Lucidity Issue 5

Page 1

**, 7

% % + )+ ), )0 4242

+ & @) * +&

!& ". 1. %.55

. % '. % ' "!. &." (%% ! ."!. " . #(& &3. ! .' . % '. && "!." .64471. . "' " .&'( !'&. ) .* ."('." .' . ." . ! & . ! . ( ! ' &. ! . !'". ./ ! 1 !" " ,1. ! ! % ! 1. ' &0. "(%& &1. &# ,. ! ! % ! . ! . " #(' %.& ! 3. #%" . (& ." .' &. .& '. %" .&'( , ! . &# % .'".&'( , ! . " ! . &. " &3. & &'( !'&.& . . % .* ' . % '. % %.#%"&# '&1.' ,. ""& . . "%&1.* .& '". .' . "&'.&'% ' "%* % .# ' .'". # ", !'3

&.' .!( %." .&'( !'&. "% ! . ( ! ' &.& ( #1.&" . ! !'. "!" &'&. % &( &' ! .' . #"%' ! ." .&'( , ! . ( ! ' &. "! & . "% .' ! . &3. . " % - .* !! %. " %'. %."# !&. &.! *. "" . ,.% ! & ! . & (! % % ( ' . +# % ! 9. "*. . "(! .* '. . %! . !. &'"%,. &&. "('.' . % ' #% && "!.* &. %. "% .(& ( . !.(! %&' ! ! .' .# % " ." . ! ! .'(% " .' ! !,' ! . . %! . !. &. "!" &. &&"!&3. . & . ." . %;&. "" . &.' '.&'"% & '' %3. .&'"% &.'" . ,.# "# .'". ."' %. &.'".#%" "(! . # ' "!&."!. % '&1 ' . "!" ,1. ! .' .* " .*"% 3. (&1. " # %' !' & ' "!." . &. % .!"'. ! ! .* .& "( . .'". !' % ' . ( ! ' &. ! .& ! &. ! . " (! ' . &. !. & , (! %&' ! . ! . && .* ,&3

( ',. &.'". " ! . % !'. . &.* ' . .'"# &. ! . " (! ' . & ' %"( .' . ( ." . . - ! 3. . "# . ( ',. !. . . "" .&'"%,' %1. ) % ! !&# % ' "! .&'"% &. "('.' . .*"% .' '.#%") &. !& '&. !'".' . ('(% .*"% .'"

.&'( !'&3

+ & @) * +&

!. (! ,(!. ""!1. %55

.,"(. "" .< ' . &1=.' . "&'.% ) !'.54.& % .% &( '&. % .* & ' &." ."% ! - ' "!& ' '. &# ,. .& " !.% & ! .< ' . &. (!3=. ('. !.(! "%'(! ' .% ',. &.' '.' .& " ! " . . %"(#. # &.' %.* ! &&3. .& " !.< ' . &. (!=.# %& &'&. (& ." ."! .& # % &"!8.' . "% ',." .' .#"#( ' "!. ) .' '. ' . &. ( 3. " ',. "!' !( &.'" &' ' - . ! . % ' % & . . &.!"' ! . "% .' !. . "! % ' "!." . % "!3

& &1. !.' . "!&' !'. %% ! ." . &1. &1. ! . &1.* ".*"( . ) .' .'".% + ! .% . !. + (&' ! . %' . "('.&'% ! .' "%,:. .! ' ) .# % #' "!&. % ' . , "(%.") % ' . ( ' "! .&,&' 22' '. "% &. " # ' ' "!22 % .'"". . "%.(&.'" (! "! ' "! ,.* '.(!' .&'( !'&. !.'". !. !' % &'. !. 3. (&1. . ) . ( ',;& ( ' ' . && "!. &.'".#%") .' '. . &.!"'. ( '3

&# ,. !.' . "!' +'." . "(' . "% 1.* % . . ! . ( ! ' &. % .& # % ' . & . ! . 1. '. &. ) % "% . #"%' !'.'". % .' . %% %. '* !.'*". % &.' ' & . !' #" 3. . " "!.# % #' "!&.'% '.'*". &.' . !' ' & &." . ."' %1.' '*". % . "& ,. !' %'* ! 3. %'. !&' !1. % &. %* !1. %'% ! . (&& 1. % . "## %1 ! . & %' &1. (! . % ( 9.' & . % . . *.! &."('." . . "! . &'." .& !' &'&.' ' ) .#"! % . "('. & # ! &.* . (%% !' ,. && ,. &.<' . ( ! ' &3=. !. .*"% .' ' ! % & ! ,.% $( % &. !' % & # ! %,. #' '( &1. ( ',;&.%" .* . .'".&'"% . !'".' < % ,. % =. '* !. . ! . ( ! ' &. ! .% ! %. '. && 3

(% ! . ,.' . &. '"%2 !2 1. . .'". .& ! . ! . ' . ) % "% . ##%" 1 ! .&( && ( ,.#%") .' . !'% ' .% ' "!& #. '* !.' . ( ! ' &. ! . 3

CbObNbTbRbIbBbUbTbObRbS EDITORS -IN- CHIEF

WRITERS

Minseo Cha

AliceöJeon

Sean Yoonö

HaileyöKim HwayoungöShinö HyenaöYeom

DESIGNERS BomiöPark Hee Won Choi MinseoöCha Sean Yoon SeoyeounöMin

HyunseoöNoh JihoöHa JoonaöKim JoonhwanöBaeööö JungmeenöLee JuyeonöMa LouisöCho PatricköLee RayneöLee RemyöLee SarahöPark SeojinöRyuö öö SophieöShin TaeheeöKim

0

6 & , , # " * 0 ; " 8 ( 0 # 0 ' " ' ( " - ( , , ! " " ! 0 " * -

+ ; , - -

' * 6 ; #

- '

& 0

6 ' - / ! + 6 .* & 9 9 - 0 +

" * 1 - " ) # ,

1 ; รถ 0 ) ) # + 7 - ) 23 ' - # 4* ( 0 %

'

# ! 0 ( ; '), 0 & $ , ; " # ) ; + : ' + 4 * 8

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô " %$/ $ %%$Ô Ô Ô Ô $ %%$ÔÔ Ô ÔÔ $( % Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô $ %'# ) + ') "

:HIGDN>C< I=: 8:B:CI L6AAH I=: H:6 :6IH I=: A6C9 6I =DB: I=>H A>C: >H ;GDB I=: ED:B /=: .:6 6IH I=: '6C9 6I #DB: LG>II:C 7N I=: G:CDLC:9 ED:I &D;> LDDCDG AI=DJ<= I=>H ED:B L6H >C>I>6AAN LG>II:C ID ;><JG6I>K:AN :C86EHJA6I: I=: =DGGDGH D; 8DADC>6A>HB >C 6C :G6 D; G>H>C< 8A>B6I:H 6C9 H:6 A:K:AH I=: 8:CIG6A B:HH6<: ;::AH BDG: A>I:G6A I=6C ;><JG6I>K:

.JGEG>H>C<AN <A68>:GH I=6I ;6AA DJI ;GDB A6G<:G E>A:H D; >8: 9D CDI 6;;:8I D8:6C A:K:AH 6H I=: EG>C8>EA: D; 7JDN6C8N HI6I:H #DL:K:G I=: EGD7A:B 7:8DB:H >BB:CH: L=:C I=: KDAJB: D; I=: L6I:G :ME6C9H 9J: ID I=:GB6A :ME6CH>DC /=>H >C8G:6H: >C KDAJB: >H D;I:C HEJGG:9 9J: ID <AD76A L6GB>C< 86JH>C< H:6 A:K:AH ID G>H: DK:G I=: 6AI>IJ9:H D; 8DJCIG>:H /JK6AJ >H 6C >HA6C9 I=6I >H 6AG:69N 6I I=: G>H@ D; HJ7B:GH>DC 6C9 %6E6C >H 6AHD 6CDI=:G C6I>DC :HI>B6I:9 ID 7:8DB: :CI>G:AN HJC@ >C I=: H:6 7N I=: N:6G .DJI= &DG:6 6AHD L>IC:HH:9 I=: 9:K6HI6I>C< >BE68IH D; G>H>C< H:6 A:K:AH L=:C H:6L6I:G ;A:L >CID H:L6<:H 6I (D@ED 6 ADL 6AI>IJ9: G:<>DC $C ;68I CDC A6C9AD8@:9 8DJCIG>:H B><=I 7: CDL=:G: DC I=: B6E >C 6 =JC9G:9 N:6GH >; I=>H G6I: D; <AD76A L6GB>C< 8DCI>CJ:H

JI L=6I >H I=: 86JH: 7:=>C9 I=:H: <AD76A 86A6B>I>:H AI=DJ<= CJB:GDJH 86JH:H 688DJCI ;DG I=: B:AI>C< BDHI EGDB>C:CI 6BDC< I=:B 7:>C< <AD76A L6GB>C< C:L G:H:6G8= 9G6LH 6II:CI>DC ID 6C JC:ME:8I:9 86JH: L>A9;>G:H

/=>H H=>;I >C 6II:CI>DC L6H 86JH:9 7N /=: <G:6I B:AI>C< L=>8= G:;:GH ID I=: G:8:CI HE>@: >C I=: G6I: D; B:AI>C< D; <A68>:GH 2=>A: G:H:6G8=:GH >CK:HI><6I:9 I=: 86JH: 7:=>C9 I=>H 67CDGB6A>IN I=:N ;DJC9 6C JC:ME:8I:9 IJGC D; :K:CIH I=: HI6GI D; I=: <G:6I B:AI>C< 8D>C8>9:9 L>I= I=: :C9 D; 6 G:8:CI =J<: L>A9;>G: !GDB I=6I >C;DGB6I>DC I=: G:H:6G8=:GH 8DC8AJ9:9 I=6I L>A9;>G:H L:G: >C HDB: L6N BDG: DG A:HH G:A6I:9 ID I=>H E:8JA>6G>IN

/=:C =DL 9D:H I=>H 8=6C<: :M68IAN =6EE:C 2=:C L>A9;>G:H 7G:6@ DJI I=:N 9:8>B6I: IG::H 6C9 6C>B6AH

IJGC>C< I=:B >CID 6H= /=: A><=IL:><=I 6H= >H :6H>AN 7ADLC 6L6N 7N I=: L>C9 :HE:8>6AAN >C I=: 6GI>8 L>C9 L>I= ADL =JB>9>IN 6C9 E>:G8>C< HE::9H 2=:C I=:H: 6H= :K:CIJ6AAN A6C9 DC HJG;68:H D; >8: I=: 6H= 7:<>CH ID 67HDG7 HJCA><=I .>C8: <G:N 7A68@ DG HJ8= $C ;68I 8A>B6I: 8=6C<: >H 6AHD G:EDGI:9 ID EA6N 6 GDA: >C I=: EG:K6A:C8: D; L>A9;>G:H $C I=: 0. >C8G:6H:9 I:BE:G6IJG:H D;I:C 8DGG:A6I:9 L>I= >C8G:6H:9 L>A9;>G:H G:68=>C< A:K:AH I=6I 6G: 6 G:8DG9 =><= ,J>I: >CIJ>I>K:AN DC: 86C G:8D<C>O: I=: 8DGG:A6I>DC =><=:G I:BE:G6IJG:H :FJ6I: ID >C8G:6H:9 L>A9;>G:H AHD

>C8G:6H:9 I:BE:G6IJG:H 6G: CDI I=: HDA: 86JH: D; I=>H >C8G:6H: >C L>A9;>G:H A>B6I: 8=6C<: D;I:C :CI6>AH BDG: IGDE>86A HIDGBH 6C9 EG:8>E>I6I>DC L=>8= >H FJ>I: ;G:FJ:CIAN 688DBE6C>:9 7N A><=IC>C< '><=IC>C< >H DC: D; I=: BDHI EGDB>C:CI 86JH:H D; L>A9;>G: 6C9 I=JH 8A>B6I: 8=6C<: A:69H ID BDG: ;>G:H

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'ÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔ ( $ 'ÔÔÔ ' '!Ô Ô Ô Ô Ô $ %%$Ô Ô Ô Ô Ô Ô $ %%$Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔ Ô $ %'# ) + ') "

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

:;DG: :A67DG6I>C< DC I=: B:I=D9DAD<N D; =DL 8>I>O:CH <G6EEA: I=: 8DC8:GC D; L>I=HI6C9>C< :6GI=FJ6@:H L: =6K: ID @CDL =DL 6C :6GI=FJ6@: >H 86JH:9 6GI=FJ6@:H 6G: JHJ6AAN 86JH:9 L=:C GD8@H DC I=: 8GJHI HJ99:CAN 7G:6@H 6ADC< 6 ;6JAI /=>H HJ99:C G:A:6H: D; :C:G<N 9>H8=6G<:H H:>HB>8 L6K:H I=6I B6@: I=: <GDJC9 H=J99:G /=: ;6JAI EA6C: >H 9>K>9:9 >CID I=: H86GE 6C9 IG68: L=>8= >H L=:G: NDJ H:: I=: BDHI 96B6<:

ADC< I=: ;6JAI >H I=: :E>8:CIG: L=:G: H:>HB>8 L6K:H 6G: HIGDC<:HI 6C9 I=: L6K:H 9>HE:GH: DJI 86JH>C< BJ8= 96B6<:

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

6 B H@NH8G6E:G >C /6>L6C /=: 7J>A9>C< >H DCAN ;::I 6L6N ;GDB I=: ;6JAI A>C: B6@>C< >I EGDC: ID H:>HB>8 H=D8@H 6C9 IG:BDGH 6C9 I=>H 9:K>8: =6H 6AA:K>6I:9 I=: HL6N 7N

/=: BDG: EG:K6A:CI B:8=6C>HB E:DEA: JH: ID 9:6A L>I= :6GI=FJ6@:H >H L>I= H:>HB>8 >HDA6I>DC /=>H 8DCIG6EI>DC >H EA68:9 JC9:G<GDJC9 BDHIAN JC9:G DA9 =>HIDG>8 7J>A9>C<H D; L=>8= I=:>G HIGJ8IJG6A >CI:<G>IN BJHI CDI 7: 8=6C<:9 :C67A>C< I=: JH: D; I=: IJC:9 B6HH 96BE:GH !DG >CHI6C8: I=>H 9:H><C =6H 7::C G:IGD;>II:9 7N I=: .6C ;G6C8>H8D H 8>IN =6AA /=: H:>HB>8 >HDA6I>DC >H 6 I:8=C>FJ: JH:9 ID G:9J8: I=: :;;:8IH D; :6GI=FJ6@: <GDJC9 H=6@>C< DC HIGJ8IJG: 6H I=: 7J>A9>C< >H >HDA6I:9 67DK: I=: <GDJC9

2=:C 6 7J>A9>C< >H 7J>AI 6L6N ;GDB I=: <GDJC9 G:HI>C< DC ;A:M>7A: E69H @CDLC 6H 76H: >HDA6IDGH I=: 7J>A9>C< L>AA DCAN H=6@: 6 A>IIA: DG CDI 6I 6AA 9JG>C< 6C :6GI=FJ6@:

2>I= B:I=D9H H=DLC 67DK: G:H>9:CIH D; :6GI=FJ6@: EGDC: 6G:6H =6K: B6C6<:9 ID L>I=HI6C9 I=: G:E:6I:9 96B6<:H I=6I :6GI=FJ6@:H 86C 86JH: /=: ILD B:I=D9H 6G: CDI I=: DCAN 6EEGD68=:H ID I=>H >HHJ: I=:G: =6H 7::C DI=:G >9:6H HJ8= 6H 6C :6GI=FJ6@: >CK>H>7>A>IN H=>:A9 L=>8= 6II:BEIH ID B6@: I=: H=D8@ L6K:H BDK: 6GDJC9 I=: 7J>A9>C< DG EGD8:HH:H HJ8= 6H I=: K>7G6I>DC 67HDG7:G 7JI 7DI= B:I=D9H 6G: HI>AA JC9:G<D>C< >CHE:8I>DCH 7:;DG: 7:>C< >BEA:B:CI:9 >C G:6A A>;:

! "% ' ) %'

2* +(15 0 +$4 4$ -,+ (+ (10 %$2# 4(1' *,0.2(1,$0 ' ) ' )%' ( $ ' )' ! Ô Ô Ô Ô $ *$Ô Ô Ô Ô $( % Ô Ô Ô Ô

2>I= 6C 6CCDN>C< N:I 6EE6AA>C< 7JOO I=>H JCL:A8DB:9 >CIGJ9:G HIDGBH >CID DJG =DJH:H :K:GN HJBB:G /=>H >CK69:G >H G:HEDCH>7A: ;DG BDG: I=6C B>AA>DC 9:6I=H 6CCJ6AAN "J:HH L=D I=>H H:G>6A @>AA:G >H 4:H >I >H BDHFJ>ID:H AI=DJ<= H8>:CI>HIH =6K: HIG>K:9 ID :G69>86I: BDHFJ>IDH I=: EGD<G:HH L6H HADL >; CDI HI6<C6CI ;DG N:6GH #DL:K:G 6 C:L G:8:CI HIJ9N DC 6 768I:G>6 9DB>C6CI >C E:G8:CI D; I=: 6GI=GDED9 HE:8>:H H::BH ID EGDK>9: 6 EGDB>H>C< DJIADD@ >C I=>H ADC< ;DJ<=I L6G

#DL AJ9>8GDJH I=>H >9:6 D; JH>C< 768I:G>6 ID @>AA BDHFJ>ID:H B6N H::B B6CN 8DBE6C>:H 6C9 HI6GIJEH =6K: >C ;68I 7:<JC ID >CK:HI >C I=>H C:L I:8=CDAD<N (DHFJ>ID(6I: >H DC: D; I=:H: B6CN 8DBE6C>:H 6C9 >H 8JGG:CIAN EGD9J8>C< 768I:G>JB BD9>;>:9 2DA768=>6 BDHFJ>ID:H >C I=: 0 . $C 6 INE>86A (DHFJ>ID(6I: A67DG6IDGN B6A: BDHFJ>ID:H 6G: <GDLC 6C9 >C;:8I:9 7N 6 C:L HIG6>C D; 2DA768=>6 CDI ;DJC9 >C I=: L>A9 /=:H: B6A: BDHFJ>ID:H B6I: L>I= ;:B6A: BDHFJ>ID:H I=6I 9D CDI 86GGN I=: H6B: HIG6>C D; 2DA768=>6 A:69>C< ID 6 B6A;JC8I>DC D; I=: D;;HEG>C<UH E6G:CI6A 8=GDBDHDB:H J: ID 2DA768=>6UH 8=6G68I:G>HI>8H I=: D;;HEG>C<H 9D CDI =6I8= ;GDB I=: :<< JGG:CIAN (DHFJ>ID(6I: >H EGDK>9>C< H:GK>8: ID HI6I:H 68GDHH I=: 0 . 6C9 HE:8>;>86AAN I6G<:IH I=: H>6C I><:G BDHFJ>ID I=: BDHI EG:K6A:CI INE: D; BDHFJ>ID >C I=: 0 . AI=DJ<= I=: :;;:8IH 6G: CDI 8DCHE>8JDJH N:I B6CN H8>:CI>HIH =6K: =><= :ME:8I6I>DCH ;DG I=: :;;>8>:C8N 6C9 :8D ;G>:C9A>C:HH D; I=>H C:L I:8=CDAD<N

4:I I=>H I:8=CDAD<N >HCUI E:G;:8I !>GHI I=>H B:I=D9 L>AA CDI 7: E:GB6C:CIAN 6K6>A67A: 6H 6GL>CUH I=:DGN D; C6IJG6A H:A:8I>DC HJ<<:HIH *JI D; 7>AA>DCH D; BDHFJ>ID:H I=:G: LDJA9 HI>AA 7: HDB: L=>8= 6G: G:H>HI6CI ID I=>H B:8=6C>HB 6C9 68IJ6AAN HJ88::9 >C =6I8=>C< /=>H BDHFJ>ID LDJA9 =6K: 6 <:C: G:H>HI6CI ID I=: 768I:G>6 6H 6 G:HJAI DCAN I=:H: BDHFJ>ID:H LDJA9 7: A:;I >C I=: :C9 G:EGD9J8>C< 6C9 HEG:69>C< I=:>G G:H>HI6CI <:C: 6<6>C 6C9 9DB>C6I: I=: LDGA9

#DL:K:G I=: G:6A I=G:6I A>:H >C I=: 9L>C9A>C< EDEJA6I>DC D; BDHFJ>ID:H 2=:C BDHI BDHFJ>ID:H ;6>A ID G:EGD9J8: I=: CJB7:GH D; BDHFJ>ID:H L>AA 9:8G:6H: 2=>A: I=>H B6N 7: 7:C:;>8>6A ;DG =JB6CH I=: 9:8G:6H: D; EDEJA6I>DC >C BDHFJ>ID:H >H 9:IG>B:CI6A ID I=: :CK>GDCB:CI 6H BDHFJ>ID:H 6G: DC: D; I=: B6>C EDAA>C6IDGH >C I=: :CK>GDCB:CI 2=:C BDHFJ>ID:H 6G:CUI ;::9>C< DC 7ADD9 I=:N ;::9 DC C:8I6G ;GDB ;ADL:GH 6C9 I=>H B6@:H I=:B 6 EG>B: EDAA>C6IDG ID B6CN D; I=:H: EA6CIH I=:N ;::9 DC +A6CIH A>@: 7AJCI 7D< DG8=>9 6C9 :6GAN 8DG6AGDDI 6G: DC: D; I=: B6CN EA6CIH BDHFJ>ID:H EDAA>C6I: DCH:FJ:CIAN ;:L:G BDHFJ>ID:H G:HJAI >C 6 EDEJA6I>DC 9:8G:6H: D; EA6CIH BDHFJ>ID:H EDAA>C6I:H I=JH 86JH>C< G6IIA>C< 8=6C<:H I=GDJ<= I=: ;DD9 8=6>C

:86JH: D; I=:H: :M>HI>C< EGD7A:BH >C I=: B:8=6C>HBH D; (DHFJ>ID(6I: HDB: 86B: JE L>I= 6AI:GC6I>K:H G:A:6H>C< I=: DG><>C6A 2DA768=>6 86GGN>C< BDHFJ>ID:H >CID I=: L>A9 /=>H B:8=6C>HB 9D:HCUI 9:I:G I=: BDHFJ>ID EDEJA6I>DC 7JI >I JH:H I=: ;68I I=6I 2DA768=>6 9:I:GH DI=:G 6G7DK>GJH:H ;GDB >C;:8I>C< >IH =DHI 7N >C=>7>I>C< I=:>G K>G6A G:EA>86I>DC .8DII * ):>A L=D L6H I=: ;>GHI H8>:CI>HI ID EGDK: I=>H BDK:9 DC ID :HI67A>H=>C< I=: 2DGA9 (DHFJ>ID +GD<G6B 6 CDC EGD;>I DG<6C>O6I>DC I=6I L6H 7J>AI ;DG I=: HDA: EJGEDH: D; :A>B>C6I>C< BDHFJ>ID HEG:69 9>H:6H:H HJ8= 6H :C<J: DG 5>@6 /=: DG<6C>O6I>DCUH ;>GHI IG>6AH L:G: =:A9 >C ,J::CHA6C9

JHIG6A>6 6C9 >I EGDK:9 HJ88:HH;JA 2>I=>C L::@H D; G:A:6H: I=: AD86A BDHFJ>ID EDEJA6I>DC I=6I =69 2DA768=>6 HEG:69 BDG: I=6C 6C9 I=: A6I:HI :HI>B6I:H H=DL I=6I >I >H CDL 8ADH: ID AHD H><C>;>86CI 8=6C<:H L:G: D7H:GK:9 >C BJC>8>E6AH HJ8= 6H CD AD86A 9:C<J: IG6CHB>HH>DC 6;I:G ;DJG G6>CN H:6HDCH

4:I I=: BDHI 8GJ8>6A 7:C:;>I D; I=: DG<6C>O6I>DCUH B:I=D9 >H I=6I >I >H 8DHI :;;>8>:CI *C8: I=:H: BDHFJ>ID:H 6G: G:A:6H:9 I=:N B6I: C6IJG6AAN 6C9 EGD9J8: 2DA768=>6 D;;HEG>C< ;><JG: H 6 G:HJAI I=:G: >H CD C::9 D; 8DCI>CJDJH G:A:6H: D; BDHFJ>ID:H A>@: (DHFJ>ID(6I: 6H I=>H B:I=D9 >H H:A; HJHI6>CC< /D 699 ID I=>H I=>H B:I=D9 9D:HCUI 9:8G:6H: I=: BDHFJ>ID EDEJA6I>DC HD I=: EA6CIH L>AA 8DCI>CJ: ID 7: EDAA>C6I:9

#JB6CH =6K: =69 6 ADC< A6HI>C< ;:J9 L>I= BDHFJ>ID:H I=: BDHI 9:69AN 6C>B6A ID =JB6CH I=6I @>AA:9 B>AA>DC E:DEA: :K:GN N:6G !>C6AAN =JB6C>IN H::BH ID =6K: 6C JEE:G =6C9 2DA768=>6 B6N 7: JH:9 >C B6CN L6NH 7JI DC: I=>C< HJG: >H I=6I >I L>AA 6AL6NH 7: 6C :;;:8I>K: 6>9 ID =JB6C>IN >C 8DCIGDAA>C< I=: 6G7DK>GJH:H HEG:69 7N BDHFJ>ID:H

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'ÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔ ( $ 'ÔÔÔ

%* ( %ÔÔÔÔÔÔÔÔÔÔÔ Ô Ô Ô $ %%$ÔÔ Ô Ô Ô Ô $( % Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô $ %'# ) + ') "

/=: =>HIDGN D; I=: 6GI= >H HJGEG>H>C<AN ADC< 67DJI 6 ;:L 7>AA>DC N:6GH AI=DJ<= I=:G: 6G: CJB:GDJH :MEA6C6I>DCH ;DG I=>H ADC< =>HIDGN H8>:C8: =6H <>K:C 7>GI= ID 6C :A67DG6I: 6C9 8DBEG:=:CH>K: I=:DGN

7>AA>DC N:6GH 6<D HJGEG>H>C<AN I=: EA6C:I 6GI= L6H 6 7AD7 D; <6H 6C9 9JHI G6I=:G I=6C I=: 8G69A: D; A>;: L: @CDL ID96N /=:C <G6K>IN EJAA:9 7><<:G E6GI>8A:H HJ8= 6H 6HI:GD>9H 6C9 8DB:IH ID<:I=:G 6AADL>C< I:GG:HIG>6A 7D9>:H ID ;DGB

/=: #69:DC DC /=:C ID 7>AA>DC N:6GH 6<D 86AA:9 I=: #69:6C :DC L6H 6C :G6 D; 8DCI>CJDJH 8DAA>H>DCH 6C9 JE=:6K6AH /=:C 7>AA>DC N:6GH 6<D 6 EA6C:I 86AA:9 /=:>6 8G6H=:9 ID 6GI= I=:C E6GIH D; I=: 6GI= 7:86B: I=: BDDC /=: #69:6C :DC L6H :MIG:B:AN =DI :K:C G6C<>C< ID :A8>JH 6I >IH :MIG:B:

G8=6:6 /=: G8=:6C :DC G6C<:H ;GDB ID 7>AA>DC N:6GH 6<D $C I=>H :G6 I=: ;>GHI 8DCI>C:CI L6H ;DGB:9 I=6C@H ID I:8IDC>8 68I>K>I>:H 6C9 KDA86C>8 :GJEI>DCH *I=:G K>I6A>I>:H ID =JB6C A>;: 6AHD ;DGB:9 9JG>C< I=: G8=:6C DC HJ8= 6H I=: ;>GHI D8:6CH 6C9 I=: B6<C:I>8 ;>:A9

-:B6G@67AN >I >H I=: G8=:6C DC I=6I I=: 6GI= 7:<6C ID ;DGB >CID I=: 8G69A: D; A>;: I=6I L: @CDL ID96N /=: ;>GHI A>;: ;DGBH 6AI=DJ<= >C I=: ;DGB D; JC9:GL6I:G B>8GDDG<6C>HBH 7:<6C ID ;DGB 7>AA>DC N:6GH 6<D

*I=:G DG<6C>HBH 6AHD ;DGB:9 9JG>C< I=: G8=:6C DC >C ;68I I=: C6B: V G8=:6W DG><>C6I:H ;GDB I=: C6B: D; I=:H: 6C8>:CI DG<6C>HBH

+GDI:GDOD>8 /=: +GDI:GDOD>8 :DC G6C<:H ;GDB 7>AA>DC N:6GH 6<D ID B>AA>DC N:6GH 6<D I I=: 7:<>CC>C< D; I=: +GDI:GDOD>8 I=: "G:6I *M>96I>DC K:CI =6EE:C:9

86JH>C< 6 A6G<: G>H: >C DMN<:C >C I=: D8:6CH I=6I 86JH:9 6ABDHI 6AA A>;: DC :6GI= ID <D :MI>C8I K:C HD

I=: 86JH: G:B6>CH JC@CDLC /=:C I=: V.CDL76AA 6GI=W 6CI:8:9:9 I=>H 86I68ANHB /=6I >H ID H6N I=: 6GI= L6H HD 8DA9 I=6I >I H::B:9 A>@: 6 <>6CI HCDL76AA

.JGEG>H>C<AN A>;: ;DGBH HJGK>K:9 6C9 :KDAK:9 ID 7:8DB: ?:AAN;>H= 8DG6AH IG>AD7>I:H 6C9 DI=:G HD;I 7D9>:9 6C>B6AH

<: D; C>B6AH /=: +=6C:GDOD>8 :DC G6C<:H ;GDB B>AA>DC N:6GH 6<D ID I=: EG:H:CI 96N #DAD8:C: /=: +=6C:GDOD>8 >H 9>K>9:9 >CID I=G:: <GDJEH 86AA:9 :G6H +6A:DOD>8

(:HDOD>8 6C9 :CDOD>8 L>I= :68= :G6 6<6>C 9>K>9:9 >CID E:G>D9H

/=: 8:CDOD>8 >H L=:G: L: 6G: (DG: HE:8>;>86AAN L: 6G: >C I=: , >C I=: 7DIIDB G><=I

+6A:DOD>8 6B7G>6C 6C9 I=: *G9DK>8>6C /=: +6A:DOD>8 >H 86AA:9 I=: :G6 D; 6C>B6AH /=: 6B7G>6C >H I=: E:G>D9 D; >CK:GI:7G6I:H 6C9 I=: ;>GHI K:GI:7G6I:H 6 ;>H= 86AA:9 #6>@DJ>8=I=NH /=>H >H I=: E:G>D9 L=:C I=: B:I:G ADC< ">6CI *GI=D8DC: GJA:9 I=: ADL DMN<:C D8:6CH

.>AJG>6C /=>H >H I=: H=DGI:HI E:G>D9 >C I=: +=6C:GDOD>8 I=: .>AJG>6C L6H A:HH I=6C B>AA>DC N:6GH ADC< 7JI HI>AA =69 <>6CI H:6 H8DGE>DCH

:KDC>6C /=: :KDC>6C H6L I=: ;>GHI A6C9 6C>B6AH 8G6LA>C< DC I=: :6GI= /=: >CH:8IH 6C9 HE>9:GH 6C9 8:CI>E:9:H 86B: ;>GHI 7JI I=:C I=: 6BE=>7>6CH 86B: H:8DC9 $I 6AHD =69 I=: B:I:G ADC< 6GBDG:9 ;>H= JC@A:DHI:JH L>I= 6 ;:GD8>DJH 7>I:

6G7DC>;:GDJH /=: 6G7DC>;:GDJH E:G>D9 >H DC: I=6I BDHI E:DEA: LDJA9 ;>C9 9>H<JHI>C< /=>H E:G>D9 =69 BDG: I=6C 67JC96CI DMN<:C 6AADL>C< >CK:GI:7G6I:H ID <GDL 7><<:G /=: 6G7DC>;:GDJH H6L I=: B:I:G ADC< 8:CI>E:9: GI=GDEA:JG6 6C9 I=: 9G6<DC;AN L>I= I=: 8B L>C<HE6C (:<6C:JG6

+:GB>6C /=>H >H L=:C I=: ;6BDJH >B:IGD9DC A>K:9 /=: FJ69GJE:96A G:EI>A:H HI6GI:9 <GDL>C< ;JG /=: :C9 D; I=: +:GB>6C =69 6 =J<: :MI>C8I>DC :K:CI I=6I L>E:9 DJI D; 6AA 6C>B6AH DC :6GI= 7:86JH: D; KDA86CD:H

(:HDOD>8 /G>6HH>8 %JG6HH>8 6C9 I=: G:I68:DJH /=: -:><C D; I=: >CDH6JGH /=: (:HDOD>8 >H D;I:C G:;:GG:9 ID 6H I=: 6<: D; I=: 9>CDH6JGH $I A6HI:9 67DJI B>AA>DC N:6GH /=: /G>6HH>8 E:G>D9 6AHD =69 ;JGGN G:EI>A:H !AN>C< G:EI>A:H L>I= L>C<H 6C9 ;JG 6I: >CH:8IH >CDH6JGH HI6GI:9 ID 6EE:6G %JG6HH>8 >H I=: BDHI ;6BDJH

=GDCDAD<N D; I=: 6GI=

E:G>D9 7JI CDI 8DCI6>C>C< I=: BDHI ;6BDJH 9>CDH6JGH $I =69 I=: ADC<:HI A>K>C< 6C>B6A I=6I :K:G A>K:9 BE=>8D:A>6H L=>8= G:68=:9 6 =:69 ID I6>A A:C<I= D; B:I:GH $I L6H 6 G:A6I>K: D; I=: ;6BDJH 6AHD %JG6HH>8 G68=>DH6JGJH >G9H 6AHD 6EE:6G:9 /=:C I=: G:I68:DJH 8DCI6>C:9 I=: BDHI ;6BDJH 9>CDH6JGH >G9H 8DJA9 ;AN ;6HI:G 6C9 ;JGI=:G !ADL:GH 6AHD 6EE:6G:9 6C9 HD 9>9 7::H $I =69 I=: A6G<:HI K6G>:IN D; 9>CDH6JGH (6BB6AH 7:86B: BDG: 67JC96CI

:CDOD>8 /=: :CDOD>8 >H I=: :G6 I=6I L: A>K: >C )DL L: 6G: I=: 9DB>C6CI HE:8>:H D; I=>H :G6 #DL:K:G >I >H FJ:HI>DC67A: L=:I=:G DJG >C;AJ:C8: DC I=>H EA6C:I L6H HDA:AN EDH>I>K: 2: @>AA ;DG ;DD9 A:>HJG: 6C9 :K:C ;DG :CI:GI6>CB:CI /=>H 8=GDCDAD<N H::BH ID A:6K: JH L>I= DE:C :C9 FJ:HI>DCH

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô

.%*$ "ÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔ Ô Ô Ô $ %%$ÔÔ Ô Ô $ %%$ Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔÔÔÔÔÔÔÔ Ô $ %'# ) + ') "

(6GH I=: ;DJGI= EA6C:I ;GDB I=: .JC 6C9 I=: H:8DC9 HB6AA:HI EA6C:I >C I=: HDA6G HNHI:B 6;I:G (:G8JGN 7:6GH 6 HIG>@>C< G:H:B7A6C8: L>I= DJG EA6C:I 6GI= /=>H 8DCC:8I>DC 6ADC< L>I= G:8:CI 8G>H:H I=6I =JB6C>IN ;68:H HJ8= 6H 8A>B6I: 8=6C<: =6H :K:C HEJGG:9 6 9>H8JHH>DC 6BDC< H8>:CI>HIH H=DJA9 L: 68IJ6A>O: B6HH >BB><G6I>DC ID (6GH DG H=DJA9 L: G:B6>C >C DJG EA6C:I 6C9 >BEGDK: >I JI ;>GHI I=>C<H ;>GHI L=6I @>C9 D; 6 =DB: >H (6GH (6GH >H AD86I:9 DC I=: ;DJGI= EA6C:I ;GDB I=: HJC 7N @B 6C9 >H I=: H:8DC9 HB6AA:HI EA6C:I >C DJG HDA6G HNHI:B (6GH 6AHD =6H 6 8DG: L=>8= >H B69: D; $GDC C>8@:A 6C9 HJAE=JG L=>8= <>K:H I=: :K>9:C8: I=6I (6GH =69 6 B6<C:I>8 ;>:A9 I=6I 6GI= 6AHD =6H ID @::E I=: A>K>C< A>;: ;DGBH DC :6GI= ID A>K:

(6GH 6AHD =6H ILD BDDCH +=D7DH 6C9 :>BDH +=D7DH B:6CH T;:6GU >C '6I>C 6C9 :>BDH B:6CH T G:69U >C '6I>C /=:H: ILD L:G: 8G:6I:9 L=:C 6HI:GD>9H ;A:L C:6G (6GH /=: 8DADJG D; I=>H EA6C:I >H -:9 *G6C<: >; L: ADD@ >I 6I I=: 9>HI6C8: NDJ 86C DCAN H:: I=>H G6G:AN >C I=: )><=I H@N #DL:K:G >; NDJ I6@: 6 8ADH:G ADD@ 6I I=>H EA6C:I >I ADD@H BDG: A>@: I=: DI=:G 8DBBDC HJG;68: 8DADJGH HJ8= 6H "DA9 "G::C GDLC 6C9 6CN DI=:G 8DADJGH 9:E:C9>C< DC I=: B>C:G6AH /=: 8DADJG D; (6GH >H -:69 6C9 *G6C<: 7:86JH: I=: (6GH HD>A =6H >GDC DM>9: !: * DG GJHI E6GI>8A:H >C >I $I >H 6AHD 7:86JH: I=: 6IBDHE=:G: 6GDJC9 (6GH >H K:GN I=>C 6C9 I=: 6IBDHE=:G: >IH:A; >H ;>AA:9 L>I= D; 6G7DC 9>DM>9: L=>8= >H K:GN 9:69AN ID JH =JB6CH ID A>K: 6C9 7G:6I=:

#DL:K:G /=: HD>A D; 6GI= 6C9 I=: HD>A D; (6GH 6G: K:GN 9>;;:G:CI /=: 6GI= H HD>A =6H ADIH D; CJIG>:CIH ;DG E:DEA: ID ;6GB 6C9 <GDL ;DD9 ID :6I 6C9 =:AEH I=: EA6CIH ID <GDL *C I=: DI=:G =6C9 I=: HD>A DC (6GH >H G>8= 6C9 ;JAA D; >GDC DM>9: L=>8= B6@:H I=: 8DADJG D; I=: EA6C:I (6GH 6EE:6G G:9 6C9 EDDG >C CJIG>:CIH L=>8= 86CCDI <GDL EA6CIH K:GN :;;:8I>K:AN #DL:K:G E:DEA: 86C HI>AA <GDL EA6CIH DC (6GH >; I=:N EJI ;:GI>A>O:GH >C I=: HD>A ID =6K: BDG: CJIG>:CIH HJ8= 6H =JB6C ;:8:H /=: EGD7A:B L6H I=6I >; I=: :MIG:B: 8DA9 I:BE:G6IJG: DC (6GH >CI:G68IH L>I= I=: EA6CIH 7N HNHI:B B6A;JC8I>DC I=: 8GDEH >CHI6CIAN 9>:9

/D96N (6GH >H K:GN 9GN 6C9 =6H A:HH L6I:G 6C9 >I >H :MIG:B:AN 8DA9 6H ADL 6H 9:<G::H !6=G:C=:>I 7JI 7>AA>DCH D; N:6GH 6<D H8>:CI>HIH H6N I=6I (6GH L6H DC8: <:DAD<>86AAN 68I>K: 6C9 =69 6 L6I:GN HJG;68: L>I= G>K:G K6AA:NH 6C9 A6@: 7:69H 8D>A:9 6GDJC9 (6GH /=>H :K>9:C8: >H H=DLC >C I=: "6A: 8G6I:G 6C9 )>A> !DHH6: DC (6GH JI 6H I>B: ;A:L 7N A6G<: FJ6CI>I>:H D; L6I:G DC (6GH :K6EDG6I:9 6C9 G:B6>CH D; L6I:G ;GDO: >CID 6 +DA6G >8: 86EH

.DB: .8>:CI>HIH 7:A>:K:H I=6I I=:G: L6H 6 A>K>C< A>;: ;DGB DC (6GH 6C9 L>AA :M>HI 6<6>C >C I=: ;JIJG: 'DIH D; .E68: EGD<G6B 6GDJC9 I=: LDGA9 IG>:9 ID ;>C9 I=: A>;: ;DGB DC (6GH 7N H:C9>C< GD7DIH B68=>C:H 6C9 HIGDC6JIH ID ;>C9 67DJI >IUH E6HI EG:H:CI 6C9 ;JIJG: ;DG 6 L6N ID HJHI6>C A>;: HD I=6I I=: E:DEA: 6C>B6AH 6C9 6CN A>K>C< ;DGB 86C A>K: DC (6GH H>C8: 0C;DGIJC6I:AN CDC: D; I=:B HJ88::9H >C >I

'>;: DC 6CDI=:G EA6C:I B6N HI>AA 7: 9>;;>8JAI ID ;>C9 ID96N DG :K:C >C I=: ;JIJG: 7JI (6GH 86C 7: I=: @:N ID I=: HJGK>K6A D; =JB6C>IN L=:C ;>C9>C< +A6C:IH ;DG HJGK>K6A $I >H NDJG IJGC ID 9:8>9: .=DJA9 L: @::E H:6G8=>C< ID ;>C9 6 L6N ID A>K: DC (6GH DG >CHI:69 >BEGDK: I=: 8DC9>I>DCH DC 6GI= ID A>K: H6;:G

! "% ' ) %'

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔÔÔÔ ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô .*$( % % Ô Ô Ô Ô .%$ %$ Ô Ô Ô Ô %# '!ÔÔÔÔÔÔÔ

J<:C>8H >H I=: E=>ADHDE=N 6C9 HD8>6A BDK:B:CI I=6I 6G<J:H >I >H EDHH>7A: ID >BEGDK: I=: =JB6C G68: 6C9 HD8>:IN 7N :C8DJG6<>C< G:EGD9J8I>DC 7N E:DEA: DG EDEJA6I>DCH L>I= V9:H>G67A:W IG6>IH I:GB:9 VEDH>I>K:W :J<:C>8H 6C9 9>H8DJG6<>C< G:EGD9J8I>DC 7N E:DEA: L>I= VJC9:H>G67A:W FJ6A>I>:H I:GB:9 VC:<6I>K:W :J<:C>8H

/=: 9:K:ADEB:CI D; I=: >9:6 D; :J<:C>8H HI6GI:9 >C I=: 0C>I:9 .I6I:H >C I=: :6GAN IL:CI>:I= 8:CIJGN $I L6H JE=:A9 6C9 :C:G<>O:9 7N 6 L>9: G6C<: D; >C9>K>9J6AH

>C8AJ9>C< <DK:GCB:CI D;;>8>6AH G:H:6G8=:GH 7JH>C:HH A:69:GH 6C9 DI=:G E:GHJ6H>K: E:DEA: L=D H=6G:9 I=: D7?:8I>K: D; 9:8G:6H>C< I=: AD69H DC HD8>:IN

9DA; #>IA:G 76H:9 HDB: D; =>H :6GAN >9:6H 67DJI :J<:C>8H DC I=: EGD<G6BH EG68I>H:9 >C I=: 0C>I:9 .I6I:H #: L6H I=:>G BDHI >C;6BDJH EG68I>I>DC:G I=: )6O>H @>AA:9 I:CH D; I=DJH6C9H D; 9>H67A:9 E:DEA: 6C9 HI:G>A>O:9 =JC9G:9H D; I=DJH6C9H 9::B:9 >C;:G>DG 6C9 B:9>86AAN JC;>I ;I:G 2DGA9 26G $$ 6C9 I=: #DAD86JHI

I=: B:G>86C :J<:C>8H BDK:B:CI L6H L>9:AN 8DC9:BC:9 #DL:K:G HI:G>A>O6I>DC EGD<G6BH 8DCI>CJ:9 >C B6CN HI6I:H JCI>A I=: B>9 H

/=: >9:6 D; :J<:C>8H 9:K:ADE:9 ;GDB 6GL>CUH I=:DGN D; C6IJG6A H:A:8I>DC )6IJG6A H:A:8I>DC >H 76H:9 DC I=: 8DC8:EI D; VHJGK>K6A D; I=: ;>II:HIW .D8>6A 6GL>C>HB >H I=: >9:6 I=6I 6 EA68: D; 6 E:GHDC >C HD8>:IN L6H HDA:AN 9J: ID NDJG ;>IC:HH DG <:C:H J<:C>8H >H I=: 8DC8:EI I=6I HD8>:IN 86C >C;AJ:C8: I=: 8DJGH: D; =JB6C :KDAJI>DC 7N 6AADL>C< EG:;:G67A: <:C:H ID 7: E6HH:9 DCID ;JIJG: <:C:G6I>DCH L=>A: 9>H8DJG6<>C< CDC EG:;:G67A: DC:H >I >H 6ABDHI A>@: I=: 6EEA>86I>DC D; .D8>6A 6GL>C>HB

>;;:G:CI HD8>6A 6GL>C>HIH =6K: 9>;;:G:CI K>:LH 67DJI L=>8= <GDJEH D; E:DEA: 6G: I=: HIGDC< 6C9 I=: L:6@

6C9 I=:N 6AHD =DA9 9>;;:G:CI DE>C>DCH 67DJI I=: EG:8>H: B:8=6C>HB I=6I H=DJA9 7: JH:9 ID EGDBDI: HIG:C<I= 6C9 EJC>H= L:6@C:HH $I >H I=: H:A:8I>K: 7G::9>C< D; =JB6CH ID EGD9J8: ;6KDJG67A: IG6>IH 6H DC: B><=I 9D L>I= A>K:HID8@ DG 9D<H

/D ;JGI=:G >CK:HI><6I: I=: I=:DGN D; C6IJG6A H:A:8I>DC >I >H I=: @:N B:8=6C>HB D; I=: :KDAJI>DC D; I=: HE:8>:H I=: 8=6C<: >C I=: =:G>I67A: IG6>IH 8=6G68I:G>HI>8 D; 6 EDEJA6I>DC DK:G <:C:G6I>DCH

)6IJG6A H:A:8I>DC ;6KDJGH 8=6G68I:G>HI>8H I=6I HJEEDGI I=: HJGK>K6A D; I=: HE:8>:H <DD9 :M6BEA: >H I=: HEG:69 D; 6CI>7>DI>8 G:H>HI6CI 768I:G>6 H L>I= BDHI HE:8>:H K6G>6I>DC >H EG:H:CI >C 768I:G>6A EDEJA6I>DCH /=>H K6G>6I>DC A:69H ID C6IJG6A H:A:8I>DC 2=:C :MEDH:9 ID 6CI>7>DI>8H 768I:G>6A BJI6I>DCH 86C D88JG A:69>C< ID 699>I>DC6A K6G>6I>DC L>I=>C I=: EDEJA6I>DC /=DH: 768I:G>6 L>I= K6G>6I>DCH I=6I 6G: G:H>HI6CI ID I=: 6CI>7>DI>8 6G: I=: ;>II:HI ;DG I=:>G :CK>GDCB:CI 6C9 L>AA HJGK>K: ID E6HH DC I=:>G G:H>HI6CI <:C:H ID I=:>G D;;HEG>C< DG I=GDJ<= EA6HB>9H /=DH: 768I:G>6 I=6I 6G: HJH8:EI>7A: ID I=: 6CI>7>DI>8H L>AA 9>: /=: 6AA:A: ;DG I=: 6CI>7>DI>8 G:H>HI6CI 8=6G68I:G>HI>8 L>AA >C8G:6H: >C ;G:FJ:C8N >C I=: <:C: EDDA 6C9 :K:CIJ6AAN BDG: 6C9 BDG: 768I:G>6 7:8DB: G:H>HI6CI

(:I=>8>AA>C 6C9 K6C8DBN8>C 6G: INE:H D; 6CI>7>DI>8H JH:9 ID IG:6I K6G>DJH >C;:8I>DCH 7JI G:H>HI6C8: ID I=:B >H <GDL>C< 6BDC< 768I:G>6 /=: BDHI 96C<:GDJH 768I:G>6 >C8AJ9: B:I=>8>AA>C G:H>HI6CI

(-. DG <DA9:C HI6E=

K6C8DBN8>C G:H>HI6CI

1- 6C9 BJAI> 9GJ< G:H>HI6CI ( - / /=:H: 768I:G>6 EDH: H:G>DJH EJ7A>8 =:6AI= EGD7A:BH

# ! "! '"%

2**$/0 /$ $11(+& ,11$/ +# ,11$/ ' ) 'Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô " . #Ô Ô Ô $ %%$Ô Ô ÔÔ Ô ,%$ % Ô Ô Ô Ô

,F+ &', !-+, 1'-* % & , '&A +-%% *+ * ,, & ',, *= + + '/& & , * ( '. < , %( * ,-* ' & . * +-%% * 1 + * ( $1 & * + & 1 * , * 1 *= $ +'% % 1 0( , % * + , ' , %'* +-&$ ,< , ,- $$1 + % ++ . %( , '& '-* ($ & ,= + ,+ ' ',, * +-%% *+ . *1 *'% $, (*' $ %+ ,' &. *'&% &, $ (*' $ %+= + '* $, ++- +< , -+ + , 0 -+, '&< / $ + ,' & & * + & ' 1 , %( * ,-* < .1 +/ , & < $ %%1 +# &< < , * & ++< & / # & (-$+ = $+'< , + +1 ,' . $'( *, +,*'# -& * + . * $1 ', / , *= , , +, + ' ///=('(+ = '% +, , , , , + 1 ,B/ . . & * + 1 5633 ( * &, + & 5334= , * $, ++- + & $- , * '* , % &, $ / $$ & & /'*+ & $$ * += ',, * +-%% *+ -+ . * '-+ &. *'&% &, $ (*' $ %+ + / $$= '* '& < , , *'% , +-& -+ + ('$$-, &,+ ,' * , / , ,%'+( * + + ,' '*% '2'& < / $ + ,' /'*+ & * )- $ ,1 & ('$$-, '&= + $ &#+ / , $, (*' $ %+< + & ('$$-, * + % &1 & , . ,+ '& '-* ' 1= , $+' + +,*'& %( , '& , ' & & , * + / , * 1 % # & * + / , * / *%< $ ,, & ,

+ * ,' '&, % & , = '* '. *< , * + / , * % $,+ & í $$'/+ $ ++ * , & % $+ ,' $ . '&= , % 1 , * +'&+ '* , + / -$ * + & , %( * ,-* > &+/ * + + %($ ; $' $ / *% & = * & '-+ + + +- + * '& '0 & % , & * + , , %( * ,-* ' '-* ($ & ,= -*& & ' ' $< ' $< & +<í $'& / , '* +, , '& & / +, 1 ( '($ < $+' '&,* -, + ,' $' $ / *% & = . *1'& @+ ( *, ( , '& + ++ &, $ & '* * ,' (* . &, $ % , & = ' . +'% . < *+,< , / + $1= -, # '& % ,< +( $$1 $ % & = -*, *%'* < + & '' / +, '-&,+ '* 9 ( * &, ' , * & '-+ +< 1'- & ,' % # +-* , , 1''&$1 , # / , / & ,= + 1 $ + '* 1'-* '/& , '* + '*,B +, & ,* (+ & * - '% & * 1 -+ = + * $$ . *1 + %($ , & + , , &1'& & '< & / $$ & ,' , # ( *, & +,'(( & $ % , & & $'. & '-* ($ & ,=

' ) 'Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô #. ".( $( %

$ %'# ) + ') "

#- ! 1# .1 - 1 #! -8 # 6 - ! . % !# !#! 6 - 1 5 - # 1 % - 14- .1 8 ! - . .' # 6 - ! . ! - 8 11- 41 1# 1 - ! #4. 1 4. 8 4 ! 1 5 18 .4 . 4-! ! #.. 4 . ! - #5 ! #- .1.' #- ! 1# 1 #! -#! 41 . ! % ! .1- 1 #! 16 ! 1 $ :+. ! 3:$0 1 5 - 1 % - 14- # 1 -1 ! - . 8 $ - . 4.' #! 8 1 ! 1 1 $ - . 4. . !#1 !#4 1# ! 4 ! 1 -1 1 ! 4. !. %-# .' #4 ! 4! -.1 ! 1 . 8 - 1 ! 1# 8#4- # 8+. 1 % - 14- ' 4 ! # 8,. 5 - 1 % - 14- . 20' - . 4.' 1 1 1 % - 14- # . 4% 1# 2/' - . 4. 8#4 # . ' ! 1 # . 4% 1# : - . 4. #4- - ! . - 9 ! ! 1 . #5 $ - . 4. 8#4 ! - 8 ' .1 1 . 1 1 6 % 6 - ! 4% 1 -1 #4- #.8.1 6 . 5 - 8 .1-#8 ' #!. (4 ! . # # 6 - ! # 6 - ! . !#6 ! 8 ! -#4. .1 1 ! !4 -#4. #!. (4 ! . 6 1 1 -1 6 % 1 #!1 !4 .' #- ! 1# 8 ! 6. 1 !!4 5 - 1 % - 14- # 1 -1 # . 4% 1# 3 . 4. 1 . 5 6 - . 8 1 - ! #!. (4 !1 8 $:& # 1 6#- +. %#%4 1 #! 6 .% ' #- #5 - #- ! 1#

8 6. 3 - . . 4. # 1 !!4 5 - 1 % - 14- # 1 -1 6 :& # 9#! - ! #- .1.' . - .4 1 # 6 - ! 6 6#-. ! ! 1 6 .1-#8 1 #.8.1 #! 1 -1 ' 4. . # # 6 - ! #- ! 1# 5 ! 1 1 #-# # .1 ! : ":& # 1 ! #! 1 -1 . 4 1# - ! #4. 1. 8 4 !.' #- ! 1# 1 ## 1 #! -8 ) - ! #4. 1* . % !# !#! 1 1 - ! #4. . . -# 4 ! 1 5 18 # 1# 1 1 #.% - ! 1- % 1 .4! 1 ! - 1 1' . . # 1# -1 +. 1 #.% - ! 1 ! 1 4. ! 1 1 % - 14- # 1 -1 # . 4%' - ! #4. 1. - 6 4-! ! #.. 4 . ! .1-#8 ! 1 #- .1.' ! 1 #1 - ! #! 8 $:& # 1 ! . 4. 8 ! 14- % !# !#! .4 . !# #- ! 1# 1 ! .' ! 1 #! .1 1 . 1 1 ) #- 1 ! 4.1- 5# 41 #! # 6 - ! 6 . !#1 4. 8 4 ! 1 5 18 41 8 ! 14- *' . %-#5 . 1 1 # 6 - ! . 4. 8 4 ! 1 5 18 ! .% 8 4- ! 1 ! 4.1- 5# 41 #! 6 . 6 ! % #% .1 -1 4-! ! #.. 4 . 1# #% - 1 1#- .' !#1 - 4. # # 6 - ! . #- .1 1 #! 6 !. 4-! ! #- .1.' ! #- .1. - 4-! - ! #4. . . - - . ! 1- . 1 1 - 1 - #! #7 ! 7 #78 ! . %% -' # 6 - ! . % !# !#! 1 1 1. 1 6 # 6#- ' ! 6 !#6 1 4. . ! #!. (4 ! . # # 6 - ! !#6 . 1 1 #- # 4. 1# .1 % 1#6 - . - . .1 ! # 6 - ! '

! "% ' ) %'

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔ ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô ) "" %#Ô Ô Ô Ô .%$ %$ Ô Ô Ô %# '!Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô

,96 =:>:ED @7 9F>2? 64@?@>:4 8C@HE9 @? A=2?6E 2CE9 92D 366? 6I4665:?8 @G6C E96 A2DE 46?EFCJ ,96 7:CDE @3DE24=6 :D E96 6?G:C@?>6?E2= 2?5 ?2EFC2= C6D@FC46 492==6?86D E92E 9F>2?D 7246 ,96 D64@?5 @3DE24=6 :D 492?8:?8 E96 >2??6C 2?5 677:4:6?4J :? H9:49 H6 FD6 E96 C6D@FC46D

!@H6G6C 64@?@>:4 8C@HE9 ?@C ?2EFC2= C6D@FC46D 2C6 2? :DDF6 /9:=6 7:?:E6 E96 DFAA=J @7 E96 A=2?6E C6D@FC46D 2C6 G2DE :? @C56C 7@C 9F>2?D E@ E9C:G6 2?5 7@C AC@DA6C:EJ E@ 4@?E:?F6 7@C 564256D ,96 C62= AC@3=6> :D E96 G2C:6EJ @7 C6D@FC46D 9F>2?D 92G6 2446DD E@ 2?5 E96 >2??6C 2?5 677:4:6?4J 9F>2?D FD6 E96>

bbb,96 H@C=5 :D 724:?8 :?4C65:3=J D6C:@FD ?2EFC2= C6D@FC46 2?5 6?G:C@?>6?E2= 492==6?86D 4=:>2E6 492?86 7C6D9 H2E6C 56A=6E:@? @462? @G6C7:D9:?8 567@C6DE2E:@? 2:C 2?5 H2E6C A@==FE:@? 2?5 E96 DECF88=6 E@ 7665 2 A=2?6E @7 3:==:@?D == @7 E96D6 492?86D 2C6 288C2G2E65 3J 6G6C C:D:?8 56>2?5 @G6C E96 ?6IE J62CD 6DE:>2E6D 2C6 E92E 56>2?5 7@C 7C6D9 H2E6C H:== C:D6 56>2?5 7@C 7@@5 H:== C:D6 2?5 56>2?5 7@C 6?6C8J H:== ?62C=J 5@F3=6 E E96 D2>6 E:>6 9F>2?D H:== ?665 E@ @G6C4@>6 4=:>2E6 492?86 56A=6E:@? @7 C:G6CD 2?5 2BF:76CD 2?5 567@C6DE2E:@?

b,96 F=E:>2E6 D@=FE:@? E@ E96D6 AC@3=6>D :D :??@G2E:@? :??@G2E:@? :? D4:6?46 2?5 E649?@=@8J E92E 9F>2?D FD6 E@ E2A :?E@ A9JD:42= C6D@FC46D 2?5 :??@G2E:@? :? E96 64@?@>:4 DJDE6> E92E DE66CD @FC 4@?DF>AE:@? ,96 4FCC6?E D:EF2E:@? E92E 9F>2?D 7246 :D 2 C246 36EH66? 56A=6E:@? 2?5 A@==FE:@? @7 ?2EFC2= C6D@FC46D 2?5 2 A246 @7 :??@G2E:@? @? E96 @E96C D:56 C62E=J 6IA2?5:?8 E96 8=@32= 64@?@>J H9:=6 2E E96 D2>6 E:>6 D9C:?<:?8 @C 6G6? C6G6CD:?8 @FC :>A24E @? E96 A=2?6E :D A@DD:3=6

/96E96C 9F>2?D 249:6G6 E9:D 56A6?5D @? E96 49@:46D H6 >2<6

bb,96 :?4C62D:?8 56>2?5 92D =65 E@ E96 6I92FDE:@? @7 E96 A=2?6EMD C6D@FC46D !F>2?D 92G6 @G6CD9@E E96 A=2?6EMD 42CCJ:?8 42A24:EJ 4@?@>:4 8C@HE9 E96 C@@E AC@3=6> 5C:G:?8 @FC 8C@H:?8 4@?DF>AE:@? 2?5 A@==FE:@? 92D E@ 6?5 +@>6 A2DE 6DE:>2E6D D9@H E92E 6G6?EF2==J E96 8=@32= 64@?@>J >2J 6G6? ?665 E@ D9C:?< E@ 2G@:5 5@H?C:89E 64@=@8:42= 5:D2DE6C

bb 5G2?46D :? D4:6?46 2?5 ?6H E649?@=@8:6D AC@G:56 ?6H @AA@CEF?:E:6D 2?5 D@FC46D @7 C6D@FC46D ,96 42E49>6?E E@H6C /2C<2 :? E9:@A:2 :D @?6 6I2>A=6 @7 E96D6 56G6=@A>6?ED :? D4:6?46 2?5 E649?@=@8:6D (7 2== E96 7C:42? 4@F?EC:6D E9:@A:2 :D A2CE:4F=2C=J 27764E65 3J H2E6C D42C4:EJ /@>6? H:E9 49:=5C6? @7 E96 G:==286D 2C6 7@C465 E@ EC2G6= =@?8 5:DE2?46D E@ 86E 5C:?<23=6 H2E6C H9:49 :? >@DE 42D6D :D G6CJ >F55J 2?5 :?4=F56D 4@?E2>:?2E65 H2DE6 @7 =:G6DE@4< 2?5 @E96C 2?:>2=D

b

$CHI6AA>C< 26G@6 R 6C >CCDK6I>K: HDAJI>DC 9:K:ADE:9 7N ILD $I6A>6C :C<>C::GH 76H:9 DC I=: H>BEA: EG>C8>EA: D; 8DAA:8I>C< L6I:G ;GDB I=: 6>G 6H 6 G:HJAI D; 8DC9:CH6I>DC >H :;;:8I>K: /=: 9:H><C =:><=I D; B:I:GH 6C9 6 L:><=I D; @< 8DCH>HIH D; 6 HI6C9 B69: D; 76B7DD 6C9 HE:8>6A EDANB:G B6I:G>6AH 6C9 8DAA:8IH L6I:G 9GDEA:IH DC

$CHI6AA6I>DC 86C 6HH:B7A: 6C9 >CHI6AA E:DEA: ;DG 6 8DJEA: D; =DJGH /=: 9:H><C D; I=: 96N >H 67A: ID 8DAA:8I JE ID A>IG:H D; L6I:G L>I=DJI :;;DGI /=: I=>DE>6C A6C<J6<: VL6G@6W B:6CH L>A9 ;>< IG::

L=>8= <GDLH >C I=: 8DJCIGN 6C9 >H 6 HNB7DA D; ;:GI>A>IN 6C9 <:C:GDH>IN $C I=: EA6C ID :HI67A>H= H>B>A6G 86I8=B:CI IDL:G:9 >C H:K:G6A K>AA6<:H 68GDHH I=: 8DJCIGN .JGEG>H>C<AN I=: H>BEA: 8=:6E 6C9 :A:<6CI 9:H><C =6H HDAK:9 6 H:G>DJH EGD7A:B

CDI=:G :;;:8I>K: >CCDK6I>DC >H I=: K>7G6I>C< EA6I;DGB /=: B6>C EGD7A:B L>I= I=: C:L HDJG8:H D; :C:G<N HJ8= 6H L>C9 IJG7>C:H 6C9 HDA6G E6C:AH >H I=6I I=:>G >CHI6AA6I>DC G:FJ>G:H 6 A6G<: 6G:6 )DI DCAN I=6I HJ8= >CHI6AA6I>DCH HED>A A6C9H86E:H 8DJEA: D; L>C9 IJG7>C:H >C 6 ;>:A9 DC 6 768@<GDJC9 D; HCDL 86EE:9 E:6@H B6N ADD@ 6:HI=:I>8 7JI =JC9G:9H DG I=DJH6C9H D; IJG7>C:H ID<:I=:G R >IUH CDI :M68IAN 6 EA:6H6CI H><=I L6N DJI 8DJA9 7: I=: >CHI6AA6I>DC ;AD6I>C< DC I=: HJG;68: D; I=: L6I:G 6L6N ;GDB I=: H=DG:

$C I=: 8DBE:I>I>DC '6C9 GI ":C:G6I>DC $C>I>6I>K: ' "$ 6GI>HI !:A>M =DC< EG:H:CI:9 I=: K>7G6I>C< EA6I;DGB L=>8= L6H EA68:9 DC I=: HJG;68: D; I=: H:6 6C9 HIDG: L>C9 :C:G<N K>6 HE:8>6A H6>AH $C 699>I>DC I=: K>7G6I>C< EA6I;DGB >H 67A: ID 688JBJA6I: I=: :C:G<N D; I=: I>9:H L>I= I=: JC9:GL6I:G E6GI D; I=: HIGJ8IJG:

$C 8DC8AJH>DC =JB6CH BJHI 8DCI>CJ: ID ;>C9 L6NH ID 8DB76I I=: 9:EA:I>DC D; C6IJG6A G:HDJG8:H 6C9 8DCI>CJ: ID ;>C9 BDG: >CCDK6I>K: HDAJI>DCH /=: ;>:A9 D; H8>:C8: 6C9 I:8=CDAD<N BJHI 7: 9:K:ADE:9 ;JGI=:G ID 68=>:K: 7:II:G DJI8DB:H

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔÔ Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô , .%*$ $ÔÔÔ Ô ÔÔÔÔÔ $( % Ô Ô ÔÔÔÔÔ Ô $( % Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô $ %'# ) + ') "

b ) /) * (* ) ) ( %+)"/ )+ ( $ (%# " # * $ " # * $ ) +) $ , ( %+) - /) $ )%# % * ! / *%() ( ( $ %+) ) ) ( ) $ # )) %$) $ "% " - (# $ %- , ( &" * * *%$ ) ) ")% %$ % * #%)* #&%(* $* +) ) % " # * $ " * * *%$ ) ) ) $* * %(/ * * ) ( ) * #%, # $* % &" * ) +) $ * %$* $ $*) *% #%, $ ( $* &%) * %$) %, ( * # (* * *%$ &(% )) *- $ $ "" %$ / () % - ( * * %$* $ $*) $ * -%(" * ) %$ / * ( , $ %( ) *- $ * &" * ) * +) * %* # * ( ") $ ( * (* 0) %( ( ) $ %" ( # $*" (% !) ) $! #%, # $* % &" * ) +) ) (* '+ ! ) ,%" $ (+&* %$) #%+$* $ + " $ $ ) $ % $ +(( $*) )+ + * %$ $ #%(

$ %- % ) &" * * *%$ ) ( " * *% " # * $ ()*"/ * #%, # $* % &" * ) $ %$* $ $*) # ! * * #& ( *+( %** ( %( %" ( & $ $ %$ - ( * % $ * / # % , % ( . # & " ( * $ - ) $ ( * ' + * % ( % + * # "" %$ / () % +* ) &" * * *%$ ) && $ * #%, +( * ( - / (%# * '+ *%( " # * $ * ) #%)*"/ "%+ / $ * #& ( *+( ) $%* , (/ ( '+ $* ) # $) * * * &(% )) % &" * * *%$ ) $ +) , ( * %$ *% %+$*(/0) , ( * #& ( *+( +) $ " # * $ %$ "/ &" * * *%$ ) +) "%* % & $%# $ * * * " # * $ % ( . # & " * + ) ) , % " $ ( + & * % $ ) $ , % " $ % ( + & * ) * % * # # (%# * # "* # $*" % * ( * ( ) ) *% * )+( $ * * #& ( *+( % * ) + ( ( % + $ $ ( ) ) $ * % * ( $ , % " $ ) ) " ! ) + " + ( %. $ +) "% " %%" $ * ")% +) ) $ $ * % $ +(( $*) $ $ ( * ) #%( * $ +(( $*) "& *% )*( +* * "" (%+$ * -%(" / *( $)&%( * $ * - (# - * ( $ * &( & * * %$ (%# * &" - ( * ) $ ( * '+ *%( *%- ( ) * &%" ) $ %" - * ( *%- ( ) * %* &" ) % - * %+* * % $ +(( $*) * * $$%* , $"/ )*( +* +) $ )%# %+$*( ) $ *%% %* %( *%% %" ! * ) &" * * *%$ ) , ) $ $* #& *) %$ " # * $ ) ) (" ( $ * & )) " # * $ $ +) / , ( %+) - /) +* %, ( * # $ )* "" &" * * *%$ ) ) &( )+# "/ * $ " # * $ * #%)*

! "% ' ) %'

$)$"1(3$ /$$#(+& ' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô

*$ # $ Ô Ô Ô Ô $ %%$ÔÔ Ô Ô %. %*$ $Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô

$C 7>DAD<N I=: I:GB :KDAJI>DC >C9>86I:H 6 8JBJA6I>K: 8=6C<: >C I=: >C=:G>I67A: 8=6G68I:G>HI>8H DG E=:CDINE:H D; 6 EDEJA6I>DC 8A6HH>8 :M6BEA: D; :KDAJI>DC >H 6GL>CUH !>C8=:H L=>8= :KDAK:9 ID 8DCHJB: 6 <G:6I:G K6G>:IN D; ;DD9H G6C<>C< ;GDB A6G<: >CH:8IH ID I=: 7ADD9 D; ><J6C6H

HE:8>6AAN H:A:8I>K: 7G::9>C< 6AHD @CDLC 6H 6GI>;>8>6A H:A:8I>DC >H I=: EGD8:HH 7N L=>8= =JB6CH 6GI>;>8>6AAN 8GDHH 7G::9 CJB:GDJH HE:8>:H ID H:A:8I>K:AN 9:K:ADE E6GI>8JA6G E=:CDINE>8 IG6>IH /=>H EGD8:HH 6AADLH =JB6CH ID 8DCIG>K: DG<6C>HBH L>I= BDG: 9:H>G67A: 8=6G68I:G>HI>8H I=JH 7:C:;>I>C< I=: =JB6C G68: /=: BDHI ;6BDJH :M6BEA: D; H:A:8I>K: 7G::9>C< >H I=: 7:G9::C C<JH L=>8= >H 7G:9 ;DG 7::;

.:A:8I>K: 7G::9>C< >H 6AHD JH:9 >C ;>:A9H DI=:G I=6C G6>H>C< 86IIA: I=: BD9:GC K6G>:IN D; 9D<H >H I=: 9>G:8I EGD9J8I D; H:A:8I>K: 7G::9>C< -68>C< 9D<H HJ8= 6H <G:N=DJC9H L:G: G:C9:G:9 BDG: HA::@ 6C9 6<>A: I=GDJ<= H:A:8I>K:AN 7G::9>C< I=: HA:C9:G 6C9 BJH8JA6G <G:N=DJC9H /=:G: 6G: 6AHD IDN 9D<H A>@: I=: (6AI:H: DG 8=>=J6=J6 I=6I =6K: 7::C 6GI>;>8>6AAN 7G:9 ID 7: HB6AA >C H>O: ID B::I I=: 8DCHJB:GHU L6CIH

DLH 6G: 6AHD 7G:9 ;DG 6 BNG>69 D; G:6HDCH BDHI 8DBBDCAN ;DG 6C >C8G:6H:9 6BDJCI D; B>A@ BJH8A:H DG ;6I 6C9 EGDI:>C 8DCI:CI :ADL >H 6 E>8IJG: D; 6 8DL C6B:9 I=: V :A<>6C AJ: W 6 BJ8= 7G6LCN HE:8>:H 8DBE6G:9 ID >IH 8DJCI:GE6GIH

/=:H: 8DLH B6>CI6>C HJ8= BJH8JA6G 7J>A9H DCAN 7:86JH: BJI6I>DC I=GDJ<= H:K:G6A <:C:G6I>DCH 6AADLH I=: 9:K:ADEB:CI D; BNDHI6I>C L=>8= >H 8GJ8>6A ;DG BJH8A: 9:K:ADEB:CI 6IIA: 7G::9>C< A>@: I=>H 86H: >H BDHIAN 9DC: ;DG 7::; :H>9:H 9D<H 6C9 8DLH I=:G: 6G: DI=:G 86H:H A>@: =DGH:H 7:>C< 7G:9 ID GJC ;6HI:G

8=>8@:CH 7:>C< 7G:9 ;DG BDG: :<<H L=:6I 7:>C< 7G:9 ;DG BDG: <G6>CH 6C9 L6I:GB:ADC 7:>C< 7G:9 ;DG CD H::9H

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'ÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔ ( $ 'ÔÔÔ , .%*$ $ÔÔÔÔÔÔ $( % ÔÔÔÔÔÔ $( % Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô $ %'# ) + ') "

/NE=DDCH =6K: D88JGG:9 H>C8: 6C8>:CI I>B:H INE=DDC >H 6 B6IJG: 8N8ADC: D88JGG>C< >C IGDE>86A D8:6CH $I BDHIAN =6EE:CH >C I=: )DGI=L:HI:GC +68>;>8 6H>C AD86I:9 >C I=: CDGI=:GC =:B>HE=:G:

$C ;68I DC: I=>G9 D; I=: INE=DDCH =6EE:C>C< >C DJG LDGA9 D88JG >C I=>H G:<>DC

#DL >H 6 INE=DDC B69: DG ;DGB:9 INE=DDC HI6GI 6H 6 HB6AA IGDE>86A I=JC9:GHIDGB /=: BD>HIJG: D; D8:6C >H EJAA:9 7N HIGDC< L>C9 6C9 >H =:6I:9 JE 7N I=: I=JC9:GHIDGB 86JH>C< BDG: :K6EDG6I>DC ID =6EE:C 7N A:II>C< BDG: 6>G ID ;ADL ID I=: 8:CIG: D; I=: HIDGB !>C6AAN 6AA =:6I 6C9 6>G ;ADL IDL6G9H I=: :N: D; I=: HIDGB 6C9 86JH:H 6 INE=DDC

(DHI INE=DDCH D88JG >C I=: CDGI=L:HI +68>;>8 BDG: HE:8>;>86AAN >C I=: T+68>;>8 ->C< D; !>G:U L=>8= >C8AJ9: 8DJCIG>:H A>@: %6E6C 6C696 ):L 5:6A6C9

6C9 =>A: %6E6C >H DC: D; I=: 8DJCIG>:H L>I= I=: BDHI E:GE:IJ6A D88JGG:C8: D; INE=DDCH 6EEGDM>B6I:AN INE=DDCH =>I I=: 8DJCIGN :K:GN N:6G /=: 9>6<G6B 7:ADL H=DLH I=6I %6E6C >H G><=I DC I=: IG68@ D; I=: +68>;>8 ->C< D; !>G:

+:DEA: ;:6G INE=DDCH H>C8: I=:>G :;;:8IH 6G: ;6I6A

!DG :M6BEA: I=G:6I:C>C< L:6I=:G 8DC9>I>DCH HJ8= 6H =:6KN G6>C HIGDC< L>C9H :CDGBDJH L6K:H

A6C9HA>9:H H6AI L>C9 ;ADD9H 6C9 BDG: 86C 7: 86JH:9 )DI DCAN I=6I INE=DDCH =6H I=: 86E67>A>IN D; 86GGN>C< >C;:8I>DJH 9>H:6H:H L6I:G 7DGC: 9>H:6H:H HJ8= 6H 8=DA:G6 =:E6I>I>H 6C9 INE=D>9 ;:K:G 6C9 K:8IDG 7DGC: 9>H:6H:H HJ8= 6H B6A6G>6 6C9 9:C<J:

$C .DJI= &DG:6 /NE=DDC (6:B> L6H I=: BDHI EDL:G;JA INE=DDC ID HIG>@: I=: C6I>DC H>C8: G:8DG9 @::E>C< 7:<6C >C I=: 8DJCIGN >C

(6:B> ;DGB:9 DC .:EI:B7:G ;GDB 6 9>HIJG76C8: >C 6 BDCHDDC IGDJ<= >C I=: L:HI:GC +68>;>8 *8:6C /=: HIDGB 9:K:ADE:9 6 L:AA 9:;>C:9 :N: JC9:G ;6KDG67A: 8DC9>I>DCH )6I>DCL>9:

(6:B> 9:HIGDN:9 =DJH:H 96B6<:9 =DB:H 6C9 A:;I E:DEA: =DB:A:HH

!JGI=:GBDG: .DJI= &DG:6 G:68=:9 >IH EDDG:HI G>8: =6GK:HI 9J: ID I=: L>9:HEG:69 8GDE 96B6<:

(6:B> @>AA:9 E:DEA: 6C9 Ü‘ IG>AA>DC LDC D; 96B6<: L6H :HI>B6I:9 /D EG:E6G: ;DG INE=DDC 7J>A9 6C :B:G<:C8N @>I 6C9 B6@: 6 ;6B>AN :B:G<:C8N EA6C ID 9:I:GB>C: L=:G: NDJ LDJA9 <D 6C9 =DL NDJ LDJA9 <:I I=:G: >; NDJ C::9:9 ID :K68J6I: :H>9:H B6@: EA6CH ID H:8JG: NDJG EGDE:GIN $; =JGG>86C: DJI7G:6@H

H:8JG: NDJG =DB: 7N 8ADH>C< H=JII:GH 6C9 6KD>9 JH>C< I=: E=DC: #DL:K:G BDHI >BEDGI6CIAN @::E 6C :N: DC G69>D 6C9 I:A:K>H>DC ;DG L:6I=:G >C;DGB6I>DC

'$ #$")(+$ (+ *,0.2(1, -,-2) 1(,+0 !,,+ ,/ ! +$ =:46 #6@? +62? 0@@?

,92?<D E@ 5:E@C +62? 0@@? 6D:8?6C !66H@? 9@:

G6CJ DF>>6C E9:D F?H6=4@>65 :?ECF56C ?2>6=J 2 >@DBF:E@ A:6C46D J@FC D<:? E@ 6?;@J 2 5C@A @7 J@FC 3=@@5 !@H6G6C 5:5 J@F ?@E:46 E92E E96D6 DF>>6C ?F:D2?46D 3682? E@ 364@>6 =6DD @7 2 5:DEFC32?46 C646?E=J "? 724E 244@C5:?8 E@ 2 C646?E DEF5J E96 2G6C286 2>@F?E @7 >@DBF:E@6D A6C >@?E9 92D 5:AA65 2 9F86 A6C46?E 7C@> >@DBF:E@6D E@ E9:D J62C 'F>6C@FD 42FD6D 244@F?E 7@C E9:D DF556? 5:D2AA62C2?46 b :CDE=J >@DBF:E@D 2C6 9:89=J D6?D:E:G6 E@ 7=F4EF2E:@?D :? E6>A6C2EFC6D G6? 2 D=:89E :?4C62D6 @C 564C62D6 :? E96 E6>A6C2EFC6 4@F=5 H:A6 @FE >@DBF:E@ A@AF=2E:@?D DA64:2==J 9@E H62E96C EC:886C >6E23@=:D> :? E96 >@DBF:E@MD 3@5J 6G6?EF2==J 2446=6C2E:?8 8C@HE9 @?D6BF6?E=J >@DBF:E@D 5:6 72DE6C 2D 2 C6DF=E @7 E9:D 72DE6C 8C@HE9 '665=6DD E@ D2J =@H6C E6>A6C2EFC6D 9:?56C E96 >@G6>6?E @7 >@DBF:E@D 2?5 2=D@ E6>A6C E96:C 8C@HE9 b !F>:5:EJ :D 2=D@ 2 724E@C E92E 42??@E 36 @G6C=@@<65 "?5665 >@DBF:E@D 2C6 D>2== 4C62EFC6D >62?:?8 E92E E96:C >@G6>6?ED 2C6 27764E65 3J H2E6C >@=64F=6D E@ 2 8C62E6C 568C66 E92? 9F>2?D 2C6 ,96 67764E @7 2 H2E6C 5C@A=6E @? 2 >@DBF:E@ >2J 36 6BF:G2=6?E E@ 2 EDF?2>: E@ 2 9F>2? b,9:D 52>286 92AA6?D >@C6 :? E96 52JE:>6 D:?46 E96 52JE:>6 @7E6? 92D 9:896C 9F>:5:EJ ,96C67@C6 :? EC@A:42= C68:@?D H:E9 6IEC6>6=J 9:89 9F>:5:EJ >@DBF:E@D 7=@FC:D9 5FC:?8 E96 ?:89EE:>6 b!@H6G6C :7 E96 ?:89E E:>6D 2C6 9@E @C :7 E96 EC@A:42= ?:89EMD A96?@>6?@? 4@?E:?F6D >@DBF:E@6D 42??@E 36 24E:G6 ,96 EC@A:42= ?:89E A96?@>6?@? :D 2? :?5:42E:@? @7 8=@32= H2C>:?8 42FD:?8 ?@? EC@A:42= C68:@?D E@ 6I9:3:E BF2D: EC@A:42= H62E96C 5FC:?8 E96 ?:89EE:>6 "7 J@F H6C6 5:DEFC365 :? E96 DF>>6C 5F6 E@ 23?@C>2==J DE:4<J 766=:?8D E9:D A96?@>6?@? :D AC@323=J E96 4F=AC:E "7 E9:D 25G6CD6 4=:>2E6 4@?5:E:@?b=2DED 7@C 2 76H 52JD E96J 72== :?E@ 6DE:G2E:@? H9:49 >62?D D=66A:?8 E9C@F89 E96 6?E:C6 DF>>6C

=@32= H2C>:?8 27764ED >@DBF:E@ A@AF=2E:@?D :? @E96C H2JD 2D H6== b&@DBF:E@6D 92G6 2 923:E @7 DA2H?:?8 688D :? H2E6C @7E6? AF55=6D @C 82AD 36EH66? H:?5@HD F6 E@ 4=:>2E6 492?86 2?5 5C@F89ED E96 ?665 E@ 7:?5 D@FC46D @7 H2E6C 364@>6D 6G6C>@C6 8C62E6C 7@C >@DBF:E@6D !@H6G6C A6@A=6 ?@H252JD FDF2==J D9FE 5@H? E96 H:?5@HD 2?5 EFC? @? E96 2:C 4@?5:E:@?6CD H9:49 >2<6D :E 5:77:4F=E 7@C E96 >@DBF:E@6D E@ 6?E6C C6D:56?46D

@C 36EE6C @C 7@C H@CD6 E9:D >62?D E92E @FC DF>>6C ?:89EE:>6 D=66AD H:== 36 72C >@C6 4@>7@CE23=6 =D@ 4@?D:56C:?8 E96 9F86 562E9D 5F6 E@ >2=2C:2 H9:49 :D 4@?EC24E65 3J >@DBF:E@D E9:D 564=:?:?8 A@AF=2E:@? :D :?5:DAFE23=J 2 3@@? E@ 9F>2?:EJ (C :D :E C62==J D@ b &@DE :>A@CE2?E=J bH6 >FDE 24<?@H=6586 E96 4@>A=:42E65 2?5 :?EC:42E6 ?2EFC6 @7 E96 64@DJDE6> C2?E65 >@DBF:E@D 2C6 2 ?F:D2?46 E@ 9F>2? 36:?8D FE H92E 23@FE E96 2?:>2=D E92E 7665 @? >@DBF:E@D @C E96 2?:>2=D E92E 7@C> >FEF2==J 56A6?56?E C6=2E:@?D H:E9 >@DBF:E@D @C E96> E96 6I:DE6?46 @7 >@DBF:E@D :D ?@E D:>A=J 2 >2EE6C @7 ?:89EE:>6 D=66A 3FE C2E96C 2 >2EE6C @7 =:76 2?5 562E9 ,96 64@DJDE6> :D >F49 4@>A=:42E65 E92? H6 9F>2?D 42? AC65:4E 2?5 6G6? E96 D=:89E6DE 492?86D 42? 92G6 E96 >@DE @G6C2C49:?8 :>A24ED "E :D D:>A=J D6=7:D9 2?5 2CC@82?E E92E H6 @3=:E6C2E6 2? 6?E:C6 DA64:6D 7@C E96 D2<6 @7 9F>2? 36:?8D ,96 ECF6 D@=FE:@? E@ E9:D A2?56>@?:F> C682C5:?8 >2=2C:2 H@F=5 36 E@ 56G6=@A 67764E:G6 2?5 277@C523=6 4FC6D ?@E E@ H:A6 @FE 2? 6?E:C6 DA64:6D

=D@ E96 6IE:?4E:@? @7 >@DBF:E@D 5@6D ?@E ?646DD2C:=J >62? E92E G64E@C DAC625:?8 DA64:6D H:== 5:D2AA62C 7C@> E9:D A=2?6E 06D >@DBF:E@D >:89E ?@E 3:E6 FD !@H6G6C E96C6 2C6 @E96C :?D64ED E92E 42? 42FD6 2D >F49 2D :7 ?@E >@C6 EC@F3=6 E@ 9F>2?D /96? >@DBF:E@D 364@>6 6IE:?4E :E :D >@C6 E92? A=2FD:3=6 E92E E96D6 :?D64ED E2<6 E96 A@D:E:@?D @7 >@DBF:E@D G6? H@CD6 9F>2?D 42??@E AC6A2C6 7@C DF49 492?86D 2D H6 42??@E AC65:4E H9:49 :?D64E H:== 364@>6 E96 ?6IE >@DBF:E@ >@DE EC@F3=:?8 D:EF2E:@? H@F=5 36 H96? 2? 6?E:C6=J ?6H 5:D62D6 :D DAC625 E9C@F89 E9:D ?6H >@DBF:E@ ,9:D 23D6?46 @7 <?@H=6586 H@F=5 >62? E96 :?EC@5F4E:@? @7 2?@E96C >2DD 56DECF4E:@? 324E6C:2 :?E@ E96 A@@C6DE C68:@?D @7 E96 A=2?6E b " 2> ?@E E96 @?=J @?6 E@ DE2E6 E96 :>A@CE2?46 @7 >@DBF:E@D E@ E96 64@DJDE6> 2?5 E96C6 :D 2 5:G:56 :? AF3=:4 @A:?:@? @7 E9:D A96?@>6?@? /9:=6 D@>6 DF886DE E92E E96 564=:?6 :? >@DBF:E@ A@AF=2E:@?D :D 2 3@@? E@ 9F>2?:EJ @E96CD 36=:6G6 E96 @AA@D:E6 4:E:?8 E96 56=6E6C:@FD :>A24ED @? E96 64@DJDE6> FE 23@G6 2== E96 64@DJDE6> >FDE ?@E 36 >2?:AF=2E65 7@C E96 D6=7:D9 ?665D @7 9F>2?D

'$ 501$/5 ,% )) (&'1+(+& #FJ6@? &2b

0@F >:89E 36 72>:=:2C H:E9 6?;2>:? C2?<=:?MD <:E6 =:89E?:?8 6IA6C:>6?E ,96C6 H2D 2 >2? H9@ 2EE6>AE65 E@ 4@AJ 9:D 6IA6C:>6?E C *:49>2?? H2D E96 @?6 2?5 H2D :?DE2?E=J <:==65 3J E96 =:89E?:?8 ,96C6 H2D 2 9F86 82:? 9@H6G6C :? E9:D 5625=J C6DF=E 32== =:89E?:?8 4@F=5 36 7:CDE C6A@CE65 :? +E )6E6CD3FC8 :? *FDD:2 :?

2== =:89E?:?8 :D 2 8=@H:?8 8C2A67CF:E D:K65 32== @7 82D "E FDF2==J 2AA62CD 5FC:?8 E9F?56CDE@C>D 2D 2 7=@2E:?8 DA96C6 E92E 42? D9:?6 2D 3C:89E=J 2D 2

H2EE =:89E3F=3 :? 4@=@FC 7C@> 3=F6 E@ @C2?86 E@ J6==@H 2?5 =2DED 7@C 23@FE D64@?5D ,96 2C62 @7 32== =:89E?:?8 :D J6E >JDE:7:65 2?5 ?@C>2==J 56D4C:365 2D 2 3:K2CC6 A96?@>6?@? 2?5 E96C6 2C6?ME >2?J F?:G6CD2==J 2446AE65 E96@C:6D 6IA=2:?:?8 32== =:89E?:?8

,92?<D E@ 5:E@C +6J@?8 #6@?8 6D:8?6C @>: )2C<

N/92E 42FD6D 32== =:89E?:?8 O ,9:D BF6DE:@? DECF4< 2 ?F>36C @7 D4:6?E:DED :? E96 H@C=5 ,96J 42>6 FA H:E9 E96 4@>A6E:?8 E96@C:6D H9:49 4:E65 >:4C@H2G6 C25:2E:@? 7C@> E9F?56C4=@F5D @I:5:D:?8 26C@D@=D ?F4=62C 6?6C8J 2?5 6G6? 3=24< 9@=6D 2D A@DD:3=6 42FD6D !6C6 " H2?E E@ AC6D6?E D@>6 @7 E96 >@DE 4@>A6E:E:G6 E96@C:6D E92E 2C6 H:56DAC625 2?5 G6C:7:65 :? D@>6 H2JD ,96 7:CDE E96@CJ 3C:?8D D:=:4@? E@ 6IA=2:? E9:D A96?@>6?@? ,9:D H2D AC@A@D65 3J #@9? 3C292>D@? 2E E96 -?:G6CD:EJ @7 2?E6C3FCJ :? 9C:DE49FC49 '6H 162=2?5 !6 DE6>>65 9:D E96@CJ 7C@> E96 :562 E92E 2 496>:42= C624E:@? @7 D:=:4@? A2CE:4=6D 3FC?:?8 :? E96 2:C 42FD6D E96 32== =:89E?:?8 +:=:4@? :D 4@?G6CE65 :?E@ AFC6 D:=:4@? G2A@FC 3J 36:?8 4@>3:?65 H:E9 @IJ86? 2?5 42C3@? D E96 G2A@FC 4@@=D 5@H? E96 D:=:4@? 4@?56?D6D :?E@ 2 7:?6 5FDE ,96 A2CE:4=6D :? E9:D 7:?6 5FDE 2C6 2EEC24E65 E@ 6249 @E96C 3J E96 @AA@D:E6 6=64EC:42= 492C86 4C62E65 3J E96 =:89E?:?8 DEC:<6 3:?5:?8 E@86E96C :?E@ 2? 6=64EC:42= 32== E E96 =2E6C DE286 D:=:4@? 3FC?D 2?5 C64@>3:?6D H:E9 @IJ86? :? E96 2:C C6DF=E:?8 :? E96 8=@H 2?5 962E =:<6 2?J @E96C =:89E?:?8 ,96 32== =:89E?:?8 5:D2AA62CD 27E6C E96 D:=:4@? :D 4@>A=6E6=J 3FC?65 @FE "? @C56C E@ G6C:7J E9:D E96@CJ C6D62C496CD ?E@?:@ )2G2@ 2?5 6CD@? )2:G2 @7 E96 656C2= -?:G6CD:EJ @7 )6C?2>3F4@ :? C2K:= 92G6 366? H@C<:?8 H:E9 E9:D 9JA@E96D:D ,96J 2AA=:65 2>AD @7 6=64EC:4:EJ E@ E96 D:=:4@? DF3DEC2E6 H9:49 G2A@C:K65 E96 DF3DEC2E6 2?5 D@>6E:>6D AC@5F465 8@=7 32== D:K65 7:C632==D ,96C6 :D 2 D:>:=2C E96@CJ :? E96 4@?E6IE E92E D:=:4@? :D 36:?8 E2<6? E@ 244@F?E "? 9:?6D6 D4:6?E:DED C64@C565 E96 7:CDE G:56@ @7 32== =:89E?:?8

44@C5:?8 E@ E96 6>:DD:@? DA64ECF> @7 32== =:89E?:?8 :? E96 7:8FC6 :E 2AA62CD E92E 32== =:89E?:?8 4@?E2:?D E96 6=6>6?ED :? D@:= D:=:4@? :C@? 2?5 42=4:F> ,96C67@C6 E9:D E96@CJ DF886DED E92E 6=6>6?ED :? E96 D@:= 2C6 E@ 3=2>6 7@C 32== =:89E?:?8 "E 4=2:>D E92E 2 4=@F5 E@ 8C@F?5 =:89E?:?8 DEC:<6 >:89E G2A@C:K6 E96 D@:=MD D:=:42E6 4@>A@F?5D H9:49 C624E H:E9 E96 DFCC@F?5:?8 2E>@DA96C6 E@ AC@5F46 2 32== @7 =:89E ,96 7:CDE E96@CJ " AC6D6?E65 9@H6G6C :D 4@?EC25:4E65 3J #@9? %@H<6 2 +"*( D4:6?E:DE !6 A@:?E65 @FE EH@ A@:?ED (?6 E96 @3D6CG2E:@? @44FCC65 H96? E96C6 H2D ?@ E9F?56CDE@C>

=D@ :E H2D 5C:G6? 3J :@?D 7C@> E96 2:C4C27E C252C @A6C2E65 2E >2I:>F> A@H6C 5FC:?8 2 56?D6 7@8

"E 2=D@ AC@A@D6D E92E 32== =:89E?:?8 :D 42FD65 H96? 56?D6 =67E@G6C :@?D 2C6 DH6AE E@ E96 8C@F?5 7@==@H:?8 2 =:89E?:?8 DEC:<6 ,9:D E96@CJ 4@F=5 36 G6C:7:65 3J E96 6J6 H:E?6DD 3J EH@ 7@C>6C -+ :C @C46 A:=@ED @C>6C -+ :C @C46 =:6FE6?2?E @? +>:E6 C642==D N 7E6C 7=J:?8 7@C 23@FE >:?FE6D E96C6 56G6=@A65 @? E96 C25@>6 C252C 4@G6C EH@ 9@C?D @7 +2:?E =>@MD 7:C6 "E =@@<65 2D :7 E96 26C@A=2?6 ?@H 925 3F==MD 9@C?D

E96J H6C6 8=@H:?8 H:E9 E96 3=F6 @7 6=64EC:4:EJ O &@C6@G6C :E H2D F?:BF6 2?5 D:8?:7:42?E :? E96 H2J E92E :E FE:=:K65 E96 DE2?52C5 6BF2E:@?D 7@C E96 >@E:@? @7 6=64EC@?D 2?5 :@?D 2?5 6IA=2:?65 E96 32== =:89E?:?8 H:E9 E96 >2E96>2E:42= D@=FE:@? 7@C E96 7:CDE E:>6

#@9? %@H<6 H9@ 7@F?5 @FE E96 7=2H 7C@> E96 7:CDE E96@CJ 42>6 FA H:E9 E96 >@DE 2AA62=:?8 E96@CJ !6 H2D E96 =6256C 2>@?8 +"*( D4:6?E:DED 2?5 FDEC2=:2 '2E:@?2= -?:G6CD:EJ H9@ AF3=:D965 2 A2A6C :? E96 #@FC?2= @7 6@A9JD:42= *6D62C49 E>@DA96C6D 6?E:E=65 L,96 :CE9 @7 2== %:89E?:?8M ,96J AC6D6?E65 2 ?6H E96@CJ 7@4FD65 @? 9@H =:89E?:?8 42? A2DD E9C@F89 E96 8=2DD =:<6 2 H:?5@H

,96 E96@CJ DF886DED E92E 32== =:89E?:?8 :D 42FD65 3J E96 :@?D >256 3J 2 =:89E?:?8 DEC:<6 ?62C E96 8=2DD ,96 :@?D 4@F=5 A:=6 FA @? @?6 D:56 @7 E96 8=2DD 2?5 4C62E6 2? 6=64EC:4 7:6=5 6I4:E:?8 2:C >@=64F=6D @? E96 @E96C D:56 H9:49 H@F=5 C6=62D6 A9@E@?D 2?5 4C62E6 2 8=@H

,96 >JDE6CJ @7 32== =:89E?:?8 :D ?@E J6E C6G62=65 3FE E96C6 2C6 BF:E6 2 76H E96@C:6D E92E 2C6 C62==J 2AA62=:?8 2D AC6D6?E65 23@G6 D >@DE @7 E96> 92G6 G2=:5 6G:56?46D 2D H6== 2D 4@?EC25:4E:@?D :E H@F=5 36 7F? E@ 4@>A2C6 E96> 2D J@F C625 E9C@F89 $66A FA H:E9 32== =:89E?:?8 2?5 J@F >:89E 36 E96 @?6 H9@ 492?86D E96 G:6H @7 9@H H6 D66 E9:D DEC2?86 A96?@>6?@?

()#%(/$0 b ) 6(+& ,+01$/0 ,% $01/2"1(,+ !2:=6J $:>

) ) %,$ )&,* +0' * & % +,) # * *+ )*= # ) + % + &+ )> &)% &*= ,)) % *= #&& *= )+ (, " *= )&, +*= + > ,+ $&% + &* = + * )+ # . ## & ,* &% . + # - * + $&*+ *+), + - * *+ )= . # ) *>

# ) * ) # " #0= *+), + - = # 1 % $&%*+ )* + + *+)&0 - )0+ % % +* ' + > % $0 &$ +&.%= + ) . * . # ) % + &) *+* + + ) *,#+ % %,$ )&,* % ,) * % + * % &$ * % *+)&0 > * * &% & + ) *&%* . 0 &* +& .) + &,+ + * ' )+ ,# ) * *+ )= * . +% ** )*+ % + ) + $' + + &% ' &'# I* # - *>

&= . + ) . # ) *? + &% )0 % * + * % ,% &%+)&## ) % % ) & &$ ,*+ # - + + &% & ,)) % % ),) # ) *> % + = % - ) & 94=622 . # ) * . ' &,+ $&) + % 9 $ ## &% ) * & # % > * + )+ +* &++ ) % ) ) , +& # $ + % = + ) *" & . # ) * * ) % +* ' ">

,92?<D E@ 5:E@C +62? 0@@? 6D:8?6C b!66H@? 9@:

$' + + + . # ) * - &% - )0 *' + & + )+ - ) * )&$ %- )&%$ %+ # ')& # $* +& &%&$ ')& # $*> 0 + " . 0 &$ *= . # # = % - + + &%= $ ) # **#0 *+)&0 % + +* & % $ #*> 0 #*& ')& , ) + $&,%+ & *$&" = . ) *,#+* % + '&##,+ &% & + )> #*&= . % . + ) * ) % %+& + *& # +& . " % + ) = + $ " * + )&,% )& % + ) &) = ,* # **>

#+ &, . # ) * ) # ** * H% +,) # * *+ )I= &%#0 *$ ## (, %+ +0 & + $ & ,) % +,) ##0 % + ) &.% &) > &,+ :7J;2 ' ) %+ & . # ) * ) *,#+ )&$ ,$ % ,* * *, * * ) ) ++ *= ,% &$' % $' ) *= % $ *'# * ) * & # **> & ) , + %,$ ) & . # ) *= . $,*+ ## + " ' )+ +& #. 0* ) ,# % . ) >

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔÔÔÔÔ ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô % $ .*Ô Ô Ô Ô Ô Ô Ô $( % Ô Ô Ô ÔÔÔÔÔÔÔ $( % Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔ Ô Ô $ %'# ) + ') "

* &, 1( + ' '$ &' + 1'- #&'/ , , !- +$ & / + * , 1 .'$ & *-(, '&+8 '-, 3 % $$ '& 1 *+ '6 , + +,*- ,-* ' , !- +$ & + '*% 1 , .'$ & , . ,1 ' -** -& */ , *7 , * + . * $ %'* *-(, '&+6 '-&, & $$ / + * , 7 # !- +$ & & ,7 $$ 6 , * * % &1 .'$ &' + '*% 1 .'$ & , . , +7 .'$ &' + * . &,' '-* % & ,1( +9 & * '& 6 '%('+ , 6 + $ 6 & '% .'$ &'7 %'+, + & '%%'& ,1( + & * '& 7

& * '& + * , 1 $ . $$ / , +6 / 0($' + & * #+ , $ . &,' & *+7 & *+ , +'$ / $ , 1 $$ # *'-& , '$ & '*% '/$ + ( 7 + + $$ , * , *7 &6 $ . + ('-* '-, ' , * , * & $'/ '/& , .'$ &'7 + + , + +, (+ ' , (*' ++ ' & * '& ;+ *-(, '&7 & , + , %'+, '%%'& ,1( ' .'$ &' +6 , * * % &1 0 %($ + ' & * '& + *'-& , /'*$ 7 * * * & * ' 6 -. * & & * & 6 , & 6 * , + '$-% & & 6 & $ '*-$$'6 ' &6 & 0 '7

+ '& ,1( + '%('+ , .'$ &'6 '* +,* ,'.'$ &'7 '%('+ , .'$ &' + +, (:+ .'$ &'6 & , % &+ , $ . &&', * , *'-& '* , ''$+ '/&6 +' , .'$ &' + +, (7 $+'6 , -+ + (1*' $ +, $'/6 / + % 0,-* ' ', -+, & .'$ & % , * $+ , , ' + '. * 422 * $+ -+7 .'$ &' & * + '. * 3744 # $'% , *+6 & , + $1 0($'+ . - ,' , , # $ . 7 * * ,7 -! ' ( &6 ,7 , $ &+ ' , & , , , +6 ,7 & ,- ' ' , $ (( & + '* , 0 %($ + ' '%('+ , .'$ &' +7

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

$3($4 $++ $"12/$ ,+ $0(&+(+& "(1($0 )6?8F:? .:==286 @>>F?:EJ +6CG:46 ,62>

& /'*$ / , & . *B *'/ & ('(-$ , '& & & %% &+ ' -+ '& (*' - , . ,1< %'* & %'* í +#1+ * ( *+ & ,'/ * & ( *,% &,+ + % ,' (( * %'* & %'* 1 1= $ / , # , + +( '-+í + ' & 1 '* * &, < , + +1 ,' '. *$''# '/ , + - $ & + % * = & , $ ,-* ? + & & , +<? , & . *+ ,1 ' &&+1$. & $ . *+ '%(* &+ . *'&'$' $ +-%% *1 ' , . $'(% &, ' , +=í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í &< , & -+,* $ * .'$-, '& & ,' $ , , ,* & - $ . * '-+ ,* &+('*, , '&< $$'/ & % !'* & & , '& (, ' , % & +, & = + $, * , '&+ $ ,' , 0( &+ '& ' , + & , &, &+ , '& ' ,1 &, *+= , & , + &, &+ , '& ' . $'(% &, $ ,' +' $ -&* +,< .1 ,* < & &. *'&% &, $ (*' $ %+=

,92?<D E@ 5:E@C +62? 0@@? 6D:8?6C +62? 0@@?

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

'$ ,/$ +@A9:6 +9:?

G6? E@52J E96C6 2C6 D4:6?E:DED E92E D2J E96 >JDE6CJ :D >@C6 36?62E9 E92? 36J@?5 2D E96C6 :D?ME 2?J :?7@C>2E:@? 23@FE E96 62CE9MD LF?56CH@C=5M

bb,9:D >@G:6 N,96 @C6O H9:49 H2D C6=62D65 :?

D6ED FA 2 D4:6?46 7:4E:@? 324<8C@F?5 E92E :D 7@4FD65 @? 8@:?8 566A 5@H? E@ E96 4@C6 ,96 4@C6 92D DE@AA65 :ED C@E2E:@? 42FD:?8 :CC68F=2C 24E:G:E:6D @?E@ E96 62CE9MD >28?6E:4 7:6=5 ,9:D =67E E96 62CE9 F?D9:6=565 7C@> D@=2C C25:2E:@? 42FD:?8 7FCE96C AC@3=6>D ,9:D AC@3=6> H2D 42FD65 3J 2 D4:6?E:DEMD 2EE6>AE E@ 4@?EC@= 62CE9BF2<6D E9C@F89 E96 4@C6 )C@;64E +,"'" 2?5 FD6 :E 7@C >:=:E2CJ AFCA@D6D

b

,92?<D E@ 5:E@C +6J@?8 #6@?8 6D:8?6C @>: )2C<

bb"E 7:CDE DE2CE65 H:E9 5@G6D C2:?:?8 7C@> E96 D<J =@D:?8 :ED ?2G:82E:@? :? @DE@? A6@A=6 H:E9 A246>2<6CD 5J:?8 2== @7 2 DF556? :? 3=@4< C25:FD :? @DE@? E96 @=56? 2E6 C:586 4@==2AD:?8 2?5 E96 ?4:6?E *@>6 @=@DD6F> E92E 92D 5676?565 :ED DE286 7@C 2=>@DE

J62CD 2=D@ 72==D 5@H? "E 5:5 ?@E E2<6 =@?8 7@C E96 8@G6C?>6?E E@ C62=:D6 E92E E9:D A96?@>6?@? H2D ?@E 42FD65 E9C@F89 >6C6 H62A@?D 3FE :E H2D 2 L8=@32=M :DDF6

bb,9:D >@G:6 9@=5D C2E96C 2 F?:BF6 D6EE:?8 @7 92G:?8 2 A@DD:3:=:EJ 7@C E96 62CE9MD 4@C6 E@ DE@A DA:??:?8 H9:49 H@F=5 3C:?8 2 42E2DEC@A9:4 67764E E@ E96 H9@=6 A@AF=2E:@? 2?5 62CE9 :ED6=7 ,96 >@G:6D 5:5?ME 92G6 2 A@D:E:G6 2AAC@249 7C@> E96 2F5:6?46D 2D :E H2D 4@?D:56C65 C2E96C LF?C62=:DE:4M 44@C5:?8 E@ =G:D &:E496== @7 E96 '6H 0@C< ,:>6D E96 >@G:6 :D C682C565 2D L3C2K6? D:==:?6DDM 2=D@ 36=:EE=:?8 E96 42DED H:E9 E96:C L:?23:=:EJ E@ 8:G6 E96 A:4EFC6 E96 >@G:6 E96>6 2 DA:?M

+6=64E:G6 3C665:?8 =:<6 >2?J @E96C D4:6?E:7:4 E649?@=@8:6D A@DD6DD6D 3@E9 25G2?E286D 2?5 5:D25G2?E286D "? E96 2DA64E @7 25G2?E286D :E :D >2CG6=@FD E92E :E :D A@DD:3=6 E@ 4C62E6 2 ?6H 36?67:4:2= G2C:6EJ @7 4C@AD H9:49 4@F=5 2=D@ =625 E@ 4C62E:?8 2 H9@=6 DA64:6D @7 4C@AD @C 2?:>2=D E92E 2C6 C6D:DE2?E 282:?DE >@DE 5:D62D6D FCE96C>@C6 :E H@F=5 36 9:89=J 96=A7F= 2D E9:D EJA6 @7 3C665:?8 H@F=5 C6DF=E :? >@C6 72G@C23=6 762EFC6D :? E96:C AC@5F4ED DF49 2D 3:886C @C DH66E6C 7CF:ED !@H6G6C E96C6 2C6 2=D@ 5:D25G2?E286D E@ :E DF49 2D 92G:?8 2 564C62D6 :? E96 G2C:6EJ D:?46 D6=64E:G6 3C665:?8 H:== @?=J =6E 46CE2:? EJA6D 56G6=@A 4C@AD @C 2?:>2=D E92E 9F>2?D 56D:C6 ,9:D H:== 6G6?EF2==J =625 E@ 2 564C62D6 :? E96 2>@F?E @C 6G6? 6IE:?4E:@? @7 @E96C G2C:@FD DA64:6D &@C6@G6C :E 4@F=5 2=D@ 36 G:6H65 2D 2 7@C> @7 2?:>2= 4CF6=EJ D:?46 E96 2?8F:D96D @7 E96 2?:>2=D E92E 4@>AF=D:G6=J C6AC@5F46 :D ?@E 4@?D:56C65

44@C5:?8 E@ 92C=6D 2CH:? D E96@CJ @7 6G@=FE:@? 3J ?2EFC2= D6=64E:@? @C82?:D>D E92E A@DD6DD 96C:E23=6 EC2:ED E92E 6?23=6 E96> E@ 36EE6C 252AE E@ E96:C 6?G:C@?>6?E 4@>A2C65 H:E9 @E96C >6>36CD @7 E96:C DA64:6D H:== 36 >@C6 =:<6=J E@ DFCG:G6 C6AC@5F46 2?5 A2DD >@C6 @7 E96:C 86?6D @? E@ E96 ?6IE 86?6C2E:@? +6=64E:G6 3C665:?8 :D H92E 4=62C=J D6CG6D 9:D E96@CJ D:?46 :E DE2C<=J D9@HD E92E 86?6C2E:@? 27E6C 86?6C2E:@? AC@5F465 E9C@F89 46CE2:? 3C665:?8 CF=6D 27764ED E96:C A9JD:42= 492C24E6C:DE:4D 2D 9F>2?DM :?E6?E:@?D

'6G6CE96=6DD E96C6 2C6 567:?:E6=J D@>6 D9@CE4@>:?8D E92E >2<6 D6=64E:G6 3C665:?8 H62<6C 6G:56?46 7@C 6G@=FE:@? E92E E96J 2C6 2CE:7:4:2==J 5@?6 ,96 E6C> D6=64E:G6 3C665:?8 <66AD C2:D:?8 E96D6 BF6DE:@?D @7 H96E96C :E H@F=5 24EF2==J 92AA6? :? ?2EFC6 "7 D@ 9@H H:E9@FE 9F>2? E649?@=@8J 2?5 D6=64E:@? ,96C6 2C6 >@C6 3:@=@8:42= A96?@>6?@?D 2?5 6=6>6?ED E92E 4@F=5 96=A D6=64E:G6 3C665:?8 36 >@C6 4C65:3=6 DF49 2D ?2EFC2= D6=64E:@?

44@C5:?8=J 6G@=FE:@? 42??@E 36 D2E:D724E@C:=J 6IA=2:?65 @?=J 3J D6=64E:G6 3C665:?8 :ED6=7 2?5 ?665D >@C6 4@?46AED E@ 36 7F==J :?E6CAC6E65

"? 4@?4=FD:@? D6=64E:G6 3C665:?8 :D 2? :??@G2E:G6 E649?@=@8J E92E 4@F=5 492?86 @FC A6CDA64E:G6 @7 6G@=FE:@?

!@H6G6C :E D66>D 6G6C >@C6 :>A@CE2?E E92E :E :D 5@?6 :? 6E9:42==J 7@C E96 D2<6 @7 AF3=:4 @C D4:6?E:7:4 C6D62C49

) *

' 1 $ ))5 --$+0 , '$ ) 01(" ,2 '/,4 4 5 ' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔ Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô " %$/ " . #Ô Ô Ô Ô .%$ %$ Ô Ô Ô %# '!Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô

/96? J@F 2C6 7:?:D965 5C:?<:?8 H2E6C H96C6 5@ J@F AFE E96 6>AEJ A=2DE:4 3@EE=6 @ J@F C64J4=6 :E (C 5@ J@F ;FDE 5C@A :E @? E96 7=@@C ,9:D >2J D66> =:<6 2? F?:>A@CE2?E 564:D:@? 3FE C62=:EJ A@:?ED 2E E96 @AA@D:E6 E9:D 24E:@? :D 2 D6C:@FD 5:=6>>2 E92E 962G:=J D92A6D E96 7FEFC6 @7 @FC A=2?6E

,96 A=2DE:4 >@=64F=6D :? E96 3@EE=6D 2C6 @C:8:?2==J 7@C>65 3J 496>:42==J 3@?565 @:= 2?5 82D >@=64F=6D H9:49 2C6 42==65 >@?@>6CD ,96D6 >@?@>6CD 3@?5 :?E@ =@?8 A@=J>6C 492:?D E9FD 7@C>:?8 E96 A=2DE:4 56DE:?65 E@ 364@>6 3@EE=6D ,9:D :D H9J A=2DE:4 3@EE=6D 5@ ?@E 5642J 62D:=J 2?5 E2<6

J62CD ,96? H96C6 5@ E96J 2== 8@ H96? E96J 2C6 E9C@H? 2H2J ,96 G:56@ H6 H2E4965 82G6 E9C66 2=E6C?2E6 H2JD H6 4@F=5 562= H:E9 E96 6>AEJ 3@EE=6 2?5 9@H E92E 49@:46 H@F=5 27764E E96 6?G:C@?>6?E

,96 7:CDE D:EF2E:@? :D H96? J@F E9C@H E96> 2H2J :? 2 C68F=2C EC2D9 42? :?DE625 @7 C64J4=:?8 E96> ,96D6 A=2DE:4 3@EE=6D 2C6 3C@F89E E@ 2 5F>A H:E9 @E96C C68F=2C EC2D9

&@F?5D @7 A=2DE:4 3@EE=6D 6IA2?5 6249 52J D A=2DE:4 3@EE=6D D:ED E96C6 C2:? 82E96CD :?E@ E96 5F>A /96? 82E96C65 H2E6C 2?5 H2E6C D@=F3=6 4@>A@F?5D >66E E96J 4C62E6 2 E@I:4 DE6H 42==65 =62492E6 H9:49 42? >@G6 :?E@ 8C@F?5H2E6C D@:= 2?5 DEC62>D ,96J 42? 2=D@ 36 4@?DF>65 3J F?DFDA64E:?8 >2>>2=D 2?5 A=2?ED ,9:D E@I:4 >2E6C:2= A@:D@?D E96 64@DJDE6> 2?5 92C>D H:=5=:76

,96 D64@?5 D:EF2E:@? :D H96? H6 49@@D6 E@ D:>A=J ?68=64E E96> 3J E9C@H:?8 E96> 2H2J :? ?2EFC6 2?5 H:=5=:76 ,96 ?68=64E65 A=2DE:4 3@EE=6 86ED DH6AE 2H2J 3J 2 7=@H:?8 C:G6C E@H2C5 2 =2<6 2?5 8C25F2==J E@ E96 @462? ,96 @462? AF==D E96b3@EE=6 :?E@ 2 >2DD:G6 G@CE6I E92E =625D :E :?E@ 2 8:2?E 244F>F=2E65 A:=6 @7 EC2D9 :? E96 >:55=6 @7 E96 @462? 42==65 E96 C62E )24:7:4 2C3286 )2E49 ,9:D :D ;FDE @?6 @7 E96 A=2DE:4 7:==65 8JC6D :? @FC A=2?6E ,9:D 52>286D E96 6?G:C@?>6?E :? D@ >2?J H2JD 7C@> H2E6C A@==FE:@? E@ 2 5:DCFAE:@? :? E96 7@@5 492:? FE E96 3:886DE >@DE :>A24E7F= AC@3=6> @7 E96> 2== :D E92E H96? 7:D9 2?5 >2C:?6 2?:>2=D 4@?DF>6 E96D6 E@I:4 3:ED @7 A=2DE:4 E96J 86E 42F89E 3J 7:D96C>6? 2?5 6G6?EF2==J 86E 62E6? 3J J@F 8F6DD65 :E

!F>2?D

,96 =2DE D:EF2E:@? :D E@ C64J4=6 :E :?E@ D@>6E9:?8 6=D6 "7 J@F C64J4=6 :E A=2DE:4 3@EE=6D 2C6 8C@F?5 E92? >6=E65 D@ E92E :E 42? 36 D@>6E9:?8 6=D6 E E9:D DE2E6 E96 >6=E65 A=2DE:4 3@EE=6D 42? 36 C64C62E65 E@ H92E6G6C 4@?DF>6C H2?ED ,9:D :D E96 >@DE 2AAC@AC:2E6 H2J 3642FD6 :EMD E96 @?=J H2J E@ 562= H:E9 E96 3@EE=6D H:E9@FE A@:D@?:?8 64@DJDE6> @C A@==FE6 E96 H2E6C

D H6 42? 4=62C=J D66 H6 42? 82:? D@ >2?J 36?67:ED 3J C64J4=:?8 A=2DE:4 3@EE=6D 3@E9 6?G:C@?>6?E2==J 2?5 D@4:2==J ,96 49@:46 :D J@FCD H:== J@F A2CE:4:A2E6 :? D2G:?8 E96 62CE9 3J C64J4=:?8 @C H:== J@F 42FD6 7FCE96C 52>286 E@ :E

' ) $ / ) $ / ( $ $ . $( % ÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔ ÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔ ' $ -& ' $ Ô Ô

K:GN7D9N @CDLH I=6I CDI=>C< >H ;6HI:G I=6C A><=I K:GN7D9N 6AHD @CDLH I=6I >I IG6K:GH:H I=: HDA6G HNHI:B >C 6 L=DDH= #DL:K:G =:G:UH HDB:I=>C< NDJ B><=I CDI 7: 6L6G: D; I=: HJCA><=I I=6I >AAJB>C6I:H NDJG GDDB G><=I CDL B><=I =6K: 7::C 8G:6I:9 6I I=: 8:CIG: D; I=: .JC BDG: I=6C I=DJH6C9H D; N:6GH 6<D

'><=I IG6K:AH 6I B:IG:H E:G H:8DC9 6C9 I=: 6GI= >H B>AA>DC @>ADB:IG:H 6L6N ;GDB I=: .JC DC 6K:G6<: .>C8: HE::9 >H 9>HI6C8: DK:G I>B: >I LDG@H DJI ID 7: 6EEGDM>B6I:AN B>CJI:H ;DG A><=I ID A:6K: I=: .JC 6C9 G:68= I=: 6GI= $; I=: .JC HJ99:CAN 9>H6EE:6G:9 ;GDB I=: 0C>K:GH: >I LDJA9 I6@: BDG: I=6C B>CJI:H ;DG JH ID G:6A>H: >I 6C9 HI6GI E6C>8@>C< 2:>G9 G><=I 2=6IUH BDG: I=: H6B: A><=I L6K:H NDJ ;::A =6K: EGD767AN 7::C 6GDJC9 >CH>9: I=: .JC ;DG I:CH D; I=DJH6C9H D; N:6GH 7:;DG:=6C9

$I 6AA HI6GIH >C I=: 8DG: D; I=: .JC L=:G: 7>AA>DCH D; =N9GD<:C 6IDBH ;JH: L>I= :68= DI=:G ID 8G:6I: =:A>JB H 6 G:HJAI ILD INE:H D; E6GI>8A:H 6G: 8G:6I:9 C:JIG>CDH L=>8= 6G: :A:B:CI6GN E6GI>8A:H I=6I G6G:AN >CI:G68I L>I= E=NH>86A B6II:G 6C9 <6BB6 G6NH L=>8= 6G: =><= :C:G<N A><=I E6GI>8A:H I=6I EDL:G;JAAN >CI:G68I L>I= B6II:G

2=>A: I=: C:JIG>CDH 86C H=DDI I=GDJ<= I=: HJC L>I= :6H: :K:GN I>B: I=: <6BB6 G6NH 8DAA>9: L>I= 6C 6IDB

I=:N 6G: 67HDG7:9 6C9 G: :B>II:9 >C 6 G6C9DB 9>G:8I>DC

/=: G69>JH D; I=: HJC >H 67DJI B:IG:H 6 9>HI6C8: I=6I A><=I 86C IG6K:A >C ILD H:8DC9H #DL:K:G

H>C8: I=: A><=I E6GI>8A:H DG E=DIDCH >CH>9: I=: .JC 9D CDI IG6K:A >C 6 HIG6><=I A>C: >I I6@:H 8DCH>9:G67AN ADC<:G ;DG A><=I ID G:68= I=: 6GI= *C8: 6 E=DIDC D; A><=I >H 7DGC >I IG6K:AH 6I I=: HE::9 D; A><=I JCI>A >I 8DAA>9:H L>I= 6 8=6G<:9 E6GI>8A: 6C9 >H 9>K:GI:9 >C 6CDI=:G 9>G:8I>DC AI=DJ<= I=: 9:CH>IN D; I=: .JC 9:8G:6H:H >BB:CH:AN ;GDB >IH 8DG: ID I=: E=DIDHE=:G: I=: INE>86A 9>HI6C8: 6 E=DIDC IG6K:AH 7:IL::C 8=6G<:9 E6GI>8A:H K6G>:H ;GDB 8B 6I I=: 8DG: ID 8B 8ADH:G ID I=: HJG;68:

/=: >CI:G>DG D; I=: HJC 8DCH>HI>C< D; I=G:: B6?DG ODC:H )DL I=6I NDJ @CDL DG 6HHJB: 6 INE>86A 9>HI6C8: 7:IL::C 8DAA>H>DCH D; E6GI>8A:H NDJ =6K: ID ;><JG: DJI =DL B6CN HI:EH 6 E=DIDC I6@:H ID BDK: ;GDB I=: .JC ID >IH HJG;68: /=: E=DIDCH I6@: 6 E6I= @CDLC 6H I=: 9GJC@6G9UH L6A@ DG G6C9DB L6A@ $B6<>C: 6 B6C L=D >H HD 9GJC@ 6C9 86CCDI L6A@ >C 6 HIG6><=I A>C: #: A:6CH DC DC: A6BE EDHI 6C9 HIGJ<<A:H ID <:I ID I=: C:MI DC: K:GN HI:E =: I6@:H >H >C 6 G6C9DB 9>G:8I>DC

/=:G:;DG: ID 86A8JA6I: =DL ADC< >I L>AA I6@: ;DG =>B ID 6GG>K: 6I =>H 9:HI>C6I>DC NDJ I6@: I=: CJB7:G D; HI:EH >I LDJA9 CDGB6AAN I6@: ) 6C9 HFJ6G: GDDI >I /=>H >H =DL :K:GN E=DIDC IG6K:AH ;GDB I=: 8DG: D; I=: .JC ID >IH E=DIDHE=:G: $; 6 E=DIDC I6@:H 6 H:FJ:C8: D; ) G6C9DB HI:EH I=: 9>HI6C8: >I IG6K:AH ;GDB I=: HI6GI>C< ED>CI ID I=: :C9 L>AA 7: I=: HFJ6G: GDDI D; ) !DG :M6BEA: G6C9DB HI:EH L>AA I6@: 6 E=DIDC ID IG6K:A B:IG:H

7JI >I L>AA I6@: HI:EH ID IG6K:A B:IG:H 6C9 DC: B>AA>DC HI:EH ID IG6K:A DC: @>ADB:IG: 6C9 HD DC

.>BJA6I>DC D; A><=I :H86E>C< I=: .JC

.>C8: I=: 9:CH>IN D; I=: .JC 8=6C<:H ;GDB I=: 8DG: ID I=: HJG;68: I=: >CI:G>DG D; I=: .JC >H 8DBBDCAN G:EG:H:CI:9 6H 6 8DAA:8I>DC D; C:HI:9 H=:AAH D; B6II:G :68= =6K>C< 6 INE>86A 6K:G6<: 9:CH>IN /=>H 6AADLH NDJ ID 86A8JA6I: I=: CJB7:G D; HI:EH 6 E=DIDC I6@:H ID IG6K:A I=GDJ<= :68= H=:AA JG>C< :68= HI:E I=: E=DIDC IG6K:AH 6I I=: HE::9 D; A><=I HD NDJ 86C 86A8JA6I: I=: I>B: G:FJ>G:9 ;DG :68= HI:E 2=:C I=>H I>B: >H BJAI>EA>:9 7N I=: CJB7:G D; HI:EH I6@:C NDJ L>AA <:I =DL ADC< >I I6@:H I=: E=DIDC ID IG6K:GH: :68= H=:AA 6C9 7N 699>C< JE I>B:H ;DG 6AA I=: H=:AA NDJ L>AA <:I I=: IDI6A I>B: 6 E=DIDC C::9H ID :H86E: I=: .JC 2=:C I=>H G6C9DB L6A@ EGD8:HH >H 6EEA>:9 ID I=: >CI:G>DG D; I=: 688JG6I: .JC BD9:A BDHI 6<: D; HJCA><=I L>AA 7: 7:IL::C 6C9 N:6GH

# ! "! '"%

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô #Ô Ô Ô ".( Ô Ô Ô Ô %# '!Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô

N/6 56A6?5 @? E96 7@C6DE 2?5 E96 7@C6DE 56A6?5D @? FD O D DE2E65 3J ':E@ -G6?:3@ E96 7@C6DE :D 2 4CF4:2= A2CE @7 E96 2CE9 2?5 E@ 9F>2?D -?7@CEF?2E6=J 9F>2?D 2C6 56DEC@J:?8 E96 6?G:C@?>6?E 7@C E96:C @H? 36?67:E

,96 >2K@? 7@C6DE H9:49 :D E96 =2C86DE 7@C6DE :? E96 H@C=5 92D 366? 3FC?:?8 7@C >@C6 E92? H66<D "') C6D62C49 =36CE@ +6EK6C DE2E65 E92E N,96 5CJ D62D@? 4C62E6D 72G@FC23=6 4@?5:E:@?D 7@C E96 FD6 2?5 DAC625 @7 7:C6 3FE DE2CE:?8 2 7:C6 :D E96 H@C< @7 9F>2?D 6:E96C 56=:36C2E6=J @C 3J 244:56?E ,96C67@C6 =@ED @7 A6@A=6 2DDF>6 :E H2D DE2CE65 H96? E96 72C>6CD H6C6 3FC?:?8 E96 EC66D 5F6 E@ E96 724E E92E :E D E96 72C>:?8 D62D@?

"? >J @A:?:@? 3FC?:?8 E96 7@C6DE 7@C D6G6C2= 72C>6CD 36?67:ED H9:49 42? 42FD6 2 9F86 7:C6 =:<6 E96 4FCC6?E @?6 >FDE ?@E C6A62E

:CDE=J 923:E2ED 7@C 3@E9 2?:>2=D 2?5 A=2?ED 2C6 36:?8 56DEC@J65 J E9:D 4CF6= 24E:@? E9@FD2?5D @7 2?:>2=D 2?5 A=2?ED @C 6G6? >@C6 92G6 366? >2DD24C65 2?5 >@C6 E92? A6C 46?E @7 E96 7@C6DE :D 3FC?E ,9:D :D 2 D6C:@FD AC@3=6> :? 3@E9 E96 D9@CE E6C> 2?5 =@?8 E6C>

*:89E ?@H E96 >2K@? 7:C6 :D @?=J 2EE24<:?8 E96 2?:>2=D 2?5 A=2?ED =:G:?8 @? E96 8C@F?5 !@H6G6C 2D E:>6 8@6D 3J E96 2BF2E:4 923:E2ED 2C6 8@:?8 E@ 36 27764E65 2D H6== ,96 A@AF=2E:@?D 5:G6CD:EJ 2?5 E96 64@=@8J @7 2 H:56 G2C:6EJ @7 =:G:?8 @C82?:D>D H:== 36 :?7=F6?465 FCE96C>@C6 5F6 E@ E96 724E E92E E96 >2K@? 7@C6DE :D G6CJ =2C86 C6D62C496CD H@F=5 =@D6 E96 492?46 E@ 5:D4@G6C 2== E96 7=@C2 2?5 72F?2 :? E92E 2C62

+E:== ?@H252JD D4:6?E:DED 2C6 7:?5:?8 >@C6 2?5 >@C6 56?:K6?D E92E H6 42?ME 7:?5 :E 6=D6H96C6 !@H6G6C E9:D 8:82?E:4 7:C6 92D >256 :E 5:77:4F=E 7@C D4:6?E:DED E@ 4@?E:?F6 E96:C H@C< @? 7:?5:?8 2?5 D2G:?8 2?:>2=D 2?5 A=2?ED 2?5 92D 56DEC@J65 E96 H@C<D E92E E96 D4:6?E:DED 249:6G65 D@ 72C ,96 6?52?86C65 DA64:6D E92E @?=J 6I:DE :? E96 >2K@? 7@C6DE 2C6 5J:?8 @FE 2?5 D4:6?E:DED 762C E92E :E 42?ME 36 C64@G6C65 ,9:D 7:C6 92D 2 9F86 67764E ?@E @?=J @? E96 2?:>2=D 2?5 A=2?ED 3FE 2=D@ @? E96 A6@A=6MD =:76 2?5 962=E9

+64@?5=J E96 567@C6DE2E:@? @7 E96 >2K@? 7@C6DE H:== D@@? 27764E A6@A=6 2?5 E96 H@C=5 "7 E96 7@C6DE 4@?E:?F6D E@ 36 :? E96 7:C6 :E H:== D@@? 6?4@F?E6C E96 H@CDE D46?2C:@ E96 7@C6DE 5:6324< D E96 EC66D :? E96 EC@A:42= 7@C6DE 5:6D @FE E96C6 H@?ME 36 6?@F89 6G2A@C2E:@? 92AA6?:?8 ,96? @E96C D9@CE 7=@C2D =:G:?8 :? E92E 2C62 H@?ME 36 23=6 E@ DFDE2:? E96:C =:76 ,96 7@C6DE H:== 4@?E:?F6 E@ 5:6 @FE >@C6 2?5 >@C6 2D E:>6 8@6D 3J !F>2?D H@?ME 36 23=6 E@ 5@ >F49 E@ DE@A E9:D 4J4=6 ,@ D2E:D7J E96 8C665 @7 46CE2:? A6@A=6 H6 42?ME 8:G6 FA H92E 6G6CJ@?6 :? E96 H@C=5 92D C2K:=MD '2E:@?2= "?DE:EFE6 7@C +A246 *6D62C49 "') 92D C6A@CE65 2E =62DE

7:C6D :? E96 >2K@? D@ 72C E9:D J62C 2? :?4C62D6 @7 A6C46?E 4@>A2C65 E@ E96 D2>6 E:>6 =2DE J62C ,9:D :D 2 D6C:@FD AC@3=6> 3642FD6 E96 >2K@? C2:?7@C6DE A=2JD 2? :>A@CE2?E C@=6 :? C68:@?2= 2?5 8=@32= 4=:>2E6

,96C67@C6 2 7:C> D@=FE:@? E92E 42? AC@G:56 AC@E64E:@? 7@C E96 7@C6DE ?665D E@ 36 7@F?5 FE 7:CDE E96 >2K@? C2:?7@C6DE 7:C6 >FDE 36 DE@AA65 :? E96 7:CDE A=246

)6@A=6 2== 2C@F?5 E96 H@C=5 2?5 E96 C2K:= 8@G6C?>6?E ?665 E@ ECJ E@ D2G6 2D >F49 7@C6DE E92E :D =67E 2?5 ECJ E96:C 36DE E@ DE@A E96 @?8@:?8 7:C6 E92E H:== 42FD6 :CC6G6CD:3=6 92C> E@ E96 >2K@? 7@C6DE

+E6==2 06@> 062C ,92?<D E@ b 5:E@C =JD:2 26 6D:8?6C @>: )2C< ,96 =:>:ED @7 9F>2? 64@?@>:4 8C@HE9 @? A=2?6E 2CE9 92D 366? 6I4665:?8 @G6C E96 A2DE 46?EFCJ ,96 7:CDE @3DE24=6 :D E96 6?G:C@?>6?E2= 2?5 ?2EFC2= C6D@FC46 492==6?86D E92E 9F>2?D 7246 ,96 D64@?5 @3DE24=6 :D 492?8:?8 E96 <6J BF6DE:@? 7@C 4=:>2E6 D4:6?E:DED :? C646?E J62CD 92D 366? H96E96C E96 E=2?E:4 (462?MD >2:? 4:C4F=2E:@? DJDE6> :D D=@H:?8 5@H? 2 56G6=@A>6?E E92E 4@F=5 92G6 5C2>2E:4 4@?D6BF6?46D 7@C FC@A6 2?5 @E96C A2CED @7 E96 E=2?E:4 C:>

FE 2 ?6H DEF5J DF886DED 96=A >2J 36 @? E96 H2J 7C@> 2? F?6IA64E65 D@FC46 E96 "?5:2? (462?

,96 ?6H DEF5J :D E96 =2E6DE :? 2 8C@H:?8 3@5J @7 C6D62C49 E92E 6IA=@C6D 9@H 8=@32= H2C>:?8 >2J 2=E6C 8=@32= 4=:>2E6 4@>A@?6?ED DF49 2D E96 E=2?E:4 >6C:5:@?2= @G6CEFC?:?8 4:C4F=2E:@? &( &( :D @?6 @7 E96 A=2?6E D =2C86DE H2E6C 4:C4F=2E:@? DJDE6>D "E @A6C2E6D =:<6 2 =:BF:5 6D42=2E@C 56=:G6C:?8 H2C> H2E6C E@ E96 '@CE9 E=2?E:4 G:2 2? FAA6C =:>3 2?5 D6?5:?8 4@=56C H2E6C D@FE9 G:2 2 566A6C =:>3 =E9@F89 &( 92D 366? DE23=6 7@C E9@FD2?5D @7 J62CD 52E2 7C@> E96 A2DE J62CD 2D H6== 2D 4@>AFE6C >@56= AC@;64E:@?D 92G6 8:G6? D@>6 D4:6?E:DED 42FD6 7@C 4@?46C? &( 92D D9@H65 D:8?D @7 D=@H:?8 5FC:?8 E92E A6C:@5 3FE H96E96C :E :D 2 C6DF=E @7 8=@32= H2C>:?8 @C @?=J 2 D9@CE E6C> 2?@>2=J C6=2E65 E@ ?2EFC2= @462? G2C:23:=:EJ :D ?@E <?@H?

,96C6 :D ?@ 4@?D6?DFD J6E 3FE E96 :DDF6 @7 &( DE23:=:EJ D9@F=5 ?@E 36 ?68=64E65 ,96 >6C6 =:<6=:9@@5 E92E E96 &( 4@F=5 4@==2AD6 D9@F=5 36 2 DEC@?8 C62D@? 7@C 4@?46C? :? 2? 6C2 H96? 9F>2? 24E:G:EJ :D 7@C4:?8 D:8?:7:42?E 492?86D E@ E96 2CE9 D DJDE6>D N,96 =2DE E:>6 &( H62<6?65 DF3DE2?E:2==J H2D

E@

J62CD 28@ 2?5 :E 925 8=@32= :>A24ED 244@C5:?8 E@ 65@C@G @7 02=6 -?:G6CD:EJ

@C E96 ?6H DEF5J D4:6?E:DED 92G6 =@@<65 2E H2C>:?8 :? E96 "?5:2? (462? ,96 C6D62C496CD D2:5 E96:C >@56=:?8 :?5:42E6D 2 D6C:6D @7 42D425:?8 67764ED E92E DEC6E49 7C@> E96 "?5:2? (462? 2== E96 H2J @G6C E@ E96 E=2?E:4 D E96 "?5:2? (462? H2C>D 72DE6C 2?5 72DE6C :E 86?6C2E6D 255:E:@?2= AC64:A:E2E:@? ,9:D :? EFC? 5C2HD >@C6 2:C 7C@> @E96C A2CED @7 E96 H@C=5 :?4=F5:?8 E96 E=2?E:4 E@ E96 "?5:2? (462? /:E9 D@ >F49 AC64:A:E2E:@? :? E96 "?5:2? (462? E96C6 H:== 36 =6DD AC64:A:E2E:@? :? E96 E=2?E:4 (462? E96 C6D62C496CD D2:5 %6DD AC64:A:E2E:@? H:== =625 E@ 9:896C D2=:?:EJ :? E96 H2E6CD @7 E96 EC@A:42= A@CE:@? @7 E96 E=2?E:4 3642FD6 E96C6 H@? E 36 2D >F49 C2:?H2E6C E@ 5:=FE6 :E

,9:D D2=E:6C H2E6C :? E96 E=2?E:4 2D :E 4@>6D ?@CE9 G:2 &( H:== 86E 4@=5 >F49 BF:4<6C E92? FDF2= 2?5 D:?< 72DE6C

,9:D H@F=5 24E 2D 2 ;F>A DE2CE 7@C &( :?E6?D:7J:?8 E96 4:C4F=2E:@? 65@C@G D2:5 (? E96 @E96C 92?5 H6 5@? E <?@H 9@H =@?8 E9:D 6?92?465 "?5:2? (462? H2C>:?8 H:== 4@?E:?F6 "7 @E96C EC@A:42= @462?D H2C>:?8 6DA64:2==J E96 )24:7:4 42E496D FA H:E9 E96 "?5:2? (462? E96 25G2?E286 7@C &( H:== DE@A ,96 C6D62C496CD D2:5 E9:D =2E6DE 7:?5:?8 :==FDEC2E6D E96 :?EC:42E6 :?E6C4@??64E65 ?2EFC6 @7 8=@32= 4=:>2E6 D D4:6?E:DED ECJ E@ F?56CDE2?5 E96 F?7@=5:?8 67764ED @7 4=:>2E6 492?86 E96J >FDE 2EE6>AE E@ :56?E:7J 2== @7 E96 4=:>2E6 G2C:23=6D 2?5 >6492?:D>D E92E 2C6 =:<6=J E@ A=2J 2 C@=6 E96J 25565

,96C6 2C6 F?5@F3E65=J >2?J @E96C 4@??64E:@?D E92E H6 5@? E <?@H 23@FE J6E 65@C@G D2:5 /9:49 >6492?:D>D 2C6 >@DE 5@>:?2?E /6 C6 :?E6C6DE65 :? E92E :?E6CA=2J +4:6?E:DED 92G6 D@ 72C 4@>6 FA H:E9 E96 E96@CJ @7 E96 "?5:2? (462? 9@H E96 E6>A6C2EFC6 492?86 E96C6 H@F=5 2=D@ 3C:?8 67764ED E@ E96 E=2?E:4 (462? 2?5 @E96C A2CED @7 E96 H@C=5 D H6 2C6 :? E96 DE286 H96C6 4=:>2E6 492?86 :D AC6G2=6?E 2?5 F?AC65:4E23=6 D4:6?E:DED >FDE 4@?E:?F6 E@ 5:8 :?E@ 3@E9 E96 42FD6D 2?5 67764ED @7 E96 492?86D :? E96 E=2?E:4 (462? &@C6 C6D62C49 >FDE 36 5@?6 E@H2C5D E96 A2DE H96C6 E96C6 92D 366? 42D6D @7 6IEC6>6 4=:>2E6 492?86 2?5 =:?< E96> E@ E96 4FCC6?E 492?86D @7 E96 E=2?E:4 (462? )2CED :? E96 H@C=5 @E96C E92? E96 E=2?E:4 2?5 E96 "?5:2? (462? >FDE 36 @3D6CG65 >6E:4F=@FD=J "E :D ?2EFC2= E92E G:D:3=6 492?86D H:== 92AA6? :? E96 )24:7:4 2?5 +@FE96C? (462? D@@?6C @C =2E6C

+4:6?E:DED >FDE >2<6 DFC6 E@ 7:?5 62C=J D:8?D 3J <66A:?8 2 4=@D6 6J6 2?5 7:?5 @FE >@C6 23@FE E96 C6=2E:@?D9:A 36EH66? E96 8C@H:?8 492?86 @7 2== @462?D

G6C D:?46 E96 6C2 H96C6 D4:6?46 92D 7:CDE 366? C64@C565 2?5 6IA=@C65 ?F>6C@FD 492?86D 2?5 25;FDE>6?ED 92G6 366? >256 +FC6=J E9:D :?EC:42E6 AFKK=6 @7 E96 E=2?E:4 (462? 92D >2?J >@C6 D64C6ED E92E 92G6 ?@E J6E 366? :56?E:7:65 ,96 "?5:2? (462? >2J ?@E 36 E96 @?=J E96@CJ E@ 6IA=2:? E9:D

+4:6?E:DED 92G6 D@ 72C 4@>6 FA H:E9 E96 E96@CJ @7 E96 "?5:2? (462? 9@H E96 E6>A6C2EFC6 492?86 E96C6 H@F=5 2=D@ 3C:?8 67764ED E@ E96 E=2?E:4 (462? 2?5 @E96C A2CED @7 E96 H@C=5 D H6 2C6 :? E96 DE286 H96C6 4=:>2E6 492?86 :D AC6G2=6?E 2?5 F?AC65:4E23=6 D4:6?E:DED >FDE 4@?E:?F6 E@ 5:8 :?E@ 3@E9 E96 42FD6D 2?5 67764ED @7 E96 492?86D :? E96 E=2?E:4 (462? &@C6 C6D62C49 >FDE 36 5@?6 E@H2C5D E96 A2DE H96C6 E96C6 92D 366? 42D6D @7 6IEC6>6 4=:>2E6 492?86 2?5 =:?< E96> E@ E96 4FCC6?E 492?86D @7 E96 E=2?E:4 (462? )2CED :? E96 H@C=5 @E96C E92? E96 E=2?E:4 2?5 E96 "?5:2? (462? >FDE 36 @3D6CG65 >6E:4F=@FD=J "E :D ?2EFC2= E92E G:D:3=6 492?86D H:== 92AA6? :? E96 )24:7:4 2?5 +@FE96C? (462? D@@?6C @C =2E6C +4:6?E:DED >FDE >2<6 DFC6 E@ 7:?5 62C=J D:8?D 3J <66A:?8 2 4=@D6 6J6 2?5 7:?5 @FE >@C6 23@FE E96 C6=2E:@?D9:A 36EH66? E96 8C@H:?8 492?86 @7 2== @462?D

G6C D:?46 E96 6C2 H96C6 D4:6?46 92D 7:CDE 366? C64@C565 2?5 6IA=@C65 ?F>6C@FD 492?86D 2?5 25;FDE>6?ED 92G6 366? >256 +FC6=J E9:D :?EC:42E6 AFKK=6 @7 E96 E=2?E:4 (462? 92D >2?J >@C6 D64C6ED E92E 92G6 ?@E J6E 366? :56?E:7:65 ,96 "?5:2? (462? >2J ?@E 36 E96 @?=J E96@CJ E@ 6IA=2:? E9:D

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô ÔÔÔÔÔÔÔÔ Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô

% Ô Ô Ô Ô Ô Ô Ô $ %%$Ô Ô Ô ÔÔÔÔÔÔÔÔ $( % Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔ $ ) ,(

%³8+ & '+ $ ) 423;= H ") $I %&+ *,)- - + H37 $ %,+ * & + ))&)I> %"* +& % I* ) %+ - #&'$ %+* % *+)&' 0* *= + ³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

,% ) # % ) %* +* * %+ 0 ')&' ## % +* # &,+ & + &) + & + $&&% % &) %+ % +* # % + ) + ) + &%

+ % + # % ) '#&0* + # *= # % % ,) % + * ' * > %= + &%+ %, * +& ) E &% ,) % ) E&) %+ +* # = #&&" % &) + * *+ # % % *'&+ &% + $&&%I* ) + ) % )&, *,) > # ") $ . * * % +& +&, &.% + *' # ** + % 4$B*= + &''# ) + )&$ ) & + # * &' % + + )# % * % + + + + . * $&- % &- ) 72$B* * + '')& + #,% ) *,) >

++ $'+* & ) &%% + &% . + ") $

#+ &, ") $ #&*+ &%% + &% ,) % +* # % % ')& **= /' )+* *,*' + + + + # % ) +* # $ 0 %&+ #&*+< + # % ) . * *'&++ )&$ &) + C 0 % ) 0 %E3D> # % ) ) $ % ,% ) $ %+ = ,+ + . * + '' &%+& +* * > + &,# - '&** #0 &% .)&% ? &' ) +&) # + ) * &- ) &$$ % + ## % ") $ +& * ,+ & +* % % . * %+ ##0 * %+ ,) % + $ %, # &' ) + &% & # % % > % ##0= + % % *' ')& ) $ ) +&)= # * - -&& - % ', # #0 %%&,% + #,) & &%% + &% . + ") $> *' + *, #,) = % I* *' ')& ) $ & * %&+ * $ +& ) + + ##> % ,)) %+#0 * +.& * + ## + * &) + % )&,% + $&&%= % + '# %* +& &$'# + +* ')& + +& % . + ) % ) + $&&%I* &,+ &# 0 4245> ' % * &- )%$ %+ * #*& &## &) + % + ')& +> % I* $ + &,* &)+ % . + ) " &.%A 0 += % I* ,+,) * $* - )$&) ) +>

ttttttttttttttttttt ttttttttttttttttttt ttttttttt

tttttttttt

tttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttt

'(2 (2 3'$ -4,!$1 .% -4"+$ 1 !.,!2 3' 3 -#( -# *(23 - 6(++ ' 5$ 1$ #8 %.1 42$ !8 '(2 ,.4-3 (2 &1 5$ 3'1$ 3 -.3 .-+8 3. #.,$23(" "(3(9$-2 !43 +2. 3. 3'$ $-3(1$ 6.1+# +3'.4&' 1(3 (- '(- 1 -"$ -# +.-& +(23 .% ".4-31($2 /.22$22 $04 ++8 ' 9 1#.42 -4"+$ 1 6$ /.-2 -#( -# *(23 -;2 +.-& $-3 -&+$# '(23.18 .% ".-%+("3 /+ "$2 3'$, 3 +(*$+8 " 42$ .% , 22 #$2314"3(.- (3' #$" #$2 .% 3$11(3.1( + #(2/43$2 .5$1 3'$ 2',(1 1$&(.- %1$04$-3 3$11.1(23 33 "*2 3' 3 ' //$- !.3' 6 82 -# -4,$1.42 6 12 (- 3'$ 3' "$-3418 3'$ -#( *(23 - ".-%+("3 (2 -. +.-&$1 .-$ 3' 3 6$ " - (&-.1$ -$6 234#8 ".-#4"3$# !8 1$2$ 1"'$12 3 3'$ -(5$12(38 .% .+.1 #. .4+#$1 -# 43&$12 -(5$12(38 (-2/$"32 '.6 /.3$-3( + %4341$ ".-%+("3 ".4+# ' 5$ ".-2$04$-"$2 3' 3 "1(//+$ 3'$ &+.!$

413'$1,.1$ 1$2$ 1"'$12 " +"4+ 3$# 3' 3 3'(2 6 1 6.4+# (-)$"3 4/ 3. < !(++(.- /.4-#2 .% 3'("* !+ "* 2,.*$= (-3. 3'$ $ 13';2 3,.2/'$1$ '$ !+ "* " 1!.- 2,.*$ 6.4+# 1(2$ 3. 3'$ 31./.2/'$1$ 3'$- 3. 3'$ 231 3.2/'$1$ -# 6.4+# #(2/$12$ 6(3'(- 6$$*2 '$ /1$2$-"$ .% 3'$ 2,.*$ 6.4+# " 42$ 3'$ !+."* &$ .% 24-+(&'3 1$ "'(-& 3'$ &1.4-# -# 6.4+# +.6$1 3'$ 5$1 &$ 3$,/$1 341$ !8 //1.7(, 3$+8 #$&1$$2 "$+2(42 '$ !14/3 "' -&$ (3$,/$1 341$ 6.4+# " 42$ 6.1+#6(#$ %..# 2'.13 &$ -.3 #(1$"3+8 !43 2 2$".-# 18 $%%$"3 3' 3 ".4+# + 23 %.1 ,4+3(/+$ 8$ 12 4"' " + ,(38 ".4+# !$ 24%%("($-3+8 5.(#$# !8 1$,.5(-& 3'$(1 -4"+$ 1 6$ /.-2 -# 3'$1$ 1$ "3(5(232 6'. #$, -# &.5$1-,$-32 3. #. 2. $3 6$ ,423 -.3 %.1&$3 3' 3 2 +.-& 2 -3 &.-(23(" &+.! + 1$+ 3(.-2 /$12(23 3'$ 2/$"31$ .% &+.! + 6 1% 1$ 6(++ -$5$1 #(2 //$ 1 '$ -#( *(23 -( 1$+ 3(.-2'(/ (2 .-+8 .-$ ,.1$ 1$ 2.- %.1 "../$1 3(5$ &+.!$

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô

%%$ , $ ÔÔÔÔÔ Ô Ô ÔÔÔÔÔÔÔÔÔÔÔ $ %%$ÔÔ Ô ÔÔ $( % Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔÔÔÔÔÔÔÔÔ Ô $ ) ,(Ô

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

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

) %, & ! # %&"! "! ' %' & % &#"!& "% ' "! " ! " * % ! " &, &' #& (& ! ,"(% #( '% !&#"%' ' "! % ' % ' ! ,"(% "*! % ! % , ! ' % ' ' % & ! ! ' %' "* & ' '" % "(' "(% ) ( # ! ' "% ' ! !,' ! &

WriterttttttttttttttttEditorttttttttttttttttttDesigner Juyeon Mat t t t Sean Yoonttttttttt Sean Yoon t t t t t t t t t t t t t t t t t t t t t t t t t t t t ttInformative Article

MOSAiC Expedition-A year-round expedition around the Arctic As Arctic climates rise at a rate twice of the rest of the planet, its glaciers are melting at a frightening rate of 300m per year. Global warming has now risen as one of the most urgent issues in the world, fueling scientists all around the globe to halt its progress. The first world-scale project for this purpose, MOSAiC (Multidisciplinary drifting Observatory for the Study of Arctic Climate) mission has been spearheaded by the Alfred Wegener Institute (AWI) of the Helmholtz Centre for Polar and Marine Research. The European Space Agency (ESA) has already extolled it as ”the biggest shipborne polar expedition of all time.” Evidently, the project is happening on an unprecedented scale and accuracy.

Scientists of this mission expect to holistically scrutinize all aspects of the Arctic, including the ice, ocean, atmosphere, and even the wildlife. Even the most subtle changes in such areas will be documented to provide data for an Arctic melting model. Surely, a rigorous investigation would be necessary to verify future predictions and probe the impacts of climate change.

Although a myriad of instruments is pivotal for this project, the backbone of this project is the RV Polarstern - a German icebreaker laden with scientific instruments close to the North Pole in winter. Even the location of such equipments was carefully chosen after a period of thorough investigation using satellite images, historical records, and helicopter survey flights. The investigation process also incorporated days of crisscrossing ice on snow machines and sleds. RV Polarstern departed from Tromso in September

and finally dropped anchor at an oval-shaped floe of about 1.5 miles in diameter in the northern Laptev Sea. The floe looked mostly dark when viewed from space, but they had several feet of firm ice when researchers surveyed a bright white region in the floe’s northern edge. This stable area was named “the fortress.” RV Polarstern is going to spend the next 12 months floating with the floe across the central Arctic, and will be locked solid until September or October next year in the ice. It will probably drift past the North Pole and be in water somewhere in the Fram Strait by the time.

The Polarstern will house up to 100 scientists - oceanographers, geophysicists, meteorologists, biologists and a host of other researchers. The information they gather will further shared with the MOSAiC collaborators and then with scientists all over the world.

The first task for the scientists was to set up a camp before the six-month Arctic night approached as the sun would no longer rise above the horizon and all daylight would disappear in this period. The camp was planned to be the hub of the whole expedition with large scale research facilities addressing key aspects of the coupled Arctic climate system.

This project is not only assisted by the number of scientists but also by the techniques - research aircrafts, helicopters, research and supply cruise.

.+ 1 -# .+ 1 6'("' 1$ 3'$ $1, 1$2$ 1"' (1"1 %3 1$ /+ --$# 3. !$ ./$1 3$# 3. ".,/+$,$-3 3'$ ,$ 241$,$-32 3 3'$ "$-31 + ( 2(3$ $2$ 1"' -# 24//+8 "14(2$2 !8 ("$!1$ *$12 6(++ +2. /1.5(#$ 24//.13 %.1 .+ 123$1- '(2 6(++ $73$-# 3'$ &$.&1 /'(" + - +82(2 .% 3'$ .!2$15 3(.-2 -# 6(++ +(-* 3'$ ,$ 241$,$-32 3. 3'$ 1"3(" "+(, 3$ 2823$, !8 $7/+.1(-& &+.! + %$$#! "* $+("./3$12 1$ 2$3 4/ 3. !1. #$- 3'$ 2/$"314, 3. 1$2/.-2$ %.1 /.3$-3( + $,$1&$-"8 (- 3'$ $7/$#(3(.- '$ 2"($-3(232 1$ $7/$"3(-& 3'$ 1$24+3(-& ".++$"3(.- .% # 3 3. !$ <3'$ +$& "8 .% 3'(2 $7/$#(3(.-= 2 $1.5("' 13,.43' &$./'82("(23 -# .-$ .% 3'$ ". +$ #$12 %.1 ( ;2 2$ ("$ $7/$1(,$-32 2 (# ' 3 6$ " - &$3 %1., 3'$ $7/$#(3(.- (2 &(& -3(" $5$- ,.1$ 3' - 6$ $7/$"3 '(2 (-5$23(& 3(.- 3. (,/1.5$ 3'$ 4-#$123 -#(-& .% 3'$ /1."$22$2 -# $-$1&8 %+.62 !$36$$3'$ ."$ - ("$ 2-.6 -# 3,.2/'$1$ 6(++ ".-31(!43$ 3. /1.#4"$ ,.1$ ""41 3$ ,.#$++(-& .% %4341$ 1"3(" "+(, 3$ 2"$- 1(.2 413'$1,.1$ 3'$ 4/# 3$# 4-#$123 -#(-& .% 3'$ 1"3(" $-5(1.-,$-3 6(++ %%$"3 /.+("8 #$"(2(.-2 .- "+(, 3$ "' -&$ ,(3(& 3(.- -# # /3 3(.- -# %.1 2$33(-& 4/ %1 ,$6.1* %.1 , - &(-& 1"3(" #$5$+./,$-3 2423 (- !+8

(& 1"3(" $2$ 1"' 7/$#(3(.- .43$

(& .+ 123$1-

' ) 'Ô Ô Ô Ô Ô Ô Ô )%'Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔ ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô )' ! Ô Ô "" # %$ Ô Ô $ %%$ Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔ ÔÔÔ *$ $ )(

) ,"( % " (%# ,?& *9 " +# ! (%# ,?& * ! "! & !' ! 7 > !,' ! ! " *%"! 7 ' * 8? % & !" &( ' ! & > ( ? ! ' " # ,& &7 "% ' "& * " ) ( & % 8 "( ' ) !"' ' ' * ! ,"( %"# ,"(% # "! "% & " % 7 ' %"' ' & * ' & "% '' ! ' ""%8 ! "!& % ! ! " '&7 * & "( ' ! "(' ' &# " %"' ' "! ! ' ' ' %"#&8 & '"%& ' % ! "* !, ' & ,"(% ! " ' %"' ' &8

'?& ' ' & " % 7 "% + # 8 % 7 "(% &( '7 & ' " /4. 8 % &( ,7 *"( " ! ' % ' "(' & &'" 7 "(' //. ' '8 % &#% & "!'" & & 7 ! (&' "% '& & "(& % &'7 % & #& "! ! ! # 8 % ) ' ' "! % ' "! " ' %' & "(' 685/ &B=08 ! ' ) " ', " ' % & .7 (' "! % &' %'& ! 7 ' ;' % < &' %'& '" & % ) ', ' & " 8 & % % & &' ! & !"' & ! !' % 7 *"( + ( ' '& " % % & &' ! "! ' % 8 !7 ' ' ' & " % ' & '" & "(' .8241 & "! &8 & & !"( ' "% ' % '" %"' ' "! ! ' &8 "!& $( !' ,7 ' % ! & "! ' & * % &#% & 8

! ' & & '( ' "!7 & ' % !, * , "% #""% % '" & # ' & % ) ' ! # !" !"!9 7 ' , %' ! , % * ,&7 (' !, " ' "& % & ! % "& (!% &' 8 % 7 "% &" % &"!7 %"#& ' % ' ' ' " 1 ' %& A7 ' % * %"' ' '*" ' & ! ! "! ' !"!= & 8 !"' % & ! % " &7 % "( ' && ) & " % 8 & & *"( !?' '" %"' ' ( %"' ' "! "% ! ! "! ' %"(! 8 "* ) %7 ' &7 '""7 & & ) %, (!% &' 8 , *"( "! * !' '" ' && ) & " % ! ' %&' # 9 & & (& '" ' ! ! ' "&' % ' "! ' " 8 ! % &' %'& ! ;* ! & ## ! "! ' ! ! # <7 "( ' %"* ' % "% -"!' , ' ") % /83 &B=/8 (& ' % * '% )

"% -"!' , "% * "% %"' ' ! 7 ' * "! , '" '(%! "! ( ' 7 (& ! ' % '" ! "! ' !"!= & 8 % & ! "% ' '" &' * ,& ! ! "! ' & 8 ' & ' ('' % '" &' # !" !"!8 "% ' & !' % &"! ! ! ' & * & & ") % 7 ' ('' % '" &' # !" !"! * & % , % % & # && &' 7 ! ' '% '" #%") ! ' % /66/ &'( , ' ' ' # % !' * & % '% %,8 "* ) %7 ' * &!?' (!' /6637 * % " %' '' *& & ") % ' & !' % &"! ! ! ' & ('' % '" &' # !" !"!8 '' *& % ) " % - "% # ,& & "% & & ") %,8

"7 ' ! +' ' ,"( % - ' ' ,"( % "(' '" * ' ('' % '" &' "% # "! ! ! 7 " !"' # ! ! ' %"* ' " ' !'" ' % "% -"!' , ! % ( ,8 "' &'%"! !"( &" ' ' ' & ! % & & !'" ' ! "% ! " ' (' (&' !"( "% ' '" '% ) ") % /83 &B=/8 (%# ,?& * & % : "* ) %7 ' !?' !' # ' "% ' ! !'" "(!'8

!

( *"' ( $ ) & & "( & ! 7 4 *"' 4 " *"' $ $ ") & % # "& )$ 7 %4 & * ' # !&" ' $ " & ! ! & " & " !3 ! & !"$& " & " !4 ) ! %#"& % ( $ ' $ % " & ! "! ) & $3 ! $ 4 ! & % " & "!4 % $ # " $ % ) & $ $" ! ")! $" & $% ! % 3 * $ 4 & $ "! % ! & %& .,, 8 /,, & $% $"%%3 '& *"' !") & & "'& 2-30; " ! $ % '! $! & & " ! %'$ 7 ) # $ % & % & "& $ ) *4 & ' $ % & & ) % $ "! * 13.; " & &"& ' % " & ! ! & # " !3

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

' ) 'Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô ÔÔÔÔÔÔÔ ÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔÔ )%'Ô Ô Ô Ô Ô Ô Ô Ô Ô ( $ 'Ô Ô Ô Ô Ô Ô Ô Ô " %$/ " . #/ , .%*$ $Ô Ô ÔÔÔ Ô $ %%$ÔÔ Ô ÔÔÔÔ $( % Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô Ô % #

"

Ð

" Ð

$ # " !!#Ð

6 EGD<G:HH>K: 9>H:6H: D; I=: C:GKDJH HNHI:B B6G@:9 7N IG:BDGH BJH8JA6G G><>9>IN 6C9 HADL >BEG:8>H: BDK:B:CI 8=>:;AN 6;;:8I>C< B>99A: 6<:9 6C9 :A9:GAN E:DEA: +6G@>CHDC H >H:6H: >H 6HHD8>6I:9 L>I= 9:<:C:G6I>DC D; I=: 76H6A <6C<A>6 D; I=: 7G6>C 6C9 6 9:;>8>:C8N D; I=: C:JGDIG6CHB>II:G 9DE6B>C:

"G69J6A 7G:6@9DLC D; C:GK: 8:AAH 'DHH D; 9DE6B>C: EGD9J8>C< C:JGDCH ĺ HNBEIDBH 'DHH D; C:GK: :C9>C<H EGD9J8>C< CDG:E>C:E=G>C: ĺ CD 8DCIGDA DK:G 6JIDB6I>8 ;JC8I>DCH 6C9 BDK:B:CI 0C@CDLC ĺ <:C:H :CK>GDCB:CI

<: 8DBBDCAN HI6GIH >C B>99A: A6I: A>;: ĺ G>H@ >C8G:6H:H L>I= 6<: G6E>9 + 9:K:ADEB:CI 6<: #:G:9>IN ":C:I>8H G:A6I>K:H L>I= +6G@>CHDCUH ĺ >C9>K>9J6A >H <:C:I>86AAN BDG: EGDC: G>H@H 6G: HI>AA HB6AA JCA:HH B6CN 8ADH: G:A6I>K:H 8DCIG68I:9 >I .:M B6A: ;:B6A: BDG: A>@:AN QHIGD<:C EGDI:8IH C:GKDJH HNHI:B MEDHJG: ID IDM>CH 8DCHI6CI :MEDHJG: ID =:G7>8>9: E:HI>8>9: 8=:B>86AH 6;;:8I 8:AA G:<:C:G6I>DC H>B>A6G EGD8:HH ID +6G@>CHDCUH

./ ) - .4(+/*(. /G:BDGH -><>9 BJH8A:H $BE6>G:9 EDHIJG: 6C9 76A6C8: 'DHH D; >CKDAJCI6GN BDK:B:CIH .E::8= 8=6C<:H

3/- ( .4(+/*(. ADD9 EG:HHJG: 8=6C<:H NH;JC8I>DC6A H:CH: D; HB:AA =GDC>8 ;6I><J: +6>C .:MJ6A 9NH;JC8I>DC

/- / ' .4(+/*(. /=>C@>C< 9>;;>8JAI>:H :EG:HH>DC 6C9 :BDI>DC6A 8=6C<:H >;;>8JAIN HL6AADL>C< .A::E>C< 9>HDG9:GH M8G:IDGN EGD7A:BH

./ " (>CDG 8=6C<:H >C EDHIJG: L6A@ 6C9 ;68>6A :MEG:HH>DC

./ "

./ "

./ "

./ "

.E::8= 9>;;>8JAI>:H

(6?DG IJGC>C< ED>CI

>;;>8JAIN 8DBEA:I>C< 96>AN I6H@H

.I6C9>C< 6C9 L6A@>C< >BEDHH>7A:

;;:8IH P E:G D; EDEJA6I>DC 6I 6CN I>B: BDG: 8DBBDC >C B:C I=6C >C LDB:C +G:K6A:C8: >C8G:6H:H L>I= 6<: ĺ 6;;:8IH D; I=: EDEJA6I>DC 67DK: I=: 6<: D; D; I=: EDEJA6I>DC 67DK: I=: 6<: D; #>HE6C>8 )DC #>HE6C>8 2=>I: H>6C A68@ B6N 7: 9J: ID A68@ D; G:H:6G8= HI6I>HI>8H

$ .IJ9N BDG: I=6C 6C>H= EDA>D E6I>:CIH I=GDJ<= I=: A6HI 8:CIJGN L6H GDJ<=AN IL>8: 6H A>@:AN ID 9:K:ADE +6G@>CHDC H 9>H:6H: DK:G I>B:

)D 9>G:8I A>C@ 7JI =6H >CI:G:HI>C< 8DCC:8I>DC S EDA>DBN:A>I>H 9:HIGDNH C:GK: 8:AAH L=>A: + G:HJAIH ;GDB 7G6>C 8:AAH CDI EGD9J8>C< 9DE6B>C:

$I >H EDHH>7A: I=6I EDA>D B6N =6K: 96B6<:9 :CDJ<= 7G6>C 8:AAH ID LDGH:C I=: ADHH D; C:JGDCH C:GK: 8:AAH CDGB6AAN D88JGH L>I= DA9 6<: L=>8= A:6K:H DG<6CH KJAC:G67A:

"! # CI> K688>C6I>DC BDK:B:CI DC I=: G>H: >C +6@>HI6C AI=DJ<= HJ7IA: I=>H 8DJA9 B:6C 6 G:HJG<:C8: >C +DA>D DC 6 <AD76A H86A: T$; L: HIDEE:9 I=: :MIG6 :;;DGIH L: 9D ;DG EDA>D

L:U9 =6K: 6 7>< G:HJG<:C8: U S G 26AI:G *G:CHI:>C 8DCHJAI6CI ;DG "AD76A +DA>D G69>86I>DC $C>I>6I>K: +6G@>CHDCUH B6N 6AHD ;68: 6C >C8G:6H: >C EG:K6A:C8:

" $

! $ $ ! #

! " !

! !

"DDF6 +4:6?46 2?5 E96 2CE9

%F4:5:EJ H@F=5 =:<6 E@ 8:G6 DA64:2= E92?<D E@ E96 D@4:6E:6D 2?5 6?E6CAC:D6D H9@ 4@?EC:3FE65 E@ E9:D "DDF6

)6?8F:? .:==286 ,62>

+@7E 4@A:6D @7 "DDF6 2?5 b 2C6 2G2:=23=6 96C6 @? @FC H63D:E6 9EEAD ?=4D=F4:5:EJ H:ID:E6 4@> ?=4D=F4:5:EJ

0C #@:? %F4:5:EJ @? ,F6D52J 0C 2?5 23@G6 @?E24E 6>2:= D9J@@? AFA:=D ?=4D;6;F <C >D492 AFA:=D ?=4D;6;F <C 2463@@< >6DD286 +6@?89JF? 0@@? &:?D6@ 92

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.