Upgrade to Pro — share decks privately, control downloads, hide ads and more …

High Functional Cloud NFV System Design and Implementation at LINE Cloud

High Functional Cloud NFV System Design and Implementation at LINE Cloud

JANOG48 Meeting
https://www.janog.gr.jp/meeting/janog48/linenfv/

Verda Network Development Team, LINE Corporation
Hiroki Shirokura

53850955f15249a1a9dc49df6113e400?s=128

LINE Developers
PRO

July 16, 2021
Tweet

Transcript

  1. +LJK)XQFWLRQDO&ORXG1)96\VWHP 'HVLJQ ,PSOHPHQWDWLRQ #/,1(&ORXG 9HUGD1HWZRUN'HYHORSPHQW7HDP/,1(&RUSRUDWLRQ +LURNL6KLURNXUD 

  2. £ /I[Q]g/]Njq<gI[OQ[IIg³+gQp<jI Y]kG £ .Ihd][hQDQYQjs/" Y]kG"Ijq]gXQ[O £ IhQO[›ZdYIZI[j<jQ][›.IYQ<DQYQjs £ /.pǍ

    +$//1dhjgI<ZIpIY]dIg £ ..]kjQ[Or< +IjE £ Pjjdh››OQjPkDE]Z›hY<[XGIp› £ "hY<[XGIp ’ZQg]XQ/PQg]Xkg<Ng]Z " à D]jP ][jg]YŸdY<[I<j<ŸdY<[I
  3. OI[G< ‡ 7I<gIIpIY]dQ[O6+ /" ‡ ŸdY<[I6" YkhjIgqQjP$dI[/j<EXŸ6! ‡ ŸdY<[IkDIg[IjIhD<hIG/"+Y<jN]gZ ‡

    rdIgQI[EIh ‡ !<[s/"EP<YYI[OIh<[Gd<Q[<hgI<YŸdg]GkEjQ][ Ä 0HVVDJH $&DVHVWXG\RI6'1(QJLQHHULQJ IRU/,1(µV&ORXG1HWZRUNLQJ6HUYLFHIURP ODXQFKGHVLJQLPSOHPHQWUHOHDVHRSHUDWLRQ DQGHYROXWLRQ
  4. /. Ä"07$. <jEP/pg 00+hpg ]ZdkjQ[O /IgpQEI ¥6!›+!¦ !<[<OIG /IgpQEI !s/-

    Y<hjQE /I<gEP .V .V Éh + Y<hjQE /I<gEP .V .V Éh YkhjIg .V .V Éh + .V .V Éh YkhjIg .IGQh 30 90 I<ps 7]gXY]<G "]jQNs /shjIZ 90 <NX< /IgpQEI /IgpQEI /IgpQEI <EXOg]k[G 6Qgjk<Y+gQp<jI Y]kGQh[IIGIG 1.."0"07$." Å /P<gIG QO
  5. /. Ä"07$. <jEP/pg 00+hpg ]ZdkjQ[O /IgpQEI ¥6!›+!¦ !<[<OIG /IgpQEI !s/-

    Y<hjQE /I<gEP .V .V Éh + Y<hjQE /I<gEP .V .V Éh YkhjIg .V .V Éh + .V .V Éh YkhjIg .IGQh 30 90 I<ps 7]gXY]<G "]jQNs /shjIZ 90 <NX< /IgpQEI /IgpQEI /IgpQEI <EXOg]k[G 6Qgjk<Y+gQp<jI Y]kGQh[IIGIG 1.."0"07$." "$+ŸYIpIYQh]Y<jQ][ IjqII[<EPhIgpQEIh Æ /P<gIG QO
  6. /. Ä"07$. <jEP/pg 00+hpg ]ZdkjQ[O /IgpQEI ¥6!›+!¦ !<[<OIG /IgpQEI !s/-

    Y<hjQE /I<gEP .V .V Éh + Y<hjQE /I<gEP .V .V Éh YkhjIg .V .V Éh + .V .V Éh YkhjIg .IGQh 30 90 I<ps 7]gXY]<G ([WHUQDO6HUYLFH "]jQNs /shjIZ 90 <NX< /IgpQEI /IgpQEI /IgpQEI <EXOg]k[G 6Qgjk<Y+gQp<jI Y]kGQh[IIGIG 1.."0"07$." /. Ç /P<gIG QO
  7. [IjŸD [IjŸ<à [IjŸ< [IjŸE <jEP/pg 00+hpg ]ZdkjQ[O /IgpQEI ¥6!›+!¦ !<[<OIG

    /IgpQEI !s/- Y<hjQE /I<gEP .V .V Éh + Y<hjQE /I<gEP .V .V Éh YkhjIg .V .V Éh + .V .V Éh YkhjIg .IGQh 30 90 I<ps 7]gXY]<G "]jQNs /shjIZ 90 <NX< /IgpQEI /IgpQEI /IgpQEI <EXOg]k[G 6Qgjk<Y+gQp<jI Y]kGQh[IIGIG ¥Â¦h]Y<jIGdgQp<jI[Ijq]gX ¥Ã¦"6hIgpQEIh¥ ğg]kjQ[O6+" IjE¦ È
  8. [IjŸD [IjŸ<à [IjŸ< [IjŸE <jEP/pg 00+hpg ]ZdkjQ[O /IgpQEI ¥6!›+!¦ !<[<OIG

    /IgpQEI !s/- Y<hjQE /I<gEP .V .V Éh + Y<hjQE /I<gEP .V .V Éh YkhjIg .V .V Éh + .V .V Éh YkhjIg .IGQh 30 90 I<ps 7]gXY]<G "]jQNs /shjIZ 90 <NX< /IgpQEI /IgpQEI /IgpQEI <EXOg]k[G 6Qgjk<Y+gQp<jI Y]kGQh[IIGIG ¥Â¦h]Y<jIGdgQp<jI[Ijq]gX ¥Ã¦"6hIgpQEIh¥ ğg]kjQ[O6+" IjE¦ É
  9. [IjŸD [IjŸ<à [IjŸ< [IjŸE <jEP/pg 00+hpg ]ZdkjQ[O /IgpQEI ¥6!›+!¦ !<[<OIG

    /IgpQEI !s/- Y<hjQE /I<gEP .V .V Éh + Y<hjQE /I<gEP .V .V Éh YkhjIg .V .V Éh + .V .V Éh YkhjIg .IGQh 30 90 I<ps 7]gXY]<G "]jQNs /shjIZ 90 <NX< /IgpQEI /IgpQEI /IgpQEI <EXOg]k[G 6Qgjk<Y+gQp<jI Y]kGQh[IIGIG ¥Â¦h]Y<jIGdgQp<jI[Ijq]gX ¥Ã¦"6hIgpQEIh¥ ğg]kjQ[O6+" IjE¦ Ê 6+" &ROODERUDWRU'& 6HUYHU 6HUYHU
  10. .IfkQgIZI[jN]g6Qgjk<Y"Ijq]gX Ɣ h]Y<jIG+gQp<jI"Ijq]gX ż YgI<GsI<hQDYIqQjP $dI[/j<EX/.pÇdYkOQ[ Ŷ "$ÅÅ Ɣ "6

    ]Zd][I[jh ż 6Qgjk<Y.]kjIg<h</IgpQEI Ŷ /Ã/Ÿ6+"¥ +]pIg+hIE¦ Ŷ Ä.]kjQ[O Ŷ  Ŷ IjE ż !<XIh]ZIjPQ[O[Iq«‹ ÂÁ
  11. Ɣ h]Y<jIG+gQp<jI"Ijq]gX ż YgI<GsI<hQDYIqQjP $dI[/j<EX/.pÇdYkOQ[ Ŷ "$ÅÅ Ɣ "6 ]Zd][I[jh

    ż 6Qgjk<Y.]kjIg<h</IgpQEI Ŷ /Ã/Ÿ6+"¥ +]pIg+hIE¦ Ŷ Ä.]kjQ[O Ŷ  Ŷ IjE ż !<XIh]ZIjPQ[O[Iq«‹ .IfkQgIZI[jN]g6Qgjk<Y"Ijq]gX ÂÂ
  12. Ɣ h]Y<jIG+gQp<jI"Ijq]gX ż YgI<GsI<hQDYIqQjP $dI[/j<EX/.pÇdYkOQ[ Ŷ "$ÅÅ Ɣ "6 ]Zd][I[jh

    ż 6Qgjk<Y.]kjIg<h</IgpQEI Ŷ /Ã/Ÿ6+"¥ +]pIg+hIE¦ Ŷ Ä.]kjQ[O Ŷ  Ŷ IjE ż !<XIh]ZIjPQ[O[Iq«‹ .IfkQgIZI[jN]g6Qgjk<Y"Ijq]gX ÂÃ
  13. 7PIgIQh"Ijq]gX+g]Og<ZZ<DQYQjs ÂÄ

  14. 7PIgIQh"Ijq]gX+g]Og<ZZ<DQYQjs ÂÅ

  15. "Ijq]gX+g]Og<ZZQ[O <hI/jg<jIOsqQjPÃ$djQ][h ÂÆ P]XI+]Q[j"] P]XI+]Q[j

  16. "Ijq]gX+g]Og<ZZQ[O <hI/jg<jIOsqQjPÃ$djQ][h ÂÇ P]XI+]Q[j"] P]XI+]Q[j 7PIgIQh"Ijq]gX+g]Og<ZZ<DQYQjs‹

  17. "Ijq]gX+g]Og<ZZQ[O <hI/jg<jIOsqQjPÃ$djQ][h ÂÈ P]XI+]Q[j"] P]XI+]Q[j 7PIgIQh"Ijq]gX+g]Og<ZZ<DQYQjs‹ 1HWZRUN3URJUDPPDELOLW\  1HWZRUN7HUPLQDWLRQ 

    //)RUZDUGLQJ  3HUIRUP1HWZRUN)XQFWLRQ
  18. "Ijq]gX+g]Og<ZZQ[O <hI/jg<jIOsqQjPÃ$djQ][h ÂÉ P]XI+]Q[j"] P]XI+]Q[j *RRG3RLQW  6WDEOH$UFKLWHFWXUH PDQ\H[DPSOHV 

    6LPSOH1HWZRUNSURJUDPPLQJ %DG3RLQW  3HUIRUPDQFHERWWOHQHFN  )DLOXUHGRPDLQ 5HGXQGDQF\PJPW
  19. "Ijq]gX+g]Og<ZZQ[O <hI/jg<jIOsqQjPÃ$djQ][h ÂÊ P]XI+]Q[j"] P]XI+]Q[j *RRG3RLQW  1RSHUIRUPDQFHERWWOHQHFN  1RPRUH63R)

    %DG3RLQW«  +\SHUYLVRUQHWSURJIOH[LELOLW\LVVXH
  20. "Ijq]gX+g]Og<ZZQ[O <hI/jg<jIOsqQjPÃ$djQ][h 79"$Ÿ $QhQNNQEkYj‹ ÃÁ P]XI+]Q[j"] P]XI+]Q[j %DG3RLQW« sdIgpQh]g[IjŸdg]O NYIrQDQYQjsQhhkI

    Ig[IYNI<jkgIE<[’j<EPQIpI OI[Ig<Ydkgd]hI]N[IjŸdg]O !]gId]qIgNkY›NYIrQDYI›NI<hQDYI [IjŸdg]OQh[IIGIG¥I ++ IjE¦
  21. "Ijq]gX+g]Og<ZZQ[O <hI/jg<jIOsqQjPÃ$djQ][h ÃÂ P]XI+]Q[j"] P]XI+]Q[j $+0

  22. P]XId]Q[jGIj<QYIG<gEPQjIEjkgIqQjP6! ÃÃ P]XI+]Q[j &KRNHSRLQW&RQFHUQ Ɣ 1HWZRUNFRQQHFWLRQIRURYHUOD\XQGHUOD\ Ɣ )DLOXUHGRPDLQ 5HGXQGDQF\FRQWURO Ɣ

    0XOWLWHQDQWY5RXWHU Ɣ 'HGLFDWHGY5RXWHU
  23. &KRNHSRLQW&RQFHUQ Ɣ 1HWZRUNFRQQHFWLRQIRURYHUOD\XQGHUOD\ Ɣ )DLOXUHGRPDLQ 5HGXQGDQF\FRQWURO Ɣ 0XOWLWHQDQWY5RXWHU Ɣ 'HGLFDWHGY5RXWHU

    P]XId]Q[jGIj<QYIG<gEPQjIEjkgIqQjP6! ÃÄ P]XI+]Q[j Y5RXWHUZLWK2SHQ6WDFN90 Ɣ 65YQHWZRUNWHUPLQDWLRQLVGRQHE\QHXWURQ Ɣ )DLOXUHGRPDLQFRQWUROLVGRQHE\QRYD Ɣ 'HGLFDWHGY5RXWHUFDQEHVXSSRUWHG
  24. 7PsqQjP6!D<hIGp.]kjIg‹ ]]X <EXÂhjI[Ig<jQ][/.pÇ[Ijq]gXQ[O ÃÅ P]XId]Q[jIgI‰ 0PIgI<gIdPshQE<Y Q[krhIgpIg "Ijq]gX[]GIh<gIhP<gIG [Ijq]gXjIgZQ[<j]g N]g<YYdgQp<jI[Ijq]gXh

    7IP<pIQhhkI 1HWZRUN1RGH 65Y1RGH 6ZLWFK +9 65Y1RGH 90 7HQDQW$ 90 7HQDQW%
  25. 7PsqQjP6!D<hIGp.]kjIg‹ Q[jIEPhIgpQEI[IIGGIGQE<jIGP<gGq<gI ÃÆ <gGq<gIZOZj <[’jhkdd]gj GIGQE<jIG[]GI <gGq<gIZOZjà <[hkdd]gj GIGQE<jIG[]GI qQjP"]p<NI<jkgI

    1HWZRUN1RGH 65Y1RGH 6ZLWFK +9 65Y1RGH 90 1HWZRUN1RGH 65Y1RGH 6ZLWFK +9 65Y1RGH /IgpQEIŸ/IgpQEIŸ ¥IGQE<jIG¦¥IGQE<jIG¦
  26. 7PsqQjP6!D<hIGp.]kjIg‹ ]]X <EXÂhjI[Ig<jQ][/.pÇ[Ijq]gXQ[O ÃÇ 6ZLWFK +9 65Y1RGH 90 6ZLWFK +9

    65Y1RGH /IgpQEIŸ/IgpQEIŸ ¥IGQE<jIG¦¥IGQE<jIG¦ 5WU 5WU 5WU 5WU
  27. /kZZ<gs6! <hIGp.]kjIg YkhjIg ÃÈ <EP6!h<gIWkhj<$dI[/j<EX6!‰

  28. /kZZ<gs6! <hIGp.]kjIg YkhjIg ÃÉ "Ijq]gXQ[jIgN<EIhEgI<jIGDs"Ikjg][ <[GjPIhIE][[IEjhI<EP[Ijq]gXh

  29. /kZZ<gs6! <hIGp.]kjIg YkhjIg ÃÊ 6!Qh/+]

  30. /kZZ<gs6! <hIGp.]kjIg YkhjIg ÄÁ /].]kjIg6!ZkhjDIgIGk[G<[j

  31. /kZZ<gs6! <hIGp.]kjIg YkhjIg ÄÂ

  32. /kZZ<gs6! <hIGp.]kjIg YkhjIg ÄÃ

  33. /kZZ<gs6! <hIGp.]kjIg YkhjIg ÄÄ "Irj/jIdQh« ]qj]E][hjgkEj›Z<[<OIp.]kjIg YkhjIg <h!<[<OIGhIgpQEI

  34. /P]gj/kZZ<gs ‡ 7I<gIIpIY]dQ[O6+ /" ‡ ŸdY<[I6" YkhjIgqQjP$dI[/j<EXŸ6! ‡ ŸdY<[IkDIg[IjIhD<hIG/"+Y<jN]gZ ‡

    rdIgQI[EIh ‡ !<[s/"EP<YYI[OIh<[Gd<Q[<hgI<YŸdg]GkEjQ][ ÄÅ
  35. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 7P<jQhY]kG"6 ÄÆ Y]kG"6Qh/" ][jg]YYIg IpIY]dIGqQjPÉhrjI[hQ][ ‡ I[IgQE"6hIgpQEIhE][jg]YdY<[I ‡ YgI<Gsgk[[Q[OQ[dg]GkEjQ][

    ‡ .]kjQ[O<h</IgpQEI ‡ 6+"<h</IgpQEI /"IhQO[+gQ[EQdYI ‡ ]]hIYs ]kdYIG/"ddYQE<jQ][h ‡ IEY<g<jQpI/"ddYQE<jQ][h ‡ 1hI][YsÉhrjI[hQ][ .ORXG1)9LV㼏㼛㼕㼚㼑㼐㻌㼣㼛㼞㼐 .XEHUQHWHV .XEHEXLOGHU&RQWUROOHUUXQWLPH &XVWRP5HVRXUFH)HDWXUH 6'1 $SS « 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU
  36. 7P<jQhkDIg[IjIh¥N]g[Ijq]gXŸOksh¦ ÄÇ kDIg[IjIhQh<d]gj<DYIIrjI[hQDYI]dI[Ÿh]kgEIdY<jN]gZ N]gZ<[<OQ[OE][j<Q[IgQvIGq]gXY]<Gh<[GhIgpQEIhjP<j N<EQYQj<jIhD]jPIEY<g<jQpIE][NQOkg<jQ][<[G<kj]Z<jQ][ gINPjjdh››XkDIg[IjIhQ]›G]Eh›E][EIdjh›]pIgpQIq›qP<jŸQhŸXkDIg[IjIh› DSL9HUVLRQDSSVY NLQG5HSOLFD6HW PHWDGDWD QDPHZHE

    VSHF UHSOLFDV WHPSODWH VSHF FRQWDLQHUV QDPHZHE LPDJHQJLQ[ ¥Â¦XkDIEjY <ddYs Éh+ gIdYQE<hIj E][jg]YYIg ¥Ã¦q<jEP./ ¥Ä¦EgI<jI Äd]Gh ¥Ä¦q<jEP+]G ¥Å¦Y<k[EPd]G .V:RUNHU1RGHV /LQX[ .V:RUNHU :HE /LQX[ .V:RUNHU :HE /LQX[ .V:RUNHU :HE
  37. 7P<jQhkDIg[IjIh¥N]g[Ijq]gXŸOksh¦ ]q.IE][EQYQ<jQ][q]gXh ÄÈ Ɣ ÉhQhjPIhIj]NhId<g<jIGE][jg]YYIgh Ɣ <EPE][jg]YYIghZ<XIgIh]kgEI<hGIhQgIGhj<jINg]Z<Ejk<YEkggI[jhj<jI DSL9HUVLRQDSSVY NLQG5HSOLFD6HW PHWDGDWD

    QDPHZHE VSHF UHSOLFDV WHPSODWH VSHF FRQWDLQHUV QDPHZHE LPDJHQJLQ[ ¥Â¦XkDIEjY <ddYs Éh+ 2EVHUYH $QDO\]H $FW .IdYQE</Ij ][jg]YYIg  5HSOLFD6HWLVGHFODUHG  &UHDWH3RG 'HVLUHGVWDWHUHSOLFDV  $FWXDOVWDWHUHSOLFDV 
  38. 7P<jQhkDIg[IjIh¥N]g[Ijq]gXŸOksh¦ .IE][EQYQ<jQ][qPI["]GIQhEg<hPIG ÄÉ ./ŸEjgYg ¥Ã¦q<jEP./ ¥Ä¦<Ejk<Yd]GE]k[jQhÍ EgI<jI[Iq][I +]ŸEjgYg ¥Å¦hEPIGkYI[Iqd]G XÉh+

    EkggI[jhj<jIÞÞGIhQgIGhj<jI EkggI[jhj<jI‰ÞGIhQgIGhj<jI EkggI[jhj<jIÞÞGIhQgIGhj<jI ¥Â¦GIjIEj[]GIG]q[ /LQX[ :RUNHU :HE :HE :HE /LQX[ :RUNHU :HE :HE :HE /LQX[ :RUNHU :HE :HE :HE
  39. 7P<jQhkDIg[IjIh¥N]g[Ijq]gXŸOksh¦ rjI[hQ][!IEP<[QhZ ÄÊ KWWSVNXEHUQHWHVLRMDGRFVFRQFHSWVH[WHQGNXEHUQHWHVDSLH[WHQVLRQFXVWRPUHVRXUFHV "]gZ<Y ÉhrdIgQI[EI 7QjP . ÉhrdIgQI[EI ¥EYkhjIgŸ<dQ¦

    7QjP . ÉhrdIgQI[EI ¥XY]kG[Np¦ EYkhjIg Z<EPQ[I GIdY]s Z<EPQ[I hIj Z<EPQ[I g]kjQ[O O<jIq<s g]kjQ[O I[Gd]Q[j [Np Z<EPQ[I g]kjI
  40. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÅÁ .]kjQ[O<jIq<s .]kjQ[O[Gd]Q[j "6!<EPQ[I

  41. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh Å XÉh+ ¥Â¦XkDIEjY<ddYs NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV

    H[WQHWZRUN SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ
  42. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh Åà XÉh+ ¥Â¦XkDIEjY<ddYs NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV

    H[WQHWZRUN SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ
  43. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÅÄ XÉh+ ¥Â¦XkDIEjY<ddYs NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV

    H[WQHWZRUN SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ
  44. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÅÅ XÉh+ ¥Â¦XkDIEjY<ddYs NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV

    H[WQHWZRUN SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ
  45. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÅÆ XÉh+ ¥Â¦XkDIEjY<ddYs NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV

    H[WQHWZRUN SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ
  46. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÅÇ XÉh+ ¥Â¦XkDIEjY<ddYs NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV

    H[WQHWZRUN SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ
  47. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÅÈ XÉh+ ¥Â¦XkDIEjY<ddYs NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV

    H[WQHWZRUN SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ
  48. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÅÉ XÉh+ ¥Â¦XkDIEjY<ddYs NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV

    H[WQHWZRUN SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ
  49. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÅÊ XÉh+ NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV H[WQHWZRUN

    SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU 7<jEP
  50. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÁ XÉh+ NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV H[WQHWZRUN

    SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU 7<jEP NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU gI<jI
  51. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÂ XÉh+ NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF QHWZRUNV H[WQHWZRUN

    SULQHWZRUN HQGSRLQWV HS HS HS VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU 7<jEP NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU gI<jI
  52. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÃ XÉh+ NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN

    SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU 5RXWLQJ *DWHZD\ 0DQL IHVWV 7<jEP
  53. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÄ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 7<jEP NLQG5RXWLQJ(QGSRLQW

    PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU IODYRUY&38BJE5$0 LPDJHY5RXWHU gI<jI NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU^` NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU^`
  54. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÅ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 7<jEP 5RXWLQJ

    (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU^` NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU^`
  55. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÆ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU^` NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU^` 7<jEP gI<jI
  56. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÇ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW gI<jI 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU^` NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF QHWZRUNV H[WQHWZRUN SULQHWZRUN VHUYHU^` 7<jEP
  57. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÈ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 1)9 0DFKLQH 0DQL IHVW .]kjI NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ 7<jEP
  58. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÉ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 1)9 0DFKLQH 0DQL IHVW .]kjI 7<jEP 1275($'< ¥Â¦1dG<jI ¥Ã¦1dG<jI ¥Ä¦1dG<jI [IrjP]d NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ VWDWXV QH[WKRSV QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU
  59. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÆÊ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 1)9 0DFKLQH 0DQL IHVW .]kjI NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ VWDWXV QH[WKRSV QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU 7<jEP 5($'< ¥Â¦1dG<jI ¥Ã¦1dG<jI ¥Ä¦1dG<jI [IrjP]d
  60. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÇÁ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 1)9 0DFKLQH 0DQL IHVW .]kjI NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ VWDWXV QH[WKRSV QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU 620()$,/85(
  61. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÇÂ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 1)9 0DFKLQH 0DQL IHVW .]kjI NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ VWDWXV QH[WKRSV QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU 620()$,/85( /RDGHU /RDGHU .0 0 /RDGHU
  62. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÇÃ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW .]kjI NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ VWDWXV QH[WKRSV QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU 620()$,/85( /RDGHU /RDGHU .0 0 /RDGHU NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VWDWXV UHDG\WUXH UHDG\IDOVH
  63. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 ]qQjq]gXh ÇÄ XÉh+ 5RXWLQJ *DWHZD\ 0DQL IHVWV 5RXWLQJ (QGSRLQW

    0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW 5RXWLQJ (QGSRLQW 0DQL IHVW .]kjI NLQG5RXWH PHWDGDWD QDPHJZ VSHF QHWSULQHWZRUN GVW QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ VWDWXV QH[WKRSV QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU QDPHJZHS NLQG1IY0DFKLQH DGGU 620()$,/85( .0 0 NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VWDWXV UHDG\WUXH UHDG\IDOVH ¥Â¦7<jEP ¥Ã¦1dG<jI
  64. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 7P<jQhY]kG"6 ÇÅ Y]kG"6Qh/" ][jg]YYIg IpIY]dIGqQjPÉhrjI[hQ][ ‡ I[IgQE"6hIgpQEIhE][jg]YdY<[I ‡ YgI<Gsgk[[Q[OQ[dg]GkEjQ][

    ‡ .]kjQ[O<h</IgpQEI ‡ 6+"<h</IgpQEI /"IhQO[+gQ[EQdYI ‡ ]]hIYs ]kdYIGIEY<g<jQpI/" ‡ 1hI][YsÉhrjI[hQ][ .ORXG1)9LV㼏㼛㼕㼚㼑㼐㻌㼣㼛㼞㼐 .XEHUQHWHV .XEHEXLOGHU&RQWUROOHUUXQWLPH &XVWRP5HVRXUFH)HDWXUH 6'1 $SS « 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU
  65. [jg]GkEjQ][j]kDIg[IjIhD<hIG/"E][jg]YdY<[IN]g"6 7P<jQhY]kG"6 ÇÆ Y]kG"6Qh/" ][jg]YYIg IpIY]dIGqQjPÉhrjI[hQ][ ‡ I[IgQE"6hIgpQEIhE][jg]YdY<[I ‡ YgI<Gsgk[[Q[OQ[dg]GkEjQ][

    ‡ .]kjQ[O<h</IgpQEI ‡ 6+"<h</IgpQEI /"IhQO[+gQ[EQdYI ‡ ]]hIYs ]kdYIGIEY<g<jQpI/" ‡ 1hI][YsÉhrjI[hQ][ .ORXG1)9LV㼏㼛㼕㼚㼑㼐㻌㼣㼛㼞㼐 .XEHUQHWHV .XEHEXLOGHU&RQWUROOHUUXQWLPH &XVWRP5HVRXUFH)HDWXUH 6'1 $SS « 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU
  66. Y]kG"6¾ ]]hIYs ]kdYIGIEY<g<jQpI/"ddYQE<jQ][h ÇÇ Q[GŸ Q[GŸ NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ VSHF

    VHUYHU^` QHWZRUNV H[WQHWZRUN SULQHWZRUN SULQHWZRUN HQGSRLQWV>@ XkDIEjYIGQjgOOq gI<jI› 1dG<jI 7<jEP NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS VSHF VHUYHU^` QHWZRUNV H[WQHWZRUN SULQHWZRUN SULQHWZRUN NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS VSHF VHUYHU^` QHWZRUNV H[WQHWZRUN SULQHWZRUN SULQHWZRUN gI<jI› 1dG<jI 7<jEP Q[GŸ 7<jEP ]]hIYs ]kdYIG<EP/"ddYQE<jQ][h 䛣䛾ฎ⌮䛾䛹䛣䛛䛷ఱ䛛䛧䜙 +䛾ኻᩋ䛜䝍䜲䝭䞁䜾ၥ㢟䛷㉳䛝䛯䛸䛝 䛭 䜜䜢ゎỴ䛩䜛䛯䜑䛾ᶵᵓ䜢䛭䛣䜙୰䛻ᇙ䜑㎸䜐ᚲせ䛜䛒䜛 
  67. Y]kG"6¾ ]]hIYs ]kdYIGIEY<g<jQpI/"ddYQE<jQ][h /"ddYQE<jQ][+]gj<DQYQjs ÇÈ 5RXWLQJ (QGSRLQW 0DQLIHVW 931 (QGSRLQW

    0DQLIHVW 'LUHFW&RQQHFW (QGSRLQW 0DQLIHVW 7<jEP 7<jEP 7<jEP NLQG1IY0DFKLQH VSHF QHWZRUNV>@ VHUYHU^` VHUYLFHV QDPHIUU LPDJHNQIYIUU QDPHUHORDGHU LPDJHNQIYUHORDGHU gI<jI gI<jI gI<jI 6+" Qg ][[ NLQG1IY0DFKLQH VSHF QHWZRUNV>@ VHUYHU^` VHUYLFHV QDPHIUU LPDJHNQIYIUU QDPHVZDQ LPDJHNQIYOLEUHVZDQ QDPHYHORDGHU LPDJHNQIYYHORDGHU NLQG1IY0DFKLQH VSHF QHWZRUNV>@ VHUYHU^` VHUYLFHV QDPHIUU LPDJHNQIYIUU QDPHGFHORDGHU LPDJHNQIYGFHORDGHU
  68. Y]kG"6¾1hI][YsXÉhIrjI[hQ][ ÇÉ Ɣ ]]Gd]Q[j]NÉh ż ¥Â¦<h$djQZQvQ[OjPIINNQEQI[Es]NQ[N]gZ<jQ][jg<[hNIg ż ¥Ã¦<h.Ih]YpQ[OgIh]kgEIhGIdI[GI[Es ż ¥Ä¦<j<ŸZ]GIY6IghQ][Q[O

    ż ¥Å¦E]ŸhshjIZ ż ¥Æ¦IjE
  69. Y]kG"6¾1hI][YsXÉhIrjI[hQ][ .Ih]kgEIIdI[GI[Es.Ih]YpIgDsXÉhŸNg<ZIq]gXh ÇÊ NLQG5RXWH PHWDGDWD QDPHUW VSHF QH[WKRS W\SH5RXWLQJ*DWHZD\ QDPHJZ

    NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ NLQG5RXWLQJ*DWHZD\ PHWDGDWD QDPHJZ NLQG5RXWLQJ(QGSRLQW PHWDGDWD QDPHJZHS NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS NLQG1IY0DFKLQH PHWDGDWD QDPHJZHS .0 7<jEP FWUO1HZ&RQWUROOHU0DQDJHG%\ PJU  )RU YHUGDYDOSKD5RXWH^`  :DWFKHV  VRXUFH.LQG^7\SH YHUGDYDOSKD5RXWLQJ*DWHZD\^``  KDQGOHU(QTXHXH5HTXHVWV)URP0DS)XQF^ 7R5HTXHVWVKDQGOHU7R5HTXHVWV)XQF UPDSSHU)Q `   &RPSOHWH U
  70. Y]kG"6¾1hI][YsXÉhIrjI[hQ][ Ɣ 7Iq<[jj]]Ekh][$" 9/"YO]gQjPZ ż Ejk<Y"Ijq]gX ][NQOkg<jQ][¥ +dIIg[jIgN<EI<GGgIhhQgIq<YYgkYIh6!Q[hj<[EI¦ ż 7IG][’jq<[jj]N]Ekhj]

    Ŷ ZdYIZI[j+ŸhIgpIg›]DŸZ<[<OIg›[sŸD<hIŸNg<ZIq]gX Ŷ /j<[G<gGQhI›$[D]<gG›[E]kg<OIhshjIZ<gEPQjIEjkgI ÈÁ
  71. Y]kG"6¾1hI][YsXÉhIrjI[hQ][ $dIg<jQ][ Ɣ YY$dIg<jQ][h<gIG][IDsXkDIEjY ż XkDIEjYOIj›IGQj›<ddYsßXQ[Gàß[<ZIà ż XkDIEjYGIhEgQDIßXQ[Gàß[<ZIà ż IE]ŸhshjIZE<[DIkhIG¥Ir<gO]

    ¦ Ɣ 0PIÉh+QhjPIE]gI]NjPIhshjIZ ż ]jPPkZ<[²Z<EPQ[IE<[]dIg<jIhZ]]jPYs ż Ir.]kjIg1dOg<GI  PIEX+gQ"Ij .]kjQ[Oj<DYI pI[jh
  72. Y]kG"6¾1hI][YsXÉhIrjI[hQ][ /shjIZ0g<EQ[O ‡ Y]kG"6 ][jg]YYIgEg<hPIGZd]gj<[j!Ij<G<j<QIYG]N$dI[/j<EX[Ijq]gXGkIj] 1 ‡ <GgIE][EQYIGIhQO[ ‡ !<[sIrjIg[<YŸ<dQ¥]dI[hj<EX¦<EEIhhDsI<EPgIE][EQYI

    ‡ ]ZdYQE<jIGgIE][EQYI<YO]gQjPZ ‡ $kgh]YkjQ][h ‡ ¥Â¦.IE]gGIrjIg[<YhshjIZ<EEIhh<hÉhpI[j ‡ ¥Ã¦1hIhj<jIZ<EPQ[IN]gEkhj]ZgIh]kgEIZ<[<OIZI[j ÈÃ
  73. Y]kG"6¾1hI][YsXÉhIrjI[hQ][ "’h/" ][jg]Y+Y<[IZdYIZI[j<jQ][]kg[Is $kgP<[Gh<YgI<Gs1  ÈÄ <</ qQjP8! Ÿ.+ ¥NkYYŸhEg<jEP¦

    h]Y<jIG ÄpZŸ[q qQjP"Ikjg][Ÿ.+ <[GjEGŸ7<jEP ¥[Ikjg][ŸdYkOQ[¦ /P<gIG ÄpZŸ[q qQjP"Ikjg][Ÿ.+ ¥[Ikjg][ŸdYkOQ[¦ Y]hŸ$gEPIhjg<j]g ²"0<</ qQjPjEGŸ7<jEP ¥NkYYŸhEg<jEP¦ XY]kG[Np ÃÁÂÊ ÃÁÃÁ ÃÁÂÉ ÃÁÂÇ ÃÁà/RDG %DODQFHU 6/ ÂÁ/7 ÆÛ/IgpQEIh &ORV 2UFKHVWUDWRU '16 1$7 2SHQ6WDFN 1HWZRUN 93&1)9
  74. 'D\6HUYLFH'HYHORSPHQW 'D\ Y]kG"6¾1hI][YsXÉhIrjI[hQ][ "’h/" ][jg]Y+Y<[IZdYIZI[j<jQ][]kg[Is $kgP<[Gh<YgI<Gs1  ÈÅ [E<hI]N"0<</¥ÃÁÃÁÁ¯¦ !<g

    dg ID <[ !<s k[ +g]WIEj /j<gj /shjIZIhQO[ /shjIZZdYIZI[j 0IhjŸ[p.IYI<hI .I<YŸ[p.IYI<hI $dIg<jQ][GIhQO[ 7Ps 7P<j ]q Ɣ D<hI[Ijq]gXjIEP[]Y]OspIgQNQE<jQ][ Ɣ D<hIGQhjgQDkjIGhshjIZjIEP[]Y]Os pIgQNQE<jQ][ $dIg<jQ][Qj¥<[hQDYIdY<sD]]Xh¦ $dIg<jQ][!<[k<Y /IgpQEI IpIY$DWIEjQpI /shjIZIpIY]dZI[j Ɣ <hIE]Zd][I[j ¥<dQhIgpIgQ[N]gZ<jQ][Ÿjg<[hNIgG<j<D<hIZ<[QdkY<j]g¦ Ɣ /"<YO]gQjPZ <QYs›7IIXYs0<hX khj]ZIg/kdd]gj [E]kg<OIZIEP<[QhZ j]<[]jPIgZIZDIg GGQjQ][<YI<jkgI <[GZdg]pIZI[j
  75. 'D\6HUYLFH'HYHORSPHQW 'D\ Y]kG"6¾1hI][YsXÉhIrjI[hQ][ "’h/" ][jg]Y+Y<[IZdYIZI[j<jQ][]kg[Is $kgP<[Gh<YgI<Gs1  ÈÆ [E<hI]N"0<</¥ÃÁÃÁÁ¯¦ !<g

    dg ID <[ !<s k[ +g]WIEj /j<gj /shjIZIhQO[ /shjIZZdYIZI[j 0IhjŸ[p.IYI<hI .I<YŸ[p.IYI<hI $dIg<jQ][GIhQO[ 7Ps 7P<j ]q Ɣ D<hI[Ijq]gXjIEP[]Y]OspIgQNQE<jQ][ Ɣ D<hIGQhjgQDkjIGhshjIZjIEP[]Y]Os pIgQNQE<jQ][ $dIg<jQ][Qj¥<[hQDYIdY<sD]]Xh¦ $dIg<jQ][!<[k<Y /IgpQEI IpIY$DWIEjQpI /shjIZIpIY]dZI[j Ɣ <hIE]Zd][I[j ¥<dQhIgpIgQ[N]gZ<jQ][Ÿjg<[hNIgG<j<D<hIZ<[QdkY<j]g¦ Ɣ /"<YO]gQjPZ <QYs›7IIXYs0<hX khj]ZIg/kdd]gj [E]kg<OIZIEP<[QhZ j]<[]jPIgZIZDIg GGQjQ][<YI<jkgI <[GZdg]pIZI[j <sŸ ]hj IpIY]dZI[j $dIg<jQ][ <sß ]hj IpIY]dZI[j $dIg<jQ][
  76. /"!<jkgQjs IpIYh¥GINQ[IGDsZI¦ ÈÇ 0PIPQOPIgjPI IpIY jPIZ]gIjQZI <p<QY<DYIj]j<XI][ [IqEP<YYI[OIh<[G jPIPQOPIgjPI]pIg<YY <EEIYIg<jQ][

    pÆ pÅ pÄ pÃ pÂ Ɣ &DQFRQILJXUHIRUPDQ\1(V Ɣ 2SHUDWRUXVXDOO\ORJLQWRWKH1(WRFKHFNWKH DFWXDOFRQILJXUDWLRQ Û.<dQG g]qjP kj]Z<jIG !<Q[jI[<[EI ÛqQjP $dIg/j<jI kj]Z<jIG ][NQOkg<jQ][ "] kj]Z<jQ][ Ɣ ,QDGGLWLRQWR/HYHO&DQFKHFN RSHUDWLRQVWDWHQRWRQO\FRQILJXUH1( Ɣ ,QPRVWFDVHVRSHUDWRUGRQ WQHHGWR ORJLQWRFKHFNWKHVWDWXV Ɣ $Q6'1DSSOLFDWLRQFDQEHFUHDWHGWRDXWRPDWH HYHQFRPSRQHQWXSJUDGHVDQGPDLQWHQDQFH Ɣ ,WHOLPLQDWHVPRVWRIWKHRSHUDWLRQDOZRUN Ɣ &DQPDVVSURGXFHPRUHDQGPRUH/HYHO6'1 DSSOLFDWLRQVLQDVKRUWSHULRGRIWLPH
  77. +g]GkEjQ][rdIgQI[EIh <[GkjkgI7]gXh ÈÈ

  78. +g]GkEjQ][rdIgQI[EI Éh+ÞÞ QNI Q[I Ɣ Éh+1[hj<DYI]g.  !Qhh ][NQOkg<jQ][Z<XI« ż

    <[’jkdG<jI I<hIŸàYY"6!<EPQ[I<gIWkGOIG<h1[PI<YjPs ż "6!<EPQ[I<gI1[PI<YjPsŸà.]kjI[IrjP]dQh[]jPQ[O« Ɣ 7P<jQh.]]j <khI‹ ż 1hI/"E][jg]YdY<[IZIEP<[QhZ N]gEjk<Y<j<dY<[I<QY]pIg Ɣ 7P<jhP]kYGqIG] ÈÉ
  79. +g]GkEjQ][rdIgQI[EI Éh+ÞÞ QNI Q[I Ɣ Éh+1[hj<DYI]g.  !Qhh ][NQOkg<jQ][Z<XI« ż

    <[’jkdG<jI I<hIŸàYY"6!<EPQ[I<gIWkGOIG<h1[PI<YjPs ż "6!<EPQ[I<gI1[PI<YjPsŸà.]kjI[IrjP]dQh[]jPQ[O« Ɣ 7P<jQh.]]j <khI‹ ż 1hI/"E][jg]YdY<[IZIEP<[QhZ N]gEjk<Y<j<dY<[I<QY]pIg Ɣ 7P<jhP]kYGqIG] ÈÊ
  80. +g]GkEjQ][rdIgQI[EI Éh+ÞÞ QNI Q[I Ɣ /P]gjjIgZddg]<EP ż ¥Â¦][’jGIEgI<hI[IrjP]dhqPI[<YY[IrjP]dQhG]q[ ż ¥Ã¦/j]d.]kjIgIh]kgEIE][jg]YYIg²QgIEj]gs<EEIhh"Ikjg][Ÿ.]kjIŸ+

    Ɣ ][OjIgZddg]<EP ż $pIgY<s[Ijq]gXqQjP + Ŷ $kg..]kjQ[O/.pÇ+.QhZIgOIG Ŷ "IrjqIqQYY<ddYs +][/.pÇ[Ijq]gX ÉÁ
  81. Ɣ GGQjQ][<Y/"dd.]YYQ[O1dG<jI ż !QEg]hIgpQEIh][6"jPIZhIYpIh<gI[]jkdOg<GI<DYI][EIjPI6"QhDkQYj ż 6"<gIGs[<ZQE<YYsEgI<jIG›GIYIjIG¥E<[’jkhI<[hQDYI¦ ż kggI[jYs"6!<EPQ[IE<[DIgIEgI<jIGQ[GQpQGk<YYsDsZ<[k<Y]dIg<jQ][¥WkhjXkDIEjYGIYIjI¦ ż GG<E][jg]YYIgj]I<hQYs<[G<kj]Z<jQE<YYsgINgIhPjPI"6!<EPQ[Ih

    +g]GkEjQ][rdIgQI[EI GGQjQ][<Y/"ddh.]YYQ[O1dG<jI ÉÂ
  82. kggI[j P<YYI[OI¥Â¦ <jIq<s.]YYQ[O1dG<jI Éà 6SHFLDOWKDQNV 7KLVLVKDQGOHGRXUSDUWWLPHVZH <DPDWR6XJDZDUD KWWSVWZLWWHUFRPGUXPDWR

  83. kggI[j P<YYI[OI¥Â¦ <jIq<s.]YYQ[O1dG<jI ÉÄ 0$,17(1$1&( 6SHFLDOWKDQNV 7KLVLVKDQGOHGRXUSDUWWLPHVZH <DPDWR6XJDZDUD KWWSVWZLWWHUFRPGUXPDWR

  84. kggI[j P<YYI[OI¥Â¦ <jIq<s.]YYQ[O1dG<jI ÉÅ 0$,17(1$1&( 6SHFLDOWKDQNV 7KLVLVKDQGOHGRXUSDUWWLPHVZH <DPDWR6XJDZDUD KWWSVWZLWWHUFRPGUXPDWR

  85. kggI[j P<YYI[OI¥Â¦ <jIq<s.]YYQ[O1dG<jI ÉÆ 0$,17(1$1&( 5(&5($7( 6SHFLDOWKDQNV 7KLVLVKDQGOHGRXUSDUWWLPHVZH <DPDWR6XJDZDUD KWWSVWZLWWHUFRPGUXPDWR

  86. kggI[j P<YYI[OI¥Â¦ <jIq<s.]YYQ[O1dG<jI ÉÇ 6SHFLDOWKDQNV 7KLVLVKDQGOHGRXUSDUWWLPHVZH <DPDWR6XJDZDUD KWWSVWZLWWHUFRPGUXPDWR 0$,17(1$1&( .INgIhPIG‰‰

  87. kggI[j P<YYI[OI¥Â¦ <jIq<s.]YYQ[O1dG<jI ÉÈ 6SHFLDOWKDQNV 7KLVLVKDQGOHGRXUSDUWWLPHVZH <DPDWR6XJDZDUD KWWSVWZLWWHUFRPGUXPDWR

  88. kggI[j P<YYI[OI¥Â¦ <jIq<s.]YYQ[O1dG<jI ÉÉ 6SHFLDOWKDQNV 7KLVLVKDQGOHGRXUSDUWWLPHVZH <DPDWR6XJDZDUD KWWSVWZLWWHUFRPGUXPDWR

  89. kggI[j P<YYI[OI¥Â¦ <jIq<s.]YYQ[O1dG<jI ÉÊ 1(;70$,17(1$1&( 6SHFLDOWKDQNV 7KLVLVKDQGOHGRXUSDUWWLPHVZH <DPDWR6XJDZDUD KWWSVWZLWWHUFRPGUXPDWR

  90. +g]GkEjQ][rdIgQI[EI .IhjgkEjkgI kggI[j/IgpQEIqQjPY]kG"6¥"0<</¦ Ɣ .IhjgkEjkgIEkggI[jhIgpQEIqQjPY]kG"6"0<</ ÊÁ .XEHUQHWHV .XEHEXLOGHU&RQWUROOHUUXQWLPH &XVWRP5HVRXUFH)HDWXUH 6'1

    $SS « 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU 1$7DD6,QIUD 1$7DD6%DVH )UDPHZRUN 6'1 $SS 6'1 &RQWUROOHU .XEHUQHWHV .XEHEXLOGHU&RQWUROOHUUXQWLPH &XVWRP5HVRXUFH)HDWXUH 6'1 $SS « 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU 6'1 $SS 6'1 &RQWUROOHU 7HFKQLFDOGHEW
  91. $pIg<YY/kZZ<gs ‡ 6Qgjk<Y+gQp<jI Y]kGI<jkgIQh[IIGIG ‡ [Ng<ŸkhIggIfkQgIh]Y<jQ][<[Gk[EjQ][<YQjsQ[EY]kG[Ijq]gX ‡ 6+ ÞÞh]Y<jIG"Ijq]gXqQjP"6hIgpQEIh ‡

    IhQO[Q[O/"ŸdY<[IN]g6+ ‡ 6! <hIG6" YkhjIg][<EP0I[<[jN]g6+ ‡ !<[s]jPIg]djQ][h¥hkZZ<gQvIGIhQO[d<jjIg[¦ ‡ IhQO[Q[O/" ŸdY<[IN]g6+ ‡ ]qG]djQ[OÉh][/"Q[Ng<hjgkEjkgINg<ZIq]gX ‡ .² khj]Z ][jg]YYIg<h/"<ddYQE<jQ][² "Ijq]gX[N]gZ<jQ][ <hIQ[ÉhgIh]kgEIh ‡ QOPIg-k<YQjsGIpIY]dZI[jQ[</P]gjIg+IgQ]G ‡ IpIY]d›$dIg<jQ][rdIgQI[EIh ‡ /]ZI "’hhIgpQEI<YgI<GskhI6+ Q[]kjdgQp<jIEY]kG ÊÂ
  92. KWWSVOLQHFRUSFRPMDFDUHHUSRVLWLRQ KWWSVOLQHFRUSFRPMDFDUHHUSRVLWLRQ ÊÃ