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IQOLJJI[LQSL(+7QNOLWUR+IO+OPPY+W+JPX+TPWUR+IQ]PYIQ[+c'WeINd+WN+PVOLQ+WN+
<P\`WTUP(++7+SPMQOLU+,.,+TLVLTLQSLN+OP+c'WeINd+IQ+1,.+KW[LN+PV+OLlOR+
PT+ PQL+ L]LT^+ KW[L+ WQU+ W+ HWJV("'%+ + &OHLT+ HPOZ`MOOPQ+ cHWOLd+ XPTUN+
NKTIQYJLU+ OHTPM[HPMO+ OHL+ OLlO+ IQSJMULU+ cmM+ mJMl+ mJWQRd+ cTWSINORd+
cVWNSINORd+ c%HITU+ !LISHRd+ c$IOJLTRd+ WQU+ c$PJPSWMNO(d"'&+ + 6]LQ+ NMSH+
IQVJW\\WOPT^+ LKIOHLON+ WN+ cQI[[LTRd+ cUW[PRd+ WQU+ cYIYLd+ \WYL+ OHLIT+
WKKLWTWQSL("''++#MSH+SPQNOWQO+TLKLOIOIPQ+PV+c'WeId+WQU+OHL+JIYL+XHIJL+
XIOHHPJUIQ[+ OHL+ \PNO+ TLSLQO+ NSILQOIVIS+ L]IULQSLR+ LNOW`JINHLN+ OHL+
KTPKW[WQUINOIS+QWOMTL+PV+%MSYLT>N+`PPY(+
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OHL+NSHPPJNR+%MSYLT+SJWI\LU+OHWO+OHIN+KTP]LU+OHWO+OHL+3IPQLLT+8MQU+
XWN+ KPJIOISWJJ^+ \POI]WOLU+ WQU+ LQ[W[LU+ IQ+ cJP``^IQ[+ SW\KWI[QN(d"'(++
%P+ \WYL+ HIN+ WT[M\LQOR+ %MSYLT+ I[QPTLU+ OHL+ STIOISWJ+ UINOIQSOIPQ+
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3TIeLNd+ OHWO+ XLTL+ [I]LQ+ VPT+ TLNLWTSH+ OHWO+ PSSMTTLU+ `LVPTL+ 3IPQLLT>N+
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cUM\\^+SPTKPTWOIPQRd"(!+cVTPQO+[TPMKNRd"("+WQU+c\PQL^+JWMQULTIQ[d"(#+
XHLQ+ TLVLTTIQ[+ OP+ 3IPQLLT+ 8MQU+ [TWQON(+ + #MSH+ SHWT[LN+ WTL+ MOOLTJ^+
VWJNL(++7O+IN+XPTOH+NOWOIQ[+PQSL+\PTL+VPT+OHL+TLSPTUR+OHWO+OHL+3IPQLLT+
8MQU+ HWN+ QPO+ WQU+ UPLN+ QPO+ LQ[W[L+ IQ+ ;/B+ KPJIOISWJ+ WSOI]IO^(+ + %HL+
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OHL+KM`JIS(+
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PQ+ W+ VPTOHSP\IQ[+ TL]ILX+ `^+ GLQNLQ+ WQU+ \^NLJV("($+ + 9SYQPXJLU[IQ[+
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[TWQONR+ VPT+ ]IOWJ+ QLX+ TLNLWTSH+ IQOP+ OHL+ HLTLUIOWT^+ SP\KPQLQON+ WQU+
NPSIWJ+ SPTTLJWOIPQN+ PV+ HM\WQ+ W`IJIO^+ WQU+ UI]LTNIO^pWQU+ VPT+ OHL+
UINNL\IQWOIPQ+ PV+ OHPNL+ VIQUIQ[N+ OP+ OHL+ KM`JIS(+ + %HL+ \INNIPQ+ PV+ OHL+
3IPQLLT+8MQU+WN+SJLWTJ^+NKLSIVILU+IQ+ION+SHWTOLT0+
%P+SPQUMSO+PT+WIU+IQ+SPQUMSOIQ[+NOMU^+WQU+TLNLWTSH+IQOP+OHL+
KTP`JL\N+ PV+ HLTLUIO^+ WQU+ LM[LQISN+ IQ+ OHL+ HM\WQ+ TWSL+
[LQLTWJJ^+ WQU+ NMSH+ NOMU^+ WQU+ NMSH+ TLNLWTSH+ IQ+ TLNKLSO+ OP+
WQI\WJN+ WQU+ KJWQON+ WN+ \W^+ OHTPX+ JI[HO+ MKPQ+ HLTLUIO^+ IQ+
\WQR+WQU+(+(+(+TLNLWTSH+WQU+NOMU^+IQOP+OHL+KTP`JL\N+PV+HM\WQ+
TWSL+ `LOOLT\LQO+ XIOH+ NKLSIWJ+ TLVLTLQSL+ OP+ OHL+ KLPKJL+ PV+ OHL+
"QIOLU+#OWOLN+(+(+(+(")(*
%HL+ 3IPQLLT+ 8MQU>N+ NSPKL+ IN+ \MJOIZUINSIKJIQWT^pNMKKPTOIQ[+
TLNLWTSH+IQ+OTWUIOIPQWJ+VILJUN+NMSH+WN+WQOHTPKPJP[^R+KN^SHPJP[^R+WQU+
NPSIPJP[^+ WN+ XLJJ+ WN+ OHL+ QLXLT+ UINSIKJIQLN+ PV+ `LHW]IPTWJ+ [LQLOISNR+
QLMTPNSILQSLR+L]PJMOIPQWT^+KN^SHPJP[^R+WQU+NPSIP`IPJP[^(++7V+XL+HW]L+
WQ+ PTILQOWOIPQR+ IO+ IN+ L\KITISWJR+ VTP\+ WQ+ L]PJMOIPQWT^+ WQU+ [LQLOIS+
KLTNKLSOI]L+ XIOH+ PTI[IQN+ IQ+ OHL+ XPTY+ PV+ )WTXIQ+ WQU+ ?WJOPQ(+ + %HIN+
`IPNPSIWJ+ WKKTPWSH+ TLSP[QIeLN+ QP+ VIlLU+ `PMQUWTILN+ `LOXLLQ+
UINSIKJIQLNR+PQJ^+UIVVLTLQO+fMLNOIPQN+OP+`L+WNYLU+WQU+WQNXLTLU(+
%HL+TLNLWTSH+NMKKPTOLU+`^+3IPQLLT+JPPYN+WO+PMT+L]PJMOIPQWT^+KWNO+
gHM\WQ+PTI[IQNiR+PMT+KTLNLQO+gIQUI]IUMWJ+WQU+[TPMK+UIVVLTLQSLNiR+WQU+
PMT+ VMOMTL+ gOHL+ I\KWSO+ PV+ OLSHQPJP[^+ WQU+ [JP`WJIeWOIPQ+ PQ+ HM\WQ+
LSPJP[^+ WQU+ UL\P[TWKH^i(+ + %P+ UWOLR+ 3IPQLLT+ HWN+ SPQSLQOTWOLU+ PQ+
VPMT+ TLNLWTSH+ WTLWN0+ IQOLJJI[LQSLR+ `LHW]IPTWJ+ [LQLOISNR+ NPSIWJ+
UL\P[TWKH^R+ WQU+ TWSL+ UIVVLTLQSLN("))+ + )MTIQ[+ OHL+ JWNO+ HWJV+ SLQOMT^R+
3IPQLLT>N+ NMKKPTO+ HWN+ HLJKLU+ TLIQ]I[PTWOL+ `LHW]IPTWJ+ [LQLOISN+ WQU+

+
OHL+TWSLN(+
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"))
?))+ %HL+ 3IPQLLT+ 8MQUR+ 7QS(R+ 1>.+-# -%)# $&./))3# 2+/5V# ;-# HOOK0--XXX(KIPQLLTVMQU(PT[+
-W`PMO(HO\J+gJWNO+]INIOLU+&SO(+,5R+1//1i(+
1//1b+ %HL+3IPQLLT+8MQU+WQU+$M\WQ+)IVVLTLQSLN+ 1E;+

OHL+ KN^SHP\LOTIS+ NSILQSLN(+ + 7ON+ NMKKPTO+ PV+ TLNLWTSH+ PQ+ UL\P[TWKH^+

WQU+ HM\WQ+ UI]LTNIO^+ HWN+ KTPUMSLU+ W+ XLWJOH+ PV+ NSILQOIVIS+ UWOW+ WQU+
WQWJ^NIN+ OHWO+ HWN+ JLU+ OP+ W+ \PTL+ PKLQ+ UINSMNNIPQ+ PV+ NLQNIOI]L+ WQU+
I\KPTOWQO+INNMLN(+
%HL+ 3IPQLLT+ 8MQU>N+ KLTNKLSOI]L+ PQ+ OHL+ KTPKTILO^+ PV+ OHL+ NSILQOIVIS+
NOMU^+ PV+ HM\WQ+ UIVVLTLQSLN+ XWN+ NMSSIQSOJ^+ NOWOLU+ `^+ PQL+ PV+ ION+
[TWQOLLN+IQ+ W+ ,;5E+KWKLT+ IQ]IOLU+ `^+ OHL+ =TIOINH+ 9NNPSIWOIPQ+ VPT+ OHL+
9U]WQSL\LQO+ PV+ #SILQSL(+ + $WQN+ 6^NLQSYR+ W+ TLVM[LL+ VTP\+ $IOJLT>N+
?LT\WQ^R+ WQU+ PQL+ PV+ OHL+ \PNO+ SIOLU+ KN^SHPJP[INON+ IQ+ OHL+ XPTJUR+
XTPOL0+
7O+MNLU+OP+`L+OWYLQ+VPT+[TWQOLU+OHWO+IO+XWN+QPO+PQJ^+LOHISWJJ^+
3&9%-+ VPT+ NSILQOINON+ OP+ \WYL+ KM`JIS+ OHLIT+ UINSP]LTILNj+ IO+ XWN+
TL[WTULU+WN+OHLIT+5+-B+OP+UP+NP(++#LSTLS^R+OHL+XIOHHPJUIQ[+PV+
IQVPT\WOIPQR+WQU+OHL+TLVMNWJ+OP+SP\\MQISWOL+YQPXJLU[L+XLTL+
TI[HOJ^+TL[WTULU+WN+SWTUIQWJ+NIQN+W[WIQNO+OHL+NSILQOIVIS+LOHPN(+
%HIN+ IN+ OTML+ QP+ \PTL(+ + 7Q+ TLSLQO+ ^LWTN+ IO+ HWN+ `LLQ+ WT[MLUR+
\PTL+ WQU+ \PTL+ ]PSIVLTPMNJ^R+ OHWO+ NSILQOINON+ NHPMJU+ HW]L+
TL[WTU+VPT+OHL+NPSIWJ+SPQNLfMLQSLN+PV+OHLIT+UINSP]LTILNR+WQU+PV+
OHLIT+KTPQPMQSL\LQONj+IV+OHLNL+SPQNLfMLQSLN+WTL+MQULNITW`JLR+
OHL+TLNLWTSH+IQ+OHL+WTLW+IQ]PJ]LU+NHPMJU+`L+OLT\IQWOLUR+WQU+
TLNMJON+ WJTLWU^+ WSHIL]LU+ NHPMJU+ QPO+ `L+ KM`JISIeLU(+ %HL+ WTLW+
XHISH+ HWN+ NLLQ+ \PNO+ PV+ OHIN+ YIQU+ PV+ WT[M\LQOWOIPQ+ IN+ PV+
SPMTNL+ OHWO+ SPQSLTQLU+ XIOH+ OHL+ IQHLTIOWQSL+ PV+ IQOLJJI[LQSLR+
WQU+XIOH+TWSIWJ+UIVVLTLQSLN+IQ+W`IJIO^(#**+
)LNKIOL+ NOTPQ[+ KTLNNMTL+ OP+ UP+ POHLTXINLR+ OHL+ 3IPQLLT+ 8MQU+
SPQOIQMLN+OP+WSO+PQ+OHL+`LJILV+OHWO+IO+IN+W+SWTUIQWJ+NIQ+VPT+NSILQOINON+OP+
NMKKTLNN+NSILQOIVIS+YQPXJLU[L(++%HL+3IPQLLT+8MQU+TL\WIQN+ULUISWOLU+
OP+ VMTOHLTIQ[+ OHL+ NSILQOIVIS+ NOMU^+ PV+ HM\WQ+ UI]LTNIO^(+ + _L+ WTL+
TLNPJ]LU+ OP+ W+ `LOOLT+ MQULTNOWQUIQ[+ PV+ PMT+ NI\IJWTIOILNR+ PMT+
UIVVLTLQSLNR+ PMT+ KWNOR+ WQU+ PMT+ VMOMTLpQP+ \WOOLT+ HPX+ MKNLOOIQ[+
OHPNL+ VIQUIQ[N+ \W^+ `L+ OP+ LQOTLQSHLU+ TLJI[IPMN+ PT+ KPJIOISWJ+ UP[\WN(++
_L+ `LJIL]L+ OHWO+ I[QPTWQSLR+ VLWT+ PV+ YQPXJLU[LR+ WQU+ NMKKTLNNIPQ+ PV+
WSWUL\IS+ VTLLUP\+ HW]L+ QL]LT+ NLT]LU+ HM\WQIO^+ XLJJ+ WQU+ OHWO+ XL+
NHPMJU+TLNINO+WQ^+LQSTPWSH\LQON+PQ+NSHPJWTNHIK+PT+OHL+SHIJJIQ[+LVVLSO+
PV+ WQ^+ VPT\+ PV+ KPJIOISWJ+ SPTTLSOQLNN+ PT+ PTOHPUPl^(+ + _L+ `LJIL]L+ OHWO+
OHL+ UINSP]LTILN+ NMKKPTOLU+ `^+ PMT+ [TWQON+ SPQNOIOMOL+ I\KPTOWQO+
SPQOTI`MOIPQN+ OP+ OHL+ `LHW]IPTWJ+ NSILQSLN(+ + &QJ^+ `^+ SPQOIQMIQ[+
TLNLWTSH+ PQ+ HM\WQ+ ]WTIWOIPQ+ XIJJ+ XL+ `L+ W`JL+ OP+ MQULTNOWQU+ VMJJ^+
XHWO+IO+\LWQN+OP+`L+HM\WQ(+
+
#**
$(+ G(+ 6^NLQSYR+N%)# M-%&4,# U7# ?4&)/4)# 1/5# N%)# 8+-&),# U7# ?4&)/-&,-,R+ 3)(3&/-)5# &/+ $(+ =(+
?7=#&'R+$9'#+6:#6'*m0+%$6+49'+9')+$7#+_&!m+1EA+g,;B,i(+
1A/+ 9J`WQ^+<WX+!L]ILX+ aCPJ(+AA+

9336')7D0+*6!%787*9%6+&8+7'*&!3&!9%7&'+&8+%$6+37&'66!+8"')+

8IJLU0++4WTSH+,5R+,;.5+
9\LQULU0++GMQL+,2R+,;BE+
+
_6R+ %$6+ "')6!#7?'6)R+ VPT+ OHL+ KMTKPNL+ PV+ VPT\IQ[+ W+
\L\`LTNHIK+SPTKPTWOIPQ+KMTNMWQO+OP+OHL+4L\`LTNHIK+*PTKPTWOIPQN+
<WX+PV+OHL+#OWOL+PV+'LX+:PTYR+HLTL`^+SLTOIV^0+
,(+ %HL+ QW\L+ PV+ OHL+ KTPKPNLU+ SPTKPTWOIPQ+ IN+ %$6+ 37&'66!+
8"')R+7'*(+
1(+%HL+KMTKPNLN+VPT+XHISH+IO+IN+OP+`L+VPT\LU+WTL0+
%P+ WSfMITL+\PQL^R+NLSMTIOILNR+ PT+ POHLT+ KTPKLTO^R+ TLWJ+ PT+ KLTNPQWJR+
`^+ [IVOR+ JL[WS^R+ PT+ POHLTXINLR+ IQSJMUIQ[+ OHL+ TI[HO+ OP+ TLSLI]L+ OHL+
IQSP\L+PT+KTIQSIKWJ+PV+WQ^+KTPKLTO^R+JL[WS^+PT+UL]INL+[I]LQ+`^+XIJJ+PT+
POHLTXINL+ IQ+ OTMNO+ OP+ KW^+ OHL+ KTIQSIKWJ+ PT+ IQSP\L+ OP+ OHIN+
*PTKPTWOIPQj+ WQU+ OP+ HPJUR+ IQ]LNOR+ MNLR+ WQU+ UINKPNL+ PV+ OHL+ KTIQSIKWJ+
WQU+ IQSP\L+ PV+ OHL+ NW\L+ VPT+ WQ^+ PQL+ PT+ \PTL+ PV+ OHL+ VPJJPXIQ[+
SHWTIOW`JL+KMTKPNLN0+
9(+ %P+KTP]IUL+PT+WIU+IQ+KTP]IUIQ[+VPT+OHL+LUMSWOIPQ+PV+SHIJUTLQ+PV+
KWTLQON+ULL\LU+OP+HW]L+NMSH+fMWJIOILN+WQU+OTWION+PV+SHWTWSOLT+WN+OP+
\WYL+NMSH+KWTLQON+ PV+MQMNMWJ+ ]WJML+ WN+ SIOIeLQNR+ WQU+ IQ+ OHL+SWNL+ PV+
SHIJUTLQ+ PV+ NMSH+ KWTLQON+ XHPNL+ \LWQN+ WTL+ IQWULfMWOL+ OHLTLVPTL+ OP+
KTP]IUL+ VIQWQSIWJ+ WIU+ VPT+ OHL+ NMKKPTOR+ OTWIQIQ[R+ WQU+ NOWTO+ IQ+ JIVL+ PV+
NMSH+SHIJUTLQ(+
%HL+SHIJUTLQ+NLJLSOLU+VPT+NMSH+WIU+NHWJJ+`L+SHIJUTLQ+PV+KWTLQON+XHP+
WTL+ SIOIeLQN+ PV+ OHL+ "QIOLU+ #OWOLNR+ WQU+ IQ+ NLJLSOIQ[+ NMSH+ SHIJUTLQR+
MQJLNN+ OHL+ UITLSOPTN+ ULL\+ IO+ IQWU]INW`JLR+ SPQNIULTWOIPQ+ NHWJJ+ `L+
LNKLSIWJJ^+ [I]LQ+ OP+ SHIJUTLQ+ XHP+ WTL+ ULL\LU+ OP+ `L+ ULNSLQULU+
KTLUP\IQWQOJ^+ VTP\+ KLTNPQN+ XHP+ NLOOJLU+ IQ+ OHL+ PTI[IQWJ+ OHITOLLQ+
NOWOLN+KTIPT+OP+OHL+WUPKOIPQ+PV+OHL+*PQNOIOMOIPQ+PV+OHL+"QIOLU+#OWOLN+
WQU-PT+VTP\+ TLJWOLU+NOPSYNR+ PT+ OP+ SJWNNLN+ PV+ SHIJUTLQ+ OHL+\WnPTIO^+ PV+
XHP\+WTL+ULL\LU+OP+`L+NP+ULNSLQULU(+
#M`nLSO+ OP+ OHL+ TLfMITL\LQO+ OHWO+ OHL+ *PTKPTWOIPQ+ NHWJJ+ `L+
WU\IQINOLTLU+ VPT+NOTISOJ^+ SHWTIOW`JL+ P`nLSONR+ WQU+ IQ+ NP+VWT+ WN+ IO+\W^+
`L+VPMQU+KTWSOISW`JL+NP+OP+UPR+OHL+VPTL[PIQ[+KMTKPNLN+NHWJJ+`L+SWTTILU+
PMO+IQ+NMSH+\WQQLT+WN+OP+[I]L+WNNMTWQSL+OP+KWTLQON+PV+OHL+SHWTWSOLT+
ULNSTI`LU+ OHWO+ OHLIT+ SHIJUTLQ+ NHWJJ+ QPO+ JWSY+ WQ+ WULfMWOL+ LUMSWOIPQ+
PT+NOWTO+IQ+JIVL+WQU+OHMN+OP+LQSPMTW[L+WQ+IQSTLWNL+IQ+OHL+QM\`LT+PV+
SHIJUTLQ+PV+NMSH+KWTLQONR+WQU+IQ+NP+VWT+WN+OHL+fMWJIOILN+WQU+OTWION+PV+
NMSH+KWTLQON+WTL+IQHLTIOLUR+OP+WIU+IQ+I\KTP]IQ[+OHL+SHWTWSOLT+PV+OHL+
KLPKJL+PV+OHL+"QIOLU+#OWOLN(+
1//1b+ %HL+3IPQLLT+8MQU+WQU+$M\WQ+)IVVLTLQSLN+ 1A,+

=(+ %P+ SPQUMSO+ PT+ WIU+ IQ+ SPQUMSOIQ[+ NOMU^+ WQU+ TLNLWTSH+ IQOP+ OHL+
KTP`JL\N+PV+HLTLUIO^+WQU+LM[LQISN+IQ+OHL+HM\WQ+TWSL+[LQLTWJJ^+WQU+
NMSH+ NOMU^+ WQU+ NMSH+ TLNLWTSH+ IQ+ TLNKLSO+ OP+ WQI\WJN+ WQU+ KJWQON+ WN+
\W^+ OHTPX+ JI[HO+ MKPQ+ HLTLUIO^+ IQ+ \WQR+ WQU+ OP+ SPQUMSO+ PT+ WIU+ IQ+
SPQUMSOIQ[+ TLNLWTSH+ WQU+ NOMU^+ IQOP+ OHL+ KTP`JL\N+ PV+ HM\WQ+ TWSL+
`LOOLT\LQO+XIOH+NKLSIWJ+TLVLTLQSL+OP+OHL+KLPKJL+PV+OHL+"QIOLU+#OWOLNR+
WQU+ VPT+ OHL+ WU]WQSL+ PV+ YQPXJLU[L+ WQU+ OHL+ UINNL\IQWOIPQ+ PV+
IQVPT\WOIPQ+XIOH+TLNKLSO+OP+WQ^+NOMUILN+NP+\WUL+PT+IQ+[LQLTWJ+XIOH+
TLNKLSO+OP+HLTLUIO^+WQU+LM[LQISN(+
%HL+ *PTKPTWOIPQ+ IN+ QPO+ PT[WQIeLU+ VPT+ KLSMQIWT^+ KTPVIO+ WQU+ NHWJJ+
QPO+ LQ[W[L+ IQ+ WQ^+ WSOI]IOILN+ VPT+ KLSMQIWT^+ KTPVIOR+ WQU+ QP+ PVVISLTR+
UITLSOPTR+\L\`LTR+PT+L\KJP^LL+PV+OHL+*PTKPTWOIPQ+NHWJJ+TLSLI]L+WQ^+
KLSMQIWT^+ KTPVIO+ VTP\+ OHL+ PKLTWOIPQN+ OHLTLPV+ LlSLKO+ TLWNPQW`JL+
SP\KLQNWOIPQ+VPT+NLT]ISLN+IQ+LVVLSOIQ[+PT+SWTT^IQ[+PMO+PQL+PT+\PTL+PV+
ION+ WSOI]IOILN+ PT+ WN+ W+ KTPKLT+ `LQLVISIWT^+ PV+ ION+ NOTISOJ^+ SHWTIOW`JL+
KMTKPNLN(+ + 9Q^+ WQU+ WJJ+ KTPKLTO^+ WSfMITLU+ `^+ OHL+ *PTKPTWOIPQ+ NHWJJ+
`L+HLJUR+MNLUR+WQU+UINKPNLU+PV+VPT+SHWTIOW`JL+KMTKPNLN+PQJ^+WQU+OHL+
W`P]L+ NOWOLU+ NKLSIVIS+ KMTKPNLN+ NHWJJ+ `L+ IQOLTKTLOLU+ IQ+ W+ \WQQLT+
SPQNINOLQO+XIOH+OHIN+IQOLQOIPQ(+
.(+ 7ON+ PKLTWOIPQN+ WTL+ OP+ `L+ SPQUMSOLU+ KTIQSIKWJJ^+ IQ+ OHL+ OLTTIOPT^+
SP\KTINIQ[+ OHL+ SPQOIQLQOWJ+ "QIOLU+ #OWOLNR+ IQSJMUIQ[+ OHL+ )INOTISO+ PV+
*PJM\`IW(+
2(+ 7ON+ PVVISL+ OP+ `L+ JPSWOLU+ IQ+ OHL+ *IO^R+ *PMQO^+ WQU+ #OWOL+ PV+ 'LX+
:PTY(+
E(+ %HL+ QM\`LT+ PV+ ION+ UITLSOPTN+ NHWJJ+ `L+ QPO+ JLNN+ OHWQ+ .+ QPT+ \PTL+
OHWQ+;(+
A(+%HL+QW\LN+WQU+TLNIULQSLN+PV+OHL+UITLSOPTN+MQOIJ+OHL+VITNO+WQQMWJ+
\LLOIQ[+WTL0+
'W\LN+!LNIULQSLN+
_ISYJIVVL+3TLNOPQ+)TWKLTR+.11+6WNO+E5OH+#O(R+'LX+:PTYR+'(:(+
$WTT^+$(+<WM[HJIQR+*PJU+#KTIQ[+$WT`PTR+<PQ[+7NJWQUR+'(:(+
4WJSPJ\+)PQWJUR+A.B+=JML+$IJJ+9]L(R+4IJOPQR+4WNN(+
8TLULTISY+$LQT^+&N`PTQR+?WTTINPQZPQZ$MUNPQR+':(+
5(+9JJ+PV+OHL+NM`NSTI`LTN+OP+OHIN+SLTOIVISWOL+WTL+PV+VMJJ+W[Lj+WO+JLWNO+
OXPZOHITUN+PV+OHL\+WTL+SIOIeLQN+PV+OHL+"QIOLU+#OWOLNj+WO+JLWNO+PQL+PV+
OHL\+IN+W+TLNIULQO+PV+OHL+#OWOL+PV+'LX+:PTY(++&V+OHL+KLTNPQN+QW\LU+
WN+ UITLSOPTNR+ WO+ JLWNO+ PQL+ IN+ W+ SIOIeLQ+ PV+ OHL+ "QIOLU+ #OWOLN+ WQU+ W+
TLNIULQO+PV+OHL+#OWOL+PV+'LX+:PTY(+
%HL+ #LSTLOWT^+ PV+ #OWOL+IN+ ULNI[QWOLU+ WN+ W[LQO+PV+ OHL+ *PTKPTWOIPQ+
MKPQ+ XHP\+ KTPSLNN+ W[WIQNO+ OHL+ *PTKPTWOIPQ+ \W^+ `L+ NLT]LU(+ + %HL+
KPNO+ PVVISL+ WUUTLNN+ XIOHIQ+ PT+ XIOHPMO+ OHL+ NOWOL+ OP+ XHISH+ OHL+
#LSTLOWT^+ NHWJJ+ \WIJ+ W+ SPK^+ PV+ WQ^+ KTPSLNN+ W[WIQNO+ OHL+ *PTKPTWOIPQ+
1A1+ 9J`WQ^+<WX+!L]ILX+ aCPJ(+AA+

NLT]LU+ MKPQ+ HI\+ IN+ 1;;+ 3WTY+ 9]LQMLR+ ,5OH+ 8JPPTR+ 'LX+ :PTYR+ 'LX+
:PTY+,/,5,(+
7'+ _7%'6##+ _$6!6&8R+ XL+ HW]L+ \WULR+ NM`NSTI`LUR+ WQU+
WSYQPXJLU[LU+OHIN+SLTOIVISWOL+WN+PV+OHIN+15OH+UW^+PV+8L`TMWT^R+,;.5(+
_ISYJIVVL+3TLNOPQ+)TWKLT++
$WTT^+$(+<WM[HJIQ+
4WJSPJ\+)PQWJU+
8TLULTISY+$LQT^+&N`PTQ+
CIQSLQO+!(+#\WJJL^+
+