!"#$%#& "!'& ()(*+*',-.

*/
012/+/' 343$ 5*!&/6 7/$+/6
%+-&*/' !41%+-.*/8
!"#$#%&'(
%)*+,- ./0102
!" #$ %&'(. )*+", -"./0"12, 3#'# 4,2#15# 2&65#15("'*
#$*0'/0. 705, )*+"8 29:$- (0&6:"*"', ;-<# =0&("8* >"#*"',
3#'# 4,2#15# ?$/' 2(0*"', <@+$8 -"A0$6=0"*"8, 8$ 1*$(0$,
=0$A0'-"#"1*$.
2
)*+"' ).1" (0&6:"," B2'#*+&C"' 3#'# 4,2#15#," &C"A:'
=0$A0'D&,"-2, /'6#"-$C$/0" =0$A0'&,"1.
'23-45- 406*/,7 8,2920:;07 <9., 6*2, <-,2,=), >/?,7
01,@)* =;08,2,4A3+,2,2
3

)*+"' 12 B2'#*+&C"' 3#'# 4,2#15# E1" D$1*0'A*5, 2F.

4,2#15# 1$/'*"8 ?",&,$(0$8 6&<, '&A058 <6*$/0"', (0"C$=05
6#1"'8=:2 /'," 6#","=:" )*+"8 $C"A:' =0$11:1 &65#15( <6(0 G&(. 1:1.
1:1 ;-<# =0&(", H#2< *"=5' I28 =0",&($/05A*58 D$D$8 2=0"("A*5' D$1$/0.
H *"=', >@$," )$,='<8 21$/0" =05*+&6:" (0"C$=058 21$/0.

!"#$%#& "!'& ()(*+*',-.*/

012/+/' 31&1""1 4*!&/5 6/$+/5
%+-&*/' !31%+-.*/7
!"#$#%&'(
%)*+,- ./0102
!" #$ %&'(. !"))" *+,-./0)"* 1)+#2-# 3#'# 2$."(&45".
*+,-./0 #+67'#"' 87-, *95", +:;$. (7&<;"9"', =+(+<<+
>7&(",* ?"#9"', 3#'# 1)+#2-# @$6' +(79",, 87'+A$($#
+;"8795"2/29",)"*
+;"<$;"67'9",)"*
87'+67'#"9"',
,$
29$(7$) >7$87'."#"29$.
2
*95"' *B2" (7&<;")" C+'#95&D"' 3#'# 1)+#2-#)" &D"8;'
>7$87'E&)".+, 6'<#".$D$67" >7$87'&)"2.
1:1 *+,-./0 %&'( ?"(&45"', +67-6-67'9", &E$E$67. F<(7 G<-#2-(. 16:1-3.
1:1 =+(+<<+ >7&(") H+, >7")&($67-89-, E$E"' I&>/?-D+/ 9">', +2$67. G
9">') ?4$)" J)/:+/, (3'D&D+#2&D$,) +2/,$) ;&95"' E$2$67. F<(7 G<-#2-(.
16:9-40.
1:1 ;"8795"2/2$) ')$,$K@", E$E 6'E$;"' ;"8795"2/2"' $>;+ @$D&;"
;-.9", &2/@$67"2"' @$.&;-)", /2;&D" ,"95&D"' /<+#>-<$) +;" 97'67".
1:1 ;"<$;"67') /2;&D" ,$ 6'E$;", ,"95&D"' ?+&>-D$) +;" 97'67". F<(7 H+,.
16:1; 1 *+,. 3:8,12.

!"#$%#& "!'& ()(*+*',-.*/

012/+/' 3#&#$$/ 3*!&/4 5/$+/4
%+-&*/' !61%+-.*/7
!"#$#%&'(
%)*+,- ./0102
!" #$ %&'(. )*+", -"./0"12, 3#'# 4,2#15# 2&65#15("'
#$*0'/0. )7$ )285-9:* #2/0'#"', 2705, )*+"8 2;<$- (0&6<"*"',
=5(5##" >0&("8* ?"#*"', 4,2#15# @$/' 2(0*"', 9A+$8
-"70$6>0"' B$1 17$*"8, 8$ 1*$(0$, >0$70'-"#"1*$.
3
)*+"' ).1" (0&6<"," C2'#*+&D"' 3#'# 4,2#15#," &D"7<'
>0$70'B&,"-2, /'6#"-$D$/0" >0$70'&,"1.
%)345/5*1065, 78),/,* 93:3--, ;,-/,< =>=. "=*: ?/@,<
A0B/5* 7,2,+84)02,2
)*+"8 1$70'-9(0"<' >0"#2, )*+"' 12 C2'#*+&D"' 3#'# 4,2#15#
E1" B$1*0' -"1"7<$, 4#$?& 6<58", 4,2#15# 3#'#><"
7<570*0'D$/0"' 70'2<"8,", 7<'(0"/0'D$/0"'
1:1 )285-9: %&'( ?"(&A+"', 2/05/5/0'*"8 &B$B$/0. F6(0 G65#15(. 16:1-3.
1:2 =5(5##" >0&(", G#29 *">5' H28 >0",&($/057*58 B$B$8 21$/0. G *">',
?A$," )$,>'98 21$/0" >05*+"6<" (0"D$>05 21$/0. =5(5##" >0&(", & *">'8
2>0"("7*5' F-9# @$;<"8 >2(5891, 175-><" 6"I$A+"', 2198$, 1$/0"
>0$>05><$6<" (0"D$>05><" 21$/0.

!"#$%#& "!'& %()&*+' ,-&-.#/

,-%()0*+1
!"#$%& '()*)+
!" #$ %&'(. )#'# *+,#-.# #$/"+"0"(&12"+"3 4&5, 62&4#$3
#$78&9/&:;"' #$78"#. <8' -(;":;.' =;$99"(&12"+" >,(,3.?,
7$($# /"8'=8"3 @$@6"' ','?" @$/"+"':;.,6"+"3, 2-A$46;.'
B40,5, *+,#-.# 4&5 -" =;$99"(&12"+" B+6,44, -A$ C,3.05D*
#,:;'#"' 3$ -6$(;$+ =;$A;'0"#"-6$.
3
C62"' CE-" (;&48"+" F,'#62&?"' )#'# *+,#-.#+" &?"A8'
=;$A;'@&+"0,, :'4#"0$?$:;" =;$A;'&+"-.
,-#. /(0%1 2)3(4# 5%+%$67")+%1+% 5%+'.4%"#+%1+%
4

C62"3 #5(;"8' /$6;'=8", ',:':;' #"A8$ /"4$-, #, C62,

@$-6;' 0"#"A8$.
5
!$9& 48.3" F,'#62&?"' )#'#=8" A8.A;6;'?$:;"' ',8"3+"
C62"3 ,G8$0 (;"48" 4#-"'3, A8'(;":;'?$:;"' &0$',8"3+"
E=;"H&+ /"6"#6$:;"A; &+$. 6<8.A;6;'?$:;"' -,8"3=8" :;'#"
'=;$-0"6;':;, *+,#-.# -$:'6"3 /"+&+$(;$3
2 C,3.05D 54(; I.(. 1:1.

D2-&/0. 4!$>& 6:58" )*+"8 >'C&<, =0$/0"*0'C$8 $6"=:",

4,2#15# 1$/'*"8 ?",&,$(0$8=:" <@+ 2J$C*"8 &D$D 1$*0'C"'
1$=0$*2*$/0, 1$/'*", =0&J?"*"', (&@+" ?2 128$:"',
A:'(0"/0'C$/0" 1$/'*"8 &,$(0"' <@+ $6&A0*+" 1$D$6#"'C$8
6&<. 53#'# 4,2#15# :5-"' $A:"D1$8 6&<, )*+"8 <@+ 2J$C*"8
&-">"' 12>"C"' J"A:&/0"' 12/0"C"-&/0, 2/05' ?",2(0$1&/0"8
$=:2 $/' *"(0$/0"8 1<1"'. 6H,"'D1"' ?$-2A:&/0", 2D$1*0'A*5
1<1"' $C"A:' =0$?","1D2-&/0"8 6&<, 1" D$1*0' -"1A:$C"' &,$.
!$>& 6:58" )*+"8 <@+ K=05' A:' $(0"/0',"8 2C"' $C"A:'
=0$1D$,2/0"-&/0. 74,2#15# $(0"' =0&D$8 D$=:"=:$/0"8=:" 1"
1A0*+" $D"-$@+$/0, 126#"=:5>*",2 =0$1-2/0"/0'/0"* )*+"8
$C"A:' D$-"C$/0"A*58 1<1"'. 8B"*"A:$=:$C$/0" 6#1"'8,"
/',$:5C$/0" 6#1"'8," ./0'#"' )*+"8 $C"A:' D$-"C$/0"A*5,
=0$1"C2/0"#$/0. 9)*+"8 2/'*"(0 A0"-"' 4,2#15# ,2/0"/0"9"=:"C"' $'*$/0", 2/05' ?",2(0$1&/0"8 1<1"' =0$>/',2/0":'&/0. 10)*+"8 2/'*"(0"' 2/05 =0$?$#=:" $/0"9"=:"D1$,, '&A05*"82 L:$(0"82 D$:", ?"=:" ?$ $A:$*"?",
4,2#15# 21<1$/05 $:"L:"/0 L:2/0"'95C$, &,$.
11
4,2#15# 1$/'*"8 ?",&,$(0$8 6&<, )*+"8 1",2 :"*+$A:',
=0$1(02/0"#$/0. )*+"8 /'*"(0"' $'*$/0"8 1<1"', & :"*+$A:',
=0$1(0$#$C"' J"A:&/0"' 12/0"C"-&/0. ;@+$, &,$ 2/'*"(0,"
?$-&<8," &1<1"' :5- 6#1"',2 ?$/0"9&=:",",. 12)*+"8 &,"'D1"'
?$-2A:&/0", 1" &6","*"' 4,2#15# D$/'/0$*"', 6"6(0&/0"*"8
)*+"8 2(0$1"C$/0"A*5 D$1*0' -"1A:$C"' &,$. 13705
A0'/'*"82 4,2#15# &,$(0 *0'/0". 4,2#15# A0'/'*"8 &,$(0
?$*0'/0", A0$6=0&/0"8 <*+$(:"/0" =0"J&,"', A0'8$=:5>"'
A0'=0"?$/0"C"@+$," =0"J&,$A:', ?$?"*"A0'*$/0", &,$. 4,2#15#=:" A:5A0*0'C$/0" A0'2:" ?"*0'8, )*+"8 <@+ K6#" M0&6:"'
1$=0$?",2/0"/'/0&/0",
8$*0',$8*
-">"'
A0'/'*"8
=0&,2(0*+&/0. 14)", )*+"8 29:$-*"' D$1*"8, 1A0*+"*",
$D"-$@+*"-", :"*+$A:', 1" =0$?","1(02/0"#$D1$8=:" )*+"8
K6#" M0&6:" 12A"#$*, )*+"8 2(0$1"C$/0"A*5 D$1*0'
-"1A:$C$8 6&<.
1:13 8$*0', &,&6$J?"=:" *0$1$8, 1$,='J?"=:2 8$*+$, ?$-&:5,", &,$.
1:14 A"#$ ?$/5,"8 $'&#" D$D"' $6"=:" J/0"1:$(0$,", &,$. G'D$:"8 6&<, 'C" /5,"
=0"6D"-$C"' '-&<8", $'&#" D$D"' $6"=:" J/0"1:$(0$," &*0D", &,$. H
J/0"1:$(0$,"8 =0</0"A0$6=0" =0&C"," '&#", ?",.61$D1$,.

"3*4 5)657/7*1087, 9:),/,* ;:4:<<: =,-/,> ?/@,>

9,23+.47,)*2,2
3

!$6' 87'>7">; >7"#+, #+ *95" E$297' ."#"8;$. 4!$?+67'+

87- <#2"',+ <&/ *95", #$@/(7";'>;", 6'8;'&67->;" #/(7";', 5#$?&
<;-," &<")" ,&.", >7$E/67"45&67"' ?4$)" D"#$.", ;-."'
>7"K&)$8;', #" ."#8;&67",>;" 87'+;&95" 9"(7$67"87 &)$.
6
*95", ;-."' 87'6'9", &E+'K(&67") 3#'# 1)+#2-# ?'D&/,
>7$@$>;-45$E2 ,&.", D"#$ @")")+67">7'E2$, #$E"6'67$.
7
G)"'E2"' 87- <#2"',+ <&/ #$@")"6'<8$#")") 2")"@, #$?&
<;-," ;"97'-(7"97' >7$#2$)&(795&67"' E$2,+, >7"K&)$8;',
<"':'9")", <"67->; B#2$,+, >7"K&)$8;', +87$<>7&67"
>7"@67"(7&67-,+, #$6' 87'+(7 @"<$2, 87- <#2"')+, #+67'#"9"'
*95", $D"8;' >7$@E+."9")"). 83#'# 1)+#2-# +8;'(7"67'D$67"
#$6' +(7"' 8;' 87'@")"#(7"67')",>;" *95") #+8$95&2.
9
*95",
#$@")/(7";')")
8;"D$67",)"
@"9"8;$>;$D$67"
<#2"',)" B67'#"', 8;'(7"67'D$67" D&95$K" 87'+;" @"<$2$D$)
10
&)$.
F2;&D"
D&95$8;')
@$."?")
@"9"87'8;$>;$D
87'(7">;$E2, 87'6'9")+ >7&K@"9"', @$,+ 87'@")+67",$#"D @+
E$,$;"', 1)+#2-# ?'D&/, >7$@$>;-45$E2 ,&.", ?"45
87'E$2$E2. 11G)"'E2"' 8;'67"' 87$<>7&67", >7$9">;$)")
3#'# 1)+#2-# 87'6'9", +D"' >7&)+(795&E2, :;$.," *95",
E$297'89- .&8;$D$, $>;+ /45$) &67"(7"<;"D$, <&/.
'2:-A6- *+,4,B@,102 320 C0),1087, 570<D7,2
12
L7'8;"D"' #$.&0, #8$9"), #" >7$#"97'(;"67" ;-.9",
B8;'&67" >7"K&)$8;' 67";'D$, +;-. >7$@")")&67">;$67").
13
G)"'E2"' M&0#&)$, +'D"89-' <)/2-)+/ +'97',&>;-9",)" &?)"
:;$. <#2"',)" D&." &."97'67, 1)+#2-# #$@")"."(&45")") &)$
;"97'-(7"97') >7$@>;$#2$)&(795&67"). 14GE D",$>;"', :;$.9",
;"97'-(7"97' >7$@")"#2$)&(795&67", <&/, #8$9"' C+'#95&D$)
@$6' +(79", BD&95$K"9", &6'9", @$>7&;"2$@", ,$E$D"9"'
*95", +6'E$;"9") D&95 6'89-D$67">;" &67";'9"' &'K(&67.
15
L7$<>7", 87'67-D$,)" @"E$95&D$,)" &6'9", &)$(79"',
1)+#2-# +>7"K&) @$67";'9")")+ E$;"9, &' D",$>; :;$.9",
&6'9", 8;'67" @")&)$(7$, <&/, 1)+#2-# +>7"-

)*+"8 2;<$- (0"6<" 6#1"'82 &-$70'2<"8," .>0"J&, @"*"1*$/0".

5
GB -"?" 7<570*0'D$/0"8," 7<'(0"/0'D$/0"8," @$><$70'2<",
<"*+$7<5'
)*+"8
'&7058
>0$B$70'-2/0"*+&@$,$/0",
>0$@","70'21$B1$8 70'B$/'/0"', 70'@","6&6(0",", &,$.
=0"J&,$7<5' >0$705D"#$/0"8 2/'B$<" 70$6>0"*"8><" )*+"8
7<'/0"' >0$70'-2/0"*+&@$,$/0"8 2>0"J&, @"*"70'*$/0".
6
K'D"9 6#1"'8><2 >0"J&,$7<'8 7<'/0" >0$*"><$, ;<$D&*+$J"82 &D"#$ @"6$1. G,"'B1"' 70'&?"A+2 B$*0'/0,
>0"J&,$7<', @"*"70'*2, )*+"8 $D"7<' B$-"D$/0", 70$6>0"'
>0$@$A0'/',$<5/0" 8&-"8 B9/0"A+&/0"'. 7L<' 1(0"/0',"
F6&-,&#"'* >0$??"(&A+","8 >0"J&,$7<', 70'2/0"7<&/0. GB
27<'&/0" >0$70'2/0"><"' 70$6>0&/0"><" 4,2#15# -"(&A+". 8GB
70'27<'(0"/0'D$/0"' )*+"8 M6#" N0&6<" $?"A+ >02><$,"8
2>0"J&,2 >0$12<51&/0.
9
G,$70, 705 70'2>0"J&, @$@"*"1*$/0" 8&-"8 B9/0"A+&/0"',
)*+"8 1$70'-9(0"<'D"' *"1$D"A+$/0"6. )*+", @$-&9, 2>0'/0"'
>0$A0'/',2/0"<5D"'2,
M6#"
N0&6<"
$?"A+
>02><$,"
@"*"7<$><$D$/0"," /'(0$1"D$/0"," @"><" 70'2<"D"' 19(0"<'.
10
GB$/0'8
(0"D$>05
6#1"'8><2
C2'#*+&D$8
$/'
>0$@"A0'/0"<5', 9A+$8 70'-"70'&7"' 70'@9><5B1. L0'7<","
<5- ?"/0' 6#1"'82 7<'/0" >0&*"><$B1, )*+",2 D&*+$7<5'
70'7<" @"6$1$B1. 11!$? B$B$8><2 19'J$1"D$/0"," B$<&/0","
70'2<"D"' )*+"8 B$1*0'7*5 @2<" (0"><$D$/0"' 2<"8><" @"><"
70'/'*", $/0"6$1"D*"' 5,"*0'. 12O'7<'&/05><2 )*+"' )$
(0&6<"8 B$1*0' -"70'7<. P"-$D", @$?"B$<" I<$6<"8* )*+"8
9A+ 2;<$- (0&6<"*"8 <"*+$7<5' &-2/0"*+&@$,$/0"8><" 705,2
<&*+" >0$70'(0$#$D"' >0$70'-2/0"7057&/0. 13L<'D><$/0"8
2191$/05 $<"I<"/0 1$>0$I<2*$A+2, M>05' 7<' $(0"/0',"8
2191$/05 $<"I<"/0 1$I<2/0"';'&/0. 14M>0' &,$ (0"' >0&B$8
B$><"><$/0"8><" 1" 170*+"*", @$B"-$A+$/0",, 126#"><5?*",2
>0$1-"@$/0"/0'/0",.
'28-B3- ?/@,< C5065,/5*65, >-B,*<8 =>45, A0)
15

4,2#15# )*+"' ;<$-*"8 &8$(0"/0',"8 2705 196(0" 2<.

KA&,$ )*+"8 >0$/0"*0'/0" 6#1"'82 &670" B$<"'
1:7 F6&-,&# =5(5##" >0&("8 B$<" I$($# @"<'><", @"*"@$B&/0", &,$. 1:12 D"-$D",
@$?"B$<" I<$6<", )*+"8 2 )91$/057*5 &,$.

4&5, C62"3 A8.' =;$-0,A8"+" 4#-"'+, & :;'#"?$:;"' .++" -"++"

/"0$-,8"3
?&62$H"
=;$9:'+,:;"8.?"'
#5(;"8'.
7
J,A8'(;":;'?$:;"3=8" ,?"' #$H:;":'A8'&:; $=8, #$H:;":'A6'&:;, #$9& 48.3" ., #A$, C62"3 ,G8$0 (;&48"6"3 &:'
H:;"4#"0$12$:;.
,-#. 8*'&61 9-' :6.61;* 5%+'.4%"#+%+
8

B+$A;, *+,#-.# -$:'6"3 /"+&+$(;$3 4&5, 4A8"? 0&5+

'?&A;. 40"#A8$?"' :'A6.?$:;" #,8" 4"-3,, 9A8'(;":;'?$:;"=8"
#$=;$.(;"8'?"' ?&62 =;"#"A-". !", %&'(, #$(8$1;"' $=8, )#'#
*+,#-.# #$/"+"0"(&12"+"3 4&5, 62&4#$3 #$78&9/&:;"' #$78"#"',
10
#=;. K?5#,3 4&5 #$.(;"8', #$9& 48.3" 62&4#$3 #$78"#"' &+
#=;. 0"9"' 6;':;". 11L4"=8" .+=8" K?5#,3 ,A8'&:;" =;"=8.@-$:;"4*, &' 91$ .+=8, #"+=8, ,A8'&:;" =;"=8..
12
B+ #4#" 0"9"' A8' #(;":;'+"+ 91$ =;$40"#":;"=8.12$.
13
I;"H&+$A8'+ /"+"/:;"8'+"3 4&5, 62&4#$3 #$78"#0", .
478$48"=8" 8"4$8":;' =;$#0"6;'?"' #&9"12 @$/:;"8"?"'
#$0&5@-$:;, 14&' . '3$9"' &+ #" #A8"?"' #$0"E:;"4, .
',A8'A8&:;" 5:;"/$:;" 6"3$(;"', . &+ ',:'&4"' 4A8"?$3 4&5.
15
3$ '&6;-" :.+"=8" K?5#,3 =;$H:;.9"=8$:;"' /$=8"6;':;"+
16
'?"8'-$3 0"9"' 3$6;'12"', &' '?"8'-$3 ?&62, ?&62$A8'12"',
A8'
4(;":;'+"
-A$
0"9"'
5:;&A8"3
H:;.-$12$?"'
=;$78"=8$?=8, 3"6;'. !"+=8" &+ H"' (;&48"' @$-, .+=8, &@ ?&62,
?&62 (;"48"12, G8$0 0"9"' $=8, F,'#62&?$+ /$:' ,(; 4A$
0"9"'.
17
!$=;$H9"(&12"' #$.(;$-"3", #" #$/"+5H:;"H(&:;"@-$:;"3
0"9"', &+, 5:;"H(&:;. 18F$:.+"=8" ,E:;" =;$.=8$:;"3", 5 ',78$0"
-5(;3", #" &+ =;$#0":;&/. 19!", %&'(, &+ #" .#-$12$@-, #" #8"=8"
#"-6$, &' *+,#-.# ':' /"+,(;$3 4&5, #,78$0" . /"+"4-5(;$+
=;$.#8.?"' ,@$=8&:;"4. 20B+$, #A$, F,'#62&?$3 4&5 ',A8'&:;"
=;$#":;"=8. F,'#62&?$+ ':' /"+,(;$3 4&5, #$:' :;"4#"0$12.
21
J=;$/"+"#"9"8'@-$3=8" #,G$62" 4-5(;"' =;$40"#"-6$.
!$=;$/"+".(;"8'+"3 ?&62, ?&62$H" /"+"4A8"@-+, #"A8".
22
M"3$=8 :.+"3=8" #$.(;"8': 62&=8"@ :.+" =;$#0":;"62&/$+;
#$9& 48.3" C62"3 A;'=;$/"+"#05(;"8':;"3 ,4":;.=8 0"9"'
#$=;$A;',-$12$?"' #$@":':;$.
11 ,A8'&:;" =;"=8.@-$:;"4 K?5#,3 =;,=8$+"+ /,A8'&:;" =;&=8.+"+ &+$.

"9*: >/?,7 8,2.:;,)*2,2

15

H,$A0, B2'#*+&C"' 3#'#=:" A:5A0*0'C$/0"' A0'2:"8,"

A:'(0"/0'C$/0"' )*+"8 29:$- (0&6:"*"8 &-$A0'2:"8," .=0"J&,
?$?"*"#*$/0"8 D</0"@+&/0"', 16)*+"8 #<(0":' ?$*0'=:",
A0'2/'/0' #"A:$ $=:2 A05D 6&< )*+"8 D$1*0' -"#"A:$ ?"6$1.
17
)2 B2'#*+&C"' 3#'# 4,2#15# 2 )*+"', D$1*0'A*5 ?2:" )$
(0&6:"8 #$?",<(0":',",, A05 <@+$, C&*+$A:5' A0'A:"C$8 6&<,
<@+ K6#" M0&6:"' ?"*"A:$=:$C$/0" 12:"' ?$/0"*0',",2, )*+",
?$-">", =0$1-"?$/0"C&-",",2 A0'/'*"8 =0&,2(0*+&C"' &,$.
18
70'/'*", =0$/0"6(0"@+$C*"'2 )*+"8 #<(0":'. HD -">"'
#$?-<(0":',", /'/0&6:"' )*+", =0$?-$A05>@&/0", A0'A:"C"'
&,$, 29:$- (0&6:"*"8 1$,./0'#"' D$1*0'A*5 ?2:" :"*+$A*5'
=0$1(02/0"#$,",2 19A0'A:"C"' &,$, 1", A:5A0*0'C$/0" ?2:"*"8,
1$/'*"8 &,$(0"', )*+"8 2(0"=:$C$/0"A*5' /0'C" ?28$:",2
20
A0'A:"C"'
&,$.
H
(0"=:$C$/0"A*5,
?$-">",
(0"=:$C$/0"A*5'
)*+"8
4,2#15#
(:&/0"*"8
=0$?",&*2/0"1">@$=:$@+"',
2>@&J/0'=:"
'&A058
?",$D$?$/'2/0"1:$#*+&/0", &,$. 21:"A0*+"1<1*"82, 1<1$/05 ?2:"
6#1"'82, =:5L:"A*5 6#1"'82, 6"D" 6#1"'82, 8$ >'C&<8
28$?&=05' =0"=:5D1 >'C&<82 ?2/'/0' D&A:$," 9:" 6#1"'82
)*+"8 4,2#15# &6A0" $A:$/0. 22)*+"8 D$:" 6#1"',2 4,2#15#
$(0"/' L:"/0 L:2/0"'9'2, ?"=:"82 &6A0" D$:"C"'2, L$($#
?":'=:"8 $A0*+"' D$1$C"'2 $/0"C"-&/0. 23N$($# ?":'=:",
4,2#15# $6=0 -">. 4,2#15#"' 1$>"=:2 D$:" 6#1"'82 D$=:&/0" ?2
.8$:"', 2=0'/0"' ?$/0"*0',", 2=0'/0"' L$($# ?":'=:"8 *"(0.
B>CD#$#%&'(
'23-45- 406*/,7 920:; 8,2,/;*6;,7 <9., 3=),20=),*
40=;9:;+0E?06;,* 40/;*6;
70'2J?">@&/0"," A0'26#"=:5>*"8," =0&*"=:$=:", (:&/0"*"8
A0'&-">"' A0'D$1$/0. 2H :5-*"8 ./05/' A0',$=:5D1$/0. O$
>'C&<8 2*"J?"@0 :&< A0'1<1"', @+$J/0"8 1<1$/05 D$?2:"
:"A0*+"1<1"', >@$C&69:"'* )*+"8
2:2 @+$J/0"8 1<1$/05 D$?2:" :"A0*+"1<1"', >@$C&69:"' A"F1&C$, &,$.

K&) &67";'. 16G<")"9", &6'9", @"E$95&D$67" &)$(7"',

6',$>7"K@&67">;" 1)+#2-# +>7"K&) &67";'. !+;"97'-(7"97'
?4$)+ D&95 E"A$67'&/' &8;$D"' &6' 9"(7. 17G?)"9",
8;'(7"67'D$67" &6'9", @")&)$(7$, <&/, 1)+#2-# +>7"K&) &67";'.
1)+#2-# +>7"K&)$8;' <"':'9")", <"67->; B#2$45$D"' *95",
#$@")+67"D".&67") &8;". 18G) ;-."<. G)"'E2"',+ ,$)"'E2"',+,
6'9"(7 K@&?4">;+ 6'9"(7$8;'>;+, 1)+#2-# +>7"K&) &67";' 97',",
#"6'8;-.
N>;+ #$6'8;- @"<$2$E2, 19#$?& <;-," *95", 87'@")/(7";')",
<&+0, 3#'# 1)+#2-# N<#" O7&<;" ;"<$;"67' >7$@")"#."97')",
<&+0, ,$ >7+D$, #$>7$@")"9">;$45$E2$) #"8;"87 &)$.
20
C$>;+ #$@2/'>;$2$95&D ;-. 6-)" E$,$;"', ?4$)+ #$?+67'+,
#$<#&',+,
#$(;",+,
#<>7$>;"
1)+#2-#
6'89-D$67">;"
@")"@67"(7"<;"D @"<$2$E2$, #$>;"97-<#$ $>;+ #$E"6'67$.
21
!$?& <;-," #" E$;"D$67" 87$<>7"' @$.&#;-)") 1)+#2-#
#$."("45"D$) &)$, #$(;",+ +8;'&67" >7$#">;$E2. 22G' ,$
<>7$, #$E$<#"'D"' E$2,", 8;'67" >7$@9">;$)" ;-. #8;"D
#(7">;$E2. G' & ;-.+2;', B@"' >7$9"#9$E2$) #8;")"<. 23G
;-.+2;'," #$)&67"@$. I$ ?'D&/, #/9$45$D$87, 1)+#2-#
#$)+67'#"D"' #8;-+67'. G) K">;" D&95$8;'. 24G' ,$ <>7$,
#$>7$9"D"D$) 87-)>;" D&95 E$>;"67"89-' E$2. 25GE
#$E$6'67"', ,$E ?"45$, #$>7$@")"D"45$E2)+, 6'8;'&67+67'#"' 87'+8;-8797'D$67" D&95 <$2" 97' @"<$2$D$, <&/,
87'&?"45 #$@")"E$;"E2)+ #"8;". 26GE$67', 87'&?"45
#$>7$@$>;-45>;", 1)+#2-# 3#'# >7$#.+8;"67" ;-.$, (7"8"'
87'E$6'8;'>;$D 87'(7">;$E2.
27
C">;",+ &<"' 1)+#2-# /95$(;"67" >7"K&)$8;', ."87'&8"'
87'@/>;'. GE$67', #$>7&>;-' 87'#(7"67',", / #$E$,$;"'
87'+>7"K&) @"9"#9$,", @$6'-@$<#"' 67-6' @&D>;", 87$<>7"'
87')$>;-', 87'@"6')$;-', >7"K&)$8;-' 87'8;-87 97')", <&/
28
+D"'
87'@"?"(&45"',
>7$87'<"':'9")",
@$>;+
87'@")&E$,$E$D")")+ #8;"E2. G9") @")">;-?$45$E29")+,
87- 87',$>;-?"' 87'>7$@")"D"45$E2)+ 87'+@/>;'&>;" D&."'
&)+67"(7"67'E2. L7',$>;-?"' 87'>7"@$67"D"45$E2$) *95")
&)$. 29!$?& <;-," 1)+#2-#>;" 8;-8797'D$67" 87'+;"D$,
+,$@&>7-', 1)+#2-# <&+0 >7+D 87'E"A$D"' *95", $D"8;'
E$."D$67">;" .+2 87'+8;$67. 30!" K"D"D$, #$9"2"'
@")"87'(7"67'67", ."?"', 87-)+ ?4$ 87'9"2, ?4$)+ & K"D"D$,
#$@")"9"2$) @"9"87'9$67.

M>05><" @&?A",",. 16)*+"8 4,2#15# @"><",2 >0$,2/0"/0"*0'/0,

'&70582 I<$(0"82 B$<" 6#1"',2, ;<$-*"8 &(0"/0'," <5-*",2,
&8$(0"/0'," <5-*",2, 6&I0$*+" 1<$#$6<"*"8 191<$#*+"*",",2,
6&B"*",2, <"70*+"191*",2, 191$/05 @2<"*",2 )*+"8 9A+ M>05
@"><",2 >0$,2/0"/0"*0'/0, M>05 2B$1*0'7*5 6&2: B$<"*.
17
G*", @"><" @$B"8$<"*"8, =05 (0&6<", B$<&/0. FA+$82 @"><"
@"><9'J$1". 18%>0"' I$($# @"<'><"8 $70*+", 9A+$, &,$. FA+$,
&,$ I$($# @"<'><", @"19@$/0"';'&/0",, &6","' (<&/0"*"8
>0&*"1"?A$><$A+$/0",2 9A+$, &,$. G,"'B1"' @"><"8><2 &6",",
9A+$, &,$. 19!$?& 6<58" )*+"8 2/05' $(0$1&/0"12, 2B$1$><"
@"><" M>05 *"(0 *0'/0". 20N0"' M>05 >0&B$8 B$><"><$/0"8><"
)*+"8 @"7<'A+$D$/0" $/0"*0'@", <5-"' M>05 $7<&/0"8><" I<$(0"82 '&70582 B$<", @"><" 9A+$8 97<'A+$/0"' $/0"*0'D"'
2/05' $(0$1&/0.
21
%&#"8 )*+"8 J"' 70'6"I$A+"' 70'B$1$/0&/0. L0'/'*"8><"
70',26$9' J@"?A&/0"*", 70'7<"B1$/0"*. 22G' 70'/'*",
>0&J@"*"', (&A+" @2 70'28$<"', @$82 70'@",2/0"8$#"D @2
B$8$<"', )*+"8 9A+ $6&70*+" 70',2/0"';5D$8 6&9, 4,2#15#
($8," (0$8," >0&*"*0'><$/0" 6>0$ 2<"' @","(<&/0"8><" ?A$ 9A+
$70*+"><" 70'97<'A+$/0"' 70'2/0"*0'/0. 23G' 70'2<"*+$7<'
*0'D <5-*"' >0"J&,$7<5' @"*"70'*$/0"8 70'@B2/0"/'/0$/0"*"8 @$82 @$*970'8$/0"/0"D"', 7<570*0'D$/0"8
2/05/' 70'198$><"' 70$6>0&/0"><" 70',$><5D -&9. )*+"8
-"(&A+"*","8 & >0"J&,$7<', 5705 I<"/0$8 B$6#"'," ;<$6#1"'82 &,&/0"<'/0. !", %&'(, & >0"J&,$7<'8 #$-"(&A+".
"=*: D0:0- 7,)*C),< 7,2,+,:=E@,2,2
KA$ #" #27<'&/0" 705@/0"><$@", >02D #B"I82, #"/'7<5, #$?&
6<58" /'@"A05/0'*"' 4,2#15# $6>0"' I$($# @"<'><"8 #27<'&/0"
9@/0"><$D$8 6&9, #7"I$D*"' >0$#-2/0"D"-&/0"*", ?A$ #"
#6>0$><" 2#"/0">0'*. 25)*+"8 <5-"' #670" >0$,2(0*+&/0"8
191"', )*+"8 2>0"J&,$7<' 2>0'/0"' 705@/0"<'D$8 6&9, I$($#
@"<'><"*"8 #&-"(&A+". 26G >0"J&,$7<', J("><$/0" (0"*0&D"*"8,"
(<"7<"/0'*"8,"* &B9/0"A+&/0"' 70"-$8 -"?"' )*+"8 ;<$-24

1:26 (<"7<"/+' 2(0"#270" 8"*0'.

<#=)+% 7"#$%& >#2)"%(%+

23

N4&0+&#"'* *+,#-.# )#'# /"+"0"(&12"+"3 4&5, #,:;'#"'

62&4#$3 78&9/&:;"' 78"#$3 A8'0"# =;$'56$12$. 24!"
=;$/9"(&12"+" O&+=,*, B+,#-&+6,, P,3&#,, Q'=;,* A8'0"#
=;$'&6$12$.
25
F,'#62&?"' )#'# *+,#-.# $?"A8' A;':'3" =;&@5+"0. B3,?.

23 N4&0+&# 54(; I.(. 1:7.

24 O&+= 54(; I.(. 4:10. 24 Q'=& 54(; I.(. 4:14.

<8$>":'*","8 &/'*"8 &,$(0$, ?","-&<8 1<1"' A0'?<=:5D1$/0.

3
)" 6#1"',2 & 9:$-*"8 1&*"1"', 126#"=:5>$A:" A"C$@0
?$=:"*056#$D1$/0" :5- 8$*0'C*"8 &1<1"' 1$6#"'D1$/0.
)26#"=:5>$A:" A"C$@0," 12/'6A$#"*"8," ?$=:"*056#$D1$/0"
:5-*", >/0"9&=:"D1$/0"*. )2A"C$@0 '<6(0$8", C"8$=:
9:$-*"8 1&-">"', 1",2 )*+"8 2/'J@ $:"L:"/0 1$L:"1$/0.
4,5
)26#"=:5>*"8 =0&*"=:$=:" (:&/0"*"8 1&-">"' 1$D$1$/0"
6"182, )*+"' /'=:"/0'C$/0"A*5 ?2:"8 A:'(0"/0'C$/0"A*5'
=0$1-$,2:"8 6&<, 4,2#15# 1$,2/0'#"' 1$=02/0"6#"'@+$/0.
)*+"8 $C"A:' D$-"C$/0"=:" 1$8$=:5>"' 1$=02/0"C"@+$/0.
6
4,2#15# 1$/'*"8 ?",&,$(0$8 6&<, &D 1$,2/0'#"' )*+"8
1$=02/0"1">@$@+$/0, &D 1$,2/0'#"'2 '&A058 1:$#$6:"
=0$D$121$/0. 7)*+"8 &,"'D1"' ?$-2A:&/0", 4,2#15# 3#'#
A:'/0"' =0$1-$,2/0"A:&/0"8=:" <@+ $C"A:' D$-"C$/0"A*5'
/0'C"
?28$:",
=0"=:5D1
(0"*0&C"*"8
.9:$-*"82
8
&,2/0"(0"/0'C$,
&,$.
)*+"8
$C"A:'
D$-"C$/0"=:"
A0'8$=:5>"' A0'=02/0"C"@+$/0, A:5A0*0'C$/0" A0'2:"
?","*0'/0"8 6&<. H, =0$?6=0$,$=:$/0", A05,"6, &, )*+"8 21$C
9
C&*+.
%::'
?","1A:&/0",
&,"6
1$8$=:5>"'
)*+"8
1$=0$?=:2/0"C"@+$,",. P:$-$, ?$D$8$1*0'@+$C$8 6&<,
)*+"8 & :5-$, &,"'D1"' $/0"6#$/0. 10!$>& 6:58" >@$
1$?","D$1$8 -">"' 1$?$/0"*0',", )*+", &,$. 4,2#15# 1$/'*"8
?",&,$(0$8=:"
)*+"8
12/0"*0'/0,
:5-$A:'*"'
)*+"8
=0$1-2/0"6#$/0&/0"*", >/0"9"=:"C*"8 6&<.
'23-45-=), @)5@;/;*106;, 83),/,2 80 :;,<=; 8,2,/;*/,2,2
11

H,$A0, A05, *$8" (0"6=0"' =0&(0-$/0"*",, A0'=0">&:'.

!'C"1 &A:$/0"*", (:"=:" #'C"1 &A:$/0"*", &,$ ?$-&#:5*",",)
A05, #'C"1 &8$A:$/0"*"=:" ?&>@"*","8, 8$, A0'/'
=0"@0'/0"=:$@+$C -&<: 126&#"8 4,2#15# A0'/'*"8 &,$8$(0"'
A0'6#"'D1$/0. 3?,&2( (0"6=0$8 A0'D$8$D"', )*+"8 &
(0"6=0$, =0$?",2/0"/'/0"/0" :5-*"8 &1<1 ?"?"/0$C$/0"*"8=:"*
:&*+" A0'28$:"', *$8"*"' A0'D$1$/0. G'/0&6:" A0'28$:"',
)*+", A0'8$A:"' 8$ >'C&<8 A0'1<1$/0. 13H' >@$, 4,2#15#
A0'/'*"8 &,$(0 ?","*0'/0"8 6&<, A05, ?"/5,"8 )*+"8 6"L$@+"'
D$1$/0"*",, 4,2#15# $(0"' =0&D$8 D$=:"=:$/0"8=:" >@$
)*+"8 6"/0'C"/0' A0'*0'/0.
2:12 ?"?"/0$C$/0"*", <6(0 I28. 9:4.

E?FG#$#%&'(
'2:-A6-02 320 H:*-/@3102
1)+#2-#"' 87'6'9", &)$(7$, 87'/67"6'89-K&? 38;'(7"67'D$67" 87'+6'>7&- >7$87'8795"E+9$)"K&? *95", N<#"
O7&<;" 87'6'9", &)$(7K&? J'."K"D$67")+ 6'>;"67'D$67")+
2
@".$87'+;"K&?
GE$67',
#+6'8;'&67+47'67">7':
87'+6'<8$#&>;" @$ -)"97', & @$ 8;'(7"67'D$67") 87'/)";,
@$6'-@$<#"' 87'E$2. 33"E$95&D)+ @$8;-8;$45$D)+ 87'6'9",
&)$(79"' @+ 87',$8;", 87',$<&6"'+ D",$>; :;$.9")
87'8795" @")"87'(7$2"45$)", D&95+ D&95 +D9"' 87'(7$2"9.
4
1"2+ /45 $8795" +;-. @&>7- /)",$<(7, D",$>; :;$.9", B;-.,+
/)"<(7.
5
L7'+6'<8$#&>;" 1)+#2-# 3#'# +6'<8$#&>;" ."?"' -)"97':
6
1)+#2-# 3#'# *95", +E$2$>;" 9"(7$67" <"2,+, *95",
."?"' @")"E$2$, /45 $8795" +8;'&67"
>7$)+67">;$45$D"' $'4 +2$67"<. 7G' /45$,
@+67":;$>;'+, ;-.2&K6", +E$2$>;" +;" 97'67". P;$.$,
."?"' 97'67", +2/<(7+ :;$.9", B2/<(7" ."?"' E$2$67.
8
F45$, @+67":;$>;'+, (;"D$67", D"#$." *95",
.";-)$8;&67, >7&E$, @$E$>;")$(;$95&67", D"#.
9
G)$87, *95", &) $67"+D+, :;" <#2"',+ &D&95
:;"89-)* >7$)+2$67. 10G)"'E2"' @$."97'67") 3#'# $:;"
E$297' .&8;"', E$;" <#2"')+ (7"6-D?4",$8795">;" 2;$#$D9") &)$, '&87-,+, A;$(7",+, A;$(7" A;"67$,+*
E$;"9") &)$, 11K@"6' <#2"',+ 3#'# 1)+#2-# @")"C+'#95&D$) @">;"," &<&8795" >7$E&;-D)+ &)$.
G)"'E2"'+ *95"' *$ (7&<;", E$297'89- .&8;$E2.

2:9 :;"89-) C+'#95&D"' @$.&;-)" :;"89-) &)$. 2:10 A;$(7" A;"67$, (;&67"9",
B?'D&/ &)$.

*"8 &,28$/0"7<&/0"' B$1$/0. Q$ '&*01"8 )*+"8 & 70"-$,

2;<$- (0&6<"*"8 &-2/0"D"-&/0. 274$8" (0"6>0*"8 B$1*0'7*5
/0"7<"/05D"' & 70"-$8 &-$*"(0$, )*+"8 2;<$- (0&6<"*"8
&,2/0"7<"D"' 2/05' $(0$1&/0. G 70"-$, 8&,$: 4,2#15#
70'/'*"8 &,$(0, &, 70'/'*"8 @",&,$(0$8 6&2:, B$1*0'7*5
70'2<" @","*0'B1$8 70'B$/'/0"', 70'6"6(0".
28
G,"'B1"' 4,2#15# 9*+$(<"/0" >0"J&,$, 1"/0"<'. 4"1," ;<$-2
$/' 4,2#15# 2(0"', @270$6>0&/0" B$><&/0" @2 @28$<" ;<$2>0'/0"'
)*+"8
$6&70*+"
2?/0"';5D$8
6&9,
@"><"
@"*"7<$><$D$/0"8><" /',$1"/0&<5 $><2 91"/0&7<". 29G,
@/0";"><"D$8 6&9, 4,2#15# @"><" (0"><$D$/0"' (0"7"'
>0$#*2(0*+&/0"8><" #270$6>0"' #"(&A+" $><2 #"'("'.
F?GH#$#%&'(
L05B 6&2:, N&5?2>29 >0&("8* ?"#*"' 7<570*0'D$/0" @2<"*"8
&6&2:, #" #$D&6" @$8$(0"/0'/0" 6#1"'82 &6&2: (0"7"'
#$@","(&A+",", 705@/0"7<"D"' #$-&:. 2N0"7"' #$@-"(&A+",", &
;<$-*", @/0"/'7*5D*"'2, 7<'(0"/0'D$/0"><" @$/'-@$6#"'
*0'D*"'2 &,$. G,"'B1"' )*+"8 270"-"' 4,2#15# >0&7<"D$8
6&9, 5#"7*5 @2<" @"*"7<$><$D$/0"' 2>0'/0", .<" *0'B1. 3R#"7*5
@2<" @"*"7<$><$D$/0"7*5 6#1"'8," 7<"D$/0"7*5 6#1"'8," 4,24
#15#
*"(0$*.
G,
>0$@-$70'&#<5,",
1*+&/0"6;<$/0"
/'B$<"*"8><" @$82 70'?28$*+$*$D"' &,$. 5!" #6>0$><"
70'&?"A+ #$B$8$<"82, #$/'," #6#","><" 70'&?"A+ #$B$<.
O0"6#$><"7<5' 70'2<",2 4,2#15#><" 7<570*0'D$/0"' 70'2<"8
26$1&/02 @$#(0"/0'><", #"/'7<5.
'28-B3- A0),1065, 8C5*65,2 C507,2,B8B02,2
6
4,2#15# 3#'# C2'#*+&D"' @","70'?&/0"8 6&9, &, 70'/'*"8
&,$(0"' 70'@9><'. 7L0'(0&6#"*", 4,2#15# *"A0'/0"(0$*,
70'2B$<"D$/02 &B 19A0'/0"1. C","705?/0"-

2:1 N&5?2>29 >0&(", =5(5##" >0&("8 >2(5891," 17-><" 6"I$A+"' 21$/0"

>05*+&6<" (0"D$>058><" 21$/0.

14

!$>& 6:58" <@+ 4,2#15# &,$ 1$?"?$/0"A:'@+$/0",. ;@+$,

&,$ 21:',* ?$ ?$A:$/0",2, $6=0$=:" &*"8" &?$-&/' >"(0$/0"
6$2C$/0"8 2>"6=0 ?"*"?$/0"'&/0",2. 15QC&A05*"8," *&J?"*"8,"
?",$1 )"',&1 *&J?", (0"C$=05=:" ,2/0"?$/0. 4,2#15# &,"'D1"'
?$-2A:$/0", 9:$-*", <@+$8 <A:'@+$C*"' $/0"*0'?", &
(0"6=021:', ?$ (0"6=0$=:"' $/0"*0'C"' &,$, 16?"6$2C$/0",2
=0&D$8 D2/0"=:5>"', 21:', ?$6=0$ *0'/0"', 4,2#15# =0&D$8
?","=:",$(:$*+&/0"8=:" &*", )*+"8 <A:'@+$/0"*"' $/0"*0'C*"'
&,$. 174,2#15# =0&=:'2, A05, )*+"8 6"L$@+"' D$1$/0"
9:$-*"82, 6"/0'C"/0' D$1$/0" 9:$-*"82, ?"A:'@+$C$/0"8
2=0"J&, =0$A0'2/0":'/0. 18!$>& 6:58" 4,2#15# :5-"' $A:&/0"8
6&<, & ?$ %#" M0&6:", 1$/'*"8 &,$(0"', 1" 121:'2 )$ (0&6:"8
6"/0'C"/0' 1$*0'C 1"(0"=:$.
19
H,$A0, *$8"*"' $=:2 *"*"#*"' A0'D$1$@+"6, &' )*+"8
29:$- (0&6:"*"8 .*"/0,$<*"' A0'*0'/0, )*+"8 2'C&/05
A0'D$D"'2 A0'*0'/0. 20H65#15(*"8," 6</0$8J&,*"8,"*
(0&6#"' &/0"'9'/0"8 A0'1<1. ;@+ 4,2#15# 3#'# &,$ (0"6#"
21
8$@05A*5,.
B2'#*+&C"'
3#'#
&,$
'C",
?"=:",2
?"*"?$/0"'95,",, <@+$,2 & 'C"8 ?","D$:"8 6&<, )*+"8 2'C"A*5
(0&6:" *0'C"' *"*05. 22705 4,2#15# A0'/'*"8 &,$(0"'
8$@05*"8 A0'&-">"', )*+"8 K6#" M0&6:" ?",$# 'C"8 4,2#15#
A05,2 A0'*</0"'95.
BF#D#$#%&'(
"9*: /07, :;,<=;/,7 )5+,* 9+3@)96;,7
=;08,2,4.6*A0),2,2
HD 6&<, #", %&'(, 4,2#15# 3#'# #$-"(&@+"', A05 *$8"
(0"6=0*"8* =0"J&,$A:', =0$?","A05?/0":',"8 6&<, *+&6#$8
#$L:&>?&/0"' #$L:"#.
2
)*+"8 $C"A:' D$-"C$/0"=:" :5- =0$A0'-"#A:"C"' #6A0"
=0$?",",2(0*+&/0"8 2=0"J&, ?"*"A0'*$/0"C -&<.
2:14 21:', >@',1*"8," 8$>@',1*"8," &,$.
2:20 6</0$8J&,*", *,2#12&C 6</0$8J&, ='6"' 3#'# $9:"=:" =0"/'D$:&/0"*",
&,$. ;6(0 H65#15(. 13:1; 1 R5,. 12:28-29.
3:1 *$8" (0"6=0*", 8$>@',1*", &,$.

I7*3876/,> 57*3+,=,* J)0+/,>

57*D709,23/,40=0D)0CA02
12

G)$87,
#+(7&<;"9"),
87'&?"45
#$@$E";",,
87'>7$#.";-)$8;"' 87'@")"E$2$67", ."?"', ?4$ 87'&?"45
#$@$E$,$;",+, &E D&95+ K">;" D&95 87'>7$#.";-)$8;"D .&/:
*95", +E$D&67- 87'6'9", &)$(7"', 87'6'9") >;"@"@9"',
87',$>;-?"' 87'>7$@")"D"45$E2$, (7"8"' $'4 87'+2,
13
#$?& <;-," /45$, +67-' $(7$2")" ;-.9", 87'&."/D"'+
47'67":">;"D9"'+ 87-@$67"(7">;$)") *95") &)$.
14
!$? 87'8;",+, 87',$295&'#$9"' $>;+ 87'/,$97$)"97$8"' 87'8;", 15(&45" @+ 87'+,$;"D$, $>;+ 6'>7"K@&67"
87'+;"D$, <&/. GE ."?"' @$97'>;", @$,+ 87'@")+67",$#"D @+
E$,$;"', :;$. >7&+67"9", $>;+ >7'&DA"9", 87'&9"2"', *95",
87')+K$D$E2. 16Q$;"D$67") 2+;" @$67"97')" 6'E$;"9") 87';"
+(79"', ?'D"/ 8;'D>;$, 47'&67-9", 87'&."?"' & :;$.9",
87'>7&9"($?$>;$E2. G)"'E2"' @$97'>;", 95&'($/' #$@")",$("45&67",
$>;+
#$@")",$'("'67",
1)+#2-#
?'D&/,
>7$@$>;-45$E2 ,&.", ?"45 #$)$6'8;-E2. 17L7- *95",
>7'),"D$<97"' ."87'8;$)") 87'+8;-8797'D$67 &)$. G
>7'),"D$<97", #+E$;"D$67" $(7 2/>;&67" 97',+, #$6'8;-E2,
87-)+ @">;" #$87'+67'#"' #$6'8;-E2. 18G)$87, 87-)+
87'+6-<"D .&/, 87'#+67'#"'+ 87'6'8;-D .&/.
?:>6+.K2, L<3+26=:A2,
19
*+,-./0* K" 2/,$8;"' >7$87'."@67">;-D"' C+'#95&D"'
3#'#
#$E"6'67$,
87'+>7"K&)9")
@"9"#9$9","
#$6'
<#".$45$D$, <&/. 20387$<>7"' >7$87'."6',">;$)") *+,-./0
D",$>; @+ #+;"<. 21P;$. <#2"')+ /45 B;-.9", &'4 +2$9 D&95,
3#'# 1)+#2-# +67-' $(7$2")" ;-.9", &'4 +29"<. 22*+,-./0
+87$<>7&67" 87- 87-8;". N>7- B2" @")"?"(&45")", ."?"',
>7"K&)$8;' 67";'D$, +;-.>;" >7$@?";"<$;&67. 23!+;-.9")
@")"97'E29") @")"#8;"', >7$87'."@67">;-D>;" #"6'67". 24!")+ K"
2/,$8;"' 87'&?"45 #$>7">;-45$D"' C+'#95&D$, #$E"6'67$.

2:19 *+,-./0 /<(7 1:1.

7<&/0"8 -"?"', 9A+$8><" 7<570*0'D$/0" 6$1" 70'2<"', B$1*0'

-"70'7< @"6$1.
8
L0'-"#&>0, 8$ ?'D&98 2@"*"7<$><$D$/0" D"><"', ;<$-*",
@$/0&6;<","8><"
@$82
@$?970'8$/0"*+$*.
GB
-"?"
@"*"7<$><$D$/0", >0$@*"><$,", 4,2#15# &,"6, 1.1"A0*"8
>0&><"D$A+$/0" *&J@"*"8," 8$ ?'D&98 9*+$(<&/0"' ;<$-*"8
>0$@",$><5 /',$<5D$/0"*"' .<"*"8," &,$ D&*+.
9
!$?& 6<58" )*+"8 2B$1$><" @"><" 4,2#15# $6>0 *"(0.
4,2#15# 70'/'*"8 @",&,$(0$8><" 9A+$8 2B$<"D$/0"
2>0'/0"' >0$70'*"(0. FA+$, @"><" <"70*+"191*"8," 191$/05
@2<"*"8," &670" B$<. 11FA+$, 70'/'*"8 @",&,$(0$8 6&9, #'D"1
70'&7<$/0"8 -"?. G, ;<$-*"8 <"><" &7<$/0" #'D"1"' B$1"6. G,
>0$@6>0$,$><$/0", 4,2#15# &,$. G, @$*0'/0", 4,2#15#
70'26#"><5?$7<" 7"D$A0 @$*$70'2/0"D"A+$/0" 8&-", &,$.
12
L0'@&'8"*0$8, 4,2#15# 70',2/0'#"' 70'I<&(0*+&A+$/0"8
-"?. L0'@&'8"*0$8 ?"A+, )*+"' 3#'# (<&/0"*"8 >0&*"@$/0"1"?A$><$A+$/0"8 2(0"><$D$/0"><" 7<570*0'D$/0"
70'2<" @","*0'/0"8 6&9, )*+"8 4,2#15# 70',2/0'#"' (<&/0"*"8
70'>0&*2/0"1"?A$><$A+$/0"8 -"?.
10

13

%#"><5?*", @","70'7<&/0"*"8 $><2 70'/'*"8><" #'D"1

70'@",&8$7<$/0"8 6&9, (<&/0"*"8 70'&-"?"' 70'B$1$/0&/0,
&' )*+"8 4,2#15# 70',2/0'#"' 70'2/0"6#"'A+$/0. )*+"8
126#"><5?*", @"><" >0$1-2/0"/0'/0"*. 14)2I<$-"*"' 'D&705*",
@2/0'#"*", @",$1 1*$(0$8 2(0"><$D$/0" )*+"8 $/0"><5?$/0. G
1*$(0$, >0$16"';'/0, &' )*+"8 &, 4,2#15# 2>0&B 1$,2<'(<"',
(0"D$>05><" ,2/0"@$/0. 154,2#15# >0&B$8 @$><",$(<$*+"8,
?A$D"6;<" <"70*+"191*"8," ?A$D"6;<" 191$/05 @2<"*"8,"
.(0"><$D$/0" &<2*$A+2, &*"8" @",&19><'&/0", 70*+"2*$/0"'
>0$B2/0"(0&/05', &D&6" 1$,2*$/0.
16

G,$70, 70'7*$,"8," 70'@&705,"8," .*+$(<&/0"'2, 8"-"><

8"-"7*58,
8"@&><"
8"-"7*58,
@$/0"6#"-$/05
8&-"8
./0"(0"6<"D$8
9*+$(<&/0"'2
@$/5,"8
*+$>'8
>0$70'1$,27<$*+&D"' -21 70'8$7<$. 17G <5- 6#1"',2
>0"><5D"' B$1$/0" <5-*"8 .A+&' D$<"6, &' A+&', @29, 4,2#15#
&,$. 18L05 70'70*+" 9/0"($./0"' A0'/0";<$><'D -&9'2,
8"("<2I*", A0'/0"(0"6<"D*" -&9'2 @$<5,"8

)*+"8 2/'*"(0 A0"- =0$#-2/0"C&-2, #2/0"A:&/0", =:"=:"'

=0$?","A0'-"#1*$/0"8 -">"'. 4O$ 1*$(0$8 A0'?<>@"=:",
4,2#15# <*+$(:"/0" A0"-$8 ?"*"A:$=:$C$/0"' -$#2:"8 /'
(0$A0'1"C A0'(0"=:$D1. 5H A0"-$, )*+"8 K6#" M0&6:" 8$
'&*01"8 &65#15( (0&6:"*"8," 6</0$8J&,* (0&6:"*"8,"
?",&-2/0"C"-&/0"8 -">"', $6"," (:"A:"/0'*"8* &D$6#"'D1$/0"
9:$-*"8 )*+"8 &,2/0"A:"/0&/0"6. 6H A0"-$, 8$,$: 4,2#15#
3#'# *$8" (0"6=0*"8 &/'*"8 &,$(0 *05', =0"J&,$A:',
?",&>","8=:"
)*+"8
3?,&2(
(0"6=0$8
:"*+$A:5'
=0$(02/0"#$,", &*"82 =0&(0</0"#$; & (0"6=0*",2 3?,&2(
2/0'#"*"' ?$ 6=0$8 D$D$*, )*+"8 3?,&2( (0"6=0$,
:5-$A:'*"' =0$?",2/0"/'/0&/0"*"8 &*"82 .:&*+" &*"(0.
7
)*+"8 (0"=:$C$/0"' =0$#*2(0*+&/0"8 1<1"', 8$ :5-$,
?/0"9"=:"C"' $C"A:' D$-"C$/0"=:" 1$C"' =0$?","#21$/0"8=:"
8$ =0"J&,$A:'8 #$-"("@+"C"' #2/0"C"-&/0. 8)*+"8 29:$(0&6:"*"8 &C&*+2 C&*+ 9:$=:5' #$D$182, )*+"8 $C"A:'
D$-"C$/0"=:" 8$ :5-$, #6A0" =0$,2(0*+&/0: 4,2#15# *"(0
J&2C$/0"A*5' ?$82 $8$/0"'C"-$A0'D1$8 2=0"J&, *$8"
(0"6=0*"8 .?/0":'C,2, 9)*+"8 2/'*"(0 A0"- 9:$- 6#1"'82 C&-"
&-"#A:$C,2 &,$. S("=:$/0" (0"*0&C"*"8 &D</0"@+&/0"' & /'*"(0
A0"-$, )*+"' ?"=:" =0"?$/0"*0'/0"8 &,2/0"A:&/0"' D$1$/0"6.
10
)*+"8
&,"'D1"'
?$-2A:&/0",
L$($#
?":'=:"8=:"
2?"*"A:$=:$C$/0" ?"8$(:"'@$/058 2=0"J&, 5A05 (0"C$=058
D$:" :"A0*+"1<1*"82, 1<1$/05 ?2:"*"82 >@$," '&*01"8
D&,2/0"A:"C"' &,$. 11)*+"8 & :5-$, $/0"9"=:&/0 8$=:5>$@+$C
/'*"(0"' )*+"8 4,2#15# 3#'#"' 12 B2'#*+&C ,2/0"/0"9"=:&/0"8
1<1"'. 124,2#15# 1$/'*"8 &,$(0"', <@+$8=:" A:5A0*0'C$/0"
?","12:"8 6&<, 1$/'A*5' $=:2 <@+$8 1$D$/'/0"' )*+"8
6"J(&/0" 1$*0'C 1"(0"=:$. 13H,$A0, A05 #2A:'&/0" A05?/0"=:$C"' =02C ?","#D"L$,"8 6&<, A0'/' A0'8$/0"=:5>$C"'
#$A05(0":'. H =02C"' #" #D"L$,"8 A05,=:" D$1*0' *"(0.

3:5 6</0$8J&,*", <6(0 2:20. 3:5 (:"A:"/0' 2(0"#2A0" 8"*0'.

25

GE D",$>;"', F<&.)-?+2* >7$87'."@67">;-45$D .&/'

#"(7$2". G) 2" 28$, /45$))" #"))" 2$@"?"(" 45&67 $>;+
2$@"?"'("'67. R4&)$ 87- 87'+(;$>;-', ;"<$;"67' #+E$>;&67"
@"97',, >7$#(7$<(7"D"' >7$#."47'67">;-67&67"). 26L7- @">;"
87'+(7"67'45$D"' &) (7"8"' >7$87'."(;", @")"#$,"?4&67")
@")"@"9"87'9$67", <&+0 ,"6',">;$. 27L7$<>7", (;"D$67",
D"#$67"' #$,&?4"' E$2$67. G' *95", 6'>;"67' >7$.+8;$67,
/45$, +@&>7-<, #")+ 6'>;"67' >7$#.+8;$67, #$6' >7/,$@"<$2$D$, <&/. 28M7$87'."@67">;-45$D"' #$@."6'@&47-)") &)
87'(7"67'45,", 87- 6'8;'&67- 87'+;"D"'+, #" #+6',">;$D$67"
D&95 ,&>;" 97'D"'+ &)$. 293+'#95&D$) 87- 87'6'9",
@")&)$(7$, ."?"', &E $6'+ @")+(7$, <&/, 6'8;-67- <#2"',>;"
87'<"67->;. F45$, ."?" :;$.9", (7$2"D$67" &."87'8;, 30#$?&
<;-," 1)+#2-# +;-. <&/ (;"D$67", <"K(&67" 97'67". L7- #"
>7$#."87'8;"D 87',$(7">;$67" ;"<$;"67') >7$#.+8;"D$,
<&/, $<#" 8795&,$#$45"' (;"D$67", <"K(&67" 97'67".
EM#G#$#%&'(
?/@,> 0=,B@ D7:D)02, 570<D7387,2
G'4$<>7",, #8$9"), C+'#95&D$) 87'6'9", @")&)$(7$, <&/
87'6'8;'. G ;-. ?"?"9") ?4$)+ @" >7$87'."#29$45$D9"'
#")>;" >7+D"<, &9") @")"#29$459")",+ +8;'&67" >7$87->;$E2.
2
15"9", &."?" :;$.9"',* K@"?4&67" @$8;"9"', &?)" :;$.9")
#'D"2 @$8;$9")", @&E$87'?@$0. 3L7$<>7"' #'D"2 &8;$67"'
E$29") 2")$, 2", *95", N<#" O7&<;" +(7">;$D$67">;" *95",
."(&45"9"', 1)+#2-# 3#'# )$<&6"9"', <>7$, /<9$67" ;-.9",
&E$,$6'67$9")"). 4G)"'E2"' E$2 <"2,+, #")+ &E ."?" ;-.9",
#&E$6'67$D #(7">;$E2$67.
2:25 F<&.)-?+2 =+(+<<+ >7&(", E$;" A$($# @";'>;", E$E9", B2$D %&'(
."@$95$67") &)$. R4$ F<&.)-?+2 ,$ 29$(7$) @$?+;$67"' =+(+<<+ >7&(",
$67"@"45$E2.
3:2 95"9", &."?"9" :;$.9") & 6'E$;"9",>;" %&'( @$.+;-)") 9$," (7"<>79",
&E$E9") 9)+#2+&D 97'D9", <&/, $<" )&<8;"' #'D"2 &8;$D9" .&/' &;-@", 9)+#2+&D
97'67" ?4')29"' @$;-9")") &)$.

@$?970'8$/0"*+$*. GB -"?" ;<$-$8 )*+"8 <5-*"'

>0$,2/0"(0"/0'/0"' @$-2<5*","8 &19/'B$<" @"6$1"', 8$ ?'D&98
2;<$-*"8 ./'67$#&><" @",2<"8 6&9, *+&'($9' @$7<57<$A+$.
19
GB -"?" ;<$-$, 4,2#15#"' 70*+"' B$1$8 /0'#" -"*0',"6.
L0*+", &,$ 6>0$, @"@$6*"', B$<"*"8><2 -"*$/0"*"8><2 6>0$8
@"><"8 ><'&I<" 9@$/0"/051"', &, @"><"@$'J$1",",. G,"'B1"' )*+",
@","-&98 -"?"' 6>0$8 *"*05.
20
4,2#15# 70',2/0'#"' 70'(<&/0"8 -"?, ;<$-*"8 >0$@",$><5
/',$<5D$/0"*"' 8$ ?'D&98 9*+$(<&/0"' .<"*"82 191$/05
>0$70'-$,.<"A+"6. G?", <5-$, &,"'B1"' B$1$70, 8$ ?'D&98
2;<$-*"8 70'&B$B"' 70'B$1$/0"8 -"?"' 70'@9><5', 8$B
-"?" 'D&705*"8 #$? 6&9 70'.?"<',&: 21Q$ 7*$D$8 '98$<!
Q$, '8$7*$! Q$B 'D"8$#!? 22GB -"?" 'D&705*",
@"*+$(<&/0"*",
7*$D*"'
;<$-*"8
>0$@",&<"><&*+"',
><5?$A+*",", &,$. G 'D&705*", ;<$-8" &7<$/0" 'D&705*"',
D"8$>< ;<$-*"8 &,&/0&7<"*",", &,$. 23S<$-*"8 >02D &B"I$@",
)*+", &/0"(0"6<"D"'2, &70*+" 9/0"($./0"' &/0";<$><'D"'2,
&6>0$*"8 >02D &,&/0"B"I$D"'2 & 'D&705*"8 @",",&/0"@*","8
6&9, @"*"7<$><$D$/0" &*"(0"' 196(0" .<, &' 6><" .<"6. !$?& 6<58"
<5- 8$*058$7<"*"' ;<$-*"8 &/' @$><"*056#$*","8 &6"';'D*"'
<"6$<"/0' &-"*0'D*" &(0"><$,"6$70 &,$.

FI#H#$#%&'(

)*+"8 705 4,2#15# 70',2/0'#"' (<&/0"*"8 70'>0&*2/0"1"?A$><$A+$/0"8 -"?. G,$70, '&705' )*+"8 2?A&J/0'><"
/5#"' 4,2#15# @$?"B$<"8 2<5-*"8 &'A 70'21. 2Q$ ?'D&98
2<5-*"8 70'.8$/'67$#"', '&7058 2<5-*"8 70'./'67$#. 3!$?&
6<58" 705 70'(<&/0"8 -"?, 70'2B$<"D$/0" 70$6>02 8$><5?"',
)*+", @$?"B$<"8 ?"A+ 4,2#15# >0$70'-9/0"D"A+$. 44,2#15#"'
12B$<"D$/0"7<' 70$6>0"' B$1$, >0$@$(0&/05><", 705,2 &B
70',2/0'#"' B$1*0'7*5 70'2<"' 70'>0"(0"/05B1.
5
G,$70, 70'27"D$A0 J@&?A" 2<5-*", A0'/0"><5?$*: C2D"
7<"D,2, /'8$>0"J@&/0",2, *056#"D$/0" 8$*058$7<"*",2,
*056#"D$/0" <&9*",2, D":6#$./0",2 -

"9*: @)5@;/;*106;, 83),/,* G+.- H,-/,7 >/?,7

8,29+.:;,)*2,2
14
H,$A0, 12 B2'#*+&C"' 3#'# 4,2#15# E1" $6&A0*+"
(0"/5C>@"8$A0*+"=:" #<1:$#*+". 15;@+$, &,$ )$ (0&6:"'
'&A0582 L:$(0"82 &D$:"', #$>," 'C&/05' ?$-&:5,"82 $9:"
=0$?*"=:$,",. 16)*+"8 2D$1*0'A*5 1<1"', <@+ K6#" M0&6:"=:"
A0'/'*", (0"=:$C$/0"=:" $/0"6$1"C*"' #<(0":', 17A0'A:5A0
?","*0'/0"8=:"
4,2#15#
A0'/'*"8
&,$(0$C$8
6&<.
18
70'(0&6#"*", A:'(0"/0'C$/0"8 *"(0*"' $=:2 &D A0'1<1"',
)*+"8 29:$- (0"6:" 6#1"'82 A0',./0'#"', 4,2#15#
2A:'(0"/0'C$/0"
2A058J/0'&/02,
2=:$*+&/02,
2=''&/02,
2(0"/&/02 =0$@0'/',$:5C*"8 6&<, (0"=:$C$/0" A0'2:"C"' )*+"8
#<(0":'. 19H A:'(0"/0'C$/0"' A:"C$/0" 6#1"',2 ?$C"8$#$,",
A0'A:"C"' 5,"*0', )*+"8 2A"C ?"=:" =0$A0'*"(0$C$8 6&<.
20
)*+"8 D$1*0'A*5, 2F. ;@+ 2(0"=:$C$/0"' =0$1*"(0$8=:" :5-"' 1$?",<(0":'A0'D1*"8," 1$?"/'6A$#"A0'D1*"8," &C&*+2, </0"($./0"' C&*+$J" $A:"C <(0"=:$.
21
)" 4,2#15# 3#'# ?$/'*"8 &,$(0"', L$($# ?":'=:"8
D$D*"8 8$=:5>$@+$C (0"*0&C"' =0"=:5D1*"8=:2 (:"A:"/05' =0"=:5D1*"8=:2 D$1*0'A*5, )*+"8 -"1"@0'/0"A:.
H82C.

B"I)#D#$#%&'(
J0<=; 89=;57 +,H,* 408,2,/;*2,2
!" B2'#*+&C$8 #$?","-"(&@+","8 6&<, *+&6#$8 #$L:&>?&/0"'
#$L:"#"'
#$A05(0":':
6#"'=:"'
A0'2:"C"'
)*+",
2
=0$?-$A05>@&/0"8
1<1"'
A0'?<=:'.
O$6"/"C$/0",2,
/'A0"J&/0",2,
D$:&/0",2
A0'/'*"8
&,$@0'/0"(0*"',
3
A:'(0"/0'C$/0"=:"
?$8
?$,
<,"D$:.
B"?"/0$C$/0"'
A0'?"?$6*$,"8=:" )*+"8 K6#" M0&6:" ?$ A0'2D$1$C$/0"'
A0'2/0"/051$,", ?","A0''*0'8"C$8 $'@ A0'21. 4%=0"'
1$?D$D$, ?$, )*+"8 K6#" M0&6:2 ?$, :5-"' 1$?D$/'/0"'
1$?6&6(0"', )*+", =0$?-$A05>@&/0",2 ?$. 532'#*+&C$,2 ?$,
A:5A0*0'C$/0",2 ?$, 1$?=:&'8"*0$,",2 ?$. 6)*+"' 9:$6#1"'82 E1" (0&6:2 ?$. HD 9:$- 6#1"'82 1<1$/05 &-$,2:,
?"=:"8=:2 :5- <A:", 1" ?"=:"82 &, 1$/'*"8 &,$(0.

P;$. 6-)" <>7$, /<9$67" ;-.9", &E$6'67$D $(7">;$D"'

>7$8;-8;$,", #" & :;$.$, D&95+ & ;-.9", D&95 #&E$6'67$D
#(7">;$E2. 5!" ,".+0 #$D$K45"' #'D"2 #&8;$67, 3@)&+(
(7"<>7$, #$E$E, S/D+&,+D +'D"67- (7"<>7 #$E$E, ?4')2,"
#$>7&9">;$67, *"')&2 9&K@", 2/2"' #$)$>;-' .&)+#/0 >'<$,*
#$E$E$67. 6*95" 67"(7"<;"D$, #$6' /2$67"' #$<$(7"', A$($#
@";'>;", E$E9", >7+D B@67"E"A$E2$67. *"')&2 9&K@", +29")
K67":">;"D9", B67-6'>;" 87$<>7&67" K67-2$E2$67",", @$,+
#$@")+67",$#"D @+ E$;"E2$67"<.
7
G' ?4$ 1)+#2-# @$."?") @"@67"8;"D$, <&/, ;-.9"' #+8;'&67"
>7">;-E2$67"9", <>;" B,$;"45"' #"(7$2". 8L7$<>7", ;-.
<#2"',+ <>;" B,$;"45"' #"(7$2". !$?& <;-," #+ C+'#95&D"'
1)+#2-# 3#'# @$."?") @"@67"8;"D$) ;-.9"' E$;" <#2"',+
&D&95+ D&95$8;'. F45$, #$."("45"D$, <&/, @">;")+ 9"#$D&67,
;-. <#2"',+ <>;" B,$;"45"' #"(7$2", 1)+#2-# #+;"95$8;-'
97'D$, $>;+ 9/45$) #$6' +(7$D$, <&/. *95", /45$, $?"45>;"
87$<>7&67" #+;"' #$@>;+(7$2")", #" ;-.$8;'9"' #8;&67"9",
B;-. 9"(7"<. !" @$.&#;-)") *95", /45$, $?"45>;" 87$<>7&67"
#+;"' #$@>;+(7$2")") 1)+#2-#>;" 8;-8797'D$67" @")"#+;") &)$.
*"')&2 9&K@", +29") @67":">;"D9", +;-. &E 9"(7"<. G
87$<>7&67"' #+;") *95", $?"45 >7/>;$, 8;-8797'D$67",+ 2/2.
10
1)+#2-# @$."?") @"@67"8;"D"' #$.&0, &) (;&67"9",
>7$@")&9"2"?4$>;$45$67", $?"45 >7+>;$)" (7">;$D$67")
@$."?")+ @"@67"8;"D"' #$.&0. 1)+#2-# >7+D9"' $E"A$67"9",
#+;&95" &9"(7$D"' #$.&0, /45$) @"(;",, @")"E$2$67", ."?"'+
#$97'D"' #$.&0. 11G)"'E2"' *95", (;&67"9", #$>7&9+67"2"?4$>;$45$D$, #$E"6'67$.
)6+/,* -09C08*870/,2,> -09,23470),-010> 0*B -:A
12

G ;-.9"' #$@E$6'67$9")", #&(7$;"#$67"', / @+87$<>7&67"

E$>;&67" @+ @+,$;" :;$. +>7'67"' #$97'67"' #;-)"<. G' &
;-.9", #$@")&(7$;"#$D$, $'4 #+2, 1)+#2-#

3:5 =&)+#/0 >'<$) ?4')29", &E$E9"' ?+D$, )$>;-)" :;$. >'<"' E$2$67"9.
G9") *"')&2 9&K@", +29",)" B2"479", >7&>;"D$45$67" 9&K@"9",)" &6' /2$67"'
&<$(7$E2$67"9.

D":6#$./0", 1*+" D"6;< /0"(0"6<"D$8 -"?"' 8"*0'. 6GB -"?"

<5-*"8 &6&9 )*+"8 98$?"<'*","8 2/'JA >0&(02/0"#$B1. 7G
;<$-*"8
70'@./0'#"8,
705,2
&B
-"?"
<5-*"8
70'&6$(0$B1$/0. 8G' ?A$ 8$B -"?" <5-*", @"><"
*"A0'D"A+$D*"
-&9:
/'JA$D,2,
>0$@"><"6(0$*+&D,2,
J@"?A&/0",2, D"8$>< ;<$-*"8 <"./0"><" &19/'B$<"D,2, 98$><'
/'B$<"D,2. 9L0'@","8$/0"6;<"A+, #$?& 6<58" 70'27"D$A0
J@&?A" 2<5-*", 2/0'#"*"' *"70'D"A+2, 107"D$7<'><", 70'&7"8
-"?"' @"70'B"><$/0. )*+"' & 7"D$7<', >0"@$/0"*0'/0"8 9A+$8
27"D -"?"' *05', &, 9/0"><"A+$ @"6$1, 9A+$, @$-"?",
70$6>0"' @"A0'/0"7<"D$8 6&9. 11G,$70, ;<$- @"*"?@$D$/0"
&@$-&/' @2 ?"8$(0"', ',$8,2, ?A',1,2, #'D"1 &7<$/0"' B$1,2
B$8$1,2, *$8",2, !>2-* *">'8 B$B,2, 6B$(<,2, 70*+&-21,2
@"-"?"*. 4,2#15# @"><"8" &670" B$<, 9A+$,2 705 @"><"82
70'/'*"8 &,$(0.
12
L05, /'>0"J@&/0" @2<"*"', )*+"8 >0$*2*$/0" ;<$-*"',
9A+$8 7<' $(0"/0'*","8, /'><"/0'D$/0",2, 7<'/0",2,
8$6"/"D$/0",2,
/'70"J&/0",2,
B$<&/0",2
70'/'*"8
&,$A0'/0"(0$*. 133$8 @$, 9,"B$<, @$8 @$8 /'>0&D" /5,"
-$,2<"8", @"-"A0'/0"/0'. 4,2#15# >0$@","70'-2/0"/0'/0"8
-"?"', 705,2 @"-"A0'/0"/0'. 14C"><"8" &6"' 7<'(0"/0'D$/0",
70'/'*"8
&,$A0'/0"(0.
L<'(0"/0'D$/0",
&,$
@$
70'B$1$D"'2, @270$6>0&/0" B$><&/0" @2 @28$<" ;<$2>0'/0"*"' 70'*0'D"'2 705 @"><" 70'@"@$6*$,",.
15
4,2#15# >0$70'21$," /'6#"-$D$/0", 70'/'*"8 191$/05,
&B$,2<"D"' 5,"*0'. C$ 6>0$8 70'-"?"' & /'6#"-$D$/0",
70'2<"D"' )*+", >0$705?A&/0. FA+$82 B$1*0' -"70'7<.
16
4,2#15# 2/'B$<"*", 70'/'*"8 >'5' &,$A0'/0"(0 @"6$1.
C"*"7<$><$D$/0"8><" @"><" @$8 @$8 ,9,"/0&7< $><2 /',9,"/0&<'.
L0'/'*"8><2 C2'#*+&D$8 B$1*0' -"70'7<"', 5,"?*",2,
1*+"B$1*0' 5,"?*",2, )*+"8 M6#" N0&6<" 70'/'*"8
>0&,2(0*+"," 5,"?*",2 )*+"8 6&9 >0&70'<5*. 1732'#*+&D"' 3#'#
$;<"><" )*+"' )$ (0&6<"8 B$1*0' -"70'7<$@", #$? 70'7<"82,
#$? >0&70'<582, 3#'# $;<"><" &, 70'7<".

3:11 !>2- ;<$-*", (0"6>0 <"( /5,.

)" 1D$D"' *"12 4,2#15# $C"A:' =0$D2-&/0, *"12 1$C"'

=0$,21$C"' ?","-2/0"A05A&/0"8 1<1"'. 8T@&,$ )*+"8 2/'D$:"
1*$/0"*"8 ?$=:&,$1$,:
K6A0"=:" ?$>"=:5<@+$8, /0",*",2 2/0'#"*"'
?$>$>2D"./0"*, 9:$-*"82 1$C*", &,21$/0"*.
9
(K6A0"=:" >"=:5<@+$/0 ?$-2:5," /'D$:"*"8 =0&,$=:$,",
$6"=:" L:$(0"8 $*" >">"8 C"# =0$?",<*$/0", &,$. 10K*" >">"8
C"# =0<*$/0", <@+ >">", &,$ 5A05 6#1"'82 &C&*+2 C&*+ (0&/"'
>"=:5<@+$/0",, D$:" 6#1"'82 D$=:&/0" ?2 .8$:"', 2=0'/0"'
$/0"*0'C$8 6&<.) 114,2#15# 9:$-*"8 1$C*", ?",&,21$/0"*",
8&,$: <@+$8 9:$- ?&'(" &65#15(*"'* $/0"C"-&/0"*, C"8$=:*",2
6</0$8J&,*"'* $/0"C"-&/0"*, &>,"*",2 <@+$8 2=0"J&,$A:'
&/0":'C"' $/0"C"-&/0"*, <1:&C2 C"8$=:*",2 >2C 6&D"*"' $=:2
>2C /0"#&=:5*"' $/0"C"-&/0"*. 12)*+"8 &*", ?$-2/0"C"-&/0"*",
29:$- (0&6:"*", <@+$8 -"("@+"C*"' &,2/0"(0"=:$C,2, 4,2#15#
$6=0 D$D*"8 /'," 6#","=:" C&*+ (0"=:$C$/0" &,2/0"/051$C,2
&,$. 13H,"'D1"' 1" ?"=:" )*+"8 K=05=:" A:5A0*0'C$/0" 12:"',
&,2 1A:"', ?$ 1$*0'D1, 4,2#15# ?2A0$6=0&/0" D$=:&/0" ?2
?28$:" 9:$- 2=0'/0"' ?","D$1$8 -">"', 1",2 ?2A0$6=0&/0"
D$=:&/0" ?2 ?28$:" 9:$- 2=0'/0"*"' 1$*0'D1.
14
;1:&C" 1$#&J$2@+$D1"6, *$5,*"8 &>$=:" 8$>$=:"
1$?",&8$>?"@+"', 9:$- ?&'("8 &>," 9:$-*"8 :5-*"' &,&/0&A:"*","8 .@+$J/0" 6#1"'82 1$?",&-$@+$D1"6. P:$-*"'
&>," 9:$-*", >&*+$*$C*"8=:" -":&?"*"8 .1*+&/0"69:$/0"
1$=0$-"C"@+$D1"6. 15H,"'D1"' 8$*05', A:'(0"/0'C$/0",
1$/'*"8 &,$(0"', A0$6=0&/0", =0&1:5?", #$> -">" (0"C$=05=:2
4,2#15# 1$-">"C"' =0$1*"*05D1. ;@+$, &,$ A0*+",. 16;@+
4,2#15# &,$ 6=0$8 =:'&L:" <?$/0"/051$,",2, 6=0$, ?"?$6*$,"
D$:"
6#1"'8=:"
6=0$,
?"=:"
?"*"?$/0"'95,",2,
?"=:"?$'J$1",",2. H,"'D1"' 6=0$8 D$D"' 1">," :&*+",
?","("@+"C
-&<8
-">"'
?$(&@+"=:",
6=0$8
*"*05,
A:'(0"/0'C$/0"=:2 C&*+ =:'&L:" </051$.
4:11 &65#15(*", $6" ,&6A:"' C"J/$," 6A:$=:'1:5' 3#'# 2/05/' ,$=:5C*"'
=0$*2*$/0"*", &,$, <1:&C" %&'( -">"*"', C"8$=: 9:$-*"' 4,2#15#
$/0"C"-&/0"*", &,$.
4:11 6</0$8J&,*", <6(0 2:20.

3#'# +:;$.9", &E$E #$97'D"' >7$@")"#(7$;"#$67", ."?"'.

13
!8$9"),
;-.9"'
#$@E$6'67$9")",
#&(7$;"#$67"'
@$#(7$2"45)"<, &' @$ ;-. @&>7- #"8;": T(">;$67" ;-.9") #"
#E$67'<8"459"', #&<">;" +2 ;-.9", #$@")&(7$;"#$D$, $'4
#+2. 143"<"A7"D$, 9&95")", ."?"' 2$D$) >7"#95$D$, <&/,
>;"'9$, #$@")"D"#$D$, $'4 #+2. G 2$D"' @$.&#;-)") '&87-,
#$E$<#"'D$) &)$, &) >7"#95$D)+ &)$, +K$D9", &E$E #$97'D"'
*95", 3#'# 1)+#2-# #$@.$)+67"?4&67").
15
*" 2E$E"' 9"2)" :;$."' 1)+#2-# +;-.9", B95$(;&67"'
E$>;&67" @+ @+,$;" :;$. +>7'67"' 97'67") &)"'E2"' 6'<8$#"D
.&/. ;-. 6-)", /95$(;&67"' D",$>; 6'<8$#&>;" 87'+;",", *95",
&)+ D&." >7$87'.+8;$E2. 16G' 2$@D"#$67", ."87'&8"'
2$6'<8$#"D .&/, &E 2/2"'+ 2$@/>;-D .&/.
17
!8$9"), #+(7"'49", 87'&>7$)$>;'. L7'@")"@/>;-D .&/,
+8&<97"' 87-?67"(7"67'67", 2/2"' @/>;-9")", 87'&>;$)$<(7.
18
!$?& <;-," K")" >7$@")"87-#;'&67", ."?"', ?4$)+ #$D"<#9")
>7/9$9"@" 87-#";-: P;$.$K" 1)+#2-# +>7&E <$/' ."97'67"9.
19
G :;$.9", >;"'9"' >7&(7$#$E2$) >;-?$D$67") &)$, B295")+
D$K") &)$, @")$<"6")" ;-.9")+ '>;$2"45$<97"9. I$ ?'D&/,
+;-.9", &D",$>;>;" B6'<8$#"9")"<. 20G' 2" 2+9">' '&87-) &)$.
C+'#95&D"' 3#'# 1)+#2-#"' '&87-, >7/9$D$87, 2$,$>;-?"'
21
2$>7"@$67"D"45$E2$,
2/4".
F45
+(7">;$D$67"89-'
@")$(&45"', ;-. <#2"')+ +2/2$67- $;"A;"67 @")$A;+67"':-)",>;+
2<>7$ 295&,$>;"9") @"K(+97'D9"87, /45 $<>7"' E$297'89@+;", ."?"9"' $67"97'E2$9.

E"N)#G#$#%&'(
G)$87, 87-, #8$9"' 8;' #(7"67'9"', D">;" #(7"67'D9"'
#$@.&(;"9")",, #+6'8;'&67-)+ #+2&D?4$)+* 87-)$. %;;'
#(7"67'9")"), C+'#95&D$) 87'6'9", @")&)$(7$, <&/, 67-6'
@&D>;", <$2"' 87'2/2$D .&/.
4:1 2&D?4 @"<"A7"D$,>;" / K"D"D$,>;" 2/>;-D$67") >7"@$95$)",
.&67"87'&8"E2$67") &)$.

%)345/5*1065, 78), *1=653/,< J7.C)*=C)

18

L05, 70'@*",, 70'2(<$*"8 70'&-"<5,$7<, C2'#*+&D$, @$/'

2(0 ;<$-*"8 @",.-"70'&7"8 -"?"'.
19
L05, (<$*",, 70'&B$B"' *"12 270'@ 7<' $(0"/0'D -&9,
-"8$6*0&7"'2 B$1$D -&9.
20
L05, J$D*",, 70'.1" 70'.D"*"8 @"><"8><2 70'.?"<', #$?&
6<58" &, C2'#*+&D$8 2/05' 9(0$1".
21
L05,
1$*",2,
70'2J$D*",
70'8$/0"/'JA$*,
&/'
8$><5?$D$8 6&9.
22
L05, 'D"<'1*",, 8$ ?'D&98><" 70'21*+&8&1"*"8 @"><"8><2
70'.?"<'. L0'.?"<' #"<5, &' &/' >0$@"?/0"<'D 70'<5', &D"*"8><"
/0'D" >0$@","70'(0&-$,"8 $?"A+ 2@&>056, &' )*+"8 2B$D&/05
70'/'*"8 @",&,$(0$8 6&9, #$?2/0'2 70'/' 91$/0"'
70'&-"(&A+. 23!$? 70'7<"82, ;<$-*"8 @",&-&70'7<","8 -"?"'
5,"8$*0', &' C2'#*+&D$8 @","-&70'7<","8 -"?"', 70'/'
91$/0"' 70'7<", 24#$?& 6<58" C2'#*+&D$8 2;<$-*"8
&-2/0"*+&@$,$/0" <"*+$7<', 705 <5-"' 70'7<&/0"8 6&9,
>0$@","70'(0$#$B1$, 7057<"70 &,$. C2'#*+&D"' 4,2#15# &,$
70'@-"(&A+",",. 25)*+"8 J@"?A&/0" @$7<","8 2J@"?A&/0"
,2/0"6B$D$A+$B1; #$?& 6<58" C2'#*+&D$, ;<$-*"8 .196(0"
98$6(0"', ;<$- 6#1"',2 2@"-"?"*"' B$1$*.

F"K)#H#$#%&'(

L05, 1*+&8&1"*",, '&7058><" 705,2 C2'#*+&D @","70'2<",

7057<"70, 70'2'D"<'1*"8 70'@",&?"@9><5D -&98 191"'2 @&-"'2
70'&?"@9><'.

!*E02, )3+/,* "=*: 4)345/5*1065, 78),/,* 93:3--,

;,-/,< =6*2865=)3/,2,2
2

)*+"8 70'9(0"<' @"6$1. )*+"8 70'9(0"<' @$*0'><",

70'8$I0$9' 70'#&>0, )*+"8 2B$1*0'2 70'7<$. 3)*+"8 1",2
70'>0$1-9(0"<'. 4,2#15# 9*+$(<"/0" <5- 70"--

'23-45- 806* 3:;/,7 A0),=)9=),* K),2

17

32'#*+&C$8 $9:"=:" (0"A"' =0$A0'-"#"/0"6$1": 4$8"

(0"6=0*"8 .A0*+"C"=:$/0"=:" ?","?<=:5*","8 -">"' A0'8$?<=:'.
18
E?"*"A:$=:$C$/0" A:'C=:$, ./',=0&/0"* =0$*"=:$=:2 ?2
&8$A:"', )*+"8 9:$-*"8 =0&,21$," D$:"C$/0"8 6"L$@+"*.
19
H/'*"8 /'(0$1" ?2 .8$:"', 8$*058$A:" 6#"'=:"8 ?$,&1$/0,
?&/0"A*"=:$C2 &8$(0"=:"', #$> D$D$," /'8$=0"J?&/0"8
6$(0$*.
20
H' 4,2#15# 2=0"J&, A05?$/0"A:"/0" 9:$-*"8 &,"'D1"'
A0'?<=:5C"' A0'&/0"A:&/0"6. 21!$>& 6:58" 4,2#15# 2=0"J&, A05
?"*"A0'*$/0, <@+$,2 A0'/'*"8 &,$(0"', <@+$8 *"(0
22
A0$6=0&/0",
?"@0'/0"A:&/0.
70'26#"'=:"@0
D$D
A0'2A"C$@0 J?&>@", *"A0'C"@+$C ?","-&<, ?"@0'/0"A:&/0.
!$>& 6:58" A0'2A"C$@0 J?&>@" 2*056#"C$/0" 8$*0'C*"'
A0'=0"?$/0&69:"*","8=:" A0'2/0"=:5>$ 6"1$/0. 2370'/'*"8
&,$(02 A0'2/'6A$#&=:2 )*+"8 ?",<@0'/0"*05=:$C ?","-&<,2
?"@0'/0"A:&/0". 2470$6=0&/0"," /'=0"J?&/0"," A0$6=0"'
A0'2:"C"'2, <@+$8 A0'-">"C"'2, )*+"8 A0'=02/0"*0'@+$/0"',
A"C$=:"A:', A0'&A"' ?"A0'D"=:$C ?","-&<,2 ?"@0'/0"A:&/0".
25
H,$A0,
69:$'#$C$,
*"A0'C"@+2,
*"12
2/0'C"/0'
A0$6=0&/0", ,<,":', #$>& 6:58" 1" ?"=:",2 ?$ 6=0$ ?&=058
1$D$D. 2670'/'J@$82, 6#"=:5> A0'8$A:". 70'/'J@$/0"',
1$/0", =05A0'8$/0"*+&@+. 277"F1&C$8 /05/' <A0'8$1.
28
)$/0'&=:5, 5,"8$1$/05@+, &' 5,"(&@+2, $:"*"8=:" A:' <,"A:,
D$=:&/0" ?2:"*"8 &-2/5D$C"' 2:"C$8 6&<.
29
G'D$:" <8$=:'*", A0'@"*"8 =0&>"A0'8$/0"=:$*, &' &>,"
9:$-*"8 ?",.D$=:&/0"8 -"A0'&A"', /'," 6#","=:" C&*+
(0"=:$C$/0"
.@0'/0"/051$?",
/'D$:"A:'*",
A0'@"*"8
=0&>"@0'/0"=:$*" C&*+, 9:$-*"' ?"*"?$**","8 A0'2A:'&/0"
.@0'/0"=:$C$8 6&<. 30)*+"8 K6#" M0&6:" $/' *"A0'8$/0"=:.
)*+"8 A0'A0*+"*", ?2D"-$@+$D1 8&-"8* C"#$-", <@+ K6#"
M0&6:" 8$*0',$8 -">"', )*+"8 A0'/'*"8 =0&,2(0*+&/0. 31!$>
-">" /'4:18 /',=0&/0" =0&2/0&/0"=:" =0$J/',$:5C"' '8$>"C$,, 6:'&/0"82
'1<8$=:$C$, &,$.
4:30 )*+"8 A05 A0'A0*+"*", ?2D"-$@+$D1 8&-", &*0,"1 8&-", &,$.

!*B02, )6+/,* "3*4 5)657/7*1087, 9:),/,* ;:4:<<:

=,-/,> 38*2:873)6/,2,2
2

3+'#95&D$) &6'9", @")&)$(7$, <&/, K@$(7.$67"9"' FU-?+/)"

!+D2+9+/)" @$ 6'<8$#&>;" 97'D9"' #B(7";'. 3O, >7$@?"(&45")"
D$K?4"67' 87$<>7, &9"," '&?";"<$;"D"' #$-(7";'. G9")+
>7"K&)$8;')
:;$.9",
B@67";'D$,>;"
>7$@?"("45&67"9,
M(+,/D2)" &?)" >7$@?"(&45"9")",)" B67'#"9"'. G9"," &:;"9")
,$>;-?$45$D E$;"D$67" @$67-2$E2 :;$.9", &:;"9") @")$2
29$(7$, +2$9.
4

L7-, C+'#95&D$) @$6' +(79"), 87'6'8;- @"<$2. R4$)+ @"

87-#";-45$: 87'6'8;'. 5L7'+6'87"K&67" :;$. <#2"',+ D&."
&.")"97'.
C+'#95&D$)
?'D&/,
>7$@$>;-45$E2
,&.")
>7"K("67&67. 6!$? E$E,+ @/87',$67"67&<, &' #$? E$E$)"
;-.>;+ *95", 87'/(7";'@", E$297' ."87'8;$@", 87'+;"<$;"67'
97'D"'+ 87'/(7";'@", 87'+E$>;&67"9") /47'67&8;"9. 7F2;&D"
*95", $?"45 >7+>;$)" 6'<#".$D$67"' :;$.9", >7&6')$;-87'E2$, D&95+, K">;" D&95 +D$, 87'6'9")+ 87'+6'<8$#"9")+ 1)+#2-# 3#'# 87'6'9", @")&)$(7$, <&/
>7$'97',"E2$9.
8
G'4$<>7",, #8$9"), #$? ;-.+ 87$<>7"' E$2,+, #$? ;-.+
(7$2"D$67" +."87'&8",+, #$? ;-.+ @&."' E$2,+, #$? ;-.+
>7&K@"' E$2,+, #$? ;-.+ 87'6' @";')",+, #$? ;-.+ 6'&<"'
E$2,+, #$? ;-.+ 9"K@"8;' 9"(7,+, #$? ;-.+ E$297'
+."87'&8",+, &E ."?" ;-.9", 87'B6'<8$#. 9;-.9"' #"
87-@67"8;&67"9")+, >7$87'."@67"D&67"9")+, #" >7&#;-9"'
@"9"87'9$67"9")+, #" #8;"9"' 87'(7"67'67"9")+ 47'67":&>;"9.
GE$67', 6'<#".$D$67" >7$2"@$2$)" *95") 87'+67'#"
@"<$2$E2.

%)657/7*1087, 9:),/,* ;:4:<<: =,-/,> A01,*

D7023A087,> <3., "3*4 C0A/7* 9,23+:5)02,2
10

R4$)+ @" #" 87'>7$@")"#"6'67'45$67", <&/, C+'#95&D$)

#$6' +(7"', (7"8"' 6-<"89- #+;" 97'67". N<">;+
87'>7$#."6',">;$E2$67,
&'
87'>7$@?";"<$;"D"'
+6787'.+.&67"<. 11Q$>;&67" 6-)" @")"#+;") &)"< &)"'E2"'
@$>;&#;-)"), #$?& <;-," #" #$? >7$#"97'(;",+

*",* ;<$-8" .?/0"<'70'D$8 -"7<, >0"J&,$7<'8 6&9 6I0",

1-$<'2*$D"' )*+"8 70'9(0"<'. G >0"J&,$7<', ;<$-*"8
@",.@/0"<'/0", &,$ *+&6#$8 #$I<&?@&/0"' #$@><$I<"#$,.
4
C","@/0"<'D -&98 -"?"', & >0"J&,$7<', ;<$-*"8 D&-"'
5
.@/0"<'70'D"'
)*+"8
70'>0$#-9(0"<'.
3/05,
J(0"70'8$/0"><"', @"*"7<$><$D$/0"><" 70'B$8$B ;<$-*"8
70'&?"@9><'. 6O'B$<" 8$B$'*", &*"8$(0*"', 70'2/'B$<"*",
5,"/'&6"*. 4"12 6"/05>< @",970'1$D -&9, @"A0'/0&7<".
!*E02, 4)*+,- 6*A0),/,2
L<' 1(0"/0'," 17$ )2*2>* #2>0"J&,*", @"><" 70'2/0"7<"B1$*. G, C2'#*+&D$8 2<5-><" 70$6>0&/0"><" <"6$<"/05'
B$1 $><2 >0$??"(&A+". 8Q$ <5- ?"?"' 12<5-*", @$191*",
70'2/0"7<"D,2 70'2/0"/'7*5D,2 &,$ )2*2> 70'&?"A+
>0$@-"@/0&><5,",*. 9GB 2/0'#"' RD9#28"'* 1$@B$/'/0$70'D"'
$><2 7<' 1(0"/0'," 17$, >0"#"/0&><5. G, 70'2;<$-*"8 &B$B.
31<'8 8$B ?"A+$8 >0$B$*0'/0" <5- 6#1"',2 70'&/0"7<"B1.
10
G,2#1&,*"'* *+&6#$8 >0$@?$I<"#$8 7<'-"# >0$70'9*$A+$.
T&,D&U"* 2'D">05B Q&,>* 7<'-"# >0$70'9*$A+. Q&,>
9*+$(<&/0"' 'D&705 #" >0$70'-"#7<$/0: L0'&?"A+ >0&><58",
?&*"' 9A0'/0"J(&/0. 113#'#"' 3'#1><" @&?A"*","82 7<'-"#
>0$70'9*$A+$. )*+"8 2 )91$/057*5 6&9 >0$@?"(&A+","
;<$-*"8 ?A',1*"' &*"1*", &*", &,$ D$<"6. G*"8" 2D"'
#&/0"/'7*'&/0. 12F6&-,&#"'*
7

4:3 4,2#15# 9*+$(<"/0" <5- 70"-*", 96(0 1:26,27; 2:2.

4:7 )2*2> %&'( ?"(&A+"', 2/05/5/0'*"8 &B$B$/0. G65#15(. 20:4 @",21$8
-"?"', &, G#29 *">'8 B$B$/0. F6(0 F-9#. 6:21; 2 )28. 4:12; )21 3:12;
4:8 )2*2> 70'&?"A+ >0$@-"@/0&><5,", )2*2> 8$ 1*$(0"' %&'( $1*$/0",
=5(5##" ?"#*"' 7<570*0'D$/0" @2<"*"8 &-2*+$D -"./0.
4:9 RD9#28 96(0 V2(985D.
4:10 G,2#1&,* %&'( ?"(&A+"', 2/05/5/0'*"8 &B$B$/0. G,2#1&,* V9##&(5D2>"
>0&("8 B$B$/0.
4:10 T&,D&U" 4,2#12&D 1*+&8&1" 2D*"8 &B$B$/0. %&'( 2<5- @$B27<"/0" &6","
2(0"#*"8 T&,D&U" &B 2/05/5/05' B$1$/0. F6(0 G65#15(. 4:36; 13:1-15:39.
4:10 Q&,> 3'&D"' Q&,>><" @&?A"*"' F,'#&(28 B$B$/0", &,$. F6(0 G65#15(.
12:12,25; 13:5,13.

@0,2, =0$?"=:"6(0$*+&C,2, /'J@$C2, ='5*+&'C2, 9:$-*"8

:"./0"=:" &1</'D$:"C2, #$> D$D$," J?">@&/02 *"A0'C"@+$*.
32
3$, ?$8 A:' -","*0', /'=:"/0' ?"-"A0'A: $=:2 ?"-"@0'/0"/0',
)*+"8 4,2#15# A05= =0$?","A0'-$,2/0"/0"/0'/0"8 -">"'.

B>L#D#$#%&'(
)*+"8 A:' $(0"/0'," J$C*"' A0'?","D$1$8 6&<, <@+$8
2(0"'@*"8 A0'&,$=:'. 24,2#15# A:' 12(0"/0'2, 8" :"A:'
?$62*$," 1$C"'2 )*+"8 $/' ?":'," =0',8"C$6*0"'2 1"D 6&<
$6#" ?",21$/0"8 -">"', A:'(0"/0'C$/0" A0'/'*"8 &,$(0"'
A0'?<=:'.
3
H' )*+"8 29:$- (0&6:"*"8 ?",.-"A0'&A"8 -">"', ?2C"
A:"C$8, < #$> D$D$," /'8$=0"J?&/0"8, < C"F6#$./0"8 ./'/0'
A0'&>"@+ D$A0'A:$ *0'D1"6. 4;8$=:' /'D$:"C$,, ><(&/0"
/'D$:"C$,, 8$*0'C #"8",=0"'C$, A05 =0$A0'-"A0'&A"6,
)*+"8 2D$1*0' A0'A:$C -&< C&*+. 5!$>& 6:58" 8$ :5-$,
?"@0'/0&A:": B2C" ?$A:"," 9:$-$8, < ?$/' 8$=0&J?" 9:$-$8, <
C"F6#$< 9:$-$8 &D -">" 9:$-$8 1*+" C"69:$, $/0"(0&6:"'
8"*0'- 4,2#15#," )*+"," . )<1$/05A*5=:" :&*+" =0$(0$#$D1"6.
6
G'D$:" 8$D$'*"=:" ?$82 ?$=0<A0'8$/0"/0&69:, #$>& 6:58"
&D -">" :5-*"8 &6&< )*+"8 <8$>":'*","8 2/'J@ =0&(02/0"#$D1.
7
H,$A0, &D -">" 9:$-*"8 /0'#" A0'&-"8$*0'.
8
!$>& 6:58" ?"/5,"8 A:'C=:$/0"8 A0'-">"' A0'D$1$/0&/0,
&' >@$ B2'#*+&C$, A0'/'*"8 ?",&,$(0$8 6&<, C"-$C"'
A0'*0'/0. U"-$C"8 2J$C*", ?<=:5C*" ?","-&<8 -">"' A0'?<=:',
9
#$>& 6:58" C"-$C"8 A:'/0"' =0$*"=:$,", A:'/0" 6#1"',2,
?"-"C$/0" 6#1"',2, A0$6=0"/0" 6#1"',2 &,$. 10B2'#*+&C$8
:5-*"' 2/05' $(0$1"*",", @0'/0"'C"-$* $=:2 ?"@0'/0&A:"*.
11
%=:" ?28$:" A:'C=:$/0" :5-*"8 A0'2:5- &*"A0'8$(0*+, &' &
:5-*", ?$-">"*", @0'/0"C&-"*. 12!$>& 6:58" &D -">" 9:$-*"8
:5-*"' A0"-"' &A:"*","8 ./'/0' 6A:$C,2 <8$=:'. 13H' C"-$C"8
:5-*", ?"=:" =0$?2/0"C&-"*"=:", &*", =0"(0&/05*, #$>& 6:58"
=0"(0&/05," 6#1"',2 C"-$C"' 8"*0'. 14T@&,$ 8$,"'D1"'
?$=:&:5,",:

#$)$)"@"D"' @$@67"#&67. 12*95&,$>;&67-, #$9"2$D)+, K&+D$67",

#$9"2$D)+ @$."?") #"8;". !$89">;$67",+, ,"(&>;" #"(;",+,
#$K&+,+, #$295&,$>;",+, #$?+67'+, #$? >7$#"97'(;",+,
#$)$)"@"D"' @$@67"#&67. 133#'# 1)+#2-#"' #"@$67"(7">;$)",
$>;'&A;">;" @">;" #8;"D #(7">;$E2.
14
G' E$2,+, 6'@"47-67-' #$@9"2$,>;" 67'#" 87'>7$@")"#."97'67") ?"67-' 87'8;&67". 15L7-, =+(+<< >7&(",
?"#9",, @")"87'8;")",>;", >7"K&)$8;') @67";'D"' #$'K(&67"'
I&>/?-D+/
9">',*
#$>7$@/>;$,,
;"<$;"67'
97'D$,)"
;"<$;"67', +<"67->; 67-2$45$D$,)" B;-.>;" 87-E D",$>;"'
A$($# @";'>;"," &E$E"' @+ 67'#" >7$#."97'67"<. 16=/##&(-D+>"
>7&(",* #$@$E";",, #+E$>;&67"9") @&'(")" 87'+(;$>;-9",
>7$#.B47'67"95$67"9. 17G) @$>;&#;-)") 87'+2$D #/97'&<#"'
&)"<, &' 87'+2$D +<"67->; ."?"' 8;' @")"47'67-2$D$) &)$.
18
L7'+2$D <#2"')+ >7$#;">;"95&67, #.$)+>7'D$, D&95$K+ #+;"
97'67".
F<&.)-?+2*
>7$#./47'67"95$67"
2$D9")
>7$#;">;"95&67"9"87, E$>;&67" @+ #+;"<. G9") *95", $?")"
>7'),"D$<97"', $6' @";-', ,";"8;' >7$@<+9$)", ."?"9. 19!+
*95"
+K&+D$67"89-'
E$297'89@+;",
."87'&8"'
87'+E$>;&67"9") @">;" 1)+#2-# >7$87')+67"2$E2.
20
*95"' *B2" (7&<;" ,$>;-?$45$D E$297'89-) +0. G,+D.
!*B02, 5)*+,- 8*C0),/,2
21
*95", +:;$. (7&<;"9"', 1)+#2-# 3#'# @$6' +(79", &;&<;"
#."87''K$2$45. !+67'#" #8$9", 8;'."# >7$87'&9$45$.
22
*95", +:;$. (7&<;"9", @">;"," 8;'."# >7$87'&9$45$,
&D&95"' M&0#&)$, +'D"89- E$E9") &)$.
23
3+'#95&D"' 3#'# 1)+#2-# $D"8;' 87- 87'6'9", >7&E/)"..
G,+D.

4:15 I&>/?-D+/ 9">') /<(7 1:1.

4:16 =/##&(-D+>" >7&(") I&>/?-D+/ 9">-' H+, >7")&($67-89-, E$E$,
+>7"("89-' E$2$67.
4:18 F<&.)-?+2 /<(7 2:25.

70'2;<$-*"8 &B$B"', 4,2#15# 3#'# -"(&A+","8 7<'-"#

>0$70'9*$A+$. )*+"8 2/05/' 6$1"' 70'1$,2/0"1$D"'2, #$?
-"?" (0"D$>05><2 9A+ @$-"9 <5- 6#1"',2 @$-"?"*", 2>0'/0"'
70'2/0"7<"D*"'2 F6&-,&# 270$6>0"' >0$70'-9(0"<' @"6$1.
13
F6&-,&# 2D"' 705 >0$@","70'-"(&A+","8><2, 17$*"'
N&5?2>29,"*
39,&65(,"*
>0&("*"8
&?"#*"8
2D"'
14
@",&-"(&A+","8><2
#$,27$*+&1.
)2<&@"
N'>"'*
7<'
1(0"/0',"8," K28&#," 7<'-"# >0$70'&*$A+$. 15N&5?2>29 ?"#
17$*"82, P28-&D2, &B 2'D" B$@","<'/052," I$($# @"<'><"8
B$B*"82 &<&6<" #-"70''J$1$A+.
16
Q$ 1*$(0$8 70'@9?A"," 'A$8, N&5?2>29 B$<" I$($#
@"<'><"8 B$B*",2 8$ 1*$(0$8 9,"?A"*. L05,2 N&5?2>29 B$<"
I$($# @"<'><"8 B$B*"8 #21*$(0"' >0$70'-&,&/0"*+$B1$8
70'9?A.
17
C2'#*+&D$8 5 6670" >0$,2(0*+"/0" <5-$, /0";&><",
70'<'2, G,*266* #-970'<5A+.
18
!", %&'(, 8$ 7<'-"# /'B$<"*", #<"><" #"1*$*. Q$ <"*0'(0"*05' >0$#1$,&(0*+&/0", @$B$70'8$/0"/0'67"A+. 4,2#15#
$D"7<' 705 6#1"'82 >0$70'B9,"-. G82D.

4:12 F6&-,&# 96(0 1:7.

4:13 N&5?2>29 >0&(", 96(0 2:1.
4:13 39,&65( >0&(", =5(5##" >0&("8 >2(5891," 20-><" 6"I$A+"', 2198$, 1$/0"
>05*+"6<" (0"D$>05><" 21$/0.
4:14 N'>0" %&'( 2/05/5/05' J"," B$1$/0.
4:17 G,*266 96(0 V2(985D 2.

V, L0$<,",, =0"'D$@+, (:&/0"*"8 =0&*"1">@$=:$@+2,

4,2#15# C"-$C", =0$61,2/0"6#"D1.
15
H,$A0, A0'?","?<=:5,"8 2C"' A0'-"#&=0, ?"*"A:$=:$C$/0"
?28$:"*"8 A0'&-"8$>"', ?"*"A:$=:$C$/0" ?2:"*"8 A0'&-">"'
A0'?<=:'. 163/05, J("A0'8$/0"=:, #$>& 6:58" 8$ 8&-"*",
J?&>@"*"A0 &,$. 17H,$A0, A0'8$/'6A$#"' A0'8$?<=:',
18
B2'#*+&C$,
?$-&<,2
?$/',$@0'/0&:'.
!"C"6#$8=:"
?$A0'8$/0"'1&A0'. HD =0$*"=:$,", 8$*058$A:" 6#"'=:", &,$.
)*+"8 K6#" M0&6:2 2=0'/0"' A0'/'*"8 &,$@0'/0"(0.
19
V,">*"8=:2, 1*+"D$1*' 5,">*"8=:2, )*+"8 K6#" M0&6:"
A0'/'*"8 =0&,2(0*+"," 5,">*"8=:2 A0'?">"/'D$:. 70'/'
<1$/0"' B2'#*+&C$8 D$1*0' -"A0'A:"', <@+$8 6&< 5,"> =0&A0':5. 20)2 B2'#*+&C"' 3#'# 4,2#15# $9:"=:" :5- 6#1"'82 &6&<
)*+"' )$ (0&6:"8 D$1*0' -"A0'A: ?"6$1.
21
4,2#15# 2D$C&/05 A0'/'*"8 &,$(0"', A0'?"-":5,$A:.
%;*8072, :)072, 8,2,8,+0A0401/, +9.2
22

705, A0'?*",, B2'#*+&C$8 A0'?","-":5,$A:","8 -">"',

A0'2(:$*"82 A0'&-":5,$A:. 23!$>& 6:58" 4,2#15# L$($#
?":'=:"8 $A0*+"' ?","D$1$8 -">"', (:$,2 2A0'? $A0*+"' D$1.
N$($# ?":'=:", 4,2#15# $6=0"' D$1, <@+$,2 &,$ & 6=0$,
8$=:5>"' =0"?$/0"C"@+$,",. 24N$($# ?":'=:", 4,2#15#
?","-":5,$A:","8 -">"', A0'?$,2 #$> D$D$8=:2 2(:
-":5,$A:"C -&<.
25
4,2#15# L$($# ?":'=:", A:' $(0"/05', $6#" &D
?","-21$/0"8 -">"', *"1," (:2 2A0'? A:' <,"(0"/0'. 264,2#15#
$6#" ?$-21$/0", 6#$=:2* 2/'D$:"*"8=:2 L$($# ?":'=:"8
D$D*", $/0"=0&J?"*"', &*"8" /'=0"J?&/0" .:" *0'C"' &,$. 27HD
C"8$=:"', 4,2#15# $6#" ?$-21$/0", L$($# ?":'=:"8 2>"*&/0"=:",
J@+$/0", < ?"(0&/0", < &D -">" D$=:&/0" ?2 28$:"', /'=0"J?&/0"
2:"', (&@+" ?2 28$:"', <@+ $6&A0*+" ,2/0"'95C"' &,$.
28
HD -">"' (:$8 $6=0$ 'C&< -">"' 2A0'? A:' $(0"/0'C -&<.
B2A0'? A:' ?$(0"/0',"8 $A0*+" A:' <(0"/0'@+$.
29
B$82 <@+$8 $6=0 ?$=:2 $'>@"/0'@+$/0"6, &' 6=0$8
2D$=:&/0", ,</0"/051$ $=:2 </'/0', B2'#*+&C$, L$($#
5:26 6#$=:" '8"*0$C$, (<6(0 O&11" 3:1) &,$ ?$-2:5,",.

?":'=:"8 ?",</'/0',"8 -">"'; 30#$>& 6:58" 4,2#15# $6=0 1$D$D,

$( 1$D$D, 2=0'6A0*+"*"82 1&D$D. 31)*+"8 2/'D$:" 1*$/0"*"8
?",&,$1$8 -">"',* HD =0$*"=:$=:" (:$, .1"-.C"*"8
&*"=:$C$A0, 2A0'? /0'#" -"*0'C$A0, & 1:',2 ?$6=0 *0'D1$*.
32
H
/'D$:"*"8
A0"-"'
&*"(0$,
A0"-$A*':
!"
=0$?","?/',$:5,"8=:", & /'D$:"*", ?"*+$(:&/0"*", 4,2#15#,"
L$($# ?":'=:"8," &,$. 33H,"'D1"' A0'&D$D 6"6L0 <@+ $A0*+"
A:' ?",2(0"/0',"8 -">"', 2A0'?2 A:' <,"(0"/0'. 70'?$82 2(:
(0$1"C$/0" -<,"A:.
B'#D#$#%&'(
B4,-K1,/,72, K:;+06;,/,72, 8,2,8,+0A0401/, +9.2
705, J$C*",, B2'#*+&C$, A0'/'*"8 ?",&,$(0$8 6&<, A0'.1"A0'.C"*"8 A0'.>":'. H,"'D1"' ?$A0'A:$=:", 1","?"' A05?<=:5.
2
Q.1"," '.C"," (0$1"C$/0" &-"A:, $:'2, >@&,$ &6","
'C&A05'* )*+"8 8$ /0"/'/0"C$/0", ?",26*$/0",, 8$,"'D1"'
$:5?", 3A:'/0" =0$5*0'(:"C$8 $=:2 J"," 8$ >'C&<8
'D$6#"'C$8 6&<.
4
705, 1$*",2, A0'2J$C*", A0'8$/0"/'J@$*, &' B2'#*+&C$,
?","-&<8 1<1"', A0'6:'* $=:2 &/',$@0'/0&:'.
M1,)*4/,72, 4/?9794,/,72, 8,2,8,+0A0401/, +9.2
5

705, 'C":'1*",, 8$ >'C&<8 A0'1<1$-", A0'21*+&8&1"*"8

A0'&D$D$C"', A0'/'*",2 =:"?"?*"' A0'.>":', /' A0$6=0"=:2
4,2#15# A0'?",<>":',"8 -">"', &*"82 A0'.>":'. 670'.>":' #":5,
&'
&/'
=0$?">/0":'C
A0':5',
&C"*"8=:"
/0'C"
=0$?","A0'(0&-$,"8
$>"@+
2?&=056,
&'
4,2#15#
A0'?","-"(&@+","8 6&<, #$>2/0'2 A0'/' <1$/0"' A0'.>":'?",
)*+", ?$-&<, @0'/0"9&=:". 7P:$-*"8 A0'?",&-"(&@+","8 -">"'
5,"8$*0', B2'#*+&C$8 A0'?","-"(&@+","8 -">"', A0'2/'&6"'
A0'21*+&8&1"*"8
5:31 )*+"8 2/'D$:" 1*$/0"*"8 ?",&,$1$8 -">"' <6(0 %</0$8J&, O'#" &6","
1*$(0"' $1*$/0"8 2:24.
6:2-3 'C&A05, <6(0 %</0$8J&, O'#" .1-"C"," 1*$(0"' $1*$/0"8 5:16.

A0'&-"(&@+, 8#$>& 6:58" *"1 D$D 9:$-82, 'C":'182

A0*+&-2182, #$> -">" A:'/0" $A:"82, 2:"*+$A:' B2'#*+&C$8
&D =0$?","(02/0"#$D1$, A05 A05A:".
9
705, 1*+&8&1"*",, A05,2 A0'2'C":'1*"8 >@&D -">"'
A0'&>"?<=:5', 6*0"A&/0"=:" A0'&6"8$/05=:, #$>& 6:58" A05
J/0'21:'82 & ?$ B2'#*+&C$, '&A058 ?","D$A0'2:", A05A:"A0
&,$. H, 9:$-*"8 .1<6(0" <8$6(0"', 9:$- 6#1"',2 2?"-">"*"'
D$1$*.
>/?,7 3),@,-@;*9@,/,2
10

H'@$6=0"8 B2'#*+&C$8 2(0"=:$C$/0"A*5=:" =:'&L:"

?2@0'/0&:. 11)*+"8 2:"A"-A0'&A"*"8=:" ?"=:" ?$A0'-&6,
A"F1&C$8 21*+&/0"69:$/0" /'*"(0*"8 A0'&6"'9'@+$C$8 6&<.
12
!$>& 6:58" 1$?"?&5*",", ($8," (0$8," =0&*"*0'=:$/0"
9:$-*", &,"6, &' >@$C"69:" :"A0*+"1<1*",2, 1<1$/05 ?2:"*",2,
8$ >'C"< A:'C=:$8 26"D"A*5' >@$C&69:"*",2, J?">@&/0"8
2>@$C&69:"' 5A05 (0"C$=058=:" D$:"*",2 &,$. 13H,$A0, )*+"8
2:"A"A0'&A"*", =0"A0':"1$*, 8"-&<, =0$?$#=:", A0'?"=:"8$=:5@+$C$8 $=:2 ?"=:"82 A0'?&1<=:5 '@$8 A0'(0&=05*"8
A0'&1<1$C$8 6&<. 14T@&D -">"' 6$1"' A0'D$1; A0$6=0&/0",
A0'2J/$,$6*$8 -">"' ?2@0'/0&:; A0$6=0&/0"' )*+"8 $>"@+=:"
12:",2 &A05>@&C"8 -">"' ?$D$A0'(0. 15)*+"8 <@+$8
1<A:'@+$/0"' 1$?",2/0"*0',"8 2=0"J&,$A:' @0'/0":'C$8
2*+&?$,$C2 9'&=0"*"8 &-">"' ?$D$A0'(0. 16H*"8" &C"8$=:"',
A:5A0*0'C$/0", 8":'8* -">"' =0"A0':"1. HD=:" A"F1&C$8
2D"' 6(0$/0"*", @0'/0"=:5#"C*" A0'(0"=:$D1. 1770'8$=:5>"'
)*+"8 A0'=0$?",2/0"C"@+$,", 1&C>@"8 -">"' =0"A0':"1.
!"A*5' )*+"8 K6#" M0&6:" =0$A0'21$,", =0"A0':"1. H #"A*5,
)*+"8 2/'D$:"*", &,$. 18!$>2/0'2 )*+"8 K6#" M0&6:"
2(0"=:$C$/0"=:"
1*+"(0":'
6#1"'8=:2
A0'<(0":',
A0'2D$=:&/0"8=:2 )*+"8 A0'<(0":'. 70'#&=0"' $=:2
A0'<8$?"D"' )*+"8 29:$- (0&6:"*"8 ?"=:"8" A0'&-<(0":'
?"6$1.
19
!"D 6&2F, #$@" ?$?"1<#*$=:", =0"J&,$A:'8 2A0"/'A*5C$/0"=:" =0"#:5C*"' /'D$:"*", )*+"8 #$/' =0$6:16 8":' 6&#"8 >?"(:*"8 /0'L: *0',"<A*5' L&1"8 6":'&>?"' &:$/0$D1$/0", &,$.

,2(0*+&C*"' A0'<(0":'. 20:"*0'-(0"*0' =0$#1$,&(0*+&/0"', 8$

=0"J&,$A:'8
#$,2(:$=:'.
R0"J&,$A:',
/'A*5C$/0"=:"
=0$?","#:5C -&<8 -">"' =0"#:5C"' )*+"8 A0'=0$#-<(0":'.
!*E02, @)*+,- 6*A0),/,2
21

705,2 #2=0"J&,*"8," :5-*"' #A:"*","8," A0'A:"C*"8 6&<,

A:' 1(0"/0'," 1A$ )2*2=* ?"=:" A0'2/0"A:"D1. H, B2'#*+&C$8
2:5-=:" A0$6=0&/0"=:" :"6$:"/05' D$1. 22O$ :5- >">"' 12:5-*",
?$1<1*", A0'2/0"A:"C,2 A0'2/0"/'A*5C,2 &,$ )2*2=
A0'&>"@+ =0$?-"?/0&=:5,",.
23
)*+"' )$ (0&6:"8," B2'#*+&C"' 3#'# 4,2#15#," 1A$*"8
/'6#"-$C$/0"," A:'(0"/0'C$/0"' A:5A0*0'C$/0" ?2/0'#"8,"
24
=0&,&,"1.
O$=:5>$@+$C
A:'(0"/0'C$/0"
?2:"*"',
12
B2'#*+&C"' 3#'# A:' ?$(0"/0'*","8 )*+"8 $C"A:' =0&D<,"-.
H82C.

6:21 )2*2= <6(0 R5(. 4:7.