Kader 137

Page 1

0= H4B

J D> > @ 44= A> ;83 08@4 B> 4: > < AB J D> > @ 44= 64R= B46@44@3 4 : 03 4@E 4@: 8= 6 J D> > @ D> > @ 44= A> 2 800;0@1483 A@42 7B

> : B = > D 3 42 I $43 4= 1;03 D0= 74B& 0B8> = 00;-4@1> = 3 D> > @ # 03 4@?4@A> = 44;I ,8B60D4 $ & -#

*,/

?LOP\YTP_a]2 != B4@= 0B8> = 0;4 0@1483 A64A2 78;;4=


#(-301-%%.

-> > @ < 44@ TYWTNS^TYRPY 69F?BA99@!8=D;BA< GBBD!39<=DC=DEBA==@ JfUVc^R_decRRe!0 -+++!8_ehVcaV_ eV])!+.!--+!32!.2 WRi!+.!--+!34!3. 2"59?@ F<?@L*<>P$>M>%=@

=YYZ`L^TP G^!`_kV!eVhVc\deV]]Z_X!Z_!UV!e`V\`^de!eV!gcZ[hRcV_'!kf]]V_!hV!Z__`gReZVW!^`VeV_!kZ[_)! EVVc!_`X!UR_!_f)!8]]VV_!k`!kR]!=fc`aR!hV]gRRce!V_!hV]kZ[_!\f__V_!T`^SZ_VcV_!V_!kf]( ]V_!VT`_`^ZdTYV!Xc`VZ!V_!d`TZR]V!cVTYegRRcUZXYVZU!V]\RRc!T`^a]V^V_eVcV_)!<VkV!deV]]Z_X! Y``c![V!UV!]RRedeV!^RR_UV_!deVVUd!gR\Vc)

JPM]T^P CNNK(&&QQQ%IPF%=@

<VkV!\VfkV!g``c!Z__`gReZV!gVcXe!T`_TcVeV!^RRecVXV]V_!UZV!VV_!\]Z^RRe!dTYVaaV_!hRRc( SZ__V_!DIIJP<ND@A:?@IF@I!h`cUe!XVdeZ^f]VVcU)!FRRde!YVe!DIIJP<ND@A:?@IF@I:kR]!YVe!Vc!Z_! SV]R_XcZ[\V!^ReV!`^!XRR_!`^!`a!UV!^VVde!VWmTZs_eV!^R_ZVc!^ZUUV]V_!V_!^V_dV_!Z_!eV! kVeeV_)

6ZWZQZY <VkV!fZeXRgV! gVcdTYZ[_e!gZVc!^RR]! aVc![RRc!V_!h`cUe! gVcdeffcU!_RRc!R]]V! ]VUV_

ERRc!hV]\V!Z__`gReZV!hZ]]V_!hV7!FZV^R_U!\R_!SVehZdeV_!URe!UV!SR_\V_!YVe!g``cSZ[V! UVTV__Zf^!Z__`gReZVW!kZ[_!XVhVVde)!PV!YVSSV_!_ZVfhV!ac`UfTeV_!`_ehZ\\V]U!V_!^ZU( UV]V_!XVg`_UV_!`^!kV!RR_!UV!^R_!eV!ScV_XV_)!?VUfcV_UV!VV_!UVTV__Zf^!YVVWe!URe!eV( hVc\deV]]Z_X!V_!hZ_deV_!XVTcVsVcU)!K`V_!S]VV\!URe!UZV!Z__`gReZVgV!ac`UfTeV_!^VVc!]fTYe! SVgReeV_!UR_!VV_UVc!hV]\V!R_UVcV!dfSdeR_eZV)!<V!T`ccVTeZV!UZV!URRc`a!g`]XUV!YVVWe!YVV]! hRe!hVc\_V^Vcd!XVec`WWV_)!KVchZ[]!UV!SVfckV_!kZTY!R]!YVcdeV]]V_'!hVc\V_!UV!XVg`]XV_! g``c!UV!hVc\_V^Vcd!_`X!deVVUd!U``c!o!^Ve!YVV]!hRe!`_ed]RXV_!e`e!XVg`]X)!

IZ\XRP`TYR QQQ%R$J>%>JH 9Z^Zk] 9V]XR MR_!HRcjd!EVUZR <R_Zs]!Ijd

8]d!Z__`gReZV!VV_!^ZUUV]!Zd!`^!VT`_`^ZdTYV!hV]gRRce!V_!d`TZR]V!cVTYegRRcUZXYVZU!eV! TcVscV_'!Zd!URRcg``c!VV_!UfZUV]Z[\!\RUVc!_`UZX)!<V!cV]VgR_eZV!gR_!UV!Z__`gReZV!^`Ve!SV( dacVV\SRRc!XV^RR\e!h`cUV_)!<V!gVc_ZVfhZ_X!^`Ve!Z_!UV!VVcdeV!a]RRed!^RRedTYRaaV]Z[\! cV]VgR_e!kZ[_)!

<ZZQO\POLN^TP I`XVc!MR_UV_afe'! BR_!<V!HRVaV

A__`gReZV!Zd!Ufd!``\!_`UZX!Z_!UV!R^SZeZV!`^!^VVc!cVTYegRRcUZXYVZU!V_!XV]Z[\V!\R_dV_!eV! TcVscV_)!NV!UV_\V_!UR_!RR_!VV_!SVeVcV!Z__Z_X!gR_!SV]RdeZ_XV_!`W!SVeVcV!\R_dV_!g``c! [`_XVcV_!`a!UV!RcSVZUd^Rc\e)!NZ]]V_!hV!VV_!Z__`gReZVW!SV]VZU!URe!UV!UfR]ZeVZe!Z_!UV! ^RRedTYRaaZ[!_`X!]RRe!e`V_V^V_7!=_!hV]\V!^VUZTReZV!XRR_!hV!URRceVXV_!UV!g`]XV_UV! [RcV_!`_ehZ\\V]V_7

8TYO\POLN^TP BR_!<VTVf_j_T\ 7\_VVP\TU 8ce``d! ;`^^f_ZTReZVXc`Va

A__`gReZV!k`f!``\!VeYZdTY!gVcR_eh``cU!^`VeV_!kZ[_)!JeVVUd!gR\Vc!eRde!hVeV_dTYRaaV]Z[\! `_UVck`V\!UV!^`cR]ZeVZedXcV_kV_!RW)!G`\!URRc!^`VeV_!hV!VT`_`^ZdTYV!g``cUV]V_!RWhV( XV_!eVXV_`gVc!`_kV!VeYZdTYV!_`c^V_)!

-4@0= BE > > @3 4;89: 4 HT^RP`P\ I`XVc!MR_UV_afe JfUVc^R_decRRe!0 -+++!8_ehVcaV_

G_UVck`V\!V_!`_ehZ\\V]Z_X!^`VeV_!kZTY!T`_TV_ecVcV_!`a!UV!Xc`eV!fZeURXZ_XV_!hRRc!hV! g``c!deRR_)!<Re!Zd!kV\Vc!YVe!^Z]ZVf'!Z_!kZ[_!^VVde!cfZ^V!SVeV\V_Zd5!;G-(fZede``e'!V_Vc( XZVSVdaRcZ_X'!UV!ac`UfTeZV!gR_!g`VUdV]!g``c!UV!e`V_V^V_UV!hVcV]USVg`]\Z_X) =c!kZ[_!XcV_kV_!RR_!Z__`gReZV)!PV!^`Ve!^RRedTYRaaV]Z[\V!cV]VgR_eZV!YVSSV_'!VeYZdTY! gVcR_eh``cU!kZ[_!V_!VV_!R_eh``cU!SZVUV_!`a!UV!fZeURXZ_XV_!UZV!g``c!`_d!]ZXXV_) ERRc!Z__`gReZV!YVVWe!``\!g``chRRcUV_!_`UZX)!=c!Zd!gZdZV!g``c!_`UZX'!]VZUVcdTYRa!V_! VV_!URRU\cRTYeZXV!`gVcYVZU'!UZV!deVc\!XV_`VX!Zd!`^!Z_!eV!XRR_!eVXV_!UV!hVVcdeR_U!gR_! SVUcZ[gV_!V_!SfcXVcd) )> 64@ -0= 3 4= ?CB & 0B8> = 00; A42 @4B0@8A& -# %!

4/0"683!3.127!$&*


!= 3 8B= C< < 4@

)-

$4: 4= @42 7B4@A7> C3 4= @42 7BA?@00: 8= 10;0= A

)0

8A2 0;4 = 84CE 86743 4=

**

0= H4BD> > @ 44= A> ;83 08@4 B> 4: > < AB

<V!D9;(FMC!Zd!ec`ed!`a!YRRc![fcZUZdTYV!UZV_degVc]V_Z_X)!A_!UV!^ReV!gR_!YVe!^`XV]Z[\V!gVcUVUZXV_!hV! [V!SV]R_XV_!gZR!`gVc]VX!^Ve!UV!hVc\XVgVc)!ERRc!Z_UZV_!_`UZX!``\!o!XcReZd!o!g``c!UV!RcSVZUdcVTYeSR_\)! NV!_V^V_!VV_!\Z[\[V!Z_!UV!T`f]ZddV_!gR_!UZe!gVV]R]!`_SV\V_UV!def\[V!gR_!`_d!XVcVTYeV]Z[\!RaaRcRRe)

@Ve!mdTR]V![RRc!kZe!Vc!`a)!F`X!VV_!aRRc!^RR_UV_!V_!hV!^`XV_!hVVc!deRceV_!RR_!UV!SV]RdeZ_XRR_XZWeV)! G^URe!Vc!UZe![RRc!e`TY!VV_!aRRc!_ZVfhZXYVUV_!kZ[_!`aXVU`\V_'!]VXXV_!hZ[!`_UVc!UV!\VcdeS``^!_`X!XcRRX! VV_!`gVckZTYe[V!gR_!VV_!RR_eR]!gVcR_UVcZ_XV_!UZV![V!^ZddTYZV_!VV_!]Vf\!ViecRRe[V!\f__V_!`a]VgVcV_)!

=]\V! gZVc! [RRc! `cXR_ZdVVce! D9;(FMC! VV_! T`_XcVd)! <VkV! \VVc! XRRe! YVe! T`_XcVd! `gVc! hRRcUZX! hVc\! V_! VV_!VT`_`^ZV!`a!^V_dV_^RRe)!PV]Wd!Z_!aVcZ`UVd'!hRRcZ_!SZ[_R!URXV]Z[\d!^V_dV_!Yf_!hVc\!gVc]ZVkV_'! ^`VeV_!hV!YZVc`gVc!UfcgV_!_RUV_\V_!V_!deR_Uaf_eV_!Z__V^V_)

# )& ! ,. * !& + )& +!' & $ * !$$ & & *( $ /' & ) ) & / & @Ve! kR]! [V! ^RRc! `gVc\`^V_5! [V! hVc\e! Z_! 9V]XZs! g``c! VV_! ;jacZ`eZdTY! SVUcZ[W! URe! YVe! _ZVe! VcX! _Rfh! _VV^e!^Ve!UV!daV]cVXV]d!gR_!YVe!9V]XZdTYV!RcSVZUdcVTYe)!NRe!VgZUV_e!Zd!SZ[!UV!RWYR_UV]Z_X!gR_!kfZgVc! _ReZ`_R]V!RcSVZUdXVdTYZ]]V_'!h`cUe!UZe!a]`ed!YVV]!hRe!^Z_UVc!Z_!VV_!Z_eVc_ReZ`_RR]!\RUVc)

*,

-> @< 8= 6 8AD> > @ 3 C@D4@A

*-

L!: 14= 44= > C3 4 : @> : > 3 8;M

*/ *1

# 03 4@;43 4= 1843 4= < 44@E 00@3 4 189A> 2 800;> D4@;46

+*

' > : 9> 1AD0= : 03 4@;43 4= H89= 8= 64D00@

DReV_!hV!rr_!g``c``cUVV]!fZe!UV!hVX!cfZ^V_5!g`c^Z_X!SZ[!D9;(FMC!Zd!XVV_!gR\R_eZV"!@Ve!Zd!YRcU!hVc\V_! `^!XVWf_UVVcU!UV!UZdTfddZV!eV!\f__V_!RR_XRR_!^Ve!hVc\XVgVcd)!J`TZR]V!gVch`cgV_YVUV_!kZ[_!Vc!_ZVe! gR_kV]W!XV\`^V_!V_!kf]]V_!URe!``\!_ZVe!S]Z[gV_)

FR!UVceZX![RRc!^VV!UV!XVdTYZVUV_Zd!gR_!YVe! FMC!eV!YVSSV_!XVdTYcVgV_'!gVc]RRe!_ReZ`_RR]! dVTcVeRcZd! I`XVc!MR_UV_afe!UV!gR\S`_UdTV_ecR]V)!8]d!Vc!ZV^R_U!Zd!UZV!UV!Vg`]feZVd!Z_!YVe!\RUVcdj_UZTR]Zd^V!YVVWe! kZV_!%`W!U`V_&!Vg`]fVcV_'!Zd!YZ[!YVe!hV])!<RRc`^!]ReV_!hV!YV^!`a!UV!gR]cVVa!gR_!kZ[_!aV_dZ`V_!_`X! XcRRX!RR_!YVe!h``cUq

lG_XVh`_V!deV]]Z_XV_!SZ[!VV_!`_XVh``_!`_UVchVca)p!<Re!gRe!S`_UZX!YVe!aR_V]XVdacV\!dR^V_!URe!Z_! 9`feVcdV^!hVcU)!<V!c`]!V_!a`dZeZV!gR_!\RUVc]VUV_!hVcU!Vc!]R_Xd!gVcdTYZ]]V_UV!\R_eV_!SV]ZTYe)

4 ?4= A8> 4= 4= 143 @4863 <V!aV_dZ`V_V_!deRR_!eVc!UZdTfddZV)!<V!g``cSZ[V!^RR_UV_!V_![RcV_!hVcUV_!R]!YVcYRR]UV]Z[\!SR]]`__Ve[Vd! `aXV]ReV_!`gVc!UV!cZTYeZ_X!UZV!YVe!fZe^`Ve)!<V!YRcUdeV!c`VaVcd!a]VZeV_!UR_!g``cR]!g``c!]R_XVc!hVc\V_'! ]RXVcV!aV_dZ`V_V_!`W!VV_!Xc`eVcV!c`]!g``c!UV!RR_gf]]V_UV!aV_dZ`V_V_)!8]d!gR\S`_U!kZ[_!hV!e`TY!hV]! VV_!R_UVcV!^V_Z_X!e`VXVURR_)

l<Re!\R_!grr]!SVeVc'p!g`_U!8__V^ZV!`gVc!UV!SVYR_UV]Z_X!gR_!hVc\_V^Vcd!SZ[!<MM)!=_!kV!deV]UV!kZTY!R]d! \RUVc]ZU!gVc\ZVdSRRc!SZ[!UV!VVcde!g`]XV_UV!dj_UZTR]V!gVc\ZVkZ_XV_)!A_^ZUUV]d!defeeV_!YRRc!dTY`fUVcd!R]! k`hRe!-+![RRc!UV!gR\S`_UdhVc\Z_X) &


. 4@: 64D4@A4= E 4@: = 4< 4@AD4;;4= < 44 44= > > @3 44;

$4: 4= @42 7B4@A7> C3 4= @42 7BA?@00: 8= 10;0= A )> 64@ -0= 3 4= ?CB

4 $ & -# 8AB@> BA> ? 700@ 9C@83 8A2 74 3 84= ABD4@;4= 8= 6 "00@;89: A4 @42 C?4@4

@4= E 4 D> > @ > = H4 ;43 4= D4@A2 78;;4= 3 4 < 8;9> 4= 4= 4C@> OA00= 02 7B4@AB0;;864 ;> = 4= ?@4< 84A D0: 0= B8464;3 4= > ?H4668= 6AD4@6> 43 8= 64= != 3 4 < 0B4 D0= 74B< > 64;89: 4 6414C@B3 0BD80 > D4@;46 < 4B3 4 E 4@: 64D4@ % 00@ 8= 3 84= = > 3 86 D4@3 43 864= E 4 > = H4 ;43 4= > > : K 6@0B8AK D> > @ 3 4 0@1483 A@42 7B10= : @006 = 4< 4= E 4 C 8= 3 8B0@B8: 4;4D4= < 44 = 00@ 3 4 2 > C;8AA4= D0= 3 8BD44;0;> = 14

: 4= 3 4 ABC: 94 D0= > = A64@42 7B4;89: 0??0@00B

'!

4/0"683!3.127!$&*


G_kV!XZUd!Zd!?VVcecfZ!9R]Zd'!\R^Vcg``ckZeeVc!Z_!YVe! RcSVZUdY`W!eV!9cfddV])!PV!SVX`_!YRRc!TRccZtcV!R]d! RUg`TRRe!Z_!VV_!RUg`TReV_\R_e``c!URe!g``c_R^V]Z[\! kR\V_!gR_!d`TZRR]!cVTYe!SVYR_UV]UV)!FR!VV_!RR_eR]! [RcV_!kVeeV!kV!UR!deRa!_RRc!UV!^RXZdecReffc!R]d! cVTYeVc!Z_!UV!RcSVZUdcVTYeSR_\!eV!9cfddV]!V_!]ReVc! R]d!cRRUdYVVc!Z_!YVe!RcSVZUdY`W)!<Re!SVYR_UV]e!Y`( XVcV!SVc`VaV_!eVXV_!g`__ZddV_!gR_!UV!RcSVZUdcVTYe( SR_\)!@Ve!Zd!gVcXV]Z[\SRRc!^Ve!YVe!@`W!gR_!9Vc`Va'! ^RRc!UR_!Z_!RcSVZUdkR\V_)!<VkV!cVTYedT`]]VXVd!kZ[_! dR^V_XVdeV]U!fZe!UcZV!cVTYeVcd!`W!cRRUdYVcV_)!<V! SV``cUV]Z_X!gR_!YVe!XVdTYZ]!SVdeRRe!VcZ_!_R!\V_( _Zd_R^V!gR_!UV!deR_Uaf_eV_!V_!RcXf^V_eV_!gR_! UV!gVcdTYZ]]V_UV!aRceZ[V_!V_!UV!RR_XVScRTYeV!SVhZ[( dV]V^V_eV_'!V_!Z_!VV_!RR_eR]!XVgR]]V_!%k`R]d!gV]V! d`TZR]VkV\VcYVZUdXVdTYZ]]V_&!_R!\V__Zd_R^V!gR_!YVe! RUgZVd!gR_!YVe!`aV_SRRc!^Z_ZdeVcZV'!UV!e`VaRddV]Z[\V! cVTYedcVXV]d!`a!YVe!XVdTYZ]!e`V!eV!aRddV_)! 39<=D-!8@GF:MJJLN:B@M>CDGG@I:=@C<I?@G@I:?@:<L=@D?M$ L@>CN=<IF@I:@I:VCJP@I) /9@?E-!8]!UV!SVg`VXUYVUV_!`ad`^^V_'!k`f!`_d!hV]! VcX!gVc!]VZUV_)!<V!`ad`^^Z_X!Z_!UV!SVaR]Z_XV_!gR_! YVe!?VcVTYeV]Z[\!NVeS`V\!Zd!cVVUd!VcX!]R_X!V_!h`cUe! cVXV]^ReZX!gVcUVc!fZeXVScVZU)! FRRc!UV!RRcU!gR_!UV!kR\V_!\R_![V!VV_!RR_eR]!Xc`eV! U`^VZ_V_!`_UVcdTYVZUV_)! =V_!VVcdeV!Xc``e!U`^VZ_!`^gRe!R]!hRe!eV!^R\V_! YVVWe!^Ve!RcSVZUd`gVcVV_\`^deV_'!d``ce!`gVcVV_( \`^de'!`_ed]RX'!]`_V_'!R]]VcYR_UV!gVcX`VUZ_XV_! %`akVXXZ_XdgVcX`VUZ_XV_'!fZehZ__Z_XdgVcX`V( UZ_XV_'!SVdTYVc^Z_XdgVcX`VUZ_XV_q&)!ERRc!``\! SZ[g``cSVV]U!XVdTYZ]]V_!Z_!gVcSR_U!^Ve!RcSVZUdcVX]V( ^V_eVcZ_X'!hV]kZ[_!`a!YVe!hVc\!V_!UV!hV]kZ[_dhVe)! G`\!UV!aVdehVe!V_!UV!R_eZ(UZdTcZ^Z_ReZVhVeXVgZ_X! Y`cV_!URRcSZ[)!<Re!kZ[_!gcZ[!_ZVfhV!hVeXVgZ_XV_! hRRc!hZ[!cVXV]^ReZX!^VV!eV!^R\V_!\cZ[XV_)! =V_!ehVVUV!Xc``e!U`^VZ_!SVecVWe!XVdTYZ]]V_!Z_kR\V! d`TZR]V!kV\VcYVZU!Z_!R]!kZ[_!UZgVcdZeVZe5!SVeR]Z_X!gR_! SZ[UcRXV_'!aV_dZ`V_V_'!kZV\eVgVckV\VcZ_X'!\Z_UVcSZ[( d]RX'!hVc\]``dYVZU'![RRc]Z[\dV!gR\R_eZV'!RcSVZUd`_( XVgR]]V_!V_!SVc`VadkZV\eV_'!)))!@Ve!XRRe!UR_!k`hV]! `gVc!hVc\_V^Vcd!R]d!kV]WdeR_UZXV_'!V_!g``c!hRe!UV! \Z_UVcSZ[d]RXV_!V_!UV!kZV\eVgVckV\VcZ_X!SVecVWe!``\! `gVc!R^SeV_RcV_) =V_!UVcUV!U`^VZ_!YVVWe!eV!^R\V_!^Ve!XVdTYZ]]V_! Z_kR\V!UV!hVeXVgZ_X!`a!UV!^Z_UVc!gR]ZUV_'!SV( deRR_d^Z_Z^f^'!UV!UZV_degVc]V_Z_X!gR_!YVe!G;EN'! `agR_X!gR_!RdZV]k`V\Vcd'!XVhRRcS`cXUV!XVkZ_dSZ[d]RX! \Z_UVcSZ[d]RX'!q =_!UR_!kZ[_!Vc!_`X!UV!RU^Z_ZdecReZVgV!dR_TeZVd!V_! XV]US`VeVd!SZ[!Z_ScVf\V_!`a!UV!d`TZR]V!hVeXVgZ_X)! 9Vd]ZddZ_XV_!URRc`gVc!\f__V_!h`cUV_!RR_XVg`TYeV_! g``c!UV!RcSVZUdcVTYeSR_\!V_!Z_!Y`XVc!SVc`Va!SZ[!YVe! RcSVZUdY`W) =V_!R_UVcV!cVTV_eV!SVg`VXUYVZU!Zd!UV!T`]]VTeZVgV! dTYf]UV_cVXV]Z_X)!<Re!SVeV\V_e!VV_!nZ_\V!e`V_R^V! gR_!YVe!RR_eR]!kR\V_)!A_!-++3!SVYR_UV]UV_!UV!

DVfgV_dV!RcSVZUdcVTYeSR_\V_!-),/0!kR\V_'!hRRcgR_! -40!T`]]VTeZVgV!dTYf]UV_cVXV]Z_XV_)!A_!9cfddV]!XZ_X! YVe!`^!-)1.2!U`ddZVcd!gR_!UV!/).13)!@Ve!RR_UVV]! gR_!UV!T`]]VTeZVgV!dTYf]UV_cVXV]Z_XV_!k`f!g`cZX! [RRc!XVdeVXV_!kZ[_!^Ve!/+#!o!`a!YVe!_ZgVRf!gR_!UV! RcSVZUdcVTYeSR_\!YVeXVV_!gVV]!RU^Z_ZdecReZVW!hVc\! ^Ve!kZTY!^VVScV_Xe)!Ga!YVe!RcSVZUdY`W!YVSSV_!hV! gVV]!^Z_UVc!gR_!URe!d``ce!kR\V_!`^URe!Vc!^Z_UVc! SVc`VaV_!h`cUV_!RR_XVeV\V_U)! 39<=D-!6SKDM>C:<<I:?@:Q@LFDIB:P<I:?@:<L=@D?M$ L@>CN=<IF@I:TDEI:?@:G@F@IL@>CN@LM%:.<N:TDEI:B@@I: =@LJ@KMH<BDMNL<N@I%:9DE:QJL?@I:PJJLB@?L<B@I:?JJL: @LF@I?@:JLB<IDM<ND@M:P<I:Q@LFB@P@LM#:Q@LFI@H@LM:@I: T@GAMN<I?DB@I:?D@:M<H@I:H@N:?@:=@LJ@KMH<BDMNL<<N: L@>CN:MKL@F@I%:.<N:DM:NJ>C:Q@G:=DETJI?@L%:,@MN<<N:?<N: IJB:DI:<I?@L@:L@>CN=<IF@I) /9@?E-!A_!YVe!?VcVTYeV]Z[\!NVeS`V\!h`cUe!UV!SV_R( ^Z_X!QcVTYeVcd!Z_!d`TZR]V!kR\V_$!`W!QcRRUdYVcV_!Z_! d`TZR]V!kR\V_$!XVScfZ\e'!hR_e!YVe!kZ[_!VgV_!X`VU! cVTYeVcd)!PZ[!h`cUV_!SV_`V^U!U``c!UV!C`_Z_X!`a! g``cUcRTYe!gR_!UV!SVg`VXUV!^Z_ZdeVc!V_!]VXXV_!UV! VVU!RW)!<V!cVTYeSR_\!gR_!\``aYR_UV]!\V_e!VV_!XV( ]Z[\RRcUZXV!dR^V_deV]]Z_X!^Ve!rr_!SVc`VadcVTYeVc!V_! ehVV!T`_df]RZcV!cVTYeVcd)!@Ve!dTYZ[_e!URe!Z_!UV!eZ[U! gR_!UV!XZ]UV_!SVc`VadXV_`eV_!SVec`\\V_!hVcUV_!SZ[! UV!SVd]VTYeZ_X!gR_!XVdTYZ]]V_!`gVc!YVe!hVc\'!^Zd( dTYZV_!hRd!URe!UV!RR_kVe) A_!,24+!hVcUV_!g``c!YVe!VVcde!UV!gcVUVcVTYeVcd! SVg`VXU!g``c!XVdTYZ]]V_!Z)g)^)!RcSVZU)!ERRc!URe! hRd!e`V_!_`X!kVVc!SVaVc\e)!<R_!kZ[_!Vc!gR_RW!,3,+! hVc\cVTYeVcdcRUV_!XV\`^V_)!PV!h`cUV_!R]d!UV! g``c]`aVcd!gR_!UV!RcSVZUdXVcVTYeV_!SVdTY`fhU)!PV! hRcV_!R]]VV_!^RRc!aRcZeRZc!dR^V_!XVdeV]U!Z_!k`gVc! kV!gVck`V_V_U!hRcV_!okV!YRUUV_!ec`fhV_d!g``c_R( ^V]Z[\!VV_!gVck`V_V_UV!V_!a`]ZeZ`_V]V!eRR\)!8_UVcd! YRU!UV!hVc\XVgVc!deVVUd!VV_!]ZU!^VVc)! @Ve!Zd!`_UVc!Z_g]`VU!gR_!UV!gR\S`_UV_!V_!YVe! e`V_V^V_U!RR_eR]!hVc\_V^Vcd!URe!^V_!_RRc!VV_! g`]decV\e!aRcZeRZc!djdeVV^!Zd!`gVcXVXRR_)! =Vcde!hRd!UV!g``ckZeeVc!R]eZ[U!VV_!hVc\XVgVc'!^RRc! URRc_R!hVcU!YZ[!gVc\`kV_!V_!\`_!YVe!VV_!hVc\XVgVc! `W!VV_!hVc\_V^Vc!kZ[_'!UV!`_UVcg``ckZeeVc!^`Vde! UR_!e`e!UV!R_UVcV!Xc`Va!SVY`cV_)!<R_!\hR^!Vc!``\! R]d!SZ[kZeeVc!VV_!U`\eVc!Z_!UV!cVTYeV_!RR_!eV!aRd)! <ZV!SVd]ZdeV!UR_!SZ[!deR\Z_X!gR_!deV^^V_)! A_!,4,+!kZ[_!UV!hVc\cVTYeVcdcRUV_!VTYeV!cVTYe( SR_\V_!XVh`cUV_'!^Ve!hVc\cVTYeVcdcRUV_!Z_! SVc`Va!``\!o!g``cUZV_!hVcU!Y`XVc!SVc`Va!U``c! UV!cVTYeSR_\!gR_!\``aYR_UV]!SVYR_UV]U)!@f_! SVg`VXUYVUV_!hVcUV_!``\!fZeXVScVZUVc'!hR_e!RR_( gR_\V]Z[\!hRcV_!UV!XVdTYZ]]V_!Z)g)^)!SVUZV_UV_!URRc! _ZVe!Z_SVXcVaV_)!ERRc!``\!e`V_!XZ_X!YVe!V_\V]!`gVc! XVdTYZ]]V_!c`_U!RcSVZU)!8]!hRe!d`TZR]V!kV\VcYVZU!hRd! %Z_!YVe!SVXZ_!deV]UV!URe!``\!_`X!_ZVe!k`gVV]!g``c! ^RRc!URe!Zd!e`TY!XV]VZUV]Z[\!RR_!deVc\!XVXc`VZU&!gZV]! `_UVc!UV!RU^Z_ZdecReZVgV!cVTYedT`]]VXVd)!<ZV!YRUUV_! R]]V^RR]!VZXV_!cVXV]e[Vd)! (


9fZeV_!UZV!RU^Z_ZdecReZVgV!cVTYedT`]]VXVd!SVde`_UV_! Vc!UR_!``\!_`X!dTYVZUdcVTYeVc]Z[\V!T`^^ZddZVd!UZV! ``\!`gVc!XVdTYZ]]V_!gR_!d`TZR]V!kV\VcYVZU!SVd]ZdeV_! Sg)!\Z_UVcSZ[d]RX'!RcSVZUd`_XVgR]]V_'!aV_dZ`V_hVe! ^Z[_hVc\Vcd!q!Ga!UV!Uffc!hVcU!YVe!VV_!`_`gVc( kZTYeV]Z[\!\]fhV_)!@Ve!hRcV_!XVV_!VTYeV!cVTYeSR_( \V_'!^RRc!Vc!hVcU!hV]!`gVc!SV]R_XcZ[\V!cVTYeV_! SVd]Zde) =_!UR_'!Z_!,42+!SZ[!YVe!Z_!hVc\Z_X!ecVUV_!gR_!YVe! ?VcVTYeV]Z[\!NVeS`V\'!hVcUV_!UV!RcSVZUdXVcVTYeV_! Z_XVcZTYe!%RcSVZUdcVTYeSR_\V_!V_!oY`gV_&!UZV!R]!UZV! SVg`VXUYVUV_!YVSSV_!`gVcXV_`^V_)! <ZV!Vg`]feZV!YVVWe!_Reffc]Z[\!``\!eV!^R\V_!^Ve!UV! Vg`]feZV!gR_!YVe!d`TZRR]!cVTYe!URe!deVVUd!^VVc!VV_! XVdTYcVgV_!cVTYe!hVcU'!eVchZ[]!YVe!Z_!YVe!SVXZ_! g``cR]!XVh``_eVd!hRcV_!UZV!SVaR]V_U!hRcV_'!^Ve! V_\V]V!cVXV]e[Vd) 9Z[!UV!YVcg`c^Z_X!Zd!Vc!UZdTfddZV!XVhVVde!`gVc!YVe! SVY`fU!gR_!UZV!d`TZR]V!cVTYeVcd)!J`^^ZXV_!gc`VXV_! kZTY!RW!`W!UV!Z_g`VcZ_X!gR_!YVe!XVdTYcVgV_!cVTYe! YV_!_ZVe!`gVcS`UZX!YRU!XV^RR\e!V_!hRe!VZXV_]Z[\! _`X!Yf_!Z_ScV_X!hRd7!LZeVZ_UV]Z[\!YVVWe!^V_!Vc! e`TY!g``c!XV\`kV_!`^!kV!eV!SVY`fUV_)!A\!UV_\!``\! URe!YVe!VV_!kVVc!X`VUV!kRR\!hRd!`^URe!Vc!VV_!Z_( ScV_X!Zd!gR_fZe!YVe!eVccVZ_'!hRRcSZ[!UV!gVcdTYZ]]V_UV! Z_gR]dY`V\V_!RR_!S`U!\`^V_!V_!XVT`_Wc`_eVVcU! h`cUV_)!A\!UV_\!URe!UZe!e`V]RRe!`^!VV_!X`VU!fZeXV( SR]R_TVVcUV!SVd]ZddZ_X!eV!_V^V_) ! 39<=D-!0J@P@@G:NDE?:I@@HN:@@I:KLJ>@?OL@:B@HD??@G?: DI:=@MG<B) /9@?E-!F`c^RR]!`_XVgVVc!,![RRc!efddV_!YVe!Z_]VZUV_! gR_!UV!kRR\!V_!UV!SVd]ZddZ_X)!<V!cVXV]!Zd!URe!UV! )!

4/0"683!3.127!$&*

fZedacRR\!XVSVfce!SZ__V_!UV!^RR_U!_RURe!UV!kRR\! Z_!SVcRRU!XV_`^V_!hVcU)!<Re!Zd!^VVdeR]!_R!UV! a]VZU``ZV_!V_!Z_!YVe!XVgR]!RUgZVd!h`cUe!XVXVgV_! U``c!YVe!`aV_SRRc!^Z_ZdeVcZV'!rr_!^RR_U!_R!YVe! RUgZVd!`W!Z_UZV_!aRceZ[V_!URRc`a!hZ]]V_!cVa]ZTVcV_'! rr_!^RR_U!_RURe!UV!eVc^Z[_!g``c!YVe!cVa]ZTVcV_! gVcdecV\V_!Zd)! @Ve!\R_!XVSVfcV_!URe'!hR__VVc!VV_!kRR\!Z_!SVcRRU! Zd'!UV!^RXZdecRRe!kZV\!h`cUe!k`URe!UV!kRR\!deZ]! ]ZXe)!<RRc!Zd!_f!VV_!^`fh!RR_!XVaRde!U``c!UV!kRR\! eV!`_eecV\\V_!R]d!Sg)!VV_!eVc^Z[_!gR_!.!^RR_UV_! Zd!gVcdecV\V_)!<R_!^`Ve!UV!kRR\!YVca]VZe!h`cUV_! k`URe!kV!e`TY!\R_!h`cUV_!gVcUVc!XVkVe)!ERRc!URe! kZ[_!VTYe!fZek`_UVcZ_XV_)! 39<=D-!8<N:B@=@OLN:@L:?<I:NDE?@IM:?D@:JP@LDB@:'': H<<I?@I) 9R]Zd5!<Re!YR_Xe!RW!gR_!UV!aVcZ`UV!UZV!UV!aRceZ[V_! _`UZX!YVSSV_!`^!T`_T]fdZVd!eV!_V^V_'!gR_!UV! a]VZeUffc!UZV!kV!g``ckZV_!V_!gR_!UV!hRTYeeVc^Z[( _V_!`^!gRde!eV!deV]]V_)!BV!\R_!fZeVcRRcU!_ZVe!R]eZ[U! hR__VVc!UV!kRR\!\]RRc!Zd!^VeVV_!UV!g`]XV_UV!URX! UZV!kRR\!a]VZeV_'!`^URe!Vc!R]!VV_!RR_eR]!kZeeZ_XV_! g`]kVe!kZ[_!`_UVcefddV_)! Mc`VXVc!SVaRR]UV_!UV!aRceZ[V_!hR__VVc!kZ[!Yf_! T`_T]fdZVd!_VVc]VXUV_'!R]!UR_!_ZVe!`a!RR_UcZ_XV_! gR_!UV!hVUVcaRceZ[)!=c!hRcV_!hV]ZdhRRc!^`XV]Z[\( YVUV_!`^!VV_!aRceZ[!Vce`V!eV!UhZ_XV_!T`_T]fdZV! _VVc!eV!]VXXV_!^RRc!UZV!S]V\V_!`_g`]U`V_UV!VW( WVTeZVW)! Ff!Zd!Vc!dZ_Ud!-++2!VV_!_ZVfhV!cVXV]Z_X!Z_!g`VXV)! ?c`dd`!^`U`!\R_!Z\!YVe!k`!g``cdeV]]V_5!hR__VVc!UV! kRR\!g``c!YVe!VVcde!h`cUe!Z_XV]VZU!g``c!UV!cVTYe(


SR_\!`W!g``c!YVe!Y`W'!h`cUV_!Vc!^VeVV_!RWdacR\V_! XV^RR\e)! GWhV]!^R\V_!aRceZ[V_!`_UVc]Z_X!VV_!RWdacRR\!hR_( _VVc!kZ[!Yf_!T`_T]fdZVd!kf]]V_!_V^V_)!<ZV!R\\``cU( \R]V_UVc!Zd!UR_!SZ_UV_U!g``c!YV_)! ER\V_!UV!aRceZ[V_!XVV_!RWdacR\V_'!UR_!^RR\e!UV! cVTYeVc!UV!\R]V_UVc!`a)!@Z[!deV]e!``\!VV_!a]VZeUR( ef^!gRde)!G`\!UZV!UReR!kZ[_!UR_!UhZ_XV_U)!A_UZV_! kZ[!Yf_!T`_T]fdZVd!_ZVe!eVXV_!UV!RWXVdac`\V_!`W! `aXV]VXUV!URef^!_VVc]VXXV_'!UR_!\cZ[XV_!kZ[!URRc! _RUZV_!_ZVe!^VVc!UV!\R_d!e`V!V_!h`cUe!UV!kRR\!e`TY! SVYR_UV]U) A_!T`_ecRTeV_kR\V_!]ZXe!SZ[!`_d!`_XVgVVc!VV_![RRc! efddV_!UV!Z_]VZUZ_X!gR_!UV!kRR\!V_!UV!a]VZeURef^'! Z_!kR\V_!gR_!d`TZR]V!kV\VcYVZU!RR_!UV!FVUVc]R_Ud( eR]ZXV!\R_e!Zd!YVe!g``c!YVe!`XV_S]Z\!d_V]]Vc)!8R_!UV! >cR_deR]ZXV!Zd!UZV!hRTYeeZ[U!hRe!]R_XVc)! A_!YVe!RcSVZUdY`W!9cfddV]!Zd!UV!gVcUV]Z_X!gR_!UV! kR\V_!efddV_!FVUVc]R_UdeR]ZXV!V_!>cR_deR]ZXV! \R^Vcd!hRe!gVcdTYZ]]V_U)!A_!UV!FVUVc]R_UdeR]ZXV! \R^Vcd!h`cUV_!gVcY`fUZ_XdXVhZ[kV!^VVc!XVdTYZ]]V_! Z)g)^)RcSVZUdT`_ecRTeV_!SVYR_UV]U)!<V!>cR_deR]ZXV! \R^Vcd!SVYR_UV]V_!gVV]!^VVc!XVdTYZ]]V_!^)S)e)! d`TZR]V!kV\VcYVZU'!d`TZR]V!UZV_degVc]V_Z_X!V_!cVTYe! `a!^RRedTYRaaV]Z[\V!Z_eVXcReZV!V_!`agR_X!gR_! RdZV]k`V\Vcd'!URe!d``ce!UZ_XV_)!<Re!Zd!VV_!^Rc\R_e! gVcdTYZ]) 39<=D-!5JHHDB@:?JMMD@LM:TDEI:PODMN?DF%:/L:FLODKN: C@@G:Q<N:NDE?:DI:JH:<G:?D@:=@MGODN@I:@I:?J>OH@IN@I: N@:G@T@I%: /9@?E-!;`_T]fdZVd!gR_!0+!e`e!,++!aRXZ_R$d!kZ[_!XVV_! fZek`_UVcZ_X!^VVc)!PV!h`cUV_!VVcUVc!UV!cVXV])!@Ve!

gVcXe!SVY``c]Z[\!hRe!eZ[U'!XVh``_!R]!`^!kV!eV!]VkV_'! k`_UVc!UR_!_`X!hRe!UR_!``\!`a!aRaZVc!eV!kVeeV_)! =_!UR_!YVS![V!UV!def\\V_Sf_UV]d)!<ZV!^`VeV_!``\! XV]VkV_!h`cUV_) =c!\cfZae!``\!YVV]!hRe!eZ[U!Z_!defUZVhVc\'!`a( k`V\hVc\'!dTYcZ[gV_!%YVe!SVR_eh``cUV_!gR_!UV! RcXf^V_eV_&'!YVe!YVc]VkV_!gR_!UV!SVd]ZddZ_XV_'!YVe! Y`fUV_!gR_!XVefZXV_gVcY`cV_!`W!aVcd``_]Z[\V!gVc( dTYZ[_Z_XV_!gR_!aRceZ[V_!`W!R_UVcV!daVTZmV\V!eR\V_! o!Z_!^Z[_!XVgR]!YVe!`ag`]XV_!gR_!UV!ViaVceZdVd) 9fZeV_!YVe!`_^ZUUV]]Z[\!defUZVhVc\!g``c!VV_!SV( aRR]UV!kRR\'!^`Ve![V!``\!`a!UV!Y``XeV!S]Z[gV_!gR_! hRe!Vc!Z_![V!dVTe`c!gVcR_UVce)! <Z\hZ[]d!kZ[_!Vc!cRR\g]R\\V_!^Ve!R_UVcV!^ReVcZVd! UR_!YVe!d`TZRR]!cVTYe)!<Re!\f__V_!ac`S]V^V_!kZ[_! gR_!RU^Z_ZdecReZVW!cVTYe'!mdTRR]!cVTYe'!gV__``e( dTYRadcVTYe'!Z_eVc_ReZ`_RR]!cVTYe)!<Re!^`Ve!``\! SZ[XVY`fUV_!h`cUV_)! G`\!^`Ve!YVe!=fc`aVVd!cVTYe!`aXVg`]XU!h`cUV_!V_! UV!cVTYedacRR\!gR_!YVe!@`W!gR_!BfdeZeZV)!A_!YVV]! hRe!U`^VZ_V_!kZ[_!Vc!cZTYe]Z[_V_!o!Z\!UV_\!SgS)!RR_! UV!`gVcUcRTYe!gR_!`_UVc_V^Z_XV_!V_!UV!R_eZUZd( TcZ^Z_ReZVcVXV]d!(!V_!UV!cVTYedacRR\!gR_!YVe!@`W! gR_!BfdeZeZV!Zd!cZTYeZ_XXVgV_U!g``c!UV!Z_eVcacVeReZV! VcgR_)! G`\!UV!cVTYedacRR\!^`Ve!h`cUV_!SZ[XVY`fUV_'! g``cR]!UZV!gR_!`_kV!Y``XdeV!cVTYedT`]]VXVd5!@Ve!@`W! gR_!;RddReZV'!YVe!?c`_UhVeeV]Z[\!@`W)) J`^d!YVS!Z\!UV!Z_Ucf\!URe!^V_dV_!UV_\V_!URe!hZ[! `_kV!kZeeZ_X!U`V_!V_!URe!hZ[!UR_!UZcVTe!VV_!fZe( dacRR\!U`V_'!`_^ZUUV]]Z[\'!SZ[_R!`a!UV!SR_\V_)!PV! \f__V_!kZTY!hRRcdTYZ[_]Z[\!_ZVe!g``cdeV]]V_!hRe!UV! eRR\!gR_!UV!cVTYeVc!acVTZVd!Z_Y`fUe)! *


)4= 8;3 4 4 CAA2 7> ?

8A2 0;4 = 84CE 86743 4= ;: 900@ ;483 B3 4 146@> B8= 6 4= > 5146@> B8= 6A2 > = B@> ;4 B> B44= 00= B0;= 84CE 4 E 4BB4: AB4= 8B900@ E 0A3 0B= 84B0= 3 4@A ' < 3 0B3 84 8= 44= 00= B0;64D0;;4= 3 4 3 8= 64= E 4;6@> = 3 86 E 89H864= ;4664= E 4 8= 3 8B0@B8: 4;44= 00= B0;D0= 3 84 @42 4= B4 58A2 0;4 = 84CE 86743 4= > = 3 4@ 3 4 ;> 4?

!= 1@00: 4= 1@0= 3 14D48;868= 6 JZ_Ud!V_\V]V![RcV_!\R_![V!fZeXRgV_!eVc!SVgVZ]ZXZ_X! gR_!VV_!acZgrh`_Z_X!eVXV_!Z_ScRR\!`W!ScR_U! mdTRR]!Z_!^Z_UVcZ_X!ScV_XV_)!<Re!\R_!`gVcZXV_d! _ZVe!V_\V]!R]d!VZXV_RRc)!G`\!R]d!YffcUVc!\`^![V! ^Ve!UVcXV]Z[\V!fZeXRgV_!Z_!RR_^Vc\Z_X!g``c!UV! SV]RdeZ_XgVc^Z_UVcZ_X)!! A_ScRR\SVgVZ]ZXZ_X!SVeV\V_e!UV!]VgVcZ_X!V_! a]RRedZ_X!U``c!VV_!XVcVXZdecVVcU!RR__V^Vc!gR_! daVTZmV\!Z_ScRR\hVcV_U!X]Rd'!SVgVZ]ZXZ_XddjdeV^V_! g``c!UVfcV_'!cR^V_'!]fZ\V_'!XRcRXVa``ceV_'!]ZTYe( \`VaV]d'!UR\gV_deVcd'!\V]UVcXReV_!V_!YV\\V_!V_!UV! ]VgVcZ_X!V_!a]RRedZ_X!gR_!XVaR_edVcUV!UVfcV_)! G`\!UV!]VgVcZ_X!V_!a]RRedZ_X!gR_!R]Rc^(!`W!TR^VcR( djdeV^V_!\`^V_!Z_!RR_^Vc\Z_X)!8]d!VV_!V]V\ecZdTYV! XRcRXVa``ce!Zd!g``ckZV_!gR_!VV_!R_eZ(`aYVWdjdeVV^! \R_!UV!YV]We!VcgR_!h`cUV_!Z_XVScRTYe)! A_kR\V!ScR_USVgVZ]ZXZ_X!XRRe!YVe!`^!UV!]VgVcZ_X!V_! a]RRedZ_X!U``c!VV_!XVcVXZdecVVcU!RR__V^Vc!gR_!hR( eVcS]fddVcd!`W!UVfcV_!^Ve!VV_!ScR_UhVVcdeR_U!gR_! VV_!YR]W!ffc!`a!decReVXZdTYV!a]RRedV_!Z_!UV!h`_Z_X)! <V!SV]RdeZ_XgVc^Z_UVcZ_X!SVUcRRXe!0+#!gR_!UV! fZeXRgV_'!^RRc!Zd!``\!XVa]RW`__VVcU)!<Re!a]RW`_U! Zd!W`cd!`aXVec`\\V_)!M`cZX![RRc!hRd!YVe!^RiZ^f^( SVUcRX!_`X!,2+!Vfc`)!ERRc!gR_RW!RR_d]RX[RRc!-+,+'! Z_\`^deV_!-++4!^RX![V!gR_!UV!XV^RR\eV!\`deV_! +!

4/0"683!3.127!$&*

e`e!0++!Vfc`!%gvvc!Z_UViReZV&!Z_ScV_XV_'!hRe!Z_!UV! acR\eZ[\!g``c!RR_d]RX[RRc!-+,+!14+!Vfc`!SVeV\V_e)! ?VYfhUV_!V_!hVeeV]Z[\!dR^V_h`_V_UV!VZXV_RRcd! ^`VeV_!UVkV!SV]RdeZ_XgVc^Z_UVcZ_X!`_UVc!V]\RRc! gVcUV]V_!g`]XV_d!ZVUVcd!RR_UVV]!Z_!YVe!\RURdecRR]! Z_\`^V_!gR_!UV!h`_Z_X)!M``c!YffcUVcd!XVSVfce!UV! gVcUV]Z_X!g`]XV_d!YVe!RR_UVV]!gR_!YVe!SV]RdeSRRc! Z_\`^V_!gR_!V]\!gR_!UV!VTYeXV_`eV_!Z_!UV!d`^! gR_!UV!SV]RdeSRcV!Z_\`^deV_!gR_!UV!SVZUV!VTYeXV( _`eV_)

-@89AB4;;8= 6 E 4@: 64D4@ABCAA4= : > < AB D> > @ 74BE > > = E 4@: D4@: 44@ NZV!^Ve!YVe!`aV_SRRc!gVcg`Vc!_RRc!YVe!hVc\!XRRe'! h`cUe!URRcg``c!mdTRR]!SV]``_U)!<V!hVc\XVgVcd(! efddV_\`^de!g``c!UVcXV]Z[\V!gVca]RRedZ_XV_!Zd!g`]( ]VUZX!gcZ[XVdeV]U!gR_!SV]RdeZ_X)! NZV!XVScfZ\!^RR\e!gR_!YVe!XV^VV_dTYRaaV]Z[\!gVc( g`Vc!URe!UV!hVc\XVgVc!kV]W!`cXR_ZdVVce'!Zd!mdTRR]! gcZ[XVdeV]U!e`e!VV_!SVUcRX!URe!^RiZ^RR]!XV]Z[\!Zd! RR_!UV!acZ[d!gR_!VV_!ecVZ_RS`__V^V_e!VVcdeV!\]RddV! g``c!UZV!RWdeR_U)!<fd!``\!UR_!Zd!UV!hVc\XVgVcd( efddV_\`^de!Z_!UV!acR\eZ[\!g`]]VUZX!gcZ[XVdeV]U!gR_! SV]RdeZ_X)!>ZVedV_UV!hVc\_V^Vcd!^Ve!VV_!mVedgVc( X`VUZ_X!UZV!_ZVe!Y`XVc!Zd!UR_!+'-+!Vfc`!aVc!\^'!kZ[_! `a!UZV!gVcX`VUZ_X!VgV_^Z_!SV]RdeZ_X!gVcdTYf]UZXU)!


NVc\_V^Vcd!UZV!Yf_!h``_(hVc\gVc\VVc!`a!VV_! R_UVcV!hZ[kV!RnVXXV_'!Sg)!^Ve!UV!hRXV_!`W!^Ve!UV! mVed!^RRc!k`_UVc!daVTZmV\V!mVedgVcX`VUZ_X'!YVS( SV_!d]VTYed!cVTYe!`a!VV_!B@GDHDN@@L?@:gcZ[deV]]Z_X! gR_!UV!hVc\XVgVcdefddV_\`^de)!<VkV!XV]Z^ZeVVcUV! gcZ[deV]]Z_X!SVUcRRXe!g``c!RR_d]RX[RRc!-+,+'! Z_\`^deV_!-++4!.0+!Vfc`'!hRe!hV]!UfSSV]!k`gVV]! Zd!R]d!g``c!YVe!g`cZXV!RR_d]RX[RRc)!<VkV!mdTR]V! gcZ[deV]]Z_X!%_Ve!k`R]d!g``c!gVca]RRedZ_XV_!^Ve!YVe! `aV_SRRc!gVcg`Vc!`W!YVe!U``c!UV!hVc\XVgVc!XV`cXR( _ZdVVcU!XV^VV_dTYRaaV]Z[\!gVcg`Vc&!Zd!d]VTYed!gR_! e`VaRddZ_X!R]d!UV!SV]RdeZ_Xa]ZTYeZXV!Z_!kZ[_!RR_( XZWeV!_ZVe!kZ[_!hVc\V]Z[\V!SVc`Vad\`deV_!Z_ScV_Xe)!! G`\!YVe!mdTRR]!g``cUVV]!gR_!VV_!SVUcZ[WdhRXV_! h`cUe!R]d!hVc\XVgVcdefddV_\`^de!Z_!YVe!h``_( hVc\gVc\VVc!SVdTY`fhU'!`a!g``chRRcUV!URe!YVe! g``cUVV]!SVcV\V_U!hVcU!`a!SRdZd!gR_!0)+++!`W! 2)0++!acZgr\Z]`^VeVcd!%RWYR_\V]Z[\!gR_!UV!RWdeR_U! efddV_!UV!h``_a]RRed!V_!UV!gRdeV!a]RRed!gR_! eVhVc\deV]]Z_X&)!Ad!UZV!RWdeR_U!Z_!V_\V]V!cZTYeZ_X! \]VZ_Vc!`W!XV]Z[\!RR_!-0!\^!UR_!h`cUV_!0)+++! acZgr\Z]`^VeVcd!Z_!RR_^Vc\Z_X!XV_`^V_)!9Z[!VV_! Xc`eVcV!RWdeR_U!XV]Ue!2)0++!acZgr\Z]`^VeVc)!NVc\( _V^Vcd!k`_UVc!gRdeV!a]RRed!gR_!eVhVc\deV]]Z_X!UZV! VV_!SVUcZ[WdhRXV_!eVc!SVdTYZ\\Z_X!YVSSV_'!\f_( _V_!_ZVe!gR_!UVkV!mdTR]V!gcZ[deV]]Z_X!XV_ZVeV_)!@Ve! g``cUVV]!gR_!UV!SVUcZ[WdhRXV_!h`cUe!UR_!gVc`_UVc( deV]U!SVecV\\Z_X!eV!YVSSV_!`a!UV!gcZ[V!^`^V_eV_! V_!Zd!g`]]VUZX!SV]RdeSRRc)

-4@< 8= 3 4@8= 6 D> > @ 4= 4@684

14A?0@4= 3 4 C8B60D4= JZ_Ud!VV_!RR_eR]![RcV_!]VgVcV_!V_VcXZVSVdaRcV_UV! fZeXRgV_!RR_!VV_!acZgrh`_Z_X!VV_!SV]RdeZ_XgVc( ^Z_UVcZ_X!`a'!k`hV]!g``c!VZXV_RRcd!R]d!YffcUVcd)! @Ve!XRRe!`^!UV!g`]XV_UV!fZeXRgV_5!UV!gVcgR_XZ_X! gR_!`fUV!de``\\VeV]d!`W!YVe!`_UVcY`fU!gR_!VV_! de``\\VeV]'!UV!Z_deR]]ReZV!gR_!VV_!k`__VS`Z]Vc'!UV! a]RRedZ_X!gR_!k`__VTV]aR_V]V_!g``c!UV!`ahV\( \Z_X!gR_!V]V\ecZdTYV!V_VcXZV'!UV!a]RRedZ_X!gR_! R]]V!R_UVcV!fZecfdeZ_XV_!g``c!XV`eYVc^ZdTYV! V_VcXZV`ahV\\Z_X'!UV!a]RRedZ_X!gR_!UfSSV]V! SVX]RkZ_X'!UV!Zd`]ReZV!gR_!UR\V_'!UV!a]RRedZ_X!gR_! eYVc^`deReZdTYV!\cR_V_!`W!VV_!\R^VceYVc^`deRRe! ^Ve!eZ[UdZ_dTYR\V]Z_X!V_!eV_d]`eeV!``\!UV!fZeXRgV_! g``c!VV_!V_VcXZV(RfUZe!gR_!UV!h`_Z_X)!<V!hVc\V_! ^`VeV_!h`cUV_!fZeXVg`VcU!U``c!VV_!XVcVXZdecVVcU! RR__V^Vc!V_!o!g``c!UV!V_VcXZV(RfUZe!o!`gVcVV_( \`^deZX!UV!XVhVdeV]Z[\V!hVeXVgZ_X) <V!SV]RdeZ_XgVc^Z_UVcZ_X!SVUcRRXe!/+#!gR_!UV! hVc\V]Z[\V!fZeXRgV_)!@Ve!e`eRR]!gR_!UV!gVcdTYZ]( ]V_UV!SV]RdeZ_XgVc^Z_UVcZ_XV_!^RX!aVc![RRc!V_!aVc! h`_Z_X!_ZVe!^VVc!UR_!-)22+!Vfc`!SVUcRXV_)!<Ze! Zd!YVe!XVu_UViVVcU!SVUcRX!g``c!RR_d]RX[RRc!-+,+'! Z_\`^deV_!-++4)!<Ze!^RiZ^f^SVUcRX!\R_!_`X! gVcY``XU!h`cUV_!^Ve!3.+!Vfc`!R]d!UVkV!gVcY`XZ_X! fZed]fZeV_U!SVecV\\Z_X!YVVWe!`a!UV!fZeXRgV_!g``c!

UV!a]RRedZ_X!gR_!VV_!k`__VS`Z]Vc!`W!k`__VTV]aR_V( ]V_)!A_!e`eRR]!\R_!UV!^RiZ^f^SV]RdeZ_XgVc^Z_UV( cZ_X!Ufd!`a]`aV_!e`e!.)1++!Vfc`!g``c!RR_d]RX[RRc! -+,+'!Z_\`^deV_!-++4) MR_RW!RR_d]RX[RRc!-+,+'!Z_\`^deV_!-++4!hVcUV_! ^)S)e)!UVkV!SV]RdeZ_XgVc^Z_UVcZ_X!VV_!RR_eR]!hZ[( kZXZ_XV_!U``cXVg`VcU) @> 4= 4 ;4= 8= 6 <V!QXc`V_V!]V_Z_X$!UZV_e!fZed]fZeV_U!g``c!UV! m_R_TZVcZ_X!gR_!V_VcXZVSVdaRcV_UV!fZeXRgV_!g``c! acZgrU`V]VZ_UV_!UZV!cVTYe!XVgV_!`a!SV]RdeZ_X( gVc^Z_UVcZ_X)!MR_!UVkV!Xc`V_V!]V_Z_XV_!_VV^e!UV! 9V]XZdTYV!deRRe!UV!Z_ecVdeV_!eV_!]RdeV'!e`e!SV]``a! gR_!,'0#)!<Ze!XV]Ue!g``c!]V_Z_XV_!RWXVd]`eV_!gR_RW! ,![R_fRcZ!-++4!e`e!V_!^Ve!.,!UVTV^SVc!-+,,)!<V! \cVUZVe_V^Vc!^`Ve!eV_!]RRedeV!`a!YVe!`XV_S]Z\!URe! YZ[!UV!]V_Z_Xd`gVcVV_\`^de!`_UVceV\V_e'!gZR!kZ[_! m_R_TZs]V!Z_deV]]Z_X'!`^!UVkV!Z_ecVdeS`_ZmTReZV! gVck`V\V_)!@Ve!`_e]VV_UV!SVUcRX!^`Ve!^Z_deV_d! ,)-0+!V_!^RiZ^f^!,0)+++!Vfc`!SVUcRXV_)!<Ze! ^RiZ^f^SVUcRX!XV]Ue!aVc!\R]V_UVc[RRc'!aVc!h`( _Z_X!V_!aVc!\cVUZVe_V^Vc)!=V_!XVYfhU!\`aaV]!kR]! Ufd!Z_!-++4!g``c!VV_kV]WUV!h`_Z_X!%Sg)!UV!h`_Z_X! UZV!kV!kV]W!SVecV\\V_&!VV_!Xc`V_V!]V_Z_X!gR_! ^RiZ^f^!.+)+++!Vfc`!\f__V_!RR_XRR_)!! @Ve!XVUVV]eV!gR_!UV!Z_ecVdeV_!URe!UV!SV]RdeZ_X( a]ZTYeZXV!_`X!kV]W!^`Ve!SVeR]V_'!XVVWe!S`gV_UZV_! cVTYe!`a!VV_!SV]RdeZ_XgVc^Z_UVcZ_X!gR_!/+#!gR_! UV!URe![RRc!SVeRR]UV!Z_ecVdeV_)!<Ze!\`^e!S`gV_`a! UV!SV]RdeZ_XgVc^Z_UVcZ_X!gR_!/+#!g``c!UV!V_Vc( XZVSVdaRcV_UV!fZeXRgV_)!<V!SV]RdeZ_XgVc^Z_UVcZ_X! gR_!UV!SVeRR]UV!Z_ecVdeV_!kR]!_ZVe!gR_!e`VaRddZ_X! kZ[_!R]d!g``c!UVkV!Z_ecVdeV_!UV!XVh`_V!Z_ecVde( RWecV\'!UV!gVcY``XUV!Z_ecVdeRWecV\!`W!UV!RWecV\! g``c!V_ZXV!h`_Z_X!h`cUe!XVgcRRXU)! ,


)464@8= 6 : = 0114;B00= 14;0AB8= 6D4@< 8= 3 4@8= 6 KZ[UV_d!UV!`a^RR\!gR_!UV!SVXc`eZ_X!g``c!-+,+!V_!-+,,! hVcU!XVd]VfeV]U!RR_!UV!SV]RdeZ_XgVc^Z_UVcZ_X!g``c!V_Vc( XZVSVdaRcV_UV!fZeXRgV_)!M``c!h`_Z_XV_!Z_!RR_S`fh!`W!UZV! SZ[!UV!RR_gR_X!gR_!UV!hVc\V_!_`X!XVV_!gZ[W![RRc!Z_!XVScfZ\! kZ[_!XV_`^V_'!kR]!UV!SV]RdeZ_XgVc^Z_UVcZ_X!_`X!d]VTYed! gVc]VV_U!h`cUV_!g``c!UV!g`]XV_UV!fZeXRgV_5!UV!Z_deR]]ReZV! gR_!VV_!k`__VS`Z]Vc'!UV!a]RRedZ_X!gR_!k`__VaR_V]V_!g``c! UV!`ahV\\Z_X!gR_!V]V\ecZTZeVZe'!V_!UV!a]RRedZ_X!gR_!R]]V! R_UVcV!fZecfdeZ_XV_!g``c!XV`eYVc^ZdTYV!V_VcXZV(`ahV\\Z_X! %hRc^eVa`^aV_&)!<VkV!SVaVc\Z_X!Zd!gR_!e`VaRddZ_X!g``c! fZeXRgV_!XVURR_!gR_RW!,![R_fRcZ!-+,+)!<V!cVUV_VcZ_X!Zd!URe! _ZVfhV!h`_Z_XV_!g`]XV_d!UV!S`fhcVX]V^V_eVcZ_X!gR_!UV! XVhVdeV_!cVVUd!RR_!^Z_Z^R]V!V_VcXZVg``chRRcUV_!^`VeV_! g`]U`V_)!<ZV!gVca]ZTYeV!hVc\V_'!k`R]d!UfSSV]!X]Rd'!Zd`]ReZV! gR_!UR\V_'!^fcV_!V_!g]`VcV_'!_`X!VV_d!ViecR!mdTRR]!`_( UVcdeVf_V_'!Zd!g`]XV_d!UV!cVXVcZ_X'!Z_!SfUXVeeRZc!^`VZ]Z[\V! eZ[UV_'!`_XVY``cU)! M``c!Z_deR]]ReZVd!UZV!XVScfZ\!^R\V_!gR_!k`__V(V_VcXZV'! h`cUe!YVe!^RiZ^R]V!SRdZdSVUcRX!gR_!UV!gVc^Z_UVcZ_X'! -)+++!Vfc`!g``c!Z_UViReZV'!gVcY``XU!^Ve!VV_!SZ[\`^V_UV! gVc^Z_UVcZ_X!gR_!^RiZ^f^!1++!Vfc`!g``c!Z_UViReZV)!<V! e`eR]V!^RiZ^f^!SV]RdeZ_XgVc^Z_UVcZ_X!g``c!UVkV!Z_deR]( ]ReZVd!SVUcRRXe!^)R)h)!-)1++!Vfc`!g``c!Z_UViReZV)!<Ze!S]Z[We! SVdeRR_'!^RRc!gR_RW!RR_d]RX[RRc!-+,-'!Z_\`^deV_!-+,,!kR]! R]]VV_!UV!a]RRedZ_X!gR_!k`__VTV]aR_V]V_!g``c!YVe!`^kVe( eV_!gR_!k`__V(V_VcXZV!Z_!V]V\ecZdTYV!V_VcXZV!g``c!UVkV!

gVcY``XUV!SV]RdeZ_XgVc^Z_UVcZ_X!Z_!RR_^Vc\Z_X!\`^V_)! <V!fZeXRgV_!g``c!VV_!Z_deR]]ReZV!gR_!hReVcgVchRc^Z_X!U``c! ^ZUUV]!gR_!k`__V(V_VcXZV!%UV!k`XV_RR^UV!k`__VS`Z]Vcd&! kf]]V_!gR_RW!URe!RR_d]RX[RRc!eV_!SV]``a!gR_!^RiZ^f^! -)+++!Vfc`!%SVUcRX!g``c!Z_UViReZV&!cVTYe!XVgV_!`a!SV]Rd( eZ_XgVc^Z_UVcZ_X) M``c!SV]RdeZ_Xa]ZTYeZXV_!UZV!XVV_!`W!kVVc!hVZ_ZX!SV]RdeZ_X! gVcdTYf]UZXU!kZ[_'!kR]!UV!SV]RdeZ_XgVc^Z_UVcZ_X!g``c! V_VcXZVSVdaRcV_UV!fZeXRgV_'!^Ve!fZek`_UVcZ_X!gR_!UV! SV]RdeZ_XgVc^Z_UVcZ_X!g``c!UV!a]RRedZ_X!gR_!k`__VTV]aR( _V]V_!V_!VV_!k`__VS`Z]Vc!V_!UV!a]RRedZ_X!gR_!Z_deR]]ReZVd! UZV!XVScfZ\!^R\V_!gR_!RRcUhRc^eV!g``c!UV!`ahV\\Z_X!gR_! V_VcXZV%hRc^eVa`^aV_&'!\f__V_!`^XVkVe!h`cUV_!Z_!VV_! eVcfXSVeRR]SRRc!SV]RdeZ_X\cVUZVe!V_!UZe!gR_RW!RR_d]RX[RRc! -+,,'!Z_\`^deV_!-+,+)!<VkV!`^kVeeZ_X!Zd!^`XV]Z[\!g``c!UV! fZeXRgV_!XVURR_!Z_!-+,+'!-+,,!V_!-+,-)!M``c!VV_!gVc]V_( XZ_X!gR_!UVkV!^RRecVXV]!_R!-+,-!kR]!VV_!Z_!UV!^Z_ZdeVc( cRRU!`gVc]VXU!C9!_`UZX!kZ[_) =c!kZ[_!``\!RR_aRddZ_XV_!`a!eZ]!^)S)e)!YVe!SV]RdeSRRc! g``cUVV]!gR_!VV_!SVUcZ[WdhRXV_)!@Ve!g``cUVV]!k`f!SVcV\V_U! S]Z[gV_!`a!SRdZd!gR_!0)+++!`W!2)0++!acZgr\Z]`^VeVc'!^RRc!SZ[! UV!SVcV\V_Z_X!gR_!YVe!g``cUVV]!kR]!UV!;G-(fZede``e!gR_!UV! hRXV_!VV_!c`]!XRR_!daV]V_)!@`V!UZV!RR_aRddZ_X!Vc!T`_TcVVe! kR]!fZekZV_'!Zd!^`^V_eVV]!_`X!_ZVe!UfZUV]Z[\)!<RRc`gVc!^VVc! Z_!VV_!g`]XV_U!RceZ\V])

' D4@3 @02 7BD0= 3 4 14;0AB8= 6D4@< 8= 3 4@8= 6 = 00@ 3 4 D> ;64= 3 4 3 @84 14;0AB10@4 B893 ?4@: 4= NR__VVc!YVe!e`eRR]!gR_!UV!SV]RdeZ_XgVc^Z_UVcZ_X! g``c!V_VcXZVSVdaRcV_UV!fZeXRgV_!YVe!^RiZ^f^SV( UcRX!`gVcdTYcZ[Ue'!^RX!URe!`gVcdTY`e!h`cUV_!`gVc( XVUcRXV_!`a!UV!UcZV!g`]XV_UV!SV]RdeSRcV!eZ[UaVc\V_)! E)R)h)!e`e!V_!^Ve!Z_\`^deV_[RRc!-+,-!\R_!_`X! VV_!SV]RdeZ_XgVc^Z_UVcZ_X!h`cUV_!Z_XVScRTYe!g``c! fZeXRgV_!Z_!-++4)!<VkV!`gVcUcRTYe!Zd!gR_!e`VaRddZ_X! gR_RW!RR_d]RX[RRc!-+,+'!Z_\`^deV_!-++4!V_!XV]Ue! V_\V]!g``c!SVdeRR_UV!h`_Z_XV_)!<V!fZeXRgV_!^`V( eV_!SVecV\\Z_X!YVSSV_!`a!hVc\V_!gVccZTYe!RR_!VV_! h`_Z_X!UZV!R]!eV_!^Z_deV!gZ[W![RRc!Z_!XVScfZ\!Zd) -4@3 4;8= 6 BCAA4= 42 7B64= > B4= <V!SV]RdeZ_XgVc^Z_UVcZ_X!g``c!V_VcXZVSVdaRcV_UV! fZeXRgV_!XV]Ue!aVc!h`_Z_X)!M``c!XVYfhUV_!V_! hVeeV]Z[\!dR^V_h`_V_UV_!^`Ve!UV!SV]RdeZ_X( gVc^Z_UVcZ_X!Ufd!gVcUVV]U!h`cUV_!efddV_!SVZUV! aRce_Vcd)!K`e!V_!^Ve!RR_d]RX[RRc!-++4!^`Vde!UV! SV]RdeZ_XgVc^Z_UVcZ_X!gVcUVV]U!h`cUV_!g`]XV_d! YVe!RR_UVV]!gR_!V]\V!aRce_Vc!Z_!YVe!\RURdecRR]! Z_\`^V_!gR_!UV!h`_Z_X)!A_!UV!^VVdeV!XVgR]]V_! \cVVX!V]\V!VTYeXV_``e!UR_!UV!YV]We!gR_!UV!SV]Rd( eZ_XgVc^Z_UVcZ_X!e`VXV\V_U)!M``c!XVkZ__V_!^Ve! $#!

4/0"683!3.127!$&*

d]VTYed!rr_!Z_\`^V_!hRd!UZV!gVcUV]Z_XdhZ[kV!VcX! _RUV]ZX)!<V!aRce_Vc!k`_UVc!SVc`VadZ_\`^V_!\cVVX! gZR!YVe!YfhV]Z[\dbf`eZs_e!VV_!SVaVc\e!Z_\`^V_! e`VXV\V_U!^RRc!UV!SV]RdeZ_X!URRc`a!hRd!eV!]RRX! `^!UV!YV]We!gR_!UV!SV]RdeZ_XgVc^Z_UVcZ_X!RW!eV! ecV\\V_)!=c!XZ_X!SZ[XVg`]X!VV_!RR_kZV_]Z[\!UVV]!gR_! UV!SV]RdeZ_XgVc^Z_UVcZ_X!gVc]`cV_)!MR_RW!RR_d]RX( [RRc!-+,+'!Z_\`^deV_!-++4!h`cUe!UV!gVc^Z_UVcZ_X! URRc`^!gVcUVV]U!Z_!Wf_TeZV!gR_!YVe!SV]RdeSRRc!Z_( \`^V_!gR_!V]\V!VTYeXV_``e)!<VkV!gVcUV]Z_XdhZ[kV! X`]U!cVVUd!]R_XVc!g``c!YffcUVcd)! ' > : 8A> ;0B84 D0= < C@4= 4= D;> 4@4= 4= > < H4BB8= 6 8= 14;0AB8= 6: @43 84B <V!Zd`]ReZV!gR_!UR\V_!XRW!R]!]R_XVc!cVTYe!`a! SV]RdeZ_XgVc^Z_UVcZ_X)!<Ze!h`cUe!_f!o!eZ[UV]Z[\'! g``c!fZeXRgV_!Z_!-++4!V_!-+,+!o!fZeXVScVZU!_RRc! UV!Zd`]ReZV!gR_!^fcV_!V_!g]`VcV_)!G^!``\!SV]Rd( eZ_Xa]ZTYeZXV_!^Ve!VV_!]RRX!%gVcgR_XZ_Xd&Z_\`^V_! RR_!eV!kVeeV_!Yf_!h`_Z_X!eV!Zd`]VcV_'!\R_!UV!SV( ]RdeZ_XgVc^Z_UVcZ_X!g``c!Zd`]ReZVhVc\kRR^YVUV_! `^XVkVe!h`cUV_!Z_!VV_!eVcfXSVeRR]SRRc!SV]RdeZ_X( \cVUZVe)!8]d!XVV_!SV]RdeZ_X!gVcdTYf]UZXU!Zd'!SVeRR]e! UV!`gVcYVZU!VV_!SVUcRX!XV]Z[\!RR_!UV!SV]RdeZ_XgVc( ^Z_UVcZ_X'!eVcfX!RR_!UV!SV]RdeZ_Xa]ZTYeZXV)!


% 0@89: 4 (4@A> > = 4

$ & -# 2 > = 6@4A ;: 4 D84@ 900@ > @60= 8A44@B$ & -# 44= 2 > = 6@4A 0= 74B4D4= 4< 4= B600B44= 8= B4= A84D4 D> > @

14@483 8= 6 D> > @05< 4BD44; D@894= > ?4= 3 410B> = 3 4@ < 8;8B0= B4= 8B;4D4@B= 84CE 4 4= D4@5@8AA4= 3 4 83 44Q = > ? D> > @ 3 4 D0: 1> = 3 D0= < > @64= 8B: 44@ 600B74B2 > = 6@4A> D4@ E 00@3 86 E 4@: 44= 42 > = > < 84 > ? < 4= A4= < 00B4= 44= A> ;83 08@4 > D4@7483 & 84BE 8= AB> < 3 4 E 8= AB < 00@ < 00BA2 70??4;89: 4 = > 3 4= 0;A< > B> @ D0= 3 4 42 > = > < 84 4= CB> ?84 > ? 44= > 64= 1;8: 3 0B3 C8H4= 3 4= E 4@: = 4< 4@A7C= 100= D4@;84H4= 4= > D4@7483 3 84 H> @6BD> > @ E 4@: D> > @ 843 4@44= 44= ;445100@ ?4= A8> 4= 4= 44= 14B00;10@4 H> @6 4= > D4@7483 3 84 3 4 E 4;D00@B 44@;89: D4@3 44;B 4= D4@@4 3 @> > < . 893 4= : 4= D0= = 84B *B8;;4B94A8= 44= 7> 4: 94 E 02 7B4= > ? 14B4@4 B893 4= 0B8A= 84B> = H4 AB89; . 84 74BA;02 7B> 554@ 8AD0= 3 4 2 @8A8A 7445B= C @42 7BD0= A?@4: 4= . 89H89= N00= H4BD> > @ 44= A> ;83 08@4 B> 4: > < ABO

GZPVZX]^ DZSVcR]V!\cZ_XV_!dTYZ]UVcV_!gR\S`_UV_!gRR\!R]d! T`_dVcgReZVW!RW'!R]d`W!`_kV!Y`fUSRRcYVZUdURef^! gVcdecV\V_!k`f!kZ[_)!NV!kZ[_!mVc!`a!`_d!gVc]VUV_'! hR_e!UV!d`TZR]V!decZ[U!]VgVcUV!hVc\_V^VcdcVTYeV_! R]d!T`]]VTeZVW!`gVc]VX!V_!d`TZR]V!SVdTYVc^Z_X!`a)! <``c!`_kV!RTeZV!Vc\V_UV_!`gVcYVZU!V_!hVc\XVgVcd! `_d!R]d!XVdacV\daRce_Vc)!=_![R'!URe!gVc^`XV_!`^! d`]ZURcZeVZe!eV!`_ehZ\\V]V_!V_!d`TZR]V!gVch`cgV_( YVUV_!eV!cVR]ZdVcV_!hZ]]V_!hV!gVcUVUZXV_)!ERRc! eVXV]Z[\!cZTYeV_!hV!`_d!g`]fZe!`a!UV!e`V\`^de)! GgVc!e`V\`^de!acReV_!Z_!eZ[UV_!gR_!TcZdZd!Zd!^Zd( dTYZV_!_ZVe!g``c!ZVUVcVV_!VgZUV_e)!@Ve!h``cU!TcZdZd! VcWUV_!hV!gR_!UV!`fUV!?cZV\V_)!@Ve!Zd!RWXV]VZU! gR_!YVe!hVc\h``cU!Q\cZ_VZ_$'!hRe!SVeV\V_e5!U``c! gVcdTYZ]]V_UV!V]V^V_eV_!eV!`_UVcdTYVZUV_!V_!eV!

`_UVck`V\V_!VV_!``cUVV]!gV]]V_'!VV_!SVaRR]UV! g``c\Vfc!fZedacV\V_!V_!URRc_RRc!YR_UV]V_'!`W! eVXV_`gVc!VV_!eVXV_aRceZ[!ZVed!SVehZdeV_)!QPZV_'! ``cUV]V_'!YR_UV]V_$!RgR_e!]R!]VeecV'!k`![V!hZ])!@Ve! Zd!Ufd!_ZVe!VV_!d``ce!_``U]`e!URe![V!^RTYeV]``d! ^`Ve!`_UVcXRR_'!^RRc!VV_!dZefReZV!UZV![V!RR_kVe! e`e!gVcdTYVcae!_RUV_\V_!V_!YR_UV]V_)! =V_!TcZdZd!\R_!e`e!VV_!\V_eVcZ_X!]VZUV_)!NV!]ReV_! `_d!_ZVe!gVc]R^^V_!^Ve!UV!U``UU`V_Vc!QeYVcV! Zd!_`!R]eVc_ReZgV$)!QNZV!ZVed!hZ]!U`V_'!gZ_Ue!VV_! ^ZUUV])!NZV!_ZVed!hZ]!U`V_'!VV_!ViTffd$'!]fZUe! VV_!8cRSZdTY!dacVV\h``cU)!NZ[!kZ[_!XVV_!aRddZVgV! e`VdTY`fhVcd!gR_!hRe!kZTY!Z_!UV!^RRedTYRaaZ[! RWdaVV]e)!@`V!UV!e`V\`^de!gR_!`_kV!\Z_UVcV_! Vc!kR]!fZekZV_'!hZ]]V_!hV!_ZVe!`gVc]ReV_!RR_!UV! ]ZSVcR]V!UV_\eR_\d)!NV!hZ]]V_!kV]W!_RUV_\V_!`gVc! UV!^R_ZVc!hRRc`a!hV!`a!`_kV!a]R_VVe!ac`UfTVcV_! $$


V_!UV!hV]gRRce!gVcUV]V_)!NZ[!hZ]]V_!VV_!VT`_`^ZV! UZV!cVdaVTe!e``_e!g``c!RcSVZU)!NRRcUZX!hVc\!V_! VV_!cVTYegRRcUZXV!gVcUV]Z_X!gR_!UV!XVac`UfTVVcUV! cZ[\U`^'!URRc!UcRRZe!YVe!SZ[!`_d!`^)!P`ZVed!gcRRXe! VV_!cRUZTR]V!\VfkV!g``c!VV_!VT`_`^ZV!Z_!UZV_de! gR_!^RRedTYRaaV]Z[\V!_`UV_)!<Re!hZ]]V_!hV!Z_!`_d! e`V\`^deac`[VTe!XVcVR]ZdVVcU!kZV_)

FZWTOLT\ @Ve!ehVVUV!d]VfeV]h``cU!Zd5!d`]ZURZc)!=gV_^Z_! gR_kV]WdacV\V_U!Z_!VV_!hVcV]U!hRRc!R]]Vd!]Z[\e!eV! UcRRZV_!c`_U!YVe!Z_UZgZUf)!NZV!YVVWe!_`X!d`]ZUR( cZeVZe!_`UZX7!NV!SVdTYZ\\V_!e`TY!R]]V^RR]!`gVc! QXV]Z[\V!\R_dV_$7!NV!hZ]]V_!e`TY!R]]V^RR]!RW!gR_! UZV!SVefeeV]V_UV!`gVcYVZU7!9V_![V!_ZVe!UV!cVXZddVfc! gR_![V!VZXV_!`a]VZUZ_X'!]``aSRR_'!gV__``edTYRa'! UZXZeR]V!_VehVc\V_'!YfZd[V!efZ_e[V'![V!VZXV_!XV( kZ_da]R__Z_X'!^fkZV\gVckR^V]Z_X'!Y`^V!SR_\Z_X'! ^`SZ]ZeVZe'!gR_![V!VZXV_!aV_dZ`V_'!gR_![V! kV]W`_eh`caV_!dVcgZTVnRe'!gR_![V!kV]WXV\`kV_! U``U7!BV!]VgV_!R]d!rr_!Xc``e!TRWVeRcZRa]R_'!VV_! gVV]YVZU!RR_!\VfkVd):1N"M:OK:NJ:SJO%: NRRc`^!k`f![V!_`X!SV]RdeZ_XV_!SVeR]V_7!NRRc`^! k`f![V!_`X!VV_!gR\S`_U!_`UZX!YVSSV_'! `W!d`TZR]V!kV\VcYVZU7!<Re!]ZVU[V!Y``c![V!`gVcR])! NVc\_V^Vcd!h`cUV_!g``ceUfcV_U!`a!Yf_!Z_UZ( gZUfV]V!gVcR_eh``cUV]Z[\YVZU!XVhVkV_!U``c!SV( UcZ[Wd]VZUVcd!V_!RR_UVV]Y`fUVcd!UZV!kV]W!^RRc!R]!eV! XcRRX!XVaR^aVcU!h`cUV_!^Ve!XV^VV_dTYRadXV]U)! ;`]]VTeZVgV!RTeZV!V_!RWdacR\V_!k`fUV_!T`_Tfc( cV_eV_!kZ[_!gR_!UV!gcZ[YVZU!gR_!`_UVc_V^V_!V_! UV!Z_UZgZUfV]V!\VfkVgcZ[YVZU)!NVc\_V^Vcd!fZe!gVc( dTYZ]]V_UV!cVXZ`$d'!`_UVc_V^Z_XV_!V_!gVdeZXZ_XV_! h`cUV_!eVXV_!V]\RRc!fZeXVdaVV]U)!<V!nViZSZ]ZdVcZ_X! gR_!UV!RcSVZUd^Rc\e!TcVsVce!VV_!Xc`VZV_UV!Xc`Va! Q`fedZUVcd$5!fZekV_U\cRTYeV_'!eZ[UV]Z[\V_'!`_gcZ[hZ]( ]ZX!UVV]eZ[UdV_'!hVc\_V^Vcd!Z_!`_UVcRR__V^Z_X'! ]RRXXVdTY``]UV_'!^ZXcR_eV_)! =V_!\cZ^aV_UV!`gVcYVZU'!e`V_V^V_UV!T`^( ^VcTZR]ZdVcZ_X'!X]`SR]ZdVcZ_X'!gVcd_ZaaVcZ_X!`a! UV!RcSVZUd^Rc\e'![`S`_kV\VcYVZU'!gVcXcZ[kZ_X!V_! \]Z^RReac`S]V^V_!kZ[_!Vc_deZXV!fZeURXZ_XV_!UZV! dTYcVVfhV_!`^!_ZVfhV!g`c^V_!gR_!d`]ZURcZeVZe)! <RRc`gVc!^`Ve!UV!gR\SVhVXZ_X!kZTYkV]W!SVgcRXV_)! PZ[_!`_kV!UZV_degVc]V_Z_X'!`_kV!T`]]VTeZVgV!R\\``c( UV_!V_!`_kV!decfTefcV_!XVcZTYe!`a!UZV! _ZVfhV!fZeURXZ_XV_!V_!`a!UV!SV]R_XV_gVcUVUZXZ_X! gR_!R]]V!hVc\_V^VcdXc`VaV_7!@`V!\f__V_!hV RTeZVW!SZ[UcRXV_!e`e!VV_!Tf]effc!hRRcZ_!YVe! _`c^RR]!Zd!URe!V]\!Z_UZgZUf!gVcR_eh``cUV]Z[\YVZU! `a_VV^e!g``c!UV!XV^VV_dTYRa'!`gVc!UV!XV_VcReZVd! YVV_'!`gVc!UV!dVTe`cV_!YVV_!V_!`gVc!UV!]R_UdXcV_( kV_!YVV_7!@`V!\R_!`_kV!acR\eZ[\!RR_e`_V_!URe! d`]ZURcZeVZe!_ZVe!dTYRUV]Z[\!Zd!g``c!UV!Rfe`_`^ZV! gR_!Z_UZgZUfV_'!hV]!Z_eVXV_UVV]7! $%!

4/0"683!3.127!$&*

<V!d`TZR]V!kV\VcYVZU!acZgReZdVcV_!dTYVae!XVV_!Z_( UZgZUfV]V!gcZ[YVZU'!^RRc!Z_UZgZUfV]V!`_kV\VcYVZU)! McZ[YVZU!YR_Xe!_Rfh!dR^V_!^Ve!gVcS`_UV_YVZU)! P`_UVc!gVcS`_UV_YVZU!XV]Ue!YVe!cVTYe!gR_!UV! deVc\deV)!M``c!SVUcZ[gV_!V_!RR_UVV]Y`fUVcd!Zd! VZXV_SV]R_X!_`UZX!`^!UV!VT`_`^ZdTYV!``c]`X! eV!`gVc]VgV_)!M``c!UV!hVc\_V^Vcd!Zd!d`]ZURcZeVZe! _`UZX!`^!_ZVe!eV_!`_UVc!eV!XRR_!RR_!d`TZR]V! Uf^aZ_X)!J`]ZURcZeVZe!Zd!XVSRdVVcU!`a!XV^VV_( dTYRaaV]Z[\V!SV]R_XV_!V_!hVUVc\VcZXYVZU)!A_! UV!SVdeV!UVc!hVcV]UV_!\`^e!d`]ZURcZeVZe!efddV_! aVcd`_V_!da`_eRR_!e`e!deR_U)!A_!VV_!VT`_`^ZdTY! djdeVV^!hRRcZ_!R]]Vd!UcRRZe!`^!hZ_de'!kZ[_!\cRTYed( gVcY`fUZ_XV_!_`UZX!`^!UZV!d`]ZURcZeVZe!eV!`cXR( _ZdVcV_)!8]d!UV!gR\S`_UV_!URRc!_ZVe!g``c!k`cXV_'! hZV!UR_!hV]7! <V!`gVcYVZU!gVcgf]e!VV_!SV]R_XcZ[\V!c`]!`a!YVe!g]R\! gR_!UV!Z_deZefeZ`_V]V!g`c^V_!gR_!YVcgVcUV]Z_X!V_! d`]ZURcZeVZe)!8]d!kV!Z_!deRRe!S]VV\!`^!UV!SR_\V_! eV!cVUUV_'!UR_!^`Ve!kV!``\!Z_!deRRe!kZ[_!`^!UV! d`TZR]V!kV\VcYVZU!eV!gVcdeVc\V_!V_!^`Ve!kV!Z_!deRRe! kZ[_!`^!UV!gVc^`XV_d!V_!UV!\RaZeRR]\cRTYeZXV_! RR_!eV!dacV\V_!`^!Yf_!UVV]!SZ[!eV!UcRXV_!e`e!VV_! ]VVWSRcV!dR^V_]VgZ_X)!NZV!\ZVde!g``c!VV_!d`]ZURZcV! e`V\`^de'!\ZVde!g``c!VV_!cVTYegRRcUZXV!mdTR]ZeVZe! UZV!UV!`gVcYVZU!UV!_`UZXV!^ZUUV]V_!XVVWe!g``c!T`]( ]VTeZVgV!g``ckZV_Z_XV_!V_!VV_!d`TZRR]!SV]VZU)! GaV_SRcV!UZV_deV_!kZ[_!Z^^Vcd!_`UZX!`^!Wf_UR( ^V_eV]V!cVTYeV_!eV!cVR]ZdVcV_!k`R]d!`_UVchZ[d'! XVk`_UYVZU'!h`_V_'!gVcg`Vc'!Tf]effc'!q!<ZV! Z_UZgZUfV]V!cVTYeV_!gR_!V]\V!SfcXVc!\`^V_!R]]VV_! ^RRc!Z_!ZVUVcd!SVcVZ\!U``c!UV!^ZUUV]V_!Vcg``c! XV^VV_dTYRaaV]Z[\!eV!^R\V_)!<V!d`TZR]V!kV\VcYVZU! SVhZ[de!URe!V]\V!URX!V_!URe!hZ]]V_!hV!XcRRX!k`! Y`fUV_)!G_kV!deR_Uaf_eV_!URRc`gVc!kZ[_!SV\V_U)! >ZdTR]V!cVTYegRRcUZXYVZU!Z_!eZ[UV_!gR_!TcZdZd!V_! X]`SR]ZdVcZ_X'!``\!URRc!hZ]]V_!hV!`a!UZe!T`_XcVd! \]RcV!deR_Uaf_eV_!`gVc!Z__V^V_)!

0= H4B @Ve!T`_XcVd!gR_!UV!D9;(FMC!kR]!XVV_!RWXVhVc\eV! S]RfhUcf\!XVgV_!g``c!UZV!d`]ZURZcV!e`V\`^de!^RRc! YVe!^`Ve!hV]!k`cXV_!g``c!VV_!RR_kVe)!Q8R_kVe$'! kVXe!MR_!<R]V'!Zd!VV_!YR_UV]Z_X!hRRcU``c![V!VV_! SVXZ_!^Ve!ZVed!^RR\e)!@Ve!Zd!YVe!VVcdeV!kZTYeSRcV! UVV]!gR_!VV_!`_ehZ\\V]Z_X!V_!YVe!hVc\h``cU! RR_kVeeV_!SVeV\V_e!deZ^f]VcV_'!e`e!YR_UV]V_! RR_da`cV_)! 8R_!kVe!\R_![V!``\!Z_!ehVV!h``cUV_!]VkV_)!<V! TcZdZd!YVVWe!YVe!\]RddZV\V!]ZSVcR]V!UZdT`fcd!Xc`_UZX! U``cVV_!XVdTYfU)!<V!^Z]ZeR_eV_!gR_!D9;(FMC!gZ_( UV_!URe!kZ[!_f!RR_!kVe!kZ[_!`^!Yf_!gZdZV!eV!XVgV_! `a!hRRcUZX!hVc\'!VV_!VT`_`^ZV!`a!^V_dV_^RRe!V_! VV_!d`]ZURZcV!`gVcYVZU)! BV!Y``ce!Vc!_`X!gR_)


D0 % 042 : 4;14@674

-> @< 8= 6 8AD> > @ 3 C@D4@A 4= 94 = C E 44@ 0;E 46 ' 5AB4@: 4@ = > 6 60 94 = > 6 44= A3 @84 3 064= > ? D4@;> 5 8BH89= A;42 7BA4= : 4;4 @402 B84AD0= 2 > ;;460OA> ? < 8;8B0= B4= 3 84 44= 3 @843 006A4 D> @< 8= 6 D> ;64= 189$ & -# . 4 : 4= = 4= H4 0;;4< 00; 3 4 D> > @> > @3 4;4= B > D < 8;8B0= B4= 3 84 H82 7 E 8;;4= 8= H4BB4= D> > @ 7C= 2 > ;;460OA8= 7C= > = 3 4@

= 4< 8= 6 & 44 D0: 1> = 3 AE 4@: 8A= 84B78? 4= B@4= 3 G D0= 3 006 064;89: AD42 7B4= < 8;8B0= B4= B464= 3 4 D> > @> > @3 4;4= D0= 3 4 ?C1;84: 4 > ?8= 84 L OBH89= 0;;4< 00;?@> 58B4C@AM 4= LH4 3 > 4= 74B0;;44= < 00@ D> > @ 3 4 14A2 74@< 8= 6M 4@: 4= 100@ $0B4= E 4 B4= < 8= AB4 0;PP= D> > @> > @3 44;C8B3 4 E 46 @C8< 4= < 4B44= 3 C83 4;89: AB0B4< 4= B -> @< 8= 6 189$ & -# 8A644= AG= > = 84< D> > @ D0: 0= B84 -> @< 8= 6 8AD> > @ 3 C@D4@A NV!]VgV_!Z_!VV_!dR^V_]VgZ_X!UZV!g``ceUfcV_U!Z_! gVcR_UVcZ_X!Zd!V_!hRRcZ_!UV!hVc\_V^Vcd!_ZVe!RR_! YVe!c`Vc!deRR_)!MR\S`_UdhVc\!XVSVfce!Z_!UVkV! T`_eVie'!U``c!XVh`_V!^V_dV_)!EV_dV_!UZV!hZ]]V_! `a\`^V_!g``c!UV!cVTYeV_!gR_!UZV!hVc\_V^Vcd'!Z_! UV!gRR\!dTYVVWXVXc`VZUV!^RTYedgVcY`fUZ_XV_!^Ve! UV!hVc\XVgVcd)!ERRc!gR\S`_UdhVc\!Zd!^VVc!UR_! URe)!8TeZVW!kZ[_!Z_!UV!gR\S`_U'!SVeV\V_e!``\!^VV( hVc\V_!RR_!YVe!SVhVc\deV]]ZXV_!gR_!gVcR_UVcZ_XV_! Z_!UV!ScVUVcV!dR^V_]VgZ_X'!U``c!UV!SVdeRR_UV! `_cVTYegRRcUZXYVUV_!RR_!UV!\RR\!eV!deV]]V_!V_! d`TZR]V!T`ccVTeZVd!eV!VZdV_)!<Re!gcRRXe!YVV]!hRe! \V__Zd!V_!gRRcUZXYVUV_!gR_!VV_!^Z]ZeR_e)! 9`gV_UZV_!h`cU![V!_ZVe!R]d!QgR\S`_Ud^V_d$!XVS`( cV_)!MR\S`_UdhVc\!^`Ve![V!]VcV_)!=_!URe!\R_![V! _ZVe!R]]VV_)!<RRcg``c!YVS![V!VV_!Xc`Va!gR_!^V_dV_! _`UZX'!XV]Z[\XVkZ_UV_'!UZV!V]\RRc!deVf_V_!Z_!Yf_! VcgRcZ_XV_'!gR_!V]\RRc!]VcV_!V_!\V__Zd!gVchVcgV_! `^!hVVcSRRcUVc!eV!h`cUV_)!<Re!Zd!hRe!g`c^Z_X! U`Veq!V_!^VVc)!M`c^Z_X!ScV_Xe!^Z]ZeR_eV_!SZ[! V]\RRc!`^!_R!eV!UV_\V_!`gVc!hRe!Vc!c`_U`^!`_d! XVSVfce!V_!URRc!^Ve!VV_!\cZeZdTYV!S]Z\!_RRc!eV! S]Z[gV_!\Z[\V_)!@Ve!Zd!VV_!W`cf^!hRRc!^Z]ZeR_eV_! V]\RRc!\f__V_!`_e^`VeV_!V_!VV_!dR^V_Y`cZXYVZU! `aS`fhV_!UZV!_`UZX!Zd!`^!UV!fZeURXZ_XV_!gR_! UVkV!eZ[U!YVe!Y``WU!eV!\f__V_!SZVUV_)!=V_!dR^V_(

]VgZ_X!UZV!\V__Zd!R]d!SV]R_XcZ[\V!^RTYe!SVdTY`fhe'! gcRRXe!``\!URe!^V_dV_!gVV]!hVeV_'!gVV]!Z_W`c^ReZV! \f__V_!gVchVc\V_!V_!g``ceUfcV_U!SZ[]VcV_)!=V_! ^Z]ZeR_e!`_ed_Rae!URRc!VgV_^Z_!RR_)!NVc\XVgVcd! `^cZ_XV_!kZTY!S`gV_UZV_!deVVUd!^VVc!^Ve!daVTZR( ]ZdeV_!V_![fcZdeV_!`^!Yf_!cVTYeV_!eV!gVcUVUZXV_)! =V_![fcZUZdTYV!SRdZd\V__Zd!Zd!g``c!VV_!^Z]ZeR_e!Ufd! VV_!^Z_Z^f^!`^!^Ve!g`]U`V_UV!\cRTYe!Yf_!VZXV_! cVTYeV_!eV!U`V_!XV]UV_)! M`c^Z_X!Zd!XVV_!fZedeRa[V!_RRc!rr_!`W!R_UVc! ]fiV``cU'!YVe!Zd!VV_!aVc^R_V_e!ac`TVd)!JeVc\Vc! kV]Wd'!VV_!RSd`]feV!_``UkRR\'!`^URe!d`TZR]V! gVch`cgV_YVUV_!Vc!_ZVe!gR_kV]W!XV\`^V_!kZ[_! V_!``\!_ZVe!gR_kV]WdacV\V_U!kf]]V_!S]Z[gV_)!NV! YVSSV_!\cZeZdTYV!V_!SVhfdeV!^V_dV_!_`UZX!UZV! SVcVZU!kZ[_!kZTYkV]W!V_!UV!dR^V_]VgZ_X!g``ceUf( cV_U!eV!SVgcRXV_!gR_fZe!VV_!UZVaXVh`ceV]U!XV]``W! URe!YVe!R_UVcd!\R_!r_!^V_dV]Z[\Vc!Z_!ZVUVc!XVgR])! C`ce`^'!g`c^Z_X!Zd!fZeURXV_U'!]VVccZ[\'!S`VZV_U! r_!gVc^`VZV_U'!V_!_Reffc]Z[\!\R_!V_!^RX!YVe! YVV]!VcX!]Vf\!kZ[_)!PZ_!XV\cVXV_!`^!^VV!eV!U`V_7! =]\V!^Z]ZeR_e!YVVWe!Vc!cVTYe!`a)! NVVd!hV]\`^" M``c!^VVc!Z_W`c^ReZV!\R_![V!o!R]d!gR\S`_Ud^Z]ZeR_e!o!eVcVTYe! `a!CNNK(&&HDGDN<IN@I%G=>$IPF%=@ $&


& -# E C85B)> 64@ -0= 3 4= ?CBC8B

L!: 14= 44= > C3 4 : @> : > 3 8;M

& 0 3 4@B86 900@< 44 3 4 64A2 7843 4= 8AD0= 74B& -# B4 74114= 64A2 7@4D4= D4@;00B = 0B8> = 00; A42 @4B0@8A )> 64@-0= 3 4= ?CB48= 3 3 4 D0: 1> = 3 A2 4= B@0;4 ;A4@84< 0= 3 8A3 843 44D> ;CB84A8= 74B: 03 4@AG= 3 8

2 0;8A< 4 3 4 D> > @1894 3 42 4= = 80 7445BH84= > 53 > 4= 4D> ;C4@4= 8A789 74BE 4; 00@> < ;0B4= E 4 74< > ? 3 4 D0;@44? D0= H89= ?4= A8> 4= = > 6 6@006 00= 74B E > > @3 > D4@ D4@;43 4= 743 4= 4= B> 4: > < ABJ $'!

4/0"683!3.127!$&*


lA\!SV_!VV_!`fUV!\c`\`UZ]'p!deV]e!YZ[!`_XVXV( _VVcU)!>ZVcYVZU!Zd!_ZVe!YVe![fZdeV!h``cU'!^RRc!YZ[! dTYRR^e!kZTY!Vc!``\!_ZVe!g``c)!lGfUV!\c`\`UZ]]V_! Y`VgV_!XVV_!ac`S]VV^!eV!kZ[_)!@Ve!h`cUe!aRd!VV_! ac`S]VV^!R]d!UV!`fUV!\c`\`UZ]]V_!^Ve!eVgVV]!kZ[_)! PV!YVSSV_!_`XR]!UV!_VZXZ_X!`^!`gVc!YVe!gVc]VUV_! eV!S]Z[gV_!kVfcV_)!ERRc!Z\!YVS!YVe!XVg`V]!URe!hV! `^cZ_XU!kZ[_!U``c!YVV]!gVV]![`_XV!^V_dV_)!8]d! `fUV!\c`\`UZ]!hZ]!Z\!UR_!XcRRX!^Z[_!VcgRcZ_X!eV_! UZV_deV!deV]]V_!gR_!Yf_!R^SZeZV!`^!UV!gR\S`_U!UV! e`V\`^de!Z_!eV!]``UdV_)p I`XVc!SVX`_!kZ[_!TRccZtcV!VcXV_d!Z_!UV![RcV_!$2+!SZ[! YVe!8;M!Z_!DVfgV_)!A_!$24!SV]R_UUV!YZ[!SZ[!UV!e`V_( ^R]ZXV!D9;!`^!^VV!XVdeR]eV!eV!XVgV_!RR_!YVe!FMC)! lJaVTZmV\!`^!UV!\RUVchVc\Z_X!fZe!eV!S`fhV_!YRU! UV!D9;!e`V_!SVd]Zde!`^!gZ[W!ac`aRXR_UZdeV_!RR_!eV! hVcgV_'!g``c!V]\V!ac`gZ_TZV!rr_)!=V_!U`V]SVhfdeV! \VfkV'!^RRc!kV\Vc!_ZVe!`_`^decVUV_)!@Ve!]VZUUV! Z_eVc_!hV]!e`e!hRe!daR__Z_XV_)!NRd!UZV!daVTZmV\V! \RUVchVc\Z_X!_f!VTYe!hV]!_`UZX7!G`\!_f!g`V]!Z\! UZV!UZdTfddZV!d`^d!_`X'!^RRc!e`V_!_`X!gVV]!^VVc)p!

)C8< B4 D> > @ : 03 4@;43 4= 39<=D-!.@:PL<<B:DM:DI?@L?<<?:IJB:MN@@?M:<>NO@@G%: 8<<LJH:DM:@L:PJJL:F<?@LG@?@I:@@I:<K<LN@:F<?@LQ@L$ FDIB):2OII@I:F<?@LG@?@I:ID@N:=@N@L:B@XIN@BL@@L?: QJL?@I:DI:?@:<GB@H@I@:P<F=JI?MQ@LFDIB) 7B>=D-!A\!SV_!YVe!YV]V^RR]!^Ve![V!VV_d)!EVVc! kV]Wd'!UZV!Z_eVXcReZV!deRRe!g``c!_ZV^R_U!eVc!UZdTfd( dZV)!ERRc!URRc_RRde!Zd!YVe!SV]R_XcZ[\!`^!cfZ^eV!eV! YVSSV_!`^!eV!hVc\V_!c`_U!eYV^R$d!UZV!g``c!\R( UVc]VUV_!SV]R_XcZ[\!kZ[_)!A\!UV_\!UR_!SZ[g``cSVV]U! RR_!eV]VhVc\!`W!T`^aVeV_eZV^R_RXV^V_e)!<Re!kZ[_! eYV^R$d!UZV!Z_!UV!R]XV^V_V!gR\S`_UdhVc\Z_X!_ZVe! gRR\!RR_!S`U!\`^V_'!`^URe!UV!^VVdeV!RcSVZUVcd! V_!SVUZV_UV_!Vc!_ZVe!gVV]!^VV!h`cUV_!XVT`_Wc`_( eVVcU)!ERRc!\RUVc]VUV_!hV])! 39<=D-!0J@:HJ@N:?D@:B@XIN@BL@@L?@:Q@LFDIB:@L:?<I: DI:?@:KL<FNDEF:ODNTD@I) 7B>=D-!MR\S`_UdhVc\!gVcecV\e!gR_fZe!d`]ZURcZeVZe)! M`]XV_d!^Z[!SVeV\V_e!Qd`]ZURcZeVZe$!_ZVe!URe!R]eZ[U! g``c!ZVUVcVV_!YVekV]WUV!XV]Ue'!^RRc!hV]!URe!hV! ^V\RRc!`_UVcdeVf_V_!hRRc!_`UZX)!8]d!YVe!XRRe! `^!YVe!`aecV\\V_!gR_!UV!^Z_Z^f^]`_V_!gR_!UV! RcSVZUVcd'!^`VeV_!\RUVc]VUV_!g`]fZe!Q[R$!UfcgV_! kVXXV_'!``\!R]!kZ[_!kV!kV]W!XVV_!SVec`\\V_!aRceZ[)! 8cSVZUVcd'!UZV!SR_X!kZ[_!gR_!R]!hRe!_RRc!nViZSZ( ]ZeVZe!_VZXe'!^`VeV_!SZ[g``cSVV]U!``\!SVXcZ[aV_! URe!\RUVc]VUV_!^ZddTYZV_!("$!VV_!kV\VcV!g`c^! gR_!nViZSZ]ZeVZe!Z_!Yf_!ffccVXV]Z_X!hZ]]V_)!ERRc! R_UVcd`^!^`VeV_!UZV!\RUVc]VUV_!UR_!``\!SVdVWWV_! URe!UV!\RRceV_!g``c!RcSVZUVcd!R_UVcd!]ZXXV_)!PV! ^`VeV_!YV_!deVf_V_!Z_!UV!decZ[U!'"#"&!nViZSZ]ZeVZe)! PV!^`VeV_!XVV_!ZUV_eZV\V!cVXV]Z_X!hZ]]V_)!ERRc!kV! \f__V_!hV]!d`]ZURZc!^V\RRcd!VZdV_!`_UVcdeVf_V_)!

A\!gZ_U!YVe!R]eZ[U!gcVV^U!URe!^V_dV_!deV]]V_!URe! Vc!XVV_!gVcdTYZ]!^RX!kZ[_!efddV_!hRe!UV!gR\S`_U! gcRRXe!g``c!RcSVZUVcd'!SVUZV_UV_!V_!\RUVc]VUV_)! 8]d`W!URe!VV_!RR_nfZeZ_X!gR_!UV!d`]ZURcZeVZe!k`f! kZ[_)!NV!^R\V_!e`TY!``\!VV_!`_UVcdTYVZU!efddV_! UV!gVcdTYZ]]V_UV!dVTe`cV_7!NV!gcRXV_!e`TY!R_UVcV! UZ_XV_!g``c!gVca]VVXdeVcd!UR_!g``c!SR_\SV( UZV_UV_7!=_!hV!^R\V_!e`TY!``\!gVcdTYZ]!efddV_! [`_XVcV_!V_!`fUVcV_7!<V!]`_V_!Z_!`_kV!TR`$d! kZ[_!XVSRdVVcU!`a!]VVWeZ[U)!Ff![R'!Z_efddV_!Zd!URe! R_TZs__ZeVZe!XVh`cUV_'!^RRc!gVV]!Zd!Vc!_ZVe!gVcR_( UVcU)!NRRc`^!k`f!YVe!gVcdTYZ]!efddV_!SVUZV_UV_! V_!\RUVc]VUV_!UR_!^Z_UVc!gVc``c]``WU!kZ[_7 39<=D-!1F:C@=:JJF:?@:DI?LOF:?<N:?@:;F<?@LNC@H<"M": H@@MN<G:I<?D@I:JJF:?JJLMDEK@G@I:=DE:=@?D@I?@I% 7B>=D-!IVUV_!eV!^VVc!`^!UV!eYV^R$d!`a!eZ[U!RR_! eV!aR\\V_)!=_!k`_UVc!eV!gVV]!dTcfaf]Vd)!<VdeZ[Ud! hRcV_!hV!WV]!XV\R_e!eVXV_!Xc`VadgVckV\VcZ_XV_)! NV!hZ]UV_!Vc!_ZVe!gR_!hVeV_!V_!hV!YZV]UV_!Vc!`_d! _ZVe!^VV!SVkZX)!@Ve!XVg`]X!Zd!URe!UV!hVc\XVgVcd! gcZ[!daV]!\cVXV_)!NV!^`VeV_!_ZVe!eV!acZ_TZaZVV]!`a! `_d!af_e!S]Z[gV_!deRR_)!NR_e!UR_!cZd\VcV_!hV!UV! S``e!eV!^ZddV_)!@VSSV_!hV!UR_!`_d!hVc\!X`VU!XV( URR_7!FVV'!UR_!YVSSV_!hV!`_kV!]VUV_!Z_!UV!deVV\! XV]ReV_!`W!`gVcXV]VgVcU!RR_!UV!hVc\XVgVcd)! ERRc!Z\!W`c^f]VVc!YVe!_f!R]]V^RR]!hRe!eV!dTYVca)! NV!cVRXVcV_!_Reffc]Z[\!^VVdeR]!("$!`a!UV!X`VUV! ^R_ZVc)!A\!]RRe!^V!hV]]ZTYe!eV!gVV]!]VZUV_!U``c! ^Z[_!_VXReZVgV!VcgRcZ_XV_)! 39<=D-!+GM:E@:T@BN:?<N:Q@:?@:F<?@LNC@H<"M:ID@N:ODN:C@N: JJB:HJB@I:P@LGD@T@I#:Q<<L<<I:?@IF:E@:?<I:TJ<G) 7B>=D-!=V_!SV]R_XcZ[\!eYV^R!Zd!UV!`cXR_ZdReZV! gR_!YVe!hVc\)!=V_!TYVW!UZV!d]VTYe!]VZUZ_X!XVVWe'! gVc``ckRR\e!decVdd!SZ[!kZ[_!^VUVhVc\Vcd)!=V_!SR_\! UZV!kZ[_!^VUVhVc\Vcd!gcRRXe!`^!ac`UfTeV_!eV! gVc\`aV_!hRRcZ_!kV!kV]W!_ZVe!XV]`gV_'!gVc``ckRR\e! ``\!decVdd)!<Re!d``ce!eYV^R$d!Zd!SZ[!\RUVc]VUV_!RR_! UV!`cUV)!PZ[!hZ]]V_!kZTY!\f__V_!YVc\V__V_!Z_!Yf_! hVc\)!NV]kZ[_!V_!VeYZV\!kZ[_!SV]R_XcZ[\V!eYV^R$d)! EV_dV_!hVc\V_!]ZVgVc!/+!ffc!%"'!g`]]V!X`VdeZ_X! UR_!.1!ffc!'"#"&!Yf_!X`VdeZ_X)!KhVV!ffce[Vd! RcSVZUdUffcgVc\`ceZ_X!Zd!XVV_!`a]`ddZ_X!g``c!hZV! eVXV_!kZ[_!kZ_!hVc\e)!BV!^`Ve!Vc!g``c!k`cXV_!URe! YZ[!`W!kZ[!kZTY!X`VU!g`V]e!Z_!kZ[_![`S)!

7T`P\]T^PT^ 39<=D-!0@N:=GDEAN:JJF:HJ@DGDEF:JH:F<?@LG@?@I:N@: =@NL@FF@I:=DE:P<F=JI?MQ@LF%:0J@:FOII@I:Q@:?<<L$ <<I:Q@LF@I) 7B>=D-!EVe!VV_!S`feRUV!kVX!Z\!hV]!VV_d!URe!hV! ^RX_ZmV\!hVc\!]VgVcV_!g``c!UV!SVUZV_UV_!UZV!kZTY! dZefVcV_!efddV_!UV!\RddZVcdeVc!Z_!UV!dfaVc^Rc\e! V_!UV!]`\VeSVUZV_UV!SZ[!UV!SR_\)!<V!ecRUZeZ`_V]V! SVUZV_UV'!kVX!^RRc)!ERRc!R]!hRe!URRc!`_UVc!`W! S`gV_!kZe'!SVcVZ\V_!hV!gVV]!^Z_UVc!g]`e)!<V!SV( $(


UZV_UVa`af]ReZV!Zd!gVV]!UZgVcdVc!UR_!YVe!dVX^V_e! URe!hZ[!SVcVZ\V_)!8R_!UV!`_UVc\R_e!YVSSV_!hV!YVe! ^`VZ]Z[\!`^!]RRXXVdTY``]UV_!SZ[!`_kV!hVc\Z_X!eV! SVecV\\V_'!`W!R]]`TYe`_V_)!8R_!UV!S`gV_\R_e!YVS( SV_!hV!YVe!^`VZ]Z[\!`^!UV!\RUVc]VUV_!eV!SVcVZ\V_)! K`TY!YVS!Z\!_ZVe!UV!Z_Ucf\!URe!Vc!SZ[!\RUVc]VUV_! o!kV]Wd!SZ[!UV!Y`XVcV!\RUVc]VUV_!o!gVV]!acZ_TZaZs]V! SVUV_\Z_XV_!kZ[_!eVXV_!dj_UZTR]Zd^V)!NV]!SZ[!UV! URXV]Z[\dV!acR\eZ[\)! 39<=D-!0J@:=@?J@G:E@) 7B>=D-!=V_!X`VUV!Ur]rXfr!U`Ve!kZ[_![`S!T`ccVTe! V_!UhZ_Xe!`a!UZV!^R_ZVc!cVdaVTe!RW)!8_UVcd!Zd!YZ[! `W!kZ[!XVV_!X`VU!fZeYR_XS`cU!g``c!UV!gR\S`_U)! =V_!Ur]rXfr!UZV!gVV]!hVX!Zd!V_!URRc!_ZVe!`gVc! T`^^f_ZTVVce'!Zd!VV_!cR^a)!NV!^`VeV_!URRc!`gVc! UfcgV_!acReV_!^Ve!`_kV!Ur]rXfrd)!A\!gVcXV]Z[\! YVe!XcRRX!^Ve!UV!aVcdgcZ[YVZU)!HVcdgcZ[YVZU!Zd!YVV]! SV]R_XcZ[\'!^RRc!URRc`^!Zd!_`X!_ZVe!V]\V![`fc_R]Zde! `W!R]!hRe!YZ[!dTYcZ[We!VgV_!SV]R_XcZ[\)!<Re!XV]Ue!``\! g``c!`_d5!Ur]rXfrd!kZ[_!SV]R_XcZ[\'!^RRc!_ZVe!V]\V! Ur]rXfr!Zd!VV_!X`VUV!Ur]rXfr!`W!gVcgf]e!kZ[_!eRR\! _RRc!SVY`cV_)!NV!YVSSV_!SZ__V_!UV!D9;(FMC!YVV]! gVV]!cVdaVTe!g``c!`_kV!Ur]rXfrd)!KVcVTYe)!ERRc!hV! ^`VeV_!e`TY!``\!UV!UZdTfddZV!UfcgV_!RR_XRR_!`gVc! Y`V!VV_!^R_URRe!^`Ve!h`cUV_!Z_XVgf]U)! 39<=D-!/@I:HJ@DGDEF:?@=<NW 7B>=D-!ERRc!YVV]!SV]R_XcZ[\)!G`\!`a!R_UVcV!g]R\( \V_!^`VeV_!hV!YVe!UVSRe!ec`fhV_d!gR\Vc!UfcgV_! RR_XRR_)!G`\!VV_!S]RU!R]d!CRUVc!k`f!^VVc!de`W!e`e! UVSRe!^`VeV_!XVgV_)!HRd!U``c!eV!UVSReeVcV_!`W! ^V_Z_XV_!eV!]ReV_!S`edV_!\R_![V!ZVed!SZ[]VcV_!`W! R_UVcV!Z_kZTYeV_!gVchVcgV_)!NV!YRUUV_!Z_!CRUVc! RR_gR_\V]Z[\!VV_!cfScZV\!hRRcZ_!hV!g``c(!V_! eVXV_deR_UVcd!`gVc!SVaRR]UV!dj_UZTR]V!\hVdeZVd! RR_!YVe!h``cU!]ZVeV_)!<ZV!Zd!fZeVZ_UV]Z[\!RWXVg`VcU! `^URe!Vc!eV!gVV]!\cZeZV\!\hR^!`a!YVe!WVZe!URe!hV! `_kV!VZXV_!`_kV\VcYVZU!VeR]VVcUV_!V_!k`!UV!hVc\( XVgVcd!^f_ZeZV!RR_cVZ\eV_)!ERRc!g``c!VV_!VVc]Z[\V! UZdTfddZV!Y`VgV_!hV!e`TY!_ZVe!SR_X!eV!kZ[_7!

D\TYNT[P] 39<=D-!9DEI:Q@:?<I:N@:=<IB) 7B>=D-!NV!^`VeV_!d`^d!`a!YVe!Z[d!UfcgV_!XRR_! $)!

4/0"683!3.127!$&*

deRR_)!A\!YVcZ__Vc!^V!URe!hV!eV_!eZ[UV!gR_!UV!WfdZV! gR_!CcVUZVeSR_\!V_!;VcR!VV_!R\\``cU!d]`eV_!hRRc( SZ[!R]]V!\R_e``c^VUVhVc\Vcd!k`fUV_!`gVcdTYR\V]V_! _RRc!VV_!/!(!/'0!URXV_!hVV\)!<V!V_V!hVV\!k`fUV_! kV!/!URXV_!hVc\V_'!UV!R_UVcV!hVV\!/!URXV_!a]fd! UV!kReVcURXg``c^ZUURX)!AVUVcVV_!YRU!Ufd!VV_!gcZ[V! hVV\URX'!^RRc!ZVUVcVV_!^`Vde!``\!`^!UV!ehVV! hV\V_!VV_!kReVcURXg``c^ZUURX!hVc\V_'!eVchZ[]! URe!g``cUZV_!_ZVe!k`!hRd)!<ZV!gVcR_UVcZ_X!de``eeV! `a!W`cdV!\cZeZV\'!kV\Vc!SZ[!gc`fhV_!UZV!kZTY!k`cXV_! ^RR\eV_!`gVc!UV!\Z_UVc`agR_X)!ERRc!ehVV![RRc! ]ReVc!S]V\V_!UZV!gc`fhV_!fZeVZ_UV]Z[\!SVde!eVgcV( UV_!^Ve!UV!cVXV]Z_X)!PV!YRUUV_!`_eUV\e!URe!k`$_! gcZ[V!URX!Z_!UV!hVV\!e`TY!hV]!g``cUV]V_!YRU)!=_! `a!kReVcURXg``c^ZUURX!hRcV_!UV!\Z_UVcV_!V_!YVe! hZ_\V]V_!g``c!^R_]ZVW)! <RRcgR_!YVS!Z\!g``cR]!`_eY`fUV_!URe!hV!_ZVe!SR_X! ^`VeV_!kZ[_!`^!UV!\]RddZV\V!aRUV_!eV!gVc]ReV_)!NV! ^`VeV_!``\!`aV_deRR_!g``c!hRe!hV!_ZVe!XVhV_U! kZ[_)!FZ\d!Zd!k`!^R\\V]Z[\!R]d!UV!Xc`eV!acZ_TZaVd! eV!gVcUVUZXV_)!?c`eV!acZ_TZaVd!VeR]VcV_!gRR\!VV_! XVScV\!RR_!X`VUV!RcXf^V_eV_)! 39<=D-!0J@:TD@:E@:?@:NJ@FJHMN:PJJL:3,-$472) 7B>=D-!A\!SV_!Y``ag`])!A\!kZV!VV_!YV]V!a]`VX! [`_XV!^V_dV_'!UZV!gRde!gR_!a]R_!kZ[_!Vc!ZVed!gR_!eV! ^R\V_)!=_!Z\!SV_!VcgR_!`gVcefZXU!URe!kV!URRc!``\! Z_!XRR_!d]RXV_)!PV!kf]]V_!VV_!ScfX!^`VeV_!d]RXV_! _RRc!UV!U`V]Xc`VaV_!UZV!hV!_f!_ZVe!SVcVZ\V_)!FRRc! \RUVc]VUV_'!U``c!Yf_!eYV^R$d!`a!UV!RXV_UR!eV!kVe( eV_)!ERRc!``\!_RRc![`_XVcV_)!NR_e!``\!URRc!gZ_( UV_!hV!XVV_!RR_d]fZeZ_X)!B`_XVcV_!kZ[_!_ZVe!SVkZX! ^Ve!eYV^R$d!R]d!aV_dZ`V_!`W!Xc`VadgVckV\VcZ_X)!<ZV! gZ_UV_!kZTY!_ZVe!eVcfX!Z_!`_kV!deR_Uaf_eV_!`gVc! ]VVWeZ[UdSRcV^R$d)! <V!Uj_R^ZV\!`^!URRc!ZVed!RR_!eV!U`V_!^ZddV_!hV! eV!gRR\)!?V]f\\ZX!Xc`VZe!Z_eVc_!YVe!SVdVW!URe!hV! ZVed!^`VeV_!U`V_!`^!UZV!`_eScV\V_UV!U`V]Xc`VaV_! eV!SVecV\\V_)!ERRc!URRc^VV!Zd!UV!\`fd!_ZVe!RW)!@Ve! Zd!_ZVe!`^URe![V!VV_!a]R_!YVSe'!URe![V!Vc!SV_e)!NV! ^`VeV_!YVe!_`X!T`_TcVVe!^R\V_)!NV!kZ[_!d`^d!R]! S]Z[!R]d!hV!ZVUVcVV_!`gVcefZXU!YVSSV_!gR_!UV!_``U( kRR\!`^!eV!gVcR_UVcV_'!^RRc!hV!d]RXV_!Vc!_ZVe!Z_! `^!URe!T`_TcVVe!eV!gVceR]V_)!<Re!Zd!UV!fZeURXZ_X5! eVcfX!Z^aRTe!\cZ[XV_)!=V_!X`VU!gVcYRR]!YVSSV_!Zd! _ZVe!XV_`VX)!


7@8A-4@D;84B

# 03 4@;43 4= 1843 4= < 44@E 00@3 4 8= A> 2 800;> D4@;46 L' = 64E > = 4 AB4;;8= 64= 18944= > = 64E > > = > = 3 4@E 4@? M /> 1;8: B > CB4@A4< A - D> > @H8BB4@ $C2 84= -> AB4@C6 > ? 74B?0= 4;64A?@4: > D4@ : 03 4@;43 4= 4= AG= 3 82 0;8A< 4 3 0B8= > CB4@A4< 3 > > @68= 6 4B?0= 4;64A?@4: E 0A44= ?@8< 4C@ D> > @ -;00= 3 4@4= 0= 74B?0= 4;64A?@4: E 4@3 3 44;64= > < 4= 3 > > @ D0: 1> = 3 A0564D00@3 863 4= C8BD4@A2 78;;4= 3 4 A42 B> @4= 4= "0= 4 (04?4 A42 @4B0@8AD> > @ 3 4 : 03 4@E 4@: 8= 6 D0= 3 4 143 84= 3 4D0: 1> = 3 $ & -# % 4B"> 70= @B> 8A4= (84@@4 & 4;A4= : E 0< 4= 44= : 03 4@ 4= 44= 0@1483 4@A0564D00@3 863 4 C8B3 4 8= 3 CAB@84 00= 1> 3 !A014;;4 -4= H> @63 4 D> > @ ?4@A?42

B84D4= C8B3 4 58= 0= 2 8Q ;4 A42 B> @ A_!kZ[_!Z_]VZUZ_X!dTYVedeV!BR_!<V!HRVaV!YVe!^VVc( g`fUZXV!daR__Z_XdgV]U!hRRcZ_!\RUVc]VUV_!kZeeV_)! =_VckZ[Ud!kZeeV_!kV!UZTYe!SZ[!YVe!^R_RXV^V_e!V_! YVVWe!Yf_![`S!g``c!YV_!gVV]!SVeV\V_Zd)!8_UVckZ[Ud! YVSSV_!``\!\RUVc]VUV_!VV_!Xc`VZV_UV!SVY`VWeV! RR_!VgV_hZTYe!efddV_!hVc\!V_!acZgr(]VgV_)!MR_fZe! Yf_!a`dZeZV!YVSSV_!kV!d`^d!``\!kVVc!daVTZmV\V! _`UV_'!k`R]d!cVTYedkV\VcYVZU!SZ[!UZdTfddZVd!`gVc! RR_dacR\V]Z[\YVZU)!KV_d]`eeV!Zd!Yf_!RcSVZUdcVTY( eV]Z[\V!a`dZeZV!hVZ_ZX!SVdTYVc^U)!CRUVc]VUV_!kZ[_! gRR\!fZeXVd]`eV_!gR_!TR`$d)!=_!VZXV_]Z[\!SVdeRRe!Vc! kV]Wd!XVV_!R]XV^V_V!UVm_ZeZV!gR_!hRe!VV_!\RUVc]ZU! Zd)!BR_!<V!HRVaV!SV\]V^e``_UV!deVc\!UV!_``UkRR\! URe!\RUVc]VUV_!kZTY!Z_dTYR\V]V_!Z_!VV_!ScVUVcV! gR\S`_UdhVc\Z_X!^Ve!RcSVZUVcd!V_!SVUZV_UV_)!<ZV! SZVUV_!YV_!Z^^Vc!SV]R_XcZ[\V!`_UVcdeVf_Z_Xd( decfTefcV_)! > @?> @0B4 6> D4@= 0= 2 4 <V!m_R_TZs]V!TcZdZd!YVVWe!UV!eVc^!>JLKJL<N@:BJP@L$ I<I>@!%UVfXUV]Z[\!SVdeffc&!Z_!UV!\Z[\Vc!XVkVe)!<V! `_UVc_V^Z_XdcRRU!Zd!g``c!gR\S`_UV_!Ur!YVWS``^!

`^!VV_!c`]!eV!daV]V_!Z_!>JLKJL<N@:BJP@LI<I>@'!deV]( UV!AdRSV]]V!MV_)!MZR!URe!\R_RR]!\f__V_!hVc\_V( ^VcdRWXVgRRcUZXUV_!kZTY!Z^^Vcd!Z_W`c^VcV_!`gVc! YVe!`_UVc_V^Z_XdSV]VZU!V_!Vc!\cZeZdTYV!gcRXV_! SZ[!deV]]V_)!<V!c`]!gR_!hVc\_V^VcdRWXVgRRcUZXUV_! h`cUe!`_UVc!^VVc!Vc\V_U!Z_!UV!cVTV_eV!=fc`aVdV! cZTYe]Z[_!`gVc!YVe!]``_SV]VZU!Z_!UV!m_R_TZs]V! dVTe`c)!<VkV!cZTYe]Z[_!deV]e!URe!YVe!]``_SV]VZU!XVV_! `gVcUcVgV_!cZdZT`$d!^RX!RR_^`VUZXV_!V_!SV\]V^( e``_e!UV!_``UkRR\!`^!g`]U`V_UV!UcRRX\cRTYe!eV! gVc\cZ[XV_!g``c!VV_!UVcXV]Z[\!]``_SV]VZU)!A_!URe! gVcSR_U!gVchZ[de!UV!cZTYe]Z[_!`_UVc!^VVc!_RRc! hVc\_V^VcdgVceVXV_h``cUZXVcd) l<V!\R_d!URe!YVe!e`VkZTYe!`a!YVe!`_ehVca!V_!UV! fZeg`VcZ_X!gR_!YVe!]``_SV]VZU!U`V]ecVWWV_U!Zd'! h`cUe!Xc`eVc!hR__VVc!UV!SV]R_XYVSSV_UV_!Z_! UV!m_R_TZs]V!`_UVc_V^Z_X'!URRc`_UVc!``\!UV! hVc\_V^VcdgVceVXV_h``cUZXVcd'!X`VU!XVu_W`c^VVcU! kZ[_!`gVc!V_!SVec`\\V_!kZ[_!SZ[!YVe!ac`TVd!gR_!UV! `adeV]]Z_X!gR_!V_!UV!T`_ec`]V!`a!YVe!SV]`_Z_XdSV( ]VZUp


# 03 4@AG= 3 82 0;8A< 4 A0< 4= < 4B0@1483 4@A4= MPOTPYOPY HZVccV!FV]dV_!kRX!R]d!RcSVZUVcdRWXVgRRcUZXUV!YVe! gR\S`_UdV_XRXV^V_e!gR_!kZ[_!T`]]VXR$d!\RUVc]VUV_! hV]!kZeeV_)!LZeVZ_UV]Z[\!kZ[_!``\!kZ[!hVc\_V^Vcd)! @Ve!Zd!VgV_hV]!SV]R_XcZ[\!URe!\RUVc]VUV_!kZTY!RR_( d]fZeV_!SZ[!YVe!XVkR^V_]Z[\V!gR\S`_UdV_XRXV^V_e! gR_!RcSVZUVcd'!SVUZV_UV_!V_!\RUVc]VUV_)! l@Ve!h`cde[V!gR_!UV!Y`e!U`X'p!k`!SVdTYcVVW!AdRSV]]V! MV_!YVe!daR__Z_XdgV]U!hRRcZ_!\RUVc]VUV_!^Ve!VV_! gR\S`_UdV_XRXV^V_e!kZeeV_)!?V\]V^U!efddV_!ehVV! Sc``U[Vd)!NR_e!_RRde![V!c`]!R]d!hVc\_V^VcdRWXVgRRc( UZXUV!kZe! [V! ``\! VcX! UZTYe! SZ[! YVe! ^R_RXV^V_e!V_! UcRRX![V!``\!gVcR_eh``cUV]Z[\YVZU!Z_!UZV!a`dZeZV)! <V!a`dZeZV!gR_!\RUVc]VUV_!Z_!YVe!d`TZRR]!`gVc]VX! ]ZXe!gRR\!^`VZ]Z[\)!P`!kZ[_!kV!SZ[g``cSVV]U!_`X! deVVUd!fZeXVd]`eV_!gR_!gV]V!TR`$d)!=V_!T`_TcVVe! XVg`]X!YZVcgR_!Zd!URe!UV!dVTe`cWVUVcReZV!8X`( cZR!UV!SZ[\`^V_UV!gVcX`VUZ_X!gZR!VT`TYVbfVd! %-++4*-+,+&!_ZVe!g``ckZVe!g``c!\RUVc]VUV_)!G^URe! Vc!XVV_!decfTefcV]V!Z_SVUUZ_X!Zd!gR_!\RUVc]VUV_!Z_! YVe!d`TZRR]!`gVc]VX'!^`VeV_!\RUVcRWXVgRRcUZXUV_! `a!`_UVc_V^Z_Xdg]R\!d`^d!XVScfZ\!^R\V_!gR_! Yf_!aVcd``_]Z[\V!cV]ReZVd!^Ve!^R_RXVcd) l@Ve!h`cde[V!gR_!UV!Y`e!U`X'p!k`!SVdTYcVVW!AdRSV]]V! MV_!YVe!daR__Z_XdgV]U!hRRcZ_!\RUVc]VUV_!^Ve!VV_!

MZ_U![V!YVe!S`VZV_U!`^!gR_!XVURTYeV_!eV!hZddV]V_!`gVc!UV!a`dZeZV! gR_!\RUVc]VUV_!Z_!YVe!gR\S`_UdhVc\7!@VS![V!ZUVVs_!`gVc!UV!c`]!UZV! \RUVc]VUV_!\f__V_!daV]V_!SZ[!gVcR_eh``cU!`_UVc_V^V_7!8RckV]!UR_! _ZVe!`^!kV]W!VV_!XVdacV\dRg`_U!`gVc!UVkV!\RUVceYV^R$d!eV!`cXR_ZdV( cV_)!@Ve!FMC!\`^e!XcRRX!]R_Xd!`^!^VV!eV!UVSReeVcV_" ;`_eRTeVVc!`_d!gZR!IPF*<>P$>M>%=@)

$+!

4/0"683!3.127!$&*

gR\S`_UdV_XRXV^V_e!kZeeV_)!?V\]V^U!efddV_!ehVV! Sc``U[Vd)!NR_e!_RRde![V!c`]!R]d!hVc\_V^VcdRWXVgRRc UZXUV!kZe![V!``\!VcX!UZTYe!SZ[!YVe!^R_RXV^V_e!V_! UcRRX![V!``\!gVcR_eh``cUV]Z[\YVZU!Z_!UZV!a`dZeZV)! . 8= E 8= A8BC0B84 A_!UV!ZUVR]V!hVcV]U!\f__V_!X`VUV!cV]ReZVd!efddV_! hVc\XVgVcd!V_!hVc\_V^Vcd!Z_eVcVddR_e!kZ[_!g``c! SVZUV!kZ[UV_'!SVe``XUV!HZVccV!FV]dV_)!ERRc!URe!SV( ]Ve!_Reffc]Z[\!_ZVe!URe!Vc!VV_!kV\Vc!daR__Z_XdgV]U! Zd5!UV!RR_UVV]Y`fUVcd!\Z[\V_!gR_fZe!Yf_!aVcdaVT( eZVW!_RRc!UV!hZ_deTZ[WVcd6!hVc\_V^VcdRWXVgRRcUZX( UV_!^`VeV_!UVkV!VT`_`^ZdTYV!hVe^ReZXYVUV_! \f__V_!`^kVeeV_!Z_!VV_!d`TZR]V!T`_eVie)! K`TY!Zd!VV_!hZ_(hZ_dZefReZV!^Zed!g`]U`V_UV! hVUVckZ[Ud!gVcec`fhV_!^`XV]Z[\!g`]XV_d!B`YR_! 8ce`Zd)!?V]f\\ZX!^RRc!URe!Vc!Z_!YVe!d`TZRR]! `gVc]VX!XVV_!fZeXVdac`\V_!hZ__RRc!Zd'!hR_e!UR_! k`f!Vc!RR_!UV!R_UVcV!\R_e!``\!VV_!gVc]ZVkVc! kZ[_)!=_!URRc!YVVWe!_ZV^R_U!SRRe!SZ[)!A_!d`^^ZXV! U`^VZ_V_!\f__V_!hVc\XVgVcd!ec`fhV_d!``\!]VcV_! fZe!UV!\V__Zd!V_!UV!VcgRcZ_X!gR_!hVc\_V^Vcd( RWXVgRRcUZXUV_)!lK`V_!Z\!_`X!XVV_!hVc\_V^Vcd( RWXVgRRcUZXUV!hRd'!gVcSRRdUV!^V!YVe!deVVUd!URe! hVc\XVgVcd!k`!kV]UV_!XVScfZ\!^RR\eV_!gR_!UV! \V__Zd!UZV!]R_Xd!hVc\_V^VcdkZ[UV!SVde`_U!`gVc!UV! hVeXVgZ_X!c`_U!RcSVZUdcV]ReZVd)p! AdRSV]]V!MV_!gVcXV]VV\!UV!ZUVR]V!gR\S`_UddecReVXZV! ^Ve!UV!gc`VXVcV!F8MG(decReVXZV!gR_!U@RD=G@:L@M$ KJIM@5![V!^`Ve!_ZVe!`_^ZUUV]]Z[\!VV_!Re``^``c]`X! deRceV_'!^RRc![V!^`Ve![V!hV]!YVe!cVTYe!V_!UV! ^`XV]Z[\YVZU!g``cSVY`fUV_!`^!`a!ZVUVc!^`^V_e! eV!\f__V_!VdTR]VcV_!_RRc!YVe!_ZgVRf!URe![V!XVaRde! ]Z[\e)!8_UVckZ[Ud!Zd!UV!UcVZXZ_X!gR_!^RTYe!d`^d!VW( WVTeZVgVc!UR_!UV!WVZeV]Z[\V!fZe`VWV_Z_X!gR_!^RTYe)! J`^d!\R_!YVe!_`UZX!kZ[_!eV!VdTR]VcV_'!^RRc![V! ^`Ve!URe!_ZVe!eV!aRd!V_!eV!`_aRd!U`V_q


4 ?4= A8> 4= 4= 143 @4863 # 03 4@;43 4= E 8;;4= E 4BB4;89: ?4= A8> 4= > ?E 00@3 4@4= )> 64@ -0= 3 4= ?CB 4 ?4= A8> 4= 4= AB00= B4@ 3 8A2 CAA84 4 D> > @1894 < 00= 3 4= 4= 90@4= E 4@3 4= 0;74@700;3 4;89: 10;;> =

= 4B94 > ?64;0B4= > D4@ 3 4 @82 7B8= 6 3 84 74BC8B< > 4B 4 70@3 AB4 @> 4?4@A?;48B4= 3 0= D> > @0;D> > @ ;0= 64@ E 4@: 4= ;064@4 ?4= A8> 4= 4= > 5 44= 6@> B4@4 @> ;D> > @ 3 4 00= DC;;4= 3 4 ?4= A8> 4= 4= ;AD0: 1> = 3 H89= E 4 B> 2 7 E 4;44= 0= 3 4@4 < 4= 8= 6 B> 4643 00= 4BD4@700;D0= 3 4 > = 14B00;100@7483 7445B8= BCAA4= 42 7B4@ H> O= < GB78A2 74 ?@> ?> @B84A00= 64= > < 4= 3 0B4@ = 0CE 4;89: A= > 6 @C8< B4 8AD> > @ 44= 3 410B> D4@ 7> 4 E 4 > = AA> ;83 08@ < > 3 4;: C= = 4= > D4@48= 3 7> C3 4= > 5D4@AB4@: 4= <V!cVXVcZ_X!hZ]!UVkV!UZdTfddZV!_f!eV_!Xc`_UV!g`VcV_! eZ[UV_d!VV_!aV_dZ`V_T`_WVcV_eZV)!JR^V_!^Ve!UV! d`TZR]V!aRce_Vcd!hZ]!kV!k`V\V_!_RRc!^R_ZVcV_!`^!UV! d`TZR]V!kV\VcYVZU!QkV\Vc$!V_!Qd`TZRR]$!eV!^R\V_)!G`\! SZ__V_!D9;(FMC!h`cUV_!UV!RR_\`^V_UV!SVdacV\Z_( XV_!k`cXgf]UZX!g``cSVcVZU)!<V!Z_kVe!Zd!Y``X)!G_kV! R^SZeZVd!VgV_kVVc)! FZVe!Z_!YVe!^Z_de!g``c!\RUVc]VUV_!Zd!YVe!aV_dZ( `V_UVSRe!gR_!Xc``e!SV]R_X)!<V!YfZUZXV!hVeeV]Z[\V! aV_dZ`V_cVXV]Z_X!%UV!k`XV_RR^UV!VVcdeV!aVZ]Vc&! YVVWe!g``c!\RUVc]VUV_!Z^^Vcd!RR_!RR_eR]!gVcgV]V_UV! SZ[hVc\Z_XV_'!UZV!g``c!UV!^VVdeV!`_UVc!YV_!h`cUe! `aXVgR_XV_!U``c!VV_!RR_gf]]V_U!aV_dZ`V_!%ehVVUV! aVZ]Vc&)!@Ve!RWS`fhV_!gR_!UVkV!ehVVUV!aVZ]Vc!k`f! SV]R_XcZ[\V!XVg`]XV_!\f__V_!YVSSV_!g``c!YVe!Z_\`( ^V_!gR_!\RUVc]VUV_!`a!aV_dZ`V_)! GgVc!YVe!hVeeV]Z[\!aV_dZ`V_!gR_!hVc\_V^Vcd!Z_! UV!acZgrdVTe`c!SVdeRR_!_`XR]!hRe!^ZdgReeZ_XV_)! <RRc`^!VVcde!VgV_!VV_!\`ceV!e`V]ZTYeZ_X!`gVc!UV! aV_dZ`V_SVcV\V_Z_X)!NV!gVchZ[kV_!URRcSZ[!``\!_RRc! UV!cVXV]Z_X!UZV!gR_!e`VaRddZ_X!Zd!`a!R^SeV_RcV_)! @f_!aV_dZ`V_cVXV]Z_X!gVcdTYZ]e!Z^^Vcd!Xc`_UZX!gR_! YVe!deV]dV]!gR_!hVc\_V^Vcd!Z_!UV!acZgrdVTe`c)

(4@A> > = ;89: 4 1893 @064 <Re! SVXZ_e! SZ[g``cSVV]U! R]! ^Ve! UV! aVcd``_]Z[\V! SZ[( UcRXV!UZV!hVc\_V^Vcd!SVeR]V_)!A_!UV!acZgrdVTe`c!Zd!UZe!

2'0!#!gR_!YVe!Scfe`]``_!%hVc\XVgVcd!SVeR]V_!3'31#&)! 8^SeV_RcV_! SVeR]V_! XVV_! aVcd``_]Z[\V! SZ[UcRXV) A_!UV!acZgrdVTe`c!SVeR]V_!hVc\_V^Vcd!Yf_!aVcd``_( ]Z[\V!SZ[UcRXV!`a!SRdZd!gR_!Yf_!g`]]VUZX!]``_)!<V! fZeVZ_UV]Z[\V!aV_dZ`V_V_!h`cUV_!VTYeVc!SVcV\V_U! `a!VV_!XVa]RW`__VVcU!SVUcRX!%^`^V_eVV]!/3)340! Vfc`&)!MVcUZV_![V!^VVc'!UR_!h`cUe!URRc!SZ[!UV!SVcV( \V_Z_X!gR_!YVe!aV_dZ`V_SVUcRX!XVV_!cV\V_Z_X!^VV! XVY`fUV_)!M``c!R^SeV_RcV_!XV]Ue!UZe!_ZVe)!@f_! aV_dZ`V_!h`cUe!`a!VV_!_ZVe!XVa]RW`__VVcU!SVUcRX! SVcV\V_U)

4@4: 4= 8= 6 900@ ?4@ 900@ @Ve!hVeeV]Z[\!aV_dZ`V_!h`cUe!_ZVe!SVcV\V_U!`a!YVe! ]RRedeV![RRc]``_!^RRc!g``c!V]\![RRc!gR_!UV!]``aSRR_! RaRce)!@Ve!h`cUe!Ufd!``\!SVcV\V_U!`a!YVe!]``_!URe! VV_!\RUVc]ZU!`a!-0![RcZXV!]VVWeZ[U!gVcUZV_UV)!NV! dacV\V_!UR_!`gVc!VV_!]``_!gR_!/+![RRc!XV]VUV_!g``c! ZV^R_U!UZV!_f!10!Zd)! A_!,42+!SVUc`VX!YVe!SRcV^R]``_!gR_!VV_!\RUVc]ZU! Z_!aR\hVX!UV!gVckV\VcZ_XddVTe`c!,.)3.1!WcR_\!aVc! ^RR_U)!<Re!SVeV\V_e!`a![RRcSRdZd!V_!`^XVkVe!_RRc! UV!YfZUZXV!^f_eVV_YVZU!/)24+!Vfc`)!M``c!URe![RRc! YVVWe!`_d!aV_dZ`V_XVcVTYeZXU!\RUVc]ZU!Ufd!cVTYe!`a! VV_!aV_dZ`V_!gR_!3+!Vfc`!Scfe`!aVc![RRc!%,*/0!gR_! 20#!gR_!/)24+!Vfc`&)!<Re!Zd!UR_!_`X!YVe!SVUcRX! g``c!VV_!XVkZ_daV_dZ`V_)!8]d!R]]VV_deRR_UV!`W!^Ve! VV_!aRce_Vc!^Ve!VV_!Z_\`^V_'!h`cUe!URe!aV_dZ`V_!

$,


_ZVe!RR_!20#!^RRc!RR_!1+#!SVcV\V_U)!<R_!dacV\V_! hV!_`X!`gVc!1/!Vfc`!aVc![RRc!`W!_Ve!XVV_!0'0!Vfc`! aVc!^RR_U!g``c!UV!acVdeReZVd!Z_!,42+) M``c!R^SeV_RcV_!h`cUe!YVe!aV_dZ`V_!SVcV\V_U!`a!YVe! XV^ZUUV]UV!]``_!gR_!UV!]RRedeV!0![RRc)!@Ve!Y`VWe!XVV_! SVe``X!URe!UZe!VV_!hVkV_]Z[\!gVcdTYZ]!fZe^RR\e)!

JPW`LL\^]`L]^ <Ze!k`f!\f__V_!`aXV]`de!h`cUV_!U``c!YVe! hV]gRRcedgRde!^R\V_!gR_!UV!]`_V_!hRRc`a!UV! SVcV\V_Z_XV_!^`VeV_!XVSVfcV_)!=ZXV_]Z[\!deRRe!UZe! acZ_TZaV!gR_!YVchRRcUVcZ_X!_ZVe!eVc!UZdTfddZV)!9Z[! UV!SVcV\V_Z_X!gR_!YVe!aV_dZ`V_!h`cUV_!`^!UZV! cVUV_!UV!]`_V_!fZe!YVe!gVc]VUV_!Z_UVcURRU!^Ve!VV_! YVchRRcUVcZ_XdT`sWmTZV_e!gVc^V_ZXgf]UZXU)! @Ve!]``_!gR_!,42+!h`cUe!^Ve!/'-0!gVc^V_ZXgf]UZXU)! @Ve!YfZUZXV!SRcV^ZV\V![RRc]``_!gR_!YVe![`_X!SVXZ_( _V_U!\RUVc]ZU!Z_!UV!gVckV\VcZ_XV_!fZe!`_d!g``cSVV]U! gR_!YZVcS`gV_!SVUcRRXe!VTYeVc!.,)140!Vfc`)!<V! cVs]V!deZ[XZ_X!gR_!UV!]`_V_!Zd!Ufd!gVV]!Y`XVc!UR_! UV!T`sWmTZs_e)!A_!UZe!T`_TcVeV!XVgR]!k`f!YVe!]``_! gR_!UVdeZ[Ud!^`VeV_!h`cUV_!gVc^V_ZXgf]UZXU!^Ve! 1'1#!)!A_!cVR]ZeVZe!kZ[_!UV!]`_V_!kV]Wd!_`X!deVc\Vc! XVdeVXV_!`^URe!Vc!S`gV_`a!UV!dVTe`cR]V!^Z_Z^f^( ]`_V_!_`X!YVV]!hRe!R_UVcV!]``_dgVcY`XZ_XV_!kZ[_! e`VXV\V_U) G`\!YVe!fZeVZ_UV]Z[\!e`VXV\V_UV!aV_dZ`V_SVUcRX! k`f!g`]XV_d!`_d!hV]gRRcedgRde!^`VeV_!h`cUV_!XV( ^RR\e)!FZVe!R]]VV_!^`Ve!YVe!^VV!Vg`]fVcV_!^Ve!UV! Z_UVi'!YVe!^`Ve!``\!^VV!Vg`]fVcV_!^Ve!UV!deZ[XZ_X! gR_!UV!]`_V_)

4 BE 443 4 ?48;4@ ?V]f\\ZX!Zd!Vc!``\!X`VU!_ZVfhd)!<Ze!WR]V_!gR_!`_d! hVeeV]Z[\!aV_dZ`V_!%VVcdeV!aVZ]Vc&!YVVWe!_RRde!YVe! hVeeV]Z[\!aV_dZ`V_!VV_!ehVVUV!aVZ]Vc!U`V_!`_e( deRR_)!<V!^VVdeV!\RUVc]VUV_'!YVV]!hRe!SVUZV_UV_! V_!dZ_Ud!VV_!RR_eR]![RcV_!``\!RcSVZUVcd!YVSSV_!VV_! RR_gf]]V_U!aV_dZ`V_!URe!`a!VV_!T`]]VTeZVgV!^R_ZVc! Zd!XVcVXV]U)!<Ze!XVSVfce!gZR!VV_!Xc`VadgVckV\VcZ_X! `W!gZR!VV_!aV_dZ`V_W`_Ud)!<ZV!RR_gf]]V_UV!aV_( dZ`V_V_!gVcdTYZ]]V_!`_UVc]Z_X!YVV]!deVc\'!k`hV]!`a! YVe!g]R\!gR_!hRe!gVckV\VcU!Zd!%SZ[!]VgV_!`W!``\!SZ[! `gVc]Z[UV_&'!R]d!hRe!SVecVWe!UV!Y``XeV!gR_!UV!fZe( \VcZ_XV_!`W!hZV!UZV!SZ[UcRXV_!SVeRR]e!o!hVc\XVgVc! `W!hVc\_V^Vc)!J`^^ZXV!hVc\_V^Vcd!YVSSV_!VV_! X`VUV!cVXV]Z_X'!d`^^ZXV_!VV_!^Z_UVc!X`VUV)!=_! g``c!_`X!R_UVcV_!Zd!Vc!YV]V^RR]!XVV_!cVXV]Z_X) !

4 3 4@3 4 ?48;4@ J`^^ZXV!hVc\_V^Vcd!YVSSV_!URRc`^'!_RRde!Yf_! hVeeV]Z[\!aV_dZ`V_!r_!UV!RR_gf]]Z_X!UZV!kV!\cZ[XV_! %#!

4/0"683!3.127!$&*

gZR!Yf_!`_UVc_V^Z_XdaV_dZ`V_'!_`X!VV_!VZXV_! aV_dZ`V_cVXV]Z_X!`aXVS`fhU)!<ZV!_`V^V_!hV!UV! UVcUV!aVZ]Vc)!<ZV!Z^a]ZTVVce!URe!UV!hVc\_V^Vcd!kV]W! `a!Z_UZgZUfV]V!SRdZd!VV_!aV_dZ`V_!SZ[VV_!daRRce!gZR! kZ[_!SR_\!`W!gVckV\VcRRc)!<VkV!UVcUV!aVZ]Vc!YR_Xe! fZeVcRRcU!Z_!cfZ^V!^ReV!RW!gR_!UV!daRRc^`XV]Z[\( YVUV_!gR_!UV!SVec`\\V_!hVc\_V^Vc!V_!kZ[_!XVkZ_) @Ve!Z_eVcVddR_eV!RR_!k`hV]!UZV!ehVVUV!R]d!UVcUV! aVZ]Vc!Zd!YVe!mdTRR]!Xf_deZX!cVXZ^V)!<V!cVXV]Z_X!Zd!Z_! UV!=fc`aVdV!L_ZV!SVY``c]Z[\!f_ZV\)

4B& -# AB0= 3 ?C= B @Ve!FMC!deV]e!URe!Z_!UV!VVcdeV!a]RRed!YVe!hVeeV]Z[\! aV_dZ`V_!hV]gRRcedgRde!^`Ve!XV^RR\e!h`cUV_)!<Ze! SVeV\V_e!URe!YVe!aV_dZ`V_!^`Ve!SVcV\V_U!h`cUV_! `a!hV]gRRcedgRdeV!]`_V_'!^RRc!``\!URe!UV!SVcV( \V_UV!aV_dZ`V_V_!hV]gRRcedgRde!^`VeV_!kZ[_) @Ve!_ZVe!SVcV\V_V_!gR_!YVe!hVeeV]Z[\!aV_dZ`V_! `a!UV!hVc\V]Z[\!gVcUZV_UV!]`_V_!S]Z[We!VV_!U``c_! Z_!YVe!``X!gR_!UV!\RUVc]VUV_)!@Ve!FMC!deV]e!g``c! URe!YVe!XVUVV]eV!gR_!YVe!]``_!gR_!\RUVc]VUV_! `a!YVe!VZ_UV!gR_!Yf_!TRccZtcV!S`gV_!YVe!a]RW`_U! fZedeVV\e'!\R_!h`cUV_!`gVcXVYVgV]U!_RRc!UV! aVcZ`UV!e`V_!YVe!SVec`\\V_!\RUVc]ZU!`_UVc!UZV! XcV_d!gVcUZV_UV)!9`gV_UZV_!a]VZeV_!hV!Vcg``c!`^! UV!defUZV[RcV_!_R!UV!]VVWeZ[U!gR_!ehZ_eZX![RRc!`a! UVkV]WUV!^R_ZVc!eV!]ReV_!cVXf]RcZdVcV_) KV_!d]`eeV!^`Ve!YVe!UfZUV]Z[\!kZ[_!URe!UV!ehVVUV! aVZ]Vc!g``c!\RUVc]VUV_!`_RR_eRdeSRRc!S]Z[We! k`]R_X!Vc!XVV_!`a]`ddZ_X!Zd!g``c!UV!hVeeV]Z[\V! aV_dZ`V_V_!Z_!UV!VVcdeV!aVZ]Vc) <ZV!ehVVUV!aVZ]Vc!YVVWe!_RRde!YVe!mdTR]V!Xf_( deZXV!cVXZ^V!_`X!VV_!R_UVcV!VZXV_dTYRa)!@`VhV]! UVkV!ehVVUV!aVZ]Vc!SVU`V]U!Zd!`^!VV_!SVY``c]Z[\! aV_dZ`V_!`a!eV!S`fhV_'!hRe!VV_!^RR_UV]Z[\dV! cV_eV!gVc`_UVcdeV]e'!\R_!UV!9V]XZdTYV!hVc\_V^Vc! UVkV!cV_eV!SZ[!kZ[_!aV_dZ`_VcZ_X!``\!Z_!\RaZeRR]! `^kVeeV_)!P`hRe!R]]V!hVc\_V^Vcd'!`a!VV_!aRRc! fZek`_UVcZ_XV_!_R'!`aeVcV_!g``c!UVkV!^`XV]Z[\( YVZU) =c!deV]e!kZTY!_Reffc]Z[\!VV_!ac`S]VV^!hR__VVc!UZe! \RaZeRR]!g``c!R_UVcV!U`V]VZ_UV_!h`cUe!XVScfZ\e! UR_!hRRc!YVe!g``c!Zd!SVURTYe)!<Ze!\R_!UR_!]VZUV_! e`e!UV!aZ[_]Z[\V!dZefReZV!URe!`a!]ReVcV!]VVWeZ[U!SV( hfdeV!hVc\_V^Vc!e`TY!_`X!Z_!UV!ac`S]V^V_!\`^e)! @Ve!FMC!hZ]!URe!UVkV!^`XV]Z[\YVZU!SVY`fUV_! S]Z[We'!^RRc!\R_!hV]!SVXcZa!`aScV_XV_!g``c!VV_! cVXV]Z_X!hRRcSZ[!VV_!SVaVc\e!XVUVV]eV!Z_!cV_eV! h`cUe!`^XVkVe)


= = 4< 84 042 : 4 L' > : 3 4 9> 1AD0= : 03 4@;43 4= H89= 8= 64D00@ M "0= 42 4C= G= 2 : 4= A> 2 80;4 @45;4F : @446 H4 D0= 7C8H4 C8B < 44 % > 43 4@ AB0@BB4 8= 3 4 90@4= O 3 4 D0: 1> = 3 AE 4@: 8= 6 > ? 189*83 < 0@ 4= D03 4@ E 0A02 B845 ?> ;8B82 CA +> 2 7 H4BB4 = = 4< 84 042 : 4 ?0A3 4 AB0? = 00@ AG= 3 82 00;4= 60

64< 4= B = 0 44= B@0C< 0B8A2 74 4@D0@8= 6 48= 3 90@4= O E 0AH4 K B893 4= A700@ HE 0=

64@A2 70? K > ? 700@ E 4@: 189 -- A;02 7B> 5

54@ D0= 44= > D4@D0; 4 @402 B84 D0= 3 4 3 8@42 B84 E 0A = 84B 42 7B < 44D> 4;4= 3 L!: E 4@3 = 00@ 7C8A641@02 7B 3 > > @ 3 4 2 70C5

54C@ D0= 3 4 3 8@42 B4C@ 4= : @446 44= 1> A 1;> 4< 4= % 00@ 3 00@ 1;445 74B 189 44= B4;45> > = B94 644= 64A?@4: > D4@ 7> 4 74B < 4B< 89> 5< 89= HE 0= 64@A2 70? 68= 6 B> 4= 8: 44= E 44: ;0B4@ B4@C6 00= 3 4 A;06 68= 6 M 0B : 0= DPP; 14B4@ @43 4= 44@3 4 3 4 00=

64A;064= = = 4< 84 = H4 AB4;3 4 H82 7 D4@

: 84A100@ 189 3 4 44@AB D> ;64= 3 4 AG= 3 82 0;4 D4@: 84H8= 64= 4= H4BB4 A43 4@B3 84= 700@ A2 7> C3 4@A> = 3 4@ 3 4 D0: 1> = 3 AE 4@: 8= 6 A_efddV_!kZ[_!hV!k`hRe!-+![RRc!gVcUVc!%l<Re!^`Ve! k`ZVed!kZ[_'!hR_e!^Z[_!U`TYeVc!Zd!Z_^ZUUV]d!--p&! V_!YVVWe!kV!SZ[!<MM!R]]V!dj_UZTR]V!hReVce[Vd!U``c( kh`^^V_)!9VX`__V_!Z_!UV!!gR\S`_UdRWgRRcUZXZ_X'! ]ReVc!YVe!;`^Zer!g``c!9VdTYVc^Z_X!V_!HcVgV_eZV! `a!YVe!NVc\!V_!UV!G_UVc_V^Z_XdcRRU)!=_!dZ_Ud! V_\V]V![RcV_!UV!=fc`aVdV!G_UVc_V^Z_XdcRRU)!lK`V_! YVe!eZ[U!hVcU!`^!YVe!T`^Zer!eV!gVc]ReV_!YVS!Z\! URe!cfZ^!`a!g``cYR_U!]ReV_!hVeV_!V_!!\`_!Vc!g``c! `ag`]XZ_X!XVk`cXU!h`cUV_)!A\!YVS!^Z[_!^R_URRe! RWXVhVc\e)!<RRc!SV_!Z\!SVde!hV]!ec`ed!`a)!FVe! k`R]d!YVe!``\!R]eZ[U!UVfXU!UVVU!`^!YVcgVc\`kV_! eV!h`cUV_)!Ga!UZV!^`^V_eV_!g`V]![V!e`TY!URe![V! Z_daR__Z_XV_!XVhRRcUVVcU!h`cUV_)p!

# 03 4@;43 4= 4= D0: 1> = 3 AE 4@: l@Ve!Zd!gVcdTYcZ\\V]Z[\!^`VZ]Z[\!`^!\RUVc]VUV_! eV!SVecV\\V_!SZ[!YVe!gR\S`_UdhVc\)!Ga!cVTVaeZVd! `W!RR_!YVe!\`WmV^RTYZ_V!gZ_UV_!kV!^V!hV]!`^! Z_W`c^VV]!VV_!gcRRX!eV!deV]]V_)!ERRc!kZTY!`aV_]Z[\! e`e!UV!gR\S`_U!hV_UV_7!<Re!Zd!gRR\!^`VZ]Z[\)!=_! UR_!\cZ[X![V!a]`ed!VV_!T`^a]Vi!U`ddZVc'!URe!d_V]!V_! UZdTcVVe!^`Ve!`aXV]`de!h`cUV_p!]VXe!8__V^ZV!fZe)! %$


9Z[!UV!]RXVcV!\RUVcWf_TeZVd!gR]e!YVe!_`X!^VV)!<RRc! Zd!UV!deRa!_RRc!UV!gR\S`_U!_ZVe!k`!Xc``e)!ERRc! Y`XVcV!\RUVc]VUV_!h`cUV_!gRR\!]ZVWde!k`!hVZ_ZX! ^`XV]Z[\!XVRdd`TZVVcU!^Ve!UV!gR\S`_U)!8R_!UV! R_UVcV!\R_e!Zd!YVe!``\!^`VZ]Z[\!`^!UV!SVUZV_UV_! hRc^!eV!\cZ[XV_!g``c!UV!ac`S]V^V_!gR_!UV!\RUVc( ]VUV_)!9VUZV_UV_!S]Z[gV_!`_d!_`X!eV!gRR\!SV\Z[\V_! R]d!!X`VUSVeRR]UV'!gcZ[XVg`TYeV_!T`]]VXR$d!UZV!R]eZ[U! hV]!UV!hVX!gZ_UV_!`^!eV!SV\`^V_!hRe!kV!hZ]]V_)! <Re!hV!$d!Rg`_Ud!`^!V]W!ffc!eYfZd!\`^V_'!kZV_!kV! _ZVe)p lJeV^^V_!U`V_!UV!\RUVc]VUV_!hV])!9Z[!UV!d`TZR]V! gVc\ZVkZ_XV_!^Vc\V_!hV!URe!kV!hV]!Yf_!g``c\Vfc! fZedacV\V_!g``c!UVkV!`W!XV_V!\R_UZURRe)!PV]Wd!R]! hRd!Vc!e`e!_`X!e`V!^RRc!rr_!]Z[de'!UR_!_`X!hZ]]V_! kV!hV]!Yf_!g``c\Vfc!RR_XVgV_!SZ__V_!UZV!]Z[de)! ERRc!gVcUVc!XRRe!Yf_!V_XRXV^V_e!_ZVe)!PV!kZ[_! SR_X!URe!YVe!Yf_!TRccZtcV!SVUcVZXe)!KV_!`_cVTYeV"! A\!YVS!kV]W!R]]VdkZ_d!_``Ze!XVg`V]U!URe!^Z[_!gR\( S`_UdhVc\!^Z[_!TRccZtcV!YVVWe!XVW_fZ\e)!A\!^Vc\! SZ[!UV!UZcVTeZV!``\!RaacVTZReZV!g``c!hRe!Z\!U`V)p

EP][PN^ A_!VV_!XcZ[d!gVc]VUV_!Zd!8__V^ZV!_`X!ac`WVddZ`_VV]! ^Ve!dTYR\V_!SVkZX!XVhVVde)!=_!Vc!kZ[_!UfZUV]Z[\! aRcR]]V]]V_)!lG_UVcYR_UV]V_!Zd!R]eZ[U!decReVXZdTY! UV_\V_5!hRe!k`f!UV!eVXV_aRceZ[!U`V_!R]d!Z\!UZe!`W! URe!kVX7!=V_!UZcVTeZV]ZU!YVVWe!^V!``Ze!XVkVXU!URe! YVe!R]eZ[U!]VV\!R]d`W!Z\!VV_!aRRc!deRaaV_!g``cfZe! UV_\)!<Re!Zd!acVeeZX!`^!eV!Y`cV_'!^RRc!YVe!XVefZXe! ``\!gR_!cVdaVTe)!=_!URRc!\`^e!gR\S`_UdhVc\!gRR\! `a!RR_5!cVdaVTe!RWUhZ_XV_)!8R_!SVZUV!\R_eV_)! P`hV]!SZ[!UV!T`]]VXR$d!`a!UV!hVc\g]`Vc!R]d!SZ[!UV! UZcVTeZV)!A\!YVS!hV]!YVe!XVg`V]!URe!Z\!URRcZ_!d]RRX)! PV]Wd!R]!XRRe!YVe!Vc!eZ[UV_d!UZdTfddZVd!d`^d!YVgZX! RR_!e`V'!e`TY!g`V]!Z\!cVdaVTe!V_!^Vc\!Z\!Z_!^Z[_! ac`WVddZ`_V]V!T`_eRTeV_!^Ve!UV!UZcVTeZV!XVV_!cR_( Tf_V)!A\!YVS!ac`WVddZ`_VV]!ec`fhV_d!R]eZ[U!\R_dV_! XV\cVXV_)!<V!UZcVTeZV!SVXcZ[ae!URe!Z\!^Z[_!c`]!R]d! Ur]rXfr!^`Ve!daV]V_)!A_!T`_eRTeV_!^Ve!UV!UZcVTeZV! ^V]U!Z\!hV]\V!aVe!Z\!`a!YVS)!A\!Y`f!UV!kR\V_!UfZ( UV]Z[\!XVdTYVZUV_)p

/4;5AB0= 3 864 : 0= B> @4= 8__V^ZV!YVVWe!<MM!eZ[UV_d!YRRc!]``aSRR_!RRcUZX! kZV_!gVcR_UVcV_)!A_!,44.!hRd!Vc!UV!hZddV]!RR_!UV! e`a!e`V_!R]XV^VV_!UZcVTeVfc!CR^ZV]!<V!NZeeV!%^Ve! aV_dZ`V_&!hVcU!gVcgR_XV_!U``c!UV!YfZUZXV!e`a^R_! ?fZU`!I`V]R_Ue)!A_!-++,!hVcU!<MM!%R]d!UVV]!gR_! 8ceVdZR&!Z_XV]Z[WU!U``c!<ViZR!`^!Z_!-++0!dR^V_! eV!d^V]eV_!^Ve!<ViZR!A_dfcR_TV!e`e!<A9)!=V_! SV]R_XcZ[\V!gVcR_UVcZ_X!hRd!R]]VdkZ_d!``\!UV!gVc( kV]WdeR_UZXZ_X!gR_!YVe!\R_e`cV__Ve)!l<V!RXV_eV_! V_!Yf_!^VUVhVc\Vcd!deRR_!_ZVe!`a!UV!aRjc`]]!gR_! <A9'!V_!Yf_!SV]R_XV_!h`cUV_!_ZVe!U``c!YVe!dj_( %%!

4/0"683!3.127!$&*

UZ\RRe!SVYRceZXU'p!]VXe!kV!fZe)!<ZV!gVcY`fUZ_X!]ZXe! hV]!VV_d!^`VZ]Z[\)!lNV!kVXXV_!hV]!VV_d!XcRaaV_U! URe!VZXV_]Z[\!_ZVe!<A9'!^RRc!hV]!UV!kV]WdeR_UZXV! RXV_eV_!`_kV!Xc``edeV!hVc\XVgVc!kZ[_)!PZ[!ScV_XV_! SV]R_XcZ[\V!g`]f^Vd!hVc\!SZ__V_!V_!gVchRTYeV_! URe!UV!SZ__V_UZV_deV_!URe!`a!VV_!T`ccVTeV!^R_ZVc! gVchVc\V_)! JZ_Ud!VZ_U![RcV_!$3+!YVSSV_!UV!kV]WdeR_UZXV! RXV_eV_!VV_!VZXV_!dj_UZTR]V!hVc\Z_X)!=V_!SVVe[V! gcVV^U!g``c!kV]WdeR_UZXV_'!^RRc!hV]!VWmTZs_e! hR_e!kV!kZ[_!U``c!UV!UZcVTeZV!R]d!XVdacV\daRce_Vc! Vc\V_U)!=_!g``c!`_d!d`^d!VV_!SV]R_XcZ[\V!^VUV( deR_UVc)!A_!-++/!kZ[_!hV!dR^V_!Z_!deR\Z_X!XVXRR_'! e`V_!<ViZR!`_d!YVe!S]`VU!`_UVc!UV!_RXV]d!gR_URR_! YRR]UV!U``c!deVVUd!gVcUVc!eV!hZ]]V_!XRR_!Z_!UV! SVdaRcZ_XV_!`a!^VUVhVc\Vcd)!<Re!hRd!VV_!YVV]! UfZUV]Z[\!dZX_RR]!RR_!UV!<ViZR(UZcVTeZV!UZV!e`V_! a]`ed!RR_URTYeZXVc!_RRc!`_d!]fZdeVcUV'p!YVcZ__Vce! kV!kZTY)!lFZVe!URe!hV!R]eZ[U!UVkV]WUV!SV]R_XV_!YVS( SV_!_Reffc]Z[\)!G`\!eZ[UV_d!UV!deR\Z_X!gR_!-++/! YRUUV_!hV!_ZVe!ZUV_eZV\!UVkV]WUV!VZdV_)!ERRc!hV! ec`\\V_!hV]!dR^V_!RR_!UV!SV])!NV!Y`fUV_!_`X! deVVUd!T`_eRTe!^Ve!V]\RRc!V_!S]Z[gV_!`a!UV!Y``XeV! gR_!V]\RRcd!RXV_UR)!NV!U`V_!_ZVed!eVXV_!V]\RRc!Z_)! =_!R]d!YVe!_`UZX!Zd!gZ_UV_!hV!V]\RRc!YVV]!d_V])p

APP\aLL\OP @`VhV]!kV!^`VZ]Z[\!RR_!eV!a`ccV_!kZ[_'!\f__V_! \RUVc]VUV_!g`]XV_d!8__V^ZV!hV]!UVXV]Z[\!VV_! ^VVchRRcUV!SVeV\V_V_!g``c!YVe!gR\S`_UdhVc\)! lPV\Vc!Z_!UV!=fc`aVdV!G_UVc_V^Z_XdcRRU!^`VeV_! VV_!RR_eR]!\RUVc]VUV_!kVeV]V_)!BV!YVSe!URRc!e`TY! hV]!VV_!RR_eR]!gRRcUZXYVUV_!V_!\V__Zd!_`UZX!UZV! \RUVc]VUV_!gRR\!^VVc!YVSSV_!UR_!SVUZV_UV_)!BV! kZe!URRc!eVXV_`gVc!UV!=fc`aVdV!e`aUZcVTeZV'!UZV! XVhV_U!Zd!eV!UZdTfddZscV_!`a!YVe!dTYVca!gR_!UV! d_VV)!8]d!\RUVc]ZU!SV_![V!URRc!^VVdeR]!SVeVc!eVXV_! XVhRaV_U)p FZVe!R]]VV_!\f__V_!\RUVc]VUV_!VV_!^VVchRRcUV! kZ[_!g``c!YVe!gR\S`_UdhVc\'!^RRc!``\!`^XV\VVcU)! <V!gR\S`_U!YVVWe!``\!\RUVc]VUV_!gVV]!eV!SZVUV_)! l=V_!eYV^R!R]d!X]`SR]ZdVcZ_X!^RX!U``c!\RUVc]VUV_! _ZVe!`_UVcdTYRe!h`cUV_)!A\!kZV!`fed`fcTZ_X!gR_!! ScRZ_d!R]d!ac`S]VV^!g``c!UV!e`V\`^de)!<``c!UV! Z_W`c^ReZVd_V]hVX!Zd!\V__Zd!eVXV_h``cUZX!gVV]! ^R\\V]Z[\Vc!eV!Via`ceVcV_)!A\!^Vc\!URe!UV!`_e( hZ\\V]Z_X!gR_!_ZVfhV!ac`UfTeV_!gR_!<A9!deVVUd! ^VVc!h`cUe!fZeSVdeVVU!_RRc!]R_UV_!R]d!A_UZR)!<V! ac`UfTeZV!V_!UV!RWhVc\Z_X!gR_!VV_!gVc\`TYe!gVckV( \VcZ_Xdac`UfTe!XVSVfce!YZVc!eVc!a]V\\V'!^RRc!YVe! TcVscV_!gR_!UV!ac`XcR^^Reffc!h`cUe!fZeSVdeVVU!Z_! X`VU\`aVcV!]R_UV_)!CRUVc]VUV_!kZ[_!Ufd!gVccV!gR_! gVZ]ZX!Z_!UV!X]`SR]ZdVcZ_X)!NZV!UV_\e!URe!kZ[_![`S! _ZVe!\R_!h`cUV_!fZeSVdeVVU'!gVcXZde!kZTY)!G`\!UV! [`Sd!gR_!\RUVc]VUV_!kZ[_!Z_!XVgRRc"p


3 @4AA4= & -#

$ & -# = BE 4@?4= CRcZ_!JTYRVc]RV\V_d FReZ`_R]VdecRRe!,,,(,,. -+++!8_ehVcaV_ eV])!+.*---)2+),0!(!WRi!+.*--+)33)+-

$ & -# % 42 74;4= ERXR]Z!MVcYRVXV_ G_UVc!UV_!K`cV_!0 -3++!EVTYV]V_ eV])!+,0*-3)30)1/!(!WRi!+.*--+)33),/

$ & -# @CAA4; 0;;4 -8;D> > @3 4 8__ZV!CVc\Y`gV H]VeZ_T\idecRRe!,4 ,+++!9cfddV] eV])!+-*002)31)03!(!WRi!+.*--+)33)+0

$ & -# ' > AB4= 3 4 =cZ\!9fj]RVce CR_)!<c)!D)!;`]V_ddecRRe!2 3/++!G`deV_UV eV])!+04*00)-0)/4!(!WRi!+.*--+)33),0

$ & -# @C664 =cZ\!J`^Vcd GfUV!9fcX!,2 3+++!9cfXXV eV])!+0+*//)/,)1/!(!WRi!+.*--+)33)+/

$ & -# ' C3 4= 00@3 4 0;AB ERc_Zi!JR_UcRa 9fcXdTYV]UV!0 42++!GfUV_RRcUV eV])!+0.*2.)/0)-1!(!WRi!+.*--+)33)+.

$ & -# 4= 3 4@< > = 3 4 *8= B & 8: ;00A HRecZT\!NRf^R_ @)!@Vj^R_a]VZ_!2 4,++!JZ_e(FZ\]RRd eV])!+.*21+),.)//!(!WRi!+.*--+)33),4

$ & -# )> 4A4;0@4 HZVe!>`f]`_ @)!@`ccZVdecRRe!., 33++!I`VdV]RcV eV])!+0,*-1)00)/0!(!WRi!+.*--+)33),2

$ & -# 4= B 4: ;> /4;H0B4 JhRe!;]VcZ_i H`V]!2 4+++!?V_e eV])!+4*-10)/.),0!(!WRi!+.*--+)33)+3

$ & -# +C@= 7> CB DV`!DRfhVcjdV_ C`ceV!9VXZ[_V_decRRe!-+ -.++!Kfc_Y`fe eV])!+,/*//)1,)1,!(!WRi!+.*--+)33)-+

$ & -# 0AA4;B EXc)!9c`V\ia]VZ_!1 .0++!@RddV]e eV])!+,,*-4)+4)3.!(!WRi!+.*--+)33)+4 $ & -# !4?4@ CRcV]!@``cV]SV\V Je)!BRT`SddecRRe!./ 34++!AVaVc eV])!+04*./)-1)/,!(!WRi!+.*--+)33),+ $ & -# # > @B@89: ?Z_`!<fa`_e HcVdZUV_e!CV__VUjaRc\!,1< 30++!C`cecZ[\ eV])!+01*-.)00)1.!(!WRi!+.*--+)33),$ & -# $4CD4= B`Y_!<V!<VT\Vc D)!MR_UVc\V]V_decRRe!..+++!DVfgV_ eV])!+,1*-,)4/)..!(!WRi!+.*--+)33),.

& 0B8> = 00;A42 @4B0@800B & 0B8> = 00; *42 @4B0@8A& -# I`XVc!MR_UV_afe JfUVc^R_decRRe!0 -+++!8_ehVcaV_ eV])!+.*--+)32)-2!(!WRi!+.*--+)34)3. BI?&FPN\P^L\T] BR_!<V!HRVaV JfUVc^R_decRRe!0 -+++!8_ehVcaV_ eV])!+.*--+)32),4!(!WRi!+.*--+)34)3. 064;89: A 4ABCC@ & -# ERc_Zi!8VcddV_d'!g``ckZeeVc AdRSV]]V!MV_'!`_UVcg``ckZeeVc <Zc\!<VT`T\'!SfcVRf]ZU >cR_\!JaZVddV_d'!RR_gf]]V_U!dVTcVeRcZd DfT!9`d^R_d'!hVc\Xc`VahVc\Z_X KYZVccj!NRcXrV'!`ag`]XZ_X!9Vdeffc]Z[\V!IRRU NZ]WcZVU!=j_ReeV_'!dVTcVeRcZd %&


;PVLOP\O @= > = @C= 14@6

KZ[UdTYcZWe e`VXV]ReV_!XVd]`eV_! gVcaR\\Z_X 8_ehVcaV_!O

D9;(FMC JfUVc^R_decRRe!0 -+++!8_ehVcaV_

9V]XZs!(!9V]XZbfV H9!(!HH 8_ehVcaV_!O


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.