8IGLRMGEP (IXEMPW *'' 6* )\TSWYVI -RJSVQEXMSR ;%62-2+ 6IEH XLMW MRJSVQEXMSR FIJSVI STIVEXMRK XLI TLSRI -R %YKYWX XLI *IHIVEP 'SQQYRMGEXMSRW 'SQQMWWMSR *'' SJ XLI 9RMXIH 7XEXIW [MXL MXW EGXMSR MR 6ITSVX ERH 3VHIV *'' EHSTXIH ER YTHEXIH WEJIX] WXERHEVH JSV LYQER I\TSWYVI XS 6EHMS *VIUYIRG] 6* IPIGXVSQEKRIXMG IRIVK] IQMXXIH F] *'' VIKYPEXIH XVERWQMXXIVW 8LSWI KYMHIPMRIW EVI GSRWMWXIRX [MXL XLI WEJIX] WXERHEVH TVIZMSYWP] WIX F] FSXL 9 7 ERH MRXIVREXMSREP WXERHEVHW FSHMIW 8LI HIWM
8IGLRMGEP (IXEMPW *'' 2SXMGI ERH 'EYXMSRW 8LMW HIZMGI ERH MXW EGGIWWSVMIW GSQTP] [MXL TEVX SJ *'' VYPIW 3TIVEXMSR MW WYFNIGX XS XLI JSPPS[MRK X[S GSRHMXMSRW 8LMW HIZMGI ERH MXW EGGIWWSVMIW QE] RSX GEYWI LEVQJYP MRXIVJIVIRGI ERH XLMW HIZMGI ERH MXW EGGIWWSVMIW QYWX EGGITX ER] MRXIVJIVIRGI VIGIMZIH MRGPYHMRK MRXIVJIVIRGI XLEX GEYWIW YRHIWMVIH STIVEXMSR %R] GLERKIW SV QSHMwGEXMSRW RSX I\TVIWWP] ETTVSZIH MR XLMW YWIV KYMHI GSYPH ZSMH ]SYV [EVVERX] JSV XLMW IUYMTQIRX 9WI SRP] XLI WYTTPMIH
8IGLRMGEP (IXEMPW 4EVX WXEXIQIRX 8LMW IUYMTQIRX LEW FIIR XIWXIH ERH JSYRH XS GSQTP] [MXL XLI PMQMXW JSV E GPEWW & HMKMXEP HIZMGI TYVWYERX XS 4EVX SJ XLI *'' VYPIW 8LIWI PMQMXW EVI HIWMKRIH XS TVSZMHI VIEWSREFPI TVSXIGXMSR EKEMRWX LEVQJYP MRXIVJIVIRGI MR E VIWMHIRXMEP MRWXEPPEXMSR 8LMW IUYMTQIRX KIRIVEXIW YWIW ERH GER VEHMEXI VEHMS JVIUYIRG] IRIVK] ERH MJ RSX MRWXEPPIH ERH YWIH MR EGGSVHERGI [MXL XLI MRWXVYGXMSRW QE] GEYWI LEVQJYP MRXIVJIVIRGI XS VEHMS GSQQYRMGEXMSRW ,S[IZIV XLIVI MW
8LI &EWMGW 4LSRI 3ZIVZMI[ *VSRX :MI[ )EVTMIGI 4S[IV 0SGO /I] 4VS\MQMX] 7IRWSVW *VSRX 'EQIVE 0IRW 8SYGLWGVIIR 5YMGO /I]W 4LSRI /I] 'SRXEGXW /I] 1IWWEKMRK /I] %TTW /I] 1IRY /I] ,SQI /I] &EGO /I] 1MGVSTLSRI 238)7 %PP WGVIIR WLSXW MR XLMW KYMHI EVI WMQYPEXIH %GXYEP HMWTPE]W QE] ZEV] -RWXVYGXMSRW XS TIVJSVQ XEWOW MR XLMW KYMHI EVI FEWIH SR XLI HIJEYPX TLSRI WIXXMRKW ERH QE] GLERKI HITIRHMRK SR XLI WSJX[EVI ZIVWMSR SR ]SYV TLSRI )EVTMIGI 0IXW ]SY LIEV GEPPIVW ERH EYXSQEXIH
8LI &EWMGW 1MGVSTLSRI 8VERWQMXW ]SYV ZSMGI XS XLI SXLIV GEPPIV ERH JSV :SMGI EGXMZEXIH JYRGXMSRW &EGO /I] 6IXYVRW XS XLI TVIZMSYW WGVIIR %PWS GPSWIW TST YT HMWTPE] MXIQW WYGL EW QIRYW ERH HMEPSK FS\IW 8SYGLWGVIIR (MWTPE]W EPP XLI MRJSVQEXMSR RIIHIH XS STIVEXI ]SYV TLSRI WYGL EW ETTPMGEXMSRW GEPP WXEXYW HEXI XMQI WMKREP WXEXYW ERH FEXXIV] WXVIRKXL *VSRX 'EQIVE 0IRW 9WI XS XEOI TMGXYVIW ERH ZMHIS /IIT GPIER JSV STXMQEP TIVJSVQERGI 4VS\MQMX] 7IRWSVW 7IRWIW TVS\MQMX] XS[EVHW SX
8LI &EWMGW 'EQIVE 0IRW 9WI JSV XEOMRK TMGXYVIW ERH VIGSVHMRK ZMHISW /IIT GPIER JSV STXMQEP TIVJSVQERGI &EGO 'SZIV )RGPSWIW XLI FEXXIV] GSQTEVXQIRX 7MHI :MI[ %GGIWWSV] 'LEVKIV 4SVX QQ ,IEHWIX .EGO :SPYQI /I]W %GGIWWSV] 'LEVKIV 4SVX %PPS[W ]SY XS GSRRIGX XLI TLSRI GLEVKIV 97& GEFPI SV SXLIV GSQTEXMFPI EGGIWWSVMIW QQ ,IEHWIX .
8LI &EWMGW -RWXEPPMRK XLI &EXXIV] ERH QMGVS7( 'EVH 238) -X MW MQTSVXERX XS JYPP] GLEVKI XLI FEXXIV] FIJSVI MRMXMEP YWI SJ XLI TLSRI -RWXEPPMRK XLI FEXXIV] 8LI TLSRI GSQIW [MXL E VIGLEVKIEFPI FEXXIV] /IIT XLI FEXXIV] GLEVKIH [LMPI RSX MR YWI MR SVHIV XS QE\MQM^I XEPO YWI ERH WXERHF] XMQI 8LI FEXXIV] GLEVKI PIZIP MW WLS[R EX XLI XST VMKLX GSVRIV SJ XLI WGVIIR ,SPH XLI TLSRI [MXL FSXL LERHW [MXL XLI QMGVSTLSRI JEGMRK YT[EVH 8LIR YWI XLI wRKIVXMT GYXSYX XS TYPP STIR XLI FEGO GSZIV EW
LI &EWMGW 238) 8LI QMGVS7( GEVH GER FI IEWMP] HEQEKIH F] MQTVSTIV STIVEXMSR 4PIEWI FI GEVIJYP [LIR MRWIVXMRK VIQSZMRK SV LERHPMRK MX 8S VIQSZI XLI QMGVS7( GEVH 8YVR XLI TS[IV SJJ 6IQSZI XLI FEXXIV] GSZIV ERH XEOI XLI FEXXIV] SYX 0SGEXI XLI QMGVS7( GEVH WPSX +IRXP] TYWL XLI I\TSWIH IHKI SJ XLI QMGVS7( GEVH XS VIPIEWI MX 8LIR KIRXP] TYPP MX SYX XS VIQSZI MX 8S YRQSYRX XLI QMGVS7( GEVH -X MW MQTSVXERX XS YRQSYRX XLI GEVH XS EZSMH HEQEKI XS XLI GEVH SV HEXE WEZIH SR XLI GEVH 8SYGL XLI
8LI &EWMGW 'LEVKMRK XLI 4LSRI =SYV :7 GSQIW [MXL E [EPP 97& GLEVKIV ERH E 97& GEFPI [LMGL GSRRIGX XSKIXLIV XS GLEVKI ]SYV TLSRI 8S GLEVKI ]SYV TLSRI 238-') 4PIEWI YWI SRP] ER ETTVSZIH GLEVKMRK EGGIWWSV] XS GLEVKI ]SYV 0+ TLSRI -QTVSTIV LERHPMRK SJ XLI EGGIWWSV] GLEVKIV TSVX EW [IPP EW XLI YWI SJ ER MRGSQTEXMFPI GLEVKIV QE] GEYWI HEQEKI XS ]SYV TLSRI ERH ZSMH XLI [EVVERX] 'SRRIGX XLI 97& GEFPI MRXS XLI [EPP 97& GLEVKIV ;LIR GSRRIGXMRK EW WLS[R FIPS[ XLI 0+ PSKS SR XLI 97& GEFPI W
8LI &EWMGW 3TXMQM^MRK &EXXIV] 0MJI =SY GER I\XIRH ]SYV FEXXIV]tW PMJI FIX[IIR GLEVKIW F] XYVRMRK SJJ JIEXYVIW XLEX VYR MR XLI FEGOKVSYRH =SY GER EPWS QSRMXSV LS[ ETTPMGEXMSRW ERH W]WXIQ VIWSYVGIW GSRWYQI FEXXIV] TS[IV 8MTW XS I\XIRH XLI PMJI SJ ]SYV FEXXIV] # 8YVR SJJ VEHMS GSQQYRMGEXMSRW XLEX ]SY EVIRtX YWMRK -J ]SY EVIRtX YWMRK ;M *M &PYIXSSXL SV +47 YWI XLI 7IXXMRKW QIRY XS XYVR XLIQ SJJ 2SXI XLEX XLI +47 VIGIMZIV MW SRP] XYVRIH SR [LIR ]SYtVI YWMRK ER ETTPMGEXMSR XLEX QEOIW YWI SJ MX # 8
8LI &EWMGW # 8SYGL ER ETTPMGEXMSR MR XLI &EXXIV] YWI WGVIIR XS WII XLI HIXEMPW EFSYX MXW TS[IV GSRWYQTXMSR (MJJIVIRX ETTPMGEXMSRW SJJIV HMJJIVIRX OMRHW SJ MRJSVQEXMSR ERH XLI] QE] IZIR MRGPYHI STXMSRW XS QSHMJ] XLI WIXXMRKW WS ]SY GER VIHYGI TS[IV GSRWYQTXMSR F] XLEX ETTPMGEXMSR 7IXYT ;M^EVH 8LI wVWX XMQI ]SY XYVR SR ]SYV TLSRI XLI 7IXYT ;M^EVH KYMHIW ]SY XLVSYKL WMKRMRK MR XS ]SYV +SSKPI %GGSYRX -J ]SY HSRtX LEZI SRI HSRtX [SVV] XLI 7IXYT ;M^EVH [MPP LIPT ]SY GVIEXI SRI =SY GER EPWS WIX YT
8LI &EWMGW 8YVRMRK XLI 4LSRI 3R ERH 3JJ 8YVRMRK XLI TLSRI SR # 4VIWW ERH LSPH XLI 4S[IV 0SGO /I] XLI WGVIIR XYVRW SR JSV E GSYTPI SJ WIGSRHW YRXMP 8YVRMRK XLI TLSRI SJJ 4VIWW ERH LSPH XLI 4S[IV 0SGO /I] YRXMP XLI TST YT QIRY ETTIEVW 8SYGL 4S[IV SJJ MR XLI TST YT QIRY 8SYGL 3/ XS GSRwVQ XLEX ]SY [ERX XS XYVR SJJ XLI TLSRI 8S YRPSGO XLI TLSRI -J ]SY HSRtX YWI XLI TLSRI JSV E [LMPI XLI WGVIIR ERH FEGOPMKLX [MPP WLYX SJJ XS GSRWIVZI FEXXIV] TS[IV 8S YRPSGO XLI TLSRI 4VIWW XLI 4S[I
8LI &EWMGW 7IXXMRK 9T =SYV (IZMGI ;LIR ]SY XYVR SR ]SYV [MVIPIWW HIZMGI JSV XLI wVWX XMQI ]SY LEZI XLI STXMSR XS UYMGOP] WIX YT ZEVMSYW EGGSYRXW 7MQTP] JSPPS[ XLI SR WGVIIR MRWXVYGXMSRW XS GSQTPIXI XLI MRMXMEP WIXYT SJ ]SYV [MVIPIWW HIZMGI 8S WIX YT ]SYV HIZMGI JSPPS[ XLI WXITW FIPS[ 7IPIGX ]SYV PERKYEKI ERH XSYGL 2I\X 7IPIGX [LIXLIV XS 7OMT SV 7XEVX XLI &EGOYT %WWMWXERX ETTPMGEXMSR 7IPIGX [LIXLIV XS 7OMT SV 7XEVX XLI +SSKPI %GGSYRX WIXYT ;MXL E +SSKPI %GGSYRX +SSKPI ETTPMGEXMSRW EVI
8LI &EWMGW 7IXXMRK YT ]SYV +SSKPI %GGSYRX %X XLI WIXYT WGVIIR XSYGL 'VIEXI SV 7MKR MR )RXIV ]SYV YWIVREQI ERH TEWW[SVH 238) 8SYGL XLI &EGO /I] XS GPSWI XLI OI]FSEVH 8SYGL 7MKR MR 2S[ ]SYV +QEMP +SSKPI 'SRXEGXW ERH +SSKPI 'EPIRHEV IZIRXW [MPP EPP FI PSEHIH XS ]SYV TLSRI EYXSQEXMGEPP] =SY GER YWI XLI EVIE FIPS[ XS VIGSVH ]SYV +SSKPI %GGSYRX MRJSVQEXMSR JSV JYXYVI VIJIVIRGI 9WIVREQI CCCCCCCCCCCCCCCCCCCCCCCCCCC$KQEMP GSQ 4EWW[SVH CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC =S
8LI &EWMGW 4LSRItW 7XEXYW -GSRW 8LI 7XEXYW &EV ETTIEVW EX XLI XST SJ IZIV] WGVIIR -X HMWTPE]W MGSRW MRHMGEXMRK XLEX ]SYtZI VIGIMZIH RSXMwGEXMSRW SR XLI PIJX ERH MGSRW MRHMGEXMRK XLI TLSRItW WXEXYW SR XLI VMKLX EPSRK [MXL XLI GYVVIRX XMQI 2SXMwGEXMSR MGSRW 7XEXYW MGSRW -J ]SY LEZI QSVI RSXMwGEXMSRW XLER GER wX MR XLI 7XEXYW &EV E TPYW MGSR TVSQTXW ]SY XS STIR XLI 2SXMwGEXMSRW TERIP XS ZMI[ XLIQ EPP 8LI JSPPS[MRK MGSRW MRHMGEXI XLI WXEXYW SJ ]SYV TLSRI 'EPP MGSRW 1MGVSTLSRI QYXIH HYVMRK E G
8LI &EWMGW )QEMP ERH 1IWWEKMRK MGSRW :IVM^SR IQEMP VIGIMZIH :IVM^SR IQEMP WIRHMRK JEMPIH 2I[ QIWWEKI VIGIMZIH 7IRHMRK QIWWEKI JEMPIH ,MKL TVMSVMX] QIWWEKI VIGIMZIH 2I[ +QEMP QIWWEKI VIGIMZIH +SSKPI 8EPO QIWWEKI VIGIMZIH 2I[ ZSMGI QEMP VIGIMZIH 7SYRH MGSRW 1YWMG GYVVIRXP] TPE]MRK 7MPIRX QSHI :MFVEXI QSHI ;MVIH LIEHWIX GSRRIGXIH 2IX[SVO MGSRW + RIX[SVO GSRRIGXIH (S[RPSEH XLVSYKL + RIX[SVO 9WMRK + RIX[SVO 9TPSEH XLVSYKL + RIX[SVO 'SRRIGXIH XS E + RIX[SVO + RIX[SVO MW MR YWI (S[RPSEHM
8LI &EWMGW 'SRRIGXMZMX] MGSRW 8LI JSPPS[MRK MGSRW MRHMGEXI XLI WXEXYW SJ ]SYV TLSRI ;M *M GSRRIGXMSR HIXIGXIH %RHVSMH HIFYKKIV GSRRIGXIH &PYIXSSXL SR &PYIXSSXL HIZMGI GSRRIGXIH 97& GSRRIGXIH 97& XIXLIVMRK SR 2S ;M *M WMKREP 7XVSRK ;M *M WMKREP ,(1- GEFPI GSRRIGXIH ,(1- GEFPI HMWGSRRIGXIH 7QEVX7LEVI SR 7QEVX7LEVI WLEVMRK VIUYIWX 7]WXIQ MGSRW 8LI JSPPS[MRK MGSRW MRHMGEXI XLI WXEXYW SJ ]SYV TLSRI 1SVI RSXMwGEXMSRW 7]WXIQ WIGYVI -RXIVREP QIQSV] JYPP 7]WXIQ EPIVX 7( GEVH MRWIVXIH 2S 7( GEVH
8LI &EWMGW +IXXMRK XS /RS[ XLI ,SQI 7GVIIR 8LI ,SQI WGVIIR MW ]SYV WXEVXMRK TSMRX XS EGGIWW EPP XLI JIEXYVIW SR ]SYV TLSRI -X HMWTPE]W ETTPMGEXMSR WLSVXGYXW MGSRW [MHKIXW ERH SXLIV JIEXYVIW 7XEXYW &EV 7LS[W HIZMGI WXEXYW MRJSVQEXMSR MRGPYHMRK XLI XMQI WMKREP WXVIRKXL FEXXIV] WXEXYW ERH RSXMwGEXMSR MGSRW %TTPMGEXMSR -GSR 8SYGL ER MGSR ETTPMGEXMSR JSPHIV IXG XS STIR XLI ETTPMGEXMSR ERH YWI MX 5YMGO /I]W 4VSZMHI IEW] SRI XSYGL EGGIWW XS XLI JYRGXMSRW ]SY YWI XLI QSWX %TTW /I] 8SYGL
8LI &EWMGW ,SQI 7GVIIR 4ERI -RHMGEXSV 8LI HSXW MRHMGEXI [LMGL ,SQI WGVIIR TERI ]SY EVI ZMI[MRK 8SYGLWGVIIR =SYV XSYGLWGVIIR TVSZMHIW ER I\GIPPIRX [E] XS MRXIVEGX [MXL ERH YWI ]SYV %RHVSMH TLSRI ;MXL XLI XSYGL SJ ]SYV wRKIV ]SY GER HS[RPSEH ERH YWI EZEMPEFPI ETTPMGEXMSRW QEOI QIRY WIPIGXMSRW ERH EGGIWW HEXE WEZIH XS ]SYV TLSRI 8LI JSPPS[MRK XIVQW EVI YWIH JSV HIWGVMFMRK XLI HMJJIVIRX EZEMPEFPI EGXMSRW YWMRK XLI XSYGLWGVIIR 8SYGL % WMRKPI wRKIV XSYGL WIPIGXW MXIQW *SV I\EQTPI XSYGL ER MGSR
8LI &EWMGW (SYFPI XET (SYFPI XET XS ^SSQ E [IF TEKI SV E QET *SV I\EQTPI UYMGOP] HSYFPI XET E WIGXMSR SJ E [IF TEKI XS ^SSQ XLEX WIGXMSR XS wX XLI [MHXL SJ XLI WGVIIR =SY GER EPWS HSYFPI XET XS GSRXVSP XLI ^SSQ MR &MRK 1ETW ERH MR SXLIV ETTPMGEXMSRW 4MRGL XS >SSQ 9WI ]SYV MRHI\ wRKIV ERH XLYQF MR E TMRGL SV WTVIEH QSXMSR XS ^SSQ MR SV SYX [LIR YWMRK XLI FVS[WIV E QET SV TMGXYVIW 6SXEXI XLI WGVIIR *VSQ QER] ETTPMGEXMSRW XLI SVMIRXEXMSR SJ XLI WGVIIR VSXEXIW [MXL XLI TLSRI EW ]SY XYVR MX JVSQ
8LI &EWMGW 8I\X -RTYX 1IXLSHW 3R WGVIIR /I]FSEVH =SY GER IEWMP] IRXIV XI\X YWMRK XLI SR WGVIIR OI]FSEVH 8LI SR WGVIIR OI]FSEVH HMWTPE]W EYXSQEXMGEPP] SR XLI WGVIIR [LIR ]SY RIIH XS IRXIV XI\X 8S QERYEPP] HMWTPE] XLI OI]FSEVH WMQTP] XSYGL E XI\X wIPH [LIVI ]SY [ERX XS IRXIV XI\X 8SKKPIW FIX[IIR HMJJIVIRX PERKYEKIW 8SKKPIW JVSQ 7=1 QSHI XS %&' QSHI 8]TMRK XMTW )RXIV SXLIV GLEVEGXIVW *VSQ XLI RYQFIVW OI]FSEVH XSYGL 8SYGL XS VIXYVR XS XLI RYQFIVW OI]FSEVH )RXIV SRI GETMXEP PIXXIV
8LI &EWMGW %TTPMGEXMSRW ,S[ XS :MI[ 3TIR ERH 7[MXGL %PP SJ XLI ETTPMGEXMSRW SR ]SYV TLSRI MRGPYHMRK ER] ETTPMGEXMSRW XLEX ]SY HS[RPSEHIH ERH MRWXEPPIH JVSQ %RHVSMH 1EVOIX81 SV SXLIV WSYVGIW EVI KVSYTIH XSKIXLIV SR XLI %TTW WGVIIR [LMGL ]SY EGGIWW JVSQ ]SYV ,SQI WGVIIR -J ]SY LEZI QSVI ETTPMGEXMSRW XLER GER wX SR XLI %TTW WGVIIR ]SY GER WPMHI XLI WGVIIR YT SV HS[R XS ZMI[ QSVI ,SQI WGVIIR 8SYGL XS STIR XLI %TTW WGVIIR %TTW WGVIIR 7PMHI XLI WGVIIR YT SV HS[R XS FVMRK QSVI MGSRW MRXS ZMI[
8LI &EWMGW 3TIRMRK ERH 'PSWMRK XLI %TTW WGVIIR 3TIRMRK XLI %TTW WGVIIR ;MXL ]SYV :7 MXtW IEW] XS EGGIWW XLI %TTW WGVIIR RS QEXXIV [LEX JIEXYVI ]SYtVI GYVVIRXP] YWMRK 7MQTP] XSYGL XLI %TTW /I] 'PSWMRK XLI %TTW WGVIIR 8S QERYEPP] GPSWI XLI %TTW WGVIIR XSYGL XLI ,SQI /I] ,SQI SV XSYGL 238) 8LI %TTW WGVIIR GPSWIW EYXSQEXMGEPP] [LIR ]SY XSYGL ER MGSR XS STIR MXW ETTPMGEXMSR (VEKKMRK ER MGSR SRXS ]SYV ,SQI WGVIIR EPWS GPSWIW XLI %TTW WGVIIR EYXSQEXMGEPP] 'YWXSQM^MRK XLI %TTW WGVIIR
8LI &EWMGW 3TIRMRK ERH 7[MXGLMRK %TTPMGEXMSRW 1YPXM XEWOMRK MW IEW] [MXL %RHVSMH81 FIGEYWI STIR ETTPMGEXMSRW OIIT VYRRMRK IZIR [LIR ]SY STIR ERSXLIV ETTPMGEXMSR 8LIVItW RS RIIH XS UYMX ER ETTPMGEXMSR FIJSVI STIRMRK ERSXLIV =SY GER YWI ERH W[MXGL EQSRK WIZIVEP STIR ETTPMGEXMSRW %RHVSMH QEREKIW IEGL ETTPMGEXMSR WXSTTMRK ERH WXEVXMRK XLIQ EW RIIHIH XS IRWYVI XLEX MHPI ETTPMGEXMSRW HSRtX GSRWYQI VIWSYVGIW YRRIGIWWEVMP] 3TIRMRK ER ETTPMGEXMSR # 3TIR ER ETTPMGEXMSR WMQTP] F] XSYGLMRK MXW MGSR SR X
8LI &EWMGW 8SYGL ER MGSR XS STIR ER ETTPMGEXMSR ]SYtZI YWIH VIGIRXP] %HHMRK ETTPMGEXMSR MGSRW XS XLI ,SQI WGVIIR 'YWXSQM^I ]SYV ,SQI WGVIIR [MXL XLI ETTPMGEXMSRW ]SY YWI QSWX SJXIR 3TIR XLI %TTW WGVIIR 8SYGL ERH LSPH XLI ETTPMGEXMSR MGSR ]SY [ERX XS EHH XS ]SYV ,SQI WGVIIR =SYV %TTW WGVIIR [MPP GPSWI WS XLEX ]SY GER TPEGI XLI MGSR SR XLI ,SQI WGVIIR 0MJX ]SYV wRKIV XS TPEGI MX SV HVEK XLI MGSR XS [LIVI ]SY [ERX MX SR XLI WGVIIR XLIR PMJX ]SYV wRKIV
8LI &EWMGW ;SVOMRK [MXL 1IRYW 8LIVI EVI X[S OMRHW SJ %RHVSMH QIRYW 3TXMSRW QIRYW ERH 'SRXI\X QIRYW 3TXMSRW QIRYW 3TXMSRW QIRYW GSRXEMR XSSPW XLEX ETTP] XS XLI EGXMZMXMIW SJ XLI GYVVIRX WGVIIR SV ETTPMGEXMSR RSX XS ER] WTIGMwG MXIQ SR XLI WGVIIR 8S STIR XLI EZEMPEFPI STXMSRW QIRY XSYGL XLI 1IRY /I] 2SX EPP ETTPMGEXMSRW LEZI 3TXMSRW QIRYW MJ ]SY XSYGL XLI 1IRY /I] SR E WGVIIR XLEX LEW RS 3TXMSRW QIRY RSXLMRK [MPP LETTIR 7SQI ETTPMGEXMSRW LEZI QSVI 3TXMSRW QIRY MXIQW XLER GER wX MR XLI STXM
8LI &EWMGW ;LIR ]SY XSYGL ERH LSPH GIVXEMR MXIQW SR E WGVIIR E 'SRXI\X QIRY STIRW 1EREKMRK 2SXMwGEXMSRW 2SXMwGEXMSR MGSRW VITSVX XLI EVVMZEP SJ RI[ QIWWEKIW GEPIRHEV IZIRXW EPEVQW EW [IPP EW SRKSMRK IZIRXW WYGL EW [LIR ]SY EVI MR E GEPP ;LIR ]SY VIGIMZI E RSXMwGEXMSR XLI RSXMwGEXMSR MGSR [MPP FI HMWTPE]IH MR XLI 7XEXYW &EV =SY GER STIR XLI 2SXMwGEXMSRW TERIP XS ZMI[ E PMWX SJ EPP VIGIRX RSXMwGEXMSRW (ITIRHMRK SR ]SYV WIXXMRKW ]SY QE] LIEV E RSXMwGEXMSR WSYRH ERH SV X
8LI &EWMGW 8SYGL E RSXMwGEXMSR XS STIR MX 8S VIWTSRH XS E RSXMwGEXMSR 3TIR XLI 2SXMwGEXMSRW TERIP =SYV GYVVIRX RSXMwGEXMSRW EVI PMWXIH MR XLI TERIP IEGL [MXL E FVMIJ HIWGVMTXMSR 8SYGL E RSXMwGEXMSR XS ZMI[ MX 8LI 2SXMwGEXMSRW TERIP [MPP GPSWI ERH XLI ETTPMGEXMSR XLEX GSVVIWTSRHW XS ]SYV VIWTSRWI [MPP STIR *SV I\EQTPI RI[ ZSMGIQEMP RSXMwGEXMSRW HMEP ]SYV ZSMGIQEMP FS\ ERH +QEMP RSXMwGEXMSRW STIR XLI +QEMP ETTPMGEXMSR WS ]SY GER VIEH ]SYV RI[ QIWWEKIW 8S GPIEV EPP RSXMwGEXMSR
8LI &EWMGW 7IEVGLMRK =SYV 4LSRI ERH XLI ;IF =SY GER WIEVGL JSV MRJSVQEXMSR SR ]SYV TLSRI ERH SR XLI [IF F] YWMRK XLI &MRK WIEVGL ETTPMGEXMSR 7SQI ETTPMGEXMSRW WYGL EW +QEMP 'SRXEGXW ERH &VS[WIV LEZI XLI EFMPMX] XS WIEVGL GSRXIRXW [MXLMR XLSWI WTIGMwG ETTPMGEXMSRW =SY GER GSRHYGX XLI WIEVGL F] X]TMRK MR XLI WIEVGL XIVQW SV WE]MRK [LEX ]SYtVI PSSOMRK JSV 8]TMRK GER FI YWIJYP FIGEYWI XLI WIEVGL ETTPMGEXMSR GER TVSZMHI WYKKIWXMSRW WS ]SY HSRtX RIGIWWEVMP] LEZI XS X]TI SYX ]SYV JYPP VIUYIWX 4LSRI
8LI &EWMGW )RXIV XLI XI\X ]SYtVI WIEVGLMRK JSV MR XLI 5YMGO 7IEVGL &S\ %W ]SY X]TI WIEVGL VIWYPXW JVSQ ]SYV TLSRI TVIZMSYW WIEVGL XIVQW ERH [IF WIEVGL WYKKIWXMSRW ETTIEV 8SYGL ER MXIQ XS EGXMZEXI XLEX WIEVGL VIWYPX =SY GER YWI XLI 7IEVGL TVIJIVIRGIW XS GSRwKYVI WSQI EWTIGXW SJ &MRK [IF WIEVGL JSV I\EQTPI [LIXLIV MX QEOIW WYKKIWXMSRW FIPS[ XLI 5YMGO 7IEVGL &S\ EW ]SY X]TI ERH [LEX TLSRI JIEXYVIW ]SY [ERX XS MRGPYHI MR WIEVGLIW 8S EGGIWW &MRK WIXXMRKW STIR XLI &MRK ETTPMGEXMSR ERH
8LI &EWMGW 0SGOMRK XLI 7GVIIR =SY GER PSGO ]SYV WGVIIR WS XLEX SRP] ]SY GER YRPSGO MX XS QEOI GEPPW EGGIWW ]SYV HEXE FY] ETTPMGEXMSRW ERH WS SR 7IXXMRK ER 9RPSGO 4EXXIVR 4-2 SV 4EWW[SVH JSV XLI *MVWX 8MQI 8SYGL XLI %TTW /I] " 7IXXMRKW " 0SGEXMSR WIGYVMX] 8SYGL 7IX YT WGVIIR PSGO YRHIV XLI 7GVIIR YRPSGO WIGXMSR SJ XLI WIXXMRKW 8SYGL 4EXXIVR 4-2 SV 4EWW[SVH 4EXXIVR 8LI wVWX XMQI ]SY WIX ER YRPSGO TEXXIVR ]SY [MPP WII E XYXSVMEP [MXL MRWXVYGXMSRW SR LS[ XS GVIEXI MX 6IEH
8LI &EWMGW 9WMRK E 4-2 SV 4EWW[SVH XS 0SGO XLI 7GVIIR 8SYGL XLI %TTW /I] " 7IXXMRKW " 0SGEXMSR WIGYVMX] 8SYGL 7IX YT WGVIIR PSGO YRHIV XLI 7GVIIR YRPSGO WIGXMSR 8SYGL 4-2 XS PSGO XLI WGVIIR [MXL E RYQFIV WIUYIRGI SV XSYGL 4EWW[SVH JSV ER EPTLERYQIVMG PSGO WIUYIRGI =SYtVI TVSQTXIH XS IRXIV ERH VIIRXIV XLI PSGO WIUYIRGI *VSQ XLIR SR ]SY [MPP RIIH XS IRXIV XLI WIUYIRGI ERH XSYGL 3/ XS YRPSGO XLI WGVIIR 238)7
8LI &EWMGW 'YWXSQM^MRK XLI ,SQI 7GVIIR =SY GER TIVWSREPM^I ]SYV ,SQI WGVIIR F] EHHMRK ETTPMGEXMSR MGSRW WLSVXGYXW [MHKIXW ERH SXLIV MXIQW XS ER] ,SQI WGVIIR TERI =SY GER EPWS GLERKI XLI [EPPTETIV 8S EHH ER MXIQ XS XLI ,SQI WGVIIR +S XS XLI ,SQI WGVIIR TERI [LIVI ]SY [ERX XS EHH XLI MXIQ 8SYGL XLI 1IRY /I] ERH XSYGL %HH 3V NYWX XSYGL ERH LSPH ER IQTX] WTSX SR XLI ,SQI WGVIIR TERI 238) -J XLIVI MW RS EZEMPEFPI WTEGI SR E TEVXMGYPEV ,SQI WGVIIR TERI %HH [MPP RSX FI EZEMPEFPI ]SY Q
8LI &EWMGW 8S QSZI ER MXIQ SR XLI ,SQI WGVIIR 8SYGL ERH LSPH XLI MXIQ (VEK XLI MXIQ XS E RI[ PSGEXMSR SR XLI WGVIIR 4EYWI EX XLI PIJX SV VMKLX IHKI SJ XLI WGVIIR XS HVEK XLI MXIQ SRXS XLI RI\X EZEMPEFPI ,SQI WGVIIR TERI ;LIR XLI MXIQ MW [LIVI ]SY [ERX MX PMJX ]SYV wRKIV 8S VIQSZI ER MXIQ JVSQ XLI ,SQI WGVIIR 8SYGL ERH LSPH XLI MXIQ RSXI XLEX XLI 5YMGO /I]W GLERKI XS ER MGSR SJ E XVEWL GER (VEK XLI MXIQ XS XLI XVEWL GER MGSR ;LIR XLI MGSR XYVRW VIH PMJX ]SYV wRKIV 8S GLER
8LI &EWMGW 'SRRIGXMRK 5YMGOP] ;MXL =SYV 'SRXEGXW %W ]SY FYMPH YT ]SYV PMWX SJ GSRXEGXW SR ]SYV TLSRI ]SY GER YWI 5YMGO 'SRXEGX JSV %RHVSMH XS UYMGOP] GLEX IQEMP XI\X QIWWEKI TPEGI E GEPP SV XS PSGEXI ]SYV GSRXEGXW 5YMGO 'SRXEGX JSV %RHVSMH MW E WTIGMEP WIX SJ MGSRW XLEX ]SY GER YWI XS UYMGOP] ERH IEWMP] GSRRIGX XS E GSRXEGX # 3TIR ]SYV 'SRXEGXW PMWX ERH XSYGL XLI GSRXEGXtW TMGXYVI % FYFFPI [MPP STIR [MXL XLI EZEMPEFPI STXMSRW HMWTPE]IH EW MGSRW 8LMW MW XLI 5YMGO 'SRXEGX FYFFPI (ITIRHMRK S
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW 'SRRIGXMRK XS 1SFMPI 2IX[SVOW ;LIR ]SY FY] ]SYV TLSRI ERH WMKR YT JSV WIVZMGI ]SYV TLSRI MW GSRwKYVIH XS YWI ]SYV TVSZMHIVtW QSFMPI RIX[SVOW JSV ZSMGI GEPPW ERH JSV XVERWQMXXMRK HEXE (MJJIVIRX PSGEXMSRW QE] LEZI HMJJIVIRX QSFMPI RIX[SVOW EZEMPEFPI -RMXMEPP] ]SYV TLSRI MW GSRwKYVIH XS YWI XLI JEWXIWX QSFMPI RIX[SVO EZEMPEFPI JSV HEXE =SY GER EPWS GSRwKYVI ]SYV TLSRI XS EGGIWW E HMJJIVIRX WIX SJ RIX[SVOW IRXMVIP] SV XS FILEZI MR WTIGMwG [E]W [LIR VSEQMRK 'SRRI
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW 'SRRIGXMRK XS ;M *M 2IX[SVOW ;M *M MW E [MVIPIWW RIX[SVOMRK XIGLRSPSK] XLEX GER TVSZMHI -RXIVRIX EGGIWW EX HMWXERGIW SJ YT XS QIXIVW HITIRHMRK SR XLI ;M *M VSYXIV ERH ]SYV WYVVSYRHMRKW 8S YWI ;M *M SR ]SYV TLSRI ]SY QYWX GSRRIGX XS E [MVIPIWW EGGIWW TSMRX SV qLSXWTSX r 7SQI EGGIWW TSMRXW EVI STIR ERH ]SY GER WMQTP] GSRRIGX XS XLIQ 3XLIVW EVI LMHHIR SV MQTPIQIRX SXLIV WIGYVMX] JIEXYVIW WS ]SY QYWX GSRwKYVI ]SYV TLSRI WS MX GER GSRRIGX XS XLIQ 8YVR SJJ ;M *M
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW ;LIR ]SYtVI GSRRIGXIH XS E RIX[SVO ]SY GER XSYGL XLI RIX[SVO REQI MR XLI ;M *M WIXXMRKW WGVIIR JSV HIXEMPW EFSYX XLI WTIIH WIGYVMX] EHHVIWW ERH VIPEXIH WIXXMRKW 8S VIGIMZI RSXMwGEXMSRW [LIR STIR RIX[SVOW EVI MR VERKI &] HIJEYPX [LIR ;M *M MW SR ]SY VIGIMZI RSXMwGEXMSRW MR XLI 7XEXYW &EV [LIR ]SYV TLSRI HIXIGXW ER STIR ;M *M RIX[SVO 8YVR SR ;M *M MJ MXtW RSX EPVIEH] SR *VSQ XLI ;M *M WIXXMRKW WGVIIR XSYGL 2IX[SVO RSXMwGEXMSR XS GLIGOQEVO XLI FS\
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW 8S JSVKIX E ;M *M RIX[SVO =SY GER QEOI XLI TLSRI JSVKIX EFSYX XLI HIXEMPW SJ E ;M *M RIX[SVO XLEX ]SY EHHIH *SV I\EQTPI MJ ]SY HSRtX [ERX XLI TLSRI XS GSRRIGX XS MX EYXSQEXMGEPP] SV MJ MXtW E RIX[SVO XLEX ]SY RS PSRKIV YWI 8YVR SR ;M *M MJ MXtW RSX EPVIEH] SR -R XLI ;M *M WIXXMRKW WGVIIR XSYGL ERH LSPH XLI REQI SJ XLI RIX[SVO XLEX ]SY [ERX XS JSVKIX 8SYGL *SVKIX RIX[SVO 1IHME 7]RG &] YWMRK TVSKVEQW PMOI ;MRHS[W 1IHME 4PE]IV ]SY GER IEWMP] W]RG QYPXM
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW (MWGSRRIGX XLI 97& GEFPI JVSQ XLI TLSRI 238) 8LI QMGVS7( GEVH QYWX FI MRWIVXIH MR XLI TLSRI ERH MX W VIGSQQIRHIH XS YWI XLI 97& GEFPI XLEX MW WYTTPMIH F] 0+ -J XLI QMGVS7( GEVH MW JVSQ ERSXLIV HIZMGI MX W VIGSQQIRHIH XS JSVQEX MX FIJSVI YWMRK MX FYX MX W RSX RIGIWWEV] 97& %YXSVYR 97& %YXSVYR MW E JIEXYVI XLEX EPPS[W ]SYV :7 XS GSRRIGX XS E 4' YWMRK E 97& GEFPI ERH WIX MX YT SR E 4' [MXLSYX E TL]WMGEP '( 631 # %YXSQEXMGEPP] MRWXEPPW XLI 0+ 97& 1SHIQ
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW -RXIVRIX 'SRRIGXMSR 1SHI %YXSVYR QE] EYXSQEXMGEPP] YWI -RXIVRIX 'SRRIGXMSR QSHI MR GIVXEMR GMVGYQWXERGIW # %YXSVYR EYXSQEXMGEPP] W[MXGLIW XS -RXIVRIX 'SRRIGXMSR QSHI MJ XLI GSRRIGXMSR JEMPW [LMPI W]RGMRK SV GSRRIGXMRK %P[E]W EWO =SY GER GLSSWI XS FI EWOIH XS GSRwVQ XLI 97& GSRRIGXMSR [LIR GSRRIGXMRK XS E GSQTYXIV ;LIR %P[E]W EWO MW GLIGOQEVOIH XLI 97& WIPIGXMSR [MRHS[ MW HMWTPE]IH %YXSVYR MW RSX EZEMPEFPI [LIR # 4LSRI MW FSSXMRK TS[IVMRK YT # 4' STIVEXMRK
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW 7XIT 'SRRIGXMRK XLI TLSRI XS 4' # 'SRRIGX ]SYV TLSRI XS ]SYV 4' [MXL E GSQTEXMFPI 97& GEFPI WYTTPMIH 0+ %YXSVYR WXEVXW EYXSQEXMGEPP] # 'PMGO s- EGGITX XLI XIVQW MR XLI EKVIIQIRXt ERH s=IWt 238)7 %YXSVYR MW SRP] WYTTSVXIH JSV ;MRHS[W <4 ;MRHS[W :MWXE ;MRHS[W 1EG 37 < EFSZI Z 8LI 97& %YXSVYR JIEXYVI [SVOW SRP] YRHIV ER %HQMRMWXVEXSV EGGSYRX 8LI MRWXEPPIV LEW MRWYJwGMIRX TVMZMPIKIW YRHIV E 2SR %HQMRMWXVEXSV EGGSYRX 0S
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW 7XIT -RWXEPPMRK XLI 0+ 97& 1SHIQ (VMZIV 7XIT -RWXEPPMRK XLI 9XMPMX] %TTPMGEXMSR 0EYRGLMRK : 'EWX 1IHME 1EREKIV %JXIV MRWXEPPMRK XLI YXMPMX] ETTPMGEXMSR ]SY [MPP WII XLI XVE] MGSR q:>; 9XMPMX] %TTPMGEXMSR 0+r SR ]SYV 4' -J ]SY VMKLX GPMGO SR XLI XVE] MGSR [MXL XLI QSYWI ]SY [MPP WII XLI JSPPS[MRK # (S[RPSEHMRK SV VYRRMRK : 'EWX 1IHME 1EREKIV [SVOW MR ER] SJ XLI GSRRIGXMSR QSHIW MJ ;LIR Q] TLSRI MW MR ER] QSHI MW WIPIGXIH # (S[RPSEHMRK
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW 1EOI =SYV (IZMGI E + 1SFMPI ,SXWTSX + 1SFMPI ,SXWTSX GER WLEVI XLI TLSRItW + HEXE GSRRIGXMSR [MXL ER] ;M *M GETEFPI HIZMGIW ;%62-2+ 8LIVI EVI WIGYVMX] VMWOW EWWSGMEXIH [MXL GVIEXMRK E ;M *M RIX[SVO STIR XS XLI TYFPMG -X MW LMKLP] VIGSQQIRHIH XLEX ] SY XEOI WXITW XS TVSXIGX ]SYV ;M *M RIX[SVO JVSQ YREYXLSVM^IH EGGIWW 8S EHH IRGV]TXMSR XS ]SYV ;M *M LSXWTSX 8SYGL XLI %TTW /I] " + 1SFMPI ,SXWTSX
'SRRIGXMRK XS 2IX[SVOW ERH (IZMGIW 8SYGL XLI + 1SFMPI ,SXWTSX GLIGOFS\ XS IREFPI XLMW JIEXYVI 6IEH XLI HMWGPEMQIVW ERH ,IPT MRJSVQEXMSR XLIR XSYGL 3/ 4SVXEFPI ;M *M LSXWTSX MW EGXMZI =SYV TSVXEFPI LSXWTSX MW RS[ GVIEXIH =SY GER YWI XLMW QIRY XS IREFPI ERH HMWEFPI XLI GSRRIGXMSR 3RGI XLI GSRRIGXMSR MW EGXMZI KS XS XLI HIZMGI ]SY [MWL XS GSRRIGX ERH GSRwKYVI MXW [MVIPIWW GSRRIGXMSR XS XLI 2IX[SVO 77-( JSV ]SYV %RHVSMH HIZMGI ERH MRTYX XLI TEWW[SVH MJ ]SY EVI YWMRK ;4% 47/ =SY [MPP
QMGVS7( 'EVH QMGVS7( 'EVH 9RQSYRXMRK ERH VIQSZMRK XLI QMGVS7( 'EVH 8S WEJIP] VIQSZI XLI QMGVS7( GEVH JVSQ ]SYV HIZMGI wVWX ]SY RIIH XS YRQSYRX XLI QMGVS7( GEVH FIJSVI VIQSZMRK MX JVSQ XLI TLSRI ;%62-2+ 3R XLI %RHVSMH 37 ]SY GER HS[RPSEH ETTPMGEXMSRW JVSQ %RHVSMH 1EVOIX ERH GER WXSVI XLIQ SR XLI QMGVS7( GEVH EW [IPP EW SR XLI HIZMGI 8LIVIJSVI WOMTTMRK XLI YRQSYRX TVSGIHYVI GER GEYWI E WIVMSYW IVVSV FIX[IIR XLI QMGVS7( GEVH ERH XLI HIZMGI -R XLI [SVWX GEWI XLI QMGVS7( GEVH GER FIGSQI G
QMGVS7( 'EVH 3RGI GSQTPIXIP] JSVQEXXIH XLI GEVH MW EYXSQEXMGEPP] VI QSYRXIH VIGSRRIGXIH JSV YWI F] XLI HIZMGI 238) 8LI JSVQEXXMRK TVSGIHYVI IVEWIW EPP XLI HEXE SR XLI QMGVS7( GEVH EJXIV [LMGL XLI wPIW '%2238 FI VIXVMIZIH 8S TVIZIRX XLI PSWW SJ MQTSVXERX HEXE TPIEWI GLIGO XLI GSRXIRXW FIJSVI ]SY JSVQEX XLI GEVH 'SRRIGXMRK =SYV (IZMGI XS =SYV 'SQTYXIV &IJSVI YWMRK ]SYV HIZMGItW QEWW WXSVEKI GETEFMPMXMIW ]SY RIIH XS TVITEVI ]SYV HIZMGItW HEXE WIVZMGIW XS W]RGLVSRM^I [MXL ]SYV HIWOXST S
'EPPW 4PEGMRK ERH )RHMRK 'EPPW =SY GER TPEGI GEPPW YWMRK XLI 4LSRI ETTPMGEXMSR 'EPPW GER FI QERYEPP] HMEPIH YWMRK XLI 4LSRI XEF =SY GER EPWS HMEP JVSQ ]SYV TLSRItW QIQSV] YWMRK XLI 'EPP PSK XEF XLI 'SRXEGXW XEF SV XLI +VSYTW XEF 8S STIR XLI 4LSRI ETTPMGEXMSR # *VSQ XLI ,SQI WGVIIR XSYGL XLI 4LSRI /I] MR XLI 5YMGO /I]W FEV 8S TPEGI E GEPP F] HMEPMRK 3TIR XLI 4LSRI ETTPMGEXMSR 8S HMEP ER MRXIVREXMSREP RYQFIV XSYGL ERH LSPH XLI OI] XS IRXIV XLI TPYW W]QFSP 8LIR IRXIV XLI MRXI
'EPPW =SY GER YWI SXLIV TLSRI JIEXYVIW [LMPI XLI GEPP MW YRHIV[E] -J ]SY STIR ERSXLIV ETTPMGEXMSR XLI 'EPP MGSR ETTIEVW MR XLI 7XEXYW &EV JSV XLI HYVEXMSR SJ XLI GEPP 4VIWW XLI :SPYQI /I]W XS EHNYWX XLI GEPP ZSPYQI 9WI XLI SR WGVIIR FYXXSRW XS IRXIV EHHMXMSREP RYQFIVW TPEGI XLI GEPP SR LSPH ERH XEOI ER MRGSQMRK GEPP EHH ERSXLIV GEPP YWI XLI WTIEOIVTLSRI IRH XLI GEPP ERH SXLIV STXMSRW 238) -J ]SY STIRIH SXLIV ETTPMGEXMSRW [LMPI SR E GEPP ]SY PP RIIH XS VIXYVR XS XLI 'E
'EPPW %RW[IVMRK SV 6INIGXMRK 'EPPW ;LIR ]SY VIGIMZI E TLSRI GEPP XLI -RGSQMRK GEPP WGVIIR STIRW [MXL XLI GEPPIV -( ERH ER] EHHMXMSREP MRJSVQEXMSR EFSYX XLI GEPPIV XLEX ]SY LEZI WEZIH MR XLI 'SRXEGXW PMWX %PP MRGSQMRK GEPPW EVI VIGSVHIH MR XLI 'EPP PSK 8S ERW[IV E GEPP # -J XLI WGVIIR MW YRPSGOIH WMQTP] XSYGL XLI %RW[IV /I] # -J XLI WGVIIR MW PSGOIH WPMHI XLI WGVIIR YT XS ERW[IV # -J ]SY [IVI EPVIEH] SR E GEPP XLI wVWX GEPP MW TPEGIH SR LSPH [LMPI ]SY ERW[IV XLI RI[ GEPP # 8S WMPIRGI
'EPPW 8S HIGPMRI E GEPP ERH HMZIVX MX XS ZSMGIQEMP # -J XLI WGVIIR MW YRPSGOIH WMQTP] XSYGL XLI -KRSVI /I] # -J XLI WGVIIR MW PSGOIH WPMHI XLI -KRSVI /I] XS XLI PIJX # 8LI GEPPIV MW WIRX HMVIGXP] XS ]SYV ZSMGIQEMP FS\ XS PIEZI E QIWWEKI 9RPSGOIH 7GVIIR 0SGOIH 7GVIIR 8SYGL XLI -KRSVI /I] XS HIGPMRI XLI GEPP ERH WIRH XLI GEPPIV HMVIGXP] XS ]SYV ZSMGIQEMP FS\ XS PIEZI E QIWWEKI # 8S WMPIRGI XLI VMRKIV TVIWW XLI :SPYQI /I]W ;SVOMRK [MXL XLI 'EPP 0SK 8L
'EPPW 8S HMEP E RYQFIV MR XLI 'EPP PSK # *VSQ XLI 'EPP PSK XSYGL XLI 'EPP /I] EX XLI VMKLX SJ XLI GEPP IRXV] =SY GER EPWS XSYGL ERH LSPH XLI IRXV] XS STIR E QIRY [MXL QSVI STXMSRW XS GSQQYRMGEXI [MXL XLEX GSRXEGX MR SXLIV [E]W 8S EHH ER IRXV]tW RYQFIV XS ]SYV 'SRXEGXW 8SYGL ERH LSPH XLI GEPP IRXV] 8SYGL %HH XS GSRXEGXW 8SYGL 'VIEXI RI[ GSRXEGX SV XSYGL %HH XS XLI I\MWXMRK ERH GLSSWI ER I\MWXMRK GSRXEGX XS EHH XLI RI[ RYQFIV XS 8S XEOI SXLIV EGXMSRW SR E 'EPP PSK IRXV] # 8SYGL E 'E
'EPPW 8S GPIEV XLI 'EPP PSK # 8SYGL XLI 4LSRI /I] JVSQ XLI 5YMGO /I]W FEV " XLI 'EPP PSK XEF EX XLI XST SJ XLI WGVIIR 8SYGL XLI 1IRY /I] " (IPIXI EPP 3V XSYGL 1YPXMWIPIGX GLSSWI XLI GEPP IRXVMIW ]SY [MWL XS HIPIXI XLIR XSYGL (IPIXI " 3/ =SY GER EPWS XSYGL ERH LSPH ER IRXV] MR XLI PSK -R XLI QIRY XLEX STIRW XSYGL 6IQSZI JVSQ GEPP PSK " 3/ 'EPPMRK =SYV 'SRXEGXW -RWXIEH SJ QERYEPP] HMEPMRK TLSRI RYQFIVW YWMRK XLI HMEPTEH ]SY GER YWI ]SYV 'SRXEGXW PMWX XS HMEP UYMGOP] ERH IEWMP] =S
'EPPW :SMGI (MEPIV =SY GER YWI XLI :SMGI (MEPIV ETTPMGEXMSR XS TPEGI E TLSRI GEPP F] WTIEOMRK XLI REQI SJ E GSRXEGX SV E TLSRI RYQFIV 8S TPEGI E GEPP F] WTIEOMRK 8SYGL :SMGI (MEPIV MR XLI %TTW WGVIIR SV SR XLI ,SQI WGVIIR -J ]SY LEZI E &PYIXSSXL LIEHWIX XLEX WYTTSVXW qZSMGI VIGSKRMXMSRr SV qZSMGI HMEPMRK r ]SY QE] FI EFPI XS STIR :SMGI (MEPIV F] TVIWWMRK ]SYV LIEHWIXtW QEMR FYXXSR SV MR WSQI SXLIV [E] ERH HMEP F] ZSMGI YWMRK ]SYV LIEHWIX *SV HIXEMPW WII XLI HSGYQIRXEXMSR XLEX GEQI [MXL ]
'EPPW 3TXMSRW (YVMRK E 'EPP 8SYGL XS XYVR XLI WTIEOIVTLSRI SR SV SJJ 8LI 7TIEOIV /I] PMKLXW YT XS MRHMGEXI XLEX XLI WTIEOIVTLSRI MW SR ;%62-2+ 8S EZSMH HEQEKI XS ]SYV LIEVMRK HS RSX LSPH XLI TLSRI EKEMRWX ]SYV IEV [LIR XLI WTIEOIVTLSRI MW XYVRIH SR 8SYGL XS QYXI XLI QMGVSTLSRI HYVMRK E GEPP 8LI 1YXI /I] PMKLXW YT XS MRHMGEXI XLEX XLI QMGVSTLSRI MW QYXIH 8SYGL XS W[MXGL FIX[IIR E &PYIXSSXL LIEHWIX ERH XLI TLSRI 8S QYXI XLI QMGVSTLSRI HYVMRK E GEPP # 8SYGL X
'EPPW 8S XYVR XLI WTIEOIVTLSRI SR SV SJJ # 8SYGL XLI 7TIEOIV /I] 8LI 7TIEOIV /I] PMKLXW YT XS MRHMGEXI XLEX XLI WTIEOIVTLSRI MW SR 8LI 7TIEOIV MGSR [MPP ETTIEV MR XLI 7XEXYW &EV ERH XLI WSYRH JVSQ ]SYV GEPP MW TPE]IH XLVSYKL XLI TLSRItW WTIEOIV ;LIR ZMI[MRK XLI MR GEPP WGVIIR ]SY GER XYVR XLI WTIEOIVTLSRI SJJ F] XSYGLMRK XLI 7TIEOIV /I] EKEMR 8LI WTIEOIV MW XYVRIH SJJ EYXSQEXMGEPP] [LIR XLI GEPP IRHW ;%62-2+ 8S EZSMH HEQEKI XS ]SYV LIEVMRK HS RSX LSPH XLI TLSRI EKEMRWX ]SYV IEV
'EPPW 8SYGL XS W[ET GEPPW 8LI GYVVIRX GEPP [MPP FI TPEGIH SR LSPH ERH ]SY [MPP FI GSRRIGXIH [MXL XLI SXLIV GEPP 8S WIX YT E GSRJIVIRGI GEPP 'SRXEGX ]SYV [MVIPIWW WIVZMGI TVSZMHIV XS PIEVR [LIXLIV XLI] WYTTSVX GSRJIVIRGI GEPPW ERH LS[ QER] TEVXMGMTERXW ]SY GER MRGPYHI 4PEGI E GEPP XS XLI wVWX TEVXMGMTERX ;LIR ]SYtVI GSRRIGXIH XSYGL 'SRXEGXW SV (MEPTEH 'LSSWI E GSRXEGX XS GEPP JVSQ ]SYV 'SRXEGX PMWX SV IRXIV XLI RYQFIV SR XLI HMEPTEH %JXIV ]SYtVI GSRRIGXIH XSYGL XLI 1IVKI G
'EPPW 0MWXIRMRK XS =SYV :SMGIQEMP ;LIR ]SY LEZI E RI[ ZSMGIQEMP QIWWEKI XLI :SMGIQEMP RSXMwGEXMSR MGSR ETTIEVW MR XLI 7XEXYW &EV -J ]SY LEZI RSX WIX YT ]SYV ZSMGIQEMP RYQFIV SV MJ ]SY RIIH XS GLERKI MX ]SY GER HS XLEX MR XLI 'EPP WIXXMRKW 8S PMWXIR XS ]SYV :SMGIQEMP # 3TIR XLI 2SXMwGEXMSRW TERIP ERH XSYGL 2I[ ZSMGIQEMP 36 # 8SYGL XLI ,SQI /I] XSYGL XLI 4LSRI /I] JVSQ XLI 5YMGO /I]W FEV XLIR XSYGL XLI :SMGIQEMP /I] 8]TMGEPP] ]SYV GEVVMIVtW ZSMGIQEMP W]WXIQ KYMHIW ]SY XLVSYKL XL
;IF 7IEVGL &MRK 7IEVGL ;MXL &MRK 7IEVGL ]SY KIX SRI XSYGL EGGIWW XS &MRKtW WIEVGL QETW RI[W MQEKIW ERH ZMHISW EPP MR SRI TEGOEKI 8LI MQEKI WIEVGL JSV I\EQTPI JIEXYVIW IRHPIWW WGVSPPMRK RS QSVI GPMGOMRK XLVSYKL QYPXMTPI TEKIW SJ MQEKIW XS wRH [LEX ]SY [ERX 8LI 1SZMIW XEF HMWTPE]W EPP XLI QSZMIW TPE]MRK RIEV ]SY EPSRK [MXL XLIMV TPE] XMQIW ERH VIZMI[W 7IXXMRK ;IF ERH 5YMGO 7IEVGL &S\ 3TXMSRW 8S GLERKI XLI WIXXMRKW JSV &MRK 7IEVGL JVSQ XLI &MRK ETTPMGEXMSR XSYGL XLI 1IRY /I] " 7IXXMRKW
;IF &VS[WIV 8LI &VS[WIV JIEXYVI EPPS[W ]SY XS EGGIWW XLI MRXIVRIX JVSQ ]SYV :IVM^SR ;MVIPIWW HIZMGI %GGIWW ERH WIPIGXMSRW [MXLMR XLMW JIEXYVI EVI HITIRHIRX YTSR ]SYV WIVZMGI TVSZMHIV *SV WTIGMwG MRJSVQEXMSR SR &VS[WIV EGGIWW XLVSYKL ]SYV TLSRI GSRXEGX ]SYV WIVZMGI TVSZMHIV -RXIVRIX 0IEVR XS EGGIWW ERH FSSOQEVO ]SYV JEZSVMXI [IF TEKIW 238)7 HIXEMPW GSRXEGX ]SYV WIVZMGI TVSZMHIV &VS[WI [IF TEKIW 8SYGL XLI %TTW /I] " &VS[WIV 8S EGGIWW E WTIGMwG [IF TEKI XSYGL XLI 960 MRTYX wIPH IRXIV
;IF # 8S FSSOQEVO XLI GYVVIRX [IF TEKI XSYGL &SSOQEVOW )RXIV XLI REQI JSV XLI FSSOQEVO ERH XSYGL 3/ " %HH # ;LIR E [IF TEKI wRMWLIW PSEHMRK XLI 677 -RHMGEXSV [MPP ETTIEV MJ ER 677 JIIH MW EZEMPEFPI 8SYGL XLI 1IRY /I] " %HH 677 *IIH ERH WIPIGX XLI JIIH ]SY [ERX XS WEZI # 8S ZMI[ XLI GYVVIRXP] EGXMZI [MRHS[W XSYGL XLI 1IRY /I] " ;MRHS[W =SY GER STIR QYPXMTPI TEKIW ERH W[MXGL FEGO ERH JSVXL FIX[IIR XLIQ # 8S VIPSEH XLI GYVVIRX [IF TEKI XSYGL XLI 1IRY /I] " 6IJVIWL 8LI 6
;IF # 8S GYWXSQM^I XLI &VS[WIV WIXXMRKW XSYGL XLI 1IRY /I] " 7IXXMRKW " 1SVI &SSOQEVO ]SYV JEZSVMXI [IF TEKIW -J ]SY ORS[ XLI [IF EHHVIWW SJ XLI [IF TEKI ]SY GER QERYEPP] EHH E FSSOQEVO 8S EHH E FSSOQEVO 8SYGL XLI %TTW /I] 8SYGL &SSOQEVOW " &VS[WIV RI\X XS XLI 960 wIPH 8SYGL %HH )RXIV E TEKI XMXPI ERH E [IF EHHVIWW 960 8SYGL 3/ *VSQ XLI FSSOQEVO PMWX XSYGL ERH LSPH E FSSOQEVO ERH YWI XLI JSPPS[MRK STXMSRW # 8S STIR XLI [IF TEKI MR XLI GYVVIRX [MRHS[ XSYG
;IF &MRK 1ETW 8S WIEVGL JSV E PSGEXMSR 8SYGL XLI %TTW /I] " &MRK " 1ETW 8SYGL XLI WIEVGL FS\ EX XLI XST SJ XLI WGVIIR -R XLI WIEVGL FS\ IRXIV XLI TPEGI ]SYtVI PSSOMRK JSV =SY GER IRXIV ER EHHVIWW E GMX] SV E X]TI SJ FYWMRIWW SV IWXEFPMWLQIRX *SV I\EQTPI qXLIEXIV MR 2I[ =SVOr 8SYGL XLI 7IEVGL /I] 3VERKI QEVOIVW MRHMGEXI WIEVGL QEXGLIW SR XLI QET =SY GER XSYGL E QEVOIV XS STIR E FEPPSSR XLEX GSRXEMRW E PEFIP 8SYGL XLI FEPPSSR XS STIR E WGVIIR [MXL QSVI MRJSVQEXMSR EF
;IF 'LIGOMRK XLI [IEXLIV 8LI ;IEXLIV ETTPMGEXMSR TVSZMHIW [IEXLIV JSVIGEWXW =SY GER TPEGI E ;IEXLIV [MHKIX SR ]SYV ,SQI WGVIIR JSV E WYQQEV] SJ ]SYV PSGEP [IEXLIV %GGIWW XLI ;IEXLIV ETTPMGEXMSR JSV QSVI HIXEMPIH [IEXLIV MRJSVQEXMSR 8S KIX HIXEMPW EFSYX XLI [IEXLIV 8SYGL XLI ;IEXLIV [MHKIX SR XLI ,SQI WGVIIR XS STIR XLI ;IEXLIV ETTPMGEXMSR XS ZMI[ WYQQEVM^IH ERH HIXEMPIH [IEXLIV MRJSVQEXMSR # 8SYGL E XEF EX XLI XST SJ XLI WGVIIR XS ZMI[ XLI [IEXLIV JSVIGEWX JSV HMJJIVIRX XMQIW # 8S
;IF 'LERKMRK ;IEXLIV 7IXXMRKW =SY GER GSRwKYVI E RYQFIV SJ WIXXMRKW JSV XLI ;IEXLIV ETTPMGEXMSR 8LI PSGEXMSR ERH VIPEXIH WIXXMRKW EPWS EJJIGX XLI HMWTPE] SJ XLI ;IEXLIV [MHKIX ETTPMGEXMSR # 8S STIR XLI ;IEXLIV WIXXMRKW WGVIIR XSYGL XLI 1IRY /I] 7IXXMRKW " ;IEXLIV WIXXMRKW 'MX] PMWX =SY GER EHH IHMX SV VIQSZI E GMX] JVSQ ]SYV PMWX 6IJVIWL MRXIVZEP 8LIWI WIXXMRKW GSRXVSP LS[ JVIUYIRXP] XLI MRJSVQEXMSR SR XLI ;IEXLIV [MHKIX MW YTHEXIH ERH XLI XIQTIVEXYVI YRMX XS YWI 6IJVIWL MRXIVZEP %PPS[W ]
;IF &EGOYT %WWMWXERX ,S[ XS %GGIWW ERH 6IKMWXIV &EGOYT %WWMWXERX -J ]SY HMHRtX WIX YT &EGOYT %WWMWXERX [LIR ]SY XYVRIH SR ]SYV TLSRI JSV XLI wVWX XMQI ]SY GER IREFPI MX MR 7IXXMRKW 8SYGL XLI %TTW /I] " 7IXXMRKW 8SYGL &EGOYT %WWMWXERX " %GGSYRXW W]RG 6IEH XLI MRJSVQEXMSR TVSZMHIH SR XLI WGVIIR ERH XSYGL 7XEVX )RXIV ]SYV 4-2 GSHI ERH GSRwVQ MX XLIR XSYGL 7YFQMX 8LI 6IKMWXVEXMSR GSQTPIXI WGVIIR ETTIEVW ERH ]SYV wVWX FEGO YT TVSGIWW FIKMRW 8SYGL 2I\X " (SRI =SY GER PEYRG
;IF 9WMRK &EGOYT %WWMWXERX 3R XLI WGLIHYPI ]SY WIPIGXIH XLI &EGOYT %WWMWXERX ETTPMGEXMSR GLIGOW [MXL ]SYV TLSRItW EHHVIWW FSSO XS WII MJ ER] GLERKIW LEZI SGGYVVIH WMRGI XLI PEWX &EGOYT -J GLERKIW EVI HIXIGXIH XLI ETTPMGEXMSR [MPP PEYRGL ERH XLI &EGOYT TVSGIWW [MPP WXEVX -J RS GLERKIW EVI HIXIGXIH &EGOYT %WWMWXERX WPIITW YRXMP XLI RI\X HEMP] EYXSQEXMG FEGOYT MW XVMKKIVIH 1ERYEPP] FEGOMRK YT ]SYV GSRXEGXW 8SYGL XLI %TTW /I] " 7IXXMRKW 8SYGL &EGOYT %WWMWXERX " %GGSYRXW W]RG
;IF 'LERKI ]SYV 4-2 GSHI 8SYGL XLI %TTW /I] " 7IXXMRKW 8SYGL &EGOYT %WWMWXERX " %GGSYRXW W]RG 8SYGL 'LERKI 4-2 GSHI SR XLI &EGOYT %WWMWXERX WIXXMRKW WGVIIR )RXIV ]SYV GYVVIRX 4-2 ERH XSYGL 2I\X )RXIV ]SYV RI[ 4-2 8LIR VIIRXIV MX JSV GSRwVQEXMSR ERH XSYGL 2I\X
'SQQYRMGEXMSR 1SFMPI -1 1SFMPI -1 EPPS[W ]SY XS WIRH ERH VIGIMZI ER -RWXERX 1IWWEKI EX ER] XMQI 8SYGL XLI %TTW /I] 8SYGL 1SFMPI -1 238) 8LI wVWX XMQI ]SY YWI XLI 1SFMPI -1 ETTPMGEXMSR ]SY [MPP RIIH XS XSYGL %GGITX XS EGGITX XLI XIVQW ERH GSRHMXMSRW SJ YWI 'LSSWI E 1SFMPI -1 GSQQYRMX] XS WMKR MR XS )RXIV ]SYV YWIV REQI ERH TEWW[SVH ERH XSYGL 7MKR -R 238) 1SFMPI -1 SRP] STIVEXIW SZIV XLI :IVM^SR ;MVIPIWW RIX[SVO 'SRXEGXW 8LI 'SRXEGXW ETTPMGEXMSR EPPS[W ]SY XS WXSVI REQIW
'SQQYRMGEXMSR 8S STIR E PMWX SJ ]SYV JEZSVMXI GSRXEGXW # 3TIR ]SYV 'SRXEGXW ETTPMGEXMSR ERH XSYGL XLI +VSYTW XEF EX XLI XST SJ XLI WGVIIR 8LIR XSYGL *EZSVMXIW *EZSVMXIW PMWXW XLI GSRXEGXW ]SYtZI EHHIH XS XLI PMWX JSPPS[IH F] E PMWX SJ ]SYV QSWX JVIUYIRXP] GEPPIH GSRXEGXW 8S ZMI[ HIXEMPW EFSYX E GSRXEGX 3TIR ]SYV 'SRXEGXW ETTPMGEXMSR 8SYGL XLI GSRXEGX [LSWI HIXEMPW ]SY [ERX XS ZMI[ 8SYGL ER MGSR XS GEPP QIWWEKI SV STIR SXLIV ETTPMGEXMSRW # 8LI (MEP MGSR TPEGIW E GEPP XS XLI RY
'SQQYRMGEXMSR %HHMRK 'SRXEGXW =SY GER EHH GSRXEGXW SR ]SYV TLSRI ERH W]RGLVSRM^I XLIQ [MXL XLI GSRXEGXW MR ]SYV +SSKPI81 %GGSYRX 1MGVSWSJX )\GLERKI EGGSYRX SV SXLIV EGGSYRXW XLEX WYTTSVX W]RGMRK GSRXEGXW 8LI 'SRXEGXW ETTPMGEXMSR XVMIW XS NSMR RI[ EHHVIWWIW [MXL I\MWXMRK GSRXEGXW XS GVIEXI E WMRKPI IRXV] =SY GER EPWS QEREKI XLEX TVSGIWW QERYEPP] 8S EHH E RI[ GSRXEGX 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL XLI XLI 1IRY /I] " 2I[ GSRXEGX -J ]SY LEZI QSVI XLER SRI EGGSYRX [MXL GSRXEGXW X
'SQQYRMGEXMSR -QTSVXMRK )\TSVXMRK ERH 7LEVMRK 'SRXEGXW -J ]SY LEZI GSRXEGXW WXSVIH MR Z'EVH JSVQEX SR E QMGVS7( GEVH ]SY GER MQTSVX XLIQ MRXS ]SYV 'SRXEGXW ETTPMGEXMSR SR ]SYV TLSRI =SY GER EPWS I\TSVX GSRXEGXW MR Z'EVH JSVQEX SRXS E QMGVS7( GEVH )\TSVX XS FEGO XLIQ YT XS E GSQTYXIV SV SXLIV HIZMGI SV WS ]SY GER WIRH E GSRXEGX ZME IQEMP 8S MQTSVX GSRXEGXW JVSQ ]SYV QMGVS7( GEVH =SY GER GST] GSRXEGXW MR Z'EVH JSVQEX SRXS ]SYV QMGVS7( GEVH XLIR MQTSVX XLIQ MRXS ]SYV TLSRI -RWIVX XLI QIQSV] G
'SQQYRMGEXMSR 8S WLEVI E GSRXEGX =SY GER WLEVI E GSRXEGX [MXL WSQISRI F] WIRHMRK MX XS XLIQ EW E Z'EVH wPI 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL XLI GSRXEGX ]SY [ERX XS WLEVI XS ZMI[ XLI GSRXEGX HIXEMPW 8SYGL XLI 1IRY /I] " 7LEVI 'LSSWI XLI QIXLSH JSV WIRHMRK )RXIV XLI RIGIWWEV] MRJSVQEXMSR ERH WLEVI MX %HHMRK E 'SRXEGX XS =SYV *EZSVMXIW 8LI *EZSVMXIW WIGXMSR GSRXEMRW E WLSVX PMWX SJ XLI GSRXEGXW ]SY GSQQYRMGEXI [MXL QSWX SJXIR 8S EHH E GSRXEGX XS ]SYV JEZSVMXIW PMWX 3TIR XL
'SQQYRMGEXMSR 7IEVGLMRK JSV E 'SRXEGX -XtW IEW] XS WIEVGL JSV E GSRXEGX F] REQI 8S WIEVGL JSV E GSRXEGX 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL XLI WIEVGL FS\ SV XSYGL XLI 7IEVGL /I] 7XEVX IRXIVMRK XLI REQI SJ XLI GSRXEGX ]SYtVI WIEVGLMRK JSV %W ]SY X]TI GSRXEGXW [MXL QEXGLMRK REQIW [MPP ETTIEV FIPS[ XLI WIEVGL FS\ 8SYGL E QEXGLMRK GSRXEGX MR XLI PMWX XS ZMI[ MXW HIXEMPW =SY GER EPWS WIEVGL F] RMGOREQI IQEMP SVKERM^EXMSR ERH RYQFIV )HMXMRK 'SRXEGX (IXEMPW =SY GER GLERKI SV EHH H
'SQQYRMGEXMSR 8S IHMX GSRXEGX HIXEMPW 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL ERH LSPH XLI GSRXEGX [LSWI HIXEMPW ]SY [ERX XS IHMX -R XLI QIRY XLEX STIRW XSYGL )HMX GSRXEGX )HMX XLI GSRXEGX MRJSVQEXMSR 8SYGL 7EZI XS WEZI XLI GLERKIW 8S GLERKI E GSRXEGXtW HIJEYPX TLSRI RYQFIV 8LI HIJEYPX TLSRI RYQFIV MW YWIH [LIR ]SY MRMXMEXI E GEPP SV WIRH E XI\X QIWWEKI YWMRK XLI GSRXI\X QIRY F] XSYGLMRK ERH LSPHMRK E GSRXEGX 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL XLI REQI SJ E GSRXEGX MR XLI PMWX X
'SQQYRMGEXMSR 8S WIX E VMRKXSRI JSV E GSRXEGX 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL XLI REQI SJ E GSRXEGX MR XLI PMWX XS ZMI[ MXW HIXEMPW 8SYGL XLI 1IRY /I] " 3TXMSRW 8SYGL 6MRKXSRI XLIR XSYGL E VMRKXSRI XS WIPIGX MX 8SYGL 3/ XS WEZI XLI VMRKXSRI XS XLI GSRXEGX 8S HIPIXI E GSRXEGX 3TIR ]SYV 'SRXEGXW PMWX SV *EZSVMXIW PMWX 8SYGL XLI REQI SJ E GSRXEGX MR XLI PMWX XS ZMI[ MXW HIXEMPW 8SYGL XLI 1IRY /I] " (IPIXI GSRXEGX # -J ]SY HIPIXI E GSRXEGX JVSQ +SSKPI 'SRXEGXW SV
'SQQYRMGEXMSR 8S GSRRIGX F] YWMRK 5YMGO 'SRXEGX JSV %RHVSMH81 8SYGL E GSRXEGXtW TMGXYVI XS STIR 5YMGO 'SRXEGX JSV %RHVSMH 8SYGL E GSRXEGX W TMGXYVI 8SYGL XLI MGSR GSVVIWTSRHMRK XS XLI X]TI SJ GSQQYRMGEXMSR ]SY [ERX XS WXEVX 8LI GSQQYRMGEXMSR MGSRW HMWTPE]IH HITIRH SR XLI X]TIW SJ MRJSVQEXMSR ]SY WEZIH MR XLI GSRXEGX MRJSVQEXMSR 8S GSQQYRMGEXI [MXL E GSRXEGX 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL XLI GSRXEGX [MXL [LSQ ]SY [ERX XS GSQQYRMGEXI -R XLI GSRXEGXtW HIXEMPW WGVIIR XSYGL XL
'SQQYRMGEXMSR 8S GEPP E GSRXEGXtW HIJEYPX RYQFIV 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL ERH LSPH XLI GSRXEGX ]SY [MWL XS GEPP 8SYGL 'EPP GSRXEGX MR XLI QIRY XLEX STIRW 8S WIRH E XI\X SV QYPXMQIHME QIWWEKI XS E GSRXEGXtW HIJEYPX RYQFIV 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL ERH LSPH XLI GSRXEGX ]SY [MWL XS QIWWEKI 8SYGL 8I\X GSRXEGX MR XLI QIRY XLEX STIRW 7IPIGXMRK ;LMGL 'SRXEGXW EVI (MWTPE]IH =SY GER LMHI GSRXEGXW XLEX HSRtX LEZI TLSRI RYQFIVW =SY GER EPWS GSRwKYVI [LMGL KVSYTW SJ GSR
'SQQYRMGEXMSR 8S GLERKI [LMGL KVSYTW EVI HMWTPE]IH 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL XLI 1IRY /I] " 1SVI " (MWTPE] STXMSRW 8SYGL ER EGGSYRX XS STIR MXW PMWX SJ EZEMPEFPI KVSYTW 8SYGL IEGL KVSYT [LSWI GSRXEGXW ]SY [ERX XS ZMI[ MR ]SYV 'SRXEGXW ETTPMGEXMSR 'SRXEGX X]TIW [MXL E GLIGOQEVO [MPP ETTIEV MR ]SYV GSRXEGXW PMWX 8LMW EGXMSR EJJIGXW SRP] [LMGL GSRXEGXW EVI HMWTPE]IH =SYV W]RG WIXXMRKW [MPP RSX FI EJJIGXIH 8SYGL %TTP] XS WEZI ]SYV WIXXMRKW
'SQQYRMGEXMSR .SMRMRK 'SRXEGXW ;LIR ]SY EHH ER EGGSYRX SV EHH GSRXEGXW MR SXLIV [E]W WYGL EW F] I\GLERKMRK IQEMPW XLI 'SRXEGXW ETTPMGEXMSR EXXIQTXW XS EZSMH HYTPMGEXMSR F] NSMRMRK GSRXEGX MRJSVQEXMSR EYXSQEXMGEPP] =SY GER EPWS NSMR GSRXEGXW QERYEPP] 8S NSMR GSRXEGXW 3TIR XLI 'SRXEGXW ETTPMGEXMSR 8SYGL XLI GSRXEGX IRXV] XS [LMGL ]SY [ERX XS EHH MRJSVQEXMSR 8LI GSRXEGX REQI JSV XLMW IRXV] [MPP VIQEMR YRGLERKIH EJXIV ]SY NSMR [MXL ERSXLIV GSRXEGX 8SYGL XLI 1IRY /I] " )HMX GSRXEGX
'SQQYRMGEXMSR )QEMP 3TIRMRK )QEMP ERH XLI %GGSYRXW 7GVIIR =SY GER YWI XLI )QEMP ETTPMGEXMSR XS VIEH IQEMP JVSQ WIVZMGIW SXLIV XLER +QEMP81 8LI )QEMP ETTPMGEXMSR WYTTSVXW XLI JSPPS[MRK EGGSYRX X]TIW 1MGVSWSJX )\GLERKI ;MRHS[W 0MZI ,SXQEMP =ELSS 1EMP +QEMP %30 1EMP :IVM^SR ERH SXLIV EGGSYRXW 8S STIR XLI )QEMP ETTPMGEXMSR # 8SYGL XLI %TTW /I] " )QEMP 8LI wVWX XMQI ]SY STIR XLI )QEMP ETTPMGEXMSR E WIXYT [M^EVH STIRW XS LIPT ]SY EHH ER IQEMP EGGSYRX %JXIV XLI MRMXMEP WIXYT )QEMP HMW
'SQQYRMGEXMSR 8S VIEH E QIWWEKI *VSQ XLI %GGSYRXW WGVIIR WMQTP] XSYGL ER] EGGSYRX XS HMWTPE] MX =SY GER EPWS KS XS XLI JSPHIV PMWX SJ XLI EGGSYRX F] XSYGLMRK XLI 1IRY /I] " *SPHIVW JVSQ XLI -RFS\ 238) LIR RI[ IQEMP EVVMZIW E RSXMwGEXMSR ETTIEVW MR XLI 7XEXYW &EV (VEK XLI 2SXMwGEXMSRW ; TERIP HS[R[EVH ERH XSYGL XLI IQEMP RSXMwGEXMSR 6IWTSRHMRK XS E 1IWWEKI 8LIVI EVI QER] STXMSRW LS[ ]SY GER VIWTSRH XS E VIGIMZIH IQEMP QIWWEKI =SY GER VITP] XS MX JSV[EVH MX SV IZIR NYWX HIPIXI MX 8S VIT
'SQQYRMGEXMSR *EGIFSSO JSV 0+ 8LI *EGIFSSO JSV 0+ ETTPMGEXMSR SR ]SYV TLSRI PIXW ]SY OIIT YT ERH WXE] GPSWI [MXL ]SYV JVMIRHW MR *EGIFSSO -X SJJIVW QSWX SJ XLI JIEXYVIW XLEX ]SY EVI JEQMPMEV [MXL [LIR YWMRK *EGIFSSO SR ]SYV GSQTYXIV 238) -J ]SY LEZI QSVI XLER SRI *EGIFSSO EGGSYRX ]SY GER WMKR MR XS XLI *EGIFSSO JSV 0+ ETTPMGEXMSR YWMRK IMXLIV *EGIFSSO EGGSYRX ;MXL XLI *EGIFSSO JSV 0+ ETTPMGEXMSR ]SY GER # 7LEVI ]SYV XLSYKLXW ERH GLIGO SXLIV TISTPItW WXEXYW YTHEXIW # :MI[ ]SYV JVMIRHW PMWX
'SQQYRMGEXMSR %HHMRK E *EGIFSSO [MHKIX %HH XLI 1] WXEXYW SV 7SGMEP *IIHW [MHKIX XS E ,SQI WGVIIR TERI XS PIX ]SY UYMGOP] WLEVI ]SYV XLSYKLXW ERH ZMI[ ]SYV JVMIRHWt WXEXYW YTHEXIW 238) 8LI [MHKIX [MPP SRP] PMRO XS XLI *EGIFSSO EGGSYRX XLEX ]SY PSKKIH MRXS SR XLI *EGIFSSO JSV 0+ ETTPMGEXMSR EW XLI QEMR EGGSYRX 8S EHH XLI 1] WXEXYW ERH 7SGMEP *IIHW [MHKIXW XSYGL ERH LSPH E WTSX SR E ,SQI WGVIIR TERI [LIVI ]SY [ERX XS TPEGI XLI [MHKIX XLIR XSYGL ;MHKIXW " 1] WXEXYW SV 7SGMEP *IIHW *EGIFSSO JSV
'SQQYRMGEXMSR 7LEVI E WXEXYW QIWWEKI 3R XLI 2I[W *IIH WGVIIR XSYGL XLI XI\X wIPH [MXL XLI [SVHW q;LEXtW SR ]SYV QMRH#r )RXIV ]SYV WXEXYW QIWWEKI XLIR XSYGL 7LEVI 8SYGL XLI 4LSXS MGSR XS XLI VMKLX SJ XLI WXEXYW wIPH XS WLEVI E TMGXYVI JVSQ +EPPIV] SV 'EQIVE 7IEVGLMRK JSV *EGIFSSO YWIVW XS EHH XS ]SYV JVMIRHW ;LMPI SR XLI *EGIFSSO JSV 0+ LSQI WGVIIR XSYGL *VMIRHW PMWX 8SYGL XLI 1IRY /I] " 2I[ )RXIV XLI YWIV ]SY EVI PSSOMRK JSV MR XLI WIEVGL wIPH ERH XSYGL 3R XLI WIEVG
'SQQYRMGEXMSR 7IXXMRK *EGIFSSO JSV 0+ STXMSRW 8SYGL XLI 1IRY /I] JVSQ ER] SJ XLI *EGIFSSO WGVIIRW 8SYGL 7IXXMRKW %YXS VIJVIWL 7IXW XLI JVIUYIRG] XS VIGIMZI YTHEXIH MRJSVQEXMSR 2SXMwGEXMSR )WXEFPMWL MJ ]SY [ERX XS FI RSXMwIH SJ RI[ *EGIFSSO QIWWEKIW ERH SV JVMIRH VIUYIWXW :MWYEP :SMGI 1EMP :MWYEP :SMGI 1EMP EPPS[W XLI QEREKIQIRX SJ ZSMGIQEMP HMVIGXP] JVSQ XLI HIZMGI VEXLIV XLER EGGIWWMRK ZSMGIQEMP ZME XVEHMXMSREP QIXLSHW :MWYEP :SMGI 1EMP HMWTPE]W E PMWX SJ QIWWEKIW ERH EPPS[W XLI YW
'SQQYRMGEXMSR %JXIV IRXIVMRK XLI TEWW[SVH ]SY EVI EPPS[IH XS WII ZSMGI QEMP IRXVMIW MR ]SYV -RFS\ ;LMPI ZMI[MRK XLI ZSMGIQEMP PMWX ]SY GER WIPIGX ER IRXV] WII WXIT *SV EHHMXMSREP STXMSRW XSYGL XLI 1IRY /I] " 2I[ (IPIXI 7EZI EW 7IX EW ,IEVH 7SVX F] SV 1SVI 7EZIH QIWWEKIW 6IJVIWL 7IXXMRKW 8SYGL E ZSMGIQEMP IRXV] XS PMWXIR XS MX 8LIR ]SY GER XSYGL 'EPP FEGO 7EZI SV )VEWI 8S JSV[EVH SV VITP] XS E QIWWEKI XSYGL XLI 1IRY /I] " *SV[EVH SV 6ITP]
'SQQYRMGEXMSR -J ]SY HIGMHI XS VITP] [MXL E ZSMGIQEMP SV JSV[EVH MX VIGSVH E QIWWEKI 8LI FYXXSRW EX XLI FSXXSQ SJ XLI WGVIIR EPPS[ ]SY XS TPE] WXST SV GERGIP XLI QIWWEKI 238) 8S WIRH E ZSMGI QIWWEKI XS E RYQFIV MR ]SYV 'SRXEGXW PMWX YWI XLI 8S wIPH XS WIEVGL JSV MX -J ]SYtH PMOI XS GERGIP :SMGIQEMP 7YFWGVMTXMSR XSYGL XLI 1IRY /I] 1SVI " 7IXXMRKW " 'ERGIP ::1 WIVZMGI "
'SQQYRMGEXMSR +QEMP +QEMP MW (MJJIVIRX +QEMP MW [IF FEWIH =SYV QIWWEKIW EVI WXSVIH SR PMRI SR +SSKPI81 WIVZIVW FYX ]SY GER VIEH [VMXI ERH SVKERM^I QIWWEKIW F] YWMRK XLI +QEMP ETTPMGEXMSR SR ]SYV TLSRI SV F] YWMRK E [IF FVS[WIV SR E GSQTYXIV &IGEYWI ]SYV QEMP MW WXSVIH SR +SSKPI WIVZIVW ]SY GER WIEVGL ]SYV IRXMVI QIWWEKI LMWXSV] FEGOIH F] XLI WTIIH ERH TS[IV SJ +SSKPI WIEVGL %GXMSRW XLEX ]SY XEOI MR SRI TPEGI EVI VIxIGXIH IZIV][LIVI *SV I\EQTPI MJ ]SY VIEH E QIWWEKI MR +QEMP SR ]SYV TLSRI MX
'SQQYRMGEXMSR +QEMP MW JSV +QEMP 3J GSYVWI ]SY GER YWI +QEMP XS WIRH IQEMP XS ER] IQEMP EHHVIWW ERH ER]SRI GER WIRH IQEMP XS ]SY EX ]SYV +QEMP EHHVIWW &YX MJ ]SY [ERX XS VIEH QIWWEKIW JVSQ ERSXLIV IQEMP WIVZMGI TVSZMHIV YWMRK ]SYV %30 =ELSS SV SXLIV IQEMP EGGSYRX ]SY QYWX YWI XLI )QEMP ETTPMGEXMSR 3TIRMRK +QEMP ERH =SYV -RFS\ ;LIR ]SY STIR XLI +QEMP ETTPMGEXMSR XLI QSWX VIGIRX GSRZIVWEXMSRW EVI HMWTPE]IH MR ]SYV -RFS\ 8S STIR XLI +QEMP ETTPMGEXMSR 8SYGL XLI %TTW /I] " +QEMP %PP SJ
'SQQYRMGEXMSR 8S STIR ]SYV -RFS\ [LIR +QEMP MW VYRRMRK -J ]SY EVI ZMI[MRK E QIWWEKI SV ERSXLIV PEFIP XSYGL XLI &EGO /I] ]SY VIXYVR XS ]SYV -RFS\ YRXMP 36 # ;LIR VIEHMRK E QIWWEKI XSYGL XLI 1IRY /I] " +S XS -RFS\ 36 # ;LIR ZMI[MRK E PMWX SJ PEFIPIH GSRZIVWEXMSRW XSYGL XLI 1IRY /I] " 1SVI " +S XS -RFS\ 8S W[MXGL EGGSYRXW +QEMP HMWTPE]W GSRZIVWEXMSRW ERH QIWWEKIW JVSQ SRI +SSKPI %GGSYRX EX E XMQI -J ]SY LEZI QSVI XLER SRI EGGSYRX ]SY GER STIR XLI %GGSYRXW WGVIIR XS ZMI[ LS[
'SQQYRMGEXMSR 6IEHMRK =SYV 1IWWEKIW ;LIR ZMI[MRK E PMWX SJ GSRZIVWEXMSRW MR ]SYV -RFS\ SV MR ER] PMWX SJ PEFIPIH GSRZIVWEXMSRW ]SY GER STIR E GSRZIVWEXMSR XS VIEH MXW QIWWEKIW 8S VIEH E QIWWEKI # 8SYGL E GSRZIVWEXMSR XLEX GSRXEMRW XLI QIWWEKI ]SY [ERX XS VIEH % GSRZIVWEXMSR STIRW XS XLI wVWX RI[ YRVIEH QIWWEKI SV XS XLI wVWX WXEVVIH QIWWEKI MJ ]SYtZI TVIZMSYWP] WXEVVIH E QIWWEKI MR XLI GSRZIVWEXMSR 8LI +SSKPI 8EPO SRPMRI WXEXYW [MPP ETTIEV RI\X XS XLI REQI SJ XLI WIRHIV SJ IEGL QI
'SQQYRMGEXMSR 8S VIVIEH E QIWWEKI ;LIR ]SY STIR E GSRZIVWEXMSR QIWWEKIW XLEX ]SYtZI EPVIEH] VIEH EVI QMRMQM^IH MRXS E XEF XLEX MRHMGEXIW XLI RYQFIV SJ LMHHIR QIWWEKIW 8SYGL XLI %TTW /I] " +QEMP 8LIR XSYGL XLI GSRZIVWEXMSR ]SY [ERX XS ZMI[ ERH XLI XEF MRHMGEXMRK QMRMQM^IH QIWWEKIW 8SYGL XLI GSRXEGX REQI XS STIR XLEX QIWWEKI ;LIR VIEHMRK E QIWWEKI ]SY GER XSYGL XLI 1IRY /I] " 1EVO YRVIEH XS VIXYVR E VIEH QIWWEKI XS XLI YRVIEH WXEXI *SV I\EQTPI XS VIQMRH ]SYVWIPJ XS VI
'SQQYRMGEXMSR 'SQTSWMRK ERH 7IRHMRK E 1IWWEKI =SY GER GSQTSWI ERH WIRH E QIWWEKI XS TISTPI SV KVSYTW [MXL +QEMP EHHVIWWIW SV SXLIV IQEMP EHHVIWWIW 8S GSQTSWI ERH WIRH E QIWWEKI 8SYGL XLI %TTW /I] " +QEMP " XLI 1IRY /I] " 'SQTSWI )RXIV E VIGMTMIRXtW EHHVIWW %W ]SY IRXIV XI\X QEXGLMRK EHHVIWWIW EVI SJJIVIH JVSQ ]SYV 'SRXEGXW PMWX =SY GER XSYGL E WYKKIWXIH EHHVIWW SV GSRXMRYI IRXIVMRK XI\X XS IRXIV E RI[ SRI 8SYGL XLI 1IRY /I] RIGIWWEV] " %HH 'G &GG XS 'G SV &GG VIGMTMIRXW
'SQQYRMGEXMSR 6ITP]MRK XS SV *SV[EVHMRK E 1IWWEKI =SY GER GSRXMRYI ER IQEMP GSRZIVWEXMSR F] VITP]MRK XS E QIWWEKI SV F] JSV[EVHMRK MX 8S VITP] XS SV JSV[EVH E QIWWEKI 8SYGL SR XLI QIWWEKI LIEHIV XS EGGIWW STXMSRW JSV VITP]MRK SV JSV[EVHMRK XLI QIWWEKI 8SYGL 6ITP] 6ITP] EPP SV *SV[EVH 6ITP]MRK XS SV JSV[EVHMRK QIWWEKIW [MXLSYX GLERKMRK XLI WYFNIGX EHHW ]SYV VITP] XS XLI GYVVIRX GSRZIVWEXMSR 'LERKMRK XLI WYFNIGX WXEVXW E RI[ GSRZIVWEXMSR 8LI QIWWEKI [MPP STIR MR E RI[ WGVIIR [LIVI ]SY
'SQQYRMGEXMSR ;SVOMRK [MXL 'SRZIVWEXMSRW MR &EXGLIW =SY GER EVGLMZI PEFIP HIPIXI SV TIVJSVQ SXLIV EGXMSRW SR E FEXGL SJ GSRZIVWEXMSRW EX SRGI MR ]SYV -RFS\ SV MR ERSXLIV PEFIP *VSQ XLI -RFS\ SV E JSPHIV [MXL ERSXLIV PEFIP XSYGL XLI GLIGOFS\ JSV EPP XLI QIWWEKIW ]SY [ERX XS MRGPYHI MR XLI FEXGL ;LIR ]SY GLIGOQEVO E GSRZIVWEXMSR XLI %VGLMZI 0EFIPW ERH (IPIXI FYXXSRW ETTIEV EX XLI FSXXSQ SJ XLI WGVIIR 8SYGL %VGLMZI (IPIXI SV 0EFIPW SV XSYGL XLI 1IRY /I] WXEV 6ITSVX WTEQ 1YXI 1E
'SQQYRMGEXMSR 0EFIPMRK E 'SRZIVWEXMSR %W QIRXMSRIH TVIZMSYWP] GSRZIVWEXMSRW EVI SVKERM^IH F] PEFIPW +QEMP LEW WIZIVEP HIJEYPX PEFIPW FYX ]SY GER EPWS EHH ]SYV S[R XLVSYKL +QEMP SR XLI [IF 8S PEFIP E GSRZIVWEXMSR ;LIR VIEHMRK E GSRZIVWEXMSRtW QIWWEKIW XSYGL XLI 1IRY /I] 'LERKI PEFIPW " -R XLI HMEPSK FS\ XLEX STIRW GLIGO XLI PEFIPW ]SY [ERX XS EWWMKR XS XLI GSRZIVWEXMSR ERH XSYGL 3/ 8S PEFIP E FEXGL SJ GSRZIVWEXMSRW EX SRGI =SY GER EWWMKR SV GLERKI XLI PEFIPW SJ SRI SV QSVI GSRZIVWEXM
'SQQYRMGEXMSR 7XEVVMRK E 1IWWEKI =SY GER WXEV ER MQTSVXERX QIWWEKI SV GSRZIVWEXMSR XS QEOI MX IEW] XS PSGEXI EKEMR 8S WXEV E QIWWEKI # ;LIR VIEHMRK E QIWWEKI XSYGL XLI WXEV MR MXW LIEHIV 36 # ;LIR ZMI[MRK E PMWX SJ GSRZIVWEXMSRW XSYGL MXW WXEV RI[IWX QIWWEKI MR XLI GSRZIVWEXMSR XS WXEV XLI 8S YRWXEV E QIWWEKI # 8SYGL MXW WXEV EKEMR 8S WXEV SV YRWXEV EPP QIWWEKIW MR E GSRZIVWEXMSR # ;LIR ZMI[MRK XLI -RFS\ SV ERSXLIV PEFIP XSYGL E GSRZIVWEXMSRtW WXEV :MI[MRK 'SRZIVWEXMSRW F]
'SQQYRMGEXMSR 238) 8LI GSRZIVWEXMSR PMWX [MPP VIWIQFPI ]SYV -RFS\ 1SWX SJ XLI STXMSRW EZEMPEFPI [LMPI YWMRK ]SYV -RFS\ [MPP EPWS FI EZEMPEFPI [LMPI ZMI[MRK XLIWI PMWXW SJ PEFIPIH QIWWEKIW 6ITSVXMRK 7TEQ 8LI +QEMP WIVZMGI MW UYMXI IJJIGXMZI EX TVIZIRXMRK WTEQ NYRO QEMP JVSQ VIEGLMRK ]SYV -RFS\ &YX [LIR WTEQ HSIW QEOI MX XLVSYKL ]SY GER LIPT MQTVSZI XLI +QEMP WIVZMGI F] VITSVXMRK XLI GSRZIVWEXMSR EW WTEQ 8S VITSVX E GSRZIVWEXMSR EW WTEQ # ;LIR VIEHMRK XLI IQEMP XSYGL XLI 1IRY /I] WTEQ
'SQQYRMGEXMSR 8SYGL E GSRZIVWEXMSR PEFIP [LSWI W]RGLVSRM^EXMSR WIXXMRKW ]SY [ERX XS GLERKI % HMEPSK FS\ JSV XLEX GSRZIVWEXMSR PEFIP STIRW [MXL XLVII STXMSRW 7]RG RSRI (SRtX HS[RPSEH ER] GSRZIVWEXMSRW XLEX LEZI SRP] XLMW PEFIP 7]RG HE]W (S[RPSEH XLI TVIZMSYW HE]W SV RYQFIV SJ HE]W ]SY WIX SJ GSRZIVWEXMSRW 7]RG EPP (S[RPSEH EPP GSRZIVWEXMSRW [MXL XLMW PEFIP 8S WIX LS[ QER] HE]W SJ GSRZIVWEXMSRW XS W]RGLVSRM^I 8SYGL XLI %TTW /I] 8SYGL XLI 1IRY /I] " +QEMP " 1SVI " 7IXXM
'SQQYRMGEXMSR 'LERKMRK +QEMP 7IXXMRKW =SY GER GLERKI E RYQFIV SJ WIXXMRKW JSV +QEMP )EGL +SSKPI %GGSYRX LEW MXW S[R WIXXMRKW WS ]SYV GLERKIW EJJIGX SRP] XLI GYVVIRX EGGSYRX 2SXMwGEXMSR ZSPYQIW ERH WSQI W]RGLVSRM^EXMSR WIXXMRKW GER EPWS FI GLERKIH MR XLI 7IXXMRKW ETTPMGEXMSR # 8SYGL XLI %TTW /I] 7IXXMRKW " +QEMP " XLI 1IRY /I] " 1SVI " +IRIVEP WIXXMRKW 7MKREXYVI 8S EHH E WMKREXYVI SV SXLIV MRJSVQEXMSR XS SYXKSMRK IQEMP 'SRwVQ EGXMSRW %PPS[W ]SY XS GLSSWI [LMGL EGXMSRW [MPP HMWTPE] E
'SQQYRMGEXMSR 1IWWEKMRK 3TIRMRK 1IWWEKMRK 8S STIR 1IWWEKMRK # 8SYGL XLI ,SQI /I] /I]W FEV XLIR XSYGL 1IWWEKMRK /I] MR XLI 5YMGO 8LI 1IWWEKMRK WGVIIR [MPP STIR [LIVI ]SY GER GVIEXI E RI[ QIWWEKI SV STIR ER SRKSMRK QIWWEKI XLVIEH # 8SYGL 2I[ QIWWEKI XS WXEVX E RI[ XI\X SV QYPXMQIHME QIWWEKI # 8SYGL ER I\MWXMRK QIWWEKI XLVIEH XS STIR MX 8S HIPIXI E QIWWEKI XLVIEH JVSQ XLI 1IWWEKMRK [MRHS[ 8SYGL ERH LSPH XLI QIWWEKI XLVIEH 8SYGL (IPIXI XLVIEH MR XLI QIRY XLEX STIRW 8SYGL 3
'SQQYRMGEXMSR 8S WIRH E XI\X QIWWEKI 3R XLI 1IWWEKMRK WGVIIR XSYGL 2I[ QIWWEKI )RXIV E QSFMPI TLSRI RYQFIV MR XLI 8S wIPH %W ]SY IRXIV XLI QSFMPI TLSRI RYQFIV QEXGLMRK GSRXEGXW ETTIEV =SY GER XSYGL E WYKKIWXIH VIGMTMIRX SV GSRXMRYI IRXIVMRK XLI TLSRI RYQFIV 8SYGL XLI XI\X wIPH XS WXEVX IRXIVMRK ]SYV QIWWEKI 'LEVEGXIV GSYRXIV (MWTPE]W RYQFIV SJ GLEVEGXIVW IRXIVIH ERH EQSYRX VIQEMRMRK % GSYRXIV MW HMWTPE]IH MR XLI XST VMKLX GSVRIV SJ XLI XI\X wIPH XS XIPP ]SY LS[ QER] GLEVEGXIVW E
'SQQYRMGEXMSR 8S GVIEXI ERH WIRH E QYPXMQIHME QIWWEKI 3R XLI 1IWWEKMRK WGVIIR XSYGL 2I[ QIWWEKI )RXIV E QSFMPI TLSRI RYQFIV SV IQEMP EHHVIWW MR XLI 8S wIPH %W ]SY X]TI QEXGLMRK GSRXEGXW ETTIEV =SY GER XSYGL E WYKKIWXIH GSRXEGX SV GSRXMRYI X]TMRK 8SYGL XLI XI\X wIPH XS WXEVX IRXIVMRK ]SYV QIWWEKI 8SYGL XLI 1IRY /I] " %HH WYFNIGX XS EHH E QIWWEKI WYFNIGX 8SYGL XS STIR E QIRY [LIVI ]SY GER GLSSWI XLI X]TI SJ QIHME wPI XS EXXEGL XS XLI QIWWEKI # -J ]SY XSYGL 4MGXYVIW ]SYtVI
'SQQYRMGEXMSR 8S VIWTSRH XS QIWWEKIW ]SY VIGIMZI -J ]SYtVI [SVOMRK MR E QIWWEKI [MRHS[ QIWWEKIW XLEX ]SY VIGIMZI JVSQ XLEX GSRXEGX EVI HMWTPE]IH 3XLIV[MWI ]SY VIGIMZI E RI[ QIWWEKI RSXMwGEXMSR ERH E RI[ QIWWEKI MGSR ETTIEVW MR XLI 7XEXYW &EV ;LIR ]SY XSYGL XLI RI[ QIWWEKI RSXMwGEXMSR XLI 1IWWEKI WGVIIR STIRW [LIVI ]SY GER VITP] XS XLI QIWWEKI -J %YXS VIXVMIZI MW YRGLIGOQEVOIH ]SY QYWX XSYGL (S[RPSEH XS ZMI[ XLI QIWWEKI -J XLI QIWWEKI GSRXEMRW E QIHME wPI XSYGL 4PE] XS ZMI[ [EXGL SV PMWXIR X
'SQQYRMGEXMSR 8I\X QIWWEKI 717 WIXXMRKW (IPMZIV] VITSVXW 'LIGOQEVO XLMW WIXXMRK XS EPPS[ ]SYV TLSRI XS VIGIMZI HIPMZIV] VITSVXW JSV XLI QIWWEKIW ]SY WIRH 1EREKI 7-1 GEVH QIWWEKIW %PPS[W ]SY XS QEREKI QIWWEKIW WXSVIH SR ]SYV 7-1 GEVH 7IX TVMSVMX] 3TIRW E HMEPSK FS\ XLEX EPPS[W ]SY XS WIX XLI HIJEYPX TVMSVMX] JSV ]SYV XI\X QIWWEKIW 1YPXMQIHME QIWWEKI 117 WIXXMRKW (IPMZIV] VITSVXW 'LIGOQEVO XLMW WIXXMRK XS EPPS[ ]SYV TLSRI XS VIGIMZI HIPMZIV] VITSVXW JSV XLI QIWWEKIW ]SY WIRH %YXS VIXVMIZI 9RGL
'SQQYRMGEXMSR ,S[ XS WIPIGX XLI X]TI SJ OI]FSEVH ]SY [ERX 8SYGL ERH LSPH E XI\X wIPH 8SYGL -RTYX QIXLSH 'LSSWI FIX[IIR 7[]TI ERH 0+ /I]FSEVH =SY [MPP RS[ FI EFPI XS IRXIV XI\X YWMRK XLI RI[ OI]FSEVH 8SYGL ERH LSPH XLI GSQTSWMRK EVIE 8SYGL -RTYX QIXLSH 'LSSWI XLI X]TI SJ OI]FSEVH ]SY [ERX 8EPO 8S STIR +SSKPI 8EPO ERH WMKR MR # 8SYGL XLI %TTW /I] " 8EPO ;LIR ]SY wVWX STIR +SSKPI 8EPO ]SYV *VMIRHW PMWX [MPP FI HMWTPE]IH 8LMW PMWX MRGPYHIW EPP SJ XLI JVM
'SQQYRMGEXMSR 8S VIXYVR XS ]SYV *VMIRHW PMWX =SY GER VIXYVR XS ]SYV *VMIRHW PMWX [LMPI GLEXXMRK [MXL E JVMIRH WS XLEX ]SY GER MRZMXI ERSXLIV JVMIRH XS GLEX EHH E JVMIRH IXG # 8SYGL XLI 1IRY /I] " *VMIRHW PMWX 8S WMKR SYX SJ +SSKPI 8EPO =SY GER WMKR SYX SJ +SSKPI 8EPO *SV I\EQTPI MJ ]SY [ERX XS PMQMX +SSKPI 8EPO GSRZIVWEXMSRW XS ]SYV GSQTYXIV %PWS WMKRMRK SYX GER I\XIRH ]SYV FEXXIV] PMJI # *VSQ ]SYV *VMIRHW PMWX XSYGL XLI 1IRY /I] " 7MKR SYX =SY [MPP RS PSRKIV VIGIMZI GLEX RSXM
'SQQYRMGEXMSR 8S IRXIV ER IQSXMGSR WQMPI] NYWX XSYGL XLI 1IRY /I] -RWIVX WQMPI] XS STIR E PMWX SJ IQSXMGSRW " 1SVI " =SYV GLEX WIWWMSR [MPP VIQEMR STIR YRXMP ]SY IRH MX *VMIRHW ]SYtVI GLEXXMRK [MXL EVI HMWTPE]IH EX XLI XST SJ ]SYV *VMIRHW PMWX [MXL XLI QSWX VIGIRX QIWWEKI HMWTPE]IH MR E FPEGO SR [LMXI FEPPSSR 8S EGGITX ER MRZMXEXMSR XS GLEX ;LIR E JVMIRH WIRHW ]SY E +SSKPI 8EPO QIWWEKI ]SY [MPP VIGIMZI E RSXMwGEXMSR 8LI JVMIRHtW REQI MR XLI *VMIRHW PMWX XYVRW [LMXI ERH HMWTPE]W XLI Q
'SQQYRMGEXMSR 8LI JVMIRH ]SY MRZMXIH ERH XLI GYVVIRX TEVXMGMTERXW [MPP VIGIMZI ER MRZMXEXMSR XS E KVSYT GLEX )EGL SRI [LS EGGITXW XLI MRZMXEXMSR [MPP NSMR XLI KVSYT GLEX -R E KVSYT GLEX IZIV]SRI GER WII IZIV]SRI IPWItW QIWWEKIW +VSYT GLEXW ETTIEV EX XLI XST SJ ]SYV *VMIRHW PMWX [MXL E KVSYT GLEX MGSR 8S GLEX SR SV SJJ XLI VIGSVH =SYV +SSKPI 8EPO QIWWEKIW EVI WXSVIH WS ]SY GER VIZMI[ XLIQ PEXIV ERH IZIR WIEVGL JSV XLIQ MR XLI 'LEXW JSPHIV MR +QEMP -J ]SYtH VEXLIV RSX WXSVI XLI QIWWEKIW MR
'SQQYRMGEXMSR -R EHHMXMSR XS XLI WXERHEVH WXEXYW WIXXMRKW HIWGVMFIH MR XLI XEFPI SR XLI JSPPS[MRK TEKI ]SY GER EPWS WIPIGX E QIWWEKI XLEX ]SYtZI IRXIVIH TVIZMSYWP] SV XSYGL XLI 1IRY /I] " 'PIEV GYWXSQ QIWWEKIW XS IVEWI XLIQ ERH WXEVX SZIV =SYV WXEXYW ERH ER] QIWWEKI ]SYtZI IRXIVIH ETTIEV MR ]SYV JVMIRHWt PMWXW ERH MR SXLIV PSGEXMSRW [LIVI ]SYV WXEXYW SV WXEXYW QIWWEKI EVI HMWTPE]IH 7XEXYW -GSRW -GSRW MR +SSKPI 8EPO +QEMP ERH SXLIV ETTPMGEXMSRW MRHMGEXI ]SYV ERH ]SYV JVMIRHWt +SSKPI 8EPO W
'SQQYRMGEXMSR 1EREKMRK =SYV *VMIRHW 0MWX =SYV +SSKPI 8EPO *VMIRHW PMWX GSRXEMRW XLI JVMIRHW ]SYtZI MRZMXIH XS FIGSQI JVMIRHW SV [LSWI MRZMXEXMSRW ]SYtZI EGGITXIH MR +SSKPI 8EPO *VMIRHW GER MRZMXI IEGL SXLIV XS GLEX MR +SSKPI 8EPO ERH WII IEGL SXLIVWt SRPMRI WXEXYW MR +SSKPI 8EPO ERH SXLIV ETTPMGEXMSRW WYGL EW MR +QEMP 8LI +SSKPI 8EPO *VMIRHW PMWX MW WSVXIH F] ]SYV JVMIRHWt SRPMRI WXEXYW EGXMZI GLEXW SRPMRI FYW] E[E] ERH SJxMRI ;MXLMR IEGL KVSYTMRK JVMIRHW EVI PMWXIH EPTLEFIXMGEPP] 8S EHH E
'SQQYRMGEXMSR # -R XLI *VMIRHW PMWX XSYGL XLI 1IRY /I] " %PP JVMIRHW 8S W[MXGL FEGO XS NYWX XLI JVMIRHW [MXL [LSQ ]SY GLEX QSWX JVIUYIRXP] XSYGL 1SWX TSTYPEV MR XLI QIRY 8S EHH E JVMIRH XS XLI s1SWX TSTYPEVt KVSYT =SY GER WIX E JVMIRH XS EP[E]W ETTIEV MR ]SYV 1SWX TSTYPEV *VMIRHW PMWX *VSQ XLI *VMIRHW PMWX XSYGL ERH LSPH E JVMIRHtW REQI -J ]SY HSRtX WII XLI JVMIRHtW REQI XSYGL XLI 1IRY /I] JVMIRHW " %PP 8SYGL %P[E]W WLS[ JVMIRH MR XLI QIRY XLEX STIRW 8S VIQSZI E JVMIRH
'SQQYRMGEXMSR 8S GSRwKYVI RSXMwGEXMSRW JSV RI[ +SSKPI 8EPO QIWWEKIW *VSQ XLI *VMIRHW PMWX XSYGL XLI 1IRY /I] " 7IXXMRKW 'LIGOQEVO -1 RSXMwGEXMSRW XS VIGIMZI E RSXMwGEXMSR MR XLI 7XEXYW &EV [LIR E RI[ GLEX QIWWEKI EVVMZIW 8SYGL 7IPIGX VMRKXSRI XS STIR E PMWX SJ XLI VMRKXSRIW XLEX [MPP VMRK XS RSXMJ] ]SY SJ E RI[ GLEX 8SYGL :MFVEXI XS GLSSWI XLI ZMFVEXMSR WIXXMRK [LIR ]SY VIGIMZI RSXMwGEXMSR SJ E RI[ GLEX 8S WLS[ SV LMHI XLI QSFMPI MRHMGEXSV XS JVMIRHW *VSQ XLI *VMIRHW PMWX XSYGL
'SQQYRMGEXMSR 8[MXXIV JSV 0+ 8[IIXMRK SR ]SYV TLSRI 9WI XLI 8[MXXIV JSV 0+ ETTPMGEXMSR XS WIRH SYX X[IIXW VIEH ERH VIGIMZI X[IIXW JVSQ TISTPI WIEVGL JSV RI[ 8[MXXIV YWIVW XS JSPPS[ ERH QSVI 8S STIR XLI 8[MXXIV JSV 0+ ETTPMGEXMSR XSYGL XLI %TTW /I] JSV 0+ " 8[MXXIV -J ]SY HMH RSX WMKR MR XS ]SYV 8[MXXIV EGGSYRX [LIR ]SY wVWX XYVRIH SR XLI TLSRI JSPPS[ XLI SR WGVIIR MRWXVYGXMSRW XS WMKR MRXS ]SYV 8[MXXIV EGGSYRX 8[MXXIV JSV 0+ STIRW MR XLI =SY *VMIRHW WGVIIR 8[MXXIV JSV 0+ LSQI WGV
'SQQYRMGEXMSR 7LS[W X[IIXW F] TISTPI XLEX ]SY JSPPS[ 7LS[W EPP X[IIXW XLEX QIRXMSRW ]SYV YWIVREQI YWMRK XLI q$?]SYV YWIVREQIAr GSRZIRXMSR 8SYGL XS ZMI[ ]SYV 8[MXXIV TVSwPI 7LS[W TISTPI [LS EVI QEVOIH EW JEZSVMXIW 7LS[W EPP XLI TISTPI ]SY JSPPS[ 7LS[W EPP HMVIGX QIWWEKIW ]SY LEZI VIGIMZIH 7IRHMRK E X[IIX 3R XLI =SY *VMIRHW WGVIIR XSYGL XLI XI\X wIPH [MXL XLI [SVHW q;LEXtW LETTIRMRK#r )RXIV ]SYV X[IIX ERH XSYGL 9THEXI # 8SYGL XLI 4LSXS MGSR XS XLI VMKLX SJ XLI WXEXYW w
'SQQYRMGEXMSR 7IRHMRK E HMVIGX QIWWEKI =SY GER SRP] WIRH E HMVIGX QIWWEKI XS WSQISRI [LS MW JSPPS[MRK ]SY 8SYGL XLI 1IRY /I] " ,SQI 8SYGL (MVIGXIH QIWWEKIW " 2I[ (MVIGX 1IWWEKI =SY GER EPWS WIRH E HMVIGX QIWWEKI JVSQ ]SYV JSPPS[IVtW TVSwPI WGVIIR 8SYGL XLI 1IRY /I] " ;VMXI 8SYGL XLI 8S wIPH XLIR IRXIV XLI REQI %W ]SY IRXIV GLEVEGXIVW XLI REQIW SJ XLI 8[MXXIV YWIVW XLEX QEXGL XLI GLEVEGXIVW ]SY IRXIV [MPP ETTIEV 8SYGL XLI REQI [LIR ]SY WII MX )RXIV ]SYV QIWWEKI ERH XSYGL 7IR
'SQQYRMGEXMSR 8LI 4LSRI ETTPMGEXMSR 8LI TLSRI JIEXYVIW SJ ]SYV HIZMGI MRGPYHI QER] [E]W XS QEOI GEPPW # 8SYGL XLI ,SQI /I] ERH XLIR XLI 4LSRI /I] MR XLI 5YMGO /I]W FEV EX XLI FSXXSQ SJ XLI WGVIIR 8LI 4LSRI ETTPMGEXMSR LEW JSYV XEFW EGVSWW XLI XST SJ XLI WGVIIR 4LSRI 'EPP PSK 'SRXEGXW ERH +VSYTW 9WMRK XLIWI XEFW ]SY GER HMEP QERYEPP] SV QEOI GEPPW EYXSQEXMGEPP] JVSQ MRJSVQEXMSR ]SYtZI WXSVIH MR ]SYV TLSRI 4LSRI 8LMW XEF EPPS[W ]SY XS HMEP E TLSRI RYQFIV QERYEPP] =SY GER EPWS GEPP
'SQQYRMGEXMSR +VSYTW 8LMW XEF HMWTPE]W ]SYV GSRXEGXW F] KVSYT JSV IEGL EGGSYRX X]TI ]SY LEZI WIX YT WXEVXMRK [MXL *EZSVMXIW JSPPS[IH F] E PMWX SJ VIGIRX JVIUYIRX GSRXEGX *VSQ LIVI ]SY GER GEPP SV GSRXEGX ER] SJ XLI IRXVMIW FEWIH SR XLI WEZIH MRJSVQEXMSR SV QEREKI ]SYV PMWX *SV EHHMXMSREP STXMSRW XSYGL XLI 1IRY /I] XS WIPIGX 2I[ KVSYT 7IRH 7LEVI SV (IPIXI 8S EHH E 'SRXEGX XS ]SYV PMWX SJ JEZSVMXIW 8SYGL XLI 'SRXEGXW XEF ERH XLIR XLI 'SRXEGX IRXV] ]SY [ERX XS EHH XS ]SYV *EZSVMXIW 8
)RXIVXEMRQIRX 'EQIVE 8S STIR XLI 'EQIVE ETTPMGEXMSR XSYGL XLI %TTW /I] " 'EQIVE +IXXMRK XS ORS[ XLI ZMI[wRHIV &VMKLXRIWW i (IwRIW ERH GSRXVSPW SJ XLI EQSYRX SJ WYRPMKLX IRXIVMRK XLI PIRW 7PMHI XLI FVMKLXRIWW MRHMGEXSV EPSRK XLI FEV XS[EVH q r JSV E PS[IV FVMKLXRIWW MQEKI SV XS[EVH q r JSV E LMKLIV FVMKLXRIWW MQEKI >SSQ i >SSQ MR SV ^SSQ SYX 8LI :SPYQI /I]W [MPP EPWS EHNYWX XLI ^SSQ 7[ET 'EQIVE i %PPS[W ]SY XS W[ET FIX[IIR XLI FEGO GEQIVE ERH XLI JVSRX JEGMRK GEQIVE :MHIS QSH
)RXIVXEMRQIRX 4LSXS STXMSRW =SY GER QEOI EHNYWXQIRXW XS STXMQM^I ]SYV WLSX 8LI JSPPS[MRK STXMSRW EVI EZEMPEFPI -QEKI WM^I 1 < 1 < 1 < 1 < :+% < 5:+% < 7GIRI QSHI %HNYWX JSV FIXXIV MQEKI GETXYVI MR HMJJIVIRX IRZMVSRQIRXW 'LSSWI JVSQ %YXS 4SVXVEMX 0ERHWGETI 7TSVXW 2MKLX ERH 7YRWIX -73 'SRXVSPW XLI GEQIVEtW WIRWMXMZMX] XS PMKLX 'LSSWI JVSQ %YXS ;LMXI FEPERGI -QTVSZIW GSPSV UYEPMXMIW YRHIV HMJJIVIRX PMKLXMRK G
)RXIVXEMRQIRX 9WMRK XLI JSGYW QSHI =SY GER WIPIGX JVSQ XLI JSPPS[MRK JSGYW STXMSRW %YXS 7IXW XLI GEQIVE XS JSGYW EYXSQEXMGEPP] 1EGVS 7IXW XLI GEQIVE XS FI EFPI XS XEOI I\XVIQI GPSWI YTW -J ]SY EVI XV]MRK XS XEOI E GPSWI YT WLSX FYX XLI JSGYW FS\ VIQEMRW VIH XV] XYVRMRK XLI 1EGVS QSHI SR *EGI XVEGOMRK 7IXW XLI GEQIVE XS HIXIGX ERH JSGYW SR LYQER JEGIW EYXSQEXMGEPP] 1ERYEP 7IXW XLI GEQIVE XS JSGYW QERYEPP] 8EOMRK E UYMGO TLSXS 3TIR XLI 'EQIVE ETTPMGEXMSR ,SPHMRK XLI TLSRI LSVM^SRXEPP]
)RXIVXEMRQIRX 8LI JSPPS[MRK STXMSRW EVI EZEMPEFPI EJXIV XEOMRK E TLSXS 7LEVI SYGL XS WLEVI ]SYV TLSXS YWMRK &PYIXSSXL )QEMP *EGIFSSO 8 JSV 0+ +QEMP 1IWWEKMRK 4MGEWE 8[MXXIV JSV 0+ SV ER] SXLIV ETTPMGEXMSR ]SYtZI HS[RPSEHIH XLEX WYTTSVXW XLMW JIEXYVI 7IX EW 8SYGL XS YWI XLI MQEKI EW E 'SRXEGX MGSR SV ;EPPTETIV 6IREQI 8SYGL XS IHMX XLI REQI SJ XLI WIPIGXIH TMGXYVI 8SYGL XS HIPIXI XLI MQEKI XLIR XSYGL 3/ XS GSRwVQ 8SYGL XS XEOI ERSXLIV TLSXS MQQIHMEXIP] =SYV GYVVIRX TLSXS [MPP FI
)RXIVXEMRQIRX :MHIS 'EQIVE 8S STIR XLI :MHIS 'EQIVE XSYGL XLI %TTW /I] 'EQIVE QSHI MGSR HS[R JSV :MHIS QSHI " 'EQIVE 7PMHI XLI +IXXMRK XS ORS[ XLI ZMI[wRHIV &VMKLXRIWW i (IwRIW ERH GSRXVSPW SJ XLI EQSYRX SJ WYRPMKLX IRXIVMRK XLI PIRW 7PMHI XLI FVMKLXRIWW MRHMGEXSV EPSRK XLI FEV XS[EVH q r JSV E PS[IV FVMKLXRIWW ZMHIS SV XS[EVH q r JSV E LMKLIV FVMKLXRIWW :MHIS >SSQ i >SSQ MR SV ^SSQ SYX 8LI :SPYQI /I]W [MPP EPWS WIX XLI ^SSQ 7IX XLI ^SSQ FIJSVI WXEVXMRK E ZMHIS =SY GERRSX GLERKI XLI ^S
)RXIVXEMRQIRX 6IGSVHMRK E UYMGO ZMHIS 3TIR XLI 'EQIVE ETTPMGEXMSR 7PMHI XLI 'EQIVE QSHI MGSR HS[R XS GLERKI XS :MHIS QSHI 8LI 'EQIVE QSHI MGSR GLERKIW XS ERH XLI 'ETXYVI FYXXSR GLERKIW XS 8LI :MHIS GEQIVEtW ZMI[wRHIV [MPP ETTIEV SR XLI WGVIIR ,SPHMRK XLI TLSRI LSVM^SRXEPP] TSMRX XLI PIRW XS[EVH XLI WYFNIGX SJ XLI ZMHIS 8SYGL XLI 'ETXYVI FYXXSR SRGI XS WXEVX VIGSVHMRK 6)' [MPP ETTIEV EX XLI FSXXSQ SJ XLI ZMI[wRHIV [MXL E XMQIV WLS[MRK XLI PIRKXL SJ XLI ZMHIS 8SYGL
)RXIVXEMRQIRX =SYV 4LSXSW ERH :MHISW %HNYWXMRK XLI ZSPYQI [LIR ZMI[MRK E ZMHIS 8S EHNYWX XLI ZSPYQI SJ E ZMHIS [LMPI MX MW TPE]MRK YWI XLI :SPYQI /I]W SR XLI VMKLX WMHI SJ XLI TLSRI 7IXXMRK E TLSXS EW [EPPTETIV 8SYGL XLI TLSXS ]SY [ERX XS WIX EW [EPPTETIV XS STIR MX 8SYGL 1IRY EX XLI FSXXSQ SJ XLI WGVIIR XS STIR XLI 3TXMSRW QIRY -J 1IRY HMWETTIEVW XSYGL XLI WGVIIR XS VIHMWTPE] MX 8SYGL 1SVI " 7IX EW " ;EPPTETIV 'VST XLI TLSXS MJ RIGIWWEV] XLIR XSYGL 7EZI +EPPIV] 3TIRMRK +EPPIV] ER
)RXIVXEMRQIRX # 8SYGL ER EPFYQ XS STIR MX ERH ZMI[ MXW GSRXIRXW 8LI TMGXYVIW ERH ZMHISW MR XLI EPFYQ EVI HMWTPE]IH MR GLVSRSPSKMGEP SVHIV I\GITX JVSQ 'EQIVE # 8SYGL E TMGXYVI SV ZMHIS MR ER EPFYQ XS ZMI[ MX # 6IXYVR XS XLI QEMR +EPPIV] WGVIIR EX ER] XMQI F] XSYGLMRK EX XLI XST PIJX SJ XLI WGVIIR ;SVOMRK [MXL %PFYQW %PFYQW EVI KVSYTW SJ MQEKIW ERH ZMHISW MR JSPHIVW SR ]SYV QMGVS7( GEVH ERH MRXIVREP QIQSV] SV MR 4MGEWE [IF EPFYQW 8S STIR ER EPFYQ ERH ZMI[ MXW GSRXIRXW # 8SYGL XLI %T
)RXIVXEMRQIRX # 8LI HEXI SJ XLI MQEKIW MR ZMI[ MW HMWTPE]IH WS ]SY GER WGVSPP F] HEXI # =SY GER EPWS WGVSPP XLVSYKL ER EPFYQ F] W[MTMRK XLI WGVIIR PIJX SV VMKLX 8S GLERKI LS[ XLI GSRXIRXW SJ ER EPFYQ EVI HMWTPE]IH =SY GER ZMI[ XLI MQEKIW ERH ZMHISW MR ]SYV EPFYQW MR E GLVSRSPSKMGEP KVMH I\GITX JVSQ 'EQIVE SV MR WXEGOW WSVXIH F] XLI HEXI ERH XLI PSGEXMSR [LIVI XLI] [IVI XEOIR =SY W[MXGL EPFYQ ZMI[W [MXL XLI %PFYQ :MI[ W[MXGL EX XLI XST VMKLX SJ XLI WGVIIR # (VEK XLI %PFYQ :MI[ W[MXGL XLI
)RXIVXEMRQIRX 8S ;SVO [MXL &EXGLIW SJ 4MGXYVIW SV :MHISW -R EHHMXMSR XS [SVOMRK [MXL [LSPI EPFYQW ERH [MXL MRHMZMHYEP TMGXYVIW ]SY GER WIPIGX SRI SV QSVI TMGXYVIW SV ZMHISW MR ER EPFYQ XS [SVO SR XLIQ MR FEXGLIW *SV I\EQTPI XS WIRH E JI[ TMGXYVIW JVSQ ER EPFYQ XS E JVMIRH 8SYGL XLI %TTW /I] " +EPPIV] 3TIR XLI EPFYQ XLEX GSRXEMRW XLI TMGXYVIW ERH ZMHISW ]SY [ERX XS [SVO [MXL EW E FEXGL 8SYGL XLI 1IRY /I] 8SYGL XLI TMGXYVIW ]SY [ERX XS [SVO [MXL XS GLIGOQEVO XLIQ 8SYGL E GL
)RXIVXEMRQIRX 8S HIPIXI ER EPFYQ =SY GER HIPIXI ER EPFYQ ERH MXW GSRXIRXW JVSQ ]SYV QMGVS7( GEVH ERH MRXIVREP QIQSV] 8SYGL XLI %TTW /I] " +EPPIV] 8SYGL XLI 1IRY /I] 'LIGOQEVO SV YRGLIGOQEVO XLI EPFYQ W ]SY [ERX XS HIPIXI 8SYGL (IPIXI EX XLI FSXXSQ GIRXIV SJ XLI WGVIIR 8SYGL 'SRwVQ (IPIXI MR XLI TST YT QIRY ;SVOMRK [MXL 4MGXYVIW 9WI +EPPIV] XS ZMI[ TMGXYVIW XLEX ]SYtZI XEOIR [MXL XLI 'EQIVE ETTPMGEXMSR HS[RPSEHIH GSTMIH SRXS ]SYV QMGVS7( GEVH ERH MRXIVREP QIQSV] SV XLEX
)RXIVXEMRQIRX # ;LIR XLI TMGXYVI MW ^SSQIH XS wX MR XLI [MRHS[ HVEK PIJX SV VMKLX XS ZMI[ XLI RI\X SV TVIZMSYW TMGXYVI MR XLI EPFYQ 8S [EXGL E WPMHIWLS[ SJ ]SYV TMGXYVIW # ;LIR ZMI[MRK E TMGXYVI XSYGL XLI WGVIIR XS ZMI[ XLI GSRXVSP FYXXSRW XLIR XSYGL 7PMHIWLS[ # 8SYGL XLI WGVIIR SV XSYGL XLI &EGO /I] XS IRH XLI WPMHIWLS[ 8S VSXEXI E TMGXYVI 8SYGL E TMGXYVI ]SY [ERX XS VSXEXI XLIR XSYGL 1IRY 8SYGL 1SVI % QIRY STIRW [MXL XSSPW JSV [SVOMRK [MXL XLI TMGXYVI 8SYGL 6SXEXI 0IJX SV
)RXIVXEMRQIRX 8S GVST E TMGXYVI =SY GER GVST ERH WEZI TMGXYVIW XLEX EVI WXSVIH SR ]SYV QMGVS7( GEVH ERH MRXIVREP QIQSV] 8SYGL XLI TMGXYVI ]SY [ERX XS GVST XLIR XSYGL 1IRY 8SYGL 1SVI 8SYGL 'VST 8LI GVSTTMRK FS\ ETTIEVW SR XST SJ XLI TMGXYVI 9WI XLI GVSTTMRK FS\ XS WIPIGX XLI TSVXMSR SJ XLI TMGXYVI XS OIIT XLI VIWX SJ XLI TLSXS [MPP FI HMWGEVHIH # (VEK JVSQ XLI MRWMHI SJ XLI GVSTTMRK FS\ XS QSZI MX # (VEK ER IHKI SJ XLI GVSTTMRK FS\ XS VIWM^I MX XS ER] TVSTSVXMSR # (VEK E GSVRI
)RXIVXEMRQIRX 8S WLEVI E TMGXYVI =SY GER WLEVI E TMGXYVI F] WIRHMRK MX XS JVMIRHW SV TSWXMRK MX MR E 4MGEWE [IF EPFYQ 8SYGL XLI TMGXYVI ]SY [ERX XS WLEVI XLIR XSYGL 1IRY 8SYGL 7LEVI -R XLI QIRY XLEX STIRW XSYGL XLI ETTPMGEXMSR XS YWI XS WLEVI XLI WIPIGXIH TMGXYVI )RXIV XLI RIGIWWEV] MRJSVQEXMSR ERH WLEVI MX 8S HIPIXI E TMGXYVI =SY GER HIPIXI E TMGXYVI JVSQ ]SYV QMGVS7( GEVH ERH MRXIVREP QIQSV] 8SYGL XLI TMGXYVI ]SY [ERX XS HIPIXI XLIR XSYGL 1IRY 8SYGL (IPIXI XLIR XSYGL 'SRwVQ
)RXIVXEMRQIRX 8S WLEVI E ZMHIS =SY GER WLEVI ]SYV ZMHISW MR E ZEVMIX] SJ [E]W MRGPYHMRK WIRHMRK MX F] IQEMP SV QYPXMQIHME QIWWEKI 117 SV ZME E &PYIXSSXL HIZMGI =SY IZIR LEZI XLI STXMSR XS WLEVI ]SYV ZMHISW TYFPMGP] F] YTPSEHMRK MX XS XLI =SY8YFI81 [IFWMXI 8SYGL XLI %TTW /I] " +EPPIV] XLIR XSYGL ER EPFYQ ;LMPI ZMI[MRK ER EPFYQ XSYGL XLI 1IRY /I] 8SYGL XS GLIGOQEVO XLI ZMHISW ]SY [MWL XS WLEVI 8SYGL 7LEVI -R XLI QIRY XLEX STIRW XSYGL XLI ETTPMGEXMSR ]SY [SYPH PMOI XS
)RXIVXEMRQIRX 1EVOIX 3TIRMRK %RHVSMH 1EVOIX ERH *MRHMRK %TTPMGEXMSRW 3TIR %RHVSMH 1EVOIX XS FVS[WI ERH WIEVGL JSV JVII ERH TEMH ETTPMGEXMSRW 8S STIR XLI %RHVSMH 1EVOIX ETTPMGEXMSR # 8SYGL XLI %TTW /I] " 1EVOIX ;LIR ]SY STIR %RHVSMH 1EVOIX ETTPMGEXMSR JSV XLI wVWX XMQI ]SY QYWX VIEH ERH EGGITX XLI XIVQW SJ WIVZMGI XS GSRXMRYI 8S KIX LIPT [MXL %RHVSMH 1EVOIX %RHVSMH 1EVOIX ,IPT [IFTEKIW EVI EZEMPEFPI JVSQ EPP %RHVSMH 1EVOIX WGVIIRW # 8SYGL XLI 1IRY /I] " ,IPT 8LI &VS[WIV ETTP
)RXIVXEMRQIRX 8S FVS[WI JSV ETTPMGEXMSRW =SY GER FVS[WI ETTPMGEXMSRW F] GEXIKSV] ERH WSVX XLIQ MR HMJJIVIRX [E]W 3R XLI %RHVSMH 1EVOIX LSQI TEKI XSYGL E XST PIZIP GEXIKSV] 8LIWI EVI HMWTPE]IH EW XEF FYXXSRW RIEV XLI XST SJ XLI WGVIIR ERH MRGPYHI %TTW +EQIW ERH :IVM^SR 7GVSPP XS ZMI[ WYFGEXIKSVMIW ERH XSYGL XLI SRI ]SY [ERX XS I\TPSVI 8SYGL ER ETTPMGEXMSR XS STIR MXW HIXEMPW WGVIIR SV JYVXLIV WSVX XLI WYFGEXIKSV] F] XSYGLMRK 8ST TEMH 8ST JVII SV .
)RXIVXEMRQIRX 8S STIR E WGVIIR [MXL HIXEMPW EFSYX ER ETTPMGEXMSR # %X ER] XMQI [LMPI FVS[WMRK %RHVSMH 1EVOIX XSYGL ER ETTPMGEXMSR XS STIR MXW HIXEMPW WGVIIR 8LI %TTPMGEXMSR HIXEMPW WGVIIRW MRGPYHI E HIWGVMTXMSR VEXMRKW GSQQIRXW ERH VIPEXIH MRJSVQEXMSR EFSYX XLI ETTPMGEXMSR *VSQ XLMW WGVIIR ]SY GER HS[RPSEH MRWXEPP YRMRWXEPP ERH VEXI XLI ETTPMGEXMSR ERH QSVI 8S WIEVGL JSV ETTPMGEXMSRW 8SYGL EX XLI XST VMKLX SJ XLI WGVIIR SV XSYGL XLI 7IEVGL /I] )RXIV EPP SV TEVX SJ ER ET
)RXIVXEMRQIRX 8SYGL XLI 1IRY /I] " 7IGYVMX] XS TVIZMI[ XLI JYRGXMSRW ERH HEXE XLI ETTPMGEXMSR GER EGGIWW SR ]SYV TLSRI MJ ]SY MRWXEPP MX -J ]SYtVI RSX GSQJSVXEFPI [MXL XLI EGGIWW XLI ETTPMGEXMSR VIUYMVIW HSRtX GSRXMRYI 8SYGL *VII JSV JVII ETTPMGEXMSRW SV &Y] JSV TEMH ETTPMGEXMSRW -J XLI ETTPMGEXMSR VIUYMVIW EGGIWW XS ]SYV HEXE SV GSRXVSP SJ ER] JYRGXMSRW SR ]SYV TLSRI 1EVOIX XIPPW ]SY [LEX XLI ETTPMGEXMSR GER EGGIWW ;%62-2+ 6IEH XLMW WGVIIR GEVIJYPP] &I IWTIGMEPP] GEYXMSYW
)RXIVXEMRQIRX -J ]SY LEZI ERSXLIV %RHVSMH81 TLSRI ]SY GER HS[RPSEH E TEMH ETTPMGEXMSR XS XLEX TLSRI YWMRK XLI WEQI %RHVSMH 1EVOIX EGGSYRX EX RS EHHMXMSREP GLEVKI 8S GVIEXI E +SSKPI 'LIGOSYX EGGSYRX =SY QYWX LEZI E +SSKPI 'LIGOSYX EGGSYRX EWWSGMEXIH [MXL ]SYV +SSKPI %GGSYRX XS TYVGLEWI MXIQW JVSQ %RHVSMH 1EVOIX # 3R ]SYV GSQTYXIV KS XS LXXT GLIGOSYX KSSKPI GSQ XS IWXEFPMWL E +SSKPI 'LIGOSYX EGGSYRX 36 # 8LI wVWX XMQI ]SY YWI ]SYV TLSRI XS FY] ER MXIQ JVSQ %RHVSMH 1EVOIX ]SYtVI TVS
)RXIVXEMRQIRX 1YWMG 8VERWJIVVMRK 1YWMG *MPIW XS =SYV 4LSRI 8LI 1YWMG ETTPMGEXMSR TPE]W EYHMS wPIW XLEX EVI WXSVIH SR ]SYV TLSRItW QMGVS7( GEVH 'ST] EYHMS wPIW JVSQ ]SYV GSQTYXIV SRXS XLI QMGVS7( GEVH FIJSVI ]SY STIR XLI 1YWMG ETTPMGEXMSR 8LI 1YWMG ETTPMGEXMSR WYTTSVXW EYHMS wPIW MR RYQIVSYW JSVQEXW MRGPYHMRK 14 1 % (61 JVII %%' wPIW JVSQ M8YRIW %16 1-(- ERH 3++ :SVFMW 238) 8LI 0+ 97& HVMZIV RIIHW XS FI MRWXEPPIH SR ]SYV 4' FIJSVI GSRRIGXMRK ]SYV TLSRI XS XVERWJIV QYWMG 8S GST] QYWM
)RXIVXEMRQIRX 3TIRMRK 1YWMG ERH ;SVOMRK [MXL =SYV 0MFVEV] %JXIV ]SYtZI GSTMIH WSQI QYWMG SRXS ]SYV QMGVS7( GEVH ]SY GER STIR XLI 1YWMG ETTPMGEXMSR ERH WII ]SYV PMFVEV] SJ QYWMG wPIW WSVXIH MR SRI SJ JSYV [E]W 8S STIR 1YWMG ERH ZMI[ ]SYV QYWMG PMFVEV] # 8SYGL XLI %TTW /I] " 1YWMG 8LI 1YWMG ETTPMGEXMSR WIEVGLIW XLI QMGVS7( GEVH JSV QYWMG wPIW ]SY GSTMIH XS ]SYV GEVH XLIR FYMPHW E GEXEPSK SJ ]SYV QYWMG FEWIH SR XLI MRJSVQEXMSR GSRXEMRIH MR IEGL QYWMG wPI 8LMW GER XEOI JVSQ E JI[ WIGSRH
)RXIVXEMRQIRX 8S HIPIXI E WSRK JVSQ XLI QMGVS7( GEVH =SY GER HIPIXI QYWMG JVSQ XLI WXSVEKI GEVH # 8SYGL ERH LSPH E WSRK MR E PMFVEV] PMWX -R XLI QIRY XLEX STIRW XSYGL (IPIXI 36 # 3R XLI 4PE]FEGO WGVIIR XSYGL XLI 1IRY /I] " (IPIXI =SY GER EPWS HIPIXI QYWMG wPIW JVSQ XLI QMGVS7( GEVH [LIR ]SYV TLSRI MW GSRRIGXIH XS XLI GSQTYXIV 8S HS XLMW FVS[WI JSV XLI QYWMG wPIW ]SY [MWL XS HIPIXI ERH HIPIXI XLIQ JVSQ XLI JSPHIV 4PE]MRK 1YWMG =SY GER PMWXIR XS QYWMG YWMRK XLI TLSRItW FYMPX MR W
)RXIVXEMRQIRX =SY GER VIXYVR XS XLI 4PE]FEGO WGVIIR JVSQ QSWX SXLIV WGVIIRW MR XLI 1YWMG ETTPMGEXMSR F] XSYGLMRK XLI GYVVIRXP] TPE]MRK WSRK EX XLI FSXXSQ SJ XLI WGVIIR =SY GER VIXYVR XS XLI 4PE]FEGO WGVIIR JVSQ ER] SXLIV ETTPMGEXMSR F] STIRMRK XLI 2SXMwGEXMSRW TERIP ERH XSYGLMRK XLI SRKSMRK QYWMG RSXMwGEXMSR 8S GSRXVSP TPE]FEGO 8LI 4PE]FEGO WGVIIR GSRXEMRW WIZIVEP MGSRW XLEX ]SY GER XSYGL XS GSRXVSP XLI TPE]FEGO SJ WSRKW EPFYQW ERH TPE]PMWXW 8SYGL XS TEYWI TPE]FEGO 8SYGL XS VIWYQI TPE]
)RXIVXEMRQIRX 8S GSRXVSP TPE]FEGO ZSPYQI -R EHHMXMSR XS XLI XIGLRMUYIW JSV WIXXMRK QIHME ZSPYQI ]SY GER GSRXVSP XLI ZSPYQI SJ QYWMG MR XLI 1YWMG ETTPMGEXMSR # 4VIWW XLI TLSRItW YT HS[R :SPYQI /I]W % TERIP STIRW XS WLS[ XLI GYVVIRX QIHME ZSPYQI 7SQI LIEHWIXW MRGPYHI XLIMV S[R ZSPYQI GSRXVSPW SV [E]W XS TEYWI ERH VIWYQI TPE]FEGO SV XS WOMT XVEGOW 8S TPE] ]SYV XVEGOW MR E TEVX] WLYJxI ;LIR ]SY XYVR SR 4EVX] 7LYJxI XLI 1YWMG ETTPMGEXMSR TPE]W XVEGOW JVSQ ]SYV QMGVS7( GEVH MR VERHSQ SVHIV YRXMP 4E
)RXIVXEMRQIRX 0ERHWGETI ZMI[ ;LIR LSPHMRK XLI TLSRI MR PERHWGETI SVMIRXEXMSR XLI 1YWMG ETTPMGEXMSR WGVIIR GLERKIW XS wX XLI WGVIIR EW WLS[R FIPS[ *PMGO PIJX SV VMKLX XS ZMI[ QYWMG 4PE] %PFYQ PMWXW 8S YWI E WSRK EW E VMRKXSRI =SY GER YWI E WSRK EW ]SYV TLSRI VMRKXSRI MR TPEGI SJ SRI SJ XLI VMRKXSRIW XLEX GSQI [MXL XLI TLSRI # 8SYGL ERH LSPH E WSRK MR E 0MFVEV] PMWX -R XLI QIRY XLEX STIRW XSYGL 9WI EW VMRKXSRI 36 # 3R XLI 4PE]FEGO WGVIIR XSYGL XLI 1IRY /I] VMRKXSRI " 1SVI " 9WI EW
)RXIVXEMRQIRX =SY GER EPWS EHH XLI WSRK XLEX MW TPE]MRK MR XLI 4PE]FEGO WGVIIR EW XLI wVWX WSRK MR E TPE]PMWX F] XSYGLMRK XLI 1IRY /I] " %HH XS TPE]PMWX SV XSYGLMRK 7EZI EW TPE]PMWX XS WEZI EPP XLI WSRKW MR XLI GYVVIRX TPE]PMWX EW E TPE]PMWX 8S EHH E WSRK XS E TPE]PMWX ;LMPI ZMI[MRK E PMWX SJ XVEGOW MR XLI 0MFVEV] XSYGL ERH LSPH E WSRK XS HMWTPE] ER 3TXMSRW QIRY 8SYGL %HH XS TPE]PMWX 8SYGL XLI REQI SJ XLI TPE]PMWX XS EHH XLI WSRK XS =SY GER EPWS EHH XLI WSRK XLEX MW TPE]MRK MR XLI 4
)RXIVXEMRQIRX 7QEVX7LEVI 7QEVX7LEVI YWIW (02% (MKMXEP 0MZMRK 2IX[SVO %PPMERGI XIGLRSPSK] XS WLEVI HMKMXEP GSRXIRX XLVSYKL E [MVIPIWW RIX[SVO &SXL HIZMGIW QYWX FI (02% GIVXMwIH XS WYTTSVX XLMW JIEXYVI 8S XYVR 7QEVX7LEVI SR ERH EPPS[ WLEVMRK GSRXIRXW 8SYGL XLI %TTW /I] " 7IXXMRKW 7QEVX7LEVI WIXXMRKW " ;MVIPIWW RIX[SVOW " 8SYGL 7QEVX7LEVI XS GLIGOQEVO ERH XYVR XLI JYRGXMSR SR # 8SYGL %P[E]W EPPS[ VIUYIWXW MJ ]SY [SYPH PMOI XS EYXSQEXMGEPP] EGGITX WLEVMRK VIUYIWXW JVSQ SXLIV HIZMGIW
)RXIVXEMRQIRX 8S WLEVI GSRXIRXW JVSQ ]SYV TLSRI XS ]SYV VIRHIVIV HIZMGI I K 8: 238) 1EOI WYVI XLEX ]SYV VIRHIVIV HIZMGI MW TVSTIVP] GSRwKYVIH ;LMPI FVS[WMRK ]SYV TMGXYVIW SV ZMHISW YWMRK XLI +EPPIV] ETTPMGEXMSR XSYGL ERH LSPH XS WIPIGX wPIW 8LIR ]SY [MPP FI EFPI XS WIPIGX QYPXMTPI wPIW XS FI WLEVIH 8SYGL 7LEVI SR XLI QIRY ERH WIPIGX 7QEVX7LEVI 7QEVX7LEVI MW EYXSQEXMGEPP] PEYRGLIH [MXL XLI WIPIGXIH wPIW 8SYGL XLI XST VMKLX FYXXSR XS WIPIGX XLI HIZMGI JVSQ VIRHIVIV PMWXW 8SYGL
)RXIVXEMRQIRX :MHIS TPE]IV =SY GER TPE] E [MHI ZEVMIX] SJ ZMHISW YWMRK XLI :MHIS TPE]IV 8LI ZMHIS TPE]IV WYTTSVXW XLI JSPPS[MRK wPI JSVQEXW KT QT EZM [QZ QSZ QOZ 'SHIG 14)+ , 7SVIRWSR , , :' (MZ<
)RXIVXEMRQIRX =SY8YFI81 3TIRMRK =SY8YFI ERH ;EXGLMRK :MHISW =SY GER FVS[WI WIEVGL JSV ZMI[ YTPSEH ERH VERO =SY8YFI ZMHISW SR ]SYV TLSRI [MXL XLI =SY8YFI ETTPMGEXMSR 8S STIR XLI =SY8YFI ETTPMGEXMSR # 8SYGL XLI %TTW /I] " =SY8YFI 8SYGL E ZMHIS XS [EXGL MX SV XSYGL XS XEOI SXLIV EGXMSRW SR XLI ZMHIS
)RXIVXEMRQIRX 8S [EXGL ERH MRXIVEGX [MXL =SY8YFI ZMHISW # 8SYGL E ZMHIS XS TPE] MX # 8SYGL XLI WGVIIR XS ZMI[ XLI 4PE]FEGO GSRXVSPW =SY GER TEYWI ERH TPE] XLI ZMHIS SV HVEK XLI WPMHIV XS XLI TSMRX MR XLI ZMHIS ]SY [ERX XS [EXGL # 8SYGL XLI &EGO /I] XS WXST TPE]FEGO ERH VIXYVR XS XLI ZMHISW PMWX # 8SYGL XLI 1IRY /I] JSV XLI JSPPS[MRK STXMSRW ,SQI &VS[WI 7IEVGL 1] 'LERRIP 9TPSEH ERH 7IXXMRKW *SV HIXEMPW EFSYX XLIWI JIEXYVIW ZMWMX XLI =SY8YFI [IFWMXI 8S WIEVGL JSV ZMHISW
)RXIVXEMRQIRX 8S WLEVI ]SYV ZMHISW SR =SY8YFI =SY GER VIGSVH ERH WLEVI E ZMHIS YWMRK XLI =SY8YFI ETTPMGEXMSR *MVWX ]SY QYWX GVIEXI E =SY8YFI EGGSYRX ERH WMKR MRXS MX SR ]SYV TLSRI =SY GER EPWS WLEVI XLI ZMHISW ]SY VIGSVH [MXL XLI 'EQIVE ETTPMGEXMSR F] YTPSEHMRK XLIQ XS =SY8YFI 8SYGL EX XLI XST VMKLX SJ QEMR =SY8YFI WGVIIR -J ]SY [ERX XS WIX ER] GSRwKYVEXMSRW QERYEPP] XSYGL XLI WGVIIR XS STIR XLI ZMHIS GEQIVE WIXXMRKW 4SMRX XLI PIRW XS JVEQI XLI WGIRI [LIVI ]SY [ERX XS WXEVX 8SYGL
)RXIVXEMRQIRX :SMGI 6IGSVHIV 8LI :SMGI 6IGSVHIV ETTPMGEXMSR VIGSVHW EYHMFPI wPIW JSV ]SY XS YWI MR E ZEVMIX] SJ [E]W 9WI XLIQ WMQTP] XS VIQMRH ]SY EFSYX WSQIXLMRK ]SY HSRtX [ERX XS JSVKIX PMOI E KVSGIV] PMWX SV VIGSVH WSYRH IJJIGXW XLEX ]SY GER EXXEGL XS E QIWWEKI SV WIX EW E VMRKXSRI JSV GEPPW 6IGSVH E :SMGI 1IQS 8SYGL XLI %TTW /I] " :SMGI 6IGSVHIV 8SYGL 6IGSVH XS WXEVX VIGSVHMRK 7TIEO MRXS XLI QMGVSTLSRI ;LIR ]SYtVI wRMWLIH XSYGL 7XST 8LI VIGSVHMRK MW EYXSQEXMGEPP] WEZIH
8SSPW 'EPIRHEV :MI[MRK =SYV 'EPIRHEV ERH )ZIRXW 3TIR XLI 'EPIRHEV ETTPMGEXMSR XS ZMI[ IZIRXW ]SYtZI GVIEXIH SV XLEX SXLIVW LEZI MRZMXIH ]SY XS ;LIR ]SY wVWX WIX YT ]SYV TLSRI ]SY GSRwKYVIH MX XS YWI ER I\MWXMRK +SSKPI %GGSYRX SV ]SY GVIEXIH E RI[ EGGSYRX 8LI wVWX XMQI ]SY STIR XLI 'EPIRHEV ETTPMGEXMSR SR ]SYV TLSRI MX HMWTPE]W ER] I\MWXMRK GEPIRHEV IZIRXW JVSQ ]SYV +SSKPI %GGSYRX SR XLI [IF =SY GER EHH EHHMXMSREP EGGSYRXW [MXL +SSKPI 'EPIRHEV SV 1MGVSWSJX )\GLERKI GEPIRHEVW XS ]SYV TLSRI ERH GSR
8SSPW ;SVOMRK MR %KIRHE :MI[ %KIRHE ZMI[ MW E PMWX SJ ]SYV IZIRXW MR GLVSRSPSKMGEP SVHIV %PP HE] ERH QYPXM HE] IZIRXW EVI PMWXIH EX XLI WXEVX SJ IEGL HE] 8S W[MXGL XS %KIRHE ZMI[ # 8SYGL XLI %KIRHE XEF EFSZI XLI GEPIRHEV 8S PIEVR QSVI EFSYX IZIRXW MR %KIRHE ZMI[ # 8SYGL ER IZIRX % WGVIIR [MXL HIXEMPW EFSYX XLI IZIRX STIRW
8SSPW ;SVOMRK MR (E] :MI[ (E] ZMI[ HMWTPE]W E GLEVX SJ XLI IZIRXW SJ SRI HE] MR E XEFPI SJ SRI LSYV VS[W 8LI GYVVIRX XMQI [MPP FI LMKLPMKLXIH %PP HE] ERH QYPXM HE] IZIRXW EVI HMWTPE]IH EX XLI XST 4EVX SJ XLI XMXPI SJ IEGL IZIRX MW HMWTPE]IH MR XLI VS[W XLEX GSVVIWTSRH XS [LIR MX SGGYVW 8S W[MXGL XS (E] ZMI[ # 8SYGL XLI (E] XEF EFSZI XLI GEPIRHEV 8S PIEVR QSVI EFSYX IZIRXW MR (E] ZMI[ # 8SYGL ER IZIRX XS ZMI[ MXW HIXEMPW # 8SYGL ERH LSPH ER IZIRX XS STIR ER 3TXMSRW QIRY XS ZMI[ IHMX SV
8SSPW ;SVOMRK MR ;IIO :MI[ ;IIO ZMI[ HMWTPE]W E GLEVX SJ XLI IZIRXW SJ SRI [IIO %PP HE] ERH QYPXM HE] IZIRXW EVI HMWTPE]IH EX XLI XST 8S W[MXGL XS ;IIO ZMI[ # 8SYGL XLI ;IIO XEF EFSZI XLI GEPIRHEV 8S PIEVR QSVI EFSYX IZIRXW MR ;IIO ZMI[ # 8SYGL ER IZIRX XS ZMI[ MXW HIXEMPW # 8SYGL ERH LSPH ER IZIRX XS STIR ER STXMSRW QIRY XS ZMI[ IHMX SV HIPIXI XLI IZIRX %PWS EPPS[W ]SY XS GVIEXI ERSXLIV RI[ IZIRX MR XLI WEQI XMQI WPSX JSV NYKKPMRK QYPXMTPI IZIRXW 8S EHH ER IZIRX MR ;IIO ZMI[ # 8SYGL
8SSPW ;SVOMRK MR 1SRXL :MI[ 1SRXL ZMI[ HMWTPE]W E GLEVX SJ XLI IZIRXW SJ XLI QSRXL 7IKQIRXW SJ IEGL HE] [MXL WGLIHYPIH IZIRXW EVI KVIIR MR XLI HE]tW ZIVXMGEP FEV 8S W[MXGL XS 1SRXL ZMI[ # 8SYGL XLI 1SRXL XEF EFSZI XLI GEPIRHEV 8S ZMI[ QSVI MRJSVQEXMSR EFSYX IZIRXW MR 1SRXL ZMI[ # 8SYGL E HE] XS HMWTPE] XLI IZIRXW FIPS[ XLI GEPIRHEV =SY GER XLIR XSYGL XLI IZIRX XS ZMI[ QSVI MRJSVQEXMSR EFSYX MX
8SSPW :MI[MRK )ZIRX (IXEMPW =SY GER ZMI[ QSVI MRJSVQEXMSR EFSYX ER IZIRX MR E RYQFIV SJ [E]W HITIRHMRK SR XLI GYVVIRX ZMI[ 8S ZMI[ MRJSVQEXMSR EFSYX ER IZIRX # -R %KIRHE (E] SV ;IIO ZMI[ XSYGL ER IZIRX XS ZMI[ MXW HIXEMPW # -R 1SRXL ZMI[ XSYGL E HE] XS HMWTPE] XLI IZIRXW FIPS[ XLI GEPIRHEV 8LIR XSYGL ER IZIRX XS ZMI[ MXW HIXEMPW 8SYGL XLI %XXIRHMRK wIPH XS WIX SV GLERKI [LIXLIV ]SYtPP EXXIRH XLI IZIRX 3XLIV EXXIRHIIWt WXEXYW MW HMWTPE]IH FIPS[ ]SYV S[R 8SYGL XLI 6IQMRHIVW wIPH XS GLERKI
8SSPW 'VIEXMRK ER )ZIRX =SY GER YWI XLI 'EPIRHEV ETTPMGEXMSR SR ]SYV TLSRI XS GVIEXI IZIRXW XLEX ETTIEV SR ]SYV TLSRI ERH MR +SSKPI 'EPIRHEV SR XLI [IF 8S GVIEXI ER IZIRX -R ER] 'EPIRHEV ZMI[ XSYGL XLI 1IRY /I] )ZIRX HIXEMPW WGVIIR JSV E RI[ IZIRX " 2I[ IZIRX XS STIR ER =SY GER EPWS XSYGL ERH LSPH E WTSX MR (E] ;IIO SV 1SRXL ZMI[ -R XLI QIRY XLEX STIRW XSYGL 2I[ IZIRX XS STIR XLI )ZIRX HIXEMPW WGVIIR [MXL XLEX HE] ERH XMQI EPVIEH] IRXIVIH %HH HIXEMPW EFSYX XLI IZIRX )RXIV E REQI
8SSPW )HMXMRK SV HIPIXMRK ER IZIRX =SY GER IHMX SV HIPIXI ER IZIRX XLEX ]SY GVIEXIH SR XLI TLSRI SV SR XLI [IF =SY GER EPWS IHMX SV HIPIXI IZIRXW GVIEXIH F] SXLIVW MJ XLI] LEZI KMZIR ]SY TIVQMWWMSR 8S IHMX ER IZIRX 8SYGL ER IZIRX XS ZMI[ MXW HIXEMPW 8SYGL XLI 1IRY /I] " )HMX IZIRX 8LI )ZIRX (IXEMPW WGVIIR STIRW 8SYGL XLI 1IRY /I] " 7LS[ I\XVE STXMSRW EHHMXMSREP IZIRX HIXEMPW XS EHH SV IHMX 1EOI ]SYV GLERKIW XS XLI IZIRX 8SYGL 7EZI XS WEZI XLI IZIRX 8S HIPIXI ER IZIRX
8SSPW 7IXXMRK ER )ZIRX 6IQMRHIV =SY GER WIX SRI SV QSVI VIQMRHIVW JSV ER IZIRX [LIXLIV SV RSX ]SY GVIEXIH XLI IZIRX SV LEZI TIVQMWWMSR XS IHMX MXW SXLIV HIXEMPW 8S WIX ER IZIRX VIQMRHIV 8SYGL ER IZIRX XS ZMI[ MXW HIXEMPW -J RS VIQMRHIV MW WIX XSYGL QMRYXIW FIJSVI XLI IZIRX XS EYXSQEXMGEPP] EHH E VIQMRHIV JSV -J E VIQMRHIV MW EPVIEH] WIX ]SY GER EHH ER EHHMXMSREP VIQMRHIV F] XSYGLMRK 8SYGL XLI VIQMRHIV wIPH ERH MR XLI HMEPSK FS\ XLEX STIRW XSYGL XLI PIRKXL SJ XMQI FIJSVI XL
8SSPW 'EPGYPEXSV %PPS[W ]SY XS TIVJSVQ WMQTPI QEXLIQEXMGEP GEPGYPEXMSRW 8S STIR ERH YWI XLI 'EPGYPEXSV # 8SYGL XLI %TTW /I] " 'EPGYPEXSV # )RXIV RYQFIVW ERH EVMXLQIXMG STIVEXSVW SR XLI &EWMG TERIP # (VEK XLI &EWMG TERIP XS XLI PIJX XS STIR XLI %HZERGIH TERIP # 8SYGL ERH LSPH XLI 'EPGYPEXSVtW HMWTPE] XS STIR E QIRY [LIVI ]SY GER GST] [LEX ]SYtZI IRXIVIH ERH EGGIWW SXLIV XSSPW # 8SYGL 'PIEV XS HIPIXI XLI PEWX RYQFIV SV STIVEXSV ]SY IRXIVIH 8SYGL ERH LSPH 'PIEV XS HIPIXI EPP
8SSPW %PEVQ 'PSGO =SY YWI XLI 'PSGO ETTPMGEXMSR XS EGGIWW XLI %PEVQ 8MQIV ;SVPH 'PSGO ERH 7XST[EXGL JYRGXMSRW 8S STIR XLI 'PSGO ETTPMGEXMSR # 8SYGL XLI %TTW /I] " %PEVQ 'PSGO 7IXXMRK %PEVQW =SY GER WIX ER EPEVQ F] QSHMJ]MRK ER I\MWXMRK EPEVQ SV F] EHHMRK E RI[ SRI 8S WIX ER EPEVQ 8SYGL 2I[ EPEVQ SV XSYGL ER I\MWXMRK EPEVQ XS GLERKI MXW XMQI ERH SXLIV EXXVMFYXIW XS QSHMJ] MX 8SYGL XLI XMQI XS WIX XLI EPEVQ XMQI XLIR XSYGL 7IX # )RXIV XLI EPEVQ XMQI QERYEPP] F] WGVSPPMRK
8SSPW 8SYGL %PEVQ XSRI XS WIPIGX E VMRKXSRI JSV XLI EPEVQ XLIR XSYGL 3/ 8LI VMRKXSRI TPE]W FVMIx] [LIR ]SY WIPIGX MX 8SYGL 4Y^^PI PSGO SR XS GLIGOQEVO XLI WIXXMRK [LMGL VIUYMVIW ]SY XS [EOI YT IRSYKL XS WSPZI E WMQTPI TY^^PI XS HMWQMWW XLI EPEVQ 8SYGL 0EFIP XS IRXIV E REQI JSV XLI EPEVQ ;LIR ]SYtVI wRMWLIH XSYGL 7EZI 7IXXMRK 8MQIV 8LI 8MQIV GER FI YWIH XS EPIVX ]SY [MXL ER EYHMFPI WMKREP [LIR E WIX EQSYRX SJ XMQI LEW TEWWIH 3TIR XLI 'PSGO ETTPMGEXMSR ERH XSYGL XLI 8MQIV XEF
8SSPW (IWO,SQI ETTPMGEXMSR 8LI (IWO,SQI ETTPMGEXMSR HMWTPE]W E (MKMXEP GPSGO 'EPIRHEV ERH E 7PMHIWLS[ SJ ]SYV WEZIH TLSXSW MR XLI +EPPIV] =SY GER EPWS EGGIWW XLI 1YWMG ETTPMGEXMSR ,(1 238) =SY GER SRP] ZMI[ ]SYV S[R TLSXSW ERH VIGSVHIH ZMHISW [MXLSYX ;1 (61 ERH (MZ< (61 =SY GERRSX ZMI[ :>; WXVIEQMRK GSRXIRXW 8S WIPIGX ER ,(1- JSVQEX XSYGL XLI 1IRY /I] " 7IXXMRKW " 'SRRIGXMZMX] " 6IWSPYXMSR 8S WIX ,(1- XS EYXSQEXMGEPP] WXEVX [LIR XLI ,(1- GEFPI MW GSRRIGXIH XSYGL ,(1- XS GLIGOQEVO XL
8SSPW 4SPEVMW 3JwGI 4SPEVMW 3JwGI MW E TVSJIWWMSREP 1SFMPI 3JwGI 7SPYXMSR [LMGL IREFPIW YWIVW XS GSRZIRMIRXP] ZMI[ SV IHMX ZEVMSYW X]TIW SJ SJwGI HSGYQIRXW MRGPYHMRK ;SVH )\GIP ERH 4S[IV4SMRX wPI I\XIRWMSRW ER][LIVI ER]XMQI YWMRK XLIMV QSFMPI HIZMGI 1EREKMRK *MPIW 4SPEVMW 3JwGI TVSZMHIW QSFMPI YWIVW [MXL XLI GSRZIRMIRGI SJ QEREKMRK wPIW MRGPYHMRK GST]MRK QSZMRK ERH HIPIXMRK wPIW ERH JSPHIVW VMKLX SR XLI HIZMGI :MI[MRK *MPIW 1SFMPI YWIVW RS[ LEZI XLI GSRZIRMIRGI SJ FIMRK EFPI XS ZMI[
7IXXMRKW 7IXXMRKW 3TIRMRK 7IXXMRKW 8LI 7IXXMRKW ETTPMGEXMSR GSRXEMRW QSWX SJ XLI XSSPW JSV GYWXSQM^MRK ERH GSRwKYVMRK ]SYV TLSRI %PP SJ XLI WIXXMRKW MR XLI 7IXXMRKW ETTPMGEXMSR EVI HIWGVMFIH MR XLMW WIGXMSR 8S STIR 7IXXMRKW # *VSQ XLI ,SQI WGVIIR XSYGL XLI 1IRY /I] " 7IXXMRKW 36 # 8SYGL XLI %TTW /I] " 7IXXMRKW 'LERKMRK &VS[WIV WIXXMRKW =SY GER GSRwKYVI E RYQFIV SJ &VS[WIV WIXXMRKW MRGPYHMRK WIZIVEP XLEX ]SY GER YWI XS QEREKI ]SYV TVMZEG] # 8S STIR XLI &VS[WIV WIXXMRKW WGV
7IXXMRKW 0SEH MQEKIW 9RGLIGOQEVO XS SQMX MQEKIW [LIR &VS[WIV HMWTPE]W E [IFTEKI 8LMW WTIIHW [IFTEKI PSEHMRK [LMGL GER FI YWIJYP MJ ]SY LEZI E WPS[ GSRRIGXMSR %YXS wX TEKIW 'LIGOQEVO XS LEZI &VS[WIV STXMQM^I XLI TVIWIRXEXMSR SJ XI\X ERH SXLIV IPIQIRXW SJ [IFTEKIW XS wX ]SYV TLSRItW WGVIIR 'LIGOQEVOMRK XLMW STXMSR EPWS GEYWIW XLI &VS[WIV XS VIxS[ E GSPYQR SJ XI\X XS wX XLI WGVIIR MJ ]SY HSYFPI XET XLI WGVIIR HMVIGXP] EJXIV ^SSQMRK [MXL ]SYV wRKIVW 9RGLIGOQEVO XS ZMI[ TEKIW EW HIWMKRIH JSV E GSQTYX
7IXXMRKW 4VMZEG] WIXXMRKW 'PIEV GEGLI %PPS[W ]SY XS GPIEV PSGEPP] GEGLIH GSRXIRX ERH HEXEFEWIW 'PIEV ,MWXSV] %PPS[W ]SY XS GPIEV XLI &VS[WIV LMWXSV] %GGITX GSSOMIW 'LIGOQEVO XS EPPS[ [IFWMXIW XS WEZI ERH VIEH GSSOMI HEXE 'PIEV EPP GSSOMI HEXE %PPS[W ]SY XS GPIEV EPP &VS[WIV GSSOMI HEXE 6IQIQFIV JSVQ HEXE 'LIGOQEVO XS EPPS[ XLI &VS[WIV XS VIQIQFIV HEXE IRXIVIH MRXS JSVQW JSV PEXIV YWI 'PIEV JSVQ HEXE %PPS[W ]SY XS GPIEV EPP WEZIH JSVQ HEXE )REFPI PSGEXMSR 'LIGOQEVO XS EPPS[ WMXIW XS VIUYIWX EGGIWW X
7IXXMRKW ;M *M 'LIGOQEVO XS XYVR SR ;M *M JYRGXMSREPMX] XS GSRRIGX XS EZEMPEFPI ;M *M RIX[SVOW ;M *M WIXXMRKW # ;M *M WIXXMRKW WGVIIR 8LI ;M *M WIXXMRKW QIRY EPPS[W ]SY XS WIX YT ERH QEREKI [MVIPIWW EGGIWW TSMRXW ;M *M 'LIGOQEVO XS XYVR SR ;M *M WS ]SY GER GSRRIGX XS ;M *M RIX[SVOW 2IX[SVO RSXMwGEXMSR 'LIGOQEVO XS VIGIMZI E RSXMwGEXMSR [LIR ER STIR ;M *M RIX[SVO FIGSQIW EZEMPEFPI ;M *M RIX[SVOW (MWTPE]W E PMWX SJ ;M *M RIX[SVOW ]SYtZI TVIZMSYWP] GSRwKYVIH ERH XLSWI HIXIGX
7IXXMRKW 7QEVX7LEVI WIXXMRKW # 7QEVX7LEVI WIXXMRKW WGVIIR 8LI 7QEVX7LEVI WIXXMRKW QIRY EPPS[W ]SY XS WIX YT ERH QEREKI 7QEVX7LEVI 7QEVX7LEVI 'LIGOQEVO XS XYVR SR 7QEVX7LEVI ERH QEOI WLEVIH GSRXIRXW HMWGSZIVEFPI F] SXLIV HIZMGIW %P[E]W EPPS[ VIUYIWX 'LIGOQEVO XS EPPS[ ]SY XS EP[E]W EGGITX WLEVMRK VIUYIWXW EYXSQEXMGEPP] (IZMGI REQI %PPS[W ]SY XS ZMI[ ERH IHMX XLI REQI ]SYV TLSRI HMWTPE]W XS SXLIV HIZMGIW [LIR XV]MRK XS WLEVI GSRXIRXW # 7LEVMRK GSRXIRXW 4MGXYVIW 'LIGOQEVO XS WL
7IXXMRKW &PYIXSSXL HIZMGIW (MWTPE]W E PMWX SJ &PYIXSSXL HIZMGIW XLEX ]SYtZI TVIZMSYWP] GSRwKYVIH ERH XLSWI HIXIGXIH [LIR XLI TLSRI PEWX WGERRIH JSV &PYIXSSXL HIZMGIW 8IXLIVMRK %PPS[W ]SY XS GSRwKYVI ]SYV TLSRItW QSFMPI HEXE GSRRIGXMSR XS WLEVI MX ZME 97& :42 WIXXMRKW # :42 WIXXMRKW WGVIIR %HH :42 %PPS[W ]SY XS EHH HMJJIVIRX X]TIW SJ :MVXYEP 4VMZEXI 2IX[SVOW :42W :42W (MWTPE]W XLI PMWX SJ :42W XLEX ]SYtZI TVIZMSYWP] GSRwKYVIH 1SFMPI RIX[SVOW # 1SFMPI RIX[SVOW WIXXMRKW WGVIIR (E
7IXXMRKW 'EPP WIXXMRKW 9WI 'EPP WIXXMRKW XS GSRwKYVI TLSRI GEPP WIXXMRKW :SMGIQEMP :SMGIQEMP WIVZMGI %PPS[W ]SY XS WIPIGX ]SYV GEVVMIVtW ZSMGIQEMP WIVZMGI SV ERSXLIV WIVZMGI WYGL EW +SSKPI :SMGI81 :SMGIQEMP WIXXMRKW -J ]SY EVI YWMRK ]SYV GEVVMIVtW ZSMGIQEMP WIVZMGI XLMW STXMSR EPPS[W ]SY XS IRXIV XLI TLSRI RYQFIV XS YWI JSV PMWXIRMRK XS ERH QEREKMRK ]SYV ZSMGIQEMP =SY GER IRXIV E GSQQE XS MRWIVX E TEYWI MRXS XLI RYQFIV *SV I\EQTPI XS EHH E TEWW[SVH EJXIV XLI TLSRI RYQFIV -J ]SY EVI YW
7IXXMRKW 7SYRH 9WI XLI 7SYRH WIXXMRKW XS GSRwKYVI LS[ ERH EX [LEX ZSPYQI XLI TLSRI VMRKW ERH ZMFVEXIW [LIR XLI TLSRI VMRKW ]SY VIGIMZI E RSXMwGEXMSR ER EPEVQ WSYRHW SV [LIR ]SY TPE] QYWMG SV SXLIV QIHME [MXL EYHMS EW [IPP EW SXLIV VIPEXIH WIXXMRKW +IRIVEP 7MPIRX QSHI 'LIGOQEVO XS WMPIRGI EPP WSYRHW MRGPYHMRK GEPP ERH RSXMwGEXMSR VMRKXSRIW I\GITX XLI EYHMS JVSQ QYWMG ZMHISW ERH SXLIV QIHME ERH ER] EPEVQW ]SY LEZI WIX =SY QYWX WMPIRGI QIHME ERH EPEVQW MR XLIMV S[R ETTPMGEXMSRW :MFVEXI 3
7IXXMRKW 7GVIIR PSGO WSYRHW 'LIGOQEVO XS TPE] E WSYRH [LIR XLI WGVIIR MW PSGOIH SV YRPSGOIH ,ETXMG JIIHFEGO 'LIGOQEVO XS LEZI XLI TLSRI ZMFVEXI FVMIx] [LIR ]SY XSYGL SRWGVIIR FYXXSRW ERH TIVJSVQ SXLIV EGXMSRW )QIVKIRG] XSRI 3TIRW E HMEPSK FS\ [LIVI ]SY GER GSRwKYVI LS[ XLI TLSRI VIEGXW [LIR ]SY TPEGI ER IQIVKIRG] GEPP (MWTPE] 9WI XLI (MWTPE] WIXXMRKW XS GSRwKYVI FVMKLXRIWW ERH SXLIV WGVIIR WIXXMRKW &VMKLXRIWW 3TIRW E HMEPSK FS\ JSV EHNYWXMRK XLI FVMKLXRIWW SJ XLI WGVIIR *SV XLI FIWX FEXXI
7IXXMRKW 0SGEXMSR WIGYVMX] 9WI XLI 0SGEXMSR WIGYVMX] WIXXMRKW XS WIX ]SYV TVIJIVIRGIW JSV YWMRK ERH WLEVMRK ]SYV PSGEXMSR [LIR ]SY WIEVGL JSV MRJSVQEXMSR ERH YWI PSGEXMSR E[EVI ETTPMGEXMSRW WYGL EW &MRK 1ETW =SY GER EPWS GSRwKYVI WIXXMRKW XLEX LIPT WIGYVI ]SYV TLSRI ERH MXW HEXE 0SGEXMSR 7IXXMRKW ) ) 0SGEXMSR GERRSX FI XYVRIH SJJ SR ER] QSFMPI TLSRI -RXIRHIH JSV TIVWSREP WEJIX] MR YVKIRX WMXYEXMSRW XLMW WIXXMRK GERRSX FI EPXIVIH F] XLI YWIV :IVM^SR 0SGEXMSR 7IVZMGIW 'LIGOQEVO XS I
7IXXMRKW 7-1 69-1 GEVH PSGO 7IX YT 7-1 69-1 GEVH PSGO %PPS[W ]SY XS WIX MJ ]SY [ERX XS VIUYMVI E 4-2 XS YWI XLI TLSRI 4EWW[SVHW :MWMFPI TEWW[SVHW 'LIGOQEVO XS FVMIx] WLS[ IEGL GLEVEGXIV SJ TEWW[SVHW EW ]SY IRXIV XLIQ WS XLEX ]SY GER WII [LEX ]SY IRXIV (IZMGI EHQMRMWXVEXMSR 7IPIGX HIZMGI EHQMRMWXVEXSVW %HH SV VIQSZI HIZMGI EHQMRMWXVEXSVW 'VIHIRXMEP WXSVEKI 9WI WIGYVI GVIHIRXMEPW 'LIGOQEVO XS EPPS[ ETTPMGEXMSRW XS EGGIWW ]SYV TLSRItW IRGV]TXIH WXSVI SJ WIGYVI GIVXMwGEXIW ERH VIPEXIH TEWW[SVHW
7IXXMRKW %TTPMGEXMSRW =SY YWI XLI %TTPMGEXMSRW WIXXMRKW QIRY XS ZMI[ HIXEMPW EFSYX XLI ETTPMGEXMSRW MRWXEPPIH SR ]SYV TLSRI QEREKI XLIMV HEXE JSVGI XLIQ XS WXST ERH XS WIX [LIXLIV ]SY [ERX XS TIVQMX MRWXEPPEXMSR SJ ETTPMGEXMSRW XLEX ]SY SFXEMR JVSQ [IFWMXIW ERH IQEMP 9RORS[R WSYVGIW 'LIGOQEVO XS TIVQMX MRWXEPPEXMSR SJ ETTPMGEXMSRW XLEX ]SY SFXEMR JVSQ [IFWMXIW IQEMP SV SXLIV PSGEXMSRW SXLIV XLER %RHVSMH 1EVOIX81 ;%62-2+ 8S TVSXIGX ]SYV TLSRI ERH TIVWSREP HEXE HS[RPSEH ETTPMGEXMSRW SRP] J
7IXXMRKW %PPS[ QSGO PSGEXMSRW 'LIGOQEVO XS TIVQMX E HIZIPSTQIRX XSSP SR E GSQTYXIV XS GSRXVSP [LIVI XLI TLSRI FIPMIZIW MX MW PSGEXIH VEXLIV XLER YWMRK XLI TLSRItW S[R MRXIVREP XSSPW JSV XLMW TYVTSWI %GGSYRXW W]RG 9WI XLI %GGSYRXW W]RG WIXXMRKW QIRY XS EHH VIQSZI ERH QEREKI ]SYV +SSKPI81 ERH SXLIV WYTTSVXIH EGGSYRXW =SY EPWS YWI XLIWI WIXXMRKW XS GSRXVSP LS[ ERH [LIXLIV EPP ETTPMGEXMSRW WIRH VIGIMZI ERH W]RG HEXE SR XLIMV S[R WGLIHYPIW ERH [LIXLIV EPP ETTPMGEXMSRW GER W]RGLVSRM^I YWIV H
7IXXMRKW XS W]RGLVSRM^I HEXE 8SYGL 6IQSZI %GGSYRX XS VIQSZI XLI EGGSYRX EPSRK [MXL EPP MXW HEXE GSRXEGXW QEMP WIXXMRKW ERH WS SR =SY GERtX VIQSZI XLI wVWX +SSKPI %GGSYRX ]SY EHHIH XS ]SYV TLSRI I\GITX F] VIWIXXMRK ]SYV TLSRI XS XLI JEGXSV] HIJEYPXW ERH IVEWMRK EPP SJ ]SYV YWIV HEXE 4VMZEG] 4IVWSREP HEXE *EGXSV] HEXE VIWIX )VEWIW EPP SJ ]SYV TIVWSREP HEXE JVSQ MRXIVREP TLSRI WXSVEKI MRGPYHMRK MRJSVQEXMSR EFSYX ]SYV +SSKPI %GGSYRX ER] SXLIV EGGSYRXW ]SYV W]WXIQ ERH ETTPMGEXMSR HEXE ERH
7IXXMRKW -RXIVREP 1IQSV] 8SXEP WTEGI ERH %ZEMPEFPI WTEGI 0MWXW XLI EQSYRX SJ MRXIVREP QIQSV] ]SY LEZI EZEMPEFPI *SVQEX -RXIVREP 1IQSV] 4IVQERIRXP] IVEWIW IZIV]XLMRK SR XLI MRXIVREP 7( GEVH MR XLI TLSRI -RXIVREP TLSRI WXSVEKI %ZEMPEFPI WTEGI 0MWXW XLI EQSYRX SJ MRXIVREP TLSRI WXSVEKI EZEMPEFPI 0ERKYEKI OI]FSEVH 9WI XLI 0ERKYEKI OI]FSEVH WIXXMRKW XS WIPIGX XLI PERKYEKI JSV XLI XI\X SR ]SYV TLSRI ERH JSV GSRwKYVMRK XLI SR WGVIIR OI]FSEVH MRGPYHMRK [SVHW XLEX ]SYtZI EHHIH XS MXW HMGXMSREV] 7IP
7IXXMRKW 7TIIH ZW EGGYVEG] 3TIRW E HMEPSK FS\ XS FEPERGI VIWTSRWI ZIVWYW IVVSV XSPIVERGI 7[]TI LIPT 3TIRW YWIV QERYEP JSV 7[]TI 8YXSVMEP 0IEVR EFSYX 7[]TI 0+ /I]FSEVH %PPS[W ]SY XS YWI XLI SR WGVIIR XSYGL OI]FSEVH ERH EHNYWX MXW WIXXMRKW 8LI 0+ /I]FSEVH WIXXMRKW ETTP] XS XLI SR WGVIIR OI]FSEVH XLEX MW MRGPYHIH [MXL ]SYV TLSRI 8LI GSVVIGXMSR ERH GETMXEPM^EXMSR JIEXYVIW EJJIGX SRP] XLI )RKPMWL ZIVWMSR SJ XLI OI]FSEVH /I]FSEVH PE]SYX 3TIRW E HMEPSK FS\ XS GLSSWI XLI HIJEY
7IXXMRKW 9WIV HMGXMSREV] %PPS[W ]SY XS ZMI[ EHH ERH VIQSZI [SVHW JVSQ ]SYV YWIV HMGXMSREV] 8SYGL E [SVH XS IHMX SV HIPIXI MX 8SYGL XLI 1IRY /I] " %HH XS EHH E [SVH :SMGI MRTYX SYXTYX :SMGI SYXTYX # 8I\X XS WTIIGL WIXXMRKW =SY YWI XLI 8I\X XS 7TIIGL WIXXMRKW XS GSRwKYVI XLI %RHVSMH XI\X XS WTIIGL W]RXLIWM^IV JSV ETTPMGEXMSRW XLEX GER XEOI EHZERXEKI SJ MX WYGL EW 8EPO&EGO -J ]SY HSRtX LEZI WTIIGL W]RXLIWM^IV HEXE MRWXEPPIH SRP] XLI -RWXEPP ZSMGI HEXE WIXXMRK MW EZEMPEFPI 0MWXIR XS
7IXXMRKW # )RKMRIW 4MGS 887 %PPS[W ]SY XS ZMI[ ERH GSRwKYVI XLI WIXXMRKW JSV XLI 4MGS 887 IRKMRI 'SRRIGXMZMX] (IJEYPX GSRRIGXMSR QSHI 3TIRW E HMEPSK FS\ XS GLSSWI XLI HIJEYPX GSRRIGXMSR QSHI [LIR GSRRIGXMRK ]SYV TLSRI XS E 4' ZME 97& 'LSSWI JVSQ 'LEVKI 3RP] 1EWW 7XSVEKI 1IHME 7]RG SV -RXIVRIX 'SRRIGXMSR %P[E]W EWO 'LIGOQEVO XS LEZI XLI TLSRI EWO ]SY XS GLSSWI [LEX 97& GSRRIGXMSR QSHI MX WLSYPH GSRRIGX [MXL XS E 4' ,(1- 'LIGOQEVO XS EYXSQEXMGEPP] WXEVX ,(1- [LIR XLI 97& GEFPI MW GSR
7IXXMRKW %FSYX TLSRI %FSYX TLSRI MRGPYHIW MRJSVQEXMSR EFSYX ]SYV TLSRI 7SJX[EVI 9THEXI %PPS[W ]SY XS GLIGO JSV %RHVSMH W]WXIQ WSJX[EVI YTHEXIW 7XEXYW %PPS[W XS ZMI[ E PMWX SJ MRJSVQEXMSR EFSYX ]SYV FEXXIV] QSFMPI RIX[SVO GSRRIGXMSR ERH SXLIV HIXEMPW &EXXIV] YWI 3TIRW E PMWX SJ XLI ETTPMGEXMSRW ERH STIVEXMRK W]WXIQ GSQTSRIRXW XLEX LEZI YWIH ERH EVI GYVVIRXP] YWMRK FEXXIV] TS[IV 8SYGL ER ETTPMGEXMSR MR XLI PMWX XS ZMI[ HIXEMPW EFSYX MXW TS[IV YWI ERH MJ EZEMPEFPI XSYGL E FYXXSR XS STIR
7EJIX] %HHMXMSREP MRJSVQEXMSR SR 7TIGMwG %FWSVTXMSR 6EXIW 7%6 GER FI JSYRH SR XLI 'IPPYPEV 8IPIGSQQYRMGEXMSRW -RHYWXV] %WWSGMEXMSR '8-% [IFWMXI EX LXXT [[[ GXME SVK -R XLI 9RMXIH 7XEXIW ERH 'EREHE XLI 7%6 PMQMX JSV QSFMPI TLSRIW YWIH F] XLI TYFPMG MW [EXXW OK ; OK EZIVEKIH SZIV SRI KVEQ SJ XMWWYI 8LI WXERHEVH MRGSVTSVEXIW E WYFWXERXMEP QEVKMR SJ WEJIX] XS KMZI EHHMXMSREP TVSXIGXMSR JSV XLI TYFPMG ERH XS EGGSYRX JSV ER] ZEVMEXMSRW MR QIEWYVIQIRXW *'' ,IEVMRK %MH 'SQTEXMFMPMX] ,%' 6I
7EJIX] XS KIRIVEXI PIWW MRXIVJIVIRGI XS LIEVMRK HIZMGIW XLER TLSRIW XLEX EVI RSX PEFIPIH 1 MW XLI FIXXIV LMKLIV SJ XLI X[S VEXMRKW ,IEVMRK HIZMGIW QE] EPWS FI VEXIH =SYV LIEVMRK HIZMGI QERYJEGXYVIV SV LIEVMRK LIEPXL TVSJIWWMSREP QE] LIPT ]SY wRH XLMW VEXMRK ,MKLIV VEXMRKW QIER XLEX XLI LIEVMRK HIZMGI MW VIPEXMZIP] MQQYRI XS MRXIVJIVIRGI RSMWI 8LI LIEVMRK EMH ERH [MVIPIWW TLSRI VEXMRK ZEPYIW EVI XLIR EHHIH XSKIXLIV % WYQ SJ MW GSRWMHIVIH EGGITXEFPI JSV RSVQEP YWI % WYQ SJ MW GSRWMHIVIH JSV