ࡱ > h j g #` bjbj\.\. 1 >D >D *7 & 7 7 7 8 7 8 | L
9 : " >: >: : o o o $ B h > ! }p so ^ o }p }p >: : 4 x x x }p >: ^ : x }p x x ~ l : 8 p pD 7 r O * ۀ 0 L y * t X T 8 o o x o o ~ o o o Qx j o o o L }p }p }p }p ' b7 d b7 &5;L @01>BK: >7=0:><8BLAO A O2;5=859 >?B8G5A:>9 0:B82=>AB8.
040G0: >?@545;8BL C45;L=>5 2@0I5=85 @0AB2>@0 A0E0@0 2 2>45 8 :>=F5=B@0F8N A0E0@0 2 2>4=>@5.
@81>@K 8 ?@8=04;56=>AB8: ?>;CB5=52>9 ?>;O@8@>45 A 8725AB=>9 :>=F5=B@0F859 ( 3/ A4=K@>9 :>=F5=B@0F88, ;C?0 4;O A=OB8O >BAG5B>2.
)/ '!",
AB5AB25==>9 >?B8G5A:>9 0:B82=>ABLN =07K205BAO A?>A>1=>ABL A@54K 2K7K20BL 2@0I5=85 ?;>A:>AB8 ?>;O@870F88 ?@>E>4OI53> G5@57 =55 ;8=59=>- ?>;O@87>20==>3> A25B0. "0:85 A@54K ?>;CG8;8 =0720=85 >?B8G5A:8 0:B82=KE. 8E G8A;C ?@8=04;560B :0: B25@4K5 ( =0?@820@L) , B0: 8 684:85 B5;0 ( =0?@8@ A0E0@0 2 2>45) .
;>A:>ABL ?>;O@870F88 - MB> ?;>A:>ABL :>;510=89 M;5:B@8G5A:>3> ( A25B>2>3>) 25:B>@0 ;8=59=>- ?>;O@87>20==>9 A25B>2>9 2>;=K, :>B>@0O 65B 1KBL ?>;CG5=0 87 5AB5AB25==>9 A25B>2>9 2>;=K A ?>ILN ?>;O@870B>@0. "8?K ?>;O@870B>@>2 25AL<0 3>G8A;5==K 8 @07=>>1@07=K. 081>;LH55 @0A?@>AB@0=5=85 ?>;CG8;8 ?;5=>G=K5 ?>;O@870B>@K- ?>;O@>84K.
$5=>;>38G5A:>5 ( A:>?8G5A:>5) >1JOA=5=85 5AB5AB25==>9 >?B8G5A:>9 0:B82=>AB8 1K;> 40=> $@5=5;5:070;, GB> 5AB5AB25==0O >?B8G5A:0O 0:B82=>ABL O2;O5BAO >A>1K9=>3> ;CG5?@5;>?B8G5A:8 0:B82=KE A@540E A:>@>ABL @0A?@>AB@0=5=8O A25B0 @07;8G=0 4;O ;CG59, ?>;O@87>20==KE ?> ?@02>3> ?>:070B5;8 ?@5;><;5=8O MB8E ;CG59 B0:65 8- ?>;O@87>20==K9 A25B 6=> ?@54AB028BL :0: AC?5@?>78F8N 42CE 2>;= A >48=0:>2KB0<8 8 0<?;8BC404=0 87 :>B>@KE >1;0405B ?@02>9, 0 4@C30O - ;52>9 F8@:C;O@=>9 ?>;O@870F859. 0 @8A. 1 , 0 >1>7=0G5=K: E M B E D E q u a t i o n . 3 A25B>2>9 25:B>@ ;52>9 A>AB02;ONI59, E M B E D E q u a t i o n . 3 ?@02>9, =0?@02;5=85 AC<3> 25:B>@0 E M B E D E q u a t i o n . 3 . A;8 A:>@>ABL @0A?@>AB@0=5=8O >158E A>AB02;ONI8E =5>48=0:>20, B> ?> E>645=8O G5@57 25I5AB20 >48= 87 25:B>@>2, =0?@8BAB020BL 2 A2>5B 25:B>@0 E M B E D E q u a t i o n . 3 ( @8A. 1 , 1) , B> 5ABL @57C;LB8@CNI89 25:B>@ 1C45B ?>2>@0G820BLAO 2 AB>@>=C 1>;55 1KAB@>3> 25:B>@0 E M B E D E q u a t i o n . 3 8 709;>65=85 Q Q . #3>; ?>2>@>B0 ?;>A:>AB8 ?>;O@870F88 1C45B @025= .
8:@>A:>?8G5A:89 <5E0=879 >?B8G5A:>9 0:B82=>AB8 A2O70= A >BACBAB2859 A8<<5B@88 C ;5:C; >?B8G5A:8 0:B82=KE 25I5AB2. "0:85 ;5:C;K 8?>@0, ?5@G0B:8 A >4=>9 @C:8 8;8 2>>1I5 B0:CN D>@B>@0O ?@8 >B@065=88 2 75@:0;5 ?5@5E>48B 2 4@C3CN D>@4>1=> B>9 @C:8 ?@8=89 @C:8. 081>;55 ?@82KG=K9 >1@07, A2O70==K9 A ?>=OB859 0A8<1@07 ;52>3> 8 ?@02>3> 28=B0. >;5:C;K >?B8G5A:8 0:B82=KE 25I5AB2, =0?@8<5@ A0E0@0, 848=0:>2>5 =0?@02;5=85 70:@CG820=8O 28=B0 ( >48=0:>2CN A?8@0;L=>ABL) . !?8@0;L=>ABL 28=B0 =5 7028A8B >B B>3>, A :0:>9 AB>@>=K =0 =53> AB@5BL. >MB>@, 2 :>B>@>< ;5:C;K A0E0@0 >@85=B8@>20=K A;CG09=>, 8ABL, :>B>@0O A>2?0405B A> A?8@0;L=>ABLN >4=>9 ;5:C;K. 7- 70 MB>3> A:>@>ABL @0A?@>AB@0=5=8O A25B0 2 @0AB2>@5 A0E0@0 @07;8G=0 4;O ;CG59 A ?@02>9 8 ;52>9 :@C3>2>9 ?>;O@870F859.
=B5@5A=>, GB> ;5:C;K 2A5E 206=59H8E 18>;>38G5A:8E 25I5AB2 ( 0:8A;>BK, =C:;58=>2K5 :8A;>BK, 15;:8, C3;52>4K) B0:65 =5 84>2, 2 >B;8G85 >B ;5:C;O@=KE AB@C:BC@ =5682>9 ?@8@>4K. @8G8=0 MB>3> 4> A8E ?>@ =5 2KOA=5=0. G5284=>, GB> MB> A2>9AB2> 8<55B DC=405 7=0G5=85, ?>B> ?> :0:8 ?@8G8=04=> 4;O 687=8. AB5AB25==0O >?B8G5A:0O 0:B82=>ABL O2;O5BAO >4=8;55 MDD5:B82=KE 4>2 87CG5=8O 18>;>38G5A:8E >1J5:B>2.
@0AB2>@0E C3>; ?>2>@>B0 ?;>A:>AB8 ?>;O@870F88 ?@>?>@F8>=0;5= ?CB8 ;CG0 ! 2 @0AB2>@5 8 :>=F5=B@0F88 A 0:B82=>3> 25I5AB20:
= [ ] ! A, ( 1 )
345 [ ] C45;L=>5 2@0I5=85. -B0 25;8G8=0 7028A8B >B ?@8@>4K >?B8G5A:8 0:B82=>3> 25I5AB20, B5;=K A25B0. @8=OB> 2K@060BL 2 3@04CA0E, ! 2 45F8<5B@0E, A 2 3/ A2 =0B@8O A 4;8=>9 2>;=K = 5 8 9 , 3 =4=>@5 A0E0@0 ?@8 2 0 0 !
E M B E D E q u a t i o n . 3 ( 2 )
! #!" "
$>@@5B8G5A:>9 >A=>2>9 40 >?@545;5=8O :>=F5=B@0F88 A >?B8G5A:8 0:B82=>3> 25I5AB20. @8<5=O53> ?@81>@K =07K20NB ?>;O@8<5B@0<8, 8;8 A0E0@8<5B@0:> 8A?>;L7CNBAO 2 702>4A:8E 8 =0CG=>- 8AA;54>20B5;LA:8E ;01>@0B>@8OE.
0 ?5@2K9 273;O4, :065BAO ?@85<;5<K2>48BL 872>@>B0 ?;>A:>AB8 ?>;O@870F88, CAB0=02;820O 0=0;870B>@ ?>;O@8<5B@0 =0 B5BC ?>;O 7@5=8O 2 >BACBAB285 8 ?@8ACBAB285 >?B8G5A:8 0:B82=>3> 25I5AB20. 4=0:> B0:>5 87:07K205BAO 4>2>;L=> 3@C1K25G5A:89 3;07 =5 65B B>G=> >B;>65=85, 2 :>B>@>@ CAB0=>2;5= =0 ?>;=>5 70B5;O 7@5=8O. >MB><C ?@8 87<5@5=8OE ?@8;CB5=52K5 ?>;O@8<5B@K, CAB0=02;8205<K5 =5 =0 B5BC ?>;O 7@5=8O, 0 =0 @02=>5 >A25I5=85 42CE ?>;>28= ?>;O 7@5=8O.
S H A P E \ * M E R G E F O R M A T
8A. 2 . ?B8G5A:0O AE5;O@89 @01>B5 ?@8;CB5=52>9 ?>;O@8?B8G5A:0O AE5B>@>3> ?@54AB02;5=0 =0 @8A. 2 . A=>2=K<8 G0ABO2:8 O2;ONBAO ?>;O@870B>@ 4 8 0=0;870B>@ 7 , 873>B>2;5==K5 87 ?>;O@>84=>9 ?;5=:8. !25B, 8AE>4OI89 >B 8AB>G=8:0 - =0B@852>9 ;094O G5@57 A25B>D8;LB@ 2 ( 2K45;ONI89 ;8=8N = 5 8 9 , 3 ==45=A>@=CN ;8=7C 3 , ?>;O@870B>@ 4 , >4=>9 G0ABLN ?CG:0 ?@>E>48B G5@57 D07>2CN ?;0AB8=:C 5 . @C30O G0ABL ?CG:0 ?@8 MB>?0405B 2 D07>2CN ?;0AB8=:C. 40;L=59H515 G0AB8 ?CG:0 ?@>E>4OB G5@57 :N25BC 6 A 8A?KBC5<K@>@ 7 , >1J5:B82 8 , >:C;O@ 9 .
8A. 3 . @85=B0F8O A25B>2KE :>;510=89 ?@8 =C;52>BAG5B5
( 0, >?B8G5A:8 0:B82=>5 25I5AB2> >BACBAB2C5B) 8 @01>G5BAG5B5 ( 1, ?@02>2@0I0NI55 >?B8G5A:8 0:B82=>5 25I5AB2>) . >158E A;CG0OE 0=0;870B>@ ?>:070= 2 ?>;>65=88 , >15A?5G820NI5A25I5==>ABL ?>;59 A@02=5=8O 21;878 8E ?>;=>3> 70B5<=5=8O
0AAB@8340 :N25B0 70?>;=5=0 ?@>7@0G=KO2;ONI89 >?B8G5A:>9 0:B82=>AB8, =0?@874CE>9 2>4>9. >;O@870B>@ 2 ?@81>@5 CAB0=>2;5= B0:, GB> G0ABL ?CG:0, =5 ?@>H54H0O G5@57 D07>2CN ?;0AB8=:C, ?0405B =0 0=0;870B>@ A =0?@02;5=852KE :>;510=89 1 1 , >1@07CNI8; = 3 , 5 0 A 25@B8:0;LN. 0?@02;5=85 25@B8:0;8 A>2?0405B A =0?@02;5=85?B8G5A:>9 >A8 D07>2>9 ?;0AB8=:8. B>9 G0AB8 A25B>2>3> ?CG:0, :>B>@0O ?@>H;0 G5@57 D07>2CN ?;0AB8=:C, =0?@02;5=85 A25B>2KE :>;510=89 ?>2>@0G8205BAO =0 C3>; 2 ( B0: 459AB2C5B ?;0AB8=:0 / 2 2 ?>;2>;=K) , 2A;54AB285 G53> =>2>5 =0?@02;5=85 :>;510=89 2 2 1C45B A8< 8AE>4=>B=>A8B5;L=> >?B8G5A:>9 >A8 ( @8A. 3 , 0) . @57C;LB0B5 =0 0=0;870B>@ ?040NB 425 G0AB8 A25B>2>3> ?CG:0 A =0?@02;5=8O2KE :>;510=89 2 ?;>A:>AB8 1 1 4;O >4=>9, ?@02>9 ?>;>28=K ?CG:0, 8 2 ?;>A:>AB8 2 2 4;O ;52>9 ?>;>28=K. A;8 0=0;870B>@ =0E>48BAO 2 ?>;>65=88, ?@8 :>B>@>A:>ABL 53> :>;510=89 ?5@?5=48:C;O@=0 : 1 1 , B> A25B>2>9 ?CG>: ?@02>9 ?>;>28=K 1C45B ?>30H5=, 8 ?>;5 7@5=8O 2 MB>9 ?>;>28=5 1C45B G5@=K340 :0: G0ABL A25B0 ;52>9 ?>;>28=K 1C45B ?@>?CI5=0 0=0;870B>@>MB>;5 MB>9 ?>;>28=K 1C45B 1>;55 8;8 <5=55 A25B;KA:>ABL :>;510=89 0=0;870B>@0 ?5@?5=48:C;O@=0 : ?;>A:>AB8 :>;510=89 2 2 d 0
2
R
T
~
" * , R T ^ ` d f 6 8 | ~ F H * . 0 J źꙎ h- 6CJ OJ QJ hv; h- CJ OJ QJ &j h- CJ OJ QJ UmH nH u h- 5CJ OJ QJ hv; 5CJ OJ QJ hv; h- CJ H*OJ QJ h- CJ NH OJ QJ h- CJ OJ QJ h- 5CJ OJ QJ 6 b d " $
^ $ % % & & ( ~) $a$ $7]`7a$ $7`7a$ $a$ $a$ $^`a$ $ ^` a$ $3^3`a$ T
J L r t v x R T z | ~ 0 2 : < 筝|l\ j h- CJ EHOJ QJ U j h- CJ EHOJ QJ U(j:
h- OJ QJ UVmH nH u h- CJ NH OJ QJ j h- CJ EHOJ QJ U(j:
h- OJ QJ UVmH nH u j h- CJ EHOJ QJ U(jʿ:
h- OJ QJ UVmH nH u h- CJ OJ QJ j h- CJ OJ QJ U # @ T V ` b
0 2 4 6 T V t v $ & " " " " # # $ $ p% r% & "& $& (& ,& .& 0& "' $' ' ' ' תׄ̄hv; CJ OJ QJ h- CJ NH OJ QJ j h- CJ EHOJ QJ U(j:
h- OJ QJ UVmH nH u hv; h- CJ OJ QJ h- 6CJ OJ QJ h- CJ OJ QJ j h- CJ OJ QJ U j h- CJ EHOJ QJ U 4' ( ( ( ( ( ( ( ( ( ) ) ") $) ~) ) f* h* \+ ^+ d+ f+ r- t- - - / / 0 0 @0 B0 D0 F0 H0 갠}iX !j hv; hv; CJ OJ QJ U&j hv; CJ OJ QJ UmH nH u hv; CJ OJ QJ j hv; CJ OJ QJ Uh- 5CJ OJ QJ j} h- CJ EHOJ QJ U(j:
h- OJ QJ UVmH nH u j h- CJ OJ QJ Uh- CJ NH OJ QJ h- CJ H*OJ QJ h- CJ OJ QJ h- 6CJ OJ QJ "~) ) ) ) ) + 0 0 J0 0 0 F5 H5 J5 L5 N5 5 7 7 VU (W :[ _ _ $a$ $Q]Q^a$ $]^a$ $7`7a$ $7d `7a$ $a$ H0 0 0 ,1 .1 1 1 1 1 2 2 2 2 2 2 X3 Z3 v3 x3 3 3 n4 p4 4 4 4 4 5 5 ,5 .5 @5 B5 N5 P5 5 5 5 5 66 86 J6 L6 7 7 7 7 .8 08 8 8 9 9 : : : ": T: V: : : j; l; ; ; < < < < < F> H> J> > > > > ? ? ? ? @ @ A A A B T T T
U U @U BU U U U U V V W W W W W W X @X BX LX NX PX RX X X rZ tZ Z Z 2[ 4[ [ [ \ \ J] L] ] ] ] ] \^ ^^ t^ v^ ^ ^ h- CJ H*OJ QJ hv; CJ OJ QJ Uh- CJ NH OJ QJ h- 6CJ OJ QJ h- CJ OJ QJ h- CJ H*OJ QJ J, B> 1C45B >1@0B=>5 O2;5=85. /A=>, GB> >10 ?>;O 1C4CB 848=0:>2>5 >A25I5=85 B>;L:> ?@8 ?>;>65=8OE 0=0;870B>@0, 2 :>B>@KE ?0@0;;5;L=> 8;8 ?5@?5=48:C;O@=> .
G5284=>, GB> ?>;>65=85 , ?5@?5=48:C;O@=>5 ( @8A. 3 , 0) , 1>;55 2K3>4=> 2 >B=>H5=88 B>G=>AB8 CAB0=>2:8 =0 @025=AB2> >A25I5=89, 1;03>40@O D878>;>38G5A:8A>15==>ABO;55 GC2AB28B5;L=>3> : 87<5=5=8O< AB59.
CABL 2 CAB0=>2:C, =0E>4OICNAO 2 =C;52>;>65=88 ( @8A. 3 , 1) , ?>@>;510=89 1 1 8 2 2 ?>25@=CBAO =0 C3>; , @02=K9 C3;C ?>2>@>B0 ?;>A:>AB8 ?>;O@870F88 A25B0 2 8A?KBC5@5 A0E0@0 MB>B ?>2>@>B ?@>8AE>48B ?> G0A>2>9 AB@5;:5, 5A;8 AB@5BL =02AB@5GC E>4C ;CG59 A25B0 ( B0: =07K2055 ?@02>5 2@0I5=85) . >=5G=>, =0 MB>B 65 C3>; =04> ?>25@=CBL 0=0;870B>@, GB>1K >?OBL 4>AB83=CBL @02=>9 >A25I5==>AB8 >158E ?>;>28= ?>;O 7@5=8O ( @8A. 3 , 1) .
>;>65=85 0=0;870B>@0 65B 1KBL >4=>7=0G=> >?@545;5=> A ?>ILN ;N1>3> 87 42CE >BAG5B=KE CAB@>9AB2, @0A?>;>65==KE 480. A=>2=0O 2@0I0NI0OAO H:0;0 ( ;8BAG5B=>3> CAB@>9AB20 830B5;L=0O H:0;0 ( =>=8CA) ?>72>;O5B 70D8:A8@>20BL 4>;8 45;5=8O >A=>2=>9 H:0;K 8 8BAG5B0 ?@>2>48BAO B0: 65, :0: =0 HB0=35=F8@:C;5. !=0G0;0 A B>G=>ABLN 4> 0 , 5 0 >?@545;ONB, =0 A:>;L:> ?>25@=CB0 H:0;0 ;8 >B=>H5=8N : H:0;5 =>=8CA0, 70B5 HB@8E0=8CA0, A>2?040NI8 HB@8E0<8 H:0;K ;8BAG8BK20NB 4>;8 3@04CA0 A B>G=>ABLN 4> 0 , 0 2 0 .
/ + / "+
:;NG8B5 ?>;O@8<5B@ 2 A5BL ?5@53> B>:0.
#40;8B5 :N25BC 87 ?>;O@8<5B@0.
'5@57 1 0 <8=CB ( 2@5@0=8O ;0<?K) 2@0I5=859 B@C1:8 CAB0=>28B5 >:C;O@ ?>4 3;07 M:A?5@8@0 =0 @57:>5 87>1@065=8O ;8=88 @0745;0 ?>;59 A@02=5=8O.
?@545;8B5 =C;52CN B>G:C ?@81>@0. ;O MB>3> 2@0I5=85@0, @0A?>;>65==>9 A?@020 >B >:C;O@0, 4>159B5AL @025=AB20 O@:>AB59 ?>;59 A@02=5=8O 2 GC2AB28B5;L=>;>65=88 ( 21;878 ?>;=>3> 70B5;O 7@5=8O) . !=8BAG5B 0 ?> ;N1>9 H:0;5 ;8=8CA>45;09B5 B0:85 872> >BKA:820O GC2AB28B5;L=>5 ?>;>65=85 0=0;870B>@0 8 70=>2> A=8BAG5BK ?> B>9 65 H:0;5 ;8=8CA><. 5@54 :064K< B0:8< 87<5@5=852:C ?@81>@0 =0 =C;L =5>1E>48 " A18BL" =51>;LH82>@>B>@0 2 ;N1CN AB>@>=C. 57C;LB0BK 0 70=5AB8 2 B01;8FC.
57C;LB0BK 87G:C ?@81>@0 ?@845;0==KE G5BK@5E 875 >B45;5=85 ?>;O@84=K@>9 :>=F5=B@0F88. -B0 :>=F5=B@0F8O A, 2K@065==0O 2 3/ A@5 C:070=K =0 :N25B5. @>2548B5 G5BK@5 =57028A8<KE 872>5 GC2AB28B5;L=>5 ?>;>65=85 0=0;870B>@0 ( 21;878 ?>;=>3> 70B5;O 7@5=8O) ?> B>BAG5B=>9AB2C. 57C;LB0BK 70=5A8B5 2 B01;8FC. 0948B5 A@54=55 7=0G5=85 MB>3> C3;0 E M B E D E q u a t i o n . 3 .
0 C3>; ?>2>@>B0 ?;>A:>AB8 ?>;O@870F88 @0AB2>@>< A0E0@0 ?@8ILN D>@>B=>H5=8O ( 1 ) , @0AAG8B09B5 C45;L=>5 2@0I5=85 2>4=>3> @0AB2>@0 A0E0@0 8 A@02=8B5 53> A B01;8G=K< 7=0G5=852548B5 0=0;>38G=K5 87 B>BAG5B=>9AB2C 4;O @0AB2>@0 A =58725AB=>9 :>=F5=B@0F859 AE. 57C;LB0BK 70=5A8B5 2 B01;8FC.
1 1 . 0 C3>; ?>2>@>B0 ?;>A:>AB8 ?>;O@870F88 @0AB2>@>9 :>=F5=B@0F88 ?@8=F5=B@0F8N A ?>ILN D>@9 A25B =07K205BAO 5AB5AB25==K- ?>;O@87>20==K- ?>;O@87>20==K;O@87>20==K =07K205BAO ?>;O@870B>@>@><?
G5AB>8B 70:>= 0;NA0?
'B> =07K205BAO 5AB5AB25==>9 >?B8G5A:>9 0:B82=>ABLN?
B G53> 7028A8B C3>; ?>2>@>B0 ?;>A:>AB8 ?>;O@870F88 A25B0 ?@8 ?@>E>645=88 53> G5@57 >?B8G5A:8 0:B82=>5 25I5AB2>?
'B> =07K205BAO 42>9=K<;5=8520 ?@8@>40 >?B8G5A:>9 0=87>B@>?88 :@8AB0;;>2? 'B> =07K205BAO >?B8G5A:>9 >ALN :@8AB0;;0?
@82548B5 ?@89AB2, :>B>@K5 3CB 2K?>;=OBL DC=:F88 ?>;O@870B>@0 8 0=0;870B>@0.
>G5;CB5=52K5 ?>;O@8GB8B5;L=55 B5=52KE?
09B5 D5=>;>38G5A:>5 >1JOA=5=85 ( ?> $@5=5;N) O2;5=8O 5AB5AB25==>9 >?B8G5A:>9 0:B82=>AB8.
'B> =07K205BAO <03=8B=K< 2@0I5=85A:>AB8 ?>;O@870F88 A25B0 ( MDD5:B>< $0@045O) ? '5B MDD5:B >B;8G05BAO >B 5AB5AB25==>9 >?B8G5A:>9 0:B82=>AB8?
'B> =07K205BAO D07>2>9 ?;0AB8=>9 2 G5B25@BL 2>;=K? 2 ?>;2>;=K? 0: 6=> ;8=59=>- ?>;O@87>20==K9 A25B ?@5>1@07>20BL 2 M;;8?B8G5A:8- ?>;O@87>20==K9? F8@:C;O@=>- ?>;O@87>20==K9? 0:>2> =07=0G5=85 D07>2>9 ?;0AB8=:8 2 40==>9 @01>B5?
'B> =07K205BAO 48E@>8G=>9 ?;0AB8=:>9? 0:85 4>AB>8=AB20 ?>;O@>84>2 >1CA;02;820NB 8E H8@>:>5 ?@8:><?B8G5A:CN AE5;O@82 ?@8=F8? D>@20=8O 42CE ?>;59 A@02=5=8O =0 CAB0=>2:5?
0:>20 A:>?8G5A:0O ?@8@>40 5AB5AB25==>9 >?B8G5A:>9 0:B82=>AB8?
@>:><<5=B8@C9B5 A;54CNI85 ?@8;O@87>20==>3> A25B0: 1 ) ?>;O@>84=K5 >G:8 ( AB5@5>:8=>) ; 2 ) ?>;O@870F8>==K9 :>;O@870F8>==K9 A25B>D8;LB@; 4 ) 684:>:@8AB0;;8G5A:85 8=48:0B>@K @07;8G=KE M;5:B@>==KE CAB@>9AB2 ( :0;L:C;OB>@K, G0AK 8 B. 4. ) .
$'! ! !
"@>D820 ". . C@A D878:8: CG51. ?>A>1. 4;O 2C7>2 / ". . "@>D820. . : KAH. H:. , 1 9 9 9 . 5 4 2 A.
5B;0D . . C@A D878:8: CG51. ?>A>1. 4;O 2BC7>2 / . . 5B;0D, . . /2>@A:89. . : KAH. H:. , 1 9 9 9 . 7 1 8 A.
01>@0B>@=K5 70=OB8O ?> D878:5: CG51. ?>A>1. / ?>4 @54. . . >;L48=0. . : 0C:0, 1 9 8 3 . 7 0 4 A.
01>@0B>@=K9 ?@0:B8:C D878:5: CG51. ?>A>1. 4;O ABC45=B>2 2BC7>2 / ?>4 @54. . !. E20. . : KAH0O H:>;0, 1 9 8 0 . 3 6 0 A.
#' !"!"
"'! " !"
5B>48G5A:85 C:070=8O : ;01>@0B>@=>9 @01>B5 ! 5 3
4;O ABC45=B>2 2A5E A?5F80;L=>AB59 8 2A5E D>@1CG5=8O
=0B>;89 0A8;L528G 8@NH8=
;02=K9 @540:B>@ . . !C520;>20
540:B>@ . . !C520;>20
><?LNB5@=0O 25@AB:0 . . 4028G
>4?8A0=> 2 ?5G0BL . $>@<0B 6 0 E8 4 1 / 1 6 .
C<030 ?8AG0O. 0@=8BC@0 "0920O. #A;. ?5G. ;. 0 , 5 8 .
"8@06 2 0 0 M:7. 0:07 .
740B5;LAB2> "8E>>:50=A:>3> 3>AC40@AB25==>3> C=825@A8B5B0.
6 8 0 0 3 5 , %010@>2A:, C;. "8E>>:50=A:0O, 1 3 6 .
B45; >?5@0B82=>9 ?>;83@0D88 8740B5;LAB20
"8E>>:50=A:>3> 3>AC40@AB25==>3> C=825@A8B5B0.
6 8 0 0 3 5 , %010@>2A:, C;. "8E>>:50=A:0O, 1 3 6 .
P A G E
P A G E 1 0
1
?@020O ?>;>28=0 ?CG:0
;520O ?>;>28=0 ?CG:0
0 1
8A. 1 . 0A?@>AB@0=5=85
F8@:C;O@=>- ?>;O@87>20==KE 2>;= 2 >?B8G5A:8 0:B82=>9 A@545
(
E M B E D E q u a t i o n . 3
Q
Q
E M B E D E q u a t i o n . 3
E M B E D E q u a t i o n . 3
E M B E D E q u a t i o n . 3
E M B E D E q u a t i o n . 3
4
2
3
6
5
9
8
7
2
1
1
2
2 (
2
2
1
1
2 (
(
(
0
1
^ f_ h_ _ _ _ _ _ "` |` ~` ` ` a a a (b *b b b c c d d d Jd Ld e e f f
g g 6g `g bg jg lg ng zg g g g g g g g g g g g g g g g h h :h j h- CJ OJ QJ Uh- CJ OJ QJ mH sH h- 56CJ OJ QJ h- CJ H*OJ QJ h- CJ OJ QJ h- 5CJ OJ QJ h- CJ H*OJ QJ h- CJ NH OJ QJ h- CJ OJ QJ ;_ _ "` $` ~` ` *b d 4g 6g `g bg dg hg jg |g ~g g g g g g g g g g $$If a$ $a$ $
& F a$ $a$ g g g g g g g D ; ; ; ; ; $$If a$ kd $$If l ֈ +B ! S 0 4
l a1 g g g g g g g g g g g g g g g h h h h
h h h h h Bh Dh Fh FfB Ff Ff
FfY $$If a$ :h h @h h h h h h h h h i i i i j j j j *j ,j .j 0j j j "k $k rl tl l ìÐÈÐ}ÐreZÐ h- CJ H*OJ QJ hv; h- CJ OJ QJ h- CJ H*OJ QJ h- 6CJ OJ QJ h- OJ QJ h- CJ NH OJ QJ j(! h- CJ EHOJ QJ U,j ;
h- CJ OJ QJ UVmH nH u h- CJ OJ QJ j h- CJ OJ QJ U j? h- CJ EHOJ QJ U(jy ;
h- OJ QJ UVmH nH u Fh Hh Jh Lh Nh Ph = 8 $a$ kd $$If l ֈ +B ! S 0 4
l a1 $$If a$ Ph i l m m
n o Hp Fq q q q q q q q q r "r
s bs s $
& F
_^_`a$ $
& F
e^ea$ $a$ $V^`Va$ $V^`Va$ $
& F a$ l l l l l l >m @m fm hm jm lm nm pm m m m m m m n n n n n n n o o ho lo o ûæÌÀûk[͌ÀûP h- CJ H*OJ QJ j5' h- CJ EHOJ QJ U(j ;
h- OJ QJ UVmH nH u h- CJ NH OJ QJ hv; CJ OJ QJ j % h- CJ EHOJ QJ U(j ;
h- OJ QJ UVmH nH u h- OJ QJ h- CJ OJ QJ j h- CJ OJ QJ U j# h- CJ EHOJ QJ U(j ;
h- OJ QJ UVmH nH u o o p p p "p $p q q q @q Bq Dq Fq q q q q q q q q r r r t t bu du u u rv tv w w x x 걡tj_ h- 5CJ OJ QJ hv; CJ OJ QJ j+ h- CJ EHOJ QJ U(j/ ;
h- OJ QJ UVmH nH u h- OJ QJ jz) h- CJ EHOJ QJ U(j ;
h- OJ QJ UVmH nH u j h- CJ OJ QJ Uh- CJ H*OJ QJ h- 6CJ OJ QJ h- CJ OJ QJ h- CJ NH OJ QJ %s t t u v w w y z { | } " V X ( $
& F a$ $
& F a$gd&Z $a$ $
& F
e
^e`
a$ $
& F
e^ea$ x y y z z D{ F{ | | | | ~ ~ ~ ~ V X v ( > @ 6 ` j x z ~ ĵīīīěsh h- 6CJ OJ QJ h}% CJ OJ QJ aJ h&Z h&Z CJ OJ QJ aJ h}% 6CJ OJ QJ aJ h&Z h&Z 6CJ OJ QJ aJ h&Z CJ OJ QJ hv; h&Z CJ NH OJ QJ hv; h&Z CJ OJ QJ hv; h&Z 6CJ OJ QJ h- 5CJ OJ QJ h- CJ NH OJ QJ h- CJ OJ QJ ( , 6 B d f t ʂ ̂ $ T ( b h l ( . t x R }nc hJ hJ OJ QJ hJ hJ CJ OJ QJ aJ hJ hJ 5CJ aJ hQ hJ CJ OJ QJ aJ hJ hJ CJ OJ QJ aJ hJ hJ CJ aJ hJ 5CJ OJ QJ hJ hJ CJ OJ QJ h}% CJ OJ QJ h- 6CJ OJ QJ h&Z CJ OJ QJ h- CJ NH OJ QJ h- CJ OJ QJ " $ R T & ( b d f h j l $ ^ ` a$ gdJ $7`7a$gdJ gdJ gdJ $7`7a$gdJ gdJ $a$ $
& F a$ ( * , . . t v x F H T X Z ^ ` d f j l ~ &`#$ $a$gdJ ^ gdJ R T V Z \ ` b f h l n z | ~ ҈ Ԉ > @ B
ӾӾӧӾӾӾӾӾӕӃ #j h- CJ OJ QJ UmH sH j jh- CJ OJ QJ h- 6h- 6CJ OJ QJ h- CJ NH OJ QJ h- CJ OJ QJ h@Nj 0J mH nH uh-
h- 0J j h- 0J Uhl1 j hl1 UhJ h- CJ OJ QJ / ҈ Ԉ @ B v > $a$ $a$ &`#$ 6 8 : @ D F J L N t v x z | ~ ؊ ڊ ɷuaL (j,E
h- OJ QJ UVmH nH u 'j1 h- CJ EHOJ QJ UmH sH (j,E
h- OJ QJ UVmH nH u 'j/ h- CJ EHOJ QJ UmH sH (jR,E
h- OJ QJ UVmH nH u h- #j h- CJ OJ QJ UmH sH 'j . h- CJ EHOJ QJ UmH sH (j",E
h- OJ QJ UVmH nH u h- CJ OJ QJ mH sH > @ D F J L | ~ $ & * , 0 2 6 8 B $a$ ڊ ܊ ފ
$ & * , 0 2 6 8 B D H J N P T V Z \ ^ ` b d h j l n p r t v x z | ~ ˲ǔǔǔǔǔǔǔǔǔǔǔǔǔǔǔǔǔǔh- CJ H*OJ QJ h- CJ OJ QJ 'j5 h- CJ EHOJ QJ UmH sH (jf,E
h- OJ QJ UVmH nH u h- h- CJ OJ QJ mH sH #j h- CJ OJ QJ UmH sH 'j3 h- CJ EHOJ QJ UmH sH 6B D H J N P T V Z \ b d h j p r x z $a$ ċ Ƌ ȋ ʋ ̋ Ћ ҋ ԋ ؋ ڋ
hJ h- CJ OJ QJ h- 6CJ OJ QJ j ah- CJ OJ QJ j jh- CJ OJ QJ h- CJ OJ QJ h- CJ H*OJ QJ j jh- CJ OJ QJ h- CJ OJ QJ h- * ċ ȋ ʋ Ћ ԋ ڋ ܋ ދ $a$
$a$gdJ
/ 0 P . A!"#$% n D d
@ B
S A ? 2 V uTV@ւ 2 D m`!* uTV@ւ xt xcdd`` @bD"L1JE `x 010 Yjl R A@. > 4 7$# L
av@Hfnj_jBP~nb C&%@y mRl5 &0nR%H+hnA 27)? ~F `>!P3=p;Ĥ\Y\pM`u 5:@H D d
T B
S A ? 2 V Ɖ 2 0 `!* Ɖ XJ xt xcdd`` @bD"L1JE `x 0)0 Yjl R A@. ~ 4 7$# L
av@Hfnj_jBP~nb C-%@y mÔRl5 &0nR%H+hnaBܤ & ?2c
`@`` #RpeqIj.t71 P@ D d
B
S A ? 2 K '5*RSv@ ' `! '5*RSv@Z @C xcdd``^ @bD"L1JE `x0-`41 ]@ TT
UXRY VI?! bbMa`ٯ F\ B@Jց] >br 7l+]\`
J F&&\30WAdd` 5 D d
@ B
S A ? 2 V uTV@ւ 2 `!* uTV@ւ xt xcdd`` @bD"L1JE `x 010 Yjl R A@. > 4 7$# L
av@Hfnj_jBP~nb C&%@y mRl5 &0nR%H+hnA 27)? ~F `>!P3=p;Ĥ\Y\pM`u 5:@H D d
T B
S A ? 2 V Ɖ 2 `!* Ɖ XJ xt xcdd`` @bD"L1JE `x 0)0 Yjl R A@. ~ 4 7$# L
av@Hfnj_jBP~nb C-%@y mÔRl5 &0nR%H+hnaBܤ & ?2c
`@`` #RpeqIj.t71 P@ D d
T B
S A ? 2 V Ɖ 2 `!* Ɖ XJ xt xcdd`` @bD"L1JE `x 0)0 Yjl R A@. ~ 4 7$# L
av@Hfnj_jBP~nb C-%@y mÔRl5 &0nR%H+hnaBܤ & ?2c
`@`` #RpeqIj.t71 P@ɉ D d
<
B
S A ? 2 YX N 7xN `! YX N 7xNj ` Hb `\ xRAKQ7JK%DuXKO* c ap+>m
sharp ar-5415
sharp ar-5415
sharp ar-5415
sharp ar-5415
sharp ar-5415
sharp ar-5415
sharp ar-5415
sharp ar-5415
sharp ar-5415
:
.
mastercard
fargo
dimplex model plasma (sp9)
longines
.
5003.17 ()