CDU(L@G@3,XLÆ

%FW².­I­UNZBN
r(¯F@1X$ML
]]°S²EVSH­ZBJOBNBÁ]]

 Vr(¯F@1RÏYS(
]]BUIB°S²EVSH­TBQUB°BU²]]

eVL@D7X@X
QSBUIBNPEIZ­ZBÁ

HUHMX@DF
WJOJZPHBÁ

2Xr(eVLBHQ`2Xg|@;HLG@J@K(

BTZB°S²QSBUIBNBDBSJUSBTZB]CSBIN­®¹JÁ]NBI­L­M²
%FW².­I­UNZBNPage 2 of 150

CDUS@F@X`(#-CM-C@YHÄQÄCH-SJ@

EFWBU­]H­ZBUS²DIBOEBÁ]OBOE­°BLUJÁ]SBLUBEBOUJL­

A(ILÆ Hƒ2S_ULÆ;&UDC2UmOLÆ

C²KBN]BHOJTUBUUWBN]®HWFEBÁTWBSÄQBN]

r(LG@J@K(e(3XVD1eVLBHQ`IODHUHMX@DF
°S²NBI­L­M²QS²UZBSUIFQSBUIBNBDBSJUSBKBQFWJOJZPHBÁ]

7X@MLÆ
]EIZ­OBN]

?NEFBÖFCDTB@OOHQÇ@°#4KÃTYTZE(ŸHYQ
PNLIBºHB©DBLSBHBEF¹VD­QBQBSJHI­¸DIÄMB©CIV°V´º²©°JSBÁ

YœR-CWS(ŸJQ$HvMXM@RU@1ØÃ4@US@LÆ
°BµLIB©TBOEBEIBU²©LBSBJTUSJOBZBO­©TBSW­µHBCIĹ­W®U­N]

M(K@9L
THSL@2XO@CCYJ@RDUDLG@J@HKJ@
O²M­°NBEZVUJN­TZBQ­EBEB°BL­©TFWFNBI­L­MJL­©

X@L2S@$32UHOSDGQ@$JLKI@DG-STLWTJ@$PÃLÆ
Z­NBTUBVUTWBQJUFIBSBVLBNBMBKPIBOUV©NBEIV©LBV¾BCIBN]]

?MLoHZEJ@X$
PNOBNB°DB´ºJL­ZBJ]]
%FW².­I­UNZBNPage 3 of 150

?DL@J1ZEDXU@B 
PNBJ©N­SLB´ºFZBVW­DB]]]]

R@UH:1R4X1SMX@DX@DLMTJ6XSDuL
T­WBS´JÁTÄSZBUBOBZPZPNBOVÁLBUIZBUF¹¾BNBÁ]

HMY@LXS¯3OH^HU2SQ@¶CS@DLL 
OJ°­NBZBUBEVUQBUUJ©WJTUBS­EHBEBUPNBNB]]]]

LG@L@X@MTÃ@UDMXV@L-U-SQ@HWO
NBI­N­Z­OVCI­WFOBZBUI­NBOWBOUBS­EIJQBÁ]

RAÃ4ULG@Ã@FR@UH:12SMX@DQUD 
TBCBCIÄWBNBI­CI­HBÁT­WBS´JTUBOBZPSBWFÁ]]]]

2U@Q@DHBD-SQDO4U’B$`UYRLTaU
TW­SPDJ¹FOUBSFQÄSWB©DBJUSBWB©°BTBNVECIBWBÁ]

RTQV@DM@LQ@I@Ã43RL2SDH<HSLZEKD 
TVSBUIPO­NBS­K­CIÄUTBNBTUFL¹JUJNB´ºBMF]]]]

S2XO@KXSR,XJeI@OT`@HMU@$QR@MÆ
UBTZBQ­MBZBUBÁTBNZBLQSBK­ÁQVUS­OJWBVSBT­O]

AÃ4UTY`U@DÃ4O@J@DK@HU7UHRM2SC@ 
CBCIÄWVÁ°BUSBWPCIÄQ­ÁLPM­WJEIWB©TJOBTUBE­]]]]
%FW².­I­UNZBNPage 4 of 150

S2XS$QÃUCXTµLHSeAKCHZEM
UBTZBUBJSBCIBWBEZVEEIBNBUJQSBCBMBEB´ºJOBÁ]

-X4M$QHORS$XT1µDJ@DK@HU7UHRHÃHI1S 
OZÄOBJSBQJTBUBJSZVEEIFLPM­WJEIWB©TJCIJSKJUBÁ]]]]

SS2UOTQL@X@S@DHMICDY@HWO@DÃUSÆ
UBUBÁTWBQVSBN­Z­UPOJKBEF°­EIJQPCIBWBU]

@Ö@-SRLG@Ã@F2S$2SC@eAK@HQHÃ 
­LS­OUBÁTBNBI­CI­HBTUBJTUBE­QSBCBM­SJCIJÁ]]]]

L@3X$A1HKHï1u$¯1A1K2X¯Q@3LHÃ
BN­UZBJSCBMJCIJSEV¹¾BJSEVSCBMBTZBEVS­UNBCIJÁ]

J@DY@DAKB@OzSS`@HO2UOTQDSS 
LP°PCBMB©D­QBI®UB©UBUS­QJTWBQVSFUBUBÁ]]]]

SS@DLFX@5X@IDMzS2U@,XRÃ4OHS
UBUPN®HBZ­WZ­KFOBI®UBTW­NZBÁTBCIÄQBUJÁ]

J@J(GXL@kÐIF@LFGMUMLÆ 
FL­L²IBZBN­SVIZBKBH­NBHBIBOB©WBOBN]]]]

RS`@rLL¸@<(HCbIUX12XLDWR
TBUBUS­°SBNBNBES­L¹²EEWJKBWBSZBTZBNFEIBTBÁ]

eY@-Ss@OC@J(:’LTHMHYX@DOY@DHÃSLÆ 
QSB°­OUB°W­QBE­L²S´B©NVOJ°J¹ZPQB°PCIJUBN]]]]
%FW².­I­UNZBNPage 5 of 150

S2V@$JH®3RJ@KBLTHMM@SDMR3J•S
UBTUIBVLB¸DJUTBL­MB©DBNVOJO­UFOBTBUL®UBÁ]

ÅSoDSoHUBQ2SH2LMÆLTHMUQ@rLD 
JUB°DFUB°DBWJDBSB©TUBTNJONVOJWBS­°SBNF]]]]

R@DHB-SX^C@S`LL3U@J•uL@MR
TPDJOUBZBUUBE­UBUSBNBNBUW­L®¹¾BN­OBTBÁ]

L3O4U$1O@HKSO4U’LX@G(MOTQHGSSÆ 
NBUQÄSWBJÁQ­MJUB©QÄSWB©NBZ­I²OB©QVSB©IJUBU]]]]

La¿3X$2S$QRb¿^$W1L1SO@+XSDMU@
NBECI®UZBJTUBJSBTBEW®UUBJSEIBSNBUBÁQ­MZBUFOBW­]

MI@MDReW@M@DLDY4Q@DG2S(RC@LC 
OBK­OFTBQSBEI­OPNF°ÄSPIBTU²TBE­NBEBÁ]]]]

LLU$HQUYX@SJ@MÆÃ@DF@MTOK/2XSD
NBNBWBJSJWB°B©Z­UBÁL­OCIPH­OVQBMBQTZBUF]

XDLL@MTFS@HM3XeR@CWMÃ@DIM$ 
ZFNBN­OVHBU­OJUZB©QSBT­EBEIBOBCIPKBOBJÁ]]]]

MTUH^ŠTUSD
J—U1-3X-XLG(ÃS@LÆ
BOVW®UUJ©EISVWB©UFEZBLVSWBOUZBOZBNBI²CI®U­N]

R,X&5XXY(K$2S$J—U1HaRSS5XXLÆ 
BTBNZBHWZBZB°²MBJTUBJÁLVSWBECIJÁTBUBUB©WZBZBN]]]]
%FW².­I­UNZBNPage 6 of 150

RHBSR@DHS¯NDM<XJ@DY@DFHLXHS
TB¸DJUBÁTPUJEVÁLIFOBL¹BZB©LP°PHBNJ¹ZBUJ]

S×@-X×RSSHB-SX@L@RO@HV1U 
FUBDD­OZBDDBTBUBUB©DJOUBZ­N­TBQ­SUIJWBÁ]]]]

S`HUe@rL@>X@YDU$9XLDJCCY1R
UBUSBWJQS­°SBN­CIZ­°FWBJ°ZBNFLB©EBEBS°BTBÁ]

ROu2SDMJ23UÃ@DGDSTo@FLMD`J 
TBQ®¹¾BTUFOBLBTUWB©CIPIFUV°D­HBNBOFUSBLBÁ]]]]

RY@DJÅUJ2L@_U¯L1M@ÅUKyXRD
TB°PLBJWBLBTN­UUWB©EVSNBO­JWBMBL¹ZBTF]

Å3X@JZX1UB2S2XÃ4OSDe:X@DHCSLÆ 
JUZ­LBS´ZBWBDBTUBTZBCIÄQBUFÁQSB´BZPEJUBN]]]]

e3XTU@BRSU$9XerX@UMS@DMOLÆ 
QSBUZVW­DBTBUB©WBJ°ZBÁQSB°SBZ­WBOBUPO®QBN]]]]

U$9XU@B 
WBJ°ZBVW­DB]]]]

RL@HWM@1LU$9X@DGLT3Oº@DWHMM@J—KD 
TBN­EIJSO­NBWBJ°ZPIBNVUQBOOPEIBOJO­©LVMF]]]]
%FW².­I­UNZBNPage 7 of 150

OT`C@Q$HM1Q2SoWMK@DÃ@CR@WTHÃ
QVUSBE­SBJSOJSBTUB°DBEIBOBMPCI­EBT­EIVCIJÁ]

HUG(MoWM$C@1Q$OT`$Q@C@XLDWMLÆ 
WJI²OB°DBEIBOBJSE­SBJÁQVUSBJS­E­ZBNFEIBOBN]]]]

UML>X@FS@D¯N(HMQ2So@ÏA-WTHÃ
WBOBNBCIZ­HBUPEVÁLI²OJSBTUB°D­QUBCBOEIVCIJÁ]

R@DGMUDH¹OT`@:@J—YK@J—YK@H3LJ@LÆ 
TPIB©OBWFENJQVUS­´­©LV°BM­LV°BM­UNJL­N]]]]

eUH^2UIM@M@BC@Q@:@B@`RH2VS
QSBW®UUJ©TWBKBO­O­©DBE­S­´­©D­USBTB©TUIJUBÁ]

HJMTSD@FGD<DLL<DLHJMTR@,eSLÆ 
LJ©OVUF¹­©H®IFL¹FNBNBL¹FNB©LJ©OVT­NQSBUBN]]]]

JVSDHJMTRb¿^@¯U1^@HJMTLDRTS@ 
LBUIB©UFLJ©OVTBEW®UU­EVSW®UU­ÁLJ©OVNFTVU­Á]]]]

Q@I@DU@B 
S­KPW­DB]]]]

X$HM1Q2S@DÃU@]¢T!W$OT`C@Q@HCHÃW1M$ 
ZBJSOJSBTUPCIBW­ÖMMVCEIBJÁQVUSBE­S­EJCIJSEIBOBJÁ]]]]
%FW².­I­UNZBNPage 8 of 150

SDTHJÃUSxDGLMTAÓ@HSL@MRLÆ 
UF¹VLJ©CIBWBUBÁTOFIBNBOVCBEIO­UJN­OBTBN]]]]

U$9XU@B 
WBJ°ZBVW­DB]]]]

ULDS
V@e@GÃU@M2L¶SUB 
FWBNFUBEZBUI­QS­IBCIBW­OBTNBEHBUB©WBDBÁ]]]]

HJJQ@DHLMAÓ@HSLLHMtTQS@LM
LJ©LBSPNJOBCBEIO­UJNBNBOJ¹¾IVSBU­©NBOBÁ]

X$R3X)XHOSxDGWMKT!W$HM1Q@J•S 
ZBJÁTBOUZBKZBQJU®TOFIB©EIBOBMVCEIBJSOJS­L®UBÁ]]]]

OHS2UIMG@C’BG@HC1SDUDULDLM
QBUJTWBKBOBI­SEB©DBI­SEJUF¹WFWBNFNBOBÁ]

HJLDSº@HÃI@M@HLI@MºHOLG@LSD 
LJNFUBOO­CIJK­O­NJK­OBOOBQJNBI­NBUF]]]]

X3eDLeU:HB^HUFT:DUHOA-WTT
ZBUQSFNBQSBWB´B©DJUUB©WJHV´F¹WBQJCBOEIV¹V]

SD@J•SDLDHMs@R@DC@$L1M2XBI@XSD 
UF¹­©L®UFNFOJÁ°W­TPEBVSNBOBTZB©DBK­ZBUF]]]]
%FW².­I­UNZBNPage 9 of 150

JQ@DHLHJXºLM2SDUe(HSTHMtTQLÆ 
LBSPNJLJ©ZBOOBNBOBTUF¹WBQS²UJ¹VOJ¹¾IVSBN]]]]

L@J1ZEDXU@B 
N­SLB´ºFZBVW­DB]]]]

SS2S@$RHGS@$HUeSLTHMRLTOH2VS@$ 
UBUBTUBVTBIJUBVWJQSBUB©NVOJ©TBNVQBTUIJUBV]]]]

RL@HWM@1LU$9X@DR@$RBO@HV1UR^L
TBN­EIJSO­NBWBJ°ZPTBVTBDBQ­SUIJWBTBUUBNBÁ]

J•3U@STS@$XV@-X@XXV@G’SDMRHUCLÆ 
L®UW­UVUBVZBUI­OZ­ZB©ZBUI­SIB©UFOBTB©WJEBN]]]]

OHUu@$JV@J@Ho×ÖSTU$19XO@HV1U@$ 
VQBWJ¹¾BVLBUI­ÁL­°DJDDBLSBUVSWBJ°ZBQ­SUIJWBV]]]]

Q@I@DU@B 
S­KPW­DB]]]]

ÃFU23U@LGeuTHL"#@,XDJUC2USSÆ 
CIBHBWB©TUW­NBIB©QSB¹¾VNJDDI­NZFLB©WBEBTWBUBU]]]]
%FW².­I­UNZBNPage 10 of 150

¯N@XX-LDLMR2UHB^@X^S@HUM@
EVÁLI­ZBZBONFNBOBTBÁTWBDJUU­ZBUUBU­©WJO­]

LL3UFSQ@)X2XQ@)X@ØDUHNKDUHO 
NBNBUWB©HBUBS­KZBTZBS­KZ­µHF¹WBLIJMF¹WBQJ]]]]

I@MS@DHOXV@\2XHJLDS-LTHMR^L
K­OBUPQJZBUI­K¸BTZBLJNFUBONVOJTBUUBNB]

XBHMJ•SOT`$C@1Q$Ã13X$2SV@DH)'S 
BZB©DBOJL®UBÁQVUSBJSE­SBJSCI®UZBJTUBUIPKKIJUBÁ]]]]

2UIMDMBR3XÄ2SDTG@C(1SV@/XHS
TWBKBOFOBDBTBOUZBLUBTUF¹VI­SE²UBUI­QZBUJ]

ULDSV@GBb@U/X3X-S¯HNS@$ 
FWBNF¹BUBUI­IB©DBEW­WBQZBUZBOUBEVÁLIJUBV]]]]

}uC@DDHOHUXDLL3U@J•uL@MR@$
E®¹¾BEP¹FQJWJ¹BZFNBNBUW­L®¹¾BN­OBTBV]

SH3JLDS-LG@Ã@FX-L@DG@D\@HMM@DQHO 
UBULJNFUBONBI­CI­HBZBONPIPK¸­OJOPSBQJ]]]]

LL@2XBÃU3XD@HUUDJ@-W2XL4%S@ 
NBN­TZBDBCIBWBUZF¹­WJWFL­OEIBTZBNĺIBU­]]]]
%FW².­I­UNZBNPage 11 of 150

;HkU@B 
®¹JSVW­DB]]]]

\@MLH2SRL2S2XI-S@DHU1XF@DBQD 
K¸­OBNBTUJTBNBTUBTZBKBOUPSWJ¹BZBHPDBSF]]]]

HUX@oLG@Ã@FX@H-SB$UOV*OVJ
WJ¹BZ­°DBNBI­CI­HBZ­OUJDBJWB©Q®UIBLQ®UIBL]

HCU@-W@e@H:MJDHB¸@`@U-W@2SV@OQD 
EJW­OEI­ÁQS­´JOBÁLFDJES­US­WBOEI­TUBUI­QBSF]]]]

JDHBH´U@SV@Q@`@$e@H:M2ST+X}uX
LFDJEEJW­UBUI­S­USBVQS­´JOBTUVMZBE®¹¾BZBÁ]

\@HMM@DLMTI@R3XHJSTSDMHGJDUKLÆ 
K¸­OJOPNBOVK­ÁTBUZB©LJ©UVUFOBIJLFWBMBN]]]]

XS@DHG\@HMMRUD1OYTOH<LF@CX
ZBUPIJK¸­OJOBÁTBSWFQB°VQBL¹JN®H­EBZBÁ]

\@MBS-LMTX@:@X^D@LFOH<:@LÆ 
K¸­OB©DBUBONBOV¹Z­´­©ZBUUF¹­©N®HBQBL¹J´­N]]]]

LMTX@:@BX^D@ST+XL-X^V@DÃX@D
NBOV¹Z­´­©DBZBUUF¹­©UVMZBNBOZBUUBUIPCIBZPÁ]

\@MDHORHSO9X$S@MÆOSØ@°#@UB®TT 
K¸­OFQJTBUJQB°ZBJU­OQBUBµH­¸DI­WBDB¸DV¹V]]]]
%FW².­I­UNZBNPage 12 of 150

J:L@D<@}S@MÆL@DG@3O(EL@M@MHO<TW@
LB´BNPL¹­E®U­ONPI­UQ²ºZBN­O­OBQJL¹VEI­]

L@MT@LMTI5X@ŽR@HÃK@@RTS@MÆeHS 
N­OV¹­NBOVKBWZ­HISBT­CIJM­¹­ÁTVU­OQSBUJ]]]]

K@DÃ@SÆe3XTOJ@Q@XM-UDS@MÆHJMO9XHR
MPCI­UQSBUZVQBL­S­ZBOBOWFU­OLJ©OBQB°ZBTJ]

SV@HOLLS@U^D1L@DGFSD1HMO@HSS@ 
UBUI­QJNBNBU­WBSUUFNPIBHBSUFOJQ­UJU­Á]]]]

LG@L@X@eÃ@UD:RR@QH2VHSJ@HQ:@
NBI­N­Z­QSBCI­WF´BTB©T­SBTUIJUJL­SJ´­]

Sº@`HU2LXJ@X@D1X@DFHM¸@IF3OSD 
UBOO­USBWJTNBZBÁL­SZPZPHBOJES­KBHBUQBUFÁ]]]]

LG@L@X@GQDo$@SX@R,L@DÐSDIFSÆ
NBI­N­Z­IBSF°DBJ¹­UBZ­TBNNPIZBUFKBHBU

\@HMM@LHOBDS@HRCDU(ÃFUS(HGR@ 
K¸­OJO­NBQJDFU­©TJEFW²CIBHBWBU²IJT­]]]]

AK@C@J•XL@DG@XLG@L@X@eX"#HS
CBM­E­L®¹ZBNPI­ZBNBI­N­Z­QSBZBDDIBUJ]

SX@HUR)XSDHUsIFCDS×Q@BQLÆ 
UBZ­WJT®KZBUFWJ°WB©KBHBEFUBDDBS­DBSBN]]]]
%FW².­I­UNZBNPage 13 of 150

R$@eRº@UQC@M:@ÃUHSLTÄXD
TBJ¹­QSBTBOO­WBSBE­O®´­©CIBWBUJNVLUBZF]

R@HU
@OQL@LTÄDGD1STÃ4S@RM@SM( 
T­WJEZ­QBSBN­NVLUFSIFUVCIÄU­TBO­UBO²]]]]

RR@QA-WGDSToR$URUD1sQDsQ( 
TB©T­SBCBOEIBIFUV°DBTBJWBTBSWF°WBSF°WBS²]]]]

Q@I@DU@B 
S­KPW­DB]]]]

ÃFUMÆJ@HGR@CDU(LG@L@XDHSX@ÃU@MÆ 
CIBHBWBOL­IJT­EFW²NBI­N­ZFUJZ­©CIBW­O]]]]

gU(HSJVLT3Oº@R@JL@12X@oHJHbI
CSBW²UJLBUIBNVUQBOO­T­LBSN­TZ­°DBLJ©EWJKB]

X3eÃ@U@BR@CDU(X32UmO@X¯aU@ 
ZBUQSBCI­W­DBT­EFW²ZBUTWBSÄQ­ZBEVECIBW­]]]]

S3RU’r@DSTHL"#@HL3U^@Dg|HUC@UQ 
UBUTBSWB©°SPUVNJDDI­NJUWBUUPCSBINBWJE­©WBSB]]]]
%FW².­I­UNZBNPage 14 of 150

;HkU@B 
®¹JSVW­DB]]]]

HM3X$UR@IF-L4HS12SX@RU1HLCSSLÆ 
OJUZBJWBT­KBHBONÄSUJTUBZ­TBSWBNJEB©UBUBN]]]]

SV@HOS3RLT3OH^A1¤W@r4XS@LL
UBUI­QJUBUTBNVUQBUUJSCBIVEI­°SÄZBU­©NBNB]

CDU@M@J@X1HRµV1L@HUÃ1UHSR@XC@ 
EFW­O­©L­SZBTJEEIZBSUIBN­WJSCIBWBUJT­ZBE­]]]]

3OºDHSSC@K@DJDR@HM3X@/XHÃW(XSD
VUQBOOFUJUBE­MPLFT­OJUZ­QZBCIJEI²ZBUF]

X@DFHM¸@XC@HU:TI1F3XDJ@:1U(J•SD 
ZPHBOJES­©ZBE­WJ¹´VSKBHBUZFL­S´BW²L®UF]]]]

@2S(X1YDLÃISÆJ+O@-SDÃFU@MÆeÃT
­TU²SZB°F¹BNBCIBKBULBMQ­OUFCIBHBW­OQSBCIVÁ]

SC@b@URTQ@$Ç@DQ@$HU.X@S@$LWTJ$PÃ@$ 
UBE­EW­WBTVSBVHIPSBVWJLIZ­UBVNBEIVLBJ¾BCIBV]]]]

HU:TJ:1LK@Da”S@$G-STg|@:LT
S@$
WJ¹´VLBS´BNBMPECIÄUBVIBOUV©CSBIN­´BNVEZBUBV]

RM@HÃJLKDHU:@DH2VS@Dg|@eI@OHS 
TBO­CIJLBNBMFWJ¹´PÁTUIJUPCSBIN­QSBK­QBUJÁ]]]]
%FW².­I­UNZBNPage 15 of 150

}PU@S@URTQ@$B@D@$eRTÏBIM@C1MLÆ
E®¹¾W­U­WBTVSBVDPHSBVQSBTVQUB©DBKBO­SEBOBN]

STu@UX@DFHM¸@S@LDJ@zCXH2VS 
UV¹¾­WBZPHBOJES­©U­NFL­HSBI®EBZBÁTUIJUBÁ]]]]

HUA@DWM@V@1XGQDG1HQMD`J•S@KX@LÆ
WJCPEIBO­SUI­ZBIBSFSIBSJOFUSBL®U­MBZ­N]

HUsDsQ(ŸIFµ@`(ŸH2VHSRG@QJ@HQ:(LÆ 
WJ°WF°WBS²©KBHBEEI­US²©TUIJUJTB©I­SBL­SJ´²N]]]]

HM¸@ÃFUS(ŸHU:@DQSTK@SDIReÃT 
OJES­©CIBHBWBU²©WJ¹´PSBUVM­©UFKBTBÁQSBCIVÁ]]]]

g|@DU@B 
CSBINPW­DB]]]]

3U2U@G@3U2UW@3UHGUPJ@Q2UQ@H3LJ@ 
UWB©TW­I­UWB©TWBEI­UWB©IJWB¹B¾L­SBÁTWBS­UNJL­]]]]

RTW@3UL<QDHM3XDH`W@L@`@H3LJ@H2VS@
TVEI­UWBNBL¹BSFOJUZFUSJEI­N­US­UNJL­TUIJU­]

W1L@`@H2VS@HM3X@X@MT×@X@1HUYDS 
BSEIBN­US­TUIJU­OJUZ­Z­OVDD­SZ­WJ°F¹BUBÁ]]]]
%FW².­I­UNZBNPage 16 of 150

3ULDUR7X@R@HU`(3UCDHUIMM(OQ@
UWBNFWBTBOEIZ­T­WJUS²UWB©EFWJKBOBO²QBS­]

3UX$Sµ@X1SDHUs3UX$SSÆR)XSDIFSÆ 
UWBZBJUBEEI­SZBUFWJ°WB©UWBZBJUBUT®KZBUFKBHBU]]]]

3UX$SSÆO@+XSDCDHU3UL32X-SDBRU1C@
UWBZBJUBUQ­MZBUFEFWJUWBNBUTZBOUFDBTBSWBE­]

HURu@$RHumO@3UH2VHSmO@BO@KMD 
WJT®¹¾BVT®¹¾JSÄQ­UWB©TUIJUJSÄQ­DBQ­MBOF]]]]

SV@RzHSmO@-SDIFS@D2XIF-LXD
UBUI­TB©I®UJSÄQ­OUFKBHBUPTZBKBHBONBZF]

LG@HU
@LG@L@X@LG@LDW@LG@2LHS 
NBI­WJEZ­NBI­N­Z­NBI­NFEI­NBI­TN®UJÁ]]]]

LG@L@DG@BÃUS(LG@CDU(LGDsQ(
NBI­NPI­DBCIBWBU²NBI­EFW²NBIF°WBS²]

eJ•HS23UBRU12XFT:`XHUÃ@HUM( 
QSBL®UJTUWB©DBTBSWBTZBHV´BUSBZBWJCI­WJO²]]]]

J@KQ@H`L1G@Q@H`L@D1GQ@H`oC@k:@
L­MBS­USJSNBI­S­USJSNPIBS­USJ°DBE­SV´­]

3Ur(23UL(sQ(3U¥(23UATHµA@D1WK<:@ 
UWB©°S²TUWBN²°WBS²UWB©IS²TUWB©CVEEIJSCPEIBMBL¹B´­]]]]
%FW².­I­UNZBNPage 17 of 150

KÙ@OTHu2SV@STHu23UY@H-S<@H-SQDUB
MBKK­QV¹¾JTUBUI­UV¹¾JTUWB©°­OUJÁL¹­OUJSFWBDB]

NHEFM(Y4HKM(Ç@DQ@FHCM(BHÖ:(SV@ 
LIBºHJO²°ÄMJO²HIPS­HBEJO²DBLSJ´²UBUI­]]]]

YHœM(B@HOM(A@:ÃTYTZE(OHQÇ@XTW@
°BµLIJO²D­QJO²C­´BCIV°V´º²QBSJHI­ZVEI­]

R@$,X@R@$,XSQ@YDR@$,XD>X23UHSRT-CQ( 
TBVNZ­TBVNZBUBS­°F¹BTBVNZFCIZBTUWBUJTVOEBS²]]]]

OQ@OQ@:@OQL@3ULDUOQLDsQ(
QBS­QBS­´­©QBSBN­UWBNFWBQBSBNF°WBS²]

X×HJHB3*UHBb2STRCRb@HNK@H3LJD 
ZBDDBLJ¸DJULWBDJEWBTUVTBEBTBEW­LIJM­UNJLF]]]]

S2XRU12XX@YHÄR@3UHJ2S4XRDLX@
UBTZBTBSWBTZBZ­°BLUJÁT­UWB©LJ©TUÄZBTFNBZ­]

XX@3UX@IFSÆwu@IF3O@3XH^X@DIFSÆ 
ZBZ­UWBZ­KBHBUTSB¹¾­KBHBUQ­UZBUUJZPKBHBU]]]]

R@DHOHM¸@UYM(SJ23U@2S@DSTHLGDsQ
TPQJOJES­WB°B©O²UBÁLBTUW­©TUPUVNJIF°WBSBÁ]

HU:TYQ(QG:LGL(Y@MUB 
WJ¹´VÁ°BS²SBHSBIB´BNBIBN²°­OBFWBDB]]]]
%FW².­I­UNZBNPage 18 of 150

J@HQS@2SDXS@DS23U@J2S@DSTYHÄL@MÆÃUDSÆ
L­SJU­TUFZBUPUBTUW­©LBÁTUPUV©°BLUJN­OCIBWFU]

R@3UHL3VeÃ@U$2U$kC@Q$CD1HUR2STS@ 
T­UWBNJUUIB©QSBCI­WBJÁTWBJSVE­SBJSEFWJTB©TUVU­]]]]

L@DGX$S@$¯Q@W@1URTQ@$LWTJ$PÃ@$
NPIBZBJUBVEVS­EIBS¹­WBTVSBVNBEIVLBJ¾BCIBV]

eA@DWBIF32U@L(M(XS@L"XTS@DKÇT 
QSBCPEIB©DBKBHBUTW­N²O²ZBU­NBDZVUPMBHIV]]]]

A@DWoHÖXS@L2XG-STLDS@$LG@RTQ@$ 
CPEIB°DBLSJZBU­NBTZBIBOUVNFUBVNBI­TVSBV]]]]

;HkU@B 
®¹JSVW­DB]]]]

U2STS@SC@CDU(S@LR(S`UDWR@ 
FWB©TUVU­UBE­EFW²U­NBT²UBUSBWFEIBT­]]]]

HU:@DeA@DWM@V@1XHMG-STLWTJ$PÃ@$
WJ¹´PÁQSBCPEIBO­SUI­ZBOJIBOUV©NBEIVLBJ¾BCIBV]

MD`@2XM@HRJ@A@¤zCXD>X2SV@DQR 
OFUS­TZBO­TJL­C­IVI®EBZFCIZBTUBUIPSBTBÁ]]]]
%FW².­I­UNZBNPage 19 of 150

HMF1,XCY1MDS2V@$g|:@D5XÄI-LM
OJSHBNZBEBS°BOFUBTUIBVCSBINB´PWZBLUBKBONBOBÁ]

^2V@$BIFº@V2SX@LTÄ@DIM@C1M 
VUUBTUIBVDBKBHBOO­UIBTUBZ­NVLUPKBO­SEBOBÁ]]]]

J@:1UDHGYXM@^SRC}YDBS@$
FL­S´BWFIJ°BZBO­UUBUBÁTBEBE®°FDBUBV]

LWTJ$PÃ@$¯Q@3L@M@UHSU(X1OQ@ÖL@$ 
NBEIVLBJ¾BCIBVEVS­UN­O­WBUJW²SZBQBS­LSBNBV]]]]

Ö@DWQÄD<:@U^Tg|@:IHMS@D
L@$
LSPEIBSBLUFL¹B´­WBUUV©CSBIN­´B©KBOJUPEZBNBV]

RLT3V@XSS2S@>X@XTXTWDÃFU@MÆGHQ 
TBNVUUI­ZBUBUBTU­CIZ­©ZVZVEIFCIBHBW­OIBSJÁ]]]]

O®U1RGw@H:A@¤eGQ:@DHUÃT
QB¸DBWBS¹BTBIBTS­´JC­IVQSBIBSB´PWJCIVÁ]

S@U/XHSAK@D-L^@$LG@L@X@HUL@DHGS@$ 
U­WBQZBUJCBMPONBUUBVNBI­N­Z­WJNPIJUBV]]]]

ÄU-S@$UQ@D2L^@DHpXS@HLHSJDYULÆ 
VLUBWBOUBVWBSPTNBUUPWSJZBU­NJUJLF°BWBN]]]]
%FW².­I­UNZBNPage 20 of 150

r(ÃFU@MTU@B 
°S²CIBHBW­OVW­DB]]]]

ÃUDS@L
LDSTu@$LLU7X@UTÃ@UHO 
CIBWFU­NBEZBNFUV¹¾BVNBNBWBEIZ­WVCI­WBQJ]]]]

HJL-XDMUQD:@`S@UHµUSLX@ 
LJNBOZFOBWBSF´­USBFU­WBEEIJW®UB©NBZ­]]]]

;HkU@B 
®¹JSVW­DB]]]]

UH®S@>X@HLHSSC@RU1L@O@DLXIFSÆ 
WB¸DJU­CIZ­NJUJUBE­TBSWBN­QPNBZB©KBHBU]]]]

HUK@D*XS@>X@FHCS@DÃFU@MÆJLKD<:
WJMPLZBU­CIZ­©HBEJUPCIBHBW­OLBNBMFL¹B´BÁ]

@U@IHGMX`@DU(1RHKKDMOHQ/KTS@ 
­W­©KBIJOBZBUSPSW²TBMJMFOBQBSJQMVU­]]]]
%FW².­I­UNZBNPage 21 of 150

;HkU@B 
®¹JSVW­DB]]]]

SVD3XT…U@ÃFUS@YœBÖFC@ÃS@
UBUIFUZVLUW­CIBHBWBU­°BµLIBDBLSBHBE­CI®U­]

J•3U@BÖD:U$H#ºDIÇMDHYQR(SX@D 
L®UW­DBLSF´BWBJDIJOOFKBHIBOF°JSBT²UBZPÁ]]]]

ULD@RLT3Oº@g|:@R2STS@2UXLÆ
FWBNF¹­TBNVUQBOO­CSBINB´­TB©TUVU­TWBZBN]

eÃ@UL2X@CD5X@2STÃ4XY:TUC@HLSD 
QSBCI­WBNBTZ­EFWZ­TUVCIÄZBÁ°®´VWBE­NJUF]]]]

D?
]BJNPN]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDLWTJ$PÃUW@DM@L
EFW²N­I­UNZFNBEIVLBJ¾BCIBWBEIPO­NB

eVL@D7X@X 
QSBUIBNPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 22 of 150

HbS(X@D7X@X
EWJU²ZPEIZ­ZBÁ

HUHMX@DF
WJOJZPHBÁ

2Xr(L7XLBHQ`2XHU:T;1H
BTZB°S²NBEIZBNBDBSJUSBTZBWJ¹´VS®¹JÁ]

r(LG@KyL(CD1US@H:J#-CY@J,ÃQ(YHÄ

°S²NBI­MBL¹N²SEFWBU­]V¹´JLDIBOEBÁ]°­LBNCIBS²°BLUJÁ]

¯F@1A(ILÆU@XT2S_ULÆXITUD1C2UmOLÆ

EVSH­C²KBN]W­ZVTUBUUWBN]ZBKVSWFEBÁTWBSÄQBN]

r(LG@KyL(e(3XVD1L7XLBHQ`IODHUHMX@DF
°S²NBI­MBL¹N²QS²UZBSUIFNBEIZBNBDBSJUSBKBQFWJOJZPHBÁ]

7X@MLÆ
]EIZ­OBN]

<w*OQY4FCDTJ—HKYO¹WMTJ—HZEJ@
BL¹BTSBLQBSB°ÄHBEF¹VLVMJ°B©QBENB©EIBOVÁLV´ºJL­©
%FW².­I­UNZBNPage 23 of 150

CZEYHÄLHRBBL1IKIÇZP@RTQ@Ã@IMLÆ
EB´ºB©°BLUJNBTJ©DBDBSNBKBMBKB©HIB´¾­©TVS­CI­KBOBN]

Y4KO@YRTCY1MDBCWS(ŸG2S$eU@KeÃ@
°ÄMB©Q­°BTVEBS°BOFDBEBEIBU²©IBTUBJÁQSBW­MBQSBCI­©

RDUDR$HQÃLHC1M(HLGLG@KyL(ŸRQ@DIH2VS@LÆ
TFWFTBJSJCIBNBSEJO²NJIBNBI­MBL¹N²©TBSPKBTUIJU­N]]

?¥(Ÿ;HkU@B 
PNIS²N®¹JSVW­DB]]]]

CDU@RTQLÃ4
TµO4:1L!CYSOTQ@
EFW­TVSBNBCIÄEZVEEIB©QÄS´BNBCEB°BUB©QVS­]

LHGDRTQ@:@LHWODCDU@M@BOTQ-CQD 
NBIJ¹FTVS­´­NBEIJQFEFW­O­©DBQVSBOEBSF]]]]

S`@RTQ$L1G@U(X$1CD1UR$-XOQ@HISLÆ
UBUS­TVSBJSNBI­W²SZBJSEFWBTBJOZB©QBS­KJUBN]

HI3U@BRJK@MÆCDU@HM-¸@DÃ4-LHG@RTQ 
KJUW­DBTBLBM­OEFW­OJOESPCIÄONBIJ¹­TVSBÁ]]]]

SSOQ@HIS@CDU@O¹X@DHMeI@OHSLÆ
UBUBÁQBS­KJU­EFW­ÁQBENBZPOJ©QSBK­QBUJN]

OTQ2J•3XFS@2S`X`DYFkE7UI@$ 
QVSBTL®UZBHBU­TUBUSBZBUSF°BHBSVºBEIWBKBV]]]]
%FW².­I­UNZBNPage 24 of 150

XV@U^SX@D2Sb-LHG@RTQBDHuSLÆ
ZBUI­W®UUB©UBZPTUBEWBONBIJ¹­TVSBDF¹¾JUBN]

H`CY@JVX@L@RTCD1U@HÃÃUHU2SQLÆ 
USJEB°­ÁLBUIBZ­N­TVSEFW­CIJCIBWBWJTUBSBN]]]]

R4XD1-¸@&-XHMKD-±M@XL2XUk:2XB
TÄSZFOES­HOZBOJMFOEÄO­©ZBNBTZBWBSV´BTZBDB]

-XD@B@HWJ@Q@-R2UXLDU@HWHStHS 
BOZF¹­©D­EIJL­S­OTBTWBZBNFW­EIJUJ¹¾IBUJ]]]]

2UF@1HºQ@J•S@RUD1SDMCDUF:@ÃTHU
TWBSH­OOJS­L®U­ÁTBSWFUFOBEFWBHB´­CIVWJ]

HUBQH-SXV@L3X@1LHGD:¯Q@3LM@ 
WJDBSBOUJZBUI­NBSUZ­NBIJ¹F´BEVS­UNBO­]]]]

SbJHVSRU1LLQ@HQHUBDHuSLÆ
FUBEWBÁLBUIJUB©TBSWBNBNBS­SJWJDF¹¾JUBN]

YQ:UeOº@2L@DUW2S2XHUHB-3XS@LÆ 
°BSB´B©WBÁQSBQBOO­ÁTNPWBEIBTUBTZBWJDJOUZBU­N]]]]

Å3VHMY,XCDU@M@UB@HRLWTR4CM
JUUIB©OJ°BNZBEFW­O­©WBD­©TJNBEIVTÄEBOBÁ]

BJ@QJ@DOY,ÃToTJ—P(J—HPK@MM@$ 
DBL­SBLPQB©°BNCIV°DBCISVLV¾²LV¾JM­OBOBV]]]]
%FW².­I­UNZBNPage 25 of 150

SS@DHSJ@DOO4:12XBHÖ:@DUCM@^S
UBUPUJLPQBQÄS´BTZBDBLSJ´PWBEBO­UUBUBÁ]

HMoÖ@LLG^DI@Dg|:Y–Q2XB 
OJ°DBLS­NBNBIBUUFKPCSBINB´BÁ°BµLBSBTZBDB]]]]

-XD@B$UCDU@M@YÖ@C(M@YQ(QS
BOZF¹­©DBJWBEFW­O­©°BLS­E²O­©°BS²SBUBÁ]

HMF1SRTLG^DI2S×$*XRLF"#S 
OJSHBUB©TVNBIBUUFKBTUBDDBJLZB©TBNBHBDDIBUB]]]]

S(USDIRJP)UK-SHLUOU1SLÆ
BU²WBUFKBTBÁLľB©KWBMBOUBNJWBQBSWBUBN]

C}YT2SDRTQ@2S`)U@K@5X@ÏHCF-SQLÆ 
EBE®°VTUFTVS­TUBUSBKW­M­WZ­QUBEJHBOUBSBN]]]]

STKS`S^DIRU1CDUYQ(QILÆ
BUVMB©UBUSBUBUUFKBÁTBSWBEFWB°BS²SBKBN]

J2VSCÃ4º@Q(5X@ÏK@DJ`XH3U@ 
FLBTUIB©UBEBCIÄOO­S²WZ­QUBMPLBUSBZB©UWJ¹­]]]]

XCÃ4"#@,ÃUSDI2SDM@I@XSS-LTNLÆ
ZBEBCIÄDDI­NCIBWB©UFKBTUFO­K­ZBUBUBONVLIBN]

X@,XDMB@ÃUMÆJDY@A@GU@DHU:TSDIR@ 
Z­NZFOBD­CIBWBOLF°­C­IBWPWJ¹´VUFKBT­]]]]
%FW².­I­UNZBNPage 26 of 150

R@$,XDM2SMX@DXT1&LL7XB$-¸D:B@ÃUSÆ
TBVNZFOBTUBOBZPSZVHNB©NBEIZB©DBJOESF´BD­CIBWBU]

U@k:DMBIÇ@DmHMS,A2SDIR@ÃTU 
W­SV´FOBDBKBµHIPSÄOJUBNCBTUFKBT­CIVWBÁ]]]]

g|:2SDIR@O@C@$SCØ«+X@DJ1SDIR@
CSBINB´BTUFKBT­Q­EBVUBEBµHVMZPSLBUFKBT­]

UR4M@BJQ@Ø«+XJ@$ADQD:BM@HRJ@ 
WBTÄO­©DBLBS­µHVMZBÁLBVCFSF´BDBO­TJL­]]]]

S2X@2STC-S@R,Ã4S@e@I@O3XDMSDIR@
UBTZ­TUVEBOU­ÁTBNCIÄU­ÁQS­K­QBUZFOBUFKBT­]

MXMH`SXI\DSV@O@UJSDIR@ 
OBZBOBUSJUBZB©KBK¸FUBUI­Q­WBLBUFKBT­]]]]

TU@$BR7XX@D2SDIrU:@UHMK2XB
CISVWBVDBTBOEIZBZPTUFKBÁ°SBWB´­WBOJMBTZBDB]

-XD@B$UCDU@M@R,ÃU2SDIR@HYU@ 
BOZF¹­©DBJWBEFW­O­©TBNCIBWBTUFKBT­©°JW­]]]]

SSRL2SCDU@M@SDI@DQ@HYRLTaU@LÆ
UBUBÁTBNBTUBEFW­O­©UFKPS­°JTBNVECIBW­N]

S@HUK@D*XLTCe@OTQLQ@LHG@HC1S@
U­©WJMPLZBNVEB©QS­QVSBNBS­NBIJ¹­SEJU­Á]
%FW².­I­UNZBNPage 27 of 150

SS@DCDU@C¯2S2X$2U@HM2U@-X@XTW@HMB 
UBUPEFW­EBEVTUBTZBJTW­OJTW­OZ­ZVEI­OJDB]]]]

Y4KY4K@HbHMJ•XCC@$S2X$HOM@JWJ
°ÄMB©°ÄM­EWJOJ¹L®¹ZBEBEBVUBTZBJQJO­LBEI®L]

BÖBC^U@MÆJ•:RLT3O@P2UBÖS 
DBLSB©DBEBUUBW­OL®¹´BÁTBNVUQ­¾ZBTWBDBLSBUBÁ]]]]

YœBUk:YHÄCC@$S2X$¤S@YM
°BµLIB©DBWBSV´BÁ°BLUJ©EBEBVUBTZBJIVU­°BOBÁ]

L@kS@DC^U@o@OA@:O4:D1SVDTW( 
N­SVUPEBUUBW­©°D­QB©C­´BQÄS´FUBUIF¹VEI²]]]]

U‘HL-¸RLT3O@PJ—HKY@CLQ@HWO
WBKSBNJOESBÁTBNVUQ­¾ZBLVMJ°­EBNBS­EIJQBÁ]

CC@$S2X$RGw@<@DÇZP@L$Q@US@¶I@SÆ 
EBEBVUBTZBJTBIBTS­L¹PHIB´¾­NBJS­WBU­EHBK­U]]]]

J@KCZE@
L@DCZEO@YB@,ATOHSC1C@$
L­MBEB´º­EZBNPEB´ºB©Q­°B©D­NCVQBUJSEBEBV]

eI@OHSo@<L@K@CC@$g|@JLZEKTLÆ 
QSBK­QBUJ°D­L¹BN­M­©EBEBVCSBIN­LBNB´ºBMVN]]]]
%FW².­I­UNZBNPage 28 of 150

RL2SQ@DLJODTHMIQ9L(MÆHCU@JQ
TBNBTUBSPNBLÄQF¹VOJKBSB°N²OEJW­LBSBÁ]

J@KoC^U@MÆNEFS2X$BL1BHML1KLÆ 
L­MB°DBEBUUBW­OLIBºHB©UBTZBJDBSNBDBOJSNBMBN]]]]

<(Q@DCo@LKG@QLIQDBSV@,AQD
L¹²SPEB°D­NBMB©I­SBNBKBSFDBUBUI­NCBSF]

B4E@LH:SV@HC5XJ—ZEKDJPJ@HMB 
Dĺ­NB´J©UBUI­EJWZB©LV´ºBMFLB¾BL­OJDB]]]]

W1B-¸SV@YTJDX4Q@MÆRU1A@¤T
BSEIBDBOESB©UBUI­°VCISB©LFZÄS­OTBSWBC­IV¹V]

M4OTQ@$HULK@$SbC$UDXJLMT^LLÆ 
OÄQVSBVWJNBMBVUBEWBEHSBJWFZBLBNBOVUUBNBN]]]]

Ø«K(XJQ‰@HMRL2S@2UØ«K(TB
BµHVM²ZBLBSBUO­OJTBNBTU­TWBµHVM²¹VDB]

HUsJL@1CC@$S2X$OQYTB@HSHML1KLÆ 
WJ°WBLBSN­EBEBVUBTZBJQBSB°V©D­UJOJSNBMBN]]]]

v@ZXMDJmO@H:SV@ÃD
BCYMLÆ
BTUS­´ZBOFLBSÄQ­´JUBUI­CIFEZB©DBEB©°BOBN]

,K@MO–I@L@K@HYQ2XTQHRB@OQ@LÆ 
BNM­OBQBµLBK­©N­M­©°JSBTZVSBTJD­QBS­N]]]]
%FW².­I­UNZBNPage 29 of 150

CCÙKHW2S2X$O–IB@HSY@DÃMLÆ
BEBEBKKBMBEIJTUBTZBJQBµLBKB©D­UJ°PCIBOBN]

HGLU@MÆU@GMHRGQ‰@HMHUHUW@HMB 
IJNBW­OW­IBOB©TJ©IB©SBUO­OJWJWJEI­OJDB]]]]

CC@UY4-XRTQX@O@MO@`WM@HWO
EBE­WB°ÄOZB©TVSBZ­Q­OBQ­USB©EIBO­EIJQBÁ]

YDoRU1M@FDY@DLG@LH:HUÃ4HSLÆ 
°F¹B°DBTBSWBO­HF°PNBI­NB´JWJCIĹJUBN]]]]

M@FG@QCC@$S2X$W^DXOHVU(HLL@LÆ
O­HBI­SB©EBEBVUBTZBJEIBUUFZBÁQ®UIJW²NJN­N]

-X$QHORTQ$CD1U(Ã4:$Q@XTW$2SV@ 
BOZBJSBQJTVSBJSEFW²CIĹB´BJS­ZVEIBJTUBUI­]]]]

R,L@HMS@MM@C@D×$R@¡G@RLT¤LT1¤
TBNN­OJU­OBO­EPDDBJÁT­¾¾BI­TB©NVIVSNVIVÁ]

S2X@M@CDMÇ@DQD:J•3xL@O4HQSMÃ 
UBTZ­O­EFOBHIPSF´BL®UTOBN­QÄSJUB©OBCIBÁ]]]]

L@XS@HSLGS@eHSY!C@DLG@MÃ4SÆ
BN­ZBU­UJNBIBU­QSBUJ°BCEPNBI­OBCIÄU]

BT<TÃTRJK@K@DJ@RLT¸@oBJH,OQD 
DVL¹VCIVÁTBLBM­MPL­ÁTBNVES­°DBDBLBNQJSF]]]]
%FW².­I­UNZBNPage 30 of 150

BB@KURTW@BDKTRJK@oLG(WQ@
DBD­MBWBTVEI­DFMVÁTBLBM­°DBNBI²EIBS­Á]

IXDHSCDU@oLTC@S@L4BTHRGU@HGM(LÆ 
KBZFUJEFW­°DBNVE­U­NÄDVÁTJ©IBW­IJO²N]]]]

STuTUTLT1MXo$M@ÃHÄMl@3LL4S1X
UV¹¾VWVSNVOBZB°DBJO­©CIBLUJOBNS­UNBNÄSUBZBÁ]

}PU@RL2SR<T!W`$K@D*XLLQ@QX 
E®¹¾W­TBNBTUB©TBµL¹VCEIB©USBJMPLZBNBNBS­SBZBÁ]]]]

Rºµ@HNKR$-X@2SDRLT^2VTkC@XTW@
TBOOBEEI­LIJMBTBJOZ­TUFTBNVUUBTUIVSVE­ZVEI­Á]

@HJLDSHCHSÖ@DW@C@Ã@XLHG@RTQ 
­ÁLJNFUBEJUJLSPEI­E­CI­¹ZBNBIJ¹­TVSBÁ]]]]

>XW@USSY!CLYD$QRTQ$U1S
BCIZBEI­WBUBUB©°BCEBNB°F¹BJSBTVSBJSW®UBÁ]

RCCY1SS@DCDU(Ÿ5X@ÏK@DJ`X@H3U@ 
TBEBEBS°BUBUPEFW²©WZ­QUBMPLBUSBZ­©UWJ¹­]]]]

O@C@Ö@-3X@MSÃTUHJQ(P@DH¢HNS@,AQ@LÆ
Q­E­LS­OUZ­OBUBCIVWB©LJS²¾PMMJLIJU­NCBS­N]

<@DHÃS@YDO@S@K@WMT)X@1HM2UMDMS@LÆ 
L¹PCIJU­°F¹BQ­U­M­©EIBOVSKZ­OJÁTWBOFOBU­N]]]]
%FW².­I­UNZBNPage 31 of 150

HCY@DÃTIRGwD:RL-S@‡@/XRH2VS@LÆ
EJ°PCIVKBTBIBTSF´BTBNBOU­EWZ­QZBTB©TUIJU­N]

SSeUUSDXTµSX@CD5X@RTQHb@LÆ 
UBUBÁQSBWBW®UFZVEEIB©UBZ­EFWZ­TVSBEWJ¹­N]]]]

Yv@v$A1¤W@LTÄ$Q@C(HOSHCF-SQLÆ
°BTUS­TUSBJSCBIVEI­NVLUBJS­E²QJUBEJHBOUBSBN]

LHG@RTQRDM@M(Ho<TQ@.X@DLG@RTQ 
NBIJ¹­TVSBTFO­O²°DJL¹VS­LIZPNBI­TVSBÁ]]]]

XTXTWDB@LQo@-X$oSTQØAK@H-US
ZVZVEIFD­NBSB°D­OZBJ°DBUVSBµHBCBM­OWJUBÁ]

QV@M@LXTS$HEÃkC@.X@DLG@RTQ 
SBUI­O­NBZVUBJÁ¹BºCIJSVEBHS­LIZPNBI­TVSBÁ]]]]

XT7XS@XTS@M@BRGwD:LG@GMT
BZVEIZBU­ZVU­O­©DBTBIBTSF´BNBI­IBOVÁ]

O®@YHaoHMXTS$QHRK@DL@LG@RTQ 
QB¸D­°BECIJ°DBOJZVUBJSBTJMPN­NBI­TVSBÁ]]]]

XTS@M@YS$HEÃA@1JK@DXTXTWDQ:D
BZVU­O­©°BUBJÁ¹BºCIJSC­¹LBMPZVZVEIFSB´F]

FIU@HIRGw@$Ç$QMDJ$OHQU@HQS 
HBKBW­KJTBIBTSBVHIBJSBOFLBJÁQBSJW­SJUBÁ]]]]
%FW².­I­UNZBNPage 32 of 150

US@DQV@M@J@DP@BXTµDSH2LºXT7XS
W®UPSBUI­O­©LP¾Z­DBZVEEIFUBTNJOOBZVEIZBUB]

HAE@K@.X@DXTS@M@BO®@YHaQV@XTS$ 
CJº­M­LIZPZVU­O­©DBQB¸D­°BECIJSBUI­ZVUBJÁ]]]]

XTXTWDRXTFDS`QV@M@OHQU@HQS
ZVZVEIFTB©ZVHFUBUSBSBUI­O­©QBSJW­SJUBÁ]

-XDBS`@XTSY@DQVM@FGX$U1S@ 
BOZFDBUBUS­ZVUB°PSBUIBO­HBIBZBJSW®U­Á]]]]

XTXTWTRXTFDCD5X@RGS`LG@RTQ@
ZVZVEIVÁTB©ZVHFEFWZ­TBIBUBUSBNBI­TVS­Á]

J@DHPJ@DHPRGw$2STQV@M@CH-SM@SV@ 
LP¾JLP¾JTBIBTSBJTUVSBUI­O­©EBOUJO­©UBUI­]]]]

GX@M@BUS@DXTµDS`@Ã4-LHG@RTQ
IBZ­O­©DBW®UPZVEEIFUBUS­CIÄONBIJ¹­TVSBÁ]

S@DLQ$HÃ1H-CO@K$oYHÄHÃLT1RK$2SV@ 
UPNBSBJSCIJOEJQ­MBJ°DB°BLUJCIJSNVTBMBJTUBUI­]]]]

XTXTWTRXTFDCD5X@NEF$OQYTOH¡Y$
ZVZVEIVÁTB©ZVHFEFWZ­LIBºHBJÁQBSB°VQB¾¾J°BJÁ]

JDHB×HBH<OTYÄ(JDHBSÆO@Y@2SV@OQD 
LFDJDDBDJL¹JQVÁ°BLU²ÁLFDJUQ­°­©TUBUI­QBSF]]]]
%FW².­I­UNZBNPage 33 of 150

CDU(ŸNEFeG@Q$2STSDS@G-STeBÖLT
EFW²©LIBºHBQSBI­SBJTUVUFU­©IBOUV©QSBDBLSBNVÁ]

R@HOCDU(SS2S@HMYv@ZXv@H:BHZEJ@ 
T­QJEFW²UBUBTU­OJ°BTUS­´ZBTUS­´JDB´ºJL­]]]]

K(KX$UeHB"#DCHMIYv@vUH1:(
M²MBZBJWBQSBDJDDIFEBOJKB°BTUS­TUSBWBS¹J´²]

M@X2S@MM@CDU(2S4XL@M@RTQH1HÃ 
BO­ZBTU­OBO­EFW²TUÄZBN­O­TVSBS¹JCIJÁ]]]]

LTL@DB@RTQCDGDTYv@ZXv@H:BDsQ(
NVNPD­TVSBEFIF¹V°BTUS­´ZBTUS­´JDF°WBS²]

R@DHO֗µ@DWTSRP@DCD5X@U@GMJDRQ( 
TPQJLSVEEIPEIVUBTB¾PEFWZ­W­IBOBLFTBS²]]]]

BB@Q@RTQR$-XDTUMDHUU¤S@YM
DBD­S­TVSBTBJOZF¹VWBOF¹WJWBIVU­°BOBÁ]

HMs@R@MÆLTLTBDX@oXT7XL@M@Q:DH,AJ@ 
OJÁ°W­T­ONVNVDFZ­©°DBZVEIZBN­O­SB´FNCJL­]]]]

SUR
R,Ã4S@F:@YSRGwY
UBFWBTBEZBÁTBNCIÄU­HB´­Á°BUBTBIBTSB°BÁ]

XTXTWT2SDOQYTHÃHÃ1H-CO@K@HROH¡Y$ 
ZVZVEIVTUFQBSB°VCIJSCIJOEJQ­M­TJQB¾¾J°BJÁ]]]]
%FW².­I­UNZBNPage 34 of 150

M@YX-S@DRTQF:@MÆCDU(Y…XTOAHGS@
O­°BZBOUPTVSBHB´­OEFW²°BLUZVQBC®©IJU­Á]

U@CX-SOPG@MÆF:@Yœ@2SV@OQD 
BW­EBZBOUBQB¾BI­OHB´­Á°BµLI­©TUBUI­QBSF]]]]

LCØ@oSV$U@-XDSH2LMÆXTµLG@D3RUD
N®EBµH­©°DBUBUIBJW­OZFUBTNJOZVEEIBNBIPUTBWF]

SS@DCDU(H`Y4KDMFCX@YHÄUHuHÃ 
UBUPEFW²USJ°ÄMFOBHBEBZ­°BLUJW®¹¾JCIJÁ]]]]

NEF@HCHÃoYSY@DHMIÇ@MLG@RTQ@MÆ
LIBºH­EJCIJ°DB°BUB°POJKBHI­OBNBI­TVS­O]

O@SX@L@RB$U@-X@MÆÇZP@2UMHUL@DHGS@MÆ 
Q­UBZ­N­TBDBJW­OZ­OHIB´¾­TWBOBWJNPIJU­O]]]]

RTQ@MÆÃTHUO@YDMAC7U@B@-X@MJ1XSÆ
BTVS­OCIVWJQ­°FOBCBEEIW­D­OZ­OBLBS¹BZBU]

JDHBCHbW@J•S@2S(y:$NEFO@S$2SV@OQD 
LFDJEEWJEI­L®U­TU²L¹´BJÁLIBºHBQ­UBJTUBUI­QBSF]]]]

HUO@DHVS@HMO@SDMFCX@ÃTHUYDQSD
WJQPUIJU­OJQ­UFOBHBEBZ­CIVWJ°FSBUF]

UDLToJDHB¸«HWQLTRKDMÃYGS@ 
WFNV°DBLFDJESVEIJSB©NVTBMFOBCI®°B©IBU­Á]]]]
%FW².­I­UNZBNPage 35 of 150

JDHBHºOHSS@Ã4L@$Hú@Y4KDMU<HR
LFDJOOJQBUJU­CIÄNBVCIJOO­Á°ÄMFOBWBL¹BTJ]

HMQ-SQ@YQ@$ÇD:J•S@JDHB¸:@HIQD 
OJSBOUBS­Á°BSBVHIF´BL®U­ÁLFDJESB´­KJSF]]]]

9XDM@MTJ@HQ:e@:@MÆLTLTBTHvCY@C1M@
°ZFO­OVL­SJ´BÁQS­´­ONVNVDVTUSJEB°­SEBO­Á]

JD@HBCA@GUH9#º@H9#º(U@2SV@OQD 
LF¹­¸DJEC­IBWB°DIJOO­°DIJOOBHS²W­TUBUI­QBSF]]]]

HYQ@HRODSTQ-XD@L-XDL7XDHUC@HQS@
°JS­©TJQFUVSBOZF¹­NBOZFNBEIZFWJE­SJU­Á]

HUH"#ºIÇ@23UOQDODSTk5X@’LG@RTQ@ 
WJDDIJOOBKBµHI­TUWBQBSFQFUVSVSWZ­©NBI­TVS­Á]]]]

JA@ÒH<BQ:@JDHB´D5X@HbW@J•S@
FLBC­IWBL¹JDBSB´­ÁLFDJEEFWZ­EWJEI­L®U­Á]

H#ºDHOB@-XDHYQHROHSS@OTMkH3VS@ 
DIJOOFQJD­OZF°JSBTJQBUJU­ÁQVOBSVUUIJU­Á]]]]

JA-W@XTXTWTCD15X@FG(SOQL@XTW@
LBCBOEI­ZVZVEIVSEFWZ­H®I²UBQBSBN­ZVEI­Á]

MMSTo@OQDS`XTµDS4X1KX@HrS@ 
OBO®UV°D­QBSFUBUSBZVEEIFUÄSZBMBZ­°SJU­Á]]]]
%FW².­I­UNZBNPage 36 of 150

JA-W@H9#ºHYQRNEFY…XHuO@:X
LBCBOEI­°DIJOOB°JSBTBÁLIBºHB°BLUZ®¹¾JQ­´BZBÁ]

HStHStDHSÃ@-S@DCDU(L-XDLG@RTQ@ 
UJ¹¾IBUJ¹¾IFUJCI­¹BOUPEFW²NBOZFNBI­TVS­Á]]]]

O@HSS$QVM@F@s$QRTQ$oURT-WQ@
Q­UJUBJSBUIBO­H­°WBJSBTVSBJ°DBWBTVOEIBS­]

F,X@R@ÃU^`X`@Ã4SÆRLG@Q: 
BHBNZ­T­CIBWBUUBUSBZBUS­CIÄUTBNBI­SB´BÁ]]]]

Y@DH:S@$Ç@LG@M
R
2S`eRTwTUT
°P´JUBVHI­NBI­OBEZBÁTBEZBTUBUSBQSBTVTSVWVÁ]

L7XDB@RTQR$-X2XU@Q:@RTQU@HIM@LÆ 
NBEIZFD­TVSBTBJOZBTZBW­SB´­TVSBW­KJO­N]]]]

<:DMS-LG@R$-XLRTQ@:@SV@H,AJ@
L¹B´FOBUBONBI­TBJOZBNBTVS­´­©UBUI­NCJL­]

HM-XD<XXV@UH{2S:C@kLG@BXLÆ 
OJOZFL¹BZB©ZBUI­WBIOJTU®´BE­SVNBI­DBZBN]]]]

RBHRG@DLG@M@CLT3RIMÆWTSJDRQ
TBDBTJ©IPNBI­O­EBNVUT®KBOEIVUBLFTBSBÁ]

YQ(QD>X@DLQ@Q(:@LR4HMUHUHB-UHS 
°BS²SFCIZPNBS­S²´­NBTÄOJWBWJDJOWBUJ]]]]
%FW².­I­UNZBNPage 37 of 150

CD5X@F:$oS$2S`J•SXTµSV@RTQ$
EFWZ­HB´BJ°DBUBJTUBUSBL®UB©ZVEEIB©UBUI­TVSBJÁ]

XV$@STSTTCD1U@OTOUHuLTB@DHCHU 
ZBUIBJ¹­©UVUV¹VSEFW­ÁQV¹QBW®¹¾JNVDPEJWJ]]]]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDLHG@RTQR$-XUW@DM@L
EFW²N­I­UNZFNBIJ¹­TVSBTBJOZBWBEIPO­NB

HbS(X@D7X@X 
EWJU²ZPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 38 of 150

SS(X@D7X@X
U®U²ZPEIZ­ZBÁ

?;HkU@B 
PN®¹JSVW­DB]]]]

HMG-XL@MS3R$-XLUK@D*XLG@RTQ
OJIBOZBN­OB©UBUTBJOZBNBWBMPLZBNBI­TVSBÁ]

RDM@M(Ho<TQJ@DO@
X@$X@Dµ«LV@H,AJ@LÆ 
TFO­O²°DJL¹VSBÁLPQ­EZBZBVZPEEIVNBUI­NCJL­N]]]]

RCDU(ŸYQUD1:UU1RLQDRTQ
TBEFW²©°BSBWBS¹F´BWBWBS¹BTBNBSFTVSBÁ]

XV@LDkHFQDYØS@DXUD1:S@DXC 
ZBUI­NFSVHJSFÁ°®µHB©UPZBWBS¹F´BUPZBEBÁ]]]]

S2XH#3U@SS@DCDU(K(KX$UYQ@D3JQ@MÆ
UBTZBDIJUW­UBUPEFW²M²MBZBJWB°BSPULBS­O]

IÇ@MSTQF@-A@:$X1-S@QB$UU@HIM@LÆ 
KBHI­OBUVSBH­OC­´BJSZBOU­SB©DBJWBW­KJO­N]]]]
%FW².­I­UNZBNPage 39 of 150

HB"#DCBWMTR
@D7UIB@HSRLT"#SLÆ
DJDDIFEBDBEIBOVÁTBEZPEIWBKB©D­UJTBNVDDI®UBN]

HU5X@WB$UF@`DTH#ºW-U@ML@YTF$ 
WJWZ­EIBDBJWBH­USF¹VDIJOOBEIBOW­OBN­°VHBJÁ]]]]

RH"#ºW-U@HUQV@DGS@s@DGSR@QHV
TBDDIJOOBEIBOW­WJSBUIPIBU­°WPIBUBT­SBUIJÁ]

>XW@USS@CDU(ŸNEFBL1WQ@DRTQ 
BCIZBEI­WBUBU­©EFW²©LIBºHBDBSNBEIBSPTVSBÁ]]]]

HRGL@G3XNEFDMS(y:W@QD:L4W1HM
TJ©IBN­IBUZBLIBºHFOBU²L¹´BEI­SF´BNÄSEIBOJ]

@IÇ@MÃTIDR5XDCDU(L/XHSUDFU@MÆ 
­KBHI­OBCIVKFTBWZFEFW²NBQZBUJWFHBW­O]]]]

S2X@NEF@DÃTIe@/XO @KMOM-CM
UBTZ­ÁLIBºHPCIVKB©QS­QZBQBQI­MBO®QBOBOEBOB]

SS@DI@GY4KRJ@DO@Ck:K@DBM 
UBUPKBHS­IB°ÄMB©TBLPQ­EBSV´BMPDBOBÁ]]]]

HB<DOBSS2S^TøJ@+X@LG@RTQ
DJL¹FQBDBUBUBTUBUUVCIBESBL­MZ­©NBI­TVSBÁ]

I@)U+XL@MSDI@DÃ(QHUHA,AHLU@,AQ@SÆ 
K­KWBMZBN­OB©UFKPCI²SBWJCJNCBNJW­NCBS­U]]]]
%FW².­I­UNZBNPage 40 of 150

}PU@SC@OS"#4KCDU(Y4KLLT®S
E®¹¾W­UBE­QBUBDDIÄMB©EFW²°ÄMBNBNV¸DBUB]

SDMS"#SW@M(SY4KRBLG@RTQ 
UFOBUBDDIBUBEI­O²UB©°ÄMB©TBDBNBI­TVSBÁ]]]]

GSDSH2L-LG@U(XD1LHG2XBL4OS@$
IBUFUBTNJONBI­W²SZFNBIJ¹BTZBDBNÄQBUBV]

@IF@LFI@m%o@LQHvCY@C1M 
­KBH­NBHBK­SĺIB°D­NBSBTUSJEB°­SEBOBÁ]]]]

R@DHOYHÄLTL@DB@VCD5X@2S@LH,AJ@¸«SLÆ
TPQJ°BLUJ©NVNPD­UIBEFWZ­TU­NBNCJL­ESVUBN]

¤J@Q@HÃGS@Ã4L@$O@SX@L@RHMeÃ@LÆ 
IVµL­S­CIJIBU­©CIÄNBVQ­UBZ­N­TBOJ¹QSBCI­N]]]]

Ã@YHÄHMOHSS@}PU@Ö@DWRLH-US
CIBHO­©°BLUJ©OJQBUJU­©E®¹¾W­LSPEIBTBNBOWJUBÁ]

HB<DOB@LQY4KA@:$2SCHOR@H"#MSÆ 
DJL¹FQBD­NBSBÁ°ÄMB©C­´BJTUBEBQJT­DDIJOBU]]]]

SSHRGRLT3O3XFIJ—,Ã@-SQDH2VS
UBUBÁTJ©IBÁTBNVUQBUZBHBKBLVNCI­OUBSFTUIJUBÁ]

A@¤XTµDMXTXTWDSDM@D×$HvCY@HQ:@ 
C­IVZVEEIFOBZVZVEIFUFOPDDBJTUSJEB°­SJ´­]]]]
%FW².­I­UNZBNPage 41 of 150

XT7XL@M@$SS2S@$STS2L@º@F@-LG(ŸFS@$
ZVEIZBN­OBVUBUBTUBVUVUBTN­OO­H­ONBI²©HBUBV]

XTXTW@SDHSRQ!W@$eG@Q$QHSC@k:$ 
ZVZVEI­UFUJTB©SBCEIBVQSBI­SBJSBUJE­SV´BJÁ]]]]

SS@DUDF@SÆNLT3O3XHMO3XBLF@HQ:@
UBUPWFH­ULIBNVUQBUZBOJQBUZBDBN®H­SJ´­]

JQeG@QD:HYQo@LQ2XOVJJ•SLÆ 
LBSBQSBI­SF´B°JSB°D­NBSBTZBQ®UIBLL®UBN]]]]

CoQ:DCD5X@HYK@U<@HCHÃG1S
VEBHSB°DBSB´FEFWZ­°JM­W®L¹­EJCIJSIBUBÁ]

C-SLTHuSK$o$UJQ@KoHMO@HSS 
EBOUBNV¹¾JUBMBJ°DBJWBLBS­MB°DBOJQ­UJUBÁ]]]]

CDU(֗µ@FC@O@S$o4:1X@L@RB@DµSLÆ
EFW²LSVEEI­HBE­Q­UBJ°DÄS´BZ­N­TBDPEEIBUBN]

A@JKHÃH-CO@KDMA@:$2S@lSV@-WJLÆ 
C­¹LBMB©CIJOEJQ­MFOBC­´BJTU­NSB©UBUI­OEIBLBN]]]]

@2XLTU(X’BSV$UBLG@GMTLÆ
VHS­TZBNVHSBW²SZB©DBUBUIBJWBDBNBI­IBOVN]

H`MD`@BH`Y4KDMIÇ@MOQLDsQ( 
USJOFUS­DBUSJ°ÄMFOBKBHI­OBQBSBNF°WBS²]]]]
%FW².­I­UNZBNPage 42 of 150

HAE@K2X@HRM@J@X@SÆO@SX@L@RU$HYQ
CJº­MBTZ­TJO­L­Z­UQ­UBZ­N­TBWBJ°JSBÁ]

¯W1Q¯LT1NB@DÃ@$YQ$HM1-XDXL<XLÆ 
EVSEIBSB©EVSNVLIB©DPCIBV°BSBJSOJOZFZBNBL¹BZBN]]]]

UR<(XL@:DST2UR$-XDLHG@RTQ
FWB©TBµL¹²ZBN­´FUVTWBTBJOZFNBIJ¹­TVSBÁ]

L@HGD:2UmOD:`@RX@L@RS@MÆF:@MÆ 
N­IJ¹F´BTWBSÄQF´BUS­TBZ­N­TBU­OHB´­O]]]]

J@Ho^TZEeG@QD:NTQ<DO$2SV@OQ@MÆ
L­©°DJUUV´ºBQSBI­SF´BLIVSBL¹FQBJTUBUI­QBS­O]

K@ؔKS@HES@o@-X@MÆYØ@>X@BHUC@HQS@MÆ 
M­µHÄMBU­ºJU­©°D­OZ­O°®µH­CIZ­©DBWJE­SJU­O]]]]

UDFDMJ@HoCOQ@º@CDML:DMB
WFHFOBL­©°DJEBQBS­OO­EFOBCISBNB´FOBDB]

HMs@ROUMDM@-X@-O@SX@L@RÃ4SKD 
OJÁ°W­TBQBWBOFO­OZ­OQ­UBZ­N­TBCIÄUBMF]]]]

HMO@3XeLV@M(JL>XW@USR@DRTQ
OJQ­UZBQSBNBUI­O²LBNBCIZBEI­WBUBTPTVSBÁ]

HRGG-STLG@CD5X@J@DOBÖDSS@DH,AJ@ 
TJ©IB©IBOUV©NBI­EFWZ­ÁLPQB©DBLSFUBUPNCJL­]]]]
%FW².­I­UNZBNPage 43 of 150

R@DHOJ@DO@-LG@U(X1NTQ<TZ:LG(SK
TPQJLPQ­ONBI­W²SZBÁLIVSBL¹V´´BNBI²UBMBÁ]

YØ@>X@OU1S@MT×@Ho<DOBMM@CB 
°®µH­CIZ­©QBSWBU­OVDD­©°DJL¹FQBDBOBO­EBDB]]]]

UDFL:HU<TZ:@LG(S2X5XY(X1S
WFHBCISBNB´BWJL¹V´´­NBI²UBTZBWZB°²SZBUB]

K@ؔKDM@GSo@H!W/K@UX@L@RRU1S 
M­µHÄMFO­IBUB°D­CEIJÁQM­WBZ­N­TBTBSWBUBÁ]]]]

WTSYØHUHú@oNZENZEXXTÇ1M@
EIVUB°®µHBWJCIJOO­°DBLIB´ºB©LIB´ºB©ZBZVSHIBO­Á]

s@R@HMK@2S@YSY@DHMODSTM1ÃR@DBK@ 
°W­T­OJM­TU­Á°BUB°POJQFUVSOBCIBTPDBM­Á]]]]

ÅHSÖ@DWRL@7L@SL@OS-SLG@RTQLÆ
JUJLSPEIBTBN­EIN­UBN­QBUBOUB©NBI­TVSBN]

}PU@R@BHZEJ@J@DOSbW@XSC@JQ@DSÆ 
E®¹¾W­T­DB´ºJL­LPQB©UBEWBEI­ZBUBE­LBSPU]]]]

R@H<ÑU@S2XU$O@YSAA-WLG@RTQLÆ
T­L¹JQUW­UBTZBWBJQ­°B©UB©CBCBOEIBNBI­TVSBN]

S3X@IL@HGmOR@DHOAµ@DLG@LWD 
UBUZ­KBN­IJ¹B©SÄQB©TPQJCBEEIPNBI­N®EIF]]]]
%FW².­I­UNZBNPage 44 of 150

SSHRG@DÃU3R
@DX@U^2X@H,AJ@HYQ
UBUBÁTJ©IPCIBWBUTBEZPZ­WBUUBTZ­NCJL­°JSBÁ]

H#MH^S@USÆOTkNEFO@H:Q}9XS 
DIJOBUUJU­WBUQVSV¹BÁLIBºHBQ­´JSBE®°ZBUB]]]]

SSU@YTOTkCDU(HB"#DCR@XJ$
UBUBFW­°VQVSV¹B©EFW²DJDDIFEBT­ZBLBJÁ]

SNEFBL1:@R@W’SSR@DÃ4-LG@FI 
UB©LIBºHBDBSNB´­T­SEIB©UBUBÁTPCIÄONBI­HBKBÁ]]]]

JQD:BLG@HRGSBJ1IFI1B
LBSF´BDBNBI­TJ©IB©UB©DBLBS¹BKBHBSKBDB]

J1S2STJQCDU(NEFDMHMQJ•-SS 
LBS¹BUBTUVLBSB©EFW²LIBºHFOBOJSBL®OUBUB]]]]

SS@DLG@RTQ@DÃ4X@DL@HGUOTQ@H2VS
UBUPNBI­TVSPCIÄZPN­IJ¹B©WBQVS­TUIJUBÁ]

SV$U<@DÃX@L@R`$K@D*XRBQ@BQLÆ 
UBUIBJWBL¹PCIBZ­N­TBUSBJMPLZB©TBDBS­DBSBN]]]]

SS֗µ@IF-L@S@BHZEJ@O@MLT^LLÆ
UBUBÁLSVEEI­KBHBON­U­DB´ºJL­Q­OBNVUUBNBN]

OO@$OTMOTMo$UIG@R@k:K@DBM@ 
QBQBVQVOBÁQVOB°DBJWBKBI­T­SV´BMPDBO­]]]]
%FW².­I­UNZBNPage 45 of 150

MMC1B@RTQR@DHOAKU(X1LC@DµS
OBOBSEBD­TVSBÁTPQJCBMBW²SZBNBEPEEIBUBÁ]

HU@:@>X@BHB<DOBHZEJ@eHSÃ4WQ@MÆ 
WJ¹­´­CIZ­©DBDJL¹FQBDB´ºJL­©QSBUJCIÄEIBS­O]]]]

R@BS@-eHGS@2SDMB4:1X-S(YQ@D3JQ$
T­DBU­OQSBIJU­©TUFOBDÄS´BZBOU²°BSPULBSBJÁ]

U@BSLC@Dµ”SLTNQ@F@J—K@<QLÆ 
VW­DBUB©NBEPEEIÄUBNVLIBS­H­LVM­L¹BSBN]]]]

CD5XTU@B 
EFWZVW­DB]]]]

FI1FI1<:L4%LWTX@UH3OA@,XGLÆ
HBSKBHBSKBL¹B´B©NĺIBNBEIVZ­WBUQJC­NZBIBN]

LX@3UHXGSD`$UFHI1X-3X@YTCDUS@ 
NBZ­UWBZJIBUFUSBJWBHBSKJ¹ZBOUZ­°VEFWBU­Á]]]]

;HkU@B 
®¹JSVW­DB]]]]

ULT…U@RLT3O3XR@m%@SLG@RTQLÆ
FWBNVLUW­TBNVUQBUZBT­SĺI­UB©NBI­TVSBN]

O@CDM@Ö,XJZ0DBY4KDM$MLS@EXSÆ 
Q­EFO­LSBNZBLB´¾IFDB°ÄMFOBJOBNBU­ºBZBU]]]]
%FW².­I­UNZBNPage 46 of 150

SSR@DHOOC@Ö@-S2SX@HMILTN@^C@
UBUBÁTPQJQBE­LS­OUBTUBZ­OJKBNVLI­UUBE­]

W1HMÖ@-SU@R(´D5X@U(XD1:RUS 
BSEIBOJ¹LS­OUBFW­T²EEFWZ­W²SZF´BTB©W®UBÁ]]]]

W1HMÖ@-SU@R@$XT7XL@M@DLG@RTQ
BSEIBOJ¹LS­OUBFW­TBVZVEIZBN­OPNBI­TVSBÁ]

SX@LG@HRM@CD5X@HYQH9#_U@HMO@HSS 
UBZ­NBI­TJO­EFWZ­°JSB°DIJUUW­OJQ­UJUBÁ]]]]

SS@DG@G@J•SRU’C$3XR$-XMM@YSSÆ
UBUPI­I­L®UB©TBSWB©EBJUZBTBJOZB©OBO­°BUBU]

eG’BOQI&LTRJK@CDUS@F:@ 
QSBIBS¹B©DBQBSB©KBHNVÁTBLBM­EFWBU­HB´­Á]]]]

STuTUT2S@RTQ@CDU(ŸRGHC5X$L1GH1HÃ
UV¹¾VWVTU­©TVS­EFW²©TBIBEJWZBJSNBIBS¹JCIJÁ]

IFTF1-WU1OSX@DMMSTo@/RQ@DF:@ 
KBHVSHBOEIBSWBQBUBZPOBO®UV°D­QTBSPHB´­Á]]]]
%FW².­I­UNZBNPage 47 of 150

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDLHG@RTQUW@DM@L
EFW²N­I­UNZFNBIJ¹­TVSBWBEIPO­NB

SS(X@D7X@X 
U®U²ZPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 48 of 150

BSTV@D
1 7X@X
DBUVSUIPEIZ­ZBÁ

?;HkU@B 
PN®¹JSVW­DB]]]]

YÖ@CXRTQF:@HMGSDHSU(XD1
°BLS­EBZBÁTVSBHB´­OJIBUFUJW²SZF

SH2L-¯Q@3LHMRTQ@HQAKDBCD5X@
UBTNJOEVS­UNBOJTVS­SJCBMFDBEFWZ­]

S@STuTUTe:HSMlHYQ@DWQ@R@
U­©UV¹¾VWVÁQSB´BUJOBNSB°JSPEIBS­©T­

U@H&ÃeG1OTKJ@D¶LB@kCDG@ 
W­HCIJÁQSBIBS¹BQVMBLPEHBNBD­SVEFI­Á]]]]

CD5X@XX@SSHLCIFC@3LY…X@
EFWZ­ZBZ­UBUBNJEB©KBHBE­UNB°BLUZ­

HMYDCDUF:YHÄRL4GL43X@1
OJÁ°F¹BEFWBHB´B°BLUJTBNÄIBNÄSUZ­]
%FW².­I­UNZBNPage 49 of 150

S@LH,AJ@LHNKCDULGH1O4)X@
U­NBNCJL­NBLIJMBEFWBNBIBS¹JQÄKZ­©

ÅX@MS@2LHUCW@STYTÃ@HMR@M 
CIBLUZ­OBU­ÁTNBWJEBEI­UV°VCI­OJT­OBÁ]]]]

X2X@eÃ@ULSTKÃFU@MM-S@D
ZBTZ­ÁQSBCI­WBNBUVMB©CIBHBW­OBOBOUP

g|@GQoMHGUėLKAKB
CSBIN­IBSB°DBOBIJWBLUVNBMB©CBMB©DB]

R@BHZEJ@HNKIF3OHQO@KM@X
T­DB´ºJL­LIJMBKBHBUQBSJQ­MBO­ZB

M@Y@XB@YTÃÃX2XLHSJQ@DST 
O­°­ZBD­°VCIBCIBZBTZBNBUJ©LBSPUV]]]]

X@r(2UXRTJ•HSM@ÃUMDUKyL(
Z­°S²ÁTWBZB©TVL®UJO­©CIBWBOF¹WBMBL¹N²Á

O@O@3LM@J•SHWX@zCXDTATHµ
Q­Q­UNBO­©L®UBEIJZ­©I®EBZF¹VCVEEIJÁ]

rµ@RS@J—KIMeÃU2XKÙ@
°SBEEI­TBU­©LVMBKBOBQSBCIBWBTZBMBKK­

S@3U@MS@2LOHQO@KXCDHUHUsLÆ 
U­©UW­©OBU­ÁTNBQBSJQ­MBZBEFWJWJ°WBN]]]]
%FW².­I­UNZBNPage 50 of 150

HJU:1X@LSUmOLHB-3XLDSSÆ
LJ©WBS´BZ­NBUBWBSÄQBNBDJOUZBNFUBU

HJB@HSU(X1LRTQ<XJ@HQÃ4HQ
LJ¸D­UJW²SZBNBTVSBL¹BZBL­SJCIÄSJ]

HJB@GUDTBHQS@HMSU@HSX@HM
LJ©D­IBWF¹VDBSJU­OJUBW­UJZ­OJ

RUD1TCD5XRTQCDUF:@HCJDT 
TBSWF¹VEFWZBTVSBEFWBHB´­EJLF¹V]]]]

GDSTRL2SIFS@H`FT:@HOC@D$Â
IFUVÁTBNBTUBKBHBU­©USJHV´­QJEP¹BJ-

M1\@XRDGHQGQ@HCHÃQ/XO@Q@
SOBK¸­ZBTFIBSJIBS­EJCIJSBQZBQ­S­]

RU@1rX@HNKHLCIFCYÃ4SÂ
TBSW­°SBZ­LIJMBNJEB©KBHBEB©°BCIÄUB-

L5X@J•S@HGOQL@eJ•HS23UL@
@ 
NBWZ­L®U­IJQBSBN­QSBL®UJTUWBN­EZ­]]]]

X2X@RL2SRTQS@RLTC(Q:DM
ZBTZ­ÁTBNBTUBTVSBU­TBNVE²SB´FOB

SHÏeX@HSRJKDTLNDTCDHU
U®QUJ©QSBZ­UJTBLBMF¹VNBLIF¹VEFWJ]
%FW².­I­UNZBNPage 51 of 150

2U@G@HRU$HOSF:2XBSHÏGDSTÂ
TW­I­TJWBJQJU®HB´BTZBDBU®QUJIFUV-

k×@X1RD3ULSUIM$2UW@B 
SVDD­SZBTFUWBNBUBFWBKBOBJÁTWBEI­DB]]]]

X@LTHÄGDSTQHUHB-3XLG@pS@3U
Z­NVLUJIFUVSBWJDJOUZBNBI­WSBU­UWB©

>X2XRDRTHMXSDH-¸XS_UR@Q$
BCIZBTZBTFTVOJZBUFOESJZBUBUUWBT­SBJÁ]

L@D<@HV1HÃLT1HMHÃQ2SRL2SC@D$Â
NPL¹­SUIJCIJSNVOJCIJSBTUBTBNBTUBEP¹BJ-

HU1
@HRR@ÃFUS(OQL@HGCDHU 
SWJEZ­TJT­CIBHBWBU²QBSBN­IJEFWJ]]]]

Y!C@H3LJ@RTHULK&X1IT@HMW@MÂ
°BCE­UNJL­TVWJNBMBSHZBKV¹­©OJEI­OB-

LT¶(VQ,XOCO@0US@BR@j@LÆ
NVEH²UIBSBNZBQBEBQ­¾IBWBU­©DBT­NO­N]

CDHU`X(ÃFUS(ÃUÃ@UM@X
EFWJUSBZ²CIBHBWBU²CIBWBCI­WBO­ZB

U@S@1HRRU1IFS@OQL@HS1G¼( 
W­SU­TJTBSWBKBHBU­©QBSBN­SUJBOUS²]]]]
%FW².­I­UNZBNPage 52 of 150

LDW@HRCDHUHUHCS@HNKY@vR@Q@
NFEI­TJEFWJWJEJU­LIJMB°­TUSBT­S­

¯F@1HR¯F1ÃUR@FQM@$QRØ@
EVSH­TJEVSHBCIBWBT­HBSBOBVSBTBµH­]

r(J$PÃ@HQzCX$JJ•S@HWU@R@
°S²ÁLBJ¾BCI­SJI®EBZBJLBL®U­EIJW­T­

F@$Q(3ULDUYHYL@$HKJ•SeHSt@ 
HBVS²UWBNFWB°B°JNBVMJL®UBQSBUJ¹¾I­]]]]

3RG@RLLKOHQO4:1B-¸Â
²¹BUTBI­TBNBNBMB©QBSJQÄS´BDBOESB-

HA,A@MTJ@HQJMJ@D^LJ@H-SJ@-SLÆ
CJNC­OVL­SJLBOBLPUUBNBL­OUJL­OUBN]

3Xa«SezSL@^k@SV@HO
BUZBECIVUB©QSBI®UBN­UUBSV¹­UBUI­QJ

U‹HUK@D*XRGR@LHG@RTQD: 
WBLUSB©WJMPLZBTBIBT­NBIJ¹­TVSF´B]]]]

}PU@STCDHUJ—HOSTJ—P(JQ@KÂ
E®¹¾W­UVEFWJLVQJUB©CISVLV¾²LBS­MB-

LT
"#Y@–R}Y"#HUXºR

NVEZBDDIB°­µLBTBE®°BDDIBWJZBOOBTBEZBÁ]
%FW².­I­UNZBNPage 53 of 150

e@:@MÆLTL@DBLHG2SCS(UHB`
QS­´­ONVNPDBNBIJ¹BTUBEBU²WBDJUSB©

J$I(15XSDHGJ—HOS@-SJCY1MDM 
LBJSK²WZBUFIJLVQJU­OUBLBEBS°BOFOB]]]]

CDHUeR(COQL@ÃUS(ÃU@X
EFWJQSBT²EBQBSBN­CIBWBU²CIBW­ZB

R
@DHUM@YXHRJ@DOUS(J—K@HM
TBEZPWJO­°BZBTJLPQBWBU²LVM­OJ]

HU\@SLDSCWTM$UXC2SLDSÂ
WJK¸­UBNFUBEBEIVOBJWBZBEBTUBNFUB-

º(SAKRTHUOTKLHG@RTQ2X 
OO²UB©CBMB©TVWJQVMB©NBIJ¹­TVSBTZB]]]]

SDR,LS@IMOCDTWM@HMSD@
UFTBNNBU­KBOBQBEF¹VEIBO­OJUF¹­©

SD@XY@HRMBR(CHSA-WTUF1
UF¹­©ZB°­©TJOBDBT²EBUJCBOEIVWBSHBÁ]

W-X@2SUHMÃS@3LIÃ3XC@Q@
EIBOZ­TUBFWBOJCI®U­UNBKBCI®UZBE­S­

XD@RC@>XTCXC@ÃUS(eRº@ 
ZF¹­©TBE­CIZVEBZBE­CIBWBU²QSBTBOO­]]]]
%FW².­I­UNZBNPage 54 of 150

W,X@1H:CDHURJK@HMRC$UJL@1Â
EIBSNZ­BÖJEFWJTBLBM­OJTBEBJWBLBSN­-

ZX3X@}SeHSHCMRTJ•S(JQ@DHS
´ZBUZ­E®UBÁQSBUJEJOB©TVL®U²LBSPUJ]

2UF’eX@HSBSS@DÃUS(eR@C@Â
TWBSHB©QSBZ­UJDBUBUPCIBWBU²QSBT­E­-

¢@DJ`XDHO KC@MMTCDHUSDM 

MMPLBUSBZFQJQIBMBE­OBOVEFWJUFOB]]]]

¯FD12LS@GQHRÃ(HSLYDI-S@D
EVSHFTN®U­IBSBTJCI²UJNB°F¹BKBOUPÁ

2U2V$2LS@LHSLS(UYTÃ@CC@HR
TWBTUIBJÁTN®U­NBUJNBU²WB°VCI­©EBE­TJ]

C@HQ›¯NÃXG@HQH:J@3UC-X@
E­SJESZBEVÁLIBCIBZBI­SJ´JL­UWBEBOZ­

RU@D1OJ@QJQ:@XRC@¸1HB^@ 
TBSWPQBL­SBLBSB´­ZBTBE­SESBIJUU­]]]]

HÃG1S$I1F¯O$HSRTNSV$SD
FCIJSIBUBJSKBHBEVQBJUJTVLIB©UBUIBJUF

J—U1-STM@LMQJ@XHBQ@XO@OLÆ
LVSWBOUVO­NBOBSBL­ZBDJS­ZBQ­QBN]
%FW².­I­UNZBNPage 55 of 150

R@LL3XTLHWF,XHCUeX@-ST
TBµHS­NBN®UZVNBEIJHBNZBEJWB©QSBZ­OUV

L3UDHSM4MLHGS@H-UHMGHRCDHU 
NBUWFUJOÄOBNBIJU­OWJOJIB©TJEFWJ]]]]

}PU$UHJMÃUS(eJQ@DHSÃ2L
E®¹¾WBJWBLJ©OBCIBWBU²QSBLBSPUJCIBTNB

RU@1RTQ@MHQTXSÆeHG:@DHYvLÆ
TBSW­TVS­OBSJ¹VZBUQSBIJ´P¹J°BTUSBN]

K@DJ@-eX@-STHQOU@DHOHGYvO4S@
MPL­OQSBZ­OUVSJQBWPQJIJ°BTUSBQÄU­

Å3VLHSÃ1UHSSDUHGSDTR@7U( 
JUUIB©NBUJSCIBWBUJUF¹WBIJUF¹VT­EIW²]]]]

NEFeÃ@HMJQHU2 —Q:$2SV@D$
LIBºHBQSBCI­OJLBSBWJTQIVSB´BJTUBUIPHSBJÁ

Y4K@J@H-SHMUGDM}Y@DRTQ@:@LÆ
°ÄM­HSBL­OUJOJWBIFOBE®°PTVS­´­N]

Xº@FS@HUKXLYTLHC-¯NZEÂ
ZBOO­HBU­WJMBZBNB©°VNBEJOEVLIB´ºB-

X@D&X@MMSUHUK@DJXS@SCDSSÆ 
ZPHZ­OBOB©UBWBWJMPLBZBU­©UBEFUBU]]]]
%FW².­I­UNZBNPage 56 of 150

¯U1^U^YLMSUCDHUY(K
EVSW®UUBW®UUB°BNBOB©UBWBEFWJ°²MB©

mOSV$SCHUHB-3XLST+XL-X$
SÄQB©UBUIBJUBEBWJDJOUZBNBUVMZBNBOZBJÁ]

U(X’BG-SzSCDUOQ@ÖL@:@
W²SZB©DBIBOU®I®UBEFWBQBS­LSBN­´­©

U$HQUHOeJHPS$UCX@3UXD3VLÆ 
WBJSJ¹WBQJQSBLB¾JUBJWBEBZ­UWBZFUUIBN]]]]

JDM@DOL@ÃUSTSD2XOQ@ÖL2X
LFOPQBN­CIBWBUVUFTZBQBS­LSBNBTZB

mOBY`TÃXJ@X1HSG@HQJ—`
SÄQB©DB°BUSVCIBZBL­SZBUJI­SJLVUSB]

HB^DJ•O@RLQHMtTQS@B}u@
DJUUFL®Q­TBNBSBOJ¹¾IVSBU­DBE®¹¾­

3U8XDUCDHUUQCDÃTUM`XDHO 
UWBZZFWBEFWJWBSBEFCIVWBOBUSBZFQJ]]]]

`$K@D*XLDSCHNKHQOTM@YMDM
USBJMPLZBNFUBEBLIJMB©SJQVO­°BOFOB

`@S3UX@RLQL4W1HMSDHOG3U@
US­UB©UWBZ­TBNBSBNÄSEIBOJUFQJIBUW­]
%FW².­I­UNZBNPage 57 of 150

M(S@HCUHQOTF:@ÃXL/XO@2SLÆ
O²U­EJWB©SJQVHB´­CIBZBNBQZBQ­TUBN

2L@JLT-LCRTQ@HQÃUML2SD 
BTN­LBNVONBEBTVS­SJCIBWB©OBNBTUF]]]]

Y4KDMO@HGM@DCDHUO@HGNEFDMB@H,AJD
°ÄMFOBQ­IJOPEFWJQ­IJLIBºHFOBD­NCJLF]

ÇZP@2UMDMMO@HGB@O)X@HM2UMDMB 
HIB´¾­TWBOFOBOBÁQ­IJD­QBKZ­OJÁTWBOFOBDB]]]]

e@"X@Q<eS("X@BBHZEJDQ<CH<:D
QS­DZ­©SBL¹BQSBU²DZ­©DBDB´ºJLFSBL¹BEBL¹J´F]

@L:DM@3LY4K2X^Q2X@SVDsHQ 
CIS­NB´FO­UNB°ÄMBTZBVUUBSBTZ­©UBUIF°WBSJ]]]]

R@$,X@HMX@HMmO@H:`$K@D*XDHUBQH-SSD
TBVNZ­OJZ­OJSÄQ­´JUSBJMPLZFWJDBSBOUJUF]

X@HMB@3X-SÇ@DQ@H:S$Q<@2L@2SV@ÃTULÆ 
Z­OJD­UZBOUBHIPS­´JUBJSBL¹­TN­©TUBUI­CIVWBN]]]]

NEFY4KFC@C(HMX@HMB@v@HMSDH,AJD
LIBºHB°ÄMBHBE­E²OJZ­OJD­TUS­OJUFNCJLF]

JQO¢URØ(HMS$Q2L@MÆQ<RU1S 
LBSBQBMMBWBTBµH²OJUBJSBTN­OSBL¹BTBSWBUBÁ]]]]
%FW².­I­UNZBNPage 58 of 150

;HkU@B 
®¹JSVW­DB]]]]

U2STS@RTQ$HC15X$J—RTL$M1-CM@DaU$
FWB©TUVU­TVSBJSEJWZBJÁLVTVNBJSOBOEBOPECIBWBJÁ]

HB1S@IFS@W@`(SV@F-W@MTKDOM$ 
BSDJU­KBHBU­©EI­US²UBUI­HBOEI­OVMFQBOBJÁ]]]]

ÅX@RL2S$HvCY$HC15X$W41O$RTW4HOS@
CIBLUZ­TBNBTUBJTUSJEB°BJSEJWZBJSEIÄQBJÁTVEIÄQJU­]

e@GeR@CRTLTN(RL2S@MÆe:S@MÆRTQ@MÆ 
QS­IBQSBT­EBTVNVLI²TBNBTU­OQSB´BU­OTVS­O]]]]

CD5XTU@B 
EFWZVW­DB]]]]

HpXS@H`CY@RUD1XC2L^@DHÃU@H°#SLÆ 
WSJZBU­©USJEB°­ÁTBSWFZBEBTNBUUPCIJW­¸DIJUBN]]]]

CDU@=BT 
EFW­ÄDVÁ]]]]

ÃFU3X@J•SRU’MHJHBCUHYXSD 
CIBHBWBUZ­L®UB©TBSWB©OBLJ¸DJEBWB°J¹ZBUF]]]]
%FW².­I­UNZBNPage 59 of 150

XCXHMGSY`TQ2L@JLHG@RTQ
ZBEBZB©OJIBUBÁ°BUSVSBTN­LB©NBIJ¹­TVSBÁ]

XHCB@HOUQ@DCDX23UX@2L@JLGDsHQ 
ZBEJD­QJWBSPEFZBTUWBZ­TN­LB©NBIF°WBSJ]]]]

R2LS@R2LS@3UM@DHGRDV@OQL@OC
TB©TN®U­TB©TN®U­UWB©OPIJ©TFUI­ÁQBSBN­QBEBÁ]

XoL3X12SU$QDHÃ23U@2S@DX3XLK@MMD 
ZB°DBNBSUZB]ÁTUBWBJSFCIJTUW­©TUP¹ZBUZBNBM­OBOF]]]]

S2XHU^Hµ1HUÃU$W1MC@Q@HCR,OC@LÆ
UBTZBWJUUBSEEIJ]WJCIBWBJSEIBOBE­S­EJTBNQBE­N]

UµXD2L3eRº@3UÃUDV@RU1C@H,AJD 
W®EEIBZFTNBUQSBTBOO­UWB©CIBWFUI­ÁTBSWBE­NCJLF]]]]

;HkU@B 
®¹JSVW­DB]]]]

ÅHSeR@HCS@CDU$I1FS@DVD1SV@3LM
JUJQSBT­EJU­EFWBJSKBHBUPSUIFUBUI­UNBOBÁ]

SVD3XT…U@øJ@K(AÃ4U@-SHG1S@MO 
UBUIFUZVLUW­CIBESBL­M²CBCIÄW­OUBSIJU­O®QB]]]]
%FW².­I­UNZBNPage 60 of 150

Å3XDS3JHVSÃ4OR,Ã4S@R@XV@OTQ@
JUZFUBULBUIJUB©CIÄQBTBNCIÄU­T­ZBUI­QVS­]

CDU(CDUYQ(QD>X@DIF3`XHGS$H:( 
EFW²EFWB°BS²SFCIZPKBHBUUSBZBIJUBJ¹J´²]]]]

OTMoF@$Q(CDG@3R@RLTa”S@XV@ÃUSÆ
QVOB°DBHBVS²EFI­UT­TBNVECIÄU­ZBUI­CIBWBU]

UW@X¯uC$3X@M@SV@YT,ÃHMYT,ÃX@D 
WBEI­ZBEV¹¾BEBJUZ­O­©UBUI­°VNCIBOJ°VNCIBZPÁ]]]]

Q<:@XBK@DJ@M@CDU@M@LTOJ@HQ:(
SBL¹B´­ZBDBMPL­O­©EFW­O­NVQBL­SJ´²]

S"#:TULX@.X@SXV@U3JVX@HLSD 
UBDDI®´V¹WBNBZ­LIZ­UB©ZBUI­WBULBUIBZ­NJUF]]]]

¥(Ÿ?
]IS²NPN]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDYÖ@HC2STHSM@1L
EFW²N­I­UNZF°BLS­EJTUVUJSO­NB

BSTV@D17X@X 
DBUVSUIPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 61 of 150

O®L@D7X@X
QB¸DBNPEIZ­ZBÁ

HUHMX@DF
WJOJZPHBÁ

2Xr(^QBHQ`2Xk¸;Hr(LG@RQ2US(
BTZB°S²VUUBSBDBSJUSBTZBSVESB®¹JÁ]°S²NBI­TBSBTWBU²

CDUS@ MTuTOÆ#-CÃ(L@YHÄ@LQ(

EFWBU­]BOV¹¾VQDIBOEBÁ]CI²N­°BLUJÁ]CIS­NBS²

A(ILÆR4X12S_ULÆR@LUDC2UmOLÆ

C²KBN]TÄSZBTUBUUWBN]T­NBWFEBÁTWBSÄQBN]

r(LG@RQ2US(e(3XVD1^QBHQ`O@0DHUHMX@DF
°S²NBI­TBSBTWBU²QS²UZBSUIFVUUBSBDBSJUSBQ­¾IFWJOJZPHBÁ]

7X@MLÆ
]EIZ­OBN]

ÇZP@Y4KGK@HMYœLTRKDBÖWMTR@XJ
HIB´¾­°ÄMBIBM­OJ°BµLIBNVTBMFDBLSB©EIBOVÁT­ZBLB©
%FW².­I­UNZBNPage 62 of 150

G2S@f$C1WS(ŸÇM@-SHUKR"#(S@YTST+XeÃ@LÆ
IBTU­CKBJSEBEIBU²©HIBO­OUBWJMBTBDDI²U­©°VUVMZBQSBCI­N]

F@$Q(CDGRLTaU@H`IFS@L@W@QÃ4S@LG@Â
HBVS²EFIBTBNVECIBW­©USJKBHBU­N­EI­SBCIÄU­©NBI­-

O4U@1L`RQ2US(LMTÃIDYT,Ã@HCC$3X@HC1M(LÆ
QÄSW­NBUSBTBSBTWBU²NBOVCIBKF°VNCI­EJEBJUZ­SEJO²N]]

?“(Ÿ;HkU@B 
PNLM²N®¹JSVW­DB]]]]

OTQ@YT,ÃHMYT,Ã@>X@LRTQ@>X@YB(OSD
QVS­°VNCIBOJ°VNCI­CIZ­NBTVS­CIZ­©°BD²QBUFÁ]

`$K@D*XX\Ã@F@ozS@LCAK@rX@SÆ 
USBJMPLZB©ZBK¸BCI­H­°DBI®U­NBEBCBM­°SBZ­U]]]]

S@UDUR4X1S@SbCHWJ@QSV$-CULÆ
U­WFWBTÄSZBU­©UBEWBEBEIJL­SB©UBUIBJOEBWBN]

J@$ADQLVX@,XBBÖ@SDUk:2XB 
LBVCFSBNBUIBZ­NZB©DBDBLS­UFWBSV´BTZBDB]]]]

S@UDUOUMHµ’BBÖSTU1H{JL1B
U­WFWBQBWBOBSEEIJ©DBDBLSBUVSWBIOJLBSNBDB]

SS@DCDU@HUHMW41S@uQ@)X@OQ@HIS@ 
UBUPEFW­WJOJSEIÄU­CISB¹¾BS­KZ­ÁQBS­KJU­Á]]]]
%FW².­I­UNZBNPage 63 of 150

zS@HWJ@Q@HvCY@2S@>X@RUD1HMQ@J•S@
I®U­EIJL­S­TUSJEB°­TU­CIZ­©TBSWFOJS­L®U­Á]

LG@RTQ@>X@S@CDU(ŸR2LQ-3XOQ@HIS@LÆ 
NBI­TVS­CIZ­©U­©EFW²©TB©TNBSBOUZBQBS­KJU­N]]]]

SX@2L@JUQ@DC^@DXV@O3RT2LS@HNK@
UBZ­TN­LB©WBSPEBUUPZBUI­QBUTVTN®U­LIJM­Á]

ÃUS@M@YHXX@HLS3<:@3OQL@OC 
CIBWBU­©O­°BZJ¹Z­NJUBUL¹B´­UQBSBN­QBEBÁ]]]]

ÅHSJ•3U@LHSCDU@HGLU-SMFDsQLÆ
JUJL®UW­NBUJ©EFW­IJNBWBOUB©OBHF°WBSBN]

I&LT2S`SS@DCDU(ŸHU:TL@X@eSTuTUT 
KBHNVTUBUSBUBUPEFW²©WJ¹´VN­Z­©QSBUV¹¾VWVÁ]]]]

CDU@=BT 
EFW­ÄDVÁ]]]]

ML@DCD5X$LG@CD5X$HYU@X$RSSML
OBNPEFWZBJNBI­EFWZBJ°JW­ZBJTBUBUB©OBNBÁ]

MLeJ•3X$ø@X$HMXS@e:S@2LS@LÆ 
OBNBÁQSBL®UZBJCIBES­ZBJOJZBU­ÁQSB´BU­ÁTNBU­N]]]]
%FW².­I­UNZBNPage 64 of 150

Q@$¸@X$ML@DHM3X@X$F@$X$1W@²X$ML@DML
SBVES­ZBJOBNPOJUZ­ZBJHBVSZBJEI­USZBJOBNPOBNBÁ]

)X@D3x@X$BD-¯mHOZX$RTN@X$RSSML 
KZPUTO­ZBJDFOEVSÄQJ´ZBJTVLI­ZBJTBUBUB©OBNBÁ]]]]

J+X@ZX$e:S@Uµ$HRµ$J—L@D1ML@DML
LBMZ­´ZBJQSB´BU­W®EEIZBJTJEEIZBJLVSNPOBNPOBNBÁ]

M$;13X$Ã4ÃS@Ky,X$YU@1ZX$SDML@DML 
OBJS®UZBJCIÄCI®U­©MBL¹NZBJ°BSW­´ZBJUFOBNPOBNBÁ]]]]

¯F@1X$¯F1O@Q@X$R@Q@X$RU1J@HQZX$
EVSH­ZBJEVSHBQ­S­ZBJT­S­ZBJTBSWBL­SJ´ZBJ]

.X@3X$SV$UJ•:@X$W4l@X$RSSML 
LIZ­UZBJUBUIBJWBL®¹´­ZBJEIÄNS­ZBJTBUBUB©OBNBÁ]]]]

HSR@$,X@HSQ@$¸@X$MS@2S2X$ML@DML
BUJTBVNZ­UJSBVES­ZBJOBU­TUBTZBJOBNPOBNBÁ]

ML@DIF3eHSt@X$CD5X$J•3X$ML@DML 
OBNPKBHBUQSBUJ¹¾I­ZBJEFWZBJL®UZBJOBNPOBNBÁ]]]]

X@CDU(RU1Ã4SDTHU:TL@XDHSYH!CS@
Z­EFW²TBSWBCIÄUF¹VWJ¹´VN­ZFUJ°BCEJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]
%FW².­I­UNZBNPage 65 of 150

X@CDU(RU1Ã4SDTBDSMD3XHÃW(XSD
Z­EFW²TBSWBCIÄUF¹VDFUBOFUZBCIJEI²ZBUF]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTATHµmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VCVEEIJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTHM¸@mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VOJES­SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDT<TW@mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VL¹VEI­SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDT#@X@mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VDI­Z­SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]
%FW².­I­UNZBNPage 66 of 150

X@CDU(RU1Ã4SDTYHÄmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹V°BLUJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTS:@mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VU®¹´­SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDT<@H-SmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VL¹­OUJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTI@HSmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VK­UJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTKÙ@mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VMBKK­SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]
%FW².­I­UNZBNPage 67 of 150

X@CDU(RU1Ã4SDTY@H-SmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹V°­OUJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTrµ@mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹V°SBEEI­SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTJ@H-SmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VL­OUJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTKyL(mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VMBL¹N²SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTUH^mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VW®UUJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]
%FW².­I­UNZBNPage 68 of 150

X@CDU(RU1Ã4SDT2LHSmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VTN®UJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTCX@mOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VEBZ­SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTSTHumOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VUV¹¾JSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDTL@SmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VN­U®SÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

X@CDU(RU1Ã4SDT@H-SmOD:RH2VS@
Z­EFW²TBSWBCIÄUF¹VCIS­OUJSÄQF´BTB©TUIJU­]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]
%FW².­I­UNZBNPage 69 of 150

ÅH-¸X@:@LHWt@`(Ã4S@M@B@HNKDTX@
JOESJZ­´­NBEIJ¹¾I­US²CIÄU­O­©D­LIJMF¹VZ­]

Ã4SDTRSSS2X$5X@ÑX$CD5X$ML@DML 
CIÄUF¹VTBUBUB©UBTZBJWZ­QUZBJEFWZBJOBNPOBNBÁ]]]]

HBHSmOD:X@J•3xLDSC5X@/XH2VS@IFSÆ
DJUJSÄQF´BZ­L®UTOBNFUBEWZ­QZBTUIJU­KBHBU]

ML2S2X$ML2S2X$ML2S2X$ML@DML Â
OBNBTUBTZBJOBNBTUBTZBJOBNBTUBTZBJOBNPOBNBÁ]]-]]

2STS@RTQ$O4U1LÃ(uRrX@Â
TUVU­TVSBJÁQÄSWBNBCI²¹¾BTB©°SBZ­-

^V@RTQD-¸D:HCMDTRDHUS@
UUBUI­TVSFOESF´BEJOF¹VTFWJU­]

JQ@DSTR@MYTÃGDSTQ(sQ(
LBSPUVT­OBÁ°VCIBIFUVS²°WBS²

YTÃ@HMø@ZXHÃG-STB@OC 
°VCI­OJCIBES­´ZBCIJIBOUVD­QBEBÁ]]]]

X@R@,eSB@DµSC$3XS@HOS$Â
Z­T­NQSBUB©DPEEIBUBEBJUZBU­QJUBJ-

Q2L@HÃQ(Y@BRTQ$M1L2XSD
SBTN­CIJS²°­DBTVSBJSOBNBTZBUF]
%FW².­I­UNZBNPage 70 of 150

X@B2LS@S3<:LDUGH-SM
Z­DBTN®U­UBUL¹B´BNFWBIBOUJOBÁ

RU@1OC@DÃHÄHUMlL4HS1HÃ 
TBSW­QBEPCIBLUJWJOBNSBNÄSUJCIJÁ]]]]

;HkU@B 
®¹JSVW­DB]]]]

U2SU@HÃXTÄ@M@CDU@M@S`O@U1S(
FWB©TUBW­CIJZVLU­O­©EFW­O­©UBUSBQ­SWBU²]

x@STL>X@XX@$S@DXDI@{5X@MOM-CM 
TO­UVNBCIZ­ZBZBVUPZFK­IOBWZ­O®QBOBOEBOB]]]]

R@gU(^@MÆRTQ@MÆRT4Ã1UHa2S4XSD`J@
T­CSBW²UU­OTVS­OTVCISÄSCIBWBECIJÁTUÄZBUFUSBL­]

YQ(QJ@DYSo@2X@RLTa”S@gU(H"#U@ 
°BS²SBLP°BUB°D­TZ­ÁTBNVECIÄU­CSBW²DDIJW­]]]]

2S@D`LL$SH3ÖXSDYT,ÃC$3XHMQ@J•S$
TUPUSB©NBNBJUBULSJZBUF°VNCIBEBJUZBOJS­L®UBJÁ]

CDU$RLDS$RLQDHMYT,ÃDMOQ@HIS$ 
EFWBJÁTBNFUBJÁTBNBSFOJ°VNCIFOBQBS­KJUBJÁ]]]]
%FW².­I­UNZBNPage 71 of 150

YQ(QJ@DY@
^2X@O@U13X@HMRS@H,AJ@
°BS²SBLP°­EZBUUBTZ­ÁQ­SWBUZ­OJÁT®U­NCJL­]

J@$HYJ(HSRL2SDTSS@DK@DJDTF(XSD 
LBV°JL²UJTBNBTUF¹VUBUPMPLF¹VH²ZBUF]]]]

S2X@HUHMF1S@X@STJ•:@Ã43R@HOO@U1S(
UBTZ­©WJOJSHBU­Z­©UVL®¹´­CIÄUT­QJQ­SWBU²]

J@HKJDHSRL@.X@S@HGL@BKJ•S@rX@ 
L­MJLFUJTBN­LIZ­U­IJN­DBMBL®U­°SBZ­]]]]

SS@DH,AJ@OQmOHA@:@RTLM@DGQLÆ
UBUPNCJL­©QBSB©SÄQB©CJCIS­´­©TVNBOPIBSBN]

CCY1BZE@DLTZEoÃ3X@$YT,ÃHMYT,ÃX@D 
EBEBS°BDB´ºPNV´ºB°DBCI®UZBV°VNCIBOJ°VNCIBZPÁ]]]]

S@>X@YT,Ã@XB@.X@S@R@S(URTLM@DGQ@
U­CIZ­©°VNCI­ZBD­LIZ­U­T­U²WBTVNBOPIBS­]

J@/X@2SDv(LG@Q@IÃ@RX-S(HGL@BKLÆ 
L­QZ­TUFTUS²NBI­S­KBCI­TBZBOU²IJN­DBMBN]]]]

M$US@}J*UHB¸”O}uJDMHB¯^LLÆ
OBJWBU­E®LLWBDJESÄQB©E®¹¾B©LFOBDJEVUUBNBN]

\@XS@J@/XR@$CDU(FÐS@B@RTQDsQ 
K¸­ZBU­©L­QZBTBVEFW²H®IZBU­©D­TVSF°WBSB]]]]
%FW².­I­UNZBNPage 72 of 150

v(Q‰LHSB@U1Ø(
@DSX-S(HCYH23U@
TUS²SBUOBNBUJD­SWBµH²EZPUBZBOU²EJ°BTUWJ¹­]

R@STHStHSC$3XD-¸S@ÃU@MƸuTLG1HS 
T­UVUJ¹¾IBUJEBJUZFOESBU­©CIBW­OESB¹¾VNBSIBUJ]]]]

X@HMQ‰@HML:X@DFI@s@C(HMU$eÃ@D
Z­OJSBUO­OJNB´BZPHBK­°W­E²OJWBJQSBCIP]

`$K@D*XDSTRL2S@HMR@,eSÃ@H-SSDFGD 
USBJMPLZFUVTBNBTU­OJT­NQSBUB©CI­OUJUFH®IF]]]]

DQ@USRL@M(S@DFIQ‰OTQ-CQ@SÆ
BJS­WBUBÁTBN­O²UPHBKBSBUOB©QVSBOEBS­U]

O@HQI@SSko@XSV$U@D×$rU@GX 
Q­SJK­UBUBSV°D­ZB©UBUIBJWPDDBJÁ°SBW­IBZBÁ]]]]

HUL@MGRRXTÄLDSH^tHSSDØ:D
WJN­OB©IB©TBTB©ZVLUBNFUBUUJ¹¾IBUJUFµHB´F]

Q‰Ã4SHLG@M(SXC@R(bDWR@Da«SLÆ 
SBUOBCIÄUBNJI­O²UB©ZBE­T²EWFEIBTPECIVUBN]]]]

HMHWQDLG@O¹RL@M(S@DWMDsQ@SÆ
OJEIJSF¹BNBI­QBENBÁTBN­O²UPEIBOF°WBS­U]

HJšH+JM(ŸCC@$B@H!WL@1K@L,K@MO–I@LÆ 
LJ¸KBMLJO²©EBEBVD­CEIJSN­M­NBNM­OBQBµLBK­N]]]]
%FW².­I­UNZBNPage 73 of 150

#`SDU@k:FDGDJ@®Mw@HUHStHS
DIBUSB©UFW­SV´B©HFIFL­¸DBOBTS­WJUJ¹¾IBUJ]

SV@X2X-CMUQ@DXOTQ@R(3eI@OSD 
UBUI­ZB©TZBOEBOBWBSPZBÁQVS­T²UQSBK­QBUFÁ]]]]

L3X@Dk3Ö@H-SC@M@LYHÄQ(Y3UX@zS@
N®UZPSVULS­OUJE­O­NB°BLUJS²°BUWBZ­I®U­]

O@YRHKKQ@I2X@ST2SUOHQGD 
Q­°BÁTBMJMBS­KBTZBCIS­UVTUBWBQBSJHSBIF]]]]

HMYT,Ã2X@H!WI@S@oRL2S@Q‰I@SX
OJ°VNCIBTZ­CEIJK­U­°DBTBNBTU­SBUOBK­UBZBÁ]

UH{QHOCC@$ST>XLHƒY@$BDBU@RR( 
WBIOJSBQJEBEBVUVCIZBNBHOJ°BVDFDBW­TBT²]]]]

UC$3XD-¸Q‰@HMRL2S@-X@zS@HMSD
FWB©EBJUZFOESBSBUO­OJTBNBTU­OZ­I®U­OJUF]

v(Q‰LD@J+X@:(3UX@J2L@ºFÐSD 
TUS²SBUOBNF¹­LBMZ­´²UWBZ­LBTN­OOBH®IZBUF]]]]
%FW².­I­UNZBNPage 74 of 150

;HkU@B 
®¹JSVW­DB]]]]

HMY,XDHSUBYT,ÃRSC@BZELTZEX@D
OJ°BNZFUJWBDBÁ°VNCIBÁTBUBE­DB´ºBNV´ºBZPÁ]

eDX@L@RRT(U±SCD5X@LG@RTQLÆ 
QSF¹BZ­N­TBTVHS²WB©EÄUB©EFWZ­NBI­TVSBN]]]]

ÅHSBDHSBUÄ5X@R@F3U@UBM@-LL
JUJDFUJDBWBLUBWZ­T­HBUW­WBDBO­ONBNB]

XV@B@>XDHSR,e(3X@SV@J@X’3UX@KÇT 
ZBUI­D­CIZFUJTBNQS²UZ­UBUI­L­SZB©UWBZ­MBHIV]]]]

RS`F3U@X`@2SDY$K@D´DYDHSY@DÃMD
TBUBUSBHBUW­ZBUS­TUF°BJMPEEF°FUJ°PCIBOF]

S@BCDU(ŸSSe@GÎy:LWTQX@HFQ@ 
U­©DBEFW²©UBUBÁQS­IB°MBL¹´B©NBEIVSBZ­HJS­]]]]

±SU@B 
EÄUBVW­DB]]]]

CDHUC$3XDsQYT,Ãv$K@D*XDOQLDsQ
EFWJEBJUZF°WBSBÁ°VNCIBTUSBJMPLZFQBSBNF°WBSBÁ]

±S@DGeDHS2SDM3U3RJ@YHLG@FS 
EÄUPIB©QSF¹JUBTUFOBUWBUTBL­°BNJI­HBUBÁ]]]]
%FW².­I­UNZBNPage 75 of 150

5X@GS@\RU@1RTXRC@CDUX@DHMT
BWZ­IBU­K¸BÁTBSW­TVZBÁTBE­EFWBZPOJ¹V]

HMHI1S@HNKC$3X@HQRXC@GY:TUSSÆ 
OJSKJU­LIJMBEBJUZ­SJÁTBZBE­IB°®´V¹WBUBU]]]]

LL`$K@D*XLHNKLLCDU@UY@MTF@
NBNBUSBJMPLZBNBLIJMB©NBNBEFW­WB°­OVH­Á]

X\Ã@F@MGRU@1MTO@q@HLOVJOVJ 
ZBK¸BCI­H­OBIB©TBSW­OVQ­°O­NJQ®UIBLQ®UIBL]]]]

`$K@D*XDUQQ‰@HMLLU9X@-XYDS
USBJMPLZFWBSBSBUO­OJNBNBWB°Z­OZB°F¹BUBÁ]

SV$UFIQ‰BzSCDUD-¸U@GMLÆ 
UBUIBJWBHBKBSBUOB©DBI®UB©EFWFOESBW­IBOBN]]]]

<(Q@DCLVM@Da”SLsQ‰LL@LQ$
L¹²SPEBNBUIBOPECIÄUBNB°WBSBUOB©NBN­NBSBJÁ]

×$rURR\S3eH:O3XRLHO1SLÆ 
VDDBJÁ°SBWBTBTB¸K¸B©UBUQSB´JQBUZBTBNBSQJUBN]]]]

X@HMB@-X@HMCDUDTF-WUD14QFDTB
Z­OJD­OZ­OJEFWF¹VHBOEIBSWF¹ÄSBHF¹VDB]

Q‰Ã4S@HMÃ4S@HMS@HML8XDUY@DÃMD 
SBUOBCIÄU­OJCIÄU­OJU­OJNBZZFWB°PCIBOF]]]]
%FW².­I­UNZBNPage 76 of 150

v(Q‰Ã4S@3U@CDHUK@DJDL-X@LGDUXLÆ
TUS²SBUOBCIÄU­©UW­©EFWJMPLFNBOZ­NBIFWBZBN]

R@3UL2L@MTO@F"#XS@DQ‰ÃTI@DUXLÆ 
T­UWBNBTN­OVQ­HBDDIBZBUPSBUOBCIVKPWBZBN]]]]

L@U@LL@MTIU@HOHMYT,ÃLTkHUÖLLÆ
N­©W­NBN­OVKB©W­QJOJ°VNCIBNVSVWJLSBNBN]

ÃI3UB®K@O@HØQ‰Ã4S@HRU$XS 
CIBKBUWB©DB¸DBM­Q­µHJSBUOBCIÄU­TJWBJZBUBÁ]]]]

OQL$sX1LSTKe@/2XRDL3OHQG@SÆ
QBSBNBJ°WBSZBNBUVMB©QS­QTZBTFNBUQBSJHSBI­U]

S·«µ@RL@K@D"XL3OHQGS@pI 
FUBECVEEIZ­TBN­MPDZBNBUQBSJHSBIBU­©WSBKB]]]]

;HkU@B 
®¹JSVW­DB]]]]

Å3XTÄ@R@SC@CDU(F,Ã(Q@-SH2LS@IF@$
JUZVLU­T­UBE­EFW²HBNCI²S­OUBÁTNJU­KBHBV]

¯F@1ÃFUS(ø@XXDCW@X1SDIFSÆ 
EVSH­CIBHBWBU²CIBES­ZBZFEB©EI­SZBUFKBHBU]]]]
%FW².­I­UNZBNPage 77 of 150

CD5XTU@B 
EFWZVW­DB]]]]

R3XLTÄ3UX@M@`HL6X@HJHB_UX@DHCSLÆ
TBUZBNVLUB©UWBZ­O­USBNJUIZ­LJ¸DJUUWBZPEJUBN]

`$K@D*X@HWOHSYT,Ã@DHMYT,Ão@HOS@}Y 
USBJMPLZ­EIJQBUJÁ°VNCIPOJ°VNCIB°D­QJU­E®°BÁ]]]]

HJ3U`X3eHS\@SHL6X@SH3ÖXSDJVLÆ
LJ©UWBUSBZBUQSBUJK¸­UB©NJUIZ­UBULSJZBUFLBUIBN]

r4XS@L+OATHµ3U@3eHS\@X@J•S@OTQ@ 
°SÄZBU­NBMQBCVEEIJUW­UQSBUJK¸­Z­L®U­QVS­]]]]

X@DL@IXHSR@LDX@DLDCO’5XO@DGHS
ZPN­©KBZBUJTBµHS­NFZPNFEBSQB©WZBQPIBUJ]

X@DLDeHSAK@DK@DJDRLDÃS@1ÃHUXHS 
ZPNFQSBUJCBMPMPLFTBNFCIBSU­CIBWJ¹ZBUJ]]]]

SC@F"#STYT,Ã@D`HMYT,Ã@DU@LG@AK
UBE­HBDDIBUV°VNCIPUSBOJ°VNCIPW­NBI­CBMBÁ]

L@HI3U@HJHBQD:@`O@H:F¦@STLDKÇT 
N­©KJUW­LJ©DJSF´­USBQ­´J©H®I´­UVNFMBHIV]]]]
%FW².­I­UNZBNPage 78 of 150

±SU@B 
EÄUBVW­DB]]]]

UHKÏ@HRL$U3UCDHUg4HGLL@S
BWBMJQU­TJNBJWB©UWB©EFWJCSÄIJNBN­HSBUBÁ]

`$K@D*XDJOTL@H2StDCDYT,ÃHMYT,ÃX@D 
USBJMPLZFLBÁQVN­©TUJ¹¾IFEBHSF°VNCIBOJ°VNCIBZPÁ]]]]

-XD@LHOC$3X@M@RUD1CDU@MU$XTHW
BOZF¹­NBQJEBJUZ­O­©TBSWFEFW­OBWBJZVEIJ]

HStH-SR,LTNDCDHUHJOTMv(3ULDHJJ@ 
UJ¹¾IBOUJTBNNVLIFEFWJLJ©QVOBÁTUS²UWBNFLJL­]]]]

Å-¸@
@RJK@CDU@2S2VTXD1@MRXTFD
JOES­EZ­ÁTBLBM­EFW­TUBTUIVSZF¹­©OBTB©ZVHF]

YT,Ã@C(M@JVSD@v(eX@2XHRR,LTNLÆ 
°VNCI­E²O­©LBUIB©UF¹­©TUS²QSBZ­TZBTJTBNNVLIBN]]]]

R@3UF"#LX$U@DÄ@O@s’YT,ÃHMYT,ÃX@D
T­UWB©HBDDIBNBZBJWPLU­Q­S°WB©°VNCIBOJ°VNCIBZPÁ]

JDY@J1:HMW41SF@$QU@L@FHLXHR 
LF°­LBS¹B´BOJSEIÄUBHBVSBW­N­HBNJ¹ZBTJ]]]]
%FW².­I­UNZBNPage 79 of 150

CD5XTU@B 
EFWZVW­DB]]]]

ULDSCAK(YT,Ã@DHMYT,Ão@HOS@}Y
FWBNFUBECBM²°VNCIPOJ°VNCIB°D­QJU­E®°BÁ]

HJJQ@DHLeHS\@LDXCM@K@DHBS@OTQ@ 
LJ©LBSPNJQSBUJK¸­NFZBEBO­MPDJU­QVS­]]]]

R3UF"#LX@DÄSDXCDS3RU1L@}S
TBUWB©HBDDIBNBZPLUB©UFZBEFUBUTBSWBN­E®UBÁ]

SC@ByU@RTQD-¸@XRBXTÄJQ@DSTXSÆ 
UBE­DBL¹W­TVSFOES­ZBTBDBZVLUB©LBSPUVZBU]]]]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDCD5X@±SRU@C@DM@L
EFW²N­I­UNZFEFWZ­EÄUBTB©W­EPO­NB

O®L@D7X@X 
QB¸DBNPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 80 of 150

t@D7X@X
¹B¹¾IPEIZ­ZBÁ

?;HkU@B 
PN®¹JSVW­DB]]]]

Å3X@JZX1UB@DCD5X@R±S@DL1O4HQS
JUZ­LBS´ZBWBDPEFWZ­ÁTBEÄUPNBS¹BQÄSJUBÁ]

RL@BuRL@F,XC$3XQ@I@XHU2SQ@SÆ 
TBN­DB¹¾BTBN­HBNZBEBJUZBS­K­ZBWJTUBS­U]]]]

S2X±S2XSb@*XL@JZX@1RTQQ@PSS
UBTZBEÄUBTZBUBEW­LZBN­LBS´Z­TVSBS­¾UBUBÁ]

RÖ@DWe@GC$3X@M@LHWOW4lK@DBMLÆ 
TBLSPEIBÁQS­IBEBJUZ­O­NBEIJQB©EIÄNSBMPDBOBN]]]]

GDW4lK@DBM@YT3U2UR$-XOHQU@HQS
IFEIÄNSBMPDBO­°VUWB©TWBTBJOZBQBSJW­SJUBÁ]

S@L@MXAK@´«u@JDY@J1:HUÒK@LÆ 
U­N­OBZBCBM­EEV¹¾­©LF°­LBS¹B´BWJIWBM­N]]]]
%FW².­I­UNZBNPage 81 of 150

S3OHQ`@:CJHo
HCU@DH^tSDOQ
UBUQBSJUS­´BEBÁLB°DJEZBEJWPUUJ¹¾IBUFQBSBÁ]

RG-S5X@DLQ@DU@HOX<@DF-WU1UU@ 
TBIBOUBWZPNBSPW­QJZBL¹PHBOEIBSWBFWBW­]]]]

;HkU@B 
®¹JSVW­DB]]]]

SDM@\Ï2SSY(ŽRC$3X@DW4lK@DBM
UFO­K¸BQUBTUBUBÁ°²HISB©TBEBJUZPEIÄNSBMPDBOBÁ]

USu@RGw@:@LRTQ@:@¸«SXX@$ 
W®UBÁ¹B¹¾Z­TBIBTS­´­NBTVS­´­©ESVUB©ZBZBV]]]]

R}PU@S@SS@DCDU(ŸSTHGM@BKRH2VS@LÆ
TBE®¹¾W­U­©UBUPEFW²©UVIJO­DBMBTB©TUIJU­N]

IF@C@D×$eX@G(HSL4KYT,ÃHMYT,ÃX@D 
KBH­EPDDBJÁQSBZ­I²UJNÄMB©°VNCIBOJ°VNCIBZPÁ]]]]

MBD3e(3X@
ÃUS(LaS@1QLTO$XHS
OBDFUQS²UZ­EZBCIBWBU²NBECIBSU­SBNVQBJ¹ZBUJ]

SS@DAK@ºX@,XDJDY@J1:HUÒK@LÆ 
UBUPCBM­OOBZ­NZF¹BLF°­LBS¹B´BWJIWBM­N]]]]
%FW².­I­UNZBNPage 82 of 150

CD5XTU@B 
EFWZVW­DB]]]]

C$3XDsQD:eHGS@DAKU@-AKRUS
EBJUZF°WBSF´BQSBIJUPCBMBW­OCBMBTB©W®UBÁ]

AK@ºXHRL@LDUSSHJSDJQ@D,XGLÆ 
CBM­OOBZBTJN­NFWB©UBUBÁLJ©UFLBSPNZBIBN]]]]

;HkU@B 
®¹JSVW­DB]]]]

Å3XTÄR@D>XW@U^@LRTQ@DW4lK@DBM
JUZVLUBÁTPCIZBEI­WBUU­NBTVSPEIÄNSBMPDBOBÁ]

¤J@QD:$USÃ2LR@BJ@Q@H,AJ@SC@ 
IVµL­SF´BJWBUB©CIBTNBT­DBL­S­NCJL­UBE­]]]]

V֗µLG@R$-XLRTQ@:@SV@H,AJ@
BUIBLSVEEIB©NBI­TBJOZBNBTVS­´­©UBUI­NCJL­]

UU1R@XJ$2S(y:$2SV@YHÄOQsW$ 
WBWBS¹BT­ZBLBJTU²L¹´BJTUBUI­°BLUJQBSB°WBEIBJÁ]]]]

SS@DWTSRPJ@DO@3J•3U@M@CRTÃ$QULÆ
UBUPEIVUBTB¾BÁLPQ­UL®UW­O­EB©TVCIBJSBWBN]

OO@S@RTQRDM@X@HRG@DCD5X@2UU@GM 
QBQ­U­TVSBTFO­Z­©TJ©IPEFWZ­ÁTWBW­IBOBÁ]]]]
%FW².­I­UNZBNPage 83 of 150

J@Ho3JQeG@QD:C$3X@M@2XDMB@OQ@MÆ
L­©°DJULBSBQSBI­SF´BEBJUZ­O­TZFOBD­QBS­O]

@Ö@-3X@B@WQD:@-X@MÆIÇ@MRLG@RTQ@MÆ 
­LS­OUZ­D­EIBSF´­OZ­OKBHI­OBTBNBI­TVS­O]]]]

JD@HB3O@PX@L@RMN$J@Dt@HMJDRQ(
LF¹­¸DJUQ­¾BZ­N­TBOBLIBJÁLP¹¾I­OJLFTBS²]

SV@SKeG@QD:HYQ@HRJ•SU@-OVJ 
UBUI­UBMBQSBI­SF´B°JS­©TJL®UBW­OQ®UIBL]]]]

HUH"#ºA@¤HYQRJ•S@2SDMSV@OQD
WJDDIJOOBC­IV°JSBTBÁL®U­TUFOBUBUI­QBSF]

OO@$BkHWQJ@Dt@C-XD@WTSJDRQ 
QBQBVDBSVEIJSB©LP¹¾I­EBOZF¹­©EIVUBLFTBSBÁ]]]]

<:DMS·KRU’<XM(SLG@3LM@
L¹B´FOBUBECBMB©TBSWB©L¹BZB©O²UB©NBI­UNBO­]

SDMJDRHQ:@CD5X@U@GMDM@HSJ@DHOM@ 
UFOBLFTBSJ´­EFWZ­W­IBOFO­UJLPQJO­]]]]

rT3U@SLRTQCD5X@HMGSW4lK@DBMLÆ
°SVUW­UBNBTVSB©EFWZ­OJIBUB©EIÄNSBMPDBOBN]

AKB<HXSJ•3xCDU(JDRHQ:@SS 
CBMB©DBL¹BZJUB©L®UTOB©EFW²LFTBSJ´­UBUBÁ]]]]
%FW².­I­UNZBNPage 84 of 150

BTJ@DOC$3X@HWOHSYT,Ãe2 —HQS@WQ
DVLPQBEBJUZ­EIJQBUJÁ°VNCIBÁQSBTQIVSJU­EIBSBÁ]

@\@OX@L@RBS@$BZELTZE@$LG@RTQ@$ 
­K¸­QBZ­N­TBDBUBVDB´ºBNV´ºBVNBI­TVSBV]]]]

GDBZEGDLTZEAK$A1¤HÃOHQU@HQS@$
IFDB´ºBIFNV´ºBCBMBJSCBIVCIJÁQBSJW­SJUBV]

S`F"#SF3U@BR@RL@M(XS@KÇT 
UBUSBHBDDIBUBHBUW­DBT­TBN­O²ZBU­©MBHIV]]]]

JDYDU@J•XAC7U@U@XHCURYX@DXTHW
LF°F¹W­L®¹ZBCBEEIW­W­ZBEJWBÁTB©°BZPZVEIJ]

SC@YD@XTW$RU$1QRTQ$HU1HMG-XS@LÆ 
UBE­°F¹­ZVEIBJÁTBSWBJSBTVSBJSWJOJIBOZBU­N]]]]

S2X@GS@X@¯u@X@HRGDBHUHMO@HSSD
UBTZ­©IBU­Z­©EV¹¾­Z­©TJ©IFDBWJOJQ­UJUF]

Y(ŽL@F,XS@AC7U@FG(3U@S@LV@H,AJ@LÆ 
°²HISBN­HBNZBU­©CBEEIW­H®I²UW­U­NBUI­NCJL­N]]]]
%FW².­I­UNZBNPage 85 of 150

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDYT,ÃHMYT,ÃRDM@M(W4lK@DBMUW@D
EFW²N­I­UNZF°VNCIBOJ°VNCIBTFO­O²EIÄNSBMPDBOBWBEIP

M@Lt@D7X@X 
O­NB¹B¹¾IPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 86 of 150

RÏL@D7X@X
TBQUBNPEIZ­ZBÁ

?;HkU@B 
PN®¹JSVW­DB]]]]

@\Ï@2SDSS@DC$3X@oZELTZEOTQ@DFL@
­K¸BQU­TUFUBUPEBJUZ­°DB´ºBNV´ºBQVSPHBN­Á]

BSTQØAK@DODS@XXTQ>XT
S@XTW@ 
DBUVSBµHBCBMPQFU­ZBZVSBCIZVEZBU­ZVEI­Á]]]]

C}YT2SDSS@DCDU(L(µ@R@5XUH2VS@LÆ
EBE®°VTUFUBUPEFW²N²¹BEEI­T­©WZBWBTUIJU­N]

HRG2X@DOHQY$KD-¸YØDLGHSJ@®MD 
TJ©IBTZPQBSJ°BJMFOESB°®µHFNBIBUJL­¸DBOF]]]]

SD}PU@S@RL@C@STLT
LB֗k
S@
UFE®¹¾W­U­©TBN­E­UVNVEZBNB©DBLSVSVEZBU­Á]

@J•uB@O@HRWQ@2SV@-XDS3RL(OF@ 
­L®¹¾BD­Q­TJEIBS­TUBUI­OZFUBUTBN²QBH­Á]]]]
%FW².­I­UNZBNPage 87 of 150

SSJ@DOBJ@Q@D×$QH,AJ@S@MQ(-eHS
UBUBÁLPQB©DBL­SPDDBJSBNCJL­U­OBS²OQSBUJ]

J@DODMB@2X@UCML(U:1LÃ4^C@ 
LPQFOBD­TZ­WBEBOB©NB¹²WBS´BNBCIÄUUBE­]]]]

TJ—P(J—HPK@^2X@KK@P KJ@´«SLÆ

CISVLV¾²LV¾JM­UUBTZ­MBM­¾BQIBMBL­EESVUBN]

J@K(JQ@KUCM@HUHMÖ@-S@HRO@HYM( 
L­M²LBS­MBWBEBO­WJOJ¹LS­OU­TJQ­°JO²]]]]

HUHB`NPU@ØWQ@MQL@K@HUÃ4:@
WJDJUSBLIB¾W­µHBEIBS­OBSBN­M­WJCIĹB´­]

b(HOBL1OQ(W@M@YTJL@R@HSÃ$QU@ 
EW²QJDBSNBQBS²EI­O­°V¹LBN­©T­UJCIBJSBW­]]]]

HSHU2S@QUCM@HIÒ@KKMÃ(:@
BUJWJTU­SBWBEBO­KJIW­MBMBOBCI²¹B´­]

HMLƒ@QÄMXM@M@C@O4HQSHCLTN@ 
OJNBHO­SBLUBOBZBO­O­E­QÄSJUBEJµNVLI­]]]]

R@UDFDM@HÃOHSS@Ç@SX-S(LG@RTQ@MÆ
T­WFHFO­CIJQBUJU­HI­UBZBOU²NBI­TVS­O]

R$-XDS`RTQ@Q(:@LÃ<XSS·KLÆ 
TBJOZFUBUSBTVS­S²´­NBCIBL¹BZBUBUBECBMBN]]]]
%FW².­I­UNZBNPage 88 of 150

O@H:1@G@–«Y@GX@DWÇZP@RLH-US@MÆ
Q­S¹´JHS­I­µLV°BHS­IBZPEIBHIB´¾­TBNBOWJU­O]

RL@C@X$JG2SDMLTNDHB<DOU@Q:@MÆ 
TBN­E­ZBJLBIBTUFOBNVLIFDJL¹FQBW­SB´­O]]]]

SV$UX@DWSTQF$QVR@QHVM@RG
UBUIBJWBZPEIB©UVSBHBJSBUIB©T­SBUIJO­TBIB]

HMH</XU‹DCYM$oU1X-3XHSÃ$QULÆ 
OJL¹JQZBWBLUSFEB°BOBJ°DBSWBZBOUZBUJCIBJSBWBN]]]]

JI@GJDYDT(U@X@LVB@OQLÆ
FLB©KBHS­IBLF°F¹VHS²W­Z­NBUIBD­QBSBN]

O@CDM@Ö,XB$U@-XLTQR@-XLO@DVXSÆ 
Q­EFO­LSBNZBDBJW­OZBNVSBT­OZBNBQPUIBZBU]]]]

S$LT1Ä@HMBYv@H:LG@v@H:SV@RTQ$
UBJSNVLU­OJDB°BTUS­´JNBI­TUS­´JUBUI­TVSBJÁ]

LTNDMI@Gk@CYM$L1HVS@-XHO 
NVLIFOBKBHS­IBSV¹­EB°BOBJSNBUIJU­OZBQJ]]]]

AHKM@S·KRU1LRTQ@:@¯Q@3LM@LÆ
CBMJO­©UBECBMB©TBSWBNBTVS­´­©EVS­UNBO­N]

LLC@1Ã<X×@-X@M-X@o@S@EX^C@ 
NBNBSE­CIBL¹BZBDD­OZ­OBOZ­©°D­U­ºBZBUUBE­]]]]
%FW².­I­UNZBNPage 89 of 150

HRM@HMGS@JDHB3JDHB3NPU@ØS@HES@
BTJO­OJIBU­ÁLFDJULFDJULIB¾W­µHBU­ºJU­Á]

I&LTHU1M@YLRTQ@C-S@@HÃGS@2SV@ 
KBHNVSWJO­°BNBTVS­EBOU­HS­CIJIBU­TUBUI­]]]]

<:DMS·KRU1LRTQ@:@HMO@HSSLÆ
L¹B´FOBUBECBMB©TBSWBNBTVS­´­©OJQ­UJUBN]

}PU@BZE@DHï¸@US@J@K(LHSÃ(:@LÆ 
E®¹¾W­DB´ºPCIJEVES­WBU­©L­M²NBUJCI²¹B´­N]]]]

YQU$1L1G@Ã(L$Ã(1L@<(ŸS@LG@RTQ
°BSBWBS¹BJSNBI­CI²NBJSCI²N­L¹²©U­©NBI­TVSBÁ]

#@CX@L@RBÖ$oLTZEH<Ï$RGwY 
DI­EBZ­N­TBDBLSBJ°DBNV´ºBÁL¹JQUBJÁTBIBTSB°BÁ]]]]

S@HMBÖ@ZXMDJ@HMHUYL@M@HMS-LTNLÆ
U­OJDBLS­´ZBOFL­OJWJ°BN­O­OJUBONVLIBN]

AÃTX1V@J1HA,A@HMRTAHMÇM@DCQLÆ 
CBCIVSZBUI­SLBCJNC­OJTVCBIÄOJHIBOPEBSBN]]]]

SS@DIG@R@HSk@Ã(LÃ$QUM@HCM(
UBUPKBI­T­UJSV¹­CI²NB©CIBJSBWBO­EJO²]

J@K(JQ@KUCM@¯C1Y1CYM@D))UK@ 
L­M²LBS­MBWBEBO­EVSEBS°BEB°BOPKKWBM­]]]]
%FW².­I­UNZBNPage 90 of 150

3V@XBLG@HRGCDU(BZELW@US
VUUI­ZBDBNBI­TJ©IB©EFW²DB´ºBNBEI­WBUB]

FG(3U@B@2XJDYDTHYQ2SDM@HRM@H"#MSÆ 
H®I²UW­D­TZBLF°F¹V°JSBTUFO­TJO­DDIJOBU]]]]

VLTZE@D>XW@U^@}PU@BZEHMO@HSSLÆ
BUIBNV´ºPCIZBEI­WBUU­©E®¹¾W­DB´ºB©OJQ­UJUBN]

SL/XO@SXa”L@$R@NEF@HÃGSk@ 
UBNBQZBQ­UBZBECIÄNBVT­LIBºH­CIJIBUB©SV¹­]]]]

GSYDSSR$-X}PU@BZEHMO@HSSLÆ
IBUB°F¹B©UBUBÁTBJOZB©E®¹¾W­DB´ºB©OJQ­UJUBN]

LTZEBRTLG@U(X’HCY@DÃDIDÃX@STQLÆ 
NV´ºB©DBTVNBI­W²SZB©EJ°PCIFKFCIBZ­UVSBN]]]]

HYQoZE2XJ@K(BFG(3U@LTZELDUB
°JSB°DB´ºBTZBL­M²DBH®I²UW­NV´ºBNFWBDB]

e@GeBZE@¡G@RHLrL>XD3XBHZEJ@LÆ 
QS­IBQSBDB´º­¾¾BI­TBNJ°SBNBCIZFUZBDB´ºJL­N]]]]

LX@SU@`@DOzS@$BZELTZE@$LG@OY4
NBZ­UBW­USPQBI®UBVDB´ºBNV´ºBVNBI­QB°Ä]

XTµX\D2UXYT,ÃHMYT,ÃBGHMXHR 
ZVEEIBZBK¸FTWBZB©°VNCIB©OJ°VNCIB©DBIBOJ¹ZBTJ]]]]
%FW².­I­UNZBNPage 91 of 150

;HkU@B 
®¹JSVW­DB]]]]

S@U@M(S@$SS@D}PU@BZELTZE@$LG@RTQ@$
U­W­O²UBVUBUPE®¹¾W­DB´ºBNV´ºBVNBI­TVSBV]

U@BJ@K(ŸJ+X@:(KHKSBHZEJ@UB 
VW­DBL­M²©LBMZ­´²MBMJUB©DB´ºJL­WBDBÁ]]]]

X2L@×ZEBLTZEBFG(3U@3ULTO@FS@
ZBTN­DDB´ºB©DBNV´ºB©DBH®I²UW­UWBNVQ­HBU­]

B@LTZEDHSSS@DK@DJD.X@S@CDU(ÃHUXHR 
D­NV´ºFUJUBUPMPLFLIZ­U­EFW²CIBWJ¹ZBTJ]]]]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDBZELTZEUW@DM@L
EFW²N­I­UNZFDB´ºBNV´ºBWBEIPO­NB

RÏL@D7X@X 
TBQUBNPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 92 of 150

uL@D7X@X
B¹¾BNPEIZ­ZBÁ

?;HkU@B 
PN®¹JSVW­DB]]]]

BZEDBHMGSDC$3XDLTZEDBHUHMO@HSSD
DB´ºFDBOJIBUFEBJUZFNV´ºFDBWJOJQ­UJUF]

A¤KDTBR$-XDT<HXSDURTQDsQ 
CBIVMF¹VDBTBJOZF¹VL¹BZJUF¹WBTVSF°WBSBÁ]]]]

SSJ@DOOQ@W(MBDS@YT,ÃeS@OU@MÆ
UBUBÁLPQBQBS­EI²OBDFU­Á°VNCIBÁQSBU­QBW­O]


@DFRU1R$-X@M@C$3X@M@L@HCCDYG 
VEZPHB©TBSWBTBJOZ­O­©EBJUZ­O­N­EJEF°BIB]]]]

RU1AK$C$13X@EY(HSkC@XTW@
BEZBTBSWBCBMBJSEBJUZ­Á¹BºB°²UJSVE­ZVEI­Á]

J,A4M@BSTQY(HSHM1X@1-ST2UAK$U1S@ 
LBNCÄO­©DBUVSB°²UJSOJSZ­OUVTWBCBMBJSW®U­Á]]]]
%FW².­I­UNZBNPage 93 of 150

J@DHPU(X@1H:O®@YCRTQ@:@J—K@HMU$
LP¾JW²SZ­´JQB¸D­°BEBTVS­´­©LVM­OJWBJ]

YSJ—K@HMW@$l@:@HMF1"#-STLL@\X@ 
°BUB©LVM­OJEIBVNS­´­©OJSHBDDIBOUVNBN­K¸BZ­]]]]

J@KJ@C@$z1C@L@$U@1J@HKJDX@2SV@RTQ@
L­MBL­EBVSI®E­NBVSW­ÁL­MJLFZ­TUBUI­TVS­Á]

XTµ@XRÙ@HMX@1-ST @\X@3UHQS@LL 
ZVEEI­ZBTBKK­OJSZ­OUV­K¸BZ­UWBSJU­NBNB]]]]

Å3X@\@/X@RTQOHSYT,Ã@DÃ$QUY@RM
JUZ­K¸­QZ­TVSBQBUJÁ°VNCIPCIBJSBWB°­TBOBÁ]

HMI1F@LLG@R$-XRGw$A1¤HÃU1S 
OJSKBH­NBNBI­TBJOZBTBIBTSBJSCBIVCIJSW®UBÁ]]]]

@X@-SBHZEJ@}PU@S3R$-XLHSÃ(:LÆ
­Z­OUB©DB´ºJL­E®¹¾W­UBUTBJOZBNBUJCI²¹B´BN]

)X@2UM$O4QX@L@RWQ:(FFM@-SQLÆ 
KZ­TWBOBJÁQÄSBZ­N­TBEIBSB´²HBHBO­OUBSBN]]]]

SSHRG@DLG@M@CLS(UJ•SU@ºO
UBUBÁTJ©IPNBI­O­EBNBU²WBL®UBW­OO®QB]

ÇZP@2UMDMS@º@C@MH,AJ@B@DOAGXSÆ 
HIB´¾­TWBOFOBU­OO­E­OBNCJL­DPQBC®©IBZBU]]]]
%FW².­I­UNZBNPage 94 of 150

WMT)X@1HRGÇZP@M@M@C@O4HQSHCLTN@
EIBOVSKZ­TJ©IBHIB´¾­O­©O­E­QÄSJUBEJµNVLI­]

HMM@C$Ã(1:$J@K(HI&XDHU2S@HQS@MM@ 
OJO­EBJSCI²¹B´BJÁL­M²KJHZFWJTU­SJU­OBO­]]]]

SHMM@CLTOrT3XC$3XR$-X$oSTHC1YLÆ
UB©OJO­EBNVQB°SVUZBEBJUZBTBJOZBJ°DBUVSEJ°BN]

CDU(HRG2SV@J@K(RQ@D$OHQU@HQS@ 
EFW²TJ©IBTUBUI­L­M²TBSP¹BJÁQBSJW­SJU­Á]]]]

SH2Lº-SQDÃ4OHUM@Y@XRTQHb@LÆ
FUBTNJOOBOUBSFCIÄQBWJO­°­ZBTVSBEWJ¹­N]

ÃU@X@LQHRG@M@LHSU(X1AK@H-US@ 
CIBW­Z­NBSBTJ©I­O­NBUJW²SZBCBM­OWJU­Á]]]]

g|DYFTGHU:4M@SVD-¸2XBYÄX
CSBINF°BHVIBWJ¹´ÄO­©UBUIFOESBTZBDB°BLUBZBÁ]

YQ(QD>X@DHUHMÖ,XS¸”O$oHZEJ@XXT 
°BS²SFCIZPWJOJ¹LSBNZBUBESÄQBJ°DB´ºJL­©ZBZVÁ]]]]

X2XCDU2XX¸”OXV@Ã4:U@GMLÆ
ZBTZBEFWBTZBZBESÄQB©ZBUI­CIĹB´BW­IBOBN]

SbCDUHGS"#HÄQRTQ@-X@Dµ«L@XX@$ 
UBEWBEFWBIJUBDDIBLUJSBTVS­OZPEEIVN­ZBZBV]]]]
%FW².­I­UNZBNPage 95 of 150

GRXTÄHUL@M@DR@<R4`JLZEKT
IB©TBZVLUBWJN­O­HSFT­L¹BTÄUSBLBNB´ºBMVÁ]

@X@S@g|:YHÄg1|@:(3XHÃW(XSD 
­Z­U­CSBINB´BÁ°BLUJSCSBIN­´²UZBCIJEI²ZBUF]]]]

L@GDsQ(U@m%@H`Y4KUQW@HQ:(
N­IF°WBS²W®¹­SĺI­USJ°ÄMBWBSBEI­SJ´²]

LG@HGUKX@e@Ï@B-¸QDN@HUÃ4:@ 
NBI­IJWBMBZ­QS­QU­DBOESBSFLI­WJCIĹB´­]]]]

J@$L@Q(YHÄG2S@BLX4QUQU@GM@
LBVN­S²°BLUJIBTU­DBNBZÄSBWBSBW­IBO­]

X@Dµ«L>X@XX@$C$3X@MH,AJ@FTGmHO:( 
ZPEEIVNBCIZ­ZBZBVEBJUZ­OBNCJL­HVIBSÄQJ´²]]]]

SV$UU$:U(YHÄF1kE@DOHQRH2VS@
UBUIBJWBWBJ¹´BW²°BLUJSHBSVºPQBSJTB©TUIJU­]

YœBÖFC@Y@Ø1NEFG2S@>XTO@XX@$ 
°BµLIBDBLSBHBE­°­SµHBLIBºHBIBTU­CIZVQ­ZBZBV]]]]

X\U@Q@GLSTKmOX@HAS@DGQD
ZBK¸BW­S­IBNBUVMB©SÄQB©Z­CJCISBUPIBSFÁ]

YHÄR@/X@XX@$S`U@Q@G(ŸHAS(SMTLÆ 
°BLUJÁT­QZ­ZBZBVUBUSBW­S­I²©CJCISBU²UBOVN]]]]
%FW².­I­UNZBNPage 96 of 150

M@QHRG(MHRG2XHAS(R}YUOT
O­SBTJ©I²O®TJ©IBTZBCJCISBU²TBE®°B©WBQVÁ]

e@Ï@S`RP@<DOH<ÏM<`RGHS 
QS­QU­UBUSBTB¾­L¹FQBL¹JQUBOBL¹BUSBTB©IBUJÁ]]]]

U‘G2S@SV$U$-¸(FIQ@I@DOHQH2VS@
WBKSBIBTU­UBUIBJWBJOES²HBKBS­KPQBSJTUIJU­]

e@Ï@RGwMXM@XV@YÖ2SV$UR@ 
QS­QU­TBIBTSBOBZBO­ZBUI­°BLSBTUBUIBJWBT­]]]]

SSOHQUS2S@HÃQ(Y@M@DCDUYHÄHÃ
UBUBÁQBSJW®UBTU­CIJS²°­OPEFWB°BLUJCIJÁ]

G-X-S@LRTQ@Y(ŽLLe(3X@GBHZEJ@LÆ 
IBOZBOU­NBTVS­Á°²HISB©NBNBQS²UZ­IBDB´ºJL­N]]]]

SS@DCDU(YQ(Q@^THUHMÖ@-S@HSÃ(:@
UBUPEFW²°BS²S­UUVWJOJ¹LS­OU­UJCI²¹B´­]

BHZEJ@YHÄQ3XT@HYU@YSHMM@HCM( 
DB´ºJL­°BLUJSBUZVHS­°JW­°BUBOJO­EJO²]]]]

R@B@GW4lIHPKL(Y@MLOQ@HIS@
T­D­IBEIÄNSBKB¾JMBN²°­OBNBQBS­KJU­]

±S3UF"#ÃFUMÆO@s’YT,ÃHMYT,ÃX@D 
EÄUBUWB©HBDDIBCIBHBWBOQ­S°WB©°VNCIBOJ°VNCIBZPÁ]]]]
%FW².­I­UNZBNPage 97 of 150

g4HGYT,ÃHMYT,ÃBC@MU@UHSFHU1S@$
CSÄIJ°VNCIB©OJ°VNCIB©DBE­OBW­WBUJHBSWJUBV]

XDB@-XDC@MU@2S`XTµ@XRLTOH2VS@ 
ZFD­OZFE­OBW­TUBUSBZVEEI­ZBTBNVQBTUIJU­Á]]]]

`$K@D*XHL-¸@DKÃS@CDU@R-STGHUÃT1I
USBJMPLZBNJOESPMBCIBU­©EFW­ÁTBOUVIBWJSCIVKBÁ]

X4XeX@SO@S@KXHCI(HUSTHL"#V 
ZÄZB©QSBZ­UBQ­U­MB©ZBEJK²WJUVNJDDIBUIB]]]]

AK@UKDO@CVBDaU-S@DXTµJ@H<:
CBM­WBMFQ­EBUIBDFECIBWBOUPZVEEIBL­µL¹J´BÁ]

SC@F"#SS/X-STLH"#U@HOHYSDMU 
UBE­HBDDIBUBU®QZBOUVNBDDIJW­ÁQJ°JUFOBWBÁ]]]]

XS@DHMXTÄ@DC@$3XDMSX@CD5X@HYU2UXLÆ
ZBUPOJZVLUPEBVUZFOBUBZ­EFWZ­°JWBÁTWBZBN]

HYU±S(HSK@DJDH2L2SSR@.X@HSL@FS@ 
°JWBEÄU²UJMPLFTNJ©TUBUBÁT­LIZ­UJN­HBU­]]]]

SDHOrT3U@UB@DCD5X@YU@1.X@SLG@RTQ@
UFQJ°SVUW­WBDPEFWZ­Á°BSW­LIZ­UB©NBI­TVS­Á]

L@1O4HQS@I&LTX1`J@3X@XM(H2VS@ 
BNBS¹­QÄSJU­KBHNVSZBUSBL­UZ­ZBO²TUIJU­]]]]
%FW².­I­UNZBNPage 98 of 150

SSeVLLDU@DYQY…XHuUHuHÃ
UBUBÁQSBUIBNBNFW­HSF°BSB°BLUZ®¹¾JW®¹¾JCIJÁ]

UUT1kµS@L@12S@CDU(LLQ@QX 
WBWBS¹VSVEEIBU­NBS¹­TU­©EFW²NBNBS­SBZBÁ]]]]

R@BS@MÆeHGS@MÆA@:@°#4KYHÄOQsW@MÆ
T­DBU­OQSBIJU­OC­´­¸DIÄMB°BLUJQBSB°WBEI­O]

HB"#DCK(KX@7L@SWMTLT1Ä$L1GDTHÃ 
DJDDIFEBM²MBZ­EIN­UBEIBOVSNVLUBJSNBIF¹VCIJÁ]]]]

S2X@S2SV@J@K(Y4KO@SHUC@HQS@MÆ
UBTZ­HSBUBTUBUI­L­M²°ÄMBQ­UBWJE­SJU­O]

NPU@ØO@DHVS@o@Q(-J—U1S(5XBQ^C@ 
LIB¾W­µHBQPUIJU­©°D­S²OLVSWBU²WZBDBSBUUBE­]]]]

JLZEKTIK@<DOGSU(X@1MÆGS@$IR
LBNB´ºBMVKBM­L¹FQBIBUBW²SZ­OIBUBVKBTBÁ]

g|@:(B@JQ@D"#`4-XDMXDM2LW@UHS 
CSBIN­´²D­LBSPDDIBUSÄOZFOBZFOBTNBEI­WBUJ]]]]

L@GDsQ(H`Y4KDMSV@BÖD:U$:U(
N­IF°WBS²USJ°ÄMFOBUBUI­DBLSF´BWBJ¹´BW²]

C$3X@šÇ@MJ@$L@Q(SV@Y…X@HSJ@DOM@ 
EBJUZ­¸KBHI­OBLBVN­S²UBUI­°BLUZ­UJLPQBO­]]]]
%FW².­I­UNZBNPage 99 of 150

D-¸(J—HKYO@SDMYSY@DC$3XC@MU@
BJOES²LVMJ°BQ­UFOB°BUB°PEBJUZBE­OBW­Á]

ODSTHU1C@HQS@O65X@kHWQ@$ÇeUH1: 
QFUVSWJE­SJU­ÁQ®UIWZ­©SVEIJSBVHIBQSBWBS¹J´BÁ]]]]

STZEeG@QHU7U2S@Cu@<SU<R
UV´ºBQSBI­SBWJEIWBTU­EB©¹¾S­HSBL¹BUBWBL¹BTBÁ]

U@Q@GL43X@1-XOSoÖD:BHUC@HQS@ 
W­S­IBNÄSUZ­OZBQBUB©°DBLSF´BDBWJE­SJU­Á]]]]

MN$HU1C@HQS@o@-X@MÆÃ<X-S(LG@RTQ@MÆ
OBLIBJSWJE­SJU­©°D­OZ­OCIBL¹BZBOU²NBI­TVS­O]

M@QHRG(BB@Q@I@$M@C@O4:1HCF,AQ@ 
O­SBTJ©I²DBD­S­KBVO­E­QÄS´BEJHBNCBS­]]]]

BZE@¡G@R$QRTQ@HYU±3XHñHS@
DB´º­¾¾BI­TBJSBTVS­Á°JWBEÄUZBCIJEĹJU­Á]

ODSTOHV5X@OHSS@2S@oN@C@VR@SC@ 
QFUVÁQ®UIJWZ­©QBUJU­©TU­©°DBLI­E­UIBT­UBE­]]]]

ÅHSL@SF:֗µLC1X-SLG@RTQ@MÆ
JUJN­U®HB´B©LSVEEIB©NBSEBZBOUB©NBI­TVS­O]

}PU@>XTO@X$HU1HUW$MD1YTCD1U@HQR$HMJ@ 
E®¹¾W­CIZVQ­ZBJSWJWJEIBJSOF°VSEFW­SJTBJOJL­Á]]]]
%FW².­I­UNZBNPage 100 of 150

OK@XMOQ@-}PU@C$3X@-L@SF:@HC1S@MÆ
QBM­ZBOBQBS­OE®¹¾W­EBJUZ­ON­U®HB´­SEJU­O]

X@Dµ«L>X@XX@$֗µ@DQÄA(I@DLG@RTQ 
ZPEEIVNBCIZ­ZBZBVLSVEEIPSBLUBC²KPNBI­TVSBÁ]]]]

QÄHA-¯X1C@Ã4L@$OS3X2XYQ(QS
SBLUBCJOEVSZBE­CIÄNBVQBUBUZBTZB°BS²SBUBÁ]

RLT3OSHSLDHC-X@S3eL@:@DLG@RTQ 
TBNVUQBUBUJNFEJOZ­©UBUQSBN­´PNBI­TVSBÁ]]]]

XTXTWDRFC@O@H:HQ-¸Y…X@LG@RTQ
ZVZVEIFTBHBE­Q­´JSJOESB°BLUZ­NBI­TVSBÁ]

SSo$-¸(2UU‘D:QÄA(ILS@EXSÆ 
UBUB°DBJOES²TWBWBKSF´BSBLUBC²KBNBU­ºBZBU]]]]

J—HKYDM@GS2X@YTA¤RTw@UY@DH:SLÆ
LVMJ°FO­IBUBTZ­°VCBIVTVTS­WB°P´JUBN]

RLT^2VT2SS@DX@DW@2S¸”O@2S3OQ@ÖL@ 
TBNVUUBTUIVTUBUPZPEI­TUBESÄQ­TUBUQBS­LSBN­Á]]]]

X@U-SOHSS@2S2XYQ(Q@¸ÄHA-CU
Z­WBOUBÁQBUJU­TUBTZB°BS²S­ESBLUBCJOEBWBÁ]

S@U-SOTk@I@S@2Sb(X1AKHUÖL@ 
U­WBOUBÁQVSV¹­K­U­TUBEW²SZBCBMBWJLSBN­Á]]]]
%FW².­I­UNZBNPage 101 of 150

SDB@HOXTXTWT2S`OTk@QÄR,ÃU@
UFD­QJZVZVEIVTUBUSBQVSV¹­SBLUBTBNCIBW­Á]

RLL@SHÃQ3XTYvO@S@HSÃ(:LÆ 
TBNB©N­U®CIJSBUZVHSB°BTUSBQ­U­UJCI²¹B´BN]]]]

OTMoU‘O@SDM<SL2XHYQ@DXC@
QVOB°DBWBKSBQ­UFOBL¹BUBNBTZB°JSPZBE­]

UU@GQÄOTk@2SS@DI@S@RGwY 
WBW­IBSBLUB©QVSV¹­TUBUPK­U­ÁTBIBTSB°BÁ]]]]

U$:U(RLQDB$MBÖD:@HÃIÇ@MG
WBJ¹´BW²TBNBSFDBJOB©DBLSF´­CIJKBHI­OBIB]

FCX@S@EX@L@RD-¸(SLRTQDsQLÆ 
HBEBZ­U­ºBZ­N­TBBJOES²UBNBTVSF°WBSBN]]]]

U$:U(BÖHú2XkHWQw@UR,ÃU$
WBJ¹´BW²DBLSBCIJOOBTZBSVEIJSBTS­WBTBNCIBWBJÁ]

RGwY@DIF‡@ÏS3eL@:$L1G@RTQ$ 
TBIBTSB°PKBHBEWZ­QUB©UBUQSBN­´BJSNBI­TVSBJÁ]]]]

Y…X@IÇ@MJ@$L@Q(U@Q@G(BSV@HRM@
°BLUZ­KBHI­OBLBVN­S²W­S­I²DBUBUI­TJO­]

L@GDsQ(H`Y4KDMQÄA(ILG@RTQLÆ 
N­IF°WBS²USJ°ÄMFOBSBLUBC²KB©NBI­TVSBN]]]]
%FW².­I­UNZBNPage 102 of 150

RB@HOFCX@C$3XRU@1U@GMSÆOVJ
TBD­QJHBEBZ­EBJUZBÁTBSW­FW­IBOBUQ®UIBL]

L@SˆJ@DORL@HUu@DQÄA(I@DLG@RTQ 
N­U±ÁLPQBTBN­WJ¹¾PSBLUBC²KPNBI­TVSBÁ]]]]

S2X@GS2XA¤W@YHÄY4K@HCHÃÃT1HU
UBTZ­IBUBTZBCBIVEI­°BLUJ°ÄM­EJCIJSCIVWJ]

OO@SX@DU$QÄ@$Ç2SDM@R°#SY@DRTQ@ 
QBQ­UBZPWBJSBLUBVHIBTUFO­TB¸DIBUB°PTVS­Á]]]]

S$o@RTQ@R*R,Ã4S$QRTQ$RJKIFSÆ
UBJ°D­TVS­T®LTBNCIÄUBJSBTVSBJÁTBLBMB©KBHBU]

5X@ÏL@R(^S@DCDU@ÃXL@I&LTk^LLÆ 
WZ­QUBN­T²UUBUPEFW­CIBZBN­KBHNVSVUUBNBN]]]]

S@MÆHUZ:@MÆRTQ@MÆ}PU@BHZEJ@e@GR3UQLÆ
U­OWJ¹B´´­OTVS­OE®¹¾W­DB´ºJL­QS­IBTBUWBSBN]

U@BJ@K(ŸB@LTZEDHU2S(:’UCMJ—k 
VW­DBL­M²©D­NV´ºFWJTU²S´B©WBEBOB©LVSV]]]]

L"#vO@SR,Ã4S@MÆQÄHA-±MÆLG@RTQ@MÆ
NBDDIBTUSBQ­UBTBNCIÄU­OSBLUBCJOEÄONBI­TVS­O]

QÄHA-C@DeS("#3UU‹D:@MDMUDHFM@ 
SBLUBCJOEPÁQSBU²DDIBUWB©WBLUSF´­OFOBWFHJO­]]]]
%FW².­I­UNZBNPage 103 of 150

Ã<X-S(BQQ:DS¯3Oº@-LG@RTQ@MÆ
CIBL¹BZBOU²DBSBSB´FUBEVUQBOO­ONBI­TVS­O]

ULD<XC$3X<D:QÄ@DFHLXHS 
FWBNF¹BL¹BZB©EBJUZBÁL¹F´BSBLUPHBNJ¹ZBUJ]]]]

ÃyXL@:@23UX@B@D@MB@D3O32XH-SB@OQD
CIBL¹ZBN­´­TUWBZ­DPHS­OBDPUQBUTZBOUJD­QBSF]

Å3XT…U@S@SS@DCDU(Y4KDM@HÃIÇ@MSLÆ 
JUZVLUW­U­©UBUPEFW²°ÄMFO­CIJKBHI­OBUBN]]]]

LTNDMJ@K(IFGDQÄA(I2XY@DH:SLÆ
NVLIFOBL­M²KBH®IFSBLUBC²KBTZB°P´JUBN]

SS@DR@U@IÇ@M@VFCX@S`BHZEJ@LÆ 
UBUPT­W­KBHI­O­UIBHBEBZ­UBUSBDB´ºJL­N]]]]

MB@2X@UDCM@BÖDFC@O@S@DH+OJ@LHO
OBD­TZ­WFEBO­©DBLSFHBE­Q­UPMQJL­NBQJ]

S2X@GS2XCDG@^TA¤RTw@UY@DH:SLÆ 
UBTZ­IBUBTZBEFI­UUVCBIVTVTS­WB°P´JUBN]]]]

XS2SS2Sb‹D:B@LTZE@R,eS("#HS
ZBUBTUBUBTUBEWBLUSF´BD­NV´º­TBNQSBU²DDIBUJ]

LTNDRLT¶S@XD2X@QÄO@S@-LG@RTQ@ 
NVLIFTBNVEHBU­ZFTZ­SBLUBQ­U­ONBI­TVS­Á]]]]
%FW².­I­UNZBNPage 104 of 150

S@oN@C@VB@LTZE@OO@$S2XBY@DH:SLÆ
U­©°DBLI­E­UIBD­NV´º­QBQBVUBTZBDB°P´JUBN]

CDU(Y4KDMU‘D:A@:$QHRHÃ;1HuHÃ 
EFW²°ÄMFOBWBKSF´BC­´BJSBTJCIJS®¹¾JCIJÁ]]]]

IÇ@MQÄA(ISB@LTZE@O(SY@DH:SLÆ
KBHI­OBSBLUBC²KB©UB©D­NV´º­Q²UB°P´JUBN]

ROO@SLG(OtDYvRÇRL@GS 
TBQBQ­UBNBI²Q®¹¾IF°BTUSBTBµHIBTBN­IBUBÁ]]]]

M(QÄoLG(O@KQÄA(I@DLG@RTQ
O²SBLUB°DBNBI²Q­MBSBLUBC²KPNBI­TVSBÁ]

SS2SDG1LSTKLU@OTHvCY@MO 
UBUBTUFIBS¹BNBUVMBNBW­QVTUSJEB°­O®QB]]]]

SD@L@SF:@DI@S@DMMS@1RLC@DµS 
UF¹­©N­U®HB´PK­UPOBOBSU­T®µNBEPEEIBUBÁ]]]]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDQÄA(IUW@D
EFW²N­I­UNZFSBLUBC²KBWBEIP

M@L@uL@D7X@X 
O­N­¹¾BNPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 105 of 150

MUL@D7X@X
OBWBNPEIZ­ZBÁ

?Q@I@DU@B 
PNS­KPW­DB]]]]

HUHB`HLCL@.X@SÃFUMÆÃUS@LL
WJDJUSBNJEBN­LIZ­UB©CIBHBWBOCIBWBU­NBNB]

CD5X@oHQSL@G@3,XQÄA(IUW@HrSLÆ 
EFWZ­°DBSJUBN­I­UNZB©SBLUBC²KBWBEI­°SJUBN]]]]

Ã4XoD"#@,XGr@DSTQÄA(IDHMO@HSSD
CIÄZB°DFDDI­NZBIB©°SPUV©SBLUBC²KFOJQ­UJUF]

BJ@QYT,Ã@DX3JL1HMYT,Ão@HSJ@DOM 
DBL­SB°VNCIPZBULBSNBOJ°VNCIB°D­UJLPQBOBÁ]]]]
%FW².­I­UNZBNPage 106 of 150

;HkU@B 
®¹JSVW­DB]]]]

BJ@QJ@DOLSTKQÄA(IDHMO@HSSD
DBL­SBLPQBNBUVMB©SBLUBC²KFOJQ­UJUF]

YT,Ã@RTQ@DHMYT,ÃoGSDU-XDTB@GUD 
°VNCI­TVSPOJ°VNCIB°DBIBUF¹WBOZF¹VD­IBWF]]]]

G-XL@MLG@R$-XHUK@D*X@L1LTbGMÆ
IBOZBN­OB©NBI­TBJOZB©WJMPLZ­NBS¹BNVEWBIBO]

>XW@UHºYT,Ã@DVLT.XX@RTQRDMX@ 
BCIZBEI­WBOOJ°VNCIPUIBNVLIZBZ­TVSBTFOBZ­]]]]

S2X@S2SV@OtDO@s1X@DoLG@RTQ@
UBTZ­HSBUBTUBUI­Q®¹¾IFQ­S°WBZP°DBNBI­TVS­Á]

RCu@$tOTP@֗µ@G-STCDU(LTO@XXT 
TBOEB¹¾BV¹¾IBQV¾­ÁLSVEEI­IBOUV©EFW²NVQ­ZBZVÁ]]]]

@IF@LLG@U(X1YT,Ã@DHO2UAK$U1S
­KBH­NBNBI­W²SZBÁ°VNCIPQJTWBCBMBJSW®UBÁ]

HMG-STBHZEJ@J@DO@3J•3U@XTµSTL@SHÃ 
OJIBOUV©DB´ºJL­©LPQ­UL®UW­ZVEEIB©UVN­U®CIJÁ]]]]
%FW².­I­UNZBNPage 107 of 150

SS@DXTµLS(U@R(´D5X@YT,ÃHMYT,ÃX@D
UBUPZVEEIBNBU²W­T²EEFWZ­°VNCIBOJ°VNCIBZPÁ]

YQU1LS(U@DLDÇX@DHQUU1S@D 
°BSBWBS¹BNBU²WPHSB©NFHIBZPSJWBWBS¹BUPÁ]]]]

HB"#DC@2S@°#Q@2S@>X@BHZEJ@2UYQ@D3JQ$
DJDDIFE­TU­¸DIBS­©TU­CIZ­©DB´ºJL­TWB°BSPULBSBJÁ]

S@EX@L@RB@ØDTYv@$Ç$QRTQDsQ@$ 
U­ºBZ­N­TBD­µHF¹V°BTUSBVHIBJSBTVSF°WBSBV]]]]

HMYT,Ã@DHMHYSNEFBL1B@C@XRTeÃLÆ
OJ°VNCIPOJ°JUB©LIBºHB©DBSNBD­E­ZBTVQSBCIBN]

S@EX-L4HÓ1HRGCD5X@U@GMLT^LLÆ 
BU­ºBZBONÄSEIOJTJ©IB©EFWZ­W­IBOBNVUUBNBN]]]]

S@HESDU@GMDCDU(<TQeD:@HRLT^LLÆ
U­ºJUFW­IBOFEFW²L¹VSBQSF´­TJNVUUBNBN]

HMYT,Ã2X@YTHB"#DCBL1B@/XuB-¸JLÆ 
OJ°VNCIBTZ­°VDJDDIFEBDBSNBD­QZB¹¾BDBOESBLBN]]]]

H#ºDBL1H:NEFDBYHÄHB<DOR@DRTQ
DIJOOFDBSNB´JLIBºHFDB°BLUJ©DJL¹FQBTPTVSBÁ]

S@L/X2XHbW@BÖDBÖD:@HÃLTN@FS@LÆ 
U­NBQZBTZBEWJEI­DBLSFDBLSF´­CIJNVLI­HBU­N]]]]
%FW².­I­UNZBNPage 108 of 150

J@DO@7L@S@DHMYT,Ã@DVY4KI@GC@MU
LPQ­EIN­UPOJ°VNCIPUIB°ÄMB©KBHS­IBE­OBWBÁ]

@X@SLTHuO@SDMCDU(S×@/XB4:1XSÆ 
­Z­UB©NV¹¾JQ­UFOBEFW²UBDD­QZBDÄS´BZBU]]]]

@HU7X@VFC@R@DHOHB<DOBHZEJ@eHS
­WJEIZ­UIBHBE­©TPQJDJL¹FQBDB´ºJL­©QSBUJ]

R@HOCD5X@RÆH`Y4KDMHú@Ã2L3UL@FS@ 
T­QJEFWZ­TUSJ°ÄMFOBCIJOO­CIBTNBUWBN­HBU­]]]]

SSOQYTG2SSL@X@-SC$3XOTØULÆ
UBUBÁQBSB°VIBTUB©UBN­Z­OUB©EBJUZBQVµHBWBN]

@G3XCDU(A@:@$Ç$QO@SXSÃ4SKD 
­IBUZBEFW²C­´BVHIBJSBQ­UBZBUBCIÄUBMF]]]]

SH2LHºOHSSDÃ4L@$HMYT,ÃDÃ(LHUÖLD
UBTNJOOJQBUJUFCIÄNBVOJ°VNCIFCI²NBWJLSBNF]

@SX1S(UR֗µeXX@$G-STLH,AJ@LÆ 
CIS­UBSZBU²WBTBµLSVEEIBÁQSBZBZBVIBOUVNBNCJL­N]]]]

RQV2V2SV@3XT×$F1G(SOQL@XTW$
TBSBUIBTUIBTUBUI­UZVDDBJSH®I²UBQBSBN­ZVEIBJÁ]

ÃTI$Qu@HÃQSTK$5X@1/X@YDAÃ@$MÃ 
CIVKBJSB¹¾­CIJSBUVMBJSWZ­QZ­°F¹B©CBCIBVOBCIBÁ]]]]
%FW².­I­UNZBNPage 109 of 150

SL@X@-SRL@K@D*XCDU(YœLU@CXSÆ
UBN­Z­OUB©TBN­MPLZBEFW²°BµLIBNBW­EBZBU]

)X@Y!CB@HOWMToJ@Q@S(U¯RGLÆ 
KZ­°BCEB©D­QJEIBOV¹B°DBL­S­U²WBEVÁTBIBN]]]]

O4QX@L@RJJ—Ã@DHMIÇZP@2UMDMB
QÄSBZ­N­TBLBLVCIPOJKBHIB´¾­TWBOFOBDB]

RL2SC$3XR$-X@M@SDI@DUWHUW@HXM@ 
TBNBTUBEBJUZBTBJOZ­O­©UFKPWBEIBWJEI­ZJO­]]]]

SSHRG@DLG@M@C$23X@HISDÃLG@LC$
UBUBÁTJ©IPNBI­O­EBJTUZ­KJUFCIBNBI­NBEBJÁ]

O4QX@L@RFFMF@SV$UHCY@DCY 
QÄSBZ­N­TBHBHBOB©H­©UBUIBJWBEJ°PEB°B]]]]

SSJ@K(RLT3O3XFFMyL@LS@EXSÆ
UBUBÁL­M²TBNVUQBUZBHBHBOB©L¹N­NBU­ºBZBU]

JQ@>X@SHºM@CDMe@J2UM@2SDHSQ@DHGS@ 
LBS­CIZ­©UBOOJO­EFOBQS­LTWBO­TUFUJSPIJU­Á]]]]

¡@¡G@RLHYUHYU±S(BJ@QG
B¾¾­¾¾BI­TBNB°JWB©°JWBEÄU²DBL­SBIB]

U$Y!C$QRTQ@vDRTYT,ÃJ@DOOQXX@$ 
WBJÁ°BCEBJSBTVS­TUSFTVÁ°VNCIBÁLPQB©QBSB©ZBZBV]]]]
%FW².­I­UNZBNPage 110 of 150

¯Q@3LH2StHStDHS5X@IG@Q@H,AJ@XC@
EVS­UNB©TUJ¹¾IBUJ¹¾IFUJWZ­KBI­S­NCJL­ZBE­]

SC@IXD3XHÃHGSCDU$Q@J@YRH2VS$ 
UBE­KBZFUZBCIJIJUB©EFWBJS­L­°BTB©TUIJUBJÁ]]]]

YT,ÃDM@F3XX@YHÄLT1Ä@)U@K@HSÃ(:@
°VNCIFO­HBUZBZ­°BLUJSNVLU­KW­M­UJCI²¹B´­]

@X@-S(UH{JP@Ã@R@HMQ2S@LG@D+JX@ 
­Z­OU²WBIOJLľ­CI­T­OJSBTU­NBIPMLBZ­]]]]

HRGM@CDMYT,Ã2X5X@ÏK@DJ`X@-SQLÆ
TJ©IBO­EFOB°VNCIBTZBWZ­QUB©MPLBUSBZ­OUBSBN]

HMÇ@1SHM2UM@DÇ@DQ@DHISU@MUM(OSD 
OJSHI­UBOJÁTWBOPHIPSPKJUBW­OBWBO²QBUF]]]]

YT,ÃLTÄ@°#Q@-CDU(YT,Ã2S3eHGS@°#Q@MÆ
°VNCIBNVLU­¸DIBS­OEFW²°VNCIBTUBUQSBIJU­¸DIBS­O]

HB"#DC2UYQ$k$YSY@DVRGwY 
DJDDIFEBTWB°BSBJSVHSBJÁ°BUB°PUIBTBIBTSB°BÁ]]]]

SSR@BHZEJ@֗µ@Y4KDM@HÃIÇ@MSLÆ
UBUBÁT­DB´ºJL­LSVEEI­°ÄMFO­CIJKBHI­OBUBN]

RSC@HÃGS@DÃ4L@$L4H"#1S@DHMOO@SG 
TBUBE­CIJIBUPCIÄNBVNÄSDDIJUPOJQBQ­UBIB]]]]
%FW².­I­UNZBNPage 111 of 150

SS@DHMYT,ÃR,e@/XBDSM@L@^J@LT1J
UBUPOJ°VNCIBÁTBNQS­QZBDFUBO­N­UUBL­SNVLBÁ]

@IÇ@MYQ$CD1U(ŸJ@K(ŸJDRHQ:SV@ 
­KBHI­OB°BSBJSEFW²©L­M²©LFTBSJ´B©UBUI­]]]]

OTMoJ•3U@A@M@LXTSCMTIDsQ
QVOB°DBL®UW­C­IÄO­NBZVUB©EBOVKF°WBSBÁ]

BÖ@XTWDMHCHSI9#@CX@L@RBHZEJ@LÆ 
DBLS­ZVEIFOBEJUJKB°DI­EBZ­N­TBDB´ºJL­N]]]]

SS@DÃFUS(֗µ@¯F@1¯F@1HS1M@HYM(
UBUPCIBHBWBU²LSVEEI­EVSH­EVSH­SUJO­°JO²]

HB"#DCCDU(BÖ@H:2UYQ$R@XJ@oS@MÆ 
DJDDIFEBEFW²DBLS­´JTWB°BSBJÁT­ZBL­©°DBU­O]]]]

SS@DHMYT,Ã@DUDFDMFC@L@C@XBHZEJ@LÆ
UBUPOJ°VNCIPWFHFOBHBE­N­E­ZBDB´ºJL­N]

>XW@USU$G-STC$3XR$-XRL@US 
BCIZBEI­WBUBWBJIBOUV©EBJUZBTBJOZBTBN­W®UBÁ]]]]

S2X@OSSU@YTFC@HB"#DCBHZEJ@
UBTZ­QBUBUBFW­°VHBE­©DJDDIFEBDB´ºJL­]

NEFDMHYSW@QD:RBY4KRL@CCD 
LIBºHFOB°JUBEI­SF´BTBDB°ÄMB©TBN­EBEF]]]]
%FW².­I­UNZBNPage 112 of 150

Y4KG2SRL@X@-SHMYT,ÃLLQ@C1MLÆ
°ÄMBIBTUB©TBN­Z­OUB©OJ°VNCIBNBNBS­SEBOBN]

zHCHU5X@WY4KDMUDF@HUµDMBHZEJ@ 
I®EJWJWZ­EIB°ÄMFOBWFH­WJEEIFOBDB´ºJL­]]]]

Hú2XS2XY4KDMzCX@HºRS@DOQ
CIJOOBTZBUBTZB°ÄMFOBI®EBZ­OOJÁT®UPQBSBÁ]

LG@AK@DLG@U(X1H2StDHSOTk@DUCMÆ 
NBI­CBMPNBI­W²SZBTUJ¹¾IFUJQVSV¹PWBEBO]]]]

S2XHMÖ@LS@DCDU(eG2X2UMU^S
UBTZBOJ¹LS­NBUPEFW²QSBIBTZBTWBOBWBUUBUBÁ]

HYQHo"#DCNEFDMSS@DR@UOSa«HU 
°JSB°DJDDIFEBLIBºHFOBUBUPT­WBQBUBECIVWJ]]]]

SSHRGoN@C@DCu@<TZ:HYQ@DWQ@MÆ
UBUBÁTJ©IB°DBLI­EPHSBEB©¹¾S­L¹V´´B°JSPEIBS­O]

RTQ@2S@2SV@J@K(HYU±S(SV@OQ@MÆ 
BTVS­©TU­©TUBUI­L­M²°JWBEÄU²UBUI­QBS­O]]]]

J@$L@Q(YHÄHMHÃ1º@JDHBºDYTL1G@RTQ@
LBVN­S²°BLUJOJSCIJOO­ÁLFDJOOF°VSNBI­TVS­Á]

g|@:(L¼O4SDMS@DXDM@-XDHMQ@J•S@ 
CSBIN­´²NBOUSBQÄUFOBUPZFO­OZFOJS­L®U­Á]]]]
%FW².­I­UNZBNPage 113 of 150

L@GDsQ(H`Y4KDMHú@ODST2SV@OQD
N­IF°WBS²USJ°ÄMFOBCIJOO­ÁQFUVTUBUI­QBSF]

U@Q@G(STZEÇ@SDMJDHB×4:(1J•S@ÃTHU 
W­S­I²UV´ºBHI­UFOBLFDJDDÄS´²L®U­CIVWJ]]]]

NZENZEBBÖD:U$:5X@C@MU@J•S@
LIB´ºB©LIB´ºB©DBDBLSF´BWBJ¹´BWZ­E­OBW­ÁL®U­Á]

U‘D:B$-¸(G2S@HULTÄDMSV@OQD 
WBKSF´BDBJOES²IBTU­HSBWJNVLUFOBUBUI­QBSF]]]]

JDHBHbMDYTQRTQ@JDHBºu@LG@GU@SÆ
LFDJEWJOF°VSBTVS­ÁLFDJOOB¹¾­NBI­IBW­U]

ÃH<S@o@OQDJ@K(HYU±S(LF@HWO$ 
CIBL¹JU­°D­QBSFL­M²°JWBEÄU²N®H­EIJQBJÁ]]]]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDHMYT,ÃUW@DM@L
EFW²N­I­UNZFOJ°VNCIBWBEIPO­NB

MUL@D7X@X 
OBWBNPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 114 of 150

CYL@D7X@X
EB°BNPEIZ­ZBÁ

?;HkU@B 
PN®¹JSVW­DB]]]]

HMYT,ÃHMGS}PU@@SQe@:RH,LSLÆ
OJ°VNCIB©OJIBUB©E®¹¾W­CIS­UBSB©QS­´BTBNNJUBN]

G-XL@MAKB$UYT,Ã֗µ@DgU(bB 
IBOZBN­OB©CBMB©DBJWB°VNCIBÁLSVEEIPCSBW²EWBDBÁ]]]]

AK@UKDO¯uD3UL@¯FD1FU1L@UG
CBM­WBMFQBEV¹¾FUWB©N­EVSHFHBSWBN­WBIB]

-X@R@AKL@Hr3XXTµRDB@HSL@HMM( 
BOZ­T­©CBMBN­°SJUZBZVEEIZBTFD­UJN­OJO²]]]]
%FW².­I­UNZBNPage 115 of 150

CD5XTU@B 
EFWZVW­DB]]]]

J$U@GIF3X`HbS(X@J@LL@OQ@
FLBJW­IB©KBHBUZBUSBEWJU²Z­L­NBN­QBS­]

O9X$S@¯uL8XDUHUY-3X@DLHbÃ4SX 
QB°ZBJU­EV¹¾BNBZZFWBWJ°BOUZPNBEWJCIÄUBZBÁ]]]]

SSRL2S@2S@CD5X@Dg|@:(eLTN@KXLÆ
UBUBÁTBNBTU­TU­EFWZPCSBIN­´²QSBNVLI­MBZBN]

S2X@CD5X@2SM@$I&LTQDJ$U@R(^C@H,AJ@ 
UBTZ­EFWZ­TUBOBVKBHNVSFLBJW­T²UUBE­NCJL­]]]]

CD5XTU@B 
EFWZVW­DB]]]]

GHUÃ43X@A¤HÃHQGmO$X1C@H2VS@
BIB©WJCIÄUZ­CBIVCIJSJIBSÄQBJSZBE­TUIJU­]

S3RzSLX$J$UHSt@,X@I@$H2VQ@DÃU 
UBUTB©I®UB©NBZBJLBJWBUJ¹¾I­NZ­KBVTUIJSPCIBWB]]]]
%FW².­I­UNZBNPage 116 of 150

;HkU@B 
®¹JSVW­DB]]]]

SSeUUSDXTµCD5X@YT,Ã2XB@DÃX@D
UBUBÁQSBWBW®UFZVEEIB©EFWZ­Á°VNCIBTZBDPCIBZPÁ]

O9XS@RU1CDU@M@LRTQ@:@BC@k:LÆ 
QB°ZBU­©TBSWBEFW­O­NBTVS­´­©DBE­SV´BN]]]]

YQU$1HYS$Yv$2SV@B@v$RTC@k:$
°BSBWBS¹BJÁ°JUBJÁ°BTUSBJTUBUI­D­TUSBJÁTVE­SV´BJÁ]

SX@DXT1µLÃ4a”XRU1K@DJÃX–QLÆ 
UBZPSZVEEIBNBCIÄECIÄZBÁTBSWBMPLBCIBZBµLBSBN]]]]

HC5X@-Xv@H:YSY@DLTLTBDX@-XV@H,AJ@
EJWZ­OZBTUS­´J°BUB°PNVNVDFZ­OZBUI­NCJL­]

AÚS@HMC$3XD-¸2S3eS(Ç@SJS1HÃ 
CBCIB¸KBU­OJEBJUZFOESBTUBUQSBU²HI­UBLBSU®CIJÁ]]]]

LTÄ@HMSDMB@v@H:HC5X@HMOQLDsQ(
NVLU­OJUFOBD­TUS­´JEJWZ­OJQBSBNF°WBS²]

AÚK(KX$U@D¤–@Q@D×@Q:@HCHÃ 
CBCIB¸KBM²MBZBJWPHSBIVµL­SPDD­SB´­EJCIJÁ]]]]
%FW².­I­UNZBNPage 117 of 150

SSYQYS$CD1U(L@"#@CXSR@DRTQ
UBUBÁ°BSB°BUBJSEFW²N­DDI­EBZBUBTPTVSBÁ]

R@HOS3J—HOS@CDU(WMTHo"#DCBDTHÃ 
T­QJUBULVQJU­EFW²EIBOV°DJDDIFEBDF¹VCIJÁ]]]]

H#ºDWMTHC$3XD-¸2SV@YHÄLV@CCD
DIJOOFEIBOV¹JEBJUZFOESBTUBUI­°BLUJNBUI­EBEF]

HB"#DCCDU(BÖD:S@L/X2XJQDH2VS@LÆ 
DJDDIFEBEFW²DBLSF´BU­NBQZBTZBLBSFTUIJU­N]]]]

SSNEFLTO@C@XYSB-¸BÃ@MTLSÆ
UBUBÁLIBºHBNVQ­E­ZB°BUBDBOESB©DBCI­OVNBU]

>XW@USS@CDU(ŸC$3X@M@LHWODsQ 
BCIZBEI­WBUBU­©EFW²©EBJUZ­O­NBEIJQF°WBSBÁ]]]]

S2X@OSSU@YTNEFHB"#DCBHZEJ@
UBTZ­QBUBUBFW­°VLIBºHB©DJDDIFEBDB´ºJL­]

WMTLT1Ä$HYS$A@1:$oL1B@J1JQ@LKLÆ
EIBOVSNVLUBJÁ°JUBJSC­´BJ°DBSNBD­SLBLBS­NBMBN]

s@oO@SX@L@RQVR@QHVM@RG 
B°W­©°DBQ­UBZ­N­TBSBUIB©T­SBUIJO­TBIB]]]]
%FW².­I­UNZBNPage 118 of 150

GS@sRSC@C$3XH9#ºW-U@HUR@QHV
IBU­°WBÁTBUBE­EBJUZB°DIJOOBEIBOW­WJT­SBUIJÁ]

I@GLT¶QÇ@DQLH,AJ@HMWM@D
S 
KBHS­IBNVEHBSB©HIPSBNBNCJL­OJEIBOPEZBUBÁ]]]]

HB"#DC@OSS2S2XLT¶QHMHYS$YQ$
DJDDIFE­QBUBUBTUBTZBNVEHBSB©OJ°JUBJÁ°BSBJÁ]

SV@HOR@D>XW@U^@LTHuLT
,XUDFU@MÆ 
UBUI­QJTPCIZBEI­WBUU­©NV¹¾JNVEZBNZBWFHBW­O]]]]

RLTHuO@SX@L@RzCXDC$3XOTØU
TBNV¹¾J©Q­UBZ­N­TBI®EBZFEBJUZBQVµHBWBÁ]

CD5X@2SB@HOR@CDU(SKDM@DQ2XS@EXSÆ 
EFWZ­TUB©D­QJT­EFW²UBMFOPSBTZBU­ºBZBU]]]]

SKeG@Q@HÃGS@DHMOO@SLG(SKD
UBMBQSBI­S­CIJIBUPOJQBQ­UBNBI²UBMF]

RC$3XQ@IRGR@OTMQDUSV@DH3VS 
TBEBJUZBS­KBÁTBIBT­QVOBSFWBUBUIPUUIJUBÁ]]]]

3O3XBeFÐ@D×$CD1U(ŸFFML@H2VS
VUQBUZBDBQSBH®IZPDDBJSEFW²©HBHBOBN­TUIJUBÁ]

S`@HOR@HMQ@W@Q@XTXTWDSDMBHZEJ@ 
UBUS­QJT­OJS­EI­S­ZVZVEIFUFOBDB´ºJL­]]]]
%FW².­I­UNZBNPage 119 of 150

HMXTµNDSC@C$3XoHZEJ@BOQ2OQLÆ
OJZVEEIB©LIFUBE­EBJUZB°DB´ºJL­DBQBSBTQBSBN]

BÖSTeVLHRµLTHMHU2LXJ@QJLÆ 
DBLSBUVÁQSBUIBNB©TJEEIBNVOJWJTNBZBL­SBLBN]]]]

SS@DHMXTµRTHBQJ•3U@SDM@H,AJ@RG
UBUPOJZVEEIB©TVDJSB©L®UW­UFO­NCJL­TBIB]

3O@P@LX@L@RHB<DOWQ:(SKD 
VUQ­¾ZBCIS­NBZ­N­TBDJL¹FQBEIBSB´²UBMF]]]]

RH<Ï@DWQ:(Ÿe@/XLTHuLT
,XUDFU@MÆ
TBL¹JQUPEIBSB´²©QS­QZBNV¹¾JNVEZBNZBWFHBW­O]

>XW@US¯u@3L@BHZEJ@HMWMD"#X@ 
BCIZBEI­WBUBEV¹¾­UN­DB´ºJL­OJEIBOFDDIBZ­]]]]

SL@X@-SSS@DCDU(RU1C$3XIMDsQLÆ
UBN­Z­OUB©UBUPEFW²TBSWBEBJUZBKBOF°WBSBN]

IF3X@O@SX@L@RHÃ_U@Y4KDMU<HR 
KBHBUZ­©Q­UBZ­N­TBCIJUUW­°ÄMFOBWBL¹BTJ]]]]

RFS@RTOO@S@D5X@’CDU(Y4K@HU<S
TBHBU­TVÁQBQ­UPSWZ­©EFW²°ÄM­HSBWJL¹BUBÁ]

B@KXMÆRJK@O6U(ŸR@H!Wb(O@ROU1S@LÆ 
D­MBZBOTBLBM­©Q®UIW²©T­CEIJEW²Q­©TBQBSWBU­N]]]]
%FW².­I­UNZBNPage 120 of 150

SSeRºLHNKGSDSH2LMƯQ@3LHM
UBUBÁQSBTBOOBNBLIJMB©IBUFUBTNJOEVS­UNBOJ]

IF32U@26XLS(U@OHML1KB@ÃUºÃ 
KBHBUTW­TUIZBNBU²W­QBOJSNBMB©D­CIBWBOOBCIBÁ]]]]

3O@SLDÇ@R@D+J@XDe@F@R2SDYLXXT
VUQ­UBNFHI­ÁTPML­ZFQS­H­TB©TUF°BNB©ZBZVÁ]

RHQS@DL@F1U@HG-X2SV@R2S`O@HSSD 
TBSJUPN­SHBW­IJOZBTUBUI­TB©TUBUSBQ­UJUF]]]]

SS@DCDUF:@RUD1G1HMÃ1QL@MR@
UBUPEFWBHB´­ÁTBSWFIBS¹BOJSCIBSBN­OBT­Á]

AÃ4UTHM1GSDSH2LMÆF-WU@1KHKSIFT 
CBCIÄWVSOJIBUFUBTNJOHBOEIBSW­MBMJUB©KBHVÁ]]]]

U@CX2SV$U@-XDMMSTo@/RQ@DF:@
BW­EBZB©TUBUIBJW­OZFOBO®UV°D­QTBSPHB´­Á]

UUTOTZX@2SV@U@S@RTeÃ@DÃ4H´U@JQ 
WBWVÁQV´Z­TUBUI­W­U­ÁTVQSBCIPCIÄEEJW­LBSBÁ]]]]

I)UKTo@ƒXY@-S@Y@-S@HC&IHMS2UM@ 
KBKWBMV°D­HOBZBÁ°­OU­Á°­OU­EJHKBOJUBTWBO­Á]]]]
%FW².­I­UNZBNPage 121 of 150

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDYT,ÃUW@DM@L
EFW²N­I­UNZF°VNCIBWBEIPO­NB

CYL@D7X@X 
EB°BNPEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 122 of 150

J@CY@D7X@X
FL­EB°PEIZ­ZBÁ

?;HkU@B 
PN®¹JSVW­DB]]]]

CD5X@GSDS`LG@RTQD-¸D
EFWZ­IBUFUBUSBNBI­TVSFOESF

RD-¸@RTQ@UH{OTQ@DFL@2S@LÆ
TFOES­ÁTVS­WBIOJQVSPHBN­TU­N]

J@3X@XM(ŸSTuTUTHQuK@Ã@C
L­UZ­ZBO²©UV¹¾VWVSJ¹¾BM­CI­E

HUJ@HYU‹@fHUJ@HYS@Y@ 
WJL­°JWBLUS­CKBWJL­°JU­°­Á]]]]

CDHUeOº@HS1GQDeR(C
EFWJQSBQBOO­SUJIBSFQSBT²EB

eR(CL@SI1FS@DHNK2X
QSBT²EBN­UBSKBHBUPLIJMBTZB]
%FW².­I­UNZBNPage 123 of 150

eR(CHUsDsHQO@HGHUs
QSBT²EBWJ°WF°WBSJQ­IJWJ°WB©

3UL(sQ(CDHUBQ@BQ2X 
UWBN²°WBS²EFWJDBS­DBSBTZB]]]]

@W@QÃ4S@IFS23ULDJ@
­EI­SBCIÄU­KBHBUBTUWBNFL­

LG(2UmOD:XSH2VS@HR
NBI²TWBSÄQF´BZBUBÁTUIJU­TJ]

O@2UmOH2VSX@3UX$SÂ
BQ­©TWBSÄQBTUIJUBZ­UWBZBJUB-

C@/X@XSDJ•3xLKÀXU(XD1 
E­QZ­ZBUFL®UTOBNBMBµHIZBW²SZF]]]]

3UU$:U(YHÄQM-SU(X@1
UWB©WBJ¹´BW²°BLUJSBOBOUBW²SZ­

HUs2XA(IOQL@HRL@X@
WJ°WBTZBC²KB©QBSBN­TJN­Z­]

R,L@DHGSCDHURL2SLDSSÆ
TBNNPIJUB©EFWJTBNBTUBNFUBU

3UU$eRº@ÃTHULTHÄGDST 
UWB©WBJQSBTBOO­CIVWJNVLUJIFUVÁ]]]]
%FW².­I­UNZBNPage 124 of 150

HU
@RL2S@2SUCDHUÃDC@
WJEZ­ÁTBNBTU­TUBWBEFWJCIFE­Á

HvXRL2S@RJK@IF3RT
TUSJZBÁTBNBTU­ÁTBLBM­KBHBUTV]

3UX$JX@O4HQSL,AX$SSÆ
UWBZBJLBZ­QÄSJUBNBNCBZBJUBU

J@SD2STHS2S5XOQ@OQ@DHÄ 
L­UFTUVUJÁTUBWZBQBS­QBSPLUJÁ]]]]

RU1Ã4S@XC@CDU(ÃTHÄLTHÄeC@HXM(
TBSWBCIÄU­ZBE­EFW²CIVLUJNVLUJQSBE­ZJO²]

3U2STS@2STSXDJ@U@ÃU-STOQL@DÄX 
UWB©TUVU­TUVUBZFL­W­CIBWBOUVQBSBNPLUBZBÁ]]]]

RU12XATHµmOD:IM2XzHCRH2VSD
TBSWBTZBCVEEIJSÄQF´BKBOBTZBI®EJTB©TUIJUF]

2UF@1OUF1CDCDHUM@Q@XH:ML@D2STSD 
TWBSH­QBWBSHBEFEFWJO­S­ZB´JOBNPTUVUF]]]]

JK@J@t@HCmOD:OHQ:@LeC@HXHM
LBM­L­¹¾I­EJSÄQF´BQBSJ´­NBQSBE­ZJOJ]

HUs2X@DOQS@$YÄDM@Q@XH:ML@D2STSD 
WJ°WBTZPQBSBUBV°BLUFO­S­ZB´JOBNPTUVUF]]]]
%FW².­I­UNZBNPage 125 of 150

RU1LØKL@Ø+XDHYUDRU@1V1R@HWJD
TBSWBNBµHBMBN­µHBMZF°JWFTBSW­SUIBT­EIJLF]

YQZXD²X,AJDF@$HQM@Q@XH:ML@D2STSD 
°BSB´ZFUSZBNCBLFHBVSJO­S­ZB´JOBNPTUVUF]]]]

RHuH2VHSHUM@Y@M@YHÄÃ4SDRM@SHM
T®¹¾JTUIJUJWJO­°­O­©°BLUJCIÄUFTBO­UBOJ]

FT:@rXDFT:LXDM@Q@XH:ML@D2STSD 
HV´­°SBZFHV´BNBZFO­S­ZB´JOBNPTUVUF]]]]

YQ:@FSC(M@S1OHQ`@:OQ@X:D
°BSB´­HBUBE²O­SUBQBSJUS­´BQBS­ZB´F]

RU12X@HS1GQDCDHUM@Q@XH:ML@D2STSD 
TBSWBTZ­SUJIBSFEFWJO­S­ZB´JOBNPTUVUF]]]]

GRXTÄHUL@M2VDg|@:(mOW@HQH:
IB©TBZVLUBWJN­OBTUIFCSBIN­´²SÄQBEI­SJ´J]

J@$Y@,Ã<HQJDCDHUM@Q@XH:ML@D2STSD 
LBV°­NCIBÁL¹BSJLFEFWJO­S­ZB´JOBNPTUVUF]]]]

H`Y4KB-¸@HGWQDLG@UÃU@HGHM
USJ°ÄMBDBOES­IJEIBSFNBI­W®¹BCIBW­IJOJ]

L@GDsQ(2UmOD:M@Q@XH:ML@D2STSD 
N­IF°WBS²TWBSÄQF´BO­S­ZB´JOBNPTUVUF]]]]
%FW².­I­UNZBNPage 126 of 150

LX4QJ—Ê—PUSDLG@YHÄWQDMÇD
NBZÄSBLVLLV¾BW®UFNBI­°BLUJEIBSFOBHIF]

J@$L@Q(mOR2V@MDM@Q@XH:ML@D2STSD 
LBVN­S²SÄQBTB©TUI­OFO­S­ZB´JOBNPTUVUF]]]]

YœBÖFC@Y@Ø1FG(SOQL@XTWD
°BµLIBDBLSBHBE­°­SµHBH®I²UBQBSBN­ZVEIF]

eR(CU$:U(mODM@Q@XH:ML@D2STSD 
QSBT²EBWBJ¹´BW²SÄQFO­S­ZB´JOBNPTUVUF]]]]

FG(S@DLG@BÖDCu@Dµ¿SURT-WQD
H®I²UPHSBNBI­DBLSFEB©¹¾SPEEI®UBWBTVOEIBSF]

UQ@GmHOH:HYUDM@Q@XH:ML@D2STSD 
WBS­IBSÄQJ´J°JWFO­S­ZB´JOBNPTUVUF]]]]

MHRGmOD:@DD:G-STC$3X@MÆJ•S@D
LD
O®TJ©IBSÄQF´PHSF´BIBOUV©EBJUZ­OL®UPEZBNF]

`$K@D*X`@:RHGSDM@Q@XH:ML@D2STSD 
USBJMPLZBUS­´BTBIJUFO­S­ZB´JOBNPTUVUF]]]]

HJQ(HPHMLG@U‘DRGwMXM@D))UKD
LJS²¾JOJNBI­WBKSFTBIBTSBOBZBOPKKWBMF]

U`e@:GQDB$H-¸M@Q@XH:ML@D2STSD 
W®USBQS­´BIBSFDBJOESJO­S­ZB´JOBNPTUVUF]]]]
%FW².­I­UNZBNPage 127 of 150

HYU±S(2UmOD:GSC$3XLG@AKD
°JWBEÄU²TWBSÄQF´BIBUBEBJUZBNBI­CBMF]

Ç@DQmODLG@Q@UDM@Q@XH:ML@D2STSD 
HIPSBSÄQFNBI­S­WFO­S­ZB´JOBNPTUVUF]]]]

Cu@JQ@KUCMDHYQ@DL@K@HUÃ4:D
EB©¹¾S­LBS­MBWBEBOF°JSPN­M­WJCIĹB´F]

B@LTZEDLTZELVMDM@Q@XH:ML@D2STSD 
D­NV´ºFNV´ºBNBUIBOFO­S­ZB´JOBNPTUVUF]]]]

KHyLKÙDLG@HU
DrµDOTHu2UWDŠTUD
MBL¹NJMBKKFNBI­WJEZF°SBEEIFQV¹¾JTWBEIFEISVWF]

LG@Q@H`LG@L@XDM@Q@XH:ML@D2STSD 
NBI­S­USJNBI­N­ZFO­S­ZB´JOBNPTUVUF]]]]

LDWDRQ2UHSUQDÃ4HSA@HUS@LHR
NFEIFTBSBTWBUJWBSFCIÄUJC­CISBWJU­NBTJ]

HMXSD3UeR(CDYDM@Q@XH:ML@D2STSD 
OJZBUFUWB©QSBT²EF°FO­S­ZB´JOBNPTUVUF]]]]

RU12UmODRUD1YDRU1YHÄRLH-USD
TBSWBTWBSÄQFTBSWF°FTBSWB°BLUJTBNBOWJUF]

ÃXD>Xv@HGM@DCDHU¯FD1CDHUML@D2STSD 
CIBZFCIZBTUS­IJOPEFWJEVSHFEFWJOBNPTUVUF]]]]
%FW².­I­UNZBNPage 128 of 150

S^DUCMR@$,XK@DBM`XÃ4HSLÆ
FUBUUFWBEBOB©TBVNZB©MPDBOBUSBZBCIĹJUBN]

O@STMRU1Ã4SD>XJ@3X@XHMML@D2STSD 
Q­UVOBÁTBSWBCIÄUFCIZBÁL­UZ­ZBOJOBNPTUVUF]]]]

)U@K@JQ@KL3XTLYD@RTQR4CMLÆ
KW­M­LBS­MBNBUZVHSBNB°F¹­TVSBTÄEBOBN]

H`Y4KO@STM@DÃ(SDÃ1¸J@HKML@D2STSD 
USJ°ÄMB©Q­UVOPCI²UFSCIBESBL­MJOBNPTUVUF]]]]

HGMH2SC$3XSDI@HR2UMDM@O4X1X@IFSÆ
IJOBTUJEBJUZBUFK­©TJTWBOFO­QÄSZBZ­KBHBU]

R@ÇZP@O@STM@DCDHUO@OD>X@DMRTS@HMU 
T­HIB´¾­Q­UVOPEFWJQ­QFCIZPOBÁTVU­OJWB]]]]

RTQ@R&UR@O–BHB1S2SDJQ@D))UK
BTVS­T®HWBT­QBµLBDBSDJUBTUFLBSPKKWBMBÁ]

YTÃ@XNEF@DÃUSTBHZEJD3U@MS@UXLÆ 
°VCI­ZBLIBºHPCIBWBUVDB´ºJLFUW­©OBU­WBZBN]]]]

Q@DF@MYD@MOGHRSTu@
SPH­OB°F¹­OBQBIB©TJUV¹¾­

ku@STJ@L@MÆRJK@MÃ(u@MÆ
SV¹¾­UVL­N­OTBLBM­OBCI²¹¾­O]
%FW².­I­UNZBNPage 129 of 150

3U@L@HrS@M@MHUOºQ@:@
UW­N­°SJU­O­©OBWJQBOOBS­´­©

3U@L@HrS@Ð@rXS@eX@H-S 
UW­N­°SJU­IZ­°SBZBU­©QSBZ­OUJ]]]]

S3J•SX3JCM3UX@

FUBUL®UB©ZBULBEBOB©UWBZ­EZB

WL1Hb@CDHULG@RTQ@:@LÆ
EIBSNBEWJ¹­©EFWJNBI­TVS­´­N]

mO$QMDJ$A1¤W@3LL4HS’
SÄQBJSBOFLBJSCBIVEI­UNBNÄSUJ©

J•3U@H,AJDS3eJQ@DHSJ@-X@ 
L®UW­NCJLFUBUQSBLBSPUJL­OZ­]]]]

HU
@RTY@vDTHUUDJC(ODÂ
WJEZ­TV°­TUSF¹VWJWFLBE²QF-

U@
DTU@*XDTBJ@3UC-X@
¹W­EZF¹VW­LZF¹VDBL­UWBEBOZ­]

LL3UFSD1HSLG@-WJ@QD
NBNBUWBHBSUFUJNBI­OEIBL­SF

HU@LX3XDSCS(UHUsLÆ 
WJCIS­NBZBUZFUBEBU²WBWJ°WBN]]]]
%FW².­I­UNZBNPage 130 of 150

Q<@HRX`@DHU@oM@F@
SBL¹­©TJZBUSPHSBWJ¹­°DBO­H­

X`@QX@DC2XTAK@HMX`
ZBUS­SBZPEBTZVCBM­OJZBUSB]

C@U@MK@DX`SV@H!WL7XD
E­W­OBMPZBUSBUBUI­CEIJNBEIZF

S`H2VS@3UOHQO@HRHUsLÆ 
UBUSBTUIJU­UWB©QBSJQ­TJWJ°WBN]]]]

HUsDsHQ3UOHQO@HRHUs
WJ°WF°WBSJUWB©QBSJQ­TJWJ°WB©

HUs@H3LJ@W@QXR(GHUsLÆ
WJ°W­UNJL­EI­SBZBT²IBWJ°WBN]

HUsDYU-
@ÃUS(ÃUH-S
WJ°WF°BWBOEZ­CIBWBU²CIBWBOUJ

HUs@rX@XD3UHXÃHÄMl@ 
WJ°W­°SBZ­ZFUWBZJCIBLUJOBNS­Á]]]]

CDHUeR(COHQO@KXM@DHQÃ(SDÂ
EFWJQSBT²EBQBSJQ­MBZBOPSJCI²UF-

HM13XXV@RTQUW@CWTM$UR

SOJUZB©ZBUI­TVSBWBEI­EBEIVOBJWBTBEZBÁ]
%FW².­I­UNZBNPage 131 of 150

O@O@HMRU1IFS@eYLMX@YT
Q­Q­OJTBSWBKBHBU­©QSB°BNB©OBZ­°V

3O@SO@JIHMS@oLG@DORF@1MÆ 
VUQ­UBQ­LBKBOJU­©°DBNBIPQBTBSH­O]]]]

e:S@M@eR(C3UCDHUHUs@HS1G@HQH:
QSB´BU­O­©QSBT²EBUWB©EFWJWJ°W­SUJI­SJ´J]

`$K@D*XU@HRM@L(EDK@DJ@M@UQC@ÃU 
USBJMPLZBW­TJO­N²ºZFMPL­O­©WBSBE­CIBWB]]]]

CD5XTU@B 
EFWZVW­DB]]]]

UQC@GRTQF:@UQX-LMRD"#V
WBSBE­IB©TVSBHB´­WBSB©ZBONBOBTFDDIBUIB]

SU:T7UeX"#@HLIFS@LTOJ@QJLÆ 
UB©W®´VEIWB©QSBZBDDI­NJKBHBU­NVQBL­SBLBN]]]]

CDU@=BT 
EFW­ÄDVÁ]]]]

RU@1A@W@eYLM`$K@D*X2X@HNKDsHQ
TBSW­C­EI­QSB°BNBOB©USBJMPLZBTZ­LIJMF°WBSJ]

ULDU3UX@J@X1L2Lb$HQHUM@YMLÆ 
FWBNFWBUWBZ­L­SZBNBTNBEWBJSJWJO­°BOBN]]]]
%FW².­I­UNZBNPage 132 of 150

CD5XTU@B 
EFWZVW­DB]]]]

U$U2USD-SQDe@ÏD u@HUYHSLDXTFD
WBJWBTWBUFOUBSFQS­QUFB¹¾­WJ©°BUJNFZVHF]

YT,Ã@DHMYT,Ão$U@-X@UT3O32XDSDLG@RTQ@$ 
°VNCIPOJ°VNCIB°DBJW­OZ­WVUQBUTZFUFNBI­TVSBV]]]]

M-CF@DOFGDI@S@XY@DC@FÃ1R,ÃU@
OBOEBHPQBH®IFK­U­ZB°PE­HBSCIBTBNCIBW­]

SS2S@$M@YHXX@HLHU-7X@BKHMU@HRM( 
UBUBTUBVO­°BZJ¹Z­NJWJOEIZ­DBMBOJW­TJO²]]]]

OTMQ/XHSQ@$¸D:mOD:OHVU(SKD
QVOBSBQZBUJSBVESF´BSÄQF´BQ®UIJW²UBMF]

US(X1GHMX@HLU$eHB^@oC@MU@MÆ 
BWBU²SZBIBOJ¹Z­NJWBJQSBDJUU­©°DBE­OBW­O]]]]

Ã<X-3X@oS@MT@MÆU$eHB^@MÆLG@RTQ@MÆ
CIBL¹BZBOUZ­°DBU­OVHS­OWBJQSBDJUU­ONBI­TVS­O]

QÄ@C-S@ÃHUXH-SC@HEL(J—RTL@DOL@ 
SBLU­EBOU­CIBWJ¹ZBOUJE­ºJN²LVTVNPQBN­Á]]]]
%FW².­I­UNZBNPage 133 of 150

SS@DL@CDUS@2UFD1L3X1K@DJDBL@MU@
UBUPN­©EFWBU­ÁTWBSHFNBSUZBMPLFDBN­OBW­Á]

2STU-S@D5X@GHQXH-SRSSQÄCH-SJ@LÆ 
TUVWBOUPWZ­IBSJ¹ZBOUJTBUBUB©SBLUBEBOUJL­N]]]]

Ã4XoYSU@H1*X@LM@Uu@LM,ÃHR
CIÄZB°DB°BUBW­S¹JLZ­NBO­W®¹¾Z­NBOBNCIBTJ]

LTHMHÃR2LS@Ã4L@$R,ÃHUX@,XX@DHMI@ 
NVOJCIJÁTB©TN®U­CIÄNBVTBNCIBWJ¹Z­NZBZPOJK­]]]]

SSYSDMMD`@:@HMQ(H<X@,XGLTM(MÆ
UBUBÁ°BUFOBOFUS­´­©OJS²L¹J¹Z­NZBIB©NVO²O]

J(S1HXXH-SLMTI@YS@<(HLHSL@SS 
L²SUBZJ¹ZBOUJNBOVK­Á°BU­L¹²NJUJN­©UBUBÁ]]]]

SS@DGLHNKK@DJL@3LCDGRLTaU$
UBUPIBNBLIJMB©MPLBN­UNBEFIBTBNVECIBWBJÁ]

ÃHQX@HLRTQ@Y@J$Q@UuDe@:W@QJ$ 
CIBSJ¹Z­NJTVS­Á°­LBJS­W®¹¾FÁQS­´BEI­SBLBJÁ]]]]

Y@J,ÃQ(HSHU.X@HSSC@X@2X@,XGÃTHU
°­LBNCIBS²UJWJLIZ­UJ©UBE­Z­TZ­NZBIB©CIVWJ]

S`$UBUHWX@HL¯F1L@.XLG@RTQLÆ 
UBUSBJWBDBWBEIJ¹Z­NJEVSHBN­LIZB©NBI­TVSBN]]]]
%FW².­I­UNZBNPage 134 of 150

¯F@1CDU(HSHU.X@SS-LDM@LÃHUXHS
EVSH­EFW²UJWJLIZ­UB©UBONFO­NBCIBWJ¹ZBUJ]

OTMo@GXC@Ã(LmOJ•3U@HGL@BKD 
QVOB°D­IB©ZBE­CI²NB©SÄQB©L®UW­IJN­DBMF]]]]

Q<@HRÃ<HXX@HLLTM(M@`@:J@Q:@SÆ
SBL¹­©TJCIBL¹BZJ¹Z­NJNVO²O­©US­´BL­SB´­U]

SC@L@LTMXRUD12S@DX-3X@MlL4S1X 
UBE­N­©NVOBZBÁTBSWFTUP¹ZBOUZ­OBNSBNÄSUBZBÁ]]]]

Ã(L@CDU(HSHU.X@SS-LDM@LÃHUXHS
CI²N­EFW²UJWJLIZ­UB©UBONFO­NBCIBWJ¹ZBUJ]

XC@k:@.Xv$K@D*XDLG@A@W@JHQXHS 
ZBE­SV´­LIZBTUSBJMPLZFNBI­C­EI­©LBSJ¹ZBUJ]]]]

SC@G@LQmOJ•3U@R.XDXPOCLÆ
UBE­IB©CIS­NBSB©SÄQB©L®UW­TBµLIZFZB¹B¾QBEBN]

`$K@D*X2XHGS@V@1XUHWX@HLLG@RTQLÆ 
USBJMPLZBTZBIJU­SUI­ZBWBEIJ¹Z­NJNBI­TVSBN]]]]

@LQ(HSBL@K@DJ@2SC@2S@DXH-SRU1S
CIS­NBS²UJDBN­©MPL­TUBE­TUP¹ZBOUJTBSWBUBÁ]

Å3VXC@XC@A@W@C@MU@D3V@ÃHUXHS 
JUUIB©ZBE­ZBE­C­EI­E­OBWPUUI­CIBWJ¹ZBUJ]]]]
%FW².­I­UNZBNPage 135 of 150

SC@SC@US(X@1GJHQX@,XHQR<XLÆ 
UBE­UBE­WBU²SZ­IB©LBSJ¹Z­NZBSJTBµL¹BZBN]]]]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLF

L-U-SQDCDU(L@G@3,XD
NBOWBOUBSFEFW²N­I­UNZF

M@Q@X:(2STHSM@1L$J@CY@D7X@X 
O­S­ZB´²TUVUJSO­NBJL­EB°PEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 136 of 150

b@CY@D7X@X
EW­EB°PEIZ­ZBÁ

?CD5XTU@B 
PNEFWZVW­DB]]]]

HÃ2SU$oL@HM3X2S@DXSDXRL@HGS
FCIJÁTUBWBJ°DBN­©OJUZB©TUP¹ZBUFZBÁTBN­IJUBÁ]

S2X@GRJK@A@W@YLHXX@,XRYXLÆ 
UBTZ­IB©TBLBM­©C­EI­©°BNBZJ¹Z­NZBTB©°BZBN]]]]

LWTJ$PÃM@YBLHG@RTQÇ@SMLÆ
NBEIVLBJ¾BCIBO­°B©DBNBIJ¹­TVSBHI­UBOBN]

J(S1HXXH-SXDSbbWYT,ÃHMYT,ÃX@D 
L²SUBZJ¹ZBOUJZFUBEWBEWBEIB©°VNCIBOJ°VNCIBZPÁ]]]]

u,X@BBSTC19X@MU,X@B$JBDSR
B¹¾BNZ­©DBDBUVSEB°Z­©OBWBNZ­©DBJLBDFUBTBÁ]

r@DXH-SB$UXDÅX@LLL@G@3,XLT^LLÆ 
°SP¹ZBOUJDBJWBZFCIBLUZ­NBNBN­I­UNZBNVUUBNBN]]]]
%FW².­I­UNZBNPage 137 of 150

MSD@¯J•SHJH®´«J•S@D3V@MB@OC
OBUF¹­©EV¹L®UB©LJ¸DJEEV¹L®UPUUI­OBD­QBEBÁ]

ÃHUXHSMC@HQ›MB$UDuHUX@DIMLÆ 
CIBWJ¹ZBUJOBE­SJESZB©OBDBJWF¹¾BWJZPKBOBN]]]]

Y`T>X@DMÃXS2XC2XTS@DU@MQ@IS
°BUSVCIZPOBCIBZB©UBTZBEBTZVUPW­OBS­KBUBÁ]

MYv@MKS@DX@$Ç@SÆJC@HBSÆR,ÃHUXHS 
OB°BTUS­OBMBUPZBVHI­ULBE­DJUTBNCIBWJ¹ZBUJ]]]]

S2L@-LL$S-L@G@3,XOH0S5XRL@HGS$
UBTN­ONBNBJUBON­I­UNZB©QB¾IJUBWZB©TBN­IJUBJÁ]

r@DS5XBRC@ÅX@OQ2U23XXMLGSÆ 
°SPUBWZB©DBTBE­CIBLUZ­QBSB©TWBTUZBZBOB©NBIBU]]]]

ORF@1MYD@2STLG@L@Q(RLTaU@MÆ
VQBTBSH­OB°F¹­©TUVNBI­N­S²TBNVECIBW­O]

SV@H`HUWLT3O@SL@G@3,XYLXD-LL 
UBUI­USJWJEIBNVUQ­UB©N­I­UNZB©°BNBZFONBNB]]]]

X`$S3O0SDR,XHM3XL@XSMDLL
ZBUSBJUBUQB¾IZBUFTBNZBµOJUZBN­ZBUBOFNBNB]

RC@MSHbL@DyX@HLR@HM7XS`LDH2VSLÆ 
TBE­OBUBEWJNPL¹Z­NJT­OOJEIZB©UBUSBNFTUIJUBN]]]]
%FW².­I­UNZBNPage 138 of 150

AHKeC@MDO4I@X@LHƒJ@XD1LG@D3RUD
CBMJQSBE­OFQÄK­Z­NBHOJL­SZFNBIPUTBWF]

RU’LL$S-L@G@3,XLÆ×@X’r@5XLDUB 
TBSWB©NBNBJUBON­I­UNZBNVDD­SZB©°S­WZBNFWBDB]]]]

I@MS@I@MS@U@HOAHKO4I@XV@J•S@LÆ
K­OBU­K­OBU­W­QJCBMJQÄK­©ZBUI­L®U­N]

eS(H<X@,XGe(3X@UH{G@DLSV@J•SLÆ 
QSBU²L¹J¹Z­NZBIB©QS²UZ­WBIOJIPNB©UBUI­L®UBN]]]]

YQ3J@KDLG@O4I@HÖXSDX@BU@H1J(
°BSBUL­MFNBI­QÄK­LSJZBUFZ­DBW­S¹JL²]

S2X@LL$S-L@G@3,XrT3U@ÃHÄRLH-US 
UBTZ­©NBNBJUBON­I­UNZB©°SVUW­CIBLUJTBNBOWJUBÁ]]]]

RU@1A@W@HUHMLT1Ä@DWMW@-XRLH-US
TBSW­C­EI­WJOJSNVLUPEIBOBEI­OZBTBNBOWJUBÁ]

LMTX@DL3eR@CDMÃHUXHSMRYX 
NBOV¹ZPNBUQSBT­EFOBCIBWJ¹ZBUJOBTB©°BZBÁ]]]]

rT3U@LL$S-L@G@3,XSV@B@D3O^XYTÃ@
°SVUW­NBNBJUBON­I­UNZB©UBUI­DPUQBUUBZBÁ°VCI­Á]

OQ@ÖLBXTµDTI@XSDHMÃ1XOTL@MÆ 
QBS­LSBNB©DBZVEEIF¹VK­ZBUFOJSCIBZBÁQVN­O]]]]
%FW².­I­UNZBNPage 139 of 150

HQOUR<XX@H-SJ+X@:B@DOO
SD
SJQBWBÁTBµL¹BZB©Z­OUJLBMZ­´B©DPQBQBEZBUF]

M-CSDBJ—KOTR@L@G@3,XLLYZUS@LÆ 
OBOEBUFDBLVMB©QV©T­©N­I­UNZB©NBNB°®´WBU­N]]]]

Y@H-SJL1H:RU1`SV@¯2U„CY1MD
°­OUJLBSNB´JTBSWBUSBUBUI­EVÁTWBQOBEBS°BOF]

GO(E@RTB@D@RTL@G@3,XY:TX@-LL 
HSBIBQ²º­TVDPHS­TVN­I­UNZB©°®´VZ­ONBNB]]]]

ORF@1YLX@H-SGO(E@oC@k:@
VQBTBSH­Á°BNB©Z­OUJHSBIBQ²º­°DBE­SV´­Á]

¯2U„BMHÃ}1uRT2U„LTOI@XSD 
EVÁTWBQOB©DBO®CIJSE®¹¾B©TVTWBQOBNVQBK­ZBUF]]]]

A@KG@HÃÃ4S@M@A@K@M@Y@H-SJ@QJLÆ
C­MBHSBI­CIJCIÄU­O­©C­M­O­©°­OUJL­SBLBN]

RÇ@SÃDCDBM:@L$`(JQ:LT^LLÆ 
TBµHI­UBCIFEFDBO®´­©NBJUS²LBSB´BNVUUBNBN]]]]

¯U1^@M@LYD@:@AKG@HMJQOQLÆ
EVSW®UU­O­NB°F¹­´­©CBMBI­OJLBSB©QBSBN]

Q<@DÃ4SHOY@B@M@O0M@CDUM@YMLÆ 
SBL¹PCIÄUBQJ°­D­O­©QB¾IBO­EFWBO­°BOBN]]]]
%FW².­I­UNZBNPage 140 of 150

RU’LL$S-L@G@3,XLLRHºHWJ@QJLÆ
TBSWB©NBNBJUBON­I­UNZB©NBNBTBOOJEIJL­SBLBN]

OYTOTO@ÀX1W4O$oF-WC(O$2SV@D^L$ 
QB°VQV¹Q­SHIZBEIÄQBJ°DBHBOEIBE²QBJTUBUIPUUBNBJÁ]]]]

HUe@:@Ã@DIM$G@D1L$e@D<:(X$QGHM1YLÆ
WJQS­´­©CIPKBOBJSIPNBJÁQSPL¹B´²ZBJSBIBSOJ°BN]

-X$oHUHUW$Ã@D1F$eC@M$U13RQD:X@ 
BOZBJ°DBWJWJEIBJSCIPHBJÁQSBE­OBJSWBUTBSF´BZ­]]]]

e(HSLD1HÖXSDR@H2LMÆRJ•¯×HQSDrTSD
QS²UJSNFLSJZBUFT­TNJOTBL®EVDDBSJUF°SVUF]

rTSGQHSO@O@HMSV@Q@D&XeX"#HS 
°SVUB©IBSBUJQ­Q­OJUBUI­SPHZB©QSBZBDDIBUJ]]]]

Q<@JQ@DHSÃ4SD>X@DI-LM@J(S1MLL
SBL¹­©LBSPUJCIÄUFCIZPKBONBO­©L²SUBOB©NBNB]

XTµDTBHQSX-LD¯uC$3XHMAG1:LÆ 
ZVEEIF¹VDBSJUB©ZBONFEV¹¾BEBJUZBOJCBSIB´BN]]]]

SH2L°™«SDU$HQJ•SÃXOTR@MI@XSD
UBTNJ¸DISVUFWBJSJL®UB©CIBZB©QV©T­©OBK­ZBUF]

XTL@HÃ2STSX@DX@oX@og|H1HÃJ•S@ 
ZV¹N­CIJÁTUVUBZPZ­°DBZ­°DBCSBINBS¹JCIJÁL®U­Á]]]]
%FW².­I­UNZBNPage 141 of 150

g|:@BJ•S@2S@2STeX"#-STYTÃ@LHSLÆ
CSBINB´­DBL®U­TU­TUVQSBZBDDIBOUV°VCI­©NBUJN]

QZXDe@-SQDU@HOC@U@HƒOHQU@HQS 
BSB´ZFQS­OUBSFW­QJE­W­HOJQBSJW­SJUBÁ]]]]

C2XTHÃU@1USY4-XDFG(S@DU@HOY`THÃ
EBTZVCIJSW­W®UBÁ°ÄOZFH®I²UPW­QJ°BUSVCIJÁ]

HRG5X@Ž@MTX@S@DU@UMDU@UMGH2SHÃ 
TJ©IBWZ­HIS­OVZ­UPW­WBOFW­WBOBIBTUJCIJÁ]]]]

Q@\@֗µDMB@\Ï@DU7X@DA-WFS@DHOU@
S­K¸­LSVEEIFOBD­K¸BQUPWBEIZPCBOEIBHBUPQJW­]

@Ç4H:1S@DU@U@SDMH2VSO@DSDLG@:1UD 
­HIÄS´JUPW­W­UFOBTUIJUBÁQPUFNBI­S´BWF]]]]

OS3RTB@HOYvDTR@LDÃYC@k:D
QBUBUTVD­QJ°BTUSF¹VTBµHS­NFCI®°BE­SV´F]

RU@1A@W@RTÇ@DQ@RTUDCM@>XHC1S@DHOU@ 
TBSW­C­EI­TVHIPS­TVWFEBO­CIZBSEJUPQJW­]]]]

2LQMÆLL$S×HQSMQ@DLT"XDSR–P@SÆ
TNBSBONBNBJUBDDBSJUB©OBSPNVDZFUBTBµLB¾­U]

LLeÃ@U@H3RG@
@C2XU@DU$HQ:2SV@ 
NBNBQSBCI­W­UTJ©I­EZ­EBTZBWPWBJSJ´BTUBUI­]]]]
%FW².­I­UNZBNPage 142 of 150

±Q@CDUOK@X-SD2LQSoHQSLL 
EÄS­EFWBQBM­ZBOUFTNBSBUB°DBSJUB©NBNB]]]]

;HkU@B 
®¹JSVW­DB]]]]

Å3XT…U@R@ÃFUS(BHZEJ@BZEHUÖL@ 
JUZVLUW­T­CIBHBWBU²DB´ºJL­DB´ºBWJLSBN­]]]]

O9XS@RU1CDU@M@S`$U@-SQW(XS
QB°ZBU­©TBSWBEFW­O­©UBUSBJW­OUBSBEI²ZBUB]

SDHOCDU@HMQ@S–@2U@HWJ@Q@-XV@OTQ@ 
UFQJEFW­OJS­UBµL­ÁTW­EIJL­S­OZBUI­QVS­]]]]

X\Ã@FÃTIRUD1B֗HU1HMGS@QX
ZBK¸BCI­HBCIVKBÁTBSWFDBLSVSWJOJIBU­SBZBÁ]

C$3X@oCD5X@HMGSDYT,ÃDCDUHQO@$XTHW 
EBJUZ­°DBEFWZ­OJIBUF°VNCIFEFWBSJQBVZVEIJ]]]]

IFHb7URJDSH2LMÆLG@DDSTKHUÖLD
KBHBEWJEIWB©TBLFUBTNJONBIPHSFUVMBWJLSBNF]

HMYT,ÃDBLG@U(XD1YD@O@S@KL@XXT 
OJ°VNCIFDBNBI­W²SZF°F¹­ÁQ­U­MBN­ZBZVÁ]]]]
%FW².­I­UNZBNPage 143 of 150

UÃFUS(CDU(R@HM3X@HOOTMOTM
FWB©CIBHBWBU²EFW²T­OJUZ­QJQVOBÁQVOBÁ]

R,Ã4XJ—kSDÃ4OIFSOHQO@KMLÆ 
TBNCIÄZBLVSVUFCIÄQBKBHBUBÁQBSJQ­MBOBN]]]]

SX$S-L@DÐSDHUsR$UHUseR4XSD
UBZBJUBONPIZBUFWJ°WB©TBJWBWJ°WB©QSBTÄZBUF]

R@X@HBS@BHU\@MSTu@;HµeX"#HS 
T­Z­DJU­DBWJK¸­OB©UV¹¾­®EEIJ©QSBZBDDIBUJ]]]]

5X@ÏSX$S3RJKg|@ZELMTIDsQ
WZ­QUB©UBZBJUBUTBLBMB©CSBIN­´ºB©NBOVKF°WBSB]

LG@CD5X@LG@J@K(LG@L@Q(2UmOX@ 
NBI­EFWZ­NBI­L­M²NBI­N­S²TWBSÄQBZ­]]]]

R$UJ@KDLG@L@Q(R$URHuÃ1U3XI@
TBJWBL­MFNBI­N­S²TBJWBT®¹¾JSCIBWBUZBK­]

H2VHSJQ@DHSÃ4S@M@R$UJ@KDRM@SM( 
TUIJUJ©LBSPUJCIÄU­O­©TBJWBL­MFTBO­UBO²]]]]

ÃUJ@KDM:@R$UKyL(U1HµeC@FGD
CIBWBL­MFO®´­©TBJWBMBL¹N²SW®EEIJQSBE­H®IF]

R$U@Ã@UDSV@KyL(HU1M@Y@X@DOI@XSD 
TBJW­CI­WFUBUI­MBL¹N²SWJO­°­ZPQBK­ZBUF]]]]
%FW².­I­UNZBNPage 144 of 150

2STS@R,O4HIS@OTO$F1-WW4O@HCHÃ2SV@
TUVU­TBNQÄKJU­QV¹QBJSHBOEIBEIÄQ­EJCIJTUBUI­]

CC@HSHU^OT`@oLHSWLD1FHSYTÃ@LÆ 
EBE­UJWJUUB©QVUS­©°DBNBUJ©EIBSNFHBUJ©°VCI­N]]]]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDÃFUS(U@*X
EFW²N­I­UNZFCIBHBWBU²W­LZB©

b@CY@D7X@X 
EW­EB°PEIZ­ZBÁ]]]]
%FW².­I­UNZBNPage 145 of 150

`X@DCY@D7X@X
USBZPEB°PEIZ­ZBÁ

?;HkU@B 
PN®¹JSVW­DB]]]]

S^DJHVSÃ4OCDU(L@G@3,XLT^LLÆ
FUBUUFLBUIJUB©CIÄQBEFW²N­I­UNZBNVUUBNBN]

UeÃ@U@R@CDU(XXDCW@X1SDIFSÆ 
FWBNQSBCI­W­T­EFW²ZBZFEB©EI­SZBUFKBHBU]]]]

HU
@SV$UHÖXSDÃFUHb:TL@XX@
WJEZ­UBUIBJWBLSJZBUFCIBHBWBEWJ¹´VN­ZBZ­]

SX@3ULDU$9XoSV$U@-XDHUUDHJM 
UBZ­UWBNF¹BWBJ°ZB°DBUBUIBJW­OZFWJWFLJOBÁ]]]]

L@DÐ-SDL@DHGS@o$UL@DGLDXH-SB@OQD
NPIZBOUFNPIJU­°DBJWBNPIBNF¹ZBOUJD­QBSF]

S@LTO$HGLG@Q@IYQ:OQLDsQ(LÆ 
U­NVQBJIJNBI­S­KB°BSB´B©QBSBNF°WBS²N]]]]
%FW².­I­UNZBNPage 146 of 150

@Q@HWS@R$UM:@Ã@DF2UF@1OUF1C@ 
­S­EIJU­TBJWBO®´­©CIPHBTWBSH­QBWBSHBE­]]]]

L@J1ZEDXU@B 
N­SLB´ºFZBVW­DB]]]]

ÅHSS2XUBrT3U@RTQVRMQ@HWO 
JUJUBTZBWBDBÁ°SVUW­TVSBUIBÁTBOBS­EIJQBÁ]]]]

eH:O3XLG@Ã@FSLHRHYSpSLÆ
QSB´JQBUZBNBI­CI­HB©UBN®¹J©TB©°JUBWSBUBN]

HMHU1Z:@DHSLL3UDMQ@)X@OGQ:DMB 
OJSWJ´´PUJNBNBUWFOBS­KZ­QBIBSB´FOBDB]]]]

IF@LR
2SORDRBU$9X@DLG@LTMD
KBH­NBTBEZBTUBQBTFTBDBWBJ°ZPNBI­NVOF]

RCY1M@V1L,A@X@MC(OTHKML@H2VS 
TBOEBS°BO­SUIBNBNC­Z­OBE²QVMJOBN­TUIJUBÁ]]]]

RBU$9X2SO2SDODCDU(R4ÄOQIOMÆ
TBDBWBJ°ZBTUBQBTUFQFEFW²TÄLUB©QBSB©KBQBO]

S@$SH2LMÆOTHKMDCD5X@J•3U@L4HS’LG(LX(LÆ 
UBVUBTNJOQVMJOFEFWZ­ÁL®UW­NÄSUJ©NBI²NBZ²N]]]]
%FW².­I­UNZBNPage 147 of 150

G1:@BÖST2S2X@OTOW4O@HƒSO1:$
BSIB´­©DBLSBUVTUBTZ­ÁQV¹QBEIÄQ­HOJUBSQB´BJÁ]

HMQ@G@Q@$XS@3L@M@$S-LM2J@$RL@HGS@$ 
OJS­I­SBVZBU­UN­OBVUBONBOBTLBVTBN­IJUBV]]]]

CCST2S@$AHKB$UHMIF@`@RFTH<SLÆ
EBEBUVTUBVCBMJ©DBJWBOJKBH­US­T®HVL¹JUBN]

URL@Q@WXS@DHvHÃU1$1X1S@3LM@D 
FWB©TBN­S­EIBZBUPTUSJCIJSWBS¹BJSZBU­UNBOPÁ]]]]

OHQSTu@IFµ@`(e3X<e@GBHZEJ@ 
QBSJUV¹¾­KBHBEEI­US²QSBUZBL¹B©QS­IBDB´ºJL­]]]]

CD5XTU@B 
EFWZVW­DB]]]]

X3e@6X1SD3UX@Ã4O3UX@BJ—KM-CM
ZBUQS­SUIZBUFUWBZ­CIÄQBUWBZ­DBLVMBOBOEBOB]

L^2S3e@/XS@RU’OHQSTu@CC@HLSD 
NBUUBTUBUQS­QZBU­©TBSWB©QBSJUV¹¾­EBE­NJUF]]]]
%FW².­I­UNZBNPage 148 of 150

L@J1ZEDXU@B 
N­SLB´ºFZBVW­DB]]]]

SS@DUpDMO@DQ@)XLHU9X-XI-LHM
UBUPWBWSFO®QPS­KZBNBWJCISB©°ZBOZBKBONBOJ]

`$UBHMIQ@)XGSY`TAKAK@SÆ 
BUSBJWBDBOJKB©S­KZB©IBUB°BUSVCBMB©CBM­U]]]]

R@DHOU$9X2SS@D\@MUpDHMHU1Z:L@MR
TPQJWBJ°ZBTUBUPK¸­OB©WBWSFOJSWJ´´BN­OBTBÁ]

LLD3XGHLHSe@\RØHU"XTHSJ@QJLÆ 
NBNFUZBIBNJUJQS­K¸BÁTBµHBWJDZVUJL­SBLBN]]]]

CD5XTU@B 
EFWZVW­DB]]]]

2U+O$QG@DHÃM1OSD2UQ@)Xe@/2XSDÃU@MÆ 
TWBMQBJSBIPCIJSO®QBUFTWB©S­KZB©QS­QTZBUFCIBW­O]]]]

G3U@HQO4M2NHKSSUS`ÃHUXHS 
IBUW­SJQÄOBTLIBMJUB©UBWBUBUSBCIBWJ¹ZBUJ]]]]

LSoÃ4XR,e@/XI-LCDU@HbU2US 
N®UB°DBCIÄZBÁTBNQS­QZBKBONBEFW­EWJWBTWBUBÁ]]]]
%FW².­I­UNZBNPage 149 of 150

R@UH:1J@DLMTM@1LÃU@-ÃTHUÃHUXHS 
T­WBS´JLPNBOVSO­NBCIBW­OCIVWJCIBWJ¹ZBUJ]]]]

U$9XUX13UX@XoUQ@D2L^@DHÃU@H°#S 
WBJ°ZBWBSZBUWBZ­ZB°DBWBSPTNBUUPCIJW­¸DIJUBÁ]]]]

SeX"#@HLRHRµ$SU\@MÃHUXHS 
UB©QSBZBDDI­NJTB©TJEEIZBJUBWBK¸­OB©CIBWJ¹ZBUJ]]]]

L@J1ZEDXU@B 
N­SLB´ºFZBVW­DB]]]]

ÅHSC_U@SX@DCD1U(XV@HÃKHSUQLÆ
JUJEBUUW­UBZPSEFW²ZBUI­CIJMB¹JUB©WBSBN]

AÃ4U@-SHG1S@R
@DÅX@S@>X@LHÃuTS@ 
CBCIÄW­OUBSIJU­TBEZPCIBLUZ­U­CIZ­NBCIJ¹¾VU­]]]]

UCD5X@UQK!7U@RTQV<H`X1Ã
FWB©EFWZ­WBSB©MBCEIW­TVSBUIBÁL¹BUSJZBS¹BCIBÁ]

R4X@1Ù-LRL@R@
R@UH:1Ã1HUS@LMT 
TÄSZ­KKBONBTBN­T­EZBT­WBS´JSCIBWJU­NBOVÁ]]]]
%FW².­I­UNZBNPage 150 of 150

ÅHSC_U@SX@DCD1U(XV@HÃKHSUQLÆ
JUJEBUUW­UBZPSEFW²ZBUI­CIJMB¹JUB©WBSBN]

AÃ4U@-SHG1S@R
@DÅX@S@>X@LHÃuTS@
CBCIÄW­OUBSIJU­TBEZPCIBLUZ­U­CIZ­NBCIJ¹¾VU­]]

UCD5X@UQK!7U@RTQV<H`X1Ã
FWB©EFWZ­WBSB©MBCEIW­TVSBUIBÁL¹BUSJZBS¹BCIBÁ]

R4X@1Ù-LRL@R@
R@UH:1Ã1HUS@LMT
TÄSZ­KKBONBTBN­T­EZBT­WBS´JSCIBWJU­NBOVÁ]]

“(Ÿ?
]LM²NPN]

2UH2Sr(L@J1ZEDXOTQ@:DR@UH:1JDL-U-SQD
]]TWBTUJ°S²N­SLB´ºFZBQVS­´FT­WBS´JLFNBOWBOUBSF

CDU(L@G@3,XDRTQVU$9XX@DU1QeC@MM@L
EFW²N­I­UNZFTVSBUIBWBJ°ZBZPSWBSBQSBE­OB©O­NB

`X@DCY@D7X@X 
USBZPEB°PEIZ­ZBÁ]]]]

r(RÏYS(CDU(L@G@3,XRL@ÏLÆ
]]°S²TBQUB°BU²EFW²N­I­UNZB©TBN­QUBN]]

?SSÆRSÆ?
]]PNUBUTBUPN]]