U+
HhH725.H&R45SH*5'H.
=0#1#!N)%O#'%2#1!U%''!0#'3!W4)!/4!3'&2!W4)$!#e#$-%1#!
3$4N$&*7!@4$!O#/&%'#O!#e#$-%1#!%264$*&/%42R!4+/&%2!&!
$#3)/&+'#!+44P!4$!-421)'/!W4)$!30W1%-%&27!J#*#*+#$R!
3$43#$!2)/$%/%42!&2O!&O#f)&/#!$#1/!&$#!#11#2/%&'!64$!
1)--#116)'!$#1)'/17
HhH725.H&5')H'.5)K
.0#/0#$!W4)$!N4&'!%1!/4!+)$2!6&/!4$!/4!1/$#2N/0#2!W4)$!
-&$O%45&1-)'&$!1W1/#*R!#e#$-%1%2N!&/!/0#!3$43#$!%2/#2:
1%/W!%1!/0#!P#W!/4!&-0%#5%2N!$#1)'/17![4)!-&2!)1#!W4)$!
0#&$/!$&/#!&1!&!N)%O#!/4!6%2O!/0#!3$43#$!%2/#21%/W!'#5#'7!
=0#!-0&$/!+#'4U!104U1!$#-4**#2O#O!0#&$/!$&/#1!64$!
6&/!+)$2%2N!&2O!&#$4+%-!#e#$-%1#7
=4!6%2O!/0#!3$43#$!%2/#21%/W!'#5#'R!6%2O!W4)$!&N#!&/!/0#!
+4//4*!46!/0#!-0&$/!B&N#1!&$#!$4)2O#O!466!/4!/0#!2#&$:
#1/!/#2!W#&$1G7!=0#!/0$##!2)*+#$1!'%1/#O!&+45#!W4)$!
&N#!O#6%2#!W4)$!k/$&%2%2N!X42#7l!=0#!'4U#1/!2)*+#$!%1!
/0#!0#&$/!$&/#!64$!6&/!+)$2%2NR!/0#!*%OO'#!2)*+#$!%1!/0#!
0#&$/!$&/#!64$!*&e%*)*!6&/!+)$2%2NR!&2O!/0#!0%N0#1/!
2)*+#$!%1!/0#!0#&$/!$&/#!64$!&#$4+%-!#e#$-%1#7
T:/<0<C&P1;p=4!+)$2!6&/!#66#-/%5#'WR!W4)!*)1/!#e#$:
-%1#!&/!&!'4U!%2/#21%/W!'#5#'!64$!&!1)1/&%2#O!3#$%4O!46!
/%*#7!,)$%2N!/0#!6%$1/!6#U!*%2)/#1!46!#e#$-%1#R!W4)$!
+4OW!)1#1!-&$+40WO$&/#!-&'4$%#1!64$!#2#$NW7!82'W!&6/#$!
/0#!6%$1/!6#U!*%2)/#1!46!#e#$-%1#!O4#1!W4)$!+4OW!+#N%2!
/4!)1#!1/4$#O!6&/!-&'4$%#1!64$!#2#$NW7!A6!W4)$!N4&'!%1!/4!
+)$2!6&/R!&Oc)1/!/0#!%2/#21%/W!46!W4)$!#e#$-%1#!)2/%'!W4)$!
0#&$/!$&/#!%1!2#&$!/0#!'4U#1/!2)*+#$!%2!W4)$!/$&%2%2N!
X42#7!@4$!*&e%*)*!6&/!+)$2%2NR!#e#$-%1#!U%/0!W4)$!
0#&$/!$&/#!2#&$!/0#!*%OO'#!2)*+#$!%2!W4)$!/$&%2%2N!
X42#7
3$/"A09&HV$/90=$pA6!W4)$!N4&'!%1!/4!1/$#2N/0#2!W4)$!
-&$O%45&1-)'&$!1W1/#*R!W4)!*)1/!3#$64$*!&#$4+%-!
#e#$-%1#R!U0%-0!%1!&-/%5%/W!/0&/!$#f)%$#1!'&$N#!&*4)2/1!
46!4eWN#2!64$!3$4'42N#O!3#$%4O1!46!/%*#7!@4$!&#$4+%-!
#e#$-%1#R!&Oc)1/!/0#!%2/#21%/W!46!W4)$!#e#$-%1#!)2/%'!W4)$!
0#&$/!$&/#!%1!2#&$!/0#!0%N0#1/!2)*+#$!%2!W4)$!/$&%2%2N!
X42#7
L67X64)&R45SH*5'H.
L1/@0<C&48p"/&$/!U%/0!`!/4!9<!*%2)/#1!46!1/$#/-0:
%2N!&2O!'%N0/!#e#$-%1#7!L!U&$*:)3!%2-$#&1#1!W4)$!+4OW!
/#*3#$&/)$#R!0#&$/!$&/#R!&2O!-%$-)'&/%42!%2!3$#3&$&/%42!
64$!#e#$-%1#7!
)/10<0<C&i"<$&HV$/90=$p?e#$-%1#!64$!D<!/4!E<!*%2:
)/#1!U%/0!W4)$!0#&$/!$&/#!%2!W4)$!/$&%2%2N!X42#7!B,)$%2N!
/0#!6%$1/!6#U!U##P1!46!W4)$!#e#$-%1#!3$4N$&*R!O4!24/!
P##3!W4)$!0#&$/!$&/#!%2!W4)$!/$&%2%2N!X42#!64$!'42N#$!
/0&2!D<!*%2)/#17G!>$#&/0#!$#N)'&$'W!&2O!O##3'W!&1!W4)!
#e#$-%1#m!2#5#$!04'O!W4)$!+$#&/07
2""%0<C&S"F<p@%2%10!U%/0!`!/4!9<!*%2)/#1!46!1/$#/-0:
%2N7!"/$#/-0%2N!%2-$#&1#1!/0#!6'#e%+%'%/W!46!W4)$!*)1-'#1!
&2O!0#'31!/4!3$#5#2/!341/:#e#$-%1#!3$4+'#*17
HhH725.H&P7Hg4H'2K
=4!*&%2/&%2!4$!%*3$45#!W4)$!-42O%/%42R!-4*3'#/#!/0$##!
U4$P4)/1!#&-0!U##PR!U%/0!&/!'#&1/!42#!O&W!46!$#1/!
+#/U##2!U4$P4)/17!L6/#$!&!6#U!*42/01!46!$#N)'&$!#e#$:
-%1#R!W4)!*&W!-4*3'#/#!)3!/4!6%5#!U4$P4)/1!#&-0!U##PR!
%6!O#1%$#O7!J#*#*+#$R!/0#!P#W!/4!1)--#11!%1!/4!*&P#!
#e#$-%1#!&!$#N)'&$!&2O!#2c4W&+'#!3&$/!46!W4)$!#5#$WO&W!
'%6#7
&&&&L37'5'Rb&T$B"/$&A$C0<<0<C&;?0=&
"/&1<M&$V$/90=$&8/"C/1@N&9"<=:%;&M":/&8?M=0>
901<(&)?0=&0=&$=8$901%%M&0@8"/;1<;&B"/&8$/="<=&
"E$/&1C$&UW&"/&8$/="<=&F0;?&8/$>$V0=;0<C&
?$1%;?&8/"A%$@=(
)?$&?$1/;&/1;$&@"<0;"/&0=&<";&1&@$#091%&#$E09$(&
J1/0":=&B19;"/=&@1M&1BB$9;&;?$&199:/19M&"B&
?$1/;&/1;$&/$1#0<C=(&)?$&?$1/;&/1;$&@"<0;"/&0=&
0<;$<#$#&"<%M&1=&1<&$V$/90=$&10#&0<&#$;$/@0<>
0<C&?$1/;&/1;$&;/$<#=&0<&C$<$/1%(