11
9 LOS VALORES EN EL DEPORTE GUILLERMO RUIZ LLAMAS (*) DOLORES CABRERA SUÁREZ (*) RESUMEN. El deporte ha sido considerado tradicionalmente un medio apropiado para conseguir valores de desarrollo personal y social; afán de superación, integración, respeto a la persona, tolerancia, acatación de reglas, perseverancia, trabajo en equi- po, superación de los límites, autodisciplina, responsabilidad, cooperación, honesti- dad, lealtad, etc. son cualidades deseables por todos y que se pueden conseguir a través del deporte y de la orientación que los profesores, entrenadores y familia le den, siempre con el apoyo de todos los agentes implicados en él, de forma que estos valores se desarrollen y perduren en la persona y le ayuden a un completo desarro- llo físico, intelectual y social y por añadidura a una mejor integración en la sociedad en que vivimos. ABSTRACT. Sport has traditionally been considered as a proper means to pursue values of personal and social values; a desire to achieve one's best, perseverance, integration, respect, tolerance, acceptance of the rules, teamwork, record beating, self-discipline, responsibility, cooperation, honesty, loyalty, etc. are desirable quali- ties and can be achieved through sport and through the orientation that is given by teachers and trainers and families, always with the support of all the agents which are involved in it, so that these values are developed and last in the person and help him or her to develop physically, intellectually and socially and in addition to inte- grate better in society. Revista de Educación, núm. 335 (2004), pp. 9-19. Fecha de entrada: 29-03-2004 Fecha de aceptación: 28-06-2004

Valores del deporte

Embed Size (px)

Citation preview

!"#$"% &'("% )*(&+% ,-").+/% 0*)"1+#+#'*,+1"#%&'0%2"0-$+%-0#-#,-"0$+%"0%3'%0"("4#-$'$%$"%"$*('1%"0%2'3+1"#5%#+0%2'1-+#%3+#"#,*$-+#%6*"%&'0%-0(-$-$+%"0%"#,"%(').+%7"0% ,+$+#% "33+#% #"% &'("% 1"8"1"0(-'% '% 3'1"$*0$'0(-'%$"%"#,'%'#"2"1'(-90/%7'%6*"%#-0+%#"%"$*('%"0%2'3+1"#%0+%#:%"#,'%"$*('04$+% 1"'3)"0,";% <#,'% '8-1)'(-90% "$*(',-2'6*"$'/% '(,*'3)"0,"/% 8*"1'% $"% ,+$'% $-#(*4#-90/%("0,1=0$+#"%"3%.1+>3")'%'(,*'3%0+%"0"3% 8*0$')"0,+%$"% 3+#% 2'3+1"#% "$*(',-2+#/

#-0+%"0%6*:%2'3+1"#%#+0%3+#%6*"%$">"0%#"142-1%$"%#*#,1',+%7%'.3-('(-90%$"0,1+%$"% 3+#.1+("#+#%"$*(',-2+#;

?'% "$*('(-90% 8@#-('% 7% "3% $".+1,"% &'0#-$+%7%#-A*"0%#-"0$+%(+0#-$"1'$+#%$"%A1'0.+,"0(-'3% .'1'% "3% $"#'11+33+% $"% 2'3+1"##+(-'3"#%7%."1#+0'3"#/%'*)"0,'0$+%$"%"#,'8+1)'% #*% -).+1,'0(-'% (+)+% "3")"0,+."$'A9A-(+%7%8+1)',-2+/%."1+%(1"'0$+%*0'#"1-"%$"%$-3")'#%'%3+#%.1+8"#-+0'3"#%$"%3''(,-2-$'$%8@#-('%#+>1"%(9)+%6*"1")+#%6*"

B

CDE F0-2"1#-$'$%$"%?'#%G'3)'#%$"%H1'0%I'0'1-';

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

HFJ??<KLM%KFJN%??OLOP%CDE!M?MK<P%IOQK<KO%PFRK<N%CDE

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

!"#$%&'()"(*)+,',$-./(0X);%YYZ%C[\\]E/%..;%B4^B;

_"(&'%$"%"0,1'$'`%[B4\Y4[\\] _"(&'%$"%'(".,'(-90`%[a4\b4[\\]

#"'%3'%<$*('(-90%_@#-('%"#(+3'1%7%"3%!".+14,"% "#(+3'1% +% (9)+% 6*"1")+#% 6*"% #"'% 3'.1=(,-('% $"% "#'% '(,-2-$'$% )+,91-('% "0% 3'"#(*"3'%7%8*"1'%$"%"33'/%$"%8+1)'%6*"%0+#."1)-,'%'3('0c'1%3+#%2'3+1"#%6*"%$"#"')+#;

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d%"#"0%"33+%"0%3+%6*"%1'$-('%"#'%1"3',-2-$'$%$"3+#% 2'3+1"#% 7% 3'% 0"("#-$'$% $"% -0,"1.1",'1('$'%*0+%$"%"33+#%"0%8*0(-90%$"%*0%,-").+7%"#.'(-+%#+(-+(*3,*1'3%(+0(1",+;

<3%$".+1,"%"#%*0'%'(,-2-$'$%(+0%$-8"41"0,"#%'(".(-+0"#%"0%8*0(-90%$"%3'%9.,-('

$"%#*%"#,*$-+/% 3'1A')"0,"%'0'3-c'$+%7%$"*0'%A1'0%(+).3"S-$'$/%6*"%(')>-'%#*%#-A40-8-('$+%"0%,'0,+%#"%1"8-"1"%'%*0'%'(,-,*$%7'(,-2-$'$% &*)'0'% (+)+/% 7% #+>1"% ,+$+/(*'0$+% 0+#% ("0,1')+#% "0% *0'% 1"'3-$'$#+(-'3% +% "0% *0% (+0S*0,+% $"% 1"'3-$'$"##+(-'3"#;% e+#+,1+#% 0+#% ("0,1'1")+#% "0% "3(+0(".,+%$"%$".+1,"%"#(+3'1/%"3%(*'3/%#"AX0Q3=c6*"c% C^BBZE/% ,-"0"% *0% $+>3"% #"0,-$+`.+1%*0%3'$+/%-0(3*7"%'6*"33'#%.1=(,-('#%8@#-4('#%6*"%#"%$"#'11+33'0%"0%"3%=)>-,+%$"%3'-0#,-,*(-90%"#(+3'1/%7/%.+1%+,1+/%'%3'#%'(,-2-4$'$"#%.1'(,-('$'#%"0%"$'$%"#(+3'1/%0+%(-14(*0#(1-,'#%'%3'%"#(*"3'/%."1+%(*7'%1"'3-c'4(-90%,')>-:0%$">"%"#,'1%#*S",'%'%*0'%+1-"04,'(-90% "$*(',-2'% 7% 8+1)',-2'/% '*06*"% #"'$"#'11+33'$'%"f,1'4"#(+3'1)"0,";

<3%$".+1,"%"#%*0'%-0#,-,*(-90/%*0'%8+14)'%$"%2-$'%6*"%#"%2"%(+0%*0'%+1A'0-c'(-90S*1@$-('% 7%)',"1-'3% 6*"% #"% 2-0(*3'% '%+,1'#-0#,-,*(-+0"#%7%6*"%,-"0"%'%#*%2"c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

!*1'0,"%)*(&+%,-").+/%&'%#-$+%(+0#-4$"1'$+%(+)+%*0'%"f("3"0,"%2@'%$"%.1+)+4(-90%7%$"#'11+33+%$"%2'3+1"#%#+(-'3"#%7%."14#+0'3"#%7%&'0%#-$+%0*)"1+#+#%3+#%'*,+1"#6*"%&'0%#"T'3'$+%2'3+1"#%1"3'(-+0'$+#%(+0"3%$"#'11+33+%."1#+0'3/%"3%$"#(*>1-)-"0,+%73'%"$*('(-90%#+(-'3/%3+#%(*'3"#%."1$*1'1'0$*1'0,"%,+$'%3'%2-$';%P-0%")>'1A+/%X3,-)'4)"0,"%&'0%#*1A-$+%2+("#%$-#(1".'0,"#%(+0"#,'#%'8-1)'(-+0"#/%6*"%#"%>'#'0%"0%3'%.1+4A1"#-2'%1"3"2'0(-'%$"3%$".+1,"%(+)+%8"094)"0+% #+(-'3% 7% #*% 8+1)'% $"% .1'(,-('13+/.+0-"0$+%"0%,"3'%$"%S*-(-+%#*%'#."(,+%8+14)',-2+%"0%3+%1"8"1"0,"%8*0$')"0,'3)"0,"%'3+#%2'3+1"#%:,-(+#;

^\

<0%"#,'%3@0"'/%H"12-33'%'8-1)'%6*"`

g')>-:0%"3%$".+1,"%#"%&'%3->"1'$+%$"3%3-1-#4)+%$"% 3'#%2-1,*$"#%7%#"%&'%.*"#,+%'% ,+0+(+0% 3'% 39A-('% .+#)+1'3-#,'/% 0'1(-#-#,'% 7"#."(,'(*3'1;% <0% 3'% '(,*'3-$'$/% "3% $".+1,"$"%)'#'#%"#/%"0%3+%"#"0(-'3/%*0'%'(,-2-$'$$+)-0'$'%.+1%3'%>X#6*"$'%$"3%.3'("1/%$"3$-0')-#)+/%$"%3'%"f."1-"0(-'%$"%*0+%)-#4)+;% !"#.*:#% $"3% $".+1,"% $-#(-.3-0'1-+% 7)+1'3-#,'/%&"%'6*@%"3%$".+1,"%+(-+/%"3%$".+14,"% #'3*$/% "3% $".+1,"% $"#'8@+#;% ?'% ")+(-90(+1.+1'3/%"3%.3'("1/% 3'%#"0#'(-90/%"3%"6*-3-4>1-+% @0,-)+/% 3'% 8+1)'% 8@#-('% 7% .#-(+39A-('#+0% &+7% 3+#% ")>3")'#% )=#% #-A0-8-(',-2+#$"3% -0$-2-$*'3-#)+% 0'1(-#-#,';% d'% 0+% $"3$".+1,"%'1-#,+(1=,-(+/%#-0+%$"3%$".+1,"%'%3'('1,'/%"0%"3%6*"%('$'%$@'%'*)"0,'%3'%A')'$"%+8"1,'#% $-2"1#-8-('$'#% "0% 3'#% 6*"% ,+$'#.1","0$"0%"3%(*3,+%'3%(*"1.+;%O#@%"3%$".+1,"#"% &'% $"#)+1'3-c'$+/% #"% &'% 3->"1'$+% $"(*'36*-"1%-$"'3%,1'#("0$"0,"%6*"%0+%#"'%"3,1-*08+%$"3%)-#)+;%<3%$".+1,"%.*"#%.+1%#*#.1+.-'#% ('1'(,"1@#,-('#% $"% (+).",-,-2-$'$/"8-(-"0(-'/%1"(+1$/%"#."(,=(*3+%"%-0(3*#+/%$"$"#)"#*1'%8@#-('%#"%&'%(+02"1,-$+%81"(*"04,")"0,"%"0%3'%$"#0',*1'3-c'(-90%$"%3'%"$*4('(-90%8@#-('%7%.*"$"%6*"%-0(3*#+%"0%'0,-"4$*(',-2+%CH"12-33'/%[\\\/%,+)'$+%$"%H*,-:411"c/%[\\Y/%.;%h]E;

G+1% +,1'% .'1,"/% 3'% "$*('(-90% 8@#-('% "#'0,"%,+$+%"$*('(-90;%<3%&+)>1"%"f.1"#'%$"'3AX0%)+$+%#*%."(*3-'1%)'0"1'%$"%#"1%7%3'(+08+1)';% I+)+% "$*('(-90% 0+% "#/% (3'1+"#,=/% #93+%"$*('(-90%$"3%(*"1.+/% #-0+%$"3&+)>1"5% ."1+/% (+)+% 8@#-('/% 3+% "#% $"% *0')'0"1'%)*7%$-1"(,'%'%,1'2:#%$"3%(*"1.+/%"0,'0,+%:#,"%.*"$"%#"1%*0'%2@'%$"%"01-6*"(-4)-"0,+%&*)'0+%7%$"%$"#'11+33+%A3+>'3%$"3#*S",+%#-0%$"#(*-$'1%,+$+#%3+#%=)>-,+#%6*"-0,"A1'0%3'%."1#+0'3-$'$;

G+1%"#,'%1'c90/%"3%.1+8"#-+0'3%$"%3'%'(,-42-$'$%8@#-('%7%"3%$".+1,"%$">"%8+)"0,'1%"#',+,'3-$'$%8+1)',-2'%$"%"#,'%'(,-2-$'$%7%$">".1+)+2"1%3'%'$6*-#-(-90%$"%2'3+1"#%$"#"'4>3"#%'%,1'2:#%$"%#*%.1=(,-('/%#-%>-"0%$">"4)+#%#"T'3'1/%,'3%7%(+)+%$-("%_1'-3"/

(+0%3'%)"1'%.'1,-(-.'(-90%0+%#"%A'1'0,-c'%3''$6*-#-(-90% $"% 2'3+1"#% "$*(',-2+#% C_1'-3"/^BBb/%.;%YE;

O#@%)-#)+/%G",1*#%-0$-('%6*"`

#+0%3'#%(+0$-(-+0"#%$"%#*%.1=(,-('%3'#%6*"(+08-1)'0%#*#%.+#->-3-$'$"#%"$*(',-2'#;%<3$".+1,"%.*"$"%8'2+1"("1%3'%'$6*-#-(-90%$"(+).","0(-'#% #+(-'3"#% #-% #*% $-#"T+% "#% "3'$"(*'$+%CG",1*#%^BBB/%.;%Y[E;%

P-A*-"0$+% "#,'% )-#)'% 3@0"'% $"% 1"83"4f-90/%O10+3$%C^BB^E%-0$-('%6*"%"3%$".+1,".*"$"%*,-3-c'1#"%(+0%>*"0+#%7%)'3+#%.1+4.9#-,+#;% Q-"0% '.3-('$+/% .*"$"% "0#"T'11"#-#,"0(-'% 7% "#,-)*3'1% *0% #"0,-)-"0,+% $"S*"A+%3-).-+%7%*0%1"#.",+%.+1%3'#%1"A3'#/%*0"#8*"1c+%(++1$-0'$+%7%3'%#*>+1$-0'(-90%$"3+#%-0,"1"#"#%."1#+0'3"#%'%3+#%$"3%A1*.+;%!""#,'% )'0"1'/% "3% $".+1,"% (+)+% *0-2"1#'3(*3,*1'3 $"3% #-A3+%iiJ% "0A3+>'% *0% ').3-+1"."1,+1-+%$"%#@)>+3+#/%2'3+1"#/%0+1)'#%7(+).+1,')-"0,+#%6*"%3+%-$"0,-8-('0%7%$-8"41"0(-'0%(+0%0-,-$"c%$"%+,1'#%.1=(,-('#%#+(-'43"#;

<0,"0$"1%"#,+% #-A0-8-('% #"1% (+0#(-"0,"$"%#*%2'3-$"c%(+)+%&"11')-"0,'%."$'A9A-4('%0"("#'1-'%.'1'%.'1,-(-.'1%7%.1+)+2"1%*0)+$"3+%$"%1"3'(-90%"$*(',-2'%6*"%8'2+1"c4('%3'%-A*'3$'$%$"%+.+1,*0-$'$"#%'%,1'2:#%$"3'%-0,"A1'(-90%7/%'3%)-#)+%,-").+/%"3%1"(+40+(-)-"0,+%$"%3'#%-$"0,-$'$"#%)-0+1-,'1-'#'%,1'2:#%$"%3'%',"0(-90%'%#*%$-2"1#-$'$%(*34,*1'3;

?'% "#,1*(,*1'% $"3% $".+1,"% 1"83"S'% $-8"41"0,"#%"#6*")'#%$"%.'1,-(-.'(-90%7%)+$"43+#%$"%(+).+1,')-"0,+%$"%3'#%."1#+0'#%"01"3'(-90% (+0% ('$'% "#,1*(,*1'% $".+1,-2';H*,-:11"c/% "0% #*% +>1'% jk'3+1"#% #+(-'3"#% 7$".+1,"l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`%3+#%.'$1"#/3+#%$".+1,-#,'#/%3+#%+1A'0-c'$+1"#%7%3+#%.1+4

^^

8"#+1"#%7%"0,1"0'$+1"#/%'#*)-"0$+%"3%(+)4.1+)-#+% $"% #*% 8*0(-90/% 3'% "$*('(-90/% 7'#"'%$".+1,-2'%+%A"0"1'3/%,"0-"0$+%#-").1".1"#"0,"%"3%1"."1,+1-+%$"%2'3+1"#%6*"%*0'#+(-"$'$%.3*1'3-#,'/%$"%1"#.",+%7%+1-"0,'$'&'(-'%3'%-A*'3$'$/%$")'0$';%G+1%#*%.'1,"/g+11'3>'%(+0#-$"1'%6*"%3'%"f-A"0(-'%$"%3'.'1,-(-.'(-90%$"%,+$+#%3+#%#"(,+1"#%-).3-('4$+#% 8*0$')"0,'1=% "3% :f-,+% $"3% .1+7"(,+/"0,"0$-"0$+%6*"%"#,"%.1+("#+%$">"%1"'3-4c'1#"% '% ,1'2:#% $"% *0'% -0,"12"0(-90% #+(-'3A"0"1'3% 6*"% #"% 8*0$')"0,'1@'% "0% 3+##-A*-"0,"#%'.'1,'$+#`

m 0.&"1#".,$-.()"%)"( 23%(#'231"%()"( 2'4"1%3.'(5(%+(".&31.3;%I'$'%$".+1,-#4,'%"#%)=#%.1+(3-2"%'%*0'#%$","1)-0'4$'#% ('1'(,"1@#,-('#/% '3A*0'#% $"% "33'#$"1-2'$'#%$"%#*%.1+.-'%0',*1'3"c'%7+,1'#%6*"%.1+2-"0"0%$"3%')>-"0,"%"0"3% 6*"% #"% "0(*"0,1'% -0)"1#+;% G'1'"$*('1%"0%2'3+1"#%#+(-'3"#%7%."1#+40'3"#%'%3+#%S92"0"#%$".+1,-#,'#/%#"1=)*7%(+02"0-"0,"%7%X,-3%(+0+("1%6*:"#%3+%6*"%"33+#%2'3+1'0%$"%3'%'(,-2-4$'$%8@#-(+4$".+1,-2'%7%6*:%$"8-"0$"03'#%."1#+0'#%$"%#*%"0,+10+;

m 0.&"1#".,$-.(%3,$'2(6"."1'2;%!"#$"%"3=)>-,+% "$*(',-2+/% .'1'% 3+#% 2'3+1"#1"3'(-+0'$+#%(+0%"3%$".+1,"/%.*"$"0#"A*-1#"%A1'0%.'1,"%$"%3+#%"#6*")'#$-#"T'$+#%.'1'%3'%"$*('(-90%"0%2'3+41"#% $"#$"% "3% )'1(+% A"0"1'3% $"% 3'"0#"T'0c';%<3%8-0%.1-0(-.'3%$"%3'%"$*4('(-90/% (+)+% (3'1')"0,"% 2-"0""#."(-8-('$+%"0%3'%?MHP</%"#%"3%.3"40+%$"#'11+33+%$"%3'%."1#+0'3-$'$%$"3+#%'3*)0+#/%"3%$"#'11+33+%-0,"A1'3%$",+$+#%3+#%8'(,+1"#%6*"%3'%(+).+0"0`-0,"3"(,*'3/%(+1.+1'3/%#+(-'3/%'8"(,-2+7%:,-(+4)+1'3;

<0% "3% (+0,"f,+% "#(+3'1% 7% $".+1,-2+/$">")+#%'0'3-c'1%7%$"(-$-1%(*=3"#%#+0%3+#2'3+1"#% 6*"% )"1"("0% #"1% .1-+1-,'1-')"0,".+,"0(-'$+#% "0% 8*0(-90% $"% 3+#% $-8"1"0,"#.3'0,"')-"0,+#%"$*(',-2+#;%?'%"#(*"3'%-0,"4A1'$+1'%"#%.1+8*0$')"0,"%"$*(',-2'%.+146*"%1"X0"%'%0-T+#%6*"%,-"0"0%('.'(-$'$"#/

-0,"1"#"#% 7% '.,-,*$"#%)*7% $-2"1#'#% 7% 6*"&'0% $"% (+02-2-1/% ,1'>'S'1% 7% &'("1% (')-0+,+$+#%S*0,+#;%I*'0$+%3+#%'3*)0+#%#"%1"3'4(-+0'0% 7% #"% (+)*0-('0/% )*"#,1'0% #*#.+,"0(-'3-$'$"#%7%,')>-:0%#*#%3-)-,'(-+0"#7%$">-3-$'$"#5%"3%&"(&+%$"%'(".,'1%*0'#%7+,1'#%."1)-,"%3'%(+02-2"0(-'%7%3'%,+3"1'0(-'/."1+% ,')>-:0%'7*$'%'% 1"(+0+("1% 3+#%.1+4.-+#%):1-,+#%7%'%'$)-,-1%3'#%.1+.-'#%'*#"04(-'#;%<$*('1%"0%3'%$-2"1#-$'$%0+%1"#*3,'%8=(-3"0%0*"#,1'%#+(-"$'$%$"#-A*'3%7%(+).",-,-42'5%.+1%"#+%"f-#,"%*0%A1'0%'>-#)+%"0,1"%3+6*"%#"%6*-"1"%&'("1%7%3+%6*"%1"#*3,'%$"%3'.1=(,-('%$-'1-';

e+%('>"%$*$'%$"%6*"%*0+%$"%3+#%)'7+41"#%.1+>3")'#%'%3+#%6*"%#"%"081"0,'%*0%.1+48"#-+0'3%$"%3'%"0#"T'0c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c'%&*)'0'`% 3'% 8+1)'(-90-0,"A1'3;%G+1%"#,+/%#"%&'("%0"("#'1-+%6*"%"3$+("0,"% #"% &'A'% ('1A+% $"% 3'% "$*('(-90)+1'3%$"3%'3*)0+/%.1+2"7:0$+3"%'%:#,"%$"*0% #-#,")'% $"% 2'3+1"#% 6*"% 3"% ."1)-,'0'(,*'1% 7% (+).+1,'1#"% $"% 8+1)'% &+0"#,'(+0#-A+%)-#)+%7%(+0%3+#%6*"%3"%1+$"'0;

?'% ,'1"'%$"3% "$*('$+1% #*.+0"% '#*)-1*0'%#"1-"%$"%1"#.+0#'>-3-$'$"#%"0%(*'0,+%'*0'% "$*('(-90% $"% 2'3+1"#% #"% 1"8-"1";% <3$-#"T+%(*11-(*3'1%.1+.+0"%"#,'%(+0(".(-90$+0$"%

3'% "$*('(-90% #+(-'3% 7% 3'% "$*('(-90% )+1'3(+0#,-,*7"0% *0% "3")"0,+% 8*0$')"0,'3% $"3.1+("#+%"$*(',-2+/%6*"%&'%$"%."1)-,-1%'%3+#'3*)0+#% '(,*'1% (+0% (+).+1,')-"0,+#% 1"#4.+0#'>3"#%$"0,1+%$"%3'%#+(-"$'$%'(,*'3%7%$"38*,*1+/%*0'% #+(-"$'$%.3*1'3-#,'/% "0% 3'%6*"3'#%.1+.-'#%(1""0(-'#/%2'3+1'(-+0"#%7%+.(-+40"#%&'0%$"%(+02-2-1%(+0%"3%1"#.",+%'%3'#%(1"4

^[

"0(-'#%7%2'3+1"#%$"%3+#%$")=#%CI*11@(*3+%$"<$*('(-90%G1-)'1-'/%^BB[E%

$"%8+1)'%6*"%#"'%.+#->3"%-0,"A1'1#"%"0%3'#+(-"$'$/%$"%*0'%8+1)'%3->1"%7%,+3"1'0,"/%#->-"0% ,+$+%"#,+%0+%"#%.+#->3"%#-%0+%"f-#,"*0'%(+3'>+1'(-90/%(++1$-0'(-90%"%-0,"A1'4(-90%(+0%3'%8')-3-';

e+%+>#,'0,"/%$">")+#%,')>-:0%(+0#-4$"1'1% *0+% $"% 3+#% -0#,1*)"0,+#% 6*"% "3$+("0,"%*,-3-c'%"0%"#,"%")."T+`%"3%(*11@(*43+;% O&+1'% >-"0/% ,+$'% 2"c% 6*"% 0+#% &")+##-,*'$+/%0*"#,1+%.*0,+%$"%.'1,-$'/%"3%.1+4>3")'%6*"%0+#%.3'0,"')+#%"#%"3%#-A*-"0,"`n#"%1"83"S'%*0'%"$*('(-90%"0%2'3+1"#%'%,1'42:#% $"3% (*11@(*3+% $"% <$*('(-90% _@#-('o% P-"#,+%"#%'#@/%n'%6*:%2'3+1"#%#"%3"#%+,+1A'%)=#-).+1,'0(-'o%

<?%IMeI<GgM%!<%789:!(

<0%3'%#+(-"$'$%'(,*'3/%3+#%2'3+1"#%7%(1""04(-'#% "#,=0% .1"#"0,"#% (+0% *0'% (+0#,'0(-'-0"f+1'>3"5% 2-2-)+#% -0)"1#+#% "0% "33+#% 70*"#,1'%2-$'%#"%2"%$","1)-0'$'%.+1%*0'%-$"4+3+A@'%.1+.-'%$"3%,-").+%"0%"3%6*"%#"%$"#4'11+33'%7%$"3%(+0,"f,+%"0%"3%6*"%0+#%"0(+04,1')+#;% g'3% 7% (+)+% '8-1)'% H9)"c% K-S+/(+0#,'0,")"0,"%"#,')+#%#-"0$+%'>+1$'$+#.+1%*0'%#"1-"%8"09)"0+#%7%$"%&"(&+#%6*"(+0#-$"1')+#% j$"#"'>3"#l5% '#@/% 3'% #+(-"$'$+((-$"0,'3%'(,*'3%#"%('1'(,"1-c'%.+1%"3%(+04#*)-#)+/%"3%)',"1-'3-#)+/%"3%&"$+0-#)+/%"30'1(-#-#)+;;;/%'3A+%6*"/%"0%)*(&+#%('#+#/%"#'S"0+%'%0+#+,1+#%C(+)+%.'1,"%$"%*0'%'(*34,*1'(-90E% 7/% #-0% ")>'1A+/% 3+% '(".,')+#(+)+%.1+.-+%7%$"(3'1')+#%(+)+%3"A@,-)+;

k'3+1 "#%*0%,:1)-0+%.+3-#:)-(+%7/%.+1"0$"/%'>'1('%*0'%A1'0%('0,-$'$%$"%#-A0-8-4('$+#%6*"%.*"$"0%$'1%3*A'1%'%$"#(+0,"f4,*'3-c'1%#*%#"0,-$+;%I+0%"3%8-0%$"%+81"("1%'33"(,+1%*0'%.+#,*1'%"#(3'1"("$+1'%'("1('%$"(*=3%"#%"3%#-A0-8-('$+%6*"%$-#,-0,'#%$-#(-.3-40'#%+,+1A'0%'3%(+0(".,+%$"%2'3+1/%'%(+0,-40*'(-90/%7%#-A*-"0$+%'%H9)"c%K-S+/%.+$"4)+#%2"1%3'#%$-8"1"0,"#%'(".(-+0"#%6*"%"#",:1)-0+% ,-"0"% "0% 8*0(-90%$"% 3'% $-#(-.3-0'6*"%3+%'0'3-c'`

*/'/&/(/

O3('0("% $"% 3'% #-A0-8-('(-90% +% -).+1,'0(-'$"% *0'% (+#'/% '((-90/% .'3'>1'% +% 81'#"C!;K;O;<;/%^BB[E;

+#21"!"34&

J0,"1:#% 6*"% (+0$*("% '% *0% +>S",+5% "#,-)'6*"%#"%,-"0"%.+1%*0'%."1#+0'C?'1+*##"/%^BBbE;F0%8-0%A"0"1'3-c'$+%6*"%A*@'%"3%(+).+1,'4)-"0,+%&'(-'%3'%*0-8+1)-$'$%"0%*0'%$-2"1#-4$'$%$"% #-,*'(-+0"#/% (+0%+>S",+%$"% 1".",-1$","1)-0'$'% #',-#8'((-90% '*,+#*8-(-"0,"C_'33$-0A%(-,;%.+1%O(*T'/%^BB]E;

#"12"!"34&

<0%#"0,-$+%#+(-+(*3,*1'3/%7%$"#$"%*0%.*0,+$"%2-#,'% #+(-+39A-(+/% 8-0"#%7%+1-"0,'(-+0"#8*0$')"0,'3"#/%A"0"1'3"#%7%("0,1'3"#%$"%3'#'((-+0"#% &*)'0'#% 7% $"% 3'% (+02-2"0(-'#+(-'3%$"0,1+%$"%*0'%#*>(*3,*1'/%*0'%(*3,*41'%+%-0(3*#+%"0%"3%(+0S*0,+%$"%3'%&*)'0-4$'$;% CpE% ?+#% 2'3+1"#/% .+1% ,'0,+/% "#,=0$","1)-0'$+#%.+1%3'%&-#,+1-'/%#+0%(*3,*1'34)"0,"%1"3',-2+#%7%(')>-'0,"#%7/%"0%(+0#"4(*"0(-'/% .*"$"0% #"1% (+08-A*1'$+#% (+0#4(-"0,")"0,"%Cq-33)'00/%[\\^E;I+0(".,+#%+%(1""0(-'#%#+>1"%"#,'$+#%8-0'3"#+%(+0$*(,'#%$"#"'>3"#%6*"%,1'#(-"0$"0%3'##-,*'(-+0"#%(+0(1",'#/%A*@'0%3'%#"3"((-90%+"2'3*'(-90%$"%3'%(+0$*(,'%7%3+#%"2"0,+#/%7"#,=0%+1$"0'$+#%.+1%#*%-).+1,'0(-'%1"3',-2'CP(&V'1,c%7%Q-3#W7%(-,;%.+1%H*,-:11"c/%[\\YE;

+#21"!"34& #"12&!

F0%2'3+1%"#%*0'%(1""0(-'%$*1'$"1'%"0%6*"*0%)+$+%"#."(@8-(+%$"%(+0$*(,'%+%"#,'$+8-0'3%$"%"f-#,"0(-'%"#%."1#+0'3%+%#+(-'3)"04,"%.1"8"1->3"%'%*0%+.*"#,+%)+$+%$"%(+04$*(,'%+%"#,'$+%8-0'3%$"%"f-#,"0(-'%CK+W"'(&(-,;%.+1%H*,-:11"c/%[\\YE;

12()12&# *( !& (*-1&125)

?+#%2'3+1"#%#+0%3+#%(1-,"1-+#/%3+#%."0#')-"04,+#/%3'#%$"(-#-+0"#%6*"%."1)-,"0%(3'1-8-('1%7

^Y

'("1,'1%6*:%"#%3+%6*"%#"%$">"%.+,"0(-'1%"0*0'%(*3,*1'%(+)+%"$*(',-2+%CpE%.'1'%6*""3%#"1%&*)'0+%#"%$"#'11+33"%7%."18"((-+0"/"#,+% "#/% #"% "$*6*"% C_3+1"#% 7% H*,-:11"c/^BB\/%.;%^;hahE;

I+)+%2")+#/%.+1%2'3+1%.+$")+#%-0,"14.1",'1%'6*"33+%6*"/%"0%#*%#"0,-$+%)=#%.1=(4,-(+/%#"%("0,1'%)=#%"0%*0%)"$-+%.'1'%3'%(+04#"(*(-90%+% 1"'3-c'(-90%$"%'3A+%6*"%(+)+*0'%(+0$*(,'%(+0%*0%.1+.-+%8-0/%#"T'3'0$+/7%,+$+#%3+#%'*,+1"#%(+-0(-$"0/%"3%#'231((+)+'6*"33+#% -$"'3"#% $"#"'>3"#% 6*"/% #-"0$+(+).'1,-$+#% .+1% 3+#% )-")>1+#% $"% *0'#+(-"$'$%7r+%(*3,*1'/%,-"0$"0%'%(+0(1",-c'1*0%$","1)-0'$+%)+$+%$"%(+).+1,')-"0,+;

_"11',"1% L+1'% ',1->*7"% *0'% #"1-"% $"('1'(,"1@#,-('#% '3% (+0(".,+% 2'3+1% $"% "0,1"3'#% (*'3"#% (1"")+#% 0"("#'1-+% #"T'3'1`% "2#'2"1( C(+0#-$"1'0% '3A+% (+)+% $"#"'>3"E/3;<"&$#$)')/% .3=$.)"4".)".,$'/( 432'1$)')C'% *0% 2'3+1% 3"% (+11"#.+0$"% #*% +.*"#,+E/,+'2$)')/( 5( <"1'1>+?'( C0+% ,+$+#% 2'3"0-A*'3E%C_"11',"1%L+1'/%^BB\E;

G+1% +,1+% .'1,"/% 0+#% "0(+0,1')+#% (+0+,1+#%(+0(".,+#%(+)+%#+0%3'#%'(,-,*$"#/%3'#(1""0(-'#%7%3'#%0+1)'#/%3'#%(*'3"#%)*(&'#2"("#% #"% *,-3-c'0% "0% 3*A'1% $"3% (+0(".,+2'3+1/%."1+%6*"%"0%0-0AX0%('#+%#+0%#-090-4)+#%$"3%)-#)+;

I+0%81"(*"0(-'/%"#,+#%,:1)-0+#%#*"3"0(+08*0$-1#"/% &'#,'% "3% .*0,+% $"% *,-3-c'1#"(+)+%#*#,-,*,-2+#%$"3%)-#)+;%O%(+0,-0*'4(-90/%2"1")+#%(*=3%"#%3'%$"8-0-(-90%$"%('$'*0+%7%"0%6*:%#"%$-8"1"0(-'0%"0,1"%"33+#%7(+0%1"#."(,+%'3%(+0(".,+%#'231@

I+0%1"#."(,+%'%3'#%',&$&+)"%/%#"%.*"$"$"(-1% 6*"% #+0% 8"09)"0+#% .#-(+#+(-'3"#-0,1'4."1#+0'3"#%(+08+1)'$+#%'%.'1,-1%$"%3'-0,"1'((-90% $"3% #*S",+% (+0% "3% ')>-"0,"CH*,-:11"c/%[\\YE;

?'%$-8"1"0(-'%(+0%"3%2'3+1%"#%"3%0-2"3%$"(1""0(-'#%6*"%3'%(+).+0"0;%O#@/%)-"0,1'#3+#%2'3+1"#%#"%1"8-"1"0%'%(1""0(-'#%,1'#("04$"0,"#% 7% X3,-)'#/% 3'#% '(,-,*$"#% '3*$"0% '(1""0(-'#%(+0%1"#."(,+%'%."1#+0'#%+%#-,*'4(-+0"#%(+0(1",'#%3'#%(*'3"#%+1-"0,'0%7%(+04$-(-+0'0%3'%2-$'%$"%3+#%-0$-2-$*+#%$"%*0'$","1)-0'$'% )'0"1'/% 3+% (*'3% 33"2'% '% 3'#

."1#+0'#%'%'$+.,'1%$","1)-0'$+#%(+).+14,')-"0,+#% "0% 8*0(-90%$"% #*% (1""0(-'% (+01"#."(,+% '% *0'% '(,-2-$'$% (+0(1",'% +% '% 3'2-$'%"0%A"0"1'3;

G+1%+,1'%.'1,"/%3'#%0+1)'#%#+0%'6*"33'#.'*,'#%$"%(+0$*(,'%6*"%A"0"1'0%*0%#"0,-4$+%$"%(*).3-)-"0,+`%

1"A3'#/%"#,=0$'1"#/%"f."(,',-2'#%+%A*@'#%6*"$"8-0"0%3'#%#-,*'(-+0"#%#+(-'3"#;%P+0%.'*,'#'>#,1'(,'#%$"%*0'%(+0$*(,'%"#."(@8-('%#-,*'4$'%"0%3'%)"0,"%$"3%'(,+1/%6*"%'$6*-1-9%#*#"f."(,',-2'#% 0+1)',-2'#% $"% +,1+#% C.'$1"#/(+).'T"1+#/%)'"#,1+#/%",(;E5%."1+/%*0'%2"c-0,"1-+1-c'$'#/%3'#%0+1)'#%(1"'0%"0%3'%."14#+0'% *0% #"0,-$+% $"% +>3-A'(-90% CO(*T'^BB]E;

q-33)'00%3'#%$"8-0"%(+)+%

(+0$*(,'#%"f-A-$'#%.+1%"3%"0,+10+%#+(-'3%+.+1% 3+#% (+).'T"1+#% $"% -0,"1'((-90% '% 3'#6*"%$"#")."T'0% 1+3"#%*%+(*.'0%.+#-(-+40"#%#+(-'3"#%Cq-33)'0%[\\^E;%

G+1%3+%,'0,+/%3'%$-8"1"0(-'%"0,1"%2'3+1"#7%0+1)'#%"#,1->'%"0%6*"%3+#%.1-)"1+#%#+0"S").3+#%$"%(+0$*(,'%7%3'#%#"A*0$'#/%#-0")>'1A+/% #+0% .'1,-(*3'1-c'(-+0"#% $"% 3+#.1-)"1+#%6*"%3+#%.+,"0(-'0%7%'8-'0c'0;

<?%IFKKsIF?M%IMLM%<?<L<egMJeg<HKO!MK%!<%?MP%kO?MK<P

H'1(@'% K*#+% (+0#-$"1'% "3% (*11@(*3+% (+)+*0'%(+0#,1*((-90%&-#,91-('/%#+(-'3%7%(*3,*1'36*"% $">"% ."1)-,-1% "08+('1% 7% +1A'0-c'1% 3'.1'f-#%"$*(',-2'/%-).3-('0$+%3'%1"'3-c'(-90$-'3:(,-('%$"%"3")"0,+#%(+)+%3'%,"+1@'%7%3'.1=(,-('/% 3'% "$*('(-90% 7% 3'% #+(-"$'$/% #*14A-"0$+%.+1% 3+% ,'0,+%'0,"% 3'%0"("#-$'$%$"*0'%+1A'0-c'(-90%7%"0%3'%,1'0#)-#-90%$"%3'(*3,*1'%#+(-'3;

G+$")+#%"0(+0,1'1%+,1'#%$"8-0-(-+0"#6*"%0+#%'7*$'1=0%'%(+).1"0$"1%3'%2-#-90"%-).+1,'0(-'%$"3%(*11@(*3+%"0%3'%'(,*'3-4$'$;

!"8-0-)+#%"3%(*11@(*3+%(+)+%3'% 8+1)'3-c'4(-90%$"%3'%,"+1@'%7%.1=(,-('%"$*(',-2'%"#(+43'1%C?+1"0c+%!"3A'$+/%^BB]/%.;%^[hE;

^]

G'1'%"#,"%X3,-)+%'*,+1/%"#,1*(,*1'1%7%$'1(+&"1"0(-'%'%3'%"0#"T'0c'%#*.+0"%"%-).3-4('%'3%)"0+#%3'#%#-A*-"0,"#%(*"#,-+0"#`

t <3%(*11@(*3+%0+%"#%#93+%*0%.1+$*(,+"0%"3%6*"%#"%-0$-('%3+%6*"%"3%'3*)0+$">'% '.1"0$"1% "0% 3'% "#(*"3';% <##+>1"% ,+$+%*0'% '(,-2-$'$%)"$-'0,"3'%(*'3%3'%"#(*"3'`

m P+(-'3-c'% '% 3'#%0*"2'#%A"0"1'(-+40"#

m g1'0#)-,"%3'%(*3,*1'm P-#,")',-c'%3+#%.1+("#+#%$"%"0#"4

T'0c'%7%'.1"0$-c'S";

t ?'%'(,-2-$'$%$"%$'1%8+1)'/%$"%(1-#,'43-c'1%"0%3'%.1=(,-('%*0'%$","1)-0'$'(+0(".(-90%,"91-('%$"%3'%"0#"T'0c'6*"%"#%"3%(*11@(*3+%"#%$"%0',*1'3"c'(+).3"S'%7%$-0=)-(';

t <0%"3%2+('>3+%"#(+3'1%*,-3-c'$+%.'1'3'% $"8-0-(-90%$"3% (*11@(*3+% #"% 1"(+4A"0% (+0,"f,+#% "0% 3+#% 6*"% 3'% "0#"4T'0c'% '$6*-"1"% $-8"1"0,"#% 8+1)'#/#*% 8+1)'3-c'(-90/%$"%)'0"1'% -0,"04(-+0'3% 7% #-#,")=,-('/% "0,1'0$+% "0S*"A+%,1"#%(+0,"f,+#`

m ?'%#+(-"$'$%(+0%#*#%"#,1*(,*1'#%7#*%$-0=)-('%$"%-$"+3+A@'#/%.+$"1.+3@,-(+/%A1*.+#%$+)-0'0,"#/%",(;

m ?'% "#(*"3'% ,1'$*("% 7% 1"-0,"1.1",'3'#%.1+.*"#,'#%+8-(-'3"#%$"3%(*11@(*43+;

m <3% '*3'%$+0$"% #"% 33"2'%'% ('>+% 3'.1=(,-('%)=#%$-1"(,';%

t <f-#,"% *0'% #"1-"% $"% (*"#,-+0"#% 6*"$">"0% ,"0"1% 1"#.*"#,'% .'1'% .+$"1(+08-A*1'1%*0'%$","1)-0'$'%(+0(".4(-90% $"% 3'% "0#"T'0c'/%)=#% 'X0% #-,"0")+#% "0% (*"0,'% 6*"% 3'% .1+.-'?MHP<%"0%#*%'1,@(*3+%];^%1"(+A"%6*"`

O%3+#%"8"(,+#%$"%3+%$-#.*"#,+%"0%"#,'%3"7/%#""0,-"0$"%.+1%(*11@(*3+%"3%(+0S*0,+%$"%+>S"4,-2+#/%(+0,"0-$+#/%):,+$+#%."$'A9A-(+#%7(1-,"1-+#%$"%"2'3*'(-90%$"%('$'%*0+%$"%3+#0-2"3"#/%",'.'#/%(-(3+#/%A1'$+#%7%)+$'3-$'4$"#% $"3% #-#,")'% "$*(',-2+% 6*"% 1"A*3'0% 3'.1=(,-('%$+("0,";

!"% '(*"1$+% (+0% e'2'11+% O$"3'0,'$+C[\\[E/%3'#%$-#,-0,'#%$"8-0-(-+0"#%$"%(*11@(*43+% #"% .*"$"0% 'A1*.'1% "0% ,1"#% =)>-,+#`(+)+% (+0,"0-$+/% (+)+% .3'0-8-('(-90% 7(+)+%1"'3-$'$%-0,"1'(,-2'%"0%3'%(*'3%"0,1'0"0%S*"A+%3+#%2'3+1"#%7%#*%.+,"0(-'(-90%$"('1'%'%3+#%'3*)0+#%6*"%#"%8+1)'0;

?MP%kO?MK<P%<e%?O%GKRIgJIO!<GMKgJkO

<f-#,"0% $-8"1"0,"#% .3'0,"')-"0,+#% .'1'"f,1'"1%3+#%2'3+1"#%1"3"2'0,"#%$"%3'%.1=(,-('8@#-(+4$".+1,-2'%7%"0%8*0(-90%$"%"#,+#%.3'04,"')-"0,+#%"0(+0,1')+#%$-8"1"0,"#%(3'#-8-4('(-+0"#%7%1"(+.-3'(-+0"#%$"%:#,+#;%O#@/%*0.1-)"1%.1+("$-)-"0,+%"#%)"$-'0,"%3'#%(+04(3*#-+0"#%"f,1'@$'#%$"%8+1+#%(-"0,@8-(+#%"03+#%6*"%.'1,-(-.'0%"f."1,+#%#+>1"%"3%,")'%7'.+1,'0%#*#%.1+.-+#%1"."1,+1-+#%$"%2'3+1"#5$"%-A*'3%)+$+/%"#,'%.1+.*"#,'%.*"$"%#*1A-1$"%3'%"0,1"2-#,'%$-1"(,'%+%-0$-1"(,'%'%3+#%.'14,-(-.'0,"#%$"%$-8"1"0,"#%$".+1,"#/%'%3+#%(*'43"#%#"%3"#%-0,"11+A'%#+>1"%'#."(,+#%1"3"2'04,"#%$"% 3'%.1=(,-('%$".+1,-2'5% 3'%*,-3-c'(-90$"%"#('3'#%7%(*"#,-+0'1-+#%."1)-,"%+>,"0"1(+0(3*#-+0"#%#+>1"%3+#%2'3+1"#%$"%3'%"$*('4(-90%8@#-('%7%3+#%$".+1,"#/%7/%.+1%*3,-)+/%*,-43-c'0$+% "3% '0=3-#-#% $"% 3'#%)'0-8"#,'(-+0"#$".+1,-2'#% ,'0,+% "0% ,-").+% 1"'3% (+)+)"$-'0,"%"3%*#+%$"%8-3)'(-+0"#;

O% (+0,-0*'(-90% .1"#"0,')+#% '3A*0'#$"% 3'#% (3'#-8-('(-+0"#% $"% 3+#% 2'3+1"#% 6*"&'0%#-$+%1"(+A-$'#%.+1%$-8"1"0,"#%'*,+1"#`

^Z

IMeI?FPJMe<P

I+)+% .+$")+#% 2"1/% #+0% 0*)"1+#+#% 3+#'*,+1"#%6*"%.+0"0%$"%)'0-8-"#,+%3'%.+#->-43-$'$%$"%'>+1$'1%$"#$"%3'%"$*('(-90%8@#-('7%"3%$".+1,"%"3%$"#'11+33+%$"%2'3+1"#/%>-"0$"#$"%*0'%."1#."(,-2'%A"0"1'3/%>-"0% 1"3'4(-+0=0$+3+% (+0% ,")'#% ,1'0#2"1#'3"#% $"3(*11@(*3+%+%>-"0%$"#$"%*0'%."1#."(,-2'%.'14,-(*3'1% 7% .+1)"0+1-c'$'% 6*"% -0(3*7"% 3'

(','3+A'(-90% $"% "#,+#% 2'3+1"#;% P-"0$+% "3(+0,"f,+%$"%3'%.1=(,-('%$".+1,-2'%*0%"f("43"0,"% 3*A'1% .'1'% "3% $"#'11+33+% $"% 2'3+1"##+(-'3"#%7%."1#+0'3"#%$"%'3*)0+#%7%$".+14,-#,'#/% "#% 0"("#'1-+% .+0"1% *0'% -0,"0(-90.1"(-#'%"0%3'%"$*('(-90%$"%"#,+#%2'3+1"#5%#-3+%6*"%6*"1")+#%"#%*0'%'$6*-#-(-90%$"%3+#)-#)+#/% 0+% #93+% 3'% .1=(,-('% 3+% A'1'0,-c'5$">"%"f-#,-1%*0'%-0,"0(-+0'3-$'$%7%+1A'0-4c'(-90%'%,'3%"8"(,+;

^b

gOQ?O%J7'231"%()"(2'(41A,&$,'()"431&$#'/(1",34$2')3%(431(B13%&(5(C$D%(EFGHIJ

P"% $">"1@'% .+,"0(-'1% "3% $"#'11+33+% $""#,+#%2'3+1"#%$"#$"%3+#%(*11@(*3+#%"$*(',-42+#%$"% 3'#%$-8"1"0,"#%",'.'#/% (+0(1",'0$+3+#%(+0,"0-$+#%1"8"1"0,"#%'%3+#%)-#)+#%$"*0'% 8+1)'% "f.3@(-,'/% (+0(-"0(-'0$+% '% 3+#.1+8"#+1"#%7%"0,1"0'$+1"#%$"%#*%.'."3%$"04,1+%$"%"#,"%$"#'11+33+%7%$"%3+%$","1)-0'0,"#6*"%#+0%#*#%.+#,*1'#%'3%1"#."(,+%$"%('1'%'

3+#% '3*)0+#% 7% $".+1,-#,'#/% $"#'11+33'0$+3+#%2'3+1"#%'*,:0,-(+#%$"3%$".+1,"%7%1"3',-42-c'0$+%3'%-083*"0(-'%$"%8'(,+1"#%"f,"10+#/(+)+/%.+1%"S").3+/%3'#%1"(+)."0#'#%"(+409)-('#/%"0%"3%$"#'11+33+%$"%"#,+#%2'3+1"#;

<#,'%(+0(-"0(-'(-90%.'#'%.+1%$"S'1%(3'41+%6*"%"3%$".+1,"%.+1%#@%#93+%0+%"$*('5%#+03+#%.1+8"#+1"#%7%"0,1"0'$+1"#/%3+#%.'$1"#%7

^h

gOQ?O%JJ7'231"%(,3.%$)"1')3%(431(K-D"L(!$<3(EMNNOJ/(1"2',$3.')3(,3.(23%(#'231"%(41"%".&"%

".("2(,+11?,+23()"(*)+,',$-.(B?%$,'(4'1'(41$D'1$'

gOQ?O%JJJ7'231"%(,3.%$)"1')3%(".(2'(*)+,',$-.(B?%$,'(5(23%()"431&"%(431(K+&$P11"L(EFGGQJ

3'#% )'$1"#% 3+#% 1"#.+0#'>3"#% $"% 6*"% "#,+#*("$'%7/%.+1%3+%,'0,+/%#*%(++1$-0'(-90%"#8*0$')"0,'3;%!"%-A*'3%8+1)'/%.'1"("%(3'1+'3%'0'3-c'1%3+#%(+0(".,+#%1"3'(-+0'$+#%(+0"#,"%,:1)-0+%6*"%*0%.3'0,"')-"0,+%*0-3',"41'3%$"%3+#%)-#)+#%0+%(+0$*(-1@'%'%3+#%8-0"#$"#"'$+#/%$">-"0$+%.1+)+2"1%#*%$"#'11+433+%$"#$"%*0%.3'0,"')-"0,+%A"0"1'3%"0%"36*"% ,+$+#% 3+#% "#,')"0,+#% -02+3*(1'$+#'X0"0%"#8*"1c+#/%-0#,-,*(-+0"#%"$*(',-2'#%7$".+1,-2'#/%,:(0-(+#/%"0,1"0'$+1"#%7%.1+8"4#+1"#/% 7% 8')-3-'#% +81"(-"0$+% .1+A1')'#% 7'(,-2-$'$"#% (+0#"0#*'$+#% 7% +1A'0-c'$+#$"%'(,-2-$'$"#;

?'% ,1'#)-#-90%$"%2'3+1"#%)"$-'0,"% 3'.1=(,-('%$".+1,-2'/%"3%$"#'11+33+%$"%2'3+1"#."1#+0'3"#% 7% #+(-'3"#% $">"% &'("1#")"$-'0,"%*0%.3'0,"')-"0,+%6*"%(+0#-$"1"3'#% ('1'(,"1@#,-('#% 7% (-1(*0#,'0(-'#%$"% 3+#'3*)0+#%7%$".+1,-#,'#/%3'#%$"3%(+0,"f,+/%73'#%$"%3+#%'A"0,"#%-).3-('$+#%"0%"3%)-#)+/$"%8+1)'%6*"%#"%A"0"1"0%*0'#%$-1"(,1-("#.1"(-#'#%6*"%8+)"0,"0%"#"%A1'0%.+,"0(-'36*"%',"#+1'%3'%.1=(,-('%$".+1,-2';

QJQ?JMHKO_sO

OIFuO/%O;`%B+.)'D".&3%(%3,$3=,+2&+1'2"%()"2'(D3&1$,$)')(R+D'.'(5("2()"431&";%H1'40'$'/%F0-2"1#-$'$%$"%H1'0'$'/%^BB];

OKeM?!/%G;`%S+"143/(D3#$D$".&3(5(,+11?,+=23;%L'$1-$/%L+1','/^BB^;

Q?RNvF<N/%!;`%9'($.$,$',$-.()"431&$#'(5("2)"431&"("%,32'1;%Q'1("3+0'/%J0$"/%^BBZ;

!JIIJMeOKJM%!<%?O K<O? OIO!<LJO <PGOuM?O

!<% ?O ?<eHFO/% k-A:#-)'% .1-)"1'% "$-4(-90;%L'$1-$/%<#.'#'%I'3."/%^BB[;

!JIIJMeOKJM% !< GPJIM?MHsO;% Q'1("3+0'/?'1+*##"/%^BBb;

_<KKOg<K LMKO/%w;`%T$,,$3.'1$3()"(B$23%3U?'@L'$1-$/%<$-,+1-'3%O3-'0c'/%^BB\;

_?MK<P/%H;5%HFgJxKK<N/%?;%C$-1#;E`%T$,,$3.'=1$3( )"( S$".,$'%( )"( 2'( *)+,',$-.@L'$1-$/%G'*3-0"#/%^BB\;

_KOJ?</%O;`%V.'(4134+"%&'()"(W+"63%(*%,32'=1"%(4'1'( 2'(*)+,',$-.(X1$D'1$';%F0-42"1#-$'$%$"%k'33'$+3-$/%^BBb;

_KMPg/%K;%Q;5%PJLP/%<;%w;/%"0%HFgJxKK<N/%L;`Y'.+'2( %3;1"( ")+,',$-.( U?%$,'( 5( "2)"431&";%Q'1("3+0'/%G'-$+#/%[\\Y;

HOKIsO KFPM/%q;%Ly`%j!-8"1"0,"#%."1#."(,-42'#%'("1('%$"%3'%,"+1@'%(*11-(*3'1%"0%"3(').+% $"% 3'% <$*('(-90% _@#-('l/% "0KML<KM% P; C(++1E`% T$)A,&$,'( )"( 2'*)+,',$-.( B?%$,'Z( )$%"[3%( ,+11$,+2'=1"%( )"( 41$D'1$';% P"2-33'/% z'0("*3"0/^BB];

H<KkJ??O/%<;`%7'231"%()"2(,+"143(")+,'.)3;Q'1("3+0'/%q"1$"1/%[\\\;

H{L<N KJwM/%O`%*)+,',$-.(B?%$,'(5(#'23=1"%Z('.A2$%$%()"(2'(41"%".,$'()"(#'231"%".( "2( ,+11?,+23( )"( ")+,',$-.( U?%$,'4'1'(2'("&'4'()"(41$D'1$'()"(2'(S3D+=.$)')( S'.'1$';% I+)*0-('(-90% .1"4#"0,'$'%'3%iiJ%I+0A1"#+%e'(-+0'3%$"<$*('(-90% _@#-(';% G*"1,+% $"% 3'% I1*c/[\\Y;

HFgJxKK<N/% L;`% 7'231"%( %3,$'2"%( 5( )"431&"@L'$1-$/%H7)0+#%^BBZ;

| Y'.+'2(%3;1"(#'231"%(".(2'(")+,',$-.U?%$,'( 5( "2( )"431&"@(Q'1("3+0'/% G'-$+#/[\\Y;

qJ??LOee/%};%C$-1;E`%T$,,$3.'1$3(".,$,234P=)$,3()"( %3,$3236?'@(Q'1("3+0'/%q"1$"1/[\\^;

?MK<eNM !<?HO!M/% L;`% j?+#% 8*0$')"0,+#$"3% (*11@(*3+l/% "0% T$)A,&$,'( 6"."1'2/+.( ".U3>+"( ,+11$,+2'1( )"( CA".L\'11$3/(:@ O3(+7/%L'18-3/%^BB];

L<I`%T";'&"()"2(T@S@\@Z(0.U31D"(5(C?.&"%$%;L'$1-$/%L<I/%^BB^;

| T",1"&3()"2(S+11$,+2+D;%L'$1-$/%L<I/^BB[;

eOkOKKM/% k;5% _<KeRe!<N/% H;`% j?'% "2'3*'4(-90%$"% 3'#%"#,1',"A-'#%"0%<$*('(-90_@#-('l/%"0%!"#$%&'(84+.&%/(*)+,',$-.B?%$,'( 5(T"431&"%/% Y^% C^BBYE/% ..;% [h4Ya;

G<gKFP/% O;`% j<3% $".+1,"% (+)+% 8'(,+1% $"#+(-'3-c'(-90l/%"0%gMLOP/%w; C"$;E`%]1'%=&31.3%(431(';+%3(%"^+'2(".(2'($.U'.,$'5(')32"%,".,$'@(7'231(")+,'&$#3()"2(<+"=63( 5( )"2( )"431&";% Q'1("3+0'/% ?'"1,"#/^BBB/%..;%Z4[\;

^a

PReIq<N I<K<NM/% P;% C$-1;E`%T$,,$3.'1$3()"2'%( ,$".,$'%( )"( 2'( ")+,',$-.@(L'$1-$/P'0,-33'0'/%^Baa;

gMKKO?QO wMK!Re/%L;%O;`%*2()"431&"(4'1'=2?D4$,3Z( 4'1')$6D'( )"( $.&"61',$-.%3,$'2@ I+)*0-('(-90% .1"#"0,'$'% '3iiJ%I+0A1"#+%e'(-+0'3%$"%<$*('(-90_@#-(';%G*"1,+%$"%3'%I1*c/%[\\Y;

^B