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6F<6=6<:->KF27L  G-D8?A>?FF27  G-  F6C  2<F6C  S28C27  =BE
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flncx 6C??1 GF-H?F6?  A8?<C?1F2/16L  C2M?1 6C?1K />2=2E
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86>-I-1?>KF2? |gfdc C2M?1  6C?1K  I8-CC-16H?/D2?


GF-H?F6?C:M/D2I282<- W|gfdcX 6I8-CC-16H?/D2?GF-H?E
F6?M?F/D2I282<-W|gfdnXJ P56CI8-CC-16H?/D6C/=27/1E
=2C=<-FF2C/>:H-?4=>4?1/46GC?F4?C2/1K>?D/?CB|gfdc
A282<-CJ`122P5??/=27/1=2?/1KA824=>?F6?I8-CC-16E
H?/D27D-1?I286682<-LD2128272Q=-1B=-T1/4=/?P?G6/D>TE
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 -2/F2=-F66A86=?<?FFBQA86C?82=C2MF2/<?>-1K
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/D6QS28C W|gfdc ] |gfdnLflncx ] flncxnLofqvf ]
ofqvfXJ
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H12  I8-CC-16H?/D-4  D-1?I2864  =/?I<- 2 P Y ? < 6 F 4 ? 1
D-D2?Z12  D2>6H?/1=2  H-/1FBQ  I8-CC-16H?/D6Q  GF-H?F67
WP2>KN?  2<F2I2X  >6P2  =  A8?<?>-Q  2<F2I2  8-G84<-  />2=L
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D-1?I286T  F?  />?<:?1  /C?N6=-1K  /  I8-CC-16H?/D6C
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vf  xn  xfdmgn  flncxnL /2G<-FF-4 /A-F/D27 -D-<?C6?7


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WgndL  nqnL  lnnL  qndnvnXi 6C?F-  F-86O-1?>KFB?  =
/=2T 2H?8?<K 2P8-G:T1 F?/D2>KD2 A2<8-G84<2=h A8?<C?1E
FB?6>6D2FD8?1FB? WdnqndnLtflnLkdcXL 21=>?H?FFB?6>6
-P/18-D1FB? WwfqtclgqnL  lcxkvnqkvnvL  tcoktkfdecL  egqkltcXL
=?5?/1=?FFB? WnmgnL  ndL  dugfxL  tnvfqnL  nqfdnL  nnXJ
8?<C?1FB?  6C?F-  C2I:1  A8216=2A2/1-=>41K/4  6C?F-C
=?5?/1=?FFBCA2A86GF-D:/H61-?C2/16]F?/H61-?C2/16
W6>66/H6/>4?C2/16]F?6/H6/>4?C2/16XJ
-D2I2  82<-  <?>?F6?  A2  >?D/6H?/D2Z/?C-F16H?/D2C:
A86FO6A:  A82=2<61/4  A212C:L  H12  =  8-G>6HFBQ
8-G84<-Q 6  A2<8-G84<-Q  /:5?/1=61?>KFBQ  /=4GK  /  1?C6
6>66FBC6I8-CC-16H?/D6C6 D-1?I2864C6 A824=>4?1/4
F?2<6F-D2=2J
 "
FG
  HI

-1?I2864  82<-  6C?F  /:5?/1=61?>KFBQ  =?/KC-  /=2?2PE


8-GF-=12C21F2N?F66LH128-G<?>?F6?A282<-CLD-DA8-E
=6>2L  21/:1/1=:?1  =  A8?<?>-Q  2<F2I2  />2=-  W>?D/?CBXL  F2
F->6H?/1=:?1=/2/1-=?=/?Q6C?F/:5?/1=61?>KFBQJ`16CL
C?M<:A82H6CL6C4/:5?/1=61?>KF2?21>6H-?1/4216C?F6
CJh J  J  -  P  6  F  /  D  6  7J  P  2P5?4GBD2=BQ  A86GF-D-Q
H-/1?7  8?H6J  ]  "82P>?CB  4GBD2GF-F64$J  2D>-<B  6  /22P5?F64
/2=?1/D6Q :H?FBQ F-  %?M<:F-82<F2C D2FI8?//? >6FI=6/12=J%JL
'([)L/18JJ

A86>-I-1?>KF2I2JD>-//?A86>-I-1?>KFBQA8216=2A2/1-=E
>?F6?A2A86GF-D-C82<-8?->6G:?1/4=A8?<?>-Q21<?>KE
F2I2  />2=-h |gfdc  ]  |gfdnL  wfqtclc ] wfqtclnJ -D6C
2P8-G2CLD-1?I286482<-=8-G84<?/:5?/1=61?>KFBQF2/61
G-  F?D2128BC  6/D>TH?F6?C  H6/12  D>-//6S6D-O62FFB7  Q-E
8-D1?8i  I8-CC-16H?/D2?  GF-H?F6?  82<-  =?/KC-  :/>2=F2
WS28C->KF2XL  6P2  8?->KFB?  /=4G6  /  <?7/1=61?>KF2/1KT
WD82C?A-8->>?>6GC-A2>]82<X>6P2A2>F2/1KT21/:1/1E
=:T1L>6P2G-1?F?FBJ
21>6H6?21 8-CC-16D6/A-F/D27-D-<?C66LF-GB=-TE
5?7  N?/1K  I8-CC-16H?/D6Q  82<2= WtnlbgxkdcL  jftfdkdcL
dfgeqcLfkbfdcLbctdLnt|kmgcXL P2>KN6F/1=2I8-CC-16/E
12==B<?>4?1<=-82<-hC:M/D276M?F/D67J^2>??"I8-CE
C-16H?/D67  A2<Q2<$  D  8-/A8?<?>?F6T /:5?/1=61?>KFBQ  A2
82<-CA82=?> J ^?>K2'J 2/F2=: /=2?I2 <?>?F64 2F A2E
>2M6>A86FO6A/2I>-/2=-F64/:5?/1=61?>KFBQ 6A86>-I-E
1?>KFBQh  1?  /:5?/1=61?>KFB?L  D2128B?  /2H?1-T1/4  /  A86E
>-I-1?>KFBCL  2D-FH6=-T56C/4  F-  Z2  W=  />:H-?  A86>-I-E
1?>KF2I2<=:Q2D2FH-F67XL21F2/41/4DC:M/D2C:82<:L
-  /2H?1-T56?/4  /  A86>-I-1?>KFBC  F-  Z-  ]  D  M?F/D2C:
WfxxcL '\XJ2/:5?/1=:U127M?12HD6G8?F64A86<?8M6E
=-T1/4J>2F/26J`F86D?/8?FK4WqntJL L [XJ
  /8-=F?F66  /  A2AB1D27  J  ^?>K2  8?N61K  =2A82/  2
D-1?I2866  82<-  =  H6/12  I8-CC-16H?/D2C  A>-F?* D>-//6S6E
D-O64  -D-<?C6H?/D27  I8-CC-16D6  2PF-8:M6=-?1  /221=?1E
/1=6?C?M<:?/1?/1=?FFBC8-G<?>?F6?CA8?<C?12=A2A86E
GF-D:  A2>-L  2<:N?=>?FF2/16L  F?2<:N?=>?FF2/16  6  1J<J
TP2AB1F2  21C?161KL  H12  -=128  F-6P2>??  A82/18-FF27
C2F2I8-S66  2  D-1?I2866  82<-  =  6/A-F/D2C  W/=BN?  ''
/18-F6OX  `/1?P-F  2<86I?/  `88?8-\L  A86GF-=-4  "I8-CC-16E
H?/D6C6$<=-82<-L=C?/1?/1?C/H61-?1LH1282<F?=/?I<-
/=2<61/4  D  I8-CC-16H?/D2C:  A2F416T Wnbbkvfdef  mqntnekE
bnxXLF2218-M-?1?/1?/1=?FF2?8-G<?>?F6?>6OLM6=21FBQ
6  8-/1?F67  A2  A86GF-D-C  A2>-J  8?<6  /2=8?C?FFBQ  I8-CE
C-16/12=6C??1/4F?C->2/1282FF6D2=6C?FF2F-1:8->KF2I2
A86FO6A-D>-//6S6D-O66J84<?/>:H-?=/18?C>?F6?D
-A2CF6CLH12" 8-CC-16D-$J^?>K2=BN>-='})IJ
2<2PF2I282<-I8-CC-16H?/D67A86FO6AA82=2<61 J/A?8
/?FJ8J=/=4G6/U16C?I2G-C?H-F6?2/8?<F?C6F<2?=82A?7/D2C
82<?h"JJJ?I2I>-=F-42/2P?FF2/1K/2/1261=12CLH122FF?8-G>6H-?1
6C?F61?>KF2I26=6F61?>KF2I2A-<?M?7$JW6>2/2S64I8-CC-16D6J
?8?=2</-FI>67/D2I2J%JL'(L/18J*[XJ
\
l e f | n d  c v q m g f  f q q f q n J |lfqonbkcdflnbfqbn
vfxmrdfqcvfxcldct|qflJcxlJZJnn|ndnL'(})J
'



/182I27D>-//6S6D-O66=/221=?1/1=66/A2>2CL=A>21K
<2  :H?1-  "/:5?/1=  /  F?48D2  =B8-M?FFBC6  A86GF-D-C6
A2>-$LA2Q2M?F-A2AB1D:=2G82<61K1?286T82C-F16D2=
2/?D/:->6G-O66A8682<B=6F<2?=82A?7/D2C4GBD?LP:<12PB
A826G2N?<N?7  A2<  =>64F6?C  A2U16H?/D27  6F1:6O66  F2/6E
1?>?76F<2?=82A?7/D2I2A8-4GBD-J
-1K  6/H?8AB=-T56?  6  =/?2PY?C>T56?  A8-=6>-  2A8?E
<?>?F6482<-/:5?/1=61?>KFBQA2/?C-F16H?/D2C:6>6A2
S28C->KF2C:A86GF-D:F?A8?</1-=>4?1/4=2GC2MFBCJ^2E
>??6>6C?F??12HF:T286?F1-O6T=U12C=2A82/?A2S28E
C->KFBCA86GF-D-CW2D2FH-F64/:5?/1=61?>KFBQXA2>:H61K
=/?  M?  C2MF2J  <F-D2  /8-G:  />?<:?1  2I2=2861K/4L  H12
/Q?C-LA8?<>-I-?C-4F6M?LF2/61"6<?->KFB7$Q-8-D1?8L
F2 F?  =  /CB/>?  6<?->KF2  12HF2I2  8-/A8?<?>?F64  />2=  F-
8-G84<BC:M/D2I26M?F/D2I282<-L-=/CB/>?F?D21282I2
2I8:P>?F64  4GBD2=27  8?->KF2/16  6  21F2/61?>KF27  <2/12E
=?8F2/16  8-/A8?<?>?F64  A2  82<-CJ  6/1?CFB7  Q-8-D1?8
A8216=2A2/1-=>?F64/:5?/1=61?>KFBQC:M/D2I26M?F/D2E
I2 82<-  A2  6Q 2D2FH-F64C  C2M?1 PB1K  =B8-M?F  A8216=2E
A2/1-=>?F6?C  2D2FH-F64  Z-L  Q-8-D1?86G:T5?I2  M?F/D67
82<L2D2FH-F6TF?Z-LQ-8-D1?86G:T5?C:C:M/D2782<'J
-D6C2P8-G2CLM?F/D67 82< 6C??1/=27 2A8?<?>?FFB7
W21C?H?FFB7X  A86GF-DJ  F-H?  I2=284L  :  /:5?/1=61?>KFBQ
M?F/D67  82<  C-8D682=-FJ    F-6P2>KN?7  12HF2/1KT  U1-
/Q?C-C2M?1PB1KA86>2M?F-DA2<8-G84<:/:5?/1=61?>KE
FBQL2P2GF-H-T56Q>6O6M6=21FBQh wfqtndn]wfqtndcL
tgbwnbwn ] tgbwnbwcLfqqn ] fqqcLmnen ] mneciqcE
jflcqn ] qcjflcqLlfcqn ] lfcqLxfcdn ] xfdLqnecdn ]
qnedi  qflkvfden ] qflkvfdefL  lkqokfden ] lkqokfdefJ 2E
< 2 P F B ?  A 8 2 16 = 2 A 2 / 1- = > ? F 6 4  J   J 
- 1- I2 5 6 F -  6
~JJ2>KSF-GB=-T1">?D/6H?/D6CA8216=2A2/1-=>?F6?C
A2  82<:$*J  T<-  M?  />?<:?1L  2H?=6<F2L  A86H6/>61K  A-8B
/>2=L/18:D1:8-D2128BQLA86/2Q8-F?F662/F2=FBQA86GF-E
D2=  D288?>4O66L  2/>2MF?F-  8-G>6H6?C  =  /:SS6D/-Qh wfE
qcdn ] wrqcfLnxbnxvfln ] nxbnxvfLqfkdn ] qfLbcdvfln ]
bcdvfLmnxxkdn]mnxxcJ
?F<?FO64  D  :/1-F2=>?F6T  A2<2PF27  D288?>4O66  <>4
/:5?/1=61?>KFBQ/A8216=2A2/1-=>?FFBC6/>2=2S28C-Z
'
CJh  J  J % ? > K H : D J  1-16/16D-  6  G-=6/6C2/1K  82<-
S8-FO:G/D6Q  /:5?/1=61?>KFBQ  21  6Q  2D2FH-F64J  ]  "^T>>?1?FK
2PY?<6F?F64  A2  A82P>?C-C  C-N6FF2I2  A?8?=2<-$L  %JL  '(L   )L
/18J'(6/>?<J
*
 "8-=F61?>KF2Z/2A2/1-=61?>KF-4  I8-CC-16D-  82C-F/D6Q  4GBE
D2=$JP?82Z82C-F/D-4A2<I8:AA-J%JL'([L/18J[J

C6F-P>T<-?1/4=8-GI2=28F2C4GBD?/A-F6662/2P?FF2
/18-F -16F/D27 C?86D6h ekmqf] ekmqnL ekmqflni eflekmc ]
eflekmnLkndklen ] kndklecLbccef ] bccenLbn|qn ] bnE
|qcLcofn ]cofcLbwcjfq] bwcjfqflnWJgkxxfdXLekc ]
eknWxnleknlvfflenflbgfxn]Jfxk|flXJ
F?">?D/6H?/D27$D288?>4O66A8216=2A2/1-=>?F6?Z-
]F?Z-1-DM?4=>4?1/4I2/A2</1=:T56Ch/8JMJJh tflnL
kvfnL  bgfonL  tcdennL  kfqdnL  tnqbwni CJ8Jh qnvcL  bkfxcL
|ndbcLnfxLlcxLndvrdJ
8?<6  F?21C?H?FFBQ  A86GF-D2=  /:5?/1=61?>KFBQ  C:M
/D2I2  82<-  F-6P2>??  H-/121FBCZ  4=>4?1/4  2D2FH-F6?  Z2J
?/>:H-7F2  =  D-H?/1=?  =-86-F1-  "6<?->KF27$  /Q?CB  8-/
A8?<?>?F64=B<=6I-?1/4C2<?>KZ2'J/D>TH?F64C6
4=>4T1/4  W<>4  M?F/D2I2  82<-Xh  /:5?/1=61?>KFB?L  2D-FH6E
=-T56?/4F- K/LM.N>/L;L< WD82C? nqqcLnfvqfLxkL
tnXL K=0 WD82C? nokdL  bntkdXL  Zd WD82C? bcqndXi
/>2=-  ] tndcL  jcecL  qnvkci  nqefL  dcbwfL  bnxxfL  tgfqefL
mfdefL|nlf 6F?D2128B?<8:I6?F-Z?L-1-DM? xfL xn|cqL
bqbfxLlnxLjxcqLlfnxL />2=-I8?H?/D2I2A826/Q2M<?F64
F-  ZtnL  6C?T56?  P2>??  <=:Q  />2I2=L 6  />2=-Z2C2F6CBL  :
D2128BQ8-G>6H6?82<-/=4G-F2/8-G>6H6?C=GF-H?F66h
xnjqfdef >2P] fxjqfdef S82F1L xncqvfd A86D-G]
fxcqvfdA284<2D6F?D2128B?<8:I6?J

2>6H?/1=2  /:5?/1=61?>KFBQ  C:M/D2I2  82<-  F-  Z?


GF-H61?>KF2P2>KN?LH?C/>2=M?F/D2I282<-F-Z?J /F2E
=-F6?C<>412I2LH12PBA86A6/-1K/:5?/1=61?>KFBCF-Z?
/1-1:/C:M/D2I282<-LC2M?1/>:M61KL=?8241F2L6F->6E
H6?">?D/6H?/D6Q$A8216=2A2/1-=>?F6716A- tcdf]tcdE
n *Lfjf]fjnLflegvkndef]flegvkndenJ
?A?81:-82<F2D28?FFBQ/:5?/1=61?>KFBQC:M/D2I282<-
F-Z?6F-Z26M?F/D2I282<-F-Z-A2/124FF2:=?>6H6=-?1/4
G-/H?121I>-I2>KF2I22P8-G2=-F6416A- bclec ] bclef]
bclenLnxbndc]nxbndbf]nxbndnLbkfqdc]bkfqdf]bkfqE
dnJ -6P2>??H-/126/A2>KG:T1/4"C28S2>2I6H?/D6?2S28E
C61?>6$ \ Z2LZnhn|gdvcLnbgfqvcLnvcqdcLbnlekmcLnxkokcL
'
CJLF-A86C?8hJ c l f d | x n e J cqjcxcmnvfxmrdfqcfd
flncxJctcqentkfdecvfxnlefqtkdnbkcdflZcLZnLL'([*L
'*L/18J\'ZJ
*
JJ8:1TF2=-2A8?<?>4?1Z?D-DC28S?C:C:M/D2I282<-L
-=/>2=-QM?F/D2I282<-F?/H61-?1Z?C28S?C27JCJhJJ
-Z
1 - I 2 5 6 F - L ~J%J 2 > K S J 8-=F61?>KF2Z/2A2/1-=61?>KF-4
I8-CC-16D-82C-F/D6Q4GBD2=L/18J[LA86C?H-F6?\J
\
?8C6FJJ8:1TF2=27W/CJh H?8D6A2/>2=22P8-G2=-F6T
=/2=8?C?FF2C6/A-F/D2C4GBD?J%JL'(['L/18J'\'XJ

*(

bctndvciflektnLbctqnLxkmnLvgqnLectnLflfqnLflbnL
tfbxnJ
>?D16=FB?2S28C61?>6Z2LZ-=2<F2D28?FFBQ/:5?/1E
=61?>KFBQ8?I:>48F26/A2>KG:T1/4=6/A-F/D2C=O?>4Q
/?C-F16H?/D27<6SS?8?FO6-O66hqntcP:D?1]qntn=?1=KL
218-/>KL cc D2>2<?O] cn >:M-L ctc 4P>2F4]
ctn4P>2D2J
Q2<?8-G=61646/A-F/D2I24GBD-A2<2PFB?2AA2G6O66
6/A2>KG2=->6/K66/A2>KG:T1/4<>4<6SS?8?FO6-O662P2GE
F-H?F67A8?<C?12=A28-GC?8:hbflenP2>KN-4D28G6F-]
bflecD28G6FD-Lbnxvfqn]P2>KN27D21?>]bnxvfqcD2E
1?>F?P2>KN2I28-GC?8-J
/A-F/D67  I8-CC-16H?/D67  82<  =  O?>2C  F?  /=4G-F  /
P62>2I6H?/D6CA2>2CJ <F-D2LD-DCB=6<?>66GA8?<B<:E
56Q  A86C?82=L  1-D-4  /=4GK  =  84<?  A2<D>-//2=  /:5?/1=6E
1?>KFBQ  6C??1/4h  F-G=-F6?  >6O  C:M/D2I2  A2>-  =/?I<-
2P2GF-H-?1/4  6C?F-C6  C:M/D2I2  82<-L  -  F-G=-F6?  >6O
M?F/D2I2A2>-]6C?F-C6M?F/D2I282<-J F->6H661-E
D27/=4G6/=6<?1?>K/1=:T1S-D1B/C?FBD-1?I286682<-
=A2>KG:/221F?/?FF2/16/A2>2CJ-DLO?>-4I8:AA-/>2=
/2D2FH-F6?C ZnhxnbfdekdfxnLxnbntnqnvn 12=-865L/2M6E
1?>KWA2D2CF-1?XL xnmgnqvnLxnfln =  =JA?8?Q2Z
<61=D-1?I286TC:M/D2I282<-hfxbfdekdfxnLfxbntnqnvn
61J<J
86C?8F21:M?D-816F:CB=6<6C6=A2<D>-//?/:5?/1E
=61?>KFBQL  2P2GF-H-T56Q  M6=21FBQL  Q214  G<?/K  F?8?<D6
/>:H-6LD2I<-6C4/:5?/1=61?>KF2?S6I:868:?112>KD2=
2<F2C6G82<2=BQ8-G84<2=h fxtkxndc D28N:FW/-C?O6
/-CD-XLxnxkf|qf G-4O6G-7H6Q-J
82C?12I2L/A?O6S6HE
FBC<>4<-FF2I2A2<D>-//-4=>4?1/4F->6H6?2/2PBQ/>2=L
2P2GF-H-T56QA8?</1-=61?>?7C:M/D2I2A2>-W8-G84<C:ME
/D2I282<-X6M?F/D2I2A2>-W8-G84<M?F/D2I282<-Xh|gf
PBD]onbnD282=-Lbn|nxxc]fmgn61J<J
/1286H?/D6?D2>?P-F64=82<?F?D2128BQ6C?F/:5?/1E
=61?>KFBQL  2P2GF-H-T56Q  A8?<C?1BL  /=6<?1?>K/1=:T1  2
F?/=4G-FF2/16I8-CC-16H?/D2I282<-/A2>2C/2<F27/12E
82FBL  -  /  <8:I27L  A2C2I-T1  4/F??  A2F41K  82>K
C28S?CB =  8-/A8?<?>?F66  />2=  A2  82<-CJ  -8-D1?8F2L
H12  D2>?P-F64  F-P>T<-T1/4  =  8?A?81:-8?  C28S?C  /
F?21C?H?FFBC A86GF-D2CJ1-1:/C28S?CC:M/D2I282<-L
D-D  CB  =6<?>6L A86A6/B=-?1/4  C28S?C-C  Z2L  Z?L
F?D2128BC  /:SS6D/-C WZnfL ZcqL ZnxXJ -6C?FKN:T
A2<-1>6=2/1K  D  G-D8?A>?FF2/16  G-  1?C  6>6  6FBC
8-G84<2CA824=>4>6W6A824=>4T1=F?D2128BQ/>:H-4Q
<2/6QA28X2<F2/>2MFB?/:5?/1=6Z


1?>KFB? qcLdgfLbqkdLjkdLlnxLbnxLnqLwkrxLtkfxLqfvL
jxcqLbcxLbcL|cLeqcLqflLonxlLjkxtLnLtnq'J `12/=4E
G-F2L  2H?=6<F2L  /  1?C  2P/1241?>K/1=2CL  H12  2D2FH-F64
U16Q/:5?/1=61?>KFBQF?A862P8?1-T1=/2GF-F66I2=284E
56Q/1-1:/-S>?D/66J?CF?C?F??F28C-16=FB?I8-CC-E
16D6  6  2PBH-7  G-D8?A6>6  G-  84<2C  2<F2/>2MFBQ  />2=
I8-CC-16H?/D2?  GF-H?F6?  C:M/D2I2  82<-h lcxL ndL nlL
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16D>KDH-/14C8?H6W=2=/?Q6G<-F64QLF-H6F-4/6G<-F64
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-816D>KC2M?1A?8?=2<61K=D>-///:5?/1=61?>KFBQ/>2=-
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/>6-816D>KC:M/D2I282<- fx6C??1/=26CD288?>412C
J  -816D>K  M?F/D2I2  82<-  '-L  H12  4=>4?1/4  218-M?F6?C
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]  /:5?/1=61?>KF2?  M?F/D2I2  82<- Wxn  ntkmnXL 12  "-8E
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/'-LA2/D2>KD:2FF?/221F2/61/4//:5?/1=61?>KFBC6/8?<E
F?I282<-L6P21-D2=BQ=6/A-F/D2C4GBD?F?1J-8:N?F6?
'
 J  J  6F<?8  6  J  J  182?=-  A6N:1  A2  A2=2<:  F?C?OD2I2
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'
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*
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6>6F?1J=27/1=22A8?<C?H6=-F64A824=>4?1/4=-816D>?
WF-84<:/<8:I6C6/A2/2P-C6X=1?Q/>:H-4QLD2I<-2FW-
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'
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/>:H-4Qofkdekbkdbc=21>6H6?21ofkdefbkdbcJ
*
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F4164=12C6>66F2C2PY?C?J:5?/1=61?>KFB?C2I:1?E
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F-84<:/2P5?A2F4167F27A8?<C?1F2/1KTC2I:1A?8?<-=-1K
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'

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H?/D2I282<-J
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''*

A2  82<-CL  12I<-  D-D  A2<D>TH6=N-4/4  S28C-  2P8-5?F64


glefvF?6C??1S28C82<-6/Q2<F-=U12C21F2N?F66/cLeJ
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FBQA-<?M?7 dcl F-C]<-1JA-<?MLF-/]=6F61LA-E
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<8:I6C6  I8-CC-16H?/D6C6  "G-<-F64C6$h  8-G>6H?F6?  82<-L
8-G>6H?F6?>6O-]A8?<C?1-J
-A2CF6CLH12?5?=/1-826/A-F/D2C4GBD?/>2M6>-/K
/>?<:T5-4A-8-<6IC-F?:<-8?FFBQS28C >6O-h
-1?>KFB7A-<?M
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/>?<:T567=6<h
''

-1?>KFB7A-<?M
%:MJ  8J  ?<J  HJ
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86H6F-  P2>??  GF-H61?>KF27  =-86-16=F2/16L  H?C


1-L D2128-4  <2A:/D-?1/4  D-<?C6?7L  D82?1/4  =
A8216=28?H64QL =BG=-FFBQ  :A8-G<F?F6?C  A-<?M?7  =
D-1?I2866  6C?F6  /:5?/1=61?>KF2I2J 
-D  CB  :M?
GF-?CL  F?:<-8?FFB?  S28CB t?L efL  lfL  dclL  cl F?
8-G>6H-T1/4  A2  A-<?M-CJ    D-1?I2866  >6O-
C:M/D2I2  82<-  A-<?MF-4  2AA2G6O64  W<-1?>KFB7
A-<?M  ]  =6F61?>KFB7  A-<?MX  6C?>-  =6< xf ] xc
Wxfl]xclX6<>4M?F/D2I282<-xf]xnWxfl]xnlXWpk
v-'JndgnxL*'[XJ<-1?>KF2CA-<?M?2AA2G6O64A2
A86GF-D:  82<-  21/:1/1=:?1h  C:M/D27  82< xf  WxflX ]
M?F/D6782<xfWxflXLH12/221=?1/1=:?184<:tfLefLlfL
dclL  clJ 28CB  <-1?>KF2I2  A-<?M-  6  =6F61?>KF2I2
A-<?M-  /C?N6=->6/K  :M?  =  8-FFTT  A28:J  `12
/C?N?F6?8-G=6=->2/K=/>?<:T56QF-A8-=>?F64Qh
'J28CB=6F61?>KF2I2A-<?M-C:M/D2I282<- xc
WxclX C2I>6=B1?/F41K/4W6=B1?/F4T1/4XH-/16HF26>6
A2>F2/1KTS28C-C6xfWxflXJ+-/16HF-4G-C?F-S28Cxc
WxclX F- xf  WxflXL 6>6  1-D  F-GB=-?C2?  "H-/16HF2?
xfltc$L
Q-8-D1?86G:?1/4

2A8?<?>?FFBC
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/>:H-?L?/>6C?/126C?F6421F2/41/4D>6O:L ?/>6M?
8?HK6<?12A8?<C?1?L12S28CBxcWxclXF?G-C?F4T1/4J
F6O6-16=-  1-D2I2  82<-  G-C?F  A86A6/B=-?1/4
D-/16>K/D6C  A6/-1?>4C W  k   k   nnJ  {kdenzklL
*\\XJ2<-FFBCJJ
:U8=2/221F2N?F6?S28Cxf
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82<-  6 xc /8?<F?I2  82<-J  2/>?<2=-1?>KF2?
8-G>6H?F6?  A2  A86GF-D:  82<- A86=2<6>2  =
=6F61?>KF2C  A-<?M?  D  186-<?h  C:M/D27  82< xf ]
M?F/D6782<'-]/8?<F6782< xc W/8J=/6/1?C?:D-E
G-1?>KFBQ  C?/126C?F67  :/127H6=2?  8-G>6H?F6?  A2
82<-Ch
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12>KD2<>42P2GF-H?F64>6O-LF26A8?<C?1-J2<-FFBC

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6FD8?16HF2/1K xf W/2=C?5?F6?  GF-H?F67  <-1?>KF2I2  6
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lgcL  WfxX  dgfleqcL  WfxX  ogfleqcL  WfxX  lgc W/221=?1/1=:T56?
S28CB  M?F/D2I2 82<- tnL  egn 6  1J<JXi WxclX  tclL  WxclX
egclL  WxclX  lgclL  WxclX  dgfleqclL  WxclX  ogfleqclL  WxclX  lgcl
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A8216=2A2/1-=>?F67  A2  82<-C  =?8Q  2<?8M->6  U16C2>2I6E
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2P26Q82<2=WtktnvqfLtknvqfXJ
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Q-8-D1?86/16D27  />2MF2I2  A82N?<N?I2J  %B  I2=286C wn
fdoffbkvc =  12C  />:H-?L  D2I<-  /:5?/1=:?1  6F1?8?/  D  A2E
/>?</1=64CL  D  8?G:>K1-1:  /2=?8N?FF2I2  <?7/1=64J  2D-
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N?<N?I2  =8?C?F6h  6CA?8S?D16=FB7 WktfqjfbekocX F?/2=?8E
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I>-N-?1/4/1?CLH12A82/1B?S28CBWD82C?A82/12I2A82E
N?<N?I2X  F6D2I<-  F?  PB=-T1  A?8S?D16=FBC6  6L  F-2P2821L
/>2MFB?]6CA?8S?D16=FBC6L68-//C-186=-?16Q=6<2E
=:T2D8-N?FF2/1K/U12712HD6G8?F64W/18J[][[XJ?
=F2/4  F6H?I2  /:5?/1=?FF2  F2=2I2  =  18-<6O62FF:T  12HD:
G8?F64F-=B8-M?F6?=6<-=21F2N?F666/A-F/D6Q=8?C?FE
FBQI>-I2>KFBQS28CL2D-2F/L2<F-D2LA82<=6I-?1/4


A2  A:16  8?N?F64  =2A82/-  2  F->6H66  D-1?I2866  =6<-  =


6/A-F/D2C4GBD?L=H-/1F2/16LP>-I2<-8412C:LH12A8?<A2E
>-I-?1  2/F2=F2?  =F6C-F6?  =  U12C  =2A82/?  F-A8-=61K  F-
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128B?H8?G=BH-7F2=-MFB/12HD6G8?F64=B8-M?F64=6<-J
2=?8F22A8?<?>6=2/F2=F2?F-A8-=>?F6?=8?N?F66A82E
P>?CBD-1?I2866=6<-=6/A-F/D2CL/-C2D-2F/2I8-F6E
H6=-?1/4  Q214  6  A8-=6>KFBCL  F2  <?D>-8-16=FBC  :1=?8ME
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16=F2I2X=6<-LA8216=2A2/1-=>?FF2I2D2F/18:DO64C/A86E
H-/16?CLD2128B?A8?6C:5?/1=?FF2A?8S?D16=FBLA2/D2>KE
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xxfmgflL  ef  flenqr  flfqndvc WF2  F? ef  flfqnqrXL 1-D  D-D
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n d l  n q b w n d  vJ d n  gflekcd cj  lfbeh n  ctnqklcd
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