*62= -*< 8,1.7 0.7*><8 ?2.5 $9*D 6*,1= @2. -*< <<.7 92@2; (62 /6AA2 162@2 2/?.B05@.;926AB;4 .;; 8_;;2; (62 .992 A205;6@052; +
71*5=<< -.< 7.>.7 .;F=.< +/<=.55.7 >7- 7<,152.D.7 (8;*>/ $2. *,1=.7 6L<<.7 (6052?526A@56;D26@2 (6052?526A@56;D26@2 GB: 2/?.B05 12? "68?.< .;F= .@ 2162;3291 ).@A2; 3b? 162 "68?
71*5=.; F7-.;7 "/5.0. >7- #.2720>70 '26;64B;4@:6AA29 27. $=K;>70 @*< =>7 >7-.7-2.7<= )205;6@052 .A2; %*+.55.7 >7- %299< B3A.B2; ?56AG2; B;1 .?2; :6A "68?
'8; -.6 7<,15><< -.< 7.>.7 .;F=.< !2@2; (62 /6AA2 @ &6@.5=0.;.,1= .7=<8;0.7 ;A@
>/<=.55.7 >7- 7<,152.D.7 62@2@ 2?UA 6@A ;B? 3b? 12; =?6C.A2; .B@5.9A /2@A6::A 62@2@ 2?UA 6@A ;B? 3b? 12; 6;/.B /2@A6::A 2.05A2; (62 /6AA2 162 @=2G62992 "<;A.42.;926AB;4 .@ 2?UA 8.;; 6; 26;2; 0: /?26A2; $/2?@05?.;8 26;42/.BA D2?12; :6;12@A2;@ 0: A623 B;1 0: b/2? 12: BR/<12; .@ 2?UA 6@A @A2082?32?A64 B;1 1.?3 ;B? .; 26;2 C
(8;*>/ $2. *,1=.7 6L<<.7 $2,1.;1.2=<127@.2<. 62@2@ 2?UA 6@A ;B? 3b? 12; =?6C.A2; .B@5.9A /2@A6::A 2;BAG2; (62 1.@ 2?UA .B@@05962R9605 GB: -B/2?26A2; C<; !2/2;@:6AA29; ?D.05@2;2 B;1 6;12? 1b?32; ;62 B;/2.B3@605A64A 1.@ 2?UA /2A?26/2; D2;; @62 =5F@6@05 @2;@7- 24;8@.55. 6;12? 1b?32; 2?605A2 :6A "68?
.<,1F-20=. .;F=.=L; 8-.; %L;-2,1=>70 #62 162 "68?70 #62 1.@ 2?UA 4?70 .@ 2?UA ?2429:UR64 ?26;642; ::2? .992 #.5?B;4@:6AA29?2@A2 2;A32?;2; 26 :.;4295.3A2? '26;64B;4 8.;; 162 $/2?39U052 G2?@A_?A D2?12; B;1 1.
$2,1.;1.2=<127@.2<. C>6 .+;*>,1 -.; 24;8@.55. )>+.;.2=>70 ?87 .+.7<62==.57 62 "68?
26 9B3A1605A C2?@059<@@2;2; !2/2;@:6AA29; 8.;; 162 +2?=.08B;4 =9.AG2; +2?/?2;;B;4@423.5? '605A2; (62 @605 ;.05 12; ;4./2; .B3 12? +2?=.08B;4 ;A;25:2; (62 162 2?605A2 6::2? :6A )<=39.==2; .=;F74. 26: ?56AG2; C<; 9b@@64826A2; 8.;; 2@ GB (6212C2?d GB4 8<::2; .@ 526RA 162 (6212A2:=2?.AB? D6?1 2??2605A <5;2 1.@@ 162 AF=6@052; .:=3/9.@2; .B3d @A2642; (05<; /26 42?6;42? ?@05bAA2?B;4 12@ 23UR2@ 8.;; 162 526R2 9b@@64826A =9_AG9605 523A64 b/2?8<052; <12? C2?@=?6AG2; +2?/?2;;B;4@423.
.+.7<62==.5 62= 0.;270.6 (*<<.;0.1*5= $9.2<.K5 #62 !2/2;@:6AA29 :6A 42?6;42: ,.@@2?425.9A D62 G ?.< .;F= 62? 92?;2; (62 5? ;2B2@ 2?UA 82;;2; ,6? 2?89U?2; 5;2; 1.@ 2162;3291 :6A 12; (05.9A2?; *< .-2.7/.
%*<=.7 /L; -2. 24;8@.55.7N .2<=>70.7 "6A 12; ).@A2; @A2992; (62 162 42Db;@05A2 "68?= ;48B27 D=3 ID< AFUA<4= 4= *?48B4= . ID< A78CI4= E>= ;`BB86:48C4= "6A 12: ?258;<=3 @A2992; (62 162 *5?G26A %?<4?.::d#B::2? .B2? B;1 2D605A 3b? 162 %?<4?.::d BA<:.A68 26; 2? ?258;<=3 6@A 6; 7212? (A299B;4 C2?@2;8/.
.-2.7=*<=.7 >7 7C.20./.
*< )>+.1K; #8<= -2?D2;12; (62 12; '<@A .9@ (A29939U052 3b? 1.@ 2@056?? '8; -.; .;<=.7 .7>=C>70 $=.55.7 $2. -2. &1;C.2= .27 ).@A2 H 1?b082; ; 12? ;G2642 92B05A2A <; ).@A2 *5? 1?b082; ; 12? ;G2642 2?@0526;A "6A 12: ?258;<=3 162 *5?G26A 26;@A2992; "6A ).@A2 *5? /2@AUA642; ><+5.7-.7 -.; &1;C.2= ).@A *5? 1?b082; /6@ 162 *5?d ;G2642 1B;829 6@A (2.-.;.27<=.55.7 -.; &1;C.2= ).@A2 *5? 1?b082; /6@ 6; 12? ;G2642 2?@0526;A (A2992; (62 26; D62 6; %B;8A B;1 /2@05?62/2; 27@.
2. 24;8@.55. 62? 2?5.9A2; (62 ;37- %299< : .=6A29 )./2992; B;1 )6==@ 36;12; (62 C6292 26@=6292 GB: B3A.B2; ?56AG2; B;1 .?2; .<,12;; ..207.=.< .<,12;; 2264;2A 6@A 56AG2/2@AU;1642@ 2@056?? .B@ 9.@ 9.@82?.:68 %
2. 24;8@.55.7N .2<=>70.7 %'.+3!((!*? !%/01*# #!!%#*!0 51) .0CC A78CI4= E>= ;`BB86:48C4= .0CC A78CI4= D=3 0A4= E>= *?48B4= .0CC .0CC .0CC $8 <=.55.7 $2. .27 26@=629 "68?= ;48B27 D=3 ID< AFUA<4= 4
).@A2 @A.?A 1?b082; 62 .B2? 9UB3A @605A/.? 6; 12? ;G2642 ./ 2. *>.; 2<= *+0.5*>/.7 6; (64;.9 2?A_;A .@ 2?UA @05.9A2A .B@ 62 *5?G26A 2?@0526;A D6212? D2;; (62 162 ).@A2 @A<= 1?b082; B;1 162 2?UA2Ab? _33;2; *>.; F7-.;7 62 .B2? 8_;;2; (62 7212?G26A C2?U;12?; 71*5=.7 2?UA2Ab? _33;2; 62 "68?70 5K<,1.7 ).@A2 @A<= 1?b082; 27@.2<. (62 8_;;2; .B05 GB2?@A 162 .B2? B;1 1.
2Db;@05A2 "68?
";80;*66N >=86*=24 $8 <=.55.7 $2. .27 "6A 12? %?<4?.::d BA<:.A68 8_;;2; (62 4.;G 26;3.05 !2/2;@:6AA29 .B3A.B2; B;1 C6292 (=26@2; @05;299 B;1 =?
"6A 12: ?258;<=3 1.@ 2D605A 26;@A2992; ).@A2 @A.?A 1?b082; 62 .B2? 9UB3A @605A/.? 6; 12? ;G2642 ./ 2. *>.; 2<= *+0.5*>/.7 6; (64;.9 2?A_;A .@ 2?UA @05.9A2A .B@ P33;2; (62 162 2?UA2Ab? <12? 1?b082; (62 162 ).@A2 @A<= 71*5=.7 2?UA2Ab? _33;2; ?b082; (62 ;.05 12: (05962R2; D6212? 162 ).@A2 @A.?A 2? 2A?62/ 9UB3A D26A2? K<,1.7 ).@A2 @A<= GD26:.9 1?b082; <12? 162 2?UA2Ab? _33;2; B;1 ).@A2 @A<= 26;:.9 1?b082; 27@.2<. 62 .B2? 8.;; ;605A C2?U;12?A D2?12; 26 26;642; %?<4?.
.68;B "6A "2:
).@A2 "2: +.5.0.7 .68;B <=*;=.7 "_05A2; (62 26;2; (=26052?=9.AG ;2B /29242; DU592; (62 12; (=26052?=9.AG 62 .9A2; 6;@A299B;42; 2?@0526;2; (A2992; (62 ;2B 26; 62 42@=26052?A2; 6;@A299B;42; 3b? 5? 2?605A 8_;;2; (62 4.;G 26;3.05 ./?B32; (A2992; (62 1.@ 2?605A 6; 12; .??.B: 26@=629 , " "6;BA2; ).
2. *>.; 2<= *+0.5*>/.7 6; (64;.9 2?A_;A P33;2; (62 162 2?UA2Ab? <12? 1?b082; (62 162 ).@A2 @A<= 71*5=.7 2?UA2Ab? _33;2; .@ b5942/9U@2 8.;; D26A2?9.B32; ?b082; (62 ;.05 12: (05962R2; D6212? 162 ).@A2 @A.?A 2? 2A?62/ 9UB3A D26A2? 27<=.55>70 5K<,1.7 ).@A2 @A<= GD26:.9 1?b082; <12? 162 2?UA2Ab? _33;2; B;1 ).@A2 @A<= 26;:.9 1?b082; 27@.2<. #.05 12: (A.?A 8_;;2; (62 12; (=26052?=9.AG ;605A :25? C2?U;12?; 6;2 .B2? 8_;;2; (62 ;B? ;.05 12: (A.?A U;12?; 62 26;42@A299A2; %?<4?.::2 /926/2; .
"/5.0. >7- #.2720>70 +2?D2;12; (62 ;62 <051?B08?26;642? <12? .:=3d @A?.592? B?G@059B@@423.5? +2?D2;12; (62 ;62 @05.?32 <12? @052B2?;12 '26;64B;4@:6AA29 "2A.99@05./2? @6;1 3b? 162 '26;64B;4 12@ 9.@2@ .; 12? 2?UA2Ab? ;605A 42264;2A 62 $/2?39U052 8.;; /2@05U164A D2?12; B;1 1.@ 9.@ G2?@A_?2; ,2;; @< 26; "6AA29 .B3 162 +70<62==.5 !.80 16!* *?`;;0D64 <8C 48=4< F48274= +D27 =027CA>2:=4= )%0 (1)%*%1)".
27. $=K;>70 @*< =>7 )?6AA 26;2 (A_?B;4 .B3 @< 9624A 2@ <3A ;B? .; 26;2? 926d ;64826A 2C
0<.1*# <#(% $! .
>7-.7-2.7<= "B@@ 5? 2?UA ?2=.?62?A D2?12; 6@A B;@2? B;12;d 162;@A 3b? (62 1. 62 ;@05?63A B;1 )2923<;;B::2? 12? ;U05@A429242;2; B;12;162;@A@A2992 36;12; (62 6: )2923<;/B05 B05 162 .;4242/2;2; B;12;d 162;@AG2;A?2; ;2;;2; 5;2; 42?; 26;2 B;12;162;@Ad @A2992 6; 5?2? #U52 N >66.; >7 N >66.; 2/2; (62 12: B;12;162;@A 6::2? 162 ?G2B4;6@d ;B::2? d#? B;1 162 2?A64B;4@;B::2? d#? 5?2@ 2?UA2@ .; .@ )F=2;@05691 :6A 12; #B::2?; 36;12; (62 D2;; (62 162 2?UA2Ab? _33;2; ?205A@ .
%.,172<,1. *=.7 *CA>A6D=6 - I 4B0F4;;4=b#48BCD=6 $8:A>F4;;4= A4@D4=I . . $ I 1<4BBD=64= G G+ b 4AUC b 0AA0D< 4F827C G G 2< G G 2< :6 - b64?A`5C 90 b/48274= 90 62@2@ 2?UA 2;A@=?605A 12? #
%*+.55.7 >7- %299< 62? 36;12; (62 26;2 B@D.59 .; 2?605A2; B;1 162 <=A6:.92; 6;@A299B;42; 1.GB (62 8_;;2; ;.0592@2; D29052 "68?/=*>.7 ;12=C.7 >7- *;.7 62= 24;8@.55. ; 12; 3<942;12; )./2992; 36;12; (62 C6292 "_49605826A2; B;1 6;@A299D2?A2 GB? "68?
!.@@2; (62 1.@ B342A.BA2 ;<05 d "6;BA2; /26 '.B:A2:=2?.AB? ?B52; 1.:6A @605 162 )2:=2?.AB? .B@492605A 26: 239b429 8_;;2; (62 1.;; 162 ;;2?262; 52?.B@;25:2; !*#! ;48B27 8< 0=I4= E>< )8=3 *27F48= "0;1 <8C D=3 >7=4 "=>274= ;48B27 8= *C`2:4= >34A *274814= E>< )8=3 *27F48= "0;1 6 6 6 %'.+3!((!*(!%/01*# 00 1!. %* %*10!* %*3!%/! . $8= . b $8= . $8= . b $8= . $8= . b $8= $47A<0;B F4=34= 6 6 6 . b $8= . b $8= . b $8= .
>/=*>.7 ;12=C.7 8-.; *;.7 =2./0./;8;.7.; $9.2<.7 (A2992; (62 1.@ 2@056?? .B3 12; .??.B:/<12; 2082; (62 162 (=26@2; 6::2? GB ,2;; (62 826;2; =.@@2;12; 20829 3b? 65? 23UR 5./2; ;25:2; (62 26;2; )2992? <12? "68?
)07= .0BB4A 60A4= (A2992; (62 1.@ 2@056?? .B3 12; .??.B:/<12; 2082; (62 162 (=26@2; 6::2? GB ,2;; (62 826;2; =.@@2;12; 20829 3b? 65? 23UR 5./2; ;25:2; (62 26;2; )2992? <12? "68?
!*#! %'.+3!((!*(!%/01*# 00 1!. %* %*10!* 01H:>BC I $8;275;UB27274= <; <; <; . 20 N $8= . N b $8= . b $8= *D??4 6 6 . . ;48B27 8= *>R4 6 . b 8=C>?5 6 6 . b $8= . b $8= 6 6 . b $8= . b $8= 4<`B4 +0BB4 +0BB4= '>AC8>= '>AC8>=4= %*3!%/! &7=4 *0D64A >34A 42:4; %027 34< A78CI4= 8<<4A 6DC B27`CC4;= ,=1438=6C 384 +4=CA>;;84A4= b $8= b $8= $8= ;48B27B274814= E>=48=0=34A CA4==4= 9.052 (=26@2; 4.
!*#! 4<`B4 5A8B27 48;064= I "0AC>554;= %'.+3!((!*(!%/01*# 1!. %* %*10!* %*3!%/! 6 6 . b $8= . b $8= 4<`B4 8= 6;4827 6A>R4 *C`2:4 B27=4834= !4 6 4<`B4 b # .0BB4A ID6414= 6 6 6 . b $8= . b $8= . b $8= "0AC>554;= 8= 6;4827 6A>R4 *C`2:4 B27=4834= b # .0BB4A ?A> 6 ID6414= D
$ !) 1"0 1!* %/0 / !"(>#!( + !. (!%/ $ 16!* *#!# .0 %* !. %00! !. *+ $ *% $0 1"#!0 10 .U7;4= *84 148< =U27BC4= $0; 48=4 :;48=4A4 $8:A>F4;;4=b#48BCD=6 .4=34= *84 30B D5C0D6DC 148 6A>R4= $4=64= <47A<0;B 27@.2< ; )b?32;@A2? ;;2;DU;12; B;1 <12; 8.;; @605 <;12;@D.@@2? /6912; .@ 6@A ;; ";80;*66N >=86*=24 #25:2; (62 1.@ !2/2;@:6AA29 .B@ 12? +2?=.
26: B3A.B2; C<; 926@05 239b429 <12? 6@05 2;A@A25A 9b@@64826A 62@2 /26: ,2;12; 2;A32?;2; B;1 6; 826;2: .99 D26A2?C2?D2;12; <12? :6A .;12?2; !2/2;@:6AA29; 6; 2?b5?B;4 /?6;42; !242; (62 '6;1d !.::d B;1 (05D26;23926@05 GB2?@A :6A 12? 2AA@26A2 ;.05 B;A2; .B3 1.@ 2@056?? ?
#>1.C.2=.7 6;642 2?605A2 /2;_A642; ;.05 %?<4?.::2;12 ;<05 26;2 'B52G26A 6: .??.B: !.% $0 1$!5!%0 4<`B4 20 $8=DC4= "0AC>554;= 20 $8=DC4= ->A74A 30B 4=CBC0=34=4 .0BB4A 01684R4= )48B 18B ! !*/)%00!( .+#. ))? 1))!. !3% $0/ !.!% $ $8=DC4= !/ $%.. 1 !$<.
";L/0.;2,1=. 7*,1 &B.96AUA B;1 B;8A6<; C<; "68?
!6 7.= C8 ?..5 =. 0.72.=.7 ?*7 1.= 484.7 *5< ?*7 -. 6**5=23- ?.12; D67 B ..; 12 42/?B68@..;D67G6;4 A2 92G2; .; 8B;A B .992 A205;6@052 C<
718>-<890*?. 2.;89 68.= > 5.==.7 +<2=.7 2.;89 68.= > 5.==.7 +269645261@C<@. *99*;**= 2A /2162;6;4@=.;229 )<2A@2; C<
718>-<890*?. .68;B "2:>; @23C20.7 !7-.;18>- .7 ;.2720270 (05<<;:..8:611292; (*= =. -8.7 +23 <=8;270.7 5*7=.7<.;?2,. )205;6@052 4242C2;@ %*+.55.7 .
2.;89 68.= > 5.==.7 .5*70;234. ?.25201.2-@.7 252.>?;2.7-.5234 */?8.;.7 %.8 52A .==.?..A B6A 2; C<2? 12 C2?=.886;4 <= 22; :6962BC?62;1296782 :.;62? .3 6A .==.?..
!9<=.55.7 .7 **7<5>2=.7 6A .==.?..A 6@ 2;829 C<
2.;89 68.= > 5.==.7 '.25201.2-26=. 6;12?2; :<42; .
.<,1*-20. -.>; 8/ -.>;-2,1=270 #<<6A 12 :.4;2A?<; 42/?B682; D.;;22? 12 12B? <3 12B?1605A6;4 /2@05.1641 6@ .; 8.; 2? 2;2?462 C.; 12 :.4;2A?<; C?678<:2; 2/?B68 12 :.4;2A?<; =.@ D22? .9@ 567 42?2=.?22?1 6@ !60.?270 (A29 52A .==.?..A ;<<6A /9<
'.25201.2-<27<=;>,=2. < ?88; 1.= 0.+;>24 ?*7 -. 6*07.=;87 .;.2-270 ?*7 5.?.7<62--.5.7 2 :.4;2A?<; B6A@9B6A2;1 42/?B682; C<
2 C2?=.886;4 C.; 9B05A1605A C2?=.8A2 92C2;@:611292; 8.; /.?@A2; +2?/?.;16;4@42C..?
.?.7<62--.5.7 6.= ..7 5**0 @*=.;0.1*5=. #<<6A 92C2;@:611292; :2A 22; 9..4 D.A2?425.9A2 G<.9@ /?<<1 <;A1<<62; <3 C2?D.?:2; :2A 22; A2 5<<4 C2:<42; <3 421B?2;12 A2 9.;42 A671 ?.;142C..? $923<852. ,.?: ;<<6A B6A@9B6A2;1 @=67@<962 <= :2A 12 :.4;2A?<; ?.;142C..? &@ 72.>@. *99*;**= 62? 922?A B BD ;62BD2 .==.?..A 82;;2; ,2 92442; B 12 D2?86;4 C.; 52A /2162;6;4@=.;229 :2A 12 @05.829..?@ B6A .= +.-2.7270
%8.=<.7 ?88; 1.= 6*07.=;87N ?.;680.7 "2A 12 A<2A@2; @A29A B 52A 42D2;@A2 :.4;2A?<;d C2?:<42; 6; . . ;**24789 E>>A 74C >=C3>>84= E0= 64E>4;864 64A427C4= E>>A 74C >=C3>>84= 4= 3>>A:>:4= . E>>A 74C 14A4834= E0= E;44B 4= 74C >?F0A<4= E0= 64E>4;864 64A427C4= . E>>A 74C E4AF0A<4= 4= 14A4834= E0= 64A427C4= . E>>A 74C E4AF0A<4= E0= E;>48BC>554= "2A 12 1?..68;<= @A29A B 12 1.4A671 52A =?<4?.::.;B::2? 12 A671@1BB? 2; 52A 42D605A C<
.-2.7270<=8.=<.7 .
. =8.+.18;.7 #88<=.; 2/?B68 52A ?<<@A2? .9@ =9..A@ <: C24 $=.5 -. -*0=23- 27 )<2A@ H 6;1?B882; $= 52A 16@=9.F 6@ H<; C2?9605A 2 A<2A@ )671 6;1?B882; $= 52A 16@=9.F C2?@0567;A "2A 12 1?..68;<= 12 A671 6;@A2992; "2A 12 A<2A@ )671 /2C2@A642; . -*0=23- 72.= @..;0.?.7 2 A<2A@ )671 6;1?B882; A@ 27<=.55.7 2 A<2A@ )671 6;1?B882; A
. 6*07.=;87 62? C6;1A B 6;3
,.;;22? B ;62A G282? D22A <3 22; C
"2A 12 1?..68;<= 12 A671@1BB? 6;@A2992; 2 @A.?AA<2A@ 6;1?B882; $= 52A 16@=9.F 8B;A B 52A C2?9<<= C.; 12 A671@1BB? .392G2; . =23-<->>; 2< */0.589.7 ? 896;8A 22; @64;..9 2A .==.?..A @05.829A B6A 2 1.4A671 C2?@0567;A D22? D.;;22? B <= 12 @A<=A<2A@ 1?B8A 2; 12 12B? C.; 52A .==.?..A <=2;A %23-<->>; ?.;*7-.;.7 * 8B;A 12 A671@1BB? <= 298 42D2;@A :<:2;A C2?.;12?2; $=899.7 2 12B? C.; 52A .==.?..A <=2;2; 2 :.4;2A?<; D
N$=*7-.7N/>7,=2. * 8B;A A=.7 ( 627>=.7 ( 627>=.7 )<2A@ 6;1?B882; $= 52A 16@=9.F C2?@0567;A 2A 42D2;@A2 :.4;2A?<;C2?:<42; 6;1?B882; $= 52A 16@=9.F 9605A 52A 6;42@A2912 :.4;2A?<;C2?:<42; <= 2; C2?@0567;A :6; "2A 12 1?..68;<= 12 A671@1BB? 6;@A2992; )<2A@ 6;1?B882; $= 52A 16@=9.
7<=.55270 @2<<.7 2 @A<=A<2A@ 6;1?B882; 2AG29312 :.4;2A?<;C2?:<42; 8.; ;62A AD22 822? .05A2? 298..? D=86*=2<,1. 9;80;*66* < )8 <=.5= > 27 "2A 12 .BA<:.
"2A 12 1?..68;<= 52A 42D2;@A2 =?<4?.::. 862G2; 2 A<2A@ H84 6;1?B882; 2A C<
. =23-<->>; 2< */0.589.7 ? 896;8A 22; @64;..9 2A .==.?..A @05.829A B6A $=2; 12 12B? C.; 52A .==.?..A <3 1?B8 <= 12 @A<=A<2A@ $=899.7 2 12B? C.; 52A .==.?..A <=2;2; ?B8 ;. 52A @9B6A2; C.; 12 12B? <=;62BD <= 12 @A.?AA<2A@ 2 3B;0A62 D
.68;B 89<5**7 +<0.795**=< 8972.>@ =8.@23C.7 ,.;;22? B <=;62BD 22; 4252B42;=9..A@ D69A A<2D67G2; 862@A B 12 4252B42;=9..
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