!

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

!"#$"%$&' (' )#$"%$&

!"#!"$%&!'(#)(&#"#$%&'('*%
)'*+%&,+# *# -&.*/)%01&")"#
+.-$/,#*&#"!-#!$"!-

;B-/,+1+0&D(%/(1&%/>&-/145*(,+(%/D(/D&14/14&*+D(;<eAE(;?<;J(.(!<;e(@/-/D/#+H

!"#$%&'()*#+*,+-(.(/#+*,+-(/%(/%$0*/,&(1&*(,2314#(,+(/#+*145*(+(647+-/1894,/,(:./01,#*&#"!-#!$"!-2
;$#&-"/'(<+7/-#/0+*#&(,+(),$1/145*(,+%(=&>4+-*&(,+(?/9/--/(:@+-9414&(,+(AB$/%,/,(,+(C7&-#$*4,/,+DE(
F/-8147/145*(+,$1/89/(.(;#+*145*(/%(F-&G+D&-/,&H(IJ))?;K
L(=&>4+-*&(,+(?/9/--/
( <+7/-#/0+*#&(,+(),$1/145*
MN(+,4145*(:OPMOK
A%$D#-/145*'((!"#$%&'(#')*+%&E(MQRPE(,+(F4+#+-(S-$+B+%E(T$D+&(U$*D#64D#&-4D16+DE(V4+*/
<4D+W&(B-X31&'(;*/(I&>&
A@S?'(YZ[\[]\O^Q\^^MO\M
<H_H'(?;\MMMO`OPMO
F-&0&145*(.(,4D#-4>$145*'(
( a&*,&(,+(F$>%41/14&*+D(,+%(=&>4+-*&(,+(?/9/--/
( 1`(?/9/D(,+(!&%&D/E(OM
( ^MPPO(F;TF_C?;
( !+%2G&*&'([][(]OZ(MOM
( a/b'([][(]OZ(MO^
( G&*,&H7$>%41/14&*+Dc*/9/--/H+D
( dddH*/9/--/H+D`7$>%41/14&*+D

+
!"#$#%&'()*%
_/(+,$1/145*(6/1+(7&D4>%+(+%(/11+D&(/($*/(94,/(7+-D&*/%(
0/,$-/E(-+D7&*D/>%+(.(/$#5*&0/H(?$+D#-/(04D45*E(7&-(
+%%&E(6/(,+(B/-/*8f/-(+31/f0+*#+(%/(4B$/%,/,(,+(&7&-#$\
*4,/,+D(+*(+%(/11+D&(/(+D#+(D+-9414&(7g>%41&H

_/D( B$"/D( j$+( 7-+D+*#/0&D( G&-0/*( 7/-#+( ,+( +D#/D( /1\

#$/14&*+D(.(7-+#+*,+*(D+-($*(/7&.&(+31/f(7/-/(+%(7-&\
G+D&-/,&( .( %&D( &-4+*#/,&-+D( .( G/14%4#/-( +%( 7/7+%( *$1%+/-(
j$+(+h+-1+*(/(#-/92D(,+(%/(/#+*145*(+,$1/89/(+D7+1"31/(
/%(/%$0*/,&H(@$(#-/>/h&(.(D$(,+,41/145*(0+-+1+*(#&,&(
*$+D#-&(-+1&*&1404+*#&H(

_/( /#+*145*( /( %/D( *+1+D4,/,+D( +D7+1"31/D( ,+( /7&.&(

+,$1/89&(1&*D8#$.+($*/(+b4B+*14/(4*1$+D8&*/>%+(7/-/(
+%(%&B-&(,+(+D#&D(&>h+89&DH(i(+*#-+(+D/D(*+1+D4,/,+D(D+(
*&)$*&34!&# "!-# !"#$%&'(!)*+ )*,)$-#$(*+ !)+ (,.)/!"0(1)E(
j$+(,+>+*(D+-(&>h+#&(,+(,+#+1145*E(4,+*831/145*(+(4*\
#+-9+*145*( #+07-/*/D( 7/-/( 7-+9+*4-( +%( 7&D4>%+( G-/1/D&(
+D1&%/-E(4*1%$D&(7+-D&*/%(,+($*(/%$0*&H

_&D( 1641&D( .( 1641/D( j$+( D+( 9+*( /G+1#/,&D( 7&-( !<;\e( &(
7&-(!;E(h$*#&(/(D$D(G/04%4/DE(6/*(D4,&(.(D+B$4-X*(D4+*,&(
&>h+#&(,+(*$+D#-/(/#+*145*E(,+(*$+D#-&(/7&.&(+(4*#+-2D(
/( %/( 6&-/( ,+( -+1&*&1+-( %&D( ,+-+16&D( j$+( 3B$-/*( +*( %/(
C-,+*(a&-/%E(74&*+-/(+*(*$+D#-/(I&0$*4,/,(.(j$+(#/*#/(
,+0/*,/(D$D14#/>/H

)%( <+7/-#/0+*#&( ,+( ),$1/145*( +D( 1&*D14+*#+( ,+( %/D(

*+1+D4,/,+D(,+(%&D(+D1&%/-+D(,4/B*&D81/,&D(7&-(23#$"'+
!)+ 4')/$"5/+ )+ 6",).($78"!(!+ 9:24;6<# 5# :.(*'=./=*+ !)+
4,.)/!"0(1)+9:4<H()D#/(14-1$*D#/*14/(*&D(%%+95(/(%/(7$>%4\
1/145*( ,+( %/( C-,+*( a&-/%( RQ`OPMO( ,+( M[( ,+( h$*4&E( j$+(
7-+14D/( .( -+B$%/( %/D( 0+,4,/D( ,+( /#+*145*( +,$1/89/( /%(
/%$0*/,&(1&*(*+1+D4,/,(+D7+1"31/(,+(/7&.&(+,$1/89&(
,+-49/,/(,+($*&($(&#-&(87&(,+(#-/D#&-*&H

I&*1%$.&(0&D#-/*,&(04(B-/8#$,(6/14/(#&,&D(%&D(j$+(6/*(
1&%/>&-/,&(+*(j$+(*$+D#-&D(&>h+89&D(D+(1&*94+-#/*(+*(
$*/(-+/%4,/,(.(/(j$4+*+D(,+D,+(+%(X0>4#&(7-&G+D4&*/%(&(
,+D,+(%/D(G/04%4/D(.(%/D(/D&14/14&*+DE(G/9&-+1+-X*(%/(0XD(
4,5*+/(/7%41/145*(+*(?/9/--/H
_/( 4B$/%,/,( ,+( &7&-#$*4,/,+D( +D( +D+*14/%( +*( 1$/%j$4+-(
X0>4#&( .E( 0XD( D4( 1/>+E( +*( +%( +,$1/89&E( ,+D,+( +%( j$+(
#-/>/h/0&D(,"/(/(,"/(7/-/(G&-h/-(6&0>-+D(.(0$h+-+DE(%&D(
,+%(G$#$-&E(0XD(1/7/1+D(.(0XD(%4>-+DH()*(%/(+,$1/145*(,+(
1/,/($*&(,+(*$+D#-&D(/%$0*&D(*&(D5%&(+D#X(+*(h$+B&(D$(
G$#$-&( 7-&G+D4&*/%E( #/0>42*( D$( G$#$-&( 7+-D&*/%H( <+( /6"(
*$+D#-/D(+%+9/,/D(/D74-/14&*+D(7/-/(,&#/-%+DE(,+D,+($*/(
4B$/%,/,( -+/%( ,+( &7&-#$*4,/,+DE( ,+( %/( +,$1/145*( j$+(
7-+14D/*(1&*(%/(0/.&-(1/%4,/,H

)D(%5B41&(j$+(h$*#&(/(%/(7-+D+*14/(,+($*/(*&-0/(94*1$\
%/*#+(j$+(/#-4>$.+(,+-+16&D(/%(/%$0*/,&E(7-&0&9/0&D(
/1#$/14&*+D( .( 0/#+-4/%+D( G&-0/89&D( 7/-/( %/( /1#$/%4f/\
145*( ,+( %&D( 1&%+189&D( 7-&G+D4&*/%+D( j$+( /#+*,+-X*( /%(
/%$0*/,&(1&*(!;(.(!<;\eH(
?&( 7$+,&( ,+h/-( ,+( 4*D4D8-( +*( %/( 407&-#/*14/( ,+( %/( ,+\
#+1145*(+(4,+*831/145*(#+07-/*/E(%/(4*#+-9+*145*(+,$\
1/89/(1&--+1#/E(.(j$4+-&(D$>-/./-%&E(%/(&-4+*#/145*(j$+(
7&,/0&D(&G-+1+-(/(%/D(G/04%4/DH

234#(5/&6)4(78+%-*9("*(:3)"3
I&*D+h+-&(,+(),$1/145*(,+%(=&>4+-*&(,+(?/9/--/

+
)%,)(#

23.'*-"44253#222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (Q
67%89":%(,%()%.-$/;#22222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (R
MHMH( <+#+1145*(.(,4/B*5D81&#222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (Z
MHOH( !-/#/04+*#&#2222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (Y
<7%4$'$4.('#,.24$,%=%3(4(,2-$-(,%$,*42$-$,%$%.-$/#222222222222222222222222222222222222222222222222222222222222 (MP
OHMH( I/-/1#+-"D81/D(*$1%+/-+D#22222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (MP
OHMHMH( A*/#+*145*#2222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (MP
OHMHOH( e47+-/1894,/,#222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 #66
OHMH^H( A07$%D494,/,#222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 #66
OHOH( C#-/D(1/-/1#+-"D81/D#2222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (MO
OHOHMH( a$*14&*/04+*#&(I&B*489&#22222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (MO
OHOHOH( a$*14&*/04+*#&(@&14&\(+0&14&*/%#22222222222222222222222222222222222222222222222222222222222222222222222222 (M^
OH^H( <431$%#/,+D(,+(/7-+*,4f/h+#22222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (M^
OH^HMH( _+1#$-/#222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (M]
OH^HOH( )D1-4#$-/2222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (M]
OH^H^H( T/#+0X81/D#222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (MQ
OH]H( I/-/1#+-"D81/D(+D7+1"31/D(,+(1/,/(+#/7/(+,$1/89/#222222222222222222222222222222222222222222222222222222222222 (MR
07%&$".$,%&$'$%)$%'(,&"(,.$%(-"4$.2>$#22222222222222222222222222222222222222222222222222222222222222222222222222222222222 (MZ
^HMH( C-4+*#/14&*+D(B+*+-/%+D#222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (M[
^HMHMH( C-B/*4f/89/D(.(0+#&,&%5B41/D#22222222222222222222222222222222222222222222222222222222222222222222222222222222 (M[
^HMHOH( ;D7+1#&D(-+%/14&*/,&D(1&*(+%(1&07&-#/04+*#&#222222222222222222222222222222222222222222222222222222 (OP
^HMH^H( ;D7+1#&D(D&14&\+0&14&*/%+D#22222222222222222222222222222222222222222222222222222222222222222222222222222222222 (OP
^HOH( F/$#/D(,4G+-+*14/,/D(7&-(+#/7/(+D1&%/-#2222222222222222222222222222222222222222222222222222222222222222222222222222222 (OO
^HOHMH( F-40/-4/#2222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (OO
^HOHOH( @+1$*,/-4/#222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (OZ
^HOH^H( )D#-/#+B4/D(,+(4*#+-9+*145*(+*(%/D(,431$%#/,+D(+D7+1"31/D((,+%(/7-+*,4f/h+#22222222222 (^P
^HOH]H( )D#-/#+B4/D(.(7/$#/D(7/-/(+bX0+*+D(.(+9/%$/14&*+D#22222222222222222222222222222222222222222222222 (^^
'(4"',*,%-2-?4.24*,%=%-(%$&*=*%$)%&'*+(,*'$-*#222222222222222222222222222222222222222222222222222222222222222 (^Q
:5:;5<=>?@A?#2222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222222 (^Q

+
)%&"*,-(()*%
B4')(CDE)(0*+*(D+("36F*(36G*013H#

! F-&7&-14&*/-( /%( 7-&G+D&-/,&( &+I3/J)%&,+( D&>-+( %/(

*/#$-/%+f/( ,+%( K/)4'3/+3( .3/( L#$%&'( "*( ?'*+%&,+(
*( M&.*/)%01&")"( :!<;eKE( ,+( G&-0/( j$+( /.$,+( /(
1&07-+*,+-(%/D(1/-/1#+-"D81/D(.(*+1+D4,/,+D(+,$1/89/D(
+D7+1"31/D( j$+( 7$+,+*( 7-+D+*#/-( /%B$*&D( /%$0*&D( .(
/%$0*/D(/(%&(%/-B&(,+(D$(7-&1+D&(,+(/7-+*,4f/h+H

! CG-+1+-($*/(D+-4+(,+(.)D')4(N(*4'/)'*C&)4(j$+(&-4+*#+*(
.(/7&.+*(/%(7-&G+D&-/,&(+*(%/(-+/%4f/145*(,+(%&D(/h$D#+D(
0+#&,&%5B41&D( .( ,+( +9/%$/145*( j$+( 7-&7414+*( +%( 2b4#&(
*-)("!4#'*#3('(#-$#!"$%&!'(2#

! @+(>$D1/(/D"(G/9&-+1+-(%/(

&CD)F")"("*(3.3/'D+&")"*4(
*"D%)01)4#5#43%&)F*4(/(%&(%/-B&(
'*#'3")4(F)4(*').)4(*"D%)01)4E(
4*1%$.+*,&(%/(&-4+*#/145*(7/-/(
%/(4*D+-145*(%/>&-/%H

./

78$9#*-#*"#.-$/:#
)%( <2314#( ,+( ;#+*145*( +( e47+-/1894,/,( :!<;eK( +D( 1&*D4,+-/,&(
$*( #-/D#&-*&( ,+%( 1&07&-#/04+*#&E( /D"( D+( -+1&B+( +*( %/( I%/D43\
1/145*(A*#+-*/14&*/%(,+()*G+-0+,/,+D(:IA)\MPK(.(+*(+%(T/*$/%(
<4/B*5D81&( .( )D#/,"D81&( ,+( %&D( !-/D#&-*&D( T+*#/%+D( :<@T\AV\
!JKE(+*(+%(/7/-#/,&(,+(!-/D#&-*&D(,+(4*414&(+*(%/(4*G/*14/E(%/(*4W+f(
&(%/(/,&%+D1+*14/H(

?&(#&,&D(%&D(*4W&D(1&*(!<;e(0/*43+D#/*(%&D(04D0&D(D"*#&0/D(
*4(+*(%/(04D0/(4*#+*D4,/,H(<+7+*,4+*,&(,+(%&D(D"*#&0/D(7-+,&\
04*/*#+DE(D+(7-+D+*#/*( #-+D(D$>87&D'( D$>87&( 1&*( 7-+,&04*4&(
,+%(,2314#(,+(/#+*145*n(D$>87&(1&*(7-+,&04*4&(647+-/189&`40\
7$%D49&n(.(D$>87&(1&0>4*/,&H()D#+(g%80&(+D(+%(0XD(G-+1$+*#+E(
D4+*,&(0XD(GX14%(,+(,+#+1#/-(7&-(%/D(1&*,$1#/D(,4D-$789/DH

)D($*(#-/D#&-*&(,+(&-4B+*(*+$-&>4&%5B41&(j$+(D+(4*414/(+*(%/(+,/,(
4*G/*8%E(1&*#-4>$.+*,&(,49+-D&D(G/1#&-+D(B+*281&D(.(/0>4+*#/\
%+D(/(D$(/7/-4145*H(_/D(g%80/D(4*9+D8B/14&*+D(/7$*#/*(/(j$+(+*(
+D#+( #-/D#&-*&( D+( 7-&,$1+( $*( ,+D+j$4%4>-4&( ,+( /%B$*&D( *+$-&\
#-/*D04D&-+DE(j$+(D&*(%&D(-+D7&*D/>%+D(,+%(G$*14&*/04+*#&(,+(
%/(1&-#+f/(7-+G-&*#/%H

)*( $*( /%#&( 7&-1+*#/h+( %&D( *4W&D( j$+( 7-+D+*#/*( !<;e( /D&14/*(
&#-&D(#-/D#&-*&DE(D4+*,&(%&D(0XD(G-+1$+*#+D(+%(#-/D#&-*&(*+B/8\
94D#/(,+D/3/*#+E(%&D(#-/D#&-*&D(,+(/7-+*,4f/h+(:,4D%+b4/E(,4D1/%1$\
%4/KE(#-/D#&-*&D(7&-(81D(.(%&D(#-/D#&-*&D(,+(/*D4+,/,H(

_&D( +D#$,4&D( *+$-&7D41&%5B41&D( 6/*( ,+0&D#-/,&( j$+( %&D( *4W&D(

.(*4W/D(1&*(!<;e(7-+D+*#/*(/%#+-/14&*+D(+*(%/D(G$*14&*+D(+h+\
1$89/DE( j$+( %+D( 1/$D/*( ,431$%#/,+D( +*( %/( &-B/*4f/145*E( +*( %/(
7%/*431/145*E(.(+*(%/(7-4&-4f/145*E(/,+0XD(,+(,2314#(,+(/#+*145*(
.(7-+1474#/145*(,+(%/(-+D7$+D#/H(
)%(!<;e(D+(1/-/1#+-4f/(7&-(7-+D+*#/-($*(7/#-5*(7+-D4D#+*#+(,+(
,+D/#+*145*( .`&( 647+-/1894,/,\407$%D494,/,E( j$+( +D( 0XD( G-+\
1$+*#+(.(B-/9+(j$+(%&(&>D+-9/,&(6/>4#$/%0+*#+(+*(%&D(D$h+#&D(
,+(+,/,(.(*49+%(,+(,+D/--&%%&(D404%/-(+(4*#+-3+-+(+*(%/(94,/(1&8\
,4/*/(+*(1/D/E(%/(+D1$+%/(.(D$(+*#&-*&(+*(B+*+-/%H
;D"( 7$+DE( +%( !<;e( 1/$D/( $*/( D+-4+( ,+( /%#+-/14&*+D( ,+( ,49+-D&(
B-/,&(+*(%/D(X-+/D(1&07&-#/0+*#/%E(1&B*489/(.(D&14&+0&14&*/%H(
@+(+D80/(j$+(/G+1#/(/7-&b40/,/0+*#+(/%(^\Zm(,+(%/(7&>%/145*(
+*( +,/,( +D1&%/-( :1&*( 0XD( 7-+9/%+*14/( +*( %&D( *4W&D( j$+( +*( %/D(
*4W/DKE(7&-(%&(j$+(+D(+%(#-/D#&-*&(0XD(G-+1$+*#+(+*(%/(4*G/*14/(.(
%/(/,&%+D1+*14/H(
=kl;(<)_(FJCa)@CJ;<C

OPD#(*4(*F(KL?MQ(

-(,$.(34253
"' >=+,.)*'(+*%#$")/')+(')/$"5/+(+&=*+!)'(&&)*?+=+$=@)')+)..=.)*+,=.+

!)*$%"!=+)/+*%*+'(.)(*+)*$=&(.)*+=+)/+='.(*+($78"!(!)*A

MHMH(<+#+1145*(.(,4/B*5D81&

"+ :")/)+!"#$%&'(!)*+,(.(+@(/')/).+&(+(')/$"5/+)/+'(.)(*+=+($78"!(!)*+

&B!"$(*A

_/( D&D7+16/( ,+( j$+( $*( /%$0*&( 7$+,/( #+*+-( !<;e( 7$+,+(
D$-B4-( +*( +%( X0>4#&( G/04%4/-E( +*( 7+,4/#-"/( &( +*( +%( X0>4#&(
+D1&%/-E(7&-(%/(7-+D+*14/(,+(D"*#&0/D(,+(,+D/#+*145*E(647+\
-/1894,/,(+(407$%D494,/,E(/,+0XD(,+(,431$%#/,+D(,+(/7-+*\
,4f/h+E(,+(-+*,404+*#&(.(,+(D&14/%4f/145*H

"' >=+,(.)$)+)*$%$C(.+$%(/!=+*)+&)+C(D&(+!".)$'(@)/')A
"' >=+*"E%)+&(*+"/*'.%$$"=/)*+F+/=+#/(&"0(+&(*+'(.)(*+)*$=&(.)*+*"/+G%)+

)&&=+*)+!)D(+(+%/+$=@,=.'(@")/'=+/)E(78"*'(+=+"/$(,($"!(!+,(.(+
$=@,.)/!).+&(*+"/*'.%$$"=/)*A

k*/(9+f(j$+(D+(6/(,+#+1#/,&(/%Bg*(D4B*&(,+(/%+-#/E(D+(7&*\
,-X( +*( 0/-16/( +%( R/3'3%3F3( "*( L*/&1)%&,+( N( K/)4.)43( "*(
5+I3/J)%&,+H(K/)4'3/+3(.3/(L#$%&'("*(?'*+%&,+(%3+(M&.*/S
)%01&")"(TKL?MU(*+(+&V34(N()"3F*4%*+'*42#

"' :")/)+!"#$%&'(!+,(.(+=.E(/"0(.+&(*+'(.)(*A

<+*#-&(,+(+D#+(7-&1+D&E(+*(%&(j$+(1&*14+-*+(/%(1+*#-&(+D1&\
%/-E(D+(7&*,-X(+*(0/-16/(+%(7-&1+D&(,+(+9/%$/145*(7D41&7+\
,/B5B41/E(/-81$%/,/( 7&-( +%(&-4+*#/,&-E( j$4+*( D+( +*1/-B/-X(
,+(-+/%4f/-(%/D(7-$+>/D(7+-8*+*#+D(/%(/%$0*&(.(,+(&>#+*+-(
%/(4*G&-0/145*(*+1+D/-4/(,+%(#$#&-E(,+%(+j$47&(,&1+*#+(.(,+(
%/(G/04%4/H(

"' H*+!)*$%"!(!=+)/+&(*+($78"!(!)*+!)+&(+8"!(+!"(."(A

"' H8"'(?+&)+!"*E%*'(+=+)*+.)/%)/')+(+!)!"$(.*)+(+'(.)(*+G%)+.)G%").)/+

)*I%).0=+@)/'(&+*=*')/"!=+9($78"!(!)*+)*$=&(.)*+F+='.(*<A

"' HJ'.(8-(+=D1)'=*+/)$)*(."=*+,(.(+'(.)(*+=+($78"!(!)*A

/2&('$4.2>2-$"' K%)8)+)/+)J$)*=+&(*+@(/=*+=+&=*+,")*+=+*)+.)@%)8)+)/+*%+(*")/'=A
"' 4D(/!=/(+*%+(*")/'=+)/+)&+(%&(+=+)/+='.(*+*"'%($"=/)*+)/+G%)+*)+

)*( 1$/*#&( /%( ,4/B*5D81&E( +D( 407&-#/*#+( D+W/%/-( j$+( +D(

+b1%$D49/0+*#+(1%"*41&E(,+>+(6/1+-%&($*(7-&G+D4&*/%(1%"*41&(
1&*(G&-0/145*(.(+b7+-4+*14/(+*(+%(,4/B*5D81&(,+%(!<;e(.(
j$+(7$+,/(-+/%4f/-($*(,4/B*5D81&(,4G+-+*14/%(+b6/$D89&H(

)*,).(+G%)+,).@(/)0$(+*)/'(!=A

"' L=..)+=+*(&'(+)J$)*"8(@)/')+)/+*"'%($"=/)*+)/+&(*+G%)+)*+"/(,.=,"(!=+

C($).&=A

"' :")/)+!"#$%&'(!)*+,(.(+1%E(.+=+!)!"$(.*)+$=/+'.(/G%"&"!(!+(+

F/-/(+D#/>%+1+-%&(D+(/7%41/*(1-4#+-4&D(,+3*4,&D(.(1&*#-/D#/\
,&DE(-+1&B4,&D(+*(,&D(D4D#+0/D(,+(1%/D431/145*(4*#+-*/14&\
*/%E(+%(<@T\AV\!J(.(%/(IA)\MPH(

($78"!(!)*+!)+=$"=A

"' M%)&)+@=8).*)+=+($'%(.+$=@=+*"+'%8").(+%/+@='=.A
"' 6(D&(+)/+)J$)*=A

;(-#4E+'3J)4(j$+(-+1&B+(+%(
!
<@T\AV\!J(D&*(%&D(D4B$4+*#+D

2C&"),2>2-$"' N.)$","'(+.)*,%)*'(*+(/')*+!)+C(D).+*"!=+$=@,&)'(!(*+&(*+,.)E%/'(*A
"' :")/)+!"#$%&'(!)*+,(.(+E%(.!(.+)&+'%./=A
"' O/')..%@,)+F+*)+"/@"*$%F)+)/+&(*+($78"!(!)*+!)+='.=*A

=kl;(<)_(FJCa)@CJ;<C

OPD#(*4(*F(KL?MQ(

+
0*%1234)5#$1
!'"'1
$*5-()*%'"1
!"*45#6'$/

0)#6!"#1
+
#$&3%1
,)$!-#$&*$1
'1'7-,'"/

?LBWX7(7B(KBYL>X(BY(Z[BYK?H
)D( 407&-#/*#+( D+W/%/-( j$+( *&( #&,&( *4W&( 0&94,&( &( ,+D74D#/,&(
8+*+($*(#-/D#&-*&H(_&(j$+(%%+9+(/%(,4/B*5D81&(D+-X(%/(G-+1$+*14/(
.(%/(4*#+*D4,/,(,+(%/D(0/*4G+D#/14&*+DE(/D"(1&0&(+%(,+#+-4&-&(+*(
%&D(X0>4#&D(+D1&%/-E(G/04%4/-(.(D&14/%H

"' M"+C(/+,).*"*7!=+,=.+&=+@)/=*+!%.(/')+P+@)*)*A
"' M"+(&EB/+*-/'=@(+C(+(,(.)$"!=+(/')*+!)+&=*+Q+(R=*A
"' M"+&(+"/')/*"!(!+F+I.)$%)/$"(+!)+&(+$=/!%$'(+C",).($78(?+

"@,%&*"8(+FS=+!3#$"'+!)+(')/$"5/+)*'T+,=.+)/$"@(+!)+&=+
)*,).(!=+,(.(+&(+)!(!+$.=/=&5E"$(+F+@)/'(&+!)&+/"R=S(A

R)/)(*4')6F*%*/(*F("&)C+,40%3("*(KL?M#4*(.D*"*+(&+%FD&/("&1*/S
4)4(1)F3/)%&3+*4H

"' M"+&=*+*-/'=@(*+$.)(/+!"#$%&'(!)*+!)+(!(,'($"5/+)*$=&(.?+

!# \)F3/)%&,+(.4&%3F,C&%)(7/-/(+D#/>%+1+-(1/7/14,/,+D(.(
%404#/14&*+D(,+%(*4W&H

*=$"(&+=+I(@"&"(.A

"' M"+*)+,.)*)/'(/+)/+!=*+=+@T*+(@D")/')*A

!# \)F3/)%&,+(.4&%3.*")C,C&%)(7/-/(9/%&-/-(%/(7-+D+*14/(
&(*&(,+(G-/1/D&(+D1&%/-H

"' M"+&=*+*-/'=@(*+G%)+,.)*)/'(+,%)!)/+!)D).*)+(+='.=+7,=+

!)+'.(*'=./=A

!# \)F3/)%&,+( J#"&%)( 7/-/( ,+D1/-#/-( &( 1&*3-0/-( +*\

G+-0+,/,+D( j$+( 7$,4+-/*( +b7%41/-( %&D( D"*#&0/D( j$+(
7-+D+*#/(+%(*4W&H

_/D(1&*,$1#/D(,+%(!<;e(7$+,+*(D&%/7/-D+(&(1&+b4D8-(1&*(%/D(,+(
&#-&D(#-/D#&-*&D(1&0&(#-/D#&-*&(,+%(%+*B$/h+E(/7-+*,4f/h+E(1&*\
,$1#/E(+#1HE(7&-(%&(j$+(+D(*+1+D/-4&(6/1+-($*(/,+1$/,&(,4/B*5D\
81&(,4G+-+*14/%H(@+(/1&*D+h/(9/%&-/-E(+*(%/(0+,4,/(,+(%&(7&D4>%+E(
%/(+b4D#+*14/(,+(&#-&D(G/1#&-+D(:02,41&DE(7D41&D&14/%+DE(7D4j$4X\
#-41&DK(j$+(7$+,/*(+b7%41/-E(/%(0+*&D(+*(7/-#+E(%/(D4*#&0/#&%&B"/(
647+-/189/`4*/#+*#/E(7&-(+h+07%&E(1/0>4&D(-+14+*#+D(+*(%/(94,/(
,+%( *4W&( :D+7/-/145*( ,+( %&D( 7/,-+DE( 1/0>4&( ,+( ,&0414%4&( &( ,+(
)*&34(222,2

=kl;(<)_(FJCa)@CJ;<C

OPD#(*4(*F(KL?MQ(

MHOH(!-/#/04+*#&(0$%8,4D147%4*/!#Y&+CD+)(,+(+D#/D(4*#+-9+*14&*+D(
+D(+b1%$D49/n(*&(7$+,+E(*4(,+>+E(
D$D8#$4-(/(%/D(,+0XDH

)%(#-/#/04+*#&(j$+(6/(,+0&D#-/,&(0/.&-(+G+1894,/,(/(%/(6&-/(
,+( #-/>/h/-( 1&*( +%( /%$0*/,&( 1&*( ,4/B*5D81&( ,+( !<;e( +D( +%(
0$%8,4D147%4*/-E( #/0>42*( %%/0/,&( 0$%80&,/%H( B4'3( 4D.3+*(
%3J6&+)/(4&JDF'8+*)J*+'*('/)')J&*+'34("*(0.3(I)/J)%3F,C&S
%3](.4&%3F,C&%3(N(.4&%3.*")C,C&%32#

*&)#)+,$"#-'./,0-.$%12-2,0BF( '/)')J&*+'3( .4&%3.*")C,C&%3( '/)6)G)( 436/*(

F)( /*.*/%D4&,+( "*F( KL?M( *+( *F( ./3%*43( "*(
*+4*V)+9)S)./*+"&9)G*E( 7/%4/*,&( %&D( +G+1\
#&D( *+B/89&D( j$+( 7$+,+( 7-+D+*#/-E( /D"(
1&0&( ,&#X*,&%&( ,+( %/D( 6+--/04+*#/D(
/,+1$/,/D(7/-/(/>&-,/-(%/D(D4#$/14&*+D(
,+(/7-+*,4f/h+(,+($*(0&,&(0XD(+31/fH

*&)#)+,$"#-'5)&+)0-342,0Z3+(*F('/)')J&*+'3(I)/J)%3F,C&%3(4*(
'/)')("*(-)%*/(/*J&0/(F34(4E+'3J)4(
684&%34("*F('/)4'3/+32#
)D(G$*,/0+*#/%(j$+(%/(0+,41/145*(
D+/(1&*#-&%/,/(7&-($*(02,41&(+b\
7+-#&( +*( +%( #-/D#&-*&H( F/-/( 7&,+-(
/h$D#/-%/E(+*(/%B$*/D(&1/D4&*+DE(/%(
7-&G+D&-/,&( D+( %+( 7+,4-X( 4*G&-0/\
145*(D&>-+(%/(+9&%$145*(,+%(/%$0*&H

_/(4*#+-9+*145*(,+>+(4*1%$4-(,4G+-+*#+D(
/D7+1#&DE(1&0&(7&-(+h+07%&'
"(eX>4#&D(.(#21*41/D(,+(+D#$,4&H
"()D#-/#+B4/D(7/-/(%/(7-+7/-/145*(,+(

+bX0+*+DH
"(A,+*831/145*(.(7&#+*14/145*(,+(%/D(
6/>4%4,/,+D(7&D489/D(,+%(/%$0*&H

*&)#)+,$"#-'./,0-342,0;34( '/)')J&*+'34( .4&%3F,C&%34( ^D*( -)+( "*J34'/)"3( J)S

N3/(*$%)%&)(.)/)(*F(KL?M(4*(6)4)+(*+(F34(./&+%&.&34("*(F)(
'*/).&)(%3C+&013S%3+"D%'D)F_(
<416&(#-/#/04+*#&(1&*%%+9/(%/D(D4B$4+*#+D(4*#+-9+*14&*+D'

=kl;(<)_(FJCa)@CJ;<C

OPD#(*4(*F(KL?MQ(

"(!+-/74/(,+(1&*,$1#/(1&*(+%(/%$0*&H
"()*#-+*/04+*#&(+*(6/>4%4,/,+D(D&14/%+DH
"#!+-/74/(1&B*489/H
"#)*#-+*/04+*#&(7/-/(7/,-+DH

Z)/)%'*/E40%)4#5#+*%*4&")"*4#
/D&14/,/D(/(!<;e

!(W)+&I*4')%&3+*4(J84(%3JD+*4(*+(*F(*+'3/+3(*4%3F)/H
"#M%+.)/!"@")/'=+)/+)&+'.(D(1=+*%)&)+*).+8(."(D&)+)+"/$=/*"*')/')A+
"#M=/+/"R=*+!)*=.E(/"0(!=*?+!"*'.(-!=*?+G%)+/=+$=@,&)'(/+*%*+

OHMH(I/-/1#+-"D81/D(*$1%+/-+D

'(.)(*A

"#U)*+$%)*'(+V,=/).*)+)/+@(.$C(VA+

_&D(#-+D(D"*#&0/D(*$1%+/-+D(:G/%#/(,+(/#+*145*E(647+-/1894,/,(+(
407$%D494,/,KE(j$+(1/-/1#+-4f/*(+%(!<;eE(1&*%%+9/*($*/(D+-4+(,+(
0/*4G+D#/14&*+D(+*(+%(X0>4#&(+D1&%/-(j$+(D+(7-+D+*#/*(/(1&*8\
*$/145*H

"#U)*+$%)*'(+)*'(D&)$).+!)+I=.@(+$=..)$'(+%/+=.!)/+!)+,."=."!(!)*+

)/'.)+&=*+)*W@%&=*+G%)+*)+&)*+,.)*)/'(/A

"#:")/)/+!"#$%&'(!)*+,(.(+,&(/"#$(.+'(.)(*+9,.),(.($"5/?+

,.)8"*"5/X<A

3
;
:
9

"#>=+,.)*'(/+(')/$"5/+(+&=*+!)'(&&)*A
"#N(.)$)/+/=+)*$%$C(.+$%(/!=+*)+&)*+C(D&(?+7)/)/+!"#$%&'(!)*+

,(.(+*)E%".+%/(+$=/8).*($"5/+(!)$%(!(@)/')A+

"#M)+$(/*(/+.T,"!(@)/')+)/+&(*+'(.)(*+@T*+&(.E(*?+(%/G%)+*)(/+

</

/2&('$4.2>2-$-

'(.)(*+*"@,&)*A

-(,$.(34253
2C&"),2>2-$-

"#N.)*)/'(/+&=*+'.(D(1=*+*%$"=*?+,=$=+$%"!(!=*?+$=/+I.)$%)/$"(+

.='=*+=+!)')."=.(!=*A

"#N(.)$)+G%)+*5&=+)*'T/+(')/'=*+)/+&(*+$=*(*+G%)+&)*+E%*'(/A
"#U)*+$%)*'(+*)E%".+&(*+/=.@(*+!)+%/+1%)E=+=+($78"!(!+,.=,%)*'(?+

F(+G%)+/=+)*'T/+(')/'=*+$%(/!=+*)+!(+&(+$=/*"E/(A+

OHMHMH(A*/#+*145*

"#H8"'(/+'(.)(*+G%)+.)G%").)/+%/+)*I%).0=+@)/'(&+*=*')/"!=+FS=+

%/+E.(!=+!)+=.E(/"0($"5/+)&)8(!=A

_&D(*4W&D(j$+(7-+D+*#/*(!<;e(8+*+*(,431$%#/,(7/-/(D+%+114&\
*/-( %/( 4*G&-0/145*( -+%+9/*#+( :/#+*145*( D+%+189/KE( 7/-/( 1+*#-/-(
%/( /#+*145*( +*( %&D( +Do0$%&D( ,$-/*#+( $*( 8+07&( D$314+*#+( .(
*+1+D/-4&(7/-/(-+/%4f/-($*/(/1894,/,(:/#+*145*(D&D#+*4,/K(.(D+(
,4D#-/+*(GX14%0+*#+(1&*(+Do0$%&D(4--+%+9/*#+DH(;D"(04D0&E(+*(#/\
-+/D(1&*&14,/D(&(/7-+*,4,/DE(j$+(D5%&(-+j$4+-+*(7-&1+D/04+*#&(
/$#&0X81&E( -+D7&*,+*( 0+h&-( j$+( +*( #/-+/D( 1&07%+h/D( &( j$+(
-+j$4+-+*(/,/7#/-D+(/(*$+9/D(1&*D4B*/DH
=kl;(<)_(FJCa)@CJ;<C

=)"'%15'$1
$)&-'()*%#$1
,#$,#1&*,*$1
+
5*$13%>-5*$/

6F

Z)/)%'*/E40%)4(N(+*%*4&")"*4()43%&)")4()(KL?M

OHMHOH( e47+-/1894,/,

OHMH^H( A07$%D494,/,

)D($*/(1/*8,/,(+b1+D49/(,+(/1894,/,(0&#&-/(&(9+->/%(+*(-+%/\
145*(1&*(%&(+D7+-/>%+(7/-/(%/(+,/,(.(D4#$/145*(1&*1-+#/(+*(%/(j$+(
D+(+*1$+*#-/(+%(D$h+#&H(

)D(%/(,431$%#/,(7/-/(4*64>4-(%/(1&*,$1#/(.`&(+%(1&*#-&%(,+(%&D(40\
7$%D&DE( #/*#&( +*( /1894,/,+D( 1&B*489/D( 1&0&( D&14/%+DH( @$7&*+(
$*/(G/%#/(,+(1&*#-&%(0&#-4f(.(+0&14&*/%E(j$+(%%+9/(/(/1#$/-(D4*(
+9/%$/-(%/D(1&*D+1$+*14/D(,+(D$D(/114&*+D(%%+9/,&(7&-($*(,+D+&(
,+(B-/831/145*(4*0+,4/#/H

!(W)+&I*4')%&3+*4(J84(%3JD+*4(*+(*F(*+'3/+3(*4%3F)/H

_/( 407$%D494,/,( 1&07&-#/0+*#/%( +D#X( 0$.( -+%/14&*/,/( 1&*( +%(

B-/,&(,+(#&%+-/*14/(/(%/(G-$D#-/145*H

"#M)+&)8(/'(/+$=/*'(/')@)/')+!)&+(*")/'=A+
"#M)+*")/'(/+!)+I=.@(+"/(!)$%(!(?+$(@D"(/+$=/*'(/')@)/')+

!)+,=*'%.(A

!(W)+&I*4')%&3+*4(J84(%3JD+*4(*+(*F(*+'3/+3(*4%3F)/H

"#L=..)')(/+,=.+&(+$&(*)A+2)(@D%&(/A+
"#L(.)$)/+!)+&(+.)Y)J"8"!(!+F+@(!%.)0+*%#$")/')+,(.(+(/(&"0(.+

"#K=.!"*G%)(/?+$C%,(/?+@%).!)/+&(*+$=*(*+9&T,"$)*?+E=@(*X<A

)#$(0@)/')+%/(+*"'%($"5/?+,=.+'(/'=+*%+$=/!%$'(+.)*%&'(+
/=.@(&@)/')+"/@(!%.(+)+"/(!)$%(!(A

"#O/')..%@,)/+&(*+'(.)(*+=+($78"!(!)*+!)+&=*+$=@,(R).=*+F+

&(*+)J,&"$($"=/)*+!)&+,.=I)*=.A+

"#H*'(+I(&'(+!)+.)Y)J"8"!(!+&)*+!"#$%&'(+)&+@)!".+&(*+$=/*)$%)/$"(*+

"#M)+&)*+.=@,)/+&=*+@(')."(&)*?+*)+&)*+$()/+&=*+=D1)'=*?+*=/+,=$=+

!)+*%*+($'=*+F+!)+(C-+G%)+7)/!(/+(+*(&'(.*)+&(*+/=.@(*A

$%"!(!=*=*+F+.%"!=*=*A

"#6($)/+&=+,."@).=+G%)+*)+&)+=$%..)A

"#M)+"@,&"$(/+)/+($78"!(!)*+@T*+,)&"E.=*(*A

"#Z)*,=/!)/+*"/+,)/*(.A

"#:")/)/+($$"!)/')*+$=/+@T*+I.)$%)/$"(A

"#>=+C($)/+$(*=+!)+&(*+(!8).')/$"(*A

"#N%)!)/+*).+@=&)*'=*+)+"/$=/'.=&(D&)*A+2"*'=.*"=/(/+)&+."'@=+

"#:")/)/+,=$(+$=/$")/$"(+!)+,)&"E.=A

!)+&(+$&(*)A

"#:")/)/+!"#$%&'(!)*+,(.(+.)(&"0(.+'(.)(*+G%)+)J"1(/+&(+(,&"$($"5/+

!)+)*'.(')E"(*+!)+(/T&"*"*+F+DB*G%)!(+!)+&(+(&')./(78(+$=..)$'(A

"#M(&'(/+!)+%/(+'(.)(+(+='.(+*"/+').@"/(.&(*+,=.+I(&'(+!)+$=/*'(/$"(A
"#U)*+.)*%&'(+@%F+!"[$"&+*)E%".+"/*'.%$$"=/)*+,=.+&(*+!"#$%&'(!)*+

,(.(+"/C"D".+&(+$=/!%$'(A

"#:")/)/+,=$=+$=/'.=&+!)+&(+)J,.)*"5/+!)+*%*+*)/7@")/'=*A
"#U=*+$(*7E=*+,.=!%$)/+,=$=+)I)$'=+)/+*%+$=@,=.'(@")/'=?+

(*-+$=@=+&(*+.)$=@,)/*(*+(+&(.E=+,&(0=A

=kl;(<)_(FJCa)@CJ;<C

66

Z)/)%'*/E40%)4(N(+*%*4&")"*4()43%&)")4()(KL?M

9)#%#%1
>"'%1$#%&),*1
,#512-6*"/

OHOH(C#-/D(1/-/1#+-"D81/D
!(W)+&I*4')%&3+*4(J84(%3JD+*4(*+(*F(*+'3/+3(*4%3F)/H

I&0&( 1/-/1#+-"D81/D( /D&14/,/D( /( %&D( D"*#&0/D( *$1%+/-+D( ,+%(

!<;eE(+%(/%$0*/,&(7$+,+(7-+D+*#/-(,431$%#/,+D(+*(+%(G$*14&*/\
04+*#&(1&B*489&(.(+*(D$(,+D/--&%%&(D&14&\+0&14&*/%H

a$*14&*/04+*#&(1&B*489&

/2&('$4.2>2-$-(,$.(34253
2C&"),2>2-$-

&(+@)@=."(+(/')*+!)+!(.+%/(+.)*,%)*'(A

$#:")/)/+!"#$%&'(!)*+,(.(+!"*$."@"/(.+)&+*)/7!=+!)&+7)@,=\+

,).$),$"5/+@T*+,.=&=/E(!(+!)+&=*+7)@,=*+!)+)*,).(?+,=.+'(/'=?+
@(F=.+I.%*'.($"5/+(/')+&(+!)@=.(+!)+&=*+,.)@"=*A

3
;
:
9

$#U)*+$%)*'(+.)$%,).(.+&(+"/I=.@($"5/+!)&+,(*(!=+F+@(/')/).&(+)/+

$#]"8)/+)/+)&+,.)*)/')?+/=+*)+*"'B(/+)/+)&+,(*(!=+/"+)/+)&+I%'%.=A+
$#H*,).(/+C(*'(+)&+B&7@=+@"/%'=+(/')*+!)+"/"$"(.+($$"=/)*A+
$#>=+*%)&)/+')/).+)/+$%)/'(+&(*+$=/*)$%)/$"(*+I%'%.(*+!)+&=*+

-(,$''*))*
+"342*3$C2(3.*% 7<Z5<`BW<Z5<Y?;
4*!32.2>*

*%$)*=*A

$#U"@"'(!(+$(,($"!(!+!)+(,.)/!"0(1)+,=.+=D*).8($"5/A
$#2"#$%&'(!)*+,(.(+(,.)/!).+!)+&(*+)J,).")/$"(*A
$#2"T&=E=+"/')./=+)*$(*=+)+"/(!)$%(!=A
$#U)*+$%)*'(+*)E%".+.)E&(*+)+"/*'.%$$"=/)*A

OHOHMH( a$*14&*/04+*#&(1&B*489&

$#^(&'(+!)+,&(/"#$($"5/+F+.)*,%)*'(*+,=$=+)*'.%$'%.(!(*A
$#2"#$%&'(!)*+)/+&(+.)*=&%$"5/+!)+,.=D&)@(*A

)D#&D( /%$0*&D( 8+*+*( /G+1#/,/( %/( 0+0&-4/( ,+( #-/>/h&E( +*#+*\

,4+*,&(+D#/(1&0&(%/(1/7/14,/,(7/-/(#+*+-(+*(0+*#+(%/(4*G&-0/\
145*(04+*#-/D(D+(#-/>/h/(+*($*/(#/-+/(1$/*,&(+%(+Do0$%&(./(*&(
+D#X(7-+D+*#+H(

$#Z)Y)J"5/+)*$(*(+*=D.)+&(*+.)E&(*+*"/+&(+(F%!(+!)+='.(*+,).*=/(*A
$#N.=D&)@(*+(+&(+C=.(+!)+!"."E".+*%+,.=,"=+$=@,=.'(@")/'=A
$#O/*%#$")/')+$(,($"!(!+!)+(!(,'($"5/+(+*"'%($"=/)*+/%)8(*A+

;D"( 04D0&E( D$G-+*( $*( -+#-/D&( +*( +%( ,+D/--&%%&( ,+%( %+*B$/h+( 4*\
#+-*&E( j$+( -+B$%/( .( ,4-4B+( %/( /1145*H( !/0>42*( +D#X( /G+1#/,/( %/(
1/7/14,/,(,+(/*X%4D4D(.(D"*#+D4DE(+D(,+14-E(,+(G-/B0+*#/-(%/D(1&*\
,$1#/D(.(1&0>4*/-%/D(1-+/*,&(*$+9/D(/114&*+D(*&(/7-+*,4,/D(,+(
%/(+b7+-4+*14/H

=kl;(<)_(FJCa)@CJ;<C

$#:")/)/+%/+)*7&=+$=E/"78=+"@,%&*"8=+)+"..)Y)J"8=?+%7&"0(/+

)*'.(')E"(*+!)+)/*(F=;)..=.A

$#N.=$)*(@")/'=+,=$=+(/(&-7$=A

6<

Z)/)%'*/E40%)4(N(+*%*4&")"*4()43%&)")4()(KL?M

OH^H(<431$%#/,+D(,+(/7-+*,4f/h+(

OHOHOH(a$*14&*/04+*#&(D&14&\+0&14&*/%

_&D( /%$0*&D( 1&*( !<;e( D$+%+*( 7-+D+*#/-( $*( -+*,404+*#&( /1/\

,2041&(4*G+-4&-(/%(+D7+-/>%+(D+Bg*(D$(1/7/14,/,H(k*(7&-1+*#/h+(
/%#&( +b7+-40+*#/E( /,+0XDE( ,431$%#/,+D( ,+( /7-+*,4f/h+( +*( %/D(
X-+/D(4*D#-$0+*#/%+D'(%+*B$/h+(.(0/#+0X81/DH

)D#&D(/%$0*&D(D$+%+*(7-+D+*#/-(,2314#D(+*(%/(/,j$4D4145*(.(+*(+%(
,+D/--&%%&(,+(%/D(6/>4%4,/,+D(D&14/%+D(.(%/D(1&07+#+*14/D(+0&\
14&*/%+DH( F&-( +%%&E( +D#&D( /%$0*&D( D$+%+*( #+*+-( ,431$%#/,+D( +*(
%/D(-+%/14&*+D(4*#+-7+-D&*/%+D(.(D$(,+D/--&%%&(+0&14&*/%(+D(0XD(
4*0/,$-&(j$+(+%(,+(D$D(1&07/W+-&D(,+(%/(04D0/(+,/,H

)*( /%B$*&D( /%$0*&DE( %/( G/14%4,/,( 7/-/( %/( -+/%4f/145*( ,+( #/-+/D(
0+1X*41/D( 7$+,+( 6/1+-( j$+( D$D( ,431$%#/,+D( 7/D+*( ,+D/7+-14\
>4,/D(+*(%&D(7-40+-&D(/W&D(,+(+D1&%/-4,/,H(@4*(+0>/-B&E(+D#/D(
,431$%#/,+D(D+(6/1+*(0XD(+94,+*#+D(1&*G&-0+(/$0+*#/(%/(+b4\
B+*14/(+D1&%/-E(/(7/-8-(,+%(D+B$*,&(141%&(,+(),$1/145*(F-40/-4/(
.(+*(%/(),$1/145*(@+1$*,/-4/H

!(W)+&I*4')%&3+*4(J84(%3JD+*4(*+(*F(*+'3/+3(*4%3F)/H

<+D/--&%%&(D&14&\+0&14&*/%
$#:")/)/+!"#$%&'(!)*+,(.(+$=@,.)/!).+&(*+*)R(&)*+G%)+.)E%&(/

&(*+*"'%($"=/)*+*=$"(&)*A

$#U)*+$%)*'(+*)E%".+&(*+.)E&(*+!)+&=*+1%)E=*A

!)*)=*+F+*)/7@")/'=*A

$#M)+!)*@=.(&"0(/+$=/+I($"&"!(!A

$#U)*+$%)*'(+,=/).*)+)/+)&+&%E(.+!)&+='.=+F+')/).+)/+$%)/'(+*%*+

3
:
9 ;

$#>=+'=&).(/+&(+I.%*'.($"5/A
$#L(@D"(/+I.)$%)/')@)/')+!)+)*'(!=+!)+T/"@=A
$#M%)&)/+!)*(..=&&(.+D(1(+(%'=)*7@(?+"/*)E%."!(!+F+)J$)*"8(+

"*)3$4!

!),)/!)/$"(+!)&+(!%&'=A

+D1-4#$-/

$#M)+@%)*'.(/+').$=*+F+@(&C%@=.(!=*+$=/+I.)$%)/$"(A
$#N%)!)/+,.)*)/'(.+)@=$"=/)*+)J'.)@(*+F+!)*(1%*'(!(*A
$#4+@)/%!=+*=/+.)$C(0(!=*+,=.+*%*+$=@,(R).=*A

0/#+0X81/D

$#2),)/!)/+)/+@(F=.+@)!"!(+!)+I=.@(*+)J')./(*+!)+.)I%).0=+

0#1!"#*(-!'%1
6-(2*1!*"
$-1?'6)5)'/

"/@)!"('=+G%)+&)*+(F%!)/+(+*).+,).*)8).(/')*+)/+&(*+$=/!%$'(*+
=D1)78=+(+$=/*)E%".A

=kl;(<)_(FJCa)@CJ;<C

60

Z)/)%'*/E40%)4(N(+*%*4&")"*4()43%&)")4()(KL?M

(34(-222

OH^HMH(_+1#$-/

OH^HOH()D1-4#$-/

)%(/%$0*&(1&*(!<;e(D$+%+(#+*+-(,431$%#/,+D(/(%/(6&-/(,+(1&,43\
1/-(.(1&07-+*,+-(%/(4*G&-0/145*(j$+(D+(%+(7-+D+*#/(7&-(+D1-4#&E(
7$,4+*,&(%%+B/-(/(4*9+-8-(0$16&(0XD(8+07&(,+%(6/>4#$/%(.(+*(
&1/D4&*+D(D4*(,+0/D4/,&(2b4#&H

_/D( ,431$%#/,+D( 7/-/( -+/%4f/-( /,+1$/,/0+*#+( %&D( #-/f&D( ,+( %/D(

%+#-/D( 7/-+1+*( +D#/-( 0$.( -+%/14&*/,/( 1&*( %/( #&-7+f/( 0&#&-/E(
1/-/1#+-"D81/(7-+D+*#+(+*(/%B$*&D(*4W&`/D(1&*(!<;eH(

!(W)+&I*4')%&3+*4(J84(%3JD+*4H

!(W)+&I*4')%&3+*4(J84(%3JD+*4H

G+ 2"#$%&'(!)*+,(.(+(*=$"(.+&(+.)&($"5/+)/'.)+)&+*=/"!=+F+&(+&)'.(+
=+'(@D"3/+,(.(+.)$=.!(.+&=*+*=/"!=*+)/+)&+=.!)/+$=..)$'=A

G+ M%+$(&"E.([(+)*+,=D.)?+!)*=.E(/"0(!(+F+$=/+I.)$%)/')*+
)..=.)*?+F+)/+=$(*"=/)*+"/"/')&"E"D&)A

G+ 2"#$%&'(!)*+,(.(+.)$=.!(.+)&+(*,)$'=+!)+%/(+,(&(D.(+F+$=,"(.+
&(*+&)'.(*+)/+)&+=.!)/+=+*)$%)/$"(+$=..)$'=*A+

G+ :")/)/+,=$=+$=/'.=&+!)&+)*,($"=+E.T#$=?+')/!")/!=+(+(E.%,(.+
&(+"/I=.@($"5/+)/+%/(+,(.')+!)+&(+C=1(A

G+ U)$'%.(+,.)$","'(!(?+($C($(D&)+(+*%+"@,%&*"8"!(!+=+@%F+&)/'(+
!)D"!=+(+*%+"/(')/$"5/A+

G+ U)*+$%)*'(+'=@(.+/='(*+)/+$&(*)+(&+."'@=+(!)$%(!=+F+,&(*@(.+
,=.+)*$."'=+&=+G%)+G%").)+!)$".+=+)J,.)*(.A

G+ H..=.)*+)/+&(+&)$'%.(+@)$T/"$(\+(!"$$"=/)*?+"/8).*"=/)*?+
=@"*"=/)*?+*%*7'%$"=/)*?+)'$A

G+ N%)!)/+')/).+!"#$%&'(!)*+)/+E.(@T7$(?+,%/'%($"5/?+
($)/'%($"5/?+@(FB*$%&(*+F+@"/B*$%&(*A

G+ 4&+&)).+*)+*(&'(/+&(*+&-/)(*+=+(&E%/(*+,(&(D.(*?+=+&(*+.),"')/A

G+ M=/+"/$(,($)*+!)+)*$."D".+'(/+.T,"!=+$=@=+,")/*(A

G+ 2"#$%&'(!)*+!)+$=@,.)/*"5/+&)$'=.(?+)/+&(+.)(&"0($"5/+!)+
"/I).)/$"(*+F+)/+$(,'(.+&(*+"!)(*+,."/$",(&)*+$%(/!=+/=+
(,(.)$)/+!)+@(/).(+$&(.(+F+)J,&-$"'(A
G+ N.=D&)@(*+,(.(+$=@,.)/!).+=.($"=/)*+$=@,&)1(*+=+I.(*)*+
G%)+$=@")/0(/+,=.+='.=+)&)@)/'=+G%)+/=+)*+)&+*%1)'=A
G+ U)*+$%)*'(+$(,'(.+&(*+.)&($"=/)*+$(%*(&)*+)/'.)+&=*+!"I).)/')*+
*%$)*=*+!)+%/+')J'=A
G+ 4&+($(D(.+!)+&)).+%/+,T..(I=+=+,TE"/(?+,%)!)/+')/).+
!"#$%&'(!)*+,(.(+.)$=.!(.+&=+G%)+C(/+&)-!=A
G+ ]=$(D%&(."=+,=D.)A

=kl;(<)_(FJCa)@CJ;<C

61

Z)/)%'*/E40%)4(N(+*%*4&")"*4()43%&)")4()(KL?M

0)#6!"#1
4-$('%1
('6)%*$1
'5&#"%'&)@*$1
2'()'1-%1?)%/

OH^HOH(T/#+0X81/D
@$+%+*(D+-(0XD(%+*#&D(+*(/1894,/,+D(,+(*$0+-/145*(.(1X%1$%&(.(
+*(%/(-+D&%$145*(,+(7-&>%+0/DE(1&0+#+*(0XD(+--&-+D(.(,+h/*(%/D(
#/-+/D(D4*(#+-04*/-(+*(0XD(&1/D4&*+DH(!&,&(+%%&(D+(/B-/9/(7&-(
D$( #+*,+*14/( /( +94#/-( +h+-1414&D( -+4#+-/89&DE( %&( j$+( %+D( 4074,+(
%/( 7-X181/( D4D#+0X81/E( *+1+D/-4/( 7/-/( %/( /,j$4D4145*( ,+( +D#/D(
,+D#-+f/DH

G+ L=@)')/+)..=.)*+(&+.)(&"0(.+&(*+=,).($"=/)*\+$=&=$($"5/+
"/$=..)$'(+!)+&(*+$"I.(*+(&+=.!)/(.&(*+,(.(+=,).(.?+$(@D"(.+!)+
&%E(.+&(+$=@(+!)+%/+/B@).=+!)$"@(&?+$(@D"(.+(&E%/(*+$"I.(*+
,=.+='.(*+!"I).)/')*?+)'$A

!(W)+&I*4')%&3+*4(J84(%3JD+*4H

G+ >=+*%)&)/+.)(&"0(.+$=@,.=D($"=/)*A

G+ M%*+!"#$%&'(!)*+!)+)*$."'%.(+$=/&&)8(/+G%)+)*$."D(/+&=*+!('=*+
$=/+%/+'.(0=+!)#$")/')?+&&)8T/!=&)*+(+$=@)').+)G%"8=$($"=/)*+
F+!"#$%&'(/!=+&(+$=..)$$"5/+,=.+,(.')+!)&+,.=I)*=.A+

G+ ^(&&=*+)/+&(+(%'=@(70($"5/+!)+&(*+'(.)(*+.)&($"=/(!(*+$=/+&(+
/%@).($"5/+F+)&+$T&$%&=\+$T&$%&=+@)/'(&+!)#$")/')?+&)*+$%)*'(+
(,.)/!).+&(*+'(D&(*+!)+@%&7,&"$(.AAA
G+ N=.+*%*+!"#$%&'(!)*+!)+$=@,.)/*"5/+&)$'=.(+"/').,.)'(/+
"/(!)$%(!(@)/')+&=*+)/%/$"(!=*+!)+&=*+,.=D&)@(*?+
!"#$%&'(!+G%)+*)+($)/'B(+*)EB/+&(+&=/E"'%!+F+&(+.)!($$"5/+!)&+
)/%/$"(!=A

C#-/D(,431$%#/,+D
G+ 2"#$%&'(!)*+(+&(+C=.(+!)+'=@(.+(,%/')*?+&=+$%(&+.),).$%')+!)+
@(/).(+"@,=.'(/')+)/+)&+)*'%!"=+,=*')."=.A

G+ M%)&)/+')/).+!"#$%&'(!)*+,(.(+!"*$."@"/(.+&(+"/I=.@($"5/+
.)&)8(/')+!)+&(+"..)&)8(/')?+,(.(+!"I).)/$"(.+&(+"/I=.@($"5/+
G%)+!)D)/+)/$=/'.(.?+$=/I%/!)/+!('=*?+)'$A

G+ 2"#$%&'(!)*+)/+&(*+'3$/"$(*+!)+)*'%!"=\+*%D.(F(.+&=+@T*+
"@,=.'(/')?+C($).+%/+.)*%@)/?+"!)/7#$(.+&(*+,(&(D.(*+$&(8)*?+
)&(D=.(.+)*G%)@(*+F+@(,(*+$=/$),'%(&)*AAA

G+ 2"#$%&'(!)*+)/+&(+(,&"$($"5/+!)+)*'.(')E"(*+=.E(/"0(!(*+)/+&(+
.)*=&%$"5/+!)+,.=D&)@(*\+*%)&)/+%7&"0(.+)*'.(')E"(*+!)+)/*(F=+
F+)..=.+,=.+I(&'(+!)+$=@,.)/*"5/+!)&+,.=D&)@(A

G+ 2"#$%&'(!)*+(+&(+C=.(+!)+.)(&"0(.+)JT@)/)*\+.)*,%)*'(+
,.)$","'(!(*?+"/$&%*=+(/')*+!)+&)).+&(*+,.)E%/'(*?+!"#$%&'(!+,(.(+
,)/*(.+!"*7/'(*+(&')./(78(*?+)'$A

G+ >=+(/='(/+,=.+)*$."'=+&=*+!('=*+F?+*"+&=+C($)/?+/=+&=*+.)Y)1(/+
!)+I=.@(+=.!)/(!(A+:(@,=$=+)&(D=.(/+.),.)*)/'($"=/)*+
E.T#$(*+!)&+,.=D&)@(+G%)+&)*+(F%!)/+!%.(/')+)&+,.=$)*=A

=kl;(<)_(FJCa)@CJ;<C

6@

Z)/)%'*/E40%)4(N(+*%*4&")"*4()43%&)")4()(KL?M

OH]H(I/-/1#+-"D81/D(+D7+1"31/D(,+(1/,/(+#/7/(+,$1/89/
OH]HMH( ),$1/145*(A*G/*8%

OH]HOH(),$1/145*(F-40/-4/

OH]H^H(),$1/145*(@+1$*,/-4/

!' !4+*+*(,431$%#/,+D(7/-/(D+B$4-(%/D(

!' _+D(1$+D#/(/,j$4-4-(%&D(6X>4#&DE(#/*#&(,+(64B4+*+(

_/D(0/*4G+D#/14&*+D(,+%(!<;e(+*(+D#/(+#/7/(
7$+,+*(+D#/-(-+%/14&*/,/D(1&*(%/D(1/-/1#+-"D\
81/D(7-&74/D(,+(+D#/(+,/,E(/,+0XD(,+(D+-($*(
-+p+h&(,+(D$(#-/.+1#&-4/(+D1&%/-(.(7+-D&*/%H(

-$8*/D(,+%(/$%/H

!( ?&(&>+,+1+*H
!( @+(0$+D#-/*(/>D&->+*#+DH
!( ?+1+D4#/*(0$16/(D$7+-94D45*H
!( @$(1&07&-#/04+*#&(+D(0$.(0&94,&(

+(407-$,+*#+H

!( I/0>4/*(,+(h$+B&(1&*D#/*#+0+*#+H
!( F/-+1+(j$+(*&(D4B$+*(*4*Bg*(&-,+*H
!( ?&(D+(+*#-+8+*+*(0$16&(1&*(*4*B$*/(

/1894,/,H

!( @$+%+*(#+*+-(7-&>%+0/D(,+(/,/7#/145*(

/(%/D(D4#$/14&*+D(*$+9/DH

!( J+/114&*/*(,+D7-&7&-14&*/,/0+*#+(

/(%&D(+Do0$%&D(/0>4+*#/%+DH

!( F-+D+*#/*(,431$%#/,+D(+*(+%(,+D/--&%%&(

,+%(%+*B$/h+H

!( F-+D+*#/*(7&>-+(1&&-,4*/145*(0&#-4fH

A#",*%'%1
+
?3()56#%&#

1&0&(/1/,2041&DH
!( @+(0$+9+*(+*(+b1+D&(,$-/*#+(%/D(1%/D+D(
:%+9/*#/-D+(,+(%/(D4%%/E(-$4,&DE(1/*#$--+&DHHHK
!( @+(,4D#-/+*(1&*(1$/%j$4+-(1&D/H
!( J+/%4f/*(1&0+*#/-4&D(4*/7-&74/,&D(j$+(B+*+-/*(
1&*p41#&H
!( F+-D4D#+*(+*(%&D(7-&>%+0/D(,+(&>+,4+*14/H
!( F$+,+*(#+*+-(7-&>%+0/D(,+(-+%/145*(1&*
%&D(1&07/W+-&DH
!( @+(7-+1474#/*(/(%/(6&-/(,+(-+D7&*,+/(%/D(7-+B$*#/DH
!( F-+D+*#/*(,431$%#/,+D(,+(&-B/*4f/145*H
!( !4+*+*(7-&>%+0/D(7/-/(D+B$4-(%/D(4*D#-$114&*+DH
!( )94#/*(-+/%4f/-(#/-+/D(j$+(7-+14D+*(,+($*(+DG$+-f&(
0+*#/%(D&D#+*4,&H
!( F-+D+*#/*(%/D(#/-+/D(+D1&%/-+D(D$14/D(.(
,+D1$4,/,/DH
!( I&0+#+*(+--&-+D(+*(%/D(#/-+/D(+D1&%/-+D(7&-(
,+D1$4,&H
!( @+(-+D4D#+*(/(6/1+-(%/(#/-+/H
!( F4+-,+*($(&%94,/*(&>h+#&D(*+1+D/-4&DH
!( S/h/(#&%+-/*14/(/(%/(G-$D#-/145*H
!( S/h/(/$#&+D80/H
!( @$(/1#$/14&*+D(D+(7+-14>+*(1&0&(4*#+*14&*/,/DE(
/$*j$+(D+/*(1&*D+1$+*14/(,+(D$(#-/D#&-*&H
=kl;(<)_(FJCa)@CJ;<C

6A

e/>4#$/%0+*#+E(D+(-+,$1+*(%/D(0/*4G+D#/14&\
*+D(,+(%/(647+-/1894,/,(0&#&-/E(0/*#+*42*\
,&D+(%/D(,431$%#/,+D(,+(/#+*145*(/D"(1&0&(%/(
407$%D494,/,H(
F&-( +%%&( 7&,+0&D( D+W/%/-( 1&0&( 0/*4G+D#/\
14&*+D(0XD(+D7+1"31/D(,+(+D#/(+,/,'
!' @&*(1/7/1+D(,+(7+-0/*+1+-(0XD(8+07&(

-*&3!'(-#*&#)"!-*2
!( F$+,+*(0/*4G+D#/-(/7/o/(6/14/(+%(4*D8#$#&H
!( @+(/>$--+*(,$-/*#+(%/D(1%/D+DH
!( <431$%#/,+D(/(%/(6&-/(,+(/D404%/-(
1&*&1404+*#&D(/D"(1&0&(/(%/(6&-/(,+(
#-/D048-%&DH(
!( !+*,-X*(,431$%#/,+D(,+(&-B/*4f/145*(.(
7%/*431/145*H
!( <431$%#/,+D(7/-/(+%(1&*#-&%(,+%(8+07&H
!( _+D(1$+D#/(+D#/>%+1+-(7-4&-4,/,+DH
!( ;(7+D/-(,+(j$+(7$+,+*(D+-(4*#+%4B+*#+D(D$D(
1/%431/14&*+D(D&*(>/h/DH
!( @&*(1/7/1+D(,+(D/1/-(>$+*&D(-+D$%#/,&D(+*(
$*/D(/D4B*/#$-/D(04+*#-/D(j$+(G-/1/D/*(#
*&#(34!-2

Z)/)%'*/E40%)4(N(+*%*4&")"*4()43%&)")4()(KL?M

B/

R)D')4(7/-/(%/(-+D7$+D#/(
+,$1/89/

! ;(%/(6&-/(,+(/7%41/-(+D#/D(

&-4+*#/14&*+DE(6/.(j$+(#+*+-(
*&#)$*&3!#=$*#)!'!#!"$%&(#*-#
,4G+-+*#+E(7&-(%&(j$+#
F)(/*4.D*4')("*6*()GD4')/4*(
)(F)4(+*%*4&")"*4(*"D%)01)4(
&+"&1&"D)F*4E(#&0/*,&(1&0&(
-+G+-+*#+(%/(+9/%$/145*(
7D41&7+,/B5B41/(-+/%4f/,/H

_/( -+D7$+D#/( +,$1/89/( 6/( ,+( 4-( ,4-4B4,/( /( /,+1$/-( +%( 1&*#+b#&(
+,$1/89&( /( %/D( ,4D8*#/D( G&-0/D( ,+( /7-+*,+-E( 4*1&-7&-/*,&(
0+,4,/D( &-B/*4f/89/D( .( 0+#&,&%5B41/D( j$+( 7$+,/( 7&*+-( +*(
7-X181/(+%(7-&G+D&-/,&(+*(D$(/$%/H(
)D(G$*,/0+*#/%(#/*#&(%/(1&&-,4*/145*(,+(%&D(7-&G+D4&*/%+D(j$+(
4*#+-94+*+*(1&*(+%(/%$0*/,&(1&0&(/$*/-(1-4#+-4&D(,+(/1#$/145*(
1&*(%/D(G/04%4/DE(/D+B$-/*,&($*(#-/>/h&(1&%/>&-/89&E(1&6+-+*#+(
.(+31/fH
;(1&*8*$/145*E(D+(7-+D+*#/*($*/(D+-4+(,+(7/$#/D(.(&-4+*#/14&\
*+D( 1&*( %/( 4*#+*145*( ,+( G/14%4#/-( /%( 7-&G+D&-/,&( +%( /h$D#+( ,+( %/(
-+D7$+D#/( +,$1/89/H( )D#/D( &-4+*#/14&*+DE( D4+*,&( >+*+314&D/D(
7/-/( +%( /%$0*/,&( +*( B+*+-/%E( 7+-04#+*( -+B$%/-( .( G/9&-+1+-( +%(
7-&1+D&(,+(/7-+*,4f/h+(,+%(/%$0*/,&(1&*(!<;eH(

?&(6/.(j$+(+D7+-/-(/(#+*+-($*(,4/B*5D81&(7/-/(+07+f/-(/(/,&7\
#/-(%/D(0+,4,/D(j$+(7$+,/*(4-(,/*,&(-+D7$+D#/(/(%/D(*+1+D4,/,+D(
'*"#!"$%&!'(2

_/(-+D7$+D#/(D+(7-+D+*#/(&-B/*4f/,/(+*("34(6F3^D*4<

C-B/*4f/89/D(.(0+#&,&%5B41/D
;D7+1#&D(-+%/14&*/,&D(
1&*(+%(1&07&-#/04+*#&

C-4+*#/14&*+D(
C*+*/)F*4

;D7+1#&D(D&14&\+0&14&*/%+D

C-4+*#/14&*+D(
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)
F-40/-4/
@+1$*,/-4/
=kl;(<)_(FJCa)@CJ;<C

6B

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

^HMH(C-4+*#/14&*+D(B+*+-/%+D
^HMHMH( C-B/*4f/89/D(.(0+#&,&%5B41/D

C-4+*#/14&*+D(
C*+*/)F*4

(3.*'3*%+#,24*

&'*&"(,.$,%-2-?4.24$,

>*"D%&/("&4'/)%'3/*4H

@F*a&6&F&9)/(N()").')/(F34(J#'3"34("*('/)6)G3(.)/)(
I)13/*%*/(*F(#a&'3()%)"#J&%3("*F()FDJ+)"3H

%(!-/D%/,/-(+Do0$%&D(G$+-/(,+(D$(1/07&(94D$/%(:75D#+-DE(0/7/DE(

1/-#+%+DE(&>h+#&D(/#-/189&DE(+#1K(

%(F-&7&*+-(/1894,/,+D(D4B*431/89/D(7/-/(+%(/%$0*&(j$+(%+(D$D14#+*(

4*#+-2DE(-+%/14&*/,/D(1&*(D$D(1&*&1404+*#&D(7-+94&DE(j$+(#+*B/*(
j$+(9+-(1&*(D$(94,/(1&8,4/*/Eq

%(F&D4>4%4#/-($*(/0>4+*#+(#-/*j$4%&(.(D4*(-$4,&DH

L&4'/&6D%&,+("*F()FDJ+)"3H

%()%/>&-/-(/1894,/,+D(j$+(407%4j$+*(%/(7/-8147/145*(/189/(,+%(

!"$%&(2

%(C-B/*4f/-(+%(+D7/14&(,+%(/$%/(7&D4>4%4#/*,&(,4D8*#&D(%$B/-+D(,+(

#-/>/h&'(+D7/14&(7/-/(#-/>/h&(+*(B-$7&E(+D7/14&(7/-/(#-/>/h&(
7+-D&*/%E($*(%$B/-(,&*,+(4*1%$D&(D+(7$+,+(#-/>/h/-(,+(74+E(+*(+%(
-$*"(>

%(a&0+*#/-(/1894,/,+D(j$+(407%4j$+*(#-/>/h&(1&*h$*#&(,+(7-&G+D&-(

5#!"$%&(2

%(F&D4>4%4#/-(+%(/7-+*,4f/h+(,4/%5B41&'(B-$7&D(4*#+-/189&DE(#+-#$%4/D(

%(k8%4f/-(,+(G&-0/(p+b4>%+(,416/(&-B/*4f/145*(+*(G$*145*(,+(%/D(

,4/%5B41/DHHH

/1894,/,+D(.(&>h+89&D(j$+(D+(j$4+-/*(/%1/*f/-H

%(F&#+*14/-(+%(/7-+*,4f/h+(1&&7+-/89&E(+D(,+14-E(r/7-+*,+-(h$*#&D(

%(k>41/-(/%(/%$0*&(1+-1/(,+%(7-&G+D&-E(%&(j$+(7+-04#+(%/(D$7+-94D45*(

/%$0*&D(,4G+-+*#+DrH

G-+1$+*#+(,+%(7-&G+D&-(,+(0/*+-/(,4D1-+#/H

%(@4#$/-%+(+*#-+(1&07/W+-&D(j$+(%+(D4-9/*(,+(0&,+%&E(%+(B$"+*(+*(

%/D(#/-+/D(.(%+(/.$,+*(+*(+%(/$#&1&*#-&%(7+-D&*/%H

%(k>41/-(/%(/%$0*&(+*($*(%$B/-(,&*,+(%/D(4*#+-G+-+*14/D(D+/*(

0*%14-#%*$1
!'"'12'45'"1
+
#%1!C45)(*/

0"*40/Dn(7&-(+h+07%&E(+*(%/(7/-#+(,+%/*#+-/(,+(%/(1%/D+E(%+h&D(,+(
%/(9+*#/*/E(,+(%/(7/7+%+-/HHH

=kl;(<)_(FJCa)@CJ;<C

6D

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

C-4+*#/14&*+D(
C*+*/)F*4

*'!$32H$4253%=%-(,$''*))*%-(%)$,%,(,2*3(,
*'!$32H$4253%=%-(,$''*))*%-(%)$,%,(,2*3(,

R/*1&3()(F)(4*4&,+H

Ba.F&%)%&3+*4(*(&+4'/D%%&3+*4("*('/)6)G3("D/)+'*(F)(4*4&,+H

%(<+,41/-(%/D(7-40+-/D(6&-/D(,+(%/(0/W/*/(/(%/D(X-+/D(j$+(

%(A*#+-1/%/-(8+07&D(,+(+b7%41/145*(.(#-/>/h&(7+-D&*/%H

-+j$4+-+*($*(0/.&-(+DG$+-f&(4*#+%+1#$/%H

%(k8%4f/-(+D#-/#+B4/D(7/-/(0/*#+*+-(+%(*49+%(,+(/#+*145*(#/%+D(1&0&(

%/(B+D81$%/145*(.(%&D(1/0>4&D(,+(+*#&*/145*H

%(<+,41/-(%/D(g%80/D(6&-/D(,+(%/(0/W/*/(&(,+(%/(#/-,+(/(%/D(X-+/D(

j$+(-+j$4+-/*(0+*&-(1&*1+*#-/145*H

%(a/9&-+1+-(+%(1&*#/1#&(&1$%/-(1&*(+%(/%$0*&H

%(F-+7/-/-(.(&-B/*4f/-(%/D(D+D4&*+D(/*8147/,/0+*#+(.(1&*(1%/-4,/,'

%(@407%431/-(/%(0Xb40&(%/(4*G&-0/145*(/%(+b7%41/-(+%(7-&1+,404+*#&(

,+(-+/%4f/145*(,+(%/(#/-+/H

s(;,+1$/-(.(,+3*4-(%&D(1&*#+*4,&DE(.(D+1$+*14/-(%/D(/1894,/,+D(
/h$D#X*,&%/D(/(%/(-+/%4,/,(,+%(/$%/H

%(F-+D+*#/-(%/(4,+/(7-4*147/%(,+%(1&*#+*4,&(j$+(9/0&D(/(#-/>/h/-(,+(

G&-0/(0$.(1%/-/(/%(4*414&(,+(%/(+b7%41/145*H

s(F-&B-/0/-(%/(/1894,/,(,4/-4/(/%#+-*/*,&(/1894,/,+D(#+5-41/D(
1&*(#-/>/h&(7-X181&(:+D#$,4&\+h+-1414&E(+D#$,4&\#-/>/h&KH

%(;,h$*#/-(4*G&-0/145*(94D$/%(j$+(B$"+(%/(#/-+/(.(G/14%4#+(%/(

D+1$+*14/145*(.(&-B/*4f/145*(,+(%/(04D0/H

s(!+*+-(+*(1$+*#/(j$+(+%(*49+%(,+(/#+*145*(*&(D4+07-+(9/(/(
D+-(+%(04D0&E(7&-(%&(j$+(6/>-X(j$+($8%4f/-(#21*41/D(7/-/(
1&*#-&%/-(+D#+(*49+%(,+(/#+*145*'

%(CG-+1+-(0&,+%&D(1%/-&D(,+(+h+1$145*(h$*#&(1&*(%/D(4*D#-$114&*+DH
%(;D+B$-/-D+(,+(%/(1&07-+*D45*(,+(%&(+b7%41/,&E(-+/%4f/*,&(

\(k8%4f/-(9/-4+,/,(,+(/1894,/,+D
\(CG+-#/-(/1894,/,+D(*&9+,&D/D(
\(CG-+1+-(7-40+-&(/1894,/,+D(D+*14%%/D

7-+B$*#/D(D+*14%%/D(.(G-+1$+*#+D(D&>-+(%&D(/D7+1#&D(
G$*,/0+*#/%+D(,+(%/D(+b7%41/14&*+DH

%(F-&7&-14&*/-%+($*(%4D#/,&(,+(%&D(1&*1+7#&D(1%/9+DH

@&+)F&9)%&,+("*(F)(4*4&,+H

5+&%&)+"3(F)(4*4&,+H

%(k*/(9+f(1&*1%$4,/(%/(+b7%41/145*(-+/%4f/-($*(-+D$0+*(,+(%/(04D0/(

%(V+-431/-(j$+(+%(/%$0*&(8+*+(7-+7/-/,&(+%(0/#+-4/%(*+1+D/-4&(

.(7+,4-(/%(/%$0*&(j$+(%&(-+74#/(,+(0/*+-/(7-49/,/(&(7g>%41/E(
1&07-&>/*,&(1&*(+%%&(%&(j$+(6/(/7-+*,4,&H

7/-/(-+/%4f/-(%/(/1894,/,H

%(k8%4f/-(+D#-/#+B4/D(7-&D5,41/D(.(,+(,-/0/8f/145*(7/-/(1/7#/-(%/(

%(k8%4f/-(%&D(g%80&D(04*$#&D(,+(1%/D+(7/-/(/D+B$-/-D+(,+(j$+'

/#+*145*(4*414/%'(

s(<4-4B4-D+(/%(/%$0*/,&(+*($*(#&*&(,+(9&f(>/h&H

s(@4(D+(6/(/7%41/,&($*/(+D#-/#+B4/E(+D#/(D+/(-+94D/,/(.(9/%&-/,/H

s(=+D81$%/-(.(#+/#-/%4f/-H

s(@4(D+(6/(/7-+*,4,&(/%B&(*$+9&E(D+(6/*(1&07-+*,4,&(%&D(
/D7+1#&D(G$*,/0+*#/%+DH

%(A*414/-(%/(D+D45*(1&*($*(+Dj$+0/(&(B$45*(,+(%&(j$+(D+(9/(/(

s(@4(D+(6/*(0/*,/,&(#/-+/D(7/-/(1/D/E(D+(6/*(/7$*#/,&(
)(44*)3!%*&3*2

#-/>/h/-(94D4>%+(+*($*/(+Dj$4*/(,+(%/(74f/--/H

=kl;(<)_(FJCa)@CJ;<C

6E

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

^HMHOH( ;D7+1#&D(-+%/14&*/,&D(#
1&*(+%(1&07&-#/04+*#&

^HMH^H( ;D7+1#&D(#
D&14&+0&14&*/%+D

B7K?:;BZ5W5BYK<(LB(Y<>W?7(b(;AW5KB7%
9"(%'(!")(3%()%+"342*3$C2(3.*%-()%$")$

:?2?(K<;B>?YZ5?%
$%)$%+'",.'$4253

%(a/9&-+1+-($*/(/1145*(1&6+-+*#+(.(1&&-,4*/,/(1&*(+%(+j$47&(,&1+*#+H

%(;h$D#/-(%/D(+b7+1#/89/D(+D1&%/-+DE(D&14/%+D(.(G/04%4/-+D(/(%/D(

1/-/1#+-"D81/D(,+%(/%$0*/,&'

%()D#/>%+1+-($*(/0>4+*#+(+D#-$1#$-/,&H

s(<+,41/-(8+07&(/(1&*&1+-(/%(/%$0*/,&H(

%#?(%*&3!4#$&#%!5(4#!$3()(&34("2#

s()D#/>%+1+-(1&*(2%($*/(-+%/145*(/G+189/(/,+1$/,/H

%(<+#+-04*/-(,+(G&-0/(1&*D+*D$/,/(%/D(1&*D+1$+*14/D(,+%(

4*1$07%404+*#&(,+(%/(*&-0/H

s(F&D4>4%4#/-(D4#$/14&*+D(,+(2b4#&E(7%/*#+/-(/1894,/,+D
\(j$+(D+/(1/7/f(,+(-+D&%9+-E
\(+*(%/D(j$+(D+(D4+*#/(7-&#/B&*4D#/E
\(j$+(G/9&-+f1/*(%/(/$#&+D80/H(

%()D#/>%+1+-(1&*D+1$+*14/D(*/#$-/%+DH

[7<(LB(MB>>?W5BYK?7(:X75Z?7(%
&$'$%()%4*3.'*)%-()%4*C&*'.$C2(3.*

%(A-(/$0+*#/*,&(+%(*49+%(,+(+b4B+*14/(,+(/1$+-,&(1&*(%&D(-+D$%#/,&D(

%(</-(5-,+*+D(1%/-/D(.(3-0+DH

&>#+*4,&DH

%(@$7+-94D/-(1&*D#/*#+0+*#+(7/-/(/*8147/-(.(7-+9+*4-(D4#$/14&*+D(.(

%(!-/D048-%+(+b7+1#/89/D(7&D489/D(-+D7+1#&(/(D$D(-+D$%#/,&DE(/(#-/92D(

B+*+-/-(+*(+%(/%$0*/,&(0/.&-(D+B$-4,/,(.(/$#&1&*#-&%H

,+(0+*D/h+D(7&D489&D'(VN)/*(@=*+F+$.))@=*+G%)+,%)!)*+C($).&=V2

%(AB*&-/-(1&07&-#/04+*#&D(,+D/h$D#/,&DH

%()94#/-(%/(D$1+D45*(1&*8*$/(,+(D4#$/14&*+D(G-$D#-/*#+D'(/1894,/,+D(

%(J+G&-f/-(1&07&-#/04+*#&D(/,+1$/,&DH

j$+(*&(7$+,+(-+/%4f/-E(D4#$/14&*+D(1&8,4/*/D(j$+(*&(7$+,+(
-+D&%9+-q

%(;.$,/-%+(/($8%4f/-(/$#&\4*D#-$114&*+DH
%(J+/%4f/-(#$#&-"/D(4*,494,$/%4f/,/D'(1-+/-($*(+D7/14&(,+(1&0$*41/145*(

%(F-+9+*4-(%/(G-$D#-/145*(+*(%/D(-+%/14&*+D(D&14/%+DE(+*D+WX*,&%+(/(

7&D489/(4*,494,$/%4f/,/(1&*(+%(/%$0*&(j$+(7+-04#/(+*1/$f/-(/%B$*/(
1&*,$1#/(,+#+-04*/,/E(+b7-+D/-(D+*D/14&*+DE(D+*804+*#&Dq

4*#+-7-+#/-(%&D(15,4B&D(j$+(%/D(-4B+*(.(/(/1#$/-(+*(1&*D+1$+*14/H

%()*#-+*/-(/%(/%$0*/,&(/(+*G-+*#/-D+(/(%/D(,431$%#/,+D(j$+(+*1$+*#-/(

%(J+p+b4&*/-E(/*/%4f/-(D&>-+(%/(1&*,$1#/(,+D/h$D#/,/(.(/*X%4D4D(,+(

/%(-+%/14&*/-D+(1&*(+%(+*#&-*&(7&D4>4%4#/*,&(D4#$/14&*+D(+*(+%(B-$7&E(
1-+/,/D(7/-/(+D#+(3*(.(0+,4/,/D(7&-(+%(/,$%#&(:.=&);,&(F"/E,2

1&07&-#/04+*#&D(/%#+-*/89&DH(

%(k8%4f/-(%/(D&>-+1&--+1145*E(+D(,+14-E(%/(7-X181/(,+(%/(1&*,$1#/(

!'*)$!'!2

%(k8%4f/-(%/(*+B&14/145*(/(#-/92D(,+(1&*#-/#&DH
%(;.$,/-%+(/(/*/%4f/-(%/D(1&*D+1$+*14/D(,+(D$D(/114&*+DH

=kl;(<)_(FJCa)@CJ;<C

<F

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

C-4+*#/14&*+D(
C*+*/)F*4

C-4+*#/14&*+D(
C*+*/)F*4

)$%$".*(,.2C$

-2+24").$-(,%(3%)$,%'()$42*3(,%,*42$)(,

%(!-/>/h/-(/(#-/92D(,+(%/(+,$1/145*(+0&14&*/%(%&D(04+,&D(/(G-/1/D/-E(/(*&(D+-(

%(F-&B-/0/-($*(8+07&(7/-/(%/(+*D+W/*f/(,+(6/>4%4,/,+D(

%(k8%4f/-(%/(1&0$*41/145*(/D+-89/(.(%/(+07/o/'

%(;.$,/-(/%(/%$0*/,&(/(+*#+*,+-(%/D(D+W/%+D(,+(D$(+*#&-*&(

/1+7#/,&E(/(%/(4*+D#/>4%4,/,(j$+(D4+*#+E(/(%&D(1/0>4&D(,+(6$0&-q
s(k8%4f/-(+%(1&*#/1#&(94D$/%H

s(k8%4f/-($*(9&1/>$%/-4&(/D+-89&(7&-(7/-#+(,+%(/,$%#&(0&,+%/*,&(/D"(+%(
'*"#!"$%&!'(2
s(T+*D/h+D(t.&uH()hH'(r_=+,")/*=X?+F=+G%").=XV
s(k8%4f/-(7/%/>-/D(,+(1&%/>&-/145*H()hH'(t](@=*+(+8).`?+a8(@=*+(+C($).`?+
ab$5@=+,=!)@=*+.)*=&8).+)*'=cV

D&14/%+DH

:+b7-+D4&*+D(G/14/%+DE(B+D#&DE(D+W/%+D(,+(7+%4B-&E(D4#$/14&*+D(
D&14/%+DHHHKE(+*D+W/-%+(/%#+-*/89/D(,+(-+D7$+D#/(/,+1$/,/H

%(;.$,/-%+(/(/*/%4f/-(%/D(1&*D+1$+*14/D(,+(D$D(/1#&DE(7/-/(

/D"(7&,+-(/,/7#/-(D$(1&07&-#/04+*#&(/(%/D(,4G+-+*#+D(
D4#$/14&*+DH

%(a&0+*#/-(%/D(-+%/14&*+D(1&*(D$D(4B$/%+D(0+,4/*#+(h$+B&(D&14/%E(

#-/>/h&(+*(B-$7&q

s(<+0&D#-/-(4*#+-2D(7&-(+%(&#-&'(abd%3+,")/*(*+'Bc+bL5@=+&=+8)*cV
%(F-&1$-/-(j$+(D4+*#/*(7-&b404,/,(/G+189/(7&#+*14/*,&(%/D(-+%/14&*+D(

%()D#/>%+1+-($*/(-+%/145*(,+(-+D7+#&E($8%4f/*,&(7&-(7/-#+(,+%(

%(;.$,/-(/%(/%$0*&(/(j$+(1&*&f1/(D$D(G&-#/%+f/D(.(,+>4%4,/,+D(1&*14+*14X*,&%&(

%(!-/>/h/-(%/D(+D#-/#+B4/D(7-&\D&14/%+D(1-+/*,&($*(/,+1$/,&(

4*#+-7+-D&*/%+D(.(%&D(9"*1$%&D(D&14/%+D(/(#-/92D(,+(h$+B&DE(#-/>/h&D(+*(B-$7&q
,+(D$D(7-&74/D(9/%"/D(.(#-/>/h/*,&(D$D(,+>4%4,/,+DH

%(J+/%4f/-(,4*X041/D(B-$7/%+DE(1&*(+%(&>h+89&(,+(#-/>/h/-(%/(1&6+D45*(.(%/(

4*1%$D45*(,+(#&,&D(%&D(04+0>-&D(,+%(B-$7&H

7-&G+D&-($*(%+*B$/h+(1%/-&(.(1&*14D&H

1%40/(,+(/$%/(>/D/,&(+*(+%(1&07-&04D&(/(%/(*&-0/E(+%(
0&,+%/,&(,+(1&*,$1#/(/(#-/92D(,+%(7-&G+D&-(.(,+(/%$0*/,&(
j$+(7$+,+(+h+-1+-($*(%4,+-/fB&(7&D489&q(

%()*#-+*/-(+*(-+D&%$145*(,+(1&*p41#&DH

%(F&D4>4%4#/-(j$+(+%(/%$0*&(7$+,/(4-(1&*&14+*,&(.(,+D/--&%%/*,&($*(

/$#&1&*1+7#&(7&D489&(,+(D"(04D0&H(

%(J+p+b4&*/-(.(+*D+W/-(+%+0+*#&D(+b7-+D49&DE(-+1+789&D(+(

%(I$4,/-(+%(%+*B$/h+(j$+($8%4f/0&DE(+94#/*,&(0+*D/h+D(*+B/89&D(,4-4B4,&D(

4*#+-/189&D(,+(%/(1&0$*41/145*E(7/-/(/7-+*,+-(/(/h$D#/-(+%(
%+*B$/h+(+*(%/D(-+%/14&*+D(D&14/%+DH

/%(/%$0*/,&H(F&-(+h+07%&E(,+14-'(aM"+=.!)/(*+'%+@)*(?+,=!.T*+'.(D(1(.+
(!)$%(!(@)/')`(+*(9+f(,+'(aH.)*+%/+!)*(*'.)?+7)/)*+'=!(+'%+@)*(+
!)*=.!)/(!(`A

%(;D4B*/-(/%(/%$0*&($*(-&%(/,+1$/,&(.(7&D489&(,+*#-&(,+%(B-$7&(/7-&9+16/*,&(

D$D(G&-#/%+f/DH()hH'(/7-&9+16/-(D$D(1&*&1404+*#&D(,+(4*G&-0X81/(7/-/(/.$,/-(
/(%&D(1&07/W+-&DH

%()D#/>%+1+-(1&*D+1$+*14/D(,+(1&*,$1#/D(,+D/h$D#/,/D(+*(0&0+*#&D(j$+(*&(

6/./(1&*p41#&H(

+
0)#6!"#1#$&3%1
,)$!-#$&*$1'1
2'(#"1%-#@*$1
'6)>*$/

%(;*8147/-(%/D(1&*D+1$+*14/D(,+(%/D(1&*,$1#/D(*&(/,+1$/,/DE(,+h/*,&(1%/-&(

j$2(+D(%&(j$+(&1$--4-X(1$/*,&(D+(1&07&-#+(,+(,+#+-04*/,/(0/*+-/H

%()94#/-(1-481/-%&D(7g>%41/0+*#+(&(7&*+-%&D(+*(+94,+*14/H

=kl;(<)_(FJCa)@CJ;<C

<6

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

C-4+*#/14&*+D#
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)H

^HOH(F/$#/D(,4G+-+*14/,/D(7&-(+#/7/(+D1&%/-

&'2C$'2$

)D#/D(&-4+*#/14&*+D(1&07%+0+*#/*(.(+D7+1431/*(%/D(,+D1-4#/D(+*(
+%(/7/-#/,&(,+(&-4+*#/14&*+D(B+*+-/%+DH(

+$).$%-(%$.(34253
"(!-/>/h/-(%/D(*&-0/DE(j$+(,+>+*(D+-(1%/-/DE(D+*14%%/D(.(

1&*D+*D$/,/DH(I&%&1/-%/D(+*($*(%$B/-(94D4>%+H

Z/*)/(D+(
*+'3/+3(d4&%3(
N()J6&*+'*(
*4'/D%'D/)"3

^HOHMH( F-40/-4/(
;)($+)F&")"("*(F)(B"D%)%&,+(R/&J)/&)(*4(./3.3/%&3S
+)/( )( '3"34( F34( +&V34( N( +&V)4( D+)( *"D%)%&,+( ^D*(
.*/J&')()$)+9)/(4D("*4)//3FF3(.*/43+)F(N(4D(./3.&3(
6&*+*4')/]()"^D&/&/(-)6&F&")"*4(/*F)01)4()(F)(*a./*S
4&,+(N(%3J./*+4&,+(3/)F]()(F)(F*%'D/)]()(F)(*4%/&'D/)(N(
)F(%8F%DF3]()4E(%3J3("*4)//3FF)/(-)6&F&")"*4(43%&)F*4](
-86&'34("*('/)6)G3(N(*4'D"&3](*F(4*+0"3()/c40%3](F)(
%/*)01&")"(N(F)()I*%01&")"_((

"()D#/>%+1+-($*/(-$8*/(,4/-4/(+*(+%(G$*14&*/04+*#&(,+(

"!#)"!-*2

"(;*8147/-(%&D(1/0>4&D(+*(%/D(-$8*/DH
"(I&%&1/-(+*($*(%$B/-(94D4>%+(+%(6&-/-4&(D+0/*/%(,+(1%/D+H
"(F%/*431/-(%/($>41/145*(,+%(/%$0*&H
"( k8%4f/-( 0+,4&D( #21*41&D( j$+( G/9&-+f1/*( D$( /#+*145*(

:9",+&DE(&-,+*/,&-+DqKH

"()*(-+%/145*(/(%/D(#/-+/D(+D1&%/-+D(#+*+-(+*(1$+*#/(j$+(

9-3!-#-*!&<

s(I&-#/DE(+D#-$1#$-/,/D(.(0&89/,&-/DH(

<+1-+#&(a&-/%(O]`OPPZE(,+(MY(,+(0/-f&H

s(T+h&-(7&1/DE(9/-4/,/D(.(D$7+-94D/,/DH
</C)+&9)/(F)4(
')/*)4()(/*)F&9)/(
N(J)'*/&)F*4()(
D0F&9)/

_&D(/%$0*&D(1&*(!<;eE(,+>4,&(/(D$D(1/-/1#+-"D81/DE(7$+,+*(#+\
*+-(,431$%#/,+D(7/-/(/%1/*f/-(+%(3*(,+D1-4#&(/*#+-4&-0+*#+H(F&-(
+%%&( +D( 407&-#/*#+( $8%4f/-( 7/$#/D( +D7+1"31/D( +*( *$+D#-/( %/>&-(
,&1+*#+(j$+(G/14%4#+*(/%(*4W&(/%1/*f/-(%&D(&>h+89&D(7-&74&D(,+(
+D#/(+#/7/E(.(7-&7&-14&*+*(/(#&,&(+%(/%$0*/,&(%/D(04D0/D(7&D4\
>4%4,/,+D(+,$1/89/D(7/-/(+*G-+*#/-D+(/(%/(D4B$4+*#+(+#/7/H

"(k8%4f/-(+Dj$+0/DH(
"( )*D+W/-%+( /%( /%$0*/,&( /( $8%4f/-( %4D#/D( ,+( D+1$+*14/\

145*(,+(%/D(#/-+/D(j$+(%+(B$"+*(+*(%/(-+/%4f/145*(,+(%/D(
/1894,/,+DE(7$+,+*(D+-(1&*(40XB+*+D(&(1&*(#+b#&H

"()*D+W/-%+(#21*41/D(7/-/(&-B/*4f/-(+%(8+07&
"()*D+W/-%+(/(7-+7/-/-(.(&-B/*4f/-(+%(0/#+-4/%(*+1+D/-4&(

7/-/(%/(/1894,/,(/*#+D(.(/%(3*/%4f/-(%/(D+D45*H

"(;9/*f/*,&(6/14/($*(G$*14&*/04+*#&(0XD(/$#5*&0&E(

,/-($*(8+07&(7/-/(j$+(+%(/%$0*&(&-B/*41+(+%(0/#+-4/%(
j$+(9/(/(*+1+D4#/-H
L=/7/B(+&(+'(D&(AAA

=kl;(<)_(FJCa)@CJ;<C

<<

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

+$).$%-(%$.(34253

+$).$%-(%$.(34253

"(I/7#/-(%/(/#+*145*(,+%(/%$0*&(/*#+D(,+(%/(+b7%41/145*(

"(T/*#+*+-(1&*#/1#&(94D$/%(G-+1$+*#+H

/%(B-$7&H

L*4)//3FF)/(
.*/&3"34("*(
%3+%*+'/)%&,+(
%)")(1*9(J84(
F)/C34

"( J+D$04-( ,+( G&-0/( 4*,494,$/%( %/D( 1&*D4B*/D( ,/,/D( /%(

?4*CD/)/4*(
"*(^D*(-)(
*+'*+"&"3%
F)()%01&")"

B-$7&H(

"(J+7+8-(%&D(0+*D/h+D($8%4f/*,&(&#-/D(7/%/>-/DE(B+D#&D(

&($*(/7&.&(94D$/%H

1/*D&DE( -+D7+#/*,&( D$D( 7+-4&,&D( ,+( 1&*1+*#-/145*E(

-+p+hX*,&%&(,+(G&-0/(94D$/%(/(*49+%(B+*+-/%(&(,+(G&-\
0/(4*,494,$/%4f/,/(7/-/(+%(/%$0*&H

"(J+G&-f/-(%&D(/$0+*#&D(+*(+%(8+07&(,+(/#+*145*(1&*($*(

B$4W&E($*/(D&*-4D/q

"(F+,4-%+(,+(0&,&(,4D1-+#&(j$+(+b7-+D+(9+->/%0+*#+(%&(

j$+(6/(+*#+*,4,&H

"(J+1&-,/-%+(+%(6&-/-4&(+D1&%/-(.(%/D(/1894,/,+D(,4/-4/DH

"()D#/>%+1+-(1&07/W+-&D(,+(D$7+-94D45*(.(+D#$,4&(1&*(

"(J+1&-,/-%+(%/D(G+16/D(,+(+*#-+B/(,+(#-/>/h&D(&(-+/%4f/\

+D#-/#+B4/D(/,+1$/,/D(.(>$+*(*49+%(,+(1&*1+*#-/145*(
j$+(/.$,+*(/%(/%$0*&(+*(,+#+-04*/,&D(0&0+*#&DH

?ND")/()(
.F)+&$%)/(4D(
1&")(*4%3F)/

"(;1&-,/-(1&*(+%(/%$0*&(,+(G&-0/(4*,494,$/%($*/(D+W/%(

j$+(+94#+(D$(,4D#-/1145*(.(%+(-+1&*,$f1/(+*(D$(#/-+/H

145*(,+(+bX0+*+D(/(0+,4,/(j$+(D+(9/./*(/1+-1/*,&H

"(;.$,/-%+(/(/7$*#/-(%/D(#/-+/D(.(D$7+-94D/-(j$+(%&(6/(

6+16&H

"(@$7+-94D/-(%/(/B+*,/(.(+%(0/#+-4/%(j$+(9/(/(*+1+D4#/-E(

"(a-/B0+*#/-(%/(/1894,/,(+*(7/-#+D(1&-#/DE(D$7+-94D/*\

3!&3(#*&#"!#*-)$*"!#)(%(#*&#)!-!2

,&(+%(8+07&(j$+(,+,41/(/(1/,/($*/H

"(F-&7&*+-(/1894,/,+D(9/-4/,/DH

"( T/-1/-( 8+07&D( 1&*1-+#&D( 7/-/( %/( -+/%4f/145*( ,+( %/(

Z3+'/3F)/(
*F(0*J.3(
"*"&%)"3()(F)4(
)%01&")"*4

"()D#-$1#$-/-(%/(D+D45*(7%/*431/*,&(+%(#-/>/h&(.(%&D(,+D\

"( F-&7&*+-( /1894,/,+D( 1&&7+-/89/D( G&-0/*,&( B-$7&D(

3!4*!2

,+(#-/>/h&(1&*(7/7+%+D(1%/-/0+*#+(,4G+-+*14/,&DH

"(kD/-($*(-+%&h(&(1-&*50+#-&(7/-/(%/(-+/%4f/145*(,+(%/D(

"(

/1894,/,+DH

"(</-(%/D(4*D#-$114&*+D(/(0+,4,/(j$+(9/./(-+/%4f/*,&(%&D(

F-&7&*+-( #/-+/D( *$+9/D( j$+E( D$7&*4+*,&( $*( -+#&E(

+D#2*(/%(/%1/*1+(,+(D$D(7&D4>4%4,/,+DH

"(e/1+-%+(7/-8147/-(1&*(2b4#&(+*(1%/D+(6/142*,&%+(7-+\

,4G+-+*#+D(7/D&DH

?DJ*+')/(4D(
J301)%&,+(N(
%).)%&")"("*(
*4ID*/93

"(;94D/-(1&*(/*#+%/145*(/*#+D(,+(%/(3*/%4f/145*(,+%(8+0\

7&(,+,41/,&(/(%/(/1894,/,H

"(@$7+-94D/-(,+(G&-0/(,4D1-+#/(%/(-+/%4f/145*(,+(%/(/18\

94,/,(7-&7$+D#/H

B$*#/D(1$./(-+D7$+D#/(1&*&1+H

"(J+/%4f/-(1&0+*#/-4&D(7&D489&D(.(-+G$+-f&D(/*#+(1$/%\

j$4+-(/7-&b40/145*(/(%/(1&*,$1#/(,+D+/,/H(

"(J+D1/#/-(.(,+D#/1/-(%/D(1&*,$1#/D(7&D489/D(,+%(/%$0*&H
"(?&(+8j$+#/-(*4(6/1+-(h$414&D(,+(9/%&-(,+(%/(1&*,$1#/(

4*/,+1$/,/H(

L=/7/B(+&(+'(D&(AAA

"(@+W/%/-(%/(1&*,$1#/(/,+1$/,/(j$+(,+>+(D$D8#$4-(/(%/(

4*/,+1$/,/H

0*%1(*6!'$)@*$1
(*%$)>*16)$6*$171
+
(*%15*$1,#63$/

"(A-(/$0+*#/*,&(+%(*49+%(,+(+b4B+*14/(1&*G&-0+(D+(9/*(

7-&,$14+*,&(/9/*1+D(+*(D$(/7-+*,4f/h+H

=kl;(<)_(FJCa)@CJ;<C

<0

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

C-4+*#/14&*+D#
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)H

&'2C$'2$

/2&('$4.2>2-$-

/2&('$4.2>2-$"(T+,4-(1$X*#&(8+07&(7$+,+(7+-0/*+1+-(#-/>/h/*,&(,+(

"(</-%+(0+*&D(1/*8,/,(,+(+h+-1414&D(,+(0&,&(j$+(D+(

G&-0/(1&*1+*#-/,/H

#/E(/h$D#/*,&(+%(+*#&-*&(.(%/D(7+814&*+D(/(%/(1/7/14,/,(
,+( 1&*#-&%( ,+%( /%$0*&H( )hH'( D4( %/( D/%4,/( ,+%( /%$0*&( /%(
7/8&( h$*#&( 1&*( +%( -+D#&( ,+( %&D( B-$7&D( %+( D$7&*+( $*(
,+D1&*#-&%E( &7#/-( 7&-( D/1/-( /%( B-$7&( ,+%( /%$0*&( $*&D(
04*$#&D(/*#+DH

"(

F-+D+*#/-%+( %/( #/-+/( 1&*G&-0+( 9/./( 3*/%4f/*,&( %/(

/*#+-4&-E( ,X*,&%+( $*( 8+07&( 7/-/( D$( -+/%4f/145*( .(
1&--4B42*,&%/(4*0+,4/#/0+*#+H

"(

F-&B-/0/-( %/( -+/%4f/145*( ,+( #/-+/D( j$+( -+j$4+-+*(

+DG$+-f&( 0+*#/%( ,+D7$2D( ,+( 7+-4&,&D( ,+( +DG$+-f&(
vD41&'(-+1-+&E(+,$1/145*(vD41/H(I&*(+D#&(1&*D+B$40&D(
j$+(+%(1/*D/*14&(G/9&-+f1/(D$(1&*1+*#-/145*E(/$*j$+(
+D( 7&D4>%+( j$+( *+1+D4#+0&D( ,+,41/-( $*( 8+07&( /( %/(
-+%/h/145*H

Z3+'/3F)/(%
F34(*4cJDF34

"( A,+*831/-( %/D( D+W/%+D( j$+( /*8147/*( 1&07&-#/04+*#&D(

0&%+D#&DE( 1&0&( B&%7+/-( -+4#+-/,/0+*#+( %/( 0+D/( 1&*(

+%(%X74fE(.(-+1&*,$14-(6/14/(%/(-+/%4f/145*(,+(#/-+/D(j$+(
D$7&*B/*(0&9404+*#&E(1&0&(-+7/-8-(316/D(,+(#-/>/h&H

"(

"(k8%4f/-(0/-1/,&-+D(,+(8+07&(1&0&(-+%&h+D(,+(/-+*/E(

F&D4>4%4#/-( +%( +h+-1414&( vD41&( 7/-/( -+>/h/-( +%( *49+%( ,+(

/1894,/,H()hH'(/*#+D(,+(4*414/-($*/(D+D45*(j$+(-+j$4+-/(
1&*1+*#-/145*(.(,+D7$2D(,+(&#-/(,+(#-/>/h&E(7+-048-%+(
j$+(D$>/(.(>/h+(%/D(+D1/%+-/DH

1-&*50+#-&Dq(7/-/(#-/>/h/-(%/(1&*14+*14/(,+%(8+07&H

"(F+-048-(14+-#&(*49+%(,+(0$-0$%%&(.(0&9404+*#&(+*(+%(

!$"!2

"(F+-048-(0&9404+*#&D(1&-7&-/%+D(j$+(*&(D$7&*B/*(,+D\

"(AB*&-/-(0&9404+*#&D( 4*1&*#-&%/,&D( .(/1&-,/-(1&*( +%(

7%/f/04+*#&DE(04+*#-/D(*&(D+/*(7+-#$->/,&-+D(7/-/(%/(
/1894,/,(7-4*147/%H

/%$0*&($*/(D+W/%(j$+(%+(/.$,+(/(%/(-+1&*,$1145*(D4*(
*+1+D4,/,(,+(%%/0/-%+(%/(/#+*145*H()hH'(B$4W/-($*(&h&H

"( F&D4>4%4#/-( %&D( ,+7%/f/04+*#&D( G$*14&*/%+DH( )hH'( j$+( D+(

"( )*D+W/-%+( /( -+D7+#/-( %&D( #$-*&D( ,+( 7/-8147/145*( +*(

#/-+/D(B-$7/%+DH

%+9/*#+(/(0&D#-/-(/%(7-&G+D&-($*/(7/-#+(,+(%/(#/-+/H

?I/3+')/(
4&'D)%&3+*4(
C*+*/)F*4("*(
J)+*/)(,.0J)

"( C-B/*4f/-( /1894,/,+D( +*( %/D( j$+( +%( /%$0*/,&( 7$+,/(

@3J*+')/(
F)()%01&")"(
%3+'/3F)")

7/-8147/-(/(,4G+-+*#+D(*49+%+D(.(-+/%4f/*,&(#/-+/D(,4D8*\
#/DH()hH'(6/1+-($*(0$-/%(+*(+j$47&(/D4B*/*,&(,4G+-+*#+D(
-+D7&*D/>4%4,/,+DH

"(

&'2C$'2$

1+*#-+(0XD(+*(%/(1/%4,/,(j$+(+*(%/(1/*8,/,H

"()94#/-(D4#$/14&*+D(+*(j$+(*&(7$+,/(1&*#-&%/-(D$(1&*,$1\

Z3+'/3F)/(F)(
&+^D&*'D"(N(
*F(*a%*43("*(
J31&J&*+'34(
&+)./3.&)"34

C-4+*#/14&*+D#
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)H

F-&B-/0/-( 7+j$+W/D( #/-+/D( &( -+D7&*D/>4%4,/,+D( ,+(

/.$,/( /%( 7-&G+D&-( j$+( 7&D4>4%4#+*( +%404*/-( %/( #+*D45*(
.(+*+-B"/(/1$0$%/,/DH()hH'(+*1/-B/-%+(+%(1$4,/,&(,+(%/(
74f/--/E(,+(/%B$*/(7%/*#/(,+%(/$%/HHH

"(F+-048-(j$+(-+/%41+(+b7%41/14&*+D(/(&#-&D(+D#$,4/*#+DH
"(</-%+(&7&-#$*4,/,(,+(+b7-+D/-(D$(7$*#&(,+(94D#/(+*(D4\

#$/14&*+D(1&*p4189/D(+*(%/D(j$+(6/(+D#/,&(407%41/,&H

"(

A*#+-9+*4-( 1&*( +%( -+D#&( ,+( 1&07/W+-&D( 7/-/( j$+(

/1+7#+*(/%B$*/D(4*#+-9+*14&*+D(*&(/,+1$/,/D(,+(D$(
1&07/W+-&H

"()94#/-(j$+(%&D(1&07/W+-&D(404#+*(&(/*40+*(/%(/%$0*&(

/(-+/%4f/-(0&9404+*#&D(4*/,+1$/,&D

"( F-+B$*#/-%+( 6/>4#$/%0+*#+( 74,42*,&%+( j$+( D/%B/( /( %/(

74f/--/H

L=/7/B(+&(+'(D&(AAA

=kl;(<)_(FJCa)@CJ;<C

<1

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

A-#,#%1
55#@'"1'1
('4*16-(2*$1
!"*7#(&*$1'51
6)$6*1&)#6!*/

2C&"),2>2-$-

2C&"),2>2-$"(I&*D+*D$/-(.(,+3*4-(%/D(*&-0/D(B+*+-/%+D(,+%(/$%/E(.(

"(a&0+*#/-(+%(#-/>/h&(1&%/>&-/89&(+*#-+(+%(/%$0*/,&H

,+14,4-(%/D(1&*D+1$+*14/D(,+(D$(4*1$07%404+*#&H

"(F&D4>4%4#/-%+(4*,41/14&*+DE(1&*D+h&D(.(/,9+-#+*14/D(j$+(

"(J+,/1#/-(+*(7&D489&(%/D(*&-0/DE(j$+(6/*(,+(D+-(7&\

B$"+*( D$( 1&*,$1#/E( 1&*( +%( &>h+89&( ,+( j$+( 1&*D4B/(

4*#+-4&-4f/-%&( :/( #-/92D( ,+( 40XB+*+DE( 41&*&DE( G-/D+D(
)(&)4*3!->,2

1/DE(1%/-/D(.(1&*D4D#+*#+DH(

"( )D#/>%+1+-( .( 1&*D+*D$/-( *&-0/D( 7+-D&*/%4f/,/D( 1&*(

/j$+%(/%$0*/,&(j$+(%&(*+1+D4#+H

"()%&B4/-E(+*(%&D(0&0+*#&D(,+(4*414&(,+(1&*,$1#/(4*/,+\

1$/,/E(/%(/%$0*&(j$+(7-+D+*#+($*(1&07&-#/04+*#&(
/,+1$/,&(.(j$+(7$+,/(D+-94-(,+(0&,+%&H

"( F-+9+-( ,4G+-+*#+D( 9"/D( ,+( D&%$145*( /( $*( 04D0&( 7-&\

>%+0/H

L*$+&/(F)4(
+3/J)4

C-4+*#/14&*+D#
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)H

"()*D+W/-%+'(

"( e/1+-( $*( -+1&-,/#&-4&( G-+1$+*#+( ,+( %/( *&-0/89/( .(

1&%&1/-%/(+*($*(%$B/-(94D4>%+(,+%(/$%/H

s()D#-/#+B4/D(,+(/$#&4*D#-$1145*(0+,4/*#+(+%(6/>%/(
4*#+-*/( j$+( 7&D4>4%4#+( /%( /%$0*&( 1&*#-&%/-( D$(
)(&'$)3!2

"(J+G&-f/-(/%(B-$7&(%/(1&*,$1#/(/,+1$/,/(j$+(6/./0&D(

7%/*#+/,&H(!-/>/h/-(,+(G&-0/(4*,494,$/%(1&*(+%(/%$0\
*&H( )hH'( aed%3+ D")/f?+ E.($"(*+ (+ G%)+ C(D3"*+ *)E%"!=+
&(+ )J,&"$($"5/+ *)/'(!=*+ F+ )/+ *"&)/$"=?+ C)@=*+ ,=!"!=+
').@"/(.+(+7)@,=`A

@)13/*%*/(*F(
)D'3%3+'/3F

s(!21*41/D(,+(-+%/h/145*H
s(;(+D7+-/-(D$(#$-*&(+*(/1894,/,+D(1&07/-8,/DH

"(e/>%/-(D&>-+(%/D(1&*,$1#/D(4*/,+1$/,/D(+*(7-49/,&H

"(T+,4/-(+*#-+(+%(/%$0*/,&(G/14%4#/*,&(%/(+b7-+D45*(.(

"(;7%41/-(%/D(1&*D+1$+*14/D(,+(G&-0/(4*0+,4/#/H

1&07-+*D45*( ,+( D4#$/14&*+D( ,+( 1&*p41#&( 4*#+-7+-\

D&*/%E( +*#-+*X*,&%+D( 7/-/( j$+( 1&*D4B/*( %%+B/-( /( %/(
-+D&%$145*(,+(1&*p41#&D(D4*(4*#+-9+*145*(,+%(/,$%#&H

"(@+-(1&*D#/*#+(.(3-0+(/(%/(6&-/(,+(/7%41/-(%&D(7-&1+\

,404+*#&DH

"(J+/%4f/-($*/(0/.&-(D$7+-94D45*(+*(D4#$/14&*+D(0+*&D(

L=/7/B(+&(+'(D&(AAA

+D#-$1#$-/,/D'( 7/8&( ,+( -+1-+&E( D/%4,/DE( ,+D7%/f/\

04+*#&DE(3+D#/Dq

"(;$0+*#/-(%/(#&%+-/*14/(/(%/(G-$D#-/145*E(7&D7&*4+*,&(

9)#%#%14-#%'1
+
"#'(()*%1#%1
$)&-'()*%#$1,#1
#6#">#%()'/

=kl;(<)_(FJCa)@CJ;<C

s(;(-+/%4f/-(0&9404+*#&D(1&*(-4#0&D(0$.(%+*#&DH

%/D( -+1&07+*D/D( 4*0+,4/#/D( +*( >+*+314&( ,+( &#-/D(

0/.&-+D(.(0XD(/(%/-B&(7%/f&H
L=/7/B(+&(+'(D&(AAA

<@

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

&'2C$'2$

2C&"),2>2-$-

2C&"),2>2-$-

"()b7-+D/-%+(,4/-4/0+*#+(/D7+1#&D(7&D489&D(-+/%4f/,&DH

"( @+%+114&*/-( 1&*( +%( /%$0*&( %/D( 1&*,$1#/D( +*( %/D( j$+(

D+(9/(/(4*#+-9+*4-(7/-/(,4D04*$4-(&(/$0+*#/-(D$(G-+\
1$+*14/H

"(J+/%4f/-(9/%&-/14&*+D(7&D489/D(.(+j$4#/89/DH(
"()94#/-(1&07/-/14&*+D(1&*(&#-&D(/%$0*&DH

"(@$D8#$4-(+%(9+->&(*).(7&-(+%(9+->&()*'(.E(7/-/(1$4,/-(D$(

/$#&+D80/(+(4*G&-0/-%+(,+%(1&07&-#/04+*#&(+D7+-/\
,&H()hH'(+*(%$B/-(,+(aM=F+%/+('=&=/!.(!=`E(,+14-(aH*'=F+
('=&=/!.(!=`2

"()94#/-(1&0+*#/-4&D(*+B/89&DE(4-&*"/DE(/%f/-(%/(9&fq
"(k8%4f/-(-+B4D#-&D(,+(G&-0/(j$+(7$+,/(9+-(%&D(/9/*1+D(

R/*J&)/(F)4(
)%%&3+*4(
)"*%D)")4(
*(&C+3/)/(F)4(
&+)"*%D)")4

j$+(-+/%4f/(+*(%&D(/7-+*,4f/h+DH

"( )D#-$1#$-/-( +%( /0>4+*#+( 1&*( D+W/%+D( 94D$/%+D( j$+( %+(

"(A07%/*#/-($*(D4D#+0/(,+(7$*#&D(+*(+%(j$+(D+(7-+04/(

B$"+*(+(4*14#+*(/(+D7+-/-(.(7+*D/-H

%/(1&*D+1$145*(,+(&>h+89&D(.(1&*(1&D#+(,+(-+D7$+D#/(
/*#+(+%(4*1$07%404+*#&H(k*/D(9+1+D(7/-/(&>h+89&D(4*\
,494,$/%+D(.(+*(&#-&D(7/-/(&>h+89&D(,+(#&,&(+%(B-$7&H

?DJ*+')/(4D(
%).)%&")"("*(
/*e*a&,+

"( J+8-/-( -+G&-f/,&-+D( 7&D489&D( /( 1&*8*$/145*( ,+( %/(

1&*,$1#/(j$+(j$+-+0&D(+%404*/-H

"(F+,4-%+(j$+(74+*D+(+*(9&f(/%#/(7/-/(/.$,/-%+(/(B+*+-/-(

$*(%+*B$/h+(4*#+-*&(j$+(1&*#-&%+(D$(1&*,$1#/H

"(;1#$/-(,+(0&,+%&(+*(+%($D&(,+%(%+*B$/h+(4*#+-*&(+*(%&D(

7-&1+D&D(,+(-+D&%$145*(,+(7-&>%+0/DH(

"(C>D+-9/-(.(/*/%4f/-(,+D7$2D(1&*(2%`+%%/(%/D(1&*,$1#/D(

"(AB*&-/-(%/D(1&*,$1#/D(4*/7-&74/,/D(.(+*(+%(1/D&(,+(j$+(

j$+( 7-+D+*#/( +*( ,4G+-+*#+D( 0&0+*#&DE( +D7/14&D( .(

1&*( ,4G+-+*#+D( 7+-D&*/DE( 0&D#-/*,&( /%#+-*/89/D( /(
)(&'$)3!-#&(#!'*)$!'!-2

D+/*(0$.(0&%+D#/D($8%4f/-(+%(8+07&(G$+-/H

"(!-/>/h/-(%/D(1&*D+1$+*14/D(,+(%/D(1&*,$1#/D(,+D/h$D\

#/,/D(+*(%&D(0&0+*#&D(+*(%&D(j$+(*&(6/.(,4D-$7145*H

"(;*/%4f/-(%&D(+--&-+D(&(+j$49&1/14&*+D(-+/%4f/,&D(,+(

G&-0/(&>h+#49/E(+94#/*,&(D+*#404+*#&D(,+(1$%7/>4\
%4,/,H

L=/7/B(+&(+'(D&(AAA

"(e/1+-%+(1&*D14+*#+(,+(%/D(1&*D+1$+*14/D(,+(%/D(1&*\

,$1#/D(4*/,+1$/,/DH

=kl;(<)_(FJCa)@CJ;<C

<A

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

C-4+*#/14&*+D#
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)H

&'2C$'2$

C-4+*#/14&*+D#
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)H

^HOHOH( @+1$*,/-4/
_&D(/%$0*&D(,+(@+1$*,/-4/(,/,/D(%/D(1/-/1#+-"D81/D(,+(%/(+#/7/(
94#/%(+*(%/(j$+(D+(+*1$+*#-/*E(%/(/,&%+D1+*14/E(*+1+D4#/*(%/(7-+\
D+*14/(1+-1/*/(,+%(,&1+*#+E(j$+(D4-9/(,+(B$"/E(,+(0&,+%&E(.(%+D(
&-4+*#+(.(,2(D+B$-4,/,(+*(D$(,+D/--&%%&(7+-D&*/%(.(D&14/%H()D#&(D+(
6/1+( -+/%0+*#+( 407-+D14*,4>%+( +*( %&D( /%$0*&D( j$+( 7-+D+*#/*(
./012

,(4"3-$'2$

+$).$%-(%$.(34253
"#I-+/-(-$8*/D(j$+(7&D4>4%4#+*($*/(0+h&-(&-B/*4f/145*(

,+(%/D(D+D4&*+D(.(j$+(7+-04#/*(/%(/%$0*/,&(/*8147/-(
%&(j$+(94+*+(/(1&*8*$/145*H

"#)D#-$1#$-/-(%/D(D+D4&*+D(,+(G&-0/(j$+(-+D$%#+*(,4*X\

041/D( .( 0&89/,&-/DH( k8%4f/-( ,4G+-+*#+D( G&-0/D( ,+(

7-+D+*#/145*( ,+%( 1&*#+*4,&( :%4>-&E( 316/DE( D&7&-#+(
4*G&-0X81&E(4*9+D8B/145*(+*(B-$7&DE(>gDj$+,/(/189/(
+*(7/-+h/D(&(4*,494,$/%0+*#+qKH

_/( -+D7$+D#/( +,$1/89/( /( +D#+( /%$0*/,&( -+j$4+-+( $*( #-/>/h&(

1&*h$*#&(.(1&&-,4*/,&(,+(#&,&D(%&D(7-&G+D4&*/%+D(j$+(/8+*,+*(
/%(/%$0*&E(7&-(+%%&(+D(1&*9+*4+*#+(7%/*431/-(0&0+*#&D(7+-45,4\
1&D(,+(+*1$+*#-&(.(1&&-,4*/145*H

"#J+,$14-(+%(8+07&(,+,41/,&(%/D(+b7%41/14&*+D(9+->/%+DE(

R/3.D*4')4(
J*'3"3F,C&%)4

<+>4,&(/(%/D(1/-/1#+-"D81/D(7-&74/D(.(&-B/*4f/145*(+D1&%/-(,+(%/(
+#/7/(,+(@+1$*,/-4/E(+D(*+1+D/-4&(j$+(+%(1+*#-&(G/14%4#+(%/(+b4D\
#+*14/( ,+( +D#/( 1&&-,4*/145*( 7/-/( 7-&7&-14&*/-( $*/( -+D7$+D#/(
+,$1/89/(,+(1/%4,/,(.(/h$D#/,/(/(+D#&D(/%$0*&DH(

>$D1/*,&($*/(0/.&-(407%41/145*(,+%(/%$0*/,&H

"#)b7%41/-(7-+94/0+*#+(+%(9&1/>$%/-4&(1&*(+%(j$+(D+(,/\

-X*(%/D(4*D#-$114&*+DH

"#a/9&-+1+-(%/(7/-8147/145*H
"#)b7%41/-(1&*(,+#/%%+E(,+(G&-0/(4*,494,$/%(D4(+D(*+1+D/\

F&-(&#-/(7/-#+E(6/.(j$+(#+*+-(+*(1$+*#/(j$+(%/D(7/$#/D(,+D1-4#/D(
+*( %&D( /7/-#/,&D( ,+( &-4+*#/14&*+D( B+*+-/%+D( .( ,+( %/( +#/7/( ,+(
F-40/-4/(D&*(4B$/%0+*#+(g8%+D(7/-/(2D#/H

-4&E(%&D(7-&1+,404+*#&D(,+(-+D&%$145*(,+(%/D(/1894,/\
,+D(&(#/-+/D(j$+(D+(7%/*#+/*H

"#)*D+W/-(.(/7%41/-(,+(G&-0/(7-X181/(#21*41/D(,+(+D#$,4&(

+*(+%(,"/(/(,"/(,+%(/$%/'(-+/%4f/-(+Dj$+0/DE(4*1+*89/-(
+%(D$>-/./,&E(+#1H

L=/7/B(+&(+'(D&(AAA

D@*5-()*%'%1
(*%$&'%&#6#%&#/

=kl;(<)_(FJCa)@CJ;<C

<B

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

+$).$%-(%$.(34253

+$).$%-(%$.(34253

"#e/1+-(j$+(74,/(/.$,/(D4*(/*8147/-*&D(/(%&(j$+(*+1+\

"#;,/7#/-(+%(7-&B-/0/(+,$1/89&(/(%/D(*+1+D4,/,+D(4*,4\

D4#+H

"#

?./*+"*/()(
)./*+"*/

C-4+*#/14&*+D#
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)H

,(4"3-$'2$

94,$/%+D(,+(1/,/(/%$0*&H

"#

)D80$%/-%+( 7/-/( j$+( 1-++( D$( 7-&74&( D4D#+0/( 7/-/(

-+1&-,/-( %&D( 7-&1+D&D( 0XD( 6/>4#$/%+D( ,+( %/( 94,/( +D\
1&%/-'(7-+7/-/-(%/(0&164%/E(6/1+-(%/(#/-+/E(+*#-+B/-($*(
#-/>/h&q

?GD4'*(%D//&%DF)/

)b7%41/-( /%( B-$7&( +*( j$2( 1&*D4D#+( $*/( /,/7#/145*(

1$--41$%/-E(1%/-431/-(j$+(*&(407%41/(-+,$14-(+%(*49+%(,+(
+b4B+*14/H

"#a&0+*#/-(+*(+%(B-$7&(+%(-+D7+#&(/(%/D(,4G+-+*14/D(+*#-+(

"(-#!"$%&(-2

"#;1#$/-(1&0&(0+,4/,&-(+*#-+(+%(/%$0*&(.(%/D(+D#-/#+\

B4/D(.(0&,/%4,/,+D(7/-/(/7-+*,+-E(/D404%/-(+(4*#+-4&\
-4f/-( 1&*#+*4,&DH( F&D4>4%4#/-( +*1$+*#-&D( 4*,494,$/%+D(
7-+94&D(.(7&D#+-4&-+D(/(%/(D+D45*H

"#!-/*D048-(1&*&1404+*#&D(7&-(0+,4&(,+(%/(/D&14/145*(

.( %/D( 949+*14/DE( 7/-8+*,&( ,+( 1&*&1404+*#&D( 7-+94&D(

.( /1+-1/*,&( %&D( 1&*#+*4,&D( &( D$( 7-+D+*#/145*( /( %&D(
4*#+-+D+D(,+%(/%$0*/,&H

"#a&0+*#/-(%/(-+/%4f/145*(,+(+h+-1414&D(7-X181&DH
"#;D+B$-/-D+(,+(j$+(+%(/%$0*&(1&*&1+(%/D(1/-/1#+-"D8\

1/D(,+(D$(#-/D#&-*&(.(j$+(1&07-+*,+(%/D(7&D4>4%4,/,+D(
j$+(8+*+(.(%/D(,431$%#/,+D(j$+(407%41/*H

9)#%#%1-%'1
>"'%16#6*")'1
@)$-'5/

"# <+D1$>-4-( h$*#&( 1&*( +%( /%$0*&( D$D( 7&#+*14/%+DE( 7/-/(

W301)%&,+

/.$,/-%+( /( D+*8-D+( 0+h&-( .( 7&D4>4%4#/-( D$( ,+D/--&%%&(

7+-D&*/%H

"#a&0+*#/-(%/(>$+*/(1&*,$1#/(.(%/($8%4f/145*(,+%(+%&\

B4&E(>$D1/*,&(.(-+D/%#/*,&(+%(2b4#&(#/*#&(1&0&(D+/(
7&D4>%+H

"#CG-+1+-(/%Bg*(87&(,+(4*1+*89&(j$+(/.$,+(/%(/%$0*&(/(

4*#+-+D/-D+(7&-(1&*D+B$4-($*/(0+#/E(7/-8+*,&(,+($*/(
>gDj$+,/(7-+94/(,+(D$D(4*#+-+D+DH
L=/7/B(+&(+'(D&(AAA

=kl;(<)_(FJCa)@CJ;<C

<D

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

/2&('$4.2>2-$-%(%2C&"),2>2-$-

/2&('$4.2>2-$-%(%2C&"),2>2-$-

"#)D#/>%+1+-(.(1&*D+*D$/-(*&-0/DE(%"04#+D(.(1&*D+1$+*14/D(

"#)94#/-(#/*#&(/18#$,+D(7+-04D49/D(1&0&(/$#&-4#/-4/DH

)"!4!-2

"#;,&7#/-($*/(/18#$,(3-0+(.(1%/-/(+*(+%(1$07%404+*#&(

"# F-4&-4f/-( +%( -+D7+#&( +*( #&,/D( %/D( -+%/14&*+D( D&14/%+D( +*(

,+(%/(*&-0/H(<416/(/18#$,(D+-X(D4+07-+(-+D7+#$&D/E(
/>4+-#/(.(/G+189/H

+%( /$%/( .( +*( +%( 1+*#-&E( ,+,41/*,&( 8+07&( +D7+1"31&( /(

#-/>/h/-%/DH

"#

"#I-+/-(%/f&D(,+(+07/o/(1&*(+%(/%$0*&E(&-B/*4f/*,&(/1\

Z/*)/(D+(
%F&J)("*()DF)(
)"*%D)"3

894,/,+D(j$+(G/14%4#+*(+%(1&*&1404+*#&(,+($*&(04D0&(.(
,+(%&D(,+0XDE(.(/.$,+*(/(+D#/>%+1+-(-+%/14&*+D(4*#+-7+-\
-(&!"*-2

)*( %&D( 0&0+*#&D( 7&D#+-4&-+D( /%( 1&*p41#&E( 4*#+*#/-(

1&0$*41/-D+( 7&D489/0+*#+( 1&*( +%( /,&%+D1+*#+( D4*(
+*h$414/-(*4(1-481/-H

"#J+D&%9+-(%&D(1&*p41#&D(h$*#&(1&*(+%(/%$0*&(407%41/,&E(

BG*/%*/(F)(
"&4%&.F&+)

"#F+-048-%+(9X%9$%/D(,+(+D1/7+'()hH'(7&D4>4%4#/-(0&9404+*#&D(

1&*#-&%/,&D(:/94D&D(/%(1&*D+-h+E(6/1+-(G&#&1&74/DqKE(6/\
1+-%+(7-&#/B&*4D#/(,+(%/(+b7%41/145*q

$8%4f/*,&(%/(*+B&14/145*E(4,+*831/*,&(+%(&-4B+*(,+%(
7-&>%+0/(.(7%/*#+/*,&(7&D4>%+D(D&%$14&*+DH

"# ;( %/( 6&-/( ,+( D/*14&*/-E( +07%+/-( %/D( 1&*D+1$+*14/D(

%5B41/D(.(*/#$-/%+D(:D4(D+*#/,&(/%(%/,&(,+(%/(9+*#/*/(*&(
,+h/(,+(B&%7+/-(+%(1-4D#/%(6/14+*,&(-$4,&D(0&%+D#&DE(D+(
%+(1&%&1/-X(+*($*(%$B/-(j$+(*&(/11+,/(/(%/(9+*#/*/KH

"#@+7/-/-(%/(7+-D&*/(,+%(/1#&(j$+(-+/%4f/E(./(j$+(0$16/D(

9+1+D( *&( D&*( 1&*D14+*#+D( ,+( %/D( 1&*D+1$+*14/D( ,+( D$D(

/114&*+DH(k8%4f/-(0+*D/h+D(j$+(D+(1+*#-+*(+*(%/(/1145*(
.(*&(+*(%/(7+-D&*/H()%(+b1+D&(,+(D+9+-4,/,(,+D0&89/(/(
%&D(/,&%+D1+*#+DE(/$0+*#/*,&(D$(D+*D/145*(,+(G-/1/D&H

"# w$4#/-%+( #+07&-/%0+*#+( $*( 7-494%+B4&( 1&0&( 1&*D+\

1$+*14/(,+($*(1&07&-#/04+*#&(4*/7-&74/,&(:D4(D+(%+(
7+-04o/(h$B/-(1&*(+%(&-,+*/,&-(%&D(g%80&D(04*$#&D(
,+( 1%/D+E( 7-+D14*,4-( ,+( +%%&( D4( *&( 6/( 1&*#-&%/,&( D$(
1&*,$1#/(+*(+D/(0/W/*/KH

"#I-+/-($*(/0>4+*#+(+*(+%(j$+(D+(G&0+*#+(%/(1&0$*41/145*H
"#F-+9++-(7-&#&1&%&D(,+(/1#$/145*(7/-/(/G-&*#/-(D4#$/14&\

*+D(,+(+*G/,&E(G-$D#-/145*(&(4*1%$D&(/B-+D45*H

R/*1*+&/(F)(
).)/&%&,+("*(
%3+e&%'34

"#T/*#+*+-($*/(/18#$,(6/14/(+%(/%$0*&(j$+(G/9&-+f1/(%/(

1&*3/*f/(4*#+-7+-D&*/%H

"#)94#/-(1-481/-%+(7g>%41/0+*#+(&(7&*+-%+(+*(+94,+*14/H
"#)*D+W/-%+(/(-+p+b4&*/-(#-/*D0482*,&%+(4*G&-0/145*(,+(

0/*+-/(1&*D#-$189/(j$+(%+(/.$,+(/(%/(/$#&\&>D+-9/145*H

"#e/1+-%+(7/-o147+(,+(%/D(D&%$14&*+D(7/-/(1&--+B4-(%/(1&*\

,$1#/(4*/,+1$/,/H

L=/7/B(+&(+'(D&(AAA

=kl;(<)_(FJCa)@CJ;<C

<E

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

C-4+*#/14&*+D#
*4.*%E$%)4
7/-/(1/,/(*').)
*"D%)01)H

,(4"3-$'2$

^HOH^H( )D#-/#+B4/D(,+(4*#+-9+*145*(+*(%/D(,431$%#/,+D(+D7+1"31/D(,+(/7-+*,4f/h+

0*%14-#%*$1
"#$-6)#%,*171
$)%&#&)G'%,*/

E#%>-'F#
)(4."'$

4*C&'(3,253%(,4'2.$

f(k8%4f/-($*(D4D#+0/(G&*&%5B41&(7/-/(+%(/7-+*,4f/h+(,+(%/(%+1\
#$-/(.(%/(+D1-4#$-/H

f(k8%4f/-( %&D( ,4G+-+*#+D( D+*8,&D( .( 9"/D( 7/-/( /11+,+-( /%( D4B*431/,&( ,+( %/D(
7/%/>-/D( .( 1&*1+7#&D'( 9+-( %/( 7/%/>-/( +D1-4#/E( ,4>$h/-%/E( /D&14/-%/( 1&*( D$(
40/B+*E(+#1H

f(F+-048-(%/(%+1#$-/(D4%X>41/(/D"(1&0&(+%(D+B$404+*#&(,+(%/(%+1\
#$-/(1&*(+%(,+,&(7/-/(G/9&-+1+-(%&D(7-&1+D&D(%+1#&\+D1-4#&-+DE(
+94#/*,&(1&--+114&*+D(7&-(+%(7-&G+D&-/,&H
f(;$0+*#/-(+%(#/0/W&(,+(%/(%+#-/(.(%/(,4D#/*14/(+*#-+(%/D(%"*+/D(
7/-/(G&0+*#/-(%/(+b/18#$,(%+1#&-/H(
f(a/14%4#/-($*/(%+1#$-/(+*(D4%+*14&(&(D$>\%/>4/%(7-+94/(7/-/(j$+(
D+(G/04%4/-41+(1&*(+%(#+b#&H(
f(T&,+%/-(%/(7-X181/(%+1#&-/(1&--+1#/'(+%(7-&G+D&-(%++-X(+%(#+b\
#&(7&-(7X--/G&D(/*#+D(,+(j$+(%&D(/%$0*&D(-+/%41+*(%/(%+1#$-/H
f(<+D/--&%%/-(/1894,/,+D(,+(%+1#$-/(+*(7/-+h/D(,&*,+($*(1&0\
7/W+-&(j$+(#+*B/($*/(%+1#$-/(p$4,/(D4-9/(,+(0&,+%&
f(F-/181/-(%/(%+1#$-/(1&*h$*#/(+*(9&f(/%#/H
f(F+-048-(j$+(D4B/(+%(#+b#&(1&*($*(0/-1/,&-(,+(1/-#$%4*/E(1&*(
+%(,+,&E(1&*(+%(>&%"B-/G&E(+#1H
f(<+D#/1/-(/j$+%%&D(/D7+1#&D(,+(%/(%+1#$-/(+*(%&D(j$+(D+(7-+92(
j$+(9/(/(#+*+-(,431$%#/,+D(:,+#+-04*/,/D(7/%/>-/DE(D4B*&D(
,+(7$*#$/145*E(+#1HK(0+,4/*#+($*(D$>-/./,&E(-+,&*,+X*,&\
%&(1&*(1&%&-E($*/(1-$fE(+#1H

f(F-+94/0+*#+(/(%/(%+1#$-/E(#-/>/h/-(+%(9&1/>$%/-4&(.(%&D(1&*1+7#&D(*$+9&D(
j$+(9/./*(/(/7/-+1+-(+*(+%(#+b#&H
f(@4(8+*,+(/(9&1/%4f/-(&(%++(+*(9&f(>/h/(7/-/(D"E(7+-048-%+(j$+(%&(6/B/E(./(
j$+(/D"(+D1$16/(D$(7-&74/(9&f(%&B-/*,&(0/*#+*+-(%/(/#+*145*(.(1/7#/*,&(
,+(+D#+(0&,&(+%(D4B*431/,&(,+%(#+b#&H
f(?&(&>%4B/-(/(%++-(+*(9&f(/%#/(/($*(/%$0*&(j$+(8+*+(,431$%#/,+D(:%/(%+1#$-/(
+*(9&f(/%#/(*&(+D($*/(+D#-/#+B4/(/,+1$/,/(7/-/(0+h&-/-(%/(1&07-+*D45*KH
f()*D+W/-(/(,+D14G-/-(+%(D4B*431/,&(,+(%/D(7/%/>-/D(*$+9/D(7&-(+%(1&*#+b#&H
f(F-&7&-14&*/-(8+07&(7/-/(>$D1/-(%/D(7/%/>-/D(+*(+%(,4114&*/-4&H
f(;.$,/-( /( >$D1/-( %/D( 4,+/D( 7-4*147/%+D( .( ,4G+-+*14/-%/D( ,+( %/D( 4,+/D(
D+1$*,/-4/DH
f(;7&./-D+(+*(%/D(7-+B$*#/D(1%/9+D(:j$2E(150&E(1$X*,&E(,5*,+(.(7&-(j$2KH
f(k8%4f/-(&-B/*4f/,&-+D(B-X31&D(.(+D#-/#+B4/D(7/-/(,/-(D+*8,&(/%(#+b#&'
s(!/>%+-&(,+%(-+%/#&'(,494,4-(%/(6&h/(+*(D+114&*+D(7/-/(j$+(,4>$h+(&(
+D1-4>/(D+1$+*14/%0+*#+(%/(64D#&-4/(+*(1/,/(D+1145*H
s(=-X31&D(&(0/7/(,+%(-+%/#&'(4,+*831/-(%&D(7+-D&*/h+DE(%/(#-/0/E(%/(
-+D&%$145*E(+#1H
s(F+-3%+D(B-X31&D'(1&*G+114&*/-($*(B-X31&(1&*(%&D(/1&*#+1404+*#&D(
0XD(407&-#/*#+D(,+%(#+b#&(%+",&H

=kl;(<)_(FJCa)@CJ;<C

0F

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

E#%>-'F#
(,4'2."'$

(I&'(,2*3%(,4'2.$

f#J+G&-f/-( %/( 0&#-414,/,( 3*/( .( %/( ,4-+114&*/%4,/,( /( #-/92D( ,+(

+h+-1414&D(,+(7-++D1-4#$-/H

f#F-+94/0+*#+(/(%/(+D1-4#$-/E(-+/%4f/-($*/(%%$94/(,+(4,+/DE(1&*(&(
D4*(/7&.&(94D$/%E(j$+(7-&7&-14&*+(4,+/DE(1&*1+7#&DE(9&1/>$%/\
-4&E(+#1H(

f#k8%4f/-( #21*41/D( ,+( +*D+W/*f/( 0$%8D+*D&-4/%( :$8%4f/*,&(

+%( 0Xb40&( ,+( 1/*/%+D'( /$,489&E( 94D$/%HHHK( 7/-/( /.$,/-( /( %&D(
/%$0*&D(1&*(7-&>%+0/D(,+(&-#&B-/v/H

f#)*D+W/-(%&D(,4G+-+*#+D(87&D(,+(#+b#&D(.(%/(+D#-$1#$-/(,+(1/,/(
$*&(,+(+%%&D(,+($*/(0/*+-/(0$.(+b7%414#/H(

f#J+/%4f/-(,4/-4/0+*#+(1/%4B-/v/E(>4+*(D+%+114&*/,/(.(+*(7/7+%(
1&*(,&>%+(-/./(:%+D(G/14%4#/(%/(-+G+-+*14/(,+(/--4>/(.(/>/h&KH

f#)07%+/-(#/-h+#/D(&(316/D(7/-/(7+*D/-E(j$+(%+D(B$"+*(+*(%/(7%/\
*431/145*(.(7-&,$1145*(,+%(#+b#&H

f#F-&7&-14&*/-(8+07&(7/-/(%/(1&--+1145*(,+(D$(7-&74/(B-/v/H

f#)*D+W/-( /( #&0/-( 1&0&( -+G+-+*14/( %/D( 7-+B$*#/D( 1%/9+D'( j$2E(

150&E(1$X*,&E(,5*,+(.(7&-(j$2H

f#F-&7&*+-(/1894,/,+D(,+(1&--+1145*(0$#$/(,+(B-/v/H

f#F+-048-($8%4f/-(+%(&-,+*/,&-(1&0&(6+--/04+*#/(1&07%+0+*\
#/-4/(,+(/7-+*,4f/h+H(J+/%4f/-(#-/>/h&D(1&*(&-,+*/,&-H

f#I&--+B4-(g*41/0+*#+(%/D(G/%#/D(,+(&-#&B-/v/(j$+(6/B/*(-+G+\
-+*14/(/(%/(-+B%/(&-#&B-X31/(j$+(D+(+D#2(#-/>/h/*,&H

f#@+-(p+b4>%+D(1&*(%&D(+--&-+D(&-#&B-X31&D(+*(%/(-+/%4f/145*(,+(
%&D( #-/>/h&DE( ,/*,&( 0XD( 407&-#/*14/( /%( 1&*#+*4,&( j$+( /( %/(
G&-0/H
f#F-/181/-(-+B$%/-0+*#+(%/D(7/%/>-/D(+*(+%(&-,+*/,&-H
f#J+,$14-(%/(1/*8,/,(,+(#+b#&(/(1&74/-H
f#I&*D#-$4-($*(,4114&*/-4&(7+-D&*/%(1&*(/j$+%%/D(7/%/>-/D(1&*(
%/D(j$+(8+*+(,431$%#/,+DH

=kl;(<)_(FJCa)@CJ;<C

0*%1>"'%,#$1
>#%#"',*"#$1
,#1),#'$/

06

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

0*%1('!'(#$1
,#1@#"11
-%1*",#%1#%11
#51('*$/

+
6'&#6'&)('$
3"C('$4253%=%4?)4")*

>B7<;[Z5gY(LB(R><:;BW?7

f#k8%4f/-(#/>%/D(,+(D$0/-(.(#/>%/D(,+(-+D#/-(7/-/(/B4%4f/-(+%(
1X%1$%&(0+*#/%H

f#)*D+W/-(/(D$>-/./-(%&D(/D7+1#&D(0XD(-+%+9/*#+D(,+%(+*$*14/\
,&'(,/#&DE(4*15B*4#/DE(&#-&DH

f#J+/%4f/-(h$+B&D(,+(1X%1$%&(0+*#/%H

f#;1&D#$0>-/-%+(/(-+7-+D+*#/-(%/(4*G&-0/145*(0+,4/*#+(,4>$h&D(
D+*14%%&DH

f#J+/%4f/-( -+7-+D+*#/14&*+D( #/*#&( ,+( %/( D$0/( 1&0&( ,+( %/(

-+D#/(7&-(0+,4&(,+(,4>$h&DE(7$*8#&Dq

f#F/-1+%/-( +%( +D7/14&( vD41&( ,+%( 7-&>%+0/( +*( ,4G+-+*#+D( f&*/D'(

,/#&DE(7-+B$*#/E(-+7-+D+*#/145*(,+(&7+-/14&*+DE(-+D$%#/,&H

f#!-/>/h/-(%/D(&7+-/14&*+D(0/#+0X81/D(7&-(0+,4&(,+(h$+\
B&D(:,&04*5E(7/-16"DqKH

f#)b4B4-(%/(1&07-&>/145*(,+%(-+D$%#/,&H
f#@4(1&0+#+($*(+--&-(+*($*/(&7+-/145*E(7+,4-%+(j$+(-+74#/(%&D(
7/D&D(7+-&(+*(9&f(/%#/(7/-/(4,+*831/-(,5*,+(%&(6/(1&0+8,&H

f#k8%4f/-( 1&%$0*/D( *$02-41/D( 7/-/( +%( /7-+*,4f/h+( ,+( %&D(

*g0+-&D(+*(+%(j$+(%/D($*4,/,+DE(,+1+*/DE(1+*#+*/Dq(D+/(
+%(-+G+-+*#+(94D$/%H

f#F+-048-($8%4f/-(6&h/D(1$/,-41$%/,/DE(7/-/(G/14%4#/-(%/(1&--+1#/(
/%4*+/145*(,+(%/D(14G-/D(+*(%/D(&7+-/14&*+DH

f#J+/3-0/-(%&D(1&*1+7#&D(>XD41&D(/-4#0281&D'(D4B*431/,&(
,+%(*g0+-&E(1&07-+*D45*(,+(D"0>&%&DE(1&*#/-\,+D1&*#/-E(
1&07&*+-\,+D1&07&*+-( *g0+-&DE( +%( 9/%&-( j$+( &1$7/(
$*( *g0+-&E( 7-&74+,/,+D( /D&14/,/D( /( 1/,/( &7+-/145*( .(
+D80/145*H

f#a/14%4#/-($*/(6&h/(,+(/$#&4*D#-$114&*+DE(j$+(%+(/.$,+(/(4*#+\
-4&-4f/-%/D(.(1&*9+-8-%/D(+*(6X>4#&H
f#F+-048-(j$+(#+*B/(%/D(#/>%/D(,+(0$%87%41/-(/(0/*&H
f#I&*#-&%/-(+%(#-/>/h&(+*(+D7/14&D(1&-#&DE(,+hX*,&%+(#-/>/h/-(,+(
G&-0/(/$#5*&0/(7+-&(+D#/*,&(/#+*#&(/(%&D(7&D4>%+D(>%&j$+&DH
f#;1&D#$0>-/-%+(/($8%4f/-(+%(-+%&h(7/-/(1&*#-&%/-(+%(8+07&(,+,4\
1/,&(/(1/,/(G/D+H
f#?&(&>%4B/-%+(/(1&74/-(%&D(+*$*14/,&D(,+(%&D(7-&>%+0/DE(7+-04\
8+*,&(j$+(,+,4j$+(+D+(8+07&(/(1&0+*f/-(%/(-+D&%$145*H
f#)94#/-(%&D(+*$*14/,&D(%/-B&DE(D4(*&(D&*(*+1+D/-4&DH(@407%431/-(
%/(1&07%+h4,/,H(

=kl;(<)_(FJCa)@CJ;<C

0<

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

^HOH]H( )D#-/#+B4/D(.(7/$#/D(7/-/(+bX0+*+D(#
.(+9/%$/14&*+D

&(F-&B-/0/-(%/D(G+16/D(,+(%&D(+bX0+*+D(1&*(/*#+%/145*(0"*40/(,+(

$*/(D+0/*/(.(1&&-,4*/,/0+*#+(+*#-+(+%(+j$47&(,&1+*#+E(7/-/(
+94#/-(D&>-++DG$+-f&D(.(1&4*14,+*14/D(,+(,"/H

&(I&%&1/-($*(1/%+*,/-4&(,+(+bX0+*+D(94D4>%+(+*(+%(/$%/H

_/D(D4B$4+*#+D(D&*($*/(D+-4+(,+(0+,4,/D(j$+E(D4*(j$+(D$7&*B/*(
$*/( /,/7#/145*( 1$--41$%/-( D4B*431/89/( :+D( ,+14-E( D4*( ,4D04*$4-(
%&D( +D#X*,/-+D( 1$--41$%/-+D(1&--+D7&*,4+*#+D( /%( 141%&`*49+%( j$+(
1$-D/(+%(/%$0*&`/KE(%+(G/14%4#+*(,+0&D#-/-(%&(/7-+*,4,&H(<+(+D#/(
G&-0/(D+(G/14%4#/(%/(+9/%$/145*(,+(%&D(1&*&1404+*#&DE(1/7/14,/,+D(
.(1&07+#+*14/D(,+%(/%$0*/,&(.(*&(D$D(,431$%#/,+D(7/-/(/G-&*#/-(
$*/(D4#$/145*(,+(+b/0+*H

&(I&07-&>/-(%/(/*&#/145*(,+(%/D(G+16/D(+*(%/(/B+*,/(7+-D&*/%H
&(A*G&-0/-(/(%/(G/04%4/(,+(%/D(G+16/D(.(1&*#+*4,&D(,+%(+b/0+*H
&(C-B/*4f/-($*(7%/*(,+(7-+7/-/145*(.(+D#$,4&H
&(F-&B-/0/-(%&D(+bX0+*+D(+*(%/D(7-40+-/D(6&-/D(,+%(,"/H
&(F%/*#+/-(7-+B$*#/D(1&-#/D(.(+*$*14/,&D(,4-+1#&DH
&(<4D+W/-(+bX0+*+D(1&-#&D(1&*(0XD(G-+1$+*14/E(+*(9+f(,+(7-$+>/D(

%/-B/DH(

0&3*-

&(a/14%4#/-(+%(#+b#&(+D1-4#&E(+94#/*,&(+%(,41#/,&(&(%/(1&74/(,+(%&D(

+*$*14/,&D(.`&(7-+B$*#/DH(

&(A*1%$4-(7-+B$*#/D(j$+(407%4j$+*(-+D7$+D#/D(>-+9+DH
&(</-(+D7/14&(D$314+*#+(7/-/(-+D7&*,+-H
&(<494,4-(%/D(7-+B$*#/D(1&07$+D#/D(+*(7-+B$*#/D(D+*14%%/DH
&(J+,$14-(+%(*g0+-&(,+(7-+B$*#/D(7&-(6&h/H
&(_/D(7-+B$*#/D(,+(87&(#+D#(G/14%4#/*(%/(,+0&D#-/145*(,+(%&D(

1&*&1404+*#&D(,+%(/%$0*/,&H

&(<4D+W/-(/1894,/,+D(,+(+9/%$/145*(+D1-4#/(.(&-/%E(,+7+*,4+*,&(,+(

%&(j$+(1&*D4,+-+0&D(j$+(+D(0+h&-(7/-/(+%(/%$0*&H

&(J+/%4f/-(+h+-1414&D(1&*(+%(G&-0/#&(,+(+b/0+*(7/-/(G/04%4/-4f/-D+(

1&*(+%%&D(.(7&,+-(1+*#-/-D+(+*(%&D(1&*&1404+*#&D(+%(,"/(,+(%/(
7-$+>/E(4*14,4+*,&(#/0>42*(+*(+%(/7-+*,4f/h+(,+%(1&*#-&%(,+%(
8+07&H

&(;D+B$-/-D+(,+(j$+(8+*+(#&,&(+%(0/#+-4/%(*+1+D/-4&(7/-/(-+/%4f/-(

%/(7-$+>/(,+(+9/%$/145*H

=kl;(<)_(FJCa)@CJ;<C

00

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

0*%1'64)()*$*$H1
I-)#"#%1$#"1
J&*,*1(-'%,*1
$#'%16'7*"#$K/

&(@4#$/-%+(1+-1/(,+%(7-&G+D&-`/(7/-/(D$7+-94D/-(%/(

1&*1+*#-/145*(.(+94#/-(,4D#-/114&*+DH

&(_++-(+*(9&f(/%#/E(7&-(7/-#+(,+%(7-&G+D&-/,&E(%&D(

+*$*14/,&D(,+(%/D(7-+B$*#/DH(

&(<+D#/1/-(%/D(7/%/>-/D\1%/9+(,+(%&D(+*$*14/,&D(.(

7-+B$*#/DH

&(@4($*(+h+-1414&(D+(7$+,+(-+/%4f/-(,+(9/-4/D(G&-0/DE(

&(J+/%4f/-($*(I))!;D($g(4*,494,$/%(.(+*(B-$7&(,+(%&D(

4*,41/-%+(1$X%(+D(%/(0XD(/,+1$/,/(7/-/(2%H(

/D7+1#&D(7&D489&DH(

&(V+-431/-(j$+(+*8+*,+(%/D(7-+B$*#/DH(

&(;*/%4f/-(,+(G&-0/(4*,494,$/%(+%(87&(,+(+--&-+D(

&(CG-+1+-%+($*(%$B/-(%4>-+(,+(,4D#-/114&*+D(j$+(G/9&-+f1/(

/$4!&3*

-+/%4f/,&DH(

D$(1&*1+*#-/145*H

&(@4(7-+D+*#/(,431$%#/,+D(7/-/(1+*#-/-D+(+*(%/(7-$+>/E(

/.$,/-%+(/(-+1&*,$14-(D$(/#+*145*H

<+D7$2D

&(!-/*D048-(,+(G&-0/(4*,494,$/%(150&(7$+,+(0+h&-/-H
&()*D+W/-(+D#-/#+B4/D(.(>gDj$+,/(,+(/%#+-*/89/D(/(%/D(

,431$%#/,+D(j$+(+*1$+*#-/H(

&(A*G&-0/-(,+D,+(+%(7-4*1474&(,+(1$X*#&(8+07&(D+(

&(V/%&-/-(D$(+DG$+-f&(7&-(/7-+*,+-(#/*#&(1&0&(%&(

,4D7&*+(7/-/(%/(7-$+>/H(A-(,/*,&(4*G&-0/145*(,+%(
8+07&(-+D#/*#+(,$-/*#+(%/(-+/%4f/145*(,+(%/(7-$+>/H(

/7-+*,4,&H()%(2b4#&(*&(+D#X(#/*#&(+*(+%(-+D$%#/,&(1&0&(
+*(+%(7-&1+D&H

&(;,/7#/-(+%(8+07&(*+1+D/-4&(7/-/(-+/%4f/-(+%(+b/0+*H(
&(@$7+-94D/-(j$+(6/(-+D7&*,4,&(/(#&,/D(%/D(7-+B$*#/DH(
&(J+1&-,/-(j$+(-+7/D+(D$D(-+D7$+D#/D(/*#+D(,+(,/-(7&-(

#+-04*/,&(+%(+b/0+*H

&()*(%&D(1$-D&D(D$7+-4&-+DE(D4(+%(+b/0+*(,$-/(0XD(,+($*/(

6&-/E(7+-048-%+($*(>-+9+(,+D1/*D&(D/%4+*,&(,+%(/$%/(
$*&D(04*$#&DH

=kl;(<)_(FJCa)@CJ;<C

01

R)D')4(.)/)(F)(/*4.D*4')(*"D%)01)

>*%D/434(,4,X181&D
.(,+(/7&.&(/%(7-&G+D&-/,&

:&6F&3C/)d)

<+(G&-0/(7/-/%+%/(/%(,4D+W&(,+(+D#/(B$"/E(D+(4*414/($*(7-&1+D&(
,+( +%/>&-/145*( .( -+1&74%/145*( ,+( 0/#+-4/%+D( .( -+1$-D&D( ,+(
/7&.&(+*(G&-0/#&(,4B4#/%(7/-/(+%(7-&G+D&-/,&H(

_/D( -+G+-+*14/D( >4>%4&B-X31/D( ,+( %4>-&DE( /-o1$%&D( ,+( -+94D#/E(

,&1$0+*#&D(+%+1#-5*41&D(.(&#-&DE(-+%/14&*/,&D(1&*(+%(#+0/(
,+%( !<;e( .( j$+( 7$+,+*( /.$,/-( /( 7-&G+D4&*/%+DE( G/04%4/D( .(
/%$0*/,&E(D+(4*1%$.+*(+*(%/(7XB4*/(d+>(,+%(IJ))?;(D+W/%/\
,/E(1&*(+%(&>h+89&(,+(j$+(7$+,/(D+-(/1#$/%4f/,/(.(1&07%+#/\
,/(,+(G&-0/(7+-0/*+*#+H

@+( 7-+#+*,+( 1&*D#-$4-( $*( >/*1&( ,+( -+1$-D&D( +,$1/89&DE(

-+D$%#/,&( ,+( $*( #-/>/h&( 1&%/>&-/89&( ,+( #&,/D( %/D( 7+-D&*/D(
4*#+-+D/,/D(+*(1&07/-8-(0/#+-4/%+D(.(7&*+-%&D(/(,4D7&D4145*(
,+(%/(1&0$*4,/,(+,$1/89/H(
I&0&( G&-0/( ,+( /D+B$-/-( D$( 4,&*+4,/,E( 1/%4,/,( .( G/14%4#/-(
D$( >gDj$+,/( .( D+%+1145*( D+-X( +%( Z*+'/3( "*( >*%D/434( "*(
B"D%)%&,+( B4.*%&)F( "*( Y)1)//)( xIJ))?;x( +%( +*1/-B/,&( ,+(
D$(B+D85*(/(#-/92D(,+(%/(7XB4*/(d+>(j$+(+D#/-X(+*(1&*D#/*#+(
-+94D45*(.(/1#$/%4f/145*H(

6y7'``1+*#-&DH+,$1/14&*H*/9/--/H+D`1-++*/`

=kl;(<)_(FJCa)@CJ;<C

0@