The Artificial Intelligence (AI) Hermeneutic Network: Toward

!"#"$%&'()*%+"$",-'.//0
.#,+$*(*1#5)($0#*.A$R0$*11.#&&),2$&#?#.*:$.#('55#,1*S
.-%$*"F'%7".>+"3$)1"'+0%'."%F".>+"KMNT"M%77-**-%$"%$"
40R#.),-.*&+.3(+3.#A$.#:#*&#1$),$EHH[_$
|J}$"++6Xff1)2):)R_R3_#13f5)&&)',f$
M8)"@$&%:'%32"+,&)22%.),')"V@+W"
(,4*,+,)$"5'Y,$M24TO''L2M%4C'
%+'6EE42%5='$2'6+%&A-"-'%+C'
!,-"#+'23'8+$,+$"2+%&'GA-$,*-'
`"5=,+'d=)'
\#'.2)*$K,&+)+3+#$'-$!#(",':'20$
^-(>+$BY>&I1((B2).+(>B+A&
$
!Q'\2K'(%44,&&>'9=Q!Q''
\#'.2)*$K,&+)+3+#$'-$!#(",':'20$$
F%gB>)''+11I1((B2).+(>B+A&"
„K$-#:+$+"*+$K$&"'3:1$R#$*R:#$+'$2#+$+"#$('563+#.$+'$&'3,1$
2''1$5'.#$'.$:#&&$',$)+&$'M,A$&'$+"*+$&'5#',#$:)&+#,),2$
.%"-."*)?*,"cC>%"-*".>)."01)?-$2ad"D&."-F"?%&"2+."cC>).<*"
.>).ad"-$*.+)A,"?%&">)E+".%"2%"/)(8".%".>+"A')@-$2"/%)'AB<"
N/#M)&A$EHHHO$
67-$4%5$'
9
)2)+*:$ ),-'.5*+)',$ +#(",':'2)#&$ *.#$ ),(.#*&),2:0$
R#),2$ *1'6+#1$ ),$ +"#$ "35*,)+)#&$ *&$ R'+"$ .#&#*.("$
+'':&$*,1$&366'.+&$-'.$,#M$-'.5&$'-$(3:+3.*:$#d6.#&&)',_$
T%7+"%F".>+*+"A-2-.)1".+(>$%1%2-+*,"-$"0)'.-(&1)'")'.-3(-)1"
),+#::)2#,(#$ N%KO$ 6.'2.*5&A$ #d")R)+$ ('56:#d$ R#"*?)'.&$
3&3*::0$ &##,$ *&$ +"#$ +#..)+'.0$ '-$ ),+#,+)',*:$ "35*,$ 6"#S
,'5#,*A$&3("$*&$(.#*+)?)+0A$6:*,,),2$*,1$:#*.,),2_$!")&$
0)0+'"-A+$.-3+*")"0'%.%.?0-()1"*&/*+."%F".>+*+"0'%2')7*,"
M")("$M#$,*5#$-,3/,3-",&'(0H03/60A$*,1$*.23#&$+"*+$+"#).$
&##5),2:0$-,3/,3-",&'(R#"*?)'.&$*.#$,'+$+"#$&':#$#--#(+$'-$
3,1#.:0),2$*:2'.)+"5)($('56:#d)+0$*,1$C,'M:#12#$#,2)S
,##.),2$6.*(+)(#&$-.'5$('563+#.$&()#,(#_$K,$(',+.*&+A$M#$
)'2&+"_0)')11+1-$2".>+"3+1A"%F"*%F.@)'+"*.&A-+*`".>)."-$S
+#,+)',*:$&0&+#5&A$*,1$1)2)+*:$&0&+#5&$*+$:*.2#A$,##1$+'$R#$
*,*:0`#1$*&$*$(',+#56'.*.0$-'.5$'-$")&+'.)(*::0A$(3:+3.S
*::0A$&'()*::0A$*,1$+#(",)(*::0$&)+3*+#1$3/K30_$B#.(#6+)',$
'-$ &0&+#5$ ),+#,+)',*:)+0$ *.)&#&$ -.'5$ *$ ,#+M'.C$ '-$ (',S
.-$&%&*"7+)$-$2"+g(>)$2+"/+.@++$"*?*.+7")&.>%'*<"$)'S
').-%$")$A"&*+'*<"-$.+'0'+.).-%$"0'%(+**+*"+7/+AA+A"-$")"
R.'*1#.$ &'()*:$ (',+#d+_$ !"#$ (#,+.*:$ (',+.)R3+)',$ '-$ +")&$
6*6#.$ )&$ *$ ,#M$ ),+#.1)&()6:),*.0$ *,*:0+)(*:$ -.*5#M'.C$
(*::#1$ +"#$ =Z( ;/*6/,/53-%( ,/3B"*X( +"*+$ )&$ ),-'.5#1$ R0$
+.*1)+)',&$'-$"#.5#,#3+)($*,*:0&)&A$*(+'.S,#+M'.C$+"#'.0A$
('2,)+)?#$&#5*,+)(&$+"#'.0A$*,1$6"):'&'6"0$'-$5),1_$!'$
)::3&+.*+#$ +"#$ 1#&)2,$ )56:)(*+)',$ '-$ +"#$ %K$ "#.5#,#3+)($
,#+M'.CA$M#$6.#&#,+$'3.$.#(#,+$M'.C$ I/6"*H1(C/Q/*-/(
I&%;-,/A$*,$#d6.#&&)?#$),+#,+)',*:$&0&+#5$+"*+$2#,#.*+#&$
),+#.*(+)?#$,*..*+)?#&$.)("$M)+"$1*01.#*5),2$&#e3#,(#&_$
8+$,+$"2+%&'GA-$,*-'
:'%7/%$-*." )$A" (%70%*+'" R+%'2+" N+@-*<*" )/%E+" A+S
1234''9/8
!"#"$%&'()*%+"$",-'.//0
&(.)6+)',$'-$")&$),+#.*(+)?#$53&)(*:$&0&+#5$L"H&+/*(#dS
+701-3+*")"2'%@-$2"$&7/+'"%F"A-2-.)1"*?*.+7*,"*&(>")*"
+"#$*3+','5'3&$6*),+),2$6.'2.*5$==C)N(N4'"#,$EHHEO$
*,1$.#(#,+$('563+*+)',*:$,*..*+)?#$M'.C&$N7*..#::$EHH[y$
9).+)*"v"T.+'$"4554j"X£'+Y"?"X£'+Y"v"K1-*+A)"455[`,"
+"*+$ 3+):)`#$%K$ +#(",)e3#&$ ),$ 63.&3)+$ '-$ (3:+3.*:$ #d6.#&S
&)',_$9#(*1#&$*-+#.$"#*+#1$1#R*+#&$*R'3+$+"#$-#*&)R):)+0$
'-$%KA$+"#$e3#&+)',$'-$M"#+"#.$('563+#.&$5*0$',#$1*0$
6'&&#&&$ "35*,S:#?#:$ ),+#::)2#,(#$ ,'$ :',2#.$ &63.&$ &'()S
+.?<*"F+)'")$A"(&'-%*-.?B"#$*.+)A,"*?*.+7*")'+"A+*-2$+A".%"
#,('3.*2#$3&#.&$+'$5*C#$&#,&#$'-$+"#5$*&$),+#,+)',*:$*,1$
),1#6#,1#,+$#,+)+)#&_$4'56*.#1$+'$),&+.35#,+*:A$6.'13(S
+)',S'.)#,+#1$ 6.'2.*5&$ &3("$ *&$ +"#$ E;"3":;"<A$ +"#&#$
&0&+#5&$1)&6:*0$),+#,+)',*:$R#"*?)'.&$.#:*+#1$+'$"35*,$
5#,+*:$6"#,'5#,*$&3("$*&$6:*,,),2A$:#*.,),2A$,*..*+),2A$
*,1$(.#*+),2A$*&$)-$+"#).$*(+)',&$M#.#$&A"53(&'5#+"),2$),$
+"#$ M'.:1$ N8#*.:#$ JIZaO$ .*+"#.$ +"*,$ 5#.#$ #d#(3+)',$ '-$
*:2'.)+"5)($ .3:#&_$ /#M)&A$ -'.$ ),&+*,(#A$ ),&)&+&$ +"*+$ L"H#
&+/*$„,'+$|R#}$+.#*+#1$*&$*$53&)(*:$),&+.35#,+A$R3+$*&$*,$
-$A+0+$A+$." -70'%E-*+'B<" ;+" A+1-/+').+1?" A+*-2$+A" .>+"
&0&+#5$ +'$ 1)&6:*0$ ),1#6#,1#,+$ R#"*?)'.&$ *.)&),2$ -.'5$
)+&$'M,$),+#.,*:$6.'(#&&#&$+"*+$#?#,$)+&$1#&)2,#.$(*,,'+$
-3::0$ *,+)()6*+#_$!"#$ )56.'?)&*+)',*:$ @-&'"+5/( R#+M##,$
L"H&+/*(*,1$+"#$53&)()*,&A$/#M)&$#56"*&)`#&A$)&$„R)S1)S
'+(.-%$)1".')$*F+'"%F"-$.+$.-%$)1-.?".>'%&2>"*%&$AB<"(%7S
63+*+)',*:$('56:#d)+0A$EO$6.'(#&&$'6*()+0A$aO$"35*,S:)C#$
('"#.#,+$R#"*?)'.&A$*,1$jO$#d#(3+)',$'-$*3+"'.)*:$),+#,S
+)',_$!"#$+#.5$#,('56*&&#&$,'+$',:0$%K$&0&+#5&$R3+$*:&'$
%KS:)C#$&0&+#5&$+"*+$#d)&+$#)+"#.$'3+&)1#$'-$('563+#.$&()S
#,(#$('553,)+)#&$'.$*.#$,'+$1#&(.)R#1$R0$+"#).$*3+"'.&$
*&$%K$&0&+#5&$-'.$)1#':'2)(*:$'.$'+"#.$.#*&',&_$4.)+)(*:$
*,*:0&)&$*,1$1#&)2,$'-$),+#,+)',*:$&0&+#5&A$:)C#$),-'.5*S
+)',$+#(",':'2)#&$*+$:*.2#$),$+"#$1)2)+*:$"35*,)+)#&A$(*::&$
-'.$+"#$.#('2,)+)',$'-$+"#&#$&0&+#5&$*&$)56'.+*,+$-'.5&$
'-$(3:+3.*:$6.'13(+)',A$R#0',1$+"#).$+.*1)+)',*::0$),&+.3S
5#,+*:)`#1A$6.'13(+)?)+0$'.)#,+#1$.':#&_$
8+$,+$"2+%&'GA-$,*-'%-'L,K$-'
%:+"'32"$2#,#.*::0$3&#1$+'$1#&(.)R#$M.)++#,$-'.5&$'-$1)&S
('3.&#A$+"#$+#.5$3/K3$*&$+"#$'Rc#(+$'-$:)+#.*.0$+"#'.0$*,1$
7%A+'$">+'7+$+&.-(*"-*"$%."(%$3$+A".%"%$1?"1-$2&-*.-("
-'.5&_$K,$")&$#&&*0$',$+"#$:)+#.*.0$+#d+A$\#.5*,$6"):'&'S
6"#.$ @*,-.#1$ V.*,C$ NV.*,C$ JIZIO$ (.)+)()`#&$ +"#$ ,'+)',$
+"*+$ 5#*,),2&$ +"*+$ *3+"'.&$ #,('1#$ M)+"),$ +#d+&$ (*,$ R#$
'Rc#(+)?#:0$.#+.)#?#1$M)+"'3+$1)&+'.+)',$R0$.#*1#.&$2)?#,$
*66.'6.)*+#$5#+"'1&$'-$),+#.6.#+*+)',$N7).&("$JI[YO_$K,S
&+#*1A$V.*,C$6.'6'&#&$*$('56:#d$('553,)(*+)',$6.'(#&&$
),$M")("$R'+"$*3+"'.$*,1$.#*1#.$*(+)?#:0$(.#*+#A$&"*6#A$
*,1$.#(',&+.3(+$5#*,),2&_$!")&$#("'#&$+"#$#?#,$R.'*1#.$
,'+)',$'-$1)*:'2)($5#*,),2$6'&)+#1$R0$+"#$U3&&)*,$6")S
:'&'6"#.$*,1$(.)+)($@)C"*):$P*C"+),$),$M")("$:*,23*2#$
)&$ 3,1#.&+''1$ *&$ 10,*5)(A$ (',+#d+3*:A$ ),+#.+#d+3*:A$ *,1$
.#:*+)',*:$N7':e3)&+$JIIHO_$%(C,'M:#12),2$+"#$+#d+3*:)+0$
'-$),+#,+)',*:$&0&+#5&$'6#,&$36$3,1#.&+*,1),2$'-$&0&+#5$
1234'9/.
),+#,+)',*:)+0$+'$*$.*,2#$'-$&'()*::0$&)+3*+#1$5#+"'1&_$
K,+#,+)',*:$ &0&+#5&$ *.#$ ,'+$ &)56:0$ +"#$ .#&3:+$ '-$ (:#?#.$
*:2'.)+"5)($ *,1$ 1*+*$ &+.3(+3.*:$ ),,'?*+)',&_$ !"#$ %K$
6.*(+)+)',#.$*,1$+"#'.)&+$B"):)6$%2.#$('2#,+:0$6'),+&$'3+$
+"*+$+"#$„+"#$63.6'&#$'-$%K$)&$+'$R3):1$('563+#.$&0&+#5&$
M"'&#$'6#.*+)',$(*,$R#$,*..*+#1$3&),2$),+#,+)',*:$?'(*RS
&1)'?B<"_K2'+"=66Z`"9-(>)+1"9).+)*,"(%eA+E+1%0+'"%F"G&#
~&@/1(-3.+"#.$1#(',&+.3(+&$+"#$('1#&$),?'C#1$),$%K$6.*(S
.-(+"/?"(%70&.).-%$,")$A"A+3$-.-%$*"%F"*?*.+7"0'%2'+**`"
)$A".>+"(%e+g-*.-$2"t(%A+"7)(>-$+<"_-$(1&A-$2"0>?*-()1"
6.'(#&&#&A$('563+*+)',*:$6.'(#&&#&A$*,1$('56:#d$(*3&*:$
G%@`,"-$"%'A+'".%"0-$"A%@$".>+"1%$2e$+21+(.+A"*%(-)1")$A"
1)&(3.&)?#$ *&6#(+$ '-$%K$ &0&+#5&$ N@*+#*&$ EHHEO_$ K,$ *1S
1)+)',$+'$(',&)1#.),2$*(+3*:$('563+#.$6.'2.*5&A$*,*:0S
*-*" %F" -$.+$.-%$)1" *?*.+7*" *>%&1A" $%." %7-." .>+" )&.>%'*<"
63R:)(*+)',&A$6.#&#,+*+)',&A$*,1$),+#.6#.&',*:$('553,)S
(*+)',$ *R'3+$ +"#$ &0&+#5_$ 83("$ ,*..*+)?#$ '3+63+&$ &)+3*+#$
.>+"*?*.+7"-$"K#"'+*+)'(>"(%77&$-.-+*")$A"F')7+"&*+'*<"
),+#.6.#+*+)',A$*,1$+"#.#-'.#$53&+$R#$(',&)1#.#1$*&$6*.+$
'-$+"#$),+#,+)',*:$&0&+#5_$
L=,'68'(,4*,+,)$"5'Y,$M24T'
!"#$ (#,+.*:$ (',+.)R3+)',$ '-$ +")&$ 6*6#.$ )&$ +"#$ =Z( ;/*6/#
,/53-%(,/3B"*X(5'1#:A$#,*R:#1$R0$+"#'.)`),2$),+#,+)',*:$
&0&+#5&$ *&$ +#d+&_$!"#$ ),+#.1)&()6:),*.0$ -.*5#M'.C$ *,*S
:0`#&$&0&+#5$),+#,+)',*:)+0$*&$*$.#&3:+$'-$*$"#.5#,#3+)($
(%77&$-().-%$"0'%(+**".>)."-$E%1E+*"/%.>")&.>%'*<"$)'S
').-%$*" )$A" &*+'*<" -$.+'0'+.).-%$*" .>'%&2>" -$.+')(.-%$"
@-.>"/%.>")(.&)1"*?*.+7*")$A")&.>%'*<"$)'').-E+"%&.0&.B"
K,$ *11)+)',A$ +")&$ 6*6#.$ .#('2,)`#&$ +"*+$ ),+#,+)',*:$ &0&S
+#5&$#d)&+$),$R.'*1#.$&'()*:$(',+#d+&$+"*+$),?':?#$5'.#$
+"*,$c3&+$*3+"'.&$*,1$3&#.&_$%,)5*+#$*,1$),*,)5*+#$*(S
.%'*," ()11+A" t)(.)$.*<" -$" )(.%'e$+.@%'8" .>+%'?" _M)11%$"
JIZ[y$/*+'3.$JII[OA$6*.+)()6*+#$),$+"#$,#+M'.C$+".'32"$
53:+)S1).#(+)',*:$('553,)(*+)',_$\'?#.,5#,+$*,1$5):)S
+*.0$-3,1),2A$-'.$),&+*,(#A$'-+#,$6:*0&$*$6.'5),#,+$.':#$),$
1#+#.5),),2$1).#(+)',$*,1$?*:)1)+0$'-$1)--#.#,+$*66.'*("S
#&$'-$%K$.#&#*.("_$
7)&+'.)(*::0A$ "#.5#,#3+)($ &+31)#&$ 1#?#:'6#1$ ),+#.6.#+*S
+)?#$+"#'.)#&$*,1$5#+"'1&$),$'.1#.$+'$.#('?#.$+"#$5#*,S
),2&$ '-$ &*(.#1$ +#d+&$ ),+#,1#1$ R0$ +"#$ N1)?),#O$ *3+"'.N&O_$
9%A+'$" >+'7+$+&.-(*," -$G&+$(+A" /?" T(>1+-+'7)(>+',"
.#('2,)`#&$ +"*+$ /Q/*H3;-,+$ (*::&$ -'.$ +"#$ M'.C$ '-$ ),+#.S
6.#+*+)',$*,1$R.'*1#,&$)+&#:-$+'$+"#$6"):'&'6")(*:$),+#.S
.'2*+)',$ '-$ ),+#.6.#+*+)',$ Nh).C:#.$ JIZJO_$ !")&$ 6*6#.$
>-2>1-2>.*" A-*(&'*-E+" t+1)*.-(-.?<" %F" .>+" K#" 8+?" @%'A*,"
&3("$ *&$ 6:*,,),2$ N%2.#$ JIIYO_$ 7#$ 'R&#.?#&$ +"*+$ +"#&#$
C#0$ +#.5),':'2)#&$ *.#$ &)53:+*,#'3&:0$ 6.#()&#$ N-'.5*:O$
*,1$ ?*23#$ N?#.,*(3:*.OA$ M")("$ *::'M&$ %K$ 6.*(+)+)',#.&$
+'$&#*5:#&&:0$),+#2.*+#$+"#).$#?#.01*0$#d6#.)#,(#$*&$#5S
R'1)#1$),+#,+)',*:$R#),2$),$+"#$*:2'.)+"5)($.#&#*.("A$*,1$
+'$ ,*..*+#$ ('563+*+)',$ M)+"$ 6'63:*.:0$ *((#&&)R:#$ ?#.S
!"#"$%&'()*%+"$",-'.//0
,*(3:*.$?'(*R3:*.0_$$
^,#$.#:*+)?#:0$3,#d6:'.#1$*&6#(+$'-$+")&$(',+),3'3&$,#S
2'+)*+)',$'-$?*:3#&$*,1$5#*,),2&$R#+M##,$R'+"$"35*,$
)$A" (%70&.).-%$)1" )(.%'*" _N).%&'" =66[`" -*" &*+'*<" '+)AS
),2&$ *,1$ ),+#.6.#+*+)',&$ '-$ ),+#,+)',*:)+0$ -.'5$ &0&+#5&$
+"*+$ *.#$ (:#*.:0$ ),*,)5*+#_$ V'.$ #d*56:#A$ "35*,$ ('S
0+'F%'7+'*" )$A" .>+-'" )&A-+$(+*<" -$.+'0'+.).-%$*" %F" L"H#
&+/*<*"/+>)E-%'*")*"-$.+$.-%$)1")'+"(+$.')1".%"(%$*.'&+".>+"
*?*.+7*<"*.).&*")*")$"-$A+0+$A+$."0+'F%'7+'"-$"-.*"%@$"
.)2"+A$*&$),+#,1#1$R0$)+&$1#&)2,#._$V.*,C$*.23#&$+"*+$„|)}
,$+"#$3,1#.&+*,1),2$'-$)+&$.#*1#.&$+"#$+#d+$•$*(e3).#&$*$
7+)$-$2"@>-(>"+g(++A*".>+"7+7%'?"%F"-.*"%'-2-$B<_r')$8"
JIZIO$%,0$*,*:0&)&$'-$&0&+#5$),+#,+)',*:)+0$+"#,$)&$,'+$
*1#e3*+#$M)+"'3+$(',&)1#.),2$6*.+)()6*+)',$'-$3&#.&$*,1$
*31)#,(#&_$$
!")&$ 6*6#.$ #56"*&)`#&$ +"#$ 1)&(3.&)?#$ &+.*+#20$ *,1$ &#S
5*,+)($ ),+#.6.#+*+)',$ -.'5$ *$ ('2,)+)?#$ :),23)&+)(&$ 6#.S
&6#(+)?#_$4',(#6+3*:$R:#,1),2$+"#'.0$NV*3(',,)#.$EHHJy$
V*3(',,)#.$]$!3.,#.$EHHEy$!3.,#.$JII[O$'--#.&$*$('2,)S
+)?#$-'3,1*+)',$-'.$3,1#.&+*,1),2$&0&+#5$),+#,+)',*:)+0$
*&$*(+)?#:0$N.#O(',&+.3(+#1$R0$3&#.&$?)*$),+#2.*+),2$(',S
(#6+&$'-$),+#,+)',*:)+0$R*&#1$',$#,('3,+#.&$M)+"$*,)5*+#$
*2#,+&A$ *,1$ (',(#6+3*:)`*+)',$ '-$ *:2'.)+"5)($ '6#.*+)',$
'-$ ),*,)5*+#$ ('563+#.$ &0&+#5&_$ !"3&A$ 3&#.&$ ('56.#&&$
+"#$R#"*?)'.$'-$3,-*5):)*.$('563+*+)',*:$&0&+#5&$+'$"3S
5*,$&(*:#$R0$(',&+.3(+),2$(',(#6+3*:$R:#,1&$'-$&0&+#5&$
M)+"$"35*,S:)C#$),+#,+)',*:)+0A$+".'32"$&#5*,+)($"''C&$
+"*+$-*():)+*+#$&3("$R:#,1&$),$+"#$?*.)'3&$1)&('3.&#&$&3.S
.'3,1),2$+"#$&0&+#5&_$$
12+5&)-"2+O''!,-"#+'8*E&"5%$"2+-'23'$=,'68'
(,4*,+,)$"5'Y,$M24T
+".'32"$ '3.$ 'M,$ ('563+*+)',*:$ M'.C$ M#$ &322#&+$ ,#M$
1#&)2,$)56:)(*+)',&$-'.$),+#,+)',*:$&0&+#5&A$&3("$*&$+"#$
&(*:#$'-$),+#,+)',*:)+0$Nn"3$]$7*..#::$EHHZO$+"*+$6'+#,S
+)*::0$ (*,$ *11$ ,#M$ -'.5&$ '-$ #d6.#&&)?)+0$ +'$ ),+#,+)',*:$
&0&+#5&$),$1)2)+*:$"35*,)+)#&_$
D,3,4,+5,6#4,>'9Q'FQ'NJIIYO_$„!'M*.1$*$4.)+)(*:$!#(",)(*:$B.*(S
.-(+i" N+**%$*" N+)'$+A" -$":'?-$2" .%" W+F%'7"K#<," -$" :"#
%-&'(:%-/,%/1(J/%;,-%&'(:H03/601(&,@(!""</*&3-Q/(M"*X>(
?/H",@(3;/(V*/&3(2-Q-@/A$#1&$\_$4_$P'MC#.A$8_$/_$8+*.A$
L_$!3.,#.A$/_$\*&&#.$]$\_$P'MC#.A$/*M.#,(#$Q.:R*35$
%&&'()*+#&A$66_$JaJSGZ_$
1%&&2+>' BQ$ NJIZ[O_$ „8'5#$ Q:#5#,+&$'-$ *$ 8'()':'20$ '-$
!.*,&:*+)',X$9'5#&+)(*+)',$'-$+"#$8(*::'6&$*,1$+"#$V)&"S
+'7+$"%F"T."D'-+&("D)?<,"-$"E"B/*1(=%3-",(&,@(?/'-/D>(=(
N/B(:"%-"'"+H("D(T,"B'/@+/A$#1_$D_$/*MA$U'3+:#12#$]$
W#2*,$B*3:A$/',1',_$
12=,+>' (Q" _4554`B" tK" T+1FeJ+3$-$2" R)7+" F%'" O$+"
B:*0#.X$^,$+"#$T*+3.#$'-$4.#*+)?)+0$*,1$+"#$B'&&)R):)+0$
%F"M'+).-E+"M%70&.+'"X'%2')7*<,"$/",&*@"A$?':_$aGA$,'_$
JA$66_$GIS[j_$
\%)52++",4>'RQ'NEHHJO_$„4',(#6+3*:$P:#,1),2$*,1$%,*:S
%2?<,"-$"J;/(=,&'"+-%&'(I-,@>(E/*0</%3-Q/0(D*"6(!"+#
,-3-Q/( :%-/,%/A$ #1&$ 9_$ \#,+,#.A$ W_$ D_$ 7':0'*C$ ]$ P_$ T_$
W'C),'A$@K!$B.#&&A$4*5R.)12#A$@%_$
\4%+T>'BQ$NJIZIO_$J;/(:5AU/%3(&,@(3;/(J/K3>(P00&H0(",(
'-3/*&*H( 3;/"*H( &,@( <;-'"0"<;HA$ 4*5R.)12#$ >,)?#.&)+0$
B.#&&A$4*5R.)12#_$
!"#$,'?#:$-.*5#M'.C$'-$+"#$"#.5#,#3+)($,#+M'.C$&32S
2#&+&$,#M$1#&)2,$*66.'*("#&$-'.$),+#,+)',*:$&0&+#5&$),$
1)2)+*:$"35*,)+)#&_$^3.$(3..#,+$),+#.*(+)?#$,*..*+)?#$M'.C$
I/6"*H1(C/Q/*-/(I&%;-,/(2#,#.*+#&$&+'.)#&$),$M")("$+"#$
5*),$("*.*(+#.$?*.)#&$10,*5)(*::0$*:',2$*$&(*:#$R#+M##,$
*$ 3&#.S(',+.'::#1$ *?*+*.$ M)+"$ :'M$ ),+#,+)',*:)+0$ *,1$ *,$
*3+','5'3&$,',S6:*0#.$("*.*(+#.$M)+"$")2"$),+#,+)',*:S
)+0_$ P0$ *:2'.)+"5)(*::0$ (',+.'::),2$ +"#$ &#5*,+)($ "''C&$
-'.$),+#.6.#+),2$&0&+#5$R#"*?)'.$*&$),+#,+)',*:$),$+"#$,*.S
.*+)?#$1)&('3.&#$Nn"3$]$7*..#::$EHHZOA$+"#$*3+"'.&$+3.,$
&0&+#5$ ),+#,+)',*:)+0$ ),+'$ *$ &(*:*R:#$ #d6.#&&)?#$ 1)5#,S
&)',$),$),+#.*(+)?#$&+'.0+#::),2$N7*..#::$]$n"3$EHHIO_$
(%44,&&>' !Q' \Q$ NEHH[O_$L*:C),2$ P:3#&$ 4"*,2#&$ >,1#.S
&#*X$K5*2),*+)?#$T*..*+)?#$),$K,+#.*(+)?#$B'#+.0$\#,#.*S
+)',$M)+"$+"#$\UK^!$80&+#5A$6*6#.$6.#&#,+#1$+'$%%%K$
455["C%'8*>%0" -$" M%70&.).-%$)1"K+*.>+.-(*i"K'.-3(-)1"
K,+#::)2#,(#$%66.'*("#&$+'$7*66),#&&$*,1$P#*3+0A$P'&S
+',A$@%A$%%%K$B.#&&_$
K,$(',(:3&)',A$+")&$6*6#.$6.'6'&#&$*$,#M$),+#.1)&()6:),S
*.0$-.*5#M'.C$+'$*,*:0`#$),+#,+)',*:$&0&+#5&$*&$&'()*:$
*,1$(3:+3.*:$6.'13(+)',&A$*&$'66'&#1$+'$(',&+.3),2$+"#5$
*&$+"#$1'5*),$'-$63.#:0$+#(",)(*:$6.*(+)(#&_$K+$3,1#.:),#&$
)&.>%'*<"$)'').-E+")$A"&*+'*<"-$.+'0'+.).-E+"*.').+2-+*,"-$")"
&'()*::0$&)+3*+#1$,#+M'.C$'-$5#*,),2$#d("*,2#_$V),*::0A$
:%$2)4>'PQ$NJII[O_$=*&6-01("*(3;/($"Q/("D(J/%;,"'"+HA$
7*.?*.1$>,)?#.&)+0$B.#&&A$4*5R.)12#_$
("4-5=>' FQ' !Q$ NJI[YO_$ L&'-@-3H( -,( Z,3/*<*/3&3-",( q*:#$
>,)?#.&)+0$B.#&&A$T#M$7*?#,$*,1$/',1',_$
(2&a)"-$>' BQ$ NJIIHO_$ 2-&'"+-06>( ?&X;3-,( &,@( 4-0(
M"*'@A$E$#1,_$
B%$,%->'BQ"_4554`B"#$.+')(.-E+"J')7),"K'.,")$A"K'.-3S
()*:$K,+#::)2#,(#A$4*.,#2)#$@#::',$>,)?#.&)+0_$
G,%4&,>'`Q$NJIZaO_$Z,3/,3-",&'-3H>(=,(P00&H(-,(3;/(E;-'"0#
1234''9/9
!"#"$%&'()*%+"$",-'.//0
"<;H("D(I-,@A$4*5R.)12#$>,)?#.&)+0$B.#&&A$4*5R.)12#_$
L)4+,4>'BQ$NJII[O_$J;/($-3/*&*H(I-,@>(J;/()*-+-,0("D(
J;"5+;3(&,@($&,+5&+/A$^d-'.1$>BA$T#M$q'.Cy$^d-'.1_$
]"4T&,4>' (Q' 6Q$ NJIZJO_$ 4/*6/,/53-%0>( E*-,%-<'/0( &,@(
E*"%/00/0("D(?-A'-%&'(Z,3/*<*/3&3-",A$P*C#.$P''C$7'3&#A$
\.*,1$U*6)1&A$@K_$
\%)52++",4>' RQ' c' L)4+,4>' BQ$ NEHHEO_$ J;/( M&H( M/(
J;-,X>( !",%/<35&'( ?'/,@-,+( &,@( 3;/( I-,@\0( 4-@@/,(
!"6<'/K-3-/0A$P*&)($P''C&_$
(%44,&&>'!Q'\Q'c'd=)>'`Q$NEHHIO_$%2#,(0$B:*0X$9)5#,S
&)',&$'-$%2#,(0$-'.$K,+#.*(+)?#$T*..*+)?#$9#&)2,A$6*6#.$
6.#&#,+#1$+'$+'$*66#*.$),$+"#$B.'(##1),2$'-$%%%K$86.),2$
EHHI$8056'&)35$',$K,+#.*(+)?#$T*..*+)?#$!#(",':'2)#&$
KK_$
B%$,%->'BQ'c'G$,4+>'6Q'NEHHEO_$„%$P#"*?)'.$/*,23*2#$
F%'" T.%'?eD)*+A" D+1-+E)/1+" K2+$.*<," ZPPP( Z,3/''-+/,3(
:H03/60A$?':_$JYA$,'_$jA$66_$aISjY_$
9{4,<' A' 9{4,<>' DQ' c'6&"-,C%>'6Q' NEHH[O_$ !"#$ U':#$ '-$
%R13(+)',$),$%3+'5*+)($8+'.0+#::),2A$6*6#.$6.#&#,+#1$+'$
B.'(##1),2&$ '-$ +"#$ %%%K$ M'.C&"'6$ ),$ 4'563+*+)',*:$
%#&+"#+)(&X$%K$%66.'*("#&$+'$P#*3+0$]$7*66),#&&A$P'&S
+',A$@%A$%%%K$B.#&&A$66_$GaS[H_$
d=)>'`Q'c'(%44,&&>'!Q'\Q$NEHHZO_$9*01.#*5),2$M)+"$K,S
+#,+)',X$8(*:*R:#$P:#,1),2SP*&#1$K5*2),),2$*,1$%2#,(0$
),$ \#,#.*+)?#$ K,+#.*(+)?#$ T*..*+)?#A$ 6*6#.$ 6.#&#,+#1$ +'$
%%%K$EHHZ$86.),2$8056'&)35$',$4.#*+)?#$K,+#::)2#,+$
80&+#5&A$8+*,-'.1A$4%A$%%%K$B.#&&A$66_$JG[S[E_$
1234'9/: