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Springer Tracts in Advanced Robotics

Volume 29

Editors: Bruno Siciliano Oussama Khatib Frans Groen


Cristian Secchi Stefano Stramigioli Cesare Fantuzzi

Control of Interactive
Robotic Interfaces
A Port-Hamiltonian Approach

With 86 Figures
Professor Bruno Siciliano, Dipartimento di Informatica e Sistemistica, Universit`a degli Studi di Napoli Fede-
rico II, Via Claudio 21, 80125 Napoli, Italy, email: siciliano@unina.it
Professor Oussama Khatib, Robotics Laboratory, Department of Computer Science, Stanford University,
Stanford, CA 94305-9010, USA, email: khatib@cs.stanford.edu
Professor Frans Groen, Department of Computer Science, Universiteit van Amsterdam, Kruislaan 403, 1098 SJ
Amsterdam, The Netherlands, email: groen@science.uva.nl

Authors
Dr. Cristian Secchi Prof. Dr. Stefano Stramigioli
Prof. Dr. Cesare Fantuzzi Universiteit Twente
DISMI University of Modena and Reggio Emilia EL/CE
Morselli Building Postbus 217
Via G. Amendola 2 7500 EAE Enschede
42100 Reggio Emilia The Netherlands
Italy S.Stramigioli@ieee.org
secchi.christian@unimore.it
cesare.fantuzzi@unimore.it

ISSN print edition: 1610-7438


ISSN electronic edition: 1610-742X
ISBN-10 3-540-49712-9 Springer Berlin Heidelberg New York
ISBN-13 978-3-540-49712-7 Springer Berlin Heidelberg New York

Library of Congress Control Number: 2006937681


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Printed on acid-free paper 89/3141/Yu - 5 4 3 2 1 0
Editorial Advisory Board
EUROPE
Herman Bruyninckx, KU Leuven, Belgium
Raja Chatila, LAAS, France
Henrik Christensen, KTH, Sweden
Paolo Dario, Scuola Superiore SantAnna Pisa, Italy
Rudiger Dillmann, Universitat Karlsruhe, Germany
AMERICA
Ken Goldberg, UC Berkeley, USA
John Hollerbach, University of Utah, USA
Lydia Kavraki, Rice University, USA
Tim Salcudean, University of British Columbia, Canada
Sebastian Thrun, Stanford University, USA
ASIA/OCEANIA
Peter Corke, CSIRO, Australia
Makoto Kaneko, Hiroshima University, Japan
Sukhan Lee, Sungkyunkwan University, Korea
Yangsheng Xu, Chinese University of Hong Kong, PRC
Shinichi Yuta, Tsukuba University, Japan

ON

European

ROBOTICS
***
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Research
EUR

Network
STAR (Springer Tracts in Advanced Robotics) has been promoted under the auspices
of EURON (European Robotics Research Network)
         
 
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/C' Q5,;&LL QK 75;2 ;$ L?K5;2 &8=;2Q5=; C C C C C C C C C C C C C C C C C C C C C ><N
/C< K;L?K&; Y =?Q595Z&$ 5;QK5;L5 88Y ?LL5V& Q&8&9;5?U8Q5=;
L 3&9& C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C ><'

C> =9?Q58& 3KQL C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C T[T


$
2( # " " #'+! +#""
2(+!(

$&$ "+'#.+#"
;Q&K Q5=; &QW&&; ?3YL5 8 LYLQ&9L 5L $&Q&K95;&$ Y ; &X 3;2& =+ &;&K2Y
;$# Q3&K&+=K&#  .KLQ LQ&? Q=WK$L Q3& =;QK=8 =+ 5;Q&K Q5=; 5L Q= &X?85 5Q8Y
9=$&8 Q3& &;&K2&Q5 ?K=?&KQ5&L =+ ?3YL5 8 LYLQ&9LC
5KLQ =+ 88# G)B +=  /B)/B+. /2. +0 (0<.: &Q  ?3&;=9&;=;
Q= 9=$&8 & 25V&;C 3& ?3&;=9&;=; ?K=$U &L 2EB2/= @F0B=A ;$ Q3& 9=4
$&8 3L Q= K&?K&L&;Q Q3& =UQ =9&L Q3Q ; = UKC =K &X9?8&# Q3& ?K5; 5?8&L
=+ Q3&K9=$Y;95 L 8595Q Q3& 9=U;Q =+ 3&Q Q3Q ; & QK;L+=K9&$ 5;Q=
9& 3;5 8 W=K7 ;$ K&8Q5V5QY Q3&=KY Q&88L Q3Q  =$Y ;;=Q QKV&8 +LQ&K
Q3; Q3& L?&&$ =+ 8523QC ; 2&;&K8#  9Q3&9Q5 8 9=$&8 L&8& QL  &KQ5;
LUL&Q +K=9  U;5V&KL& =+ ?=LL5585Q5&LM Q35L LUL&Q =;Q5;L Q3& =UQ =9&L Q3Q
K& $& 8K&$ ?=LL58& Y Q3& 9=$&8# Q3& )F+2< =+ Q3& 9=$&8C EUQ5=;L K&
 V&KY LU5Q8& Q==8 Q= L&8& Q  &KQ5; LUL&Q +K=9  U;5V&KL& =+ ?=LL5585Q5&L"
 &KQ5; = UKK&; & =+ Q3& ?3&;=9&;=; 5L +=K5$$&; 5+  &KQ5; =;LQ5QUQ5V&
&EUQ5=; 5L ;=Q LQ5L.&$C 3& &3V5=K =+ Q3& 9=$&8# Q3UL# 5L 25V&; Y Q3=L& = 4
UKK&; &L Q3Q LQ5L+Y  &KQ5; L&Q =+ =;LQ5QUQ5V& &EUQ5=;L# 88&$ )F+2<.
9EB+20=C  9=$&8 3L Q= K&?K&L&;Q &KQ5; VK58&L =+ 95; 5;Q&K&LQ W35 3
K& 88&$ /0+!=B F<+.=C ; Q3& =Q3&K 3;$# V&KY =+Q&;  9Q3&9Q5 8
9=$&8 5;V=8V&L Q3& UL& =+ =Q3&K UX585KY VK58&L# 88&$ .B0B F<+.= Q=
9=$&8 Q3& &3V5=K =+ Q3& ?3&;=9&;=;C
&3V5=K# &3V5=K8 &EUQ5=;L# 9;5+&LQ ;$ 8Q&;Q VK58&L K& Q3& Q3K&&
95; 5;2K&$5&;QL =+  9=$&85;2 8;2U2& 88&$ )F+2<. 44<2) Q3Q 3L
&&; 5;QK=$U &$ 5; RR[# T1RC 35L ??K= 3 88=WL Q= $&L K5& ?3&;=9&; 5;
 V&KY 2&;&K8 WY W5Q3=UQ ;Y ;& &LLKY  ?K5=K5 $5LQ5; Q5=; &QW&&; 5;?UQL
;$ =UQ?UQL @W35 3 5L ;=Q 8WYL 8&K" W3&; 9=$&85;2  85;&K K&L5LQ=K# Q3&
V=8Q2& 3L Q= & =;L5$&K&$ L ; 5;?UQ ;$ Q3& UKK&;Q L ; =UQ?UQ =K
V5 & V&KLFA W35 3 5L 5;LQ&$ V&KY =99=; W3&; UL5;2 LQ;$K$ 9=$&85;2
Q& 3;5EU&L L# +=K &X9?8&# QK;L+&K +U; Q5=;L =K QK;L+&K 9QK5X&LC
& UL& =+ 5QL 2&;&K85QY# Q3& &3V5=K8 ??K= 3 5L  LU5Q8& +K9&W=K7
+=K $&L K55;2 ?3YL5 8 LYLQ&9LM Q3&L& LYLQ&9L 3V&  V&KY ?KQ5 U8K LQKU QUK&
L ; 0QE25 :"$528/ 8" :DJ1625J:828 QEJ$6E

Q3Q Y5&8$L  8=Q =+ 5;+=K9Q5=; Q3Q ; & UL&$ 5; Q3& 9=$&85;2 ?K= &LLC ;
?KQ5 U8K 5Q 5L ?=LL58& Q= $&.;& &;&K2Y ;$ Q= 9=$&8  LYLQ&9 Y 9&;L =+
VK58&L Q3Q K& K&8Q&$ Q= &;&K2Y LQ=K2& ;$ Y Q3& WY &;&K2Y 5L &X 3;2&$
9=;2 Q3& =;LQ5QUQ5V& ?KQL =+ Q3& LYLQ&9C UKQ3&K9=K& 5Q 5L ?=LL58& Q= $&.;&
Q3& =; &?Q =+ ?=W&K ?=KQ# ;9&8Y Q3& 9&$5U9 Q3K=U23 W35 3 Q3& LYLQ&9
&X 3;2&L &;&K2Y W5Q3 Q3& K&LQ =+ Q3& W=K8$C
; Q35L 3?Q&K W& W588 L3=W 3=W 5Q 5L ?=LL58& Q= &9&$ Q3& ?3YL5 8 ;4
QUK& =+ Q3& LYLQ&9 5;Q= Q3& &3V5=K8 +K9&W=K7C & W588 .KLQ ?K=V5$& ;
5;QK=$U Q5=;# L&$ =; RR[# T1R# T</# =+ Q3& &3V5=K8 ??K= 3 +=K 9=4
$&85;2  $Y;95 8 LYLQ&9C ; & W& 3V&  2&;&K8 +K9&W=K7 +=K 9=$&85;2
;Y ?3&;=9&;=;# W& W588 += UL =; ?3YL5 8 LYLQ&9 ;$ W& W588 5;QK=$U &
Q3& =; &?QL =+ &;&K2Y# &;&K2Y VK58& ;$ ?=W&K ?=KQ Q3Q K& +U;$9&;Q8
+=K $&L K55;2 Q3& ?3&;=9&; =+ &;&K2Y LQ=K2& ;$ =+ &;&K2Y &X 3;2&C &
W588 Q3&; ?K&L&;Q Q3& 42<B*/+.B20+0 !2</.+=/ Q3Q 3L &&; 5;QK=$U &$
5; >'<# RTR# RTT# R>'# R>< ;$ Q3Q 88=WL Q= 9=$&8 ;Y ?3YL5 8 LYLQ&9
Y Q75;2 &X?85 5Q8Y 5;Q=  =U;Q 5QL &;&K2&Q5 &3V5=K ;$ 5QL 5;Q&K;8 5;Q&K4
=;;& Q5=; LQKU QUK& ;$ W& W588 L3=W 3=W ?3YL5 L ;QUK88Y $&Q&K95;&L Q3&
75;$ =+ &3V5=K =+ ;Y ?3YL5 8 LYLQ&9C 5;88Y# W& W588 ?K&L&;Q Q3& L QQ&K5;2
K&?K&L&;QQ5=; =+ ?=W&K ?=KQL ;$ Q3& =; &?Q =+ L QQ&K5;2 VK58&L# L&$
=; Q3& QK&Q9&;Q K&?=KQ&$ 5; T<<# Q3Q W588 & V&KY UL&+U8 W3&; $&85;2 W5Q3
=9?8&X 5;Q&K Q5;2 LYLQ&9L W5Q3 $&8YC

$&-  /#' '! #' # " 2"!


2(+!(

15>51 .)@78 '@)07 . '@)07, 6?<)0.8

 3 ?3&;=9&;=; ?K=$U &L 2EB2/= @&V&;QLA W35 3 Q7& V8U& 5;  L&Q  #


88&$ 0+F<=C LU88Y ;=Q 88 Q3& &8&9&;QL =+ Q3& U;5V&KL& K& ?=LL58&
=UQ =9&L +=K Q3& 25V&; ?3&;=9&;=;M Q= $&.;&  9=$&8 9&;L Q= $&Q&K95;&
W3&Q3&K &KQ5; =UQ =9&L K& ?=LL58& =K ;=QC  9=$&8# Q3&K&+=K&# L&8& QL 
&KQ5; LUL&Q # W35 3 K&?K&L&;QL Q3& ?=LL58& =UQ =9&L# =+ Q3& U;5V&KL&  M
 5L 88&$ Q3& )F+2< =+ Q3& 9Q3&9Q5 8 9=$&8T1RC

".)<)0. 151 3 <'-<), 0,45  9Q3&9Q5 8 9=$&8 +=  4+<


@ & A7  +=  =B .. B) U;5V&KL& G)2= ./0B= < .. =UQ =9&L
0  +=  =E=B 2!   .. B) &3V5=K7

H/4. 37D 5+../= 311367 Q 5L W&88 7;=W; Q3Q


  ; ??&K# $&?&;4
$5;2 =; Q3& Q&9?&KQUK&# L 5 &# 85EU5$ WQ&K =K LQ&9C 3& U;5V&KL& 5L 25V&;#
W5Q3 Q3& Q&9?&KQUK& &X?K&LL&$ 5; &8L5UL# Y Q3& L&Q

 ) 2%)& K!G)C& DG)!8 + *TNR& %A


;?L 0$ $0N2:D5 D"2/6 (:D :"$528/ Q8625 QEJ$6E K

;$ Q3& &3V5=K Y Q3& LUL&Q

 ) @@2%) + *TNR& [A 3 @K!G)C + [& >[[A 3 @DG)!8 + >[[& %AAA

 &KQ5; &3V5=K ; & L&8& Q&$ +K=9  U;5V&KL& 5; L&V&K8 WYL" Y L59?8&
&;U9&KQ5=; @L 5; X9?8& >CTA# Y Q3& + Q =+ 3V5;2 &KQ5; ?K=?&KQ5&L# &Q C
 V&KY &,& Q5V& WY Q= $&L K5&  ?3&;=9&;=; 5L Y 9&;L =+ &EUQ5=;L" ;
=UQ =9& =+ Q3& U;5V&KL& 5L ?KQ =+ Q3& &3V5=K 5+ ;$ =;8Y 5+ 5Q LQ5L.&L &KQ5;
=;LQ5QUQ5V& &EUQ5=;LC

".)<)0. 15= 3'@)07, 6?<)0.845 B    E0+F<=   =B 0


- & - "    BG2 /4=7 ) /B)/B+. /2. @ & A G+B)  ) I !  
- @IA ) - @IA += =+ B2  =<+ I &3V5=K8 &EUQ5=;L 0 += 02*
B I @ & & - & - A7 ) =B  += .. B) &EUQ5;2 L? &7 ) 9E<E4.
@ & & - & - A += .=2 ..  &3V5=K8 &EUQ5=; K&?K&L&;QQ5=; 2! @ & A7

H/4. 37'7 =;L5$&K  85;&K K&L5LQ=KC Q 5L W&88 7;=W; Q3Q Q3& K&8Q5=;
&QW&&; Q3& UKK&;Q 0=W5;2 Q3K=U23 Q3& W5K& ;$ Q3& V=8Q2&   K=LL Q3&
Q&K95;8L 5L $&Q&K95;&$ Y 39JL 8W"

 ) 

3& LYLQ&9 ; & 9=$&8&$ Y =;L5$&K5;2 L U;5V&KL&  )  # L &EUQ5;2


L? &  ) C =;L5$&K"

- " @& A   - " @& A  

Q3& &3V5=K =+ Q3& K&L5LQ=K ; & 25V&; L

 ) @& A !   - @& A ) - @& A

W35 3 9&;L ;=Q35;2 &8L& Q3Q

 ) @& A !    )  

15>5> .) 8< . <.< 7),8

5V&;  &KQ5; ?3&;=9&;=; Q= $&L K5&#  9Q3&9Q5 8 9=$&8 ; & U58Q


5; QW= LQ&?L" .KLQ 5$&;Q5+Y Q3& VK58&L Q= 9=$&8 ;$ Q3&5K $=95; =+ &X5LQ&; &#
Q3& U;5V&KL&  # L& =;$ 5$&;Q5+Y 88 Q3& ?=LL58& =UQ =9&L# Q3& &3V5=K  1 C
3& &3V5=K ; & L?& 5.&$ Y K&EU5K5;2 Q3Q L=9& &3V5=K8 &EUQ5=;L
K& LQ5L.&$C ; =K$&K Q= &X?K&LL Q3& 9=$&8 5;  =;V&;5&;Q WY# 5Q ; &
;& &LLKY Q= 5;QK=$U & L=9& UX585KY VK58&L 5; $$5Q5=; Q= Q3=L& Q3Q 3V&
Q= & 9=$&8&$C 3&L& &XQK VK58&L K& 88&$ .B0B F<+.= ;$ 85V& 5; 
&KQ5; $=95; ' W358& Q3& VK58&L Q3Q 3V& Q= & &X?85 5Q8Y 9=$&8&$ K&
88&$ /0+!=B F<+.= ;$ 85V& 5; Q3& U;5V&KL&  C
. ; 0QE25 :"$528/ 8" :DJ1625J:828 QEJ$6E


%
 

  


   E26<5$ D$E2EJ2N$ 8$JO:D4

H/4. 37%7 =;L5$&K Q3& L59?8& K&L5LQ5V& ;&QW=K7 K&?K&L&;Q&$ 5; 52C >C>
;$ LLU9& Q3Q Q3& &3V5=KL =+ Q3& UKK&;Q ;$ =+ Q3& V=8Q2&  Q Q3&
&XQ&K;8 ?=KQ 3V& Q= & 9=$&8&$C 3& ?3YL5 8 ?K5; 5?8&L Q= UL& Q= 9=$&8
Q3& ?=KQ &3V5=K K& 5K 33=,JL 8WL ;$ 39JL 8WC  ;$ K& 9;5+&LQ
VK58&L W358&  #  #  ;$  K& 8Q&;Q VK58&LC 3& &3V5=K8 &EUQ5=;L
K&"
  )   )  ) 
@>C>A
  )   D  )

Q 5L ;=W ?=LL58& Q= 25V& Q3& +=88=W5;2"


".)<)0. 15: 3 <'-<), -0, A)<' ,<.< @7),845  /*
B)/B+. /2. G+B) .B0B F<+.= += $0 =  B<+4. @ & ' & ! A G)<
 += B) E0+F<= 2! /0+!=B F<+.= ' += B) E0+F<= 2! .B0B F<+.=
0 ! 1  + ' += B) !E.. )F+2<7 ) /0+!=B /B)/B+. /2. @ & A
+= B)0 $0 I

 ) I !   # 5 ! ' =E) B)B @I& 5A ! !  @>CTA

 += .. B) /0+!=B )F+2< 2< =+/4.I )F+2< 0 B) B<+4. @ & ' & ! A
+= ..  .B0B F<+. <4<=0BB+20 2! B) /0+!=B /B)/B+. /2.
@ & A7

15>5= C.-), C8<-8

Y;95 8 LYLQ&9L K& 3K Q&K5Z&$ Y  Q59& &V=8UQ5=; ;$ K& =+ KU 58
59?=KQ; & 5; =;QK=8 Q3&=KYC Q 5L ?=LL58& Q= $&L K5& Q3&L& LYLQ&9L 5; Q3&
=;Q&XQ =+ &+C >C>" Q3& VK58&L =+ 5;Q&K&LQL K& +U; Q5=; =+ Q59& ;$# Q3&K&4
+=K&# Q3& U;5V&KL& 5L  +U; Q5=; L? &C
;?L 0$ $0N2:D5 D"2/6 (:D :"$528/ Q8625 QEJ$6E ,

".)<)0. 159 3C.-), 8C8<-45  I0/+. =I=B/ += $0 I 


B<+4. @ & & A G)<  += B) B+/ H+=  +=  =B .. L52;8 L? & 0
 1   += .. B) )F+2<7 <   +0+B= B) =B 2! /4= !<2/ 
B2 7

3& Q59& X5L K&?K&L&;QL Q3& =K$&K&$ L&Q =+ Q59& 5;LQ;QL =+ 5;Q&K&LQ# Q3& L52;8
L? &  K&?K&L&;QL Q3& L&Q W3&K& Q3& =UQ =9&L =+ Q3& LYLQ&9 &V=8V& ;$  
K&?K&L&;QL Q3& U;5V&KL&# ;9&8Y Q3& L&Q =+ 88 QK6& Q=K5&L Q75;2 V8U& 5; Q3&
L52;8 L? &C ;8=2=UL8Y Q= 9Q3&9Q5 8 9=$&8L# Q3& &3V5=K  5L ;=Q35;2
&8L& Q3;  LUL&Q =+ Q3& U;5V&KL& W35 3 L&8& QL  +958Y =+ Q59& QK6& Q=K5&L
Q3Q K& =9?Q58& W5Q3 Q3& LYLQ&9C
".)<)0. 15 3)- ).@7).45  I0/+. =I=B/  ) @ & & A +=
=+ B2  Q59& 5;VK5;Q +! E 3  )  !2< .. G !   G)< E 3 += B) Q4L35+Q
=?&KQ=K $0 =

@E 3 - A@H A ) - @H D GA @>CRA

3& Q59& 5;VK5; & ?K=?&KQY LYL Q3Q Q3& &3V5=K =+ Q3& $Y;95 8 LYLQ&9
$=&L ;=Q $&?&;$ &X?85 5Q8Y Y Q3& Q59&# L W&88 7;=W; +K=9 LYLQ&9 Q3&=KY
>T'# T'1C
; Q35L 3?Q&K W& 59 Q 9=$&85;2 ?3YL5 8 LYLQ&9L ;$# Q3&K&+=K&# Q3&
&3V5=K8 +K9&W=K7 W588 & 588ULQKQ&$ +=K =;Q5;U=UL $Y;95 8 LYLQ&9L
;$ Q3UL  ) C UKQ3&K9=K& W& W588 LLU9& Q3Q Q3& L52;8 L? & 5L 
$5,&K&;Q58& 9;5+=8$ @Q35L 5L ;=Q K&LQK5 Q5V& +=K Q3& 9=$&85;2 ?UK?=L&L ;$
5Q 5L ; &LL&;Q58 Q& 3;5 8 LLU9?Q5=; +=K 9;Y $&.;5Q5=;LA ;$ W& W588 LLU9&
Q3Q Q3& $Y;95 8 LYLQ&9L U;$&K =;L5$&KQ5=; K& Q59& 5;VK5;QC 3& K&LU8QL
588ULQKQ&$ 5; Q35L L& Q5=; ; & &L58Y &XQ&;$&$ Q= $5L K&Q& Q59& $Y;95 8
LYLQ&9L# L L3=W; 5; RR[C
Q 5L ?=LL58& Q= $&L K5& Q3& &3V5=K =+  $Y;95 8 LYLQ&9 Y 9&;L
=+ $5,&K&;Q58 &EUQ5=;L ;$ Q35L ; & +=K985Z&$ Y UL5;2 Q3& =; &?Q =+
6&Q L? & TT>C =;L5$&K  $5,&K&;Q58& 9;5+=8$  ;$ Q7& L Q59& X5L C
=;L5$&K  LU- 5&;Q8Y L9==Q3 9? .@.A !   # 5C&C LU 3 Q3Q 5QL :3# $&K5VQ5V&
W5Q3 K&L?& Q Q= G 5L $&.;&$C &Q $ & Q3& L&Q =+ 88 ?=LL58& 5;LQ;Q;&=UL 23#
Q59& $&K5VQ5V& +=K ;Y ?=LL58& .@.A !   C Q 5L Q3&; ?=LL58& Q= $&.;& Q3& L&Q
 ) )  +  + . . . + ) M ?=5;QL 5;  ) K& 5;$5 Q&$ W5Q3 . ) C 3& 5;$U &$
9? . ) @.A ) =C) .@GA# 88&$ Q3& :3# 4<2.20(B+20 2! .@.A# 5L 25V&; Y"

. ) @GA ) @.@GA& . @GA& . . . & .) @GAA @>C1A

W3&K&
&
'$ . &&
.$ @GA ) $ & @>C/A
'G 3

3UL =C) .@.A 5L  9? +K=9 Q3& Q59& X5L  Q= Q3& L? &  ) C
=;L5$&K  $Y;95 8 LYLQ&9  ) @& & A"
H ; 0QE25 :"$528/ 8" :DJ1625J:828 QEJ$6E



%


 



  8  2DM2J

".)<)0. 15/ 3
< 8245 ) :3# 2<< ,B =4 2!  +  += $0 =
B) =4  +  ) 0 +B G+..  +0+B = ) @ + A7
; &8&9&;Q 5; Q3& L52;8 L? &  ; & =;L5$&K&$ L Q3& V8U& Q7&; Y
 9? K !   5;  &KQ5; ?=5;Q G ! C 3UL# ; &8&9&;Q =+ ) @ + A 5L
25V&; Y ; &8&9&;Q =+ Q3& L52;8 L? & K@GA !  Q=2&Q3&K W5Q3 5QL $&K5VQ5V&L
8 U8Q&$ 5; G U? Q= =K$&K :C

".)<)0. 151E 3C.-), '@)07, 6?<)0.845 B    +"*


<0B+. /0+!2. G)+) <4<=0B= B) =+(0. =4   B) B+/ H+= :
  0200(B+F +0B(<5B) =K$&K 2! B) +"<0B+. 9EB+206 0   B)
&EUQ5;2 L? &7 20=+< BG2 /4=

- & - " ) @ + A   @>COA

) I0/+. =I=B/  ) @& & A G+B)


'K ') K 'K ') K
 ) K "     - @K@GA& & . . . & ) A ) - @K@GA& & . . . & ) A @>CNA
'G 'G 'G 'G
+= =+ B2  =<+ I +"<0B+. 9EB+20= 0 += 02B I @& & & - & - A

H/4. 37337 =;L5$&K Q3& L59?8&  5K U5Q K&?K&L&;Q&$ 5; 52C >CTC U??=L&
Q3Q  9=$&8 =+ Q3& &3V5=K =+ Q3& ?=KQ VK58&L  ;$ 5L ;&&$&$C ; Q35L
L& Q3& Q59& X5L 5L  ;$ Q3& L52;8 L? & 5L  C K=9 Q3& =;LQ5QUQ5V&
&EUQ5=;L =+ Q3& 5;$U Q=K ;$ =+ Q3& ? 5Q=K ;$ +K=9 5K 33=,JL 8WL 5Q
+=88=WL Q3Q"


  )  D 





'
 )  @>C'A
 'G





 '
  )
'G
;?L 0$ $0N2:D5 D"2/6 (:D :"$528/ Q8625 QEJ$6E G

=;L5$&K ;=W Q3& +=88=W5;2 9?L"


'
- " @ +  A   - @=C @& AA ) 
'G
@>C<A
  ' >
- " @ +  A   - @=C @& AA ) *
'G 
Y LQK523Q+=KWK$ 8 U8Q5=;L# 5Q +=88=WL Q3Q Q3& &3V5=K =+ Q3& LYLQ&9 5L
2=V&K;&$ Y Q3& $5,&K&;Q58 &EUQ5=;"
- @=C @& AA ) - @=C @& AA @>C>[A
;9&8Y Y"
'  ' >
 ) * @>C>>A
'G 'G 
Q 5L LQK523Q+=KWK$ Q= 2&;&K85Z& Q3& ;=Q5=; =+ 8Q&;Q ;$ 9;5+&LQ VK58&L
+=K $Y;95 8 LYLQ&9LC
".)<)0. 151> 3C.-), 8C8<- A)<' ,<.< @7),845  I0/+*
. =I=B/ G+B) .B0B F<+.= += $0 =  ) @& & & ! A G)<  +=
B) B+/ H+=  += B) /0+!=B =+(0. =4 += B) .B0B F<+.= =4
0 ! 1 @ + A += B) !E.. )F+2<7 B $0=  .B0B F<+. <4<*
=0BB+20 2! B) /0+!=B I0/+. =I=B/  ) @& & A G+B) B) !2..2G+0(
/0+!=B )F+2<
 ) K "     # 5 "   =E) B)B @K& 5A ! !  @>C>TA
Q&;Q VK58&L ; ??&K 5; 9=$&85;2 $Y;95 8 LYLQ&9L +=K VK5=UL K&4
L=;LC 5KLQ# Q3&Y ; & UL&$ L59?8Y +=K 9Q3&9Q5 8 K&L=;L# 5; =K$&K Q= =4
Q5;  ?KQ5 U8K +=K9 =+ Q3& &3V5=K8 &EUQ5=;LC & =;$# Q3&Y ; & UL&$ Q=
&X?K&LL 5;Q&K;8 8WL 2=V&K;5;2 Q3& &3V5=K =+ Q3& LYLQ&9C  +&W &X9?8&L K&
5;Q&K;8 UKK&;Q ;$ V=8Q2&L Q= &X?K&LL Q3& &3V5=K =+ ; &8& QK5 8 5K U5Q Q
&XQ&K;8 ?=KQL ;$ 9=9&;QU9 5; 8LL5 8 958Q=;5; 9& 3;5 L Q= &X?K&LL
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 LYLQ&9 W35 3 5L =9?=L&$ Y Q3& 5;Q&K =;;& Q5=; =+ L&V&K8 LULYLQ&9LM 5;
Q35L L& 8Q&;Q VK58&L W588 &X?K&LL Q3& 5;Q&K =;;& Q5=; =;LQK5;QLC  V&KY
59?=KQ;Q 8LL =+ 8Q&;Q VK58&L 5; LYLQ&9 Q3&=KY K& LQQ& VK58&L W3=L&
K=8& 5L Q= K&?K&L&;Q Q3& 5;Q&K;8 9&9=KY =+ Q3& LYLQ&9C
".)<)0. 151= 3<< 82 C.-), 8C8<-45  LQQ& L? & $Y;4
95 8 LYLQ&9 +=  I0/+. =I=B/ G+B) .B0B F<+.=  ) @& &  & ! A
+0 G)+) B) !E.. )F+2< =B+=$= B) X5=9 =+ LQQ&7 ) H+2/ 2! =BB <*
9E+<= G)B !2..2G=
+F0 @K & L A& @K & L A ! ! 0 G !  +! L @GA ) L @GA B)0 @K& LA ! ! 
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B) =BB 2!  I0/+. =I=B/ 20B+0= =E#+0B +0!2</B+20 2EB B) 4=B
+0 2<< B2 B</+0 B) !EBE< )F+2<7
 EU&LQ5=; Q3Q K5L&L V&KY ;QUK88Y Q Q35L ?=5;Q 5L" 2G 0 =BB =4
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3& +=88=W5;2 Q3&=K&9 3=8$L"

'07- 151% 3),,-8 1//145 B  ) @& &  & ! A   I0/+.


=I=B/ G+B) .B0B F<+.= 0 .B    +"<0B+. /0+!2. 0  
+B= B0(0B E0.7 20=+< BG2 /4= - & - "   +    G)<  += B)
9EB+0( =4 7 ) +"<0B+. 9EB+20

- @@L& LA&
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$0=  =BB =4 =I=B/ @& &  & ! A G+B)

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% K@GAA )
- @L@GA& L@GA&
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V5=K8 +K9&W=K7 & UL& =+ L&V&K8 K&L=;L @&C2C +=K =;QK=8 ?UK?=L&LA 5Q ;
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=+(0. =4  )  +7 0 P $Y;95 8 LYLQ&9 += $0 = B) 9E<E4.
2 ) @&  & & A G)<  <4<=0B= B) B+/ H+=  B) 5;?UQ L52;8
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4<24<B+= )F B2  =B+=$
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=4 0 ! 1 @ + &  A B) !E.. )F+2<7 ) !2..2G+0( H+2/= /E=B 
=B+=$
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B) +04EBA=BB )F+2<
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;&K2Y ?8YL  &;QK8 K=8& 5; Q3& =;QK=8 =+ ?3YL5 8 LYLQ&9L L5; & Q3& GL3?&H
=+ Q3& &;&K2Y 5L K&8Q&$ Q= Q3& LQ585QY ?K=?&KQ5&L =+ Q3& LYLQ&9C ; + Q# 5Q 5L
W&88 7;=W; +K=9 ?3YL5 L# Q3Q &V&KY =;.2UKQ5=; 3K Q&K5Z&$ Y  @8= 8A
95;59U9 =+ Q3& &;&K2Y &X355QL  @8= 88YA LQ8& &3V5=KC ;+=KQU;Q&8Y Q3&
=;.2UKQ5=; Q3Q ;QUK88Y =KK&L?=;$L Q=  95;59U9 =+ Q3& &;&K2Y 5L V&KY
L&8$=9 Q3& $&L5K&$ =;.2UKQ5=; +=K Q3& LYLQ&9C
;& =+ Q3& 95; LQKQ&25&L &35;$ Q3& =;QK=8 =+ ?3YL5 8 LYLQ&9L 5L Q3&
L=4 88&$ 0<(I =)4+0(C 3& =;QK=88&K 5L 5;Q&K?K&Q&$ L  $&V5 & Q3Q &X 3;4
2&L &;&K2Y W5Q3 Q3& ?8;Q ;$ 5Q 3L Q= & $&L52;&$ 5; LU 3  WY Q3Q Q3&
=;QK=88&$ LYLQ&9 ; LQ588 & 5;Q&K?K&Q&$ L  ?3YL5 8 LYLQ&9 W35 3 3L ;
&;&K2Y +U; Q5=; W3=L& 95;59U9 =KK&L?=;$L Q= Q3& $&L5K&$ =;.2UKQ5=; +=K
Q3& ?8;QC
3& 5$& =+ &;&K2Y L3?5;2 3L &&; UL&$ +=K Q3& .KLQ Q59& 5; R[O +=K Q3&
=;QK=8 =+  K==Q5 9;5?U8Q=K ;$ 3L 8&$ Q= Q3& V&KY W&8847;=W  ?8UL
2KV5QY =9?&;LQ5=; =;QK=8C ;&K2Y L3?5;2 Q& 3;5EU&L 3V& &&; +KU5Q+U88Y
??85&$ Q= LYLQ&9L $&L K5&$ 5; Q3& U8&K4 2K;2& +=K985L9# +=K  K&+&K&; &
L&& +=K &X9?8& TTOC
; 3?C > 5Q 3L &&; L3=W; Q3Q Q3& ?=KQ4958Q=;5; +K9&W=K7 5L V&KY
W&88 LU5Q&$ +=K 9=$&85;2 ?3YL5 8 LYLQ&9L ;$# Q3&K&+=K&# 5Q 5L ?=LL58& Q= LQ
Q3& ?K=8&9 =+ K&2U8Q5=; =+  ?3YL5 8 LYLQ&9 5;Q= Q3& ?K=8&9 =+ K&2U8Q5=; =+
 ?=KQ4958Q=;5; LYLQ&9 W5Q3=UQ 8=LL =+ 2&;&K85QYC 3& 522&LQ $V;Q2&
K=U23Q Y Q3& ?=KQ4958Q=;5; +=K985L9 5L Q3Q 88 Q3& &;&K2&Q5 ?K=?&KQ5&L
@Q3& LQ=K&$ &;&K2Y UQ 8L= Q3& 5;Q&K =;;& Q5=; LQKU QUK& ;$ Q3& 5;3&K&;Q
$5LL5?Q5=;A =+ Q3& LYLQ&9 K& V&KY &V5$&;Q ;$ Q3UL Q3&Y ; & V&KY &L58Y
&X?8=5Q&$ +=K K&2U8Q5=; ?UK?=L&L# L3&$$5;2  ;&W 8523Q =; &;&K2Y L3?5;2
Q& 3;5EU&L ;$ 88=W5;2 Q= $&V&8=? ;&W &;&K2Y4L&$ =;QK=8 82=K5Q39LC
; Q35L 3?Q&K W& 5;QK=$U & Q3& 95; &;&K2Y L&$ =;QK=8 Q& 3;5EU&L +=K
?=KQ4958Q=;5; LYLQ&9LC 3& 85;7 &QW&&; LQ585QY ;$ &;&K2&Q5 ?K=?&KQ5&L
=+  ?3YL5 8 LYLQ&9 ; & +=K985Z&$ Y 9&;L =+ 4==+F+BI B)2<IC 3UL# Q3&
K. L :8JD:5 :( :DJ1625J:828 QEJ$6E

L5 =; &?QL =+ ?LL5V5QY Q3&=KY ;$ Q3& K&8Q5=; &QW&&; ?=KQ4958Q=;5;


LYLQ&9L ;$ ?LL5V& LYLQ&9L K& K&?=KQ&$ 5; & C TCTC ; & C TCR W& ?K&L&;Q Q3&
&;&K2Y L3?5;2 =;QK=8 LQKQ&2Y +=K ?=KQ4958Q=;5; LYLQ&9L# +=88=W5;2 Q3&
2&=9&QK5 5;Q&K?K&QQ5=; ?K=?=L&$ 5; >''# TT'# >'O# TTN# R><# ;$ W& L3=W
W3Q K& Q3& 8595QQ5=;L =+ Q35L =;QK=8 LQKQ&2Y W35 3 K& ?KQ5 U8K8Y &V5$&;Q
W3&; =;L5$&K5;2 &8& QK5 8 9 35;&LC ; & C TC1 W& L3=W Q3Q Q3& 8595QQ5=;L
=+ Q3& &;&K2Y L3?5;2 ; & =V&K =9& Y &X?8=5Q5;2 Q3& ?=KQ4958Q=;5;
LQKU QUK& +=K LL52;5;2 ;=Q =;8Y Q3& L3?& =+ Q3& &;&K2Y +U; Q5=; =+ Q3& 8=L&$
8==? UQ 8L= Q3& 5;Q&K =;;& Q5=; LQKU QUK& ;$ Q3& 5;3&K&;Q $5LL5?Q5=; ;$
W& L3=KQ8Y 5;QK=$U & Q3& ;Q&K =;;& Q5=; ;$ 9?5;2 LL52;9&;Q LL5V5QY
L&$ =;QK=8 @ 4A LQKQ&2Y ?K=?=L&$ 5; TTNC 5;88Y# 5; & C TC/# W&
L3=W 3=W 5Q 5L ?=LL58& Q= &9&$ VK58& LQKU QUK& Q& 3;5EU&L 5;Q= &;&K2Y
L3?5;2# L ?K=?=L&$ 5; >N'# >NN# T/O# 5; =K$&K Q=  35&V& ?&K+& Q K&2U8Q5=;
8L= 5; Q3& L& 5; W35 3 Q3& ?3YL5 8 ?K9&Q&KL =+ Q3& ?=KQ4958Q=;5;
?8;Q K& U;7;=W;C

-&- ( #"%+( # ((/+2 #'2


>5>51 ".)<)0.8 . 7027<)8

=;L5$&K ; PP $Y;95 8 LYLQ&9 @L&& &+C >C>OA K&?K&L&;Q&$ Y Q3& +=84
8=W5;2 ;=;85;&K $5,&K&;Q58 &EUQ5=;L @#0 =I=B/A"

L% ) - @LA D .@LAI
@TC>A

N ) 1@LA

W3&K& L !  5L Q3& LQQ& VK58& ;$  5L Q3& LQQ& L? &# I !  5L Q3& 5;?UQ#
N !  5L Q3& =UQ?UQ ;$  ;$  K& 8 $59&;L5=;8 5;?UQ ;$ =UQ?UQ L? &L
K&L?& Q5V&8YC UKQ3&K9=K& - ;$ . K& L9==Q3 V& Q=K .&8$L ;$ 1 5L  L9==Q3
9??5;2C LLU9& Q3Q Q3& LYLQ&9 3L Q 8&LQ =;& &EU585K5U9 =;.2UKQ5=;M
W5Q3=UQ 8=LL =+ 2&;&K85QY# L ) [ ; & Q7&; L Q3& &EU585K5U9 ?=5;QC ;
Q3& +=88=W5;2# L W588 $&;=Q& Q3& 5;5Q58 LQQ& ;$ G ) [ W588 $&;=Q& Q3& 5;5Q58
5;LQ;Q =+ Q59&C UKQ3&K9=K&# @G& L & IA W588 $&;=Q& Q3& V8U& =+ Q3& LQQ&
QK6& Q=KY Q Q59& G $ [ W3&; Q3& LYLQ&9 LQKQL +K=9 ; 5;5Q58 LQQ& L@[A ) L
;$ Q3& 5;?UQ I 5L 25V&;C
&Q K &  K&8 V8U&$ 9? $&.;&$ =;  + 

K " +  @TCTA

88&$ =E44.I <B ;$ 8&Q  $&;=Q& Q3& L&Q =+ ?=L5Q5V& K&8 ;U9&KLC
".)<)0. >51 3)88)2<)@ 8C8<-45  =I=B/ 2! B) !2</ 975D736 += =+
B2  +==+4B+F G+B) <=4B B2 B) =E44.I <B K +! B)< H+=B=  20B+0E2E=
!E0B+20  "     .. LQ=K2& +U; Q5=; =E) B)B !2< .. I !  L ! 
0 G $ [ B) !2..2G+0( <.B+20 .. $5LL5?Q5=; 5;&EU85QY )2.=
L?L E2 :8$<JE :( EE2N2JQ 0$:DQ K,
 3
 @L@GAA *  @L A ' K@H A'H @TCRA

; 59?=KQ;Q =; &?Q K&8Q&$ Q= $5LL5?Q5V& LYLQ&9L 5L Q3& ;=Q5=; =+ F+..


=B2<( W35 3 ; & $&.;&$ L +=88=WL"
".)<)0. >5> 3@),, <07&45 ) F+.. =B2<( 02B G+B)
 2!  =I=B/ G+B) =E44.I <B K += B) !E0B+20  "    $0 I
  3
 @LA ) LU? * K@H A'H @TC1A
7 7 4   3

Q 5L 59?=KQ;Q Q= ;=Q& Q3Q Q3& V588& LQ=K2&# W3&; $&.;&$# 5L ;=; ;&2Q5V&
L5; & 5Q 5L Q3& LU?K&9U9 =V&K  L&Q =+ ;U9&K Q3Q =;Q5;L Q3& Z&K= &8&9&;Q
@=Q5;&$ W3&; G ) [AC 3& V588& LQ=K2& ; & UL&$ Q= 3& 7 W3&Q3&K 
LYLQ&9 5L $5LL5?Q5V& =K ;=QC 3& +=88=W5;2 K&LU8Q 3=8$L"
70208)<)0. >5= 3),,-8 1/9>45 !  =I=B/ += +==+4B+F G+B) <=4B B2
 =E44.I <B K B) F+.. =B2<(  @LA += $0+B !2< ) L !  7 E<B)<*
/2< 0I 42==+. =B2<( !E0B+20  =B+=$=

[ '  @LA '  @LA @TC/A

!2< ) L !  0 +!  += 20B+0E2E= B)0  +B=.! +=  =B2<( !E0B+207


20F<=.I +!  @LA += $0+B !2< ) L !  0 +B += 20B+0E2E= B)0 B)
=I=B/ += +==+4B+F7
Q 5L ?=LL58& Q= 25V& ; &;&K2&Q5 5;Q&K?K&QQ5=; =+ $5LL5?Q5V& LYLQ&9LC ; + Q
Q3& LU??8Y KQ& K ;$ Q3& LQ=K2& +U; Q5=;  ; & Q3=U23Q L 2&;&K85Z&$
?=W&K ;$  2&;&K85Z&$ &;&K2Y K&L?& Q5V&8YC 3& $5LL5?Q5=; 5;&EU85QY &X?K&L4
L&L Q3& + Q Q3Q  LYLQ&9 5L $5LL5?Q5V& 5+ ;$ =;8Y 5+ Q3& LQ=K&$ 2&;&K85Z&$
&;&K2Y Q Q59& G#  @L@GAA# 5L Q 9=LQ &EU8 Q= Q3& LU9 =+ Q3& 5;5Q588Y LQ=K&$
2&;&K85Z&$ &;&K2Y  @L A ;$ Q3& Q=Q8 &XQ&K;88Y LU??85&$ 2&;&K85Z&$ &;&K2Y
3
K@I@H A& N@H AA'H 5; Q3& 5;Q&KV8 [& GC 35L 9&;L Q3Q Q3&K& ;;=Q & ;Y
5;Q&K;8 ?K=$U Q5=; =+ 2&;&K85Z&$ &;&K2Y UQ =;8Y $5LL5?Q5=; 5L ?=LL58&C 3&
?5K @I& NA K&?K&L&;QL# Q3K=U23 Q3& LU??8Y KQ& +U; Q5=;# Q3& 9&$5U9 Q3K=U23
W35 3 Q3& LYLQ&9 ; &X 3;2& 2&;&K85Z&$ &;&K2YC UKQ3&K9=K&# L5; & Q3&
LQ=K2& +U; Q5=; 5L ;=;;&2Q5V&# Q3& +=88=W5;2 5;&EU85QY $5K& Q8Y +=88=WL +K=9
EC@TCRA"
 3
* K@I@H A& N@H AA'H '  @L A ' % @TCOA

W35 3 &X?K&LL&L Q3& + Q Q3Q Q3& Q=Q8 9=U;Q =+ 2&;&K85Z&$ &;&K2Y Q3Q
; & &XQK Q&$ +K=9  $5LL5?Q5V& LYLQ&9 5L =U;$&$ Y Q3& 9=U;Q Q3Q 5L
5;5Q588Y LQ=K&$C
; 59?=KQ;Q 8LL =+ $5LL5?Q5V& LYLQ&9L 5L Q3Q +=K W35 3 Q3& 2&;&K85Z&$
?=W&K =5; 5$&L W5Q3 ?=W&K# 2&;&K85Z&$ &;&K2Y =5; 5$&L W5Q3 &;&K2Y ;$ Q3&
KH L :8JD:5 :( :DJ1625J:828 QEJ$6E

9&$5U9 Q3K=U23 W35 3 Q3& LYLQ&9 &X 3;2&L &;&K2Y 5L  ?=W&K ?=KQC 3UL#
; 59?=KQ;Q 3=5 & =+ Q3& LU??8Y KQ& ; & 9$& W3&;  ;$  K& $U8
L? &L ;$ 5Q 5L 25V&; Y"

K@I@H A& N@H AA ) I@H A& N@H A I! N !  )  @TCNA

; Q35L L& Q3& LU??8Y KQ& K&?K&L&;QL  ?=W&K 0=W# I ;$ N  0=W ;$ &,=KQ
?5K ;$ @ +& KA  42G< 42<BC 3& LQ=K2& +U; Q5=;  K&?K&L&;QL Q3& &;&K2Y
LQ=K&$ 5;Q= Q3& LYLQ&9C
Q 5L ?=LL58& Q= K&?K&L&;Q Q3& 8 $59&;L5=;8 5;?UQ ;$ =UQ?UQ L? &L 
;$  )  W5Q3 ( C 5Q35; Q35L K&?K&L&;QQ5=; =Q3 I !  ;$ N !  K&
K&?K&L&;Q&$ Y 8 $59&;L5=;8 =8U9; V& Q=KL ;$ Q3& 5;QK5;L5 88Y $&.;&$
$U85QY ?K=$U Q &QW&&;  ;$  5L &X?K&LL&$ L +=88=WL"

I& N ) N  I @TC'A

".)<)0. >5% 388)@ 8C8<-45  =I=B/ += ?LL5V& +! +B += +==+4B+F


G+B) <=4B B2 B) =E44.I <B K@I& NA ) I& N ) N  I7

=K ;Y ?LL5V& LYLQ&9 Q3& $5LL5?Q5=; 5;&EU85QY QUK;L =UQ Q= &"

 3
 @L@GAA *  @L A ' N  @H AI@H A'H @TC<A

W= 59?=KQ;Q ?K=?&KQ5&L +=88=W +K=9 Q3& + Q Q3Q Q3& LQ=K2& +U; Q5=; 5L
$& K&L5;2 8=;2 Q3& QK6& Q=K5&LC ; + Q# 5+ I ) [ Q3&;"

% @L@GAA ' N  @GAI@GA ' [ 4G @TC>[A

3UL# 5+  @LA 5L ?=L5Q5V& $&.;5Q&# Q3& &EU585K5U9 ?=5;Q L ) [ 5L Y?U;=V


LQ8&C UKQ3&K9=K&# 5+ N ) [ EC@TC>[A 7&&?L =; 3=8$5;2C 3UL# 5+  5L ?=L5Q5V&
$&.;5Q&# Q3& J<2 I0/+= >T' =+ Q3& LYLQ&9 5L Y?U;=V LQ8&C

/<- D7%7 Q ; & &L58Y L3=W; Q3Q ;Y LQK5 Q 8= 8 95;59U9 L( =+


Q3& LQ=K2& +U; Q5=; 5L Y?U;=V LQ8& Y =;L5$&K5;2 L Y?U;=V +U; Q5=;
 @LA *  @L( AC 3& ?K==+ 5L 599&$5Q& Y =;L5$&K5;2 EC@TC<AC

Q 5L =+Q&; UL&+U8 Q= $5LQ5;2U5L3 ?LL5V& LYLQ&9L +=K W35 3 Q3& $5LL5?Q5=; 5;&4
EU85QY & =9&L &5Q3&K ; &EU85QY =K  LQK5 Q 5;&EU85QYC

".)<)0. >5: 3 088,88 8C8<-45  4==+F =I=B/ G+B) =B2<( !E0B+20


 += 8=LL8&LL +! !2< .. I !  0 !2< .. L !  0 G $ [
 3
 @L@GAA *  @L A ) N  @H AI@H A'H @TC>>A
L?L E2 :8$<JE :( EE2N2JQ 0$:DQ KG

".)<)0. >59 3<7)<,C 288)@ 8C8<-45  4==+F =I=B/ G+B) =B2<(


!E0B+20  += LQK5 Q8Y ?LL5V& +! B)< H+=B=  42=+B+F $0+B !E0B+20  "
   =E) B)B !2< .. I !  L !  0 G $ [
 3  3
 @L@GAA *  @L A ) N  @H AI@H A'H * @L@H AA'H @TC>TA

/<- D7 7  8=LL8&LL LYLQ&9 LQ=K&L 88 Q3& &;&K2Y ?K=V5$&$ Q3K=U23 Q3& ?=4
W&K ?=KQ W358&  LQK5 Q8Y ?LL5V& LYLQ&9 $5LL5?Q&L ?KQ =+ 5Q ;$ Q3& 9=U;Q
3
=+ &;&K2Y Q3Q 5L $5LL5?Q&$ 5L 25V&; Y @L@H AA'H C
; Q3& +=88=W5;2 W& W588 5;$5 Q& W5Q3 !  @LA ;$ W5Q3 "  @LA Q3& 5& $&4
K5VQ5V& =+  @LA W5Q3 K&L?& Q Q= Q3& V& Q=K .&8$L - ;$ . K&L?& Q5V&8Y# L&&
& C C>C
Q 5L ?=LL58& Q= &LQ85L3  85;7 &QW&&; ?LL5V& LYLQ&9L ;$ Q3& ;=;85;&K
V&KL5=; =+ 89;47U=V5Q 34=?=V @ A 8&99 W35 3 W588 & UL&+U8 +=K
K&8Q5;2 ?LL5V5QY ;$ ?=KQ4958Q=;5; LYLQ&9LC
".)<)0. >5/ 3  27027<C45  020 .+0< =I=B/ =<+ I 975D736
0,2I= B)  4<24<BI +! B)< H+=B=  020 0(B+F   !E0B+20  "   
G+B)  @[A ) [ =E) B)B

!  @LA ' [ @TC>RA

"  @LA ) 1 @LA @TC>RA


!2< ) L !  7
3& +=88=W5;2 ?K=?=L5Q5=; 3=8$L"
70208)<)0. >51E 3C7.8    1//145 !  =I=B/ 0,2I= B)  4<2*
4<BI B)0 +B += 4==+F7 20F<=.I +!  =I=B/ += 4==+F G+B)    =B2<(
!E0B+20 B)0 +B 0,2I= B)  4<24<BI7
<22!7 + Q3& LYLQ&9 &;6=YL Q3&  ?K=?&KQY Q3&;"
' > > >
) L% ) - @L@GAA D .@L@GAAI@GA ) !  @L@GAA D "  @L@GAAI@GA '
'G >L >L >L

' "  @L@GAAI@GA ) N  @GAI@GA


@TC>1A
3UL Q3& LYLQ&9 5L ?LL5V& W5Q3  @LA L LQ=K2& +U; Q5=;C
=;V&KL&8Y# 5+  LYLQ&9 5L ?LL5V& W5Q3    LQ=K2& +U; Q5=;# Q3& +=88=W5;2
5;&EU85Q5&L 3=8$L"
' > >
) - @LA D .@LAI ' N  @GAI@GA @TC>/A
'G >L >L
W35 3 8&K8Y 59?85&L EC@TC>RA ;$ EC@TC>RA
K% L :8JD:5 :( :DJ1625J:828 QEJ$6E

Q $5K& Q8Y +=88=WL +K=9 $&.;5Q5=;L Q3Q +=K  8=LL8&LL LYLQ&9 !  @L@GAA ) [
;$ Q3Q +=K  LQK5 Q8Y ?LL5V& LYLQ&9 !  @L@GAA ) *@LAC 3UL# 5+  LYLQ&9
5L LQK5 Q8Y ?LL5V& ;$ 5QL LQ=K2& +U; Q5=; 5L ?=L5Q5V& $&.;5Q& 5; 5QL &EU585K5U9
?=5;Q L ) [# Q3&; Q3& &EU585K5U9 ?=5;Q 5L Y?U;=V LQ8&C
3& Q&K9 !  @L@GAA K&?K&L&;QL Q3& $5LL5?Q5=; ?K&L&;Q 5; Q3& LYLQ&9 ;$
Q3& Q&K9 "  @L@GAAI@GA ) N  @GAI@GA K&?K&L&;QL Q3& ?=W&K 0=W5;2 Q3K=U23 Q3&
?=W&K ?=KQC ; + Q# 5;  8=LL8&LL LYLQ&9 !  @L@GAA ) [# ;9&8Y Q3&K& 5L ;=Q
$5LL5?Q5=; ;$ 88 Q3& &;&K2Y LU??85&$ 5L LQ=K&$C Q 5L Q3&; ?=LL58& Q= &X?8=5Q
Q3&  ?K=?&KQY Q= 25V& ; 8Q&K;Q5V& $5,&K&;Q58 $&.;5Q5=; =+  ?LL5V&
LYLQ&9"

".)<)0. >5115  =I=B/ += 4==+F +! B) 42G< =E44.+ += +B)< =B2< 2<
+==+4B +77 +!
'
 ) D $11 @TC>OA
'G
G)<  @LA += B) =B2<( !E0B+20  ) "  @L@GAAI ) N  I += B) =E44.+
42G< 0 $11 ) *!  @L@GAA 0 [ += B) 42G< +==+4B I B) =I=B/7
=K 8=LL8&LL LYLQ&9L 88 Q3& ?=W&K LU??85&$ 5L LQ=K&$ W358& +=K LQK5 Q8Y $5LL54
?Q5V& LYLQ&9L  ?=KQ5=; =+ Q3& LU??85&$ ?=W&K 5L $5LL5?Q&$ W358& Q3& K&LQ 5L
LQ=K&$C + Q3& K&8Q5=; EC@TC>OA 5L LQ5L.&$ W5Q3 $11 7 [ 5Q 9&;L Q3Q Q3&
LYLQ&9 5L ;=Q ?LL5V& L5; &  ;&2Q5V& $5LL5?Q5=; K&?K&L&;QL ; &XQK ?=W&K
5;6& Q5=; 5;Q= Q3& LYLQ&9C

>5>5> ?<2?< + <),)D<)0. 0 88)@ C8<-8

LL5V& LYLQ&9L 3V& &&; ;$ K& V&KY 9U 3 LQU$5&$ & UL& =+ Q3& ??&85;2
85;7 &QW&&; ?LL5V5QY ;$ Y?U;=V LQ585QY# L3=W; 5; & C TCTC>C 3& 59
=+ Q35L LUL& Q5=; 5L Q= L3=W 3=W 5Q 5L ?=LL58& Q= =I/4B2B+..I LQ585Z& 
?LL5V& LYLQ&9 5; 5QL &EU585K5U9 ?=5;Q @W35 3 5L 25; LU??=L&$ Q= &X5LQ ;$
Q= & L ) [A UL5;2 V&KY W&88 &LQ85L3&$ Q& 3;5EU&L 1># >T<# R><# >N[C
".)<)0. >51> 3D70 8<< <<),)<C . 087@),)<C45  =I*
=B/ =<+ I 975D736 += 8= 88Y Z&K= LQQ& $&Q& Q8& +! B)< H+=B= 
0+()2<)22  1  2! [ =E) B)B !2< .. L ! 

! 1@@G& L& [AA ) [ 4G $ [ B)0 859 @G& L& [A ) [ @TC>NA


3


!  )  B)0 B) =I=B/ += =+ Z&K= LQQ& $&Q& Q8&7


 =I=B/ += 8= 88Y Z&K= LQQ& =L&KV8& +! B)< H+=B=  0+()2<)22  1 
2! [ =E) B)B !2< .. L ! 

! 1@@G& L& [AA ) [ 4G $ [ B)0 L)[ @TC>'A

!  )  B) B) =I=B/ += =+ Z&K= LQQ& =L&KV8&


L?L E2 :8$<JE :( EE2N2JQ 0$:DQ K9

".)<)0. >51= 327027 ?.<)0.45  0200(B+F !E0B+20  "    +=


?K=?&K +! !2< ) ! 0 [ B) =B

  @[& !A ) L !   [ '  @LA ' ! @TC><A

+= 2/4B7

/<- D73'7 K=?&K +U; Q5=;L K& L=9&Q59&L 88&$ K$588Y U;=U;$&$ +U;4
Q5=;L >1RC

Q 5L ;=W ?=LL58& Q= ?K=V& Q3& +=88=W5;2 Q3&=K&9 1>"

'07- >51# 3?<2?< + 8C-2<0<) 8<),)D<)0.45 20=+<


 =I=B/ =<+ I 975D736 B)B += 4==+F G+B)  42=+B+F $0+B =B2<(
!E0B+20   B)B += .2..I J<2 =BB BB. 0 B)B /+B= L ) [ =
0 9E+.+<+E/ 20$(E<B+207 B @ "      =/22B) !E0B+20 =E) B)B
@@[A ) [ 0 N  @@NA 0 [ !2< ) 020 J<2 N7 ) 20B<2. .G

I ) *@@NA @TCT[A

=I/4B2B+..I =B+.+J= B) 9E+.+<+E/ 42+0B7 ! B) =I=B/ += J<2 =BB *
BB. 0  += 4<24< B)0 B) 20B<2. .G (+F0 I 975D7DK6 (.2..I =I/*
4B2B+..I =B+.+J= B) =I=B/7

<22!7 5; & Q3& LYLQ&9 5L ?LL5V& Q3& $5LL5?Q5=; 5;&EU85QY 3=8$L ;$ Q3&K&4
+=K&# =;L5$&K5;2 I ) *@@NA"
 3
 @L@GAA *  @L A ' * N  @H A@@N@H AA'H ' [ @TCT>A

3UL Q3& LQ=K2& +U; Q5=; 5L ;=; $& K&L5;2 8=;2 Q3& QK6& Q=K5&L =+ Q3& 8=4
L&$ 8==? LYLQ&9C 5; &  5L ?=L5Q5V& $&.;5Q&# Q3& &EU585K5U9 ?=5;Q L ) [ 5L
Y?U;=V LQ8&C 3==L&  LU- 5&;Q8Y L988 ;&523=K3==$ =+ Q3& &EU585K5U9
@5C&C LU 3 Q3Q Q3& LQ585QY ?K=?&KQY 3=8$LA ;$ =;L5$&K ; 5;5Q58 =;$5Q5=;
L 5; Q3Q ;&523=K3==$C &;=Q& W5Q3 L @GA ;$ / Q3& LQQ& QK6& Q=KY =KK&4
L?=;$5;2 Q= L ;$ Q3& =KK&L?=;$&;Q ?=L5Q5V& 8595Q L&Q @W35 3 5L ;=;4&9?QY#
=9? Q ;$ 5;VK5;QAC 5; & 8593
  @L @GAA ) ! $ [# Y Q3& =;Q5;U5QY =+
 +=88=WL Q3Q  @LA ) ! +=K 88 L ! / C &Q L : ! / ;$ L :@GA Q3& =KK&L?=;$5;2
QK6& Q=KYC 5; & L:@GA ! / +=K 88 G $ [ Q3&;
 3
[ )  @:L@GAA *  @:
LA ' * N  @H A@@N@H AA'H ' [ @TCTTA

59?85&L N ) [ +=K 88 G $ [C Y $&Q& Q585QY 8593


 L:@GA ) [ ;$ Q3&K&+=K&
! ) [C 3UL 8593
  @L @GAA ) [# 5C&C 8593
 L @GA ) [C 35L ?K=V&L 8= 8
LY9?Q=Q5 LQ585QY =+ Q3& &EU585K5U9 ?=5;Q L ) [C +  5L ?K=?&K ;$ Q3&
LYLQ&9 5L Z&K= LQQ& $&Q& Q8&# Q3&; Q3& &EU585K5U9 ?=5;Q 5L 28=88Y LY94
?Q=Q5 88Y LQ8&C
.S L :8JD:5 :( :DJ1625J:828 QEJ$6E

/<- D73@7 Q ; & L3=W; Y  3;2& =+ ==K$5;Q& Q3Q ;Y LQK5 Q 954
;59U9 =+ Q3& LQ=K2& +U; Q5=; ; & @8= 88YA LY9?Q=Q5 88Y LQ585Z&$ Y
LQQ5 =UQ?UQ +&&$ 7C
3&K& K& 9;Y =K=88K5&L =+ 3&=K&9 TC>/C ;& =+ Q3& 9=LQ 59?=KQ;Q 5L Q3&
+=88=W5;2"

070,,7C >5195 E442= B)B  =I=B/ G)+) /+B= L ) [ = 0 9E+.+<+E/


20$(E<B+20 += .2==.== G+B) 0 B .=B   4<24< 42=+B+F $0+B =B2<(
!E0B+20  7 ! B) =I=B/ += J<2 =BB 2=<F. B)0 !2< ) 4 0 [ B)
20B<2. .G I ) *4N (.2..I =I/4B2B+..I =B+.+J= B) 9E+.+<+E/ 42+0B
L ) [7
 8=Q =+ K&LU8QL =; LQ585ZQ5=; =+ ;=;85;&K LYLQ&9L ; & K&5;Q&K?K&Q&$ 5;
Q3& 8523Q =+ ?LL5V5QY Q3&=KY ;$ =+ 3&=K&9 TC>/C =K &X9?8&#  V&KY W&88
7;=W; K&LU8Q =UQ Q3& LQ585ZQ5=; =+ -;& LYLQ&9L =Q5;&$ 5; >RN UL5;2
;=;85;&K 2&=9&QK5 =;QK=8 Q& 3;5EU&L LQQ&L Q3Q 5+ Q3&K& &X5LQL  +U; Q5=;
 @LA W5Q3 =;8Y =;& 95;59U9 ?=5;Q 5; L ) [ ;$ LU 3 Q3Q

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??8Y =K=88KY TC>N W5Q3 4 ) > Q= LQ585Z& Q3& &EU585K5U9 ?=5;Q L ) [C

>5>5= 07<(-),<0.). C8<-8 . 88)@)<C

Q 3L 8K&$Y &&; ?=5;Q&$ =UQ +K=9 ; &;&K2&Q5 ?=5;Q =+ V5&W Q3Q Q3&
&3V5=K =+  ?=KQ4958Q=;5; LYLQ&9 5L &5Q3&K 8=LL8&LL @EC@>CR>AA# 5; L&
;= $5LL5?Q5=; 5L ?K&L&;Q 5; Q3& LYLQ&9# =K ?LL5V&# 5; L& L=9& $5LL5?Q5=; 5L
?K&L&;Q 5;Q= Q3& LYLQ&9 @EC@>CRRAAC
; Q35L L& Q5=;  +=K98 ?K==+ =+ Q3& ?LL5V5QY ?K=?&KQ5&L =+ ?=KQ4958Q=;5;
LYLQ&9 UL5;2  ==K$5;Q&4L&$ ??K= 3 W588 & 25V&; ;$# +=K Q3& L7& =+
8&K;&LL# &X?85 5Q ?=KQ4958Q=;5; LYLQ&9L W588 & =;L5$&K&$M Q3& =Q5;&$
K&LU8QL ; & &L58Y &XQ&;$&$ Q= 59?85 5Q ?=KQ4958Q=;5; LYLQ&9LC =;L5$&K
 ?=KQ4958Q=;5; LYLQ&9 W5Q3 $5LL5?Q5=;"


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5;?UQ L52;8 L? &  ;$ Q3& =UQ?UQ L52;8 L? &L  K& $U8 84$59&;L5=;8
V& Q=K L? &L# 5C&C  )  C UKQ3&K9=K&# @LA 5L  L7&W LY99&QK5 9QK5X
K&?K&L&;Q5;2 Q3& 5;Q&K;8 ?=W&K ?K&L&KV5;2 5;Q&K =;;& Q5=;L# @LA 5L  LY94
9&QK5 ?=L5Q5V& L&95$&.;5Q& 9QK5X K&?K&L&;Q5;2 Q3& $5LL5?Q5=; =+ Q3& LYLQ&9
;$ .@LA 5L  9QK5X $&L K55;2 Q3& WY Q3Q ?=W&K =95;2 +K=9 Q3& &XQ&K;8
W=K8$ 5L $5LQK5UQ&$ 5;Q= Q3& LYLQ&9C
3& 85;7 &QW&&; ?LL5V5QY ;$ ?=KQ4958Q=;5; LYLQ&9L 5L LQQ&$ 5; Q3&
+=88=W5;2"

70208)<)0. >515  42<B*/+.B20+0 =I=B/ G+B) +==+4B+20 +=  4==+F


=I=B/ 0 B) =B2<( !E0B+20 += B) /+.B20+0 !E0B+207

<22!7  ?=KQ4958Q=;5; LYLQ&9 W5Q3 $5LL5?Q5=; @EC@TCT/AA ; & 5;Q&K4


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W3&K& Q3& L7&W LY99&QKY =+ @LA 3L &&; &X?8=5Q&$ ;$ Q3& 5;&EU85QY +=88=WL
+K=9 Q3& + Q Q3Q @LA 5L ?=L5Q5V& L&95$&.;5Q&C UKQ3&K9=K&"

>
>

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>L >L
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;$ =;L&EU&;Q8Y# ??8Y5;2 K=?=L5Q5=; TC>[#  ?=KQ4958Q=;5; LYLQ&9 W5Q3
$5LL5?Q5=; 5L  ?LL5V& LYLQ&9C

+ @LA ) [# ;9&8Y 5+ Q3&K& 5L ;= $5LL5?Q5=; 5; Q3& LYLQ&9# Q3&;

77 
@LA ) [ @TCT'A


3&K&+=K&#  ?=KQ4958Q=;5; LYLQ&9 W5Q3=UQ $5LL5?Q5=; 5L  8=LL8&LL LY4


LQ&9C UKQ3&K9=K& 5+ @LA 5L ?=L5Q5V& $&.;5Q&# Q3& ?=KQ4958Q=;5; LYLQ&9
5L LQK5 Q8Y ?LL5V&C 3UL# 8=LL8&LL;&LL# ?LL5V5QY ;$ LQK5 Q ?LL5V5QY =+  ?=KQ4
958Q=;5; LYLQ&9 ; & $&Q&K95;&$ Y L59?8Y 3& 75;2 Q3& L52; =+ Q3&
9QK5X @LAC 35L ; & V&KY 8&K8Y 5;Q&K?K&Q&$ UL5;2 &+C TC>>C ; + Q# Y
LQK523Q+=KWK$ 8 U8Q5=;L# Q3& +=88=W5;2 K&8Q5=; ; & =Q5;&$"
.L L :8JD:5 :( :DJ1625J:828 QEJ$6E

'
>
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3& L52; =+ Q3& $5LL5?Q&$ ?=W&K $&?&;$L =; @LAC + @LA 5L ?=L5Q5V& $&.;5Q&#
$11 0 [ W35 3 9&;L Q3Q L=9& ?=W&K 5L 8WYL $5LL5?Q&$ Y Q3& LYLQ&9 ;$
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W35 3 9&;L Q3Q Q3&K& 5L ;= $5LL5?Q5=; ;$ Q3Q =;L&EU&;Q8Y Q3& LYLQ&9 5L
8=LL8&LLC + @LA W&K& ;&2Q5V& $&.;5Q&# $11 7 [ W35 3 9&;L Q3Q Q3& LYLQ&9
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/<- D7317 ; 2&;&K8# ?=KQ4958Q=;5; LYLQ&9L K& 3K Q&K5Z&$ Y 
8=W&K =U;$&$# ;=; ;& &LLK58Y ;=; ;&2Q5V&# 958Q=;5; +U; Q5=;# ;9&8Y
W& 3V& Q3Q Q3&K& 5L  .;5Q& ?=L5Q5V& =;LQ;Q P !  LU 3 Q3Q"

@LA $ *P
; Q35L L& 5Q 5L LQ588 ?=LL58& Q= ?K=V& Q3Q  ?=KQ4958Q=;5; LYLQ&9 5L 
?LL5V& LYLQ&9 Y =;L5$&K5;2
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3UL# ?=KQ4958Q=;5; LYLQ&9L 5;3&K5Q 88 Q3& ?K=?&KQ5&L =+ ?LL5V& LYLQ&9LC
Q 5L Q3&; ?=LL58& Q= LY9?Q=Q5 88Y LQ585Z& ; &EU585K5U9 =;.2UKQ5=;
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?3YL5 88Y 5;Q&K?K&Q&$ L Q3& $$5Q5=; =+ L=9& $9?5;2 Q= Q3& ?8;QC ; + Q#
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4 0 [C 3& =;QK=88&$ LYLQ&9 5L K&?K&L&;Q&$ Y Q3& +=88=W5;2 &EUQ5=;L"

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5L 9=$&8&$ Y Q3& LY99&QK5 ?=L5Q5V& L&95$&.;5Q& 9QK5X 4.@LA.  @LAC
/<- D7DK7 ; ?K&L&; & =+ $9?5;2# Q3& LQQ& =+ Q3& LYLQ&9 &V=8V&L Q=WK$L
 =;.2UKQ5=; =KK&L?=;$5;2 Q=  95;59U9 =+ Q3& 958Q=;5; +U; Q5=;C 3&
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+K=9 Q3& LYLQ&9C 3UL# 5;QK=$U 5;2 +UKQ3&K $5LL5?Q5=; 5;Q= Q3& LYLQ&9 @&C2C
Y $9?5;2 5;6& Q5=;A 88=WL Q= 5; K&L& Q3& KQ& Y W35 3 Q3& LYLQ&9 &V=8V&L
Q=WK$L  95;59U9 &;&K2Y =;.2UKQ5=;C
/<- D7D37 & 885;2 &9K7 TC/ ;$ &9K7 TC>O# 5Q ; & $&$U &$ Q3Q
;Y LQK5 Q 95;59U9 =+ Q3& 958Q=;5; +U; Q5=; =KK&L?=;$L Q=  Y?U;=V
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Q5=;C
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Q 5L &LY Q= L&& Q3Q Q3& ?=5;Q @[& [A 5L ; &EU585K5U9 ?=5;Q ;$# Q3UL# Q3Q 5Q
5L  28=8 95;59U9 ?=5;Q =+ Q3& 958Q=;5; +U; Q5=;C Q 5L ?=LL58& Q= 97&
 LQ585QY ;8YL5L =+ Q3& &EU585K5U9 ?=5;QC 75;2 L ;$5$Q& Y?U;=V
+U; Q5=; Q3& 958Q=;5; =+ Q3& LYLQ&9# Q3& +=88=W5;2 K&8Q5=;L 3=8$"


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 ==K$5;Q& 3KQ 88=WL Q= 5$&;Q5+Y  LUL&Q =+  W5Q3 ) C =;L5$&K QW=


==K$5;Q& 3KQL @& @A ;$ @  & @ A W3&K&  &   ,) "C 88 Q3& ?=5;QL =+
 &   K& $&L K5&$ Y QW= ==K$5;Q& 3KQL# ;9&8Y Q3& QW= ==K$5;Q&
3KQL =V&K8?C

".)<)0. 5> 30-2<), '7<845 G2 )<B= @& @A 0 @  & @ A


=E) B)B  &   ,) " < .. =9?Q58& +! @@ &   A 0 @0@ &   A
< 240 =E=B= 2! ) 0 B) /4=
&
@ - @ &.    " @@ &   A  @ @ &   A @C>A

0
LSL  J0$6J25 4/D:M8"

/ &= >
&

 /

/
& =  >

&
/
  :6<J25$ 0DJE

&
@ - @@ A &.     " @ @ &   A  @@ &   A @CTA

< =/22B)7
; 52C C> Q3& =; &?Q =+ =9?Q58& 3KQL 5L 588ULQKQ&$C Q 5L ;=W ?=LL58&
Q= $&.;&  ?KQ5 U8K =88& Q5=; =+ 3KQL"
".)<)0. 5= 3<,845 0 Q8L 20  =B  +=  !/+.I 2! )<B=  )
@$ & @$ A  2 !  G)< += 0 +0H =B =E) B)B
  ) 3$  $
 2< 0I 2& 3 ! B) )<B= @$ & @$ A 0 @% & @% A < 2/4B+.7
".)<)0. 5% 3)!7.<), -.) 0,45 G2 B.==  0  <
9E+F.0B +!  3  += 0 B.=7  +"<0B+. =B<EBE<  20  += 0
9E+F.0 .== 2! B.== 20  7 ) E0+20 2! .. B) B.== +0 
%
 )    ! 

+= B) /H+/. B.= 2!  0  )<B @& @A !  += 0 /+==+. )<B7


 $5,&K&;Q58& 9;5+=8$ +=  4+< @& A G)<  +=  =B 0  += 
+"<0B+. =B<EBE< 20  7
3& L&Q  $&.;&L Q3& L&Q =+ ?=5;QL =+ Q3& 9;5+=8$# W358& Q3& Q8L# ;9&8Y
Q3& WY UL&$ Q= 9? Q3& ?=5;QL Q= ) # $&.;&L Q3& $5,&K&;Q58 LQKU QUK&
;$ 88=WL $5,&K&;Q58 8 U8UL =V&K Q3& 9;5+=8$C Q8L&L &8=;25;2 Q= $5,&4
K&;Q &EU5V8&; & 8LL&L $&.;& $5,&K&;Q $5,&K&;Q58& LQKU QUK&L W35 3 Y5&8$
Q= =9?8&Q&8Y $5,&K&;Q 9;5+=8$LC
".)<)0. 5# 3)-.8)0. 0  )!7.<), -.) 0,45 ) $59&;4
L5=; 2!  /0+!2. <2E0  42+0B = ! $ 1  += B) +/0=+20 2! B)
.+0< =4 G)+) += B) 2*2/+0 2! B) /4 @$ 2! B) )<B @$ & @$ A7 ! B)
+/0=+20 <2E0 ) 42+0B 2! B) /0+!2. += B) =/ !2< +0=B0 : B)0
: += =+ B2  B) +/0=+20 2! B) /0+!2.7
?; 82(:5"E 8" $J:D M8"5$E LSK

=;L5$&K QW= UKV&L % # % Q3Q Q7&L V8U& =V&K  9;5+=8$ # ;9&8Y"

% & % "  

3& UKV&L K& L5$ Q= & 9E+F.0B 5+

% @[A ) % @[A ) 8 ;$ @@ - % A @[A ) @@ - % A @[A @CRA

5; L=9& 3KQ @M Q3& ?K59& 5;$5 Q&L Q3& ULU8 $&K5VQ5V& 5; ) C Q 5L ?=LL58&
Q= ?K=V& Q3Q Q35L $&.;5Q5=; =+ &EU5V8&; & 5L 3KQ 5;$&?&;$&;Q ;$ Q3Q 5Q
$&.;&L ; &EU5V8&; & K&8Q5=;C 88 Q3& UKV&L 5; Q3& L9& &EU5V8&; & 8LL
3V& Q3& L9& Q;2&;Q# 8 U8Q&$ UL5;2 Q3& $5,&K&;Q58 LQKU QUK& =+ # Q
Q3& ?=5;Q 8C

".)<)0. 5: 3.&.< @<0745  Q;2&;Q V& Q=K J B2  /0+!2.


+0  42+0B 8 ! += 0 9E+F.0 .== 2! E<F= B 87 ) 2/4200B= 2!
J < B) 0E/<= J  & ? ? ? & J ) $0 I
' &
J$ ) @@ - %A$ &3 @C1A
'G
G)< 2 ) > ? ? ? : 0 % +=  <4<=0BB+F E<F 2! B) 9E+F.0 .== $*
0+0( J 0 @ +=  )<B 2! 7

Q 5L ?=LL58& Q= ?K=V& Q3Q Q3& L&Q =+ Q;2&;Q V& Q=KL Q  ?=5;Q 8 ! +=K9L
 V& Q=K L? &C

".)<)0. 59 3.&.< 8245 ) FB2< =4 !2</ I .. B) B0*
(0B FB2<= B  42+0B 8 ! += .. Q;2&;Q L? & B2 B 8 0 +=
+0+B I ( 7

".)<)0. 5 3.&.< ?.,45 ) Q;2&;Q U;$8& 2!  02B I


  += B) =B (+F0 I B) E0+20 2! .. B) B0(0B =4= B2 B B) 42+0B=
8 !  B)B +=
%
 ) ( @C/A
( 

)E=  42+0B 2!  +=  FB2< B)B += B0(0B B2 +0 =2/ 42+0B 8 ! 7

Q 5L ?=LL58& Q= $&.;& Q3& $U8 =; &?QL =+ Q;2&;Q L? & ;$ Q;2&;Q U;$8&"

".)<)0. 5/ 30<.&.< 8245 ) FB2< =4 !2</ I B) =B 2!
.+0< 24<B2<= !<2/ ( B2  G)< 8 !  += .. =Q;2&;Q L? & B2

B 8 0 += +0+B I ( 7

; &8&9&;Q J ! (

5L 88&$ =Q;2&;Q V& Q=K =K L59?8Y 2FB2<C
LS.  J0$6J25 4/D:M8"

".)<)0. 51E 30<.&.< ?.,45 ) =Q;2&;Q U;$8& 2!  *


02B I   += B) =B (+F0 I B) E0+20 2! .. B) 2B0(0B =4= B2
B B) 42+0B= 8 !  B)B +=
%
 )
( @COA
( 

)E=  42+0B 2!  +=  .+0< 24<B2< 20  B0(0B =4 2! B =2/


42+0B 8 ! 7

; & Q3& =; &?QL =+ Q;2&;Q L? & ;$ =Q;2&;Q L? & 3V& &&; $&.;&$#
5Q 5L ?=LL58& Q= $&.;& =?&KQ=KL Q3Q LL= 5Q& Q= Q3& ?=5;QL =+  9;5+=8$#
&8&9&;Q 5; Q3& Q;2&;Q =K 5; Q3& =Q;2&;Q L? &C

".)<)0. 511 3<07 ",45  V& Q=K .&8$  20  /0+!2. += 


/4  "   B)B ==+(0=  B0(0B FB2< @8A ! ( B B) 42+0B
8 ! 7 0 5;Q&2K8 UKV& G+B) +0+B+. 20+B+20 8 B G ) [ +=  +"<0B+.
/4 % " @!& #A  =E) B)B @!& #A += 0 240 +0B<F. 20B+0+0( [ %@[A ) 8
0

% @GA ) @%@GAA 4G ! @!& #A @CNA

3UL# 5Q 5L ?=LL58& Q= 5;Q&K?K&Q  V& Q=K .&8$ L ; =?&KQ=K Q3Q LL= 5Q&L Q=
& 3 ?=5;Q =+ Q3& 9;5+=8$  GV&8= 5QY V& Q=KHC 3& 5;Q&2K8 UKV& =+  V& Q=K
.&8$ 5L  UKV& W3=L& V&8= 5QY Q & 3 ?=5;Q 5L Q3Q LL= 5Q&$ Y Q3& V& Q=K
.&8$ Q= Q3Q ?=5;QC 3& $U8 =; &?Q =+  V& Q=K .&8$ 5L Q3Q =+ =V& Q=K .&8$
;$ 5Q 5L $&.;&$ L"

".)<)0. 51> 30@<07 ",45  =V& Q=K .&8$  20  /0+!2.


+=  /4  "   B)B ==+(0=  2FB2<  @8A ! (

B B) 42+0B
8 ! 7

=;L5$&K  L9==Q3 9? - $&.;&$ =;  9;5+=8$ # 5C&C"

- " 

;$ 8&Q  &  V& Q=K .&8$ $&.;&$ =V&K C Q 5L ?=LL58& Q= =;L5$&K Q3&
VK5Q5=; =+ Q3& 9? - 8=;2 Q3& $5K& Q5=; $&Q&K95;&$ Y # 5C&C 8=;2 Q3&
5;Q&2K8 UKV&L =+ C

".)<)0. 51= 3 ) 7)@<)@45 ) <+FB+F 2! B) !E0B+20 - .20(


B) FB2< $.  +=  /4 $0 20 0 +B += $0 I

> -
 - "    - @LA ) @LA L! @C'A
>L
G)<
>- >- >- 
) &???& 
>L >L >L)
?; 82(:5"E 8" $J:D M8"5$E LS,

5V&; QW= V& Q=K .&8$L  ;$  =;  9;5+=8$ # 5Q 5L ?=LL58& Q= $&.;& 


Q35K$ V& Q=K .&8$ Q3K=U23 Q3&
 =54 5& K 7&QLC

".)<)0. 51% 3
0)( ) 7+<845 +F0 BG2 FB2< $.  0 
20  /0+!2. 0  /4 - "    +B += 42==+. B2 $0  B)+<
FB2< $. G)+) += .. B)
 =54 5& K 7&QL 2!  0  0 G)+) +=
+0+B G+B) &   0 G)+) += E0+9E =E) B)B

 - )   - *   - @C<A

3&
 =54 5& K 7&QL =+ QW= V& Q=K .&8$L $&?&;$L =; Q3& =99UQQ5V5QY
=+ Q3& LQKQ5;2 V& Q=K .&8$LC ; + Q 5Q 5L ;=Q L5$ Q3Q 9=V5;2 +=KWK$ 8=;2
; 5;Q&2K8 UKV& =+  ;$ Q3&; 9=V5;2 +=KWK$ 8=;2 ; 5;Q&2K8 UKV& =+ 
;$ Q3&; 9=V5;2  7WK$ 8=;2 ; 5;Q&2K8 UKV& =+  ;$ .;88Y 9=V5;2
 7WK$ 8=;2 ; 5;Q&2K8 UKV& =+  Q3& LQKQ5;2 ?=L5Q5=; 5L K& 3&$ 25;C
3&
 =54 5& K 7&QL =+  ;$  &X?K&LL Q35L ;=; =99UQQ5V5QYC
".)<)0. 51# 3.&.< -245 +F0 BG2 /0+!2.= 0 0 
=/22B) /4 - "   +B += 42==+. B2 $0  .+0< /4

( - " (  ! ( @C>[A

20=B<EB +0 B) !2..2G+0( GI7 2< J ! (  )22=  E<F % " @*+& +A 


G+B) %@[A ) 8 0 F.2+BI FB2< '%F'G3 ) J7 )0 ( - @JA += B)
F.2+BI FB2< B G ) [ 2! B) E<F - - % "    B)B +=
' &
( - @JA ) - @%@GAA&3 @C>>A
'G
) FB2< ( - @JA 2= 02B 40 20 B) E<F % EB 20.I 20 B) FB2< J7
) Q;2&;Q 9? =+ - += B) /4

- "    @8& JA  @- @8A& ( - @JAA @C>TA

 2&;&K85ZQ5=; =+ Q3& =; &?QL =+ V& Q=K ;$ =V& Q=K .&8$L K& Q3& =; &?Q
=+ $5LQK5UQ5=; ;$ =$5LQK5UQ5=;C

".)<)0. 51: 3)8<7)?<)0.45  +=B<+EB+20  20  :*+/0=+20. +!*


!<0B+. /0+!2. +=  =/22B) /4 B)B ==+(0= B2 ) 42+0B 8 !
 =E=4 @8A 1 ( 7  +=B<+EB+20 += .. L9==Q3 +! 0 20.I +! B)
=E=4= B)B +B B</+0= 20 B) B0(0B =4 2! ) 42+0B 0  =400
I  =B 2! =/22B) FB2< $.= +77 B)< H+=B =@' :A =/22B) FB2< $.= $
=E) B)B
@8A ) D=!: $ @8A 2 ) >& ? ? ? & =
) +=B<+EB+20 += .. 20=B0B +/0=+20. +! 0 20.I +! !2< ) 8 ! 
@8A )= B) =/ +/0=+207
LSH  J0$6J25 4/D:M8"

".)<)0. 519 30)8<7)?<)0.45  2+=B<+EB+20  20  :*+/0=+20*


. +"<0B+. /0+!2. +=  =/22B) /4 B)B ==+(0= B2 ) 42+0B
8 !  =E=4  @8A 1 (
7  2+=B<+EB+20 += .. L9==Q3 +!
0 20.I +! B) =E=4= B)B +B B</+0= 20 B) 2B0(0B =4 2! )
42+0B 0  =400 I  =B 2! =/22B) 2FB2< $.= +77 B)< H+=B =@' :A
=/22B) FB2< $.= $ =E) B)B

 @8A ) D=!: $ @8A 2 ) >& ? ? ? & =

) 2+=B<+EB+20 += .. 20=B0B +/0=+20. +! 0 20.I +! !2< ) 8 !
 @8A )= B) =/ +/0=+207

;=Q3&K =; &?Q K&8Q5V& Q= $5,&K&;Q58& 9;5+=8$L Q3Q 5L UL&$ 5; Q3& ==7


5L Q3Q =+ @L9==Q3A V& Q=K U;$8&C =U238Y L?&75;2#  V& Q=K U;$8& 5L 
9;5+=8$ W5Q3  V& Q=K L? & QQ 3&$ Q= & 3 ?=5;QC ;2&;Q ;$ =Q;2&;Q
U;$8&L Q=  9;5+=8$ K& &X9?8&L =+ V& Q=K U;$8&LC =K& +=K988Y# 8&Q
&  9;5+=8$"

".)<)0. 51 3<07 ?.,45  V& Q=K U;$8& M 2F< 20=+=B= 2!
37  /0+!2.  .. B) Q=Q8 L? &
D7  =/22B) /4 A "    .. ?K=6& Q5=; 9?
C7 2< ) 8 !  B) =B A  @8A )= B) =B<EBE< 2!  FB2< =47
E<B)</2< B) !2..2G+0( 20+B+20 2! 8= 8 QK5V585QY /E=B  =B+=$ !2<
) 8 ! B)< H+=B=  0+()2<)22  !  0 +0B(< : 0 [ 0 
+"2/2<4)+=/
1 "  + )  A  @ A
=E) B)B !2< ) 8 !   B) 2<<=4200 L  1@8& LA $0= 0 +=2*
/2<4)+=/ BG0 B) FB2< =4 ) 0 B) FB2< =4 A  @8A7 ) 4+<
@& 1A += ..  .2. 22<+0B =I=B/ !2< M7 ) FB2< =4 A  @8A +=
.. .&K 2F< 8 !2< 0I 8 ! 7

=K  V&KY =9?8&Q& QK&Q9&;Q =+ V& Q=K U;$8&L L&& T[1C

&- "(#'(
&;L=KL K& Q3& 2&;&K85ZQ5=; =+ Q3& =; &?QL =+ V& Q=K ;$ 9QK5X ;$# 5;
+ Q# =; &  ==K$5;Q& +K9& 3L &&; $&.;&$# Q3&Y ; & K&?K&L&;Q&$ L
9U8Q5$59&;L5=;8 9QK5 &LC =K  =9?8&Q& QK&Q9&;Q L&&# +=K &X9?8&# >'/C

".)<)0. 51/ 3 ?,<),).7 -245 20=+< :D> FB2< =4=  & ? ? ? &
) & 7  9U8Q585;&K 9? +=  /4

 "  + . . . + )   @C>RA
?K 2$ D:M<E 8" 2/2" :J2:8E LSG

=E) B)B !2< ) 2 ) >& ? ? ? & : B) /4=


$ @J & ? ? ? & J$ & J$ & ? ? ? & J) A " $   J$  @J & ? ? ? & J) A @C>1A
< .+0< !2< ) J & ? ? ? & J$ & J$ & ? ? ? & J) 7
3& L&Q =+ 9U8Q585;&K =?&KQ=KL $&.;&$ =; $ & ? ? ? & ) &  5L 5;$5 Q&$ L
) @ & ? ? ? & ) M A
;$ 5Q ; & ?K=V&; Q3Q 5Q 5L  V& Q=K L? &C
=;L5$&K  V& Q=K L? &  ;$ $&;=Q& 5QL $U8 L? &# ;9&8Y Q3& V& Q=K L? &
+=K9&$ Y Q3& 85;&K =?&KQ=KL =; # Y  C
".)<)0. 5>E 3.807845 +F0  FB2< =4  B) =B 2! B0=2<= 2!
2<< = D B 2! BI4 @=& BA 0/.I = 20B<F<+0B 0 B 2F<+0B += $0
I
/, @A ) ,/ @& ? ? ? &  &  & ? ? ?  M A @C>/A
     
/ 3$(1 , 3$(1

=Q5 & Q3Q   @A )  ;$ Q3Q  @A )  C


Q 5L ?=LL58& Q= $&.;& Q&;L=KL =V&K  $5,&K&;Q58& 9;5+=8$C ; & C C> 5Q 3L
&&; L3=W; Q3Q 5Q 5L ?=LL58& Q= $&.;&  V& Q=K L? & @Q3& Q;2&;Q L? &A Q
& 3 ?=5;Q =+  9;5+=8$M Q35L V& Q=K L? & ; & UL&$ L Q3& 85;&K L? & =V&K
W35 3 Q= $&.;&  Q&;L=KC =K& +=K988Y# 5Q 5L ?=LL58& Q= 25V& Q3& +=88=W5;2"
".)<)0. 5>1 3.807 ",45  ? =;QKVK5;Q E =VK5;Q Q&;L=K .&8$
+=  /4 B)B =/22B).I ==+(0= B2 ) 42+0B 8 2!  /0+!2.  B0=2< +0
/, @( A
Q 5L Q3&; ?=LL58& Q= LL= 5Q& Q= & 3 ?=5;Q 8 =+  9;5+=8$ Q3& V& Q=K
L? & =+ @=& BA Q&;L=KL =; ( M Q35L V& Q=K L? & 5L 5;$5 Q&$ W5Q3 /, ( C
".)<)0. 5>> 3.807 ?.,45 ) B 20B<F<+0B 0 = 2F<+0B
B0=2< E0. 2F<  /0+!2. += $0 =
%
/, ) /, ( @C>OA
( 

3& =; &?QL =+ V& Q=K ;$ =V& Q=K .&8$L ;$ =+ Q;2&;Q ;$ =Q;2&;Q U;$4
8&L K& L?& 58 L&L =+ Q3& =; &?QL =+ Q&;L=K .&8$ ;$ Q&;L=K U;$8&C

&,
 '#.%( "  #+#"(
3& =; &?Q =+ 5& 2K=U? 5L V&KY UL&+U8 5; K==Q5 L ;$# 5; 2&;&K8# 5; 9& 34
;5 L# & UL& 5Q 88=WL Q= $&L K5& Q3& 9=Q5=; =+ K525$ =$5&L ;$ 9& 3;5L9L
5;  V&KY &8&2;Q ;$ ==K$5;Q& +K&& WYC =K ; &X &88&;Q ;$ =9?8&Q& QK&4
Q9&;Q =+ 5& 2K=U?L ;$ Q3&5K ??85 Q5=;L L&& TT>C
LS%  J0$6J25 4/D:M8"

".)<)0. 5>= 3 ) &70?245  5& 2K=U? +=  /0+!2.  B)B += .=2 


(<2E47 ) (<2E4 =B<EBE< /E=B  2/4B+. G+B) B) +"<0B+. =B<EBE<
2! /0+!2. B)B += B) (<2E4 /E.B+4.+B+20

9"+  @.& 1A  .1

+=  =/22B) /47

5; & Q3& 9;5+=8$  5L  2K=U? 5Q 5L ?=LL58& Q= 5$&;Q5+Y Q3& 5$&;Q5QY &8&9&;Q
W35 3 5L 5;$5 Q&$ W5Q3 )C UKQ3&K9=K&# L5; & Q3& 2K=U?  5L  9;5+=8$# 5Q 5L
?=LL58& Q= $&.;& Q;2&;Q ;$ =Q;2&;Q L? &L Q & 3 ?=5;Q . ! C
3&K& K& QW= 59?=KQ;Q 9??5;2L =+ 5& 2K=U?L"

".)<)0. 5>% 3  < . 7)&'< <7.8,<)0.845 +F0  + (<2E4  !2<


) . !  B) 8&+Q QK;L8Q5=; Y . += $0 I

" "    1  .1 @C>NA

0 B) K523Q QK;L8Q5=; Y . += $0 I

" "    1  1. @C>'A

".)<)0. 5># 3 ) ,&745  + .(<  +=  FB2< =4 B2(B)<


G+B)  +.+0< 0B+=I//B<+ <-B =B+=!I+0(
2+;= +0B+BI B)B += !2<
) M& ,?P ! 

M& ,& P D P& M& , D ,& P& M ) [ @C><A

=K & 3 M !  # 5Q 5L ?=LL58& Q= $&.;&  V& Q=K .&8$ 8 =;  Y 8&QQ5;2"

8 @.A )  " @MA @CT[A

".)<)0. 5>: 3 ) ,&7 880)< <0  ) &70?245 ) +


(<2E4  += ==2+B B2 0 E0+9E + .(< 7 ) FB2< =4 <.B+F
B2  +=   0 B) 2//EBB2< 2! B) .(< += (+F0 I B) + <-B=
$0 = !2..2G= 4M& , !  

M& , ) 8 &  

G)< 8 &   += B)


2+* + <-B= 5!7 73'6 BG0 FB2< $.= 20
 /0+!2.7

5=51 . B-2, ' 2), ?,). 70?2 3=4

3& L?& 58 U 85$&; 2K=U? @RA 5L ; &X9?8& =+ 5& 2K=U? Q3Q 5L 8L=
V&KY UL&+U8 5; Q3& LQU$Y =+ Q3& 9=Q5=; =+ K525$ =$5&L ;$ 9& 3;5L9LC
?K 2$ D:M<E 8" 2/2" :J2:8E LS9

Q 5L W&88 7;=W; Q3Q Q3& =;.2UKQ5=; =+  K525$ =$Y 5; Q3& L? & ; &
$&L K5&$# UL5;2 3=9=2&;&=UL ==K$5;Q&L# Y Q3& 3=9=2&;&=UL 9QK5X"
 
 =
1) @CT>A
[[[ >

W3&K&  5L  R + R =KQ3=2=;8 9QK5X W5Q3 $&Q&K95;;Q &EU8 Q= > W35 3


K&?K&L&;QL Q3& =K5&;QQ5=; =+ Q3& K525$ =$Y W358& = 5L  V& Q=K Q3Q K&?K&L&;Q
5QL ?=L5Q5=;C 3& L&Q =+ 9QK5 &L =+ Q35L +=K9 5L 88&$ L?& 58 U 85$&; 2K=U?
5;  ;$ 5L $&;=Q&$ Y @RAC Q ; & &L58Y L&&; Q3Q Q3& L&Q @RA 3L
Q3& LQKU QUK& =+ 9;5+=8$C 3& LQKU QUK& =+ 2K=U? ; & 3& 7&$ Q75;2 L
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Printing: Krips bv, Meppel
Binding: Strtz, Wrzburg

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