9
J
A
;
D
9
M
:
L
D
D
=
K
A
F
~>* ;11;QGE
KVS >[ Q ` ^
I?< 98H@: B8K 8H I?< @DI<G=8:< 9<IK<<D I?< ?AH8G
8D; I?< C8@DB8D; B<>8B HMHI<CH
d`
?{@O 2+ 4-*
y*,}/ |534*0v-.1}
z}.1/}1~
A ? @
q+w
y*,}/ |534*0 zd`
2+ 4-* wx|
u{
9 8 = ; : < 8>
AJJL= FG 1 9HIAD 0..0
:
@DIGE;J:I@ED
9
EB IBD>I PVPQBJ LC QEB .18|7 FP > @LJJLK I>T PVPQBJ MOBPBOSBA ?V QEB }>PF@ 2>Tl TEF@E E>P FQP LOFDFK
FK QEB }OFQFPE @LJJLK I>T PVPQBJ QO>KPMI>KQBA FKQL QEB ~EFKBPB PLFI FK QEB qxtpPn 8FK@B QEBKl FQ E>P DO>AR>IIV
>@NRFOBA > IFCB LC FQP LTK QEOLRDE QEB DOLTQE LC IL@>I GROFPMORABK@Bn 9EB @LJJLK I>T PVPQBJ E>P ?B@LJB CFOJIV
BKQOBK@EBA FK .LKD 1LKD RKABO QEB }>PF@ 2>T PFK@B QEB 7BRKFCF@>QFLKn
}2 x MOLSFABP CLO QEB @LKQFKRFKD >MMIF@>QFLK LC QEB @LJJLK I>Tn }2 xp SBPQP QEB GRAF@F>I MLTBO FK QEB
@LROQP LC QEB 8|7 >KA }2 xq J>FKQ>FKP QEB GRAF@F>I PVPQBJ MOBSFLRPIV MO>@QFPBA FK .LKD 1LKD BU@BMQ CLO @E>KDBP
@LKPBNRBKQ RMLK QEB BPQ>?IFPEJBKQ LC QEB ~,| LC QEB .18|7n }2 xt BUMOBPPIV J>KA>QBP QEB 8|7 @LROQP QL OBCBO
QL MOB@BABKQP LC LQEBO @LJJLK I>T GROFPAF@QFLKP n }V QEBPB >KA LQEBO MOLSFPFLKPl QEB }>PF@ 2>T J>FKQ>FKP QEB
@LJJLK I>T >KA QEB @LJJLK I>T GRAF@F>I PVPQBJ FK QEB 8|7l >P DRFABA ?V QEB ABSBILMJBKQ LC IBD>I MOFK@FMIBP FK
LQEBO @LJJLK I>T GROFPAF@QFLKPn
9EB @LJJLK I>T FP KLQ PQ>QF@n /Q FP KLQ JBOBIV > @LIIB@QFLK LC MOLMLPFQFLKP BUQO>@QBA COLJ GRAF@F>I AB@FPFLKPl
?RQ FP >IPL > M>OQF@RI>O GRAF@F>I >MMOL>@El JBQELALILDV >KA >QQFQRABn 9EB I>T BSLISBP TFQE QFJB >KA >A>MQP QL PRFQ
IL@>I @FO@RJPQ>K@BPn +SBOV @LJJLK I>T GROFPAF@QFLK ?OBBAP ELJBmDOLTK GROFPMORABK@Bn 9EB @LKGRK@QFLK LC >
@LJJLK I>T PVPQBJ RKABO QEB }>PF@ 2>Tl > 67~ K>QFLK>I I>Tl TFQEFK QEB I>ODBO CO>JBTLOH LC QEB 67~ ~LKPQFQRQFLK
MOLSFABP >K FJMBQRP CLO QEB BJBODBK@B LC IL@>I GROFPMORABK@B LK QEB FKQBOMI>V ?BQTBBK QEB 3>FKI>KA IBD>I PVPQBJ
>KA QEB IL@>I @LJJLK I>T PVPQBJn /K M>OQF@RI>Ol QEB >MMIF@>QFLK LC K>QFLK>I I>TP QL QEB .18|7 RKABO QEB }>PF@
2>T BKE>K@BP FKQBO>@QFLKP ?BQTBBK QEB QTL AFCCBOBKQ IBD>I PVPQBJPn
I?< C8@DB8D; B<>8B HMHI<C
9EB IBD>I PVPQBJ FK 3>FKI>KA ~EFK> FP ?>PBA LK FQP ~LKPQFQRQFLKn /Q FP >HFK QL QEB @FSFI I>T PVPQBJn 9EB
46~ FP QEB EFDEBPQ LOD>K LC PQ>QB MLTBO >KA BUBO@FPBP S>OFLRP MLTBOPl PR@E >P QEB MLTBOP QL >JBKA QEB ~LKPQFQRQFLKl
QL BK>@Q QEB JLOB FJMLOQ>KQ I>TP >KA QL PRMBOSFPB LQEBO PQ>QB LOD>KPn 9EB 46~ >KA FQP 8Q>KAFKD ~LJJFQQBB BUBO@FPB
QEB IBDFPI>QFSB MLTBO LC QEB PQ>QBl QEB 8Q>KAFKD ~LJJFQQBB E>SFKD QEB MLTBO QL FKQBOMOBQ QEB ~LKPQFQRQFLK >KA I>TPn
9EB 8Q>QB ~LRK@FI FP QEB EFDEBPQ BUB@RQFSB LOD>K FK QEB 3>FKI>KAl >KA S>OFLRP 3FKFPQOFBP >KA ~LJJFPPFLKP >OB
RKABO FQn 2L@>I DLSBOKJBKQP >Q MOLSFK@F>Il @LRKQV >KA QLTKPEFM IBSBIP >OB OBPMLKPF?IB QL QEB 8Q>QB ~LRK@FIn 9EB
8RMOBJB 6BLMIBXP ~LROQl QLDBQEBO TFQE ILTBO MBLMIBXP @LROQPl >AGRAF@>QB @>PBPl TEBOB>P QEB 8RMOBJB 6BLMIBXP
6OL@RO>QLO>QBl QLDBQEBO TFQE ILTBO MBLMIBXP MOL@RO>QLO>QBPl >OB OBPMLKPF?IB CLO >MMOLSFKD >OOBPQP >KA FKPQFQRQFKD >KA
@LKAR@QFKD MOLPB@RQFLKPl FKSBPQFD>QFKD > KRJ?BO LC PMB@FCF@ @>PBP MOLSFABA ?V I>T >KA BUBO@FPFKD QEB MLTBO LC
IBD>I PRMBOSFPFLK LSBO GRADJBKQP >KA AB@FPFLKP LC QEB MBLMIBXP @LROQPn
2>TP FK QEB 3>FKI>KA >OB BK>@QBA ?V QEB 46~ >KA FQP 8Q>KAFKD ~LJJFQQBBl TEBOB>P QEB 8Q>QB ~LRK@FI
J>V CLOJRI>QB >AJFKFPQO>QFSB OBDRI>QFLKP FK >@@LOA>K@B TFQE QEB ~LKPQFQRQFLK >KA QEB I>TPn 2L@>I MBLMIBXP @LKDOBPPBP
J>Vl FK >@@LOA>K@B TFQE QEB ~LKPQFQRQFLKl I>TP >KA >AJFKFPQO>QFSB OBDRI>QFLKPl BK>@Q IL@>I OBDRI>QFLKP QL ?B >MMIFBA
FK QEB IL@>I IBSBIPn 3FKFPQOFBP >KA ~LJJFPPFLKP RKABO QEB 8Q>QB ~LRK@FIl >P TBII >P IL@>I MBLMIBXP DLSBOKJBKQPl
J>V CLOJRI>QB ORIBP QL FJMIBJBKQ I>TP >KA >AJFKFPQO>QFSB OBDRI>QFLKPn
DG
9
J
A
;
D
9
M
:
L
D
D
=
K
A
F
~>* ;11;QGE
KVS >[ Q ` ^
D8I@ED8B B8KH 1 B8KH E= I?< C8@DB8D; 8FFBM@D> IE I?<
d`
?{@O 2+ 4-*
y*,}/ |534*0v-.1}
z}.1/}1~
A ? @
q+w
y*,}/ |534*0 zd`
2+ 4-* wx|
u{
9 8 = ; : < 8>
AJJL= FG 1 9HIAD 0..0
:
?AH8G JD;<G 9B 36
<EFIB QEB 8|7 >KA QEB 3>FKI>KA IBD>I PVPQBJP LMBO>QB FKABMBKABKQIV LC
B>@E LQEBO FK QEBFO OBPMB@QFSB GROFPAF@QFLKPl QEBV >OB KLQ @LJMIBQBIV PBDOBD>QBAn 9EB }>PF@ 2>T >@QP >P QEB FKQBOC>@B
LO IFKH ?BQTBBK QEBJn 9EB IFKH ?BQTBBK QEB 8|7 @LROQP >KA QEB FKPQFQRQFLKP LC QEB 67~ FP MOLSFABA QEOLRDE QEB
MLTBO LC FKQBOMOBQ>QFLK LC QEB 46~8~ >KA QEB 8|7 @LROQP RKABO }2 qux jAFP@RPPBA FK cig ]merp LC /PPRB 4L r LC
QEB }RIIBQFKkn 9EB IFKH ?BQTBBK QEB 67~ K>QFLK>I I>TP >KA QEB 8|7 IBD>I PVPQBJ FP >@EFBSBA QEOLRDE QEB IFJFQBA
>MMIF@>QFLK LC K>QFLK>I I>TP FK QEB .18|7 RKABO |KKBU /// LC QEB }>PF@ 2>Tn
8FK@B .LKD 1LKD FP >K FK>IFBK>?IB M>OQ LC QEB 67~l E>A FQ KLQ ?BBK CLO QEB }>PF@ 2>Tl >II K>QFLK>I I>TP
TLRIA E>SB ?BBK >MMIFBA QL QEB .18|7n }2 qx PMB@FCF@>IIV MOLSFABP QE>Q K>QFLK>I I>TP PE>II KLQ ?B >MMIFBA FK QEB
.18|7 BU@BMQ CLO QELPB IFPQBA FK |KKBU /// QL QEB }>PF@ 2>Tn 9EB 46~8~ J>V >AA QL LO ABIBQB COLJ QEB IFPQ LC
I>TP FK |KKBU /// >CQBO @LKPRIQFKD QEB }>PF@ 2>T ~LJJFQQBB jCLO QEB OLIB LC QEB ~LJJFQQBBl MIB>PB PBB bjfgkjhiqp
>Q M ru LC /PPRB 4L r LC QEB }RIIBQFKk >KA QEB .18|7-n 2>TP IFPQBA FK |KKBU /// PE>II ?B @LKCFKBA QL QELPB OBI>QFKD
QLz
jqk ABCBK@B >KA CLOBFDK >CC>FOP{ >KA
jrk LQEBO J>QQBOP LRQPFAB QEB IFJFQP LC QEB >RQLKLJV LC QEB .18|7l >P PMB@FCFBA ?V QEB }>PF@ 2>Tn
9EB I>TP IFPQBA FK |KKBU /// >OB QL ?B DFSBK BCCB@Q ?V T>V LC MOLJRID>QFLK LO IBDFPI>QFLK ?V QEB .18|7n
9L A>QBl QEB MOLJRID>QFLK LC IFPQBA K>QFLK>I I>TP E>P ?BBK BCCB@QBA ?V T>V LC > IBD>I KLQF@B FPPRBA ?V QEB ~+ FK
QEB ->WBQQBn :KABO QEFP @>QBDLOVl K>QFLK>I I>TP >OB >MMIFBA SBO?>QFJn |IQBOK>QFSBIVl K>QFLK>I I>TP J>V ?B >MMIFBA
?V T>V LC IBDFPI>QFLK QEOLRDE QEB BK>@QJBKQ ?V QEB .18|7XP IBDFPI>QROBn 9EFP TLRIA C>@FIFQ>QB PRFQ>?IB
>A>MQ>QFLKP QL ?B J>AB QL QELPB MOLSFPFLKP LC QEB K>QFLK>I I>TP QE>Q >OB KLQ >MMIF@>?IB QL .LKD 1LKDl QERP @>QBOFKD
CLO QEB AFCCBOBK@BP FK QEB PVPQBJP >KA >@QR>I PFQR>QFLK ?BQTBBK QEB 3>FKI>KA >KA QEB .18|7nJ
B8KH B@HI<; @D 8DD<L @@@ H@D:< I?< G<JD@=@:8I@ED
<EBK QEB }>PF@ 2>T T>P >ALMQBA FK qyypl QEBOB TBOB v K>QFLK>I I>TP IFPQBA FK |KKBU ///n 8FK@B QEB >ALMQFLK
LC QEB }>PF@ 2>Tl QEB 46~8~ E>P QTF@B AB@FABA LK QEB >AAFQFLK QL >KA ABIBQFLK COLJ |KKBU ///n 9EB CFOPQ AB@FPFLKl
QE
QE
>ALMQBA >Q QEB rv 8BPPFLK LC QEB x 46~8~ LK q 0RIV qyywl T>P QL >AA CFSB I>TP QL >KA ABIBQB LKB I>T COLJ QEB
QE
QE
IFPQ LC K>QFLK>I I>TPn 9EB PB@LKA AB@FPFLKl >ALMQBA >Q QEB u 8BPPFLK LC QEB y 46~8~ LK t 4LSBJ?BO qyyxl T>P
QL >AA LKB CROQEBO I>T QL QEB IFPQn
J
Zn cffkskon so sjg cdougl sjg V`X mcw krrtg cn oqfgq cpplwkni sjg qglgucns ncskoncl lcvr kn sjg Y\bTan Yovgugql ks votlf onlw fo ro kn sjg gugns sjcs LOM
sjg _`VbV fgekfgr so fgelcqg c rscsg oh vcq oq LPM sjg _`VbVl dw qgcron oh stqmokl vksjkn sjg Y\bTa vjkej gnfcnigqr ncskoncl tnksw oq rgetqksw cnf kr
dgwonf sjg eonsqol oh sjg Y\bTaXl fgekfgr sjcs sjg agikon kr kn c rscsg oh gmgqignewn
DI
9
J
A
;
D
9
M
:
L
D
D
=
K
A
F
~>* ;11;QGE
KVS >[ Q ` ^
9EB 46~8~ @LKPRIQBA QEB .18|7- FK >@@LOA>K@B TFQE }2 qx ?BCLOB
d`
?{@O 2+ 4-*
y*,}/ |534*0v-.1}
z}.1/}1~
AB@FAFKD LK QEB >AAFQFLK QL >KA ABIBQFLK COLJ QEB IFPQ LC I>TP FK |KKBU ///n |CQBO
A ? @
q+w
y*,}/ |534*0 zd`
2+ 4-* wx|
u{
9 8 = ; : < 8>
AJJL= FG 1 9HIAD 0..0
:
PQRAVl QEB .18|7- @LKPFABOBA QE>Q QEB OBIBS>KQ K>QFLK>I I>TP P>QFPCFBA }2 qxl FB
QEBV >OB @LKCFKBA QL ABCBK@B LO CLOBFDK >CC>FOPl LO LQEBO J>QQBOP LRQPFAB QEB IFJFQP
LC QEB >RQLKLJV LC QEB 7BDFLK >P PMB@FCFBA ?V QEB }>PF@ 2>Tn
,LO QEB @ROOBKQ IFPQ LC K>QFLK>I I>TP FK |KKBU ///l MIB>PB OBCBO QL bjfgkjhiqp >Q M ssn
I?< =B8> :8H<
2>T LC QEB 67~ LK QEB 4>QFLK>I ,I>D >KA 2>T LC QEB 67~ LK QEB 4>QFLK>I +J?IBJ >OB QTL LC QEB 67~ I>TP
IFPQBA FK |KKBU ///n 6ROPR>KQ QL }2 qxl QEBV >OB >MMIFBA FK QEB .18|7 ?V QEB BK>@QJBKQ LC QEB 4>QFLK>I ,I>D >KA
4>QFLK>I +J?IBJ 5OAFK>K@Bn }2 qp MOLSFABP CLO QEB RPB FK QEB .18|7 LC > OBDFLK>I CI>D >KA OBDFLK>I BJ?IBJn
5K q 0RIV qyywl QEB IL@>I IBDFPI>QROB BK>@QBA QEB 7BDFLK>I ,I>D >KA 7BDFLK>I +J?IBJ 5OAFK>K@B QL MOLSFAB CLO
QEB RPB >KA MOLQB@QFLK LC QEB OBDFLK>I CI>D >KA OBDFLK>I BJ?IBJn
/K ^_b\a s `h _rlh bjr [ \lmqigo jqyyyk r .1~,|7 ttr j QEB ,I>D ~>PB kl QEB ABCBKA>KQP C>@BA QTL
@E>ODBP LC ABPB@O>QFLK LC QEB K>QFLK>I CI>D >KA QEB OBDFLK>I CI>D @LKQO>OV QL P w LC QEB 4>QFLK>I ,I>D 5OAFK>K@Bl
>KA P w LC QEB 7BDFLK>I ,I>D 5OAFK>K@Bn 9EB M>OQF@RI>OP LC B>@E LCCBK@B TBOB QE>Q QEB ABCBKA>KQP ABPB@O>QBA QEB
K>QFLK>I CI>D >KA QEB OBDFLK>I CI>D OBPMB@QFSBIV ?V MR?IF@IV >KA TFICRIIV ABCFIFKD QEBJ AROFKD > MR?IF@ MOL@BPPFLK
COLJ ;F@QLOF> 6>OH QL QEB ~BKQO>I -LSBOKJBKQ 5CCF@BP EBIA LK q 0>KR>OV qyyxn 9EB ABCBKA>KQP @E>IIBKDBA QEB
@LKPQFQRQFLK>IFQV LC QEB QTL CI>D LOAFK>K@BP >P ?BFKD FK@LKPFPQBKQ TFQE QEB COBB PMBB@E DR>O>KQBB RKABO /~~67 |OQ
qyo}L7 |OQ qv j>MMIFBA QL QEB .18|7 ?V SFOQRB LC }2 sykn .LTBSBOl QEB ~,| RMEBIA QEB @LKPQFQRQFLK>IFQV LC QEB
QTL CI>D LOAFK>K@BPn | PRJJ>OV LC QEB ORIFKDP LC QEB @LROQP @>K ?B CLRKA >Q bjfgkjhiqp >Q M sun
9EB ,I>D ~>PB ABJLKPQO>QBP QE>Q QEB K>QFLK>I I>TP BK>@QBA RKABO QEB 3>FKI>KA IBD>I PVPQBJ @>K ?B BCCB@QFSBIV
FJMIBJBKQBA FK QEB IL@>I @LJJLK I>T PVPQBJ RKABO QEB KBT @LKPQFQRQFLK>I LOABO BPQ>?IFPEBA ?V QEB }>PF@ 2>Tn /K
QEFP OBD>OAl FQ FP OBIBS>KQ QL KLQB QEB @LJJBKQ J>AB ?V QEB .LKLRO>?IB 0RPQF@B }>OOV 3LOQFJBO LK QEB BSB LC EFP
OBQFOBJBKQ COLJ QEB ~| FK qyyy >P CLIILTPz
nnn >IQELRDE BSBOV?LAV QORJMBQP QEB @LJJLK I>T PVPQBJl TB >II HKLT FQ FP KLQ > MBOCB@Q PVPQBJ ?V >KV
JB>KP >KA TB >OB >IT>VP LMBK QL PRDDBPQFLKP COLJ LQEBO PVPQBJP nnn /Q J>V TBII ?B QE>Q FK QEB ILKD QBOJ
TB PBBl ?B@>RPB QEB @LJJLK I>T FP PL CIBUF?IBl QE>Q DLLA QEFKDP >OB Q>HBK LK ?L>OA >KA ?>A QEFKDP >OB
OBGB@QBAn 8L QEB FKQBOMI>V LC FAB>P FP IFHBIV QL ?B ?BKBCF@F>I QL ?LQE QEB .LKD 1LKD PVPQBJ >KA nnn QEB 3>FKI>KA
PVPQBJ
K
K
bgg T Vonugqrcskon vksj [trskeg Ucqqw ^oqskmgq l Yoni \oni ]cvwgql bgpsgmdgq OSSSl p RN cs p RPn
DK