MYTH OF OVERPOPULATION --EXPOSED

8/3/2019 MYTH OF OVERPOPULATION --EXPOSED

http://slidepdf.com/reader/full/myth-of-overpopulation-exposed 1/56

Ì

W`_YW`Z`[SZSZY[ZW[X`W[_`bWcWV_W\ÙSS\\^[SUW_`[`WVWS[X

[bW^\[\aS`[ZS[^W`_\WbVW[_` WVWbW^\[\aS`[Z`WS_W[[S``

TWX[^WcWTWYZ`[U^ÙW``_X[aZVS`

``\ÈÈ[bW^\[\aS`[Z_SÙ[ÈUS`WY[^ÈUS`WY[^W_È\[\

@#DJ@@9@

03 4: 9,0 3 31472,943 ,70 57080390/ 9 ,3 /0, 47 ,70 0;,:,93

,/;07983 9070 ,70 80;07, 938 9,9 390039 50450 /4 789 90

/0907230 90 249;,9438 147 , 507843 57080393 90 /0, $0.43/ 90 44

8059.,,9905708039,9439480019.43147289901,.9838.03.0901,.98

/0, 9 574-,-9 9 2,3 54845., 704:8 84., 0.4342. 47 09.,

/0,8982:.2470/11.:994 09,574-,-94197:9,7,7/0;0450/90

/0,41.422:382070504504:/47,8,7/,89.4:/,3/4://897-:90900,9 ,..47/3 94 300/8 9 84:3/0/ 44/ 2,3 50450 -4:9 394 90 /0, -:9 9

//3947-0.,:8050450858.44.,2,0:58//349.47708543/9,9,7

94:94:/,5503390&$$#9013,,;0394907,.410.4342.8:..088

33, 90 ,/4590/ 8420 .,59,89. /0,8 ,3/90 84.09 944 4110;03 94: 9

,890422:389!,793.,70

09809394,3,343041902489;00/8059.,,5574,.089490/0,41

4;07545:,943 2,47 098250;/048 990/ %0 ;07545:,9439 !0,80

44,99-014700-0394.79.099814:3/,9

9954;07545:,9438,29.42.,9047.,904708545

__`WS_X[a^W\_[VW_[Z`WX^_`_[Z[bW^\[\aS`[ZcU_`WbVW[`[

TWSZSWVW^W`W_WU[ZV_[Z_`STZY`W\[\aS`[Z`W`^V_[ZX[[V_[^`SYW_

SZV`WX[a^`_[Z\[bW^`Z`WX[[cZY\SYW_`WU`S`[Z_X^[`WbVW[cTWZ

TaWWSa`[^_U[WZ`S^W_cTWZTSUWU`S`[Z_[XT[[_SZV[`W^\^Z`WV

ZX[^S`[ZcTWZVXXW^WZÙ[[^_`[ZVUS`W`W_[aÛW[X`WU`S`[Z

S_WVX[^\W^__[Z`[^W\^[VaUW`Wc[WbVW[W^WTa``W^W]aW_ cS_Z[`

SZ_cW^WVW^WcW^W_WbWZ\[Z`_ S``WbVW[SVW`[\^[bW`S``W^W_Z[

[bW^\[\aS`[Z\^[TWW\[Z`_S^WU`WVTW[c

/,9:870,8,94411905447

,9:894:9/4.947884:/39.:70/80,808

/!,:7.70,8,9,91,23084://0;,89,90:2,393908

,9890&!4/49057419174210,7

4,0;07430.4:/193%0,8



070,704:099390803:2-078

%047/8545:,94350,30,78!74;09

W^W_S_aS^[X`WU^Ù__[X`[_W_WbWZ\[Z`_WZW`\SYW_cY[

Z`[VW`SS_ [c`[_W\[Z`_S^WZ[``âW _[aVTWZ[`WV`S``WbVW[_

V_`^Ta`WVTSU[Z_W^bS`bWS`[U[^YSZS`[Z`SÙS_`_WX`W[\aS`[ZW_WSÛ

Z_`à`WWZWbSaS`ZYS\^[\[_`[Z_aUS_SZSVbW^`_ZY[^\^[\SYSZVS\WUWcWUSZTW_àZVW^_`SZV`W[`bS`[ZX[^`W\^W_WZ`S`[ZXcWaZVW^_`SZV`WTS_

!4398 ,3/ 288.42509090 2088,041 ,9:88 -448 .,709,9 1

9070 8 349 034: 144/ 50450 /0 0 8,/ 9,9 50450 70574/:.0 042097.,

0,7.:9:702574;0843,79209.,03074908-448390,908

,3/900,783,3///349,;0034:144/;0394/,98,2,472547907

41144/

!4398.4770.99,97.//8,9,93905701,.0418-44:970,/390

03970-444:13/4:99,990-,8.2088,04190-44799033897:0

!4399,08,5489439,9&390/,9438!45:,943:3/03.8842043

9010,7-:830888,2,47,724190&390/,9438982884389457490.94203

3.70,80 0/:.,943 147 1,2 10 ,3/ 94 ,55780 90 47/8 545:,943 41 ,9 8

,5503339072841:38,10./7,83,3/90/,3078413.70,80/545:,943

!439$,89,90;07430.,3193949089,9041%0,898,7/.:4:8.,21

50450,704394-03%0,8,3/8:7;;010;0743039047/0705:9394%0,8

90704:/-034,70,0191477,83144/90704:/-038:11.039,907,890708

94/,9%0,80893545:,943%0704:/-034744214774,/,8471,.94708

98,3,-8:7/:897,943

!4398,3/.42509028705708039905740.94384190&390/,94380

8:55480/:8394805740.943894-,.:590790889,90,703494;07545:,90/

%0&5740.943884:89904554890

%03095,08570803990,.9:,793841,9:8,3/7.,3/

570803990,.9:,&390/,9438545:,9435740.9438

$!%!$&#%%%&#

!$ # % %#$% $ %# #% %

!# # %#& &# $ $ &%

% #&$%#% &# !

!$ %% %# !! ' % &$ % '

%%%#!#&%#&%$$$%&#%$

& # #% % ' %% %$



$!!%$%%

$'#%#&%$%$$!$'$%

&$ % % ' & ' %% % # $ %

$ $$ % # $ #& % !# &%

&#!%%%#%'%

% %% % # $ #& % & $%& &' & %% % # $ % %& #& &%

#%#$%$!#$!%%#%%!

%%%!$

%# # &$& # &# &%$

$&#%$ $$# % ##' % % %#&% $

#% %$! '%%$$%% '#!!&%$

% &$$ $#% !##!$ $%

&$#% % #$$&$

%#%'#!!&%%#%$!##!&%

%%% #% %&% &#$%%

$$%##%%%$!#$%%

&##%'%&#!%&%

% %$ % ' %% &% & %% #

% %& %$ % %$ # !##!$ %$ $

'% &$!#% $%$ %% %

&# !$ %% '% % $$& $ &

& % &# % % %

#$ &# %& $ %#% '% %

#%%'#%&#

41 :8 -,80 4:793343 343574;,-0 -,8. ,88:259438343574;,-0 -

0257., 8.03.0 ;03 90 1,.9 9,9 0 089 ,8 -003 6:089430/ - 8420 8:. ,8

8450700094:90070,/0,839023/414/:95484507#03F

08.,7908 8,/ 9,9 93 90701470 ,2 $4 0 ,88:20/ 8 08903.0 3 70438

50450 ,88:20 ,8 , -,8. ,88:25943 9,9 9070 8,70 , 8:5073,9:7, -03 47 -038

!0450390089-00;0907084304/!0450390,8941903-00;032:950

4/84739040:3;0780-034/%0702,-084204907704:8,88:259438

8:.,890708,0,;0347,3,19071041842084799,94//70.984:7;089,9,41

90:3;078084/849,90;07,32,,3/5,39988,.70/9,9084:/47854:7

,3.0894789,9902,474/;0841;08390;4.,34,3/49078:./0,89,9;,7



1742-0018890294-00188902

3548458420 50450 :80 90 ,88:25943 9,9 0;0793 8 ,3 /0,,3/ 9,9

2,9907.42081742/0,49078-00;09,9/0,8.42017422,990749078-00;030907

,88:25943384.098420-00;09,9243,7.8-0898420-00;09,9,/024.7,9.

705:-. 8 -0898420 -00;0 9,9 , -079,7,3 4;0732039 8 -089$4 0 , 89,79 4:7

25479,399339343574;,-0/0,8%4439498370,907/09,70,/444190,-4;02039430/17000-4480708

%8 0,9 -448, 80708 41 /0,8 ,9 ,70 90 249;,9438 41 90 ,:9478147

793989942,0,4941243089943147250450,-4:99045943890,;0

3 .4483 4 94 7:3 907 ;08 8 9 94 80 ;9,23847 2 202-07858 8 9 94

574;/0,.42570038;0-:9305038;0,9073,9;0949005038;057390/-448%8

,8970,843,84:743-,8%0543989,9907080307,,-,803,3/0,47,

8070841/0,8857080390/14:,7094-0,9335078434:,3994:3/0789,3/

90-,84190/0,-0357080390/984-;4:89,990-,841,.,70990.425,3,

.070, 574/:.07 47 , .4908 2,3:1,.9:707 8 94 09 4: 94 8503/ 4:7 2430 43 907

574/:.983903900.9:,10/50450,704190397394094:94,..059907/0,8

$0.43/2,47.43.07389097:94190/0,-0357080390/%070,70/1107039

,89,950450-00;0/0,8$420-00;0-0.,:80,5078433,:947994/902

5,7039 , 90,.07 ,3 00.90/ 705708039,9;0 , 57089 47 238907 , %' 47 7,/4

507843,9470;03,1703/2,057088,/0050//0,$42092089,9/0,,7008

9 4:7 43 /0, 84209208 9 .,0308 9 :9 3 0907 .,80 90 /0, 84:/ -0

8.7:930/ 0;03 1 9,7008 9 4:743453438 00593078 .4393:, 6:08943

907 /0,8 30 574108847 ,8 8,/ 9,9 23/ 2,/0 :5.0,808 94 089 1907 ,

23/8,70147933

02:89,846:089439084:7.08414:743340/0390&$94147.08

.,32947025,80,9308857080390/,3/49857080390/390430,3/

4: ,;0 4 08070 2,341 985708039,9438 7010.990;08 ,3/ /0870841 98

4307#:5079:7/4.9841903.79.0/--039445,79,94,-079,7,3,5574,.

%0490770,93207.,3-74,/.,89389,9902470545:,7905747,290

2470 24309 .,3 /02,3/14798,/;07983 5747,2 9,9 ,8 4190 ,:/03.0

.,3:8:,/02,3/9.0,82:.2430147,80.43/.42207.,9,3,5747,29,9

,8434190,:/03.0%0$:5074-03902489,9.0/5747,2,890

248905038;0,/8$3.0902,34-0.9;0412489900;843,3/7,/4-74,/.,893,8

0,83085,5078,3/490720/,8942,024309075747,2232:897010.9

90/087084190,:/03.087,9079,39097:941,98,5503339047/!:-.



-74,/.,893.88:-8.75943-,80/8900.05943949870,9

3089073:7450907080307,, 2470:3-,80/,3/.42570038;0,5574,.

94308,34190.4:39708,;05:-.8:554790/3094789,9,702470094

;0:3-,80/308,3/0110.9;0/0-,905747,28439088:083904907,3/8420

.4:39708 0 #:88, 3, 7,3 ,3/ 4907 :82 .4:39708 41903 2,3,0 90 308

:990 7,- 30947 ,007, 8.422437,90/ ,-4;0207.,3 309478147 984-0.9;9 :9 9 13/8 9,9 41903 9 8 570:/.0/ ,,389 - :82 4;07320398 ,8

,55030/ 3 $05902-07 41 3 ,74 43806:039 9 8 /11.:9 47 25488-0 147

2489 50450 3 90 47/ 94 09 :3-,80/ 308 43 900;843 47 7,/4 ,3 3907309

84:7.0841308,700;032470-,80/$498/11.:994340907,90930

34.4208.480949097:9

9908094/0,8323/:3/0789,3/390-,8084190507843990/0,

903 0;,:,939,9 /0, ,,389 90 -089 0;/03.0 ,;,,-00 2, -0 ,-0 94 .420

.480794,574-,-0,3807%054845070470008,/9,990,/0,8

/0;04589,901789,;0,9088,3/0,-:917429,941903/0;0458,3,399088

,3 4554890 /0, 903 90 3007 /0,8 -0.420 , 839088 41 90 4/07 /0,8 %0

839088045082470574-,-0

%0 178993 0300/94 /4 8 44 ,9 -,808%0 47,3,9439,9 5:984:990

;/04890!45:,943#080,7.3899:90%,984:3/8;07411.,-:99 2,88901,.9

9,990,70349,.9:,7080,7.3-:97,9075:9934:95745,,3/,9,9.4:3907890

0;/03.0 41 /0247,5078 ,3/ 03;7432039, 8.039898 9 ,8 -003 90470/ 9,9 90

47,3,943 8 , 17439 14790 ,94. :7. 9 ,8 14:3/0/ - ,907 !,: ,7 3

9857080390,/0/-$90;034807,0/:.,90/,94.7907

,3/ 7080,7.07 4 ,8 330 ./703 3 , 8500. ,9 , ,94. :7. 0 94/ 90

,:/03.09,90,/43.0-003147,-47943-:9,19078003147.0/,-47943833,0

-0.,20,39,-47943,3/.43;0790/9490,94.:7.

4 09 :8 44 ,9 ,9 90 ;/04 8,8 ,3/ 070 9 .,3 -0 390757090/ ,8

5745,,3/, 7,907 9,3 97:9 %0 ,38078 94 90 430 5,7,7,5 5709098 41 90 ;/04

.,3349-0 /430 3 , 830 5,7,7,5 &3/0789,3/3 ,3 88:0 706:708 2:. 247041 ,

/05941389 9,3.,3 :8:, -0/430 3 , 5,7,7,5 8 2:.,85488-0 0

,990259 94:809047/84190507843-03.79.0/3 90 ;/0494 :891 847 07

548943

%080,7090543989,990;/04,9902598942,0

%017895439894.79.09088,4390!73.5041!45:,943-90

#0; %42,8 ,9:8 . ,8 5:-80/ 3 ,3 .70/9 9 ,8 -03 90 1789



089073 793 4390 574-028414;07545:,943 %0 ;/04/,4:0 8 3-:090

793841,9:8370/

.42243 2094/41 .79.3 ,3/ .70,935745,,3/, 8 94 9,0 , 909 41 98

.43909 %8 903 -0.4208 , 570909 842093 9,9 8 5:9 147,7/94 .43.0, , 97:0

5:75480 &31479:3,90 -0.,:80 41 90 29,9438 070 0 ,84 2:89 9,0 9098 4:9 41

.43909 40;07 0 ,;0 ,9902590/ 942,39,390 97:0 39039434190 ,:947 %0

.,79,-0.43.073841,9:80709497942990545:,9439490144/,;,,-00

8,9,990544707089,7;3472,34:780/,3/0,390/0;0743094,;0,2470

034,-0100,843490/9,93859041!,7,203989700503308,/,301,70

5,203989,8349034:0,848,9,90;031!,7,20397,80/905,2039890

4:/433.70,8090.48941144/-0.,:80907.4:/89-0,-094,1147/945,

07 57.08 147 90 290/ ,24:3941 144/ 9,9 ,8 ,;,,-0 9490 545:,943%0

,:9478 4..,843,:3/0730 47 2,0 -4/ 8420 4190 90989,9 ,70 5,79.:,7

25479,3994025,80

%0;/04-038

%029414;07545:,943-0,333,3/303,;.,73,20/%42,8

,9:8 4 1,3.0/ 2801 842093 41 , 2,902,9.,3 8, 9,9 144/ 574/:.943

3.70,80/ 3.702039, -:9 50450 3.70,80/ 0543039, 0 8,9 /43 ,3/ // 8420

82502,9,3/8:22,7/0./0/9,99047/4:/-04:941144/-

984:/-0 3490/070 9,9,9:8 70;80/8 473,-445:-80/ 3

,3/ 8 89 ,3/ ,89 0/943 ,8 5:-80/ 3 %0 0.07598 :3088 490780

3490/-0174290,890/943

3,3/,8,70,/443144/8,9:8749038,890/943

[[S\`W^X[[^Sc_'

%47020/901706:039/8970880841905447,89403147.09077001,;0-0033899:90/ ,3/ 3 90 089,-82039 41 , 0307, 88902 41 98 3/ 3,3/ ,8

5,79.:,7/893:80/07801:99894-010,70/9,994:92,,;0,0;,90/, 990 90 390389 41 3/;/:, 281479:30 9 ,8 8570,/ 90 0; 4;07 , 2:. ,7078:71,.0

'

9 8 , 8:-0.9 4190389,790/ 3 .43;078,943 ,3/ 2039430/ ,,8 ,8 , 2,9907 4170,98:757809,9349989,3/3902203808:2.8,33:,.40.90/14790

5447 3 98 .4:397 9070 8 89 84 2:. /897088 ,243 902 $420 93 9,9 902430 2:89 -002-00/14757;,90:80490789,9 90.:7.,7/038,3/ 4;0780078.438:209070,90895,79419310,893,7009,98420447490792:89-0;07 2,3,0/ 3 8479 90 1,.9 9,9 0;03 -01470 90 ,90 8.,7.908 9700 2438 070



.40.90/ ,33:, 147 90 5447 ,3/ 09 9,9 907 /89708808 070 349 7024;0/ 8 908:-0.941.4393:,,894382039:9,2,34448,990-04908:71,.0419384:/ -02:. 2470,894380/ 1 901,.9070490780 9,3 9 8 4-807;0/94 -0 470;03 1 , .40.943:3;078, 4109003838 3 90 54:3/3890,/ 41 14:70702,907,94,9079

'

$:554809,9-,8:-8.7594341907.9009003503.04794838.203 0,73 34 070 2,/0 :5 1;0 838 9 29 -0 2,30/ 507,58 9,9 904:/903-0,-094;0.421479,-,3/,;0,50.04120,90;07/,147907

/3307 :9 98 4:/ -0 , ;07 1,80 .43.:843 %0 97,38107 41 9700 ,//943,838 , /, 94 0,. ,-4:707 4:/ 349 3.70,80 90 6:,399 41 20,9 3 90

.4:397%0708349,95708039034:147,94,;0,24/07,908,70,94:/903-090.43806:03.090.42509943,24390-:0783902,7094120,94:/7,5/ 7,80 90 57.0 1742 09 503.0 47 330 503.0 94 94 47 9700 838 3 90

54:3/,3/90.4224/94:/349-0/;/0/,2432,324709,398,9570803903,3,79.088.,7.0,3/.,3349-0/897-:90/94,09,9.,380902489;,/

5,90399,9809,94110789024892430-0.42089054880884710.,38:55480

90.42509943,24390-:0784120,994.4393:043034:147,70,9073:2-0741.,990 94 -0 70,70/ ,33:, 98 .4:/ 43 -0 /430 ,9 90 050380 4190 .473 .4:/ -0, ;07 /8,/;,39,04:80.,30147980 3439,990.4:397 .4:/3499038:55479908,20545:,943,3/038:-88903.088.,7.0357454794394903:2-0741504509841990.43806:03.00907904089202-078419084.09

548808894838471;0%02:89,9,0;0398-070/:.0/94;0:54390,7/0891,70,3/39082,0896:,399

390/,841,9:89070,834701707,94347.094005144/8174274993

,3/ 9:733 7,3./ %0 7.50450 29:39 1708,20 43907 089,908%0 29

,84824020,98,8,,41570807;3902!4475045080/424920,9:308890

070 :. 034: 94 .,9. ,20 %480 4 7,80/ 1,72 ,32,8 29 574;/0

90280;08920,9-:9905447390.908,/348:.459433.70,833:2-07841

5045007024;39490.908-0.,:80907029-04-8,;,,-03901,.947089,9

070/0;0453-0.,:8041903/:897,#0;4:943

$4144/-4936:,399,3/6:,9,8384798:55%88,95742590/

,9:88088,!,7,2039,8;301,705,2039894905447

!4394190;/04

38 88,4390!73.5041!45:,943,9:8.,81473.70,80/2479,9,243905447

0708,9,9:8,/948,90./703-473-043/,94:/-0706:70/94005:590545:,94394

980;02:8930.088,75078:30887442-02,/0147902-90/0,9841743 5078438 %4 ,.9 .43889039 90701470 0 84:/ 1,.9,90 3890,/ 41 1448 ,3/;,303/0,;47394250/0904507,9438413,9:703574/:.3982479,9,3/10/70,/909441706:039;89,9434190477/1472411,230084:/80/:4:803.4:7,0 90 4907 14728 41 /0897:.943 . 0 .4250 3,9:70 94 :80 3890,/ 41



70.42203/3.0,3308894905447084:/03.4:7,0.4397,7,-9834:79438084:/ 2,0908970098 3,77407.74/ 247050450 394 90 4:808 ,3/ .4:79 90709:7341905,:0390.4:397084:/-:/4:7;,0830,789,3,395448,3/

5,79.:,703.4:7,0 8099020398 3, 2,78 ,3/:3408420 89:,9438 44',5'

0-8909,9,8349394/494;07545:,94347490784.,574-028%0

'.947,3 0- 995;.947,30-470.4342.82,9:892 ,8 .79.0/9480 4 ,;09,03 9,9 5,7,7,5 . 90 8, ,8 -003 9,03 4:941 .43909 94

:897,908:55480/,3248941905447-,9:89845343

%42,8,9:8,/8420,78;0843545:,943749,3/905447

-:94302:89349289,0743.8,7.,89.478,97.5,88,08147843-0018

470,2509017895,7,7,54144',5907'41900/943413

88, 43 90 !73.50 41!45:,943 8842092086:490/94849,9,9:8

80/03:30,7294905447:970,/93.4390941900397088,

9,95,7,7,59:7384:994-0743.,3/070,//349-00;0,908,/39,95,88,0%013,5,7,7,54190570.0/3.,5907,89014:3/,943

1478,55,7039489047/8,,389905447

1 ,1907 , 40;07 9080 ,7:20398 84:/ ,550,7 38:11.039 1 0

70574-,90 90 /0, 41 03/0,;4:73 94 03.4:7,0 90 ;79:0 41 247, 70897,39

,2439054471742 , 10,741574/:.3;.0,3/ 1 093 9,994 1,.9,90

2,77,0-,5488-020,388,543941901789.43806:03.09490247,9

,3/ ,553088 41 90 50450 09 :8 ,.9 .43889039 ,3/ -01470 0 574.00/

03/0,;4:794 2,0 4:780;08 ,.6:,390/ 9 90 24/0 - . ,430 0 .,3

0110.94:74-0.944',5907'(

94:/,;0-003088.431:83190945,7,7,58,/-0035,.0/3

90 8,20 .,5907 070 0 8 8,3 9,9 1 0 .,39 .43;3.0 50450 9,9 ,90

2,77,0 8 -0301., 098 0,230 ,3 ,5574,. 9,9 03.4:7,0 0,7

2,77,0,9 1448 8 ,3097020 89,90203941 ,9 0 -00;08 4:/ -0 ,

.4388903954.147504504939,90,72,77,08,70.43/:.;09444/

247,9 0 8 349 /08.7-3 ,9 0 ,398 94 4..:7 0 8 8,973 90

5745430398410,72,77,0%05,7,7,59,91448870238.03941$198

4/089!74548,49043,943$19,8,84,.072,3144390

3.,370430570.00/0/,9:8-,-4:9,.039:7,34187938

0708,97.,,.422432094/41.79.384.,70,9083$197490

908,970%,041,%:-3.08,97.,.,89,90/-49,;382,3/

,94.82 3 0 7490 90 8,97., 4/089 !74548, 3 . 0

8:0890/9,994 ,0;,9054;079 ,3/ 545:,94390 78 4:/ /4 0 94 0,9



907 ./703 3 0 5:-80/ :;078 %7,;08 ,34907 8,97.,

2,890750.0

3/9070,843341,9:8.4393:08

9 8 ,3 0;/039 97:9 9,9 ,90;07 2, -0 90 7,90 41 3.70,80 3 90 20,38 41

8:-88903.0 90 3.70,80 41 545:,943 2:89-0 290/ - 9 ,9 0,89 ,190790 144/ ,8

43.0 -003 /;/0/ 394 90 82,089 8,708 9,9 8:55479 10 90 ./703 -473

-043/,94:/-0706:70/94005:590545:,94394980;02:8930.088,7

5078 :3088 7442 -0 2,/0 147 902 - 90 /0,98 41 743 5078438 9 ,8 ,550,70/

3/00/ .0,7 3 90 .4:780 41 98 47 9,9 3, 4/ 89,908 90 2,77,08 ,3/ -798

/0503/573.5,:54390/0,98,3/9,9907083403.4:7,02039940,7:343884

54071:,8,70,92479,9%4,.9.4388903990701470084:/1,.9,903890,/41

1448 ,3/ ;,3 03/0,;4:7394 250/0 90 4507,9438 41 3,9:70 3 574/:.3 98

2479,9 ,3/ 1 0 /70,/ 90 944 1706:039 ;89,943 4190 477/ 147241 1,230 0

84:/ 80/:4:8 03.4:7,0 90490714728 41/0897:.943 . 0 .4250 3,9:70 94

:80 3890,/ 41 70.42203/3 .0,33088 94 90 5447 0 84:/ 03.4:7,0 .4397,7

,-9834:79438 0 84:/ 2,0 90 8970098 3,77407 .74/ 2470 50450 394 904:808 ,3/ .4:79 90 709:73 4190 5,:0 3 90.4:397 084:/ -:/ 4:7;,08

30,7 89,3,39 5448 ,3/ 5,79.:,7 03.4:7,0 8099020398 3 , 2,78 ,3/

:3408420 89:,9438 :9 ,-4;0 , 0 84:/ 70574-,90 850.1. 7020/08 147

7,;,3/80,808,3/9480-030;4039-:92:.289,032034 ,;094:990

070 /43 , 807;.0 94 2,33/ - 5740.93 8.0208 147 90 949, 0975,943 41

5,79.:,7 /847/078 1 - 9080 ,3/ 82,7 20,38 90 ,33:, 2479,9 070 3.70,80/

174234794347029574-,-0;0743041:82,77,990,041

5:-079,3/0910-0,-84:9089,7;0/

%078 70.42203/,943843 ,55 1 8420430 /0870890545:,943

94,;00,72,77,08,9:8/408349,5574;0410,72,77,088408349

70.42203/3,9074903905,7,7,5%00397088,4390!73.50

41!45:,94382489/01390349,8,970:99017895,7,7,5344'

,5907'88,97.,,3/19,038074:8;0,280,/325708843

41,9:8

!4394190;/04

,9:894:9/4.947884:/39.:70/80,808

:9 ,-4;0 , 0 84:/ 70574-,90 850.1. 7020/08 147 7,;,3 /80,808 ,3/9480-030;4039-:92:.289,032034,;094:990070/43,807;.0942,33/-5740.938.020814790949,0975,943415,79.:,7/847/07844',5'

347/0794849040.439094190.,59079,990,-4;0803903.0,89,03

1742 0 ,;0 3.:/0/ 90 40 .,5907 -04 9 025,808 3 80;07, 5,7,7,58

,980;/03989,9.7451,:708,;04..:770/,3/9,90;0394:98.,7.0.745890



545:,943 ,8 3.70,83 1,8907 9,3 144/ .4:/ -0 574/:.0/ 8 2,47 /0, ,8 94

70/:.0 2,77,08 84 9,9 1007 ./703 4:/ -0 574/:.0/ -:9 83.0 9,9 ,839

4..:773504504://01742/80,8084789,7;,943,9:8,847394570;039

8:.2807,9,9:88,/,84-;4:897:0190708349034:144/50450

/0,8 8 ,5503394/,3$42,,,3/ 49075,798 41 90 47/,5907 ,3/

0,7075,7984198.,5907.431729,99088;0394/,9,90.438/0794-0,/;,3.0/20/.,,3/,7.:9:7,340/0'$9:-07.:4882,,7,,3/4907

/80,80814:78

%05,7,7,59,9,9:874908370/%8803903.09,990;/0457080398,8

,4097:988433-:0

[[S\`W^X`W[Z_W]aWZUW_[X\a^_aZY W[\\[_`W[VW

''

9 8 ,3 0;/039 97:9 9,9 ,90;07 2, -0 90 7,90 41 3.70,80 3 90 20,38 418:-88903.0 90 3.70,80 41 545:,943 2:89-0 290/ - 9 ,9 0,89 ,190790 144/ ,843.0 -003 /;/0/ 394 90 82,089 8,708 9,9 8:55479 10 90 ./703 -473

-043/,94:/-0706:70/94005:590545:,94394980;02:8930.088,7 5078 :3088 7442 -0 2,/0 147 902 - 90 /0,98 41 743 5078438 9 ,8 ,550,70/3/00/ .0,7 3 90 .4:780 41 98 47 9,9 3, 4/ 89,908 90 2,77,08 ,3/ -798/0503/573.5,:54390/0,98,3/9,9907083403.4:7,02039940,7:343884

54071:,8,70,92479,9%4,.9.4388903990701470084:/1,.9,903890,/411448 ,3/ ;,3 03/0,;4:7394 250/0 90 4507,9438 41 3,9:70 3 574/:.3 982479,9 ,3/ 1 0 /70,/ 90 944 1706:039 ;89,943 4190 477/ 147241 1,230 0

84:/ 80/:4:8 03.4:7,0 90490714728 41/0897:.943 . 0 .4250 3,9:70 94:80 3890,/ 41 70.42203/3 .0,33088 94 90 5447 0 84:/ 03.4:7,0 .4397,7,-9834:79438 0 84:/ 2,0 90 8970098 3,77407 .74/ 2470 50450 394 904:808 ,3/ .4:79 90 709:73 4190 5,:0 3 90.4:397 084:/ -:/ 4:7;,0830,7 89,3,39 5448 ,3/ 5,79.:,7 03.4:7,0 8099020398 3 , 2,78 ,3/:340842089:,9438 803903.06:490/3;/043-:0:9,-4;0,084:/70574-,90 850.1. 7020/08 147 7,;,3 /80,808 ,3/ 9480 -030;4039 -:9 2:.289,03 203 4 ,;0 94:9 90 070 /43 , 807;.0 94 2,33/ - 5740.938.020814790949,0975,943415,79.:,7/847/078 1-9080,3/82,720,3890,33:,2479,90703.70,80/174234794347029574-,-0;0743041:82,77,990,0415:-079,3/0910-0,-84:9089,7;0/

''

140;070,2,77,998,0,3/0989.4393:04:7007943894250/0904507,9438413,9:7002,7089,88:70/9,9,4:70114798-0;,3,9:70349347.,3349-0/010,90/3075:754808%030.088,72479,92:89.420384201472 474907 ,3/90 0975,943 41 430/80,80 43-09083, 147 90 -7941,34907507,5824701,9,0.,334940790,9078412807-570883902/433/11070395,.08.2:8930.088,72,090278084200700809043,3.0.,3450940110.94:75:754808-/7,3902411%498.4:7803,9:708.4389,39/70.934:7,9903943-90.,898020398.,,9,.4397,7.43/:.9



%080 .,898020398 ,70 2470 47 088 80;070 3 574547943 94 90 /0700 3 . 07,/2439438574/:.09073903/0/0110.9398.4:397,957080399080,/2439438,70

- 34 20,38 03970 300.90/ %0 570;039;0 .0. 94 545:,943 570;,8 94 ,.438/07,-0/0700,3/07.,898020398,703.43806:03.024/07,90-:910070, 94 2,77 ,9 90 ,0 41 5:-079 90 4:/ -0 80;070 3/00/ !49., 0;8 4:/

574-,--0 ,//0/9458.,504504,/0/ -.4389,39/897088,3/ ;890/-1706:039709:738 41 1,230 .4:/349 -0 059/43-:9 - ,.7:0 /08549820

84:/,5574,.949089,9041905045035947-883,,3/4:/,8

090739,9.,8098574-,-09,9084:/-02470;79:4:8

''

!8.,38,;043702,70/9070,9.,308.9,05,.03/80,808,3/9,9 0 8420 ,550,7 94 0/ 94 90 0114798 41 :2,3 .,70 ,3/ 8 49078 8002 94

-0.420357454794324702,3,39,3/1,9,7,20-07/035:-80/3494383.0 8420 ;,:,-0 4-807;,9438 43 98 8:-0.9 /0/:.0/ 1742 90 43/43 -8 412479,9385701,.0850,3419080-808,8907,/:,.,308900-935,79.:,7/80,808.47708543/9490,907,9438.39 20,70343949,05,.0390.,3308974:.9070,98970,2412479,98.4389,391433

90-4/41847,1907,7/8850,34184205,79.:,7/80,80804-807;0899,9.,3/4:7.,,8/893:80897:08.03.0983490,894;0,

8,981,.947 70,843 147 ,90.,308.2,-04-807;0/ 949,05,.0390

894741/80,80847 89,3/87,.0 9458.,381 907.,:808 ,704190384

7,/:,39074507,94347848:-90,8940:/03;089,943

''

450 8, 349 -0 ,..:80/ 41 5708:25943 3 ;039:73 94 8:089 9,9 :3/07.079,3.7.:289,3.088:..,3082:899,05,.0,3/507,5894:9,3,907,94339480 5742,90.,:808 .,70 :8:, 440/944390804..,8438 1 98 84:/

,550,794-097:093498002097,47/3,79,990248981:,3/8.0391.58.,38480-:83088 9 8573.5, 94 3;089,905742,90.,:80884:/

8420920880,7.1479080.,:8083;,3

''

3 90 .4:397 . 0058 98 545:,943 ,9 , .079,3 89,3/,7/ 1 90 ,;07,03:2-07412,77,08,3/-798-0;03980;/0399,990,;07,03:2-0741/0,98,84-0;03,3/94:8070-07/038209,54790.,3308974:.9070,98970,2 412479,9 8 .4389,39 143 ,,8 .43;0411,;036:,399

4108945:5,3419080.,33089850710.9.0,79,9908970,2412479,9

2:897:3970,907147.0974:842041904907.,33089,98 1007,/.,908420 /80,808 49078-0.420574547943,2470 1,9, 3 98 .,80 90 43

/893:8,-0.,:80890/,223:5,30.088,74:909412479,9,9:70

390,99,32039410770,95:75480880028,,894800:543900,0895,79

1985,79-02,/089743-:2,38 808008:543 903090,0895,79

,3/844338:..088433490,.,57.4:8/099,3390394394854799

4:7 8:110738 ,3/ .4389,39 94 /010,9 4:7 ,-4:78 -:9 0 , 3/ 94:

84209208 80;070 3897:.947 9 90 3903943 41 90,.3 :8 94 2,0 , 5,798

89743,3/94.,80;80,3/28071742900,793,;4/34301,:90,70944

,59947:339484204907-:90,,813/,9:701,91:940770,94-0.9,9

0;071,8089050.422970,/94,/2438:8414:7077478- 9031.94341



842058.,47247,0;190570;,03.04190570;039;0.0.94545:,943

3,8:11.039/0700070947024;02,3419480/80,808.34,11.9:809

-0,..425,30/-,.438/07,-03.70,804190;.04157428.:4:83907.4:78098 574-,-09,990/847/078,3/:3,5530889058.,,3/247,0;8,783174298;.0 4:/ 3.70,80 3 897039,3/ /0700 ,3/ ,/24383:8 80;07041 4:7077474:/ 5439 94 90 43 30 41 .43/:.9 ,5574;0/ - 3,9:70 70,843 ,3/ 7043,-89303.0 1742 2,77,0 9 0 .,3 8:55479 4:7 ./703 ,3/ .,899 9 9,9 5074/,77;08

''

390 .,80:8989,90/ 3.90545:,943 ,3/903:2-07 412,77,08

,708:55480/94-010/9030.088941,.,303902479,9418420/80,808

1742 90 /23:943 47 093.943 41 49078 8 .,5,-0 41 2,902,9.,

/0243897,943%0434-8.:79..,35488-3;4;0988:-0.9,780817429,3394.438/07,943900110.99,929-0574/:.0/-,/23:943412479,933.70,8390545:,943473/0.70,83903:2-07412,77,08%,9907024;,41,341905,79.:,7.,:808412479,9.,3,;0341:79070110.9:543545:,9439,39020,38418:-88903.0,4,3/9,99,834.079,3,3/30.088,731:03.043

908020,38418:-88903.0,701,.9841.9070,/072:89-0,70,/.43;3.0/1984507,9433903/394570;0392,77,0-/238390/02,3/14717088:550841./703 ,;0 34 /4:-9 ,3/ 9070 8 70,843 94 93 9,9 9 ,/ 98 0110.9 3 343.438/07,-0/07004390093.94341905,:0.,/8443,3/84/70,/1:7,;,0/98.4:39770-07/03/7,8,89735.9:7041901,;4:7,-0.,30

4-807;0/ 3 90 0,9 41 90 50450 41 3,3/ 83.0 98 5074/ ,3/ :89

,997-:908 9 94 90 2574;020398 . ,;0 7,/:, 9,03 5,.0 349 43 3

43/43-:93,70,99438,3/3902,330741;3974:4:9903/42

5,79.:,7970850.994.0,33088,3/;039,943:99080.,:8084:/349,;0574/:.0/900110.94-807;0/190,/349-003,..425,30/-,33.70,804190

570;039;0.0.,3/574-,-90857941.0,33088,3/-0990724/041;3.

903-0,394570;,-8570,/324700307,,/0.039,3/:801:57/0573.5,.4397-:90/94983.70,80%0/23:9433903:2-07412,77,0840;07,83498:11.039942,0:51479070,9/0.70,80412479,9174290093.94341905,:0,3/90897370/:.9434190/0,98390/80390709080,3/84204907/847/078-0.,20,24890;,308.039.438:259435,8,54504:9:3,.,3/9082,54-0.,2024702479,%0/033419080/7,38,830.088,794.,7741190545:,943.89702,30/70/:3/,39349989,3/3903.70,80/4507,94341 90 570;039;0 .0. ,3/ 90 5,79 . ,8 ,33:, /85480/ 41 ,3/ 03,-0/ 948:-889-903.70,8041,7.:9:70

''

7 ,,79 3 90 $09. 41 8 -030;4039 5,3 147 90 090723,943 41 90.,8:,82,54/7,8,1791:5.9:7041902479,9.,8-0034..,8430/-98 /8902507 ,997-:908 94 990 84 5747088 41545:,943 ,3/ 2,08 8420.:74:8.,.:,9438 43 90 1,;4:7,-0 0110.98 . 4:/ -0 574/:.0/ 3 98 70850.9 - 98090723,9438.43.:843840;0710,74:/349144174285702808,21,71742/4:-939,92438,3/243841:2,3-038,;0-003/089740/-90 82,54 :9 070 98 /0;,89,9438 ,8 7 ,,79 8:554808 2,3 94:8,3//0700870,9079,3905,:084:/89/4:-9090790,;07,0545:,94341900,79,/-003/2380/-902%082,548.079,34304190.,3308

,3/,;07-74,/430.3,9:70,845030/14790,8994:8,3/0,7894005



/4390545:,94394900;0419020,38418:-88903.0-:9,/98-003.480/490784:/,;0-0.420/07473043084:/,;0-00314720/3,3.0399208902479,91742,7,3/905,:0,83.425,7,-70,9079,3324/0733907,/:, /23:943 41 98 8970,2 41 2479,9 90 0307,943 ,3/ ,2489 :3;078,

570;,03.0419082,548,70,9,3/8973389,3.041430419480.,308390.,3308412479,9.4:994 ,,034:7,9903943,3/,32,90:894 5,9039,3/

50780;073 3;089,943 47 2 43 5,79 100 349 90 89089 /4:-9 9,9 1 903974/:.943 41 90 .454 84:/ 0975,90 90 82,54 ,3/ 09 90 3:2-07 41

2,77,08.4393:0908,2008,13/,;07507.059-0/110703.03903.70,80/2479,94184204907/80,808493.4:/570;039980110.9-:9,8://0389,7934:7,7.:9:70,3/19884:/9,05,.09349-0842:.439490

3:2-07 41./703 8,;0/1742/0,9-90 .454 34.:,943 ,89490,,728

4..,8430/ ,243 90 50450 41 5745079 - 90 ,90 8.,7.908 ,3/ 94 90

3.70,80/ ,38 41 1,72078 . ,;0 -003 84 ,-8:7/ 70574-,90/ ,2 8974340;073.30/94-00;09,9903:2-07412,77,08349398.,80702,3908,20-:99,9907,/:,9.2,-0050.90/94-09743439839070893945.41 :2,336:7 90,. :8494 2,090093.94341, 2479, /847/07,70,-088394:8,70,2574;020393900307,0,9,3/,553088419084.09

''

143.439025,93903.70,8041;.0.29.4393039144,3,990259943.:.,9090 /:941 247, 70897,39,3/ 903.70,80 41 28079,9 2:89 30.088,714490,99025989403.4:7,02,77,0,3/545:,9430.4209490.43.:84334994390710703,370850.9-:9940,;00;072,3948431700.4.0,3/7085438-043944/147900;.0/40830907,988,.43903/1474:/4334,..4:39/42470-:9.43903/9,9,957080390,70;071,71742/4398

''

243 90 407 .,8808 4184.09070905439 8 419070,908925479,3.090 5447,8 ,1147/ , /70.9 .4389,39 ,3/ 88902,9., 03.4:7,02039 94 2,77,0 -7024;3 1742 0,. 3/;/:, 9,9 0,; 7085438-9 . 0 4:/ 3.:7 - 90,8413,9:70147-733-0383949047/.0.4:/3498:55479:757;,90

-030;403.0 ,8 90 8,20 /70.943 ,8 90 5447,8 ,3/ ,2489 3;,7,- 903/8 9403.4:7,02,77,0,3/9406:,0,82:.,85488-090.7.:289,3.08412,770/,3/830203

''

2439007.,88084150450908:50747/893.9438.2,770/4203

70.0;0,3/902,70/3,9903943894.830420341,/;,3.0/,0,7005480/03,-0 2,32034,70,700,-0 30907 3 23/347507843 ,3/,70 -08/08 3 90,30411094.4480,5,79307,243904:3,3/1,73890,/41-03.43130/,83,9:70 80028 94 /.9,90 94 5078438 41 30,7 907 43 ,0 ,3/ ,..425820398 9 88.,7.094 -0/4:-90/ 9,9 90 10,7 41-03 ,3 4/ 2,/ ,3/419,9 8 ,3/ :3:897/.:0 . 14 84209208 ,99,.08 94 98 .,20 /7;08 2,3 4203 394 902,77,0 :343 9 203 42 90 /80 47 ,9 -089 94 42 90 ,70 50710.93/1107039 $:. 2,77,08 2:89 94 0;07 /0.,90 23/ ,550,7 990 -09907 9,3 0,

5745489438 ,3/ 90 41903 -:7/03 90 0,79 9 :330.088,7 ./703 94:9.425038,931479-,3,..0884341,553088,3/;79:094905,790890280;08



''

%74:4:9,907,384184.0990570;,345343870850.9390/:9,3/4-,943412,77,0 .,3349 -:9 ,;0, ;0754071: 31:03.0 %0 2,3 4 9389,93434:9419047/94:90,;3705708039,9;08-03/208,,;01,0/3,325479,39/:99484.09-0/85480/94147.07,9079,394705708883.3,9438 43 98 8:-0.9 ,3/ 03 8 70,843 7057080398 94 2 90 /11.:908,9903/3 , 1,2 0 03/0,;4:7 349 94 ,9903/ 94 9080 8:089438 89

/090723094;039:70,3/4509,9390/8.,7041,90.43.0;0894-08/:908,349-0/080790/-!74;/03.0

''

3,.;0/.4:3978:.,83,3/070,9,89014790/0.03.08,3/.421479841 10 570;,8 ,243 , ;07 ,70 .,88 41 50450 9 8 349 5488-0 9,9 9003.4:7,020398 94 2,77,0 1742 5489;0 3899:9438 ,3/ 570;,3 453438 84:/039704-8.:70909413,9:70,3/70,84343988:-0.9-:98990.4397-:90942,0 9 .425,7,9;0 0, ,3/ 3/893.9 3/ 9 98 4-8.:79 8 7024;0/ ,3/ 90

5447 ,70 :3/0.0;0/ 9 70850.9 94 90 573.5, .,:80 41 907 54;079 ,3/ 9,:994

349,9907,5530884728072:89/0503/.01:54390280;089.,3349-08,/9,9970,7/ 9490 70,9 6:0894341 2,77,00 0,;0 0;07 2,3 948 431700,3/1,7.4.0

[`W_X[^`_US\`W^

0.07850,341905745479434190-79837,3.02,08:8041,30,3/3897:.9;00570884343988:-0.994:0,7/8002894-08:11.039,,70419280108,80342-70/083,88,3.08089.0:/08,-9,38/0:3;39974809

;396:,970/,58080:.4397,7F85,7,3,9:704:5,7/08.7.4389,3.08247,08.02H20 7,55479 /,38 , 5:8 7,3/0 5,790 /0 , 7,3.0 089 /0 :3 /2389 /08 3,3.08 942 . 5 24 9 ,550,78 907014709,9 0 ,;03493247094/49,394809905045032,7889:,9438,3/4557088902-, -,/4;0732039347/0794,99,3,9549.,38,;090794.438/070/,884/087,-0,70,9574547943412,77,08,3/,70,957454794341-798

-807;,943843903.70,80,3/0.70,8041/110703980,808!701,.05 94

/594

%0,3.94507,9088574-,--3.70,8354;0793.43806:03.041,

8:5541,-4:79447,5/14790/02,3/-807;,9438433.70,80,3/0.70,804180,8085/5/509806'45,7980.9;,3/;



/8;5%08.,7.0,7;089841,3/%089,79070,:/0/94.079,39445,.0

174294,3/574;843,870,2,/014790/2380/2479,9#0,/390 40 .,5907 9 8 .0,79,9 0,8 .43.0730/,-4:9 102330 ,3/

/80,80,3/,84501:9,939003.04:/570;,4;0710.:3/9!4394190;/04

/!,:7.70,8,9,91,23084://0;,89,90:2,393908053847% 0!45:,94342-7.89,90/%0 -,990 94 100/ , 41 :2,39 8 4;07 3 90 8 90 47/ :3/074

1,2308:3/70/8412438415045089,7;094/0,93859041,3.7,85747,2802-,70/:54334

3 7. 5:-80/ ,3 ,79.0 3 90 0.9743. 4:73, 41 $:89,3,-0

0;04520397.7.!%0!45:,943 42- #0;890/$'44

$:2207070,/,/2990/9,98420418570/.9438//349.42097:00

.4:/349,;0570/.90/%07003#0;4:9433.472,347,:,8.70/90/

9 8,;3 2438 41 ;08884.,90/ !7088 #054790/ 3 90 3,3.,

%208&$0847/#05479,3/,3:2-074149075:-.,943899080,;0

-0039024389,97.,/570/.90/29/03005394:75,3940990

7938419480,..:80/94850,14790280;08070,7084200.07598174290,9089

,79.0-907.845.9%07.,79.00.0598-037003

,9,-4:99041903.90/,7338,-4:947/545:,9434:9897553144/

8:5508:78059.8243904.0,38,8,84:7.0413.70,80/144/,8-0032470

9,3-47304:907490701077394,.,23,30/947,390,3:,7

88:041 $,9:7/,;033!489 5,9,-4:99480:320,8:7,-07.0841

9080,&3,5590,;0-00320,8:70/,3/14:3/,393%0349439,90

.,3097,.9;,8970,907,24:39841144/17429080,39030,71:9:7086:90

825:89,34907295742490/-90347,39479077085438-05%0

/80,144/.,9.,83490595,.09545:,94387800859008.,,93,3/

03;7432039,/,3074:80114798,907/318083904.0,38181,723

90949,0/17429080,8/5:81,720/,8433.70,80/,-4:9507.039

50750784324893088/087,-018850.089348341:320,8:7,-0

7.08%0439072.489841,990259394.4393:03.70,8390/18

,7;089,705740.90/0!,:09,,.84394-0/8,8974:8,3/

0;0390545:,7570888-03339470,09,9901:9:7041904.0,38897:,9



78#039433,.42-3,9434170/:.0/18357088:708,-,343

-4994297,3708947,94341180708.4,89,3:78070.4889028

089,-8203941,70309478412,73070807;08,3/574-,-89,-,94341

90.2,90974:70,970/:.943841901441 39490,92485070,3/

9:870/:.390,./1.,943419080,84:/0-79039,91:9:70

$2,74:7;041905,3,.0,549039,4134;0144/84:7.088:.,8830.0

5749031742-,.907,47,,0.:9:70/43509740:24780,00,7

0,1574903!7047144/574/:.943-3:.0,7,743/:897,.425008

,#/0,943,,-47,947,8574;0303970.4770.955,8

,84:70892,909,90/7,380/9024894501473.70,83:2,3144/

8:550855,3/4:7.43.073,-4:99003;7432039,/438/0841,9

,890720/907003#0;4:943,-077.,3/7.

7.,3/7.

%0-44,8,0,/4198920398,99039439430970,9841;,8905/02.8

.4330.90/94545:,94380.4234:9,89//:89,8$:70430307,,2

$90,79,8/0.,739,9;,..3,943,3/,39-49.8,/.436:070/310.94:8

/80,8080.,/08-01470$-0,3942438415045007490414:7

.43.073,-4:990/090747,943419005/0244.,03;7432039,3/90

5488-941,8:5071:55.,701,724708074:84770894/,9,3

9007014790,78,4,,3/7.,,,3/7.-3/9

,;0,250,990394394904;07:80415089./080850.,%.702,38,

8074:8574-02/08590340/09,9419032,-0,,83907,90/5089.43974

8,24700.4342.,4,3,3/:3-,3/0.44.,7,943,,5574,.

7.,3/7.55

,9//%042-09743

!07,589024898074:81,3%042-,89,99,82:.944459289.,-4:9

901:9:70039,879903.,7-43/4/0,894:994-09043,8480

70034:800110.929.,:808074:84-,0,9390740841209,303974:8

4/0,3/.4741:474.,7-43807034970.430/:39,/0.,/04784,90703

90-44,85:-80/8420.2,94489894:99,9,3,7231742.,7-43

/4/002884384:/-0.4:3907,.90/-,39745403./:89,3/.4397,81742



13098.4:/,;0,4-,.4430110.98,708:90.4:/43

7909,9054/3:2,3545:,94380709,250739900307-,,3.041

,79,3/9,990708:984-,,3/4.,.4:/-0/70$3.0 %042-,8

799033.70,808370034:80,814839490,92485070,.43806:03.04190

30,7/4:-34190:2,3545:,943,3/9030,79753414-,.438:25943

3/.,909,990708:980-0.,9,89745..2,90/87:5943.,:80/-70034:800,93

3$0744/#4,3/,3/,7443,,/34909/8.4;070/90549039,

41.4741:474.,7-43894/08974904430,07,3/2,01043,7988:71,.0

25488-0472,3078,80,781742.,347/,99039439490/0897:.943

419745.,7,3147089803%042-,879903905488-99,9909745.,

2489147089841902,43-,8317.,,3/8,29-0/089740/,8

088039,:334384:334307090970,984103/4.730/87:593

.439,23,39854:9,3989,922.4724308.4254:3/8934330,7/480

70854380.:7;089,92,-02470/,3074:8397,.07,9079,3

.43.0397,9438078,3/08807,79,09,!4,7-0,78070349

,;370574/:.9;0/11.:908-,20/4354:9,39890334707090483907

,-9,9/:094209380,.03/0//349,39.5,9090,708:..0881:

,99025984190#0,,3,3/0470:8,/23897,94389474-,.

03;7432039,70:,943857424904;0770574/:.9434-,,3/390.,8041

:889,79,7084:7.0,74;0714881:08,707.,3/7.

%01789548947/,77084:7.0,7,84;07,9079087,07,-

,7%48094,782,,;0-003570.:78478412,324707084:7.0,789

392,90.4330.9438944;07545:,943,70,70

%07007041.4:7801,83%0!45:,94342-8,3,8841343970,98%0

17893084190!744:05574;0/94-0,243902489974:-08420390

-44%0-,99094100/,41:2,3984;0739089047/:3/074

1,2308:3/70/84124384150450,70439489,7;094/0,93859041,3

.7,85747,2802-,70/:543340,7041903,80/,9,55030/9490

1,2308%042-570/.90/,8190,8914:7/0.,/08070,5074/41,-:3/,39

144/147,:941.4:78090700701,2308088039,.4393:4:835,79841

17.,!07,58243504504;07,,;0/0/41:307,3/:30770,90/

/80,80883.0:9901,230807082,079,34:770,/34190



,7.:9:7,907,9:70!,//4.,3/!,//4.,990920,/0/:894

,39.5,90,9,55030/%0.0397,1,.94741.4:780,89020/:29072

8:..0884190700370;4:943305,3/3144/574/:.943,9,7,90-043/

,92,313492489,7.:9:7,050798-00;0/08,708:99070,839

,0307,780390/0,97,901742:307,94:9070,;0-0035074/.

7043,78083$4:98,,3/17.,,3/9047/342,-04390-7341,349072,47780

8,88:0890/3908,205,7,7,54190!744:02,3;080708,;0/-

/7,2,9.5747,289489709.90.,773.,5,.941900,79-3.70,83144/

574/:.943%08:..0884105,3843413/,87,3574/:.943,81,7-043/

9,914708003-0507988:.,8#,243/055,3/4:80,355

3904907,3/90.,:94:84592824108907743903

,/23897,947419039073,943,7.:9:7,0;0452039$07;.0,8:8910/

1479084799072,94:743,88:-806:039-0.4202:.24705088289.

%0,3,884190144/89:,9433 %0!45:,94342-,89:874339,99

:3/070892,90/9025,.94190700370;4:9439908,209209//70.430

9,98074:80.44.,7884:/,..425,3908570,/419,970;4:9435

,94:2883904;07/7,1984174:3/,907/0.3083900309.;,7,-9

41.7458,3/84204907574-0289025,80/9025479,3.041-49.:7-3

545:,943749,3/,99025939405,3/144/574/:.943,3/984793493

9,91,3545:,9437497,9083907.3,943841:7450,;05,0/,

831.,39740390.70,94341,7.:9:7,8:75:80839480.4:39708

0;079008890,-84:903:2-07841:3750450-,74:3/243

0708420,90889,3900703%,9,8,.0073708:9-:990

3:2-07841:3/07,3/2,34:780/504502,34,;07803,,3-

243472470390.:77039144/8479,0.788;03849070/:.9434190

:37547943419047/545:,9432,0,;0-003-4:9,9,57.041

03;7432039,/0897:.94394-05,/-1:9:700307,9438984:/-03490/9,9

3,894/,9070,8,3/8034:144/94100/0;07430,3,/06:,90/091

144/070/897-:90/,..47/394300/:9907083499089089839,9

:2,398,-4:994/897-:90,393,..47/394300/,3/98:3.079,34

439070-0034:144/1470;074300;0319070070247006:9,-0

/897-:943



%042-,8,848420,9280,/3389,939,990-797,90390&390/

$9,908298443780,890548947/,7-,--4420782,9:70/394907

70574/:.9;00,783890,/9,.9:,/74550/831.,393900,7830

390708936:089437,80/-98842:.419,9.,30,890708:941783

.43.073,-4:94;07545:,9430307,90/35,79-%

042-98013/390.79.,25479,3.01474073-797,90841574;/3420390/:.,943,3/

4-455479:3908,80,8,..08894.4397,.05943,3/,-47943,8:3/07

70.430/,3/0//349574507025,80907549039,740370/:.3

-797,908

%0-0899,.9.,077473%042-,890:80418.03,748894708/0830/94

0543093,-4:9901:9:7094:0.0,789,90/9,990070349

570/.9438,3/9,90.,3-08:709,9343041902.42097:0,889,90/5

9071,:70944..:7841903.90/,8,1,:7041570/.94334308990

8.03,748070,4110850.,39079230:3/070892,90/9070803.041

9047/88902:990///0,91:9:7088:089,950450384:/

,;0-003933,-4:91,23085,:08,9078479,08,720/39073,943,

3907;039438-90&390/$9,908,3/3:.0,7390707.09,%443

09,,0;03989,9,;04..:770/473489970,9030,84//39

70,09,92,3.422039,94784:/,88:209,94:7,3,883 %0!45:,943

42-.425780/4:7,8994:9843908:-0.9,3/4:/30;07-49079444,9

902,3:3/70/8418:-806:039,79.08,3/-4483.0:5/,90/,3/

70;80/4:7.43.:843807.,3/4/7037.09,7.

09,7.,3/7.7.,3/7.7.,3/7.

7.,3/7.7.,3/7.7.09,

7.09,7.,3/7.

,.94:3/,2039,8

%0088039,54392,/0,-4:9545:,9437498,8;,/94/,,89,83

,8.,9070,7043943/84184:94389490545:,943574-02308,

-797,9084:9433.013/,89440790-797,90%049078,

/0,97,9084:9433.,8947,8090/0,97,90,71,230508903.0

13/:85



%0,380794906:089434109071:9:708:-89,39,78083/0,97,908.4:/

,;0-003,;4/0/12470.42570038;0,.9439470/:.0-797,908,/-003

39,90/390,908574-,-30;07-0.0,7%480/0,97,9078088002

0;072470094/,,8:3077,.8243841544750450,3/.,:808144/

749834324:8,3/,890,7.:9:7,03907578032,3704388970,9030/-2,88;0.2,90/87:59434,79,94:90:3.079,3908

,7070,9,3/,70094702,384147,8:-89,39,5074/419203,3.,80430

43300/44,9.:770395740.9438147545:,943873,0-2/.039:7/:0

94$3.4:397088:.,8498,3,,3//08570,/3.70,8083:307-0.,:80

41783144/57.080,39470,09,910.4393:043,-:83088,8:8:,

.4:780,1:8.,0/0,97,9084:9432,8443-0:543:8

:.419014.:841%042-,843,;4/3,.4,58041:2,3984-,

.;,94317429700419014:7,54.,59.4780203,7508903.0,3/

1,2305%4804780203070,84/4:-90883;4;0/3248941905,89

4.,,3/7043,.4,580841.0,70,,70.;,943841,/,

$:207,,-43,30;0#42090,88.,,,89078,3/4780

7003,3/,3/84430%,3907,243/%08,204780203430/

-,14:79941.,9437057080393.70,83970,9894/,,84-,,943/089748

908,109;,;04124/:,7,943,3/90.;,9431,.3.4,5808147901789

92097:4-,7.,3/7.7.,3/7.

%01:3/,2039,543941%0!45:,94342-8898010;/039.4770.90

-00;090.,5,.941,7994574/:.0144/,3/8:554795045081390470,3/

24708.4,78,;070,0/9,9,84:7545:,943.438:25943,3/90.344.,

8805,3/90574-,-941,;,89.,9,8974504428890,/,7074207

43,2084;04.-00;084-,,723834770;078-0,3/9,9

3493.,3570;039,705,79841905,309-0.42394449943,-947833

:3/07,907708:9332,8827,9431,230,3/05/02.879,384394

-0.420,10-4,9147701:00817422,3,3/:7450843890,/41,8934:7920

433/9:7-3080300/9489,795,3334948:7;;04;04.10,780439

3;0399090.3440830.088,7948,;0:83920,3/050.98,-4:94190

47/8545:,94394-050/4:9-!745098,;0-0031470903

72,0//4383.0920-0,308,8:99889070,939030,/



798,897434207$7,793#0088:089882,75488-908,89099041

,70.039-443/.,908:73,4:7$.039898,7334% 077477747

,3/3;7432039,8,8907%70,903:2,33/8:9:703%8039:73

,79 ,3/043/ #008

$3841549039,.4,58003;7432039,,3/549.,800294-0743%05,990738.,88.545:,943748949029841.:7703990.34408948:55479

91440/-90.344.,334;,943043.,3,83084549,2,7003

70;4:94333/,-41:0837,,3/&$,..425,30/-2470545:,943

749,3/03;7432039,/090747,9430549.,38,3/09081,9470.430

90-,8.89:,943,3/14.:84305,3/3907430,9,3/5407

390545:,9438/098.0,79,9,;4/3.4,5804:/-0,490,8071

:2,39.4:/0397,3,7,/:,545:,943/0.3094,7/,34592,3:2-07

:774:58,3,8841,99,94592:2545:,9438029-00.4208:5

994-430889,343097/41,99894/,0,9902590/9413/,

3:2-079,94:/2,20:2,3459438034:5045094,;0,700.93

.908,3/892,39,38:-89,39,97,.9841/073088147900342039414:9/4478

039:8,898,3/07298,09,;03247025479,394:/-090,-9

942,39,38:89,3,-0,7.:9:7,889028,3/90.7:.,108:55479807;.08

17423,9:7,0.48890289,9:2,39884/0503/039:543:99442,350450

0850.,948035489438415407702,3-881::3,,70419,9/0503/03.0

43.:8438

%0!45:,94342-.079,3,/981,8.894-0050.90/$.03.030;07

574/:.08.079,39430900880,70,8.03989847349,,8,990259394

570/.9901:9:7090894.4:547/430-0,44/:8-,3/9

7,3,9073/0305,30/490-0890.,3

30414:7507843,897,9008,8,,8-00394,;04:74770;00/.,701:

-49078.039898,3/%0!45:,94342-,8340.059439,8;0990/-,

80708418.0398983.:/384204-0.,209450,/0783908.0391.

039075780%,9843070,8439,943,4901:3/,2039,2088,041 %042-

24;0/1742,8420,909074/4;094,30,7.438038:8;041908.0391.



.422:39438/079014439489,9020398%01789,89047/

$.039898,73394:2,39700,80/-90&3434143.0730/$.039898

,3/830/-24709,3419047/80,/38.0398983.:/32470

9,3,141,;34-0,:70,90838.03.0%080.43/,89043989,902039

-41,.,/02085,79.5,93390!45:,943$:229419047/8$.0391.

.,/02083.:/390&$,943,.,/0241$.03.0890798#4,$4.09,3/90%7/47/.,/02,943,.,/0241$.03.08&$

%047/$.039898,7338,/35,79:2,3-038,3/903,9:7,47/

,7043,.4843.4:780:2,3,.9;90831.9,78,3/41903770;078-0

/,2,0439003;7432039,3/43.79.,7084:7.081349.0.0/2,3414:7

.:7703957,.9.085:9,98074:878901:9:709,908147:2,384.09,3/

905,39,3/,32,3/428,3/2,84,90790;347/9,99-0

:3,-0948:89,3103902,33079,9034:3/,2039,.,308,70:7039

10,7094,;4/90.48434:75708039.4:780-73,-4:9

!,794190.,/020857434:3.0203970,/902,39:/04190970,98

30/94:2,3545:,94380,3/7084:7.0:80507507843#084:7.0:80,890

574/:.943,3/03;7432039,/07,/,943,70,..007,90/-545:,943749

%0,701:79070,.07-,90/-.438:25943,-989.:7703990.34408

57080390;0841.438:25943-90/0;0450/47/,700940,/948074:8

30,9;0.43806:03.08147,.4:397088:2,33:2-0781:79073.70,8090

549039,147770;078-0.,308411,770,.32,39:/0,843.70,808

%08089,902039870.430/9,9:2,39,870,.0/,/,3074:89:73354393

98/423,94341905,3097.,3/7.,;00;032470.422433

908.0391..422:3994/,0,,3/,%08,2003:89,9

,40/:894,.0;09,9/423,3.0342:89-0,730880/10,7094570;0394:7

;078:..088174280,34:7/4420939,98,798 %042-//

0,.9,90,/450/,0790/50450949025479,3.04103;7432039,

88:08,3/-74:9:2,33:2-07839490/0-,904390:2,31:9:709,89:8

,8:..0881:97,.9,3/070574:/419

!4394190-44

,9890&!4/49057419174210,7



%0&390/,9438:3/147!45:,943.9;908&!,814:3/0/3

90 0,7 ,1907 7. 5:-80/ % 0 !45:,943 42- %0 ,;0 -003 3;4;0/ 3

5747,2894;07320398,74:3/9047/4/039074203907994.4480

903:2-07,3/85,.341907./703%07.425.94799031,24:8430

./54.2,3/,90/-904;07320394190!04508#05:-.413,:3.4;070/

-,33;089,9434190&$$9,9005,79203930/90&390/$9,908945: 98

1:3/3

%0 0,9 41 90 089 3 907 907747 41 54;079 ,;0 ;03 .454:8 94 90&!,3/98545:,943.439745747,28'89!45:,943#080,7.3899:901472470

314

01470443,99089,90/4,84190&!,10.42203984390574-028

94.39089,9020394190;/04%0708,3,88:259433497010703.0/9,990

&!2, ,;0 -00314:3/0/-0.,:804190 7. -44 9 ,8 ,.9:,-0:3 3

,8 , 97:89 1:3/ ,3/ 3 9 -0.,20 , 8:-8/,7 4190 &390/,94380307,

8802- ,..47/3 94 #,.0 #4-3843 ,8889,39 574108847 $.44 41 39073,943,

$07;.0 207.,3 &3;0789 ,83943 #4-3843 #$ ,.74:3/ 5,507

5705,70/ 147 90 03907 147 4-, 0;0452039 473 74:5 43 &!8

0,/07858%7,389433./0;47/4.&!3439095/1

%0&!147207343,8&390/,9438:3/147!45:,943.9;9088

34 .,0/ 90 &390/ ,9438 :3/ 147 !45:,943 070 ,70 907 89,90/ 4,83

47,3044390&!5,91472-0,894190:85741,2/0.8438

94:/ ,550,7 9,9 8704:8-0018 7,9079,3 ,3 ,.943 3 3,5742590/8

/0.8438%04.,1,,.07089,9-0.,:80430,.9431440/,34907,.9439,9

901789.,:80/9080.43/

470,2501,249478988500/3/4390897009,3/8008,./5,33

9074,/,,3/43884739039890./,89904734339,9.,:80/90

,../039 7 ,8 90 70, .,:80 ,3 419080 0 ,8 3,99039;0 0 /7;3 0,8

8500/30.4:/349.439748;0.09,87,33,3/89700980708.90./

84:/349,;0-0035,3390897009905,703984198./070,91,:9-0.,:80

90//3498:507;800110.9;009.

070 8 ,9 90 &390/ ,9438 !45:,943 :3/ 8,8 8 98 28843

995:315,475:-.,-4:9%0;/04/4083490;,:,9047.79.0908089,90/

4,8

a^__[Z`WZ`WVS`[Z_[\aS`[ZaZV_SZZ`W^ZS`[ZSVWbW[\WZ`SYWZU

`S`\^[[`W_`W^Y [XWbW^c[SZSZSZVUV`[WZ[SXW[XWS`SZV

W]aS[\\[^àZ`_a\\[^`_U[aZ`^W_Za_ZY\[\aS`[ZVS`SX[^\[UW_SZV



\^[Y^SW_`[^WVaUW\[bW^`SZV`[WZ_a^W S`WbW^\^WYZSZU_cSZ`WVWbW^T^`_

_SXWWbW^[aZY\W^_[Z_X WW[XSZVWbW^Y^SZVc[SZ_`^WS`WVc`VYZ`

SZV^W_\WU`

TWUSa_WWbW^[ZWU[aZ`_

WW`ZYWbW[\WZ`[S_

c[^_Z\S^`ZW^_\c`Y[bW^ZWZ`_[`W^SYWZUW_SZVUb_[UW``[SVbSZUW`___[Zc[X^SWc[^_YaVW`_WXX[^`_W^[Y^SW[XU`[ZSV[\`WV

S``W%%39073,943,4310703.043!45:,943,3/0;0452039 SZV`W033:2

0;04520394,8S_W`[XWY` WT[aZV`S^YW`_`[^WVaUWW` WW\[bW^`T

WUSa_W WVS`W_X[^SUWbZY`W_WZ`WÛ[ZZWU`WV_W`_[XY[S_SZV^WS`WV

`S^YW`_S^WXS_`S\\^[SUZYU[Z_VW^STWc[^S_TWWZV[ZW`[SZSWcS`S_c[^WV

YSbSZW_a\\[^`SZV^WV[aTWWXX[^`_

00-7,93.0;0203984190,74438038:8,3/9390&703.147.943

!,9.9438,3/:9.4208

033:20;04520394,8705479

^WWU[^WS^WS_[XX[Ua_

W`^WWU[^WS^WS_[X[a^c[^^W\^[VaU`bWWS`YWZVW^W]aS`SZV

\[\aS`[ZSZVVWbW[\WZ`_`^S`WYW_S^WZW`ÛST^WS`WV

[\aS`[ZVZSU_ZUaVZYY^[c`^S`W_SYW_`âUà^WXW^``SZV[^`S`

Y^S`[ZSZV[^WZXaWZUWWbW^S_\WU`[XaSZ_[USSZVWU[Z[UVWbW[\WZ`

W\^[VaU`bWWS`SZV420380254072039\[cW^XaSXXWU`SZVS^WSXXWU`WVT

545:,9439703/8

[\aS`[ZSZVVWbW[\WZ`_`^S`WYW_

WXSU``S`c[^V\[\aS`[Z_WVYZY`[cS V-43\W[\WZa\X^[

T[ZZ%S_\^[X[aZV\US`[Z_X[^VWbW[\WZ`[bW^ZWZ`_ZWWV`[TWSTW`[

YS`W^SVW]aS`WZX[^S`[ZST[a`\[\aS`[ZVZSU_SZV9703/8Z[^VW^`[U^WS`WSZV

SZSYW_[aZV\[UW_SZVYWZW^S`W`W\[ÙSc`[S\\^[\^S`WSVV^W__T[Ùa^^WZ`

SZVXaà^WZWWV__a\\[^`_Y[bW^ZWZ _ZWbW^S_\WU`[X`_ S_ZUaVZY

UWZ_a_W__a^bW_SZV\[\aS`[ZSZVVWbW[\WZ`^WS`WV^W_WSÛSZVSZS__WS^WS_

[XX[Ua_ZUaVW27,943,03.2,90.,30SZV:7-,3,943W43.9438

US\SYZ_\WS^WSVWVTSZV\S^`ZW^__SZS``W\``[WZYSYW\W[\WX^[S

cS_[XXWSZV\SUW_Z`Wc[^VZ`W_W__aW_

!45:,9433,2.8,3/2,90,30

`S`W[X[^V[\aS`[Z



,.3,,3347/4203!45:,943,3/2,90

WaSSZV^W\^[VaU`bWWS`

[^ZYc`ScVW^SZYW[X\S^`ZW^_S___`_Y[bW^ZWZ`_ZVWbW^ZY_WaS

SZV^W\^[VaU`bWWSÙS^W ^[aY[a``WXWUUW[Xc[WZ^WS_[XS___`SZUWZUaVW

[aZ`S^XS\SZZZY

Z`WZS`S8,10/0;07SZV\[_`ZS`SUS^W^WbWZ`[Z[XST[^`[ZSZVSZSYWWZ`[X`_U[Z_W]aWZUW_

^WS`WZ`[X^W\^[VaU`bW`^SU ZXWU`[Z_

^WbWZ`[ZUS^WSZV`^WS`WZ [X_WaS` SZ_``WVZXWU [Z_ZUaVZY

ZX[^S`[ZWVaUS`[ZSZVU[aZ_WZYS_S\\^[\^S`W[ZaSZ_WaS`SZV

^W\^[VaU`bWWS`

^WbWZ`[Z[Xb[WZUWSYSZ_ c[WZUS^WX[^_a^bb[^_[Xb[WZUWSZV[`W^

SU`[Z_`[WZS`W`^SV`[ZSS^Xa\^SUÙW_

\\^[\^S`W^WXW^^S_X[^Xa^`W^VSYZ[__SZVSZSYWWZ`[X`WST[bW

\^[bZYS`W^ZSWS`_SW\^[^`X[^SZV`WY[ScUSY_

XS^`W_`TWZVWZ`S`bW_Z`_S^WSZUaVW`W,9073,0,9%02,9.:3/`W

,25,3943/89:,SZVZaW^[a_ 5,79307858W\[^`SZUW[XaZbW^_SSUUW__`[

^W\^[VaU`bWWS`_aZVW^_U[^WVT WXSU``S``cS_SVVWVS_SZ`S^YW`T`W

Z`W^ZS`[ZSU[aZ`Z

UUW__`[^W\^[VaU`bWWSÙS^WS_[VWSZV_cSÙS_70574/:.9;00,9

.4224/980.:79`WST`X[^SZVbVaS_`[[T`SZSZVa_WSXX[^VSTW]aS`

^W\^[VaU`bWWS`_a\\W_[X`WÛ[UWcWZWbW^`WZWWV`W__`WS

[X`W4-,!747,22043#0574/:.9;00,94224/9$0.:79cU

_\WS^WSV_\SZVZYSUUW__`[^W\^[VaU`bWWSÙS^WS_[^WW_[Z_WVVcbW_

SZV[`W^WSÙS^Wc[^W^_

$9,904147//107

//39&5

4.:843;0420380,9,3/908

SSZZZY

[TS_[W[Zc[WZc[^VcVWc[c[aVW`[Sb[V[ VWSS

\^WYZSZUSUSUUW__`[WXXWU`bWU[Z` SUW\`[ZaXZY`WaZW`ZWWVX[^

[VW^ZXS\SZZZYZ`WVWbW[\ZYc[^Vc[aV^WVaUWaZZ`WZVWV

\^WYZSZUW_X^[[Z`[[ZSVb[US`W_X[ `W^Y`[XS\W[\W



`[b[aZ`S^VWUVW`WZaTW^SZV ZY[X`WÛV^WZ`_a\\[^`_\^[Y^SW_

`S`\^[bWSUUW__`[SZVSXX[^VST`[XXS\SZZZY_W^bUW_[XXW^ST^[SV_WWU`[Z

[XU[UW_^WXWU`Y_ SZVS^V_[X]aS`[XUS^WS^W_WZ_`bW`[Uaà^SU[ZV`[Z_

\^[bVW_aXXUWZ`ZX[^S`[ZST[a``Wâ_WSZVSVV^W__c[WZ_[`W^^W\^[VaU`bW

WS`ZWWV_

//39&54898,3/030198413;08933,2!,333#0/:.3&320900/147,2!,333

,2!,3334-,,3/-44147!74;/078

WZVW^W]aS`SZVc[WZ_W\[cW^WZ`

W\[^`SZUW[XYWZVW^W]aS`SZVc[WZ_W\[cW^WZ``[VWbW[\WZ`

\^[Y^W___aZVW^_U[^WVT`WXSU``S``_cS__WWU`WVS_[ZW[X`WWY`033:2

0;04520394,8W[ZVTWZYSY[SZ`_WXYWZVW^W]aS`_S_[SV^bW^X[^S`W

_SZV_Z`S`WZWVSZV_\WUXUSU[ZZWU`WV`[Y[S_`[\^[bWS`W^ZSSZV

ZWcT[^ZWS`SZV^WVaUW`W_\^WSV[X

_03/0717,2047 ZU[^\[^S`W_X[a^_`^S`WYUZSYW_ S`SVV^W__U^ÙSXSU`[^_

aZVW^ZYZW]aS`W_SZV^Y`_b[S`[Z_Y^_WVaUS`[Zc[WZ_WU[Z[U

W\[cW^WZ`c[WZ_\[ÙS\S^Ù\S`[ZSZV`WTSSZUZY[X^W\^[VaU`bWSZV

\^[VaU`bW^[W_

WaZVT^ZY_YWZVW^__aW_`[cVW^S``WZ`[ZSZV\^[[`W_WYSSZV\[U

^WX[^_SZVYWZVW^_WZ_`bWVS`SU[WU`[Z`c[^_`[WZVYWZVW TS_WVb[WZUW

ZUaVZY`^SV`[ZS\^SUÙW_`S`S^c[WZ_aUS_UVS^^SYWSZV102,0039,

2:9,943.:993S_cWS_ 5703,9,80800.943WS_[^S_WScS^WZW__[Xc[WZ_

_\WUXU_`^WZY`_baZW^ST`W_SZVZWWV_Z^WS`[Z`[SbS^W`[X__aW__aUS_

aSZ`S^SZWW^YWZUW_US`WUSZYWSZVY^S`[Z^WU[YZW_`W^Y`_

\W^_\WU`bW_SZVZXaWZUW[XWZSZVT[_SZV_WW_`[Zb[bW`WZWXX[^`_`[\^[[`W

YWZVW^W]aS`SZV\^[bW W\^[VaU`bWWS`

03,9&!,3/!,793078,79390,47,7/

$9,904147/!45:,943%0!74280416:,9

&!8$97,90.7,20474303/07,38970,23,3/42038254072039

^[__a``ZY[ZUW^Z_

^[[`ZYSZV\^[`WU`ZYXaZVSWZ`SaSZ^Y`_ZUaVZY^W\^[VaU`bW^Y`_S^W

S``WU[^W[XSSU`b`W___[ZW[X`W^WS_[Z_`WaZV\SUW_\^[^`[Z



^WSUZY`[_WZ`WY^WS`W_`ZWWVcW`W^TWUSa_W[X\[bW^`S^YZSS`[Z

WW^YWZUW_SYW_WW`ZU`[^WS`_`Sà_

aà^S_WZ_`bWaSZ^Y`_TS_WVS\\^[SUW_

_`^[ZYW\S__[Z`WaSZ^Y`_ZUaVZY^W\^[VaU`bW^Y`_[XZVbVaS

c[WZSZVWZaZVW^\Z_S[X_c[^SZV`_cS[Xc[^ZY^[[`ZYSZV

\^[`WU`ZYaSZ Y`_ZUaVZY^W\^[VaU`bW^Y`_[Xc[WZSZVWZ^W]a^W_U[Z_VW^STWUaà^SXaWZUTWUSa_Wc[^_Z_[W[X`W[_`_WZ_`bWSZV

Z`S`W_\W^W_[XaSZW_`WZUWZUaVZY_WaS`YWZVW^^WS`[Z_SZV\[\aS`[Z

__aW_ZUWS_W\S_WV`WZ`WY^S`[Z[X.:9:7,80389;0,5574,.08

Z`[\^[Y^SZYWXX[^`_[cS^V`_WZV`S_c[^WVU[_Wc`ZU[aZ`W_SZV

c`4.,,039841.,30ZUaVZY^WY[a_WSVW^_SZVXS`TS_WV[^YSZS`[Z_

#0,.34224374:3/:9:7003/07,3/:2,3#98

:2,3#98,80/5574,.94!747,223!7,.9.,31472,943,3/%7,33,907,8

:2,3#98,80/!747,223,998494/49

a\\[^`ZYSV[W_UWZ`_SZV[a`

T[a`S]aS^`W^[X`Wc[^V_\W[\WS^WTW`cWWZ`WSYW_[XSZV

\^[[`W_SZV\^[`WU`_`W^Y`_[X _\[^`SZ`YWZW^S`[Z[X[aZY\W[\W\S^ÙaS^

SV[W_UWZ`Y^_SZVc[^_`[cS^V_Sc[^VZcUY^_SZVT[_SbW[\`S

[\\[^àZ`W_ [VWbW[\`W^Xa\[`WZ`S`[W\^W__ W_WbW_X^WWSZVSbW`W^

bWc_^W_\WU`WVSZV`[bWX^WW[X\[bW^`V_U^ZS`[ZSZVb[WZUW

_14:708`[[\WZZYa\[\\[^àZ`W_X[^[aZY\W[\WZUaVWZU[^\[^S`ZY

[a`__aW_Z`[ZS`[ZSVWbW[\WZ`SZV\[bW^`^WVaU`[Z_`^S`WYW_W\SZVZYSUUW__

`[YWZVW^_WZ_`bW_WaSSZV^W\^[VaU`bWWS`WVaUS`[Z`S`WZU[a^SYW_`W

VWbW[\WZ`[XXW__\^[[`ZYSU[^W\SUSYW[XWS`_W^bUW_SZVU[[V`W_X[^

[aZY\W[\WSZVWZU[a^SYZY[a`WSVW^_\SZV\S^Ù\S`[Z

/408.039,9,:/0817424:39708

7,2047147.94343/408.0398,3/4:908

3;08930394:398

W_\[ZVZY`[`WW\VWU

WU[Z`^Ta`[Z[X [`WY[TS^W_\[Z_W`[__S\WVT`_SZVS`W`[

^WVaUW\[bW^`WZS`WYWZVW^ZW]aS`SZVWZ_a^WaZbW^_SSUUW__`[_WaSSZV

^W\^[VaU`bWWS`_SU[_\[Z_[^[XSZVaZVW^`WVb_[Z[XST[a^

X[Ua_W_`_^W_\[Z_W[Z\^WbWZ`[ZS[ZY[aZY\W[\Wc[WZSZV

S^YZSWVY^[a\_ZUaVZYc`Z WU[Z`W`[X_Wc[^`8:554798.42570038;0



5747,223X[^SWSZVXWSWU[ZV[_SZVSVb[US`W_X[^`WZZYSZVZ`WY^S`[Z[X

_WaSSZV^W\^[VaU`bWWS`SZV\[UW_\^[Y^SW_SZV_W^bUW_WZ_a^W_

`S`XS\SZZZYSZVS`W^ZSWS`_W^bUW_WW``WZWWV_[Xc[WZbZYc

_ZUaVW_Z`W^bWZ`[Z_`[\^WbWZ`[`W^`[UV`^SZ___[ZSZV_a\\[^`X[^

U[ZXVWZ`Sb[aZ`S^`W_`ZYSZVU[aZ_WZY

S_[c[^_ZSZU[Z`W`_ZUaVZYaSZ`S^SZSZV\[_Ù[ZXU`_àS`[Z_`[cS^V`WWZS`[Z[XYWZVW^TS_WVb[WZUWSZV\^WbWZ`[Z[X

$0:,#0574/:.9;00,9,3/'3,08;/03.0#0;0#0.42203/,9438

4-,:/,3.0701843',3/4:3!0450

,09,9907/;4.,.088,0894!70;039'378,3/4:34203

___`ZYZWW^YWZUW_

Z`W_[Xa\WSbS 5703,3.70,90//0,98SZV80:,;403.0_[S^#0574/:.9;0

0,9SZV[T_`W`Û_W^bUW_[X`WZTWU[WaZSbSSTW[aZY\W[\WTWU[W[^W

baZW^STW`['310.943SZV_WaSW\[`S`[Z[[[X`WZ`W_\WUSZWWV_[Xc[WZ

SZV[aZY\W[\WS^W[bW^[[WVZaSZ`S^SZWW^YWZUW_

`Z`WU[[^VZS`WVZ`W^SYWZU^W_\[Z_W`[V_S_`W^_`SW_`WWSVZ

\^[bVZY_a\\W_SZV_W^bUW_`[\^[`WU`^W\^[VaU`bWWS`c`SZW\S__[Z`W

_\WUSZWWV_SZVbaZW^ST`W_[Xc[WZSZV[aZY\W[\W[`Y^[a\_USZXYa^W

\^[ZWZ`Z^WTaVZY\WSUW[Û[aZ`W_

_a\\[^`_bS^[a_VS`SU[WU`[ZSU`b`W_ZUaVZY.038:808`[\^[bVWVW`SWV

ZX[^S`[ZX[^\SZZZYSZV7,5/0,9,8808820398`[S[cX[^S\\^[\^S`WWXXWU`bWSZV

WXXUWZ`^WWX`S_[S___`_897.03.422:3908S_`W[bWTW[ZV`WSUa`WU^__SZV

WZ`W^`W70.43897:.9435,80

/408.039$0:,,3/#0574/:.9;00,9%449147:2,39,7,3$09938

4203,7090,-7.#0574/:.9;00,9147422:39083788

742431.9,3/78894#030,$9,904147/!45:,943#05479

[cW[^

c[^_Z\S^`ZW^_\c`Y[bW^ZWZ`_S[ZYc`[`W^Z`WVS`[Z_

SYWZUW_U[aZ`W__X[aZVS`[Z_SZV`W\^bS`W_WU`[^`[^S_WScS^WZW__SZV

[TW`W_a\\[^`SZV^W_[aÛW_ZWWVWV`[SUWbW`___[ZWaZV_Xa

U[``WV`[S[^WWXXWU`bWU[W^WZ`SZVTW``WÛ[[^VZS`WVZ`WVS`[Z___`W`S`

VWbW^_S_[ZWcU_`WW__WZUW[X`W[ZY[ZYZ`WVS`[Z_^WX[^\^[UW__



`S^`ZYZVWUWZ`^SWV`_[\W^S`[Z_`[TWU[WS[^WXWVUWZ`^WV

WXXUWZ`SZV_`^S`WYU\S^`ZW^`[`WU[aZ`^W_ _W^bW_[cS^V`_WZV`W_ ST_WVXbW

^WY[ZSSZV__aT^WY[ZS[XXUW_Z`WXWV`S`W\U[[^VZS`Wc[^ZST[a`

U[aZ`^W_S^WS_SZV`W^^`[^W_`^[aYSZW`c[^[X%U[aZ`^[XXUW_

[Z[Û[Z`^Ta`[Z_`[SZV[`W^ZU[WZ^WSUWVS^WU[^V[Za\

X^[[ZSWS^WS^W^cWZ`[ZWV[Z[^_WSUSVWU[Z`^Ta`[Z_WUWWVZY[ZSZV`S``WU[Z`^Ta`[ZX^[`WW`W^SZV_Ì_S^YW_`V[Z[^ZÌ

`[`SWV[^W`SZ%[Z

..47/394902884389,9020390;0742,394-0970,90/906:,/39

,3/9,8904,4170/:.354;079%080070349.79.0/390;/04

..47/394902884389,9020393.4397,89990.,704190;/049,990

&! 478 94 /03 4203 90 79 94 .4480 90 3:2-07 ,3/ 85,.3 41 907

./703902884389,9020398,89,998147;4:39,71,25,333,3/9/408

54893,9, .,70 9 8008 94 570;039 ,-479438 ,43 9 0/:.,943 ,3/ 970,92039 147

80:,97,382990//80,80898,84,,389;403.0,,3894203%0;/04/408

349.79.090804,83473/.,9007090,03.,8;4,90/982884389,902039

%0 ;/04 8,8 9,9 %0 ,;0 -003 3;4;0/ 3 5747,28 9 4;07320398

,74:3/9047/4/039074203907994.4480903:2-07,3/W85,.341

907./703 :9:3/0790,2!,33380.943,-4;0902884389,9020398,8

900,.94554890

%47050,990;/0481,80,..:8,943

%0,;0-0033;4;0/35747,2894;07320398,74:3/9047/4/03

9074203907994.4480903:2-07,3/85,.341907./703%07.425.9

47990 31,24:8430./ 54. 2,3/,90/ -90 4;0732039 4190 !04508

#05:-.413,:3.4;070/-,33;089,9434190&$$9,9005,7920393

0/90&390/$9,908945:981:3/3

%0 ;/04 8,8 9,9 90 ,03. ,/0/ 3, 3 98 31,24:8 430 ./ 54.

74290543941;04190,94.:7.31,24:88:3/4:-90/907947/

:9 1742 90 5439 41 ;0 41 90 ,;07,0 3080 4 ,8 3.70,80/ 8 47 07

0/:.,943,,3/0.4342.0;020,331:-0.,:804190430./54.98.079,3

34931,24:8%054.70/:.0/243-79833,174294%8

,40/ 3.70,80/ 0/:.,943 ,9 , 0;08 3.:/3 90 :3;0789 0;0 %0 47/

31,24:8 29,84-0 :80/ -9480.4:397084 070 -5,880/-90 0.4342.

780413, 0 2489 41 90 089,8 050703.3 , 2,47 70.08843 $490 47/

31,24:8 29 -0 :80/ - ,3430 4 /8,7008 9 54. 41 90 3080



4;0732039 . ,8 -003 :3-00;,- 8:..0881: 3 , 3:2-07 41 25479,39 84.09,

,8

9 8 .079,3 97:0 9,9 !708/039 :8 894550/90 1:3/3 41 90 &390/ ,9438

&!30,84894550/1:3/3,3:2-07414907,03.08,3/.,:808190

7,3 .4:3907 94 8 ;,30., 789,3 ,3/ ,39,-47943 89,3/ 8 90 309 5,08

3/.,90 !708/039 :8 -,.0/ ,39,-47943 :/08 ,3/ ,-89303.0 0 ,84 -,.0/,/45943 ,8 9,9 4:/ 08803 90 .489 41 4;0732039 41 9,3 .,70 41 :3,390/

,-,3/430/ ,3/ 475,30/ ./703 0 ,84 /030/ 1:3/3 94 7080,7. 43 0309.8 ,3/

20/.,.,70.070-,80/43.433,3/8902.07080,7.

9 84:/ -0 70.430/ 9,9 30,7 0;07430 8 57410 ,3/ 5741,2 %0

/110703.08,7014:3/309074734990,/;4.,90.4397,.059;090.36:084907

9,3,-89303.0,3/090790,4147,-4794303,3:3,390/02-74,8

-003.43.0;0/$40,709,3,-4:9-0357447,39,-47943,8,,897084790

29,84.438/079084.,,3/0.4342..489841-733:3,390/./70339490

47/ %0 41903 706:70 90 ,/45943 5488-908 4790 4;0732039, .489841148907

.,7092,,8484:53,907.72089,989.847905748,3/.43841.4397,.05943

47 ,-47943 4: 29 70,/ 90 .,59078 43 9080 94 88:08 3 44 41 90

,14702039430/17000-448,9995,3/:;07709:738314

%0,94.0-890789,347:28

995.789,3147:28.429,8.90/903:2-07418070,90/

5747,289,9!708/039:813,3.0/479/701:3/81742%0893.:/088

3423,94384157410:/08%089,8.425480/-,907!090708970,9394

90178914:70,7841!708/039:8890723411.0%070,705,0841,.9438,3/

574.,2,943870,9;094:88;041789,390/439050.94:9470,/902

,-:990,703.:/0/943/.,909,9:88,.411:3/34190&!,843,

82,3/.,94341854845%0;/0489,902039419070,8431479/7,,41

1:3/8,83,8430./54.197:0843,82,5,7941905708/0398949,

70,8433

,3:,7!708/039:8#0389,9080.49!4.-,38:8041&$243014747,3,94389,95742490,-479434;0780,8995:2,30;03984330.42,790.4.992,7.!708/039:80580/.,90!45043!,::9:7,0390799537.47308#%0!4507023/8:89,901700/42/013084:73,9437085438-92:89/01304:7;0890!708/0398,/0.,0308:894;0:5944:7,857,943894-0,1,7,3/:8984.09070,,700.420/,



,70;,:0/,3/,,7057490.90/3/0830;072470046:0399,3030850,8147,.:9:704110%0.:9:7041108,0.423.:9:7030;070.:/330;07/;/330;07/085,73,3/,,8,117239044/308841103,9880,8438,7.#0:90787054798:888:08,-479437:047/074:91,38$03,90995,-.3084.4280.94385499892

57!708/039:8#0897.98#&:3/3,3/480904:800238911.099510890309/3,579257:8,38$0281742747.030995,3,34;,.42308894782*9257!708/039:8,554398,90744/5745430399951,208347908947/35,0.12!57!74.,2,943,943,,41!7,07

995904:804;308700,92,&$4:80,.8!708/039:83033:3/894;0780,874:58%,9!742490-479430,,943995.438890391047&$!4.92,:8/23897,9430381147994!:9!7410/;4.,9084339073,943,!,308$4:7.0,83943!489,:79073,88$48:88789:/.,!.8!74283$4:7.0!7410314309

,:8;077:08!404342300554398!741079425479,39$9,9005,792039!4899959033088007994104730892:30:843988:0,!74.,2,943598:941,!7/0,$4:7.0884.,90/!7088:30:8$:554798$9743089!7410,343:2,3433$4:7.0884.,90/!7088

::8/23897,943,7/8-89303.07,39894!8!741074:58::89:84:/'0943:3/341//943,$#::899947300307,438.741970.039,730/9,90889,341

:/083423,90/-:8,;00;03,/,0,73-0147090024.7,9.,0/$03,90:/.,74229900::89:8439,.439490&390/,943843-47943$4:7.0#0:9078



.94-07:8/23897,943,7/8/45943,7030887,398$!7088#00,80

4;02-07904:80,3/,2,0789!74-47943203/20398

4;02-07024.7,9.,0/$03,909902598940,03!7410!4.08704.0/-'094%70,98,3/!7410,2,078

0.02-07:8$00.98!74104;940,/#05:-.,3!,79,3:,7:8/23897,943!74548084;07,041&3-473/70330,938:7,3.099510890309/3,3920-7:,7!708/039:88#02,78,9$9:08,94.:7.995904:804;308700,92$05902-07:8/23897,9433,084;07,041&3-473/30,938:7,3.0995;8475708837.*892

,3:,7:80.,708$,3.994110,,3:,799557089814710474;073-:892,3:,7#02,78!708/039:83!430,94,7.4710!,79.5,39899510890309/3,3,92,3:,7!708/039:8$0083.70,80/-89303.0:3/3$4:7.0884.,90/!7088,3:,7:8/23897,943,881080;045309:8,8&3-473/$4:7.0884.,90/!7088

$9,9082,.,881,/0;0453109:8,8,3:3-473./0-01474;07320390,9.,7090:8,/23897,9438,/%:78/,;343.4204203,..088945703,9,.,70,3/-48907390,7:2039841,-479434554303980-7:,7!708/039:88$3.0705570.,94347!7,078$,/47299597:9471.943.427:2478-:857,07706929951700705:-..4214.:817548980-7:,7%0!708/039801,70#0147214.:808431,208,-89303.0,3/

479951,247.147:210,9:70,92,7.:88,943,3899:90410,942300$:554798425090,343:2,3433$4:7.0,83943!489,92470$:3,7.024.7,9.,0/$03,906:,808423,94341!7410:/0,708!.07399570.,2,207.,47!$,85894757!708/039:8$50,94!74100,/0780/308/,$4:7.0,943,#9941008



57!708/039:88#02,783554894394:2,3433995904:804;308700,9257!708/039:8,843$03,9094,.:2,3433,399537.473;9257&0./08,389,740,78:8/23897,943$4:7.07/,

,,!74.,2,943,943,,41!7,079953,943,/,4157,074720/,5708/039.12,:8/23897,94355483-47943,9&/4310703.0$4:7.0,94.,2:2,3#983899:90,!7410:/0744$29.431720/147%7/7.:94:7941550,899570.,2,207.,47!$$8,0420,85

,90894808-/94,9:881,97010703.089958,.-00.42.439039549.92,788,,30/947;,:,908:88#0,94389&$,94.8995.347,7.;08.3:-92:!74-4794374:5899,.:8:/.,42300!78.,03$4:7.0#054790/-884.,90/!7088::8/23897,94394/8&!430$4:7.0884.,90/!7088

::8334:3.0839,9;0943.4:7,0/4594341/703348907,70995904:804;308700,92::89:8$38473;031,398!7490.943.9$4:7.0,943,#99410422990099537.470/07,473*;0*31,398$05902-07#554808.,0.43308423,9439490%0397.:94:791550,8$9,90203941#!708/039,90.02,3

9953,7,4720/,7084:7.082..433092.94-07024.7,9439740/&$$03,908!74108,;470/-!708/039:8,3/!,880/-&$4:8099537.470/07,0&5/,95:592%0!,79,79-47943,3.9#5,880/-904:8043:%00/43$9:5,743-,.08,94394-,3,:2,3.4333.:/390.43341:2,302-748#$5,880/-904:8043:



%0&3-473'.92841'403.0.9#,-9470.430,8,0,;.92,3:3-473./483:70/470//:73.422884341,10/07,.7205,880/-904:804357%0/:894/!7490.943.9#942,09,.720949,0,2347,.748889,90308147,80.709,-47943198,-7/08075,703987994-03;4;0/:3/07

90742089,90,5,880/-904:804357%0-47943438.723,943.9#94574-989,90,3/4.,4;073203981742/8.723,93,,3894859,8,3/49070,9.,70574;/078147701:83945,79.5,903,-4794385,880/-904:8043$05902-07.94-07!708/039:8:/3$9743!7410#0.47/$4:7.0489434-0

.94-07904:8089,11078,907147'4:39,7-0$9:/'4:39,700938$4:7.0&$%4/,.94-07072,399,.8:8/23897,943!48943,389:2,3433$4:7.0,94.,2:2,3#983899:90.94-07!74-4794374:5,3/$03,947,8.0439,550,147574,-47943$03,90#054790/-,943,#99410$4:7.02,$039742#

.94-07!74-4794374:545548083423,943417,;/,0794.,790#0574/:.9;00,97:8/;8474229900,078,202-0774:580789,30/.,884.,943,3/!8.,38#084:7.04:3.1474.:84390,2$4:7.0,1473,-47943#98.9430,:0995.,7,47,079*.:7703992.94-07:870.98/;847422990094!7490.9:2,32-748$4:7.0884.,90/!7088,83943!489.94-07!741074:5855,:/:80.84343:2,32-748$4:7.0-07.,8908$07;.0

4;02-07:8-,.8,,174270574/:.9;00,95,.9$4:7.039#//07085,507899593.908.422/5430075708892

4;02-07:8/23897,94398147&9455480:2,3433$4:7.0#0:9078

4;02-07:8#99455480-47943,939073,943,00938$4:7.0!45:,943#084:7.03899:90



4;02-07904:80!7088:708437088940059,7-47943,3$4:7.0!7410314309

4;072-07!74-47943$03,9478,-:8907!7410:/.,42300$4:7.0%208,943,#0;0

4;02-07$03,905574;08!7410:/.,42300$4:7.0884.,90/!7088

4;02-07:8/23897,94355489434393:089407,,0&433,3$4:7.0884.,90/!7088

4;02-07:842300147!,30$,8#&&38,10$4:7.0-07.,8908$07;.0

4;02-07-47943/;4.,908,8:88!74104703!4.$4:7.0-07.,8908$07;.0

4;02-0743900;0900/,!4797,,41:8,849!7410$4:7.0-!,:07.-07.,8908$07;.0

4;02-07#,/.,899,.:80.,:8041&!7410$9,3.0$4:7.0:893#:80417/,,0.02-07#,50,84190!74-4794374:5!045047%0207.,3,!708/039:8147423,93!7410:/08$4:7.0!04504790207.,3,0.02-07:8/23897,9437,.843430,254790/-47943

7:8$4:7.0884.,90/!70880.02-07:8,423,90!7410$:570204:79550,84:79:89.08$4:7.0047%208&$08,3/47/#054790.02-07:8$74343/0238#,.820!742493,9,80/39,9;08$0090!708/0398#02,78,9995904:804;308700,92

0.02-0743708843,09907$:554798:855489439439073,943,-47943/;4.,.$4:7.0!74103143090.02-07&!45:,943$:229038:8/23897,943,9908-47943/;4.,908$4:7.0884.,90/!708839#//07085,50780.02-07:8/23,0/074.4755483-479439!45:,943$:229$4:7.0-07.,8908$07;.0



0.02-07%0.,72,341!708/039:88-409.8.4:3.7043#,884190&3;078941.,4,..:80/$9,3147/&3;078994/,4197394.43.0,9097:03,9:7041988902.07080,7.5,3$4:7.0884.,90/!7088995,839435489.42,.53:,05739070.02-07:8/23554398!74104.94!,30

$4:7.0884.,90/!70880.02-07&$99,.0/147!7410$9,3.0,9&4310703.03,34$4:7.07/,,0.02-07-4794355430398,20/94!,303420380,9$4:7.0884.,90/!7088,3:,7!74-4794374:58450:8439#03423,90038$4:7.0884.,90/!7088

94#.4308"&$850,8,-4:920093:8,990!039,43995,07,/.423/4*70/-,*.48092,3:,7:8#03423,908!7410:/.,,3//,908$4:7.0884.,90/!7088!,330/!,703944/99,.8:843!7410#0.47/$4:7.0!,330/!,70394//80-8909958,;0740.424.743444*/0.,85

,3:,7!708/039:80.,708$,3.9941:2,310,$4:7.0884.,90/!708884800995904:804;308700,92,3:,7:8//708808!7410788802-0/47,7.471099579941074.47321-:892,3:,7:8/23;0798&!:3/894,9073,0,9!747,28$4:7.0#0:9078,3:,7-47943/;4.,90899,.34907:8!7410:/.,

42300$4:7.0483008%208,3:,7!74-4794302389,479554808:88,9089!741042,3:/.,42300$4:7.002389,087099510238947308308-97,85/,3:,7!708/039:8,8147,343!,79,79-47943,3/:2,343338$9,904190&343//7088$4:7.0!7410314309$00,84995904:804;308700,92



.,73147./7034300/2039478,3/147,//.90/203,3/42034300/970,920390,70-:/3,24700.42384.09,.:9:709,9;,:080;07103/3984702:893494;0744900,089,243:8,84:9457490.931,398,990;074:741-79,3/03/9057,.9.0415,79,-79,-479433/-0.,:8034:2,31084:/-089,790/4703/0/,8904-0.941,305072039,84:94809,89,3/,7/147:2,39,3/5,88,,,,389,:2,3.433,3:,7%#%%!!&$&$$%%%$

!#%#%#%&%##%$4:7.0!7088#00,80174290,943,#994104229900,3:,7!74-47943024.7,984./94420331,389,3$4:7.07/,,,3:,7!#$%&$&$%#!###$'%#$4:7.0!7088700,80174290&$05,79203941/:.,9439950/4;!7088#00,808,92

0-7:,7!74-4794374:58&70-:890741:8:/.,423,943$4:7.0,943,#994100-7:,7:8'094$503/3%,940839,3-47943:3/3$4:7.0,83943%208,83943!4890-7:,7$03,90024.7,98$,%0,34.:8:/.,42300$4:7.0884.,90/!70880-7:,7%030:/03085,7941!708/039:884/019

03/.941,110.98.448,.748890.4:397%0:/030889,90$9:/03982,057088907-0018,-4:97043342047,7947,3/490779903,3/47,,8832039817001742/8.723,943-,80/4390704:8.439039419078:-288438$4:7.04:707!48933099584:90780308.4288:02/92,:.,/49!708/039:8:88,80100889743079,30;07-0.,:8041,90

5045057,31472995894382,78;04734908330892

0-7:,7:82,9,5,1473,$:570204:79:89.0,3.0#4078743,.43807;,9;0:/047:0/,,389,1172,9;0,.943,3/,-479437981,8549450384390&$$:570204:79$4:7.008000-7:,7!708/039:8,03$:3/394!74-4794374:58$4:7.0884.,90/!7088,3/4909,7$,:908!708/039:8$4:7.0%0!,9749807,/9955,9749807,/.42.4390398,:9055



0-7:,7904:80.43/0238:2,302-741,728,203/2039$4:7.0,943,#994100-7:,7!708/039:8&70843708894'490147!7410433,3$4:7.0!74103143090-7:,7,1473,-47943,3/#0574/:.9;0#98.9430,:0&708

$03,94789455480:88!741042300894&$4:7941,550,8:0897,/,,3/01170$:9943$4:7.002,1742,1473,-47943,3/#0574/:.9;0#98.9430,:0,7.!,0,:/8$9,3147/8.447014725,3/:.,943$0.709,7#4/!,008907/,,55,:/0/,705479-,$9,3147/&3;0789939,39,9.,84310/07,,3/89,904;073203989405470,//943,14728418.44.4.05:831,7-043/90-4:3/,7084193/897.95:-.8.44.4.0$4:7.0,83943%208

,7.0800!74108:8,8489#04:8!708/03941#0.039%208$4:7.00800,7.:8/23897,94388:08$9,902039$:554793!,79,79-47943,3$4:7.0!7410314309,7.$03,90!4/872,8'49043-479430,78$4:7.0047%2089956:0739208.4289,-897,.

,7.$03,90!,8808!,79,79-47943,3-/0,73$4:7.0!7410314309,7.:8!7410:/.,42300%0,8$:570204:79:/0!78.,03,#0.0;0'490$443$4:7.0884.,90/!7088,7.:8/23897,943!74;/08#0.47/:3/3147-89303.0/:.,943$4:7.0,83943%208

,7.34907:8!7410:/.,42300,7430$20,70/-07,8$4:7.0%7,/943,',:084,94399597,/943,;,:08475739558/,7.$03,90:/.,74229900431728:8!7410:/.,

423000!78.,03$4:7.0884.,90/!7088,7.,1473,-47943,3/#0574/:.9;0#98.9430,:0



&708$03,9470389039455480:88!74104230094904:794190550,8:/0,743:$4:7.002,1742,1473,-47943,3/#0574/:.9;0#98.9430,:057,1473,-47943,3/#0574/:.9;0#98.9430,:0&708$03,94789455480:8!7410:/.,423000!78.,03$4:7.002,1742,1473,-47943,3/#0574/:.9;0#98.9430,:0

57%4:.3$947-4:9:8!7,3474:3/0/%7445843'8994,907#00/0/.,039073,83943$4:7.099503;908471:$9475592,3/995834508.42549.8-:83:70/,8557$03,904229900'490%84394309:8!7410:/.,42300,743:$4:7.0!741031430957!708/039:8423,90834907!74107147:/.,$549,-,2,8!74109947300307,!747$4:7.04-0#08907

574/700$.444308&$/:.,943$0.709,7#4/!,08:3/07170147/0103/3704:81700/4253434:73,4257!708/03990890!40741!7,073!$,109#09:7331742,25,;/43$:3/,!708/039:8,8,80/,19070993411900.45907,97401,9,3/57,07,/390708.:04190!8,3/3.42147939071,20808,/494190294/2090,/-0038:89,30/-57,07-003.4214790/-9029/:73,9,/94,;0-003;07/11.:99208%094/209,99010990757,078,/-003,38070/!7,07854071:$4:7.0!708/039,!7,07%0,2!7,07%0,2!708/039,!7,07%0,247(

57$.:207,94.800/49550343347!708/03941,2#080,7.4:3.79.08047$03,947:.$.:20714755483:88,94.!7410:/.,42300857!708/0398,8907088,047789,389010,3//0,94108:8,7090:92,90057088438414;0,3/908:57020/0243897,9438414/8207.1,91:3088,3/70/025943$3.0789827,.:4:8#08:770.94343,890724709,30,78,4789,38,;00570880/

4,3/7,99:/01479843/74:88,.71.0,3/1474/8574280411700/421479045570880/0,314790-74030,790/,3/8,;,94347901:2088,0800

995904:804;308700,925734907:/04208&3/0799,.$:22,7!74,-47943024.7,9834,;0,34907:8:/.,9,70994820,70434208$4:7.0490742%7,/943,',:04,94380.:9;070.9473/70,,1107957:8/2348$9,9089438:70&3-473/703%74:!$4:7.0!741031430957%043899:9430,230/024.7,98979425480,704:8908943

:/08



$4:7.0!741031430957:88!7410:/.,554392039800/4:705$4:7.0!7410314309;0790,89102439890!7410314309,87054790/4380;07,574103423008!708/039:8,8,554390/94;,74:8:/.,5489438

$4204190803423008,;097,.70.47/841:54/35741008,943475:-.3907;09,9#40;,/08-,/,9078,;050/0/94:54/907:041,,3/34908,90174290-03.,997-:9089,9.,14770850.9390794189,9008,9:708945,88,89,929,-47943048,34;07;04109:/.,34230089,9/0807;04:78:55479,3/

-,.74:3/843902,3/9073423,9438:0897,/,423,90/147907.:94:7941550,8147,839439080.43/089.4:79:3/090$:570204:79,3/,8905538943094,,907$:570204:79,554390/897,/,,8-74:99490$03,9014470,707980,70/408349

-00;09,99043899:943:,7,39008,7994,-47943$420803,9478,70-4.3897,/,8.43172,943;490-03,33,1-:8907$03,90,4790,/07789#%1,0/314:7,990259894.:9411/0-,90343,8.49:70,73073434190;4908300/0/98:3.0,7090700907097,,3%04:7$03,9478948945901-:890701170$:9943$:9943,83423,90/14790$97.:94:7941550,8,3/,5574;0/-90$03,90:/.,7422990030-7:,7%01:$03,90-0,3.438/07,9434190$:99433423,943-0147090,890770.088-:9//349;490%0708:20/0-,9043%:08/,579,3/574-,-;4909,98,20/,%0574,-47943#04:84,943147#0574/:.9;04.0430/

490747,3,94383,09907.8,83 5,7901170$:99438.43172,94394,10920548943439010/07,-03.970,903894/82,3909025479,39,389,9,;0-003.79.,94420388:..088,3/0:704:94700.983423,943!78.,03423,90/14790197.:94:7941550,803,8,5574;0/

-90$03,90:/.,742299003,7.3,897,95,7930;4908,%0,8$:570204:79:89.0031706:039;490/94:54/%0,85,7039,3491.,94389,9:90,3/701:80/94,490037894,;0,-47943894:99075,70398340/0&3,-0940945543039894,700349941-:890703$03,90,4790,/07789#%,8-0033/01390,-4:9030800,.43172,943;490-:992,-03

0,7,43#4-0798#4-0798,83423,90/147907.:94:7941550,8147,83943,3/,8,5574;0/-90$03,90:/.,7422990030-7:,78,:89.005,792039411.,39080,7:0/9,9#40;,/0,8743/0./0/,3/,.9;05742490/011479894099,9/0.8434;079:730/3430-7010,7:0/9,95741057490890784:98/0,-47943-:8308808//349/8.723,90,,389420308:554790/,5741020,8:70574-9310/07,1:3/0/1,25,3331,.90817427010773147,-479438%0#4-07983423,943,834909.4209490$03,901447-:9.4:/.420:53,



0-47,4444,83423,90/-!708/039:814790$97.:94:7941550,8,3/,5574;0/-90$03,90:/.,7422990030-7:,78,300.90/

:89.041904$:570204:79448.,3//,.,803/4780/-4#99410073423,9438050.90/94.4209490$03,9014473,,743:423,90/14790397.:94:7941550,8%0$03,90:/.,74229900,83490994,.943073423,943-:98050.90/94/4843,8,:89.005,792039411.,3908:,7088;0,7:0/147904:97970;078,

41#40;,/08,3,994730357;,9057,.9.03900,78807057080390/, 5741058.,3874:5,3/,7:0/38:5547941293,-47943701077,8,910/07,1:3/0/1,25,3331,.908,708!.0730,8-0033423,90/14790197.:94:7941550,8%0$03,90:/.,74229900,834909-74:923147,0,73-:98050.90/94/4843,043.0.,70/,3,943,#05:-.,339,9;09,9,5574;0/,5,3147905,795,91472/0.7390#40;,/0/0.843,8,3397:843394901,2897:.9:70,3/.,3147,799410,203/20399490.43899:94388435!.0738,574104370882,31742888855

04342084208,8-0033423,90/147900/07,897.94:7937,38,8%0$03,90:/.,74229900,834909,.90/4383423,943-:9.4://4843,08,8974357410,/;4.,90,3/901472075708/039417,38,8#9941057%&$$##$$!!#'%&#'%$'%%$#!#$%&$'$%%&#$&###'$&

#$%'%$$4:7.0,943,#99410422990057!74-47943023898.79.0102,0.4:795.8$4:7.0,83943%208995,8%208.423,943,9257:8$00.9834907!7410550,84:7942300903/388970,415.357410,/;4.,908479480394:54/5741008,94314725479,39&$550,84:795489438!708/039:84343/,

3423,90/,:/0039490#.243/-,80/&$4:7941550,81479097.:9$4:7.0,83943!489#.243/%20885,9.03050//7,19'73,85,7039,3491.,943,,3/8:554790/,57410,706:73,-479431,.90894;0420331472,943,-4:9,-479438788,3/,9073,9;084:7857479450714723,3,-47943$2,7,83490789,908,;0831.,3970/:.0/903:2-0741,-479438,024.7,9$03,94784.:88!7410:/.,!.8$4:7.0884.,90/!7088



,$03,905574;08!7410:/.,423004393:08-:8907:/.,3423000-47,44/030/0;03,0,7309,430,;490-90570;4:8024.7,9.0/$03,9043.43172,9434343/,174290#05:-.,3.439740/$03,9044,83423,90/-!708/039:814790$97.:94:7941550,8,3/,5574;0/-90$03,90:/.,7422990030-7:,78,300.90/:89.04190

4$:570204:79448.,3//,.,803/4780/-4#99410,3/80.,89,57410;4903430.,809,970,.0/9089,908945.4:793,,705,7930;4904190$03,90,5574;0/44830,7940,74/-/9400;,90904$:570204:79:89.094909&$7.:94:7941550,833.33,9%0.4:794:/,3/0,550,84108,9433.:/357410-817424039:.%03308800,3/.,3844343/,#05:-.,38970/,3/1,0/147,119920948945,024.7,9.1-:890741,349074389,0/:/.,342300:0897,/,

$4:7.0#0:9078$08,!74-47943,943,7,3,943414203554808!7410:8:/.,42300:/00434208$4:7.080-890995344788:0808,93423008420892,:8/23897,9430807;0870/9147-89303.0'.947%0904:8049507843,3;4;0/3,890085,88,041574,-89303.0,203/2039894,4-,$-,3/90708:9,844/30814757410,/;4.,908

!741,274:58070/090/,89000394,-89303.01703/,203/20398070,99,.0/94,3490780/8,5543934-,$-4907013/34:9,99:730/909/0%0904:80//84200,;/:94--3$4:7.04.:84390,2,$03,90#0.438/0734907!7410:/.,42300$443#05:-.,385,33.423008949,0:5903423,9434157410&$897.94:79:/0,708!.07341888855401,.08,1-:89074390$03,901447-024.7,98

:/0!.07383423,943949097.:9&$4:7941550,8,8850/,890,743,5,7930;490390$03,90:/.,74229900.,8.439740/-024.7,98,990920!708/039:8703423,90/23,3:,7!.07343.0.,70/,3,943,#05:-.,339,9;09,9,5574;0/,5,3147905,79

5,91472/0.7390#40;,/0/0.843,8,3397:843394901,2897:.9:70,3/.,3147,799410,203/20399490.43899:94388435!.0738,

574104370882,31742888855$4:7.0,83943%208



:30:8:/.,42300!74743/0238-479433$03,900,73!708/039:88,9089550,84:79342300!74794/90$03,90:/.,742299000/308/,9,9,-4794382:7/07,3/9,990.4:79.,800,398904789,-423,943390894741.43899:943,,$4:7.0,83943%208

:30%0:/.,4230044:/39,.43!747$4:7.074347.4:2389147,943,#0;0330:30,94.8458$54082,3%089108,9!708/039,4228843%4/,90!708/03984:3.43409.80,7/90892434390;,:08,3/573.5089,94:9944;07354.43:2,302-747080,7.#.,7/407130705:970.9474190$0.709,7,9147!7410.9;9084190&390/$9,9084310703.041,94.8458,8,243900507993088081479020093$4:7.0!7410314309

:30!74-4794374:5870,904,9439455480!7410423008

30574,-4794374:583.:/3#!744.0207.,,3/90!,330/!,703944/0/07,94341207.,,;014720/,4393491475741947,3,943,20/850.1.,,9455483,549039,$:570204:793423004/4083498:55479,-47943$4:7.0#4,,$94:73,:!74-47943024.7,9$03,9478$9,!,79,79-47943,399510308.423,992$4:7.0100842

::8/23897,943#0308$:55479147074&!:3/3$4:7.0100842::8/23897,943$3,8074147&!$4:7.0!45:,943#080,7.3899:90007013:$03,90:/.,742299005574;08!747423,943-:8907099510308.423,992$4:7.0100842::8423,908!7410,.42,394,9438$0.43/08999510308.423,992$4:7.0100842

:$03,90#00.98'4904303147%7/%20,839431008.42479097/920202-0784190$03,90700.90/,3,99025994.480411/0-,90,3/9,0,;4904343041!708/039:8857410:/.,3423008!74,-47943$03,9478070,-094/0390;4908300/0/948945/0-,9043903423,94341!78.,0394909&$7.:94:7941,550,8%0;490

574;0/43.0,,39,9,2,4794:/-,.038.43172,9431/0-,90.4:/-0894550/#05:-.,3807031,;474190;4909403//0-,90,3/070430/-$03007,3/57410$03030843!708/039,.,3//,90843/,7/84-7,,243077,3/400-072,3%070349570803914790;490038455480/-,-47943,/;4.,908-0.,:8080;490/



94:54/,%0,85,7039,3491.,943,9,9574-90/9003,0781742,;3,-47943894:9903;4;02039419075,7039899510308.423,992:$03,90'4908,38949:7043897,/,423,94399510308.423,992$4:7.0100842

:!7470.4208,9089'.9241$03,90-:890799510308.423,992$4:7.0100842:$50.,08079%,34:7!708/039147$:554793,77,0$4:7.0,3.0010380:3/::89398414:2-:843/0238%70,9203941,94.:/.,42300899510308.423,992$4:7.0100842::89330849,!,3944;07&3-473/703#0.0;08:8

/23897,9435574;,99510308.4289,9092$4:7.0100842::8974:5$503/94010,9:80.9!74-4798399510308.423,992$4:7.0100842,839431008.4230549.,74:51:3/0/--43,700470$4748,3/7:3-,14720702540041,0,/3574,-4794347,3,9435,38948503/24337,8874498,.9;82949,70957410!708/0390470:8147/010,93

::89;#980,/07":98!;07:8:/.,42300899510308.423,992$4:7.0100842::89!708/039,42288438.:8808#0:,943413'974079,94399510308.42450/92$4:7.0:893#:80!708/0394190:9:7041104:3/,943::89,94.%044,3.,04;,!7,808!708/039:89953,943,70;0.4234;,34;,,85$4:7.0,943,#0;0330::89:8/23897,94301:3/8$!747,2;07-4794374:58

!,79.5,94399510308.423,992$4:7.0100842::89$9,9005,79203901:3/8798-47943!74;/07$4:7.0047%208::89$9,9005,79203901:3/8,70-47943!74;/07$4:7.07/,,::89:87/078&390/$9,90803.14739073,943,0;045203994$945:3/37,3,9438%,9!742490-47943$4:7.0454102474290904:80



$05902-07:8/23897,9435,3/8!74100.49!4.99510308.423,992$4:7.0100842$05902-07:87/078$9,9005,792039%4$945:3/34703-4794374:58$4:7.07/,,

$05902-07:0897,/,9/7,8,20742438/07,94399510308.423,992$4:7.0100842%88489025479,3.04100.9357410$03,94784;4909403/90024.7,981-:890741!708/039:8857410:/.,3423008$05902-07!74-47943024.7,9.$03,947,77#0/'3974/:.0820,8:70944;079:73900.49!4.#03899:90/!708/039:8%00.49!4.570;03984:710/07,9,/4,781742

-03:80/945742490,-479434;0780,8$4:7.0100842$05902-07:8/23897,943!:78:08%49,:2,3433,3,9&

$4:7.0100842$05902-0705,792039410,9,3/4:83$07;.08;08243343:80894$9,908147#0/:.3-479438$$0.709,7%422%42584394/,,334:3.0/90,,7/412433-43:8089414:789,908,7,3/447,/4423%0,890897.9414:2-,,3/90'738,3/8147,.0;3903,9438,7089/0.70,80834:9410/4.-798

-09003,3/$4:7.0100842.94-07:8/23897,9430308&!:3/3,3

99510308.423992$4:7.0100842.94-07!.073423,9435574;0/-42299004;0894:$03,9099510308.423,992$4:7.0100842.94-07024.7,9.!708/039,,3//,9043077$,8:8:/.,55439203984:/:79-47943#98$4:7.0100842.94-07!708/039:8!74.,28.9,77,0!7490.94300!708/039:88,/

,77,08,8,.70/3899:943,3/9857490.9438088039,9490.4393:0/897039414:784.09,77,08,:343-09003,2,3,3/,42,3,3/2/23897,9438473948:55479903899:943412,77,0-053.4:508-:/8:..0881:2,77,08,3/-044/5,70398#080,7.,88439,943,;07,0./7037,80/34:804/80,/0/-2,770/5,703981,702:.-099079,3./703474:5349071,2897:.9:70802:898:55479903899:943412,77,0,3/055,70398-:/89743071,208.94-073;089,934!,99078438#&-479430,999510308.423,992$4:7.0100842



.94-07!708/039:88409.84228843,73841:2,332,,-0899510308.42-492$4:7.0100842

4;02-07!708/039:8!74.,284;02-07,943,/45943439995904:804;308700,92$4:7.0904:80:!708/0390470:8,3/789,/,:7,:8,334:3.0/,3039,9;0943.70,805:-.,,703088,3/03.4:7,0207.,3894.438/07,/4594341

./7033148907.,70053/703,3/:/3,208%74:/45943!708/039:8,334:3.0/,305:-.807;.0,/;07983.,25,310,9:73789,/,:7,:8,3/,.9477:.089403.4:7,0207.,3894,/459./7033148907.,70%0!708/039,849,550/7:.0894807;0,8,3,943,85408507843147./7033148907.,70%0!708/039,84,334:3.0/90.70,9434190178910/07,,3/433,943,0-8909,914.:80843,93./703/459&$/8479,970/:.090

047,5.-,77078,3/,93920300/0/94.4330.9./7031742,.748890.4:3979,/459;01,20839817890,7910,9:70

5.9:708,3/574108414;07./703174289,9084,70,;,,-0147,/45943,80,8,/,9,-,8041,5574;0/,/459;01,208,.74:3/43%4/,8!708/039,.9434709,34190207.,3./7033148907.,707,333,0174294//078949003,078,70,9394-0,/4590/3,;07,09080./703,;0-0033148907.,70147,248914:70,78489419080./703,;0850.,300/89,929907,-994-0,/4590/8:.,8-035,7941,8-374:59,98089489,940907

-043394,5,79.:,7093.74:547,;358.,47024943,.,0308%080

./703,70,/459,-031,.934;07./7033148907.,70070,/4590/:970.7:93,1,29,9.,3200990850.,300/841,5,79.:,7./.,3-0.,0330850.,0390791,22,;03,/110703989,9047.4:39!708/039:8-00;089,90;07./3207.,/0807;0894;03,8,105072,3039,3/4;31,2%4/,90!708/039,334:3.0//45943!:-.$07;.0/;079802039!$%0,/45943!$10,9:7090789,/,3/,.9477:.089,849,300-890,3/9417003:2-0714739070890/1,2089470.0;0,/4594331472,943,3/-07010770/94907$9,90,/45943850.,89//943,!708/039:8,8,80/7:.0894807;0,8,3,943,

85408507843147./7033148907.,707890/07,/459430-$90,3/3907309!494893/459&$/847,33907309,/459435494893807;.005.4330.9,93./7031742,.748890.4:39794;3,/459;01,208%0890574;/08574850.9;0,/459;05,703989,57;,9080.:705,.094.422:3.,903907,.9;0949071,208,3/,/459430507980850.,:801:1471,208;337:7,,70,8$4.,47078-0,-09414436:70817421,208,5574;0/94,/459,3/708543/94902389,39974:90890/459&$/88,339,9;04190/7038:70,:419005,792039410,9,3/:2,3$07;.08,3/98.:770394507,90/-90,943,/4594303907



!708/039:884229203994!742493/45943!742493,/45943,3/8:5547931,2084,/4593,3:,790!708/039830/90!742493$,10,3/$9,-0,208203/2039.99405$9,908

574;/0807;.08945742490,/45943147./7033148907.,70,3/574;/05489,/459438:55479941,208849,990.,389,89743,3/907./70370,.907549039,%0!708/0398-:/09897438:55479890!742493$,10,3/$9,-0,208

5747,29,33.70,804124709,32434;070;08

/45943%,70/9%09,7001-9,990!708/039830/,890,75072,30390903/8,3/3.70,80890,/459439,.70/91742507./94507./1476:,10/,/45943050380847850.,300/8,/45943893.70,80890.70/917421476:,10/,/4594305038089470,7/088410503808.94-07!708/039:8!74.,28!7490.943742!47347,500$4:7.0904:80995904:804;308700,92

.94-07!708/039:8$,8#089473%077800/3%:-0,8#90.84399510308.42-492$4:7.0100842.94-07!74-47943024.7,9.(,2,078-:8907!.073

423,94399510308.423,992$4:7.0100842

4;02-07:8/23897,943$9!:83147&433,3'490%:78/,99510308.423992$4:7.0100842

4;02-07!708/039:8$38!,79,79-47943,3.941$4:7.010$90088310890309,84800

99510308.423,992995904:804;308700,92!708981471043!,79,-79-479430,;0%:730/47307995700,808:830870.4209#0/

4;02-07!74-4794374:58$9,79/,25,38,893!708/039:899510308.423,992$4:7.0100842

4;02-07024.7,98-:8907!747423,943:/.,75574;0874399510308.423,992$4:7.0100842

4;02-07!708/039:8$48$9743!741000183!7;,900093899510308.423,992$4:7.0100842

4;02-07!74-47943024.7,9.$03,9478,3-:8907:/.,423008$03,4790,/07789334:3.089$0884309009447.0!74-47943024.7,9.$03,947894/0103/9071-:8907$4:7.0,70%,808,9;070.9474100780#99410

4;02-07!708/039:89,7090/147/010,9-43041907.089203347/0470$4748%,7098!708/039:8$4:7.0,70%,808,9;070.947410



0780#99410$00,84!74-47943(43,70$4748;079748047,34;9$098$9843:874,9,$4:7.01008.42$00,8490039705479,3/904-0.4;07,099503947038;8:,,5928/9954-0,3/2,.42807;09$9477439

4;02-07!708/039:8!74.,28,943,/45943439$4:7.0904:80995904:804;308700,92

4;02-07:8/23897,943$00894$500/&5!,79,79-47943,8:98$4:7.0100842

4;02-07$03,904/,7,9430-,9043!7410:/., 42300899510308.423,992$4:7.0100842

4;02-07$03,900-,908!7410:/.,423008:802,3/8'49099510308.423,992$4:7.0100842

4;02-0743(!4070;0,8090,.0880:,,-89303.094789953083/0503/039.4:47/58947

4;02-07!74-4794374:58,9&79.0:8#084:943!742493420399510308.423992$4:7.0100842

4;02-07789,/,:7,:8,.8!,79,79-47943,3$4:7.01008.42

4;02-078.4;074139073,024809,8554894394!7410:/08$4:7.01008.4299510308.423,992%02024,88803,947894455480147207:8:/.,342300:0897,/,-0.,:800,8,232,5,50797,20,339,93493,8-003:30,790/9,9.,3-0:80/946:089438.,7,.907(08,934,3/90904:808002894-0744232147,$:570204:79,554392039

4;02-07&$0.4342.74970;80/:5!70,9,-89073 507.0395,.039097/6:,79071,89079,3473,94:9$4:7.0430

0.02-07:8/23897,943!:808&94#0.438/07:2,3433,30,$4:7.01008.4299510308.42-492,3:,7,843!74,-47943:7450944:3907789,3904:80$4:7.07/,,,3:,7!74-4794374:579.08:88!7410789,34703!4.$4:7.01008.4299510308.423992,3:,7!708/039&3;08$.444.03.039;0:3/9,2009398



,1907344390,/07841,94.0/:.,943!708/039:88,/0.,4343708894089,-8,2433,943,.4.03.039;01:3/940524705,7039894803/907./70394908.449,98-089147902342,9907,93/418.4498%0904:8097,38.75941905708/0398702,788,;,,-0,9$4:7.04:3.147207.,3!7;,90/:.,943!995.,5030947

,3:,7!708/039:800-7,908,94./:.,943$4:7.0,793085070.94741,94.:970,.#05:-.,3,943,4229900995904:804;308700,92,3:,7:8!,38437;0147!742494341,77,0$4:7.0047%208,3:,7!708/039:80.,708$:3/,,3:,7$,3.9941:2,310,$4:7.000780#99410995.,5.423792,430..079/

,3:,7!708/039:83423,90857410(,708!.073940/07,03.!708/039$/089058-897:.94389&$$03,94783.:/3$03,94784730,3/,:903-07$4:7.0884.,90/!7088:8389,8.43974;078,:/043.4:79174200780#99410995.,5.423792,430..079/,3:,7!708/039:8&808#0.0885543920399443172!.073$4:7.01008.4299510308.423,992$00,84#,2#080,7.4:3.(!7,808#0.08855439203941,708!.073940/07,03.99517.4709.12!#

,3:,7!708/039:8$:554798900/07,,77,0203/203938$9,904190&343,//7088$4:7.0007804,943940103/,77,0995904:804;308700,92,3:,74:83$9,7983.70,80#08/039,.43897:.943,.9;95.0/:530.02-07053942,0,4190-0890,7147420-:/0783,6:,7907.039:7,3/:3/078.47390.79.,7409080.9475,0/3900.43428708:703.0

%042207.005,7920397054790/94/,9,94:83.43897:.9433.70,80/- 507.039,89243917424;02-07*03/343,349047,41,890,7903:2-07414:83:3989,9-:/078-74074:3/43949,0/243:517422433%0949,1472,70/90897430895071472,3.083.0034:83.43897:.943.,2094243$4:7.0884.,90/!7088,3:,70470:8$9,3/8&5147,77,0$4:7.0,3.0010380:3/,,380,78,,3.0/0103801:3/47



,3:,7!708/039:8,398-89303.0!747,2:3/3%750/ -$4:7.01008.4299510308.423,992,3:,7!708/039:8,8,7.14710!,79.5,398-4;0,02:89.4393:09.;9,3/70850.9947023/4:7104.90389,9,1088,.70/,3/4794157490.94334,84:709:73944:7.422:39084:70/4:-04:7011479894.,300,798,3/23/8430507843,9,9203/98890,0-:/,,893.:9:704110,.425,8843,9084.093.0;07./8-473394,4;3

1,2,3/57490.90/-,$4:7.0904:80995904:804;308700,92,3:,7&!!072,303948084347905,89940,7890:8,/23897,943,831,.9/0907230/9,9&!8:554798147.0/,-47943833,,3/89070147030-0147&$1:3/37,33.43708843,89,11202-0794/907/,,9,990.:77039-1448988,20574.0/:70,3/83.0025,8903,8349.,30/,3/83.0&!8,.943833,,;0349.,30/01:050.990,/23897,943949,0908,20,.9439,89,0314790

5,89940,7870,7/3&!$4:7.07/,,

,3:,7!741074:58$,!708/039:88#0.47/$97430807;08#00.943$4:7.01008.4299510308.423,9920-7:,7#!,334:3.0803/4780203941!708/039:8$4:7.0!7088#00,8088:0/-90,943,#99410!49.,.9434229900471:790731472,943.,,:7,.0;,77,803/02,9420/,70,943837.4747;8990#0-890,937.470-7:,7437088#0,4.,908&!430-47943:3/3,990

4393:089390&!45:,943:3/8&!1,:7094.43;3.3849,9983495,79.5,9347.43/433.407.;01,25,333,3/,-479435747,2833,437088,85072,303970,4.,90/902430,72,70/14790&!4;07905,89940,789449075747,28%02430344945747,28942574;02,9073,0,9,3/.42-,98097,11.30.42203/90:8/23897,94314798.4393:0/8974303147.020394190025,890339407.43,,,9,9,8.425090/870,7/0//:73903943/23897,9434:,84384308,9;070.947147,943,#99410

422990094/1008.423,03.9,9.4,-47,90833,8-7:9,.425:847,-479435747,284:/34970.0;0&$9,5,071:3/8$4:7.01008.4299510308.423,9920-7:,7$9,902039-!708/039:8#0,7/3900547,-0,88,.:80998$:57020:/.,4:79#:3%4/,87:34190,88,.:80998$:57020:/.,4:798/005974:-3,77,08,8,.70/3899:943-09003,2,3,3/,42,31,.9;89:/0838894370/01332,77,0-.4:7947/079043,9073,9;0-090.43899:943,574.08802:89/4,980,30.088,794/0103/908,3.99412,77,0$4:7.0904:80995904:804;308700,92



0-7:,7-47943/;4.,908#0,/94010,9:8$:5547943077$4:7.01008.4299510308.423,9920-7:,7:88!7410'043-47943;08/;,39,0;0743077303,943,54-#,82:8803#0547988489,9!708/039:8,38,14:75439

,/;,39,04;070024.7,9.5708/039,34230043077-0.,:8041857410;0843,-47943$4:7.01008.4299510308.423,9920-7:,7#,:3.08:3/7,83,25,3940.9-47943/;4.,908%0574,-4794374:5#,8,:3.0/,.,25,3947,8024394/010,9

57410!708/0390470:8,3/00.9574,-47943.,3//,90894437088$4:7.01008.4299510308.423,992

0-7:,7!708/039:8!,3894,.0/07,,77,0203/2039$4:7.0,839430-7:,7:8/23897,943$008!,79,79-47943#0.47/8940103/,3$4:7.01008.4299510308.423,9920-7:,7&$!0/083/94$:55479,3/!742494341-47943&$870.9470307,,8:8988:0/,2024/70.93,&$411.0839047/344307948:55479475742490,-479433,3,388939,9,-4794384:98/0908.45041&$828843

%8/7,2,9.54..,3089,790/9,7054793907/,,,89.94-07%,970547939,90/,339073,&$3;089,943,3/900;039:,,/24382039174290:8/23897,943$4:7.07/,,0-7:,7:87050,988:554791478.44;4:.078$4:7.0884.,90/!70880-7:,7#$$%'%&#'%$'%

$4:7.0,943,#99410#%!#$%&$$&!!#%$$%###!!$$%0-7:,7!708/039:8$00.9834907!7410:/0,2!747(%74:#0.088554392039$4:7.01008.4299510308.423,9920-7:,7!708/039:8,.8,,77,0,3203/2039$4:7.0884.,90/!7088



!708/039:8-,.,.43899:943,,203/2039-,333,2,77,03,3,99025994,98,2080:343809094:8,3/89,9,;0-003,40/9824393$,37,3.8.48854082,38,/%:08/,0,8,,889743-00;0/9,92,77,08,8,.70/3899:943-09003,2,3,3/,42,3904:805708880.709,7$.499.0,38,/0-7:,7:8,/23897,943.79.083,43704:879870.47/

$4:7.0,94.08$07;.00-7:,7:8/23897,943$:-5403,8470!,79,79-47943#0.47/8$4:7.01008.4299510308.423,9920-7:,73.4:39079!708/039:8,9:7.995:7-,3003/8,-4:9.42-7,7*3*.:7.92,7.:8554398470!7410409.84:3.02-07807779.08$4:7.01008.4299510308.42-492

,7.:8/23897,943438/073,733,-08343/428$4:7.0884.,90/!7088%0:8,/23897,9438.438/073706:73,733,-0843.43/425,.,0834939,990.4397,.059;0/0;.08/434957490.9:80781742,80:,97,382990//80,808,7.!708/039:883.4:3907942,3,9:7.$4:7.099597:9471.943.427:247888943892995834508.42549.884,5-489438,85

,7.#05:-.,3,943,4229900,72,3/0850,/0;4:9,94.8540;,8,909094,.74/414;0750450,9907,3.8.,3&3;078941$90:-03;09954590,20,/07.42288:0:0,85/,7.#04:839-4794374:582439033078,8-89303.03:3/33.70,808$4:7.0884.,90/!7088,7.:8/23897,943,8$9743,20801470;0452039%0:8/23897,943.4393:0894-70,3074:3/,990&43/0103/3101,9

1,2,3/3,943,84;07039%0/0807;04:79,3857,80,3/8:554790;031742948044/:7450,357410784/43498:5547990207.,301147937,6070547994/,43905:-.1,.0,3/;4.04190:8/23897,943431,288:08,990&2-,88,/4703$,:07-70$0,3/0790,23.:/3334707,70,2,3$4:7.07/,,,7.42038-47943$380909907#0.05943,9!708/039:88#,7,3/41907.,25,389,11078147024.7,9.5708/039,.,3//,9043077/089740/9078388,3907,-479438:79902#0-0..,!47907,3/071703/3//0./0/9497907:.990838



,9,7,147!708/0390470:8%0/110703.0,8,2,3$4:7.0100899510308.423,99257!708/039:8$38&3-473'.92841'403.0%,907755480/$4:7.0,943,#9941057-47943/;4.,908425,3,9&9,9&3;078,#994-479438

$9,0/-47943,/;4.,908209,890094.425,39,9904-,,/;,3.0147,-4794343/02,3/,8-00389,0/-0.,:8041434345548943174290:8/23897,943,3/90,94.:7.$4:7.07/,,57!708/039:88409.84:3.#00,80888890/0799#05479,3/2,770547988:0/-90!708/0398409.84:3.,87,80/306:089438,-4:99070:,94341549039,10970,903370574/:.9;090.344$4:7.01008.4299510308.42-492

57!708/039:879.0/147-89303.0:3/342292039$4:7.01008.4299510308.423,99257&3-473'.9283,789$9053!7490.93!703,39420399510308.423,992$4:7.01008.4257!74-47943,,304.8!708/039:8,8!,341!7410,94.,2:2,3#983899:90$4:7.0#

57'.0!708/0390300103/8!708/0398$9743!7410,9 ,943,#99410,7/83307$4:7.099510308.423,99257:8/23897,943$.7,5803.8!,3894,.!74-479434310703.099510308.423,992,839431008.42:89430/,,1907,10:3/70/94:8,3/,-47943,/;4.,908,9070/3903,9438.,59,90:8,/23897,94385:3905:43,10/07,,03.85,3948:55479,339073,943,

.4310703.09,98-,.3,-4794357,703:08:88/;8074220398-4:9!74-47943,7.93,1907$05902-0790207.,350450,70;,:3102470,3/939480,70903/4154.0890207.,350450.,38:554795,79.:,7,9,920030701,.3,30302,3/70,901:3/,2039,/110703.0-09003:8,3/909077473094701989,90;,:00;0710$4:7.099510308.423,992



,43.0730/420347207.,!7,808147#00.9347331907!/$4:7.0995.1,47,79.0/85,,,9047/10,0990711728:8!48943,389:3/30897:.9;0#080,7.$4:7.099510308.42-492

,:870308.,1478,20802,77,0-,3$4:7.0995:8.33.42!%$-:8,,!708/039:898!7410%0208342203.02039//708899510308.423,992

%0;/049032,08981195439.79.39089,9020399,9

4,0;07430.4:/193%0,8%0 309 5745489434190 ;/048 9,9 0;07430 .,3 19 39490 89,9041 %0,8

09829-097:090704:/-034744214774,/8840.079,3.4:/39/7;0

4:7.,78%04:/349-0034:,90747,3/948,9814:7300/8147144/,3//73

%8 ,8 ,//70880/ 0,707 3 90 .,5907 9 8 :36:089430/9,9 24709,3

50450,70,//0//,949047/8545:,94398:36:089430/9,91708,9078

-0.42324708.,7.098:36:089430/9,9,7,-0,3/5075078438-0370/:.0/

9 8 :36:089430/ 9,9 4-, ,723 8 , 708:9 41 0.088 545:,943 1 43

41 90 47/8 ,3/ 8 ,7,-0 ,8 90 ,8 /0907230/ 903 0,. -,- -473

70/:.0890,.70,0 1470,.507843430,79030 70,09,95,794190,7,-0

,3/814708947:30.830.088,794.43;07990.,7-43/4/094403

0 ,;0 0;03 088 ,7,-0 ,3/ 507 507843 09 0 300/ 2470 147089 ,3/ :30 147

0;07507843-4739470/:.08.,7-4314495739

1 0 1:70 9,9 0,. 507843 ,8 088 9,3 ,3 ,.70 41 ,7,-0 ,3/ .4:393

1470898 0 800 9,9 0 ,;0 , 574-02 3/ 03 0 800 9,9 90 &$ ,3/ :7450

,;0 2:. 2470 9 ,3 9 0 ,;07,0 ,24:39 41 ,7,-0 ,3/ 507 507843 0 .,3

:3/0789,3/9,99050450390/0,89!,89,317.,,3/3,,;0088,3 41 90 50450 2,3 90 /0.8438 ,-4:9 545:,943 ,723 ,3/

54;079 ;0 3 90 ,70,8 070 ,7,-0 ,3/ ,3/ ,907 8:5508 ,70 349 84 570883

479073 :7450 ,3/ 3479073 207., -0 2:. 088 .43.0730/ -0.,:80 90

,;0398:11070/1742901,2308,3//80,8089,9,;0,11.90/9480324894907

5,798419047/

%0;/042,0890,7:20399,9,905045039047/.4:/1939490

89,9041%0,8,3/,;086:,7020907814790280;0888:2390-:/



86:,7014494:80.8349,9,9-904:/,;034247074429474

90 144/90 300/ 94 5,7 907 .,78 47 ,3 7442 94 /7;0 902 8 8 .42243

9080 .79.8 30;07 93 4:9 90 949, 574-028 41 90 47/ %0 2070 41107

82589.84:94389,9,3:393350784329,..059

1 0 ,;0 430 ,.70 41 %0,8 ,3/ 94 0;07430 0 .4:/ 19 , 990 4;07 430

-4350450394%0,8%,94:/-0,-4:9419047/8545:,943:990,7,-0 ,3/ 3 %0,8 8 43 ,-4:9 41 90 949, ,3/ 841 0 ,;0 430 ,.70 41

,7,-0,3/940;074300.4:/1924350450394%0,8:99,70,/,8

24350450

%0;/04903,88!439

070,704:099390803:2-078

& !45:,943,9,-,800 90 574;/0 40/:2 ,3/ ',7,398

904',7,398904309,90058.42397:084904;,7,393:2-078,7090

4308:80/398;/040.9074330/,9,-,80

%0;/049039,0890 4;,7,395488-94190&147900,7,3/

8,89,9 90 4 ;,7,39 8 8947.,90 2489 ,..:7,90 8 843-04 98 8 349

97:00390&570/.989,88:2089,99820/,3;,7,398902489,..:7,909903

;08,;07459289.5488-9,8904;,7,39,88:23,107997,90

-04 94/,8 ,.9:, 107997,90,3/ ,5088289. 5488-9,890 ;,7,39%0

;/0484:/90701470:809020/,3;,7,39.,8147900,7

349904;,7,39202-0741. 90 :80/%0 89,989.841 90 &

849,990005:3/070892,939074;,7,39

!4394190;/04,8

Wc[^V_\[\aS`[Zc\WSZWS^_^[bW`

..47/3 94 90 & !45:,943 ,9,-,80 :83 90 8947., ,..:7,90 4

;,7,395740.94390,798545:,94343,//,34907-435045047844;07

903099790,7850,3,74:3/ -43504503900,7,3/9039

-0394/0.300.9074330/,9,-,80

!4398,3/,70390770,90/84-0970,90/940907

070,7090,.9:,570/.943814790,890,78-90&545:,943-:70,:

4: .,3 800 9,9 0,. 8:..00/3 0,7 13/8 9,9 147 90 0,7 90 ,/

:3/070892,90/43,9700;,7,398

',7,39420/:2



70;843

70;843

70;843

70;843

40;071905708039107997,904194/,.4393:08903:2-074:/-0

-43995/,9,:347,9,,85647//!45;1;,7,-0,-.7

,

//943,90;/0489,9089,9,190750,330,78,9-435045090

545:,943903/0.30%0411.,&1:708-043/.,909,9-0

:89,-4:9-0,990-43504500;0,3/9,9900543:594-433

%070 834 570/.94309 ,89403 545:,943 29-0394 /0.30 %0 89

-043/.,90890&80892,9041030,.-43,870,.0/,3/03,//943,

-438-070,.0/

43.94-07

[ZaZW%

[ZSZaS^%

[ZWUWTW^%%

[ZU`[TW^

[ZaZW

430-7:,7

43:30

99508,:3475590731472,9431,692

9 8 349 43 90 570/.9438 41 90 &390/ ,9438 545:,943 -:70,: 9,9 ,70

.4393:, -03 3.70,80/ 90 &$ 038:8 :70,: ,8 82,7 :3/070892,90/ 98

570/.9438

395740.90/&$545:,94334:/-0243

395740.90/&$545:,94334:/-0243

395740.90/&$545:,94334:/-0243

395740.90/&$545:,94334:/-0243

Documents

MYTH OF OVERPOPULATION --EXPOSED