<$+6! -(6! 0+('.P+(6! 6('1.)(6! -(! *+1.*('()*=! 27C$+'$)(! -(! %+$.661)%(! 0(&*! ()*+1?)(+! %C(J! %(+*1.)6!
()>1)*6!&)(!+,*()*.$)!-7(1&!(*!-(!6(2=!1O(%!+1+('()*!-(6!FH>K)86)?L?6)MDN:6E?647934)94?EHGEO496446)
;549P46Q)$&!&)(!CD0(+*()6.$)!1+*,+.(22(!*+1)6.*$.+(@!<(!*+1.*('()*!0(&*!`*+(!'$'()*1),'()*!1++`*,!
01+! 2(! 60,%.12.6*(! $&! 2(! ',-(%.)! *+1.*1)*=! 0&.6! +(0+.6! Y! -$6(6! 0+$/+(66.O(6@! <7C$+'$)(! -(! %+$.661)%(!
)7(6*!016!&)(!%1&6(!-(!'1&N!-(!*`*(!1&!-(2Y!-(!%(6!0+('.P+(6!6('1.)(6@!
<7&*.2.61*.$)!-(! 27C$+'$)(! -(! %+$.661)%(!%C(J!2(6! ()>1)*6! 1**(.)*6! -&!0N48E3F6)86) 1EH86ERS9<<9! E;&.!
%$'0$+*(! 01+! 2&.K'`'(! &)!+.6;&(! -(! '$+*! 6&9.*(! (*! -(! *+$&92(6! +(60.+1*$.+(6! -&! 6$''(.2H! 1! ,*,!
6&60()-&(!01+*.(22('()*!(*!*+1)6.*$.+('()*!Y!21!6&.*(!-(!;&(2;&(6!%16!-(!-,%P6@!!
X)(!H<<6EP96!Y!27C$+'$)(!-(!%+$.661)%(!(6*!(N%(0*.$))(22(@!W2!0(&*!D!1O$.+!-(6!E5HG?9347)G>?H4567!1&N!
0$.)*6!-7.)b(%*.$)=!;&.!-.601+1.66()*!()!O1+.1)*!2(6!6.*(6!-7.)b(%*.$)@!<1!+,0,*.*.$)!-(6!.)b(%*.$)6!6&+!&)!
6(&2!6.*(!0(&*!()*+1?)(+!&)(!1*+$0C.(!2$%12(!-&!*.66&!/+1.66(&N!E2.0$1*+$0C.(H@!
IC(J!2(6!()>1)*6!1**(.)*6!-(!7G3<9376=!27C$+'$)(!-(!%+$.661)%(!)71//+1O(!016!21!6%$2.$6(=!'1.6!%(22(K%.!
0(&*!,O$2&(+!01+!(22(K'`'(=!%$''(!%C(J!*$&6!2(6!()>1)*6=!()!6&.O1)*!271%%,2,+1*.$)!-(!21!%+$.661)%(@!
<(!*+1.*('()*! 1! ,*,!6&60(%*,!-7()*+1.)(+!&)(!1&*+(!%$'02.%1*.$)!$66(&6(=!<T5:9:DN793<N76) 86) <H) ?L?6)
U5F3EH<6)MDH4GD6Q=!'1.6!%(%.!)71!016!,*,!%$)>.+',!()!-(C$+6!-(6!%16!+1+(6!$e!27()>1)*!1O1.*!+(5&!-(!21!
+1-.$*C,+10.(!0$&+!&)(!1&*+(!'121-.(@!#(6!83><6>E7)HE?9G><H9E67!6$)*!6$&O()*!+(66()*.(6!01+!27()>1)*!
()!0,+.$-(!-(!%+$.661)%(!61)6!+100$+*!1O(%!27C$+'$)(!-(!%+$.661)%(@!
<7C$+'$)(!-(!%+$.661)%(!)7.)-&.*!016!-(!89H;V?6@!822(!1&/'()*(!2(6!*1&N!-7.)6&2.)(=!(*!0(&*=!-1)6!-(!
+1+(6!%16=!1&/'()*(+!'$-,+,'()*!21!/2D%,'.(@!I(**(!,2,O1*.$)!-(!27.)6&2.)(!(6*!*+1)6.*$.+(!(*!-.601+1?*!
Y!271++`*!-&!*+1.*('()*@!<7C$+'$)(!-(!%+$.661)%(!)(!>1.*!016!/+$66.+f!(22(!1&/'()*(!&)!0(&!21!'166(!
'&6%&21.+(!(*!-.'.)&(!21!'166(!/+166(@!S&%&)!+,/.'(!12.'()*1.+(!01+*.%&2.(+!)7(6*!+(%$''1)-,!6$&6!
*+1.*('()*@!!
!
<7C$+'$)(! -(! %+$.661)%(! 6*.'&2(! 21! %+$.661)%(! (*! 21! '&2*.02.%1*.$)! -(! %(+*1.)(6! %(22&2(6! )$*1''()*!
01+!2(!9.1.6!-(!27WT4"!;&.!(6*!&)!>1%*(&+!-(!%+$.661)%(!%(22&21.+(@!8)!*C,$+.(=!-(6!*1&N!,2(O,6!-7WT4"=!-(!
>15$)!0+$2$)/,(=!0$&++1.()*!>1O$+.6(+!21!6&+O()&(!-(!*&'(&+6@!!8)!(>>(*=!.2!(N.6*(!&)!+.6;&(!1%%+&!-(!
%1)%(+6!%C(J!2(6!'.22.$)6!-(!01*.()*6!1-&2*(6!$9P6(6!-$)*!2(!*1&N!-7WT4"!(6*!,2(O,@!X)(!1&*+(!'121-.(!
-(! 271-&2*(=! 271%+$',/12.(! ,2PO(! 2(6! *1&N! -7WT4"! (*! (6*! 166$%.,(! Y! &)! +.6;&(! -(! 0$2D0(6! %$2.;&(6! (*!
6('92(K*K.2=! -(! %(+*1.)6! %1)%(+6! -&! %$2$)@! #1)6! 21! 0$0&21*.$)! /,),+12(=! -(6! *1&N! ,2(O,6! -7WT4"!
6('92()*! 166$%.,6! Y! &)(! 0(*.*(! 1&/'()*1*.$)! -&! +.6;&(! -(! %1)%(+! -(! 21! 0+$6*1*(@! ^1.6! GD6W) <67)
64UH4?7) HNH4?) 5?5) ?EH9?57) :HE) <TD3EF346) 86) GE3977H4G6)H>G>46) H>PF64?H?934) 86) UE5X>64G6) 86)
GH4G6EY)49)86)E5G989Z6)8T>46)?>F6>E):E5R6K97?H4?)H>)?EH9?6F64?):HE)D3EF346)86)GE3977H4G6)4TH)5?5)
85?6G?56[) -6) E6G><) 67?) H::E5G9H;<6) GHE) <TD3EF346) 86) GE3977H4G6) H) 5?5) :E67GE9?6) \) :<>7) 86) BAA)AAA)
64UH4?7)86:>97):<>7)86)@])H47[!X)!+(%&2!02&6!.'0$+*1)*!-1)6!2(!*('06!+(6*(!),%(661.+(!0$&+!+,0$)-+(!
-,>.).*.O('()*! Y! %(**(! ;&(6*.$)@! X)(! ,*&-(! .)*(+)1*.$)12(! Y! 2$)/! *(+'(! (6*! 0$&+6&.O.(! %C(J! 2(6!
01*.()*6!1&b$&+-7C&.!d/,6!-(!AB!Y!gB!1)6!1D1)*!,*,!*+1.*,6!01+!C$+'$)(!-(!%+$.661)%(!1O1)*!"hhi!-1)6!
02&6.(&+6!01D6!(&+$0,()6@!I(**(!,*&-(!1!,*192.!;&7.2!)7D!1O1.*!1%*&(22('()*!016!-71&/'()*1*.$)!-(!21!
'$+*12.*,@!822(!1!.)O12.-,!&)(!1)12D6(!1)/21.6(!()!ZBBZ!0&.6!&)(!1)12D6(!>+1)51.6(!()!ZBBh=!;&.!1O1.()*!
,O$;&,!&)!+.6;&(!6&+!-(6!0$0&21*.$)6!02&6!0(*.*(6@!
R,1)'$.)6=! 0+()1)*! ()! %$'0*(! %(6! -.>>,+()*6! ,2,'()*6=! (*! 01+! 0+,%1&*.$)=! .2! (6*! +(%$''1)-,! -(!
6&+O(.22(+! 2(! *+1.*('()*! 01+! C$+'$)(! -(! %+$.661)%(! 01+! 21! '(6&+(! +,/&2.P+(! -&! *1&N! -7WT4"! ;&.! -$.*!
`*+(!'1.)*()&!-1)6!2(6!2.'.*(6!-(!21!)$+'12(!0$&+!27d/(=!()!-(C$+6!-(6!6.*&1*.$)6!+1+(6!-(!+,6.6*1)%(!Y!
27WT4"!$e!2(!*1&N!%.+%&21)*6!6$)*!-,bY!,2(O,6@!!
!
<7(>>(*!-(!27C$+'$)(!-(!%+$.661)%(!6&+!2(!6D6*P'(!%1+-.$O16%&21.+(!(6*!-.>>.%.2(!Y!,O12&(+@!#7&)(!01+*=!
27C$+'$)(!-(!%+$.661)%(!1!&)!(>>(*!9,),>.;&(!6&+!21!'$+9.-.*,!%1+-.$KO16%&21.+(!-(6!01*.()*6!1D1)*!&)!