<& 

16 ( 2$"(

-9&& *912 ( #*16 *912.

($6 8 <61(&&= 6
22$"('(6 $(
16 ( 2$"(

H1! GO5F $ L0,1E,41

1,16*1= ,1$*
,,1*<$'6&= 8> #*912

926$( *92 +> #*912

6!? !&!?!1!

>8 >8

>! >!

*9 * (*6 ( (= *6#1 '61$&20

 

66!? @*4H/ ! ),J!1 E4 E*! E!*!?+!L0,1!? &4? 41&, !1E,/ ?!&!?!1!

t *,@

 
     ,1 E*! !1E?! ,1 4? !? E4 6/1 &4? E*! 1 , E!@>
6?!6?E4?M @EH ,!@ 6!?,4 :

t *,@ 66!? ,@ /@4 J,//! 41 E*!  !L!/ K!@,E! &?40

1H?M GO5F:
?! &?!! E4 !J,@! E*!,? 4K1 6?!6?E4?M 6!?,4 4& @EH M 6?,4? E4 E*!
t !1E?!@
5O *4H?@ 4& @H@E,1! &4H@:
66!? 0M ! ),J!1 E4 1 , E!@ @ @441 @ ,E ,@ ?!!,J!  E E*! !1E?!>@
t *!,@?!E,41:
9&& *912
'
OG  ,1
?E  !@,)1
?E 1 !@,)1
'
OG  ,1
?E  !@,)1 ,1!
?E
'OG  ,1
?E  !@,)1 *?!!+,0!1@,41/ !@,)1
'OG  ,1
?E  !@,)1 !LE,/! !@,)1
'OG  ,1
?E  !@,)1 *4E4)?6*M $ !1@ 1 ,)*E+@! ! ,
'OG  ,1
?E  !@,)1 ?6*, 400H1,E,41

#*16 *912
'
O(  ,1
?E  !@,)1 ,1!
?E
'O(  ,1
?E  !@,)1 *?!!+,0!1@,41/ !@,)1
'O(  ,1
?E  !@,)1 !LE,/! !@,)1
'O(  ,1
?E  !@,)1 *4E4)?6*M $ !1@ 1 ,)*E+@! ! ,
'O(  ,1
?E  !@,)1 ?6*, 400H1,E,41

 

(GB(5

GO5F !?@41  HE,41 E :

BCACBCB

$ 

($6 "9$(
4H? E!*!? K,// ! /! E4 E!* )H, ! 1 @H664?E M4H @ M4H 6?!6?! M4H? 6!?@41/
?!@641@!: 4H 0M /@4 406/!E! 6?!6?E4?M K4?. K,E*4HE ,?!E @H6!?J,@,41:

# ,1,16*1= ,1$*

*! 6?4!@@ 4& 6?4 H,1) K4?. &4? @@!@@0!1E 0M !),1 41! M4H ?!!,J! E*,@ 66!?:
4H @*4H/ !J!/46 M4H? ?!@641@! E4 E*! E*!0! ,1  6!?@41/ ?!E,J! KM:
*! 6?!6?E4?M 6!?,4 41@,@E@ 4& 66?4L,0E!/M GO *4H?@: H?,1) E*,@ E,0! M4H @*4H/
! 6?4 H,1) @H664?E,1) @EH ,!@ !J!/46,1) ?!&,1,1) 1 ?!4? ,1) M4H? , !@ E4K? @
E*! &,1/ 4HE40!7@8:

# ,1$* * 2926$( *92

*! 6!?,4 4& @H@E,1! &4H@ 41@,@E@ 4& 14 04?! E*1 6( #*912 K4?.,1) H1 !?
@H6!?J,@! !L0,1E,41 41 ,E,41@ ,1 1 66?46?,E! @EH ,4 @!EE,1) 6?4 H,1) M4H? &,1/
4HE40!7@8 ,1 ?!@641@! E4 E*! E*!0!:
H?,1) E*,@ E,0! M4H @*4H/ ?!&!? E4 M4H? @H664?E,1) @EH ,!@ 1
,06?4J! M4H? &,1/ 4HE40!7@8:

!J!/46 ?!&,1! 1

!*!?@ K,// ! /! E4 @H664?E M4H K,E* 0EE!?@ @H* @ K4?.,1) @6! 0E!?,/@ 1
!;H,60!1E: 4K!J!? E!*!?@ K,// 14E ! /! E4 ),J! M4H &!! . 4HE M4H? K4?. ,1
6?4)?!@@ 4? @H))!@E *4K M4H 0,)*E ,06?4J! 4? !J!/46 M4H? 4HE40!7@8:

# <61(&&= 6
22$"('(6 $2 ;*16# !>/ * 6# 0

4H? E!*!? K,// ,1&4?0 M4H 4& E*! E!@ 1 E,0!@ K*!1 M4H K,// 406/!E! M4H? E!1
*4H?@ 4& H1, ! K4?. &4? E*! LE!?1//M !E
@@,)10!1E:

(GB(5

<,&*1$(" ( :&*,$(" 6# #'

*! E*!0! E*,@ M!? ,@

*1
8=7,%=& ! ,7%C ! "".7= ! 80 ! 0.A7 ! B7=(., ! .+0* ! .,8=7(,
.,=7.* ! (,"*?, ! .,@(, ! 78(8= ! 8=788 ! 0?8& ! 0788 ! "7(=(., ! =,8(.,
,@H@@ E*! E*!0! K,E* M4H? E!*!? 1 0.! @H?! E*E M4H 6?4 H! !J, !1! E4 4J!?
E*! &4H?
@@!@@0!1E -!E,J!@: !0!0!? E*E !*
@@!@@0!1E -!E,J! ,@ K4?E* G'9
4& M4H? &,1/ 0?. &4? E*,@ 66!?:
*! &4H?
@@!@@0!1E -!E,J!@ ?!
t

!J!/46 , !@ E*?4H)* ,1J!@E,)E,41@ ,1&4?0! M 41E!LEH/ 1 4E*!? @4H?!@

!041@E?E,1) 1/ME,/ 1 H/EH?/ H1 !?@E1 ,1)

?!&,1! , !@ E*?4H)* !L6!?,0!1E,1) 1 @!/!E,1) 66?46?,E! ?!@4H?!@ 0! ,

0E!?,/@ E!*1,;H!@ 1 6?4!@@!@

?!4? , !@ 4@!?JE,41@ 1 ,1@,)*E@ ?!/!J1E E4 ,1E!1E,41@ ,1 J,@H/ 1 C4? 4E*!?

&4?0@

6?!@!1E  6!?@41/ ,1&4?0! 1 0!1,1)&H/ ?!@641@! !041@E?E,1) 1/ME,/

1 ?,E,/ H1 !?@E1 ,1) ?!/,@,1) ,1E!1E,41@ 1  K*!?! 66?46?,E! 0.,1)
411!E,41@ !EK!!1 J,@H/ K?,EE!1 4?/ 4? 4E*!? !/!0!1E@:

4H? K4?. 4H/ !J!/46 &?40 !L6!?,0!1E,1) K,E* 0E!?,/@ 1 E*!1 04J! 41 E4
?!4? ,1) 4@!?JE,41@:
4H 4H/ @E?E M ?!4? ,1) 4@!?JE,41@ ,1  J?,!EM 4& KM@:
4H 4H/ !),1 E4 !J!/46 M4H? ?!@641@! E4 E*! E*!0! M ,1J!@E,)E,1) 1 1/M@,1)
E*! K4?. 4& ?E,@E@ ?&EK4?.!?@ 1 !@,)1!?@ 1 E*!1 04J! 41 E4 ?!4? ,1)
4@!?JE,41@ 4? !L6!?,0!1E,1) K,E* 0E!?,/@ 1 E!*1,;H!@:
J, !1! &4? E*!
@@!@@0!1E -!E,J!@ 0M ! 6?4 H! ,1 01M KM@:
9""26 616$(" *$(62 ( *(6<69& 1(2
*! @E?E,1) 64,1E@ 1 41E!LEH/ ?!&!?!1!@ 41 E*! &4//4K,1) 6)!@ ?! @H))!@E,41@ E4
*!/6 M4H E*,1. 4HE 64@@,/! , !@ 6?!&!??! KM@ 4& K4?.,1) 1  6!?@41/ ?!E,J!
66?4* E4 E*,@ M!?>@ E*!0!:
4H 0M 6?!&!? E4 H@!  @E?E,1) 64,1E 4& M4H? 4K1 1 !L6/4?! 1 ?!@641 E4 4E*!?
?E,@E@ K!@,E!@ 1 6H/,E,41@ E*E ?!/E! E4 E*! E*!0! =*1>:

(GB(5

 

*1

*! &4?! 4& E*! 6!?@41/,EM 4? @EEH@ 4&
64K!?&H/ 6!46/! 1 ! !1*1! M
?E,@E@ 6*4E4)?6*!?@ 4? &@*,41 !@,)1!?@
1 /@4 M E*! 0! ,: 1 41E?@E @40!
4? ,1?M 6!46/! *J! 1EH?/ 66!/: 4H
4H/ ,1J!@E,)E! E*! KM@ ,1 K*,* &04H@
64K!?&H/ 4? *?,@0E, 6!46/! *J! !!1
64?E?M! E4 !6,E M4H?@!/& 4? @40!41! M4H
.14K @  &4?!&H/ *?E!?:
,E,41/ *?E!?@ K,E* @6!,/ 64K!?@ E*E
1 ! H@! &4? )44 4? !J,/ 4H/ 4&&!? M4H
1 ,1E!?!@E,1) @E?E,1) 64,1E:
?46)1  ?E *@ !!1 H@! E4 !L))!?E!
E*! 64K!? 4& ,1 ,J, H/@ @ K!// @ K*4/!
400H1,E,!@ 4& 6!46/!: 4H 4H/ !L6/4?!
E*! H@! 4& ?E @ 6?46)1  E4 !@?,! 
6!?@41 )?4H6 4& 6!46/! 0!@@)! 4? , ! ,1 
406!//,1) KM:
41@, !? E*! KM@ ,1 K*,* 6!46/! &4?!
E*!,? 4 ,!@ E4 6!?&4?0 !LE?4? ,1?M &!E@:
1 M4H ?!4? @64?E@ &,E1!@@ 4? 6!?&4?0,1)
?E@ E,J,E,!@ ,1  KM E*E 4H0!1E@
E*! 64K!? 1 &4?! 4& E*! *H01 4 M<
4H/ M4H !@,)1  4@EH0! 4? H1,&4?0 E*E
0,)*E !1*1! E*! !HEM 1 41E?4/ 4& 1
E,J,EM<
!4? 1 ?!6?!@!1E E*! !&&!E 4& 1EH?/
&4?!@ @H* @ )?J,EM @EE, !/!E?,,EM 1
6?!@@H?! 41 E*! *H01 4 M ,1 !J!?M M
/,&! H@,1)  ?1)! 4& 0E!?,/@ 1 KM@ 4&
K4?.,1):

*(1 1
/E,04?! ?M/1  ?: ?E,1 HE*!? ,1)
?:
!,1) )?!!E! H641 *,@ ?!EH?1 E4 E*! 1,E! EE!@
&E!? ?!!,J,1) E*! 4!/ !! ?,N! 52B(
0&.=.%70&

*(6<69& 1(
*!6? ,?!M
?1,@ 41
 J? H1*
0 M/4? 44
H.,14?, 1),
H@@!,1 */M1
*EE6CC !@,)10H@!H0:4?)
KKK:&E0/41 41:4?)C
KKK:16):4?):H.
KKK:E*!6*4E4)?6*!?@)//!?M:4?):H.C
KKK:*4?1,01::H.
KKK:J @::H.C4//!E,41@C  
&
7= ." 0.7= & 8= ." ?=78 0.7=8 &.=.%70&C M
!HE!?@
@7 ?,& M ?1. 4,&4 E
,8 .*(, =& .?,%7 /$-9;- !/#$> M 4?!?E 4/&
7.8 ,
,=( 7.8 )1H0 0)!@ ,1E?4 M

4*1 6 ,.! M )1H0

& .*,
% ." .?=?7 7(8 , .,., /-$9!/-#9 M
/,?! ,/4L
7.0%, 7(,=8
(8=.7C ."
7= (, =& 7@( ." .(*
, .*(=(* &,% M 4/,1 44?!

*! ?!&!?!1!@ 41 E*,@ 6)! 4H/ *!/6 M4H E4 E*,1. 4HE 64@@,/! , !@ 1 4H/
! H@! E4 @H664?E 1M @E?E,1) 64,1E: 4H 0M 6?!&!? E4 !L6/4?! 1 ?!@641 E4 4E*!?
?E,@E@ ,0)!@ K!@,E!@ 1 6H/,E,41@:
!

(GB(5



1M ?E,@E@ *J! !6,E! ,064@,1)
?*,E!EH?! @H* @ &E4?,!@ ?, )!@ 4,/
?,)@ 64K!? 6/1E@ 0@ 1 K,1 EH?,1!@ E4
?!&/!E 4E* E*! 6*M@,/ 1 J,@H/ ,06E 4&
E*!@! 6/!@:
?! E*!?! ,1E!?!@E,1) 6/!@ E*E
M4H 4H/ ?!4? 1 ?!6?!@!1E ,1  KM E*E
@*4K@ E*!,? 64K!? 1 @E?!1)E*<
EH?/ &4?!@ *J! ?!E! @,E!@ 4& )?!E
64K!? 1 !HEM @H* @ J!@ /,&& &!@
J4/14!@ 1 KE!?&//@: 4K 4H/ M4H
!L6?!@@ E*! K!+,1@6,?,1) !1!?)M 1 0,)*E
4& @H* 6/!@<
*4E4)?6*!?@ 1 ?E,@E@ *J! ?!4? !
E*! !&&!E@ 4& 1EH?/ 1 01+0 !
,@@E!?@ E*! *4??4?@ 4& K? 1 4E*!?
0-4? !J!1E@: 4K 4H/ M4H !L6/4?! E*!
,06E 4&  @,)1,&,1E ,1, !1E ,1 M4H? 4K1
1!,)*4H?*44 4?  6/! M4H *J! J,@,E! <

@  @E?E,1) 64,1E &4? M4H? K4?. M4H 4H/
4H0!1E E*! @E?!@@!@ 4& K!E*!?,1) &?40
?,1 K,1  &?4@E 1 @H1/,)*E 4? E*! &4?! 4&
*H01 H@! 4? 1!)/!E 41 H?1 1 40!@E,
!1J,?410!1E@: 4H 0,)*E 41@, !? @H&&!
1 6!!/,1) 6,1E & ! 1 E4?1 E!LE,/!@
?.! 0@41?M ?H@E! 0!E/ K?6! K44
4? ?4.!1 )/@@ 1 E,/!@:

#1&2 #&1
4/ !1 E!
0(,=(,%

*(6<69& 1(
4?1!/, ?.!?
M 4 K,1
!1) .1)
4?,@ /! 4
,004 4E!//
J!
?H6
KKK:0!E0H@!H0:4?)
KKK:EE!:4?):H.
KKK:/,&E41?, )!:4?):H.C
KKK::4:H.C@,!1!C!?E*C4//!E,41@C04H1EIJ!@HJ,H@
KKK:! !/01)//!?M:40C0,@?*G2:*E0
KKK:)H? ,1:4:H.C!1J,?410!1ECGO5OC-H/CGBC4&&@*4?!+
EH?,1!+?,E,1
& .8= .7* ." .+0(( M 4/,1
0!?M ?,1 H??1 1

1 ?!K //!+ ?,//

+7 (, =& (**8 & (" , .7) ." 3
3 .?&7 M
4/M 0,E*
7?,* & , &. ?(*= =& .7* M E!J!1 ?,1 /! 1
1 ?H,.@*1.
& .7*68 7(=% & 8='**(,% ?( =. =& .8=
B=7.7(,7C *8 M 
&0 C 7 M 41 H//,1
?77(,8 M !M04H? ,041

*! ?!&!?!1!@ 41 E*,@ 6)! 4H/ *!/6 M4H E4 E*,1. 4HE 64@@,/! , !@ 1 4H/
! H@! E4 @H664?E 1M @E?E,1) 64,1E: 4H 0M 6?!&!? E4 !L6/4?! 1 ?!@641 E4 4E*!?
?E,@E@ ,0)!@ K!@,E!@ 1 6H/,E,41@:
(GB(5

 



 
6EH?,1) E*! !&&!E@ 4& E*! 1EH?/ &4?! 4&
41E?@E,1) K!E*!? 41 1 H?1 @HH?1
4? ?H?/ /1 @6! 4H/ 6?4J, ! M4H K,E* 1
,1E!?!@E,1) @E?E,1) 64,1E:
4H 4H/ !L6/4?! E*! &4?!@ 4& 1EH?! H@,1)
E*! !/!0!1E@ 4& KE!? &,?! !?E* 4? K,1
E*!0@!/J!@:
! H@! 0!E6*4? E4 !@?,! E*! 64K!? 1
!&&!E 4& E*! 1EH?/ &4?!@ K! !L6!?,!1!:
4? !L06/! =/66,1)> E*H1 !? =*4K/,1)>
K,1 @ =/1.!E@> 4& @14K 1 =04H1E,14H@>
KJ!@: 4H 4H/ H@! J,@H/ 0!E6*4?@ /,.!
E*!@! @  @E?E,1) 64,1E &4? 1 ,0),1E,J!
,1E!?6?!EE,41 4& E*! !&&!E@ 4& 1EH?/ &4?!@:
H01@ 1,0/@ 1 6/1E@ *J! !J!/46!
KM@ ,1 K*,* E4 6?4E!E E*!0@!/J!@ 4?
!1!&,E &?40 1EH?/ &4?!@: 4H/ E*!
,&&!?!1E KM@ E*E E*!@! &4?0@ 4& /,&! !,E*!?
?!@,@E 4? *?1!@@ 1EH?/ &4?!@ 6?4J, !
,1@6,?E,41 &4? M4H? K4?.<
4H 0,)*E ! ,1@6,?! M !L6!?,0!1E@
04 !/@ ,//H@E?E,41@ 1 ,)?0@ H@! E4
!L6/,1 @,!1E,&, &4?!@: 4H/ M4H H@! E*!@!
@4H?!@ @  @E?E,1) 64,1E E4 ?!E! ,0)!?M
4? ?E!&E@ 4& M4H? 4K1<

*2,# &&*1 $&&$' 91(1

14K E4?0 $ E!0+4E 4&&  ?4H?>@ 4HE*
0(,=(,%

*(6<69& 1(
,// ,4/
?* H@
?!1!
1E41
?,!/ K!
E@H@*,. 4.H@,
?1!@E4 !E4
KKKG:EE!:4?):H.C,06CHE4HE@+0E,@@!:@*E0/
KKK:4H0:4L::H.C
*EE6CCK!:0,E:! HC-!/*!?CKKKC1,0:*E0/
KKK:M4HEH!:40CKE*<J%)L,+)
KKK:E,0.14K/!@:4:H.CK4?.CE?!! ?K,1)@CE, CGB'C
!&H/E:@6L
KKK:,?!1!+1E41+ !@,)1: !C

,. (7.8&(% 8=7 ."
0,8 )(C.' ..*.) 7(,=8
M
!/! */40@
?(, 7? (,=(,% .0* M ?* 4K)E! ?E,1
M&4? 1 J, 4.1!M
&
7= ." (** (.* M *?,@ 4K1@!1 1 M1E*, ?!!/1

78& .?78 (, .78 , .=(., M 0,/M 4*1

7= 4 (, M E!6*!1 ,/@41 1 ,//!@ !?E41
'=7+ '7C M ,. !@!M

*! ?!&!?!1!@ 41 E*,@ 6)! 4H/ *!/6 M4H E4 E*,1. 4HE 64@@,/! , !@ 1 4H/
! H@! E4 @H664?E 1M @E?E,1) 64,1E: 4H 0M 6?!&!? E4 !L6/4?! 1 ?!@641 E4 4E*!?
?E,@E@ ,0)!@ K!@,E!@ 1 6H/,E,41@:
4

(GB(5

 
1 H@E?,/ 1 40!@E, 0*,1!?M 0.!@
H@! 4& &4?! E4 406/!E! *!JM E@.@ 4?
01H&EH?! )44 @:
4H/ M4H ,1J!@E,)E! E*! 66!?1! 4&
0*,1!@ 4? E*!,? 40641!1E@ &4? !L06/!
/!J!?@ 6H//!M@ 01)/!@ 4? ?4//!?@ E4 !J!/46
M4H? ?!@641@!<
41@, !? E*! 01M KM@ ,1 K*,* K!
!@,)1 1 0.! &H1E,41/ 4-!E@ @H* @
&H?1,EH?! /4E*,1) 1 *4H@!*4/ HE!1@,/@:
4H/ M4H ?!4? 6?4!@@!@ 4& 01H&EH?!
&4? !L06/! !1 ,1) @E?!E*,1) EK,@E,1)
@04.,1) 6 ,1) 1 /,1) E4 ?!E!
,1E!?!@E,1) K4?.<
H01 !,1)@ *J! 4&E!1 H@! 4-!E@ 4&
!4?E,41 1  4?10!1E E4 &4?! E*!,?
4 ,!@ E4 &4?0 ,&&!?!1E @*6!@ @H* @
1!. !LE!1 ,1) 6,!?,1)@ 1 &44E,1 ,1)@:
4K 0,)*E M4H !L6?!@@ ,&&!?!1E H/EH?/
6!?!6E,41@ 4& !HEM<

?E,@E@ 4&E!1 &4?! H@ E4 /44. E 4? ,1?M
4-!E@ ,1 1!K KM@ M /E!?,1) E*!,? @/!
4/4H? @*6! 4? H@,1) ,141)?H4H@ 0E!?,/@
E4 0.! E*!0: 4H/ M4H !L6/4?! @,0,/?
, !@ 1 E!*1,;H!@ E4 0.! M4H? H ,!1!
J,!K  &0,/,? 4? H1?!0?./! 4-!E ,1 
1!K KM<

:$
((2&=
K,1) 4K
8?*0=?7

*(6<69& 1(

!1 ,1)H!/M
,// 44 ?4K
/!@ / !1H?)
!! 4?1

/!L1 !? H!!1
,J,!11! !@EK44
KKK:04@,:4?):H.C!L6/4?!+04@,C!L6/4?!+04@,+E*!0!@C
6!46/!C*4H@!*4/ +66/,1!@:@6L
*EE6CCK!:6?0:4L::H.C4 M?E@C
KKK:*4?1,01::H.CJ,@,ECH??!1E+!L*,,E,41@
KKK:@EM/!:40C@EM/!&,/!CGO5OCO"C*!!/+/!@@+@*4!@++?,!&+
*,@E4?MC
KKK:@,06/!)? !1?E:40CIE46,?,!@I!@6/,!?I4&I6/1E@:
*E0
KKK:?!!+*4?1: !C6)!@C,1 !LI!1):*E0/
.7= )(,
.7* ?7@C ." .C
7= M ?/ ?41,1)
1 !? ,11
1E41
,7A7 8&(., (, =(* M /!?, M11
=?(. ?7,(=?7 ." =& ,A() **7C +(=&8.,(,
+7(,

7= ?8?+ M @? : ,EN)!?/

*B,7 ?, ,(?8 ."  ,7=(., M ?,@E,1 14L
& 7(%(,8 ." ?,) 8&(., (@(,, 8=A.. M *?/4EE!

!/, !
B=(*8 .A M ?H@,// 4/!

*! ?!&!?!1!@ 41 E*,@ 6)! 4H/ *!/6 M4H E4 E*,1. 4HE 64@@,/! , !@ 1 4H/
! H@! E4 @H664?E 1M @E?E,1) 64,1E: 4H 0M 6?!&!? E4 !L6/4?! 1 ?!@641 E4 4E*!?
?E,@E@ ,0)!@ K!@,E!@ 1 6H/,E,41@:
(GB(5

 



4H 0,)*E !L6!?,0!1E K,E* ,&&!?!1E 0! ,
1 0E!?,/@ M H@,1)  ?1)! 4& &4?!@ 41
E*!0 @H* @ 6?!@@,1) ?H@*,1) 6H@*,1)
6H//,1) 6?,@,1) 4? @E?!E*,1) @  @E?E,1)
64,1E &4? M4H? K4?.:
1 ,J, H/@ 1 H1,E! E4 !40!  &4?! &4?
*1)! 4? ?!@,@E1!: 4H/ E*! E,J,E,!@
4& 06,)1,1) 4?)1,@E,41@ 4? 6?4E!@E
04J!0!1E@ ,1@6,?! ,0)!@ 4& E*! 64K!? 4&
)?4H6@<
4H/ E*! K4?. 4& ?E,@E@ K*4 0.! ?!E,J!
H@! 4& &4?!@ @H* @ !/!E?,,EM 0)1!E,@0
/,)*E 4? K!,)*E ,1 E*!,? K4?. ,1@6,?! E*!
!J!/460!1E 4& M4H? ?!@641@!<
4H 4H/ !L6/4?! E*! 6?4 HE,J! 1
!@E?HE,J! &4?!@ H@! ,1 ,1 H@E?M 4?
)?,H/EH?! &4? !L06/! &E4?M &?0,1)
,1  J,@H//M ??!@E,1) KM E4 *,)*/,)*E E*!
64@,E,J! 1 1!)E,J! @6!E@ 4& E*!@!
E,J,E,!@:
1M ,1E!?!@E,1) E,J,E,!@ 1 ?,EH/@ *J!
!!1 1 41E,1H! E4 ! 6!?&4?0! E4 //
41 E*! &4?!@ 4& )44  4? K? 4&& E*! &4?!@
4& !J,/: 4H/ M4H H@! E*!@! , !@ @  @,@
&4? M4H? ?EK4?.<

((( %*1
1! ,!!
8?*0=?7

*(6<69& 1(
!1@*!  ,@*01
,404 //
?/ /.
@@,/M 1 ,1@.M

.@41 4//4.
?,! ? !1
KKK:@H/6EH?!:4?):H.C?E,@EC'OC,//+K44 ?4K
KKK:@E*,+)//!?M:4:H.C?E,@E@C ,?.I@.?!!?G:*E0
KKK:1E,41/)//!?M:4?):H.CJ,@,E,1)C@4H1 @+4&+E*!+)//!?M
KKK:&/,.?:40C6*4E4@CE,1E4?MC@!E@CAG5'ABG'5"'2A'G5FC
*EE6CC4H6MK//@E:4?)C
KKK:10,:@,:! HC@!?*4//!E,41@C*40!:@6L
& * , +* (%?7 (, .=(., :D *88( &.=.%70&(
5?,8 1.@7
,=.+C ".7
7=(8=82 M  K!?
HM?, )!
.@(,% ?*0=?78 ! B(+(*(, 7&8 M !?E*4/ *0,EE
1 !,1N 6,!/011
& 7=   &.=.%70&78 M *!  ,E4?@ 4& ,&! 1

4*1 4!1)?
&
,(+=(., (*
?( =. @7C=&(,% ! "7.+ *(0..)8
=. *8& M H?!!1 H?1,@@
.%8 , .%?
,=?7C ." ,(, &( M
H ,E* EE

*! ?!&!?!1!@ 41 E*,@ 6)! 4H/ *!/6 M4H E4 E*,1. 4HE 64@@,/! , !@ 1 4H/
! H@! E4 @H664?E 1M @E?E,1) 64,1E: 4H 0M 6?!&!? E4 !L6/4?! 1 ?!@641 E4 4E*!?
?E,@E@ ,0)!@ K!@,E!@ 1 6H/,E,41@:


(GB(5




!46/! 1 ! 4J!?K*!/0! M E*! &4?! 4&
E*!,? !04E,41@ 1 ?E,@E@ *J! 64?E?M!
&!!/,1)@ @H* @ &!? /4@@ -4M 1 1)!? ,1
?!6?!@!1EE,41/ @M04/, 1 @E?E KM@:
4K 4H/ M4H !@?,! 64K!?&H/ &!!/,1)@ ,1
 J,@H//M ,0),1E,J! KM<
*!1 K! 1/M@! E*! K4?. 4& ?E,@E@ K!
@40!E,0!@ E?M E4 H1 !?@E1 E*! E*,1.,1)
!*,1 E*! ,0)!?M: 40! ?E,@E@ !L6/,1 1
4H0!1E E*!,? , !@ HE 4&E!1 K! 1 41/M
,0),1! K*E ,1@6,?! 1 ,1&/H!1! E*!0:
4H/ M4H ?!@641 E4 , !@ ,1  6,!! 4&
?EK4?. E*E !/@ K,E* E*! E*!0! 4& &4?!<
,@H/ ?E,@E@ ?! 4&E!1 ,1@6,?! M 0H@,
64!E?M 1 1!: 4H/  @41) 1!
6,!! 4& 0H@, &,E,41 64!E?M 6?4@! 4? E*!
@64.!1 K4? 4HE E*! E*!0! 4& &4?! ,1@6,?!
M4H? 4K1 ?!@641@!<
4K 0,)*E M4H J,@H//M 64?E?M H1@!!1
&4?!@ @H* @ K,//64K!? ?!@,/,!1! 4? ,11!?
@E?!1)E*<
4K 0,)*E E*! 6@@)! 4& E,0! &4?! *1)!
41 6!46/! 6/!@ 1 4-!E@<
1 ,0),1!
K4?/ 4& E*! &HEH?! 4H/ ,1@6,?! , !@ &4? E*!
E*!0!:

6*2#$
$6'91

1)?M
?E*H?
(**?8=7=(.,

*(6<69& 1(
J!@ /!,1

!@@, ?!06

4@!6* !HM@
?. 4E*.4
4M ,*E!1@E!,1
4H/ H&M
KKK:-!@@,E?!06:40C3HE++&/!!E,1)+E4H*
KKK:04 !?1?E:1!ECJ,!K:*E0/<, %5F'O"J,!K%G
KKK:?,E,@*0H@!H0:4?)C/!?1,1)C@*44/@I1 IE!*!?@C
?!@4H?!@C//I?!@4H?!@+5C?!@4H?!IE*?41!I4&IK!641@:
@6L
KKK:-H6,E!??E/1 :4?)C?EK4?.C5CK!!6,1)9GO),?/@
KKK:/,*E!1@E!,1&4H1 E,41:4?)C&?0!@:*E0
KKK:EE!:4?):H.C?EC?E,@E@C&?1,@+41+B"G
()(  (,= &** M E?,.
@/41
*88( .=7C
, **?8=7= .**=(., M ,*!/ 4@!1
1 H/ 4K?
+.=(.,8 @* ,78=,(,% 8 , *(,%8
M ?4& H/ .01
(&* .8,68  ..) M ,*!/ 4@!1 1 H!1E,1
/.!
.*.?7 , ,(,%
7= (, , C+.*(8+ M
4*1
)!

,%7C
7=&?7 M ,KM1 ?0

*! ?!&!?!1!@ 41 E*,@ 6)! 4H/ *!/6 M4H E4 E*,1. 4HE 64@@,/! , !@ 1 4H/
! H@! E4 @H664?E 1M @E?E,1) 64,1E: 4H 0M 6?!&!? E4 !L6/4?! 1 ?!@641 E4 4E*!?
?E,@E@ ,0)!@ K!@,E!@ 1 6H/,E,41@:
(GB(5

 

1(26* 6*
,06/! 1 ,)*E @  ?!0#E*! ?J,EM 41>E ,!#

H@E 4J!@ E*! ,0!

8?*0=?7
*1(&$ 1%1
4/ ?. EE!?
1 L6/4 ! ,!K
(,8=**=(.,

$1% %11
?@*5
8?*0=?7

(%(*;(
16$26
H!!1 /,N!E*
0(,=(,%

+>

(GB(5

:1 9(#
!6?E,41
0(,=(,%

(" %("
*! 40!/1 !?,!@
0(,=(,%

*1$2 &*
*,4/!E*
(,8=**=(.,

91 *1
!!6,1) ,?/@
8?*0=?7

(GB(5

++

 

(%(*;(
16$26
&*) 0@+,= 7A(,%
7&?40 H6M ./1 6?4E!@E 04J!0!1E8
 !E!? 4*/!?  ,0!@

#1$26$( 1166 1$(%'(

! 4/ @
8?*0=?7

: $&16
 , 401!, E E*! ?E&4? ,J, !1E?!
52AA
0&.=.%70&

9% 11'

!4/H@
4H@E, ,1
J,/,41
8?*0=?7

J!?M !&&4?E *@ !!1 0 ! E4 41EE 46M?,)*E *4/ !?@ E4 4E,1 E*!,? 6!?0,@@,41 &4? E*! H@! 4& 46M?,)*E 0E!?,/:
 !L!/  6?4 HE 4& !?@41  HE,41 E : K,// ,& 14E,&,!  ! *66M E4 ?!E,&M 1M !??4?@ 4? 40,@@,41@ 1 ,1/H ! 1M
@H* ?!E,&,E,41@ ,1 &HEH?! ! ,E,41@:
+8

(GB(5