 01% 6&037$% -3% B01(6)011$'$16>% -$% 8,% 9-(;% K?$/6% 8$% 4&040/% -$

A$17$1)/6$% -,1/% a%.$% 8,% /3@C$(6)7)6+% -,1/% 8$% 8,15,5$%b>% 80&/23?)8% +(&)6%M% a%l03/

1?,66$)5101/%C,',)/%8?90''$%&+-3)6%\%83)P'e'$%$6%/?)15+1),16%\%(01($70)&%8?$[)/6$1($

-$% 8?,36&$;% K?$/6% 31% 90''$% 4,&8,16% 23$% 103/% 6&03701/% -,1/% 8$% '01-$>% 31% 90''$

4,&8,16%\%31%,36&$%90''$>%$6%8$%8,15,5$%$1/$)51$%8,%-+B)1)6)01%'e'$%-$%8?90''$%b!^V;

D)1/)>%80&/23$%R&$3-%)',5)1$%23?$1%+63-),16%8?a%+70836)01%-3%8,15,5$%b%8$/%4/H(9),6&$/

a%(0'4&$1-&,)$16%b%')$3[% $6% a%6&,-3)&,)$16%b% 483/% ,)/+'$16% 8$% a%8,15,5$%-3% &e7$%b>% )8

$/6%4&)/011)$&%-$/%)-+$/%0&)5)1)/6$/%$6%+70836)011)/6$/%-$%/01%+4023$;%G03&%A$17$1)/6$

8?)-+$% -?31$% +70836)01% -3% 8,15,5$% $/6% )''+-),6$'$16% (016&$-)6$% 4,&% 8?+63-$% -$/

8,153$/%$6% 8,%-+(037$&6$%-$% 8$3&%(0'48$[)6+>% ($/% 8,153$/%1?,H,16% &)$1%-$%4&)')6)B%4,&

&,440&6%,3[%8,153$/%'0-$&1$/%M%a%J8%1?H%,%&)$1%-?%s0&)5)1$8t%-,1/%($/%',1):&$/%7,&)+$/

-$% (01/6&3)&$% 8)153)/6)23$'$16% 10/% &$4&+/$16,6)01/%b!^^>% a%8$/% 8,153$/% ,1()$11$/% 03

,&(9,N23$/%1$%/016%1)%483/%1)%'0)1/%/)1538):&$/%23$%($88$/%23$%103/%4,&801/>%$88$/%016

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%!^Y%IO-,;>%4;%V];!^`%f1%&$170)$%\%106&$%,&6)(8$>%K980+%S,48,16)1$>%%a%F')8$%A$17$1)/6$>%S$%70(,@38,)&$%-$/%)1/6)636)01/)1-0P$3&04+$11$/%b>%\%4,&,{6&$%-,1/%8$%&$(3$)8%-$/%6&,7,3[%!ZZ_P!ZZV%-3%R(N'(#1'%*".(%>%5&034$%-$&$(9$&(9$%-3%.+4,&6$'$16%-?F63-$/%S)66+&,)&$/%D158,)/$/>%(088$(6)01%a%O&,7,3[%$6%.0(3'$16/%b>%G&$//$/31)7$&/)6,)&$/%-$%i)1($11$/>%Q,)16P.$1)/;!^_%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%V";!^V%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!Y^;!^^%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%V];

]]`

/$38$'$16%8,%/)1538,&)6+%23$%103/%4&e601/%,3[%0@C$6/%4$3%B,')8)$&/%b"ZZ;%J8%/$'@8$%23$

8,%4$1/+$%-$/%0&)5)1$/%(9$I%R&$3-%7,%\%8?)17$&/$%-3%6&,7,)8%-$%8?+(036$%-,1/%8?,1,8H/$

403&% ,36,16% 23$%R&$3-% (9$&(9$% \% a%(0'4&$1-&$%b% $6% \% a%6&,-3)&$%b% 8$% &e7$% \% 4,&6)&% -$

'0-:8$/% /6,6)23$/>% 0&)5)1$8/% $6% 31)7$&/$8/>% $6% 101% (0''$% 31% 8)153)/6$% 8$% B,)6>% -,1/

8?,(63,8)6+%$6%8?31)()6+%-?31%-)/(03&/>%-,1/%($%23?)8%&+)17$16$%-$%&+$8%$6%-$%7)$>%-,1/%($

23?)8%6+'0)51$%,3//)%-?31$%&+,8)6+%'%*")-",-9-,/(33(;

A$17$1)/6$%-)6%\%4&040/%-3%&e7$%M%a%l0601/%,3//)%$1%4,//,16%23$%C3/6$'$16%-,1/

8$/% /0()+6+/%s4&)')6)7$/t>% 80)1%23$% 8,% 8,153$% &$4&0-3)/$% 8?,883&$%-3% &e7$>%(?$/6% 8$% &e7$

23)%$/6%&,'$1+%,3[%(,6+50&)$/%-$%8,%8,153$>%$1%($%23?01%8?)16$&4&:6$%$1%&,440&6%,7$(%-$/

/)63,6)01/% ,(63$88$/% $6% '0H$11,16% 31% C$3% -?+23)7,8$1($% 23)% 8$% /03'$66$16% \% 31$

7+&)6,@8$%&,6)01,8)/,6)01%8)153)/6)23$%b%h%/3)6%8,%106$%-$%@,/%-$%4,5$%M%a%KB;%>2-("2(#,()

%o9()>%(9;%JJ>%4;%_Y>%1;J%M%s�%S$/%(8$B/%-$/%/015$/%0&)$16,8$/�%$[48)23$16% 8$%/$1/%-$/

+8+'$16/%-3%&e7$%-?,4&:/%8?,//01,1($%03%8,%&$//$'@8,1($%-$/%'06/%�t;%m0]0>%JJPJJJ>%4;

]Z">%>01;%JW>%4;%^^%b"Z];%f1%-0)6%)()%e6&$%,66$16)B%\%-$3[%(90/$/>%-?31$%4,&6%,3%B,)6%23$

($&6,)1$/% /0()+6+/% B016% -3% &e7$% 8?)16$&4&+6,16% -$% /)63,6)01/% ,(63$88$/>% $6% -?,36&$% 4,&6

,66$)51$16% $6% ,1,8H/$16% 8$% &e7$% -,1/% 8$% -)/(03&/% 23$% ($83)P()% 4&07023$>% 43)/23$

8?,1,8H/$%4&0(:-$%-$%($%-)/(03&/>%-$/%,//01,1($/%$6%-$/%&$//$'@8,1($/%-$/%'06/;%l388$

0&)5)1$% )()>%',)/% 6036% ,36&$% (90/$>% (0''$% ($% 23?31$% (3863&$% ,7$(% /01% )',5)1,)&$>% /,

8,153$>%/$%&$4&+/$16$%-$%8?,(6)7)6+%-3%&e7$;%J()%31$%0&)5)1$%-3%4/H(9)/'$>%8\%31$%/03&($

-?)16$&4&+6,6)01%-$%8?,(63$8%-,1/%8$%-)/(03&/%23$%4&07023$%8$%&e7$>%31$%B0&($%23?01%83)

&$(011,{6>%$6%8$/%'0H$1/%-$%8?$16$1-&$>%4,&%8$/%,//01,1($/>%8$/%&$//$'@8,1($/%23?01%H

-+(037&$;%f1% /$&,% 4$36Pe6&$% )()% ,'$1+% \% &$4$1/$&% ,3[% 4,&,5&,''$/% -$%Q,3//3&$% 23)

'$66$16% ,3% C03&% 31$% 6$88$% (,4,()6+% -?+(036$;% =,)/% ($% \% 230)% 4$1/$% A$17$1)/6$

)''+-),6$'$16%$1/3)6$>%($%1?$/6%4,/%\%Q,3//3&$>%(?$/6%,3%/3&&+,8)/'$%M

K$% 23$% R&$3-% ,% -$',1-+% $1% 7,)1% ,3% 8,15,5$% a%9)/60&)23$%b>% )8% ,3&,)6% 43% $1% 23$823$'$/3&$% 8$% -$',1-$&% ,3% 'H69$% 03% \% 8,% 40+/)$;% K$&6,)1$/% B0&'$/% -$% 40+/)$% 4$37$16/?,44,&$16$&% ,3% &e7$% $6% /355+&$&% 8$% 'e'$% '0-$% -$% /6&3(63&,6)01>% )16&0-3)&$% -,1/% 8$/B0&'$/%10&',8$/%-3%8,15,5$%($%/3/4$1/%-3%/$1/%23$%8$%&e7$%4&0C$66$%-,1/%10/%,(6)7)6+/;=,)/% ,80&/% (?$/6>% 4,&,-0[,8$'$16>% -,1/% 8$% /3&&+,8)/'$%40+6)23$>% 23$%R&$3->% ,3% -)&$% -$A&$601>%1$%(0'4&$1,)6%4,/>%23?)8%,3&,)6%43%6&037$&%23$823$%(90/$%-$%($%23?)8%(9$&(9,)6%\60&-%-,1/%8$%8,15,5$%0&5,1)/+;"Z!

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"ZZ%IO-,;>%4;%V!;"Z]%IO-,;>%4;%V";"Z!%IO-,;>%4;%V";

]]_

J8%1?$/6%4,/%,10-)1%23$%A$17$1)/6$%4,&8$%-3%a%'H69$%b>%(0''$%4&+()/+'$16% 8,

4/H(9,1,8H/$% ,3&,% 31$% )16$&4&+6,6)01% 0&)5)1)/6$% $6% 31)7$&/,8)/,16$% -3% 'H69$>% 1$

4,&7$1,16% 4,/% \% 4$1/$&% 23?31%'H69$>% /?)8% &+3//)6% \% (01-$1/$&% -$/% 69:'$/% )'40&6,16/

403&%31$%(3863&$>%$/6%4&+()/+'$16%31%6$[6$%-$%(3863&$>%31%-)/(03&/>%\%,1,8H/$&%(0''$

6$8>%$6%1$%4$36%4,/%e6&$%4$1/+%(0''$%,&(9+6H4$%-3%4/H(9)/'$%93',)1"Z";%F6%A$17$1)/6$>

23)%$1%6,16%23$%8)153)/6$%6&,7,)88$%,7$(%8$/%'H69$/>%8$/%8+5$1-$/>%/,)6%6&:/%@)$1%4&0-3)&$

($66$%,1,8H/$>%23)%$/6%2/3'/%&3&.-4/(>%0@/$&7$&%(0''$16%31%'H69$%&+)17$16$%8,%(3863&$>

8,% 8,153$>% 8,% /0()+6+;% Q01% ,1,8H/$% $/6% -H1,')23$>% \% 8?)17$&/$% -$% ($88$% -$% R&$3-;

A$17$1)/6$% '$6% 8$% a%'H69$%b% -3% (w6+% -$% 8,% a%40+/)$%b>% -3% (w6+% -$% 8,% (&+,6)01>% -$

8?)17$16)01% -$% 8,% (3863&$;% G03&% 83)>% 8,% 40+/)$>% 8$% /3&&+,8)/'$% 40+6)23$>% /$'@8$

(0'4&$1-&$% 8$% &e7$%')$3[% 23$% 8,% 4/H(9,1,8H/$% 1$% 8$% B,)6%h% 8,% 40+/)$% B,)6P$88$% 'e'$

,80&/%483/%-$%4/H(9,1,8H/$%23$%8,%4/H(9,1,8H/$%$88$P'e'$%p%G03&%A$17$1)/6$%($&6,)1$/

B0&'$/% -$% 40+/)$% )16&0-3)/$16% a%-,1/% 8$/% B0&'$/% 10&',8$/% -3% 8,15,5$% ($% /3/4$1/% -3

/$1/%23$%8$%&e7$%4&0C$66$%-,1/%10/%,(6)7)6+/%b;%f1%4$1/$%,80&/>%43)/23$%A$17$1)/6$%4,&8$

-3% /3&&+,8)/'$% \% ($% 23?D1-&+% A&$601% -)6% -3% &e7$% -,1/% /01% 4&$')$&%S*"-=()'(# ,/

)/%%5*3-)7(%$1%]^!X;%K?$/6%-?,)88$3&/%8$%40)16%-$%-+4,&6%-$%/,%&+B8$[)01>%-$%/,%(&)6)23$

-$% 8,% 805)23$% -$% 8,% &,)/01"ZX;% A&$601% 4,&8$% -$% R&$3->% )',5)1$% 4,&6)()4$&% \% 31%'e'$

$BB0&6%403&%&+9,@)8)6$&%8?)',5)1,)&$%M

K?$/6%4,&% 8$%483/%5&,1-%9,/,&->% $1%,44,&$1($>%23?,%+6+% &+($''$16% &$1-3$%\% 8,% 83'):&$31$%4,&6)$%-3%'01-$%)16$88$(63$8>%$6%\%'01%/$1/%-$%@$,3(034%8,%483/%)'40&6,16$>%-016%01,BB$(6,)6%-$%1$%483/%/$%/03()$&;%J8%B,36%$1%&$1-&$%5&|($%,3[%-+(037$&6$/%-$%R&$3-;%Q3&%8,B0)% -$% ($/% -+(037$&6$/>% 31% (03&,16% -?04)1)01% /$% -$//)1$% $1B)1>% \% 8,% B,7$3&% -323$88?$[480&,6$3&%93',)1%403&&,%403//$&%483/%80)1%/$/%)17$/6)5,6)01/>%,360&)/+%23?)8%/$&,%\%1$483/%/$38$'$16%&$1-&$%(0'46$%-$/%&+,8)6+/%/0'',)&$/;%S?)',5)1,6)01%$/6%4$36Pe6&$%/3&%8$40)16% -$% &$4&$1-&$% /$/% -&0)6/;% Q)% 8$/% 4&0B01-$3&/% -$% 106&$% $/4&)6% &$(:8$16% -?+6&,15$/B0&($/% (,4,@8$/% -?,35'$16$&% ($88$/% -$% 8,% /3&B,($>% 03% -$% 8366$&% 7)(60&)$3/$'$16% (016&$$88$/>%)8%H%,%6036%)16+&e6%\%8$/%(,46$&>%\%8$/%(,46$&%-?,@0&->%403&%8$/%/03'$66&$%$1/3)6$>%/?)8%H,%8)$3>%,3%(016&w8$%-$%106&$%&,)/01;%S$/%,1,8H/6$/%$3[P'e'$/%1?016%23?\%H%5,51$&;"ZY

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"Z"%a%K$/%(01B3/)01/%/$'@8$16%4&$1-&$%1,)//,1($>%(9$I%R&$3->%-,1/%31%&$(03&/%(01/6,16%,3[%s0&)5)1$/t%M0&)5)1$/%-$%8?,&6>%-$%8,%&$8)5)01>%-$%8,%/0()+6+>%-3%8,15,5$�%J8%6&,1/40/$%(01/6,''$16%($%23)%83)%4,&,{6s4&)')6)Bt%-,1/%8?90''$%$1%31%4&)')6)B%-?0&)5)1$>%(,&%(?$/6%@)$1%-,1/%8?9)/60)&$%-$%($%'01-$P()%23?)84&0C$66$%($%23?01%403&&,)6%,44$8$&%31$%(9&010805)$%-3%4/H(9)/'$%93',)1;%F/6P($%8+5)6)'$%p%K$%23$8?01605$1:/$%4$&'$6%\%8?,1,8H/6$%-$%40/$&%(0''$%,&(9+6H4,8%1?$/6%6$8%23$%4,&%&,440&6%\%($%23)%8$%-+B0&'$03%8$%&$B038$;%=,)/%/)%01%B,)6%-$%($%&$B038$'$16%23$823$%(90/$%23)%$/6%5+1+6)23$'$16%(0$[6$1/)B%\%8,/0()+6+>%01%1$%4$36%4,/%483/%)',5)1$&%31$%/)63,6)01%-$%/0()+6+%/,1/%(01B8)6%23?31%(01B8)6%90&/%-$%8,/0()+6+;%Lå9$)'%,%-+(037$&6%8$%(0'48$[$%-?ç-)4$%-,1/%8$/%/0()+6+/%8$/%483/%s4&)')6)7$/t;%Q)%($(0'48$[$%$/6%)19+&$16%\%8,%/0()+6+%(0''$%6$88$>%31%ç-)4$%8)@&$%-?+403/$&%/,%':&$%$/6%31$%(016&,-)(6)01-,1/%8$/%6$&'$/;%F6>%-,1/%($%(,/>%($%23?)8%H%,%-$%13(8+,)&$%-,1/%8$%4/H(9)/'$%93',)1>%(?$/6%C3/6$'$16%8$(01B8)6;%=,)/%,80&/%8,%106)01%-?s0&)5)1$8t%1?,%483/%53:&$%-$%/$1/;%b>%IO-,;%4;%V"PVX;"ZX%f1%&$170)$%,3[%4&$'):&$/%4,5$/%-3%S*"-=()'(#,/#)/%%5*3-)7(;

]]V

S?$[4&$//)01%a%/3/4$1/%-3%/$1/%b>%B,)6%$16$1-&$%8$%a%/$1/%b%$6%8,%a%4$1/+$%b%-,1/

8$%a%/3/4$1/%b%k4,&%4&0/0-)$%7)/3$88$%,3//)m>%(0''$%/?)8/%+6,)$16%/3/4$1-3/>%$1%,66$16$

-$%/$%-)&$;%S$%&e7$%/3/4$1->%$%&@(''(%M%)8%403&/3)6%/01%,(6)7)6+;%Q)%A$17$1)/6$%)()%4$1/$

,3% /3&&+,8)/'$% 40+6)23$% k,323$8% )8% ,% 83)P'e'$% -?,)88$3&/% +6+% 8)+m>% (?$/6% ,3//)>% '$

/$'@8$P6P)8>% -,1/% 8,% 403&/3)6$% -3% 23$/6)011$'$16% \% 4&040/% -$/% /$1/% 0440/+/>% 8$/

/3&&+,8)/6$/% -+7$8044,16% 4&+()/+'$16% 31$% 4$1/+$% -$% 8?)',5$% 40+6)23$% 4&0(+-,16% -3

&,44&0(9$'$16% -$/% (016&,)&$/;% G)$&&$% L$7$&-H% +(&)6% -,1/% /01% ,&6)(8$% a%S?)',5$%b%M

a%G83/%8$/%&,440&6/%-$%-$3[%&+,8)6+/%&,44&0(9+$/%/$&016%80)16,)1/%$6%C3/6$/>%483/%8?)',5$

/$&,%B0&6$%É%483/%$88$%,3&,%-$%43)//,1($%+'06)7$%$6%-$% &+,8)6+%40+6)23$%b"Z`;%S,% &+,8)6+

40+6)23$>% ,3% /$1/% -$% 8,% K&5'-4/(% -?D&)/606$>% (?$/6% )()% 8,% &+,8)6+% 6$88$% 23?$88$% $/6

&+)17$16+$>% (&++$% 4,&% 8$% 40:'$;% K$% 23?D1-&+% A&$601% -)6% 80&/23?)8% +(&)6% 23$

a%8?)',5)1,)&$%$/6%($%23)%6$1-%\%-$7$1)&%&+$8%b"Z_>%($%23$%-)6%O&)/6,1%OI,&,%80&/23?)8%4,&8$

a%-$% (&+$&% 31$% &+,8)6+% 40+6)23$% 4836w6% 23$% -$% 6&,-3)&$% $1% 4,&08$/% 31$% )',5$% -011+$

-?,36&$%4,&6%-,1/%31%'01-$%23)%1?$/6%7)&63$88$'$16%4,/%8$%/)$1%b"ZV;%S$%)/)$(")#,(#)(")>

0g%8,%4$1/+$>%8$%/$1/%,66$1-$16>%/$'@8$%-+B)1)&%31$%*2'-9-'5%-3%&e7$>%(0''$%/)%8$%&e7$

)16$&&05$,)6%8$%/$1/>%8$%-+48,T,)6>%(0''$%($&6,)1/%40:'$/%4$37$16%&$'$66&$%$1%23$/6)01

31$%7)/)01%$6%$1%(&+$&%31$%,36&$;%A$17$1)/6$%4$1/$%$1/$'@8$%8$%&e7$%$6%8$%40:'$>%101

403&% 8$3&% 6&037$&% -$/% /6&3(63&$/% (0''31$/>% 101% 403&% 8$/% ,44&+9$1-$&% (0''$% -$/

0@C$6/>% ',)/% 403&% 8$3&% ,(6)7)6+% 40+6)23$;% F6% (?$/6% ($8,% C3/6$'$16% 23)% )16+&$//$

A$17$1)/6$%-,1/% 8,% &+401/$%23$%-011$% 8$% /3&&+,8)/'$%,3% &e7$% M% ($%23$% 8$% /3&&+,8)/'$

(0'4&$1-%,3%&e7$%(?$/6%4&+()/+'$16%/01%,(6)7)6+>%/,%-H1,')23$>%/,%1,63&$%$&5'-4/(;

f1% (9$&(9$% 8?0&)5)1$>% 01% 1$% 6&037$% 23$% 8$% B01(6)011$'$16;% f&>% R&$3-% (9$&(9$

@$,3(034% 8?0&)5)1$;% A$17$1)/6$% +(&)6%M% a% K$/% (01B3/)01/% /$'@8$16% 4&$1-&$% 1,)//,1($>

(9$I%R&$3->%-,1/%/01%&$(03&/%(01/6,16%,3[%s0&)5)1$/t%M%0&)5)1$%-$%8?,&6>%-$%8,%&$8)5)01>

-$%8,%/0()+6+>%-3%8,15,5$�%J8%6&,1/40/$%(01/6,''$16%($%23)%83)%4,&,{6%s4&)')6)Bt%-,1/

8?90''$%$1%31%4&)')6)B% -?0&)5)1$% (,&% (?$/6% @)$1% -,1/% 8?9)/60)&$% -$% ($%'01-$P()% 23?)8

4&0C$66$% ($% 23?01% 403&&,)6% ,44$8$&% 31$% (9&010805)$% -3% 4/H(9)/'$% 93',)1%b"Z^;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"ZY%D1-&+%A&$601>%S*"-=()'(#,/#)/%%5*3-)7(#k]^!Xm>%)1%S*"-=()'()#,/#)/%%5*3-)7(>%*,88)',&->%G,&)/>]^_^>%4;%!Z;"Z`%G)$&&$%L$7$&-H>%a%S?)',5$%b>%)1%c&%,`>/,>%13'+&0%]">%',&/%]^]V%h%)1%c&%,`>/,#>(3=`H(=("2(#('*/'%()#52%-')#)/%#3d*%'#('#3*#$&5)-(#bLaLf`LaPJ_>%R8,'',&)01>%G,&)/>%]^_Y>%4;_";"Z_%D1-&+%A&$601>%a%J8%H%,3&,%31$%B0)/%b>%)1%<(#D(9&39(%#g#2:(9(/N#O3*"2)>%+-;%-$/%K,9)$&/%8)@&$/>%G,&)/>]^"!h%&$4&)/%-,1/%8$/%%X/9%()#B&7$3;'()#II>%*,88)',&->%a%A)@8)069:23$%-$%8,%G8+),-$%b>%G,&)/>%%]^^!>4;%YZ"ZV%O&)/6,1%OI,&,>%()6+%4,&%*+&,&-%.$//01/%-,1/%/01%I"'%&,/2'-&"#g#3A*"*3Q)(#,/#$&;7(%k!$%+-;%]^^`m>D&',1-%K08)1>%!ZZV>%4;%_!;"Z^%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%V"PVX;

]]^

A$17$1)/6$%403&/3)6%$1%'016&,16%31%-+B,36%-$%($66$%&+B8$[)01%4,&%01605$1:/$;%J8%40/$%8$

4&0@8:'$% -3% a%(0'48$[$% -?ç-)4$%b>% 23$% R&$3-% 4,&% ,)88$3&/% ,44$88$% ,3% -+4,&6% a

(0'48$[$%13(8+,)&$%b% k4,&($%23?)8%4&$1-%48,($%-,1/% 8,%($8838$%+6&0)6$% (01/6)63+$%-$% 8,

':&$>%-3%4:&$%$6%-$%8?$1B,16>%',)/%,3//)%4,&($%23?)8%$/6%,3%4&)1()4$%-3%-+7$8044$'$16m;

K$% 23$%A$17$1)/6$% &$-)6% ,7$(% R&$3->% (?$/6% 23$% 8$% (0'48$[$% -?ç-)4$% (01/)/6$% $1% 31

&$B038$'$16% M% a%($% 23$% 8?01605$1:/$% 4$&'$6% \% 8?,1,8H/6$% -$% 40/$&% (0''$% ,&(9+6H4,8

1?$/6%6$8%23$%4,&%&,440&6%\%($%23)%8$%-+B0&'$%03%8$%&$B038$%b%É%8?,1,8H/6$%1$%&$1(016&$%8$

'H69$% 23$% 4,&% /01% 1+5,6)B>% /01% &$B038$'$16>% /01% -+48,($'$16;% J8% 1$% &$1(016&$% 4,/

8?0&)5)1$>%)8%&$1(016&$%31%B01(6)011$'$16;%A$17$1)/6$%,C036$%$1(0&$%M%a%=,)/%/)%01%B,)6

-$%($%&$B038$'$16%23$823$%(90/$%23)%$/6%5+1+6)23$'$16%(0$[6$1/)B%\%8,%/0()+6+>%01%1$

4$36% 4,/% 483/% )',5)1$&% 31$% /)63,6)01% -$% /0()+6+% /,1/% (01B8)6% 23?31% (01B8)6% 90&/% -$% 8,

/0()+6+%b;% K$% 23$% 5,&-$% A$17$1)/6$>% (?$/6% 8$% 4&)1()4$% -$% a%(01B8)6%b>% 31% 4&)1()4$

-H1,')23$>%',)/%101%($83)%-3%&$B038$'$16;%J8%&,44$88$%23$%*+I,%Lå9$)'%%a%-+(037&$%b

8$%(0'48$[$%-?ç-)4$%-,1/%-$/%/0()+6+/%a%4&)')6)7$/%b"]Z%kD3/6&,8)$%$6%Q0',8)$m;%f1%/,)6

@)$1% $1% &+,8)6+% 23?)8% a%-+(037&$%b% ($% 23$% 4,&% ,7,1($% )8% +6,)6% 7$13% (9$&(9$&>% $6

A$17$1)/6$%(011,{6%/,1/%-036$%8,%&+401/$%23$%Ç)89$8'%L$)(9%-011$%-$3[%,11+$/%483/

6,&-% k]^"Xm%\%L09$)'%-,1/% 8?,44$1-)($%,C036+%\%<dI%%/$'-&"#,(# 3*#7&%*3(# )(N/(33(>% )8

(011,{6%/,1/%-036$%+5,8$'$16%8$/%6&,7,3[%-$%=,8)10E/d)"]]>%23)>%-:/%]^!]%&$1-%(0'46$>

\%4,&6)&%-$%/$/%&$(9$&(9$/%$1%=+8,1+/)$>%-?0&5,1)/,6)01/%-)BB+&$16$/%-$%8,%B,')88$>%-$%8,

7)$>% &$'$66,16% $1% (,3/$% 8$% '0-:8$% a%13(8+,)&$%b% 40/+% 4,&% R&$3-;% A$17$1)/6$>% 83)>

-+48,($% ($% 6$&'$%-$%a%13(8+,)&$%b>% +(&)7,16%M% a%-,1/% ($% (,/>% ($% 23?)8% H% ,% -$% 13(8+,)&$

-,1/%8$%4/H(9)/'$%93',)1%(?$/6%C3/6$'$16%8$%(01B8)6%b>%8$%13(8+,)&$%1?+6,16%483/%,80&/%8$

10H,3%0&)5)1$8>%',)/%($%23)%(01/6)63$%8$%/3C$6%\%(9,23$%)1/6,16>%-,1/%8$%2&"=3-'>%(?$/6P\P

-)&$%-,1/%8,%4$&8,@0&,6)01>%8$%-),8053$;%A$17$1)/6$%-,1/%/$/%',13/(&)6/%/3&%A,3-$8,)&$

4,&8$%-$%a%10H,3%b>%-,1/%($% /$1/>% ,(6)B>%7)7,16%M%a%O036$% 8,%40+/)$% 8H&)23$%4&0(:-$%-3

(0&4/%-3%40:6$;%K$%/016%/$/%)'4&$//)01/%'3/(38,)&$/>%6,(6)8$/>%08B,(6)7$/%23)%(01/6)63$16

8$% 10H,3% % $6% 8$% ($16&$% -$% 10H,3% 7)7,16% -$% /,% 40+/)$;% O036% /$% -)BB3/$% /3&% 8$%'01-$>

8?,1)'$>%8?+(8,)&$>%\%4,&6)&%-$%8,%4$&/011$%-3%40:6$%b"]!;

A$17$1)/6$%403&/3)6% 8,% (&)6)23$%-$% 8?)-+$%-?0&)5)1$>% -$%13(8+,&)6+>% -?31)7$&/,8)6+

-3% 4/H(9)/'$>% $1% 40/,16% ,7$(% R&$3->% \% 8,% (&0)/+$% -$/% (9$')1/>% 8,% 23$/6)01% -$% 8,

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"]Z%KB0#*+I,%Lå9$)'>%a%G/H(9,1,8H/$%-$/%(3863&$/%4&)')6)7$/%b%k]^"!m>%)1%K)Q2:*"*3Q)(#('#*"':%&$&3&.-(>*,88)',&->%G,&)/>%]^`_;"]]%KB;%A&01)/ ,E%=,8)10E/d)>%<*#>(N/*3-'5#('#)*#%5$%())-&"#,*")#3()#)&2-5'5)#$%-7-'-9()%k]^!]m>%G,H06>G,&)/>%]^_`;"]!%8FGH1<FID1>%`>%BrX%o%BrX;

]!Z

"5.*'-&";%G03&%A$17$1)/6$>%a%S,%(,&,(6+&)/6)23$%-$%8,%1+5,6)01%8)153)/6)23$%$/6%23?$88$

1$%4$36%,1138$&%23$%($%23)%$/6%+101(+>%23?$88$%-0)6%40/$&%$[48)()6$'$16%403&%/344&)'$&>

23?31% C35$'$16% -$% 101P$[)/6$1($% ,% 1+($//,)&$'$16% ,3//)% 8$% /6,636% B0&'$8% -?31

C35$'$16%-?$[)/6$1($;%D)1/)%8,%1+5,6)01%$/6%-?,@0&-%,-')//)01;%O036%,36&$%$/6%8$%&$B3/

-?,-')//)01% 4&+,8,@8$% 23?01% ,44$88$% &$B038$'$16%b"]";% K$% 23$% &$',&23$% A$17$1)/6$

,7$(%R&$3-"]X>%(?$/6%23$%(?$/6%-,1/%8$%8,15,5$%23$%8$%/3C$6%)(#,53-9%(>%a%1$%70)6P01%4,/

23$%8$%B,(6$3&%8)153)/6)23$%$/6%-+()/)B%-,1/%($%4&0(:/%(0'48$[$>%$6%23$%8,%1+5,6)01%$/6

$1%23$823$%/0&6$%(01/6)636)7$%-3%(016$13%1)+>%-01(%-$%8?+'$&5$1($%-$%($%(016$13%-,1/

8,%(01/()$1($%$6%-$% 8,%/344&$//)01%-3% &$B038$'$16%p%b;%K$()% &+401-%\% 8,%23$/6)01%23$

A$17$1)/6$%40/,)6%,3%-+@36%-$%/01%,&6)(8$%a%23$8%$/6%-01(%($%s8,15,5$t%23)%,5)6%,36,16

23?)8%$[4&)'$%p%b"]Y>%(?$/6%@)$1%($%8,15,5$P()>%,(63,8)/+%-,1/%-$/%-)/(03&/;%A$17$1)/6$

23$823$/%,11+$/%,34,&,7,16>%$1%]^YZ>%,7,)6%+(&)6%31%,&6)(8$%-,1/%8,%&$73$%]&%,>%$6%23)

/?)16)638,)6%a%S,%1+5,6)01%$1%Ñ3(9)%b"]`;%.,1/%($6%,&6)(8$%)8%'016&$%23?)8%$[)/6$%483/)$3&/

1+5,6)01/>%483/)$3&/%7,8$3&/%-$%1+5,6)01%$1%Ñ3(9)>%23$%8,%(,6+50&)$%-$%8,%1+5,6)01%1?$/6

4,/%31%31)7$&/$8%ka%U1%-$/%6&,)6/%/)1538)$&/%-3%Ñ3(9)%$/6%23?)8%40//:-$%-$3[%1+5,6)01/

$'480H+$/%(01(3&&$''$16>%"*%$6%:*>%/)%4,&$)88$/%-,1/%8$3&%B01(6)011$'$16%23$%Ç,51$&

8$/% (01/)-:&$% (0''$% s/H101H'$/% $6% 8)@&$'$16% )16$&(9,15$,@8$/tb"]_m;% J8% '$% /$'@8$

23$% ($6% ,&6)(8$>% /?)8% 4,&8$% ,3% 8)153)/6$% -0)6% ,3//)% 4,&8$&% ,3% 4/H(9,1,8H/6$;% K$% 23)%'$

/$'@8$>% 80&/23$%A$17$1)/6$%-)6%23$%a%8,%1+5,6)01%$/6%$1%23$823$%/0&6$%(01/6)636)7$%-3

(016$13% 1)+%b>% (?$/6% 23?)8% /?,5)6% -$% 4$1/$&% -,1/% 31$% ,1,8H/$% -$% 8,% (3863&$% 23$% 8?)-+$

'e'$%-$%&$B038$'$16>%-?,-')//)01%03%-$%&$C$6>%/$%(01T0)6%$1%,88$',1->%$1%B&,1T,)/�

-,1/%-$/% 8,153$/%23)%40/$16%a%03)%b%03%a%101%b>% 8?,BB)&',6)01%03% 8,%1+5,6)01>% 80&/23$

-?,36&$/% 8,153$/% B016% 6036% -)BB+&$''$16>% (0''$% 6&0)/% ',1):&$% -$% -)&$% ($% 23?01

6&,-3)&,)6% 6&04% 7)6$% 4,&% a%03)%b% $1% 23$(93,"]V>% -$3[% 1+5,6)01/% $1% Ñ3(9)% 0g% 01% 1$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"]"%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%VX;"]X%J8%8$%()6$%M%a%U1%(016$13%&$B038+%-$%&$4&+/$16,6)01%03%-$%4$1/+$%4$36%/?)16&0-3)&$%-,1/%8,%(01/()$1($/03/%8,%(01-)6)01%23?)8%/$%B,//$%"-(%;%S,%1+5,6)01%$/6%31$%',1):&$%-$%4&$1-&$%(01/()$1($%-$%($%23)%$/6&$B038+>%$6%'e'$%4&04&$'$16%31$%/344&$//)01%-3%&$B038$'$16>%',)/%23)%1?$/6%($4$1-,16%4,/%31$,-')//)01%-$%($%23)%$/6%&$B038+�%J8%$1%&+/386$%31$%/0&6$%-?,-')//)01%)16$88$(63$88$%-$%($%23)%$/6%&$B038+>8?$//$16)$8%-3%&$B038$'$16%/3@/)/6,16%1+,1'0)1/%b>%m0];>%WJi>%4;%]]P]Y>%B0K0+#Y>%4;%]V]P]VY;"]Y%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%__;"]`%a%S,%1+5,6)01%$1%Ñ3(9)%b>%)1%]&%,%>%i08;%`>%1r!>%4;%^^P]ZY;%a%O036%($%23?01%/,)6%-$%8,%8,153$%-$/)1-)$1/%Ñ3(9)%23)%/3&7)7$16%,3%($16&$%-$%8?fd8,90',>%,3%l;%-$%8?D8,@,',%$6%/3&%8,%B&016):&$%$16&$%8,*$0&5)$%$6%8,%K,&08)1$%-3%Q3->%,%+6+%&$(3$)88)%4,&%*Ö16$&%Ç,51$&>%-,1/%/01%&$(3$)8%-$/%Ö/2:-#R*3();%b%k4;^^m"]_%IO-,;%4;%^^;"]V%i0)&%8?,&6)(8$%-$%=)(9$8%D-1:/>%a%S$(63&$%$[($//)7$>%sÑt>%U1%6$[6$%$/6%31%8,',%&035$%b>%)1%H&3('-*"*+L>%D(9-)'*#,(#R%*,/22-x#<-'(%*'/%*#-#*%')>%kD(6$/%-3%]$%K088023$%)16$&1,6)01,8%a%Q3C$6%$6%6&,-3(6)01%b>

]!]

&$6&037$&,%4,/%8,%1w6&$;%D%8?90&)I01>%)8%H%,%8,%-+',&(9$%-?31$%(3863&0805)$;%K$%1?$/6%4,/

)''+-),6$'$16% 8$%4&040/%-$%A$17$1)/6$%h%($%23?)8%-)6%$1%4&$')$&>%(?$/6%23$% 8,% 8,153$

$/6%31%4&0(:/%-?a%,-')//)01%b>%(?$/6P\P-)&$%-$%(&+,6)01%k%$6%C,',)/%-$%a%/344&$//)01%bm;

J8% +(&)6% ,)1/)%M% a%J()% $1(0&$>% /01% -)/(03&/% 4$36% 4&0-)53$&% -$/% -+1+5,6)01/>% ',)/% 101

,@08)&% 8,% 4&04&)+6+% B01-,'$16,8$% -3% 8,15,5$>% 23)% $/6% -?)'48)23$&% 23$% 23$823$% (90/$

(0&&$/401-% \% ($% 23)% $/6% +101(+>% 23$823$% (90/$% $6% 101% 4,/% s&)$1t%b"]^;% a%z3$823$

(90/$%$6%101%4,/% &)$1%b>%$6%4/(34/(#2:&)(%403&%A$17$1)/6$>%(?$/6%1+($//,)&$'$16%-+C\

a%23$823$%(90/$%-?,36&$%b>%23$823$%(90/$%-$%1037$,3;%F1%]^`">%-,1/%a%K034%-?v)8%/3&

8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%A$17$1)/6$%-+B)1)6%8$%8,15,5$%(0''$%8,%B,(386+

-$%)Q7O&3-)(%>%($%23?)8%$16$1-%(0''$%a%6&:/%8,&5$'$16>%8,%B,(386+%-$%%($%5)("'(%%8$%&+$8

4,&%31%s/)51$t%$6%-$%(0'4&$1-&$%8$%s/)51$t%(0''$%&$4&+/$16,16%8$%&+$8>%-01(%-?+6,@8)&

31% &,440&6% -$% s/)51)B)(,6)01t% $16&$% 23$823$% (90/$% $6% 23$823$% (90/$% -?,36&$%b"!Z;

a%z3$823$% (90/$%b% 403&&,)6% ,44,&,{6&$% (0''$% 31$% $[4&$//)01% )1-+B)1)$>% B803$>% 31$

B,)@8$//$%-,1/%8,%4$1/+$>%31%',123$%\%-)&$>%',)/%8$%a%23$823$%(90/$%b>%a%23$823$%(90/$

-?,36&$%b% -$% A$17$1)/6$% ,3% (016&,)&$>% $6% (0''$% 8$% a%23$8(0123$%b% 03% 8$% a%($%b% -$

Q,3//3&$"!]>%)8%-)6%8?)'4&+-)(6)@8$%$6%8?)1B)1)$%)17$16)01%-$%B0&'$%-$%7)$%-,1/%8$%8,15,5$;

A$17$1)/6$% $1% 7)$16% $1/3)6$% 4&+()/+'$16% \% 8,% 23$/6)01% -3% )Q7O&3-)7(% ,B)1% -$

-)/6)153$&% 8$% /H'@08)/'$% 8)153)/6)23$%$6% 8$%a%/H'@08)/'$%-$% 8?)1(01/()$16%b;% J8% +(&)6%M

a%l03/%,&&)701/%)()%,3%4&0@8:'$%$//$16)$8%-016%6036$/%($/%-)/(3//)01/%$6%8?$1/$'@8$%-$/

4&0(+-+/%,1,8H6)23$/%,66$/6$16%8?)1/6,1($%M%($83)%-3%/H'@08)/'$;%O036$%8,%4/H(9,1,8H/$

$/6%B01-+$%/3&%31$%69+0&)$%-3%/H'@08$;%f&%8$%8,15,5$%1?$/6%23$%/H'@08)/'$%b"!!;%K$66$

23$/6)01%-3%/H'@08)/'$%8)153)/6)23$>%)8%8,%-+7$8044$&,%/3&6036>%(0''$%103/%7$101/%-$

8$%-)&$>%$1%]^`"%-,1/%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%6$[6$%23)

/,1/%-036$%(016)13$%8,%-)/(3//)01%,7$(%8$/%4/H(9,1,8H/6$/%,36,16%23?,7$(%8$/%8)153)/6$/;

S$%/H'@08)/'$%8)153)/6)23$%$/6% 8?,(6)7)6+%-3%/3C$6%-,1/% 8$% 8,15,5$>% 8?)17$16)01%-$%/01

$[4+&)$1($% $6% -3% '01-$;% J8% $/6% *$$%-)>% )8% /$% (01/6)63$% -,1/% 31% -),8053$;% i0)()% ($

23?+(&)6%A$17$1)/6$%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%*&034$%F6)$11$%.08$6>%U1)7$&/)6+%D36010'$%-$%A,&($801$>%107$'@&$%!ZZ!>m>9664MooEEE;B6);3,@;(,6o-08$6),1,o].0(3'$16/o]D-1$/;4-B;"]^%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%VY;"!Z%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+%4;%!`;"!]%a%B%-'(%-/7%M%K$%23)%$/6%&+$8>%(?$/6%($%-016%8$/%/3C$6/%4,&8,16/%016%(01/()$1($%\%31%-$5&+%23$8(0123$%h6036%($%-016%)8/%016%(01/()$1($%$6%&)$1%23$%2(%-016%)8/%4$37$16%,70)&%(01/()$1($;%b>%R$&-)1,1-%-$Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%]V"P]VX;"!!%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%VY;

]!!

F1%-)/,16%-3%8,15,5$%23?)8%$/6%/H'@08)23$>%01%1?+101($%$1(0&$%23$%/,%4&04&)+6+%8,%483/',1)B$/6$;% J8% B,36% ,C036$&%23$% 8$% 8,15,5$% /$% &+,8)/$%1+($//,)&$'$16%-,1/%31$% 8,153$>% $6,80&/% 31$% -)BB+&$1($% ,44,&,{6>% 23)% -+B)1)6% 403&% 8?90''$% 8$% /H'@08)/'$% 8)153)/6)23$%M(?$/6%23?)8%$/6%*$$%-)>%)8%$/6%(0$[6$1/)B%\%8?,(23)/)6)01%23$%8?90''$%B,)6%-3%'01-$%$6%-$8?)16$88)5$1($>%,7$(%8$/23$88$/%)8%B)1)6%4,&%/?31)B)$&;%J8%/?$1/3)6%23$%8$/%4&)1()4,3[%-$%($//H'@08$/%$6%8$3&%/H16,[$%1$%/$%/+4,&$16%4,/%403&%83)%-$/%(90/$/%$6%-$%8?$[4+&)$1($%23?)8$1%4&$1-%h%)8%-0)6%/?$1%&$1-&$%',{6&$%\%'$/3&$%23?)8%8$/%-+(037&$%(0''$%&+,8)6+/;%D%($83)23)%$'@&,//$%-,1/%8$3&%-)7$&/)6+%($/%/H'@08$/%,(63,8)/+/%-,1/%8$/%6$&'$/%-$/%8,153$/>%)8,44,&,{6%@)$16w6%23$%8,%&$8,6)01%-$%($/%/H'@08$/%,3[%(90/$/%23?)8/%/$'@8$16%&$(037&)&%/$8,)//$%/$38$'$16%(01/6,6$&>%101%C3/6)B)$&;"!"

D3P-$8\%-$% 8,%-)/6)1(6)01%$16&$% 8$% /H'@08)/'$% 8)153)/6)23$%$6% 8$% /H'@08)/'$%-$

8?)1(01/()$16>% )8% /?,5)6% )()% 403&% A$17$1)/6$% -$% 4&040/$&% \% 8,% 4/H(9,1,8H/$% 31$% ,36&$

',1):&$%-$%&+B8+(9)&%\%8?,(6)7)6+%)1(01/()$16$%-$/%/3C$6/>%-?)1-)23$&%$1%230)%8?+63-$%-3

8,15,5$%4$36%B,)&$%4&05&$//$&% 8,%-+',&(9$%,1,8H6)23$;%K$%/3&%230)% )1/)/6$%A$17$1)/6$>

(?$/6%/3&%8$%(,&,(6:&$%*$$%-)%-3%/H'@08)/'$%8)153)/6)23$>%(?$/6%\%-)&$%/3&%8,%-)'$1/)01

-3%,-*3&./(;%G&0@8:'$%B01-,'$16,8%403&%8?,1,8H/6$;%S$%/H'@08)/'$%8)153)/6)23$%a%$/6

*$$%-)>% )8% $/6% (0$[6$1/)B% \% 8?,(23)/)6)01% 23$% 8?90''$% B,)6% -3% '01-$% $6% -$

8?)16$88)5$1($%b"!X;%A$17$1)/6$%B,)6%-$%($6%,44&$16)//,5$%31$%,(6)7)6+%(0$[6$1/)7$%\%8,%7)$

$16):&$>%$6%B01-+$%4,&%8$%-),8053$;%K$%23?)8%-)6%$1/3)6$%$1%+(&)7,16%23$%a%($/%/H'@08$/%$6

8$3&%/H16,[$%1$%/$%/+4,&$16%4,/%403&%83)%-$/%(90/$/%$6%-$%8?$[4+&)$1($%23?)8%$1%4&$1-%b>

(?$/6%23?)8%1?H%,%4,/%-$%/(9)I$%$16&$%31$%B0&'$%-$%7)$%k31$%$[4+&)$1($m%$6%31$%B0&'$%-$

8,15,5$%k8,%106)01%-$%a%/H16,[$%b%$/6%8)+$%\%31%/$16)'$16%-$%8,%8,153$>%($%1?$/6%4,/%31$

a%/H16,[$%b%,3%/$1/%10&',6)Bm;%A$17$1)/6$%,C036$%23$%8$%/H'@08)/'$%8)153)/6)23$%4&$1-

603C03&/% B0&'$% -,1/% 31$% 8,153$% 4,&6)(38):&$% ka%-,1/% 8$3&% -)7$&/)6+% ($/% /H'@08$/

,(63,8)/+/%-,1/%8$/%6$&'$/%-$/%8,153$/%bm%$6%$1B)1%23$%8,%&$8,6)01%-$/%a%/H'@08$/%b%,3[

a%(90/$/%b%$/6%,&@)6&,)&$%k($66$%&$8,6)01%a%/$%8,)//$%/$38$'$16%(01/6,6$&>%101%C3/6)B)$&%bm;

D% ($/% (,&,(6:&$/% -3% /H'@08)/'$% 8)153)/6)23$>% A$17$1)/6$% 0440/$% ($3[% -3

a%/H'@08)/'$%-$%8?)1(01/()$16%b%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"!"%IO-,;>%4;%VY;"!X%.,1/%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%A$17$1)/6$%+(&)6>%6$1,16%$1/$'@8$%8,8,153$%$6%8,%/0()+6+%M%a%S,153$%$6%/0()+6+%1$%/$%(01T0)7$16%4,/%8?31$%/,1/%8?,36&$;%S?31$%$6%8?,36&$%/016,&""5();%=,)/%,3//)%8?31$%$6%8?,36&$%/016%*$$%-)()%4,&%8?e6&$%93',)1>%23)%1?$1%40//:-$%4,/%8,(011,)//,1($%)11+$;%S?$1B,16%1,{6%$6%/$%-+7$8044$%-,1/%8,%/0()+6+%-$/%90''$/;%K$%/016%-$/%93',)1/,-386$/>%/$/%4,&$16/>%23)%83)%)1(3823$16%8?3/,5$%-$%8,%4,&08$;%S?,(23)/)6)01%-3%8,15,5$%$/6%31$%$[4+&)$1($23)%7,%-$%4,)&%(9$I%8?$1B,16%,7$(%8,%B0&',6)01%-3%/H'@08$%$6%8,%(01/6&3(6)01%-$%8?0@C$6%bF')8$A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b%k]^`"m>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!^;%J8%/$'@8$%)()%$1(0&$%23$%A$17$1)/6$%/$%'$6%\%8,%40&6+$>%\%8,%(&0)/+$%-$/%4/H(9,1,8H/6$/$1%$1%$'4&316,16%'e'$%4&$/23$%8$%/6H8$>%8$/%69:'$/%-?)16$&&05,6)01%k8$%-+7$8044$'$16%-$%8?$1B,16>%8$//H'@08$/>%8,%/0()+6+�m>%',)/%$1%&$B0&'38,16%8$/%4&0@8:'$/%-$%',1):&$%8)153)/6)23$;

]!"

F1% &$5,&-% -$% ($% /H'@08)/'$% 23)% /$% &+,8)/$% $1% /)51$/% )1B)1)'$16% -)7$&/>% (0'@)1+/% $1/H/6:'$/% B0&'$8/% ,3//)% 10'@&$3[% $6% -)/6)1(6/% 23?)8% H% ,% -$% 8,153$/>% 8$% /H'@08)/'$% -$8?)1(01/()$16% -+(037$&6% 4,&% R&$3-% 0BB&$% -$/% (,&,(6:&$/% ,@/083'$16% /4+()B)23$/% $6-)BB+&$16/;% z3$823$/P31/% -0)7$16% e6&$% /038)51+/;% .?,@0&-% /01% 31)7$&/,8)6+;% J8% /$'@8$>-?,4&:/%8$/%+63-$/%B,)6$/%/3&%8$/%&e7$/%$6%8$/%1+7&0/$/>%23$%8$/%/H'@08$/%23)%8$/%6&,-3)/$16(01/6)63$16%31%s70(,@38,)&$t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s'06)7,6)01t;%f1%0@/$&7$&,%$1B)1%23$%8,%s/H16,[$t%0g%/?$1(9,{1$16%($//H'@08$/% )1(01/()$16/% 1?0@+)6% \% ,3(31$% $[)5$1($% 805)23$>% 03% 4836w6% $88$% 1$% (011,{623?31$%-)'$1/)01>%($88$%-$% 8,% /3(($//)01%23)>% (0''$%R&$3-% 8?,%73>% /)51)B)$% ,3//)%@)$1s(,3/,8)6+t;

a%J8% /$'@8$%b>% +(&)6% A$17$1)/6$;% K,&% @)$1% /c&>% 8?)-+$% -?% 31$% 31)7$&/,8)6+% -$/

/H'@08$/% 1?$/6% 4,/% 40//)@8$% 403&% 83)% 23)% 4$1/$% 8,% -)7$&/)6+>% 8,% 7)$>% 8?)17$16)01>% 8$/

a%/)51$/%)1B)1)'$16%-)7$&/>%(0'@)1+/%$1%/H/6:'$/%B0&'$8/%,3//)%10'@&$3[%23$%-)/6)1(6/

23?)8% H% ,% -$% 8,153$/%b;% G03&%A$17$1)/6$>% 8$% /$38% 31)7$&/$8>% (?$/6% 8$% -),8053$;% J8% B,36>

-?,4&:/% '0)>% -,1/% ($% 4,//,5$% e6&$% 6&:/% ,66$16)B% ,3[% 53)88$'$6/% ka%70(,@38,)&$%b>

a%'06)7,6)01%b>%a%/H16,[$%b>%a%(,3/,8)6+%bm;%K$%23$%'016&$%A$17$1)/6$%(?$/6%23$%R&$3-

-$%',1):&$%)1(01/()$16$%4&0C$66$%/3&%8$%4/H(9)/'$%31$%&$4&+/$16,6)01%-$%/,%8,153$>%31

a%70(,@38,)&$%b>%31$%a%/H16,[$%b%h%01%7$&&,%483/% 80)1%23?)8%4$1/$%-$/%a%B)53&$/%b;%O036

-?,@0&-% 31% a%70(,@38,)&$%b>% (?$/6P\P-)&$% 31$% 4$1/+$% -3% /)51$% /03/% 8?,/4$(6% -$% 8,

-+/)51,6)01%M%23$823$%(90/$% /$% 6)$16%403&%,36&$% (90/$;%A$17$1)/6$%4,&8$%-$%a%&)(9$//$

-$/%/)51)B),16/%b%$6%-?a%31)()6+%-3%/)51)B)+%b>%03%$1(0&$%-$%a%/)51)B),16/%'386)48$/%b%$6%-$

a%/)51)B)+%31)23$%b"!Y;%K$%23)%/$%-)/6)153$%6&:/%1$66$'$16%-$%8,%4$1/+$%/,3//3&)$11$%-3

/)51$% 8)153)/6)23$%43)/23$%-$%1037$,3%01%/+4,&$%$16&$%-$3[%+8+'$16/;%A$17$1)/6$%-)6

@)$1%23$%($66$%4$1/+$%-3%/H'@08$%)1(01/()$16%1?$/6%4,/%31$%69+0&)$%-3%8,15,5$>%4836w6

31$%4$1/+$%-$/%a%)',5$/%b%M%($()%103/%&,':1$%\%8,%4$1/+$%-3%/)51$%(9$I%8$/%Q60N()$1/>

(9$I%/,)16%D353/6)1>%43)/%$1/3)6$%(9$I%G$)&($%$6%(9$I%S,(,1%k,7$(%8,%&$4&)/$%(9$I%603/

-$% 8,% &$8,6)01% )-."*")% É% )-."*'/7m;%f1% &$4$1/$% ,3//)% \% 31$% -$/% )16$&4&+6,6)01/% -$% 8,

(936$% \% A,@$8>% 101% 8?)16$&4&+6,6)01% -$% 8,% -)7$&/)6+% $6% -$% 8?9)/60)&$% 23)% (0''$1($% \

A,@$8>% ',)/% 8?)16$&4&+6,6)01% -$% 8,% (01B3/)01% $6% -$% 8,% -)/4$&/)01>% 23?01% &$6&037$% 4,&

$[$'48$% (9$I% J/)-0&$% -$% Q+7)88$% 03% /,)16% D353/6)1%M% a% )1% -)7$&/0/% /)510&3'% /010/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"!Y%f1%&$170)$%,3%6&,7,)8%6&:/%)16+&$//,16%-$%=)(9$8%D&&)7+%/3&%8,%&$8,6)01%R&$3->%Q,3//3&$>%S,(,1>%\4&040/%106,''$16%-$%8,%23$/6)01%-$%8,%69+0&)$%-3%/)51$;%i0)&%=)(9$8%D&&)7+>#<*".*.(#('#$)Q2:*"*3Q)(+3-"./-)'-4/(#('#-"2&")2-("'+#T%(/,+#>*/))/%(+#K-2:&"+#<*2*">%S,'@$&6PS3(,/>%S)'05$/>%!ZZY%k]$%+-)6)01>GUR>%G,&)/>%]^VXm;%l06,''$16%8$%(9,4)6&$%)16)638+%a%S,(,1%8$(6$3&%-$%Q,3//3&$%b;%f1%7$&&,%,3//)%23?)8(01/,(&$%31%(9,4)6&$%\%8,%&$4&)/$%-$%8,%23$/6)01%-$/%/$1/%0440/+/>%\%4,&6)&%-$%A$17$1)/6$;

]!X

93',1,'%-)7)-$&$6%/0()$6,6$'%b"!`%É%("#,-==5%("')#)&")#,()#)-."()#3*#)&2-5'5#:/7*-"(

=/'# ,-9-)5(;% .$/% /)51)B),16/% -)BB+&$16/% (0''$% -$/% /01/% -$% 70)[% -)BB+&$16/% k-,1/% -$/

8,153$/% -)BB+&$16$/m% &$170H,16% \% 31% /)51)B)+% 31)23$;%K$% 8)$1% B,)6% /$1/% /)% 01% 70)6% 23$

A$17$1)/6$% (&)6)23$% 8?)-+$% -?31% a%70(,@38,)&$%b% 31)7$&/$8>% a%/,1/% ,(($46)01% -$

8,153$/%b>%$6%101%,44&)/;

A$17$1)/6$%+(&)6%23$%a%8,%&$8,6)01%$16&$%($/%/H'@08$/%$6%($%23?)8/%&$8,6$16%4$36%/$

-+B)1)&% 4,&% 8,% &)(9$//$% -$/% /)51)B),16/% $6% 8?31)()6+% -3% /)51)B)+>% ($()% 6$1,16% \% ($% 23$% 8$

(016$13% $/6% &$B038+>% $6% 1$% /$% -+8)7&$% 23$% /03/% 8$% (037$&6% -$/% )',5$/%b;% K$% 23)% $/6

-)BB)()8$% -,1/% ($66$% B0&'38,6)01>% (?$/6% 23?$88$% (01B&016$% -$3[% 48,1/% -)BB+&$16/% -$

&+B8$[)01%M% 8?+6,6% -?31$% ,44&0(9$% 4/H(9,1,8H6)23$% 23)% \% 31%'0'$16% 603&1$% 8$% -0/% ,3

8,15,5$% 403&% 4$1/$&% -$/% /H'@08$/>% -$/% )',5$/>% $6% ($% 23?31$% 8)153)/6)23$% 4$&'$6% -$

4$1/$&>% -$% B,)&$% 4&05&$//$&;% S$/% 6$&'$/% -$% a%/)51)B),16%b% $6% -?% a%)',5$/%b% /016% \% 8,

(&0)/+$;

G03&%8,%4/H(9,1,8H/$>%)8%H%,%31$%@,&&):&$%$16&$%8$%/)51)B),16%$6%8$%/)51)B)+>%($%23$

S,(,1% +(&)&,% -,1/% /,% B,3//$% 8$(63&$% -$% 8,% 69+0&)$% /,3//3&)$11$% -3% /)51$%M% a%8,% @,&&$

/,3//3&)$11$%~�Ä%1$%/,3&,)6%&$4&+/$16$&%1388$%)163)6)01%-$%4&040&6)01>%1)%/$%6&,-3)&$%$1

@,&&$% -$% B&,(6)01% 23$% -?31% ,@3/% -+8)&,16>%',)/% (0''$% ($% 23?$88$% $/6% 403&% Q,3//3&$>

B,)&$% @0&-% &+$8>% /0)6% \% /,36$&% -3% /)51)B),16% 23)% B8066$% ,3% /)51)B)+% 23)% B83$%b"!_;% K$% 23)

,44,&,{6% )()>%(?$/6%23$%8$%a%/)51)B),16%b%$/6%8$%/)51$%-?31%a%/)51)B)+%b>%-016% )8%',1)B$/6$

8?,@/$1($>%8$%&$B038$'$16;%S,(,1%-+(&)&,%,)1/)%-$/%(9,{1$/%-$%/)51)B),16/>%4,&%$[$'48$

-,1/%/01%Q+')1,)&$%/3&%8$/%4/H(90/$/%$1%]^YYP]^Y`>%+(&)7,16%23$%8$%a%/)51)B),16%b%a%$/6

83)%,3//)%8$%/)51$%-?31$%,@/$1($;%=,)/%$1%6,16%23?)8%B,)6%4,&6)$%-3%8,15,5$>%8$%/)51)B),16

$/6% 31% /)51$%23)% &$170)$% \% 31% ,36&$% /)51$>% 23)% $/6% (0''$% 6$8% /6&3(63&+% 403&% /)51)B)$&

8?,@/$1($%-?31%,36&$%/)51$>%$1%-?,36&$/%6$&'$/%403&%/?0440/$&%\%83)%-,1/%31%(0348$%b"!V;

F7)-$''$16>% 01% $/6% 8\% (9$I%S,(,1% $6% 101% (9$I%R&$3->%',)/% ($% 23)% ,44,&,{6% (9$I% 8$/

-$3[%(?$/6%31$%',1):&$%-$%&$/6$&%-+4$1-,16%-?31$%7)$)88$%69+0&)$%-3%/)51$>%0g%23$823$

(90/$%&$170)$%\%23$823$%(90/$%-?,36&$"!^>% 8\%0g%@)$1%-)BB+&$''$16%(9$I%Q,3//3&$>%31

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"!`%J/)-0&$%-$%Q+7)88$>%1'Q7&3&.-*(#)-9(#&%-.-"()>%S)7&$%JW>%(9,4;%]%Ü];%i0)&%8?+-)6)01%@)8)153$%-$%($%6$[6$4,&%=,&(%L$H-$88$6%k(0''$16,)&$/%$6%6&,-3(6)01m>%+-)6)01/%-$/%A$88$/PS$66&$/>%]^VX;%f1%$1%&$170)$%\106&$%(0''$16,)&$%483/%9,36;"!_%#,(23$/%S,(,1>%a%L,-)04901)$%b>%)1%>2-3-2('+#PrV>%Q$3)8>%G,&)/>%]^_Z>%4;%`V;%f3%$1(0&$%-,>1/%8$Q+')1,)&$%WW>%a%S$%/)51)B),16%$/6%-?,@0&-%($%23)%,%$BB$6%-$%/)51)B)+>%$6%)8%)'40&6$%-$%1$%4,/%+8)-$&23?$16&$%8$/%-$3[>%)8%H%,%23$823$%(90/$%-$%@,&&+%\%B&,1(9)&%b%k#,(23$/%S,(,1>%>57-"*-%(+#ÜÜ>%1"2&%(>]^_!P]^_">%Q$3)8>%G,&)/>%]^_Y>%4;%"Ym;"!V%#,(23$/%S,(,1>%>57-"*-%(+#III>%<()#K)Q2:&)()>%]^YYP]^Y`>%Q$3)8>%G,&)/>%]^V]>%4;]VV;"!^%K$%23$%S,(,1%&$4&0(9$%83)P'e'$%603&%\%603&%\%Q,3//3&$%$6%\%A$17$1)/6$>%-)/,16%23?)8/%1$%B016%23$6&,-3)&$%8,%4$1/+$%/60N()$11$%$6%,353/6)1)$11$%-3%/)51$;%K$%23)%$/6%31%5&,7$%(016&$P/$1/;%S,(,1%+(&)6%$1$BB$6%M%a%Q,3//3&$%$1%&$/6$%\%8?,((:/%/60N()$1>%8$%'e'$%23$%($83)%-$%/,)16%D353/6)1%k(B;%$16&$%,36&$%8$%H(

]!Y

/)51$%$[)/6$%$1% 6,16%23$%9*3(/%% -,1/%31% &,440&6%-$% /H/6:'$>%4,&%-?,36&$/% /)51$/%,7$(

8$/23$8/% )8/% 70)/)1$16% 03% /?0440/$16>% $6% 0g% 8?-7*.(# *2&/)'-4/(# $/6% )1-)//0(),@8$% -?31

2&"2($'%M%(?$/6%8,%$(")5(`)&";%F6%(?$/6%\%Q,3//3&$>%C$%(&0)/>%23$%4$1/$%-+C\%A$17$1)/6$

80&/23?)8%4,&8$%-?-7*.(%$6%-$%)-."-=-*"';%f1%@,/(38$%-$%8?)',5$%7)/3$88$%(01T3$%90&/%-3

/)51$%4,&%8,%4/H(9,1,8H/$>%31$%4$1/+$%-$%8?)',5$%/,1/%69+0&)$%-3%8,15,5$>%\%8,%4$1/+$

-$% 8?-7*.(# *2&/)'-4/(# 03% -7*.(# */,-'-9(% 23)% B01-$% 8,% $(")5(`)&"% (9$I% Q,3//3&$>% 8,

7&'-9*'-&";%f1%,%73%483/%9,36%$6%01%7$&&,%483/%80)1%-$%23$88$%',1):&$%($66$%4$1/+$%-$

8?)',5$%(9$I%Q,3//3&$%$/6%8)+$%\%8?,7$163&$%-$%/01%+4023$>%\%8,%4$1/+$%-$/%*))&2-*'-&")>

\% 8,% &$(9$&(9$% /3&% 8$/% /H1$/69+/)$/>% 8,% 4$1/+$% /4)&)6$�% .$% ',1):&$% /03&-$>% 01% -)6

4,&B0)/%23$%Q,3//3&$%4,&8$%-$%a%/H16,5'$%b%$6%-$%a%4,&,-)5'$%b%23,1-%)8%4,&8$%$1%B,)6

-$% 3-(")% )Q"'*.7*'-4/()% $6%*))&2-*'-=);% K?$/6% 03@8)$&% /,% 4$1/+$% -$% 8,%7&'-9*'-&";% f1

4$36% 8)&$% -,1/% 8$/% (,9)$&/% -$% /$/% +63-),16/% 23$% Q,3//3&$% 4,&8,)6% \% 4&040/% -3

&,44&0(9$'$16%-$%O3*/%ka%@8$3%bm%$6%-$%,/%2:O3*/("%ka%B&,44$&%-$%7$&5$/%bm%É%23)%1?016

4,/%-$%&,440&6%+6H'0805)23$%É%-$%a%/)'48$%(0''31,36+%-?)',5$/%,3-)6)7$/%b""Z>%-?31$

a%,//0(),6)01% 'e'$% ,3-)6)7$%b""];% D% 8,% 4,5$% /3)7,16$% 01% 8)6% a%31% '06% 23$8(0123$

+7023$% )1+7)6,@8$'$16% 4,&% ,//0(),6)01% 6036% ($% 23)% 4$36% 83)% &$//$'@8$&%b""!;% <()

7/)-2-(")# $%&,/-)("'# 3()# /01/# ('# 3()# .%*-"('-(%)# 3()# 9(",("'""";% S0&/23$% A$17$1)/6$

+(&)6%23$%a%8$%(016$13%~-$/%/H'@08$/Ä%$/6%&$B038+>%$6%1$%/$%-+8)7&$%23$%/03/%8$%(037$&6

-$/% )',5$/%b>% )8% '$% /$'@8$% 23?)8% B,)6% /$% &,44&0(9$&% $6% /$% -)/(36$&% -$3[% (90/$/

-)BB+&$16$/>%8?)',5$%-$%8,%4/H(9,1,8H/$>%23)%$/6%8?)',5$%-?,36&$%(90/$%k31%/H'@08$m>%$6

8?)',5$%(9$I%Q,3//3&$>%8?)',5$%,(03/6)23$%03%,3-)6)7$>%)1-)//0(),@8$%-?31%(01($46>%8)+$

\% 8,%4$1/+$%-$% 8,%'06)7,6)01>%-,1/% 8$%-)/(03&/;%F6% (?$/6% 4&+()/+'$16%-$% 8,%7&'-9*'-&"

-016% )8% $/6% 4&+()/+'$16% 23$/6)01% C3/6$% $1/3)6$>% -,1/% ($66$% 49&,/$% 23)% /?037&$

+6&,15$'$16% 4,&% a%$1% &$7,1(9$%b>% 80&/23?01% ,66$1-,)6% -,7,16,5$% 31% a%-$% 483/%b>

@,8,1($'$16% 23)% 7,% ,7$(% 8,% 4/H(9,1,8H/$% &$40/$&% -,1/% 8$% 8,15,5$% 8$% 4&)1()4$% -$

a%'06)7,6)01%b>% 23$% Q,3//3&$% /$801% 8?9,@)63-$% 23$% 8?01% ,% -$% -)&$>% ,3&,)6% +8)')1+% $1

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%7*.-)'%&>%-016%\%$1%-,6$&%'01%,443)>%C?)1-)23,)/%,//$I%8,%8)')6$%M%8,%-)/6)1(6)01%)-."*")%É%)-."*'/)m%bk#,(23$/%S,(,1>%R5359-)-&">%Q$3)8>%G,&)/>%]^_">%4;%X`m>%03%$1(0&$%a%)8%1?$/6%23$%-$%-)/6)153$&>%($%\%230)+6,)6%4,&7$13$%-:/%80156$'4/%8,%/,5$//$%/60N()$11$>%8$%/)51)B),16%-3%/)51)B)+%k403&%$1%6&,-3)&$%8$/%10'/8,6)1/%(0''$%Q,3//3&$m%b%kIO-,;>%4;%!Zm;%F6>%\%4&040/%-$%A$17$1)/6$>%-,1/%8$%Q+')1,)&$>%JJJ>%a%S$%/)51)B)+$/6%6036%\%B,)6%,36&$%(90/$%u%(?$/6%8,%/)51)B)(,6)01>%-016%C$%703/%,)%$[48)23+%5&|($%\%/,)16%D353/6)1>%23)%$/68)153)/6$%,3//)%@)$1%23$%=;%A$17$1)/6$>%23?$88$%&$170)$%603C03&/%\%8,%/)51)B)(,6)01>%(?$/6P\P-)&$%\%31$,36&$%/)51)B)(,6)01%b>%#,(23$/%S,(,1>%>57-"*-%(+#III>%<()#K)Q2:&)()>%]^YYP]^Y`>%Q$3)8>%G,&)/>%]^V]>%4;X!;""Z%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%+-)6)01%(&)6)23$%4,&%L3-08B%F158$&><,&&,//0E)6I>%Ç)$/@,-$1>%]^`_>%B,/()(38$%!>%4;%!V_>%!$%(08011$;""]%I,(7;>%4;%!V_%kX$%(08011$m;""!%IO-,;>%4;%!VV%k!$%(08011$m;"""%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%G,H06>%G,&)/>%]^_!>%4;%]_X;

]!`

40/,16%8?)-+$%-$%8?,&@)6&,)&$%-3%/)51$>%(?$/6P\P-)&$%-$%8,%101P'06)7,6)01%-,1/%8$%8,15,5$;

A$17$1)/6$%+(&)6%M%a%F1%&$7,1(9$>%\%8,%-)BB+&$1($%-3%/)51$%8)153)/6)23$>%($/%/)51)B),16/

'386)48$/%$6%($%/)51)B)+%31)23$%/016%(01/6,''$16%8)+/%4,&%31%&,440&6%-$%s'06)7,6)01tb;

f1% /$% /037)$16% 23$% 8?,&6)(8$% /?037&,)6% /3&% 8,% (01/6,6,6)01% -$% 8?)'40&6,16% -+48,($'$16

-,1/%8,%7)/)01%-016%6+'0)51$%8,%4/H(9,1,8H/$%B&$3-)$11$%-3%B,)6%23?$88$%6&,7,)88$%-,1/

8$% (9,'4% $6% ,7$(% 8$/%'0H$1/% -3% 8,15,5$%M% $88$% (9$&(9$% \% -+(037&)&% 31% a%&,440&6% -$

'06)7,6)01%b%$6%101%31%a%&,440&6%-$%(,3/,8)6+%b;%f1%70)6%($66$%0440/)6)01% &+,44,&,{6&$

)()%h%103/%,701/%73%23?)8%+6,)6%23$/6)01%-$%a%'06)7,6)01%b>%',)/%-:/%8,%49&,/$%/3)7,16$>

)8% $/6% @)$1% 23$/6)01% -$% a%(,3/,8)6+%b%M% a%f1% 0@/$&7$&,% $1B)1% 23$% 8,% s/H16,[$t% 0g

/?$1(9,{1$16% ($/% /H'@08$/% )1(01/()$16/%1?0@+)6% \%,3(31$%$[)5$1($% 805)23$>% 03%4836w6

$88$% 1$% (011,{6% 23?31$% -)'$1/)01>% ($88$% -$% 8,% /3(($//)01% 23)>% (0''$% R&$3-% 8?,% 73>

/)51)B)$% ,3//)% @)$1% s(,3/,8)6+t%b;% K$% 23?)1-)23$% )()% A$17$1)/6$>% (?$/6% 23$% /,1/% /?$1

&$1-&$%(0'46$%R&$3-%&+)1/(&)6%-$%8,%a%(,3/,8)6+%b%-,1/%/01%,1,8H/$;%R&$3-%4&0C$66$%31$

&$4&+/$16,6)01%/H16,[)23$%-$%/,%8,153$%h%)8%4$1/$%,7$(%8$/%'0H$1/%-?31$%5&,'',)&$%-$

/,% 8,153$>% a%(,3/,8)6+%b% $6% a%/3(($//)01%b>% -$/% 805)23$/% )1-0P$3&04+$11$/>% (0''$% )8

4$1/$&,% 8$/% $1(9,{1$'$16/% -$/% /H'@08$/% $1% 6$&'$% -$% 6&04$/>% (?$/6P\P-)&$% ,7$(% 8$/

'0H$1/% -?31$% /6H8)/6)23$;% S,% 2*/)*3-'5>% 8,% )/22())-&"% /?0440/$16% \% 8,% 7&'-9*'-&">

(0''$% 8,% )Q"'*N(% /?0440/$% ,3% )Q"'*.7(;% D% 31% 0&-&$% 805)23$% A$17$1)/6$% 0440/$

8?)'4&+-)(6)@8$% -?31$% ,(6)7)6+% -3% /3C$6% -,1/% /,% 8,153$>% 8?)1B)1)% -$/% 8)$1/% 23?)8% 4$36

4&0-3)&$>%$6%0g%)8%4$36%/$%4&0-3)&$>%8?)17$16)01%-?31$%+(036$;%f1%7$&&,%($66$%0440/)6)01

-$%1037$,3%80&/23?)8%4,&8$&,%-$%A,3-$8,)&$""X;%f1%,%73%483/%9,36%23$%Q,3//3&$%4$1/,)6

@)$1%8$%(,&,(6:&$%,&@)6&,)&$>%-77&'-95>%-3%/)51$%8)153)/6)23$>%',)/%$1%'e'$%6$'4/%23?)8

40/,)6% 31$% ,36&$% -)'$1/)01>% 23?)8% ,44$88$% a%'06)7,6)01% &$8,6)7$%b>% %(3*'-9(% 4,&($% 23$

&$8,6)011,16$>%$6%-016%01%,%73%23?$88$%+6,)6%-$%8?0&-&$%-3%-)/(03&/;%.,1/%($%(,/>%)8%B,36

&$7$1)&% \% 8?,1,8H/$% 23$%A$17$1)/6$% B,)6% -$/% 6$&'$/% -$% /$1/% 0440/+/>% $6% (?$/6% ($% 23?)8

103/%4&040/,)6%-+C\%-$%B,)&$%80&/23?)8%4,&8,)6%,7$(%R&$3-%-$/%(8+/%-$/%/015$/;%K?$/6%($

23$%Q,3//3&$%,3//)%103/%4$&'$6%-$%4$1/$&%80&/23?)8%-)6%23?a%31%'06%23$8(0123$%+7023$

)1+7)6,@8$'$16%4,&%,//0(),6)01% 6036%($%23)%4$36% 83)% &$//$'@8$&%b;%=)(9$8%D&&)7+>%-,1/

31% (9,4)6&$% 23?)8% (01/,(&$% \% 8,% 23$/6)01% -$/% /$1/% 0440/+/>% -,1/% /01% 037&,5$

<-"./-)'-4/(#('#K)Q2:*"*3Q)(+#3-"./-)'-4/(#('#-"2&")2-("'>%+(&)6%M

Q$/% (&)6)23$/% /3&% 8,% -+/)170863&$% 9)/60&)23$% -?D@$8% /016% )1(016$/6,@8$/;% L$/6$1,63&$88$'$16%($66$%+7)-$1($%M%'e'$%/)%É%6036%8$%'01-$%$1%(017)$16%É%23*7%$6%23*7*%(1?016% ,3(31$% &$8,6)01% +6H'0805)23$>% )8/% /016% ($4$1-,16% 90'01H'$/;% A$17$1)/6$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%""X%i0)&%483/%80)1>%4;%!X`%$6%/3)7,16$/;

]!_

&$4&0(9$% \% D@$8% -$% s&,//$'@8$&% 6036% ($% 23)% /$% &$//$'@8$t% k4;% VZm;% z3?01% &$4$1/$% \Q,3//3&$% '+-)6,16% /3&% ,52%5$-% $6% ,52%5$-'>% 03% \% 8,% s/H/+')$% 90'04901)23$t% -$.,'03&$66$%$6%G)(901%M%8,%8,153$%$88$P'e'$%1$%4&0(:-$P6P$88$%4,/%-$%($66$%B,T01%p

=)(9$8%D&&)7+%,%&,)/01>%$6%(?$/6%@)$1%,3//)%8,%B0&($%-3%6&,7,)8%-$%A$17$1)/6$>%23)

4$&'$6% ($% (9$')1>% ($% &$603&>% ,7$(% 8,% 1037$,36+% -?31$% 4$1/+$% -3% -)/(03&/>% ,7$(

Q,3//3&$;% >'/77% ka%4,&,8H/+% -$% 8,% 8,153$%bm% $6% >'-77(% ka%70)[%bm% /016% 8)+/% 4,&% 8$

-)/(03&/>%-,1/%/"%-)/(03&/;

A$17$1)/6$%)1-)23$%23?)8%B,36%-)/6)153$&%8$%8,15,5$%$6%($%23$%R&$3-%)',5)1$%e6&$

31% a%8,15,5$%b% 80&/23?)8% 4,&8$% -?)1(01/()$16;% a%l03/% /0''$/% -01(% $1% 4&+/$1($% -?31

s8,15,5$t%/)%4,&6)(38)$&%23?)8%H%,% 6036% )16+&e6%\% 8$%-)/6)153$&%-$%($%23$%103/%,44$801/

,)1/)%b""Y;% J8% &$4&$1-% )()% 8$/% 23$/6)01/% 23?)8% 40/,)6% ,3% -+4,&6%M% a%23$8% $/6% -01(% ($

s8,15,5$t%23)%,5)6%,36,16%23?)8%$[4&)'$%p%F/6P)8%)-$16)23$%\%($83)%23?01%$'480)$%90&/%-$

8?,1,8H/$%p%b""`;% A$17$1)/6$% $1% ,&&)7$% \% 4&+/$16% \% 40/$&% ,7$(% R&$3-% 8,% 23$/6)01% -$

8?)1(01/()$16%-,1/%/,%&$8,6)01%$1/$'@8$>%\%8,%4$&/011$%$6%\%8,%(3863&$;%F6%8$%4,H/,5$%23$

($% 23$/6)011$'$16% ,':1$>% (?$/6% R&$3-% @)$1% /c&>% (?$/6% #315% ,3//)>% ',)/% (?$/6% A0,/>

=,8)10E/d)>%=,3//>%Q,4)&�%f1%,%73%483/%9,36%23$%A0,/%)16)638,)6%$1%]^ZV%31$%4,&6)$

-$% /01% I"'%&,/2'-&"# '&% [*",O&&\# &=# F7(%-2*"# I",-*"# <*"./*.()>% a#G"2&")2-&/)

B:*%*2'(%# &=# 3-"./-)'-2# K:("&7("*# b>% 01% ,% 73% ,3//)% 23$% Q,4)&% +(&)7,)6% a%R:(

G"2&")2-&/)# K*''(%"-".# &=# 8(:*9-&%# -"# >&2-('Q%b% $1% ]^!V>% 03% $1(0&$% $1% ]^"!

a%B/3'/%*3# F"':%&$&3&.Q# *",# K)Q2:-*'%Q%b;% K0''$% )8% $/6% 23$/6)01% -$% B08d80&$>% -$

'H69$/>% -$% 8+5$1-$/>% (?$/6% ,3//)% ,3% 6&,7,)8% -$% Q,3//3&$% /3&% 8$/% 8+5$1-$/% ,323$8% 01

4$1/$;%.,1/%8?,&(9)7$%',13/(&)6$%-$%A$17$1)/6$>%01%6&037$%-$/%(04)$/%-$/%',13/(&)6/

-$%Q,3//3&$%/3&%8$/%8+5$1-$/;%K$%23)%)16+&$//$%Q,3//3&$>%$6%A$17$1)/6$%/,1/%-036$%,3//)>

-,1/%8?+63-$%-$/%8+5$1-$/>%(?$/6%8,%',1):&$%-016%$88$/%/$%6&,1/B0&'$16>%8$3&%&+)17$16)01>

8$/%/H'@08$/%',)/%/03/%8?,/4$(6%-$%8,%7,8$3&%$6%-3%/H/6:'$;%f1%-0)6%,3//)%,70)&%$1%6e6$

8$%6&,7,)8%-$%A$17$1)/6$%83)P'e'$%/3&%8$/%8+5$1-$/>%8+5$1-$%-$/%.,1,N-$/>%8+5$1-$%-$

}0'@,@0/""_%h%83)%,3//)%(9$&(9$%\%-+(037&)&%-$/%7,&),16$/>%-$/%6&,1/B0&',6)01/>%$6%/,1/

-036$%70)6P01% 80&/23?01% 8$% 8)6>% 23$% /,% &+B8$[)01% 40&6$% /3&% 31% )1(01/()$16% 8)153)/6)23$>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%""Y%IO-,;>%4;%V`;""`%IO-,;>%4;%__;%D3//)>%a%J8%4&$1-&,%-01(%8$%-)/(03&/%(0''$%6&3(9$'$16%-?31%,36&$%s8,15,5$t>%23)%,%/$/&:58$/>%/$/%/H'@08$/%$6%/,%s/H16,[$t%4&04&$/>%$6%23)%&$170)$%,3[%/6&3(63&$/%4&0B01-$/%-3%4/H(9)/'$%bkIO-,;>%%4;%_Vm>%0g%)8%)'40&6$%-$%&$',&23$&%8$/%53)88$'$6/>%8?,1,8H/$;""_%F')8$%A$17$1)/6$>%a%S,%8+5$1-$%-$%}0'@,@0/%b>%)1%S53*".()#)Q%-(")#&==(%')#g#D0#H/))*/,>%G,&)/>*$3691$&>%]^"^>%4;%!YZP!YV%h%F')8$%A$17$1)/6$>%a%S,%8+5$1-$%-$/%.,1,N-$/%b>%)1%D(9/(#,A[-)'&-%(#,()D(3-.-&")+#LVU>%S$&03[>%G,&)/>%4;%]!^P]"V;

]!V

($8,% -,1/% 31% -),8053$% ,7$(% R&$3->% $6% -,1/% 31$% -)/(3//)01% ,3//)% -3% 6&,7,)8% -$% S+7)P

Q6&,3//% /3&% 8$/% /6&3(63&$/% +8+'$16,)&$/% -$% 8,% 4,&$16+;%A$17$1)/6$% +(&)6% 4,&% $[$'48$% \

4&040/% -$% 8,% 8+5$1-$% -$/% .,1,N-$/%M% a%D% 8?0&)5)1$% -$% ($66$% 8+5$1-$>% 23?F/(9H8$

)16$&4&:6$%/$801% 8$%-&0)6%$6% 8,%49)80/049)$%-$%/01% 6$'4/>%/$% 6&037$% 8$% 69:'$%,&(9,N23$

-$/% ,88),1($/% )16$&-)6$/% $6% -$/% 4,&$16+/% )1(0'4,6)@8$/;% K$% -+@,6% C3&)-)23$% $6% '0&,8

6&,1/40/$%$1%&+,8)6+%31%4&0@8:'$%-3%/,15;%.,1/%8,%6&,5+-)$%-$/%.,1,N-$/%103/%70H01/

8,%&+7086$%-$/%(01/()$1($/%-$7,16%31$%)1B&,(6)01%\%8,%80)%B01-,'$16,8$%-$%8?$[05,')$;

S\% $/6% 8$% &$//0&6% 4&0B01-% -3% -&,'$>% (,&% 8$% (01B8)6% -$/% -$3[% /H/6:'$/% ',6&)'01),3[

'$1,($>% -,1/% 8$/% 4$&/011$/>% 6036% 8?0&-&$% 93',)1% $6% -)7)1%b""V;% K$% 23?0@/$&7$

A$17$1)/6$%(?$/6%8,%',1):&$%-016%8,%8+5$1-$%$/6%,(63,8)/+$>%-+48,(+$>%-,1/%31%(016$[6$

'0&,8%$6%49)80/049)23$>%23?$88$%4,&6)()4$%,3//)%1+($//,)&$'$16%\%)17$16$&;%K?$/6%-$%($6

)1(01/()$16P8\% -016% A$17$1)/6$% 4,&8$>% $1%'016&,16% ,3//)% 23$% R&$3-% -011$% 8$% (9$')1

-?31$%6$88$%,1,8H/$%M

K?$/6% $1% /038)51,16% ($/% -)/(0&-,1($/% 23?01% 4$36% ')$3[% 8$% ~8$% a%8,15,5$%b% -$8?)1(01/()$16Ä% /)63$&% -,1/% 8$% &$5)/6&$% -$/% $[4&$//)01/% 8)153)/6)23$/;% sK$66$% /H'@08)23$>-)6%R&$3->%1?$/6%4,/%/4+(),8$%,3%&e7$>%01%8,%&$6&037$%-,1/%6036$%8?)',5$&)$%)1(01/()$16$>-,1/%6036$/%8$/%&$4&+/$16,6)01/%(088$(6)7$/>%40438,)&$/%106,''$16%M%-,1/%8$%B08d80&$>% 8$/'H69$/>% 8$/% 8+5$1-$/>% 8$/% -)(601/>% 8$/% 4&07$&@$/>% 8$/% C$3[% -$%'06/% (03&,16/%h% $88$% H% $/6'e'$%483/%(0'48:6$%23$%-,1/%8$%&e7$;t%K?$/6%@)$1%40/$&%8$%1)7$,3%-3%49+10':1$;%.,1/8?,)&$%0g%($66$% /H'@08)23$% )1(01/()$16$% /$% &+7:8$>%01%403&&,)6%-)&$%23?$88$% $/6% \% 8,% B0)/)1B&,P% $6% /34&,P8)153)/6)23$;% J1B&,P8)153)/6)23$>% $88$% ,% /,% /03&($% -,1/% 31$% &+5)01% 483/4&0B01-$% 23$% ($88$% 0g% 8?+-3(,6)01% )1/6,88$% 8$% '+(,1)/'$% 8)153)/6)23$;% F88$% 36)8)/$% -$//)51$/% 23)% 1$% /$% -+(0'40/$16% 4,/% $6% 23)% (0'40&6$16% -$% 10'@&$3/$/% 7,&),16$/)1-)7)-3$88$/>%/3/($46)@8$/%$88$/P'e'$/%-$%/?,((&0{6&$%4,&%&$(03&/%,3%-0',)1$%(0''31-$% 8,% (3863&$% 03% \% 8?$[4+&)$1($% 4$&/011$88$;% F88$% $/6% /34&,P8)153)/6)23$% -3% B,)6% 23?$88$36)8)/$% -$/% /)51$/% $[6&e'$'$16% (01-$1/+/>% 23)>% -,1/% 8$% 8,15,5$% 0&5,1)/+>(0&&$/401-&,)$16% 4836w6% \%-$% 5&,1-$/% 31)6+/% -3%-)/(03&/% 23?\% -$/% 31)6+/%')1)',8$/;%F6$16&$%($/%/)51$/%/?+6,@8)6%31$%&$8,6)01%-H1,')23$%-?)16$16)011,8)6+%23)%/$%&,':1$%\%31$'06)7,6)01%(01/6,16$%k8,%s&+,8)/,6)01%-?31%-+/)&%&$B038+tm%$6%23)%$'4&316$%8$/%-+603&/%8$/483/%/)1538)$&/;""^

%S,%4/H(9,1,8H/$% B&$3-)$11$% &$6&037$%-,1/% 8$/% &$4&+/$16,6)01/% (088$(6)7$/>% 8$/

8+5$1-$/>% 8$/% 4&07$&@$/>% 8$/% C$3[% -$% '06�% 8,% 'e'$% )',5$&)$% /H'@08)23$% 23?$88$

-+(037&$% -,1/% 8$% &e7$;% K0''$% -)6% A$17$1)/6$>% a%(?$/6% @)$1% 40/$&% 8$% 1)7$,3% -3

49+10':1$%b;%K$%1)7$,3>%(?$/6%31%1)7$,3%3-"./-)'-4/(>%23)%$/6%,3//)%(3863&$8>%4$&/011$8>

9)/60&)23$>% ',)/% C,',)/% 31% 1)7$,3% ,&(9+6H4,8;% K?$/6% ($% 23?,1101T,)6% A$17$1)/6$

23$823$/% 8)51$/% 483/% 9,36>% 43)/23?)8% 4,&8,)6% -$% /)63$&% 8,% /H'@08)23$% -$% 8?)1(01/()$16

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%""V%F')8$%A$17$1)/6$>%a%S,%8+5$1-$%-$/%.,1,N-$/%b>%)1%D(9/(#,A[-)'&-%(#,()#D(3-.-&")+#LVU>%S$&03[>G,&)/>%4;%]"V;""^%IO-,;>%4;%V`;

]!^

a%-,1/%8$%&$5)/6&$%-$/%$[4&$//)01/%8)153)/6)23$/%b>%&$40/,16%8,%23$/6)01%-$%8?)1(01/()$16

/03/% 8?,/4$(6% -?31% )1(01/()$16% 8)153)/6)23$;% S$% B,)6% 23?)8% 4,&8$% ,7$(% R&$3-% -$% C$3% -$

'06/>%-$%4&07$&@$/�%-0)6%103/%&,44$8$&%,3//)%8?,1,8H/$%23?)8%':1$%83)P'e'$%\%4&040/

-$% 8?$349+')$%$6%-$% 8,%@8,/49+')$>%0g% )8%/?)16$&&05$%\%4&040/%-?)16$&-)6/%-$%4,&08$%k)8

43@8)$%$1%]^X^%31%,&6)(8$%)16)638+%a%F349+')/'$/%,1()$1/%$6%'0-$&1$/%b"XZ%$6%]^`^%31

,36&$%,&6)(8$%a%S,%@8,/49+')$%$6%8?$349+')$%b"X]m;

J8%'$%4,&,{6%)'40&6,16%-$%106$&>%'e'$%/)%01%/?+80)51$%31%4$3>%31$%-)/(3//)01%23)

$/6% 1+($//,)&$'$16% 4&+/$16$% \% 8?$/4&)6% -$% A$17$1)/6$% 80&/23?)8% +(&)6% \% 4&040/% -?31$

/H'@08)23$% )1(01/()$16$% -,1/% 8$/% &$4&+/$16,6)01/% (088$(6)7$/;% #$% 8?,7,)/% )1-)23+% 483/

9,36%M%)8%/?,5)6%-$%8?,7,1(+$%-,1/%8,%&+B8$[)01%23$%4$&'$66$16%R;%A0,/%$6%F;%Q,4)&;%Q,4)&

+(&)6%31%)'40&6,16%,&6)(8$%/3&%8$%/H'@08)/'$%$1%]^"X"X!;%F6%403&%83)>%($%/H'@08)/'$%$/6

)1(01/()$16;%F6%)8%$/6%-,1/%6036$/%8$/%,(6)7)6+/%93',)1$/;%Q,4)&%$[48)23$%4,&%$[$'48$>%$6

,7,16%=,&($8%=,3//% k23)% $1% ]^"X% 4,&8$&,% -$% a%6$(91)23$/% -3% (0&4/%bm>% 23$% 23$823$

(90/$% 23)% 4,&,{6&,)6% -$/% 483/% 1,63&$88$/% k03% )1-)7)-3$88$/m% (0''$% 8$% B,)6% -$% &$/4)&$&

/?,7:&$%e6&$%31$%,(6)7)6+%/0(),8)/+$%$6%/+',16)/+$"X"h%Q,4)&%4,&8$%,)1/)%-?a%G"2&")2-&/)

K*''(%"-".#&=#8(:*9-&%# -"# >&2-('Q#b>% ($% 23)% 1?$/6% 4,/>% (0''$% 8,% 6&,-3(6)01% B&,1T,)/$

-)6>% a%Sn)1B83$1($% -$/% '0-:8$/% )1(01/()$16/% /3&% 8$% (0'40&6$'$16% /0(),8%b%h% 1388$

a%)1B83$1($%b% )()%$6%4,/%7&,)'$16%-$%a%'0-:8$%b%h%(?$/6% 8?)17$&/$%43)/23$% 8$%$*''(%"-".

k23)% $/6% 31% 10'>% ',)/% 31$% B0&'$% 7$&@,8$>% 31% 4,&6)()4$% 4&+/$16m>% (?$/6% 8?,(6)7)6+

-?)17$16)01%-3%$*''(%"%483/%23?31$%/03')//)01%\%31%'0-:8$%$[)/6,16>%31$%)1B83$1($;%f1

4&040/,)6% 483/% 9,36% -$% 6&,-3)&$% ,)1/)M% a%S,% 4&0-3(6)01% )1(01/()$16$% -$/% B0&'$/% -$% 8,

/0(),@)8)6+%b;

D3%-+@36%-$%($6%,&6)(8$>%Q,4)&%4&040/$%-$%B,)&$%31$%$[4+&)$1($%'$16,8$>%)',5)1,16

23?31%0@/$&7,6$3&%,//)/6$%\%31$%/(:1$%-$%8,%7)$%-?)1-)$1/%1,6)B/%$6%,)6%403&%')//)01%-?$1

B,)&$% 31% &,440&6% 8$% 483/% ')136)$3[;% K$66$% $[4+&)$1($% '$16,8$% 4$36% 103/% )16+&$//$&

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"XZ%F')8$%A$17$1)/6$>%a%F349+')/'$/%,1()$1/%$6%'0-$&1$/%b%k]^X^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%"ZVP"]X;"X]%F')8$%A$17$1)/6$>%a%S,%@8,/49+')$%$6%8?$349+')$%b%k]^``>%]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%!YXP!Y_;"X!%F-E,&-%Q,4)&>%a%QH'@08)/'%b>%)1%1"2Q23&$*(,-*#&=#':(#>&2-*3#>2-("2()>%l$E%Ñ0&d>%=,(')88,1>]^"X%h%&$4&)/%-,1/%8$%7083'$%-$/%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%%-"#<*"./*.(+#B/3'/%(+#*",K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/D15$8$/>%]^`">%4;%Y`XPY`V;"X"%F-E,&-%Q,4)&>%a%O9$%U1(01/()03/%G,66$&1)15%0B%A$9,7)0&%)1%Q0()$6H%b>%)1%R:(#G"2&")2-&/)#6#F>Q7$&)-/7>%F;Q;%.3''$&>%$-;m>%}104B>%l$EPÑ0&d>%]^!_%h%&$4&)/%-,1/%>(3(2'(,#]%-'-".)#&=#1,^*%,>*$-%%-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%YXYPYX`;

]"Z

@$,3(034>%-,1/%31%&,440&6%\%8,%&+B8$[)01%-$%A$17$1)/6$%/3&%8?)1(01/()$16%$1%/0()+6+%$6%\

4&040/%-3%6&,7,)8%-$%8?,1,8H/$>%i0)()%($%23?+(&)6%Q,4)&%M

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Å#&/'3-"()#*",#-7$3-2*'-&")#':*'#*%(#$(%=(2'3Q23(*%#'&#':()(#7*Q#O(#*O)("'#'&#':(#(Q(#&=#':(#&"3&&\(%0VUU~#$% 6&,-3)/%MÄ% S,)//$I% 23)(0123$% 23)% -036$% -$% ($()% $//,H$&% 8?$[4+&)$1($% -$% B,)&$% 31&,440&6% ')136)$3[% -$/% ,(6)01/% -?31% 5&034$% -?)1-)$1/% 1,6)B/% $15,5+/% -,1/% 31$% B0&'$-?,(6)7)6+>%-)/01/%&$8)5)$3/$>%403&%8,23$88$%)8%1?,%4,/%8,%(8+%(3863&$88$;%Q?)8%$/6%31%+(&)7,)19,@)8$% )8% 403&&,% 4$36Pe6&$% &+3//)&% \% -011$&% 31% (0'46$% &$1-3% )',5+% -$% ($% 23?)8% 70)6% $6$16$1->%03%4$1/$%23?)8%70)6%$6%$16$1->%',)/%8$/%(9,1($/%23?)8%/0)6%(,4,@8$%-$%-011$&%31$&$8,6)01% -$% ($% 23)% ,&&)7$>% $1% 6$&'$/% 23)% /$&,)$16% )16$88)5)@8$/% $6% ,(($46,@8$/% 403&% 8$/)1-)$1/%1,6)B/%$3[P'e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h%-$/%(01603&/%$6%-$/%)'48)(,6)01/%23)%/016%4,&B,)6$'$16(8,)&$/%403&%($3[P()%/$&016%4$36Pe6&$%,@/$16$/%403&%8?v)8%-$%($83)%23)%0@/$&7$;

Q,4)&%B,)6%,44,&,{6&$%-,1/%31%'e'$%6$'4/>%8?31%&$1-3%4,&%8?,36&$;%8?)1(01/()$16

-$%($83)%23)%&$5,&-$%$6%8?)1(01/()$16%-$%($83)%23)%$/6%0@/$&7+>%$6%23)%-$7)$16%\%/01%603&%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"XX%F-E,&-%Q,4)&>%a%O9$%U1(01/()03/%G,66$&1)15%0B%A$9,7)0&%)1%Q0()$6H%b>%)1%R:(#G"2&")2-&/)#6#F>Q7$&)-/7>%F;Q;%.3''$&>%$-;m>%}104B>%l$EPÑ0&d>%]^!_%h%&$4&)/%-,1/%>(3(2'(,#]%-'-".)#&=#1,^*%,>*$-%%-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%YX`PYX_;%i0)()%8,%6&,-3(6)01%23$%-011$%8?+-)6)01%B&,1T,)/$%Ma%F//,H$I%-$%-+(&)&$%')136)$3/$'$16%31%5&034$%)1-)5:1$%23)%/$%8)7&$%\%31$%,(6)7)6+%-016%703/%1n,7$I%4,/8,%(8+%P%31%&)6$%&$8)5)$3[>%4,&%$[$'48$;%D7$(%-3%6,8$16>%703/%4$)1-&$I%,5&+,@8$'$16%($%23$%703/%70H$I%03($%23$%703/%(&0H$I%70)&%h%',)/%($%/$&,%)1,(($46,@8$>%)1)16$88)5)@8$>%403&%8$/%)1-)5:1$/;%i03/%6&,9)&$I;i03/%1$%/,3&$I%4,/%($%23n)8%B,36%'$66&$%$1%7,8$3&;%i03/%703/%,44$/,16)&$I%/3&%-$/%(0'40&6$'$16/%23)7016%-$%/0)%403&%8$/%)1-)5:1$/%h%703/%',123$&$I%8$/%'0'$16/%)'40&6,16/%-$%8n,(6)01%23)%4$&'$66$16%,3[)1)6)+/%-$%(0'4&$1-&$%8,%/)51)B)(,6)01%(0'48:6$%-$%8,%(+&+'01)$;%K$%4,66$&1)15>%03%,1,8H/$%B0&'$88$%-3(0'40&6$'$16>%-+4$1-%+6&0)6$'$16%-3%'0-$%-n,44&+9$1/)01%6&,-)6)011$8%-3%5&034$;%.$/%B0&'$/%$6%-$//)51)B)(,6)01/%23)%4,&,)//$16%+7)-$16$/%\%8n0@/$&7,6$3&%/016%B0&'$88$'$16%-+'$16)$/%4,&%($3[%23),448)23$16%8$/%'0-:8$/%h%$6%)17$&/$'$16%b;%F-E,&-%Q,4)&>%a%S?)1B83$1($%-$/%'0-:8$/%)1(01/()$16/%/3&%8$

]"]

0@/$&7,6$3&;% K$()% &,44$88$% ($% 23$% A$17$1)/6$% -)/,)6% -$% 8?,1,8H/$% ,3% -+@36% -$% /01

,&6)(8$%M%a%.3%/$38%B,)6%-$%8?,880(36)01>%($83)%23)%4,&8$%-$%83)P'e'$%)1/6,88$%8?,36&$%$1%/0)

$6%4,&%8\%/$%/,)/)6%83)P'e'$>%/$%(01B&016$%b"XY;%J8%1$%B,3-&,)6%4,/%(0'4&$1-&$%\%8?$17$&/

)()% $6% )',5)1$&% 23$% 8$% 4&040/% -$% Q,4)&% /$&,)6% -$% 4$1/$&% 31% (01-)6)011$'$16% -$

8?)1-)7)-3%$1%/0()+6+%4,&%-$/%/6&3(63&$/%/H'@08)23$/%)1(01/()$16$/>%($%23?01%,44$88$%31

&$8,6)7)/'$;% K$% 1?$/6% 4,/% /01% 4&040/;% Q01% 4&040/% $/6% -,7,16,5$% -$% '016&$&% 8,

(0'48$[)6+% -?31$% 0&5,1)/,6)01% -$% 8,% 7)$% $1% /0()+6+>% /,% &)(9$//$;% S,% (,4,()6+% -$

/H'@08)/,6)01>% -$% 4&0-3(6)01% -$% B0&'$/% -$% 8,% /0(),@)8)6+;% K$66$% &+B8$[)01% ,7$(% Q,4)&

1?$/6%4,/%)''+-),6$'$16%4&+/$16$%-,1/%8$%4&040/%-$%A$17$1)/6$%',)/%1+($//,)&$'$16>

$88$%H%$/6%-:/%23?)8%4,&8$%-$%&$4&+/$16,6)01/%(088$(6)7$/;

K$% /3&% 230)%A$17$1)/6$% )1/)/6$% )()% (?$/6% -,7,16,5$% $6% 603C03&/% /3&% 8,% -)BB+&$1($

$16&$% 8$% /H'@08)/'$% 4/H(9,1,8H6)23$% $6% 8$% /H'@08)/'$% 8)153)/6)23$>% $6% ,)1/)% /3&% 31$

-)BB+&$1($%-?,44&0(9$%$16&$%8$/%-$3[%6H4$/%-?,1,8H/$/;%K0''$%A$17$1)/6$%8$%-)6%-,1/

/01%,&6)(8$%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%$1%]^`X>%&$4&$1,16%8?)-+$%-$%$&-"'

,(#9/(%(9$I%Q,3//3&$>%a%8,%&+,8)6+%-$%8?0@C$6%~1?$/6Ä%4,/%/+4,&,@8$%-$%8,%'+690-$%4&04&$

\%8$%-+B)1)&%b"X`;%A$17$1)/6$%(016)13$%\%'016&$&%,3%4/H(9,1,8H/$%2(#4/A-3#=*-'%k%Q,3//3&$

4,&8,)6%-$%'016&$&%,3%8)153)/6$%2(#4/A-3#=*-'VUfm;%S?$BB$6%-$%($%6&,7,)8%-?,1,8H/$>%(?$/6%-$

B,)&$%,3//)%,7,1($&% 8$% 6&,7,)8%-3% 8)153)/6$%23)%-+(037&$%-,7,16,5$% 8,%-)'$1/)01%-$%/,

&$(9$&(9$;

A$17$1)/6$% 4,&8$% -$% -)'$1/)01% -"=%*`% $6% )/$%*`3-"./-)'-4/(% -$% 8,% /H'@08)23$

)1(01/()$16$;% a%J1B&,P8)153)/6)23$%b>% 403&% A$17$1)/6$>% (?$/6% 31% 1)7$,3% 23$% 8?,1,8H/$

8)153)/6)23$%1$%4$36% 4,/% ,66$)1-&$%',)/% 23)%1?$/6% 4,/% 101%483/% 1)+;%.,1/% 8?,&6)(8$% /3&

a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b>%,4&:/%,70)&%-+6$&')1+%-$3[%-$&1)$&/%1)7$,3[

-$% 8?,1,8H/$% k75%-)7*'-4/(% $6% $:&"57*'-4/(m>% A$17$1)/6$% ,C036$%M% a%S\% /?,&&e6$

8?,1,8H/$%8)153)/6)23$;%D3P-$8\>%8$/%-011+$/%B03&1)$/%4,&%8$/%6$(91)23$/%)1/6&3'$16,8$/

&+($16$/% ,44,&6)$11$16% \% 8,% 49H/)0805)$% 0g% \% 8?,(03/6)23$>% $88$/% /016% )1B&,P

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(0'40&6$'$16%/0(),8%b>%)1%F"':%&$&3&.-(>%L0#B/3'/%(#('#$(%)&""*3-'5>%6&,-3(6)01%-$%K9&)/6),1%A,3-$806%$6G)$&&$%K8)123,&6>%=)13)6>%G,&)/>%]^`_>%4;%"^PXZ;"XY%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%__;"X`%F')8$%A$17$1)/6$>%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%k]^`Xm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+%4;%]]^;"X_%S$66&$%-$%R$&-)1,1-%-$%Q,3//3&$%\%D160)1$%=$)88$6B>%~X%C,17)$&%]V^XÄ>%a%S$66&$/%-$%R$&-)1,1-%-$Q,3//3&$%\%D160)1$%=$)88$6%b%k43@8)+$/%4,&%%F;%A$17$1)/6$m>%)1%B*:-(%)#T(%,-"*",#,(#>*/))/%(>%!]>k]^`Xm>%4;%^Y;%kG03&%($66$%8$66&$%31)23$'$16%$6%/01%(0''$16,)&$%4,&%F;%A$17$1)/6$>%(B;%K0<0m0#L>%4;%"_P"V;m

]"!

8)153)/6)23$/%b"XV;% I"=%*`3-"./-)'-4/(% 1$% /)51)B)$% 4,/% a%90&/% -3% 8,15,5$%b>% 8?)1B&,P

8)153)/6)23$%$/6%)'48)23+%-,1/%8$%8,15,5$%-?31$%',1):&$%03%-?31$%,36&$;

A$17$1)/6$% $[48)23$>% -,1/% 8$% 6$[6$% /3&% 8?,1,8H/$% B&$3-)$11$>% 23$% 8,% /H'@08)23$

)1(01/()$16$%,%31$%-)'$1/)01%)1B&,P8)153)/6)23$%M%%a%J1B&,P8)153)/6)23$>%$88$%,%/,%/03&($

-,1/% 31$% &+5)01% 483/% 4&0B01-$% 23$% ($88$% 0g% 8?+-3(,6)01% )1/6,88$% 8$% '+(,1)/'$

8)153)/6)23$%b;%I"=%*`3-"./-)'-4/(>%)()>%&$(037&$%($%23$%8,%4/H(9,1,8H/$%70)6%-?,&(9,N23$>

-?)11+>% -?31)7$&/$8% -,1/% 8?90''$;% f1% &$',&23$% $1% 4,//,16% 23$% A$17$1)/6$% 40/$>% \

8?)17$&/$>% 8$% a%'+(,1)/'$% 8)153)/6)23$%b% (0''$% )1/6,88+% 4,&% 8?5,/2*'-&">% (?$/6P\P-)&$

,44&)/>% -,1/% 31% -),8053$;% I"=%*`3-"./-)'-4/(% &$170)$% ,3//)% \% 8,% 106)01% -$% a%/6&3(63&$/

)1B&,P(01/()$16$/%-3%4/H(9)/'$%b"X^%23)%,44,&,)//,)6%483/%6w6%-,1/%8?,&6)(8$;%F1(0&$%31$

B0)/>% 8?-"=%*`2&")2-("'#1?$/6% 4,/% 8$% 101P(01/()$16;%K?$/6% 31$% (01/()$1($% B,)@8$;%f1% /$

/037)$16%23$%A$17$1)/6$%-,1/%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$% 8,153$%b>%-$3[

,1/%483/% 6,&->% 4,&8$%-$%a%(01/()$1($% B,)@8$% $6% B35)6)7$%b"YZ;%K$66$% (01/()$1($% B,)@8$% $6

B35)6)7$%$/6%8,%(01-)6)01%-3%8,15,5$>%23)%$/6%/H'@08)/'$%$6%&$4&+/$16,6)01;%Q,4)&%4,&8,)6

,)1/)% -$% a%($% '01-$% 606,8% -$% B0&'$>% -$% /)51)B)(,6)01>% $6% -?)'48)(,6)01/% -3

(0'40&6$'$16%/H'@08)23$%23?31%)1-)7)-3%/0(),8%$1%4,&6)$%(011,{6%$6%-)&)5$>%-016%)8%,%$1

4,&6)$% 8?)163)6)01% $6% ,323$8% )8% /$% 8)7&$>% 23?$1% 4,&6)$% )8% )510&$% $6% /3@)6;%b% É% a#':*'# '&'*3

^&%3,# &=# =&%7+# 7(*"-".+# *",# -7$3-2*'-&"# &=# )Q7O&3-2# O(:*9-&%# ^:-2:# *# .-9("

-",-9-,/*3#$*%'3Q#\"&^)#*",#,-%(2')+#$*%'3Q# -"'/-')#*",#Q-(3,)# '&+#$*%'3Q# -)# -."&%*"'#&=

*",#)^*Q(,#OQ#b"Y];

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"XV%F')8$%A$17$1)/6$>%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%k]^`Xm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+%4;%]!];"X^%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%_^;"YZ%a%l03/%1?,701/%,3%483/%23?31$%(01/()$1($%B,)@8$%$6%B35)6)7$%-$/%04+&,6)01/%23$%103/%,((0'48)//01/403&%4,&8$&%b>%F')8$%A$17$1)/6$>%a%K,6+50&)$/%-$%4$1/+$%$6%(,6+50&)$/%-$%8,153$%b>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%`";"Y]% K$66$% 49&,/$% /$% 6&037$% -,1/% 31% ,&6)(8$% -$% ]^"!>% a%K3863&,8% D169&040805H% ,1-% G/H(9),6&H%bka%D169&040805)$%(3863&$88$%$6%4/H(9),6&)$%bm>%)1%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%>%4;%Y]_PY]V;%f1%()6$8?$1/$'@8$%-3%4,//,5$;%Q,4)&%B,)6%)()%-$%8?)1-)7)-3%8$%4&)1()4$%k3&2/)m%-$%8,%(3863&$%M%stu^(#2*"#O(.-"#'&)((#:&^# -"(9-'*O3(# -'# -)# ':*'# ':(# '%/(#$)Q2:&3&.-2*3# 3&2/)#&=# 2/3'/%(# -)# 69$% )1-)7)-3,8# &%#,% /4$()B)(,88H$13'$&,6$-% 8)/6% 0B% )1-)7)-3,8/+# "&'# *"# (2&"&7-2*33Q# &%# $&3-'-2*33Q# &%# )&2-*33Q# ,(=-"(,# .%&/$# &=-",-9-,/*3)0#pI",-9-,/*3q+#:&^(9(%+#:(%(#7(*")#"&'#)-7$3Q#*#O-&3&.-2*33Q#,(=-"(,#&%.*"-)7#7*-"'*-"-".-')(3=# ':%&/.:#$:Q)-2*3# -7$*2')#*",#)Q7O&3-2#)/O)'-'/'()#&=#)/2:# -7$*2')+#O/'# ':*'# '&'*3#^&%3,#&=# =&%7+7(*"-".+# *",# -7$3-2*'-&"# &=# )Q7O&3-2# O(:*9-&%# ^:-2:# *# .-9("# -",-9-,/*3# $*%'3Q# \"&^)# *",# ,-%(2')+$*%'3Q# -"'/-')# *",# Q-(3,)# '&+# $*%'3Q# -)# -."&%*"'# &=# *",# )^*Q(,# OQ;% ~#$% 6&,-3)/Ä% M% al03/%403701/(0''$1($&%\%70)&%(0''$%)8%$/6%)1+7)6,@8$%23$%8$%7&,)%4&)1()4$%4/H(90805)23$%-$%8,%(3863&$%$/6%8?-",-9-,/03%/"(#3-)'(#)$52-=-4/(7("'#5"/75%5(#,A-",-9-,/)#101%31%5&034$%-?)1-)7)-3/%-+B)1)%+(010')23$'$16%03408)6)23$'$16%03%/0(),8$'$16;%sJ1-)7)-3t>%($4$1-,16>% )()% /)51)B)$%101%/)'48$'$16%31%0&5,1)/'$%-+B)1)@)0805)23$'$16%/$%',)16$1,16%83)P'e'$%\%6&,7$&/%8$/%)'4,(6/%49H/)23$/%$6%8$/%/3@/6)636/%/H'@08)23$/%-$6$8/%)'4,(6/>%',)/%($%'01-$%606,8%-$%8,%B0&'$>%-$%8,%/)51)B)(,6)01>%$6%-$%8?)'48)(,6)01%-3%(0'40&6$'$16/H'@08)23$%23?31%)1-)7)-3%-011+%$1%4,&6)$%(011,{6%$6%-)&)5$>%-016%)8%,%$1%4,&6)$%)163)6)01%$6%,323$8%)8%/$8)7&$>%23?$1%4,&6)$%)8%)510&$%$6%/3@)6%b;

]""

G03&%8,%4/H(9,1,8H/$>%8,%/H'@08)23$%-$%8?)1(01/()$16%$/6%)1B&,P8)153)/6)23$%-,1/

8,%'$1/3&$%0g%a%$88$%36)8)/$%-$/%/)51$/%23)%1$%/$%-+(0'40/$16%4,/%$6%23)%(0'40&6$16%-$

10'@&$3/$/% 7,&),16$/% )1-)7)-3$88$/>% /3/($46)@8$/% $88$/P'e'$/% -$% /?,((&0{6&$% 4,&

&$(03&/% ,3%-0',)1$% (0''31%-$% 8,% (3863&$%03%\% 8?$[4+&)$1($%4$&/011$88$% b;%K?$/6% 31

&,)/011$'$16%8)153)/6)23$%23$%A$17$1)/6$%40/$%)()>%31$%(0'4,&,)/01%,7$(%31$%69+0&)$

-3% /)51$% 8)153)/6)23$;% .,1/% 8,% /H'@08)23$% -$% 8?)1(01/()$16% 8$/% /)51$/% 1$% /$

-+(0'40/$16% 4,/>% $6% 016% -$/% 7,&),16$/>% ,80&/% 23$% -,1/% 8,% 8,153$% 8$/% /)51$/% /$

-+(0'40/$16% $1% 31)6+/% 483/% 4$6)6$/%$6% 1?016% 4,/% -$% 7,&),16$/>% )8/% 1?$[)/6$16% 23$

&$8,6)7$'$16% 8$/% 31/% ,3[% ,36&$/;% Q)% A$17$1)/6$% 4,&8$% -?)1B&,P8)153)/6)23$>% (?$/6% ,3//)

403&%/)'48$'$16%&$',&23$&%23$%8,%/H'@08)23$%-$%8?)1(01/()$16%1?$/6%4,/%8)153)/6)23$>

23$%8$%40)16%-$%73$%23)%8,%-)/6)153$%1$%8?$/6%4,/;%.?,36&$%4,&6>%)8%/$'@8$%23?,44,&,)//$

31% 9),63/% -,1/% 8$% B,)6% 23$% 8$% /H'@08)/'$% /0)6% -?31$% 4,&6% (0'40/+% -?+8+'$16/

31)7$&/$8/>% $6% -?,36&$% 4,&6% 23$% ($/% +8+'$16/% 43)//$16% ,70)&% -$/% 7,&),16$/% ,44&)/$/% -$

8?$[4+&)$1($%4$&/011$88$>%(3863&$88$;

A$17$1)/6$% )1-)23$% -?,36&$% 4,&6% 23$% 8,% /H'@08)23$% -$% 8?)1(01/()$16% ,% 31$

-)'$1/)01%)/$%*`3-"./-)'-4/(;%F1(0&$%31$%B0)/>%8?,1,8H/$%4/H(9,1,8H6)23$%1$%/?,((0&-$

4,/% ,7$(% 8?,1,8H/$% 8)153)/6)23$>% 43)/23$% ($&6,)1/% /)51$/% /016% -$/% (01-$1/,6)01/>% /016

-$/%a%49&,/$/%b>%($%23)%1$% /$% 6&037$%4,/%-,1/% 8,% 8,153$>%($%23)%-3%40)16%-$%73$%-?31

8)153)/6$%1?$/6%4,/%8)153)/6)23$;%A$17$1)/6$%+(&)6%-$%($66$%/H'@08)23$%M%a%F88$%$/6%/34&,P

8)153)/6)23$% -3% B,)6% 23?$88$% 36)8)/$% -$/% /)51$/% $[6&e'$'$16% (01-$1/+/>% 23)>% -,1/% 8$

8,15,5$% 0&5,1)/+>% (0&&$/401-&,)$16% 4836w6% \% -$% 5&,1-$/% 31)6+/% -3% -)/(03&/% 23?\% -$/

31)6+/%')1)',8$/%b;% G03&%A$17$1)/6$% 8$/% /)51$/% /016% -$/% /)51$/>% 8$/% 49&,/$/% /016% -$/

49&,/$/;% f1% 4$36% ,@0&-$&% 8$% /)51$% /03/% 8?,/4$(6% -$% 8,% 49&,/$>% ',)/% 01% 1$% 4$36% 4,/

(01B01-&$;%A$17$1)/6$%4&040/$%-?,@0&-$&%,36&$'$16% 8$%4&0@8:'$>%$6%-$%4$1/$&>%4836w6

23$%8,%(01-$1/,6)01>%8,%7&'-9*'-&";%D)1/)%)8%+(&)6>%C3/6$%$1/3)6$>%/$%'$66,16%-$%1037$,3%\

8,%(&0)/+$%-3%&,)/011$'$16%4/H(9,1,8H6)23$%M%a%F6%$16&$%($/%/)51$/%/?+6,@8)6%31$%&$8,6)01

-H1,')23$%-?)16$16)011,8)6+%23)%/$%&,':1$%\%31$%'06)7,6)01%(01/6,16$%k8,%s&+,8)/,6)01

-?31%-+/)&%&$B038+tm%$6%23)%$'4&316$%8$/%-+603&/%8$/%483/%/)1538)$&/%b"Y!;%f1%,4$&T0)6%)()

$1%5$&'$%8,%49&,/$%23)%6$&')1$&,%8?,&6)(8$%$6%/3&%8,23$88$%C$%&$7)$1/%483/%80)1>%a%K$%23n)8

H%,%-n)16$16)011$8%-,1/%8,%'06)7,6)01%5037$&1$%0@/(3&+'$16%8,%',1):&$%-016%8n)17$16$3&

-n31% /6H8$% B,T011$% 8,% ',6):&$% (0''31$>% $6>% \% /,% ',1):&$% /nH% -+8)7&$;% K,&% ($% 23n01

,44$88$%)1(01/()$16%$/6%&$/401/,@8$%-$%8,%',1):&$%-016%8n)1-)7)-3%(01/6&3)6%/,%4$&/011$>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"Y!%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%V`;

]"X

-$%($%23n)8%H%,BB)&'$%03%-$%($%23n)8%&$C$66$%03%)510&$>%($()%'06)7,16%($8,%b"Y";%A$17$1)/6$

$15,5$%31$%23$/6)011$'$16%8)153)/6)23$%/3&%8,%7&'-9*'-&"%80&/23?)8%-)6%,)1/)>%a%$16&$%($/

/)51$/% /?+6,@8)6% 31$% &$8,6)01% -H1,')23$% -?)16$16)011,8)6+%b;% A$17$1)/6$% 40/$% 8,

-)'$1/)01%-3%,-)2&/%)>%$6%-?,36&$%4,&6%($88$%-$%8?+(036$%$6%-$%,-*3&./(%M%$16&$%($/%/)51$/

)A5'*O3-'% 31$% &$8,6)01;% A$17$1)/6$% -+(&)6% 31% 4&0(:/% -H1,')23$%h% $16&$% ($/% /)51$/

/?+6,@8)6%31$%%(3*'-&">%23)%$/6%,Q"*7-4/(>%$6% 8?-"'("'-&""*3-'5%$/6%31$%7&'-9*'-&"%$6%31

,5)-%;

f1%$1%,&&)7$%\%8,%B)1%-$%8?,&6)(8$;%A$17$1)/6$%B,)6%,44,&,{6&$%23?)1(01/()$''$16

R&$3-%&+B8+(9)6%-,1/% 8$/% 6$&'$/%-?31$%%:5'&%-4/(%$6%-?31$%)'Q3-)'-4/(;%z3$%/,%',1):&$

-$%-+(&)&$%8,%/H'@08)23$%)1(01/()$16$%$/6%8,%4&0C$(6)01%-$%($%23$%/,%&$4&+/$16,6)01%-$%8,

8,153$% 83)% 4$&'$6% -$% 4$1/$&;% F6% A$17$1)/6$% 101% /$38$'$16% B,)6% ,44,&,{6&$% ($6

)1(01/()$16%4,&%/01%,1,8H/$>%',)/%$1%'e'$%6$'4/%$1%%8)@:&$%$1%40/,16%31%)1(01/()$16

(0''$%,-)2&/%)>%7&'-9*'-&">%$&;7(%M

l03/%&$7$101/%,)1/)%,3%s-)/(03&/t;%F1%/3)7,16%($66$%(0'4,&,)/01>%01%/$&,)6%')/%/3&%8,70)$%-$%(0'4,&,)/01/%B+(01-$/%$16&$%8,%/H'@08)23$%-$%8?)1(01/()$16%$6%($&6,)1/%4&0(+-+/6H4)23$/%-$%8,%/3@C$(6)7)6+%',1)B$/6+$%-,1/%8$%-)/(03&/;%f1%4$36>%,3%1)7$,3%-3%8,15,5$>4&+()/$&%M% )8% /?,5)6%-$/%4&0(+-+/% )'Q3-)'-4/()% -3%-)/(03&/;%K,&% (?$/6% -,1/% 8$% /6H8$>% 4836w623$%-,1/%8,%8,153$>%23$%103/%7$&&)01/%31%6$&'$%-$%(0'4,&,)/01%,7$(%8$/%4&04&)+6+/%23$R&$3-%,%-+($8+$/%(0''$%/)51,8+6)23$%-3%s8,15,5$t%01)&)23$;%f1%$/6%B&,44+%-$/%,1,805)$/23)%/?$/23)//$16%)();%S?)1(01/()$16%3/$%-?31$%7+&)6,@8$%s&9+60&)23$t%23)%(0''$%8$%/6H8$>%,/$/%?B)53&$/s>%$6%8$%7)$3[%(,6,8053$%-$/%6&04$/%B03&1)&,)6%31%)17$16,)&$%,44&04&)+%,3[%-$3[&$5)/6&$/%-$%8?$[4&$//)01;%f1%H%6&037$%-$%4,&6%$6%-?,36&$%603/%8$/%4&0(+-+/%-$%/3@/6)636)01$15$1-&+/%4,&% 8$% 6,@03%M% 8?$349+')/'$>% 8?,883/)01>% 8?,16)49&,/$>% 8,% 4&+6+&)6)01>% 8,% 8)606$;S,%1,63&$%-3%(016$13%B$&,%,44,&,{6&$%6036$/%8$/%7,&)+6+/%-$%8,%'+6,490&$>%(,&%(?$/6%-?31$(017$&/)01% '+6,490&)23$% 23$% 8$/% /H'@08$/% -$% 8?)1(01/()$16% 6)&$16% 8$3&% /$1/% $6% 8$3&-)BB)(386+%\%8,%B0)/;%J8/%$'480)$16%,3//)%($%23$%8,%7)$)88$%&9+60&)23$%,44$88$%8,%'+601H')$k(016$1,16%403&% (016$13m% $6% 8,% /H1$(-023$% k4,&6)$%403&% 8$% 6036m>% $6% /)% 8,% t/H16,[$s%-$/$1(9,{1$'$16/% /H'@08)23$/% +7023$16% 31% 4&0(+-+% -$% /6H8$% $16&$% 603/%M% (?$/6% 8?$88)4/$;A&$B>%\%'$/3&$%23?01%+6,@8)&,%31% )17$16,)&$%-$/% )',5$/% /H'@08)23$/%-,1/% 8$%'H69$>% 8$&e7$>%$6(;>%01%7$&&,%4&0@,@8$'$16%483/%(8,)&%-,1/% 8$/% /6&3(63&$/%-H1,')23$/%-3%/6H8$%$6-,1/%8$3&/%(0'40/,16$/%,BB$(6)7$/;"YX

U1% 6$&'$% )'40&6,16% )()% $/6% ($83)% -$% a%(0'4,&,)/01%b% ka%$1% /3)7,16% ($66$

2&7$*%*-)&">%01%/$&,)6%')/%/3&%8,%70)$%-$%2&7$*%*-)&")%B+(01-$/%$16&$%8,%/H'@08)23$

-$%8?)1(01/()$16%$6%($&6,)1/%4&0(+-+/%6H4)23$/%b>%a%(?$/6%-,1/%8$%/6H8$%4836w6%23$%-,1/%8,

8,153$>% 23$% 103/% 7$&&)01/% 31% 6$&'$% -$% 2&7$*%*-)&"%b;% U1% ,36&$% 6$&'$% ,&&)7$% C3/6$

$1/3)6$>%(?$/6%($83)%-?a%,1,805)$%b%M%a%01%$/6%B&,44+%-$/%*"*3&.-()%23)%/?$/23)//$16%)()%b;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"Y"%IO-,;>%4;%V_;"YX%IO-,;>%4;%V`PV_;

]"Y

S,% 40//)@)8)6+% -$% (0'4,&,)/01% (0&&$/401-% -+C\% 31% /3((:/% -$% 8?,1,8H/$;% K$% 23$

A$17$1)/6$%(0'4,&$>%R&$3-%1$% 8$%70)6%4,/;%R&$3-%1$%4&0(:-$%4,/%4,&% (0'4,&,)/01>% )8

1?$/6%4,/%(01/()$16%-3%B,)6%23$%/,%',1):&$%-$%4$1/$&%$/6%*"*3&.-4/(;%A$17$1)/6$%4,&8$

-3%a%9-(/N%(,6,8053$%-$/%6&04$/%b>%43)/%-$%8,%a%9-(-33(%&9+60&)23$%b%h%($%23)%$/6%a%7)$3[%b

1?$/6% 4,/% -+4,//+>% (0''$% 8?$[4+&)$1($% -$% R&$3-% 8$% '016&$%M% 8$% a%7)$3[%b% ,% )()% 8,

-)'$1/)01%-?31$%6&,-)6)01%-$%4$1/+$>%,3//)%B0&6$%23?$88$%-$7)$16%31%'0-:8$%)1(01/()$16

23)% /$% 4&0C$66$% $1% 6036;% K$% '0-:8$% )1(01/()$16% $/6% 483/% 8,&5$'$16% 31$% 4$1/+$% -3

/+')06)23$;%K?$/6%8,%&+-3(6)01%-$%8?$[4+&)$1($%\%-3%'e'$;%S$/%B)53&$/%-$%8,%/6H8)/6)23$

(,6,8053$16%-$/% 6$(91)23$/%-$%4,&08$>%',)/%1$%4$37$16% &)$1%-)&$%-$%($%23?31$%49&,/$

-+(037&$%$1%4&04&$;%S$/%B)53&$/%-$%8,%/6H8)/6)23$%/$%40/$16%(0''$%6&,1/P9)/60&)23$/%$6

101P-+4$1-,16$%-?31$% 8,153$%4,&6)(38):&$;%S$%40)16%-$%73$%-$% 8,% /6H8)/6)23$%1?$/6%4,/

8)153)/6)23$>%)8%$/6%4&,5',6)23$;

D3P-$8\>%A$17$1)/6$%4&040/$%-$%4$1/$&%31$%/+',16)23$%-3%-)/(03&/;%%i0)8\%8$/

-$3[%49&,/$/%23)%6$&')1$16%8?,&6)(8$%$6%23)%/$%-+6,(9$16%-3%&$/6$%M

K$% 23n)8% H% ,% -n)16$16)011$8% -,1/% 8,%'06)7,6)01% 5037$&1$% 0@/(3&+'$16% 8,%',1):&$% -0168n)17$16$3&%-n31%/6H8$%B,T011$%8,%',6):&$%(0''31$>%$6>%\%/,%',1):&$%/nH%-+8)7&$;%K,&%($23n01% ,44$88$% )1(01/()$16% $/6% &$/401/,@8$% -$% 8,% ',1):&$% -016% 8n)1-)7)-3% (01/6&3)6% /,4$&/011$>%-$%($%23n)8%H%,BB)&'$%03%-$%($%23n)8%&$C$66$%03%)510&$>%($()%'06)7,16%($8,;"YY%

K$66$% 49&,/$"Y`% ,% 31$% )16$1/)6+% 4&0/0-)23$% 4,&6)(38):&$;% G83/% 4&+()/+'$16>% $6

403&%&$4&$1-&$%8$/%6$&'$/%-?<$1&)%=$/(9011)(>%$88$%B,)6%($%23?$88$%-)6>%(0''$%$88$% 8$

-)6>% $6% 4,&% ($% 23?$88$% -)6>% $88$% -)6% ($% 23?$88$% B,)6;% F88$% B,)6% 31$%'06)7,6)01% -$% 603/% 8$/

6$&'$/>% $88$% -)6% ($66$% '06)7,6)01% -,1/% 8$% 8,15,5$;% f1% ,% 73% 23?)8% +6,)6% -$43)/% 8$

(0''$1($'$16% -$% 8?,&6)(8$% 23$/6)01% -$% 7&'-9*'-&">% -$% %*$$&%'# ,(# 7&'-9*'-&">% -$

7&'-9*'-&"#-"2&")2-("'(;%f1%,%'016&+%(0''$%($66$%7&'-9*'-&"%$/6%\%8)$&%\%8,%4$1/+$%-$

8,%7&'-9*'-&"#%(3*'-9(% (9$I%Q,3//3&$>%23)%40/$% 8,%-)'$1/)01%-3%,-)2&/%);% #?,)%-)6%23$

($66$% 49&,/$% +6,)6% -?,@0&-% ,1101(+$% $6% (0''$% 4&+4,&+$% 4,&% ($66$% ,36&$% 49&,/$%M% a%F6

$16&$%($/%/)51$/%/?+6,@8)6%31$%&$8,6)01%-H1,')23$%-?)16$16)011,8)6+%23)%/$%&,':1$%\%31$

'06)7,6)01%(01/6,16$% k8,%s&+,8)/,6)01%-?31%-+/)&% &$B038+tm%$6%23)%$'4&316$% 8$/%-+603&/

8$/% 483/% /)1538)$&/% b"Y_;% K$% 23)% /$% &$6&037$% (?$/6% 8?-"'("'-&""*3-'5>% 23)% -$7)$16

8?-"'("'-&""(3#$6% 8,%7&'-9*'-&"% k8$%a%-H1,')23$%b>% 83)%+6,)6%-,1/% 8,%49&,/$%4&+(+-$16$%h

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"YY%IO-,;%4;%V_"Y`%#$%-)/%23$%(?$/6%/"(%49&,/$%$6%101%4,/%,(/N%4,&($%23?)8%/?,5)6%-?31%$1/$'@8$%$6%-?31%'e'$'037$'$16>%6$13%4,&%31$%'06)7,6)01;"Y_%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%V`;

]"`

A$17$1)/6$%4,&8,)6%-$/%a%/6&3(63&$/%-H1,')23$/%-3%/6H8$%bm;%S,%4&$'):&$%(90/$%\%106$&

(?$/6% 8$% 4,//,5$% -?31$% /6H8)/6)23$% \% 31$% /+',16)23$;% S0&/23$% A$17$1)/6$% 4,&8$% -$

a%/6H8$%b>% )()>% )8%1$%4,&8$%483/%-?31$%/6H8)/6)23$>% )8%(01/6&3)6%31$%40+6)23$;% J8%1?$/6%483/

23$/6)01% -$% a%/6H8$%b% ',)/% -$% a%8?)17$16$3&% -?31% /6H8$%b;% D% )'Q3(>% )()% &+401-% $6

(0&&$/401-% 3*#7*"-;%(>% 43)/% )*#7*"-;%(% 43)/%-$%1037$,3% 3*#7*"-;%(;%f1% &$6&037$% 8$

(0348$% 6&,-)6)011$8%7*'-;%(P7*"-;%(VCM;%f1% 403&&,)6% 106$&% 23$% ($/% 6$&'$/% /$% 6)$11$16

$1/$'@8$%101%-$%',1):&$%+6H'0805)23$>%',)/%4,&% 8$% /$16)'$16%-$% 8,% 8,153$>%4,&%31$

'06)7,6)01% -$% -)/(03&/>% -,1/% 31$% '06)7,6)01% -$% 8?31% 4,&% 8?,36&$>% 31$% '06)7,6)01

&$8,6)7$;%f1%)1-)23$%($8,%@)$1%/c&%-,1/%31%&,440&6%\%($%23$%A$17$1)/6$%-)/,)6%-$/%'06/

-$%/$1/%0440/+/>%$6%-$% 8,%',1):&$%-016>% )8% &$4&$1,)6%-+C\% 8$%4&0@8:'$%$1% 8$%40/,16%-3

40)16%-$%73$%-3%-)/(03&/>%-$%8,%'06)7,6)01;%J()>%8$%(0348$%6&,-)6)011$8%7*'-;%(`7*"-;%(

$/6%-+C\%4&+()/+>% 8,%',6):&$>% (?$/6% 3*#7*'-;%(# 2&77/"(>% 8,%',1):&$>% (?$/6% )*#7*"-;%(;

.,1/%/01%6&,7,)8%/3&%A,3-$8,)&$%A$17$1)/6$%&$4&$1-&,%($66$%6$1/)01%$16&$%a%',6):&$%b%$6

a%',1):&$%b%\%483/)$3&/%&$4&)/$/>%4,&%$[$'48$%+(&)7,16%\%4&040/%-3%a%'06%b%M%a%K9,23$

40:6$%36)8)/$%\%/,%',1):&$%($%',6+&),3;%b"Y^;%J()%$6%8\>%A$17$1)/6$%4,&8$%+7)-$''$16%-$

8,%8,153$%(0''$%',6):&$%(0''31$>%$6%8,%',1):&$>%(?$/6%8,%/+',16)23$%4&04&$%\%(9,23$

+101(),6)01;%S,%',6):&$%$/6%(0''31$%4,&%8$%-),8053$;

J8% /$'@8$% )()% 23$% 8$% 6$&'$% -?-"2&")2-("'>% -$% ',1):&$% 4,&,5&,'',6)23$>% /$

6&037$% &+4+6+>%'06)7+% -,1/% 603/% 8$/% +8+'$16/% -$% 8,% 49&,/$% $6% 8$/%'06)7,16;% K?$/6% 31

69:'$;% f1% 70)6% -?,@0&-% 8$/% +(90/% 70(,8)23$/% $1% ~!Ä%M% -"'("'-&""(3% É% -"9("'(/%% É% /"

k/6H8$m% P% -"2&")2-("'% É% -",-9-,/% k,7$(% 4$36Pe6&$% 'e'$% 31% C$3% -$% 8,15,5$% -,1/

(0''/"(m;% U1$% ,36&$% /+&)$% -?,(($16/% (01/01,16)23$/% $1% ~dÄ% k$6% ~5Äm% M% k($m% 4/A-3% É

.&/9(%"(% É%&O)2/%57("'% É% =*E&""(% k+(90% 7)/3$8m"`Z% É% 2&77/"(% É% 2*%% k($% m%4/A&"% É

-"2&")2-("'%É%2&")'%/-'%É%k($m%4/A-3%É%k($m%4/A-3;%S$/%+(90/%70(,8)23$/%$1%~"Ä%$6%+(90/

7)/3$8/%$1%a%01%b%$6%a%0'%b%M%-"'("'-&""(3%É%7&'-9*'-&"%É%,&"'%É%=*E&""(%É%2&77/"(%É

&"% É% -"2&")2-("'% É% %()$&")*O3(% É% ,&"'% É% 2&")'%/-'% É% $(%)&""(% É% -."&%(;% S$/% /+&)$/

(01/01,16)23$/%$1%~/Ä%M%-"'("'-&""(3%É%7&'-9*'-&"%É%&O)2/%57("'%É%)'Q3(%É%=*E&""(%É%)*

k',1):&$m% )AQ% k-+8)7&$m% É% 2(% k23?01% ,44$88$m% -"2&")2-("'% É% %()$&")*O3(% É% 2&")'%/-'% É

$(%)&""(% É% 2(% k23?)8% ,BB)&'$m% É% 2(% k23?)8% &$C$66$m% É% 2(2-% k'06)7,16m% 2(3*;% S$/% +(90/

70(,8)23$/%$1%~CÄ%,7$(%8$/%+(90/%7)/3$8/%-$/%a%H%b%M%($%23?)8#Q%,%%P%7&'-9*'-&"%É%7*"-;%(

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"YV%f1%&$170)$%)()%,3%6&,7,)8%-$%*+&,&-%.$//01/%-,1/%/01%8)7&$%S?,&6%$6%8,%',1):&$;%J8%(01/,(&$%31%(9,4)6&$\%($%4&0@8:'$;%i0)&%*+&,&-%.$//01/>%a%=,6):&$%$6%',1):&$%b%>%)1%<A*%'#('#3*#7*"-;%(>%K9,'4)01>%G,&)/>!ZZX>%4;%]XYP]`X;"Y^%8FGH1<FID1>%!!>%BrY_%o%Br"Z^;"`Z%.,1/%($%(,/P8\>%)8%B,3-&,)6%)16+5&$&%8$/%,36&$/%\%106&$%)17$16,)&$;

]"_

É% )'Q3(% É%7*'-;%(% É% /,%7*"-;%(# )AQ% É% -"2&")2-("'% É%7*"-;%(;% S$/% +(90% 70(,8)23$/% $1

#$Ä%M%-"'("'-&""(3%É%&O)2/%57("'%É%-"9("'(/%%É%-"2&")2-("'%É%7&'-9*"';

K$%4&$')$&%69:'$%$1%(&0)/$%31%,36&$>%(?$/6%($83)%-$%8,%7&'-9*'-&">%,7$(%8$/%/+&)$/

(01/01,16)23$/% $1% ~'Ä%M%7&'-9*'-&"% É%&O)2/%57("'% É%7*"-;%(% É%7*'-;%(% 2&77/"(% É

7*"-;%(% É% 7*"-;%(% É% 7&'-9*"';% S$/% +(90/% 70(,8)23$/% $1% ~%Ä%M% 7&'-9*'-&"% É

&O)2/%57("'%É% =*E&""(%É%2&77/"(%É%$(%)&""(%É% -."&%(;%U1$%/+&)$%(01/01,16)23$%$1

~6Ä%M% -"'("'-&""(3% É%7&'-9*'-&"% É% -"9("'(/%% É% )'Q3(% É%7*'-;%(% ko%7*"-;%(m;% S$/% /+&)$/

70(,8)23$/%$1%~)Ä%M%23?-3%É%7&'-9*'-&"%É%)'Q3(%É%)AQ#,53-9%(%É%-",-9-,/%É%($%4/A-3#Q#*==-%7(

É%4/A-3%É%-."&%(%É%2(2-#7&'-9*"';%S$/%,(($16/%(01/01,16)23$/%$1%~7Ä%k$6%~BÄm%M%7&'-9*'-&"

É%.&/9(%"(%É%-"9("'(/%%É%=*E&""(%É%,53-9%(%É%-",-9-,/%É%*==-%7(%É%7&'-9*"';%S$/%/+&)$/

$1%~,Ä%M%*%É%3*#7&'-9*'-&"%É%3*#7*"-;%(%É%=*E&""(#3*#7*'-;%(%É%2*%%É%%()$&")*O3(%É%3*

7*"-;%(%É%)*%É%*==-%7(%É%2(3*;%S,%/+&)$%(01/01,16)23$%$1%~/Ä>%8$/%+(90/%70(,8)23$/%$1

~CÄ%$6%~"Ä%()6+/%483/%9,36;

U1%,36&$%69:'$%(016$13%-,1/%8$/%-$3[%4&+(+-$16/>%(?$/6%($83)%-$%8?-"'("'-&""(3;

=,)/%($%23)%,44,&,{6%',)16$1,16>%(?$/6%23$%6036%-,1/%($66$%49&,/$%4$36%-$7$1)&%69:'$>

4$36%-$7$1)&%8$%10H,3%-?31$%/+',16)/,6)01;%K$66$%49&,/$%B,)6%$[,(6$'$16%($%23?$88$%-)6>

-)6%$[,(6$'$16%($%23?$88$%B,)6;%F88$%-)6PB,)6%8,%'06)7,6)01%-,1/%8$%8,15,5$;

.,1/% ($66$% 49&,/$>% A$17$1)/6$% 1$% /+4,&$% 4,/% 8?0&-)1,)&$% -3% 8,15,5$% $6% 8$

40:'$%M% A$17$1)/6$% 4,&8$% -$% a%8?)17$16$3&% -?31% /6H8$%b;% f1% ,% 73% 483/% 9,36% 23$

8?$[4&$//)01% a%8?)17$16$3&% -?31% /6H8$%b% /?0440/,)6% \% ($88$% -$% a%/6H8$%b>% \% 8,

&$4&+/$16,6)01% -?31$% /6H8)/6)23$>% 4,&($% 23?$88$% 40/$% 8,% 23$/6)01% -3% /3C$6>% -?31$

/+',16)23$% 4&04&$>% 101% 8,% 23$/6)01% -$/% B)53&$/;% A$17$1)/6$% -+B)1)6% (9,23$% 80(36$3&

8?)17$16$3&%-?31%/6H8$;%K?$/6%23$%A$17$1)/6$%4$1/$%31%3*".*.(#$&5'-4/(;%F6%)8%-+(&)6%)()

($%23$%B,)6%31%8,15,5$%40+6)23$;

f1% 403&&,)6% )()% 4&$1-&$% (9,23$% 6$&'$% $6% 6|(9$&% -$% -)&$% ($% 23?)8% -)6% -,1/% 8,

49&,/$;% f1% 403&&,)6% 8$% B,)&$% ,7$(% 603/% 8$/% 6$&'$/>% 'e'$/% ($3[% 23)% 4,&,{6&,)$16

)1/)51)B),16/;% S$% a%($%b>% 8$% a%H%b% 4,&% $[$'48$>% /016% \% (0''$16$&;% S$% a%H%b% /$'@8$

4&0(+-$&%-3%6$&'$%a%-H1,')23$%b%23)%,44,&,{6%-,1/%8,%49&,/$%23)%4&+(:-$%8$%4,//,5$%k)8

,44,&,)//,)6% ,3//)% -,1/% a%/H'@08)23$%b% $6% -,1/% a%'H69$%b>% -,1/% 8$/% 49&,/$/

4&+(+-$16$/m;%A$17$1)/6$%4,&8$%-$/%a%/6&3(63&$/%-H1,')23$/%-3%/6H8$%b;%=,)/%($%a%H%b>

(?$/6%,3//)% 8$%/01%~)Ä%-$%a%/$%-+8)7&$%b%$6%a%,BB)&'$%b;%S$%/3C$6%a%/?H%-+8)7&$%b% k-,1/% 8,

',6):&$m>% )8% a%H% ,BB)&'$%b% k-,1/% 8,% ',1):&$% -016% )8% (01/6&3)6% /,% 4$&/011$m;% f1% /$

/037)$16%23?,3%-+@36%-$%8?,&6)(8$%A$17$1)/6$%+(&)7,)6%M%a%S,%8,153$%B03&1)6%8n)1/6&3'$16

-n31%-)/(03&/%0g% 8,%4$&/011,8)6+%-3%/3C$6%/$%-+8)7&$%$6%/$%(&+$>%,66$)16% 8n,36&$%$6%/$%B,)6

]"V

&$(011,{6&$%-$% 83)%b"`];%>(#,53-9%(%%(?$/6%/$% &$1-&$% 8)@&$>%',)/%($8,% )'48)23$%$1%'e'$

6$'4/%8?,(6)7)6+%-$%)(#2%5(%;%S$/%-$3[%(90/$/%1$%/$%/+4,&$16%4,/;%.,1/%/$/%',13/(&)6/

/3&%A,3-$8,)&$>%A$17$1)/6$%+(&)&,%\%4&040/%-$%8?$[4+&)$1($%-3%40:6$%M

K$66$%+'06)01%1,{6%-?31$%$[4+&)$1($%4&0B01-$>%31)23$>%-3%'01-$;%S$%40:6$%1$%4$36%/$%-+8)7&$&%-$%/01%$[4+&)$1($%É%0@/$//)01>%23$%(9,23$%)1()-$16%-$%/,%7)$%%&$1037$88$>%23?$1%%8?$[4&)',16%%4,&%8$%'0H$1%-?)',5$/;%%J8%B,36%23$%/01%8,15,5$1111111111111111111118$%7+(3%%%&$P4&+/$16$%>%&$P4&0-3)/$%8?+'06)01%M%8?)',5$%$/6%8$%6&3(9$'$16%%%1+($//,)&$%%-$%%8?+'06)01>%$6%$1%6,16%23?$88$%$/6%/010&)6+>%%%%8,%8,153$%-0)6%&$6&037$&%%%8$/%/01/%23)%8n+7023$16;%%S$%%%%8,15,5$%%-3%40:6$%/$&,%-01(>%\%603/%40)16/%-$%73$>%%%31%%%%%8,15,5$%)(01)23$;"`!

f1%1?$16&$%4,/% )()%$1(0&$%-,1/% 8?,1,8H/$%4&+()/$%-$%($% 6$[6$;%f1%106$% C3/6$% )()

23$%a%/$%-+8)7&$&%-$%/01%$[4+&)$1($%b%)'48)23$%23$%8$%a%8,15,5$%&$P4&+/$16$%x8$%7+(3y>

&$P4&0-3)/$% 8?+'06)01%b;%f1% &$(011,{6% 31$% 4&$/23$% ()6,6)01% -?31% 4,//,5$% -$% 8?,&6)(8$

a%K034% -?v)8% /3&% 8$% -+7$8044$'$16% -$% 8,% 8)153)/6)23$%b%M% a%S$% 8,15,5$% %(`$%&,/-'% 8,

&+,8)6+;% K$8,% $/6% \% $16$1-&$% -$% 8,% ',1):&$% 8,% 483/% 8)66+&,8$%M% 8,% &+,8)6+% $/6% 4&0-3)6$% \

1037$,3%4,&% 8$% 6&3(9$'$16% -3% 8,15,5$;%K$83)%23)% 4,&8$% B,)6% &$1,{6&$% 4,&% /01%-)/(03&/

8?+7+1$'$16% $6% /01% $[4+&)$1($% -$% 8?+7+1$'$16;% K$83)% 23)% 8?$16$1-% /,)/)6% -?,@0&-% 8$

-)/(03&/% $6% \% 6&,7$&/% ($% -)/(03&/>% 8?+7+1$'$16% &$4&0-3)6%b"`";% #?,1,8H/$% 6036% ($8,% 483/

80)1;

U1% 6$&'$% 23$% 8?01% &$',&23$% ,3//)% (?$/6% 8$% 6$&'$% a%0@/(3&+'$16%b>% 23)% &)'$

,7$(%a%)1(01/()$16%b;%Q$801%'0)>%($%6$&'$%&,44$88$%8,%',1):&$%-016%=)(9$8%A&+,8%-+B)1)6

31%)1(01/()$16%-,1/%/01%1))*-#,(#>57*"'-4/(;%A&+,8%+(&)6%M%a%J8%B,36%B$&'$&%8$/%H$3[%\

8?+7)-$1($% 403&% 1$% 4,/% 70)&% 23?31$% 708016+% 0@/(3&$>%',)/% 4$&/+7+&,16$>% 4&+/)-$% ,3[

(9,15$'$16/%-3% 8,15,5$%b"`X;%S,%9&3&"'5#&O)2/%(%-$%A&+,8>%(0''$%8?&O)2/%57("'#-$

A$17$1)/6$>%(?$/6%8?)1(0113%-,1/%8$%8,15,5$>%$6%8?-"'("'-&""(3%-$%A$17$1)/6$%$/6%,3//)%-3

(w6+% -$% 8?)1(0113% ka%K$% 23n)8% H% ,% -n)16$16)011$8% -,1/% 8,% '06)7,6)01% 5037$&1$

0@/(3&+'$16%bm;% D80&/% 23$% 8?01% -)&,)6% 9,@)63$88$'$16% 23$% ($% 23)% $/6% )16$16)011$8% $/6

4&+'+-)6+>%(?$/6P\P-)&$%/$%(011,{6%-+C\;%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"`]%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%_V;"`!%ADU.FSDJLF>%`>%BrX%o%BrX;"`"%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;!Y;

]"^

?.H`RSD.&8QF=R.

'-&#(*G(G-&)$%+,45-<

u%J8%/$'@8$%23$%8,%8,153$%40+6)23$%103/%&+7:8$%31%%%6H4$%-$%8,153$%-016%01%,%C3/23?\%4&+/$16%\%4$)1$%%%/034T011+%8?+6$1-3$%>%8,%&)(9$//$%>%8,%1,63&$/)1538):&$;%S,%8,153$%40+6)23$%-0)6%e6&$%(01/)-+&+$$1%%$88$P'e'$%%$6%%403&%%$88$P'e'$;%F88$%,%31,36&$%'0-$%-$%/)51)B)(,6)01%23$%8,%8,153$%0&-)1,)&$>%$6%$88$%-0)6%&$($70)&%31%,44,&$)8%-$%-+B)1)6)01/%-)/6)1(6$/;%F88$%,44$88$&,%31$8)153)/6)23$%-)BB+&$16$;"`Y

F')8$% A$17$1)/6$% &+-)5$,)6% 4,&B0)/% -$/% 8)/6$/% -?,&6)(8$/% 03% -$% 8)7&$/% -016% )8

4&0C$6,)6% 8?+(&)63&$;% .,1/% 8$/% ,&(9)7$/% -3% K088:5$% -$% R&,1($% 103/% 6&03701/% 31$% 8)/6$

-?a%,&6)(8$/%4&0')/%b>%-,6,16%/,1/%-036$%-$/%4&$')$&/%'0)/%-$%8?,11+$%]^`_;%A$17$1)/6$

H% )1-)23$% 8$% 4&0C$6% -?31% ,&6)(8$% 403&% 8,% &$73$%<*".*.()% \% 4&040/% -$% a%8,% 8,153$% -$

A,3-$8,)&$%b;

%%D&6)(8$/%4&0')/

u%%%%%%%=+8,15$/%S+7)PQ6&,3//%kC3)1%]^`_m%kOH40805)$%-$/%8,153$/%)1(0&40&,16$/m

u%%%%%%%=+8,15$/%D;%G,58),&0%k,0c6%]^`_mk %$6(;m

u%%%%%%i083'$%(0''+'0&,6)B%R)&-0E/)%k,0c6%]^`_m%%%%%kU1$%6&,-)6)01%'H690805)23$%(9$I%R)&-0E/)m

u%%%%%%#03&1,8%D/),6)23$%%%%%%%%kD)é',%-,1/%8,%'H690805)$%)&,1)$11$m

u%%%%%%%AQS;%%%%%kS$/%B01-$'$16/%/H16,[)23$/%-$%8,%-+&)7,6)01%$6%-$%8,%(0'40/)6)01m

u%%%%%%S,15,5$/%%%%%%%%%%%kS,%8,153$%-$%A,3-$8,)&$m

u%%%%%S$/%8,153$/%'0-$&1$/%%kC,17)$&%]^`Vmu%%%%%L$73$%-$/%F63-$/%D&'+1)$11$/u%%%%%U8)//$;%%k/$46$'@&$%]^`_

%%%%%kS,153$%$6%G/H(90805)$m

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"`X%=)(9$8%A&+,8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>%!ZZY>%4;%"Z;"`Y%8FGH1<FID1>%]^>%BrY]%o%Br]^];

Marcelo
Marcelo

]XZ

K$6%,&6)(8$>%A$17$1)/6$%1$%8$%43@8)$&,%C,',)/;%l03/%1$%(011,)//01/%4,/%8,%&,)/01

-$%($8,;%=,)/%103/%403701/%1+,1'0)1/%4$1/$&>%\%6&,7$&/%8$/%10'@&$3[%',13/(&)6/%23$

($66$%&$(9$&(9$%,3&,%8,)//+/>%23$%A$17$1)/6$%+6,)6%$1%6&,)1%-?+(&)&$%23$823$%(90/$%-?31

6$&'$% @)$1% 483/% 8015;% J8% &++(&)7,)6% 31$% 8)153)/6)23$% \% 4,&6)&% -$% A,3-$8,)&$>% 31% 4&0C$6

&+/083'$16%(&)6)23$>%%*,-2*3% k)8% 8$%-)6m>% &$'$66,16%$1%(,3/$%-$%',1):&$%1$66$% 6036$%31$

8)153)/6)23$%6&,-)6)011$88$>%31$%8)153)/6)23$%-016%8?31)6+%$/6%8$%)-."(;

z3$% ($66$% 40+6)23$% 1?,)6% 4,/% +6+% 43@8)+$% &,44$88$&,% Q,3//3&$% $6% /,% 40+6)23$>

8?,44&0(9$% &$1037$8+$% -3% 8,15,5$% 23?)8% +8,@0&$% \% 4,&6)&% -$% 8,% 40+/)$% ,16)23$>% 5&+(0P

8,6)1$%$6%/,1/(&)6$;%K,&%8$/%a%4,&,5&,''$/%b%/016%($8,;%O&:/%80)1%-?31%-036$>%(?$/6%31$

&$(9$&(9$>% 31$% 7&,)$% &$(9$&(9$>% (?$/6P\P-)&$% 31$% 4&)/$% -$% &)/23$>% 8,% -+(037$&6$% -?31

)1(0113;%A$17$1)/6$%+5,8$'$16%+4&037$%($6% )1(0113%23)%$/6%/)'48$'$16% )19+&$16%\% 8,

23$/6)01%23?)8%/$%40/$%$6%23$%Q,3//3&$%/$%40/,)6%,3//)>%($88$%-3%8,15,5$%40+6)23$;

.,1/%31%',13/(&)6%0g%)8%)1-)23$%23?)8%B,3-&,)6%&+)17$16$&%-,1/%6036$%/01%+6$1-3$

8?+63-$% -3% 8,15,5$>% (0''$% 8$% 40:'$% 1$% &+401-% ,3(31$'$16% \% 8,% 8)153)/6)23$

6&,-)6)011$88$>%A$17$1)/6$%+(&)6%M

#$%403&&,)/%'$66&$%$1%$[$&53$%-$%'01%,&6)(8$%%%%%%%%($66$%49&,/$%-3%G&0C$6%-$%4&+B,($%,3[%%%%%%%%%R8$3&/%-3%',8%M%%%%%%%%%a%z3$/6)01/%-?,&6%É%6$&&,$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)1(051)6,$%b%"``

A$17$1)/6$>% ,7$(% A,3-$8,)&$>% -+B)1)6% 8?,&6% (0''$% 31% 23$/6)011$'$16>% 31

8,@0&,60)&$% (&)6)23$% -$% 8,% (011,)//,1($%h% 8?,&6% 1$% 8)7&$% 4,/% -$% &+401/$;% K&5)-(# )*")

%5$&")(>% +(&)6% <$1&)% =$/(9011)(>% a%Q,1/% &+401/$% 4,&($% 23$% 4,&% 8,% 40+/)$>% $6% /,

&+B8$[)01% -,1/% 8$% 8,15,5$>% /016% ')/% $1% -036$% ($&6,)1/% 23$/6)011$'$16/;~�Ä% Q,1/

&+401/$%É%4,&($%23$%8,%40+/)$%B,)6%8$%&)/23$>%8?$1%,7,16%-3%-)&$>%/01%,7,1($%/3&%103/>%/$/

,7,1(+$/>%483/%23$% 8$% &$603&>% 8$/% &$603&/%23)% /016% 8?$17$8044$'$16%-$%103/%4,&%103/>

',6$&1$8/%/03/%8,%8,153$>%6e6$%1,6,8$%B$&'+$%b"`_;%A$17$1)/6$%+(&)6%\%4&040/%-$%($%23?)8

,44$88$% 8,%2&77/"-2*'-&"#$&5'-4/(% É% $6% (?$/6% 31%'e'$%4&0@8:'$>%43)/23?)8% /?,5)6% -$

4$1/$&% ($% 23$% =*-'% 31% 40:'$"`V%M% a%l,63&$% -$% 8,% (0''31)(,6)01% 40+6)23$% S$% 40:6$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"``%8FGH1<FID1>%!!>%Br`_%o%Br"]^;"`_%<$1&)%=$/(9011)(>%K&/%#3*#$&5'-4/(#Y+#K&5)-(#)*")#%5$&")(>%*,88)',&->%lLR>%a%S$%(9$')1%b>%G,&)/>]^_V>%4;%]]P]!;"`V%f1%/$%&+B:&$%\%8,%4$1/+$%-?<$1&)%=$/(9011)(>%\%/,%4$1/+$%-3%40:'$>%\%/,%4$1/+$%-3%6&,-3)&$;%.,1/K&5'-4/(#,/#'%*,/-%(>%<;%=$/(9011)(%4,&8$%,)1/)%-$%a%O&,-3)&$%($%23$%8$/%'06/%1$%-)/$16%4,/%',)/%($23?)8/%B016%b%k4;%]"Vm;%J8%+(&)6%M%a%S,%40+6)23$%$/6%8?$//,)%-$%4$1/$&%8$%(016)13%-,1/%8$%-)/(03&/;%F88$%6$16$

]X]

/?,-&$//$%\%8,%I01$%+'06)7$%-,1/%8?,3-)6$3&%É%23)%1?$/6%4,/%31%)16$&80(36$3&%k)8%1?,66$1-

4,/%-$% &+401/$%-$% 83)m%bVJa0#K&5)-(# )*")#%5$&")(>% 8$%40:6$%1?,66$1-%4,/%-$% &+401/$>% )8

1?$1%-011$%4,/%101%483/>%',)/%8$%40:'$%=*-'%23$823$%(90/$%23$%/$38/%8$/%40:'$/%B016;

Z/()'-&")# ,A*%'# l# '(%%*(# -"2&."-'*(%h% 8$% 40:'$% B,)6% 8$% &)/23$% $6% 8?$1% ,7,16% -3% -)&$>

8?)1(0113;%R(%%*(#-"2&."-'*(>%(?$/6%,3//)% 8$%40:'$%-$% 8,%4$1/+$>% 8$%40:'$%6036%(03&6>

23$% A$17$1)/6$% +(&)6% ,7$(% A,3-$8,)&$;% S,% 4/()'-&"% B,)6% 8$% &)/23$;% A$17$1)/6$% 8$% -)6

a%l03/%6$1601/%($66$%(017$&/)01%-3%40)16%-$%73$%$6%($66$%$[480&,6)01%-,1/%',%6$16,6)7$

-$% % (&+,6)01% -?31% 1037$,3% '0-:8$>% (017,)1(3% \% 8,% B0)/% -$% /,% 1+($//)6+% $6% -$% /01

)1/3BB)/,1($%4&+/$16$%M%106&$%6$16,6)7$%/$'@8$&,%&,-)(,8$;%l03/%/0''$/%/c&%23?31%C03&

01% 83)% &$4&0(9$&,% -$% 1$% 4,/% 8?,70)&% +6+% ,//$I%b"_Z;% J8% H% ,% 8\% 23$823$% (90/$% -$% @)$1

(,&,(6+&)/6)23$%-$%8,%-+',&(9$%-$%A$17$1)/6$>%-$%6036%\%B,)6%)1-)//0(),@8$%-$%/,%69+0&)$

-3% 8,15,5$%M% (?$/6% /,% 4$1/+$% -3% $%&O3;7(;% *+&,&-% .$//01/% -,1/% /01% 8)7&$% 17-3(

8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%6&,7,)88$%\%'$66&$%,3%C03&%($66$%4$1/+$;%J8%+(&)6%,)1/)

23$% a%8$% 4&0@8:'$% $/6% 31% '0-$% -$% 4$1/$&%b"_]%h% )8% &$8:7$% $6% ,1,8H/$% 8$/% 0((3&&$1($/

10'@&$3/$/%-$%($%6$&'$"_!>%)8%&$',&23$%106,''$16%23$%a%8,%40&6+$%$1%$/6%-011+$%-:/%8$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%-?,66$)1-&$>%\%6&,7$&/%($%23$%-)/$16%8$/%'06/>%7$&/%($%23?)8/%'016&$16%',)/%1$%-)/$16%4,/>%7$&/%($%23?)8/B016>%23)%$/6%483/%/3@6)8%23$%($%23$%8,%4&,5',6)23$%(016$'40&,)1$%,%(&3%'$66&$%,3%C03&;%K?$/6%8?,5)&%-38,15,5$;%J8%,5)6%/3&%103/%'e'$%/)%103/%1$%/,701/%4,/%($%23?)8%103/%B,)6;%J8%8$%B,)6;%F6%)8%&$(0''$1($;%F6%011?$1%/,)6%4,/%483/%23$>%/3&%8$%48,1%-$%8,%8,153$>%8$%80(36$3&%1$%/,)6%$6%1?,%@$/0)1%-$%/,70)&%(0''$16%$88$B01(6)011$%403&%8,%4,&8$&;%G,&%230)%8,%40+6)23$%1$%(01($&1$%4,/%23$%8$/%,',6$3&/%-$%40:'$/;%F88$%$/6(9$I%(9,(31%\%/01%)1/3%$6%)8%B,36%8$%/039,)6$&>%403&%83)%$6%403&%$88$>%\%(9,23$%)1/6,16;%#$%1$%(0'4&$1-/%4,/23?01%1$%8?$1/$)51$%4,/%$1(0&$%-:/%8,%',6$&1$88$%b;%<$1&)%=$/(9011)(>%K&5'-4/(#,/#'%*,/-%(>%i$&-)$&>S,5&,//$>%]^^^>%4;%]XZP]X];"`^%8FGH1<FID1>%]Y>%Br]%o%Br]Z_;"_Z%8FGH1<FID1>%]X>%Br]%o%BrVZ;"_]%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`>%4;%]];"_!% J8% '$% /$'@8$% 23?)8% $/6% )16+&$//,16% -$% ()6$&% 8$% &$8$7+% $6% 8?,1,8H/$% 23$% -011$% *+&,&-% .$//01/% -$/0((3&&$1($/%-$%8?$[4&$//)01%-?31%Å4&0@8:'$Å%-,1/%8$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(%M%Å%K?$/6%-01($1%6,16%23$%4&0@8:'$/%23$%8$/%0@C$6/%-$%8,%8)153)/6)23$%/016%6&,)6+/%M%8?$[4&$//)01%-3%7$&@$%6&,1/)6)B%4,&%8$4,//)B%$/6%31%Å4&0@8:'$%6&:/%7,/6$Å%kJ>%]__m%h%8,%49&,/$%10')1,8$%&$8:7$%-?31%Å4&0@8:'$%4&04&$Å%kJ>%]Y`m;S$/%23$/6)01/%483/%5+1+&,8$/>%1$%&$8$7,16%4,/%/4+()B)23$'$16%-?31$%)16$&&05,6)01%8)153)/6)23$>%/016%,3//)$17)/,5+$/%(0''$%-$/%4&0@8:'$/>%\%8?)',5$%-$/%&$8,6)01/%$16&$%4$1/$&%$6%4,&8$&>%Å31%4&0@8:'$%23$%103/$17)/,5$01/%/0'',)&$'$16%)()Å%kJ>%`"m;%G$1/$&%8,%&$8,6)01%$16&$%8,%B0&'$%$6%8$%/$1/>%($%1?$/6%4,/%-+(&)&$31%+6,6%-$/%(90/$/>%',)/%&$1-&$%(0'46$%-?31%Å4&0@8:'$%23)%9,16$%6036$%8,%8)153)/6)23$%'0-$&1$Å%kJ>%]!`m;Q)%8,%-+',&(9$%4/H(9,1,8H6)23$%)16+&$//$%A$17$1)/6$>%(?$/6%4,&($%23$%R&$3-%Å,%40/+%8$%4&0@8:'$Å%kJ>%_^m-3%&,440&6%-3%8,15,5$%6$%-$%8?)1(01/()$16;%D)1/)>%$1%&+B8+(9)//,16%/3&%8$/%(,6+50&)$/%-3%8,15,5$%$6%8$3&/&,440&6/>%8,%4$1/+$%1$%4&05&$//$%4,/%-$%/,70)&%$1%/,70)&>%',)/%Å%-?31%4&0@8:'$%\%8?,36&$%Å%kJ>%!"Vm;%o%S$4&0@8:'$%$/6%31%'0-$%-$%4$1/$&>%31$%,66)63-$%9$3&)/6)23$>%23)%(01/)-:&$>%4,&%$[$'48$>%Å23$%8$%4&0@8:'$-$/%4&010'/%$/6%\%8,%B0)/%31%4&0@8:'$%-$%8,15,5$%$6%31%4&0@8:'$%-$%8,153$/>%03%')$3[>%23?)8%1?$/6%314&0@8:'$% -$% 8,153$/% 23$% 4,&($% 23?)8% $/6% -?,@0&-% 31% 4&0@8:'$% -$% 8,15,5$Å% kJ>% !Y]m;% S,% B,(386+% -34&0@8:'$%$1%6,16%23$%'0-$%-$%4$1/$&%$/6%-03@8$;%o%F88$%$/6%-?,@0&-%/)'48)B),16$%4,&%(0'48$[)B)(,6)01>%,3/$1/%0g% $88$% 6&,1/B0&'$% 8$% (0'48)23+% $1% (0'48$[$%M% s8,% 8)153)/6)23$%4&05&$//$% $1% &,)/01% -)&$(6$% -$% 8,2&7$3(N-'5%23?$88$%&$(011,{6%,3[%(90/$/t%kJ>%sD7,16P4&040/tm%h%s103/%,701/%8\%-$/%106)01/%)''$1/$/%$6-016%01%1?,%4,/%B)1)%-?$[480&$&%8,%(0'48$[)6+>%&$/4$(6)7$'$16%8,%8,153$%$6%8,%/0()+6+t%kJJ>%^"m;%S$%6$&'$7,8$3&%/$%(9,&5$%,80&/%-$%8,%-03@8$%7,8$3&%-$%-)BB)(386+%$6%-$%23$/6)011$'$16;%.$7,16%8?9H4069:/$%-?31$483&,8)6+%-$%'0-$/%/)51)B),16/%-,1/%8$%8,15,5$>%A$17$1)/6$%(0''$16$%sK?$/6%31%4&0@8:'$t%kJJ>%"_m;%S,(017$&5$1($%$16&$%483/)$3&/%/()$1($/%,3603&%-3% 8,15,5$Å%-$7)$16%31%1037$,3%4&0@8:'$%403&%103/Å%kJJ>

mvargas

]X!

6)6&$%-$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(;%S?,7,16P4&040/%$[48)23$%23$%/)%8$/%+63-$/

016% +6+% s4&+/$16+$/% )()% /03/% 8,%-+10')1,6)01%-$% è4&0@8:'$/?>% (?$/6% 23?$88$/% ,440&6$16

-,1/%8$3&%$1/$'@8$%$6%(9,(31$%403&%/0)%31$%(016&)@36)01%\%8,%5&,1-$%4&0@8+',6)23$%-3

8,15,5$t%kJ>%1;4;m;%S?)-+$%$/6%,7,16%6036%23$%8$/%6&,7,3[%4&+/$16+/%1$%(01/6)63$16%4,/%-$/

(01/6&3(6)01/%-$%/,70)&>%',)/%-$/%,(6$/%-?)17$/6)5,6)01%-,1/%31%-0',)1$%0g%8$%8,15,5$

1?$/6%4,/%31$%40/)6)7)6+%\%(011,{6&$%31$%B0)/%403&% 6036$/>%',)/%31$%s4&0@8+',6)23$t%\

B0&'38$&% )1-+B)1)'$16>%$6%1037$88$'$16%(9,23$% B0)/%b;"_"%*+&,&-%.$//01/% )1-)23$%4,&

$[$'48$%($%23$%A$17$1)/6$%+(&)7,)6%-3%S57&-%(#)/%#3(#)Q)';7(#$%-7-'-=#,()#9&Q(33()#("

-",&`(/%&$5("%-$%R;%-$%Q,3//3&$>%23)%$/6%/$801%'0)%31%)1-)($%)'40&6,16%-$%/,%',1):&$

-$%4$1/$&%8,%4$1/+$%M%a%S$%5+1),8%-+@36,16%,66,23$%31%-$/%4&0@8:'$/%8$/%483/%-)BB)()8$/

-$%8,%5&,'',)&$%(0'4,&+$>%31$%23$/6)01%23)%\%7&,)%-)&$%1?$[)/6,)6%4,/%$1(0&$%$6%23?)8%,

+6+% 8$% 4&$')$&% \% B0&'38$&% -,1/% /$/% 6$&'$/% 4&04&$/%b;"_X%D)1/)>% (0''$% ,C036$%*+&,&-

.$//01/>% a%8,% 4$1/+$>% ,80&/>% /?)-$16)B)$% \% 8?+(&)63&$%b"_Y;%*+&,&-%.$//01/% &+3//)6% ($66$

6$13$%$1/$'@8$%-?31$%)17$16)01%-$%4$1/$&%4,&%31$%)17$16)01%-$%-)&$%-,1/%8?)16)638+%-$

/01% 037&,5$%M%17-3(# 8("9("-)'(+# 3A-"9("'-&"# ,/# ,-)2&/%)>% \% 8,% B0)/% 8?)17$16)01% -?31$

4$1/+$% -3%-)/(03&/>% $6% )1-)//0(),@8$'$16% 8?)17$16)01% -?31% -)&$>% 8$% /)$1>% $6% ($83)% 23?)8

4$&'$6%-$%70)&%(9$I%-?,36&$/>%4,&($%23$%/,%4$1/+$%-3%8,15,5$%$/6%31$%40+6)23$;

*+&,&-%.$//01/%-+7$8044$%$1(0&$%($66$%4$1/+$%-3%$%&O3;7(%(9$I%A$17$1)/6$%$1

+(&)7,16%M

=,)/% 8,% 23,8)6+% ,&6)/6)23$% ',C$3&$% -$% 8,% 4$1/+$% 4,&% 8$% 4&0@8:'$% (01/)/6$% '0)1/% \(01/6&3)&$% 31$% 4&0@8+',6)23$>% 23?\% )17$16$&% 31% 4&0@8:'$>% B0&'38$&% 31% 4&0@8:'$% 23)a%1?,%4,/%$1(0&$%+6+%40/+%b%kJJ>%Y^m;%D%B,)&$%23?01%70)$%31%(0'48$[$%-?$1C$3[>%0g%C3/23$P8\% 01% 70H,)6>% ,3% ')$3[>% 31$% 23$/6)01% '0&490805)23$% 03% 6H40805)23$;% J17$16$&% 314&0@8:'$>%(?$/6%403&%4,&,49&,/$&%8$%'06%-$%=,3&)($%=,$6$&8)1(d>% )17$16$&%($%23?01%1$/,)6%4,/"_`;%K?$/6%\%-)&$%-011$&%\%8?,(6)7)6+%-$%(011,)//,1($%8,%40&6+$%-$%8?3604)$;%K$%23))'48)23$% 23$% 8?)17$16)01% -?31% 4&0@8:'$>% ,7$(% /,% -03@8$% 7$&63% (&)6)23$% $6% 9$3&)/6)23$>/0)6% )1-)//0(),@8$% -$% 8?)17$16)01% -$% /,% B0&'38,6)01;% K?$/6% 403&230)>% -,1/% 8$/% /()$1($/93',)1$/>% 8?)'40&6,16% 1?$/6% 4,/% -,1/% 8$/% &+401/$/>% ',)/% -,1/% 8$/% 23$/6)01/>% -,1/% 8$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"^m;%K9,23$%-)BB)(386+%/$%6&,1/B0&'$%$1%(01B)53&,6)01%4&0@8+',6)23$%4,&%8?,(6)7)6+%-$%8,%4$1/+$;%K$%23))'48)23$%É%/$(01-$%23,8)6+%-3%4&0@8:'$%É%8,%-)'$1/)01%(&)6)23$%-?31$%4$1/+$%23)%1$%4$36%/?$[$&($&%/,1/-+101($&% -,1/% 8$/% 23$/6)01/%-3% 8,15,5$% s6036$% /0&6$% -$% (01B3/)01/%03% -$% B,3[% 4&0@8:'$/t% kJ>% !_m;%b%hI,(7;>%4;%]]P]!;"_"%I,(7;>%%4;%]Z;"_X%F')8$%A$17$1)/6$>%a%Q,3//3&$%,4&:/%31%-$')P/):(8$%b%k]^`Xm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>4;%""%h%%()6+%4,&%*+&,&-%.$//01/>%4;%]!;"_Y%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`>%4;%]!;"_`%l06$%-$%@,/%-$%4,5$%-$%8?,36$3&%k*+&,&-%.$//01/m%M%a%ÅS$%4&05&:/%-$%8?93',1)6+>%(?$/6>%$1%/0''$>8?,35'$16,6)01%-$%2(#4/A&"#"(#)*-'#$*)%Å%k#38$/%<3&$6>%a%K017$&/,6)01%,7$(%=,3&)($%=,$6$&8)1(d%b>%S$R)5,&0>%]_%',)%]V^";%.,1/%=,$6$&8)1(d>%J16&0-3(6)01%\%31$%4/H(90805)$%-$/%/015$/>%A&3[$88$/>%+-)6)01/S,@0&>%]^VY>%4;%]Y`m;%i0)&%*+&,&-%.$//01/>%S*('(%3-"2\+#3(#':5k'%(#,/#$&;7(>%G,&)/>%+-)6)01/%S,3&$1($O$4$&>%!ZZY>%4;%!`m%b;

]X"

B,T01/%-$% 8$/% B0&'38$&;%S,%23$/6)01>% /)% $88$% $/6%31%4&0@8:'$>%1?$/6%483/% /$38$'$16%31$)16$&&05,6)01>%$88$%$/6%É%4/*()-&%É%31$%&$(9$&(9$;"__

S,%4$1/+$%-$%A$17$1)/6$%$/6%31$%4$1/+$%-3%4&0@8:'$>%31$%&$(9$&(9$>%$88$%4&$1-

8$%&)/23$%-$%8?)1(0113;%A$17$1)/6$%',&23$%'e'$%/,%-+B),1($%4,&%&,440&6%,3%(0113>%4,&

&,440&6% \% 31$% ,66)63-$% /()$16)/6$%M% a%U1$%'+690-$% ,3[% 4&)/$/% ,7$(% 8$/% -)BB)(386+/% -n31

4&0@8:'$% &+$8% /$% 8,)//$% ,3%'0)1/% C35$&% /3&% 8$/% /0836)01/% 23n$88$% 4&040/$>% 6,1-)/% 23n\

&,)/011$&% /3&% -$/% (01(83/)01/% ,(23)/$/>% 01% $/6% /c&% -$% 5,51$&% /,1/% &)/23$>% $6% -$

1n$1/$)51$&% 23$% 8$% (0113%b"_V;% J8% $/6% 1+,1'0)1/% &$',&23,@8$% 23$% 8,% &$(9$&(9$% 23$

A$17$1)/6$%':1$%,7$(%A,3-$8,)&$%$/6%403&%83)%4,&6)(38):&$%$1%($%23?$88$%4&$1-%4$36Pe6&$

$1(0&$%-,7,16,5$%8$%&)/23$%-?31$%-+(037$&6$;%K$%23?01%70)6>%$6%23?01%1$%&$',&23$%4,/

$1% 8)/,16% 8$/% ,36&$/% 6&:/% 10'@&$3[% ',13/(&)6/% -$% /01% ,&(9)7$>% (?$/6% 23$% A$17$1)/6$

B0&'38$%($%&)/23$>%8$%B,)6%23$%/01%6&,7,)8%$/6%31$%6$16,6)7$;%i0)8\%4$36Pe6&$%8\%31$%&,)/01

403&%$[48)23$&%23$%($%6&,7,)8%/0)6%&$/6+%',13/(&)6;%#$%(&0)/%,3//)%23$%($%6&,7,)8%+6,)6%$6

$/6% $1(0&$% 6&:/% $15,5+>% 6&:/% (&)6)23$>% 31$% &$')/$% $1% (,3/$% 5&,7$% -$% 8,% 8)153)/6)23$

6&,-)6)011$88$%h%4$36Pe6&$%$/6P($%$1(0&$%8\%31$%,36&$%&,)/01;

S$% 6$[6$%-$%A$17$1)/6$% \%4&040/%-$%a%8,% 8,153$%-$%A,3-$8,)&$%b%1$% /$&,% C,',)/

43@8)+% ',)/% 103/% 6&03701/% -,1/% /01% ,&(9)7$% ',13/(&)6$% 31% -0//)$&% )16)638+

a%A,3-$8,)&$%b"_^>% (0'40/+% -$% "_Z% B$3)88$6/;% #$% &$1-/% 43@8)23$% -,1/% 8?,11$[$% -$% ($

6&,7,)8% 8?)16+5&,8)6+%-$%($%-0//)$&>%,((0'4,51+$%-$%/,% 6&,1/(&)46)01%k"`_%B$3)88$6/%/016

(01/$&7+/% \% 8,% A)@8)069:23$% 1,6)01,8$% -$% R&,1($>% -$3[% B$3)88$6/% )/08+/% /$% &$6&037$16

-,1/% 8$/% ,&(9)7$/% -3%K088:5$% -$% R&,1($>% ,)1/)% 23$% 8,% 106$% )1-)23,16% 8$% 4&0C$6% -$% ($6

,&6)(8$%403&%8,%&$73$%<*".*.()m;%J8%1?$/6%4,/%)'40//)@8$%23$%8?01%&$6&037$%4,&% 8,%/3)6$

-?,36&$/%B$3)88$6/%-,1/%31%B01-/%23)%$/6%6&:/%)'40&6,16%k$16&$%!Z%ZZZ%$6%"Z%ZZZ%B$3)88$6/m

$6% -016% 4&$/23$% ,3(31% (8,//$'$16% 1?,% $1(0&$% +6+% &+,8)/+;% K$% (8,//$'$16>% 8?+63-$

/H/6+',6)23$%-$%($66$%,&(9)7$>%/,%43@8)(,6)01%4&05&$//)7$%B,)6%4,&6)$%-$%10/%4&0C$6/;

S?$[)/6$1($%-$%($%-0//)$&%,7,)6%+6+%/)51,8+$%403&%8,%4&$'):&$%B0)/%4,&%=09,'',-

.C,B,&%=0N1B,&%$1%]^^!%-,1/%/01%,&6)(8$%a%S?v37&$%-?F')8$%A$17$1)/6$%b%4,&3%-,1/%8$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"__%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`>%4;%]!;"_V%F')8$%A$17$1)/6$>%a%G&0@8:'$/%/+',16)23$/%-$%8,%&$(01/6&3(6)01%b%k]^YXm>%)1%G&0@8:'$/%-$8)153)/6)23$%5+1+&,8$>%4;%"Z_;"_^%U1$%40(9$66$%7$&6P@8$3%C,31)>%40&6,16%($%6)6&$%$1%9,36%\%-&0)6$>%-$%8,%',)1%-$%A$17$1)/6$;

mvargas
mvargas

]XX

7083'$%<(2'/%()# ,A17-3(# 8("9("-)'(% -$% 8,% &$73$% <IcÜVMW;% J8% 106,)6% ,)1/)% 8?$[)/6$1($

-?31$% a%% sF63-$/% -$% -)/(03&/% 40+6)23$t%M% 4&:/% -$% 6&0)/% ($16/% B$3)88$/% -$% 106$/% $6% -$

6$[6$/% ,1,8H/,16% 8$% <*".*.(# $&5'-4/(>% -$% 10'@&$3[% 6$[6$/% /016% (01/,(&+/% \

A,3-$8,)&$%b;% D% 8,% -$',1-$% -$% K,&'+8),% A$17$1)/6$"V]>% $6% ,7$(% 8?,((0&-% -?F')8$

A$17$1)/6$>%=;%.C;%=0)N1B,&%/?+6,)6%$1%$BB$6%(9,&5+%-:/%]^_Z%-$%(8,//$&%8$/%4,4)$&/%-$

A$17$1)/6$>%',)/%(?$/6%*$0&5$/%L$-,&->%$[+(36$3&%6$/6,'$16,)&$%-$%A$17$1)/6$>%23)%4,&

8,%/3)6$%,7,)6%&$')/%\%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($%8$/%',13/(&)6/%-$%A$17$1)/6$>

',)/% $1% (01/$&7,16% 403&% 83)>% (01/6,601/P103/% ',)16$1,16>% 8$/% )1+-)6/% 8$/% 483/

)'40&6,16/>%8,%40+6)23$%-$%A$17$1)/6$>%8$/%(,&1$6/%-?$123e6$%k($3[%-?D8,/d,%-,6,16%-$

]^Y!%$6%]^Y">%($3[%-?DB59,1)/6,1%-,6,16%-$%]^X_m>%31%70(,@38,)&$%5&$(>%31%,&6)(8$%/3&

8$/% 6$&'$/% &$8,6)B/% ,3% 8,15,5$% -,1/% 8,% &$8)5)01>% 8,% 6&,1/(&)46)01% )16+5&,8$% -$% 8,

K01B+&$1($%$3&04+$11$%-$%Q+',16)23$%-$%l)($%$1%',&/%]^Y]"V!%23)%,7,)6%+6+%0&5,1)/+$

4,&% A$17$1)/6$% 83)P'e'$"V">% 8$/% ',13/(&)6/% -$% 8?,&6)(8$% a%K,6+50&)$/% -$% 4$1/+$% $6

(,6+50&)$/%-$%8,153$%b>%8?+@,3(9$%-?31%,&6)(8$%/3&%A$1C,')1%S$$%Ç90&B;

F1%]^^Y>%=;%.C;%=0N1B,&>% 80&/%-3%K088023$%a%A$17$1)/6$%7)156%,1/%,4&:/%b>%23)

/?+6,)6% 6$13% \% K$&)/H% k]!P]^% ,0c6% ]^^Ym>%,7,)6% -$% 1037$,3% 4,&8+% -$/% ',13/(&)6/

(01($&1,16%A,3-$8,)&$% h%<$1&)%=$/(9011)(>%-,1/% 8,%4&$'):&$%106$%-$%@,/%-$%4,5$%-$

/01% 6$[6$%43@8)+%-,1/% 8$/% ,(6$/% -3% (088023$>% +(&)7,)6% M% a%S$% (088023$% /3&% sA$17$1)/6$

7)156%,1/%,4&:/t>%$1%,0c6%]^^Y>%,3&,%$1%$BB$6%&$1-3%43@8)(%($%B,)6%106,@8$>%23?)8%$[)/6$

483/)$3&/% ($16,)1$/% -$% 4,5$/% -$% A$17$1)/6$% )/%# 3*# $&5'-4/(% $1% ',13/(&)6% $6% 23?)8

/?)'40/$&,)6%-$%43@8)$&%/,1/%483/%,66$1-&$>%/,1/% B,)&$%,66$1-&$>%,@3/)7$'$16>%($%23?01

,44$88$%8,%(0''31,36+%/()$16)B)23$%b;"VX

F1%!ZZ!>% C?,)% (0''$1(+% \% &$(9$&(9$&% ($/%',13/(&)6/>% $6% ,7$(% 8?,)-$%-$%=;%.C;

=0N1B,&>% C?,)% 7)6$% +6+% ,'$1+$% \% a%&$6&037$&%b% 31$% 4,&6)$% -$% 8?,&(9)7$% ',13/(&)6$% -$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"VZ%=09,'',-%.C,B,&%=0N1B,&>%a%S?v37&$%-?F')8$%A$17$1)/6$%b>%)1%<IcÜ>%1r!`>%<(2'/%()#,A17-3(8("9("-)'(>%l,16$&&$>%]^^!>%4;%!X;"V]%K,&'+8),%A$17$1)/6$%k]^ZXP]^_^m%$/6%8,%/v3&%-?F')8$%A$17$1)/6$;"V!%F')8$%A&31$6%,%8$%4&0C$6%-?$1%4&040/$&%8?+63-$%$6%8?+-)6)01%4&0(9,)1$'$16;"V"%S?$[)/6$1($%-$%($66$%(01B+&$1($%$6%-?D(6$/%,7,)6%+6+%/)51,8+/%4,&%=;%.;%=0N1B,&%-,1/%/,a%A)@8)05&,49)$%-$/%6&,7,3[%-?F')8$%A$17$1)/6$%bM%a%F2'()#,(#3*#2&"=5%("2(#(/%&$5(""(#,(#)57*"'-4/(;l)($%!`P"]%',&/%]^Y];%f&5,1)/+$%4,&%F;%A$17$1)/6$%$6%4,6&011+$%4,&%8,%Q0()+6+%-$%S)153)/6)23$%-$%G,&)/;J1PXr>%4;%]`!%4;%-,(6H805&,49)+$/>%1$%/$%6&037,16%4,/%-,1/%8$%(0''$&($;%S$%(0'46$%&$1-3%/0'',)&$%-$($66$%(01B+&$1($%$/6%4&+/$16+$%4,&%F;%A$17$1)/6$%\%8,%Q0()+6+%-$%S)153)/6)23$%-$%G,&)/>%8$%]X%,7&)8%]^Y]%h(B;%AQS;%X_%k]^Y]m%B,/(;%]%k1r]"Xm>%WWJJJ>%WWJi%b;=;.C;%=0N1B,&>%a%A)@8)05&,49)$%-$/%6&,7,3[%-?F')8$A$17$1)/6$%b>%)1%S53*".()#3-"./-)'-4/()#&==(%')#g#17-3(#8("9("-)'(>%Q0()+6+%-$%8)153)/6)23$%-$%G,&)/>G,&)/>%]^_Y>%4;%WJJJ

]XY

A$17$1)/6$>% (01/$&7+$%,3[%.+4,&6$'$16%-$/%=,13/(&)6/%0&)$16,3[%-$% 8,%A)@8)069:23$

1,6)01,8$%-$%R&,1($%-$43)/%-+($'@&$%]^_`"VY%á%D3//)%+6011,16%23$%($8,%43)//$%4,&,{6&$>

($66$%,&(9)7$%1?,7,)6%4&$/23$%C,',)/%$3%-$%8$(6$3&>%-3%'0)1/>%4$&/011$%1$%/?+6,)6%,80&/

)16+&$//+% /4+()B)23$'$16% \% ($88$P();% =,)/% ,3(31% -0//)$&% (01($&1,16% 8$% a%8,15,5$

40+6)23$%b%1$%/$% 6&037,)6%-,1/%($% B01-/;% #?,)%-01(%4&)/%(016,(6%,7$(%*$0&5$/%L$-,&->

23)% +6,)6% 8?$[+(36$3&% 6$/6,'$16,)&$% -$%A$17$1)/6$>% $6% 23)% (01/$&7,)6% -$43)/% ]^_`% 31$

5&,1-$% 4,&6)$% -$/% 4,4)$&/>% @)$1% 23$%A$17$1)/6$% ,)6% 8+53+% 4,&% 6$/6,'$16% $1% ,0c6% ]^_"

8?)16+5&,8)6+%-$%/$/%4,4)$&/%\%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($%,80&/%a%A)@8)069:23$

1,6)01,8$% -$% G,&)/%b;% *$0&5$/% L$-,&-% )''+-),6$'$16% ,4&:/% 8$% -+(:/% -$% A$17$1)/6$

,7,)6% (0''$1(+% \% +(&)&$% 31$% )'40&6,16$% @)05&,49)$% /()$16)B)23$% -$% A$17$1)/6$>% 31

6&,7,)8% )''$1/$>% 23$% 8?01% &$6&037$% ',)16$1,16% ,3% K088:5$% -$% R&,1($"V`% 'e8+% ,3[

,&(9)7$/%4$&/011$88$/%-$%A$17$1)/6$;%J8%/$&,)6%)'40&6,16%-$%43@8)$&%@)$16w6%($%6&,7,)8>%)8

1?$[)/6$%4,/%$1(0&$%-$%@)05&,49)$%/()$16)B)23$%-$%A$17$1)/6$;%*;%L$-,&-%'?,% &$T3$%\

-$3[% &$4&)/$/% (9$I% 83)% 4&:/% -$% A$&1$% kQ3)//$m>% $1% ,7&)8% !ZZX>% $6% $1% C,17)$&% !ZZY

23$823$/% C03&/% ,7,16% /,% '0&6% k31% $16&$6)$1% $1&$5)/6&+>% -$% -$3[% 9$3&$/>% \% 4&040/% -$

A$17$1)/6$%,7,)6% +6+% &+,8)/+%($% C03&P8\>% $6% (?$/6% +5,8$'$16% 80&/%-$%($66$% &$1(016&$%23$

C?,)%4&)/%(011,)//,1($%-$%8?$[)/6$1($%-$%(,&1$6/%-?$123e6$%-$%A$17$1)/6$%/3&%8$/%8,153$/

,'+&)1-)$11$/%-?D8,/d,>%(,&1$6/%23$%*;%L$-,&-%,7,)6%&$170H+/%8\P@,/>%\%R,)&@,1d/>%$1

6&0)/% B0)/% $16&$% ]^^]% $6% ]^^!>% 23$% C$% /3)/% ,88+$% (01/386$&% $1% ,7&)8% !ZZY"V_>% $6% 23$% C$

/039,)6$%43@8)$&%4&0(9,)1$'$16;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"VX%<$1&)%=$/(9011)(>%a%A$17$1)/6$%M%/+',16)23$%/,1/%/+')06)23$%b>%)1%17-3(#8("9("-)'(#9-".'#*")#*$%;)kK088023$%-$%K$&)/H>%]!P]^%,0c6%]^^Ym>%13'+&0%/4+(),8%-$%SJlW>%/03/%8,%-)&$(6)01%-$%K8,3-)1$l0&',1-%$6%=)(9$8%D&&)7+>%KLS%É%U1)7$&/)6+%G,&)/%W>%]^^_>%"Z_;"VY%f1%6&037,)6%$1%!ZZ!>%_%7083'$/%&$8)+/%$6%!V%@0{6$/%-?,&(9)7$/%h%\%($8,%/?,C036$%',)16$1,16%8$/',13/(&)6/%-$%40+6)23$%$6%-$/%4,4)$&/%&$')/%$1%!ZZ`%k!%@0{6$/m%\%8,%-$',1-$%-$%='$;%L$-,&->%\%8,%/3)6$-3%-+(:/%-$%/01%',&)>%*$0&5$/%L$-&,->%23)%+6,)6%8?$[+(36$3&%6$/6,'$16,)&$%-$%K,&'+8),%$6%-?F')8$A$17$1)/6$;%G03&%31%9)/60&)23$%-$%8,%23$/6)01%-$/%4,4)$&/%-$%A$17$1)/6$%C$%&$170)$%,3%&+(,4)638,6)B&+,8)/+%4,&%F')8)$%A&31$6%403&%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($;%%ki0)&%\%8,%B)1%-$%($%70383'$%-,1/8$/%a%.0(3'$16/%b%m;%=,)/%)8%,44,&,{6%',)16$1,16%23$%*$0&5$/%L$-,&-%(01/$&7,)6%8$/%)1+-)6/%-$A$17$1)/6$%4$36Pe6&$%8$/%483/%)'40&6,16/>%106,''$16%($66$%40+6)23$%23)%$/6%31%6&,7,)8%6036%\%B,)6%1$3B;A$17$1)/6$%$/6%-+(+-+%)8%H%,%"]%,1/;%K$66$%40+6)23$%,3&,)6%-c%e6&$%43@8)+$%,80&/%/,1/%,66$1-&$;%K?$/6+7)-$16;%z3,16%,3[%(,&1$6/%-?$123e6$>%($3[%-?DB59,1)/6,1%k]^X_m%$6%($3[%-?D8,/d,%k]^Y!%$6%]^Y"m%01%1$4$36%(0'4&$1-&$%23?)8/%,)$16%+6+%-?31$%4,&6%(01/$&7+/%-$%',1):&$%4&)7+$%$6%-?,36&$%4,&6%$170H+/%\%8?,36&$@036%-3%'01-$%/,1/%23$%8,%(0''31,36+%/()$16)B)23$%,)6%$3%(011,)//,1($%-$%8?$[)/6$1($%-$%6$8/%4,4)$&/>-016%8?)'40&6,1($%$/6%+10&'$>%403&%8$/%$69108053$/>%403&%8$/%8)153)/6$/>%8$/%9)/60&)$1/�"V`%K$&6,)1/%4,4)$&/%/016%$BB$(6)7$'$16%4,&7$13/%,3%K088:5$%-$%R&,1($%$1%!ZZ`%43)/%!ZZ_>%4,&%8,%-+()/)014$&/011$88$%-$%*+&,&-%R3/',11>%4&0B$//$3&%,3%K088:5$%-$%R&,1($;%S$/%4,4)$&/%-$%*$0&5$/%L$-,&-%H%/016'+8,15+/%\%($3[%-$%A$17$1)/6$;"V_%#$%-011$%\%8,%B)1%-$%($%7083'$%ka%.0(3'$16/%bm>%8,%&$4&0-3(6)01%-$%23$823$/%4,5$/%-$%($/%($&1$6/;

]X`

Q3)6$%\%106&$%4&$'):&$%&$1(016&$>%,3%4&)16$'4/%!ZZX>%*$0&5$/%L$-,&-%,7,)6% B,)6

4,&7$1)&%8$%-0//)$&%a%A,3-$8,)&$%b%\%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($%"VV;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"VV%F')8$%A$17$1)/6$%,7,)6%4,&%31%6$/6,'$16>%-,6+%-?,0c6%]^_">%8+53+%603/%/$/%4,4)$&/%\%8,%A)@8)069:23$1,6)01,8$%-$%R&,1($>%,80&/%a%A)@8)069:23$%1,6)01,8$%-$%G,&)/%b%M%a%#$%8:53$%\%6)6&$%4,&6)(38)$&%8$/%~03%'$/Ä4,4)$&/%',13/(&)6/%\%8,%A)@8)069:23$%1,6)01,8$%-$%G,&)/>%\%/01%-+B,36%$1%(,/%-$%101%,(($46,6)01>%C$%8$/8:53$%,3%K088:5$%-$%R&,1($%b;%*$0&5$/%%L$-,&-%-,1/%($%'e'$%6$/6,'$16%,7,)6%+6+%-+/)51+%$[+(36$3&6$/6,'$16,)&$;

]X_

T<0-*1-*,2+-&-+&#-&)$>/-

%%S,%8,153$%40+6)23$%$/6%603C03&/%%($88$%-?31%%40:6$>%$6%$88$%$/6%&+)17$16+$%4,&%83)%-,1/%(9,(31%%%-$%/$/%40:'$/;%"V^

S?,&6% B,)/,)6% 4,&6)$% -3% 23$/6)011$'$16% -?F')8$% A$17$1)/6$;% K0''$% 8?+(&)7,)6

*$0&5$/%L$-,&-%-,1/%8,%@)05&,49)$%23?)8%4&+4,&,)6%k@)05&,49)$%101%43@8)+$m%M%a%=,)/%)8

1?$/6%4,/>%1$%/$&,%C,',)/%31%/4+(),8)/6$%(8,23$'3&+%-,1/%s/,t%/()$1($;%Q,%(3&)0/)6+%$/6%\

8,%'$/3&$%-$%/$/%-01/;%S$%A$17$1)/6$%23)>%$1%]^!">%&$1-%(0'46$%-$/%D' é,%Q4 16,"^Z

-$%A$&1,&-%*$)5$&% $/6% ,3//)% ($83)%23)>% 6w6% ,4&:/>%4,&8$% ,-')&,@8$'$16%-$/%K,9)$&/%-$

=,86$%S,3&)-/%A&)55$"^]>%($83)%$1(0&$%23)>%,7$(%S;%D&,501>%D;%D&6,3->%G;%A&,//$3&>%D;

A&$601>%G;%F83,&->%=,[%F&1/6>%<;%#$,1/01>%L;%z3$1$,3%$6%-?,36&$/>%/)51$%8$%',1)B$/6$

/3&&+,8)/6$% sS,% L+70836)01% -?,@0&-% $6% 603C03&/%á% t"^!%b;% *$0&5$/% L$-,&-% -,1/% ($66$

'e'$%@)05&,49)$%&,(016$%$1(0&$%\%4&040/%-$%#$,1%Q6,&0@)1/d)%$6%-?F')8$%A$17$1)/6$M

a%DH,16%6$&')1+%/$/%+63-$/%-$%8$66&$/%$1%]^X!>%#;%Q6,&0@)1/d)%(0''$1T,)6%,80&/%($88$/

-$%'+-$()1$>%6036%$1%/$%703,16%\%-$/%6&,7,3[%8)66+&,)&$/;%#$%'$%/037)$1/%,70)&%$16$1-3>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"V^%8FGH1<FID1>%!Z>%Br]]%o%Br!ZY;"^Z%S$/%D' é,%Q4 16,%/016%-$/%-)7)1)6+/%I0&0,/6&)$11$/;%A$17$1)/6$%-,1/%<(#Y&2*O/3*-%(#,()#-")'-'/'-&")-",&`(/%&$5(""()%-,1/%8,%4,&6)$%23)%(01($&1$%8,%&$8)5)01%8$/%-+B)1)6%,)1/)%M%a%S?,-C$(6)B%)$ "'*%23?016&,-3)6%4,&%a%/,1(63/%b%,%31$%)'40&6,1($%B01-,'$16,8$%-,1/%8$%70(,@38,)&$%&$8)5)$3[%-$%8?D7$/6,;%D7$(31%,36&$%,-C$(6)B%*7 % '*%ky%*7 á*%m%a%)''0&6$8%b>%)8%(01/6)63$%8?,44$88,6)01%-$/%*7 á*#)$ "'*>%5&034$%-$/$46%-)7)1)6+/%23)%4&+/)-$16%\%8,%7)$%',6+&)$88$%$6%'0&,8$%-$%8?90''$>%$6%23)%É%230)23$%40&6,16%-$/%10'/,@/6&,)6/%É>%/$%/016%-$%@011$%9$3&$%)1(,&1+$/%(9,(31$%-,1/%31%+8+'$16%M%$,3>%6$&&$>%48,16$/>%'+6,3[>%$6(;K9,(31$%-?$88$%$/6%\%8,%B0)/%8$%/H'@08$%-?31$%7$&63%$6%8,%-)7)1)6+%4&06$(6&)($%-?31%+8+'$16%-3%'01-$;F88$/%/$%-)/40/$16%,3603&%-3%-)$3%/34&e'$%D93&,%=,I-,%$6%/016%(01/6,''$16%)17023+$/%6,16%-,1/%8$/9H'1$/%-)6/%m ': )%23)%(01/6)63$16%8,%4&+-)(,6)01%'e'$%-$%ê0&0,/6&$>%23$%-,1/%8$/%6$[6$/'H690805)23$/%$6%+4)23$/%&,//$'@8+/%-,1/%8$%&$(3$)8%-$/%Ö*á')%-$%8?D7$/6,;%S$3&%10'%(088$(6)B%*7 á*)$ "'*#4$36%/$%6&,-3)&$%s8$/%Q,)16$/%J''0&6$88$/t;%b>%kF')8$%A$17$1)/6$>%<(#9&2*O/3*-%(#,()#-")'-'/'-&")-",&`(/%&$5(""()+#P>%=)13)6>%G,&)/>%]^`^>%4;%]V]P]V!m"^]%J8%/?,5)6%-?31%(0'46$P&$1-3%23$%A$17$1)/6$%,%+(&)6%$1%]^!X%-,1/%8$%13'+&0%]%-$%8,%&$73$%K:-3&)&$:-()\%4&040/%-$%8,%6&,-3(6)01%$1%B&,1T,)/%4,&%=;%A$6I%-$/%B*:-(%)#,(#S*3'(#<*/%-,)#8%-..(%-$%L,)1$&%=,&),L)8d$;%#$%&$-011$%($%6$[6$%4,&')%8$/%a%.0(3'$16/%b%&,//$'@8+/%\%8,%B)1%-$%($%7083'$;"^!%l06$%-$%*$0&5$/%L$-,&-%M%a%S,%L+70836)01%/3&&+,8)/6$%Y>%]^!Y%M%sK?$/6%106&$%&$C$6%-$%6036$%80)(01/$16)$>%106&$%$/40)&%$1%-$/%B0&($/%C$31$/>%/036$&&,)1$/%$6%(,4,@8$/%-$%@03/(38$&%8?<)/60)&$>%-$%&0'4&$8?$1(9,{1$'$16%-+&)/0)&$%-$/%B,)6/>%23)%103/%B,)6%603&1$&%8$/%H$3[%7$&/%8?D/)$%k�m;%K?$/6%,3%603&%-$/=01508/%-$%(,'4$&%/3&%10/%48,($/t;%S?,66&,)6%-$%8?f&)$16%1?$/6%4,/%/$38%$1%(,3/$%M%8$/%/)51,6,)&$/&$C$66$16%M%s8?,@C$(6$%(,406$%@8$3%90&)I01t%$6%/036)$11$16%8$%K0')6+%-?,(6)01%(016&$%8,%53$&&$%-3%=,&0(;KB;%=,3&)($%l,-$,3>%<)/60)&$%-3%/3&&+,8)/'$>%G,&)/%]>%]^X`>%h%!^_P"ZZ%$6%!>%]^XV>%"_PX]%b%h%*$0&5$/L$-,&->%17-3(#8("9("-)'(>%6$[6$%101P43@8)+>%4;%V;

]XV

80&/% -?31$% (017$&/,6)01% $1% ]^YZ>% F;% A$17$1)/6$% 8$% 803$&% -?,70)&%'016&+% (9$I%},Bd,

8?)1(,4,()6+%-$%/$%/,37$&%4,&%8$%8,15,5$%$6%+(&)6%-,1/%/01%Q6$1-9,8%kR&)@03&5>%]^X"m%23$

8?%s)1-)7)-3%1$%/$%/,37$&,%23?$1%/$%/)1538,&)/,16%$6%$1%-+B$1-,16%/,%/)1538,&)6+t%É%6036

$1%&$5&$66,16%-?,)88$3&/%23$%Q6;%1?,)6%4,/%/038)51+%')$3[%8?)',5)1,6)01%s%&+6&0/4$(6)7$%t

-$%A$H8$% $6% 4,&,)//$% ,66&)@3$&% 31$% 49&,/$% -$% ($83)P()% \%l)$6I/(9$% ks8?|'$% C03)6% -$% /,

B0&($% $6% 8,% &$5,&-$t>% 0;(;% ]Ym%b"^";% *$0&5$/% L$-,&-% '?,7,)6% +5,8$'$16% )1-)23+% 23?)8

$[)/6,)6% 31$% (0&&$/401-,1($% $16&$% F')8$% A$17$1)/6$% $6% 8$% 5&,1-% 0&)$16,8)/6$% S03)/

L$103>% \% 4&040/% -$% Q,)16P#091% G$&/$"^X;% F1B)1% 01% (011,{6% 8?$[)/6$1($% -3% 6$[6$% -$

A$17$1)/6$%23)%/?)16)638$%<A1*/#9-%-3(VaC>%43@8)+%$1%]^XY>%$6%-016%R&,1T0)/$%A,-$&%-,1/

/,% @)05&,49)$>% a%U1$% ,1,'1:/$% 8)66+&,)&$% -?F;% A$17$1)/6$%b"^`>% B,)6% 8?,1,8H/$3&% $6% 8$

6&,7,)8% -?,1,8H/$%-$%A$17$1)/6$>%',)/% -?31$%',1):&$% 4/H(90805)/,16$>% ,80&/% 23$%@)$1

/c&>% 01% 4$36% 4&$1-&$% ($% 6$[6$% (0''$% 40)16% -$% -+4,&6% $6% (0''$% &+7+8,6$3&>% ',)/

&+7+8,6$3&% 101% -?31$% 4$&/011$% 4&)7+$>% -?31$% )16)')6+>% ',)/% -,7,16,5$% -?31% 4&0C$6>

-?31$% (016)13)6+% -$% 6&,7,)8% $6% -$% &$(9$&(9$;%<A1*/# 9-%-3(% $/6% 31% 6$[6$% 23)% $//,)$% 31$

'+690-$% -?,1,8H/$% 6036$% 4,&6)(38):&$>% ,//$I% 4&0(9$% 103/% 8$% 7$&&01/% -$% ($&6,)1/

'0'$16/% -$% 8,% 40+6)23$% -$%A,3-$8,)&$>% -,1/% ($66$%',1):&$% -$%'$1$&% 8?,1,8H/$% -?31

31)7$&/% 40+6)23$% $1% /$% B01-,16% \% 83)>% $1% $1% $'4&316,16% 8?+(&)63&$;%z3$823$% (90/$% -$

(0''31%$/6%,3//)%8$%69:'$%-$%8?$,3;%.,1/%/,%40+6)23$>%A$17$1)/6$%&+B8+(9)6%@$,3(034%\

4,&6)&%-$/%)',5$/%-$%8,%7(%>%-$%8?&25*">%-3%.&/==%(>%-$%8,%$%&=&",(/%%(9$I%A,3-$8,)&$;

G,&% '0'$16/% 01% ,% 'e'$% 8$% /$16)'$16% 23?)8% 403&/3)6% ,7$(% A,3-$8,)&$% 8?+(&)63&$% -$

<A1*/#9-%-3(;%G,&%$[$'48$%/3&%($66$%4,5$/%23?)8%)16)638$%a%S$/%)',5$/%-$%8,%'$&%b%M

#,',)/%%A,3-$8,)&$%%1?+7023$%%31%%10H+%M%kS$%7$&/%-$%L)'@,3-%a%8$/%10H+/%-$/($1-,)$16%-0&')&%\%&$(3801/%b%%83)%%$/6%C3/6$%\%8?0440/+%-$%/,%(01($46)01%-$%8,%'$&m;%#,',)/%)8%1$%4$1/$%\%8,%'$&%%(0''$%\%31%/+C03&%-$%'0&6;%%S$/%7,)//$,3[%%',&)1/%%%83)%/016%)1(0113/%%M%%31$%/$38$B0)/%%a%$6%-0&')&%-,1/%%8?03@8)%%(0''$%31%&$23)1%-,1/%8?01-$%b%h4,7)8801%%$/6%,@/$16%-$%/01%70(,@38,)&$;%K0'4,&$&%%8,%B&+23$1($%%-$/%0)/$,3[>%-$/%,1)',3[%%>-$/%7$&/%-$%6$&&$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"^"%*$0&5$/%L$-,&->%17-3(#8("9("-)'(>%6$[6$%101P43@8)+>%4;%]];"^X%}&)/91|%L$103>%B)88$%-$%S03)/%L$103>%'?,%+(&)6%23?$88$%1?,7,)6%4,/%(011,)//,1($%-?31$%6$88$(0&&$/401-,1($>%',)/%23?)8%$[)/6,)6%31$%8,(31$%23)%(0&&$/401-%,3[%4&$'):&$/%,11+$/%-$%8$3&%&$1(016&$;"^Y%#$%&$-011$%\%8,%B)1%-$%($%7083'$%k(B%a%.0(3'$16/%bm%8$%6$[6$%-$%<A1*/#9-%-3(>%4,&3%$1%]^XY%-,1/%8,&$73$%K-(%%(#g#=(/>%1r]>%K%&9("2(#c&-%(>%D)'+%=,$596%F-)6$3&>%K,11$/PG,&)/>%4;%_XP_V;"^`%R&,1T0)/$%A,-$&>%a%U1$%,1,'1:/$%8)66+&,)&$%-?F;%A$17$1)/6$%b>%)1%I"2&"'%-#<-"./-)'-2-+#PP>%U1)7)/6\%-)O&)$/6$%o%U1)7$&/)6\%-)%U-)1$>%G)/,>%L0',>%]^^^>%4;%]]PYY;>%R;%A,-$&%4&+4,&$%,(63$88$'$16%31$%1037$88$@)05&,49)$%-$%A$17$1)/6$;%U1%+6,6%-$%($66$%@)05&,49)$%k!ZZ!%03%!ZZ"m%/$%6&037$%,3[%D&(9)7$/%-3%K088:5$-$%R&,1($>%'e8+%,3[%,&(9)7$/%-$%*$0&5$/%L$-,&->%'e8+$/%,3[%,&(9)7$/%-?F')8$%A$17$1)/6$;%K$66$@)05&,49)$%483/%4/H(90805)/,16$%23$%/()$16)B)23$%)1/)/6$%-,7,16,5$%$1(0&$%/3&%8$%C3-,N/'$%-$%A$17$1)/6$$6%/3&%-$/%-+6,)8/%B,')8),3[;

]X^

U1%B,)6%(3&)$3[>%23$%8?01%1?,3&,%/,1/%-036$%4,/%$1(0&$%0@/$&7+%M%%%%%%%%%%%%%%%%%%%6$&($6/%23)%6$&')1$16%8$

.,1/%8$/%-$3[%-$&1):&$/%/6&049$/%-3%*3)5101%kWJm%%>A,3-$8,)&$%,7)7$'$16%6&,-3)6%23,6&$%7$&/%-$%%8?F8$5H%E&)66$1%)1%,%(0316&H%(93&(9P%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%H,&--$%O90',/%*&,H%%%%%%%%M %a%R388%',1H%,%B$E%43&$/6%&,H%/$&$1$()6+%-,1/%'01%+-;%4;%]!V]%%%%%%%%%%%%%%%%69$%-,&d%31B,690'$-%(,7$/%0B%f($,1%@$,&%h

%%%%%%%%%%B388%',1H%B80E$&/%)1%@0&1%@83/9%31/$$1%%% %%%%%%%%%%,1-%E,/6$%)6/%/E$$61$//%01%69$%-$/$&6%,)&

/0'@&$/11111111111111111111111111111111111111111111111111111111111111111111111111111111-,1/%8$/%/0'@&$/%,@H//$/y,@{'$/f&%A,3-$8,)&$%1?,%%0')/%%&$6$13%-$/%C0H,3[%23)%5)/$16%,3%B01-%-$%8?0(+,123$%a%',)16%C0H,3%-0&6%$1/$7$8)%71-,1/%8$/%6+1:@&$/%$6%8?03@8)171@)$1%80)1%-$/%4)0(9$/%$6%-$/%/01-$/%b%,7$(%8?,'@)53N6+%4)0(9$/%o%/01-$/%&$170H,16%)1-)BB+&$''$16%,3[%-$3[%+8+'$16/;%K0'4,&01/%,80&/%-,1/%8$/%S)6,1)$/%kKWWma%0g%-0&6%$1/$7$8)%8$%4$348$%-$/%'+6,3[%b%$6%103/%7$&&01/%23$%8$%B01-%-$/%6$&&$/%$/6%/$38%403&%83)%&)(9$%$6%5+1+&,6$3&%-?)',5$/;"^_

<A1*/# 9-%-3(% B,)6% 8?,1,8H/$% -?31% 69:'$% -$% (3863&$>% -$% ($% 23?)8% ,44$88$% 31$

a%'H690805)$%8,6$16$%b>%-$%/,%&+)17$16)01%4,&%8$/%40:6$/%kA,(9$8,&->%S,E&$1($>%K8,3-$8>

#;P=;%S$7$6>%=$87)88$>%Q9,d$/4$,&$>%A,8I,(>%S,36&+,'016m;%K$% 23?)8% H% ,% -$% 8,6$16% $/6

&+)17$16+>%A$17$1)/6$%1$% 6&,7,)88$%4,/%\%4$1/$&%31$%0&)5)1$>%',)/%31% B01(6)011$'$16>

31$% 403&/3)6$%M% )8% 6&,7,)88$% 4&+()/+'$16% \% 31$% ,1,8H/$;% F1% ($8,% 01% 4$36% ($&6,)1$'$16

4$1/$&%23$%/01%6$[6$%$/6%(&)6)23$%-$%8,%4/H(90805)$% C315)$11$%-$/%,&(9+6H4$/;%f1%()6$

)()%8?037$&63&$%-$%($%6$[6$%M

.,1/% 31$% &$4&+/$16,6)01% ,1)'+$% $6% -H1,')23$% -$/% +8+'$16/>% )8% /$% (01/6)63$% 603C03&/-$/%0440/)6)01/>%101%4,/%/$38$'$16%-?31%+8+'$16%\%8?,36&$>%',)/%-?31%,/4$(6%\%8?,36&$%-3'e'$%+8+'$16;%S?)',5)1,6)01>%-0()8$%\%31$%/355$/6)01%23)%+',1$%-$%8,%',6):&$>%6$1-%\-)//0()$&%$1% B)53&$/%(016&,/6+$/%$6%-$% /$[$%0440/+%-$/%106)01/%23$% 8,% &,)/01% 6)$16%403&/)'48$/%$6%4$&',1$16$/;%S$/% 8,153$/>% 8$/% 8+5$1-$/% 6+'0)51$16%-$%($66$%-3,8)6+>%23$% 8$/40:6$/% &+)17$16$16% (9,23$% B0)/% $6% -?,36,16% 483/% /c&$'$16% 23$% 8$3&% $[4&$//)01% $/6% 483/,369$16)23$;%l0601/%23$823$/% 6&,)6/%-$%($66$%'H690805)$% 8,6$16$%-,1/% 8$/% B)53&,6)01/%-$8?$,3;%"^V

S?,1,8H/$%-$%A$17$1)/6$%-+4,//$%31$%69+',6)23$>%4,&($%23?$88$%(9$&(9$%\%6$1)&

$1/$'@8$%8,%403&/3)6$%-?31$%,7$163&$%(3863&$88$%$6%8,%4,&6)(38,&)6+%-?31%6&,7,)8%40+6)23$>

-?31$%+(&)63&$;%F88$%$/6%-+C\%31$%40+6)23$;%S,%a%&$4&+/$16,6)01%,1)'+$%$6%-H1,')23$%-$/

+8+'$16/%b% 23?)8% 0@/$&7$% /3(($//)7$'$16% (9$I% -)BB+&$16/% 40:6$/>% $/6% -?,@0&-

8?+8,@0&,6)01%-$%/01%&$5,&-%\% 83)>%-$%/01%4&0C$6%403&%4$1/$&%31$%8)153)/6)23$%-3%/3C$6>

31$% &$4&+/$16,6)01%-016% )8%106$% /037$16% 8?)163)6)01%-,1/% 8,%49)80/049)$% $6% 8,%49H/)23$

9+&,(8)6+$11$/>% -,1/% 31% '01-$% 4&+P48,601)/+;% f1% 70)6% -+C\% ($66$% 4$1/+$% -?31$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"^_%8FGH1<FID1>%]Z>%Br]X%o%BrX_;

mvargas

]YZ

a%-H1,')23$%b%k-?31$%9)/60)&$m%$6%8$%6$&'$%'e'$>%-,1/%8$%(0'46$P&$1-3%23?)8%+(&)7,)6%\

4&040/% -$% 8,% 6&,-3(6)01% 4,&%=,3&)($% A$6I% -$/%B*:-(%)# ,(#S*3'(# <*/%-,)# 8%-..(% -$

L,)1$&%=,&),%L)8d$;%J8%+(&)7,)6%$1%$BB$6%É%01%$/6%$1%]^!X%M

=,)/%)8%B,3-&,%(9,15$&%10/%)1/6&3'$16/%M%106&$%(&)6)23$%1?,%53:&$%+63-)+%23$%-$/%v37&$/-$1/$/%03%-)BB3/$/>%',)/%603C03&/%B)[+$/>%03%23?$88$%B)[,)6;%J8%B,3-&,%)17$16$&%8,%(&)6)23$-H1,')23$>%($88$%23)%/?,C3/6$&,%\%-$/%106,6)01/%,3//)%6+13$/%23$%($88$/%-$%L)8d$>%($88$%23)403&&,%/3)7&$>%-,1/%/01% C$3%-03@8$%$6%(016&,&)+>% 8?,(6)01%-$/% B0&($/%23)%-)//0()$16%($66$(3&)$3/$%4$&/011,8)6+%M%31$%/$1/)@)8)6+%-)7$&/$%$6%/03')/$>%(,4,@8$%-$%/$% B01-&$%,3%/$)1-$/%(90/$/>%$6%31%-01%-$%&$4&)/$%606,8$>%,)53à>%4,&%31$%)16$88)5$1($%23)%603C03&/%7$)88$;"^^

S,% B0&'38,6)01% a%)8% B,3-&,% (9,15$&% 10/% )1/6&3'$16/%b% &$C0)16% 8,% -+',&(9$% -$

A$17$1)/6$% 5+1+&,8$'$16>% ',)/% 4,&6)(38):&$'$16% ($88$% 23?)8% 7,% ,BB)&'$&% -,1/% /,

40+6)23$%M% 8?)-+$% 23$% 8$% 40:'$% )'48)23$% 4,&% 1+($//)6+% 31$% 6&,1/B0&',6)01% -3% &$5,&->

23?)8%$1%$/6%4&+()/+'$16%8?)17$16$3&>%43)/23$%31%40:'$%$/6%31%40:'$%-$%8,%4$1/+$;

F1%8)/,16%($/%-$3[%6$[6$/>%01%$/6%/3&4&)/%-$% 8,%'0-$&1)6+%-$% 8,%&+B8$[)01%23)%/?H

B,)6% C03&>% $6% $1% 'e'$% 6$'4/% 01% &$(011,{6% /)'48$'$16% A$17$1)/6$>% 8,% -)'$1/)01>% 8$

4&0C$6%23?)8%-011$%\%(9,(31%-$%/$/%6&,7,3[;

G,&')% 8$/% 6&:/% 10'@&$3[% 6$[6$/% 23$% A$17$1)/6$% ,% +(&)6/>% 103/% &$',&2301/

23$823$/% 6$[6$/%23)% (01($&1$16%-)&$(6$'$16% 8,%a%8,153$%40+6)23$%b>%106,''$16%M%a%S$

6$[6$% -$% .&,[6% D/ & d% $6% 8,% 7$&/)B)(,6)01% 4$89$7)$%b% k]^"Zm% XZZ>% /,% 6&,-3(6)01% -$/

[Q7"()#7*"-2:5(")%k]^"_m%XZ]>%a%S,%8+5$1-$%-$%}0'@,@0/%b%k]^"VmXZ!>%a%S,%8+5$1-$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%"^V%F')8$%A$17$1)/6$>%<A1*/#9-%-3(+#)1%K-(%%(#g#T(/>%K%&9("2(#c&-%(>%D)'+%=,$596%F-)6$3&>%K,11$/PG,&)/>%]^XY>%4;%_X;"^^%F')8$%A$17$1)/6$>%a%<()#B*:-(%)#,(#S*3'(#<*/%-,)#8%-..(%4,&%L,)1$&%=,&),%L)8d$>%6&,-;%=;%A$6IkQ60(dm%b>%)1%K:-3&)&$:-()>%]>%G,&)/>%]Y%',&/%]^!X>%4;%^XP^Y;%f1%&$6&037$%+5,8$'$16%-,1/%($%13'+&0106,''$16%-$/%6$[6$/%-$%=,[%#,(0@>%#38$/%Q34$&7)$88$>%G)$&&$%=0&9,15$%k)8%$/6%8$%B01-,6$3&%-$%8,%&$73$m>#$,1%K0(6$,3>%L0@$&6%<011$&6>%G9)8)44$%Q034,386>%G)$&&$%.&)$3%S,%L0(9$88$>%L$1+%K&$7$8;XZZ% F')8$%A$17$1)/6$>% a%S$% 6$[6$% -$%.&,[6%D/ & d% $6% 8,% 7$&/)B)(,6)01% 4$89$7)$%b>% )1% {&/%"*3# F)-*'-4/(>!]_>%S)@&,)&)$%f&)$16,8)/6$%G,38%*$3691$&>%G,&)/>%]^"Z>%4;]^"P!!Y;XZ]%[Q7"()#7*"-2:5(")>%6&,-3)6/%4,&%F')8$%A$17$1)/6$>%,7$(%31$%)16&0-3(6)01%-?<$1&H%K0&@)1>%)1Ö..,%*)-33>%8/33('-"#7(")/(3#,(#3*#$&5)-(#("#T%*"2(#('#g#3A5'%*".(%>%!$%,11+$>%1rXPY%k!Y%C3)88$6P!Y%,0c6m>G,&)/>%]^"_>%4;%YXPY_;%#$%-011$%)()%8$%-+@36%-3%/$(01-%4,&,5&,49$/%-$/%a%106$/%8)')1,)&$/%b>%23)&,44$88$&,%4$36Pe6&$%6,16%4,&%8?+(&)63&$>%23$%4,&%8$%4&)1()4$%7)6,8$%23)%/?H%+101($>%8?,&6)(8$%-$%A$17$1)/6$/3&%8$%106)01%-?+6$&1)6+%23)%-,6$%-$%($66$%'e'$%,11+$%]^"_%M%a%K$/%4):($/%23)%,44,&6)$11$16%,3%&$(3$)8-$/%s<H'1$/%-3%=0)%7)7,16t>%(?$/6P\P-)&$%-$%8?D'$>%+7023$16%-)7$&/$/%49,/$/%-3%5&,1-%-&,'$(0/')23$%$6%93',)1%23$%8$%'$//,5$%-$%= 1 %&+7:8$%,3%'01-$;%S?D'$%83')1$3/$%(,46)7$%-$%8,%=,6):&$%\8,23$88$%$88$%$/6%a%'+8,15+$%b>%-+(93$%-$%/$/%4&)7)8:5$/%(+8$/6$/>%/03BB&$%8$/%60&63&$/%-$%8?$1B$&%k9H'1$/%J$6%JJm;%G&)7+$%-$%/01%c&à)>%$1%23)%&+/)-$%8,%(01/()$1($%-$%/,%1,63&$%$6%-$%/01%-$/6)1>%$88$%5{6%$1503&-)$-,1/%8$/%6+1:@&$/;%=,)/%/01%c&à)%83)%-+8:53$%ê,&,693/6&,%403&%83)%&,44$8$&%/,%4,6&)$%0&)5)1$88$%$6%8?)1()6$&\%/?,BB&,1(9)&%k9H'1$%JJJm%b;%k4;%_%-$%106&$%6)&+%\%4,&6%4&07$1,16%-$%8,%@)@8)069:23$%-$%8?FG<Fm;XZ!%F')8$%A$17$1)/6$>%a%S,%8+5$1-$%-$%}0'@,@0/%b>%)1%S53*".()#)Q%-(")#&==(%')#g#D0#H/))*/,>%G,&)/>*$3691$&>%]^"^>%4;%!YZP!YV;

mvargas

]Y]

-$/%.,1,N-$/%b%k]^X^mXZ";%=,)/%($%&$8$7+%$/6%($83)%-?31$%69+',6)23$;%K$%-016%01%-0)6

/)'48$'$16%/$%&$1-&$%(0'46$>%(?$/6%23$%A$17$1)/6$% 6&,7,)88$%(01/6,''$16%$1%4&$1,16

403&% $[$'48$% $6% $[$'48,)&$% -?31$%',1):&$% -$% -)&$>% -$/% B&,5'$16/% -$% 40:'$/>% -$% 8,

8)66+&,63&$>%-$%8,%49)80/049)$;%J8%1?H%,%4,/%-?,36&$%'0H$1%-$%/?)16$&&05$&%/3&%8,%8,153$>%8,

(3863&$%23$%-?+63-)$&%8$/%6$[6$/%23)%$1%/016%8$/%6+'0)1/>%$6%-,7,16,5$%23)%B016%8?9)/60)&$;

f1% 1$% /?,7,1($% 4,/% @$,3(034% $1% -)/,16% 23$% A$17$1)/6$% +(&)6% 31$% 40+6)23$% 80&/23?)8

6&,7,)88$% /3&% 23$823$% (90/$% 23)% \% 4&$'):&$% 73$% 4,&,{6&,)6% @)$1% 80)16,)1>% (0''$% 31

4&0@8:'$% 4&+()/% -$% /H16,[$>% 03% /3&% 6$8% 6$&'$% -$% (3863&$;% S,% 23$/6)01% 1?$/6% 4,/% ($88$

-?31% 69:'$>% ',)/% ($88$% -?31$% '+690-$;% K?$/6% 31$% 40+6)23$>% 4,&($% 23?)8% /$% 40/$% 8$

4&0@8:'$%-$%8,%8,153$%',)/%C,',)/%/+4,&+%-3%4&0@8:'$%-$%8,%7)$>%)8%6&,7,)88$%\%-+(037&)&

8?)17$16)01%-?31$%B0&'$%-$%8,15,5$%4,&%31$%B0&'$%-$%7)$>%$6%-?31$%B0&'$%-$%7)$%4,&%31$

B0&'$%-$%8,15,5$;

<$1&)%=$/(9011)(%,%'016&+% 8?)'40&6,1($%403&%31$%40+6)23$>%-$% 8?,&6)(8$%a%S,

106)01%-$%s&H69'$t%-,1/%/01%$[4&$//)01%8)153)/6)23$%b>%+(&)6%$1%]^YV;%.,1/%B%-'-4/(#,/

%Q':7(>%)8%+(&)6%,)1/)%M%a%D%4,&6)&%-$%A$17$1)/6$>%8$%&H69'$%4$36%1$%483/%e6&$%31$%/03/P

(,6+50&)$% -$% 8,% B0&'$;% K?$/6% 31$% 0&5,1)/,6)01% k-)/40/)6)01>% (01B)53&,6)01m% -?31

$1/$'@8$;%Q)%8$%&H69'$%$/6%-,1/%8$%8,15,5$>%$/6%-,1/%31%-)/(03&/>%)8%$/6%31$%0&5,1)/,6)01

k-)/40/)6)01>%(01B)53&,6)01m%-3%-)/(03&/;%F6%(0''$%8$%-)/(03&/%1?$/6%4,/%/+4,&,@8$%-$

/01% /$1/>% 8$% &H69'$% $/6% )1/+4,&,@8$% -3% &H69'$% -$% ($% -)/(03&/;% S$% &H69'$% $/6

0&5,1)/,6)01%-3%/$1/%-,1/%8$%-)/(03&/;%Q?)8%$/6%31$%0&5,1)/,6)01%-3%/$1/>%)8%1?$/6%483/%31

1)7$,3%-)/6)1(6>%C3[6,40/+;%S$%/$1/%/$%B,)6%-,1/%$6%4,&%603/%8$/%+8+'$16/%-3%-)/(03&/%bXZX;

A$17$1)/6$%4$&'$6%-$%4$1/$&%31$%7+&)6,@8$% 69+0&)$%-$% 8,% 8$(63&$>% )8%4$&'$6% 8,% (&)6)23$

-?31$% &$4&+/$16,6)01% B$&'+$% -3% a%/$1/%b% -3% 40:'$>% $6% 8,% -+(037$&6$% 6036% ,36&$% -$% /,

)-."-=-*"2(>%-$% 8,%(01/6)636)01%-$%($66$%/)51)B),1($%4,&% 8$% 8$(6$3&>%-$% 8,% 6&,1/B0&',6)01

-$%($83)P()%4,&%($66$%,(6)7)6+;%K$%23$%($6%,&6)(8$%\%4&040/%-$%8,%106)01%-$%a%&H69'$%b%&$1-

+5,8$'$16%40//)@8$>%(?$/6%31%-+4,//$'$16%-$% 8,%73$% /H16,[)23$%-$% 8,% 8,153$>% ($88$P()

)'40/,16%31%/$16)'$16% 8)1+,)&$%-3%/$1/%h% 8,%-)'$1/)01%101%8)1+,)&$%-3%/$1/%,7,)6%-+C\

+6+% )1-)23+$% 4,&% R;% -$% Q,3//3&$% -,1/% /,% &$(9$&(9$% \% 4&040/% -$/% 4,&,5&,''$/>% $6

A$17$1)/6$% 7,% @)$1% -,1/% ($% /$1/% 80&/23?)8% +(&)6% 4,&% $[$'48$%M% a%f1% 4$36% ,80&/

(0'4&$1-&$%23$% â >%/)51)B),16%8)66+&,8$'$16%Å',1):&$%4,&6)(38):&$%-$%B83$&Å>%,)6%+6+

8$%6$&'$%8$%483/%4&04&$%\%-+(&)&$%-$/%Å-)/40/)6)01/Å%03%-$/%Å(01B)53&,6)01/Å%/,1/%B)[)6+

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XZ"%F')8$%A$17$1)/6$>%a%S,%8+5$1-$%-$/%.,1,N-$/%b>%)1%D(9/(#,A[-)'&-%(#,()#D(3-.-&")+#LVU>%S$&03[>G,&)/>%4;%]!^P]"V;XZX%<$1&)%=$/(9011)(>%B%-'-4/(#,/#%Q':7(0#F"':%&$&3&.-(#:-)'&%-4/(#,/#3*".*.(>%i$&-)$&>%S,5&,//$>]^V">%4;%_Z;

Marcelo
Marcelo

]Y!

1)%1+($//)6+%1,63&$88$% $6% &+/386,16%-?31%,&&,15$'$16% 603C03&/% /3C$6% \% (9,15$&%bXZY;%f1

&$',&23$&,% -,1/% 8$/% ',13/(&)6/% 8$% &$603&% B&+23$16% -$% 6$&'$/% 6$8/% a%,//$'@8$&%b>

a%,//$'@8,5$%b>% a%,//0()$&%b>% a%(0'40/$&%b% % k,3//)% a%(0'@)1$&%b>% a%C3[6,40/$&%b>

a%,&6)(38$&%b% 23)% &,44$88$16% 4$36Pe6&$% 23$823$% (90/$% -3% (3@)/'$% ,1,8H6)23$>% ,3//)% -3

/3&&+,8)/'$m>%23)%)1/(&)7$16%8$%40:'$%-,1/%31$%,(6)7)6+%/3@C$(6)7,16$%-$%8$(63&$>%$6%23)

-+B016% 31$% 805)23$% /H16,[)23$>% 31)7023$% $6% 8)1+,)&$% -3% /$1/;%f1% 6&037$&,% +5,8$'$16

-,1/% 8$/%',13/(&)6/% 31$% &$(9$&(9$% -$% 6$&')10805)$% 1037$88$% 403&% -+4,//$&% 8,% 7)/)01

/H16,5',6)23$>% /H16,[)23$% -$% 8,% 8,153$;% A$17$1)/6$% $//,)$&,% ,)1/)% 8$/% 6$&'$/% -$

a%/H'49&01)$%b>%a%/H'490&)$%b>%$6%-$%a%/H'4,69:'$%b%M

F1%40+/)$%%8$%/H16,5'$%/?+6$1-%483/%80)1%23$11111111118)')6$//$/%-)'$1/)01/%5&,'',6)(,8$/%h%)8%$'@&,//$

8,%(0'4,&,)/01>%8?$1603&,5$%6&:/%8,&5$>

4,&B0)/%8,%&)'$;%%f1%4&040/$&,)6%403&%%%%%%%%%%%%%%%%%%%%%%%%%%%/H'4,69:'$%p8$%&$10''$&%%%%%%/H'490&)$%%%%03%%/H'49&01)$XZ`

.,1/%8$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(%103/%6&03701/%23$823$/%&$',&23$/

\%4&040/%-$%8,%a%8,153$%40+6)23$%b%h%-,1/%8?$16&$6)$1%,7$(%*3H%.3'3&%4,&%$[$'48$>%0g

A$17$1)/6$%)1-)23$%6036%8?$1C$3%403&%8,%8)153)/6)23$%-?31%6&,7,)8%/3&%8$%40:'$%M%a%)8%H%,

-$/% 6$16,6)7$/% )16+&$//,16$/>% -)6P)8>% ',)/% 23)% '016&$16% 8,% -)BB)(386+% -$% /0&6)&% -$/

(,6+50&)$/%36)8)/+$/%403&% 8?,1,8H/$%-3% 8,15,5$%0&-)1,)&$%bXZ_% kC$% &$7)$1/%$1%-+6,)8/% /3&

($/%4&040/%-$%A$17$1)/6$%/3&%8$%a%8,15,5$%40+6)23$%b%C3/6$%$1/3)6$m;

.,1/%8$% 6$[6$%a%S,%B0&'$%$6% 8$%/$1/%-,1/%8$% 8,15,5$%b%+(&)6%$1%]^``>%43@8)+%$1

]^`_>%A$17$1)/6$%+(&)7,)6%M%a%l06&$%-0',)1$%/$&,% 8$% 8,15,5$%-)6%0&-)1,)&$>% 8$% 8,15,5$

(0''31>% \% 8?$[(83/)01% $[4&$//$% -3% 8,15,5$% 40+6)23$>% 23)% ,% /$/% 4&04&$/% 80)/% $6% /$/

4&04&$/% B01(6)01/;%S,% 6|(9$>% 01% 8?,((0&-$&,>% $/6% -+C\% ,//$I% ,'48$% ,)1/);%=,)/% 6036% ($

23?01%4$36%'$66&$%-$%(8,&6+%-,1/%8?+63-$%-3%8,15,5$%0&-)1,)&$%4&0B)6$&,>%-)&$(6$'$16%03

101>% \% 8,% (0'4&+9$1/)01% -3% 8,15,5$% 40+6)23$% ,3//)% @)$1%bXZV;% l0601/% )()% 23$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XZY%F')8$%A$17$1)/6$>%a%S,%106)01%-$%s&H69'$t%-,1/%/01%$[4&$//)01%8)153)/6)23$%b>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%""";XZ`%8FGH1<FID1>]!>%Br`%o%BrYV;XZ_%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%$16&$6)$1%-$%*3H%.3'3&%,7$(%F')8$%A$17$1)/6$>%43@8)+%-,1/%3(c&/9(3#!O)(%9*'(/%>%/4+(),8%8)66+&,)&$>%1r!]Z%@)/%k!Z%107$'@&$%,3%!Z%-+($'@&$%]^`Vm>%4;%"!P"";%L$4&)/-,1/%8$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"_;XZV%F')8$%A$17$1)/6$>%a%S,%B0&'$%$6%8$%/$1/%-,1/%8$%8,15,5$%b>%k]^`_m%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%!]`P!]_;

Marcelo

]Y"

A$17$1)/6$%)1/(&)6% 8$%8,15,5$%40+6)23$%-,1/%8$% 8,15,5$%0&-)1,)&$>% )8%1$% 8?H%0440/$%4,/

ka%8$% 8,15,5$%(0''31>%\% 8?$[(83/)01% ~�Ä%bm;%=,)/% )8% 83)% &$(011,{6%-$/%a%80)/%b%$6%-$/

a%B01(6)01/%b%4&04&$/;%f1%/$&,%4$36%e6&$%+6011+%-$%($66$%-)BB+&$1(),6)01>%',)/>%$1%'e'$

6$'4/% ($% 23)% /?,BB)&'$% $1% 4&$')$&% $6% -$% ',1):&$% 483/% B0&6$>% (?$/6% 31$% 6$1/)01>% 31$

(016)13)6+% -,7,16,5$% 23?31$% $[(83/)01XZ^% k'e'$% /)% 8$% 6$&'$% H% $/6m%h% 31$% (016)13)6+

4,&($%23$%($%23?01%-)&,%-3%8,15,5$%0&-)1,)&$%4&0B)6$&,%\%8,%(0'4&+9$1/)01%-3%8,15,5$

40+6)23$;%A$17$1)/6$>%23$823$/%,11+$/%483/%6,&->%-,1/%/,%40+6)23$%-$%A,3-$8,)&$>%-,1/

/$/%4&040/%\%*3H%.3'3&>%&$17$&/$&,%($66$%)-+$>%43)/23?,3%(016&,)&$>%(?$/6%8$%6&,7,)8%/3&

8$% 40:'$% 23)% 4$&'$66&,% -$% &$1037$8$&% 8?,44&0(9$% -3% 8,15,5$% $1% 5+1+&,8>% 8$% 40:'$

&$'$66,16%$1%23$/6)01%8$/%(,6+50&)$/%-$%8?,1,8H/$;%S$%6$[6$%a%S,%B0&'$%$6%8$%/$1/%-,1/%8$

8,15,5$%b%$/6%+(&)6%-,1/%8$/%6$'4/%0g%A$17$1)/6$%(0''$1($%8?+(&)63&$%-?31$%40+6)23$

-$% A,3-$8,)&$;% K?$/6% ,3//)% -,1/% ($% 6$[6$% 23?)8% B0&'38$% 403&% 8,% 4&$'):&$% B0)/% 8,

-)/6)1(6)01%$16&$%31$%-)'$1/)01%/+')06)23$%$6%31$%-)'$1/)01%/+',16)23$%-$%8,%8,153$;

F16&$% a%S,% B0&'$% $6% 8$% /$1/% -,1/% 8$% 8,15,5$%b% $6% a%Q+')0805)$% -$% 8,% 8,153$%b>% -$3[

,11+$/%483/%6,&->%)8%H%,%31$%5&,1-$%,7,1(+$>%31$%2&"9(%)-&"#,/#$&-"'#,(#9/(X]Z;%F16&$

8$/%-$3[%6$[6$/>%)8%H%,%8?+(&)63&$%-?31$%40+6)23$%-$%A,3-$8,)&$;%.,1/%a%Q+')0805)$%-$%8,

8,153$%b>% 8?,&6%-$7)$16% 8$%40)16%-$%-+4,&6%-?31%23$/6)011$'$16% &$1037$8+%\%4&040/%-3

8,15,5$%M%a%$[4&$//)01%,&6)/6)23$>%/+',16)23$%k/,1/%/+')06)23$m%bX]];

z3$% 8$% 4&0@8:'$% -$% 8?,&6% /0)6% ,@0&-+>% $6% -,7,16,5$% 23?)8% /0)6% 8$% (v3&% -3

23$/6)011$'$16%-,1/%a%Q+')0805)$%-$%8,%8,153$%b>%103/%)1-)23$%8?)'40&6,1($%$6%8?$1C$3

-$%($66$%40+6)23$%23$%A$17$1)/6$%+(&)7,)6;%S?+(&)63&$%-$%a%Q+')0805)$%-$%8,%8,153$%b%$/6

/,1/%-036$%&$1-3$%40//)@8$%4,&%8,%40+6)23$%23$%A$17$1)/6$%B,)6%-$%A,3-$8,)&$%h%($%/$&,)6

31$% 1037$,36+% -$% 40370)&% 8$% -)&$>% $6% 23)% 103/% 4$&'$66&,)6% -$% 8)&$% ($6% ,&6)(8$% ,7$(% 31

&$5,&-% -)BB+&$16;% f1% 403&&,)6% 4&$/23$% -)&$>% 23?,3% 8)$3% -$% 43@8)$&% /,% 40+6)23$% -$

A,3-$8,)&$>% A$17$1)/6$% ,% +(&)6% a%Q+')0805)$% -$% 8,% 8,153$%b;% L$',&2301/% -?,@0&-% ($

-+6,)8%23$%A$17$1)/6$%H%4,&8$%-$%A,3-$8,)&$%M%a%S,%1,63&$%-$% 8?90'0805)$%4$36%7,&)$&>

)163)6)7$% 03% &,)/011+$>% /3@/6,16)$88$% 03% /6&3(63&,8$>% (01($463$88$% 03% 40+6)23$;% sS$/

4,&B3'/>% 8$/%(038$3&/%$6% 8$/% /01/% /$% &+401-$16;t%K$/%s(0&&$/401-,1($/t%1$% /016%23?\

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XZ^%#$%&$170)$%\%'01%,1,8H/$%k4;%]YV%/7;m%-3%6$[6$%-?D3/6)1>%23)%83)>%B0&'38$%8?$[(83/)01%-3%40:'$;X]Z%R0&'38,6)01%-$%A$17$1)/6$;%i0)&%8FGH1<FID1>%]X>%Br]%o%BrVZX]]%i0)&%\%4&040/%-$%($66$%B0&'38,6)01%<$1&)%=$/(9011)(>%a%A$17$1)/6$%M%/+',16)23$%/,1/%/+')06)23$%b>)1%17-3(#8("9("-)'(#9-".'#*")#*$%;)%kK088023$%-$%K$&)/H>%]!P]^%,0c6%]^^Ym>%13'+&0%/4+(),8%-$%SJlW>/03/%8,%-)&$(6)01%-$%K8,3-)1$%l0&',1-%$6%=)(9$8%D&&)7+>%KLS%É%U1)7$&/)6+%G,&)/%W>%]^^_>%4;%"Z_P"!Y;D3//)%8$%6$[6$%-$%*+&,&-%.$//01/%23)%83)%B,)6%)''+-),6$'$16%/3)6$>%a%G03&%31$%/+',16)23$%-$%8?,&6%b>%4;"!_P""";%F5,8$'$16>%<$1&)%=$/(9011)(>%a%Q$38%(0''$%A$17$1)/6$%03%K0''$16%8,%(&)6)23$%',123$%-$/6H8$%b>%)1%<*".*.()>%1r]]V%k<()#1"@(/N#,(#3*#)'Q3-)'-4/(>%13'+&0%0&5,1)/+%4,&%-$%.,1)$8%.$8,/m>S,&03//$>%G,&)/>%C3)1%]^^Y>%4;%YY;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo

]YX

A,3-$8,)&$>% $88$/% 0&5,1)/$16% /01% 31)7$&/% 40+6)23$% $6% 8?)',5$&)$% 23)% 8$% &$B8:6$% bX]!;

S?0440/)6)01%-3%a%(01($463$8%b%,3%a%40+6)23$%b%$/6%&+4+6+$%',)16$/%B0)/%4,&%A$17$1)/6$

-,1/%/$/%',13/(&)6/%-$%40+6)23$%h%103/%8$%7$&&01/%483/%80)1;%K$%23$%8?01%&$',&23$>%,3P

-$8\%-3%/3&5)//$'$16%)()%-?31%4&040/%/3&%A,3-$8,)&$>%(?$/6%($66$%/+',16)23$%-3%4&04&$%h

(0''$% A$17$1)/6$% 8?+(&)6% 483/% 9,36% a%8?,&6% 1?$/6% C,',)/% )()% 23?31$% v37&$% -?,&6

4,&6)(38):&$>%0g% 8?,&6)/6$% )1/6,3&$% 8)@&$'$16%-$/%0440/)6)01/%$6%-$/%7,8$3&/%-016% )8% C03$

$1% 6036$% /037$&,)1$6+>% 1?,H,16% 1)% -$% s&+401/$t% \% ,66$1-&$>% 1)% -$% (016&,-)(6)01% \

+8)')1$&>%',)/%/$38$'$16%31$%7)/)01%\%$[4&)'$&%b%k4;%Y^m;%G,&%4,&$169:/$>%01%106$&,%-$

1037$,3%($66$% )-+$%23$% 8?,&6%1?,66$1-%4,/%-$%&+401/$%h% 8$%()&(3)6%-$% 8,%(0''31)(,6)01

k80(36$3&P)16$&80(36$3&>%'$//,5$P&+401/$m%/?$BB01-&$%-$7,16%31%40:'$%h%($%23$%=*-'%31

40:'$%(?$/6%6036%,36&$'$16%-?)17$16$&%/01%8$(6$3&>%(?$/6%31$%(0''31)(,6)01%-?31%0&-&$

6036%,36&$>%31$%2&77/"-2*'-&"#$&5'-4/(;

S$%4&0@8:'$%-$%8?,&6%$/6%1$66$'$16%40/+%-,1/%a%Q+')0805)$%-$%8,%8,153$%b>%',)/

90&')/%($66$%&+B8$[)01%/3&%A,3-$8,)&$>%)8%/$'@8$%23$%8,%23$/6)01%-3%8,15,5$%40+6)23$>%8,

23$/6)01% -3% 40:'$>% $/6% (0''$% ,@/$16$;% F1% B,)6>% ($% 1?$/6% 4,/% -3% 6036% 8$% (,/;% D3

(016&,)&$>%101P4&0101(+$P101P63$>%8,%23$/6)01%$/6%8\;%L,44$801/%8$%4,//,5$%23)%4&+(:-$

8,% B0&'38,6)01% -?31$% /+')0805)$% -$% 8,% 8,153$% k\% /,70)&% 23$% 8,% 8,153$% $/6% 8$% /$38

)16$&4&+6,16%-$/%,36&$/%/H/6:'$/%-$%/)51$/>%H%(0'4&)/%-?$88$P'e'$%m%h%A$17$1)/6$%+(&)6%M

f1% 4$36% -01(% -)/6)153$&% 8$/% /H/6:'$/% 0g% 8,% /)51)B),1($% $/6% )'4&)'+$% 4,&% 8?,36$3&% \8?v37&$%$6%8$/%/H/6:'$/%0g%8,%/)51)B),1($%$/6%$[4&)'+$%4,&%8$/%+8+'$16/%4&$')$&/%\%8?+6,6)/08+>% )1-+4$1-,''$16% -$/% 8),)/01/% 23?)8/% 4$37$16% (016&,(6$&;% .,1/% 8$/% 4&$')$&/>% 8,/)51)B),1($%/$%-+5,5$%-$/%&$8,6)01/%23)%0&5,1)/$16%31%'01-$%(80/>%-,1/%8$/%/$(01-$/%$88$$/6% )19+&$16$% ,3[% /)51$/% $3[P'e'$/;%S,% /)51)B),1($% -$% 8?,&6% 1$% &$170)$% -01(% C,',)/% \31$%(017$16)01% )-$16)23$'$16% &$T3$%$16&$%4,&6$1,)&$/;% J8% B,36%$1%-+(037&)&%(9,23$% B0)/8$/%6$&'$/>%23)%/016%)88)')6+/%$1%10'@&$>%)'4&+7)/)@8$%$1%1,63&$>%-01(%\%&+)17$16$&%403&(9,23$%v37&$>%@&$B%)1,46$/%\%/$%B)[$&%$1%31$%)1/6)636)01;%S,%/)51)B),1($%-$%8,%8,153$>%,3(016&,)&$>% $/6% 8,% /)51)B),1($% 'e'$>% B01-,16% 8,% 40//)@)8)6+% -$% 6036% +(9,15$% $6% -$% 6036$(0''31)(,6)01>%4,&P8\%-$%6036$%(3863&$;X]"

S?9),63/% 23)% /$'@8$% (80&$% ($% 4,&,5&,49$% É% 8?,&6% $6% 8$% 8,15,5$% /016% (0''$% -$/

31)7$&/% -)/6)1(6/% $6% -)/(016)13/% X]X% É% 037&$% /3&% 8,% B0&'38,6)01% -$% 8,% 8,153$% (0''$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X]!%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`];X]"%IO-,;%4;%Y^P`Z;X]X%K0''$%)8%H%,3&,%31%9),63/%k($%/$&,%8$%6$&'$%-$%A$17$1)/6$m%$16&$%8$%/)51$%$6%8,%49&,/$%-,1/%8,%B)1%-$8?,&6)(8$%M%a%F1%&+,8)6+%8$%'01-$%-3%/)51$%$/6%(80/;%.3%/)51$%\%8,%49&,/$%)8%1?H%,%4,/%-$%6&,1/)6)01>%1)%4,&/H16,5',6)01%1)%,36&$'$16;%U1%9),63/%8$/%/+4,&$%b;%k4;%`Ym;%L$',&2301/%23$%%8$%a%'01-$%(80/%b%-$8?v37&$%-?,&6%23$%103/%0@/$&7)01/%4&+(+-$''$16%1?,%4,/%8,%'e'$%7,8$3&%-$%(8w63&$%23?)()%h%a%8$%'01-$-3%/)51$%$/6%(80/%b>%(?$/6%4$36Pe6&$%-+C\%31%,3%&$70)&%\%($66$%7)$)88$%8)153)/6)23$%-3%/)51$>%',)/%(?$/6%,3//)8,%(&)6)23$%-3%/6&3(63&,8)/'$%$6%-$%/,%(8w63&$;%D3%(016&,)&$>%80&/23$%A$17$1)/6$%4,&8$%-$%8?v37&$%-?,&6

Marcelo

]YY

31)23$%)16$&4&+6,16%-$%603/%8$/%/H/6:'$/%-$%/)51$/>%(0''$%)16$&4&+6,16%-$%8?,&6%M%a%U1$

(90/$%,3%'0)1/%$/6% /c&$%M% ,3(31$%/+')0805)$%-3% /01>%-$% 8,% (038$3&>%-$% 8?)',5$%1$% /$

B0&'38$&,% $1% /01/>% $1% (038$3&/>% $1% )',5$/;% O036$% /+')0805)$% -?31% /H/6:'$% 101P

8)153)/6)23$%-0)6%$'4&316$&%8$%6&3(9$'$16%-$%8,%8,153$>%1$%4$36%-01(%$[)/6$&%23$%4,&%$6

-,1/% 8,% /+')0805)$% -$% 8,% 8,153$;% ~�Ä% 8,% 8,153$% $/6% 8?)16$&4&+6,16% -$% 603/% 8$/% ,36&$/

/H/6:'$/>% 8)153)/6)23$/% $6% 101P8)153)/6)23$/%bX]Y;% f&>% 23$823$% (90/$% -?,36&$% ,44,&,{6

)()%-,1/%($66$%6$1/)01%$16&$%,&6%$6%8,15,5$>%(?$/6%/)'48$'$16%8,%23$/6)01%-3%40:'$>%-3

8,15,5$% 40+6)23$;% K?$/6% 8$% 4&0@8:'$% 23$% /$% 40/$% A$17$1)/6$% -,1/% /,% 40+6)23$% -$

A,3-$8,)&$%M%23?$/6P($%23$%($66$%8,153$%23)%$/6%\%8,%B0)/%-,1/%8,%8,153$%0&-)1,)&$%$6%$1

'e'$%6$'4/%6036%\%B,)6%31)23$%$6%1037$88$%p%K0''$16%8,%4$1/$&%p%F6%23$8%$1C$3%($66$

40+6)23$%4&0-3)&,P6P$88$%/3&%8?,44&0(9$%-3%8,15,5$%0&-)1,)&$%p

.,1/%31%@&03)8801%23)%4&+4,&$%8?+(&)63&$%-$%8?,&6)(8$%a%Q+')0805)$%-$%8,%8,153$%b>

01%6&037$%8,%(01B)&',6)01%-$%106&$%)163)6)01>%A$17$1)/6$%/$%40/,)6%@)$1%8,%23$/6)01%-3

40:'$% \% ($% '0'$16% -$% /,% &+B8$[)01;% D80&/% 23?)8% 1$% '$16)011$% 4,/% 8,% 23$/6)01% -3

40:'$%-,1/%8,%7$&/)01%B)1,8$>%$6%23$%8?0440/)6)01%/$'@8$%e6&$%40/+$%$16&$%8,%8,153$%$6

8$/%,&6/% 6$8/% 8,%4$)163&$>% 8,%'3/)23$>%01% 6&037$%-,1/%31$%7$&/)01%',13/(&)6$%31$%106$

(01($&1,16% 4&+()/+'$16% 8$% 40:'$% 03% 4836w6% /01% ,44&0(9$% 4,&% 31$% a%/+')06)23$

8)66+&,)&$%b%6$88$%23?$88$%-$7&,)6%4$36Pe6&$%/$%&$1037$8$&%\%4,&6)&%-?31$%-+B)1)6)01%-$%8?,&6>

(0''$%+(9,44,16%\%31$%(017$16)01%M

~Rr_Ä<*#3*"./(#()'#3*#)-."-=-2*'-&"#7o7(0K$%23$%8?,&6%4$36%'016&$&%($%/016%-yS$/%&$8,6)01/%/)51)B),16$/%-$%8?,&6%/016%\%-+(037&)&%\8?)16+&)$3&%-$%8,%(0'40/)6)01%,&6)/6)23$%h%(,&%8?,&6%)()>%$/6%8?v37&$%-?,&6>%$6%-,1/%8?v37&$8?,&6)/6$%)1/6)63$%-$/%0440/)6)01/%-016%)8%$/6%',{6&$o%C$3[%-$%(038$3&>%-)/6&)@36)01%-$83'):&$%$6%-?0'@&$/>%)1-+4$1-,''$16%-$/%/)51)B)(,6)01/%23)~RrVÄ&$//0&6)//$16%,3%a%/3C$6%b%6&,)6+;=,)/%-$%($66$%0&5,1)/,6)01%/)51)B)(,6)7$%23$%8?,&6)/6$%)'4&)'$%-,1/%/01%v37&$>%103/%1$403701/%&)$1%(0'4,&$&%\%8,%8,153$>%23)%$/6%8,%/)51)B)(,6)01%'e'$;f1%4$36%-01(%-)/6)153$&%8$/%/H/6:'$/%0g%8,%/)51)B)(,6)01%$/6%)'4&)'+$%4,&%8?,&6)/6$%\8?v37&$>%$6%8$/%/H/6:'$/%0g%8,%/)51)B),1($%$/6%$[4&)'+$%4,&%8$/%&$8,6)01/%1+($//,)&$/;~Rr^Äf3%')$3[%MS$%/H/6:'$%-$%8,%/)51)B)(,6)01%,&6)/6)23$%$/6%8$%/H/6:'$%23)%/?+101($%\%8?)16+&)$3&%-?31$(0'40/)6)01%B$&'+$%$6%4,&%31%C$3%-?0440/)6)01/%23$%8?,&6)/6$%0&5,1)/$%8)@&$'$16%~l06$%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%(0''$%-?31%a%'01-$%(80/%b>%(?$/6%8?)-+$%23$%8?v37&$%-?,&6%4&0-3)6%603C03&/%31%/H/6:'$%23)%$/6%4&04&$;=,)/%-?31$%(8w63&$%\%8?,36&$>%)8%$/6%)16+&$//,16%-$%&$',&23$&%8,%&$4&)/$%-$%($66$%B0&'38$%4,&%-$3[%B0)/%-,1/($6%,&6)(8$;X]Y%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`Z;

Marcelo

]Y`

C$%1$%7$3[%4,/%-)&$%a%,&@)6&,)&$'$16%b%403&%1$%4,/%,((&0{6&$%8,%(01B3/)01%,7$(%8$/~/+23$88$/Ä%-$%8,%-+B)1)6)01%/,3//3&)$11$Ä%(01/()$''$16~Rr]ZÄ03%101;~J8%B,3-&,)6%70)&%/)%8,%/+')06)23$%8)66+&,)&$%1$%/$&,)6%4,/%$88$%,3//)%&$8$7,16$%-$%8,%'e'$(01-)6)01%M%)8%1?H%,3&,)6%483/%,80&/%\%/$%40/$&%-$%23$/6)01/%/3&%8,%/)51)B)(,6)01%0@C$(6)7$%h8,%70)$%/$&,)6%037$&6$%7$&/%31%,36&$%6H4$%-?,1,8H/$;Ä%K$66$%/+')06)23$%1?$/6%4,/~Rr]]Ä31%/H/6:'$%B)[$>%31$%(017$16)01;%J8%B,36%8,%$1%-+(037&)&%(9,23$%B0)/%8$/%6$&'$/>%23)%/016)88)')6+/%$1%10'@&$>%)'4&+7)/)@8$/%$1%1,63&$>%-01(%\%&+)17$16$&%(9,23$%B0)/%>%@&$B%6036%\8?0440/+%-?31$%)1/6)636)01X]`

f1% 70)6% 23$% (?$/6% (0''$%)16$&&05,6)01% 23?,&&)7$% 8$% 4&0@8:'$% -3% 40:'$>% a%I3

=*/,%*-'#9&-%#)-#8,%/+')06)23$%8)66+&,)&$%1$%/$&,)6%4,/%~�Äb;%Q)%8?,&6%)17$16$%\%(9,23$%B0)/

/,%/)51)B),1($%ka%8?,&6%1?$/6%C,',)/%)()%23?31$%v37&$%-?,&6%4,&6)(38):&$%bm>%/?)8%+(9,44$%\

8,% (017$16)01>% ,80&/% 4$36Pe6&$% 8?,44&0(9$% -$% 8,% a%/+')06)23$% 8)66+&,)&$%b% 403&&,% e6&$

&$1037$8+$%M% a%)8% 1?H% ,3&,)6% 483/% ,80&/% \% /$% 40/$&% -$% 23$/6)01/% /3&% 8,% /)51)B)(,6)01

0@C$(6)7$%h% 8,% 70)$% /$&,)6% 037$&6$% 7$&/% 31% ,36&$% 6H4$% -?,1,8H/$%b;% S?,&6% ,)1/)% 23$

A$17$1)/6$% 8$%-+B)1)6% +(9,44$%\% 8,%-)'$1/)01%-3%a%/$1/%b>% 23)% $/6% 8,%-)'$1/)01%-$% 8,

(017$16)01%B)[+$;%K$%23?01%4$36%)',5)1$&%,80&/%(?$/6%23$%a%($6%,36&$% 6H4$%-?,1,8H/$%b

($% /$&,)6% 31$% 40+6)23$>% 8,% 6&,1/B0&',6)01% -3% &$5,&-% )'48)23+$% 4,&% 8?v37&$% -?,&6;

A$17$1)/6$%+(&)6%,)1/)%\%4&040/%-$% 8?,&6%a%J8% B,36%$1%-+(037&)&%(9,23$% B0)/% 8$/% 6$&'$/>

23)% /016% )88)')6+/%$1%10'@&$>% )'4&+7)/)@8$/%$1%1,63&$>%-01(%\% &+)17$16$&%403&%(9,23$

v37&$>% @&$B% )1,46$/% \% /$% B)[$&% $1% 31$% )1/6)636)01%bX]_;% f1% &$(011,{6% 8?0440/)6)01% 23$

A$17$1)/6$%40/$&,>%-,1/%/$/%',13/(&)6/%/3&%A,3-$8,)&$>%$16&$%8$%a%8,15,5$%40+6)23$%b%$6

8$% a%8,15,5$% 0&-)1,)&$%b>% $16&$% ($% 23)% B,)6% 8?9)/60)&$% $6% ($% 23)% B,)6% 8,% (017$16)01%h% 01

,3&,)6% -+C\% )()% $17)$% -$% /$% -$',1-$&% /)% ($8,% )16+&$//$% A$17$1)/6$% -$% 4$1/$&% 23$% 8,

8,153$%a%=-N(% 31$% )1/6)636)01%b;%K$% 6$&'$%a%B)[$&%b%,% $1%5+1+&,8%-,1/% /01%+(&)63&$%31$

7,8$3&%1+5,6)7$%h%($%23)%$/6%B)[+>%(?$/6%($%23)%1$%B,)6%4,/%8?9)/60)&$>%($%23)%$/6%,&&e6+%k01

&$',&23$%4,&%$[$'48$%($66$%7,8$3&%-,1/%8?,&6)(8$%/3&%8,%106)01%-$%a%&H69'$%b%80&/23?)8

+(&)6%23?,7$(%G8,601%a%8,%106)01%-$%&H69'$%$/6%B)[+$%bX]V>%,80&/%23?)8%1?H%,%&)$1%-$%'0)1/

B)[$%23$%8$%&H69'$%6$8%23?)8%7)$16%-$%8$%&$-+(037&)&;%G,&%4,&$169:/$>%01%&$',&23$%-,1/

8?,&6)(8$%a%S?$[4&$//)01%)1-0P$3&04+$11$%-$%8?s+6$&1)6+t%b>%43@8)+%$1%]^"_>%31$%49&,/$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X]`%=,13/(&)6/%-$%8?,&6)(8$%a%Q+')0805)$%-$%8,%8,153$%b>%=,13/(&)6/%(01/$&7+/%\%8,%A)@8)069:23$%1,6)01,8$-$%R&,1($%,3%-+4,&6$'$16%-$/%=,13/(&)6/%0&)$16,3[>%/03/%8,%(06$%GDG;%fL;>%.01%Z`;]Y>%G0(9$66$%`>%a%FAS"%b%k106$%-$%*$0&5$/%L$-,&-m>%a%-)/(03&/%/H'40/)3'%G08051$%b;%k01%6&037$%-,1/%8?,&(9)7$%-$A$17$1)/6$%483/)$3&/%/+&)$/%-$%',13/(&)6/%-$%8?,&6)(8$%a%Q+')0805)$%-$%8,%8,153$%bm;X]_%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`Z;X]V%F')8$%A$17$1)/6$>%a%S,%106)01%-$%Å&H69'$Å%-,1/%/01%$[4&$//)01%8)153)/6)23$%b>%k]^YVm>%)1%K%&O3;7(),(#3-"./-)'-4/(#.5"5%*3(>%4;%""Y;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo

]Y_

23)% B01(6)011$% -$% 8,% 'e'$% ',1):&$% $6% 23)% ,&&)7$% 4,&$)88$'$16% -,1/% 8,% 6036$% B)1% -3

6$[6$%M% a%S,% (017$&/)01% $/6% ,(9$7+$%bX]^>% ,80&/% 23$% 8?+6$&1)6+>% 8? % -016% )8% 7)$16% -$

4,&8$&%$/6%31%603C03&/%-$7$1)&%$6%1$%(011,{6%4&+()/+'$16%4,/%-?,(9:7$'$16;%F1%6036%(,/>

)8%'$%/$'@8$%23$% 80&/23$%A$17$1)/6$%+(&)6%\%4&040/%-$% 8?,&6%23?a%)8% B,36%$1%-+(037&)&

(9,23$% B0)/% 8$/% 6$&'$/>%23)% /016% )88)')6+/%$1%10'@&$>% )'4&+7)/)@8$/%$1%1,63&$>%-01(%\

&+)17$16$&%403&%(9,23$%v37&$>%@&$B% )1,46$/%\%/$%B)[$&%$1%31$%)1/6)636)01%bX!Z>% )8%$/6%-3

(w6+%-$% 8?,&6>%-3%(w6+%-3%/+',16)23$>%-3%(w6+%-$% 8,%-+(037$&6$;%G,&($%23?)8%1?H%,%4,/

-?0440/)6)01% $16&$% 8,% 8,153$% $6% 8?,&6>% $6% A$17$1)/6$% 8$% '016&$>% )8% '016&$% 23$% 8?,&6

6&,1/B0&'$%8,%4$1/+$%-3%8,15,5$;%.$%8,%'e'$%',1):&$>%$6%01%8$%7$&&,%483/%80)1>%)8%1?H%,

4,/%-,1/%8$/%',13/(&)6/%/3&%A,3-$8,)&$%-?0440/)6)01%$16&$%8$%a%8,15,5$%0&-)1,)&$%b%$6%8$

a%8,15,5$%40+6)23$%b%h%8$%a%8,15,5$%40+6)23$%b%B,)6%8,%(&)6)23$%-3%a%8,15,5$%0&-)1,)&$%b>

)8%$/6%8$%4&0C$6%-?31$%69+0&)$%-3%8,15,5$%23)%/$%(01/6)63$%\%4,&6)&%-3%40:'$>%\%4,&6)&%-$

A,3-$8,)&$;

Q)% -,1/% 8?,&6)(8$% 43@8)+>% 8,% 23$/6)01% -3% 40:'$% 1?,44,&,{6% 483/% /)% $[48)()6$'$16>

$88$%$/6%@)$1%8\>%-,1/%8?,44,&$16%9),63/%$16&$%,&6%$6%8,15,5$>%23)%$1%B,)6%$/6%31%4&0@8:'$

40/+>% \% 230)% 8$% 40:'$% &+401-;% a%S,% /)51)B),1($% -$% 8,% 8,153$>% ,3% (016&,)&$>% $/6% 8,

/)51)B),1($%'e'$>% B01-,16% 8,%40//)@)8)6+%-$% 6036% +(9,15$% $6% -$% 6036$% (0''31)(,6)01>

4,&P8\% -$% 6036$% (3863&$%b>% -+B)1)6)01% -,1/% 8,23$88$% $/6% )'48)23+% 8$% 40:'$;% K?$/6% 8$

40:'$%23)%4$&'$6%-$%4$1/$&%$1/$'@8$%8?,&6%$6%8$%8,15,5$>%4,&($%23$%8$%40:'$%&+)17$16$

8,% /)51)B),1($% -$% 8,% 8,153$>% 23?)8% B,)6% 8?9)/60)&$;%K$()% $/6% \% 106$&%M% (?$/6% -$% 8,% 6$1/)01

$16&$% 8?,&6% $6% 8$% 8,15,5$% 23$% 1,{6% 8,% B0&'38,6)01% -?31$% /+')0805)$% -$% 8,% 8,153$;% f1

&$4$1/$%)()%\%R&,1I%A0,/%23)%-)6%k8,%-)/(3//)01%$/6%,80&/%($88$%-$%8?)1(01/()$16%-,1/%8$

8,15,5$%$6%-,1/%8$/%49+10':1$/%$6910805)23$/m>%23$%8$/%a%49+10':1$/%$6910805)23$/%b

k(':"&3&.-2*3# $:("&7("*m% B016% /?+8$7$&% -$/% a%&,)/011$'$16/% /$(01-,)&$/% $6% -$/% &+P

)16$&4&+6,6)01/%b%k.-9(#%-)(#'&#)(2&",*%Q#%(*)&"-".#*",#'&#%(`-"'(%$%('*'-&")%X!]m>%($3[P

()>%-+48,T,16%8$%/H/6:'$>%&$1037$8,16%8$%a%49+10':1$%b>%+6,16%8)153)/6)23$/;

S?,&6)(8$% a%Q+')0805)$% -$% 8,% 8,153$%b% /$% -011$% (0''$% 31% -+4,//$'$16% -$% 8,

8)153)/6)23$% -3% /)51$% k23$%A$17$1)/6$% -)6% a%/,3//3&)$11$%b>%',)/% -016% 01% /,)6% @)$1% \

23$8%40)16%$88$%$/6%-,7,16,5$%/6&3(63&,8)/6$%23?)//3$%-$%Q,3//3&$m;%A$17$1)/6$%$/6%-+C\

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X]^%F')8$%A$17$1)/6$>%a%F[4&$//)01%)1-0P$3&04+$11$%-$%8?%Å+6$&1)6+Å%b>%)1%8/33('-"#,(#3*#>&2-5'5#,(<-"./-)'-4/(#,(#K*%-)>%"V>%B,/()(38$%]>%1r]]!>%]^"_>%4;%]]!;X!Z%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`Z;X!]%R&,1I%A0,/>%I"'%&,/2'-&"#'&#<,1-@00d%0B%D'$&)(,1%J1-),1%S,153,5$/>%U1)7$&/)6H%0B%l$@&,/d,%G&$//>S)1(081%$1-%S01-01>%]^``%4;%`";%S$%6$[6$%4,&,{6%\%8?0&)5)1$%$1%]^]]%-,1/%8$%8/33('-">%UW>%-3%A3&$,3%0BD'$&)(,1%F6910805H;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo

]YV

,3P-$8\>% @)$1% 23$% /,% &+($46)01% -$% Q,3//3&$% /0)6% $1% 4,&6)$% ($88$% -$% /01% +4023$;

A$17$1)/6$%$/6%,7$(%$6%,4&:/%Q,3//3&$>%)8%$1%403&/3)6%8$%4&0C$6>%-016%)8%,%8?)163)6)01;

S$%4&0C$6%-$%A$17$1)/6$%$/6%31$%/+',16)23$%h%8?31)6+%-$%/,%8)153)/6)23$%1?$/6%483/

8$%)-."(%',)/%8,%$:%*)(%h%/01%4&0C$6%$/6%,3//)%($83)%-?31$%40+6)23$>%-016%01%,4$&T0)6%31$

1037$88$%B0)/%8,%B0&'38,6)01%-,1/%8,%6036$%B)1%-$%8?,&6)(8$>%$6%&$',&2301/%$1(0&$%23$%8$

&$1037$88$'$16%-$% 8?,44&0(9$%-3% 8,15,5$%23$%A$17$1)/6$%$16&$4&$1-% )()% $/6% )'48)23+

4,&%8$%40:'$%M

F1%(01(83/)01>% )8% B,36%-+4,//$&% 8,%106)01% /,3//3&)$11$%-3% /)51$% (0''$%4&)1()4$31)23$>% -016% -+4$1-&,)$16% \% 8,% B0)/% 8,% /6&3(63&$% $6% 8$% B01(6)011$'$16% -$% 8,% 8,153$;%K$-+4,//$'$16%/$%B$&,%4,&%-$3[%70)$/%M

u%-,1/%8?,1,8H/$%)16&,P8)153)/6)23$>%4,&%8?037$&63&$%-?31$%1037$88$%-)'$1/)01%-$/)51)B),1($>% ($88$% -3% -)/(03&/>% 23$% 103/% ,44$801/% /+',16)23$>% -+/0&',)/% -)/6)1(6$% -$($88$%23)%$/6%8)+$%,3%/)51$>%$6%23)%/$&,%/+')06)23$%h

u%-,1/%8?,1,8H/$%6&,1/8)153)/6)23$%-$/%6$[6$/>%-$/%v37&$/>%4,&%8?+8,@0&,6)01%-?31$'+6,/+',16)23$%23)%/$%(01/6&3)&,%/3&%8,%/+',16)23$%-$%8?+101(),6)01;

K$% /$&,% 31$% /+')0805)$% -$% a%-$3[):'$% 5+1+&,6)01%b>% -016% 8$/% )1/6&3'$16/% $6% 8,'+690-$% 403&&016% ,3//)% (01(03&)&% ,3% -+7$8044$'$16% -$/% ,36&$/% @&,1(9$/% -$% 8,/+')0805)$%5+1+&,8$;X!!

K$/%a%-$3[%70)$/%b%1$%/016%4,/%-$/%70)$/%4,&,88:8$/>%01%1$%-0)6%($&6,)1$'$16%4,/

$//,H$&%-$%8$/%(0'4&$1-&$%03%-$%8$/%$17)/,5$&%/+4,&+'$16;%D3%(016&,)&$>%A$17$1)/6$%H

'016&$% 31$% -)'$1/)01% 1037$88$% $6% 1+($//,)&$% 403&% 8,% &+B8$[)01% /3&% 8$% 8,15,5$>% 31$

-)'$1/)01% 9)/60&)$11$% $6% 93',)1$;% l03/% -)&)01/% 4$36Pe6&$% ,7$(% 10/% (01($46/% -$

',)16$1,16% 23$% ($% 23$% A$17$1)/6$% )1-)23$>% (?$/6% 8,% 1+($//)6+% 403&% 31$% 8)153)/6)23$

-?e6&$% 31$% *"':%&$&3&.-(# :-)'&%-4/(# ,/# 3*".*.(;% S$/% -$3[% 70)$/% 23$% A$17$1)/6$

4&+/$16$% /3(($//)7$'$16% B016% -,7,16,5$% 23$% /?)'48)23$&>% $88$/% /$% (01B01-$16

606,8$'$16%h% )8% 1?H% ,% 4,/% -?,1,8H/$% )16&,P8)153)/6)23$% 23)% 1$% /0)6% $1% 'e'$% 6$'4/

6&,1/8)153)/6)23$>%4,/%-$%/+',16)23$%23)%1$%/0)6%$1%'e'$%6$'4/%31$%'+6,/+',16)23$;

.$%8?)16&,P8)153)/6)23$%,3% 6&,1/8)153)/6)23$>% 8$%4,//,5$%1?$/6%4,/%-3%')(&0/(04)23$%,3

',(&0/(04)23$>% -3% '+&)/'$% \% 31$% 580@,8)6+% -$% 6$[6$/;% f1% 4$36% ,70)&% 31% &$5,&-

6&,1/8)153)/6)23$% /3&% 31% -+6,)8>% ($% 23)% )'40&6$% (?$/6% 8$% &$5,&-;% F6% ($% &$5,&-% $/6

4&+()/+'$16%\%8,%&$(9$&(9$%-3%4,&6)(38)$&>%-$%($%23)%B,)6%8?9)/60)&$;

K$66$%'+6,/+',16)23$%k/+',16)23$%-?31$%/+',16)23$m%a%23)%/$%(01/6&3)&,%/3&% 8,

/+',16)23$%-$% 8?+101(),6)01%b>% $/6% /$801%'0)>% \% 8,% B0)/% 8,% -+(037$&6$% -$% /+',16)23$/

4,&6)(38):&$/>%(0''$%4,&%$[$'48$%8,%/+',16)23$%-$%A,3-$8,)&$%k(?$/6P\P-)&$%a%8,%8,153$

-$% A,3-$8,)&$%bm>% ($% 23)% )'48)23$% 31$% (3863&0805)$%h% $88$% $/6% $1% 'e'$% 6$'4/% 8,

Marcelo

]Y^

-+(037$&6$%$6% 8,% 6&,1/B0&',6)01%-3%40)16%-$%73$%23)%0&5,1)/$% 8,%7)/)01>%4,&% 8?,1,8H/$;

K?$/6% ($% 23)% B,)6>% -?,4&:/% '0)>% 23?31$% )57*"'-4/(% /$% (01/6)63$% 603C03&/% 4,&% 31$

)57*"'-4/(#,(%M%4,&%$[$'48$>%a%8,%3*"./(#,(%A,3-$8,)&$%b;%f1%4$1/$%,3%6&,7,)8%-?<$1&)

=$/(9011)(% 0g% 3*# $&5'-4/(% /?)17$16$% -,1/% 8,% -+(037$&6$% -$% $&5'-4/()# $*%'-2/3-;%()>

40+6)23$% -$%<350>% -$%=,88,&'+%�%F1% 230)% 31% 6$[6$% $/6% /01% 9)/60&)()6+X!">% 43)/23?)8

(016)13$% \% 6&,1/B0&'$&% $6% \% )17$16$&% 8$% &$5,&-% -$% /01% 8$(6$3&;% >57*"'-4/(% $6

75'*)57*"'-4/(% (9$I%A$17$1)/6$% ,44,&,)//$16% )()% /H101H'$%-$%$&5'-4/(;%K?$/6% ,3//)

A$17$1)/6$%23)%103/%B,)6%(0'4&$1-&$%($%&$(037&$'$16;%.,1/%31%-$/%',13/(&)6/>%0g%)8

-)/6)153$% A,3-$8,)&$% $6% =,88,&'+>% )8% B,)6% $1% $BB$6% /$% (0&&$/401-&$% 8$/% -$3[% 6$&'$/>

a%/+',16)23$%b%$6%a%40+6)23$%b>%/03/%8,%B0&'$%-?31$%)16$&&05,6)01%M

K$%/016%-01(%$1%&+,8)6+%-$3[%,66)63-$/%0440/+$/;F88$/%/$%/+4,&$16%/3&%31%40)16%$//$16)$8%\%'$66&$$1%83'):&$%M%/3&%($%23$%C?,44$88$&,)%8,%5&,'',)&$/+',16)23$%k03%40+6)23$%pm;X!X

<$1&)%=$/(9011)(>%-,1/%/01% 6$[6$%a%A$17$1)/6$%M% /+',16)23$%/,1/% /+')06)23$%b

k23)% -011$% /3)6$% \% /01% )16$&7$16)01% ,3% K088023$% -$% K$&)/H% $1% ]^^Ym%,% 8$% /$16)'$16

+5,8$'$16%23$%8$%4&0C$6%23$%A$17$1)/6$%40/$%\% 8,%B)1%-$%a%Q+')0805)$%-$%8,% 8,153$%b>

$/6%8$%4&0C$6%-?31$%40+6)23$>%-?31$%40+6)23$%23?)8%1?,%4,/%+(&)6$>%',)/%23)%,%/,%48,($;%f1

4$36%',)16$1,16>%\%8,%83'):&$%-$/%',13/(&)6/%/3&%A,3-$8,)&$>%31%4$3%13,1($&%($%4&040/>

$6%/,1/%-036$%&$-)&$%23$%80&/23$%A$17$1)/6$%+(&)6%a%Q+')0805)$%-$%8,%8,153$%b>%)8%,%-+C\

+(&)6% 31$% 6&:/% 80153$% &+B8$[)01% /3&% A,3-$8,)&$>% 23?)8% ,% +(&)6% ($66$% 40+6)23$;% f1% 4$36

&$-)&$% 23$% 8?,&6)(8$% a%Q+')0805)$% -$% 8,% 8,153$%b% $/6% 1+% 4$36Pe6&$% -3% 6&,7,)8% /3&

A,3-$8,)&$>% 03% -3% '0)1/% 23?)8% 1?,3&,)6% 4,/% +6+% 40//)@8$% /,1/;% i0)()% $1% 6036% (,/>% ($

23?<$1&)%=$/(9011)(%+(&)6>%$6%23)%&$/6$% C3/6$>%4,&($%23?)8%$/6%7&,)%23$%A$17$1)/6$%4,&

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X!!%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%!>%4;``;X!"D3% /$1/% -?<$1&)% =$/(9011)(% $6% -$% *+&,&-% .$//01/;% i0)()% 8,% ',1):&$% -016% )8/% -+B)1)//$168?a%9)/60&)()6+%b% -,1/% 8$% 580//,)&$% -3%R%*â'5# ,/# %Q':7(%M% a%8!%'$+!#!'.%u% Q3&% 8$% 48,1% -$% 8,% 69+0&)$% -38,15,5$%$6%-$%8,%8)66+&,63&$>%8$%/6,636%(016&,-)(60)&$%$16&$%31$%/)63,6)01%9)/60&)23$%-011+$>%23)%$/6%603C03&/8,%()&(01/6,1($%-?31$%,(6)7)6+>%$6% 8,%(,4,()6+%-$%($66$%,(6)7)6+%\%/0&6)&% )1-+B)1)'$16%-$/%(01-)6)01/%-$%/,4&0-3(6)01%$1%(016)13,16%-?,70)&%31$%,(6)01>%$6%-?e6&$%(016)13$88$'$16%4&+/$16$%\%-$/%4&+/$16/%1037$,3[;Q?0440/$%\%3A:-)'&%-2-)7(>%-+B)1)%(0''$%31$%&+-3(6)01%-3%/$1/%,3[%(01-)6)01/%-$%4&0-3(6)01%-3%/$1/%M(0''$%8)')6$&%8$%/$1/%-$/%4):($/%-$%L,()1$%,3%/$1/%-$/%'06/%(9$I%L,()1$;%S?:-)'&%-2-'5%$/6%31%+8+'$16)'4&+-)(6)@8$;% F88$% $/6% 8,% /4+()B)()6+%'e'$% -?31$%v37&$% 8)66+&,)&$>% $6% ($% 23)% /$38% &$1-% (0'46$% 23?$88$(016)13$%\%e6&$% 83$;%F88$%/3440/$%31$% 69+0&)$%-3%/3C$6%-3%40:'$;%G,&% 8\%$88$%'016&$% 8,%1+($//)6+%-?31$69+0&)$%-3%-)/(03&/>%$6%-?31$%69+0&)$%-$%8,%8)66+&,63&$>%403&%8$/%,36&$/%-)/()48)1$/%23)%016%,BB,)&$%\%8,%106)01-$% /$1/;% S?9)/60&)()6+% $/6% 8$% 8)$1% $6% 8,%',6):&$% -$% 8,% 7,8$3&>% $6% 8?0@C$6%'e'$% -$% 8,% 40+6)23$;%b>%*+&,&-.$//01/>%<$1&)%=$/(9011)(>%a%*80//,)&$%b>%)1%R%*-'5#,/#%Q':7(>%.310->%G,&)/>%]^^V>%4;%!"XX!X%8FGH1<FID1>%!!>%Br`_%o%Br"]^;

Marcelo
Marcelo
Marcelo

]`Z

603/%/$/%6&,7,3[>%23,1-%@)$1%'e'$%)8%1?,3&,)6%4,/%+(&)6%($%6&,7,)8%\%4,&6)&%-$%A,3-$8,)&$>

&$1-,)6%31$%40+6)23$%40//)@8$>%6036%(0''$%Q,3//3&$%M

K?$/6% /3&% ($66$% 70)$% ~8,% /$(01-$Ä% 23$% C$% /)63$% 8,% 40+6)23$% -3% &H69'$;% F88$% $/6/$38$'$16%,1101(+$%4,&%A$17$1)/6$%(0''$%31%,7$1)&%-$% 8,% 69+0&)$;% #$%1?,)%4,/%73>%-3'0)1/% -,1/% 8$/% 6$[6$/% 23?01% (011,{6% -$% 83)>% 23?)8% H% /0)6% &$7$13;% F1% ]^`^>% /01% v37&$/?,&&e6,16>%a%Q+')0805)$%-$% 8,% 8,153$%b%&$/6$%31%4&05&,''$%B363&;%=,)/>%(0''$%B,)/,)6Q,3//3&$>%($%23)%1?$/6%4,/%$1(0&$%-+(037$&6%$/6%4&+73>%/,%48,($%$/6%8\;X!Y

D%4&040/%-3%6$&'$%a%'+6,/+',16)23$%b>%01%106$&,%23$%A$17$1)/6$%4,&8$%31%4$3

483/%6w6%-,1/%8?,&6)(8$%-$%a%B,(386+%'+6,8)153)/6)23$%b%M%$6%-?31%6$&'$%\%8?,36&$>%(?$/6%8$

'e'$% a%'+6,P%b% 23)% /$% &$-)6>% 8$% 'e'$% 4&0C$6% -?31$% )57-&3&.-(# ,(# 3*# 3*"./(%M% a%S$

4&)7)8:5$% -$% 8,% 8,153$% $/6% -$% (0'40&6$&% \% 8,% B0)/% 8,% /)51)B),1($% -$/% /)51$/% $6% 8,

/)51)B),1($% -$% 8?+101(),6)01;% .$% 8\% 4&07)$16% /01% 40370)&% ',C$3&>% ($83)% -$% (&+$&% 31

-$3[):'$%1)7$,3%-?+101(),6)01>%0g% )8%-$7)$16%40//)@8$%-$% 6$1)&%-$/%4&040/%/)51)B),16/

/3&%8,%/)51)B),1($;%K?$/6%-,1/%($66$%B,(386+%'+6,8)153)/6)23$%23$%103/%6&03701/%8?0&)5)1$

-$% 8,% &$8,6)01% -?)16$&4&+6,1($% 4,&% 8,23$88$% 8,% 8,153$% $1580@$% 8$/% ,36&$/

/H/6:'$/%bX!`;%S$/%6$&'$/%75'*3-"./-)'-4/(%$6%75'*)57*"'-4/(%-+B)1)//$16%8?,(6)7)6+%,3

4&+/$16%-?31$%/+')0805)$%-$%8,%8,153$;%a%=+6,P%b>%($%1?$/6%4,/%31%a%-)/(03&/%/3&%b>%(?$/6

31%a%-)/(03&/%4,&%b>%43)/23$%8,%/+')0805)$%-$%8,%8,153$%$/6%8$%-+48,($'$16%-3%/3C$6%$6

-3%8,15,5$>%8?)17$16)01%-?31%&$5,&-%1037$,3%4,&%31%-)&$%1037$,3;%S,%'+6,/+',16)23$

23$% A$17$1)/6$% 4&0C$66$>% ($88$% 23?)8% +(&)6% 4,&% A,3-$8,)&$>% ,7$(% A,3-$8,)&$>% (?$/6% 8$

&$1037$88$'$16% -?31% &$5,&->% -?31$% /+',16)23$>% -?31$% 40+6)23$>% 4,&% 8,% -+(037$&6$

-?31$%40+6)23$%4,&6)(38):&$>%3*#3*"./(#,(#8*/,(3*-%(;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X!Y%<$1&)%=$/(9011)(>%a%A$17$1)/6$%M%/+',16)23$%/,1/%/+')06)23$%b>%)1%17-3(#8("9("-)'(#9-".'#*")#*$%;)kK088023$%-$%K$&)/H>%]!P]^%,0c6%]^^Ym>%13'+&0%/4+(),8%-$%SJlW>%/03/%8,%-)&$(6)01%-$%K8,3-)1$l0&',1-%$6%=)(9$8%D&&)7+>%KLS%É%U1)7$&/)6+%G,&)/%W>%]^^_>%4;%"!X;X!`%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`Y;

]`]

O<&a&!;-2+&5*-&7-/,2-&-*&45-2+,$*&6-&+$5+&#-&)$51$,72,G*,b,(*+&+7(6,+,$**-#&65&#(*G(G-&c&3&#(&)$%2,-&:$*+7-5*&7%(#,2/-&65&#(*G(G-<

%%%%%%%%%%%%8$/%40:6$/%/016%8$/%483/%5&,1-/%&+,8)/6$/%X!_

K9,23$%$[4+&)$1($%$/61+($//,)&$'$16%4,&6)(38):&$$6%31)23$;%%%%%%%F88$%&$23)$&6%(9,23$%B0)/%31$%%)17$16)01%-?+(&)63&$>%%%31%6&,)6$'$16%-$

%% '06/X!V

l03/% 6&03701/% -,1/% 8?$16&$6)$1% 23$% A$17$1)/6$% -011$% \% *3H% .3'3&% 403&% 8$

c&/9(3# !O)(%9*'(/%% -,1/% 8,% B)1% -$% 8?,11+$% ]^`V% 23$823$/% &+B8$[)01/% )'40&6,16$/% \

4&040/%-$%8,%8)66+&,63&$;%J8%4,&,{6%',)16$1,16%+7)-$16%23$%($/%&+B8$[)01/>%23$%103/%,8801/

70)&% 6&:/% 4&+()/$/>% /016% 8?+6,6% $6% 8,% 403&/3)6$% -$% 8,% &+B8$[)01% 23?)8% '$1,)6% ,7$(

A,3-$8,)&$;% f1% (0'4&$1-&,% ,36&$'$16% $6% ')$3[% ($/% 49&,/$/% \% 8,% 83'):&$% -$/

',13/(&)6/;% K$% 23?)8% H% ,% -$% (0''31>% (?$/6% 31$% ',1):&$% -$% 40/$&% 8$% 4&0@8:'$>

-?)16$&&05$&%$1/$'@8$%8,%/)51)B),1($>%8?,&6>%8,%/3@C$(6)7,6)01>%8$%8,15,5$>%8?9)/60)&$;%z3$

8?01%H%4&e6$%,66$16)01>%($%23$%A$17$1)/6$%&+401-%\%*3H%.3'3&%1?,%$1(0&$% C,',)/%+6+

-)6>%(?$/6%6036%\%B,)6%1037$,3%M

*;.;% É%Y&/)# *9(?# $%&"&"25# 3(# 7&'# ,(# $&;7(0# 1)'`2(# 4/(# 3(# 3*".*.(# $&5'-4/(# ()'-"'5%())*"'#$&/%#3*#3-"./-)'-4/(#äF;A;% É% J''$1/+'$16;%=,)/% ($% 6&,7,)8% $/6% \% 4$)1$% (0''$1(+;%f1% 1$% 4$36% -)&$% 23$

8?0@C$6%-$%8?+63-$>%8,%'+690-$%\%$'480H$&>%/0)$16%(8,)&$'$16%-+B)1)/;%J8%H%,%-$/%6$16,6)7$/)16+&$//,16$/% ',)/% 23)% '016&$16% 8,% -)BB)(386+% -$% /0&6)&% -$/% (,6+50&)$/% 36)8)/+$/% 403&8?,1,8H/$%-3%8,15,5$%0&-)1,)&$;*;.;%É%F#$*%'-%#,(#3*#3-"./-)'-4/(#('#,/#)'%/2'/%*3-)7(+#&"#*#9/#)(#2%5(%#,()#h/9%()

,(#$3/)#("#$3/)#,-==-2-3()+#,(#7&-")#("#7&-")#*22())-O3()#*/#$3/)#.%*",#"&7O%(0#1)'`2(4/(#2(''(#&O)2/%-'5#9&/)#)(7O3(#=&",5(#äF;A;%É%#$%70)/%8\%-$3[%(90/$/>%-016%C$%1$%/,)/%/)%8?)-+$%23$%C$%'?$1%B,)/%(0N1()-$%,7$(

8$%/$16)'$16%'e'$%-$%($3[%23)%8$/%,((0'48)//$16;%]r%U1$%6$16,6)7$%6&:/%1$37$>%(3&)$3/$>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X!_%8FGH1<FID1>%]!>%Br_%o%BrY^;X!V%8FGH1<FID1>%!">%Br]"%o%Br""`;

]`!

403&%/$(03$&%6036%($%23)%$/6%)19+&$16%,3%8,15,5$>%(?$/6P\P-)&$%31$%($&6,)1$%&,6)01,8)/,6)0123$%8$%8,15,5$%,440&6$%1+($//,)&$'$16%h%403&%8,%-+6&3)&$%\%8?)16+&)$3&%-3%8,15,5$%',)/%$1/$%/$&7,16%$1(0&$%-3%8,15,5$;%i03/%,7$I%-01(%)()%31$%8,153$%23)%/$%&$603&1$%(016&$%$88$P'e'$%$6%23)%$//,)$%-$%/$%&$B,@&)23$&%\%4,&6)&%-?31$%$[480/)01%4&+,8,@8$;%!r%i03/%4,&8$I-$%8,%101P(0'4&+9$1/)01%23)%$/6%8,%&,1T01%-$%($&6,)1$/%(&+,6)01/%M%)8%'$%/$'@8$%23$%103/$16&01/%-,1/%31$%4+&)0-$%-?$[4+&)'$16,6)01;%O036%($%23)%/?)'4&)'$%1?$/6%4,/% B,)6%403&e6&$% 83>% ,3% /$1/% 6&,-)6)011$8%h% )8% H% ,% -$% 1037$,3[% '0-$/% -$% 8$(63&$>% ,44&04&)+$/% ,3[1037$,3[%'0-$/%-?+(&)63&$;%K$/%6$16,6)7$/>%($/% 6&,7,3[%1?)16+&$//$16%403&% 8?)1/6,16%23$8$/% 4&0B$//)011$8/>% 8$/% ,36&$/% +(&)7,)1/>% C3/23?,3%'0'$16% 0g% É% /)% ($%'0'$16% ,&&)7$% É23$823$%(90/$%-$%40/)6)B%/?$1%-+5,5$&,;%K?$/6%31$%&$')/$%$1%23$/6)01%-$%6036%8$%40370)&/)51)B),16% 6&,-)6)011$8% -3% 8,15,5$;% J8% /?,5)6% -$% /,70)&% /)% 8$% 8,15,5$% $/6% 703+% \% 603C03&/-+(&)&$% 31%'01-$% )-$16)23$%4,&% -$/%'0H$1/% )-$16)23$/>% $1% 7,&),16% /$38$'$16% 8$% (90)[-$/%+4)69:6$/%03%-$/%7$&@$/;%f3%@)$1%/)%01%4$36%$17)/,5$&%-?,36&$/%'0H$1/%-?$[4&$//)01101%-$/(&)46)B/%$6%/?)8%H%,%31$%,36&$%23,8)6+%-$%/)51)B)(,6)01%23)%1,{6&,)6%-$%($66$%&3463&$;K?$/6%31%4&0@8:'$;%X!^

f1%,%8$%/$16)'$16%7)B%-?31%5&,1-%$16903/),/'$>%-?31$%C0)$%-$%A$17$1)/6$%403&

($%23)%/$%4,//$%-,1/%8$/%,&6/>%$1%8)66+&,63&$%4,&6)(38):&$'$16;%K,&%($%23?)8%/$%4,//$>%(?$/6

31% +6,6% -$% 8)@$&6+>% -?$[4+&)'$16,6)01>% -$% 4$1/+$% (&)6)23$>% 8?)-+$% -?31% (9,15$'$16% -3

'01-$% 23)% )'48)23$% 31$% (&)6)23$% $6% 31$% 6&,1/B0&',6)01% -3% 8,15,5$;%f1% &$',&23$% 8,

(016)13)6+%-,1/%8$/%4&040/%-$%A$17$1)/6$%$16&$%8$/%$[4+&)'$16,6)01/%$1%,&6%$6%8$%6&,7,)8

-?)17$16)01% 69+0&)23$;%K?$/6% 31% -),8053$;% F6% (?$/6% -,1/% 31% -),8053$>% 23?)8% +(&)6% ,7$(

A,3-$8,)&$%31$%(&)6)23$%-3%a%8,15,5$%0&-)1,)&$%b>%(?$/6%,7$(%A,3-$8,)&$>%,7$(%8$%40:'$>

23?)8% &$1037$88$% -$%',1):&$% -+()/)7$% /,% 69+0&)$% -3% 8,15,5$;%K$% 23?01% $16$1-% )()% 4,&

a%-),8053$%b>% (?$/6% 31% &$5,&-% &$1-3% 4,&% 31% ,36&$% &$5,&->% 8$% -+48,($'$16% -,1/% 8$

-)/(03&/>%-,1/%8,%4$1/+$>%23?)'48)23$%,3%/$1/%7&,)%-3%-),8053$>%31$%,1,8H/$;

K$6%$16&$6)$1%-,6$%-$% 8,%B)1%-$% 8?,11+$%]^`V>%$6%40&6$% 8$%/$16)'$16%-?31%$/40)&

(&)6)23$>% -?31% &$1037$,3>% -?31% $15,5$'$16;% K?$/6% 8?)-+$% 23$% 8$/% ,&6)/6$/% $6% 8$/

(9$&(9$3&/% $1/$'@8$% )16$&&05$16% $6% &$'$66$16% $1% 23$/6)01% 8$/% +7)-$1($/;% A$17$1)/6$

4,&8$% ,)1/)% -?31% a%&$')/$% $1% 23$/6)01% -$% 6036% 8$% 40370)&% /)51)B),16% 6&,-)6)011$8% -3

8,15,5$%b;

K0''$% 8$% &$',&23$% *+&,&-% .$//01/% -,1/% /01% 8)7&$% 17-3(# 8("9("-)'(+

<A-"9("'-&"# ,/# ,-)2&/%)>% 8$% /$16)'$16% -$% A$17$1)/6$% 4,&% &,440&6% \% 8,% 8)66+&,63&$

(016&,/6$%,7$(%8$%40/)6)011$'$16%-?,36&$/%8)153)/6$/>%(0''$%#091%D3/6)1%4,&%$[$'48$>

23)% $1%]^`!%-,1/%[&^#,&# ':-".)#^-':#^&%,)% k6&,-3)6% $1% B&,1T,)/% /03/% 8$% 6)6&$%Z/*",

,-%(+#2A()'#=*-%(m%23,8)B)$%8,%8)66+&,63&$%-$%'0-$%$*%*)-'(%-$%8?/)*.(#"&%7*3;%J8%1?$/6%4,/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X!^%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%$16&$6)$1%-$%*3H%.3'3&%,7$(%F')8$%A$17$1)/6$>%43@8)+%-,1/%3(c&/9(3#!O)(%9*'(/%>%/4+(),8%8)66+&,)&$>%1r!]Z%@)/%k!Z%107$'@&$%,3%!Z%-+($'@&$%]^`Vm>%4;%"!P"";%L$4&)/-,1/%8$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"_;

]`"

)136)8$% -$% &,44$8$&% ($% 4,//,5$>% -$7$13% (+8:@&$>% 0g% D3/6)1% -+(8,&$% /)'48$'$16

8?(N23/)-&"#-$%8,%8)66+&,63&$%-$%8?,1,8H/$%8)153)/6)23$;

F)#366$&,1($/#&/%#$(%=&%7*'-9()#*%(#,8/0#:(-%#'&#2(%'*-"#&':(%#\-",)#&=#-33#^:-2:#-"=(2'#,88/''(%*"2()0#F",#':()(#3-\(^-)(+#':&/.:#*.*-"#':(Q#7-.:'#O(#O%&/.:'#-"'&#*#7&%(#.("(%*3*22&/"'+#^(#*%(#,(3-O(%*'(3Q#*'#$%()("'#(N23/,-".0#I#7(*"+#=&%#(N*7$3(+#':(#=&33&^-".#6#*$(%=&%7*'-9(#/''(%*"2(#^-33+#=&%#(N*7$3(+#O(#)1%,%4$(38),&%E,H#:&33&^#*",#9&-,#-=#)*-,#OQ*"#*2'&%#&"#':(#)'*.(+#&%#-=#-"'%&,/2(,#-"#*#$&(7+#&%#)$&\("#-"#)&3-3&4/Q0#R:-)#*$$3-()#-"*#)-7-3*%#7*""(%#'&#*"Q#*",#(9(%Q#/''(%*"2(#e#*#)(*`2:*".(#-"#)$(2-*3#2-%2/7)'*"2()0<*"./*.(#-"#)/2:#2-%2/7)'*"2()#-)#-"#)$(2-*3#^*Q)#e#-"'(33-.-O3Q#e#/)(,#"&'#)(%-&/)3Q+O/'# -"#^*Q)#4,&,/)6)(#/$&"#-')#"&%7*3#/)(#e#^*Q)#^:-2:#=*33#/",(%# ':(#,&2'%-"(#&=# ':($6)08,6)01/#&=#3*"./*.(0#F33#':-)#^(#*%(#$[(83-)15#=%&7#2&")-,(%*'-&"0#!/%#$(%=&%7*'-9(/''(%*"2()+# =(3-2-'&/)# &%# "&'+# *%(# '&# O(# /",(%)'&&,# *)# -))/(,# -"# &%,-"*%Q2-%2/7)'*"2()0#UVW%%~#$%6&,-3)/%MÄ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É%31$%6&,1/B0&',6)01%@&36,8$%-,1/-$/% ()&(01/6,1($/% /4+(),8$/;%S$% 8,15,5$% -,1/% -$% 6$88$/% ()&(01/6,1($/% $/6% $1% ($/%'0-$//4+(),3[É%)16$88)5)@8$'$16%É%36)8)/+%101%/+&)$3/$'$16>%',)/%$1%-$/%'0-$/%$*%*)-'*-%()%-$/01% 3/,5$% 10&',8% É% '0-$/% 23)% 60'@$16% /03/% 8,% -0(6&)1$% -$/% 5'-&3(7("')% -3% 8,15,5$;O036% ($8,%103/% $[(8301/%-$% 8$% (01/)-+&$&;%l0/% +101(+/% 4$&B0&',6)B/>% B0&631+/% 03%101>-0)7$16%e6&$%(0'4&)/%(0''$%)//3/%-$%()&(01/6,1($/%0&-)1,)&$/;

S,% 6&,-3(6)01% -$%*)88$/%S,1$% 6,)6% 8$% 4&040/% -?D3/6)1>% 4,&% $[$'48$% 8?0440/)6)01

23?)8%B,)6%-3%10&',8%$6%-3%4,690805)23$>%8?)',5$%-3%(0&4/%+6&,15$&>%23)%&$1-%',8,-$%($

23)%$/6%/,)1;%G$36Pe6&$%D3/6)1%6&,7,)88,16%($66$%'+6,490&$%-$%8,%',8,-)$%ka%2(%'*-"#&':(%

\-",)# &=# -33#^:-2:# -"=(2'%b>% a% 4,&,/)6)(%b>% a% $6)08,6)01/%bm% $//,H,)6P)8% -?e6&$% )&01)23$% $6

-&w8$;%K$%23$%C$%1$%(&0)/%4,/%7&,)'$16;%J8%H%,%'e'$%-,7,16,5$%31$%40/63&$%-$%/+&)$3[%$6

-?,360&)6+%23?)8%&$7$1-)23$>%31%C3&)-)/'$>%31$%4&)/$%-$%40370)&%É%a%^(#*%(#,(3-O(%*'(3Q

*'# $%()("'# (N23/,-".%b>% a%*33# ':-)# ^(# *%(# $[(83-)15# =%&7# 2&")-,(%*'-&"%b% É% 80&/23$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X"Z%#;%S;%D3/6)1>%%[&^#'&#H&#R:-".)#^-':#]&%,)>%R:(#]-33*7#{*7()#<(2'/%()#,(3-9(%(,#*'#[*%9*%,G"-9(%)-'Q#-"#LaCC>%$-;%#%;f;%U&'/01>%f[B0&-%U1)7$&/)6H%G&$//>%f[B0&->%]^_">%4;%!]P!!;i0)()%8,%6&,-3(6)01%B&,1T,)/$%23$%4&040/$%*)88$/%S,1$%$1%]^_Z%h%C?,C036$%\%/,%/3)6$%31%($&6,)1%10'@&$%-$&$',&23$/%M%a%$1%6,16%23?5"&"2-*'-&")>%10/%4$&B0&',6)B/%/016%$[40/+/%5.*3(7("'%\%($&6,)1$/%$/4:($/%-$',3[%23)%,66$)51$16%'&/'(%+101(),6)01;%K$/%',3[P8\%,3//)%É%$1(0&$%23?01%43)//$%8$/%/)63$&%-,1/%31$69+0&)$%483/%5+1+&,8$%É%103/%703801/%$[4&$//+'$16%8$/%$[(83&$%-$%106&$%4&+/$16%4&040/;%#$%4$1/$%\%($83)P()>%4,&%$[$'48$%M%31$%+101(),6)01%4$&B0&',6)7$%/$&,%(&$3/$%03%7)-$%,A/"(#=*E&"#$*%'-2/3-;%(%/)>%4,&$[$'48$>%$88$%$/6%B0&'38+$%4,&%31%,(6$3&%/3&%8,%/(:1$>%03%)16&0-3)6$%-,1/%31%40:'$>%03%+')/$%-,1/%31/08)8023$;%=,)/%($8,%/?,448)23$%-$%B,T01%,1,8053$%\%23$823$%+101(),6)01%23$%($%/0)6%M%)8%/?,5)6%-?31&$7)&$'$16%~)(*`2:*".(Ä>%-c%\%-$/%()&(01/6,1($/%/4+(),8$/;%J8%$/6%(8,)&%23?$1%-$%6$88$/%()&(01/6,1($/>%8$8,15,5$%1?$/6%4,/%$'480H+%/+&)$3/$'$16>%$6%($%-$%',1):&$%4,&6)(38):&$>%',)/%23?)8%/?,5)6%-?31%3/,5$$*%*)-'*-%(%4,&%&,440&6%\%8?3/,5$%10&',8%É%4,&,/)6)/'$%-016%8?+63-$%&$8:7$%-3%-0',)1$%-$/%5'-&3(7("')%-38,15,5$;%O036%($8,%103/%8?(N23/&")%-01(%-$%106&$%+63-$;%l0/%+101(),6)01/%4$&B0&',6)7$/%9$3&$3/$/%03101>%-0)7$16%e6&$%$16$1-3$/%(0''$%4&0101(+$/%-,1/%-$/%()&(01/6,1($/%0&-)1,)&$/;%b%k%Z/*",#,-%(+#2A()'=*-%(>%Q$3)8>%G,&)/>%]^_Z>%4;%YYm%

]`X

4&+()/+'$16% 8,% 8)66+&,63&$% $/6% 31% 8,15,5$% 36)8)/+% -$%',1):&$% 101% /+&)$3/$% ka%3/$-% 106

/$&)03/8H%bm;%.,1/% 603/% 8$/%(,/>% )8%$/6%(8,)&%23$% 8,% 8)66+&,63&$%1?)16+&$//$%4,/%D3/6)1>%$6

'e'$%$/6P$88$%-01(%$[(83$%-$% 6036$%2&")-,5%*'-&"% k,7$(%4$36Pe6&$%($66$%-03@8$%7,8$3&

-$%($%23$%8?01%1$%(01/)-:&$%4,/>%($%23$%8?01%1$%&$5,&-$%4,/%03%($%23$%8?01%1?$/6)'$%4,/>

($% \% 230)% 01% 1$% -011$% 4,/% -$% 7,8$3&m;% Q)% 8,% 8)66+&,63&$% $/6% ,)1/)% $[(83$% (?$/6% 4,&($

23?$88$%4,&,/)6$%8?3/,5$%10&',8%-3%8,15,5$>%($%23$%8,%6&,-3(6)01%-$%*;%S,1$%1$%70)6%4,/>

6,)6>% 43)/23?)8% +(&)6% a%)8% /?,5)6% -?31% 3/,5$%$*%*)-'*-%(% 4,&% &,440&6% \% 8?3/,5$% 10&',8%b>

80&/23$%@)$1%,36&$'$16%D3/6)1%+(&)6%a%':(#3*"./*.(#stu#/)(,#"&'#)(%-&/)3Q+#O/'#-"#^*Q)

4,&,/)6)(# /$&"# -')# "&%7*3# /)(%b>% a%S$% 8,15,5$% ~�Ä%36)8)/+% 101% /+&)$3/$'$16>%',)/% $1

-$/%'0-$/%$*%*)-'*-%()%-$%/01%3/,5$%10&',8%b>% C$%-)&,)/;%G,&,/)6,)&$%,(% k/$&"m%$6%101

a%4,&% &,440&6%b%h%31%4,&,/)6$% $/6%31%4,&,/)6$;%S,% 8)66+&,63&$%-+&,15$% 8?3/,5$%10&',8%-3

8,15,5$;%l0&',8%$6%/+&)$3[;%G$36Pe6&$%01%,3&,%8$%/$16)'$16%-$%70)&%/$%&+4+6$&%8,%/(:1$

-$%8?$[(83/)01%-3%40:6$%-$%8,%()6+%-,1/%8,%D5$/O3-4/(%kS)7&$%JJJ%"^V%,P@>%$6%S)7&$%Wm;

A$17$1)/6$%(016&,/6$%,7$(%($66$% B$&'$63&$>%($66$% B,T01%,360&)6,)&$%-$%4$1/$&%$6

($%C3&)-)/'$>%23)%$/6%31$%4$1/+$%-$%8,%10&'$;%D3%(016&,)&$>%A$17$1)/6$%4$1/$%8?9)/60)&$>

8,% &$8,6)01>% 8?)1(0113;% Q,1/% -036$% 8,% &+401/$% -$% A$17$1)/6$>% /)% 1$66$% $6% 48$)1$% -?31

4&0C$6%É%80&/23?)8%-)6%23$%8$% 8,15,5$%40+6)23$%)16+&$//$% -77(")57("'% 8,% 8)153)/6)23$%É

$/6P$88$% -+C\% (&)6)23$% -,1/% 31% -+@,6% -?+4023$% -$% ($% 23$% 4,&% $[$'48$% 8,% 4&,5',6)23$

-?D3/6)1%03%-$%Q$,&8$%4037,)6%,BB)&'$&%,)1/)%\%4&040/%-$%8,%8)66+&,63&$%$6%-$%/01%8)$1%\%8,

8)153)/6)23$;%K$66$%4&,5',6)23$>%(0''$%103/% 8$%70H01/>% &+-3)6%/,%2&")-,5%*'-&"%\%31

a%8,15,5$% 0&-)1,)&$%b>% ,)1/)% 0440/+% \% 31% 3/,5$% 4,&,/)6,)&$;%L,44$801/% 4,&% 4,&$169:/$

23$%($66$%106)01%-?31%a%8,15,5$%0&-)1,)&$%b%$/6%)//3$%-$%8,%49)80/049)$%,1,8H6)23$%-016

4&0(:-$% 8,% 4&,5',6)23$% -?D3/6)1;% K$66$% 106)01% $/6% $1% B,)6% B0&'38+$% $1% &+,(6)01% \

8?+5,&-%-$/% 0&)5)1$/% -$% 8,% 49)80/049)$% ,1,8H6)23$% $88$P'e'$% kz3)1$>%K,&1,4>%L3//$8>

R&$5$>%,3%-+@36%-3%WW$%/):(8$m>%23)%-,1/%/01%,'@)6)01%805)()$11$%$6%-,1/%/,%(&0H,1($

$1% 31% 8,15,5$% )-+,8% )1(,&1+% 4,&% ($66$% 'e'$% 805)23$>% C35$,)6% 8$% 8,15,5$% 0&-)1,)&$

)'4,&B,)6>%(01B3/%$6%/)'48)/6$;%F1%&+,(6)01%\%($8,%-,1/%8$/%,11+$/%]^YZ>%$6%\%8,%/3)6$%-$

8?$1/$)51$'$16% -$% S3-E)5%Ç)665$1/6$)1>% /$% &$7$1-)23$% 31$% $:-3&)&$:-(# ,/# 3*".*.(

&%,-"*-%(% kLH8$>% *&)($>% D3/6)1m;% K$88$P()% ,7,)6% 8?$/40)&% (&)6)23$>% 408)6)23$>% -?31$

&$(9$&(9$% -?31% ($&6,)1% )(")# 2&77/"% -323$8% 31$% '+6,49H/)23$% )-+,8)/6$% /$% /$&,)6

-+603&1+$;%=,)/%-,1/% 8?+(&)63&$%-?D3/6)1%($% /$1/%(0''31>%($% 8,15,5$%0&-)1,)&$>% ,% 8$

/$1/%-?31$%/+4,&,6)01%-?,7$(%8,%8)66+&,63&$;

]`Y

F1% ]^`V>% \% 8?0440/+$% -$% 8?,66)63-$% -$% (8w63&$% -?D3/6)1>% 01% 6&,7,)88$% ,3//)% \

4$1/$&%(")(7O3(%8,%8)153)/6)23$%$6%8,%8)66+&,63&$%h%(?$/6%($%23$%103/%-011$%\%4$1/$&%-$3[

13'+&0/% -$% &$73$% 23)% /?)16)638$16% 4,&$)88$'$16% ($66$% ,11+$P8\% a%S)153)/6)23$% $6

8)66+&,63&$%b>%8$%13'+&0%]!%-$%<*".*.()UVL%,323$8%A$17$1)/6$%,3&,)6%-c%4,&6)()4$&>%$6%31

13'+&0%-$%8,%c&/9(33(#B%-'-4/(UVP%-011,16%/3)6$%,3%K088023$%-$%K831H%23)%/?+6,)6%6$13

$1%,7&)8%]^`V;%K$66$%708016+%-$%4$1/$&%$1/$'@8$%8,%8)153)/6)23$%$6%8,%8)66+&,63&$>%($%23)

$/6%31%-$/%4&0C$6/%0g%/?+6,)6%$15,5+$%8,%-+',&(9$%/6&3(63&,8)/6$>%)1-)23$%,7,16%6036%23?)8

+6,)6% ,80&/% -$7$13% ,//$I% +7)-$16% 403&% -$% 10'@&$3[% 8)153)/6$/% 23$% 8?,44&0(9$% -3

8,15,5$%1$%4037,)6%4,/%/$%-+603&1$&%-$%8,%8)66+&,63&$%-016%$88$%,7,)6%\%,44&$1-&$;%.,1/

($/%'0'$16/P8\%+5,8$'$16>% 8,% 8)153)/6)23$%,7,)6% 8$%4&0C$6%-?31$%,44&0(9$%-$/%v37&$/

8)66+&,)&$/%4,&%8$/%'+690-$/%23?$88$%H%-+(037&,)6;%S,%8)66+&,63&$%-$7$1,)6%,)1/)%8$%8)$3%-$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X"]%J8%1?$/6%4,/%B,)6%&+B+&$1($%\%A$17$1)/6$%-,1/%8,%4&+/$16,6)01%23$%L08,1-%A,&69$/%+(&)6%403&%($%13'+&0;#?+13'+&$%)()%8$/%6)6&$/%-$/%,&6)(8$/%23)%(0'40/$16%($%13'+&0%-$%<*".*.();%K$66$%+13'+&,6)01%$/6)16+&$//,16$%$1%(0'48+'$16%$6%$1%(0'4,&,)/01%-$%8?+13'+&,6)01%23$%C$%B,)/%C3/6$%$1/3)6$%-$/%,&6)(8$/4,&3/%8,%'e'$%,11+$%-,1/%<*#c&/9(33(#B%-'-4/(>%-,1/%31%13'+&0%)16)638+%4,&$)88$'$16%a%S)153)/6)23$%$68)66+&,63&$%b;<*".*.()+#LP>%-+($'@&$%]^`V>%<-"./-)'-4/(#('#3-''5%*'/%(%M%L08,1-%A,&69$/>%a%S)153)/6)23$%$68)66+&,63&$%b%h%L0',1%#,d0@/01%$6%S3(),1,%Q6$5,510%G)((9)0>%a%S$/%0[H'0&$/%-),8$(6)23$/%-$%R$&1,1-0G$//0,%b%h%*+&,&-%*$1$66$>%a%S$%C03&>%8,%13)6%b%h%#$,1%K09$1>%a%S,%(0'4,&,)/01%40+6)23$%M%$//,)%-$/H/6+',6)23$%b%h%Q080'01%=,&(3/>%a%G0+6)23$%',69+',6)23$%101P4&0@,@)8)/6$%b%h%l)(08,/%L3E$6>a%S)')6$/%-$%8?,1,8H/$%$1%40+6)23$%b%h%Q6$$1%#,1/$1>%a%F/23)//$%-?31$%69+0&)$%-$%8,%B0&'$%-&,',6)23$%b%hOI$6,1%O0-0&07>%a%S,%5&,'',)&$%-3%&+()6%b%h%#38),%}&)/6$7,>%a%S$%6$[6$%(80/%b%h%=)9,)8%A,d96)1$>a%S?+101(+%-,1/%8$%&0',1%b;X"!%G03&%0@/$&7$&%31%)1/6,16%8,%',1):&$%-016%8$%23$/6)011$'$16%,80&/%/$%40/,)6>%31$%4&0@8+',6)/,6)01-?+4023$>%C$%703-&,)/%&,44$8$&%8$/%)16)638+/%-$/%)16$&7$16)01/%B,)6$/%,3%K088023$%-$%K831H%k]`%o%]_%,7&)8]^`Vm>%$6%-?,@0&-%8$/%a%6&0)/%5&,1-/%,[$/%-$%&$(9$&(9$%b%23)%,7,)$16%+6+%/03')/%,3[%4,&6)()4,16/;%a%]rmK0''$16%8,%8)153)/6)23$%(016$'40&,)1$%s70)6t%8,%8)66+&,63&$;%!rm%K0''$16%8?,1,8H/$%-$%8,%8)66+&,63&$%B,)6>03%101>%3/,5$%-$/%69+0&)$/%$6%-$/%-011+$/%-$%8,%8)153)/6)23$;%"rm%K0''$16%8$/%(&+,6$3&/%k40:6$/%$6&0',1()$&/m%&+,5)//$16%\%8?,440&6%-$%8,%8)153)/6)23$;%b%k4;%`%m;%l03/%70H01/%6036%-$%/3)6$%23$%($/23$/6)011$'$16/%/016%B0&6%4&0(9$/%-$%($3[%23$%A$17$1)/6$%B0&'38,)6>%23?)8/%6+'0)51$16%-?31%5&,1-$/40)&%-,1/%($66$%&$1(016&$%-$%8,%8)66+&,63&$%$6%-$%8,%8)153)/6)23$>%-?31%+8,1%)16$88$(63$8;%#?+13':&$%\4&+/$16%8,%8)/6$%-$/%,&6)(8$/%B)53&,16%-,1/%8$%13'+&0%/4+(),8%-$%8,%c&/9(33(#B%-'-4/(>%\%4,&6)&%-$%8,23$88$>(0''$%C$%8$%-)/,)/>%01%403&&,)6%,1,8H/$&%8$/%6$&'$/%4,&6)(38)$&/%-?31%23$/6)011$'$16%403&%+(&)&$%31$9)/60)&$%-$/%)-+$/M%#$,1%G$H6,&-%a%L,440&6/%$6%)16$&B+&$1($/%-$%8,%8)153)/6)23$%$6%-$%8,%8)66+&,63&$k)16&0-3(6)01%\%31$%@)@8)05&,49)$m%b%h%L,H'01-%#$,1>%a%z3?$/6P($%23$%8)&$%p%b%h%<$1&)%=)66$&,1->a%K0&&+8,6)01/%8$[)(,8$/%$6%0&5,1)/,6)01/%-3%&+()6%M%8$%70(,@38,)&$%-3%7)/,5$>%-,1/%R:5%;)(#D*4/-"%b%h%#$,1G$H6,&->%a%G&0@8:'$/%-$%8?+(&)63&$%-3%7$&@,8%-,1/%8$%&0',1%(016$'40&,)1%b%h%#$,1PS03)/%<03-$@)1$>a%S?,1,8H/$%/6&3(63&,8$%$6%8,%106)01%-$%7$&@$%(0''$%s$/4,($t%b%h%#$,1PS03)/%A,3-&H>%a%S)153)/6)23$%$64&0-3(6)01%6$[63$88$%b%h%#38),%}&)/6$7,>%a%G&0@8:'$/%-$%8,%/6&3(63&,6)01%-3%6$[6$%b%h%.$1)/%*3$103'>%a%D4&040/%-$%8?,1,8H/$%/6&3(63&,8$%-$/%&+()6/%b%h%#0/$49%i$163&)1)>%a%S)153)/6)23$%$6%8)66+&,63&$%-,1/%8?J6,8)$-$%8,%B)1%-3%=0H$1%D5$%b%h%D)'+%*3$-C>%a%Q6&3(63&$%-3%'01-$%4)(,&$/23$%b%h%G9)8)44$%Q088$&/>a%l)7$,3[%/+',16)23$/%-?31%6$[6$%'0-$&1$%b%h%#$,1P=,&)$%}8)1d$1@$&5>%a%F8+'$16/%-?31$%&9+60&)23$5+1+&,8)/+$%M%8$/%'+6,490&$/%b%h%=,&($8)1%G8$H1$6>%a%Q03/(&)46)01%-$%8,%B0&'$;%D%4&040/%-?31$%,1,8H/$-$/%SQ)';%()#,(#K*%-)>%4,&%=,&[>%-,1/%<*#>*-"'(#T*7-33(%b%h%a%l0+%#)6&)d>%a%Q6&3(63&$%$6%/)51)B)(,6)01%-$T-2'-&")%-$%#;PS;%A0&5:/%b%h%O90',/%D&01>%a%85%5"-2(#('#F%-*"(>%\%8,%&$(9$&(9$%-$%sK&)6:&$/%-$8)66+&,&)6+t%h%=,&53$&)6$%=,3&)($>%a%S,',&6)1$%-$7,16%8,%8)153)/6)23$%b%h%<$1&)%=$/(9011)(>%a%G&0@8:'$/-3%8,15,5$%40+6)23$%(9$I%<350%b%h%D11)$%U@$&/B$8->%a%Q6&3(63&$/%-3%69+|6&$%-?D8$[,1-&$%.3',/%4:&$%b%hG9)8)44$%A011$B)/>%a%L+()6%$6%9)/60)&$%-,1/%S*,*7(#8&9*%Q%b%h%#$,1PG)$&&$%K08)1>%a%.$%8?,44&0(9$/6H8)/6)23$%-?31%',37,)/%5$1&$%8)66+&,)&$%M%8$%&0',1%408)()$&%b%h%=)(9$8%D&&)7+>%a%Q6H8)/6)23$%8)66+&,)&$%$6/+')06)23$%8)66+&,)&$%b;

]``

8?$[4+&)'$16,6)01%$6%-$%8,%-+(037$&6$%-$%8,%'+690-$;%K0''$%8$%-)6%,3//)%A$17$1)/6$>

8$/% +(&)7,)1/%'$1,)$16% -,1/% ($/% ,11+$/P8\% 31$% &$(9$&(9$% -,1/% 31% 8)$1% +6&0)6% ,7$(% 8$/

-+(037$&6$/%-$/%8)153)/6$/>%$6%8$3&%-+',&(9$%(01/6)63,)6%31$%(&)6)23$%-3%8,15,5$;%G$36P

e6&$% 1+,1'0)1/% -0)6P01% B,)&$% ($66$% &$',&23$% \% 4&040/% -$% 8?)16)638+% 23)% /$% &+4:6$>

a%S)153)/6)23$%$6% 8)66+&,63&$%b%M% 8,%(00&-)1,6)01%a%$6%b% )()%1?$/6%4,/% 6,16% 8$% /)51$%-?31$

6$13$%$1/$'@8$>%$88$%$/6%9)+&,&(9)/,16$%h%8,%&$8,6)01%$/6%($88$%-?31$%/()$1($%)16$&4&+6,16$

$6% -?31% 0@C$6% )16$&4&+6+;% Q)% 8?)16)638+% ,7,)6% +6+% a%S)66+&,63&$% $6% 8)153)/6)23$%b>% 8$/

4$&/4$(6)7$/%,3&,)$16%+6+%-)BB+&$16$/>%(,&%($8,%,3&,)6%+6+%4$1/$&%23?31%40:'$%6&,1/B0&'$

8$%40)16%-$%73$%-$%8?,1,8H/6$>%6&,1/B0&'$%/01%8$(6$3&>%23$%8$%40:'$%,%\%103/%,44&$1-&$

\%4&040/%-3%8,15,5$;%K$%23$%A$17$1)/6$%-+(037&$%,7$(%A,3-$8,)&$;%=,)/%($%4&0C$6P8\%\

8?+4023$% $6% $1(0&$% ',)16$1,16% 7,% \% 8?)17$&/$% -$% ($% 23)% /$% 4$1/$% $6% /$% B,)6% $1

8)153)/6)23$%h%)8%$/6%'e'$%-?31$%($&6,)1$%',1):&$%&$-036,@8$%403&%8$/%8)153)/6$/>%(,&%8$/

B0&T,16% \% 31$% ,66)63-$% -$% -)/6,1($% (&)6)23$% 4,&% &,440&6% \% 8$3&%'+690-$;% S$% 6&,7,)8% -$

A$17$1)/6$%&$/6$%$1(0&$%6&:/%$1%,7,1($%/3&%($%23)%/$%4$1/$%\%4&040/%-3%8,15,5$%$6%-3

40:'$;% a%l06&$% 6$16,6)7$% /$'@8$&,% &,-)(,8$;% l03/% /0''$/% /c&% 23?31% C03&% 01% 83)

&$4&0(9$&,%-$%1$%4,/%8?,70)&%+6+%,//$I%b>%+(&)6%A$17$1)/6$%h%/,%6$16,6)7$%(016)13$%-?e6&$

&,-)(,8$;

G03&% &,44$8$&% $1(0&$% 31% 4$3% -3% (016$[6$% 4,&% &,440&6% ,323$8% 103/% -$701/

(0'4&$1-&$%8$%23$/6)011$'$16%-$%A$17$1)/6$>%L0',1%#,d0@/01>%$1%]^`Z>%(01(83,)6%/,

(01B+&$1($% a%B3&)-".# )'*'(7("')#6# <-"./-)'-2)# *",# K&('-2)%b% k6&,-3)6% $1% B&,1T,)/

a%S)153)/6)23$%$6%40+6)23$%bX""m%4,&%($%-$&1)$&%)'*'(7("'#M

F33#&=#/)#:(%(+#:&^(9(%+#,(=-"-'(3Q#%(*3-?(#':*'#*#3-"./-)'#,(*=#'&#':(#$&('-2#=/"2'-&"#&=3*"./*.(#*",#*#3-'(%*%Q#)2:&3*%#-",-==(%("'#'&#3-"./-)'-2#$%&O3(7)#*",#/"2&"9(%)*"'#-"3-"./-)'-2#7(':&,)#*%(#(4/*33Q#=3*.%*"'#*"*2:%&"-)7);X"X%~#$%6&,-3)/%M%Ä%K9,(31%-$%103/)()>%1?)'40&6$%(0''$16>%&+,8)/$%7&,)'$16%23?31%8)153)/6$%/03&-%\%8,%B01(6)01%40+6)23$-3% 8,15,5$% $6% 31% 8)66+&,)&$% )1-)BB+&$16% ,3[% 4&0@8:'$/% 8)153)/6)23$/% $6% 101% 7$&/+% ,3['+690-$/%8)153)/6)23$/%/016%-$%',1):&$%+5,8$%-$%B8,5&,16/%,1,(9&01)/'$/;

A$17$1)/6$>%-,1/%/01%$16&$6)$1%,7$(%*3H%.3'3&>%&$C0)16%8,%40/)6)01%-$%L0',1

#,d0@/01%M% 8?,44&0(9$%-3% 8,15,5$%$6%($88$%-$% 8,% 8)66+&,63&$%1$%4$37$16%4,/%e6&$% 6$13$/

/+4,&+$/;%D3P-$8\>%A$17$1)/6$%40/$%8?90&)I01%-?31%4&0C$6;%I77(")57("'>%8?)1B)1)%-?31$

&$(9$&(9$>%2(# '%*9*-3#()'#g#$(-"(#2&77("25;%.,7,16,5$%$1(0&$>% 8,% 8)66+&,63&$%$/6%(9$I

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X""%O&,-3(6)01%-$%l)(08,/%L3E$6%23$%103/%6&03701/%-,1/%8$/%1))*-)#,(#3-"./-)'-4/(#.5"5%*3(%k]^`"m;X"X%L0',1%#,d0@/01>%a%K80/)15%/6,6$'$16/%M%S)153)/6)(/%,1-%G0$6)(/%b%>%)1%>'Q3(#-"#<*"./*.(>%O;D;Q$@0$d>%+-;>%K,'@&)-5$%k=;D;m>%=;J;O;%G&$//>%]^`Z>%4;%%"__;

Marcelo

]`_

A$17$1)/6$%31%0@/$&7,60)&$%(&)6)23$%403&%8$%8)153)/6$>%4,&($%23$%8,%8)66+&,63&$%&$'$6%$1

23$/6)01%8$/%(,6+50&)$/%')/$/%$1%v37&$%403&%8?,44&0(9$%-3%a%8,15,5$%0&-)1,)&$%b%M%a%J8

H%,%-$/%6$16,6)7$/%)16+&$//,16$/%',)/%23)%'016&$16%8,%-)BB)(386+%-$%/0&6)&%-$/%(,6+50&)$/

36)8)/+$/%403&%8?,1,8H/$%-3%8,15,5$%0&-)1,)&$%b;%fg%103/%70H01/%@)$1%23$%A$17$1)/6$%,

8$%/$1/%-?31$%9)/60)&$%-$/%)-+$/>%-$/%(,6+50&)$/>%31%/$1/%-$%8,%7,8$3&;%=,)/>%403&%83)>%8,

8)66+&,63&$%$/6%$1(0&$%$6% )1-)//0(),@8$'$16% 8$%'$)88$3&% 8,@0&,60)&$%(&)6)23$%-3% 8,15,5$>

($%23?)8%$17)/,5$%483/%80)1>%4,&%$[$'48$%$1%-)/,16%\%4&040/%-$/%$[4+&)'$16,6)01/%-,1/

8,% 8)66+&,63&$%23)% 83)% $/6% (016$'40&,)1$%23$%a%(?$/6% 31$% &$')/$% $1%23$/6)01%-$% 6036% 8$

40370)&% /)51)B),16% 6&,-)6)011$8% -3% 8,15,5$%b>% 03% a%31$% 6$16,6)7$% 6&:/% 1$37$>% (3&)$3/$>

403&%/$(03$&%6036%($%23)%$/6%)19+&$16%,3%8,15,5$%b;%S$%8,15,5$%$/6%403&%A$17$1)/6$%31$

)1/6)636)01>% 31$%9)/60)&$>% 8,% (016)13)6+% -?31$% 4&,6)23$% $6% -?31$% 69+0&)$>% )8% 1?$/6% C,',)/

-011+>% )8% $/6% ,44&)/;% F6% (?$/6% ($% 23$% 8,% 8)66+&,63&$% k(016$'40&,)1$% -$% A$17$1)/6$% ,3

'0)1/m%&$1-%7)/)@8$%$6%'$6%$1%(&)/$%h%$88$%'016&$%4,&%/,%(&)6)23$%31$%6&,-)6)01%-$%4$1/$&

23)%$/6%,3//)%31$%6&,-)6)01%-$%-)&$%M%($66$% 6&,-)6)01%103/% 8?,44$801/%31$%%($%5)("'*'-&"

%5*3-)'(#,/# 3*".*.(;%K$66$% 8)66+&,63&$% B,)6%,44,&,{6&$%23$%($66$% &$4&+/$16,6)01%1?$/6%4,/

31$% 1,63&$% -3% 8,15,5$>% $88$% 1?$1% $/6% 23?31$% 6&,-)6)01>% $6% 23?01% 4$36% &$1037$8$&% 8,

4$1/+$%$1%&$1037$8,16%8$%8,15,5$;%J8%H%,%8\%8,%-)'$1/)01%-?31%$1C$3%-$%8,%4$1/+$>%-?31

$1C$3% -3% 8,15,5$>% 23$% ($66$% 8)66+&,63&$% &$1-% 7)/)@8$>% $6% (?$/6% ($% 23$% A$17$1)/6$% 103/

)1-)23$%M%8$%8,15,5$%$1%6,16%23?)8%/$&6%\%7)7&$%$6%23?)8%B,)6%7)7&$>%$/6%&$/401/,@8$%-?31$

($&6,)1$%',1):&$%-$%70)&;

A$17$1)/6$>%(0''$%C$%8$%-)/,)/>%,%8$%/$1/%-$%8?9)/60)&$>%8$%/$1/%-$%8,%7,8$3&;%l01

/$38$'$16%8$/%(,6+50&)$/%-$%8?,1,8H/$%/016%403&%83)%603C03&/%\%&$-+(037&)&>%4,&($%23$%8$

/$1/% -3% /$1/% (9,15$>% /$% -+(037&$>%',)/% $1(0&$% ,7$(% 8$% 40:'$% /$% 4,//$P6P)8% 23$823$

(90/$%-$%@)$1%4,&6)(38)$&%M%8$%40:'$>%(&)6)23$%-3%8,15,5$>%&+)17$16$%8$%8,15,5$>%(?$/6P\P

-)&$% 101% /$38$'$16% 8,% 8,153$>%',)/% 31% &,440&6% \% 8,% 8,153$% $6% 31% &,440&6% ,3%'01-$;

A$17$1)/6$% +(&)6>% C$% 8$% -)/,)/%M% a%K?$/6% 31$% &$')/$% $1% 23$/6)01% -$% 6036% 8$% 40370)&

/)51)B),16%6&,-)6)011$8%-3%8,15,5$;%J8%/?,5)6%-$%/,70)&%/)%8$% 8,15,5$%$/6%703+%\%603C03&/

-+(&)&$%31%'01-$%)-$16)23$%4,&%-$/%'0H$1/%)-$16)23$/>%$1%7,&),16%/$38$'$16%8$%(90)[

-$/%+4)69:6$/%03%-$/%7$&@$/;%f3%@)$1%/)%01%4$36%$17)/,5$&%-?,36&$/%'0H$1/%-?$[4&$//)01

101%-$/(&)46)B/%$6%/?)8%H%,%31$%,36&$%23,8)6+%-$%/)51)B)(,6)01%23)%1,{6&,)6%-$%($66$%&3463&$;

K?$/6% 31% 4&0@8:'$%b;% K?$/6% 31$% &$4&+/$16,6)01% -3% '01-$% $6% $1% 'e'$% 6$'4/% 31$

&$4&+/$16,6)01%-3%8,15,5$>%23$%8,%8)66+&,63&$%'$6%,)1/)%$1%(&)/$>;

Marcelo
Marcelo

]`V

S,%4,&6)(38,&)6+%-$%8,%8)66+&,63&$%-)6$%-3%a%l037$,3%L0',1%b%k\%230)%A$17$1)/6$

/$'@8$% B,)&$% ,883/)01m% $/6% 4$36Pe6&$% -?,70)&% -,7,16,5$% $[48)()6+% ($% &,440&6>% -$% /?e6&$

-011+$%(0''$%31$%-+',&(9$%-,7,16,5$%(01/()$1()/+$;%#$%4$1/$%($8,%$1%&$8,6)01%,7$(

($% 23$% A$17$1)/6$>% -,1/% 8,% B)1% -$% /01% $16&$6)$1% ,7$(% G)$&&$% .,)[>% 603C03&/% $1% ]^`V

k403&% <()# <(''%()# =%*"E*-)()m>% -)/,)6% \% 4&040/% -$% ($% 23?)8% 23,8)B),)6% -?a%+4023$% -$/

4&)/$/%-$%(01/()$1($%b>%$6%4,&6)(38):&$'$16%-$%($%23?)8%-)/,)6%,80&/%\%4&040/%-$%8?,&6%M

F;A;%É%~�Ä%.?31$%B,T01%5+1+&,8$>%103/%/0''$/%\%8?+4023$%-$/%4&)/$/%-$%(01/()$1($;K?$/6%4$36Pe6&$>%,3%B01->%($%23)%(,&,(6+&)/$%6036$%8,%(3863&$%'0-$&1$>%(?$/6%23?$88$%-$7)$16-$%483/%$1%483/%(01/()$16$;%z3,1-%01%70)6%(0''$16%8$/%5$1/%&,)/011,)$16>%)',5)1,)$16%$6(&+,)$16>%-,1/%8$/%/):(8$/%4,//+/%$6%$1(0&$%,3%-+@36%-$%($%/):(8$>%01%/?,4$&T0)6%23?)8%H%,23$823$% (90/$% -$% (9,15+>% $6% 8$/% ',1)B$/6,6)01/>% 8$/% (&+,6)01/% 8$/% 483/% /4016,1+$/,3C03&-?93)%kC$%1$%/,)/%4,/%/)%(?$/6%31%@)$1%03%31%',8>%703/%e6$/%@$,3(034%')$3[%48,(+23$% '0)% 403&% $1% C35$&m% (0'40&6$16% 31$% 4,&6% -$% (01/()$1($% @$,3(034% 483/% 5&,1-$23?,36&$B0)/;G;.;%É%{(#2%&-)#4/(#9&/)#*9(?#%*-)&"0F;A;%É%=e'$%8?,&6)/6$%$//,)$%-$%(0'4&$1-&$%($%23?)8% B,)6>%1?$/6%483/% 8?)1/6&3'$16%-$

8?)1/4)&,6)01;G;.;% É% {(# 2%&-)# 4/(# 2A()'# /"(# O&""(# 2*%*2'5%-)'-4/(# ,(# 3A*%'# 7&,(%"(# 4/(# 9&/)

,&""(?#3g#tF;A;% É% K?$/6% 6&:/% 1037$,3% �% $6% C$% 1$% (&0)/% 4,/% 23$% ($8,% ,86:&$% 8$/% 23,8)6+/% -$

8?)17$16)01%h%/,70)&%($%23?01%&$B3/$%$6%403&230)%01%8$%&$B3/$%4$36%/6)'38$&%8,%(01/()$1($-$% ($% 23?)8% H% ,% \% )17$16$&>% $6% ,)-$&% \% -+(037&)&% 8$/% (,-&$/% -,1/% 8$/23$8/% 01% 4$36)17$16$&;%bX"Y

K$66$% a%4,&6% -$% (01/()$1($% @$,3(034% 483/% 5&,1-$% 23?,36&$B0)/%b% 23)% 403&

A$17$1)/6$% (,&,(6+&)/$% 8,% a%(3863&$% '0-$&1$%b>% 1$% /)51)B)$% 4,/% 31$% ,@/$1($% -$

a%(01/()$1($%b%-,1/%-$/%6$'4/%483/%,1()$1/>%1)%23$%8,%a%(01/()$1($%b%-,1/%8$/%,(6)7)6+/

93',)1$/>% 6$88$/%23$% 8$% &,)/011$'$16>% 8?)',5)1,6)01>% 8,% (&+,6)01>% /0)6% 8?,@036)//$'$16

-?31%(9$')1$'$16%-$% ()7)8)/,6)01%7$&/%31% +6,6% -,7,16,5$% +(8,)&+;%A$17$1)/6$% 106$% 31

a%(9,15$'$16%b% ka%01% /?,4$&T0)6%23?)8%H% ,%23$823$%(90/$%-$%(9,15+%bm;%F1%4,&8,16%-$

(01/()$1($>%)8%1$%/?,5)6%4,/%403&%A$17$1)/6$%-?)',5)1$&%23$%A,3-$8,)&$>%4,&%$[$'48$>

/$&,)6%'0)1/%(01/()$16>%'0)1/%+(8,)&+%-$%8?$1C$3%-$%/,%&$(9$&(9$%40+6)23$>%/)'48$'$16

($% 23$/6)011$'$16% 1$% 4&$1-% 4,/% 4,&6% ,3% 6&,7,)8% -$% (&+,6)01%h% 483/% 4&+()/+'$16% /,

-+',&(9$>% /01% '0-$% -$% 4$1/+$>% -$% (011,)//,1($>% )&"# 7&,(# ,(# )-."-=-2*'-&";% /016

-)BB+&$16/;% F6% A$17$1)/6$% B,)6% @)$1% ,44,&,{6&$% ($8,% -,1/% /,% 40+6)23$%M% A,3-$8,)&$% 1$

(9$&(9$% 4,/% \% a%4&$1-&$% (01/()$1($%b>% \% a%(0'4&$1-&$% ($% 23?)8% B,)6%b>% /,% 5&,'',)&$

40+6)23$% /$&,)6%'e'$% 4836w6% (016&,)&$% \% ($8,>% (,&%A,3-$8,)&$% $/6% -,7,16,5$% -,1/% 31$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X"Y%a%Q6&3(63&,8)/'$%$6%8)153)/6)23$%b>%$16&$6)$1%-$%G)$&&$%.,)[%,7$(%F')8$%A$17$1)/6$>%<()#<(''%()=%*"E*-)()>%1r%]!X!%k!XP"Z%C3)88$6%]^`Vm>%4;%]";%F16&$6)$1%&$4&)/%-,1/%8$%7083'$%-$/%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+#P>%*,88)',&->%G,&)/>%]^_X>%4;%!_P!V;

]`^

&$(9$&(9$%-?)1(0113;%A,3-$8,)&$%,%$[,(6$'$16%8,%-+',&(9$%-$%/,%40+6)23$>%/,% 8,153$

40+6)23$>%/01%'0-$%-$%/)51)B)(,6)01%$/6%($83)%-$/%2&%%()$&",*"2()%$6%-$% 8?59&2*'-&"%h

(?$/6% 31% '0-$% -$% 4$1/+$% $6% -$% (011,)//,1($># 31%7&,(# ,(% )-."-=-2*'-&"% -016% )8% $/6

8?)17$16$3&;

U1%40:'$%&+)17$16$%8$%8,15,5$>%8,%/)51)B),1($;%K$66$%-)'$1/)01%1?$/6%4,/%,66$)16$>

$88$%$/6%'e'$%1)+$%4,&%31$%,44&0(9$%&+,8)/6$%403&%23)%8,%8,15,5$%$/6%C3/6$%31$%'011,)$

-?+(9,15$%4&e6$%\%/$&7)&%)-$16)23$'$16>%4,&6036%$6%$1%6036%6$'4/;%D%483/)$3&/%&$4&)/$/

-,1/%8,%40+6)23$%23?)8%+(&)6>%A$17$1)/6$%0440/$%-3%40)16%-$%73$%-$%8,%3*"./(%03%-$%8,

.%*77*-%(#$&5'-4/(>%A,3-$8,)&$%\%=,88,&'+;%J8%)1-)23$%(0''$16%-$%8?31%\%8?,36&$%(?$/6

31$%,36&$%7)/)01>%31$%,36&$%8,153$%40+6)23$%23)%/$%&+,8)/$>%31%,36&$%&,440&6%,3%8,15,5$

$6% ,3% '01-$>% a%31$% ,36&$% 23,8)6+% -$% /)51)B)(,6)01%b% 23)% /?)17$16$>% 403&% &$4&$1-&$

8?$[4&$//)01%-$%A$17$1)/6$%-,1/%/01%$16&$6)$1%,7$(%*3H%.3'3&;%i0)()%31%$[$'48$%M

%%%%%%%Q)63,6)01%B01-,'$16,8$%$6%%%%%%-+()/)7$%-$%A,3-$8,)&$;%J8%$/6%%%%%%8$%-$&1)$&%\%6$1)&%31%7+&)6,@8$%%%%%-)/(03&/;

D4&:/%83)%($66$%106)01%/?,@08)6%%%%%-,1/%8,%6$1-,1($%%%=,88,&'+%É%%%%%7$&/%8?+7,103)//$'$16%4&0B01-%%%%%%-$%6036$%'$//,5$%$6%-$%8?0&5,P%%%%%%1)/,6)01%/H16,[)23$%-3%%%%%%%%-)/(03&/%%%%%QH'@08)/'$>%6$1-,1($%\%/038)51$&

%%%8?)'4&$//)B;X"`

A$17$1)/6$% )1-)23$% )()% 8,% 403&/3)6$% -?31% &$B3/% -3% &+,8)/'$% 8)153)/6)23$% -$

A,3-$8,)&$%\%=,88,&'+>%-)/,16%,)88$3&/%-$%($%-$&1)$&%a%=,88,&'+%4$3%\%4$3%/$%-+6,(9$

'e'$% -$% ($66$% 6&,1/40/)6)01>% 23)% $/6% $1(0&$% 31$% (01($//)01% \% 8,% &+,8)6+;% J8% % &+43-)$

'e'$%%6036$% %,883/)01%%\% %31%31)7$&/% %23)% %,3&,)6% %23$823$%%&,440&6%\% % 8,%ÅB01(6)01%-$

13'+&,)&$Å>%\%8?Å$'480)%+8+'$16,)&$%-3%-)/(03&/Å%bX"_;%S,%&$(9$&(9$%-$%A$17$1)/6$%/3&

8,% 8,153$% 40+6)23$>% 23)% 6)$16% $1/$'@8$% )17$16)01% -$% 8,153$% $6% )17$16)01% -$% 4$1/+$>

8?,1,8H/$%-$%4&,6)23$/%$6%-$%&$4&+/$16,6)01%-3%8,15,5$>%103/%&,44$88$%($%23$%Q,3//3&$

-+(037&$%-3%8,15,5$%,7$(%8$/%4,&,5&,''$/%M%23?$88$%$/6%31$%a%)&2-*'-&"#$)Q2:&3&.-4/(

)1+7)6,@8$% $6% 4&0B01-$%b>% 23$% 106&$% ',1):&$% -$% 4$1/$&% $/6% )1-)//0(),@8$% -$% 106&$

',1):&$% -$% 4,&8$&;% K?$/6% 403&% ($8,% 23$% 8,% 23$/6)01% -$% 8,% 708016+% 03% -3% 9,/,&-% -$/

4,&,5&,''$/%/?+7,103)6;%Q,3//3&$%+(&)6%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X"`%8FGH1<FID1>%]Y>%Br_%o%Br]]";X"_%8FGH1<FID1>%!!>%Br]X%o%Br!``;

]_Z

K?$/6% -?,)88$3&/% ($66$% =*2-3-'5# %(3*'-9(% -$% 8?9H405&,''$% 23)% $[48)23$% /$38$% 23$8?9H405&,''$% ,)6% -?,@0&-% 43% 7)7&$>% $6% $1/3)6$% /$% 6&,1/'$66&$% (0''$% 31$% (01-)6)01)'',123,@8$% $6% )1/+4,&,@8$% -$% 6036$% (0'40/)6)01% 8)66+&,)&$% \% 6&,7$&/% 8$/% /):(8$/% $6% 8$/')8)$3[%8$/%483/%-)BB+&$16/%23?,)6%(0113/%8,%(3863&$%8,6)1$;%K?$/6%\%8,%(01-)6)01%/$38$'$1623?)8%1$%(01/6)63|6%4,/%31%5&0/%(,//$P6e6$%u%90&/%-$/%&,BB)1$'$16/%23?01%+6,)6% 603C03&/8)@&$% -$% 83)% -011$&%u% 23$% ($% C$3% ,% 43% -$7$1)&% 8?,((0'4,51$'$16% 9,@)63$8>% 403&% 6036S,6)1%23)%4&$1,)6%8,%483'$>%-$%8,%B0&'$%23?)8%-011,)6%\%/,%4$1/+$%4&$/23$%\%8?)1/6,16%0g$88$%C,)88)//,)6%-$%/01%($&7$,3>%$6%0g%)8%/015$,)6%\%8,%'$66&$%$1%4&0/$%03%$1%7$&/;

z3$% 8?9H405&,''$% ,)6% ,66$)16% (9$I% 8$/% S,6)1/% ($% -$5&+% -?31$% )&2-*'-&"$)Q2:&3&.-4/(% )1+7)6,@8$% $6% 4&0B01-$>% (?$/6% $1% $BB$6% ($% 23)% &+/386$% 403&% 8$% &$/6$% -$8?)''$1/)6+%-$/%6$[6$/>%$6%90&/%-$%($%23$%C?$16$1-/%-)&$%/4+(),8$'$16%)();%X"V

S?9H405&,''$%1?$/6%4,/%31$%(016&,)16$>%)8%B,)6%/)'48$'$16%4,&6)$%-?31$%',1):&$

-?+(&)&$>%-?31$%',1):&$%-$%4$1/$&;%K?$/6%31$%a%(01-)6)01% )'',123,@8$%$6% )1/+4,&,@8$

-$% 6036$% (0'40/)6)01% 8)66+&,)&$%b>% a%8?,((0'4,51$'$16% 9,@)63$8>% 403&% 6036% S,6)1% 23)

4&$1,)6%8,%483'$>%-$%8,%B0&'$%23?)8%-011,)6%\%/,%4$1/+$%bX"^;%f1%70)6%6036%8?90&)I01%-$

&$(9$&(9$%23)%/?037&$%)()>%31$%&$(9$&(9$%9)/60&)$11$%/3&%8$/%4&,6)23$/%$6%&$4&+/$16,6)01/

-3% 8,15,5$>% -$% 8,% 4$1/+$;% f1% 70)6% (0''$% ($% 4&0C$6% /$% 403&/3)6% (9$I% A$17$1)/6$>

80&/23$% 4,&% $[$'48$% )8% 4,&8$% -$% 75'*)57*"'-4/(>% 03% -$% 3*"./(# $&5'-4/(%M% (?$/6% 8,

&$(9$&(9$%-$%8?)17$16)01%-$%B0&'$/%-$%8,15,5$>%-$%B0&'$/%-$%7)$%$1/$'@8$;%S,%23$/6)01

-$% 8?9H405&,''$% 4,&% $[$'48$% 1?$/6% 483/% a%403&230)%p%b>% ',)/% @)$1% -,7,16,5$

a%(0''$16%p%b>% (?$/6% 8,% 23$/6)01% -?31$% ,1,8H/$>% 23)% 603(9$% 8,% (3863&$>% 8$% /3C$6>% 8$

8,15,5$>%8,%/0()+6+;

.,1/%/01%$16&$6)$1%403&% 8$%c&/9(3#!O)(%9*'(/%>%A$17$1)/6$% B,)6% 6&:/%(8,)&$'$16

,44,&,{6&$%23$%106&$%',1):&$%-$%4,&8$&%1$%7,%4,/%-$%/0)>%23?$88$%$/6%31$%&$4&+/$16,6)01

-3%8,15,5$>%23?$88$%,44$88$%($66$%,1,8H/$>%$6%-?,36&$%4,&6%23?$BB$(6)7$'$16%8$/%+(&)7,)1/

23)%83)%/016%(016$'40&,)1/%',&23$16%-,1/%8$3&%-+',&(9$%-$%(&+,6)01%31$%(01/()$1($%-$

($66$%&$8,6)7)6+%-3%8,15,5$>%-$%8,%4$1/+$>%-$%8,%&+,8)6+>%8?)-+$%23?31%6&,7,)8%40+6)23$%4$36

6&,1/B0&'$&%31$%&$4&+/$16,6)01%-3%'01-$;%F6%8,%7)/)01%23$%8$/%,&6)/6$/%(&)6)23$16>%(?$/6

603C03&/% ($66$% &$4&+/$16,6)01% &+,8)/6$>% 31)B0&')/,6&)($>% -+/3@C$(6)7,16$>% ,9)/60&)/,16$>

23)%(0&&$/401-%,3//)%\%31$%5&,'',)&$>%\%31$%8)153)/6)23$;%A$17$1)/6$%+(&)6%$1%$BB$6%-$

8?,(6)7)6+%-$%(&+,6)01%23)%83)%$/6%(016$'40&,)1$%M%a%K?$/6%31$%&$')/$%$1%23$/6)01%-$%6036

8$%40370)&%/)51)B),16%6&,-)6)011$8%-3%8,15,5$;%J8%/?,5)6%-$%/,70)&%/)%8$%8,15,5$%$/6%703+%\

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X"V% R$&-)1,1-% -$% Q,3//3&$>% ',13/(&)6% ()6+% 4,&% #$,1% Q6,&0@)1/d)% -,1/% <()# S&')# )&/)# 3()# 7&')>% <()*"*.%*77()#,(#T(%,-"*",#,(#>*/))/%(>%*,88)',&->%G,&)/>%]^_]>%4;]]^;X"^%KB;%K980+%S,48,16)1$>%a%S$%/$16)'$16%-$%8,%8,153$%b>%)1%K&5'-4/(#,(#3A5'%*".(%+#C>%L$73$%-3.+4,&6$'$16%-?F63-$/%S)66+&,)&$/%D158,)/$/%-$%8?U1)7$&/)6+%G,&)/%V>%!ZZY>%4;%]Y"P]_V>%9664MooEEE;31)7P4,&)/V;B&o-$8,o$6&,15$&o4,5$/oYo8,48,16)1$;96'8

Marcelo

]_]

603C03&/%-+(&)&$%31%'01-$%)-$16)23$%4,&%-$/%'0H$1/%)-$16)23$/>%$1%7,&),16%/$38$'$16

8$% (90)[% -$/% +4)69:6$/% 03% -$/% 7$&@$/;%f3% @)$1% /)% 01% 4$36% $17)/,5$&% -?,36&$/%'0H$1/

-?$[4&$//)01%101%-$/(&)46)B/%$6%/?)8%H%,%31$%,36&$%23,8)6+%-$%/)51)B)(,6)01%23)%1,{6&,)6%-$

($66$% &3463&$%bXXZ;%K$%23$% 8$/%+(&)7,)1/%(016$'40&,)1/%-$%A$17$1)/6$%+(8,)&$16>% $6%23)

$/6% +7)-$''$16% (016)13% ,3[% -+(037$&6$/% B,)6$/% 4,&% 8$/% 8)153)/6$/% kQ,3//3&$>% A0,/>

Q,4)&>%Ç90&Bm%$6%,7$(% 8$/%-+(037$&6$/%-$% 8,%49H/)23$%4,&%$[$'48$%,3//)>%(?$/6%23$% 8$

'01-$% $/6% ,7,16% 6036% 31% &,440&6% ,3% '01-$>% $6% ($% &,440&6>% ($66$% '+-),6$6+>% (n$/6% 8$

8,15,5$% 23)% 8?)1/6,3&$;% S$/% &$',&23$/% -$% A$17$1)/6$% &,44$88$16% ($88$/% -$% l,69,8)$

Q,&&,36$%-,1/%<A1%(#,/#)&/$E&">%&,44$88$16%-$%',1):&$%5+1+&,8$%8$/%$[4+&)'$16,6)01/

'$1+$/%$1% 8)66+&,63&$%,4&:/% 8,% /$(01-$%53$&&$>% ($88$%-$%S03)/PL$1+%-$/%R0&e6/>%03%-$

Q,'3$8% A$(d$66>% -?D8,)1% L0@@$P*&)88$6% $6% -?,36&$/;% U1% a%'01-$% )-$16)23$%b% 23$

8?+(&)7,)1%1?,3&,)6%23?\%,52%-%(%4,&%-$/%a%'0H$1/%)-$16)23$/%b>%a%$1%7,&),16%/$38$'$16

8$% (90)[% -$/% +4)69:6$/% 03% -$/% 7$&@$/%b>% (?$/6% 8,% (&)6)23$% -?31% &,6)01,8)/'$>% -?31

0@C$(6)7)/'$>%-?31%&+,8)/'$>%-$% 8,%(&0H,1($%$1% 8,% B3/)01%-3% 8,15,5$%$6%-3%'01-$>%31

,7,16%A,@$8;%K$%23$%A$17$1)/6$%)1-)23$%$6%23$%($/%$[4+&)'$16,6)01/%-?+(&)63&$%,3&016

'016&+%,36&$'$16>%(?$/6%23$% 8$% 8,15,5$%1?$/6%4,/%23$823$%(90/$%-$%/)'48$>%-$%-+B)1)>

',)/%31$%&$(9$&(9$%101%/$38$'$16%-3%/$1/>%',)/%-$%7&,()#,(#)-."-=-2*'-&";%K$%23)%$/6

31%,36&$%1)7$,3%-$%(0'48$[)6+;%A$17$1)/6$%4,&8$%-?%/"(#%(7-)(#("#4/()'-&"#,(#'&/'# 3(

$&/9&-%#)-."-=-*"'#'%*,-'-&""(3#,/#3*".*.(;%J8%'$%/$'@8$%23$%($66$%&$')/$%$1%23$/6)01%\

4&040/%-3%8,15,5$>%A$17$1)/6$%8,%70H,)6%$6%$1%,1,8H/,)6%8,%'0-$&1)6+%(9$I%A,3-$8,)&$;

l03/% $1% ,701/% 8?)1-)($>% -:/% 8?)16)638+% a%8,% 8,153$% -$% A,3-$8,)&$%b%h% 03% $1(0&$% 8,

a%8,153$%40+6)23$%b%03%8$%a%8,15,5$%40+6)23$%b%-$%A,3-$8,)&$>%31%&,440&6%4,&6)(38)$&%,3

'01-$>%4&0-3)6%4,&%31%+(&)7,)1%4,&6)(38)$&;%S?$[4&$//)01%a%8,15,5$%40+6)23$%b%403&&,)6

103/%&$'48)&%-$%'+B),1($>%-?,36,16%23?$88$%403&&,)6%4,&,{6&$%6&04%/)'48$'$16%/?0440/$&

\% 8?$[4&$//)01% a%8,15,5$% 0&-)1,)&$%b;% F88$% /?H% 0440/$% $BB$(6)7$'$16% ',)/% ,36&$'$16

23?)8%,3&,)6%+6+%,66$1-3;%S$%a%8,15,5$%0&-)1,)&$%b%(?$/6% 8,% &$4&+/$16,6)01%$6% 8,%4&,6)23$

6&,-)6)011$88$% -?31% 8,15,5$% &+B+&$16)$8>% $88$% $/6% ($% 4,&% &,440&6% \% 230)% A$17$1)/6$% 7,

-+B)1)&%31%a%8,15,5$%40+6)23$%b%03%31$%a%8,153$%40+6)23$%b>%8$%8,15,5$%6$8%23?31%40:6$

8$%&+)17$16$%4,&%/,%4&,6)23$%M%8$%8,15,5$%40+6)23$%$/6%(&)6)23$>%)8%$/6%,3//)%0&-)1,)&$;%S,

40+6)23$% -$% A$17$1)/6$% 4$&'$6% 8,% (&)6)23$% -$% 8?0440/)6)01% $//$16)$88$% -3% a%8,15,5$

40+6)23$%b%$6%-3%a%8,15,5$%0&-)1,)&$%b;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XXZ%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%$16&$6)$1%-$%*3H%.3'3&%,7$(%F')8$%A$17$1)/6$>%43@8)+%-,1/%3(c&/9(3#!O)(%9*'(/%>%/4+(),8%8)66+&,)&$>%1r!]Z%@)/%k!Z%107$'@&$%,3%!Z%-+($'@&$%]^`Vm>%4;%"!P"";%L$4&)/-,1/%8$/%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"_;

Marcelo

]_!

S?$[4&$//)01% -?31% a%8,15,5$% 40+6)23$%b% 7)$16>% C$% (&0)/>% -3% 6&,7,)8% -$/

B0&',8)/6$/%&3//$/>%$88$%/$'@8$%/$%40438,&)/$&%$1%R&,1($%-,1/%8$/%,11+$/%]^`ZXX]>%4$36P

e6&$%4,&%8$%@),)/%-$/%6&,7,3[%-$%L0',1%#,d0@/01;%l03/%8,%6&03701/%\%483/)$3&/%&$4&)/$/

-,1/%8$/%6&,7,3[%43@8)+/%-$%A$17$1)/6$%XX!>%,)1/)%23$%C$% 8?,)%'016&+%483/%9,36XX">%',)/

(9$I%-?,36&$/%,36$3&/>%(,&%$88$%$/6%8$%(01($46%-?31$%+4023$>%8?+6,6%-?31%23$/6)011$'$16

/3&%8$%8,15,5$%$6%/3&%8,%8)66+&,63&$>%31%+6,6%-$%8,%23$/6)01%23$%A$17$1)/6$%,5$3*2(%4,&%/,

40+6)23$% k31%a%-+48,($'$16%b%4836w6%23?31%a%-+4,//$'$16%b% (0''$% 8$% /355:&$%<$1&)

=$/(9011)(XXX%\%4&040/%-$%8,%4$1/+$%-$%A$17$1)/6$m%h%A$17$1)/6$%-,1/%/$/%',13/(&)6/

-)6%$1%$BB$6%a%103/%6$1601/%($66$%(017$&/)01%-3%40)16%-$%73$%bXXY;%F1%]^``>%#$,1%K09$1

43@8)$%/01%037&,5$%>'%/2'/%(#,/#3*".*.(#$&5'-4/(>%*+&,&-%*$1$66$%$1%]^`V%43@8)$%31

,&6)(8$%a%S,15,5$%40+6)23$>%40+6)23$%-3%8,15,5$%b%&$4&)/%$1%]^`^%-,1/%T-./%()#II%h%#38),

}&)/6$7,% $1% ]^_"% 6$&')1$% 31$% 69:/$% 23)% /?)16)638$% <*".*.(+# )(")+# $&5)-(#6

'%*")=&%7*'-&"# ,/# 3*".*.(# $&5'-4/(# g# 3*# =-"# ,/# ÜIÜ(# )-;23(+# )(3&"# 3()# '(N'()# ,(

<*/'%5*7&"'# ('# ,(# S*33*%75>% 23)% -$7)$16% $1% ]^_X% /01% 037&,5$% <*# D59&3/'-&"# ,/

3*".*.(#$&5'-4/(%h%(?$/6%,3//)%8?$[4&$//)01%-?<$1&)%=$/(9011)(>%4,&%$[$'48$%-,1/%/01

,&6)(8$%a%G&0@8:'$%-3%8,15,5$%40+6)23$%-$%<350%b%$1%]^`VXX`;

D% 4&040/% -?31$% B)8),6)01% ,7$(% 8$% 8,@0&,60)&$% B0&',8)/6$>% C$% &$170)$% ,3% &$(3$)8

(0'40/+% $6% 6&,-3)6% 4,&% OI7$6,1% O0-0&07>% R:5&%-(# ,(# 3*# 3-''5%*'/%(+# R(N'()# ,()

=&%7*3-)'()#%/))()UUf>%403&%+(8,)&$&%-,7,16,5$%($66$%4$&/4$(6)7$;%=,)/% &$',&2301/%4,&

$[$'48$%23$% 8?0440/)6)01%$16&$%31%a%8,15,5$%40+6)23$%a%% $6%31%a%8,15,5$%4&0/,N23$%b

k03% a%0&-)1,)&$%bm>% $/6% ($88$% -$/% B0&',8)/6$/>% 4,&% $[$'48$%i)d60&%K9d807/d)% -,1/% /01

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XX]%S?$[4&$//)01%/$'@8$%1+,1'0)1/%/$%6&037$&%$1%B&,1T,)/%,7,16%8$/%,11+$/%]^`Z>%4,&%$[$'48$%-,1/%8$6&,7,)8%-$%<$1&)%Ç$@$&%/3&%=,3&)($%Q(:7$>%43@8)+%$1%]^XV%M%<(#3*".*.(#$&5'-4/(#,(#S*/%-2-(#>2;9(,*")#.+8)$>%G3@8)(,6)01/%-$%8?J1/6)636%B&,1T,)/%-$%R80&$1($>%R80&$1($>%]^XV;XX!%L0',1%#,d0@/01%+6,)6%4,&%,)88$3&/%31%,')%-$%A$17$1)/6$;XX"%KB;%4;%]X_%/7;XXX%D%4&040/%-3%a%-+4,//$'$16%b%23$%A$17$1)/6$%4&0C$66$%-,1/%8,%B)1%-$%8?,&6)(8$%a%Q+')0805)$%-$%8,8,153$%b>%<;%=$/(9011)(%+(&)6%M%a%F1%B,)6>%/$38%8$%'06%-+4,//$&%-011$%8?,44,&$1($%-?31$%-+',&(9$9+5+8)$11$>%A$17$1)/6$%1$%B,)6%4,/%31%-+4,//$'$16>%',)/%31%,5$3*2(7("'%106)011$8>%4,&%8?,440&6%-$(01($46/%1037$,3[;%S?$1/$'@8$%&$/6$%-3%(w6+%-$%Q,3//3&$>%',)/%/?0440/$%,3%/6&3(63&,8)/'$;%b>%%<$1&)=$/(9011)(>%a%A$17$1)/6$%M%/+',16)23$%/,1/%/+')06)23$%b>%)1%17-3(#8("9("-)'(#9-".'#*")#*$%;)kK088023$%-$%K$&)/H>%]!P]^%,0c6%]^^Ym>%13'+&0%/4+(),8%-$%SJlW>%/03/%8,%-)&$(6)01%-$%K8,3-)1$l0&',1-%$6%=)(9$8%D&&)7+>%KLS%É%U1)7$&/)6+%G,&)/%W>%]^^_>%4;%"!";XXY%8FGH1<FID1>%]X>%Br]%o%BrVZXX`%D3%K088023$%-$%K831H%a%S)153)/6)23$%$6%8)66+&,63&$%b%$1%,7&)8%]^`V;%S$%6$[6$%$/6%43@8)+%,7$(%8$/%,36&$/6$[6$/%-3%(088023$%-,1/%8$%13'+&0%/4+(),8%-$%<*#c&/9(33(#B%-'-4/(+#<-"./-)'-4/(#('#3-''5%*'/%(>%G,&)/>]^`V>%4;%]"XP]XZ;XX_%R:5&%-(#,(#3*#3-''5%*'/%(+#R(N'()#,()#=&%7*3-)'()#%/))()>%&+31)/>%4&+/$16+/%$6%6&,-3)6/%4,&%OI7$6,1O0-0&07>%Q$3)8>%G,&)/>%]^`Y;

Marcelo

]_"

,&6)(8$%a%G06$@1),%b%4,&3%-,1/#K&5'-4/(+#D(2/(-3)#)/%#3*#':5&%-(#,/#3*".*.(#$&5'-4/(%$1

]^]^>%+(&)6%23$%a%8,%(&+,6)01%-?31$%40+6)23$%/()$16)B)23$%$[)5$%23$%8?01%,-'$66$%-:/%8$

-+4,&6% 23?)8% $[)/6$% 31$% 8,153$% 40+6)23$% $6% 31$% 8,153$% 4&0/,N23$% -016% 8$/% 80)/% /016

-)BB+&$16$/>%)-+$%4&037+$%4,&%-$%'386)48$/%B,)6/;%l03/%-$701/%(0''$1($&%4,&%8?,1,8H/$

-$%($/%-)BB+&$1($/%bXXV;%K9$I%A$17$1)/6$%103/%403&&01/%4,&%$[$'48$%8)&$%M

%%%%%%%%%%%%%%%%%%%G&+8)')1,)&$/

S,%4&)1()4,8$%-)BB)(386+%É%31$%6&:/%5&,1-$%-)BB)(386+%É%%%%8)153)/6)23$

-$%8?+63-$%%-$%8,%8,153$%40+6)23$%7)$16%-$%($%23?01%1?,%53:&$

%4&)/%(01/()$1($%-$%8,%/4+()B)()6+%-$/%(,6+50&)$/%-$%($66$%B0&'$

%%-$%8,15,5$;

z3$823$/%4&05&:/%016%+6+%B,)6/%/3&%8,%70)$%-$%($66$%&$(011,)//,1($;

F1%4,&6)(38)$&%L;%#,d0@/01%k)()%4&+()/$&m

J8%B,36%@)$1%70)&%23$%8$/%/(9+',/%B01(6)011$8/%4&04&$/\%8?,1,8H/$

,y-3%8,15,5$%$1%5+1+&,8%$6%23)%/016%B,)6/%403&%($%23)%$/6

,44$8+%8,%a%4&0/$%b>%1$%(017)$11$16%4,/%\%8?,1,8H/$%-$%8,

%40+/)$;

l03/%6$1601/%($66$%%(017$&/)01%-3%40)16%-$%73$%%$6%($66$

$[480&,6)01%%%-,1/%',%6$16,6)7$%-$%%(&+,6)01%-?31%1037$,3

'0-:8$>%%(017,)1(3%%\%8,%B0)/%-$%/,%%1+($//)6+%$6%-$%/01

%)1/3BB)/,1($%4&+/$16$%M%106&$%6$16,6)7$%/$'@8$&,%&,-)(,8$;%l03/%/0''$/

%/c&%23?31%C03&%01%83)%&$4&0(9$&,%-$%1$%4,/%8?,70)&%+6+%,//$I;XX^

.,1/%31%4&$')$&% 6$'4/%01%/$&,%4$36Pe6&$%/3&4&)/%-$%70)&%A$17$1)/6$%4$1/$&%31$

a%8,153$% 40+6)23$%b>% $6% -$% 8,% -+B)1)&% (0''$% 31$% a%B0&'$% -$% 8,15,5$%b>% ,80&/% 'e'$

23?)8% 4,&,)//,)6% 23$% 403&% 83)% 8,% 8,153$% +6,)6% 8?3/,5$% 23$% 8?01% $1% B,)/,)6>% 8?$[$&()($% -3

8,15,5$%23$8%23?)8% /0)6;%z3$%/)51)B)$%-01(%($66$%a%B0&'$%-$% 8,15,5$%b%p% J8%,44,&,{6% $1

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XXV%i)d60&%K9d807/d)>%a%G06$@1),%b>%-,1/%8$/%D(2/(-3)#)/%#3*#':5&%-(#,/#<*".*.(#$&5'-4/(>%G$6&05&,->]^]^>%()6+%$6%6&,-3)6%4,&%OI7$6,1%O0-0&07%-,1/%R:5&%-(#,(#3*#3-''5%*'/%(+#52%-')#,()#=&%7*3-)'()#%/))()>Q$3)8>%G,&)/>%]^`Y>%4;%XX;XX^%8FGH1<FID1>%]X>%Br];

Marcelo

]_X

B,)6%23$%($66$%$[4&$//)01%1?+6,@8)6%4,/%-$/%-0',)1$/%-)BB+&$16/%-3% 8,15,5$>%23?$88$%$/6

'e'$% (&)6)23$% -$% (80)/011$'$16/% 23)% /+4,&$&,)$16% 8,% 40+/)$% $6% 8,% 4,&08$% +(9,15+$

(9,23$% C03&% /$801% -$/% (&)6:&$/% a%/6H8)/6)23$/%b>% -$% a%1)7$,3[% -$% 8,153$%b% 03% -$

a%8$[)23$%b%4,&%$[$'48$;%S,%106)01%-$%a%8,153$%40+6)23$%b%(9$I%A$17$1)/6$%1$%-+B)1)6

4,/% 31% 5$1&$>%',)/% @)$1% 31$% ,(6)7)6+% -,1/% /,% /4+()B)()6+;% F6% $1% ($8,% 8,% -+',&(9$% -$

A$17$1)/6$%/$%-)/6)153$%$6%40&6$%8,%(&)6)23$%-$%8,%-+',&(9$%B0&',8)/6$%403&%23)%)8%$[)/6$

-$%',1):&$% $//$16)$88$>% $6% 23$% 8?01% 403&&,% ,@/6&,)&$% 4,&% 70)$% -$% /()$1($>% 31% 8,15,5$

40+6)23$%/+4,&+%-?31%8,15,5$%4&0/,N23$;

S,%-+',&(9$%-$%A$17$1)/6$%$/6% 6036$%-)BB+&$16$;%O036%-?,@0&->% )8%$/6% 603C03&/%$6

/$38$'$16%23$/6)01%-?31%&,440&6%,3[%(90/$/>% C,',)/%-$/%(90/$/%'e'$/;% J8% /$%40/$%$1

,1,8H/6$>%)8%&$(9$&(9$%-$/%(,6+50&)$/%1037$88$/>%31%&$5,&-%1037$,3>%403&%23$823$%(90/$

23?01%1$%/,)6%4,/%$1(0&$%0@/$&7$&%M% 8$# 3*".*.(#$&5'-4/(;%A$17$1)/6$%4,&8$%-$%4&$1-&$

a%(01/()$1($%-$%8,%)$52-=-2-'5%-$/%(,6+50&)$/%-$%($66$%B0&'$%-$%8,15,5$%b>%-$%a%/(9+',/

B01(6)011$8/%4&04&$/%x\%8?,1,8H/$y%-3%8,15,5$%$1%5+1+&,8%b%23)%a%1$%(017)$11$16%4,/%\

8?,1,8H/$% -$% 8,% 40+/)$%b;%S$/% (,6+50&)$/%')/$/% $1%v37&$% 403&% 8?,1,8H/$% -3% a%8,15,5$

0&-)1,)&$%b% /016% )104+&,16$/% 403&% 8?,1,8H/$% -$% 8,% a%8,153$% 40+6)23$%b;% K0''$% )8% 8$

-)/,)6% $1%$BB$6% \%*3H%.3'3&%M%a%01%1$%4$36%-)&$%23$% 8?0@C$6% -$% 8?+63-$>% 8,%'+690-$% \

$'480H$&>% /0)$16% (8,)&$'$16% -+B)1)/;% J8% H% ,% -$/% 6$16,6)7$/% )16+&$//,16$/% ',)/% 23)

'016&$16% 8,% -)BB)(386+% -$% /0&6)&% -$/% (,6+50&)$/% 36)8)/+$/% 403&% 8?,1,8H/$% -3% 8,15,5$

0&-)1,)&$%bXYZ;%l03/%70H01/%@)$1%23$%(?$/6%8?,44&0(9$%$16):&$%-3%8,15,5$%23)%$/6%&$')/$

$1%23$/6)01>%($/%a%/(9+',/%B01(6)011$8/%b%/3&%8$/23$8/%&$40/$%8?,1,8H/$%+6,16%31%+6,6%-$

8,% 23$/6)01>% 31$% ,44&0(9$>%',)/% ,3//)% )104+&,16$% 403&% 8?,1,8H/$% -3% 8,15,5$%40+6)23$

23$%403&%8?,1,8H/$%-3%8,15,5$%$1%5+1+&,8;%G03&%($8,%A1$71$)/6$%$15,5$%31$%2&"9(%)-&"

,/#$&-"'#,(#9/(;

#$%8$%-)/,)/>%8$%8,15,5$%40+6)23$%$/6%403&%A$17$1)/6$%($%23)%'$6%$1%23$/6)01%$6

&$1037$88$% 8$/%(,6+50&)$/%-$% 8?,1,8H/$%$1%5+1+&,8;%F6%4&+()/+'$16% )()>%$6%(?$/6%($%23?)8

/038)51$>%($/%(,6+50&)$/%/$&016%1+($//,)&$'$16%)$52-=-4/();%A$17$1)/6$%4,&8$%$1%$BB$6%-$

a%8,%)$52-=-2-'5%-$/%(,6+50&)$/%-$%($66$% B0&'$%-$% 8,15,5$%b>%0g%01%1$%/+4,&$%4,/%$16&$

-$3[%'01-$/%23)%,44$88$&,)$16%(9,(31%8$3&%,44,&$)8%-$%(01($46/%$6%-$%'+690-$/>%',)/

0g%8?01%-)6%/$38$'$16%23$%8,%a%8,153$%40+6)23$%b%$/6%603C03&/%2(''(%a%8,153$%40+6)23$%b>

23)%&$1037$88$% 8$/%(,6+50&)$/%-$%8?,1,8H/$;%F1%'e'$%6$'4/>%(?$/6% 6036$% 8?,44&0(9$%-3

8,15,5$%23)%/?H%6&,1/B0&'$>%$6%A$17$1)/6$%7$36%&+,8)/$&%($66$%a%(017$&/)01%-3%40)16%-$

73$%b;% J8% ,1101($% 8,% a%(&+,6)01% -?31% 1037$,3% '0-:8$%b>% -)/,16% 23$% /,% a%6$16,6)7$

Marcelo
Marcelo

]_Y

/$'@8$&,%&,-)(,8$%b;%S$%40)16%-$%(0'4,&,)/01%$/6%8$%B,'$3[%,&6)(8$%-$%L0',1%#,d0@/01

$6% K8,3-$% S+7)PQ6&,3//% /3&% 8$% 40:'$% a%S$/% K9,6/%b% -$% K9,&8$/% A,3-$8,)&$;% K$66$

,1,8H/$%,7,)6%4,&3%-,1/% 8,% &$73$%<A[&77(% $1%]^`!>%$6%+6,)6%-$7$13$% 8$%'0-:8$%403&

31$%,1,8H/$%/6&3(63&,8$%-$%8,%40+/)$;%S$%4&0@8:'$%-$%($66$%,1,8H/$%+6,16%23?$88$%,3&,)6

43%e6&$% B,)6$% /,1/%-)BB+&$1($% /3&%1?)'40&6$%23$8% ,36&$%40:'$>% (0''$%$88$% /$% 8)')6$%\

&$',&23$&%-$/%B)53&$/%-$%&+4+6)6)01/%$6%-$%4,&,88+8)/'$/;%F88$%1$%-)/6)153$%4,/%8$%/805,1

-3%40:'$;%K016&,)&$'$16% ,3%4&0C$6% &$7$1-)23+%4,&%L0',1% #,d0@/01% 83)P'e'$>% ($66$

,1,8H/$%603&1$%8$%-0/%\%8,%3-''5%*%-'5%-3%40:'$>%($66$%8)66+&,&)6+%,H,16%+6+%-+B)1)$%4,&%83)

-:/% ]^]^% (0''$% a%($% 23)% B,)6% -?31$% v37&$% -011+$% 31$% v37&$% 8)66+&,)&$%b% ka%D)1/)>

8n0@C$6%-$%8,%/()$1($%-$%8,%8)66+&,63&$%1n$/6%4,/%8,%8)66+&,63&$%',)/%8,%8)66+&,&)6+>%(n$/6P\P-)&$

($%23)%B,)6%-n31$%v37&$%-011+$%31$%v37&$%8)66+&,)&$%b%XY]m;%=,85&+%6036>%L;%#,d0@/01%$6

K8;% S+7)PQ6&,3//% ,448)23$16% ($% 23?)8/% (011,)//$16% -+C\;% J8/% 1$% /?,66,(9$16% 4,/% \

-+(037&)&%8,%/4+()B)()6+%-3%40:'$>%($%$1%230)%($%40:'$%,44$88$%8?)17$16)01%-?31%&$5,&-

/4+()B)23$;%K$%23$%4&+()/+'$16%A$17$1)/6$%7,%B,)&$%,7$(%A,3-$8,)&$;%A$17$1)/6$%+(&)6

$1%$BB$6%k(?$/6%8$%B08)0%23)%/3)6%)''+-),6$'$16%($83)%23$%C$%7)$1/%-$%()6$&m%M

.)BB+&$1($/%-?,44&0(9$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%-$%8,%4):($%-$%%U1$%,44&0(9$%(01/)/6$%\%4,&6)&%-$%8,%(0'40/)6)01

40+6)%%7$&/%%(0''$%-?31$%-011+$>%%-$%8,%-+(&)&$>%-$%8,%-+'016$&%%%(0''$%31%0@C$6;%K?$/6%8?,1,8H/$%6$88$%23?01%8,%6&037$%')/$%$1%y,448)23+$%,3[%K9,6/%%-,1/%8$%@$8%,&6)(8$%-$%%S+7)PQ6&,3//%$6%#,d0@/01;

%%%U1$%,36&$%,44&0(9$%(01/)/6$&,%$1%31$%/$&,%-?31%%%%6H4$%6036%,36&$;%f1%/?$BB0&($&,%%-?,66$)1-&$%8,%/6&3(63&$%%%%%4&0B01-$%-$%/01%31)7$&/%40+6)23$%-,1/%8$%(90)[%%%%%%&+7+8,6$3&%-$/%)',5$/%$6%-,1/%8$3&%,&6)(38,6)01%XY!

S?,1,8H/$% -$% K8;% S+7)PQ6&,3//% $6% L;% #,d0@/01% $/6% $1% $BB$6% (0''$% 8?+(&)6

A$17$1)/6$%31$% ,1,8H/$%*$$3-4/5(;%A$17$1)/6$% B,)6% 8,% (&)6)23$% /)'48$%-?31$% ,44&0(9$

/6&3(63&,8)/6$>%,44&0(9$%23)%a%(01/)/6$%\%4,&6)&%~�Ä%x-$%8,%4):($%-$%7$&/y%(0''$%-?31$

-011+$>%-$%8,%-+(&)&$>%-$%8,%-+'016$&%(0''$%31%0@C$6%b;%B&77(#/"#&O@('>%,80&/%23$%8$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XYZ%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"_;XY]%L0',1%#,d0@/01>%T%*.7("')#,(#i#<*#"&/9(33(#$&5)-(#%/))(#n0#1)4/-))(#$%(7-;%(#6#Y53-7-%w:3(O"-\&9%k=0/(03>%]^]^m%~6&,-3(6)01%-$%OI7$6,1%O0-0&07Ä>%kc&9(@):*@*#%/))\*@*#$&(?-@*0#c*O%&)&\$(%9Q@0#Y-\'&%#w:3(O"-\&9%~G&,53$>%]^!]Ä>%)1%Z/()'-&")#,(#$&5'-4/(>%Q$3)8>%G,&)/>%]^_">%4;]Y;XY!%8FGH1<FID1>%]X>%Br!%o%BrV];

]_`

40:'$%(0''$%103/%8?,701/%73>%-0)6%6&,1/B0&'$&%8?,1,8H/$>%8?,1,8H/6$>%-+48,($&%8$%40)16

-$%73$>%8?)17$16$&%(0''$%)8%8?)17$16$%4,&($%23?)8%$/6%31%40:'$XY";%G,&%(016&,/6$%,7$(%8$

6&,7,)8%+8,@0&+%4,&%S+7)PQ6&,3//%$6%#,d0@/01>%A$17$1)/6$%4&040/$%31$%,44&0(9$%a%-?%31

6H4$%6036%,36&$%b;%J8%/$%-+',&23$%-01(%-?31$%,1,8H/$%23)%403&6,16%\%/01%+4023$%4037,)6

4,&,{6&$% 606,8$'$16% 107,6&)($>% 31$% ,1,8H/$% ',&23,16$% $6% 31% '0-:8$;% A$17$1)/6$% $/6

-,1/% 8?)''+-),6$% ,(63,8)6+% -$% ($66$% &+B8$[)01% $6% -,1/% 8,% &$(9$&(9$% -?31$% ,44&0(9$

-)BB+&$16$;%K$%/$&,%,3//)%8$%(,/%-?<$1&)%=$/(9011)(%-,1/%($/%'e'$/%,11+$/%h%K&/%#3*

$&5'-4/(% 4,&,{6&,% $1% $BB$6% $1% ]^_Z;%D% 4&040/% -$% 8?,44&0(9$% /6&3(63&,8)/6$% -3% 40:'$>

<$1&)%=$/(9011)(%+(&)7,)6%-+C\%M

S?,1,8H/$%B0&'$88$%403//+$%,7$(%($6%$/4&)6%-$%/H/6:'$%101%/$38$'$16%-+4,//$% 8$%4$&T3',)/%/)63$% 8,%7,8$3&%31)23$'$16%-,1/% 8,%(0'48$[)6+% /6&3(63&$88$>% 6&,1/40/,16%,3%1)7$,3/H16,5',6)23$% k$6% H% @8023,16% 8?,1,8H/$m% ($% 23$%i,8+&H% B,)/,)6% 403&% 8$% 6)//3% /010&$% -37$&/>% /,1/% 53:&$% /$% &+B+&$&% ,3[% 4,&,-)5'$/% 8$[)(,3[% -$% 8?v37&$/>% -$% 6036$% 8?v37&$>(01B01-,16% 8$/% /6&3(63&$/% 4&+$[)/6,16$/% -$/% B0&'$/% k31% /011$6>% 8?,8$[,1-&)1m% ,7$(% 8$3&36)8)/,6)01%31)23$;%l01%23$% ($66$% B0&',8)/,6)01%'0&490805)23$% k4,&B0)/% $[($//)7$m% /0)67)()$3/$>%',)/% $88$% (:-$% \% 8,% B,()8)6+>% \% 8?$1)7&$'$16% -$% /01% 4&04&$% C$3>% /3&% -$/% 6$[6$/(90)/)/%403&%8$3&%(,&,(6:&$%-+C\%B0&',8)/+>%$6%23)%1$%/016%4,/%6036$%8,%40+/)$;%Q3&6036>%$88$,%8$%60&6%-$%/?,&&e6$&%\%$88$P'e'$>%,80&/%23$%8?,(6$%-$%(0''31)(,6)01%40+6)23$%)1(836%@)$1-?,36&$/%&,440&6/>%-,1/%8?v37&$%03%$16&$%8?v37&$%$6%6036%($%23)%1?$/6%4,/%$88$>%H%(0'4&)/($3[%23$%8?9)/60)&$%,%(&++;%S$%6$[6$%/$'@8$%4&+6$[6$%\%8?$[$&()($%-?31$%69+0&)$;XYX

S,%(&)6)23$%-?31$%,448)(,6)01%-$%69+0&)$/%/3&%23$823$%(90/$%23)%4&+()/+'$16%$/6

(016&,)&$%\%6036$%,448)(,6)01>%\%6036$%0@C$(6)7,6)01>%$/6%(0''31$%\%F;%A$17$1)/6$%$6%<;

=$/(9011)(;%O03/%8$/%-$3[%6&,7,)88$16%\%-+(037&)&%31$%/4+()B)()6+%-3%40:'$%)'48)23,16

31$% /4+()B)()6+% -$% 8?,1,8H/$>% (?$/6P\P-)&$% 31$% )17$16)01% -$% 8?,1,8H/$>% -3% &$5,&->% 31$

6&,1/B0&',6)01%-$%8?,1,8H/6$%4,&%($%&$5,&->%4,&%($%40:'$;

A$17$1)/6$%4&+/$16$%-01(%,)1/)%/01%4&0C$6%-?,1,8H/$>%($66$%a%,44&0(9$%~�Ä%-?31

6H4$% 6036% ,36&$% b%M% a%f1% /?$BB0&($&,% -?,66$)1-&$% 8,% /6&3(63&$% 4&0B01-$% -$% /01% 31)7$&/

40+6)23$% -,1/% 8$% (90)[% &+7+8,6$3&% -$/% )',5$/% $6% -,1/% 8$3&% ,&6)(38,6)01%b;% A$17$1)/6$

4,&8$% -$% a%/6&3(63&$% 4&0B01-$%b% (,&% )8% 7$36% 4$1/$&% 8,% &$(9$&(9$% 8,% 483/% B)1$% -$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XY"%K$%23$%1$%4$36%23$%&$B3/$&%8$%/6&3(63&,8)/'$%23)%$/6%$1%23e6$%-?31%$BB,($'$16%-$%($83)%23)%&$5,&-$%,34&0B)6%-?31$%4&+6$1-3$%1$36&,8)6+%k70)&%'01%,1,8H/$%483/%9,36>%4;%^"%/7;>%\%4&040/%-?31%4,//,5$%-$8?,&6)(8$%a%S,153$%$6%/0()+6+%b%-$%K8,3-$%S+7)PQ6&,3//m;XYX%<$1&)%=$/(9011)(>%K&/%#3*#$&5'-4/(>%*,88)',&->%G,&)/>%]^_Z>%4;%!!P!";%<;%=$/(9011)(%&,44$88$-?,36&$%4,&6%k4;%!!m%23$%8,%(&)6)23$%-$%8?,44&0(9$%-$%#,d0@/01%,7,)6%4,&%$[$'48$%-+C\%+6+%'$1+$%4,&=)(9,$8%L)BB,6$&&$>%23)%+(&)7,)6%$1%]^``%-,1/%31%,&6)(8$%a%.$/(&)@)15%40$6)(%/6&3(63&$/%M%OE0%,44&0,(9$/60%A,3-$8,)&$?/%S$/%K9,6/%b%k-,1/%8$%1r"`P"_%-$%8,%&$73$%Ö*3(#T%("2:#>'/,-()%(01/,(&+$%,3a%Q6&3(63&,8)/'%bm%23$%a%8$/%/6&3(63&$/%8)153)/6)23$/%1$%/016%4,/%1+($//,)&$'$16%-$/%/6&3(63&$/40+6)23$/%b%k4;%!Z!m>%$6%23$%a%8$/%/6&3(63&$/%-+(&)6$/%1?$[48)23$16%4,/%($%23)%+6,@8)6%8$%(016,(6%$16&$%8,

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo

]__

8?0&)5)1,8)6+% -$% 8,% 8,153$% -$% A,3-$8,)&$;% S?$[4&$//)01% -?31% a%31)7$&/% 40+6)23$%b>

230)23$% 4,&,)//,16% /)'48$>% -$7&,% e6&$% )16$&&05+$>% (,&% ($% 1?$/6% 4,/% 31$% )',5$>% $88$

-+B)1)6%-+C\%23$823$%(90/$%-$%6&:/%4&+()/>%$6%23$%8?01%(0'4&$1-&,%31)23$'$16%/)%01%70)6

8,%7,8$3&%4,&6)(38):&$%-3%6$&'$%a%40+6)23$%b>%23)%-?,4&:/%'0)%1$%&$170)$%4,/%\%31%5$1&$

É% 8,%40+/)$%É%',)/%-,7,16,5$%\%31$%23,8)6+%-3% 8,15,5$>%\%31$%,(6)7)6+%4,&6)(38):&$%-3

/3C$6%-,1/%/,% 8,153$;%S$%(01($46%-?a%31)7$&/%40+6)23$%b%$/6% 8)153)/6)23$;%K$%1?$/6%4,/

31%&+,8)/'$;%S?31)7$&/%40+6)23$%-$%A,3-$8,)&$%(?$/6%($%23$%B,)6%8,%8,153$%-$%A,3-$8,)&$>

8?31)7$&/%23$%/01%40:'$%-+(037&$>%$6%(016)13$%$1(0&$%-$%-+(037&)&%-,1/%106&$%&$5,&-%\

103/;

S?$[4&$//)01% -?31$% a%/6&3(63&$% 4&0B01-$%b% -0)6% ($&6,)1$'$16% 103/% &,44$8$&% $1

4&$')$&% 8,% 5&,'',)&$% 5+1+&,6)7$% -016% $88$% $/6% 8$% (01($46% k8,% a%/6&3(63&$% 4&0B01-$%b

0440/+$%\%8,%a%/6&3(63&$%-$%/3&B,($%bm%h%l0,'%K90'/dH%43@8)$%B*%'()-*"#<-"./-)'-2)%$1

]^`Y;%=,)/%A$17$1)/6$%B0&'38$%31$%(&)6)23$%-$%($66$%,44&0(9$%-3%8,15,5$>%43)/23$%8,

a%/6&3(63&$% 4&0B01-$%b% 23?)8% 7$36% ,66$)1-&$% (?$/6% 8?31)7$&/% 4,&6)(38)$&% -?31% 40:6$>

80&/23$% 8$% (01($46% -$% a%/6&3(63&$% 4&0B01-$%b% (9$I% K90'/dH% $/6% ,3% (016&,)&$% 8,

&$(9$&(9$%-?31%31)7$&/$8>%,9)/60&)23$;%K?$/6%31%$//$16),8)/'$;

.?,36&$%4,&6>%8?$[4&$//)01%a%/6&3(63&$%4&0B01-$%b%&+/011$%,7$(%31$%69+',6)23$%-$

8,% 4&0B01-$3&% 23$% 8?01% 6&037$% $BB$(6)7$'$16% (9$I% A,3-$8,)&$;% #$,1PG)$&&$% L)(9,&-

'016&$&,%8?)'40&6,1($%40+6)23$%$6%9)/60&)23$%-$%($%69:'$%-,1/%/01%037&,5$#K&5)-(#('

$%&=&",(/%>% 43@8)+% $1% ]^YY>% 23)% &,//$'@8$% 23,6&$% $//,)/>% /3&% l$&7,8>% A,3-$8,)&$>

L)'@,3-% $6% i$&8,)1$;% J8% +(&)6% ,)1/)%M% a%)8% '?,% /$'@8+% 23$% 8$3&% ,7$163&$% 40+6)23$

(01/)/6,)6% $1%31$% ($&6,)1$% $[4+&)$1($%-$% 8?,@{'$>% ,@{'$%-$% 8?0@C$6>% -$% 8,% (01/()$1($>

-?,36&3)>%-3%/$16)'$16%$6%-3%8,15,5$;%S?e6&$%403&%$3[%$/6%@)$1%4$&-3%-,1/%8$/%/08)63-$/

4&0B01-$/>% $6% (?$/6% -3% B01-% -$% ($66$% 4&0B01-$3&% 23?)8% /$% ',1)B$/6$% ,3% /$1/% $6% \% 8,

(01/()$1($%bXYY;% S?$//,)% (01/,(&+% \%A,3-$8,)&$% /?)16)638$% $[,(6$'$16% a%G&0B01-$3&% -$

A,3-$8,)&$%b;% f1% &$6&037$% 4,&B0)/% -,1/% 8?+(&)63&$% -$% A$17$1)/6$% 23$823$% (90/$% -$

(0''31%\%8,%-+',&(9$%-$%8,%(&)6)23$%69+',6)23$%-$%#$,1PG)$&&$%L)(9,&-%h%/,%',1):&$

-$%-+(&)&$%31%31)7$&/%40+6)23$%$1%/?H%B01-,16%M %

G&0(+-+/%M

%%%%%S$%40:6$%(&+$%$1%8$/%-+10'',16%%-$/%e6&$/%1037$,3[%>%%-$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%40+/)$%$6%8$%8$(6$3&%b%k4;%!]"m;%K?$/6%31$%(&)6)23$/%-$/%8)')6$/%-3%/6&3(63&,8)/'$>%23)%70)6%-+C\%($%23$%8$/6&3(63&,8)/'$%1$%70)6%4,/;XYY%#$,1PG)$&&$%L)(9,&->%K&5)-(#('#$%&=&",(/%>%Q$3)8>%G,&)/>%]^YY>%4;%]Z;

Marcelo
Marcelo

]_V

e6&$/%-$%40+/)$>%23)%7)7$16%-?31$%7)$%4&04&$>%)16$1/$>%)1/4)&,16$;K$%/016%8,%13)6>%8,%831$>%8,%'$&;%%%%%%)8%(9$&(9$%8$/%8?e6&$%4&0B01->%(,(9+>%-$/%90''$/%$6-$/%(90/$/;%S$%/$16)'$16%23?)8%+7$)88$%$/6%($83)%-$%8,13-)6+%4&0B01-$>%-$%8?e6&$%4&0B01->%(,(9+%&$(037$&6%-$/(017$16)01/%/0&-)-$/>%-+B)53&+%4,&%8$/%(,8(38/%'+(9,16/;J8%7$36%8$%&$/6)63$&%\%8?)110($1($%4&$'):&$>%83)B,)&$%&$6&037$&%8$/%4,&,-)/%4$&-3/>%&$(&+$&%8,%B&,{(9$3&-3%'01-$;%%%%%%%%%O036$%/01%$[4+&)$1($%$/6%31%&$603&%\%8,%(01-)6)01%4$&-3$>%\%6036%($%23)%5{6%$1B03)%%ka%8$%4$348$%-$/%'+6,3[%;;bm>%\%($%23)%-0&6%-,1/%8$%%/037$1)&>%,3[%4,&B3'/%03@8)+/%kS$%B8,(01m%23$%%%/,%4,&08$%&$//3/()6$%403&%8?+4&037$&%\%1037$,3%%%%$6>%4,//,16%4,&%8$%7$&/>%-?$[)/6%,(23)$&6%%%%%$[)/6$1($%-,1/%8?+70(,6)01%$6%1?$[)/6$%23$%%%%%%(0''$%10/6,85)$;%k8$/%a%6$'4/%b%(9$I%A,3-$8,)&$mXY`

f1%1$% &$6&037$%4,/%(9$I%A$17$1)/6$%-$% &+B+&$1($%$[48)()6+$%,3% 6&,7,)8% -$% #$,1P

G)$&&$% L)(9,&->% 01% 1$% 4$36% 4,/% ,BB)&'$&% 23?)8% 8?,% 83>% 23?)8% ,% 83% a%G&0B01-$3&% -$

A,3-$8,)&$%b%4,&%$[$'48$;%l+,1'0)1/>%01%&$6&037$%(9$I%83)%31$%',1):&$%23)%$/6%($88$

-$% #$,1PG)$&&$% L)(9,&->% 31$% ',1):&$% -$% /$% B01-&$% -,1/% 8?31)7$&/% 40+6)23$% -$

A,3-$8,)&$>%-?$1%$'4&316$&%8?+(&)63&$>%($%23)%$/6%/)'48$'$16%(016)13%,7$(%8,%7)/)01%23$

A,3-$8,)&$%-+(037&$>%($%23$%A$17$1)/6$%+101($%,)1/)%M%a%A,3-$8,)&$%1$%7$36%4,/%70)&%8$

'01-$%h%)8%7$36%8?+6&$)1-&$>%)8%7$36%8$%40//+-$&%bXY_;

A$17$1)/6$%&$C0)16%8,%(&)6)23$%69+',6)23$%-,1/%/01%4&0C$6%-$%-+(037&)&%31%31)7$&/

40+6)23$%4,&6)(38)$&%h% (0''$% #;PG;%L)(9,&->% )8% -+7$8044$% /01% ,1,8H/$% ,7$(% 8$/% 6$&'$/

23)%/016%($3[%-$%A,3-$8,)&$%M%',)/%)8%'$%/$'@8$%)'40&6,16%-$%-)BB+&$1()$&%$16&$%($%23)

&+3//)6%31$%40+6)23$%(9$I%A$17$1)/6$%$6%($%23)%8?,44&0(9$%/$38$'$16%(9$I%#$,1PG)$&&$

L)(9,&-;%A$17$1)/6$% /$%-+',&23$%/$801%'0)%-$% 8?,44&0(9$% 69+',6)23$%4,&($%23?)8%1$

&$(9$&(9$%4,/% /$38$'$16%\%-+(&)&$%31%31)7$&/>%31$%7)/)01>%31%7)7&$>% ,3//)%4,&6)(38)$&/

/0)$16P)8/>%',)/%/$%40/$%8,%23$/6)01%-$%8,%)-."-=-*"2(>%-$%($%23?)8%,44$88$%8,%a%5&,'',)&$

/+',16)23$%k03%40+6)23$%pm%b%M%)8%/$%-$',1-$%2&77("'%31$%7)/)01%/?)17$16$%$6%101%483/

/$38$'$16% a%23$88$% 7)/)01% b;% Q01% 23$/6)011$'$16% $/6% 8)153)/6)23$>% 40+6)23$;% G03&

A$17$1)/6$% )8% 1?H% ,% 4,/% -?)17$16)01% -3% &$5,&-% /,1/% 8?)17$16)01% -?31$% 5&,'',)&$

1037$88$>% (?$/6P\P-)&$% -?31$% 8,153$% 1037$88$;% J8% 1?H% ,% 4,/% 403&% 83)% -?)17$16)01% -$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XY`%8FGH1<FID1>%V>%BrX%o%Br]X;XY_%8FGH1<FID1>%`>%Br]%o%Br`;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo

]_^

=&%7()#,(#9-(%23)%1$%/0)6%$1%'e'$%6$'4/%8?)17$16)01%-?31$%=&%7()#,(#3*".*.(UCM;%l03/

8$%70H01/%-:/%8$%4&$')$&%B08)0%(01/,(&+%\%($66$%+63-$%/3&%A,3-$8,)&$XY^%M

A,3-$8,)&$%%%1$%7$36%4,/%70)&%%8$%%'01-$%h%)8%7$36%8?+6&$)1-&$>)8%7$36%8$%40//+-$&;%X`Z

A$17$1)/6$%1$%-)/6)153$%4,/%/$38$'$16%)()%8$%-+/)&%6&:/%)1-)7)-3$8%-?31%40:6$>%/01

)16$16)01% $6% 4$36Pe6&$% 'e'$% ($% 23?)8% B,)6>% ',)/% 31$% ,7$163&$% @)$1% 483/

)16$&/3@C$(6)7,16$>% 43)/23?)8% 70)6% (9$I%A,3-$8,)&$% 8?)17$16$3&% -?31$%',1):&$% 1037$88$

-$% 70)&%M% a%+6&$)1-&$%b>% a%40//+-$&%b;% U1$% ',1):&$% 1037$88$% 23)% $/6% -$7$13$% 31$

',1):&$% (0''31$;%D% 6$8% 40)16% 23$% -$% 80)1% 01% 1?$1% -)/6)153$% 483/% 8,% 1037$,36+;%f1

&$4$1/$% \% =,&($8% G&03/6% -)/,16% (0''$16% 8$% /6H8$% -$% R8,3@$&6>% 23)% $/6% 403&% 83)% 31$

0&)5)1,8)6+%5&,'',6)(,8$>%$/6%-$7$13%31$%',1):&$%(0''31$%M

Q01%0&)5)1,8)6+% )''$1/$>%-3&,@8$>%4&$/23$%'+(011,)//,@8$%4,&($%23n$88$% /n$/6% 6$88$'$16)1(,&1+$%\% 8,% 8,153$% 8)66+&,)&$%-$%106&$% 6$'4/%23$%103/% 8)/01/%-3%R8,3@$&6% /03/% 8$%10'-n,36&$/% +(&)7,)1/% /,1/% /,70)&% 23n)8/% 1$% B016% 23$% 4,&8$&% (0''$% 83)>% $/6% 31$% 0&)5)1,8)6+5&,'',6)(,8$;%J8%4$36%B,)&$%(0'4&$1-&$%($%23n016%+6+%($&6,)1/%4$)16&$/%-,1/%8n9)/60)&$%-$8n,&6% 23)% 016% (9,15+% 8,% (038$3&% kpm% kK)',@3$>% *)0660m;% F6% 8,% &+70836)01% -$% 7)/)01>% -$&$4&+/$16,6)01%-3%'01-$%23)% -+(038$% P% 03% $/6% $[4&)'+$% P% 4,&% /,% /H16,[$>% $/6% 4$36Pe6&$,3//)%5&,1-$%23$%($88$%-$%},16%-+48,T,16% 8$% ($16&$%-$% 8,% (011,)//,1($%-3%'01-$%-,1/8n|'$;%.,1/%~/$/Ä%5&,1-$/%49&,/$/%8$/%(90/$/%$[)/6$16%101%4,/%(0''$%8n,(($//0)&$%-n31$9)/60)&$>%',)/%-,1/% 8,% &+,8)6+%-$% 8$3&%,44,&)6)01% h% $88$/% /016%5+1+&,8$'$16% 8$% /3C$6%-$% 8,49&,/$>% (,&% 8$% 4$&/011,5$% 1n)16$&7)$16% 4,/% $6% /3@)6% 8,% 7)/)01% M% a% U1% 7)88,5$% 4,&36>% -$/4$348)$&/%/n,8)51:&$16%$6(;%bX`]

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XYV%T&%7()#,(#9-(>%403&%&$4&$1-&$%($%(01($46%\%<$1&)%=$/(9011)(>%23)%8$%&$4&$1,)6%83)P'e'$%\%S3-E)5Ç)665$1/6$)1;%Q)%A,3-$8,)&$%&+P)17$16$%31%7)7&$>%31$%&+,8)6+%1$37$>%)8%&+P)17$16$%-?,@0&-%03%4,&6)()4$%\&+P)17$16$&%31$%&$4&+/$16,6)01%$6%4&,6)23$%-3%8,15,5$>%31$%=&%7(#,(#3*".*.(;%L,44$801/%($66$B0&'38,6)01%-?<$1&)%=$/(9011)(>%a%D3//);%Sn)17$16)01%-n31$%B0&'$%-$%7)$%4,&%31$%B0&'$%-$%8,15,5$%$6)1/+4,&,@8$'$16%8n)17$16)01%-n31$%B0&'$%-$%8,15,5$%4,&%31$%B0&'$%-$%7)$;%J17$16)01%$6%6&,1/B0&',6)01;%b>9664Moo968;8)153)/6;C3//)$3;B&o13']o'$/(9011)(;96';XY^%S$%-0//)$&%a%8*/,(3*-%(%b%(0'4&$1,16%Y%4&$'):&$%(9$')/$/%-016%8$/%B08)0/%/016%(01/,(&+/%\8?,[)0805)$;%i&,)/$'@8,@8$'$16>%)8%/?,5)//,)6%-?31%(0'46$P&$1-3>%03%-?31%,&6)(8$%/3&%8?,[)0805)$%$64,&6)(38):&$'$16%/3&%31%,&6)(8$%-$%D;%Q,8,I,&%A01-H>%a%S,%/()$1($%,448)23+$%\%8?90''$%4$36P$88$%/$4,//$&%-?,[)0805)$%p%b;%S,%(90/$%+6011,16$%+6,16%23$%($66$%,&6)(8$%1$%4,&,{6&,%23?$1%-+($'@&$%]^_Z>%(?$/6P\P-)&$%,4&:/%8?,(()-$16%-$%A$17$1)/6$;X`Z%8FGH1<FID1>%`>%Br]%o%Br`;X`]%=,&($8%G&03/6>%a%D%,C036$&%\%R8,3@$&6%b>%)1%B&"'%(#>*-"'(`8(/9(>%*,88)',&->%a%@)@8)069:23$%-$%8,G8+),-$%b>%G,&)/>%]^_]>%4;%!^^;%fg>%,)88$3&/%M%a%~�Ä%-01(%($6%)'4,&B,)6>%/)%1037$,3%-,1/%8,%8)66+&,63&$>(9,15$%$16):&$'$16%8n,/4$(6%-$/%(90/$/%$6%-$/%e6&$/>%(0''$%B016%31$%8,'4$%23n01%,%-+48,(+$>%8n,&&)7+$-,1/%31$%',)/01%1037$88$>%8n,1()$11$%/)%$88$%$/6%4&$/23$%7)-$%$6%23n01%$/6%$1%48$)1%-+'+1,5$'$16;%Kn$/6($%5$1&$%-$%6&)/6$//$>%B,)6%-$%8,%&3463&$%-$/%9,@)63-$/%$6%-$%8n)&&+,8)6+%-3%-+(0&>%23$%-011$%8$%/6H8$%-$R8,3@$&6>%($%/6H8$%/)%1037$,3%23,1-%($%1$%/$&,)6%23$%4,&%8\;%K$6%)'4,&B,)6%/$&6%\%&,440&6$&%101%/$38$'$168$/%4,&08$/%',)/%6036$%8,%7)$%-$/%5$1/%b>%=,&($8%G&03/6>%a%D%4&040/%-3%a%/6H8$%b%-$%R8,3@$&6%b%k]^!Zm>%)11))*-)#('#*%'-23()>%*,88)',&->%a%R08)0%$//,)/%b>%G,&)/>%4;%!V`%h%)1%B&"'%(#>*-"'(`8(/9(>%*,88)',&->a%@)@8)069:23$%-$%8,%G8+),-$%b>%G,&)/>%]^_]>%4;%Y^Z;

Marcelo
Marcelo

]VZ

G&03/6>% (0''$% A$17$1)/6$>% B,)6% ,44,&,{6&$% 31$% 9)/60)&$% -$/% )-+$/>% ',)/% 31$

9)/60)&$% -$/% )-+$/% @)$1% 4,&6)(38):&$% 43)/23?$88$% $/6% 8)153)/6)23$;% G&03/6% 4,&8$% -?31$

a%0&)5)1,8)6+%5&,'',6)(,8$%b>%A$17$1)/6$%4,&8$&,%,3//)%-$%.%*77*-%(>%-$%8?%a%0&)5)1,8)6+

-$% 8,% 5&,'',)&$% 40+6)23$% -$% A,3-$8,)&$%bX`!>% 03% /)'48$'$16% -$% 8,% a%8,153$% -$

A,3-$8,)&$%b;%A$17$1)/6$%B,)6%,44,&,{6&$%,7$(%A,3-$8,)&$%23?01%4$36%70)&%8$%'01-$>%8$

-+(&)&$>% 03% @)$1% 8?+6&$)1-&$>% 8$% 40//+-$&>% )8%'016&$% -$% 23$88$%',1):&$% A,3-$8,)&$%B,)6

($66$%2&"9(%)-&"X`">%$6%/01%$1C$3>%8$%4,//,5$%-?31$%7)/)01%$6%-?31$%8,153$%&+,8)/6$%\%31$

8,153$% 40+6)23$>% 0g% 8$% /3C$6% $/6% 8,% /03&($% -$% 8,% 7)/)01>% -3% '01-$% -323$8% )8% 1$% /$

-+(01B01-%4,/;%S$%4,//,5$%$/6%,80&/%,3//)%-?31$%$[6+&)0&)6+%-3%8,15,5$%$6%-$%8,%&+,8)6+>%\

31$% )16+&)0&)6+%-$% 8?0&-&$%-$% 8,%7)$;%A$17$1)/6$%4,&8$%,)1/)%-$%)("'-7("'% $6%-?57&'-&">

',)/%23?01%1$%/?H%6&0'4$%4,/>%($%1?$/6%4,/%31$%4/H(90805)$>%(?$/6%31$%8)153)/6)23$;

G03&%A$17$1)/6$>% 8$%40:6$%-+70)8$%31$% &+,8)6+%23$% 8?9,@)63-$%(,(9,)6>%31$%7+&)6+

23)%83)%$/6%4&04&$%$6%23)%-$7)$16%(0''31$;

%%%%%%%%%S$%40:6$%103/%,44&$1-%%%8,%7+&)6+%%%$6%103/&+7:8$%-+70)8$%8,%7+&)6+%&+,8)6+%%%;%%%S,%7+&)6+%/3&83)%%%$6%-$%6$88$%',1):&$%23?$88$%103/%,44,&,)//$%8,%7+&)6+/3&%103/%h%%%8,%&+,8)6+%',/23+$%4,&%8,%(017$16)0103%8?9,@)63-$%$6%23)%@&)88$%(0''$%\%8,%(&+,6)01;X`X

a%L+,8)6+%b% $6% 7+&)6+%b% /?0440/$16>% (0''$% ,3//)% a%-+70)8$&%b% $6% a%&+7+8$&%b% É

4$36Pe6&$% 8,% &,63&$%,P6P$88$% )()%31$%7,8$3&%4,&6)(38):&$>%$88$%1$%&,H$%4,/>%$88$%'016&$%($

23?$88$%1$%-)6%4,/;%G03&%A$17$1)/6$%8$%40:6$%1$%a%&+7:8$%b%4,/%8,%a%7+&)6+%b>%)8%,59&-3(#3*

%5*3-'5>% )8% ,52&/9%(% 31$% &+,8)6+% 23)% +6,)6% C3/23?\% 8\% a%',/23+$%b% 4,&% 8,% (017$16)01>

a%&$(037$&6$%b>% a%(,(9+%b;% f1% 8)6% ,)1/)% -,1/% 31% ,36&$% B$3)88$6%M% a%8$% /$16)'$16% 23?)8

+7$)88$% $/6% ($83)% -$% 8,% 13-)6+% 4&0B01-$>% -$% 8?e6&$% 4&0B01->% (,(9+% &$(037$&6% -$/

(017$16)01/% /0&-)-$/>% -+B)53&+% 4,&% 8$/% (,8(38/% '+(9,16/%bX`Y;% S,% a%(017$16)01%b>

8?a%9,@)63-$%b%$/6%($%23)%$'4e(9$%-$%70)&% 8,%&+,8)6+>%($%23)%$/6%(016&,)&$%,3%4&+/$16>%\

8?59(-3%h% 01% 4$1/$% \%=,$6$&8)1(d% 23)% 4,&8,)6% -3% 69+|6&$% -$% /01% +4023$% (0''$% -?31$

a%9,)$%b>% 03% -?31% a%,1,(9&01)/'$%bX``%M% a%S$% 69+|6&$% ,(63$8% $/6% 8,% 4&)/01% -3% &e7$% É% 8,

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X`!%8FGH1<FID1>%!!>%Br`_%o%Br"]^;X`"%K?$/6%A$17$1)/6$%23)%4,&8$%-$%a%(017$&/)01%-3%40)16%-$%73$%b%23?,44$88$%8$%a%<*".*.(#$&5'-4/(%b>($66$%(017$&/)01%+6,16%,36,16%-,1/%8$%/3C$6%23)%&$5,&-$%23$%-,1/%($%23?)8%&$5,&-$;X`X%8FGH1<FID1>%V>%Br_%o%Br]_;X`Y%8FGH1<FID1>%V>%BrX%o%Br]X;X``%a%G&$/23$%603/%10/%,36$3&/%6&,5)23$/%1?,4$&T0)7$16%23$%8,%7)$%-?,36&$B0)/%h%$6%8?01%4$36%,BB)&'$&%23$6036%106&$%69+|6&$%$/6%,1,(9&01)23$%$6%23$%8?,&6%-&,',6)23$%&$6,&-$%-3%'e'$%10'@&$%-?,11+$/%23$%8,/(38463&$;%J8%1?$1%$/6%4,/%-$%'e'$%-$%8,%@011$%4$)163&$%$6%-$%8,%@011$%'3/)23$>%4,&%$[$'48$>%23)%016%/3

Marcelo
Marcelo
Marcelo

]V]

5$w8$% -$% 8?,&6>% (?$/6% 8,% 8)')6$>% 8,% @0&1$>% 8,% 9,)$%bX`_;% G03&% A$17$1)/6$% 8$% a%8,15,5$

0&-)1,)&$%b% $/6% 31$% (017$16)01% 23)% (,(9$% 8,% %5*3-'5>% 23)% )'48)23$% 31$% -)/4,&)6)01% -3

/3C$6% -,1/% 8$% (0''31>% 31% ,'3N//$'$16% -$% 8?+7$)8% $6% -$% 8,% /$1/)@)8)6+>% a%8,% 8,153$

0&-)1,)&$% 4&+/$16$% 31$% /$38$% $6% (01/6,16$% % (,6+50&)/,6)01% -3% '01-$>% 8,% 'e'$% 403&

603/%bX`V;%.?31%,36&$%(w6+>%a%S,%40+/)$%7$36%/$38$'$16%%(0''31)23$&%%31$%+'06)01;%%J8

1?H% ,% 4,/% -$% '$//,5$>% ',)/% /$38$'$16% 31% +7$)8>% 31$% &+($46)7)6+%bX`^;% S0&/23$

A$17$1)/6$%+(&)6%23$%a%S$%40:6$%103/%,44&$1-%%8,%7+&)6+%$6%103/%&+7:8$%-+70)8$%8,%7+&)6+

&+,8)6+;%S,%7+&)6+%/3&%83)%$6%-$%6$88$%',1):&$%23?$88$%103/%,44,&,)//$%8,%7+&)6+%/3&%103/%b>

)8% B,36% @)$1% B,)&$% ,66$16)01% -$% 70)&% 23$% 8$% 6$&'$% -$% a%7+&)6+%b% $/6% 6&,1/B0&'+% 4,&

8?$[4&$//)01% -?31$% %5*3-'5# ,59&-35(%h% ($% 1?$/6% 483/% -$% ($66$% 7+&)6+% &+7+8+$% -016% )8% $/6

23$/6)01>%',)/% -?31% ,36&$% 6H4$% -$% 7+&)6+>% 6&,1/)60)&$>% 101% ,@/083$;% S$% (016&,)&$% -?31

&+,8)/'$>%$1(0&$;

f1% 6&037$% -,1/% 8$/% ',13/(&)6/% -$% A$17$1)/6$% 6036$% 31$% /+&)$% -$% &+B8$[)01/% \

4&040/%-?31$%(&)6)23$%(9$I%A,3-$8,)&$%-3%4&0(+-+%-$%8,%-$/(&)46)01>%($%4&0(+-+%1?+6,16

4,/% C3/6$%31$%/)'48$% 6$(91)23$%',)/%31$%',1):&$%-$%-)&$%23)% /$&,)6% &$/401/,@8$%-?31

',1):&$% -$% 70)&>% -$% 4$1/$&>% -?31% ($&6,)1% &+$8;% f1% 0@/$&7,)6% \% 8?)1/6,16% ($66$% (&)6)23$

-?31%8,15,5$%&+,8)/6$%80&/23$%A$17$1)/6$%-)/,)6%-$%A,3-$8,)&$%23?)8%1$%7038,)6%4,/%9&-%

8$% '01-$>% ',)/% 8?+6&$)1-&$>% 8$% 40//+-$&>% 31$% ,36&$% 23,8)6+% -$% &+$8% 23$% -$/% 4,H/,5$/

23?31%&$5,&-%80)16,)1%7)$1-&,)6%C3/6$%-+(&)&$%/,1/%/?H%B01-&$;

A$17$1)/6$%0@/$&7$%23$%(9$I%A,3-$8,)&$%8$%'01-$%1?$/6%4,/%,52%-'>%23$%8$%&,440&6

,3%'01-$%1?$/6%4,/%&+,8)/6$>%23$%A,3-$8,)&$%&+)17$16$%4,&%/01%40:'$%31$%',1):&$%-$

70)&>%23)%$/6%31$%',1):&$%-$%-)&$;%A$17$1)/6$%+(&)6%23$%A,3-$8,)&$%(7O%*))(%8$%'01-$>

8$%$&));,(>%8$%)*-)-'%03%,80&/%8$%%($%5)("'(>%23?)8%2&7$*%(>%23?)8%59&4/(%�%M

G,&8,16%-$%83)%/$38>%4,&8,16%403&%83)%/$38>%8x(y$40:6$%4$36%$'@&,//$&%-?31%7$&/%8$%'01-$$16)$&>%8$%40//+-$&%/,1/%4,&6,5$>%8$%/,)/)&/,1/%,70)&%\%8$%-+6,)88$&%1)%\%8$%-+(&)&$>%8$'01-$%$/6%($%23?)8%83)%48,{6%-?$1%B,)&$;%X_Z

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%-+'e8$&%$6%&$4&0-3)&$%8$/%6&,)6/%483/%2*2:5)%~01%/038)51$Ä>%',)/%'0)1/%5&,7$/%$6%+6011,16/%-$%8,%7)$-?,3C03&-?93)%b>%=,3&)($%=,$6$&8)1(d>%a%S$%6&,5)23$%2306)-)$1%b>%)1%<(#R%5)&%#,()#:/7O3()>%S,@0&>A&3[$88$/>%]^^V>%4;]Z"%h%&$4&)/%+5,8$'$16%-,1/%=,3&)($%=,$6$&8)1(d>%X/9%()#I+#<(#D59(-3#,(#3Ak7(+K&5)-(#('#())*-)>%+-)6)01/%K0'48$[$>%G,&)/>%]^^^>%4;%XVV;X`_%=,3&)($%=,$6$&8)1(d>%B*%"(')#,(#'%*9*-3#bLMML`LMaW_>%60'$%!>%S,@0&>%A&3[$88$/>%4;]]]_;%f1%&$170)$,3%8)7&$%-$%*+&,&-%.$//01/%kS*('(%3-"2\+#<(#':5k'%(#,/#$&;7(>%S,3&$1($%O$4$&>%G,&)/>%!ZZYm%403&%/,&+B8$[)01%)'40&6,16$%\%4&040/%-$%8?)17)/)@8$%$6%-$%8?)1,3-)@8$%(9$I%=,$6$&8)1(d;X`V%8FGH1<FID1>%!!>%Br"Z%o%Br%!V!;X`^%8FGH1<FID1>%]!>%Br!%o%BrYX;X_Z%8FGH1<FID1>%`>%Br"%o%Br";

Marcelo
Marcelo

]V!

%%%F88$%1?+101($%4,/>%$88$1$%-+(&)6%4,/>%$88$%&$4&+/$16$%;%%%Q01%@36%$/6%-$%&$4&0-3)&$%%8$/%(90/$/%-$%',1):&$%%\%%%%4&0(3&$&%8?+'06)01;X_]

8$%40:6$%6&,1/'$6%8?$[4+&)$1($>%)8%1$%8,%-+(&)6%4,/;%~�Ä)8%-011$%8?+'06)01>%101%8?)-+$%-$%8?+'06)01;X_!

S$%40:6$%(0'4,&$>%)8%%1?$[48)23$%%1)%1$%-+(&)6;X_"

S?0&)5)1,8)6+%%(9$I%83)%%$/6%23$%%(?$/6%31%8,15,5$%(9,&5+%%%%-?+'06)01;%K$8,%7)$16%%-$%/,%7)/)01%%-?,@0&-;%A,3-$8,)&$%%%%%1$%-+(&)6%C,',)/>%)8%+7023$>%$6%)8%H%,%6036$%8,%-)BB+&$1($%%%%%-3%'01-$%$16&$%-+(&)&$%$6%+7023$&;%X_X

S$%8,15,5$%0&-)1,)&$%7)/$%31$%&+,8)6+>

31$%/)63,6)01%%23?)8%-+106$%>%23?)8%-+(&)6%p

%=,)/%8,%8,153$%40+6)23$%1$%-+106$%4,/>%$88$%%%%%%%%%%%%%%%%%%%%%-$//)1$%%+'$36%>%$88$%)')6$%-,1/%/,%B0&'$%/010&$%8$%/$16)'$16

%23?$88$%/355:&$;X_Y

J8%B,36%4&$1-&$%5,&-$%\%($();%%S$%40:6$% %%%%1$%-+(&)6%4,/>%%)8%1$%4,&8$%4,/%-$%23$823$%(90/$>

%1$%6)$16%4,/%31%%-)/(03&/%%/3&%31%0@C$6%MX_`

R,)&$%%4,&8$&%8?+'06)01%>%$6%23$%($/4,&08$/%8,%-+101($16%%/,1/%8,%-+(&)&$>%70)8\%8$%4&0@8:'$%%%% %%%%%%%%%%-3%40:6$;%X__

J8%H%,%(9$I%A,3-$8,)&$%%6,16w6%8$%-)/(03&/%/3&%8$/%%(90/$/%h%%%%%%6,16w6%8$%-)/(03&/%23)%%%%%+7023$%8$/%(90/$/>%23)%8$/%%%%%B,)6%/3&5)&%$1%)',5$/%%%%%B0&6$/;%%%%%%=,)/%+7023$&%8$/%(90/$/%$/6%%%%31$%(90/$>%8$/%-+(&)&$%$1%$/6%31$%%%%,36&$;%%S,%-$/(&)46)01%$/6%31

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X_]%8FGH1<FID1>%]]>%Br!%o%BrY];X_!%8FGH1<FID1>%]!>%BrX%o%BrY`;X_"%8FGH1<FID1>%]Y>%Br^%o%Br]]Y;X_X%8FGH1<FID1>%!Z>%Br"%o%Br]^_;X_Y%8FGH1<FID1>%!!>%BrY%o%Br!Y_;X_`%8FGH1<FID1>%!!>%Br^%o%Br!`];X__%8FGH1<FID1>%!!>%Br"Y%o%Br!V_;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
On <le poete> recree donc une semiologie nouvelle, par des assemblages nouveaux et libres de mots »

]V"

%-)/(03&/%/3&%%;X_V

a%S$%'01-$%$/6%($%23?)8%83)%48,{6%-?$1%B,)&$%b>%8,%B0&'38,6)01%403&&,)6%4,//$&%403&

31% (8)(9+% -3% 40:6$% 8)@&$>% ',)/% 80)1% -3% (8)(9+>% A$17$1)/6$% &$8:7$% (9$I% A,3-$8,)&$% 8,

&$7$1-)(,6)01%-?31$%3-O(%'5Ufa%-$%8,%&$4&+/$16,6)01>%(&)6)23$%-$%8?)1/6)636)01%-?31%7)7&$>

-?31%70)&;%K0''$%8?+(&)6%=,88,&'+%,4&:/%A,3-$8,)&$%M%%a%G,&8$&%1n,%6&,)6%\%8,%&+,8)6+%-$/

(90/$/%23$%(0''$&(),8$'$16%bXVZ>%)8%4,&8$%,3//)%-?a%31$%B01(6)01%-$%13'+&,)&$%B,()8$%$6

&$4&+/$16,6)B%bXV];% U1$% (&)6)23$% -3% &+,8)/'$% 23?01% 70)6% /$% 403&/3)7&$% $1(0&$% C3/23?\

Q,3//3&$% 23)% +(&)6% ,7$(% 93'03&%23$% a%8,% 4834,&6% -$/% (01($46)01/% 23$% /$% B016% 03% -3

'0)1/% 23n0BB&$16% 8$/% 49)80/049$/% -3% 8,15,5$% B016% /015$&% \% 106&$% 4&$')$&% 4:&$%D-,'

,44$8,16% 4&:/% -$% 83)% 8$/% -)7$&/% ,1)',3[% $6% 8$3&% -011,16% \% (9,(31% 8$3&% 10'%bXV!;

Q,3//3&$%(016&$%($%&+,8)/'$%4$1/$&,%8,%8,153$%(0''$%)Q)';7(%$6%(0''$%=&%7(%k',)/

4,/% 31$% B0&'$% B0&',8)/6$%h% ,3% (016&,)&$% 31$% B0&'$% 7+(3$>% 31% )("'-7("'# ,(# 3*# 3*"./(

(0''$%)8%8?+(&)6m;

A$17$1)/6$%B,)6%,44,&,{6&$%,7$(%A,3-$8,)&$%23$%8$/%,(6)7)6+/%-$%a%-+6,)88$&%b%$6%-$

a%-+(&)&$%b%&$8:7$16%-?31$%4$1/+$%$6%-?31%3/,5$%-$%8,%8,153$%(0''$%(017$16)01>%-?31$

($&6,)1$%0&5,1)/,6)01% )1/6)63+$%-3% &$5,&-;%A$17$1)/6$% +(&)6%23$% 8$%40:6$%4,&8$%a%-$% 83)

/$38%b>% a%403&% 83)% /$38%b>% 23?)8% 4$36% % a%40//+-$&% ~8$%'01-$Ä% /,1/% 4,&6,5$%b>% ($% 23)% 1$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X_V%8FGH1<FID1>%!">%Br]X%o%Br""_;X_^%f1%/$%/037)$16%23$%A$17$1)/6$%+(&)7,)6%-,1/%a%Q+')0805)$%-$%8,%8,153$%b%k%C$%/038)51$m%M%a%8?,&6%1?$/6C,',)/%)()%23?31$%v37&$%-?,&6%4,&6)(38):&$>%0g%8?,&6)/6$%)1/6,3&$%2!9+&)&"'%-$/%0440/)6)01/%$6%-$/%7,8$3&/-016%)8%C03$%$1%6036$%/037$&,)1$6+%~�Ä%b%k4;%Y^m;%K$66$%8)@$&6+%$/6%31$%(01-)6)01%-3%8,15,5$%40+6)23$;%f170)6%@)$1%(0''$%8$%6&,7,)8%-$%a%Q+')0805)$%-$%8,%8,153$%b%-011$%/3)6%\%8,%&+B8$[)01%-$%A$17$1)/6$%/3&A,3-$8,)&$%80&/23?01%8)&,%4,&%$[$'48$%a%K$%23)%$1%40+/)$%+23)7,36%,3%Å/)51$Å%-3%8,15,5$%0&-)1,)&$%$/6(90)/)%2!9+&)&"'%$6%4,&%-+(&$6%4$&/011$8%-3%40:6$>%+6,16%8$%Å/H'@08$Å%03%8$%(0&&$/401-,16%)(01)23$-?31$%+'06)01%31)23$%b%k8FGH1<FID1>%!Z>%Br]]%o%Br!ZYm;%K?$/6%)()%$6%8\%8$%'e'$%a%8)@&$'$16%b%23)%/$&$-)6;%F6%8?)-+$%-?31$%+6,6%-$%3-O(%'5%,44,&,{6%\%483/)$3&/%&$4&)/$/%,)88$3&/%-,1/%8$/%',13/(&)6/;%D)1/)A,3-$8,)&$%a%7$36%8$/%'$'@&$/%7)503&$3[%%$6%8?,883&$%2!9+&%x8,%43)//,1($%5&,()$3/$y%-$%($3[%23)',{6&)/$16%8$/%+8+'$16/%k8FGH1<FID1>%`>%Br]%o%Br]m%h%)8%&+4:6$%8$%7$&/%a%<0''$%2!9+&>%603C03&/%63(9+&)&,/%8,%'$&%b%-$%<A:&77(#('#3*#7(%%k8FGH1<FID1>%]Z>%Br^%o%BrX!%h%]_>%Br]V%o%Br]"^%h%!!>%Br]V%oBr!`Z%h%!!>%Br!Z%o%Br!`!m%h%03%+(&)6%M%a%S,%Å/08)63-$%4&0B01-$Å%$/6%8$%806%-$%603/%8$/%Å$/4&)6/%2!9+&%Å;%bk8FGH1<FID1>%]_>%Br]!%o%Br]""m%h%S$%B363&>%6$'4/%0g%/$%4&0C$66$%8?$/40)&%-?31$%(01/08,6)01>%-?31$2!9.+/'!$">%-?31$%$[,86,6)01;%8FGH1<FID1>%]_>%Br]X%o%Br]"Ym%h%a%8$/%(0&4/%,66$)1-&016%8$3&%403&&)63&$B)1,8$%$6%8$/%|'$/%/$&016%$1B)1%2!9.+.&%%b%k8FGH1<FID1>%]V>%Br!%o%Br]_Ym%h%a%S,%1,63&$%-$%8?90''$>(?$/6%6036$%($%23$%8,%()7)8)/,6)01%>%8,%/0()+6+%>%8,%')/:&$%>%8,%'+(9,1($6+%+603BB$16%03%-+B0&'$16%M%/,/$1/)@)8)6+%4&0B01-$>%8,%2!9.+/'!$"%%-$/%/$1/>%8$/%43)//,1($/%+'06)7$/%b%k8FGH1<FID1>%!!>%Br]`%oBr!`Vm%h%a%f1%x8$%40:6$y%&$(&+$%-01(%31$%/+')0805)$%1037$88$>%4,&%-$/%,//$'@8,5$/%1037$,3[%$6%2!9+&%-$%'06/%b%k8FGH1<FID1>%!!>%BrY"%o%Br"ZYm;XVZ%Q6+49,1$%=,88,&'+>%B%-)(#,(#9(%)>%)1%I.-'/%+#H-9*.*'-&")+#G"#2&/$#,(#,5)>%+-)6)01%-$%A$&6&,1-=,&(9,8>%*,88)',&->%!ZZ">%4;!Y`;%F6%=,88,&'+%,C036$%483/%80)1%k4;%!Y^m%M%a%1,&&$&>%$1/$)51$&>%'e'$-+(&)&$>%($8,%7,%$6%$1(0&$%23?\%(9,(31%/3BB)&,)6%4$36Pe6&$%403&%+(9,15$&%8,%4$1/+$%93',)1$>%-$%4&$1-&$%03-$%'$66&$%-,1/%8,%',)1%-?,36&3)%$1%/)8$1($%31$%4):($%-$%'011,)$>%8?$'480)%+8+'$16,)&$%-3%-)/(03&/-$//$&6%8?31)7$&/$8%%($&%'*.(%-016>%8,%8)66+&,63&$%$[($46+$>%4,&6)()4$%6036%$16&$%8$/%5$1&$/%-?+(&)6/(016$'40&,)1/%b;XV]%I,(7;>%4;%!Y^;XV!%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%!"Z;

Marcelo
Marcelo
Marcelo
Marcelo

]VX

-+B)1)6%4,/% 6,16%31$%B3)6$%-3%'01-$%23$% 8?)17$16)01%,3//)%-$%($%23)%1$%/$%4,&6,5$%4,/

$1(0&$;%.?,36&$%4,&6>%/)%8,%a%8,153$%40+6)23$%b%-$%A,3-$8,)&$%6&,7,)88$%\%%($%5)("'(%>%,3

8)$3%-$%,52%-%(%ka%$88$%1?+101($%4,/>%$88$%1$%-+(&)6%4,/>%$88$%%($%5)("'(%bm>%a%/01%@36%$/6

-$%&$4&0-3)&$%8$/%(90/$/%-$%',1):&$%\%4&0(3&$&%8?+'06)01%b>%(90/$%23)%&+,44,&,{6%483/

80)1%-$%',1):&$%4&+()/+$>%a%8$%40:6$%6&,1/'$6%8?$[4+&)$1($>%)8%1$%8,%-+(&)6%4,/%o%~�Ä%o%)8

-011$%8?+'06)01>%101%8?)-+$%-$%8?+'06)01%b;%S$%8,15,5$%40+6)23$%+(9,44$%\%8?a%)-+$%b

k(?$/6P\P-)&$%,3%(0''31m>%\%31$%-)/6,1($%23)%/+4,&$&,)6%8$%/3C$6%$6%8$%'01-$;%S$%8,15,5$

40+6)23$% k-$% A,3-$8,)&$m>% ,3% (016&,)&$>% ,&""(% 8?+'06)01>% 8?$[4+&)$1($>% /,1/% 8,

-+(&)&$XV";

a%R,)&$%4,&8$&%8?+'06)01>%$6%23$%($/%4,&08$/%8,%-+101($16%/,1/%8,%-+(&)&$%b>%,7$(

($% /$1/% 4&$')$&% -$% a%-+101($&%b% k23)% &,44$88$&,% ,3//)% a%+101($&%bm>% -$% a%B,)&$

(011,{6&$%b>%a%&+7+8$&%b>%a%-+(8,&$&%b% k,7$(%($%4&+B)[$% )()%101%4&)7,6)B%a%-+Pb%(0''31

,3//)% \% a%-+(&)&$%b>% /,% 7,8$1($% 0440/+$m;% %A$17$1)/6$% 0440/$% -01(% a%-+(&)&$%b% \

a%+7023$&%b>% \% a%/355+&$&%b% k6$&'$/% /H'@08)/6$/% 01% 8$% 7$&&,m>% a%-+101($&%b>% ,3//)% \

a%(0'4,&$&%b>% A,3-$8,)&$% +6,16% 8$% 40:6$% -3% a%(0''$%b>% -$/%a%(0&&$/401-,1($/%b>% -3

a%-03@8$%b;% S,% 4&,6)23$% -3% 8,15,5$% (9$I% A,3-$8,)&$% (016&,/6$% ,7$(% 8?$[$&()($% -?31

8,15,5$% &+B+&$16)$8>% 31% 8,15,5$% 23)% /$&,)6% 31% a%-)/(03&/% )/%%b% -$/% 0@C$6/>% 8$%'01-$%M

a%=,)/%59&4/(%%8$/%(90/$/%$/6%31$%(90/$>%8$/%,52%-%(%$1%$/6%31$%,36&$;%S,%-$/(&)46)01%$/6

31% -)/(03&/% )/%%b;% K$% 8,15,5$% &+B+&$16)$8% /?,44,&$16$% 403&% A$17$1)/6$% ,3% a%8,15,5$

0&-)1,)&$%b% $6% \% /,% (01/6)636)01% 4,&% 31$% ($&6,)1$% 69+0&)$% -$% )-."(% 23)% )'48)23$% 31$

&+B+&$1($%,3%&+$8;%A$17$1)/6$%+(&)6%M

.,1/%8$%8,15,5$%0&-)1,)&$>%%)8%H%,%%8$/%/)51$/>%$6%)8%H%,

8$%&+B+&$16%%%k0@C$6%03%%%/)63,6)01m%%23)%$/6%90&/%-3

/)51$>%-,1/%8$%'01-$>%'e'$%/)%($%&+B+&$16%$/6%43&$'$1610+6)23$%k4;%$[;%31%&,)/011$'$16%-$%805)23$m%%%%F1%40+/)$%%%8$%&$B+&$16%%$/6%%\%%8?)16+&)$3&%%-$

8?$[4&$//)01%%23)%8$/%+101($%h%(?$/6%403&230)%8$%8,15,5$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XV"%f1%&$4$1/$%\%($%23$%Q,4)&%+(&)7,)6%]^!_%\%8,%B)1%-$%/01%,&6)(8$%a%O9$%U1(01/()03/%G,66$&1)15%0BA$9,7)0&%)1%Q0()$6H%b%\%4&040/%-3%40:'$%M%a%J1%5&$,6%E0&d/%0B%69$%)',5)1,6)01%B0&'%)/%/)51)B)(,16%018H)1%/0%B,&%,/%E$%B$$8%03&/$87$/%60%@$%)1%)6/%5&)4;%J6%)/%31)'4&$//)7$%E9$1%-)7385$-%)1%69$%$[48)()6%6$&'/%0B69)/%0&%69,6%/)'48$%0&%(0'48$[%,&&,15$'$16%0B%d10E1%$8$'$16/%b>%23?01%6&,-3)&,)6%a%.,1/%8$/%5&,1-$/v37&$/%-$%8?)',5)1,6)01>%8,%B0&'$%$/6%/)51)B),16$%/$38$'$16%-,1/%8,%'$/3&$%0g%8?01%/$%/$16%103/P'e'$/e6&$%4&)/%4,&%$88$;%F88$%$/6%101P)'4&$//)7$%80&/23$%-)73853+$%-,1/%8$/%6$&'$/%$[48)()6$/%-$%6$8%03%6$8/)'48$%03%(0'48$[$%,&&,15$'$16%-?+8+'$16/%(0113/b>%F-E,&-%Q,4)&>%a%O9$%U1(01/()03/%G,66$&1)15%0BA$9,7)0&%)1%Q0()$6H%b>%)1%R:(#G"2&")2-&/)#6#F#>Q7$&)-/7>%F;Q;%.3''$&>%$-;m>%}104B>%l$EPÑ0&d>]^!_>%&$4&)/%-,1/%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%%-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%YY^;

Marcelo
Marcelo
Marcelo

]VY

40+6)23$%&$170)$%\%83)P'e'$;XVX

A$17$1)/6$%0440/$%,)1/)%-3%40)16%-$%73$%-$%8,%&+B+&$16),8)6+%8$%8,15,5$%0&-)1,)&$

$6%8$%8,15,5$%40+6)23$;%K$%23?01%4$36%&$',&23$&%(?$/6%23$%8$%a%8,15,5$%0&-)1,)&$%b%-016

)8% 4,&8$% 1?,% &)$1% -$% (0''31% ,7$(% 8?,44&0(9$% -3% 8,15,5$% 23)% $/6% 8,% /)$11$% -,1/% 8$/

K%&O3;7()>% -,1/% 8$% Y&2*O/3*-%(�% S$% a%/)51$%b% -016% A$17$1)/6$% 4,&8$% $/6P)8

/,3//3&)$1%p% S$% B,)6% 23?)8% /0)6% 23$/6)01% -?31$% &+B+&$1($% -$7&,)6% )''+-),6$'$16% 103/

)1-)23$&% 23$% 101>% 43)/23$% Q,3//3&$% 1$% 4,&8$% C,',)/% -$% %5=5%("2(% ',)/% -$% 9*3(/%

k4&+()/+'$16% 4,&($% 23?)8% /?0440/$% \% 8?)-+$%-$% 8,% 8,153$% (0''$%10'$1(8,63&$m;%=,)/

(?$/6% 8$% 4&0@8:'$% -$% 8?)16$&4&+6,6)01% -$% Q,3//3&$% 4,&% A$17$1)/6$>% 230)23$% -?31$

',1):&$%03%-?31$%,36&$%8$%4&0C$6%-$%/,%69+0&)$%-3%8,15,5$%403&/3)6%($83)%-$%Q,3//3&$;

K$66$%)16$&4&+6,6)01%$/6P$88$%/6&3(63&,8)/6$%p%J8%'$%/$'@8$%23$%101;%J8%'$%/$'@8$%23$%($

a%/)51$%b%23)%&$17$&&,)6%\%31$%&+,8)6+%$[6+&)$3&$%,3%8,15,5$%1?$/6%4,/%403&%A$17$1)/6$%8$

/)51$%/,3//3&)$1>%23$%(?$/6%,3%(016&,)&$%31%+6,6%-$%69+0&)$%-3%8,15,5$%23$%Q,3//3&$%&$1-

-+B)1)6)7$'$16% -+4,//+;% A$17$1)/6$% $1% ]^`V% -+B)1)6% 8?,7,1(+$% /,3//3&)$11$% $1

)1-)23,16% 31% 1037$,3% &,440&6% ,3% 8,15,5$%M% a%Q?)8% 1?H% ,% &)$1% -$% /3@/6,16)$8% -,1/% 8$

8,15,5$>%23?H%,P6P)8%p%S$/%-011+$/%-3%8,15,5$%1?$[)/6$16%23$%4,&%8$3&/%-)BB+&$1($/>%$88$/

1$%7,8$16%23$%4,&% 8$3&/%0440/)6)01/;%f1%4$36%(016$'48$&%31%(,)8803%$1%/0)>% 6036%$1% 8$

&,15$,16% -,1/% 8,% /+&)$% -$/% ')1+&,3[;% O,1-)/% 23?31% '06>% \% 83)% /$38>% 1$% /)51)B)$

,@/083'$16%&)$1;%J8%1?$/6%23$%4,&%0440/)6)01>%4,&%Å7)()1)6+Å%03%4,&%-)BB+&$1(),6)01%,7$(

31%,36&$>%31%/01%4,&%&,440&6%\%31%,36&$%/01>%$6%,)1/)%-$%/3)6$%bXVY;

J8%'$%/$'@8$%23$%(?$/6%8?0((,/)01%-$%&$7$1)&%/3&%8$%6$[6$%-$%A$17$1)/6$%23)%B,)6%8,

-)/(3//)01% 4&+()/$% -$% 8,% 69+0&)$% /,3//3&)$11$% -3% /)51$%M% a%l,63&$% -3% /)51$

8)153)/6)23$%b% 23)% -,6$% -$% ]^"^% $6% -016% A$17$1)/6$% -)6% -,1/% 8?,7,16P4&040/% -$% /$/

K%&O3;7()# ,(# 3-"./-)'-4/(# .5"5%*3(% 23?)8% a%,% 4&07023+% -$% 7)7$/% (016&07$&/$/% $6% B,)6

/3&5)&%31$%80153$%/+&)$%-?,&6)(8$/%b;%K$%6&,7,)8%1$%7)/$%4,/%\%,88$&%(016&$%Q,3//3&$>%',)/

\% -)&$% 31$% (016&,-)(6)01% 23)% -,7,16,5$% 403&/3)6% /01% 4&0C$6;% F1% ($8,% 01% 70)6>% (0''$

<$1&)%=$/(9011)(% 8$% &$',&23,)6>%23$% 8$%/$1/%-3% 6&,7,)8%-$%A$17$1)/6$%1?$/6%4,/%\%31

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XVX%8FGH1<FID1>%`>%Br!%o%Br!;XVY%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>4;%"];%f3%,80&/%4,&%$[$'48$>%$1%]^YZ%\%8,%B)1%-?a%D(6)B%$6%'0H$1%-,1/%8$%7$&@$%b%M%a%J8%$/6%-,1/%8,%1,63&$-$/%B,)6/%8)153)/6)23$/>%43)/23?)8/%/016%-$/%/)51$/>%-$%/$%&+,8)/$&%$1%0440/)6)01/%$6%-$%1$%/)51)B)$&%23$%4,&8\%b%kK%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%]_Ym;

Marcelo

]V`

,5$*))(7("'% ',)/% -,7,16,5$% \% 31% ,5$3*2(7("'UMJ%M% a%K?$/6% 4$36Pe6&$% 8$% '$)88$3&

6+'0)51,5$% -$% 8,% B+(01-)6+% -?31$% -0(6&)1$% 23$% -?$15$1-&$&% 8,% (016&,-)(6)01% 23)% 8,

4&0'$36;%F1%&$/6,3&,16%8,%7+&)6,@8$%1,63&$%-3%/)51$%-,1/%8$%(01-)6)011$'$16%)16$&1$%-3

/H/6:'$>% 01% ,BB$&')6>% 4,&P-$8\% Q,3//3&$>% 8,% &)53$3&% -$% 8,% 4$1/+$% /,3//3&)$11$%bXV_;

A$17$1)/6$>%-,1/%($%6$[6$>%B,)6%&$603&%/3&%8,%B0&'38,6)01%-$%8?,&@)6&,)&$%-3%/)51$%-,1/%8$

B&/%)# ,(# 3-"./-)'-4/(# .5"5%*3(>% $1% ,88,16% $1% $BB$6% */`,(3g% -$% Q,3//3&$>% $1% 8$

(016)13,16>% $1% '016&,16% -,1/% 31% -+6,)8% 31$% (01($//)01% 23$% Q,3//3&$% ,3&,)6% 8,)//+$

$1(0&$% \% 31% &+,8)/'$UMM;% G03&% A$17$1)/6$% 8$% 8)$1% 31)//,16% 8$% (01($46% $6% 8?)',5$

,(03/6)23$%1?$/6%4,/%*%O-'%*-%(>%(,&%($8,%)'48)23$&,)6%31%a%6&0)/):'$%6$&'$%b%23)%/$&,)6

a%8,%(90/$%'e'$>%8,%&+,8)6+%bXV^;%A$17$1)/6$%$[48)23$%23$%8,%a%(01($46)01%/,3//3&)$11$

$/6% $1(0&$% /08)-,)&$% $1% 23$823$% '$/3&$% -$% ($% /H/6:'$% -$% 4$1/+$%bX^Z>% \% /,70)&% a%8,

4$1/+$%9)/60&)23$%$6%&$8,6)7)/6$%-$%8,%B)1%-3%WJW$%/):(8$%bX^]>%4$1/+$%23)%(01(83,)6%-$%8,

-)7$&/)6+%-$/%8,153$/>%-$%a%8?31)7$&/$88$%-)//$'@8,1($%b%\%a%8?31)7$&/$88$%(016)15$1($%b;

U1$%4$1/+$>%23)>%230)23$%&$8,6)7)/6$%$6%9)/60&)23$>%&$/6$%&+,8)/6$>%(&0H,16%$1%31%&+$8>%\

31$% 10'$1(8,63&$;% G03&%A$17$1)/6$% 8$% 8)$1% 23)% 31)6% 8$% (01($46% \% 8?)',5$% ,(03/6)23$

1?$/6%4,/%*%O-'%*-%(>%',)/%"52())*-%(#M%a%=,)/%8$%/)51$>%+8+'$16%4&)'0&-),8%-3%/H/6:'$

8)153)/6)23$>% $1B$&'$% 31% /)51)B),16% $6% 31% /)51)B)+% -016% 8,% 8),)/01% -0)6% e6&$% &$(0113$

(0''$%"52())*-%(>%($/%-$3[%(0'40/,16$/%+6,16%(01/3@/6,16)$88$/%8?31$%\%8?,36&$%b%X^!;

J8%$/6%/,1/%-036$%&$',&23,@8$%23$%A$17$1)/6$%-)/$%a%(01/3@/6,16)$8%b%-,1/%31%'0'$16

0g%)8%-),8053$%,7$(%Q,3//3&$%%$6%0g%)8%1$%4$36%23?,70)&%$1%6e6$%8,%B0&'38,6)01%-3%B&/%)

,(# 3-"./-)'-4/(# .5"5%*3(%M% 3(# 3*".*.(# ()'# =&%7(+# "&"# )/O)'*"2(UaV>% 23)% /$% 6&037$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%XV`%<$1&)%=$/(9011)(>%a%A$17$1)/6$%M%/+',16)23$%/,1/%/+')06)23$%b>%)1%17-3(#8("9("-)'(#9-".'#*")#*$%;)kK088023$%-$%K$&)/H>%]!P]^%,0c6%]^^Ym>%13'+&0%/4+(),8%-$%SJlW>%/03/%8,%-)&$(6)01%-$%K8,3-)1$l0&',1-%$6%=)(9$8%D&&)7+>%KLS%É%U1)7$&/)6+%G,&)/%W>%]^^_>%4;%"!";XV_%F')8$%A$17$1)/6$>%a%l,63&$%-3%/)51$%8)153)/6)23$%b%k]^"^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;YY;XVV%S?$[4&$//)01%-?31$%2&"2())-&"#g#3*#%5*3-'5%$/6%-$%A$17$1)/6$>%($83)P()%4,&8,16%-$%=,88,&'+>%',)/%$88$,44,&,{6%)()%4$&6)1$16$%403&%(0'4&$1-&$%($%23$%A$17$1)/6$%&$',&23$%(9$I%Q,3//3&$%M%a%=,88,&'+%4$3%\4$3%/$%-+6,(9$%'e'$%-$%($66$%6&,1/40/)6)01>%23)%$/6%$1(0&$%31$%(01($//)01%\%8,%&+,8)6+;%J8%&+43-)$%'e'$6036$%,883/)01%\%31%31)7$&/%23)%,3&,)6%23$823$%&,440&6%\%8,%sB01(6)01%-$%13'+&,)&$t>%\%8?%s$'480)+8+'$16,)&$%-3%-)/(03&/t;b%k8FGH1<FID1>%!!>%Br]X%o%Br!``m;XV^%F')8$%A$17$1)/6$>%al,63&$%-3%/)51$%8)153)/6)23$%b%k]^"^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;YZ;X^Z%IO-,;>%4;%Y];X^]%IO-,;>%4;%YZ;X^!%IO-,;>%4;%YY;X^"%K?$/6%8,%B0&'38,6)01%6$88$%23$%A$17$1)/6$%8,%-)6%-,1/%8?$16&$6)$1%,7$(%*3H%.3'3&>%a%K$%8,15,5$%23)B,)6%8?9)/60)&$%b%$1%]^`V>%$6%)8%403&/3)6>%a%)8%1?H%,%,@/083'$16%&)$1%-$%/3@/6,16)$8%-,1/%8$%8,15,5$%bkK%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"]m;%S,%B0&'38,6)01%6$88$%23?01%8,%6&037$%-,1/%8$%B&/%)#,(3-"./-)'-4/(#.5"5%*3(%$/6%-)BB+&$16$%M%a%3*#3*"./(#()'#/"(#=&%7(#('#"&"#/"(#)/O)'*"2(%b%kB&/%)#,(3-"./-)'-4/(#.5"5%*3(>%4;%]`^m%h%i#2(''(#2&7O-"*-)&"#$%&,/-'#/"(#=&%7(+#"&"#/"(#)/O)'*"2(%b%kIO-,;>%4;]Y_m;%K$%23?01%&$',&23$%(?$/6%\%23$8%40)16%8,%B0&'38,6)01%a%8,%8,153$%$/6%31$%B0&'$%b%$/6%B0&',8)/6$>%03-3%'0)1/%&$1-%($66$%8$(63&$%40//)@8$>%,80&/%23$%a%8$%8,15,5$%$/6%B0&'$>%101%/3@/6,1($%b%8,)//$%$16$1-&$%8,

]V_

$[,(6$'$16%-,1/%8$/%'e'$/%4,5$/%23$%8,%B0&'38,6)01%-$%8?,&@)6&,)&$;%K0''$%01%4$36%/$

-036$&%31%4$3>%8,%B0&'38,6)01%1?$/6%4,/%-$%Q,3//3&$>%',)/%-$/%&+-,(6$3&/%-3%B&/%)>%$6%/)

Q,3//3&$%-)6%$BB$(6)7$'$16%7*'-;%(%03%)/O)'*"2(%-,1/%/$/%',13/(&)6/%)8%1$%4,&8$%4,/%-$

a%B0&'$%bX^X;%F1%6036%(,/>%($%23?)8%H%,%-$%a%(01/3@/6,16)$8%b%(9$I%A$17$1)/6$%1?,%483/

&)$1%\%70)&%,7$(% 8,%a%/3@/6,1($%b%23)%$/6% 8?)-+$%-3%8,15,5$%23$%/$% B,)6%1+($//,)&$'$16

31$%,44&0(9$%&+,8)/6$;%S,%/3@/6,1($%ka%8?+8+'$16%4&)'0&-),8%-3%/H/6:'$%8)153)/6)23$%bm

-$7)$16% (9$I% A$17$1)/6$% 31$% (01/3@/6,1($>% 8,% &$8,6)01% -?)1-)//0(),@)8)6+% -$% -$3[

(0'40/,16$/% ka%-$3[% (0'40/,16$/% +6,16% (01/3@/6,16)$88$/% 8?31$% \% 8?,36&$%b%m;% S,

&$8,6)01% "52())*-%(% $16&$% 8$% /)51)B)+% $6% 8$% /)51)B),16% 23$% A$17$1)/6$% B,)6% ,44,&,{6&$

&$1B0&($%8,%69+0&)$%-3%8,15,5$%&$1-3$%40//)@8$%4,&%Q,3//3&$>%8,%&$4&+/$16,6)01%-3%/)51$

(0''$% =&%7(`)(")% $6% $(")5(`)&";% f1% 8$% 70)6% @)$1%',)16$1,16>% )8% $/6% )'40//)@8$% 23$

A$17$1)/6$% 4$1/$% \% 8,% 69+0&)$% /,3//3&)$11$% -3% /)51$% 80&/23?)8% +(&)6% 23$% a%-,1/% 8$

8,15,5$%0&-)1,)&$>%)8%H%,%%8$/%/)51$/>%$6%)8%H%,%8$%&+B+&$16%k0@C$6%03%/)63,6)01m%23)%$/6%90&/

-3% /)51$>% -,1/% 8$% '01-$%b;% K$% a%8,15,5$% 0&-)1,)&$%b% 1?$/6% 4,/% 8$% /)$1% 1)% ($83)% -$

Q,3//3&$>% (?$/6% 31$% &$4&+/$16,6)01% &+,8)/6$% -3% 8,15,5$;% S$% 8,15,5$% 0&-)1,)&$% -$

A$17$1)/6$>%($83)%-$%Q,3//3&$%$/6%31%3*".*.(#$&5'-4/(;

S0&/23$%103/%8)/01/%-,1/%8$/%',13/(&)6/%31$%B0&'38,6)01%6$88$%23$%M%a%S,%8,153$

0&-)1,)&$%(0'40&6$%-$/%/)51$/%k23)%&$8:7$16%-$%8,%/+')06)23$m%B0&'+/%-$%/)51)B),16/%ë

/)51)B)+/;% K$/% /)51$/% /?)-$16)B)$16% 403&% 8$% 80(36$3&% \% -$/% &+B+&$16/% k0@C$6/% ',6+&)$8/>

04+&,6)01/% (01(&:6$/% 03% B)53&+$/>% $6(;m;% F6% 8?$'480)% -$% ($/% /)51$/% oo% $/6% &+58+% 4,&% 31

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%106)01%-$%a%B0&'$%b%-$%8,%',1):&$%-016%Q,3//3&$%8,%&$1-%40//)@8$%M%01%/,)6%',)16$1,16>%-$43)/%]^^`>%23$Q,3//3&$%-)/,)6%=&%7(`)(")%k1<m>%4;%]_m%k%($%23)%/$&,%,3//)%4,&%8,%/3)6$%8?$[4&$//)01%-?<$1&)=$/(9011)(m>%)8%-)/,)6%,3//)%$(")5(`)&"%kKS*>%4;%]Y`m%/01%6&,7,)8%4$&'$66,16%-$%4$1/$&%31$%8,153$%-0168$%/3C$6%$/6%$1%'e'$%6$'4/%8$%5&,'',)&)$1>%8?)17$16$3&%-?31%)("'-7("'#,(#3*#3*"./(;X^X%.,1/%8?+-)6)01%-3%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(%4,&%L3-08B%F158$&>%103/%70H01/%23?\%($66$B0&'38,6)01%1$%(0&&$/401-%,3(31$%4&)/$%-$%106$%-$/%+63-),16/%-$%Q,3//3&$>%8$/%(08011$/%!>%">%X>%Y%/016@8,1(9$/>%',)/%23$%83)%/016%,//0()+$/%-$/%106$/%',13/(&)6$/%-$%Q,3//3&$%83)P'e'$%M%l^;]%~"!^YÄ>%4;]a%xS,%1+($//)6+%23?)8%H%,%-$%B,)&$%40&6$&%8$%4&)1()4,8%$BB0&6%-$%8,%69+0&)$%-3%8,15,5$%/3&%10/%4&$'):&$/-)/6)1(6)01/%4$36%/$%'$/3&$&%\%($()%M%J8%1$%/?+(&)6%403&%,)1/)%-)&$%4,/%31$%8)51$%0g%8$/%B,)6/%-$%8,15,5$%1$/0)$16%&$4&+/$16+/%(0''$%31$%7*'-;%(;%~@)BB+Äy%b%h%l;^;]%~"!^YÄ%4;]%a%xD8)6$&%M%y%K0''$%8$%8,15,5$1?0BB&$%x/03/y%,3(31x$y%-$%/$/%',1)B$/6,6)01/%31$%x',6):&$%~@)BB+Ä>%%-9%'/"#&y>%',)/%/$38$'$16%-$/*2'-&")%(0'@)1+$/%x03%)/08+$/y%-$%B0&($/%49H/)0805)23$/>%49H/)23$/>%'$16,8$/>%$6%(0''$%1+,1'0)1/6036$/%10/%-)/6)1(6)01/>%6036$%106&$%'&+)!"$2$:!&>%'$-'&%1"$%1;/<$"%%-$%4,&8$&%/016%'038+$/%/3&%x($66$y%-**$%!'!$"%x!"4$2$"'/!+&y%-?31$%x%-9%'/"#&y>%01%1$%4$36%/$%&$B3/$&>%,7,16%6036>%\%&$(011,{6&$%23$%8,69+0&)$%-3%8,15,5$%,3&,%403&%483/%$//$16)$88$%6|(9$%-$%-+'e8$&%($%23?)8%$1%$/6%-$%10/%-)/6)1(6)01/4&$'):&$/;%J8%103/%$/6%)'40//)@8$%-?,((0&-$&%23?01%,)6%8$%-&0)6%-?+8$7$&%31$%69+0&)$%$1%/$%4,//,16%-$%($6&,7,)8%-$%-+B)1)6)01>%230)23$%($66$%',1):&$%(0''0-$%,)6%4,&3%x/,6)/B,)&$%C3/23?\%4&+/$16%8$%43@8)(8)153)/6)23$y;%bk6$[6$%&$4&)/%$1%4,&6)$%$6%/,1/%8$/%)1-)($/%5+1+6)23$/%-,1/%8$/%12%-')#,(#3-"./-)'-4/(.5"5%*3(>%4;%^_m>%R$&-)1,1-%-$%Q,3//3&$+#B&/%)#,(#3-"./-)'-4/(#.5"5&,8$>%+-)6)01%(&)6)23$%4,&%L3-08BF158$&>%B,/()(38$%!>;f660%<,&&,//0E)6I>%Ç)$/@,-$1>%4;%!_`;

Marcelo

]VV

(0-$%k5&,'',)&$m%bX^Y>%'e'$%/)%01%&$(011,{6%$BB$(6)7$'$16%8$/%6$&'$/%23)%/016%($3[%-$

8,%&+B8$[)01%-$%A$17$1)/6$%ka%/)51)B)+%b>%a%/)51)B),16%b>%a%/+')06)23$%bm>% )8%B,36%4&$1-&$

5,&-$%-$%1$%4,/%/$%6&0'4$&%-?)16$&4&+6,6)01%$6%-$%@)$1%70)&%-$%8,%-)/6,1($%8\%0g%)8%H%$1%,;

.$%70)&%23$%a%8$%8,15,5$%0&-)1,)&$%b%(?$/6%403&%A$17$1)/6$%31$%($&6,)1$%&$4&+/$16,6)01

-3% 8,15,5$>%$6%23?$88$%$/6%31%&+,8)/'$>%23,1->%\% 8?)17$&/$>% 8$%a%8,15,5$%40+6)23$%b%$/6

,7,16% 6036% 31% 4&0C$6% -$% 4$1/$&>% 31% 4&0C$6% -$% &$4&+/$16,6)01;% L$',&2301/% 23$

A$17$1)/6$%-)6%a%($/%/)51$/%/?)-$16)B)$16%$&/%#3(#3&2/'(/%%~�Äb%k01%/038)51$m%h%)8%40/$%8$

/6,636%-$%&$4&+/$16,6)01%23?)8%-011$%,3%8,15,5$;%J8%1?$1%B,)6%4,/%31$%&+,8)6+%$1%/0)%',)/

31$%&+,8)6+%403&%/0)>%$&/%#3(#3&2/'(/%;%F1%6036%(,/>%80&/23$%103/%8)/01/%($66$%-+B)1)6)01

-3% 8,15,5$% 0&-)1,)&$>% 01% 1$% 4$36% 4,/% 4$1/$&% 31% )1/6,16% 23?)8% /?,5)//$% 'e'$% -?31$

/)'48)B)(,6)01%-$%/,%4$1/+$;%K?$/6%8?0440/+%-$%($%23?)8%103/%,%603C03&/%,44&)/%\%4$1/$&>

4,&% $[$'48$% ($66$% a%5&,'',)&$%b% &+-3)6$% \% 31% a%(0-$%b>% 80&/23$% 83)% 40/$&,% 31$

5&,'',)&$%-3%40:'$>%8,%8,153$%-$%A,3-$8,)&$;

G03&%A$17$1)/6$% 8$% 8,15,5$% 1?$/6% 4,/%,5"&'*'-=%',)/% )Q7O&3-4/(;% D% 483/)$3&/

&$4&)/$/% )8% 6&,7,)88$% \% &+B8+(9)&% ,7$(% ($% 6$&'$P8\%M% a%8,% /H'@08)/,6)01>% 8$% B,)6% 23$

C3/6$'$16% 8,% 8,153$% (?$/6% 8$% -0',)1$% -3% /$1/;% F6>% ,3% B01->% 6036% 8$%'+(,1)/'$% -$% 8,

(3863&$%$/6%31%'+(,1)/'$%-$%(,&,(6:&$% /H'@08)23$%bX^`;%F1%]^`">%-,1/%a%K034%-?v)8

/3&% 8$% -+7$8044$'$16% -$% 8,% 8)153)/6)23$%b>% )8% -+B)1)6% 8,% B,(386+% -$% /H'@08)/$&%(0''$

a%6&:/% 8,&5$'$16>% 8,% B,(386+%-$%%($%5)("'(%% 8$%&+$8%4,&%31%Å/)51$Å%$6%-$%(0'4&$1-&$% 8$

Å/)51$Å%(0''$%&$4&+/$16,16% 8$%&+$8>%-01(%-?+6,@8)&%31%&,440&6%-$%Å/)51)B)(,6)01Å%$16&$

23$823$%(90/$%$6%23$823$%(90/$%-?,36&$%bX^_;%l03/%-$701/%103/%,&&e6$&%31% )1/6,16%/3&

($66$%B0&'38,6)01%23)%-$%1037$,3%B,)6%8$%4,//,5$%$16&$%31$%73$%&+,8)/6$%$6%8$%4&0C$6%-?31$

40+6)23$;% S0&/23$% A$17$1)/6$% -)6% 23$% /H'@08)/$&% (?$/6% a%%($%5)("'(%% 8$% &+$8% 4,&% 31

s/)51$t%b>% )8% 4,&8$% @)$1% -?31% &+$8>% ',)/% ($% &+$8% $/6% 4,&6)(38)$&% 4,&($% 23?)8% $/6

8)153)/6)23$;%S$%/$(01-%6$'4/%-$%8,%49&,/$>%23)%B,)6%8$%-+48,($'$16%+4)/6+'0805)23$>%8$

4&+()/$%-,7,16,5$%M%)Q7O&3-)(%>%(?$/6%$1%'e'$%6$'4/%a%(0'4&$1-&$%8$%Å/)51$Å%(0''$

&$4&+/$16,16%8$%&+$8%b%h%-+B)1)6)7$'$16%8?,66)63-$%1?$/6%483/%&+,8)/6$>%$88$%$/6%($88$%-?31$

-)/6,1($%M%8?90''$%$/6%-,1/%8$%8,15,5$>%-,1/%8,%&$4&+/$16,6)01>%23$%A$17$1)/6$%,44$88$

)()%a%/H'@08)/$&%b>% )8%1$%23)66$% C,',)/% 8,%-)'$1/)01%-$% 8,% 8,153$;%F6%-,1/% 8$% 6&0)/):'$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X^Y%8FGH1<FID1>%!Z>%Br^P]Z%o%Br!Z"P!ZX;X^`%F')8$%A$17$1)/6$>%a%Q6&3(63&,8)/'$%$6%8)153)/6)23$%b%k$16&$6)$1%,7$(%G)$&&$%.,)[%$&/%#<()#<(''%()=%*"E*-)()>%!XP"Z%C3)88$6%]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%!Y;X^_%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+%4;%!`;

Marcelo

]V^

6$'4/%-$% 8,%49&,/$>%A$17$1)/6$%7,%483/% 80)1%$1(0&$>%43)/23?)8% B,)6%-$%($66$% 69+0&)$%-3

8,15,5$% 31$% 69+0&)$% -$% 8?9)/60)&$%h% % /H'@08)/$&% (?$/6% $1(0&$% 8,% B,(386+% a%-?+6,@8)&% 31

&,440&6% -$% Å/)51)B)(,6)01Å% $16&$% 23$823$% (90/$% $6% 23$823$% (90/$% -?,36&$%b%h% 0g

A$17$1)/6$% 1$% -)6% 4,/% 23$% /?+6,@8)6% 31% &,440&6% -$% /)51)B)(,6)01% $16&$% 8$% &+$8% $6% /,

/H'@08)/,6)01>% ',)/% $16&$% 31$% &$4&+/$16,6)01% -3% &+$8% $6% 31$% */'%(% &$4&+/$16,6)01>

23$823$%(90/$%$6%4/(34/(#2:&)(#,A*/'%(;%S?*/'%(% +6,16% )()% 8?)1(0113%23)% /$%-+(037&$;

U1% )1(0113% -$% 8,15,5$% 23)% $/6% 31% )1(0113% -$% 7)$;% A$17$1)/6$% +(&)6% 483/% 80)1% -,1/

8?,&6)(8$%23$%a%($66$%(,4,()6+%/H'@08)23$%$/6%\% 8,%@,/$%-$/%B01(6)01/%(01($463$88$/;%S,

4$1/+$%1?$/6%&)$1%,36&$%23$%($%40370)&%-$%(01/6&3)&$%-$/%&$4&+/$16,6)01/%-$/%(90/$/%$6

-?04+&$&% /3&% ($/% &$4&+/$16,6)01/%bX^V;% A$17$1)/6$% B,)6% -$% 8,% 4$1/+$% 31$% ,7$163&$% -3

8,15,5$>%-3%-),8053$;%K$%4&040/%$/6%@)$1%/c&% 6&:/%(&)6)23$%-$% 8?,66)63-$%-3%49)80/049$

23)%(&0)6%e6&$%-,1/%31%&,440&6% )''+-),6%,3[%a%(90/$/%b%$6%03@8)$%23?)8%$/6%$1% 6&,)1%-$

4,&8$&;

F1% ]^Y!>% -,1/% /01% ,&6)(8$% a%K0''31)(,6)01% ,1)',8$% $6% 8,15,5$% 93',)1%b>

A$17$1)/6$% +6,)6% 6&:/% (8,)&% -,1/% /,%',1):&$% -$%-+B)1)&% 8$% 8,15,5$>% 8,)//,16% 8$% &+,8)/'$

,3[%,@$)88$/>%$6%$1(0&$;%J8%+(&)7,)6%M

G,&($%23?)8%1?H%,%4,/%-),8053$%403&%8$/%,@$)88$/>%8,%(0''31)(,6)01%/$%&+B:&$%/$38$'$16%\31$% ($&6,)1$% -011+$% 0@C$(6)7$;% J8% 1$% 4$36% H% ,70)&% -$% (0''31)(,6)01% &$8,6)7$% \% 31$-011+$% a%8)153)/6)23$%b>% -+C\% 4,&($% 23?)8% 1?H% ,% 4,/% -$% &+401/$>% 8,% &+401/$% +6,16% 31$&+,(6)01% 8)153)/6)23$% \% 31$% ',1)B$/6,6)01% 8)153)/6)23$%h% ',)/% ,3//)% $1% ($% /$1/% 23$% 8$'$//,5$%-?31$%,@$)88$%1$%4$36%e6&$%&$4&0-3)6%4,&%31$%,36&$%23)%1?,3&,)6%4,/%73%$88$P'e'$8$/%(90/$/%23$%8,%4&$'):&$%,1101($;X^^

A$17$1)/6$%0440/$%8?a%0@C$(6)B%b%,3%a%8)153)/6)23$%b;%S,%-011+$%\%230)%/$%&+B:&$

8,%(0''31)(,6)01%$16&$%,@$)88$/%$/6%0@C$(6)7$>%,80&/%23$%8$%8,15,5$%&$170)$%603C03&/%\

31$%-011+$%3-"./-)'-4/(;%S$%,-*3&./(>%6$8%23$%A$17$1)/6$%4$&'$6%-$%8$%4$1/$&>%1$%4$36

483/%e6&$%(01B01-3%,7$(%31%/(9+',%-$%8,%(0''31)(,6)01>%6$8%23$%8,%8)153)/6)23$%-$%/01

+4023$%$6%-$/%+4023$/%23)%/3)7$16%8?$1/$)51$%M%31%+'$66$3&>%31%'$//,5$>%31%&+($46$3&;

G03&% A$17$1)/6$>% 8$% -),8053$% (?$/6% -+C\% 8,% (,4,()6+% -$% %5$&",%(>% (?$/6P\P-)&$% -$

403&/3)7&$>% -$% -)&$% ,36&$% (90/$>% 'e'$% /)% -)&$% ,36&$% (90/$% (?$/6% /$38$'$16% %5$5'(%;

a%l03/%4,&801/%\%-?,36&$/%23)%4,&8$16>%6$88$%$/6%8,%&+,8)6+%93',)1$%bYZZ>%+(&)6%A$17$1)/6$

-,1/%($%'e'$%,&6)(8$;%f1%70)6% ,3//)% ,80&/%23$% 8,%106)01%-$%a%&+,8)6+%b% /$%-+48,($;%S,

&+,8)6+>%-$7)$16%31%&,440&6%8)153)/6)23$%,3%'01-$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%X^V%IO-,;>%4;%!_P!V;X^^%IO-,0+%4;%`ZP`];YZZ%IO-,;>%4;%`Z;

]^Z

K?$/6% \% 4&040/% -3% 6$&'$% -$% a%&+B+&$1($%b% 83)P'e'$% 23?01% 703-&,)6% ,C036$&

23$823$/%&$',&23$/;%A$17$1)/6$%1$%8$%&$C$66$%4,/>%',)/%)8%4$1/$%8,%&+B+&$1($%-?31$%,36&$

',1):&$% 23$% -$% ',1):&$% &+,8)/6$;% S?0440/)6)01% -3% 8,15,5$% 0&-)1,)&$% ,3% 8,15,5$

40+6)23$%$/6%31$%0440/)6)01%$16&$%-$3[%',1):&$/%-$%4$1/$&%8,%a%&+B+&$1($%b%M%a%.,1/%8$

8,15,5$%0&-)1,)&$>%)8%H%,%8$/%/)51$/>%$6%)8%H%,%8$%&+B+&$16%k0@C$6%03%/)63,6)01m%23)%$/6%90&/

-3% /)51$>% -,1/% 8$% '01-$>% 'e'$% /)% ($% &+B+&$16% $/6% 43&$'$16% x10+6)23$% k4;% $[;% 31

&,)/011$'$16%-$% 805)23$myoF1%40+/)$% 8$% &$B+&$16%$/6%\% 8?)16+&)$3&%-$% 8?$[4&$//)01% %23)

8$/%+101($%h%(?$/6%403&230)%8$%8,15,5$%40+6)23$%&$170)$%\%83)P'e'$%bYZ];%F1%]^`X%-,1/

8?,&6)(8$%a%S$/%1)7$,3[%-$% 8?,1,8H/$% 8)153)/6)23$%b>%\%4&040/%-$% 8,%$:%*)(>%A$17$1)/6$

+(&)6% M% a%(n$/6% 31$% 31)6+% (0'48:6$>% 23)% 40&6$% \% 8,% B0)/% /$1/% $6% &+B+&$1($% M% /$1/% 4,&($

23n$88$%$/6%)1B0&'+$%-$%/)51)B)(,6)01>%$6%&+B+&$1($%4,&($%23n$88$%/$%&+B:&$%\%31$%/)63,6)01

-011+$;% K$3[% 23)% (0''31)23$16% 016% C3/6$'$16% ($()% $1% (0''31>% 31$% ($&6,)1$

&+B+&$1($%-$%/)63,6)01>%\%-+B,36%-$%230)%8,%(0''31)(,6)01%(0''$%6$88$%1$%/n04:&$%4,/>

8$% s/$1/t% +6,16% )16$88)5)@8$>% ',)/% 8,% s&+B+&$1($t% -$'$3&,16% )1(0113$%bYZ!;% J8% $/6

)'40&6,16% -$% &$',&23$&% 23$% 8,% &+B+&$1($% )()% $/6% 31)23$'$16% 31$% a%&+B+&$1($% -$

/)63,6)01%b%h%)8%1?$/6%,3(31$'$16%B,)6%'$16)01%\%31$%&+,8)6+%0@C$(6)7$%\%8,23$88$%8,%49&,/$

&$17$&&,)6;% K?$/6% -?,)88$3&/% /)'48$'$16% 8$% 4,//,5$% -3% /)51$% \% 8,% 49&,/$% 23)% &$1-

(&)6)23,@8$% 8?)-+$% -?31$% &+B+&$1($% \% 31$% &+,8)6+% 0@C$(6)7$;% D% 23$88$% &+,8)6+% 0@C$(6)7$

&$17$&&,)6% 31$% 49&,/$%p% S,% a% &+B+&$1($% -$%/)63,6)01%bYZ"% $/6% 31$% -011+$% $16):&$'$16

8)153)/6)23$;% K$% 1?$/6% 4,/% 31$% -,6$>% 31% 8)$3>% 6$88$% 23$% 8,% &+-3(6)01% -$% 8,% 4$1/+$% -$

A$17$1)/6$%\%31%,44,&$)8%B0&'$8%-$% 8?+101(),6)01%703-&,)6% 8?$16$1-&$>%4,&%$[$'48$%($

23$% O;% O0-0&07% +(&)6%% k',)/% )8% $/6% 31% $[$'48$% 4,&')% ($16m% M% a%f&% )8% )16&0-3)/,)6% 31

&$5,&-% 1$3B% /3&% 8$/% B,)6/% -$% 8,15,5$>% 106,''$16% /3&% 6036% ($% 23?)8% ,44$8,)6

8?Å+101(),6)01Å>%(?$/6P\P-)&$% 8$/% 6&,($/% 8,)//+$/%\% 8?)16+&)$3&%-?31%'$//,5$% 8)153)/6)23$

4,&%8$%(016$[6$%-,1/%8$23$8%)8%$/6%4&0-3)6%M%8,%4$&/011$%23)%4,&8$>%8$%6$'4/%$6%8$%8)$3%-$

($66$%4,&08$;%K$8,%4$&'$66,)6%-?,1(&$&%8,%5&,'',)&$%-,1/%8$%7+(3%bYZX;%S,%a%&+B+&$1($%-$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YZ]%8FGH1<FID1>%`>%Br!%o%Br!;YZ!%F')8$%A$17$1)/6$>%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%k]^`Xm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%]"Z;YZ"%A$17$1)/6$%+(&)6%+5,8$'$16%a%8$%/$1/%-$%8,%49&,/$%)'48)23$%&+B+&$1($%\%8,%/)63,6)01%-$%-)/(03&/>%$68?,66)63-$%-3%80(36$3&%b%ka%S,%B0&'$%$6%8$%/$1/%-,1/%8$%8,15,5$%b%k]^``m>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%!!Ym%h%%)8%,C036$%31%4$3%483/%80)1%k4;%!!`P!!_m%M%a%S$%Å/$1/Å%-$%8,%49&,/$%$/6%8?)-+$%23?$88$$[4&)'$>%8,%Å&+B+&$1($Å%-$%8,%49&,/$%$/6%8?+6,6%-$%(90/$/%23)%8,%4&07023$>%8,%/)63,6)01%-$%-)/(03&/%03%-$B,)6%\%8,23$88$%$88$%/$%&,440&6$%$6%23$%103/%1$%403701/%C,',)/%1)%4&+70)&>%1)%-$7)1$&;%.,1/%8,%4834,&6%-$/(,/>%8,%/)63,6)01%$/6%31$%(01-)6)01%31)23$>%\%8,%(011,)//,1($%-$%8,23$88$%&)$1%1$%4$36%/3448+$&;%S,%49&,/$$/6%-01(%(9,23$%B0)/%31%+7+1$'$16%-)BB+&$16%h%$88$%1?$[)/6$%23$%-,1/%8?)1/6,16%0g%$88$%$/6%4&0B+&+$%$6/?$BB,($%,3//)6w6%h%(?$/6%31%+7+1$'$16%+7,103)//,16;%bYZX%OI7$6,1%O0-0&07>%H(9&-%)#('#,53-2()>%G"(#9-(#,(#$*))(/%>%Q$3)8>%G,&)/>%!ZZ!>%4;%VZ;

Marcelo

]^]

/)63,6)01%b% 1?$/6% 4,/% &+-3(6)@8$% \% -$/% (00&-011+$/% /4,6),8$/% 03% 6$'40&$88$/%h% /,70)&

a%0g%b%$6%a%23,1-%b%1$%4$&'$6%4,/%5&,1-%(90/$%-,1/% 8$% 8,15,5$>%-?,36,16%23$%($%/016

-$/% -011+$/% 0@C$(6)7$/>% 4,/% -$% -011+$/% -$% 8,15,5$;% A$17$1)/6$% 8$% -)6% (8,)&$'$16%\

4&040/%-$%($%23?)8%,44$88$%-$/%a%B0&'$/%4&010')1,8$/%b%$6%\%4,&6)&%-$% 8\%-$% 8,% 8,153$

$16):&$%M% a%K?$/6% 403&6,16% 31% B,)6% \% 8,% B0)/% 0&)5)1,8% $6% B01-,'$16,8% 23$% ($/% B0&'$/

Å4&010')1,8$/Å% 1$% &$170)$16% 4,/% \% 8,% Å&+,8)6+Å% 1)% \% -$/% 40/)6)01/% Å0@C$(6)7$/Å% -,1/

8?$/4,($%03%-,1/%8$%6$'4/>%',)/%\%8?+101(),6)01>%(9,23$%B0)/%31)23$>%23)%8$/%(016)$16>%$6

&+B8+(9)//$16% ,)1/)% 8$3&% 4&04&$% $'480)%bYZY;%S,% &+B+&$1($% -$% /)63,6)01>% (?$/6% 8$% 4&+/$16

-?31$% +101(),6)01>% 23)% $/6% 31)23$>% 8$% 4&+/$16% -?31$% )16$&/3@C$(6)7,6)01% ka% ($3[% 23)

#$))-"!,-&"'% 016% C3/6$'$16% ($()% $1% #$))-"=>?>% 31$% ($&6,)1$% &+B+&$1($% -$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%G03&%-0(3'$16$&%31%4$3%8$%6&,7,)8%,7$(%31%6+'0)51,5$>%70)()%($83)%-$%O0-0&07%M%a%#?,)%/3)7)%4$1-,16483/)$3&/%,11+$/%8$/%(03&/%-$%8)153)/6)23$%5+1+&,8$%-$%A$17$1)/6$>%,3%K088:5$%03%\%8?F(08$%4&,6)23$;%J84,&8,)6%8$16$'$16>%01%4037,)6%6036%106$&%/,1/%(011,{6&$%8,%/6+10>%/01%4&040/%+6,)6%&$',&23,@8$%-$8)'4)-)6+>%603C03&/%)16+&$//,16>%103/%,7)01/%7&,)'$16%8?)'4&$//)01%-$%4+1+6&$&%,7$(%83)%-,1/%8$/%'H/6:&$/-3%8,15,5$;%K?+6,)6%31$%&+B8$[)01%/$&$)1$>%,443H+$%/3&%31$%)''$1/$%+&3-)6)01;%l03/%1?+6)01/%23$%/)[%03/$46%\%/01%(03&/%\%8?+4023$;%D4&:/%]^``>%-,6$%-$%8,%4,&36)01%-$%/01%8)7&$%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(%(9$I%*,88)',&->%)8%,%(0113%31%($&6,)1%/3((:/%43@8)(>%5&|($%\%8,%7,53$%23)%,%40&6+%8$/6&3(63&,8)/'$;%S?037&,5$%,%+6+%8,1(+%$1%'e'$%6$'4/%23$%<()#S&')#('#3()#2:&)()%-$%R03(,386%$6%23$823$/,36&$/%6)6&$/%-,1/%8,%1037$88$%(088$(6)01%ÅA)@8)069:23$%-$/%/()$1($/%93',)1$/Å%-$%G)$&&$%l0&,;%.3%(034>($%7083'$%,&-3%$/6%-$7$13%31%@$/6P/$88$&%M%23,&,16$%')88$%$[$'48,)&$/%$1%31$%/,)/01>%-)/,)6P01;%S$/%5$1//$%8?,&&,(9,)$16>%01%1$%C3&,)6%23$%4,&%A$17$1)/6$%-,1/%8$/%-{1$&/%$1%7)88$;%K?+6,)6%@)$1%/c&%31%49+10':1$6H4)23$'$16%4,&)/)$1>%23)%1$%(0&&$/401-,)6%\%,3(31%)16+&e6%&+$8%M%C$%4$1/$%23$%4$&/011$%1$%8$%8)/,)6;%f&%)8)16&0-3)/,)6%31%&$5,&-%1$3B%/3&%8$/%B,)6/%-$%8,15,5$>%106,''$16%/3&%6036%($%23?)8%,44$8,)6%8?Å+101(),6)01Å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o%z3$823$/%,11+$/483/%6,&->%C$%8?,)%(0113%4$&/011$88$'$16>%23,1->%,4&:/%31%)1B,&(63/>%)8%,%+6+%,66$)16%-?,49,/)$;%G03&%6036$B,')88$>%)8%1?,7,)6%23?31$%/v3&>%$88$P'e'$%(+8)@,6,)&$>%23$%C?,)%,)-+$%\%(9$&(9$&%31%8)$3%0g%)8%403&&,)6%e6&$/0)51+;%#$%'$%/3)/%')/>%,7$(%',%70)63&$>%\%/,%-)/40/)6)01%$6%103/%,701/%7)/)6+%,)1/)%6036$/%/0&6$/%-$',)/01/%-$%&$6&,)6$%'+-)(,8)/+$/%,3603&%-$%G,&)/%,7,16%-$%6&037$&%8,%@011$;%#?,88,)/%8$%70)&%&+538):&$'$16\%($66$%+4023$;%K?+6,)6%+'037,16%403&%'0)%4,&($%23?)8%1$%4037,)6%483/%4,&8$&>%',)/%(0'4&$1,)6%6036;%#$83)%&,(016,)/%'$/%)16+&e6/%-3%'0'$16%M%-?31%(034%)8%/?,1)',)6%$6%40)16,)6%23$823$%(90/$%,7$(%)1/)/6,1($%M/01%&$(3$)8%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(;%#?,88,)/%8$%(9$&(9$&>%)8%8?037&,)6%\%31$%4,5$%$6%'$'016&,)6%$[,(6$'$16%8?$1-&0)6%0g%)8%,7,)6%+(&)6%/3&%8$%/3C$6%-016%C$%7$1,)/%-$%83)%4,&8$&;%#?+6,)/%7&,)'$16,66,(9+%\%/,%4$&/011$;%o%A$17$1)/6$%+6,)6%403&%'0)%8?$[$'48$%-3%43&%$/4&)6%M%23$823?31%23)%1?9,@)6,)6%4,/($%'01-$>%23)%/?+6,)6%-011+%$16):&$'$16%,3%/,70)&;%#?,-')&$%8$/%4$&/011$/%-$%($%5$1&$>%,3[23$88$/%C$%1$&$//$'@8$%4,/%-3%6036%M%C$%1?,)%4,/%8,%4,6)$1($%-?,((3'38$&%-$/%)1B0&',6)01/%4$1-,16%-$/%,11+$/>%,7,16-?$1%$[6&,)&$%23$823$/%(01(83/)01/%B&,44+$/%-,1/%8$%@&01I$%b>%O;%O0-0&07>%H(9&-%)#('#,53-2()>%4;%VZPV];f1%,%$17)$%$1%8)/,16%O0-0&07%-$%&+401-&$%23$%A$17$1)/6$%$/6%483/%23$%6036%,36&$%-,1/%8$%'01-$;%J8%1?H%,4,/%-$%/(9)I$%(9$I%83)%$16&$%8,%7)$%$6%8,%(011,)//,1($>%$6%/01%6&,7,)8%$/6%+5,8$'$16%-,1/%8$%'01-$%4,&%/01$15,5$'$16>%/01%$BB0&6%(&)6)23$>%/01%4&0C$6%+69)23$>%408)6)23$%$6%40+6)23$;YZY%F')8$%A$17$1)/6$>%a%S,%1,63&$%-$/%4&010'/%b%k]^Y`m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%!YX;YZ`%.,1/%a%Q6&3(63&$%-$%8,%8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b%$1%]^`V>%A$17$1)/6$%-+B)1)6%8,a%(0''31)(,6)01%b%-$%($66$%'e'$%',1):&$;%J8%+(&)6%M%a%S,%8,153$%4$36%e6&$%$17)/,5+$%\%8?)16+&)$3&%-$%8,/0()+6+%(0''$%31%/H/6:'$%4&0-3(6)B%M%$88$%4&0-3)6%-3%/$1/>%5&|($%\%/,%(0'40/)6)01%23)%$/6%$16):&$'$1631$%(0'40/)6)01%-$%/)51)B)(,6)01%$6%5&|($%,3%(0-$%23)%(01-)6)011$%($6%,5$1($'$16;%F88$%4&0-3)6%,3//))1-+B)1)'$16%-$/%+101(),6)01/%5&|($%\%($&6,)1$/%&:58$/%-$%6&,1/B0&',6)01%$6%-?$[4,1/)01%B0&'$88$%h%$88$(&+$%-01(%-$/%B0&'$/>%-$/%/(9:'$/%-$%B0&',6)01%h%$88$%(&+$%-$/%0@C$6/%8)153)/6)23$/%23)%/016%)16&0-3)6/-,1/%8$%()&(3)6%-$%8,%(0''31)(,6)01;%S,%Å(0''31)(,6)01Å%-$7&,)6%e6&$%$16$1-3%-,1/%($66$%$[4&$//)01

Marcelo
Marcelo

]^!

/)63,6)01%bm%;%*+&,&-%.$//01/%$[48)23$%,)1/)%23$%a%8,%69+0&)$%-$%8?+101(),6)01%4&+/$16$

($()% -$% /4+()B)23$>% 23?$88$% 6$1-% \% &$1-&$% )1/+4,&,@8$/% 8,% /)51)B)(,6)01% $6

8?9)/60&)()6+%bYZ_>%)8%,C036$%483/%80)1%$1%&$4&$1,16%A$17$1)/6$%M%a%G03&%6&,-3)&$%8$%B,)6%23$

8,%7,8$3&%-3%-)/(03&/%&+/)-$%6036$%-,1/%8$%4&+/$16%-$%8?+101(),6)01>%A$17$1)/6$%,%($66$

B0&6$%-+B)1)6)01%-$%8,%49&,/$>%23)%(01/6)63$%,3//)%31$%-+B)1)6)01%-$%8?9)/60&)()6+%M%ÅK?$/6

31%+7+1$'$16%+7,103)//,16Å;%bYZV;

=,)16$1,16% 103/% 70H01/% 23?)8% H% ,% 31$% -)BB+&$1($% +10&'$% $16&$% 8,% 4&040/)6)01

a%($3[% 23)% (0''31)23$16% 016% C3/6$'$16% ($()% $1% (0''31>% 31$% ($&6,)1$% &+B+&$1($% -$

/)63,6)01%b>%$6%($88$%23$%103/%8)/)01/%483/%9,36%-,1/%8$/%',13/(&)6/%M%a%.,1/%8$%8,15,5$

0&-)1,)&$>%)8%H%,%8$/%/)51$/>%$6%)8%H%,%8$%%5=5%("'%k0@C$6%03%/)63,6)01m%23)%$/6%:&%)%-3%/)51$>

-,1/% 8$% '01-$>% 'e'$% /)% ($% &+B+&$16% $/6% 43&$'$16% 10+6)23$%b;% =e'$% /)% -,1/% ($66$

B0&'38,6)01% A$17$1)/6$% )1-)23$% 23$% 8$% &+B+&$16% -3% /)51$% -,1/% 8$% 8,15,5$% 0&-)1,)&$

403&&,%e6&$%31$%a%/)63,6)01%b>% )8% -+B)1)6% ($66$% &+B+&$1($% (0''$%a%:&%)% -3% /)51$%b>% 31$

&$4&+/$16,6)01% &+,8)/6$YZ^%h% ($% 23)% 1?$/6% C,',)/% /01% 4&0C$6% -$% 69+0&)$% -3% 8,15,5$;% S$/

6$&'$/% -$% a%/)63,6)01%b% $6% -$% a%&+B+&$1($%b% 1?016% 4,/% 8$% 'e'$% /$1/% )()% $6% 8\;% F6% /)

A$17$1)/6$%-,1/%/01%4&0C$6%403&%4$1/$&%31%8,15,5$%40+6)23$%4,&8$%-$%a%&+B+&$1($%b%03

-$%a%/)63,6)01%b>%)8%403&/3)6%@)$1%/c&%/,%&+B8$[)01%/3&%8?+101(),6)01;%S$%8,15,5$%40+6)23$

$/6%8$%8,15,5$%0&-)1,)&$%-$%A$17$1)/6$;

A$17$1)/6$% +(&)6% \% 4&040/% -3% 8,15,5$% 40+6)23$% M% a%F1% 40+/)$% 8$% &+B+&$16% $/6% \

8?)16+&)$3&% -$% 8?$[4&$//)01% 23)% 8$/% ~8$/% /)51$/%pÄ% +101($%M% (?$/6% 403&230)% 8$% 8,15,5$

40+6)23$% &$170)$% \% 83)P'e'$%b;% K$66$% B0&'38,6)01% 4$36% &,44$8$&% ($% 23$% L0',1

#,d0@/01%-+B)1)//,)6%(0''$%8,%a%B01(6)01%40+6)23$%b>%31$%',1):&$%23?,%8$%a%'$//,5$%b

-?,66)&$&% 8?,66$16)01%/3&%($%23?)8%-+B)1)6%(0''$%8,%a%',6+&),8)6+%b%-3% 8,15,5$%M%(?$/6%($

23?01% ,44$88$% 5+1+&,8$'$16% 31% */'&'53-)7(;% =,)/% )8% B,36% B,)&$% ,66$16)01% -$% 1$% 4,/

(01B01-&$% #,d0@/01% $6% A$17$1)/6$>% 4,&($% 23?,3% 40)16% -$% -+4,&6% 8$3&% ,44&0(9$% -3

8,15,5$% $/6% -)BB+&$16$%h% #,d0@/01% 4$1/$% 8$%'$//,5$>%A$17$1)/6$% 4$1/$% 8?)17$16)01% -3

-)/(03&/%h% #,d0@/01% 4$1/$% 31$% a%B01(6)01% 40+6)23$%b% ,3% ')8)$3% -?,36&$/% B01(6)01/

4&+/$16$/% $1%'e'$% 6$'4/% $6% 23?01%403&&,)6% -)/6)153$&%403&% 8$/% @$/0)1/%-$% 8?,1,8H/$>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8)66+&,8$%-$%')/$%$1%(0''31%$6%-$%6&,C$6%()&(38,60)&$;%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%]ZZP]Z];YZ_%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#<A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`>%4;`Y;YZV%I,(7>%4;%`Y;YZ^%F1%+(&)7,16%23$%'e'$%31%a%&+B+&$16%43&$'$16%10+6)23$%b>%-,1/%8$/%(,-&$/%-?31$%4&,6)23$%a%0&-)1,)&$%bk&+,8)/6$m%-3%8,15,5$>%/$&,%a%:&%)%-3%/)51$%b>%A$17$1)/6$%)1-)23$%23$%8?,@/6&,(6)01%1?$/6%4,/%B0&(+'$1631$%(&+,6)7)6+>%23?01%4$36%6&:/%@)$1%+(&)&$%$1%1$%B,)/,16%C,',)/%&+B+&$1($%\%31%0@C$6%(01(&$6%-3%'01-$%$6&$/6$&%-,1/%31$%4&,6)23$%&+,8)/6$%-3%8,15,5$;%A$17$1)/6$>%83)>%,%8,%4&,6)23$%-$%/,%69+0&)$%M%($88$%-3-)/(03&/>%101%($88$%-3%'06;

]^"

,80&/%23$%403&%A$17$1)/6$%8$%4&)1()4$%-3%8,15,5$%$/6%-?e6&$%40+6)23$>%$6%/,%4$1/+$%$/6

($88$%-3%-)/(03&/;%Q)%403&%A$17$1)/6$%a%8$% &+B+&$16% $/6% \% 8?)16+&)$3&%-$% 8?$[4&$//)01%b>

(?$/6%4,&($%23$%a%8$%8,15,5$%40+6)23$%7$36%-?,@0&-%-)&$%-$/%e6&$/>%8$/%10''$&%-,1/%8$3&

/)1538,&)6+% 8$/% 4&+/$16$&% $6% 8$/% B,)&$% /$16)&% (0''$%31)23$/% bY]Z;%U1%"&7-"*3-)7(;%K$

10')1,8)/'$%,BB8$3&$%-,1/%8$/%',13/(&)6/%$6%/$%&$6&037$%-,1/%8$/%23$823$/%&+B+&$1($/%\

*$&,&-%=,18$H%<04d)1/%$6%\%/01%(01($46%-?-")2*$(CLL;%Ç;%<;%*,&-1$&%$[48)23$%,)1/)%\

4&040/% -$/% (01($46/% -?-")2*$(% $6% -?-")'%())% 23)% ,44,&,)//$16% -,1/% 8$% {&/%"*3

-?<04d)1/M

c&^# ':-)# =((3-".# =&%# -"'%-")-2# 4/*3-'Q+# =&%# ':(# /"-=-(,# $*''(%"# &=# ())("'-*32:*%*2'(%-)'-2)+# -)# ':(# )$(2-*3# 7*%\# &=# ':(# *%'-)'+# ^:&)(# O/)-"())# -)# '&# )(3(2'# ':()(2:*%*2'(%-)'-2)#*",#&%.*"-?(#':(7#-"'&#^:*'#B3-9(#8(33CLP#:*)#2*33(,#ã)-."-=-2*"'#=&%7A0>&#'&&#[&$\-")#7/)'#:*9(#=(3'# ':*'#:(#:*,#,-)2&9(%(,#*#"(^#*()':('-2#&%#7('*$:Q)-2*3$%-"2-$3(0#F)#*#"*7(#=&%#':*'#ã-",-9-,/*33Q`,-)'-"2'-9(A#=&%7#b7*,(#/$#&=#9*%-&/)#)(")(`,*'*_#^:-2:#2&")'-'/'()#':(#%-2:#*",#%(9(*3-".#ã&"("())A#&=#':(#"*'/%*3#&O@(2'+#:(#2&-"(,':(#^&%,#)1/(,4$#Å#*",#=&%#':*'#("(%.Q#&=#O(-".#OQ#^:-2:#*33#':-".)#*%(#/$:(3,+#=&%#':*'"*'/%*3#bO/'#/3'-7*'(3Q#)/$(%"*'/%*3_#)'%())#^:-2:#,('(%7-"()#*"#)1/(,4$#*",#\(($)#-'#-"O(-".#l#=&%#':*'#:(#2&-"(,#':(#"*7(#)1/6&$//0%~#$%6&,-3)/%ÄM%=,)16$1,16%($%/$16)'$16%403&8,% 23,8)6+% )16&)1/:23$>% 403&% 8$% '0-:8$% 31)B)+% -$/% (,&,(6+&)/6)23$/% $//$16)$88$/>% $/6% 8,',&23$%/4+(),8$%-$%8?,&6)/6$>%-016%8$%6&,7,)8%$/6%-$%/+8$(6)011$&%($/%(,&,(6+&)/6)23$/%$6%-$8$/% 0&5,1)/$&% -,1/% ($% 23$% K8)7$% A$88% ,% ,44$8+% a%B0&'$% /)51)B),16$%b;% D80&/% <04d)1/+5,8$'$16% -$7,)6% ,70)&% /$16)% 23?)8% ,7,)6% -+(037$&6% 31% 1037$,3% 4&)1()4$% $/69+6)23$% 03'+6,49H/)23$;%K0''$%10'%403&%($66$%B0&'$%a%)1-)7)-3$88$'$16P-)/6)1(6)7$%b%k%B,)6$%-$-011+$/% -$% /$1/% 7,&)+$/m% 23)% (01/6)63$% 8,% &)(9$% $6% &+7+8,6&)($% a%31)()6+%b% -$% 8?0@C$61,63&$8>% )8% B0&5$% 8$% '06% -")2*$(%h% $6% 403&% ($66$% +1$&5)$% -?e6&$% 4,&% 8,23$88$% 6036$/% 8$/(90/$/% /016% ',)16$13$/>% 403&% ($66$% 1,63&$88$% k',)/% \% 8,% B)1% /3&1,63&$88$m% 6$1/)01% 23)-+6$&')1$%31%-")2*$(%$6%8$%6)$16%$1%7)$%É%403&%$88$%)8%,%B0&5+%8$%10'%-")'%());Y]"

S0&/23$%A$17$1)/6$%+(&)6%23$%a%8$%8,15,5$%40+6)23$%7$36%-?,@0&-%-)&$%-$/%e6&$/>

8$/%10''$&%-,1/%8$3&%/)1538,&)6+% 8$/%4&+/$16$&%$6% 8$/%B,)&$%/$16)&%(0''$%31)23$/%bY]X>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y]Z%8FGH1<FID1>%]^>%BrY%o%Br]^];Y]]%Ç;%<;%*,&-1$&%&,44$88$%-,1/%/01%)16&0-3(6)01%-$/%K&(7)#*",#$%&)(%23?)8%+-)6$>%23$%*;%=;%<04d)1/%,6&037+%(9$I%.31/%Q(06%31%+(90%-$%/01%)163)6)01%-$%8?-")2*$(;%J8%+(&)6%M%i#R:/)+#-"#LMfP+#^:-3(#)'/,Q-".7(,-(9*3#$:-3&)&$:Q#*)#$*%'#&=#:-)#"-"(#Q(*%)A#'%*-"-".#=&%#':(#$%-()':&&,+#:(#2*7(#*2%&))#':(#^%-'-".)&=#H/")#>2&'/)+#*",#-"#':*'#)/O'3(#':-"\(%A)#ã$%-"2-$3(#&=#-",-9-,/*'-&"A#*",#ã':(&%Q#&=#\"&^3(,.(A#:(,-)2&9(%(,#^:*'#)((7(,#'&#O(#*#$:-3&)&$:-2*3#2&%%&O&%*'-&"#&=#:-)#&^"#$%-9*'(#':(&%Q#&=#-")2*$(#*",-")'%())0#ãT%&7#':-)#'-7(A+#:(#^%-'()+#ãI#^*)#=3/):#^-':#*#"(^#("':/)-*)70#I'#7*Q#2&7(#'&#"&':-".#&%#-'7*Q#O(#*#7(%2Q#=%&7#m&,A0#n#~#$%6&,-3)/%M%a%D)1/)>%$1%]V_!>%,80&/%23?)8%+63-),)6%8,%49)80/049)$%'+-)+7,8$(0''$%4,&6)$%-$%/$/%1$3B%,1/%-$%4&+4,&,6)01%403&%8,%4&e6&)/$>%)8%&$1(016&,%8$/%+(&)6/%-$%.31/%Q(06>%$6%-,1/8$%s4&)1()4$%-?)1-)7)-3,6)01t%$6%8,%s69+0&)$%-$%8,%(011,)//,1($t-$%($%/3@6)8$%4$1/$3&>%)8%-+(037&)6%($%23)4,&,)//,)6%e6&$%31$%(0&&0@0&,6)01%49)80/049)23$%\%/,%4&04&$%/)$11$%69+0&)$%-$%8?)1/(,4$%$6%-$%8?)1/6&$//;sD%4,&6)&%-$%8\t>%+(&)6P)8>%sC?,)%+6+%40&6+%4,&%31%1037$8%$16903/),/'$;%J8%$/6%40//)@8$%23$%($8,%1$%-011$&)$1%-3%6036%(0''$%)8%$/6%40//)@8$%23$%($8,%/0)6%31$%5&|($%-$%.)$3%t;%bY]!%U1%(&)6)23$%-?,&6%,158,)/%k]VV]P]^`Xm>%(0B01-,6$3&%-3%A800'/@3&H%*&034>%$6%@$,3PB&:&$%-$%i)&5)1),Ç008B;Y]"%K?$/6%\%($%4,//,5$>%\%($66$%4,5$%23$%A$17$1)/6$%/$%&+B:&$%-,1/%/$/%106$/%',13/(&)6$/;%Ç;<;%*,&-1$&>a%J16&0-3(6)01%b>%)1%*$&,&-%=,18$H%<04d)1/>%G0$'/%,1-%4&0/$>%G$153)1%A00d/>%<,&'01-/E0&69>%]^Y">4;%WW;Y]X%8FGH1<FID1>%]^>%BrY%o%Br]^];

Marcelo

]^X

103/% -)/01/% 23$% 8,% -+',&(9$% -$% A$17$1)/6$% $/6% 10')1,8)/6$>% 4,&($% 23?)8% 40/$% 8$

4&0@8:'$%-3%8,15,5$%(0''$%31%4&0@8:'$%-3%"&7#$%&$%(;%J8%8$%B,)6%\%483/)$3&/%&$4&)/$/>

)8% 4,&8$% ,)1/)% -$% a%-+10')1,6)01/% &$(&+,16$/%bY]Y% 03% +(&)6% M% a%S$% 40:6$% (&+$% $1% 8$/

-+10'',16% % -$/% e6&$/% 1037$,3[>% % -$/% e6&$/% -$% 40+/)$% >% 23)% 7)7$16% -?31$% 7)$% 4&04&$>

)16$1/$>% )1/4)&,16$%b;% S$% a%10'% 4&04&$%b% /$% -)/6)153$% 606,8$'$16% -3% a%10'%b>% -$

8?,66)63-$% -$% -+10')1,6)01>% 23$% A$17$1)/6$% (&)6)23$>% $6% 23?)8% &$'$6% ,3% a%8,15,5$

0&-)1,)&$%b%h% 403&% ($8,>% 80&/23$% 23$% A$17$1)/6$% -)6% -3% 8,15,5$% 40+6)23$% 23?)8% $/6% %M

a%,36&$%(90/$%23)%1?$/6%4,/%-$%8?0&-&$%-$%8,%-+10')1,6)01>%',)/%-$% 8,%/355$/6)01%bY]`>

01%-0)6% (0'4&$1-&$% k&$4$1/,16%@)$1% /c&% \%=,88,&'+%23)%0440/$%"&77(%% \% )/..5%(%m

23$% 8$%a%10'%b% ,44,&6)$16% ,80&/% \% 8,% 805)23$%-$% 8,% 10'$1(8,63&$;%S$%a%10'%4&04&$%b>

23,16%\%83)>%,44,&6)$16%,3%-)/(03&/;%J8%$/6%a%4&04&$%b>%4,&($%23$%(9,23$%4&+/$16>%(9,23$

8$(63&$% 8$% &$1037$88$>%4,&($%23?)8% $/6% /3@C$(6)7,16;% kA$17$1)/6$%4,&8$% \%31%'0'$16%-$

a%'06%4&04&$%bY]_>%6$&')10805)$%23?)8%-)6%6$'40&,)&$m

Q)% A$17$1)/6$% 4,&8$% -$% 10''$&% -$/% e6&$/% -,1/% 8$3&% /)1538,&)6+% 03% -$

a%-+10')1,6)01/%&$(&+,16$/%b>%/01%(01($46%403&%-+B)1)&%8?31)6+%-3%8,15,5$%40+6)23$%$/6

8?-2&"(>% 80&/23$%8?31)6+%-3%8,15,5$%0&-)1,)&$%$/6% 8$%)-."(;%S$% 6$&'$%a%)(01$%b%1$%40&6$

4,/%-?,(($16%(9$I%A$17$1)/6$;%G03&%<(#m%*",#D&O(%'#,(#3*#3*"./(#=%*"E*-)(>%8,%5&,49)$

$/6% )1-)BB+&$16$% 80&/23?a%)(01$%b% k03% a%)(w1$%bm% /$% &,440&6$% \% 8,% 4$)163&$% &$8)5)$3/$%h

',)/%4,&%(016&$%a%)(01$%b%1$%40&6$%4,/%-?,(($16% 80&/23?)8%$/6% 8,% 6&,-3(6)01%-3%(01($46

-?-2&"%-$%K9,&8$/%Q,1-$&/%G$)&($%M%a%/)51$%23)%&$170)$%\%($%23?)8%-+106$%k0@C$6m%$1%7$&63

-$% /$/% (,&,(6:&$/% 4&04&$/% $6% 23)% ,% -01(% ,7$(% 8?0@C$6% -$/% (,&,(6:&$/% k,@/6&,)6/>

&$8,6)011$8/m%(0''31/%bY]V;%J()%C?$BB8$3&$%C3/6$%8$%4&0@8:'$%403&%8$%&$4&$1-&$%483/%6,&-%h

C$%1$%B$&,)%23$%23$823$/%&$',&23$/;

S$% 6$&'$%-?a%)(01$%b% 23?)8% /0)6% -3% (w6+% -$% 8,% 4$)163&$% 03% -3% (w6+% -$% 8,% 69+0&)$

4$)&()$11$>% 40/$% 8,% 23$/6)01% -?31% &,440&6% -$% &$4&+/$16,6)01;% S?)(w1$% k03% )(01$m>

80&/23?)8% /?,5)6% -$% 8,% 4$)163&$% &$8)5)$3/$>% 40/$% 8,% 23$/6)01% -?31% &,440&6% \% 8?)',5$;

S?)(w1$% 1?$/6% 4,/% 8?)-08$>% $88$% 1$% (9$&(9$% 4,/% \% &$//$'@8$&% \% 23$823$% (90/$% 03% \

23$823?31>% '0)1/% $1(0&$% \% $1% 4&$1-&$% 8,% 48,($;% S?)(w1$% 1?)'48)23$% 4,/% 31% &,440&6

&+,8)/6$>%$88$%)'48)23$%@$,3(034%483/%31%6&,7,)8%-$%&$4&+/$16,6)01>%31$%/3@C$(6)7,6)01%h

403&%($8,% 8$/% )(w1$/%/016%/037$16%$6%708016,)&$'$16%101%-+6,)88+$/>%403&%($8,%,3//)% 8,

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y]Y%8FGH1<FID1>%!">%BrV%o%Br""];Y]`%8FGH1<FID1>%!Z>%Br]]%o%Br!ZY;Y]_%8FGH1<FID1>%!Z>%BrY^%o%Br"]];Y]V%<(#m%*",#D&O(%'#,(#3*#3*"./(#=%*"E*-)(>%O0'$%JJJ>%4;%!Z!";

Marcelo
Marcelo
Marcelo

]^Y

4$&/4$(6)7$%$/6%)17$&/$%\%8,%4$&/4$(6)7$%8)1+,)&$%h%8$%&$5,&-%$/6%&$1-3%4,&%8$%&$5,&-Y]^;%S$

&,44&0(9$'$16% $16&$% 8?)(01$% -3% 8,15,5$% 40+6)23$% $6% 8?)(w1$% $1% 4$)163&$>% 4,&,{6

)16+&$//,16$%h%01%403&&,)6%'e'$%-)&$>%\%4,&6)&%-$% 8?0440/)6)01%-$% 8?)(w1$%$6%-$% 8?)-08$>

(0''$%-$3[%&,440&6/%@)$1%-)/6)153+/%\%8?)',5$>%23$%8$%/)51$%-3%8,15,5$%0&-)1,)&$%$/6

31$%)-08$>%43)/23?)8%)'48)23$%31%&+,8)/'$>%8$%'e'$%23$%($83)%23$%8?)-08$%)'48)23$;

S$%(01($46%4$)&()$1%-?%a%)(01$%b>% ,3% 6&,7$&/%-$% 8,%-+B)1)6)01%()6+$%483/%9,36>% k$6

23)% 6&,-3)6% $1% B,)6% 31$% B0&'38,6)01% -011+$% 4,&% G$)&($% $1% ]^Z"% -,1/% a%F# >Q33*O/)# &=

B(%'*-"#R&$-2)#&=#<&.-2#bY!Zm>%8,)//$%,44,&,{6&$%6036$%8,%48,($%-?31$%,@/$1($%-$%69+0&)$

-3% 8,15,5$%h% 23$% /016% ($/% a%(,&,(6:&$/% 4&04&$/%b% ,3[% /)51$/>%$6% 23?)8/% ,3&,)$16% $1

(0''31%,7$(%-?,36&$/%(90/$/%M%/3&%230)%/$%B01-$%($66$%,1,805)$%p%i0)()%31$%1037$88$

-+B)1)6)01% k&,44$801/% 23$% 8?a%)(01$%b% 4&$1-% 48,($% -,1/% /,% B,'$3/$% 6&)4,&6)6)01% $1

a%)(01$%b>%a%/H'@08$%b%$6%a%)1-)($%bm%M

<-\("())()+#&%+#*)#I#$%(=(%#'&#)*Q+#I2&")+#^:-2:#)(%9(#'&#%($%()("'#':(-%#&O@(2')#&"3Q#-"#)&=*%# *)# ':(Q# %()(7O3(# ':(7# -"# ':(7)(39(0Y!]% ~#$% 6&,-3)/%MÄ% L$//$'@8,1($>% 03>% (0''$% C$4&+B:&$%-)&$>%J(01$/>%23)%/$&7$16%\%&$4&+/$16$&%8$3&/%0@C$6/%/$38$'$16%-,1/%8,%'$/3&$%0g)8/%8$3&%&$//$'@8$16%$1%$3[P'e'$/;%

S$%4&0@8:'$%-,1/% 8?31$%03% 8?,36&$%-$/%-$3[%-+B)1)6)01/%(?$/6%23$% 8$% &,440&6%$/6

40/+%$16&$% 8$%/)51$%$6% 8$% &+$8%-,1/%31$%,@/$1($%-$%/+')0805)$%-$% 8,% 8,153$>%-,1/%31$

,@/$1($% /)'48$'$16% -$% 4$1/+$% -3% 8,15,5$% É% &,44$801/% 23$% 8$% /)51$% 1?$/6% 4,/

8)153)/6)23$%(9$I%G$)&($%kA$17$1)/6$%+(&)&,%\%4&040/%-$%G$)&($%M%a%403&%83)%8,%8,153$%$/6

4,&6036% $6% 1388$% 4,&6%bY!!%h% 8$/% (90/$/% $[)/6$16% $1% $88$/P'e'$/>% -$/% 4$&/011$/>% -$/

0@C$6/>% -$/% '3/)23$/% /,1/% -)/6)153$&>% $6% )8% 4$36% ,&&)7$&% 23$% 23$823$% (90/$% 8$3&

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y]^%i0)&%483/%80)1>%4;%!_";Y!Z%a%F"#I2&"#-)#*#)-."#^:-2:#%(=(%)#'&#':(#!O@(2'#':*'#-'#,("&'()#7(%(3Q#OQ#9-%'/(#&=#2:*%*2'(%)#&=#-')#&^"*",#^:-2:#-'#$&))())()+#@/)'#':(#)*7(+#^:(':(%#*"Q#)/2:#!O@(2'#*2'/*33Q#(N-)')#&%#"&'0#I'#-)#'%/(#':*'/"3())#':(%(#%(*33Q#-)#)/2:#*"#!O@(2'+#':(#I2&"#,&()#"&'#*2'#s*)u#*#)-."Å#O/'#':-)#:*)#"&':-".#'&#,&#^-':#-')2:*%*2'(%#*)#*#)-."0#F"Q':-".#^:*'(9(%+#O(#-'#4/*3-'Q+#(N-)'("'#-",-9-,/*3+#&%#3*^+#-)#*"#-2&"#&=#*"Q':-".+-"#)&#=*%#*)#-'#-)#3-\(#':*'#':-".#*",#/)(,#*)#*#)-."#&=#-'#n>%K;%Q;%G$)&($>%a%D%QH88,@3/%0B%K$&6,)1%O04)(/%0BS05)(%b%)1%R:(#1))("'-*3#K(-%2(0#>(3(2'(,#K:-3&)&$:-2*3#]%-'-".);%708;%!%k]V^"P]^]"m>%$-)6$-%@H%69$G$)&($%F-)6)01%G&0C$(6>%]^^V;%A800')15601%,1-%J1-),1,408)/M%J1-),1,%U1)7$&/)6H%G&$//>%4;%!^]Y!]%K9,&8$/%Q;%G$)&($>%a%D%Qd$6(9%0B%S05)(,8%K&)6)(/%b%k]^Z^m>%)1%R:(#1))("'-*3#K(-%2(0#>(3(2'(,K:-3&)&$:-2*3#]%-'-".);%708;%!%k]V^"P]^]"m>%$-)6$-%@H%69$%G$)&($%F-)6)01%G&0C$(6>%J1-),1,%U1)7$&/)6HG&$//;>%A800')15601%,1-%J1-),1,408)/>%]^^V>%X`ZPX`];U1$%&$',&23$>%4$36Pe6&$%)&&$($7,@8$>%$/6%23$%8,6&,-3(6)01%-$/%49&,/$/%-$%G$)&($%1?0BB&$%,3(31$%-)BB)(386+>%23,1-%\%8?)17$&/$%8,%6&,-3(6)01%-$/%6$[6$/%-$A0,/>%-$%Q,4)&%40/$%-$%7&,)$/%4&0@8:'$/%-$%6&,-3(6)01;%f1%,%8$%/$16)'$16%$1%8)/,16%$6%$1%6&,-3)/,16G$)&($>%23$%8$%-)/(03&/%$/6%805)()$1%$6%23$%8,%8,153$%$/6%805)()$11$;%K?$/6%8$%'0-:8$%4&040/)6)011$8%&+4+6+\%8?)1B)1);%G$)&($%1?)17$16$%4,/%8,%8,153$;Y!!%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P%k]^`^m>%4;XX;%A$17$1)/6$%0440/$%G$)&($%\%Q,3//3&$%M%a%K9$I%Q,3//3&$>%8,%&+B8$[)01%4&0(:-$%-$%8,%8,153$%$6%4&$1-%8,8,153$%(0''$%0@C$6%$[(83/)B%b%kI,(7;>%4;%XYm;

]^`

&$//$'@8$>%31$%4$)163&$%03%31%/$16)'$16Y!";%Q)%8$/%(90/$/%/$%&$//$'@8$16>%01%1$%/,)6%4,/

(0''$16;% #,',)/% )8% 1?H% ,% 8?)-+$% -?31$% )16$&4&+6,1($% -$% 8,% 8,153$;% K$% 23$% 103/

&$',&2301/%',)16$1,16>%-,1/%31%&,440&6%,3%6&,7,)8%-$%A$17$1)/6$>%\%/,%40+6)23$>%(?$/6

23$% 8?)(01$>% (0''$% 31)6+% -3% 8,15,5$% 40+6)23$>% $/6% 31$% 31)6+% $[(83/)7$'$16

8)153)/6)23$>% 23,1-% (9$I% G$)&($% ,3% (016&,)&$% 8,% 8,153$% $/6% 4&+()/+'$16% $[(83$% -3

-0',)1$%-$%8?)(01$%k403&%G$)&($>%8$/%/)51$/%-$%8,%8,153$%/016%-$/%)1-)($/>%',)/%/3&6036

-$/% /H'@08$/>%(0''$%(?$/6%403&% 83)%31$%a%80)%b%23)% 8$/%+6,@8)6m;%A$17$1)/6$%-)&,%@)$1

(0''$% G$)&($% 23?$1% 83)P'e'$% 8?)(01$% &$//$'@8$% \% ($% 23?)8Y!X% &$4&+/$16$>%'e'$

-,7,16,5$% 23?)8% /?)-$16)B)$% \% 83)% É% a%S,% 40+/)$% $/6% )-$16)B)(,6)01% -$% 8,% ',6):&$

8)153)/6)23$%\%8,%/)51)B)(,6)01%-$/%'06/;%J8%B,36%23$%8$%/01%/355:&$%03%)')6$%8$%/$1/>%',)/

8$% /$1/% 4&)/% (0''$% /355$/6)01% +'06)7$% 101% (0''$% /)51)B)+% 8$[)(,8;%bY!Y% É%',)/% \% 8,

-)BB+&$1($% -$% G$)&($% (9$I% 23)% 8$% &,440&6% $/6% &+,8)/6$>% (9$I%A$17$1)/6$% 8?)-$16)B)(,6)01

(0&&$/401-%\%8,%4&0-3(6)01%-$%8,%/)51)B),1($;

f1%70)6%23$%A$17$1)/6$%6|(9$%-$%-+4,//$&%8,%(01($46)01%-3%/$1/%-,1/%8$%8,15,5$

40/+%(0''$%/)51)B)(,6)01%8$[)(,8$;%S,%-)&$(6)01%23?)8%4&$1-%403&&,%4,&,{6&$%/)1538):&$%h

)8% &$-+B)1)6% 8$% /$1/% -,1/% 8$% 8,15,5$% 40+6)23$% (0''$% )/..()'-&"# 57&'-9(;% J8% /?,5)6% -$

&+)1/(&)&$%-$%($66$%',1):&$%8$%/3C$6%-,1/%8$%8,15,5$>%-$%4$1/$&%23$%8$%8,15,5$%1$%-+106$

4,/%8$%'01-$>%',)/%8?)17$16$%M

S$%/)51$%8)153)/6)23$%$/6%(01($463$8%h%8?%a%)(01$%b%40+6)23$$/6%(9,23$%B0)/%31)23$;Y!`

A$17$1)/6$% -)/6)153$% 8$a%/)51$%b% $6% 8?a%)(01$%b%/03/% 8?,/4$(6% -?31$% 0440/)6)01

$16&$% 8$% a%(01($463$8%b% $6% 8$% a%(9,23$% B0)/% 31)23$%b;% S$% a%(01($463$8%b% /$&,% -01(% -3

(w6+% -$% 8,% (017$16)01>% -3% (0''31;% S$% 8,15,5$% 40+6)23$>% 83)>% +(9,44$% \% ($66$

(017$16)01>%)8%(&+$%31%@*7*-)`("2&%(`$(%E/CPf%M

S$%40:6$%%(&+$%%8,%&+,8)6+%)1-)7)-3$88$>%)1/6,16,1+$-016%)8%4,&8$%>%,80&/%23$%%8,%8,153$%%0&-)1,)&$%4&+/$16$

% 31$%/$38$%%$6%%(01/6,16$%%(,6+50&)/,6)01%-3%'01-$>%%%%%%%%%%%%%%8,%'e'$%403&%603/;Y!V

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y!"%<(#m%*",#D&O(%'#,(#3*#3*"./(#=%*"E*-)(%,C036$%-,1/%8,%-+B)1)6)01%k01%1$%(011,{6%4,/%8,%/03&($%-$%($66$)1B0&',6)01m%23$%8?)(01$%$/6%31%/)51$%23)%+(9,44$%\%8?,&@)6&,)&$%-3%/)51$;Y!X%K9$I%A$17$1)/6$>%-,1/%/$/%',13/(&)6/%/3&%A,3-$8,)&$>%8?-2&"(%$/6%',/(38)1%$6%1$%40&6$%4,/%-?,(($16;Y!Y%8FGH1<FID1>%!!>%BrX%o%Br%!Y`;Y!`%8FGH1<FID1>%!!>%Br"Z%o%Br%!V!;Y!_%S?$[4&$//)01%/$%6&037$%C3/6$%$1/3)6$%-,1/%8$%'e'$%B$3)88$6%M%a%S$%40:6$%%+7$)88$%8$%/$16)'$16>%+-323$8,%o%4$&($46)01%>%,7)7$%8?)'4&$//)01%%-$%8,%(90/$%31)23$>%o%-3%C,',)/P$1(0&$P4$&T3;%%=,)/%(?$/6%83)%23)%(&+$o%($66$%+'06)01%23?)8%/3/()6$%>%($%/016%8$/%'06/%23?)8%o%,%/3%,//$'@8$&;%b%k8FGH1<FID1>%!!>%Br"Z%o%Br%!V!mY!V%8FGH1<FID1>%!!>%Br"Z%o%Br%!V!;

Marcelo
Marcelo
Marcelo
Marcelo

]^_

D% 8,% a% /$38$% $6% (01/6,16$% (,6+50&)/,6)01% -3% '01-$%b>% A$17$1)/6$% 0440/$% 8,

(&+,6)01% -$% a%8,% &+,8)6+% )1-)7)-3$88$>% )1/6,16,1+$%b% -016% 8$% 40:6$% 4,&8$;% .?31% (w6+>% 8$

7o7(>%a%/$38$%b>%a%(01/6,16$%b>%8$%'e'$%+69)23$>%408)6)23$%$6%9)/60&)23$%h%$6%-$%8?,36&$>

8?a%)1-)7)-3$88$%b>%8?a%)1/6,16,1+$%b>%8$%/3C$6>%8$%4&+/$16%$6%8?)17$16)01%-$%8?9)/60)&$;%S$/

6$&'$/% $6% 8$/% $1C$3[>% 103/% 8$/% &$(011,)//01/>% /016% ($3[% -$/% 6&,7,3[% 43@8)+/% -$

A$17$1)/6$%M% 23?01% /$% &,44$88$% 4,&% $[$'48$% 6$88$% 49&,/$% -$% 8?,&6)(8$% a%S$% 8,15,5$% $6

8?$[4+&)$1($%93',)1$%b%k]^`Ym%M%a%S,%8,153$%403&70)6%8$/%4,&8,16/%-?31%'e'$%/H/6:'$

-$% &+B+&$1($/%4$&/011$88$/%23$% (9,(31% /?,44&04&)$%4,&% 8?,(6$%-$% 8,15,5$% $6% 23)>% -,1/

(9,23$% )1/6,1($% -$% /01% $'480)>% -:/% 23?)8% $/6% ,//3'+% 4,&% /01% +101(),6$3&>% -$7)$16

31)23$% $6% 101% 4,&$)8>% 1$% 4037,16% /$% &+,8)/$&% -$3[% B0)/% -$% 8,%'e'$%',1):&$%bY!^;% S,

40+6)23$% 23?+(&)6% A$17$1)/6$% 403&/3)6% 8$% 'e'$% 4&0C$6% 23$% /,% 8)153)/6)23$Y"Z%M% )8% H

&$1037:8$% 8,% 69+0&)$% -3% 8,15,5$>% 6|(9,16% -$% 4$1/$&% 31$% 8)153)/6)23$% -3% 8,15,5$% 7+(3

(0''$% $[4+&)$1($;% S$/% $1C$3[% -$% 8,% 40+6)23$% -$% A$17$1)/6$% É% -,1/% 8,23$88$% 01

403&&,)6%\%4&+/$16%)1(83&$%603/%/$/%6&,7,3[>%403&%,36,16%23$%8?01%4$1/$%8$%$&;7(%(0''$

($% 23)% &+)17$16$% 8$% 8,15,5$>% ,3% /$1/% -$% 8,% K&5'-4/(% -?D&)/606$% É% -+4,//$16% -?31$

($&6,)1$%',1):&$%8$%8,15,5$%h%03%4836w6>%,7$(%8$%8,15,5$%/016%1+($//,)&$'$16%)'48)23+/

6036$% 31$% /+&)$% -$% &$4&+/$16,6)01/%h% $6% /)% 8,% 69+0&)$% -3% 8,15,5$% (9,15$% (?$/6% 6036$

8?,169&040805)$% 23)% (9,15$>% 8,% (01($46)01% -$% 8,% &+,8)6+>% -3% /3C$6>% -$% 8,% /0()+6+>% -$

8?9)/60)&$>%-$%8?,&6;

S?)-+$%-?31$%(,6+50&)/,6)01%-3%'01-$%a%8,%'e'$%403&%603/%b%$/6%@)$1%\%8?0440/+

-$%8,%(01($46)01%-3%/3C$6%$6%-$%8,%/0()+6+%23$%A$17$1)/6$%6&,7,)88$%\%4$1/$&;%S$%(088$(6)B>

(9$I% 83)>% 1?$/6% C,',)/% ,36&$% (90/$% 23?31$% )17$16)01% -3% (088$(6)B>% -3% (0''31>% -3

-),8053$;%D3(31%(088$(6)B%1?$/6% C,',)/%-011+>% ,3(31$%(017$16)01;%A$17$1)/6$% )16)638$

31%$16&$6)$1%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%$6%)8%+(&)6%M%a%K?$/6%8$%8,15,5$>%23)>%4,&%/,

1+($//)6+>% /,% 4$&',1$1($>% (01/6)63$% 8?9)/60)&$%bY"]>% (?$/6% -,1/% 8?,(6)7)6+% -3% 8,15,5$

(0''$%-),8053$%23$%/$%B,)6%8?)17$16)01%-$%8,%7,8$3&>%-3%(088$(6)B>%-$%8?)1/6)636)01Y"!;%fg

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y!^%F')8$%A$17$1)/6$>%a%S$%8,15,5$%$6%8?$[4+&)$1($%93',)1$%b%k]^`Ym>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%`V;Y"Z%fg%8?01%(0'46$%8$/%6&,7,3[%-$%8)153)/6)23$%5+1+&,8$>%',)/%,3//)%603/%8$/%6&,7,3[%/3&%8$/%8,153$/>%23)4,&%8?,44&0(9$%-3%4&0@8:'$%23$%A$17$1)/6$%403&/3)6%-?H%&+)17$16$&%603C03&/%$/6%)1-)//0(),@8$'$16%31$8)153)/6)23$%5+1+&,8$;Y"]%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+%P>4;%"!;Y"!%=,)/%+5,8$'$16>%8$%8,15,5$%(01/6)63$%8?9)/60)&$%-,1/%8$%/$1/%0g%)8%H%,%31$%+(&)63&$%-$%8?9)/60)&$>%31$)17$16)01%-$%8?9)/60)&$>%$6%101%31$%9)/60)&$%23)%$[)/6$&,)6%-$%',1):&$%0@C$(6)7$>%31%$1&)/6&$'$16%$6%31$

Marcelo

]^V

23$% 8?01% &$5,&-$%01%1$%70)6% C,',)/% ,36&$% (90/$%23$%-3%-),8053$>%a%103/%1?,66$)5101/

C,',)/% 8?90''$% &+-3)6% \% 83)P'e'$%b%+(&)6%A$17$1)/6$>% a%(?$/6% 31%90''$%4,&8,16%23$

103/%6&03701/%-,1/%8$%'01-$>%31%90''$%4,&8,16%\%31%,36&$%90''$%b%Y"";%D3//)>%403&

83)>% 8,% a%(0''31)(,6)01%b% 1?$/6% 4,/% 6$88$% 23$% -,1/% 31$% (01($46)01% 31)7$&/,8)/,16$>

-+/3@C$(6)7,16$% $6% ,9)/60&)/,16$>% 31% /(9+',% 03% 31$% /6&3(63&$% -$% 8,% (0''31)(,6)01

k$1(0-,5$P-+(0-,5$>% /6)'383/P&+401/$>% +'$66$3&P'$//,5$P&+($46$3&m% (?$/6% 6036

,36&$'$16%31%4&0(:/>% 31$%a%')/$% $1% (0''31%bY"X%h% 8$% (0''31%+6,16% ,80&/% 603C03&/% \

(01/6)63$&>% C,',)/%-011+;%K?$/6% 8$% /$1/%-$% 8,%a%(017$16)01%b% (9$I%Q,3//3&$>% 23)%1?$/6

4,/% 8,% (017$16)01% 48,601)()$11$Y"Y>% 31% 10'% 403&% (9,23$% (90/$>% 31$% 10'$1(8,63&$;

K9$I%Q,3//3&$>%8,%a%(017$16)01%b>%01%/$%-036$>%1$%4$36%4,/%e6&$%31$%10'$1(8,63&$%ka%8,

4834,&6%-$/%(01($46)01/%23$%/$%B016%03%-3%'0)1/%23n0BB&$16%8$/%49)80/049$/%-3%8,15,5$

B016%/015$&%\%106&$%4&$')$&%4:&$%D-,'%,44$8,16%4&:/%-$%83)%8$/%-)7$&/%,1)',3[%$6%8$3&

-011,16% \% (9,(31% 8$3&% 10'%bY"`m>% 8,% (017$16)01% $/6% 8)+$% \% 8?,(6)7)6+% -3% /3C$6% -,1/% 8,

/0()+6+>%\% 8?)17$16)01%-$% 8,%7,8$3&>%\% 8?)17$16)01%-3%4&+/$16;%Q,3//3&$%1$%4$1/$%4,/% 8$

a%'06%b>%',)/%8$%)-."(>%23)%1?$/6%4,/%8$%'06>%23)%$1%$/6%'e'$%4&+()/+'$16%8,%(&)6)23$%h

$6%8,%4$1/+$%-3%)-."(%(9$I%Q,3//3&$>%4,&($%23?$88$%$/6%31$%4$1/+$%-$%8,%9*3(/%>%$/6%31$

4$1/+$%-3%-)/(03&/Y"_>%$6%-01(%-3%/3C$6;%J8%H%,%31%(016&$P/$1/%k4,&')%6036$%8,%/+&)$%-$/

(016&$P/$1/% 23?01% ,% )'40/+/% \% 8,% 4$1/+$% -$% Q,3//3&$m% ,3% /3C$6% -$% /$/% (01($46/% -$

2&33(2'-9-'5% $6% -$% 2&"9("'-&">% $6% ($% (016&$P/$1/% $/6% 8,&5$'$16% 0&5,1)/+% k(0''$

/037$16Y"Vm% 4,&% 8?+-)6)01% -3%B&/%)# ,(# 3-"./-)'-4/(# .5"5%*3(;% U1% $[$'48$% /$&,)6% 4,&

$[$'48$%($83)P()%\%4&040/%-$%8,%9*3(/%>%-$%8?-",-9-,/%$6%-$%8,%2&33(2'-9-'5%h%8?+-)6)01%-3

B&/%)%-011$%\%8)&$%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%/3(($//)01%-$%B,)6/;%Ç)898$'%701%<3'@08-6%)16)638,)6%31%037&,5$%H(#3*#'k2:(#,(#3A52%-9*-"#,(3A:-)'&-%(%kC$%6&,-3)/m>%ÇO(%#,-(#F/=.*O(#,()#m()2:-2:')2:%(-O(%)%k]V!]m;%S,%6&,-3(6)01%B&,1T,)/$>%($88$-$%G)$&&$%K,3//,6%k+-)6)01/%-3%Q$3)8m%03%($88$%-?D1-&+%S,d/%$6%-?D11$66$%.)//$8d,'4%kG&$//$/U1)7$&/)6,)&$/%-$%S)88$m%-)6%<*#'k2:(#,(#3A:-)'&%-(";Y""%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;!Y^;Y"X%a%~S,%8,153$Ä%(&+$%-01(%-$/%B0&'$/>%-$/%/(9:'$/%-$%B0&',6)01%h%$88$%(&+$%-$/%0@C$6/%8)153)/6)23$/%23)/016%)16&0-3)6/%-,1/%8$%()&(3)6%-$%8,%(0''31)(,6)01;%S,%Å(0''31)(,6)01Å%-$7&,)6%e6&$%$16$1-3$%-,1/%($66$$[4&$//)01%8)66+&,8$%-$%')/$%$1%(0''31%$6%-$%6&,C$6%()&(38,60)&$;%b>%F')8$%A$17$1)/6$>%a%Q6&3(63&$%-$%8,8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%]ZZP]Z];Y"Y%f1%&$4$1/$%\%8,%a%80)%b%-016%K;%Q;%G$)&($%4,&8,)6%403&%&,15$&%8$/%/)51$/%8)153)/6)23$%-,1/%8,%(,6+50&)$/-$/%a%/H'@08$/%b;Y"`%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%!"Z;Y"_%f1%&$170)$%\%8?,&6)(8$%-$%*+&,&-%.$//01/>%a%.3%-)/(3&/)B%b>%)1%<*".*.()+#LCa+#<-"./-)'-4/(#('$&5'-4/(#,/#,-)2&/%)0#F#$*%'-%#,(#>*/))/%(%k13'+&0%0&5,1)/+%4,&%*;%.$//01/%$6%#;PS;%K9)//m>%S,&03//$>G,&)/>%/$46$'@&$%!ZZY>%4;%]^P"V;Y"V%=e'$%/)%31$%8$(63&$%$/6%31$%8$(63&$%-%è+4023$>%$6%23$%4,&B0)/%)8%1?$/6%'e'$%4,/%@$/0)1%-$%6&,-3(6)01403&%$15$1-&$&%8$%(016&$P/$1/%h%(?$/6%8?$[$'48$%-$/%6$[6$/%-$%Q,4)&%4,&%$[$'48$%\%23)%016%B,)6%-)&$%6036%$61?)'40&6$%230)%23)%1?$/6%4,/%Q,4)&;%S?$[$'48$%8$%483/%(+8:@&$%$/6%($83)%-$%8,%4&+6$1-3$%a%9H4069:/$Q,4)&PÇ90&B%b;

]^^

S,%(088$(6)7)6+%$/6%1+($//,)&$%403&%+6,@8)&%-$/%7,8$3&/%-016%8?31)23$%&,)/01%-?e6&$%$/6%-,1/8?3/,5$%$6%8$%(01/$16$'$16%5+1+&,8%h%8?)1-)7)-3%\%83)%/$38%$/6%)1(,4,@8$%-?$1%B)[$&,3(31$;Y"^

J8% H% ,% )()% 31% a%(01/$16$'$16% 5+1+&,8%b% (0''$% a%31)23$% &,)/01% -?e6&$%b% -$% 8,

7,8$3&>%/3&%8$23$8%C$%4$1/$%23?)8%B,36%&$-$',1-$&%\%Q,3//3&$>%-$',1-$&%,3[%(,9)$&/%-$

/$/%+8:7$/%31$%(01B)&',6)01;%.?,36&$%4,&6%8$/%$[4&$//)01/%(0''$%a%B)[$&%b%03%a%+6,@8)&

-$/% 7,8$3&/%b% ,44,&,)//$16% +6&,15:&$/% \% Q,3//3&$;% É% $6% 103/% 7$&&01/% +7)-$''$16

23?,3(31$% -$% ($/% $[4&$//)01/% 1$% /$% &$6&037$% -,1/% 8$/% (,9)$&/;% Q)% Q,3//3&$% 4$1/$% 8,

9*3(/%>%(?$/6%(0''$%)17$16)01%-$%8,%7,8$3&>%$6%,)1/)%-$%8,%(088$(6)7)6+%h%(?$/6%31$%4$1/+$

-$%8?9)/60)&$>%&)$1%1?$/6%B)[+>%B)5+%(9$I%83)YXZ>%'e'$%8,%a%8)153)/6)23$%/6,6)23$%b>%23)%$/6

@)$1%,3%(016&,)&$%)16+&$//+$%\%(0'4&$1-&$%8$%4&+/$16>%4&+/$16%-$%8,%8,153$%$6%-3%&$5,&-

40&6+% /3&% ($66$% 8,153$;% f1% /,)6% @)$1% 4,&% ,)88$3&/% 23$8% /$16)'$16% ,% Q,3//3&$% 403&% 8,

a%(017$16)01%b% $6% 8,% 4$1/+$% -3% (088$(6)B% 23)% $1% -+(038$>% 80&/23$% ($66$% (017$16)01% $/6

8?)16$&4&+6,6)01%&+,8)/6$%-$%8,%8,153$%(0''$%10'$1(8,63&$;%Q3&%8$%4&$')$&%(,9)$&>%($83)

-?D8@$&6% L)$-8)15$&>%103/% 8)/01/% M% a%fg% $[)/6$P6P)8>% -,1/% 31% 0&-&$% 23$8(0123$% x% 31

/H/6:'$% -$% 7,8$3&/>% /)% ($% 1?$/6% y% -$% 4,&% 8,% (088$(6)7)6+%p% U1% )1-)7)-3% 6036% /$38% $/6

)1(,4,@8$%-?$1%B)[$&%,3(31$%bYX];%D3%8)$3%-?31$%a%(088$(6)7)6+%b%-+B)1)$%(0''$%',//$

,@/6&,)6$%-?)1-)7)-3/%ka%8,%(088$(6)7)6+%$/6%1+($//,)&$%~�Ä%bm%23)%$/6%8$%&+$8%23$%4&040/$

8$%B&/%)>%(?$/6%31%$%&2;)#,(#2&33(2'-9-'5%23$%103/%8)/01/%M%a%31%/H/6:'$%-$%7,8$3&/%~�Ä

-$#$*%# 3*# 2&33(2'-9-'5%b% k8?$[4&$//)01% $/6% 4&+/$16$% -,1/% 603/% 8$/% (,9)$&/YX!m%M% )()>% (?$/6

31$%4$1/+$%-3%4&0C$6>%-3%-),8053$>%-$%8?9)/60)&$>%-3%/3C$6%h%8,%2&33(2'-9-'5%1?$[)/6$%4,/%$1

6,16%23$%6$88$>%,@/6&,)6$'$16>%(?$/6%31$%,(6)7)6+%k$*%#3*#2&33(2'-9-'5m;%D80&/>%-,1/%8,%/3)6$

-$% 8,% 49&,/$>% a%31% )1-)7)-3% 6036% /$38%b% 4&$1-% 8$% /$1/% -$% a%31% )1-)7)-3% 90&/% -$% 8,%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y"^%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%43@8)+%4,&%K9,&8$/%A,)88H%$6%D8@$&6Q+(9$9,H$%$1%]^]`>%+-)6)01/%G,H06%$6%L)7,5$/>%G,&)/>%]^_!>%4;%]Y_;YXZ%f1%/$%/037)$16%4,&%$[$'48$%-$%8,%',1):&$%-016%Q,3//3&$%4,&8$%-$%8?$[40/)6)01%-$/%40&6&,)6/490605&,49)23$/%-$%A053/8,E/d)%M%a%.$%'e'$>%/)%8?01%,7,)6%43%101%4,/%490605&,49)$&%',)/490105&,49)$&%,3%C03&%8$%C03&%-:/%8?0&)5)1$%6036%($%23)%,%+6+%$[4&)'+%$1%4,&08$%/3&%8$%580@$%03%/3&%31$4,&6)$%-3%580@$>%01%,3&,)6%-$/%)',5$/%-$%8,153$%603C03&/%&$//$'@8,16$/%-?31%C03&%\%8?,36&$>%',)/(01/)-+&,@8$'$16%-)BB+&$16$/%$6%4,&B0)/%)1(,8(38,@8$'$16%-)BB+&$16$/%-$%YZZ%,1/%$1%YZZ%,1/>%$6%'e'$%-$]ZZ%,1/%\%]ZZ%,1/;%b%kR$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;]Y_%;mYX]%R$&-)1,1-%-$%Q,3//3&$>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%+-)6)01%(&)6)23$%4,&%L3-08B%F158$&><,&&,//0E)6I>%Ç)$/@,-$1>%]^`V>%B,/()(38$%!>%4;%!YY;YX!%%% ]VX"%fg%$[)/6$P6P)8>%-,1/%31%0&-&$%23$8(0123$%x%31%/H/6:'$%-$%7,8$3&/>%/)%($%1?$/6%y%-$%4,&%8,(088$(6)7)6+%p%U1%)1-)7)-3%6036%/$38%$/6%)1(,4,@8$%-?$1%B)[$&%,3(31$;

]VX"%K,&%)8%1?H%,%-$%7,8$3&%23$%-,1/%31$%(088$(6)7)6+;%S?)1-)7)-3%1$%(011,{6%8,%7,8$3&%23$%-$%4,&8,%(088$(6)7)6+;

]VX"%D3(31$%7,8$3&%1$%9*/'>%1?$/6%(0113$%4,&%8?)1-)7)-3;%F88$%1?$/6%(0113$%23$%4,&%8,(088$(6)7)6+;

!ZZ

(088$(6)7)6+%b>%31%)1-)7)-3%90&/%-3%-),8053$YX">%,80&/%23$%-$%8?,36&$%(w6+>%-,1/%8?+-)6)01

-3%B&/%)>%a%31%)1-)7)-3%\%83)%/$38%b>%01%$/6%-,1/%8?0440/)6)01%6&,-)6)011$88$%-3%/3C$6%$6

-$%8,%/0()+6+>%-$%8,%4,&08$%$6%-$%8,%8,153$%h%01%,%8$%/$16)'$16%23$%8$%/3C$6%$/6%$[(83%-$

($66$% 8)153)/6)23$>% 23)% /$'@8$% ,70)&% -,7,16,5$% 8$% 4&0C$6% -$% 4$1/$&% 31% ,@/6&,)6

a%(01/$16$'$16% 5+1+&,8%b;%.,1/% 8$% -$&1)$&% (,9)$&>% ($83)% -?F')8$%K01/6,16)1>% a%4,&% 8,

(088$(6)7)6+%b% $/6% /H101H'$%-$% a%-,1/% 8$%')8)$3% /0(),8%b>% É% a%K,&% 31$% 7,8$3&% 1?$[)/6$

23$% -,1/% 8$%')8)$3% /0(),8>% 23$% 4,&% 8,% (088$(6)7)6+%b% É% ($%7-3-(/% 103/% $1% &,44$8,16% 31

,36&$>%@)$1%4&0(9$>%($83)%-$%A$17$1)/6$%M%a%#?,44$88$%(3863&$% 8$%7-3-(/#:/7*-"%bYXX%h% 8$

')8)$3%+6,16>%4$36P01%/3440/$&% )()>%($%23)%4$&'$6% 8,%7)$;%f1%4$36%'e'$%($&6,)1$'$16

4$1/$&% 23$% 80&/23$% A$17$1)/6$% 4,&8$% -$% a%7-3-(/# :/7*-"%b% k$[4&$//)01% 23?)8% '$6% $1

)6,8)23$m>% )8% B,)6% &+B+&$1($% \% 8,% 106)01% @)0805)23$% -$% a%')8)$3%bYXY>% '016&,16% 23$

4&+()/+'$16%%8?90''$%1$%4$36%4,/%e6&$%&+-3)6%$1%31$%@)0805)$>%23$%($%23)%8$%(01/6)63$%$6

8$%B,)6%7)7&$%4,&P-$8\%/,%@)0805)$%(?$/6%8,%2/3'/%(>%$6%(?$/6%-?,)88$3&/%($%23?)8%+(&)6%C3/6$

$1/3)6$%M%a%#?,44$88$%(3863&$%8$%7-3-(/#:/7*-">%6036%($%23)>%4,&P-$8\%8?,((0'48)//$'$16

-$/% B01(6)01/% @)0805)23$/>% -011$% \% 8,% 7)$% $6% \% 8?,(6)7)6+% 93',)1$/% B0&'$>% /$1/% $6

(016$13%b;%K$%-+48,($'$16%106)011$8%-3%@)0805)23$%\%8?,169&040805)23$>%A$17$1)/6$%8$

B,)/,)6% -+C\% \%4&040/%-$% 8,%106)01%-$%a%1,63&$%b%-,1/% 8$%-+@36%-$%a%.$% 8,% /3@C$(6)7)6+

-,1/% 8$% 8,15,5$%b>% +(&)7,16% -,1/% 31% 4&$')$&% 6$'4/%k\% 4&040/% -3% 8,15,5$mM% a%G,&8$&

-?)1/6&3'$16>%(?$/6%'$66&$%$1%0440/)6)01%8?90''$%$6%8,%1,63&$;%S,%4)0(9$>%8,%B8:(9$>%8,

&03$%1$%/016%4,/%-,1/%8,%1,63&$;%K$%/016%-$/%B,@&)(,6)01/%b>%43)/%4,&8,16%)''+-),6$'$16

$1/3)6$%-$%8,%"*'/%(#,(#3A:&77(%M%a%S$%8,15,5$%$/6%-,1/%8,%1,63&$%-$%8?90''$%23)%1$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%]VX"%K,&%31$%7,8$3&%1?$[)/6$%23$%-,1/%8$%')8)$3%/0(),8>%23$%4,&%8,%(088$(6)7)6+

YX"%f1%4$1/$%\%A$17$1)/6$%23)%+(&)&,%$1%]^YV%-,1/%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%M%a%l03/1?,66$)5101/%C,',)/%8?90''$%&+-3)6%\%83)P'e'$%$6%/?)15+1),16%\%(01($70)&%8?$[)/6$1($%-$%8?,36&$;%K?$/631%90''$%4,&8,16%23$%103/%6&03701/%-,1/%8$%'01-$>%31%90''$%4,&8,16%\%31%,36&$%90''$>%$6%8$%8,15,5$$1/$)51$%8,%-+B)1)6)01%'e'$%-$%8?90''$;%b>%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%!Y^;YXX%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%bk]^`"m>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%]^``>%4;%"Z;YXY%S$%H-2'-&""*-%(#:-)'&%-4/(#,(#3*#3*"./(#=%*"E*-)(%-?D8,)1%L$H%)1-)23$%$1%$BB$6%M%a%K?$/6%$1%$BB$6%\%8,'e'$%+4023$%~WiJJ$%/):(8$Ä%23$%7-3-(/%(0''$1($%\%e6&$%$'480H+%-,1/%8$%8,15,5$%/()$16)B)23$%403&8?+8+'$16%49H/)23$%-,1/%8$23$8%31%(0&4/%$/6%48,(+%k]`"^>%.$/(,&6$/m>%$[48)()6+%$1%s($%23)%$/6%)16$&40/+$16&$%483/)$3&/%(0&4/%$6%6&,1/'$6%31$%,(6)01%49H/)23$%-$%8?31%\%8?,36&$t>%,(($46)01%(03&,16$%-,1/%8$8,15,5$%/()$16)B)23$%-3%WiJJJ$%/):(8$;%K$66$%106)01%/?$/6%-+7$8044+$%,3%WJW$%/):(8$>%\%8,%B0)/%-,1/%8$-0',)1$%-$%8,%I00805)$%k]VZ^>%7-3-(/N#*7O-*")m>%-$%8,%@)0805)$%k]V"]m%$6>%4$3%,4&:/>%-,1/%31$4$&/4$(6)7$%/0()0805)23$%k]VX!>%K0'6$m;%S,%'e'$%,11+$>%A,8I,(%$'480)$%8$%'06%-,1/%/01%F9*"'`K%&$&),(#3*#B&75,-(#:/7*-"(%403&%4,&8$&%-$%8?$1/$'@8$%-$/%(01-)6)01/%$[6+&)$3&$/%-,1/%8$/23$88$/%7)6%$6%/$-+7$8044$%31%)1-)7)-3;%.$%B,T01%483/%&$/6&)(6)7$>%8?+(&)7,)1%8?$'480)$%,3//)%,3%/$1/%-?%s$1603&,5$',6+&)$8%03%'0&,8%4&0(9$%-?31$%4$&/011$t%k]VX`m;%K$66$%,(($46)01%,%(0113%$1/3)6$%31%5&,1-%/3((:/;%b;kD8,)1%L$H%k-)&;m>%H-2'-&""*-%(#:-)'&%-4/(#,(#3*#3*"./(#=%*"E*-)(>%%.)(6)011,)&$/%S$%L0@$&6>%G,&)/>%]^^X>4;%]!X!

!Z]

8?,%4,/%B,@&)23+%bYX`;%a%.,1/%8,%1,63&$%b%$6%a%-,1/%8,%1,63&$%-$%8?90''$%b>%($%1?$/6%4,/

4,&$)8>%($%1?$/6%4,/%8,%'e'$%"*'/%(;%*+&,&-%.$//01/%&$',&23,)6%$1%$BB$6%\%($%4&040/%M%a

S,% 23$/6)011% 1?$/6% 4,/% )()% -$% 4$1/$&% 8$% 8,15,5$% \% 8?)16+&)$3&% -$% 8?0440/)6)01

49)80/049)23$%-$%8,%1,63&$%$6%-$%8,%(3863&$;%A$17$1)/6$%1?0440/$%4,/%8?)17$16)01%-$%8,

&03$>%49+10':1$%(3863&$8>%$6% 8,%4&,6)23$%-3%8,15,5$%23)%/$&,)6%31%49+10':1$%1,63&$8;

S$%8,15,5$%1?$/6%4,/%-,1/%8,%1,63&$>% )8%$/6%s-,1/% 8,%1,63&$%-$% 8?90''$t;%K$%23)%1?$/6

4,/% 8,% 'e'$% (90/$;% A$17$1)/6$% B,)6% /3@)&% \% 8,% 106)01% -$% "*'/%(% 31% (9,15$'$16

(016$[63$8>%23)%)'48)23$%/,%&+)16$&4&+6,6)01%$1%-$90&/%-3%(0348$%1,63&$P(3863&$>%-,1/%8$

/$1/% -?31$% /4+()B)()6+% ,169&040805)23$;% J8% H% ,% 31$% 1,63&$% -$% 8n90''$>% 23)% 4$36% e6&$

4$1/+$% -,1/% 31% &,440&6% -$% 1+($//)6+% -+B)1)60)&$% ,7$(% 8$% 8,15,5$;% S$% 8,15,5$% -+B)1)6

8?90''$%(0''$%8?90''$%8$%8,15,5$%bYX_;

S0&/23$%A$17$1)/6$%+(&)6%23$% 8$%40:6$%a%2%5(% 8,% &+,8)6+% )1-)7)-3$88$>% )1/6,16,1+$

-016% )8% 4,&8$%b>% 103/% 70H01/% 23$% 8?31% -$/% $1C$3[% -$% /,% &+B8$[)01/% $/6% 31$% 4$1/+$% -3

408)6)23$>% 31% 4&0C$6;% K$66$% &+,8)6+% 230)23?+6,16% )1-)7)-3$88$% $6% )1/6,16,1+$>% $/6% ,3//)

6&,1/)1-)7)-3$88$>%)16$&/3@C$(6)7,16$;%A$17$1)/6$%8?+(&)6%,)88$3&/%M%a%K$83)%23)%&+4:6$%($/

7$&/%,((:-$%\%($6%31)7$&/%/$(01-%bYXV;%f3%,80&/>%a%S$%40:6$%103/%,44&$1-% 8,%95%-'5% $6

103/%&+7:8$%-+70)8$%8,%7+&)6+%%5*3-'5;%S,%7+&)6+%/3&%83)%$6%-$%6$88$%',1):&$%23?$88$%103/

,44,&,)//$%8,%7+&)6+%/3&%103/%h%8,%&+,8)6+%',/23+$%4,&%8,%(017$16)01%03%8?9,@)63-$%$6%23)

@&)88$% (0''$%\% 8,% (&+,6)01%bYX^;%S$% 8,15,5$%40+6)23$% &+)17$16$% 8$% (0''31% ka%23?$88$

103/% ,44,&,)//$% 8,% 7+&)6+% /3&% "&/)%b% k01% /038)51$m>% )8% 2%5(% 8,% &+,8)6+% k)1-)7)-3$88$% $6

6&,1/)1-)7)-3$88$m>% 31$% &+,8)6+% /3@C$(6)7,16$% $6% )16$&/3@C$(6)7,16$;% K$% 8,15,5$% $/6% 31

8,15,5$%$&5'-4/(>%,3%/$1/%,&)/606+8)()$1%-?31$%40+6)23$>%)8%(&+$%8,%&+,8)6+%-016%)8%4,&8$;

f1% 70)6% @)$1% 23$% 8$% 6&,7,)8% -$% A$17$1)/6$% /$% -+',&23$% -?31% /$1/3,8)/'$% 03% -?31$

$/69+6)23$%4,&($%23$%(?$/6%31$%69+0&)$%-3%8,15,5$%$6%23?$88$%,%603/%8$/%$1C$3[;

S?)16$&/3@C$(6)7)6+% -,1/% 8$% 3*".*.(# $&5'-4/(% 1?$/6% 4,/% -)BB+&$16$% -$

8?)16$&/3@C$(6)7)6+% -,1/% 8$% 3*".*.(;%K$% 23$% -)6%A$17$1)/6$% -3% 3*".*.(# $&5'-4/(>% )8% 8$

-)/,)6%-+C\%-3%3*".*.(%-,1/%/$/%6&,7,3[%43@8)+/;%K?$/6%23$%8$%3*".*.(%-$%A$17$1)/6$%,

603C03&/% +6+% 8$% 3*".*.(#$&5'-4/(;% J8% H% ,% C3/6$%4$36Pe6&$%31$%-)BB+&$1($%-$%-$5&+% $16&$

A,3-$8,)&$% $6% 8?0&-)1,)&$%-3% 8,15,5$;%A$17$1)/6$%-)6% @)$1%23$%a%-)&$%@01C03&% 603/% 8$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YX`%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!Y^;YX_%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`>%4;%^VP^^;YXV%8FGH1<FID1>%!!>%Br^%o%Br!`];YX^%8FGH1<FID1>%V>%Br_%o%Br]_;

Marcelo

!Z!

C03&/%-$%/,%7)$%\%23$823?31>%(?$/6%(9,23$%B0)/%31$%&+)17$16)01%bYYZ>%8$%4&)1()4$%&$/6$%8$

'e'$;%f1%&$4$1/$%\%($%23$%*+&,&-%.$//01/%$6%<$1&)%=$/(9011)(%+(&)7,)$16%-3%)/@('

,/# $&;7(% -,1/% 8$% R%*-'5# ,/# DQ':7(% $1% 4,&8,16% -$% a%/3@C$(6)7,6)01% 5+1+&,8$>% $6

',[)',8$>%-3%-)/(03&/%b>%1$%B,)/,16%4,/%-3%40:'$%$6%-3%8,15,5$%-$%603/%8$/%C03&/%-$/

31)7$&/%/+4,&+/%M

J8% H% ,% 31$% 40+6)23$% -3% &H69'$% 23,1-% 8?0&5,1)/,6)01% -3%'037$'$16% -$% 8,% 4,&08$% -,1/8?+(&)63&$%$/6%8$%B,)6%-?31%/3C$6%/4+()B)23$>%23?01%,44$88$&,%8$%/3C$6%-3%40:'$;%K$%/3C$6%B,)623$%8?0&5,1)/,6)01%-3%8,15,5$%$/6%31$%/3@C$(6)7,6)01%5+1+&,8$>%$6%',[)',8$>%-3%-)/(03&/>6$88$%23$%8$%-)/(03&/%$/6%6&,1/B0&'+%4,&%8$%/3C$6%$6%23$%8$%/3C$6%,-7)$16%/$38$'$16%4,&%($66$6&,1/B0&',6)01%'e'$;%YY]

G03&% ,36,16% 23?01% -+B)1)//$% 8,% 40+6)23$% 90&/% -?31$% -)'$1/)01% 5+1+&)23$% k8,

40+/)$m>% ',)/% (0''$% 8?)17$16)01% -,1/% 8$% 8,15,5$% -?31$% &+,8)6+% )(2&",(>% ($% 23$

A$17$1)/6$%+(&)6%-3%8,15,5$>%-,1/%/$/%6&,7,3[%43@8)+/>%(01/6)63$%-+C\%31$%40+6)23$;%F6

($66$% 40+6)23$% $/6% )1/+4,&,@8$'$16% 31$% +69)23$% $6% 31$% 408)6)23$;% A$17$1)/6$% 103/

8?$1/$)51$% -+C\>% 80&/23?)8% +(&)6% 23$% 8$% 8,15,5$% 1?$/6% 4,/% 31% )1/6&3'$16% -$

(0''31)(,6)01%',)/%8,%a%1,63&$%'e'$%-$%8?90''$%bYY!>%,C036,16%M%a%103/%1?,66$)5101/

C,',)/% 8?90''$% &+-3)6% \% 83)P'e'$% $6% /?)15+1),16% \% (01($70)&% 8?$[)/6$1($% -$% 8?,36&$;

K?$/6% 31% 90''$% 4,&8,16% 23$% 103/% 6&03701/% -,1/% 8$%'01-$>% 31% 90''$% 4,&8,16% \% 31

,36&$%90''$>%$6%8$%8,15,5$%$1/$)51$%8,%-+B)1)6)01%'e'$%-$%8?90''$%bYY";%J8%1?H%,%4,/

-$%8,15,5$%/,1/%/0()+6+>%4,/%-$%/0()+6+%/,1/%8,15,5$>%-,1/%8$%/$1/%0g%8$%8,15,5$%4&0-3)6

8,% /0()+6+% ka%)''+-),6$'$16>% 8,% /0()+6+% $/6% -011+$% ,7$(% 8$% 8,15,5$% ~�Ä

)''+-),6$'$16>% 8$% 8,15,5$% $/6% -011+% ,7$(% 8,% /0()+6+%bYYX;% K0''$% 8?+(&)6% *+&,&-

.$//01/%a%8$%8,15,5$%1?$/6%-01(%4,/%31%4&0-3)6%*#$&)'(%-&%-%-$%8?+6,6%-$%/0()+6+>%',)/

/01%4&)1()4$%'e'$%bYYY>%($%23)%$/6%8,%5&,1-$%8$T01%-$%a%Q+')0805)$%-$%8,%8,153$%b%M%a%8,

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YYZ%F')8$%A$17$1)/6$>%a%Q6&3(63&,8)/'$%$6%8)153)/6)23$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+P>%4;%]^;YY]%*+&,&-%.$//01/%$6%<$1&)%=$/(9011)(>%R%*-'5#,/#%Q':7(+#H()#9(%)#('#,()#$%&)()>%.310->%G,&)/>%]^^V>4;%X";YY!%D%4&040/%-$%($66$%$[4&$//)01%*+&,&-%.$//01/%&$',&23$%a%S$%8,15,5$%1?$/6%4,/%-,1/%8,%1,63&$>%)8%$/6s-,1/%8,%1,63&$%-$%8?90''$t;%K$%23)%1?$/6%4,/%8,%'e'$%(90/$;%A$17$1)/6$%B,)6%/3@)&%\%8,%106)01%-$%"*'/%(31%(9,15$'$16%(016$[63$8>%23)%)'48)23$%/,%&+)16$&4&+6,6)01%$1%-$90&/%-3%(0348$%1,63&$P(3863&$>%-,1/%8$/$1/%-?31$%/4+()B)()6+%,169&040805)23$;%J8%H%,%31$%1,63&$%-$%8?90''$>%23)%4$36%e6&$%4$1/+$%-,1/%31&,440&6%-$%1+($//)6+%-+B)1)60)&$%,7$(%8$%8,15,5$;%S$%8,15,5$%-+B)1)6%8?90''$%(0''$%8?90''$%8$8,15,5$%b;%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%G,&)/>%J1%G&$//>%!ZZ`>%4;%^^;YY"%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;!Y^;YYX%F')8$%A$17$1)/6$>%a%Q6&3(63&$%-$%8,%8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b%k]^`Vm>%-"#K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+#P>%4;%^];YYY%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%G,&)/>%J1%G&$//>%!ZZ`>%4;%X^;

Marcelo
Marcelo
Marcelo

!Z"

8,153$% /$&,% -01(% 8?)16$&4&+6,16% -$% 8,% /0()+6+%bYY`>% 4&040/)6)01% 23)% 103/% &,44$88$&,

+5,8$'$16%($66$%49&,/$%(9$I%R&,1I%A0,/>%6&:/%4&0(9$YY_M

I'# ^&/3,# )((7# ':*'# ':(# ())("'-*3# ,-==(%("2(# O('^(("# 3-"./-)'-2# $:("&7("*# *",# &':(%(':"&3&.-2*3# $:("&7("*# -)+# ':*'# ':(# 3-"./-)'-2# 23*))-=-2*'-&")# "(9(%# %-)(# -"'&2&")2-&/)"())+#^:-3(#-"#&':(%#(':"&3&.-2*3#$:("&7("*+#*3':&/.:#':(#)*7(#/"2&")2-&/)&%-.-"# $%(9*-3)+# ':()(# &='("# %-)(# -"'&# 2&")2-&/)"())+# *",# ':/)# .-9(# %-)(# '&# )(2&",*%Q%(*)&"-".#*",#'&#%(`-"'(%$%('*'-&")#YYV~#$% 6&,-3)/% MÄ% J8% ,44,&,{6&,)6% 23$% 8,% -)BB+&$1($% $//$16)$88$% $16&$% 8$/% 49+10':1$/8)153)/6)23$/% $6% 8$/% ,36&$/% 49+10':1$/% $6910805)23$/% $/6>% 23$% 8$/% (8,//)B)(,6)01/8)153)/6)23$/% 1$% /?+8:7$16% 4,/% \% 8,% (01/()$1($>% ,80&/% 23$% -,1/% 8$/% ,36&$/% 49+10':1$/$6910805)23$/>%@)$1%23$%8,%'e'$%0&)5)1$%)1(01/()$16$%4&+7,8$>%($3[P()%/?+8:7$16%/037$16\% 8,% (01/()$1($>% $6% ,)1/)% B016% /?+8$7$&% -$/% &,)/011$'$16/% /$(01-,)&$/% $6% -$/% &+P)16$&4&+6,6)01/;

K$/% &,)/011$'$16/% $6% &+P)16$&4&+6,6)01/% /016% @)$1% +7)-$''$16% -$% 8?0&-&$% -3

-)/(03&/>% )8/% -+48,($16% 31% 7)7&$>% 8$% a%49+10':1$% $6910805)23$%b;% J8/% /016

a%/$(01-,)&$/%b%4,&($%23?)8/%-+48,($16>%$6%01%4$36%4$1/$&%23?)8%1?$[)/6$%\%,3(31%'0'$16

(9$I% A0,/% 31$% )16$&4&+6,6)01% $6% 31% &,)/011$'$16% a%4&)',)&$/%b;% .:/% 23$% 8?01% -)6

a%)16$&4&+6,6)01%b>%01%$/6%-+C\%,)88$3&/%h%$6%80&/23$%8?01%-)6%a%&$P)16$&4&+6,6)01%b>%01%/,)6

23?)8%$/6%23$/6)01%-$%-),8053$;%D7$(%A0,/%01%&$4$1/$%\%Q,3//3&$>%/01%(016$'40&,)1YY^>

0g% 8?0&)5)1$%-3% 8,15,5$%$/6% -,1/% /01% B01(6)011$'$16%h% (?$/6P\P-)&$%23?)8% 1?H% ,% C,',)/

,36&$% (90/$% 23$% -3% B01(6)011$'$16;% S$% )(2&",*-%(% -$% A0,/% 103/% &,44$88$

)''+-),6$'$16%$1(0&$%8?31)7$&/%)(2&",%-016%4,&8$%A$17$1)/6$>%($83)%23$%(&+$%8$%40:6$

$6% 23)% -$7)$16% 8,% &+,8)6+% -$% ($83)% 23)% %5$;'(Y`Z% ($/% 7$&/%M% a%K$83)% 23)% &+4:6$% ($/% 7$&/

,((:-$%\%($6%31)7$&/%/$(01-%bY`];%A$17$1)/6$%-+(&)6%)()>%01%8?,%-)6%483/%9,36>%($%23$%B,)6

31%8,15,5$%40+6)23$%M%8?)17$16)01%-3%(088$(6)B>%-$%8,%7,8$3&>%-$%8,%&+,8)6+;%J8%&$1-%(0'46$

-,1/% /01% a%',[)'3'%b% -?31% B01(6)011$'$16% 0&-)1,)&$% -3% 8,15,5$>% B01(6)011$'$16

0&-)1,)&$%$6%40+6)23$%23?)8%-+(&)7,)6%-+C\%4,&%$[$'48$%$1%]^`Y%$1%+(&)7,16%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YY`%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;YX;YY_%KB;%4;%_V;YYV%R&,1I%A0,/>%I"'%&,/2'-&"#'&#<,1-@00d%0B%D'$&)(,1%J1-),1%S,153,5$/>%U1)7$&/)6H%0B%l$@&,/d,%G&$//>S)1(081%$1-%S01-01>%]^``%4;%`";%S$%6$[6$%4,&,{6%\%8?0&)5)1$%$1%]^]]%-,1/%8$%8/33('-">%UW>%-3%A3&$,3%0BD'$&)(,1%F6910805H;YY^%R;%-$%Q,3//3&$%k]VY_P]^]"m>%R;%A0,/%k]VYVP]^X!m;Y`Z%S,%%5$5'-'-&"%)()%1?$/6%4,/%31$%)6+&,6)01>%(?$/6%31%)1(90,6)B%(0''$%-,1/%6$88$%,36&$%49&,/$%-,1/%a%K034-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b%k)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;!^m%M%a%70H01/($%23$%-$7)$16%8,%'e'$%9)/60)&$%23,1-%$88$%/$%&+,8)/$%-,1/%8$%&+()6>%/3)6$%-$%4$6)6/%@&3)6/%70(,3[>%23)/?+7,103)//$16%/)6w6%+')/>%/)6w6%4$&T3/>%',)/%6036$%8?|'$%/?$1%$[,86$>%$6%8$/%5+1+&,6)01%8$/%&+4:6$16>%$6(9,23$%B0)/%23$%8,%4,&08$%-+480)$%8?+7+1$'$16>%(9,23$%B0)/%8$%'01-$%&$(0''$1($%bY`]%8FGH1<FID1>%!!>%Br^%o%Br!`];

!ZX

S$%8,15,5$%%(`$%&,/-'%8,%&+,8)6+;%K$8,%$/6%\%$16$1-&$%-$%8,%',1):&$%8,%483/%8)66+&,8$%M%8,&+,8)6+%$/6%4&0-3)6$%\%1037$,3%4,&%8$%6&3(9$'$16%-3%8,15,5$;%K$83)%23)%4,&8$%B,)6%&$1,{6&$4,&%/01%-)/(03&/%8?+7+1$'$16%$6%/01%$[4+&)$1($%-$%8?+7+1$'$16;%K$83)%23)%8?$16$1-%/,)/)6-?,@0&-%8$%-)/(03&/%$6%\%6&,7$&/%($%-)/(03&/>%8?+7+1$'$16%&$4&0-3)6;Y`!

A$17$1)/6$%-+(&)6% )()% 8,% -)'$1/)01% )1-)7)-3$88$% $6% 6&,1/)1-)7)-3$88$% -3% 8,15,5$>

23)% $/6% /01% B01(6)011$'$16% 0&-)1,)&$;% a%O&,1/)1-)7)-3$8%b>% (?$/6% 8$% 6$&'$% -$% #,(23$/

S,(,1%-,1/%a#R01(6)01%$6%(9,'4#-$%8,%4,&08$%$6%-3#8,15,5$#$1%4/H(9,1,8H/$#b+%,&6)(8$

4,&3%-,1/%8$%4&$')$&%13'+&0%-$%8,%&$73$%<*#$)Q2:*"*3Q)(>%)16)638+%>/%#3*#$*%&3(#('#3(

3*".*.(>%$6%,323$8%S,(,1%,7,)6%(017)+%A$17$1)/6$;%.,1/%/01%,&6)(8$%ka%L$',&23$/%/3&

8,% B01(6)01% -3% 8,15,5$% -,1/% 8,% -+(037$&6$% B&$3-)$11$%bm>%A$17$1)/6$% ()6$% 8$% 6$[6$% -$

S,(,1%$6%(?$/6%8\%23$%103/%6&03701/%8$%6$&'$%-$%a%6&,1/)1-)7)-3$8%b%M%a%.,1/%/01%@&)88,16

'+'0)&$% /3&% 8,% B01(6)01% $6% 8$% (9,'4%-$% 8,% 4,&08$% $6% -3% 8,15,5$% $1% 4/H(9,1,8H/$>% 8$

-0(6$3&% S,(,1% -)6% -$% 8,% '+690-$% ,1,8H6)23$% k4;]Z"m%M% ÅQ$/% '0H$1/% /016% ($3[% -$% 8,

4,&08$% $1% 6,16% 23?$88$% (01B:&$% ,3[% B01(6)01/% -$% 8?)1-)7)-3% 31% /$1/%h% /01% -0',)1$% $/6

($83)%-3%-)/(03&/%(01(&$6%$1%6,16%23$%&+,8)6+%6&,1/)1-)7)-3$88$%-3%/3C$6%h%/$/%04+&,6)01/

/016% ($88$/% -$% 8?9)/60)&$% $1% 6,16% 23?$88$% (01/6)63$% 8?+'$&5$1($% -$% 8,% 7+&)6+% -,1/% 8$

&+$8;Å%b% Y`";% K$% a%-)/(03&/% (01(&$6% $1% 6,16% 23$% &+,8)6+% 6&,1/)1-)7)-3$88$% -3% /3C$6%b>

80&/23$% A$17$1)/6$% ()6$% S,(,1>% &+/011$% ,7$(% /,% 4&04&$% 69+0&)$% -3% 8,15,5$>% 0g% 8$

8,15,5$%$/6%8,%40//)@)8)6+%-3%-),8053$;%U1%40:'$%$/6%-+C\%/01%+(036$;

S$% (01($46% -$% A$17$1)/6$% $/6% 8?-"'(%)/O@(2'-9-'5>% 4,&($% 23$% 8,% &+,8)6+% 23?)8

6&,7,)88$%\%4$1/$&%$/6%8$%)/@('%$6%101%8?-",-9-,/>%8,%-)BB+&$1($%+6,16%23$%8$%/3C$6%$/6%/3C$6

-$%8,15,5$%/$%(01/6)63,16%-,1/%8$%8,15,5$%ka%(?$/6%-,1/%$6%4,&%8$%8,15,5$%23$%8?90''$

/$% (01/6)63$% (0''$% )/@('%bY`Xm% 80&/23$% 8?)1-)7)-3>% 49)80/049)23$>% 4/H(90805)23$% 03

/0()0805)23$>% 1?$/6% 4,/>% -$% ',1):&$% (01/6)636)7$>% 8)153)/6)23$;% A$17$1)/6$% B,)6% 8$

4,//,5$% -?31$% (01($46)01% \% 8?,36&$Y`Y;% Q)% -01(% A$17$1)/6$% -)6% 8$% 483/% /037$16

a%)16$&/3@C$(6)B%b>% )8% -)6% ,3//)>% ',)/% 31$% /$38$% B0)/>% )/$%*-",-9-,/(33(%M% 8,% 8,153$% $/6%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y`!%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;!Y;Y`"%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%__;Y`X%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!Y^;Y`Y%a%D)1/)%60'@$16%8$/%7)$)88$/%,16)10')$/%-3%Å'0)Å%$6%-$%8?Å,36&$Å>%-$%8?)1-)7)-3%$6%-$%8,%/0()+6+;%.3,8)6+23?)8%$/6%)88+5)6)'$%$6%$&&01+%-$%&+-3)&$%\%31%/$38%6$&'$%0&)5)1$8>%23$%($%6$&'$%31)23$%/0)6%8$%Å'0)Å>%23)-$7&,)6%e6&$%)1/6,88+%-,1/%/,%4&04&$%(01/()$1($%403&%/?037&)&%,80&/%\%($88$%-3%Å4&0(9,)1Å>%03%23?)8%/0)6%,3(016&,)&$%8,%/0()+6+>%23)%4&+$[)/6$&,)6%(0''$%606,8)6+%\%8?)1-)7)-3%$6%-?0g%($83)P()%1$%/$&,)6%-+5,5+%23?\'$/3&$%23?)8%,(23+&,)6%8,%(01/()$1($%-$%/0);%K?$/6%-,1/%31$%&+,8)6+%-),8$(6)23$%$1580@,16%8$/%-$3[%6$&'$/$6%8$/%-+B)1)//,16%4,&%&$8,6)01%'363$88$%23?01%-+(037&$%8$%B01-$'$16%8)153)/6)23$%-$%8,%/3@C$(6)7)6+;%bkF')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>4;%!`Z;m

Marcelo
Marcelo
Marcelo
Marcelo

!ZY

a%8?+',1,6)01% )&&+-3(6)@8$%-3% /0)% 8$%483/%4&0B01-%-,1/%(9,23$% )1-)7)-3>% $/6% $1%'e'$

6$'4/% 31$% &+,8)6+% /34&,)1-)7)-3$88$% $6% (0$[6$1/)7$% \% 8,% (088$(6)7)6+% 6036% $16):&$%bY``;

K$66$%/34&,)1-)7)-3,8)6+%1?$/6%4,/%31%(,-&$%+6,@8)>%31$%/6&3(63&$%&$T3$;%A$17$1)/6$%103/

,%,44&)/%23?31$%8,153$%$/6%,&""5(>%',)/%,7,16%6036%*$$%-)(#M%a%S,153$%$6%/0()+6+%1$%/$

(01T0)7$16% 4,/% 8?31$% /,1/% 8?,36&$;%S?31$%$6% 8?,36&$% /016% -011+$/;%=,)/% ,3//)% 8?31$% $6

8?,36&$%/016%,44&)/$/%4,&%8?e6&$%93',)1>%23)%1?$1%40//:-$%4,/%8,%(011,)//,1($%)11+$%b#Y`_

k($% 23)% (9,15$% 8$% a%-011+%b% $1% 31% ,&"%h% 8$% -011+% /6,6)23$>% 8?)11+>% $1% 31$% ,(6)7)6+

4$&/011$88$% $6% 6&,1/4$&/011$88$% -$% -01>% 31% $1/$)51$'$16m;% S,% 8,153$% $/6

/34&,)1-)7)-3$88$%4,&($%23$%a%8$%483/%$%&=&",%Y`Vb% k01%/038)51$m>% 8$%483/% )1-)7)-3$8%$6

)1/6,16,1+>%4$36%-$7$1)&%4,&6,5$,@8$>%4$36%-$7$1)&%9(2'(/%CJa;%A$17$1)/6$%'$6%,3%C03&%8$

4&)1()4$% -$% ($66$% /34&,)1-)7)-3,8)6+>% 23)% /?,44$88$% -01(% -,7,16,5$% (9$I% 83)

8?)16$&/3@C$(6)7)6+>%\%4,&6)&%-$%8,%-$/(&)46)01%-$%8,%&+7$&/)@)8)6+%-$/%4$&/011$/%@(P'/%É%23)

1?$/6% 4,/% 8,%-$/(&)46)01%-?31%,44,&$)8% B0&'$8%',)/% -?31% B01(6)011$'$16% -$% 8,% 8,153$

$16):&$>%$6%-3%8,15,5$%M

~�Ä%.:/%23$%8$%4&010'%@(%,44,&,{6%-,1/%31%+101(+%0g%)8%+7023$%u%$[48)()6$'$16%03%101u%8$%4&010'%'/%403&%/?0440/$&%$1/$'@8$%\%-3>%31$%$[4+&)$1($%93',)1$%/?)1/6,3&$%\%1$3B$6%-+70)8$%8?)1/6&3'$16%8)153)/6)23$%23)%8,%B01-$;%f1%'$/3&$%4,&%8\%8,%-)/6,1($%\%8,%B0)/)1B)'$% $6% )''$1/$% $16&$% 8,% -011+$% $6% /,% B01(6)01;% K$/% 4&010'/% /016% 8\>% (01/)51+/% $6$1/$)51+/% -,1/% 8$/% 5&,'',)&$/>% 0BB$&6/% (0''$% 8$/% ,36&$/% /)51$/% $6% +5,8$'$16-)/401)@8$/;% z3$% 8?31% -$/% 90''$/% 8$/% 4&0101($>% )8% 8$/% ,//3'$>% $6% 8$% 4&010'% @(>-?+8+'$16%-?31%4,&,-)5'$>% $/6% 6&,1/'3+%$1%31$%-+/)51,6)01%31)23$% $6% 4&0-3)6>% (9,23$B0)/>%31$%4$&/011$%1037$88$;%K?$/6% 8?,(63,8)/,6)01%-?31$%$[4+&)$1($%$//$16)$88$>%-016%011$%(01T0)6%4,/%23$%8?)1/6&3'$16%43)//$%C,',)/%',123$&%\%31$%8,153$;Y_Z

A$17$1)/6$% B,)6% 8,% (&)6)23$% -?31$% 8)153)/6)23$% 23)% &+-3)&,)6% /,% 73$% \

8?$1&$5)/6&$'$16%-$%-011+$/%$6%1?)16$&&05$&,)6%4,/%31%B01(6)011$'$16%-$% 8,% 8,153$Y_];

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y``%F')8$%A$17$1)/6$>%a%Q6&3(63&$%-$%8,%8,153$%$6%/6&3(63&$%-$%8,%/0()+6+%b%k]^`Vm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+#P>%4;%^^;Y`_%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b%k]^`"m>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%!^;Y`V%f1%106$%@)$1%/c&%($66$%a%4&0B01-$3&%b>%23?)8%&$4&$1-&,%-,1/%/,%40+6)23$>%$6%23?01%106,)6%-+C\%483/%9,36-,1/%/01%&,440&6%\%8,%-+',&(9$%-$%#$,1PG)$&&$%L)(9,&->%\%K&5)-(#('#$%&=&",(/%>%\%a%G&0B01-$3&%-$A,3-$8,)&$%b;Y`^%S$%6$&'$%$/6%($83)%-$%A$17$1)/6$%-,1/%8$/%',13/(&)6/%-$%40+6)23$>%C$%8?,1,8H/$%483/%80)1>%4;%!__;Y_Z%F')8$%A$17$1)/6$>%a%S$%8,15,5$%$6%8?$[4+&)$1($%93',)1$%b%k]^`Ym>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%`V;Y_]%S,%-)/6)1(6)01%$16&$%8,%,&""5(%$6%/,%=&"2'-&">%$16&$%-$3[%8)153)/6)23$/>%B,)6%8?037$&63&$%-$%8?,&6)(8$ka%S$%8,15,5$%$6%8?$[4+&)$1($%93',)1$%bm%M%a%S$/%B0&'$/%23$%&$7e6$16%($/%(,6+50&)$/%/016%$1&$5)/6&+$/%$6)17$160&)+$/%-,1/%8$/%-$/(&)46)01/>%',)/%8$3&/%B01(6)01/%1?,44,&,)//$16%(8,)&$'$16%23$%/)%01%8$/%+63-)$-,1/%8?$[$&()($%-3%8,15,5$%$6%-,1/%8,%4&0-3(6)01%-3%-)/(03&/;%b%kK<m+P>%4;%`Vm;%.,1/%a%S?,44,&$)8%B0&'$8-$%8?+101(),6)01%b>%A$17$1)/6$%40/$&,%31$%-)/6)1(6)01%$16&$%-$3[%',1):&$/%-$%4$1/$&%8$%B01(6)011$'$16-$%8,%8,153$%k70)&%K<m+#P>%4;%_^m>%a%8?$'480)%-$/%B0&'$/%b%-?31$%4,&6%k5&,'',)&$%4&$/(&)46)7$m%$6a%$'480)%-$%8,%8,153$%b%k5&,'',)&$%-$%8?+101(),6)01m%M%a%8?+101(),6)01%$/6%($66$%')/$%$1%B01(6)011$'$16

Marcelo
Marcelo
Marcelo
« Coup d�’�œil sur le developpement de la linguistique » (1963)

!Z`

U1$%8)153)/6)23$%23)%B)1,8$'$16%4&$1-&,)6%8,%8,153$%403&%31%&+/$&70)&%-$%106)01/%4&e6$/

\%e6&$%36)8)/+$/%/$801%8$/%/)63,6)01/;%f1%4$36%/3440/$&%23$%8,%8,153$%&+-3)6$%\%-$%6$88$/

-011+$/%1$%4$36%e6&$%$17)/,5+$%23$%(0''$%8$%/3@/6)636%-?31$%1,63&$%É%10'$1(8,63&$%$6

(017$16)01% É% 23$% ($66$% ,44&0(9$% 1$% 403&&,% e6&$% 23$% &+,8)/6$;% F88$% 1$% (011,{6% 4,/% 8$

-)/(03&/>%23)%$/6%8$%B01(6)011$'$16%-$%8,%8,153$;%A$17$1)/6$%(0''$1($%8,%-+(037$&6$

-?31$%8)153)/6)23$%-3%-)/(03&/%$1%'016&,16%23$%-$/%B0&'$/%(0''$%a%C$%a%%$6%a%63%b%1$

/016% 4,/% -$/% -011+$/% 8$[)(,8$/>% ',)/% &$170)$16% \% 8?,(6$% -$% -)/(03&/% 0g% )8/% /016

4&0101(+/;% A$17$1)/6$% +(&)7,)6% 23$823$/% ,11+$/% ,34,&,7,16>% $1% ]^YV>% -,1/% a%.$% 8,

/3@C$(6)7)6+%-,1/%8$%8,15,5$%b>%a#-3)#"(#%("9&-("'#"-#g#/"#2&"2($'#"-#g#/"#-",-9-,/%bY_!�

a%D% 230)% @(% /$% &+B:&$P)8%p% D% 23$823$% (90/$% -$% 6&:/% /)1538)$&>% 23)% $/6% $[(83/)7$'$16

8)153)/6)23$%M% @(% /$% &+B:&$% \% 8?,(6$% -$% -)/(03&/% )1-)7)-3$8% 0g% )8% $/6% 4&0101(+>% $6% )8% $1

-+/)51$% 8$% 80(36$3&;% K?$/6% 31% 6$&'$% 23)% 1$% 4$36% e6&$% )-$16)B)+% 23$% -,1/% ($% 23$% 103/

,701/%,44$8+%,)88$3&/%31$%)1/6,1($%-$%-)/(03&/>%$6%23)%1?,%-$%&+B+&$1($%23?,(63$88$;%S,

&+,8)6+%\%8,23$88$%)8%&$170)$%$/6%8,%&+,8)6+%-3%-)/(03&/%bY_";%K$%23?)8%/?,5)6%-$%70)&>%(?$/6

23$%($66$%-+(037$&6$P8\>%\%4&040/%-$/%4$&/011$/%-$%8?)16$&80(36)01>%-$7)$16%8$%40)16%-$

-+4,&6% -?31$% &$')/$% $1% 23$/6)01% -$% 6036$% 8,% 8)153)/6)23$% 6&,-)6)011$88$;% K0''$

A$17$1)/6$% 8?+(&)6% $1% ]^`^% -,1/% a%S?,44,&$)8% B0&'$8% -$% 8?+101(),6)01%b% \% 4&040/% -$

8?(7$3&-# ,(# 3*# 3*"./(>% (?$/6P\P-)&$% -$% 8?5"&"2-*'-&"#M% a%J8% /?,5)6% )()% -?31% '+(,1)/'$

606,8% $6% (01/6,16% 23)>% -?31$% ',1):&$% 03% -?31$% ,36&$>% ,BB$(6$% 8,% 8,153$% $16):&$;% S,

-)BB)(386+%$/6%-$%/,)/)&%($%5&,1-%49+10':1$>%/)%@,1,8%23?)8%/$'@8$%/$%(01B01-&$%,7$(%8,

8,153$% 'e'$>% /)% 1+($//,)&$% 23?)8% +(9,44$% \% 8,% 73$%bY_X;% Q)% \% (9,23$% B0)/% 23?31$

4$&/011$%4,&8$%31$%$[4+&)$1($%1037$88$% /?)17$16$>%,80&/%(?$/6% 8,% 8,153$%$16):&$%23?01

-0)6%&+$[,')1$&%M%)8%-$7)$16%-)BB)()8$%4,&%$[$'48$%-$%4$1/$&%-$/%6$&'$/%-$%8$[)23$%23)

&$17$&&,)$16% \% -$/% (01($46/% (0''31/% \% 603/% 8$/% 80(36$3&/;% S$% &+$[,'$1% -$% a%C$%b% $6

a%63%b% ,% 31% /6,636% -?$[$'48$>% -$% 4&$')$&% $[$'48$% \% 4,&6)&% -323$8% 01% &+$[,')1$&,% 8$

8,15,5$%$16)$&;%%S0&/23$%A$17$1)/6$%+(&)6%a%J8%1?H%,%4,/%31%(01($46%ÅC$Å%$1580@,16%603/

8$/%@(%23)%/?+101($16%\%6036%)1/6,16%-,1/%8$/%@03(9$/%-$%603/%8$/%80(36$3&/>%,3%/$1/%0g%)8

H%,%31%(01($46%Å,&@&$Å%,323$8%/$% &,':1$16% 603/% 8$/%$'480)/% )1-)7)-3$8/%-$%*%O%(;%S$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%-$%8,%8,153$%4,&%31%,(6$%)1-)7)-3$8%-?36)8)/,6)01%b%ka%S?,44,&$)8%B0&'$8%-$%8?+101(),6)01%b%k]^_Z>%',)/+(&)6%$1%]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%VZmY_!%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!`];Y_"%I,(70>%4;%!`]P!`!;Y_X%F')8$%A$17$1)/6$>%a%S?,44,&$)8%B0&'$8%-$%8?+101(),6)01%b%k]^_Zm>%-"#K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;VZ;

Marcelo
Marcelo
Marcelo

!Z_

ÅC$Å%1$%-+10''$%-01(%,3(31$%$16)6+%8$[)(,8$%bY_Y%É%01%8)6%8?+6,6%-?31%4&0@8:'$%$6%/01

-+4,//$'$16% -+C\;% G$36P01% $1(0&$% -)&$% 23?)8% H% ,% 31% (01($46% a%,&@&$%b% ,323$8% /$

&,':1$&,)$16% 603/% 8$/% $'480)/% )1-)7)-3$8/% -$% *%O%(%p% .,1/% 8$/% ',13/(&)6/% -$% /,

40+6)23$>%01%/,)6%-$%23$88$%',1):&$%A$17$1)/6$%&+401-%\%($%4&0@8:'$>%%)8%H%&+401-%4,&

8?0440/)6)01%$16&$%-$3[%,44&0(9$/%-3%8,15,5$%M%a%S$%/)51$%8)153)/6)23$%$/6%(01($463$8%h

8?%a%)(01$%b%40+6)23$%$/6%(9,23$%B0)/%31)23$%bY_`;

S?+101(),6)01% ,3% /$1/% -$% A$17$1)/6$% 1?$/6% 4,/% 8$% ',&23,5$% 4,&% ($&6,)1$/

a%6&,($/%b%03%a%)1-)($/%b%-$%/3@C$(6)7)6+%ka%/3@C$(6)7:'$/%bY__m%-$%8,%4&+/$1($%-3%/3C$6%\

/01%-)/(03&/%É%($%23$%8$/%',13$8/%-$%1,&&,60805)$%03%-$%8)153)/6)23$%(017$&/,6)011$88$

$1/$)51$16% -$% /,% &$(9$&(9$%M% 8,% 6&,1/B0&',6)01% -?31$% ,169&040805)$% 9)/60&)23$% -3

8,15,5$%$6%-?31$%40+6)23$%$1%31$%@0{6$%\%036)8%-$%8?,1,8H/$%-3%-)/(03&/;%S,%)/O@(2'-9-'5

(9$I% A$17$1)/6$% 1?$/6% 483/% &+-3(6)@8$% \% 23$823$/%',&23$/% B0&'$88$/%h% $88$% /$% -+B)1)6

(0''$%8$%4&0(:/%$16)$&%-3%8,15,5$;%f1%4,//$%,80&/%-?31$%)57-&'-4/(%\%31$%)57*"'-4/(>

-3%)-."(%\%8,%$:%*)(>%-3%3*".*.(#&%,-"*-%(%,3%3*".*.(#$&5'-4/(;

K$% 1?$/6% 4,/% /)'48$'$16% 8,% 40+/)$% k31% 5$1&$m% 23)% ,44$88$% 31% (9,15$'$16% -$

8)153)/6)23$%É%(?$/6%8$%8,15,5$;%S,%40+/)$%1?$/6%-?,)88$3&/%4,/%1+($//,)&$'$16%$&5'-4/(>

-,1/%8$%/$1/%0g%$88$%1?)17$16$%4,/%B0&(+'$16%31$%4$&/011$>%31$%$[4+&)$1($%1037$88$;%J8

B,36%-)/6)153$&% $16&$%31$% )1/6)636)01>% 8,%a%40+/)$%b>% 23)% $/6% 31$%(01/6&3(6)01% (3863&$88$

(0'48$[$>%$6%8$%3*".*.(#$&5'-4/(>%23)%$/6%8$%4&)1()4$%-3%8,15,5$;%S$%8,15,5$%40+6)23$

$/6%0&-)1,)&$;%J8%1$%&$8:7$%4,/%-?31%5$1&$>%-?31%69:'$%03%-?31$%B0&'$>%(?$/6%($%8,15,5$

23$%A$17$1)/6$%-+B)1)6%$1%+(&)7,16%23$%a%.:/%23$%8$%4&010'%@(%,44,&,{6%-,1/%31%+101(+

0g%)8%+7023$%u%$[48)()6$'$16%03%101%u%8$%4&010'% '/%403&%/?0440/$&%$1/$'@8$%\% -3>

31$% $[4+&)$1($% 93',)1$% /?)1/6,3&$% \% 1$3B% $6% -+70)8$% 8?)1/6&3'$16% 8)153)/6)23$% 23)% 8,

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y_Y%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!`];Y_`%8FGH1<FID1>%!!>%Br"Z%o%Br!V!;Y__%S,%&+-3(6)01%-3%6&,7,)8%-$%A$17$1)/6$%4,&%K;%}$&@&,6Pf&$((9)01)%\%-$/%)1-)($/%-$%/3@C$(6)7)6+%03-?0@C$(6)7)6+>%-,1/%31%/$1/%101%8)153)/6)23$>%-,1/%8$%/$1/%-$/%C35$'$16/%-$%7,8$3&>%-$%8,%7)$)88$0440/)6)01%101%-+4,//+$%-3%/3@C$(6)B%$6%-$%8?0@C$(6)B%h%4,&%$[$'48$%M%a%.?,36&$%4,&6>%8$%6,3[%-$/3@C$(6)7)6+%7,&)$%-?31%+101(+%\%8?,36&$%-,1/%8,%'$/3&$%0g%8$/%31)6+/%-$%($%40)16%-$%73$%4$&6)1$16$/4$37$16%H%e6&$%483/%03%'0)1/%10'@&$3/$/%$6%-$1/$/%É%8$%@36%386)'$%k$6%-,1/%31$%($&6,)1$%'$/3&$3604)23$m%-$%($6%)17$16,)&$%-$/%31)6+/%+101(),6)7$/%+6,16>%,4&:/%8$/%,70)&%,BB$(6+$/%-?31%)1-)($%-$/3@C$(6)7)6+>%-?53*O&%(%#/"(#75':&,(#,(#2*32/3#,/#'*/N#,(#)/O@(2'-9-'5#4/(#2&7$&%'(#/"#5"&"25#,&""5>($%23)%4$&'$66&,)6%-$%6&,1(9$&%603/%($/%-+@,6/%(01B3/%/3&%8?0@C$(6)7)6+%-$%6$8%03%6$8%,&6)(8$%03%0&5,1$%-$4&$//$%~�Ä%b>%K,69$&)1$%}$&@&,6Pf&$((9)01)>%<A1"&"2-*'-&"+#H(#3*#)/O@(2'-9-'5#,*")#3(#3*".*.(>%D&',1-K08)1>%G,&)/>%]^^^>%!ZZ!>%4;%V!;

Marcelo
Marcelo
Marcelo

!ZV

B01-$%bY_V;%f1%8$%70)6>%8$%8,15,5$%40+6)23$%(0''$1($%0g%(0''$1($%8$%,-)2&/%);%=,)/

($%23)%,BB8$3&$%+5,8$'$16%(?$/6%23?01%4$36%,70)&%31$%4&,6)23$%-3% 8,15,5$%23)%1$% /0)6

4,/% $&5'-4/(>% ($% 23$% C?,)% -+B)1)% (0''$% 31$% 4&,6)23$% &+,8)/6$% -$% 8,% 8,153$>% ($% 23$

A$17$1)/6$%,44$88$%8,%a%8,153$%0&-)1,)&$%b%M%a%8,%8,153$%0&-)1,)&$%4&+/$16$%31$%/$38$%$6

(01/6,16$%(,6+50&)/,6)01%-3%'01-$>%8,%'e'$%403&%603/%b;

K$%23$%A$17$1)/6$%7,%(9$&(9$&%(9$I%A,3-$8,)&$>%($%1?$/6%4,/% 8,%40+/)$>%(?$/6% 8$

8,15,5$% 40+6)23$>% ($% 23$% A,3-$8,)&$% &$1037$88$% -$% 7)/)01% $6% -?$[4+&)$1($>% ($% 23?)8

(016)13$% -$% &+P)17$16$&;% S0&/23$% A$17$1)/6$% 6&,7,)88$% \% ,1,8H/$&% -$/% 40:'$/% -$

A,3-$8,)&$>% )8% 8$% B,)6% $1%9)/60&)$1;% J8% 8$/% ,1,8H/$% (0''$% )8% ,1,8H/$% 8$/% 6$[6$/%23)% B016

8?)17$16)01%-$/%)1/6)636)01/%)1-0P$3&04+$11$/>%(0''$%)8%B,)6%6036%8$%6$'4/;%f1%,%-)6%483/

9,36>%$1%&$4&$1,16% 8$% 6$&'$%8,1(+%4,&%A$17$1)/6$>%23$%($66$%,66)63-$%9)/60&)$11$%k-$%8,

7,8$3&>%-3%8,15,5$m>%(01/6)63,)6%31$%75'*)57*"'-4/(%M%8,%-+(037$&6$%-?31$%/+',16)23$

4,&6)(38):&$Y_^>%$1%'e'$%6$'4/%23$%8,%403&/3)6$%-$%8,%-+(037$&6$%-3%40)16%-$%73$%23)

4$&'$6%-$%4$1/$&%($66$%/+',16)23$%4&04&$;

D% 483/)$3&/% &$4&)/$/% A$17$1)/6$% 6&,7,)88$% \% -)BB+&$1()$&% 8,% 8,153$% 40+6)23$% -$

A,3-$8,)&$% $6% ($88$% -$% =,88,&'+%h% )8% -)/6)153$% ,)1/)% -$3[% 40+6)23$/>% A,3-$8,)&$% $6

=,88,&'+% ,H,16% (9,(31% \% 8$3&% ',1):&$% $6% -$% B,T01% -+()/)7$% 6&,1/B0&'+% 8,% 40+/)$

k(0''$%)1/6)636)01m>%$6%-,7,16,5$% 8$% 8,15,5$%k8$%7)7&$m;%G03&%A$17$1)/6$>% )8%1?H%,%4,/

31$% 1,63&$% -3% 40:'$>% )8% H% ,% 31$% ,7$163&$% -$% 8,% 4$1/+$% $6% -3% 8,15,5$>% 31$% 403&/3)6$

)16$88$(63$88$>% 31% -),8053$>% -016% )8% B,36% &$1-&$% (0'46$% $1% 9)/60&)$1>% $1% 6&,7,)88,16% \

-+(037&)&%4,&%$[$'48$%8,%8,153$%-$%A,3-$8,)&$%k%23)%103/%-+(037&$%6036%,36,16>%43)/23$

($%6&,7,)8%-$7)$16%8?$[$&()($%-$%8?)17$16)01%-3%40)16%-$%73$m%M

J8%B,36%)1/)/6$&%403&%8,%@)$1%-+B)1)&>%/3&8?0&)5)1,8)6+%-$%8,%5&,'',)&$%40+6)23$%-$%A,3-$8,)&$;

F1%,44,&$1($>%8$%-)/(03&/%-$%A,3-$8,)&$%$/6%/)31)>%/)%&+538)$&>%/)%)16$88)5)@8$>%/)%@)$1%6$13%23?)8/$'@8$%-,1/%8,%483/%43&$%6&,-)6)01%(8,//)23$;%K$%23)-+(01($&6$%'e'$%8$/%40:6$/%23)%8$%8)/$16%,3C03&-?93),7$(%É%($4$1-,16%É%8,%-03@8$%(01/()$1($%-$%8,43)//,16$%0&)5)1,8)6+%-$%A,3-$8,)&$%k',)/%0g%&+/)-$P6P$88$%,80&/%pm%$6%-$%6036$/%8$/%107,6)01/23)%/016%)//3$/%-$%83)%$6%23?)8%,%,3%'0)1/%&$1-3$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y_V%F')8$%A$17$1)/6$>%a%S$%8,15,5$%$6%8?$[4+&)$1($%93',)1$%b%k]^`Ym>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%`V;Y_^%A$17$1)/6$%4,&8$%-?31$%.%*77*-%(#$&5'-4/(%ka%($%23$%C?,44$88$&,)%8,%5&,'',)&$%/+',16)23$%k0340+6)23$%pm%b>%8FGH1<FID1>%!!>%Br`_%o%Br"]^m>%0g%8?01%(0'4&$1-%23?)8%/?,5)6%-$%-+(037&)&%31$5&,'',)&$>%31$%/+',16)23$%/4+()B)23$>%3*#3*"./(#,(#8*/,(3*-%(%4,&%$[$'48$>%6$1,16%,)1/)%$1/$'@8$8?$[4+&)$1($%23)%/?)17$16$%$6%8?)17$16)01%-3%-)/(03&/;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo

!Z^

40//)@8$/;%YVZ

G03&%A$17$1)/6$%8?0&)5)1,8)6+%-$%A,3-$8,)&$%$/6%\%4$1/$&%-$%',1):&$%8)153)/6)23$%M

3A&%-.-"*3-'5#,(# 3*#.%*77*-%(#$&5'-4/(#,(#8*/,(3*-%(;%S$% 6$&'$%-$%.%*77*-%(% )()%1$

&$170)$%4,/%\%8,%5&,'',)&$%,3%/$1/%-$%8?3/,5$%10&',6)B%-$%8,%8,153$;%K$66$%5&,'',)&$

(?$/6% 8,% /4+()B)()6+% -$% 8,% 8,153$% -$% A,3-$8,)&$;% S0&/23$% A$17$1)/6$% +(&)6% M% a% $1

,44,&$1($>%8$%-)/(03&/%-$%A,3-$8,)&$%$/6%/)%31)>%/)%&+538)$&>%/)%)16$88)5)@8$>%/)%@)$1%6$13

23?)8%/$'@8$%-,1/%8,%483/%43&$%6&,-)6)01%(8,//)23$%b>%)8%B,36%@)$1%70)&%23?)8%/?,5)6%-$%8,

(&)6)23$%-?31$%40+6)23$%-$%8?+(,&6>%(?$/6%\%-)&$%-3%6&,7,)8%-$%#$,1%K09$1%23)%$/6%@)$1%-$

/01%+4023$%$6%23)%$/6%4,&%,)88$3&/%$[,(6$'$16%(016$'40&,)1%-$%8?+(&)63&$%-$%A$17$1)/6$

/3&%A,3-$8,)&$;%#;%K09$1%&+-3)6%8,%8)66+&,63&$%\%31%+(,&6%4,&%&,440&6%\%31$%10&'$;%D)1/)

,3%-+@36%-$%>'%/2'/%(#,/#3*".*.(#$&5'-4/(%$1%]^``>%)8%+(&)6%M

D7,16%-$%/,70)&%23$8/%/016%8$/%+(,&6/%$/69+6)23$'$16%7,8,@8$/>%)8%B,36%-?,@0&-%40370)&%8$/&$4+&$&% $1% 6,16% 23?+(,&6/>% ($% 23)% 1$% 4$36% /$% B,)&$% 23$% 4,&% (0'4,&,)/01% ,7$(% 8,% 10&'$;l03/%(01/)-+&01/%-01(% 8$% 8,15,5$%40+6)23$%(0''$%31%B,)6%-$%/6H8$%4&)/%-,1/%/01%/$1/5+1+&,8;%S$%B,)6%)1)6),8%/3&%8$23$8%/$&,%B01-+%($66$%,1,8H/$>%(?$/6%23$%8$%40:6$%1$%4,&8$%4,/(0''$%6036%8$%'01-$;%Q01%8,15,5$%$/6%,10&',8>%$6%($66$%,10&',8)6+%83)%(01B:&$%31%/6H8$;S,%40+6)23$%$/6%8,%/()$1($%-3%/6H8$%40+6)23$;YV]

A$17$1)/6$% )17,8)-$%($66$%,44&0(9$%$1%-)/,16%23$% 8,%10&'$% 8)153)/6)23$%$6%-01(

8?+(,&6>%1$%4$&'$66$16%4,/%-$%4$1/$&%8?0&)5)1,8)6+%-$%A,3-$8,)&$>%43)/23$%-$%($%40)16%-$

73$;% A,3-$8,)&$% ,448)23$% (0&&$(6$'$16% 8$/% &:58$/% -$% 8,% 5&,'',)&$% B&,1T,)/$;

A$17$1)/6$%-,1/%31%,36&$% B$3)88$6>%+(&)6% M%a%S$% 8,15,5$% )(01)23$%1$% &0'46%4,/%,7$(% 8$

/H/6:'$%5+1+&,8%-$%8,%8,153$>%)8%1?$'480)$%4,/%-?+8+'$16/%4901)23$/%1)%/)51)B)23$/%23)

/0)$16% +6&,15$&/% \% 8,% 8,153$>% $6% A,3-$8,)&$% (01/$&7$% 31$% /H16,[$% 23)% $/6% -,1/

8?$1/$'@8$% ($88$% -$% 8,% 8,153$% (0''31$;% bYV!;%K$% 1?$/6% 4,/% 31% +(,&6% 4,&% &,440&6% \% 8,

10&'$% 8)153)/6)23$% 23)% B,)6% A,3-$8,)&$>% 23)% B,)6% 8$% 40:'$;% K$()% '016&$% ,3//)% 23$% 8,

8)153)/6)23$% 6&,-)6)011$88$>% 8,% 5&,'',)&$% 10&',6)7$>% $/6% )1(,4,@8$% -?,44&0(9$&% 31

40:'$>%-?0g%8,%1+($//)6+%-$%4$1/$&%(0''$%8$%B,)6%A$17$1)/6$%31$%.%*77*-%(#$&5'-4/(>

3*#3*"./(#,(#8*/,(3*-%(>%23)%$/6%31%6036%,36&$%4&0C$6;%J8%1$%/+4,&$%4,/%8?$[4+&)$1($%$6%8,

8,15,5$>% 8?)17$16)01% -3% &$5,&-% $6% 8?)17$16)01% -$% 8,% 5&,'',)&$;%A$17$1)/6$% (9$&(9$

,3//)%\%+(&)&$%31$%,36&$%9)/60)&$>%23)%/$&,)6%8)153)/6)23$>%40+6)23$>%5&,'',)&)$11$>%$6%23)

-+(037&)&,)6%4,&%$[$'48$%a%6036$/% 8$/%107,6)01/%23)% /016% )//3$/%-$% 83)% ~A,3-$8,)&$Ä%$6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YVZ%8FGH1<FID1>%!!>%Br`_P`V%o%Br"]^P"!Z;YV]%#$,1%K09$1>%>'%/2'/%(#,/#3*".*.(#$&5'-4/(>%R8,'',&)01>%G,&)/>%]^``>%4;%]"P]X;YV!%8FGH1<FID1>%`>%BrY%o%Br%;BrY;

Marcelo
Marcelo

!]Z

23?)8%,%,3%'0)1/%&$1-3$/%40//)@8$/%b;%F1(0&$%31$%B0)/>%A$17$1)/6$%&$'$6%$1%23$/6)01%8$/

(,6+50&)$/%-$% 8?,1,8H/$% 8)153)/6)23$>%4,&% 8$%40:'$>%$1%4$1/,16% 8$% 3*".*.(#$&5'-4/(;% J8

'016&$% ,)1/)% 101% /$38$'$16% 8,% -)BB)(386+%',)/% 8,% 1+($//)6+% a%-$% /0&6)&% -$/% (,6+50&)$/

36)8)/+$/%403&%8?,1,8H/$%-3%8,15,5$%0&-)1,)&$%bYV";

S$%8,15,5$%40+6)23$%$/6%603C03&/%403&%A$17$1)/6$%\%8,%B0)/%2(#3*".*.(#$&5'-4/(>

A,3-$8,)&$>% =,88,&'+>% 31$% /+',16)23$% 4,&6)(38):&$>% 8?)17$16)01% -$% &+,8)6+% 23?$88$

$15,5$%h%$6%$1%'e'$%6$'4/%31$%5+1+&,8)6+%M%3(#3*".*.(#$&5'-4/(>%23)%-+B)1)6%,80&/%31$

($&6,)1$%,(6)7)6+%-3%/3C$6%$6%-3%8,15,5$%M

S,%40+/)$%,%)()%8$%7)/,5$%-$A,3-$8,)&$%h%C$%4,&8$%-?$88$%03%-$%83)>%/,1/%40370)&603C03&/%8$/%-)/6)153$&;%S,%40+/)$>%(?$/6%8,%40+/)$%%483/%31%($&6,)1%40:6$;%%43)/23$%(9,23$%40:6$%,%%/,%8,153$%40+6)23$YVX

S,%a%8,153$%40+6)23$%b%1?$/6%4,/%&+-3(6)@8$>%(0''$%01%8?,%-)6%483/%9,36>%\%31%8)$3

)1/6)636)011,8)/+%-$%8,%a%(&+,6)01%b%M%8,%a%40+/)$%b;%S,%8,153$%40+6)23$%$/6%31$%,(6)7)6+>

4,&%$[$'48$%($88$%-$%A,3-$8,)&$%80&/23?)8%-+(037&$%4,&%8$%8,15,5$%31$%&+,8)6+%1037$88$;

K$% 23?)8% B,36% &$',&23$&% )()>% 80&/23$% A$17$1)/6$% -)6% a%C$% 4,&8$% -?$88$% 03% -$% 83)>% /,1/

40370)&%603C03&/%8$/%-)/6)153$&%b>%(?$/6%8?)'40&6,1($%403&%83)%-$%8,%23$/6)01%-3%$&-"'#,(

9/(;%K$% 23?)8% -+(037&$% -3% 8,15,5$% 40+6)23$>% )8% 8$% -+(037&$% 4,&%A,3-$8,)&$;%K?$/6% ,3

7&,)%/$1/%-3%6$&'$%31%,-*3&./(;%K?$/6%($%23$%/,%8)153)/6)23$%103/%,7,)6%,44&)/%h%23$%($

23?01%4$36%-)&$%-?31%-+6,)8%-$%5&,'',)&$%-,1/%31$%8,153$%4,&6)(38):&$%4$&'$6%603C03&/

8,%-+(037$&6$%-?31$%'+690-$>%8,%-+(037$&6$%-$%8,%5+1+&,8)6+%-3%4&040/;%K?$/6%$1%($%/$1/

23$% C$%(0'4&$1-/% 8,%49&,/$%-$%A$17$1)/6$%\% 8,% B)1%-$% 8?,&6)(8$%a%S,%(8,//)B)(,6)01%-$/

8,153$/%b%$1%]^Y!%M%a%8,%-)/6,1($%\%4,&(03&)&%\%'0)1/%-?)'40&6,1($%23$%8,%-)&$(6)01%0g

/?0&)$16$&%bYVY>%(?$/6%$1(0&$%($%23$%&$(037&$%8$%6$&'$%-$%$%&O3;7()YV`#-,1/%K%&O3;7()

,(# 3-"./-)'-4/(#.5"5%*3(%M% (?$/6% 8,%',1):&$%-$%70)&% 23)% /?)17$16$% \% (9,23$%4,/;%F6% $1

($8,%A$17$1)/6$%403&/3)6%Q,3//3&$%403&%23)%8$%40)16%-$%73$%KLFF%8?0@C$6>%403&%23)%&)$1

1?$[)/6$%$1%-$90&/%-3%40)16%-$%73$;%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YV"%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"_;YVX%8FGH1<FID1>%!]>%Br!%@)/%o%Br!]Z%@)/;;YVY%F')8$%A$17$1)/6$>%a%S,%(8,//)B)(,6)01%-$/%8,153$/%b%k]^Y!m>%)1#K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;]]V;

Marcelo

!]]

A$17$1)/6$>% -,1/% 8?,&6)(8$% a%K034% -?v)8% /3&% 8$% -+7$8044$'$16% -$% 8,

8)153)/6)23$%b>% 103/% &,44$88$%23$% 8$% 6&,7,)8% -3% 8)153)/6$% $/6% -?,@0&-%31% 6&,7,)8% /3&% 8$/

8,153$/%&+$88$/>%$6%4,&P8\%31$%&+B8$[)01%/3&%8$%8,15,5$%M

S$% 8,15,5$>% B,(386+% 93',)1$>% (,&,(6+&)/6)23$% 31)7$&/$88$% $6% )''3,@8$% -$% 8n90''$>% $/6,36&$%(90/$%23$%8$/%8,153$/>%603C03&/%4,&6)(38):&$/%$6%7,&),@8$/>%$1%8$/23$88$/%)8%/$%&+,8)/$;Kn$/6%-$/% 8,153$/%23$%/n0((34$% 8$% 8)153)/6$>%$6% 8,% 8)153)/6)23$%$/6%-n,@0&-% 8,% 69+0&)$%-$/8,153$/;%=,)/>%-,1/%8,%4$&/4$(6)7$%0g%103/%103/%48,T01/%)()>%103/%7$&&01/%23$%($/%70)$/-)BB+&$16$/% /n$16&$8,($16% /037$16% $6% B)1,8$'$16% /$% (01B01-$16>% (,&% 8$/% 4&0@8:'$/)1B)1)'$16%-)7$&/%-$/%8,153$/%016%($()%-$%(0''31%23n\%31%($&6,)1%-$5&+%-$%5+1+&,8)6+%)8/'$66$16%603C03&/%$1%23$/6)01%8$%8,15,5$;YV_

S$% 4&040/% -$% A$17$1)/6$% &,44$88$% ($% 23?<$1&)% =$/(9011)(% -,1/% /01% ,&6)(8$

a%G&0@8:'$/%-3%8,15,5$%40+6)23$%-$%<350%b%$1%]^`V%k(088023$%-$%K831Hm%4037,)6%-)&$

-3% 8,15,5$%40+6)23$;%<;%=$/(9011)(% $[48)23$% $1% $BB$6% 23$% 8$% /$1/%-$% /01% 6&,7,)8% $/6

-?)883/6&$&%23$%a%8,%40+6)23$%1$%4$36%4,/%e6&$%&+,8)/6$%k(?$/6P\P-)&$%/3@/6,16),8)/6$m%',)/

10')1,8)/6$%M% 23?$88$% 1$% 4$36% 4,&6)&% 23$% -3% 8,15,5$% 40+6)23$% 03-"% (&+,6$3&% É% 23$

8?$[4&$//)01% s8,15,5$% 40+6)23$t% 1?,% 4,/% -$% /$1/% )16&,1/)6)B%bYVV;% G03&% =$/(9011)(>

(0''$%403&%A$17$1)/6$>%)8%1?H%,%4,/%-$%',1):&$%/3@/6,16)$88$%31%8,15,5$%40+6)23$>%)8

1?H%,%23$%-$/%$[4+&)$1($/%4,&6)(38):&$/>%-$/%(&+,6$3&/%$6%-$/%8$(6$3&/%23)%&+)17$16$16%8,

1,63&$% -3% 8,15,5$% 40+6)23$;% S0&/23$% A$17$1)/6$% +(&)6% 23$% a%8$% 8,15,5$>% B,(386+

93',)1$>%(,&,(6+&)/6)23$%31)7$&/$88$%$6% )''3,@8$%-$%8n90''$>%$/6%,36&$%(90/$%23$%8$/

8,153$/>%603C03&/%4,&6)(38):&$/%$6%7,&),@8$/>%$1%8$/23$88$/%)8%/$%&+,8)/$%b>%)8%1$%B,36%4,/%/$

6&0'4$&%-$%8$(63&$>%)8%1$%B,36%4,/%/$%6&0'4$&%-$%&+$8>%)8%B,36%@)$1%8)&$%a%$1%8$/23$88$/%)8%/$

&+,8)/$%b% -$% ',1):&$% 10')1,8)/6$% $6% 101% -$% ',1):&$% &+,8)/6$%M% 8$% 8,15,5$% 1?$/6% 4,/

&+,8)/+>% )8% /$% &+,8)/$%-,1/% 8$/% 8,153$/>% )8%(016)13$%-$%/$% &+,8)/$&;%K?$/6% 8,%7,8$3&%-$%($

4&+/$16>%$1%B)1%-$%49&,/$>%31%4&+/$16%4&05&$//)B>%$6%23)%8,)//$%6036$%8,%48,($%\%31$%4$1/+$

-3%/3C$6;%L)$1%1?$/6%-,1/% 8,% 8,153$%23)%1?,3&,%-?,@0&-%+6+%-,1/% 8,%70)[>%a%"-:-3#()'# -"

8)153,#4/&,#"&"#$%-/)#=/(%-'#-"#0&,6)01$%bYV^>%+(&)6%A$17$1)/6$%$1%&$4&$1,16%8,%B0&'38$

,&)/606+8)()$11$%h%8?$[4+&)$1($%$/6%603C03&/%4&$'):&$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%YV`%i0)&%483/%9,36%\%($%/3C$6>%4;]"`;YV_%F')8$%A$17$1)/6$>%a%K034%-nv)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b%k]^`"m>%)1#K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%]^;YVV%<$1&)%=$/(9011)(>%a%G&0@8:'$/%-3%8,15,5$%40+6)23$%-$%<350%b>%)1%<*#c&/9(33(#2%-'-4/(>%13'+&0/4+(),8>%<-"./-)'-4/(#('#3-''5%*'/%(%kK088023$%-$%K831H>%]`P]_%,7&)8%]^`Vm>%G,&)/>%]^`V>4;%]"X;YV^%F')8$%A$17$1)/6$>%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%k]^`Xm>%)1#K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%]"];

Marcelo
Marcelo

!]!

K?$/6%4,&($%23$%8?$[4+&)$1($%$/6%4&$'):&$%23$%8$%8,15,5$%40+6)23$%$/6%603C03&/%$1

,7,16%-$%8?0&-)1,)&$>%23?)8%8?)17$16$;%K0''$%A$17$1)/6$%8?+(&)6>%8$%8$(6$3&%4,&%8$%40:'$

,((:-$%\%31%31)7$&/%)(2&",%M

S,%a%&+,8)6+%b%-$y\%8,23$88$%&$170)$%8$%/$1/y7$&/%-340:'$%%%$/6%31$%&+,8)6+%%)1-+B)1)'$16%(&++$4,&%8$%40:6$%'e'$>%,3%'0H$1%-$%/$/%7$&/;%J8%8,B,)6%70)&%>%%)8%83)%-011$%$[)/6$1($%4,&%8,%/010&)6+-$/%7$&/;%K$83)%23)%&+4:6$%($/%7$&/%,((:-$%\%($631)7$&/%/$(01-%>%23)%$/6%6036%$16)$&%)1(83/-,1/%8$/%'06/%,//$'@8+/%4,&%8$%40:6$;%f%')&,(8$4$&',1$16>%w%(01B3/$%'$&7$)88$%23$%($66$%B)(6)01-$7$1,16%%/34&e'$%%&+,8)6+%%%-,1/%$6%4,&%8$/%'06/;Y^Z

S$%40:6$%B,)6%70)&>%-011$%$[)/6$1($%\%31%31)7$&/%)(2&",>%31$%a%/34&e'$%&+,8)6+%b;

>(2&",% -+B)1)6% 31% -+48,($'$16% -3% /3C$6>% -3% &$5,&->% -$% 8,% &+,8)6+;% f1% ,7,)6% -+C\

&$',&23+% ($% 6$&'$% ,)88$3&/>% (9$I% R&,1I% A0,/>% ,7$(% 31$% 7,8$3&% 6&:/% 4&0(9$>% 80&/23$

($83)P()% 4,&8,)6% -$% &,)/011$'$16/% /$(01-,)&$/% $6% -$% &+P)16$&4&+6,6)01/% ka%/$(01-,&H

&$,/01)15%,1-%~�Ä%&$P)16$&4&$6,6)01/%bY^]m;%K9$I%A$17$1)/6$%(0''$%(9$I%A0,/>%)(2&",

k)(2&",*-%(m%1$%/?0440/$%4,/%\%a%4&$')$&%b>% )8%1?H%,% C,',)/%-?0&)5)1$>% )8%1?H%,%23$%-3

B01(6)011$'$16>% -$/% -+48,($'$16/>% -3% &)/23$>% -$% 8?)1(0113;% K0''$% -)6% Q,3//3&$% \

4&040/%-$%8,%23$/6)01%-$%8?0&)5)1$%-3%8,15,5$%M%a%fLJ*JlF%.U%SDl*D*F%M%J1,1)6+

-$%8,%23$/6)01%403&%23)%4&$1-%31$%C3/6$%)-+$%-$%($%23?$/6%31%/H/6:'$%/+')0805)23$%$6

-$%/$/%(01-)6)01/%-$%9-(>%,7,16%-$%(01/)-+&$&%/$/%(01-)6)01/%-$%5$1:/$>%4;%ZZZ;%J8%1?H%,

,3(31% '0'$16% 0g% 8,% 5$1:/$% -)BB:&$% (,&,(6+&)/6)23$'$16% -$% 8,% 9-(% -3% 8,15,5$>% $6

8?$//$16)$8%$/6%-?,70)&%(0'4&)/%8,%7)$;%bY^!;%A0,/%$6%A$17$1)/6$%016%+5,8$'$16%($%/$1/%-$

8,%9-(;

S0&/23$%A$17$1)/6$%-)6%)(2&",>%01%-0)6%,3//)%,70)&%\%8?$/4&)6%23?)8%+(&)6%\%4&040/

-$% A,3-$8,)&$>% 23$% 8$% ,&/O3(>% 8$% 2&77(# /016% 8$/% 6$&'$/% )'40&6,16/% -$% /,% 8,153$

40+6)23$>% -?31$% 8,153$% 40+6)23$% 23)% /?0440/$% -$% ($66$% ',1):&$% 4,&6)(38):&$% \% 31

&+,8)/'$;%A$17$1)/6$%)1/)/6$%$1%$BB$6%/3&%8$%2&77(%(9$I%A,3-$8,)&$%M

%%%%%%%%%R&+23$1($%-$/%(0''$

%%%%&$(3$)88)&%%%%D%6036$/%8$/%7,&),16$/%M

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y^Z%8FGH1<FID1>%!!>%Br^%o%Br!`];Y^]%i0)&%4;%_V;Y^!%R$&-)1,1-%-$%Q,3//3&$>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%!!V;

!]"

%%%%,)1/)%23$%%%;%%;%%;%%%%%%6$8%>%/$'@8,@8$%>%4,&$)8

%%%%C0)1-&$%%%%%%)')6$&%%%%%%%%%%(0'4,&,@8$%%%%%%%%%63%B,)/%8?$BB$6%%%%%%%%%%%%%&$//$'@8$16

%%%%%%%%%%%%%%%%%%%,70)&%8?,)&%%%k^]m

K$% &$8$7+% 1?$/6% 4,/% 69+',6)23$% 1)% 8$[)(0805)23$>% (?$/6% ($83)% -?31$% 40+6)23$>% 8$

&$4+&,5$%-?31$%$[4&$//)01%23)%)17$16$%31$%7)/)01%M

K0&&$/401-,1($/%k/3)6$m

J'40&6,1($%%%$6%%%B&+23$1($%-$%a%(0''$>%,)1/)%23$8>>%\%%8?+5,8%-$>%/$'@8,@8$>%%4,&$)8%b;

%%%S$%40:6$%(0'4,&$>%)8%%1?$[48)23$%%1)%1$%-+(&)6;Y^"

A$17$1)/6$% B,)6% -$% 8,% a%(0'4,&,)/01% b>% -$% 8,% a%(0&&$/401-,1($%b% 31% '0-$% -$

4$1/+$>% 31$% 4$1/+$% -3% 8,15,5$>% (&)6)23$% -3% &+,8)/'$% -$% 8,% -$/(&)46)01>% -$

8?a%)-$16)B)(,6)01%b%M%a%K0''$%,((0'4,51$%/$38$'$16%-$/%7$&@$/%,36&$/%23$%e6&$;%.01(

8?)-$16)B)(,6)01%x% /?0440/$% \% 8,%y% (0'4,&,)/01%bY^X;%K$()% 7,%@)$1%-,1/% 8$%'e'$% /$1/

23$% 8$% )(2&",>% 03% 8$% )(2&",*-%(% k-$% R;% A0,/m% 23$% 8?01% (0'4&$1-% (0''$% 31

-+48,($'$16%-3%/3C$6;

A$17$1)/6$%4,&8$%,3//)%-$%a%/34&e'$%&+,8)6+%b%M%8$%40:6$%-+70)8$%31$%%5*3-'5%23?01

1$% /,7,)6% 4,/% 70)&% C3/23$% 8\;% f1% &$4$1/$% \% 8,% 95%-'5# %59535(% 23?)8% @,&&,)6% 403&% B,)&$

$16$1-&$%31$%%5*3-'5#,59&-35(>%31%4&0C$6%-?9)/60)&$%M%a%S$%40:6$%103/%,44&$1-%8,%95%-'5%$6

103/%&+7:8$%-+70)8$%8,%7+&)6+%%5*3-'5;%S,%7+&)6+%/3&%83)%$6%-$%6$88$%',1):&$%23?$88$%103/

,44,&,)//$%8,%7+&)6+%/3&%103/%h%8,%&+,8)6+%',/23+$%4,&%8,%(017$16)01%03%8?9,@)63-$%$6%23)

@&)88$%(0''$%\%8,%(&+,6)01%bY^Y;%B&77(#g#3*#2%5*'-&"%h%A$17$1)/6$%-+B)1)6%31$%(&+,6)01

(016)13+$>%(016)13+$%4,&%8$%8,15,5$;

A$17$1)/6$%4,&8$%-?31$%%5*3-'5# -",5=-"-7("'#2%55(>%-$%($83)%23)% 8)6% (0''$%2(3/-

4/-# %5$;'(#2()#9(%)>% 03%$1(0&$%-?31%7-%*23(#$(%7*"("';%S$%40:'$%1?$/6%4,/% $1B$&'+

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y^"%8FGH1<FID1>%]Y>%Br^%o%Br]]YY^X%8FGH1<FID1>%]X>%Br!]%o%Br]ZZY^Y%8FGH1<FID1>%V>%Br_%o%Br]_;

!]X

-,1/% /$/% (01-)6)01/% -$% 4&0-3(6)01>% $6% 1?$/6% 4,/% ,&&e6+% -,1/% 31$% /)51)B)(,6)01>% )8% $/6

603C03&/%-,1/%8,%8$(63&$%-$%23$823?31>%23)%%5$;'(%8$/%7$&/%k0g%8,%&+4+6)6)01%1?$/6%4,/%31$

)6+&,6)01%',)/%31%&$(0''$1($'$16%h%8$%40:'$%(0''$1($%\%1037$,3m;%K?$/6%403&%($8,>

(0''$%C$%8?,)%-)6%\%8?)1/6,16>%23$%8?31)7$&/%-3%40:'$%$/6%603C03&/%)(2&",;%J8%$/6%603C03&/

31% -+48,($'$16>% 8?)17$16)01% -?31$% &+,8)6+% $6% -?31$% 4$&/011$% 1037$88$;% G$36Pe6&$

&$6&037$P6P01%-,1/%($%',13/(&)6%8?+(90%80)16,)1%-?31$%49&,/$%-$%8?,&6)(8$%a%K034%-?v)8

/3&% 8$% -+7$8044$'$16% -$% 8,% 8)153)/6)23$% b% $1% ]^`">% 0g% A$17$1)/6$% -+B)1)6% 8$% &+()6

(0''$% ($% 23$% 8?01% %5$;'(% $6% 603C03&/% %(2&77("2(>% 0g% $1% 6036% (,/% )8% 4,&8$% -?31$

&+4+6)6)01%23)%,3%(016&,)&$%-?,1138$&%8$%4&+/$16%8$%4&0-3)6Y^`#M%a%70H01/%($%23$%-$7)$16

8,%'e'$%9)/60)&$%23,1-%$88$% /$% &+,8)/$%-,1/% 8$% &+()6>% /3)6$%-$%4$6)6/%@&3)6/%70(,3[%23)

/?+7,103)//$16%/)6w6%+')/>%/)6w6%4$&T3/>%',)/%6036$%8?|'$%/?$1%$[,86$>%$6%8$/%5+1+&,6)01/

8$/% &+4:6$16>% $6% (9,23$% B0)/%23$% 8,%4,&08$%-+480)$% 8?+7+1$'$16>% (9,23$% B0)/% 8$%'01-$

&$(0''$1($%bY^_;

S?$[4&$//)01%a%($66$%B)(6)01%-$7$1,16%/34&e'$%&+,8)6+%-,1/%$6%4,&%8$/%'06/%b%-0)6

$1(0&$%&$6$1)&%106&$%,66$16)01%h%403&%A$17$1)/6$%8$%40:'$%$15,5$%8,%%5*3-'5;%T-2'-&"%$6

%5*3-'5%1$%/016%483/%,16)10')23$/>%$6%'e'$%1$%/$%-)/6)153$16%483/;%S,%&+,8)6+%1?$/6%483/

)()% 8,% &+,8)6+% &+B+&$16)$88$>% ',)/% 31% 4&0C$6% -$% &+,8)6+% ka%S,% a%&+,8)6+%b% -$y\% 8,23$88$

&$170)$% 8$% /$1/y7$&/% -3% 40:'$% $/6% 31$% &+,8)6+% % )1-+B)1)'$16% (&++$% 4,&% 8$% 40:6$

'e'$%bm;% S,% &+,8)6+% $/6% 8?$1C$3% -3% 40:'$;% K0''$% A$17$1)/6$% 8?+(&)6% ,)88$3&/>% a%8$/

40:6$/% /016% 8$/% 483/% 5&,1-/% &+,8)/6$/%bY^V>% ($% 23)% )17$&/$% 8?)-+$% 9,@)63$88$% -?31% 40:6$

B,)/$3&%-?)&&+$8>%-$%B)(6)01>%$6%23)%-+48,($% 8,%7,8$3&%-3% 6$&'$%a%&+,8)/6$%b%-?31$%7,8$3&

&+B+&$16)$88$%$1%31$%7,8$3&%(&+,6)7$%h%8,%=-2'-&"%&$4&$1-%)()%31$%7,8$3&%40/)6)7$>%40+6)23$>

($88$%-$% =*-%(>% -$%(&+$&% k=-2'-&% $1% 8,6)1% /$'@8$&,)6%4&$/23$%4&0(9$%-$% =*2-&>% @)$1%23?)8

-+&)7$% $1% B,)6% -$% =-".(%(>% a%)17$16$&%b% k$6% 23)% -011$% a%B$)1-&$%b% $1% B&,1T,)/m% h% =-2'-&>

(?$/6% $1% 8,6)1% )'4+&),8% 8?a%,(6)01% -$% B,T011$&%b>% 8,% a%(&+,6)01%bm;% S0&/23$% A$17$1)/6$

4,&8$% -$% a%B)(6)01%b>% 01% $/6% -+C\% -,1/% 31$% /+',16)23$>% -,1/% 31$% 40+6)23$>% -,1/% 31$

4$1/$&% -3% B,)&$>% -$% 8,%',1):&$% -$% B,)&$>% -$% -)&$;% J8% 1?$/6% $1% 6036% (,/% 4,/% 23$/6)01% -$

4$1/$&% 8$% 7&,)% $6% 8$% B,3[>% 8$% &+$8% $6% 8?)&&+$8%h% 8$% 40:6$% 4,&% 8,% B)(6)01% (&++% 31$% &+,8)6+

1037$88$;%D)1/)%8?$1C$3%-3%40:'$%$/6%408)6)23$;%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y^`%f1%4$1/$&,%,3//)%\%8,%49&,/$%a%.)&$%@01C03&%603/%8$/%C03&/%-$%/,%7)$%\%23$823?31>%(?$/6%(9,23$%B0)/%31$&+)17$16)01%b>%F')8$%A$17$1)/6$>%a%Q6&3(63&,8)/'$%$6%8)153)/6)23$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%]^;Y^_%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-3%8,15,5$%b%k]^`"m>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%!^;

Marcelo

!]Y

K$66$%=-2'-&">%(&)6)23$%-$%8,%805)23$%-3%7&,)%$6%-3%B,3[>%-$%8,%805)23$%-3%/)51$>%-3

&+,8)/'$>% &,44$88$&,% =,88,&'+>% ($83)P()% &$7$1-)23,16% -,1/% B%-)(# ,(# 9(%)% 8$% 40:'$

(0''$% a%31% ,&6% (01/,(&+% ,3[% B)(6)01/%b>% \% 8?0440/+% -?31$% a%B01(6)01% -$% 13'+&,)&$

B,()8$% $6% &$4&+/$16,6)B%b>% 23)% $/6% 8,% &+-3(6)01% -3% 8,15,5$% \% 31% 3/,5$% &+,8)/6$

ka%&$4&+/$16,6)B%bm>%$1%31%)1/6&3'$16>%31$%10'$1(8,63&$>%31%"/75%*-%(>%(?$/6P\P-)&$%31$

'011,)$%-?+(9,15$%M

D3%(016&,)&$%-n31$%B01(6)01%-$%13'+&,)&$%B,()8$%$6%&$4&+/$16,6)B>%(0''$%8$%6&,)6$%-n,@0&-8,% B038$>% 8$% -)&$>% ,7,16% 6036>% &e7$% $6% (9,16>% &$6&037$% (9$I% 8$% G0à6$>% 4,&% 1+($//)6+(01/6)636)7$%-n31%,&6%(01/,(&+%,3[%B)(6)01/>%/,%7)&63,8)6+;Y^^

S,%=-2'-&"%(9$I%=,88,&'+>%(0''$%(9$I%A$17$1)/6$>%1?$/6%4,/%31%5$1&$>%',)/%31

4&0C$6>%-$%8,15,5$>%-$%7)$%$6%-?9)/60)&$;%G,&%8$%40:'$>%8$%8,15,5$>%a%8$%-)&$%b>%%('%&/9(%/,

23,8)6+%(01/6)636)7$>%/,%9-%'/*3-'5;%K?$/6%-)&$%23$%8$%40:'$%$/6%2%-'-4/(>%(&)6)23$%-?31%+6,6

-3% 8,15,5$>%-?31%+6,6%-$% 8,%4$1/+$>%-?31$%',1):&$%-016% 8,% =&/3(% 6&,)6$% 8$% 8,15,5$;%f1

4$36%-?,)88$3&/%4$1/$&%23$%($6%+6,6%-$%a%B038$%b%23)%$/6%31%+6,6%-$%8,%/0()+6+%-+(038$%03

-3%'0)1/%$/6% 8)+%\%($6%+6,6%-3%8,15,5$%4&)7+%-$%/,%7)&63,8)6+;%S,%9-%'/*3-'5%-3%,-%(%23$

6&,7,)88$%\%4$1/$&%=,88,&'+>%$6%23?)8%-+B)1)6%(0''$%a%,7,16%6036%&e7$%$6%(9,16%b>%(?$/6

8?037$&6>%8?)1B)1)%-3%8,15,5$%$6%-$%8,%4$1/+$;%f1%$16$1-%a%7)$%b%-,1/%($66$%a%7)&63,8)6+%b;

J8%B,36%$1(0&$%,C036$&%23$823$/%&$',&23$/%\%4&040/%-3%B$3)88$6%a%!!>%Br^%b;%J8%H%,

106,''$16%($66$%23$/6)01%-$% 8,%a%/010&)6+%b%M%a%J8% 8,% ~8,% &+,8)6+Ä% B,)6%70)&>% )8% 83)%-011$

$[)/6$1($%4,&%8,%/010&)6+%-$/%7$&/%b;%J8%'$%/$'@8$%23?31$%(016)13)6+%$/6%\%-+(037&)&%)()

$16&$%8,%&$(9$&(9$%,7,1(+$%4,&%A$17$1)/6$%\%4&040/%-$%8,%)&"&%-'5%$6% 8,%&+B8$[)01%23$

':1$%R$&-)1,1-%-$%Q,3//3&$%,7$(% 8$/%4,&,5&,''$/;%.?,@0&-%4,&($%23$% 8,%-)'$1/)01

23$%A$17$1)/6$%40/$%$1%4,&8,16%-$%a%8,%/010&)6+%-$/%7$&/%b>%(?$/6%($88$%-3%-)/(03&/>%($

1?$/6% 4,/% ($88$% -3% '06;% f1% 8$% 7$&&,% 483/% 80)1>% ',)/% )8% 4,&8$% -$% 8?*,54/*'-&"% 03% -$

8?-,("'-=-2*'-&"%-$% 8,%',6):&$% 8)153)/6)23$%\% 8,%/)51)B)(,6)01>%$6% )8% $/6%@)$1%(8,)&%23$%($

1?$/6%4,/%31%(&,6H8)/'$>%23?)8%40/$%8,%23$/6)01%-$%8,%(01/6&3(6)01%-$%8,%/)51)B),1($>%(?$/6

\%-)&$%8,%23$/6)01%-$%8,%8$(63&$;%f1%$[,')1$%($%4&0@8:'$%31%4$3%483/%80)1%-,1/%106&$

6&,7,)8;%F1%6036%(,/>%4,&%4,&$169:/$>%)8%'$%/$'@8$%23$%8,%&$(9$&(9$%'$1+$%4,&%Q,3//3&$

(01/6)63$%31$%&+B+&$1($%)'40&6,16$%403&%A$17$1)/6$>%4,&%$[$'48$%80&/23$%($83)P()%6|(9$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%Y^V%8FGH1<FID1>%]!>%Br_%o%BrY^;Y^^%Q6+49,1$%=,88,&'+>%B%-)(#,(#9(%)>%)1%I.-'/%+#H-9*.*'-&")+#G"#2&/$#,(#,5)>%*,88)',&-%a%G0+/)$%b>G,&)/>%!ZZ">%4;%!Y^;

Marcelo

!]`

-$%B0&5$&%-$/%6$&'$/%1037$,3[%403&%-+/)51$&%($%23)%1$%/$%4$1/$%4,/%$1(0&$`ZZ>%03%,80&/

4,&($% 23?)8% B,)6% &+B+&$1($% \% ($66$% B,'$3/$% 49&,/$% -$% Q,3//3&$>% -,1/% 8$/% (,9)$&/% -$

4,&,5&,''$/>% (01($&1,16% 8$% 4&0@8:'$% -$% 8,% (01/+(36)7)6+% -,1/% 8$% 8,15,5$>% ($% 23)

(0&&$/401-%\%8,%23$/6)01%-$%8,%8$(63&$>%-$%8,%/010&)6+>%23$%8?01%7)$16%-?+7023$&%M%a%K$/

'06/% /$% /3)7$16%h% )8/% /$% (0'@)1$16% $6% (0'40/$16% -$/% B)53&$/% 1$37$/;% % J()% 7,36

8?0@/$&7,6)01%4&0B01-$%-$%Q,3//3&$%/3&% 8,%(01/+(36)7)6+%(0''$%4&)1()4$%B01-,'$16,8

kD1,5&,''$/%-$%R;%-$%Q;%=$&(;%.$%R&;%]^`X>%4;%!YXm%b`Z];

A$17$1)/6$% 4,&8$% -?%a%31$% &+,8)6+% )1-+B)1)'$16% (&++$% 4,&% 8$% 40:6$% 'e'$>% ,3

'0H$1%-$%/$/%7$&/%b;%J8%$/6%)'40&6,16%-$%&$',&23$&%8$%/038)51$'$16%ka%/$/%7$&/%bm%M%@)$1

/c&% )8% '$6% 8?,(($16% /3&% 8,% /+',16)23$>% 8,% 8,153$% 40+6)23$% 4&04&$% \% (9,23$% 40:6$;

K0''$% )8% 8?+(&)6% -,1/% a%Q+')0805)$% -$% 8,% 8,153$%b% k]^`^m>% a%8?,&6% 1?$/6% C,',)/% )()

23?31$% v37&$% -?,&6% 4,&6)(38):&$%b`Z!% k-2->% (?$/6P\P-)&$% -,1/% 8$% 4&+/$16% -?31$% 3(2'/%(`

52%-'/%(JWVm>%8?,&6%$/6%&+)17$16+%4,&%(9,23$%v37&$%-?,&6%h%,)1/)%,3(31%B0&',8)/'$%1$%4$36

,66$)1-&$% 31$% v37&$% -$% ',1):&$% 4$&6)1$16$;% K$% 23?01% -0)6% $1(0&$% &$',&23$&% (?$/6

/)'48$'$16%8$% B,)6% 23$% A$17$1)/6$% 4,&8$% -3% a%7$&/%b;% S$/% 7$&/% -$% A,3-$8,)&$% /016

-)/6)1(6)7$'$16%)()%7$&/;%S$%9(%)%-$7)$16% 8?31)6+% 8)153)/6)23$%23)%4$&'$6%-$%4$1/$&% 8,

4,&6)(38,&)6+% -?31$% +(&)63&$%h% 8$% 9(%)% 1?$/6% 483/% 6,16% 31$% B0&'$% 7$&/)B)+$>% 23$% 8?31)6+

8)153)/6)23$%23)%-)/6)153$%31$%40+6)23$%-?31$%,36&$;

.?31$%',1):&$%(016)13$%\%($88$P()>%A$17$1)/6$%0440/$%A,3-$8,)&$%\%=,88,&'+>%-3

40)16%-$%73$%-$%8$3&%.%*77*-%(#)57*"'-4/(%03%$&5'-4/(%M

K$%/016%-01(%$1%&+,8)6+%-$3[%,66)63-$/%0440/+$/;F88$/%/$%/+4,&$16%/3&%31%40)16%$//$16)$8%\%'$66&$$1%83'):&$%M%/3&%($%23$%C?,44$88$&,)%8,%5&,'',)&$/+',16)23$%k03%40+6)23$%pm;`ZX

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`ZZ%l03/%7$&&01/%483/%80)1%($/%(01($46/%1037$,3[%23$%A$17$1)/6$%4&0-3)6>%6$8/%)Q7$:%&"-(>%)Q7$:&%-(>)Q7$*':;7(>%5-2*)7(>%5-2*)*"'�`Z]%8FGH1<FID1>%!!>%BrX!%o%Br!^X;`Z!%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;Y^;`Z"%<(2'/%(`52%-'/%(>%(?$/6%8$%(01($46%-?<$1&)%=$/(9011)(%-$43)/%K&/%#3*#$&5'-4/(%$1%]^_Z>%$6%4$36Pe6&$'e'$%,7,16%-,1/%/$/%,&6)(8$/%k%pm;%<;%=$/(9011)(%+(&)6%$1%$BB$6%M%a%l$%4,/%6&,7$&/$&%8?v37&$%403&%H&$(011,{6&$%-$/%31)7$&/,3[%-$%8?)',5)1,)&$>%03%403&%8,%/)63$&%03%8,%4$&-&$%-,1/%31$%/+')0805)$;%J8%/?,5)6-$%8,%3(2'/%(`52%-'/%(%-?31$%v37&$%23)>%/3&6036%80&/23?$88$%,44,&6)$16%\%8,%8)66+&,63&$%'0-$&1$>%80&/23?$88$103/%$/6%4&0(9$%4,&%8$%6$'4/%$6%8,%()7)8)/,6)01>%4$36%\%8,%B0)/>%603&%\%603&>%e6&$%0@C$6%(016$'48+%$6%/3C$6&$7+(3%-$%8,%(&)6)23$>%/,1/%(016&,-)(6)01;%b>%K&/%#3*#$&5'-4/(>%*,88)',&->%G,&)/>%]^_Z>%4;%]V;

Marcelo

!]_

K$66$%.%*77*-%(#)57*"'-4/(%03%$&5'-4/(%1?,%&)$1%\%70)&%,7$(%8,%a%5&,'',)&$%b

$1% 6,16% 23?$1/$'@8$% -$% 10&'$/% &$8,6)7$/% \% 31% )-)0'$;% F88$% (9$&(9$% \% -+(037&)&% 31$

B0&'$%-$%8,15,5$%$6% )1-)//0(),@8$'$16% 8,%B0&'$%-$%7)$%23?$88$%4&0-3)6;%F6%(?$/6%-$%($

40)16%-$%73$%23?01%4$36%(0''$1($&%\%4$1/$&>%9)/60&)23$'$16>%($%23$%A,3-$8,)&$>%43)/

($% 23$%=,88,&'+% 016% &+3//)% \% -+(037&)&>% ($% -016% )8/% /016% 8$/% )17$16$3&/;% K?$/6% ,)1/)

23?01%4$36%(0''$1($&%\%8$/%0440/$&>%\%8$/%)1/(&)&$%-,1/%31$%403&/3)6$%8?31%-$%8?,36&$%M

=,88,&'+%4$3%\%4$3%/$%-+6,(9$%'e'$%-$%($66$%%%%%%%%%%%%%6&,1/40/)6)01>%23)%$/6%$1(0&$%31$%(01($//)01%\%8,

%%&+,8)6+;%%J8%%&+43-)$%%'e'$%%6036$%%,883/)01%%\%%31%%31)7$&/%%23)%%,3&,)6%%23$823$%%&,440&6%\%%8,%%%a%B01(6)01%-$%13'+&,)&$%b>%\%8?a%$'480)%+8+'$16,)&$%%%%-3%-)/(03&/%b%;%%%%S,%7,8$3&%/+',16)23$%-$/%'06/%$/6%%%%,@08)$>%43)/%8$3&%)1-)7)-3,8)6+%'e'$%M%a%8$%%%%%7$&/%23)>%-$%483/)$3&/%70(,@8$/>%&$B,)6%31%'06%%%%%606,8%>%1$3B>%+6&,15$&%\%8,%8,153$%>%$6%(0''$%%%%%)1(,16,60)&$%>%,(9:7$%($6%)/08$'$16%-$%8,%%%%4,&08$%b%%�;%%a%S?v37&$%43&$%)'48)23$%8,%%%%-)/4,&)6)01%+80(360)&$%-3%40:6$%>%23)%(:-$%%%%8?)1)6),6)7$%,3[%'06/>%4,&%8$%9$3&6%-$%8$3&%%%%)1+5,8)6+%'0@)8)/+$/%~()6$&%6036%8$%4,//,5$%-$%8,%%%%.)7,5,6)01%4&$'):&$%%Ä;%%O036%($8,%-$7)$16%%%%4,&B,)6$'$16%(8,)&;%S$%40:6$%&$B3/$%'e'$

%%%%%%%%%8,%%%%%%,3[%'06/%8$3&%7,8$3&%/+',16)23$%23)%%%%%8$/%,((&+-)6$%-,1/%8$%8,15,5$%2306)-)$1`ZY

f1%70)6%-$%1037$,3%8,%23$/6)01%-3%&+,8)/'$%/$%40/$&%)()%h%A$17$1)/6$%$1%0@/$&7$

8,%(&)6)23$%(9$I%A,3-$8,)&$>%43)/%/,% &,-)(,8)/,6)01%(9$I%=,88,&'+;%S$%(9$')1%(&)6)23$

-$%A,3-$8,)&$%$/6%8,%a%6&,1/40/)6)01%b>%8?)1/6)636)01%-?31%2&"'%(`7&",(>%03%/3'%*`7&",(

k($%23)%4$36%$1(0&$%103/%&,44$8$&% 8?/"-9(%)#)(2&",>% 8,%)/$%o7(%%5*3-'5#-016% C$%4,&8,)/

483/%9,36m;%A$17$1)/6$%+(&)6%,)1/)%M

K9$I%A,3-$8,)&$>%,)PC$%-)6>%8?+'06)01%/$(017$&6)6%$1%)',5$/%/$1/)@8$/>%/$%-011$%31/3440&6%/$1/0&)$8>%6&037$%/01%+23)7,8$1($-,1/%8$/%0@C$6/%23)%8,%/3/()6$16%k()$8%10(63&1$m03%-,1/%8$/%'037$'$16/%23)%8,%4&08015$16%k1,5$>48,1$&>%%@,8,1($'$16/m%$6%B)1)6%4,&

%%%%%%%%%%%%%%%%03%%386&,P'01-$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`ZX%8FGH1<FID1>%!!>%Br`_%o%Br"]^;`ZY%8FGH1<FID1>%!!>%Br]X%o%Br!``;

!]V

)1/6)63$&%%31%7+&)6,@8$%%(016&$P'01-$>%23)%/$4&e6$%\%8?)17$16,)&$%$6%\%8,%-$/(&)46)01;`Z`

K9$I%=,88,&'+>%8$%(9$')1%$/6%,4&:/%A,3-$8,)&$%8$%&$B3/%-$%6036$%a%(01($//)01%,3

&+$8%b>%8,%(&)6)23$%$[48)()6+$%-$%8,%&+-3(6)01%-3%8,15,5$%$1%31$%a%B01(6)01%-$%13'+&,)&$

B,()8$%$6%&$4&+/$16,6)7$%b;%8?)17$16)01%-?31$%,36&$%5&,'',)&$%40+6)23$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`Z`%8FGH1<FID1>%!!>%Br]"P]X%o%Br!`YP!``;

!]^

O<!;-2+&5*&/$*6-&)(7+,:5#,-7X&)-72$**-#X&45;,#&b(5+6;(9$76&6%:7,7-X&:$//-&5*&:$2/$2&*$51-(5&-+2)%:,b,45-&[P]

S$%a%/$1/%b%$/6%$1%40+/)$%%8?,-+23,6)01%\%8,%a%&+,8)6+%b23$%8$%40:6$%)1/6)63$>%/,%%&+,8)6+%\%83);%%z3$88$$/6%-01(%8,%1,63&$%-$%($66$%&+,8)6+%/$(01-$%$6%(0''$168?,66$)1-&$%p%`ZV

U1$% /)1538,&)6+% -3% 6&,7,)8% -$%A$17$1)/6$>% ,36,16% -,1/% /,% 40+6)23$% 23$% -,1/% /$/

+63-$/% /3&% 8$/% 8,153$/>% (?$/6% 23?)8% +(&)6% 603C03&/% 31$% 2/3'/%&3&.-(;% U1% -+6,)8% 23)% \

4&$'):&$%73$%/$'@8$&,%/,1/%&,440&6>%(?$/6%8$%B,)6%23?)8%1?H%,%4,/%(9$I%83)%-$%1+0805)/'$>

4,/% -$% /3&$1(9:&$>% 23?)8% 1?+(&)6% $6% 1$% 4$1/$% 4,/% 31$% 8)153)/6)23$% -3% '06>%',)/% 31$

8)153)/6)23$%-3%-)/(03&/;%F6%-$%($%40)16%-$%73$>%)8%1?H%,%4,/%-$%/(9)I$%$16&$%/,%69+0&)$%$6

/,%4&,6)23$%-3%8,15,5$>%$88$/%/$%-+(037&$16%$1/$'@8$;%K0''$%-)6%<$1&)%=$/(9011)(%\

4&040/%-3%40:'$%M%3(#$&;7(#=*-'#2(#4/A-3#,-'+#,-'#2(#4/A-3#=*-';

S?+(&)63&$% -$% A$17$1)/6$% /$% 40/$% -,1/% 31% -),8053$>% $6% 8$% 4&040/$;% z3$% 8?01

&$',&23$% 4,&% $[$'48$% 8,% ',1):&$% -016% ($&6,)1/% 6)6&$/>% 6$8/% 23$% K%&O3;7()# ,(

3-"./-)'-4/(#.5"5%*3(>%03%a%H(% 8,%/3@C$(6)7)6+%-,1/%8$% 8,15,5$%b%-)/$16%$6% )1/6)63$16%($

-),8053$;%S,%4$1/+$%-$%A$17$1)/6$%,5$3*2(%4836w6%23?$88$%1$%,5$*))(%(0''$%4&040/$

-$%8$%4$1/$&%<;%=$/(9011)(%h%$88$%1$%B,)6%4,/%-$%&3463&$>%$88$%403&/3)6%31$%&$(9$&(9$;

G03&%($8,>%8,%-+',&(9$%-$%A$17$1)/6$%$/6%2%-'-4/(;%G03&%($8,%,3//)%$88$%$/6%,1,8H6)23$>

(3863&0805)23$>%4$36Pe6&$%'e'$%9)440(&,6)23$;

S$/% (01($46/% -$% A$17$1)/6$% 1$% /016% 4,/% -$/% 1+0805)/'$/>% ($% /016% 8$/% 6$&'$/

6&,-)6)011$8/% -?31% 23$/6)011$'$16%h% A$17$1)/6$% 8$/% 4$1/$% (0''$% -$/% $%&O3;7()%M% 8$

8,15,5$>%8$%/3C$6>%8?9)/60)&$>%8,%/0()+6+>%8$%(0&4/>%8?+'06)01�%S0&/23?)8%+(&)6>%)8%-+48,($

8,%7,8$3&%-$%($/%6$&'$/%k/,%4$1/+$%$1(0&$%31$%B0)/%$/6%@)$1%31$%4$1/+$%-3%-)/(03&/%$6%-$

8,% 7,8$3&m>% $6% $1% 'e'$% 6$'4/% ($% -+48,($'$16% 40&6$% 8,% (&)6)23$% $6% 8?,1,8H/$% -$% 8,

',1):&$% ,1()$11$% -$% 40/$&% 8$% 4&0@8:'$>% $6% 23)% $/6% \% 4&+/$16% &$1037$8+$;% S0&/23$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`Z_%8FGH1<FID1>%]!>%Br]o%BrY";`ZV%8FGH1<FID1>%!!>%Br]]o%Br!`";

Marcelo

!!Z

A$17$1)/6$%4,&8$%4,&%$[$'48$%-3%a%(0&4/%b%-3%40:6$%03%-$%8?a%+'06)01%b>%($%1?$/6%4,/

403&%+(&)&$%31%/$1/3,8)/'$%03%31$%4/H(90805)$%-$%A,3-$8,)&$>%',)/%31$%40+6)23$%0g%8$

a%(0&4/%b%$/6%31%(0&4/%-,1/%8$%8,15,5$>%$6%0g%8?a%+'06)01%b%1?$/6%4,/%-)//0(),@8$%-?31$

-+(037$&6$% 8)153)/6)23$;% F6% $1% 'e'$% 6$'4/% 23?)8% B,)6% ($% 6&,7,)8% 403&% &$4$1/$&

8?+7)-$1($>%)8%8,%23$/6)011$%1+($//,)&$'$16;%J8%&$1-%(0'46$%-?31%4,&,-)5'$%9,@)63$8%$6

)1(01/()$16%M%8$%40:'$>%8$%(0&4/>%8?+'06)01%h%($%23?31$%(3863&$%,%8?9,@)63-$%-$%4$1/$&;%J8

B,)6%,44,&,{6&$%(0''$16%$16&$%31%8,15,5$%0&-)1,)&$%$6%31%8,15,5$%40+6)23$%01%&$40&6$

8?0440/)6)01%-$%8?)16$88)5)@8$%$6%-3%/$1/)@8$>%$6%($%23$%($%-3,8)/'$%$'4e(9$%-$%4$1/$&>

($%23?)8%)'40/$;

S?0440/)6)01% $16&$% 31% a%8,15,5$% 40+6)23$%b% $6% 31% a%8,15,5$% 0&-)1,)&$%b>% 23$

A$17$1)/6$% &$4&$1-% ,7$(% 8,% -)/6,1($% -?31% 8?,1,8H/6$% -$/% )1/6)636)01/% -$% /,% 4&04&$

(3863&$>%1$%7,%4,/%-$%/0)>%($%/016%-$/%&$4&+/$16,6)01/>%(?$/6%($%23?31%8015%6$&'$%-$%8,

&+B8$[)01%,3&,%+6,@8);

A$17$1)/6$% 4,&8$% -,1/% 8?,7,16P4&040/% -3% Y&2*O/3*-%(# ,()# -")'-'/'-&")# -",&`

(/%&$5(""()% -$% a%/6&3(63&$/% $1B03)$/%b% 23$% 8$% 8)153)/6$% a%4&0-3)6% ,3% C03&%b%4,&

8?,1,8H/$%-$%8?)17$16)01%-$/%)1/6)636)01/%)1-0P$3&04+$11$/;%J8%'$%/$'@8$%)'40&6,16%-$

&,44$8$&%($%4,//,5$>%4,&($%23$%8,%-+',&(9$%-$%A$17$1)/6$%-,1/%/,%40+6)23$%\%4,&6)&%-$

A,3-$8,)&$%1$%/$&,>%/$801%'0)>%4,/%-)BB+&$16$%M

f1%/?$BB0&($%,)1/)%-$%&$/6,3&$&%8$/%$1/$'@8$/%23$%8?+70836)01%,%-)/8023+/>%-$%4&0-3)&$%,3C03&% -$/% /6&3(63&$/% $1B03)$/>% -$% &,'$1$&% \% 8$3&% 4&)1()4$% -?31)6+% 8$/% -)7$&5$1($/% -$/$'480)/% 6$(91)23$/>% $6% $1%'e'$% 6$'4/% -$%'016&$&% (0''$16% 8$/% 8,153$/% &+0&5,1)/$168$3&/%/H/6:'$/%-$%-)/6)1(6)01/%$6%&+107$16%8$3&%,44,&$)8%/+',16)23$;`Z^

J8%$/6%)'40&6,16%-$%&$',&23$&%\%23$8%40)16%($%23$%A$17$1)/6$%6&,7,)88$%\%4$1/$&

$1%4,&8,16%-$%a%/6&3(63&$/%$1B03)$/%b%03%-$%a%4&)1()4$%-?31)6+%b%$/6%6036%\%B,)6%-)BB+&$16

-?31%31)7$&/,8)/'$%31)B0&')/,6$3&%(0''$%($83)%-3%/6&3(63&,8)/'$>%23?)8%/?,5)//$%-$%8,

a%/6&3(63&$%)1(01/()$16$%b%-$%K8,3-$%S+7)PQ6&,3//>%03%-$%8,%,(($#)'%/2'/%(%ka%/6&3(63&$

4&0B01-$%bm%-$%l0,'%K90'/dH%k23)%403&/3)6% 8$%4&0C$6%-$%5&,'',)&$%-$%G0&6%L0H,8m;

S$/%$[4&$//)01/%/$'@8$16%+23)7,8$16$/>%',)/%6036%8$/%/+4,&$;%S0&/23$%l0,'%K90'/dH

4,&8$% -$% a%/6&3(63&$% 4&0B01-$%b% (?$/6% 31%'0-:8$% 606,8)/,16% \% 230)% 6036$% 8,153$>% 6036$

49&,/$%-0)7$16%/$%&+-3)&$;%K?$/6%8,%&+-3(6)01%-$%8,%4$1/+$%93',)1$%$1%31%'0-:8$%B)1)

(,4,@8$%-?$1580@$&%6036% 8$%&+,8)/+%$6% 8$%&+,8)/,@8$>% 6036% 8$%7)7,16%$6% 8$%7)7,@8$>%'0-:8$

23$% K90'/dH% -+-3)6% -,1/% 31$% 8,153$% 4,&6)(38):&$>% $6% ,7$(% 8$/% (,6+50&)$/% -$% ($66$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`Z^%F')8$%A$17$1)/6$>%<(#Y&2*O/3*-%(#,()#-")'-'/'-&")#-",&`(/%&$5(""()+#L>%=)13)6>%G,&)/>%]^`^>%4;%^P]Z;

Marcelo
Marcelo

!!]

8,153$>% 403&% 8,% 4&0C$6$&% $1% 31% 31)7$&/$8;% S$% 4&0C$6% -$% 8,% 5&,'',)&$% 31)7$&/$88$% -$

K90'/dH>% 230)23$% ($&6,)1$'$16% 93',1)/6$% -,1/% /01% )16$16)01>% B,)6% 8$% (90)[% -?31

&+,8)/'$>%23,1-%\%8?)17$&/$%A$17$1)/6$>%40/,16%8$%4&0C$6%-?31$%(3863&0805)$>%(9$&(9$%\

-+(037&)&% (0''$16% 8,% 7)$% /?)17$16$% -$% ',1):&$% 0&)5)1,8$% \% (9,23$% )1/6,16>% $6% 1?$/6

C,',)/% &+-3(6)@8$% \% 31% '0-:8$% 31)B0&')/,6$3&;% i0)()% 31% 4,//,5$% -$% B*%'()-*"

<-"./-)'-2)%403&%,4$&($70)&%($66$%-)BB+&$1($%M

R:(# ,(($# )'%/2'/%(# ':*'# (N$%())()# ':(# 7(*"-".# -)# 2&77&"# '&# *33# 3*"./*.()+# )&# -'# -)23*-7(,+#O(-".#*# )-7$3(# %(=3(2'-&"#&=# ':(# =&%7)#&=# ':&/.:'0#R:(# '%*")=&%7*'-&"*3# %/3()':*'# 2&"9(%'# ,(($# '&# )/%=*2(# )'%/2'/%(# 7*Q# ,-==(%# =%&7# 3*"./*.(# '&# 3*"./*.(;`]Z% ~#$6&,-3)/%MÄ%S,%/6&3(63&$%4&0B01-$%23)%$[4&)'$%8$%/$1/%$/6%(0''31$%\% 6036$/% 8$/% 8,153$/>,)1/)% ,BB)&'$P6P01>% +6,16% 31% /)'48$% &$B8$6% -$/% B0&'$/% -$% 4$1/+$;% S$/% &:58$/6&,1/B0&',6)011$88$/% 23)% (017$&6)//$16% 8,% /6&3(63&$% 4&0B01-$% $1% /6&3(63&$% -$% /3&B,($4$37$16%-)BB+&$&%-$%8,153$%\%8,153$;`]]

S$/%)'%/2'/%()#("=&/-()%-016%4,&8$%A$17$1)/6$%/016%-$%8?0&-&$%-?31%-"2&")2-("'>

-?31%(016)13>%-?31%4&0C$6;%K?$/6%($%23)%/$%403&/3)6% k4$36Pe6&$%/,1/%23?01%$1%,)6% )-+$m>

(0''$%31%($&6,)1%)("'-7("'#,(#3*#3*"./(>%($%23)%B$&,%4,&%$[$'48$%23$%-$/%8,153$/%-$

8,%B,')88$%)1-0P$3&04+$11$%-+7$8044$&016%31$%/0836)01%/)')8,)&$%\%31%'e'$%4&0@8:'$;

A$17$1)/6$% 106$% ,)1/)% -,1/% a%sF6&$t% $6% s,70)&t% -,1/% 8$3&% B01(6)01% 8)153)/6)23$%b>% \

4&040/% -$% 8,% B01(6)01% 4&+-)(,6)7$>% 23$% 8$% 4&010'% -$% 8,% "$% 4$&/011$% &$'48)&,% 8,

a%B01(6)01%-?31$%(0438$%$1% B)1%-$%49&,/$%b`]!%$1%/05-)$1>%$1%4,é60%$6%$1%0//:6$>%($66$

/0836)01%,H,16%+6+%,)1/)%4,&$)88$'$16%-+7$8044+$%-,1/%($/%8,153$/%)&,1)$11$/%/,1/%23?)8

H%,)6%-$%1+($//)6+%\%($8,;%A$17$1)/6$%+(&)6%M%a%i0)8\%-01(% 6&0)/% 8,153$/% )&,1)$11$/%23)

/016% ,&&)7+$/>% 4,&% 31$% +70836)01% /4016,1+$>% )1-+4$1-,''$16% 8?31$% -$% 8?,36&$>% \% 8,

'e'$% /6&3(63&$% /H16,[)23$>% -?,44,&$1($% /)% 4$3% )1-0P$3&04+$11$>% 23)% /?$/6% B)[+$% 4,&

,)88$3&/% $1% /+')6)23$% $6% $1% 63&(%b`]";% A$17$1)/6$% -011$% \% 4$1/$&% 8?,(6)7)6+% -?31

)1(01/()$16%8)153)/6)23$>%8$%(016&,)&$%-?31$%B,6,8)6+;

.,1/%<(# Y&2*O/3*-%(# ,()# -")'-'/'-&")# -",&`(/%&$5(""()>% A$17$1)/6$% 6|(9$% -$

B,)&$%,BB8$3&$&%($6%)1(01/()$16>%($66$%(016)13)6+%$6%$1%'e'$%6$'4/%-?0@/$&7$&%8,%',1):&$

(9,23$%B0)/%0&)5)1,8$%-016%a%8$/%8,153$/%&+0&5,1)/$16%8$3&/%/H/6:'$/%-$%-)/6)1(6)01/%$6%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`]Z%l0,'%K90'/dH>%B*%'()-*"#<-"./-)'-2)#6#F#B:*$'(%#-"#':(#[-)'&%Q#&=#D*'-&"*3-)'#R:&/.:'>%<,&4$&%,1-L0E>%l$E%Ñ0&d%,1-%S01-01>%]^``>%4;%"Y`]]%i0)()%8,%6&,-3(6)01%-$%8?+-)6)01%B&,1T,)/$%4,&%l;%.$8,10à%$6%.;%Q4$&@$&%M%a%S,%/6&3(63&$%4&0B01-$>%23)$[4&)'$%8$%/$1/>%$/6%É%,BB)&'$P6P01%É%(0''31$%\%6036$/%8$/%8,153$/>%(,&%$88$%1?$/6%23$%8$%&$B8$6%-$/%B0&'$/-$%8,%4$1/+$;%S$/%&:58$/%6&,1/B0&',6)011$88$/%23)%(017$&6)//$16%8,%/6&3(63&$%4&0B01-$%$1%/6&3(63&$%-$/3&B,($%4$37$16%e6&$%-)BB+&$16$/%-n31$%8,153$%\%8?,36&$%b;%l0,'%K90'/dH>%<*#3-"./-)'-4/(#2*%'5)-(""(>6&,-3)6%-$%8?,158,)/%4,&%l;%.$8,10à%$6%.;%Q4$&@$&%k8?0&)5)1,8%-,6$%-$%]^``m>%Q$3)8>%G,&)/>%]^`^>%4;%`X;`]!%F')8$%A$17$1)/6$>%a%sF6&$t%$6%s,70)&t%-,1/%8$3&%B01(6)01%8)153)/6)23$%b%k]^`Zm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%]^];

Marcelo

!!!

&+107$16%8$3&%,44,&$)8%/+',16)23$%b;%J8%6)$16%,)1/)%$1$'@8$%8,%-)'$1/)01%-?31%4&+/$16%$6

($88$%-?31$%(016)13)6+%9)/60&)23$>%31$%a%/H1(9&01)$%b%)1/+4,&,@8$%-?31$%a%-),(9&01)$%b>

403&%&$4&$1-&$%8$/%6$&'$/%-$%8,%6$&')10805)$%/,3//3&)$11$;

S$%4&0C$6%-?31$%(3863&0805)$%$/6%8$%4&0C$6%23$%A$17$1)/6$%,%'$1+%-3&,16%6036$%/,

7)$;%K$66$%(3863&0805)$%6&,7,)88$%\%B,)&$%8?,1,8H/$%-$%8,%',1):&$%-016%8$%8,15,5$%0&5,1)/$

31% '01-$% -$% ',1):&$% (9,23$% B0)/% 4,&6)(38):&$;% K?$/6% 8,% -+',&(9$% 23)% -+(038$% -3

4&)1()4$%-?31$%)57-&3&.-(#,(#3*#3*"./(>%0g%8,%8,153$%$/6%8?)16$&4&+6,16%-$%8,%/0()+6+;%f1

70)6%(0''$%8,%B0&'38,6)01%a%8,%8,153$%-$%A,3-$8,)&$%b%-+C\%$/6%(3863&0805)23$;

A$17$1)/6$%+6,@8)6%,)1/)%$1%]^`V>%-,1/%/01%$16&$6)$1%,7$(%G)$&&$%.,)[>%8$%4&0C$6

-?31$%2/3'/%&3&.-(#M

~S,% 8)153)/6)23$Ä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`]X

S$%4&0C$6%-?31$%(3863&0805)$%&$40/$%/3&%8?)-+$%23$%8,%8,153$%4&0-3)6%8,%/0()+6+%É

a%103/% /0''$/%,7$(% 8,% 8,153$%,3% B01-$'$16%-$% 6036$%7)$% -$% &$8,6)01%b;%Q)% 8,% 8,153$

4&0-3)6% 8,% /0()+6+>% ,80&/% 8,% a%/0()+6+%b% 1?$/6% 483/% 31$% $16)6+% ,@/6&,)6$>% ',)/% 31$

-H1,')23$%-$%4&0-3(6)01%-$%8,%/0()+6+;%S$%6$&'$%-$%a%&$8,6)01%b%1$66$'$16%,(($163+%)()

$1% 6036$% B)1% -$% 49&,/$>% B,)6% ,44,&,{6&$% 23?01% 1$% 6&037$% 4,/% ,36&$'$16% 8,% a%7)$%b% 23$

(0''$% a%7)$% -$% &$8,6)01%b>% 31% B01(6)011$'$16% k,3% /$1/% -$% Q,3//3&$m>% 31$% ,(6)7)6+

)'4&+-)(6)@8$% $6% )1B)1)$;%S$% 6$&'$%-$% a%&$8,6)01%b% -$7)$16% )()% 31% 6$&'$% 8)153)/6)23$% $6

(,&,(6+&)/,16%23$823$%(90/$%-$% /4+()B)23$'$16%93',)1>% )8% $/6% /H101H'$%-$%,-*3&./(;

S,% ',1):&$% -016% A$17$1)/6$% &$-+B)1)6% 8,% 7)$% 93',)1$% (0''$% a%7)$% -$% &$8,6)01%b

&,44$88$%8,%-)/6)1(6)01%23?)8%+6,@8)6%$16&$%a%-$3[%'0-:8$/%8)153)/6)23$/%-$%8,%()6+%b>%,7$(

-?31%(w6+%8,%$&3-)%5&$(23$>%23)%40/$%8,%/0()+6+%(0''$%31%6036%$6%8?)1-)7)-3%(0''$%31$

4,&6)$>%$6%8,%2-9-'*)%8,6)1$%23)%$/6%8?)1/6)636)01%-?31%B01(6)011$'$16%-$%8,%/0()+6+%(0''$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`]"%IO-,;>%4;%]^!;`]X%KB>%a%Q6&3(63&,8)/'$%$6%8)153)/6)23$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%!`;

Marcelo

!!"

(01()60H$11$6+%M% a%f1% $/6% 8$% 2-9-)% -?31% ,36&$% ()7)/% ,7,16% -?e6&$% 2-9-)% -?31$% ($&6,)1$

7)88$%b%`]Y;%J()%(?$/6%8,%&$8,6)01%23)%4&0-3)6%8,%/0()+6+;

F1% ]^`"% -,1/% a%K034% -?v)8% /3&% 8$% -+7$8044$'$16% -$% 8,% 8)153)/6)23$%b>

A$17$1)/6$% +(&)6% É% a%#?,44$88$% (3863&$% 8$% 7-3-(/# :/7*-">% 6036% ($% 23)>% 4,&P-$8\

8?,((0'48)//$'$16%-$/% B01(6)01/%@)0805)23$/>% -011$% \% 8,% 7)$% $6% \% 8?,(6)7)6+% 93',)1$/

B0&'$>% /$1/% $6% (016$13%b`]`;% #$% -)/,)/% 483/% 9,36% 23$% 8?$[4&$//)01% -?31%7-3-(/# :/7*-"

-+48,T,)6%8,%106)01%-$%7-3-(/%-?31$%@)0805)$%\%31$%,169&040805)$%M%8?90''$%7)6%-,1/%8,

(3863&$;%=,)/%($%23?01%&$',&23$%,3//)%-,1/%($66$%49&,/$>%(?$/6%23$%A$17$1)/6$%-+B)1)6

8,%(3863&$%4,&%-$/%23,8)6+/%4&04&$'$16%8)153)/6)23$/%M%=&%7(+#)(")#('#2&"'("/;%S,%8,153$

$/6%8?)16$&4&+6,16%-$%8,%(3863&$;

G03&%A$17$1)/6$%8,%8)153)/6)23$%1?$/6%4,/%31$%a%/()$1($%4)806$%b%-,1/%8$%/$1/%0g

8$/%,36&$/%/()$1($/%-$7&,)$16%(,823$&%/3&%$88$%8$3&%'+690-$>%',)/%$88$%$/6%8?$[$&()($%-?31

40)16%-$%73$%4,&6)(38)$&%23)%4$&'$6%-$%4,&8$&%-$%8?90''$>%23)%4$&'$6%8?+(&)63&$%-?31$

(3863&0805)$;% F6% ($()% )8% 8$% -)/,)6% -$%',1):&$% 1$66$% $1% +(&)7,16% $1% ]^YV% -,1/% a%.$% 8,

/3@C$(6)7)6+%-,1/% 8$% 8,15,5$%b%M%a%K?$/6%31%90''$%4,&8,16%23$%103/% 6&03701/%-,1/% 8$

'01-$>% 31% 90''$% 4,&8,16% \% 31% ,36&$% 90''$>% $6% 8$% 8,15,5$% $1/$)51$% 8,% -+B)1)6)01

'e'$%-$%8?90''$%b`]_;

F1B)1>% 80&/23$% A$17$1)/6$% +(&)6% 23$% a%103/% /0''$/% ,7$(% 8,% 8,153$% ,3

B01-$'$16%-$% 6036$%7)$%-$%&$8,6)01%b>%01%-0)6%$1(0&$%$16$1-&$%($%"&/)%$6%/01%4&+/$16>

a%103/%/0''$/%b%É%(,&%101%/$38$'$16%A$17$1)/6$%4,&8$%-$%8,%(3863&$%(0''$%($%23?31$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`]Y%a%D)1/)%-+B)1)%-,1/%/$/%$'480)/%(016$[63$8/>%2-9-)%8?$/6%,3//)%4,&%8,%&$8,6)01%4,&,-)5',6)23$%0g%)8/?0440/$%\%:&)'-);%S$%(0348$%2-9-)o:&)'-)%$/6%@)$1%(0'48+'$16,)&$%-,1/%($66$%&$4&+/$16,6)01%0g%8,%7,8$3&/?,BB)&'$%603C03&/%'363$88$;%~�Ä%U1%:&)'-)%,%$1%B,($%-$%83)%31%:&)'-)%h%31%2-9-)%$/6%6$8%403&%31%,36&$%2-9-);S,%23$/6)01%$/6%603C03&/%:&)'-)"(#*"#2-9-)%kO&)1;%]Z!m;%K$%/016%-$3[%6$&'$/%408,)&$/>%8?31%$6%8?,36&$'363$8/%M%F50%$/6%:&)'-)%\%8?+5,&-%-?31%:&)'-)%h%)8%$/6%4,&$)88$'$16%2-9-)%\%8?+5,&-%-?31%2-9-);%J8%1?H%,%-01(4,/%-$%2-9-)%90&/%-$%($66$%-+4$1-,1($%&+()4&023$;%f1%$/6%8$%2-9-)%-?31%,36&$%()7)/%,7,16%-?e6&$%2-9-)%-?31$($&6,)1$%7)88$;%b%kF')8$%A$17$1)/6$>%a%.$3[%'0-:8$/%8)153)/6)23$/%-$%8,%()6+%b%k]^_Zm>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+#P>%4;%!_`;%.,1/%8$%'e'$%/$1/%01%4$36%()6$&%8,%-+B)1)6)01%23$%A$17$1)/6$%-011$%-$8,%a%(0''31,36+%b%-,1/%/01%,&6)(8$%a%.01%$6%+(9,15$%-,1/%8$%70(,@38,)&$%)1-0P$3&04+$1%b%M%a%S?31)6+-$/%/$1/%-$%7/"/)%/$%6&037$%-,1/%8,%106)01%-$%-$70)&%&$1-3>%-$%/$&7)($%,((0'48)>%$6%($88$P()%'e'$%/$&,':1$%\%($%23$%R$/63/%-+B)1)6%(0''$%31%,&"/7#4/&,#&==-2--#2*/)*#,*'/%;%F1%,(($46,16%31%7/"/)>%01(016&,(6$%31$%0@8)5,6)01%-$%/?,(23)66$&%\%6)6&$%43@8)(%4,&%31$%-)/6&)@36)01%-$%B,7$3&/%03%-$%4&)7)8:5$/%034,&%-$/%C$3[%0BB$&6/>%$6(;%S$%'06%$1B$&'$%8,%-03@8$%7,8$3&%-$%(9,&5$%(01B+&+$%(0''$%31$%-)/6)1(6)01%$6-$%-01,6)01/%)'40/+$/%$1%&$603&;%S\%$/6%8$%B01-$'$16%-$%8,%a%(0''31,36+%b>%43)/23$%2&77/"-)%/)51)B)$8)66+&,8$'$16%a%23)%4&$1-%4,&6%,3[%7/"-*%03%7/"(%*%b%h%(9,23$%'$'@&$%-3%5&034$%$/6%,/6&$)16%\%&$1-&$-,1/%8,%'$/3&$%'e'$%0g%)8%&$T0)6;%K9,&5$/%$6%4&)7)8:5$/%/016%8$/%-$3[%B,($/%-$%8,%'e'$%(90/$>%$6%($66$,86$&1,1($%(01/6)63$%8,%(0''31,36+%b>%%a%.01%$6%+(9,15$%-,1/%8$%70(,@38,)&$%)1-0P$3&04+$1%b>%]^Y]k<A*""5(#)&2-&3&.-4/(m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%"!!;`]`%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%a%%k]^`"m>%-"#K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4%;%"Z;`]_%F')8$%A$17$1)/6$>%a%.$%8,%/3@C$(6)7)6+%-,1/%8$%8,15,5$%b%k]^YVm>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!Y^;

Marcelo

!!X

7)$%-$%&$8,6)01%$15,5$>%',)/%$1%'e'$%6$'4/%)8%103/%)'48)23$%-,1/%($66$%4$&/4$(6)7$%É

%(016)1c'$16% "&/)% 23)% 7)701/% 106&$% 4&+/$16>% $6% "&/)% 8$/% ,1,8H/6$/% 9)/60&)$1/% -$% 8,

(3863&$;

J8% '$% /$'@8$% $//$16)$8% -$% B,)&$% 8$% &,44$8% -$% 6036% ($8,% ,B)1% -?$17)/,5$&% 8,

40+6)23$% -$% A$17$1)/6$% ,3//)% (0''$% 31$% (3863&0805)$;% A$17$1)/6$% 6&,7,)88$% /3&% 3*

3*"./(# ,(# 8*/,(3*-%(>% /3&% 8,% 8,153$% 40+6)23$% ,7$(% ($66$% -)/6,1($% ,1,8H6)23$

23?)'48)23$%31$% (3863&0805)$;%.$% ($%40)16%-$% 73$% )8% 1?H% ,% 4,/% -$% -)BB+&$1($% $16&$% 8$

4&0C$6% -3%Y&2*O/3*-%(# ,()# -")'-'/'-&")# -",&`(/%&$5(""()% $6% 8$% 4&0C$6% -$% /,% 40+6)23$;

K0''$% )8% 8?+(&)7,)6% -,1/% 8?,7,16P4&040/% -3% Y&2*O/3*-%(# ,()# -")'-'/'-&")# -",&`

(/%&$5(""()#M% a%S$% 6$&'$% -?)1/6)636)01% $/6% \% $16$1-&$% )()% -,1/% 31% /$1/% +6$1-3%M% 101

/$38$'$16% 8$/% )1/6)636)01/% (8,//)23$/% -3% -&0)6>% -3% 5037$&1$'$16>% -$% 8,% &$8)5)01>%',)/

,3//)%($88$/>%'0)1/%,44,&$16$/>%23)%/$%-$//)1$16%-,1/%8$/%6$(91)23$/>%8$/%'0-$/%-$%7)$>

8$/%&,440&6/%/0(),3[>%8$/%4&0(:/%-$%4,&08$%$6%-$%4$1/+$;%K?$/6%31$%',6):&$%4&04&$'$16

)88)')6+$>% 8$% @36% -$%106&$% +63-$% +6,16% 4&+()/+'$16% -?+(8,)&$&% 8,% 5$1:/$%-3%70(,@38,)&$

23)% /?H% &,440&6$%b`]V;% S$/% a%4&0(:/% -$% 4,&08$% $6% -$% 4$1/+$%b% 23?01% ,3&,)6% 43% 4&$1-&$

403&% -$/% 31)7$&/,3[>% -$7)$11$16% (9$I% A$17$1)/6$% -$/% -")'-'/'-&")>% (?$/6P\P-)&$% -$/

(01/6&3(6)01/% 9)/60&)23$/>% -$/% &$4&+/$16,6)01/;%K*%3(%% $6% $(")(%>% 1$% 7016% 4,/% -$% /0);

D)1/)>% -$% ($66$% 'e'$%',1):&$>% A$17$1)/6$% /?)16+&$//$% \% 8,% ',1):&$% -016% A,3-$8,)&$

&$1037$88$% $1/$'@8$% 8?)1/6)636)01% -?31% 70)&>% -?31% -)&$% k31$% .%*77*-%(# $&5'-4/(m>% )8

/?)16+&$//$%\%8,%6$1/)01%$16&$%31$%6&,-)6)01%$6%/,%(&)6)23$%4,&%8$%40:'$>%)8%0@/$&7$%($66$

6&,-)6)01%/$%(016)13$&%C3/23?\%103/%$6%8,%(&)6)23$%-$%A,3-$8,)&$%e6&$%603C03&/%,(63$88$>%8,

1w6&$;% l03/% 7$&&01/% 483/% 80)1% (0''$16% A$17$1)/6$% &+B8+(9)6% \% 4&040/% -$% ($66$

$%*.7*'-4/(%4,&6)(38):&$%,3%40:'$>%(?$/6%\%-)&$%\%/01%,(6)7)6+>%\%31%=*-%(%23?)8%-)/6)153$

-$%8,%4&,5',6)23$%-3%8,15,5$%0&-)1,)&$;

S,%4$&/4$(6)7$%-?31$%(3863&0805)$%,44,&,{6%-,1/%8$/%',13/(&)6/%-$%40+6)23$%4,&

$[$'48$% \% 6&,7$&/% 8$/% 10'@&$3/$/% 8)/6$/% 23$% A$17$1)/6$% 4&0-3)6>% $6% 23)% 403&&,)$16

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`]V%F')8$%A$17$1)/6$>%<(#Y&2*O/3*-%(#,()#-")'-'/'-&")#-",&`(/%&$5(""()+#L>%=)13)6>%G,&)/>%]^`^>%4;^;.,1/%8$%'e'$%/$1/>%A$17$1)/6$%+(&)6>%603C03&/%-,1/%8?,7,16P4&040/%-3%Y&2*O/3*-%(%M%.,1/%8$Y&2*O/3*-%(#,()#-")'-'/'-&")#-",&`(/%&$5(""()>%A$17$1)/6$%+(&)6%$1(0&$%M%a%K?$/6%$16&$%($/%-$3[%4w8$/23$%/$%'$36%8$%(0'4,&,6)/6$%$6%/01%$BB0&6%7)/$%4&+()/+'$16%\%-)/6)153$&%8$/%(01/$&7,6)01/%$6%8$/)1107,6)01/>%\%&$1-&$%(0'46$%-$/%)-$16)6+/%$6%,3//)%@)$1%-$/%-)/(0&-,1($/%b%k4;Vm>%03%$1(0&$%M%a%K?$/6-01(%31%+7+1$'$16%580@,8%$6%)''$1/$%23$%103/%/,)/)//01/%-,1/%/01%$1/$'@8$%4,&($%23?)8%/$%-+(0'40/$,3%8015%-$/%/):(8$/%$1%31$%/+&)$%-?9)/60)&$/%-)/6)1(6$/%-016%(9,(31$%$/6%($88$%-?31$%8,153$%4,&6)(38):&$%bk4;_m;

!!Y

&,44$8$&%/$/%(,&1$6/%-?$123e6$%-?J&,1>%-?DB59,1)/6,1>%03%-?D8,/d,;%K$/% 8)/6$/%/016% 8$/

-011+$/% -?31% 6&,7,)8% -?,1,8H/$% \% 4&040/% -?31$% 8,153$% 4,&6)(38):&$>% 8,% a%8,153$% -$

A,3-$8,)&$%b>%8,%',1):&$%-016%$88$%(01/6&3)6%31$%7)/)01;%K)601/%4,&%$[$'48$%($66$%8)/6$%\

4&040/%-$/%a%7$&@$/% 6&,1/)6)B/P,(6)B/%,7$(%-$/% /3C$6/% )1,1)'+/%b>%23)%1?$/6%4,/% C3/6$% 8$

&$8$7+% -?31$% /6&3(63&$>% ',)/% 8,% -+(037$&6$% -?31$% =&%7(`)(")>% -?31$% 0&)5)1,8)6+% -$% 8,

8,153$% -$% A,3-$8,)&$>% 23)% 4,&6)()4$% \% /01% )17$16)01% -$% 7)/)01%h% 8?,1)',6)01% -?31

31)7$&/>%0g%)8%1?H%,%4,/%-?0@C$6/>%',)/%23$%-$/%/3C$6/>% 8,%(&)6)23$%-?31$%&$4&+/$16,6)01

&+,8)/6$%-3%'01-$%M

S$/%7$&@$/%/016%6&,1/)6)B/P,(6)B/%%%,7$(%-$/%/3C$6%)1,1)'+/-$/%4,&($88$/%-?0&%+60)8$16%%8$3&/%4&31$88$/ Y_%+60)8,16%-$%&$B8$6/%%%%-016%8$%&$5,&-%6?,%&$B8$3&)% %%%%%%%%%%%%%%%%S$%6$'4/%',15$%8,%7)$%%%%%%%%%8$3&%4$,3%B8$3&)&,%8?,&)-)6+%-$/%&01($/% %%%%=,)16$%B8$3&%+4,1(9$%/01%%%%%%%%%%%%%%,B)1%-?+6$&1)/$&%8?,&-$3&%-$%106&$% 4,&B3'%%%%%%%%%8$%/037$1)&%',//)B%8,%(03&011$;%%-$/%B0&e6/%-$%/H'@08$/%23)%8?0@/$&7$16%%%8$%(,3(9$',&�%8?,P6P)8%10H+$%(B%,3//)>%'01%-+/)&%1,5$&,%/3&%6$/%B8$3&/%kV"m]!%%8$3&/%5&,1-/%4)8)$&/%&$1-,)$16%4,&$)8/]!%%8$%/$(&$6%23)%$&&$%B,)/,)6%8,153)&]_%%-$%43&/%')&0)&/%23)%B016%6036$/%(90/$/%483/%@$88$/!]%%601%&$5,&-%7$&/$%(01B3/+'$16??%%%23)%B016%8$%9+&0/%8|(9$!]%%,%k8$/%@)C03[m%%%8$%B0H$&%)883')1,)6%%>%%)8%)101-,)6%-$%/,15%%%%%k044;%!"%6&$//$/%/0H$I%8,%9038$%23)%'?$18:7$m!Y%%S,%5&,1-$3&%-$%($%',8%%%1$%6?,%4,/%B,)6%&$(38$&!V%%%31%()$8%23)%4,&/:'$%-?+60)8$/%'01%(v3&;"Y&%%%8$3&/%,&'$/%016%+(8,@03//+%8?,)&?? %%8$3&%4$,3%B8$3&)&,%%%8?,&)-)6+%-$/%&01($/%%%%%%%%%%%,B)1%-?+6$&1)/$&%%%8?,&-$3&(B;%,3//)%"X%31%,)&%/3@6)8%1,5$%,3603&%-$%/01%(0&4/%%%%%%%%%%%%%%X"%%%%)8/%',&(9$16%/$(03,16%-,1/%'$/%H$3[%8$3&/%B$3[%%%%%%%%%%%%%%X^%%%%8$%6$&&)@8$%4&0-)5$%23)%48015$%$6%8,%&038$`]^

i0)()% 31% /$(01-% $[$'48$% -$% 8)/6$>% 31% -$/% &$8$7+/% 23)% B,)6% 8$% &$4+&,5$% $6

8?,1,8H/$% -$% 8,% 7,8$3&% -$/% 6$'4/% 7$&@,3[% É% a%S?$'480)% -$/% 6$'4/% (9$I%A,3-$8,)&$%b

k8FGH1<FID1>%]_>%Br!"m%É%-,1/%603/%8$/%40:'$/%-$/%T3(/%)#,/#7*3>%-$/%K('-')#$&;7()

("#$%&)(>%$6%-,1/%8$/%40+/)$/%-$%=,88,&'+;%K$%&$8$7+%6&,7,)88$%\%-+(037&)&>%4,&%8,%')/$

,3% C03&% -?31$% )17$16)01% -$% 8,% 7,8$3&% -$/% 6$'4/>% 8,% ',1):&$% -016% /?)17$16$

9)/60&)23$'$16>%(9$I%A,3-$8,)&$>%31$%7)/)01>%31$%&+,8)6+%M

%%WWWJ,%%%%S$%S+69+%%;%O$[6$%)'40&6,16%%%%%%%%%%%a%#$%7$3[%48015$&%�%$1/$7$8)&

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`]^%8FGH1<FID1>%]X>%Br]"%o%Br^!;

!!`

%%%%%%%%%%%%%#$%7$3[%-0&')&%%%%%%%%%%%%%%%%%%%%%%#?+6,8$&,)%�%C?0@+)&,)%�%C$%/3($&,)

WWWJJ%%%%#?+6,)/%�%C$%'$%4&)/%�%'$%&$4&+/$16,)

WWWJJJ%%%%R363&%%%%%%M%%80&/23$%63%-0&')&,/%�%%%%%%%%%%%%%%%%%%%%%%6036%$16)$&%,3%B363&

WWWJi%%S$%(9,6;%%%%%O6%$16)$&%,3%4&+/$16%-?+70(,6)01a%23,1-%C$%(,&$//$%�%>%C$%70)/%�%b

WWWi%%%%%%%%%%%%.3$883';%%%%%%%=+&)6$%8?,1,8H/$%%%%%GB;%%%,7$(%580/$%,3%4&+/$16%%%%%%a%$6%8$3&%4$,3%B8$3&)&,%�%b%%%%%%%%a%,B)1%-?+6$&1)/$&%b;%%%i0)8\%8,%(8$B%M%%%%%8$%B363&%+6$&1)/$

WWWiJ%%%%%%%S$%@,8(01%M%a%63%6$%&,44$88$&,/%�%b%/3)7)%%%%%%%%%%%%%%%%%%%%%%-?)'4,&B,)6/%%%%%;%$6%a%103/%,701/%-)6%b%%%%%%%%%%%%%%%%%%%%a%C$%/,)/%8?,&6%-?+7023$&%b%%%%%%%%%%%%%%%%%%%%%$6%B)1,8$%a%%($/%/$&'$16/%&$1,{6&016P)8/%b%%%%%%%%%%%%%%%%%%%%%%%%\%,1,8H/$&%,3//)`!Z

G03&% A$17$1)/6$>% +(&)&$% 31$% 40+6)23$% -$% A,3-$8,)&$>% (?$/6% ,3//)% $1% +(&)&$% 8,

(3863&0805)$;% f1% 403&&,)6% ,3//)% -)&$% (0''$% C$% 8?)1-)23,)/% 483/% 9,36>% 8,

'+6,/+',16)23$`!];% K$/% 6$&'$/>% 40+6)23$>% (3863&0805)$>% '+6,/+',16)23$% )()% 1$% /$

-)/6)153$16%4,/;%f1%4$36%-)&$%23?31$%40+6)23$%)'48)23$%31$%(3863&0805)$>%4,&($%23?$88$

/?)16+&$//$% \% 8,% 7)$>% \% 8,% 7,8$3&>% 4,&($% 23?$88$% $/6% 9)/60&)$11$% k-?31$% ,169&040805)$

9)/60&)23$%-3%8,15,5$m%h%$6%-$%8,%'e'$%',1):&$%31$%40+6)23$%$/6%31$%'+6,/+',16)23$

(,&% $88$% ,% 8$% /$1/% -$% /01% 4&04&$% &$5,&->% 8$% /$1/% -3% 4&+/$16>% -$% 8?9)/60&)()6+;% J8% $/6

)16+&$//,16%-$%&$',&23$&%23$%A$17$1)/6$%4,&8$%-?,44&0(9$&%8,%40+/)$%(0''$%31%'01-$

4,&6)(38)$&>% 31% (0/'0/% 1037$,3%M% a%K?$/6% 31%'01-$% 4,&6)(38)$&>% 4$&/011$8>% 23?)8% B,36

-?,@0&-% -+(&)&$>% (0''$% 31% (0/'0/% 1037$,3% $6% /4+()B)23$%b`!!;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`!Z%8FGH1<FID1>%]_>%Br!_%o%Br]XV;`!]%#$%&$170)$%\%($%23$%C$%-)/,)/%483/%9,36%-3%4&0C$6%-?31$%a%'+6,/+',16)23$%b%23?+101($%A$17$1)/6$%\%8,B)1%-$%a%Q+')0805)$%-$%8,%8,153$%b;%KB;%4;%`%/7;>%]Y"%/7;`!!%8FGH1<FID1>%]!>%Br]o%BrY";

Marcelo

!!_

V<'(&)$%2,-&-2+&5*-&#(*G5-&%/$,"%('"(&d&#(&#(*G5-<&.##--2+&.#/)&#-&#(*G(G-&$76,*(,7-<

i)7&$%8$%8,15,5$O036%$/6%8\%M%-,1/%8$%8,15,5$%,//3'+%$6%7+(3%(0''$$[4+&)$1($%93',)1$>%&)$1%1n,%483/%8$%'e'$%/$1/%23$-,1/%8,%8,153$%4&)/$%(0''$%/H/6:'$%B0&'$8%$6-+(&)6$%-3%-$90&/;%`!"

A$17$1)/6$%4,&8$%-$% 8,%40+/)$% (0''$% -7*.(>% -2&"(>%)Q7O&3(;%K$8,%(,&,(6+&)/$

("#$%(7-(%%8,%40+/)$%-$%A,3-$8,)&$>%31$%23,8)6+%4,&6)(38):&$%-$%/,%8,153$%40+6)23$%É%($

23?)8%-+(037&$>%/,%&,-)(,8$%0&)5)1,8)6+;%=,)/%$1%'e'$%6$'4/%(?$/6%8$%3*".*.(#$&5'-4/(

-,1/%/,%5+1+&,8)6+%k31$%5+1+&,8)6+%23$%103/%-$7&01/%)16$&&05$&m%23$%A$17$1)/6$%-+B)1)6

,)1/)>%(0''$%-7*.(>%03%(0''$%57&'-&";%K9$I%A$17$1)/6$>%8,%-+(037$&6$%-3%4,&6)(38)$&

B,)6%8,%-+(037$&6$%-$%8,%5+1+&,8)6+>%4,&($%23?$88$%$/6%8?$[$&()($%$6%8?)17$16)01%-?31%40)16

-$%73$;

S,%40+/)$%,%)()%8$%7)/,5$%-$A,3-$8,)&$%h%C$%4,&8$%-?$88$%03%-$%83)>%/,1/%40370)&603C03&/%8$/%-)/6)153$&;%S,%40+/)$>%(?$/6%8,%40+/)$%%483/%31%($&6,)1%40:6$;%%43)/23$%(9,23$%40:6$%,%%/,%8,153$%40+6)23$%`!X%

S?+(&)63&$% -?31$%$&5'-4/(# ,(# 8*/,(3*-%(% $/6% )1-)//0(),@8$'$16% 8?+(&)63&$% -?31$

$&5'-4/(%6036%(03&6;%K?$/6%$[,(6$'$16%8,%'e'$%(90/$%23$%80&/23$%A$17$1)/6$%-)6%23?01

1$%4$36%4,/%/?)16$&&05$&%/3&%31$%8,153$%/,1/%(9,23$%B0)/%'$66&$%$1%23$/6)01%8$%8,15,5$

-,1/%/01%$16)$&>%(?$/6%\%-)&$%8$%&$5,&-%23$%8?01%H%40/$>%23?01%%H%4&0-3)6%M

=,)/>% -,1/% 8,% 4$&/4$(6)7$% 0g% 103/% 48,T01/% )()>% 103/% 7$&&01/% 23$% ($/% 70)$/% -)BB+&$16$//?$16&$8,($16% /037$16% $6% B)1,8$'$16% /$% (01B01-$16>% (,&% 8$/%4&0@8:'$/% )1B)1)'$16%-)7$&/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`!"%l06$%',13/(&)6$%-?F')8$%A$17$1)/6$%(01/$&7+$%\%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($%kGDG;%fL;%"Z>$17$8044$%!>%Br!X]m;`!X%8FGH1<FID1>%!]>%Br!%@)/%o%Br!]Z%@)/;

Marcelo

!!V

-$/%8,153$/%016%($()%-$%(0''31%23?\%31%($&6,)1%-$5&+%-$%5+1+&,8)6+%)8/%'$66$16%603C03&/$1%23$/6)01%8$%8,15,5$%b`!Y;

l03/%4,&801/%-3%a%8,15,5$%40+6)23$%b%-,1/%/,%5+1+&,8)6+>%',)/%/$38$'$16%23$88$

/$&,)6% 8,%1,63&$%-$%($66$%5+1+&,8)6+% 80&/23$%A$17$1)/6$%4&040/$%-$%4$1/$&% 8$%a%8,15,5$

40+6)23$%b>% 8?a%+101(),6)01%40+6)23$%b>% 03% 8,% a%40+/)$%b%p% Q?,5)6P)8% /$38$'$16% -?31

5$1&$%p%.$%8,%/+4,&,6)01%-3%8,15,5$%40+6)23$%$6%-3%8,15,5$%0&-)1,)&$%/$801%31%(&)6:&$

6$8%8$%a%7$&/%b>%8$%a%':6&$%b>%03%$1(0&$%8?a%+'06)01%b%4,&%0440/)6)01%,3%8,15,5$%-$%603/

8$/% C03&/>% 8,%4&0/$>% 8,% &,)/01%p%l03/%7$&&01/% $1%$BB$6%23$%403&%A$17$1)/6$% 8$% 8,15,5$

40+6)23$%$/6%@)$1%-3%(w6+%-$%8?57&'-&"%$6%-$%8?-7*.(>%$6%8$%8,15,5$%0&-)1,)&$%-3%(w6+%-$

8,%%*-)&"%$6%-3%2&"2($';%=,)/%/,%4$&/4$(6)7$%$/6%6036$%-)BB+&$16$%h%8$/%6$&'$/%4,&,)//$16

/$'@8,@8$/>% )8/% 8$% /016% 4,&($% 23$% A$17$1)/6$% 8$/% &$4&$1-% $1% /?)1/(&)7,16% -,1/% 31

-),8053$>%31$%6&,-)6)01%É%($%23?)8%B,)6%603C03&/%É%>%',)/%)8%8$/%&$1037$88$%$1%$1%B,)/,16%8$/

(01($46/%(8+/%-?31$%69+0&)$%-3%8,15,5$;%K$66$%69+0&)$%-3%8,15,5$>%23$%A$17$1)/6$%,3&,

-+7$8044+$% 6036$% /,% 7)$>% $/6% 8,% (&)6)23$% -?31$% ($&6,)1$% &$4&+/$16,6)01% $6% &+-3(6)01% -3

8,15,5$>%$6%31%4&0C$6%+69)23$%$6%408)6)23$;%F6&$%-7*.(%$6%57&'-&">%($%/016%-$/%23,8)6+/%-$

8,15,5$;%S?57&'-&">%8?-2&"(%/016%(9$I%A$17$1)/6$%-$/%(01($46/%8)153)/6)23$/;

S0&/23$% A$17$1)/6$% +(&)6% 23$%a%8?)',5$% $/6% 8$% 6&3(9$'$16% 1+($//,)&$% -$

8?+'06)01%b`!`>% 01% 403&&,)6% -,1/% 31$% 8$(63&$% 4&$//+$% /$% 6&037$&% -+T3% $1% (&0H,16% 23$

A$17$1)/6$%,3&,)6%,@,1-011+%/,%69+0&)$%-3%8,15,5$%403&%4,&8$&%-$%40+/)$%(0''$%)',5$

$6% +'06)01>% /$801%31%(8)(9+%,323$8% )8%1?,3&,)6%4,/%+(9,44+;%=,)/% 8?-2&"(>% 8$%)Q7O&3(>

8?-7*.(>%8?57&'-&">%/016%8$/%(01($46/%-?31$%69+0&)$%-3%8,15,5$>%-?31$%3-"./-)'-4/(#,(#3*

$&5)-(# \% -+(037&)&%h% A$17$1)/6$% 8?+(&)6%M% a%R&/'(# 3*# 3-"./-)'-4/(# ,(# 3*# $&5)-(% -$7&,

4&0(+-$&% -$% 8,% 106)01% -?)',5$% $6% 8,% (01($463,8)/$&% 403&% $1% 6)&$&% 8?,&6)(38,6)01% -?31

1037$,3% /H/6:'$% -$% /)51)B)(,6)01/% b`!_% kC$% /038)51$m;% S,% 7,8$3&% -3% (01($46% -$

a%40+/)$%b% -,1/% 8?+(&)63&$% -$% A$17$1)/6$% /$&,% 6036$% \% )16$&&05$&;% .$% 23$88$% 40+/)$

A$17$1)/6$%4,&8$P6P)8%p%Q?,5)6P)8%-$%8,%40+/)$%4,&%0440/)6)01%,3%&0',1%p%G,&%0440/)6)01

,3% 8,15,5$% -$% 603/% 8$/% C03&/%p% S,% a%40+/)$%b% 6$88$% 23$% A$17$1)/6$% 8,% -+B)1)6>% $/6% 31$

&$')/$%$1%(,3/$%-$/%(&)6:&$/%B0&'$8/>%69+',6)23$/%03%/6H8)/6)23$/%4,&%8$/23$8/%8,%40+/)$

$/6%9,@)63$88$'$16%8)')6+$%k$6%($8,%4,&%0440/)6)01%\% 8,%a%4&0/$%b>%\%8?a%0&-)1,)&$%bm;%S,

40+/)$%403&%A$17$1)/6$%1?$/6%4,/%31%5$1&$%4,&')%-?,36&$/%5$1&$/%23)%1$% /$&,)$16%4,/%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`!Y%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b%k]^`"m>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%]^;`!`%8FGH1<FID1>%`>%BrX%o%BrX;

Marcelo

!!^

$88$;% S$% 8,15,5$% 40+6)23$% $/6% 403&% 83)% 8$% 4&0C$6% -?31% 9-9%(`$&;7(JPM>% -?31% 0&-)1,)&$;

.)&$%-3%8,15,5$%23?)8%$/6%$&5'-4/(%(?$/6%83)%&$(011,{6&$%31$%,(6)7)6+>%31$%(&+,6)7)6+%M

G83/%$[,(6$'$16%M%A,3-$8,)&$%$/6

8?90''$%23)%31)B)$%-$/%(9,'4/%-)/6)1(6/%-$%4$&($46)01%%%%%%%%%(01B01-

%$6%-$/%/+&)$/%4,&,88:8$/%-$%6$&'$/%>%$1%+6,@8)//,16

-$/%(0&&$/401-,1($/%40+6)23$/%kq%(&+,6&)($/m%;`!^%

K&5'-4/()#bå#2%5*'%-2()_#É%70)8\%8,%-+B)1)6)01%23$%A$17$1)/6$%-011$%-$%8,%40+/)$>%-3

8,15,5$%40+6)23$;%f1%&$(011,{6% )()% 8,%&$'06)7,6)01%-$% 8,%7,8$3&%-3%6$&'$%5&$(%$&-(-">

a%(&+$&>% B,)&$%b>% 31$% '06)7,6)01% 23)% &$603&1$% ,3% 4&0C$6% -?31$% 40+6)23$% B0&'38+$% 4,&

-?D&)/606$>%31$%40+6)23$%23)%1?$/6%,3(31%5$1&$%',)/%31$%,(6)7)6+%4,&6)(38):&$;%J8%1?H%,%$1

$BB$6%4,/%-$%(&)6:&$% B0&'$8% )()%h% 8$% (&)6:&$%$/6% ($83)% -?31$% ,(6)7)6+>% -?31% B,)&$%h% ,)88$3&/

A$17$1)/6$%+(&)&,%a%8$%sB,)/$3&>%40):6:/t%b`"Z;%L$/6$%\%)16$&&05$&%($%23$%B,)6%8$%40:6$%$6

(0''$16% )8% 8$% B,)6;% A$17$1)/6$% 4,&8$&,>% 01% 8$% 7$&&,% 483/% 80)1>% -?31$% $%*.7*'-4/(% -3

8,15,5$%40+6)23$>%B,)/,16%,80&/%/?)1-)/6)153$&%31$%40+6)23$%$6%31$%4&,5',6)23$;

%S0&/23$%A$17$1)/6$%+(&)6%23$%a%6036$%8,%8)153)/6)23$%-$%8,%40+/)$%-$7&,%4&0(+-$&

-$% 8,% 106)01% -?)',5$% $6% 8,% (01($463,8)/$&% 403&% $1% 6)&$&% 8?,&6)(38,6)01% ,A/"# "&/9(*/

)Q)';7(#,(# )-."-=-2*'-&")% b% k01% /038)51$m>% )8% 1$% 4&040/$%4,/% -$% /+4,&$&% 03%-?0440/$&

483/)$3&/% a%/H/6:'$/% -$% /)51)B)(,6)01/%b% 23)% $[)/6$&,)$16% (0''$% $//$1($% $6% $1

(01(3&&$1($% 8$/% 31/% -$/% ,36&$/>% -?$1% (&+$&% 31% -$% 483/>% )8% -)6% 8$% 4&0C$6% -?31% $16)$&

&$1037$88$'$16% -3% &$5,&->% -$% 8,% &$4&+/$16,6)01% 23$% 8?01% /$% B,)6% -3% 8,15,5$>% $6% -$% 8,

4&,6)23$% 23$% 8?01% $1% ,;% J8% 4&040/$% -$% &$4$1/$&% '&/'# 3(# 3*".*.(% \% 4,&6)&% -$% 8,% 106)01

-?-7*.(;% K,&% $1% $BB$6% 8$/% 8)153)/6)23$/% -3% 8,15,5$% 0&-)1,)&$>% 403&% A$17$1)/6$>% 1$

4$&'$66$16% 4,/% -$% 4$1/$&% 8,% 40+/)$>% 4,&($% 23?$88$/% 1?016% 4,/% 8$% /$1/% -3% 8,15,5$

40+6)23$>% 23?$88$/% 016% 8$% /$1/% -3% 8,15,5$% 0&-)1,)&$>% 8$% /$1/% -$% 8,% &+B+&$1($% $6% -$% 8,

(0''31)(,6)01>%4,/%($83)%-$%8,%7,8$3&%$6%-$%8,%(&+,6)01;%S$%4&0C$6%-?31$%3-"./-)'-4/(#,(

3*# $&5)-(>% (?$/6% 8,% -+(037$&6$% \% 4,&6)&% -3% 40:'$>% \% 4,&6)&% -$% A,3-$8,)&$>% -?31$

8)153)/6)23$%1037$88$>%-?31%a%1037$,3%/H/6:'$%-$%/)51)B)(,6)01%b;%G,&8$&%-$%a%8,15,5$

40+6)23$%b>%(?$/6%,80&/%4&$/23$%/$%&+4+6$&>%(,&%8$%8,15,5$%40+6)23$%$/6%0&-)1,)&$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`!_%8FGH1<FID1>%]^>%Br!%o%Br]VV;`!V%<$1&)%=$/(9011)(%)16)638$%31%037&,5$%&+($16%Y-9%(`$&;7(%k.3'$&(9$I>%!ZZ`m`!^%8FGH1<FID1>%]_>%BrV%o%Br]!^;`"Z%8FGH1<FID1>%]V>%Br]]o%Br]VX;

Marcelo
Marcelo
Marcelo
Marcelo

!"Z

S,%40+/)$%$/6%31$%8,153$%)16+&)$3&$%\%8,%8,153$;%F88$$/6%-,1/%8$%8,15,5$%0&-)1,)&$;`"]

F1(0&$% 31$% B0)/>% )8% 1$% B,36% 4,/% 8)&$% -$% ',1):&$% 6&04% 4&$//+$% $6% (&0)&$% 23$

A$17$1)/6$%/$&,)6%$1%6&,)1%-$%4$1/$&%31$%8,153$%-,1/%8,%8,153$>%/$801%31$%805)23$%23)%\

4&$'):&$%73$%)1(836>%',)/%B)1,8$'$16%$[(836%4,&($%23?$88$%1$%70)6%4,/%-$%(016)13)6+>%$6

B,)6%-$%8,%40+/)$%31$%&+5)01%-3%8,15,5$;%K$66$%&$4&+/$16,6)01>%(?$/6%8?+6,6%-3%4&0@8:'$

6$8% 23$% A$17$1)/6$% 8$% 6&037$;% J8% -+48,($% ($66$% 73$% -)'$1/)011$88$%$6% 805)()$11$% k% 8$

8,15,5$%$/6%g#3A-"'5%-(/%#,(%o%,*")%8,%8,153$%0&-)1,)&$m>%$1%31$%7)/)01%-H1,')23$%M%a%8,

40+/)$% $/6% 31$% 8,153$% )16+&)$3&$% \% 8,% 8,153$%b`"!>% 0g% 8?)16+&)$3&% 1$% /?0440/$%4,/% \% 31

$[6+&)$3&>%',)/%-+B)1)6%8,%-+(037$&6$%-$%($%23?)8%H%,%-$%483/%$%&=&",>%-$%483/%-"'5%-(/%;

Q,1/%-036$%-0)6P01%8)&$%($66$%49&,/$%-,1/%31$%(016)13)6+%,7$(%($%23$%A$17$1)/6$%-)6%-$

8?a%31)7$&/% /$(01-%b>% -$% 8,% a%/34&e'$% &+,8)6+%b% 23$% 8$% (&+$% 8$% 40:6$>% 03% $1(0&$% -$

8?-"'5%-&%-'5>%-$%8,%$%&=&",(/%>%(?$/6P\P-)&$%-3%/3C$6%-,1/%($%23?)8%,%-$%483/%/4+()B)23$%M

-3%/3C$6%-,1/%($%23?)8%)17$16$%-$%483/%/4+()B)23$;%D)1/)>%-,1/%($%/$1/>%A$17$1)/6$%+(&)6%M

a%S$%6$&'$%23)%-+B)1)&,)6%,3%')$3[%8?,66)63-$%-3%40:6$%/$&,)6%8?)16+&)0&)6+;%J8%/?+6,@8)6%\

8?)16+&)$3&% -$% /,% 1,63&$% 93',)1$>% -016% )8% &$C$66$% 8$/% ,44,&$1($/>% $6% )8% /?,-&$//$% \

8?)16+&)$3&% -$% 8,% 1,63&$% -3% '01-$>% -016% )8% &$B3/$% ,3//)% 8?,/4$(6% /34$&B)()$8;% J8% $//,)$

-?,((+-$&%,3%40)16%($16&,8%0g%6036$/%8$/%/$1/,6)01/%/?31)B)$16%0g%8$%6$'4/%/?,@08)6%-,1/

8?)1/6,16;%b`"";%S?-"'5%-&%-'5%403&%A$17$1)/6$%8)/,16%A,3-$8,)&$>%1?$/6%4,/%-)BB+&$16$%-$%8,

)/O@(2'-9-'5;%G,&% 8\>%($%6$&'$%4$36%1$%483/%e6&$%/$38$'$16% 8$% 6$&'$%-?31$%4/H(90805)$>

',)/% -$7$1)&% 8$% 6$&'$% -?31$% 69+0&)$% -3% 8,15,5$;% f1% $1% ,% 8,% (01B)&',6)01% 80&/23$

A$17$1)/6$%+(&)6%M%a%8,%40+/)$%$/6%31$%8,153$%)16+&)$3&$%\%8,%8,153$%b>%-016%B)1,8$'$16%8$

/038)51$'$16%1$%/?$[48)23$%4,/%,36&$'$16;%A$17$1)/6$%/038)51$%31%-+48,($'$16%-,1/

8,%4$1/+$>%31$% )16+&)0&)6+%-)BB+&$16$%$6%23?)8%$//,)$%-$%-+(037&)&%M% a%S,%40+/)$% $/6% 31$

8,153$% )16+&)$3&$%\% 8,% 8,153$;%F88$%$/6%-,1/% 8$% 8,15,5$%0&-)1,)&$%b;%H*")>%-$% 8,%'e'$

',1):&$%1?)1-)23$%4,/%31%$'@0{6$'$16>%31$%&+5)01,8)/,6)01%-3%8,15,5$;%S,%40+/)$%$/6

-,1/%8$%8,15,5$%0&-)1,)&$%4,&($%23?$88$%$1%4&0(:-$>%$88$%$/6%(0''$%8$%40:6$%M%a%Q$38%)8

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`"]%8FGH1<FID1>%]!>%Br!%o%YX;`"!%f1%&$4$1/$&,%+5,8$'$16%\%($%23$%103/%-)/)01/%\%4&040/%-$%8,%49&,/$%-,1/%8?,&6)(8$%a%S,%B0&'$%$6%8$/$1/%-,1/% 8,% 8,15,5$%b% k]^``m%M% a%l06&$% -0',)1$% /$&,% 8$% 8,15,5$%-)6% 0&-)1,)&$>% 8$% 8,15,5$% (0''31>% \8?$[(83/)01%$[4&$//$%-3%8,15,5$%40+6)23$>%23)%,%/$/%4&04&$/%80)/%$6%/$/%4&04&$/%B01(6)01/%b>%0g%A$17$1)/6$)1/(&)6%8$%8,15,5$%40+6)23$%-,1/%8$%8,15,5$%0&-)1,)&$>%1$%8?H%0440/$%4,/;`""%8FGH1<FID1>%!!>%Br!X%o%Br!_`;

Marcelo
Marcelo
Marcelo

!"]

/?0440/$%,3%'01-$>% /$38% )8% /?H% B01-%b`"X>%($66$%a%0440/)6)01%b%1?+6,16%4,/%,36&$%(90/$

23$%8,%-+(037$&6$%-?31$%&+,8)6+%0&)5)1,8$%4,&%8$%40:6$%h%/,%-+(037$&6$%6036$%)1-)7)-3$88$

23?$88$% $/6%-$7$1,16% 8,% &+,8)6+% (0''31$>% 8$%7&",(%M% a%/$38% )8% /?H% B01-%b;%.)&$%23$% 3*

$&5)-(#()'#,*")#3*#3*"./(#&%,-"*-%(>%(?$/6%1$%483/%0440/$&%8,%40+/)$%\%8?0&-)1,)&$>%(?$/6

4$1/$&%8,%40+/)$%(0''$%8,%&$(9$&(9$%-?31$%$%&=&",(/%%&$1037$8+$;

f440/,16%-,1/%/$/%',13/(&)6/%8$%a%8,15,5$%0&-)1,)&$%b%$6%8$%a%8,15,5$%40+6)23$%b>

A$17$1)/6$% 1$% /+4,&$% 4,/% -$3[% &$5)/6&$/% -)BB+&$16/% -$% 8,15,5$>% ',)/% @)$1% -,7,16,5$

-$3[%40)16/%-$%73$>%-$3[%&,440&6/%,3% 8,15,5$%$6%,3%'01-$;%F6%($66$%0440/)6)01%$/6% 8$

40)16%-$%-+4,&6%-?31%4&0C$6>%23)%$/6%8?+(&)63&$%-?31$%40+6)23$%M%-?31$%3-"./-)'-4/(#,(#3*

$&5)-(;% J8% /?,5)6% -$% (&)6)23$&% $1% 4&$')$&% 31$% 8)153)/6)23$% -$% 8,% -+106,6)01% $6% -$% 8,

(0''31)(,6)01>% $6% -$%-+(037&)&% 31$%1037$88$%',1):&$%-?,@0&-$&% 8$% 8,15,5$>%',1):&$

23$% 8,% 40+/)$>% ($88$% -$% A,3-$8,)&$% 4,&% $[$'48$>% /,% 8,153$% 40+6)23$>% 103/% $1/$)51$>

4,&($%23?$88$%&+,8)/$%\%/01%',[)'3'%31%4&)1()4$%)19+&$16%,3%8,15,5$;

S$% 3*".*.(# &%,-"*-%(>% 23)% &$8:7$% -?31$% (01($46)01% &+,8)/6$>% 0@C$(6)7,16$>

6&,1/,(6)011$88$>% ',/23$% 403&&,)6P01% -)&$% 8$% 3*".*.(# $&5'-4/(>% 23)% (01/6&3)6% 31

/$16)'$16% -)BB+&$16% 403&% 8$% 8,15,5$>% '0)1/% 4&$//+>% -,7,16,5$% -,1/% 8?)',5)1,)&$% $6

8?,//0(),6)01>% 8?+(036$>% 8,% (&+,6)7)6+%M% a%S$% 8,15,5$% 40+6)23$% ,44,&6)$16% \% 8?3/,5$

/355$/6)B%-$%8,%8,153$%b`"Y;%S$%8,15,5$%40+6)23$%$/6%/3@C$(6)7,16;

l03/%403701/%&$4$1/$&>%80&/23$%A$17$1)/6$%4,&8$%-$%a%8,15,5$%0&-)1,)&$%b>%\%($

23?F-E,&-% Q,4)&% +(&)6% -,1/% /01% ,&6)(8$% a%O9$% *&,'',&),1% ,1-% 9)/% S,153,5$%b>% $1

]^!X>%-3%4$3%-?)16+&e6%23$%8,%&+B8$[)01%/3&%8$%8,15,5$%$15,5$%-,1/%31$%/0()+6+%53)-+$

4,&%8?$/4&)6%-$/%,BB,)&$/%kO/)-"())#7-",m%M

F='(%#*33+#3*"./*.(#-)#7(%(3Q#*#3(9(%JVJ#'&#.('#':&/.:')#i#*2%&))#n0#!/%#O/)-"())#-")'-"2''(33)#/)#':*'#':(#7/3'-$3-2*'-&"#&=#3(9(%)+#*33#O/)Q#&"#':(#)*7(#@&O+#-)#$&&%#(2&"&7Q0#R:/)&"(#^*Q#&=#i#)$-''-".#-'#&/'#n#O(2&7()JVf#*)#.&&,#*)#*"&':(%0#I=#&':(%#"*'-&"*3-'-()#=-",':(7)(39()#/)-".#&':(%#3(9(%)+#':*'#-)#':(-%#*==*-%0#R:(#=*2'#&=#3*"./*.(+#-"#&':(%#^&%,)+-)# *"# /"*9&-,*O3(# -%%(3(9*"2(+# "&'# *# $%&O3(7# '&# -"'%-./(# ':(# -"4/-%-".# 7-",0`"V%~#$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`"X%8FGH1<FID1>%`>%BrX%o%BrX%ka%O036%/$%-)BB3/$%/3&%8$%'01-$>%8?,1)'$>%8?+(8,)&$>%\%4,&6)&%-$%8,%4$&/011$-3%40:6$;%Q$38%)8%/?0440/$%,3%'01-$>%/$38%)8%/?H%B01-;%bm`"Y%8FGH1<FID1>%]_>%Br!!%o%Br]X";`"`%.,1/%8?+-)6)01%-$%=,1-$8@,3'>%01%6&037$%31$%(023)88$>%a%8$7$8%b%,3%8)$3%-$%a%8$7$&%b;%.,1/%8,%&$73$F7(%-2*"#S(%2/%Q>%1r]>%-$%]^!X>%103/%8)/01/%@)$1%a%8$7$&%b;`"_%f1%(0&&)5$%$1(0&$%)()>%8?+-)6)01%-$%=,1-$8@,3'%-011$%a%)/%b>%8,%7$&/)01%-$%]^!X%-,1/%8?F7(%-2*"S(%2/%Q#-011$%a%@$(0'$/%b;`"V%F-E,&-%Q,4)&>%a%O9$%*&,'',&),1%,1-%9)/%S,153,5$%b>%)1%F7(%-2*"#S(%2/%Q+#I>%]^!X;%L$4&)/%-,1/%8$7083'$%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%#-"#<*"./*.(+#B/3'/%(#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%]Y];%#$%-011$%403&)1-)(,6)01%$6%(0'4,&,)/01%8,%6&,-3(6)01%-011+$%4,&%#$,1PF8)$%A086,1/d)%-,1/%8$%7083'$%<-"./-)'-4/(%,3[

Marcelo
Marcelo
Marcelo

!"!

6&,-3)/`"^%MÄ% D4&:/% 6036>% 8$% 8,15,5$% $/6% /)'48$'$16% 31% 8$7)$&% 403&% B,)&$% a%4,//$&%b% -$/4$1/+$/;% l06&$% )1/6)1(6% -$/% ,BB,)&$/% 103/% -)6% 23$% 8,% '386)48)(,6)01% -$/% 8$7)$&/>% 603/,BB,)&+/% /3&% 31%'e'$% @03806>% $/6% 4$3% +(010')23$;% D)1/)% 31$%',1):&$% -$% a%(&,(9$&% 8$'0&($,3%b% -$7)$16% ,3//)% @011$% 23?31$% ,36&$;% Q)% -?,36&$/% 1,6)01,8)6+/% /$% &$6&037$16% \36)8)/$&%-?,36&$/%8$7)$&/>%(?$/6%8$3&%,BB,)&$;%S$%B,)6%-3%8,15,5$>%$1%-?,36&$/%'06/>%$/6%31$(90/$% /,1/% 4$&6)1$1($>% 6036$B0)/% )1+7)6,@8$>% 4,/% 31% 4&0@8:'$% 403&% )16&)53$&% 8?$/4&)6(3&)$3[;;

.$% 8,%'e'$%',1):&$% 23$% 8,%2&"9("'-&"% 03% 8?:*O-'/,(%',/23$16% 8,% %5*3-'5>% 31$

&+,8)6+% 23$% 8$% 40:6$% -+70)8$% k$1% 8,% &$P(&+,16m% É% A$17$1)/6$% 4,&8$% -$% a%-+10')1,6)01/

&$(&+,16$/%b`XZ>%8$%3*".*.(#&%,-"*-%(%',/23$%8$%8,15,5$%-,1/%/01%4&)1()4$%-$%(&+,6)7)6+;

K?$/6%603C03&/%8$%8,15,5$%40+6)23$%23)%$/6%0&-)1,)&$%$6%8$%8,15,5$%0&-)1,)&$%23)%1$%8?$/6

4,/;

S$%40:6$%103/%,44&$1-%%%8,%7+&)6+%%%$6%103/&+7:8$%-+70)8$%8,%7+&)6+%&+,8)6+%%%;%%%S,%7+&)6+%/3&83)%%%$6%-$%6$88$%',1):&$%23?$88$%103/%,44,&,)//$%8,%7+&)6+/3&%103/%h%%%8,%&+,8)6+%',/23+$%4,&%8,%(017$16)0103%8?9,@)63-$%$6%23)%@&)88$%(0''$%\%8,%(&+,6)01;`X]

S$% 40:6$% 103/% ,44&$1->% 103/% -+70)8$% 31$% &+,8)6+% k1037$88$m>% 23)% $/6% $1% 'e'$

6$'4/% 31$% 8,153$% k1037$88$m% 23$% 8,% 2&"9("'-&"% 70)8,)6>% 31% &$5,&-% 1037$,3>% 31$

a%/+')0805)$%1037$88$%b`X!%-)6%A$17$1)/6$;%F6%80&/23?)8%4,&8$%,)1/)%-$%a%(017$16)01%b>%)8

4,&8$%-?31$%,44&0(9$%-3%8,15,5$%$6%-$%($%23?$88$%)'40/$%(0''$%&+,8)6+%\%8,%8,153$>%)8

4,&8$%-3%8,15,5$%0&-)1,)&$;%D%4&040/%-$%8,%a%(017$16)01%b>%)8%+(&)6%$1(0&$%M

S$%4&)1()4$%4&$')$&%'$%/$'@8$%e6&$%23$>%$1%%%%%%%%%%40+/)$>%8$/%'06/%1$%/016%4,/%-$/%/)51$/>%,3%%%%%%%%%/$1/%/,3//3&)$1;%.:/%23?01%B,)6%-$%8,%40+/)$>%01%%%%%%%%%%23)66$%8,%(017$16)01%-$/%/)51$/>%23)%&+5)6%8$

%8,15,5$%0&-)1,)&$;`X"

f1%403&&,%)()%$1(0&$%/$%40/$&%8$%4&0@8:'$%-$%8?)16$&4&+6,6)01%4,&%A$17$1)/6$%-$%8,

8)153)/6)23$% /,3//3&)$11$>% /$% -$',1-$&% /)% /,% 8$(63&$% $/6% $1% &3463&$% 03% 101% ,7$(

8?)16$&4&+6,6)01% /6&3(63&,8)/6$% 23)% $1% ,% +6+% B,)6$>% ,7$(% /)'48$'$16% 8$% B&/%)# ,(%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%+-)6)01/%-$%=)13)6%k4;%]]VP]]^mM%a%D4&:/%6036%8$%8,15,5$%$/6%/)'48$'$16%31%)1/6&3'$16%4$&'$66,16%8,6&,1/')//)01%-$/%4$1/+$/;%l06&$%)1/6)1(6%-$/%,BB,)&$/%103/%4&+7)$16%23$%'386)48)$&%8$/%)1/6&3'$16/%403&31%/$38%$6%'e'$%6&,7,)8%$/6%(016&,)&$%,3[%80)/%-$%8?+(010')$;%Q)%-?,36&$/%1,6)01,8)6+/%36)8)/$16%-?,36&$/)1/6&3'$16/%(?$/6%8$3&%,BB,)&$;%D36&$'$16%-)6>%8$%B,)6%-$%8,15,5$%$/6%31$%)1(01/+23$1($%)1+7)6,@8$>%$6%10131%4&0@8:'$%/3&%8$23$8%-0)7$%/?)16$&&05$&%31%$/4&)6%(3&)$3[%b;`"^%D7$(%8?,)-$%-?D1-&$E%F,/6',1;`XZ%8FGH1<FID1>%!">%BrV%o%Br""];`X]%8FGH1<FID1>%V>%Br_%o%Br]_;`X!%8FGH1<FID1>%!!>%BrY"%o%Br"ZY;`X"%8FGH1<FID1>%!!>%BrY"%o%Br"ZY;

Marcelo
Marcelo
Marcelo

!""

3-"./-)'-4/(#.5"5%*3(;%J8%'?,%603C03&/%/$'@8+%23$%A$17$1)/6$%-011,)6%8$/%'0H$1/%-?31$

8$(63&$%(&)6)23$%-3%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%23?)8%1$%/$%(01B01-,)6%4,/%,7$(%31$

8$(63&$%/6&3(63&,8)/,16$%-$%Q,3//3&$;%A$17$1)/6$%(016)13$%Q,3//3&$%',85&+%8$%@&03)88,&-

k%8$%@&03)88,5$%m%\%6&,7$&/%8$23$8%/01%6&,7,)8%,44,&,)//,)6%,80&/;%J8%(016)13$%8$%4&0C$6%-$

Q,3//3&$>%8?$16)$&%-$%/01%4&0C$6%23)%4$36Pe6&$%$/6%8$%483/%,7,1(+%,7$(%8$/%4,&,5&,''$/;

F6%($8,%/$&,%\%'016&$&>%8,%40+6)23$%-$%A$17$1)/6$%-011$%8$/%'0H$1/%-$%&$-+(037&)&%8,

40+6)23$%-$%Q,3//3&$%k8$/%4,&,5&,''$/m>%$88$%8,%(016)13$;%F6%8,%40+6)23$%-$%A$17$1)/6$>

(0''$%($88$%-$%Q,3//3&$>%$/6%7&,)'$16%)1-)//0(),@8$%-$%/$/%6&,7,3[%-$%(0'4,&,6)/6$%$6

-$%69+0&)()$1%-3%8,15,5$;

=,)/% 1+,1'0)1/>% (0''$% )()>% 103/% ,4$&($701/% 23$823$% (90/$% -?31$% 8$(63&$

-?+4023$%k',)/%$1(0&$>%103/%1$%403701/%4,/%(01(83&$%/3&%($8,m>%a%$1%40+/)$>%8$/%'06/

1$% /016% 4,/% -$/% /)51$/>% ,3% /$1/% /,3//3&)$1;%.:/% 23?01% B,)6% -$% 8,% 40+/)$>% 01% 23)66$% 8,

(017$16)01%-$/%/)51$/>%23)% &+5)6% 8$% 8,15,5$%0&-)1,)&$%b`XX;%A$17$1)/6$%7,%+6&,15$'$16

-,1/% 8$% /$1/% -$% Q,3//3&$>% -,1/% 8$% /$1/% -$% /,% 4$1/+$% -$% 8,% 7,8$3&>% -3% /H/6:'$>% -$

8?9)/60)&$%�>%',)/%$1%'e'$%6$'4/%)8%B,)6%-$%8,%69+0&)$%-3%/)51$%(9$I%Q,3//3&$%8,%69+0&)$

-3% 8,15,5$% 0&-)1,)&$>% -$% 8,% a%(017$16)01%b% (9$I% Q,3//3&$% 23$823$% (90/$% 23)

&,44$88$&,)6%4836w6%8,%a%(017$16)01%b%(9$I%G8,601>%31$%&$4&+/$16,6)01%-$%8,%8,153$%23?)8

6$16$%4,&%/,%40+6)23$%-$%-+4,//$&;%=,)/%8,%(&)6)23$%-3%)-."(%$6%-$%8,%2&"9("'-&">%$/6%-+C\

/,3//3&)$11$>%/)%8$%)-."(%$/6%9*3(/%>%$(")5(`)&">%)("'-7("'#,(#3*#3*"./(>%$*%*.%*77(+

)&2-*'-&"#$)Q2:&3&.-4/(#-"59-'*O3(#('#$%&=&",(>%/)%8,%2&"9("'-&"%$/6%8$%6&,7,)8%(016)13$8

403&%&+)17$16$&%8,%(017$16)01>%8,%/0()+6+>%/)%$88$%$/6%-")'-'/'-&"#(0''$%(9$I%A$17$1)/6$;

S,% 2&"9("'-&"% (9$I% Q,3//3&$% 4&0(:-$% -$% 8,% 'e'$% (&)6)23$% 23$% ($88$% 23$% ':1$

A$17$1)/6$%M% 8,% (&)6)23$% -$% 8,% (01($46)01% -3% 8,15,5$% (0''$% &+B+&$16)$8>% (0''$

&$170H,16% \% -$/% 0@C$6/% $[6+&)$3&/% ,3% 8,15,5$% k(?$/6% 8,% a%(017$16)01%b% -016% )8% $/6

23$/6)01% -,1/% 8$%B%*'Q3(m%M% 31$% (01($46)01% ,P9)/60&)/,16$>% ,P/3@C$(6)7,16$>% 80&/23$% 8$

4&0C$6% -$% Q,3//3&$% 43)/% -$% A$17$1)/6$>% 6036% ,3% (016&,)&$>% $/6% -$% 4$1/$&% 8?,(6)7)6+% -3

/3C$6%-,1/%8$%8,15,5$>%8?)17$16)01%-$%&+,8)6+>%-$%/0()+6+%23)%/?H%-+(037&$;

.,1/%31%-$/%',13/(&)6/>%A$17$1)/6$%4,&8$%-?31$%a%B01(6)01%4&,5',6)23$%b`XY%-3

8,15,5$%40+6)23$;%J8%B,)6%,)1/)%,44,&,{6&$%31$%$%*.7*'-4/(%4&04&$%,3%8,15,5$%40+6)23$

-)/6)1(6$%-?31$%4&,5',6)23$%-3%a%8,15,5$%0&-)1,)&$%b;%J8%$/6%)'40&6,16%-$%'$66&$%($()%$1

&$8,6)01% ,7$(% 8?)-+$% 23?)8% B,3-&,>% \% 4,&6)&% -$% 8,%')/$% ,3% C03&% -?31% 8,15,5$% 40+6)23$>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`XX%8FGH1<FID1>%!!>%BrY"%o%Br"ZY;`XY%8FGH1<FID1>%!">%Br!X%o%Br"X_;

Marcelo
Marcelo

!"X

&$-+(037&)&% $6% &$-+B)1)&% 6036$% 8?+6$1-3$% -$% 8?+63-$% -3% 8,15,5$>% (,&% a%8?,1,8H/$% -$% 8,

8,153$% 40+6)23$% $[)5$% -,1/% 6036$% 8?+6$1-3$% -3% -0',)1$% 8)153)/6)23$% -$/% (,6+50&)$/

-)/6)1(6$/%b`X`;% f1% &$',&23$&,% 23$% (?$/6% /3&% ($66$% 'e'$% 4,5$>% $1% ',&5$>% 23$

A$17$1)/6$% 106$% ,7$(% A,3-$8,)&$% 23$% 8$/% a%23$/6)01/% -?,&6/%b% B016% 8,% -+(037$&6$% -$

6$&&$/% )1(0113$/>% ,3% '0'$16% 0g% 83)P'e'$% 4&+()/+'$16% 4,&% 8,% 23$/6)01% -3% 8,15,5$

40+6)23$>% 4,&% A,3-$8,)&$>% B,)6% 8,% -+(037$&6$% -?31$% ',1):&$% 1037$88$% -?,@0&-$&% 8$

8,15,5$`X_>%$6%23?)8%(0''$1($%,)1/)%\%&+401-&$%\%8,%a%-)BB)(386+%-$%/0&6)&%-$/%(,6+50&)$/

36)8)/+$/%403&%8?,1,8H/$%-3%8,15,5$%0&-)1,)&$%b`XV;

F88$/%/$%/+4,&$16%/3&%31%40)16%$//$16)$8%\%'$66&$$1%83'):&$%M%/3&%($%23$%C?,44$88$&,)%8,%5&,'',)&$/+',16)23$%k03%40+6)23$%pm;

k#$%4$1/$>%,3%@036%-3%(0'46$>%23$%8?,1,8H/$%-$8,%8,153$%40+6)23$%$[)5$%-,1/%6036$%8?+6$1-3$%-3%-0',)1$8)153)/6)23$%-$/%(,6+50&)$/%-)/6)1(6$/;%f1%1$%/,3&,)6e6&$%,//$I%&,-)(,8;%J8%B,3-&,%-01(%40/$&%M%31$%4901+6)23$40+6)23$>%31$%/H16,[$%40+6)23$>%31$%5&,'',)&$40+6)23$>%31$%8$[)(0805)$%40+6)23$;m

J8%B,36%)1/)/6$&%403&%8,%@)$1%-+B)1)&>%/3&8?0&)5)1,8)6+%-$%8,%5&,'',)&$%40+6)23$%-$%A,3-$8,)&$;`X^

G,&8$&%-?31$%=&"2'-&"%$%*.7*'-4/(%-3%8,15,5$%40+6)23$>%(?$/6%-+C\%+6011,16>%(,&

01%,%,44&)/%\%4$1/$&%23$%8?,&6%1?,7,)6%4,/%-?,36&$%@36%23$%83)P'e'$>%/,3B%4$36Pe6&$%-,1/

8$%(,/%-$%($%23?01%,44$88$%a%8,%40+/)$%$15,5+$%b;%F6%(?$/6% 8,%8)153)/6)23$%4&,5',6)23$

$88$P'e'$% 23)% 103/% ,% $1/$)51+% 23$% 8?,&6% +6,)6% \% (N23/%(% -$% 6036$% 2&")-,5%*'-&"

4&,5',6)23$`YZ>% 31% +101(+% 4$&B0&',6)B% 4&0101(+% /3&% 31$% /(:1$% -$% 69+|6&$% 1$

4&07023,16%,3(31$%k&+m,(6)01%-3%43@8)(;%A$17$1)/6$%+(&)6%($()%M

F1%40+/)$%8$/%a%'06/%b016%4,&%8$3&%(90)[$6%8$3&%C01(6)01>%31$-03@8$%B01(6)01\%8n+5,&-%-$%8?)1-)P7)-3;%%%%%R01(6)01%/+',16)23$%%%%%R01(6)01%4&,5',6)23$`Y]

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`X`%8FGH1<FID1>%!!>%Br`_%o%Br"]^;`X_%S$/%6$&&$/%)1(0113$/%-$%A,3-$8,)&$%/016%)()%a%6036$%8?+6$1-3$%-3%-0',)1$%8)153)/6)23$;`XV%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>4;%"_;`X^%8FGH1<FID1>%!!>%Br`_o%Br"]^;`YZ%i0)&%483/%9,36>%4;%]YVP]Y^;

#$%403&&,)/%'$66&$%$1%$[$&53$%-$%'01%,&6)(8$%%%%%%%%($66$%49&,/$%-3%G&0C$6%-$%4&+B,($%,3[%%%%%%%%%R8$3&/%-3%',8%M%%%%%%%%%a%z3$/6)01/%-?,&6%É%6$&&,$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%)1(051)6,$%b

Marcelo
Marcelo

!"Y

z3$88$% B01(6)01% $%*.7*'-4/(>% 23$88$% *2'-9-'5% -$% 8,% 40+/)$% a%\% 8?+5,&-% -$

8?)1-)7)-3%b>%A$17$1)/6$%$//,)$P6P)8%-$%-+B)1)&%p%Q3&%31$%,36&$%4,5$>%A$17$1)/6$%-+B)1)6

8?,36$3&>% 8$% 40:6$>% $1% &$P'06)7,16% 8,% 7,8$3&% -3% 6$&'$% 5&$(% $&-;';)%M% a%8?,36$3&% k% 8$

a%B,)/$3&>%40):6:/tm%b`Y!;%F6%(?$/6%@)$1%31%=*-%(%-3%40:'$%23?)8%)16$&&05$>%4,&%0440/)6)01

\%31%B,)&$%-3%a%8,15,5$%0&-)1,)&$%b;

.,1/%/01%,&6)(8$%a%S,%49)80/049)$%,1,8H6)23$%$6%8,%8,15,5$%b%$1%]^`">%)8%0@/$&7$

(0''$16% 8,% 49)80/049)$% ,1,8H6)23$% -?D3/6)1>% /,% 4&,5',6)23$>% (01B01-% 8$% &+/386,6

-?,(6$/%-$%4,&08$%$6%31$%(01/6&3(6)01%8)153)/6)23$%4,&6)(38):&$>%($88$%-3%a%4$&B0&',6)B%b;

K?$/6% $1% ($8,% 23?D3/6)1% 1$% B,)6% 4,&% $[$'48$% 4,/% 8,% -)BB+&$1($% $16&$% 31$% +101(),6)01

4$&B0&',6)7$%$6% 8,% B0&'$%-$% 8?)'4+&,6)B%h%A$17$1)/6$% &$',&23$%,)1/)%23$%a%8?)'4+&,6)B

1?$/6% 4,/% -+106,6)B% $6% 1$% 7)/$% 4,/% \% (0''31)23$&% 31% (016$13>% ',)/% /$% (,&,(6+&)/$

(0''$%4&,5',6)23$%$6%7)/$%\%,5)&%/3&%8?,3-)6$3&>%\%83)%)16)'$&%31%(0'40&6$'$16%b`Y"%;

G03&% A$17$1)/6$% ,)1/)% 8,% 49)80/049)$% ,1,8H6)23$% 5,51$&,)6% /)% $88$% 1$% B,)/,)6% 4,/

a%)16$&7$1)&% 8,% (01/)-+&,6)01% -3% s&+/386,6% 0@6$13t%23)% $/6% /03&($% -$% (01B3/)01%b`YX;

.,1/%/,%40+6)23$>%A$17$1)/6$%&$',&23$%4,&$)88$'$16%M

S$%8,15,5$%0&-)1,)&$%,%31%@36%90&/-$%83)P'e'$>%31$%B)1%$[6+&)$3&$($88$%-?)1B83$1($&>%-?,5)&>%-$4&07023$&%31$%,(6)01%03-?)1B0&'$&%-$%8?+7+1$'$16%É%8$%8,15,5$%40+6)23$%,%/,%B)1%-,1/%/,%4&04&$%$[4&$//)01%h%)8%/?,(9:7$%-,1/%/,%4&0-3(6)01;%Q,%1,63&$%$/6%a%$/69+6)23$%b>%(%\;-;%%)8%6&,-3)6%31$%)'4&$//)01%-$/%/$1/;%`YY

D3% 8,15,5$% 0&-)1,)&$% (0&&$/401-% 31$% 69+0&)$% -3% 8,15,5$% 0&-)1,)&$>% 23)% $/6

4&,5',6)23$% $6% (0''31)(,6)011$88$%M% 8$% 8,15,5$% 7)/$% \% ,5)&>% \% )1B83$1($&% 03% \

)1B0&'$&%h% \% 31% &+$8>% 8,% &$4&+/$16,6)01% 23)% 8$% 4&0-3)6;% U1% ,36&$% 40)16% -$% 73$% /3&% 8$

8,15,5$>%($83)%-?31$%40+6)23$>% 6|(9$&,%-$%4$1/$&%31% 8,15,5$%-$%1,63&$%a%$/69+6)23$%b>

,H,16%/,%B)1%-,1/%/,%4&04&$%$[4&$//)01%b>%6&,-3)/,16%31$%a%)'4&$//)01%-$/%)(")%b;%f1%8$

70)6>% 8?31)7$&/% -3% 8,15,5$% 40+6)23$>% (016&,)&$'$16% \% ($83)% -3% 8,15,5$% 0&-)1,)&$>% $/6

($83)%-3%/3C$6>%-3%7)7&$>%-$%8?$[4+&)$1($;%S?,44&0(9$%-3%8,15,5$%23?$88$%/0)6%($88$%-?31$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`Y]%8FGH1<FID1>%!">%Br!X%o%Br"X_;`Y!%8FGH1<FID1>%]V>%Br]]o%Br]VX;`Y"%F')8$%A$17$1)/6$>%a%S,%49)80/049)$%,1,8H6)23$%$6%8$%8,15,5$%b%k]^`"m>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;%!_X;`YX%I,(7;>%4;%!_`;`YY%8FGH1<FID1>%]^>%Br"o%Br]V^;

Marcelo
Marcelo

!"`

4&,5',6)23$>%-?31%&+,8)/'$>%03%-?31$%69+0&)$%-$%8,%(0''31)(,6)01>%$/6%603C03&/%-?31$

',1):&$% 03% -?31$% ,36&$% 31$% /0&6)$% :&%)% -3% 8,15,5$% k(?$/6% ,3//)% 8$% &$4&0(9$% 23$

A$17$1)/6$% B,)/,)6% \% 8,% 69+0&)$% -3% /)51$>% ($88$P()% )'48)23,16% 31$% &+B+&$1($% :&%)# ,/

)-."(%M% a%.,1/% 8$% 8,15,5$% 0&-)1,)&$>% )8% H% ,% % 8$/% /)51$/>% $6% )8% H% ,% 8$% &+B+&$16% k0@C$6% 03

/)63,6)01m%23)%$/6%90&/%-3%/)51$%b`Y`m;%D3%(016&,)&$>%8,%&+B+&$1($%-3%8,15,5$%40+6)23$%$/6

)16+&)$3&$%\%83)>%$88$%$/6%4&0-3)6$%4,&%83)%h%(?$/6%($%23)%B,)6%4&+()/+'$16%-$%83)%31%8,15,5$

40+6)23$;% #$% -)/,)/% 483/% 9,36`Y_% 23$% ($8,% 4037,)6% 103/% &,44$8$&% 8?*/'&'53-)7(% 23$

-+B)1)//,)6%L0',1%#,d0@/01%(0''$%(,&,(6+&)/,16%8,%=&"2'-&"#$&5'-4/(;%G03&%#,d0@/01

8,% B01(6)01% 40+6)23$% 1?$/6% 4,/% 4,&6)(38):&$% ,3% 40:'$% /$38$'$16>% $88$% 4,&6)()4$% ,3

8,15,5$%-,1/%/01%$16)$&>%(?$/6%8$%B,)6%23$%8$%'$//,5$%-,1/%/01%0&5,1)/,6)01%4,&6)(38):&$

,66)&$% /3&% 83)P'e'$% $6% 403&% 83)P'e'$% 8?,66$16)01%h% )8% 4,&8$% -$% 8,% a%4,84,@)8)6+% -$/

/)51$/%b% ka#':(#$*3$*O-3-'Q#&=# )-.")#b`YVm;% #,d0@/01%-+B)1)6% ,)1/)% 8,% B01(6)01%40+6)23$%M

a%R:(# )('# b1-")'(33/"._# '&^*%,# ':(#S1>>Fm1# *)# )/2:+# =&2/)# &"# ':(#7())*.(# =&%# -')

&^"# )*\(+# -)# ':(# $&('-2# =/"2'-&"# &=# 3*"./*.(%b>% 23$% C$% 6&,-3)/% ,)1/)%M% a%S$

40/)6)011$'$16% kF)1/6$88315m% 7$&/% 8$%=FQQD*F% (0''$% 6$8>% 8,%')/$% ,3% 40)16% /3&% 8$

'$//,5$%403&%83)P'e'$>%$/6%8,%B01(6)01%40+6)23$%-3%8,15,5$%b`Y^;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`Y`%a%.,1/%8$%8,15,5$%0&-)1,)&$>%%)8%H%,%%8$/%/)51$/>%$6%)8%H%,8$%&+B+&$16%%%k0@C$6%03%%%/)63,6)01m%%23)%$/6%90&/%-3

/)51$>%-,1/%8$%'01-$>%'e'$%/)%($%&+B+&$16%$/6%43&$'$1610+6)23$%k4;%$[;%31%&,)/011$'$16%-$%805)23$m%%%%F1%40+/)$%%%8$%&$B+&$16%%$/6%%\%%8?)16+&)$3&%%-$

8?$[4&$//)01%%23)%8$/%+101($%h%(?$/6%403&230)%8$%8,15,5$

40+6)23$%&$170)$%\%83)P'e'$;%b8FGH1<FID1>%`>%Br!%o%Br!;`Y_%i0)&>%4;%]V^;`YV%a%R:-)#=/"2'-&"+#OQ#$%&7&'-".#':(#$*3$*O-3-'Q#&=#)-.")+#,(($(")#':(#=/",*7("'*3#,-2:&'&7Q#&=#)-.")*",#&O@(2')0%b%%k~#$%6&,-3)/%MÄ%a%K$66$%B01(6)01>%$1%4&0'037,16%8,%4,84,@)8)6+%-$/%/)51$/>%&$1-%483/4&0B01-$%8,%-)(9060')$%B01-,'$16,8$%-$/%/)51$/%$6%-$/%0@C$6/%bm;%kL0',1%#,d0@/01>%a%K01(83-)15Q6,6$'$16;%S)153)/6)(/%,1-%G0$6)(/t%b%)1%>'Q3(#-"#<*"./*.(%k%O;%D;%Q$@$0d%k$-;m>%=JO%G&$//>%K,'@&)-5$>]^`Z>%4;%"Y`m;%J8%/?,5)6%-3%'0'$16%0g%L;%#,d0@/01%-+B)1)6%8,%a%B01(6)01%40+6)23$%b;%G03&%8,%6&,-3(6)01B&,1T,)/$%4,&%l;%L3E$6>%/$%&+B+&$&%,3[%1))*-)#,(#3-"./-)'-4/(#.5"5%*3(>%=)13)6>%G,&)/>%]^`">%%4;!]V;#,d0@/01%4,&8$%+5,8$'$16%483/%9,36%É%8,%49&,/$%$/6%-,7,16,5$%(0113$%É%-$%a%B0(3/%01%69$%'$//,5$%B0&%)6/0E1%/,d$%b%kl;%L3E$6%6&,-3)6%a%8?,(($16%')/%/3&%8$%'$//,5$%403&%/01%4&04&$%(0'46$%bm`Y^%S,%6&,-3(6)01%-$%l)(08,/%L3E$6%1?$/6%4,/%$[,(6$;%l;%L3E$6%+(&)6%M%a%S,%7)/+$%kF)1/6$88315m%-3'$//,5$%$1%6,16%23$%6$8>%8?,(($16%')/%/3&%8$%'$//,5$%403&%/01%4&04&$%(0'46$>%$/6%($%23)%(,&,(6+&)/$%8,B01(6)01%40+6)23$%b>%L0',1%#,d0@/01>%1))*-)#,(#3-"./-)'-4/(#.5"5%*3(>%G,&)/>%=)13)6>%]^`">%4;%!]V;a%Q$6%b>%1?$/6%4,/%8,%7)/+$>%',)/%8$%&+58,5$%-?31%,44,&$)8>%23$%8?01%4$36%,)1/)%'$66&$%-,1/%31$%40/)6)01%0331$%,36&$>%8,%B01(6)01%49,6)23$>%43)/%8,%B01(6)01%40+6)23$%�%($%23$%B,)6%8?,&6)(8$%-$%#,d0@/01;%.$%483/a%F)1/6$88315%b>%(?$/6%$1%,88$',1-%31%6$&'$%-?046)23$%23)%-+B)1)6%8$%&+58,5$>%8,%')/$%,3%40)16%-?31,44,&$)8;%D)1/)>%a%B0(3/%b>%(?$/6%7&,)'$16%8,%a%')/$%,3%40)16%b>%(0''$%01%&+58$&,)6%31%,44,&$)8%-$%'$/3&$>31%,44,&$)8%490605&,49)23$>%($%1?$/6%4,/%8?a%,(($16%b;

!"_

K9$I%#,d0@/01>%01%&$/6$%$1B$&'+%-,1/%31%B0&',8)/'$;%S,%40&6+$%-$% 8,% B01(6)01

40+6)23$%7,%/$%&+-3)&$%\%8,%(01/6,6,6)01%-$%&+4+6)6)01/>%-$%4,&,88+8)/'$/>%-?0440/)6)01/>

\%-$%8,%/6&3(63&$;%S$%/$16)'$16%-?31$%a%4,84,@)8)6+%-$/%/)51$/%b>%23)%$/6%8$%(&)6:&$%-$%8,

B01(6)01% 40+6)23$>% 1$% 4$&'$66&,% 4,/% -$% B,)&$% 8,% -)BB+&$1($% $16&$% 31% (,8$'@03&% $6% 31

40:'$;%Q)%8?,1,8H/6$%&$4:&$%31$%/+&)$%,88)6+&,16$%03%-$/%0440/)6)01/%49010805)23$/>% 8$

4&0@8:'$% $/6% 23?)8% 1?H% ,3&,% 4,/% -?,1,8H/$% ,3P-$8\% -$% 8,% (01/6,6,6)01%h% 8?,1,8H/$% $/6

@8023+$%4,&($%23?$88$%1?$/6%4,/%9)/60&)$11$>%4,&($%23?$88$%1?,66$)16%4,/%8,%-)'$1/)01%-3

/$1/>%-$%8?)17$16)01%-$%8,%/)51)B),1($;%S?+63-$%-3%40:'$%<()#B:*')%4,&%S+7)PQ6&,3//%$6

#,d0@/01%1?,%4,/%403&%7)/+$%-$%'016&$&%(0''$16%A,3-$8,)&$%-+(037&$%31%/$16)'$16>

31%7)7&$>% (0''$16% )8% &+)17$16$%31$%5&,'',)&$;%S$%40:'$%403&% $3[% $/6% 8\>% $//$16)$8>

23$% 8?01% 4$36% ,@/6&,)&$% 4,&% ,1,8H/$%h% \% ,3(31% '0'$16% )8/% 1?)16$&&05$16% 8$3&% 4&04&$

&$5,&->%\%,3(31%'0'$16%($%&$5,&-%1?$/6%&$')/%$1%23$/6)01%4,&%8$%40:'$>%\%8,%8)')6$%)8

1?H%,%4,/%-$%&$5,&->%8?,1,8H/6$%/0&6%-3%40:'$%(0''$%)8%H%$/6%$16&+>%$6%8$%8$(6$3&%,7$(;

G,&8,16%-$%3*".*.(#$&5'-4/(%A$17$1)/6$%1$%/?,&&e6$%4,/%\%(01/6,6$&%8?,66&,)6%23?31

'$//,5$%8)153)/6)23$%4,&%-$/%,88)6+&,6)01%03%-?,36&$/%C$3[%4901)23$/%4$36%4&07023$&%h%)8

H%,%(9$I% 83)%,7$(% 8$%40:'$%31%$1C$3%-$%&+,8)6+>%-$%4$1/+$>%31%$1C$3%-$% 8,15,5$%$6%-$

(3863&$%23?)8%1?H%,%4,/%(9$I%#,d0@/01%80&/23?)8%4,&8$%-$%a%B01(6)01%40+6)23$%b>%$6%23?)8

1?H% ,% 4,/% 101% 483/% -,1/% /01% ,1,8H/$% ,7$(% S+7)PQ6&,3//% -3% 40:'$% <()# B:*');% G03&

'+'0)&$>%01%-011$%)()%31%$[6&,)6%-$%($66$%,1,8H/$>%$[6&,)6%0g%($%1$%/016%4,/%-$/%C$3[%-$

&+4+6)6)01/%03%-?0440/)6)01/%49010805)23$/%-016%)8%$/6%23$/6)01>%',)/%-$%5&,'',)&$>%-$

/3@/6,16)B>% -$% ',/(38)1>% B+')1)1>% /)1538)$&% $6% 483&)$8% É% (0''$% /)% ($/% (,6+50&)$/

$[)/6,)$16%$1%/0)>%$6%(0''$%/)%$88$/%1?0&5,1)/,)$16%4,/%31%'01-$%M

S$% &,440&6% +6&0)6% $16&$% 8$% (8,//$'$16% -$/% &)'$/% $6% 8$% (90)[% -$/% (,6+50&)$/5&,'',6)(,8$/%'$6%$1%&$8)$B%8$%&w8$%)'40&6,16%23$%C03$16%8,%5&,'',)&$%,)1/)%23$%8,%&)'$-,1/%8,%/6&3(63&$%-$%($%/011$6;O03/%8$/%7$&/%B)1)//$16%$1%-$/%10'/>%/0)6%/3@/6,16)B/%kVm>%/0)6%,-C$(6)B/%k`m;%O03/%($/

/3@/6,16)B/% /016% ,3% B+')1)1;% S$% 10'% B)1,8% $/6% ,3% 483&)$8% -,1/% 8$/% 93)6% 7$&/% \% &)'$B+')1)1$>%23)%603/%/016%483/%8015/>%03%@)$1%-?31$%/H88,@$%-,1/%8,%10&'$%6&,-)6)011$88$>%03@)$1%-?31$%(01/011$%40/6P70(,8)23$%-,1/%8,%4&0101(),6)01%-?,3C03&-?93)>%6,1-)/%23$%8$/7$&/% 483/% @&$B/>% ($3[% \% &)'$% ',/(38)1$>% /$% 6$&')1$16% -,1/% 8$/% /)[% (,/% 4,&% 31% 10'/)1538)$&;``Z

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%``Z%L0',1%#,d0@/01%$6%K8,3-$%S+7)PQ6&,3//>%i#<()#2:*')#n#,(#B:*%3()#8*/,(3*-%(>%+63-$%4,&3$%\8?0&)5)1$%-,1/%8,%&$73$%<A[&77(+#P>%]^`!>%4;%YP!]>%&$4&)/$%-,1/%8$%7083'$%-?,&6)(8$/%kL0',1%#,d0@/01mZ/()'-&")#,(#$&5'-4/(>%Q$3)8>%G,&)/>%]^_">%4;%XZ!;

Marcelo
Marcelo

!"V

S?,1,8H/$%/$'@8$% B0&6$>%',)/% 8?,1,8H/6$%1$% /,)6%23$% B,)&$%-$%($%23?)8% 6&037$;%K$

23)% $/6% 6&:/% +6011,16% -,1/% ($66$% ,1,8H/$>% $6% -,1/% 6036$% 8,% /+&)$% -$% 4$6)6$/% ,1,8H/$/

/3(($//)7$/% 23)% (01/6&3)/$16% 8?+63-$>% (?$/6% 23$% 6036% $1% 6&,7,)88,16% ,7$(% 31$% 5&,1-$

4&+()/)01% /3&% 8$% 40:'$% -$%A,3-$8,)&$>% #,d0@/01% $6% S+7)PQ6&,3//% 1$% -)/$16% &)$1% -$% 3*

3*"./(# ,(# 8*/,(3*-%(>% -$% ($% 23?$88$% )17$16$;% J8/% 70)$16% -3% B01(6)011$'$16>% ',)/% ($

23?)8/% 70)$16% $/6% 23$8(0123$>% (?$/6% 31$% /6&3(63&$>% (?$/6% ($% 23$% 1?)'40&6$% 23$8% 40:'$

B,)6>%($%23$%8,%8,153$%/)'48$'$16%B,)6;%S,%a%5&,'',)&$%-$%8,%40+/)$%b%23)%/$'@8$&,%31

4&0C$6% (9$I% #,d0@/01% 80&/23?)8% )16)638$% 23$823$/% ,11+$/% 483/% 6,&-% $1% ]^`V% 31% ,&6)(8$

a%G0+/)$% -$% 8,% 5&,'',)&$% $6% 5&,'',)&$% -$% 8,% 40+/)$%b% ka%K&('%Q# &=# m%*77*%# *",

m%*77*%#&=#K&('%Q%bm% &$/6$% ($66$%'e'$%5&,'',)&$% ,3% /$1/% &$/6&$)16% $6% 10&',6)B;%K$

1?$/6% 4,/% 8,% 5&,'',)&$% 6$88$% 23?31%40:6$% 8,% &+)17$16$>%'e'$% /)% #,d0@/01% \% 8,% B)1% -$

8?,&6)(8$% +(&)6%M% a%*",+# =-"*33Q+# ^(# *$$%&*2:# ':(# 9-'*3# 4/()'-&"# &=# :&^# *# $&('-2# ^&%\

(N$3&-')#':(#(N'*"'#-"9("'&%Q#&=#7*)'(%3Q#,(9-2()#=&%#*#"(^#(",#*",#%(`(9*3/*'()#':(7

-"#':(#3-.:'#&=#':(-%#"&9(3#'*)\%b%``]%É%a%$6>%$1B)1>%103/%,44&0(901/%8,%23$/6)01/%7)6,8$%-$

8,% ',1):&$% -016% 31$% v37&$% 40+6)23$% $[480)6$% 8?)17$16,)&$% $[)/6,16% -$% 4&0(+-+/

',5)/6&,3[%403&%31$%1037$88$%B)1%$6%8$/%&+P+7,83$%\%8,%83'):&$%-$%8$3&%6,(9$%)1+-)6$%b%kC$

6&,-3)/m;%S,%&+B8$[)01%-$%#,d0@/01%\%4&040/%-$%8,%40+/)$%$/6%4&)/011):&$%-?31$%(&0H,1($

B0&',8)/6$>% \% /,70)&% 23$% ($% 23)% (01/6)63$&,)6% 8,% 40+/)$% ($% /016% 8$/% 4,&,88+8)/'$/>% 8$/

&+4+6)6)01/;%.,1/% a%K&('%Q# &=#m%*77*%# *",#m%*77*%# &=# K&('%Q%b>% #,d0@/01% 1$% B,)6

23$%-+48,($&%\%8?+(9$88$%-$%($%23?)8%,44$88$%8,%a%5&,'',)&$%b%/01%(&)6:&$%-$%40+6)()6+%M

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e'$% (01($465&,'',6)(,8% -$7)$16% 31% 4&0(+-+% 40+6)23$% $BB)(,($;% O036$% -$/(&)46)01% 101% 4&+7$13$>,66$16)7$>%$[9,3/6)7$>% 606,8$>%-$% 8,% /+8$(6)01>%-$% 8,%-)/6&)@36)01%$6%-$% 8?)16$&P&$8,6)01%-$/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%``]%L0',1%#,d0@/01>%a%G0$6&H%0B%*&,'',&%,1-%*&,'',&%0B%G0$6&H%b%k]^`Z>%$6%&+7)/+%$1%]^`Vm>%)1>(3(2'(,#]%-'-".)>%III>%K&('%Q#&=#m%*77*%#*",#m%*77*%#&=#K&('%Q>%=03601%G3@8)/9$&/>%S,%<,H$%É%G,&)/É%l$E%Ñ0&d>%]^V]>%4;%^_;%i0)()%8,%6&,-3(6)01%B&,1T,)/$%4,&%D1-&+%#,&&H%M%a%(0''$16%31$%v37&$40+6)23$>%B,($%,3[%4&0(+-+/%$1%9011$3&%-016%8?)17$16,)&$%83)%$/6%8+53+>%8$/%$[480)6$P6P$88$%\%31$%B)11037$88$>%$6%8$3&%-011$P6P$88$%31$%7,8$3&%1$37$>%\%8,%83'):&$%-$%8$3&/%B01(6)01/%1037$88$/%p%b>%L0',1#,d0@/01>%a%G0+/)$%-$%8,%5&,'',)&$%$6%5&,'',)&$%-$%8,%40+/)$%b%k6&,-3)6%-$%8?,158,)/%4,&%D1-&+%#,&&Hm>%)1Z/()'-&")#,(#$&5'-4/(>%Q$3)8>%G,&)/>%]^_">%4;%!"];``!%L0',1%#,d0@/01>%a%G0$6&H%0B%*&,'',&%,1-%*&,'',&%0B%G0$6&H%b%k]^`Z>%$6%&+7)/+%$1%]^`Vm>%)1>(3(2'(,#]%-'-".)>%III>%K&('%Q#&=#m%*77*%#*",#m%*77*%#&=#K&('%Q>%=03601%G3@8)/9$&/>%S,%<,H$%É%G,&)/É%l$E%Ñ0&d>%]^V]>%4;%^!P^";

!"^

-)7$&/$/% (8,//$/% '0&490805)23$/% $6% -$/% -)7$&/$/% (01/6&3(6)01/% /H16,[)23$/% -,1/% 3140:'$%-011+%/3&4&$1-%8$%4&,6)()$1%83)P'e'$%4,&%8,%4&+/$1($%)1,66$1-3$>%B&,44,16$/>%-$/H'+6&)$/%$6%-?,16)/H'+6&)$/>%4,&%8?+23)8)@&$%$16&$%/6&3(63&$/>%4,&%8?,((3'38,6)01%$BB)(,($-$% B0&'$/% +23)7,8$16$/% $6% -$% (016&,/6$/% /,)88,16/>% $1B)1% 4,&% -$/% &$/6&)(6)01/% /6&)(6$/40&6,16%/3&%8?)17$16,)&$%-$/%+8+'$16/%'0&490805)23$/%$6%/H16,[)23$/%,3[23$8/%,%&$(03&/8$%40:'$>%($/%+8)')1,6)01/%4$&'$66,16>% $1% &$603&>%-$% /,)/)&% 8$% C$3%4,&B,)6$'$16%',{6&)/+-$/%+8+'$16/%$BB$(6)7$'$16%36)8)/+/;``"

K?$/6%8$%/6&3(63&,8)/'$;%S$%40)16%-$%73$%1?$/6%4,/%)16$&&05+>%(?$/6%(0''$%/?)8%1?H

$1%,7,)6%4,/;%S0&/23$%A$17$1)/6$%+(&)6%M%a%8$% 8,15,5$%40+6)23$%,%/,%B)1%-,1/%/,%4&04&$

$[4&$//)01%h%)8%/?,(9:7$%-,1/%/,%4&0-3(6)01%b>%01%/$&,)6%-,1/%31%4&$')$&%6$'4/%6$16+%-$

&,44&0(9$&%($%4&040/%-$%($83)%-$%#,d0@/01>%-$%/,%',1):&$%-$%4$1/$&%31$%a%4,84,@)8)6+

-$/% /)51$/%b>%',)/% (9$I%A$17$1)/6$% /)% a%8$% 8,15,5$% 40+6)23$% ,% /,% B)1% -,1/% /,% 4&04&$

$[4&$//)01%b>%03%a%&$170)$%\%83)P'e'$%b``X>%(?$/6%4,&($%23$%($%8,15,5$%40+6)23$%-+B)1)6

31%7)7&$P8,15,5$>% 31% 8,15,5$%7+(3% (0''$%$[4+&)$1($>% $6% 8?)17$16,16;% Q3&% 31% B$3)88$6

23)%1?,44,&6)$16%4,/%,3%-0//)$&%a%A,3-$8,)&$%b>%01%4$36% 8)&$%,)1/)% M%a%i)7&$% 8$% 8,15,5$

oO036%$/6%8\%M%-,1/%8$%8,15,5$%,//3'+%$6%7+(3%(0''$%$[4+&)$1($%93',)1$>%&)$1%1n,%483/

8$%'e'$%/$1/%23$%-,1/%8,%8,153$%4&)/$%(0''$%/H/6:'$%B0&'$8%$6%-+(&)6$%-3%-$90&/%b``Y;

K$%-$90&/>%(?$/6%($83)%-3%/6&3(63&,8)/'$>%($83)%-$%#,d0@/01%$6%S+7)PQ6&,3//%-$7,16%31

40:'$%h%$1%-$90&/%-3%40:'$;%K?$/6%,3//)%($%-$90&/%23?)'48)23,)6%8,%69+0&)$%-3%/)51$>

31$%&+B+&$1($%:&%)%-3%/)51$;%U1%$1%-$90&/%23)%B)1,8$'$16%$/6%/3440/+%4,&%6036$%69+0&)$

-3%8,15,5$%23)%1?$/6%4,/%31$%$&5'-4/(;

S,% 40+6)23$% -$%A$17$1)/6$% 1?$/6% 4,/% 8,% a%B01(6)01% 40+6)23$%b% -$% #,d0@/01>% 23)

(9$&(9$%\%6$1)&%$1/$'@8$%8?0&-)1,)&$%$6%8$%8)66+&,)&$%',)/%403&%B)1,8$'$16%1$%483/%&+3//)&

\% B,)&$% 8,% -)BB+&$1($% $16&$% 31% /805,1>% I# 3-\(# I\(>% $6% 31% 40:'$% -$% A,3-$8,)&$;% K9$I

A$17$1)/6$%8$%40:'$%1?$/6%4,/%C3/6$%31$%B01(6)01%-3%8,15,5$>%8$%8,15,5$%$/6%40+6)23$>

(?$/6%/,%-+B)1)6)01;%a%G0+6)23$%b%(9$I%#,d0@/01%1?$/6%4,/%a%40+6)23$%b%(9$I%A$17$1)/6$%h

)8% H% ,% 31% $1C$3% -?9)/60)&$>% -$% (3863&$>% -$% 7)$% (9$I% A$17$1)/6$% 23?)8% 1?H% ,% 4,/% (9$I

#,d0@/01;%#,d0@/01%4&+()/+'$16%1$%&$(011,{6%4,/%($66$%,(6)7)6+%$&5'-4/(%-3%8,15,5$;

A$17$1)/6$% +(&)6% a%8$% 8,15,5$% 40+6)23$% ,% /,% B)1% -,1/% /,% 4&04&$% $[4&$//)01%h% )8

/?,(9:7$% -,1/% /,% 4&0-3(6)01%b>%',)/% ($8,% 1$% /)51)B)$% 4,/% 23$% 8$% 8,15,5$% 40+6)23$% 1$

4&0-3)/$%&)$1>%&$/6$%B)5+%$1%83)P'e'$%k31%*/'&'53-)7(%m%M%)8%4&0-3)6%,3%(016&,)&$%23$823$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%``"%L0',1%#,d0@/01>%a%G0+/)$%-$%8,%5&,'',)&$%$6%5&,'',)&$%-$%8,%40+/)$%b%k6&,-3)6%-$%8?,158,)/%4,&D1-&+%#,&&Hm>%)1%Z/()'-&")#,(#$&5'-4/(>%Q$3)8>%G,&)/>%]^_">%4;%!!YP!!`;``X%ADU.FSDJLF>%`>%Br!%o%Br!;``Y%F')8$%A$17$1)/6$>%106$%',13/(&)6$%(01/$&7+$%\%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($;%kGDG;%fL;%"Z>$17$8044$%!>%Br!X];m

Marcelo

!XZ

(90/$% \% 230)% 8$% 8,15,5$% 0&-)1,)&$% $/6% /03&->% 31$% a%/+')0805)$% 1037$88$%b```>% 31$

1037$88$% )16$&4&+6,1($% -$/% (90/$/;% F1% ($8,% 8,% 40+6)23$% -$% A$17$1)/6$% 1?$/6% 4,/% 31$

$/69+6)23$%k,3%/$1/%6&,-)6)011$8%-3%'0)1/m%M%80&/23?)8%-+B)1)6%8$%8,15,5$%40+6)23$%(0''$

a#()':5'-4/(#b%,7$(%8$/%53)88$'$6/%-?31$%,1,8H/$%É%a%S$%8,15,5$%40+6)23$%,%/,%B)1%-,1/

/,%4&04&$% $[4&$//)01%h% )8% /?,(9:7$%-,1/% /,% 4&0-3(6)01;% Q,% 1,63&$% $/6% a%$/69+6)23$%b>% (

\;-;% )8% 6&,-3)6%31$% )'4&$//)01%-$/% /$1/%bm%É>% \% ($66$%a%$/69+6)23$%b% $/6% )''+-),6$'$16

,//0()+$%8?$[4+&)$1($%4$&/011$88$>%31$%/3@C$(6)7)6+%0&)5)1,8$;%K?$/6%($%23)%&$//$'@8$%,3

4&$')$&%,@0&-%\%31$%4/H(90805)$%$6%\%31%/$1/3,8)/'$>%$6%23)%-$7)$16%31$%8)153)/6)23$;

K$66$%a%)'4&$//)01%-$/%/$1/%b%$/6%/+')0805)23$;

G,&% 0440/)6)01% ,7$(% ($% 8,15,5$% 40+6)23$% 23)% B,)6% 8?)17$16)01% -$% 8,% 7,8$3&>% -$

3A-7$%())-&"# ,()# )(")>% 8$% 8,15,5$% 0&-)1,)&$>% 83)>% $/6% ,(6)01% &+$88$>% (0''31)(,6)01>

0@C$(6)7)6+>% 4&)/$% /3&% 8$% '01-$�%f1% 70)6% )()% A$17$1)/6$% 0440/$&% -$3[%',1):&$/% -$

4$1/$&% 8?,(6)01% -3% 8,15,5$>% 31$% 4&,5',6)23$% $6% 31$% 40+6)23$;% S$% 8,15,5$% 0&-)1,)&$

230)23?,44,&,)//,16% 483/% )''+-),6% $6% 483/% $BB)(,($% 1$% (&+$% &)$1>% )8% $/6% 8$% 13'+&,)&$

B,()8$% $6% &$4&+/$16,6)B% -$% =,88,&'+>% 8,% 4):($% -$% '011,)$% -+40/+$% -,1/% 8,% ',)1% ("

)-3("2(;

% f1% ,% -)6% 23$% A$17$1)/6$% -,1/% 31% ',13/(&)6% 4,&8,)6% -?31$% a%B01(6)01

4&,5',6)23$%b``_% -3% 40:'$;% K$66$% a%B01(6)01% 4&,5',6)23$%b% 23?)8% ,//0()$% \% 31$

a%B01(6)01%/+',16)23$%b>%-+B)1)6%8$%'0-$%-?,(6)01%4,&6)(38)$&%-3%8,15,5$%40+6)23$;%Q01

=*-%(;%=,)/%($% =*-%(%$/6%23$/6)011+%-:/%23$%A$17$1)/6$%4,&8$%-$%8,15,5$%$&5'-4/(;%f1

70)6%23$%($/%-$3[%-)'$1/)01/%/$%&$(037&$16>%03%4836w6%23$%8?,(6)7)6+%-?31%40:'$%$/6%/,

40+6)23$;%

.,1/%31% ,36&$% B$3)88$6>%A$17$1)/6$%40/$% (8,)&$'$16% 8,%23$/6)01%-?31% ,(6)7)6+%-3

40:'$>%$1%&$'06)7,16%-$%1037$,3%8,%7,8$3&%-3%6$&'$%a%40+6)23$%b%-,1/%8$%/$1/%-$%<*

K&5'-4/(%-?D&)/606$%M

S,153$G0+6)23$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%```%8FGH1<FID1>%!!>%BrY"%o%Br"ZY;``_%F1%40+/)$%8$/%a%'06/%b%%%%%016%4,&%8$3&%(90)[%%%%%$6%8$3&%C01(6)01>%31$%%%%%-03@8$%B01(6)01%%%%%\%8n+5,&-%-$%8?)1-)P%%%%%7)-3;%%%%%%%%%%R01(6)01%/+',16)23$%%%%%%%%%%R01(6)01%4&,5',6)23$8FGH1<FID1>%!">%Br!X%o%Br"X_;

Marcelo

!X]

S,%40+/)$%8,%8,153$%40+6)23$%$6%483/%4&+()/+'$16%8,%40+6)23$%%%%%%%%%%%%1$%%(01/)/6$%4,/%\%-)&$%%%>%',)/%\%B,)&$;%%%F88$%403&/3)6%%%%%8,%4&0-3(6)01%-?31%%%%%%%%%%%31%($&6,)1%$BB$6>%+'06)011$8%$6%$/69+6)23$;%D%($66$%%%%%%%%%%%B)1%/016%$'480H+/%-$/%'0H$1/%8)153)/6)23$/;

%%%%%%%%%%%%J8%$1%&+/386$%23$%/$38$/%/$&016%36)8)/+$/($&6,)1$/%4&04&)+6+/%-3%8,15,5$>%4&04&)+6+/%/010&$/$6%4&04&)+6+/%-$%/$1/;%K?$/6%$1%B01(6)01%-$%($/%%4&04&)+6+/%23$%8?,36$3&%k%8$%a%B,)/$3&>%40):6:/tm

%%%(90)/)&,%$6%(0'@)1$&,%8$/%+8+'$16/%8)153)/6)23$/;``V

A$17$1)/6$%B,)6%(8,)&$'$16%&+B+&$1($%\%D&)/606$;%l0601/%23?)8%1$%4,&8$&,%-,1/%/$/

',13/(&)6/% 23?\% 6&0)/% &$4&)/$/% -$% 3*% 40+6)23$%``^%h% )8% $/6% )16+&$//,16% -$% &$',&23$&

(0''$16% )()% ($66$% $[4&$//)01% ,&&)7$%M% a%S,% 40+/)$% 8,% 8,153$% 40+6)23$% $6% 483/

4&+()/+'$16% 8,% 40+6)23$%b;% f1% 7,% ,)1/)% -$% a%8,% 40+/)$%b% k@,&&+$m>% \% 8,% a%8,153$

40+6)23$%b%C3/23?\%31$%4&+()/)01%$1%a%8,%40+6)23$%b;%f1%4,//$%-?31$%-)'$1/)01%-?0@C$6

03%-?+6,6%k8,%40+/)$>%8,%8,153$%40+6)23$m%\%8,%-)'$1/)01%-?31$%,(6)7)6+>%$6%-?31%/,70)&>

-?31$%0&)$16,6)01;

K$66$%a%40+6)23$%b%$/6%)''+-),6$'$16%-+B)1)$%(0''$%31%($&6,)1%'0-$%-?,(6)01>

a%8,% 40+6)23$% 1$% (01/)/6$% 4,/% \% -)&$>%',)/% \% B,)&$%b;%f1% /$&,% -,1/% 31% 4&$')$&% 6$'4/

4$36Pe6&$%31%4$3%+6011+%-$%8)&$%($66$%0440/)6)01%$16&$%,-%(%$6%=*-%(>%$6%23$%8,%7)/+$%-$%8,

40+6)23$% 1$% /0)6% 4,/% -$% ,-%(>% 23,1-% 8$% 4&0C$6% -$% A$17$1)/6$% $/6% @)$1% -?+(&)&$% 31$

3-"./-)'-4/(# ,(# 3*# $&5)-(;% =,)/% @)$1% /c&>% )8% B,36% 8)&$% ($66$% 49&,/$% -,1/% 8$% &,440&6% \

D&)/606$% 23$% A$17$1)/6$% H% B,)6;% a%.)&$%b>% 1?$/6% 4,/% 8?0@C$6% -$% 8,% 40+6)23$>% ',)/% 8$

a%B,)&$%b%40+6)23$%1?$/6%4,/%+6&,15$&%,3%8,15,5$% M% 8,%40+6)23$%403&%4&0-3)&$%/01%(==('>

$'480)$%-$/%7&Q(")# 3-"./-)'-4/();%K$%23?$88$% B,)6>% $88$% 8$% B,)6% -,1/% $6% 4,&% 8$% 8,15,5$;

A$17$1)/6$%4&+()/$%M%a%/$38$/%/$&016%36)8)/+$/%($&6,)1$/%4&04&)+6+/%-3%8,15,5$>%4&04&)+6+/

/010&$/% $6% 4&04&)+6+/% -$% /$1/%b;% S,% 4&040/)6)01% 4$36% /3&4&$1-&$>% (0''$% $88$% /$'@8$

&+-3)&$%8,%40+6)23$%\%31$%4,&6)$%-3%8,15,5$>%$6%\%31$%4,&6)$%-$%/$/%a%4&04&)+6+/%b;%=,)/

$1%'e'$%6$'4/>%8$%/01%$6%8$%/$1/>%403&%31%8)153)/6$%23)%+(&)6%,4&:/%Q,3//3&$>%1$%4$37$16

4,/%e6&$%-$%/)'48$/%4,&6)$/%-3%8,15,5$>%)8/%$1%/016%8$/%(01/6)63,16/%)1-)//0(),@8$/;%F6%8$

8,15,5$%40+6)23$%'$6%-?,@0&-%$1%,(6)01%($%23)%B,)6%8$%4&)1()4$%-3%8,15,5$;

S,%-)/6)1(6)01%23$%A$17$1)/6$%40/$%$16&$%,-%(%$6%=*-%(%&,44$88$%8,%-)/6)1(6)01%(9$I

D&)/606$%$16&$%31%6&,)6+%-$%&9+60&)23$%$6%31%6&,)6+%-$%40+6)23$>%$16&$%31%',1)$'$16%-3

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%``V%8FGH1<FID1>%]V>%Br]]o%Br%Br]VX;``^%J8%)16)638$%$1%$BB$6%31$%-$%/$/%4,5$/%M%a%R01-$'$16%-$%8,%40+6)23$%@,3-$8,)&)$11$%b%%k8FGH1<FID1>!!>%Br]`%o%Br!`Vm%h%)8%+(&)6%+5,8$'$16%M%a%K?$/6%31$%-$/%(01-)6)01/%$//$16)$88$/%-$%8,%40+6)23$%M%23$%8$%'061$%/)51)B)$%4,/%k/$38$'$16m>%',)/%23?)8%+7023$%b;%k8FGH1<FID1>%!!>%BrY^%o%Br"]]m;

Marcelo
Marcelo
Marcelo

!X!

-)/(03&/%$6% 8?)17$16)01%-$% 8,% &+,8)6+%4,&% 8$%40:'$;%K9$I%D&)/606$>%(9$I%A$17$1)/6$>% 8$

7+&)6,@8$% =*-%(>% ($83)% 23)% ,% 31$% ,(6)7)6+% +69)23$% $6% 408)6)23$>% (?$/6% 8$% =*-%(% 40+6)23$>

80&/23$% 8,% &9+60&)23$% (01/)/6$% /$38$'$16% \% ,-%(% ka%S$% 8,15,5$% 0&-)1,)&$% $/6

$//$16)$88$'$16% 106)011$8% 7)/,16% \% (0170H$&% 31%'$//,5$>% \% -)&$%b`_Zm;% S,% &+B+&$1($% \

D&)/606$%1?$/6%4,/%/$38$'$16%9)/60&)23$>%',)/%(&)6)23$;%F88$%&$1-%(0'46$%-$%8?03@8)%-$%8,

40+6)23$% ,3%4&0B)6% -?31$% &9+60&)23$;%f1% /$% -$',1-$%'e'$% /)%A$17$1)/6$% 1$% B,)6% 4,/

,44,&,{6&$%31%&$17$&/$'$16%-$/%7,8$3&/>%(0''$%/)%\%4&+/$16%8,%&9+60&)23$%,7,)6%4&)/%8,

48,($%-$%8,%40+6)23$;

G03&% A$17$1)/6$% 8,% &9+60&)23$% ,44,&6)$16% ,3% 8,15,5$% 0&-)1,)&$>% $88$% 4&$1-% 8$

8,15,5$%(0''$%31%)1/6&3'$16%403&%,66$)1-&$%/01%@36%ka%S$%8,15,5$%0&-)1,)&$%,%31%@36

90&/%-$%83)P'e'$>%31$%B)1%$[6+&)$3&$%($88$%-?)1B83$1($&>%-?,5)&>%-$%4&07023$&%31$%,(6)01

03%-?)1B0&'$&%-$%8?+7+1$'$16%b`_]m%h%8,%40+6)23$>%$88$>%,%31$%,(6)7)6+%483/%)17)/)@8$%403&

8?$/4&)6% &+,8)/6$>% ',)/% (?$/6% $88$>% 23)% -3% 40)16% -$% 73$% -?D&)/606$% $6% -$% A$17$1)/6$>

(01/6)63$%31$%,(6)7)6+%&+$88$%ka%8$%8,15,5$%40+6)23$%,%/,%B)1%-,1/%/,%4&04&$%$[4&$//)01%h

)8% /?,(9:7$% -,1/% /,% 4&0-3(6)01;% Q,% 1,63&$% $/6% a%$/69+6)23$%b>% (% \;-;% )8% 6&,-3)6% 31$

)'4&$//)01% -$/% /$1/;%b`_!m;% J8% ,44,&,{6% 23?)8% H% ,% 31% 03@8)% -$% 8,% 40+6)23$>% 31% /$1/% -3

8,15,5$%23)%$/6%-$7$13%&9+60&)23$;

A$17$1)/6$% +(&)6% a%S,% &+B+&$1($% -3% 8,15,5$% 0&-)1,)&$% $/6% -$% 1,63&$% 0@C$(6)7$% É

(01($463$88$;%S,%&+B+&$1($%-$%8,%40+/)$%/3@C$(6)7$%É+'06)011$88$%b%`_">%$6%01%,%@)$1%8$

/$16)'$16%23$%8?a%0@C$(6)B%b%$6%8$%a%(01($463$8%b%/016%8$/%7,8$3&/%23?31$%/0()+6+%)17$/6)6

80&/23$% 8$% a%/3@C$(6)B%b% $6% 8?a%+'06)011$8%b% /016% &$')/% \% 8?,(($//0)&$>% \% 8,

40+/)$;%A$17$1)/6$>%\%4,&6)&%-?D&)/606$>%&$-011$%\%8,%40+6)23$%8$%/$1/%-$%/,%(&+,6)7)6+>%-$

/01%$/69+6)23$>%-$%/01%+'06)01>%-$%/,%a%(0''31)(,6)01%b;%A$17$1)/6$%4,&8$%,)1/)%-?31$

2&77/"-2*'-&"# $&5'-4/(# `_X>% 4,&% 0440/)6)01% \% 8,% (0''31)(,6)01% -,1/% 8$% 8,15,5$

0&-)1,)&$;% S,% (0''31)(,6)01% 40+6)23$% 6&,1/B0&'$% 8$% /3C$6% 23)% 4,&8$>% 8$% /3C$6% 23)

$16$1-%k/01%$1C$3%1?$/6%4,/%8,%6&,1/')//)01%-?31%'$//,5$m%M%a%S,%40+/)$%7$36%/$38$'$16

(0''31)23$&% 31$% +'06)01;% J8% 1?H% ,% 4,/% -$%'$//,5$>% ',)/% /$38$'$16% 31% +7$)8>% 31$

&+($46)7)6+;%b`_Y;%19(-3% $6% %52($'-9-'5% 23)% /016% -$/% 23,8)6+/% -?+(036$>% $6% /016% ,3//)% -$/

23,8)6+/%-$%4&+/$1($%,3%'01-$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`_Z%8FGH1<FID1>%]]>%Br]%o%BrYZ;`_]%8FGH1<FID1>%]^>%Br"%o%Br]V^;`_!%8FGH1<FID1>%]^>%Br"%o%Br]V^;`_"#8FGH1<FID1>%]V>%Br]Z%o%Br]V";`_X%a%S,%(0''31)(,6)01%40+6)23$%(01/)/6$%\%(0''31)23$&%8?+'06)01%,//0()+$%,3[%'06/%23)%8,%40&6$16%$623)%8?)(01)/$16%b%k#8FGH1<FID1>%]!>%BrX%o%BrY`;m;`_Y%ADU.FSDJLF>%]!>%Br!%o%BrYX

Marcelo
Marcelo
Marcelo

!X"

G03&% A$17$1)/6$% 8,% 40+6)23$% 403&/3)6% a%x8,% 4&0-3(6)01% -?31% y% ($&6,)1% $BB$6>

+'06)011$8% $6% $/69+6)23$%b;% J8% +(&)7,)6% ,3//)% -3% 8,15,5$% 40+6)23$%M% a%Q,% 1,63&$% $/6

a%$/69+6)23$%b>%(%\;-;%)8%6&,-3)6%31$%)'4&$//)01%-$/%/$1/;%b`_`;%S?57&'-&"%$/6%8$%10'%-?31

$BB$6%a%)1-)7)-3$8%$6%)1/6,16,1+%b>%8?+'06)01%$/6%31)23$>%$88$%1$%4$36%4,/%/$%&+4+6$&>%(?$/6

31%a%+7+1$'$16%+7,103)//,16%b`__;%K$66$%31)()6+%$/6%/,%(&+,6)7)6+;%S?+'06)01%$/6%1$37$;

F88$% (0&&$/401-% \% 31% @*7*-)`("2&%(`$(%E/`_V;% D% ($8,% /?0440/$% 8$% /)51$% -3% 8,15,5$

0&-)1,)&$%23)% &$170)$% \% 8,% &+,8)6+% (0''31$`_^>% ,3%a%(01($46%b;%A$17$1)/6$% +(&)6% M% a%8$

40:6$%6&,1/'$6%8?$[4+&)$1($>% )8%1$%8,%-+(&)6%4,/%~�Ä%)8%-011$%8?+'06)01>%101%8?)-+$%-$

8?+'06)01%b`VZ;%F6%$1(0&$%31$%B0)/%(?$/6%6036%/,3B%31%/$1/3,8)/'$>%(?$/6%31$%3-"./-)'-4/(

,(#3*#$&5)-(%0g%8?+'06)01%$/6% 8,% 6$13$%$1/$'@8$%-$% 8?)17$16)01%-?31$%B0&'$%-$%7)$%$6

-?31$%B0&'$%-$%8,15,5$;%D)1/)>%8$%8,15,5$%40+6)23$%1$%(011,{6%4,/%8?)-$16)6+>%8$%'e'$>

8$%(0''31>%23)%$/6%8?31)7$&/%-3%8,15,5$%0&-)1,)&$%M

%%%%S$%'$//,5$%-3%40:6$%%%1?$/6%4,/%311111111'$//,5$%%%%%%%%%%%%%%%%%%%101(016$13%%)1B0&',6)B%>%%',)/%%31

4&040/%/3&%8,%/)63,6)01>%',)/%31$%%%%%%%%%%%%%%%%%31$%$[4+&)$1($%;

+'06)01%%B0&6$'$16%%&$//$16)$%%$6%%%%%%%%%%%$1%6$&'$/%%-?)-+$/

-016%%8,%%6&,1/(&)46)01%%)1B0&',6)B7$/%%%%%/$%%B0&'38$%%6&:/%%/)'48$'$16%M6)$1-&,)6%$1%31$%4&040/)6)01%+8+'$16,)&$%M8$%40:6$%6&,1/'$6%8?$[4+&)$1($>%)8%1$%8,%-+(&)6%4,/;%a%103/%'03&01/%\%(9,23$%)1/6,16)8%-011$%8?+'06)01>%101%8?)-+$%-$%8?+'06)01;

S,%6|(9$%%$6%%-3%40:6$%$/6%-$%%%%%%%%%%%%%%%%%%%%%%%%($66$%$[4+&)$1($

6&,1/(&)&$%($66$%+'06)01%-,1/%31$%B0&'$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%$1%)',5$/%%%%8?+101($&%$1%)-+$%>-$%8,15,5$%23)%8?+7023$%/,1/%8,%6&,1/(&)&$

$6%-,1/%-$/%/)51$/%%/+8$(6)B/%$6%-,1/%-$/

/H16,5'$/%%/4+()B)23$/;`V]

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`_`%8FGH1<FID1>%]^>%Br"o%Br]V^;`__%A$17$1)/6$%-)6%($8,%-$%8,%$:%*)(%M%a%S,%49&,/$%$/6%-01(%(9,23$%B0)/%31%+7+1$'$16%-)BB+&$16%h%$88$1?$[)/6$%23$%-,1/%8?)1/6,16%0g%$88$%$/6%4&0B+&+$%$6%/?$BB,($%,3//)6w6%h%(?$/6%31%+7+1$'$16%+7,103)//,16;%b>F')8$%A$17$1)/6$>%a%S,%B0&'$%$6%8$%/$1/%-,1/%8$%8,15,5$%b%k]^``m>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%!!_;`_V%8FGH1<FID1>%!!>%Br"Z%M%Br!V!;`_^%a%8,%8,153$%0&-)1,)&$%4&+/$16$%31$%/$38$%$6%(01/6,16$%(,6+50&)/,6)01%-3%'01-$>%8,%'e'$%403&%603/%b>8FGH1<FID1>%!!>%Br"Z%o%Br!V!;`VZ%8FGH1<FID1>%]!>%BrX%o%BrY`;`V]%8FGH1<FID1>%]!>%BrX%o%BrY`;S)&$%,3//)%Ma%F1%$BB$6%%8,%8,153$%40+6)23$%$/6%)(01)23$6$8%$/6%8$%4&)1()4$%-$%/01%B01(6)011$'$16;%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%-011$

Marcelo

!XX

A$17$1)/6$% 0440/$% 8?,(6)7)6+% -$% a%-+(&)&$% 8?+'06)01%b% $6% ($88$% -$% a%-011$&

8?+'06)01%b;%.+(&)&$>% (?$/6% e6&$% -,1/% 31% &,440&6% &+B+&$16)$8% ,3%'01-$>% 23,1-% ,&""(%

3A57&'-&"% (?$/6% 8,% 4&0-3)&$;% f1% $/6% -$% 1037$,3% 4&0(9$% -$% =,88,&'+>% Q6+49,1$

=,88,&'+%P%a%1,&&$&>%$1/$)51$&>%'e'$%-+(&)&$>%($8,%7,%$6%$1(0&$%23?\%(9,(31%/3BB)&,)6

4$36Pe6&$% 403&% +(9,15$&% 8,% 4$1/+$% 93',)1$>% -$% 4&$1-&$% 03% -$% '$66&$% -,1/% 8,% ',)1

-?,36&3)%$1%/)8$1($%31$%4):($%-$%'011,)$%~�Ä%b`V!;%J()>% 8?57&'-&"%$6% 8?(N$5%-("2(%/016

/H101H'$/%M% a%8$% 40:6$% 6&,1/'$6% 8?$[4+&)$1($>% )8% 1$% 8,% -+(&)6% 4,/% ~�Ä% )8% -011$

8?+'06)01>% 101% 8?)-+$% -$% 8?+'06)01%b% $6% C3/6$% $1/3)6$>% a%S,% 6|(9$% $6% -3% 40:6$% $/6% -$

6&,1/(&)&$% ($66$% +'06)01% x($66$% $[4+&)$1($y%b;% J8% H% ,% -,1/% 8?$[4&$//)01% -$% a%-011$&

8?+'06)01%b%/)'48$'$16%8?)-+$%-?31%,&">%(?$/6P\P-)&$%-?31$%)16$&/3@C$(6)7,6)01;%H&""(%

3A57&'-&"%($%1?$/6%4,/%/$38$'$16%8,%-)&$>%(?$/6%6&,1/B0&'$&%03%)17$16$&%/01%8$(6$3&;%#$

&$',&23,)/% -+C\`V"% 483/% 9,36% ($66$% 106)01% -3% ,&"% (9$I% A$17$1)/6$>% 80&/23?$1% $BB$6% )8

+(&)7,)6% -,1/% a%K034% -?v)8% /3&% 8$% -+7$8044$'$16% -$% 8,% 8)153)/6)23$%b% $1% ]^`"%M

a%S,153$% $6% /0()+6+% 1$% /$% (01T0)7$16% 4,/% 8?31$% /,1/% 8?,36&$;% S?31$% $6% 8?,36&$% /016

-011+$/;%=,)/%,3//)%8?31$%$6%8?,36&$%/016%,44&)/$/%4,&%8?e6&$%93',)1>%23)%1?$1%40//:-$

4,/%8,%(011,)//,1($%)11+$%b#`VX;

G03&% A$17$1)/6$>% 8$% 40:6$% /?)8% 1$% 8,% -+(&)6>% '%*")2%-'% `VYa%($66$% +'06)01% x($66$

$[4+&)$1($y%-,1/%31$%B0&'$%-$%8,15,5$%23)%8?+7023$%x$1%)',5$/y%/,1/%8,%6&,1/(&)&$%x

8?+101($&% $1% )-+$y% $6% -,1/% -$/% /)51$/% /+8$(6)B/% $6% -,1/% -$/% /H16,5'$/% /4+()B)23$/%b;

A$17$1)/6$%-)/6)153$%31$% 6&,1/(&)46)01%$1% -7*.()% k23)%$/6%+70(,6)01%-$% 8?+'06)01>%-$

8?$[4+&)$1($m>%-?31$%6&,1/(&)46)01%$1%)-+$/>%23)%1?$/6%4,/%8$%8,15,5$%40+6)23$;%J8%8,)//$

6&:/% 037$&6$>% 6&:/% 23$/6)011,16$>% ($66$% 106)01% -$% a%B0&'$% -$% 8,15,5$%b% ka%-,1/% 31$

B0&'$%-$%8,15,5$%23)% 8?+7023$%x$1%)',5$/y%bm%h%(?$/6%4$36Pe6&$%/)'48$'$16%23$%($66$%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%K$8,%7$36%-)&$%23?$88$%)')6$%,7$(%-$/%'06/8?)',5$%-$%8,%(90/$%23?$88$%-)6>%$6%101%8?)-+$;%bk8FGH1<FID1>%!!>%Br`%o%Br!YV;m`V!%Q6+49,1$%=,88,&'+>%B%-)(#,(#9(%)>%)1%I.-'/%+#H-9*.*'-&")+#G"#2&/$#,(#,5)>%+-)6)01%-$%A$&6&,1-=,&(9,8>%*,88)',&->%!ZZ">%4;%!Y^;`V"%i0)&%4;%!ZZ;`VX%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b%k]^`"m>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%!^;`VY%f1%&$4$1/$%\%=,88,&'+%23)%4,&8$%-$%a%6&,1/40/)6)01%b%\%483/)$3&/%&$4&)/$/%-,1/%B%-)(#,(#9(%)>%aK$66$7)/+$>%C$%8,%-)/%O&,1/40/)6)01%P%Q6&3(63&$>%31$%,36&$%b%k&$0#2-';%4;%!Y`mh%a#$%'$%B)53&$%4,&%31%)1-+&,()1,@8$/,1/%-036$%4&+C35+%-n+(&)7,)1>%23$%&)$1%1$%-$'$3&$&,%/,1/%e6&$%4&0B+&+h%23$%103/%$1%/0''$/%8\>4&+()/+'$16>%\%&$(9$&(9$&>%-$7,16%31$%@&)/3&$%-$/%5&,1-/%&H69'$/%8)66+&,)&$/%k)8%$1%,%+6+%23$/6)01%483/9,36m%$6%8$3&%+4,&4)88$'$16%$1%B&)//01/%,&6)(38+/%4&0(9$/%-$%8n)1/6&3'$16,6)01>%31%,&6%-n,(9$7$&%8,6&,1/40/)6)01>%,3%S)7&$>%-$%8,%/H'4901)$%03%31)'$16%-$%&$4&$1-&$%106&$%@)$1%b%k&$0#2-';>%4;%!YVm%h%a%D230)%@01%8,%'$&7$)88$%-$%6&,1/40/$&%31%B,)6%-$%1,63&$%$1%/,%4&$/23$%-)/4,&)6)01%7)@&,60)&$%/$801%8$%C$3%-$8,%4,&08$>%($4$1-,16h%/)%($%1n$/6%403&%23n$1%+',1$>%/,1/%8,%5e1$%-n31%4&0(9$%03%(01(&$6%&,44$8>%8,%106)0143&$%b%k&$0#2-';>%4;%!Y^m;

Marcelo
Marcelo

!XY

B0&'$%-$% 8,15,5$%23)% +7023$% 8?+'06)01%$1% )',5$/>% /)% $88$% $/6% 8$%4&)1()4$%-3% 8,15,5$

40+6)23$>% $/6% &+)17$16+$% -$% ',1):&$% )'4&+-)(6)@8$% $6% )1B)1)$% 4,&% (9,23$% 40:'$;% S,

106)01% -$% a%6&,1/(&)46)01%b% É% 106)01% -?+(&)63&$% É% 7,% -,1/% 8$% /$1/% -?31$% &$(9$&(9$% -$

8?-,("'-=-2*'-&"% kA$17$1)/6$% -)6% ,3//)% a%,-+23,6)01%bm% -$% ($66$% B0&'$% -$% 8,15,5$% \

8?+'06)01% 23?$88$% +7023$;% A$17$1)/6$% +(&)6% /3&% 31$% ,36&$% 4,5$% M% a%S$% 40:6$% B,)6% 31$

$[4+&)$1($%1$37$%-3%'01-$%$6% )8% 8,%-+70)8$%4,&%31$%$[4&$//)01%+5,8$'$16%1$37$%b`V`

k10601/%8,%106)01%-$%a%-+70)8$'$16%b>%23?01%&$',&23,)6%-+C\%483/%9,36`V_m;%D7$(%($66$

49&,/$% 23)% (01B01-% 4&$/23$% 8$/% -$3[% 6$&'$/>% 01% 4$1/$% 31$% $[4+&)$1($P$[4&$//)01

1$37$% -3% '01-$% 23$% 8$% 40:6$% B,)6% $6% -+70)8$;% D% 4&040/% -$% 8,% 106)01% -?(N$%())-&">

10601/%23?\% 31%'0'$16%A$17$1)/6$%',&23$% /,% -+B),1($% 4,&% &,440&6% \% ($% 6$&'$%23?)8

6&037$% a%5,87,3-+%$1% /$1/% 6&:/% -)BB+&$16/% b`VV%$6% \% 230)% )8% 4&+B:&$% ($83)% -$

a%7$&@,8)/,6)01%b%M%a%S,%40+/)$%$/6%8,%7$&@,8)/,6)01%-$%8?+'06)01%b`V^;

A$17$1)/6$%+(&)6%$1(0&$%M%a%8$%40:6$%B,)6%/,%8,153$%$6%/01%$[4&$//)01>%'e'$%23,1-

)8% $1% 4&$1-% 8$/% +8+'$16/% -,1/% 8,% 8,153$% 0&-)1,)&$;%f&% 23,1-% )8% ,//$'@8$% 8$/%'06/% $1

40:'$>% )8% (&+$% ,3//)% 8,% &+B+&$1($% \% 8,23$88$% /01% $[4&$//)01% &$170)$%b`^Z;% K$% 23)

'?)16+&$//$% )()>%(?$/6%-?,@0&-%23$%A$17$1)/6$%-)/$%23$% 8$%40:6$% =*-'% /,% 8,153$>%($%23)

+7$)88$%403&%103/%8,%'+'0)&$%23$%8$%40:6$%$/6%403&%83)%8$%a%B,)/$3&%b%,7$(%6036%($%23$

103/%7$101/%-$%-)&$%,3//)%-?31%$1C$3%+69)23$%$6%408)6)23$%-?31$%40+6)23$>% &$4$1/+$%\

4,&6)&% -?D&)/606$;% K$% 23)% $/6% &$',&23,@8$% $1(0&$% É% 01% ,% (0''$1(+% \% 8$% 70)&

,34,&,7,16`^]%É%(?$/6%23$%8,%8,153$%-3%40:6$%1$%/$%-)/6)153$%4,/%-$%8,%8,153$%0&-)1,)&$

-3%40)16%-$%73$%-$/%5357("')%23?$88$%'$6%$1%v37&$>%(?$/6P\P-)&$%-3%40)16%-$%73$%-?31$

-$/(&)46)01% 0@C$(6)7,16$% -3% 40:'$;% D3% 40)16% -$% 73$% -$% ($66$% ,1,8H/$>% 8,% 8,153$% -$

A,3-$8,)&$%1$%/$%-)/6)153$&,%4,/%-$%8,%8,153$%(0''31$;%U1%,36&$%40)16%-$%73$%$/6%($83)

-3%40:'$%M%8?0@/$&7,6)01%-$%8,%',1):&$%-016%8$%40:6$%=*-'%/,%8,153$%$6%/01%$[4&$//)01;

S$%40:6$%6&,1/B0&'$%8,%8,153$%$1%31$%B0&'$%1037$88$%M%a%8$%40:6$%,//$'@8$%8$/%'06/%$1

40:'$%b;%1"# $&;7(>% ($8,% /)51)B)$% 4&04&$'$16% a%$1% ($% 23)% 6&,1/B0&'$% 8,% 8,153$% $6% 8,

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`V`%8FGH1<FID1>%!">%Br"X%o%Br"X_;`V_%i0)&>%4;%]_Y;`VV%(B;#8FGH1<FID1>%!Z>%Br]Z%o%Br!ZX%%a%S$%'$//,5$%40+6)23$%1?,%4,/%403&%0@C$6%%%%%8,%(0''31)(,6)01%-?31$%4$1/+$>%',)/%%%%%8,%7$&@,8)/,6)01%-?31$%+'06)01>%&$//$16)$%\%6&,7$&/%8?)',5)1,6)01%%%%%kC$%-)/%a%7$&@,8)/,6)01%b%403&%+7)6$&%a%$[4&$//)01%b%23)%$/6%5,87,3-+$%$1%%%/$1/%6&:/%-)BB+&$16/>%%$6%403&%-)&$%%a%(017$&/)01%$1%8,15,5$%bm%b`V^%8FGH1<FID1>%!">%Br]!;o%Br""Y;`^Z%8FGH1<FID1>%]V>%Br]Z%o%Br]V";`^]%i0)&%4;%!ZX;

!X`

7)/)01%$1/$'@8$%b%h%A$17$1)/6$% 8?+(&)6%M%a%f&%23,1-% )8%,//$'@8$% 8$/%'06/%$1%40:'$>% )8

(&+$%,3//)%8,%&+B+&$1($%\%8,23$88$%/01%$[4&$//)01%&$170)$%b;

S,% 106)01% -?a%,//$'@8,5$%b% 23$% 8?01% &$',&23$% )()>% ,44,&,{6% \% -$% 10'@&$3/$/

&$4&)/$/%-,1/%8$/%',13/(&)6/%k]^%0((3&&$1($/m%`^!>%,3[%(w6+/%-?,36&$/%106)01/%-$%7,8$3&

4&0(9$%M% ($% /016% 8$/% 106)01/% -$% a%C0)1-&$%b>% a%(01C0)1-&$%b% k^% 0((3&&$1($/m>% -$

a%C01(6)01%b% k]Z% 0((3&&$1($/m>% -$% a%(0'@)1$&%b>% (0'@)1,)/01%b% k]X% 0((3&&$1($/m`^">

-?a%,5$1($'$16%b>% -?% a%,5$1($&%b% k]!% 0((3&&$1($/m>% -?a%,//0()$&%b% k^% 0((3&&$1($/m;

S0&/23$%A$17$1)/6$% +(&)6% 23$% 8$% 40:6$%*))(7O3(% -$/%'06/% 03% -$/% /01/>% ($()% &,44$88$

23$823$% (90/$% -$% 8,% -+',&(9$% (3@)/6$>% $6% -$% 8,% &$(9$&(9$% /3&&+,8)/6$;% G83/

)''+-),6$'$16% É% ',)/% 6036% ($8,% $/6% 8)+% É% 01% &$4$1/$% \% /,% &+B8$[)01% \% 4&040/% -$% 8,

106)01% -$% a%&H69'$%b>% 43)/23?)8% -)/,)6% 106,''$16% -$% ç % 23?)8% +6,)6% a%8,% B0&'$

-)/6)1(6)7$>%8?,&&,15$'$16%(,&,(6+&)/6)23$%-$/%4,&6)$/%-,1/%31%6036%b`^X>%8,%B0&'$%$1%6,16

23$%a%(01B)53&,6)01%b`^Y>%a%B0&'$%-)/6)1(6)7$%h%B)53&$%4&040&6)011+$%h%-)/40/)6)01%b`^`>%8$

6$&'$%a%8$%483/%4&04&$%\%-+(&)&$%-$/%s-)/40/)6)01/t%03%-$/%s(01B)53&,6)01/t%/,1/%B)[)6+

1)% 1+($//)6+% 1,63&$88$% $6% &+/386,16% -?31% ,&&,15$'$16% 603C03&/% /3C$6% \% (9,15$&%b`^_;

.?,36&$%4,&6>%$6%(?$/6%($%23$%103/%,8801/%$[,')1$&%$1%4&$')$&>%01%&$6&037$%-,1/%8?,&6)(8$

a%Q+')0805)$% -$% 8,% 8,153$%b% k]^`^m% 8?+(90% $6% 8,% 403&/3)6$% -$% ($66$% )-+$% 23$% 8$% 40:6$

a%,//$'@8$%b>%a%(01C0)16%b>%a%(0'@)1$%b%-$/%a%'06/%b>%-$/%a%/01/%b;%F6%$1(0&$%31$%B0)/>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`^!%f1%(0'46$%]^%0((3&&$1($/%-$%($%6$&'$/;%F1%70)()%23$823$/%$[$'48$/%M%a%f1%xS$%40:6$y%&$(&+$%-01(31$%/+')0805)$%1037$88$>%4,&%-$/%/%%&)92/:&%%1037$,3[%$6%8)@&$/%-$%'06/%b%k8FGH1<FID1>%!!>%BrY"%oBr"ZYm%h%a%S$%40:6$%,%-01(%8,%6|(9$%x-$%-+(037&)&%$6y%-?/%%&)92&+1-$%',1):&$%,44&04&)+$%8$/%'06/%23)(0170)$&016%8$%/$16)'$16%b%k8FGH1<FID1>%]Y>%Br!%o%Br]ZVm%h%a%F1%40+/)$%)8%1?H%,%4,/%-?)1%-?)16$16+%É)-+$%)8%H%,%31%a%/$1/%b%)16+&)$3&%,3[%'06/>%23)%$/6%B01(6)01%-$%8$3&%/%%&)92/:&%b%k%8FGH1<FID1>%]^>%BrXo%Br]^Zm%h%a%O036%$/6%-,1/%8,%C01(6)01;%S?v37&$%-3%40:6$%(01/)/6$%8)66+&,8$'$16%\%/%%&)92&+%-$/%'06/%$1$1/$'@8$/%/03')/%\%8,%'$/3&$;%b%k8FGH1<FID1>%!Z>%BrX%o%Br]^Vm%h%a%F1%40+/)$%)8%1?H%,%4,/%-?)16$16+P)-+$%>%)8%H%,%31%%a%/$1/%b%%)16+&)$3&%%,3[%'06/%23)%$/6%B01(6)01%-$%8$3&%/%%&)92/:&%$6%($%/$1/%$/6,((0'4,51+%-?31$%a%+'06)01%b%4&07023+$%4,&%8$%B,)6%23$%6$8%'06%$/6%C0)16%\%6$8%,36&$%$1%31$%,88),1($31)23$;%b%k8FGH1<FID1>%!Z>%BrV%o%Br!Z!m;`^"%i0)()%23$823$/%$[$'48$/%M%a%J8%$1%&+/386$%23$%/$38$/%/$&016%36)8)/+$/%($&6,)1$/%4&04&)+6+/%-3%8,15,5$>4&04&)+6+/%/010&$/%$6%4&04&)+6+/%-$%/$1/;%K?$/6%$1%B01(6)01%-$%($/%4&04&)+6+/%23$%8?,36$3&%k%8$%a%B,)/$3&>40):6:/m%(90)/)&,%$6%#$)9!"&+/%8$/%+8+'$16/%8)153)/6)23$/;%b%k8FGH1<FID1>%]V>%Br]]%o%Br]VXm%h%a%=,)/8$/%#$)9!"/!%$"%%/010&$/%/355:&$16%8,%'e'$%)'4&$//)01%23$%8$%/$1/%-$%($%23?)8%-)6;%b%k]^>%Br_%o%Br]^"m%ha%S$%40:6$%#$)9!"&%$6%x-)/6&)@3$%y%,%/,%',6):&$%(0''$%8$%'3/)()$1%/$/%/01/%$6%8$%4$)16&$%/$/%(038$3&/',)/%\%8,%-)BB+&$1($%-3%4$)16&$%$6%-3%'3/)()$1%23)%$'480)$16%-$/%',6):&$/>%8$%40:6$%$'480)$%-$/%'06/%>23)%/)51)B)$16;%b%k%8FGH1<FID1>%!]>%BrX%o%Br!]!m%h%a%K0''$16%,80&/%/$%&+,8)/$%($%8,15,5$%p%G,&%-$/#$)9!"/!%$"%%-$%'06/>%4&04&$/%\%4&0-3)&$%($6%$BB$6%$6%\%4&)/%x%(0''$%/)51$/%y%,3%%8$[)23$%%-$%8,%8,153$>',)/%,5%(90)/)/%$6%/:&"#.%%\%1$3B;%b%8FGH1<FID1>%!!>%Br!%o%Br!YXm%h%a%S$%4$)16&$%/:&"#&%-$/%(038$3&/>8$%/(3846$3&%)$0@2&%31$%',6):&$>%8$%'3/)()$1%#$)9!"&%-$/%/01/;%b%ADU.FSDJLF>%%!!>%BrY_%o%Br"Z^m`^X%F')8$%A$17$1)/6$>%a%S,%106)01%-$%s&H69'$t%-,1/%/01%$[4&$//)01%8)153)/6)23$%b%k]^YVm>%)1%K%&O3;7(),(#3-"./-)'-4/(#.5"5%*3(>%4;%""Z;`^Y%I,(7;>%4;%"!^;`^`%I,(7;>%4;%""!;`^_%I,(7;>%4;%""";

!X_

($6% +(90%'016&$% \% 23$8% 40)16% 8,% &+B8$[)01% /3&% 8$% 40:'$% 23$% A$17$1)/6$% ':1$>% &$1-

40//)@8$%8?+(&)63&$%-$%a%Q+')0805)$%-$%8,%8,153$%b%h%$88$%$/6%-+()/)7$%403&%83);%f1%8)6%$1

$BB$6>%\%4&040/%-$/%a%31)6+/%b%-,1/%8$/%,&6/%-$%8,%B)53&,6)01%M

S?,&6)/6$%8$/%(90)/)6>%8$/%,',85,'$>%8$/%-)/40/$%\%/01%5&+%/3&%8,%60)8$>%$6%(?$/6%B)1,8$'$16-,1/% 8,% (0'40/)6)01% /$38$% 23?$88$/% 0&5,1)/$16% $6% 4&$11$16>% 6$(91)23$'$16% 4,&8,16>% 31$s/)51)B)(,6)01t>% 4,&% 8,% /+8$(6)01% $6% 8?,&&,15$'$16;% S?,&6)/6$% (&+$% ,)1/)% /,% 4&04&$/+')06)23$%M%)8%)1/6)63$%/$/%0440/)6)01/%$1%6&,)6/%23?)8%&$1-%83)P'e'$%/)51)B),16/%-,1/%8$3&0&-&$;`^V

K$% 23)% (,&,(6+&)/$% 8,% 2&7$&)-'-&"% ,&6)/6)23$>% (?$/6% \% 8,% B0)/% /,% 1037$,36+

k8?,&6)/6$%a%-)/40/$%\%/01%5&+%~�Äbm%$6%/,%8)@$&6+%ka%S?,&6)/6$%(&+$%~�Ä%b%m%h%($8,%B,)6%-$

($66$%(0'40/)6)01%31$%a%/+')06)23$%b%4&04&$>%23$%8?,&6)/6$%(&+$%$6% )1/6)63$;%A$17$1)/6$

(,&,(6+&)/$% 8,% a%(0'40/)6)01%b% 23$% 4&0-3)6% 8?,&6)/6$% 4,&% ($% 23)% -+B)1)6% 31$% 4$1/+$% -3

/H/6:'$%$6%-$%8,%7,8$3&/`^^%M%(?$/6%-,1/%8,%(0'40/)6)01%/$38$%23$%8$/%31)6+/%4&$11$16%31$

a%/)51)B)(,6)01%b>%$6%8?,&6)/6$%)1/6)63$%-$/%0440/)6)01/%M% %a%%S?,&6)/6$%(&+$%,)1/)%/,%4&04&$

/+')06)23$%M% )8% )1/6)63$% /$/% 0440/)6)01/% $1% 6&,)6/% 23?)8% &$1-% 83)P'e'$% /)51)B),16/% -,1/

8$3&% 0&-&$%bm;% K$66$% a%/+')06)23$%b% \% 8?v37&$% -?,&6% $/6% 8?)17$16)01% -?31% /H/6:'$

1037$,3%$6%-$%7,8$3&/%1037$88$/;%K0''$%A$17$1)/6$%8?+(&)6%483/%80)1%M%a%S,%/)51)B),1($

-$%8?,&6%1$%&$170)$%-01(%C,',)/%\%31$%(017$16)01%)-$16)23$'$16%&$T3$%$16&$%4,&6$1,)&$/;

J8%B,36%$1%-+(037&)&%(9,23$%B0)/%8$/%6$&'$/>%23)%/016%)88)')6+/%$1%10'@&$>%)'4&+7)/)@8$/

$1% 1,63&$>% -01(% \% &+)17$16$&% 403&% (9,23$% v37&$>% @&$B/% )1,46$/% \% /$% B)[$&% $1% 31$

)1/6)636)01%b_ZZ;%S?v37&$%-?,&6%(&+$% 8$% &$5,&-%23)%/,)6% 8,%70)&%h%($66$%/+')06)23$%4&04&$

23$%8?,&6)/6$%(&+$%$/6%31$%a%/+')0805)$%1037$88$%b;%l03/%6&03701/%($66$%$[4&$//)01%-,1/

31% -$/% ',13/(&)6/%h% $6% ($% 23$% 103/% -+(037&01/% $1% 'e'$% 6$'4/% ($% /016% -$/

B0&'38,6)01/%$[6&e'$'$16%4&0(9$/%-$%($88$/%-$%8?,&6)(8$%a%Q+')0805)$%-$%8,%8,153$%b%M

%%%%%%%%%%%%%%%%S$%40:6$%%%%%%f1%&$(&+$%-01(%31$%/+')0805)$%1037$88$>

%%%%%%%%4,&%-$/%,//$'@8,5$/%1037$,3[%$6%8)@&$/%-$%'06/;%%%%%%D%/01%603&%%8$%8$(6$3&P,3-)6$3&%/$%6&037$%$1%4&+/$1($%%%%%%-?31%8,15,5$%23)%+(9,44$%\%8,%(017$16)01%$//$16)$88$%%%%%%%-3%-)/(03&/;%J8%-0)6%/?H%,C3/6$&>%$6%&$(&+$%403&

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%`^V%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;YV;`^^%l0601/%603/%($/%6$&'$/%23)%/$%(0&&$/401-$16%$6%23)%-+B)1)//$16%$1/$'@8$%31$%4$1/+$%-$%8,%7,8$3&%$6%-3/H/6:'$M%a%-)/40/$%b>%a%,&&,15$'$16%b>%a%(0'40/)6)01%b%a%0&5,1)/$16%b%;%.$3[%,36&$/%$[4&$//)01/%/016%\&$',&23$&%+5,8$'$16>%$6%23)%/$%(0&&$/401-$16%M%8?,&6)/6$%2:&-)-'%8$/%31)6+%$6%(?$/6%8$3&%)53(2'-&"%$6%8$3&,&&,15$'$16%23)%B,)6%8$3&%/)51)B)(,6)01;%A$17$1)/6$%-,1/%31%',13/(&)6%4,&8,)6%-$%a%/)51$/%/+8$(6)B/%bk8FGH1<FID1>%]!>%BrX%o%BrY`;m_ZZ%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;Y^P`Z;

Marcelo
Marcelo
Marcelo

!XV

% %%%%%%%/01%(0'46$%8$/%10&'$/%$6%8$%a%/$1/%b;_Z]

K0''$%80&/23$%A$17$1)/6$%+(&)7,)6%23$%a%($83)%23)%&+4:6$%($/%7$&/%,((:-$%\%($6

31)7$&/%/$(01-%b_Z!>%)()%8$%3(2'(%/%`*/,-'(/%%a%&$(&+$%403&%/01%(0'46$%8$/%10&'$/%$6%8$

s/$1/t%b;%K?$/6% ($%23$%A$17$1)/6$% ,44$88$% 8,%2&77/"-2*'-&"#$&5'-4/(;%K?$/6% ($% 23?)8

-+B)1)//,)6%-+C\>%-,1/%8$/%6&,7,3[%23$%103/%(011,)//)01/>%(0''$%8?-"'(%)/O@(2'-9-'5;%S$

40:6$%&$(&+$%8$/%10&'$/%$6%8$%a%/$1/%b%$6%8$%3(2'(/%`*/,-'(/%%&$(&+$%$&/%#)&"#2&7$'(%($

-+48,($'$16;%K&/%# )&"# 2&7$'(%M% ($8,% /)51)B)$% 23$% 8$% 8$(6$3&P,3-)6$3&% 1$% &$(&+$% 4,/% \

8?)-$16)23$%($%23$%8$%40:6$%(&+$%h%($%23$%8$%40:6$%(&+$>%)8%8$%-011$>%$6%8$%8$(6$3&P,3-)6$3&

/$%8?,44&04&)$;%1)'#)/@('#2(3/-#$*%#4/-#/"#*/'%(#,(9-("'#)/@('fWV;

.,1/% 8$/% ',13/(&)6/>% (0''$% -,1/% a%Q+')0805)$% -$% 8,% 8,153$%b>% 8?)-+$% -?31

a%,//$'@8,5$%b>%-?31$%a%(0'@)1,)/01%b>%/$%(01/6&3)6%,7$(%8?)-+$%-?31$%a%',6):&$%b%23$

8$% 40:6$% (0'@)1$>% ,//$'@8$>% 23$% ($% /0)$16% -$/% a%'06/%b>% 03% -$/% a%/01/%b;% K$()% $/6

4,&6)(38):&$'$16% 1$6% 80&/23$% A$17$1)/6$% (0'4,&$% 8$% 6&,7,)8% -3% 40:6$% \% ($83)% -3

'3/)()$1>%-3%4$)16&$>%-3%/(3846$3&>%(0'4,&,)/01%23)%&+,44,&,{6%@)$1%/c&%-,1/%8$%6&,7,)8

-$%a%Q+')0805)$%-$%8,%8,153$%b;%A$17$1)/6$%+(&)6%M

S$%40:6$%(0'@)1$%$6%%-)/6&)@3$%%%%%%,%/,%',6):&$%(0''$%8$%%%%%%'3/)()$1%/$/%/01/%$6%8$%%%%%%4$)16&$%/$/%(038$3&/%',)/%%%%%\%8,%-)BB+&$1($%-3%4$)16&$%%%%%%$6%-3%'3/)()$1%23)%%%%%%$'480)$16%-$/%',6):&$/>%%%%%8$%40:6$%$'480)$%-$/%%%%%%'06/%>%23)%/)51)B)$16;%%%%S,%40+/)$%$/6%-01(%%%%%22(90/$%-$%(016&,-)(6)01%M%%%%%%%31%,&6%-$%/)51)P

%%%%%%B)(,6)01/_ZX

D)88$3&/%)8%+(&)6%$1(0&$%M

É%%%%S$%4$)16&$%,5$1($%-$/%(038$3&/>%8$%/(3846$3&%'0-:8$%31$%%%',6):&$>%8$%'3/)()$1%(0'@)1$%-$/%/01/;

%%%S$/%(038$3&/>%8,%',6):&$>%8$/%/01/%/016%8$/%',6+&),3[%%%-$/%,&6)/6$/%4$)16&$>%/(3846$3&%'3/)()$1;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_Z]%8FGH1<FID1>%!!>%BrY"%o%Br"ZY;_Z!%8FGH1<FID1>%!!>%Br^%o%Br!`];_Z"%R0&'38,6)01%-?<$1&)%=$/(9011)(;_ZX%8FGH1<FID1>%!]>%BrX%o%Br!]!;

Marcelo
Marcelo

!X^

%%%F6%8$%40:6$%p%S$%40:6$%(0'@)1$%-$/%'06/;%S$/%'06/%%%/016%8$%',6+&),3%/3&%8$23$8%)8%6&,7,)88$;%J8%$/6%-:/%80&/%%+7)-$16%23$>%-$7$13/%',6+&),3%-3%40:6$>%8$/%'06/%1$%%%4$37$16%483/%e6&$%8$/%a%/)51$/%b%-$%8?3/,5$%(0''31;%%%K9,23$%40:6$%36)8)/$%\%/,%',1):&$%($%',6+&),3;%J8%%%1?H%$1%,%4,/%-$3[%23)%$1%6)&$16%8$%'e'$%4,&6);

%%%=,)/%8$%4$)16&$>%\%8?,)-$%-$%/$/%(038$3&/>%B,)6%31%%%6,@8$,3%%h%%8$%/(3846$3&%,7$(%/,%',6):&$>%B,)6%31$%%%/(38463&$%h%%8$%'3/)()$1>%,7$(%8$/%/01/>%B,)6%31$%%%(0'40/)6)01%'3/)(,8$;

%%%%F6%8$%40:6$%p%%S$%40:6$>%,7$(%/$/%'06/>%B,)6%%%31%a%40:'$%b>%31$%(&+,6)01%23)%$[480)6$%8$/%'06/%%%%\%($&6,)1$/%B)1/;%$/69+6)23$/;

%%%%%%%%%%%%z3$88$/%/016%($/%B)1/%p%D7,16%6036>%\%+7$)88$&8?90''$%8?e6&$%%\%8,%7+&)6+%-$/%(90/$/%$6%-$/%e6&$/>%%\%+6,@8)&%31

%%%(016,(6%%-)&$(6%,7$(%8,%1,63&$%7&,)$%%-3%'01-$;_ZY

K$%23)%,44,&,{6>%(?$/6%31%(0348$%23$%8?01%(011,{6%-+C\>%8$%(0348$#7*'-;%(`7*"-;%(>

03%4836w6%M%8,%',6):&$%É%)*%',1):&$;%K?$/6%-,1/%8?,&6)(8$%a%L$',&23$/%/3&%8,%B01(6)01%-3

8,15,5$%-,1/% 8,%-+(037$&6$% B&$3-)$11$%b%$1%]^Y`%23?01% 8$%70H,)6% $1%$BB$6% ,44,&,{6&$;

A$17$1)/6$%+(&)7,)6%M

K$%23?)8% H% ,% -?)16$16)011$8% -,1/% 8,%'06)7,6)01% 5037$&1$% 0@/(3&+'$16% 8,%',1):&$% -0168?)17$16$3&%-?31%/6H8$%B,T011$%8,%',6):&$%(0''31$>%$6>%\%/,%',1):&$>%/?H%-+8)7&$;%K,&%($23?01% ,44$88$% )1(01/()$16% $/6% &$/401/,@8$% -$% 8,% ',1):&$% -016% 8?)1-)7)-3% (01/6&3)6% /,4$&/011$>%-$%($%23?)8%H%,BB)&'$%$6%-$%($%23?)8%&$C$66$%03%)510&$>%($()%'06)7,16%($8,;_Z`

F16&$%7*'-;%(%$6%7*"-;%(>%)8%H%,%31$%&$8,6)01%23)%&,44$88$%($88$%-3%/+')06)23$%$6

-3%/+',16)23$>%$6%23)%B,)6%23$%-,1/%31$%v37&$%-?,&6%8,%',6):&$%$/6%)1-)//0(),@8$%-$%/,

',1):&$%M%$1%($8,%$88$%$/6%31$%a%/+',16)23$%k$[4&$//)01%,&6)/6)23$m%/,1/%/+')06)23$%b_Z_;

F6%'e'$>% 8?)-+$% -$%',6):&$>% -$% a%',6+&),3%b% $/6% 403&%A$17$1)/6$% -+C\% 4&04&$% \% 8?,&6>

4,&($% 23$% 4&+()/+'$16% $88$% )'48)23$% 31$%',1):&$>% 8$% 6&,7,)8%-$% 8?,&6)/6$% M% a%S$/%'06/

/016%8$%',6+&),3%/3&%8$23$8%)8%6&,7,)88$;%J8%$/6%-:/%80&/%+7)-$16%23$>%-$7$13/%',6+&),3%-3

40:6$>% 8$/%'06/% 1$% 4$37$16% 483/% e6&$% 8$/% s/)51$/t% -$% 8?3/,5$% (0''31;%K9,23$% 40:6$

36)8)/$%\%/,%',1):&$%($%',6+&),3%b;

J8% ,44,&,{6% ',)16$1,16% 23$% 8$/% )-+$/% -?,//$'@8,5$>% -$% (0'@)1,)/01>% -$

C01(6)01�%,&&)7$16%4,&%,1,805)$%,3[%,36&$/%4&,6)23$/%,&6)/6)23$/%23$%8,%40+/)$>%\%8?)-+$

23$%8?,&6)/6$%H%6&,7,)88$%-$/%',6):&$/;%K$66$%,1,805)$%4$&'$6%\%A$17$1)/6$%-$%&$7)/)6$&%8$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_ZY%8FGH1<FID1>%!!>%BrY_%o%Br"Z^;_Z`%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%%4;V_;_Z_%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`Y;

Marcelo
Marcelo
Marcelo

!YZ

(0348$% ',6):&$P',1):&$>% 23)% 1?$/6% 4,/% 31$% &$8,6)01% 23?)8% )17$16$% ',)/% 31% (0348$

6&,-)6)011$8_ZV%M%)8%&$7)/)6$%($66$%&$8,6)01%$1%8)153)/6$>%,7$(%8$%4&0C$6%-?31$%/+')0805)$%-$

8,%8,153$>%0g%$88$%-$7)$16%8,%&$8,6)01%-3%/+')06)23$%,3%/+',16)23$;%K,&%@)$1%/c&>%$6%(?$/6

8$%4&040/%-$%a%Q+')0805)$%-$%8,%8,153$%b>%01%1$%4$36%4,/%4$1/$&%-$%8,%'e'$%',1):&$

31$% a%106$% -$% '3/)23$%b>% 31$% a%(038$3&%b>% $6% 31% a%'06%b;% A$17$1)/6$% 40/$% ,)1/)% 8$

4&0@8:'$%M%a%.,1/%8$/%,&6/%-$%8,%B)53&,6)01%k4$)163&$>%-$//)1>%/(38463&$m%\%)',5$/%B)[$/

03% '0@)8$/>% (?$/6% 8?$[)/6$1($% 'e'$% -?31)6+/% 23)% -$7)$16% ',6):&$% \% -)/(3//)01;% .$

23$88$%1,63&$%/$&,)$16P$88$/%p%Q?)8% /?,5)6%-$%(038$3&/>%01% &$(011,{6%23?$88$/%(0'40/$16

,3//)% 31$% +(9$88$% -016% 8$/% -$5&+/% 4&)1()4,3[% /016% )-$16)B)+/%$*%# 3(/%#"&70%133()# )&"'

,5)-."5()>% $88$/% 1$% -+/)51$16% 4,/%b_Z^% kC$% /038)51$m;% A$17$1)/6$% 40/$% )()% 8$% 4&)1()4$

-?31$% /+')0805)$% -$% 8,% 8,153$%M% a%8,% 8,153$% $/6% 8?)16$&4&+6,16% -$% 603/% 8$/% ,36&$/

/H/6:'$/>% 8)153)/6)23$/%$6%101%8)153)/6)23$/%b_]Z;%S,% 8,153$%$/6% 8?)16$&4&+6,16%-$% 8?,&6%M

8$/%31)6+/>%8$/%',6):&$/%-$%8?,&6%1?$[)/6$16%23?$1%6,16%23$%-)/(3&/)7)6+/>%(?$/6%8$%-)/(03&/

23)%-)6%$6%23)%)17$16$%($%23?)8%H%,%\%70)&%-,1/%31%6,@8$,3%03%-,1/%31%40:'$;%K,&%'e'$

8$%a%'06%b%1?$/6%23?31$%($&6,)1$%&$4&+/$16,6)01%-3%8,15,5$>%8,%8,153$%+6,16%/01%4&04&$

)16$&4&+6,16;% K0''$% 8?+(&)6% *+&,&-% .$//01/% -,1/% 31% ,&6)(8$% )16)638+% a%S,% B0&'$% $1

4$)163&$%b>%a%)8%(017)$16%-$%4,//$&%-$% 8,%23$/6)01%s23?$/6P($%23?01%70)6%-,1/%($%23?01

&$5,&-$%pt%\% ($88$P()%M% s23?$/6P($% 23?01% -)6% 23?01% 70)6t%b_]];% F')8$% A$17$1)/6$% +(&)6>

603C03&/%-,1/%a%Q+')0805)$%-$%8,%8,153$%b%M

U1$%(90/$%,3%'0)1/%$/6%/c&$%M%,3(31$%/+')0805)$%-3%/01>%-$%8,%(038$3&>%-$%8?)',5$%1$%/$B0&'38$&,% $1% /01/>% $1% (038$3&/>% $1% )',5$/;% O036$% /+')0805)$% -?31% /H/6:'$% 101P8)153)/6)23$%-0)6%$'4&316$&%8$%6&3(9$'$16%-$%8,%8,153$>%1$%4$36%-01(%$[)/6$&%23$%4,&%$6-,1/% 8,% /+')0805)$% -$% 8,% 8,153$;% ~�Ä% 8,% 8,153$% $/6% 8?)16$&4&+6,16% -$% 603/% 8$/% ,36&$//H/6:'$/>%8)153)/6)23$/%$6%101P8)153)/6)23$/;_]!

f1% 8?,% &$',&23+% 483/% 9,36>% A$17$1)/6$% (,&,(6+&)/$% 8$/% *))(7O3*.()>% 8$/

2&7O-"*-)&")>% 8$/% @&"2'-&")% 23$% 4&0-3)6% 8$% 40:6$% 4,&% 8$3&% 1037$,36+>% 8$3&% 31)()6+;% J8

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_ZV%f1%&$170)$%)()%,3%6&,7,)8%-$%*+&,&-%.$//01/%-,1/%/01%037&,5$%<AF%'#('#3*#7*"-;%(>%$6%4&+()/+'$16%,3(9,4)6&$%a%=,6):&$%$6%',1):&$%b%M%*+&,&-%.$//01/>%<AF%'#('#3*#7*"-;%(>%K9,'4)01>%G,&)/>%!ZZX>%4;%]XYP]`X;%*+&,&-%.$//01/%()6$%$1%$[$&53$%31$%49&,/$%-$%=016,)51$%-,1/%a%.$%8?,&6%-$%(01B+&$&%b%0g%($83)P()0440/$%7*'-;%(%$6%7*"-;%(#,/#,-%(%M%a%%D36,16%4$36%B,)&$%8$%/06%($83H%23)%-)(6%7&,H>%23$%($83H%23)%-)(6B,3[%M%(,&%103/%/0''$/%/3&%8,%',1)$&$>%101%/3&%8,%',6)$&$%-3%-)&$%b>%=)(9$8%-$%=016,)51$>%1))*-)>%S)7&$JJJ>%(9,4)6&$%V>%a%.$%8?,&6%-$%(01B+&$&%b>%*,88)',&->%a%S,%G8+),-$%b>%]^`!>%4;%^Z`;_Z^%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;YV;_]Z%I,(7;>%4;%`Z;_]]%*+&,&-%.$//01/>%a%S,%B0&'$%$1%4$)163&$%b>%)1%<*#T&%7(#("#@(/%k(088$(6)B>%=,&)$PK8,)&$%L04,&/%+-;m>G&$//$/%U1)7$&/)6,)&$/%-$%i)1($11$/>%(088$(6)01%a%F/69+6)23$%90&/%(,-&$%b>%i)1($11$/>%]^^V>%4;%]!";_]!%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`Z;

Marcelo

!Y]

4,&8$%,)1/)%-$%'06/%a%(90)/)/% $6% ,5$1(+/% \%1$3B%b_]">% -?a%31$%,88),1($%31)23$;%b_]X>% 03

+(&)6%M% a%($/%'06/% /$% /3)7$16%h% )8/% /$% (0'@)1$16% $6% (0'40/$16% -$/% B)53&$/% 1$37$/%b_]Y;

F7)-$''$16% 8?31)()6+% $6% 8,% 1037$,36+% /016% -$/% (,&,(6:&$/% 23)% -+B)1)//$16% 8$% -)/(03&/

(9$I% A$17$1)/6$>% ',)/% ($% 23$% 103/% 6&03701/% )()% -$% B,T01% 483/% 4&+()/$>% -,1/% ($66$

)1-)//0(),@)8)6+% -$% 8,%',6):&$% $6% -?31$%',1):&$>% -3% /+')06)23$% $6% -?31$% /+',16)23$>

(?$/6%8,%403&/3)6$%-$%8,%&+B8$[)01%23?)8%'$1,)6%\%4&040/%-$%8,%106)01%-$%a%&H69'$%b%h%31$

&+B8$[)01%/3&%8,%B0&'$%$6%8,%',6):&$;

G03&%A$17$1)/6$>% )()>% 8?,&6)/6$%0&5,1)/$% 8,%a%',6):&$%b% 8)153)/6)23$%("#$&;7(;%S,

106)01% -$% 7*'-;%(% /$% &+4:6$%-,1/% 8$/% ',13/(&)6/%M% a%S$% 40:6$% ,@0&-$% 8,% 606,8)6+% -3

'01-$>% -$% 8,% 1,63&$>% -$% 8?90''$;% J8% 8,% /,)/)6% 4,&% 8$% 6&3(9$'$16% -3% /$16)'$16% $6% )8

+8,@0&$%40+6)23$'$16%($66$%',6):&$%b_]`%h%03%$1(0&$>%a%S,%40+/)$%$/6%)-$16)B)(,6)01%-$%8,

',6):&$% 8)153)/6)23$% \% 8,% /)51)B)(,6)01% -$/% '06/%b% _]_;% K$% B,T011,5$% -$% 8,% ',6):&$

&,44$88$% 8$% (,&,(6:&$%'0-$8,@8$>%'0-)B),@8$>% B83)-$>% )1/6,16,1+% -$% 8,% B0&'$% $17)/,5+$

(0''$% â ;% D)1/)>% A$17$1)/6$% -+B)1)6% 8$% %Q':7(% (0''$% a%8,% B0&'$% -)/6)1(6)7$>

8?,&&,15$'$16%(,&,(6+&)/6)23$%-$/%4,&6)$/%-,1/%31%6036%b_]V>%(0''$%a%B0&'$%-)/6)1(6)7$>

B)53&$% 4&040&6)011+$>% -)/40/)6)01%b_]^>% (0''$% a%8,% B0&'$% -,1/% 8?)1/6,16% 23?$88$% $/6

,//3'+$% 4,&% ($% 23)% $/6%'037,16>%'0@)8$>% B83)-$%b_!Z>% (0''$% a%8,% B0&'$% )'4&07)/+$>

'0'$16,1+$>%'0-)B),@8$%b_!];%J8%,C036$%23$%a% %$/6%8$%4&+-)(,6%$//$16)$8%-$%8,%1,63&$

$6%-$/%(90/$/%-,1/%8,%49)80/049)$%)01)$11$%-$43)/%<+&,(8)6$>%$6%.+'0(&)6$%4$1/,)6%23$>

6036%+6,16%4&0-3)6%4,&%8$/%,60'$/>%/$38%8$3&%,&&,15$'$16%-)BB+&$16%4&0-3)6%8,%-)BB+&$1($

-$/%B0&'$/%$6%-$/%0@C$6/;%f1%4$36%,80&/%(0'4&$1-&$%23$% â >%/)51)B),16%8)66+&,8$'$16

s',1):&$% 4,&6)(38):&$% -$% B83$&t>% ,)6% +6+% 8$% 6$&'$% 8$% 483/% 4&04&$% \% -+(&)&$% -$/

s-)/40/)6)01/t% 03% -$/% s(01B)53&,6)01/t% /,1/% B)[)6+% 1)% 1+($//)6+% 1,63&$88$% $6% &+/386,16

-?31%,&&,15$'$16%603C03&/%/3C$6%\%(9,15$&%b_!!;

f1%4$36%,70)&%31$%9+/)6,6)01%\%4$1/$&%8?*))(7O3*.(>%-$%@&"2'-&">%8,%2&7O-"*-)&"

(0''$%%Q':7(;%f1%9+/)6$%4,&($%23?01%/$%-$',1-$%/)%8?)-+$%(0''31$%\%603/%($/%6$&'$/

1?$/6%4,/% 8?a%0&-&$%b% $6% 8,%a%(01/+(36)7)6+%b;%f1%-$7&,)6% ,80&/% /$% &+/)51$&% \% 8?)-+$%23$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_]"%8FGH1<FID1>%!!>%Br!%o%Br!XX;_]X%8FGH1<FID1>%!Z>%BrV%o%Br!Z!;_]Y%8FGH1<FID1>%!!>%BrX!%o%Br!VX;_]`%8FGH1<FID1>%]Y>%Br"%o%Br]Z^;_]_%8FGH1<FID1>%]!>%BrX%o%BrY`;_]V%F')8$%A$17$1)/6$>%a%S,%106)01%-$%s&H69'$t%-,1/%/01%$[4&$//)01%8)153)/6)23$%b%k]^YVm>%)1%K%&O3;7(),(#3-"./-)'-4/(#.5"5%*3(>%4;%""Z;_]^%I,(7;>%4;%""!;_!Z%I,(7;>%4;%""";_!]%I,(7;>%4;%""";_!!%I,(7;>%4;%""";

Marcelo

!Y!

A$17$1)/6$%1$%-+B)1)6%8\%23?31$%/H16,[$>%23?31$% >%/$801%8?+13'+&,6)01%23$%-011$

D&)/606$% -$/% a%&$8,6)01/% B01-,'$16,8$/% $16&$% 8$/% (0&4/%b_!";% =,)/% 8?*))(7O3*.(>% 8,

@&"2'-&"%�%/$%&,440&6$16P)8/%7&,)'$16%\%8,%-+B)1)6)01%-?31%0&-&$%-,1/%8$%-)/(03&/>%-,1/

8$%7$&/%p%FBB$(6)7$'$16%8?)-+$%-$%(01/+(36)7)6+%$/6%8\>%(?$/6%+7)-$16;%F6%103/%8,%70H01/

106,''$16% ,44,&,{6&$% 80&/23$% A$17$1)/6$>% 4,&8,16% C3/6$'$16% -$% (0'@)1,)/01% $6% -$

(0'40/)6)01>% &$170)$% \% 8,% &+B8$[)01% -$% Q,3//3&$>% -,1/% 31% -$/% (,9)$&/% -$

4,&,5&,''$/>%\%4&040/%-$%8,%(01/+(36)7)6+%-,1/%8$%8,15,5$%M

K$/%'06/%/$%/3)7$16%h%)8/%/$%(0'@)1$16%$6%(0'40/$16-$/%B)53&$/%1$37$/;%%J()%7,36%%8?0@/$&7,6)01%4&0B01-$-$%Q,3//3&$%/3&%8,%(01/+(36)7)6+%(0''$%4&)1()4$%B01-,'$16,8kD1,5&,''$/%-$%R;%-$%Q;%=$&(;%.$%R&;%]^`X>%4;%!YXm%_!X

K$66$%&+B8$[)01%\%4&040/%-$%8,%(01/+(36)7)6+%,&&)7$%-,1/%31%'0'$16%0g%Q,3//3&$%B,)6

8?9H4069:/$%-$%($%23?)8%,44$88$%8$%,-$:&"(%M

S$% 4&)1()4$% -3% -)4901$% &$7)$16% \% -)&$% 23?01% &$4&+/$16$% 8$/% /H88,@$/% -,1/% 8,KflQíKUOJiJOí% -$% 8$3&/% +8+'$16/;% #$% 1$% (&,)1/% 4,/% ($% '06% 1037$,3>% 73% 23$% /?)8$[)/6,)6>%($%1?$/6%4,/%/$38$'$16%%~%%%%%%%%%%%Ä_!Y>%(?$/6%403&%8,%8)153)/6)23$%$88$P'e'$%23?)8B$&,)6%/$16)&%/$/%$BB$6/%@)$1B,)/,16/;z3$% 8$/% +8+'$16/% 23)% B0&'$16% 31%'06% )(# )/-9("'>% (?$/6% 8\% 31$% 7+&)6+% 23?)8% 7,3-&,)6

')$3[% 1$% 4,/% (01/)-+&$&>% $1% 8)153)/6)23$>% (0''$% 31$% (90/$% /,1/% )16+&e6% 4,&($23?+7)-$16$>%',)/%23)%-011$%-?,7,1($%,3%(016&,)&$%8$%4&)1()4$%($16&,8%-$%6036$%&+B8$[)0136)8$%/3&% 8$/%'06/;%.,1/%31%-0',)1$%)1B)1)'$16%/4+(),8%(0''$%($83)%23$%103/%,701/%\6&,)6$&>%(?$/6%603C03&/%$1%7$&63%-$%8,%80)%B01-,'$16,8$%-3%'06%93',)1%$1%5+1+&,8%23$%4$36/$% 40/$&% 31$% 23$/6)01% (0''$% ($88$% -$% 8,% (01/+(36)7)6+% 03% 101P(01/+(36)7)6+% $6% -:/% 8,4&$'):&$_!`G$36P01% -011$&% ODF% 4,&% '*# é# '(_!_>% (?$/6P\P-)&$% )17)6$&% 8$% 8$(6$3&% 101% 483/% \% 31$

C3[6,40/)6)01% -,1/% 8,% (01/+(36)7)6+>%',)/% \% 31$%'0H$11$% -$/% )'4&$//)01/% ,(03/6)23$/90&/% -3% 6$'4/%p% 90&/% -$% 8?0&-&$% -,1/% 8$% 6$'4/% 23?016% 8$/% +8+'$16/%p% 90&/% -$% 8?0&-&$8)1+,)&$%23)%$/6%0@/$&7+%/)%C$%-011$%ODF%4,&%OD%É%DF%03%OD%É%F>%',)/%1$%8?$/6%4,/%/)%C$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_!"%A$17$1)/6$%()6$%31$%B0&'38,6)01%-$%8,%S5'*$:Q)-4/(%-?D&)/606$%M%a%Q$801%83)%~D&)/606$%o%.+'0(&)6$Ä>8$/%&$8,6)01/%B01-,'$16,8$/%$16&$%8$/%(0&4/%/?+6,@8)//$16%4,&%8$3&/%-)BB+&$1($/%'363$88$/>%$6%($/-)BB+&$1($/%/$%&,':1$16%\%6&0)/>% â >% >% >%%23?D&)/606$%)16$&4&:6$%,)1/)%M% %

% % % â % % % % % % % % %â % â % â % >% % % % >% %% ;%a%S$/%(90/$/%-)BB:&$16%4,&% â >%4,&%8,% >%4,&%8$% %h%8$% â %$/6%8$% â

ka%B0&'$%bm>%8,% %ka%(016,(6%bm%$/6%8,% %ka%0&-&$%bm>%$6%8,% %ka%603&13&$%bm%$/6%8,%ka%40/)6)01%bm%kS5'*$:;>%^VY%@%Xm;%J8%&$//0&6%-$%($%6$[6$%)'40&6,16%23$% â %/)51)B)$% â %a%B0&'$%b>($%23?D&)/606$%(01B)&'$>%-,1/%8,%/3)6$%-$%($%4,//,5$>%4,&%31%$[$'48$%23?)8%$'4&316$%\%S$3()44$;%J8)883/6&$%($/%6&0)/%106)01/%$1%8$/%,448)23,16%&$/4$(6)7$'$16%\%8,%a%B0&'$%b>%\%8?%a%0&-&$%b%$6%\%8,%a%40/)6)01%b-$/%8$66&$/%-$%8?,849,@$6%M%D%-)BB:&$%-$%l%4,&% â %k03% â %m>%Dl%-)BB:&$%-$%lD%4,&% >%$6%J-)BB:&$%-$%<%4,&% ;%b%kF')8$%A$17$1)/6$>%a%S,%106)01%-$%s&H69'$t%-,1/%/01%$[4&$//)01%8)153)/6)23$%b>)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%"!VP"!^m;_!X%8FGH1<FID1>%!!>%BrX!%o%Br%!VX;_!Y%l06$%-$%#$,1%Q6,&0@)1/d)%M%a%F1%@8,1(%-,1/%8$%6$[6$;%o%.,1/%8,%',&5$>%8?,36$3&%,%"&'5#Å3A-7*.(9&2*3(Å%b;%G,&%4,&$169:/$>%C$%&$170)$%\%4&040/%-$/%@8,1(/%(9$I%Q,3//3&$>%\%8?,&6)(8$%&+($16%-$%K8,3-)1$l0&',1-%M%a%S$/%@8,1(/%-$/%',13/(&)6/%/,3//3&)$1/%b>%)1#F33(.%&#7*#"&"#'%&$$&>%f49&H/>%!ZZ`>%_^P]]!;_!`%l06$%-$%#$,1%Q6,&0@)1/d)%M%a%G9&,/$%)1,(9$7+$%-,1/%8$%',13/(&)6%b;_!_%l06$%-$%#$,1%Q6,&0@)1/d)%M%a%F1%',&5$%Å<A*O)'%*-'#('#3(#2&"2%('#Å%b;

!Y"

8$%-011$%4,&% '*#é#'(%\%,',85,'$&%90&/%-3%6$'4/%(0''$%C$%403&&,)/% 8$%B,)&$%403&%-$3[(038$3&/%/)'386,1+$/;_!V

K$% 23)% $/6% /3&4&$1,16% (?$/6% 23?01% &$6&037$% (9$I% Q,3//3&$>% \% 4&040/% -$% 8,

(0'40/)6)01>% 8?,1,805)$% \% 8,% 4$)163&$% 23?01% 70H,)6% (9$I%A$17$1)/6$;%K0''$% /)% ($66$

,1,805)$%4$&'$66,)6%-$%4$1/$&%23$823$%(90/$%-$%1$3B%\%4&040/%-3%8,15,5$;%K0''$%8$

&$',&23$%*+&,&-%.$//01/>%23)%70)6%8?)'40&6,1($%-$%($66$%&+B+&$1($%\%Q,3//3&$%-,1/%8$/

',13/(&)6/% -$% A$17$1)/6$%M% a%S,% 106)01% -$% s(01/+(36)7)6+t% ,% )()% 8$% /6,636% -$% (01($46

(&)6)23$%'$66,16% $1% 23$/6)01% 8,% /3(($//)7)6+% (0''$% B01(6)011$'$16% 31)-)'$1/)011$8

-3% 8,15,5$% -,1/% 8,% (0''31)(,6)01>% 403&% 8$% @+1+B)($% -?31$% 4$1/+$% -?31% (016)13% 101

8)1+,)&$% (0''$%'0-$%-$% B01(6)011$'$16% -3% 8,15,5$;%S,%4$&/4$(6)7$%1?$/6% 483/% s31$

C3[6,40/)6)01% -,1/% 8,% (01/+(36)7)6+t>% ',)/% s31$% '0H$11$% -$/% )'4&$//)01/

,(03/6)23$/t_!^>% s90&/%-$% 8?0&-&$%-,1/% 8$% 6$'4/%23?016% 8$% +8+'$16/t>% s90&/%-$% 8?0&-&$

8)1+,)&$t;%K$%23)%(01/6)63$%31$%',1):&$%1037$88$%-$%4$1/$&%8$%/H16,[)23$>%$1%-$90&/%-3

4&)1()4$%805)23$%&+58,16%8$/%+8+'$16/%-3%8,15,5$%b_"Z;%S,%(01/+(36)7)6+>%8$%-+&038$'$16

-3%-)/(03&/%-,1/% 8$% 6$'4/>%-$7)$16% 8,%(01-)6)01%'e'$%-?31$%+(036$%a%90&/%-$% 8?0&-&$

-,1/%8$%6$'4/%23?016%8$/%+8+'$16/%b>%a%90&/%-$%8?0&-&$%8)1+,)&$%b%h%03%(0''$%-)6%*+&,&-

.$//01/% -?a%31% (016)13% 101% 8)1+,)&$% (0''$%'0-$% -$% B01(6)011$'$16% -3% 8,15,5$%b;

D)1/)>%-$%8,%'e'$%',1):&$>%80&/23$%A$17$1)/6$%-)6%23$%8$%40:6$%*))(7O3(+#2&"@&-"'#-$/

'06/>%-$/%/01/>%($%1?$/6%4,/%31%,//$'@8,5$%0@C$(6)B%-$%'06/%03%-$%/01/%-,1/%31%0&-&$

8)1+,)&$>%31$%')/$%@036%\%@036>%',)/%31%,//$'@8,5$%6036%,3//)%-7$%())-=%23$%($83)%23$

Q,3//3&$%-+B)1)6% 80&/23?)8%4,&8$%-$%a%'0H$11$%-$/%)'4&$//)01/%,(03/6)23$/%b;%K?$/6%($

23?31$% 8$(63&$>% 31$% +(036$% ,//$'@8$>% ,//0()$>% $6% 23)% 4&0-3)6% 8,% /)51)B),1($;% D)1/)

&+3//)6P01%-01(%\%-)/6)153$&%8,%2&")52/'-9-'5%23)%$/6%8$%-+&038$'$16%-$%8,%8,153$%-,1/%8$

6$'4/>% -011,16% 8,% 40//)@)8)6+% -?31$% +(036$% )'4&$//)7$>% ,//0(),6)7$>% 101P8)1+,)&$%h% $6

-?,36&$%4,&6%8,%)/22())-9-'5%23)%$/6%-$%8?0&-&$%-$%8,%/H16,[$;

.,1/%a%Q+')0805)$%-$% 8,% 8,153$%b% $1%]^`^>%A$17$1)/6$% (&)6)23$&,%-$%1037$,3% % 8,

-)'$1/)01%/H16,[)23$%-$% 8,% 8,153$;%J8%+(&)&,%M%a%f&% 8$%'$//,5$%1$%/$%&+-3)6%4,/%\%31$

/3(($//)01% -?31)6+/% \% )-$16)B)$&% /+4,&+'$16%h% ($% 1?$/6% 4,/% 31$% ,--)6)01% -$% /)51$/% 23)

4&0-3)6% 8$% /$1/>% (?$/6% ,3% (016&,)&$% 8$% /$1/% k8?a%)16$16+%bm>% (01T3% 580@,8$'$16>% 23)% /$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_!V%=,13/(&)6%a%=/;%R&;%"^`";%K,9)$&%-?+(08)$&%/,1/%6)6&$%b%(01/$&7+%\%8,%AGU%-$%*$1:7$>%()6+%4,&%#$,1Q6,&0@)1/d)%-,1/#<()#S&')#)&/)#3()#7&')>%*,88)',&->%G,&)/>%]^_]>%4;%X`PX_;_!^%K$66$%$[4&$//)01%4$36%$1%&,44$8$&%31$%,36&$>%(9$I%Q,3//3&$%M%($88$%-?-7*.(#*2&/)'-4/(;_"Z%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%4;%]^`;

Marcelo

!YX

&+,8)/$% $6% /$% -)7)/$% $1% a%/)51$/%b% 4,&6)(38)$&/>% 23)% /016% 8$/% =fOQ% b_"];% S$% '0-:8$

805)23$%-$%8,%/H16,[$%/$%&$4&+/$16$%8$%/$1/%-,1/% 8$% 8,15,5$%(0''$%31$%)/22())-&"%$6

31$% *,,-'-&"% -?31)6+/>% 23)% (016)$1-&,)$16% -+C\% $1% $88$/P'e'$/% 8$3&% /$1/%M% (?$/6% 31

&+,8)/'$;%.,1/%31$%4$1/+$%-3%/H/6:'$>%8$%/$1/%1?$/6%483/%31$%,--)6)01>%)8%4&0(:-$%-?31$

.3&O*3-'5>%23)%$/6%31$%/3@C$(6)7,6)01;

G03&% A$17$1)/6$>% )8% /?,5)6% ,3//)% -$% (&)6)23$&% 8?)-+$% -$% )Q"'*.7(>% 4,&($% 23$% 8$

/H16,5'$% &$/6$% 31$% 31)6+% 805)23$>% 5&,'',6)(,8$;% G03&% 83)%a%8$% /H16,5'$% /?+6$1-%483/

80)1% 23$% /$/% -)'$1/)01/% x8)')6$/y% 5&,'',6)(,8$/%h% )8% $'@&,//$% 8,% (0'4,&,)/01>

8?$1603&,5$% 6&:/% 8,&5$>% 4,&B0)/% 8,% &)'$%b_"!;% A$17$1)/6$% -+48,($% 8,% 106)01% -$

a%/H16,5'$%b% -?31$% -)'$1/)01% 805)23$% \% 31$% -)'$1/)01% 40+6)23$;% S,% -)'$1/)01% -3

40:'$% $/6% /,% (0'48$[)6+%M% (?$/6% 8,% /3@C$(6)7,6)01% 23?)8% 4&0-3)6;% f1% /$% /037)$16% 23?)8

-+48,T,)6% -+C\% 31$% -)'$1/)01% 805)23$% $1% -)'$1/)01% 40+6)23$% 80&/23?)8% -+B)1)//,)6% 8,

$:%*)(% $1% -$90&/% -3%'0-:8$% -$% 8,% 4&040/)6)01% $1% -)/,16% /)'48$'$16% a%8,% 49&,/$% $/6

8?31)6+%-3%-)/(03&/%b_"";%S,%-)'$1/)01%-$%8,%49&,/$%$/6%($88$%23$%(01/6&3)6%8$%-)/(03&/>

23$% (01/6&3)6% 8$% /3C$6;% K0''$% 8?+(&)6% *+&,&-% .$//01/>% a%Q)% 8,% 49&,/$% $/6% 8?31)6+% -3

-)/(03&/>%,80&/%(?$/6%8$%-)/(03&/%23)%B,)6%8,%49&,/$>%/,%49&,/$>%$6%101%8,%49&,/$%23)%B,)6%8$

-)/(03&/%b_"X;%S,%49&,/$%1$%&$8:7$%,80&/%483/%-?31$%-)'$1/)01%805)23$%23)%$1%B)[$%4,&

,7,1($% 8,% 8)')6$;% F6% 1?$/6P($% 4,/% 31% 4$3% 4,&% C$3% -$% 8,15,5$% 23$% A$17$1)/6$% +(&)6

23?a%,7$(%8,%49&,/$>%31$%8)')6$%$/6%B&,1(9)$%b_"Y%p

A$17$1)/6$%1$%4,&8$%4,/%4,&%9,/,&-%-$%2&7$*%*-)&"%h% 8,%a%(0'4,&,)/01%b%+6,16%31

'0-$%-?*))&2-*'-&"%23)% )'48)23$%-+C\% 31$% 8$(63&$% ,36&$% 23$% ($88$>% 8)1+,)&$>% 23)% $/6% 8,

73$%/H16,[)23$%-$%8,%8,153$;%A$17$1)/6$%4,&8$%+5,8$'$16%-$%8,%%-7(fVJ>%403&%8,%'e'$

&,)/01%M%8,%&)'$%*))(7O3(%-$/%6$&'$/%90&/%-?31$%-)'$1/)01%/H16,[)23$;%D%4,&6)&%-$%8\>

8,% -)'$1/)01% -3% 40:'$% -$7)$16% 8,% &)(9$//$% -$% 8,% /3@C$(6)7,6)01% 23?$88$% 4&0-3)6;

A$17$1)/6$% 8?+(&)6% ,)88$3&/%M% a%J8% /?,5)6% -?+6,@8)&% 31% 8)$1% (01($463$8% $16&$% 8$/%'06/% 23)

&)'$16%b_"_;%J8%-$7)$16%,80&/%+7)-$16%23$%8,%/)51)B),1($%-?31%40:'$%1$%/$%(01/6&3)6%4,/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_"]%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`X;_"!%8FGH1<FID1>%]!>%Br`%o%BrYV;_""%F')8$%A$17$1)/6$>%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%k]^`!m>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;]"Z;_"X%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%4;%`Y;_"Y%F')8$%A$17$1)/6$>%a%S$/%1)7$,3[%-$%8?,1,8H/$%8)153)/6)23$%b%k]^`!m>%)1%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%4;]!V;_"`%*+&,&-%.$//01/%(01/,(&$%483/)$3&/%4,5$/%-$%/01%037&,5$%\%($%4&0@8:'$%-,1/%/01%037&,5$>%17-3(8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%4;%]^YP]^^%kJ8%)16)638$%($/%4,5$/%M%a%QH16,[$%-$%8,%&)'$%bm;_"_%8FGH1<FID1>%!!>%BrY`%o%Br!^V;

Marcelo

!YY

-$%',1):&$%8)1+,)&$;%.$%483/>%8,%&)'$%4$36%4&0-3)&$%-$/%,//0(),6)01/%23)%(016&$-)/$16%8,

805)23$% &+,8)/6$;% S0&/23$% A,3-$8,)&$% B,)6% &)'$&% a%13)6%b% $6% a%83)6%b>% )8% 4&0-3)6% 31$

,//0(),6)01% 23)% 1?,44,&6)$16% 4,/% \% 8,% 7+&)6+% a%/)51)B)23$%b;% S$% 40:6$% 4&0-3)6% 31$

,//0(),6)01%1$37$>%40+6)23$;%A$17$1)/6$%4,&8$%,)1/)%-3% 8,15,5$%40+6)23$%(0''$%-?31

8,15,5$%-2&"-4/(;%S$%40:'$%(&+$%/01%4&04&$%4,&,-)5'$%-?,//0(),6)01/;

D)1/)%lUJO%4&)/%(0''$%4,69:'$

)(01)$%%%/$&,%-)/6)1(6%%-$%13)6%(0''$

%/)51$>%@)$1%23$%8$%40:6$%8?$'480)$%,3//)%(0''$

6$88$%ka%C03&%$6%13)6%b%q%/,1/%($//$m%\%8?0((,/)01%%$6%)8%/$&,%(9,23$%B0)/%4,&6)(38)$&;%%G,&%$[$'48$%%%S?)(01)/,16 %%

%%S$%/)51)B),16%%13)6$1%,((0&-%,7$(%8,%7+&)6+%)(01)23$%%-)/6)1(6%%-$%8,%7+&)6+/)51)B)23$%É%8)+%\%-$/%8?)(01)/,16%%%83)6%kWKJ%83)/,16(0''$%($/%6&03/%0g%8?$,3%-0&6%-,1/%8,%13)6%�%$6%8,%&)'$&$83)6%m_"V

K$%23$%8,%%-7(%&$1-%7)/)@8$%-$%',1):&$%$[$'48,)&$>%(?$/6%31$%')/$%$1%&$8,6)01

-?+8+'$16/%$16&$%$3[%23)%1?$/6%4,/%-?0&-&$%/H16,[)23$%',)/%)Q"'*.7*'-4/(>%,3%/$1/%-$

Q,3//3&$;%K$%1?$/6%4,/%31%0&-&$%k0@C$(6)Bm>%(?$/6%31$%0&5,1)/,6)01%k/3@C$(6)7$m;%K?$/6%($

23?31$%+(036$%0&5,1)/$%\%/,%',1):&$;%.?,36&$%4,&6%8$/%,//0(),6)01/%23$%8,%&)'$%4&0-3)6

(016&$-)/$16%8,%805)23$>%8,%95%-'5%-3%8,15,5$%&+B+&$16)$8%k8?)(01)/,16_"^%$/6%a%-)/6)1(6%-$

8,%7+&)6+%/)51)B)23$%bm%h%$6%A$17$1)/6$%(90)/)6%4&+()/+'$16%31$%&)'$%4,&,-0[,8$%-3%40)16

-$%73$%-$%8,%805)23$%&+,8)/6$>% 8,%&)'$%a%13)6P83)6%b;%K$66$%&)'$>%4,&%(016&$>%,3%40)16%-$

73$% -3% 40:'$>% 4&0-3)6% 31$% ,88),1($% 1037$88$>% 31% *22&%,>% 31$% 7+&)6+% )(01)23$

k8?)(01)/,16% $/6% a%$1% ,((0&-% ,7$(% 8,% 7+&)6+% )(01)23$%bm;% D)1/)>% 8$% 40:'$% (01/6&3)6% 31

4,&,-)5'$%-?,//0(),6)01/%23)%83)%$/6%4&04&$>%)8%(01/6&3)6%/,%/)51)B),1($;%K?$/6%($8,%23$

A$17$1)/6$% 7$36% -)&$% 80&/23?)8% +(&)6>% a%8$% 4,&,-)5'$% $/6%'+'0&)$8%$6% +'06)011$8%b_XZh

(?$/6%23$%8$%4,&,-)5'$%$/6%(01/6&3)6%4,&%8$%40:'$>%4,&%8,%'+'0)&$%-3%40:'$;%F1%036&$>

($/%&)'$/%4,&,-0[,8$/%23)%&,44&0(9$16%-$/%(016&,)&$/%-0)7$16%103/%&,44$8$&%8$%a%4$1/$&

)',5+%b_X]%-$/%/3&&+,8)/6$/;%*+&,&-%.$//01/%$[48)23$%,)1/)%23$%8,%(01($46)01%/3&&+,8)/6$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_"V%8FGH1<FID1>%]!>%Br"%o%BrYY;_"^%a%J(01)/,16%b%&$//$'@8$%4&$/23$%\%a%)1(01/()$16%b>%03%-3%'0)1/%8?+7023$;_XZ%8FGH1<FID1>%]!>%Br`%o%BrYV;_X]%S?$[4&$//)01%$/6%-$%O&)/6,1%OI,&,;%f1%&$170)$%)()>%\%4&040/%-$%8?)',5$%/3&&+,8)/6$>%,3%6&,7,)8%-$&+B8$[)01%-$%*+&,&-%.$//01/%-,1/%/01%037&,5$%I"'%&,/2'-&"#g#3A*"*3Q)(#,/#$&;7(%k!$%+-;%]^^`m>%D&',1-K08)1>%!ZZV>%4;%_]P_`;

%%%%%/$&,%É%4,&,-0[,8$'$16%',)/

Marcelo

!Y`

-$% 8?)',5$%a%/?,443)$%9)/60&)23$'$16%/3&% 8,%-+B)1)6)01%$'4&316+$%4,&%A&$601%\%G)$&&$

L$7$&-H>%403&%8$23$8%8?)',5$%&$40/,)6%$//$16)$88$'$16%/3&%8$%s&,44&0(9$'$16%-$%-$3[

&+,8)6+/%483/%03%'0)1/%+80)51+$/t;%F6%4836w6%483/%23$%'0)1/%M%sG83/%8$/%&,440&6/%-$%-$3[

&+,8)6+/%&,44&0(9+$/%/$&016%80)16,)1/%$6%C3/6$/>%483/%8?)',5$%/$&,%B0&6$%É%483/%$88$%,3&,%-$

43)//,1($%$6%-$%&+,8)6+%40+6)23$t_X!;b_X";%%J8%/?,5)6%-01(>%4,&%($66$%',1):&$%-$%&,44&0(9$&

-$/%(016&,)&$/>%-$%-+(037&)&%31$%&+,8)6+%1037$88$>%$6%-,1/%($%/$1/>%(0''$%8?+(&)6%D1-&+

A&$601% a%8?)',5)1,)&$% $/6% ($% 23)% 6$1-% \% -$7$1)&% &+$8%b_XX>% ($% 23$% A$17$1)/6$% -)/,)6

,3//)%M%K$83)%23)%&+4:6$%($/%7$&/%,((:-$%\%($6%31)7$&/%/$(01->%23)%$/6%6036%$16)$&%)1(83/

-,1/% 8$/%'06/%,//$'@8+/%4,&% 8$%40:6$;%f%')&,(8$%4$&',1$16>%w%(01B3/$%'$&7$)88$%23$

($66$% B)(6)01% -$7$1,16% /34&e'$% &+,8)6+% -,1/% $6% 4,&% 8$/% '06/%b_XY;% G03&% O&)/6,1% OI,&,

+5,8$'$16%8,%')//)01%$//$16)$88$%-$%8,%40+/)$%$/6%a%-$%(&+$&%31$%&+,8)6+%40+6)23$%4836w6

23$% -$% 6&,-3)&$% $1% 4,&08$/% 31$% )',5$% -011+$% -?,36&$% 4,&6% -,1/% 31%'01-$% 23)% 1?$/6

7)&63$88$'$16%4,/%8$%/)$1%b_X`;%Q,1/%-036$%8,%&+B8$[)01%-$%A$17$1)/6$%6&037$%31$%-$%/$/

&+B+&$1($/% 8$/% 483/% )'40&6,16$/% -,1/% 8?31)7$&/% /3&&+,8)/6$>%',)/% ($% 1?$/6% 4,/% /,% /$38$

&+B+&$1($%h% A$17$1)/6$% 7,% (9$&(9$&% (9$I% 8$/% /H'@08)/6$/>% ',)/% ,7,16% 6036% (9$I

A,3-$8,)&$%83)P'e'$%8$/%'0H$1/%-$%4$1/$&%8$%8,15,5$%40+6)23$;

S,% &+B8$[)01% -$% A$17$1)/6$% /3&% 8$% /H16,5'$>% /3&% 8,% &)'$% B,)6% ,44,&,{6&$% 23$

8?*))(7O3*.(#23$%4&0-3)6%8$%40:6$%$6%23$%&$P4&0-3)6%8$%8$(6$3&%1?$/6%4,/%31%,//$'@8,5$

0@C$(6)B>%/H16,[)23$>%',)/%31%,//$'@8,5$%40+6)23$;%K$%23?)8%1$%B,36%4,/%03@8)$&%-$%-)&$>

(?$/6%23$%403&%A$17$1)/6$>%A,3-$8,)&$%$/6%8$%40:6$%-$/%(0&&$/401-,1($/>%$6%23$%($%23?)8

-)6% -?,//$'@8,5$>% -$% C01(6)01>% -?,88),1($>% 4&0(:-$% -?31$% &+B8$[)01% \% 4&040/% -$

A,3-$8,)&$%M% a%G83/% $[,(6$'$16%M% A,3-$8,)&$% $/6% 8?90''$% 23)% 31)B)$%x(01B01-y% -$/

(9,'4/% -)/6)1(6/% -$% 4$&($46)01% $6% -$/% /+&)$/% 4,&,88:8$/% -$% 6$&'$/>% $1% +6,@8)//,16% -$/

(0&&$/401-,1($/%40+6)23$/%kq%(&+,6&)($/m%;%%#$%(&0)/%%23$%(0&&$/401-,1($%%$/6%8$%'06P(8+

-$%/,%40+6)23$%b_X_;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_X!%.+B)1)6)01%&$4&)/$%4,&%D;%A&$601%\%G;%L$7$&-H%kc&%,`>/,>%]^]Vm>%k106$%-$%*;%.$//01/m;_X"%*+&,&-%.$//01/>%I"'%&,/2'-&"#g#3A*"*3Q)(#,/#$&;7(%k!$%+-;%]^^`m>%D&',1-%K08)1>%!ZZV>%4;%_!;_XX%D1-&+%A&$601>%a%J8%H%,3&,%31$%B0)/%b>%)1%<(#D(9&39(%#g#2:(9(/N#O3*"2)%k()6+%4,&%*+&,&-%.$//01/m;_XY%8FGH1<FID1>%!!>%Br^%o%Br!Y];_X`%O&)/6,1%OI,&,>%()6+%4,&%*+&,&-%.$//01/%-,1/%/01%I"'%&,/2'-&"#g#3A*"*3Q)(#,/#$&;7(>%4;%_!;_X_%8FGH1<FID1>%]_>%BrV%o%Br]!^;

Marcelo

!Y_

W<.*& )$%2,-& #-& 2B*+(G/-& 2;%+-*6& )#52& #$,*& 45-& 2-2#,/,+-2&G7(//(+,:(#-2%

S0&/23$% A$17$1)/6$% +(&)6% 23?$1% 40+/)$% 8$% /H16,5'$% /?+6$1-% 483/% 80)1% 23$% /$/

8)')6$/% 5&,'',6)(,8$/>% )8% 4&040/$% ,B)1% -$% 4$1/$&% ($66$% 1037$88$% -)'$1/)01% -3

/H16,5'$>%31$%/+&)$%-$%6$&'$/%M%)Q7$*':;7(>%)Q7$:%&%-(>%)Q7$:%&"-(>%483/% 80)1%-,1/

8$%',13/(&)6%)8%4,&8$%-?*))&2-*'-&")#$*':57*'-4/()#M

S?)(01)/+%%%/$%%-+6$&')1$%%4,&%%8$/

/H16,5'$/%M%6,16w6%%@01>%-03[>%(0''$%8,%13)6%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%8,%-03($%13)6A03%,BB&$3/$/%13)6/%k)8%B,3-&,)6%()6$&%6036%8$%&+4$&60)&$m;

%F1%40+/)$%%8$%/H16,5'$%/?+6$1-%483/%80)1%23$11111111118)')6$//$/%-)'$1/)01/%5&,'',6)(,8$/%h%)8%$'@&,//$

8,%(0'4,&,)/01>%8?$1603&,5$%6&:/%8,&5$>

4,&B0)/%8,%&)'$;%%f1%4&040/$&,)6%403&%%%%%%%%%%%%%%%%%%%%%%%%%%%/H'4,69:'$%p8$%&$10''$&%%%%%%/H'490&)$%%%%03%%/H'49&01)$

S$%4,&,-)5'$%$/6%'+'0&)$8

$6%+'06)011$8%;%%S?)(01)$%%'$6%%$1

@&,18$%%8$/%,//0(),6)01/%%23)%1$%/016%483/

/$38$'$16%/+',16)23$/%03%)-+$88$/>%',)/

4,69+',6)23$/;_XV

J8%1?$/6%4,/%(03&,16%23$%A$17$1)/6$%(9$&(9$%\%-+B)1)&%31$%-)'$1/)01%1037$88$%4,&

-$/% 1+0805)/'$/;% K$% 5$/6$% 4$36% &,44$8$&% ($83)% -$% Q,3//3&$% -,1/% 8$/% (,9)$&/

4,&,5&,''$/>%$//,H,16%-$/%6$&'$/>%(0''$%8$%.%*77(>% 8?*"'-.%*77(>% 8?:Q$&.%*77(>

8$%,-$:&"(>% 8$%)Q33*O&.%*77(>% 8$%$*%*7&%$:(;%K?$/6%-?,@0&-%,3%-)(6)011,)&$%23$%8?01

7,%-$',1-$&%31%+(8,)&()//$'$16%/3&%8$/%6$&'$/%23$%B0&5$16%A$17$1)/6$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_XV%8FGH1<FID1>%]!>%Br`%o%BrYV;

!YV

S$%-)(6)011,)&$%-?D1,608$%A,)88H%-011$% â %a%40&6$&%$1/$'@8$%b>%a%,440&6$&

$1/$'@8$>% &+31)&>% &,//$'@8$&%b%�>% â % a%,440&6$&% $1/$'@8$%b>% a%&,//$'@8$&%b>

a%31)&%b%h% % â % a%e6&$% -3% 'e'$% /$16)'$16>% e6&$% -?,((0&-% &/% -?)16$88)5$1($%b>

a%(01($70)&>% )',5)1$&%b>%a%(0'4&$1-&$%b%�>% â %a%(01/$16$'$16>% ,((0&-%b%h

>% a%,70)&% 8,% B,(386+% -$% 4$1/$&% $6% -$% /$16)&%b>% â >% a%$/4&)6>% )16$88)5$1($>

4$1/+$%b>%a%',1):&$%-$%4$1/+$>%/$16)'$16%b>% >%a%,(6)01%-$%4$1/$&%b>%a%4$1/+$>

-$//$)1%b>% a%4$&($46)01% 4,&% 8?)16$88)5$1($>% /$16)'$16>% )16$88)5$1($% -?31$% (90/$%b�%h

â % a%6036% +7+1$'$16% 23)% /3&7)$16% $6% 23)% ,BB$(6$% 8$% (0&4/% &/% 8?|'$%b% �>

â % a%$[40/+% &/% /3C$6% ,3[% +'06)01/>% \% 8,% /03BB&,1($%b>%

a%a%,(($//)@8$/%,3[% )'4&$//)01/%$[6+&)$3&$/>% (,4,@8$%-$% /$16)&>% /$1/)@8$%b%h% â

a%4,&6)()4,6)01% \% 8,% /03BB&,1($% -?,36&3)>% (0'4,//)01>% /H'4,69)$>% ,A&}# ("# .5"0

(0''31,36+%-$%/$16)'$16/%&/%-?)'4&$//)01/%b_X^;

>Q7$:&%-(>%)Q7$:%&"-(>%)Q7$*':;7(>% ($%1?$/6%4,/% 8$%'e'$% 6$&'$>%',)/%($%23$

A$17$1)/6$% 6&,7,)88$% \% 4$1/$&% \% 6&,7$&/% $3[% (?$/6% 8,% -)'$1/)01% -$/% ,//0(),6)01/>% -$/

(0&&$/401-,1($/%23$%4&0-3)6%($83)%23)%8)6%31%40:'$;%K?$/6%31$%69+0&)$%-$%8,%8$(63&$;%F6

A$17$1)/6$% 4$1/$% ($66$% 69+0&)$% -$% 8,% 8$(63&$% \% 4,&6)&% -$% A,3-$8,)&$>% \% 4,&6)&% -?31$

40+6)23$% -$% A,3-$8,)&$>% -$% /01% +(&)63&$% -$/% 2&%%()$&",*"2()%M%a%A,3-$8,)&$% $/6

8?90''$% 23)% 31)B)$%x(01B01-y% -$/% (9,'4/% -)/6)1(6/% -$% 4$&($46)01% $6% -$/% /+&)$/

4,&,88:8$/% -$% 6$&'$/>% $1% +6,@8)//,16% -$/% (0&&$/401-,1($/% 40+6)23$/% kq% (&+,6&)($/m%;% #$

(&0)/% %23$%(0&&$/401-,1($%$/6% 8$%'06P(8+%-$% /,%40+6)23$%b_YZ;%S,%2&%%()$&",*"2(% $/6>

403&%A$17$1)/6$>%31$%B0&'$%-$%8,15,5$>%31$%B0&'$%-$%7)$%23?)17$16$%A,3-$8,)&$;

>Q7$:&%-(>% )Q7$:%&"-(>% )Q7$*':;7(# (01/6&3)/$16% 8,% -)'$1/)01% -?31$% 8$(63&$

/3@C$(6)7,16$;% U1% &$5,&-% $1(0&$% ,3% -)(6)011,)&$% B,)6% ,44,&,{6&$% 23$% 8$% 6$&'$% -$

)Q"'*.7(>%/)%01%8$%4&$1-%,3%'06%k($%23$%Q,3//3&$%4,&%$[$'48$%1$%B,)6%4,/>%$6%101%483/

A$17$1)/6$m>% -+B)1)6% 31% 0&-&$%@)$1% 483/% 0@C$(6)B;% K$% 1?$/6% 4,/% 8?)1/6)636)01% 03% 8,

4&0-3(6)01%-?31$%0&5,1)/,6)01>%(?$/6%8?0&5,1)/,6)01%$88$P'e'$>%($%1?$/6%4,/%31%4&0(:/>

(?$/6%31%+6,6%M% â >%(?$/6%8,%a%(90/$%&,15+$%,7$(%31$%,36&$%b>%8$%a%(0&4/%-$%6&034$

&,15+%b>% 8,%a%(0'40/)6)01>%037&,5$%b>% 8?a%,((0&-%-$%'3/)23$%b%�>% %a%')/$%$1

0&-&$>% -)/40/)6)01% k-?31% $'4)&$m% ~�Ä% -?31$% 0&5,1)/,6)01% &/% )1/6)636)01%b>% a%0&-&$% -$

@,6,)88$>% ,&'+$% &,15+$% $1% @,6,)88$%b>% a%(0'40/)6)01%b>% a%(01/6&3(6)01% 5&,'',6)(,8$%b

�m;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_X^%IO-,;>%4;%]V!Y;_YZ%8FGH1<FID1>%]_>%BrV%o%Br]!^

!Y^

K0''$% 8$% -)6% A$17$1)/6$>% a%$1% 40+/)$% 8$% /H16,5'$% /?+6$1-% 483/% 80)1% 23$% /$/

-)'$1/)01/%x8)')6$/y%5&,'',6)(,8$/%b;%f1%4$1/$%\%($%23?<$1&)%=$/(9011)(%,%/3%4,&

$[$'48$% 70)&% -,1/% <(# H(%"-(%# @&/%# ,A/"# 2&",*7"5% -$% i)(60&% <350%M% -$/% /+&)$/

(01/01,16)23$/% $6% -$/% B)1,8$/% 70(,8)23$/% 23)% 0&5,1)/$16% (9,(31$>% \% 8?+(9$88$% -$

8?v37&$>% 31% 4,&,-)5'$% /+',16)23$_Y];% .$% 8,% 'e'$% ',1):&$>% A$17$1)/6$>% 4,&8,16% -$

)Q7$:&%-(>% -$% )Q7$:%&"-(>% -$% )Q7$*':;7(>% -+B)1)6% 8,% -)'$1/)01% -?31$% 8$(63&$

40+6)23$;

S$%6$&'$%-$%)Q7$:&%-(%/$'@8$%6&,-3)&$%($83)%-?*))(7O3*.(>%03%-$%@&"2'-&">%-$

2&7O-"*-)&">% 23$% A$17$1)/6$% $'480)$% 403&% -+(&)&$% ($% 23$% B,)6% 8$% 40:6$;% K$66$

/H'490&)$%-+4,//$%8$/%8)')6$/>%8$/%-)'$1/)01/%5&,'',6)(,8$/%-3%/H16,5'$>%$88$%$/6%($

23$%(01/6&3)6%8$%40:'$>%/,%(0'48$[)6+>%8,%/3@C$(6)7,6)01%23?$88$%4&0-3)6;%f1%70)6%@)$1>

31$%1037$88$%B0)/>%23$%/)%8,%/H'490&)$%)'48)23$%31$%69+0&)$%-$%8?+(&)63&$%40+6)23$>%$88$

)'48)23$% )1-)//0(),@8$'$16% 31$% 69+0&)$% -$% 8,% 8$(63&$;% J8% $/6% -?,)88$3&/% (8,)&% 23$

A$17$1)/6$% 1$% -)//0()$% 4,/% ($/% -$3[% ,(6)7)6+/;% K$83)% 23)% +(&)6% $/6% )''+-),6$'$16

8$(6$3&>%($83)%23)%8)6%&$P(&+$%8$%40:'$>%)8%8$%&+P+(&)6%M%a%K$83)%23)%&+4:6$%($/%7$&/%,((:-$%\

($6%31)7$&/%/$(01->%23)%$/6%6036%$16)$&%)1(83/%-,1/%8$/%'06/%,//$'@8+/%4,&%8$%40:6$%b%_Y!>

+(&)6%A$17$1)/6$;%a%S$%4,&,-)5'$%$/6%'+'0&)$8%$6%+'06)011$8%b>%($%23)%/)51)B)$%23$%8$

8$(6$3&% 4&0-3)6% 31$%'+'0)&$% -3% 40:'$>% )*%'+'0)&$% -3% 40:'$;%K$8,% /)51)B)$% $1(0&$

23?)8% 1$% 4$36% H% ,70)&% 23$% -$/% ,//0(),6)01/% 4,&6)(38):&$/>% 4&0-3)6$/% 4,&% 8$% 40:'$;% F1

($8,>%$1(0&$%31$%B0)/>%8$%40:6$%(&+$%31$%a%/+')06)23$%b%23)%83)%$/6%4&04&$>%$6%-,7,16,5$

31$% )57-&3&.-(# "&/9(33(;% A$17$1)/6$% +(&)6% -,1/% a%Q+')0805)$% -$% 8,% 8,153$%b%M% a%S,

1,63&$%-$%8?90'0805)$%4$36%7,&)$&>% )163)6)7$%03%&,)/011+$>%/3@/6,16)$88$%03%/6&3(63&,8$>

(01($463$88$% 03% 40+6)23$;% sS$/% 4,&B3'/>% 8$/% (038$3&/% $6% 8$/% /01/% /$% &+401-$16;t%K$/

s(0&&$/401-,1($/t% 1$% /016% 23?\%A,3-$8,)&$>% $88$/% 0&5,1)/$16% /01% 31)7$&/% 40+6)23$% $6

8?)',5$&)$%23)%8$%&$B8:6$%b_Y";

D7$(% 8$% 6$&'$% -$% )Q7$:%&"-(>% 01% 603(9$% 4&+()/+'$16% \% 8,% -)'$1/)01% -$/

a%(0&&$/401-,1($/%b;% K?$/6>% /$'@8$P6P)8>% ($% 23?31$% 8$(63&$% ,//$'@8$>% (0''$% "/-'% $6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_Y]%a%S$/%B)1,8$/%70(,8)23$/>%(01(83/)7$/>%(?$/6P\P-)&$%/,1/%4&08015$'$16>%(0&&$/401-$16%-,1/%S$%.$&1)$&C03&%-?31%(01-,'1+%4,&%8$3&%&$B3/%-$%8,%'+80-)$%,3%&$B3/%-3%8H&)/'$%$6%',&23$16%8$/%106,6)01/0@C$(6)7$/>%-$/(&)46)7$/%$6%8$%-+B)1)6)B>%8?)1+83(6,@8$>%8$%6&0123+>%8$%7&-`7*-"'("*"';%o%S$/%B)1,8$/(01/011,16)23$/>%/3/4$1/)7$/>%,88015$,16$/>%106$16%8,%&+/011,1($%)16+&)$3&$>%8,%/03BB&,1($>%8,%&+7086$>%8,7&%'%4,&%3()#*/'%();%l01%4,&%9,/,&-%',)/%4,&($%23$>%-,1/%($%B01(6)011$'$16%23)%1$36&,8)/$%8?0440/)6)01-3%(01/()$16%$6%-$%8?)1(01/()$16>%8$%8)7&$%$/6%31$%B0&($%23)%,)',16$%603/%($/%+8+'$16/>%$6%23$%(?$/6%8\%/01)Q)';7(>%23)%4+1:6&$%8$/%,36&$/%/6&3(63&$/%&H69')23$/%$6%4&0/0-)23$/%b>%<$1&)%=$/(9011)(>%K&/%#3*$&5'-4/(>%IY+#12%-%(#[/.&>%O0'$%!>%*,88)',&->%S$%K9$')1>%G,&)/>%]^__>%4;%`_P`V;_Y!%8FGH1<FID1>%!!>%Br^%o%Br!Y];_Y"%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`];

!`Z

3/-'�%>% 8,% /+',16)/,6)01% 23$% ($66$% ,88),1($% 4&0-3)6;% D7$(% 8,% /H'49&01)$>% (?$/6% 8,

-)'$1/)01%-$%8,%4&0-3(6)01%-$%8,%/)51)B),1($%23$%A$17$1)/6$%,66$)16;

S$% 6$&'$%-$% )Q7$*':;7(>% /?)8% $/6% +5,8$'$16% 31%9,4,[>% $/6% \%'$66&$% $1% &$8,6)01

,7$(% 8$/% 6$&'$/% -$% $*':;7(>% -$% $*':57*'-4/(% $6% -$% $*':5'-4/(>% 23)% ,44,&,)//$16

+5,8$'$16%-,1/%8$/%',13/(&)6/;%K?$/6%8,%-)'$1/)01%57&'-&""(33(%-3%8,15,5$%40+6)23$;

A$17$1)/6$%+(&)6%M%a%S?)(01)$%'$6%$1%@&,18$%8$/%,//0(),6)01/%23)%1$%/016%483/%/$38$'$16

/+',16)23$/%03% )-+$88$/>%',)/%4,69+',6)23$/%b%h%01% 8)&,%$1(0&$%a%8$%-)/(03&/%40+6)23$

4&0-3)6%$6%&$1037$88$%8?s+'06)01t>%4,69+6)23$%03%$/69+6)23$%b_YX%h%a%S$%4&0@8:'$%1?$/6

483/% -?,//$'@8$&% 8$/% '06/% -?31% -)/(03&/% 40&6,16% &+B+&$1($% \% 31$% /)63,6)01%h% 6036% \

8?)17$&/$>% 8,% /)63,6)01% k8?0@C$6>% $6(;m% /$% &$B8:6$% -,1/% 31% s4,69:'$t% -?+'06)01>% 403&

8$23$8%8$%40:6$%-$7&,%6&037$&%8$/%'06/%,44&04&)+/%b_YY;%f1%/$&,%4$36Pe6&$%6$16+%-$%-)&$

23$%A$17$1)/6$%+(&)6%8\%31$%4/H(90805)$%-3%40:6$>%-3%8$(6$3&;%=,)/%($%23)%-)/6)153$%8$

4&0C$6% -$% A$17$1)/6$% -?31$% 4/H(90805)$>% (?$/6% 23$% 8?+'06)01>% 8$% 4,69+6)23$>% ,% -$/

$1C$3[;%S$%8,15,5$%40+6)23$%,%31%$1C$3%-$%&+,8)6+>%)1-)7)-3$88$%$6%6&,1/)1-)7)-3$88$;%F6

A$17$1)/6$%B,)6%-$%8?57&'-&"%31$%$[4+&)$1($%1$37$%$6%31)23$%23)%-+48,($%8$%/3C$6;%f1

/$&,)6%6$16+%-?$16$1-&$%-,1/%8?57&'-&"%8,%7,8$3&%+6H'0805)23$%-3%6$&'$>%($%23)%'$6%$1

'037$'$16>% ($% 23)% 6&,1/B0&'$% 31% /3C$6>% (0''$% -,1/% 8$% 6$&'$% -$% 7&'-9*'-&"% /)

)'40&6,16%-,1/%8?,&6)(8$%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$;%D)1/)

01% 4,//$% -?31$% 4/H(90805)$% \% 31$% 69+0&)$% -3% 8,15,5$>% 4,&($% 23$% 8?+'06)01% $/6% (9$I

A$17$1)/6$%8$%10'%-$%8?$[4+&)$1($%-?31$%&+,8)6+%1037$88$>%)16$&/3@C$(6)7,16$;%K*':;7(

&)'$% ,7$(% $&;7(;% K$% 23$% B,)6% 8$% 40:'$>% (?$/6% 31% $BB$6% 57&'-&""(3% $6% ()':5'-4/(;

A$17$1)/6$% -+B)1)//,)6% ,)1/)% 8,% 40+6)23$%M% a%S,% 40+/)$% 8,% 8,153$% 40+6)23$% $6% 483/

4&+()/+'$16% 8,% 40+6)23$% 1$% (01/)/6$% 4,/% \% -)&$>% ',)/% \% B,)&$;% F88$% 403&/3)6% x8,

4&0-3(6)01% -?31y% 31% ($&6,)1% $BB$6>% +'06)011$8% $6% $/69+6)23$%b_Y`;% G03&% A$17$1)/6$

8?31)6+%-3%40:'$%$/6%8$%$*':;7(%k)8%4,&8$&,%-,7,16,5$%-?-2&"(m;%S$%4,69:'$%1$%/+4,&$

4,/% $16&$% 31$% B0&'$%-$%7)$% $6% 31$% B0&'$%-$% 8,15,5$;% G03&%A$17$1)/6$>% a%S$% 8,15,5$

40+6)23$%(9$&(9$%x\%&+,8)/$&y%%8?,-+23,6)01%-$%8,%8,153$%\%($66$%31)6+%4&0B01-$%-$%8?e6&$

$6% -3% '01-$%b_Y_;% K$% 23$% A$17$1)/6$% 6&,7,)88$% \% -+B)1)&% $1% $//,H,16% 8$% 6$&'$% -$

)Q7$*':;7(>% (?$/6% 8,% -)'$1/)01% -?31$% 8$(63&$% -3% 40:'$% (0''$% (0'48$[$% -$

4,69:'$/;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_YX%8FGH1<FID1>%!!>%BrY`%o%Br!^V;_YY%8FGH1<FID1>%!Z>%Br]Z%o%Br!ZX;_Y`%8FGH1<FID1>%]V>%Br]]%o%Br]VX;;_Y_%8FGH1<FID1>%!!>%Br"Z%o%Br!_!;;

!`]

f1%70)6%,7$(% 8,%106)01%-$%$*':;7(%A$17$1)/6$%-+B)1)&%31$%B0&'$% 6&:/% )1-+B)1)$>

31$%B0&'$%4/(32&"4/(%(0''$%-)6%Q,3//3&$;%U1%$*':;7(%1?$/6%4,/%31%+8+'$16%4&+()/>

B)[+>%-+6$&')1+%k4901:'$>%'06>%B)53&$�m>%(?$/6%,3%(016&,)&$%8?)1-+B)1)>%8?9)/60&)()6+>%8,

7)&63,8)6+%-?31$%8$(63&$;%R0&'$%-$%8,15,5$%$6%B0&'$%-$%7)$%1$%/016%4,/%-$/%B0&',8)/'$/;

J8%1?$/6%4,/%)136)8$%-$%&,44$8$&%(0''$16%Q,3//3&$%-+B)1)6%8$%)("'-7("'#,(#3*#3*"./(>%8,

5&,'',)&$%)163)6)7$%23$%8$%/3C$6%+8,@0&$>%4,&($%23$%/$801%'0)%)8%H%,%)()%23$823$%(90/$

-$% (0''31%,7$(% 8$%4&0C$6% -$%A$17$1)/6$;%Q,3//3&$% +(&)6% M% a%K$%23)% $/6% &+$8>% (?$/6% ($

-016% 8$/% /3C$6/% 4,&8,16/% 016% (01/()$1($% \% 31% -$5&+% 23$8(0123$%h% 6036% ($% -016% )8/% 016

(01/()$1($%$6%&)$1%23$%2(%-016%)8/%4$37$16%,70)&%(01/()$1($%b_YV;%K$%23$%70)6%Q,3//3&$

$'4e(9$%6036$%,44&0(9$%B0&',8)/6$%-3%8,15,5$;%S$%/$16)'$16%-$%8,%8,153$%B,)6%23?01%1$

4$36% 4,/% 4$1/$&% -$/% 31)6+/% 0@C$(6)7$/% -,1/% 8$% 8,15,5$>% 01% 1$% 4$36% 70)&% 23$% ($% 23?31

/3C$6%-+6$&')1$%(0''$%31)6+%/)51)B),16$;

%A$17$1)/6$% 8$% &$-)6% 31% ($&6,)1% 10'@&$% -$% B0)/>% (9,23$% 8$(63&$% &$1037$88$% 8$

40:'$>%8?$[4+&)$1($;%J8%+(&)6%,)1/)%M%a%-$/%'06/%,)1/)%C0)16/%1,{6%31%Å/$1/%40+6)23$Å%23)

$/6%(9,23$%B0)/%\%-+(037&)&>%23)%4$36%&$/6$&%'e'$%)1($&6,)1%03%0@/(3&>%',)/%23)%1?$1%$/6

4,/% '0)1/% 8\%b_Y^;% K9,23$% 8$(63&$% $/6% 31$% 8$(63&$P+(&)63&$;% A$17$1)/6$% 1?,% 4,/% 31$

4$1/+$%-$%8?%a%,36$3&%b>%',)/%31$%4$1/+$%-$%8?,(6)7)6+%-3%40:'$%h%A,3-$8,)&$>%(?$/6%($

23$%A,3-$8,)&$% (016)13$%-$%4&0-3)&$>% /01%,(6)7)6+>% 8,%a%8,153$%-$%A,3-$8,)&$%b;%K$66$

',1):&$%-$%1$%4,/%4$1/$&%8?,36$3&%',)/%8$%40370)&%)16$&/3@C$(6)7,16%-?31$%+(&)63&$>%01

8?,4$&T0)6%-+C\%-,1/% 8,%',1):&$%-016%A$17$1)/6$%4,&8,)6%-$%Q,3//3&$>%-016% 8,%-$/6)1+$

403&%83)%$/6%31$%a%-$/6)1+$%40/693'$%b%/$%(01B01-,16%,7$(%8,%1w6&$;%F1%($8,%A$17$1)/6$

8)@:&$%8$%40:'$%-$%/$/%(01-)6)01/%-$%4&0-3(6)01>%$1%B,)6%31$%9)/60&)()6+;%Q01%6&,7,)8%/3&

A,3-$8,)&$% (9$&(9$% \% -+(037&)&% 31$% '0-$&1)6+% -$% A,3-$8,)&$>% 8,% ',1):&$% -016% /01

40:'$%(016)13$%-$%103/%&+)17$16$&;

J8% H% ,% -,1/% 8$/% 106)01/% -$% $*':;7(>% -$% )Q7$*':;7(>% -$% $*':5'-4/(>% 8?)-+$% -$

)/O-%>%-$%$k'-%>%-$%2&7$*'-%;%%A$17$1)/6$%+(&)6%,)1/)%M

U1%/$16)'$16>31$%)',5)1,6)01%7)7$31$%+'06)01%/016-$/%)'4&$//)01/%/3@)$/)8/%1$%(0&&$/401-$16%4,/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_YV%R$&-)1,1-%-$%Q,3//3&$+#12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%]V";_Y^%8FGH1<FID1>%!!>%BrYX%o%Br!^`;

!`!

\%31$%a%4$1/+$%b>%)8/1$%(0'40&6$&016,3(31$%$[4&$//)01-011+$%4,&%,7,1($%40//)@8$%;%%%J8%B,36

%%%%8?)17$16$&;_`Z

G03&%A$17$1)/6$>% )8% 1?$[)/6$% 4,/% -$% 4$1/+$% $1% -$90&/% -3% 8,15,5$>% (0''$%403&

Q,3//3&$;% K$% 23?)8% +(&)6% -?,)88$3&/% -,1/% 8$/% ',13/(&)6%M% a%<0&/% -3% 8,15,5$>% (?$/6% 8,

1+@38$3/$%-$%Q,3//3&$%b_`];%f1%1$%4$36%4,/%4$1/$&%23$%A$17$1)/6$%/$%(016&$-)/$%-,1/

31$%4$1/+$%49+10'+10805)23$%0g%)8%H%,3&,)6%-?,@0&-%31$%$[4+&)$1($%'3$66$%-3%'01-$>

43)/% /,% 7$&@,8)/,6)01;%S0&/23$%A$17$1)/6$% 4,&8$% -?a%)'4&$//)01/% )/O-()%b>% )8% -)6% ,36&$

(90/$>%)8%-+(&)6%-,7,16,5$%8,%"52())-'5%-?31$%$[4&$//)01%1037$88$%403&%31$%$[4+&)$1($

1037$88$%ka%)8%=*/'%8?)17$16$&%bm>%)8%-)6%23?)8%H%,%23$823$%(90/$%g#,-%(%$6%23$%8$%8,15,5$

0&-)1,)&$%1$%8$%4$&'$6%4,/;%f1%8)6%,)88$3&/%31$%B0&'38,6)01%4&$/23$%-3%'e'$%0&-&$%M

=,)/%8$%8,15,5$%40+6)23$%$/6%8?+101(+-$%8?$[4+&)$1($%;%J8%4&0(:-$%-$%8?$[4+&)$1($%%$6(0''31)23$%8?$[4+&)$1($%;%=,)/%$1%6,16%23$%8,15,5$%(?$/6%31$%7$&@,8)/,6)01%%k$6%(01($463,8)/,6)01m%-$%8?$[4+&)$1($%7+(3$;%%%%S?)'4&$//)01%$/6%6&,1/40/+$%$1%-)/(03&/,80&/%23$%8?)-+$%$/6%+101(+$%$1%-)/(03&/;

F[$'48$%B03&1)%4,&%A,3-$8,)&$%83)P'e'$%\%4&040/%-$%/,%/6&049$%/3&%%.$8,(&0)[;_`!

J8% /?,5)6%-$% 8,%93)6):'$%/6&049$%-3%40:'$%<()#K:*%()% -,1/#<()#T3(/%)#,/#S*3;

.,1/%/01%6$[6$%403&%8?F[40/)6)01%U1)7$&/$88$%-$%]VYY>%A,3-$8,)&$%-+(&)6% 8?)'4&$//)01

23$%4&0(3&$16%8$/%6,@8$,3[%-$%.$8,(&0)[>%$6%(0''$16$%/$/%4&04&$/%7$&/%M

G3)/% ($/% ,-')&,@8$/% ,((0&-/% -$% (038$3&% B016% /037$16% &e7$&% -?9,&'01)$% $6% -$'+80-)$>%$6%8?)'4&$//)01%23?01%$'40&6$%-$%/$/%6,@8$,3[%$/6%/037$16%23,/)%'3/)(,8$;%U140:6$% ,% $//,H+% -?$[4&)'$&% ($/% /$1/,6)01/% /3@6)8$/% -,1/% -$/% 7$&/% -016% 8,% /)1(+&)6+% 4$36B,)&$%4,//$&%8,%@)I,&&$&)$%M

.$8,(&0)[>%8,(%-$%/,15%9,16+%-$/%',37,)/%,15$/>f'@&,5+%4,&%31%@0)/%-$%/,4)1/%603C03&/%7$&6>fg>%/03/%31%()$8%(9,5&)1>%-$/%B,1B,&$/%+6&,15$/G,//$16>%(0''$%31%/034)&%+603BB+%-$%Ç$@$&h

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_`Z%8FGH1<FID1>%!]>%Br]%o%Br!Z^;_`]%8FGH1<FID1>%!">%Br]_%o%Br"XZ;_`!%8FGH1<FID1>%!">%Br]_%o%Br"XZ;

!`"

<*2#,(#)*".%M%8$%&035$%h%É%9,16+%-$/%',37,)/%,15$/%M%/3&1,63&,8)/'$%h%É%/"#O&-)'&/@&/%)#9(%'%M%8$%7$&6>%(0'48+'$16,)&$%-3%&035$%h%É%/"#2-(3#2:*.%-"%M%8$/%B01-/63'3863$3[%$6%0&,5$3[%-$%/$/%6,@8$,3[%h%É%3()#=*"=*%()#('#](O(%%M%)-+$/%-$%'3/)23$&0',16)23$%23$%&+7$)88$16%8$/%9,&'01)$/%-$%(038$3&;_`"

G03&%A,3-$8,)&$>% 4,&% 8$%40:'$>% 8?-7$%())-&">% 8$/% )(")*'-&")% 23$%4&0(3&$16% 8$/

6,@8$,3[%-$%.$8,(&0)[>%-$7)$11$16%(N$%())-&";%A$17$1)/6$%4,&8$%-$%'%*")$&)-'-&"fJU>%$6

-+C\% )8% $'480H,)6% ($% 6$&'$%\%483/)$3&/% &$4&)/$/%-,1/% /$/%',13/(&)6/>% 106,''$16%403&

4,&8$&% /4+()B)23$'$16% -$% A,3-$8,)&$>% -,1/% 31$% -)/6)1(6)01% 4,&% &,440&6% \% =,88,&'+%M

a%=,88,&'+% 4$3% \% 4$3% /$% -+6,(9$% 'e'$% -$% ($66$% 6&,1/40/)6)01>% 23)% $/6% $1(0&$% 31$

(01($//)01%\%8,%&+,8)6+;%J8%&+43-)$%'e'$%6036$%,883/)01%\%31%31)7$&/%23)%,3&,)6%%23$823$

&,440&6%\%%8,%sB01(6)01%-$%13'+&,)&$t>%\%8?s$'480)%+8+'$16,)&$%-3%-)/(03&/t%b_`Y;%G03&

A$17$1)/6$>% 8$/%40:'$/%-$%A,3-$8,)&$% )1/6)63$16%31%2&"'%(`7&",(>%03%/3'%*`7&",(_``;

f1%70)6%(0''$%8,%B0&'38,6)01%a%8?,&6%-3%40:6$%(01/)/6$%,80&/%-,1/%31$%6&,1/40/)6)01%-$

8?+'06)01%$1%31$%($&6,)1$%7$&@,8)/,6)01%b_`_%/$%&,440&6$%4,&6)(38):&$'$16%\%8,%-+',&(9$

-$%A,3-$8,)&$;

A$17$1)/6$%/?)16+&$//$%\%8,%/6&049$%-$%A,3-$8,)&$%/3&%.$8,(&0)[%$6%\%8,%',1):&$

-016% )8% &,(016$% $1/3)6$% 83)P'e'$% ($66$% '%*")$&)-'-&"% -$/% )'4&$//)01/% /3@C$(6)7$/

4&07023+$/%4,&%31%6,@8$,3%$1%31$%$[4&$//)01>%4,&($%23$%($66$%/)63,6)01%4,&6)(38):&$%B,)6

,3//)% ,44,&,{6&$% 31% @$8% $[$'48$% -$% /+')0805)$% -$% 8,% 8,153$;% f1% &$4$1/$% \% ($% 23$

A$17$1)/6$% -)6% -,1/% a%Q+')0805)$% -$% 8,% 8,153$%b>% $6% 4$36Pe6&$% 4$1/$P6P)8% ,80&/% \

A,3-$8,)&$%$6%.$8,(&0)[%%M%a%U1$%(90/$%,3%'0)1/%$/6%/c&$%M%,3(31$%/+')0805)$%-3%/01>

-$% 8,% (038$3&>% -$% 8?)',5$% 1$% /$% B0&'38$&,% $1% /01/>% $1% (038$3&/>% $1% )',5$/;% O036$

/+')0805)$%-?31%/H/6:'$%101P8)153)/6)23$%-0)6%$'4&316$&% 8$% 6&3(9$'$16%-$% 8,% 8,153$>

1$% 4$36% -01(% $[)/6$&% 23$% 4,&% $6% -,1/% 8,% /+')0805)$% -$% 8,% 8,153$;% ~�Ä% 8,% 8,153$% $/6

8?)16$&4&+6,16%-$%603/%8$/%,36&$/%/H/6:'$/>%8)153)/6)23$/%$6%101P8)153)/6)23$/%b_`V;

A$17$1)/6$% &$-)6%-,1/% 8$/%',13/(&)6% ($66$% '%*")$&)-'-&"%M% a%Q3)6% 8,%580/$%-011+$

4,&% A,3-$8,)&$% -$% /,% 4&04&$% /6&049$% /3&% .$8,(&0)[%M% f1% H% 70)6% -$/% x23$% -$% 43&$/y

(038$3&/%%x/016y%6&,1/40/+$/%$1%)',5$/%-$%8,153$%M%8,(%-$%/,15%%x%%8$%&035$%o%31%@0)/

603C03&/%7$&6%%x%%8$%7$&6%(0'48+'$16,)&$%o%31%()$8%(9,5&)1%%x%%B01-/%63'386$%$6%0&,5$3[%o

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_`"%K9,&8$/%A,3-$8,)&$>%1N$&)-'-&"#G"-9(%)(33(#,(#LMCC>%)1%X/9%()#2&7$3;'()>%*,88)',&->%a%S,%G8+),-$%b>G,&)/>%]^`]>%4;%^_"_`X%F1%6036>%01%6&037$%]Y%0((3&&$1($/%-$%($%6$&'$%-,1/%8$/%',13/(&)6/;_`Y%8FGH1<FID1>%!!>%Br]X%o%Br!Y`;_``%8FGH1<FID1>%!!>%Br]X%o%Br!Y`;_`_%8FGH1<FID1>%!!>%Br"XP"Y%o%Br!_`P!__;_`V%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`Z;

!`X

B,1B,&$/% $6% Ç$@$&% x% )-+$/% -$% '3/)23$% +7$)88+$/% 4,&% 8$/% 9,&'01)$/b_`^;% K$66$

'%*")$&)-'-&"% 4&0-3)6% -$/% 2&%%()$&",*"2()%h% (?$/6% ($% 23$% -+(&)6% 8$% 40:'$% -$/

B&%%()$&",*"2()% 83)P'e'$>%a%S$/%4,&B3'/>% 8$/%(038$3&/%$6% 8$/%/01/%/$%&+401-$16%b�

K$% 23)% $/6% )16+&$//,16% (?$/6% -$% 70)&% (0''$16% ($66$% &+B8$[)01% &+,BB8$3&$% -,1/

a%Q+')0805)$%-$%8,%8,153$%b;%J8%H%,%106,''$16%31$%106$%-$%@,/%-$%4,5$%0g%01%$1%6&037$

8?+(90%M

=)$(IH/8,E%Ç,88)/>%a%=$-)$7,8%D&6%,/%,%%S,153,5$%b>%F2'()#,/#C(#B&".%;)#-"'(%"*'-&"*3,A()':5'-4/(% kD'/6$&-,'>% ]^`Xm>% X!_% 1;>% a%S,% 106)01% -$% (9,'4% /+',16)23$% $6% /01,448)(,6)01%\% 8,% 69+0&)$%-$% 8?D&6%b>%>2-("2()#,(# 3A*%'>%13'+&0%/4+(),8% k]^``m>%"%/2;>% B,)6-?36)8$/% 0@/$&7,6)01/% /3&% 8$/% /)51$/% )(01)23$/>% 106,''$16% -,1/% 8?,&6% '+-)+7,8%M% )8% H-)/($&1$% 31% a%70(,@38,)&$%b>% $6% -$/% &:58$/% -$% a%/H16,[$%b;% K$&6$/>% 01% 4$36% &$(011,{6&$-,1/% 8,% /(38463&$% '+-)+7,8$% 31% ($&6,)1% &+4$&60)&$% )(01)23$% 23)% (0&&$/401-% \% ($&6,)1/69:'$/% &$8)5)$3[>% \% ($&6,)1/% $1/$)51$'$16/% 69+0805)23$/% 03%'0&,3[;%=,)/% ($% /016% -$/'$//,5$/%(017$16)011$8/>%4&0-3)6/%-,1/%31$%6H40805)$%+5,8$'$16%(017$16)011$88$%0g%8$/B)53&$/% 0((34$16% -$/% $'48,($'$16/% /H'@08)23$/>% (01B0&'$/% \% -$/% &$4&+/$16,6)01/B,')8):&$/;% F1% 036&$>% 8$/% /(:1$/% B)53&+/% /016% 8,% 6&,1/40/)6)01% )(01)23$% -$% &+()6/% 03% -$4,&,@08$/%h% $88$/% &$4&0-3)/$16% 31$% 7$&@,8)/,6)01% )1)6),8$;% S$% 7+&)6,@8$% 4&0@8:'$/+')0805)23$>% 23)% \% 106&$% (011,)//,1($% 1?,% 4,/% $1(0&$% +6+% 40/+>% /$&,)6% -$% &$(9$&(9$&Kf==FlO% /?$BB$(63$% ($66$% 6&,1/40/)6)01% -?31$% +101(),6)01% 7$&@,8$% $1% 31$&$4&+/$16,6)01% )(01)23$>% 23$88$/% /016% 8$/% (0&&$/401-,1($/% 40//)@8$/% -?31% /H/6:'$% \% 31,36&$% $6% -,1/% 23$88$% '$/3&$% ($66$% (01B&016,6)01% /$% 8,)//$&,)6% 403&/3)7&$% C3/23?\% 8,-+6$&')1,6)01%-$%(0&&$/401-,1($/%$16&$%QJ*lFQ%-)/6)1(6/;__Z

S$/% 6$&'$/% 23)% ,44,&,)//$16% /016% 8$/% 'e'$/>% a%6&,1/40/)6)01%b% $6

a%(0&&$/401-,1($/%b>% $6% 01% 70)6% 23$% ($% 23)% )16+&$//$% )()% A$17$1)/6$>% ($% 1?$/6% 4,/% -$

/,70)&% ($% 23)% /$% 6&,1/40/$>% 23$88$/% /016% 8$/% (0&&$/401-,1($/>% ',)/% a%Kf==FlO%

/?$BB$(63$%($66$%6&,1/40/)6)01%b;%K$%1?$/6%4,/%8,%23$/6)01%-?31$%/+')06)23$%kA$17$1)/6$

-?,)88$3&/%1$%/?)16+&$//$%4,/%\%($%23)%&$8:7$%-$%8,%2&"9("'-&"m>%',)/%-?31$%/+',16)23$;

K$% 23)% )16+&$//$% A$17$1)/6$% (?$/6% 8?)17$16)01% -$% (0&&$/401-,1($/;% J8% &$4&$1-% ($

4&0@8:'$% 31% 4$3% 483/% 80)1>% 80&/23?)8% 4,&8$% -$% 8?,1,805)$>% )8% 8$% &$40/$% \% 4,&6)&% -$

A,3-$8,)&$>%\%4,&6)&%-?31$%40+6)23$%M%a%S,%1,63&$%-$%8?90'0805)$%4$36%7,&)$&>% )163)6)7$

03%&,)/011+$>%/3@/6,16)$88$%03%/6&3(63&,8$>%(01($463$88$%03%40+6)23$;%sS$/%4,&B3'/>%8$/

(038$3&/% $6% 8$/% /01/% /$% &+401-$16;t% K$/% s(0&&$/401-,1($/t% 1$% /016% 23?\% A,3-$8,)&$>

$88$/%0&5,1)/$16%/01%31)7$&/%40+6)23$%$6%8?)',5$&)$%23)%8$%&$B8:6$%b__];

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_`^%8FGH1<FID1>%!">%Br]Z%o%Br""";__Z%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;Y^;__]%IO-,;>%4;%`];

!`Y

G03&% 6$&')1$&% \% 4&040/% -$% 8?)-+$% -$% '%*")$&)-'-&">% 23$% 8?01% ,% (0''$1(+% \

,@0&-$&% -,1/% /,% &$8,6)01% ,3% $*':;7(>% \% 8?57&'-&">% 43)/23$% a%8?,&6% -3% 40:6$% (01/)/6$

,80&/% -,1/% 31$% 6&,1/40/)6)01% -$% 8?+'06)01% $1% 31$% ($&6,)1$% 7$&@,8)/,6)01%b__!>% )8% B,36

106$&%23$%403&%A$17$1)/6$%k\%6&,7$&/%A,3-$8,)&$m%8$%8,15,5$%40+6)23$%7)/$%\%31%($&6,)1

(==('# +'06)011$8% $6% $/69+6)23$;% %A$17$1)/6$% 4,&8$% ,)1/)% -?31% a%)16$16+% +'06)B%b__">

-?a%)16$16+% -?+'06)01%b__X>% $6% -?a%)16$16+% ,BB$(6)B%b__Y;% K$6% -"'("'5% 1?$/6% 4,/% 6,16% 31$

)16$16)01%)1-)7)-3$88$>%708016,)&$>%',{6&)/+$%23$%($%23)%7,%-+B)1)&%31$%1,63&$%-3%8,15,5$

40+6)23$;%S?-"'("'5#$&5'-4/(#$/6%-,1/%8$%40:'$>%)8%1?$/6%4,/%,16+&)$3&%\%83)>%)8%1?$/6%4,/

-)BB+&$16% -$% 8?)16$16+% -016% A$17$1)/6$% 4,&8$% -,1/% 8$/% ,&6)(8$/% -$/% K%&O3;7()# ,(

3-"./-)'-4/(# .5"5%*3(%h% 8?)16$16+% 1?$/6% 4,/% /+4,&+% -3% -)/(03&/;%.,1/% a%S,% B0&'$% $6% 8$

/$1/% -,1/% 8$% 8,15,5$%b% $1% ]^`_>% A$17$1)/6$% +(&)6% a%f&% 8?$[4&$//)01% /+',16)23$% 4,&

$[($88$1($%$/6%8,%49&,/$;%l03/%-)/01/%M%8,%49&,/$%$1%5+1+&,8>%/,1/%'e'$%$1%-)/6)153$&%8,

4&040/)6)01>%403&%103/%$1%6$1)&%\%8n$//$16)$8>%8,%4&0-3(6)01%-3%-)/(03&/;%J8%1$%/?,5)6%483/>

($66$% B0)/>%-3%/)51)B)+%-3%/)51$>%',)/%-$%($%23?01%4$36%,44$8$&% 8?)16$16+>%-$%($%23$% 8$

80(36$3&%7$36%-)&$>%-$% 8?,(63,8)/,6)01% 8)153)/6)23$%-$%/,%4$1/+$%b__`;%S?$[4&$//)01%a%($

23$%8$%80(36$3&%7$36%-)&$%b%,%43%)1-3)&$%$1%$&&$3&%8$/%8$(6$3&/%6&04%4&$//+/%23)%1?,3&016

4,/%83%8,%49&,/$%C3/23?,3%@036%M%a%8?)16$16+>%($%23$%8$%80(36$3&%7$36%-)&$>%8?,(63,8)/,6)01

-$%/,%4$1/+$%b;%S?)16$16+%1?$/6%-01(%4,/%8,%708016+%-$%-)&$%23$823$%(90/$%23)%$[)/6$&,)6

-+C\% -,1/% 8,% 4$1/+$% $6% 23?)8% B,3-&,)6% 6&,-3)&$% $1% 8,15,5$>% ',)/% 8?*2'/*3-)*'-&"

3-"./-)'-4/(# ,(# 3*# $(")5(>% 31$% )16$16)01% -$% 8,15,5$% $6% -$% 4$1/+$% $1/$'@8$>% 31$

)16$16)01%-?9)/60)&$>% 8?)17$16)01%-$% 8,%4$1/+$%-,1/% 8$%-)/(03&/;%K0''$% 8?+(&)6%*+&,&-

.$//01/%M%a%8?s)16$16+t%$/6%-+(&)6%(0''$%31%*2'(>%101%(0''$%31%+101(+%b___;%G$36Pe6&$

'e'$>% 103/% -)&)01/% 23?)8% $/6% -+(&)6% (0''$% 31$% *2'-9-'5>% (0''$% 8,% 7)/+$

)16$&/3@C$(6)7,16$% -3% 8,15,5$;% .,1/% a%Q+')0805)$% -$% 8,% 8,153$%b>% A$17$1)/6$% -+B)1)6

$1/$'@8$%8?-"'("'5%$6%8$%)(")>%)8%+(&)6%M%a%($%1?$/6%4,/%31$%,--)6)01%-$%/)51$/%23)%4&0-3)6

8$%/$1/>%(?$/6%,3%(016&,)&$%8$%/$1/%k8?a%)16$16+%bm>%(01T3%580@,8$'$16>%23)%/$%&+,8)/$%$6%/$

-)7)/$%$1%a%/)51$/%b%4,&6)(38)$&/>%23)%/016% 8$/%=fOQ%b__V;%K$%23)%,44,&,{6% )()>%(0''$

A$17$1)/6$% 103/% 48,($% -3% (w6+% -$% 8?,1,8H/6$>% (?$/6P\P-)&$% -$% 8?,3-)6$3&>% (?$/6% 23$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%__!%8FGH1<FID1>%!!>%Br"XP"Y%o%Br!_`P!__;__"%8FGH1<FID1>%`>%Br!%o%Br!;__X%8FGH1<FID1>%`>%Br!%o%Br!;__Y%8FGH1<FID1>%!Z>%Br]X%o%Br!ZV;__`%F')8$%A$17$1)/6$>%a%S,%B0&'$%$6%8$%/$1/%-,1/%8$%8,15,5$%b%k]^`_m>%)1#K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(+#P>%4;%!!XP!!Y;___%*+&,&-%.$//01/>%17-3(#8("9("-)'(+#3A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`>%4;%]XV__V%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;`X;

!``

8?)16$16+%k8$%/$1/m%$/6% &$1037$8,@8$>%23?)8%/$%(01/6)63$%-,1/%31%&,440&6%-?+(036$;%K?$/6

($%23)%&+,44,&,{6%-,1/%8$/%',13/(&)6/%80&/23$%103/%8)/01/%M

D3%(016&,)&$>%$1%40+/)$>%8$/%'06/%/016%(90)/)/%403&$3[P'e'$/%$6%)8/%/016%/3&0&-011+/%%\%8?)16$16+>%23)1?$/6%483/%23$%8$%&+/386,6%-$%8$3&%,//$'@8,5$%1037$,3;__^

S?)16$16+% $/6% 4&0-3)6% 4,&% 8$% 40:'$>% 4,&% (9,23$% 8$(63&$% -3% 40:'$;% J8% 1?$/6% 4,/

-+B)1);% A$17$1)/6$% 4,&8$% ,)1/)% -3% 8,15,5$% 40+6)23$% (0''$% -?31% 8,15,5$% 2:*%.5

-?+'06)01%M

S,%40+/)$%%$/6%%318,15,5$%%(9,&5+%-?+'06)01;K?$/6%8?+'06)01%23)%8$%B,)61,{6&$%$6%(?$/6%8%8?+'06)0123?$88$%%/3/()6$%;%%O036%-0)6%e6&$%-+B)1)>%+7,83+>%(8,//)B)+%-?,4&:/%8$%(&)6:&$+'06)011$8;_VZ

K$66$% $[4&$//)01%a%S,%40+/)$% $/6%31% 8,15,5$%(9,&5+%-?+'06)01%b>%A$17$1)/6$% 8,

&$4&$1-% \% Ç)88),'% K,&80/% Ç)88),'/% 23)% +(&)6% -,1/% K*'(%)&"%k(?$/6% ,7$(% ($66$

B0&'38,6)01% $1% 6&,-3(6)01% B&,1T,)/$% 23$% A$17$1)/6$% 6&,7,)88$m% M% a%S,% 40+/)$% $/6% 31

8,15,5$% (9,&5+% -?+'06)01;% .$/% '06/% 0&5,1)/+/% &H69')23$'$16%b_V];% G$36Pe6&$% ($66$

49&,/$% $/6P$88$% 8$% 40)16% -$% -+4,&6% -$% 8,% &+B8$[)01% -$%A$17$1)/6$% /3&% 8?*))(7O3*.(>% 8,

@&"2'-&"% -$/%'06/% 23$% 4&0-3)6% 8$% 40:6$;%K?$/6% ,3//)% 8?)-+$% -$% &H69'$%23)% ,44,&,{6>% $6

-016%01% /,)6% 8?)'40&6,1($%(9$I%A$17$1)/6$;%.,1/% 8$/%',13/(&)6/>% 8,%106)01%-$% %Q':7(

,44,&,{6%\%483/)$3&/%&$4&)/$/%k]Z%0((3&&$1($/m%M%106,''$16%A$17$1)/6$%4,&8$%-$%a%-+/)&

-$%&H69'$%b%M%a%F1%&+,8)6+% 8$%40:6$%4,&6%-?31$%/$1/,6)01%7)7$>%-?31$%4$&($46)01%,)53à>

4,&B0)/%'e'$% -?31% /(9+',% 7)-$% &$'48)% /$38$'$16% -?31% -+/)&% -$% &H69'$% k(B;% ($% 23$

i,8+&H%-)6%-$%8?0@/$//)01%&H69')23$%23)%,%-011+%1,)//,1($%\%8,%#$31$%G,&23$m%b_V!;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%__^%8FGH1<FID1>%!!>%BrYX%o%Br!^`;_VZ%8FGH1<FID1>%]]>%Br]%o%BrYZ;_V]%8FGH1<FID1>%]_>%Br]_%o%Br]"V;_V!%8FGH1<FID1>%!!>%Br""%o%Br!_Y

!`_

Y<'-&#(*G(G-&)$%+,45-&-2+&5*&#(*G(G-&,:$*,45-<

K?$/6%-3%&,44&0(9$'$16%$1%23$823$%/0&6$%B0&63)6%-$%-$3[6$&'$/% 23?,% C,)88)% 31$% 83'):&$% 4,&6)(38):&$>% 3/7-;%(# ,(3A-7*.(>% \% 8,23$88$% 103/% 103/% '016&01/% )1B)1)'$16/$1/)@8$/_V"

G0+/)$S,%8,153$%40+6)23$%1?,//$'@8$%4,/%-$/%'06/P(01($46/%>%',)/%-$/%'06/P)',5$/;%%%S?%a%)',5$%b>%,3%/$1/%4&04&$>%$/68$%&$//0&6%4&0B01-%-$%8,%40+/)$;%J8%/?,5)6%-?)'40/$&%8,%7)/)01%-)&$(6$%%%-$/%(90/$/>%%8,%7+&)6+%-$/%(90/$/;

O036$%8,%8)153)/6)23$%-$%8,40+/)$%-$7&,%4&0(+-$&%-$%8,%%106)01%%-?)',5$%%%$6%%8,%%%%(01($463,8)/$&%%%403&%$1%6)&$&%%%%%8?,&6)(38,6)01%%%-?31%1037$,3

%%%%%%% %/H/6:'$%-$%/)51)B)(,6)01/%%;_VX

A$17$1)/6$% 8,)//$% 8$% )-."(# 3-"./-)'-4/(% ,3% a%8,15,5$% 0&-)1,)&$%b>% \% /01

+4)/6+'0805)$;% J8% -+B)1)6% 8$% 8,15,5$% 40+6)23$% (0''$% 31% 3*".*.(# -2&"-4/(>% 4,&

0440/)6)01% ,3% 8,15,5$% 0&-)1,)&$% 23?)8% -+B)1)6% (0''$% 31% 3*".*.(# )-."-=-4/(;% J8

/?)16$&&05$%,)1/)%M%a%=,)/%23$88$%$/6%8?s31)6+t%-$%8,%8,153$%40+6)23$%(0''$%(0&&+8,6%-3

s/)51$t% -,1/% 8$% 8,15,5$% (051)6)B%p%b_VY>% 0g% 8?01% ,4$&T0)6% -+C\% 4,&% 8$/% 53)88$'$6/% 23$

(?$/6% 8?)-+$%'e'$%-?a%31)6+%b%23$%8$% 8,15,5$%40+6)23$%&$1-%(&)6)23,@8$;%G,&8$&%-?31)6+

(?$/6%$1%$BB$6%/3440/$&%31$%606,8)6+%-+'016,@8$>%0@C$(6)7,@8$>%(?$/6%/,70)&%-?,7,1($%($

23?)8%H%,%\%70)&>%,80&/%23?31%40:'$>%4,&($%23?)8%6&,1/B0&'$%31$%B0&'$%-$%8,15,5$>%31$

B0&'$%-$%7)$>% &$1037$88$% 8$/%'0H$1/%-$% 8?,1,8H/$>% &$1037$88$%($%23?)8%H%,%\%0@/$&7$&

-,1/%8$%8,15,5$;

S?%a%31)6+%b%-3% 8,15,5$%40+6)23$%1$%403&&,%-01(%4,/%e6&$%31$%31)6+% /+')06)23$>

$88$% 1$% 403&&,% e6&$% 23?31$% 31)6+% /+',16)23$%M% g# ,52&/9%-%# F# <AIcR1DI1GD# ,A/"(%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_V"%D1-&+%A&$601>%S*"-=()'(#,/#)/%%5*3-)7(%k]^!Xm>%)1%S*"-=()'()#,/#)/%%5*3-)7(>%*,88)',&->%G,&)/>]^_^>%4;%X^;_VX%8FGH1<FID1>%]^>%Br!%o%Br]VV;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo

!`V

2&7$&)-'-&";%f1%&,44$88$%)()%($%23?+(&)6%A$17$1)/6$%\%4&040/%-$/%a%31)6+/%b%-$%8?,&6%k8$

6$&'$%+6,)6%4,&$)88$'$16%23$/6)011+%-,1/%8?,&6)(8$%a%Q+')0805)$%-$%8,%8,153$%b%403&%8$/

'e'$/%&,)/01/_V`%m%M%%a%J8%B,36%$1%-+(037&)&%\%(9,23$%B0)/%8$/%6$&'$/>%23)%/016%)88)')6+/

$1%10'@&$>%)'4&+7)/)@8$/%$1%1,63&$>%-01(%\%&+)17$16$&%403&%(9,23$%v37&$>%@&$B%)1,46$/

\%/$%B)[$&%$1%31$%)1/6)636)01%b_V_;

.,1/%31%-$/%',13/(&)6/>%A$17$1)/6$%4&040/$%-$%-+B)1)&%($66$%a%31)6+%b%-3%8,15,5$

40+6)23$% (0''$% )Q7O&3(%M% a%G03&&,)6P01% -)&$% 23$>% $1% 40+/)$>% 8$% /)51$% -$7)$16

/H'@08$%p%b_VV;%%f1%4$36%/$%/037$1)&%-$%8,%',1):&$%-016%A$17$1)/6$%4,&8,)6%-3%8,15,5$

(0''$% a%/H'@08)23$%b% -,1/% /01% ,&6)(8$% a%K034% -?v)8% /3&% 8$% -+7$8044$'$16% -$% 8,

8)153)/6)23$%b% $1% ]^`";% J8% -+B)1)//,)6% $1% $BB$6% 8$% 8,15,5$% (0''$% a%6&:/% 8,&5$'$16>% 8,

B,(386+% -$% %($%5)("'(%% 8$% &+$8% 4,&% 31% s/)51$t% $6% -$% (0'4&$1-&$% 8$% s/)51$t% (0''$

&$4&+/$16,16%8$%&+$8>%-01(%-?+6,@8)&%31%&,440&6%-$%s/)51)B)(,6)01t%$16&$%23$823$%(90/$%$6

23$823$%(90/$%-?,36&$%b_V^;%f1%,%)1/)/6+%483/%9,36%-,1/%106&$%,1,8H/$%/3&%($%a%23$823$

(90/$%-?,36&$%b>%23)%-+B)1)6%8$%8,15,5$%(0''$%(&+,6)B%-,1/%/01%4&)1()4$_^Z;

A$17$1)/6$>% -,1/% 8$/% ',13/(&)6/>% 1$% 4,&8$% C,',)/% -$% a%8,15,5$% /H'@08)23$%b>

31)23$'$16%-$% 3*".*.(# -2&"-4/(>% (?$/6% ($% 6$&'$%4&+()/%23?)8% )17$/6)6;%f1% /$% /037)$16

23?)8%4,&8$%+5,8$'$16%-?-7*.(%M%a%O036$%8,%8)153)/6)23$%-$%8,%40+/)$%-$7&,%4&0(+-$&%-$

8,%106)01%-?)',5$%$6%8,%(01($463,8)/$&%403&%$1%6)&$&%8?,&6)(38,6)01%-?31%1037$,3%/H/6:'$

-$%/)51)B)(,6)01/%b_^];%J8%/$'@8$%23$%8$%6$&'$%-?a%)',5$%b%/0)6%8$%6$&'$%5+1+&,8>%$6%23$

8$%6$&'$%-?a%)(01$%b_^!%/0)6%8$%6$&'$%6$(91)23$>%4&+()/%-$%8?,1,8H/$%-$%A$17$1)/6$;%.,1/

31%-$/%',13/(&)6/%A$17$1)/6$%4&040/$%($66$%6$&')10805)$%M

31$%%%%%)(01)$%%03%31%%)(01)/'$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_VY%8FGH1<FID1>%!">%Br"Z%o%Br"Y";_V`%a%.,1/%8$/%,&6/%-$%8,%B)53&,6)01%k4$)163&$>%-$//)1>%/(38463&$m%\%)',5$/%B)[$/%03%'0@)8$/>%(?$/68?$[)/6$1($%'e'$%-?31)6+/%23)%-$7)$16%',6):&$%\%-)/(3//)01;%.$%23$88$%1,63&$%/$&,)$16P$88$/%p%Q?)8%/?,5)6-$%(038$3&/>%01%&$(011,{6%23?$88$/%(0'40/$16%,3//)%31$%+(9$88$%-016%8$/%-$5&+/%4&)1()4,3[%/016%)-$16)B)+/4,&%8$3&%10';%F88$/%/016%-+/)51+$/>%$88$/%1$%-+/)51$16%4,/%b>%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%YV;_V_%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`Vm>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;Y^P`Z;_VV%8FGH1<FID1>%!Z>%BrX%o%Br]^V;_V^%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%)1%K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(+%4;%!`;_^Z%#$%&$170)$%\%'01%,1,8H/$>%4;]VX;_^]%8FGH1<FID1>%]^>%Br!%o%Br]VV%;_^!%I2&"(>%23)%)()%(9$I%A$17$1)/6$%$/6%-$%',/(38)1>%$6%1$%40&6$%4,/%-?,(($16;

Marcelo
Marcelo
Marcelo

!`^

/$%-+(034$%$1%%%%%)(01)/,16

%% %%)(01)/+%%%%%%%%%%%%%%%%%%%%%,-C;%)(01)23$

S$%a%&+B+&$16%b%/$&,%-+/)51+%%%(0''$%%%%%$'4,69)$%%%%%%%%%%%%%%%%%%%4,69:'$%%%;_^"

S?-2&"(>% 8?-7*.(>% 8$% )Q7O&3(% $6% 8$% )-."(% /016% 603/>% 8$/% 6$&'$/% (8,//)23$/% -?31

23$/6)011$'$16%\%4&040/%-$% 8,% &$4&+/$16,6)01>%',)/% 8?-2&"(>% 8?-7*.(% $6% 8$%)Q7O&3(%1$

/016% \% 4&$'):&$% 73$% 4,/% $15,5+/% /4+()B)23$'$16% -,1/% 31$% &+B8$[)01% \% 4&040/% -3

8,15,5$%h%)8%/$'@8$&,)6%-,7,16,5$%23?)8/%,44,&6)$11$16%\%31$%&+B8$[)01%/3&%8$%9&-%>%01%8$/

4$1/$&,)6%-,7,16,5$%$1%6&,)1%-$%(01/6&3)&$%31$%69+0&)$%-$%8,%4$)163&$%23?31$%69+0&)$%-3

8,15,5$;% K$% 23?)8% B,36% 70)&% (?$/6% 23$% 403&% A$17$1)/6$>% )8% 1$% /?,5)6% 4,/% -$% 4,&8$&% -3

8,15,5$%'+6,490&)23$'$16% (0''$% -?31$% )',5$>%',)/% (0''$% 31% ($&6,)1% &,440&6% -$

&$4&+/$16,6)01>% $6% 4&+()/+'$16% 8?-2&"(% -+B)1)6% ($% &,440&6>% ($% '0-$% -$% 70)&;% f1% 4$36

,3//)%,C036$&%23$%-,1/%8,%69+0&)$%-3%8,15,5$%23$%(01/6&3)6%A$17$1)/6$%k($88$%23$%103/

(011,)//01/%$6%23?)8%403&/3)6%-,1/%/,%40+6)23$m%)8%1?H%,%4,/%-$%-)/6)1(6)01%$16&$%31%70)&

$6%31%-)&$>%4,&($%23$%8?$[4+&)$1($%-3%'01-$%$/6%31$%$[4+&)$1($%8)153)/6)23$;%Q)%8?)(01$

(9$I%A$17$1)/6$%$/6%31%'0-$%-$%-)&$>% )8%$/6% )1-)//0(),@8$'$16%31%'0-$%-$%70)&%$6%31

'0-$%-$%7)7&$;

S$%6$&'$%-?-2&"(%$/6%4&+()/>%(0''$%($83)%-?-7*.(>%$6%A$17$1)/6$%23)%(011,{6%8$

'01-$% 8,6)1% $6% 8$% '01-$% 5&$(>% 4,&8$% 1+($//,)&$'$16% -$% ($/% 106)01/% ,7$(% 8,

(011,)//,1($%-$%7,8$3&/%9)/60&)23$/%@)$1%-)/6)153+$/;%=,)/% (?$/6% /3&6036% 8,% 7,8$3&% -3

6$&'$%a%)(01$%b%23)%'$% &$6)$1-&,% )()>% (,&%(?$/6% ($% 6$&'$>%31%4$3% /3&4&$1,16%4$36Pe6&$>

23$% A$17$1)/6$% )17$/6)6% 4,&6)(38):&$'$16;% J8% $/6% )'40&6,16% -?$//,H$&% -?,'$1$&% -,1/

106&$% &+B8$[)01% 31% 4$3% -$% ($66$% ',6):&$% 9)/60&)23$>% 43)/23$% 403&% A$17$1)/6$% ($/

13,1($/% -$7,)$16% e6&$% @)$1% (8,)&$/% k'e'$% /)% C$% &$/6$% 403&% ',% 4,&6% \% 0@/$&7$&% ($

23?)1-)23$16%8$/%-)(6)011,)&$/m;

S$% -)(6)011,)&$% -?D1,608$% A,)88H% )1-)23$% ,)1/)% 8$/% 7,8$3&/% /3)7,16$/% \% 8?$16&+$

9_^X%M% ($88$% Jrm% -?% a%)',5$%b>% -?0g% ]rm% a%)',5$>% 40&6&,)6%b>% !rm% a%)',5$% &+B8+(9)$

-,1/% 31%')&0)&%b>% "rm% a%/)'38,(&$>% B,16w'$%b>% Xrm% a%)',5$% -$% 8?$/4&)6%b>% ($88$% JJrm% -$

a%&$//$'@8,1($>% /)')8)63-$%b;% S$% 7$&@$% % -016% )8% -+&)7$% /)51)B)$% 83)% a%&$//$'@8$&>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_^"%8FGH1<FID1>%]">%BrX%o%Br`X;_^X%D1,608$%A,)88H+#H-2'-&""*-%(#m%(2#T%*"E*-)>%F-)6)01%&$73$%$6%(0&&)5+$%4,&%S;%Q+(9,1%$6%G;%K9,16&,)1$>S)@&,)&)$%<,(9$66$>%G,&)/>%]^YZ%k]$%+-)6)01%]V^Xm>%4;%YVV;

Marcelo
Marcelo

!_Z

e6&$% /$'@8,@8$%b;%.,1/% 31% B$3)88$6>%A$17$1)/6$% 4&040/$% 8$/% 6$&'$/% -?5-2*)7(>% 5-2*)5>

5-2*)*"'%h% ç >% (?$/6% a%8,% &$4&+/$16,6)01>% 8?)',5$%b>% a%8,% (01C$(63&$%b;% S,

4&+0((34,6)01%23)%&$7)$16%$16&$%603/%($/%6$&'$/%-$%8,%B,')88$%-?# 9>%(?$/6%($88$%-$%8,

&$//$'@8,1($% k >% a%,7$(% 7&,)/$'@8,1($%b% �% >% a%/$'@8,@8$% \%b% �%h

>% a%&$4&+/$16,6)01>% )',5$>% ,//)')8,6)01>% (0'4,&,)/01%b>% a%,(6)01% -$% /$

&$4&+/$16$&>% (01C$(63&$&%b>% >% a%&$4&+/$16$&>% -$//)1$&% 8$% 40&6&,)6% -$% 221>% )',5$

4$)16$%-?31$%B,T01%&$//$'@8,16$%b>%a%,//)')8$&>%(0'4,&$&%b>%a%/$%&$4&+/$16$&%bm;%.?,36&$

4,&6>%)8%4,&,{6%)'40&6,16%-?0440/$&% 9%\% 9>% 8?%a%)-08$%b>%23)%$88$%$/6%8$%-03@8$

)883/0)&$% 23)% /$% B,)6% 4,//$&% 403&% 8,% (90/$% 'e'$>% 23,1-% 8?)(w1$% $/6% ,7,16% 6036% 31$

&$8,6)01>%101%31%0@C$6;

S?-,&3(% $/6% 31$% )16$&4&+6,6)01% &+,8)/6$% -$% 8?)',5$>% /)% $88$% $/6% a%31$% )',5$

&$4&+/$16,16% 31$% -)7)1)6+>% ,-0&+$% (0''$% /)% $88$% +6,)6% 8,% -)7)1)6+% $88$P'e'$%b_^Y>% 8,

a%&$4&+/$16,6)01%-n31$%-)7)1)6+%23$%8n01%,-0&$%$6%23)%$/6%8n0@C$6%-n31%(386$%,3%'e'$%6)6&$

23$% 8,% -)7)1)6+% $88$P'e'$%b_^`%M% 8$% /)51$% 1$% /$% -)/6)153$% 4,/% -$% 8,% (90/$% $88$P'e'$>

(?$/6% 31% &,440&6% -$% /3@/6)636)01% $6% -?)-$16)6+>% 8?)-08$% $/6% 31$% 4&)7,6)01% -$% /3C$6;% O036

,36&$% $/6% 8$% &,440&6% 23$% 40/$% 8?)(w1$>% 23)% $/6% +70(,6&)($%h% -?31% 0&-&$% -$% 8,

&$4&+/$16,6)01>%$88$%1?$[)/6$%23$%4,&%8$%/3C$6%23)%8,%(01/6)63$;

=,&)$P#0/+% =01-I,)1>% 23)% /?$/6% 106,''$16% )16+&$//+$% ,3% 4&0@8:'$% -$

8?)(010(8,/'$%\%AHI,1($%,3[%iJJJ$%$6%JW$%/):(8$/%$6%\%/$/%(01/+23$1($/%C3/23?\%103/_^_>

&$',&23$% 23$% 9% 1?$/6% 4,/% 31% /3@/6,16)B% ',)/% 31% 4,&6)()4$% 4&+/$16>% ($% 23)% $/6

+7)-$''$16% )'40&6,16>% (,&% 8?)(w1$% 1?$/6% 483/% ,80&/% 31% 0@C$6% ',)/% 8$% 4&+/$16% -?31$

,(6)7)6+%M

K$/%6$&'$/%1$%/$%&$(037&$16%4,/%-3%6036%M%8$%'06%a%)',5$%b%1n$/6%4,/%8,%6&,-3(6)01%-3%8,6)1a#-7*.&#b>%23)%1n$/6%4,/%8,%6&,-3(6)01%-3%5&$(%a#(-\&"#b;%D80&/%01%7,>%8\%,3//)>%4&$1-&$%8$/(90/$/%9)/60&)23$'$16>%,88$&%/3&% 8$% 6$&&,)1%9)/60&)23$%0g%8$/%(90/$/%/$%/016%40/+$/%$6%/$/016%4,//+$/>%$1%/)63,6)01%-$%(&)/$>%0g%8n)',5$%/n$/6%(01/6)63+$%(0''$%23$/6)01%\%8,%B0)/49)80/049)23$%$6%408)6)23$;%J8%$/6%)'40&6,16%-$%/,70)&%23$%8$/%(90/$/%/$%/016%-n,@0&-%-)6$/$1%5&$(;%A)$1%23$>%-,1/% 8n+58)/$%0&690-0[$>%01%,44$88$%(-\&"%-$/%0@C$6/%23n01%70)6%-,1/8$/%+58)/$/%0&690-0[$/%$6%23)%/n,44$88$16%8$/%a%)(w1$/%b>%8$%'06%(-\&"%$1%5&$(%1n$/6%4,/%6036\%B,)6%31%/3@/6,16)B;%z3,1-%G8,601>%03%8$/%G:&$/%-$%8ní58)/$%483/%6,&->%4,&8$16%-n(-\&">%)8/1$%-+/)51$16%4,/%31$%(90/$;%J8/%016%-n,@0&-%-+/)51+%31%'0-$%-n,44,&)6)01%-,1/%8$%(9,'4-3% 7)/)@8$>% 4,&($% 23$% (-\&"% $1% 5&$(% $/6% ,1,8053$% \% 31$% B0&'$% 7$&@,8$% ,3% 4,&6)()4$4&+/$16;%z3,1-%31%*&$(%7$36%-)&$% 8,%(90/$>% 8,%(90/$% )(01)23$>% )8% 4&$1-% 8,% &,()1$%-$%($'06>%(-\&">%',)/%)8% 8$%'$6%,3%1$36&$>%4,&($%23$%(-\&"%$/6%31%&$C$601%7$&@,8%,3%4,&6)()4$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_^Y%.+B)1)6)01%-3%6$&'$%a%)-08$%b%-,1/%8$%.)(6)011,)&$%9)/60&)23$%-$%8,%8,153$%B&,1T,)/$%h_^`%.+B)1)6)01%-011+$%-,1/%8$%R%5)&%#,(#3*#<*"./(#T%*"E*-)(#-"=&%7*'-)5%\%8?,&6)(8$%a%)-08$%b;9664Moo,6)8B;,6)8B;B&o_^_%i0)&%106,''$16%=,&)$P#0/+%=01-I,)1>%I7*.(+#-2|"(+#52&"&7-(0#<()#)&/%2()#OQ?*"'-"()#,(3A-7*.-"*-%(#2&"'(7$&%*-">%+-)6)01/%-3%Q$3)8>%G,&)/>%]^^`;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo

!_]

4&+/$16%,(6)B%$6%,3%B+')1)1;%z3,1-%)8%7,%8$%'$66&$%,3%1$36&$%P%8$%1$36&$%403&%8$/%(90/$/%$15&$(%/$%B)1)6%/037$16%4,&%a#7*#b#`%T,%7,%-$7$1)&%a#(-\&"-)7*#b>%(0''$%a#*$(-\*)7*#b>%a=*"'*)7*#b0%G&$101/%8n$[$'48$%-3%7$&@$%a%B,)&$%b%k$%*''&>%$%*''(-"m% M%/)%703/%36)8)/$I%8$'06%a#$%*N-)#b>%(n$/6%8n,(6)01>%(n$/6%31%'06%,3%B+')1)1>%(0''$%a#(-\&"#b#h%',)/%8,%(90/$(n$/6%a#$%*.7*#b>%($%23)%,%-011+%4&,5',6)23$%$6%$%*N-)% ,%-011+%a%4&,6)23$%b;%S$%5&$(-)/6)153$%8$%/6,636%-$%8,%(90/$%-$%8n,(6)01%23)%8$%40&6$%\%8?$[)/6$1($%M%a#$&-5)-)#b%(n$/6%8$5$/6$%-$%(&+$&>%a#$&-57*#b#(n$/6%8$%40:'$;%G,&%(016&$>%8$/%'06/%,3%1$36&$%B)1)//$16%,3//)4,&%a#&"#b%P%(0''$%a#(-,&3&"#b>%23)%,%B,)6%a%)-08$%b%P%$6%-+/)51$16>%-,1/%8$%7)/)@8$>% 8$/04+&,6)01/% -$/% (90/$/>% -$/% 0@C$6/>% -,1/% 8$3&% (01/)/6,1($% 04,23$% $6% 4&+/$16$>% -,1/% 8$3&$BB$6%-$%&+$8;%_^V

F6%483/%80)1>%4,&8,16%-$%8,%23$&$88$%$16&$%)(010(8,/6$%$6%)(01049)8$/>%$88$%,C036$%M

S$/%)(010(8,/6$/%-)/$16%23$%6036%$)d01%1$%/$%B,)6%(011,{6&$%23$%(0''$%$)-0801>%-01(%)8%H,% )-08|6&)$;%S,%&+401/$%-$/% )(01049)8$/%23)%,% 6&)0'49+%É%$6%23$% C$% 6&037$%$[6&e'$'$16)16+&$//,16$% É% (?$/6% 23$% 8$% /$38% '0H$1% -$% /,37$&% 8$% &+5)'$% -$% 8?)',5$>% (?$/6% -$% -)&$23n$16&$% $)d01% $6% $)-0801% )8% H% ,% )1(0'4,6)@)8)6+>% -)/6)1(6)01% /,1/% ,44$8% h% )8% H% ,% 'e'$(016&,-)(6)01;% F)dw1% -+/)51$% 31$% &$8,6)01>% $)-0801% -+/)51$% 31% 0@C$6;% F6% -01(>% 8$/)(01049)8$/% 016% 43% -)&$% ,3[% )(010(8,/6$/% M% (?$/6% 703/% 23)% $1% -+6&3)/,16% 8$/% )(w1$/% e6$/)-08|6&$/>% 43)/23$% -$7,16% 8,% B&,5)8)6+% $6% 8,% /$'@8,1($% -$% 8?)(w1$>% 703/% 1$% 70H$I% 23$8?0@C$6;_^^

S$%6$&'$%8,6)1%a%)',50%bVZZ%23,16%\%83)>%\%8?0440/+%-3%6$&'$# 9>%&$1-%(0'46$

-?31$% &+B8$[)01% /3&% 8?)')6,6)01>% 8,% (04)$;%K?$/6% 8$% 40&6&,)6% -?,1(e6&$>% 8,% (04)$% -?0@C$6>

,36,16%23$%8,%&$4&+/$16,6)01%4,&%8,%4$1/+$;%f1%70)6%@)$1%23?$16&$%a 9#b%$6%a%)',50%b

8$% &,440&6% 1?$/6% 4,/% 8$% 'e'$;% S? 9% 40/$% 8,% 23$/6)01% -?31% &,440&6>% -?31$

/3@C$(6)7,6)01>%23,1-%8?-7*.&%(?$/6%8?0@C$6%(04)+;

S$%H-2'-&""*-%(# 5'Q7&3&.-4/(# ,(# 3*# 3*"./(# 3*'-"(% -?F&1036% $6%=$)88$6>% )1-)23$

+5,8$'$16% 23?a%)',50%b% /3440/$% 31% &,-)(,8% -7`% 23)% 8$% &,44&0(9$% -?a%)')6,&)%b>

a%&$4&0-3)&$% 4,&% )')6,6)01%b>%a% )')6$&>% e6&$% /$'@8,@8$% \%b>% a%&$1-&$>% $[4&)'$&>

&$4&+/$16$&%bVZ];%K$()% $/6% )16+&$//,16% (,&%A$17$1)/6$% 4,&8$% -?-7*.(% $6% -?-7-'*'-&">% 8$/

B,)6% /$% (0&&$/401-&$>% ',)/% 1$% 8$/% &,66,(9$% 4,/% \% ($6% 31)7$&/% &+,8)/6$% $6% )-08|6&$% -,1/

8$23$8% )8/%/$'@8$16%/?)1/(&)&$;%I7-'(%%(9$I%A$17$1)/6$%-$7)$16%/H101H'$%-$%)/..5%(%>

-?59&4/(%;%S,%7*'-;%(# 3-"./-)'-4/(% -7-'(% k03%)A-,("'-=-(#gm% 8,% /)51)B)(,6)01>%',)/%-,1/

31%&,440&6%-?)17$16)01%-$% 8,%/)51)B),1($%k(?$/6P\P-)&$%-?31$%',1):&$%101%&+,8)/6$>%101

$//$16),8)/6$m;% S$/% 106)01/% -?-7*.(% $6% -?-7-'*'-&"% /016% ,//0()+$/% \% 8,% 106)01% -?-2&"(>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%_^V%=)(9,$8,%R)/$&07,>%a%J',5$>%/3C$6>%40370)&;%F16&$6)$1%,7$(%=,&)$P#0/+%=01-I,)1%b%k,7&)8%!ZZ_m>%>(")$/O3-2%k&$73$%)16$&1,6)01,8$%+8$(6&01)23$m>%C,17)$&%!ZZV>%4;%X>%9664MooEEE;/$1/P43@8)(;0&5oJ=*o4-BoQ$1/G3@8)(ì=R)/$&07,ì$16&$6)$1=01-I,)1;4-B_^^%I,(7;%4;%`;VZZ%f1%/$%&+B:&$%,3%-)(6)011,)&$%*,BB)06;VZ]%f1%/$%&,440&6$%)()%,3[%-)BB+&$16$/%$16&+$/%-$%($%'e'$%-)(6)011,)&$;

Marcelo
Marcelo
Marcelo

!_!

A$17$1)/6$%8$/%)1/(&)6%-,1/%31%'e'$%4,&,-)5'$%h%($/%106)01/%(01/6&3)/$16%31$%4$1/+$

-3%8,15,5$%(0''$%)/..()'-&">%59&2*'-&"%M

S,%40+/)$%$/6%)-$16)B)(,6)01%-$%8,%',6):&$%8)153)/6)23$%%\%8,%/)51)B)(,6)01%-$/%'06/;%%%J8%B,36%23$%8$%/01%/355:&$%%03%)')6$%8$%/$1/>%',)/%8$%/$1/%4&)/%(0''$%%%/355$/6)01%+'06)7$%%%101%(0''$%/)51)B)+%8$[)(,8;%%%%S$%40:6$%1$%7$36%&)$1%103/%,44&$1-&$>%)8%1$%%%%%7$36%4,/%/3/()%+7$)88$&%$1%103/%-$/%)-+$/>%)8%7$36%%%%%,66$)1-&$%,7$(%-$/%'06/%')/%$1/$'@8$%8,%&+5)01%-$%%%%%%%103/%%23?31$%+'06)01%4$36%603(9$&;VZ!

S0&/23$% A$17$1)/6$% 4,&8$&,% -?(-2*)7(>% -?(-2*)5>% -?5-2*)*"'+# 23)% /016% 8$/

(01($46/%23?)8%B0&5$VZ"%403&%-+4,//$&%31$%(01($46)01%-3%8,15,5$%B01-+$%/3&%8$%/)51$>%)8

6&,-3)6% ($/% 6$&'$/% 101% 4,/% 4,&% a%&$4&+/$16,6)01%b>% ',)/% -$% ',1):&$% 6&:/% 4&+()/$% 4,&

a%+70(,6)01%b>% a%+7023+%b>% a%+7023,16%b;% F6% 80&/23?)8% 4,&8$% -?-2&"(>% 8$% 6$&'$

-?59&2*'-&"%k03%($83)%-$%)/..()'-&"m%,&&)7$16%4&$/23$%)''+-),6$'$16;%f1%70)6>%$6%01%,

-+C\%$3%8?0((,/)01%-$%8$%&$',&23$&%/,1/%$1(0&$%$1%B,)&$%8$%(0''$16,)&$%$[48)()6$%M%(?$/6

106,''$16% (9$I% 8$/% /H'@08)/6$/>% $6% 106,''$16% (9$I% =,88,&'+>% 23$% A$17$1)/6$% 7,

(9$&(9$&% 8$/% '0H$1/% -$% 8?+(&)63&$% -?31$% 40+6)23$% k-$% A,3-$8,)&$m;% i0)()% 23$823$/

$[$'48$/%23)%4$&'$66$16%-$%70)&%8,%',1):&$%-016%A$17$1)/6$%,//0()$%8?)-+$%-?-2&"(%k03

-?-7*.(m%\%($88$/%-?59&2*'-&">%-$%)/..()'-&"%kC$%/038)51$m%M%a%8?)',5$%$/6%8$%6&3(9$'$16

1+($//,)&$%-$%8?+'06)01>%$6%$1%6,16%23?$88$%$/6%/010&)6+>%8,%8,153$%-0)6%&$6&037$&%8$/%/01/

23)% 8n+7023$16;% S$% 8,15,5$% -3% 40:6$% /$&,% -01(>% \% 603/% 40)16/% -$% 73$>% 31% 8,15,5$

)(01)23$;%bVZX%h% a%S$% 4&0@8:'$% -$% 8,% 40+/)$>% (?$/6% -$% B,)&$% 4,//$&% 8$/% '06/>% -$% 8?+6,6

(01($463$8%-$%/)51$/>%\%8?+6,6%,(63$8%-?)(01$/;%kJ(01$/%6&:/%4,&6)(38)$&/>%(,&%)8/%+7023$16

8?0@C$6>%)8/%8?)1/6,88$16%-,1/%/,%4&+/$1($m%bVZY;

S?)(01$%&+,8)/$%8?)-$16)B)(,6)01%-3%8,15,5$%$6%-$%8,%&+,8)6+%(&++$%4,&%($%8,15,5$%h

-$% 10'@&$3/$/% B0&'38,6)01/% 7016% -,1/% ($% /$1/% kC$% ()6$% C3/6$% ,3P-$//3/% ($% 4,//,5$m%M

a%S,%40+/)$%$/6% )-$16)B)(,6)01%-$%8,%',6):&$%8)153)/6)23$%\% 8,%/)51)B)(,6)01%-$/%'06/;% J8

B,36%23$%8$%/01%/355:&$%03%)')6$%8$%/$1/>%',)/%8$%/$1/%4&)/%(0''$%/355$/6)01%+'06)7$

101% (0''$% /)51)B)+% 8$[)(,8%bVZ`;% K$66$% )-$16)B)(,6)01% -$% 8,% ',6):&$% 8)153)/6)23$% \% 8,

/)51)B)(,6)01% 1?$/6% 4,/% 8?)')6,6)01% -?31$% 1,63&$>% 8?)')6,6)01% -3% a%(&++%b%h% (?$/6

8?)17$16)01%-?31$%=&%7(`)(");%S?a%)-$16)B)(,6)01%b%-016%4,&8$%A$17$1)/6$%$/6%8,%2%5*'-&"%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%VZ!%8FGH1<FID1>%!!>%BrX%o%Br!X`;VZ"%D%8,%',1):&$%-$%Q,3//3&$;VZX%8FGH1<FID1>%`>%BrX%o%BrX;VZY%8FGH1<FID1>%!">%BrX%o%Br"!_;

Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
Marcelo
eveiller: despertar

!_"

-?31$% &+,8)6+% 1037$88$% $6% -?31$%',1):&$% -$% -)&$% 1037$88$>% /,1/% 23?01% 43)//$% /+4,&$&;

D)1/)% )8% 4$36% +(&)&$% 23$% ($66$% )-$16)B)(,6)01% B,)6% 23$% a%8$% /01% -$% 8?+70(,16% -$7)$16

s)')6,6)Bt%b>%($%23)%$/6%8,%(&)6)23$%-?31%(&,6H8)/'$;%J8%1?H%,%4,/%-$%/(9)I$%$16&$%($%23$%-)6

31% /3C$6% $6% 8,% ',1):&$% -016% )8% 8$% -)6>% -3% '0)1/% 80&/23$% 8$% 8,15,5$% $/6% 31% 3*".*.(

$&5'-4/(;%f1%4$1/$%$1(0&$%31$%B0)/%\%Q,3//3&$%23)%4,&8$%-$%$(")5(`)&">%01%4$1/$%,3[

4,&,5&,''$/;%K$%23?01%-0)6%&$-)&$>%(?$/6%23?-7-'(%%$6% -7*.(>%-016%01%,%&$',&23+%4,&

,)88$3&/% 8,% &$8,6)01% +6H'0805)23$>% /016% \% $16$1-&$% $1/$'@8$>% (0''$% 8?+(&)63&$% -$

A$17$1)/6$% 8$/% &,44&0(9$% $1% 8$/% )1/(&)7,16% -,1/% 31% 'e'$% 4,&,-)5'$;% J8% /?,5)6

-,7,16,5$% -$% 8,% (01/6&3(6)01% 4,&% 8$% -)/(03&/% -?31% %*$$&%'# ,(# 7&'-9*'-&"% 23$% -?31$

23$/6)01%-?+6H'0805)$%$6%-$%&,-)(,8%(0''31;%=e'$%/)%01%1$%8$/%6&037$%4,/%$1/$'@8$

-,1/%31$%'e'$%49&,/$>%8,%7,8$3&%-3%6$&'$%-7-'(%%$/6%/+',16)/+$%4,&%($88$%-?-7*.(>%$6

)17$&/$'$16#%M

K?$/6%4,&%/3)6$%-$%8?)-$16)B)(,6)01%-$%%%8?+70(,16%%%%%%%%%%%%%%%%%%%4&0B01-$8?+7023,16%%\%8,%1,63&$%%%-$%8?0@C$6%%23$

8$%/01%-$%8?+70(,16%%-$7)$16%a%)')6,6)B%b;VZ_

K$%23)% (9,15$% )()>%4,&% &,440&6% \%31% 6&,-)6)011$8% (&,6H8)/'$VZV>% (?$/6% 8,%48,($%-3

/3C$6;% S?)')6,6)01% 1?$/6% 4,/% -,1/% 8$/% (90/$/% $88$/P'e'$/>% $88$% $/6% 4&0-3)6$% -,1/% 8$

8,15,5$% $6% (01/)/6$% $1% 31$% (&+,6)01% -$% &+,8)6+;% S$% /3C$6% -$7)$16% 8?04+&,6$3&% $6% 8$

4&0-3(6$3&% -$% 8?-,("'-=-2*'-&"% -$% 8?+70(,16% \% 8?+7023+>% ,80&/% 23$% -,1/% 8$% &+,8)/'$>% 8$

/3C$6%1$%4$36%e6&$%23$%(016$'48,6)B%-?31%&,440&6% &+,8)/+%$16&$% 8$% 8,15,5$%$6% 8$%'01-$;

f1%&$',&23$%23?)()%A$17$1)/6$%)1/)/6$%/3&%8$%B,)6%23$%($66$%)-$16)B)(,6)01%-$%8,%',6):&$

8)153)/6)23$%\%8,%/)51)B)(,6)01>%1?$/6%4,/%-011+$>%',)/%(&++$%k01%/038)51$m%M%a%K?$/6%4,&

/3)6$%-$% 8?)-$16)B)(,6)01%-$% 8?+7023,16%x8?+70(,16y%\% 8,%1,63&$%x4&0B01-$y% %-$% 8?0@C$6

23$%8$%/01%-$%8?+70(,16%%-$7)$16%a%)')6,6)B%b;VZ^

S$/% 6$&'$/%-?%a%+70(,16%b>% -?%a%+70(,6)01%b%�%-0)7$16% ,3//)% 103/% )1-)23$&% 23$

403&%A$17$1)/6$%8$%40:'$%$/6%-,1/%8,%9&-N>%23$%8$%(0&4/%$/6%-,1/%8$%40:'$;%U1%(0&4/P

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%VZ`%8FGH1<FID1>%!!>%BrX%o%Br!X`;VZ_%8FGH1<FID1>%!!>%Br"V%o%Br!VZ;VZV%i0)&%\%($%/3C$6%8?)'40&6,16$%)16&0-3(6)01%-?<$1&)%=$/(9011)(%ka%S,%1,63&$%-,1/%8,%70)[%bm%,3H-2'-&""*-%(#%*-)&""5#,()#&"&7*'&$5()#=%*"E*-)()%k]V!Vm%-$%K9,&8$/%l0-)$&>%+-)6)01/%O&,1/PF3&04PL$4&$//>%=,37$I)1>%]^VX;VZ^%8FGH1<FID1>%!!>%Br"V%o%Br!VZ;

Marcelo
Marcelo

!_X

8,15,5$;% K$66$% )1/(&)46)01% -3% (0&4/% -,1/% 8$% 8,15,5$V]Z>% 01% 8,% &$',&23$% 106,''$16

80&/23$%A$17$1)/6$%+(&)6M%a%O036$%8,%40+/)$%8H&)23$%4&0(:-$%-3%(0&4/%-3%40:6$;%K$%/016

/$/%)'4&$//)01/%'3/(38,)&$/>%6,(6)8$/>%08B,(6)7$/%23)%(01/6)63$16%8$%10H,3%$6%8$%($16&$%-$

10H,3%7)7,16%-$%/,%40+/)$%bV]];m%.,1/%31%-$/%',13/(&)6/>%)8%4&040/$%+5,8$'$16%-$%4,&8$&

-$%a%70(,@8$%b%,3%8)$3%-$%a%/)51$%b%k(0''$%)8%4&040/$%-$%4$1/$&%8$%3*".*.(#$&5'-4/(%,3

8)$3%-3%a%8,15,5$%0&-)1,)&$%bm%M%a%.$%8,%8,153$%0&-)1,)&$%\%8,%8,153$%40+6)23$%)8%H%,%($66$

-)/6,1($>% )''$1/$%M% 8$/% /)51$/% 8)153)/6)23$/% (0''31/% \% 603/% -$7)$11$16% )16+&)0&)/+/>

-$/% 70(,@8$/% /,1/% 4,&$)8/>% -$/% -+10')1,6)01/% &$(&+,16$/;%bV]!;% S$/% /)51$/% -$7)$11$16

-$/%9&2*O3();%f1%1$%4$36%4,/%1$%4,/%4$1/$&%\%=,88,&'+>%$6%A$17$1)/6$%()6$%-?,)88$3&/

($66$%49&,/$%-$%B%-)(#,(#9(%)>%a%8$%7$&/%23)>%-$%483/)$3&/%70(,@8$/>%&$B,)6%31%'06%606,8>

1$3B>% +6&,15$&% \% 8,% 8,153$>% $6% (0''$% )1(,16,60)&$>% ,(9:7$% ($6% )/08$'$16% -$% 8,

4,&08$%bV]";

S$% 6$&'$% -?a%+70(,6)01%b% +6,)6% -+C\% 7)/)@8$% -,1/% 8$/%K%&O3;7()# ,(# 3-"./-)'-4/(

.5"5%*3(>% 106,''$16% -,1/% 8?,&6)(8$% a%K034% -?v)8% /3&% 8$% -+7$8044$'$16% -$% 8,

8)153)/6)23$%b%k]^`"m>%0g%A$17$1)/6$%+(&)6%M

=,)/%8$%8,15,5$%$/6%31%,44,&$)8%/H'@08)23$%4,&6)(38)$&>%0&5,1)/+%/3&%-$3[%48,1/;%.?31$4,&6% )8% $/6% 31% B,)6% 49H/)23$%M% )8% $'4&316$% 8$% 6&3(9$'$16% -$% 8?,44,&$)8% 70(,8% 403&% /$4&0-3)&$>% -$% 8?,44,&$)8% ,3-)6)B% 403&% e6&$% 4$&T3;% Q03/% ($6% ,/4$(6% ',6+&)$8% )8% /$% 4&e6$% \8?0@/$&7,6)01>% \% 8,% -$/(&)46)01% $6% \% 8?$1&$5)/6&$'$16;% .?,36&$% 4,&6% )8% $/6% /6&3(63&$)'',6+&)$88$>%(0''31)(,6)01%-$%/)51)B)+/>%&$'48,T,16%8$/%+7+1$'$16/%$6%8$/%$[4+&)$1($/4,&% 8$3&% a%+70(,6)01%b;%O$8% $/6% 8$% 8,15,5$>% 31$% $16)6+% \% -03@8$% B,($;%K?$/6% 403&230)% 8$/H'@08$%8)153)/6)23$%$/6%'+-),6)/,16;%J8%0&5,1)/$%8,%4$1/+$%$6%)8%/$%&+,8)/$%$1%31$%B0&'$/4+()B)23$>% )8% &$1-% 8?$[4+&)$1($% )16+&)$3&$% -?31% /3C$6% ,(($//)@8$% \% 31% ,36&$% -,1/% 31$$[4&$//)01%,&6)(38+$%$6% &$4&+/$16,6)7$>% $6%101%4,&%31% /)51,8% 6$8%23?31%(&)%'0-38+%h% )8% /$&+,8)/$% -,1/% 31$% 8,153$% -+6$&')1+$>% 4&04&$% \% 31$% /0()+6+% -)/6)1(6$>% 101% -,1/% 31$+')//)01%70(,8$%(0''31$%\%8?$/4:($%$16):&$;V]X

S$% 6$&'$% -?% a%+70(,6)01%b% 4037,)6% 4,//$&% )1,4$&T3%'e'$% /)% -$/% 53)88$'$6/% 8$

/038)51$16;% J8% $/6% @)$1% 23$/6)01% -$% 8,% 70)[>% -?31$% &+B8$[)01% \% 4&040/% -3% (0&4/>% -$

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V]Z%f1%4$1/$%\%Q,3//3&$%23)%4,&8$%-?%a%)',5$%'3/(38,)&$%b>%(?$/6P\P-)&$%-?31%(0&4/%-,1/%8$%8,15,5$>%31(0&4/%23)%1?$/6%,80&/%483/%31$%49H/)23$%43&$%M%a%.,1/%8$%($16&$%,//0(),6)B>%43&$'$16%4/H(9)23$>%/016%')/$1%(016,(6%31%2&"2($'#9(%@,8%$6%31$%-7*.(#9(%O*3(;%o%J8%B,3-&,)6%/,1/%-036$%@)$1%-?,36&$/%)16$&'+-),)&$/%M)',5$%'3/(38,)&$%4,&%$[$'48$%,7,16%8,%4901,6)01%b;%R$&-)1,1-%-$%Q,3//3&$>%R%&-)-;7(#2&/%)#,(3-"./-)'-4/(#.5"5%*3(#bLaLW`LaLL_#,A*$%;)#3()#2*:-(%)#,A17-3(#B&")'*"'-">%$-)6$-%,1-%6&,1/8,6$-%@HF)/3d$%}0',6/3%,1-%L0H%<,&&)/>%S,153,5$%,1-%K0''31)(,6)01%S)@&,&H>%i083'$%]!>%G$&5,'01%G&$//>f[B0&-%É%l$EPÑ0&d%É%Q$038%É%O0dH0>%]^^">%4;`_P`V;V]]%8FGH1<FID1>%`>%BrX%o%BrX;V]!%8FGH1<FID1>%!">%BrV%o%Br""];V]"%Q6+49,1$%=,88,&'+>%B%-)(#,(#9(%)%k]V^Ym>%)1%I.-'/%+#H-9*.*'-&")+#G"#2&/$#,(#,5)>%*,88)',&-a%G0+/)$%b>%G,&)/>%!ZZ">%4;%!`Z;%K)6+%4,&%A$17$1)/6$>%8FGH1<FID1>%!!>%Br]X%o%Br!Y`;V]X%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%-"#K%&O3;7()#,(3-"./-)'-4/(#.5"5%*3(>%4;%!V;

Marcelo

!_Y

-)BB+&$1()$&%($66$%a%+70(,6)01%b%-?31$%a%+')//)01%70(,8$%(0''31$%\%8?$/4:($%$16):&$%b;

19&4/(%%1?$/6%4,/%/$38$'$16%a%B,)&$%,883/)01%b;%F6% )8%1$%/?,5)6%4,/%-?31%/)'48$% C$3%-$

8,15,5$>%(?$/6%31%6&,7,)8%-?+(&)63&$>%31%6&,7,)8%-$%8,%4$1/+$>%(0''$%80&/23$%=,88,&'+

4,&8$% -?+70(,6)01% $6% 23?)8% $/6% 23$/6)01% \% 8,% B0)/% -$% 8,% 70)[% $6% -$% a%/355$/6)01%b;%U1$

+(036$% ,66$16)7$% &$',&23$&,% ,3//)% 23$% ($% 6$&'$% ,44,&,{6% $1% &$8,6)01% ,7$(% ($83)% -$

a%/H'@08$%b>% 23)% B,)6% 8$% (v3&% -$% 8,% &+B8$[)01% -$% 8?,&6)(8$%h% 01% $/6% ,80&/% 4&0(9$% -$

8?31)7$&/% /H'@08)/6$>% -$% 8?59&2*'-&">% -$/% 9&2*O3()% (9$I%=,88,&'+;%K&)6)23$% -$% 8?)-+$

6&,-)6)011$88$% /$801% 8,23$88$% 8,% 70)[% /$&,)6% 43&$% 49H/)23$>% 03% /)'48$% '+-)3'% -$% 8,

4,&08$>% A$17$1)/6$% B,)6% -$% 8,% 70)[% 23$823$% (90/$% 23?01% 1$% 4$36% 4,/% /03/6&,)&$% ,3

8,15,5$%É%23,1-%@)$1%'e'$%01%4&+6$1-&,)6%-+(&)&$%03%$1&$5)/6&$&%31$%6$88$%-011+$%É%(,&

8,%70)[% $/6% -,1/% 8$% 8,15,5$>% (?$/6P\P-)&$% -,1/% 8,% /)51)B),1($%h% $88$% $/6% /3C$6>% /0()+6+% $6

9)/60)&$V]Y;%.,1/%a%l,63&$%-3%/)51$%8)153)/6)23$%b>%01%403&&,%&$8)&$%-$%'e'$>%,7$(%31$

,66$16)01% &$1037$8+$>% ($66$% 49&,/$%0g% A$17$1)/6$% 4,&8$% -$% 8?)',5$% ,(03/6)23$% $6% -3

(01($46%(0''$% /?+7023,16% '363$88$'$16% h% )8% +(&)6%M% a%F1/$'@8$% 8$/% -$3[% 016% +6+

)'4&)'+/%-,1/%'01%$/4&)6%h%$1/$'@8$%)8/%/?+7023$16%$1%6036$%()&(01/6,1($%b;V]`

.,1/%8$/%',13/(&)6/%\%4&040/%-3%8,15,5$%40+6)23$>%8$%6$&'$%-?59&2*'-&"%$/6%8)+%\

($3[%-$%)/..()'-&">%-$%9-%'/*3-'5MLf�>%23)%&,44$88$16%$1(0&$%31$%B0)/%=,88,&'+%h%($83)P

()% /$'@8$%e6&$%31% )'40&6,16%4,H/,5$%-$% &+B+&$1($%403&%A$17$1)/6$;%=,88,&'+%$/6%4,&

,)88$3&/% ,36&$'$16%4&+/$16%-,1/% /,% &+B8$[)01% \%4&040/%-3% 8,15,5$%40+6)23$%M% 403&% 83)>

4,&%&,440&6%\%A,3-$8,)&$>%=,88,&'+%$/6%31%'0'$16%-)BB+&$16%-$%8?9)/60)&$%k)17$16)01m%-3

8,15,5$% 40+6)23$;% D3//)% -+B)1)6P)8% 8$% 6&,7,)8% -$% =,88,&'+% 4,&% &,440&6% \% ($83)% -$

A,3-$8,)&$% -$% ',1):&$% (016&,/6)7$>% B,)/,16% ,44,&,{6&$% 4,&% ($66$% (0'4,&,)/01% -$/

&$4&+/$16,6)01/%-3%8,15,5$%-)BB+&$16$/>% 6036$% 8,% B0&($%-$%A,3-$8,)&$%$6%-$%=,88,&'+%É

-)/6)1(6)7$'$16% É% -?,70)&% &+)17$16+% \% -$/%'0'$16/% -)BB+&$16/% 31% &,440&6% ,3% 8,15,5$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V]Y%Q,3//3&$%-+C\% B,)/,)6% 8,% (&)6)23$%-$% 8,% &+-3(6)01%-$% 8,%70)[%$1%31%49+10':1$%0@C$(6)7,@8$% 80&/23?)84,&8,)6%-$%$(")5(`)&">%03%-3%$:5"&7;"(#9&2*3#B!SS1#>Imc1%M%a%S$%-3,8)/'$%4&0B01-%23)%4,&6,5$%8$8,15,5$% 1$% &+/)-$% 4,/% -,1/% 8$% -3,8)/'$% -3% /01% $6% -$% 8?)-+$>% -3% 49+10':1$% 70(,8% $6% -3% 49+10':1$'$16,8%h% (?$/6% 8\% 8,% B,T01% B,()8$% $6% 4$&1)()$3/$% -$% 8$% (01($70)&;%K$%-3,8)/'$% &+/)-$% -,1/% 8,% -3,8)6+% -349+10':1$%70(,8%Kf==F%OFS>%$6%-3%49+10':1$%70(,8%Kf==F%QJ*lF%É%-3%B,)6%49H/)23$%k0@C$(6)Bm$6% -3% B,)6% 49H/)(0P'$16,8% k/3@C$(6)Bm>% 1388$'$16% -3% B,)6% a%49H/)23$%b% -3% /01% 4,&% 0440/)6)01% ,3% B,)6a%'$16,8%b%-$%8,%/)51)B)(,6)01;%J8%H%,%31%4&$')$&%-0',)1$>%)16+&)$3&>%4/H(9)23$>%0g%$[)/6$%8$%/)51$%,36,1623$%8,%/)51)B)(,6)01>%8?31%)1-)//083@8$'$16%8)+%\%8?,36&$%h% )8%H%$1%,%31%/$(01->%$[6+&)$3&%0g%1?$[)/6$%483/23$%8$%a%/)51$%b>%',)/%\%($6%)1/6,16%8$%/)51$%&+-3)6%\%31$%/3(($//)01%-?01-$/%/010&$/%1$%'+&)6$%403&%103/23$%8$%10'%-$%B)53&$%70(,8$%b>%R$&-)1,1-%-$%Q,3//3&$>%a%.$%8?$//$1($%-03@8$%-3%8,15,5$%b%kB01-%AGU]^^`m>%)1%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%!ZZ!>%4;%!ZP!];V]`%F')8$%A$17$1)/6$>%a%l,63&$%-3%/)51$%8)153)/6)23$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;V]_%K?$/6%31%9,4,[%M%a%8$/%'06/%&$6$13/%403&%($66$%)16+&)0&)/,6)01%/016%8$/%483/%8,&5$/%>%8$/%'0)1/a%&,&$/%b>8$/%483/%(9,&5+/%-$%7)&63,8)6+/%b>%8FGH1<FID1>%!">%BrV%o%Br""];

!_`

G03&%'+'0)&$>%01%&,44$88$&,%($%4,//,5$%6&:/%(+8:@&$%-$%8?$123e6$%-$%#38$/%<3&$6%a%Q3&

8?+70836)01% 8)66+&,)&$%b% $1% ]V^]% 403&%<A12:&# ,(# K*%-)>% 0g%=,88,&'+% /?0440/$% \% 31$

4&,6)23$% &+,8)/6$% -3% 8,15,5$% $6% 4&+B:&$% 4$1/$&% 31% 40:'$% /3@C$(6)7,16>% (0''$

)/..()'-&";

%%u%Y&-3g#$&/%#3*#=&%7(+#,-)`@(#g#S0#S*33*%750#1'#3(#=&",#ä%%u% #$% (&0)/>%7(# %5$&",-'`-3>% 23$>% 23,16% ,3% B01->% 8$/% C$31$/% /016% 483/% 4&:/% -$% 8?)-+,840+6)23$% 23$% 8$/% G,&1,//)$1/% 23)% 6&,)6$16% $1(0&$% 8$3&/% /3C$6/% \% 8,% B,T01% -$/% 7)$3[49)80/049$/% $6% -$/% 7)$3[% &9+6$3&/>% $1% 4&+/$16,16% 8$/% 0@C$6/% -)&$(6$'$16;% #$% 4$1/$% 23?)8B,36>% ,3% (016&,)&$>% 23?)8% 1?H% ,)6% 23?,883/)01;% S,% (016$'48,6)01% -$/% 0@C$6/>% 8?)',5$/?$1708,16%-$/%&e7$&)$/%/3/()6+$/%4,&%$3[>%/016%8$%(9,16%M%8$/%G,&1,//)$1/>%$3[>%4&$11$16%8,(90/$% $16):&$'$16% $6% 8,% '016&$16%M% 4,&% 8\>% )8/% ',123$16% -$% 'H/6:&$%h% )8/% &$6)&$16% ,3[$/4&)6/%($66$%C0)$%-+8)()$3/$%-$%(&0)&$%23?)8/%(&+$16;%c&77(%%31%0@C$6>%(?$/6%/344&)'$&%8$/6&0)/%23,&6/%-$% 8,% C03)//,1($%-3%40à'$%23)%$/6% B,)6$%-$%-$7)1$&%4$3%\%4$3%M% 8$%)/..5%(%70)8\% 8$% &e7$;%K?$/6% 8$% 4,&B,)6% 3/,5$% -$% ($%'H/6:&$% 23)% (01/6)63$% 8$% /H'@08$%M% +7023$&4$6)6%\%4$6)6%31%0@C$6%403&%'016&$&%31%+6,6%-?|'$>%03>%)17$&/$'$16>%(90)/)&%31%0@C$6%$6%$1-+5,5$&%31%+6,6%-?|'$>%4,&%31$%/+&)$%-$%-+(9)BB&$'$16/;V]V

K9$I%A$17$1)/6$%8?31)7$&/%B)1)%-3%10''$&>%-3%/$1/>%-3%/)51$>%B,)6%48,($%\%8?)1B)1)

-3%40:'$>%\%8,%/)51)B),1($>%,3%4$3%\%4$3%-+70)8+%M%,3%/3C$6%/?)17$16,16%4,&%8$%40:'$%$1

)17$16,16% 8$%40:'$;%a%G$3%\%4$3%b>%A$17$1)/6$%8?+(&)6%,3//)>%$6%(?$/6%31$% 69+0&)$%-$% 8,

8$(63&$>%31$%4$1/+$%-$%8?9)/60&)()6+;%K?$/6%31%a%4$3%\%4$3%b%23)%1?,%4,/%-$%6$&'$>%(?$/6

31%4&0(:/>%31$%,(6)7)6+%M

S,%&+B+&$1($%40+6)23$%$/6%)16+&)$3&$%\%8?$[4&$//)01$6%&+7+8+$%4$3%\%4$3%4,&%($66$%$[4&$//)01%23)%8,%(&+$;%K,&%%%%%%%%%%%%%%%%%%%%%%%%%%%$1%40+/)$%%%%%%%%%%%%%%%%+'06)011$88$%$6%4$&/011$88$8,%&+B+&$1($%%%$/6%%31$%%$[4+&)$1($%%%$1%40+/)$>%%%,3%8)$323?$1%8,15,5$%0&-)1,)&$%$88$%$/6%8?0@C$6%90&/%-3%8,15,5$%%23$%8$%8,15,5$%'0-:8$%$6%23)%$/6%$1%'e'$%40/+%%%%(0''$%0@C$(6)B>%,44&0[)'+%4,&%8$%8,15,5$;%S,%&+B+&$1($-3%8,15,5$%0&-)1,)&$%$/6%-$%1,63&$%0@C$(6)7$%É%(01($463$88$;S,%&+B+&$1($%-$%8,%40+/)$%/3@C$(6)7$%É%+'06)011$88$;%V]^

S$%40:'$%1?,%4,/%-$%B)1>%)8%$/6%603C03&/%a%4$3%\%4$3%b%$1%6&,)1%-$%/$%-+70)8$&;%S,

4$1/+$%-3%40:'$%(9$I%A$17$1)/6$>%(0''$%(9$I%=,88,&'+>%)'48)23$%31$%,7$163&$%-3

/3C$6%h% a%8,% &+B+&$1($% -$% 8,% 40+/)$% /3@C$(6)7$% É% +'06)011$88$%b;% K$()% /$% -)/6)153$% -3

8,15,5$%0&-)1,)&$>%a%-$%1,63&$%0@C$(6)7$%É%(01($463$88$%b>%-?31$%4$1/+$%-3%8,15,5$%0g

8?)1-)7)-3% -)/4,&,{6%M% 8$% 8,15,5$% 0&-)1,)&$>% &+B+&$16)$8>% +6,16% a%(0''31%b% É% 23,1-% ,3

(016&,)&$% 8$% 8,15,5$% 40+6)23$% 1?$/6% 23$% $%&$%(;% A$17$1)/6$% 4,&8$% ,)1/)% -$% a%s'06%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V]V%Q6+49,1$%=,88,&'+>%L+401/$%\%8?$123e6$%-$%#38$/%<3&$6%a%Q3&%8?+70836)01%8)66+&,)&$%b%k]V^]m>%)1I.-'/%+#H-9*.*'-&")+#G"#2&/$#,(#,5)>%*,88)',&-%a%G0+/)$%b>%G,&)/>%!ZZ">%4;%XZYPXZ`;

!__

4&04&$t%bV!Z>% 03% $1(0&$% É% 103/% 8?,701/% 73% É>% -$% a%70(,@8$/% /,1/% 4,&$)8/%bV!]>% -$

a%-+10')1,6)01/%&$(&+,16$/%bV!!>%($%23$%103/%-$701/%'$66&$%$1%8)$1%,7$(%8,%&+B+&$1($%,3

6&,7,)8% -$% *$&,&-%=,18$H%<04d)1/>% \% /01% (01($46% -?-")2*$(MPV>% ,3% 10')1,8)/'$% 23)

,BB8$3&$% -,1/% 8?+(&)63&$% -$% A$17$1)/6$% k4,&% $[$'48$>% ($66$% 49&,/$>% a%S$% 8,15,5$

40+6)23$%7$36%-?,@0&-%-)&$%-$/%e6&$/>%8$/%10''$&%-,1/%8$3&%/)1538,&)6+%o%8$/%4&+/$16$&%$6

8$/%B,)&$%/$16)&%(0''$%31)23$/%bV!Xm;

K?$/6% ,)1/)% 23$% A$17$1)/6$% 4,&8$% -?-2&"(% (0''$% 31)6+% -3% 8,15,5$% 40+6)23$%h

8?-2&"(% $/6%31)23$%$6%+'06)011$8>% 80&/23$% 8$%)-."(# 3-"./-)'-4/(% $/6%(0''31%\% 603/%% $6

(01($463$8%M

S$%/)51$%8)153)/6)23$%$/6%(01($463$8%h%8?%a%)(01$%b%40+6)23$$/6%(9,23$%B0)/%31)23$;

S$%40:6$%%(&+$%%8,%&+,8)6+%)1-)7)-3$88$>%)1/6,16,1+$-016%)8%4,&8$%>%,80&/%23$%%8,%8,153$%%0&-)1,)&$%4&+/$16$%31$%/$38$%%$6%%(01/6,16$%%(,6+50&)/,6)01%-3%'01-$>%8,%'e'$%403&%603/;V!Y

S?)(01$% 40+6)23$% $/6% (9,23$% B0)/% 31)23$>% 4,&($% 23?)8% &+/386$% -?,//$'@8,5$/

1037$,3[;%f1%70)6% )()% 8?)'40&6,16$%&+B+&$1($%,3%/3&&+,8)/'$>%(0''$%01% 8?,%&$',&23+

483/% 9,36;% Q,1/% -036$% /,% 4$1/+$% -$% 8?)',5$% $1% $/6% 8,&5$'$16% )1/4)&+$;% =,)/% )8% '$

/$'@8$%-?,@0&-%23$%($66$%4$1/+$%-$%8?)',5$%-0)6%e6&$%(0'4&)/$%\%4,&6)&%-$%A,3-$8,)&$>%\

4,&6)&%-?31$%40+6)23$%-$%A,3-$8,)&$;%J8%H%,%-,1/%8?)-+$%-?)',5$>%$1(0&$%31$%B0)/%8?)-+$

-3%,&/O3(>% -3% %(=3('>% -3%7-%&-%>% -3% 2&77(>% /)% )'40&6,16/% (9$I%A,3-$8,)&$;% S$% 6$&'$

'e'$% -?-7*.(% $/6% 4&+/$16% (9$I% A,3-$8,)&$;% U1$% 106$% -$% A$17$1)/6$% &$6)$16

4,&6)(38):&$'$16%106&$%,66$16)01%M

#$%(&0)/%,4$&($70)&%31%,/4$(6%-+()/)B%B01-,'$16,8%-$%8,%/6&3(63&$1111111111111111111111111111111111111111111111111111111111111111111$1%40+/)$

8)153)/6)23$%-3%-)/(03&/%40+6)23$;%S$%&+B+&+%%1?$/6%4,/%8$%'01-$%-$/(90/$/>%%(?$/6%8$%'01-$%)16+&)$3&%-3%40:6$>%03%/)%8?01%7$36>%(?$/68$%'01-$%-$/%(90/$/%&+B&,(6+%-,1/%8,%(01/()$1($%-3%40:6$%>%(?$/6P\%-)&$%31$%$[4+&)$1($V!`

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V]^%8FGH1<FID1>%]V>%Br]Z%o%Br]V";V!Z%8FGH1<FID1>%!!>%BrY^%o%Br"]];V!]%8FGH1<FID1>%!">%BrV%o%Br""];V!!%I,(7;V!"%70)&%483/%9,36%4;%]VV;V!X%8FGH1<FID1>%]^>%BrY%o%Br]^]%;V!Y%8FGH1<FID1>%!!>%Br"Z%o%Br!V!;V!`%8FGH1<FID1>%]!>%Br]%o%BrY";

!_V

f1% &$6&037$%31%4$3% )()% ($%23$% C$%-)/,)/%483/%9,36%-$% 8?)(w1$>% ,3% /$1/%-? 9%h

23?$88$%1?$/6%4,/%8,%(04)$%-$%8,%(90/$>%',)/%31%&,440&6%-$%/3@C$(6)7,6)01>%31$%%5=%*2'-&">

8,% (01/6&3(6)01% -?31% &$5,&->% 23$% A$17$1)/6$% ,44$88$% ,3//)% )()% (N$5%-("2(>% ($66$

$[4+&)$1($% +6,16% 8,% a%&+B+&$1($%b% -3% 8,15,5$% 40+6)23$;% S$% %5=5%5% $1% 40+/)$% $/6% 31

%5=%*2'5;%f1%/$%/037)$16%23?31$%-$/%7,8$3&/%-3%6$&'$% 9V!_%+6,)6%8?a%)',5$%&+B8+(9)$

-,1/%31%')&0)&%b>%($%23)%&,44$88$%8?31)7$&/%@,3-$8,)&)$1;

D)88$3&/>%A$17$1)/6$%4,&8$%-$%1037$,3%-$%%5=%*2'-&">%(0''$%-?31$%'%*")$&)-'-&"

-7*.-"*'-9(%M

S,%&+B+&$1($%k%q%8,%&+,8)6+%23)%-011$%,3%8,15,5$%23,8)6+-$%/)51)B)$&m%$/6%$1%$BB$6%1+($//,)&$'$16%8?+'06)01%03%$15+1+&,8$%8?$[4+&)$1($%7+(3$%4,&%8$%40:6$>%8,%&+B&,(6)01$1%83)%-$/%()&(01/6,1($/>%-$/%0@C$6/%03%-$%/$/%4&04&$/4$1/+$/;

J8%1?H%,%4,/%$1%40+/)$%-$%(01($46>%-?)-+$%\(0''31)23$&>%-$%C35$'$16%\%B,)&$%4,&6,5$&;K?$/6%31%6H4$%-?+101(),6)01%(0'48:6$'$16%-)BB+&$16;J8%(01/)/6$%$1%31$%+'06)01%7$&@,8)/+$>%$1%7$&63-?31$%6&,1/40/)6)01%)',5)1,6)7$V!V;

f1%4$36%-$%1037$,3%4$1/$&%\%8?)(w1$%&$8)5)$3/$%$6%106,''$16%\%($%23?01%,44$88$

8,% a%4$&/4$(6)7$% &$17$&/+$%b% ka%&$17$&/+$%b>% 4,&% &,440&6% \% 8,% 4$&/4$(6)7$% 8)1+,)&$>

)1/6)63+$%483/% 6,&-%(0''$%',1):&$%-$%70)&m;%i0)()%($%23?+(&)6% #$,1%G,&)/%\%4&040/%-$

($66$% a%4$&/4$(6)7$% &$17$&/+$%b% 23)% '$6% $1% /(:1$% 8$% &$5,&-% -$% ($83)% 23)% 0@/$&7$>% 31

&$5,&-%&$1-3%4,&%31%,36&$%&$5,&-%k103/%/0''$/%73/%23)%70H01/m%M

J8%/$&,)6%(3&)$3[%23?31$%(3863&$%23)%6$1,)6%8,%(016$'48,6)01%403&%8,%483/%43&$%,(6)7)6+%-$8?90''$%,)6%'+(0113%8,%4&0B01-$3&;%Q)'48$'$16%($66$%4&0B01-$3&>%(?$/6%$1%103/%23$%8,(&$3/$%($%.)$3%-016%8$%&$5,&-%103/%/(&36$>%103/%4+1:6&$;%F88$%/?$[4&)'$&,%4)(63&,8$'$164,&%($%23?01%,%10''+%a%4$&/4$(6)7$%&$17$&/+$%b%03%a%1+5,6)7$%b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|'$%$88$%6&037$%/01%40)16%-$%B3)6$V!^

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V!_%D1,608$%A,)88H+#H-2'-&""*-%(#m%(2#T%*"E*-)>%F-)6)01%&$73$%$6%(0&&)5+$%4,&%S;%Q+(9,1%$6%G;%K9,16&,)1$>S)@&,)&)$%<,(9$66$>%G,&)/>%]^YZ%k]$%+-)6)01%]V^Xm>%4;%YVV;V!V%8FGH1<FID1>%!Z>%BrY%o%Br^^;V!^%#$,1%G,&)/>%a%S?0&%-$%AHI,1($%b>%)1%1)$%-'>%',&/%]^`X>%4;X!ZPX!];

!_^

S?)(01$%23$%-+B)1)6%A$17$1)/6$>%/?)8%$/6%31%'0-$%-$%70)&>%$/6%-,7,16,5$%4&0(9$%-$

8?)(w1$% &$8)5)$3/$% 23$% -$% 8?)(01$>% (01($46% ',C$3&% (9$I% G$)&($>% ,323$8% 01% -0)6

+7)-$''$16%4$1/$&;%S,%5&,49)$%4,&6)(38):&$%-3% 6$&'$%-?-2&"(%4,&%A$17$1)/6$%4037,)6

$1%$BB$6%103/%(01-3)&$%\%4$1/$&%31%-),8053$%,7$(%G$)&($>%8$%6$&'$%,158,)/%-2&"%-$7$1,16

$1% B&,1T,)/% -2&"(% /,1/% ,(($16>% 80&/23$% 8?)(w1$% &$8)5)$3/$% 40&6$% 03% 101% 8?,(($16;%=,)/

103/%,8801/%70)&%23$%/)%($66$%4)/6$%$/6%@)$1%/c&%\%/3)7&$>%$88$%1$%403&&,%4,/%,88$&%-,1/%8$

/$1/%-$%G$)&($%h%23$%/)%A$17$1)/6$%4,&8$%-?-2&"(%-,1/%31%&,440&6%\%83)>%($%1$%403&&,%e6&$

23$%-$%',1):&$%6&:/%(&)6)23$;

f1%/,)6%23$%A$17$1)/6$%(&)6)23$%(9$I%G$)&($%8?,@/$1($%-$%69+0&)$%-3%8,15,5$%$6%-$

4$1/+$% -3% /H/6:'$>% /,% 4&+6$16)01% -$% (01/6&3)&$% 31$% a%,85:@&$% 31)7$&/$88$% -$/

&$8,6)01/%bV"Z>% 40/)6)01% 101% &$($7,@8$% 403&% 31$% 8)153)/6)23$% 23)% 8366$% (016&$% 8?0&53$)8

31)7$&/,8)/6$%$6%23)%(9$&(9$%-,7,16,5$%\%-+(037&)&% 8$%40)16%-$%73$%$6% 8?9)/60)&$;%f1%/$

/037)$16% 23?)8% 0440/$% G$)&($% \% /01% (016$'40&,)1% Q,3//3&$;% A$17$1)/6$% -)6% -$

G$)&($%-,1/%a%Q+')0805)$%-$%8,%8,153$%b%M

F1%($%23)%(01($&1$%8,%8,153$>%G$)&($%1$%B0&'38$%&)$1%-$%4&+()/%1)%-$%/4+()B)23$;%G03&%83)8,% 8,153$%$/6%4,&6036%$6%1388$%4,&6;% J8%1$%/?$/6% C,',)/% )16+&$//+%,3% B01(6)011$'$16%-$% 8,8,153$>%/)%'e'$%)8%H%,%4&e6+%,66$16)01;%S,%8,153$%/$%&+-3)6%403&%83)%,3[%'06/>%$6%($3[P()/016%@)$1%-$/%/)51$/>%',)/%)8/%1$%&$8:7$16%4,/%-?31$%(,6+50&)$%-)/6)1(6$%03%'e'$%-?31$$/4:($% (01/6,16$;% S$/%'06/% ,44,&6)$11$16>% 403&% 8,% 4834,&6% ,3[% a%/H'@08$/%b%h% ($&6,)1//016%-$/%a%)1-$[%b>%4,&%$[$'48$%8$/%4&010'/%-+'01/6&,6)B/>%$6%\%($%6)6&$%)8/%/$&016%(8,//+/,7$(%8$/%5$/6$/%(0&&$/401-,16/>%4,&%$[$'48$%8$%5$/6$%-$%40)16$&;V"]

f1% ,% 106+% 483/% 9,36% 23$% G$)&($% 1$% &,15$% 4,/% 8$/% /)51$/% -$% 8,% 8,153$% -,1/% 8,

(,6+50&)$%-$/%a%)(01$/%b>%',)/%/$801% 8$%(,/%4,&')% 8$/%a%)1-)($/%b%03% 8$/%a%/H'@08$/%b;

=,)/%403&/3)701/%h%,4&:/%,70)&%4,&8+%-?31$%,36&$%-)/6)1(6)01%-$%G$)&($%$1%a%23,8)/)51%b>

a%/)1/)51%b>%$6%a%8$5)/)51%b>%A$17$1)/6$%,C036$%M

f1%1$%70)6%-01(%4,/%23$88$%/$&,)6% 8?36)8)6+%04+&,6)7$%-$%4,&$)88$/%-)/6)1(6)01/%1)%$1%230)$88$/%,)-$&,)$16%8$%8)153)/6$%\%(01/6&3)&$%8,%/+')0805)$%-$%8,%8,153$%(0''$%/H/6:'$;%S,-)BB)(386+% 23)% $'4e(9$% 6036$% ,448)(,6)01% 4,&6)(38):&$% -$/% (01($46/% 4$)&()$1/>% 90&')/% 8,6&)4,&6)6)01%@)$1%(0113$>%',)/%23)%-$'$3&$%31%(,-&$%6&04%5+1+&,8>%$/6%23?$1%-+B)1)6)7$%8$/)51$%$/6%40/+%\%8,%@,/$%-$%8?31)7$&/%$16)$&>%$6%23?)8%B01(6)011$%\%8,%B0)/%(0''$%4&)1()4$-$%-+B)1)6)01%403&%(9,23$%+8+'$16%$6%(0''$%4&)1()4$%-?$[48)(,6)01%403&%6036%$1/$'@8$>,@/6&,)6%03%(01(&$6;%S?90''$%$16)$&%$/6%31%/)51$>%/,%4$1/+$%$/6%31%/)51$>%/01%+'06)01%$/6

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V"Z%i0)&%a%Q+')0805)$%-$%8,%8,153$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%XX;V"]%F')8$%A$17$1)/6$>%a%Q+')0805)$%-$%8,%8,153$%b%k]^`^m>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;XX;

!VZ

31% /)51$;% =,)/% B)1,8$'$16% ($/% /)51$/>% +6,16% 603/% /)51$/% 8$/% 31/% -$/% ,36&$/>% -$% 230)403&&016P)8/%e6&$%/)51$/%23)%lF%QfJO%GDQ%/)51$%pV"!

D%G$)&($>%A$17$1)/6$%0440/$%-01(%%Q,3//3&$>%403&%23)%a%8,%&+B8$[)01%4&0(:-$%-$

8,% 8,153$%$6%4&$1-% 8,% 8,153$%(0''$%0@C$6%$[(83/)B%bV"">%($%23)%$/6%31%40)16%-$%-+4,&6

403&%8,%8)153)/6)23$;

D%4&+/$16>% 70H01/%-$%23$88$%',1):&$%G$)&($% 83)P'e'$%-+B)1)6% 8?a%)(01$%b;%D%-$

10'@&$3/$/%&$4&)/$/%)8%+6,@8)6%8$/%&$8,6)01/%$16&$%8$/%6&0)/%6$&'$/>%-2&"(>%)Q7O&3(>%-",-2(;

F1% 70)()% 31% 1037$8% $[$'48$V"X% -,1/% 31% 6$[6$% -,6+% -$% ]^Z^>% )16)638+% a%D% Qd$6(9% 0B

S05)(,8%K&)6)(/%b%ka%U1$%$/23)//$%-$%8,%(&)6)23$%805)23$%bm%M

000#I#:*,#&O)(%9(,#':*'#':(#7&)'#=%(4/("'3Q#/)(=/3#,-9-)-&"#&=#)-.")#-)#OQ#'%-2:&'&7Q#-"'&=-%)'3Q# <-\("())()+# &%+# *)# I# $%(=(%# '&# )*Q+# I2&")+#^:-2:# )(%9(# '&# %($%()("'# ':(-%# &O@(2')&"3Q#-"#)&#=*%#*)#':(Q#%()(7O3(#':(7#-"#':(7)(39()Å#)(2&",3Q+# I",-2()+#^:-2:#%($%()("'':(-%# &O@(2')# -",($(",("'3Q# &=# *"Q# %()(7O3*"2(# '&# ':(7+# &"3Q# OQ# 9-%'/(# &=# %(*32&""(2'-&")# ^-':# ':(7+# *",# ':-%,3Q# >Q7O&3)+# ^:-2:# %($%()("'# ':(-%# &O@(2')+-",($(",("'3Q#*3-\(#&=#*"Q#%()(7O3*"2(#&%#*"Q#%(*3#2&""(2'-&"+#O(2*/)(#,-)$&)-'-&")#&%=*2'-'-&/)#:*O-')#&=# ':(-%# -"'(%$%('(%)#-")/%(#':(-%#O(-".#)&#/",(%)'&&,0V"Y#~C$% 6&,-3)/Ä�#?,7,)/%0@/$&7+%23$%8,%-)7)/)01%-$/%/)51$/%8,%483/%B&+23$''$16%36)8$%$/6%4,&%6&)(9060')$$1% 4&$'):&$'$16% L$//$'@8,1($>% 03>% (0''$% C$% 4&+B:&$% -)&$>% J(01$/>% 23)% /$&7$16% \&$4&+/$16$&% 8$3&/% 0@C$6/% /$38$'$16% -,1/% 8,% '$/3&$% 0g% )8/% 8$3&% &$//$'@8$16% $1% $3[P'e'$/%h%-$3[):'$'$16>%J1-)($/>%23)%&$4&+/$16$16%8$3&/%0@C$6/%)1-+4$1-,''$16%-$%6036$&$//$'@8,1($% ,7$(% $3[>% /$38$'$16% $1% 7$&63% -$% &+$88$/% (011$(6)01/% ,7$(% $3[>% $66&0)/):'$'$16% QH'@08$/>% 23)% &$4&+/$16$16% 8$3&/% 0@C$6/>% )1-+4$1-,''$16% -$% B,T01/$'@8,@8$% -$% 6036$% &$//$'@8,1($% 03% -$% 6036$% &+$88$% (011$[)01>% 4,&($% 23$% -$/-)/40/)6)01/% 03% -$/% 9,@)63-$/% ,&6)B)()$88$/% -$% 8$3&/% )16$&4&:6$/% ,//3&$16% 8$3&% @011$(0'4&+9$1/)01;

K9$I%G$)&($>% 01% /?,4$&T0)6% 23?01% 1$% /0&6% 4,/% -?31$% &+B8$[)01% &+,8)/6$% M% 8$% /)51$

23?)8%/0)6%-2&"(>%-",-2(%03%)Q7O&3(>%&$170)$%\%31%&+$8%23$%G$)&($%1?)16$&&05$%4,/;%F6%)8

/$'@8$% 23$% (?$/6% /$38$'$16% 8,% &$8,6)01% 805)23$% $6% 8,% (,6+50&)/,6)01% 23)% /016

&$(9$&(9+$/%h%01%1$%70)6%'e'$%4,/%8?$1C$3%-?31$%6$88$%4,&6)6)01;%z3$%8?)(01$%%())(7O3(

\% 8?0@C$6% 1$% -)6% &)$1% 1)% -$% 8?)(01$% 1)% -$% 8?0@C$6%h% 23?31% 40&6&,)6% &$//$'@8$% \% 31$

4$&/011$>%23?)8%/0)6%$1%($8,%31%)(01$%1$%103/%-)6%&)$1%-$%($66$%&$//$'@8,1($;%f1%$/6%8\

-,1/%31%31)7$&/% 805)23$%$6%4&,5',6)23$>%101%-,1/%31%31)7$&/% /+',16)23$;%K$%23)%1$

4$36%B,)&$%23?31%31)7$&/,8)/'$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V"!%IO-,;>%4;%XXPXY;V""%IO-,;>%4;%XY;V"X%i0)&%483/%9,36%4;%]^Z;V"Y%K9,&8$/%Q;%G$)&($>%a%D%Qd$6(9%0B%S05)(,8%K&)6)(/%b%k]^Z^m>%)1%R:(#1))("'-*3#K(-%2(0#>(3(2'(,K:-3&)&$:-2*3#]%-'-".);%708;%!%k]V^"P]^]"m>%$-)6$-%@H%69$%G$)&($%F-)6)01%G&0C$(6>%J1-),1,%U1)7$&/)6HG&$//;>%A800')15601%,1-%J1-),1,408)/>%]^^V>%X`ZPX`];

!V]

=,)/%&$4&$101/%\%4&+/$16%403&%8?0440/$&%,3%4&0C$6%-$%A$17$1)/6$%8,%-+B)1)6)01%23$

G$)&($%-011$%-$%8?)(01$%M%a%I2&")+#^:-2:#)(%9(#'&#%($%()("'#':(-%#&O@(2')#&"3Q#-"#)&#=*%

*)#':(Q#%()(7O3(#':(7#-"#':(7)(39()#b%É%a%J(01$/>%23)%/$&7$16%\%&$4&+/$16$&%8$3&/%0@C$6/

/$38$'$16%403&%,36,16%23?)8/%8$3&%&$//$'@8$16%b;%A)$1%/c&%($66$%&$//$'@8,1($%1?$/6%4,/

+6&,15:&$%,3%4&040/%-$%A$17$1)/6$%-,1/%/,%40+6)23$>%',)/%(9$I%83)%8?)(01$%&$//$'@8$%\

8?$[4+&)$1($%23?)8%)17$16$>%(?$/6%8$%8,15,5$%$1%6,16%23?)8%$/6%7+(3%(0''$%$[4+&)$1($%23)

4&0-3)6%31%&+$8>%31$%+'06)01%1$37$;%A$17$1)/6$%+(&)6%,)1/)%M

K$66$%+'06)01%1,{6%-?31$%$[4+&)$1($%4&0B01-$>%31)23$>-3%'01-$;%S$%40:6$%1$%4$36%/$%-+8)7&$&%-$%/01%$[4+&)$1($%É0@/$//)01>%23$%(9,23$%)1()-$16%-$%/,%7)$%&$1037$88$>%23?$18?$[4&)',16%4,&%8$%'0H$1%-?)',5$/;%J8%B,36%23$%/01%8,15,5$1111111111111111111118$%7+(3%%%&$P4&+/$16$%>%&$P4&0-3)/$%8?+'06)01%M%8?)',5$%$/6%8$%6&3(9$'$16%%%1+($//,)&$%-$%8?+'06)01>%$6%$1%6,16%23?$88$%$/6%/010&)6+>%%%%8,%8,153$%-0)6%&$6&037$&%8$/%/01/%23)%8n+7023$16;%%S$%%%%8,15,5$%-3%40:6$%/$&,%-01(>%\%603/%40)16/%-$%73$>%31%%%%%8,15,5$%)(01)23$;V"`

F1% 8)/,16% ($% 4,//,5$>% 01% 4$1/$% ,3//)6w6% \% 8?,&6)(8$% a%K034% -?v)8% /3&% 8$

-+7$8044$'$16%-$%8,%8)153)/6)23$%b%k]^`"m%0g%A$17$1)/6$%+(&)6%M%a%8$%8,15,5$%%(`$%&,/-'

8,% &+,8)6+;%K$8,%$/6%\%$16$1-&$%-$% 8,%',1):&$% 8,%483/% 8)66+&,8$%M% 8,% &+,8)6+%$/6%4&0-3)6$%\

1037$,3%4,&%8$%6&3(9$'$16%-3%8,15,5$%bV"_;%.,1/%8$%',13/(&)6>%3(#3*".*.(%-$7)$16%)&"

3*".*.(>% ($% 8,15,5$% 4,&6)(38)$&% 23$% 8$% 40:6$% )17$16$% $6% -016% 8?,1,8H/6$% (9$&(9$% \

-+(037&)&% 8,% )'%/2'/%(# $%&=&",(>% 8?0&)5)1,8)6+% 40+6)23$% k(0''$% 3*# 3*"./(# ,(

8*/,(3*-%(m%h% 3*# %5*3-'5>% $88$>% -$7)$16% 3(# 952/>% 3A57&'-&"%M% 31$% &+,8)6+% 7+(3$>% ($% 23$

A$17$1)/6$% -)/,)6% -+C\% 80&/23?)8% 4,&8,)6% -$% 3*# %5*3-'5;% Q)51$% $1(0&$% -?31$% 'e'$

'+'0)&$%-$%8?+(&)63&$%$6%-$%/,%403&/3)6$>%01%6&037$%-,1/%8$/%-$3[%6$[6$/%k8$%',13/(&)6%$6

8?,&6)(8$m% 8$% (01($46% -$% a%6&3(9$'$16%b%M% a%8?)',5$% $/6% 8$% 6&3(9$'$16% 1+($//,)&$% -$

8?+'06)01%b% k-,1/% 8$%',13/(&)6m>%a%8,% &+,8)6+%$/6%4&0-3)6$%\%1037$,3%4,&% 8$% 6&3(9$'$16

-3%8,15,5$%b%k-,1/%8?,&6)(8$m;%S$%6$&'$%-$%a%6&3(9$'$16%b>%4037,)6%,44,&,{6&$%(0''$%31

$1P-$T\% -$% 8,% 4$1/+$>% 31$% B,)@8$//$>% (,&% )8% 4037,)6% /$'@8$&% B)53&$&% 31$% 04+&,6)01% -$

6&,-3(6)01>%-?)16$&4&+6,6)01%k-$%8?+'06)01%03%-$%8,%&+,8)6+%4,&%8$%@),)/%-$%8?)',5$%03%-3

8,15,5$m>% $6% /3440/$&% 23$% 23$823$% (90/$% 23)% /?,44$88$&,)6% a%&+,8)6+%b% 03% a%+'06)01%b

$[)/6$&,)$16%90&/%-3%8,15,5$>%(0''$%8,%&+,8)6+%23$%4&0'$36%8,%69+0&)$%-3%/)51$;%F1%B,)6>%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V"`%8FGH1<FID1>%`>%BrX%o%BrX;V"_%F')8$%A$17$1)/6$>%a%K034%-?v)8%/3&%8$%-+7$8044$'$16%-$%8,%8)153)/6)23$%b>%K%&O3;7()#,(#3-"./-)'-4/(.5"5%*3(>%*,88)',&->%G,&)/>%]^``>%4;%!Y;

!V!

($%1?$/6%4,/%A$17$1)/6$%23)%$/6%$1P-$T,>%(?$/6%103/>%6,16%23$%103/%1$%/,701/%4,/%8$%8)&$;

S$% (01($46% -$% a%6&3(9$'$16%b% $15,5$% 31$% /+')0805)$% -$% 8,% 8,153$;% .,1/% 8?,&6)(8$

a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b%k]^Y`m>%01%8$

70H,)6%-+C\%,44,&,{6&$;%#?$1%,)%B,)6%8?,1,8H/$%,3%-+@36%-$%($%6&,7,)8V"V;%#$%&,44$88$%($%23$

A$17$1)/6$% +(&)7,)6%M% a%D)1/)% -3% 4,6)$16% \% 8?,1,8H/6$% $6% -$% 8?,1,8H/6$% ,3% 4,6)$16>% 8$

4&0($//3/% $16)$&% /?04:&$%4,&% 8$% 6&3(9$'$16% -3% 8,15,5$%bV"^>% $6% -$3[%4,5$/% 483/% 80)1%M

a%~8?,1,8H/6$Ä%4&$1-&,%-01(%8$%-)/(03&/%(0''$%6&3(9$'$16%-?31%,36&$%s8,15,5$t>%23)%,

/$/% &:58$/>% /$/% /H'@08$/% $6% /,% s/H16,[$t% 4&04&$/>% $6% 23)% &$170)$% ,3[% /6&3(63&$/

4&0B01-$/% -3% 4/H(9)/'$%bVXZ;% K?$/6% -$% 8?)16$&4&+6,1($% -$% 8,% 8,153$% 23$% A$17$1)/6$

4,&8$% )()>%(?$/6P\P-)&$%-$%8?,(6)7)6+%-?31$%,1,8H/$>%$1% 6,16%23?$88$% B,)6% 8?)17$16)01%-$% 8,

/)51)B),1($% -,1/% 8$% -)/(03&/;% D3//)>% 80&/23?)8% +(&)6% 23$% a%8?)',5$% $/6% 8$% 6&3(9$'$16

1+($//,)&$%-$% 8?+'06)01%b>%A$17$1)/6$% )1-)23$%23$% 8$% 8,15,5$%-0)6%-$7$1)&%a%)',5$%b>

,70)&%($66$%23,8)6+%4,&6)(38):&$%-?e6&$%a%)',5$%b>%403&%)16$&4&+6$&%8?57&'-&">%(?$/6P\P-)&$

31$%$[4+&)$1($%1037$88$;

S$% 6$&'$% -$% a%6&3(9$'$16%b% $/6% \%'$66&$% $1% &$8,6)01% ,7$(% ($83)% -$% 9(2'(/%% 23)

,44,&,{6% 4,&% -$3[% B0)/% -,1/% 8$/% ',13/(&)6/%M% a%S$% 40:6$% -0)6% -01(% )17$16$&% -$/

,//0(),6)01/% -$% '06/% $6% 6036% -?,@0&-% (90)/)&% ($/% '06/% -$% 6$88$% ',1):&$% 23$% 8$3&

s'$//,5$t% /0)6% 83)P'e'$% 7$(6$3&% -$% 23$823$% (90/$% -?,36&$>% 23)% 8$% -+4,//$%bVX];% K$

,5$*))(7("'%$/6%)'48)23+>%(0''$%01%8?,%73>%4,&%8,%-)'$1/)01%-3%/H'4,69:'$>%4,&%8$/

,//0(),6)01/%23$%4&0-3)/$16%8,%8$(63&$%-3%40:'$%h%A$17$1)/6$%4,&8$%-?a%,//0(),6)01/%-$

'06/%b;%S$/%'06/%-3%40:6$%/016%-$/%a%7$(6$3&/%b%4,&($%23?)8/%-+48,($16%8,%4$1/+$%$6%8,

8,153$;% S$%'06% $1% 40+/)$% $/6% 7$(6$3&% -$% 4/(34/(# 2:&)(# ,A*/'%(>% 4/-# 3(# ,5$*))(;% K$

-+4,//$'$16% (?$/6% ,3//)% ($83)% 23$% 4&0-3)6% 603C03&/% 31$% /+')0805)$% -$% 8,% 8,153$;% S$

40:'$%$/6%)16$&/3@C$(6)7,16>%9(2'(/%>%'%/2:(7("';%Q3&%31%,36&$%B$3)88$6>%01%8)6%M

R(%7-"&3&.-(#g#######-"9("'(%

%%%%%%%%%%%%%%%%%%%%uuuuuF17)/,5$&%%%%7$(6$3&%%%%403&%-)&$%M%%a%6$&'$%23)%7+9)(38$%-$/%,//0(),6)01/%40+6)23$/%4$&/011$88$/%bVX!

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%V"V%i0)&%4;%]ZX;V"^%F')8$%A$17$1)/6$>%a%L$',&23$/%/3&%8,%B01(6)01%-3%8,15,5$%-,1/%8,%-+(037$&6$%B&$3-)$11$%b>%)1K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%]^``>%4;%_`;VXZ%IO-,;>%4;%_V;VX]%8FGH1<FID1>%!!>%BrX_%o%Br!V^;VX!%8FGH1<FID1>%]">%Br]!%o%Br_!;

!V"

S,%4$&/4$(6)7$%-?31$%a%6$&')10805)$% \% )17$16$&%b% &,44$88$%Q,3//3&$%M% a%8?)1$46)$

,@/083$%-$% 8,% 6$&')10805)$%(03&,16$>% 8,%1+($//)6+%-$% 8,% &+B0&'$&%bVX">% 03%-3%'0)1/% 8$

/$16)'$16% 23?31$% )17$16)01% -3% 40)16% -$% 73$% ,44$88$% 31$% )17$16)01% -,1/% 8$% -)/(03&/;

S?,-C$(6)B% a%4$&/011$88$/%b% -,1/% 8?$[4&$//)01% a%,//0(),6)01/% 40+6)23$/% 4$&/011$88$/%b

/$'@8$% /?,448)23$&% ,3% 40:6$% $6% ,3% 8$(6$3&>% /)% @)$1% 23?)8% /?,5)6% -?31$% 4$1/+$% -$

8?9)/60&)()6+%-3%40:'$%M%8?31)7$&/%40+6)23$%-$%A,3-$8,)&$>%/$/%,//0(),6)01/%4$&/011$88$/>

(016)13$16% -?e6&$% &+)17$16+/% 4,&% -$/% 8$(63&$/>% 4,&% 8$/% ,//0(),6)01/% $&5'-4/()

$(%)&""(33()%23$%8$%40:'$%&$1-%40//)@8$/;%D7$(%603C03&/%($66$%7,8$3&%-$%(&+,6)7)6+%23$

40/$%8$%6$&'$%a%40+6)23$%b%(9$I%A$17$1)/6$;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%VX"%F')8$%A$17$1)/6$>%a%S$66&$/%-$%R$&-)1,1-%-$%Q,3//3&$%\%D160)1$%=$)88$6%b%k8$66&$%-3%X%C,17)$&%]V^Xm>B*:-(%)#T(%,-"*",#,(#>*/))/%(+#PL>%.&0I>%*$1:7$>%]^`X>%4;^Y;

!VX

!$*:#52,$*

D7$(%A$17$1)/6$% (?$/6% 6036$% 8,% 69+0&)$% -3% 8,15,5$% 23)% /$% 6&,1/B0&'$;% F88$% 1$

4$36%483/%e6&$%31%&+,8)/'$;%F88$%1$%4037,)6%-+C\%483/%8?e6&$%,7$(%Q,3//3&$>%,7$(%Q,4)&;

f1%/,7,)6%23$%A$17$1)/6$% &$1-,)6%40//)@8$%31$%40+6)23$>%01%-+(037&$%23?)8% 8?,%+(&)6$>

01% -+(037&$% ,3//)% 8,% a%(017$&/)01% -3% 40)16% -$% 73$%b% 23?$88$% ,% $15,5+$% 403&% 83)>

4$&/011$88$'$16>% $6% 23?$88$% $15,5$% \% 4&+/$16% 403&% 103/% 23)% 8$% 8)/01/;% S$% 3*".*.(

$&5'-4/(%$/6% 8$%40)16%-$%73$%23)%4$&'$6% 8,%(&)6)23$%-3% 3*".*.(#&%,-"*-%(>% (?$/6%\%-)&$

-?31$%(01($46)01%&+,8)/6$%23)%&+-3)6%8,%8,153$%\%31%3/,5$%&+B+&$16)$8>%(0''31)(,6)011$8

$6%4&,5',6)23$;

S$% 8,15,5$% 40+6)23$% $/6% 0&-)1,)&$;% J8% )'48)23$% 23?01% /,(9$% 8?$16$1-&$% $6% 8$

4,&8$&>%23?01%/,(9$%9-9%(#3(#3*".*.(;%J8%)'48)23$%31$%6&,1/B0&',6)01%-3%&$5,&-;%a%i)7&$

8$%8,15,5$%o%O036%$/6%8\%M%-,1/%8$%8,15,5$%,//3'+%$6%7+(3%(0''$%$[4+&)$1($%93',)1$>

&)$1%1n,%483/%8$%'e'$%/$1/%23$%-,1/%8,%8,153$%4&)/$%(0''$%/H/6:'$%B0&'$8%$6%-+(&)6$

-3% -$90&/%bVXX;% K$% 23)% $/6% a%-$90&/%b>% (?$/6% 8$% &+,8)/'$>% ($83)% -3% /6&3(63&,8)/'$% 4,&

$[$'48$>%03%($83)%-016%4,&8,)6%-+C\%Q,4)&%-,1/%a%R:(#m%*77*%-*"#*",#:-)#<*"./*.(%b

80&/23?)8%-)/,)6%23$% 8$% 8)153)/6$%a%',1)438$% 8,% 8,153$%\%4$3%4&:/%(0''$% 8$%I00805)/6$

',1)438$% 8$/% (9)$1/%b%% ka%[(# :*",3()# 3*"./*.(# 9(%Q# 7/2:# *)# ':(# ?&Ñ3&.-)'# :*",3()

,&.)#bVXYm;

.,1/%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%A$17$1)/6$%4,&8,)6%-$%a%8,%-)BB)(386+%-$

/0&6)&% -$/% (,6+50&)$/% 36)8)/+$/% 403&% 8?,1,8H/$% -3% 8,15,5$% 0&-)1,)&$%bVX`>%',)/% ($% 23?)8

'016&$% (?$/6% 23$% ($66$% -)BB)(386+% $/6% ,3//)% 31$% 1+($//)6+;% U1$% 1+($//)6+% +69)23$% $6

408)6)23$;% A$17$1)/6$% ,44$88$% ($8,% 31% 59(-3>% 31$% %52($'-9-'5%M% a%S,% 40+/)$% 7$36

/$38$'$16% (0''31)23$&% 31$% +'06)01;% J8% 1?H% ,% 4,/% -$% '$//,5$>% ',)/% /$38$'$16% 31

+7$)8>% 31$% &+($46)7)6+%bVX_;% #?,)%'016&+% 23$% 8,% 40+6)23$% -$% A$17$1)/6$% 1?+6,)6% 4,/% 31

/$1/3,8)/'$%h% a%(0''31)23$&% 31$% +'06)01%b>% (?$/6% ,70)&% 31% ($&6,)1% /$1/% -3% 8,15,5$>

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%VXX%l06$%',13/(&)6$%-?F')8$%A$17$1)/6$%(01/$&7+$%\%8,%A)@8)069:23$%1,6)01,8$%-$%R&,1($>%.+4,&6$'$16-$/%=,13/(&)6/%f&)$16,3[>%%/03/%8,%(06$%GDG;%fL;%"Z>%$17$8044$%!>%Br!X];VXY%F-E,&-%Q,4)&>%a%R:(#m%*77*%-*"#*",#:-)#<*"./*.(%b%k]^!Xm>%)1%>(3(2'(,#]%-'-".)#-"#<*"./*.(+B/3'/%(+#*",#K(%)&"*3-'Q>%+-)6+%4,&%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%ÉS0/%D15$8$/%É%S01-01>%]^X^>%4;%]YZ;VX`%F')8$%A$17$1)/6$>%a%K$%8,15,5$%23)%B,)6%8?9)/60)&$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%4;%"_;VX_%8FGH1<FID1>%]!>%Br!%o%BrYX;

Marcelo

!VY

,70)&% 8$% /$1/% -3% )57*"'-4/(# b)*")# )57-&'-4/(_% -+C\% )'48)23+% 4,&% 6036$% /,% 69+0&)$% -3

8,15,5$%M%a%@)$1%,7,16%-$%/$&7)&%\%(0''31)23$&>%8$%8,15,5$%/$&6%\%9-9%(%bVXV;

S,% &$-+(037$&6$%-3% 6&,7,)8% -$%A$17$1)/6$%1$% B,)6% 23$% (0''$1($&% $6% ,7$(% $88$

(?$/6%,3//)% 8,%&$-+(037$&6$%-$/%6&,7,3[%-$%Q,3//3&$>%-$%A0,/>%-$%Q,4)&>%-$%Ç90&B%23)

-$7)$16% 40//)@8$;% A$17$1)/6$% 1?$/6% 4,/% /$38;% K?$/6% 6036% 31% 6&,7,)8% -$% &$6&,-3(6)01% 03

/)'48$'$16%-$%6&,-3(6)01%-$/%6$[6$/%-$%A0,/>%-$%Q,4)&>%23)%/?)'40/$;%#?,)%(0''$1(+%\

$1%'016&$&% 8?$1C$3%$6% 8$%@019$3&;%S$%@019$3&%-$%-+(037&)&% 8,%4&3-$1($>% 8?93'03&%-$

Q,4)&>% $6% /,% C0)$%M%a%](# 7/)'# 3(*%"# '&# '*\(# @&Q# -"# ':(# 3*%.(%# =%((,&7# &=# 3&Q*3'Q# '&

':&/)*",)# &=# )/O'3(# $*''(%")# &=# O(:*9-&%# ':*'# ^(# 2*"# "(9(%# :&$(# '&# /",(%)'*",# -"

(N$3-2-'# '(%7)#nVX^%M% 8,% C0)$%-$%Q,4)&%-?e6&$%8)@&$%-?31%&+,8)/'$>%-?e6&$%B)-:8$%\%31$%7)$

23?01%1$%4$36% C,',)/% $/4+&$&% (0'4&$1-&$% $1% 6$&'$/% $[48)()6$/;%=,)/% ,3//)% /,%4$1/+$

(&)6)23$>%/,%')/$%$1%5,&-$%-$%8?$//$16),8)/'$%8050($16&)23$M%a%R:/)#-""&2("'#3-"./-)'-2

2*'(.&%-()# 7*Q# '*\(# &"# ':(# =&%7-,*O3(# *$$(*%*"2(# &=# 2&)7-2# *O)&3/'()# bVYZ;

A$17$1)/6$%,3//)%7$)88$;%G,&%$[$'48$%-,1/%8?,&6)(8$%a%S,%49&,/$%10')1,8$%b>%$1%]^YZ>%\

4&040/%-$%8,%-)/6)1(6)01%5&,'',)&)$11$%-3%a%4&0(:/%b%$6%-$%a%8?0@C$6%b%)8%+(&)6%M%a%K$%1$

/016%4,/%-$/%4&04&)+6+/%)16&)1/:23$/%-$%8,%1,63&$%23$%8$%8,15,5$%$1&$5)/6&$&,)6>%($%/016

-$/%(,6+50&)$/%B0&'+$/%$1%($&6,)1$/%8,153$/%$6%23)%016%+6+%4&0C$6+$/%/3&%8,%1,63&$%bVY];

K$%&,44$8%$/6%(01/6,16%(9$I%A$17$1)/6$%$6%)8%$/6%1+($//,)&$;

=,% 69:/$% -011$% 31$% 4&$'):&$% 8$(63&$% -$% 8,% 40+6)23$% -$% A$17$1)/6$;% #?$/4:&$

23$%($%6&,7,)8%-011$&,%$17)$%\%-?,36&$/%-$%403&/3)7&$>%$6%-?$//,H$&%-$%70)&%')$3[>%483/

80)1% -$% 23$88$% 40+6)23$%A$17$1)/6$% 103/% &$1-% (,4,@8$/;% #$% 1?,)% 4,/% $//,H+% -$% &$1-&$

(0'46$%-$%6036>%C?,)%6|(9+%-$%'$66&$%$1%83'):&$%($&6,)1/%,/4$(6/%-$%($66$%40+6)23$>%23)

5,&-$%$1(0&$%@$,3(034%-$%'H/6:&$>%23)%&$/6$%-)BB)()8$>%-01(%\%-+(037&)&;%F1%6036%(,/>%($

23)%$/6%($&6,)1%(?$/6%23$%8$%40:'$%403&%A$17$1)/6$%1$%4$36%483/%e6&$%(01/)-+&+%(0''$

31%+(,&6%4,&%&,440&6%,3%8,15,5$%0&-)1,)&$;%S$%40:'$%$/6%0&-)1,)&$>%',)/%/$38$'$16%10/

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%VXV%F')8$%A$17$1)/6$>%a%S,%B0&'$%$6%8$%/$1/%-,1/%8$%8,15,5$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>4;%!]_;VX^%F-E,&-%Q,4)&>%a%O9$%U1(01/()03/%G,66$&1)15%0B%A$9,7)0&%)1%Q0()$6H%b>%)1%R:(#G"2&")2-&/)#6#F>Q7$&)-/7>%F;Q;%.3''$&>%$-;m>%}104B>%l$EPÑ0&d>%]^!_>%&$4&)/%-,1/%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>A$&d$8$H%,1-%S0/%D15$8$/>%]^`">%4;%YY^;%z3$%C$%6&,-3)/%M%a%l03/%-$701/%,44&$1-&$%\%,70)&%-$%8,%C0)$-,1/%($66$%483/%8,&5$%8)@$&6+%-?e6&$%B)-:8$%\%-$/%')88)$&/%-$%/3@6)8$/%B0&'$/%-$%(0'40&6$'$16%23$%103/%1$403701/%C,',)/%$/4+&$&%(0'4&$1-&$%$1%6$&'$/%$[48)()6$/%b;VYZ%F-E,&-%Q,4)&>%a%O9$%5&,'',&),1%,1-%9)/%8,153,5$%b>%)1%F7(%-2*"#S(%2/%Q+#I>%]^!X;%L$4&)/%-,1/%8$7083'$%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%#-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`">4;]Y_;%#$%6&,-3)/%M%a%D)1/)%-?)110($16$/%(,6+50&)$/%8)153)/6)23$/%4$37$16%&$7e6)&%8,%B0&')-,@8$%,44,&$1($-?,@/083/%(0/')23$/%b;VY]%F')8$%A$17$1)/6$>%a%S,%49&,/$%10')1,8$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%4;%]Y!;

!V`

&$4&+/$16,6)01/% &+,8)/6$/% -3% 8,15,5$% 103/% 8?016% B,)6% 03@8)$&>% $6% 016% B,)6% 4,//$&% 8$

a%8,15,5$%0&-)1,)&$%b%403&%8$%8,15,5$;%D80&/%23?)8%1?$1%$/6%23?31$%&+-3(6)01;

A$17$1)/6$% -)/,)6% -$% Q,3//3&$>% a%G,&P-$8\% /,% 7)$% 6$&&$/6&$>% /$/% )-+$/% &,H011$16

483/% 80)1%23?)8%1?,3&,)6%43% 8?)',5)1$&>%$6%($66$%-$/6)1+$%40/693'$%$/6%-$7$13$%(0''$

31$% /$(01-$% 7)$>% 23)% /$% (01B01-% -+/0&',)/% ,7$(% 8,% 1w6&$%bVY!;%S,% ',1):&$% -016

A$17$1)/6$%4,&8$%-$%Q,3//3&$%$/6%(016)13$%\%/,%69+0&)$%-3%8,15,5$>%0g%)8%1$%(01B01-%4,/

8$% /3C$6% $6% 8?)1-)7)-3;% J8% 1?H% ,% -$% -$/6)1+$% 40/693'$%23$% 403&% 8$/% /3C$6/;%S,% -$/6)1+$

40/693'$%-?31$%4$1/+$%(?$/6%/01%,(6)7)6+>%/01%9)/60&)()6+>%8,%',1):&$%-016%($66$%4$1/+$

(016)13$% -$% 103/% )17$16$&;% K?$/6% ($% 23$% B,)6% ,3//)% 8$% 40:'$% -$% 8,% 4$1/+$% 23$

A$17$1)/6$%+(&)6;%l03/%,701/%@$/0)1%-$%A$17$1)/6$%403&%4$1/$&%8$%8,15,5$>%403&%4$1/$&

8$%40:'$;%A$17$1)/6$%$/6%483/%C$31$%23$%103/>%)8%103/%-$7,1($%$1(0&$>%-,1/%8$%/$1/%0g

103/%-$701/%603C03&/%8$%-+(037&)&;

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%VY!%F')8$%A$17$1)/6$>%a%Q,3//3&$%,4&:/%31%-$')P/):(8$%b>%)1%K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%%4;%XY;

!V_

?e!HD.N=L

!VV

Q<!"#$%&'(#)*+,"#-"&."&+(/"

012#)*+,+"#-23&"/!"#$"%&'$()(')*#+('#(,)-.)/&'0&0(),".,)/&)-+%(#$+"')-()12%+,$+&')3.(#2

!"#$%&'#()*+,&#'*-*./&0/""%*"/1$%22%12(%#2(.%)&,,"#+4)(')#2&%0()-.)5"'-,)67+/()8('9('+,$(

3)4,&(%5%"(*6%'*5,"1'7&#('8*9#02#/(:;<1%*",(#/",2%*6%*=&,"7%:(7;%()-()/<=:>)?@A?)BCD)E1F>*)G)3&%+,?)G)6F*)D*BH)DI"'J

:(7;%()-()/<=:>)KLMN)OC6:)E1F>*)G)6F*)=/7J

45! 6+(7%(+/+%&(#/"(/1*"&/1+2"(

!"! #$%&!'$(&)*+,'-.$)/$(0$(-%&$)12345"675

67+/() 8('9('+,$(H) '4) /() N?)7&+) LAPN) Q) R/(S) (') *I%+(H) 7(.%$) /() M) "#$";%() LA?T) QU(%,&+//(,)-(,),.+$(,)-<.'()&$$&V.(),.%9('.()(')-4#(7;%()LATAW

O/) /X0.() Q) $+$%() S&%$+#./+(%) ,(,) S&S+(%,) 7&'.,#%+$,) Q) /&) 8+;/+"$2XV.() '&$+"'&/() -(3&%+,)EQ) ,"') -4Y&.$H) (') #&,) -() '"') &##(S$&$+"'H) &.) 1"//X0() -() 5%&'#(J) V.+) -"+$) /(,#&$&/"0.(%W)O/)+',$+$.(),&),Z.%H)1&%7(/+&)8('9('+,$()ELAP[\LA?AJH)#"77(),&)/40&$&+%(.'+9(%,(//()($H)(')#&,)-()S%4-4#X,)-()#(//(\#+H)]("%0(,)>(-&%-K@[W

D() /40&$&+%() -"+$) ,() #2&%0(%) -()9('-%() ,&) ;+;/+"$2XV.()-&',) ,"') +'$40%&/+$4) ($) Q) .',(./) &#V.4%(.%H) 8('9('+,$() -"''&'$) ,&) S%4Y4%('#() Q) .'() O',$+$.$+"') ,#+('$+Y+V.(H.'+9(%,+$4H) #('$%() -() %(#2(%#2(,H) ($#WH) V.+) -"+$) S"%$(%) ,.%) ".) -&',) #2&#.') -(,9"/.7(,),#+('$+Y+V.(,)&#2($4,H)/(,)7('$+"',)^)_)6`)/+;%+,)67+/()86FU6FO*C6)a)".)_)1(/+9%() &) &SS&%$('.) Q) 67+/() 86FU6FO*C6)aW) D&) ,"77() ";$('.() -"+$) ,(%9+%) Q/<&9&'#(7('$)-(,)4$.-(,)+%&'+(''(,)E&#2&$)-<".9%&0(,H)"#$%"+)-<.'();".%,()Q).')b(.'(#2(%#2(.%H)#%4&$+"')-<.')Y"'-,)_)67+/()8('9('+,$()a)($#WJW

8"! #$%&!'$(&)*$)9!:'$.-!)/$(0$(-%&$)123;<=2343"

!<&S%X,).');%".+//"')-&$4)-()LA?A) Y+0.%&'$)-&',) /(,)&%#2+9(,)-.)1"//X0()-()5%&'#(E#YW) OOW#JH) 1&%7(/+&) 8('9('+,$(K@@) /X0.() /(,) -%"+$,) -<&.$(.%) Q) /<R#&-47+() -(,O',#%+S$+"',) ($)8(//(,\D($$%(,) E(') #&,)-() %(Y.,)-() #($$() -(%'+X%(H) (//() /(,) -(,$+'&+$) Q/<O',$+$.$) -<4$.-(,) +%&'+(''(,) -() /<='+9(%,+$4) 3&%+,) MJW) c(&') D(#/&'$H) ,(#%4$&+%(S(%S4$.(/H)&))#"'Y+%74)V.()/<R#&-47+()-4$('&+$)/(,)-%"+$,)-(S.+,)LAK[W

445! !%81,+(1/+%&#'"(#717+"2(#-"&."&+(/"

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%K@M) C(,$&7('$) Y+0.%&'$) -&',) /() -",,+(%) >&7:#$%'* ?@ABCDE* FG%H'* ?5#2%* 9%"$%"#'(%8@IE-J@IEKL)-()/&)8'5W)1"',./$&$+"'),".7+,()Q)&.$"%+,&$+"'WK@[)3%"Y(,,(.%)Q)/<='+9(%,+$4)-()8(%'()E*.+,,(JH)-4#4-4)/()N[)b&'9+(%)NPP@H)S%"#2()-(8('9('+,$()-"'$)+/)Y.$)/<4/X9(WK@@)!4#4-4()/()L?)'"9(7;%()LA?AW

!V^

!"! >?@!:&$'$(&) *$%) '!(A%B:-&%) *$) .!) /-8.-C&DEFA$) (!&-C(!.$) *$G:!(B$)1H!:-%"

!! !"')+'+$+&/)E/(0,J)^)9:#';8"*<2"#=>?@P& 3&S+(%,)$%&',7+,)S&%)]("%0(,)>(-&%-K@T

P& ?) 9"/.7(,) %(/+4,) ($) NK) ;"d$(,) -<&%#2+9(,) #"',(%94,) &.) ,(+') -() /&) 8%,,"8/+%&017+"2(#'AB2+"&/1,+(/"(#($)#"$4,)3R3W)e>W)NA)Q)TM

P& =')+'9('$&+%()($).'()-(,#%+S$+"'),"77&+%(,)-&#$I/"0%&S2+4,)Y+0.%('$)-&',)/(#&$&/"0.()7&'.,#%+$)-()/&)#"//(#$+"')#"',(%94)('),&//()-()/(#$.%()"%+('$&/(W

!! 1"7S/47('$)-.)/(0,)^)-"')-.)=>#1%C/#D::E# E'f)-<+'9('$&+%()^P[\NAJ

P& !"') -() ]("%0(,) >(-&%-) $%&',7+,) S&%) /<+'$(%74-+&+%() -<OW#*g(/&0"h,i+H/<&,,+,$&'$()-()]4%&%-)5.,,7&'K@?W

P& L);"+$()-<&%#2+9(,)'"')#"$4(P& :+#2(/) j&%&0"g&K@K) &) (,$&7S+//4) /(,) [PA) Y(.+//($,H) 4$&;/+) .') +'9('$&+%() ,".,

Y"%7()-()$&;/(&.)$+$%4)_)67+/()8('9('+,$(W)D&'0&0()S"4$+V.()a)($)(YY(#$.4)-(,%(0%".S(7('$,) (') ,".,\S"#2($$(,W) D&)7&b"%+$4) -<('$%() (//(,) ,"'$) %(0%".S4(,-&',).'()#2(7+,()S"%$&'$)/&)7('$+"')_)8&.-(/&+%()aW

!! 1"7S/47('$)-.)/(0,)^)-"')-.)=F#1.2+,#D::@) E'f)-<+'9('$&+%()^PT\L@J

P& !"')-() /&)9(.9()-()]("%0(,)>(-&%-H)S&%) /<+'$(%74-+&+%()-()]4%&%-)5.,,7&'#2&%04)S&%):&-&7()>(-&%-)-()$%+(%)/(,)S&S+(%,)-(),"')7&%+W

P& N);"+$(,)-<&%#2+9(,)'"')#"$4(,P& 3(.) &S%X,) /(.%) &%%+94() &.) -4S&%$(7('$H) :"'+V.() 1"2('K@A) &.$"%+,() O%X'(

5('"0/+"KTP)($)12/"4)D&S/&'$+'(KTL)Q)#"',./$(%) /(,)'".9(&.`)S&S+(%,W)6//(,)('4$&;/+,,('$) /<+'9('$&+%(W)D&)S%(7+X%();"d$() #"'$+('$)-4,"%7&+,)-(,)(',(7;/(,'.74%"$4,)-()L)Q)?)k)/&),(#"'-(H)-()K)Q)L@W)12&V.()S"#2($$()E".)#2(7+,(H)".;/"#\'"$(,H) ($#WJ) #"'$+('$) /&) -(,#%+S$+"') -<OW)5('"0/+") V.+) /.+) #"%%(,S"'-W1(%$&+'(,) ,"'$) #"7S/4$4(,) ($G".) #"%%+04(,) &.) #%&I"') -() /&) 7&+') -(1W)D&S/&'$+'() ".) -<OW) 5('"0/+") (//(\7l7(W) :+#2(/) j&%&0"g&) &) S%"#4-4) Q/<(,$&7S+//&0() &S%X,) /<+'9('$&+%(W) O/) &) %(0%".S4) #(%$&+',) Y(.+//($,) ($) #&%'($,-&',) -(,) ,".,) #2(7+,(,) 0%+,(,) (') Y"'#$+"') -() /(.%) Y"%7&$H) ,&',) 7"-+Y+(%/<"%-%(W

P& !&',) /&) /($$%() Q) :"'+V.() 1"2(') &##"7S&0'&'$) /() -"'H) ]4%&%-) 5.,,7&'+'-+V.()V.<+/)&)(YY(#$.4).')$%+)S&%7+)/(,)S&S+(%,)-()>(-&%-)($)V.<+/)&)$%&',7+,S&%&//X/(7('$)_)V.(/V.(,)&%#2+9(,)S(%,"''(//(,)-<6W)8('9('+,$()a)&.)1"//X0()-(5%&'#(W

P& 3&%7+) #(,) S&S+(%,H) "') $%".9() '"$&77('$) /(,) /($$%(,H) #(%$+Y+#&$,) -() -"') ($+'9('$&+%(,)S%".9&'$)/(,)-"',)-()>(-&%-)Q)/<='+9(%,+$4)-()5&+%;&'i,)(')R/&,i&E#YW)OOW;JW

!! O'-4S('-&'$) -.) /(0,)^) -"') -.) N) ';8"*<2"# =>F=) E'f-<+'9('$&+%()^)KL\L[PJ

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%K@T)='()#"%%(,S"'-&'#()('$%()]W)D()>+-(%H)&-7+'+,$%&$(.%)04'4%&/)-()/&)8+;/+"$2XV.(F&$+"'&/()(')LA?TH)($)]W)>(-&%-)&$$(,$()V.()#()-(%'+(%),<(,$)-+%(#$(7('$)"##.S4)-./(0,)-(,)S&S+(%,)-()8('9('+,$(WK@?)3%"Y(,,(.%)$+$./&+%()-()/&)#2&+%()-.):"'-()+'-+(')&.)1"//X0()-()5%&'#(H)4/X9()($&7+)-()>(-&%-WK@K):&0&,+'+(%)-()#"//(#$+"',)S&$%+7"'+&/(,)&.)!4S&%$(7('$)-(,):&'.,#%+$,WK@A) R/"%,) -+%(#$%+#() -.) -4S&%$(7('$) -(,) 7&'.,#%+$,H) (//() &) S%+,) ,&) %($%&+$() (',(S$(7;%() NPPTW) C2+(%%I) !(/#".%$) (,$) /<&#$.(/) -+%(#$(.%) -.) -4S&%$(7('$)k) R''(\*"S2+()!(/2&I(H),"')&-b"+'$(WKTP)!+%(#$%+#()-()%(#2(%#2(,)Q)/<OC6:WKTL)!"#$"%&'$()&.)-4S&%$(7('$)-()D+$$4%&$.%()Y%&'m&+,()Q)3&%+,)K)E?5#2%*9%"$%"#'(%*M+/)(#<1%* 6%* 2,* (:)/&#%) ,".,) /&) -+%(#$+"') -() ]4%&%-) !(,,"',JW) 6//() $%&9&+//() -(S.+,S/.,+(.%,)&''4(,) ,.%) /<&%#2+9()8('9('+,$() ($) &) +'#+$4)>(-&%-) (')NPP[)Q)-"''(%) /(,S&S+(%,)-()S"4$+V.(H)&/"%,)('#"%()('),&)S",,(,,+"'H)Q)/&)8'5W

!^Z

P& !"') -() c(&') D&//"$KTN) V.+) &) 4$&;/+) /(,) ,"77&+%(,H) $&;/(&.) ($) +'-(`) -.N/7,012,#&%*6%'*#"'(#(1(#/"'*#"6/J%1&/4)%""%')ELATAJ)-()8('9('+,$(W

P& L) ;"+$() -<&%#2+9(,) #"$4() 3R3W) e>W) ?M) #"'$('&'$) .'() ('9(/"SS() i%&Y$%('Y(%7&'$)/(,)Y(.+//($,)-<.'()9(%,+"')-&#$I/"0%&S2+4()($)&''"$4()S&%)cW)D&//"$-.)N/7,012,#&%W

P& 1() 7&'.,#%+$) +'#"7S/($) (,$) -4#%+$) &.`) S&0(,) A@) ($) A?) -.) #&$&/"0.() -(,3&S+(%,)-<e%+('$&/+,$(,W

8"! I(-0$:%-&J)CK)L.!%M!)G!-:8!(M%)1L.!%M!"

M)-"',)-()]("%0(,)>(-&%-)^

\)L?)("7/"*<2"#=>>=)E&##(,,+"')'.7;(%)^)AL\LKPJ\)M)1.2+,#=>>D)EAN\P@KJ\)NM)&%."*<2"#=>>D)EAN\NNMJ

3/.,+(.%,)-"#.7('$,)Y+0.%&'$)S&%7+)/(,)S&S+(%,)-.)-"')PT\L@)&$$(,$('$)V.()/&;+;/+"$2XV.()6/7(%)6W)>&,7.,"')E='+9(%,+$I)"Y)R/&,i&)5&+%;&'i,H)R/&,i&)&'-3"/&%)>(0+"',)!(S&%$7('$J)-4$+('$)N?)#&%'($,)-<('V.l$(,)-()8('9('+,$()($)-(,'"$(,) &.$"0%&S2(,) #"'#(%'&'$) /(,) /&'0.(,) &74%+'-+(''(,) -<R74%+V.() -.F"%-)EB&n-&H)C/+'0+$H)6,V.+7"oJKTMW

12/"4) D&S/&'$+'(H) V.+) ,<(,$) %('-.() Q) 5&+%;&'i,) (') NPP@H) S",,X-(H) Q) $+$%(S(%,"''(/H).'()#"S+()7+#%"Y+/74()-()#(,)S&S+(%,W)6//()(')&)40&/(7('$)-(7&'-4/&)'.74%+,&$+"'W

B"! N$:0-B$)*$%)L:BD-0$%)*A)9C..EO$)*$)G:!(B$)1H!:-%"

P& =') -",,+(%) S(%,"''(/)^) TL) S+X#(,) %4S(%$"%+4(,) E-"#.7('$,) &-7+'+,$%&$+Y,H;+;/+"0%&S2+(H) #"%%(,S"'-&'#(H) %&SS"%$,H) S%"0%&77(,) -() #".%,H) -",,+(%) -(#"'04)7&/&-+(H)-",,+(%)-()%($%&+$(H)#".S.%(,)-()S%(,,(oJW

P& T);"+$(,)-<&%#2+9(,)#"7S%('&'$)-+9(%,)-"#.7('$,) $%&',7+,)(')S/.,+(.%,) Y"+,S&%) ]W) 5.,,7&') -(S.+,) NPPT)E/(,) S&S+(%,) -() 8('9('+,$() ,<&9X%('$) 7l/4,) Q#(.`)-()>(-&%-JW

1"',./$&;/(,),.%)-4%"0&$+"'W

*"! PQ,9)1P(%&-&A&)Q?'C-:$%)*$).+,*-&-C()BC(&$'@C:!-($R)9!$("

P& D(,)-"#.7('$,) #"',(%94,) Q) /<O:61) Y"'$) S&%$+()-(,) #"//(#$+"',)-.)1"//X0()-(5%&'#(W

P& !<&S%X,) /&)'"$+#()-.),+$() O'$(%'($)-() /<O:61H) _)/() Y"'-,)(,$) #"7S",4)-() $%"+,#".%,)^)p3%";/X7(,)-(),I'$&`()04'4%&/(p)ELA[A\LA@PJ)k)p*I'$&`()-(,)#&,p),.+9+-() pD&) Y/(`+"') -&',) /(,) /&'0.(,) +'-"\(.%"S4(''(,p) ELA@[\LA@@J)k) pD(,S%"'"7,p)ELA@@\LA@TJ)aKT[W

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%KTN):&+$%()-()#"'Y4%('#(,)-()/+'0.+,$+V.()0%(#V.()Q)/<6F*)E3&%+,J)&.b".%-<2.+)%($%&+$4WKTM)D(,)-"',)'<"'$H),(7;/(\$\+/H)S&,)4$4)"YY+#+&/+,4,)S&%)>(-&%-)S.+,V.()/(,)#(%$+Y+#&$,-() -"',) "%+0+'&.`) V.() /() -+%(#$(.%) -.) -4S&%$(7('$H) !&9+-) RW) B&/(,H) /.+) &9&+$-(7&'-4)-()%('9"I(%)Y+0.%('$)S&%7+)/(,)S&S+(%,)#"',(%94,)Q)/&)8'5)E-"')PT\L@)-.)LK&9%+/)NPPTJWKT[)hhhW+7(#\&%#2+9(,W#"7GY"'-,GY+#2(WS2Sq+'-r8FU

!^]

P& 1(,)'"$(,)'(),"'$)S&,)-()8('9('+,$()7&+,)#(//(,)S%+,(,)S&%)>(-&%-)&.`)#".%,-() 8('9('+,$() #"77() /<+'-+V.('$) /<4#%+$.%() ($) /&) S%4,('$&$+"') V.+) '(#"%%(,S"'-('$)S&,)&.`)2&;+$.-(,)-.)/+'0.+,$(W

$"! I(-0$:%-&?)*$)/$:($)1NA-%%$"

P& e')$%".9()-&',)/(,)&%#2+9(,)-.)1"//X0()-()5%&'#().');%".+//"')-()#"'$%&$)-(9('$()('$%()1&%7(/+&)8('9('+,$()($)/()1"',(+/)-<6$&$)-.)#&'$"')-()8(%'()-&$4-()LA?@)#"'#(%'&'$)/&);+;/+"$2XV.()-()8('9('+,$(W)D&)9('$()&.%&+$)4$4)Y&+$()&.S%"Y+$) -() /<O',$+$.$) -() /+'0.+,$+V.() -() /<='+9(%,+$4) -() 8(%'() "s) >(-&%-S%"Y(,,&+$H)#()V.+)&)4$4)#"'Y+%74)/()S%"Y(,,(.%)Oh&%)t(%/('H) /<&#$.(/)-+%(#$(.%-() /<O',$+$.$W)6') %(9&'#2(H) +/)'<&)S&,)#"''&+,,&'#()-<.'()9+$%+'()-<(`S",+$+"'V.+)&.%&+$)4$4)%4&/+,4()($)-"'$) /()1"//X0()S",,X-()S".%$&'$) /()S/&')4$&;/+)S&%>(-&%-)(')LAKTW

!^!

0<D(*52:7,+&:$*2-71%&(5Z&Q7:",1-2&65&!$##>G-&6-^7(*:-&f:,+%&)<&\Ig<

!^"

!<./,#-&0-*1-*,2+-X&a&0()*3#+%(")*.(*4#5$(*0#'"%.)6"%77(&)(7&F(,*-7&D(7,(&F,#h-<&+7(6<&D<&0-+_&cX&,*!+%5-)-8+%()9*:X&TY&/(72&T\OWX&)<\WM\Y<

!^X

?<./,#-&0-*1-*,2+-X&01;#'*<%"%5(X&,*&!%(""(*=*>('X&!"-<(/2(*?-%"(XQ,/%&D(-G"+&.6,+-57X&!(**-2M8(7,2X&T\WY<

!^Y

!^`

!^_

!^V

.<

.`=FQR=L&?.L&!QFN.=L&?;.NiH.=.&?.&0.NJ.NRL=.&.N&Q'QLjQ<

!^^

"ZZ

"Z]

"Z!

"Z"

R&N&?&.&`&&&?&.&L&&&N&e&D&L

B9&2>%},&8>%]ZV>%]Z^>%]!]B0"@%>%=)(9$8%M%]">%Y">%V]>%]]YB+!%'$'&%M%]!>%]">%]_>%!!>%"!>%`!>%`">%`_>`V>%`^>%_Z>%_]>%_!>%_`>%VZ>%V!>%V">%VX>VY>%V_>%VV>%^Z>%^]>%]]">%]^!>%!!X>%!"Y>!"`>%!"_>%!XZ>%!X_B++!4.>%=)(9$8%M%`X>%]]V>%]!]>%]!!>]XZ>%]XV>%]YY>%]`Z>%]`_>%]V]B-9&",-&>%G)$&&$%M%`^>%VYB-:-%'!"%k/,)16m%M%`_>%`V>%`^>%VY>%XY>]]V>%]]^B-+$-5>%QH87,)1%M%_!B-%'!">%#091%S,15/9,E%M%]!>%]XV>%]Y_>]YV>%]Y^>%]`Z>%!"ZC/0&+>%R&,1T0)/$%M%]X"C/+'D&%>%L08,1-%M%]]>%]!>%]`ZC/-0&2/!+&>%K9,&8$/%M%]!>%]_>%"Z>%"]>"`>%`Y>%]Z!>%]]X>%]!]>%]"]>%]"">%]"X>]"Y>%]"V>%]"^>%]X]>%]X">%]XX>%]XV>%]X^>]YZ>%]Y]>%]Y">%]YX>%]YY>%]Y`>%]Y_>%]`]>]`">%]`X>%]``>%]_Z>%]_]>%]_!>%]_">%]_X>]_Y>%]_`>%]__>%]_V>%]_^>%]V">%]^_>%!ZZ>!Z">%!ZX>%!ZY>%!Z_>%!]]>%!]!>%!]">%!]Y>!]_>%!]^>%!!Z>%!!]>%!!!>%!!X>%!!Y>%!!`>!!^>%!"!>%!"">%!"X>%!XZ>%!YZ>%!Y]>%!Y">!YX>%!Y`>%!Y_>%!YV>%!Y^>%!`Z>%!`_>%!_Z>!_!>%!_`C&+:%$">%<$1&)%M%X_C$/%>%R&,1I%M%]">%]_>%]^>%!]>%!!>%!">%__>_^>%V]>%^Z>%]!!>%]!X>%]Y!>%]``>%]^Z>]^V>%!Z_>%!ZVC$:-%2/E%F!%M%]^XC+./2>%=)(9$8%M%_>%]^>%!Z>%!]>%!">%!X>!Y>%"`>%"_>%"V>%"^>%XZ>%X]>%X!>%X">%X`>_^>%]"">%]"XC+&'$">%D1-&+%M%]]]>%]]!>%]]">%]X!>!Y]>%!`!C+-"&'>%F')8$%M%]"^>%]XZC-2&/>%F(,6$&)1,%M%"^G/-%%/'>%G)$&&$%M%"Z>%"">%"X>%]^"GDF2$4%F!>%i)(60&%M%]`_>%]`VGD$)%FH>%l0,'%M%X_>%_X>%_Y>%]_!>!]Y>%!]`G$D&">%#$,1%M%]`Z>%]`_>%!ZXG-2!$2!>%D160)1$%M%]!

6/+E!">%K9,&8$/%M%!X6&2/#+$!5>%F35:1$%M%!Y_6&2&-I&>%*)88$/%M%X_6&++!0/>%#,(23$/%M%!!>%`]>%``>%`_>%`V>_]>%_!>%_X>%_Y>%_`>%VZ>%V!>%V">%VX>%VY>V_>%VV6&%%$"%>%*+&,&-%M%]`>%"]>%^]>%]ZZ>%]Z!>]"]>%]"`>%]"_>%]"V>%]XV>%]Y_>%]_`>%]V_>]^">%]^`>%]^_>%!XY>%!XV>%!X^>%!YZ>%!Y]>!`Z6&%#$)9&%>%i)1($16%M%XV6-"%1J#$'%M%]VVK/%')/">%D1-&$E%M%Y">%Y`>%!!_K":2&+>%L3-08B%M%!`>%YY>%_">%]Z!>%]!Z>]V!>%]^XL&D+>%#09,11$/%M%"">%"XL2/-9&+'>%*3/6,7$%M%^]>%^!>%]_XL2$-+"$H>%O9+0-0&$%M%"!>%"">%"XL+&-0>%Q)5'31-%M%]">%]^>%!">%"Z>%"]>"!>%"X>%"`>%X^>%YZ>%^V>%]Z">%]Z`>%]Z_>]ZV>%]Z^>%]]]>%]]!>%]]">%]]X>%]]V>%]]^>]!!>%]!">%]!X>%]!^>%]"Z>%]"`M/+0"&+>%Ç)88),'%<$1&H%M%]VVM&"&''&>%*+&,&-%M%]`Z>%]`_8/:@:&>%K8,3-$%M%]!>%X_>%V]8/+')/"">%F-3,&-%k701m%M%!Z>%!">%"Z8&!0&::&+>%=,&6)1%M%V!>%V_>%^]8.+/#2!'&%M%]XX>%!X`8$*F!"%>%*$&,&-%=,18$H%M%]VV>%!_!8$4&2/#,-&>%D@$8%M8-:$>%i)(60&%M%_>%]^>%"]>%X]>%]`Z>%!Z`>!YX8-)9$20'>%Ç)89$8'%k701m%M%"Z>%Y">%`!>V^>%^Z>%^]>%]^"8-+&'>%#38$/%M%"]>%]"_>%!_](%!0$+&10&1J.4!22&1M%XY>%]]V>%]]^N/"'I&">%A,&@,&,%M%V^O&+9+/'PQ+&##D!$"!>%K,69$&)1$%M%]!>!Z!O+!%'&4/>%#38),%M%`]>%`_>%]`Z>%]`_R/#/">%#,(23$/%M%^V>%]Z^>%]]V>%]]^>]^^R/*2/"'!"&>%K980+%M%]`>%"!>%Y">%]]Z>]`YR&!9"!I>%*066B&)$-%Ç)89$8'%M%V_

"ZX

R.4!PJ'+/-%%>%K8,3-$%M%]">%]_>%!]>%!!>XY>%Y`>%_Y>%_`>%__>%_V>%_^>%^">%^X>%^`>]!">%]"X>%]_Z>%]_]>%!]Y>%!"!>%!"">%!"XN/F$9%$">%L0',1%M%]`Z>%]`]>%]`_>%]`V>]_Z>%]_]>%]V_>%!"]>%!"!>%!"">%!"XN-":>%K,&8%*3/6,7%M%!Z>%!^>%YZ>%YY>%Y`>]!!>%]XXS/&'&+2!"#F>%=,3&)($%M%"]>%]"_>%]_Y>]_`S/2!"$E%F!>%A&01)/ ,E%M%]]X>%]!!S/22/+).>%Q6+49,1$%M%]!>%!Y>%"Z>%"]>"!>%^Z>%]YX>%]`X>%]_V>%]V]>%]V^>%!Z">!ZY>%!]Z>%!]]>%!]!>%!]">%!!Z>%!"Y>%!"^>!YV>%!`_>%!`^>%!_Z>%!_]S/-%%>%=,&($8%M%!">%^">%^`>%]!!>%]!XS&!22&'>%D160)1$%M%]!`S&%#D$""!#>%<$1&)%M%X>%Y>%]Z>%]X>%Y!>Y">%YX>%`Y>%_!>%VX>%^]>%^Y>%]"Y>%]"^>]XZ>%]X`>%]XV>%]YX>%]YY>%]`Z>%]`_>%]_]>]_X>%]VZ>%]V]>%]V!>%]^_>%!Z`>%!]]>%!]X>!!X>%!YX>%!`VS!2"&+>%#$,1PK8,3-$%M%]VS$"0I/!">%=,&)$P#0/+>%!`Y>%!``S$!";/+>%=09,'',-%.C,B,&%M%]"V>%]"^S$"'/!:"&>%=)(9$8%k-$m%M%!XYST22&+>%=,[%M!YU$+)/"0>%K8,3-)1$%M%!X_V/+!%>%*,/601%M%!_"V&!+#&>%K9,&8$/%Q,1-$&/%M%]]V>%]V^>]^Z>%]^">%!_X>%!_Y>%!_`V2/'$"%M%"!>%V!>%^_>%]Z!>%]Y]>%!!V>%!`YV$+'1W$H/2%M%XY>%_Y>%!]YV+$-%'>%=,&($8%M%^]>%^!>%]_X>%]_YW&0/+0>%*$0&5$/%M%!>%]"^>%]XZ>%]X]>]X!>%]X"W&4&+0H>%G)$&&$%M%]]">%!Y]W!#$&-+>%G,38%M%_!W!;;/'&++&>=)(9,$8%M]_]W!2F&>L,)1$&%=,&),%M%^V>%]X!>%]XYW&!#D>%Ç)89$8'%M%]]X

W!#D/+0>%#$,1PG)$&&$%M%^]>%]_!>%]_">!ZZ

W!)9/-0>%D&693&%M%"]>%]X">%]_!WXD&!)>%*+I,%M]]!>%]]XJ/*!+>%F-E,&-%M%]">%]X>%]_>%]^>%!!>%!">XZ>%X">%XX>%XY>%X`>%X_>%XV>%X^>%YZ>%Y]>Y!>%Y">%YX>%Y`>%Y_>%YV>%`]>%`X>%`Y>%``>`_>%`^>%_!>%VZ>%^Z>%^]>%]!!>%]!X>%]!Y>]!_>%]``>%]_^>%]^Z>%]^">%!!`>%!VZ

J/-%%-+&>%R$&-)1,1-%M%_>%]Y>%]^>%!Z>%!]>!">%!X>%!Y>%!`>%!_>%!V>%!^>%"Z>%"]>%"!>"">%"X>%"Y>%"`>%"_>%"V>%"^>%XZ>%X!>%X">XX>%X`>%X^>%Y!>%YX>%YY>%Y_>%``>%`_>%_!>_">%_X>%_^>%V!>%V^>%^Z>%^!>%^Y>%]Z]>]Z!>%]Z">%]]Z>%]]]>%]]`>%]]V>%]]^>]!Z>%]!!>%]!`>%]"Z>%]"Y>%]"_>%]X`>]Y!>%]YY>%]`X>%]`Y>%]``>%]`_>%]_V>]VZ>%]V]>%]V!>%]^Z>%]^">%]^X>%]^V>!ZY>%!Z_>%!]Z>%!]_>%!!V>%!"`>%!X_>!XV>%!YZ>%!Y!>%!Y">%!Y`>%!Y_>%!`_>!`V>%!_Z>%!_X>%!_Y>%!_V

J/-%%-+&>%L,H'01-%k-$m%M%"XJ/++/-'&>%l,69,8)$%M%]``J#D2&!#D&+>%D353/6%M%!Y>%"VJ&/+2&Y1#091%M%]Y^J'/+$9!"%F!>%#$,1%M%_>%"!>%"">%X!>%]X!>]`Y>%!X_>%!XV

ZD$)/%103B,-!"%k/,)16m%M%_Z>%VVZ$0$+$4>%OI7$6,1%M%]`Z>%]`_>%]`V>%]_Z>]VY>%]V`

Z+$-9&'IF$H>%l)(08,N%Q$&53$N$7)6(9%M]_>%_V>%^XZI/+/>%O&)/6,1%M%]]">%!YZ>%!Y][-!22&)!">%#38$/%M%`_>%VY\DH'&>%S,1($806%M%]^\D$+;>%A$1C,')1%S$$%M%]_>%YX>%YY>%YV>`]>%`!>%`">%_!>%]"^>%]``>%]^"

\!22!/)%>%Ç)88),'%K,&80/%M%!`]\!'':&"%'&!">%S3-E)5%M%]!>%Y">%^Z>]Y^>%]_X

"ZY

R&N&?&.&`&&&?&.&L&&&N&e&=&R&e&N&L

BB9&!22&%>]VXB9%'+/#'!$">V!B#'&>!^>%"`>%YX>%V]>%V`>%!`ZD(6$%-$%-)/(03&/>!Z]D(6$%8)153)/6)23$>!Z>%!X>%!`>%!V>%!^>"X>%"`>%V]D(6$/%93',)1/>!^D(6)7)6+%-3%&e7$>]]"F2'/*3%kQ,4)&m>X`F2'/*3#$%&2())#&=#':&/.:'>XX>%X`>%V]

B0.,-/'!$">!]Z>%!]X>%!YYB0)!%%!$">]]YB:&"#&)&"'>!X]B22!/"#&>!Y]%%%%D88),1($%31)23$>!X]>%!X`B2'.+!'.>]`>%!_B"/2$:!&>]!^>%!Y^D1,805)23$>"`

B"/2H%&Y1/"/2H%'&>%]!>%]">%]X>%]`>%Y^>]Z">%]"Z>%]Y_>%]`^>%]_]%D360P,1,8H/$>XX

B"'D+$*$2$:!&>]">%]_>%]V>%!Z>%!">%X`>YX>%Y^>%^X>%^`>%]]X>%]Y">%]^!D169&040805)$%9)/60&)23$%-38,15,5$>]Y">%!Z!>%!!]D169&040805)$%/6&3(63&,8$>]_

B*$+!&>V!B**+!%>]]`B+9!'+/!+&>``>%]Z!>%]!]%k7/;1+($//,)&$m>]V]D&@)6&,)&$%&$8,6)B>]Z!

B+#D/],-&>]!_%k(9$I%R&$3-m>]ZVB+#D.'H*&Y1/+#D.'H*/2>!^>%]]X>%]!">]XX%k(9$I%R&$3-m%]Z`

B+'>]XV>%]Y!>%!!^>%!XY%S?,&6%1?$/6%C,',)/%)()%23?31$%v37&$-?,&6%4,&6)(38):&$>]X^>%]Y]>%]_V>%!]]%D&6%(01/,(&+%,3[%B)(6)01/k=,88,&'+m%!]ZD&6/%-$%8,%B)53&,6)01>!X!

B++/":&)&"'>D&&,15,'$16%(,&,(6+&)/6)23$%-$/4,&6)$/%-,1/%31%6036>!X]>%!X`

B%%&)92/:&Y1/%%&)92&+>%]X_>%!X]>!X">%!XX>%!XY>%!X`>%!X_>%!XV>%!Y]>!YX>%!`]

B%%$#!/'!$"Y1/%%$#!&+>%"]>%"">%"`>%X^>YX>%YY>%]!Z>%]X_>%!!`>%!X]>%!X^>k'06)7,6)01m]Z!%k,//0(),6)B>%(9$IQ,3//3&$m>]!ZR&$)$%D//0I),6)01%kR&$3-m>"]D//0(),6)01/%40+6)23$/4$&/011$88$/>"Z>%"">%"`>%]ZV>%!YZ>!Y!>%!Y">%!YX>%!YY>%!__>%!_V

B-'$'.2!%)&>]V_>%!"]>%!"X

CC/9&2>XY>%]]V>%]``

GG/'.:$+!&%>!]>%]Z^>%]]Z>%]]]>%]X_>]`!>%]`^>%!"!%kD&)/606$m>]!>%]">%_!>_`>%VZ>%V">%VX>%VY>%V`>%^]

%%%%%K,6+50&)$/%-$%8,153$>_!>%_V>%^Z%%%%%K,6+50&)$/%-$%4$1/+$>Y^>%_!>%_V>%VXK,6+50&)/,6)01%-3%'01-$>%8,%'e'$403&%603/>]_`>%]^!>%!Z">%!"VQ$38$%$6%(01/6,16$%(,6+50&)/,6)01%-3'01-$>]^!I""&2("'#3-"./-)'-2#2*'(.&%-()kQ,4)&m>Y^Q0&6)&%-$/%(,6+50&)$/%36)8)/+$/%403&8?,1,8H/$%-3%8,15,5$%0&-)1,)&$>]X_>]Y`>%]`!>%]`^>%!ZY>%!!^>%!_^

G/-%/2!'.>]Z]>%]Z">%]]V>%]!]%%%%K,3/$/%)16$88$(63$88$/>"VG&%kQ,3//3&$m>]]`+,-./0&1-2(&'%k'016&$&%,3%8)153)/6$m%>%XX>_]

GD/,-&1;$!%1-"!,-&%k7/;(01($463$8m>]^]

GD+$"$2$:!&10-1*%H#D!%)&1D-)/!"k(9$I%R&$3-m>]]"

G2&;%10&%1%$":&%>]]]>]!]G$22&#'!4!'.>!X>%!`>%!_>%!V>%!^>%_">%_X>]^">%]^X>%]^Y>%!ZZG,&%8,%(088$(6)7)6+%kQ,3//3&$m>!_>%!V>]^X>%]^Y

"Z`

B&33(2'-9(#*%'#&=#':&/.:'%kQ,4)&m>XVG$)9!"/!%$"%>%(0'@)1$&>%!X]>%!XYG$))&>!Z_>%!_!K0''31>]^`G$))-"!#/'!$"1*$.'!,-&>]"Y>%]X^>]_]>%!"_>%!X"

G$)*/+/!%$">]!^%k7/;%)-$16)B)(,6)01m>!ZV

%%%%%K0'4,&$&>]_`G$)*2&5&103^0!*&>]]XG$)*2&5&1"-#2./!+&>]]XG$)*2&5!'.>]]ZK0'48$[)6+%23?$88$%&$(011,{6%,3[(90/$/>]ZZ>%]"`

G$)*$%&+>%(0'40/)6)01>%]X_>%!X!G$"#&*'>]!ZG$"#&%%!$"1_12/1+./2!'.>]`X>%]V]>%!YVG$"0&"%/'!$"%>]!VG$";!:-+/'!$">]X`>%!X]>%!X`ÅK01B)53&,6)01/Å%/,1/%B)[)6+%1)1+($//)6+%1,63&$88$>]X_

G$";2!'>]]XG$""->]`>%]"VD%&,)/011$&%/3&%-$/%(01(83/)01/,(23)/$/>%01%$/6%/c&%-$%5,51$&%/,1/&)/23$>%$6%-$%1n$1/$)51$&%23$%8$(0113>]ZZ

G$"%#!&"#&>!`>%"Y%%%%%K01/()$1($%-$%/0)>]`K01/()$1($%B,)@8$%$6%B35)6)7$>_>%]^>!!>%!^>%_Z>%_]>%_X>%_Y>%_^>%V]>%V">]!_%K01/()$1($%8)153)/6)23$%kQ,3//3&$m>"XF4023$%-$/%4&)/$/%-$(01/()$1($>]`"

G$"%.#-'!4!'.>!]]>%!X`>%!X_G$"'&"-10&1*&"%.&>``G$"'+&P)$"0&>!]!>%!]">%!YVG$"4&"'!$">!_>%!V>%]X^>%]YZ>%]Y]>%]_Y>]_V>%]^]P]^X>%]^`>%!Z]>%!ZV>%!!_>!!V>%!X!>%!Y^%k(9$I%Q,3//3&$m>]^"%S,%&+,8)6+%',/23+$%4,&%8,(017$16)01>]_Y%S?e6&$%4&0B01->%(,(9+%&$(037$&6%-$/(017$16)01/%/0&-)-$/>]_Y

G$"4&+%!$">%%%%%K017$&/)01%-3%40)16%-$%73$>X>%Y>%^>]Z!>%]"`>%]`_P]`^>%]_Y>%!_^S,%(017$&/)01%$/6%,(9$7+$>]Y!

G$+*%>!`VG$++&%*$"0/"#&%k/m>]!>%"Z>%"]>%"`>%X_>]X">%]XV>%]`X>%]_^>%!ZV>%!!X>%!Y]>!Y">%!YX>%!Y^

G+/'H2!%)&>%]Z!>%!]Z>%!!V>%!`VG+./'!$">!VK0''$%\%8,%(&+,6)01>!ZVS$%40:6$%(&+$%8,%&+,8)6+%)1-)7)-3$88$>)1/6,16,1+$%-016%)8%4,&8$>]^]>%!_!

+"&'&3(1-4'/%5-)2-1(*6/(6,%kQ,4)&m>%Y^G+!'!,-&1'D.)/'!,-&>]_!G-9!%)&>]X_+/1'/"(1-%,7)4&'4%kQ,4)&m%YZ>%YX>%YYG-2'-+$2$:!&Y1#-2'-+$2$:!,-&>(3863&08053$>%]">%]`>%]_>%_]>%]Z`>]]!>%]]`>%!]X>%!]`P!]^>%!!]

68,,7,"%kQ,4)&m>YZ>%Y">%Y_6.2!4+&>%/$%-+8)7&$>%V^>%]]Y>%]!Z>%]!V8,7)4&'4%kQ,4)&m>YY6.%!:"/'!$">]]V%k7/;%/)51)B)(,6)01m>]]Z6.%!+>]!V>%]!^6&%'!".&1*$%'D-)&>!Y`>%!V]6.4$!2&)&"'>!XZ%%%%%.+70)8$&%k7/;%&+7+8$&m>]_Y6!/2$:-&>]`>%^_>%]]_>%]!^>%]VX>%]^V>!ZY>%!]X%a%8,%&$8,6)01%-$%8?,1,8H/6$%,3%/3C$6>($88$%-3%-),8053$%b>]ZX

6!*D$"&>!X_6!%#$-+%>]X>%]!^>%]X`>%]^">%!Z"kQ,3//3&$m>]Z!K?$/6%($%23?01%4$36%,-%(%23)%-+8)')6$$6%0&5,1)/$%($%23?01%4$36%4$1/$&>%V^

6!%*$%!'!$">]X`>%!X]>%!X`6$">!ZZ>%!"^%%S?31$%$6%8?,36&$%/016%-011+$/;%=,)/,3//)%8?31$%$6%8?,36&$%/016,44&)/$/>!ZZ.011+%k$6%,(23)/m>]]_.011$&%8?+'06)01%k7/;%-+(&)&$m>]_^>!"^

6$-92&>!Z_>%!_!6$-92&14.+!'.>Y`>%_]6H"/)!,-&>%`Y>%]!VP]"!>%]XX>%]XY

KK#$-'&>X!>%]]]

"Z_

K0-#/'!$">X]>%]!">%]!_S$%40:6$%+7$)88$%8$%/$16)'$16>+-323$%8,%o%4$&($46)01>]^]

K;;!#!&"#&>]ZXK!#/%/"'>!]]>%!`Y>%!`_F)(,/+>!`Y>%!`_F)(,/'$>%!]]>%!`Y>%!`_4>!`X>%!`Y>%!``>%!_"

K)$'!$">]Y>%]"">%]_Y>%]__>%]_V>%]_^>]^]>%!]!>%!]X>%!!!>%!!">%!"_>%!"V>!"^>%!XZ>%!X]>%!YY>%!Y`>%!YV>%!`Z>!`]>%!`_>%!_">%!_X>%!_`%k$6'06)7,6)01m>!YYS,%40+/)$%$/6%8,%7$&@,8)/,6)01%-$8?+'06)01>!XZS,%40+/)$%$/6%31%8,15,5$%(9,&5+-?+'06)01>!`]

K)*!+!,-&>!!>%`V>%`^>%_Z>%_]>%_Y>%VY>V`>%V_>%VV>%^Z>%^_>%]ZXF'4)&)/'$>`V>%`^>%VX>%V_f&5,1)/'$/%$'4)&)23$/>^_R,)6/%$'4)&)23$/>^^>%]Z]>]ZX

K"&+:&!/>"Z>%V^K"%&!:"&)&"'P+&#D&+#D&>X]K%'D.'!,-&>!"Z>%!"Y>%!"_>%!"V>%!YYK'D"$/"/2H%&>]"K'D"$#&"'+!%)&>_YK4&!2>]_Y>%]^]>%!_^U1%+7$)8>%31$%&+($46)7)6+>]_`>%!"_>!_^

K4."&)&"'>!Z^F7+1$'$16%+7,103)//,16>]VY>%]V_>!"V

K4$#/'!$">]`X>%]_">%!!]>%!"^>%!`_>!`V>%!`^>%!_ZF7023$&>]!Z>%]_`>%]__>]_^F7023$&%4$6)6%\%4$6)6%31%0@C$6k=,88,&'+m>!_]F70(,16>!`V

K5*.+!&"#&>]X>%]Y>%!!>%VX>%]]_>%!Z`>!!!>%!"Z>%!_^1N$(%-("2(%kQ,4)&m>X"F[4+&)$1($%1$37$%-3%'01-$>!XZ

K5*2!#!'/'!$">]XP]`K5*+&%%!$">V`F[4&$//)01%,&6)/6)23$>%/+',16)23$k/,1/%/+')06)23$m>]XVF[4&$//)01%-)/6)1(6$>!!>%_Z>%_]>%VY>V`>%V_F[4&$//)01%+5,8$'$16%1$37$>%!XZ

LL/!+&%k7/;%-)&$m>!"`L/!'%1&)*!+!,-&%>^^>%]Z]>%]ZX9,,1&*6-2)"-2)"$%kQ,4)&m>Y"L!#'!$"%k=,88,&'+m>%!]Z($66$%B)(6)01%-$7$1,16%/34&e'$&+,8)6+>!Z_>%!Z^>%!Y]

L!:-+&%>]]VR)53&$/%1$37$/>!]]>%!X`>%!X_

L!5&+>!_%k$1%31$%)1/6)636)01m>%]X^>%]Y]>]Y!>%!X!>%!`"k7,8$3&m>!Vf$37&$%B)[+$>]XYQH/6:'$%B)[$>]Y]S,%106)01%-$%&H69'$%$/6%B)[+$>]Y]

L$2F2$+&>]!!L$"#'!$">R01(6)01%-$%13'+&,)&$%B,()8$%$6&$4&+/$16,6)7$%k=,88,&'+m>%]`X>%]_V>]V]>%!]Z>%!]!>%!]">%!YVR01(6)01%40+6)23$%k#,d0@/01m>]`]>]V_>%!"]>%!"!>%!"XR01(6)01%4&,5',6)23$kA$17$1)/6$m>!!V>%!"YR01(6)01/%4/H(90805)23$/#315>Y`S,%8,153$%1?$/6%4,/%31$%B01(6)01%-3/3C$6%4,&8,16>_">%_X

L$"#'!$""&)&"'>S?0&)5)1$%-3%8,15,5$%$/6%-,1/%/01B01(6)011$'$16>]^V

L$+)/2!%)&Y;$+)/2!%'&%X_>%Y!>%!]]>``>%]`_>%]`^>%]_V>%]V]>%!"!>%!Y`R0&',8)/6$/%&3//$/>]`_>%]`V

L$+)&>]Y>%XY>%X`>%XV>%Y!>%``>%]ZX%k$6',6):&$m>!X`R0&',8%/$6%0B%69$%8,153,5$kQ,4)&m>YZ>%Y]>%Y`R0&'$%-$%8,15,5$>Y">%^Y>%]]_>%]X`>]`V>%]`^>%]_X>%!]!>%!"V>%!"^>%!Y">!YY>%!`!%kA$17$1)/6$m>]`V>%!"^R0&'$%-$%7)$>%!Z>%!^>%XZ>%X">%X`>%XV>]Y>%Y">%_V>%^Y>%]]`>%]]_>%]X`>%]`Y>]_X>%!]!>%!"V>%!Y">%!YY>%!Y`>%!`!%R0&'$%-)/6)1(6)7$>!X]>%!X`

%%%%%S,%B0&'$%23?)8%-011,)6%\%/,%4$1/+$4&$/23$%\%8?)1/6,16%0g%$88$%C,)88)//,)6-$%/01%($&7$,3%k/,3//3&$m>%]Z>%]`YS,%8,153$%$/6%B0&'$%101/3@/6,1($>`_>%]Z]>%]V]

"ZV

R0&'$P/$1/>"^>%X^>%V!>%]V!>%!!Z>!`_T&%7`=((3-".>]Y>%"^>%X">%X`>%X_>%X^>`YR$$8)15%B0&%B0&'>Y"R0&'%0B%6903596%kQ,4)&m>`YR0&'/%0B%6903596%kK90'/dHm>!]`

MM.".+/2!%/'!$">^YM&"@%&>``M2$9/2!'.%k7/;%606,8)6+m>!X^M+/))/!+&>]!>%]X>%]V>%_]*&,'',)&$%-$%8,%40+/)$k#,d0@/01m>!""*&,'',)&$%49H/)0805)23$>"V*&,'',)&$%40+6)23$>]`">%]`X>%]_Y>!Z">%!ZX>%!]">%!]^>%!!^%k7/;5&,'',)&$%10&',6)7$m>!ZXS?0&)5)1,8)6+%-$%8,%5&,'',)&$40+6)23$%-$%A,3-$8,)&$>%Y>%]_Y>%!ZX*&,'',)&$%/+',16)23$%k0340+6)23$%pm;>]YX*&,'',)&$%/+',16)23$%03%40+6)23$>]_">%!]]>%!]!*&,'',)&$%31)7$&/$88$>X_>%_X>%_Y>!]`S,%5&,'',)&$%(03&6%,4&:/%8$-)/(03&/%k=$/(9011)(m>_V>%_^

M-!22&)&'%>]Z`

88!%'$!+&Y1D!%'$+!&">%]_>]^>%!Z"<)/60)&$%-$/%)-+$/>V">%^Z>%]`Z>%]`!>]_YK$%8,15,5$%23)%B,)6%8?9)/60)&$>`_>%^Z>^Y>%]Z]>%]X_>%]Y_>%]``>%]_Z>%]VZ>]V]>%]^!>%!ZY>%!!^>%!_^

8$))&><0''$%-,1/%8$%8,15,5$>%]_>]V<0''$%4,&8,16>^_S$%8,15,5$%$1/$)51$%8,%-+B)1)6)01'e'$%-$%8?90''$>]_>%^_>%]]Z>%]^_>!]V

8$+%10-12/":/:&>%(?$/6%8,%1+@38$3/$%-$Q,3//3&$>!Y_<0&/%-3%/)51$>]!Z>%]V!>%]VY>%]V_>!"]>%!"X

8H*$:+/))&>""

8H*$'D@%&1J/*!+P\D$+;>YX>%`Y>%_!>]^"

((#$"&>]V^>%]^Z>%]^]>%!Z!>%!!!>%!!">!YY>%!`">%!`X>%!``>%!`_>%!_!>%!_X>!_Y>%!_`%k(9$I%G$)&($m%]^Z>%!_XJ(01)/,16>!YZ>%!`X

(0&"'!;!#/'!$">!XZ>%!`_>%k)-$16)B)(,6)01-$%8?+70(,16%\%8?+7023+m%!`VS,%40+/)$%$/6%)-$16)B)(,6)01%-$%8,',6):&$%8)153)/6)23$%\%8,/)51)B)(,6)01%-$/%'06/>]^]>%!X`>%!`_

(0$2&>]V^>%!`Y>%!``(22!)!'.>]Y]()/:&>!!!>%!`">%!`X%k$6%Å)')6$&Åm%!`Vk/3&&+,8)/'$m%]]"%k4/H(9,1,8H/$m]]VJ',5$%,(03/6)23$%kQ,3//3&$m>"">%YY>]!Z>%]V]>%!XV>%!_ZQ)'48$%(0''31,36+%-n)',5$/,3-)6)7$/%kQ,3//3&$m>]!ZJ',5$%'3/(38,)&$%kQ,3//3&$m>%"">!`^S3'):&$%-$%8?)',5$%kA&$601m>!`!J',50>!`Y>%!``

()!'&+Y1!)!'/'!;>!`V())&"%.)&"'>]Y`>%]`]())$'!4.>]Z!>%]!]()*&+#&*'!92&>]^>%!Y>%"]>%"`>%"_>%`Y()*&+%$""&2>!Z>%!X>%!`>%!V>%!^()*+.0!#'!92&>"]>%XZ>%]]`>%]!]>%!]_>!XZ

()*+&%%!$">!YVJ'4&$//)01%-$/%/$1/>!"YJ'4&$//)01/%/3@)$/>!Y_=0H$11$%-$/%)'4&$//)01/,(03/6)23$/%90&/%-3%6$'4/>X!>%>%!X_>!XVJ'4&$//)011)/6$/>"!

()*+.4!%!92&>]Y]:*-%&;,"4)4-4&6*)"/$-4)*)4-</$(*($%&;&%,",'-4)3&,'(',$>XY>%]]^

("#$""->]`>%]V>%"Z>%"X>%]"Vkq,36&$m>]VX>%k<350m>_>%]^

("#$"%#!&"'>!]Y>%!]`%k/6&3(63&,8)/6$m>!]>%!!>%XY>%_X.,1/%8?)1(01/()$16>]Z`>%]Z_J1(01/()$''$16>!!>%`^>%_Z>%_]>%V">V`>%V_>%VV>%]!^

"Z^

%J1(01/()$1($>"`>%`V>%VY>%V_J1(01/()$16%(088$(6)B>!Z>%!^>%YZ>%YYJ1(01/()$16%8)153)/6)23$>!]>%YZ>%Y_>YV>%_X>%_Y>%__>%VZ>%^Z>%^X>%]Z`>%]!!>]!X>%!]`J1(01/()$16$%(0''$%6036%($%23)603(9$%,3%8,15,5$>_Z>%VZ>%V!G"2&")2-&/)#&%-.-"%kA0,/m>_VG"2&")2-&/)#K*''(%"-".#&=#8(:*9-&%-"#>&2-('Q%kQ,4)&m>_>%]">%]X>%]`>%X">YZ>%]!!>%]!X>%]!Y>%]_^>%!VZ

(";!)&>]^>%`Y>%!ZZ(";+/P2!":-!%'!,-&>]ZY>%]!_>%]!V:*43(7,%k<04d)1/m]VV>%!_!("%'!'-'!$">]`>%]Y]>%]`!>%]^">%!Z!>!Z">%!]Y>%!!V

("'&22!:&"#&>!]>%!Y>%!^>%X]("'&"'!$">V]J16$16+>!XV.$%8?)16$16+>%-$%($%23$%8$%80(36$3&7$36%-)&$>%-$%8?,(63,8)/,6)018)153)/6)23$%-$%/,%4$1/+$>!`ZJ16$16+%,BB$(6)B>!`ZJ16$16+%-?+'06)01>!`ZJ16$16+%+'06)B>!`ZJ16$16+%40+6)23$>!`ZJ16$16)011,8)6+>]!V>%]!^>%]"ZJ16$16)011$8>V^>%]!V>%]"Z

("'.+!&-+>S,%40+/)$%$/6%31$%8,153$%)16+&)$3&$%\8,%8,153$>%!!!>%!!YF1%40+/)$%8$%&$B+&$16%$/6%\%8?)16+&)$3&-$%8?$[4&$//)01%%23)%8$/%+101($>]VY>]V_D%-+(037&)&%D%S?JlOFLJFUL%-?31$(0'40/)6)01>%!`"S$%/H/6:'$%23)%/?+101($%\%8?)16+&)$3&-?31$%(0'40/)6)01%B$&'+$>%]YZ>

("'.+!$+!'.%kq%/3@C$(6)7)6+m>!!Y("'&+*+.'/"'Y1!"'&+*+.'/"#&>]_>%]V>!!>%]ZX>%]ZV>%]X^S,%8,153$%$/6%8?)16$&4&+6,16%-$%8,/0()+6+>]ZZ>%!]_S,%8,153$%$/6%8?)16$&4&+6,16%-$%603/8$/%,36&$/%/H/6:'$/>]YZ>%!XY>%!YVS,%8,153$%$/6%8?)16$&4&+6,16%-$%603/8$/%,36&$/%/H/6:'$/>%8)153)/6)23$/%$6101P8)153)/6)23$/>]YZ>%!YVL+P)16$&4&+6,6)01/%kA0,/m>!]>%_V>]Y!>%]^V>%!Z_

("'&+%-9`&#'!4!'.>!V>%]^^("'+/P2!":-!%'!,-&1a,1,8H/$m>Y>%]Y"("'-!'!$">]Y>%!!>%!Y>%"X>%X">%X_I"'/-'-9(#/()$1($#&=#(N$(%-("2(kQ,4)&m>!!>%XX>%X_>%XV

("4!%!92&>]^>%]_`>%!"_%k<350m>%_>%]^

NN/)/!%P&"#$+&P*&+<->]^]>%!"VN&-510&1)$'>]!"N$!&>]X>%!VZN$!"0+&Y1`$"#'!$">%!X]>%!XY

RR/":/:&>S,15,5$%)(01)23$>]"">%!ZX>%!YZ>!`!>%!`">%!`_>%!_`S,15,5$%0&-)1,)&$>]X_>%]V">%!_^P!V]S,%40+/)$%$/6%-,1/%8,%8,153$0&-)1,)&$>!!`S,15,5$%40+6)23$>]!>%!V>%]"!>%]"X>]XZ>%]X_>%]X^>%]YZ>%]Y]>%]Y`>%]Y^>]`Z>%]``>%]`_>%]`^>%]_V>%]_^>%]VZ>]V!>%]V">%]VY>%]V_>%]V^>%]^Z>%]^]>]^`>%]^V>%!Z!>%!Z">%!ZX>%!ZY>%!Z`>!Z_>%!]Y>%!!!>%!!">%!!X>%!!Y>%!!`>!!_>%!!V>%!!^>%!"Z>%!"!>%!"X>%!"Y>!"`>%!"_>%!"V>%!"^>%!YZ>%!Y]>%!YY>!Y_>%!`Z>%!`]>%!`!>%!`">%!`V>%!`^>!_Z>%!_]>%!_!>%!_"

%%%%S,15,5$%&+B+&$16)$8>]``>%]_^>%!YZR/":-&>S,153$%-$%A,3-$8,)&$>]Y">%]YY>%]``>]_Y>%!Z">%!ZX>%!!Z>%!"">%!Y`S,153$%0&)5)1,)&$>!YS,153$%40+6)23$>]X_S,153$%31)7$&/$88$>!YS,153$P(3863&$>!Y>%`Y>%_^S,153$/>]]ZS,153$/%&+$88$/>^_>%!Z`

R/'&"'>!!>%X">%XX>%X`>%X_>%XV>%]XXÅS$/%)-+$/%8,6$16$/%-3%8,15,5$ÅkA&+,8m>X"f4+&,6)01%8,6$16$%-$%8?$/4&)6kQ,3//3&$m>X"=H690805)$%8,6$16$>]XXO9$%8,6$16%(016$16%0B%,88%8,153,5$/kQ,4)&m>X`>%X_

"]Z

R&#'-+&Y12!+&>%]!>]X`>%!Y">%!YX>%!_]S$(6$&3&P,3-)6$3&>!X"S$(6)0%-)BB)()8)0&>X8$(63&$%$[($//)7$>V]8$(63&$P+(&)63&$>!]]>%!Y`S$(63&$P+(&)63&$>!]]

R.:&"0&>!Y>%]]!>%]!!>%]!">%]XX>%]XYR&%1GD/'%>]_Z>%]_]>%!"!R!9&+'.>]X>%Y^>%]_V>%!X!S)@&$'$16>]X^<*%.(%#=%((,&7#&=#3&Q*3'QkQ,4)&m>]X>%!VZ

R!"./+!'.>X!>%]Z">%]X`R!":-!%'!,-&>8)153)/6)23$%-$%8,%40+/)$>!!">%!!X>!!`>%!"`>%!"V>%!`"8)153)/6)23$%-3%/)51$>]X^>%]Y!S)153)/6)23$%$6%8)66+&,63&$>]`Z>%]`]>]`_8)153)/6)23$%5+1+&,8$>"^

R!''.+/+!'.>]_ZR$!%k(9$I%G$)&($m>]^]>%k-3%8,15,5$40+6)23$>]X_S0)/%)16$88$(63$88$/>"V>%XZS0)/%,7$358$/>"^S0)/%4901+6)23$/>"_S0)/%/H16,(6)23$/%$6%'0&490805)23$/kS+7)PQ6&,3//m>^X

=)5(1'5%kQ,4)&m>]Y

SS/"!@+&>]"]%k$6%',6):&$m%!XX>%k/,',1):&$m]"]>%!XX

S/'.+!/->!XXS/'D.)/'!,-&%>X^>%Y]>%Y">%Y`>%`"S/'!@+&>!X"%k$6%',1):&$m>]"]>%!XXS.'/2!":-!%'!,-&kB,(386+m>]YYS.'/%.)/"'!,-&>Y>%]Y">%]YY>%]`Y>!Z">%!!]

S.'D$0&>^^>%]ZZ>%]!`>%]`]>%!ZYS!2!&->=)8)$3%93',)1%kA$17$1)/6$m>]^Y=)8)$3%/0(),8%kQ,3//3&$m>]^Y

S!)&%!%>"!S!+$!+>!_!S$0&10&1%!:"!;!#/'!$">]"X>%]`"S$"0&>U1%90''$%4,&8,16%23$%103/6&03701/%-,1/%8$%'01-$>^_>%]]Z>]^">%]^Y>%]^_>%!]V

=01-$%4,&6)(38)$&>%4$&/011$8>!]X>!!]

S$"'+&+1/-12!":-!%'&13,-./0&1-2(&'>XX>]!`

S$+*D$2$:!&>"Y>%XX>%X`>%XV>%X^>%Y!>%`"S$'1*+$*+&>]V^>%!_!S$'!4/'!$">]Z!>%]Z">%]]V>%]!Z>%]!V>]!^>%]"Z%k$6%+'06)01m>!YY%k7/;(,3/$m>]Z!.,1/%8,%'06)7,6)01>]Z_=06)7,6)01%)1(01/()$16$>]Z`>%]ZV>]"Z=06)7,6)01%&$8,6)7$>]Z!>%]!]>%]"Z

S$'%1*+!)!'!;%>]ZVS-%!#!&">%S-%!,-&>]]>%]!>%Y]>%Y">]YZ>%]_Y>%!X">%!XY>%!Y">%!YV>%!Y^

SH'D&>XY>%``>%]]]>%]]!>%]]X>%]!^>%]"!=H690805)$%8,6$16$>]XX

UU.:/'!$">]]YS,%1+5,6)01%$1%Ñ3(9)>]]Yl+5,6)B>]]X

U.$P:+/))/!+!&">"_>%"^>%XZU.$2$:!%)&%>"Y>%!]X>%!Y!>&<&1-,4'-&*-1&*6/(-./)%-*)*-7"&/42/,"&'-&*-)"('&)*,>]X>%`^>%!Z`

U$)>l0'%4&04&$>]V^.+10')1,6)01/%&$(&+,16$/>]V^>%!!_>!`^>%!_!l0')1,8)/'$>%10')1,8)/6$>%]VV>%!Z`>!_!%k7/;%&+,8)/6$>%(9$/=$/(9011)(m>!Z`l0''$&%k=,88,&'+m>%"Z>%"]l0''$&%kD-,'m>``>l06&$%4&$')$&%4:&$%D-,'%,44$8,164&:/%-$%83)%8$/%-)7$&/%,1)',3[%$6%8$3&-011,16%\%(9,(31%8$3&%10'>]_V>%]^"l0''$&%31%0@C$6>%(?$/6%/344&)'$&8$/%6&0)/%23,&6/%-$%8,%C03)//,1($%-340à'$%23)%$/6%B,)6$%-$%-$7)1$&%4$3%\4$3>!_]S$%8,15,5$%40+6)23$%7$36%-?,@0&--)&$%-$/%e6&$/>%8$/%10''$&%-,1/%8$3&/)1538,&)6+>!_!l0'$1(8,63&$>YY>%``>%]]Z>%]VZ>%]V]>]V^>%]^">%]^X>%!Z]>%!]Z

U$+)&>!X"U$H/-Y1-#2./!+&>]]X

"]]

QQ9%#-+%k<350m>_>%]^%kA&+,8m]"">"_f@/(3&+'$16>_>%X]>%V^>%]!V>%]"Z>]"]>%]"!>%]"">%!XX

Q"'$2$:!&>`V>%`^>%VYQ*.+/'!$">f4+&,6)01%8,6$16$%-$%8?$/4&)6kQ,3//3&$m>X"f4+&,6)01/%-$%8,%4$1/+$>!!>%_Z>%V!f4+&,6)01/%23$%103/%,((0'48)//01/403&%4,&8$&>_>%]^>%!!>%!^>%_Z>%_]>%_X>_Y>%_^>%V]>%V!>%V">%]!_

Q+0+&>!X`<0&/%-$%8?0&-&$%-,1/%8$%6$'4/%23?0168$/%+8+'$16/>"!>%X!>%!X_>%!XV<0&/%-$%8?0&-&$%8)1+,)&$>"!>%X!>%!X_>!XV

Q+:/"!%/'!$">]X`Q+!:!"/2!'.>f&)5)1,8)6+%-$%8,%5&,'',)&$%40+6)23$-$%A,3-$8,)&$>Y>%]_Y>%!ZXf&)5)1,8)6+%5&,'',6)(,8$kG&03/6m>]_X>%]_Y

Q+!:!"&>k(9$I%R&$3-m>%]Z`>%]ZV>%]Z^>%]]"

% k7/;%B01(6)011$'$16m>]]">%]^Vf&)5)1$%-3%8,15,5$%kQ,3//3&$m%>!Y>"^>%!Z_f&)5)1$/%-$%8?$[4+&)$1($8)153)/6)23$>]]Z

V!(17(?&1&'5-)2-4&6*4%k#,d0@/01m>!"]V/+/0!:)&>!YZS$%4,&,-)5'$%$/6%'+'0&)$8%$6+'06)011$8>!YZ>%!Y!>%!YX

V/+/:+/))&%>!Z>%"Z>%"!>%"">%X!>%Y_>]Z_>%]]]>%]"Y>%]X`>%]`X>%!]Z>%!!V>!X_>%!Y!>%!`V

!("(4&'&3-/7)*-&'4-*)"$(1-/4,kD3/6)1m>]YV

V/+$"$)/%&>]ZYV/'D@)&>!YZ>%!YY>%!Y`>%!`Z>%!`X!('',"*%kQ,4)&m>]Y>%]!XK*''(%"-".%kQ,4)&m>]X>%X">%YZ>%]!X>]!Y>%]_^>%!VZ

V&!"'-+&>]YZ>%]_Y>%]V^>%]^]>%!X">%!XY>!XV>%!`">%!`X

V&"%.&P%$">"">%"^>%]!Z>%]V!>%!!V>%!`V>!_Z

V&"%&+1!)/:.%kOI,&,m>!YZV&+;$+)/'!;>!"ZV&-1_1*&->!_]VD!2$%$*D&Y1*D!2$%$*D!&>%]V>%YV>%`_G9)80/049)$%,1,8H6)23$>]Y^>%!"ZG9)80/049)$%-3%8,15,5$0&-)1,)&$>]Y^G9)80/049)(%7$&@,8)/'%kQ,4)&m>Y^

VD$"$2$:!&>_VVD+/%&>]Y">%!Z!D7$(%8,%49&,/$>%31$%8)')6$%$/6B&,1(9)$>%!X^S,%49&,/$%$/6%8?31)6+%-3%-)/(03&/>!X^

V2/'$"!%)&>^YV$@)&>]!>%]!^>%]Y!F1%40:'$>!XZG0:'$%-$%8,%4$1/+$>X>%]!

V$.%!&1%/"%1+.*$"%&>]"YV$.'!,-&>"!>%]X`>%]Y]>%]Y">%!Z!kq/+',16)23$m>]YXk7/;%(01($463$8m>]X^k7/;%4&,5',6)23$m>!"Yk7/;%&9+60&)23$m>!"`S,%40+6)23$%kA$17$1)/6$m>!"`G0+6)23$/%kq%(&+,6&)($/m>!!XG0+6)23$%-$%8?+(,&6>!ZX

V$!"'10&14-&>X">%^Y>%]!`>%]_]>%!ZY>!!`S$%40)16%-$%73$%KLFF%8?0@C$6>%XX>Y`>%^Y>%!ZY

V+/:)/'!,-&>]"ZG&,5',6)23$%-3%8,15,5$%40+6)23$>!]^>%!!X

V+.).0!'/'!$">!`>%"Z>%X!>%_">%V^V+.'&"0-%10$#'&-+%1&"12/":/:&>X!V+!)!'!;%k(9$I%R&$3-m>]Z`>%]ZV>%]]"V+$92@)&k/m>]ZZ>%]"`>%]"_>%]"V>%]`!>!ZY>%!]X%kQ,4)&m>Y!

V+$;$"0Y1*+$;$"0&-+Y%V>%]X">%]_!>]_Y>%!!`/0)%8$%483/%4&0B01->!ZZa%Q6&3(63&$/%4&0B01-$/%-34/H(9)/'$b>]ZY>%]Z`>%!__K%&=&",(/%#,(#8*/,(3*-%(%k#$,1PG)$&&$%L)(9,&-m>%]_!

V+$`&#'!$">]">%]V>%YV>%]ZV>%]]Z>%]]V>]!^

V+$*$%!'!$">VY

"]!

V%H#D/"/2H%&Y1*%H#D/"/2H%'&>%>]]>]!>>]V>%]^>%!]>%!">%"X>%^VP]"">%]^^

V%H#D!,-&>YX>%YYV%H#D$2$:!&Y1*%H#D$2$:!,-&>%XZ>%YX

bb-/2!'.10&1%!:"!;!#/'!$">]Y_>%]`!>%]`X>]``

b-&2#$",-&%kQ,3//3&$m>]]`>%]!Zb-&2,-&1#D$%&103/-'+&>]]`>%]V">%]VX>!`"

b-&2,-&1#D$%&1&'1"$"1*/%1+!&">]]`b-&%'!$">z3$/6)01/%-?,&6%É%6$&&,$)1(051)6,$>]"`

WW/**$+'>L,440&6%-$%'06)7,6)01>]Z]>%]Z">]ZX>%]!]>%]"Z

W/**$+'%1/%%$#!/'!;%%kQ,3//3&$m>X^W/**+$#D&)&"'>L,44&0(9$'$16%-$%-$3[%&+,8)6+/%483/03%'0)1/%+80)51+$/7kL$7$&-Hm>!Y]

%%%%L,44&0(9$'$16%-$/%(016&,)&$/>]]"L,44&0(9$'$16%$1%23$823$%/0&6$B0&63)6%-$%-$3[%6$&'$/>!`!

W/'-+&>]_YW./2!%.%k7/;%&$4&+/$16+m>^_W./2!%)&>]V>%"Z>%"]>%"!>%X_>%_!>%_Y>%V!>V">%^X>%^`>%]Y`>%]`X>%]``>%]_`>%]_V>]V]>%]V">%]VX>%]^Z>%!Z_>%!ZV>%!]Z>!]!>%!]`>%!"]>%!X^>%!`V

W./2!'.Y1+.&2>!V>%]Z]l03/%4,&801/%\%-?,36&$/%23)%4,&8$16>6$88$%$/6%8,%&+,8)6+%93',)1$>]VX

%%%%%L+,8)6+%k7/;%7+&)6+m>]_YL+,8)6+%-$%8,%8,153$>!!>%_Z>%_!>%_X>_Y>%_`>%_^>%VZ>%V]>%V^L+,8)6+%)1-+B)1)'$16%(&++$%4,&%8$40:6$>!ZV>%!]]L+,8)6+%)1-)7)-3$88$>%)1/6,16,1+$>]^!

%%%%%L+,8)6+%40+6)23$%kOI,&,m>]]"%%%%%ÅL+,8)6+Å%23$%8$%40:6$%)1/6)63$>!]X%%%%%L+,8)6+%/$(01-$>!]X%%%%%Q34&e'$%&+,8)6+>!ZV%%%%%L+,8)6+%/34&,)1-)7)-3$88$>!V>%!ZZL+,8)6+%6&,1/)1-)7)-3$88$%-3%/3C$6k%S,(,1m>]^^

K01($//)01%\%8,%&+,8)6+>]`X>%]V]>%!YVS$%8,15,5$%&$P4&0-3)6%8,%&+,8)6+>]"">]^^>%!_`

%%%%K$%23)%$/6%&+$8>%(?$/6%($%-016%8$//3C$6/%4,&8,16/%016%(01/()$1($%\%31-$5&+%23$8(0123$%kQ,3//3&$m>"Y>%X!>V^>%]]`>%!Y`

W.#!'>]ZXW.;.+&"#&>]VZ>%]VY>%!!X%U1$%)1/6,1($%-$%-)/(03&/>%$6%23)%1?,-$%&+B+&$1($%23?,(63$88$>!Z]J8%(&+$%,3//)%8,%&+B+&$1($%\%8,23$88$/01%$[4&$//)01%&$170)$>!XZL$B+&$16>]_^>%]V!

W&;2&'>!_!W&;$-2&)&"'>]]XW.;+/#'!$">!_"W&:/+0>]">%"]>%"!>%_]>%]XY>%]Y]>%]Y">]Y_>%!"!>%!_"

W&2/'!$"Y1W&2/'!;>%]`>%]!^>a%Q$16)'$16%b%-$%&$8,6)01/>%X^Q()$1($%-$/%&$8,6)01/%$6%-$/-+-3(6)01/>]Z]L$8,6)B>L$8,6)7)/'$>]!`L$8,6)7)6H%0B%69$%B0&'%0B%6903596>%`YL$')/$%$1%23$/6)01%-$%6036%8$40370)&%/)51)B),16%6&,-)6)011$8%-38,15,5$>]Y`>%]Y_>%]`!>%]`Y>%]``

W.*.'&+Y1+.*.'!'!$">]VX>%]^Vkq&$(0''$1($&m>!Z^K$83)%23)%&+4:6$%($/%7$&/%,((:-$%\($6%31)7$&/%/$(01->]^`>%!ZV>%!X"

W.*$"0+&%k-),8053$m>]VX%%%%L+401/$>]"`>%]X^S$/%4,&B3'/>%8$/%(038$3&/%$6%8$/%/01//$%&+401-$16>]XV>%!YX>%!Y^

W&*+.%&"'/'!$">"!L$4&+/$16,6)01%,1)'+$%$6%-H1,')23$-$/%+8+'$16/>]XXL$4&+/$16,6)01/%(088$(6)7$/>]!">]!X>%]!`

%%%%L$4&+/$16$&>]]`%k7/;%-+(&)&$m>]_^W&%%&)92/"#&Y+&%%&)92&+>%]]]>%]!Z@,44,$?1,%k(9$I%G$)&($m>%!_YWc4&>%"!>%]ZV>%]]Z>%]]]>%]]!>%]]">%]!">]!^>%]_Y>%!]Z

W.4$2-'!$">

"]"

L+70836)01%-$%7)/)01>%-$&$4&+/$16,6)01%-3%'01-$kG&03/6m>]_XÅS,%L+70836)01%-?,@0&-%$6603C03&/%áÅ>%]X!

WD/*%$0!&>V"WD.'$+!,-&>]!^i)$)88$%&9+60&)23$>]"Z

W!)&>]X_>%!X^>%!YZF6,@8)&%31%8)$1%(01($463$8%$16&$%8$/'06/%23)%&)'$16>!X^

WH'D)&>]X`>%]Y]>%!X]>%!X`d >]X`>%!X]>%!X`

JJ#D!I&>!]>%]]_>%]V`>%!]X>%!`VJ#!&"#&>^^>%]Z]Q()$1($%-$/%&$8,6)01/%$6%-$/-+-3(6)01/>]Z]Q()$1($%9)/60&)23$>!X>%!Y>%"_>%"^Q()$1($/%1,63&$88$/>!X

J#-2*'&-+>!X"J&#$"0>L,)/011$'$16/%/$(01-,)&$/>!]>%__>_V>%]Y!>%]^V>%!Z_L+,8)6+%/$(01-$>!]X

J.)/"'!,-&>XZ>%X^>%]X^>%!Z!>%!Z">%!]]kq%40+6)23$m>]YXQ+',16)23$%k$[4&$//)01%,&6)/6)23$m/,1/%/+')06)23$>!XX

J.)!$2$:!&>Y"Q+')0805)$%-$%8,%8,153$>!!>%_V>%VZ>]X^>%]YZ>%]Y!>%]YY>%]^Z>%!]_>%!XY>!YV>%!_X>%!__Q+')0805)$%1037$88$>]_V>%!!_>%!"Y>!X]>%!X!>%!YX

J.)!$'!,-&%ko%/+',16)23$>%',6):&$%o',1):&$m%!XXQ+')06)23$%8)66+&,)&$>]YZ>%]Y]>%]`Z

J&"%>Q3/4$1/%-$%/$1/>%]]]>%]]!>%]]"Q$1/%0440/+/>]ZV>%]Z^>%]]">%]]V>]!]>%]"]Q$1/%40+6)23$>!Y`

J&"%/'!$"%>!YVQ$1/3,8)/'$>]^`>%!]Y>%!"Y>%!"V

J&"'!)&"'>]_YQ$16)'$16%-$%8,%8,153$>]Y>%"!>%"X>"Y>%"^>%X!>%X`>%X^>%YX>%Y_>%V!>%V^>%^!>

]ZX>%]]_>%]"]>%]`Y>%]_V>%]V!>%!]`>!!V>%!Y`a%Q$16)'$16%b%-$%&$8,6)01/>X^

J!:"&>!`XQ)51,1/%É%/)51,63'kQ60N()$1/m>]]Vk(9$I%/,)16%D353/6)1m>]]Vk(9$I%Q,3//3&$m>]^">%!!VÅl,63&$%-3%/)51$%8)153)/6)23$Å>%]VZ/7;O9+0&)$%-3%/)51$>]]V>%]]^>%]!V>%!!V>!"]>%!"X>%!_`

J!:"!;!/"#&>]YJ!:"!;!/"'>]]^Q)51)B),16/%'386)48$/>]]V

J!:"!;!#/'!$"k7/;%-+/)51,6)01m>]]Zl037$,3%/H/6:'$%-$/)51)B)(,6)01/>!!">%!!X>%!`"

J!:"!;!.1-"!,-&>]]VJ!:"!;!,-&>!YZJ!2&"#&10-1#/9!"&'>X!J$#!/'!$"1*%H#D$2$:!,-&1!".4!'/92&1&'*+$;$"0&>_>%"!>%"">%]`X>%]`Y>%!!V

J$2!0/+!'.>Q08)-,&)6+%,//0(),6)7$>]Z!Q08)-,&)6+%/H16,5',6)23$>]Z!>%]Z"

J$"$+!'.>!]ZJ*.#!;!,-&>Q4+()B)()6+%-$/%(,6+50&)$/%-$%($66$B0&'$%-$%8,15,5$>]`^K0''$%31%(0/'0/%1037$,3%$6/4+()B)23$>!]X>%!!]

J*!+!'&Y1%*!+!'!%)&>%"]>%]!ZA'(*%("%-B;,"(6,-C/")7,(*kÇ90&Bm>YV

J'+-#'-+&>%%%%%Q6&3(63&,8)/'$>Y`>%``>%_`>%^">%^Y>^`>%]X^>%]Y`>%]`_>%]_]>%]_!>%]V`>!]Y>%!"X

%%%%%Q6&3(63&$%)1(01/()$16$>^`%%%%%Q6&3(63&$%4&0B01-$>X_>%_X>%_Y>%]_!>!]Y>%!]`

%%%%%Q6&3(63&$%4&0B01-$%-$%/01%31)7$&/40+6)23$>]_]

%%%%%Q6&3(63&$/%-H1,')23$/%-3%/6H8$>]"]%%%%%Q6&3(63&$/%+8+'$16,)&$/%-$%8,4,&$16+>]!"

%%%%%Q6&3(63&$/%$1B03)$/kA$17$1)/6$m>!]Y>%!]`

"]X

%%%%%Q6&3(63&$/%)1B&,P(01/()$16$/%-34/H(9)/'$>]ZV>%]!_

J'H2&>]"]Sn)17$16$3&%-n31%/6H8$>_>%X]>%V^>%]!V>]"Z>%]"]>%]"!>%!XXQ6H8)/6)23$>X>%]!]>%]!^>%]"!

J-9`&#'!4!'.Y1%-9`&#'!4/'!$">Q3@C$(6)7,6)01%5+1+&,8$>%$6',[)',8$>%-3%-)/(03&/>]^_Q3@C$(6)7)6+%kS+7)PQ6&,3//m>^_

J-92!)!"/2>"]>%"!>%XVJ-9%'/"#&>]V!K01/3@/6,16)$88$/%8?31$%\%8?,36&$>]V!S,%8,153$%$/6%B0&'$%101/3@/6,1($>`_>%]Z]>%]V]

J-##&%%!$">]!]%%%%%Q3(($//)7)6+%k7/;%(01/+(36)7)6+m>!XVJ-::&%'!$"Y1%-::.+&+>%]!>%"Z>%"]>%]XX>]__>%]V^>%!`_>%!_Z>%!_]S$%/355+&$&%70)8\%8$%&e7$k=,88,&'+m>!_]Q355$/6)01%+'06)7$>]^]S$%8,15,5$%40+6)23$%,44,&6)$16%\8?3/,5$%/355$/6)B%-$%8,%8,153$>!!`

J-`&'%k7/;%)1-)7)-3m>]^^>%!V]J-*+/P2!":-!%'!,-&>]ZY>%]!VJ-++./2!%)&>]ZV>%]]]>%]]!>%]]">%]X!>]X_>%!Y]>%!`!>%!_!

J-%*&"%10&1%&"%>%]]]>%]]!>%]]"JH)9$2&>%]Z`>%!!!>%!`">%!`X>%!__>k(9$I%G$)&($m>]^]QH'@08)/$&>]]`>%]V"QH'@08)23$%k7/;%-+106,6)Bm>]V"QH'@08)/'$>!Z>%]]`QH'@08)/'$%-$%8?)1(01/()$16>]]`>]]_>%]]VQH'@08)/'$%8)153)/6)23$>]]`>%]]_>]!`

JH)*/'D@)&>]X_>%!]]>%!Y!>%!Y">%!YX>!YY>%!Y`

JH)*D$+!&>]X_>%!]]>%!Y!P!YXJH)*D+$"!&>]X_>%!]]>%!Y!>%!Y">%!YXJH"&%'D.%!&%>"Z>%"]>%]!ZJH"$*%!&>""JH"'/:)/'!,-&>]X_%k7/;/H16,[)23$m>]Z">%!YZQH16,5'$>!X^>%!YX

JH"'/5&>]]_>%]!]>%]X`>%]X_>%!X_>%!XV%%%%QH16,[)23$>!XVJH%'@)&>`_>%]Z!>%!X!

Z>!X_

Z&#D"!,-&%10-1#$+*%>]!XZD.)/'!,-&>]XXZ+/"%#+!*'!$">!XZZ+/"%!"0!4!0-&2>]]]>%]^`>%]^^>%!YYZ+/"%2!":-!%'!,-&>Y>%]Y"Z+/"%*$%!'!$">V">%]`X>%]V]>%!]!>%!"^>!YV>%!Y^>%!`Z>%!_"O&,1/40/)6)01%)',5)1,6)7$>!_"

D"(/$%,/'/*6>"!>%]ZVZ+$*&%>]!]Z+-#D&)&"'>]ZX>%]Z`>%]Z_>%]!!>%]"">]YZ>%]^^>%!!">%!XY>%!X`>%!YV>%!`_>!`^>%!_`>%!__

ZH*&%1*%H#D$2$:!,-&%>Y`

ee2'+/P)$"0&>!]!>%!YVe"!4&+%>U1)7$&/%-$%8,%4,&08$>]Z"U1)7$&/%/$(01->]^`>%]^V>%!Z_>%!]!>!!Y>%!X">%!Y]>%!YX

e"!4&+%&2>^`>%]!_%k(9$I%R&$3-m>]Z`U1)7$&/,8)/'$>_Y>%!]Y>%!_YU1)7$&/,8)6+%-$/%/H'@08$/>]]VU1)7$&/,8)6+%-3%4/H(9)/'$>]]X

[[/2&-+>!Z>%!_>%`_>%]]Z>%]!Z>%]`!>%]^">!X!%k7/;%&+B+&$1($m>]VZ

[&#'&-+>!ZZ>%!__[&+9/2!%/'!$">!YV[&+9/2!%)&1*D!2$%$*D!,-&>Y]>%Y^[.+!'.>!V>%]_Yi+&)6+%)(01)23$%k$6%7+&)6+/)51)B)23$m>!YZ

[&+%>!]][!&>!Y>%"^>%]]Z>%!Z_kA&+,8m>X!i)$%-$%&$8,6)01>]`>%!]_>%!]VG$6)6$%7)$%kA,3-$8,)&$m>`Yi)7&$%8$%8,15,5$>!!!>%!"X>%!_^Y-9%(`$&;7(>!!X

[!+'-/2!'.>"]>%`X>%!]Z>%!Y`>%!_Zk=,88,&'+m>!]Z

[$#/9-2/!+&>%i0(,@38,)&$%k/H'@08)/'$%-$8n)1(01/()$16m>]]V

"]Y

i0(,@38,)&$%-$/%)1/6)636)01/%)1-0P$3&04+$11$/>]]Z

[$!5>]X>%V">%VX>%^]>%]]^>%]!!>%!Z`>%!`V>!`^>%!_ZG9+10':1$%70(,8%Kf==F%QJ*lFkQ,3//3&$m>!_Z

i0(,@8$/%/,1/%4,&$)8/>!`^>%!_!S$%7$&/%23)>%-$%483/)$3&/%70(,@8$/k=,88,&'+m>!`^

[$2$"'.>!Z>%!`>%!^>%"Z>%"Xi08016+%0@/(3&$>%',)/%4$&/+7+&,16$>_>%!]>%"Z>%"_>%XZ>%X]>%V]>%]""

"]`

0R0'Re@FQ8CR.

"#! $%&'()*+,!('-./0*+,!1(2%+/'.-+!3451.0*!6*2&*2.+-*!7

& G03&% 8,% @)@8)05&,49)$% (0'48:6$% -$/% 6&,7,3[% -?í')8$% A$17$1)/6$% k8)7&$/>% ,&6)(8$/>(0'46$/P&$1-3/>% (0''31)(,6)01% \% 8,% Q0()+6+% -$% 8)153)/6)23$% -$% G,&)/�m% 70)&% 8,@)@8)05&,49)$%+6,@8)$%4,&%=09,'',-%.C,B,&%=0N1B,&%M%a%A)@8)05&,49)$%-$/%6&,7,3[-?F')8$% A$17$1)/6$%b>% )1% S53*".()# 3-"./-)'-4/()# &==(%')# g# 17-3(# 8("9("-)'(>G$$6$&/>%S037,)1>%]^_Y>%44;%iJJPSJJ;

e517(G-2&3

C&"4&"!%'&>%F')8$>#K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(>%*,88)',&->%G,&)/>%]^``;uuu>#K%&O3;7()#,(#3-"./-)'-4/(#.5"5%*3(+#P>%*,88)',&->%G,&)/>%]^_X;uuu>%Y&2*O/3*-%()#,()#-")'-'/'-&")#-",&`(/%&$5(""()>%k!%7083'$/m%h#L0#12&"&7-(+

$*%("'5#)&2-5'5%h%P0#K&/9&-%+#,%&-'+#%(3-.-&"%h%F-)6)01/%-$%=)13)6>%(088$(6)01%a%S$/$1/%(0''31%b>%G,&)/>%]^`^;

Q7+,:#-2&3

C&"4&"!%'&>%F')8$>%a%<()#B*:-(%)#,(#S*3'(#<*/%-,)#8%-..(%4,&%L,)1$&%=,&),%L)8d$>6&,-;%=;%A$6I%kQ60(dm%b>%)1%K:-3&)&$:-()>%]>%G,&)/>%]Y%',&/%]^!X;

uuu>%[Q7"()#7*"-2:5(")>%6&,-3)6/%4,&%F')8$%A$17$1)/6$>%,7$(%31$%)16&0-3(6)01-?<$1&H%K0&@)1>%)1%Ö..,%*)-33>%8/33('-"#7(")/(3#,(#3*#$&5)-(#("#T%*"2(#('#g3A5'%*".(%>%!$%,11+$>%1rXPY%k!Y%C3)88$6P!Y%,0c6m>%G,&)/>%]^"_;

uuu>%a%F[4&$//)01%)1-0P$3&04+$11$%-$%8?%s+6$&1)6+t%b>%-"#8/33('-"#,(#3*#>&2-5'5#,(<-"./-)'-4/(#,(#K*%-)>%"V>%B,/()(38$%]>%1r]]!>%]^"_;

uuu>%a%S,%S+5$1-$%-$%}0'@,@0/%b>%)1%S53*".()#)Q%-(")#&==(%')#g#D0#H/))*/,>G,&)/>%*$3691$&>%]^"^;

uuu>%<A1*/#9-%-3(+#)1%K-(%%(#g#T(/>%K%&9("2(#c&-%(>%D)'+%=,$596%F-)6$3&>%K,11$/PG,&)/>%]^XY;

uuu>%a%S,%8+5$1-$%-$/%.,1,N-$/%b>%)1%D(9/(#,A[-)'&-%(#,()#D(3-.-&")+#LVU>%S$&03[>G,&)/>%]^X^;

uuu>%a%S,%1+5,6)01%$1%Ñ3(9)%b>%)1%]&%,%>%i08;%`>%1r!>%]^YZ;uuu%k+-;m>%a%S$66&$/%-$%R$&-)1,1-%-$%Q,3//3&$%\%D160)1$%=$)88$6%b>%)1%B*:-(%)

T(%,-"*",#,(#>*/))/%(>%!]>%.&0I>%*$1:7$>%]^`X;

"]_

D(*52:7,+2&3

a%ADU.FSDJLF%b%M%=,13/(&)6/%k"`_%B$3)88$6/m%(01/$&7+/%\%8,%A)@8)069:23$%1,6)01,8$-$%R&,1($>%,3%.+4,&6$'$16%-$/%=,13/(&)6/%f&)$16,3[>%/03/%8,%(06$%GDG;fL;ZX;!^;%F6%"%',13/(&)6/%(01/$&7+/%-,1/%8$/%D&(9)7$/%-3%K088:5$%-$%R&,1($;

A80(%106$%a%G83/)$3&/%,&6)(8$/%b%(016$1,16%-$/%@&03)8801/%-$%8?,&6)(8$%a%K,6+50&)$/%-$4$1/+$%$6%(,6+50&)$/%-$%8,153$%b%4,&')%8$/23$88$/%-$/%106$/%)1+-)6$/%\%4&040/%-$A$1C,')1%S$$%Ç90&B>%=,13/(&)6/%(01/$&7+/%\%8,%A)@8)069:23$%1,6)01,8$%-$R&,1($>%,3%.+4,&6$'$16%-$/%=,13/(&)6/%f&)$16,3[>%/03/%8,%(06$%GDG;%fL;%.01Z`;]Y>%40(9$66$%X;

a%S$%4&0@8:'$%-$%Ç90&B%b%M=,13/(&)6/%(01/$&7+/%\%8,%A)@8)069:23$%1,6)01,8$%-$R&,1($>%D3%.+4,&6$'$16%-$/%=,13/(&)6/%f&)$16,3[>%/03/%8,%(06$%GDG;%fL;%"]>G0(9$66$%!>%Br%!Z^P!]";

=,13/(&)6/%-$%8?,&6)(8$%a%Q+')0805)$%-$%8,%8,153$%b>%=,13/(&)6/%(01/$&7+/%\%8,A)@8)069:23$%1,6)01,8$%-$%R&,1($%,3%.+4,&6$'$16%-$/%=,13/(&)6/%f&)$16,3[>/03/%8,%(06$%GDG;%fL;>%.01%Z`;]Y>%G0(9$66$%`>%a%FA%S"%b%k106$%-$%*$0&5$/L$-,&-m>%a%-)/(03&/%/H'40/)3'%G08051$%b;%k01%6&037$%-,1/%8?,&(9)7$%-$A$17$1)/6$%483/)$3&/%/+&)$/%-$%',13/(&)6/%-$%8?,&6)(8$%a%Q+')0805)$%-$%8,8,153$%bm;

K,&1$6/%-?$123e6$/%-$/%-$3[%/+C03&/%-?F')8$%A$17$1)/6$%$1%D8,/d,%$1%]^Y!%$6%]^Y">!_% (,&1$6/% (01/$&7+/% -,1/% 8$/% ,&(9)7$/% -$% 8,% F8'$&% F;% L,/'3/01% S)@&,&H>U1)7$&/)6H%0B%D8,/d,%R,)&@,1d/>%D8,/d,%,1-%G08,&%L$5)01/%.$4,&6'$16;

CA1 B-'+&%1$-4+/:&%1&'1/+'!#2&%1#!'.%1f

B6UKJ>%=)(9$8>%a%S$(63&$%$[($//)7$>%sÑt>%U1%6$[6$%$/6%31%8,',%&035$%b>%)1H&3('-*"*+#L>%D(9-)'*#,(#R%*,/22-x#<-'(%*'/%*#-#*%')>%kD(6$/%-3%]$%K088023$)16$&1,6)01,8%a%Q3C$6%$6%6&,-3(6)01%b>%*&034$%F6)$11$%.08$6>%U1)7$&/)6+%D36010'$-$%A,&($801$>%107$'@&$%!ZZ!>m>9664MooEEE;B6);3,@;(,6o-08$6),1,o].0(3'$16/o]D-1$/;4-B;

BW(JZQZK>%K&5'-4/(>%6&,-3(6)01%L;%.34016PL0(%$6%#;%S,8806>%Q$3)8>%G,&)/>%]^VZ;uuu>%!%.*"&">%6&,-3(6)01%-$%#;%O&)(06>%S)@&,)&)$%49)80/049)23$%i&)1>%G,&)/>%]^``>

4;Y

"]V

uuu>%B*'5.&%-()>%6&,-3(6)01%-$%R&+-+&)23$%J8-$B01/$%$6%#$,1%S,8806>%Q$3)8>%(088$(6)01a%G0)16/%b>%G,&)/>%%!ZZ!;

BWW([K>%=)(9$8>%<*".*.(#('#$)Q2:*"*3Q)(+#3-"./-)'-4/(#('#-"2&")2-("'+#T%(/,+>*/))/%(+#K-2:&"+#<*2*">%S,'@$&6PS3(,/>%S)'05$/>%!ZZY%k]$%+-)6)01>%GUR>%G,&)/>]^VXm;

BeCKUbeK>%G)$&&$>%a%D&)/606$%$6%8$%8,15,5$>%106$%,11$[$%/3&%8$/%(,6+50&)$/-?D&)/606$;%D%4&040/%-?31%,&6)(8$%-$%=;%A$17$1)/6$%b>%%)1%F""*3()#,(#3*#=*2/3'5),()#<(''%()#,AF-N>%6;%WSJJJ>%]^`Y;

BeWQeg>%QH87,)1>%6KJG8BSVJ>%#,(23$/>%OQeRQeM8R(%.C,'$8>%<*K:-3&)&$:-(#,/#3*".*.(>%G&$//$/%U1)7$&/)6,)&$/%-$%R&,1($>%G,&)/>%!ZZX;

BeJZ(U>%#091%S,15/9,E;%[&^#'&#H&#R:-".)#^-':#]&%,)>%R:(#]-33*7#{*7()#<(2'/%(),(3-9(%(,#*'#[*%9*%,#G"-9(%)-'Q#-"#LaCC>%$-;%#%;f;%U&'/01>%f[B0&-%U1)7$&/)6HG&$//>%f[B0&->%]^_";

uuu>Z/*",#,-%(+#2A()'#=*-%(>%k6&,-3(6)01%-$%*)88$/%S,1$m>%Q$3)8>%G,&)/>%]^_Z;

CB6KW>% R&,1T0)/$>% a%U1$% D1,'1:/$% 8)66+&,)&$% -?F')8$% A$17$1)/6$%b>% )1% I"2&"'%-<-"./-)'-2->%1r!!>%L)7)/6,%-$88$%U1)7$&/)6\%-$58)%Q63-)%-)%O&)$/6$%$%-)%U-)1$>%]^^^;

CBWZ8KJ>%L08,1->%a%G03&230)%C?,)'$%A$17$1)/6$%b%k]^_Xm>%)1%<(#8%/-))(7("'#,(#3*3*"./(+#1))*-)#2%-'-4/()#IY>%Q$3)8>%G,&)/>%]^VX;

uuu>%<(E&">%Q$3)8>%G,&)/>%]^_V;

CBe6KRB(WK>%K9,&8$/>%1N$&)-'-&"#G"-9(%)(33(#,(#LMCC>%)1%X/9%()#2&7$3;'()>*,88)',&->%a%S,%G8+),-$%b>%G,&)/>%]^`];

uuu>%<()#T3(/%)#,/#S*3>%>%)1%X/9%()#2&7$3;'()>%*,88)',&->%a%S,%G8+),-$%b>%G,&)/>]^`];

CKWMJQU>%<$1&)>%a%S?)163)6)01%$1%'+690-$%49)80/049)23$%b%ka%.$%8,%40/)6)01%-$/4&0@8:'$/%b%k$//,)%+(&)6%$1%]^!!m>%)1%<*#K(")5(#('#3(#7&/9*"'>%S)@&,)&)$%R+8)[D8(,1>%G,&)/>%]^"X;

CQBJ+#R&,1I>%I"'%&,/2'-&"#'&#':(#[*",O&&\#&=#F7(%-2*"#I",-*"#<*"./*.()%k]^]]m>*$0&5$60E1%U1)7$&/)6H>%J1/6)636$%0B%S,153,5$/%,1-%S)153)/6)(/>%]^`";

CWKBR>%=)(9$8>%1))*-#,(#)57*"'-4/(%k]V^_m>%F-)6)01/%S,'@$&6PS3(,/>%S)'05$/>!ZZY;

"]^

uuu>%a%S$/%80)/%)16$88$(63$88$/%-3%8,15,5$;%R&,5'$16%-$%/+',16)23$%b>%)1%F""/*-%(,(#3AF))&2-*'-&"#$&/%#3A("2&/%*.(7("'#,()#5'/,()#.%(24/()#("#T%*"2(>%]_$

,11+$>%=,)/011$37$%$6%K)$>%G,&)/>%]VV";uuu>%H(#3*#.%*77*-%(#2&7$*%5(#g#3*#)57*"'-4/(>%6$[6$/%-$%=)(9$8%A&+,8%43@8)+/

$16&$%]V`X%$6%]V^V>%)16&0-3(6)01>%(0''$16,)&$/%$6%@)@8)05&,49)$%4,&%G)$6%.$/'$6$6%G)$&&$%QE)55$&/>%G$$6$&/>%S$37$1%É%G,&)/>%]^^Y;

uuu>%S53*".()#,(#7Q':&3&.-(#('#,(#3-"./-)'-4/(%k]V__m>%S,'@$&6PS3(,/>%S)'05$/>!ZZY;

uuu>%Z/(34/()#7&')#)/%#3A-")'%/2'-&"#$/O3-4/(#("#T%*"2(>%G,&)/>%<,(9$66$>%]V_!;

CWKZQU>%D1-&+>%S*"-=()'()#,/#)/%%5*3-)7(>%*,88)',&->%a%B08)0%b>%]^_^;uuu>%%a%J8%H%,3&,%31$%B0)/%b>%)1%<(#D(9&39(%#g#2:(9(/N#O3*"2)>%+-;%-$/%K,9)$&/%8)@&$/>

G,&)/>%]^"!%h%&$4&)/%-,1/%X/9%()#B&7$3;'()#II>%*,88)',&->%a%A)@8)069:23$%-$%8,G8+),-$%b>%G,&)/>%]^^!;

CeRKB>%F(,6$&)1,>%a%S,%1,63&$%-H1,')23$%-$/%B,)6/%8,15,5)$&/>%03%-$%8,%s7)$t%(9$IR$&-)1,1-%-$%Q,3//3&$%b>%)1%B*:-(%)#T(%,-"*",#,(#>*/))/%(>%Ca>%.&0I>%*$1:7$>!ZZ`;

G8BWBe6KBe>%G,6&)(d>%SB(UMeKUKBe>%.0')1)23$%k%/03/%8,%-)&$(6)01%-$m>H-2'-&""*-%(#,A*"*3Q)(#,/#,-)2&/%)>%Q$3)8>%G,&)/>%!ZZ!;

G8QSJOh>%l0,'>%<*#<-"./-)'-4/(#2*%'5)-(""(>%6&,-3)6%-$%8?,158,)/%4,&%l;%.$8,10à$6%.;%Q4$&@$&>%Q$3)8>%G,&)/>%]^`^;

uuu>%B*%'()-*"#<-"./-)'-2)#6#F#B:*$'(%#-"#':(#[-)'&%Q#&=#D*'-&"*3-)'#R:&/.:'><,&4$&%,1-%L0E>%l$E%Ñ0&d%,1-%S01-01>%]^``;

G8ORQ[JO(>%i)d60&%a%G06$@1),%b>%-,1/%8$/%D(2/(-3)#)/%#3*#':5&%-(#,/#<*".*.($&5'-4/(>%G$6&05&,->%]^]^>%()6+%$6%6&,-3)6%4,&%OI7$6,1%O0-0&07%-,1/%R:5&%-(#,(#3*3-''5%*'/%(+#52%-')#,()#=&%7*3-)'()#%/))()>%Q$3)8>%G,&)/>%]^`Y;

GQ8KU>%#$,1>%>'%/2'/%(#,/#3*".*.(#$&5'-4/(>%R8,'',&)01>%G,&)/>%]^``;

GeR(QR(>%D160)1$>%a%O9+0&)$%-3%8,15,5$%$6%69+0&)$%-$/%8,153$/%b>%-"#17-3(8("9("-)'(#*/@&/%,A:/-+#O0'$%J>%kD(6$/%-3%K088023$%)16$&1,6)01,8%-3%K;l;L;Q;>O03&/>%!V%,3%"Z%/$46$'@&$%]^V"m>%Q0()+6+%403&%8nJ1B0&',6)01%5&,'',6)(,8$>G,&)/>%]^VX;

6KRKeiK>%*)88$/>%<(#8(%.)&"-)7(>%G,&)/>%G&$//$/%U1)7$&/)6,)&$/%-$%R&,1($>%]^``;

6KWW(6B>%#,(23$/>%a%S$%/3448+'$16%-$%(0438$%b>%)1%<*".*.(+#PU>%1$-)'57&3&.-(#,(3*#3-"./-)'-4/(+#[&77*.()#g#17-3(#8("9("-)'(>%13'+&0%0&5,1)/+%4,&%#38),

"!Z

}&)/6$7,>%.)-)$&%o%S,&03//$>%G,&)/>%-+($'@&$%]^_];%D&6)(8$%&$4&)/%4,&%8,%/3)6$k1037$88$%7$&/)01m%-,1/%S*%.()#,(#3*#$:-3&)&$:-(>%=)13)6>%G,&)/>%]^_!;

uuu>%F$&%-()0#S&/%-%#e#)A*''(",%(#*/N#i##3-7-'()#,(#3*#95%-'5#n+#*,8)8+$>%G,&)/>]^^`;

uuu>%<*#m(";)(#,*")#3*#$:-3&)&$:-(#,(#[/))(%3+#G&$//$/%U1)7$&/)6,)&$/%-$%R&,1($>G,&)/>%]^^Z;

6KJGQSCKJ>%i)1($16>%<AI"2&")2-("'#7*3.%5#3/->%=)13)6>%G,&)/>%]^__;

6KJJQUJ>%*+&,&->%I"'%&,/2'-&"#g#3A*"*3Q)(#,/#$&;7(%k!$%+-;%]^^`m>%D&',1-%K08)1>!ZZV;

uuu>%a%G03&%31$%/+',16)23$%-$%8?,&6%b>%)1%17-3(#8("9("-)'(#9-".'#*")#*$%;)kK088023$%-$%K$&)/H>%]!P]^%,0c6%]^^Ym>%13'+&0%/4+(),8%-$%SJlW>%/03/%8,-)&$(6)01%-$%K8,3-)1$%l0&',1-%$6%=)(9$8%D&&)7+>%KLS%É%U1)7$&/)6+%G,&)/%W>]^^_;

uuu>%a%S,%B0&'$%$1%4$)163&$%b>%)1%<*#=&%7(#("#@(/%k(088$(6)B>%=,&)$PK8,)&$%L04,&/+-;m>G&$//$/%U1)7$&/)6,)&$/%-$%i)1($11$/>%(088$(6)01%a%F/69+6)23$%90&/%(,-&$%b>i)1($11$/>%]^^V;

uuu>%<AF%'#('#3*#7*"-;%(>%K9,'4)01>%G,&)/>%!ZZXuuu>%S*('(%3-"2\+#<(#':5k'%(#,/#$&;7(>%S,3&$1($%O$4$&>%G,&)/>%!ZZY;uuu>%a%.3%-)/(3&/)B%b>%)1%<*".*.()+#LCa+#<-"./-)'-4/(#('#$&5'-4/(#,/#,-)2&/%)0#F

$*%'-%#,(#>*/))/%(%k13'+&0%0&5,1)/+%4,&%*;%.$//01/%$6%#;PS;%K9)//m>%S,&03//$>G,&)/>%/$46$'@&$%!ZZY;

uuu>%17-3(#8("9("-)'(+#<A-"9("'-&"#,/#,-)2&/%)>%J1%G&$//>%G,&)/>%!ZZ`;uuu>%$6%SKJG8QUU(G>%<$1&)>%R%*-'5#,/#%Q':7(+#H()#9(%)#('#,()#$%&)()>%+-)6)01/

.310->%G,&)/>%]^^V;

LK8W>%#09,11$/>%>*/))/%(#("'%(#3-"./-)'-4/(#('#)57-&3&.-(>%6&,-3)6%-$%8?,88$',1-%4,&G)$&&$%K,3//,6>%GUR>%G,&)/>%!ZZZ;

L(JKWQ[B>%=)(9,$8,%a%J',5$>%/3C$6>%40370)&;%F16&$6)$1%,7$(%=,&)$P#0/+%=01-I,)1%bk,7&)8%!ZZ_m>%>(")#$/O3-2%k&$73$%)16$&1,6)01,8$%+8$(6&01)23$m>%C,17)$&%!ZZV>9664MooEEE;/$1/P43@8)(;0&5oJ=*o4-BoQ$1/G3@8)(ì=R)/$&07,ì$16&$6)$1=01-I,)1;4-B;

LRQeWUQh>%O9+0-0&$>#H()#I",()#g#3*#$3*";'()#S*%)+#y'/,(#)/%#/"#2*)#,()&7"*7O/3-)7(#*9(2#.3&))&3*3-(>%í-)6)01/%D8(,1%$6%F55)',11>%G,&)/%$6%*$1:7$>]^ZZ;

uuu>%H()#K:5"&7;"()#,(#)Q"&$)-(#b*/,-'-&"#2&3&%5(_>%í-)6)01/%D8(,1%$6%F55)',11>G,&)/%$6%*$1:7$>%]V^";

LWKe6>%Q)5'31->%H-(#R%*/7,(/'/".>%S$)4I)5>%R;%.$36)(d$>%]^ZZ;

"!]

MBJG8K>%L0-0849$>%a%S?$[4+&)$1($%,40&+6)23$%,3[%0&)5)1$/%-$%8,%4$1/+$;%G8,601><$)-$55$&>%.$&&)-,%b>%k6&,-3)6%-$%8?,158,)/%4,/%*$0&5$/%S$&03[m>%)1%y'/,()=%*"E*-)()>%H(%%-,*#3(2'(/%>%i083'$%"V>%13'+&0%]P!>%!ZZ!;%O$[6$%-)/401)@8$%\8?,-&$//$%9664MooEEE;$&3-)6;0&5o&$73$o$63-B&o!ZZ!o7"Vo1]oZZV"^X,&;4-B%k7+&)B)+$8$%]Z;]Z;!ZZ_m;

MQW6QU>%O$&&$1($%Ç>%a%S$%/,3//3&)/'$%$1%D158$6$&&$%$6%$1%D'+&)23$%-3%l0&-%b>%)1B*:-(%)#T(%,-"*",#,(#>*/))/%(+#Ca>%.&0I>%*$1:7$>%!ZZ`;

8BMKMK>%K8,3-$%a%A$17$1)/6$%$6%8,%8)153)/6)23$%-$%8,%4,&08$%b>%)1%17-3(#8("9("-)'(*/@&/%,A:/->%O0'$%]>%Q0()+6+%403&%8nJ1B0&',6)01%5&,'',6)(,8$>%G,&)/>%]^VX;

8BWZSBUU>%F-3,&-%k701m>%K:-3&)&$:-(#,()#G"O(^/))'("+#K,&8%.31(d$&>%8(%3-">]V`^%h%6&,-3)6%$1%B&,1T,)/%K:-3&)&$:-(#,(#3A-"2&")2-("'%k6&,-;%4,&%.+/)&+%l08$1m>*;%A,)88):&$>%G,&)/>%]V__;

8K(6KMMKW>% =,&6)1>% K3*'&"# 6# >&$:-)'()>% )1% m()*7'*/).*O(>% 708;% ]^>% R&,1dB3&6>}80/6$&',11>%]^^!;

8QVO(UJ>%*$&,&-%=,18$H>%K&(7)#*",#$%&)(>%)16&0-3(6)01%-$%Ç;<;%*,&-1$&>%G$153)1A00d/>%<,&'01-/E0&69>%]^Y";

8eMQ>%i)(60&>%<()#B&"'(7$3*'-&")>%*,88)',&->%G,&)/>%]^_";

8eSCQR6Z>%Ç)89$8'%k701m>%I"'%&,/2'-&"#g#3Ah/9%(#)/%#3(#\*9-#('#*/'%()#())*-)>6&,-3(6)01%-$%G)$&&$%K,3//,6>%Q$3)8>%G,&)/>%]^_X;

uuu>%<*#Rk2:(#,(#3A:-)'&%-(">%kÇO(%#,-(#F/=.*O(#,()#m()2:-2:')2:%(-O(%)>%]V!]m;6&,-3(6)01%B&,1T,)/$%4,&%G)$&&$%K,3//,6>%)1%I"'%&,/2'-&"#g#3Ah/9%(#)/%#3(#\*9-#('*/'%()#())*-)>%Q$3)8>%G,&)/>%]^_X%$6%<*#Rk2:(#,(#3A:-)'&%-(">%6&,-3)6%4,&%D1-&+S,d/%$6%D11$66$%.)//$8d,'4%G&$//$/%U1)7$&/)6,)&$/%-$%S)88$;%S)88$>%]^VY;

uuu>%m()*77(3'(#>2:%-='(">%k]_%7083'$/m>%+-;%D8@$&6%S$)6I',11%$6%*3;>%A$9&>A$&8)1>%]^Z"P]^"`;

uuu>%ÇO(%#,-(#Y(%)2:-(,(":(-'#,()#7(")2:3-2:("#>$%*2:O*/()>%i$&8,5%R$&-)1,1-Q(9ã1)159>%UOA%!Z]^>%G,-$&@0&1>%]^^V;

8eWKZ>%#38$/>%a%K017$&/,6)01%,7$(%=,3&)($%=,$6$&8)1(d%b>%)1%<(#T-.*%&>%]_%',)]V^";

(J(6QW[J18(JVBRKUJ(J1a(J(6QWK16K1JK[(RRKj>%1'Q7&3&.-*(#)-9(#&%-.-"()>S)7&$%JW>%+-)6)01%@)8)153$%4,&%=,&(%L$H-$88$6%k(0''$16,)&$/%$6%6&,-3(6)01m>%S$/A$88$/PS$66&$/>%G,&)/>%]^VX;

"!!

NBOQCJQU>%L0',1>%T%*.7("')#,(#i#<*#"&/9(33(#$&5)-(#%/))(#n0#1)4/-))($%(7-;%(#6#Y53-7-%#w:3(O"-\&9%k=0/(03>%]^]^m%~6&,-3(6)01%-$%OI7$6,1%O0-0&07Ä>kc&9(@):*@*#%/))\*@*#$&(?-@*0#c*O%&)&\#$(%9Q@0#Y-\'&%#w:3(O"-\&9%~G&,53$>]^!]Ä>%)1%Z/()'-&")#,(#$&5'-4/(>%Q$3)8>%G,&)/>%]^_";

uuu>%a%G0$6&H%0B%*&,'',&%,1-%*&,'',&%0B%G0$6&H%b%k]^`Z>%$6%&+7)/+%$1%]^`Vm>%)1>(3(2'(,#]%-'-".)>%III>%K&('%Q#&=#m%*77*%#*",#m%*77*%#&=#K&('%Q>%=03601G3@8)/9$&/>%S,%<,H$%É%G,&)/%É%l$E%Ñ0&d>%]^V];

uuu>%a%G0+/)$%-$%8,%5&,'',)&$%$6%5&,'',)&$%-$%8,%40+/)$%b%k6&,-3)6%-$%8?,158,)/%4,&D1-&+%#,&&Hm>%)1%Z/()'-&")#,(#$&5'-4/(>%Q$3)8>%G,&)/>%]^_";

uuu>%a%K01(83-)15%Q6,6$'$16;%S)153)/6)(/%,1-%G0$6)(/t%b%)1%>'Q3(#-"#<*"./*.(%k%O;D;%Q$@$0d%k$-;m>%=JO%G&$//>%K,'@&)-5$>%]^`Z;

uuu>%1))*-)#,(#3-"./-)'-4/(#.5"5%*3(>%6&,-3(6)01%l)(08,/%L3E$6>%G,&)/>%=)13)6>]^`";

uuu>%$6%SFiJPQOLDUQQ>%K8,3-$>%i#<()#B:*')#n#,(#B:*%3()#8*/,(3*-%(>%+63-$4,&3$%\%8?0&)5)1$%-,1/%8,%&$73$%<A[&77(+#P>%]^`!;%F63-$%&$4&)/$%-,1/%8$%7083'$-?,&6)(8$/%kL0',1%#,d0@/01m%Z/()'-&")#,(#$&5'-4/(>%Q$3)8>%G,&)/>%]^_";

OKWCWBZPQWKGG8(QU(>%K,69$&)1$>%<A1"&"2-*'-&"0#H(#3*#)/O@(2'-9-'5#,*")#3(3*".*.(>%D&',1-%K08)1>%G,&)/>%]^^^;

uuu>%a%F;%A$17$1)/6$%$6%8,%69+0&)/,6)01;%!;%S,%4&,5',6)23$%-3%8,15,5$%kA$17$1)/6$$6%D3/6)1m%b>%)1%17-3(#8("9("-)'(#*/@&/%,A:/->%O0'$%J>%Q0()+6+%403&8nJ1B0&',6)01%5&,'',6)(,8$>%G,&)/>%]^VX;

RBGBU>%#,(23$/>%>57-"*-%(+#III>%<()#K)Q2:&)()>%]^YYP]^Y`>%Q$3)8>%G,&)/>%]^V];uuu>%a%S$%/+')1,)&$%/3&%sS,%8$66&$%708+$t%b%k]^Y`m>%)1%12%-')>%Q$3)8>%G,&)/>%]^^^;uuu>%a%L,-)04901)$%b>%)1%>2-3-2('+#PrV>%Q$3)8>%G,&)/>%]^_Z;uuu>%R5359-)-&">%Q$3)8>%G,&)/>%]^_";uuu>%>57-"*-%(+#ÜÜ>%1"2&%(>%]^_!P]^_">%Q$3)8>%G,&)/>%]^_Y;

RBVRBUZ(UK>%K980+>%K&5'-4/(#,/#2&"2($'#6#17-3(#8("9("-)'(>%=+'0)&$%-$%.FD/03/%8,%-)&$(6)01%-$%*+&,&-%.$//01/>%U1)7$&/)6+%G,&)/%V>%Q,)16P.$1)/>%C3)1%!ZZ";

uuu>%a%S$%/$16)'$16%-$%8,%8,153$%b>%)1%K&5'-4/(#,(#3A5'%*".(%>%Y>%L$73$%-3%O$[6$F6&,15$&>%5&034$%-$%6&,7,)8%-3%.+4,&6$'$16%-?+63-$/%S)66+&,)&$/%D158,)/$/>U1)7$&/)6+%G,&)/%V>%i)1($11$/%É%Q,)16P.$1)/>%!ZZY%k-)/401)@8$%/3&%8$%/)6$9664MooEEE;31)7P4,&)/V;B&o-$8,o&$73$;96'8m;

uuu>%a%F')8$%A$17$1)/6$+#<(#Y&2*O/3*-%(#,()#-")'-'/'-&")#-",&`(/%&$5(""()%b>%\4,&,{6&$%-,1/%8$%&$(3$)8%-$/%6&,7,3[%!ZZ_P!ZZV%-3%R(N'(#1'%*".(%>%5&034$%-$&$(9$&(9$%-3%.+4,&6$'$16%-?F63-$/%S)66+&,)&$/%D158,)/$/>%(088$(6)01%a%O&,7,3[$6%.0(3'$16/%b>%G&$//$/%31)7$&/)6,)&$/%-$%i)1($11$/>%Q,)16P.$1)/;

"!"

RK[(PJZWBeJJ>%K8,3-$>%a%J16&0-3(6)01%\%8?v37&$%-$%=,&($8%=,3//%b%k]^X_m>%)1=,&($8%=,3//>%>&2-&3&.-(#('#*"':%&$&3&.-(>%G&$//$/%U1)7$&/)6,)&$/%-$%R&,1($>G,&)/>%]^YZ;

uuu>%a%J16&0-3(6)01%M%9)/60)&$%$6%$6910805)$%b>%)1%F"':%&$&3&.-(#)'%/2'/%*3(>%G801>a%G0(d$6%b>%G,&)/>%]^YV;%G,&3%\%8?0&)5)1$>%$1%]^X^%-,1/%8,%D(9/(#,(#S5'*$:Q)-4/(('#,(#S&%*3(>%YX$%,11+$>%1r"PX;

uuu>%a%S,15,5$%$6%/0()+6+%b>%)1%F"':%&$&3&.-(#)'%/2'/%*3(>%G801>%a%G0(d$6%b>%G,&)/>]^YV;%D&6)(8$%,-,46+%-$%8?0&)5)1,8%,158,)/%4,&3%$1%]^Y]>%a%S,153,5$%,1-%69$D1,8H/)/%0B%Q0(),8%S,E/%b>%-,1/%8,%&$73$%F7(%-2*"#F"':%&$&3&.-)'>%708%Y">%1r!;

SBKZKWR(UGO>%=,3&)($>% I"'%&,/2'-&"# g# /"(# $)Q2:&3&.-(# ,()# )&".()>% A&3[$88$/>+-)6)01/%S,@0&>%]^VY;

uuu>%a%S$%6&,5)23$%2306)-)$1%b>%)1%<(#R%5)&%#,()#:/7O3()>%S,@0&>%A&3[$88$/>%]^^V;%uuu>%X/9%()#I+#<(#D59(-3#,(#3Ak7(+#K&5)-(#('#())*-)>%+-)6)01/%K0'48$[$>%G,&)/>

]^^^;uuu>%B*%"(')#,(#'%*9*-3#bLMML`LMaW_>%60'$%!>%S,@0&>%A&3[$88$/>%!ZZ!;

SBR(UQ\JO(>%A&01)/ ,E>%<*#>(N/*3-'5#('#)*#%5$%())-&"#,*")#3()#)&2-5'5)#$%-7-'-9()k]^!]m>%G,H06>%G,&)/>%]^_`;

SBRRBWSK>%Q6+49,1$>%B%-)(#,(#9(%)%k]V^Ym>%)1%I.-'/%+#H-9*.*'-&")+#G"#2&/$#,(,5)>%*,88)',&-%a%G0+/)$%b>%G,&)/>%!ZZ";

uuu>%L+401/$%\%8?$123e6$%-$%#38$/%<3&$6%a%Q3&%8?+70836)01%8)66+&,)&$%b%k]V^]m>%)1I.-'/%+#H-9*.*'-&")+#G"#2&/$#,(#,5)>%*,88)',&-%a%G0+/)$%b>%G,&)/>%!ZZ";

SBeJJ>%=,&($8>%a%S$/%6$(91)23$/%-3%(0&4/%b%k]^"Xm>%)1%>&2-&3&.-(#('#*"':%&$&3&.-(>G&$//$/%U1)7$&/)6,)&$/%-$%R&,1($>%G,&)/>%]^YZ;

uuu>%a%L,440&6/%&+$8/%$6%4&,6)23$%-$%8,%4/H(90805)$%$6%-$%8,%/0()0805)$%b%k]^!Xm>%)1>&2-&3&.-(#('#*"':%&$&3&.-(>%G&$//$/%U1)7$&/)6,)&$/%-$%R&,1($>%G,&)/>%]^YZ;

SKJG8QUU(G>%<$1&)>%a%G&0@8:'$/%-3%8,15,5$%40+6)23$%-$%<350%b>%)1%<*#c&/9(33(2%-'-4/(>%13'+&0%/4+(),8>%<-"./-)'-4/(#('#3-''5%*'/%(%kK088023$%-$%K831H>%]`P]_,7&)8%]^`Vm>%G,&)/>%]^`V;

uuu>%K&/%#3*#$&5'-4/(>%*,88)',&->%G,&)/>%]^_Z;uuu>%a%f1%,44$88$%($8,%6&,-3)&$%K$8,1%b>%)1%K&/%#3*#$&5'-4/(+#II>%*,88)',&->%S$

K9$')1>%G,&)/>%]^_";uuu>%K&/%#3*#$&5'-4/(>%IY+#12%-%(#[/.&>%O0'$%!>%*,88)',&->%S$%K9$')1>%G,&)/>

]^__uuu>%a%S,%1,63&$%-,1/%8,%70)[%b>%)1%8&3'&)**(&",#%*-)&""5#,()#&"&7*'&$5()

=%*"E*-)()%k]V!Vm%-$%K9,&8$/%l0-)$&>%+-)6)01/%O&,1/PF3&04PL$4&$//>%=,37$I)1>]^VX;

uuu>%Y&Q*.(/%)#,(#3*#9&-N>%i$&-)$&>%G,&)/>%]^VY;

"!X

uuu>% a%Q$38% (0''$% A$17$1)/6$% 03% K0''$16% 8,% (&)6)23$% ',123$% -$% /6H8$%b>% )1<*".*.(>% 1r% ]]V>%<()# ("@(/N# ,(# 3*# )'Q3-)'-4/(>% 13'+&0% 0&5,1)/+% 4,&% -$%.,1)$8.$8,/>%+-)6)01/%S,&03//$>%G,&)/>%#3)1%]^^Y;

uuu>% H(# 3*# 3*"./(# =%*"E*-)(>% <,(9$66$% 8)66+&,63&$/>% (088$(6)01% a%G83&)$8%b>% G,&)/>]^^_;

uuu>%a%A$17$1)/6$%M%/+',16)23$%/,1/%/+')06)23$%b>%)1%17-3(#8("9("-)'(#9-".'#*")*$%;)%kK088023$%-$%K$&)/H>%]!P]^%,0c6%]^^Ym>%13'+&0%/4+(),8%-$%SJlW>%/03/%8,-)&$(6)01%-$%K8,3-)1$%l0&',1-%$6%=)(9$8%D&&)7+>%KLS%É%U1)7$&/)6+%G,&)/%W>]^^_;

uuu>%K&5'-4/(#,/#'%*,/-%(>%i$&-)$&>%S,5&,//$>%]^^^;uuu>%a%K016)13$&%<3'@08-6%b>%)1%]-3:(37#9&"#[/7O&3,'#`#1,-'(%#('#3-%(#[/7O&3,'>

<()#,&))-(%)#,d[010<0>%Q3448+'$16%+8$(6&01)23$%\%8,%&$73$%[-)'&-%(1$-)'57&3&.-(#<*".*.(%43@8)+%4,&%8,%Q0()+6+%-n9)/60)&$%$6%-n+4)/6+'0805)$%-$//()$1($/%-3%8,15,5$>%C3)1%!ZZ!%M9664Moo968;8)153)/6;C3//)$3;B&o13']o'$/(9011)(;96';

uuu>%Y-9%(`$&;7(>%.3'$&(9$I>%K&$)8>%!ZZ`;

S(RUKW>%#$,1PK8,3-$>%a%F')8$%A$17$1)/6$%b>%)1%1"2Q23&$*(,-*#G"-9(%)*3-)>%F-)6)01/-$%8n1"2Q23&$*(,-*#G"-9(%)*3-)>%K*%-)>%]^V`;

SQkULBW>%=09,'',-%.C,B,&>%a%S?v37&$%-?F')8$%A$17$1)/6$%b>%)1%<IcÜ>%1r!`><(2'/%()#,A17-3(#8("9("-)'(>%K$16&$%-$%&$(9$&(9$/%8)153)/6)23$/%-$%G,&)/%]Z>l,16$&&$>%]^^!;

SQU6iB(U>%=,&)$P#0/+>%I7*.(+#-2|"(+#52&"&7-(0#<()#)&/%2()#OQ?*"'-"()#,(3A-7*.-"*-%(#2&"'(7$&%*-">%+-)6)01/%-3%Q$3)8>%G,&)/>%]^^`;

SQUZB(MUK>%=)(9$8%k-$m>%1))*-)>%S)7&$%JJJ>%(9,4)6&$%V>%a%.$%8?,&6%-$%(01B+&$&%b>*,88)',&->%a%S,%G8+),-$%b>%]^`!;

SeZ(MUh>%#$,1%-$>%Y-2'&%#[/.&#('#3(#)$-%-'-)7(>%R$&1,1-%l,69,1>%G,&)/>%]^V];

UQWSBU6>%K8,3-)1$>%a%S$/%@8,1(/%-$/%',13/(&)6/%/,3//3&)$1/%b>%)1#F33(.%&#7*#"&"'%&$$&>%f49&H/>%!ZZ`;

QWUKW>%F/69$&>%$16&$6)$1%,7$(%<$1&)%=$/(9011)(>%a%<$1&)%=$/(9011)(%$6%8?3604)$%-3C3)B;%S$%40:'$%M%31%,(6$%+69)23$%b>%)1%B&"'-"//7+#C>%3*#D(9/(#,()#52%-9*-")-)%*53-(")#,(#3*"./(#=%*"E*-)(>%<,NB,>%',)%!ZZV;%D&6)(8$%-)/401)@8$%\%8?,-&$//$9664MooEEE;0'1)5&,49)$/;(0'o'0-38$/o/',&6/$(6)01o)6$';494p)6$')-q!ZXk7+&)B)+$%8$%!Y;Z^;!ZZVm;

VBW(J>%#$,1>%a%S?0&%-$%AHI,1($%b>%)1%1)$%-'>%',&/%]^`X;

"!Y

VK(WGK>%K9,&8$/%Q,1-$&/>%a%D%QH88,@3/%0B%K$&6,)1%O04)(/%0B%S05)(%b%)1%R:(#1))("'-*3K(-%2(0#>(3(2'(,#K:-3&)&$:-2*3#]%-'-".);%708;%!%k]V^"P]^]"m>%$-)6$-%@H%69$%G$)&($F-)6)01%G&0C$(6>%]^^V;%A800')15601%,1-%J1-),1,408)/M%J1-),1,%U1)7$&/)6H%G&$//;

uuu>%a%D%Qd$6(9%0B%S05)(,8%K&)6)(/%b%k]^Z^m>%)1%R:(#1))("'-*3#K(-%2(0#>(3(2'(,K:-3&)&$:-2*3#]%-'-".);%708;%!%k]V^"P]^]"m>%$-)6$-%@H%69$%G$)&($%F-)6)01%G&0C$(6>J1-),1,%U1)7$&/)6H%G&$//;>%A800')15601%,1-%J1-),1,408)/>%]^^V;

VRBZQU>%<*#D5$/O3-4/(>%S)7&$%JJJ>%)1%X/9%()#B&7$3;'()>%O0'$%J>%*,88)',&->a%A)@8)069:23$%-$%8,%G8+),-$%b>%G,&)/>%]^YZ;

VWQeJZ>%=,&($8>%a%D%4&040/%-3%s/6H8$t%-$%R8,3@$&6%b%k]^!Zm>%)1%1))*-)#('#*%'-23()>*,88)',&->%sR08)0%$//,)/t>%G,&)/>%4;%!V!%h%)1%B&"'%(#>*-"'(`8(/9(>%*,88)',&->a%A)@8)069:23$%-$%8,%G8+),-$%b>%G,&)/>%]^_];

uuu>%a%D%,C036$&%\%R8,3@$&6%b>%)1%B&"'%(#>*-"'(`8(/9(>%*,88)',&->%a%A)@8)069:23$-$%8,%G8+),-$%b>%G,&)/>%]^_];

WK6BW6>%*$0&5$/>%17-3(#8("9("-)'(>%6$[6$%101P43@8)+;

WK(G8>%Ç)89$8'>%<dI%%/$'-&"#,(# 3*#7&%*3(#)(N/(33(>% kG&$'):&$%43@8)(,6)01%$1%]^"!>,35'$16+$%-?31%,44$1-)($%$1%]^"Xm>%G,H06>%G,&)/>%]^_!;

W(G8BW6>%#$,1PG)$&&$>%K&5)-(#('#$%&=&",(/%>%Q$3)8>%G,&)/>%]^YY;

W(GQKeW>%G,38>%<*#S5'*$:&%(#9-9(>%Q$3)8>%G,&)/>%]^_Y;

W(LLBZKWWK>%=)(9,$8>%a%.$/(&)@)15%40$6)(%/6&3(63&$/%M%OE0%,44&0,(9$/%60A,3-$8,)&$?/%S$/%K9,6/%b>%Ö*3(#T%("2:#>'/,-()%1r"`P"_>%]^`_;

WQ8K(S>%*+I,>%a%G/H(9,1,8H/$%-$/%(3863&$/%4&)')6)7$/%b%k]^"!m>%)1%K)Q2:*"*3Q)(#('*"':%&$&3&.-(>%*,88)',&->%G,&)/>%]^`_;

JBV(W>%F-E,&->%<*"./*.(>%F"#I"'%&,/2'-&"#'&#':(#>'/,Q#&=#>$((2:>%<,&(03&6%A&,($,1-%K0'4,1H>%Q,1%.)$50%É%l$E%Ñ0&d%É%S01-01>%]^!];

uuu>%a%O9$%U1(01/()03/%G,66$&1)15%0B%A$9,7)0&%)1%Q0()$6H%b>%)1%R:(#G"2&")2-&/)#6F#>Q7$&)-/7>%F;Q;%.3''$&>%$-;m>%}104B>%l$EPÑ0&d>%]^!_>%&$4&)/%-,1/%>(3(2'(,]%-'-".)#&=#1,^*%,#>*$-%%-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/D15$8$/>%]^`";

uuu>%a%O9$%*&,'',&),1%,1-%9)/%S,153,5$%b>%)1%F7(%-2*"#S(%2/%Q+#I>%]^!X>%&$4&)/-,1/%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%%-"#<*"./*.(+#B/3'/%(+#*",#K(%)&"*3-'Q>

"!`

$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0B%K,8)B0&1),%G&$//>%A$&d$8$H%,1-S0/%D15$8$/>%]^`";

uuu>%a%K3863&,8%D169&040805H%,1-%G/H(9),6&H%b>%)1%{&/%"*3#&=#FO"&%7*3#*",#>&2-*3K)Q2:&3&.Q+#Pf>%&$4&)/%-,1/%>(3(2'(,#]%-'-".)#&=#1,^*%,#>*$-%%-"#<*"./*.(+B/3'/%(+#*",#K(%)&"*3-'Q>%$-)6$-%@H%.,7)-%*;%=,1-$8@,3'>%U1)7$&/)6H%0BK,8)B0&1),%G&$//>%A$&d$8$H%,1-%S0/%D15$8$/>%]^`";

uuu>%F"':%&$&3&.-(>%O0'$%]>%B/3'/%(#('#$(%)&""*3-'5>%6&,-3(6)01%4,&%K9&)/6),1A,3-$806%$6%G)$&&$%K8)123,&6>%=)13)6>%G,&)/>%]^`_;

uuu>#<-"./-)'-4/(>%6&,-3(6)01%-$%#$,1PF8)$%A086,1/d)%$6%l)(08$%Q038+PQ3/@)$88$/>G,&)/>%+-;%-$%=)13)6>%]^`Vh%&++-;%G,&)/>%*,88)',&->%(088$(6)01%a%R08)0%b>%]^^];

JBeJJeWK>%R$&-)1,1-%k-$m>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%k"%B,/()(38$/m>%+-)6)01(&)6)23$%4,&%L3-08B%F158$&>%<,&&,//0E)6I>%Ç)$/@,-$1>%]^`_;

uuu>%B&/%)#,(#3-"./-)'-4/(#.5"5%*3(>%F-)6)01/%G,H06%$6%L)7,5$/>%G,&)/>%]^^Y;~4&$'):&$%+-)6)01%-3%B&/%)%4,&%K9,&8$/%A,88H%$6%D8@$&6%Q$(9$9,H$%$1%]^]`%,3[+-)6)01/%G,H06%h%+-)6)01%603C03&/%(9$I%G,H06%$1%]^_!%)16+5&,16%8?,44,&$)8%(&)6)23$-$%O388)0%-$%=,3&0%6&,-3)6%-$%8?)6,8)$1%h%403&%8?0&)5)1,8%-$%($/%106$/%$6(0''$16,)&$/>%S,6$&I,>%]^`_;

uuu>%12%-')#,(#3-"./-)'-4/(#.5"5%*3(>%6$[6$%+6,@8)%$6%+-)6+%4,&%Q)'01%A0323$6%$6L3-08B%F158$&>%+-)6)01/%*,88)',&->%G,&)/>%!ZZ!;

uuu>%R%&-)-;7(#2&/%)#,(#3-"./-)'-4/(#.5"5%*3(#bLaLW`LaLL_#,A*$%;)#3()#2*:-(%),A17-3(#B&")'*"'-">%$-)6$-%,1-%6&,1/8,6$-%@H%F)/3d$%}0',6/3%,1-%L0H%<,&&)/>S,153,5$%,1-%K0''31)(,6)01%S)@&,&H>%i083'$%]!>%G$&5,'01%G&$//>%f[B0&-%Él$EPÑ0&d%É%Q$038%É%O0dH0>%]^^";

JZBWQC(UJO(>%#$,1>%<()#S&')#)&/)#3()#'06/>%<#()#*"*.%*77()#,(#T(%,-"*",#,(>*/))/%(>%*,88)',&->%G,&)/>%]^_];

Z8QSBJ16lBbe(U%k/,)16m>%H(#Y(%-'*'(%kZ/*()'-&"()#,-)$/'*'*(#,(#9(%-'*'(m%h%70)&9664MooEEE;(0&43/690')/6)(3';0&5o2-7Z!;96'8%k7+&)B)+$%8$%!Y;Z^;ZVm;

ZQ6QWQ[>%OI7$6,1>%H(9&-%)#('#,53-2()>%G"(#9-(#,(#$*))(/%>%Q$3)8>%G,&)/>%!ZZ!;uu%k+-m>%R:5&%-(#,(#3*#3-''5%*'/%(+#R(N'()#,()#=&%7*3-)'()#%/))()>%&+31)/>%4&+/$16+/%$6

6&,-3)6/%4,&%OI7$6,1%O0-0&07>%Q$3)8>%G,&)/>%]^`Y;

\8QWL>%A$1C,')1%S$$+#<*"./*.(+#R:&/.:'#*",#D(*3-'Q+#>(3(2'(,#]%-'-".)#&=8("@*7-"#<((#]:&%=>%=,//,(93/$66/%J1/6)636$%0B%O$(910805H>%K,'@&)-5$>=,//,(93/$66/>%]^Y`;

uu>%<-"./-)'-4/(#('#*"':%&$&3&.-(>%6&,-3(6)01%4,&%K8,3-$%K,&'$>%.$10à8%o%*0169)$&>G,&)/>%]^`^;

\8hZK>%S,1($806>%<A-"2&")2-("'#*9*"'#T%(/,>%G,H06>%G,&)/>%]^_];

"!_

=Q0'.&?.L&DQ=R.F.LQ1(*+M)7$)$2& OR*+7$65:+,$*& W

89:;<:9:!8"9=<:!7"#$%&'%(&$)%*!7!%2*!->?@'.*!3%!0(2)()* AA

T<&0-*1-*,2+-&-2+M,#&)2B:"(*(#B2+-&U TT

O<&';,*:$*2:,-*+&3&5*-&(*+"7$)$#$G,- OP

V<&';,*:$*2:,-*+&3&L(52257- OW

W<&H*-&1$#$*+%&$92:57-X&/(,2&)-72%1%7(*+-&3&07%(# V]

Y<&'(&2:,-*:-&,*+5,+,1-&6-&#;-Z)%7,-*:-&3&L(),7 WV

[<&0-*1-*,2+-X&?-77,6(&-+&#-2&:(+%G$7,-2& [T

]<&'-2&2+75:+57-2&,*:$*2:,-*+-2&3&'%1,ML+7(522 \V

I<&^7-56&:"-_&0-*1-*,2+- \I

B:CD<:;:!8"9=<:!7E*!0(2)()*!F@?-.G%* AHI

T<&0-*1-*,2+-&-+&#-&)$>/- TWO

O<&a&!;-2+&5*-&7-/,2-&-*&45-2+,$*&6-&+$5+#-&)$51$,7&2,G*,b,(*+&+7(6,+,$**-#&65&#(*G(G-&c&3#(&)$%2,-&:$*+7-&5*&7%(#,2/-&65&#(*G(G- TY[

V<&!;-2+&5*&/$*6-&)(7+,:5#,-7X&)-72$**-#X45;,#&b(5+&6;(9$76&6%:7,7-X&:$//-&5*&:$2/$2*$51-(5&-+&2)%:,b,45- OTW

W<&'(&)$%2,-&-2+&5*-&#(*G5-&%/$,"%('"(&d&#(&#(*G5-<.##-&-2+&.#/)&#-&#(*G(G-&$76,*(,7-& OOO

Y<&.*&)$%2,-&#-&2B*+(G/-&2;%+-*6&)#52&#$,*45-!2-2!#,/,+-2&G7(//(+,:(#-2&& OYO

[<&'-&#(*G(G-&)$%+,45-&-2+&5*&#(*G(G-&,:$*,45-& O[O

!$*:#52,$* O]\?$:5/-*+2 OIOR*6-Z&6-2&*$/2 O\IR*6-Z&6-2&*$+,$*2 VPP0,9#,$G7()",- VTT

"!V