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ƯƧŭƓŁēðēěƛ sðŢƯðŗēěČðƐðČŁƧðČŁŮŢěŗěČƧŭƓðŗ

ēěŠěƛð 1ŗěČČŁŭŢěƛŢðČŁŭŢðŗěƛ˙˗˙˚
ŭŢƧěŢŁēŭ
˜ ÂƛŭēěŗŠðŢƯðŗ ˘ˠ ˚̻˛̻£ƓěƐðƓðČŁŮŢēěŗðŠěƛðēědžŭƧðČŁŮŢǍ
ðƓŠðēŭēěŗðƯƓŢð
˝ VŢƧƓŭēƯČČŁŮŢ ˙˗ ˚̻˜̻QðċŁŗŁƧðČŁŮŢēěŗČƯðƓƧŭŭƛČƯƓŭ
˙˘ ˚̻˝̻ ƯðƓƧŭ€ƛČƯƓŭČČěƛŁċŗě͒ €͓
˞ ðƐŃƧƯŗŭ˘̻1ŗěČČŁŭŢěƛ ˙˘ ˚̻˞̻ƯƧŭědžðŗƯðČŁŮŢ
˞ ˘̻˘̻̽¥ƯĜěŗěĴŁŠŭƛ̼
ˠ ˘̻˙̻1ŗěČƧŭƓěƛ́ðƛ ˙˙ ðƐŃƧƯŗŭ˛̻ƐěƓƧƯƓðǍēěƛðƓƓŭŗŗŭēěŗðČƧŭ
ˠ ̽¥ƯŁĜŢěƛƐƯěēěŢdžŭƧðƓ̼ ěŗěČƧŭƓðŗ
ˠ ̽ ƯñŗěƛƛŭŢŗŭƛēŭČƯŠěŢƧŭƛČŃdžŁČŭƛ ˙˙ ˛̻˘̻ƐěƓƧƯƓðēěŗðČƧŭěŗěČƧŭƓðŗ
ļðċŁŗŁƧðŢƧěƛƐðƓðdžŭƧðƓ̼͒ðƓƧŃČƯŗŭ˘˝˞̶ 1u͓ ˙˙ ˛̻˙̻£ƓŭČěēŁŠŁěŢƧŭēědžŭƧðČŁŮŢ
ˠ ̽¥ƯŁĜŢěƛŢŭƐƯěēěŢdžŭƧðƓ̼ ˙˚ ˛̻˚̻£ðƛŭƛƐðƓðdžŭƧðƓ
˘˗ ˘̻˚̻£ðēƓŮŢěŗěČƧŭƓðŗ ˙˛ ˛̻˛̻sěēŁēðƛēěðČČěƛŁċŁŗŁēðēěŗěČƧŭƓðŗ
˘˘ ˘̻˛̻ƯƧŭědžðŗƯðČŁŮŢ ˙˜ ˛̻˜̻ÙŭƧŭēěŁēěŢƧŁēðēŁŠƐƯĴŢðēð
˙˝ ˛̻˝̻ÙŭƧŭēěŗ ŭŠðŢēŭIěŢěƓðŗ1ŗěČƧŭƓðŗ
˘˙ ðƐŃƧƯŗŭ˙̻®ƯőěƧŭƛēěŗƐƓŭČěƛŭěŗěČƧŭƓðŗ ˙˝ ˛̻˞̻HƯŢČŁŭŢðŠŁěŢƧŭēěŗČƯðƓƧŭŭƛČƯƓŭ
˘˙ ˙̻˘̻ƯƧŭƓŁēðēěƛēěŠěƛð ˙˞ ˛̻˟̻ƯƧŭědžðŗƯðČŁŮŢ
˘˙ ˙̻˙̻HŁƛČðŗěƛƐðƓƧŁēðƓŁŭƛ́ðƛ
˘˚ ˙̻˚̻'ěŗěĴðēŭ́ðēěŗðeƯƛƧŁČŁðuðČŁŭŢðŗ ˙˟ ðƐŃƧƯŗŭ˜̻ ŗðƯƛƯƓðēěŗðČƧŭěŗěČƧŭƓðŗǍ
1ŗěČƧŭƓðŗ ěƛČƓƯƧŁŢŁŭ
˘˛ ˙̻˛̻ ŭŠðŢēŭIěŢěƓðŗ1ŗěČƧŭƓðŗ ˙˟ ˜̻˘̻ ŗðƯƛƯƓðēěŗðČƧŭěŗěČƧŭƓðŗ
˘˛ ˙̻˜̻£ěƓƛŭŢðŗēěŗ ŭƓƓěŭƓĴěŢƧŁŢŭ ˙ˠ ˜̻˙̻1ƛČƓƯƧŁŢŁŭēěŗðŠěƛð
˘˛ ˙̻˝̻ČŭŠƐðŬðŢƧěƛČŃdžŁČŭ͘ěŗěČƧŭƓðŗěƛ ˚˙ ˜̻˚̻ƯƧŭědžðŗƯðČŁŮŢ
˘˜ ˙̻˞̻ƯƧŭědžðŗƯðČŁŮŢ
˚˛ ðƐŃƧƯŗŭ˝̻ ŭŢijěČČŁŮŢēěŗðēŭČƯŠěŢƧðČŁŮŢ
˘˝ ðƐŃƧƯŗŭ˚̻£ƓěƐðƓðČŁŮŢēěŗðČƧŭěŗěČƧŭƓðŗ ˚˝ ˝̻˘̻ƯƧŭědžðŗƯðČŁŮŢ
˘˝ ˚̻˘̻£ƓěƛěŢƧðČŁŮŢēěŗðƛðƯƧŭƓŁēðēěƛēěŠěƛð
˘˞ ˚̻˙̻1ŢƧƓěĴðēěŠðƧěƓŁðŗěƛǍēŭČƯŠěŢƧðČŁŮŢ ˚˞ ðƐŃƧƯŗŭ˞̻'ědžŭŗƯČŁŮŢēěŗŠðƧěƓŁðŗěŗěČƧŭƓðŗ
˘ˠ ˚̻˚̻ČƓěēŁƧðČŁŮŢēěŗŭƛ́ðƛǠƛČðŗěƛ ˚˟ ˞̻˘̻ƯƧŭědžðŗƯðČŁŮŢ
ƐðƓƧŁēðƓŁŭƛ́ðƛ ˚ˠ ƯƧŭědžðŗƯðČŁŮŢ͘ƓěƛƐƯěƛƧðƛ

'ŁƓěČČŁŮŢuðČŁŭŢðŗ1ŗěČƧŭƓðŗ  ñŠðƓðuðČŁŭŢðŗ1ŗěČƧŭƓðŗ

 ϼVŢijŭ'Vu1   ϼ ðŠðƓð1ŗěČƧŭƓðŗ 

VŢijŭ'Vu1»Ù ñŠðƓðuðČŁŭŢðŗ1ŗěČƧŭƓðŗ

ðƓĴěŢƧŁŢð̻Ĵŭċ̻ðƓ́ēŁŢě ěŗěČƧŭƓðŗ̻Ĵŭċ̻ðƓ
ÂƛŭēěŗŠðŢƯðŗ
1ŗŠðŢƯðŗēěČðƐðČŁƧðČŁŮŢěŗěČƧŭƓðŗƐðƓððƯƧŭƓŁēðēěƛēěŠěƛðƛěČŭŠƐŭŢěēěƯŢðŁŢƧƓŭēƯČČŁŮŢǍƛŁěƧěČðƐŃƧƯŗŭƛ̻

VŢƧƓŭēƯČČŁŮŢ̵
'ěƛČƓŁċěŗðŁŠƐŭƓƧðŢČŁðēěŗðijƯŢČŁŮŢēěŗðƛðƯƧŭƓŁēðēěƛēěŠěƛðǍƛƯƛƐƓŁŢČŁƐðŗěƛƓěƛƐŭŢƛðċŁŗŁēðēěƛěŗēŃðēěŗð
ěŗěČČŁŮŢ̻

ðƐŃƧƯŗŭ˘̻1ŗěČČŁŭŢěƛ̵
£ƓŭƐŭƓČŁŭŢð ŁŢijŭƓŠðČŁŮŢĴěŢěƓðŗƛŭċƓěěŗČðƓñČƧěƓēěŗðƛěŗěČČŁŭŢěƛěŢŗðƛƒƯěƐðƓƧŁČŁƐðƓñěŁŢijŭƓŠðƛŭċƓěƒƯŁĜŢěƛ
ƛŭŢ ŗðƛ ƐěƓƛŭŢðƛ ČŭŢƛŁēěƓðēðƛ ěŗěČƧŭƓðƛ̶ ČŭŢ ƒƯĜ ēŭČƯŠěŢƧŭƛ ēěŁēěŢƧŁēðē ƐƯěēěŢ ěőěƓČěƓ ěŗ džŭƧŭ Ǎ ČŮŠŭ ƯƧŁŗŁǗðƓ
ČŭƓƓěČƧðŠěŢƧěěŗƐðēƓŮŢ̻

ðƐŃƧƯŗŭ˙̻®ƯőěƧŭƛēěŗƐƓŭČěƛŭěŗěČƧŭƓðŗ̵
VŢijŭƓŠð ƛŭċƓě ðƧƓŁċƯČŁŭŢěƛ Ǎ ijƯŢČŁŭŢěƛ ēě Ƨŭēðƛ ðƒƯěŗŗðƛ ƐěƓƛŭŢðƛ ƒƯě ƧŁěŢěŢ ðŗĴƯŢð ƐðƓƧŁČŁƐðČŁŮŢ ěŢ ěŗ ƐƓŭČěƛŭ
ěŗěČƧŭƓðŗČŭŠŭŗðƛðƯƧŭƓŁēðēěƛēěŠěƛð̶ijŁƛČðŗěƛƐðƓƧŁēðƓŁŭƛ̶ēěŗěĴðēŭƛǍēěŗěĴðēðƛēěŗðeƯƛƧŁČŁðuðČŁŭŢðŗ1ŗěČƧŭƓðŗ̶
ŁŢƧěĴƓðŢƧěƛēěŗ ŭŠðŢēŭIěŢěƓðŗ1ŗěČƧŭƓðŗ̶ƐěƓƛŭŢðŗēěŗ ŭƓƓěŭƓĴěŢƧŁŢŭǍðČŭŠƐðŬðŢƧěƛČŃdžŁČŭ͘ěŗěČƧŭƓðŗěƛ̻

ðƐŃƧƯŗŭ˚̻£ƓěƐðƓðČŁŮŢēěŗðČƧŭěŗěČƧŭƓðŗ̵
£ƓěƛěŢƧðƧŭēðƛŗðƛðČČŁŭŢěƛƒƯěƯƛƧěēČŭŠŭðƯƧŭƓŁēðēēěŠěƛðēěċěƓěðŗŁǗðƓƐðƓðƐƓěƐðƓðƓðēěČƯðēðŠěŢƧěěŗƓěČŁŢƧŭǍ
ŗðŠěƛðēŭŢēěƛědžŭƧðƓñ̻ ŭŢƧěŠƐŗðŗðƐƓěƛěŢƧðČŁŮŢēěŗðƛðƯƧŭƓŁēðēěƛēěŠěƛð̶ŗðƓěČěƐČŁŮŢēěŗŠðƧěƓŁðŗěŗěČƧŭƓðŗ̶ŗŭƛ
ēŭČƯŠěŢƧŭƛǍưƧŁŗěƛƒƯěŢěČěƛŁƧðƓñ̶ŗððČƓěēŁƧðČŁŮŢēěŗðƛƐěƓƛŭŢðƛƒƯěðČƧƯðƓñŢČŭŠŭijŁƛČðŗěƛǍěŗðČŭŢēŁČŁŭŢðŠŁěŢƧŭ
ǍļðċŁŗŁƧðČŁŮŢēěŗČƯðƓƧŭŭƛČƯƓŭ̻

ðƐŃƧƯŗŭ˛̻ƐěƓƧƯƓðǍēěƛðƓƓŭŗŗŭēěŗðČƧŭěŗěČƧŭƓðŗ̵
'ěƛČƓŁċěČƯñŗěƛƛŭŢŗðƛðČČŁŭŢěƛƒƯěēěċěƓěðŗŁǗðƓƐðƓðƒƯěƛěƐƯěēðēðƓŁŢŁČŁŭðŗðČƧŭěŗěČƧŭƓðŗěŢŗðŠěƛðƒƯěƯƛƧěē
ƐƓěƛŁēě̻ēěŠñƛ̶ŁēěŢƧŁijŁČðŗðƛŠěēŁēðƛēěðČČěƛŁċŁŗŁēðēěŗěČƧŭƓðŗƐðƓðƒƯěƧŭēðƛŗðƛƐěƓƛŭŢðƛƐƯěēðŢěőěƓČěƓěŗēěƓěČļŭ
ðŗdžŭƧŭ̀ēěƧðŗŗðČŮŠŭƐƓŭČěēěƓěŢěŗČðƛŭēěČŭŢƧðƓČŭŢČðƛŭƛēěěŗěČƧŭƓěƛ́ðƛðŗŭƛ́ðƛƒƯěƛěŗěƛļðǍðŁŠƐƯĴŢðēŭƛƯ
ŁēěŢƧŁēðēǍēěŗƐěƓƛŭŢðŗēěŗ ŭŠðŢēŭIěŢěƓðŗ1ŗěČƧŭƓðŗƒƯěěƛƧĜļðċŁŗŁƧðēŭƐðƓðdžŭƧðƓ̻®ěŬðŗðƧðŠċŁĜŢČŮŠŭēěċě
ijƯŢČŁŭŢðƓěŗČƯðƓƧŭŭƛČƯƓŭǍƒƯĜěƛŗŭƒƯěƛěēěċěļðČěƓěŢČðƛŭēěƒƯěijðŗƧěŢċŭŗěƧðƛēěƛƯijƓðĴŁŭ̻

ðƐŃƧƯŗŭ˜̻ ŗðƯƛƯƓðēěŗðČƧŭěŗěČƧŭƓðŗǍěƛČƓƯƧŁŢŁŭ̵
'ěƧðŗŗðŗðƛƧðƓěðƛƒƯěƯƛƧěēēěċěƓěðŗŁǗðƓƐðƓðƐŭēěƓČěƓƓðƓŗðŠěƛððŗijŁŢðŗŁǗðƓěŗðČƧŭěŗěČƧŭƓðŗǍēðƓŁŢŁČŁŭðŗěƛČƓƯƧŁŢŁŭ
ēěŗðŠěƛð̶ČðŗŁijŁČðŢēŭǍČŭŢƧðŢēŭŗŭƛdžŭƧŭƛČŭƓƓěČƧðŠěŢƧě̻

ðƐŃƧƯŗŭ˝̻ ŭŢijěČČŁŮŢēěŗðēŭČƯŠěŢƧðČŁŮŢ̵
VŢƛƧƓƯǍěƛŭċƓěŗðŠðŢěƓððēěČƯðēðēěČŭŠƐŗěƧðƓŗðēŭČƯŠěŢƧðČŁŮŢěŗěČƧŭƓðŗ̻

ðƐŃƧƯŗŭ˞̻'ědžŭŗƯČŁŮŢēěŗŠðƧěƓŁðŗěŗěČƧŭƓðŗ̵
VŢēŁČðēŮŢēěǍČŮŠŭĴƯðƓēðƓěŗŠðƧěƓŁðŗěŗěČƧŭƓðŗƐðƓðƛƯƐŭƛƧěƓŁŭƓěŢƧƓěĴððŗƐěƓƛŭŢðŗēěŗ ŭƓƓěŭƓĴěŢƧŁŢŭ̻

1ŗěČČŁŭŢěƛŢðČŁŭŢðŗěƛ˙˗˙˚͘ƯƧŭƓŁēðēěƛēěŠěƛð͘sðŢƯðŗēěČðƐðČŁƧðČŁŮŢěŗěČƧŭƓðŗ̻ ˜
VŢƧƓŭēƯČČŁŮŢ
'ěƛěŠƐěŬðƓƛěČŭŠŭðƯƧŭƓŁēðēēěŠěƛðěƛƯŢðēěŗðƛijƯŢČŁŭŢěƛŠñƛŁŠƐŭƓƧðŢƧěƛěŢěŗƐƓŭČěƛŭēěěŗěČČŁŮŢēěŠŭČƓñƧŁČð
ēěŗŭƛƓěƐƓěƛěŢƧðŢƧěƛēěŗƐƯěċŗŭðƓĴěŢƧŁŢŭǍļðċěƓƛŁēŭēěƛŁĴŢðēŭ́ðČŭŠŭƧðŗěƛƯŢļŭŢŭƓǍƯŢēěċěƓČŁƯēðēðŢŭ̻®Ư
ƐðƓƧŁČŁƐðČŁŮŢěƛdžŁƧðŗƐðƓðĴðƓðŢƧŁǗðƓƒƯěŗŭƛČŭŠŁČŁŭƛƛěēěƛðƓƓŭŗŗěŢēěŠðŢěƓðƧƓðŢƛƐðƓěŢƧěǍČŭŢijŁðċŗě̻

1ƛƧěŠðŢƯðŗŗěċƓŁŢēðƓñŗŭƛČŭŢŭČŁŠŁěŢƧŭƛŢěČěƛðƓŁŭƛƐðƓðěőěƓČěƓƛƯƛijƯŢČŁŭŢěƛěŢŗðƛ1ŗěČČŁŭŢěƛ£ƓŁŠðƓŁðƛċŁěƓƧðƛ̶
®ŁŠƯŗƧñŢěðƛǍ€ċŗŁĴðƧŭƓŁðƛ͒£®€͓ǍěŢŗðƛ1ŗěČČŁŭŢěƛIěŢěƓðŗěƛ̻

iĜðŗŭČŭŢðƧěŢČŁŮŢƐƓědžŁŭðŗŁŢŁČŁŭēěŗððČƧŁdžŁēðēǍƧĜŢĴðŗŭČŭŢƛŁĴŭēƯƓðŢƧěŗðőŭƓŢðēðěŗěČƧŭƓðŗ̶ǍðƒƯěŗěðǍƯēðƓñð
ēěƛƐěőðƓēƯēðƛǍƓěƛŭŗdžěƓČƯěƛƧŁŭŢěƛƒƯěƐƯěēěŢƛƯČěēěƓēƯƓðŢƧěěŗēŃðēěŗðěŗěČČŁŮŢ̻

®ŁƯƛƧěēěƛěŗ́ŗðƐƓěƛŁēěŢƧě́ðēěŠěƛð̵

̴1ƛŗðŠñnjŁŠððƯƧŭƓŁēðēēěŗðŠěƛð̻
̴ 1őěƓČě ƛƯƛ ijƯŢČŁŭŢěƛ ČŭŢ ðċƛŭŗƯƧð ŁŢēěƐěŢēěŢČŁð̻ »ðŢƧŭ ěŗ ƐěƓƛŭŢðŗ ēěŗ
ŭŠðŢēŭ IěŢěƓðŗ 1ŗěČƧŭƓðŗ ČŭŠŭ ěŗ́ŗð ēěŗěĴðēŭ́ð ēě ŗð eƯƛƧŁČŁð uðČŁŭŢðŗ
1ŗěČƧŭƓðŗ ƧŁěŢěŢ ČŭŠŭ ijƯŢČŁŮŢ ċƓŁŢēðƓŗě ðƛŁƛƧěŢČŁð ƐðƓð ěŗ ijƯŢČŁŭŢðŠŁěŢƧŭ
ðēěČƯðēŭēěŗðŠěƛð̻
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̴'ěċědžěŗðƓƐŭƓěŗČŭƓƓěČƧŭǍŢŭƓŠðŗēěƛðƓƓŭŗŗŭēěŗðČƧŭČŭŠŁČŁðŗěŢƛƯŠěƛð̻
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ƓěēěŢČŁðŗēěƐƓěƛŁēěŢƧě́ð
ǍdžŁČěƐƓěƛŁēěŢƧě́ð͒džŭČðŗ
ðƯnjŁŗŁðƓ̶͓ƒƯěēěċěƓñ
ČŭŠƐŗěƧðƓǍƧěŢěƓŗð
ČŭŗŭČðēðēěijŭƓŠð
ƛŁěŠƐƓědžŁƛŁċŗěēƯƓðŢƧě
ƧŭēðŗðőŭƓŢðēð̻

˛̻HðőðƛēěƛěĴƯƓŁēðē̻ ˜̻®ŭċƓěƛƐðƓðŗð슣ƛŁŮŢēěŗdžŭƧŭ̻

'ŭƛijðőðƛðƯƧŭðēļěƛŁdžðƛēě
ƛěĴƯƓŁēðēǍƯŢðƐŗðŢČļðēěČŁŢČŭ
ðƯƧŭðēļěƛŁdžŭƛƐðƓðƛěŗŗðƓŗðƯƓŢð̻

˝̻®ŭċƓěƛ̶ðČƧðƛČŭŠƐŗěŠěŢƧðƓŁðƛǍijŭƓŠƯŗðƓŁŭƛěƛƐěČŁðŗěƛ̻

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ƐðēƓŮŢēěŗ́ēěŗðƐƓěƛŁēěŢƧě́ðēěŠěƛð̶džŭƧŭƛēě ͒ðŗēědžŭŗdžěƓŗŭƛŠðƧěƓŁðŗěƛ͓̻
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ēěŗ ŭŠðŢēŭIěŢěƓðŗ1ŗěČƧŭƓðŗ̻

ˠ̻ČƧðƛēěðƐěƓƧƯƓðǍēěČŁěƓƓě̻ ˘˗̻ČƧðēěěƛČƓƯƧŁŢŁŭ̻ ˘˘̻ ěƓƧŁijŁČðēŭēěěƛČƓƯƧŁŢŁŭ̻

'ěŢƧƓŭēěŗěőěŠƐŗðƓēěŗƐðēƓŮŢ
ēěðƯƧŭƓŁēðēēěŠěƛð̻

˘˙̻»ěŗěĴƓðŠð̻ ˘˚̻ŭŗěƧðƛƐðƓƧŁēðƓŁðƛ͒ěŢČðƛŭ ˘˛̻ÂŢěőěŠƐŗðƓēěČðēðƯŢð


ēěƒƯěŗðƛðĴƓƯƐðČŁŭŢěƛƐŭŗŃƧŁČðƛ ēěŗðƛċŭŗěƧðƛŭijŁČŁðŗŁǗðēðƛ̶
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eƯƛƧŁČŁðuðČŁŭŢðŗ1ŗěČƧŭƓðŗ̻

'ěŢƧƓŭēěŗƛŭċƓěċŭŗěƧðŭijŁČŁðŗŁǗðēð̻

˘˟ 1ŗěČČŁŭŢěƛŢðČŁŭŢðŗěƛ˙˗˙˚͘ƯƧŭƓŁēðēěƛēěŠěƛð͘sðŢƯðŗēěČðƐðČŁƧðČŁŮŢěŗěČƧŭƓðŗ̻
˘˜̻gŁƧēěưƧŁŗěƛ̻ ˘˝̻ ðƓƧěŗěƓŃð̻

˘˞̻'ŁƛƐŭƛŁČŁŭŢěƛŗěĴðŗěƛ̻ ˘˟̻ÂŢēŃƐƧŁČŭČŭŢ ˘ˠ̻®ŭċƓěċŭŗƛð ˙˗̻¦ěČŁċŭēěƓěČěƐČŁŮŢǍěŢƧƓěĴð


ƓěČŭŠěŢēðČŁŭŢěƛ ěƛƐěČŁðŗƐðƓð ēěŠðƧěƓŁðŗěƛǍēŭČƯŠěŢƧðČŁŮŢ̶
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ŮēŁĴŭ1ŗěČƧŭƓðŗuðČŁŭŢðŗ
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ǍěnjƧƓðČƧŭēěŗðŗěǍ˙˝̻˜˞˘̻

ˮ͈ˮ͈ČƓěēŁƧðČŁŮŢēěŗŭƛ͌ðƛijŁƛČðŗěƛƐðƓƧŁēðƓŁŭƛ͌ðƛ

 ČŭŢƧŁŢƯðČŁŮŢ̶ ƐƓŭČěēěƓñ ð džěƓŁijŁČðƓ ŗð ŁēěŢƧŁēðē Ǎ ŗŭƛ ƐŭēěƓěƛ ēě ŗŭƛ́ðƛ


ijŁƛČðŗěƛ̻

1Ţ ěŗ Čðƛŭ ēě ƒƯě Ţŭ ƛě ěŢČƯěŢƧƓěŢ ěŢ ŗð ƐƓěƐðƓðČŁŮŢ ēěŗ ðČƧŭ ěŗěČƧŭƓðŗ̶
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ČðƓƧěŗěƓŃð̻

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ěŢŗðƛƛŭŗðƐðƛ̵

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ðċěƓƧƯƓðƐðƓðŗðŁŢƧƓŭēƯČČŁŮŢēěŗŭƛ ŗŭƛ́ðƛijŁƛČðŗěƛðČƓěēŁƧðēŭƛ́ðƛěŢŗð
ƛŭċƓěƛ̻®ŁēŁČļððċěƓƧƯƓðƒƯěēðƓð Šěƛð̻
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˘̻iŗěŢðƓŗŭƛěƛƐðČŁŭƛěŢċŗðŢČŭēěŗðČƧð̻

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ƛěðŢēěŗ́ēěŗðěŗěČƧŭƓ́ð̻

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ðƐŃƧƯŗŭ˜̻ ŗðƯƛƯƓðēěŗðČƧŭěŗěČƧŭƓðŗ
ǍěƛČƓƯƧŁŢŁŭ
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ŭŠƐðƓðƓ ŗð ČðŢƧŁēðē ēě ƐěƓƛŭŢðƛ ƒƯě ļðŢ džŭƧðēŭ ČŭŢ ®ěƐðƓðƓŗŭƛƛŭċƓěƛēědžŭƧŭēěŁēěŢƧŁēðēŁŠƐƯĴŢðēðǍēěŗ
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ČðŢƧŁēðēěŢěŗðČƧðēěěƛČƓƯƧŁŢŁŭ̶ƧěŗěĴƓðŠðǍČěƓƧŁijŁČðēŭ̻

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ēěŗðČƧŭěŗěČČŁŭŢðƓŁŭǍŗðƛƒƯěļðĴðŢČŭŢƓěijěƓěŢČŁððŗěƛČƓƯƧŁŢŁŭ̶ƛŁŗðƛ
ļƯċŁěƓð͒ðēőƯŢƧðŢēŭŗðƛðČƧðƛČŭƓƓěƛƐŭŢēŁěŢƧěƛ͓̻
˜QŭƓðēěijŁŢðŗŁǗðČŁŮŢēěŗěƛČƓƯƧŁŢŁŭ̻
˝®ƯijŁƓŠð̶ðČŗðƓðČŁŮŢǍ'uVǍěŗēěŗ́ēěŗðdžŁČěƐƓěƛŁēěŢƧě́ð͒džŭČðŗðƯnjŁŗŁðƓ͓̻

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˱͈ˬ͈ƯƧŭědžðŗƯðČŁŮŢ

¦ěƛƐŭŢēðŗðƛƛŁĴƯŁěŢƧěƛƐƓěĴƯŢƧðƛ̵

˘̻̽1ŢƒƯĜēŭČƯŠěŢƧŭƛŗððƯƧŭƓŁēðēēěŠěƛðēěċědžŭŗČðƓŗŭƛƓěƛƯŗƧðēŭƛēěŗěƛČƓƯƧŁŢŁŭ̼



˙̻iƯěĴŭēěČŭŠƐŗěƧðƓēŁČļŭƛēŭČƯŠěŢƧŭƛ̶̽ƒƯĜēěċěƓěðŗŁǗðƓŗððƯƧŭƓŁēðēēěŠěƛð̼

˚˝ 1ŗěČČŁŭŢěƛŢðČŁŭŢðŗěƛ˙˗˙˚͘ƯƧŭƓŁēðēěƛēěŠěƛð͘sðŢƯðŗēěČðƐðČŁƧðČŁŮŢěŗěČƧŭƓðŗ̻
ðƐŃƧƯŗŭ˞̻'ědžŭŗƯČŁŮŢēěŗŠðƧěƓŁðŗěŗěČƧŭƓðŗ
ÂŢðdžěǗƓěðŗŁǗðēŭěŗěƛČƓƯƧŁŢŁŭēěŠěƛð̶ǍČŭŠƐŗěƧðēðŗðēŭČƯŠěŢƧðČŁŮŢ̶ēěċěƓñðĴƓƯƐðƓěŗŠðƧěƓŁðŗěŗěČƧŭƓðŗēěŗð
ƛŁĴƯŁěŢƧěijŭƓŠðƐðƓðƛƯěŢƧƓěĴððŗƐěƓƛŭŢðŗēěŗ ŭƓƓěŭƓĴěŢƧŁŢŭ̵

˘ 'ěŢƧƓŭēěŗðƯƓŢðēěċěČŭŗŭČðƓͅ

Ο Ο
ŭŗěƧðƛǍƛŭċƓěƛēěŗŭƛ ěƓƧŁijŁČðēŭēěěƛČƓƯƧŁŢŁŭƐðƓð ŁěƓƓěŗðƯƓŢðČŭŢŗðijðőðēě
džŭƧŭƛČŭŠƐƯƧðēŭƛ̻ ŗðeƯƛƧŁČŁðuðČŁŭŢðŗ1ŗěČƧŭƓðŗ̻ ƛěĴƯƓŁēðē̻'ěċěěƛƧðƓijŁƓŠðēðƐŭƓ
ƯƛƧěē̶ěŗ́ŗðdžŁČěƐƓěƛŁēěŢƧě́ðǍŗŭƛ́ðƛ
ijŁƛČðŗěƛƐƓěƛěŢƧěƛēěŢƧƓŭēěŗČƯðƓƧŭ
ŭƛČƯƓŭ̻

˙ 'ěŢƧƓŭēěŗċŭŗƛŃŢƐŗñƛƧŁČŭěƛƐěČŁðŗƐðƓðēědžŭŗƯČŁŮŢēěðČƧðƛͅ

Ο Ο
£ðēƓŮŢƯƧŁŗŁǗðēŭ̻ ČƧðƛČŭŢijěČČŁŭŢðēðƛ̵ ÙŭƧŭƛƓěČƯƓƓŁēŭƛ̶džŭƧŭƛēěŁēěŢƧŁēðēŁŠƐƯĴŢðēð
ðƐěƓƧƯƓð̶ČŗðƯƛƯƓð̶ěƛČƓƯƧŁŢŁŭ ǍdžŭƧŭēěŗ ŭŠðŢēŭIěŢěƓðŗ1ŗěČƧŭƓðŗ̻iƯěĴŭēě
ǍðČƧðƛČŭŠƐŗěŠěŢƧðƓŁðƛ̻ ĴƯðƓēðƓŗðēŭČƯŠěŢƧðČŁŮŢ̶ČŁěƓƓěěŗċŭŗƛŃŢČŭŢěŗ
ƐƓěČŁŢƧŭƓŭőŭ̻

1ŗěČČŁŭŢěƛŢðČŁŭŢðŗěƛ˙˗˙˚͘ƯƧŭƓŁēðēěƛēěŠěƛð͘sðŢƯðŗēěČðƐðČŁƧðČŁŮŢěŗěČƧŭƓðŗ̻ ˚˞
˚ 'ěŢƧƓŭēěŗƛŭċƓěěƛƐěČŁðŗƐðƓðēědžŭŗƯČŁŮŢēěưƧŁŗěƛͅ

Ο Ο
ŭŗěƧðƛŢŭƯƧŁŗŁǗðēðƛ̻ ®ŭċƓěƛƛŁŢƯƧŁŗŁǗðƓ̻ ÃƧŁŗěƛǍƐðƐěŗěƓŃð
ƛŭċƓðŢƧě̻

˛ 1ŢƧƓěĴƯěƯƛƧěēðŗƐěƓƛŭŢðŗēěŗ ŭƓƓěŭƓĴěŢƧŁŢŭðƛŁĴŢðēŭͅ

Ο Ο
»ěŗěĴƓðŠð̻ ÂƓŢðČěƓƓðēðČŭƓƓěČƧðŠěŢƧěČŭŢ
ŢðČěƓƓðēðČŭƓƓěČƧðŠěŢƧě ŭŗƛŃŢƐŗñƛƧŁČŭ
ƛƯijðőðēěƛěĴƯƓŁēðēǍijŁƓŠðēðƐŭƓ ěƛƐěČŁðŗƐðƓð
ƯƛƧěē̶ěŗ́ŗðdžŁČěƐƓěƛŁēěŢƧě́ð͒džŭČðŗ ēědžŭŗƯČŁŮŢēěðČƧðƛ̻
ðƯnjŁŗŁðƓ͓ǍijŁƛČðŗěƛ̻

¦ěČƯěƓēěƒƯěēěċěěŢƧƓěĴðƓðŗŭƛ́ðƛijŁƛČðŗěƛƐðƓƧŁēðƓŁŭƛ́ðƛČŭƐŁðēěŗČěƓƧŁijŁČðēŭēěěƛČƓƯƧŁŢŁŭ̻1ŗ́ŗð
ěŠƐŗěðēŭ́ðēěŗ ŭƓƓěŭƓĴěŢƧŁŢŭěnjƧěŢēěƓñƯŢƓěČŁċŭƐŭƓēƯƐŗŁČðēŭ̻ÂŢŭēěěŗŗŭƛƛěƓñƓ슣ƧŁēŭƐŭƓĜŗ́ěŗŗððŗðeƯƛƧŁČŁð
uðČŁŭŢðŗ1ŗěČƧŭƓðŗǍƯƛƧěēČŭŢƛěƓdžðƓñěŗŭƧƓŭƐðƓðƛƯƓěƛƐðŗēŭ̻

˲͈ˬ͈ƯƧŭědžðŗƯðČŁŮŢ

ÂŢðČŭŢijŗěČļðƛƧěŢŁěŢēŭěŢČƯěŢƧðēŮŢēěēěċěĴƯðƓēðƓěŗŠðƧěƓŁðŗǍŗðēŭČƯŠěŢƧðČŁŮŢƐðƓðƛƯēědžŭŗƯČŁŮŢ̵

®ŭċƓěƛƛŁŢƯƛðƓ̻

ŭŗěƧðƛǍƛŭċƓěƛēěŗŭƛdžŭƧŭƛČŭŠƐƯƧðēŭƛ̻

ÂƓŢð
ČƧðēěðƐěƓƧƯƓð̶ČŗðƯƛƯƓð̶ěƛČƓƯƧŁŢŁŭ
ǍðČƧðƛČŭŠƐŗěŠěŢƧðƓŁðƛ̻

ěƓƧŁijŁČðēŭēěěƛČƓƯƧŁŢŁŭ̻

ÃƧŁŗěƛǍƐðƐěŗěƓŃðƛŭċƓðŢƧě̻
ŭŗƛŃŢƐŗñƛƧŁČŭ

£ðēƓŮŢ̻

ÙŭƧŭƛēěŁēěŢƧŁēðēŁŠƐƯĴŢðēð̶ēěŗ
ŭŠðŢēŭIěŢěƓðŗ1ŗěČƧŭƓðŗǍƓěČƯƓƓŁēŭƛ̻

®ŭċƓě͘ċŭŗƛðěƛƐěČŁðŗƐðƓð ŭŗěƧðƛƛŁŢƯƛðƓ̻
ēědžŭŗƯČŁŮŢēěưƧŁŗěƛ

˚˟ 1ŗěČČŁŭŢěƛŢðČŁŭŢðŗěƛ˙˗˙˚͘ƯƧŭƓŁēðēěƛēěŠěƛð͘sðŢƯðŗēěČðƐðČŁƧðČŁŮŢěŗěČƧŭƓðŗ̻
ƯƧŭědžðŗƯðČŁŮŢ͘ƓěƛƐƯěƛƧðƛ
ðƐŃƧƯŗŭ˘̵
˘̻1Ţŗðƛ£ƓŁŠðƓŁðƛċŁěƓƧðƛ̶®ŁŠƯŗƧñŢěðƛǍ€ċŗŁĴðƧŭƓŁðƛ͒£®€͓ēěijŁŢŁƓěŠŭƛěŢƧƓěŗðƛŗŁƛƧðƛēěƐƓěČðŢēŁēðƧŭƛ́ðƛēěŗðƛðĴƓƯƐðČŁŭŢěƛƐŭŗŃƧŁČðƛƒƯŁĜŢěƛ
ƛěƓñŢŗŭƛ́ðƛČðŢēŁēðƧŭƛ́ðƛēěČðēðƯŢðēěěŗŗðƛěŢŗðƛ1ŗěČČŁŭŢěƛIěŢěƓðŗěƛ̻
1Ţŗðƛ1ŗěČČŁŭŢěƛIěŢěƓðŗěƛƛěěŗěĴŁƓñŢ̵
͘£ƓěƛŁēěŢƧě́ðǍdžŁČěƐƓěƛŁēěŢƧě́ð̻
͘˘˚˗ēŁƐƯƧðēŭƛŢðČŁŭŢðŗěƛěŢƧŭēŭěŗƐðŃƛǍ˙˛ƛěŢðēŭƓěƛŢðČŁŭŢðŗěƛěŢ˟ēŁƛƧƓŁƧŭƛ̻
͘˘ˠƐðƓŗðŠěŢƧðƓŁŭƛēěŗsěƓČŭƛƯƓ͕ēŁƛƧƓŁƧŭŢðČŁŭŢðŗ͕̻
͘˙˛ƐðƓŗðŠěŢƧðƓŁŭƛēěŗsěƓČŭƛƯƓ͕ēŁƛƧƓŁƧŭƓěĴŁŭŢðŗ͕̻
˙̻uŭ̀ƛěƓěŢŭdžðƓñŢƛěŢðēŭƓěƛŢðČŁŭŢðŗěƛưŢŁČðŠěŢƧěěŢ ðƧðŠðƓČð̶ ļƯċƯƧ̶ ŮƓēŭċð̶ ŭƓƓŁěŢƧěƛ̶ið£ðŠƐð̶sěŢēŭǗð̶®ðŢƧðHěǍ»ƯČƯŠñŢ̻
˚̻'ěċěƐěƓŠŁƧŁƓŗědžŭƧðƓ̻
˛̻ ƯðŢēŭēƯēěēěŗðŁēěŢƧŁēðēēěŗ́ēěŗðěŗěČƧŭƓ́ðŭƛěƐƓěƛěŢƧðƯŢ́ðěŗěČƧŭƓ́ðŁēěŢƧŁijŁČðēŭ́ðČŭŠŭðƯƛěŢƧěƐŭƓēěƛðƐðƓŁČŁŮŢijŭƓǗðēð̻
˜̻ð͓ÙěƓēðēěƓŭċ͓HðŗƛŭČ͓Hðŗƛŭē͓Hðŗƛŭ̻

ðƐŃƧƯŗŭ˙̵
˘̻Hðŗƛŭ˙̻ÙěƓēðēěƓŭ˚̻Hðŗƛŭ˛̻ÙěƓēðēěƓŭ̻

ðƐŃƧƯŗŭ˚̵
˘̻Hðŗƛŭ˙̻ÙěƓēðēěƓŭ˚̻Hðŗƛŭ̻

ðƐŃƧƯŗŭ˛̵
˘̻Hðŗƛŭ˙̻ÙěƓēðēěƓŭ˚̻Hðŗƛŭ˛̻ÙěƓēðēěƓŭ˜̻ÙěƓēðēěƓŭ˝̻Hðŗƛŭ̻

ðƐŃƧƯŗŭ˜̵
˘̻Hðŗƛŭ˙̻Hðŗƛŭ˚̻ÙěƓēðēěƓŭ˛̻ÙěƓēðēěƓŭ˜̻Hðŗƛŭ˝̻Hðŗƛŭ̻

ðƐŃƧƯŗŭ˝̵
˘̻iððƯƧŭƓŁēðēēěŠěƛðēěċěƓñƧƓðŢƛČƓŁċŁƓŗŭƛƓěƛƯŗƧðēŭƛěŢ̵˘͓ðČƧðēěěƛČƓƯƧŁŢŁŭ̶˙͓ČěƓƧŁijŁČðēŭēěěƛČƓƯƧŁŢŁŭǍ˚͓ƧěŗěĴƓðŠð̻
˙̻ ŭŢČŗƯŁēŭěŗŗŗěŢðēŭēěŗðēŭČƯŠěŢƧðČŁŮŢěŗěČƧŭƓðŗČŭŢŗŭƛƓěƛƯŗƧðēŭƛēěŗěƛČƓƯƧŁŢŁŭēěŠěƛð̶ŗððƯƧŭƓŁēðēēěċěƓñČŭŠƐŗěƧðƓěŗðČƧðēěČŁěƓƓě̻

ðƐŃƧƯŗŭ˞̵
˘̻ÂƓŢð̵ċŭŗěƧðƛǍƛŭċƓěƛēěŗŭƛdžŭƧŭƛČŭŠƐƯƧðēŭƛǍČěƓƧŁijŁČðēŭēěěƛČƓƯƧŁŢŁŭ̻
ŭŗƛŃŢƐŗñƛƧŁČŭƐðƓðēědžŭŗƯČŁŮŢēěðČƧðƛ̵ƐðēƓŮŢ̀ðČƧðƛēěðƐěƓƧƯƓð̶ČŗðƯƛƯƓð̶ěƛČƓƯƧŁŢŁŭǍðČƧðƛČŭŠƐŗěŠěŢƧðƓŁðƛ̀ŗŭƛdžŭƧŭƛƓěČƯƓƓŁēŭƛǍēěŁēěŢƧŁēðē
ŁŠƐƯĴŢðēð̻
®ŭċƓě͘ċŭŗƛðěƛƐěČŁðŗƐðƓðēědžŭŗƯČŁŮŢēěưƧŁŗěƛ̵ưƧŁŗěƛǍƐðƐěŗěƓŃðƛŭċƓðŢƧě̶ƛŭċƓěƛƛŁŢƯƛðƓǍċŭŗěƧðƛƛŁŢƯƛðƓ̻

1ŗěČČŁŭŢěƛŢðČŁŭŢðŗěƛ˙˗˙˚͘ƯƧŭƓŁēðēěƛēěŠěƛð͘sðŢƯðŗēěČðƐðČŁƧðČŁŮŢěŗěČƧŭƓðŗ̻ ˚ˠ

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