Re-Inventing the Cosmo Girl - Helda

178
MAJ-BRITT HÖGLUND Re-Inventing the Cosmo Girl ACTA WASAENSIA 348 LITERARY AND CULTURAL STUDIES 9 How a Magazine Neutralizes Competing Discourses

Transcript of Re-Inventing the Cosmo Girl - Helda

MAJ-BRITT HÖGLUND

Re-Inventing the Cosmo Girl

ACTA WASAENSIA 348

LITERARY AND CULTURAL STUDIES 9

How a Magazine Neutralizes Competing Discourses

!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"#$%#&#'(! )'*!)%+,+!-#,./+'0,!! 1,%$#'(%23!4+567(!87990:;!! <+2#'9'0,2!=7%:>%,?!! @#627,#!A7+3!! BC8<B4D!! BCE!FAG!! 1@BHI)!JB@K)LM!!!! )'*!/,,#!80'0,#,!! 8NO00:!09!40557,%N+2%0,P!M#>%+!+,>!HO#+2'#!! QB.RRSFE!1,%$#'(%23!09!H+56#'#!! Q%,:+,>! !

! BBB!

! !

!"#$%&'&(%!) !"#$%&'"*+&,+-++.+!)T++(+,!3:%06%(20!! H07;0;77!USFV!/0$&(+123)) !"#$%&'"4)255**&))M+W.='%22!DX?:7,>! TY%2X(;%'W+!

!"#$%&'"'%.(%4)4&-&6)7'%4)4"-0.7!!/N2+!<+(+#,(%+P!REZ!

89205'2&0:72)) ;<=>!!T++(+,!3:%06%(20!Q%:0(09%,#,!2%#>#;7,2+!I,?:+,,%,!;%#:%!C[!\SS!V]FSF!T++(+!

Z\^.Z]U.E\V.V\F.]!_6+%,#227`!Z\^.Z]U.E\V.V\U.U!_$#';;0+%,#%(20`!;<<>!!SR]].UVV\!_/N2+!<+(+#,(%+!REZP!6+%,#227`!URUR.ZFUR!_/N2+!<+(+#,(%+!REZP!$#';;0+%,#%(20`!F\Z].\EZE!_/N2+!<+(+#,(%+*!J%'W+::%(77>#,.!W+!;7:2277'%,.272;%57(!ZP!6+%,#227`!UREU.]]RZ!_/N2+!<+(+#,(%+*!J%'W+::%(77>#,.!W+!;7:2277'%,.272;%57(!ZP!$#';;0+%,#%(20`!<&,"-++.+) ?&0#&!!F\^! #,?:+,2%!

!"#$%&'"4)4&-&$0))!"#$".,+%,#,P!77>#::##,!(3,23,32a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

J755+((+;%,! 2#;(2%2336%((Y! :7;%W++! 67O72#::++,!5+%,0(;%#:#,! ;#%,0%,P! W0%::+! 2YO>Y.2YY,! ;#%,02#;0%(#,! 3(2Y$33((7O2##,! :705%(##,*! b[7;%W+3(2Y$Yb! #:%! !"#$"%"&'()*.:#O>#,.!"#$".1'0&-!!"#$".,+%,#,P!0,!5+';;%,+272;%57(2#,!:705+!;Y(%2#P!,Y;X%(;7$+!O#,;%:X(2YP!W0O0,!(#;Y!;7(2+,2+W+!#22Y!5+%,0(2+W+!O+:7++!$+%;722++*!!

H72;%57;(#,! 2+';0%27(! 0:%! (#:$%22YYP!5%::Y! 2+$+::+! :#O2%! ,#72'+:%(0%! >%(;7'((#W+P! W02;+!;3(##,+:+%(2+$+2!(#,!:705++,(+!%O+,,#;7$++!$%::%(2YP!$+6++(2+P!W+!6#:02205+(2+!,3;3.,+%(#(2+*! M+2#'%++:%! ;00(277! FUc(2+! !"#$"%"&'()*! 23c,! 6YY;%'W0%27;(#(2+! $70>#:2+!USSEP!W+!E^c(2+!(+5+,!+%;+;+7(%:#O>#,!+'2%;;#:%(2+!$70(%:2+!USSE!W+!USSV*!H72;%57;.(#,! 2#0'##22%,#,! $%%2#;#O3(! 0,! ;'%%22%,#,! >%(;7'((%+,+:33(%! W+!5#20>%! '#6#'27++'%+,+.:33(%*!)%(;7'((%!355Y''#2YY,!%>#,2%2##22%#,! :70W+,+P! W+!'#6#'27++'%2!;00(27$+2! :7027W+!%>#,2%2##22#WY!;7$+%:#$%(2+!2##50%(2+*!!

H72;%57(!0(0%22++P!#22Y!!"#$"%"&'()*!1J!(%(Y:2YY!;%:6+%:#$%+!>%(;7'((#W+P!W02;+!;7$+%.:#$+2!#:Y5Y,2%:+,2#%2+P!W0%((+!%O+,,#,+%,#,!$0%!5#,#22YY!#:Y5Y,(Y!O+::%,,+,!_N0,2'0:`*!J%:6+%:#$%#,!>%(;7'((%#,! '%,,+::#! :#O2%! 2+'W0++!;7%2#,;%,! '+2;+%(7W+P! 2Y2#,!,#72'+:%(0%.>#,!;%:6+%:#$+2!>%(;7'((%2*!

@'&%'%4%2)),+%(2#,:#O>#2P!6YY;%'W0%27;(#2P!+'2%;;#:%2P!;'%%22%,#,!>%(;7'((%+,+:33(%P!'#6#'27++'%+,+.:33(%P!!"#$"!1'0&P!!"#$".,+%,#,!

!

! T!

! !

A"B#&'90.!) C%20)7D)*"B#&E%2&74!)T++(+,!3:%06%(20!! M+3!USFV!@"297.1'3)) /5*0)7D)*"B#&E%2&74))M+W.='%22!DX?:7,>! )0N20'+:!2O#(%(!

>%-0)%4:)4"-B0.)7D)'0.&0'!!/N2+!<+(+#,(%+P!REZ!

F742%E2)&4D7.-%2&74) ;<=>!!1,%$#'(%23!09!T++(+!Q+N7:23!09!CO%:0(06O3!I,?:%(O!827>%#(!C*L*!=0d!\SS!QB.V]FSF!T++(+!Q%,:+,>!

Z\^.Z]U.E\V.V\F.]!_6'%,2`!Z\^.Z]U.E\V.V\U.U!_0,:%,#`!;<<>!!SR]].UVV\!_/N2+!<+(+#,(%+!REZP!6'%,2`!URUR.ZFUR!_/N2+!<+(+#,(%+!REZP!0,:%,#`!F\Z].\EZE!_/N2+!<+(+#,(%+*![%2#'+'3!+,>!47:27'+:!827>%#(!ZP!6'%,2`!UREU.]]RZ!_/N2+!<+(+#,(%+*![%2#'+'3!+,>!47:27'+:!827>%#(!ZP!0,:%,#`!>"-B0.)7D)*%G0')F\^!

H%4G"%G0)I,?:%(O!

/&2#0)7D)*"B#&E%2&74))"#.B,$#,2%,?!2O#!!"#$".4'0&.!D0&!+!M+?+e%,#!@#72'+:%e#(!4056#2%,?!)%(N07'(#(!@B'2.%E2)

/!&05+,f(!5+?+e%,#! %(!+! 90'75!&O#'#!>#(N'%62%0,(!09! 2O#! %>#+:!50>#',!&05+,!5##2!&%2O!2O#!#d6#'%#,N#(!09!'#+:.:%9#!&05#,!'#+>#'(*!B,!2O#!90'75!2O+2!%(!!"#$"%"&'()*P!2O#!?#,'#(!09!#>%20'%+:(!+,>!9#+27'#!(20'%#(!#,2#'!+!>%+:0?7#!&%2O!#+NO!02O#'*!HO#!#>%20'%+:(!6'0502#!2O#!>05%,+,2!>%(N07'(#!09!+,*-.+/)0&/##.+/$)&/#P!%,$%2%,?!2O#!'#+>#'!20!W0%,!2O#!6+'23*!HO#!9#+27'#!(20'%#(P!2O#,P!(2+'2!9'05!2O#!0660(%2#!#,>!09!2O#!(6#N2'75c!:%$#(!072!09!N0,2'0:*!HO#(#!>%(N07'(#(!+'#!5+>#!76!09!,+''+2%$#(!09!60((%-:#!6'0-:#5(P!#$#,!>%(+(2#'(*!

B,!-02O!2#d2!?#,'#(!2O#!'#+>#'!%(!+>>'#((#>!+(!+!'#+>#'!+,>!+!9'%#,>!%,!2O#!5+,,#'!09!+>.$#'2%(%,?*!B,!2O#!N+(#!09!!"#$"%"&'()*P!2O#!'#+>#'g9'%#,>!%(!#6%205%e#>!+(!2O#!!"#$".1'0&*!8O#!%(!+!N0,(2'7N2%0,!>#'%$#>!9'05!5+';#2!'#(#+'NOh! 2O#!N0,(75#'!2+'?#2#>!-3!-02O!2O#!67-:%(O#'!+,>!2O#!+>$#'2%(#'(*!!!

HO#!67'60(#!09!2O#!(27>3!%(!20!%,$#(2%?+2#!O0&!2O#!5+?+e%,#!>#+:(!&%2O!>%(N07'(#(!&O%NO!NO+::#,?#!2O#!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$"!1'0&!9#5%,%,%23*!HO#!5+.2#'%+:! N0,(%(2(!09! 2O#!FU!#>%20'%+:(!09!!"#$"%"&'()*!1J!USSE!+,>!E^! 9#+27'#! (20'%#(! %,!!"#$"%"&'()*!1J!USSE!+,>!USSV*!HO%(!(27>3!%(!(#2!&%2O%,!4'%2%N+:!)%(N07'(#!/,+:3(%(!+,>! '#?+'>(! >%(N07'(#! +(! +! N'#+2%0,! 09! %>#,2%2%#(*! HO#! 5#2O0>! %(! '#6#'20%'#! +,+:3(%(P!&O#'#! 2O#! '#6#'20%'#(! +'#! (##,! +(! >#(N'%62%0,(! 09! 2O#! 6#'90'5+,N#! NO+'+N2#'%e%,?! 2O#(#!%>#,2%2%#(*!HO#!'#6#'20%'#(!+'#!90'5#>!-3!'#N7''%,?!2O#5#(!'#9#''%,?!20!2O#!-#O+$%07'!09!2O#!!"#$".1'0&*!

HO#!'#(7:2(!(7??#(2!2O+2!2O#!5+?+e%,#!NO00(#(!20!+::0&!N#'2+%,!N056#2%,?!>%(N07'(#(!>#(N'%-%,?!2'07-:#!%,!2O#!:%9#!09!2O#!!"#$"!1'0&*!=3!>0%,?!(0P!%2!%(!+-:#!20!6'0>7N#!,#&!>%(N07'(#(!09!%2(!0&,!&O%NO!,#72'+:%e#!2O#!N056#2%,?!>%(N07'(#(*!

?05I7.:')!&05#,f(!5+?+e%,#(P!#>%20'%+:(P!9#+27'#!(20'%#(P!N'%2%N+:!>%(N07'(#!+,+:3(%(h!'#6#'20%'#!+,+:3(%(P!2O#!%>#+:!!"#$".1'0&!!!

!

! TBB!

! !

J2G&,%.0) J2G&,4&4G'2&:)T++(+,!3:%06%(20!! USFV!KL.D%22%.0)) /5*)%,)*"B#&$%2&74))M+W.='%22!DX?:7,>! )%((#'2+2%0,!

A"B#&$%2&74''0.&06)M4"--0.!!/N2+!<+(+#,(%+P!REZ!

?742%$2"**G&D20.) ;<=>!!T+(+!7,%$#'(%2#2!Q%:0(09%(;+!9+;7:2#2#,!I,?#:(;+!(6'i;#2!C=!\SS!QB.V]FSF!T+(+!

Z\^.Z]U.E\V.V\F.]!_2'3N;2`!Z\^.Z]U.E\V.V\U.U!_0,:%,#`!;<<>!!SR]].UVV\!_/N2+!<+(+#,(%+!REZP!6'%,2`!URUR.ZFUR!_/N2+!<+(+#,(%+!REZP!0,:%,#`!F\Z].\EZE!_/N2+!<+(+#,(%+*![%22#'+27'.!0NO!;7:27'.90'(;,%,?!ZP!2'3N;2`!UREU.]]RZ!_/N2+!<+(+#,(%+*![%22#'+27'.!0NO!;7:27'.90'(;,%,?!ZP!0,:%,#`!<&:7%42%#) <*.N$!F\^! #,?#:(;+!

A"B#&$%2&7404')2&20#)!"#$".;$%,,+,!-:%'!(05!,3a!D7'!#,!2%>(;'%92!2%::-+;+$%(+'!;0,;7''#'+,>#!>%(;7'(#'!<%--%4:.%G)

I,!>+52%>,%,?!;+,!72?X'+!>#2!90'75!>Y'!%>#+:-%:>#,!+$!>#,!50>#',+!;$%,,+,!;0,9'0,2#.'+(!5#>!;$%,,0'(!#'9+'#,O#2#'!7'!>#2!$#';:%?+! :%$#2*! B!>#2! 90'75!(05!>#2! %,2#',+2%0,#::+!5i,+>(5+?+(%,#2!!"#$"%"&'()*! #'-W7>#'! 766'Y22Oi::#'! 2$i! ?#,'#'P! :#>+',+! 0NO! '#60'2+.?#,P!#,!X5(#(%>%?!>%+:0?!5#>!$+'+,>'+*![#>+',+!5i:+'!5#>!OWY:6!+$!>#,!>05%,+,2+!>%(.;7'(#,!766!-%:>#,!+$!>#!+,*-.+/)0&/##.+/$)&/#!(05!;+,!2+!9X'!(%?!0NO!,W72+!+$!:%$#2*!"#60'.2+?#,!72?X'!>#,!+,>'+!322#':%?O#2#,c!-#'Y22#:(#'!05!;$%,,0'!(05!9X':0'+2!;0,2'0::#,!X$#'!(%,+!:%$*!

B! -Y??#! ?#,'#',+! 2%::2+:+(! :Y(+'#,! (05! %! '#;:+5#,P!5#>! >%'#;2! 2%::2+:! 0NO! (05! #,! $Y,*! B!40(5060:%2+,! (+55+,9+22+(! O0,! %! 722'3N;#2!!"#$". 1'0&*! D0,! Y'! #,! ;0,(2'7;2%0,! (05!-3??#'!6i!5+';,+>(7,>#'(X;,%,?+'P!O0,!Y'!(%,,#-%:>#,!9X'!>#,!5i:?'766!(05!9X':Y??+'#!0NO!+,,0,(X'#'!$%::!,i*!

/$(%;2#,!5#>!>#,,+!7,>#'(X;,%,?!Y'!+22!;:+'?X'+!6i!$%:;#2!(Y22!2%>,%,?#,!O+,2#'+'!>%(;7'.(#'!(05!;7::;+(2+'!-%:>#,!+$!>#,!50>#',+!!"#$".;$%,,+,*!M+2#'%+:#2!-#(2i'!+$!FU!:#>+'#!%!>#,!-'%22%(;+!72?i$+,!+$!!"#$"%"&'()*!USSE!0NO!E^!'#60'2+?#!9'i,!-'%22%(;+!!"#$"%"&'5()*!USSE!0NO!USSV*!)#,,+!7,>#'(X;,%,?!+,$Y,>#'!;'%2%(;!>%(;7'(+,+:3(!0NO!5#20>#,!Y'!'#6#'20+'+,+:3(*! B!7,>#'(X;,%,?#,!(#(!>%(;7'(#,!(05!(;+6+'#!+$! %>#,2%2#2#'P!$%:;+!-#(;.'%$(!%!'#6#'20+'#'P!$+'(!5%,(2+!-3??(2#,+'!Y'!i2#';055+,>#!2#5+2+*!!

/,+:3(#,!$%(+'!+22!!"#$"%"&'()*!1J!2%::i2#'!$%((+!;0,;7''#'+,>#!>%(;7'(#'!(05!>#,!;+,!,#72'+:%(#'+!?#,05!+22!6'0>7N#'+!#?,+!>%(;7'(#'!(05!(2X>#'!2%>,%,?#,(!7'(6'7,?:%?+!-#.(;'%$,%,?!+$!!"#$".;$%,,+,*!!

>5E$0#7.:))>+52%>,%,?+'P!:#>+'#P!'#60'2+?#P!;'%2%(;!>%(;7'(+,+:3(P!'#6#'20+'+,+:3(P!!"#$"!1'0&P!!"#$".;$%,,+,!

!! !

!

! Bj!

! !

/4J@L<[I)KIMI@H8!!

!B2!%(!,0&!2&#:$#!3#+'(!(%,N#!B!:00;#>!76!I,?:%(O!(27>%#(!0,!2O#!1,%$#'(%23!09!T++.(+!&#-(%2#!+,>!(#,2!+!k7#'3!20!2O#!6#'(0,!:%(2#>!+(!2O#!O#+>!09!>#6+'25#,2P!C'09#(.(0'!8%';;7!/+:20,#,*!HO%(!&+(!2O#!-#?%,,%,?!09!+!k7#(2!&O%NO!'#(7:2#>!%,!2O%(!2O#.(%(*!

[%22:#!>%>!B!;,0&!&O+2!B!&+(!:#22%,?!53(#:9!%,!90'*!B!O+>!(6#,2!U]!3#+'(!09!6'09#(.(%0,+:! :%9#! +(! +! W07',+:%(2! +,>! +,! #>%20'P! 6'0>7N%,?! 2#d2! 90'! ,#&(6+6#'(P!&'%2%,?!,#&(!(20'%#(P!%,2#'$%#&(P!9#+27'#!(20'%#(P!-00;!+,>!9%:5!'#$%#&(P!+,>!#>%20'%+:(!0,!+! $+'%#23! 09! (7-W#N2(*! B! O+>! 2O#!50(2! '#&+'>%,?! W0-! 0,#! N+,! O06#! 90'!&O%NO! +:.:0&#>!5#!20!7(#!:+,?7+?#!20!N0,(2'7N2!2O#!%5+?#(!B!&+,2#>!20!N0,$#3!20!2O#!'#+>.#'(*!

HO#!2'+,(9#'!20!'#(#+'NO%,?!5#>%+!2#d2(!90'N#>!5#!20!9+N#!k7%2#!>%99#'#,2!>#5+,>(*!M3!-+N;?'07,>!%,!W07',+:%(5!&+(!,02!,#N#((+'%:3!+,!+>$+,2+?#!(%,N#!%2!5+>#!5#!'#?+'>!+!,75-#'!09!W07',+:%(2%N!6'+N2%N#(!+(!?%$#,P!-:%,>%,?!5#!20!&O+2!,##>(!20!-#! #d6:+%,#>! 20! '#(#+'NO#'(! +,>! '#+>#'(! 072(%>#! 2O#! ,#&(6+6#'! -7(%,#((*! B! +:(0!907,>!53(#:9! ?0%,?! 2O'07?O! +! 2&090:>! 6'0N#((P! 7,:#+',%,?! O0&! 20! &'%2#! :%;#! +!W07',+:%(2!&O%:#!:#+',%,?!O0&!20!&'%2#!+(!+!'#(#+'NO#'*!HO#!N7'%0(%23!09!+!W07',+:%(2!%(P!O0&#$#'P!'#:+2#>!20!2O+2!09!2O#!'#(#+'NO#'*!=02O!+(;!k7#(2%0,(P!-02O!&+,2!20!9%,>!+,(&#'(!+,>!-02O!,##>!20!&0';!(3(2#5+2%N+::3*!

)7'%,?! 2O#(#!6+(2!3#+'(! B!O+$#! %,N7''#>!5+,3!>#-2(*!Q%'(2! B!&07:>! :%;#! 20!,+5#!+,>!#d6'#((!53!?'+2%27>#!20&+'>(!53!(76#'$%(0'(P!C'09#((0'!8%';;7!/+:20,#,!+,>!)'*!M+'%,#::+!"0>%."%(-#'?*!8%';;7!/+:20,#,!O+(!6+2%#,2:3!?%$#,!5#!2O#!(7660'2P!2%5#!+,>!(6+N#!B!,##>#>!20!67'(7#!2O%(!6'0W#N2*!8O#!O+(!+::0&#>!5#!20!#d6:0'#!53!062%0,(P!?7%>#>!5#!20!'#N0?,%e#!N7:.>#.(+N(!+,>!'#.#$+:7+2#!53!%>#+(*!M+'%,#::+!"0>%."%(-#'?! O+(! N055#,2#>! 0,! >#2+%:(! %,! %,>%$%>7+:! NO+62#'(! +,>P! +-0$#! +::P!(7660'2#>!5#!&%2O!7,9+:2#'%,?!9+%2O!%,!53!+-%:%2%#(*!HO%(P!B!O+$#!9#:2P!O+(!-##,!+,!7,>#(#'$#>!6'%$%:#?#P!+,>!%2!O+(!9%::#>!5#!_+,>!(2%::!9%::(!5#`!&%2O!+5+e#5#,2!+,>!?'+2%27>#*!

B!&07:>!:%;#!20!#d6'#((!53!O#+'29#:2!?'+2%27>#!20!C'09#((0'!I5#'%27(!K#'+:>!C0'2#'!90'!O%(!2O0'07?O!&0';P!>#2+%:#>!N055#,2(P!+,>!(7660'2*!B!+5!%,>#-2#>!20!C'09#(.(0'!I(+![#O2%,#,!&O0!;%,>:3!(O+'#>!&%2O!5#!(05#!09!O%(!$+(2!;,0&:#>?#!09!>%(.N07'(#!+,+:3(%(!+,>!099#'#>!$+:7+-:#!N055#,2(!0,!4O+62#'(!F!+,>!R!09!53!2O#(%(*!B!+:(0!0&#!?'+2%27>#!20!)'*!/,,#!80'0,#,!+,>!/N2%,?!C'09#((0'!H%%,+!MY,235Y;%!90'!'#+>%,?!+,>!N055#,2%,?!0,!NO+62#'(*!Ik7+::3!20!)'*!C#2#'!"*"*!<O%2#!_+:(0!+!W07',+:%(2.27',#>.'#(#+'NO#'`!&O0!O+(!(O+'#>!&%2O!5#!+,>!02O#'!CO)!(27>#,2(!O%(!0,?0%,?!&0';!0,!2O#!/66'+%(+:!HO#0'3!9'+5#&0';*!HO+2!9'+5#&0';P!+:2O07?O!,02!

j!

!

6+'2!09!2O#!5#2O0>0:0?3!09!2O%(!2O#(%(P!O+(!6'0$%>#>!5#!&%2O!$+:7+-:#!%,(%?O2(!%,20!2O#!&0';%,?(!09!5#>%+!2#d2(*!

B!&07:>!:%;#!20!#(6#N%+::3!+N;,0&:#>?#!+,>!2O+,;!53!6'#:%5%,+'3!#d+5%,#'(P!)'*!/,,#! 80'0,#,! _1,%$#'(%23! 09! H+56#'#`! +,>! )'*! )%+,+! -#,./+'0,! _1,%$#'(%23!4+567(!87990:;`*!B!+5!>##6:3!%,>#-2#>!20!-02O!09!2O#5!90'!(7660'2!+,>!$+:7+-:#!(7??#(2%0,(*! HO'07?O072!53! 2O#(%(! 6'0W#N2P!)'*!)%+,+! -#,./+'0,! O+(! (7660'2#>!5#!&%2O!%,$+:7+-:#!+>$%N#P!N055#,2(!+,>!%,(%?O2(*!!

M#5-#'(! 09! (2+99! %,! I,?:%(O! 827>%#(P! +(!&#::! +(! 02O#'! 90'5#'! N0::#+?7#(! +2! 2O#!1,%$#'(%23!09!T++(+P!O+$#!(7660'2#>!5#!%,!$+'%07(!&+3(!%,!53!2O#(%(!6'0W#N2!+,>!53!#$#'3>+3!&0';*!B!2O+,;!53!6'#(#,2!N0::#+?7#(!+2!2O#!D+,;#,!8NO00:!09!IN0.,05%N(!90'!2O#%'!(7660'2!+,>!6+2%#,N#*!

Q%,+::3P!B!+5!%,>#-2#>!20!JHM!D#::#$%![+56%5Y;%P!53!9#::0&!CO)!(27>#,2P!N0:.:#+?7#!+,>!9'%#,>P!90'! 2O#!5+,3!(#((%0,(!&#!O+$#!O+>!%,!2O#!7,%$#'(%23!N+9#2#'%+!&0';%,?! 072! N0,N#62(! 0,! 6+6#'! ,+6;%,(*!H0?#2O#'!&#! O+$#! O+>! 2O#! 6'%$%:#?#! 09!+22#,>%,?! (05#!09!C'09#((0'!D#,'%;!K+O5-#'?f(! N07'(#(! 90'!C0(2!K'+>7+2#! (27.>#,2(*!!

M3!(%,N#'#!?'+2%27>#!+:(0!?0#(!20!2O#!1,%$#'(%23!09!T++(+!+,>!2O#!Q+N7:23!09!CO%.:0(06O3!_90'5#':3!D75+,%2%#(`P!&O%NO!%,!%2(!&%(>05!#56:03#>!5#!+(!+!'#(#+'NO!+((%(2+,2!90'!2&0!2O'##.3#+'!6#'%0>(P!USS].USFF*!/:(0!-#N+7(#!B!O+$#!O+>!2O#!6'%$.%:#?#!09!#,W03%,?!+!2O'##!50,2O(f!2O#(%(!&'%2%,?!?'+,2!-3!)#+,!D+,,7!J+2+W+5Y;%*!B!&07:>! +:(0! :%;#! 20! 2O+,;!53! N7''#,2! #56:03#'P! 2O#!D/@JI@!8NO00:! 09!IN0.,05%N(P! 90'! ?'+,2%,?!5#! :#+$#! 09! +-(#,N#! 90'! 2O0(#!50,2O(*!/2! 2O#! (2+'2! 09!53!'#(#+'NO! 6'0W#N2P! B! '#N#%$#>! 97,>%,?! 9'05! 2&0! 907,>+2%0,(c! %,! USSE! 9'05!D+''3!8NO+75+,(!82%92#:(#!&O0!+&+'>#>!5#!%2(!G07',+:%(2f(!C'%e#!_G07',+:%(26'%(#2`P!#,+.-:%,?!5#! 20!6+'2%N%6+2#! %,!+!&0';(O06!0,! 2O#!/66'+%(+:! 2O#0'3!9'+5#&0';!+2! 2O#!1,%$#'(%23!09!=%'5%,?O+5P!1JP!+,>!%,!USS]!+!?'+,2!9'05!8$#,(;+!J7:27'90,>#,P!#,+-:%,?!5#!20!6+'2%N%6+2#!%,!2O#!BQ84!+2!2O#!1,%$#'(%23!09!83>,#3P!/7(2'+:%+*!

Q%,+::3P!:#2!5#!>#N:+'#!2O+2!B!+5!%,>#-2#>!-#30,>!&0'>(!20!53!O7(-+,>!H0'!/O:.(2'+,>*!<%2O072!O%(!(7660'2!+,>!#,N07'+?#5#,2P!+,>!50(2!09!+::!O%(!6+2%#,N#P!2O%(!2O#(%(!&07:>!,02!#d%(2*!<O#,!B!O+$#!-##,!6'#6+'#>!20!?%$#!76P!O#!O+(!7'?#>!5#!20!N0,2%,7#*!D#! O+(! O+>! 20! #,>7'#!5+,3! (755#'(!&%2O! ?+'>#,%,?! 2%5#! :0(2! +,>! +!,75-#'!09!O02#:!'005!O0:%>+3!(%#(2+(!&%2O!2#d2!'#$%(%0,(*!

60)7)'#-.8%0'&.9:;<.

=)>5?0'((.@A1&,*B

! jB!

!

40,2#,2(!!

/4J@L<[I)KIMI@H8!*********************************************************************************!Bj!

F! B@H"L)14HBL@!*******************************************************************************************!F!F*F! C7'60(#!09!2O#!827>3!*****************************************************************************!R!F*U! HO#!M+2#'%+:c!I>%20'%+:(!+,>!Q#+27'#!820'%#(!****************************************!V!F*R! HO#!M#2O0>!*****************************************************************************************!FU!F*E! C'#$%07(!"#(#+'NO!*******************************************************************************!F\!F*]! 8#k7#,N#!09!2O#!827>3!*************************************************************************!UR!

U! HDI!!6C=6!4DEF!/@)!HDI!G2H-.GI8EFICC.GI=8FIC!*********************!UE!U*F! !"#$"%"&'()*!/N'0((!H%5#!****************************************************************!U]!U*U! M+';#2!"#(#+'NO!+,>!2O#!!"#$".4'0&!*************************************************!RF!

R! 4"BHB4/[!)B84L1"8I!/@/[l8B8c!Q"LM!HDIMI8!HL!"ICI"HLB"I8!*********************************************************************************************!RZ!R*F! )%(N07'(#!+(!+!40,(2'7N2%0,!09!"#+:%23!***********************************************!E]!R*U! "#6#'20%'#(!+(!83(2#5(!09!M#+,%,?!****************************************************!]F!R*R! )#N0,(2'7N2%,?!)%(N07'(#!*******************************************************************!]]!

E! I)BHL"B/[8c!HDI!B@H"L)14HBL@!LQ!)B84L1"8I8!LQ!HDI!!6C=6.4DEF!************************************************************************************************!VS!E*F! HO#!B,>#6#,>#,N#!09!2O#!!"#$".4'0&!*************************************************!VU!

E*F*F! 4O0%N#!********************************************************************************!VR!E*F*U! 40,2'0:!*******************************************************************************!VE!

E*U! HO#!C:#+(7'#(!09!2O#!!"#$".4'0&!********************************************************!V^!E*U*F! C#'(0,+:!C:#+(7'#!***************************************************************!VZ!E*U*U! [00;(!**********************************************************************************!\F!E*U*R! 87NN#((!*******************************************************************************!\R!

E*R! 40,(75#'%(5c!8O066%,?!+,>!823:%,?!*************************************************!\]!E*E! HO#!Q'%#,>(O%6(!09!2O#!!"#$".4'0&!*****************************************************!\Z!

E*E*F! 87660'2!*******************************************************************************!\Z!E*E*U! 8O+'%,?!*******************************************************************************!̂ S!

E*]! H'07-:#c!4+'##'!L-(2+N:#(P!B::,#((!+,>!/((+7:2!**********************************!̂ R!E*V! 8755+'3!*********************************************************************************************!̂ V!

]! QI/H1"I!8HL"BI8c!HDI!8BH1/HI)!<L"[)!MIIH8!HDI!MI)B/HI)!<L"[)!***********************************************************************************!ZS!]*F! HO#!C'%N#!09!40,(75#'%(5!*****************************************************************!ZF!]*U! HO'#+2(!20!2O#![%9#(23:#!09!2O#!!"#$".4'0&!*****************************************!Z^!

]*U*F! 8#d%(5!+,>!D+'+((5#,2!***************************************************!FSU!]*U*U! =#2'+3+:!****************************************************************************!FSV!

]*R! HO'#+2(!072(%>#!2O#!40,2'0:!09!2O#!!"#$".4'0&!*********************************!FFS!]*R*F! T%0:#,N#!+,>!8#d7+:!/((+7:2!*******************************************!FFS!]*R*U! B::,#((!+,>!/NN%>#,2(!*******************************************************!FFV!

]*E! HO#!!"#$".4'0&!"#?+%,%,?!40,2'0:!**************************************************!FUR!

jBB!

!

]*E*F! Q%,>%,?!4:0(7'#!****************************************************************!FU]!]*E*U! M0$%,?!0,*************************************************************************!FU^!

]*]! 8755+'3!*******************************************************************************************!FRE!

V! 4L@4[18BL@8!******************************************************************************************!FR\!

)/H/!8L1"4I8!**********************************************************************************************!FEE!

<L"J8!4BHI)!*************************************************************************************************!FE\!

/CCI@)B4I8!****************************************************************************************************!F]]!/66#,>%d!F!****************************************************************************************************!F]]!/66#,>%d!U!****************************************************************************************************!F]V!/66#,>%d!R!****************************************************************************************************!F]\!/66#,>%d!E!****************************************************************************************************!F]^!/66#,>%d!]!****************************************************************************************************!F]Z!/66#,>%d!V!****************************************************************************************************!FVS!/66#,>%d!\!****************************************************************************************************!FVU!/66#,>%d!^!****************************************************************************************************!FVE!/66#,>%d!Z!****************************************************************************************************!FV]!

C%N27'#(!

A&E2".0)OP!! 40$#'!6+?#!09!JK/.!"#$"%"&'()*P!M+'NO!F^ZE!*******************************!UV!A&E2".0)QP!! 40$#'!09!!"#$"%"&'()*!1J!)#N#5-#'!USFF*!**********************************!UZ!!

! !

!

F! B@H"L)14HBL@!

<05#,f(!5+?+e%,#(!(7NO!+(!!"#$"%"&'()*!+'#!6+'2!09!2O#!>+%:3!:%$#(!+,>!'072%,#(!09! 5+,3! &05#,*! /! ?'#+2! $+'%#23! 09! 2%2:#(! +'#! 67-:%(O#>! '#?7:+':3! +::! 0$#'! 2O#!&0':>P! +,>! 2O#3! %,9:7#,N#! 2O#! :%$#(! +,>! :%9#(23:#! NO0%N#(! 09! 2O#%'! '#+>#'(*! HO#!5+?+e%,#(!+'#!#+(%:3!+NN#((%-:#!+2!,#&((2+,>(!+,>!%,!(76#'5+';#2(!&O#'#!2O#3!+'#!6'#(#,2#>!20!2O#!N0,(75#'(!:%;#!+,3!02O#'!>+%:3!N0550>%23*!HO#3!+'#!+:(0!+$+%:+.-:#!%,!(7NO!6:+N#(!+(!&+%2%,?!'005(!+2!O+%'>'#((#'(f!0'!>#,2%(2(fP!&O#'#!2O#3!099#'!7,>#5+,>%,?!6+(2%5#!'#+>%,?*!!

Q#5%,%,%23! %,! 60(250>#',! #$#'3>+3! :%9#! %(! '#+:%e#>! %,! 6#'90'5+,N#(! &O%NO! +'#!6'#5#>%2+2#>P!6:+,,#>P!2'%#>!072!90'!(7%2+-%:%23!+,>!'#O#+'(#>*!HO#!%,>%$%>7+:!O+(!+!NO0%N#!09! 9#5%,%,%2%#(!&O%NO!(O#!N+,!6#'90'5!&%2O%,!O#'!0&,! :%9#*!Q0'! %,(2+,N#P!=72:#'!_FZZZc!F\\`!+'?7#(!2O+2!9#5%,%,%23!_2O+2!%(!?#,>#'`!%(!,02!#((#,2%+:!-72!'#.$#+:(!%2(#:9!+(!6#'90'5+,N#!+,>!%,!2O#!+N2%0,(!09!2O#!%,>%$%>7+:*!!

HO#!6#'90'5+,N#(!09!9#5%,%,%23!%,!9#5+:#!>05%,+2#>!6'09#((%0,(P!(7NO!+(!,7'(%,?P!+'#!:%;#:3!20!>%99#'!N0,(%>#'+-:3!9'05!2O0(#!%,!5+:#!>05%,+2#>!6'09#((%0,(*)/!60.:%N#&05+,!%(!:%;#:3!20!6#'90'5!O#'!9#5%,%,%23!&%2O072!2O#!2'+>%2%0,+:!(2#'#0236%N+:!2'+%2(!09! 9#5%,%,%23P!+(!MNI:O%,,3!_FZZ]c!UR^`!O+(!(O0&,*! B,!>0%,?!(0P! (O#!&%::!+>+62!20!2O#!'#k7%'#5#,2(!09!O#'!6'09#((%0,!+,>!+>062!2O#!,0'5(!09!O#'!%,(2%272%0,*!!

)%(N07'(#(! >#(N'%-%,?! >%99#'#,2! &+3(! 09! -#%,?! +!&05+,! N%'N7:+2#! %,! (0N%#23*! /!>%(N07'(#!%,!2O#!6'#(#,2!(27>3!%(!7,>#'(200>!20!N0,(2'7N2!+,>!-#!N0,(2'7N2#>!09!+!6+'2%N7:+'! ;%,>! 09! 9#5%,%,%23*!)%(N07'(#(! 09! 9#5%,%,%23P! 2O+2! %(P! 2O#!&+3!&05#,!N+,!6#'90'5!2O#%'!?#,>#'P!5%''0'!2O#!2%5#(!+,>!2O#!%55#>%+2#!N0,2#d2!(7NO!+(!2O#%'!W0-P!O05#!:%9#P!#2N*P!+,>!+:(0!NO+,?#!&%2O!2O#5*!Q0'!#d+56:#P!%,!2O#!FZ]Sf(P!+!5+.2#',+:! >%(N07'(#! &07:>! N0,(2'7N2! 2O#! O05#.5+;#'P! 2O+2! %(P! 2O#! 502O#'! +,>! 2O#!O07(#&%9#P!+,>!+:(0!-#!N0,(2'7N2#>!-3! 2O#!>05%,+,2! '0:#! %560(#>!0,!&05#,! %,!(0N%#23*! =3! N056+'%(0,P! 2O#! >%(N07'(#(! 09!502O#'O00>! %,! N0,2#560'+'3! (0N%#23!5+3!N0,(2'7N2!+!$+'%#23!09!062%0,(!(7NO!+(!-#%,?!+!(%,?:#P!(#:9.(7660'2%,?!502O#'P!+!502O#'!(2+3%,?!+2!O05#!0'!+!N+'##'!&05+,g502O#'P!+,>!+:(0!-#!N0,(2'7N2#>!-3!2O#(#*!)%(N07'(#!N0,(2'7N2(!+!(0N%+:!0-W#N2P!+!6+'2%N7:+'!6#'90'5+,N#!%,!+!(6#N%9%N!N0,2#d2h!N0,$#'(#:3P!0-W#N2(!+,>!6#'90'5+,N#(!+'#!N0,(2'7N2#>!-3!2O#%'!N0,2#d2(*!

/!5+?+e%,#!(7NO!+(!!"#$"%"&'()*!(7??#(2(!20!&05#,!+!>%(N07'(#!09!+,!%>#+:!6#'.90'5+,N#!09!O#'!9#5%,%,%23P!0'!-#%,?!+!&05+,*!HO%(!>%(N07'(#!%,N:7>#(!+>$%N#!0,!:00;(P!(0:72%0,(!20!6'+N2%N+:!0'!6#'(0,+:!6'0-:#5(P!+,>!&+3(!09!5##2%,?!2O#!NO+:.:#,?#(!09!6#'(0,+:!+,>!6'09#((%0,+:!:%9#!+,>!?7%>#!&05#,!20!+>062!&+3(!09!-#O+$.%07'!+,>!02O#'!m2%6(b!90'!+NO%#$%,?!2O#!%>#+:*!87220,!_FZZZc!FVR`!>#(N'%-#(!9#5+:#!%>#,2%23!+(!+!m50(+%N!5+>#!76!09!-%2(!+,>!6%#N#(!(20:#,!9'05!2O#!5#>%+b*!HO7(P!2O#!N0,2#,2(! 09! 2O#! 5+?+e%,#! N0,(2'7N2! -#O+$%07'! 6+22#',(! +,>! %,(2'7N2! &05#,! 20!

U!!!8L().M)#)/*#')!

!

+>062! _7,`'#+:%(2%N! _(05#2%5#(! #$#,! O+'597:`! 50>#:(! 09! m6#'90'5+,N#(b! +(! >#.(N'%-#>!-3!=0'>0!_USSRc!U]RnU]E`*!B,>##>P!&05#,f(!5+?+e%,#(!507:>!2O#!>%(60.(%2%0,(!+,>!+N2%0,(!09!2O#%'!'#+>#'(!%,!2O#!(+5#!&+3!2O+2!:%2#'+27'#!>0#(*!HO#!2'+,(.:+2%0,!(NO0:+'!B2+5+'!I$#,.o0O+'!_FZZSc!ESnEE`!>#(N'%-#(!2O%(!507:>%,?!+(!0,#!09!2O#!97,N2%0,(!09!:%2#'+27'#*!H#d2(!97,N2%0,!+(!50>#:(!90'!6'0>7N%,?!+!?%$#,!-#O+$.%07'*!HO#!5#>%+!+,>!:%2#'+27'#!+'#!%560'2+,2!+?#,2(! %,!(O+6%,?P!90'!#d+56:#P!07'!6#'90'5+,N#!09!+!6+'2%N7:+'!9#5%,%,%23!09!07'!NO0%N#*!

"#+>%,?!&05#,f(!5+?+e%,#(!5+3!099#'!'#+>#'(!m+!2#560'+'3!9+,2+(3!09!+,!%>#+:!(#:9b!+(!D#'5#(!O+(!(O0&,!_FZZ]c!RZ`P!+,>!2O%(!%>#+:!(#:9!%(!6'+?5+2%NP!(0:72%0,.0'%#,2#>! +,>! %,! N0,2'0:*! M+?+e%,#(! +::0&! '#+>#'(! 20! %5+?%,#! 2O#5(#:$#(! &%2O!(;%::(!+,>!NO+'+N2#'%(2%N(!+(!&#::!+(! :%$%,?!+! :%9#!&O%NO!>%99#'(!9'05!2O#!0,#!2O#3!+'#! :#+>%,?*!/:2O07?O! 2O#3! :#+>! 2O#%'! :%$#(! %,! 2O#%'! 0&,!6+'2%N7:+'! (0N%+:!&0':>P!2O+2! %(P! 2O#%'! m(%27+2#>! &0':>bP! 2O#3! +:(0! 7,+$0%>+-:3! -#N05#! 5#5-#'(! 09! 2O#!&0':>!N'#+2#>!-3! 2O#!5#>%+P! 2O#!m5#>%+2#>!&0':>b*!HO#!5#>%+2#>!&0':>!O+(!-#.N05#! 6+'2! 09! 2O#! 50>#',! N7:27'+:! :%9#! +(! (7??#(2#>! -3P! +50,?! 02O#'(P! H0:(0,!_FZZVc!d.d%`*!

/!5+?+e%,#! (7NO! +(!!"#$"%"&'()*! 6'0502#(! +! >%(N07'(#! 09! 9#5%,%,%23! 90N7(#>!:+'?#:3! 0,! (76#'9%N%+:! 2'+%2(! +,>! +66#+'+,N#*! HO#%'! %560'2+,N#! %(! #56O+(%e#>!2O'07?O!5+,3!NO+,,#:(c!%,!2O#!2#d2P!-3!2O#!5+?+e%,#f(!$%(7+:!6'#(#,2+2%0,!09!9:+&.:#((!307,?!&05#,!0,!2O#!N0$#'!+,>!%,!+>$#'2%(#5#,2(*!HO#!>%$%>%,?!:%,#!-#2&##,!2O#! #>%20'%+:! 2#d2! +,>! +>$#'2%(#5#,2(! %(! ,02! +:&+3(! N:#+'P! +(! 90'! #d+56:#!H+:-02!_FZZ]`!O+(!(O0&,*!M0'#0$#'P!2O#!>%(N07'(#!%,!+::!2O#(#!NO+,,#:(!%,N:7>#(!+>$%N#!0,P!+,>!(7??#(2%0,(!09P!60((%-:#!&+3(!09!+NO%#$%,?!2O#!>#(%'#>!6#'90'5+,N#*!H+:.-02!_FZZ]c!FEE`!(O0&#>!O0&!(7NO!+!9#5%,%,%23!%(!6'0502#>!%,!m+>$#'20'%+:(bP!2O+2!%(P!#>%20'%+:!2#d2(!&O%NO!+'#P!%,!9+N2P!+>$#'2%(#5#,2(*!

HO#!>%(N07'(#!2O#!5+?+e%,#!6'0502#(!09!2O#!6#'90'5+,N#!09!+,!%>#+:!9#5%,%,%23!%(!,02!+! '+,>05!N0,(2'7N2%0,*!HO'07?O!5+';#2! '#(#+'NO! 2O#!67-:%(O#'(!O+$#! %>#,2%.9%#>!>0%,?!-#%,?!+,!+22'+N2%$#!&05+,!+(!2O#!5+%,!%,2#'#(2!09!2O#!'#+>#'(P!+,>!2O%(!?'076!2O#3!O+$#!-##,!+-:#!20!(#::!20!2O#!602#,2%+:!+>$#'2%(#'(*!876#'9%N%+:!2'+%2(!+,>!+66#+'+,N#!+'#P!,+5#:3P!9%'5:3!(#2!%,!2O#!%>#0:0?3!09!N0,(7562%0,!+,>!N055#'.N%+:%(5*! /NN0'>%,?! 20! 2O#! 67-:%N%23! (2+2#5#,2! 09! @+2%0,+:!M+?+e%,#(! 4056+,3!

_D#+'(2!5+?+e%,#(!1J*!='+,>(!USFU`P! 2O#!-'+,>!6'060(%2%0,!09!!"#$"%"&'()*! %(!20!-#!m2O#!5+?+e%,#!2O+2!N#:#-'+2#(!97,P!?:+507'P!5#,!+,>!+!6+((%0,!90'!:%9#!+,>!%,(6%'#(!307,?!&05#,!20!-#!2O#!-#(2!2O#3!N+,!-#b*!@+27'+::3P!(7NO!+!6#'90'5+,N#!_20!-#!2O#!-#(2!307!N+,`!'#k7%'#(!N#'2+%,!(;%::(P!200:(!+,>!6'06(!&O%NO!+'#!2O#!N#,.2'+:!N0,N#',!90'!2O#!+>$#'2%(#'(*!/22'+N2%$#,#((!N+,!0,:3!-#!+NO%#$#>!&%2O!2O#!'%?O2!6'0>7N2(*! HO#! 6#'90'5+,N#! 09! +,! %>#+:! 9#5%,%,%23! 6'0502#>! -3! !"#$"%"&'()*!'#(2(!0,!N0,(7562%0,!%,!+!&+3!&O%NO!97(#(!2O#!N0,2#,2(!09!2O#!5+?+e%,#!_9#+27'#!(20'%#(P! +>$#'2%(#5#,2(P! +>$#'20'%+:(P! +>$%N#! N0:75,(P! #2N*`!&%2O! 2O#! N055#'N%+:!

! 8L().M)#)/*#')!!!R!

! !

%,2#'#(2(!09!%2(!+>$#'2%(#'(*!87NN#((!%,!6#'90'5+,N#!%(!'#:+2#>!20!6#'(0,+:!+66#+'.+,N#P!&O%NOP!%,!27',P!%(!'#:+2#>!20!2O#!7(#!09!2O#!6'0>7N2(!09!2O#!+>$#'2%(#'(!+,>!2O#!+>$%N#!6'0$%>#>!-3!%2(!#>%20'%+:!N0,2#,2(*!

HO#!5+?+e%,#!%(!2O#!90'75!&O#'#!+>$%N#!+-072!2O#!(;%::(!+,>!2O#!,#N#((+'3!200:;%2!+'#!>#(N'%-#>!90'!2O#!'#+>#'!20!6#'90'5!O#'!9#5%,%,%23!%,!+!>#(%'+-:#!&+3*!B,>%'#N2.:3P!2O#'#90'#P!2O#!+>$#'2%(#'(!+'#!2O#!(766:%#'(!09!2O%(!+>$%N#*!B,!0'>#'!20!?+%,!2'7(2P!&O%NO! %(! %560'2+,2! %9! 2O#! '#+>#'(!+'#! 20!+NN#62! 2O#!+>$%N#!09! 2O#!5+?+e%,#! _+,>P!2O'07?O!%2P!2O#!m+>$%N#b!09!2O#!+>$#'2%(#'(`P!!"#$"%"&'()*!N0,(2'7N2(!%2(!'#+>#'(!+(!+! N0557,%23! &O#'#! %>#+(! 09! 9#5%,%,%23P! :%9#(23:#! +,>! %,2#'#(2(! +'#! (O+'#>*! HO#!N0557,%23!09!2O#!5+?+e%,#!%(!6'#(N'%-#>!%,!%2(!5+';#2%,?!(:0?+,(P!2O#. +,*-.+/)05&/##.+/$)&/#!+,>!2O#.!"#$".1'0&P!&O%NO!+'#!#NO0#>!2O'07?O072!2O#!N0,2#,2(!09!2O#!5+?+e%,#!-02O!20!+>>'#((!2O#!'#+>#'!+,>P!(%57:2+,#07(:3P!>#(N'%-#!O#'*!B2! %(!+:(0!'#6#+2#>!092#,!0,!2O#!N0$#'*!

D0&#$#'P!20!6'#(#'$#!%2(!N'#>%-%:%23!+(!+!W07',+:%(2%N!6'0>7N2!2O#!5+?+e%,#!,##>(!20!N0,(2'7N2!%2(#:9!+(!'#:#$+,2!20!2O#!'#+>#'*!B2!O+(!20!(O0&!2O+2!%2! %(!+&+'#!09!2O#!#d%(2#,N#!09!2O#!6'0-:#5(!%,!2O#!(%27+2#>!&0':>!09!%2(!'#+>#'(*!Q0'!2O#!(+;#!09!+7.2O#,2%N%23P! 2O#!5+?+e%,#! (#:#N2%$#:3) %,2'0>7N#(! (05#! N056#2%,?!>%(N07'(#(! 9'05!2O#!(%27+2#>!&0':>!(7NO!+(!2'07-:#!09!2O#!;%,>!2O#!!"#$".1'0&!5%?O2!#,N07,2#'!%,!2O+2!&0':>*!H0!5+;#!2O#!N056#2%,?!>%(N07'(#(!+,>!%2(!0&,!>%(N07'(#!09!2O#!!"#$".1'0&!N056+2%-:#P!%2!,##>(!20!6'0$%>#!+>$%N#!0,!O0&!20!>#+:!&%2O!2'07-:#P!2O7(!5+%,.2+%,%,?!%2(!6'0502%0,!09!2O#!%>#+:!6#'90'5+,N#!09!+!!"#$".4'0&!n!&%2O072!:0(%,?!2O#!+72O#,2%N%23*!

HO#!5+?+e%,#!%(!$#'3!(#:#N2%$#!09!2O#!N056#2%,?!>%(N07'(#(!%2!&+,2(!20!%,2'0>7N#*!L,:3!2O0(#!2O+2!N+,!-#!-'07?O2!%,20!:%,#!&%2O!2O#!>05%,+,2!>%(N07'(#!&%::!-#!%,.N:7>#>*! Q0'! #d+56:#P! +! '#W#N2#>! >%(N07'(#!5+3! -#! +! ,0,.N0,(75#'%(2! >%(N07'(#!_2O%(!&07:>!(N+'#!2O#!+>$#'2%(#'(!099`P!&O%:#!02O#'(!5%?O2!-#!2O#!6'0-:#5(!09!#2O.,%N!+,>!(#d7+:!5%,0'%2%#(P!&O%NO!N0,(75#'%(5!N07:>!,02!(0:$#!_+,>!&O%NO!5%?O2!+:(0!(N+'#!099!(05#!09!2O#!+,*-.+/)0&/##.+/$)&/#`*!

B,!&O+2!90::0&(P!2O%(!NO+62#'!&%::!%,2'0>7N#!2O#!O3602O#(%(!+,>!'#(#+'NO!k7#(2%0,(!+(!&#::!+(!2O#!5+2#'%+:!+,>!5#2O0>!09!2O#!6'#(#,2!(27>3P!90::0&#>!-3!+,!0$#'$%#&!09!'#:#$+,2!6'#$%07(!'#(#+'NO*!

F*F! C7'60(#!09!2O#!827>3!!

HO#!90N7(!09!2O%(!(27>3!&%::!-#!0,!2O#!>%(N7'(%$#!N0,(2'7N2%0,!09!+!N0,2#560'+'3!9#5%,%,%23P!>#$#:06#>!%,!2O#!(#,(#!09!67-:%(O%,?!+!5+?+e%,#P!!"#$"%"&'()*-!+,>!#6%205%e#>!&0':>&%>#!+(! 2O#!!"#$".1'0&*!HO#!>#(N'%62%0,!09! 2O%(!9#5%,%,%23!&%::!

E!!!8L().M)#)/*#')!

!

-#!+,+:3e#>!9'05!2O#!60%,2!09!$%#&!09!2O#!>05%,+,2!'#+>%,?!(7??#(2#>!-3!!"#$"5%"&'()*P!:#+$%,?!60((%-:#!,#?02%+-:#!'#+>%,?(!_#*?*!+!'#(%(2+,2!'#+>%,?`!072(%>#!2O#!(N06#!09!2O#!(27>3*!M3!%,$#(2%?+2%0,!&%::!-#!N0,N#',#>!&%2O!2&0!W07',+:%(2%N!?#,.'#(P! 2O#! #>%20'%+:! +,>! 2O#! 9#+27'#! (20'3P! %,! 2O#!1J!#>%2%0,!09!!"#$"%"&'()**!HO#!2#d2(!09!2O#!2&0!?#,'#(!+'#P!+(!%2!+66#+'(P!#,?+?#>!%,!+!>%+:0?7#!&%2O!#+NO!02O#'*!HO#!#>%20'%+:(!6'#(#,2!(05#!09! 2O#!N0,2#,2(!09!#+NO!%((7#! %,!+!,72(O#::!+,>!>'+&!+22#,2%0,! 20! 9#+27'#! (20'%#(! 2O+2! +'#! (##,! +(! (%?,%9%N+,2! 20! 2O#! '#+>#'(! _+! (#::%,?!:%,#`*!805#!09!2O#(#!9#+27'#!(20'%#(!+'#!+:(0!'#9#''#>!20!0,!2O#!N0$#'!+(!2O#!(#::%,?!:%,#!09!+!6+'2%N7:+'!%((7#*!HO#3!5+3!6'0$%>#!50'#!(6+N#!90'!+!&%>#,#>!6#'(6#N2%$#!0,!2O#!-#O+$%07'!+,>!2O#!:%9#!09!2O#!!"#$".1'0&*!HO%(!&%>#'!6#'(6#N2%$#!%,N:7>#(P!,+27'+::3P!(7660'2!90'! 2O#!>05%,+,2!>%(N07'(#P!-72! %2!5+3!+:(0!(7??#(2!N0,2'+>%N.2%0,(P!#$#,!N0,2#(2+2%0,*!

B9P! 0'!&O#,P! 2O%(! (2'7??:#!-#2&##,! 2O#!>05%,+,2!>%(N07'(#! +,>!+! N056#2%,?!>%(.N07'(#!0NN7'(P!2O#!5+?+e%,#!,##>(!20!>#+:!&%2O!6'0-:#5(!%,!(7NO!+!&+3!2O+2!2O#3!>0!,02!90'5!+!2O'#+2!20!2O#!>05%,+,2!>%(N07'(#*!B!&%::!&0';!0,!2O#!+((7562%$#!O3.602O#(%(! 2O+2! 2O#'#! %(! +! p>%$%(%0,!09! :+-07'f! -#2&##,! 2O#! 2&0!?#,'#(P! (0! 2O+2! 2O#!#>%20'%+:(!%,2'0>7N#!2O#!>%(N07'(#(!09!2O#!!"#$".1'0&P!&O%:#!%,!2O#!9#+27'#!(20'%#(!2O#!(%27+2#>!&0':>!5##2(! 2O#!5#>%+2#>!&0':>*!L,!2O#!5+N'0.:#$#:P!!"#$"%"&'()*!'#>7N#(!2O#!N0,9:%N2!-#2&##,!%2(!>05%,+,2!>%(N07'(#P!2O+2!09!2O#!%>#+:!6#'90'5+,N#!09! 2O#!!"#$".1'0&! 9#5%,%,%23P!+,>!N056#2%,?!>%(N07'(#(P!20!+!p6'0-:#5.(0:72%0,f!9'+5#*! Q%'(2! 09! +::P! 2O#! %,2'0>7N2%0,! 09! N056#2%,?! >%(N07'(#(! %(! >0,#! (#:#N2%$#:3!9'05!+50,?!2O#!0,#(!09!%,2#'#(2!20!2O#!'#+>#'(O%6!09!!"#$"%"&'()*P!-72P!(#N0,>:3P!+:(0!%,!(7NO!+!&+3!2O+2!2O#3!N+,!-#!>#+:2!&%2O*!HO#%'!%,N:7(%0,!%,!2O#!5+?+e%,#!%(!502%$+2#>!-3!2O#!,##>!09!+72O#,2%N+2%0,P!-72!2O#3!+:(0!,##>!20!-#!(0:$#>P!+((7'%,?!2O#!'#+>#'!2O+2!m&#!;,0&!&O+2!307'!:%9#!N+,!-#!:%;#bP!+,>!307'!:%9#!N+,!9%,+::3!-#!-'07?O2! %,20! :%,#!&%2O! 2O#! %>#+:! 6#'90'5+,N#! 09! +!!"#$".1'0&*! B9! 2O#! N056#2%,?!>%(N07'(#!%(!:#92!&%2O072!'#972+2%0,P!+,>!2O#!6'0-:#5(!'#5+%,!7,(0:$#>P!2O#!>05%.,+,2!>%(N07'(#!&07:>!-#!>#N0,(2'7N2#>*!!

B,!53!(27>3P!B!&%::!%,$#(2%?+2#P!O0&!!"#$"%"&'()*!0,!2O#!5+N'0.:#$#:!_2O+2!09!2O#!0$#'+::!6%N27'#`!'#>7N#(!2O#!N0,9:%N2!-#2&##,!2O#!>05%,+,2!>%(N07'(#!+,>!N056#2.%,?!>%(N07'(#(!20!+!p6'0-:#5.(0:72%0,f!9'+5#*!B!-+(#!2O#!+((7562%$#!O3602O#(%(!09!2O#! 6'#(#,2! (27>3! 0,! +,! #+':%#'! (27>3! N0,N#',%,?! +>$%N#! %,! 5+?+e%,#! +'2%N:#(*!M+NO%,! +,>!$+,![##7&#,! _USSR`!>%(N0$#'#>! 2O%(! 9'+5#!+,>!N+::#>! %2! 2O#! p6'0-.:#5.(0:72%0,f! (NO#5+! +66#+'%,?! %,! +>$%N#! N0:75,(! +(! &#::! +(! %,! +'2%N:#(*! HO#3!+:(0!907,>P!2O+2!2O#!6'0-:#5.(0:72%0,!(NO#5+2+!2+;#!N7:27'+:!9+N20'(!%,20!+NN07,2!_M+NO%,! q! $+,! [##7&#,! USSRc! ]SF`*! HO#%'! %,$#(2%?+2%0,! 09! '#6'#(#,2+2%0,(! 09!&05#,!+2!&0';!%,!EE!%,2#',+2%0,+:!$#'(%0,(!09!!"#$"%"&'()*!(O0&#>!2O+2!2O#!(0.:72%0,(P!&O%NO!2+;#!2O#!90'5!09!+N2%0,(!0'!(;%::(P!20!(0:$#!2O#!(+5#!6'0-:#5!$+'3!%,!>%99#'#,2! N7:27'#(*! 87'6'%(%,?:3P! 2O#%'! (27>3! (O0&#>! 2O+2! +::!!"#$". 1'0&#! (O+'#>!

! 8L().M)#)/*#')!!!]!

! !

0,#!9#+27'#!'#?+'>:#((!09!2O#!N7:27'#!2O#3!N+5#!9'05c!2O#'#!&+(!,0!(0:%>+'%23!-#.2&##,!&05#,!+,>!,0!'005!90'!9#5+:#!9'%#,>(O%6*!HO#!N7''#,2!(27>3!&%::!%,$#(2%.?+2#P! &O#2O#'! +! -+:+,N#! -#2&##,! 2O#! >%(N07'(#! 09! 2O#!5+?+e%,#! +,>! N056#2%,?!>%(N07'(#(!N+,!-#!+NO%#$#>!2O'07?O!2O#!5+?+e%,#f(!(#:#N2%$#!NO0%N#!09!N056#2%,?!>%(N07'(#(!(#2!&%2O%,!2O#!p6'0-:#5.(0:72%0,f!(NO#5+!09!!"#$"%"&'()**!B2!&%::!+6.6'0+NO! 2O#! 2&0! ?#,'#(! &%2O! 2O#! 5#2O0>0:0?3! 09! 4'%2%N+:! )%(N07'(#! /,+:3(%(!_O#,N#90'2O!4)/`P!+,>!:00;!+2!m6'0-:#5(b!+(!(2+2#5#,2(!&O%NO!%,>%N+2#!N056#2.%,?!>%(N07'(#(*!HO#!2#'5!(2+2#5#,2(!%,!2O#!2#'5%,0:0?3!09!4)/!'#9#'(!20!2O#!N0,.N#62! 09! >%(N07'(#! +(! N0,(%(2%,?! 09! ?'076(! 09! %,2#''#:+2#>! (2+2#5#,2(! _Q07N+7:2!FZ\Uc!FF\`*!/(!%,>%N+2#>!+-0$#P!2O#!(2+2#5#,2(!O+$#!+:'#+>3!-##,!(#:#N2#>!+NN0'>.%,?!20!2O#!%,2#'#(2!09!2O#!5+?+e%,#f(!2+'?#2!'#+>#'(O%6P!+,>!2O#!2+(;!09!2O#!5+?+.e%,#!20!-'%,?!2O#5!%,20!:%,#!&%2O!2O#!%>#+:!6#'90'5+,N#*!!

HO#! #>%20'%+:(! +,>! 9#+27'#! (20'%#(! 09!!"#$"%"&'()*! 6'0$%>#! 2&0! 6#'(6#N2%$#(! 0,!2O#!>%(N07'(#!09!+,!%>#+:!6#'90'5+,N#!09!>0%,?!-#%,?!+!&05+,!%,!2O#!UF(2!N#,27'3*!HO#!#>%20'%+:(!90N7(P!50(2:3P!0,!N0,(2'7N2%,?!2O#!m%5+?%,#>!N0557,%23b!_/,>#'.(0,!FZ^R`!09!'#+>#'.9'%#,>(!&O0!(O+'#!2O#!>05%,+,2!>%(N07'(#!09!2O#!5+?+e%,#!09!+,!%>#+:!9#5%,%,%23P!&O#'#+(!2O#!9#+27'#!(20'%#(!+:(0!%,2'0>7N#!2'07-:#!2O'#+2#,%,?!2O#!5#5-#'(!09! 2O%(!N0557,%23P! 2O#'#-3!60%,2%,?! 20! 2O#!#d%(2#,N#!09!N056#2%,?!>%(N07'(#(!09! 9#5%,%,%23*!HO#!!"#$".1'0&!09! 2O#!#>%20'%+:(! %(!50'#!#d6:%N%2:3! 2O#!6#'(0,%9%N+2%0,! 09! 2O#! >#(%?,+2#>! 2+'?#2! ?'076! 09! 2O#! +>$#'2%(#'(! +:2O07?O! 2O#'#!5%?O2!+:'#+>3!-#!O%>>#,!(7??#(2%0,(!09!+>$#'(%2%#(!+&+%2%,?!2O#!!"#$".1'0&!0,!O#'!:%9#!W07',#3!&O#'#!(O#!5%?O2!,##>!+>$%N#*!HO#(#!'#9#'#,N#(!20!2O#!206%N(!60%,2!20!&O+2!&%::!-#!>#(N'%-#>!%,!(05#!09!2O#!9#+27'#!(20'%#(!2O+2!&%::!90::0&!:+2#'*!B9!&#!(%56:%93! 2O#!>%99#'#,N#!-#2&##,! 2O#! 2&0!?#,'#(P!&#!N07:>!(+3! 2O+2! 2O#!#>%20'%+:(!90N7(!0,!2O#!%>#+:!6#'90'5+,N#P!&O%:#!2O#!9#+27'#!(20'%#(!-'%,?!%,!N056#2%,?!>%(.N07'(#(*!C+'2!09!2O#!97,N2%0,!09!2O#!9#+27'#!(20'%#(!%(P!2O#'#90'#P!+:(0!20!+72O#,2%N+2#!2O#!!"#$".1'0&!09!2O#!#>%20'%+:(P!-3!2#(2%,?!O#'!+,>!6'0$%>%,?!+!(0:72%0,*!!

B,!?#,#'+:P!2O#!9#+27'#!(20'%#(!5+3!(7660'2P!N0,2'+>%N2!0'!#d6+,>!2O#!>%(N07'(#!09!2O#! 6#'90'5+,N#! 09! 2O#!!"#$". 1'0&! +(! #(2+-:%(O#>! %,! 2O#! #>%20'%+:(! _+,>! N0$#'(P!+>$#'2%(#5#,2(P! +>$#'20'%+:(!#2N*`*!<O%:#! 2O#!#>%20'%+:(!?%$#!+! (O0'2O+,>!>#(N'%6.2%0,!09! 2O#!!"#$".1'0&P! 2O#!(2'7N27'#!09! 2O#! 9#+27'#!(20'%#(!+::0&(! 90'!+!,+''+2%$#!>#$#:065#,2! &O%NO!5+3! +:(0! (O0&! N'+N;(! 0'! 9+7:2:%,#(! _N056#2%,?! >%(N07'(#(`!:005%,?!7,>#'!2O#!(7'9+N#!09!+,!02O#'&%(#!N+'#9'##!:%9#*!=3!%,2'0>7N%,?!N056#2%,?!>%(N07'(#(!09!9#5%,%,%23!+,>!?%$%,?!+>$%N#!0,!O0&!20!,#72'+:%e#!2O0(#!>%(N07'(#(P!2O#!5+?+e%,#!+N;,0&:#>?#(!2O#!#d%(2#,N#!09!+!(%27+2#>!&0':>!072(%>#!%2(!0&,!N0,.(2'7N2#>! N0557,%23! +,>P! 2O'07?O! 2O+2P! %2! +72O#,2%N+2#(! %2(! 0&,!5#>%+2#>!&0':>*!D3602O#2%N+::3P!2O#!6'0-:#5.(0:$%,?!&%::!(206!7,&+,2#>!>%(N07'(#(!9'05!%,2'7>%,?!%,20!2O#!:%9#!09!2O#!!"#$".1'0&!2O'07?O!N'+N;(!-#2&##,!2O#!5#>%+2#>!&0':>!09!2O#!

V!!!8L().M)#)/*#')!

!

5+?+e%,#!+,>! 2O#!(%27+2#>!&0':>!_+:(0P! 20!+!?'#+2!#d2#,2P!5#>%+2#>!-3!2O#!5+?+.e%,#`!09!O#'!:%9#*!HO#(#!N+,!-#!(0:$#>P!+,>!2O#!>05%,+,2!>%(N07'(#!'#2+%,#>*!

B,!0'>#'! 20!2#(2! 2O#!+((7562%$#!O3602O#(%(!09!N0,9:%N2!-#2&##,!2O#!>05%,+,2!>%(.N07'(#!09!+,!%>#+:!6#'90'5+,N#!+,>!2O#!5+?+e%,#f(!&+3!09!'#>7N%,?!2O%(!20!+!6'0-.:#5.(0:72%0,!(NO#5+P!2O#!90::0&%,?!'#(#+'NO!k7#(2%0,(!O+$#!-##,!60(#>c!

F`! <O+2!>%(N07'(#(!09!6#'90'5+,N#(!09!2O#!!"#$"!1'0&!+'#!%,2'0>7N#>!%,!2O#!#>%20'%+:(!+,>!&O+2!%(!2O#%'!97,N2%0,!_>05%,+,2P!N056#2%,?`r!!

U`! <O+2!>%(N07'(#(!09!6#'90'5+,N#(!+'#! %,2'0>7N#>! %,! 2O#! 9#+27'#! (20'%#(r!D0&!O+$#! 2O#3!-##,!(#:#N2#>!&%2O!'#9#'#,N#! 20! 2O#!>05%,+,2!>%(N07'(#!_90'!#d+56:#P!N+,!2O#3!-#!-'07?O2!%,20!:%,#!&%2O!2O#!>05%,+,2!>%(N07'(#`!+,>!+:(0!2O#!(%27+2#>!&0':>!09!2O#!'#+>#'(O%6r!

R`! D0&!>0#(!2O#!5+?+e%,#!>#+:!&%2O!N056#2%,?!>%(N07'(#(r!/'#!2O#3!5+>#!N056+2%-:#!&%2O!2O#!>05%,+,2!>%(N07'(#r!4+,!2O#!(#2.76!09!+!N056#2%,?!>%(N07'(#!+,>!%2(!,#72'+:%e+2%0,!-#!'#>7N#>!20!2O#!6'0-:#5.(0:72%0,!6+2.2#',r!

HO#! 2#d2(! 9'05!2&0! W07',+:%(2%N!?#,'#(P!#>%20'%+:(!+,>! 9#+27'#!(20'%#(P!+'#!NO0(#,!9'05!2O#!='%2%(O!#>%2%0,!09!!"#$"%"&'()*!1J!%,!USSE!+,>!USSV*!!

F*U! HO#!M+2#'%+:c!I>%20'%+:(!+,>!Q#+27'#!820'%#(!

HO#! >+2+! 09! 2O%(! (27>3! N0,(%(2#>! 09! 2&0!>%99#'#,2! ?#,'#(c! 2&#:$#! #>%20'%+:(! 9'05!!"#$"%"&'()*!1J!USSE!+,>!E^!9#+27'#!(20'%#(!9'05!!"#$"%"&'()*!1J!USSE!+,>!USSV*! HO#! #>%20'%+:(! '#6'#(#,2#>! #+NO! 50,2O:3! %((7#! 9'05! 0,#! &O0:#! N+:#,>+'!3#+'!0,:3P!(%,N#!2O#!#>%20'%+:(!&#'#!907,>!,02!20!$+'3!57NO!%,!N0,2#,2*!HO#!9#+27'#!(20'%#(!%,N:7>#>!%,!2O#!>+2+!,##>#>!20!5##2!2O#!90::0&%,?!N'%2#'%+c!2O#!(20'3!O+>!20!-#!+,!+NN07,2!09!+!6#'(0,+:!#d6#'%#,N#P!+,>!%2!O+>!20!-#!20:>!-3!+,!0'>%,+'3!&05.+,P!,02!+!N#:#-'%23P!7(%,?!O#'!0&,!&0'>(*!HO#!'#k7%'#>!90'5+2!&+(! 2O+2!09!+!O7.5+,.%,2#'#(2!(20'3!&O%NOP!+NN0'>%,?!20!MN[7O+,!_FZVEc!USE`P!O+(!+!m6'%$+2#!N0,.9#((%0,+:!90'5b!+,>!'#6'#(#,2(!+!m6'%$+2#!$0%N#bP!%,$%2%,?!N0557,+:!6+'2%N%6+2%0,*!H0!+$0%>! +!-%+(#>! (#:#N2%0,P! 2O#!>#N%(%0,!&+(! 2+;#,! 20! %,N:7>#! 2O#! 9%'(2! 2&0!O7.5+,.%,2#'#(2!(20'%#(!09!#+NO!%((7#!5##2%,?!2O#!N'%2#'%+*!

I>%20'%+:(!+,>!9#+27'#!(20'%#(!+'#!'#?+'>#>!+(!?#,'#(!09!,0,.9%N2%0,+:P!&'%22#,!W07'.,+:%(5*!B,!2O%(!(27>3!1/*0/.%(!7,>#'(200>!+(!+!&+3!09!2+:;%,?!+-072!+!(6#N%9%N!+N.2%$%23*!HO%(!%(!&O+2!M+'2%,!_FZ^Ec!U]`!N+::(!+!m?0+:.0'%#,2#>P!67'60(#97:!+N2%$%23b!+,>!M+'2%,!q!"0(#!_USSRc!\`!+!m(2+?#>P!?0+:.0'%#,2#>!(0N%+:!6'0N#((b!6#'90'5#>!

! 8L().M)#)/*#')!!!\!

! !

-3!(6#+;#'(!&%2O!+!67'60(#!+,>!+&+'#,#((!09!%2(!N7:27'+:!N0,2#d2*!B2!%(!+!m(0N%+::3!'+2%9%#>!&+3!09!7(%,?!:+,?7+?#!%,!N0,,#N2%0,!&%2O!+!6+'2%N7:+'!236#!09!(0N%+:!+N2%$.%23b!+(!Q+%'N:07?O!_FZZ]+c!FE`!>#(N'%-#(! %2P! B,!02O#'!&0'>(P!+!?#,'#! %(!+!(0N%+::3!+NN#62#>!&+3!09!7(%,?!:+,?7+?#!90'!+!N#'2+%,!67'60(#*!!

K#,'#(! +'#P! 2O7(P! %>#,2%9%+-:#! +(! +! (2+?#>P! (6#N%9%N! +N2%$%23P! '#N0?,%e#>! %,! 2O#%'!N0,2#d2!-3! 2O#!6+'2%N%6+,2(*!Q0'! %,(2+,N#P!+! 2#:#$%(%0,! %,2#'$%#&!&%2O!+!60:%2%N%+,!&%::!-#!%>#,2%9%#>!+(!+!6+'2%N7:+'!?#,'#P!2O#!60:%2%N+:!%,2#'$%#&P!&O%:#!+!2#:#$%(%0,!N00;! >#:%$#'%,?! '#N%6#(! &%::! -#! %>#,2%9%#>! +(! +,02O#'! ?#,'#P! 2O#! :%9#(23:#! 6'0.?'+55#*!HO#!60:%2%N%+,!5+3!>'+&!0,!+!,75-#'!09!>%(N07'(#(!_2O#!6+'23f(!$%#&`!0,!+!$+'%#23!09!%((7#(P!(7NO!+(!2O0(#!N0,N#',#>!&%2O!2O#!:#$#:!09!2+d+2%0,P!2O#!O#+:2O!N+'#!(3(2#5P!0'! 2O#!>#$#:065#,2!09! 2O#!#>7N+2%0,+:! (3(2#5*!HO#!N00;! %,! 2+:;%,?!+-072! O#'!&0';!5+3! >'+&!0,! +! >%(N07'(#! '#:+2#>! 20! 206%N(! (7NO! +(! #N0:0?%N+::3!6'0>7N#>!900>P!2O#!N0(2!09!6'#9+-'%N+2#>!5#+:(!N056+'#>!20!O05#.N00;#>!0,#(P!0'!2O#!N07'+?#!20!#d6#'%5#,2!&%2O!,#&!%,?'#>%#,2(*!!

HO#!2&0!?#,'#(P!#>%20'%+:(!+,>!9%'(2.6#'(0,!9#+27'#!(20'%#(P!&#'#!NO0(#,!+(!2O#!5+.2#'%+:!90'!2O#!6'#(#,2!(27>3!-#N+7(#!2O#3!(##5#>!20!>%99#'!%,!+!,75-#'!09!'#(6#N2(*!<O%:#!-02O!N07:>!-#!'#?+'>#>!+(!?#,'#(!09!,0,.9%N2%0,+:P!&'%22#,!W07',+:%(5P!&%2O.%,!5#>%+!2#d2(P!2O#!?#,'#(!09!#>%20'%+:(!+,>!9#+27'#!(20'%#(!(#'$#!>%99#'#,2!67'60(#(*!HO#!/B'("0')&!#d6'#((#(!2O#!%>#0:0?%N+:!60(%2%0,!09!2O#!,#&(6+6#'!0'!2O#!5+?+e%,#*!B2!N055#,2(!0,!2O#!N7''#,2!%((7#(!_206%N+:!90'!2O#!5+?+e%,#`!+,>!2+;#(!+!(2+,N#!0,!2O#5P!2O7(!6'09%:%,?!2O#!67-:%N+2%0,*!HO%(!%(!$#'3!57NO!%,!:%,#!&%2O!&O+2!O+(!-##,!907,>!+-072!,#&(6+6#'(*! B,!O#'! '#(#+'NO! %,20! 2O#!#>%20'%+:(!09!F/.="*B/P!I:%(+.-#2O![#!_USFSc!UZ`!(O0&(!O0&!2O#!,#&(6+6#'!6'#(#,2(!%2(#:9!2O'07?O!%2(!#>%20'%+:(!+(!+!(0N%+:!+N20'!%,!%2(!0&,!,+5#*!HO#!,#&(6+6#'!60%,2(!072!2O#!>%'#N2%0,!%2!&+,2(!2O#!(0N%+:!&0':>!20!2+;#P!&O%:#!+2!2O#!(+5#!2%5#!2+;%,?!76!+!60(%2%0,!9'05!&O%NO!%2!m:00;(! +2! 2O#! (0N%+:! &0':>! +,>! %,2#'6'#2(! %2!5#+,%,?97::3b! _[#! USFSc! F^V`*! HO#!#>%20'%+:!09!+!5+?+e%,#!O+(! 2O#!(+5#!0660'27,%23!09!6#'(7+>%,?!%2(! '#+>#'(! %>#0.:0?%N+::3h!!"#$"%"&'()*!O+(!+:(0!NO0(#,!20!7(#!%2(!#>%20'%+:!20!6'0502#!%2(!>05%.,+,2!>%(N07'(#!+,>P! 2O7(P!60%,2!072! 2O#!>%'#N2%0,! %2!&+,2(! 2O#!(0N%+:!&0':>!09! 2O#!'#+>#'(!20!?0*!

HO#!#>%20'%+:!09!+!,#&(6+6#'!+,>!+!5+?+e%,#!N+''%#(!+!(7-W#N2%$#!(2+,N#!&O%NO!2O#!'#+>#'(!'#N0?,%e#!+(!2O#!#d6'#((%0,!09!2O#!%>#0:0?%N+:!60(%2%0,!09!2O+2!67-:%N+2%0,*!B,!+!,#&(6+6#'P!2O#!#>%20'%+:!?#,#'+::3!#d6'#((#(!2O#!099%N%+:!(2+,N#!09!2O+2!,#&(.6+6#'P!,02!2O+2!09!2O#!&'%2#'*!B,!+!5+?+e%,#P!2O#!#>%20'%+:!N+,!-#!_+,>!7(7+::3!%(`!+!90'75!&O#'#!2O#!#>%20'!N+,!-#!50'#!06#,!+-072!O#'!6#'(0,+:!06%,%0,(P!_7,:%;#!%,!2O#!#>%20'%+:!09!+!,#&(6+6#'`P!2O+2!%(P!O#'!(2+,N#P!&O%NOP!09!N07'(#P!,##>(!20!-#!%,!:%,#!&%2O! 2O#! (2+,N#!09! 2O#!5+?+e%,#!HO%(!5#+,(! 2O+2! 2O#!&'%2#'! %,! +!,#&(6+6#'!#>%20'%+:!%(!0,:3!%56:%N%2:3!6'#(#,2!_2O#!$0%N#!%(!2O+2!09!2O#!,#&(6+6#'`P!&O#'#+(!%,!+!5+?+e%,#P!2O#!6#'(0,!%(gN+,!-#!90'#?'07,>#>P!&O%:#!2O#!(2+,N#!09!2O#!5+?+e%,#!

^!!!8L().M)#)/*#')!

!

%(!50'#! %56:%N%2:3! 6'#(#,2*! B,!5+?+e%,#(P! 2O#! #>%20'%+:! %(! (05#2%5#(! #$#,! N+::#>!2O#! /B'("0N#. &/((/0! 20! 7,>#':%,#! 2O+2! %2! %(P! %,>##>P! _(%5%:+'! 20`! +! 6#'(0,+:! N0,2+N2!&%2O!+,!%,>%$%>7+:!'#+>#'*!L92#,P!2O#!&'%2#'(!09!2O#!,#&(6+6#'!#>%20'%+:(!+'#!7,%.>#,2%9%#>!+,>!7,(%?,#>*!B,!(7NO!+!N+(#P!2O#!&'%2#'!%(!50(2!:%;#:3!20!-#!2O#!#>%20'.%,.NO%#9P!2O#!O#+>!09!2O#!5+?+e%,#f(!(2+99!09!N055#,2+20'(P!0'!+,02O#'!(#,%0'!#>%20'*!H0!(75!76P!2O#!#>%20'%+:(!09!,#&(6+6#'(!+'#!%56#'(0,+:!N055#,2(!0,!N7''#,2!+9.9+%'(P!6'0502%,?!(%57:2+,#07(:3! 2O#!,#&(6+6#'f(! %>#0:0?%N+:!(2+,N#P!&O#'#+(! 2O#!#>%20'%+:(!%,!5+?+e%,#(!90'#?'07,>!2O#!6#'(0,+:P!-72!+:(0P!09!N07'(#P!6'0502#!2O#!$+:7#(!09!2O#!5+?+e%,#*!=02O!,##>!20!&0';!0,!;##6%,?!2O#%'!'#+>#'(O%6!+,>!+:(0!(2'#,?2O#,!2O#%'!2%#(!20!2O#%'!2+'?#2!?'076!09!+>$#'2%(#'(*!!

1,:%;#! 2O#! 9#+27'#! (20'%#(P!&O#'#! 2O#! 90'5+2!N+,!$+'3!N0,(%>#'+-:3P! 2O#!#>%20'%+:!O+(! +! 9%d#>! 90'5+2! +(! 20! 2O#! :+3.072! +,>! 2O#! :#,?2O! 09! 2O#! 2#d2*! I+NO! 67-:%(O#'!5+;#(!O#'gO%(!0&,!>#N%(%0,(!+-072! 2O#!90'5+2!09! 2O#!#>%20'%+:*! B,!!"#$"%"&'()*P!2O#! 90'5+2! 09! 2O#! #>%20'%+:(! %(! 6'#(#2*! HO#! #>%20'%+:! N0,(%(2(! 09! (05#! ]SS!&0'>(!_N05672#'!&0'>! N07,2! 6#'90'5#>! 0,! 2O#! #>%20'%+:(! %,! 2O#! >+2+! 09! 2O%(! (27>3`! %,!&O%NO! 2O#!#>%20'!+>>'#((#(!O#'! '#+>#'!>%'#N2:3!7(%,?!#%2O#'!+!,+''+2%$#!0'!+!N05.5#,2+'3*! B2! 2+;#(!N0:75,!90'5P!+!6O020!-3.:%,#! _#%2O#'!60'2'+%2!0'! 97::!-0>3!6%N.27'#`!+,>!2O#!#>%20'f(!(%?,+27'#!n!O+,>&'%22#,! 20! 9:+?!9'%#,>(O%6*!HO#!#>%20'%+:! %(!+:&+3(!6:+N#>!+2!2O#!-#?%,,%,?!09!2O#!5+?+e%,#!(00,!+92#'!2O#!:%(2!09!N0,2#,2(*!B2(!6:+N#! 5+3P! O0&#$#'P! $+'3! 9'05! +,! 0>>! ,75-#'.6+?#! 20! +,! #$#,! ,75-#'.6+?#P!>#6#,>%,?!0,!O0&!5+,3!6+?#(!2O#!-'+,>!+>$#'2%(#5#,2(!+2!2O#!9'0,2!09!2O#!5+?+.e%,#!N0$#'*)

HO#!#>%20'f(!$0%N#!%(!+,!%,(2%272%0,+:%e#>F!0,#*!D#'!$0%N#!+,>!2O+2!09!2O#!5+?+e%,#!+'#!0,#!+,>!2O#!(+5#*!HO#!2+(;!09!2O#!#>%20'!%(!20!>'+&!+22#,2%0,!20!2O#!%>#0:0?%N+:!(2+,N#! 6'0502#>! -3! 2O#!5+?+e%,#! +,>! %2(! +>$#'2%(#'(*! 8gO#! N+2NO#(! 2O#! '#+>#'f(!+22#,2%0,!-3!7(%,?! mO#'gO%(! 6'%$+2#!$0%N#b! +,>!-3! (%57:+2%,?! 9'%#,>(O%6*!Q0'! #d.+56:#P!%,!!"#$"%"&'()*!2O#!#>%20'!(7660'2(!O#'!(2+27(!+(!+,!%,>%$%>7+:!-3!'#9#''%,?!20!2O#!(2+2#5#,2(!09!6#06:#!N:0(#!20!O#'P!(7NO!+(!O#'!N0::#+?7#(P!9'%#,>(!0'!N#:#-'%.2%#(*!HO#!#>%20'%+:(! %,! 2O#!N7''#,2! (27>3!-#+'! 2O#!(%?,+27'#!09! 2O'##!>%99#'#,2!#>%.20'(*!L,#!#>%20'!&+(!'#(60,(%-:#!90'!2O#!#>%20'%+:(!09!G+,7+'3!+,>!Q#-'7+'3!+,>!O#'!(7NN#((0'P!2O#!+N2%,?!#>%20'P!&+(!'#(60,(%-:#!90'!2O#!(#$#,!#>%20'%+:(!9'05!M+'NO!20!8#62#5-#'*!/!,#&!#>%20'!&+(!+660%,2#>!9'05!LN20-#'P!+,>!(O#!&+(!'#(60,(%-:#!90'!2O#!:+(2!2O'##!#>%20'%+:(*!!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!F!! 8##!Q##eP!B#>#5+!+,>!<O%2#!_USS^c!USF`!+,>!2O#!=/B').F'(/0)LO!'#60'2!N0,N#',%,?!+72O0'%+:!

$0%N#!%,!2O#!5#>%+*!HO#3!>%(2%,?7%(O!-#2&##,!2O#!m0-W#N2%$#b!'#60'2#'!_+(!%,!,#&(!+,>!9#+27'#!(20'%#(`!$0%N#!+,>!2O#!m(7-W#N2%$#b!&'%2#'!$0%N#!_+(!%,!N0:75,(P!N055#,2+'3!+,>!#>%20'%+:(`*!

! 8L().M)#)/*#')!!!Z!

! !

B,! 2O#!#>%20'%+:(!09!!"#$"%"&'()*!1J!USSEP! 2O#! 206%N(!$+'3*!HO#!#>%20'!5+3!>#.N%>#!20!'#9#'!20!N7''#,2!(0N%+:!%((7#(!09!%560'2+,N#c!+!(7660'2!:%,#!90'!'+6#!$%N2%5(!_!"#$"%"&'()*!1JP!I>%20'%+:!09!Q#-*!USSE`!0'!6'#$#,2%0,!09!8HB(!_!"#$"%"&'()*!1JP!I>%20'%+:!09!@0$*!USSE`*!8O#!5+3!+:(0!NO00(#!20!6'0502#!2O#!N0,2#,2(!09!2O+2!6+'2%N7:+'!%((7#c!+!,#&!(O066%,?!(#N2%0,!N+::#>!!"#$".CK"%#!_!"#$"%"&'()*!1JP!I>%20'%+:!09!M+'NO!USSE`P!+!9#+27'#!(20'3!+-072!+!='%2%(O!&05#,!(#'$%,?!2%5#!%,!+,!/5#'%N+,!6'%(0,!_!"#$"%"&'()*!1JP!I>%20'%+:!09!@0$*!USSE`P!+,>!2O#!+,,7+:!@+;#>!4#,2'#90:>!9#+27'%,?!5+:#!N#:#-'%2%#(!60(%,?!,+;#>!90'!NO+'%23!_!"#$"%"&'5()*!1JP!I>%20'%+:!09!G7,#!USSE`*!HO#!#>%20'!5+3!+:(0!'#9#'!20!+!'#N#,2!#d6#'%#,N#!(7NO!+(!O+$%,?!-##,!0,!+! '+>%0! (O0&!&%2O!K#'5+%,#!K'##'! _!"#$"%"&'()*!1JP!I>%20'%+:! 09! G+,*! USSE`P! O+$%,?!6+'2%N%6+2#>! %,! 2O#!-%+,,7+:! %,2#',+2%0,+:!!"#$"!#>%20'(f!N0,9#'#,N#!_!"#$"%"&'()*!1JP!I>%20'%+:!09!/7?*!USSE`P!+,>!O+$%,?!5#2!+,! 0:>! 9'%#,>!&O0! '#5%,>#>! O#'! 09! m2O#! 60&#'! 09! 2O#! +>$%N#! ?%$#,! %,!!"#$"b!_!"#$"%"&'()*!1JP!I>%20'%+:!09!M+'NO!USSE`*!B,$+'%+-:3P!O0&#$#'P!2O#!#>%20'%+:(!#,>!&%2O!+!?#,#'+:!&%(O!2O+2!2O#!'#+>#'!&%::!#,W03!2O#!%((7#!0'!+!>%'#N2!(7??#(2%0,c!m(,0*.(".%9;P.+"0.(K/.,&('$)(/.!"#$".4'0&N#.4,'B/.J".4/(('*1.D(.6*.Q.;::.,*'R,/.('%#. +"0. #/B,L('"*. #,LL/##. +0"$.!"#$"N#. %)*/&. "+. /S%/0(#T! _!"#$"%"&'()*! 1JP!I>%20'%+:!09!)#N*!USSE`*!

HO#!+/)(,0/.#("0O!%,!+!5+?+e%,#!%(!+!6%#N#!09!W07',+:%(2%N!'#60'2%,?!&O%NO!+66#+'(!20!-#!50'#!0-W#N2%$#!2O+,!2O#!#>%20'%+:*!"#+>#'(!#d6#N2!9+N2(!+,>!#$#,2(!20!-#!'#.60'2#>!%,!+,!7,-%+(#>!5+,,#'!&%2O072!200!57NO!#d6:%N%2!6#'(0,+:!N055#,2+'3!0'!06%,%0,(!9'05!2O#!W07',+:%(2*!HO#!06%,%0,(!+,>!N055#,2(!N+,!+66#+'!%,!2O#!NO0%N#!09!>#(N'%62%$#!&0'>(!'#:+2#>!20!2O#!9+N2(!+,>!#502%0,(!09!2O#!%,2#'$%#&##*!HO#!9#+.27'#!(20'3!N+,!-#!-+(#>!0,!+,!%,2#'$%#&!&%2O!0,#!6#'(0,!_2O7(!9#+27'%,?!2O#!6#'.(0,+:! (20'3!09! 2O+2! 6#'(0,`! 0'! (#$#'+:! 6#06:#*!<O#,!>#+:%,?!&%2O! +! N0,9:%N2P! 2O#!9#+27'#!(20'3!(O07:>P!09!N07'(#P!+::0&!+::!6+'2%#(!%,$0:$#>!20!-#!O#+'>P!-72!2O%(!%(!O+'>:3!#$#'!2O#!N+(#*!HO#!9#+27'#!%(!+:&+3(!O#'!0'!O%(!(20'3*!/:2#',+2%$#:3P!+!9#+.27'#!(20'3!N+,!-#!N0,(2'7N2#>!+'07,>!2O#!206%N!09!2O#!#>%20'(f!NO0%N#!+,>!(7660'2#>!-3! %,90'5+2%0,!+Nk7%'#>! 9'05!(#$#'+:! (07'N#(*!HO#! 9#+27'#!(20'3!+:(0P!09!N07'(#P!N0557,%N+2#(!2O#!$+:7#(!09!2O#!5+?+e%,#P!+:2O07?O!%2!>0#(!,02!,#N#((+'%:3!>0!(0!0$#'2:3*!HO#!(2+,N#!09!2O#!5+?+e%,#g,#&(6+6#'!%(!%56:%N%2:3!6'#(#,2!%,!W07',+:%(2%N!NO0%N#(!(7NO!+(!2O#!(20'3!%2(#:9!_,02!W7(2!+,3!(20'3!&%::!-#!%,N:7>#>`P!2O#!+,?:#!09!2O#!(20'3P!2O+2!%(P!2O#!#56O+(%(!0,!+,>!#$+:7+2%0,!09!%,90'5+2%0,!+,>!%,2#'$%#&##(!_DX?:7,>!USS^`*!HO#'#90'#P! 2O#! 9#+27'#!(20'3!+:(0P! 90'! %2(!6+'2P!76O0:>(!+,>!(76.60'2(!2O#!5#>%+2#>!&0':>!_+,>!2O#!_%56:%N%2`!>05%,+,2!>%(N07'(#!2O#'#`!N0,(2'7N2.#>!%,!2O#!#>%20'%+:!09!2O#!5+?+e%,#*!

HO#! NO0%N#! 09! +! 9#+27'#! (20'3! %,! +! 5+?+e%,#! (2+'2(! &%2O! 2O#! #>%20'(f! _#>%20'%+:!-0+'>f(`!>#N%(%0,!20!67'(7#!+!6+'2%N7:+'!%((7#*!B2!%(!-+(#>!0,!+!N05-%,+2%0,!09!2O#!#>%20'(f!6'09#((%0,+:!2'+%,%,?!N0,N#',%,?!&O+2!%(!206%N+:!90'!2O#!'#+>#'(!+,>!N05.

FS!!!8L().M)#)/*#')!

!

6+2%-:#!&%2O!2O#!%>#0:0?%N+:!60(%2%0,!09!2O#!5+?+e%,#*!HO#!%>#0:0?3!(#2(!2O#!+,?:#!09! 2O#!(20'3P!+,>!%2!&%::!-#! %,! :%,#!&%2O! 2O#!>05%,+,2!>%(N07'(#!09! 2O#!5+?+e%,#*!HO#!+,?:#P!+?'##>!0,!-3!2O#!#>%20'(!%,$0:$#>P!97,N2%0,(!+(!2O#!'7:#'!+?+%,(2!&O%NO!N056#2%,?!>%(N07'(#(!+'#!5#+(7'#>*!B2!?7%>#(!'#60'2#'(P!N063.#>%20'(!+,>!#>%20'(!2O'07?O! 2O#! 6'0>7N2%0,! 6'0N#((*! Q0'! #d+56:#P! 2O#! 206%N+:%23! 09! 2O#! N0,2#,2(! %,!!"#$"%"&'()*-.&07:>! ,02! %,N:7>#! 206%N(! :%;#! >%(+-%:%23P! (+5#.(#d! '#:+2%0,(O%6(P!>%99%N7:2%#(!09!#2O,%N!5%,0'%2%#(P!+,>!2O#(#!N07:>!,02P!+NN0'>%,?!20!53!+((7562%$#!O3602O#(%(P!-#!-'07?O2!%,!:%,#!&%2O!2O#!>05%,+,2!>%(N07'(#!09!2O#!!"#$"!?%':*!

HO#! N0,2#,2(! 09! +! 9#+27'#! (20'3! +'#! '#N0,(2'7N2#>! _+,>!5#>%+2#>`! (#$#'+:! 2%5#(*!HO#!&'%2%,?!6'0N#((!N0,(%(2(!09!(#$#'+:!(2+?#(P!(7NO!+(!2O#!%,2#'$%#&!-#2&##,!2O#!W07',+:%(2!+,>!2O#!%,2#'$%#&##!_9+N#.20.9+N#P!0$#'!2O#!2#:#6O0,#P!&%2O!2O#!O#:6!09!#.5+%:!5#((+?#(`!90::0&#>!-3!+!2#d2!#>%2%,?!6'0N#((!+,>!+!:+3072!6'0N#((!%,$0:$%,?!-02O!2#d2!+,>!%5+?#(*!/::!2O#(#!(2+?#(!+::0&!90'!(#$#'+:!N0,(2'7N2%0,(!+,>!'#N0,.(2'7N2%0,(!09!2O#!#$#,2(*!Q0'!%,(2+,N#P!9%'(2!2O#!%,2#'$%#&##!&%::!N0,(2'7N2!0,#!$#'.(%0,! 09! #$#,2(! 90'! 2O#! -#,#9%2! 09! O#'! :%(2#,#'g'#+>#'! 2O#! W07',+:%(2P! +,>! 2O#,! 2O#!W07',+:%(2!5+3!_%,!9+N2P!(gO#!&%::`!'#N0,(2'7N2!2O#!5#+,%,?!09!2O#!#$#,2(!>7'%,?!2O#!&'%2%,?! 6'0N#((*! /! (#N0,>! '#N0,(2'7N2%0,P! +,>P! 0NN+(%0,+::3! +! '#.#$+:7+2%,?! 09!5#+,%,?P!0NN7'(!%,!2O#!#>%2%,?!6'0N#((P!+,>!9%,+::3!>7'%,?!2O#!:+3072!6'0N#((!2O#!#$#,2(!5+3!0,N#!+?+%,!-#! '#N0,(2'7N2#>*! B,!02O#'!&0'>(P! 2O#!6'0N#((! 2'+,(90'5(!2O#! (%27+2#>!&0':>! %,20!+!5#>%+2#>!0,#*)HO#!6'0>7N2%0,!6'0N#((!#,(7'#(! 2O+2! 2O#!&+3!%,!&O%NO!5+?+e%,#!+>>'#((#(!%2(!'#+>#'(!%(!N0,(%(2#,2*!

HO#!90'5+2!09! 2O#!9#+27'#!(20'%#(!$+'%#(P! %,!!"#$"%"&'()*!+(! %,!02O#'!5+?+e%,#(P!+NN0'>%,?! 20! >#N%(%0,(! +-072! %560'2+,N#! 09! (20'3P! 6:+N#5#,2! 09! +>$#'2%(#5#,2(P!+,>!,75-#'!09!6+?#(!+$+%:+-:#*!HO#!>#N%(%0,(!+-072!90'5+2!%,9:7#,N#!2O#!90'5!09!2O#!9#+27'#!(20'%#(P!-72!>0!,02!,#N#((+'%:3!>%N2+2#! %2h! 2O#3!N+,!O+$#! 2O#!90'5!09!+!,+''+2%$#P!(#:9.,+''+2%$#P!>%+'3!#,2'%#(P! 2#(2%50,%+:(P!0'!+,3!N05-%,+2%0,!09! 2O#(#*!HO#3! N+,! +:(0! -#!&'%22#,! +(! %,2#'$%#&(! %,! k7#(2%0,! n! +,(&#'! 90'5*! HO#! 9#+27'#!(20'%#(!+66#+'!7,>#'!O#+>%,?(!09!2O#%'!0&,P!+:2O07?O!2O#3!5+3!+:(0!+66#+'!7,>#'!+!(#N2%0,!:+-#:P!&O%NO!%(!%,>%N+2#>!0,!#+NO!6+?#*!HO#3!+'#!%,$+'%+-:3!6'0$%>#>!&%2O!+!p:#+>fP!+,!%,2'0>7N20'3!6+'+?'+6O!&O%NO!%,2'0>7N#(!2O#!206%N!+,>g0'!2O#!%,90'5.+,2(*!

HO#! 9#+27'#! (20'%#(! %,N:7>#>! %,! 2O#!>+2+! 09! 2O#! N7''#,2! (27>3!>#+:!&%2O! 2O#! 9%'(2.O+,>!6#'(0,+:!#d6#'%#,N#(!09!0'>%,+'3!&05#,P!&O0(#!#d6#'%#,N#!5%?O2!-#!7(#97:!20!;,0&! 90'! 2O#!!"#$".1'0&*!HO#!5+?+e%,#! 9:+?(! %2(! O75+,.%,2#'#(2! (20'%#(!&%2O!-+,,#'(!(7NO!+(!m'#+:! :%9#b! 20! %,>%N+2#!2O+2! 2O#3!+'#!-+(#>!0,!'#N07,2#>!6#'(0,+:!#d6#'%#,N#(!&O%NO!2O#!'#+>#'(!5%?O2!(O+'#*!HO#!(20'%#(!&#'#!#%2O#'!+!6#'(0,f(!:%9#!(20'3!0'!2O#!5+?+e%,#f(!'#60'2!0,!+!N7''#,2!%((7#!%,9:7#,N%,?!2O#!:%$#(!09!&05#,*!HO#3!&#'#!-+(#>!0,!2O#!(20'%#(!09!0,#!0'!(#$#'+:!%,2#'$%#&##_(`!+,>!+NN056+,%#>!#%2O#'!-3!(O0'2!2#(2%50,%+:(! 20!%::7(2'+2#! 2O#!%((7#!0'!-3!(O0'2! %2#5(!09!#d6#'2!+>.

! 8L().M)#)/*#')!!!FF!

! !

$%N#*!805#!09!2O#!(20'%#(!+'#!+>$#'2%(#>!+:(0!+(!(#::%,?!:%,#(!0,!2O#!N0$#'P!+,>!%,!2O#! 5+?+e%,#f(! :%(2! 09! N0,2#,2(! 2O#(#! +66#+'! 7,>#'! 2O#! (#N2%0,! m0,! 2O#! N0$#'b*!L2O#'!(20'%#(P! 2O07?O!+:(0!09! 2O#!O75+,.%,2#'#(2! 236#P!>0!,02!+66#+'!+(!+!(#::%,?!:%,#!0,!2O#!N0$#'!-72!+'#!%,(2#+>!:%(2#>!%,!2O#!(#N2%0,!m,#&(U!9#+27'#b!0'!m,#&(!q!'#+:!:%9#b*!HO#!m,#&(!9#+27'#b!(#N2%0,!O+>!%2(!O#+>%,?!NO+,?#>!%,!@0$#5-#'!USSE!20!m,#&(!q!'#+:!:%9#bP!+,>!2O#!,#&!O#+>%,?!&+(!(2%::!%,!7(#!%,!USSV*!805#!9#+27'#!(20'%#(!+'#!O%?O:%?O2#>!+(!%,2#'#(2%,?!%,!2O#!#>%20'%+:*!

HO#!9#+27'#!(20'%#(!09!+!5+?+e%,#!(7NO!+(!!"#$"%"&'()*!099#'#>!+!&%>#!+''+3!09!NO0%N#(!90'!2O#!'#(#+'NO!5+2#'%+:*!L,#!062%0,!&07:>!O+$#!-##,!20!90::0&!2O#!6#'.5+,#,2!(#N2%0,(!O#+>%,?(!_#*?*!m0,!2O#!N0$#'b`*!D0&#$#'P!(7NO!+,!+66'0+NO!5%?O2!O+$#!6'0$#>!20!-#!6'0-:#5+2%N!90'!2O#!67'60(#!09!2O#!6'#(#,2!(27>3!(%,N#!2O#!5+?.+e%,#!9'#k7#,2:3!N05-%,#(!5+2#'%+:!0,!$+'%07(!206%N(!%,!0,#!(#N2%0,!O#+>%,?*!Q0'!%,(2+,N#P!2O#!m,#&(!q!'#+:!:%9#b!(#N2%0,!%,!Q#-'7+'3!USSV!9#+27'#(!0,#!%,2#'$%#&!&%2O!+!&05+,!&O0(#!(%(2#'!O+>!-##,!;%::#>!-3!+!(2+:;#'!_+,!+NN07,2!09!6#'(0,+:!#d6#'%#,N#`!+,>!+!2#d2!+-072!O0&!20!(+9#?7+'>!0,#f(! %>#,2%23!_'#(#5-:%,?!+,!+>.$%N#!N0:75,`*!/,02O#'!062%0,!&07:>!O+$#!-##,!20!(#:#N2!2O#!5+2#'%+:!-3!2O#!206%N!09! 2O#!(20'3!(7NO!+(!$%0:#,N#P!-#2'+3+:P!0'! %::,#((!'#?+'>:#((!09!(#N2%0,*!HO%(! 200P!5%?O2!O+$#!6'0$#>!20!-#!N0,97(%,?P!(%,N#!2O#!5+?+e%,#!5+3!NO00(#!20!>#+:!&%2O!(%5%:+'!206%N(!7,>#'!>%99#'#,2!O#+>%,?(*!40,(#k7#,2:3P!+>$%N#!+-072!(#d!5+3!+6.6#+'!#+':3!%,!2O#!5+?+e%,#!7,>#'!2O#!O#+>%,?!m307,%$#'(#b!_G+,*!USSVh!6+?#!%,>%.N+2%0,(!9'05!F]!20!]^`!0'P!+:2#',+2%$#:3P!:+2#!7,>#'!2O#!O#+>%,?!m:0$#P!(#d!q!(7N.N#((b!_8#62*!USSVh!6+?#!%,>%N+2%0,(!9'05!FSF!20!U]V`*!<O#2O#'!2O#!9#+27'#!(20'3!%(!'#9#''#>! 20! %,! +,! #>%20'%+:! 0'! ,02!&+(!,02! +! N'%2#'%0,! 90'! 2O#! %,N:7(%0,! %,! 2O#! '#.(#+'NO!>+2+!#%2O#'*!HO#!#>%20'%+:(!'#9#'!20!+!&%>#!'+,?#!09!2#d2(!>#6#,>%,?!0,!&O+2!2O#!#>%20'%+:!-0>3!O+$#!&+,2#>! 20!O%?O:%?O2! %,! 2O#!N0,2#,2*!HO#(#!N07:>! %,N:7>#P!90'!#d+56:#P!'#9#'#,N#(!20!+>$%N#!N0:75,(!0'!9+(O%0,!'#60'2(!+,>!,02!(7%2+-:#!90'!53!'#(#+'NO!67'60(#(*!8%,N#!2O#!N'%2#'%0,!90'!%,N:7(%0,!&+(!2O+2!2O#!9#+27'#!(20'3!'#N07,2#>! +!6#'(0,+:! #d6#'%#,N#P! B! %,N:7>#>!+! (20'3! (7NO!+(!mM3!8%(2#'!)0#(,f2!)#(#'$#!20!=#!%,!G+%:b!_!"#$"%"&'()*!1JP!@0$*!USSEc!FS]`P!20!&O%NO!+!'#9#'#,N#!&+(!5+>#!%,!2O#!#>%20'%+:!09!2O+2!%((7#*!=3!N0,2'+(2P!+!2#d2!&%2O!2O#!O#+>%,?!mD0&!H0!=07,N#!=+N;!Q'05!I$#'32O%,?b!_!"#$"%"&'()*!1JP!M+'NO!USSEc!^Z`P!&O%NO!&+(! '#9#''#>! 20! %,! +,! #>%20'%+:P!&+(! #dN:7>#>! (%,N#! 2O#! +>$%N#! ?%$#,!&+(! -+(#>!#,2%'#:3!0,!+!-00;!+,>h!2O#'#90'#P!>%>!,02!'#6'#(#,2!9%'(2.O+,>!6#'(0,+:!#d6#'%#,N#*!M0'#0$#'P!9#+27'#!(20'%#(!&%2O!,+5#(!(7NO!+(!mN#:#-'%23!'#+:!:%9#b!&#'#!#dN:7>#>!+(! 2O#3!&#'#!,02! '#6'#(#,2+2%$#!09! m0'>%,+'3b!&05#,P! %*#*! :%;#! 2O#! '#+>#'(*!L,#!(7NO! (20'3!&+(!mI)#(/*B/0#![%22:#!M0!"+6#!IdN:7(%$#c!<O3! Bf5!C'07>! 20!K%$#!"+6#!T%N2%5(! +! Q+N#b! _!"#$"%"&'()*!1JP! G+,*! USSEc! VE`*!8%5%:+':3P! (20'%#(! '#.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!U!B,!2O#!5+?+e%,#!N0,2#d2!m,#&(b!%(P!,+27'+::3P!,02!>+%:3!,#&(P!-72!'#N#,2!#$#,2(*!

FU!!!8L().M)#)/*#')!

!

(#5-:%,?!+>$%N#!N0:75,(!0'!:+-#::#>!m!"#$"!N+56+%?,b!&#'#!#dN:7>#>!9'05!2O#!5+2#'%+:*! Q0'! #d+56:#P! 2O#'#! &#'#! +>$%N#! N0:75,(gN+56+%?,! (20'%#(P! 092#,! :+.-#::#>!m!"#$"!672(!307!%,!2O#!;,0&bP!&O%NO!&#'#!%::7(2'+2#>!&%2O!(O0'2!2#(2%50.,%+:(!-3!,+5#>!6#'(0,(P!?%$%,?!2O#5!2O#!+66#+'+,N#!09!9#+27'#!(20'%#(*!HO7(!0,#!(7NO!9#+27'#!(20'3!N+::#>!m<O#,!=#+723!H'#+25#,2(!H7',![#2O+:b!_!"#$"%"&'()*!1JP! G+,*! USSVc! \^`!&+(! #dN:7>#>! -#N+7(#! %2!&+(! -7%:2! 76!0,! (O0'2! 2#(2%50,%+:(!0,:3P!&O%NO!6:+N#>!%2!O+:9&+3!-#2&##,!+,!+>$%N#!N0:75,!+,>!+!9#+27'#!(20'3*!

Q%'(2:3P! 2O#! (20'%#(! 09! 2O#! &05#,! %,2#'$%#&#>! N0,2'+>%N2#>! _0'! m>%99#'#>b! 9'05`!2O0(#!09! 2O#! %,(2%272%0,+:%e#>!$0%N#!09! 2O#!#>%20'%+:(*!/:-#%2! 2O+2! 2O#!206%N(!09! 2O#!9#+27'#!(20'%#(!&#'#!NO0(#,!-3!#>%20'%+:!>#N%(%0,! 20!(7%2! 2O#!$+:7#(!09! 2O#!5+?+.e%,#P! 2O#!&05#,!>'#&!760,!#d6#'%#,N#(! 9'05!2O#!(%27+2#>!&0':>!n!0,#!60((%-:3!,02!%,!:%,#!&%2O!2O+2!09!2O#!5+?+e%,#*!HO#%'!+NN07,2(!&#'#!7,>#'(200>!20!>'+&!2O#!'#+>#'f(!+22#,2%0,!20!2O#!(%27+2#>!&0':>!&O#'#!&05#,f(!:%$#(!5%?O2!>%99#'!+!?'#+2!>#+:!9'05!2O0(#!09!2O#!!"#$"!1'0&#*!B,!53!>+2+P!2O#!+NN07,2(!09!2O#!%,2#'$%#&##(!%,! 2O#! 9#+27'#! (20'%#(!+66#+'#>! 20!NO+::#,?#! 2O#! %>#0:0?%N+:! (2+,N#!09! 2O#! %,(2%27.2%0,+:%e#>!$0%N#!09!2O#!#>%20'%+:P!&O%NO!099#'#>!2O#!60((%-%:%23!20!%,$#(2%?+2#!O0&!!"#$"%"&'()*!>#+:(!&%2O! 2O%(!N0,2'+>%N2%0,!+,>!&O#2O#'! %2!5+,+?#(! 20!-'%,?! 2O#!N056#2%,?!>%(N07'(#(!%,!:%,#!&%2O!2O#!>05%,+,2!0,#!09!2O#!+,*-.+/)0&/##.U"$/*V.

F*R! HO#!M#2O0>!

HO#! 2O#0'#2%N+:! 9'+5#&0';! 09! 2O#! 6'#(#,2! (27>3! %(! 4'%2%N+:! )%(N07'(#! /,+:3(%(!_4)/`! +,>! 2O#!5#2O0>! %(! '#6#'20%'#! +,+:3(%(*!HO#! N7''#,2! (27>3! %(! %,2#'>%(N%6:%.,+'3!%,!2O#!(#,(#!2O+2!%2!%(!%,90'5#>!-3!5#>%+!(27>%#(P!?#,>#'!(27>%#(P!+,>!(0N%0:0.?%(2! '#(#+'NO! %,20! >%(N07'(#*! 4)/! >%(2%,?7%(O#(! %2(#:9! 9'05! >%(N07'(#! +,+:3(%(!_)/`! %,! 2O+2! %2!>#+:(!&%2O!60&#'! (2'7N27'#(! (7NO!+(! 2O#!7,#k7+:! '#:+2%0,(O%6!-#.2&##,! 2O#!5#>%+! +,>! 2O#!5#>%+! N0,(75#'*! B2! %(! 2O#'#90'#! +! (7%2+-:#! 200:! 90'! 2O#!>#N0,(2'7N2%0,!09!+!>05%,+,2!>%(N07'(#!(7NO!+(!2O+2!09!!"#$"%"&'()*c!2O#!5+?+.e%,#!%(!%,!+!60(%2%0,!09!60&#'P!9'05!&O%NO!%2!N0,(2'7N2(!+!:%9#(23:#!20!(7%2!%2(!N05.5#'N%+:!67'60(#!+,>! 2O+2!09! %2(! +>$#'2%(#'(*!Q'05! 2O+2!60(%2%0,!09!60&#'P! %2! (7?.?#(2(!2O#!6#'90'5+,N#!09!+!6+'2%N7:+'!9#5%,%,%23!20!%2(!'#+>#'(P!&O0!N+,,02!%,9:7.#,N#!2O#!>%(N07'(#!09!2O#!5+?+e%,#h!2O#3!N+,!0,:3!+NN#62!0'!'#W#N2!%2*!

HO#'#! %(!+!>%$#'(%23!09! 2#'5%,0:0?3!%,! 2O#!9%#:>(!09!4)/!+,>!)/P!>#6#,>%,?!0,!2O#!0'%#,2+2%0,!09!2O#!(NO0:+'(!#%2O#'!20!:%,?7%(2%N(P!(0N%+:!(N%#,N#(P!6O%:0(06O3!0'!#$#,! N0557,%N+2%0,! (27>%#(*! HO#! 50(2! %560'2+,2! N0,N#62(! %,! 53! '#(#+'NO! +'#!B'#L",0#/-. 0/%/0("'0/. )*B. (K/$/V.HO#! 6O%:0(06O#'!M%NO#:! Q07N+7:2! _FZ\Uc! FF\`!'#?+'>(!+!B'#L",0#/!+(!N0,(%(2%,?!09!+!?'076!09!#()(/$/*(#!-#:0,?%,?!20!2O#!(+5#!B'#L,0#'7/. +"0$)('"**!HO#(#! 90'5+2%0,(! +'#. 2O#!0/%/0("'0/#! +NN0'>%,?! 20! 2O#!)/!

! 8L().M)#)/*#')!!!FR!

! !

(NO0:+'(!<#2O#'#::!q!C022#'!_FZ^^c!F\U`*!)%(N07'(#!%,!2O#!6'#(#,2!(27>3!%(!>#9%,#>!+(! +! N0,(2'7N2%0,!09! '#+:%23*!HO%(! %(! %,! :%,#!&%2O! 2O#!&+3! %2! O+(!-##,!>#9%,#>!-3!Q07N+7:2! _FZ\Uc! EZ`! +(! m6'+N2%N#(! 2O+2! (3(2#5+2%N+::3! 90'5! 2O#! 0-W#N2(! 09!&O%NO!2O#3!(6#+;b*!HO#!&+3!&#!2+:;!+-072!+!(0+6!06#'+!(O+6#(!07'!%>#+(!+-072!2O#!(O0&P!+,>!2O#!&+3!&#!2+:;!+-072!+,!#+'2Ok7+;#!N0,(2'7N2(!2O%(!6O#,05#,0,!90'!7(*!Q0'!#d+56:#P! 2O#! &+3!!"#$"%"&'()*! >#(N'%-#(! &05#,! +(! +,*-. +/)0&/##. +/$)&/#! +,>!(O0&(! 2O#5! 20! %2(! '#+>#'(! %,9:7#,N#(! 2O#%'! N0,N#62%0,!09! 2O#!50>#',!&05+,*! B,!2O#!5+?+e%,#P! 2O#! >05%,+,2! >%(N07'(#! >#(N'%-#(! +! 6+'2%N7:+'! ;%,>! 09! 9#5%,%,%23P!2O#!!"#$".1'0&*!L2O#'!>%(N07'(#(! 09! 9#5%,%,%23!5+3! N05#!76! %,! 9#+27'#! (20'%#(P!+,>!2O#(#!+'#!N056#2%,?!&%2O!2O#!>05%,+,2!0,#*!Q0'!#d+56:#P!+!&05+,!&O0!O+(!N0,2'+N2#>!+!(#'%07(! %::,#((!&O%NO!N0,2'0:(!O#'! :%9#P!6'#$#,2%,?!O#'! 9'05!-#%,?!+!+,*.+/)0&/##.+/$)&/-.&07:>!90'5!+!N056#2%,?!>%(N07'(#*!HO#!5+%,!67'60(#!09!53!(27>3!%(!20!%,$#(2%?+2#!O0&!2O#!N056#2%,?!>%(N07'(#(!+'#!,#72'+:%e#>!%,!(7NO!+!&+3!2O+2!2O#3!>0!,02!2O'#+2#,!2O#!>05%,+,2!>%(N07'(#*!!

/(! (2+2#>! +-0$#P! m>%(N07'(#b! N0,(%(2(! 09! m?'076(! 09! (2+2#5#,2(b! N0,(2%272%,?! +!m>%(N7'(%$#! 90'5+2%0,bc! %,! 2O#! N7''#,2! (27>3! 2O#! N#,2'+:! N0,N#62(!7(#>! 20!>#,02#!2O#!2O'##!:#$#:(!+'#.B'#L",0#/-.(K/$/#-!+,>.0/%/0("'0/#*!W'#L",0#/!%,!2O%(!(27>3!%(!7,>#'(200>!20!N0,(2'7N2!%>#,2%2%#(!-3!(3(2#5(!09!5#+,%,?!%,2#'+N2%,?!%,!+,>!&%2O!(0N%+:!N0,2#d2!_Q07N+7:2!USSEc!ZRh!M%::(!USSEc!E]nEV`*!80!!"#$"%"&'()*! %(!(##,!20!N0,(2'7N2! 2O#!9#5%,%,%23!09! 2O#!!"#$".1'0&!-3!>'+&%,?!0,!(05#!>%(N07'(#(!09!9#5%,%,%23! N%'N7:+2%,?! %,! (0N%#23! +,>P! (%57:2+,#07(:3P! +>>%,?! 20! 2O#5*!Q'05! 2O#!4)/!6#'(6#N2%$#P! N0,(2'7N2%,?!5#+,%,?! %,! >%(N07'(#! %(! W7(2! 0,#! #"L')&. %0)L('L/!_#*?*!Q+%'N:07?O!q!<0>+;!FZZ\c!U\^nU\Zh!<0>+;!USSF+c!F`*!L2O#'!#"L')&.%0)L5('L/#!+'#P!90'!%,(2+,N#P!+N2%0,(!+,>!#$#,2(P!&O%NO!%,!+>>%2%0,!20!>%(N07'(#!+'#!&+3(!09!N0,(2'7N2%,?!(0N%+:!6O#,05#,+!%,!2O#%'!N0,2#d2*!Q0'!%,(2+,N#P!+!>%(N07'(#!09!2O#!6#'90'5+,N#!09!9#5%,%,%23!%,!2O#!%,>7(2'%+:%e#>!&0':>!>%99#'(!9'05!+!>%(N07'(#!09!+!&05+,f(!6#'90'5+,N#! %,!+!>#$#:06%,?!N07,2'3*! B,! 2O#!90'5#'!N0,2#d2P!>%(N07'(#!5+3! N0,(2'7N2! 2O#! 6#'90'5+,N#(! 09! +! N+'##'!&05+,P! +!502O#'! +,>! +! O07(#&%9#!'#(6#N2%$#:3! 2O'07?O! '#6#'20%'#(*! B,! 2O#! :+22#'! N0,2#d2P! +! >#$#:065#,2! 6'0W#N2! %,!/9'%N+!90N7(%,?!0,!2O#!&05+,!+(!2O#!;#3!+N20'!%,!2O#!?'0&2O!09!$%::+?#!6'0(6#'%23!5+3!7(#!&05+,!+(!+,!+-:#!9+'5#'!+(!0,#!09!2O#!'#6#'20%'#(*!HO#!>%(N07'(#(!N%'N7.:+2%,?!%,!+!(6#N%9%N!N0,2#d2!N+,!5%''0'!+(!&#::!+(!N'#+2#!2O#!(0N%+:!6'+N2%N#(!09!2O+2!N0,2#d2c! 2O#! N+'##'!&05+,! 90::0&(! 0,#! (0N%+:! 6'+N2%N#P! 2O#!502O#'! +,02O#'P! 2O#!O07(#&%9#!+!2O%'>P!+,>!2O#!9#5+:#!9+'5#'!+!907'2O*!!

)%(N07'(#(! 09! >%99#'#,2! ;%,>(! 09! 9#5%,%,%2%#(! +'#! N0,(2+,2:3! -#%,?! N0,(2'7N2#>!&%2O%,P! 90'! #d+56:#P!&05#,f(!5+?+e%,#(! +,>! +>$#'2%(%,?*!<05#,f(!5+?+e%,#(!+'#! 2+'?#2#>! +2! >%99#'#,2! ;%,>(! 09! '#+>#'(O%6(! +,>! N0,(2'7N2! 2O#%'! >%(N07'(#(! +N.N0'>%,?:3*!HO#!>%(N07'(#(!+,>!2O#%'!m6#'90'5+,N#(b!+'#!2O#,!(7??#(2#>!20!&05#,P!+(!=0'>0!_FZZR`!O+(!(O0&,!&O#,!:%,;%,?P!90'!#d+56:#P!&05#,f(!6#'90'5+,N#!09!

FE!!!8L().M)#)/*#')!

!

2O#%'!9#5%,%,%23!20!50>#',!N0,(75#'!N7:27'#*!B,!2O#%'!>%(N07'(#P!&05#,f(!5+?+.e%,#(! +,>! +>$#'2%(%,?! 2'#+2! 2O#! 9#5+:#! -0>3! +(! 2#d2! &O#'#! m9'##>05! +,>! (#:9.>#2#'5%,+2%0,! s+'#t! N#:#-'+2#>b! _=0'>0!FZZRc!R^`! 20! 2O#!#d2#,2! 2O+2! 2O#!-0>3!,0!:0,?#'!#d%(2(h!%2!%(!0,:3!5+2#'%+:%e#>!+(!5#+,%,?(*!

)%(N07'(#(P!(+3!N0,(2'7N2%,?!9#5%,%,%2%#(!0'!5+(N7:%,%2%#(P!N+,!%,2#'+N2!20!(7660'2!#+NO!02O#'P!-72!2O#3!5+3!+:(0!N0,2'+>%N2!+,>!#$#,!(7-$#'2!#+NO!02O#'*!HO%(!(2'7?.?:#! -#2&##,! >%(N07'(#(! N+,! -#! 7,>#'(200>! +(! 2O#! N056#2%2%0,! 90'! >05%,+,N#!?'07,>#>! %,! '#:+2%0,(!09!60&#'! +,>! %>#0:0?3! _Q+%'N:07?O!USSFc!E]h!M%::(!USSEc!R^`!&O#'#! %>#0:0?3! %(! +! N0,(2'7N2%0,!76O#:>!-3! 2O0(#!&O0!-#,#9%2! 9'05! %2*!)%(.N07'(#(!+'#!0,#!&+3!%,!&O%NO!%>#0:0?%#(!,#?02%+2#!60(%2%0,(!09!60&#'*!/2!2O#!2%5#!09!>#50N'+2%N!#:#N2%0,(P!90'!%,(2+,N#P!2O#!60:%2%N+:!6+'2%#(!%,!N056#2%2%0,!90'!$02#(!&%::! (2'%$#! 20! #(2+-:%(O! 2O#%'! 60(%2%0,(! 2O'07?O!>%(N07'(#(! _N0,N#',%,?!60:%2%N+::3!206%N+:!N0,N#62(!(7NO!+(!2O#!I1!5#5-#'(O%6`!%,!&O%NO!2O#%'!%>#0:0?%N+:!(2+,N#!%(!5+>#!N:#+'! %,!'#:+2%0,!20! 2O+2!09!02O#'!6+'2%#(*!/,02O#'!#d+56:#!N+,!-#!907,>!%,!>%(N07'(#(!(7NO!+(!2O0(#!09!9#5%,%,%2%#(!&O%NO!N%'N7:+2#!%,!(0N%#23*!Q0'!%,(2+,N#P!2O#! 6067:+'! >%(N07'(#! 09!&05+,! +(! 2O#! m>75-! -:0,>#b! %(! N0,2#(2#>! -3! 2O#! >%(.N07'(#!09!9%:5(!(7NO!+(!F/1)&&O.?&"*B/R!&O%NO!>#(N'%-#!O0&!+!&05+,!>%(N0$#'(!2O+2P! -#(%>#(!&#+:2O! +,>!-#+723P! (O#! +:(0!O+(! +,! %,2#::#N27+:! N+6+N%23!&O%NO! (O#!N+,!>'+&!0,*!!

B>#,2%2%#(!N0,(2'7N2#>!-3!>%(N07'(#!+'#!,02!9%d#>!-72!N+,!-#!5+,%67:+2#>*!<05#,!5+3! NO00(#! 20! $+'3! 2O#%'! 6#'90'5+,N#(! 90'! >%99#'#,2! +7>%#,N#(! +,>! N0,2#d2(P! +(!40+2#(!_FZZV`!60%,2(!072*!Q0'!#d+56:#P!+!60:%N#!099%N#'!+2!&0';!6#'90'5(!+,02O#'!;%,>!09!9#5%,%,%23!9'05!2O#!0,#!+2!O05#!&%2O!O#'!NO%:>'#,!+,>!9+5%:3P!+,>P!5+3.-#P!+!2O%'>!0,#!&O#,!(O#!(6#,>(!+,!#$#,%,?!&%2O!O#'!9'%#,>(!%,!O#'!(6+'#!2%5#*!

)%(N07'(#P! (7NO! +(! 2O#! >05%,+,2! >%(N07'(#! 09! 2O#!!"#$".1'0&P! %(! N0,(2'7N2#>! 09!0/%/0("'0/#*!"#6#'20%'#(!O+$#!-##,!%>#,2%9%#>!-3!<#2O#'#::!q!C022#'! _FZ^^c!F\U`!+(!m2O#!-7%:>%,?!-:0N;(!(6#+;#'(!7(#!90'!N0,(2'7N2%,?!$#'(%0,(!09!+N2%0,(P!N0?,%.2%$#! 6'0N#((#(! +,>! 02O#'! 6O#,05#,+b*! Q0'! #d+56:#P! %,! 2O#! 0:>! !"#$"%"&'()*.&O#'#!2O#!>05%,+,2!>%(N07'(#!&+(!2O+2!09!+!O05#5+;#'P!2O#!>#(N'%62%0,(!09!O0&!(O#!N00;(!#dN#::#,2!>%,,#'(!90'! 2O#!9+5%:3P! :00;(!+92#'!O#'!NO%:>'#,!+,>!O7(-+,>!+,>!,#$#'!672(!O#'!0&,!,##>(!9%'(2!N07:>!-#!(7NO!'#6#'20%'#(*!!

E/%/0("'0/#!+'#!2O#!'#N0?,%(+-:#!6+22#',(!90'5#>!-3!'#N7''%,?!2O#5#(*!"#N0?,%(+.-:#!6+22#',(!%,!>%(N07'(#!&#'#!9%'(2!%>#,2%9%#>!&%2O%,!2O#!(0N%+:!(N%#,N#(!-3!(0N%0:.0?%(2(! K%:-#'2! +,>! M7:;+3! _FZ^E`! &O0! ,+5#>! 2O#5! '*(/0%0/()('7/. 0/%/0("'0/#*!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!R!! F/1)&&O.?&"*B/!;!(2+''%,?!"##(#!<%2O#'(600,!+(!2O#!-:0,>!:+&!(27>#,2!&+(!'#:#+(#>!-3!MKM!

%,!USSFP!F/1)&&O.?&"*B/.9!%,!USSR*!

! 8L().M)#)/*#')!!!F]!

! !

HO#3!907,>!2O+2!(N%#,2%(2(!"01)*'X/B!2O#%'!+NN07,2(!20!>#(N'%-#!+,>!?%$#!2O#%'!%,.2#'6'#2+2%0,!09!+N2%0,(!+,>!-#:%#9(!%,!+!&+3!(7%2+-:#!20!+!(6#N%9%N!N0,2#d2!_K%:-#'2!q!M7:;+3!FZ^Ec!FE`*!<%2O%,!(0N%+:!6(3NO0:0?3P!<#2O#'#::!+,>!C022#'!_FZ^^`!O+$#!90::0&#>!K%:-#'2! +,>!M7:;+3! +,>! 7(#>! 2O#! (+5#! N0,N#62! 09! 2O#! '#6#'20%'#c! 2O#!2#'5!%,2#'6'#2+2%$#!'#6#'20%'#(*!<%2O%,!(0N%0:%,?7%(2%N(P!87,>#':+,>!_USSEc!E\`P!90'!#d+56:#P!'#9#'(!20!'#6#'20%'#(!+(!N07,2+-:#!>%(N07'(#(!+,>!N+::(!2O#5!B/#L0'%('7/P!7,>#'(2+,>%,?! 2O#%'! 97,N2%0,! +(! -#%,?! 20! >#(N'%-#*! /:(0! &%2O%,! (0N%0:%,?7%(2%N(P!M%::(!_USSEc!EE`!7(#(!2O#!N0,N#62!09!N07,2+-:#!>%(N07'(#(!+,>!>#(N'%-#!2O#%'!N0,.(2%27#,2(!+(!m&#-s(t!09!6'+N2%N#(bP! 2O+2! %(P!&+3(!09! 2+:;%,?!+-072!+!(6#N%9%N! 206%NP!+,!#$#,2!0'!+,!0-W#N2P!2O7(!N0,(2'7N2%,?!%2*!!

HO#! 2O%'>! %560'2+,2! #:#5#,2! %,! 2O#! N0,N#627+:! 9'+5#&0';! 09! 2O%(! (27>3! %(! 2O#!(K/$/V.JK/$/#!+'#!%,>%$%>7+:!(2+2#5#,2(!+-072!+,!#$#,2!0'!+,!0-W#N2!+,>!2O#3!'#.N7'! 20!90'5!'#6#'20%'#(*.M3!>#9%,%2%0,!09. 2O#!2O#5#!90::0&(!2O+2!-3!M%::(!_USSEc!]E`!&O0!O+(!>#(N'%-#>!2O#5#(!+(!:%,?7%(2%N!#:#5#,2(!&O%NO!$+'3!%,!:#,?2O!9'05!+!&0'>!+,>!+,!#d6'#((%0,!20!+!&O0:#!(#,2#,N#*!/:(0!_Q07N+7:2!FZ\Uc!RU`!>#(N'%-#>!2O#5!+(!0NN7''%,?! %''#?7:+':3!0$#'! 2%5#*!<O#,! 2O#3!N0,(2'7N2!0,#!+,>! 2O#! (+5#!0-W#N2! 2O#3!90'5!?'076(!&O%NO!+'#! 2O#!>%(N7'(%$#! 90'5+2%0,(!09!Q07N+7:2! _FZ\Uc!R^`P!2O+2!%(P!+!2'+N#+-:#!2O#5+2%N!'#?7:+'%23*!Q0'!#d+56:#P!+!'#6#'20%'#!09!#dN#::#,2!>%,,#'(!N07:>!N0,(%(2!09!2O#5#(!(7NO!+(!>#:%N%07(!5#+:(!+2!-+'?+%,!6'%N#(P!5+;%,?!50(2!900>(!+2!O05#P!#2N*!/:(0P!%9!+!'#6#'20%'#!09!9'%#,>(O%6!%(!6+'2!09!2O#!>%(N07'(#!09! 2O#! 9#5%,%,%23! 09! 2O#! !"#$". 1'0&P! 2O#5#(! 09! 9'%#,>(O%6! 5%?O2! '#9#'! 20! 2O#!(2'#,?2O!09!9'%#,>(O%6P!2O#!%560'2+,N#!09!%2P!+,>!6'#(#'$%,?!9'%#,>(O%6*!HO#!2O#5#(!N+,!0NN7'!%,!>%99#'#,2!#>%20'%+:!2#d2(!+,>!'#9#'!20!$+'%07(!N0,2#d2(P!(7NO!+(!+!(NO00:!'#7,%0,P!%,!+,!+>$%N#!N0:75,P!0'!%,!+!6#'(0,+:!:#22#'*!H0?#2O#'!2O#3!90'5!+!?'076!N0,(2'7N2%,?!2O#!6#'90'5+,N#!09!9'%#,>(O%6(c!+!'#6#'20%'#!09!9'%#,>(O%6*!

HO#!?'076(!09! '#N7''%,?! 2O#5#(! %,! 2O#! #>%20'%+:(! +,>! 9#+27'#! (20'%#(! N+,! 2O7(!-#!%>#,2%9%#>!+(!'#6#'20%'#(*!<O#,!%>#,2%9%#>P!'#6#'20%'#(!N+,!-#!N:+((%9%#>!+NN0'>%,?!20! 2O#%'! 2O#5#(P! +,>! ,+5#>*! HO#! 6'%,N%6+:! '#6#'20%'#(! +'#! #d6#N2#>! 20! 90'5! 2O#!>%(N07'(#!09!2O#!!"#$"!1'0&.Y).+,*-.+/)0&/##.+/$)&/ZP!&O%:#!02O#'(!+'#!#d6#N2#>!20!90'5!+!(7-$#'2%,?!_0'!N056#2%,?`!>%(N07'(#*!HO#!60%,2!09!%,2#'#(2!&%::!-#!2O#!%,2#'.9+N#!&O#'#! '#6#'20%'#(!5##2!+,>!O0&! 2O#!5+?+e%,#!>#+:2!&%2O! 2O0(#! 9'05!+!>%(.N07'(#!NO+::#,?%,?!2O#!>05%,+,2!0,#*!

HO#! +((7562%$#! O3602O#(%(! &%::! -#! 2#(2#>! %,! 2O%(! (27>3! -3! +,(&#'%,?! 2O#! 2O'##!k7#(2%0,(!(#2!+-0$#!N0,N#',%,?!2O#!>%(N07'(#(!09!2O#!6#'90'5+,N#(!09!2O#!!"#$".1'0&!%,!2O#!#>%20'%+:(!+,>!9#+27'#!(20'%#(!'#(6#N2%$#:3P!+,>!O0&!2O#!5+?+e%,#!>#+:(!&%2O! N056#2%,?! >%(N07'(#(*! HO%(! %(! >0,#! -3! N0,>7N2%,?! 2O#! (2+?#(! 09! '#6#'20%'#!+,+:3(%(!>#(N'%-#>!-3!C022#'!+,>!<#2O#'#::!_FZ^\`*!<#2O#'#::!+,>!C022#'!>#(N'%-#!'#6#'20%'#(! +(! (7%2+-:#! -+(%N! +,+:32%N! 7,%2(! _FZ^^c! FVZ`! N0,(%(2%,?! 09! +! m:%5%2#>!

FV!!!8L().M)#)/*#')!

!

'+,?#!09!2#'5(b!>#'%$%,?!9'05!N#'2+%,!5#2+6O0'(P!+,>!(%?,+::#>!-3!N#'2+%,!#d6'#(.(%0,(!0'!m9%?7'#(!09!(6##NOb!_FZ^^c!F\U`*!

HO#!2#,!(2+?#(!09!2O#!6'0N#((!09!C022#'!+,>!<#2O#'#::f(!_FZ^\`!'#6#'20%'#!+,+:3(%(!+'#!+(!90::0&(*!HO#!9%'(2!(2+?#!%(!(#22%,?!2O#!'#(#+'NO!k7#(2%0,(P!(2+?#!2&0!N0,(%(2(!09!(#:#N2%,?!2O#!>+2+P!+,>!(2+?#!2O'##!%(!2O#!N0::#N2%0,(!09!'#N0'>(!+,>!>0N75#,2(*!82+?#(!907'!+,>!9%$#!N0,(%(2!09!2O#!%,2#'$%#&(!&%2O!'#(60,>#,2(!+,>!2'+,(N'%62%0,!09! 2O#! 5+2#'%+:*! HO#! 67'60(#! 09! (2+?#! (%dP! 2O#! N0>%,?P! %(! 20! %>#,2%93! 60((%-:#!2O#5#(!+,>!>#N%>#!0,!2O#!?'076(!20!&O%NO!2O#3!5%?O2!-#:0,?*!B,!(2+?#!(#$#,P!2O#!+N27+:!+,+:3(%(P! 2O#!?'076(!09! '#N7''%,?! 2O#5#(!+'#! %>#,2%9%#>!+(! '#6#'20%'#(*!HO#!$+:%>+2%0,!09!2O#!9%,>%,?(!%(!(2+?#!#%?O2P!+,>!2O#!&'%2%,?!09!2O#!'#60'2!%(!(2+?#!,%,#*!HO#! 2#,2O! +,>! 9%,+:! (2+?#! %(! 2O#! +66:%N+2%0,! 09! 2O#! 9%,>%,?(! +NN0'>%,?! 20! 2O#! '#.(#+'NO!N0,$#,2%0,(!09!(0N%+:!'#(#+'NO*!_C022#'!q!<#2O#'#::!FZ^\c!FVS.F\V`!)

H0!(7%2! 2O#!67'60(#!09! 2O#!N7''#,2!(27>3P! 2O#!+,+:3(%(!6'0N#((!O+(!-##,!50>%9%#>!9'05!2O#!0,#!072:%,#>!-3!C022#'!+,>!<#2O#'#::!_FZ^\`*!HO#!+,+:3(%(!2O7(!N0,(%(2(!09!2O#!90::0&%,?!(2+?#(c!82+?#!0,#P!2O#!(#22%,?!09!2O#!'#(#+'NO!k7#(2%0,h!(2+?#!2&0!(#:#N2%,?!2O#!>+2+h!(2+?#!2O'##P!2O#!N0::#N2%0,(!09!'#N0'>(!+,>!>0N75#,2(P!&O%NO!%,!2O#! N7''#,2! (27>3!5#+,2! -+N;?'07,>! %,90'5+2%0,! +,>! (2+2%(2%N(! N0,N#',%,?!!"#5$"%"&'()*P! %2(! N%'N7:+2%0,P! 9%,+,N%+:! >#$#:065#,2P! +,>! 2O#! 6'%,N%6:#(! -#O%,>! 2O#!&0';!09! 2O#!#>%20'(*!82+?#(! 907'!+,>! 9%$#P! %,2#'$%#&(!&%2O! '#(60,>#,2(!+,>! 2'+,.(N'%62%0,!09! 2O#!5+2#'%+:P!&#'#!05%22#>*!=3!N0,2'+(2P! (2+?#!(%dP! 2O#!N0>%,?!09! 2O#!2O#5#(P!&+(!7,>#'2+;#,!&%2O!?'#+2!N+'#P!+(!&+(! (2+?#!(#$#,P! 2O#!+,+:3(%(!&O#'#!'#6#'20%'#(!&#'#! %>#,2%9%#>*! HO#! 9%,>%,?(!&#'#! $+:%>+2#>! %,! (2+?#! #%?O2P! +,>! 2O#!&'%2%,?!09!2O#!'#60'2!&+(!7,>#'2+;#,!%,!(2+?#!,%,#*!HO#!2#,2O!+,>!9%,+:!(2+?#!&+(!2O#!>'+&%,?!09!N0,N:7(%0,(*)

HO#!N0>%,?!+2!(2+?#!(%d!6'0$%>#(!2O#!907,>+2%0,!90'!2O#!#,(7%,?!+,+:3(%(*!HO%(!%(!&O#'#! 2O#! '#N7''%,?! 2O#5#(!+'#! %>#,2%9%#>!+,>! 2O0(#! '#:+2#>! 20!#+NO!02O#'! (0'2#>!%,20!?'076(*!/2!(2+?#!(#$#,P!2O#(#!?'076(!5+3P!0'!5+3!,02P!-#!907,>!20!90'5!'#6.#'20%'#(*!HO#!#d+56:#!-#:0&!%::7(2'+2#(!O0&!2&0!2O#5#(!'#9#''%,?!20!2O#!-#O+$%07'!09!2O#!!"#$".1'0&!'#N7'!20!90'5!+!'#6#'20%'#!&O%NO!7:2%5+2#:3P!5+3!-#!6+'2!09!2O#!5+?+e%,#f(!>05%,+,2!>%(N07'(#!09!2O#!!"#$".1'0&!9#5%,%,%23*!HO#!2O#5#(!2O+2!N+,!-#!%>#,2%9%#>!%,!Id+56:#!_F`!+'#!(#:9.!N0,9%>#,N#!+,>!%,>%$%>7+:%23*!

_F`!B!O+$#!+:&+3(!-##,!+!!"#$"!_%2+:%N(!%,!2O#!0'%?%,+:`!?%':!s***t!!B2!&+(!!"#$".s***t!2O+2!5+>#!5#!-#:%#$#!B!4L1[)!_N+6%2+:(!%,!2O#!0'%?%.,+:`*!

B!N07:>!:#+$#!2O+2!-039'%#,>P!&O0!O+>!'#>7N#>!53!(#:9.#(2##5!20!2O#!(%e#!09!+!6#+*!B!N07:>!:#+',!20!:0$#!_&#::P!:%;#`!53!?%,?#'!O+%'a!

B! N07:>! :#+',! 20! 236#P!50$#! 20![0,>0,! +,>! N0,! (05#0,#! %,20! +N27+::3!#56:03%,?!5#*!_!"#$"%"&'()*!1JP!I>%20'%+:P!LN2*!USSE`!

! 8L().M)#)/*#')!!!F\!

! !

HO#!2O#5#(!-#:0,?!20!2O#!(+5#!'#6#'20%'#h!0,#!&O%NO!N07:>!-#!,+5#>!+!'#6#'20%'#!09!%,>#6#,>#,N#*!/(!2O#!2O#5#(!'#N7'!+,>!+'#!(7660'2#>!-3!02O#'!'#:+2#>!2O#5#(P!2O#! 6+22#',! 2O#3! 90'5! &%::! -#N05#! N:#+'#'! +,>! 2O#! '#6#'20%'#! N+,! -#! 6'06#':3!,+5#>*!B,!2O%(!#d+56:#P!2O#!'#N7''%,?!2O#5#(!09!N07'+?#!20!>0!(05#2O%,?!_D.L",&B!'#6#+2#>!2O'##!2%5#(`!+,>!+NN#62+,N#P!+,>!#$#,!:0$#!09!0,#(#:9P!(7??#(2(!2O#!'#6.#'20%'#! 09! '#?+%,%,?! :0(2! (#:9.N0,9%>#,N#! +,>! >#2#'5%,+2%0,*! 8#:9.N0,9%>#,N#! +,>!%,>%$%>7+:%23! +'#! (7660'2#>! -3! O#'! >#2#'5%,+2%0,h! (O#! &%::! '%>! O#'(#:9! 09! >#+>!&#%?O2!_2O#!-039'%#,>`P!50$#P!+Nk7%'#!(;%::(!+,>!9%,>!+!W0-*!87NO!%(!2O#!-#O+$%07'!09!+,!%,>#6#,>#,2!!"#$".1'0&a!

B,!2O#!+,+:3(%(!6'0N#((!2O#!'#N7''%,?!2O#5#(!90'5%,?!2O#!'#6#'20%'#(!09!2O#!#>%20'%.+:(! +,>! 2O#! 9#+27'#! (20'%#(! &%::! -#! %>#,2%9%#>*! HO#! #5#'?%,?! '#6#'20%'#(! &%::! -#!,+5#>P!-02O! 2O0(#! 90'5%,?! 2O#!5+?+e%,#f(!>05%,+,2!>%(N07'(#!09! 2O#! %>#+:!6#'.90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23P!+,>!2O0(#!90'5%,?!+!N056#2%,?!>%(N07'(#!7,>#'5%,%,?! 2O+2! 09! O#'! %>#+:! 6#'90'5+,N#*! Q0'! #d+56:#P! %,! +,! #>%20'%+:P! 0,#!2O#5#!5+3!-#! +0//B"$! +(! %,! m9'##>05! 20! 2'+$#:! 2O#!&0':>b! _!"#$"%"&'()*!1JP!I>%20'%+:P!G+,*!USSE`h!+,02O#'!5%?O2!-#!LK"'L/!+(!%,!2O#!m5+,3!NO0%N#(!+$+%:+-:#b!20!&05#,!_!"#$"%"&'()*!1JP!I>%20'%+:P!/7?*!USSE`*!H0?#2O#'!2O#(#!2O#5#(!%,>%.N+2#!2O#!60((%-:#!#d%(2#,N#!09!+!'#6#'20%'#!&O%NO!>#(N'%-#(!2O#!!"#$".1'0&N#!6#'.90'5+,N#!09!O#'! '*B/%/*B/*L/*! B,!+! 9#+27'#!(20'3P!-3!N0,2'+(2P!+! 2O#5#!N07:>!-#!2O+2!09!>#-2(P!(7NO!+(! :0+,(!+NN757:+2#>!&O%:#!+2!7,%$#'(%23! _!"#$"%"&'()*!1JP!/6'%:!USSVc!ZE`*!HO#!2O#5#!5+3!60%,2!20!2O#!#d%(2#,N#!09!+!'#6#'20%'#!09!+'*)*L')&.(0",[&/!&O%NO!%,!27',!%,>%N+2#(!2O#!#d%(2#,N#!09!+!N056#2%,?!>%(N07'(#!:%5%2%,?!2O#!!"#$".1'0&N#!NO0%N#(!+,>!O#'!6#'90'5+,N#!09!O#'!%,>#6#,>#,N#*!

F*E! C'#$%07(!"#(#+'NO!

HO#!:+(2!2&0!>#N+>#(!0'!(0!O+$#!&%2,#((#>!+!,75-#'!09!(27>%#(!%,20!>%(N07'(#(!09!9#5%,%,%23!+,>!2O#%'!6'0>7N2%0,!+(!6+'2!09!2O#!k7#(2!20!>#9%,#!2O#!$+'%07(!'0:#(!09!&05#,!%,!N0,2#560'+'3!(0N%#23*!HO#!9%#:>!09!'#(#+'NO!50(2!'#:#$+,2!20!2O#!N7''#,2!(27>3!N0,(%(2(!09!(27>%#(!09!2O#(#!>%(N07'(#(!%,!&05#,f(!5+?+e%,#(*!805#!(NO0:.+'(! O+$#! %,$#(2%?+2#>! 2O#! >#$#:065#,2! 09!&05#,f(!5+?+e%,#(! +(! +! N055#'N%+:!6'0>7N2P! %,N:7>%,?! 2O#!-'+,>%,?!09! +!5+?+e%,#! 2O'07?O! %2(! N0,2#,2(P! 6+'2%N7:+':3!2O#!N+(#!09!2O#!!"#$".1'0&!09!!"#$"%"&'()**!L2O#'(!O+$#!(27>%#>!'#+>#'!'#N#62%0,!+,>! '#+>#'(f! 7(#! 09! '#6#'20%'#(! 20! >#(N'%-#! _0'! W7(2%93g#d6:+%,`! 2O#%'! '#:+2%0,(O%6!&%2O!2O#!5+?+e%,#*!805#!O+$#!#d6:0'#>!O0&!&05#,!7(#!'#6#'20%'#(!20!N0,(2'7N2!2O#%'!0&,!9#5%,%,%23!%,!-%0?'+6O%N+:!,+''+2%$#(!&%2O%,!2O#!5#>%+!+,>!072(%>#!%2*!

/,!#d+56:#!09!'#(#+'NO!%,20!&05#,f(!5+?+e%,#(!+(!+!N055#'N%+:!6'0>7N2!%(!2O#!(27>3!N+''%#>!072!-3!K07?O.l+2#(! _USSR`P!&O0!#d+5%,#>! 2O#!6'0>7N2%0,!09!>%(.

F^!!!8L().M)#)/*#')!

!

N07'(#(!-3!&05#,f(!5+?+e%,#(!%,!'#:+2%0,!20!2O#!N055#'N%+:!>#5+,>(P!90N7(%,?!0,!2O#!N0,,#N2%0,!-#2&##,!67-:%(O%,?P!5+';#2(!+,>!'#+>#'(O%6(!+,>!2O#!&+3!2O%(!N0,,#N2%0,!>%N2+2#(!2O#!N0,2#,2(!09!2O#!&05#,f(!5+?+e%,#(*!K07?O.l+2#(!60%,2(!072!2O+2!2O#!>%(N07'(#!09!2O#!m,#&!&05+,b!+,>!O#'!:%9#(23:#!&+(!2O#!N0,(2'7N2%0,!09!5#>%+!6'09#((%0,+:(P!(7NO!+(!67-:%(O#'(P!W07',+:%(2(!+,>!+>$#'2%(#'(P!&O0!W0%,2:3!N0,(2'7N2#>!O#'*!HO#!m,#&!&05+,b!&+(! 2+%:0'#>! 20!(7%2! 2O#!307,?P!5%>>:#.N:+((!_+,>!5+%,:3!&O%2#`!&05#,!&O0!&#'#!%>#,2%9%#>!+(!O+$%,?!+,!%,N'#+(#>!67'NO+(.%,?!60&#'!20!-73!2O#!6'0>7N2(!+>$#'2%(#>!%,!2O#!5+?+e%,#!+,>!2O'07?O!2O+2!+22'+N2!2O#! (60,(0'(O%6! 09! 2O#! +>$#'2%(#'(! 20! 2O#! 5+?+e%,#(! _K07?O.l+2#(! USSRc! R^`*!K07?O.l+2#(!6:+N#(!2O#!-%'2O!09!2O#!!"#$"%"&'()*!#6%205#!2O#!!"#$"!1'0&!%,!2O#!#+':3!FZ\Sf(!+?+%,(2!2O#!-+N;?'07,>!09!2O#!#5#'?%,?!>%(N07'(#!09!2O#!*/U.U"$)*!&O0(#! 9#5%,%,%23!&+(! ?'07,>#>! %,! 2O#! N055#'N%+:! %,2#'#(2(! 09!&05#,f(!5+?+.e%,#(*!HO#!#5#'?%,?!>%(N07'(#!09! 2O#!,#&!&05+,!&+(!+! '#(7:2!09! 2O#!5+?+e%,#!%,>7(2'3f(!,##>!20!N'#+2#!,#&!5+';#2(!+,>!,#&!'#+>#'(O%6(!90'!%2(#:9*!

HO#!9%,>%,?(!09!K07?O.l+2#(!_USSR`!+'#!%560'2+,2!90'!2O#!6'#(#,2!(27>3!+(!&#::*!HO#!!"#$".1'0&! +,>!O#'! 6#'90'5+,N#! +'#! N0,(2'7N2#>! +(! 2O#! 2+'?#2! ?'076!09! 2O#!+>$#'2%(#'(!+,>!2O#%'!6'0>7N2(*!HO#!+>$#'2%(#'(!#d6#N2!2O#!5+?+e%,#!20!-#!+!N05.5#'N%+::3!(7NN#((97:!6'0>7N2!&O%NO!&%::!+:(0!(#::!2O#%'!6'0>7N2(P!0'!2O#3!&%::!&%2O.O0:>!2O#%'!_9%,+,N%+:`!(7660'2*!!

827>%#(!09!:%9#(23:#!-'+,>%,?!+(!+,!+(6#N2!09!N055#'N%+:%(5!O+$#!+:(0!-##,!7,>#'.2+;#,!&%2O!+!90N7(!0,!(05#!&05#,f(!5+?+e%,#(!&%2O!?:0-+:!(N06#*!/!N055#'N%+:!-'+,>!09!20>+3!>0#(!,02!,##>!20!-#!+!6O3(%N+:!6'0>7N2*!B2!N+,!+:(0!-#!+,!%,2+,?%-:#!$+:7#!(7NO!+(!2O#!5#5-#'(O%6!%,!2O#!N0557,%23!N'#+2#>!-3!!"#$"!90'!%2(!'#+>#'(P!0'! +! :%9#(23:#! (7NO! +(! 2O+2! 09! 2O#!!"#$". 1'0&*!M+NO%,! +,>! HO0',-0''0&! _USSR`!(O0&!O0&!2O#!N0'#!$+:7#(!09!!"#$"%"&'()*P!m%,>#6#,>#,N#P!60&#'P!+,>!97,bP!+'#!7(#>!90'!2O#!67'60(#!09!-'+,>%,?c!20!(#::!+!:%9#(23:#!+,>!N0,,#N2#>!6'0>7N2(!0,!+!?:0-+:!(N+:#*!/,+:3e%,?!2O#!6'0>7N2%0,!09! 2O#!>05%,+,2!>%(N07'(#!09.!"#$"%"&'5()*!9'05!2O#!60%,2!09!$%#&!09!-'+,>%,?!+,>!+66:3%,?!57:2%50>+:!>%(N07'(#!+,+:3.(%(P!M+NO%,! +,>!HO0',-0''0&! _USSR`! :00;#>! +2! 2#d2(! >#(N'%-%,?! 9#5+:#! +?#,N3P!&05#,!+2!&0';!+,>!&05#,f(!(#d7+:%23!%,!EE!:+,?7+?#!$#'(%0,(!09!!"#$"%"&'()**!HO#3! 907,>! 2O+2! 2O#! -'+,>! N0,(%(2#>! 09! +! m(#2! 09! '#6'#(#,2+2%0,(! +,>! $+:7#(b!_M+NO%,!q!HO0',-0''0&!USSRc!E]E`*!HO#!-'+,>%,?!09!2O#!&0':>!09!2O#!5+?+e%,#!2+;#(! 6:+N#! 2O'07?O!>%(N7'(%$#! 6'+N2%N#(! _&O%NO! 2O#! N7''#,2! (27>3! (##(! +(! '#6#'.20%'#(`!&O%NO!(O0&!2O+2!2O#(#!N0,,#N2!2O#!N0'#!$+:7#(!09!2O#!5+?+e%,#!(7NO!+(!2O#!m(6#N%9%N! '+,?#!09! (0N%+:!6'+N2%N#(! %,!&O%NO!&05#,! 2+;#!6+'2b! _USSRc!E]E`*!HO#!>%(N7'(%$#!6'+N2%N#(!>#(N'%-#!O0&!+!&05+,!&O0!%(!+!5#5-#'!09!2O#!!"#$"!N05.57,%23! %(! +?#,2%$#! %,!O#'!6'09#((%0,+:! +,>!6#'(0,+:! :%9#*!D0&#$#'P! +NN0'>%,?! 20!M+NO%,!+,>!HO0',-0''0&!_USSRc!EV^`P!2O#(#!50>#:(!+'#!,02!6'#(#,2#>!+(!'#+:%(2%N!-72!'+2O#'!+(!m6:+397:!9+,2+(%#(b*!HO#!'#+>#'!%(!,02!#d6#N2#>!20!7,>#'(2+,>!2O#5!+(!

! 8L().M)#)/*#')!!!FZ!

! !

>#(N'%62%0,(!09!'#+:%23P!-72!50'#!+(!+,!%,$%2+2%0,!20!2+;#!6+'2!%,!+,!#,2#'2+%,5#,2!6'0$%>#>!-3!2O#!5+?+e%,#*!M+NO%,!+,>!$+,![##7&#,!_USS]`!907,>!2O+2!2O#!5+?+.e%,#!5+;#(!N0,(N%07(!(23:%(2%N!NO0%N#(!20!N0,(2'7N2!2O#!!"#$".1'0&!:%9#(23:#*!Q7(.%,?!2O#!N0,N#62!09!(23:#!9'05!(0N%0:0?3!+,>!4)/P!M+NO%,!+,>!$+,![##7&#,!'#.?+'>! (23:#! +(! 2O#!#d6'#((%0,!09! %>#,2%23!+,>!$+:7#(! _USS]c!]\\`*!HO#3!(O0&! 2O+2!2O#!5+?+e%,#!O+(!+!NO0%N#!09!:%,?7%(2%N!(23:#(!20!N0,(2'7N2!:%9#(23:#!+,>!2O#!(23:#(!+'#! :%,;#>! 20! 2O#!5+?+e%,#f(! N055#'N%+:! 67'60(#(*! B2!5+3!7(#! +>$#'2%(%,?! (23:#!&O%NO!%,N:7>#(!>%'#N2!+>>'#((P!2O#!7(#!09!#$+:7+2%$#!+>W#N2%$#(!+,>!60#2%N!>#$%N#(*!B2!N+,!+:(0!>'+&!0,!2O#!>#(N'%62%$#!k7+:%2%#(!09!2O#!9+(O%0,!N+62%0,P!2O#!'#:%+-%:%23!09! 2O#! #d6#'2f(!06%,%0,P! +%5! 90'! 2O#! 2'#,>%,#((!09! 2O#! N7''#,2! (2'##2! (23:#P! 0'! 2O#!N0,$#'(+2%0,+:!20,#!09!9'%#,>(!NO+22%,?!_M+NO%,!q!$+,![##7&#,!USS]c!]^^P!]ZRn]ZV`*!/::! 2O#(#! 97,N2%0,! -02O! +(! 60%,2#'(! 20! +! 6+'2%N7:+'! _3072O97:`! :%9#(23:#! +,>!(2%57:%!20!-73!6'0>7N2(!+>$#'2%(#>!%,!2O#!5+?+e%,#*!

805#!(27>%#(!09!-'+,>%,?!O+$#!#d+5%,#>! 2O#!7(#!09! +! (6#N%9%N! (2'7N27'#! 20!N0,.(2'7N2!&05#,f(!:%$#(!%,!2O#!2#d2(!09!!"#$"%"&'()*.0,!+!?:0-+:!:#$#:*!M+NO%,!+,>!$+,![##7&#,!_USSR`!(O0&!2O+2! 2O#!5+?+e%,#!N0,(2'7N2(! 2O#!!"#$"%"&'()*! 9#5%.,%,%23! 0,! +! ?:0-+:! (N+:#! 2O'07?O! +! (6#N%9%N! %0"[&/$5#"&,('"*. B'#L",0#/. #LK/$)!&O%NO! 97,N2%0,(!+(! +!50>#:! 90'!N0,(2'7N2%,?! 2#d2(*!/66:3%,?!4)/!+,>! 90N7(%,?!0,!2&0!>05+%,(!09!9#5+:#!+?#,N3P!&0';!+,>!(#d7+:%23P!2O#3!_USSRh!USSE`*!B,!2O#%'!USSR!(27>3!2O#3!(O0&!2O+2!2O#!5+?+e%,#!N0,(2'7N2(!2O#!!"#$"%"&'()*!9#5%,%,%23!0,! +! ?:0-+:! (N+:#! 2O'07?O! +! (6#N%9%N! %0"[&/$5#"&,('"*. B'#L",0#/. #LK/$)! &O%NO!97,N2%0,(!+(!+!50>#:!90'!N0,(2'7N2%,?!2#d2(*!/66:3%,?!4)/!+,>!90N7(%,?!0,!2&0!>05+%,(!09!9#5+:#!+?#,N3P!&0';!+,>!(#d7+:%23P!M+NO%,!+,>!$+,![##7&#,!_USSRc!EZV`!%>#,2%93!2O#!2O'##!;#3!?#,'#(!%,!ES!+'2%N:#(!%,!(#$#,!:+,?7+?#(!09!!"#$"%"&'5()*!+(!-#%,?!6'0-:#5.(0:72%0,!?#,'#(P!N+(#!(20'%#(!+,>!#d6#'2!>%(N07'(#(*!Ik7+::3P!2O#!6'0-:#5.(0:72%0,! (NO#5+!7,>#':%#(! 2#d2(! %,!02O#'!?#,'#(! 2O+,! 2O0(#!09!6'0-.:#5.(0:72%0,*!HO#!50>#:!%(!?:0-+:!+,>!%2!%(!+>+62#>!20!N0,90'5!20!:0N+:!>%(N07'(#(!%,! 2O#! '#(6#N2%$#! :+,?7+?#! +,>! ,+2%0,+:! N7:27'#*!HO#!5+?+e%,#! N0,(2'7N2(!&05.+,f(!:%9#!5#2+6O0'%N+::3!+(!+!(2'7??:#!%,!+,!7,9'%#,>:3!&0':>*!<05#,!+>O#'%,?!20!2O#!!"#$"%"&'()*! N0557,%23! (O+'#! N#'2+%,! $+:7#(h! 2O#3!O+$#! 2O#! (+5#!?0+:(! %,!:%9#P! 2O+2! %(P! 20! ?+%,! %,>#6#,>#,N#P!6'09#((%0,+:! (7NN#((P! +,>! (#d7+:! (+2%(9+N2%0,*!@#$#'2O#:#((P! (0:%>+'%23! %(! ,02! +50,?! 2O#! $+:7#(! (O+'#>! &%2O%,! 2O#! N0557,%23*!M+NO%,!+,>!$+,![##7&#,!_USSRc!]FS`!907,>!2O+2!!"#$"%"&'()*!7(#(!2O#!6'0-:#5.(0:72%0,! (NO#5+! 20! N0,(2'7N2!&05#,f(! (0N%+:! :%9#! +(! +! (2'7??:#! 90'! (7'$%$+:! %,! +!6'#N+'%07(!&0':>!09!7,(2+-:#!'#:+2%0,(O%6(!&O#'#!(O#!O+(!,02O%,?!20!'#:3!0,!#dN#62!O#'! 0&,! '#(07'N#(*! HO#! 5+?+e%,#f(! +>$%N#! 2+;#(! 2O#! 90'5! 09! (%56:#P! (2'+2#?%N!(7??#(2%0,!90'!O0&!20!0$#'N05#!0-(2+N:#(!+,>!+NO%#$#!2O#(#!?0+:(*!/66:3%,?!?#,.'#!+,+:3(%(!+,>!50>+:%23!+,+:3(%(P!M+NO%,!+,>!$+,![##7&#,!_USSE`!+:(0!%,$#(2%.?+2#>!2O#!!"#$"%"&'()*.'#6'#(#,2+2%0,!09!&05#,!+2!&0';*!HO#3!(O0&!2O+2P!&O%:#!2O#!90'5+2(!(7NO!+(!2O#!6'0-:#5.(0:72%0,!(NO#5+!+'#!%,N'#+(%,?:3!O050?#,#07(P!

US!!!8L().M)#)/*#')!

!

2O#!>%(N7'(%$#!N0,(2'7N2%0,!09! 2O#%'!N0,2#,2! %(! %,N'#+(%,?:3!>%99#'#,2%+2#>!+,>! :0.N+:%e#>*! HO#! >%(N07'(#(! +'#! 6'#(#,2#>! +(! 6'+N2%N+:! (0:72%0,(P! ,02! %>#0:0?%#(P! +,>!,+27'+:%e#>!%,20!?:0-+:!2'72O(!+-072!O75+,!,+27'#!_M+NO%,!q!$+,![##7&#,!USSEc!FF^`*!!

Q%,+::3P! M+NO%,! +,>! HO0',-0''0&f(! _USSV`! (27>3! 0,! 2O#! 7(#! 09! (#d7+:%23! 90'!-'+,>%,?! (O0&(! 2O+2! +! >%(N07'(#! 09! &05#,f(! (#d7+:%23! %(! 7(#>! 20! (%?,%93! 2O#!-'+,>(!09!5+?+e%,#(!(7NO!+(!!"#$"%"&'()*!+,>!4&)$",0*!HO#!>%(N07'(#!N0,$#3(!2O#!N0'#!$+:7#(!09!2O#!2&0!5+?+e%,#(P!60&#'!+,>!9'##>05*!<%2O!4)/!+(!2O#!2O#0.'#2%N+:! 9'+5#&0';! +,>! 7(%,?!<0>+;f(! >%(N07'(#! O%(20'%N+:! 5#2O0>! _(##P! 90'! %,.(2+,N#P!<0>+;!USSF+h!USSF-`P!M+NO%,!+,>!HO0',-0''0&!907,>!2O+2!2O#!2&0!5+?.+e%,#(!N'#+2#!+!9+,2+(3!(6+N#!&O#'#!&05#,!>#9%,#!2O#5(#:$#(!2O'07?O!2O#!$+:7#(!2O#3!O0:>!+,>!2O#!N0,(75#'!6'0>7N2(! 2O#3!7(#!_USSVc!F\R`*!HO#!5+?+e%,#(f!>%(.N07'(#!N0,(2'7N2(!#560&#'%,?!(#d7+:!+N2%$%2%#(!+(!(0N%+:!6'+N2%N#(!&O%NO!'#k7%'#!+!6+'2%N7:+'!:%9#(23:#!-+(#>!%,!N0,(7562%0,*!D0&#$#'P!2O#'#!#d%(2(!+!N0,2'+>%N2%0,!%,!2O+2! 2O#(#! #560&#'%,?! 6'+N2%N#(! +'#! 60((%-:#! 0,:3! %,! 2O#! 9+,2+(3! (6+N#(! _%,!m(2+?#>! (N#,+'%0(b! (7NO! +(! 2O#! ,%?O2N:7-! +N2%$%2%#(! >#(N'%-#>! -3! 2O#!5+?+e%,#`P!+,>!,02!%,!2O#!#$#'3>+3P!(0N%+:!>05+%,!_M+NO%,!q!HO0',-0''0&!USSVc!F^E`*!40,.(#k7#,2:3P!2O#!>%(N07'(#!09!(#d7+:!#560&#'5#,2!%,!2O#!5#>%+2#>!(6+N#!09!+!5+?.+e%,#!(7NO!+(!4&)$",0!%(!2O'#+2#,#>!-3!>%(N07'(#(!9'05!2O#!(%27+2#>!&0':>*!B2!5+3!-#!NO+::#,?#>!-3!+!>%(N07'(#!&O%NO!N0,(2'7N2(! 2O#!&05+,!+(P! 90'! %,(2+,N#P! (7-.5%((%$#P!0'!+:2#',+2%$#:3P!+!$%N2%5*!HO#!5#>%+2#>!6#'90'5+,N#!09!9#5+:#!(#d7+:%23!>#(N'%-#>! %,! 2O#!5+?+e%,#!N+,,02!-#! '#+:%e#>!+(!+!(0N%+:!6'+N2%N#! %,! 2O#!(%27+2#>!&0':>h!(7NO!+,!#,+N25#,2!09!(#d7+:!60&#'!5%?O2!672!2O#5!+2!'%(;!09!-#%,?!+-7(#>*!HO#'#!+'#!+:(0!02O#'!N0,(2'+%,2(h!2O#!6#'90'5+,N#!09!(#d7+:!#560&#'5#,2!+66#+'(!20!-#!'#(#'$#>!0,:3!90'!2O0(#!&O0!N0,90'5!20!2O#!6O3(%N+:!'#k7%'#5#,2(P!+(!%::7(.2'+2#>!%,!2O#!'#(#+'NO#'(f!N055#,2!_-#:0&`!+-072!2O#!&05#,!%,!+!,%?O2N:7-!(20'3!%,N:7>#>!%,!2O#%'!>+2+c!

HO#!:+'?#'!&05+,P!O0&#$#'P!&#+'(!+!>'+6#>!(%:;!'0-#P!&O%:#!+::!2O#!02O.#'!%5+?#(!(O0&!(:%5!307,?!&05#,!#%2O#'!>+,N%,?!20?#2O#'P!0'!0,!2+-:#(P!+::!>'#((#>!%,!+!(%5%:+'!(23:#*!HO%(!%(!60&#'P!2O#,P!-72!0,:3!90'!(:%55#'!&05#,*!_M+NO%,!q!HO0',-0''0&!USSVc!F^U`!

HO7(P! 2O#! &05+,f(! 6O3(%N+:! +66#+'+,N#! _(O#! %(! m:+'?#'b`! 7,>#'5%,#(! 2O#! >%(.N07'(#! 09! (#d7+:! #560&#'5#,2*! I560&#'5#,2! %(P! +92#'! +::P! N:#+':3! ,02! 90'! +::!&05#,*!!

L,#!#d+56:#!09!(27>%#(! %,20!'#+>#'! '#(60,(#! %(! 2O#!(27>3!-3! 2O#!N0557,%N+2%0,!(NO0:+'! G0;#!D#'5#(! _FZZ]`P!&O0P! 7(%,?! 2O#! N0,N#62! 09! '*(/0%0/('7/. 0/%/0("'0/#!2O+2! %(P! 2O#! m'#N7''#,2:3! 7(#>! (3(2#5! 09! 2#'5(b! 09!<#2O#'#::! +,>! C022#'! _FZ^^c!F\F`P!907,>!2O+2!'#+>#'(!N0,(2'7N2!&+3(!09!2+:;%,?!+-072!'#+>%,?!&05#,f(!5+?+.

! 8L().M)#)/*#')!!!UF!

! !

e%,#(*!8O#!N0,>7N2#>!%,2#'$%#&(!&%2O!'#+>#'(!+,>!+66'0+NO#>!O#'!5+2#'%+:!7(%,?!?'07,>#>! 2O#0'3P! -3! 9%'(2! 60(%,?! +,! 06#,! #,>#>! '#(#+'NO! k7#(2%0,! _FZZ]c! F\VnUS^`*!8%,N#!O#'! %,90'5+,2(! '#9#''#>! 20! mN0550,!0'! (O+'#>!;,0&:#>?#bP! (O#! +(.(75#>!2O+2!2O#!,75-#'!09!(O+'#>!(07'N#(!09!N7:27'+:!;,0&:#>?#!%(!:%5%2#>*!L,N#!(O#! O+>! %>#,2%9%#>! +! '#6#'20%'#P! &O%NO! &+(! -7%:2! -3! '#N7''#,2! 2O#5#(P! (O#! &#,2!2O'07?O!2O#!5+2#'%+:!+?+%,!9'05!2O#!6+'2%N7:+'!6#'(6#N2%$#!09!2O0(#!2O#5#(!_D#'.5#(!FZZ]c!USE`*!8O#!907,>!2O+2!2O#!'#+>#'(!7(#!(6#N%9%N!'#6#'20%'#(!20!#d6:+%,!&O3!2O#3!'#+>!&05#,f(!5+?+e%,#(!_D#'5#(!FZZ]c!RF`*!HO#3!N0,(2'7N2!2O#%'!0&,!'#6.#'20%'#(! +-072! 2O#!5+?+e%,#! 20! #d6:+%,!K"U! +,>!UKO! %2(! N0,2#,2(!5+;#! (#,(#! 20!2O#5*!HO#3!#56:03!2&0!>#(N'%62%$#!'#6#'20%'#(!20!#d6:+%,!&O3!2O#3!'#+>!2O#!5+?.+e%,#!+,>!2&0!02O#'!'#6#'20%'#(P!&O%NO!D#'5#(!N+::(!5+%,!'#6#'20%'#(P! 20!#d6:+%,!O0&!2O#!5+?+e%,#(!+'#!'#:#$+,2!20!2O#5*!HO#!2&0!>#(N'%62%$#!'#6#'20%'#(!F`!'#9#'!20!2O#!'#:+d+2%0,!2O#!5+?+e%,#!099#'(!+,>!U`!O0&!#+(%:3!2O#3!9%2!%,20!2O#!&05#,f(!#$#'3>+3!:%$#(*!HO#!'#+>#'(!9%,>!2O#5!#+(3!20!6%N;!76!+,>!W7(2!+(!#+(3!20!672!>0&,!&O#,! 02O#'! NO0'#(! 6'#(#,2! 2O#5(#:$#(*! HO#! 2&0! 5+%,! '#6#'20%'#(! %>#,2%9%#>! -3!D#'5#(!_FZZ]c!RFP!EFP!E]`!#d6:+%,!O0&!&05#,f(!5+?+e%,#(!099#'!+>$%N#!&O%NO!5+3!-#!'#:#$+,2!20!'#+>#'(!%,!$+'%07(!:%9#!(%27+2%0,(*!HO#(#!'#6#'20%'#(!+'#!2O0(#!09!N0,,#N2#>!;,0&%,?!+,>!6'+N2%N+:!;,0&:#>?#*!HO#!'#6#'20%'#!09!N0,,#N2#>!;,0&.%,?!>#+:(!&%2O!2'07-:#!&O%NO!-#9+::(!02O#'!6#06:#!+,>!099#'(!2O#!'#+>#'!2O#!60((%.-%:%23!09!$%N+'%07(!(799#'%,?P!&O%NO!O#:6(!O#'!_0'!O%5`!20!>#+:!&%2O!%,(#N7'%2%#(!+,>!6'#6+'#! O#'! 90'! 60((%-:#! 9727'#! N'%(#(*! HO#! '#6#'20%'#! 09! 6'+N2%N+:! ;,0&:#>?#!(#'$#(!2&0!67'60(#(*!B2!'+2%0,+:%e#(!'#+>%,?!+,>!-73%,?!2O#!5+?+e%,#(!%,!2#'5(!09!2O#%'!6'+N2%N+:!7(#P!-72!%2!+:(0!+::0&(!2O#!'#+>#'!20!%,>7:?#!%,!+!m2#560'+'3!9+,2+(3!09!+,!%>#+:!(#:9b!_D#'5#(!FZZ]c!RZ`*!HO#!+>$%N#!?%$#,!N0$#'(!9%#:>(!9'05!N00;%,?!'#N%6#(! 20! ;,%22%,?! 6+22#',! +,>! (7??#(2%0,(! +-072! -00;(! +,>! N7:27'+:! 072%,?(*! B2!?%$#(!2O#!'#+>#'!2O#!0660'27,%23!20!%5+?%,#!O#'(#:9!+(!(;%:97:!%,!$+'%07(!9%#:>(!09!:%9#*! HO#! '#+>#'! +:(0! N0,(2'7N2(! 2O#! +>$%N#! +(! -#,#9%2%,?! 2O#! O07(#.5+;#'! +,>P!2O'07?O!O#'P!2O#!&O0:#!9+5%:3*!/!(27>3!09!!"#$"%"&'()*!5+3!(O0&!2O+2!%2!099#'(!%2(!'#+>#'(!+!(%5%:+'!2#560'+'3!9+,2+(3P!2O+2!09!-#%,?!+-:#!20!N0,2'0:!0,#f(!+66#+'.+,N#(*!

/!>%99#'#,2!+66'0+NO! 20! '#6#'20%'#(!&+(!+>062#>!-3!8%%$0,#,! _FZZZh!USS\`P!&O0!90N7(#>!0,!O0&!&05#,!N0,(2'7N2#>!2O#5(#:$#(!&O#,!%,2#'$%#&#>!90'!+!,#&(6+.6#'!0'!+!5+?+e%,#*!HO#'#!2O#!&05#,!2O#5(#:$#(!6'0>7N#>!+!6+'2%N7:+'!>%(N07'(#!09! 9#5%,%,%23*! 8%%$0,#,f(! 2&0! (27>%#(! +'#! k7+:%2+2%$#! (27>%#(! 9'05! +! 6#'(6#N2%$#!N0,,#N2#>! 20! N'%2%N+:! 2#d2! +,+:3(%(*! HO#! %,2#'$%#&##(! &#'#! &05#,! +2! +! 27',%,?!60%,2!%,!2O#%'!:%$#(!0'!N+'##'(*!B,!O#'!FZZZ!(27>3P!8%%$0,#,!907,>!2O+2!&05#,!%,.2#'$%#&##(!N0,(%(2#,2:3!>#(N'%-#! 2O#%'!#d6#'%#,N#(! 2O'07?O!:%,?7%(2%N!NO0%N#(!+,>!206%N+:!502%9(g2O#5#(*! B,! O#'! #d6+,>#>! (27>3! %,! USS\P!&O%NO! N05-%,#>! N'%2%N+:!2#d2! +,+:3(%(!&%2O! W07',+:%(2%N!?#,>#'! (27>%#(P!8%%$0,#,! 907,>! 2O+2!&05#,! %,2#'.$%#&##(! %,! 2&0! ,#&(6+6#'(! +,>! 907'!&##;:3!5+?+e%,#(! N0,(2'7N2! 2O#%'! :%$#(! %,!

UU!!!8L().M)#)/*#')!

!

2#'5(!09!%,,#'!N0,9:%N2(!_8%%$0,#,!USS\c!F\nF^P!UVUnUVR`*!HO#(#!'#(7:2!9'05!2O#!+5-%?707(!m>07-:#!-%,>b!N'#+2#>!-3!N0,2'+>%N2%0,(!-#2&##,!6'%$+2#!:%9#!+,>!&0';!:%9#P! -#2&##,!502O#'gO07(#&%9#! +,>! 2O#!6'09#((%0,+:! '0:#h! +!;%,>!09! N0,9:%N2! ,02!'#9#''#>! 20! -3! 5#,*! HO#! &05#,! %,! O#'! '#(#+'NO! 5+2#'%+:! &#'#! %,! +! 6'0N#((! 09!NO+,?#!_&O%NO!&+(!0,#!09!2O#!'#+(0,(!&O3!2O#3!&#'#!%,2#'$%#&#>`!+,>!2O#!27',%,?!60%,2(P!&O#2O#'!9+N27+:!0'!5#,2+:P!&#'#!,+''+2#>!5#2+6O0'%N+::3!+(! :%9#! W07',#3(*!B,!2O#!60'2'+%2(P!2O#!%,2#'$%#&##(!N0,(2'7N2!2O#5(#:$#(!+(!(7NN#((97:P!+,>!8%%$0,#,!6'0$%>#(!2&0!>%99#'#,2!#d6:+,+2%0,(!20!2O#%'!(7NN#((h!>%'#N2!(7NN#((!+,>!'#9:#N2%$#!(7NN#((*! HO#!&05#,! 09! >%'#N2! (7NN#((! +'#! :%9#! 2'+$#::#'(!&O0! >0! ,02! #,N07,2#'!6'0-:#5(!0'! +>$#'(%2%#(P!&O#'#+(! 2O0(#!09! '#9:#N2%$#! (7NN#((! '#+NO! 2O#%'! >#(2%,+.2%0,!2O'07?O!O+'>(O%6!+,>!NO0%N#(!_8%%$0,#,!FZZZc!Z\nZ^h!USS\c!UZ\`*!B,!!"#$"5%"&'()*P! 2O#!!"#$".1'0&!N+,!-#!7,>#'(200>! 20! '#6'#(#,2!>%'#N2! (7NN#((P!&O%:#! 2O#!'#+>#'!%,!,##>!09!+>$%N#!'#6'#(#,2(!'#9:#N2%$#!(7NN#((*!

L,#!#d+56:#!09!2O#!N0,(2'7N2%0,!09!&05#,!+(!(7NN#((97:!%(!2O#!(27>3!09!<+?,#'!+,>!<0>+;!_USSV`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d+56:#P!57:2%5#>%+!N056+,%#(P! +,>! 9%'5(!6'0$%>%,?! (092&+'#!+NN07,2%,?!(#'$%N#(!+,>!+'NO%2#N27'+:!6:+,,%,?*!HO#!&05#,!>#(N'%-#! 2O#5(#:$#(!+(!N'#+2%,?!(6+N#!+,>!:%9#P!>0%,?!2#+5.&0';P!-#%,?!+!5+%,!+N20'!0,!2O#!(2+?#!+,>!+!50$#'P!+,>!#,W03%,?!?00>!:%9#P!-72!+:(0!-#%,?!%,!2O#!'%?O2!6:+N#!+2!2O#!'%?O2!2%5#*!HO#!'#(#+'NO#'(!+'#!+-:#!20!%>#,2%93!#$#,2.-+(#>!(07'N#(!%,9:7#,N%,?!2O#!6'0?'#((!09!2O#!:%$#(!09!2O#(#!&05#,*!HO#!#$#,2(!5+3!-#!,#?+2%$#!(7NO!+(!+!6'0-:#5!9%,>.%,?! +! -+:+,N#! %,! :%9#P! +,>! #d6#'%#,N#(! 09! +,d%#23! +,>! >#9#+2*! HO#3!5+3! +:(0! -#!60(%2%$#! (7NO!+(! '#N#%$%,?! (7660'2! 9'05!5#,20'(!&O0!?7%>#! 2O#!&05#,! 2O'07?O!>%99%N7:2!2%5#(P!+,>!#d6#'%#,N#(!2O+2!O#:6!2O#5!90'5!+!(2'0,?!(#,(#!09!(#:9*!_<+?.,#'!q!<0>+;!USSVc!ESUnES\*`!

/:2O07?O!%560'2+,2!-+N;?'07,>!90'!2O#!6'#(#,2!(27>3P!,0,#!09!2O#!+-0$#!%,$#(2%.?+2%0,(!O+$#!90N7(#>!0,!N056#2%,?!>%(N07'(#(!%,2'0>7N#>!-3!!"#$"%"&'()*!%2(#:9*!HO%(!(27>3!#d6:0'#(!O0&!!"#$"%"&'()*!1J!%,N:7>#(!N056#2%,?!>%(N07'(#(!20!2O#!>05%,+,2!0,#!09! 2O#!!"#$".1'0&! +,>!O0&! %2! '#5#>%#(! 2O#!?+6!-#2&##,! 2O#! 2&0*!<O%:#!D#'5#(!_FZZ]`!N0,N#,2'+2#(!0,!O0&!2O#!'#+>#'(!7,>#'(2+,>!2O#!67'60(#!09!2O#!+>$%N#!09!+!5+?+e%,#P!2O%(!(27>3!%,$#(2%?+2#(!%,!&O%NO!N0,2#d2!+,>!&O+2!+>$%N#!!"#$"%"&'()*! 1J! 6'0>7N#(! 20! -'%,?! 2O#! N056#2%,?! >%(N07'(#(! %,! :%,#! &%2O! 2O#!>05%,+,2!0,#*!/(!0660(#>!20!M+NO%,!+,>!$+,![##7&#,!_USSR`P!&O0!O+$#!#56O+.

! 8L().M)#)/*#')!!!UR!

! !

(%e#>!2O#!6'0-:#5.(0:72%0,!(NO#5+(!+(!+!'#N7''%,?!(2'7N27'#!%,!+'2%N:#(!%,!&05#,f(!5+?+e%,#(P! 2O#!6'#(#,2!(27>3!'#?+'>(!+>$%N#! 20! 2O#!'#+>#'!+(!+!(2'+2#?%N!50$#!20!'#27',! 2O#! '#+>#'!-+N;! 20! 2O#!!"#$"!&0':>*!4056#2%,?!>%(N07'(#(!&%::P! 2O7(P!-#!:#92!&%2O!0,:3!0,#!97,N2%0,!20!(#'$#P!2O+2!%(P!2O#!5#+,(!09!+72O#,2%N+2%,?!2O#!%5+?.%,+'3!!"#$"!&0':>!&%2O072!>%('762%0,*!

F*]! !8#k7#,N#!09!2O#!827>3!

HO%(!2O#(%(!%(!>%$%>#>!%,20!(%d!NO+62#'(!+,>!&%::!6'0N##>!+(!90::0&(*!4O+62#'!F!O+(!6'0$%>#>!+!?#,#'+:! %,2'0>7N2%0,! 20! 2O#!+'#+!09! '#(#+'NO*!4O+62#'!U!O+(! 2&0! 90N%*!L,#!%(!2O#!O%(20'3!09!!"#$"%"&'()*!&O%NO!(2+'2#>!%,!2O#!18!+(!2O#!9+5%:3!5+?+.e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e%,#!&%::!-#!072:%,#>P!+,>!2O#!%>#,2%9%N+2%0,!09!2O#!+,*-.+/)0&/##.+/$)&/#!+(!+!2+'?#2!?'076!>%(N7((#>*!

UE!!!8L().M)#)/*#')!

!

U! HDI!!6C=6!4DEF!/@)!HDI!G2H-.GI8EFICC.GI=8FIC!

<%2O072!50>#',!5+';#2! '#(#+'NOP! +! N0,N#62! (7NO! +(! 2O#!!"#$". 1'0&! &07:>! ,02!#d%(2*!H0>+3P!67-:%(O#'(!09!&05#,f(!5+?+e%,#(!+(!&#::!+(! 2O0(#!09!02O#'!5+?+.e%,#(!N055%((%0,!5+';#2!'#(#+'NO!20!%>#,2%93!2O#%'!2+'?#2!?'076!'#+>#'*!L,N#!2O#!%,90'5+2%0,! O+(! -##,! 0-2+%,#>P! 2O#! 67-:%(O#'! N+,!5+;#! >#N%(%0,(! +-072! O0&! 20!'#+NO!+,>!#,?+?#!2O+2!'#+>#'*!HO#!!"#$".1'0&!%(!2O#!'#(7:2!09!(7NO!+!6'0N#((!+,>!O#'! 67'60(#! %(! 20! (#'$#! +(! +! 5+';#2%,?! >#$%N#! 90'! 2O#! 5+?+e%,#! _K07?O.l+2#(!USSRc! FFF.FFU`*!D#'! #d%(2#,N#!57(2! +:(0! -#! (##,! +?+%,(2! 2O#! N055#'N%+:! -+N;.?'07,>!09!2O#!#d2'#5#:3!N056#2%2%$#!5+';#2!90'!&05#,f(!5+?+e%,#(*!!

805#!RSS!3#+'(!-#90'#!2O#!N0,(2'7N2%0,!09!2O#!50>#',!!"#$".1'0&P!&05#,!'#+>.#'(! &#'#! %>#,2%9%#>! +(! +! 2+'?#2! ?'076! &%2O! %,2#'#(2(! 09! 2O#%'! 0&,*! /! 5+?+e%,#!N+::#>!JK/.F)B'/#N.=/0L,0O!&+(! :+7,NO#>! %,! FVZRP! +,>! +:2O07?O! %2! O+>! +! (O0'2!:%9#(6+,!09!907'!&##;(!0,:3P!%2!9#+27'#>!&O+2!&+(!20!-#N05#!+!(2+6:#!%,?'#>%#,2!%,!&05#,f(!5+?+e%,#(c!'#:+2%0,(O%6!6'0-:#5(!_D7?O#(!USS^`*!Q0'!+-072!F]S!3#+'(P!2O#! :+>%#(f!5+?+e%,#(!&#'#!&'%22#,!+,>! '#+>!-3! 2O#!#:%2#*!HO#!+66#+'+,N#!09! 2O#!I*1&'#KU"$)*N#.W"$/#('L.=)1)X'*/! %,! F^]U!5+';#>! +! NO+,?#! +(! 20! 2O#! 2+'?#2!+7>%#,N#! +,>! 2O#! N0,2#,2! 09! 2O#! 5+?+e%,#*! HO#! ,#&! 2+'?#2! ?'076! N0,(%(2#>! 09!5%>>:#.N:+((!&%$#(!+,>!502O#'(!&O0!>%>!2O#%'!0&,!O07(#O0:>!&0';*!HO#!N0,2#,2!9#+27'#>!N0:75,(!+-072!N'+92(P!6#2(P!N00;#'3P!O0&!20!5+;#!>+%:3!:%9#!#+(%#'P!+,>!+!6'0-:#5!6+?#*!L,!+!(2'0;#!09!?#,%7(P!2O#!5+?+e%,#!%,2'0>7N#>!9+(O%0,!N0$#'+?#P!+,>! 67-:%(O#>! N0:07'! 6:+2#(! 09! 307,?! :+>%#(!&#+'%,?! 2O#! :+2#(2! 9'05! C+'%(*! HO#!'#+>#'(!&#'#!6'0$%>#>!&%2O!6+6#'!6+22#',(!+,>!+>$%N#!O0&!20!5+;#!2O#!9+(O%0,+.-:#!?+'5#,2!2O#5(#:$#(h!2O#!90'5+2!09!&05#,f(!5+?+e%,#!+(!&#!;,0&!2O#5!O+>!-##,! -0',*! B,N%>#,2+::3P! +,02O#'! NO+'+N2#'%(2%N! 09! #+':3!&05#,f(!5+?+e%,#! 67-.:%(O%,?!&+(!2O+2!2O#!67-:%(O#'g#>%20'!&+(!+!5+,*!_D7?O#(!USS^`!

HO#'#!&#'#! +:(0! #+':3! $0%N#(! 90'!&05#,f(! '%?O2(! 20! +,! %>#,2%23! 09! 2O#%'! 0&,! %,!(0N%#23*! HO#!I*1&'#KU"$)*N#. \",0*)&! +>$0N+2#>! :#?+:! +,>! #N0,05%N! %,>#6#,>.#,N#!90'!&05#,!_D7?O#(!USS^`*!B2!&+(!67-:%(O#>!F^]^.F^VE!+,>!%2(!2+'?#2!?'076!N0,(%(2#>!09!766#'!5%>>:#.N:+((!&05#,P!&%2O!50,#3!09!2O#%'!0&,P!&O0!&+,2#>!20!>#2+NO! 2O#5(#:$#(! 9'05! 60((%-:#! #N0,05%N! >%(+(2#'(! -'07?O2! +-072! -3! 9+2O#'(P!-'02O#'(P! +,>! O7(-+,>(*! HO#! 5+?+e%,#! #56O+(%e#>! 6'09#((%0,+:! #>7N+2%0,! 90'!?%':(P!90'!2O#5!20!+$0%>!2O#!2'+>%2%0,+:!9+2#!09!2O#!>#(2%272#!?#,2:#&05+,c!9%,>%,?!+!60(%2%0,!+(!+!?0$#',#((*!_D7?O#(!USS^`!

HO7(P!2O#!%,2#'#(2(!09!2O#!'#+>#'!&O0!%,!2O#!US2O!N#,27'3!&+(!20!-#N05#!2O#!!"#$".1'0&! O+>!+:'#+>3!-##,! %>#,2%9%#>! %,! 2'+>%2%0,+:!&05#,f(!5+?+e%,#(*!HO%(! NO+62#'!&%::!>#+:!&%2O!2O#!>#$#:065#,2!09!!"#$"%"&'()*!+,>!%2(!#6%205#P!2O#!!"#$".1'0&*!

! 8L().M)#)/*#')!!!U]!

! !

Q%'(2P!%2!&%::!-'%#9:3!072:%,#!2O#!>#$#:065#,2!09!%2(!6'#>#N#((0'!JK/.!"#$"%"&'()*!9'05!+!9+5%:3!5+?+e%,#!%,!2O#!:+2#!FZ2O!N#,27'3!20!&O+2!%2!%(!20>+3!%,!2O#!5%>>:#!09!2O#!US2O!N#,27'3*!HO#,! 2O#!>%(N7((%0,!&%::!50$#! 20! 2O#!5+?+e%,#!+(!+!5+';#2%,?!#,2#'6'%(#! +,>! %::7(2'+2#! 2O#! #N0,05%N(! 09! 2O#!&05#,f(!5+?+e%,#!5+';#2! %,! 2O#!1J!%,!2O#!#+':3!3#+'(!09!2O#!UF(2!N#,27'3*!!

U*F! !"#$"%"&'()*!/N'0((!H%5#!

JK/.!"#$"%"&'()*!&+(!9%'(2!:+7,NO#>!%,!2O#!18!%,!F^^V*!C+7:!8NO:%NO2P!09!2O#!67-.:%(O#'(!8NO:%NO2!q!Q%#:>!09!@#&!l0';P!+,,07,N#>!2O+2!%2!&+(!+!m9%'(2.N:+((!9+5%:3!5+?+e%,#b*!D#!>#N:+'#>!2O+2P!+50,?!2O#!?#,#'+:!%,2#'#(2!%((7#(P!%2!&07:>!+:(0!O+$#!m+! >#6+'25#,2! >#$02#>! #dN:7(%$#:3! 20! 2O#! %,2#'#(2(! 09! &05#,P! &%2O! +'2%N:#(! 0,!9+(O%0,P! %,2#'%0'!>#N0'+2%0,P!N00;%,?P!+,>!2O#!N+'#!+,>!5+,+?#5#,2!09!NO%:>'#,b!_!"#$"%"&'()*!_5+?+e%,#`!USFR`E*!<%2O!2O#(#!2O#5#(P!JK/.!"#$"%"&'()*!'#+NO#>!+!N%'N7:+2%0,!09!U]*SSS!N06%#(!%,!F^^^!_T+,>#:+3!USSZ`h!+2!2O#!2%5#P!2O%(!&+(!N0,.(%>#'#>!+!50>#'+2#!(7NN#((*!HO#!90::0&%,?!3#+'! 2O#!5+?+e%,#!&+(P!,#$#'2O#:#((P!2+;#,!0$#'!-3!G0O,!='%(-#,!<+:;#'P!&%2O!I*)*!<+:;#'!+(!2O#!#>%20'*!HO#!,#&!#>%.20'!5+>#!(05#!NO+,?#(! 20! 2O#!N0,2#,2(!09! 2O#!5+?+e%,#!+,>! %>#,2%9%#>! %2(! 2+'?#2!?'076!+(!-02O!5#,!+,>!&05#,!&O0!&07:>!-#!%,2#'#(2#>!%,!N0,2#560'+'3!9%N2%0,!_T+,>#:+3!USSZ`*!HO#!5+?+e%,#!&+(! 27',#>! %,20!&O+2!&+(! 20!-#N05#!+! :#+>%,?!90'75! 90'! 9%N2%0,*! B2! 9#+27'#>! +72O0'(! %,N:7>%,?!/,,%#!=#(+,2P!/5-'0(#!=%#'N#P!HO#0>0'#! )'#%(#'P! <*)*! D0&#::(P! "7>3+'>! J%6:%,?P! G+N;! [0,>0,! +,>! I>%2O!<O+'20,! _MNK7%'#! USFS`*!HO#!67-:%(O#'f(! '#>#9%,%2%0,!09! 2O#!5+?+e%,#f(! 2+'?#2!?'076!+(!9%N2%0,!'#+>#'(!6'0$#>!20!-#!(7NN#((97:P!+,>!-3!F^ZU!2O#!N%'N7:+2%0,!O+>!N:%5-#>! 20! \]*SSS! N06%#(! _T+,>#:+3! USSZ`! +,>!&07:>! :+2#'! #d6+,>! 20! USS*SSS!_I*LOL&"%)/B').?0'()**'L)!USFV`*!

JK/. !"#$"%"&'()*! 09! 2O#! F^ZS(! 9#+27'#>! %::7(2'+2#>! +'2%N:#(! 0,! /5#'%N+,! :%9#P!2'+$#:(!+,>!6067:+'!(N%#,N#P!+(!&#::!+(!:%2#'+27'#!+,>!60#2'3*!Q0'!%,(2+,N#P!2O#!N0,.2#,2(!09!%2(!M+'NO!%((7#!F^ZE!&#'#!:%(2#>!0,!2O#!N0$#'!6+?#!_C%N27'#!F`*!HO#!%((7#!9#+27'#>!(20'%#(!&%2O!#,2%N%,?!2%2:#(!(7NO!+(!m/!=#+723!09!2O#!I56%'#bP!m[#22#'(!09!+,!/:2'7'%+,!H'+$#::#'b!+,>!mHO#!)%(+66#+'+,N#!83,>%N+2#b*!HO#'#!&#'#!(#$#'+:!60#5(! (7NO! +(! mHO#! @+$+W0b! +,>! mH'+,(N#,>#,N#bP! +(! &#::! +(! +! ,0$#:P! mHO#!L'%?%,!09!HO07?O2b*!HO#'#!&#'#!+:(0!(#N2%0,(!(7NO!+(!mB,!2O#!<0':>!09!/'2(!+,>![#22#'(b!+,>!mHO#!C'0?'#((!09!8N%#,N#b!&O#'#!2O#!:+22#'!>#+:2!&%2O!$+'%07(!6O#.!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!E!C+7:!8NO:%NO2f(!(2+2#5#,2!O+(!0,#!0NN7''#,N#!0,!+!<%;%6#>%+!6+?#!>#(N'%-%,?!2O#!O%(20'3!09!2O#!

5+?+e%,#!9'05!F^^V!20!2O#!6'#(#,2!>+3*!!

UV!!!8L().M)#)/*#')!

!

!

A&E2".0)OP!! 40$#'!6+?#!09!JK/.!"#$"%"&'()*P!M+'NO!F^ZE*!HO#!5+?+e%,#!&+(!2O#,!%,!%2(!9%'(2!>#N+>#*!!

!

,05#,+! (7NO! +(! ?'+$%2+2%0,P!5+?,#2%(5P! +,>! 2O#! N+6+N%23! 90'! (7(2+%,%,?! O75+,!:%9#!9'05!2O#!,+27'+:!(N%#,N#(*!

! 8L().M)#)/*#')!!!U\!

! !

HO#!2%2:#(!(7??#(2!+!$+'%#23!09!%,2#'#(2(*!805#!2%2:#(!N0,(2'7N2!+!'#+>#'!&O0!%(!%,.2#'#(2#>! %,! 2O#! 2#NO,0:0?%N+:!>#$#:065#,2(! +,>!?#0?'+6O%N+:! #d6:0'+2%0,(!09! 2O#!#'+*! 820'%#(! +-072! (N%#,2%9%N! 6'0?'#((! 099#'! ;,0&:#>?#! +,>! (20'%#(! 9'05! 9+'+&+3!6:+N#(! 2%N;:#! 2O#! '#+>#'f(! %5+?%,+2%0,*!L2O#'(!+((75#! 2O+2! 2O#! '#+>#'!#,W03(! 9%N.2%0,!+(!&#::!+(!60#2'3!+,>!2O+2!(gO#! 2+;#(!+,! %,2#'#(2! %,!/5#'%N+,!%((7#(!(7NO!+(!2O+2!09!2O#!,+2%$#!@+$+W0*!

/!>#N+>#!:+2#'P!%,!FZS]P!<*!"+,>0:6O!D#+'(2!-07?O2!JK/.!"#$"%"&'()**!D#!2O#,!%>#,2%9%#>!+!2+'?#2!?'076!09!'#+>#'(!&O0!&#'#!%,2#'#(2#>!%,!%,$#(2%?+2%$#!W07',+:.%(5*!HO#(#!'#+>#'(!&#'#!5#,!+,>!&05#,!&%2O!+,!%,2#'#(2!%,!/5#'%N+,!(0N%#23!-72!+:(0! 2O0(#!&%2O!50,#3! 20! (6#,>P! ,02! 0,:3! 0,! +! >+%:3! ,#&(6+6#'P! -72! +:(0! 0,! +!5+?+e%,#*!D#+'(2f(!9%'(2!5#+(7'#!&+(!20!+>>!4O+':#(!I>&+'>!"7((#::P!+,!%,$#(2%.?+2%$#!W07',+:%(2P!20!2O#!5+?+e%,#f(!(2+99!_T+,>#:+3!USSZ`*.82%::P!2O#!2+'?#2!?'076!09!9%N2%0,!'#+>#'(!&+(!(2%::!'#?+'>#>!+(!%560'2+,2P!+,>P!2O#'#90'#P!+:0,?(%>#!%,$#(.2%?+2%$#!'#60'2%,?P!2O#!5+?+e%,#!'#2+%,#>!%2(!90N7(!0,!9%N2%0,P!+(!#$%>#,N#>!-3!2O#!67-:%N+2%0,!09!&'%2%,?(!-3!+72O0'(!-3!+50,?!02O#'(!8%,N:+%'![#&%(P!)+$%>!K'+O+5!CO%::%6(P!K#0'?#!=#',+'>!8O+&P!1620,!8%,N:+%'P!+,>!B>+!H+'-#::*!HO#!#>%20'%+:!5%d!09! %,$#(2%?+2%,?! W07',+:%(5! +,>! 9%N2%0,! &+(! (7NN#((97:! 90'! >#N+>#(P! +,>! %,! 2O#!FZRS(!2O#!5+?+e%,#!O+>!+NO%#$#>!+!N%'N7:+2%0,!09!FP\SSPSSS!N06%#(*!HO#!67-:%(O#'!O+>!(7NN##>#>!%,!%>#,2%93%,?!2O#!'#+>#'(!&O0!O+>!2O#!5#+,(!20!N0,(75#!2O#!6'0>.7N2(!09! 2O#!+>$#'2%(#'(!09!50>#',!N0550>%2%#(*!/2! 2O%(!60%,2! 2O#!5+?+e%,#f(!+>.$#'2%(%,?! '#$#,7#! '0(#! 20!u]5*!)7'%,?!<0':>!<+'! BB! 2O#!5+?+e%,#f(!N%'N7:+2%0,!'#+NO#>!U!5%::%0,!N06%#(*!

@#$#'2O#:#((P! %,! 2O#!FZ]S(P! 2O#!'#+>#'(O%6!O+>!(2+'2#>!20!>#N:%,#P!+,>!,#&!2+'?#2!?'076(!O+>!20!-#!907,>*!B2!&+(!N:#+'!2O+2!2O#!N0,2#,2(!09!2O#!5+?+e%,#!O+>!20!-#!>#$#:06#>!+NN0'>%,?!20!NO+,?#(!%,!(0N%#23*!HO#!5%d27'#!09!W07',+:%(5!+,>!9%N2%0,!&+(!+-072!20!NO+,?#!+,>!:#((!+22#,2%0,!&+(!20!-#!672!0,!9%N2%0,]*!!

B,!FZV]P!D#:#,!K7':#3!='0&,!&+(!N+::#>!%,!20!'#.%,$#,2!!"#$"%"&'()*!_T+,>#:+3!USSZ`*!<%2O!+!-+N;?'07,>!%,!+>$#'2%(%,?!+,>!+,!%,90'5#>!(#,(#!09!&O+2!&+(!O+6.6#,%,?! %,! (0N%#23P! (O#! %>#,2%9%#>! 2O#!5+?+e%,#f(! 2+'?#2! ?'076c! 2O#! 307,?P! (%,?:#!&05+,!&O0!6'#6+'#>!O#'(#:9!20!N+2NO!2O#!5+,!(O#!&+,2#>!+,>!&O0!,##>#>!+>$%N#!+-072!O0&!20!%56'0$#!O#'(#:9P!+,>!(+:#(!%,N'#+(#>!_MNK7%'#!USFS`*!D#:#,!K7':#3!='0&,!&+(!+-:#!20!-7%:>!0,!O#'!0&,!6'#$%07(!&0';P!+,>!>#$#:06!O#'!#d6#'%#,N#(*!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!]!! I',#(2!D#5%,?&+3P!,#$#'2O#:#((P!&+(!0,#!09!2O#!+72O0'(!&O0(#!9%N2%0,!&+(!(2%::!67-:%(O#>!%,!

!"#$"%"&'()*!%,!FZ]S*!D%(!,0$#:!8L0"##.(K/.E'7/0.)*B.D*(".(K/.J0//#!&+(!67-:%(O#>!+(!+!(#'%+:!(20'3! 9'05! 2O#!Q#-'7+'3! 20! 2O#! G7,#! %((7#(!-#90'#! %2!&+(!67-:%(O#>! +(! +!-00;! %,!8#62#5-#'!FZ]S!_Q0'(?i'>!USFFc!U^V`*!

U^!!!8L().M)#)/*#')!

!

B,!O#'!-00;!C/S.)*B.(K/.C'*1&/.4'0&!_FZVU`!D#:#,!K7':#3!='0&,!O+>!+:'#+>3!%>#,.2%9%#>!2O#!-+(%N!%,?'#>%#,2(!90'!2O#!9727'#!N0,N#62!09!2O#!!"#$"!1'0&*!HO#(#!%,N:7>.#>!5#,P!N+'##'(P!-0>3!&0';!+,>!-#+723!&0';P!9+(O%0,P!+,!+6+'25#,2!+,>!50,#3P!&O%NO!&#'#! +::! :%(2#>! %,! 2O#! (7-O#+>%,?! 09! O#'! -00;h!JK/.2*$)00'/B.M"$)*N#.4,'B/.(".=/*-.!)0//0#-.(K/.8%)0($/*(-.W'/(-.G)#K'"*-.="*/O.)*B.=/*!s(%Nt*!D#:.#,!K7':#3!='0&,!7(#>!O#'!0&,!:%9#!+(!+,!#d+56:#!+,>!%,!2O#!-00;!(O#!>#(N'%-#(!O#'!0&,!>#$#:065#,2c!mB!2O%,;!B!>#(#'$#>!O%5!s2O#!5+,!(O#!5+''%#>ta!Q0'!(#$#,.2##,!3#+'(!B!&0';#>!O+'>!20!-#N05#!2O#!;%,>!09!&05+,!&O0!5%?O2!%,2#'#(2!O%5*b!_K7':#3!='0&,!FZVUc!E`!!

B,>##>P!D#:#,!K7':#3!='0&,!O+(!%,9:7#,N#>!2O#!5+?+e%,#!20!(7NO!+,!#d2#,2!2O+2!#>%20'(!(2%::! 20>+3!'#9#'! 20!O#'!+(!m2O#! :#?#,>+'3!!"#$"! 907,>#'b!_!"#$"%"&'()*!1JP! I>%20'%+:P! /7?7(2! USSE`*! K%$#,! 2O#! O%(20'3! 09! 2O#! 5+?+e%,#! +(! >#(N'%-#>!+-0$#P!2O%(!%(!,02!k7%2#!N0''#N2*!8O#!>%>!,02!(2+'2!2O#!5+?+e%,#P!-72!(O#!'#%,$#,2#>!%2!%,!%2!50>#',!90'5*!8O#!(O07:>P!2O#'#90'#P!-#!'#?+'>#>!,02!+(!2O#!907,>#'P!-72!2O#!%,,0$+20'!&O0!5+>#! 2O#!5+?+e%,#! %,20!&O+2! %2! %(! 20>+3h! +:(0P! (O#!&+(! 20!-#! %2(!#>%20'!90'!RU!3#+'(*!B,!FZV\P!&%2O!O#'!+(!2O#!#>%20'P!JK/.!"#$"%"&'()*!>'066#>!2O#!+'2%N:#!+,>!-#N+5#!!"#$"%"&'()**)

/!>#N+>#!:+2#'P!-3! 2O#!1J!:+7,NO!09!!"#$"%"&'()*! %,!FZ\UP! 2O#! 2+'?#2!'#+>#'!09!!"#$"%"&'()*.O+>!-##,!%>#,2%9%#>!+,>!2O#!'#+>#'!&+(!+!&05+,!>0%,?!m>05#(2%N!&0';P!-#+723!&0';P!(#d!&0';b!_K07?O.l+2#(!USSRc!FFSP!FFU`*!B,!2O#!$0N+-7:+'3!09!2O#!2%5#P!m(#d!&0';b!(%56:3!5#+,2!+,!+N2%$#!(#d!:%9#*!8O#!&+(!+!&05+,!&%2O!+,!#>7N+2%0,P!+!W0-!072(%>#!2O#!O05#!+,>!50,#3!09!O#'!0&,!20!(6#,>*!HO%(!&+(P!+N.N0'>%,?!20!2O#!5+';#2%,?!W+'?0,P!m2O#!,#&!p:%-#'+2#>f!&05+,b!_M+?90'75!USSF.FU`*!=3!2O#!#,>!09!2O#!>#N+>#P!2O#!2+'?#2!?'076!O+>!-##,!#6%205%e#>!%,20!2O#!!"#5$"!1'0&! +,>!!"#$"%"&'()*f(! 2'+,(%2%0,! 9'05! +! 9+5%:3!5+?+e%,#! %,20! +!&05#,f(!5+?+e%,#!O+>!-##,!N056:#2#>*!l#2!+,02O#'!>#N+>#P!+,>!2O#!FZ^\!5+';#2!'#(#+'NO!(6#N%9%#>! 2O#! '#+>#'! +(!50'#! #>7N+2#>! +,>!&%2O!50'#!50,#3! 20! (6#,>P! +,>! O#'!5+%,!%,2#'#(2(!O+>!(O%92#>!%,!:#((!2O+,!2&0!>#N+>#(!9'05!>05#(2%N!&0';!20!N+'##'!%((7#(*!<%2O!D#:#,!K7':#3!='0&,P!!"#$"%"&'()*! %,2'0>7N#>! 2O#! N:0(#.76! N0$#'!6O020!09!+!&05+,!&O0!+66#+'#>! 20!-#!+&+'#!09! 9+(O%0,P!-72!+:(0!09!O#'!6#'90'.5+,N#!+,>!O#'!(#d7+:!+66#+:h!50(2:3!m+!50>#:!%,!5%,%5+:!N:02O%,?bP!+NN0'>%,?!20!MNK7%'#!_USFS`*!8O#!&+(.2O#!!"#$"!1'0&!&O0!&+(!-02O!2O#!'#+>#'!+,>!+!>#(N'%6.2%0,!09!2O#!9#5%,%,%23!20!&O%NO!2O#!'#+>#'!&07:>!+(6%'#!_C%N27'#!U`*!

!!!!

! 8L().M)#)/*#')!!!UZ!

! !

!

A&E2".0)QP!! 40$#'!09!!"#$"%"&'()*!1J!)#N#5-#'!USFF*!

Q0'!2O#!6+(2!ES!3#+'(P!2O#!0,:3!NO+,?#(!0,!2O#!N0$#'!09!!"#$"%"&'()*!N0$#'!O+$#!-##,!2O#!N:02O#(P!2O#!5+;#.76!+,>!2O#!O+%'(23:#!90::0&%,?!2O#!NO+,?#(!%,!9+(O%0,!+,>!6+'2!09!O0&!2O#!5+?+e%,#!O+(!N0,(2'7N2#>!2O#!%>#+:!6#'90'5+,N#!+2!+,3!?%$#,!60%,2! %,! 2%5#*! HO#! N0$#'! O+(! '#?7:+':3! 9#+27'#>! +! (%,?:#!&05+,P! +! '#9#'#,N#! 20!%,>%$%>7+:%23! 0'! 0NN+(%0,+::3! +! 9#&!&05#,! 20?#2O#'*! HO#!&05+,! 90'! 2O#! N0$#'!_7(7+::3!+!50>#:!0'!+!N#:#-'%23`!O+(!-##,!NO0(#,P!+(!<O%2#O0',#!_USS\c!EF`!672(!%2P! m20! 60'2'+3! 2O#!500>! +,>! +%5(!09! 2O#!5+?+e%,#b! +,>!O#'! 97,N2%0,! %(! 20! -#! +!m(23:%e#>P! %>#+:%e#>!5%''0'b!09!&O+2! 2O#!'#+>#'!mN07:>!-#! :%;#b*!Q0'! %,(2+,N#P! 2O#!

RS!!!8L().M)#)/*#')!

!

N0$#'!09!)#N#5-#'!USFF!(O0&(!O0&!-#+NO!9+(O%0,!_2O#!(2'+6:#((!206P!2O#!(O0'2(`!O+(! %,$+>#>! 2O#!>05+%,!09!6+'23!0729%2(! _2O#!(#::%,?! :%,#!N+::(! %2!m9%#'N#!9+(O%0,b!+,>!6'05%(#(!mE^U!(76#'.?:+5! :00;(! 20! (2#+:! 2O#! (602:%?O2b`*!M0'#0$#'P! 2O#!O+%'!0,#!&+,2(! %,!USFF! %(!m(#d3bP!&O%:#! %,!6'#$%07(!>#N+>#(! %2!&07:>!O+$#!-##,!>#.(N'%-#>!20!9%2!2O#!2'#,>(!09!2O+2!6#'%0>*!L2O#'&%(#P!2O#!N0$#'!O+(!9#+27'#>!+!&05+,!%,!+!(#:9.N0,9%>#,2!60(#!+,>P!60((%-:3P!:00;%,?!+!-%2!NO##;3*!HO#!1'0&!09!2O#!N0$#'!09!)#N#5-#'!USFF! :00;(!+2! 2O#! '#+>#'! %,!+!50N;!(+:72#!&%2O! 2O#!N+'%N+27'#!09!+!&%,;!+>>#>*!!

!"#$"%"&'()*!O+(!N0,2%,7#>!20!>#$#:06!20!+66#+:! 20!,#&!?'076(!09!'#+>#'(!&O0!'#k7%'#!,#&!6#'(6#N2%$#(!0,!&O+2!%2!%(!20!-#!+!&05+,!%,!2O#%'!2%5#*!HO#(#!?'076(!N0,(%(2!09!307,?!&05#,!&O0!&+,2!20!#,W03!2O#5(#:$#(c!9+5%:3!>72%#(P!>05#(2%N!NO0'#(!+,>!W0-!%((7#(!+'#!#dN:7>#>P!+,>!+!(+:+'3!%(!+!6'#'#k7%(%2#!90'!+!&05+,!20!672!0,! 2O#!6#'90'5+,N#!09! 2O#!6+'23!?%':*!80N%+:!NO+,?#(!+,>! 2O#! %,2'0>7N2%0,!09!2O#!-%'2O!N0,2'0:!6%::!?+$#!'%(#!20!2O#!9#5%,%(2!50$#5#,2!09!2O#!FZ\S(!+,>P!(7-(#.k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

M+?+e%,#(!+,>!2O#%'!2+'?#2!?'076(!O+$#!-#N05#!?:0-+:*!HO#!:+7,NO%,?!09!%,>%$%>.7+:! 5+?+e%,#! 2%2:#(! &0':>&%>#! O+(! -##,! 5+>#! 60((%-:#! -3! 2O#! ?:0-+:%e+2%0,! 09!#,2#'6'%(#(P! +50,?! 2O#5! 2O#! 5#>%+! N056+,%#(*! B,>##>P! 2O#! 907,>+2%0,! 90'! 2O#!?:0-+:%e+2%0,!09!2O#!5+?+e%,#!%,>7(2'3!&+(!:+%>!+(!#+':3!+(!FZFSP!&O#,!D#+'(2!(#2!76!O%(!@+2%0,+:!M+?+e%,#!4056+,3!_M+?90'75P!D#+'(2!1J!USSF.USFU`!+(!+!200:!90'! N0,2'0::%,?! +,>!5+';#2%,?! O%(! >%$#'(%9%#>!5+?+e%,#(! 20! 2O#%'! (#6+'+2#! 2+'?#2!?'076(P!0,#!09!2O#5!-#%,?!JK/.!"#$"%"&'()*V!B2!&07:>P!+(!>#(N'%-#>!+-0$#P!2+;#!(%d! >#N+>#(! +,>! +! '#50>#::%,?! 09! 2O#!5+?+e%,#! 20! #(2+-:%(O! %2! 0,! 2O#! >05#(2%N!/5#'%N+,!5+';#2!90'!&05#,f(!5+?+e%,#(*!H0!:+7,NO!!"#$"%"&'()*!+-'0+>!&07:>!2+;#!97'2O#'!>05#(2%N+2%0,!09!2O#!N0,2#,2!+NN0'>%,?!20!2O#!2+'?#2!N7:27'#*!

HO#! :+7,NO%,?! 09! 2O#! 9%'(2! %,2#',+2%0,+:! #>%2%0,! 09!!"#$"%"&'()*P!!"#$"%"&'()*!1JP!&+(!+!'#(7:2!09!+,>!5+>#!60((%-:#!-3!57:2%,+2%0,+:!5#>%+!0&,#'(O%6*!B2!&+(!+:(0!0,#!09!2O#!9%'(2!#d+56:#(!09!2O#!?:0-+:%e+2%0,!09!+,!%,>%$%>7+:!&05#,f(!5+?.+e%,#!2%2:#*!HO#!:+7,NO!200;!6:+N#!%,!2O#!1J!%,!FZ\UP!+,>!2O#!67-:%(O#'!&+(!/4C.@+2!M+?(P!&O%NO!&+(!+!W0%,2!$#,27'#!-#2&##,!/7(2'+:%+,!/4C!+,>!D#+'(2f(!@+.2%0,+:!M+?+e%,#! 4056+,3*! HO#! 907,>%,?! 09! D#+'(2!M+?+e%,#(! B,2#',+2%0,+:! %,!FZ^Z!O#'+:>#>!2O#!N0,2%,7#>!:+7,NO%,?!09!!"#$"%"&'()*!&0':>&%>#*!!

! 8L().M)#)/*#')!!!RF!

! !

H0&+'>(!2O#!#,>!09!2O#!US2O!N#,27'3!2O#!6+N#!09!5#>%+!?:0-+:%e+2%0,!+NN#:#'+2#>*!HO#! (2'+2#?3! 09! 2O#! 18! 6+'#,2! N056+,3! &+(! 20! 67-:%(O! 2%2:#(! %,2#',+2%0,+::3!2O'07?O! 2O#! ,#&! N056+,3! +,>! 2O7(! +22'+N2! -'+,>! +>$#'2%(%,?! &0':>&%>#*! HO#!(2'+2#?3!O+(!-##,!(7NN#((97:!+,>!20>+3!!"#$"%"&'()*!%(!67-:%(O#>!%,!RE!:+,?7+?#(!+,>!]^!#>%2%0,(!&O%NO!+'#!>%(2'%-72#>!%,!0$#'!FSS!N07,2'%#(!_T+,>#:+3!USSZ`*!B,!+>>%2%0,!20!2O#!18!+,>!1J!#>%2%0,(P!!"#$"%"&'()*!,0&!67-:%(O#(!%,P!90'!%,(2+,N#P!/7(2'+:%+P!='+e%:P!Q%,:+,>P!Q'+,N#P!K#'5+,3P!K'##N#P!D0::+,>P!D0,?!J0,?P!G+6+,P!8&#>#,!+,>!8072O!/9'%N+P!+(!&#::!+(!%,!N07,2'%#(!%,![+2%,!/5#'%N+*!HO#!:+7,NO%,?!09!2O#!VS2O!%,2#',+2%0,+:!#>%2%0,!09!!"#$"%"&'()*!200;!6:+N#!%,!/6'%:!USFSP!%,!T%.#2,+5! _/54O+5!T%#2,+5! %,!@#&(! USSU.USF]`*! HO7(P!!"#$"%"&'()*f(! >#(N'%6.2%0,!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23!%(!-#%,?!5+>#!+$+%:+.-:#!+N'0((!N7:27'#(!+,>!:+,?7+?#(*!HO#!+,*-.+/)0&/##.+/$)&/#!&0':>&%>#!+'#!%,$%2#>!20!+>062!O#'!6#'90'5+,N#!+,>!W0%,!O#'!N0557,%23!+:2O07?O!%,!+!:0N+::3!50>%9%#>!90'5*!

HO%(! (7-NO+62#'! O+(! >#+:2! -'%#9:3! &%2O! 2O#! >#$#:065#,2! 09!!"#$"%"&'()*! 0$#'!2%5#! 9'05!+! 9+5%:3!5+?+e%,#! 20!+!&05#,f(!5+?+e%,#*! B,!&O+2! 90::0&(P! 2O#! %5.60'2+,N#!09!5+';#2!'#(#+'NO!90'!2O#!>#$#:065#,2!09!2O#!N0,N#62!09!2O#!!"#$".1'0&!&%::!-#!>%(N7((#>P!+,>!2O#!#N0,05%N!%560'2+,N#!09!2O#!&05#,f(!5+?+e%,#!5+';#2!%,! 2O#!1J!%,! 2O#!#+':3!3#+'(!09! 2O#!UF(2!N#,27'3!&%::!-#! %::7(2'+2#>! 2O'07?O!(05#!;#3!9%?7'#(*!

U*U! M+';#2!"#(#+'NO!+,>!2O#!!"#$".4'0&!

HO#!!"#$".1'0&! %(! +!6'0>7N2!09!5+';#2! '#(#+'NOP!&O%NO!6'0$%>#(! %,90'5+2%0,!09!O0&!2O#!5+?+e%,#!(O07:>!(2'7N27'#!%2(!N0,2#,2(!%,!0'>#'!20!+66#+:!20!+!+,*-.+/)0&/##.+/$)&/! +,>!+22'+N2!O#'! +(! +! '#+>#'! +,>!N0,(75#'*!C7-:%(O#'(P! #>%20'(!+,>!5+';#2!'#(#+'NO! N0,(2'7N2! 2O#! 5+?+e%,#f(! >%(N07'(#! 09! O#'! 6#'90'5+,N#P! :#+$%,?! (N+,2!5+'?%,!90'!+!N056#2%,?!>%(N07'(#*!!

M+';#2! '#(#+'NO! 0'%?%,+2#(! %,! k7+,2%2+2%$#! >#50?'+6O%N(! _='%#':#3! FZZ^c! RZ`P!&O%NO!>#$#:06#>!20&+'>(!2O#!#,>!09!2O#!F^SS(*!)#50?'+6O%N(!N:+((%9%#>!2O#!(7-.W#N2(! +NN0'>%,?! 20! 2O#%'!0NN76+2%0,P! %,N05#P! (#d!+,>!+?#!+,>!N05-%,#>! 2O#(#! 20!+,2%N%6+2#! (6#,>%,?! O+-%2(*! [%9#(23:#! '#(#+'NOP! +(! %2! >#$#:06#>! _K07?O.l+2#(!USSRc!VUnVR`P!-#?+,! 20!N:+((%93!6#06:#!+NN0'>%,?! 20! 2O#%'! (7-W#N2%$#!-#:%#9(! +,>!+22%27>#(*! HO#! 5+?+e%,#(! 2O#5(#:$#(! '#9:#N2! 2O%(! NO+,?#! +,>! 2O#%'! N0,2#,2(! +,>!>%(N07'(#! +'#! 2+%:0'.5+>#! +NN0'>%,?:3*! H0>+3! '#+>#'(! 09!5+?+e%,#(! +'#! >#9%,#>!&%2O!+NN7'+N3P!+,>!2O#!'#+>#'!09!+!5+?+e%,#!N+,!#$#,!-#!#6%205%e#>P!+(!%(!2O#!N+(#!&%2O!!"#$"%"&'()*f(!!"#$"!1'0&*!HO#!67-:%(O#'(!;,0&!&O0!2O#!!"#$"!1'0&!%(P!O#'!+?#!+,>!&O+2!O#'!O0--%#(!+,>! %,2#'#(2(!+'#*!8O#!+,>!O#'! :%9#(23:#!+,>P!50(2! %5.

RU!!!8L().M)#)/*#')!

!

60'2+,2:3P! O#'! (6#,>%,?! O+-%2(P! '#5+%,! 2O#! (+5#! '#?+'>:#((! 09! 2O#! N07,2'3P! :+,.?7+?#!0'!N7:27'#!_M+NO%,!q!$+,![##7&#,!USSRc!]FS`*!!

H0>+3f(!!"#$"!1'0&!%(!+!307,?!6'09#((%0,+:!&05+,!&%2O!+,!%,2#'#(2!%,!O#'!O#+:2OP!-#+723P!N+'##'!+,>!'#:+2%0,(O%6(*!B,!USS\P!2O#!5#>%+,!+?#!09!2O#!'#+>#'!09!!"#$"5%"&'()*!1J!#>%2%0,!&+(!?%$#,!+(!U^!_@+2%0,+:!M+?+e%,#(P!M#>%+,!/?#!09!!"#$".4'0&!USSVV`*!D0&#$#'P!6+'#,2+:!N0,N#',!O+(!-##,!#d6'#((#>!%,!2O#!5#>%+!+,>!0,!2O#! B,2#',#2! 2O+2! 2O#! +N27+:! '#+>#'! %(! %,! 9+N2! 307,?#'P! 6#'O+6(! +! 2##,+?#'! &O0!&07:>!:%;#!20!9%,>!072!50'#!+-072!+>7:2!:%9#!+,>!O#'!0&,!(#d7+:%23*!=3!USFSP!2O#!67-:%(O#'!?%$#(!2O#!5#>%+,!+?#!+(!U\!_@+2%0,+:!M+?+e%,#(P!M#>%+,!/?#!09!!"#$".4'0&!USFS\`P!+:2O07?O!-3!U\!+!(%?,%9%N+,2!,75-#'!09!'#+>#'(!N+,!-#!#d6#N2#>!20!-#!%,!+!'#:+2%0,(O%6P!5+''%#>!0'!&%2O!NO%:>'#,*!

/!&05#,f(!5+?+e%,#!%(!+!5+';#2%,?!+,>!+>$#'2%(%,?!#,2#'6'%(#!&%2O!2&0!(07'N#(!09!'#$#,7#c!N%'N7:+2%0,!+,>!+>$#'2%(%,?*!B2!N056#2#(!&%2O!(%5%:+'!6'0>7N2(!90'! %2(!(O+'#!09!2O#!'#+>#'(O%6!5+';#2!+,>!2O#!+>$#'2%(%,?!5+';#2*!!"#$"%"&'()*!1JP!+(!+,!I,?:%(O.:+,?7+?#!5+?+e%,#!O+(!-02O!+!,+2%0,+:!+,>!%,2#',+2%0,+:!5+';#2!&O#'#!%2! N056#2#(!&%2O!02O#'! 2%2:#(! 90'! (+:#(!+,>!+>$#'2%(%,?! '#$#,7#*!HO#!#,2%'#!-'+,>!!"#$"%"&'()*! %,! $+'%07(! :+,?7+?#(! %(P! +-0$#! +::P! +,! %560'2+,2!5+';#2! 6:+N#! 90'!%,2#',+2%0,+:! -'+,>! +>$#'2%(%,?*! <#(2#',P! +,>! (6#N%9%N+::3! /5#'%N+,P! N0,(75#'!N7:27'#! %(! (6'#+>%,?P! +,>! 2O#'#! %(! +!50$#! 20&+'>(! 2O%(! mL"$$"*! ?:0-+:! N7:27'#b!_/::#,!FZZ]c!FFE`!%,!&O%NO!+7>%#,N#(!+'#!+>>'#((#>!+(!%9!2O#3!&#'#!O050?#,#07(*!B9!2O#!(6#,>%,?!O+-%2(!+'#!(6'#+>%,?P!2O#3!+'#P!%,!9+N2P!-#N05%,?!O050?#,07(*!HO#!I,?:%(O.:+,?7+?#!!"#$"%"&'()*! _-02O! 2O#!1J!+,>!18!#>%2%0,`! N056#2#(! 0,! 2O#!%,2#',+2%0,+:!5+';#2!+,>!+>$#'2%(#'(!+'#!&#::!+&+'#!09!2O%(*!HO#3!+'#!N056#2%,?!%,!02O#'! N07,2'%#(! -02O! &%2O! >05#(2%N! 2%2:#(! +,>! +:(0! &%2O! 02O#'! I,?:%(O.:+,?7+?#!#>%2%0,(!09P!(+3P!2O#!Q'#,NO!2%2:#(!_I&&/`*!!

Q0'! %2(! '#$#,7#P! 2O7(P! +!5+?+e%,#!>#6#,>(!0,! 2O#! (7NN#((97:! N05-%,+2%0,!09! 2O#!%,2#'#(2!09!%2(!+>$#'2%(#'(!+,>!'#+>#'(*!HO#!+>$#'2%(#'(f!%,2#'#(2!%(!%,!2O#!,75-#'!09!'#+>#'(!+,>!2O#%'!-73%,?!60&#'P!&O%:#! 2O#!'#+>#'(f! %,2#'#(2! %(!5+%,:3!%,!2O#!N0,.2#,2(!09!2O#!5+?+e%,#*!Q0'!%,(2+,N#P!+NN0'>%,?!20!2O#!@+2%0,+:!"#+>#'(O%6!87'$#3!_@"8`! ^]v! 09!1J! +>7:2(! '#+>! +! N0,(75#'!5+?+e%,#P! +,>P! %,! USS^P! N0,(75#'(!(6#,2! 50'#! 2O+,! wU-,! +,>! +>$#'2%(#'(! ,#+':3! w\]S5! 0,! N0,(75#'! 5+?+e%,#(!_40,(75#'!M+?+e%,#!Q+N2(!q!Q%?7'#(!USSZ`*!B9!2O#!%,2#'#(2!09!0,#!09!2O#!?'076(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!V!! HO#! (%2#! %(! ,0! :0,?#'! +$+%:+-:#! +,>! +NN#((! 20! @+2M+?(! (2+2%(2%N(! O+(! -##,! '#(2'%N2#>*! HO#!6'%,2072!9'05!2O#!USSV!&#-6+?#!%(!?%$#,!+(!/66#,>%d!F!20!2O%(!N7''#,2!2O#(%(*!

\!! HO#!@+2M+?(!"+2#!4+'>! 90'! USFS! N:+%5(! 2O+2!40(5060:%2+,! '#+NO#(! mF! %,! R!/=4F!&05#,!+?#>! F^.RS! #$#'3! 3#+'b*! /=4F! %(! +! 2#'5! 7(#>! %,! >#50?'+6O%N! N:+((%9%N+2%0,! %,>%N+2%,?! 2O#!2O'##!O%?O#(2!(0N%+:!?'+>#(*!HO#!(%2#!%(!,0!:0,?#'!+$+%:+-:#P!+,>!2O#!"+2#!4+'>!USFS!%(!?%$#,!+(!/66#,>%d!U*!

! 8L().M)#)/*#')!!!RR!

! !

9+>#(P!2O#,!2O#!%,2#'#(2!09!2O#!02O#'!>%5%,%(O#(!+(!&#::*!HO#!'#(7:2!%(!+!>0&,&+'>!50$#5#,2P! 2O+2!%(P!2O#!N%'N7:+2%0,!(6%'+:*!HO#!0660(%2#!%(!+:(0!2'7#c!+,!%,N'#+(%,?!,75-#'!09!'#+>#'(!'#(7:2(!%,!%,N'#+(#>!+>$#'2%(%,?!+,>!+!60(%2%$#!N%'N7:+2%0,!(6%'+:*!B>#+::3P! 20!;##6! 2O#! %,2#'#(2!09!-02O!?'076(P! 2O#! :%9#(23:#!6'0502#>!-3! 2O#!5+?+.e%,#!,##>(!20!+22'+N2!+,>!'#2+%,!2O#!+22#,2%0,!09!2O#!'#+>#'(!+,>!+:(0!(7660'2!+,>P!O06#97::3!#$#,!#,O+,N#P!2O#!N0,(7562%0,!+,>!(+:#(!09!2O#!6'0>7N2(!09!2O#!+>$#'.2%(#'(*!

HO#!:+7,NO%,?!09!+!5+?+e%,#!-#?%,(!&%2O!2O#!67-:%(O#'f(!-7(%,#((!6:+,*!B,!0'>#'!20! 2'+,(9#'! 2O#%'! 6'060(+:! %,20! +! (7NN#((97:! -7(%,#((! $#,27'#P! 2O#3!,##>! 20! ;,0&!&O0!2O#!'#+>#'(!09!2O#!5+?+e%,#!N07:>!-#*!HO#!2+'?#2!?'076!09!'#+>#'(!%(!%>#,2%.9%#>!2O'07?O!5+';#2!'#(#+'NO!-+(#>!0,!2O#!67-:%(O#'f(!%>#+!09!&O0!2O#!9727'#!+>.$#'2%(#'(!N07:>!60((%-:3!-#*!HO#!2+'?#2!?'076(!&%::P!+NN0'>%,?!20!5+?+e%,#!%,>7(.2'3!N7(205(P!-#!'#$%#&#>!+2!'#?7:+'!%,2#'$+:(P!+,>!'#>#9%,#>*!

/(!#N0,05%N!+,>!(0N%+:!(2'7N27'#(!NO+,?#P!,#&!5+';#2!'#(#+'NO!5#2O0>(!+'#!'#.k7%'#>!20!%>#,2%93!_,#&`!N0,(75#'!?'076(*!HO#!>#$#:065#,2!09!2O#!&#(2#',!%,>7(.2'%+:! #N0,053! %,! 2O#!5%>.FZSS(! %,N'#+(#>! 2O#! ,75-#'! 09! 6#06:#!&%2O!50,#3! 20!(6#,>! 0,! N0,(75#'! ?00>(! :#%(7'#P! &O%:#! %,>7(2'%+:! 5+((! 6'0>7N2%0,! %,2#'+N2%,?!&%2O!(0N%+:!+,>!N7:27'+:!NO+,?#(! '#(7:2#>! %,! 2O#!?'0&2O!09!+!N0550>%23!N7:27'#*!HO#(#!NO+,?#(!N'#+2#>!,#&!2+'?#2!?'076(!&O%NO!+>$#'2%(#'(!,##>#>!20!%>#,2%93*!H0!2O%(!#,>P!>%99#'#,2!5#2O0>(!09!5+';#2!'#(#+'NO!&#'#!,##>#>!20!>#9%,#!+,>!'#>#9%,#!N0,(75#'(!+,>!'#+>#'(*!=3! 2O#! :+2#!FZ\S(P!5+';#2! '#(#+'NO!O+>!50$#>!9'05!2O#!2'+>%2%0,+:! 60(2.&+'! k7+,2%2+2%$#! 5+';#2! '#(#+'NO! -+(#>! 0,! >#50?'+6O%N(! 20! +!k7+:%2+2%$#! :%9#(23:#! '#(#+'NO! 7(%,?! 9%'(2! (#?5#,2+2%0,! -3! p+22%27>#f! +,>! 2O#,! -3!p:%9#(23:#f! _K07?O.l+2#(! USSRc! UP! k702%,?! <%,(O%6! FZ^\c! EV.E\h! K07?O.l+2#(!USSRc!VUP!='%#':#3!FZZ^c!ES`*!HO#! '#+>#'!09!&05#,f(!5+?+e%,#(!&+(!,0! :0,?#'!%>#,2%9%#>! (2+2%(2%N+::3! 0'! ?#0?'+6O%N+::3! -72! +NN0'>%,?! 20! %,2#'#(2(*! 8O#! &+(! ,0!:0,?#'!0,#!%,!+!?'076!09!&05#,!+?#>!U]nR]!:%$%,?!%,!l0';(O%'#h!(O#!&+(!,0&!+!(%,?:#!&05+,! %,!l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k7+'2#'*!/:(0P!2O#!,75-#'!09!NO%:>'#,!%,!NO%:>N+'#!O+>!%,N'#+(#>!-3!\V!6#'!N#,2P!%,>%N+2%,?!+!O%?O#'!6#'N#,2.+?#! 09!&05#,! %,!&0';%,?! :%9#*! Q0N7(%,?! 0,! 2O#! ,75-#'! 09!&05#,!&%2O! +,! %,.N05#P! 2O#!5+?+e%,#!&+(! N0,(#k7#,2:3! N+:%-'+2#>! 20! 2+'?#2! 2O#! (6#N%9%N! ?'076!09!307,?P!%,>#6#,>#,2!&05#,!&%2O!50,#3!20!(6#,>*!_K07?O.l+2#(!USSRc!FFF.FFU`!

RE!!!8L().M)#)/*#')!

!

B9!2O#!2+'?#2!?'076!09!+!5+?+e%,#!,##>(!20!-#!'#>#9%,#>P!2O#!N0,2#,2(!09!2O#!5+?+.e%,#! ,##>! 20! -#! '#$%(#>! +NN0'>%,?:3*! "#>#9%,%2%0,! %(! ,#N#((+'3! +,>! ,#&! 2+'?#2!?'076(!,##>! 20! -#! 907,>! %9! 2O#! '#+>#'(P! 2O#%'! :%9#! (%27+2%0,! +,>! %,2#'#(2(! NO+,?#*!HO%(P!%,!27',P!%(!-02O!2O#!N+7(#!+,>!2O#!'#(7:2!09!2O#!(0N%+:!NO+,?#!+,>!#N0,05%N!>#$#:065#,2*!/!?'0&%,?!#N0,053!&%::P!0,!2O#!0,#!O+,>P!%,N'#+(#!60&#'!+,>!2O#!,75-#'!09! 6#06:#!&%2O!50,#3! 20! (6#,>!0,!5+?+e%,#(*!/! '#N#((%0,!&%::P! 0,! 2O#!02O#'! O+,>P! '#(2'%N2! (6#,>%,?P! +,>! 2O7(! '#$#'(#! 2O#! 6'0N#((*! /,02O#'! '#+(0,! 90'!NO+,?#(!%,!2O#!2+'?#2!?'076(!N+,!-#!907,>!%,!2O#!(O%92%,?!90N7(!%,!2O#!9%#:>(!09!N7:.27'+:!$+:7#(!+,>!(0N%+:!0'!60:%2%N+:!+?#,>+(*!H07?O#'!N056#2%2%0,P!(7NO!+(!-#2&##,!40(5060:%2+,!+,>!I::#P!5+3!+:(0!N+7(#!NO+,?#(*!!

M+?+e%,#(!N+,! +>W7(2! 20! NO+,?#(! %,! N0,(75#'!O+-%2(! %,! (0N%#23! #%2O#'!-3! 2+;%,?!%,20! +NN07,2! 2O#! ,#&! %,2#'#(2(! 09! 2O#%'! 0'%?%,+:! 2+'?#2! ?'076P! 0'! -3! 9%,>%,?! ,#&!'#+>#'(*!4056#2%2%0,!%,!2O#!5+?+e%,#!5+';#2!%(!207?OP!+,>!N+:%-'+2%0,!20!2O#!,##>(!09!+!2+'?#2!?'076!+,>!2O#!>#5+,>(!09!2O#!+>$#'2%(#'(!O+(!-#N05#!+,!0,.?0%,?!6'0.N#((! HO#! (6%'+:! ,##>(! 20! '#5+%,! 60(%2%$#! +,>! -02O! '#+>#'(! +,>! +>$#'2%(#'(! ;#62!(+2%(9%#>!&%2O!2O#!5+?+e%,#*!82%::!+!NO+,?#!%,!2O#!%>#0:0?3!09!2O#!5+?+e%,#!>0#(!,02! +:&+3(! ?7+'+,2##! (7NN#((*!<O%:#! 2O%(!5+3! -#! 2O#! N+(#P! 2O#! NO+,?#! N+,! +:(0!'#(7:2! %,!>&%,>:%,?!%,2#'#(2!9'05!2O#!'#+>#'(!+,>g0'!+>$#'2%(#'(!+,>P! %,!2O#!&0'(2!(N#,+'%0P!%,!2O#!>#+2O!09!+!5+?+e%,#*!

B,>##>P! (05#! N+:%-'+2%0,! 6'0N#((#(! O+$#! (7NN##>#>!&O%:#! 02O#'(! O+$#! ,02*! L,#!7,(7NN#((97:!#,2#'6'%(#!&+(!2O#!'#.:+7,NO!09!@"*/O!%,!2O#!1J!%,!FZ^S*!8%,N#!2O#!5+?+e%,#!O+>!9%'(2!-##,!:+7,NO#>!%,!FZVSP!%2!O+>!-##,!m+!?:0((3!(O06!&%,>0&!90'!2O#! :+2#(2! %,! 9+(O%0,! +,>! -#+723! 6'0>7N2(b! _<%,(O%6! FZ^\c! EE! %,! K07?O.l+2#(!USSRc!^R`*! B,! 2O#! :+2#!FZ\S(! %2(!N%'N7:+2%0,!O+>!(2+'2#>! 20! 9+::P! +,>! 2O#!5+?+e%,#!&+(! :0(%,?! +>$#'2%(#'(*! B,! 2O#! 90::0&%,?! >#N+>#! 2O#! (+:#(!&#'#! >&%,>:%,?*!@#&!'#+>#'(! +,>! +>$#'2%(#'(! O+>! 20! -#! 907,>P! +,>! %,! FZ^SP! 2O#! 5+?+e%,#! &+(! '#.>#(%?,#>! +,>! '#.:+7,NO#>! %,! +,! #d6#,(%$#! 5+';#2%,?! N+56+%?,*! HO#! '#.:+7,NO!&+(!%,2#,>#>!20!;##6!2O#!0:>!'#+>#'(!+(!&#::!+(!20!+22'+N2!,#&!0,#(*!

HO#! ,#&!5+?+e%,#! 9#+27'#>!5+2#'%+:! (7NO! +(! N+'##'! %((7#(! &O%NO!&#,2! -#30,>!9+(O%0,!+,>!-#+723!+,>!&#'#P!(7660(#>:3P!09!%,2#'#(2!20!2O#!,#&!&05+,*!HO#!,#&!@"*/O!&+(!2+'?#2%,?!+!(6#N%+:%(2!+7>%#,N#!&%2O!%2(!p50'#!2O%,;%,?f!#>%20'%+:P!+,>!-3!+>>%,?!60:%2%N+:!+,>!9#5%,%(2!%((7#(!20!%2(!9+5%:%+'!:%9#(23:#!%>#,2%23*!D0&#$#'P!'#+>#'(!+(!&#::!+(!+>$#'2%(#'(!'#W#N2#>!2O#!,#&!%>#,2%23!6'09%:#*!L:>!'#+>#'(!N07:>!,02!'#N0?,%e#!2O#5(#:$#(!%,!2O#!'#>#9%,#>!&05+,!+,>!2O#!5+?+e%,#!9+%:#>!20!+2.2'+N2!,#&!?'076(!09!'#+>#'(!+(!&#::*!HO#!,#&!#>%20'%+:!5%d!09!:%9#(23:#!+,>!9#5%.,%(5!5+>#! %560'2+,2! +>$#'2%(#'(! 7,N0590'2+-:#! +,>! %,(#N7'#! +-072! O0&! 20! +>.>'#((! 2O#! '#+>#'.N0,(75#'*! HO#! :%9#(23:#! 6'0502#>! -3!@"*/O! +66#+'#>! 20!&0';!+?+%,(2!2O#!-'+,>!%5+?#!09!2O#!6'0>7N2(!09!2O#!+>$#'2%(#'(*!@"*/O!(+:#(!+,>!+>$#'.

! 8L().M)#)/*#')!!!R]!

! !

2%(%,?!'#$#,7#!N0,2%,7#>!20!9+::P!+,>!2O#!5+?+e%,#!&+(!>%(N0,2%,7#>!%,!FZ^VP!(%d!3#+'(!+92#'!%2(!'#.:+7,NO*!_K07?O.l+2#(!USSRc!^R.^E`!

H0!(#N7'#!2O#!(7660'2!09!%2(!+>$#'2%(#'(!+,>!%2(!+>$#'2%(%,?!'#$#,7#P!2O#!5+?+e%,#!,##>(!20!>#(%?,!%2(!N0,2#,2(!20!(7660'2!2O#!5+';#2%,?!6'060(%2%0,(!09!2O#!+>$#'2%(.#'(*!M0'#0$#'P!2O#!N+(#!09!@"*/O!%::7(2'+2#(!2O+2!90'!+!5+?+e%,#!20!-#!9%,+,N%+::3!(7NN#((97:P! 2O#! 6'0502#>! 236#! 09! 9#5%,%,%23! ,##>(! 20! -#! %,! :%,#! &%2O! %2(! 2+'?#2!?'076*!8%57:2+,#07(:3P!%2(!N0,2#,2(!,##>!20!-#!%,!:%,#!&%2O!2O#!-'+,>!%5+?#!09!2O#!+>$#'2%(#'(*!B,!@"*/OP!(05#!+>$#'2%(#'(!&#'#!N0590'2+-:#!&%2O!2O#!NO+,?#>!%5+?#!&O%:#! 02O#'(!&#'#! ,02P! +,>!K07?O.l+2#(! _USSRc! ^E`! 60%,2(! 072! 2O+2! m%,>%$%>7+:!+>$#'2%(#5#,2(!N07:>P! %,>##>P!&0';!+?+%,(2! 2O#!?'+%,!09! 2O#!5+?+e%,#(f! :%9#(23:#!%5+?#*!HO#!,0,.2'+>%2%0,+:! :%9#(23:#(!6'0502#>! sxt!N07:>! +:(0!&0';!+?+%,(2! 2O#!-'+,>!%5+?#!09!2O#!+>$#'2%(#>!6'0>7N2b*!!

HO#! 9+%:7'#! 20!N0''#N2:3! %>#,2%93! 2O#! %>#0:0?3!+,>! :%9#(23:#!09!&05#,!N0,(75#'(!&%::!'#(7:2! %,! 2O#!&%2O>'+&+:!09!+>$#'2%(#'(!9'05!+!&05#,f(!5+?+e%,#*!HO%(!&+(!2O#!N+(#!09!=#V.=)1)X'*/P!+(!K:0'%+!82#%,#5!_FZZS`!O+(!(O0&,*!82#%,#5!&+(!2O#!N0.907,>#'!+,>!#>%20'!09!2O#!9#5%,%(2!=#V.=)1)X'*/P!+,>!(O#!+22#562#>!20!+22'+N2!+>$#'2%(#'(!2O+2!&07:>!,02!,0'5+::3!-#!%,2#'#(2#>!%,!&05#,f(!5+?+e%,#(!+,>!(%5.7:2+,#07(:3!>#$#:06!+>$#'2%(%,?!20!'#(6#N2!&05#,*!HO#!5+?+e%,#!>%>!,02P!+2!9%'(2P!O+$#! +,3! +>$#'2%(%,?P! -72! :+2#'! %,$%2#>! 6'0>7N#'(! 09! 5#'NO+,>%(#! 7(#>! -3! -02O!5#,!+,>!&05#,!_N+'(P! %,(7'+,N#!60:%N%#(`! 20!+>$#'2%(#!%,!=#*!D0&#$#'P! 2O#!5+.W0'%23!09!+>$#'2%(#'(!&#'#!,02!6'#6+'#>!20!+>$#'2%(#!%,!+!5+?+e%,#!2O+2!+66#+'#>!20!&0';!+?+%,(2! 2O#%'! %>#+!09! 2O#! :%9#(23:#!09! 2O#%'! 2+'?#2!?'076!+,>P! %,>##>P!+?+%,(2!2O#! N055#'N%+:! ?0+:(!&O%NO! +'#! -#O%,>! +>$#'2%(%,?! +(! (7NO*!L,#! %,(2+,N#! %::7(.2'+2#(!2O%(!%((7#c!+,!#990'2!&+(!5+>#!20!6#'(7+>#!+,!+>$#'2%(#'!09!N0(5#2%N(!20!%,.$#(2!%,!2O#!5+?+e%,#!0,!2O#!+((7562%0,!2O+2!2O#!2+'?#2!?'076!09!2O#!5+?+e%,#!=#*!N0,(2%272#>! +,! %,2#'#(2%,?! 5+';#2! 90'! 2O#%'! 6'0>7N2(*! HO#! 5+?+e%,#f(! +'?75#,2!&+(!2O+2!2O#!'#+>#'(!&#'#!+N2%$#!6'09#((%0,+:(!+,>!602#,2%+:!N0,(75#'(!09!N0(5#2.%N(!-02O!90'!:#%(7'#!+N2%$%2%#(!+,>!%,!&0';.'#:+2#>!+N2%$%2%#(*!HO#!5+:#!'#6'#(#,2+.2%$#!09! 2O#!N0(5#2%N(!+>$#'2%(#'!&+(!,02!N0,$%,N#>!-72!+'?7#>! 2O+2!m=#*! '#+>#'(!+'#! ,02!",0!&05#,*b! _82#%,#5! FZZSc! F\]`*!D#! %>#,2%9%#>! 2O#! '#+>#'(! 09!=#*! +(!(#:9.(7(2+%,%,?!6'09#((%0,+:!&05#,P!&O%:#! O%(! 2+'?#2! ?'076! 2'+>%2%0,+::3!&+(! 2O#!&05+,!09!:#%(7'#!&%2O072!50,#3!N0,N#',(*!=#N+7(#!09!2O#!6#'N#%$#>!>%99#'#,N#!%,!2O#! :%9#(23:#(!09! 2O#! 2+'?#2!?'076(P! 2O%(!+>$#'2%(#'!+,>!02O#'(!&%2O>'#&!2O#%'!(76.60'2!+,>!2O#!5+?+e%,#!&+(!>%(N0,2%,7#>*!!

=3!N0,2'+(2!!"#$"%"&'()*P!90'!%,(2+,N#P!O+(!+!(7NN#((97:!O%(20'3!09!'#>#9%,%,?!+,>!'#%,$#,2%,?! 2O#! '#+>#'P!+,>! '#90N7(%,?! %2(!N0,2#,2!&O#,!,##>#>*!/NN0'>%,?:3P! %,!2O#!FZ^S(P!p(#df!&+(!(7-(2%272#>!90'!2O#!N0,N#62!p'#:+2%0,(O%6(fP!+,>!2O#!5+?+e%,#!#56O+(%e#>!%,>%$%>7+:%23!%,!%2(!#>%20'%+:!5+2#'%+:*!/!,#&!9%#:>!09!%,2#'#(2!90'!'#+>.#'(!&+(!%>#,2%9%#>h!2O+2!09!6067:+'!6(3NO0:0?3!&O%NO!099#'#>!(7660'2!%,!+::!+'#+(!

RV!!!8L().M)#)/*#')!

!

09!:%9#!+,>P!#(6#N%+::3P!%,!N+'##'!k7#(2%0,(*!805#!+(6#N2(!09!2O#!0:>!6'09%:#!&#'#P!O0&#$#'P! (2%::! (##,!+(!$+:%>!+,>! 2O#! 90N7(!09! 2O#! '#+>#'!0,!O#'!-0>3P!O#+:2O!+,>!9%2,#((!&#'#!'#2+%,#>!+(!6+'2!09!2O#!,#&!_K07?O.l+2#(!USSRc!FFU`*!/(!+!'#(7:2!09!2O#!'#>#(%?,!09!!"#$"%"&'()*!1J!%,!2O#!:+2#!FZ^S(P!(+:#(!(2+'2#>!20!%,N'#+(#*!

/(!2O#!N+(#!09!!"#$"%"&'()*!1J!(O0&(P!20>+3f(!&05#,f(!5+?+e%,#(!+'#!5+';#2.%,?!+,>!+>$#'2%(%,?!#,2#'6'%(#(!+N2%,?!0,!2O#!,+2%0,+:!+,>!%,2#',+2%0,+:!5+';#2(*!B,!2O#!6+(2!>#N+>#(P!5#>%+!0&,#'(O%6!O+(!-##,!?:0-+:%e#>P!&O%NO!O+(!9+N%:%2+2#>!2O#!?:0-+:%e+2%0,!09!%,>%$%>7+:!2%2:#(*!L,!2O#!0,#!O+,>P!2O%(!O+(!5+>#!2O#!N056#2%2%0,!207?O#'c!2O#!5+?+e%,#(!O+$#!20!N056#2#!,02!0,:3!%,!2O#!>05#(2%N!5+';#2P!-72!0,!2O#!%,2#',+2%0,+:!5+';#2!+(!&#::*!L,#!+,>!2O#!(+5#!5+?+e%,#!O+(!20!+22'+N2!+!?#0.?'+6O%N+::3P!+,>!+:(0!N7:27'+::3P!&%>#'!'#+>#'(O%6*!

B,! 2O#!&05#,f(!50,2O:3! :%9#(23:#!5+?+e%,#!5+';#2! %,! 2O#!1J!>05#(2%N!5+';#2P!N056#2%2%0,!90'!'#+>#'(!+,>!+>$#'2%(#'(!%(!9%#'N#*!/!'+,?#!09!5+?+e%,#(!2+'?#2!>%9.9#'#,2! ?'076(!09! '#+>#'(P!&O%:#! N056#2%,?! 20! ;##6! 2O#%'! #d%(2%,?! '#+>#'(! 0'! 9%,>!,#&!'#+>#'(!&%2O%,!2O#%'!(#?5#,2!09!2O#!#d%(2%,?!5+';#2*!HO#!(7660'2!09!+>$#'2%(.#'(!>#6#,>(!,02!0,:3!0,!2O#!N%'N7:+2%0,!09!2O#!5+?+e%,#P!-72!0,!2O#!0$#'+::!,75.-#'(!09! %2(!#(2%5+2#>! '#+>#'(! %,! 2O#! 2+'?#2!?'076*!HO%(! %(!&O3!'#+>#'!(7'$#3(!+'#!N+''%#>!072! %,!0'>#'! 20!N+:N7:+2#!&O#2O#'!0,#!N063!%(!'#+>!-3!2&0P! 2O'##P!0'!907'!6#'(0,(*!C7-:%(O#'(!(2+3!+:#'2!20!+!60((%-:#!>#N:%,#!%,!(+:#(P!&O%NO!%(P!%9!%2!N0,2%,.7#(P!50,%20'#>!N+'#97::3!20!(602!+!60((%-:#!>#N:%,#!%,!2O#!,75-#'!09!'#+>#'(*!HO#!67-:%N+2%0,!09!+!5+?+e%,#!%(!(7-W#N2!20!2O#!(+5#!5#NO+,%(5(!+(!2O0(#!&O%NO!'7:#!+>$#'2%(%,?P!+(!=+'&%(#!q!K0'>0,!_FZZ^c!FZ]`!,02#>*!B,!0'>#'!90'!2O#!5+?+e%,#!20!;##6!%2(!(O+'#!09!2O#!+>$#'2%(%,?!5+';#2P!0'!#$#,!#d6+,>!%2(!(O+'#P!%2!,##>(!20!;##6!%2(!'#+>#'(!0'!%,N'#+(#!2O#%'!,75-#'(*!4056#2%2%0,!#d%(2(P!,02!0,:3!-#2&##,!#(2+-.:%(O#>!2%2:#(!(2'%$%,?!20!;##6!2O#%'!5+';#2!(O+'#!-72!+:(0!-#2&##,!,#&!2%2:#(!#,2#'.%,?!20!N:+%5!+!6:+N#!0,!2O#!5+';#2!+(!NO+,?#(!0$#'!2%5#!%,!2O#!%,2#'#(2(!09!+!2+'?#2!?'076!5+3!06#,!76!60((%-%:%2%#(!90'!,#&!2%2:#(!20!50$#!%,*!C7-:%(O#'(f!$%#&!09!+!60((%-:#! ,#&! 2+'?#2! ?'076P! 20?#2O#'! &%2O! 5+';#2! '#(#+'NOP! 5+3! %>#,2%93! +! ,#&!5+';#2!(#?5#,2!90'!2O#!:+7,NO%,?!09!+!,#&!2%2:#*!HO%(!5+3!2+'?#2!(6#N%+:%e#>!%,2#'.#(2(! (7NO!+(!N05672#'(!+,>!02O#'!#:#N2'0,%N(P!O#+:2O! %((7#(!0'!+'#+(!09! (60'2(*! B9!67-:%(O#'(!:+7,NO!+!,#&!2%2:#!%,!0'>#'!20!6'#(#'$#!2O#%'!(O+'#!09!2O#!5+?+e%,#!5+'.;#2P!0'!-#N+7(#!2O#3!O+$#!-##,!+-:#!20!%>#,2%93!+!,#&!2+'?#2!?'076!&O%NO!&%::!#d.6+,>!2O#!5+';#2*!@#&!2%2:#(!&%::!2+'?#2!+!(6#N%9%N!,#&!?'076!09!'#+>#'(!0'!N056#2#!&%2O!#d%(2%,?!2%2:#(!90'!+!2+'?#2!?'076*!Q0'!%,(2+,N#P!%,!2O#!1J!%,!USS]^P!2O#!N%'N7.:+2%0,!09!&05#,f(!50,2O:%#(!%,N'#+(#>!-3!0,#!9%92O!>7'%,?!G+,7+'3!20!G7,#P!&O%NO!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!̂!! B!NO0(#!2O#!3#+'!USS]!-#N+7(#!%2!&+(!%,!2O#!5%>>:#!09!2O#!2%5#!6#'%0>!>7'%,?!&O%NO!53!>+2+!&#'#!N0::#N2#>*!!

! 8L().M)#)/*#')!!!R\!

! !

&+(P!%,!9+N2P!>7#!20!2O#!:+7,NO!09!2&0!,#&!2%2:#(P!I)#O.F'7'*1!+,>!40)X')P!&O%NO!O+>!5+,+?#>!20!2+'?#2!,#&!?'076(!09!'#+>#'(!_M+?90'75P!<05#,f(!M0,2O:%#(!%,!2O#!1JP!4%'N7:+2%0,!USS]`*!!

HO#!NO+,?#(!%,!2O#!1J!5+';#2!%,!USS]!&#'#P!0,!2O#!0,#!O+,>P!2O#!'#(7:2!09!#d6+,.(%0,!-#N+7(#!09!50'#! :#%(7'#! 2%5#!+,>!50,#3! 20!(6#,>!+,>P!0,! 2O#!02O#'P!6+'2:3!>7#! 20! +! '#>%(2'%-72%0,! 09! 2O#!5+';#2! (O+'#(! 09! #d%(2%,?!5+?+e%,#(*! 4O+,?#(! %,!5+?+e%,#!N%'N7:+2%0,!+'#!099%N%+:! 9%?7'#(P!67-:%(O#>!+,,7+::3P!&O%NO!?%$#!+!-+(%(!90'!3#+'.20.3#+'!N056+'%(0,*!!"#$"%"&'()*P!90'!%,(2+,N#P!(+&!+!>#N:%,#!%,!N%'N7:+.2%0,! >7'%,?! 2O#! (#N0,>! O+:9! 09! USS]*! B2(! N%'N7:+2%0,! %,! G7:3! 20! )#N#5-#'! USS]!(2066#>!+2!EVFPVFS!N06%#(*!HO#!5+?+e%,#f(!+>7:2!'#+>#'(O%6!>7'%,?!2O+2!(+5#!6#.'%0>!&+(!N+:N7:+2#>!+(!FPZUFPSSS!+,>!&05#,!'#+>#'(O%6!(#6+'+2#:3!+(!FP\FZPSSS*!/!k7%N;!5+2O#5+2%N+:!N+:N7:+2%0,!(O0&(!2O+2P!0,!+$#'+?#P!907'!6#06:#!'#+>!#+NO!N063!09!2O#!!"#$"%"&'()*!1J!#>%2%0,!%,!2O#!:+22#'!O+:9!09!USS]P!+,>!,#+':3!+::!09!2O#5!&#'#!&05#,*!HO#!N0,N:7(%0,!20!-#!>'+&,!9'05!2O%(!%(!2O+2!02O#'!5+?+e%,#(!&#'#!#d6+,>%,?!+2!2O#!#d6#,(#!09!!"#$"%"&'()**!HO#!5+?+e%,#f(!+-%:%23!20!'#+NO!%2(! 2+'?#2!?'076!O+>!NO+,?#>!>7#! 20! (O%92(! %,! 2O#! %,2#'#(2(!09! %2(! 2+'?#2!?'076P!0'!-#N+7(#!02O#'! 2%2:#(!O+>!5+,+?#>!20!+22'+N2!(#?5#,2(!09! 2O#!!"#$"%"&'()*! 2+'?#2!?'076*!B,!(6%2#!09!2O%(P!2O#!5+?+e%,#!(2%::!9#+27'#>!+(!,75-#'!2O'##!0,!2O#!1J!:%(2!09! 206! 9%$#!&05#,f(!50,2O:%#(*!HO#! 9%'(2!0,! 2O#! :%(2P!4&)$",0P! (+&!+!>#N:%,#!09!]*]!v!>7'%,?!2O#!(#N0,>!O+:9!09!2O#!3#+'P!(2066%,?!+2!]^]PZ^E!N06%#(*!HO#!(#N0,>!:+'?#(2!N%'N7:+2%0,!&+(! 2O+2!09!4""B.@",#/]//%'*1P!&%2O!EV^P]\Z!N06%#(!+,>!0,!2O#! %,N'#+(#*!!"#$"%"&'()*!&+(! 90::0&#>!-3!^",0#! _EUFPER^`! +,>!=)0'/.!&)'0/!_R\FPEEE`!09!&O%NO!2O#!:+22#'!+:(0!(799#'#>!+!>#N:%,#*!HO#!NO+,?#(!5#+,2!2O+2!2O#!#d%(2%,?!5+?+e%,#(!+%5#>!+2!307,?!+>7:2!9#5+:#!2+'?#2!?'076(!(799#'#>!:0((#(!%,!'#+>#'(O%6!-#N+7(#!09! 2O#!+66#+'+,N#!09! 2O#!,#&! 2%2:#(*!/2! 2O#!(+5#! 2%5#!5+?+.e%,#(!(7NO!+(!4""B.@",#/]//%'*1P.2+'?#2%,?!2O#!+?#!?'076!09!0$#'!R]P!&#'#!50'#!(7NN#((97:! %,! 099#'%,?! N0,2#,2! 2O+2! O#:6#>! 2O#5! '#2+%,P! +,>! #$#,! %,N'#+(#P! 2O#%'!'#+>#'(O%6*!!_M+?90'75P!<05#,f(!M0,2O:%#(c!>#2+%:(!+,>!(+:#(!USSV.USFU`!

HO#! '#N#((%0,! N055#,N%,?! %,! USS^! O+(! (%,N#! %,9:7#,N#>! +:(0! 2O#! 5+';#2! 90'!&05#,f(!5+?+e%,#(*!HO#!@+2%0,+:!"#+>#'(O%6!87'$#3! 90'! G+,7+'3! 20!)#N#5-#'!USSZ! N+:N7:+2#(! FP\VZPSSS! '#+>#'(! +:20?#2O#'! 90'!!"#$"%"&'()*! 1JP! +,>! 072! 09!2O#(#!FP]\SPSSS!&#'#! 9#5+:#*!Q'05!/6'%:!USSZ! 20!M+'NO!USFS! 2O#! 9%?7'#(!&#'#!>0&,!20!FP\FVPSSS!+,>!FP]U]PSSS!'#(6#N2%$#:3*!HO#!'#N#,2!(7'$#3!90'!G7:3!USSZ!20!G7,#!USFS!?%$#(!2O#!5+?+e%,#f(!0$#'+::!'#+>#'(O%6!+(!FPV^\PSSS!+,>!9#5+:#!'#+>.#'(O%6! +(! FP]SEPSSS! _@+2%0,+:! "#+>#'(O%6! 87'$#3! USSZ`*! HO#! :+2#(2! N%'N7:+2%0,!9%?7'#(!9'05!2O#!@+2%0,+:!"#+>#'(O%6!87'$#3!(O0&!2O+2!!"#$"%"&'()*!1J!6#+;#>!+2! E\SPSSS!N06%#(! %,! G+,7+'3! 20! G7,#!USS^*!)7'%,?! 2O#! (#N0,>!O+:9! 09! 2O#! (+5#!3#+'P!G7:3!20!)#N#5-#'!USS^P!N%'N7:+2%0,!O+>!9+::#,!(O+'6:3!20!E]SP^RV!_@+2%0,+:!M+?+e%,#!4056+,3P!M0,2O:3!4%'N7:+2%0,!Q%?7'#(!USS^`*!HO#!>#N:%,#!N0,2%,7#(*!

R^!!!8L().M)#)/*#')!

!

B,! 2O#!@+2%0,+:!M+?+e%,#!4056+,3!"+2#! 4+'>! 90'! USFS! _(##!/66#,>%d! U`P! 2O#!0$#'+::!N%'N7:+2%0,!%(!?%$#,!+(!ERSPR]R!90'!G7:3!20!)#N#5-#'!USSZ!+,>!2O#!5+?+.e%,#f(! '#+>#'(O%6! +(! FP^SEPSSS*! Q#5+:#! '#+>#'(O%6! %(! N+:N7:+2#>! +2! ^^! v! 0'!FP]^\P]USP!+,>!5+:#!'#+>#'(O%6!+2!FU!v!0'!UFVPE^S!'#+>#'(*!

HO#!N056#2%2%0,!90'!'#$#,7#!%,!2O#!&05#,f(!50,2O:3!:%9#(23:#!(#N20'!%(!-#(2!%::7(.2'+2#>!-3!2O#!9%?7'#(!90'!N0,(75#'!#d6#,>%27'#!+,>!+>$#'2%(%,?!#d6#,>%27'#!%,!2O#!1J!%,!USS]*!)7'%,?!2O+2!3#+'P!N0,(75#'!#d6#,>%27'#!0,!5+?+e%,#(! %,N'#+(#>!20!6+((!w!U*F]\5!=3!N056+'%(0,P!N0,(75#'(!&#'#!#d6#N2#>!20!(6#,>!w!U*]!-%::%0,!0,!5+?+e%,#(!%,!USFS*!_CC/!M+';#2%,?!USSVZ`!

HO#!%,N'#+(#!%,!N0,(75#'!#d6#,>%27'#!%,!USS]!0NN7''#>!6+'+::#:!20!%,N'#+(#>!+>.$#'2%(%,?!#d6#,>%27'#*!/,!#d+56:#!09!2O#!+507,2!09!50,#3!9:0&%,?!2O'07?O!5+?.+e%,#! +>$#'2%(%,?! %(! 2O+2! +>$#'2%(%,?! #d6#,>%27'#! %,! N0,(75#'! 5+?+e%,#(! +(! +!?'076!%,!2O#!1J!%,!USS]!&+(!w^U\5!_yF*UU]5`P!&O%:#!+>$#'2%(%,?!#d6#,>%27'#!%,!+::!5+%,!5#>%+!20?#2O#'!'#+NO#>!wFR*EEV5!_yFZ*ZUS5`*!Q7'2O#'50'#P!2O#!$+:7#!09!>%(6:+3!+>$#'2%(%,?!%(!#(6#N%+::3!%,2#'#(2%,?!20!&05#,f(!:%9#(23:#!5+?+e%,#(!&O#'#!-'+,>! +>$#'2%(%,?! N+,! -#! N0,,#N2#>! 20! 2O#! N0,2#,2(! 099#'#>! 20! 2O#! '#+>#'.N0,(75#'*! )%(6:+3! +>$#'2%(%,?P! %,N:7>%,?! -'+,>! +>$#'2%(%,?P! 90'5#>! 2O#! :+'?#(2!6+'2! 09! 2O#! #d6#,>%27'#! %,! N0,(75#'!5+?+e%,#(! %,! USS]P! wVVF5! _(05#!yZ\Z5`P!&O%:#!wFVV5!_(05#!yUE]5`!&#'#!(6#,2!0,!N:+((%9%#>!+>$#'2%(%,?*!40,(#k7#,2:3P!%,!2O#!1J!%,!USS]P!+>$#'2%(%,?!#d6#,>%27'#!'#6'#(#,2#>!U\*\!6#'!N#,2!09!2O#!'#$#.,7#!09!N0,(75#'!5+?+e%,#(P!&O%:#!N0,(75#'!#d6#,>%27'#P!2O+2!%(!N063!(+:#(P!'#6.'#(#,2#>!W7(2!0$#'!2&0!2O%'>(*!_CC/!M+';#2%,?!USSV`!

HO%(!(7-NO+62#'!O+(!>#+:2!&%2O! 2O#!&05#,f(!5+?+e%,#!+(!+!5+';#2%,?!#,2#'6'%(#!+,>!?%$#,!-'%#9!#d+56:#(!09!2O#!N056#2%2%$#,#((!09!2O#!&05#,f(!5+?+e%,#!5+'.;#2*!B,!&O+2!90::0&(P!2O#!&+3!%,!&O%NO!!"#$"%"&'()*!5+?+e%,#!N+::(!0,!%2(!'#+>#'!20!%>#,2%93!O#'(#:9!+(!2O#!!"#$"!1'0&!09!%2(!2+'?#2!?'076!&%::!-#!>%(N7((#>*!!

HO%(!NO+62#'!O+(!>#+:2!&%2O!2O#!#5#'?#,N#!09! 2O#!!"#$".1'0&!+(!+!'#(7:2!09!!"#5$"%"&'()*N#! 2'+,(90'5+2%0,! 9'05! +! 9+5%:3!5+?+e%,#! %,20! +! &05#,f(!5+?+e%,#*!HO#!90N7(!09!2O#!5+?+e%,#f(!N0,2#,2(!(O%92#>!9'05!N0,2#560'+'3!:%2#'+27'#!%,!2O#!#+':3!3#+'(!09! %2(!#d%(2#,N#P! 90::0&#>!-3! %,$#(2%?+2%$#! W07',+:%(5P! 20! 2O#!6'050.2%0,!09!+!:%9#(23:#!-7%:2!0,!N0,(7562%0,*!HO#,!5+';#2!'#(#+'NO!+(!+!5#+,(!09!%>#,.2%93!2O#!'%?O2! 2+'?#2!?'076!&+(!>%(N7((#>*!B,!&O+2!90::0&(P!+!>%(N07'(#!+,+:32%N+:!50>#:! 90'! >#N0,(2'7N2%,?! 2O#! %5+?#! 09! 2O#! !"#$". 1'0&! &%::! -#! >%(N7((#>! +,>!6:+N#>!&%2O%,!2O#!2O#0'#2%N+:!9'+5#&0';!09!4'%2%N+:!)%(N07'(#!/,+:3(%(*!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Z!CC/!M+';#2%,?!O+(!-##,!N0,$#'2#>!%,20!M+?,#2%N!n!HO#!M+';#2%,?!/?#,N3!90'!M+?+e%,#!M#>%+!

%,!2O#!1J*!

! 8L().M)#)/*#')!!!RZ!

! !

!R! 4"BHB4/[!)B84L1"8I!/@/[l8B8c!Q"LM!HDIMI8!HL!"ICI"HLB"I8!

HO%(!2O#(%(!%(!(#2!&%2O%,!2O#!2O#0'#2%N+:!9'+5#&0';!09!4'%2%N+:!)%(N07'(#!/,+:3(%(!+,>!%2!'#?+'>(!>%(N07'(#!+(!+!N0,(2'7N2%0,!09!'#+:%23*!HO#!+66'0+NO!N05-%,#(!>%(.N07'(#! +,+:3(%(! &%2O! 5#>%+! (27>%#(! +,>! %,$#(2%?+2#(! 2O#! >%(N07'(#! 09! &05#,f(!5+?+e%,#(!+,>!2O#%'!+-%:%23!20!N0,(2'7N2!+,>!(7??#(2!9#5+:#!%>#,2%2%#(*!4)/!099#'(!0,#!&+3!09!:00;%,?!+2!2O#!7(#!09!:+,?7+?#!%,!(0N%#23!9'05!+!N'%2%N+:!6#'(6#N2%$#P!#(6#N%+::3!%,!'#:+2%0,!20!60&#'!+,>!%>#0:0?3*!B2!6'0$%>#(!2O#!(0N%+:!N0,2#d2!&O%NO!%(!,02!,#N#((+'%:3!6'#(#,2!%,P!90'!%,(2+,N#P!83(2#5%N!Q7,N2%0,+:![%,?7%(2%N(!&%2O!%2(!90N7(!0,!?'+55+2%N+:!200:(!20!%>#,2%93!5#+,%,?*!!

HO#!0'%?%,(!09!4)/!N+,!-#!2'+N#>!-+N;!20!-02O!:%,?7%(2%N(!+,>!(0N%+:!(N%#,N#(*!Q0'!#d+56:#P!4O%:20,!+,>!<0>+;! _USS]c!d%`!6:+N#! %2(!0'%?%,(!&%2O!4'%2%N+:![%,?7%(2(!(7NO!+(!Q0&:#'P!D0>?#P!+,>!J'#((!09!2O#!1,%$#'(%23!09!I+(2!/,?:%+!09!2O#!FZ\S(!&O0!%,2'0>7N#>!2O#!+,+:3(%(!09!(0N%+:!+,>!60:%2%N+:!6#'(6#N2%$#(!%,!2O#!7(#!09!:+,.?7+?#*!HO%(!O+>!%2(!907,>+2%0,!%,!2O#!83(2#5%N!Q7,N2%0,+:![%,?7%(2%N(!_O#,N#90'2O!8Q[`!+,>!80N%+:.8#5%02%N![%,?7%(2%N(P!-02O!>#$#:06#>!-3!M%NO+#:!D+::%>+3*!HO#!>#$#:065#,2! 09! 4)/! &+(! 97'2O#'! %,9:7#,N#>! 2O'07?O! ='%2%(O! 47:27'+:! 827>%#(P!6%0,##'#>!-3!827+'2!D+::! +2! 2O#!1,%$#'(%23!09!=%'5%,?O+5*!HO#! '#(#+'NO#'(!+:(0!%,N:7>#>! %,! 2O#! +,+:3(%(! Q'#,NO! 60(2.(2'7N27'+:%(2! 2O#0'3! &O%NOP! +(! =:055+#'2!_USS]c!UR`!60%,2(!072P!+>>#>!20!2O#!600:!09!2O#0'%#(!&O%NO!&+(!:+2#'!20!-#!+>062#>!-3P!+50,?!02O#'(P!@0'5+,!Q+%'N:07?O*!

/50,?!2O#!:#+>%,?!(NO0:+'(!09!4)/P!@0'5+,!Q+%'N:07?O!&+(!2O#!0,#!&O0P!%,!+!>#N%(%$#!&+3P!N0,2'%-72#>!20!2O#!>#$#:065#,2!09!2O#!6'09%:#!09!4)/!+(!&#!;,0&!%2!20>+3*!D%(!-+N;?'07,>!%(!%,!8Q[!+,>!O%(!9%#:>!09!%,k7%'3!%(!:+,?7+?#!7(#!%,!N0,.,#N2%0,!&%2O!60:%2%N+:!%>#0:0?3*!D%(!F)*1,)1/.)*B._"U/0!_FZ^ZP!'#6'%,2#>!USSF`!O+(!%2(!90N7(!0,!O0&!:+,?7+?#!76O0:>(!+,>!NO+,?#(!60&#'!'#:+2%0,(!+,>!O0&!2O#!+,+:3(%(!09! :+,?7+?#!N+,!5+;#!(7NO!6'0N#((#(!50'#! 2'+,(6+'#,2*!HO#!67'60(#!09!4)/!&+(!20!97,N2%0,!+(!+!200:!90'!_60:%2%N+:`!NO+,?#P!-3!5+;%,?!6#06:#!+&+'#!09!2O#!9+N2! 2O+2! :+,?7+?#!7(#!&+(!%>#0:0?%N+:P! 2O7(!#,+-:%,?!2O#5!20!'#(%(2!+,>!7:2%.5+2#:3!-'%,?!+-072!%>#0:0?%N+:!NO+,?#*!!

HO#! +(6#N2! 09! 60&#'! '#:+2%0,(! 0,!&O%NO!4)/! O+(! %2(! 90N7(! %(! %,#k7+:%23! %,! '#.(07'N#(!+,>!O75+,!'%?O2(*!805#!09! 2O#!-+(%N!+((7562%0,(!09!4)/!&#'#!6'#(#,2!+:'#+>3!%,!%2(!#+':3!>#$#:065#,2P!+50,?!2O#5!2O#!+((7562%0,(!2O+2!:+,?7+?#!%(!+!(0N%+:!6O#,05#,0,P!2O+2!%,(2%272%0,(!+,>!?'076(P!+(!&#::!+(!%,>%$%>7+:(P!O+$#!$+:.7#(!&O%NO! 2O#3!#d6'#((! 2O'07?O! :+,?7+?#!+,>! 2O+2! '#+>#'(g:%(2#,#'(!O+$#! 2O#!06.2%0,!20!'#(%(2!2#d2(!_<0>+;!USSF+c!]nV`*!HO#(#!$+:7#(!+'#!2#d27+:!5+,%9#(2+2%0,(!09!+,!%>#0:0?3!&O%NO!%(!-+(#>!0,P!90'!%,(2+,N#P!60:%2%N(P!N7:27'#P!+,>!#N0,05%N(*!HO#!

ES!!!8L().M)#)/*#')!

!

2#d2(!#d6'#((!+,!%>#0:0?%N+:!60%,2!09!$%#&!&O%NO!(#'$#(!2O#!%,2#'#(2!09!2O#!%,(2%27.2%0,!0'!%,>%$%>7+:!6'0>7N%,?!2O#5*!B,!N0,(#k7#,N#P!2O#!+%5!09!4)/!%(!20!%,$#(2%.?+2#!&O0(#!67'60(#!2O#!2#d2(!(#'$#!+,>!O0&!2O#3!76O0:>!2O#!60&#'!09!2O#%'!6'0.>7N#'*!HO#!5+%,! +'#+(!09! %,k7%'3! %,!4)/!+'#P! 2O#'#90'#P! 2#d2(! (#2! %,!67-:%N! +,>!%,(2%272%0,+:! N0,2#d2(P! (7NO! +(! 60:%2%N+:! +,>! %>#0:0?%N+:! N0,2#d2(! %,! 2O#!5#>%+! +(!&#::!+(!%,!+>$#'2%(#5#,2(*!!

4)/!%(!,02!+!5#2O0>0:0?3!%,!%2(#:9!-72!'+2O#'!+!N'%2%N+:!6#'(6#N2%$#!09!:00;%,?!+2!:+,?7+?#! %,! (0N%#23*! Q0'! #d+56:#P! =:055+#'2! _USS]c! UF`! 6'#9#'(! 20! N+::! %2! +!f(NO00:f!&%2O!60:%2%N+:P!5#>%+P!+>$#'2%(%,?P!'+N%(2P!+,>!%,(2%272%0,+:!>%(N07'(#!+(!%2(!5+%,!+'#+(!09!%,k7%'3*!8##,!2O%(!&+3P!2O#!>%$#'(%23!09!'#(#+'NO!9%#:>(!'#k7%'#(!%,.2#'>%(N%6:%,+'3!'#(#+'NO!5#2O0>(*!!

B,!2O#!6+(2!2&0!>#N+>#(P!2&0!5%:#(20,#(!O+$#!(#'$#>!20!>#$#:06!4)/!97'2O#'*!B,!FZZFP!+!&0';(O06!&+(!O#:>!%,!/5(2#'>+5!&O%NO!4O%:20,!+,>!<0>+;!_USS]c!d%nd%%`! >#(N'%-#! +(! 2O#! -#?%,,%,?! 09! +! m(2%57:+2%,?! +,>! '+6%>:3! #d6+,>%,?! >#-+2#b!-#2&##,!(NO0:+'(!+-072!+66'0+NO#(!+,>!5#2O0>0:0?%#(*!HO#!(#N0,>!5##2%,?!&+(!O#:>!%,!USSRP!%,!T%#,,+P!+,>!%2!+:(0!5+';#>!2O#!#,>!09!+!(%d.3#+'!'#(#+'NO!6'0W#N2!:#>!-3!"72O!<0>+;!%,20!>%(N07'(#P!60:%2%N(!+,>!%>#,2%23*!HO#!/5(2#'>+5!+,>!T%.#,,+!&0';(O06(!&#'#!5%:#(20,#(! %,! 2O#! (#,(#! 2O+2! +50,?! 2O#! 6+'2%N%6+,2(!&#'#!2O0(#!&O0!&#'#g&07:>!-#N05#!2O#!:#+>%,?!(NO0:+'(!09!4)/*!Q0'!#d+56:#P!H#7,!$+,!)%W;!O+>!+:'#+>3!%,!2O#!:+2#!FZ\S(!2+;#,!+,!%,2#'#(2!%,!2#d2(!+,>!>%(N07'(#!+(!+!(0N%+:!6'+N2%N#P!+,>!%,!2O#!FZ^S(P!90N7(#>!0,!5#>%+!>%(N07'(#!_<0>+;!USSF+c!\`*!L2O#'! 6'05%,#,2!4)/! (NO0:+'(! %,! 2O#!&0';(O06(! %,N:7>#>!@0'5+,! Q+%'N:07?OP!K7,2O#'!J'#((P!+,>!HO#0!$+,![##7&#,*!HO#3!'#6'#(#,2#>!$+'%07(!9%#:>(!09!(27>3!+,>! +:(0! 2O#%'! '#(6#N2%$#! -+N;?'07,>! &+(! >%99#'#,2*! "72O! <0>+;! O+>! +! -+N;.?'07,>!%,![%,?7%(2%N(!+,>!/66:%#>![%,?7%(2%N(!+,>!2O#!90N7(!09!O#'!'#(#+'NO!&+(!0,! 2O#!>#$#:065#,2!09! 2O#0'#2%N+:!+66'0+NO#(! 20! 2O#!(27>3!09!>%(N07'(#*!8O#!>#.$#:06#>!2O#!>%(N07'(#.O%(20'%N+:!+66'0+NO!_<0>+;!USSF-c!VE`P!&O%NO!90::0&(!2O#!(0N%0.6O%:0(06O%N+:!0'%#,2+2%0,!09!N'%2%N+:!2O#0'3*!HO%(!+66'0+NO!%(!%,9:7#,N#>!-3!='%2%(O!>%(N07'(#!+,+:3(%(!+,>!D+::%>+3f(!8Q[!+(!&#::!+(!'O#20'%N!+,>!+'?75#,2+.2%0,!2O#0'3!_<0>+;!USSF-c!ZE`*!<0>+;f(!5+%,!9%#:>!09!%,k7%'3!%,N:7>#(!>%(N07'(#!%,! 2O#! 67-:%N! +,>! 60:%2%N+:! >05+%,P! #(6#N%+::3! >%(N'%5%,+20'3! >%(N07'(#! (7NO! +(!'+N%(5!+,>!+,2%.(#5%2%(5!_%,P!90'!%,(2+,N#P!K#'5+,3!+,>!/7(2'%+`P!-72!+:(0!?#,>#'!(27>%#(!+,>!0'?+,%e+2%0,+:!>%(N07'(#*!

<O%:#!<0>+;f(!>%(N07'(#.O%(20'%N+:! +66'0+NO! %(! %,90'5#>!-3!N'%2%N+:! 2O#0'3!+,>!(6#N%9%N+::3! %2(! (0N%0.6O%:0(06O%N+:! 0'%#,2+2%0,P! K7,2O#'! J'#((! +,>! HO#0! $+,![##7&#,!>'+&!0,!N0557,%N+2%0,!2O#0'3*!HO#3!O+$#!+!(O+'#>!90N7(!0,!2O#!%,$#(.2%?+2%0,!09!57:2%50>+:%23! %,! 2O#!$%(7+:!67-:%N!(6O#'#!+,>! %,!5#>%+! 2#d2(! _90'!#d.+56:#P! J'#((! q! $+,! [##7&#,! USSF`*! HO#%'! '#(6#N2%$#! -+N;?'07,>(P! O0&#$#'P!>%99#'*!J'#((!N+5#!9'05!+66:%#>!:%,?7%(2%N(!+,>!$%(7+:!N0557,%N+2%0,!-#90'#!27',.

! 8L().M)#)/*#')!!!EF!

! !

%,?!20!(0N%+:!(#5%02%N(*!D#!5+;#(!%,k7%'%#(!%,20!2O#!7(#!09!:+,?7+?#!%,!#>7N+2%0,+:!(%27+2%0,(!+,>!%,!2O#!5#>%+*!HO#0!$+,![##7&#,!O+(!O%(!-+N;?'07,>!%,!:%,?7%(2%N(!+,>!N0557,%N+2%0,!2O#0'3P!+,>!O#!O+(!-##,!%,(2'75#,2+:!%,!>#$#:06%,?!2O#!9%#:>!09!(0N%+:!(#5%02%N(*!D%(!5+%,!+'#+!09!%,2#'#(2!%(!5#>%+!>%(N07'(#P!6+'2%N7:+':3!2O#!90'5!09!57:2%50>+:! +,>!$%(7+:! N0557,%N+2%0,P! +,>!O%(! '#N#,2!&0';!>#+:(!&%2OP!90'!#d+56:#P!50>#:(!09!%,2#'>%(N%6:%,+'%23!%,!_4`)/!_$+,![##7&#,!USS]`*!

HO#! %,2#'>%(N%6:%,+'3!,+27'#!09!4)/!%(!+:(0!6'#(#,2! %,! 2O#!&0';!09!H#7,!/*!$+,!)%W;! +,>!"0,! 8N0::0,*!<O%:#! 2O#!&0';! 09! $+,!)%W;! %(! (#2! %,! 2O#! 2O#0'3! 09! >%(.N07'(#P!8N0::0,f(!&0';!&%2O!>%(N07'(#!%(!+:(0!%,90'5#>!-3!(0N%0.N7:27'+:!6(3NO0:.0?3*!$+,!)%W;!O+(!+!-+N;?'07,>!%,!2#d2!?'+55+'(!+,>!?#,#'+2%$#!60#2%N(!+,>!O%(!&0';! %(! 90N7(#>!0,!>%(N07'(#! %,! (0N%#23*!D%(! 9%#:>(!09! %,k7%'3!+'#!N0?,%2%$#!+,>!%,N:7>#!'+N%(5P!%>#0:0?3P!;,0&:#>?#!+,>!N0,2#d2P!6+'2%N7:+':3!%,!6'%,2!,#&(*!D#'#!;,0&:#>?#!5#+,(! (O+'#>!-#:%#9(! %,!+,! #6%(2#5%N! N0557,%23! +,>!N0,2#d2!5#+,(!2O#! '#:+2%0,(O%6! -#2&##,! 2#d2! +,>! N0,2#d2! _$+,! )%W;! USS]c! \\P! \E`*! D%(! '#N#,2!&0';!%,N:7>#(!(27>%#(!09!N0,2#d27+:!;,0&:#>?#!5+,+?#5#,2!%,!>%(N07'(#!6'0>7N.2%0,P!(##,!9'05!2O#!6#'(6#N2%$#!09!4)/!_$+,!)%W;!USS]`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e#(!(O+'#>!;,0&:#>?#!+(!+!6'#'#k7%(%2#!90'!2O#!6'0>7N2%0,!+,>!N056'#O#,(%0,!09!>%(.N07'(#*!HO#!2'+,(90'5+2%0,!09!>%(N07'(#!%,20!+N2%0,!N+,!-#!%::7(2'+2#>!&%2O!+!(%5.6:#!#d+56:#!09! 2O#!:%?O2%,?!09!+!N+56%,?!(20$#!_8N0::0,!q!<0,?!8N0::0,!USS]c!FSUnFSV`*!HO#3!>#(N'%-#!O0&!2O#!%,(2'7N2%0,(!90'!:%?O2%,?!2O#!N+56%,?!(20$#!+'#!?%$#,!0,!2O#!-0d!+,>!0,!2O#!(20$#!%2(#:9c!2O#!7(#'!90::0&(!2O#5*!HO7(P!2O#!%,(2'7N.2%0,(!5#>%+2#!2O#!#,(7%,?!+N2%0,*!

HO#!N0,N#62!09!%,2#'>%(N%6:%,+'%23!%(!97'2O#'!>#$#:06#>!-3!Q+%'N:07?O!_USS]`!&O0!+>$0N+2#(!+!m2'+,(>%(N%6:%,+'3b!60%,2!09!$%#&*!B,(2#+>!09!+,!+((#5-:3!09!2O#0'%#(!+,>! 5#2O0>(! 9'05! $+'%07(! >%(N%6:%,#(P! O#! (7??#(2(! +! 2'+,(>%(N%6:%,+'3! >%+:0?7#!-#2&##,! 4)/! +,>! m2O#! ,#&! (0N%0:0?3! 09! N+6%2+:%(5b! _Q+%'N:07?O! USS]c! ]R`!&O%NO!5%?O2!#,'%NO!2O#!+,+:3(%(!%,P!90'!%,(2+,N#P!+!'#(#+'NO!6'0W#N2!0,!?0$#',+,N#*!D%(! 90N7(! %(!N0,(%(2#,2:3!0,!>%(N07'(#!+(!+!(0N%+:!6O#,05#,0,!+,>!O#!-7%:>(!0,!2O#0'%#(!09!60&#'!+,>!%>#0:0?3!>#'%$#>!9'05P!+50,?!02O#'(P!/:2O7((#'!+,>!Q07.N+7:2!_Q+%'N:07?O!USSFc!FE`*!Q+%'N:07?O!_USSFc!^En^V`!200P!%,!2O#0'%e%,?!2O#!(0N%+:!+,>!60:%2%N+:!#,[>/L(!+,>!(7-W#N2!60(%2%0,(!%,!>%(N07'(#P!-7%:>(!0,!/:2O7((#'f(!,0.2%0,(!_&O%NO!+'#!-+(#>!0,!M+'d%(5`!09!#"L')&.'B/*('(O!+,>!%,2#'6#::+2%0,P!+!6'0N#((!%,!&O%NO!(0N%#23!+>>'#((#(!+,!+-(2'+N2!%,>%$%>7+:P!2O7(!6'0>7N%,?!O#'!+(!+!(7-W#N2*!

EU!!!8L().M)#)/*#')!

!

/:2O07?O!0'%?%,+::3!7(#>! 20!>#(N'%-#!O0&! 2O#! (2+2#! +66+'+27(!60(%2%0,(! 2O#! %,>%.$%>7+:P! 2O#! N0,N#62! O+(! -##,! +>062#>! -3! (NO0:+'(! 09!4)/!+,>!47:27'+:! 827>%#(!+,>!2'+,(9#''#>!%,20!02O#'!+'#+(P!(7NO!+(!'#(#+'NO!%,20!5+';#2%,?*!B2!N+,!-#!(##,!%,!O0&P!90'!#d+56:#P!+>$#'2%(#'(!+>>'#((!6#06:#!+(!2O#%'!N7(205#'(!&%2O!2O#!O#:6!09!2O#!092#,.7(#>!(:0?+,!m90'!307b*!HO#!'#+>#'g:%(2#,#'!%(!N0,(2'7N2#>!%,!2O#!(7-W#N2!60(%2%0,!09!+!N7(205#'!+,>P!2O#'#-3P!>#,%#>!2O#!062%0,!09!,02!-#%,?!0,#*!B,!2O#0.'%e%,?! 2O#! 97,N2%0,!09!>%(N07'(#!Q+%'N:07?O! _FZZ]c!FS`! %,!O%(!!0'('L)&.W'#L",0#/.8*)&O#'#!-7%:>(!0,!Q07N+7:2f(!N0,N#62(!09!?#,'#!+,>!2O#!"0B/0."+.B'#L",0#/*!HO#!0'>#'!09!>%(N07'(#!%(!2O#!,02%0,!2O+2!0-W#N2(!+'#!?%$#,!5#+,%,?!2O'07?O!>%(N07'(#!+,>!2O+2!2O%(!0'>#'%,?!09!0-W#N2(!2+;#(!6:+N#!+NN0'>%,?!20!(3(2#5+2%N!'7:#(*!!

4)/!+(!072:%,#>!-3!Q+%'N:07?O!_FZZU`!N0,N#%$#(!>%(N07'(#!+(!+!2O'##.>%5#,(%0,+:!6O#,05#,0,*! /2! 2O#! N#,2'#P! 2O#'#! %(! B'#L",0#/5)#5(/S(P! &O%:#! B'#L",0#/5)#5B'#L,0#'7/.%0)L('L/!%(!2O#!(#N0,>!>%5#,(%0,P!+,>!B'#L",0#/5)#5#"L')&.%0)L('L/!2O#!2O%'>*!HO#!>%5#,(%0,!09!>%(N07'(#.+(.2#d2!N0,2+%,(!2O#!90'5+:!#:#5#,2(!09!2O#!2#d2P!?'+55+'! -#%,?! 0,#! 09! 2O#5*!HO#! N0,N#62! >%(N07'(#.+(.2#d2! %,>%N+2#(! 2O#! >%99#'.#,N#! -#2&##,! 2O#! 2&0! N0,N#62(! 09!B'#L",0#/! +,>! (/S(*! /NN0'>%,?! 20! Q+%'N:07?O!_USSFc!US`P!(/S(!+(!+!6'0>7N2!%(!0,:3!0,#!#:#5#,2!%,!2O#!6'0N#((!09!(0N%+:!%,2#'+N.2%0,P! B'#L",0#/*! HO#! (#N0,>! >%5#,(%0,! 2O+2! 09! >%(N07'(#.+(.>%(N7'(%$#! 6'+N2%N#P!N0,2+%,(! 6'0N#((#(! (7NO! +(! 2O#! 6'0>7N2%0,! 09! >%(N07'(#P! %2(! >%(2'%-72%0,! 2O'07?O!$+'%07(!5#+,(!_%,!(60;#,!0'!&'%22#,!90'5P!%,!$%(7+:!90'5h!>%'#N2:3!-#2&##,!%,>%.$%>7+:(!0'!-3!5#+,(!09!5+((!N0557,%N+2%0,`!+,>!%2(!N0,(7562%0,*!HO7(P!2O%(!>%.5#,(%0,!%,$0:$#(!-02O! 2O#!6'0>7N#'(!+,>!2O#!'#N#%$#'(!_:%(2#,#'(g'#+>#'(`!09!>%(.N07'(#*!HO#!>%5#,(%0,!09!>%(N07'(#.+(.(0N%+:!6'+N2%N#!6:+N#(!>%(N7'(%$#!6'+N2%N#(!%,!2O#%'!(0N%+:!N0,2#d2P!+(!0,#!90'5!09!(0N%+:!6'+N2%N#*!HO%(!>%5#,(%0,!2+;#(!%>#0:.0?3!+,>!2O#!&0';%,?(!09!60&#'!(2'7N27'#(!%,20!+NN07,2*!!

HO#! 2O'##!>%5#,(%0,+:!50>#:! (7??#(2(! 2O'##! (2+?#(! 90'!+,+:3(%,?!>%(N07'(#*!HO#!>%5#,(%0,(!N0''#(60,>!20!2O'##!(2+?#(!09!+,+:3(%(P!2O+2!%(P!B/#L0'%('"*P!'*(/0%0/()5('"*P!+,>!/S%&)*)('"*!_Q+%'N:07?O!USSFc!UFnUU`*!HO#!9%'(2!(2+?#P!2O#!+,+:3(%(P!'#.9#'(! 20! 2O#! >#(N'%62%0,! 09! 2#d2(! %,! 2#'5(! 09! ?'+55+'P! $0N+-7:+'3P! N0O#(%0,! +,>!(2'7N27'#*!HO#!(#N0,>!(2+?#P!%,2#'6'#2+2%0,P!%,N:7>#(!2O#!+,+:3(%(!09!2O#!%,2#'+N2%0,P!2O+2! %(P! 2O#! 6'0N#((#(! 09! 6'0>7N2%0,! +,>! %,2#'6'#2+2%0,FSP! &O%NO! 90'5! >%(N7'(%$#!6'+N2%N#(!+,>!%,$0:$#!-02O!6'0>7N#'(!+,>!'#N#%$#'(*!HO#!2O%'>!(2+?#P!#d6:+,+2%0,P!%(! N0,N#',#>!&%2O! N0,2#d2! +,>! 2O#! '#:+2%0,(O%6!-#2&##,!>%(N7'(%$#!6'+N2%N#(! +,>!2O#%'!(0N%+:!N0,2#d2(*!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!FS!! Q+%'N:07?O!7(#(! 2O#!N0,N#62! '*(/0%0/()('"*!-02O!90'! 2O%(!(#N0,>!(2+?#!09! 2O#!+,+:3(%(P!+,>! 20!

>#,02#!O0&!6+'2%N%6+,2(!%,!+!>%(N07'(#!7,>#'(2+,>!2O#!2#d2(!_Q+%'N:07?O!USSFc!FF\nFF^`*!

! 8L().M)#)/*#')!!!ER!

! !

B,!2O#!5+,,#'!09!+::!9'+5#&0';(P!4)/!O+(!-02O!+>$+,2+?#(!+,>!:%5%2+2%0,(*!Q0'!#d+56:#P!2O#!%,2#'>%(N%6:%,+'3!+66'0+NO!N+,!97,N2%0,!-02O!+(!+,!+((#2!+,>!+!>'+&.-+N;*!B2!099#'(!2O#!60((%-%:%23!09!N05-%,%,?!'#(#+'NO!2'+>%2%0,(!-72!N+,!+:(0!-#!6#'.N#%$#>!+(!200!7,(2+-:#*!82%::P!%2(!%,2#'>%(N%6:%,+'%23!(2#5(!9'05!2O#!9+N2!2O+2!4)/!%(!6'0-:#5!0'%#,2#>P!2O7(!5+;%,?!%2!60((%-:#!20!%,2#?'+2#!2O#0'%#(!+,>!5#2O0>(!&O%NO!O#:6!20!%,2#'6'#2!+,>!#d6:+%,!2O#!0-W#N2!%,$#(2%?+2#>!_<0>+;!USSF-c!VZ`*!K%$#,!%2(!O%(20'3! +,>! 2O#! ,#2&0';! 09! (NO0:+'(! 50(2! 09! &O05! N05#! 9'05! $#'3! >%99#'#,2!-+N;?'07,>(P!4)/! %(P! -3!>#9%,%2%0,P! %,2#'>%(N%6:%,+'3! _<0>+;!USSF+h! USS]`*! B2(!%,2#'>%(N%6:%,+'%23! +:(0! (2#5(! 9'05! 2O#! 9+N2! 2O+2! 4)/! %(! 6'0-:#5! 0'%#,2#>P! +,>!6'#6+'#>!20!%,2#?'+2#!2O#0'%#(!+,>!5#2O0>(!&O%NO!O#:6!20!%,2#'6'#2!+,>!#d6:+%,!2O#!0-W#N2!2O+2!%(!-#%,?!%,$#(2%?+2#>!_<0>+;!USSF-c!VZ`*!HO%(!?%$#(!2O#!'#(#+'NO#'!2O#!9'##>05!20!NO00(#! 2O#! 200:(!&O%NO!(O#!#(2%5+2#(!&%::!(7%2!O#'!5+2#'%+:!+,>!#+NO!6+'2%N7:+'!6'0W#N2*!HO%(!9'##>05!09!NO0%N#!N+,!+:(0!-#!7,>#'(200>!+(!6'0-:#5+2%N*!/:2O07?O!2O#!67'60(#!09!4)/!%(!N:#+'P!2O+2!%(P!20!%,$#(2%?+2#!O0&!60&#'!5+,%9#(2(!%2(#:9!2O'07?O!:+,?7+?#P!%2(!>%$#'(%23!09!5#2O0>0:0?%#(!%(!N056:%N+2#>*!!

/,02O#'!+(6#N2P! %>#0:0?3P!5+3!+:(0!-02O!>#2#'!+,>!#,N07'+?#!(NO0:+'(!20!NO00(#!4)/!+(!2O#%'!'#(#+'NO!5#2O0>0:0?3*!HO#!#56O+(%(!&%2O%,!4)/!0,!%>#0:0?3!>#.'%$#(! 9'05P! +50,?! 02O#'! 2O%,?(P! 2O#! 9+N2! 2O+2! %2! %(! N0,N#',#>!&%2O! %,$#(2%?+2%,?!60&#'!'#:+2%0,(*!)%(N07'(#(!&O%NO!N'#+2#P!76O0:>!0'!NO+::#,?#!60&#'!'#:+2%0,(!+'#!(#2!%,!%>#0:0?%N+:!+?#,>+(!+-072!O0&!O75+,!%,2#'+N2%0,!(O07:>!-#!0'?+,%e#>*!HO#!N0,N#62!09!%>#0:0?3!+(!7(#>!&%2O%,!4)/!(7??#(2#>!+!60:%2%N+:!%>#0:0?3!#$#'!(%,N#!%2(!-#?%,,%,?(!%,!2O#!FZ\S(P!+!O#'%2+?#!9'05!2O#!(0N%+:!+,>!60:%2%N+:!+&+'#,#((!09!2O+2! #'+*! H0! (05#! (NO0:+'(! 2O%(!5+3! -#! 6'0-:#5+2%NP! 20! 02O#'(P! (#:9.#$%>#,2! _>#!=#+7?'+,>#! USSVc! EUnE]`*! B>#0:0?3! N+,P! O0&#$#'P! -#! 7,>#'(200>! +(! +! N056'#.O#,(%$#!$%(%0,!09!+!>#(%'+-:#!(2+2#!09!+99+%'(!%,!+,3!9%#:>!09!O75+,!+N2%$%23*!HO7(P!%>#0:0?3!6#,#2'+2#(!07'!&+3(!09! :00;%,?!+2! %((7#(! %,!#$#'3>+3!:%9#!+,>!7,>#':%#(!2O#!+N2%0,(!&#!7,>#'2+;#!20!-'%,?!+-072!2O#!>#(%'#>!#99#N2(*!=3!2O%(!>#9%,%2%0,P!2O#!2#d2(!09!+!5+?+e%,#!(7NO!+(!!"#$"%"&'()*!N+,!-#!7,>#'(200>!+(!%>#0:0?%N+:*!!

HO#!+&+'#,#((!&%2O%,!4)/!09!%>#0:0?%N+:!%56:%N+2%0,(!>0#(!,02!0,:3!O+$#!-#+'.%,?!0,!2O#!'#(#+'NO!5+2#'%+:P!-72!%2!+:(0!N0,N#',(!2O#!'#(#+'NO#'(!_<0>+;!USSF+c!Z`*!M0'#0$#'P!2O#3!+'#!#d6#N2#>!20!>#N:+'#!2O#%'!60(%2%0,!%,!'#:+2%0,!20!2O#!>05+%,!-#%,?!%,$#(2%?+2#>*!HO#3!+'#!#d6#N2#>!20!-#!N:#+'!+-072!2O#!67'60(#!09!2O#%'!(27>3!&O#,!#d6:+%,%,?!2O#%'! '#(7:2(!+-072! 2O#!&0';%,?(!09!>%(N07'(#.+(.(0N%+:!6'+N2%N#*!HO#(#!#d6#N2+2%0,(!+'#!-+(#>!0,!2O#!7,>#'(2+,>%,?!2O+2!>%(N07'(#!%(!,#$#'!,#72'+:P!%2!+:&+3(!(#'$#(!(05#-0>3f(!67'60(#!n!+:(0!2O+2!09!2O#!'#(#+'NO#'*!

4)/! %(P! 90'! #d+56:#P! +! (7%2+-:#! 200:! 90'! 2O#! >#N0,(2'7N2%0,! 09!5#>%+! >%(N07'(#!+,>!%2(!>#(N'%62%0,(!09!9#5%,%,%2%#(*!HO%(!%(!%,!:%,#!&%2O!<0>+;!_USSF+c!FnU`P!&O0!>#(N'%-#(! 4)/! +(! +! 5#2O0>! 09! +66'0+NO%,?! %,(2%272%0,+:! >%(N07'(#! %,! N0,2#d2(!(7NO! +(! 2O#!5#>%+! &O#'#! N0,9:%N2! %(! #d6:%N%2:3! '#60'2#>! 0'! %56:%N%2:3! 6'#(#,2! %,!

EE!!!8L().M)#)/*#')!

!

N055#,2+'3*!4)/!O+(!-##,!+66:%#>!-3P!90'!%,(2+,N#P!"#%(%?:!+,>!<0>+;!_USSF`!&O0P!%,!2O#%'!'#(#+'NO!%,20!'+N%(5!+(!+!(0N%+:!6'+N2%N#!+,>!+,!%>#0:0?3P!(O0&!O0&!%2!5+,%9#(2(!%2(#:9!>%(N7'(%$#:3!%,!60:%2%N+:!>%(N07'(#!+,>!5#>%+!>%(N07'(#!%,!/7(.2'%+*!8%5%:+':3P!87,>#':+,>!_USSE`P! %,!O#'!'#(#+'NO! %,20!5+?+e%,#!+,>!,#&(6+6#'!>%(N07'(#P!(O0&(!O0&!?#,>#'#>!>%(N07'(#!%(!76O#:>!+,>!'#6'0>7N#>*!

HO%(!N7''#,2!(27>3!'#?+'>(!>%(N07'(#!%,!2O#!5#>%+P!(7NO!+(!2O+2!09!!"#$"%"&'()*P!+(!+!'#+:%e+2%0,!09!%,(2%272%0,+:%e#>!>%(N07'(#!%,!2O#!&+3!>#(N'%-#>!+-0$#!_<0>+;!USSF+`*!HO#!>%(N07'(#!09!!"#$"%"&'()*!%(!+!200:!-3!&O%NO!2O#!5+?+e%,#!76O0:>(!%2(!%>#0:0?3!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!+,>!+((#'2(!%2(!60(%2%0,!09!60&#'!%,!'#:+2%0,!20!2O#!'#+>#'gN0,(75#'!(7NO!+(!2O#!60&#'!'#:+2%0,(!>#(N'%-#>!-3P!+50,?!02O#'(P!<0>+;!+,>!Q+%'N:07?O*!HO#!'#:+2%0,(O%6!-#2&##,!#>%20'(g5+?+e%,#!+,>! '#+>#'(gN0,(75#'(! %(! +,! 7,#k7+:! 0,#! &O#'#! 2O#! 5+?+e%,#! +:0,#! O0:>(! 2O#!'%?O2!20!6'0>7N#!>%(N07'(#*!HO#!+((7562%$#!O3602O#(%(!09!2O#!N7''#,2!(27>3!%(!2O+2!!"#$"%"&'()*!7(#(!%2(!60(%2%0,!09!60&#'!20!'#>7N#!+,3!>%(N07'(#!&O%NO!N056#2#(!&%2O! %2(!0&,!>%(N07'(#!09! 2O#! %>#+:!6#'90'5+,N#!09! 2O#!!"#$".1'0&! 20! 2O#!p6'0-.:#5.(0:72%0,f!9'+5#!(%5%:+'!20!2O+2!09!+>$%N#!N0:75,(*!HO#!5+?+e%,#!>#(N'%-#(!+!6#'90'5+,N#!&O%NO! 2O#!'#+>#'! %(!#,N07'+?#>! 20!+>062h! 2O%(! %(! 2O#!>%(N07'(#.%,20.+N2%0,! >#(N'%-#>! -3! 8N0::0,! +,>!<0,?! 8N0::0,! _USS]`*! HO%(! (27>3! +:(0! 7,>#'.(2+,>(!2O#!>%(N07'(#!09!!"#$"%"&'()*!20!-#!57:2%50>+:!+(!%2!%(!'#+:%e#>!%,!&'%22#,!2#d2(P!%5+?#(!+,>!:+3072!%,!+!&+3!>#(N'%-#>!-3!J'#((!+,>!$+,![##7&#,!_USSF`*!B,!+>>%2%0,P!%2!%(!%,90'5#>!-3!2O#!N0,N#62!09!(O+'#>!;,0&:#>?#!+,>!7,>#'(2+,>%,?!09!N0,2#d2! %,! 2O#!&+3!>#(N'%-#>!-3!$+,!)%W;! _USS]`*!1,>#'(2+,>%,?! 2O#! N0,2#d2! 09!'#+>%,?!+!&05#,f(!5+?+e%,#!+,>!(O+'%,?!2O#!;,0&:#>?#!%2!099#'(!%(!+!6'#'#k7%(%2#!90'!'#+>#'(!20!5+;#!5#+,%,?!09!2O#!>%(N07'(#!09!2O#!5+?+e%,#*!

B,2#'>%(N%6:%,+'3!4)/P!2O#,P!099#'(!200:(!90'!2O#!>#N0,(2'7N2%0,!09!>%(N07'(#!&O%:#!(%57:2+,#07(:3!+::0&%,?!90'!2O#!%,2'0>7N2%0,!09!5#2O0>(!>##5#>!(7%2+-:#!90'!2O#!67'60(#! +2! O+,>*! B,! NO00(%,?!4)/P! '+2O#'! 2O+,P! 90'! #d+56:#P! ?#,>#'! (27>%#(! 0'!N7:27'+:!(27>%#(P!+(!2O#!5#2O0>0:0?3!90'!2O#!(27>3!09!2O#!>%(N07'(#!09!!"#$"%"&'5()*P!+22#,2%0,!N+,!-#!90N7(#>!0,!2O#!%>#,2%9%N+2%0,!09!2O#!#:#5#,2(!90'5%,?!%2(!>%(.N07'(#!09! %>#+:! 9#5%,%,%23c! 2O#! %,>%$%>7+:! '#6#'20%'#(!+,>! 2O#! 2O#5#(!&O%NO!?%$#!'%(#!20!2O#5!%,!2O#!2&0!?#,'#(P!#>%20'%+:(!+,>!9#+27'#!(20'%#(*!

B,!&O+2!90::0&(P!>%(N07'(#!+(!+!N0,(2'7N2%0,!09!'#+:%23!&%::!-#!>%(N7((#>!9%'(2P!+,>!2O%(!&%::!-#!90::0&#>!-3!2O#!>#(N'%62%0,!09!'#6#'20%'#(!+(!(3(2#5(!09!5#+,%,?P!+,>P!9%,+::3P!2O#!5#2O0>!09!'#6#'20%'#!+,+:3(%(P!&O%NO!%(!,##>#>!90'!2O#!>#N0,(2'7N2%0,!09!2O#!>%(N07'(#*!

! 8L().M)#)/*#')!!!E]!

! !

R*F! )%(N07'(#!+(!+!40,(2'7N2%0,!09!"#+:%23!

B,!07'!#$#'3>+3! :%9#P!&#!7(#! :+,?7+?#! 20!5+;#!5#+,%,?!09! 2O#!&0':>!+'07,>!7(!+,>!20!N0,$#3!20!02O#'(!07'!7,>#'(2+,>%,?!09!2O+2!&0':>*!<#!5+;#!5#+,%,?!09!%2!-3!>#(N'%-%,?! %2! 0'!,+5%,?! %2(! >#2+%:(! 20!6#06:#!&#!5##2P!&O#2O#'! #$#,2(! %,!07'!>+%:3! :%$#(!0'!?:0-+:!>#$#:065#,2(!+,>!>%(+(2#'(*!L7'!&0':>! %(!-02O!(%27+2#>!+,>!5#>%+2#>!20!2O#!60%,2!&O#'#!2O#!(#6+'+2%0,!09!2O#!2&0!5+3!,0!:0,?#'!-#!60((%-:#*!L7'!>#(N'%62%0,(!+'#!$#'3!6#'(0,+:!-#N+7(#!2O#3!+'#!9%'5:3!(#2!%,!07'!0&,!#d6#'%.#,N#(!+,>!9'+5#&0';(*!Q0'! %,(2+,N#P! %9!&#!>#(N'%-#!+,!#$#,2!&#!O+$#!&%2,#((#>!20?#2O#'!&%2O!+!N0::#+?7#P!07'!N0,(2'7N2%0,(!09!&O+2!O+66#,#>!+'#!:%;#:3!20!>%99#'P!+2!:#+(2!20!(05#!#d2#,2*!L,#!09!7(!5+3!%,N:7>#!>#2+%:(!&O%NO!2O#!02O#'!NO00(#(!20!05%2! +,>! 07'! %,2#'6'#2+2%0,! 09! 2O#!5#+,%,?! 09! 2O#! >#2+%:(!5+3! >%99#'*!<O#,!&#!>#(N'%-#! 2O#! &0':>! +'07,>! 7(! +,>! N0,$#3! 2O%(! 7,>#'(2+,>%,?! 20! 02O#'(! &#! +:(0!N0,(2'7N2!07'!(#:$#(*!B,!&O+2!90::0&(P!2O#!N0,N#62!09!>%(N07'(#!&%::!-#!>%(N7((#>*!

m)%(N07'(#b! %(! +,! +-(2'+N2! N0,N#62! 7(#>! 20! '#9#'! 20! 2O#! 6'0>7N2%0,! 09! 5#+,%,?!2O'07?O!:+,?7+?#*!)%(N07'(#!N0,(%(2(!09!?'076(!09!m>%(N7'(%$#!(2+2#5#,2(b!_Q07.N+7:2!FZ\U`!&O%NO!+'#!?+2O#'#>!+'07,>! (6#N%9%N! 2O#5#(*!HO%(! (27>3! '#9#'(! 20! 2O#!>%(N7'(%$#!(2+2#5#,2(!+(!'#6#'20%'#(*!HO#!&0'>!m>%(N07'(#b!%(!,02!7,6'0-:#5+2%NP!+(!Q07N+7:2!_FZ\U`!+N;,0&:#>?#(c!

[+(2:3P! %,(2#+>!09!?'+>7+::3! '#>7N%,?! 2O#!'+2O#'!9:7N27+2%,?!5#+,%,?!09! 2O#!&0'>!p>%(N07'(#fP!B!-#:%#$#!2O+2!B!O+$#!%,!9+N2!+>>#>!20!%2(!5#+,%,?c!2'#+2%,?!%2!(05#2%5#(!+(!2O#!?#,#'+:!>05+%,!09!+::!(2+2#5#,2(P!(05#2%5#(!+(!+,!%,>%.$%>7+:%e+-:#!?'076!09!(2+2#5#,2(P!+,>!(05#2%5#(!+(!+!'#?7:+2#>!6'+N2%N#!2O+2!+NN07,2(! 90'! +! N#'2+%,! ,75-#'! 09! (2+2#5#,2(h! +,>! O+$#! B! ,02! +::0&#>! 2O%(!(+5#!&0'>!p>%(N07'(#fP!&O%NO!(O07:>!O+$#!(#'$#>!+(!+!-07,>+'3!+'07,>!2O#!2#'5!f(2+2#5#,2fP!20!$+'3!+(!B!(O%92#>!53!+,+:3(%(!0'!%2(!60%,2!09!+66:%N+2%0,P!+(!2O#!(2+2#5#,2!%2(#:9!9+>#>!9'05!$%#&r!_Q07N+7:2!FZ\Uc!^S`!

Q07N+7:2!2O7(!&%>#,(!2O#!5#+,%,?!09!2O#!&0'>!p>%(N07'(#f!%,(2#+>!09!,+''0&%,?!%2!>0&,*!805#2%5#(!O#!7(#(!>%(N07'(#!20!'#9#'!20!2O#!+-(2'+N2!N0,N#62!09!>%(N07'(#P!+2!02O#'!2%5#(!20!N07,2+-:#!>%(N07'(#(P!+,>!(2%::!+2!02O#'!2%5#(!20!6'+N2%N#(!&O%NO!?%$#!'%(#!20!(2+2#5#,2(*!D#!2O7(!7(#(!>%(N07'(#!%,!2O'##!>%99#'#,2!(#,(#(P!+:2O07?O!O%(!(2+'2%,?!60%,2!%(!2O+2!p>%(N07'(#f!97,N2%0,(!+(!2O#!9'+5#!90'!?'076(!09!_'#:+2#>`!(2+2#5#,2(!+,>!(%,?:#!(2+2#5#,2(*!=3!N056+'%(0,P!Q+%'N:07?O!_USS]c!]^`!>#(N'%-#(!>%(N07'(#!50'#!(%56:3!+(!N0,(%(2%,?!09!N0,N'#2#!_N07,2+-:#`!>%(N07'(#(*!!

86#N%9%N!_0'!%,>%$%>7+:%e+-:#`!>%(N07'(#(!N'#+2#!57:2%6:#!$#'(%0,(!09!'#+:%23!_J'#((!q!$+,![##7&#,!USSFc!E`*!/,!%,>%$%>7+:!>%(N07'(#!N+,!-#!(##,!+(!0,#P!-72!,02!2O#!0,:3P!$#'(%0,!09!'#+:%23*!Q'05!2O%(!90::0&(P!2O+2!2O#'#!%(!,02!0,#!'#+:%23P!-72!(#$#'+:!60((%-:#! (7-W#N2%$#! '#+:%2%#(*! Q0'! %,(2+,N#P! %,! +,! %,>7(2'%+:%e#>! N07,2'3P! >#(N'%6.

EV!!!8L().M)#)/*#')!

!

2%0,(! 09! >%99#'#,2! 9#5%,%,%2%#(! _>%(N07'(#(! 09! O0&! 20!-#! +!&05+,`!&%::! N056#2#!&%2O!+,>!>%(672#!#+NO!02O#'*!/!&05+,!5+3!%>#,2%93!O#'(#:9!-02O!+(!+!502O#'!_2O#!>%(N07'(#!09!-#%,?!+!502O#'`!+,>!+!N+'##'!&05+,!_2O#!>%(N07'(#!09!-#%,?!+!N+'##'!&05+,`!&O#'#!2O#!6#'90'5+,N#!09!0,#!'0:#!N:+(O#(!&%2O!2O#!>#5+,>(!09!2O#!02O#'*!HO#(#!+'#!(05#!09!2O#!N056#2%,?!>%(N07'(#(!>#(N'%-%,?!$+'%07(!&+3(!09!6#'90'5.%,?!0,#f(!9#5%,%,%23!&O%NO!N0,2'%-72#!20!2O#!>%(N07'(#!09!&05+,O00>!%,!2O#!#+':3!UF(2!N#,27'3*!L2O#'!N0,2'%-72%,?!>%(N07'(#(!5+3!(7660'2!0'!(7-$#'2!2O#(#!+,>!#+NO!02O#'*!!

)%(N07'(#!N0,(2'7N2(! '#+:%23!+,>!N0557,%N+2#(!;,0&:#>?#!09! %2! %,! +! (0N%+:! N0,.2#d2*!B2!N+::(!#$#,2(!+,>!0-W#N2(!%,20!#d%(2#,N#!-3!(6#+;%,?!09!2O#5*!"#+:%23!>0#(!,02! O+$#!5#+,%,?! -#90'#! %2! %(! 0'?+,%e#>! +,>! ?%$#,!5#+,%,?! 2O'07?O! >%(N07'(#*!)%(N07'(#P!%,!27',P!N0,(%(2(!09!>%(N7'(%$#!6'+N2%N#(!&O%NO!+'#!m6'+N2%N#(!2O+2!(3(.2#5+2%N+::3! 90'5! 2O#!0-W#N2(!09!&O%NO! 2O#3! (6#+;b! _Q07N+7:2!USSEc!ZV`*!<#!7(#!2O#(#!>%(N7'(%$#!6'+N2%N#(! 20! N0,(2'7N2! 07'(#:$#(! +,>!07'! 6#'90'5+,N#(! _87,>#'.:+,>!USSEc!F\E`!+,>!20!5+;#!5#+,%,?!09!2O#!&0':>!%,!&O%NO!&#!:%$#*!Ik7+::3P!&#!N+,!7(#!>%(N7'(%$#!6'+N2%N#(!20!>#(N'%-#!>#(%'+-:#!6#'90'5+,N#(!%,!02O#'(!+,>!(7?.?#(2!2O#(#!+(!50>#:(*!B,>%$%>7+:%e+-:#!?'076(!09!(2+2#5#,2(!+'#!(60;#,!+,>!&'%2.2#,!m722#'+,N#(!+,>!(#,2#,N#(b!_M%::(!USSEc!FS`!?'076#>!+'07,>!2O#5#(!%,!+!(6#.N%9%N!(0N%+:!N0,2#d2*!L,#!(7NO!N0,2#d2!%(P!90'!%,(2+,N#P!+!&05#,f(!5+?+e%,#!(7NO!+(!!"#$"%"&'()**!HO#!6'0N#((!09!'#+>%,?!+::0&(!2O#!'#+>#'!%,!O#'!0&,!N0,2#d2!20!#,2#'!+:(0!2O#!6+'+::#:!N0,2#d2!09!2O#!N0557,%23!N'#+2#>!-3!2O#!5+?+e%,#*!!

/!>%(N07'(#!N+,!-#!7,>#'(200>!+(!+!>%(N7'(%$#!6'+N2%N#!&O%NO!%(!+:(0!+!(0N%+:!6'+N.2%N#*!)%(N07'(#(!+'#!m:%,?7%(2%N!(0N%+:!6'+N2%N#(!s&O%NOt!N+,!-#!(##,!+(!N0,(2%272%,?!,0,.>%(N7'(%$#!+,>!>%(N7'(%$#!(0N%+:!6'+N2%N#(!+,>P!+2!2O#!(+5#!2%5#P!+(!-#%,?!N0,.(2%272#>! -3! 2O#5b! _<0>+;! USSF-c! VV`*! HO7(P! +! >%(N07'(#! +,>! %2(! (0N%+:! N0,2#d2!N0,(2'7N2! #+NO! 02O#'! +,>! >#$#:06! %,! %,2#'+N2%0,*!D0&#$#'P! +! >%(N7'(%$#! 6'+N2%N#!5+3! +:(0! N0::%>#!&%2O! 02O#'! (0N%+:! 6'+N2%N#(*! 87NO! +! N0::%(%0,! -#2&##,!6'+N2%N#(!5+3!0NN7'!%,!+!&0';6:+N#!&O%NO!2+;#(!6'%>#!%,!%2(!60:%N3!09!?#,>#'!#k7+:%23!_>%(.N7'(%$#:3! N0,(2'7N2#>! +,>! (#2! %,! &'%2%,?`! -72! (2%::! 6+3! (5+::#'! &+?#(! 20! 9#5+:#!#56:03##(!_+!(0N%+:P!,0,.>%(N7'(%$#!6'+N2%N#`*!@+27'+::3P!6'+N2%N#(!&%2O%,!+!(0N%+:!N0,2#d2! +'#! +:&+3(! >%(N7'(%$#:3! N0,(2'7N2#>! +,>!5+>#! +$+%:+-:#! 20! 6+'2%#(! N0,.N#',#>!%,!&'%2%,?!0'!+(!&0'>.09.5072O!%,(2'7N2%0,(P!-72!2O#!60%,2!09!%,2#'#(2!%,!2O%(!#d+56:#!%(!2O#!>%(N'#6+,N3!-#2&##,!&O+2!%(!B"*/!_2O#!,0,.>%(N7'(%$#!(0N%+:!6'+N.2%N#`P!+(!0660(#>!20!&O+2!%(!#)'B!_2O#!>%(N7'(%$#!(0N%+:!6'+N2%N#`P!%*#*!2O#!>%99#'#,N#!-#2&##,!2O#!+N2%0,!'#+:%e#>!+NN0'>%,?!20!7,&'%22#,!6'+d%(!_:0&#'!6+3!90'!&05#,`!+(!0660(#>! 20! 2O#!>#(N'%62%0,!09!&O+2! 2O+2!+N2%0,!(O07:>!-#! _#k7+:!6+3!90'!5+:#!+,>!9#5+:#!#56:03##(`*!!

)%(N07'(#!%(!6'0>7N#>!,02!0,:3!%,!&'%22#,!0'!(60;#,!2#d2(P!-72!+:(0!2O'07?O!02O#'!(#5%02%N!6'+N2%N#(!(7NO!+(!6O020?'+6O3!+,>!02O#'!90'5(!09!$%(7+:!0'!+7>%0$%(7+:!

! 8L().M)#)/*#')!!!E\!

! !

6'+N2%N#(*!Q+%'N:07?O!_FZZ]+c!FRF`P!90'!%,(2+,N#P!%,N:7>#(!,0,.$#'-+:!N0557,%N+.2%0,!%,!O%(!>#9%,%2%0,!09!2#d2(*!B,!2O#!N+(#!09!!"#$"%"&'()*P!2O#!6O020?'+6O%N!%::7(.2'+2%0,(! +'#! %560'2+,2! 2#d2(! +,>! N0,2'%-72#! 20! 2O#! >%(N07'(#(! 09! 2O#! 5+?+e%,#*!Ik7+::3P!2O#!6+?#!:+3072P!2O#!236#!+,>!(%e#!09!2O#!90,2!7(#>!+,>!2O#!+>$#'2%(#5#,2(!+'#!7,>#'(200>! 20!-#! 2#d2(*! B,! 2O%(! 2O#(%(P! O0&#$#'P! 0,:3! 2O#!&'%22#,! 2#d2(!09! 2O#!#>%20'%+:(!+,>!2O#!9#+27'#!(20'%#(!&%::!-#!2O#!0-W#N2!09!(27>3P!&O%:#! 2O#!02O#'!#:#.5#,2(! +'#! '#?+'>#>! +(! (7660'2%,?! 2O#5*!HO#! #>%20'%+:(! +'#! 2#d2(! N0557,%N+2%,?!;,0&:#>?#!5+>#!(%?,%9%N+,2!-3!O0&!2O#!#>%20'(!O+$#!NO0(#,!20!0'?+,%e#!2O#5*!B,!2O#!(+5#!&+3! 2O#! 9#+27'#!(20'%#(!+'#! 2#d2(!N0557,%N+2%,?!;,0&:#>?#!&O%NO!O+(!-##,! (%92#>! 2O'07?O! 2O#!#>%20'%+:! (%#$#! +,>!0'?+,%e#>! 20! N056:3!&%2O! 2O#!5+?+.e%,#f(!>%(N07'(#*!!

B,!+>>%2%0,!20!(0N%+:!N0,2#d2P!2O#!>#$#:065#,2!09!+!>%(N07'(#!%(!%,9:7#,N#>!-3!2O#!6'#$%07(!>%(N7'(%$#!6'+N2%N#(*!C'0>7N#'(!09!>%(N07'(#!7(#!;,0&:#>?#!09!6'#$%07(!>%(N07'(#(!+,>!2O#%'!(0N%+:!N0,2#d2(!20!>#$#:06!,#&!>%(N07'(#(*!B,>##>P!>%(N07'(#!%,!%2(#:9!%(!;,0&:#>?#!_Q+%'N:07?O!FZZ]-c!F^`!&O%NO!6'0>7N#'(!09!+!>%(N07'(#!N+,!+66:3! 20! N0,(2'7N2! ,#&! >%(N07'(#(*! Q0'! %,(2+,N#P! 2O#! 6'0>7N#'(! 09! 2O#! >%(N07'(#!>#(N'%-%,?! 2O#! %>#+:! 6#'90'5+,N#! 09!!"#$". 1'0&! 9#5%,%,%23! +'#! +-:#! 20! >'+&! 0,!#+':%#'! >%(N07'(#(! (7NO! +(! 2O#! FZ\S(! 5+';#2%,?! W+'?0,! 09! m2O#! ,#&! p:%-#'+2#>f!&05+,b!+,>!D#:#,!K7':#3!='0&,f(!FZVS(!>#(N'%62%0,!09!2O#!307,?P!(%,?:#!&05.+,!&O0!,##>(!+>$%N#!+-072!O0&!20!%56'0$#!O#'(#:9!20!N+2NO!2O#!5+,!(O#!&+,2(*!

)%(N07'(#!%(!-02O!;,0&:#>?#!09!'#+:%23!_2O#!5#>%+2#>!+,>!(%27+2#>!&0':>(`!+,>!2O#!N0557,%N+2%0,! 09! %2! -3! 2O0(#! &O0! O+$#! +NN#((! 20! %2*! )%(N07'(#! >'+&(! 0,!;,0&:#>?#!20!N0,(2'7N2!'#+:%23!%,!>%99#'#,2!&+3(P!+,>!%2!6'0>7N#(!5#+,%,?!-3!0'.?+,%e%,?! '#+:%23! %,20! %,>%$%>7+:! '#6#'20%'#(*! HO7(P! 6'0>7N#'(! 09! >%(N07'(#! &%2O!+NN#((!20!6+'2%N7:+'!;,0&:#>?#!N+,!7(#!2O+2!;,0&:#>?#!20!N'#+2#!>%(N07'(#(!&O%NO!N0,9%'5!+,>!'#6'0>7N#!2O#%'!0&,!60(%2%0,!09!60&#'!_(##!#*?*!$+,!)%W;!USSRc!R]]`*!Q0'!%,(2+,N#P!+!2'+$#:!+?#,N3!6'0$%>#(!%2(!N:%#,2!&%2O!+!5#>%+2#>!>#(N'%62%0,!09!2O#!O0:%>+3!>#(2%,+2%0,!09!O#'!NO0%N#h!+!>%(N07'(#!09!+,!%>#+:!O0:%>+3*!HO#!67'60(#!09!2O%(! >%(N07'(#! 6'0>7N#>! -3! 2O#! 2'+$#:! +?#,N3! %(! 20! 6'0502#! 2'+$#::%,?P! +,>! 2O7(!(+:#(*!L,!+''%$+:!+2!2O#!>#(2%,+2%0,P!2O#!2'+$#::#'!&%::!'#6'0>7N#!2O#!(2+2#5#,2(!09!2O+2!>%(N07'(#!0,:3!%9!O#'!6#'(0,+:!#d6#'%#,N#!09!2O#!O0:%>+3!>#(2%,+2%0,!N0%,N%>#(!&%2O!%2*!D0&#$#'P!(O#!5+3!#d6#'%#,N#!2O#!0660(%2#h!2O#!5#>%+2#>!>%(N07'(#!>0#(!,02!>#(N'%-#!O#'!#d6#'%#,N#(! %,! 2O#!(%27+2#>!&0':>*!/(!+! '#(7:2P! (O#!&%::!6'0>7N#!k7%2#! >%99#'#,2! (2+2#5#,2(! +-072! O#'! >#(2%,+2%0,! +92#'! O#'! W07',#3h! +2! &0'(2P! (O#!&%::!7(#!2O#!(2+2#5#,2(!09!O#'!2'+$#:!+?#,N3!0,:3!20!N0,2#(2!2O#5*!

/(!;,0&:#>?#!%(!N0557,%N+2#>!2O'07?O!>%(N07'(#P!O75+,!-#%,?(!+:(0!N0557,%.N+2#!2O#%'!'#N0?,%2%0,!09!2O#!,+27'#!09!2O#!>%(N07'(#!_Q+%'N:07?O!USSFc!ES`*!HO#3!%>#,2%93!2O#!5#+,%,?!09!+!6+'2%N7:+'!>%(N07'(#!+,>!2O#!2O#5#(!-#:0,?%,?!20!%2*!Q0'!%,(2+,N#P! 2'+$#::#'(! '#+>%,?! +! -'0NO7'#! +-072! +! O0:%>+3! >#(2%,+2%0,! %>#,2%93! 2O#!

E^!!!8L().M)#)/*#')!

!

N0,2#,2(!+(!_60((%-:3`!$+:7+-:#!%,90'5+2%0,!+,>!N0''#N2:3!'#N0?,%e#!2O#!>%(N07'(#!+(!2O+2!09!+!2'+$#:!-'0NO7'#*!HO#3!#d6#N2!2O#!>%(N07'(#!09!2O#!-'0NO7'#!20!-#!-7%:2!+'07,>!N#'2+%,!2O#5#(P!+50,?!2O#5!6:+N#(!09!%,2#'#(2!20!$%(%2P!2O#!:#$#:!09!(#'$%N#!+2!2O#!O02#:!+,>!2O#!;,0&:#>?#!09!2O#!+22%27>#!09!2O#!:0N+:(!20&+'>(!$%(%20'(*!/>>%.2%0,+:!2O#5#(!5%?O2!'#9#'!20!+!'#6#'20%'#!09!2O#!(7(2+%,+-%:%23!09!207'%(5!%,!?#,#'+:!+,>!0,!2O+2!>#(2%,+2%0,!%,!6+'2%N7:+'P!+50,?!2O#5!2O#5#(!(7NO!+(!?+'-+?#!>%(60(+:!+,>!&+2#'!'#(07'N#(*!D0&#$#'P!6#06:#!&07:>!'#N0?,%e#!2O#5#(!'#9#''%,?!20!%((7#(!(7NO!+(!:0N+:!60:%2%N(!0'P!+2!2O#!02O#'!#d2'#5#P!(6+N#!2'+$#:!+(!,02!-#%,?!6+'2!09!2O#!'#6#'20%'#(!09!207'%(5*!C#06:#!+:(0!7,>#'(2+,>!&O#2O#'!>%(N07'(#(!+,>!2O#!2O#5#(!-#:0,?%,?!20!2O#5!(7660'2!0'!(7-$#'2!#+NO!02O#'*!Q0'!%,(2+,N#P!2O#5#(!N0,(2'7N2.%,?!+!>%(+(2'07(!O0:%>+3!+2!+!6+'2%N7:+'!>#(2%,+2%0,!+'#!0-$%07(:3!%,!N0,9:%N2!&%2O!2O0(#!N0,(2'7N2%,?!+!9+-7:07(!0,#!+2!2O+2!(+5#!>#(2%,+2%0,*!C#06:#!N+,P!2O7(P!%>#,.2%93!%,>%$%>7+:!>%(N07'(#(!+(!N056+2%-:#!0'!,0,.N056+2%-:#!&%2O!2O#%'!N0,(2'7N2%0,!09!2O#%'!%>#,2%23P!#$#,2(!+,>!0-W#N2(*!HO#3!+:(0!O+$#!2O#!+-%:%23!20!7(#!>%(N07'(#!20!N0,(2'7N2!2O#5(#:$#(!+(!-#:0,?%,?!20!+!(6#N%9%N!?'076!0'!-#%,?!072(%>#!%2*!

)%(N07'(#! N+,! +:(0! N0557,%N+2#! ;,0&:#>?#! 09! -#:0,?%,?! +,>! ?'076! %>#,2%23*!HO%(! %(! %::7(2'+2#>! -3P! 90'! #d+56:#P! 2O#! '#(#+'NO! 09! IN;#'2! q!MN40,,#::.K%,#2!_FZZ]c!E\SP!E\E`!0,!O0&!O%?O!(NO00:!(27>#,2(!#56:03!?'076!(6#N%9%N!>%(N07'(#(!20! >#9%,#! 2O#5(#:$#(! +(! mW0N;(b! 0'! m-7',072(b*! HO'07?O! 2O#! >%(N07'(#(! 2O#! (27.>#,2(! N0,(2'7N2! 2O#%'! +22%27>#(! 20&+'>(! (NO00:! +,>! 2O#%'! 9727'#P! 2O#%'! +N2%$%2%#(! %,!(NO00:! +,>! (0N%#23! 072(%>#! (NO00:P! +,>! 2O#%'! 6+'2%N%6+2%0,! %,! (0N%+:! 6'+N2%N#(! %,!(NO00:!+,>!072(%>#*!8%5%:+':3P!2O#!'#+>#'(!09!+!5+?+e%,#!5+3!0'!5+3!,02!%>#,2%93!2O#!>%(N07'(#!09!2O#!5+?+e%,#!+(!N056+2%-:#!&%2O!2O#!%>#,2%23!2O#3!O+$#!N0,(2'7N2.#>!90'!2O#5(#:$#(*!

HO#!N'#+2%0,!09!>%(N07'(#!6'#(7660(#(!:#?%2%5+N3!0'!2O#!'%?O2!20!(6#+;*!L,:3!&O#,!2O#! 6'0>7N#'! 09! >%(N07'(#! O+(! #(2+-:%(O#>! O#'gO%(! :#?%2%5+N3! N+,! +! >%(N07'(#! -#!+N2%$+2#>!+,>!+,!0-W#N2!N+::#>! %,20!#d%(2#,N#!_M%::(!USSEc!EV`*![#?%2%5+N3!%(!#(.2+-:%(O#>! 2O'07?O! +72O0'%23P! 2O'07?O! '#9#'#,N#! 20! 6'#$%07(:3! +NN#62#>! +72O0'%23P!-3!0,#f(!7(#!09!+!(0N%+:!0'!N0,2#d27+:!60(%2%0,!+,>P!(05#2%5#(P!-3!(%56:3!N:+%5.%,?!2O#!9:00'!%,!+!>%(6:+3!09!60&#'*!/72O0'%23!N+,!-#P!90'!%,(2+,N#P!2O+2!09!+!2#+NO.#'! %,!N:+((P!0'!+!>#(%?,+2#>!(6#+;#'P!&O0(#!2+(;!%2! %(!20!(6#+;P! 2O7(!6'0>7N%,?!0'!N%'N7:+2%,?!>%(N07'(#*!/!>%,,#'!2+-:#!(6#+;#'!?#2(!O#'gO%(!+72O0'%23!9'05!2O#!(0N%+:!(%27+2%0,P!+,>!+,!#>%20'f(!+72O0'%23!>#'%$#(!9'05!2O#!N0,2#d2!09!2O#!5+?+e%,#*!HO#!5+?+e%,#(!O+$#!2O%(!:#?%2%5+N3!9'05!2O#!'#+>#'(!+,>!+>$#'2%(#'(*!B9!2O#3!&%2O>'+&!9'05!+!5+?+e%,#P!%2!:0(#(!%2(!(7660'2!+,>!(7-(#k7#,2:3!%2(!'%?O2!20!(6#+;!+,>!6'0.>7N#!>%(N07'(#!%(!5#+,%,?:#((*!Q%,+::3P!+!6#'(0,!&O0!%(!76(#2!5+3!N:+%5!2O#!9:00'!(60,2+,#07(:3!+,>!7,6'#>%N2+-:3!20!6'02#(2!+(!%,!2O#!6'#$%07(:3!5#,2%0,#>!#d+5.6:#!09!+!>%(N0,2#,2#>!O0:%>+3.5+;#'!N0,2#(2%,?!2O#!2'+$#:!+?#,N3f(!N0,(2'7N2%0,!09!O#'!>#(2%,+2%0,*!

! 8L().M)#)/*#')!!!EZ!

! !

L,N#!2O#!'%?O2!20!(6#+;!O+(!-##,!#(2+-:%(O#>P!2O#!6'0>7N#'!09!>%(N07'(#!>#9%,#(!2O#!9%#:>!%,!&O%NO!2O#!>%(N07'(#!%(!(#2*!HO+2!9%#:>!%(!>#9%,#>!-3!2O#!6'0>7N#'f(!>#N%(%0,!+-072!&O%NO!>%(N07'(#(! 20! %,N:7>#!+,>!&O%NO! 20!#dN:7>#*!HO#!67'60(#!09!#dN:7.(%0,! %(! 20! ?+%,! N0,2'0:! 0$#'! 2O#! 6'0>7N2%0,! 09! >%(N07'(#! _Q07N+7:2! FZ^Fc! ]U`! -3!6'0N#>7'#(!2O+2!'#?7:+2#!&O+2!%(!(+%>!&O#,P!+,>!-3!&O05*!Q0'!#d+56:#P!!"#$"5%"&'()*! 6'0>7N#(! +! >%(N07'(#! 09! >%99#'#,2!&+3(! 09! -#%,?! +!&05+,P!&O%:#! +! >%(.N07'(#!09!-#%,?!+,!#:>#':3!&05+,!n!0'!+!>%(+-:#>!0,#!n!%(!'+'#:3P!%9!+2!+::P!%,N:7>.#>*!<O+2!%(!#dN:7>#>!9'05!2O#!>%(N07'(#!%(!#k7+::3!%560'2+,2!20!&O+2!%(!%,N:7>#>!n!%2!5+3!#$#,!-#!50'#!(%?,%9%N+,2*!IdN:7(%0,!%(!0,#!09!2O#!50(2!60&#'97:!5#2O0>(!09!6'0>7N%,?!>%(N07'(#P!+,>!2O%(P!+(!M%::(!_USSEc!VS`!O+(!60%,2#>!072P!%(!+!6+'+>0d*!HO#!6+'+>0d!%(!2O+2!+!>%(N07'(#!5+3!-#!(O+6#>!-3!2O+2!&O%NO!%(!,02!6'#(#,2*!8O#!N:+%5(!2O+2!#dN:7(%0,!>#9%,#(!2O#!-07,>+'%#(!09!+!9%#:>!09!>%(N07'(#P!&O%:#!%,N:7.(%0,! >#(N'%-#(! %2*!<O+2! %(! #dN:7>#>! >0#(! ,02! #d%(2!&%2O%,! 2O#! 6+'+5#2#'(! 09! 2O#!>%(N07'(#P!-72!%2(!+-(#,N#!%(!+:(0!(%?,%9%N+,2*!80P!+!>%(N07'(#!6'0502%,?!N0,(756.2%0,!5+3!#dN:7>#!+!>%(N07'(#!09!(7(2+%,+-:#!#N0,053*!B2!5+3!+:(0!#dN:7>#!2O#5#(!09!0$#'(6#,>%,?!0'!+NN757:+2%,?!>#-2(P!(%,N#!2O#(#!&07:>!'#9#'!20!2O#!#d%(2#,N#!09!+!N056#2%,?!>%(N07'(#*!

HO#!N'#+2%0,!09!+!,#&!>%(N07'(#!20!(7660'2!+,>!$#'%93!+!6'#$%07(:3!6'0>7N#>!>%(.N07'(#!'#k7%'#(!;,0&:#>?#!09!2O#!#d%(2%,?!>%(N07'(#*!HO%(!6'0N#((!%(P!+(!Q07N+7:2!_FZ^Fc!]Z`!N+::(!%2P!2O#!m6'%,N%6:#!09!N055#,2+'3b!&O0(#!97,N2%0,!%(!20!#,(7'#!2O+2!2O#! 0'%?%,+:! >%(N07'(#! %(! ,02! >%(20'2#>! %,! '#6#2%2%0,*! HO#! N055#,2+'3! '#6#+2(! +!>%(N07'(#! +,>! 6'#(#'$#(! %2*! HO7(P! +! ,#&!>%(N07'(#! N%'N7:+2#(! +,! #d%(2%,?! 0,#! -3!N055#,2%,?!0,!%2!_M%::(!USSEc!VS`*!Q0'!#d+56:#P!20!6'0>7N#!_+,>!'#.6'0>7N#`!2O#!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$"!1'0&P!2O#!#>%20'!,##>(!;,0&:#>?#!09!O0&!2O+2!6#'90'5+,N#!O+(!-##,!>#(N'%-#>!6'#$%07(:3*!HO#!6'0>7N2%0,!6'0N#((!+:(0!'#k7%'#(!;,0&:#>?#!09!2O#!>%(N7'(%$#!9%#:>!&O%NO!%(!5+>#!76!09!>#(N'%62%0,(!09!O0&!20!-#!+!&05+,!20>+3P!+,>!%2(!,0,.>%(N7'(%$#!(0N%+:!N0,2#d2P!2O#!6'0>7N2%0,!6'0N#((!09!2O#!5+?+e%,#*!

HO#!N'#+2%0,!09!+!,#&!>%(N07'(#!6'#(7660(#(!2O+2!2O#!-07,>+'%#(!09!+!9%#:>!09!>%(.N07'(#!-#!>#9%,#>*!L,:3!2O#,!&%::!2O#!6'0>7N2%0,!09!+!,#&!>%(N07'(#!-#!60((%-:#*!)#9%,%,?!2O#!-07,>+'%#(!09!+!9%#:>!09!>%(N07'(#!%,!+!6'0N#((!09!Q07N+7:2%+,!>#:%5%.2+2%0,!%(P!+NN0'>%,?!20!M%::(!_USSEc!EV`P!2O#!9%'(2!(2#6!20&+'>(!#(2+-:%(O%,?!+!,#&!>%(N07'(#*!)#:%5%2+2%0,!%(P!%,!9+N2P!2O#!>#N%(%0,!+-072!&O+2!-#:0,?(!%,!+!6+'2%N7:+'!9%#:>!09!>%(N07'(#*!HO%(!6'0N#((!%(!2O#!(2+'2%,?!60%,2!09!(7-(#k7#,2!>#N%(%0,(!+-072!&O%NO!%,>%$%>7+:%e+-:#!?'076(!09!(2+2#5#,2(!20!%,N:7>#!%,!+!>%(N07'(#!-#:0,?%,?!20!2O+2! 9%#:>!+,>!+:(0!&O%NO!0,#(! 20!#dN:7>#*!HO#!>#:%5%2+2%0,!09!+!>%(N7'(%$#! 9%#:>!+:(0! 06#,(! 76! 2O#! 60((%-%:%23! 90'! N056#2%,?! >%(N07'(#(! 20! #,2#'! 2O+2! 9%#:>! +,>!(2'7??:#!90'!>05%,+,N#!2O#'#*!!

]S!!!8L().M)#)/*#')!

!

/!,#&!>%(N07'(#!5+3!(7660'2P!$#'%93!0'!N0,2#(2!#d%(2%,?!>%(N7'(%$#!6'+N2%N#(*!)%(.N07'(#(!2O+2!(7660'2!+,>!$#'%93!#+NO!02O#'!-#:0,?!20!2O#!(+5#!9%#:>!09!>%(N07'(#*!Q0'! #d+56:#P!!"#$"%"&'()*f(! >%(N07'(#! 09! 2O#! %>#+:! 6#'90'5+,N#! 09! 2O#!!"#$"!1'0&!9#5%,%,%23!N0,(2%272#(!0,#!(7NO!9%#:>*!B,!%2P!2O#!>%(N07'(#!09!2O#!!"#$"!1'0&!+(!+!6'09#((%0,+:!N+'##'!&05+,!(7660'2(! 2O#!>%(N07'(#!09!O#'!+(!+!N0,(75#'*!D0&.#$#'P! %9! +!>%(N07'(#! 9'05!+,02O#'! 9%#:>! %(! %,2'0>7N#>P! +,! %>#0:0?%N+:! (2'7??:#! 90'!>05%,+,N#!&%::!-#?%,!_Q+%'N:07?O!USSFc!E]`*!HO%(!&07:>!O+66#,P!90'!%,(2+,N#P!%9!+!>%(N07'(#! 09! (7(2+%,+-:#! >#$#:065#,2!&#'#! 20! -#! %,2'0>7N#>! %,20! 2O#! >%(N7'(%$#!9%#:>!09!2O#!!"#$"!1'0&*!87NO!+!>%(N07'(#P!9#+27'%,?!2O#5#(!(7NO!+(!'#N3N:%,?!+,>!67-:%N!2'+,(60'2!0$#'!6'%$+2#!N+'(P!N0,2#(2(!2O#!>#(N'%62%0,(!09!2O#!N0,(75#'%(5!09!2O#!!"#$".1'0&!&O%NO!%(!6+'2!09!O#'!:%9#(23:#*!

HO#!+-%:%23!09!+!>%(N07'(#!20!,+5#!+,>!0'?+,%e#!N0,(2'7N2(!'#+:%23!%,!+!&+3!&O%NO!5+;#(!(#,(#!20!2O0(#!7(%,?!2O#!>%(N07'(#*!L-W#N2(!#d%(2!%/0.#/!-72!N+,,02!-#!7,.>#'(200>! 7,2%:! 2O#3! +'#! ,+5#>P! +,>! 2O7(! N+::#>! %,20! #d%(2#,N#! 2O'07?O!>%(N07'(#!_Q07N+7:2!USSEc!ZV`*!8%5%:+':3P!#$#,2(!+,>!(#k7#,N#(!2+;#!6:+N#P!-72!2O#3!N+,,02!-#!7,>#'(200>!7,2%:!2O#3!+'#!0'?+,%e#>!%,!+!>%(N07'(#*!<O#2O#'!+!>%(N07'(#!&%::!-#!'#N0?,%e#>!+(!m2'72O97:b!>#6#,>(!0,!%2(!N7:27'+:!N0,2#d2*!/!6+'2%N7:+'!N7:27'#!&%::P!+NN0'>%,?!20!M%::(!_USSEc!E^`P!'#N0?,%e#!N#'2+%,!(#2(!09!>%(N07'(#(!+(!'#+:!+,>!(%?.,%9%N+,2*!Q0'!%,(2+,N#P!+!>%(N07'(#!6'0>7N#>!-3!+!5+?+e%,#!(7NO!+(!!"#$"%"&'()*!%(!N0,(2'7N2#>!+(!m2'7#b!%,!%2(!N0,2#d2!09!5+?+e%,#!'#+>%,?!+(!6+'2!09!6067:+'!N7:.27'#!+N2%$%2%#(*!HO%(!%(!-#N+7(#!2O#!>%(N07'(#!O+(!+!N:#+':3!>#9%,#>!%,(2%272%0,+:%e#>!),(K"0!_Q07N+7:2!FZ^Fc!]^`P!2O+2!%(P!2O#!5+?+e%,#*!HO%(!%(!2O#!N+(#!+:(0!&O#,!2O#!5+?+e%,#! '#9#'(! 20! %,90'5+2%0,! ?+%,#>! 9'05! 072(%>#! (07'N#(! 0'! 6#'(0,(! %,2#'.$%#&#>! +,>! 9#+27'#>! %,! 2O#! 5+?+e%,#*! HO#(#! (07'N#(! +,>! 6#'(0,(! '#N#%$#! 2O#%'!:#?%2%5+N3!2O'07?O!2O#!5+?+e%,#*!

)%(N07'(#!N0,(2'7N2(!,02!0,:3!'#+:%23P!-72!+:(0!%>#,2%2%#(!&O%NO!9:7N27+2#!+NN0'>%,?!20!2O+2!6+'2%N7:+'!'#+:%23*!)%(N07'(#!>#(N'%-#(!2O#!-#O+$%07'!+,>!NO+'+N2#'%(2%N(!09!+! 6#'(0,P! 2O7(! #,>0&%,?! O#'! &%2O! +! 6+'2%N7:+'! %>#,2%23*! /! 6#'(0,! N+,! N0,(2'7N2!O#'(#:9! -02O! >%(N7'(%$#:3! +,>! 2O'07?O! 2O#! &+3! %,! &O%NO! (O#! 6#'90'5(! O#'! 6#'.N#%$#>!%>#,2%23!_87,>#':+,>!USSEc!F\E`*!D0&#$#'P!%>#,2%2%#(!+'#!,02!(2+-:#!-72!N+,!9:7N27+2#!>#6#,>%,?!0,!2O#!NO0%N#(!6#06:#!5+;#!+-072!+!2#560'+'3!(7-W#N2!60(%.2%0,*!B,!9+N2P!+!6#'(0,!5+3!O+$#!(#$#'+:!(#2(!09!6#'90'5+,N#(!20!(7%2!>%99#'#,2!(0.N%+:!N0,2#d2(*!C#'90'5+,N#(!N+,!$+'3!>#6#,>%,?!0,! 2O#!+7>%#,N#!+,>!N0,2#d2P!+(!60%,2#>!072!-3!40+2#(!_FZZVc!U^ZP!UZF`*!HO%(!%(!&O3!0,#!5+3!6#'90'5!+!'#:+d#>!m(#:9b!%,!2O#!N056+,3!09!9'%#,>(P!-72!+!50'#!90'5+:!+,>!(2'%N2!m(#:9b!&O#,!5+;%,?!+!67-:%N!(6##NO*!=02O!%>#,2%2%#(!5+3!-#!W7(2!+(!2'7#!20!2O+2!0,#!6#'(0,*!!

HO#!%>#,2%2%#(!N'#+2#>!2O'07?O!>%(N07'(#!(#'$#!+(!6'060(+:(!09!(7-W#N2!60(%2%0,(!%,!2O#%'! (6#N%9%N! N0,2#d2*! HO#! >%(N07'(#! 09! +! 5+?+e%,#! %(! 0,#! (7NO! N0,2#d2! &O#'#!?#,>#'#>! %>#,2%2%#(!+'#!N'#+2#>!+,>!(7??#(2#>! 20! 2O#! '#+>#'(!+(! (7-W#N2!60(%2%0,(!

! 8L().M)#)/*#')!!!]F!

! !

2O#3!N+,!0NN763*!/!5+?+e%,#!O+(!2O#!60&#'!20!60(%2%0,!%2(!'#+>#'(!%,!N#'2+%,!(7-.W#N2!60(%2%0,(P!2O7(!N0,(2'7N2%,?!(7-W#N2%$%23!_MN"0--%#!FZZEc!F^S`*!HO#!'#+>#'!%(!%,2#'6#::+2#>!+(!+!6+'2%N7:+'!(7-W#N2P!+,>!O#'!%>#,2%23!+(!+!(7-W#N2!%(!N+::#>!%,20!#d.%(2#,N#! 2O'07?O! %,2#'6#::+2%0,*! Q0'! %,(2+,N#P! 2O#! '#+>#'! 09! +! 5+?+e%,#! %(! N+::#>!760,! 20! '#N0?,%e#! O#'(#:9! +(! 2O#! N+'##'! &05+,! +,>! N0,(75#'! >#(N'%-#>! %,! 2O#!5+?+e%,#*!

/:2#',+2%$#:3P!O0&#$#'P!2O#!'#+>#'!5+3!NO00(#!20!'#(%(2!2O#!>%(N07'(#(!N0,(2'7N2#>!+,>!099#'#>!-3! 2O#!5+?+e%,#! +,>!NO00(#P! %,(2#+>P! 20! +N2%$#:3! N0,(2'7N2!O#'!0&,!5#+,%,?!2O'07?O!%,>%$%>7+:%e+-:#!?'076(!09!(2+2#5#,2(*!HO#(#!'#(%(2+,2!+,>!,#?0.2%+2#>!'#+>%,?(!+'#!,02!20!-#!N0,97(#>!&%2O!N056#2%,?!>%(N07'(#(!+::0&#>!-3!2O#!5+?+e%,#h! 2O#3!5+3!#d%(2!&%2O%,! 2O#! '#+>#'(O%6!09! +!5+?+e%,#*!HO#! '#+>#'!5+3!,02!-#!6'#6+'#>!20!+NN#62!2O#!#>%20'f(!6'060(%2%0,(!09!+!(%(2#'O00>!0'!2O#!6'060(#>!(7-W#N2!60(%2%0,!09!+!N0,(75#'!09!N#'2+%,!6'0>7N2(P!+(!8+,2O+;75+'+,!_USSEc!F]`!O+(!(O0&,!%,!O#'!'#(#+'NO*!I$#,!%9!2O#!'#+>#'!5+3!-#!6'#6+'#>!20!(O+'#!2O#!5#5.-#'(O%6!%,!+!(0N%+:!?'076!6'060(#>!-3!2O#!#>%20'P!(O#!&%::!,02!7,k7#(2%0,%,?:3!+N.N#62! 2O#!5#>%+2#>!&0':>! %,!+::! %2(!>#2+%:P!,0'! 2O#! %>#,2%23!N0,(2'7N2#>!90'!O#'*! B,.(2#+>P!(O#!&%::!+N2%$#:3!5+;#!O#'!0&,!%,2#'6'#2+2%0,(!-3!N0,(2'7N2%,?!+!>%(N07'(#!09!O#'!0&,P!&%2O!'#6#'20%'#(!&O%NO!+'#!'#:#$+,2!20!O#'*!!

R*U! "#6#'20%'#(!+(!83(2#5(!09!M#+,%,?!

)%(N07'(#!N0,(%(2(!09!'#6#'20%'#(!&O%NOP! %,!27',P!+'#!90'5#>!-3!'#N7''%,?!2O#5#(!_Q07N+7:2!FZ\UP!USSEh!<#2O#'#::!q!C022#'!FZ^^h!D#'5#(!FZZ]h!M%::(!USSE`*!"#6.#'20%'#(! +'#! _Q07N+7:2f(`! >%(N7'(%$#! (2+2#5#,2(! ?'076#>! +'07,>! '#N7''%,?! 2O#5#(!+,>!?0$#',#>!-3!%,2#',+:!'7:#(*!"#6#'20%'#(!>#(N'%-#!2O#!!"#$".1'0&!%,!2O#!#>%20'%.+:(!09!!"#$"%"&'()*!1J!+,>! 2O#!'#6#'20%'#(!+:(0!N05-%,#! 20! 90'5! 2O#!>%(N07'(#!N0,(2'7N2%,?!2O#!50>#',!_!"#$"`!&05+,*!/:(0P!%,!2O#!9#+27'#!(20'%#(!09!!"#$"5%"&'()*!1JP! 2O#!&05#,!%,2#'$%#&#>!N+,!NO00(#! 20!>'+&!0,!'#6#'20%'#(!6'0$%>#>!%,!2O#!#>%20'%+:(!n!+,>!2O#!5+?+e%,#!%,!?#,#'+:!n!20!N0,2'%-72#!20!2O#!5+?+e%,#f(!>%(N07'(#! 09! +! >#(%'+-:#! 9#5%,%,%23*! Ik7+::3P! 2O#3! N+,! NO00(#! 20! '#(%(2! 2O+2! >%(.N07'(#! +,>! %,2'0>7N#! +! N056#2%,?!>%(N07'(#*!HO%(! (7-NO+62#'!&%::! >#+:!&%2O! 2O#!'#6#'20%'#(!+(!(3(2#5(!09!5#+,%,?*!

HO#!0'?+,%e+2%0,!09!;,0&:#>?#!09! #$#,2(! +,>! (#k7#,N#(!+,>! 2O#%'!5#+,%,?! %,20!(#2(!09!>%(N7'(%$#!(2'7N27'#(!%(!?0$#',#>!-3!90'5+2%$#!'7:#(*!B2!%(!0,:3!2O'07?O!2O#!'#?7:+'%23!09!2O#!90'5+2%$#!'7:#(!2O+2!0-W#N2(!N+,!-#!0'>#'#>!+,>!N+::#>!%,20!#d%(2.#,N#!%,!+!>%(N07'(#!_Q07N+7:2!USSEc!ZE`*!HO#(#!'7:#(!09!90'5+2%0,!+'#!N0,>%2%0,(!7,>#'!&O%NO!2O#!(#2(!09!>%(N7'(%$#!(2'7N27'#(!#d%(2!+,>!N0#d%(2P!6'#$+%:P!NO+,?#!+,>!>%(+66#+'*! HO#! >%(N7'(%$#! (2'7N27'#(! -#N05#! >%(N7'(%$#! 6'+N2%N#(P! 0'! +! m&#-! 09!

]U!!!8L().M)#)/*#')!

!

6'+N2%N#(b! _M%::(!USSEc!EE`P!&O%NO!+'#!&+3(!09! 2+:;%,?!+-072! +,!#$#,2h! 2O#3!+'#!#(2+-:%(O#>!%,!+!(6#N%9%N!N0,2#d2!%,!(7NO!+!&+3!2O+2!2O#!#$#,2!%(!?%$#,!5#+,%,?!+,>!(#,(#!%,!%2(!N0,2#d2*!Q0'!#d+56:#P!2O#!6'+N2%N#!09!(6#+;%,?!+-072!>#+2O!%,!N0,,#N.2%0,!&%2O! 6#'(0,+:! -#'#+$#5#,2! >%99#'(! 9'05! 2O+2! 09! N0,(2'7N2%,?! >#+2O! %,P! (+3P!+-(7'>!>'+5+*!H0!#:+-0'+2#c!%9!+-(7'>%23!%(!(##,!+(!2O#!'#?7:+'!90'5+2%$#!'7:#!&%2O.%,!+!6+'2%N7:+'!;%,>!09!>'+5+P!&O%:#!-#'#+$#5#,2!%(!2O#!90'5+2%$#!'7:#!%,!+!97,#'+:!N0,2#d2P!2O#,!N0,(#k7#,2:3!>#+2O!N+,,02!-#!N+::#>!%,20!#d%(2#,N#!+(!+,!+-(7'>%23!%,!+!>%(N07'(#!09!-#'#+$#5#,2P!-72!0,:3!0,!(2+?#*!

HO#!N0,>%2%0,(!?0$#',%,?!2O#!90'5+2%0,!09!>%(N07'(#(!%,!+!>%(N7'(%$#!9%#:>!NO+,?#!&%2O!+:2#'+2%0,(! %,! 2O+2! 9%#:>! _%,! (0N%#23`! +,>P! +(! +! '#(7:2!09! 2O#! %,2#'+N2%0,P!&%2O!02O#'!>%(N07'(#(*!4O+,?#(!%,!2O#!(0N%+:!0'!N7:27'+:!N0,2#d2!+99#N2!>%(N7'(%$#!(2'7N.27'#(P!+(!>0#(!2O#!N056#2%2%0,!-#2&##,!>%(N07'(#(*!Q0'!#d+56:#P!2O#!>%(N07'(#!09!+!&0';%,?!&05+,!O+(!NO+,?#>!0$#'!2%5#!9'05!+!>%(N07'(#!09!N0220,!5%::!&0';#'(!>7'%,?! 2O#! %,>7(2'%+:! '#$0:72%0,! 20! &05#,! 50$%,?! %,20! (#N'#2+'%+:! W0-(! %,! 2O#!FZUS(!+,>!20!+!N0,2#560'+'3!>%(N07'(#!09!&05#,!%,!206!W0-(*!M0'#0$#'P!2O#!>%(.N7'(%$#!'7:#(!+'#!N0,(2+,2:3!-#%,?!,#?02%+2#>!+,>!'#,#?02%+2#>!_M%::(!USSEc!^^`!-3!2O#!6'0>7N#'(! 09! +! 6+'2%N7:+'! >%(N07'(#*!HO#!>%(N07'(#!09! 2O#!50>#',! (7NN#((97:!&05+,!,0!:0,?#'!+NN0550>+2#(!2O#!%>#+!09!9+N20'3!&0';*!/(!2O#!>%(N7'(%$#!'7:#(!+'#! '#,#?02%+2#>P! 2O#! '#+:%23! +,>! 2O#! %>#,2%2%#(! N0,(2'7N2#>! -3! 2O#! >%(N07'(#(! +'#!(7-W#N2!20!NO+,?#*!!

L,#!(7NO!>%(N7'(%$#! 9%#:>! %(P! 90'! %,(2+,N#P!+!&05#,f(!5+?+e%,#!(7NO!+(!!"#$"5%"&'()*-!&O#'#!%2(!#>%20'(!O+$#!2O#!60&#'!20!6'0>7N#!>%(N07'(#*!HO#!5+?+e%,#!7(#(!2O+2!60&#'!20!6'0>7N#P!9%'(2!+,>!90'#50(2P!2O#!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$"!1'0&!9#5%,%,%23*!HO%(!>%(N07'(#!5+3!N0,(%(2!09!'#6#'20%'#(!>#(N'%-%,?!O#'! +66#+'+,N#! +,>! -#O+$%07'*!L,#! '#6#'20%'#!5+3! %,! 27',! -#! N0,(2'7N2#>! 9'05!'#N7''%,?!2O#5#(!(7NO!+(!2'7(2P!>#$02%0,P!+,>!(7660'2!-#2&##,!9'%#,>(*!HO#!%,2#'.,+:!'7:#(!09!(7NO!+!'#6#'20%'#!&07:>!#dN:7>#!2O#5#(!&O%NO!&07:>!-#!N0,(2'7#>!+(!7,>#'5%,%,?! 2'7(2! +,>! (7660'2P! (7NO! +(! -#2'+3+:! -#2&##,! 9'%#,>(*! HO#(#! 2O#5#(!5%?O2!-#:0,?!20!+!'#6#'20%'#!9'05!+,02O#'P!N056#2%,?!>%(N07'(#*!!

"#6#'20%'#(!(#'$#!2O#!97,N2%0,!09!6'0>7N%,?!5#+,%,?(!20!N0,(2'7N2!+!'#+:%23!+,>g0'!N0,9%'5! +! $#'(%0,! 09! '#+:%23*! HO#3! O+$#! 2O#! 60&#'! 20! 0'?+,%e#! #d6#'%#,N#! +,>!5#50'3!+,>!20!(2'7N27'#!:%9#!#$#,2(!%,20!5#+,%,?97:!(#k7#,N#(P!&O%NO!N+,!+:(0!-#!N+::#>!m,+''+2%$#(b!_='7,#'!FZ^\c!F]`*!@+''+2%$#(!>'+&!0,!6+'2%N7:+'!>%(N07'(#(!20!N0,(2'7N2!+!5#+,%,?97:!(#k7#,N#!09!#$#,2(!(7NO!+(!+!6#'(0,f(!:%9#!(20'3*!HO#3!2#::!+! (20'3!&O#'#! #$#,2(! N+7(#! 2O#!0NN7''#,N#!09!02O#'! #$#,2(P! +,>! 2O#! (#k7#,N#!09!#$#,2(!O+(!+!-#?%,,%,?P!+!5%>>:#!&O#'#!#$#,2(!7,90:>P!+,>!+,!#,>*!B,!,+''+2%$#(P!O75+,! -#%,?(! %,2#'6'#2! +,>! '#%,2#'6'#2! 2O#%'! #d6#'%#,N#(! +,>! (##! 2O#%'! %>#,2%2%#(!N0,9%'5#>*!@+''+2%$#(!+'#!'#N0?,%e#>!+(!'#:#$+,2!+,>!(%?,%9%N+,2!_M%::(!USSEc!E^`!&O#,!2O#3!N0,9%'5!#d%(2%,?!;,0&:#>?#!&O%NO!O+(!6'#$%07(:3!-##,!'#N0?,%e#>!+(!

! 8L().M)#)/*#')!!!]R!

! !

m'#+:b!0'!'#:#$+,2*!Q0'!%,(2+,N#P!+,!%,2#'$%#&##!9#+27'#>!%,!+!5+?+e%,#!(20'3!&%::!>'+&! 0,! ;,0&:#>?#! (O#! 9%,>(! '#:#$+,2! 20! (2'7N27'#! O#'! #d6#'%#,N#(P! &O%NO! (O#!2O#,!'#N07,2(! %,!2O#!90'5!09!+!(#:9.,+''+2%$#*!L,#!(7NO!(#:9.,+''+2%$#!%(! 2O+2!09!+!&05+,!&O0!:0N+2#>!O#'!:0,?.:0(2!9+2O#'P!&O0!:+2#'!&+,2#>!20!5+''3!O#'!O+:9.(%(2#'!_mM3! (%(2#'! -#N+5#! 53! (2#6502O#'bP! !"#$"%"&'()*! Q#+27'#! 820'3P! G7:3! USSVc!FSZ`*! @+''+2%$#(! >0! ,02! 0,:3! '#N07,2! :%$#(! :%$#>h! 2O#3! +:(0! N0,(2'7N2! m60((%-:#!:%$#(b! _='7,#'!FZ^\c!F]`*!L,#!09! 2O#!60((%-:#! :%$#(! %(! 2O+2!09! 2O#!!"#$"!1'0&! +(!,+''+2#>!2O'07?O!2O#!5+?+e%,#f(!>%(N07'(#!09!+,!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23*!

)%(N07'(#P!2O#,P!N0,(%(2!09!?'076(!09!%,2#''#:+2#>!'#6#'20%'#(!90'5#>!-3!'#N7''%,?!2O#5#(*! L,! 2O#! :%,?7%(2%N! :#$#:P! '#N7''%,?! (2+2#5#,2(! ?'076#>! +'07,>! +! 2O#5#!90'5! m&#-(! 09! 6'+N2%N#(b! &O%NO!M%::(! _USSEc! EE`! N+::(! 2O#! N0,(2%27#,2(! 09! >%(.N07'(#*!L,!2O#!N0?,%2%$#!:#$#:P! 2O#(#!(2'7N27'#(!+'#!7,>#':3%,?!(3(2#5(!09!5#+,.%,?P!&O%NO!+:(0!2O#!M#>%+!(NO0:+'!D#'5#(!_FZZ]c!RF`!N+::(!'#6#'20%'#(P! 20!&O%NO!2O#!2O#5#(!'#9#'*!B,!O#'!(27>3!09!2O#!'#N#62%0,!09!&05#,f(!5+?+e%,#(P!(O#!907,>!2O+2!'#+>#'(!N'#+2#>!+!'#6#'20%'#!09!N0,,#N2#>!;,0&%,?!9'05!2O#5#(!09!6'0-:#5(!+,>!2O#%'!(0:72%0,(!20!#d6:+%,!&O3!2O#3!'#+>!&05#,f(!5+?+e%,#(!_D#'5#(!FZZ]c!V\`*!HO%(!'#6#'20%'#P!2O7(P!N0,(%(2#>!09!(7??#(2%0,(!09!O0&!2O#!'#+>#'(!N07:>!O+,.>:#!60((%-:#!9727'#!>%99%N7:2%#(!%,!2O#%'!0&,!:%$#(*!!

"#6#'20%'#(!+'#!6'+N2%N#(!&O%NO!N+,!-#!>'+&,!0,!+,>!'#9#''#>!20!%,!2O#!6'0>7N2%0,!09!>%(N07'(#!+,>!'#N0?,%e#>!-3!02O#'!6+'2%N%6+,2(! %,! 2O#!>%(N07'(#*!Q0'! %,(2+,N#P!D#'5#(! _FZZ]c! USR`! 907,>! 2O+2! O#'! '#+>#'(! 09! &05#,f(! 5+?+e%,#(! '#9#''#>! 20!mN0550,!0'!(O+'#>!;,0&:#>?#bP!+,>!(O#!2O#'#90'#!+((75#(!2O+2!2O#'#!+'#!(O+'#>!(07'N#(!09!N7:27'+:!;,0&:#>?#P!&O%NO!2O#!6+'2%N%6+,2(!%,!+!>%(N07'(#!N+,!>'+&!0,!&%2O%,!+!N7:27'#*!HO#!,75-#'!09! 2O#(#! (07'N#(! %(P!O0&#$#'P! :%5%2#>*!HO#! '#+>#'(!%>#,2%9%#>! 2O#!&+3! %,!&O%NO! N#'2+%,! 206%N(!&#'#! (60;#,! 09! %,! #$#'3>+3! :%9#! +,>!'#N0?,%e#>! 2O#(#! +(! >%(N7'(%$#! 6'+N2%N#(! N0,,#N2#>! 20! +! 6+'2%N7:+'! 9%#:>*! HO#3!N07:>!:0N+2#!2O#(#!6'+N2%N#(!%,!2O#%'!'#(6#N2%$#!>05+%,(!+,>!'#9#'!20!2O#5*!@#$#'.2O#:#((P! 2O#! '#6#'20%'#(!6#06:#!7(#!&07:>!-#N05#!7,%>#,2%9%+-:#! 20!02O#'!6+'2%N%.6+,2(! %,! 2O#! >%(N07'(#! %9! 2O#! ,75-#'! 09! (O+'#>! (07'N#(!&#'#! 7,:%5%2#>*! Q0'! %,.(2+,N#P!2O#!'#+>#'!09!+!&05#,f(!5+?+e%,#!%(!#d6#N2#>!20!-#!9+5%:%+'!&%2O!2O#!>%(.N07'(#!09! 2O+2!5+?+e%,#P!+,>P!-+(#>!0,!2O+2!9+5%:%+'%23P!(O#!%(!#d6#N2#>!20!5+;#!5#+,%,?!09!%2*!

"#6#'20%'#(!O#:6!'#+>#'(!5+;#!5#+,%,?!09!;,0&:#>?#!099#'#>!%,!2#d2(*!HO#!&05.#,!%,2#'$%#&#>!%,!2O#!9#+27'#!(20'%#(!09!!"#$"%"&'()*!1J!+'#!#d6#N2#>!20!NO00(#!20!>'+&!0,!2O#!'#6#'20%'#(!+:'#+>3!#d%(2%,?!%,!2O#!N0,2#,2!09!2O#!5+?+e%,#!20!>#.(N'%-#! 2O#%'! 0&,! :%9#! #d6#'%#,N#(*! L,! 2O#! -+(%(! 09! 2O#(#P! 2O#3! 5+3! n!_7,`N0,(N%07(:3! n! N0,(2'7N2! 2O#5(#:$#(! +(! 2O#!50>#',!&05+,! 09! 2O#! >05%,+,2!>%(N07'(#!09!2O#!5+?+e%,#*!HO#3!5+3!+:(0!N0,(2'7N2!2O#5(#:$#(!+(!:+N;%,?!(05#!

]E!!!8L().M)#)/*#')!

!

09!O#'!k7+:%2%#(! %,!&O%NO!N+(#! 2O#3!5+3!'#:+2#! 20! 2O+2!>%(N07'(#! %,!(#$#'+:!&+3(*!82%::P! 2O#3!&%::!'#?+'>!2O#!NO+'+N2#'%(2%N(!09!2O#!!"#$".1'0&!_+(P!90'!%,(2+,N#P!%,!+!'#6#'20%'#! 09! (7NN#((`! +(! >#(%'+-:#P! +,>! 2O7(! +! ?0+:! 20! -#! +22+%,#>*!L,! 2O#! 02O#'!O+,>P!2O#3!5+3!+:(0!9%,>!2O+2!2O#3!+'#!:+N;%,?!%,!(05#!09!2O#!6'#(N'%-#>!k7+:%2%#(P!+,>! '#W#N2! 2O#! '#6#'20%'#(! >#(N'%-%,?! 2O#!!"#$". 1'0&! +(! %''#:#$+,2! %,! '#:+2%0,! 20!2O#%'!0&,!:%9#!(%27+2%0,!+,>!#d6#'%#,N#(*!!

"#6#'20%'#(P!+(!&#::!+(!>%(N07'(#P!5+3!'#9#'!20!02O#'!'#6#'20%'#(!+,>!2O7(!6'0$%>#!#d+56:#(!09!%,2#'2#d27+:%23!+2!&0';*!HO#!2#'5!%,2#'2#d27+:%23P!0'%?%,+::3!N0%,#>!-3!G7:%+!J'%(2#$+!_M0%!FZ^]c!F]Vh!M%::(!USSEc!FR\`P!O+(!N05#!20!>#,02#!2O#!5+,,#'!%,!&O%NO! 2#d2(! '#:+2#! 20!02O#'! #d%(2%,?! 2#d2(*!/(! '#6#'20%'#(!N0,(2%272#! 2#d2(P! 2O#3!'#:+2#!20!#+NO!02O#'!%,!2O#!(+5#!&+3!+(!2#d2(!'#:+2#!20!#+NO!02O#'*!L,#!'#6#'20%'#!N+,!'#9#'!>%'#N2:3!20!+,02O#'!#d%(2%,?!'#6#'20%'#!+,>!2O#!>%(N07'(#!20!&O%NO!%2!-#.:0,?(P!+,>!#$#,!5#,2%0,!%2!#d6:%N%2:3*!80!+!'#6#'20%'#!09!N+'##'!NO0%N#(!5+3!'#9#'!20!+!'#6#'20%'#!09!-#%,?!+!(27>#,2!_!"#$"%"&'()*!1JP!I>%20'%+:P!LN2*!USSE`*!"#9#'.#,N#!N+,!+:(0!-#!%56:%N%2!0'!%,>%'#N2!+,>!97,N2%0,!-3!+((0N%+2%0,*!L,#!&+3!09!'#.9#''%,?! 20!+,02O#'! '#6#'20%'#!-3!+((0N%+2%0,! %(! 2O'07?O! 2O#!7(#!09!5#2+6O0'(!+,>!(%5%:#(P!&O%NO! %560'2!5#+,%,?! 9'05!0,#!>%(N07'(#! 20!+,02O#'*!Q0'! %,(2+,N#P! 2O#!(%5%:#! m:%;#!50>#',! >+3!!K)0&'/N#. 8*1/&#b! _!"#$"%"&'()*! 1JP! I>%20'%+:P! /6'%:!USSE`! %(! %560'2#>! 9'05! +! '#6#'20%'#! 09! +?#,2%$#! 6#'90'5+,N#! 0,! 2#:#$%(%0,! +,>!9%:5! %,20! +! '#6#'20%'#! 09! 6'09#((%0,+:! 6#'90'5+,N#! %,! 2O#!!"#$"%"&'()*! #>%20'(*!HO#!5#2+6O0'! 97,N2%0,(! +(! +! 2O#5#!&O%NO! '#9#'(! 20! +,! #(2+-:%(O#>! '#6#'20%'#! 09!6'09#((%0,+:%(5!+,>!-#+723!+,>P!%,!>0%,?!(0P!$+:%>+2#(!2O#!'#6#'20%'#!%,20!&O%NO!%2!%(!%560'2#>*!!

"#6#'20%'#(P! &O%NO! +'#! -7%:2! +'07,>! '#N7''%,?! m2O#5#(bP! +NN757:+2#! ;,0&:#>?#!+,>!-7%:>!0,!%2!+(!2O#3!+'#!'#6#+2#>*!B,!+!(27>3!09P!(+3P!>%(N07'(#!%,!+!&'%22#,!2#d2P!2O#!'#6#'20%'#(!+,>!2O#%'!7,>#':3%,?!2O#5#(!+'%(#!072!09!2O#!5+2#'%+:!+(!'#?7:+'%2%#(!0'!6+22#',(!+92#'!'#6#+2#>!'#+>%,?(!_D#'5#(!FZZ]c!EV`*!M%::(!_USSEc!FS`!(7660'2(!2O#!,02%0,!09!2O#5#(!90'5%,?!6+22#',(!+,>!>#(N'%-#(!>%(N07'(#(!+(!(60;#,!0'!&'%2.2#,!(2+2#5#,2(!?'076#>!+'07,>!2O#5#(!%,!+!(6#N%9%N!(0N%+:!N0,2#d2*!/!2O#5#!N+,!-#!%>#,2%9%#>!+(P!90'!%,(2+,N#P!+!(%,?:#!&0'>P!+,!#d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`P! O#'! 6'09#((%0,! +,>! #+',%,?(P! O#'! +22%27>#(P! +,>! O#'! -#O+$%07'! %,! 2O#! (0N%+:!?'076!20!&O%NO!(O#!-#:0,?(*!HO#5#(!?%$#!'%(#! 20! 2O#!'#6#'20%'#(!&O%NO!90'5!2O#!>%(N07'(#!N0,(2'7N2%,?!2O#!50>#',!!"#$".1'0&*!!

! 8L().M)#)/*#')!!!]]!

! !

)%(N07'(#(P! 9%,+::3P! N+,!-#!B/#L0'%('7/! 0'! '*(/0%0/('7/! _87,>#':+,>! USSEc! EV.E\`!+,>!,+5#>!+NN0'>%,?:3*!/!>#(N'%62%$#!>%(N07'(#!%(!?%$#,!+!>#(N'%62%$#!,+5#!(7NO!+(!).L&)##0""$.B'#L",0#/*!/,!%,2#'6'#2%$#!>%(N07'(#!%(!,+5#>!+NN0'>%,?!20!m&O+2!%2! s2O#!>%(N07'(#t! %(! (##,! 20!B"b! _%2+:%N(! %,!0'%?%,+:h! %-%>*`*!HO7(P! 2O#! +,*L('"*! 09!%,2#'6'#2+2%$#! '#6#'20%'#(! _+,>! >%(N07'(#(`! %(! ,02! 0,:3! 20! >#(N'%-#! -72! 20! #d6:+%,!+,>!%,2#'6'#2! 2O#!6O#,05#,0,!2O#3!+'#!>#+:%,?!&%2O*!HO#%'!,+5#(!+'#!+:(0!%,2#'.6'#2%$#!(7NO!+(!+!m>05%,+,2b!>%(N07'(#!0'!m+!:%-#'+2%,?!>%(N07'(#b!_%-%>*`*!B,!2O#!N+(#! 09! 2O#! >%(N07'(#! 09!!"#$"%"&'()*-. 2O#! ,+5%,?! ?0#(! -#30,>! >#(N'%-%,?! 2O#!!"#$".1'0&! n! %2! %(P! %,! 9+N2P! N0,(2'7N2%,?! O#'*!40,(#k7#,2:3P! +,! +66'06'%+2#! :+-#:!N07:>! -#! m2O#! >%(N07'(#! L"*#(0,L('*1! 2O#! %>#+:! 6#'90'5+,N#! 09! 2O#!!"#$"! 1'0&!9#5%,%,%23b!%,(2#+>!09! 2O#!(O0'2!90'5!m>%(N07'(#!09! 2O#!!"#$"!1'0&bP!&O%NO!&%::P!O0&#$#'P!-#!7(#>!90'!N0,$#,%#,N#!%,!'#60'2%,?!2O#!9%,>%,?(!09!2O#!N7''#,2!(27>3*!!

!R*R! )#N0,(2'7N2%,?!)%(N07'(#!

)%(N07'(#P!2O#,P!%(!'#+:%e#>!2O'07?O!'#6#'20%'#(!&O%NO!+'#!0'?+,%e#>!'07,>!(6#N%9.%N!2O#5#(!_K%:-#'2!q!M7:;+3!FZ^E`*!L,#!(7NO!>%(N07'(#!N%'N7:+2%,?!%,!(0N%#23!%(!2O+2!09!-#%,?!+!50>#',!&05+,!&O%NO!%,!!"#$"%"&'()*!%(!'#+:%e#>!+(!2O#!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23*!HO+2!>%(N07'(#!N0,(%(2(!09!'#6#'20%'#(!N0,N#',%,?!$+'%07(!+(6#N2(!09!2O+2!9#5%,%,%23P!(7NO!+(!O#'!6#'(0,+:!+,>!6'09#((%0,+:!:%9#P!O#'!6:#+(7'#(!+,>!O#'!9'%#,>(O%6(*!80!2O#!!"#$".1'0&!>0#(!-#+723!&0';!+,>!-0>3!&0';!_2O#5#`! %,!0'>#'! 20!6'#(#,2!O#'(#:9!+(!+,!+22'+N2%$#!&05+,!_60((%-:3!+!'#6#'20%'#!09!O#'!6:#+(7'#(`!&O%NO!%(!+::!6+'2!09!2O#!!"#$"%"&'()*!>%(.N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!O#'!9#5%,%,%23*!

B,!>%(N07'(#!+,+:3(%(P!2O#!'#6#'20%'#(!+(!2O#3!'%(#!072!09!2O#!'#(#+'NO!5+2#'%+:!7(#>!90'!k7+:%2+2%$#!'#(#+'NO!+'#!,02!(#:9.#$%>#,2*!HO#3!N+,!-#!N0,(2'7N2#>!2O'07?OP!90'!%,(2+,N#P!2O#!:%,?7%(2%N!2O#5#(!&O%NO!'#N7'!20!90'5!2O#5*!87NO!2O#5#(!5+3!-#!2O#!!"#$".1'0&!>0%,?!-#+723!&0';!+,>!-0>3!&0';P!+,>!6'#(#,2%,?!O#'(#:9!+(!+,!+22'+N.2%$#!&05+,h!2O#!2O#5#(!+'#!'#:+2#>!+,>!20?#2O#'!(7??#(2!2O#!#d%(2#,N#!09!+!'#6#'.20%'#*!HO#!,+27'#!09! 2O+2! '#6#'20%'#!&%::!-#N05#!#$%>#,2!0,:3!&O#,!50'#! 2O#5#(!+'#! +$+%:+-:#! +,>! 2O#3! 90'5!+,! %>#,2%9%+-:#! ?'076*! B2!5+3!-#! +! '#6#'20%'#! 09! 2O#!67-:%N!6#'90'5+,N#!09!0,#f(!%>#,2%23P!09!N0,2#,25#,2!&%2O!0,#f(!-0>3!n!0'!0,#!09!(#d7+:!6:#+(7'#(*!"#6#'20%'#(!+'#!&+3(!09!"01)*'X'*1!(0N%+::3!?#,#'+2#>!+NN07,2(!%,!0'>#'!20!60'2'+3!+N2%0,(!+,>!-#:%#9(!_K%:-#'2!q!M7:;+3!FZ^Ec!FE`*!K%:-#'2!+,>!M7:;+3!_FZ^Ec!ES`!907,>P!90'!%,(2+,N#P!2O+2!(N%#,2%(2(!7(#>!+,!/$%'0'L'#(!'#6#'20%'#!_'#9#''%,?!20!>+2+!+,>!;,0&:#>?#`!%,!90'5+:!+NN07,2(!+,>!+!L"*('*1/*(!0,#!_+::0&.%,?!90'!7,N#'2+%,2%#(`!%,!%,90'5+:!%,2#'$%#&(*!=02O!'#6#'20%'#(!&#'#!'*(/0%0/()('7/!%,!2O#!(#,(#!2O+2!(N%#,2%(2(!7(#>!2O#5!20!N0,$#3!2O#%'!7,>#'(2+,>%,?!09!O0&!20!'#.6#+2!N#'2+%,!+N2%0,(!0'!-#:%#9(!+66'06'%+2#!20!+!(6#N%9%N!N0,2#d2*!K%:-#'2!+,>!M7:.

]V!!!8L().M)#)/*#')!

!

;+3!_FZ^Ec!RZ`!'#?+'>#>!'#6#'20%'#(!+(!0-(#'$+-:#!6+22#',(!&O%NO!90'5!:%,?7%(2%N!'#?%(2#'(!&O%NO!N+,!-#!+22'%-72#>!20!+!N0,2#d2!+,>!>'+&,!760,!&O#,!'#6'0>7N%,?!0,#f(!7,>#'(2+,>%,?!09!2O+2!N0,2#d2*!!

H0!(05#!'#(#+'NO#'(P!90'!%,(2+,N#!<#2O#'#::!+,>!C022#'P!2O#!(5+::#(2!O%#'+'NO%N+:!7,%2!09!>%(N07'(#!%(!2O#!'#6#'20%'#*!HO#3!+'#!m2O#!-7%:>%,?!-:0N;(!(6#+;#'(!7(#!90'!N0,(2'7N2%,?! $#'(%0,(! 09! +N2%0,(P! N0?,%2%$#! 6'0N#((#(! +,>! 02O#'! 6O#,05#,+b!_<#2O#'#::!q!C022#'!FZ^^c!FVZP!F\U`!+,>!2O#'#90'#!(7%2+-:#!-+(%N!+,+:32%N+:!7,%2(*!<#2O#'#::!+,>!C022#'!_FZ^^c!F\U`!+'?7#!2O+2!N#'2+%,!9%?7'#(!09!(6##NO!7(7+::3!(%?.,+:!2O#!#d%(2#,N#!09!+!'#6#'20%'#P!+,>!+,3!'#6#'20%'#!%(!N0,(2'7N2#>!9'05!m+!'#(2'%N2.#>!'+,?#!09!2#'5(b!&O%NO!O+$#!+!(6#N%9%N!(23:%(2%N!+,>!?'+55+2%N+:!7(#P!#,+-:%,?!'#(#+'NO#'(!20!2'+N#!2O#!2#'5(!20!N#'2+%,!;#3!5#2+6O0'(*!HO#!N7''#,2!(27>3P!O0&#$.#'P!7,>#'(2+,>(!2O#!2O#5#(!20!6'0$%>#!N:7#(!90'!2O#!%>#,2%9%N+2%0,!09!'#6#'20%'#(*!/!2O#5#!5+3!-#!+! (%,?:#!&0'>!0'! +,!#d6'#((%0,!&O%NO! %,>%N+2#! 2O#!#d%(2#,N#!09! +!'#6#'20%'#*!Q0'!%,(2+,N#P!2O#!#d6'#((%0,!m2O#!W03!09!502O#'O00>b!%(!+!2O#5#!&%2O!2O#!602#,2%+:!20!#$0;#!(#$#'+:!(3(2#5(!09!5#+,%,?*!B2!5%?O2!'#9#'!20!+!'#6#'20%'#!09!%,2#'+N2%0,!-#2&##,!502O#'!+,>!NO%:>P!0'!2O#!6O3(%N+:!6:#+(7'#!09!O0:>%,?!+,>!N+'.%,?!90'!2O#!-+-3*!Ik7+::3P!+!>%(N07'(#!09!502O#'O00>!5+3!N0,(%(2!09!'#6#'20%'#(!09!N+'%,?!+,>!'#(60,(%-%:%23P!90'5#>!-3!2O#5#(!(7NO!+(!2O0(#!09!6'+N2%N+:!NO0'#(P!0'!6'02#N2%,?!2O#!NO%:>!9'05!>+,?#'(!'#(6#N2%$#:3*!/:-#%2!2O+2!2O#!90N7(!09!+!'#(#+'NO.#'!%(!0,!2O#!:#$#:!09!2O#!'#6#'20%'#(P!2O#!'#6#'20%'#(!+'#!,02!+!?%$#,!#:#5#,2!%,!2O#!>+2+!09!+!(27>3!-72!9%,>%,?(!09!+!>%(N07'(#!+,+:3(%(!_G0;%,#,P!G7O%:+!q!870,%,#,!FZZRc!U^`*!HO#3!+'#!+,+:32%N+:!N0,(2'7N2%0,(!+,>!+!&+3!90'! 2O#!'#(#+'NO#'! 20!0'.?+,%e#! O#'! 9%,>%,?(*! HO#3! '#6'#(#,2! 2O#! '#(#+'NO#'f(! '#+>%,?! 09! 2O#! '#N7''%,?!2O#5#(!%,!2O#!>+2+!+,>!2O#!(3(2#5(!09!5#+,%,?!20!&O%NO!2O#3!'#9#'!_D#'5#(!FZZ]c!EV`*!!

40,N:7(%0,(!+'#!,02!>'+&,!9'05!%,>%$%>7+:!%,(2+,N#(!09!&0'>(!0'!#d6'#((%0,(*!B2!%(!0,:3!&O#,! %,>%$%>7+:! #d+56:#(!N+,!-#! :%,;#>! 20?#2O#'! +(! '#N7''%,?! 2O#5#(P! 2O+2!2O#(#!N+,!-#!%,2#'6'#2#>!+(!-7%:>%,?!-:0N;(!09!'#6#'20%'#(P!+(!#d6:+%,#>!-3!D#'5#(!_FZZ]c!FEZ`*!Q0'!%,(2+,N#P!%,!0,#!09!2O#!#>%20'%+:(!09!!"#$"%"&'()*P!2O#!5#2+6O0'!K/)0(50/*B'*1!_2O#5#`!%,!m2O#!O#+'2.'#,>%,?!(20'3!09!4O+,2+:!MN40';:#P!%,N+'N#'.+2#>! %,! +!18! W+%:! 90'! UE! 3#+'(P! 90'! +! N'%5#! 2O+2! %(,f2! #$#,! +! N'%5#! %,! 2O#!1Jb!_!"#$"%"&'()*!1JP!I>%20'%+:P!@0$*!USSEh!/66#,>%d!E`!N:#+':3!(O0&(!2O#!#>%20'f(!(2+,N#!+,>!97,N2%0,(!20!#$0;#!(356+2O3!%,!2O#!'#+>#'P!N0,(2'7N2%,?!M(!MN40';:#!+(!%,,0N#,2!_2O#5#`!&%2O%,!2O#!='%2%(O!:#?+:!(3(2#5*!/:(0!%,!+,02O#'!#>%20'%+:!2O#'#!%(!+!50>#!09!#d6'#((%0,!(7NO!+(!m+!5+((%$#!1'0&(f!,%?O2!072b!_2O#5#`!_!"#$"%"&'5()*!1JP!I>%20'%+:P!/7?*!USSEh!/66#,>%d!]`! '#9#''%,?! 20!+! '#6#'20%'#!09!O050(0.N%+:%23*!

/!2O#5#!5+3!'#9#'!20!50'#!2O+,!0,#!'#6#'20%'#*!/!'#9#'#,N#!5+3!-#!907,>!%,!2O#!90'5!09!+,!#d6'#((%0,!0'!+!N0,N#62!&O%NOP!-3!+((0N%+2%0,P!(%57:2+,#07(:3!'#9#'(!20!

! 8L().M)#)/*#')!!!]\!

! !

2O#!60((%-:#!#d%(2#,N#!09!+,02O#'!'#6#'20%'#*!Q0'!%,(2+,N#P!%,!0,#!#>%20'%+:!2O#!#d.6'#((%0,!m+!9:%6.9:06.%,>7N#>!0,#.50,2O!(2+,>b!_2O#5#`!_!"#$"%"&'()*!1JP!I>%.20'%+:P!LN2*!USSEh!/66#,>%d!V`!'#9#'(! 20!2&0!02O#'!60((%-:#!'#6#'20%'#(*!Q%'(2P! 2O#!5#,2%0,! 09! 2O#! (755#'! 9002&#+'! (#'$#(! 20! '#9#'! 20! +! '#6#'20%'#! 09! 6:#+(7'#c! 2O#!!"#$"! 1'0&! #,W03%,?! O#'! O0:%>+3*! 8#N0,>:3P! 2O#! #>%20'! '#9#'(! 20! +! '#6#'20%'#! 09!'#:+2%0,(O%6(! %,! 0'>#'! 20! >#(N'%-#! 2O#! ;%,>! 09! :0,?.:+(2%,?! 9'%#,>(O%6! (O#!&07:>!:%;#!20!O+$#!&%2O!O#'!'#+>#'h!m+!5#+,%,?97:!'#:+2%0,(O%6b!_2O#5#`!%,!N0,2'+(2!20!m+!9:%6.9:06.%,>7N#>!0,#.50,2O!(2+,>b!_2O#5#`*!HO#5#(!2O'07?O!&O%NO!2O#!,+27'#!09!2O#!'#:+2%0,(O%6!%(!>#(N'%-#>!5+3!'#9#'P!2O7(P!20!N0,9:%N2%,?!'#6#'20%'#(c!0,#!5#+,.%,?97:!_60((%-:#!:0,?.2#'5r`P!0,#!'+,>05*!!

B,!2O#!%>#,2%9%N+2%0,!09!'#6#'20%'#(P!2O#!-07,>+'%#(!-#2&##,!%,>%$%>7+:!'#6#'20%'#(!%,!2O#!'#(#+'NO!5+2#'%+:!+'#!,02!(#:9.#$%>#,2P!#(6#N%+::3!&O#,!2O#3!%,2#'5%,?:#!20!(7660'2!#+NO!02O#'*!HO#3!5+3!-#!%,2#'2&%,#>!+,>!%,2#'+N2%,?!%,!2O#!N07'(#!09!0,#!2#d2*!/!5+?+e%,#!#>%20'%+:!%(!&'%22#,!+(!+!N055#,2+'3!0,!2O#!%((7#!0'!206%N(!%2!%(!+22+NO#>!20!+,>P!+2!2O#!(+5#!2%5#P!%2!6'0502#(!2O#!$+:7#(!09!2O#!5+?+e%,#*!"#6#'.20%'#(!%,!+,!#>%20'%+:!5+3!%::7(2'+2#!2O#!5+?+e%,#f(!(2+,N#!0,!2O#!%((7#(!%,!%2(!9#+.27'#!(20'%#(!+,>!2O#3!N+,!0,:3!-#!%>#,2%9%#>!+(!2O#5+2%N!'#9#'#,N#(!20!>%(N07'(#(!%,!O%,>(%?O2*!B,!2O#!N+(#!09!2O#!#>%20'%+:(!09!!"#$"%"&'()*!1J!USSEP!2O#!#>%20'(!5+3!-#!907,>!20!50$#!-#2&##,!(#$#'+:!'#6#'20%'#(!%,!2O#!(6+N#!09!0,#!(O0'2!2#d2*!HO#!>%(N07'(#!09!0,#!#>%20'%+:!>#(N'%-%,?!2O#!!"#$"!1'0&N#!6#'90'5+,N#!5+3!(2+'2!&%2O!2O#5#(! '#9#''%,?! 20! 2O#! 6:#+(7'#! 09! (O066%,?! _'#6#'20%'#`*! B2!5+3! N0,2%,7#!&%2O!2O#5#(! '#9#''%,?! 20! 2O#! %560'2+,N#! 09! 9'%#,>(! _'#6#'20%'#`P! -#90'#! #,>%,?! &%2O!2O#5#(!'#9#''%,?!20!2O#!6:#+(7'#!09!(7NN#((!_'#6#'20%'#`!_!"#$"%"&'()*!1JP!I>%20.'%+:P!M+'NO!USSEh!/66#,>%d!^`*!!

HO#!%>#,2%9%N+2%0,!09!2O#!-07,>+'%#(!-#2&##,!N0,9:%N2%,?!'#6#'20%'#(!%(!,02!+:&+3(!N:#+'.N72*!HO#!'#6#'20%'#(!5+3!N056#2#!0'!#$#,!N0,2#(2!#+NO!02O#'!%,!(6%2#!09!2O#!9+N2! 2O+2! 2O#3!+'#!2%?O2:3! %,2#'2&%,#>*!Q0'! %,(2+,N#P! %,!0,#!09! 2O#!#>%20'%+:(!_!"#5$"%"&'()*! 1JP! I>%20'%+:P! @0$*! USSEh! /66#,>%d! E`P! 2O#5#(! '#9#''%,?! 20! +2! :#+(2!2O'##!60((%-:#!'#6#'20%'#(!%,2#'+N2*!L,#!(#2!09!2O#5#(!>#(N'%-#(!+!?'076!09!m,%N#P!0'>%,+'3!&05#,P!&%2O!?00>!W0-(!+,>!9+(O%0,+-:#!W0-(b*!HO%(!'#9#'(!20!+!'#6#'20%'#!09!&05#,f(!6'09#((%0,+:!(7NN#((*!/,02O#'!(#2!>#(N'%-#(!2O#!(+5#!&05#,!O+$%,?!:%$#>! +! :%9#! %,$0:$%,?! +! ?'#+2! ,75-#'! 09! (#d7+:! 6+'2,#'(h! 2O#3! O+>! m,02NO#>! 76!50'#!2O+,!+!9002-+::!2#+5!-#2&##,!2O#5b*!HO#(#!2O#5#(!N+,!-#!7,>#'(200>!+(!6+'2!09! +! '#6#'20%'#! 09! _(#d7+:`! 6:#+(7'#! +,>! 2O#!!"#$"!1'0&f(! '%?O2! 20! #,W03! O#'! :%9#!_&O%NO!5+3!+:(0!-#!0,#!09!2O#!'#6#'20%'#!%,!2O#!5+?+e%,#f(!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!O#'! 9#5%,%,%23`*!HO#(#! 2&0!'#6#'20%'#(!(7660'2!#+NO!02O#'*!D0&.#$#'P!2O#3!+'#!N0,2#(2#>!-3!+!2O%'>!(#2!09!2O#5#(!'#9#''%,?!20!2O#!'%(;!09!N0,2'+N2%,?!(#d7+::3! 2'+,(5%22#>! %::,#((#(! _8HB(`*! HO%(! 2O#5#! N+,! -#! 7,>#'(200>! 20! '#9#'! 20!'#6#'20%'#(!%,!+!>%(N07'(#!09!2'07-:#!09!&O%NO!2O#!!"#$"!1'0&!,##>(!20!-#!+&+'#*!

]^!!!8L().M)#)/*#')!

!

87NO!+!'#6#'20%'#!&07:>P!60((%-:3!+,>!(%57:2+,#07(:3P!-#!0,#!09!+!,75-#'!09!'#6.#'20%'#(!N0,(2%272%,?!+!>%(N07'(#!09! 2O#!!"#$"!1'0&! :#+',%,?!20!>#+:!&%2O! 2'07-:#*!B,>##>P! &O#,! (O#! >#+:(! &%2O! 2'07-:#P! 2O#! N0,9:%N2%,?! >%(N07'(#! 09! 2'07-:#! %(!-'07?O2!%,20!:%,#!&%2O!2O#!>05%,+,2!>%(N07'(#!09!O#'!6#'90'5+,N#*!!

HO%(!(7-NO+62#'!O+(!>#+:2!&%2O!2O#!>#N0,(2'7N2%0,!09!>%(N07'(#!2O'07?O!%2(!'#6#'.20%'#(*!"#6#'20%'#(!+'#!(3(2#5(!09!5#+,%,?!&O%NO!'%(#!072!09!2O#!'#(#+'NO!5+2#'%+:*!)%99#'#,2!'#(#+'NO#'(!7(#!$+'%07(!>#(N'%62%$#!#d6'#((%0,(!20!#d6:+%,!2O#!N0,N#62!09!>%(N07'(#(c!m>%(N7'(%$#!(2'7N27'#(!0'!(3(2#5(!09!5#+,%,?b!_Q07N+7:2!USSE`P!m&#-(!09! 6'+N2%N#(b! +,>! >%(N7'(%$#! (2'7N27'#(! _M%::(! USSE`P! m'#6#'20%'#(b! _K%:-#'2! q!M7:;+3! FZ^EP! C022#'! q!<#2O#'#::! FZ^\P!<#2O#'#::! q! C022#'! FZ^^`*! )%(N07'(#(!%,2#'+N2%,?!%,!2O#!N07'(#!09!0,#!2#d2!5+3!,#$#'2O#:#((!N056#2#!&%2O!0'!#$#,!N0,.2#(2!#+NO!02O#'*!

HO#!-7%:>%,?!-:0N;(!09! >%(N07'(#! +'#! '#6#'20%'#(! _<#2O#'#::!q!C022#'! FZ^^`! +,>!'#6#'20%'#(! +'#! 0'?+,%e#>! +'07,>! (6#N%9%NP! '#:+2#>! 2O#5#(! &O%NO! '#N7'! _D#'5#(!FZZ]`*!/!2O#5#!N+,!-#P!90'!%,(2+,N#P!+!(%,?:#!&0'>P!+,!#d6'#((%0,P!0'!+!5#2+6O0'!09! $+'3%,?! :#,?2O! _M%::(! USSEc! ]E`P! +,>! 2O#3! 5+3! 0NN7'! %''#?7:+':3! 0$#'! 2%5#!_Q07N+7:2!FZ\Uc!RU`*!B2!%(!0,:3!&O#,!%,>%$%>7+:!#d+56:#(!N+,!-#!:%,;#>!20?#2O#'!+(!'#N7''%,?! 2O#5#(! 2O+2! 2O#(#!N+,!-#! %,2#'6'#2#>!+(! 2O#!-7%:>%,?!-:0N;(!09!+! '#6#'.20%'#*! HO#! %,>%$%>7+:! 2O#5#(!5+3! '#9#'! 20! 0,#! 0'! (#$#'+:! '#6#'20%'#(*! HO#3!5+3!'#9#'!20!'#6#'20%'#(!&O%NO!(7660'2!#+NO!02O#'!0'P!+:2#',+2%$#:3P!'#9#'!20!+!'#6#'20%'#!9'05! +! N056#2%,?! >%(N07'(#*!<O#,! '#6#'20%'#(! N0,2#(2! 0,#! 09! 2O#! '#6#'20%'#(! 09!!"#$"%"&'()*P! +,>! 2O'07?O! %2! 2O#!5+?+e%,#f(! >05%,+,2! >%(N07'(#P! 2O#!5+?+e%,#!,##>(!20!+72O#,2%N+2#!%2(!'#6#'20%'#(*!B,!&O+2!90::0&(P!2O#!&+3(!%,!&O%NO!2O#!5+?.+e%,#! +72O#,2%N+2#(! %2(! '#6#'20%'#(P! 2O#'#-3! +72O0'%e%,?! %2(! >%(N07'(#! 09! 2O#! %>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23P!&%::!-#!>%(N7((#>*!!

HO%(!NO+62#'!O+(!>#+:2!&%2O!2O#!+-(2'+N2!N0,N#62!09!>%(N07'(#!+(!+!N0,(2'7N2%0,!09!'#+:%23! +,>!4'%2%N+:! )%(N07'(#!/,+:3(%(! +(! +! N'%2%N+:! +66'0+NO! 90'! +,+:3e%,?! 2O#!&+3(!09!2+:;%,?!+-072!+!(6#N%9%N!206%NP!+,!#$#,2!0'!+,!0-W#N2P!2O#'#-3!N0,(2'7N2%,?!%2*! B2!O+(!>#+:2!&%2O!'#6#'20%'#(!+(! 2O#!-+(%N!-7%:>%,?!-:0N;(!09!>%(N07'(#!+,>!>#.(N'%-#>!2O#5!+(!(3(2#5(!09!5#+,%,?!&O%NO!+'#!90'5#>!+'07,>!'#N7''%,?P!%>#,2%9%.+-:#! 2O#5#(*!HO#! NO+62#'! O+(! >#(N'%-#>! '#6#'20%'#! +,+:3(%(! +!5#2O0>! 90'! >#N0,.(2'7N2%,?!>%(N07'(#!%,!2O#!2#d2!(+56:#(!9'05!2O#!!"#$"%"&'()*!#>%20'%+:(!+,>!9#+.27'#!(20'%#(!N0,(2%272%,?!2O#!>+2+!09!2O#!N7''#,2!2O#(%(*!!

! 8L().M)#)/*#')!!!]Z!

! !

<#!+'#!+::!9+5%:%+'!&%2O!2O#!,7'(#'3!'O35#!m<O+2!+'#!:%22:#!?%':(!5+>#!09rb!_6S5+"0B.W'L('"*)0O. "+.H,0#/0O. EKO$/#! FZVZc! FSS`FF*! B,!&O+2! 90::0&(P!&#!&%::! (##!&O+2!50>#',!!"#$".4'0&#!+'#!5+>#!09*!1(%,?!?'07,>#>!2O#0'3P!2O#5#(!'#N7''%,?!%,!2O#!2#d2(!&%::!-#!%>#,2%9%#>!+,>!'#:+2#>!2O#5#(!-'07?O2!20?#2O#'!+,>!:+-#:#>!+(!+!'#6#'20%'#*! HO#! '#6#'20%'#(! 907,>!&%::! 2O#,! -#! ,+5#>! +NN0'>%,?! 20! 2O#%'! 2O#5#(!+,>!N:+((%9%#>!+(!-#:0,?%,?!20!+!6+'2%N7:+'!>%(N07'(#*!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!FF!B!N+,,02!'#(%(2!5+;%,?!2O%(!'#9#'#,N#P!(%,N#!53!$#'3!9%'(2!+N+>#5%N!6+6#'!>#+:2!&%2O!,7'(#'3!

'O35#(c!%2!&+(!6'#(#,2#>!0,N#!760,!+!2%5#!%,!+!6'0.(#5%,+'!+2!2O#!1,%$#'(%23!09!D#:(%,;%*!/:.'#+>3!2O#,P!%,!2O#!#+':3!FZ\S(P!B!&+(!9+(N%,+2#>!-3!2O#!'#6'#(#,2+2%0,!%,!2#d2!09!+,!#$#,2!0'!+!(%27+2%0,P!+,>!2O#!'#:+2%0,(O%6!-#2&##,!2#d2!+,>!#$#,2*!B,!,7'(#'3!'O35#(P!2O%(!'#:+2%0,(O%6!+6.6#+'(!20!-#!06#,!20!%,2#'6'#2+2%0,h!#k7+::3P!2O#!9'#k7#,2:3!+5-%?707(!5#+,%,?!09!2O#!,7'(#'3!'O35#(!099#'(!N0,9:%N2%,?!#$%>#,N#!90'!+,!+,+:3(%(*!!

VS!!!8L().M)#)/*#')!

!

E! I)BHL"B/[8c!HDI!B@H"L)14HBL@!LQ!)B84L1"8I8!LQ!HDI!!6C=6.4DEF!!

B,!2O#!6+?#(!09!!"#$"%"&'()*!1JP!2O#!#>%20'!N0,>7N2(!+!>%+:0?7#!&%2O!O#'!'#+>.#'g9'%#,>*!Ik7+::3P!0,!2O#!:#$#:!09!N0,2#,2P!2O#!2&0!?#,'#(!09!2O#!#>%20'%+:(!+,>!2O#!9#+27'#! (20'%#(! #,2#'! +!>%+:0?7#!&%2O!#+NO!02O#'*! ! B,! 2O#!#>%20'%+:(P! 2O#!>05%,+,2!>%(N07'(#!09! 2O#!5+?+e%,#P! 2O+2!09! 2O#! +,*-. +/)0&/##. +/$)&/#! %(!6'0502#>!+,>! 2O#!'#+>#'g9'%#,>! %,$%2#>! 20! W0%,! 2O#! 6+'23*! D0&#$#'P! +:'#+>3! O#'#P! 2O#! #d%(2#,N#! 09!N056#2%,?! >%(N07'(#(! %(! -'%#9:3! +N;,0&:#>?#>*! =3! N0,2'+(2P! 2O#! 9#+27'#! (20'%#(!O+$#!2O#%'!90N7(!0,!:%$#(!072!09!N0,2'0:P!6'0$%>%,?!,+''+2%$#(!09!60((%-:#!_-72!(2%::!m'#6+%'+-:#b`! 6'0-:#5(*! HO#(#! +'#! 6'0-:#5(! 2O+2! 2O#! 5+?+e%,#! ,##>(! 20! (0:$#h!02O#'&%(#P!2O#!>05%,+,2!>%(N07'(#!09!2O#!5+?+e%,#!&07:>!-#!7,>#'5%,#>*!

HO#!+((7562%$#!O3602O#(%(!09!2O%(!2O#(%(!%(!2O+2!2O#'#!%(!+!p>%$%(%0,!09!:+-07'f!-#.2&##,!2O#!2&0!?#,'#(P!(0!2O+2!2O#!#>%20'%+:(!%,2'0>7N#!2O#!>%(N07'(#(!09!2O#!!"#$".1'0&P!&O%:#!%,!2O#!9#+27'#!(20'%#(!2O#!(%27+2#>!&0':>!5##2(!2O#!5#>%+2#>!&0':>*!L,!2O#! 5+N'0.:#$#:P! !"#$"%"&'()*! '#>7N#(! 2O#! N0,9:%N2! -#2&##,! %2(! >05%,+,2! >%(.N07'(#P!2O+2!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23P!+,>!N056#2%,?!>%(N07'(#(!20!+!p6'0-:#5.(0:72%0,f!9'+5#*!B,!+>>%2%0,!20!2O#!N055#'N%+::3!>'%$#,!>05%,+,2!>%(N07'(#!09!2O#!!"#$"!1'0&P!2O#!5+?+e%,#!099#'(!+!N056#2%,?!>%(N07'(#!%,! 2O#!90'5!09! p+72O#,2%Nf! 2'07-:#! 2O+2!5+3!-#!#,N07,2#'#>! %,! 2O#!(%27+2#>!&0':>!&O%NO!NO+::#,?#(!2O#!90'5#'!+,>P!O#,N#P!2O#!N'#>%-%:%23!09!2O#!>05%,+,2!>%(N07'(#!09!2O#!5+?+e%,#*!='%,?%,?!(7NO!N056#2%,?!>%(N07'(#(!%,20!:%,#!&%2O!2O#!>05%,+,2!>%(N07'(#!09!2O#!5+?+e%,#!-3!,#72'+:%e%,?!2O#5!&%::!(2'#,?2O#,!2O#!>05%,+,2!>%(.N07'(#!97'2O#'!+,>P!+NN0'>%,?:3P!+:(0!2O#!5+?+e%,#!+(!-7(%,#((!$#,27'#*!!

B,!0'>#'!20!2#(2!2O#!+((7562%$#!O3602O#(%(!2O#!90::0&%,?!(#2!09!'#(#+'NO!k7#(2%0,(!&#'#!60(#>c!F`!<O+2!>%(N07'(#(!09!2O#!6#'90'5+,N#(!09!2O#!!"#$"!1'0&!+'#!%,2'0.>7N#>!%,!2O#!#>%20'%+:(!+,>!&O+2!%(!2O#%'!97,N2%0,!_>05%,+,2P!N056#2%,?`r!U`!<O+2!>%(N07'(#(!09!6#'90'5+,N#(!+'#!%,2'0>7N#>!%,!2O#!9#+27'#!(20'%#(r!D0&!O+$#!2O#3!-##,!(#:#N2#>!&%2O!'#9#'#,N#!20!2O#!>05%,+,2!>%(N07'(#!_90'!#d+56:#P!N+,!2O#3!-#!-'07?O2!%,20!:%,#!&%2O!2O#!>05%,+,2!>%(N07'(#`!+,>!+:(0!2O#!(%27+2#>!&0':>!09!2O#!'#+>#'(O%6!_+'#!2O#3!9#+(%-:#!&%2O%,!2O#!2+'?#2!+?#!?'076`r!R`!D0&!>0#(!2O#!5+?+.e%,#!>#+:!&%2O!N056#2%,?!>%(N07'(#(r!/'#!2O#3!5+>#!N056+2%-:#!&%2O! 2O#!>05%.,+,2!>%(N07'(#r!4+,!2O#!(#2.76!09!+!N056#2%,?!>%(N07'(#!+,>!%2(!,#72'+:%e+2%0,!-#!'#>7N#>!20!2O#!6'0-:#5.(0:72%0,!6+22#',r!

HO%(!NO+62#'!&%::!>#+:!&%2O!2O#!#>%20'%+:(!+,>!2O#!'#6#'20%'#(!&O%NO!90'5!2O#!>%(.N07'(#!09! 2O#! %>#+:!6#'90'5+,N#!09!!"#$"!1'0&! 9#5%,%,%23! %,!+,(&#'! 20! '#(#+'NO!k7#(2%0,!F*!B2!&%::!6+$#!2O#!&+3!20!9#+27'#!+'2%N:#(!+,>!2O#%'!206%N(P!+,>P!%,>%'#N2:3P!

! 8L().M)#)/*#')!!!VF!

! !

+:(0!2O#!+72O#,2%N+2%0,!09!2O#!(%27+2#>!&0':>!%,!&O%NO!2O#!!"#$".1'0&#.:%$#*!HO#(#!&%::!:+3!2O#!907,>+2%0,!90'!+,(&#'%,?!2O#!k7#(2%0,(!U!+,>!R*!!

HO#!>+2+!N0,(%(2#>!09!2&#:$#!#>%20'%+:(!9'05!!"#$"%"&'()*!1J!USSE!+,>!E^!9#+.27'#!(20'%#(!9'05!!"#$"%"&'()*!1J!USSE!+,>!USSV*!HO#!67'60(#!09!2O#!#>%20'%+:(!+66#+'#>! 20!-#!6'#>05%,+,2:3! 20!#(2+-:%(O! +,>!N0,2%,7#! 20! (2'#,?2O#,! 2O#!>05%.,+,2!>%(N07'(#!09!2O#!m97,P!9#+':#((!9#5+:#(b*!!!B,! +,(&#'%,?! 2O#! '#(#+'NO! k7#(2%0,(P! 2O#! 2O#0'#2%N+:! 9'+5#&0';! 09! 4'%2%N+:! )%(.N07'(#!/,+:3(%(!&+(! 7(#>! -3! N+''3%,?! 072! +! '#6#'20%'#! +,+:3(%(*! HO#! '#6#'20%'#(!&#'#! %>#,2%9%#>! +66:3%,?! ?'07,>#>! 2O#0'3!&O#'#! 2O#! '#6#'20%'#(! '0(#! 072! 09! 2O#!5+2#'%+:!+92#'!'#6#+2#>!'#+>%,?(*!HO#,!2O#!'#6#'20%'#(!&#'#!N:+((%9%#>!+,>!,+5#>!+92#'!2O#%'!2O#5#(*!!

HO#!>#(N'%62%0,(!09!2O#!!"#$"!1'0&!%,!2O#!#>%20'%+:(!9#::!%,20!9%$#!'#6#'20%'#(*!HO#!9%'(2!0,#!&+(!2O#!0/%/0("'0/."+.'*B/%/*B/*L/!90'5#>!-3!2O#!2O#5#(!09!NO0%N#!+,>!N0,2'0:*! B2!NO+'+N2#'%e#>! 2O#!!"#$"!1'0&! 2O'07?O!O#'!+-%:%23! 20!5+;#!NO0%N#(!+,>!2O#!N0,2'0:!(O#!O+(!0$#'!O#'!:%9#*!HO#!(#N0,>!0,#!&+(!2O#!0/%/0("'0/."+.%&/)#,0/*!HO%(! '#6#'20%'#!&+(! 90'5#>!-3! 2O#! 2O#5#(! 09! 6#'(0,+:! +,>! (#d7+:! 6:#+(7'#P! +,>!6:#+(7'#!%,!:00;(!+,>!(7NN#((*!B2!>#(N'%-#>!O0&!!"#$".1'0&#.9%,>!6:#+(7'#!%,!6'0.9#((%0,+:!(7NN#((!+(!&#::!+(!+N2%$%2%#(!072(%>#!2O#!&0';6:+N#P!+,>!O0&!2O#3!>#'%$#!%2!9'05!%,$#(2%,?!%,!:00;%,?!?00>*!HO#!2O%'>!'#6#'20%'#!&+(!2O+2!09!L"*#,$/0'#$P!&O%NO!N0$#'#>!2O#!2O#5#(!09!(O066%,?!+,>!(23:%,?*!HO#!907'2O!'#6#'20%'#!&+(!2O+2!09! +0'/*B#K'%! 90'5#>!09! 2O#!2O#5#(!09!(7660'2!+,>!(O+'%,?*!B2!>#(N'%-#>!O0&!2O#!!"#$"!1'0&! %(! %,$0:$#>!&%2O!9'%#,>(!+,>!'#:+2%$#(!+,>!+((#'2(! 2O+2! 9#5+:#!9'%#,>.(O%6(!5+3!:+(2!+!:%9#2%5#*!/!9%92O!'#6#'20%'#P!(0",[&/P!&+(!+:(0!%>#,2%9%#>!-'%#9:3FU*!!

B,!2O#!#>%20'%+:(P!2O#!'#6#'20%'#!09!6:#+(7'#!&%2O!%2(!2O'##!2O#5#(P!2O0(#!09!6#'(0,+:!6:#+(7'#P!6:#+(7'#!%,!:00;(!+,>!6:#+(7'#!%,!(7NN#((P!&+(!2O#!50(2!6'05%,#,2!0,#*!HO#(#!2O#5#(!+66#+'#>!#:#$#,!2%5#(!%,!#%?O2!#>%20'%+:(*!B,!2O'##!09!2O#!#>%20'%+:(!2O#'#!&#'#!2&0!'#9#'#,N#(!20!0,#!0'!2O#!02O#'!09!2O#!2O#5#(*!HO#!M+3!USSE!#>%20.'%+:!&+(!-7%:2!#,2%'#:3!+'07,>!2O#!'#6#'20%'#!09!6:#+(7'#!+,>!2O#!2O#5#!09!6#'(0,+:!N0,2#,25#,2P!&O%NO!&+(!+:(0!+,!%560'2+,2!206%N!%,!2O#!9#+27'#!(20'%#(!09!2O+2!%((7#*!/:(0!6'05%,#,2!&+(!2O#!'#6#'20%'#!09!%,>#6#,>#,N#!%,!2O+2!2&0!#>%20'%+:(P!2O0(#!09!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!FU!HO'##!09!2O#(#!9%$#!'#6#'20%'#(!907,>!%,!2O#!6'#(#,2!(27>3P!2O0(#!09!%,>#6#,>#,N#P!6:#+(7'#!+,>!

9'%#,>(O%6P!&#'#!+:'#+>3!%>#,2%9%#>!+,>!,+5#>!%,!53!:%N#,2%+2#!2O#(%(!_DX?:7,>!USS\`P!&O%NO!%,$#(2%?+2#>!2O#!#>%20'%+:(!09!!"#$"%"&'()*!1J!USSE*!HO#!'#6#'20%'#!09!(O066%,?!&+(!,02!>#+:2!&%2O!+2!2O#!2%5#P!+:2O07?O!2O#!#$%>#,N#!09!%2(!#d%(2#,N#!&+(!2O#'#*!HO#!60((%-:#!#d%(2#,N#!09!+!'#6#'20%'#!09!2'07-:#!&+(P!O0&#$#'P!%>#,2%9%#>!+:'#+>3!%,!53!USS\!(27>3P!&O#'#!%2!&+(!N+::#>!2O#!'#6#'20%'#!09!N0,,#N2#>!;,0&:#>?#!(%,N#!%2!+66#+'#>!20!9%::!2O#!(+5#!97,N2%0,!+(!2O#!'#6#'20%'#!09!N0,,#N2#>!;,0&%,?!907,>!-3!D#'5#(!_FZZ]`*!

VU!!!8L().M)#)/*#')!

!

G+,7+'3!USSE!+,>!LN20-#'!USSEP!&#'#!-7%:2!#dN:7(%$#:3!+'07,>!%2*!/:20?#2O#'P!2O#!'#6#'20%'#! +66#+'#>! 9%$#! 2%5#(*!HO#! '#6#'20%'#! 09! 9'%#,>(O%6! +66#+'#>! 9%$#! 2%5#(!+,>!2O#!8#62#5-#'!USSE!#>%20'%+:!>#+:2!5+%,:3!&%2O!9'%#,>(O%6P!+,>!+:(0!&%2O!:0$#*!B,!+>>%2%0,!20!2O#!N+(#(!&O#'#!0,#!'#6#'20%'#!>05%,+2#>!0,#!#>%20'%+:P!2O#'#!&#'#!+:(0! N+(#(! 09! 2&0! 0'!50'#! '#6#'20%'#(! +66#+'%,?! %,! 0,#! (%,?:#! #>%20'%+:*! Q0'! %,.(2+,N#P! 2O'##! '#6#'20%'#(! _%,>#6#,>#,N#P! 9'%#,>(O%6! +,>! 2'07-:#`! +66#+'#>! %,! 2O#!M+'NO!USSEP!/6'%:!USSE!+,>!@0$#5-#'!USSE!#>%20'%+:(*!

HO#!9%92O!'#6#'20%'#!2O#!#d%(2#,N#!09!&O%NO!&+(!%,>%N+2#>!%,!2O#!#>%20'%+:(!&+(!2O+2!09!(0",[&/*!B2!+66#+'#>!(%d!2%5#(P!+,>!O+:9!09!2O#!Q#-'7+'3!USSE!#>%20'%+:!&+(!-7%:2!+'07,>!2O#!>+,?#'!09!'+6#!+,>!$%0:#,N#!20!2O#!307,?!50>#',!&05+,*!_/66#,>%d!Z`*!H'07-:#!&+(P!O0&#$#'P!0,:3!O%,2#>!+2!%,!2O#!#>%20'%+:(!+(!%9!2O#!5+?+e%,#!&+,2.#>! 20!5+;#! %2!N:#+'! 2O+2! 2O#3!>%>! '#N0?,%e#! 2O+2! 2O#!&0':>!&+(!,02!+:&+3(!m97,b!+,>!m6:#+(7'#b*!HO#!5#,2%0,!09! 2'07-:#!(7??#(2#>P! 2O07?OP! 2O+2! 2'07-:#!N07:>!-#!,#72'+:%e#>!+,>!2O#!!"#$".1'0&! W7(2!,##>#>!+>$%N#!n!&O%NO!2O#!5+?+e%,#!&07:>P!,##>:#((!20!(+3P!6'0$%>#*!

B,!&O+2!90::0&(P!#+NO!09!2O#!'#6#'20%'#(!&%::!-#!>%(N7((#>!%,!0'>#'!09!%560'2+,N#!(2+'2%,?!&%2O!2O#!'#6#'20%'#!09!%,>#6#,>#,N#*!HO#!,#d2!50(2!6'05%,#,2!'#6#'20%'#!%(! 2O+2! 09! 2O#! 6:#+(7'#(! 09! 2O#!!"#$"!1'0&! >#'%$#>! 9'05! 2O#! 2O#5#(! 09! 6#'(0,+:!6:#+(7'#P!6:#+(7'#!%,!:00;(!+,>!6:#+(7'#!%,!(7NN#((!&%::!-#!>%(N7((#>!,#d2*!Q0::0&.%,?!2O#(#!2&0!9%'(2!'#6#'20%'#(P!2O#!'#6#'20%'#!09!N0,(75#'%(5!%,(#'2(!%2(#:9!%,20!2O#!02O#'! '#6#'20%'#(! (0! 2O+2! %2! %(! +:&+3(! 6'#(#,2! %,! 2O#! #>%20'%+:(P! %,>%'#N2:3! %,! 2O#!5#,2%0,!09!2O#!!"#$".1'0&!:%9#(23:#P!0'!>%'#N2:3!%,!'#9#'#,N#(!20!-#+723!+,>!9+(O%0,!6'0>7N2(*!HO#!'#6#'20%'#!09!9'%#,>(O%6!&O%NO!#56O+(%e#(!2O#!%560'2+,N#!09!O+$%,?!-02O! %,2%5+2#! 9'%#,>(!+,>!9'%#,>(!+,>!N0::#+?7#(!N+5#!+(!,75-#'! 907'!+(! 20! %5.60'2+,N#P! +,>! 9%,+::3P! 2O#! 9%92O! '#6#'20%'#P! 2O+2! 09! 2'07-:#P! &+(! (7??#(2#>! +,>! %2!(#'$#>!+(!+,!%,2'0>7N2%0,!20!2O#!9#+27'#!+'2%N:#(!2O+2!%,$0:$#>!2O#!N056#2%,?!>%(.N07'(#(*!

E*F! HO#!B,>#6#,>#,N#!09!2O#!!"#$".4'0&!!

L,#! 09! 2O#! 2&0!50(2! 6'05%,#,2! '#6#'20%'#(! #56:03#>! 20! >#(N'%-#! 2O#! %>#+:! 6#'.90'5+,N#! 09! 2O#!!"#$". 1'0&! 9#5%,%,%23! %(! 2O+2! 09! '*B/%/*B/*L/! 90'5#>! 09! 2O#!2O#5#(!09!LK"'L/!+,>!L"*(0"&*!B,!2O+2!'#6#'20%'#P!2O#!2O#5#(!09!NO0%N#!+,>!N0,2'0:P!&%2O! #,(7%,?! %,>#6#,>#,N#P! +'#! N#,2'+:! 20! 2O#!5+?+e%,#f(!>%(N07'(#!09! 2O#! %>#+:!6#'90'5+,N#!09!2O#!!"#$"!1'0&!9#5%,%,%23*!B,>##>P!0,#!N+,!+'?7#!2O+2!2O%(!'#6#'.20%'#!'#$0:$#(!'07,>!2O#!!"#$"!1'0&!O#'(#:9c!(O#!O+(!NO0%N#!+,>!N0,2'0:P!+,>!2O7(!%,>#6#,>#,N#*! D+$%,?! NO0%N#! +:(0! 5#+,(! O+$%,?! N0,2'0:*! HO%(! (7-NO+62#'! &%::!>%(N7((!2O#!2O'##!2O#5#(!+,>!O0&!2O#3!'#N7'!20!>#(N'%-#!%,>#6#,>#,N#*!

! 8L().M)#)/*#')!!!VR!

! !

`V;V;. !K"'L/.

HO#!5+%,!2O#5#!09!NO0%N#!%(!2O+2!09!2O#!!"#$".1'0&!O+$%,?!2O#!062%0,!20!%,$#(2!%,!O#'! 6'09#((%0,+:! 0'! 6#'(0,+:! :%9#*!/:(0P! 0,N#! (O#! O+(!5+>#! O#'! _N0''#N2`! NO0%N#P!(O#!&%::!O+$#!N0,2'0:!09!O#'!:%9#*!HO#!2O#5#!09!NO0%N#!+(N'%-#(!20!2O#!!"#$"!1'0&!2O#!'%?O2!20!90N7(!0,!O#'(#:9*!HO#!2O#5#!09!NO0%N#!+(!0,#!#:#5#,2!%,!2O#!'#6#'20%'#!09! %,>#6#,>#,N#! %(! 907,>! %,! 2O#! 90::0&%,?! 6+((+?#!&O#'#! 2O#! NO0%N#! 09! 6'09#(.(%0,+:!:%9#!%(!6:+N#>!%,!N0,2'+(2!20!2O+2!09!9+5%:3!:%9#*!

_U`! Bf>!+:&+3(!&+,2#>!2O#!2O%,?(!2O+2!53!9%'(2!#$#'!N063!09!40(50!5+>#!! 5#!-#:%#$#!B!N07:>!O+$#!n!,02!(05#!(7NN#((.N'+e#>P!7,+22+%,+-:#!$#'.! (%0,!09!:%9#P!-72!20!:%$#!:%9#!0,!307'!0&,!2#'5(!n!&O#2O#'!2O+2!9#+27'#>!! +!N+'##'P!+!5+,P!5+''%+?#P!-+-%#(P!0'!,02*!<O+2#$#'!9#:2!'%?O2!90'!307*!! _LN2*!USSE`*!

_R`! D0&#$#'P!B!-#:%#$#!+!>#N+>#!+?0P!5+,3!09!7(!5+3!O+$#!9#:2!?7%:23!20!! +>5%2!2O+2P!+N27+::3P!+::!&#!'#+::3!&+,2#>!20!>0!&+(!2'+$#:!2O#!&0':>!0'!! 6#'O+6(!(2+3!+2!O05#!+,>!-'%,?!76!+!9+5%:3!.!&#!5+3!O+$#!9#:2!&#z>!! :#2! 2O#! 9#5%,%(2(!>0&,!-3!NO00(%,?!#%2O#'!+(!+!N+'##'!062%0,*!H0>+3P!! 9#5%,%(5!5#+,(!zNO0%N#z*!_G+,*!USSE`*!

HO#! 2O#5#!09! NO0%N#! (7??#(2(! +!307,?!&05+,!#,W03%,?!O#'! 9'##>05*!4O0%N#! %(!'#9#''#>!20!%,!2O#!#d6'#((%0,(!(".&'7/.&'+/."*.O",0."U*.(/0$#P!UK)(/7/0.+/&(.0'1K(.+"0.O",*! _Id+56:#!U`P! +,>! 2O#!5#,2%0,!09!LK""#'*1! +(!&#::! +(! 2O#! (2+2#5#,2!J"B)O-.+/$'*'#$.$/)*#.aLK"'L/N!_Id+56:#!R`*!B2!+66#+'(!2O+2!2O#!062%0,(!+$+%:+-:#!20!2O#!!"#$"!1'0&!+'#!%,!2O#!2'+>%2%0,+:!NO0%N#!-#2&##,!9+5%:3!+,>!&0';*!D#'!NO0%N#!%(!N0,(2'7N2#>!+(!#%2O#'!+!N+'##'!0'!2O#!'#(60,(%-%:%2%#(!09!+!502O#'!+,>!O07(#&%9#!+(!%,!UK/(K/0.(K)(!s&O%NO!B!N07:>!O+$#t!+/)(,0/B.).L)0//0-.).$)*-.$)00')1/-.[)['/#-."0. *"(*! _Id+56:#! U`*!HO#!!"#$"!1'0&! >0#(! ,02! (##! 2O#! 062%0,! 09! N05-%,%,?! 2O#!2&0*!8O#!5+3!&+,2! 20!-#! +!&0';%,?!?%':! -72! (O#!&%::! ,02!-#! +! m&0';%,?!M75b!&O0! (2'7??:#(! 20! N05-%,#! NO%:>'#,P! 2O#! O07(#O0:>! +,>! +! W0-*! Q0'! %,(2+,N#P! 2O#!:+22#'!#d+56:#!N0,,#N2(!9#5%,%(5!20!+!(7-(2+,2%+:!NO+,?#!%,!&05#,f(!:%9#*!B2!+:(0!#dN:7>#(!mO7(-+,>(b!&O0!>0!,02!O+$#!20!2+;#!N+'#!09!2O#!-'%,?%,?!76!09!+!9+5%:3*!)0#(!2O%(!5#+,!2O+2!%9!307!NO00(#!+!N+'##'P!307!?%$#!76!+!60((%-:#!9+5%:3r!/:(0P!2O%(!N:#+':3!N0,N#',(!0,:3!m(05#b!&05#,!_2O0(#!&O0!N+,!O+$#!+!N+'##'`h!02O#'(!+'#!#dN:7>#>*!HO%(P!09!N07'(#P!#$0;#(!2O#!k7#(2%0,!09!&O#2O#'!(0N%#23!O+(!NO+,?#>!57NO!n!0'!,02!+2!+::*!HO#!(+5#!k7#(2%0,!N+,!-#!60(#>!N0,N#',%,?!&05#,f(!+22%.27>#(*!

HO#!062%0,(!%,!2O#5(#:$#(!'#6'#(#,2!:%5%2+2%0,(*!Q%'(2P!2O#!!"#$".1'0&!5+3!,02!-#!+-:#!20!5+;#!2O#!NO0%N#!2O+2!5%?O2!-#!O#'!9+$07'%2#!062%0,P!N+'#9'##!2'+$#::%,?P!+(!%,!)&&.U/.0/)&&O.U)*(/B.(".B".U)#.(0)7/&.(K/.U"0&B!_Id+56:#!R`*!D#'!#N0,053P!O#'!

VE!!!8L().M)#)/*#')!

!

'#:+2%0,(O%6P!0'!&0';!'#(60,(%-%:%2%#(P!5+3!(#'$#!20!N0,(2'+%,!O#'*!8#N0,>:3P!-02O!2O#!062%0,(!5#,2%0,#>P!2'+$#::%,?!2O#!&0':>!0'!-'%,?%,?!76!-+-%#(P!+'#!N0,(2'7N2#>!+(!0660(#>! 20! +/$'*'#$P! 2O7(P!NO00(%,?!#%2O#'!5%?O2! &/(. (K/. +/$'*'#(#.B"U*! _Id.+56:#! R`*! HO7(P! 9#5%,%(5!-#N05#(! +! N0,(2'+%,2! 20! (206! 307! 9'05! :%$%,?! &'+/. "*.O",0."U*.(/0$#!_Id+56:#!U`*!D0&#$#'P!%2!%(!+:(0!N0,(2'7N2#>!+(!+!N0,N#62!&O%NO!,##>(!20!-#!%,N:7>#>!+50,?!2O#!$+:7#(!09!2O#!!"#$"!1'0&!%9!(O#!&+,2(!20!-#!60:%2%.N+::3!N0''#N2*!HO#!5+?+e%,#!?%$#(! 2O#!'#+>#'! %2(!0&,!%,2#'6'#2+2%0,!09! 9#5%,%(5*!_Id+56:#!R`*!

HO#! 60((%-%:%23! 09! +! N0,9:%N2! -#2&##,! 2O#! 6'09#((%0,+:! (6O#'#! +,>! 2O#! 6#'(0,+:!(6O#'#! %(!6+'2!09! 2O#! 2O#5#!09!O+$%,?!NO0%N#*!<05#,!(2'7??:#! %,! 2O#%'!#$#'3>+3!:%9#!20!N05-%,#!2O#!2&0*!HO#!2O#5#!09!NO0%N#!(##(!+::!+:2#',+2%$#(!+(!#k7+::3!$+:7.+-:#*!"#?+'>:#((!09!&O%NO!NO0%N#!+!&05+,!5+;#(P!2O#!%560'2+,2!2O%,?!%(!2O+2!(O#!&%::!-#!+::0&#>!20! &'7/.&'+/."*.K/0."U*.(/0$#!_Id+56:#!U`*!HO#!6+((+?#(!O#:6!20!7,>#':%,#! 2O+2! 2O#!!"#$"!1'0&! %(!+::0&#>! 20! _#$#,!#d6#N2#>! 20`! 90N7(!0,!O#'(#:9*!HO#! N0,N:7(%0,! 2O+2! N+,! -#! >'+&,! 9'05! 2O#(#! 6+((+?#(! 2O+2! 2O#'#! %(! ,0! '%?O2! 0'!&'0,?!%,!NO0%N#(P!-72!2O#!NO0%N#!(O07:>!-#!&O+2#$#'! +//&#.0'1K(!90'!0,#(#:9!_Id.+56:#!U`*!D#'!%,>#6#,>#,N#!%(!(#:9.N#,2'#>*!

HO#! 2O#5#!09!O+$%,?!+!NO0%N#! %,! :%9#! %(! '#(2'%N2#>! 20! 2O#! 90N7(!0,!0,#(#:9P!0,#f(!0&,!9##:%,?(!+,>!+(6%'+2%0,(*!1,:%;#!O#'!(%(2#'!09!2O#!FZZS(P!2O#!!"#$"!1'0&!09!2O#!UF! N#,27'3!>0#(!,02!,##>! 20! 9##:! ?7%:23! %9! (O#! NO00(#(! 20! 97:9%:! O#'!0&,!>'#+5(!%,(2#+>!09!2+;%,?!%,20!+NN07,2!(0:%>+'%23!&%2O!02O#'!&05#,*!Q0'!#d+56:#P!U/.$)O.K)7/. +/&(.U/bB. &/(. (K/. +/$'*'#(#.B"U*.[O.LK""#'*1./'(K/0.)#.).L)0//0."%('"*! _Id.+56:#!R`*!C'#$%07(:3P!(O#!5%?O2!O+$#!9#:2!?7%:23!+-072!5+;%,?!NO0%N#(!2O+2!&#'#!,02!%,!:%,#!&%2O!+!9#5%,%(2!+?#,>+*!@0&!(O#!O+(!+,!+'?75#,2!&%2O!&O%NO!20!>#9#,>!O#'!NO0%N#(c!("B)O.+/$'*'#$.$/)*#.aLK"'L/N!_Id+56:#!R`*!!

`V;V9. !"*(0"&.

B,!2O#!'#6#'20%'#!09!%,>#6#,>#,N#P!2O#!2O#5#!09!NO0%N#!%(!N:0(#:3!%,2#':%,;#>!&%2O!2O#! 2O#5#! 09! N0,2'0:*! HO%(! 2O#5#P! +,>! 2O#! %560'2+,N#! 09! O+$%,?! N0,2'0:! 0$#'! +!(%27+2%0,!09!NO0%N#P!%(!907,>!%,!2O#!90::0&%,?!6+((+?#(*)

_E`!! =72!2O#!+>$%N#!.!&O%NO!(+%>!2O#'#!&+(!:02(!20!-#!?+%,#>!9'05!W756%,?!! %,20!+!(%27+2%0,!+,>!2+;%,?!'%(;(!.!:#92!+!-%?!%56'#((%0,!0,!O#'!s+!9'%#,>!! 09!2O#!#>%20't*!{B2!+N27+::3!O#:6#>!5#!5+;#!53!5%,>!76P{!(O#!20:>!5#P!! -#90'#! '#$#+:%,?!(O#!O+>! 2+;#,!76! 2O#!099#'! .!+,>!;#62!O#'!5+,P! 200P!! (%,N#!2O#!'#:+2%0,(O%6!(7'$%$#>!2O#!(%d.50,2O!6+'2%,?*!_M+'NO!USSE`*!

! 8L().M)#)/*#')!!!V]!

! !

_]`!! HO+2!%2!s9#5%,%(5h!2O#!206%N!09!2O#!#>%20'%+:t!5#+,2!&#!(O07:>!(2'%$#!20!! -#! +2! 2O#! 206! 09! 07'! N+'##'(! +,>! 2O+2!50'#!&05#,! (O07:>! -#! %,! 2O#!! -%?P! >#N%(%0,.5+;%,?! W0-(*!=72! 20>+3P!50'#! +,>!50'#!&05#,!+'#! %,!! 2O0(#!W0-(*!Q#&!09!307!&07:>!-#!(7'6'%(#>!%9!&#!O+>!+,02O#'!9#5+:#!! 6'%5#!5%,%(2#'P!0'!+!9#5+:#!6'#(%>#,2!#:#N2#>!%,!2O#!18*!_G+,*!USSE`*!

HO#!2O#5#!09!N0,2'0:!>#(N'%-#(!O0&!+!307,?!&05+,!N+,!+((#'2!O#'(#:9!%,!O#'!6#'.(0,+:!+,>!6'09#((%0,+:!:%9#*!HO#!'#9#'#,N#!20! >,$%'*1.'*(".).#'(,)('"*.)*B.()]'*1.0'#]#!_Id+56:#!E`!#(2+-:%(O#(!&O+2!(O#!,##>(!20!>0!20!?+%,!N0,2'0:*!40,2'0:!0$#'!2O#!6#'(0,+:!+,>!2O#!6'09#((%0,+:!+'#+(!09!0,#f(!:%9#!>0!,02!,##>!20!-#!%,!0660(%.2%0,! 20!#+NO!02O#'!+(P! 90'! %,(2+,N#P! %,! 2O#!(2+2#5#,2!#K/.K)B. ()]/*.,%. (K/."++/0. 5.)*B.]/%(.K/0.$)*-.(""-!_Id+56:#!E`*!HO7(P!90'!2O#!!"#$"!1'0&P!N0,2'0:!%(!60((%-:#!0,!50'#!2O+,!0,#!:#$#:*!HO#!#d+56:#(!'+%(#!k7#(2%0,(!N0,N#',%,?!2O#!NO+'+N2#'%(.2%N(!09!2O#!2+'?#2!?'076!+(!20!#2O,%N%23P!:#$#:!09!#>7N+2%0,P!+?#P!#2N*!

HO#!60((%-%:%23!90'!&05#,!_(05#`!20!-#!%,!N0,2'0:!6'09#((%0,+::3!%,!O%?O.'+,;%,?!60(%2%0,(!%(!+:(0!(6#N%9%N+::3!'#9#''#>!20*!Q0'!#d+56:#P!2O#!(2+2#5#,2!+-072!&05#,!-#%,?!)(.(K/.("%."+.",0.L)0//0#!(7??#(2(!,02!0,:3!N0,2'0:!-72!+:(0!2O#!(;%::(!,#N#(.(+'3!20!+>$+,N#!_+,>!,02!W7(2!50>#(2:3`!%,!0,#f(!N+'##'*!<05#,!&%::!-#!'*.(K/.['1-.B/L'#'"*5$)]'*1.>"[#!+,>!2O#3!&%::!-#!#:#N2#>!20!2O#!O%?O#(2!60((%-:#!099%N#!+(!%,!)*"(K/0.+/$)&/.%0'$/.$'*'#(/0-."0.).+/$)&/.%0/#'B/*(./&/L(/B.'*.(K/.2C*!_Id+56:#!]`!!

HO#!2O#5#(!09!NO0%N#!+,>!N0,2'0:!+:(0!%,2#'+N2!20!(7??#(2!2O+2!2O#!!"#$"!1'0&!57(2!-#!6'#6+'#>!20!(2'7??:#!20!67'(7#!O#'!NO0%N#(!%,!0'>#'!20!?+%,!N0,2'0:P!+,>!2O7(!O#'!%,>#6#,>#,N#*!HO#!6'0N#((!%(!>#(N'%-#>P!90'!#d+56:#P!%,!2O#!LN20-#'!USSE!#>%20'%.+:*!HO#!N+6%2+:!:#22#'(!&%2O%,!(k7+'#!-'+N;#2(!&#'#!+>>#>!90'!#+(3!%>#,2%9%N+2%0,!09!2O#!%2#5!N055#,2#>!0,*!!

!_V`! B!O+$#!+:&+3(!-##,!+!!"#$".1'0&P!#$#'!(%,N#!B!6%N;#>!76!53!9%'(2!N063!! 09!!"#$"%"&'()*!+(!+,!F^.3#+'.0:>!(27>#,2!%,!=%'5%,?O+5!n!s/t!+&+3!! 9'05! O05#! 90'! 2O#! 9%'(2! 2%5#P! 2#''%9%#>! +,>! :0$%,?! %2! +::! +2! 2O#! (+5#!! 2%5#*!s***t!!

. Q'05!2O#!505#,2!B!9%'(2!6%N;#>!76!+!N063!_0'!(O07:>!B!(+3!907?O2!0$#'!! +!N063!&%2O!53!9:+25+2#(`!(05#2O%,?!N:%N;#>P!+,>!B!-#?+,!20!-#:%#$#!! s=t!53!>'#+5!09!-#N05%,?!+! W07',+:%(2! 0,!+!?:0((3!5+?+e%,#! N07:>!! N05#! 2'7#*! HO+2! >'#+5! O+>! -##,! (O+22#'#>! -3! +! [0,>0,! W07',+:%(5!! N0::#?#! s4tP! &O0! 20:>! 5#! B! >%>,f2! O+$#! &O+2! %2! 200;! 20! 5+;#! %2! %,! 5+?+e%,#! W07',+:%(5! _,02! 207?O! #,07?OP! +66+'#,2:3`! +,>! (#,2! 5#!! 6+N;%,?!&%2O! 2#+'(! %,!53!#3#(*! B!>%>,f2!;,0&!2O+2! 2O%(!$#'3!'#W#N2%0,!! &07:>!502%$+2#!5#!90'!3#+'(!20!N05#a!

VV!!!8L().M)#)/*#')!

!

B2!&+(!!"#$"! _+,>!2O#!5+,3!(7-(#k7#,2!?:0((3!5+?+e%,#(!2O+2!O+$#!(%,N#! #57:+2#>! %2`! 2O+2! 5+>#! 5#! -#:%#$#! B! 4L1[)! _N+6%2+:(! %,! 2O#!0'%?%,+:`*!!

! B!N07:>!:#+$#!2O+2!-039'%#,>P!&O0!O+>!'#>7N#>!53!(#:9.#(2##5!20!2O#!! (%e#!09!+!6#+!s4t*!B!N07:>!:#+',!20!:0$#!_&#::P!:%;#`!53!s4t!?%,?#'!O+%'a!!

B!N07:>!sIt!:#+',!20!236#P!sIt!50$#!20![0,>0,!+,>!N0,!(05#0,#!%,20!+N27+::3! #56:03%,?!5#*!=#22#'! (2%::P! B! N07:>! (7550,! 2O#! N07'+?#! 20!2O'0&!%,!2O+2! W0-!+,>!sIt!W0%,!+!2#56%,?!+?#,N3P! %,!2O#!$+%,!O06#!09!sQt!:+,>%,?!+!W0-!n!+,3!W0-!n!0,!+!5+?+e%,#*!/,>!&O#,!B!?02!:7N;3!n!&O%NO!-3!(05#!5%'+N:#P!B!>%>!n!B!N07:>!sQt!6#'(7+>#!2O#!I>%20'!20!:#2!5#!&'%2#!2O#!(O066%,?!6+?#P!W7(2!0,N#P!20!sQt!(O0&!O#'!B!N07:>!>0!%2*!_LN2*!USSEh!?%$#,!'*./S(/*#"!+(!/66#,>%d!V`!

HO%(! #>%20'%+:! O+(! 2O#! 90'5! 09! +! (#:9.,+''+2%$#! _+(! >#9%,#>! -3!='7,#'! FZ^\c! FR`!&O#'#! 2O#! ,+''+20'! _%,! 2O%(! N+(#P! D`P! ,+''+2#(! O#'! :%9#! +(! +! (2'7??:#! +?+%,(2! O+'>.(O%6(P!0,:3!20!(7NN##>!%,!2O#!#,>*!HO#!(#:9.,+''+2%$#!09!2O#!?%':!&O0!&+(!20!-#!2O#!#>%20'.%,.NO%#9!O%?O:%?O2(! 2O#! 2O#5#!09!N0,2'0:*!1,:%;#!5#,P!&05#,!(#:>05!N+(2!2O#5(#:$#(!+(!O#'0%,#(!09!2O#%'!0&,!(20'%#(!_40+2#(!USSRc!FRV`!-72!2O%(!0,#!>0#(*!B,! 2O#!#d+56:#!+-0$#P! 2O#!#>%20'! %5%2+2#(!5+:#!N0,2'0:!+,>!N:+%5(!#k7+:!N0,2'0:!90'!O#'(#:9!%,!O#'!(2'7??:#!20!5+;#!O#'!>'#+5!N05#!2'7#*!

HO#!(#:9.,+''+2%$#!9%'(2!%,2'0>7N#(!2O#!2O#5#!09!NO0%N#!20!7,>#':%,#!2O#!%560'2+,N#!09!2O+2!2O#5#!90'!2O#!2O#5#!09!N0,2'0:P!&%2O!&O%NO!%2!%,2#'+N2(*!B2!(2+'2(!+2!+!60%,2!&O#'#!2O#!,+''+20'!O+(!$#'3!:%22:#!_%9!+,3`!N0,2'0:!+,>!50$#(!2O'07?O!+!6'0N#((!09!>#N%(%0,.5+;%,?!20!+!(%27+2%0,!&O#'#!(O#!%(!+-:#!20!5+;#!+!-%>!90'!N0,2'0:*!/2!2O#!(2+'2!09!2O#!(#:9.,+''+2%$#P!2O#!#>%20'!%(!+!307,?!1'0&!&%2O072!+!N:#+'!%>#+!09!O#'!97.27'#h! 2O#! (2+2#5#,2!5+';#>!&%2O! s/t*! 8O#! %(!)U)O. +0"$.K"$/. +"0. (K/. +'0#(. ('$/-.(/00'+'/B.)*B.&"7'*1.'(.)&&.)(.(K/.#)$/.('$/*!HO#!%,2'0>7N2%0,!09!2O#!N063!09!!"#5$"%"&'()*!(#'$#(!+(!+!9%'(2! 27',%,?!60%,2! 20!2O#!(#:9.,+''+2%$#c!(O#!'#N0?,%e#(!O#'!>'#+5!+,>!9%,>(!O#'!?0+:!%,!:%9#!s=t*!D0&#$#'P!2O#'#!+'#!0-(2+N:#(!s4t!%,!O#'!&+3!-02O! %,! 2O#! 90'5!09!+! '#W#N2%0,!-3!+!N0::#?#!09! W07',+:%(5P! 2O#!-:0&! 20!O#'!(#:9.#(2##5!N+7(#>!-3!+!-039'%#,>P!+,>!-0>3!%((7#(!(7NO!+(!O#'!1'*1/0.K)'0*!!

H0&+'>(!2O#!#,>!09!2O#!(#:9.,+''+2%$#!2O#!2O#5#!09!N0,2'0:!%(!%,2'0>7N#>!20!%,2#'+N2!&%2O!2O#!2O#5#!09!NO0%N#*!B2!>#(N'%-#(!2O#!60((%-%:%23!09!N:+%5%,?!N0,2'0:!-3!5+;.%,?!2O#!'%?O2!NO0%N#(!+,>!O0&!2O#!%,(#N7'#!307,?!1'0&!%(!2'+,(90'5#>!%,20!+!&07:>.-#! W07',+:%(2*! D#'! NO0%N#(! sIt! +'#! :%(2#>! %,! 2O#! (2+2#5#,2! D. L",&B. &/)0*. (". (O%/-.$"7/. (".F"*B"*! s&O#'#! 2O#! W0-(!+'#t!+,>!+:(0! %,!O#'!>#N%(%0,! 20! >"'*.). (/$%'*1.)1/*LOV!HO#(#!NO0%N#(!6:+N#!O#'! %,!+!60(%2%0,!&O#'#!(O#!-#?%,(! 20!?'+(6!N0,2'0:!_9`!+(!%,!&)*B'*1.).>"[P!%/0#,)B/.(K/./B'("0!+,>P!9%,+::3P!#K"U.K/0.D.L",&B.B".'(*!!

! 8L().M)#)/*#')!!!V\!

! !

HO#!#>%20'f(!(#:9.,+''+2%$#!%(!+!50>#',!>+3!9+%'3!2+:#!09!0-(2+N:#(!20!-#!0$#'N05#!+,>!6'0-:#5(!20!-#!(0:$#>*!L,#!09!2O#!>+,?#'(!%(!O#'!0&,!%,(#N7'%23P!&O%NO!%::7(.2'+2#(!+!60%,2!5+>#!-3!M+NO%,!+,>!$+,![##7&#,!_USSRc]SR`!+-072!%,(#N7'%23!-#.%,?!0,#!09!2O#!6'0-:#5(!!"#$"!&05#,!O+$#!20!9+N#*!Q7'2O#'50'#P!2O#!+>$#'(%2%#(!09!50>#',!7'-+,!6'09#((%0,+:!:%9#!O+$#!'#6:+N#>!2O#!>+,?#'(!09!2O#!90'#(2!2O'#+2#,.%,?! 8,0&!<O%2#! %,! 2O#! (20'3! -3! 2O#! K'%55! -'02O#'(*! B,! 2O#! 5+,,#'! 09! 8,0&!<O%2#!_+,>!02O#'!9+%'3!2+:#!O#'0%,#(`!2O#!!"#$"!1'0&!O+(!0,:3!O#'!0&,!'#(07'N#.97:,#((!20!'#:3!0,!%,!0'>#'!20!(7'$%$#!+,>!9%,>!+!,#&!:%9#!90'!O#'(#:9*!HO%(!%(P!0,N#!50'#P!%,!:%,#!&%2O!M+NO%,!+,>!$+,![##7&#,!_USSRc!]SR`P!&O0!>#(N'%-#!O0&!2O#!&0':>!09!!"#$"%"&'()*! %(!m9'+7?O2!&%2O!'%(;!+,>!%,(#N7'%23b*!B2!%(!+!&0':>!&O#'#!&05#,!O+$#!0,:3!2O#5(#:$#(!20!'#:3!0,!%9!2O#3!&+,2!20!+NO%#$#!2O#%'!?0+:(P!+50,?!&O%NO!+'#!%,>#6#,>#,N#!+,>!N0,2'0:*!!

HO#! #>%20'%+:! +-0$#! _Id+56:#! V`! N+,! -#! (##,! 20! (#'$#! 2&0! 67'60(#(*!L,#! %(! 20!6'0502#!2O#!%560'2+,N#!09!!"#$"%"&'()*!5+?+e%,#!%,!+!307,?!&05+,f(!:%9#*!HO#!02O#'! %(! 20! +((7'#! 2O#! '#+>#'! 2O+2! (O#P! 200P! N+,!+NO%#$#! 2O#! %>#+:!6#'90'5+,N#!09!!"#$"!1'0&!9#5%,%,%23*!HO#!!"#$"!1'0&!?+%,(!N0,2'0:!+92#'!5+;%,?!2O#!'%?O2!>#N%.(%0,(*!8O#!5+;#(!76!O#'!5%,>!+-072!+!N+'##'!+,>!5+,+?#(!20!2+;#!N0,2'0:!09!O#'!6#'(0,+:!:%9#P!+(!%,!2O#!#>%20'f(!(#:9.,+''+2%$#*!HO%(!+((7'#(!2O#!'#+>#'!2O+2!(O#!&%::!-#!(7NN#((97:!&O#,!6#'90'5%,?!+(!+!!"#$"!1'0&*!B2!%(!+!9+%'3!2+:#!90'!2O#!50>#',P!:%-#'+2#>!4%,>#'#::+!%,!+,!%,>%$%>7+:%(2%N!&0':>P!(O#!&O0!(2'%$#(!20!?+%,!N0,2'0:!%,!:%9#! 2O'07?O!O#'!0&,!k7+:%2%#(h!&%2O!0'!&%2O072! 2O#!O#:6!09P! 90'! %,(2+,N#P!6'09#(.(%0,+:!2'+%,%,?*!<O%:#!%,!2O#!2'+>%2%0,+:!9+%'3.2+:#!2O#!6'%e#!20!-#!&0,!%(!2O#!6'%,N#P!%,!2O#!!"#$"%"&'()*!9+%'3!2+:#!%2!%(!6'09#((%0,+:!(7NN#((*!B,!2O#!#,>P!2O#!072N05#!5+3!-#!+NN0'>%,?!20!2'+>%2%0,c!(O#!5+3!&%,!O#'!6'%,N#P!+(!&#::*!!

HO#! (#N0,>!67'60(#!09! 2O#! #>%20'%+:! %(! 20!7,>#':%,#! 2O+2! %,!0'>#'! 20! (7NN#((97::3!6#'90'5!2O#!!"#$"!1'0&P!2O#!'#+>#'!,##>(!20!'#N0?,%e#!2O#!%560'2+,N#!09!2O#!5+?.+e%,#!+,>!%2(!+>$%N#*!HO#'#90'#P!2O#!#>%20'!N0,(2'7N2(!2O#!'#+>#'!+(!-#%,?!+!6+'2!09!2O#! (3,2O#2%N! (%(2#'O00>! 09!!"#$"h! (O#! NO+2(! 20! O#'! '#+>#'! +,>! (O0&(! O#'! 0&,!$7:,#'+-%:%23!+(!0,#!&07:>!>+'#!20!>0!&%2O!+!9'%#,>!(7NO!+(!%,!)U)O.+0"$.K"$/.+"0.(K/.+'0#(.('$/-.(/00'+'/B.)*B.&"7'*1.'(.)&&.)(.(K/.#)$/.('$/*!_Id+56:#!V`*!HO#!#>%20'!'#N'#+2#(!2O#!+250(6O#'#!09!9#5+:#!9'%#,>(!2+:;%,?!+(!>#(N'%-#>!-3!40+2#(!_FZZVc!\U`*!HO#!#>%20'f(!>'#+5(!09! 2O#!9727'#!+'#!6'#(#,2#>!+(!062%0,(!90'! 2O#!'#+>#'!+(!&#::*!B,>##>P!%,!2O%(!#>%20'%+:!(O#!%,2#'6#::+2#(!2O#!'#+>#'!%,!2O#!(+5#!&+3!&O%NO!(O#! O#'(#:9P! (+3(! (O#P! &+(! %,2#'6#::+2#>! -3! 2O#! +'2%N7:+2%0,! 09! 2O#! %>#+:! 6#'90'.5+,N#!09!+!9#5%,%,%23!%,!!"#$"%"&'()**!HO#!#>%20'!#,N07'+?#(!2O#!'#+>#'!20!2O%,;!2O+2! (O#P! 200P! N+,!-#! (7NN#((97:P! '#?+'>:#((!09! 2'+%,%,?!0'!-+N;?'07,>*!8O#! '#+(.(7'#(!O#'!2O+2!2O#!+,*-!+/)0&/##.)*B.,*)#K)$/B&O.+/$)&/.)%%0")LK!09!2O#!5+?+e%,#!N+,!?%$#!+,!+(6%'%,?!1'0&!$"0/.(K)*.)*O.*,$[/0."+./S)$.%)##/#./7/0.L",&B!_LN2*!USSE`*!M0'#0$#'P! 2O#!+>$%N#!+,>!2O#!+22%27>#!09! 2O#!5+?+e%,#!+'#!N0,(2'7N2#>!+(!

V^!!!8L().M)#)/*#')!

!

50'#! %560'2+,2! 2O+,! #>7N+2%0,*! HO%(P! 2'+>%2%0,+::3P! %(! +! 6'060(%2%0,! 2O+2! 50(2!2#+NO#'(!&07:>!-#!6'#6+'#>!20!N0,2#(2*!

Q7'2O#'50'#P!2O#!#>%20'%+:!(7??#(2(!2O+2!2O#!N0,2'0:!09!2O#!!"#$"!1'0&! %(!,02!:%5.%2#>!20!0,#!+(6#N2!09!:%9#!0,:3*!40,2'0:!N+,!-#!#d#'2#>!%,!0,#f(!6'09#((%0,+:!:%9#!+(!&#::!+(!%,!0,#f(!6#'(0,+:!:%9#*!B,!2O%(!'#(6#N2!(O#!>0#(!,02!N056:3!&%2O!2O#!6'0-.:#5.(0:72%0,!(NO#5+!09!M+NO%,!+,>!$+,![##7&#,!_USSRc!]S]`P!&O0!,02#>!2O+2P!%,!2O#!!"#$"!1'0&P!2+;%,?!N0,2'0:!0'!2+;%,?!2O#!%,%2%+2%$#!%(!m+:50(2!%,$+'%+-:3b!'#:+2.#>!20!(#d7+:!6'0-:#5(*!

B,!(O0'2c!2O#!#>%20'%+:!2#::(!2O#!'#+>#'!2O+2!&O#,!(O#!5+;#(!2O#!NO0%N#!20!-#!+!'#+>.#'!09!!"#$"%"&'()*P! (O#!&%::!-#,#9%2! 9'05! 2O#!+>$%N#!09! 2O#!5+?+e%,#!+,>! :#+',!O0&!20!-#!+!!"#$"!1'0&*!HO#!!"#$"!1'0&!5+;#(!2O#!'%?O2!NO0%N#(!&O%NO!?%$#!O#'!N0,2'0:*!<%2O! 2O%(!60(%2%0,!09!N0,2'0:!N05#(!(7NN#((P!+,>!2O#! %,N05#!&O%NO!&%::!#,+-:#!O#'!20!6#'90'5!2O#!!"#$".1'0&!9#5%,%,%23*!8O#!%(P!+2!:+(2P!%,>#6#,>#,2*!!

HO%(!(7-NO+62#'!O+(!>#+:2!&%2O!2O#!'#6#'20%'#!09!%,>#6#,>#,N#!+,>!2O#!2O#5#(!2O+2!'#N7'!20!90'5!%2c!NO0%N#!+,>!N0,2'0:*!B2!(O0&#>!2O+2!2O#!67'60(#!09!2O%(!'#6#'20%'#P!&O%NO!&+(!9'#k7#,2!%,!2O#!#>%20'%+:(P!&+(!20!>#(N'%-#!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$". 1'0&! 9#5%,%,%23*! B2! +:(0! (O0&#>! 2O+2! 2O#! '#6#'20%'#! O+>! 2&0! 97,N2%0,(c! %2!N0,(2'7N2#>!+,>!6'0502#>! 2O#!5+?+e%,#f(! %N0,P! 2O#!!"#$".1'0&P! +,>! %2!6'0$%>#>!2O#!'#+>#'!&%2O!%,(2'7N2%0,(!90'!O0&!20!N:+%5!2O#!(+5#!5+,,#'!09!6#'90'5+,N#!90'!O#'(#:9P!&O%:#! +2! 2O#! (+5#! 2%5#! '#+((7'%,?! O#'! 2O+2! (O#! O+(! 2O#! +-%:%23! 20! >0! (0*!Q'05!2O%(!'#6#'20%'#!&#!:#+',!2O+2!+NO%#$%,?!%,>#6#,>#,N#!%(!5+%,:3!+-072!5+;.%,?!2O#!N0''#N2!NO0%N#(!+,>!9%,>%,?!2O#!'%?O2!(0:72%0,!90'!O0&!20!-#!%,!N0,2'0:*!

E*U! HO#!C:#+(7'#(!09!2O#!!"#$".4'0&.

/6+'2!9'05!2O#!'#6#'20%'#!09!%,>#6#,>#,N#P!2O#'#!&+(!+,02O#'!6'05%,#,2!'#6#'20%'#!%,!2O#!#>%20'%+:(!>#(N'%-%,?!2O#!6:#+(7'#(!&O%NO!+'#!6+'2!09!2O#!%>#+:!6#'90'5+,N#!09!!"#$".1'0&! 9#5%,%,%23*!HO%(!'#6#'20%'#!09!%&/)#,0/! (7660'2(! 2O+2!09! %,>#6#,>.#,N#!%,!2O+2!%2!:#?%2%5%e#(!2O#!'%?O2!09!2O#!!"#$"!1'0&!20!90N7(!0,!O#'(#:9*!B2!W7(2%.9%#(!+!:%9#(23:#!&O#'#!(#:9%(O,#((!%(!+NN#62+-:#!+,>!>#(N'%-#(!O#'!#,W035#,2!09!O#'!:%9#!(%27+2%0,P!2O#!6:#+(7'#!(O#!>#'%$#(!9'05!:00;%,?!?00>!+,>!&0';%,?!20!+NO%#$#!(#:9.N0,9%>#,N#P! +,>! 2O#! 6:#+(7'#! (O#! N+,! >#'%$#! 9'05! (7NN#((*! HO#! '#6#'20%'#!>#+:(!&%2O!2O#!(07'N#(!9'05!&O%NO!2O#!!"#$"!1'0&!N+,!>#'%$#!6:#+(7'#c!+!N05-%,+.2%0,!09!%55+2#'%+:!+,>!5+2#'%+:!0,#(*!805#!%55+2#'%+:!(07'N#(!09!6#'(0,+:!6:#+(.7'#!+'#!O#'!+N2%$%2%#(P!#,W035#,2!9'05!O#'!+66#+'+,N#!+,>P!2O%'>:3P!6:#+(7'#!9'05!(7NN#((*!805#!5+2#'%+:! (07'N#(!+'#! 907,>! %,! 2O#!+NN#((0'%#(!+((0N%+2#>!&%2O!O#'!6'#(#,2+2%0,! 09! O#'(#:9P! 0'! 2+,?%-:#! 20;#,(! 09! (7NN#((*!HO%(! (7-NO+62#'!&%::! >#+:!&%2O!2O#!2O#5#(!&O%NO!90'5!2O#!'#6#'20%'#!09!6:#+(7'#c!2O#!'%?O2!20!#,W03!&O+2!307!

! 8L().M)#)/*#')!!!VZ!

! !

+'#!>0%,?P!2O#!'%?O2!20!%,$#(2!%,!5+;%,?!307'(#:9!:00;!?00>P!+,>P!9%,+::3P!2O#!'%?O2!20!NO#'%(O!(7NN#((*!!

/::!2O'##!2O#5#(!90'5%,?!2O#!'#6#'20%'#!09!6:#+(7'#!+'#!'#9#'#,N#(!20!#502%0,!+,>P!%,>%'#N2:3P!+:(0!>#(N'%62%0,(!09!(2+2#(!+,>!0-W#N2(! 2O+2!&%::!?%$#!307P!0'!+'#!$#O%.N:#(!20&+'>(P!+NO%#$%,?!6:#+(7'#*!HO#(#!'#9#'#,N#(!%,N:7>#!#502%0,+:!N:%NO|(!(7NO!+(!O",.&"7/!_Id+56:#!\h!%,2'0>7N#>!-#:0&`P!K)%%'*/##P![)&)*L/.'*.&'+/.(K)(.$)]/#.(K/$. (0,&O.L"*(/*(! _Id+56:#!^`P!K,00)Kc! _Id+56:#!Z`P!/*>"OP! +//&.K/)&(K'/0! _Id.+56:#! FS`! +,>! 10/)(. /S%/0'/*L/! _Id+56:#! FF`*! /:(0P! 6:#+(7'#! %(! '#9#''#>! 20!2O'07?O!2O#!>#(N'%62%0,(!09!#$#,2(!0'!0-W#N2(P!#,>0&%,?!2O#5!&%2O!N#'2+%,!NO+'+N.2#'%(2%N(! (7NO!+(! +&)((/0'*1.%)0(O.",(+'(#! s+,>t! (0'L]#. +"0.1/(('*1. 0/B.L)0%/(. 0/)BO!_Id+56:#!\`*!HO#!90'5#'!#d6'#((%0,!+((#((#(!2O#!>'#((c!%2!%(!m9:+22#'%,?b*!HO#!:+2.2#'!%(!7(#>!%,!+!N056+'+2%$#!(#,(#!20!(2'#,?2O#,!m'#+>3b!'#9#''%,?!20!2O#!%5+?#!09!N#:#-'%2%#(!&+:;%,?!2O#!m'#>!N+'6#2b!20!+!'#N#62%0,!0'!+,!06#,%,?!,%?O2*!I$#,!+!>%#2!N+,!-#!+!(07'N#!09!6:#+(7'#!+,>!,02!+!O+'>(O%6P!:%;#!",0.@)%%O.W'/(!_Id+56:#!FS`*!B,>##>P! 2O#!>%#2! :+-#::#>!mO+663b!&%::!,02!n!7,:%;#!02O#'!>%#2(P!09!N07'(#!n!-#!+!O+'>(O%6*!

`V9V;. _/0#"*)&._&/)#,0/.

HO#!2O#5#!09!6#'(0,+:!6:#+(7'#!'#9#'(!20!2O#!!"#$"!1'0&!9%,>%,?!#,W035#,2!%,!90.N7(%,?! 0,! O#'(#:9! +,>! O#'! 0&,! (+2%(9+N2%0,*! HO#! 2O#5#! 09! 6#'(0,+:! 6:#+(7'#!#$0:$#(! +'07,>! 6+'23%,?P! 6'#6+'+2%0,(! 90'! 6+'23%,?P! +,>! N0,(75#'%(5! -72! +:(0!+'07,>!O+66%,#((!+,>!-+:+,N#!%,!:%9#*!HO#5#(!09!6#'(0,+:!6:#+(7'#!+'#!907,>P!90'!%,(2+,N#P!%,!2O#!90::0&%,?!6+((+?#*!

_\`!! s***t! +::! 2O#! 2O%,?(!307! :0$#!+-072! 2O#!6+'23! (#+(0,P!&%2O072!+! p67::! +!! N'+N;#'f! %,! (%?O2a!HO#'#!+'#!,0! 27';#3(!0'! 2%,(#:!O#'#!n! W7(2! 2O#!$#'3!! -#(2!09!2O#!2O%,?(!307!:0$#!!"#$"!90'*!8#d3P!+990'>+-:#!+,>P!50(2!09!! +::P! 9:+22#'%,?! 6+'23! 0729%2(! 90'! #$#'3! -7>?#2! +,>! -0>3! (O+6#h! 9%$#.! 5%,72#!+92#'.&0';!5+;#0$#'(!307!N+,!>0!+2!307'!>#(;!+,>!N#:#-'%23!! 2%6(!+,>!2'%N;(!90'!?#22%,?!'#>.N+'6#2!'#+>3!s***t._)#N*!USSE`*!

HO#!2O#5#!%(!907,>!%,!2O#!>#(N'%62%0,(!09!O0&!2O#!!"#$"!1'0&!#,W03(!2O#!_4O'%(2.5+(`!6+'23!(#+(0,!+,>!2O#!+,2%N%6+2%0,!09!%2h!(O#!&"7/#!4O'%(25+(!2%5#*!B2!6'0502#(!2O#!7(#97:,#((!09! 2O#!5+?+e%,#*!D0&#$#'P! 2O#! 2O#5#!+:(0!#$0;#(!+!&%::! 20!+$0%>!2'+>%2%0,+:!(#+(0,f(!+22'%-72#(!+(!%,!*".(,0]/O#."0.('*#/&.K/0/V!@0-0>3!&+,2(!20!-#!0:>.9+(O%0,#>h!&#!:%$#!%,!50>#',!2%5#(*!M0'#0$#'P!2O0(#!2'+>%2%0,+:!%,?'#>%#,2(!09!4O'%(25+(!&#'#!$#'3!57NO!9+5%:3.N#,2'#>P!7(7+::3!6'#6+'#>!-3!2O#!O07(#&%9#!0'!m575b*!HO%(!6+((+?#!5%?O2!+:(0!-#!'#+>!+(!+!O%,2!09!2O#!!"#$".1'0&!-#%,?!%,>%.$%>7+:%(2%Nh! (O#! >0#(! ,0! :0,?#'! O+$#! 20! +NN#62! 2O#!5+((.6'0>7N#>! _+,>! NO#+6r`!

\S!!!8L().M)#)/*#')!

!

+22'%-72#(! 09! 4O'%(25+(h! {(O#! %(! +::0&#>! 20! :#+$#! O05#! +,>! 2+;#! O#'! 0&,! >#N%.(%0,({P! ?0! 6+'23%,?!&O%NO! %(! (0! 9+'! 9'05! 2O#! 0:>! 2%5#(! +,>! N7(205(*!M0'#0$#'P!#,W035#,2! %(! #$0;#>! %,!+! '#9#'#,N#! 20!N0,(7562%0,h!%)0(O.",(+'(#! +'#! s(t/SO.+,>!+&)((/0'*1*!8O#!%(!+::0&#>!20!>'#((!%,!+!&+3!&O%NO!&07:>!O+$#!2'+>%2%0,+::3!5#+,2!'+%(#>!#3#.-'0&(!+,>!(6#,>!50,#3!%,!+!&+3!2O+2!5+;#(!O#'!:00;!+,>!9##:!?00>*!B,!(6%2#!09!2O#!%,>%$%>7+:%(5!09!2O#!!"#$".1'0&P!O#'!(+:+'3!5+3!,02!+::0&!90'!+,!#d.6#,(%$#! $#'(%0,! 09! %,>%$%>7+:%(5h! 2O#!%)0(O. ",(+'(#! +'#! +:(0. )++"0B)[&/*! HO%(! #,.N07'+?#(! 2O#! +::! 307,?!&05#,P! '#?+'>:#((! 09! (+:+'3! :#$#:P! 20! (##! 2O#5(#:$#(! +(!%,N:7>#>!%,!2O#!N%'N:#!09!!"#$".1'0&#h!50,#3!&%::!,02!-#!+,!0-(2+N:#*.Q%,+::3P!2O#!2O#5#! 09! #,W035#,2! %(! 907,>! %,! 2O#! '#9#'#,N#! 20! 6+'23! 6'#6+'+2%0,(! +(! %,! +'7/5$'*,(/.)+(/05U"0].$)]/"7/0#.O",.L)*.B".)(.O",0.B/#].)*B.L/&/[0'(O.('%#.)*B.(0'L]#.+"0. 1/(('*1. 0/B5L)0%/(. 0/)BO*!HO%(! (7??#(2(! 2O+2! +92#'! +! :0,?!>+3! +2!&0';! _%,! +,!099%N#P!-3!307'!>#(;h!,02!+2!2O#!NO#N;.072!09!+!(76#'5+';#2`P!307!>0!,02!,##>!20!-#!+!6'09#((%0,+:!N0(5#20:0?%(2P!,0'!>0!307!,##>!57NO! 2%5#P! 20! 2'+,(90'5!307'(#:9!%,20! +! 9%:5! (2+'! _(7660(#>:3! 307'! %>0:(P! +:2O07?O! 2O#3!5+3! 7(#!50'#! #d6#,(%$#!-'+,>(!09!N0(5#2%N(`*!HO#!2O#5#!09!6:#+(7'#!(7??#(2(P!2O7(P!(#:9.%,>7:?#,N#*!B2!%(!N0,(2'7N2#>! +(! 2O#! '%?O2! 20! >0!&O+2! 6:#+(#(! 307! +,>!5+;#(! 307! :00;! 307'! -#(2P!2+;%,?!>%(2+,N#!9'05!2'+>%2%0,+:!N7(205(!+,>!,02!-#%,?!200!N0,(2'+%,#>!-3!50,#3!+,>!2%5#!6'0-:#5(*!!

/,02O#'!2O#5#!'7,,%,?!6+'+::#:!20!2O#!2O#5#!09!6#'(0,+:!6:#+(7'#!%(!2O+2!09!(#d7+:!6:#+(7'#P! 0'! +2! :#+(2! 2O#! +,2%N%6+2%0,! 09! %2*! HO#! '#9#'#,N#(! 20! #/SO! +,>! +&)((/0'*1!N:02O#(!%,>%N+2#!+!67'60(#!09!2O#!!"#$"!1'0&f(!+(6%'+2%0,(P!&O%NO!%(!9%,>%,?!+!6+'2.,#'*!82%::P!+(!+!50>#',!&05+,P!(O#!5+3!-#!+%5%,?!90'!+!:0,?.2#'5!'#:+2%0,(O%6!0'!W7(2!(05#-0>3!&%2O!&O05!20!6+'23!+,>!O+$#!(#d!&%2O*!@#$#'2O#:#((P!%2!+::!,##>(!6'#6+'+2%0,(!90'!2O#!%>#+:!6#'90'5+,N#!09!2O#!9#5%,%,%23!09!O#'!NO0%N#!_0'P!+2!:#+(2P!(O#!%(!5+>#!20!-#:%#$#!%2!%(!+!NO0%N#`*!

HO#! N0,2#d2! 09! 2O#! 2O#5#! 09! 6#'(0,+:! 6:#+(7'#! %(! +! :%9#(23:#!&O%NO! 6'#(7660(#(!N0,(75#'%(5*!HO#!,#N#((%23!09!N0,(75%,?P!'#?+'>:#((!09!0,#f(!_:0&`!:#$#:!09!%,.N05#P! %(!'#9#''#>!20!%,!2O#!#d6'#((%0,!%)0(O.",(+'(#.+"0./7/0O.[,B1/(*!HO#!!"#$"!1'0&! ,##>(! 20! N0,(75#! -#+723! 6'0>7N2(P! N:02O#(! +,>! +NN#((0'%#(! %,! 0'>#'! 20! 9##:!?00>!+-072!O#'(#:9*!/(!(7??#(2#>!-3!2O#!5+?+e%,#P!2O#(#!6'0>7N2(!+'#!&%2O%,!#$#.'3-0>3f(!'#+NOP!+,>P!#$#'3-0>3!%(!(7660(#>!20!,##>!+,>!&+,2!2O#5*!HO0(#P!+(6%'.%,?!20!m,+27'+:!:00;(b!0'!&0''%#>!+-072!O+'597:!(7-(2+,N#(!%,!N0(5#2%N(!0'!2O#!7(#!09!NO%:>!:+-07'!%,!9+N20'%#(!&O#'#!2O#!9+(O%0,+-:#!_+990'>+-:#`!0729%2(!+'#!5+>#!+'#!#dN:7>#>!9'05!2O#!(%(2#'O00>!09!!"#$".1'0&#*!

HO#'#!%(P!O0&#$#'P!+:(0!+!2O#5#!09!6#'(0,+:!6:#+(7'#!2O'07?O!O+66%,#((*!HO#'#!+'#!2%5#(!&O#,!2O#!!"#$"!1'0&!&%::!6+7(#!20!+(;!O#'(#:9!%9!(O#!%(!5+;%,?!2O#!-#(2!09!O#'!:%9#P!+(!90'!%,(2+,N#P!%,!2O#!90::0&%,?!6+((+?#*!

! 8L().M)#)/*#')!!!\F!

! !

_^`!! s***t!B!O+$#!:%(2#,#>!20!9'%#,>(P!9+5%:3P!#$#,!6#06:#!Bz$#!0,:3!W7(2!5#2P!! 2+:;%,?! +-072! O+66%,#((*! L'P!50'#! (6#N%9%N+::3P! 9%,>%,?! +! -+:+,N#! %,!! :%9#! 2O+2!5+;#(! 2O#5! 2'7:3!N0,2#,2*!)0,z2!&0''3P! Bz5!,02!O#+>%,?! 90'!! 2O#!,#+'#(2!90'#(2!20!?0!+,>!O7?!+!2'##P!-72!B!>0!2O%,;!2O#'#z(!N7''#,2:3!! +!500>! +'07,>! 2O+2!5+;#(! 7(! (206! +,>! 2O%,;! +-072! :%9#! +,>!&0,>#'!! &O#2O#'!&#!+'#!?#22%,?! 2O#!-#(2!072!09! %2! 2O+2!&#!60((%-:3!N+,*! _M+3!! USSE`*!

HO#! 2O#5#! %(! 907,>! %,!#d6'#((%0,(! (7NO!+(!K)%%'*/##! +,>![)&)*L/. '*. &'+/!&O%NO!:#+>(! 20! +! 9##:%,?!09! -#%,?! (0,&O. L"*(/*(V! B2! '#9#'(! 20! 2O#!!"#$"!1'0&! 9##:%,?! 2O#!,##>!20!9%,>!+!-+:+,N#!+:(0!%,!O#'!%,!:%9#!+,>!2O#!5+?+e%,#!+((7'#(!O#'!2O+2!(O#!%(!,02!+:0,#!%,!2O%(h!(K/0/b#.L,00/*(&O.).$""B.)0",*B*!B,!(O0'2P!:00;%,?!90'!O+66%,#((!%(!+!2'#,>*!@+27'+::3P!2O#!!"#$"!1'0&!&+,2(!90::0&!2'#,>(*!HO'07?O!2O#!2O#5#!(O#!%(!+:(0!6'0$%>#>!&%2O!+!(7??#(2%0,!+-072!O0&!20!+NO%#$#!O+66%,#((*!HO#!2O#5#!%(!6'#(#,2!%,!2O#!%,(2'7N2%0,!#,N07'+?%,?!O#'!20!#("%.)*B.(K'*].)[",(.&'+/.)*B.U"*B/0.UK/(K/0.U/.)0/.1/(('*1.(K/.[/#(.",(."+.'(.(K)(.U/.%"##'[&O.L)*V!B,>##>P!&O#,!(O#!6+7(#(! 20! (N'72%,%e#! O#'(#:9P! (O#!5+3! 9%,>! 2O+2! (O#! >#'%$#(! 6:#+(7'#! 9'05! 02O#'!2O%,?(! 2O+,! #:+-0'+2%,?! 0,! O#'! 6#'90'5+,N#h! 2O#'#!5+3! -#! #$#,!50'#! 6'0907,>!6:#+(7'#!&+%2%,?!90'!O#'!+92#'!+!NO+,?#!%,!O#'!+22%27>#!20!:%9#*!@##>:#((!20!(+3P!2O#!5+?+e%,#!+72O0'%e#(!NO+,?#!+(!:0,?!+(!%2!>0#(!,02!%,9'%,?#!0,!2O#!6#'90'5+,N#!09!2O#!!"#$".1'0&! 9#5%,%,%23!n!0'!O#'!N0,(7562%0,*!HO#!+-0$#!6+((+?#!'#9#'(!+:(0P!%,2#'#(2%,?:3P!20!N0(2.9'##!+:2#',+2%$#!(07'N#(!09!O+66%,#((P!'#6'#(#,2#>!O#'#!-3!2O#!mO7??%,?!09!2'##(b!&O%NO!%(!+:50(2!:%;#!-#:%#$%,?!%,!-:+N;!5+?%N*!HO#!-+:+,N#!+,>!O+66%,#((!+'#!072(%>#!2O#!,02.(0.9+(O%0,+-:#P!N0(2.9'##!&+3(!09!:%9#P!90'!#d+56:#P!%,!(6#,>%,?!50,#3!0,!307'!:00;(!_307!+'#!(2%::!307,?`!+,>!307'!+66#+'+,N#!_307!N+,!5+;#! 307'(#:9! :00;! ?00>! #$#,! 0,! +! :0&!-7>?#2`*!<O+2! 307!&+,2! 9'05! :%9#!>0#(!,02!%,N:7>#!6'0-:#5(!2O+2!N+,,02!-#!(0:$#>P!(7NO!+(!600'!#>7N+2%0,!+,>!7,.#56:035#,2P!O05#:#((,#((P!'+N%(5P!>%(+-%:%2%#(!#2N*!

`V9V9. F""]#.

HO#5#(!09!6:#+(7'#!+:(0!#$0;#! 2O#! %5+?#!09! 2O#!!"#$"!1'0&! 9%,>%,?!6:#+(7'#! %,!:00;%,?! ?00>! +,>! O+$%,?! -0>3! N0,9%>#,N#*! HO#! 2O#5#! 09! 6:#+(7'#! %,! :00;(! '#.$0:$#(! +'07,>! -0>3! &0';! +,>! -#+723! &0';P! &O%NO! +'#! 2O#5(#:$#(! (07'N#(! 09!6:#+(7'#*!HO%(! 2O#5#! %(!N:0(#:3! %,2#'2&%,#>!&%2O! 2O#! 2O#5#!09!6#'(0,+:!6:#+(7'#*!HO#!2O#5#!09!6:#+(7'#!%,!:00;(!%(!907,>P!90'!%,(2+,N#P!%,!2O#!90::0&%,?!6+((+?#*!

_Z`. Q%,+::3P! %2z(! O0:%>+3! 2%5#! _O7''+Oa`! (0! ,0&z(! 2O#! NO+,N#! 20! '#:+d! +,>!#,W03! 0,#! 09! 2O#! O%?O:%?O2(! 09! 2O#! 3#+'*!"#+>! 07'! +>$%N#! 0,! ?#22%,?!-#+NO!-0>3!N0,9%>#,N#P!(0!307!N+,!#,W03!307'!-#(2!(755#'*!C:7(P!07'!

\U!!!8L().M)#)/*#')!

!

9+(O%0,!2#+5!O+(!2'%#>!0,!W7(2!+-072!#$#'3!(&%5(7%2!+,>!-%;%,%!0,!2O#!O%?O!(2'##2P!(0!2O#'#!<B[[!-#!0,#!20!(7%2!307!.!6'05%(#*._G7,#!USSE`*!

HO#!2O#5#!%(!907,>!%,!2O#!#d6'#((%0,(!0/&)S.)*B./*>"OP!1/(('*1.[/)LK.["BO.L"*+'5B/*L/! +,>!/*>"O. O",0. [/#(. #,$$/0*! HO#!!"#$"!1'0&! #,W03(!&0';%,?! 20! +NO%#$#!-#+NO!-0>3!N0,9%>#,N#!+,>!+,2%N%6+2#(! 2O#!6:#+(7'#!09!O+$%,?! '#+NO#>!O#'!?0+:*!L,:3!&O#,!(O#!O+(!+NO%#$#>!-#+NO!-0>3!N0,9%>#,N#!N+,!(O#!'#:+d!+,>!#,W03!O#'!O0:%>+3*!E/&)S.)*B./*>"O!+,>!/*>"O.O",0.[/#(.#,$$/0!N07:>!+:(0!-#!7(#>!20!%::7(.2'+2#!2O#!2O#5#!09!6#'(0,+:!6:#+(7'#*!D0&#$#'P!%,!2O%(!N0,2#d2P!%2!%(!7,>#'(200>!20!5#+,!#,W035#,2!0,N#!-0>3!N0,9%>#,N#!O+(!-##,!+NO%#$#>*!!

HO#!'#+>#'!%(!?%$#,!(6#N%9%N!%,(2'7N2%0,(!+-072!2O#!5#+,(!09!+NO%#$%,?!2O#!+-0$#!?0+:(*! HO#! 2O#5#! 09! 6:#+(7'#! %,! :00;(! %(! +:(0! 6'#(#,2! %,! 2O#! #d6'#((%0,! /7/0O.#U'$#,'(.)*B.[']'*'.s***tP!#".(K/0/.MDFF.[/."*/.(".#,'(.O",.5.%0"$'#/*!HO#!!"#$"!1'0&!N+,!%5+?%,#!O#'(#:9!&%2O!-#+NO!-0>3!N0,9%>#,N#!+,>!:00;%,?!?00>!%,!+!6+'.2%N7:+'!-+2O%,?!(7%2*! B,>##>P! 2O%(! %(!&O+2!D#'5#(! _FZZ]c!RZ`! %,!O#'! '#(#+'NO! %,20!'#+>#'!'#(60,(#!N+::#>!m+!2#560'+'3!9+,2+(3!09!+,!%>#+:!(#:9bh!+!'#+>#'!%5+?%,%,?!O#'(#:9!+(!2O#!6#'9#N2!6#'(0,!&%2O!:00;(!0'!(;%::(!>#(N'%-#>!%,!+!5+?+e%,#*!D#'#!2O#!#>%20'(! N'#+2#! 2O#! 9+,2+(3!+,>!099#'! %2! '#+>3.5+>#! 20! 2O#! '#+>#'*!HO#,!O#'!-0>3P!>'#((#>!0,:3!%,!+!(&%5(7%2!0'!+!-%;%,%P!&%::!-#!+-:#!20!:%$#!76!20!$#'3!N:0(#!(N'72%.,3! %,>##>*! /:2#',+2%$#:3P! 2O#'#! %(! +! N0,>%2%0,! +22+NO#>! 20! O#'! #,W035#,2! 09! O#'!O0:%>+3P!&O%NO!(O#!?'##2(!&%2O!+!NO##'P!+(!%,!2O#!#d+56:#!+-0$#*!HO#!N0,>%2%0,!%(P!2O+2!(O#!&%::!,02!-#!+-:#!20!'#:+d!+,>!#,W03!O#'!(755#'!-#90'#!(O#!O+(!6#'90'5#>!2O#!,#N#((+'3!&0';!0,!O#'!-0>3!+,>! %,! 2O%(!6'0-:#5P! 2O#!5+?+e%,#!6'05%(#(! 20!O#:6!O#'*!!

/NO%#$%,?!6:#+(7'#!%,!:00;(!+,>!-0>3!N0,9%>#,N#!>0#(!,02!0,:3!'#k7%'#!+NN#((0.'%#(!-72!+:(0!+!6#'9#N2!-0>3P!&O%NO!5#+,(!>%#2%,?*!HO%(!%(!'#9#''#>!20!%,!2O#!90::0&.%,?!6+((+?#*!

_FS`. B!O06#!307!#,W03!2O#!#dN:7(%$#!U^.>+3!>%#2!&#z$#!2+%:0'#>!20!5##2!307'!! %,>%$%>7+:! ,##>(! _6VZ`! &%2O! O#:6! 9'05! 4O+56,#3(! D#+:2O! "#(0'2(*!! l07!&'02#! +,>! 20:>! 7(! 307! ,##>#>! +! k7%N;P! (%56:#! >%#2! 20! O#:6! 307!! #%2O#'!:0(#!&#%?O2!0'!W7(2!9##:!O#+:2O%#'P!(0!&#!N+5#!76!&%2O!07'!D+6.! 63!)%#2*!HO%(!#+(3!#+2%,?!6:+,!(O07:>!2+;#!307!2O'07?O!2O#!3#+'!&%2O.! 072! (0! 57NO! +(! O+$%,?! 20! N07,2! +! (%,?:#! N+:0'%#! +,>! &%::! ?%$#! 307!! :0+>(!50'#!#,#'?3*!B!2O%,;!&#!N+,!?7+'+,2##!+!O+66%#'!+,>!(#d%#'!,#&!! 307!%,!2%5#!90'!T+:#,2%,#z(!)+3!s***t._Q#-*!USSE`*.

HO#!!"#$".1'0&!,##>(!O#:6!&%2O!+22+%,%,?!+,!%>#+:!-0>3P!&O%NO!&%::!?%$#!O#'!N0,.9%>#,N#!%,!2O#!&+3!O#'!-0>3!:00;(*!8O#!O+(!+!6'0-:#5!+,>!2O#!5+?+e%,#!099#'(!+!(0:72%0,P!+!>%#2!&O%NO!&0';(!:%;#!+!5%'+N:#c!(O#!&%::!:0(#!&#%?O2!&%2O072!+,3!#9.

! 8L().M)#)/*#')!!!\R!

! !

90'2!0,!O#'!6+'2*!H0!2O#!5+?+e%,#P!?%$%,?!+>$%N#!+-072!>%#2%,?!5+3!-#!+!N0,2'0$#'.(%+:!%((7#!+2!+!2%5#!+,>!%,!(0N%#23!&O#'#!&#%?O2!N0,(N%07(,#((!O+(!-##,!60:+'%e#>!-#2&##,P!0,!2O#!0,#!O+,>P!0-#(%23!+,>P!0,!2O#!02O#'!O+,>P!#+2%,?!6'0-:#5(!(7NO!+(!+,0'#d%+!+,>!-7:%5%+*!HO7(P!2O#!5+?+e%,#!N+'#97::3!6:+N#(!2O#!2O#5#!09!>%#2%,?!%,!2O#! N0,2#d2! 09! (#:9.N0,9%>#,N#*! B2! >0#(P! O0&#$#'P! +:(0! (7660'2! 2O#! %>#0:0?%N+:!N05-%,+2%0,!09!(#:9.N0,9%>#,N#!+,>!+!(:%5!-0>3P!+,>!+>>%2%0,+::3!5+;#(!%2!%56:%N.%2:3!N:#+'! 2O'07?O072! 2O#!$%(7+:!%5+?#(!_(2+'2%,?!9'05!2O#!N0$#'`!2O+2!2O#!(2+'2%,?!60%,2! 90'! >%#2%,?! %(! ,02!0-#(%23*! B2! +:(0!6'0502#(! >%#2%,?! _#990'2:#((!&#%?O2! :0((`!0$#'P! 90'! #d+56:#P! O#+:2O%#'! #+2%,?! O+-%2(! _7,:#((! 2'#,>3`! +,>! #d#'N%(#! _7,:#((!2'#,>3`*!HO#'#!&%::!-#!,0!'7,,%,?!%,!2O#!&00>(!%,!+,!0:>!2'+N;(7%2*!

HO#!2O#5#!09!6:#+(7'#!%,!:00;(!%(!97'2O#'!#:+-0'+2#>!0,!%,!2O#!#d6'#((%0,(!&O%NO!#$0;#!2O#!6:#+(7'+-:#!'#(7:2(!09!>%#2%,?h!JK'#./)#O./)('*1.%&)*! s***t!U'&&.1'7/.O",.&")B#.$"0/./*/01O!+,>!2O#!'#(7:2!&%::!-#!).K)%%'/0.)*B.#/S'/0.*/U.O",*!HO#!!"#5$"!1'0&!5+3!,02!-#!6'#6+'#>!20!N055%2! 20!+!(#'%07(!:0,?.2#'5!(NO#5#!09! :0(%,?!&#%?O2*!HO#'#90'#P! 2O#!5+?+e%,#!#,N07'+?#(!O#'! 20! 2'3!+!k7%N;!+,>P! (7660(#>:3P!2+%:0'.5+>#!>%#2!&O%NO!%(!:+-#::#>!@)%%O*!HO#!,+5#!(7??#(2(!2O+2!(O#!&%::!,02!9##:!2O+2!2O%(!6+'2%N7:+'!>%#2!%(!O+'>!20!90::0&!+,>!+(!+!'#(7:2!(O#!&%::!9##:!O#+:2O%#'!+,>!#/S'/0*!L,N#!+?+%,P!+!&05+,f(!6#'90'5+,N#!%(!:%,;#>!20!2O#!(O+6#!09!O#'!-0>3P!+(!M+NO%,!q!HO0',-0''0&!_USSVc!F^U`!60%,2!072*!M0'#0$#'P!2O#'#!%(!+?+%,!2O#!(7?.?#(2%0,!2O+2!(O#!&%::!+22'+N2!2O#!?+e#!09!5#,!+(!(O#!%(!7,:%;#:3!20!&+,2!20!9##:!(#d%.#'!%,!2O#!N056+,3!09!02O#'!&05#,*!HO#!(#d7+:%23!09!2O#!!"#$".1'0&!%(!2%#>!20!2O#!0660(%2#!(#d!0,:3P!+,>!O#2#'0(#d7+:%23!%,!O#'!&0':>!%(!+,!+-(0:72#!,0'5*!!!

`V9VP. C,LL/##.

HO#! 2O#5#(! 09! (7NN#((! +,>! 2O#! %55+2#'%+:! +,>!5+2#'%+:! 6:#+(7'#(! >#'%$#>! 9'05!(7NN#((! +'#! 6'05%,#,2! %,! 2O#! '#6#'20%'#! 09! 6:#+(7'#*!HO#!!"#$"!1'0&! 9%,>(! ?'#+2!6:#+(7'#!%,!#d6#'%#,N%,?!(7NN#((*!87NN#((!%(!6#'N#%$#>!+(!#d7-#'+,2!+,>!#,#'?%e.%,?!+,>!:7d7'%07(:3!%,20d%N+2%,?P!%2!%(!2O#!6:#+(7'#!09!+!>'#+5!97:9%::#>*!HO#!2O#5#!09!(7NN#((! '#$0:$#(!+'07,>!6'09#((%0,+:!N056#2#,N#!+,>! 2O#!$%(7+:!6#'90'5+,N#!&O%NO!>%(6:+3(! 2O#!+22'%-72#(!09! 2O#! 2O#5#*!HO#! 2O#5#! %(! 907,>! %,! 2O#! 90::0&%,?!6+((+?#*!!

_FF`! /,>!07'!?%':(!>%>!+!(76#'.%56'#((%$#!W0-P!#+NO!09!2O#5!27',#>!072!%,!(#d3!6%,(2'%6#!(7%2(P! :00;%,?!:%;#!50>#',!>+3!!K)0&'/b#.8*1/&#!>#:%$.#'%,?!?'#+2!+>$%N#!90'!2O#!&O0:#!09!2O#!18!20!O#+'*!{B2!&+(!+!?'#+2!#d.6#'%#,N#P!#(6#N%+::3!-#%,?!6%N;#>!76!9'05!2O#!+%'60'2!%,!2O#!(2'#2NO%#(2!:%50! #$#'a{! "+NO#:! _+!!"#$"! ?%':! %9! #$#'! B! ;,#&! 0,#`! 20:>! 5#! s***t!_/6'%:!USSE`*!

\E!!!8L().M)#)/*#')!

!

HO#! 2O#5#! 09! 6'09#((%0,+:! N056#2#,N#! %(! 907,>! %,! 2O#! #d6'#((%0,(! ). #,%/05'$%0/##'7/. >"[! +,>!B/&'7/0'*1. 10/)(. )B7'L/V! HO#! +-%:%23! 20! >0! 0,#f(!&0';! %,! +,!%56'#((%$#! _#$#,! m(76#'.%56'#((%$#b`! &+3! %(! N0,(2'7N2#>! +(! +! 6'#'#k7%(%2#! 90'!(7NN#((*!C'09#((%0,+:! N056#2#,N#! _%,N:7>%,?!307'! :00;(`!&%::! #,+-:#! 2O#!!"#$"!1'0&! 20! >#:%$#'!10/)(. )B7'L/*! HO%(! %(P! 09! N07'(#P! +! (23:%(2%N! 0$#'(2+2#5#,2*! H0! -#!(7NN#((97:P! %2! %(!+:(0!,#N#((+'3! 20!?'+(6! 2O#!60((%-%:%23! 20!>0!0,#f(! W0-! %,!67-:%N!_&O%NO!%(!&O#'#!2O#!!"#$".1'0&!6#'90'5(`!+,>!&%2O!2O#!?'#+2#(2!60((%-:#!+7>%#,N#h!+"0.(K/.UK"&/."+.(K/.2C.(".K/)0*!B,!07'!2%5#!2O#'#!%(P!09!N07'(#P!,0!50'#!'#:%+-:#!N0,9%'5+2%0,!09!6'09#((%0,+:!(7NN#((!2O+,!-#%,?!+::0&#>!20!6#'90'5!0,!+,!/5#'%.N+,!2#:#$%(%0,!NO+,,#:!&%2O!O%?O!'+2%,?(*!

HO#!2O#5#!09!(7NN#((97:!$%(7+:!6#'90'5+,N#!09!(7NN#((!%(!907,>!%,!2O#!#d6'#((%0,(!#/SO.%'*#(0'%/.#,'(#!+,>!(K/.#(0/(LK'/#(.&'$"./7/0c!%(!%560'2+,2P!&O%:#!%,!2O#!+-0$#!#d+56:#P! 2O#! N:02O#(! +,>! 2O#! :%507(%,#! 97,N2%0,! +(! 2O#! $%(7+:! 20;#,(! 09! %2*! HO#!5#,2%0,! 09! 2O#! 6%,(2'%6#! (7%2(! (7??#(2(! 60&#'! >'#((%,?! +(! 2O#! 6%,(2'%6#! (7%2! %(! +!5+:#!+22%'#P!2'+>%2%0,+::3!+((0N%+2#>!&%2O!-7(%,#((!+,>P!6#'O+6(P!50'#!(6#N%9%N+::3!&%2O!-+,;%,?*! B2!O+(! :+2#'!-##,! %560'2#>! %,20! 9#5+:#! 9+(O%0,!+(!&#::!&O#'#! %2! %(!,0&!#(2+-:%(O#>!,02!0,:3!90'!-7(%,#((!7(#!-72!+:(0!90'!9#(2%$#!0NN+(%0,(*!<#+'%,?!+!6%,(2'%6#!(7%2!>0#(!,02!>%5%,%(O!+!&05+,f(!6#'90'5+,N#!09!O#'!9#5%,%,%23!+,>!(O#!%(!,02!+!5+,!%,!>%(?7%(#*!8O#!>0#(P!O0&#$#'P!N:+%5!N0,2'0:!%,!2O#!&+3!+!5+,!&07:>*!HO#! :%507(%,#! %(! +((0N%+2#>!&%2O!&#+:2O! +,>! 2'+,(60'2%,?! N#:#-'%2%#(! -#.2&##,!#$#,2(*!HO#!2%,2#>!?:+((!&%,>0&(!(#'$#!20!6'#$#,2!(6#N2+20'(!9'05!%>#,2%93.%,?!&O0#$#'! %(! %,! 2O#! N+'*!/2! 2O#! (+5#! 2%5#P! 2O#3! +:(0! (%?,+:! 2O+2! 2O#'#!5+3!-#!(05#2O%,?!09!%,2#'#(2!-#O%,>!2O0(#!&%,>0&(*!

B,>##>P!2O#!!"#$".1'0&!;,0&(!2O+2!(O#!%(!(7NN#((97:!&O#,!(O#!N+,!60%,2!20!#(2+-.:%(O#>P!5+2#'%+:! 20;#,(!09! (7NN#((*!HO#!6%,(2'%6#! (7%2! %(! (7NO!+! 20;#,P! (%,N#! %2! %(!092#,! +((0N%+2#>!&%2O! O%?O.:#$#:! -+,;%,?! +,>! N0'60'+2#! -7(%,#((5#,*! HO#! 0$#'.:0,?! :%507(%,#! %(! +,02O#'P! +:2O07?O! %2(! N'#>%-%:%23! +(! +! (35-0:! 09! (7NN#((!5+3!O+$#!-##,!>%5%,%(O#>!2O'07?O!%2(!7(#!%,!200!5+,3!>%$#'?#,2!N0,2#d2(P!9'05!60:%.2%N(!20!(O0&.-%e*!HO#!#>%20'(f!6'#(#,2+2%0,(!09!2O#5(#:$#(!&""]'*1.&']/.$"B/0*.B)O.!K)0&'/b#.8*1/&#P!60%,2(! 20!+! 2O%'>! 20;#,!09!(7NN#((c! 2O#!50,#3!+,>! 2O#!(;%::(! 20!+Nk7%'#! +,>!7(#! 2O#!-#+723!6'0>7N2(! +,>!-#+723! (#'$%N#(!&O%NO!6'0>7N#! +!&#::.?'005#>!$%(7+:!#99#N2*!

Q%,+::3P! %2! N+,!-#!+'?7#>! 2O+2! (7NN#((! %(! #6%205%e#>! %,! 2O#! (%5%:#!09! 2O#!$"B/0*.B)O.!K)0&'/b#.8*1/&#*!HO%(!N056+'%(0,!>'+&(!0,!(O+'#>!N7:27'+:!;,0&:#>?#!+-072!2O#! 2#:#$%(%0,! (#'%#(! 0'! 9%:5(!!K)0&'/N#.8*1/&#! _!K)0&'/N#.8*1/&#! USSVP! USS\`FR*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!FR!! HO#!2#:#$%(%0,!(#'%#(!&+(!-'0+>N+(2!0,!/=4!H#:#$%(%0,!@#2&0';!9'05!FZ\V!20!FZ^F*!HO#!9%:5!

!K)0&'/b#.8*1/&#!&+(!'#:#+(#>!%,!USSSP!+,>!%2(!(#k7#:!!K)0&'/b#.8*1/&#d.G,&&.JK0"((&/!%,!USSR*!

! 8L().M)#)/*#')!!!\]!

! !

HO#!m+,?#:(b!6#'90'5!2O#%'!2+(;(!&O%:#!5+%,2+%,%,?!2O#%'!9#5+:#!NO+'+N2#'%(2%N(!%,!>'#((P!+22%27>#!+,>!(6##NO!5+,,#'(*!L'%?%,+::3P!(05#!2#:#$%(%0,!N'%2%N(!:+-#::#>!2O#!(O0&!mH%2(!+,>!/((!H#:#$%(%0,bP!(%,N#!2O#!2O'##!+N2'#((#(!&#'#!>'#((#>!%,!+!6'0.$0N+2%$#!&+3P!6#'90'5%,?!2O#%'!(#d7+:%23!&O%:#!N+''3%,?!072!2O#%'!+((%?,5#,2(*!B,!2O#!50'#! '#N#,2! 9%:5(P! 2O#! 2O'##!!K)0&'/N#. 8*1/&#! 6#'(0,%93! 9#5+:#! N056#2#,N#!+,>!+?#,N3!-3!>%(6:+3%,?!2O#%'!N+6+N%23!90'!$%0:#,2!+N2%0,!%,!+!&+3!#(2+-:%(O#>!-3!2O#!?#,'#!09!_5+:#`!+N2%0,!9%:5(*!!

D0&#$#'P!+:2O07?O!2O#!2O#5#!09!(7NN#((!%(!#$0;#>P!(7NN#((!%2(#:9!%(!,02!,#N#((+'%.:3! 2+;#,! 90'!?'+,2#>*!HO%(! %(! (7??#(2#>!-3! 2O#!#d6'#((%0,! D(.U)#.).10/)(. /S%/0'5/*L/*!B,!02O#'!&0'>(P!%2!&+(!,02!+,!#$#'3>+3!#d6#'%#,N#c!%2!&+(!(05#2O%,?!072!09!2O#!0'>%,+'3*!HO#!!"#$"!1'0&!?'##2(!2O#!#d6#'%#,N#!09!(7NN#((!&%2O!3072O97:!(#:9.N0,9%>#,N#!+,>!+5+e#5#,2*!!@#$#'2O#:#((P!(O#!2O%,;(!(O#!O+(!#+',#>!2O#!(7NN#((!(O#!O+(!&0';#>!90'!(0!O+'>!+,>!0,#!N+,!%5+?%,#!O#'!N:+%5%,?!O#'!'%?O2!20!%2!%,!2O#!&0'>(! 09! 2O#! O+%'! +,>! -0>3! N0(5#2%N(! +>$#'2%(%,?! (:0?+,FE! m=#N+7(#! Bf5!&0'2O!%2ab*!!

HO%(!(7-NO+62#'!O+(!>#+:2!&%2O!2O#!2O#5#(!90'5%,?!2O#!'#6#'20%'#!09!6:#+(7'#c!6#'.(0,+:!6:#+(7'#P!6:#+(7'#!%,!:00;(!+,>!6:#+(7'#!%,!(7NN#((*!B,!2O#!#>%20'%+:(P!%2!&+(!0,#!09! 2O#!6'05%,#,2! '#6#'20%'#(!>#(N'%-%,?! 2O#! %>#+:!6#'90'5+,N#!09! 2O#!!"#$".1'0&!9#5%,%,%23*!B2!6'0$%>#>!+!>#2+%:#>!(N'%62!90'!O0&!20!6#'90'5!+,>!>#(N'%-#>!2O#!(;%::(!+,>!+NN#((0'%#(!,#N#((+'3!20!>0!(0*!Q'05!2O%(!'#6#'20%'#!&#!:#+',!2O+2!N'#+2.%,?!6:#+(7'#!%,!07'!:%$#(!%(!+-072!9%,>%,?!2O#!'%?O2!(0:72%0,!90'!O0&!20!:00;!?00>!+,>!-#N05#!(7NN#((97:*!

E*R! 40,(75#'%(5c!8O066%,?!+,>!823:%,?!

HO#!>%(N07'(#! 09! 2O#! %>#+:! 6#'90'5+,N#! 09!!"#$"!1'0&! 9#5%,%,%23! %,2#'+N2(!&%2O!+,>!%(!(7660'2#>!-3!+!'#6#'20%'#!09!L"*#,$/0'#$!%560'2#>!9'05!+,02O#'!>%(N07'(#!#d%(2%,?! %,!N0,2#560'+'3! (0N%#23c! 2O#!>%(N07'(#!09! N0,(75#'%(5*!HO%(! '#6#'20%'#!>#(N'%-#(!+,>!(7660'2(!2O#!:%9#(23:#!09!2O#!!"#$".1'0&!&O%NO!%(!+((0N%+2#>!&%2O!2O#!6'0>7N2(!+>$#'2%(#>!%,!2O#!5+?+e%,#*!HO#!'#6#'20%'#!%(!90'5#>!-3!2O#5#(!(7NO!+(!(O066%,?P!+&+'#,#((!09!9+(O%0,!2'#,>(P!+,>!(23:%,?!7(%,?!N:02O#(P!+NN#((0'%#(!+,>!5+;#.76*!HO%(!(7-NO+62#'!&%::!>%(N7((!2O#!'#6#'20%'#!09!N0,(75#'%(5!&O%NO!6#'.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!FE!! HO#!(:0?+,!09!2O#!N0(5#2%N(!N056+,3!:pL'|+:!(2+'2#>!072!+(!m=#N+7(#!Bf5!&0'2O!%2b*!HO#!6'0.

,07,!O+(!7,>#'?0,#!+!(#'%#(!09!k7%N;!NO+,?#(!%,! 2O#!#+':3!UF(2!N#,27'3!9'05!mBb!20!m307b!20!m&#b!(0!2O+2!2O#!2#:#$%(%0,!+>$#'2%(#5#,2!(:0?+,!%,!USFF!&+(!m=#N+7(#!&#f'#!&0'2O!%2b*!HO#!099%N%+:!:fL'|+:!&#-(%2#P!O0&#$#'P!%,!G7:3!USFF!(2%::!9#+27'#>!m=#N+7(#!307f'#!&0'2O!%2b*!

!

\V!!!8L().M)#)/*#')!

!

5#+2#(!50(2! 09! 2O#! 02O#'! '#6#'20%'#(! 90'5%,?! 2O#! >%(N07'(#! 09! 2O#! %>#+:! 6#'90'.5+,N#! 09! 2O#!!"#$". 1'0&*! HO%(! '#6#'20%'#! 6'0$%>#(! +! >#(N'%62%0,! 09! 2O#! N%'N75.(2+,N#(!7,>#'!&O%NO!2O#!%>#+:!6#'90'5+,N#!N+,!-#!+22+%,#>!+,>!+N2#>!072*!!

HO#!'#6#'20%'#!09!N0,(75#'%(5!%(!+!?%$#,!%,!2O#!5+?+e%,#f(!>%(N07'(#!09!2O#!!"#5$".1'0&*!HO#!'#+>#'!6#'90'5%,?!2O#!!"#$"!1'0&!N+,,02!NO00(#!,02!20!-#!+!N0,(75.#'P!+,>!2O#!5+?+e%,#!+>>'#((#(!O#'!+(!+!N0,(75#'*!HO#!907,>+2%0,!90'!2O#!5#>%+2.#>! &0':>! +'07,>! O#'! %(! N0,(7562%0,*! B,>##>P! (O#! %(! N0,(75%,?! 90'! (7NN#((*!HO#5#(!NO+::#,?%,?!2O#!'#6#'20%'#!09!N0,(75#'%(5!+'#!,02!+::0&#>*!@#$#'2O#:#((P!(05#!,0,.N055#'N%+:! 2O#5#(!(7NO!+(!-+:+,N#!%,! :%9#!_2O'07?O!2'##.O7??%,?h!I>P!M+3!USSE`!+'#!+::0&#>!(%,N#!2O#3!>0!,02!N056#2#!&%2O!2O#!6#'90'5+,N#!09!+!9#5.%,%,%23! -7%:2! 0,! N0,(7562%0,*! B,>##>P! 2O#! 2O#5#! 09! -+:+,N#! %,! :%9#! 97,N2%0,(! 20!(7660'2!'#6#'20%'#(!(7NO!+(!2O0(#!09! %,>#6#,>#,N#!+,>!6:#+(7'#*!H0!%::7(2'+2#!2O#!'#6#'20%'#!09!N0,(75#'%(5!+,>!%2(!%,2#'+N2%0,!&%2O!2O#!02O#'!'#6#'20%'#(P!2O%(!(7-.NO+62#'! &%::! %,N:7>#! %,! 2O#! >%(N7((%0,! 2&0! #d+56:#(! +:'#+>3! 7(#>! 20! 60%,2! 20!2O#5#(!%,!2O#!6'#$%07(:3!>%(N7((#>!'#6#'20%'#!09!6:#+(7'#*!!

B,!2O#!'#6#'20%'#P!2O#!2O#5#(!09!(O066%,?P!+&+'#,#((!09!9+(O%0,!2'#,>(!+,>!(23:%,?!%,2#'2&%,#!&%2O!2O#!2O#5#!09!NO0%N#P!#$0;%,?!2O#!'#6#'20%'#(!09!%,>#6#,>#,N#!+,>!6:#+(7'#*! B,! 2O%(! N0,2#d2P! O0&#$#'P! NO0%N#! %(! 0,:3! 60((%-:#! &%2O%,! 2O#! ?%$#,!9'+5#&0';!09!N0,(75#'%(5*! B'0,%N+::3P!N0,(75#'%(5! 2O#'#90'#! (#'$#(! 20! '0-! 2O#!!"#$"!1'0&!09!(05#!09!O#'!%,>#6#,>#,N#*!HO'07?O!%2(!(7??#(2%0,(P!2O#!5+?+e%,#!N:+%5(!N0,2'0:!0$#'!O#'!NO0%N#(*!HO#!5+?+e%,#!-#N05#(!+!(O066%,?!?7%>#!&O0(#!(#'$%N#(!(O#!O+(!+:'#+>3!6+%>!90'*!B2!5+;#(!2O#!NO0%N#(!90'!O#'P!+,>!2O0(#!NO0%N#(!+'#!,+27'+::3!-+(#>!0,!2O#!N055#'N%+:!%,2#'#(2(!09!2O#!5+?+e%,#!+,>!%2(!+>$#'2%(.#'(h! %,2#'#(2(! &O%NO! +'#! ,02! _,#N#((+'%:3`! 2O0(#! 09! 2O#! N0,(75#'.'#+>#'*! HO#!2O#5#(!09!N0,(75#'%(5!+'#!907,>!%,!2O#!90::0&%,?!6+((+?#!&O#'#!2O#!#>%20'!6'0.502#(!O#'!5+?+e%,#*!

!_FU`! s***t!pW7(2!+!5+?+e%,#f!n!97::!09!9+,2+(2%N!+>$%N#!2O+2!'#+::3!&0';(!0,!+::!! +'#+(!09!307'!:%9#P!57(2.O+$#!(O066%,?!%>#+(P!?0'?#07(!-#+723P!+,>!9+'!! 50'#!57(2.'#+>! 9#+27'#(! 2O+,!+,3!02O#'!&05#,f(!?:0((3*!=72P! B! :0$#!! !"#$"! +,>! B!O06#! 2O+2!0$#'! 2O#!N05%,?!50,2O(P!307!&%::! 200*! _LN2*!! USSE`*!

HO#! 2O'##! 2O#5#(!09! 2O#!'#6#'20%'#!+'#! 907,>! %,! 2O#!'#9#'#,N#! 20! +)*()#('L.)B7'L/!s0,!(O066%,?!+,>!2O#!'#+>#'f(!6'#(#,2+2%0,!09!O#'(#:9t!$,#(5K)7/.#K"%%'*1.'B/)#P!+,>!1"01/",#.[/),(O!&O#'#!2O#3!#$0;#!(O066%,?!+(!0-:%?+20'3!+,>!+&+'#,#((!09!9+(O%0,!2'#,>(!+(!+!6'#'#k7%(%2#!90'!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%.,%,%23*!B,!+>>%2%0,P!2O#!'0:#!09!2O#!5+?+e%,#!%(!#56O+(%e#>!2O'07?O!2O#!'#9#'#,N#(!20!+)*()#('L.)B7'L/!+,>!+)0.$"0/.$,#(50/)B.+/)(,0/#c!2O#!5+?+e%,#!O+(!2O#!#d6#'2!;,0&:#>?#!20!+>$%(#!O#'!0,!O0&!+,>!&O+2!20!NO00(#*!/:2O07?O!>,#(.).$)1)X'*/P!%2!

! 8L().M)#)/*#')!!!\\!

! !

N+,!?7%>#!O#'!-#N+7(#! %2!;,0&(!&O+2! 2O#! '#+>#'!&+,2(*!M0'#0$#'P! %2! O+(! 2O#! '#.(07'N#(!20!6'0>7N#!+)*()#('L.)B7'L/!+,>!#K"%%'*1.'B/)#*!B2!2#::(!O#'!O0&!20!5+;#!2O#! '%?O2! NO0%N#(! &O#,! (7''07,>#>! -3! 2O#! 2#562+2%0,(! +,>! #,N07'+?#5#,2(! 20!N0,(75#*!)'+&%,?! 0,! 2O#! '#6#'20%'#! 09! 6:#+(7'#P! %2! ;,0&(! 2O+2! O#'! ?0+:! %(!1"051/",#.[/),(OP!+,>!20!+22+%,!(7NO!+!(2+2#!(O#!,##>(!20!%>#,2%93!2O#!%2#5(!&O%NO!+'#!$,#(5K)7/e#f*! D0&#$#'P! %2! +:(0! '#(2'%N2(! O#'! NO0%N#! -3! %,>%N+2%,?!&O+2! %(!$,#(5K)7/!+,>!$,#(50/)B*!8O#!%(!%,$%2#>!20!2O%,;!2O+2!(O#!,##>(!2O#!-#+723!6'0>7N2(!+,>!2O#!N:02O#(!20!#,+-:#!O#'!20!6#'90'5!2O#!9#5%,%,%23!6'0502#>!-3!!"#$"%"&'()**!!

HO#!2O#5#(!09!2O#!'#6#'20%'#!09!N0,(75#'%(5!+66#+'!#:#$#,!2%5#(!%,!#%?O2!#>%20'%.+:(*!B,!2O#!#>%20'%+:(!%,N:7>#>!%,!2O#!>+2+!09!2O%(!(27>3P!0,:3!907'!09!2O#5!_G+,7+'3P!/7?7(2P! 8#62#5-#'P! +,>! LN20-#'! USSE`! >0! ,02! N0,2+%,! +! '#9#'#,N#! 20! 6:#+(7'#*!HO#! 2O#5#(! +'#! N:0(#:3! %,2#?'+2#>! %,20! 2O#! '#6#'20%'#! 09! 6:#+(7'#! +(! &#::*! HO#!2O#5#(! 09! 2O#! '#6#'20%'#! 09! N0,(75#'%(5! +66#+'! %,P! 90'! %,(2+,N#P! 2O#! 90::0&%,?!#d+56:#! _20! %::7(2'+2#!O0&! 2O#! 2O#5#(! 9'05!N0,(75#'%(5! %,(#'2! 2O#5(#:$#(! %,20!02O#'!'#6#'20%'#(P!2O%(!%(!2O#!#d+56:#!?%$#,!6'#$%07(:3!+(!Id+56:#!\!%,!2O#!>%(N7(.(%0,!09!2O#!'#6#'20%'#!09!6:#+(7'#!%,!E*U*F`*!!

_\`! s***t! +::! 2O#! 2O%,?(!307! :0$#!+-072! 2O#!6+'23! (#+(0,P!&%2O072!+! p67::! +!! N'+N;#'f! %,! (%?O2a!HO#'#!+'#!,0! 27';#3(!0'! 2%,(#:!O#'#!n! W7(2! 2O#!$#'3!! -#(2!09!2O#!2O%,?(!307!:0$#!!"#$"!90'*!8#d3P!+990'>+-:#!+,>P!50(2!09!! +::P! 9:+22#'%,?! 6+'23! 0729%2(! 90'! #$#'3! -7>?#2! +,>! -0>3! (O+6#h! 9%$#.! 5%,72#!+92#'.&0';!5+;#0$#'(!307!N+,!>0!+2!307'!>#(;!+,>!N#:#-'%23!! 2%6(!+,>!2'%N;(!90'!?#22%,?!'#>.N+'6#2!'#+>3h!_)#N*!USSE`*!!

HO#!2O'##!2O#5#(!+'#!907,>!%,!2O#!'#9#'#,N#!20!9+(O%0,P!(O066%,?!+,>!9+$07'+-:#!6'#(#,2+2%0,!09!0,#(#:9!%,!C/SO-.)++"0B)[&/.)*B.s***t!+&)((/0'*1.%)0(O.",(+'(#.+"0./7/50O.[,B1/(*!HO#!,#&!N:02O#(!(7??#(2#>!&%::!-#,#9%2!O0&!2O#!!"#$"!1'0&!:00;(!-#.N+7(#!2O#3!+'#!#/SO!+,>!+&)((/0'*1*!8O#!&%::!,##>!2O#5!&O#,!6#'90'5%,?!O#'!!"#5$"! 9#5%,%,%23h! 2O#'#90'#P! %2! %(! #((#,2%+:! 2O+2! (O#! +Nk7%'#(! 2O#5*! D0&#$#'P! 2O#!N:02O#(!+'#!+:(0!)++"0B)[&/!+,>!2O#!!"#$"!1'0&!&%::!-#!+-:#!20!(k7##e#!2O#5!%,20!O#'!-7>?#2!n!&O+2#$#'!%2(!$0:75#*!/:(0P!2O#!+'7/5$'*,(/.)+(/05U"0].$)]/"7/0#!+,>!L/&/[0'(O.('%#.)*B.(0'L]#!6'#(7660(#!2O#!67'NO+(#!09!5+;#.76!+,>!5+;#.76!+NN#(.(0'%#(*!/:0,?!&%2O!2O#!5+?+e%,#f(!+>$%N#!09!&O+2! 20!>0!+,>!O0&!20!>0!%2!N05#(!2O#!+>$%N#!+-072!&O+2!%(!,##>#>*!HO#!+>$%N#!-'%,?(!20!5%,>!5#>%+!>#(N'%62%0,(!09!N#:#-'%2%#(!+,>!+>$#'2%(#5#,2(!%,!2O#!?:0((%#(!0'!0,!2#:#$%(%0,P!+,>!2O%(!%,2#'2#d27.+:%23! %(!,02! :0(2!0,! 2O#!!"#$"!1'0&*!8O#! %(!6'#6+'#>! 20!N0,(75#!20!9##:!-#+72%97:!+,>!(7NN#((97:! %,! 2O#!&+3!09! 2O#!NO+'+N2#'(! %,! 2O#!5#>%+2#>!&0':>!09!N0,(75#'.%(5*!!

B,! 2O%(! &0':>! 2O#'#! %(! ,0! '005! 90'! 2O#5#(! +,>! '#6#'20%'#(! #$0;%,?! +! >%(N07'(#!&O%NO!5%?O2!N0,2#(2!N0,(7562%0,*!HO#!5+?+e%,#!>0#(!,02!+::0&!2O#5*!B,(2#+>P!%2!

\^!!!8L().M)#)/*#')!

!

:0N;(!2O#!!"#$"!1'0&!%,!2%5#!%,!2O+2!&0':>P!+(!%9!(O#!&#'#!0,!+!,#$#'.#,>%,?!(O06.6%,?!(6'##*!8O#!%(!N0,(2'7N2#>!&%2O!2O#!N0,$%N2%0,!2O+2!(O#!&%::!&+,2!2O#!-#+723P!(7NN#((! +,>! +22#,2%0,! +((0N%+2#>! &%2O! N#:#-'%2%#(P! +,>! O#'! 6'0$#'-%+:! 9%92##,!5%,72#(!09!9+5#P!+(!&#::*!8O#!%(!>#6'%$#>!09!O#'!0&,!60&#'(!09!>#N%(%0,!&O#,!%2!N05#(!20!N0,(75%,?*!!

D0&#$#'P!%,!2O#!#>%20'%+:(!2O#'#!+'#!+:(0!(05#!'#9#'#,N#(!20!,0,.N055#'N%+:!$+:.7#(! (7NO! +(! -+:+,N#! %,! :%9#P! &O%NO! N+,,02! -#! 67'NO+(#>*! HO#! 5+?+e%,#! +::0&(!2O#(#!'#9#'#,N#(!(%,N#!%2!N+,!:%5%2!2O#5P!5+;%,?!(7'#!2O#3!>0!,02!N0::%>#!&%2O!%2(!2O#5#(!09!N0,(7562%0,*!L,#!(7NO!2O#5#!09!-+:+,N#!%(!907,>!%,!2O#!90::0&%,?!6+(.(+?#!_?%$#,!6'#$%07(:3!+(!Id+56:#!^!%,!2O#!>%(N7((%0,!09!2O#!'#6#'20%'#!09!6:#+(.7'#!%,!E*U*F`*!

_^`! s***t!B!O+$#!:%(2#,#>!20!9'%#,>(P!9+5%:3P!#$#,!6#06:#!Bz$#!0,:3!W7(2!5#2P!! 2+:;%,?! +-072! O+66%,#((*! L'P!50'#! (6#N%9%N+::3P! 9%,>%,?! +! -+:+,N#! %,!! :%9#! 2O+2!5+;#(! 2O#5! 2'7:3!N0,2#,2*!)0,z2!&0''3P! Bz5!,02!O#+>%,?! 90'!! 2O#!,#+'#(2!90'#(2!20!?0!+,>!O7?!+!2'##P!-72!B!>0!2O%,;!2O#'#z(!N7''#,2:3!! +!500>! +'07,>! 2O+2!5+;#(! 7(! (206! +,>! 2O%,;! +-072! :%9#! +,>!&0,>#'!! &O#2O#'!&#!+'#!?#22%,?! 2O#!-#(2!072!09! %2! 2O+2!&#!60((%-:3!N+,*! _M+3!! USSE`*!

HO#!2O#5#!09!,0,.N055#'N%+:!$+:7#(!%(!907,>!%,!2O#!'#9#'#,N#(!20![)&)*L/.'*.&'+/P!-#%,?!(0,&O.L"*(/*(P!+,>!2O#!,##>!20!#("%.)*B.(K'*].)[",(.&'+/.)*B.U"*B/0.UK/(K/0.U/.)0/.1/(('*1.(K/.[/#(.",(."+.'(*!HO#!2O#5#!%(!(#2!%,!2O#!N0,2#d2!09!+0'/*B#-.+)$'&O*!HO%(!N0,2#d2!5+3!60((%-:3!#,2%N#!2O#!!"#$"!1'0&!20!90N7(!0,!%((7#(!072(%>#!O#'(#:9!+,>!O#'!0&,!%,2#'#(2(*!HO#!2O#5#!%,>%N+2#(!2O+2!(O#!N+,!:00;!90'!,0,.N055#'N%+:!$+:7#(! %,(%>#!O#'(#:9!-3!(#+'NO%,?!O#'!0&,!5%,>!+,>!+:(0!-3!90N7(%,?!0,! %((7#(!(7''07,>%,?!O#'*!8O#!5+3!NO00(#!20!#("%.)*B.(K'*].)[",(.&'+/.)*B.U"*B/0!20!9%,>!O#'!-+:+,N#!%,!:%9#*!B,!+>>%2%0,P!(O#!5+3!>#$#:06!+!N0,N#',!90'!2O#!#,$%'0,5#,2P!+:-#%2!2O%(!&%::!,02!,#N#((+'%:3!:#+>!20!+!>#N%(%0,!(".1".)*B.K,1.).(0//*!D0&#$#'P!2O#'#! %(! ,0! (7??#(2%0,! 2O+2! 2O#! !"#$". 1'0&N#! 60((%-:#! +&+'#,#((! 09! ,0,.N055#'N%+:! $+:7#(!5%?O2! #d2#,>! 20! +,! +&+'#,#((! 09! %((7#(! (7NO! +(! (7(2+%,+-:#!>#$#:065#,2!+,>P!2O#'#90'#P!O#:6!O#'!20!60(%2%0,!O#'(#:9!50'#!(N#62%N+::3!20&+'>(!2O#!N+'07(#:!09!N0,(7562%0,!6'0502#>!%,!2O#!5+?+e%,#!+,>!%,!(0N%#23*!/:(0P! 2O#!'#9#'#,N#(!20!,0,.N055#'N%+:!$+:7#(!+'#!%,9'#k7#,2!+,>!0,:3!O%,2!+2!2O#!#d%(2#,N#!09!(7NO!$+:7#(*!HO#!'#9#'#,N#(!+'#!$+?7#!%,!N056+'%(0,!20!2O#!(6#N%9%N!+>$%N#!?%$.#,!N0,N#',%,?!-0>3!&0';!+,>!+NN#((0'%#(P!+(!%,!+'7/5$'*,(/.)+(/05U"0].$)]/"7/0#.O",.L)*.B".)(.O",0.B/#]!_)#N*!USSE`*!

HO%(!(7-NO+62#'!O+(!>%(N7((#>!O0&!2O#!'#6#'20%'#!09!N0,(75#'%(5!+66#+'#>!%,!2O#!'#6#'20%'#(!09!%,>#6#,>#,N#!+,>!6:#+(7'#!20!(7660'2!2O#5*!HO#5#(!9'05!2O%(!'#6.#'20%'#!'#N7''#>!2O'07?O072! 2O#!#>%20'%+:(! 20!(2+2#! 2O#!N0,>%2%0,(!7,>#'!&O%NO!2O#!

! 8L().M)#)/*#')!!!\Z!

! !

!"#$".1'0&! N+,!0-2+%,! %,>#6#,>#,N#!+,>! (7NN#((*!Q'05! 2O%(! '#6#'20%'#!&#! :#+',!2O+2!N0,(75#'%(5!%(!+!(0:72%0,!90'!2O0(#!09!7(!&O0!&+,2!%,>#6#,>#,N#!+(!&#::!+(!6:#+(7'#*!

E*E! HO#!Q'%#,>(O%6(!09!2O#!!"#$".4'0&!

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d6#'%#,N#(!+!9##:.%,?!09!6'09#((%0,+:!20?#2O#',#((!&%2O!2O#!&05#,!&O0!+'#!O#'!N0::#+?7#(*!!

`V`V;. C,%%"0(.

HO#! 2O#5#!09! 9'%#,>(! (7660'2%,?!#+NO!02O#'! %(! 907,>! %,!#d6'#((%0,(!09! +99#N2%0,!+,>! #502%0,*!HO#! #>%20'%+:(! '#9#'! 20! 9'%#,>(O%6! +(!"*/."+. (K/.10/)(. (K'*1#.)[",(.[/'*1. ).U"$)*! _Id+56:#! FRP! -#:0&`! +,>! N0,(2'7N2(!&05#,f(! 9'%#,>(O%6! +(! 2O#!5#(O!&O%NO!-%,>(!2O#5!20?#2O#'!%,!2O#%'!#$#'3>+3!:%9#!+(!%,!2O#!90::0&%,?!6+((+?#*!!!

_FR`. B!2O%,;!0,#!09!2O#!?'#+2!2O%,?(!+-072!-#%,?!+!&05+,!%(!07'!9'%#,>(O%6(*!B!>0,z2!;,0&!&O+2!Bz>!>0!&%2O072!53!0&,!9'%#,>(P!&O0!B!2O%,;!+'#!2O#!50(2!7,>#'(2+,>%,?!&05#,!%,!2O#!&0':>P!#$#,!&O#,!B!>0,z2!N+::!092#,!#,07?O!+,>! 90'?#2! 2O#!0NN+(%0,+:!-%'2O>+3! _&#::P! k7%2#! +! 9#&!+N27+:.:3a`*!=72!B!&+(!(0!50$#>!-3!2O#!(20'%#(!09!+?+%,(2.2O#.0>>(!9'%#,>(O%6(!2O+2!O+$#!(7'$%$#>!%::,#((!+,>!O7?#!2'+?#>3!2O+2!%2z(!0,:3!'%?O2!!"#$"!

^S!!!8L().M)#)/*#')!

!

6+3!2'%-72#!20!2O0(#!(6#N%+:!&05#,!&O0!6:+3!(7NO!+!-%?!6+'2!%,!+::!07'!:%$#(*!_/6'%:!USSE`*!

HO#!2O#5#!09!9'%#,>(!(7660'2%,?!%(!907,>!%,!2O#!(2+2#5#,2(!s9'%#,>(t.)0/.(K/.$"#(.,*B/0#()*B'*1. U"$/*. '*. (K/. U"0&BP! #("0'/#. "+. )1)'*#(5(K/5"BB#. +0'/*B#K'%#! +,>!(K"#/.#%/L')&.U"$/*.UK".%&)O.#,LK.).['1.%)0(.'*.)&&.",0.&'7/#*!HO#!2O#5#!'#9#'(!20!O0&!2O#!!"#$"!1'0&!NO#'%(O#(!O#'!9'%#,>(!-#N+7(#!2O#3!7,>#'(2+,>!2O+2!(O#!%(!,02!6#'9#N2!+,>!2O#3!>0!,02!#d6#N2!O#'!20!-#*!HO#!2O#5#!+:(0!+::0&(!90'!%56#'9#N2%0,!%,!+,!02O#'&%(#!%>#+:!6#'90'5+,N#h!D.B"*b(.L)&&."+(/*./*",1K.)*B.+"01/(.(K/."LL)5#'"*)&.['0(KB)O. YU/&&-.R,'(/.). +/U.)L(,)&&OcZ*!HO#3!+'#!O#'! 9'%#,>(P! '#?+'>:#((!09!O#'!(O0'2N05%,?(*!HO7(P!9'%#,>(!7,>#'(2+,>!+,>!90'?%$#!+,>!#d6#N2!O#'!20!>0!2O#!(+5#*!B,!2O%(!'#(6#N2!2O#3!97,N2%0,!:%;#!+!9+5%:3P!-#N+7(#!(7660'2!+,>!90'?%$#,#((!%(!&O+2!+!9+5%:3!?%$#(!7,'#(#'$#>:3*!!

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f(!(2+3!%,!2O+2!6+'2%N7:+'!60(%2%0,*!87NO!+!'#:+2%0,(O%6!5+3!-#!7,.(2+-:#!+(! %2!>#6#,>(!0,! 2O#!N%'N75(2+,N#(!+2!&0';!+,>!7:2%5+2#:3!0,#f(!(2+27(! %,!2O#!0'?+,%e+2%0,*!!

`V`V9. CK)0'*1.

HO#!2O#5#!09!9'%#,>(!(O+'%,?!%(!907,>!%,!'#9#'#,N#(!20!(O+'#>!5#50'%#(P!W03!+,>!N0,N#',!+(!%,!2O#!90::0&%,?!#d+56:#!&O#'#!2&0!&05#,P!2O#!#>%20'!+,>!O#'!9'%#,>P!(O+'#!5#50'%#(!9'05!2O#%'!(NO00:!>+3(*!

_FE`. "#N#,2:3P! B! -756#>! %,20! +! (NO00:! 9'%#,>! B! O+>,z2! (##,! 90'! 3#+'(*!L9!! N07'(#P! %2!&+(! +5+e%,?! N+2NO%,?!76!&%2O!O#'! +92#'! (7NO! +! :0,?! 2%5#P!! -72! %2! &+(! 0,:3! &O#,! B! 20:>! O#'! B! &0';#>! 0,!!"#$"! 2O+2! O#'! 9+N#!! N'+N;#>!%,20!2O#!-%??#(2!(5%:#*!B55#>%+2#:3P!(O#!'#N%2#>!+!6%#N#!09!+>.! $%N#!(O#z>! '#+>!+!&O%:#!-+N;! %,! 2O%(!5+?+e%,#! 2O+2!O+>!?%$#,!O#'! 2O#!! N0,9%>#,N#!20!+NN#62!2O#!099#'!09!+!W0-!+-'0+>*!_M+'NO!SE`!

HO#! 2O#5#! 09! (O+'%,?! %(! #d6'#((#>!&%2O! (2'0,?! #502%0,! +(! %,! ). #LK""&. +0'/*B. D.K)B*b(. #//*. +"0.O/)0#P!)$)X'*1.L)(LK'*1.,%.U'(K.K/0.)+(/0.#,LK.). &"*1. ('$/! +,>!K/0.+)L/.L0)L]/B.'*(".(K/.['11/#(.#$'&/*!/!(O+'#>!6+(2!O+(!N'#+2#>!+!-0,>!-#2&##,!2O#5!&O%NO! (2%::! #d%(2(*! HO#! 2O#5#! #$0;#(! 2O#! 6:#+(7'#! 09! 5##2%,?! +?+%,P! %2! %(!

! 8L().M)#)/*#')!!!^F!

! !

)$)X'*1-!+,>!2O#!'#9#'#,N#!20!5727+:!W03!#$0;#(!,02!0,:3!2O#!'#6#'20%'#!09!9'%#,>.(O%6!-72!+:(0!N0,,#N2(!20!2O#!'#6#'20%'#!09!6:#+(7'#*!HO#!'#6#'20%'#(!09!9'%#,>(O%6!+,>!6:#+(7'#! %,2#'2&%,#!&O#,!0:>!(NO00:! 9'%#,>(!+'#!+-:#! 20! '#N0,,#N2!&O#,#$#'!2O#3!5##2P! #$#,! %9! 2O#3!&#'#! ,#$#'! %,2%5+2#! 9'%#,>(! 0'! O+$#! ,02!5#2! 90'! +! :0,?!6#'%0>!09!2%5#*!B,!+>>%2%0,P!2O#(#!2&0!9'%#,>(!(O+'#!+,02O#'!%,2#'#(2c!!"#$"*.L,N#!2O#!9'%#,>!O+(!-##,!20:>!2O#!,+5#!09!2O#!#>%20'f(!&0';.6:+N#!(O#!'#+N2(!&%2O!W03c!K/0.+)L/.L0)L]/B.'*(".(K/.['11/#(.#$'&/V!!

HO#! 2O#5#! %(! +:(0! #d2#,>#>! 20! (O+'%,?! +,>! #,W03%,?! #+NO! 02O#'f(! (7NN#((*! HO#!#>%20'!#,W03(!O#'!9'%#,>f(!2+:#!09!(7NN#((P!#(6#N%+::3!+(!%2! %(!+!N056:%5#,2! 20!O#'!0&,!&0';! +(P! 90'! %,(2+,N#! %,P! D$$/B')(/&O-. #K/. 0/L'(/B. ). %'/L/. "+. )B7'L/. #K/bB.0/)B.).UK'&/.[)L].'*.(K'#.$)1)X'*/.(K)(.K)B.1'7/*.K/0.(K/.L"*+'B/*L/.(".)LL/%(.(K/."++/0."+.).>"[.)[0")B.+"0.#'S.$"*(K#*!HO#!#>%20'!+,>!O#'!9'%#,>!+'#!6#'90'5%,?!2O#!!"#$"!1'0&!9#5%,%,%23!%,!2O+2!2O#3!+'#!(7NN#((97:P!#+NO!%,!O#'!0&,!9%#:>*!HO#3!+'#!6#'90'5%,?!2O#!!"#$".1'0&!+:(0!%,!2O#!'#(6#N2!2O+2!2O#%'!(7NN#((P!%56:%N%2:3P!%(!2O#!'#(7:2!09!5+;%,?!2O#!N0''#N2!NO0%N#(!n!,02!20!5#,2%0,!2O#!9+N2!2O+2!2O#3!O+$#!-02O!2+;#,!2O#!+>$%N#!09!!"#$"*!L-$%07(:3P! 2O#!#>%20'f(!9'%#,>!O+(!6'0$%>#>!O#'!&%2O!+,! %2#5!09!6'+%(#! 2O+2!&%::! (#'$#! 20!6'0502#!O#'!5+?+e%,#*!HO#'#90'#P! 2O#!#>%20'!5+;#(!(7'#!2O+2!(O#!(O+'#(!2O%(!#d6#'%#,N#!&%2O!O#'!'#+>#'.9'%#,>!+(!&#::a!!

HO#!2O#5#!09!+99#N2%0,!#d6'#((#>!-#2&##,!6#'(0,+:!9'%#,>(!5+3!,02!#d%(2!-#2&##,!N0::#+?7#.9'%#,>(*!HO#%'!'#:+2%0,(O%6!-+(#>!0,!6'09#((%0,+:!(0:%>+'%23!5+3!2+;#!2O#!90'5!09P!90'!%,(2+,N#P!+!67-:%N!>%(6:+3!09!9'%#,>(O%6*!HO#!2O#5#!09!9'%#,>(!(O+'%,?!&O#,!2O+2!9'%#,>!%(!+!N0::#+?7#!%(!907,>!%,!2O#!90::0&%,?!6+((+?#*!

_F]`! B2f(!+,!0660'27,%23!90'!7(!20!N05#!20?#2O#'!&%2O!2O#!:#?#,>+'3.!"#$".. 907,>#'!D#:#,!K7':#3!='0&,P!20!(O+'#!,#&(!+,>!$%#&(!&%2O!#+NO!02O.! #'P!+,>!(&+6!+>$%N#P!(20'%#(!+,>!%>#+(*!B,#$%2+-:3P!+92#'!2O'##!>+3(!20.! ?#2O#'! _%,! M+,O+22+,P! &O%NO! &+(! 9+-`P! N0,$#'(+2%0,(! (2+'2#>! 20! ?#2!! 6#'(0,+:!+,>!2O#!&O0:#!#$#,2!27',#>!%,20!+!5+((%$#!?%':(f!,%?O2!072!n!! &#! 2+:;#>! +-072! O0&!&#! +'#! N0,(2+,2:3! 0'?+,%(%,?! 07'! :%$#(! +'07,>!! &0';!+,>!'#:+2%0,(O%6(P!9'%#,>(!+,>!9+5%:3P!#$#,!2O07?O!&#!&07:>,f2!! O+$#!%2!+,3!02O#'!&+3a!_/7?*!USSE`*!

HO#! 2O#5#! 09! 6'09#((%0,+:! 9'%#,>(! (O+'%,?! %(! 907,>! %,P! 90'! %,(2+,N#P! 2O#! #d6'#(.(%0,(!(".#K)0/.*/U#.)*B.7'/U#!+,>!#U)%.)B7'L/-.#("0'/#.)*B.'B/)#V!HO#!#d+56:#!%(!+,!#dN#'62!9'05!+,!#>%20'%+:!+-072!2O#!-%+,,7+:!%,2#',+2%0,+:!N0,9#'#,N#!90'!!"#5$"%"&'()*! #>%20'(*! HO#! #>%20'%+:! >#(N'%-#(! 2O#! #>%20'(! #d6'#((%,?! (0:%>+'%23! +,>!(O+'%,?!(20'%#(!+,>!%>#+(!0,!#k7+:!?'07,>(*!HO#'#!+'#!,0!2'+N#(!%,!2O%(!'#6'#(#,2+.2%0,!09!2O#!6'09#((%0,+:!W#+:07(3!0'!2#''%20'3.5%,>#>,#((!&O%NO!_%,!53!6'09#((%0,.+:!#d6#'%#,N#`!&07:>!%,#$%2+-:3!(##6!%,20!(7NO!+!'#7,%0,*!B,>##>P!2O#!#>%20'(!+'#!+::!9'%#,>(!&O%NO!N+,!-#!>#>7N#>!9'05!2O#!5#,2%0,!2O+2!L"*7/0#)('"*#.#()0(/B.(".

^U!!!8L().M)#)/*#')!

!

1/(. %/0#"*)&*! Q%,+::3P! 2O#! N0::#+?7#.9'%#,>(! N#:#-'+2#! 2O#%'! 20?#2O#',#((! +(! (##,!9'05!2O#!>#(N'%62%0,!09!2O#!#$#,2!+(!27',%,?!%,20!).$)##'7/.1'0&#N.*'1K(.",(V!!

HO#!N0::0k7%+:!#d6'#((%0,!m+!?%':(f!,%?O2!072b!O+(!50$#>!%,20!:%2#'+27'#!+,>!5#>%+!2#d2(*!HO#! #d6'#((%0,!O+(! #(2+-:%(O#>! %2(#:9! %,! #$#'3>+3! :+,?7+?#!7(#P! +:0,?(%>#!2O#!5+:#! #k7%$+:#,2! m+! :+>(f! ,%?O2! 072b*! B2! >#(N'%-#(! O0&! 2O#!50>#',! :%-#'+2#>!!"#$"!1'0&!O+(!97,!?0%,?!072!&%2O!O#'!9'%#,>(!%,!+!N0,2#d2!&O%NO!&+(!6'#$%07(:3!'#(#'$#>!0,:3!90'!+!N056+,3!09!5#,*!40+2#(!_FZZVc!UR`P!+50,?!02O#'(P!5#,2%0,(!K%:>+!Lf@#%::f(!8.H'1K(.6,(.U'(K.(K/.4'0&#!+(!+,!#d+56:#!09!2O#!+(6#N2!09!&05#,!O+$%,?! 97,! +(! 6+'2! 09! 2O#%'! 9'%#,>(O%6*!/!K00?:#! :%2#'+27'#! (#+'NO! ?%$#(! (#$#'+:!9%,>%,?(!90'!-00;(!&%2O!(%5%:+'!,+5#(!67-:%(O#>!-02O!%,!2O#!18!+,>!K'#+2!='%2+%,*!!

Ik7+::3P! 2O#! 2O#5#!09!6'09#((%0,+:! 9'%#,>(! (O+'%,?! %(! 907,>! %,! 2O#! #d6'#((%0,! (".L"$/.("1/(K/0.U'(K.(K/.&/1/*B)0O.!"#$".+",*B/0.@/&/*.4,0&/O.?0"U**!HO#!N0:.:#+?7#(!+'#!:%,;#>!20?#2O#'!-3!2O#%'!6'09#((%0,+:!,#2&0';!&O%NO!%(!90'2%9%#>!-3!2O#!>%(6:+3! 09! 9'%#,>(O%6*! HO#! &/1/*B)0O.!"#$". +",*B/0! F]! %(! +2! 2O#! N#,2'#! 09! 2O#%'!6'09#((%0,+:!,#2&0';*!8O#!+66#+'(!20!-#!0,!#k7+:!9002%,?!&%2O!2O#!#>%20'(!+,>!%(!6'#6+'#>! 20!m2+:;!(O06b!+,>!#dNO+,?#!%>#+(!&%2O! 2O#5*!D#'!&%::%,?,#((! 20!(O+'#!%>#+(! +66#+'(! 20! (7??#(2! 2O+2! (O#! '#W#N2(! '%$+:'3! +,>! 7,>#':%,#(! 2O+2! 2O#! #>%20'(!57(2! +::! &0';! 20?#2O#'! 20&+'>(! 2O#! ?0+:! (#2! 90'! 2O#!5+?+e%,#! -3! %2(! 67-:%(O#'h!2O#%'!#56:03#'*! B,! 2O%(!&+3P! 2O#!!"#$"!1'0&! %(!(O0&,! 20!#d6#'%#,N#!(7660'2!+,>!(0:%>+'%23!&%2O%,!+!N0557,%23!09!N0::#+?7#(*!!

HO#!(0:%>+'%23!-#2&##,!N0::#+?7#.9'%#,>(!%(!(2'#,?2O#,#>!-3!2O#!9+N2!2O+2!2O#3!9+N#!(%5%:+'!NO+::#,?#(!%,!2O#%'!:%9#*!HO#3!(O+'#!2O#!,##>!20!N06#!&%2O!6'09#((%0,+:!+(!&#::!+(!6#'(0,+:!:%9#!+(!%,!U/.)0/.L"*#()*(&O."01)*'#'*1.",0.&'7/#.)0",*B.U"0].)*B.0/&)('"*#K'%#-.+0'/*B#.)*B.+)$'&O-./7/*.(K",1K.U/.U",&B*N(.K)7/.'(.)*O."(K/0.U)Oc!HO#!2O#5#!09!N0::#+?7#.9'%#,>(!(O+'%,?!%(!907,>!%,!2O#!>#(N'%62%0,!09!2O#%'!(2'7?.?:#! 20! 0'?+,%e#! 2O#%'! :%$#(! +,>!5##2! 2O#!>07-:#! #d6#N2+2%0,(!6:+N#>!0,! 2O#5!-3!+,>!-3!9+5%:3!+,>!9'%#,>(*!HO#%'!(0:%>+'%23!%(!N0,9%'5#>!%,!+!67-:%N!6#'90'5+,N#!09! 9'%#,>(O%6!&O#,! 2O#3! %,>7:?#! %,!).$)##'7/.1'0&#N.*'1K(.",(*!HO#! '#6#'20%'#!09!9'%#,>(O%6!%(!+!602#,2%+:!(07'N#!90'!2O#!#>%20'(!N+,!>'+&!0,!&O#,!'#972%,?!N056#2.%,?!>%(N07'(#!2O'#+2#,%,?!2O#!>#(N'%62%0,!09!2O#!!"#$".1'0&!9#5%,%,%23*!

HO%(! (7-NO+62#'!O+(!>#+:2!&%2O! 2O#! '#6#'20%'#!09! 9'%#,>(O%6P!&O%NO! %(!6+'2! 09! 2O#!>%(N07'(#!09! 2O#! %>#+:!6#'90'5+,N#!09! 2O#!!"#$".1'0&! 9#5%,%,%23*!HO#! '#6#'20%'#!&+(! 90'5#>! -3! 2O#! '#N7''%,?! 2O#5#(! 09! 9'%#,>(! (7660'2%,?P! (O+'%,?! +,>! O+$%,?!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!F]!! 8##!4O+62#'!U*!D#:#,!K7':#3!='0&,!&+(!,02!2O#!907,>#'!09!!"#$"%"&'()*!_%2(!6'#>#N#((0'!JK/.

!"#$"%"&'()*!&+(! #(2+-:%(O#>! %,! F^^V`*! 8O#! >%>P! O0&#$#'P! 072:%,#! 2O#! 206%N(! 0,!&O%NO! 2O#!5+?+e%,#!%(!90N7(#>!#$#,!20>+3*!

! 8L().M)#)/*#')!!!^R!

! !

5727+:!7,>#'(2+,>%,?*!HO#!97,N2%0,!09!2O#!'#6#'20%'#!&+(!20!>#(N'%-#!+,!7,(#:9%(O!(%>#!09!2O#!!"#$".1'0&!&O#'#!2O#!90N7(!&+(!0,!%,2#'+N2%0,!&%2O!2O0(#!+'07,>!O#'*!B2!N0,(2'7N2(!+!(+9#23!6:+290'5P!&O%NO!2O#!!"#$".1'0&!,##>(!&O#,!9+N%,?!+>$#'(%.2%#(*! HO%(! '#6#'20%'#! O+(! 2O#! 602#,2%+:! 20! ,#72'+:%e#! N056#2%,?! >%(N07'(#(!&O%NO!2O'#+2#,!2O#!6#'90'5+,N#!09!!"#$".1'0&! 9#5%,%,%23h! 2O#'#90'#P! %2!+66#+'(! 20!099#'!60((%-%:%2%#(!90'!(0:72%0,(!%,!2O#!6'0-:#5.(0:72%0,!(NO#5+*!

E*]! H'07-:#c!4+'##'!L-(2+N:#(P!B::,#((!+,>!/((+7:2!

/!9%92O!'#6#'20%'#!%>#,2%9%#>!%,!2O#!#>%20'%+:(!&+(!2O+2!09!(0",[&/*!HO#!'#6#'20%'#!%(!90'5#>!-3!$+'%07(! 2O#5#(!(7NO!+(!(#d7+:!+((+7:2!+,>!%::,#((#(!&O%NO!5+3! %,2#'.9#'#!&%2O!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$"!1'0&!9#5%,%,%23*!HO#!'#6#'20%'#!6'#.6+'#(!2O#!!"#$"!1'0&!90'!5%(90'27,#!-3!+::0&%,?!O#'!20!:#+',!+-072!6'0-:#5(!+,>!>+,?#'! 2O'07?O!2O#!#d6#'%#,N#(!09!02O#'(*!HO7(P! 2O%(!'#6#'20%'#P!+:2O07?O!N'#+2#>!-3!2O#!#>%20'(P!N+,!-#!7,>#'(200>!20!9%::!+!97,N2%0,!(%5%:+'!20!2O+2!09!2O#!'#6#'20%'#!09! #502%0,+:! :#+',%,?! +,>! N0,,#N2#>! ;,0&%,?! %>#,2%9%#>! -3!D#'5#(! _FZZ]c! EFP!E]`! %,!O#'!(27>3!09! 2O#!'#+(0,(!&05#,!'#+>#'(!?%$#!90'!'#+>%,?!&05#,f(!5+?+.e%,#(*!8O#!907,>!2O+2!2O#!'#(60,>#,2(!%,!O#'!'#+>#'!%,2#'$%#&(!7(#>!2O#!'#6#'20%'#!20!>#(N'%-#!O0&!'#+>%,?!+-072!02O#'!6#06:#f(!2'07-:#(!N07:>!6'#6+'#!2O#5!90'!60(.(%-:#!6'0-:#5(!%,!2O#%'!0&,!:%$#(P!+,>!2#+NO!2O#5!&+3(!20!N06#!&%2O!5%(90'27,#*!HO#3! '#9#''#>! 20! 2O%(! +(! #502%0,+:! :#+',%,?!&O%NO! O#:6#>! 2O#5! 20! -#N05#! :#((!%,(#N7'#!%,!N+(#!09!#$#,2(!&O%NO!5%?O2!>%('762!2O#%'!:%$#(*!!

HO#! '#6#'20%'#! 09! 2'07-:#! %(! 90'5#>! -3! 2O#5#(! '#9#''%,?! 20! 6O3(%N+:! +,>! (#d7+:!$%0:#,N#!+,>! %::,#((#(P!-72!+:(0! 20!N0,(2'+%,2! 9'05P!90'! %,(2+,N#P!(0N%+:!6'+N2%N#(*!HO#!2O#5#!09!N0,(2'+%,2!%(!907,>P!90'!%,(2+,N#P!%,!2O#!90::0&%,?!6+((+?#*!

_FV`! B2!&+(!+,!%,2#'#(2%,?!>#-+2#!+,>!B!O#+'>!+!6O'+(#!9'05!JK/.4,)0B')*!! &'%2#'! =#+2'%d! 4+56-#::! 2O+2! B! O+>,z2! N05#! +N'0((! -#90'#*! 8O#! (+%>!! &05#,!&#'#,z2! (0!&0''%#>! +-072! 67(O%,?! 2O'07?O! 2O#! z?:+((! N#%:%,?z!! +,3!50'#!.!2O#3!&#'#!50'#!+99#N2#>!-3!z(2%N;3!9:00'(z*!<O+2!(O#!5#+,2!! &+(! 2O+2P! 20>+3P! 600'! (2+,>+'>(! 09! #>7N+2%0,! %,! (05#! N+(#(! +,>! ,02!! -#%,?!+-:#!20!?#2!-+N;!20!&0';!+92#'!(2+'2%,?!+!9+5%:3!0'!2+;%,?!+!(+-.! -+2%N+:P!&#'#!50'#!6'#((%,?!6'0-:#5(!2O+,!2O+2!09!5#,!6'#$#,2%,?!7(!! 9'05!'#+NO%,?!2O#!206!09!07'!N+'##'!:+>>#'(*!<05#,!?#2!(27N;!+2!O05#!! 0'!%,!+!'72P!(O#!#d6:+%,#>*!_G+,*!SE`!

40,(2'+%,2!%(!#$0;#>!-3!2O#!#d6'#((%0,(!1&)##.L/'&'*1!+,>!#('L]O.+&""0#!+,>!+:(0!%,!2O#!'#9#'#,N#!20!%""0.#()*B)0B#."+./B,L)('"*P!+(!&#::!+(!2O#!>%99%N7:2%#(!%,!?#22%,?!-+N;! 20!&0';! +92#'! O+$%,?! +! NO%:>! 0'! 2+;%,?! +! (+--+2%N+:*! HO#!1&)##. L/'&'*1! >#.(N'%-#(!2O#!%,$%(%-:#!:#$#:!0$#'!&O%NO!&05#,!(#:>05!+>$+,N#!6'09#((%0,+::3!n!0'!

^E!!!8L().M)#)/*#')!

!

+'#! +::0&#>! 20! +>$+,N#*!/:-#%2! 2O+2!5#,! +'#! ,0! :0,?#'!%0/7/*('*1!&05#,! 9'05!N:%5-%,?! 2O#! N+'##'! :+>>#'P! &05#,! N+,! (2%::! 9##:! 2O+2! 2O#3! +'#! ?:7#>! 20! #('L]O.+&""0#*!HO#!'#+(0,(!5+3!-#!%,(799%N%#,2!#>7N+2%0,!+,>!+:(0!2O#!+22%27>#!09!#56:03.#'(!&O0!5+3!,02!&+,2! 20! #56:03!307,?!&05#,*!/:2#',+2%$#:3P! 0,N#! #56:03#>P!307,?!&05#,!5+3! ,02! -#! +::0&#>! 20! '#27',! +92#'! +! :#+$#! n! '#?+'>:#((! 09! 2'+>#!7,%0,!+?'##5#,2(!+-072!5+2#',%23!:#+$#*!!

Q7'2O#'50'#P!2O#!2O#5#(!09!(#d7+:!+((+7:2!+,>!'+6#!+'#!2O#5#(!%,!2O#!'#6#'20%'#!09!2'07-:#*!<%2O!2O#(#!2O#5#(P!2O#!'#6#'20%'#!09!2'07-:#!7,>#'5%,#(!2O#!'#6#'20%'#!09!%,>#6#,>#,N#P!&O%NO! %(!+!N'7N%+:!6+'2!09! 2O#!>%(N07'(#!09! 2O#! %>#+:!6#'90'5+,N#*!HO#!2O#5#!09!'+6#!%(!%::7(2'+2#>!%,!2O#!90::0&%,?!6+((+?#(*!

_F\`! B!'#N#%$#>!O#+'2-'#+;%,?!:#22#'(!9'05!&05#,!&O0z>!-##,!+22+N;#>!-72!! O+>,z2! (60;#,! 20! +,30,#! +-072! %2! -#90'#*! /(! 307! ;,0&P! $#'3! 9#&!! &05#,!?0!20!2O#!60:%N#!20!'#60'2!2O#!N'%5#(!+?+%,(2!2O#5!(0!2O#3!,#$.! #'!?#2!'#9#''#>!20!(7660'2!,#2&0';(h!2O#3!>#+:!&%2O!2O#!6+%,!+:0,#*!<#!! >0,z2! &+,2! 2O+2! 20! O+66#,! +,350'#*!!"#$"! +66'0+NO#>!"+6#!4'%(%(!! +,>! 2O#! M#2'060:%2+,! C0:%N#z(! ?'07,>.-'#+;%,?! '+6#! %,$#(2%?+2%0,!! (k7+>!L6#'+2%0,!_90'5#':3!C'0W#N2`!8+66O%'#! 20!O#:6!7(! :00;! %,20!(#2! 2%,?!76!+!:%,#*!_Q#-*!USSE`*!

HO#! 2O#5#! 09! '+6#! %(! #$0;#>! 2O'07?O! #d6'#((%0,(! 09! (2'0,?! #502%0,! (7NO! +(!K/)0([0/)]'*1! +,>!O+$%,?! 20!B/)&.U'(K. (K/.%)'*.)&"*/*!HO#! 2O#5#! '#9#'(! 20!O0&!&05#,!5+3!-#!>07-:3!+99:%N2#>P!9%'(2!-3!O+$%,?!-##,!+((+7:2#>!+,>!2O#,!-3!-#%,?!:#92!+:0,#!20!>#+:!&%2O!2O#!6O3(%N+:!+,>!#502%0,+:!6+%,*!B2!%(!+:(0!6'#(#,2!%,!2O#!7(#!09! 2O#!6+((%$#!50>#! 20! N0,(2'7N2!&05+,!+(! 2O#!0-W#N2! +N2#>!760,h! 90'! %,(2+,N#P!U"$/*.UK"NB.[//*.)(()L]/B!+,>!(K/O.*/7/0.1/(.0/+/00/B*!HO#'#90'#P!%2!7,>#'5%,#(!2O#!2O#5#!09!N0,2'0:!9'05!2O#!'#6#'20%'#!09!%,>#6#,>#,N#c!+!&05+,!>0#(!,02!O+$#!2O#!60((%-%:%23!20!N0,2'0:!2O#!(%27+2%0,!&O#,!+((+7:2#>*!HO#!'+6#!$%N2%5(!O+$#![//*.)(()L]/B! %,! +! (%27+2%0,! 072(%>#! 2O#%'! N0,2'0:! +,>! 2O#3!*/7/0. 1/(. 0/+/00/B! 20! ,#2.&0';(!09!(7660'2*!/:(0P!2O#!&05#,!O+>!'#W#N2#>!2O#!062%0,!09!+:#'2%,?!2O#!60:%N#!%,!0'>#'!20!-'%,?!2O#!6#'6#2'+20'!20!W7(2%N#*!8##%,?!2O#!6#'6#2'+20'!67,%(O#>!N07:>!60((%-:3!O+$#!?%$#,!2O#5!+!9##:%,?!09!O+$%,?!N:+%5#>!-+N;!(05#!+507,2!09!N0,.2'0:!90'!2O#5(#:$#(*!!

HO#!'#6#'20%'#!09!2O#!%,>#6#,>#,N#!09!2O#!!"#$"!1'0&!+,>!NO0%N#!+,>!N0,2'0:!0$#'!O#'!:%9#(23:#!5+3!+:(0!-#!2O'#+2#,#>!-3!+!2O#5#!09!%::,#((!+(!%,!2O#!90::0&%,?!6+(.(+?#(*!

_F^`! pB2f(! '#+::3! (N+'3Pf! (O#! (+%>*! pBf5! (0! ?:+>! %2! >0#(,f2! +99#N2!5#*f! D#'!! 9'%#,>(!-02O!,0>>#>!%,!+?'##5#,2*!pB!;,0&Pf!0,#!09!2O#5!(+%>*!pHO+,;!! K0>!?%':(!:%;#!7(!>0,f2!?#2!8HB(*f!

! 8L().M)#)/*#')!!!^]!

! !

! B! &+(! (O0N;#>c!<#'#! 2O#3! $%'?%,(! 0'! 0,#.5+,! &05#,! &O0! O+>! +::!! 5+''%#>!0,#.&05+,!5#,r!L'!5+3-#!2O#3!O+>!,#$#'P!#$#'!O+>!7,6'0.! 2#N2#>!(#dP!,02!#$#,!&O#,!2O#3!&#'#!>'7,;*!=72!,0P! %2! 27',#>!072P!+(!! 2O#!N0,$#'(+2%0,!N0,2%,7#>P!2O+2!2O#%'!6#'N#%$#>!%557,%23!N+5#!9'05!! -#%,?!,%N#P!0'>%,+'3!&05#,P!&%2O!?00>!W0-(!+,>!9+(O%0,+-:#!N:02O#(P!! &O0! O+>! ,02NO#>! 76! 50'#! 2O+,! +! 9002-+::! 2#+5! -#2&##,! 2O#5P! -72!! &#'#!N7''#,2:3!&%2O!5#,! 2O#3! 2'7(2#>*!HO%(P! 2O#3!+?'##>P!5#+,2! 2O#3!! &#'#!8HB.9'##*!/,>!%2!5+>#!5#!2O%,;P!5+3-#!2O+2f(!&O3!2O#!8HB!'+2#(!! +'#! (0+'%,?! n!&05#,! :%;#! 7(! -#:%#$#! 8HB(! 0,:3! +99#N2! 02O#'! 6#06:#*!! _@0$*!USSE`*!

HO#!2O#5#!09!%::,#((!%(!907,>!%,!2O#!>%'#N2!,+5%,?!09!2O#!%::,#((!m8HBb!+,>!%2!N%'.N75(2+,N#(!+(!%,!,*%0"(/L(/B.#/S!+,>!2O#!-#:%#9!2O+2!CJD#."*&O.)++/L(."(K/0.%/"%&/*!B2!%(!+:(0!6'#(#,2!%,!#502%0,+:!'#9#'#,N#!(7NO!+(!#L)0O!+,>!JK)*].4"B*!HO#!#>%20'!%(!'#60'2%,?!+,>!N055#,2%,?!0,!+!:7,NO!N0,$#'(+2%0,!(O#!O+>!+NN%>#,2+::3!0$#'.O#+'>*! HO#! 2O#5#! 2#+NO#(! 2O#!!"#$"!1'0&! 20! -#&+'#! 09! 2O#! '%(;(! 09! N0,2'+N2%,?!%::,#((#(!+,>!,02! 20!>%('#?+'>! %,90'5+2%0,*!8O#! :#+',(! 2O+2!(2+2%(2%N(!(O0&!+!O%?O!%,N'#+(#! %,!8HB! N+(#(! +,>! 2O+2! #$#'30,#! (#d7+::3! +N2%$#! %(! #d60(#>P! +(! %,! (K)(N#.UKO.(K/.CJD.0)(/#.)0/.#")0'*1.Q.U"$/*.&']/.,#.[/&'/7/.CJD#."*&O.)++/L(."(K/0.%/"5%&/*!B,>##>P!2O#!+22%27>#!2O+2!%::,#((#(!0,:3!+99#N2!m02O#'!6#06:#b!%(!0,#!09!2O#!9+N.20'(!&O%NO!N0,2'%-72#! 20!(6'#+>%,?!2O#! %::,#((#(*!HO#!!"#$"!1'0&!+:(0! :#+',(! 2O+2!m6#'N#%$#>! %557,%23b! %(! +! 9+7:23P! +,>! >+,?#'07(P! -#:%#9*! D#'! 6'#(#,2! :%9#(23:#P!&%2O!+!?00>!W0-P!9+(O%0,+-:#!N:02O#(!+,>!O#'!'#:+2%0,(O%6!&%2O!+!'#:%+-:#!5+,P! %(!,0!?7+'+,2##! 2O+2! (O#!&%::!+$0%>! %,9#N2%0,*!HO#! %>#+:!6#'90'5+,N#!09! 2O#!!"#$".1'0&!9#5%,%,%23P!O#'!:%9#(23:#P!0'!&#+'%,?!2O#!'%?O2!2'#,>3!N:02O#(P!%(!,02!+!5#2O0>!09!6'02#N2%0,!+?+%,(2!8HB(*!!

B::,#((!&07:>!7,>#'5%,#! 2O#! :%9#(23:#!09! 2O#!!"#$".1'0&*!8O#!5+3!-#!+2! '%(;!-#.N+7(#!(O#!#d#'N%(#(!_0'!O+$#!#d#'N%(#>`!O#'!NO0%N#!+,>!N0,2'0:!+:(0!%,!O#'!(#d7+:!:%9#*!D#'!N:+%5(! 90'!#k7+:%23! %,!(0N%#23! %,N:7>#!O#'! '%?O2! 20!-#!(#d7+::3! :%-#'+2#>!+,>! 67'(7#! O#'! '#:+2%0,(O%6(! 0,! O#'! 0&,! 2#'5(*! HO#!5#2+6O0'! K)B. *"(LK/B. ,%.$"0/.(K)*.).+""([)&&.(/)$.[/(U//*.(K/$!N+''%#(!&%2O!%2!+((0N%+2%0,(!9'05!2O#!9%#:>!09!6'#>05%,+,2:3!5+:#!-#O+$%07'*!D7,2#'(!0'!(0:>%#'(P!90'!#d+56:#P!+'#!'#672#>!20!N+'$#!,02NO#(!0,!2O#!-722(!09!2O#%'!'%9:#(! 20!;##6!N07,2!09!2O#!,75-#'!09!6'#3!0'!#,#5%#(!2+;#,!>0&,*!H0!,02NO!76!%(!+:(0!%,90'5+:!:+,?7+?#!90'!+NO%#$%,?!(05#.2O%,?!0'!(#22%,?!+!'#N0'>c!+!N056+,3!N+,!,02NO!76!?+%,(!+,>!+!2#,,%(!6:+3#'!N+,!,02NO!76!+,02O#'!$%N20'3*!HO#!7(#!09! 2O#!5#2+6O0'!(7??#(2(! 2O+2! 2O#! 2O'##! :+>%#(!O+>!;#62!N07,2!09! 2O#%'!5#,! %,! 2O#!(+5#!&+3P!(#22%,?!+! '#N0'>!09! 2O#!,75-#'!09!6:+3#'(!%,!+!9002-+::!2#+5*!!

HO#!2O#5#(!09!'+6#!+,>!%::,#((!%,!2O#!'#6#'20%'#!09!2'07-:#!97,N2%0,!+(!+,!%,>%'#N2!'#9#'#,N#! 20! 2O#! 2O#5#(!09!NO0%N#!+,>!N0,2'0:! %,! 2O#!'#6#'20%'#!09! %,>#6#,>#,N#*!

^V!!!8L().M)#)/*#')!

!

HO#3!60%,2!20!+'#+(!%,!:%9#!(7NO!+(!(#d7+:!$%0:#,N#!+,>!(#d7+:!O#+:2O!%((7#(!0$#'!&O%NO!2O#!!"#$"!1'0&!5+3!O+$#!:%22:#!0'!,0!N0,2'0:*!8O#!5+3!2+;#!6'#N+72%0,(!20!+$0%>!6'0-:#5(!09!2O%(!,+27'#!-72!2O#'#!+'#!,0!?7+'+,2##(!2O+2!(O#!&%::!-#!(+9#*!8O#!%(!%,!>+,?#'!09!-#N05%,?!2O#!0-W#N2!+N2#>!760,*!B,!2O#!#d+56:#!+-0$#!2O#!#>%20'!'#60'2(! 2O#! 307,?!&05#,! 7(%,?! 2O#! +5-%?707(! $#'-! m?#2b! %,! NJK)*].4"B. 1'0&#.&']/.,#.B"*N(.1/(.CJD#VN!4/(!5+3!5#+,!20!+Nk7%'#!-72!%2(!5#+,%,?!09!+N2%$#:3!+N.k7%'%,?!(05#2O%,?!%(P!,+27'+::3P!072!09!2O#!k7#(2%0,!%,!2O%(!N0,2#d2!&O#'#!%::,#((!%(!20!-#!+$0%>#>*!L,#!60((%-:#!'#+>%,?!%(!2O+2!2O#!$#'-!%(!7(#>!20!>#,02#![/.1'7/*!0'![/.'*+&'L(/B.[O*!HO7(P!2O#!7(#!09!2O%(!2'+,(%2%$#!$#'-!%,!2O#!+N2%$#!$0%N#!97,N2%0,(!20!N0,(2'7N2!2O#!(7-W#N2!+N2#>!760,P!#$#,!&%2O072!2O#!7(#!09!2O#!6+((%$#!$0%N#*!!

HO%(! (7-NO+62#'! O+(! >#+:2!&%2O! 2O#! '#6#'20%'#! 09! 2'07-:#P! 2O#! #d%(2#,N#! 09!&O%NO!&+(!-'%#9:3!(7??#(2#>!%,!2O#!#>%20'%+:(*!B2(!2O#5#(!&#'#!2O0(#!09!N0,(2'+%,2P!%::,#((P!$%0:#,N#!+,>!'+6#*!HO#%'!67'60(#P!+,>!2O+2!09!2O#!&O0:#!'#6#'20%'#P!&+(!20!6'#6+'#!2O#!'#+>#'!90'!60((%-:#!5%(90'27,#!%,!O#'!:%9#*!/:2O07?O!5+'?%,+:!%,!2O#!#>%20'%+:(P!2O#!'#6#'20%'#!97,N2%0,#>!20!%,2'0>7N#!2O#!>#(N'%62%0,(!09!2'07-:#!&O%NO!&#'#!>#.$#:06#>!%,!97::!%,!2O#!9#+27'#!(20'%#(!6'060(#>!%,!2O#!#,(7%,?!N0,2#,2(!09!2O#!5+?.+e%,#*!HO7(P!2O%(!'#6#'20%'#!%>#,2%9%#>!+:'#+>3!%,!2O#!#>%20'%+:(!6'0$%>#(!2O#!907,.>+2%0,!90'!+,(&#'%,?!'#(#+'NO!k7#(2%0,!U!N0,N#',%,?!2O#!'#6#'20%'#(!09!2O#!9#+27'#!(20'%#(!20!-#!>%(N7((#>!%,!>#2+%:!%,!4O+62#'!]*!!

E*V! 8755+'3!

HO%(!NO+62#'!O+(!>#+:2!&%2O!2O#!'#6#'20%'#(!&O%NO!90'5!2O#!5+?+e%,#f(!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23*!B,!+,(&#'!20!'#(#+'NO!k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

HO#!'#6#'20%'#!09! 2O#! %,>#6#,>#,N#!%,!!"#$"!1'0&! 9#5%,%,%23!&+(!90'5#>!-3!2O#!2O#5#(!09!O+$%,?!NO0%N#!+,>!N0,2'0:!%,!:%9#*!HO#(#!2O#5#(!09!NO0%N#!+,>!N0,2'0:!'#N7''#>!%,>#6#,>#,2:3!+,>!+:(0!%,2#'5%,?:#>!&%2O!2O#!2O#5#(!09!02O#'!'#6#'20%'#(*!HO#!!"#$"!1'0&!&+(!>#(N'%-#>!+(!+?#,2%$#!%,!+::!9%#:>(!09!:%9#*!8O#!O+>!2O#!NO0%N#!09!2O#!6'09#((%0,P!2O#!N+'##'!+,>!:%9#(23:#!(O#!&+,2#>*!8O#!O+>!N0,2'0:!09!O#'!-0>3!+,>!%>#+:!6#'90'5+,N#!09!!"#$".1'0&!9#5%,%,%23P!0'!&0';#>!20!?+%,!2O+2!N0,2'0:!-3!

! 8L().M)#)/*#')!!!^\!

! !

>0%,?!-0>3!+,>!-#+723!&0';P!+,>!-3!N0,(75%,?*!40,(7562%0,P!N0,(2'7N2#>!+(!+!N0,>%2%0,!90'!+NO%#$%,?!N0,2'0:P!&+(!+2!2O#!-+(%(!09!O#'!-#O+$%07'*!!

HO#!2O#5#(!09!NO0%N#!+,>!N0,2'0:!>#(N'%-#>!O0&!2O#!!"#$"!1'0&!&+(!90N7(#>!0,!O#'(#:9!+,>!O#'!#502%0,(P!+,>!2O#!>#(N'%62%0,(!+NN#62#>!O#'!(#:9.N#,2#'#>,#((*!HO#!'#+>#'!&O0!&+(P!0'!&07:>! :%;#! 20!-#P!+!!"#$"!1'0&!&+(!099#'#>!(7??#(2%0,(!+,>!+>$%N#!%,(2'7N2%,?!O#'!20!N0,N#,2'+2#!0,!O#'!0&,!,##>(!+,>!O#'!0&,!(+2%(9+N2%0,*!HO#!#>%20'%+:(!&#'#!907,>!20!+>$%(#!O#'!O0&!20!6#'90'5!+2!O#'!-#(2P!-#!O+663!+,>!#,W03! O#'! :%9#(23:#*! 8+2%(9+N2%0,! %,! 2O#! (3,2O#2%N! (%(2#'O00>! >#'%$#>! 9'05! O+$%,?!-0>3!N0,9%>#,N#!+,>!&0';%,?!(7NN#((97::3!20!+NO%#$#!%2P!97:9%::%,?!(O066%,?!7'?#(P!>#(N'%-#>!+(!O+$%,?!-+:+,N#!%,!:%9#P!+,>!(#d7+:!(+2%(9+N2%0,*!B,!N0,2'+(2!20!O#'!90.N7(!0,!O#'(#:9P!2O#!2O#5#!09!9'%#,>(!+,>!6+'2,#'(!&+(!6'#(#,2!+,>!2O#!'#6#'20%'#!09!9'%#,>(O%6! >#(N'%-#>! 2O#! ,7'27'%,?! 09! '#:+2%0,(O%6(*! @#$#'2O#:#((P! 02O#'! 6#06:#!+66#+'#>!20!-#!N0,(2'7N2#>!+:50(2!+(!(7660'2%,?!+N20'(!+,>!2O#+2'%N+:!6'06(P!&O%:#!2O#!:%5#:%?O2!&+(!0,!2O#!!"#$"!1'0&!+:0,#*!

Q7'2O#'50'#P!2O#!(#:9.N#,2#'#>,#((!09!2O#!!"#$"!1'0&!&+(!N0,(2'7N2#>!+(!+NN#62+.-:#!%,!(2+2#5#,2(!&O%NO!#56O+(%e#>!2O#!%,>%$%>7+:!+,>!>%5%,%(O#>!(0:%>+'%23!-#.2&##,!&05#,*!HO#!!"#$"!1'0&!N:+%5#>!#k7+:%23!%,!6'09#((%0,+:!+,>!6#'(0,+:!:%9#P!&%2O072! ,#N#((+'%:3! ;,0&%,?! 2O+2! #k7+:%23! 20>+3! 5+3! -#! 2O#! '#(7:2! 09! 9#5%,%(2!(2'7??:#! %,! 2O#! 6+(2*! D0&#$#'P! 2O#! !"#$"%"&'()*! $#'(%0,! 09! 9#5%,%(5! &+(! ,0!:0,?#'!20!-#!7,>#'(200>!+(!+!N0,N#62!09!N0::#N2%$#!(0:%>+'%23!-#2&##,!&05#,P!-72!+(!+!pNO0%N#f!&O%NO!&+(!#d6'#((#>!%,!2#'5(!09!%,>%$%>7+:!+N2%0,*!HO#!!"#$"!1'0&!&+(!+2!:%-#'23!20!5+;#!2O#!NO0%N#!09!%,$#(2%,?!%,!O#'(#:9!%,!0'>#'!20!#,W03!O#'(#:9*!H0!5+;#!NO0%N#(!&+(!N0,(2'7N2#>!+(!-#%,?!%,!N0,2'0:h!20!5+;#!2O#5!&+(!#560&.#'%,?*!H0!5+;#!2O#!'%?O2!0,#(!&+(!2O#!%>#+:!6#'90'5+,N#!09!!"#$".1'0&!9#5%,%,%.23*!

B,!+>>%2%0,P!+!'#6#'20%'#!09!N0,(75#'%(5!&+(!907,>!20!'#N7'!+,>!%,2#'+N2!&%2O!2O#!'#6#'20%'#(! 09! 2O#! !"#$". 1'0&*! HO#! 2O#5#(! 09! 2O%(! '#6#'20%'#! &#'#! (O066%,?P!+&+'#,#((!09!9+(O%0,!2'#,>(P!+,>!(23:%,?!+,>!2O#3!%,2#'5%,?:#>!&%2O!2O#5#(!9'05!02O#'!'#6#'20%'#(P!6+'2%N7:+':3!2O0(#!09!%,>#6#,>#,N#!+,>!6:#+(7'#*!@#$#'2O#:#((P!%2!N+,! -#! +'?7#>! 2O+2! 2O#! 6'#((7'#! 20! N0,(75#! -#N05#(! 0,#! 90'5! 09! N0,(2'+%,2! 20!%,>#6#,>#,N#*!HO#!'#N7''%,?!'#9#'#,N#(!20!N0,(75#'%(5!%,!2O#!'#6#'20%'#!09!6:#+(.7'#!>#(N'%-#!O0&!-3!N0,(75%,?P! (O#! %,$#(2(! %,!6:#+(7'#P! %,!O#'(#:9!+,>!O#'!6#'.90'5+,N#*!8O#!%(!N0,(2'7N2#>!+(!+!N0,(75#'!+,>!+>>'#((#>!+(!0,#*!/:2O07?O!(O#!%(!>#(N'%-#>!+(!O+$%,?!N0,2'0:!O#'!0&,!:%9#P!(O#!>0#(!,02!O+$#!2O#!NO0%N#!09!,02!N0,.(75%,?*!40,(75%,?!20!N'#+2#!O#'!:%9#(23:#!%(!,0'5+:%e#>!+(!+!6+22#',!09!-#O+$%07'P!+,>!O#'!0,:3!NO0%N#!+(!+!N0,(75#'!%(!-#2&##,!6'0>7N2(*!8O#!N+,,02!NO00(#!,02!20!N0,(75#*! B,! 2O%(! '#(6#N2! O#'! N0,2'0:P! +,>! 2O7(!O#'! %,>#6#,>#,N#P! +'#! :%5%2#>!-3!+>$#'2%(%,?P!5+';#2%,?!+,>!2O#!6'0>7N2%0,!09!N0,(75#'!?00>(*!40,(#k7#,2:3P!2O#!NO0%N#(!09!2O#!(#:9.N0,9%>#,2P!072?0%,?!!"#$"!1'0&!+'#!'#(2'%N2#>!-3!2O#!+?#,>+!09!

^^!!!8L().M)#)/*#')!

!

N0,(75#'%(5! #d6'#((#>! %,! 2O#! 5+?+e%,#! +,>! (7660'2#>! -3! %2(! +>$#'2%(#'(*! HO#!>#5+,>(! 09! N0,(75#'%(5! '#(2'%N2! O#'! -#O+$%07'! +,>! +22%27>#(P! 6'0562%,?! O#'! 20!90N7(!0,!2O#!:%9#(23:#!6'0502#>!-3!2O#!5+?+e%,#*!B,!2O%(!'#(6#N2P!2O#!N0,2#560'+'3!p,#&!&05+,f!%(!+(!57NO!+!6'%(0,#'!09!2O#!5+';#2!90'N#(!+(!&+(!2O#!FZ2O!N#,27'3!&05+,!09!O#'!O7(-+,>!0'!9+5%:3*!

/:'#+>3!%,!2O#!#>%20'%+:(P!2O#!!"#$"!1'0&f(!#d#'N%(#!09!O#'!%,>#6#,>#,N#!%(!(7-W#N2!20!:%5%2+2%0,(!-02O!0,!2O#!:#$#:!09!6#'(0,+:!-#O+$%07'P!+,>!0,!2O#!:#$#:!09!N0,>%.2%0,(!(#2!-3!(0N%#23*!L,!2O#!6#'(0,+:!:#$#:!2O#'#!+'#!2O#5#(!09!&+',%,?!+-072!+22%.27>#(!9'05!5#,!+,>!#502%0,+:!%((7#(!&O%NO!5%?O2!'#(2'%N2!O#'!NO0%N#!+,>!N0,2'0:*!Q0'!%,(2+,N#P!2O#'#!&#'#!O%,2(!+-072!-#%,?!200!+?#,2%$#c!2O+2!5%?O2!5+;#!O#'!:#((!+22'+N2%$#!20!5+:#!6+'2,#'(!_(O#!+>062(!+!6+((%$#!'0:#!+,>!#U""*#.&O#,!9+N#>!&%2O!+,!+22'+N2%$#!5+:#c!I>P!8#62*!USSE`*!M#,!%,!?#,#'+:!&#'#!N0,(2'7N2#>!+(!O+$%,?!+,!%,+-%:%23!20!'#:+2#!20!N+6+-:#!&05#,P!60((%-:3!-#N+7(#!2O#3!907,>!%2!50'#!>%99%N7:2!20! 7,>#'(2+,>! 0'! N0,2'0:! 2O#(#! &05#,*! B,! 2O%(! '#(6#N2! 2O#! +>$%N#! ?%$#,! 20! 2O#!!"#$"!1'0&!09!2O#!UF(2!N#,27'3!&+(!,0!>%99#'#,2!9'05!+>$%N#!20!O#'!(%(2#'(!2O%'23!0'!9%923!3#+'(!6'#$%07(:3*!!

B,! 2O#! #>%20'%+:(P! '#9#'#,N#(!5+>#! 20! :%5%2+2%0,(! %560(#>! 0,! 2O#!!"#$"!1'0&! -3!(0N%#23!N+5#!%,!2O#!90'5!09!%56:%N%2!,0'5(!09!-#O+$%07'*![0$#P!90'!%,(2+,N#P!&+(!N0,(2'7N2#>!+(!O+$%,?!2O#!(+5#!#99#N2!0,!+!&05+,!+(!>7'%,?!6'#$%07(!?#,#'+2%0,(c!:0$#! %,! 2O#!UF(2! N#,27'3! (2%::!5+;#(! 2O#!!"#$"!1'0&!#U""*! _I>P!8#62*!USSE`P! +:2.O07?O!2O+2!:0$#!%(!+!5+22#'!2O+2!>#9%#(!(N%#,2%9%N!+,+:3(%(!+,>!:%#(!072(%>#!2O#!N0,.2'0:!09!O75+,!-#%,?(*!H'+>%2%0,+:!$+:7#(!09!9#5+:#!%>#,2%23P!(7NO!+(!:0$#!+,>!'#:+.2%0,(O%6(P!2O7(!?0$#',#>!_+,>!(2%::!20>+3!?0$#',`!2O#!#>%20'%+:!60:%N3!09!2O#!5+?+.e%,#*!!

HO#! '#6#'20%'#(! %,2'0>7N#>! %,! 2O#! #>%20'%+:(! (#'$#>! 20! N0,(2'7N2! 2O#! 5+?+e%,#f(!>%(N07'(#!+-072!2O#!%>#+:!6#'90'5+,N#!09!!"#$".1'0&!9#5%,%,%23!+(!2'7#!+,>!'#:#.$+,2!20!2O#!'#+>#'*!@#$#'2O#:#((P!20!6'#(#'$#!%2(!N'#>%-%:%23P!2O#!5+?+e%,#!,##>(!20!%,2'0>7N#!m+72O#,2%Nb!,+''+2%$#(!9'05!2O#!(%27+2#>!&0':>!&O#'#! :%$#(!5+3!-#!072!09!N0,2'0:*!HO#!N'#>%-%:%23!09!2O#!5+?+e%,#!%(!#((#,2%+:!&O#,!%2!6'0N##>(!20!099#'!+>$%N#P!6+'2%N7:+':3!+>$%N#!0,!O0&!20!>#+:!&%2O!2'07-:#*!/:'#+>3!%,!2O#!#>%20'%+:(P!+! '#6#'20%'#! 09! 2'07-:#! 6'#6+'#>! 2O#!!"#$". 1'0&! 90'!5%(90'27,#! +,>! +>$%(#>! O#'!O0&! 20! +$0%>! >+,?#'(*! B2! ?+$#! #d+56:#(! 09! (%27+2%0,(!&O#'#! +!&05+,! >0#(! ,02!O+$#!N0,2'0:P!(7NO!+(!9+::%,?!$%N2%5!20!'+6#!0'!%::,#((#(*!B2!(7??#(2#>!2O+2!2O#'#!+'#!%,(2+,N#(!&O#'#!&05#,!+'#!-#%,?!+N2#>!760,P!&O%NO!%(!,02!%,!:%,#!&%2O!2O#!!"#$".1'0&!6#'90'5+,N#*!!

B,!&O+2!90::0&(P!2O#!6'0-:#5(!&O%NO!!"#$"%"&'()*!N0,(2'7N2(!90'!2O#!!"#$".1'0&!&%::!-#!>%(N7((#>P!+(!&#::!+(!2O#!+>$%N#!2O#!5+?+e%,#!6'060(#(!2O+2!(O#!&%::!,##>!%,!0'>#'!20!>#+:!&%2O!2'07-:#*!HO#!+>$%N#!09!2O#!5+?+e%,#!%(!>'#((#>!+(!#d+56:#(!

! 8L().M)#)/*#')!!!^Z!

! !

09!(0:72%0,(!20!60((%-:#!6'0-:#5(P!+,>!%2!(#'$#(!20!,#72'+:%e#!2O#!'#6#'20%'#(!&O%NO!60(#!+!2O'#+2!20!%2(!>05%,+,2!>%(N07'(#P!2O+2!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#5$".1'0&!9#5%,%,%23*!

B2!%(!,0&!N:#+'!2O+2!%,!+>>%2%0,!20!m(7?+'!+,>!(6%N#!+,>!+::!2O+2f(!,%N#bP!:%22:#!?%':(!+'#!5+>#! 09! %,>#6#,>#,N#P! 6:#+(7'#P! 9'%#,>(O%6P! +,>! 2O#! 7'?#! 20! N0,(75#*! HO#!k7#(2%0,!%(P!O0&!2O#3!&%::!O0:>!2O#%'!0&,!+?+%,(2!2O#!&0';%,?!09!m9'0?(!+,>!(,+%:(!+,>!67663.>0?(f!2+%:(b*!_6S+"0B.W'L('"*)0O."+.H,0#/0O.EKO$/#!FZVZc!FSSnFSF`!

!

!

ZS!!!8L().M)#)/*#')!

!

]! QI/H1"I!8HL"BI8c!HDI!8BH1/HI)!<L"[)!MIIH8!HDI!MI)B/HI)!<L"[)!!!

B,! 2O#! %,2'0>7N2%0,! 20! 2O%(! 2O#(%(P! 2O#! 5+?+e%,#! &+(! NO+'+N2#'%e#>! +(! +! 90'75!&O#'#!#>%20'(!+,>!'#+>#'(!+'#!%,$0:$#>!%,!+!N0,2%,707(!'#N%6'0N+:!>%+:0?7#*!HO%(!90'75!+:(0!-#N05#(!+,!'*(/0+)L/!&O#'#!2O#!5+?+e%,#f(!>%(N07'(#!09!2O#!%>#+:!6#'.90'5+,N#!09!!"#$"!1'0&! 9#5%,%,%23!5##2(!>%(N07'(#(! 2O+2!NO+::#,?#! %2*!/,! %,2#'.9+N#!5+3!-#!+,!%,2#',#2!-'0&(#'!%,2#'+N2%,?!&%2O!02O#'!6%#N#(!09!(092&+'#!0,!2O#!N05672#'P!0'!50'#!2+,?%-:3!2O#!;#3-0+'>!#,+-:%,?!2O#!7(#'!20!N0,,#N2!20!2O#!N05.672#'*!HO#! 90'75!09! 2O#!5+?+e%,#!099#'(! 9#+27'#! (20'%#(! %,!&O%NO! 2O#! '#6#'20%'#(!9'05! 2O#! #>%20'%+:(! _2O0(#! 09! %,>#6#,>#,N#P! 6:#+(7'#P! N0,(75#'%(5P! 9'%#,>(O%6P!+,>! 2O+2! 09! 2'07-:#P! &O%NO! &+(! 0,:3! O%,2#>! +2`! +'#! W0%,#>! -3! ,#&! '#6#'20%'#(*!HO#(#!+'#!'#6#'20%'#(!09!$+'%07(!90'5(!09!2'07-:#!N0,(2'7N2%,?!+!B'#L",0#/."+.(0",5[&/!&O%NO!7,>#'5%,#(!2O#!>05%,+,2!>%(N07'(#!09!2O#!5+?+e%,#*!I+NO!09!2O#(#!'#6.#'20%'#(! >#(N'%-%,?! 2'07-:#! %(! 90'5#>! -3! (6#N%9%N! 2O#5#(! 09! (#d%(5P! O+'+((5#,2P!-#2'+3+:P!$%0:#,N#P!(#d7+:!+((+7:2!+,>!'+6#P!>'%,;%,?!O+-%2(P!%::,#((!+,>!+NN%>#,2(*!HO#3! +'#! >%(N7'(%$#! N0,(2'7N2%0,(! 09! N7:27'+:! +,>! (0N%+:! 6'+N2%N#(! ?#,#'+2#>! %,!&#(2#',!(0N%#23!+,>!%,!2O#!&#(2#',!&0':>!09!;,0&:#>?#*!HO7(!%,!2O#!9#+27'#!(20'%#(!+!0/%/0("'0/."+.(K/.%0'L/."+.L"*#,$/0'#$!NO+::#,?#(!2O#!'#6#'20%'#!09!N0,(75#'%(5!09!2O#!#>%20'%+:(P!&O#'#!N0,(75#'%(5!%(!>#(N'%-#>!+(!+!60(%2%$#!+,>!>#(%'+-:#!-#.O+$%07'*!Ik7+::3!2O#!0/%/0("'0/."+.(K0/)(#.(".(K/.&'+/#(O&/."+.(K/.!"#$".1'0&!NO+:.:#,?#(!2O#!'#6#'20%'#!09!9'%#,>(O%6!+,>!&%2O!%2!2O0(#!09!%,>#6#,>#,N#!+,>!6:#+(7'#*!/:(0!+!0/%/0("'0/."+.(K0/)(#.",(#'B/.(K/.L"*(0"&."+.(K/.!"#$".1'0&!NO+::#,?#(!2O#!'#6#'20%'#(!09!%,>#6#,>#,N#!+,>!6:#+(7'#*!Q%,+::3P!+!,#&!'#6#'20%'#!#5#'?#(P!+,>!2O+2!6'0$%>#(!#d+56:#(!09!O0&!20!>#+:!&%2O!2'07-:#*!HO%(!N+,!-#!>#(N'%-#>!+(!2O#!0/%/0("'0/."+.0/5'*7/*('*1.(K/.!"#$".1'0&P.&O0!%(!?%$#,!+>$%N#!+-072!O0&!20!>#+:!&%2O! 2'07-:#V! HO%(! ,#&! '#6#'20%'#! ,#72'+:%e#(! 2O#! >%(N07'(#! 09! 2'07-:#! +,>! O#:6(!2O#!!"#$".1'0&!20!'%(#!9'05!2O#!+(O#(!:%;#!+!CO0#,%d*!

HO#!N7''#,2! NO+62#'!&%::!>#+:!&%2O! 2O#!N056#2%2%0,!-#2&##,! 2O#!5+?+e%,#f(!>%(.N07'(#! 09! 2O#! %>#+:! 6#'90'5+,N#! 09!!"#$"!1'0&! 9#5%,%,%23! +,>! 2O#! >%(N07'(#! 09!2'07-:#! %,! 2O#!9#+27'#!(20'%#(!_O#,N#90'2O!Q8`*!HO#!+,+:3(%(! %(!(#2!0,! 2O#! :#$#:!09!'#6#'20%'#(!+,>! 2O#! 2O#5#(!&O%NO!90'5!2O#5*!M0(2! %560'2+,2:3P! 2O#!NO+62#'!&%::!(O0&!2O#!N0,(2'7N2%0,!09!+!,#&P!#'S(K!'#6#'20%'#!+'%(%,?!072!09!2O#!9#+27'#!(20'%#(!+,>!>#(N'%-%,?!O0&!2O#!!"#$"!1'0&!N+,!'#?+%,!N0,2'0:*!HO'07?O!2O#!#d+56:#(!09!+!!"#$".1'0&!%,!2'07-:#!&O%NO!%2!099#'(P!2O%(!'#6#'20%'#!N'#+2#>!-3!2O#!#>%20'(!(#'$#(!2O#!5+?+e%,#p(!67'60(#!09!-'%,?%,?!2O#!NO+::#,?%,?!>%(N07'(#!+,>!%2(! '#6#'20%'#(!%,20!:%,#!&%2O!%2(!>05%,+,2!>%(N07'(#*!HO#(#!#d+56:#(!'#(#5-:#!2O0(#!09!2O#!'#+>.#'.N0,(2'7N2#>! '#6#'20%'#! 09! N0,,#N2#>! ;,0&%,?! +,>! 6'+N2%N+:! ;,0&:#>?#! %>#,2%.9%#>!-3!D#'5#(!_FZZ]c!EFP!E]`c!2O#3!+'#!7(#97:!+,>!+66:%N+-:#!%,!2O#!#$#,2!09!2'07.-:#*!HO#!N7''#,2!NO+62#'!&%::!6'0$%>#!+,(&#'(! 20! '#(#+'NO!k7#(2%0,!U!N0,N#',%,?!

! 8L().M)#)/*#')!!!ZF!

! !

2O#!>%(N07'(#(! %,2'0>7N#>! %,! 2O#!9#+27'#!(20'%#(!+,>! 2O#%'! 97,N2%0,P!+(!&#::!+(!'#.(#+'NO!k7#(2%0,!RP!N0,N#',%,?!O0&!2O#!5+?+e%,#!>#+:(!&%2O!N056#2%,?!>%(N07'(#(*!!

HO#!+((7562%$#!O3602O#(%(!09!2O%(!2O#(%(!O+(!-##,!2O+2!!"#$"%"&'()*!0,!+!5+N'0.:#$#:!'#>7N#(!2O#!N0,9:%N2!-#2&##,!%2(!>05%,+,2!>%(N07'(#!n!2O+2!09!2O#!%>#+:!6#'.90'5+,N#!09! 2O#!!"#$".1'0&! 9#5%,%,%23!n!+,>!N056#2%,?!>%(N07'(#(P! (6#N%9%N+::3!2O#! >%(N07'(#! 09! 2'07-:#P! 20! +! p6'0-:#5.(0:72%0,f! 9'+5#*!HO#!5+?+e%,#! 6'0$%>#(!2O#!'#+>#'!&%2O!N056#2%,?!>%(N07'(#(!09!9#5%,%,%23P!0,#!-#%,?!2O#!>05%,+,2!>%(.N07'(#!09!2O#!N055#'N%+::3!>'%$#,!6#'90'5+,N#!09!!"#$"!1'0&!9#5%,%,%23P!&O#'#.+(! 2O#! 02O#'! >#(N'%-#(! p+72O#,2%Nf! 6#'90'5+,N#(! %,! 2O#! (%27+2#>! &0':>P! 2O#'#-3!NO+::#,?%,?!2O#!90'5#'!+,>P!+NN0'>%,?:3P!2O#!N'#>%-%:%23!09!2O#!5+?+e%,#*!H0!(7N.N##>!+(!+!N0,$%,N%,?!+>$%(#'P! W07',+:%(2%N!6'0>7N2P!+,>P!7:2%5+2#:3P!+(!+!-7(%,#((!#,2#'6'%(#P!2O#!5+?+e%,#!,##>(!20!76O0:>!%2(!N'#>%-%:%23!-3!>%(6:+3%,?!m+&+'#,#((!09! '#+:! :%9#b! %,! 2O#!(%27+2#>!&0':>*!HO#'#90'#P! %2! (2'#,?2O#,(! %2(!0&,!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23!-3!+::0&%,?!%,!N056#2%,?!>%(.N07'(#(!+:-#%2!&%2O!2O#!67'60(#!09!,#72'+:%e%,?!2O#5*!

B,!&O+2!90::0&(P!9%'(2!2O#!>%(N07'(#!09!2O#!!"#$".1'0&! %,!2O#!9#+27'#!(20'%#(P!&%2O!%2(! '#6#'20%'#(! 09! %,>#6#,>#,N#P! 6:#+(7'#P! N0,(75#'%(5P! +,>! 9'%#,>(O%6! &%::! -#!>%(N7((#>! +,>! W7d2+60(#>! 20! 2O#! >%(N07'(#! 09! 2'07-:#! NO+::#,?%,?! %2! 2O'07?O! 2O#!'#6#'20%'#(!09!2O#!6'%N#!09!N0,(75#'%(5P!2O'#+2(!20!2O#!:%9#(23:#!09!2O#!!"#$".1'0&P!+,>! 2O'#+2(!072(%>#! 2O#!N0,2'0:!09! 2O#!!"#$".1'0&*!8#N0,>:3P! 2O#!'0:#!09! 2O#!,#&!'#6#'20%'#!>#(N'%-%,?!O0&!2O#!!"#$".1'0&!N+,!'#N:+%5!N0,2'0:!&%::!-#!>%(N7((#>!%,!'#:+2%0,!20!2O#!'#6#'20%'#(!09!2O#!>%(N07'(#!09!2'07-:#*!!

]*F! HO#!C'%N#!09!40,(75#'%(5!

B,! 2O#! (%27+2#>! &0':>! 09! 20>+3P! 2O#!!"#$"! 1'0&! %(! (7-W#N2#>! 20! 2O#! >#5+,>(! 09!N055#'N%+:!%,2#'#(2(!#d6'#((#>!%,!2O#!5#>%+2#>!&0':>!09!N0,(75#'%(5*!B2!2#::(!O#'!O0&!20!:00;!+,>!>'#((!+,>!O0&!20!6#'90'5!O#'!9#5%,%,%23*!B2!2#::(!O#'!2O+2!(O#!#,.W03(!N0,(75%,?!+,>!2O+2!(O#!&%::!9%,>!6:#+(7'#!%,!:00;%,?!?00>*!M0'#0$#'P!%2!2#::(!O#'!&O+2!20!N0,(75#!%,!0'>#'!20!+NO%#$#!2O#!9##:%,?!09!6:#+(7'#*!HO%(!(7-NO+62#'!&%::!>#+:!&%2O!2O#!'#6#'20%'#!09!N0,(75#'%(5!907,>!%,!2O#!9#+27'#!(20'%#(P!&O#'#!%2!%(!7,%2#>!&%2O!%,>#6#,>#,N#!+,>!6:#+(7'#P!+,>!2O#,!&%2O!2O#!&+3!%2!%(!NO+::#,?#>!-3!2O#!'#6#'20%'#!09!2O#!6'%N#!09!N0,(75#'%(5*!B,!2O#!9#+27'#!(20'%#(!+(!%,!2O#!#>%20.'%+:(P!2O#!'#6#'20%'#!09!N0,(75#'%(5!&+(!907,>!20!%,2#'+N2!&%2O!2O#!'#6#'20%'#(!09!%,>#6#,>#,N#! +,>! 6:#+(7'#*!HO#! '#6#'20%'#! %(! #d6+,>#>!&%2O! 2O#! ,#&! 2O#5#(! 09!50,#3!+,>!20;#,(!09!(7NN#((*!HO#!2O#5#!09!50,#3!+:(0!'#9#'(!20!2O#!'#6#'20%'#!09!%,>#6#,>#,N#!N0,(2'7N2%,?!%2!2O'07?O!#N0,05%N!(#N7'%23*!HO#!2O#5#!09!20;#,(!09!(7NN#((! +:(0! '#9#'(! 20! 2O#! '#6#'20%'#!09!6:#+(7'#h! 2O#'#! %(! 6#'(0,+:!6:#+(7'#! 9'05!

ZU!!!8L().M)#)/*#')!

!

0&,%,?! +,>! 7(%,?! 20;#,(! 09! (7NN#((! (7NO! +(! #dN:7(%$#! -'+,>#>! 9+(O%0,! %2#5(*!_@##>:#((! 20!(+3P! 2O%(! %(!3#2!+,02O#'!&+3!09!6#'90'5%,?!0,#f(! %,>#6#,>#,N#!+,>!5#>%+2#>!%>#,2%23*`!HO#!!"#$".1'0&!#d6#'%#,N#(!%,>#6#,>#,N#!2O'07?O!50,#3!+,>!>#'%$#(! >07-:#! 6:#+(7'#! 9'05! -#%,?! (7NN#((97:c! 2O#! 6:#+(7'#! 09! O#'! (7NN#((! +,>!6:#+(7'#!9'05!2O#!20;#,(!09!O#'!(7NN#((*!D0&#$#'P!2O#!'#6#'20%'#!09!N0,(75#'%(5!+:(0! 6:+N#(! >#5+,>(! 0,! O#'h! 2O#! '#(7:2! %(! 2O#5#(! %,>%N+2%,?! +! '#6#'20%'#! 09! 2O#!6'%N#!09!N0,(75#'%(5*!

/(!(##,!+:'#+>3!%,!2O#!#>%20'%+:(P!2O#5#(!O+$#!2O#!+-%:%23!20!'#9#'!20!(#$#'+:!'#6#'.20%'#(*!Q0'! %,(2+,N#P! 2O#5#(! (7??#(2%,?! 2O#!6'%N#! 09! N0,(75#'%(5P! 20?#2O#'!&%2O!2O#5#(!09!6#'(0,+:!6:#+(7'#!+,>!6:#+(7'#!%,!:00;(!9'05!2O#!'#6#'20%'#!09!6:#+(7'#P!&#'#!907,>!%,(#'2#>!%,20!2O#!'#6#'20%'#!09!N0,(75#'%(5*!87NO!%,2#'+N2%0,!_,02!7,.:%;#! %,2#'2#d27+:%23`! N+,! -#! (##,! %,! 2O#! 90::0&%,?! #d+56:#! '#9#''#>! 20! #+':%#'! +(!Id+56:#!\!_E*U*F!+,>!E*R`h!2O%(!#d+56:#!%(!,0&!'#,75-#'#>*!)

_FZ`! s***t! +::! 2O#! 2O%,?(!307! :0$#!+-072! 2O#!6+'23! (#+(0,P!&%2O072!+! p67::!+!N'+N;#'f! %,(%?O2a! HO#'#! +'#! ,0! 27';#3(! 0'! 2%,(#:! O#'#! n! W7(2! 2O#! $#'3!-#(2!09!2O#!2O%,?(!307!:0$#!!"#$"!90'*!8#d3P!+990'>+-:#!+,>P!50(2!09!+::P! 9:+22#'%,?! 6+'23! 0729%2(! 90'! #$#'3! -7>?#2! +,>! -0>3! (O+6#h! 9%$#.5%,72#!+92#'.&0';!5+;#0$#'(!307!N+,!>0!+2!307'!>#(;!+,>!N#:#-'%23!2%6(!+,>!2'%N;(!90'!?#22%,?!'#>.N+'6#2!'#+>3h!_I>*P!)#N*!USSE`*!

HO#! 2O#5#!09! 2O#!0-:%?+2%0,! 20!N0,(75#!(7??#(2(!6'#((7'#!+,>! 2O#!6'%N#!09!N0,.(75#'%(5*!HO#!6'#9#''#>!'#+>%,?!%(! 2O+2! 90::0&%,?!2O#!+>$%N#!09! 2O#!5+?+e%,#! %(!,02!062%0,+:P! 2O%(! %(!&O+2! 2O#!!"#$"!1'0&!O+(! 20!>0c!O#'!6+'23!0729%2!,##>(! 20!-#!#/SO-. )++"0B)[&/! s+,>t! +&)((/0'*1*! 8O#!&%::! +:(0! ,##>! 2O#! (;%::(! 20! >0! +'7/5$'*,(/.)+(/05U"0].$)]/"7/0#! +,>P! (6#N%9%N+::3P! 2O#! L/&/[0'(O. ('%#. )*B. (0'L]#!&O%NO!&%::!5+;#!O#'!6#'90'5!:%;#!+!N#:#-'%23!&+:;%,?!2O#!'#>!N+'6#2!20!+!?+:+!06#,%,?*!C'#.(75+-:3P!2O#!5+;#.76!(;%::(!+,>!2%6(!+,>!2'%N;(!&%::!'#k7%'#!2O#!+Nk7%(%2%0,!09!N#'.2+%,!5+;#.76!-'+,>(!+,>!72#,(%:(!:%;#!-'7(O#(*!@#$#'2O#:#((P!+!'#+>#'!&%2O!+!N'%2%.N+:!$%#&!09!N0,(75#'%(5!&07:>!%?,0'#!2O#!6'#9#''#>!'#+>%,?P!+,>!NO00(#!+,!+:2#'.,+2%$#!0,#!20!N0,2#(2!2O#!+>$%N#*!

HO#!5+?+e%,#f(!+((7562%0,!%(!2O+2!2O#!!"#$"!1'0&!%(!7,(7'#!+-072!O#'!NO0%N#(!+(!+!N0,(75#'h! %9! (0P! 2O#'#! %(! +:&+3(!!"#$"%"&'()*! 20! (7660'2! O#'*! HO#!5+?+e%,#f(!+>$%N#! -#N05#(! #d6:%N%2! %,! 2O#! 90::0&%,?! #d+56:#! k702#>! #+':%#'! +(! Id+56:#! Z!_E*U*U`*!!

_US`! Q%,+::3P! %2z(! O0:%>+3! 2%5#! _O7''+Oa`! (0! ,0&z(! 2O#! NO+,N#! 20! '#:+d! +,>!#,W03! 0,#! 09! 2O#! O%?O:%?O2(! 09! 2O#! 3#+'*!"#+>! 07'! +>$%N#! 0,! ?#22%,?!-#+NO!-0>3!N0,9%>#,N#P!(0!307!N+,!#,W03!307'!-#(2!(755#'*!C:7(P!07'!9+(O%0,!2#+5!O+(!2'%#>!0,!W7(2!+-072!#$#'3!(&%5(7%2!+,>!-%;%,%!0,!2O#!

! 8L().M)#)/*#')!!!ZR!

! !

O%?O!(2'##2P!(0!2O#'#!<B[[!-#!0,#!20!(7%2!307!.!6'05%(#*!_I>*P!G7,#!USSE`*!

HO#!2O#5#!09!2O#!0-:%?+2%0,!20!N0,(75#!%(!N:#+'!+(!2O#!#>%20'!+>>'#((#(!O#'!'#+>#'!+(!+!N0,(75#'!+,>P!(6#N%9%N+::3P!0,#! %,!,##>!09!+>$%N#*!8O#!'#+((7'#(!O#'!'#+>#'!2O+2!2O#!(2+99!09!2O#!5+?+e%,#!%(!2O#'#!20!(7660'2!O#'c!2O#!+)#K'"*.(/)$!O+(!7,>#'.2+;#,!2O#!?'07,>!&0';!90'!O#'!+,>!2O#3!%0"$'#/!2O+2!(O#!&%::!-#!6:#+(#>!&%2O!2O#!'#(7:2*! HO#! '#:+2%0,(O%6! -#2&##,! 2O#! 5+?+e%,#P! '#+>#'! +,>! 2O#! 9+(O%0,! %,>7(2'3!>#(N'%-#>!%,!2O#!#d+56:#!N07:>!-#!(##,!+(!+!2'%+,?:#!&O#'#!0,#!(%>#!'#6'#(#,2(!2O#!5+?+e%,#!+,>!%2(!N055#'N%+:!%,2#'#(2(!%,!'#:+2%0,!20!%2(!+>$#'2%(#'(!+,>!%2(!'#+>#'P!2O#! N0,(75#'h! +,02O#'! 2O#! -7(%,#((! %,2#'#(2(! 09! 2O#! 9+(O%0,! %,>7(2'3!&O%NO! +N2(!2O'07?O! +>$#'2%(%,?P! +,>! 2O#! 2O%'>! 2O#! '#+>#'! 09! 2O#! 5+?+e%,#gN0,(75#'! 09! 2O#!6'0>7N2(! +>$#'2%(#>!&O0(#! (6#,>%,?! O+-%2(! +'#! +! 90N+:! 60%,2(! 90'! 2O#! 02O#'! 2&0!6+'2%#(*!!

B,!2O#!9#+27'#!(20'%#(P!2O#!'#6#'20%'#(!09!%,>#6#,>#,N#P!6:#+(7'#P!+,>!N0,(75#'%(5!%,2#'+N2!20!(7660'2!+,>!N056:#5#,2!#+NO!02O#'P!+(!2O#3!>0!%,!2O#!#>%20'%+:(*!Ik7+:.:3P!2O#5#(!'#9#''%,?!20!2O#!'#6#'20%'#!09!2O#!6'%N#!09!N0,(75#'%(5!+'#!%,(#'2#>*!H0!O+$#! %,>#6#,>#,N#! +,>! 20! #,W03! 0,#f(! :%9#(23:#! +'#! :%;#! 2&0! (%>#(! 09! 2O#! (+5#!N0%,*!HO#! 9#+27'#! (20'%#(P! +(!&#::!+(! 2O#!#>%20'%+:(P!>#(N'%-#!O0&! 2O#!!"#$"!1'0&!2+;#(! 6:#+(7'#! %,! 2O#!6#'90'5+,N#!09!O#'! 9#5%,%,%23*!Q0'! #d+56:#P! 2O#! 2O#5#!09!6#'(0,+:!6:#+(7'#!%(!'#9#''#>!20!%,!D.]*"U.%/"%&/.(K'*].DN$.)((0)L('7/-.D./*>"O.$O.&'+/!_Id+56:#!UF!-#:0&`*!8O#!2+;#(!6:#+(7'#!%,!:00;%,?!+22'+N2%$#!+,>!%,!2O#!-0>3!&0';! +,>! -#+723! &0';! (O#! 7,>#'2+;#(! %,! 0'>#'! 20! 6#'90'5! O#'! 9#5%,%,%23*! HO#!2O#5#! 09! (7NN#((! _Id+56:#(! UU! +,>! UR! -#:0&`! (O0&(! 2O#! 6:#+(7'#! (O#! >#'%$#(!9'05!-#%,?!(7NN#((97:*!!

B,!2O#!9#+27'#!(20'%#(P!%,>#6#,>#,N#!%(!+-072!N+'##'!(7NN#((!+,>!50,#3P!+,>!+-072!2O#!6:#+(7'#!>#'%$#>!9'05!-#%,?!(7NN#((97:*!B,!2O#!#d+56:#!-#:0&P!+,!%,2#'$%#&##!>#(N'%-#(!O#'(#:9!%,!2#'5(!09!2O#!2O#5#!09!N0,2'0:!9'05!2O#!'#6#'20%'#!09!%,>#6#,>.#,N#P!+(!&#::!+(!2O#5#(!9'05!2O#!'#6#'20%'#(!09!6:#+(7'#!+,>!9'%#,>(O%6*!

_UF`! mBf5!+!N0,9%>#,2!6#'(0,!%,!50(2!'#(6#N2(*!Bf5!(7NN#((97:P!B!;,0&!6#0.! 6:#! 2O%,;! Bf5! +22'+N2%$#P! B! #,W03!53! :%9#P! B! O+$#! ?'#+2! 9'%#,>(! +,>! B!! :0$#!53!9+5%:3Pb!(O#!s2O#!%,2#'$%#&##t!(+3(*!_Q8P!G7:3!SEc!V\`!

HO#!'#6#'20%'#!09!%,>#6#,>#,N#!%(!#$0;#>!-3!2O#!2O#5#!09!N0,2'0:P!+(!%,!).L"*+'5B/*(.%/0#"*P!(%,N#!N0,9%>#,N#!%(!0,#!+(6#N2!09!N0,2'0:*!HO#!%,2#'$%#&##!O+(!%,>#.6#,>#,N#! +,>! >#N:+'#(! 2O%(! %,! DN$. ). L"*+'B/*(. %/0#"*. '*.$"#(. 0/#%/L(#*! D*.$"#(.0/#%/L(#!B!2+;#!20!5#+,!%,!50(2!(%27+2%0,(!(O#!O+(!20!N06#!&%2O!%,!O#'!6#'(0,+:!:%9#!+,>!+:(0!+(!+!6'09#((%0,+:*!B,>#6#,>#,N#!N05#(!9'05!-#%,?!L"*+'B/*(h!%2!5+3!+:(0!N05#!9'05!2O#!7,>#'(2+,>%,?!2O+2!(O#!%(!#,LL/##+,&!+,>!)((0)L('7/!+,>!9%,>(!6:#+(.

ZE!!!8L().M)#)/*#')!

!

7'#!%,!2O#!:%9#(23:#!09!O#'!NO0%N#P!+,>!%(!(7''07,>#>!-3!9'%#,>(!+,>!9+5%:3*!B,>##>P!%,!2O%(!#d+56:#!2O#!2O#5#(!09!(7NN#((!+,>!+22'+N2%$#,#((!N+,!+:(0!60%,2!20!+!'#6#'.20%'#!09!6:#+(7'#P!+,>!2O#!2O#5#(!09!10/)(.+0'/*B#!+,>!:0$#!90'!O#'!9+5%:3!20!+!'#6.#'20%'#!09!9'%#,>(O%6*!B,!9+N2P!2O#!%,2#'$%#&##!>#(N'%-#(!O#'(#:9!-3!#$0;%,?!6'#N%(#.:3!2O#!2O#5#(!&O%NO!N0''#(60,>!20!2O0(#!90'5%,?!2O#!'#6#'20%'#(!&O%NO!+'#!6+'2!09!2O#!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$"!1'0&!9#5%,%,%23!%,!2O#!#>%20'%.+:(*!)

B,>#6#,>#,N#! %(! N0,(2'7N2#>! +(! %,O#'#,2! %,! 2O#! 50>#',! &05+,! %,! >%'#N2! (2+2#.5#,2(! -3!&05#,! 9#+27'#>! %,! 2O#! (20'%#(P! +,>! %,>%'#N2:3! 2O'07?O! 2O#! #>%20'(f! >#.(N'%62%0,(!09!2O#!%,2#'$%#&##(*!HO#!(2+2#5#,2(!>#(N'%-#!&O+2!N0,(2%272#(!%,>#6#,>.#,N#! %,!O#'!6#'(0,+:!(6O#'#!+,>! %,!O#'!6'09#((%0,+:!N+6+N%23*! B,>#6#,>#,N#!5+3!N05#! 9'05! +! 9##:%,?! 09! (#:9.N0,9%>#,N#P! +,>! #d6'#((:3! 9'05! +,! %,N05#! :#$#:!&O%NO!#,+-:#(!2O#!!"#$"!1'0&!20!7(#!O#'!9'##>05!09!NO0%N#*!HO#!2O#5#(!09!N0,2'0:!+,>!NO0%N#!2O'07?O!072(2+,>%,?!6'09#((%0,+:!(7NN#((!+,>!#,(7%,?!9%,+,N%+:!(#N7'%.23!+66#+'!%,!2O#!90::0&%,?!6+((+?#(*!

_UU`! G7:%#!s+,!%,$#(25#,2!-'0;#'t!%(!2O+,;97:!2O+2!O#'!2O'##!3#+'(!%,!2O#!W0-!! O+$#!6+%>!90'!O#'!&#(2![0,>0,!9:+2!+,>!+!:%9#(23:#!50(2!&05#,!&07:>!! #,$3*!8O#f::!?#2!O#'!-0,7(!%,!Q#-'7+'3!+,>!O+(!+:'#+>3!6:+,,#>!2'%6(!! 20!M%:+,!+,>!Q:0'#,N#!20!(6:+(O!072!0,!>#(%?,#'!N:02O#(*!_Q8P!)#N*!SVc!! FFV`!

HO#!2O#5#!09!N0,2'0:!%(!907,>!%,!2O#!5#,2%0,!09!(K0//.O/)0#.'*.(K/.>"[P!+,>!2O#!W0-!%,!k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d6#,(%$#!(O066%,?!>%(2'%N2(!60((%-:#*!HO%(!%(!O0&!2O#!!"#$"!1'0&!6#'90'5(!O#'!%,>#6#,>#,N#c!%2!%(!2O#!'%?O2!20!N0,(75#*!!

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

! 8L().M)#)/*#')!!!Z]!

! !

1'0&f(! +-%:%23! 20! N0,(75#! >#6#,>(! 0,! O+$%,?! +! W0-! +,>! +! N#'2+%,! (+:+'3! :#$#:*!<%2O072!2O0(#P!(O#!N+,,02!6'0>7N#!2O#!%>#+:!6#'90'5+,N#!09!O#'!9#5%,%,%23*!40,.(75#'%(5!+,>!2O#!6'%N#!09!N0,(75#'%(5!-+:+,N#!2O#!(N+:#(*!

HO#'#90'#P! 2O#! %,>#6#,>#,N#! 09! +! 50>#',! &05+,! >#6#,>(! 0,! O#'! 6'09#((%0,+:!6'09%N%#,N3c! (O#! ,##>(! 20! >0! O#'! W0-! W7(2! +(!&#::! +(P! 0'! -#22#'! 2O+,P! +!5+:#! N0:.:#+?7#*! HO#! 2O#5#! 09! 6'09#((%0,+:! N0,2'0:! %(! 907,>! %,! 2O#! 90::0&%,?! 6+((+?#(!&O%NO!+'?7#!2O+2!+!&05+,!5+3P!%,!9+N2P!-#!2O#!-#(2!062%0,!%,!N#'2+%,!6'09#((%0,(*!

_UR`! HO%,;! 09! +! 6'%$+2#! #3#! +,>! +! >%(2%,N2! %5+?#! (6'%,?(! 20!5%,>c! 207?OP!7,(O+$#,! 5#,! (;7:;%,?! %,! -7(O#(! 0'! (O+--3! >0&,20&,! 099%N#(*!HO#3f'#!5#+,P!2O#3f'#!092#,!(##>3P!-72!50(2!09!+::!2O#3f'#!5#,*!=7(2.#>!s+,!+::.9#5+:#!>#2#N2%$#!+?#,N3!%,!/2:+,2+P!K#0'?%+t!%(!NO+,?%,?!+::!2O+2!+,>P!+NN0'>%,?!20!907,>#'!G#+,#,#!<#%,#'P!%2f(!6'0$%,?!0,N#!+,>!90'!+::!2O+2!&05#,!5+;#!2O#!-#(2!>#2#N2%$#(*!_Q8P!LN2*!SVc!FUR`!

HO#!2O#5#!09!6'09#((%0,+:!N0,2'0:!+66#+'(!%,!2O#!5#,2%0,!09!2O#!9#5+:#!>#2#N2%$#!+?#,N3P! %2(! 9#5+:#! 907,>#'! +,>! %2(!&0';!&O%NO! %(!%0"7'*1."*L/.)*B. +"0. )&&. (K)(.U"$/*.$)]/.(K/.[/#(.B/(/L('7/#*!HO#!+?#,N3f(!907,>#'!%(!N0,(2'7N2#>!+(!-#%,?!%,!N0,2'0:!09!O#'!&0';!+,>!'#6'#(#,2%,?!%2!&%2O!?'#+2!(#:9.N0,9%>#,N#*!8O#!%(!+!50>.#',!6'09#((%0,+:!&%2O!2O#!%,>#6#,>#,N#!20!N:+%5!2O+2!(O#!>0#(!,02!0,:3!#k7+:!O#'!5+:#! N0::#+?7#(P! -72! (7'6+((#(! 2O#5*! B,>##>P! 2O#! 907,>#'! 09! 2O#! +?#,N3!?,#(/B!N:+%5(! 2O+2!O#'!&0';! %(!6'009!09! 2O%(*! B,!02O#'!&0'>(P!(O#!N:+%5(!+!O%?O! :#$#:!09!6'09%N%#,N3c! +! &05+,! N+,! NO+::#,?#! 5+:#! 2#''%20'3! +,>! %56'0$#! 2O#! k7+:%23! 09!&0';!%,!2O+2!2#''%20'3*!!

/!50>#',!&05+,!:%;#!2O#!!"#$".1'0&!O+(!2O#!NO0%N#!09!+,3!N+'##'!062%0,P!%,N:7>.%,?!2O0(#!6'#$%07(:3!+((0N%+2#>!50(2:3!&%2O!5#,*!L,#!(7NO!062%0,!%(!2O#!6'09#(.(%0,! 09! 9#5+:#! >#2#N2%$#*! D0&#$#'P! 2O#!5+?+e%,#! #56O+(%e#(! 2O#! 0'%?%,+:%23! 09!(7NO!+!NO0%N#!-3!W7d2+60(%,?!%2!+?+%,(2!+!(2#'#0236#>!%5+?#!09!2O#!5+:#!>#2#N2%$#P!2O#!m6'%$+2#!#3#b!>#(N'%-#>!%,!>#2#N2%$#!(20'%#(!+,>!9#+27'#>!0,!2O#!(N'##,*!B,!2O#!9#+27'#!(20'3P!2O#!>#(N'%62%0,!09!(",1K-.,*#K)7/*.$/*.#],&]'*1.'*.[,#K/#."0.#K)[5[O.B"U*("U*."++'L/#!-'%,?(! 20!5%,>! 2O#! 9%N2%0,+:!NO+'+N2#'(!CO%:%6!M+':0&#!+,>!8+5! 86+>#! N'#+2#>! -3! 2O#! (7(6#,(#! &'%2#'(! "+350,>! 4O+,>:#'! +,>! )+(O%#::!D+55#22! '#(6#N2%$#:3! +,>! %550'2+:%e#>! 0,! 2O#! (N'##,! -3P! 9%'(2! +,>! 90'#50(2P!D756O'#3!=0?+'2*!HO%(! %5+?#! %(! NO+::#,?#>P! ,02! 0,:3! -3!0,#! 9#5+:#! >#2#N2%$#P!-72!-3!+!&O0:#!+?#,N3!(2+99#>!&%2O!&05#,!0,:3*!!

HO#!9#5+:#!>#2#N2%$#!%,!Id+56:#!UR!6#'90'5(!O#'!9#5%,%,%23!&%2O!2O#!6'09#((%0,+:!+,>!6#'(0,+:!N0,2'0:!&O%NO!+::0&(!O#'! 20! '#?+'>!O#'(#:9!&%2O!O7507'!+,>! %'0,3*!M+:#!>05%,+,N#!%(P!0,N#!+?+%,P!NO+::#,?#>!:%,?7%(2%N+::3!-3!2O#!907,>#'f(!NO0%N#!09!+!,+5#!90'!O#'!+?#,N3P!?,#(/B*!/2!9%'(2!(%?O2P!%2!%(!+!'#9#'#,N#!20!2O#!N0::0k7%+:!

ZV!!!8L().M)#)/*#')!

!

/5#'%N+,! 2#'5!90'!-#%,?!+66'#O#,>#>!-3! 2O#!60:%N#P!0'!-#%,?![,#(/B*!D0&#$#'P!2O#!N056+,3f(!,+5#!+:(0!97,N2%0,(!+(!+!67,!'#9#''%,?!20!2O#!9#5+:#!-0(05*!B2!N+,!-#! 7,>#'(200>! +(! +! (2+2#5#,2! +-072! O#'! +::.9#5+:#! (2+99! +,>! 7:2%5+2#:3! ?#,>#'!#k7+:%23*)

B,!2O#!9#+27'#!(20'%#(P!2O#!'#6#'20%'#!09!N0,(75#'%(5!%(!#$0;#>!-3!+!2O#5#!(7NO!+(!9+(O%0,!-'+,>(P!&O%NO!%(!'#:+2#>!20!2O#!2O#5#(!09!(O066%,?P!+&+'#,#((!09!9+(O%0,(!2'#,>(P! +,>! (23:%,?! +:'#+>3! 907,>! %,! 2O#! #>%20'%+:(*! HO#! 2O#5#! N+,! +:(0! '#9#'! 20!6#'(0,+:!6:#+(7'#!+,>!50,#3P!&O%NO!+'#!2O#5#(!%,!2O#!'#6#'20%'#(!09!6:#+(7'#!+,>!%,>#6#,>#,N#*!Ik7+::3P!2O#!2O#5#!09!20;#,(!09!(7NN#((!97,N2%0,(!20!#$0;#!2O#!'#6.#'20%'#!09!6:#+(7'#!%,!2O#!90::0&%,?!6+((+?#*!

_UE`! B! s2O#! '#60'2#'t!5+,+?#! 20! :%,?#'! :0,?! #,07?O! 20! NO+2! 20! 2&0! 307,?!9#5+:#!-'0;#'(!&O0!+'#!;,0N;%,?!-+N;!NO+56+?,#*! B!+(;! 2O#5!&O+2!2O#3!+'#!N#:#-'+2%,?*!m@02O%,?Pb!(+3(!0,#*!mB2f(!W7(2!+!'#?7:+'!,%?O2!072!+92#'!&0';*!/:2O07?O! 307! N07:>! (+3! Bf5! N#:#-'+2%,?!53! #%?O2O! 67'.NO+(#!9'05!G%553!4O00!2O%(!3#+'*b!8O#!;%N;(!072!+!907'.%,NO!(2%:#220!9'05!-#,#+2O!2O#!2+-:#*!_Q8P!)#N*!SVc!FF]`!

HO#!2O#5#(!09!9+(O%0,!-'+,>(!+,>!6#'(0,+:!6:#+(7'#!+'#!907,>!%,!2O#!>#(N'%62%0,!09!O0&!2O#!2&0!&05#,!%,!2O#!9#+27'#!(20'3!N+,!%,>7:?#!2O#5(#:$#(c!NO+56+?,#!0,!).0/1,&)0.*'1K(.",(.)+(/0.U"0]!+,>!NO+56+?,#! 20!L/&/[0)(/!+,!+N2!09!N0,(75#'.%(5P!2O+2!%(P!O#'!/'1K(K.%,0LK)#/!90'!2O#!3#+'!09!+!6+%'!09!$#'3!#d6#,(%$#!>#(%?,#'!(O0#(*!

HO#! '#6#'20%'#! 09! N0,(75#'%(5!+(! (7??#(2#>!-3! 2O#!5+?+e%,#! %(! +! 60(%2%$#!0,#c!N0,(75#'%(5! %(! +! :%9#(23:#! 20! 67'(7#*! D0&#$#'P! +! NO+::#,?%,?! '#6#'20%'#! 09! 2O#!6'%N#!09!N0,(75#'%(5!%(!+:(0!%,2'0>7N#>*!87NO!+!'#6#'20%'#!90N7(#(!0,!2O#!%0'L/.(".%)O! 90'! 0,#f(! N0,(75#'%(5*! /! 6'%N#! %,! 2O#! 90'5! 09! :0,?! &0';%,?! O07'(! %(! >#.(N'%-#>!%,!2O#!6+((+?#!-#:0&*!

_U]`! /2!+!:#+$%,?!6+'23!90'!0,#!-'0;#'P!B!(%2!,#d2!20!G7:%#P!U\P!&O0!&0';(!%,!! %,$#(25#,2*!8O#f(!&#+'%,?!+!:0&.N72!K7NN%!>'#((*!B,!(6%2#!09!>'%,;%,?!! (#$#'+:!?:+((#(!09!T#7$#!4:%Nk702P!O#'!'#?7:+'!2%66:#P!(O#!&%::!?0!-+N;!! 20!O#'!>#(;!%,!+,!O07'!+,>!N0,2%,7#!20!&0';!7,2%:!6+(2!5%>,%?O2*!@#d2!! 50',%,?P!(O#f::!-#!-+N;!+2!O#'!>#(;!+2!^+5*!_Q8P!)#N*!SVc!FFV`!

HO#!2O#5#!09!9+(O%0,!-'+,>(!'#9#'(!20!2O#!50>#',!&05+,!#,W03%,?!O#'!20;#,(!09!(7NN#((P!2O#'#-3!+>>%,?!20!2O#!'#6#'20%'#!09!6:#+(7'#*!B,!2O#!>#(N'%62%0,(!09!\,&'/!2O#!2O#5#!%(!907,>!%,!2O#!5#,2%0,!09! 2O#! &"U5L,(.4,LL'.B0/##!(O#!&#+'(!+,>!2O#!#d6#,(%$#!NO+56+?,#!&O%NO!%(!O#'!0/1,&)0.('%%&/*!8O#!N+,P!%,!02O#'!&0'>(P!+::0&!O#'(#:9!2O#!6:#+(7'#!09!2O+2!>'%,;!&O#,#$#'!(O#!&+,2(*!=3!N0,2'+(2P!2O#!#>%20'!>0#(!

! 8L().M)#)/*#')!!!Z\!

! !

,02!5#,2%0,!O0&!\,&'/! :00;(!0'!O0&!O#'!6#'(0,+:%23! N05#(! +N'0((*! B,! 2O%(!&+3P!\,&'/!%(!N0,(2'7N2#>!2O'07?O!O#'!+NN#((0'%#(*!B2!5+3!-#!+'?7#>!2O+2!2O#!6'#(7660(%.2%0,!%(!2O+2!(O#!%(!?00>.:00;%,?P!0'!+2!:#+(2!&#::.?'005#>P!+,>!O#+:2O3!+,>!307,?!-#N+7(#!09!2O#!>#5+,>(!09!O#'!6'09#((%0,P!&%2O!&0';%,?!>+3(!F^!O07'(!:0,?h!+0"$.g.)V$V.(".$'B*'1K(*!!

HO#!'#6#'20%'#!09!2O#!6'%N#!09!N0,(75#'%(5!%(!6'#(#,2!,02!0,:3!%,!2O#!'#9#'#,N#(!20!2O#!6'%N#!20!6+3P!-72!%(!$%(%-:#!+:(0!%,!2O#!2O#5#!09!9+(O%0,!-'+,>(*!HO#!!"#$".1'0&!6+3(!+!6'%N#! 90'!O#'! :%9#(23:#!09!N0,(75#'%(5P!O#'! %,>#6#,>#,N#!+,>!6:#+(7'#! %,!2O#!90'5!09!2O#!#d2'#5#:3!:0,?!&0';%,?!O07'(P!+0"$.g.)V$V.(".$'B*'1K(V!Ik7+::3P!2O#! 2O#5#!09! 9+(O%0,!-'+,>(!5#,2%0,%,?! (6#N%9%N! :7d7'3!6'0>7N2(! 97,N2%0,(! +(! +!N0,(2'+%,2!09!N0,(75#'%(5*!HO#!>#2+%:#>!(7??#(2%0,(!+(!20!&O+2!20!N0,(75#!(7NO!+(!B/#'1*/0.L&"(K/#!20!-#!67'NO+(#>!%,!M%:+,!+,>!Q:0'#,N#!_Id+56:#!UU`P!2O#!&"U5L,(.4,LL'.B0/##P! 2O#!(O0#(!9'05!G%553!4O00!_Id+56:#!UE`P!+,>!2O#!NO+56+?,#!-'+,>!T#7$#!4:%Nk702!_Id+56:#!U]`!(#2!2O#5!9%'5:3!072(%>#!2O#!(%27+2#>!&0':>!09!+!5+W0'%23!09!&0';%,?!&05#,*!HO#!6'%N#!:#$#:!09!2O#(#!%2#5(!%(!-#30,>!2O#!'#+NO!09!2O#!5+W0'%23!09!!"#$"%"&'()*!'#+>#'(*!HO#'#90'#!2O#!5#,2%0,!09!2O#!-'+,>(!5+3!,02!,#N#((+'%:3!(#'$#!20!+>$#'2%(#!2O#5P!-72!'+2O#'!20!N'#+2#!2O#!%5+?#!09!+!:%9#(23:#!-+(#>!0,!:7d7'%07(!N0,(75#'%(5*!

HO#!#d6#,(%$#!-'+,>(!6:+N#!2O#!307,?!9#5+:#!-'0;#'(!%,!+!&0':>!09!N0,(75#'%(5*!HO#3!97,N2%0,!+(!20;#,(!09!(7NN#((!+,>!2O#!67'NO+(#!60&#'!09!2O#!-'0;#'(P!+::0&.%,?!2O#5!20!N0,(75#!2O0(#!6+'2%N7:+'!-'+,>(P!%(!2O#!N0,9%'5+2%0,!09!2O#%'!(7NN#((*!HO#!>#(N'%62%0,!09!2O#!2&0!-'0;#'(!(7??#(2(!2O+2!(O066%,?!?%$#(!6#'(0,+:!6:#+(7'#!9'05!&O%NO!90::0&(!2O+2!(O066%,?!90'!50'#!#d6#,(%$#!%2#5(!?%$#(!50'#!6:#+(7'#*!HO#%'!(O066%,?!O+-%2(!+'#!(%5%:+'!20!2O0(#!09!N#'2+%,!6067:+'!N7:27'#!NO+'+N2#'(!0,!2#:#$%(%0,!+,>!%,!9%:5(*!HO#!5#,2%0,!09!(K/.+",05'*LK.#('&/(("!9'05!G%553!4O00FV!_Id+56:#! UE`! 06#,(! 76! '#9#'#,N#(! 20! 2O#! :%9#(23:#! N0,(2'7N2#>! %,!HT.(#'%#(! +,>!9%:5(!(7NO!+(!C/S.)*B.(K/.!'(O*!HO%(P!09!N07'(#P!%(!,0!N0%,N%>#,N#!(%,N#!-02O!2O#!HT.(#'%#(!C/S.)*B. (K/.!'(O! +,>! 2O#!5+?+e%,#!!"#$"%"&'()*! 6+3!O05+?#! 20! 2O#!%>#+(!09!D#:#,!K7':#3!='0&,!+,>!O#'!:%(2!09!2O#!%,2#'#(2(!09!2O#!(%,?:#!?%':*!"#+>.%,?!+-072!2O#!6#'90'5+,N#!09!(7NO!+!:%9#(23:#!_0'!&+2NO%,?!NO+'+N2#'(!#,+N2!%2!0,!2#:#$%(%0,`!5+3!%,!%2(#:9!-#!+!6:#+(7'#*!M0(2!'#+>#'(!&%::P!,#$#'2O#:#((P!'#N0?,%e#!2O+2!5#>%+2#>!&0':>!90'!&O+2!%2!%(P!+!N0,(2'7N2%0,*!M0(2!09!2O#5!_7(`!&%::P!O0&#$.#'P! '#+:%e#! 2O+2! %2! >%99#'(! 9'05! 2O#%'! _07'`! (%27+2#>!&0':>!&%2O! #$#'3>+3! '072%,#(P!2O#%'! _07'`!&0';!(%27+2%0,!+,>!2O#!N0,(75#'!O+-%2(!+>+62#>! 20! 2O#%'!_07'`!N7''#,2!%,N05#*!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!FV!! =#N+7(#!09!C/S.)*B.(K/.!'(O!+,>!02O#'!(%5%:+'!2#:#$%(%0,!(#'%#(P!(O0#!>#(%?,#'(!(7NO!+(!G%553!

4O00!+,>!M+,0:0!=:+O,%;!O+$#!-##,! %N0,%e#>!n! 20!-#! '#N0?,%e#>!#$#,!-3! 2O0(#!09!7(!&O0!O+$#!,#$#'!-##,!%,20!+!(O06!&O#'#!2O#(#!>#(%?,#'!(O0#(!+'#!20!-#!67'NO+(#>*!

Z^!!!8L().M)#)/*#')!

!

HO%(!(7-NO+62#'!O+(!>#+:2!&%2O!2O#!'#6#'20%'#!09!2O#!6'%N#!09!N0,(75#'%(5P!&O%NO!&+(!(#2!+?+%,(2!2O+2!09!N0,(75#'%(5!+,>!%2(!2O#5#(!&O%NO!+:(0!'#9#'!20!%,>#6#,>.#,N#!+,>!6:#+(7'#!&O%NO!+'#!+::!6+'2!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&*!HO#!6'%N#!09!N0,(75#'%(5!&+(!N0,(2'7N2#>!2O'07?O!2O#!2O#5#(!09!%,(#N7'%23P!:0,?!&0';%,?!O07'(!20!6+3!90'!0,#f(!N0,(7562%0,P!+,>!2O#!+5-%?707(!2O#5#!09!9+(O%0,!-'+,>(P!&O%NO!#dN:7>#(!'#+>#'(!,02!0,!+!206.:#$#:!%,N05#*!HO#!9%,>%,?(!(O0&!2O+2!2O#! 6'%N#! 09! N0,(75#'%(5! %(! 6+'2:3! (#:9.%,9:%N2#>c! 2O#!!"#$".1'0&! (2'%$#(! 20! N0,.90'5!20!2O#!,0'5(!09!+,!%>#+:!6#'90'5+,N#!N0,$#3#>!-3!2O#!5#>%+*!L2O#'!90'5(!09!2O#!6'%N#!09!N0,(75#'%(5!>#'%$#!>%'#N2:3!9'05!>#(N'%62%0,(!09!O0&!20!-#!+!50>#',!&05+,!N%'N7:+2%,?!%,!(0N%#23!+,>!6'0502#>!-3!2O#!5#>%+c!2O#!N:02O#(!+,>!+NN#((0.'%#(! (7??#(2#>! -3! +! 5+?+e%,#! (7NO! +(!!"#$"%"&'()*! +'#! ,+27'+:%e#>! +(! (O+'#>!;,0&:#>?#P!5+;%,?!2O#!5+?+e%,#f(!+>$%N#!%56:%N%2c!&#!+::!;,0&!2O+2!2O%(!%(!&O+2!&#!,##>!20!672!0,!2O#!%>#+:!6#'90'5+,N#a!

]*U! HO'#+2(!20!2O#![%9#(23:#!09!2O#!!"#$".4'0&!!

HO#! 9#+27'#! (20'%#(! >#(N'%-#! O0&! 2O#!!"#$"!1'0&! $+:7#(! O#'! 9+5%:3! +,>! 9'%#,>(*!HO#5#(!09!5727+:!7,>#'(2+,>%,?P!(7660'2P!+,>!(O+'%,?!%,!2O#!9#+27'#!(20'%#(!N0,.9%'5!2O#!'#6#'20%'#!09!9'%#,>(O%6!%,2'0>7N#>!%,!2O#!#>%20'%+:(*!HO#!2O#5#!09!(7660'2!%,!2O#!9#+27'#!(20'%#(!O%?O:%?O2(!O#'!9+5%:3!5#5-#'(!+(!2O#!50(2!%560'2+,2!(07'N#!09! (7660'2! +,>! N0,(0:+2%0,*! mQ+5%:3b! %,! 2O%(! N0,2#d2! 5#+,(! ,02! 0,:3! O7(.-+,>g&%9#g6+'2,#'!+,>!NO%:>'#,!-72!+:(0!6+'#,2(!+,>!(%-:%,?(*!HO#3!'#6'#(#,2!(+9#.23!+,>!(7660'2!+,>!2O#3!+'#!%560'2+,2! 20!O#'*!HO#!2O#5#(!09!(O+'%,?!+,>!5727+:!7,>#'(2+,>%,?!O%?O:%?O2! 2O#! %560'2+,N#!09! 9'%#,>(! %,!>%99%N7:2! 2%5#(P!+,>!(7??#(2!2O+2!2O#!!"#$".1'0&P!%,!27',P!%(!6'#6+'#>!20!099#'!O#'!9'%#,>(!(7660'2*!

HO#'#!+'#P!O0&#$#'P! N7:27'+:!+,>!(0N%+:!6'+N2%N#(!&O%NO!6:+N#!N0,(2'+%,2(!0,! 2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$"!1'0&!9#5%,%,%23*!HO#(#!(0N%+:!6'+N2%N#(!9%,>!2O#%'!>%(N7'(%$#!N0,(2'7N2%0,!+(!'#6#'20%'#(!09!$+'%07(!90'5(!09!2O'#+2(!60(#>!-3!O75+,!-#%,?(! +,>! 2O#%'! +N2%0,(*! B2!5+3! O+66#,P! 2O+2! 2O#!!"#$"!1'0&P! %,! O#'! +22#562! 20!N056:3!&%2O!2O#!,0'5(!N%'N7:+2#>!%,!2O#!5+((!5#>%+P!?#,#'+2#(!>#5+,>(!09!N0,.90'5%23! 0,! O#'(#:9P! 0'! (O#! 5+3! -#! (7''07,>#>! -3! 2O'#+2(! ?#,#'+2#>! %,! O#'! (7'.'07,>%,?(*!8O#!5+3!-#N05#! 2O#!0-W#N2! 09! (0N%+:! _5+:`6'+N2%N#(! :%;#! (#d%(5!+,>!O+'+((5#,2!%,!2O#!&0';6:+N#!0'!%,!O#'!6#'(0,+:!:%9#P!+,>!(O#!5+3!#d6#'%#,N#!-#.2'+3+:! -3! 9'%#,>(! 0'! '#:+2%$#(*! HO%(! (7-NO+62#'! &%::! >#+:! &%2O! 2O#! '#6#'20%'#! 09!2O'#+2(!20!2O#!:%9#(23:#!09!2O#!!"#$".1'0&!+(!NO+::#,?#(!20!2O#!'#6#'20%'#!09!9'%#,>.(O%6P! +,>! %,! 6+'2! +:(0! 20! 2O#! '#6#'20%'#! 09! %,>#6#,>#,N#*!@02&%2O(2+,>%,?! 2O#(#!2O'#+2(P!2O#!'#6#'20%'#!09!9'%#,>(O%6!(#'$#(!20!(2+-%:%e#!2O#!:%9#!09!2O#!!"#$".1'0&*!!

! 8L().M)#)/*#')!!!ZZ!

! !

B,!2O#!9#+27'#!(20'%#(P!2O#!2O#5#(!09!(7660'2!+,>!7,>#'(2+,>%,?!9'05!9+5%:3!5#5.-#'(!+,>!6+'2,#'(!+'#! 90'#?'07,>#>*!<O#,! 2O#!!"#$".1'0&! %(!7,>#'!6'#((7'#P! 2O#!'#6#'20%'#!09!9'%#,>(O%6!(#'$#(!20!(2+-%:%e#!O#'!:%9#*!B2!O+(!2O#!602#,2%+:!20!,#72'+:%e#!02O#'!60((%-:#!'#6#'20%'#(!NO+::#,?%,?!%2!0'! 2O#!02O#'!'#6#'20%'#(!09! 2O#! %>#+:!6#'.90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23*!HO#(#!2O#5#(!N0,2'%-72#!20!2O#!'#6#'20%'#!09!9'%#,>(O%6!>#(N'%-%,?!O0&!2O#!!"#$".1'0&!+66'#N%+2#(!O#'!9'%#,>(!+,>!:0$#(!O#'!9+5%:3*!HO#!2&0!2O#5#(!+'#!907,>P!90'!%,(2+,N#P!%,!2O#!&0'>(!09!+,!%,2#'$%#&##P!D.K)7/.10/)(.+0'/*B#.)*B.D.&"7/.$O.+)$'&O!_Id+56:#!UF!%,!]*F`*!B2!%(!6'#(#,2!%,!2O#!5#,2%0,!09!10/)(. +0'/*B#! +,>!O#'! :0$#! 90'! O#'! 9+5%:3*!<O%:#! 9'%#,>(! +'#! m?'#+2b!-#N+7(#! 2O#3!N+,!-#! 2'7(2#>! +,>! '#:%#>!0,P! 2O#! :0$#!-#2&##,! 9+5%:3!5#5-#'(! %(!(#N7'#:3! -7%:2! 0,! 5727+:! 2'7(2*! 87NO! +! 2O#5#! 09! 7,N0,>%2%0,+:! (7660'2! 9'05! +!9+5%:3!5#5-#'!%(!907,>P!90'!%,(2+,N#P!%,!2O#!90::0&%,?!6+((+?#*!

_UV`! H0,%?O2!&+(!53!:+(2!#$#,%,?!+2!O05#!90'!B!>0,f2!;,0&!O0&!:0,?*!"0-!! &#,2! %,20! 2O#! -+2O'005! +,>! (O+$#>! 099! +::! O%(! O+%'*! m[#2f(! >0! 307'(!! ,#d2Pb! O#! (+%>*! B! (2+'2#>! N'3%,?! +(!&#! N72!53! >+';! O+%'! %,20! +! '#+::3!! (O0'2!N'06P!-72! B!&+(!>#2#'5%,#>! 20!+22+N;! 2O%(!N+,N#'! %,(2#+>!09! W7(2!! :#22%,?!%2!+22+N;!5#*!_Q8P!)#N*!SVc!FUU`!!

HO#! 2O#5#!09! (7660'2! 90'!+!6+'2,#'! %(! '#9#''#>! 20! %,! 2O#!>#(N'%62%0,!09!+,!+N2%0,!:%;#!%,!E"[.U/*(.'*(".(K/.[)(K0""$.)*B.#K)7/B."++.)&&.K'#.K)'0*!HO#!%,2#'$%#&##!%(!6'#6+'%,?! 20! ?0! %,20! O0(6%2+:! 90'! N+,N#'! 2'#+25#,2! +,>! 2O#! N076:#! +,2%N%6+2#! 2O#!:0((!09!O#'!O+%'!90::0&%,?!NO#502O#'+63*!D#'!6+'2,#'!;,0&(!2O+2!&0'>(!&%::!,02!-#!#,07?O!+,>P!%,(2#+>P!O#!6#'90'5(!+,!+N2!-3!&O%NO!O#!#d6'#((#(!O%(!(7660'2*!8O+$.%,?!2O#%'!O#+>(!-#N05#(!+!(35-0:%N!+N2!0,!2O#!2O#5#!09!(O+'%,?!2O#!-7'>#,!09!O#'!%::,#((!+,>!2O#!2O#5#!09!?%$%,?!+,>!'#N#%$%,?!(7660'2*!!

B,!+>>%2%0,P!2O#!2O#5#!09!5727+:!7,>#'(2+,>%,?!(7660'2(!2O#!'#6#'20%'#!09!9'%#,>.(O%6!&O%NO!%,!27',!%(!6+'2!09!2O#!>05%,+,2!>%(N07'(#*!M727+:!7,>#'(2+,>%,?!?'0&(!(:0&:3!0$#'!2%5#!+(!+!'#(7:2!09!(O+'#>!#d6#'%#,N#(P!5#50'%#(!+,>!$+:7#(*!M0'#0.$#'P!%2!5+3!?'0&!+:50(2!%,(2+,2:3!+(!+!'#(7:2!09!+!(O+'#>!2'+75+2%N!#d6#'%#,N#h!2O#!;#3!&0'>!%(!(O+'#>!#d6#'%#,N#!&O%NO!N0''#(60,>(!20!2O#!2O#5#!09!(O+'%,?*!M727+:!7,>#'(2+,>%,?!%(!6'#(#,2!%,P!90'!%,(2+,N#P!2O#!90::0&%,?!#dN#'62!9'05!2O#!(20'3!09!2&0!(7'$%$0'(!09!2O#!J%,?f(!4'0((!-05-!#d6:0(%0,(!0,!\2O!G7:3!USS]!%,!2O#![0,.>0,!7,>#'?'07,>*!!

_U\`! L,#!?%':P!/53P!UEP!+:(0!9'05!,0'2O![0,>0,P!&+(!6+'2%N7:+':3!;%,>!+,>!&#!+?'##>!20!5##2!-#90'#O+,>!(0!B!>%>,f2!O+$#!20!?0!+:0,#!s20!+!(7'$%.$0'(f!5##2%,?!0'?+,%e#>!-3!J%,?f(!4'0((!1,%2#>t*!

! Q'05!2O#!505#,2!&#!5#2!B!9#:2!Bf>!9%,+::3!907,>!(05#0,#!&O0!N07:>!! '#:+2#! 20! O0&! B!&+(! 9##:%,?*!805#0,#!&O0!;,#&! 2O+2! W7(2! -#N+7(#! B!! (7'$%$#>!>%>,f2!5#+,!B!&+(,f2!(799#'%,?*!

FSS!!!8L().M)#)/*#')!

!

! s***t!

! /53!+,>!B!2+:;#>!+!:02!+,>!5#2!76!092#,h!+,>!(:0&:3!B!N+5#!20!2#'5(!! &%2O!&O+2!O+66#,#>!s***t!_Q8P!G7:3!SVc!FSR`!

HO#!2O#5#(!09!5727+:!7,>#'(2+,>%,?P!(7660'2!+,>!(O+'%,?!+'#!6'#(#,2!%,!#+NO!(#,.2#,N#h! 2O#! ;%,>,#((P!5##2%,?! 76! -#90'#O+,>! +,>! 2O#! '#:%#9! 09! ,02! ,##>%,?! 20! ?0!+:0,#P!9%,>%,?!(05#0,#!&O0!(O+'#>! 2O#!#d6#'%#,N#!+,>!N07:>!7,>#'(2+,>P!(05#.0,#!20!2+:;!20*!HO#!%,2#'$%#&##!_'#9#''#>!20!+(!J'%(2%,+!%,!2O#!#d+56:#!-#:0&c!Id.+56:#!U^`!N0,(2'7N2(!O#'(#:9!+:0,#!&%2O!O#'!2'+75+*!8O#!(7'$%$#>!&%2O072!6O3(%N+:!%,W7'%#(!-72!2O#!5#50'%#(!09!2O#!O07'(!7,>#'?'07,>!+'#!(2%::!&%2O!O#'*!8O#!9%,>(!%2!O+'>! 20! #d6:+%,! 2O#5! 20! (05#0,#!&O0!&+(! ,02! 2O#'#*! Q%,>%,?! +,02O#'! (7'$%$0'P!/53P!20!-#9'%#,>!5#+,(!9%,>%,?!(7660'2!+,>!(O+'%,?!2O#!#d6#'%#,N#!O#:6(!O#'! 20!>#+:!&%2O! %2! +,>P! #$#,27+::3P!L"$/. (". (/0$#!&%2O! 2O#! %,N056'#O#,(%-:#*!Ik7+::3P!2O#!2O#5#(!90'5%,?!2O#!'#6#'20%'#!09!9'%#,>(O%6!+'#!907,>!%,!2O#!90::0&%,?!6+((+?.#(!k702%,?!O#'!9'%#,>*!!

!_U^`! <O#,!&#!5#2! %2! 9#:2! :%;#!&#! O+>! ;,0&,! #+NO! 02O#'! 90'! #$#'*! B! (2%::!! &+(,f2! 7(%,?! 2O#! 27-#! +2! 2O+2! (2+?#! +,>!J'%(2%,+! O#:6#>!5#! 9%,>! 2O#!! (2'#,?2O!20!?0!-+N;!0,!%2*!_Q8P!G7:3!SVc!FSR`!

HO#!2O#5#(!09!5727+:!7,>#'(2+,>%,?!+,>!(O+'%,?!+'#!907,>!%,!/53f(!'#+N2%0,P!'(.+/&(.&']/.U/.K)B.]*"U*./)LK."(K/0.+"0./7/0!+,>!2O#!2O#5#!09!(7660'2!%,!2O+2!'#6#'.20%'#! %(!>%'#N2:3! '#9#''#>! 20! %,!O#'!&0'>(!K/&%/B.$/. +'*B. (K/.#(0/*1(K*!/53!N0,.(2'7N2(!2O#%'!9'%#,>(O%6!+(!'#:%+-:#!-3!>#(N'%-%,?!%2!%,!2#'5(!09!+!2%5#!9'+5#P!+(!%9!%2!O+>!#d%(2#>!90'!+!$#'3!:0,?!2%5#*!B,!O#'!5#,2%0,!09!2O#!2%5#!9+N20'!(O#!%,>%'#N2:3!N055#,2(!0,!2O#!9+N2!2O+2!O#'(!+,>!J'%(2%,+f(!9'%#,>(O%6!&+(!50'#!0'!:#((!%,(2+,.2+,#07(*!@#$#'2O#:#((P! %2!O#:6#>!O#'! 20! 9%,>! 2O#!N07'+?#! 20!?0!>0&,!+,>!7(#! 2O#!7,>#'?'07,>!+?+%,*!!

HO#! %5+?#!09! 2O#!!"#$"!1'0&! +,>!O#'! '#:+2%0,(O%6(!#5#'?%,?! 2O'07?O! 2O#! '#6#'.20%'#!09! 9'%#,>(O%6!>%99#'(! 9'05! 2O#!>#(N'%62%0,!09! 2O#!+22%27>#(!+,>!-#O+$%07'!09!!"#$"! &05#,! 6'0$%>#>! -3! M+NO%,! +,>! $+,! [##7&#,! _USSR`! %,! 2O#%'! (27>3!mK:0-+:!8NO#5+(!+,>![0N+:!)%(N07'(#(!%,!!"#$"%"&'()*b*!HO#3!(O0&!2O+2!%,!2O#!9+,2+(3!&0':>!09!!"#$"! 2O#'#! %(! ,0! '005! 90'! 9'%#,>(O%6P! +,>!O75+,!-#%,?(! +'#!-+(%N+::3!7,'#:%+-:#*!HO#3!>#(N'%-#!2O#!9#::0&!O75+,!-#%,?(!09!2O+2!&0':>P.&O#2O.#'!N0::#+?7#(P!9'%#,>(!0'! :0$#'(P!+(!m#((#,2%+::3!7,'#:%+-:#b!+,>!6'#6+'#>!20!m6:02!+?+%,(2!307!-#O%,>!307'!-+N;P!2O#3!2+;#!+>$+,2+?#!09!307!+,>!2O#3!>07-:#.N'0((!307b*! /:(0P! 2O#%'! (27>3! (O0&(! 2O+2! 2O#! >%(N7'(%$#:3! N0,(2'7N2#>! (7??#(2%0,(! 90'!O0&!20!(0:$#!6'0-:#5(!>0!,02! 2+;#!%,20!N0,(%>#'+2%0,!(7660'2!9'05!02O#'!6#06:#!_9'%#,>(P!'#:+2%$#(P!0'!N0::#+?7#(`!+(!+!5#+,(!09!>#+:%,?!&%2O!+,!%((7#*!_M+NO%,!q!$+,![##7&#,!USSRc!]SUP!]S]`!

! 8L().M)#)/*#')!!!FSF!

! !

HO#!90N7(!09! 2O#%'!(27>3!+(!N056+'#>! 20! 2O#!90N7(!09! 2O%(!N7''#,2!(27>3!5+3!+N.N07,2!90'!2O%(!>%99#'#,N#*!HO#!90N7(!09!2O#%'!(27>3!&+(!0,!6'0-:#5.(0:72%0,!?#,.'#(P!N+(#!(20'%#(!+,>!#d6#'2!>%(N07'(#(!_M+NO%,!q!$+,![##7&#,!USSRc!EZV`P!+,>!2O#!5+?+e%,#f(!%56:%N%2!+((7562%0,!2O+2!2O#!!"#$".1'0&!%(!+::!+:0,#!%,!2O#!&0':>P!&%2O!,0!02O#'!9'%#,>!2O+,!2O#!5+?+e%,#P!+,>!2O+2!(O#!,##>(!+>$%N#*!HO#!90N7(!09!2O#!(27>3!+2!O+,>! %(!0,!N056#2%,?!>%(N07'(#(!+,>! 2O#! %,2#'9+N#!&O#'#! 2O#3!NO+:.:#,?#! 2O#! >05%,+,2! >%(N07'(#! 09! 2O#!5+?+e%,#P! 0,:3! 20! -#! ,#72'+:%e#>*! L,! 2O+2!%,2#'9+N#P!2O#!5+?+e%,#!099#'(!+!(N'%62!>#(N'%-%,?!2O#!!"#$"!1'0&!+(!(7NN#((97:!,02!-#N+7(#! (O#! %(!+! :0,#! '+,?#'P!-72!-#N+7(#! (O#!O+(! 2O#! (7660'2!09! 9+5%:3P! 2'7(2#>!9'%#,>(P!+,>!'#:%+-:#!N0::#+?7#(*!!

@#$#'2O#:#((P!%,!(6%2#!09!2O#!(7660'2!&O%NO!(7''07,>(!O#'P!2O#!!"#$".1'0&!5+3!,02!-#!N0,2#,2!&%2O%,!O#'(#:9*!8O#!5+3!6:+N#!>#5+,>(!0,!O#'(#:9!(7NO!+(!2O0(#!(2#5.5%,?! 9'05!O#'! >#2#'5%,+2%0,! 20! N0,90'5! 20! 2O#! 9#5%,%,%2%#(! N%'N7:+2#>! +,>!6'0.502#>!-3! 2O#!5#>%+*!L,#!(7NO!>#5+,>!5+3!-#! 2O+2! (O#!6'0>7N#(! 2O#! %>#+:!6#'.90'5+,N#!09!2O#!!"#$"!1'0&!9#5%,%,%23c!2O#!+NO%#$#'P!&O0!%(!+22'+N2%$#P!(7NN#((97:P!+,>!%,!N0,2'0:*!40,(2+,2:3!5#+(7'%,?!0,#(#:9!+?+%,(2!(7NO!>#5+,>(!5+3!'#(7:2!%,!9##:%,?(! 09! %,(799%N%#,N3! +,>! :0&! (#:9.#(2##5*! HO#'#!5+3! -#! +! >%(N'#6+,N3! -#.2&##,!2O#!67-:%N!%5+?#!09!+!&05+,!+,>!O#'!%,,#'!9##:%,?(*!87NO!+!N'+N;!%(!#$0;#>!%,! 2O#! 90::0&%,?! #d+56:#! N0,2+%,%,?! 2O#! 2O#5#(! 09! #/&+5K)0$'*1! +50,?! 307,?!&05#,!+,>.B'##)('#+)L('"*!%,!2O#5(#:$#(*!

_UZ`! Bf5!+!N0,9%>#,2!6#'(0,!%,!50(2!'#(6#N2(*!Bf5!(7NN#((97:P!B!;,0&!6#0.6:#!2O%,;!Bf5!+22'+N2%$#P!B!#,W03!53!:%9#P!B!O+$#!?'#+2!9'%#,>(!+,>!B!:0$#!53!9+5%:3Pb!(O#!(+3(*!mM3!6'0-:#5!%(!2O+2!B!9%,>!%2!O+'>!20!N0557,%.N+2#!&O#,!Bf5!9##:%,?!:0&*!8#:9.O+'5%,?!%(!(%56:3!53!N06%,?!5#NO+.,%(5!+2!2%5#(!&O#,!2O#!+,?#'!+,>!7,O+66%,#((!B!O+$#!:0N;#>!76!%,(%>#!53(#:9!N05#!20!2O#!(7'9+N#*!B2!>0#(,f2!O7'2!+2!2O#!2%5#!n!%2!W7(2!2%,?:#(!n! -72! 2O#! 0$#'&O#:5%,?! 9##:%,?! %(! 0,#! 09! '#:%#9*! B! ;,0&! (05#! (#:9.O+'5#'(!,##>!20!(##!-:00>!-72P!90'!5#P!-:00>!O+(!,02O%,?!20!>0!&%2O!%2*!B!?#2!+!'7(O!09!#,>0'6O%,(!&O#,!B!>0!%2P!+,>!2O+2f(!2O#!9##:%,?!B!,##>!20!'#5+%,!(+,#*!_Q8P!G7:3!SEc!V\P!VZ`!

HO#! 2O#5#! %(! '#$#+:#>! %,! 2O#! '#9#'#,N#! 20!$O.%0"[&/$*! HO#! 9%'(2! 2&0! (#,2#,N#(P!&O%NO!N0,(2%272#>!Id+56:#!UF!_%,!]*F`P!>#(N'%-#!+::!2O#!NO+'+N2#'%(2%N(!09!+,!%>#+:!6#'90'5+,N#!09!!"#$"!1'0&! 9#5%,%,%23*!HO#! %,2#'$%#&##! 2O#,!50$#(!0,! 20!5+;#!(2+2#5#,2(!+-072!O#'(#:9!&O%NO!N0,9:%N2!&%2O!O#'!6'#$%07(!0,#(*!HO#!2O#5#!09!>%(.(+2%(9+N2%0,! %(! 907,>! %,! #d6'#((%0,(! :%;#! )*1/0. )*B. ,*K)%%'*/##P! K)0B. (". L"$5$,*'L)(/P!+//&'*1.&"U*!!

HO#! %,2#'$%#&##!>#(N'%-#(!O0&!(#:9.O+'5%,?!-#N05#(!+! (7-(2%272#! 90'!N0,2'0:!09!O#'!:%9#*!Id#'N%(%,?!N0,2'0:!%,!2O%(!&+3!?%$#(!O#'!+,!"7/0UK/&$'*1.+//&'*1!s***t!"+.

FSU!!!8L().M)#)/*#')!

!

0/&'/+*! B9!(O#!N+,,02!N0,2'0:!O#'!0&,!9'7(2'+2%0,!+2! 2O#!>#5+,>(!6:+N#>!760,!O#'!_-3!O#'(#:9!0'!O#'! :%9#!+,>!&0';!(7''07,>%,?(`P! (O#!N+,!+2! :#+(2!N0,2'0:!O#'!0&,!-0>3!+,>!%2(!(#,(+2%0,!09!6+%,*!8O#!+22#562(!20!W7(2%93!O#'!0&,!-#O+$%07'!-3!'+.2%0,+:%e%,?!%2P!&O#,!(O#!%(P!%,!9+N2P!'#9#''%,?!20!2O#!N0,9:%N2!-#2&##,!O#'!9'0,2!(2+?#!%5+?#!+,>!2O#!-+N;(2+?#!0,#*!H0!>0!(0P!(O#!7(#(!0,#!_k7+(%.`5#>%N+:!#d6:+,+2%0,!_D.1/(.).0,#K."+./*B"0%K'*#.UK/*.D.B".'(`!+,>!0,#!(#2!%,!6067:+'!6(3NO0:0?3!_(K)(N#.(K/.+//&'*1.D.*//B.(".0/$)'*.#)*/`*!!

HO#!2O#5#(!09!(#:9.O+'5%,?!+,>!N0,2'0:!+'#!:%,;#>!+:(0!%,!2O#!90::0&%,?!#d+56:#*!

_RS`! B!>%>,f2!;,0&!&O+2! 20!>0!n!O0&!20!>#+:!&%2O! 2O#! W75-:#!09! 9##:%,?(*!Bf>!+:'#+>3!%5+?%,#>!O0&!%2!&07:>!9##:!20!N72!53(#:9c!%2!&07:>P!B!-#.:%#$#>P!?%$#!5#!+!(#,(#!09!'#:#+(#!n!+,>!N0,2'0:*!B2!&+(!+!&+3!20!90N7(!2O#!?7%:2P! (#:9.:0+2O%,?!+,>! :0,#:%,#((! B! 9#:2! %,20!+! 2+,?%-:#P!6O3(%N+:P!5+,+?#+-:#!6+%,*!B2!(##5#>!:%;#!+!&+3!072P!(0!B!?'+--#>!2O#!N+'$%,?!;,%9#!9'05!53!;%2NO#,!+,>!N72*b!_Q8P!G7,#!SVc!FSR`!

HO#!N0,,#N2%0,!-#2&##,!2O#!2&0!2O#5#(!%(!(7??#(2#>!%,!2O#!5#,2%0,!09!2O#!%,2#'.$%#&##f(!>,$[&/."+.+//&'*1#*!8O#!>0#(!,02!O+$#!N0,2'0:!0$#'!O#'!9##:%,?(P!+,>!(#:9.O+'5%,?!2O#,!-#N05#!+!5#+,(!09!N0,2'0:*!B2!97,N2%0,(!+(!+!(+9#23!$+:$#!90'!6#,2.76!9##:%,?(*!HO#!%,2#'$%#&##!NO00(#(!(#:9.O+'5!20!O#:6!O#'!'#.90N7(!O#'!%,,#'!27'.50%:! %,20! 6O3(%N+:! 6+%,! &O%NO! (O#! 9%,>(! 2)*1'[&/! s+,>! 2O#'#90'#t!$)*)1/)[&/*!<O#,!O+'5%,?!O#'(#:9!(O#!'#:#+(#(!O#'!#502%0,+:!6+%,!+,>!'#?+%,(!N0,2'0:P!+(!%,!2O#!#d6'#((%0,!#/*#/."+.0/&/)#/.Q.)*B.L"*(0"&*!8#:9.O+'5%,?!-#N05#(!+!50N;#'3!09!N0,2'0:P!N'7#::3!5%5%N;%,?!%2*!!

HO7(! 2O#! 2O#5#! 09! N0,2'0:! 9'05! 2O#! '#6#'20%'#! 09! %,>#6#,>#,N#! -#N05#(! +! '#.$#'(#>!5%''0'! %5+?#P!&O%NO! 97,N2%0,(! 20! 7,>#'5%,#! 2O+2! >%(N07'(#*!@##>:#((! 20!(+3P!2O#!!"#$"!1'0&!09!2O#!#>%20'%+:(!>0#(!,02!%,9:%N2!(#:9.O+'5!0,!O#'(#:9*!8O#!>0#(!,02!,##>!20!-#N+7(#!(O#! :%$#(! %,!2O#!5#>%+2#>!&0':>!&O#'#!(O#! %(! %,!N0,2'0:*!=3!N0,2'+(2P!2O#!9#+27'#!(20'%#(P!&O%NO!N+,!-#!7,>#'(200>!+(!'#60'2(!9'05!2O#!(%27+2#>!&0':>P!>#(N'%-#!,02!0,:3!2O#!>#5+,>(!(O#!6:+N#(!0,!O#'(#:9!-72!+:(0!(0N%+:!6'+N2%N.#(!&O%NO!5+3!2+'?#2!O#'!20!%,9:%N2!%,W7'3*!!

hV9V;. C/S'#$.)*B.@)0)##$/*(.

B,! 2O#!&0';6:+N#P! 2O#! 2O#5#(! 09!!"#$"!1'0&f(! N0,2'0:! +,>! NO0%N#P! +,>! 2O7(! O#'!%,>#6#,>#,N#P!5+3!-#!NO+::#,?#>!-3!$+'%07(!2O#5#(!09!(#d%(5!(7NO!+(!%,#k7+:%23!%,!(+:+'%#(!+,>!02O#'!N056+,3!60:%N%#(!'#:+2#>!20!?#,>#'*!8#d%(5!%,!2O%(!N0,2#d2!%(!20! -#!7,>#'(200>! +(! _7,+NN#62+-:#`! +22%27>#(! m-+(#>!0,! N0,(#'$+2%$#! +,>! (2#'#0.236%N+:! -#:%#9(b! %,! 2O#!&+3! >#(N'%-#>! -3!M%::(! _USS^c! U`*! B,! 2O#! 9#+27'#! (20'%#(P!

! 8L().M)#)/*#')!!!FSR!

! !

(05#! 09! 2O#(#! 2O#5#(! 2O'07?O! &O%NO! (#d%(5! %(! N0,(2'7N2#>! +'#! 2O0(#! 09!#k7+:g7,#k7+:! 6+3! +,>! #k7+:g7,#k7+:! W0-! 0660'27,%2%#(P! >%(N'#6+,N3! %,! +22%27>#(!+NN0'>%,?!20!&O%NO!&05#,!+,>!5#,!+'#!+((#((#>P!+,>!:+N;!09!N0,2'0:*!HO#!2O#5#!09!7,#k7+:!6+3!%(!907,>!%,!2O#!90::0&%,?!#d+56:#*!

_RF`! p<#!>%>!2O#!(+5#!W0-!-72!O#!#+',#>!wE*SSS!50'#f!

@#&!3#+'P!(+5#!0:>!6+3!>%$%>#*! B,N'#>%-:3P!&05#,!(2%::!#+',!+'07,>!F^!6#'!N#,2!:#((!2O+,!5#,!n!+(!<%.%9)C%#5P!U^P!:#+',#>!2O#!O+'>!&+3*!8O#! 2#::(! O#'! (20'3! +,>! &#! 2#::! 307! O0&! 20! ?#2! 2O#! (+:+'3! 307! >#.(#'$#x!_Q8P!Q#-*!USSEc!^\`!

HO#!2O#5#!09!(#d%(5!2O'07?O!%,#k7+:%23!%,!(+:+'%#(!%(!907,>!%,!aM/.B'B.(K/.#)$/.>"[.[,(.K/./)0*/B.i`V:::.$"0/NP!#)$/."&B.%)O.B'7'B/!+,>!U"$/*.#('&&./)0*.)0",*B.;g.%/0. L/*(. &/##. (K)*.$/**!HO#!5+?+e%,#!+>>'#((#(! 2O#!!"#$"!1'0&! +(! +!6#'(0,!&O0!;,0&(!O#'! %,>#6#,>#,N#! %(!-#%,?!7,>#'5%,#>h!N0,(#k7#,2:3P!(O#!,##>(!+>.$%N#!20!NO+::#,?#!2O#!N0,(2'+%,2(!09!(#d%(5*!8O#!>0#(!2O#!(+5#!W0-!+(!+!5+,!>0#(*!B2! %(! (#:9.#$%>#,2! 2O+2! (O#! >#(#'$#(! #k7+:! 6+3*!D0&#$#'P! 2O%(! N056#2#,2!&05+,!(2%::! #+',(! :#((! 2O+,! O#'! 5+:#! N0::#+?7#*! HO#! #>%20'! +((75#(! 2O+2! (O#! >0#(! ,02!;,0&!O0&!20!>#+:!&%2O!2O#!(%27+2%0,!+,>!(2#6(!%,c!U/.(/&&.O",.K"U.(".1/(.(K/.#)&)0O.O",.B/#/07/*!HO#!5+?+e%,#!%,(2'7N2(!O#'!0,!2O#!:#$#:(!09!+'?75#,2+2%0,!+,>!+N2%0,!+:%;#*!B2!?%$#(!O#'!2O#!+'?75#,2(!(O#!,##>(!20!NO+::#,?#!2O#!#d%(2%,?!(+:+'3!6'+N.2%N#(!+,>!60((%-:3!+:(0!%,(2'7N2(!O#'!O0&!20!-#O+$#!20!-'%,?!+-072!NO+,?#*!B,!2O%(!&+3P! 2O#!5+?+e%,#! N07,2#'(! 2O#!6'+N2%N#! 09! (#d%(5!+,>! +22#562(! 20! ,#72'+:%e#! %2!&%2O!%2(!+>$%N#*!D0&#$#'P!2O#!+>$%N#!'#5+%,(!0,!2O#!6#'(0,+:!:#$#:h!,0!+22#562!%(!5+>#! 20! (7??#(2! +N2%0,(! &O%NO! 5%?O2! NO+,?#! +! _60:%2%N+:! +,>! N7:27'+:`! (3(2#5!&O%NO!+::0&(!%,#k7+:%23*!

HO#!(0N%+:!6'+N2%N#!09!(#d%(5P!>%(N7'(%$#:3!N0,(2'7N2#>!2O'07?O!2O#!2O#5#(!'#:+2#>!20!(#d%(5P!7,>#'5%,#(!2O#!2O#5#!09!NO0%N#!9'05!2O#!'#6#'20%'#!09!2O#!!"#$"!1'0&p(!%,>#6#,>#,N#*! C'+N2%N#(! 09! (#d%(5! +'#! N0,(2'7N2#>! %,! 2O#!&0':>! 09! -+,;#'(! +,>!%,$#(25#,2!-'0;#'(P!+(!%,!2O#!9:0&%,?!#d+56:#*!

_RU`! 8#d%(5!%(P!09!N07'(#P!+!(2+6:#!'7507'!09!2O#!8k7+'#!M%:#!s09![0,>0,t!+,>!%2f(!%,#$%2+-:#!2O+2!(05#!09!2O#!&05#,!B!5##2!9##:!2O#3f'#!&0';%,?!%,!+!5+,f(!&0':>P!%,!#$#'3!(#,(#*!

C'#2#,>%,?!20!-#!+!4%23!C/P!B!+(;!/,,+P!UVP!+!2'+>#'P!&O#2O#'!(O#f(!,0.2%N#>!+,!%,#k7+:%23*!s***t!m<O#,!&#!N056:+%,!20!07'!-0((#(!2O+2!&#f'#!&0';%,?!O+'>#'! 2O+,!(05#!09!07'!5+:#!N0::#+?7#(!-72!?#22%,?!6+%>!+!9'+N2%0,!09!&O+2!2O#3!?#2P!&#f'#!20:>!2O+2!2O#!-03(!,##>!%2!90'!2O#%'!9+(2!N+'(P!-0+2(P!O0:%>+3(!+,>!:+6.>+,N%,?!W+7,2(*b!_Q8P!)#N*!SVc!FF]`!

FSE!!!8L().M)#)/*#')!

!

HO#! 2O#5#!09! (#d%(5! 2O'07?O! (+:+'3! %,#k7+:%23! %(! #d6:%N%2:3!5#,2%0,#>! %,!U/N0/.U"0]'*1.K)0B/0. (K)*.#"$/."+.",0.$)&/.L"&&/)1,/#.[,(.1/(('*1.%)'B.). +0)L('"*."+.UK)(. (K/O.1/(*!L72'%?O2! (#d%(5! %(!#$0;#>! %,! (K/.["O#.*//B. '(. +"0. (K/'0. +)#(.L)0#-.[")(#-.K"&'B)O#.)*B.&)%5B)*L'*1.>),*(#*!HO#!!"#$".1'0&!5+3!O+$#!?+%,#>!+NN#((!20!+!5+:#.>05%,+2#>!6'09#((%0,P!-72!2O+2!>0#(!,02!5#+,!2O+2!2O#!6'+N2%N#(!09!O#'!&0';6:+N#!?'+,2!O#'!#k7+:!'%?O2(!0'!#$#,!#k7+:!$+:7#!+(!+!O75+,!-#%,?*!HO#!W7(2%.9%N+2%0,!90'!2O+2!O%?O!(+:+'3!%(!2O+2!2O#3!,##>!%2!90'!6+(2%5#(!&O%NO!+'#!>#5#+,%,?!20!&05#,P! :%;#! &)%5B)*L'*1. >),*(#*!HO7(! 2O#!!"#$".1'0&! 9%,>(! 2O+2!#$#,! 2O07?O!(O#!5+3!&0';!O+'>P!0'!#$#,!O+'>#'!2O+,!O#'!5+:#!N0::#+?7#(P!2O%(!%(!,02!#,07?O*!8O#!%(!(2%::!6+%>!:#((*!8O#!>0#(!,02!9%2!%,P!(%,N#!(O#!>0#(!+,(&#'!20!2O#!(2#'#0236#!09!+!5+,!&O0!,##>(!+!O%?O#'!(+:+'3!90'!2O#!(2#'#0236%N+:!5+:#!+N2%$%2%#(!09!+)#(.L)0#-.[")(#-.K"&'B)O#.)*B.&)%5B)*L'*1.>),*(#*!!

B,!0'>#'!20!6'#(#'$#!O#'!%,>#6#,>#,N#P!2O#!!"#$"!1'0&!,##>(!20!9%,>!&+3(!09!>#+:.%,?!&%2O! (7NO! +! (%27+2%0,*! 8O#!5+3! +NN#62! 2O+2! (O#! N+,,02P! 90'! 2O#! 2%5#! -#%,?P!NO+,?#!2O#!+22%27>#(!&O%NO!+'#!-#O%,>!2O#!(0N%+:!6'+N2%N#(*!B,(2#+>P!(O#!>#$#:06(!+,!+22%27>#!90'!O#'!0&,!6'02#N2%0,!+(!(O0&,!%,!2O#!90::0&%,?!#d+56:#*!

_RR`! M+>#:#%,#P!+!UZ.3#+'.0:>!-'0;#'P!(+3(P!mBf$#!>#$#:06#>!2O%(!+22%27>#!09!p-03(!&%::!-#!-03(f*!B2f(!2O#!0,:3!&+3!20!>#+:!&%2O!%2*!B9!2O#3!,##>!2O#%'!203(!+,>!N+'(!+,>!&05#,!20!9##:!%560'2+,2P!:#2!2O#5!O+$#!%2*!HO#!>+3!307!(6#+;!072!+-072!2O#!%,W7(2%N#!09!%2!+::!%(!2O#!>+3!307!N+,!#d6#N2!20!:#+$#!307'!W0-*b!_Q8P!)#N*!SVc!FFV`!

HO#!2O#5#!09!+!&05+,f(!:+N;!09!N0,2'0:!%(!907,>!%,!2O#!+'?75#,2+2%0,!09!2O#!%,.2#'$%#&##!O#'#*!8O#!'#+:%e#(! 2O+2!(O#!N+,,02! %,9:7#,N#!N056+,3!(+:+'3!6'+N2%N#(*!8O#!>0#(!,02!O+$#!N0,2'0:!,0'!N+,!(O#!-'%,?!+-072!NO+,?#P!(0!(O#!'#(0'2(! 20! 2O#!7(#!09! +! >%(N7'(%$#! #:#5#,2P! 2O#!0:>!6'0$#'-!["O#.U'&&. [/.["O#*! 8O#! +NN#62(! 2O#!(%27+2%0,P!+,>!>%(2+,N#(!O#'(#:9!%,!0'>#'!20!6'02#N2!O#'(#:9*!B,!02O#'!&0'>(P!(O#!N0,.(2'7N2(!O#'(#:9! +(! +!50'#!5+27'#!6#'(0,! _+!502O#'! 9%?7'#r`!&O0! %(! %,>7:?#,2! 20.&+'>(!-03(!-#O+$%,?!-+>:3*!B,>##>P!%,!0'>#'!20!N06#!&%2O!2O#!#d6'#((%0,(!09!0$#'2!(#d%(5P!(O#!N0,(2'7N2(!+!'#:+2%0,(O%6!:%;#!2O+2!09!+!502O#'g(0,!0'!+!(%(2#'g307,?#'!-'02O#'*!HO%(!+22%27>#!09!O#'(!O%>#(!2O#!9+N2!2O+2!2O#'#!%(!+!:+N;!09!#k7+:%23!%,!2O#!'#:+2%0,(O%6! -#2&##,! O#'! +,>! O#'! 5+:#! N0::#+?7#(*! HO7(! #N0,05%N! %,#k7+:%23!06#,(!+!N'+N;!%,!2O#!%>#+:!6#'90'5+,N#!09!!"#$".1'0&!9#5%,%,%23*!

@02+-:3P! 2O#!5+?+e%,#!>0#(!,02!099#'!+,!#d+56:#!09!O0&!20!>#+:!&%2O!2O#!(%27+.2%0,h!+>062%,?!+,!+22%27>#!09!["O#.U'&&.[/.["O#! >0#(!,02!6'0$%>#!+! (0:72%0,*!HO#!!"#$". 1'0&f(! >#N%(%0,! 20! +>062! 2O%(! +22%27>#! 5+3! -#! ,#N#((+'3! 90'! O#'! (#:9.6'#(#'$+2%0,P!-72!%2!%(!+!(O0'2.2#'5!(0:72%0,*!8O#!;,0&(!2O+2!%,!2O%(!N+(#!O#'!NO0%N.#(!+'#!:%5%2#>*!8O#!&%::!-#!+::0&#>!20!(2+3!%,!O#'!N056#2%2%$#!6'09#((%0,!0,:3!+(!:0,?!+(!(O#!90::0&(!2O#!'7:#(P!%,N:7>%,?!2O#!0,#(!2O+2!'#6'0>7N#!?#,>#'!%,#k7+:%23*!

! 8L().M)#)/*#')!!!FS]!

! !

D#'!NO0%N#! %(! 20!N056:3!+,>!;##6!O#'! W0-P!+(! (##,! 9'05!O#'! (2+2#5#,2c!JK/.B)O.O",.#%/)].",(.)[",(.(K/.'*>,#('L/."+.'(.)&&.'#.(K/.B)O.O",.L)*./S%/L(.(".&/)7/.O",0.>"[V!D#'!NO0%N#!%(!20!>#+:!&%2O!2O#!6'0-:#5!-3!(7-5%22%,?!20!2O#!6'+N2%N#(!09!O#'!&0';6:+N#!&O%NOP!09!N07'(#P!%(!,02!+!(0:72%0,!+2!+::!%,!2O#!:0,?!'7,*!B2!%(!N#'2+%,:3!,02!0,#!2O+2!&%::!97'2O#'!#k7+:!6+3!90'!&05#,!+,>!5#,*!HO%(!%(!2O#!6'%N#!(O#!6+3(!90'!+!W0-!&O%NO!+::0&(!O#'!20!76O0:>!2O#!#d6#,(%$#!:%9#(23:#!09!O#'!NO0%N#*!!

HO#!%,>#6#,>#,N#!09!2O#!!"#$"!1'0&!N+,!+:(0!-#!7,>#'5%,#>!-3!2O#5#(!09!$%N2%5.%e+2%0,!2O'07?O!O+'+((5#,2!0'!-7::3%,?!%,!2O#!&0';!6:+N#!+,>!2O#!N0,(2'7N2%0,!09!%,(#N7'%23! %,! 2O#! $%N2%5*! 8O#! %(! 6+'2%N7:+':3! $7:,#'+-:#! %,! +! (%27+2%0,!&O#'#! 2O#!-7::3! %(!O#'!-0((!0'! %,!02O#'!&+3(!O#'! (#,%0'*!/! 2O#5#!09!$%N2%5%e+2%0,! 2O'07?O!O+'+((5#,2!%,!2O#!&0';!6:+N#!%(!>#(N'%-#>!%,!2O#!90::0&%,?!#d+56:#*!!

_RE`! pH#::!5#!+-072!307'!-039'%#,>Pf!O#!sO#'!-0((t!(+%>*!pB!(7660(#!307f::!-#!%,!-#>!20?#2O#'!+::!&##;#,>rf!B!2'%#>!20!-'7(O!%2!099P!-72!%2!&+(!7,.(#22:%,?*!D#!&+(!O+66%:3!5+''%#>!+,>!O+>!-##,!+!;%,>!-0((!(0!9+'*!D+>!B!5%(7,>#'(200>r!

=72!9'05!2O+2!505#,2P!O#!5+>#!+!O+-%2!09!N05%,?!0,20!5#!&O#,!,0!0,#!&+(!+'07,>*!M0',%,?(!&#'#,f2!(0!-+>!n! 2O#!099%N#!&+(! 200!-7(3!90'!O%5!20!-02O#'!5#!n!-72!B!>'#+>#>!2O#!+92#',00,(!-#N+7(#!B!N+5#!20!;,0&!2O%(!&+(!&O#,!O#f>!+66'0+NO*!_Q8P!G7:3!SEc!^\`!

HO#! %,(#N7'%23! %,! 2O#! >#(%?,+2#>! $%N2%5! %(! +! 6'#'#k7%(%2#! 90'! (#d7+:! O+'+((5#,2*!HO#!2O#5#!09!%,(#N7'%23!%(!907,>!%,!#d6'#((%0,(!(7NO!+(!,*#/((&'*1!+,>!@)B.D.$'#5,*B/0#(""Bj!B2!+::0&(!2O#!-7::3!20!2+;#!N0,2'0:!0$#'!O%(!%,2#,>#>!$%N2%5*!HO#!%,.2#'$%#&##! %,! 2O%(! 9#+27'#! (20'3! 9'#k7#,2:3! '#9#'(! 20! 2O#! 2O#5#!09! %,(#N7'%23!&O#,!'#N07,2%,?! O0&! 2O#! -7::3! 7,>#'5%,#(! O#'! N0,2'0:h! O#!5+;#(! O#'! >07-2! O#'! 0&,!W7>?#5#,2*! D%(! &0'>(! +'#! 7,5%(2+;+-:#! -72! (O#! 9%,>(! %2! O+'>! 20! N05-%,#! 2O#5!&%2O! O#'! 6%N27'#! 09! O%5! +(! +! 5+''%#>! 5+,! +,>! +! ;%,>! -0((*! 40,(#k7#,2:3P! (O#!>07-2(!O#'(#:9!+,>!%(!2#562#>!20!672!O%(!(2+2#5#,2(!>0&,!+(!+!5%(7,>#'(2+,>%,?*!Q0'!-7::%#(P!2O%(!#:#5#,2!09!>07-2!%(!0,#!&+3!20!N0,2'0:!2O#%'!$%N2%5(f!5%,>(!+,>!-#90'#! :0,?! 2O#%'! $%N2%5(! &%::! -#! %,! (7NO! +! (2+2#! 09! %,(#N7'%23! 2O+2! 2O#3! >0! ,02!;,0&!&O+2!20!#d6#N2!n!0'!&O#,*!!

HO7(! +:(0! %,! 2O#! N0,2#d2! 09! -7::3%,?P! %,2#'6#::+2%0,! +66#+'(! 20! -#! +2!&0';*!L$#'!2%5#P! 2O#!$%N2%5!N05#(! 20! %>#,2%93!O#'(#:9! +(! 2O#!7(#:#((!6#'(0,! %,2#'6#::+2#>!-3!O#'!-7::3*!/(!+!N0,(#k7#,N#P!(O#!%(! :0(%,?!O#'!9002O0:>P!+(! %::7(2'+2#>! %,! 2O#!90:.:0&%,?!#d+56:#!9'05!2O#!(+5#!(6#+;#'*!!

_R]`! /2!&0';P!B!(:0&:3!NO+,?#>!9'05!+!-'%?O2P!#,2O7(%+(2%N!6#'(0,!20!+!(O3P!,#'$07(! (O+>0&*!M'*! H7::#2f(! (:#+e3! N055#,2(!&#'#!5%d#>! %,!&%2O!

FSV!!!8L().M)#)/*#')!

!

'#5+';(!+-072!O0&!7(#:#((!B!&+(P!(0!B!,#$#'!;,#&!&O+2!90'5!O%(!+2.2+N;(!&07:>!2+;#*!L,#!5%,72#!O#f>!2#::!5#!B!&+(!200!+22'+N2%$#!90'!53!-039'%#,>P! 2O#! ,#d2! O#f>! (+3! 53! &0';! &+(! 2#''%-:#! +,>! 2O+2! B! &+(!:7N;3!20!O+$#!+!W0-*!8:0&:3P!B!N+5#!20!-#:%#$#!O#!&+(!'%?O2*!_Q8P!G7:3!SEc!^^`!

B,(#N7'%23!+(!+,!#99#N2!09!-7::3%,?!%(!907,>!%,!#d6'#((%0,(!:%;#!#KO-.*/07",#.#K)B5"U!+,>!#&"U&O-.D.L)$/.(".[/&'/7/.K/.U)#.0'1K(*!HO#!-7::3!%(!7,>#'5%,%,?!O#'!(#:9.#(2##5!%,!(2+?#(*!D#!9%'(2!2+'?#2(!O#'!&%2O!O%(!(#d7+:!'#5+';(!+,>!2O#,!+22+N;(!O#'!6'09#((%0,+:%(5!%,!0'>#'!20!5+;#!(7'#!(O#!'#5+%,(!O%(!$%N2%5*!D#!N+::(!O#'!,#/&/##!+,>!%56:%#(!2O+2!(O#!%(!:7N;3!2O+2!O#!NO00(#(!20!#56:03!O#'P!%,!(6%2#!09!O#'!&0';!-#%,?! (/00'[&/*!B,>##>P!&%2O!2O%(!O#!(7??#(2(!2O+2!(O#!(O07:>!-#!2O+,;97:!20&+'>(!O#'!20'5#,20'*!D%(!-7::3%,?!'#>7N#(!O#'!N0,2'0:!20!2O#!#d2#,2!2O+2!#$#,!O#'!6#'(0,.+:%23!NO+,?#(!n!+2!:#+(2P!2O+2!%(!O0&!(O#!#d6#'%#,N#(!%2*!8O#!%(!,0!:0,?#'!2O#!-'%?O2!6#'(0,!&O0!7(#>!20!-#!+!N056#2#,2!+,>!#,2O7(%+(2%N!!"#$"!1'0&P!-72!2O#!(O+>0&!09!O#'! 90'5#'! (#:9*!D+'+((5#,2!5+3P!0$#'! 2%5#P!N+7(#!+!&05+,! 20! :0(#!O#'!6#'.(6#N2%$#!09!O#'(#:9!+,>!O#'!+-%:%2%#(!+,>P!:%;#!2O#!%,2#'$%#&##!%,!2O%(!#d+56:#P!(O#!5+3!N05#!20!-#:%#$#!2O+2!O#'!-7::3!%(!'%?O2!&O#,!O#!N0,(2'7N2(!O#'!+(!6#'(0,+::3!+,>!6'09#((%0,+::3!,#/&/##*!HO7(! 2O#! 2O#5#!09! %,(#N7'%23!06#,(! +,02O#'! N'+N;! %,!2O#!6#'90'5+,N#!09!!"#$".1'0&!9#5%,%,%23*!HO#!5+?+e%,#f(!(7??#(2%0,(!90'!O0&!20!>#+:!&%2O!(7NO!+!(%27+2%0,!&%::!-#!>%(N7((#>!97'2O#'!%,!]*E*!

hV9V9. ?/(0)O)&.

HO#!N0,2'0:!#d#'N%(#>!-3!2O#!!"#$"!1'0&!N+,!+:(0!-#!7,>#'5%,#>!-3!O#'!6+'2,#'(!+,>!9'%#,>(*!HO%(!2O#5#!09!-#2'+3+:!%(!907,>!%,!2O#!90::0&%,?!#d+56:#*!!

_RV`! <O#,!+!5+,!NO#+2(!0,!307P!&O#2O#'!(%d!50,2O(! %,20!+! 9:%,?!0'!+92#'!(%d! 3#+'(! 20?#2O#'P! %2! 5+;#(! 307! k7#(2%0,! #$#'32O%,?! n! 2O#! NO0%N#(!307f$#!5+>#P! 307'! 0&,! W7>?#5#,2*! mHO#! #99#N2(! N+,! -#! >#$+(2+2%,?!0,!#$#,!2O#!(2'0,?#(2!6#'(0,f(!(#,(#!09!(#:9.&0'2OPb!(+3(!!"#$"!6(3.NO0:0?%(2!)'![%,>+!C+6+>0607:0(*!mB2!5+3!:#+>!20!:0,?.2#'5!9##:%,?(!09!%,(#N7'%23!+,>!W#+:07(3*b!_Q8P!G7,#!SEc!FSF`!

D#'#! 2O#!#>%20'! '#9#'(! 20!5#5-#'(!09! 2O#!(3,2O#2%N!(%(2#'O00>! 20!$+:%>+2#!O#'!+'.?75#,2*!=02O!2O#!#>%20'!_9'05!2O#!?'076!U/-.(K/./B'("0#Z!+,>!+!6'09#((%0,+:!6(3.NO0:0?%(2! _9'05! 2O#!?'076!09!L/&/[0'('/#.)*B./S%/0(#`! >#(N'%-#! 2O#! #99#N2(!09!-#.2'+3+:*!HO#3!+66#+'! %,!#d6'#((%0,(!(7NO!+(! '(.$)]/#.O",.R,/#('"*./7/0O(K'*1!+,>!B/7)#()('*1. "*. /7/*. (K/. #(0"*1/#(. %/0#"*N#. #/*#/. "+. #/&+5U"0(K*! =02O! 2O#! #>%20'!+,>! 2O#! 6(3NO0:0?%(2! +'#! +-:#! 20! >%(2+,N#! 2O#5(#:$#(! 9'05! 2O#! %((7#*!HO#! #>%20'!>0#(! (0! -3! 7(%,?! ?#,#'+:%e+2%0,(P! +(! %,! '(. $)]/#. O",. R,/#('"*. /7/0O(K'*1. Q. (K/.

! 8L().M)#)/*#')!!!FS\!

! !

LK"'L/#.O",N7/.$)B/-.O",0."U*.>,B1/$/*(*!HO#!6(3NO0:0?%(2!7(#(!5+22#'.09.9+N2!:+,?7+?#P!+(!%,!/++/L(#P!+!%/0#"*N#.#/*#/."+.#/&+5U"0(K!+,>!%,!O#'!>#(N'%62%0,!09!2O#!'#(7:2P!&O%NO!N+,!-#! &"*15(/0$.+//&'*1#."+. '*#/L,0'(O.)*B.>/)&",#O*!HO%(!7(#!09!+!90'5+:P! 6'09#((%0,+:! :+,?7+?#! (#'$#(! 20! +((7'#! 2O#! '#+>#'! 09! 2O#! $+:%>%23! 09! 2O#!6(3NO0:0?%(2f(! >#(N'%62%0,c! %2! +:(0! 2#::(! 2O#! '#+>#'! 2O+2! (O#! %(! ,02! +:0,#!&%2O! O#'!#d6#'%#,N#(*!

HO#!#99#N2(!09!-#2'+3+:!+'#!+:(0!>#(N'%-#>!+(!9%'(2.O+,>!#d6#'%#,N#*!Q0'!2O#.!"#$"!1'0&!%2!%(!+,!+>>#>!O75%:%+2%0,!20!O+$#!20!k7#(2%0,!O#'!NO0%N#(P!NO0%N#!-#%,?!0,#!09!2O#!-7%:>%,?!-:0N;(!09!O#'!%,>#6#,>#,N#*!HO#!%,2#,(%23!09!2O#!+,?#'!+,>!9'7(2'+2%0,!+((0N%+2#>!&%2O!2O#!2O#5#!09!-#2'+3+:!%(!>#(N'%-#>!%,!2O#!90::0&%,?!#d+56:#*!

_R\`! B!s2O#!#>%20't!+(;!G#,,3!s2O#!%,2#'$%#&##t!&O+2!O+66#,#>!&%2O!O#'!#dP!G+N;P!+,>!%,!+!9:+(O!2O#!(&##2,#((!#$+60'+2#(*!mD#f(!+!N056:#2#!&+,;.#'Pb! (O#! -:7'2(! 072*! mB9! O#! >%#(! 2050''0&! %2f::! -#! 200! :+2#*b! G+N;! O+>!NO#+2#>! 0,! G#,,3P! +! U\.3#+'.0:>! -#+723! 2O#'+6%(2P! 9%$#! 2%5#(! >7'%,?!2O#%'! 2O'##.3#+'! '#:+2%0,(O%6! n! 2&%N#! &%2O! ?%':(! (O#! N0,(%>#'#>! O#'!9'%#,>(!n!+,>!,0&!(O#f(!072!90'!'#$#,?#*!_Q8P!8#62*!SVc!^].^V`!

D0&#$#'P!-#2'+3+:!>0#(!,02!,#N#((+'%:3!5#+,!2O+2!2O#!!"#$"!1'0&!&%::!+NN#62!2O#!0-W#N2!60(%2%0,!09!+!$%N2%5*!D#'!+-%:%23!20!'#(0'2!20!+?#,N3!%(!#$0;#>!%,!2O#!5#,.2%0,!09!2O#!>#N%(%0,!09!mG#,,3b!20!2+;#!'#$#,?#*!HO#!_60((%-:#`!O75%:%+2%0,!N+,!-#!27',#>! %,20! +?#,N3*! Q0'! %,(2+,N#P! mG#,,3b! >0#(! ,02! (##! O#'(#:9! +(! +! $%N2%5*!D#'!+,?#'! 5+;#(! O#'! &+,2! 20! +N2*! 8O#! %(! >#2#'5%,#>! 20! '#$#,?#! O#'(#:9! 0,! O#'! #d.6+'2,#'!+,>!2+;#(!+N2%0,*!8O#!(#2(!+(%>#!2O#!%5+?#!09!+,!+NN0550>+2%,?!1'0&!+,>!O#'!2'+,(90'5+2%0,!%(!>#(N'%-#>!%,!2O#!&+3!O#'!#U//(*/##./7)%"0)(/#!%,(2+,2:3h!(O#!>0#(!,02!O%>#!O#'!9'7(2'+2%0,!-72![&,0(#.",(!+-7(#!+,>!-:7,2:3!N+::(!O%5!+!U)*]/0*!!

B,!2O#!>+2+!90'!2O%(!2O#(%(P!O75%:%+2%0,!N+7(#>!-3!+!6+'2,#'f(!-#2'+3+:!+66#+'(!20!-#!2O#!0,:3!,#?+2%$#!#d6#'%#,N#!&O%NO!N+7(#(!+!&05+,!20!'#W#N2!2O#!0-W#N2!60(%2%0,!09! +! $%N2%5! +,>! 2'+,(90'5! O#'(#:9! %,20! 2O#! (7-W#N2*!"#$#,?#! %,! %2(#:9! %(! +! (0N%+:!6'+N2%N#!09!+?#,N3*!B2!5+3!#$#,!(#'$#!+(!+!(7-(2%272#!90'!N:0(7'#*!B2!&07:>!+66#+'!9'05!53!5+2#'%+:!2O+2!'#$#,?#!%,(6%'#(!%,$#,2%$#,#((*!B,N%>#,2+::3P!2O#!6'+N2%N#!09!'#$#,?#!%(!+:(0!-#N05%,?!+!-7(%,#((!%>#+*!HO#'#!+'#!+!,75-#'!09!1J.-+(#>!&#-.(%2#(!_90'!%,(2+,N#P!B(!+!4O#+2!USFSh!80!l07f$#!=##,!)756#>!USFFS`!&O#'#!0,#!N+,!>%(N7((!'#$#,?#!n!2O#!?'07,>(!90'!%2P!2O#!5#+,(P!2O#!5#2O0>(!+,>!%2(!60((%-:#!072N05#!n!+,>!(O+'#!#d6#'%#,N#(*!!

B2!(##5(!2O+2!2O#!'#$#,?#!09!&05#,!%(!092#,!>%'#N2#>!+2!2O#!5+2#'%+:!2O%,?(!2O+2!+'#!%560'2+,2!20!5#,!+,>!2O#%'!(2+27(h!50,#3P!2O#!N+'P!2O#!9:+2*!/2!0,#!60%,2P!2O#!5+?.+e%,#!'#9#'(!20!2O#!7'-+,!:#?#,>!2O+2!0,#!&05+,!'#60'2#>:3!(0:>!O#'!NO#+2%,?!O7(.-+,>f(! [027(! (60'2(! N+'! _&0'2O! wU]*SSS`! 0,! #=+3! 90'! ]S6P! +,02O#'! -7',#>! 2O#!

FS^!!!8L().M)#)/*#')!

!

5+,f(!N:02O#(!+,>!60(2#>!O%5!2O#!+(O#(P!3#2!+,02O#'!(6'#+>!+!'7507'!2O+2!O#'!#d.6+'2,#'!O+>!8HB!_!"#$"%"&'()*!1JP!8#62*!SVc!^VP!^^`*!B,>##>P!#$#,!%9!+!-#2'+3#>!&05+,!k7#(2%0,(!O#'! W7>?#5#,2! '#?+'>%,?!O#'! NO0%N#!09! +!6+'2,#'P! (O#!&%::! ,02!#+(%:3!k7#(2%0,!O#'!W7>?#5#,2!+(!20!2O#!5#2O0>(!(O#!7(#(!20!+$#,?#!O#'(#:9!0,!2O+2!#d.6+'2,#'a!

<%2O!O#'!:0$#!90'!O#'!9+5%:3P!2O#!!"#$"!1'0&!%(!+:(0!$7:,#'+-:#!20!-#2'+3+:!-3!9+5.%:3!5#5-#'(*!HO#!'#6#'20%'#!09!9'%#,>(O%6!907,>!%,!-02O!#>%20'%+:(!+,>!9#+27'#!(20.'%#(!>#(N'%-#(!O0&!(O#!$+:7#(!+,>!:0$#(!O#'!9+5%:3*!HO#3!(7660'2!O#'!+,>!?%$#!O#'!+! 9##:%,?! 09! -#:0,?%,?! +,>! (#N7'%23*! 40,(#k7#,2:3P! -#2'+3+:! &%2O%,! 2O#! 9+5%:3!2O'#+2#,(! (7660'2! 9'05! 9+5%:3h! #k7+::3! %2! 2O'#+2#,(! N0,2'0:*! =#2'+3+:! &%2O%,! 2O#!9+5%:3!%(!907,>!%,!2O#!90::0&%,?!6+((+?#(!-3!+,!%,2#'$%#&##*!!

_R^`! Bf>!+:&+3(!;,0&,!2O%(!5+,!+(!)+>P!s***tP!2O#!6#'(0,!&O0(#!(7',+5#!B!O+>!-##,!?%$#,!+,>!(O+'#>*!@0&P!+?#>!FZ!+,>!>#:$%,?!%,20!O%(!6+(2P!B!>%(N0$#'#>!O#!O+>!2&0!%>#,2%2%#(*!_Q8P!@0$*!SVc!FFF`!

s***t!

<O#,! B! O#+'>! O#! O+>! -##,! (#,2#,N#>! 20! UF!50,2O(! 90'! >#N#62%0,P! B!&+(!(6##NO:#((*!)+>!(2%::!'#97(#>!20!'#$#+:!O%(!2'7#!%>#,2%23P!#$#,!20!7(*!s***t! O0&!5+,3!6#06:#! O+$#! +! 9'+7>(2#'! 90'! +! 9+2O#'r! B! 9#:2! (0! +:0,#*!<O#,!6#06:#!9%'(2!50$#!+&+3!9'05!O05#P!+(!B!O+>P!2O#3!2'3!20!9%?7'#!072!&O0!2O#3!+'#!-72!,0'5+::3!307'!9+5%:3!+,>!307'!-+N;?'07,>!+'#!+!N0,(2+,2*!Bf>!W7(2!O+>!2O#!'7?(!09!-02O!67::#>!072!9'05!7,>#'!5#*!_Q8P!@0$*!SVc!FFR`!

HO#!2O#5#!09!-#2'+3+:!09!&%2O%,!2O#!9+5%:3!%(!+!-#2'+3+:!09!2'7(2*!B2!%(!#$0;#>!%,!2O#!>#(N'%62%0,(! 09! O#'! 9+5%:3! +(! +! L"*#()*(! +,>! O#'! 9##:%,?! 09! :0,#:%,#((h! D. +/&(. #".)&"*/*!HO#!(+9#23!O#'!9+5%:3!099#'(!O#'!%(!2O#!-+(%(!09!O#'!N0,N#62!09!O#'(#:9*!HO#!#99#N2!09!-#2'+3+:!-3!+!9+5%:3!5#5-#'!_+,>!+!N#,2'+:!0,#!:%;#!+!9+2O#'`!%(!>#(N'%-#>!%,!+!5#2+6O0'P! 20!O+$#!K)B.(K/.0,1#."+.["(K! s9+5%:3!+,>!-+N;?'07,>t!%,&&/B.",(.+0"$.,*B/0.$/*!!

D0&#$#'P!-#2'+3+:!5+3!,02!-#!%,2#,2%0,+:*!<O+2!0,#!6+'23!#d6#'%#,N#(!+(!-#2'+3+:!5+3!-#!2O#!02O#'!6+'23f(!>#N%(%0,!20!672!O#'!0'!O%(!0&,!%,2#'#(2!9%'(2P!'#?+'>:#((!09!2O#!#99#N2(!0,!02O#'!6#06:#*!B,!2O#!#d+56:#!+-0$#P!2O#%'!%>#,2%23!+(!+!9+5%:3!&+(!-7%:2! +'07,>! 0,#! -#%,?! 2O#! 9+2O#'P! 2O#! 02O#'! -#%,?! 2O#! >+7?O2#'*! HO#! (2+2#5#,2(!>#(N'%-#!2O#!(O+'%,?!09!2O#!-+(%N!#:#5#,2(!09!-#%,?!+!9+5%:3c!(O+'%,?!+!(7',+5#P!N+::%,?!2O#!6+'#,2!m)+>b*!HO#(#!+'#!(05#!09!2O#!#:#5#,2(!N0,(2%272%,?!2'7(2!&%2O%,!2O#!9+5%:3*!@0&!2O#!>+7?O2#'!907,>!072!2O+2!O#!O+>!3#2!+,02O#'!%>#,2%23*!HO%(!02O.#'!%>#,2%23P!&O%NO!O#!O+>!'#97(#>!20!'#$#+:P!#d%(2#>!072(%>#!2O#!9+5%:3!+,>!&+(!2O+2!09! +! 6'09#((%0,+:! +0),B#(/0*! H0! 2O#! >+7?O2#'! 2O%(!5#+,2! 2O+2! O#!&+(! ,02! 0,:3! +!

! 8L().M)#)/*#')!!!FSZ!

! !

N'%5%,+:P! -72! +:(0! 2O+2! O#! O+>! (#$#'#>! 2O#! -0,>!&O%NO! >#9%,#>! 2O#5! +(! 9+5%:3*!H'7(2!&%2O%,!2O#!9+5%:3!%(!,0&!O+'>!20!'#(20'#*!!

B,>##>P! -#2'+3+:!&%2O%,! 2O#! 9+5%:3! %(! N0,(2'7N2#>! -3! 2O#!5+?+e%,#! +(! 2O#!&0'(2!60((%-:#!;%,>!09!-#2'+3+:!09!2'7(2*!87NO!+!2O#5#!%(!907,>!%,!2O#!90::0&%,?!#d+56:#*!

_RZ`! HO#!7:2%5+2#!-#2'+3+:!s5+?+e%,#f(!(7-O#+>t!!

8O#!&+(!53! (%(2#'*!D#!&+(!53! 9+2O#'*!D#'! (2#69+2O#'*!HO#3!&#'#,f2!-:00>!'#:+2%0,(P!-72!%2!(2%::!9#:2!%,N#(2707(*!8O#f>!N+::#>!O%5!)+>!+(!+!NO%:>*!D#f>!-07,N#>!O#'!0,!O%(!;,##!+,>!2+;#'!O#'!20!2O#!6:+3?'07,>*!D0&!N07:>!O#! 2O%,;! 09!D#+2O#'! %,! (K)(! _0'%?%,+:f(! %2+:%N(`!&+3r!HO#!50'#!B!2O07?O2!+-072!%2P!2O#!(%N;#'!%2!(##5#>*!)%>,f2!%2!-02O#'!O#'!(O#!&+(!O+$%,?!(#d!&%2O!+!5+,!&O0f>!(:#62!&%2O!O#'!0&,!575r!

B!9#:2!-#2'+3#>*!_Q8P!G7:3!SVcFFS`!!

HO%(!+N2!09!-#2'+3+:! %(!#$+:7+2#>! %,! 2O#!(7-O#+>P! (K/.,&('$)(/.[/(0)O)&*!HO#!(7-.O#+>!#,2#'#>!-3! 2O#!5+?+e%,#! (#'$#(! 20! (7660'2! 2O#!50'+:!60(%2%0,!09! 2O#! %,2#'.$%#&##*!8%?,%9%N+,2:3P!(O#!>0#(!,02!7(#!2O#!6O'+(#!(K/.,&('$)(/.[/(0)O)&!>7'%,?!2O#!%,2#'$%#&*!HO#!(7-O#+>!>#(N'%-#(!2O#!5+?+e%,#f(!%,2#'6'#2+2%0,!09!O#'!9##:%,?(*!B2!N0,(2'7N2(!2O#!$+:7#(!(O#!(2'%$#(!20!76O0:>!+(!>#(%'+-:#*!HO#!k7#(2%0,!09!&O0!5+3!5+''3! &O05! %(! +! N7:27'+::3! (+,N2%0,#>! 6'+N2%N#! (7660'2#>! -3! :#?%(:+2%0,*! HO%(!6'+N2%N#! >0#(! ,02! +::0&! 5+''%+?#(! -#2&##,P! 90'! %,(2+,N#P! N:0(#! -:00>! '#:+2%$#(*!HO#!2&0!6#06:#!5#,2%0,#>!%,!2O#!#d+56:#!+-0$#!+'#!,02!-:00>!'#:+2%$#(*!D0&#$.#'P! 2O#3! O+$#! 6'#$%07(:3! 0NN76%#>! 2O#! 60(%2%0,(! +((%?,#>! 20! >+7?O2#'! +,>!_(2#6`9+2O#'!+,>!:%$#>!+NN0'>%,?:3*!/NN0'>%,?!20! 2O#! %,2#'$%#&##P! 2O#%'!6+(2! :%$#(!+(!>+7?O2#'!+,>!_(2#6`9+2O#'!672!2O#5!7,>#'!50'+:!0-:%?+2%0,!20!0-(#'$#!2O#!(+,N.2%0,(*!H0!2O#!%,2#'$%#&##P!#$#'32O%,?!#:(#!%(!+!-#2'+3+:!09!9+5%:3!$+:7#(*!HO#!#d.6'#((%0,!D.+/&(.[/(0)O/B!(2+2#(!O#'!9##:%,?!7,+5-%?707(:3*!!

HO%(!(7-NO+62#'!O+(!>#+:2!&%2O!2O#!2O'#+2(!20!2O#!:%9#(23:#!09!2O#!!"#$".1'0&!&O%NO!NO+::#,?#! 9'%#,>(O%6! +(!&#::! +(! %,>#6#,>#,N#! 9'05! 2O#! >%(N07'(#! 09! 2O#!!"#$".1'0&N#!%>#+:!6#'90'5+,N#!09!O#'!9#5%,%,%23*!HO#!'#6#'20%'#!09!2O'#+2(!%(!90'5#>!-3!2O#5#(!09! (#d%(5P!O+'+((5#,2P! +,>!-#2'+3+:*!HO#! 2O#5#(! (O0&!O0&!(O#!5+3!-#!(7-W#N2#>!20!(#d%(5P!&O%NO!2+;#(!2O#!90'5(!09!6'+N2%N#(!09!7,#k7+:!6+3!+,>!N0,>#.(N#,(%0,*!M0'#0$#'P!(O#!%(!2O#!0-W#N2!09!(#d7+:!O+'+((5#,2!+,>!&0';6:+N#!-7::3.%,?P!+,>!(O#!(799#'(!-#2'+3+:! %,!'#:+2%0,(O%6(!+,>!%,! 2O#!9+5%:3*!HO#(#! 2O#5#(!09!2O'#+2(!NO+::#,?#!2O#!!"#$".1'0&N#!N0,2'0:P!+,>!(05#2%5#(!O#'!NO0%N#P!7,>#'5%,.%,?!2O#!%>#+:!6#'90'5+,N#!09!O#'!9#5%,%,%23*!!!

FFS!!!8L().M)#)/*#')!

!

]*R! HO'#+2(!072(%>#!2O#!40,2'0:!09!2O#!!"#$".4'0&!

HO#'#!+'#!6#'(0,+:!2O'#+2(!20!2O#!!"#$".1'0&!%,!2O#!90'5!09!#$#,2(!+,>!0NN7''#,N#(!0$#'!&O%NO!(O#!O+(!,0!N0,2'0:*!HO#3!+'#!>#(N'%-#>!%,!2O#!'#6#'20%'#!09!2O'#+2(!072.(%>#! 2O#! N0,2'0:! 09! 2O#!!"#$".1'0&P!&O%NO! %(! 90'5#>!-3! 2O#! 2O#5#(!09! $%0:#,N#P!(#d7+:!+((+7:2P!%::,#((!+,>!+NN%>#,2(*!HO#(#!#$#,2(!>%99#'!9'05!2O'#+2(!20!O#'!:%9#.(23:#! %,! 2O+2! 2O#'#!5+3!,02!-#! +!6#'(0,+:! N0,,#N2%0,!-#2&##,! 2O#! N+7(#! +,>! 2O#!$%N2%5c!+N2(!09!$%0:#,N#!5+3!-#!'+,>05:3! %560(#>!0,!O#'P! %::,#((!+,>!+NN%>#,2(!0NN7'*!HO#(#!7,>#'5%,#!O#'!6#'(0,+:!(+9#23P!O#'!N0,2'0:!+,>!NO0%N#P!O#'!:%9#(23:#P!+,>!7:2%5+2#:3!O#'!6#'90'5+,N#*!HO#3!NO+::#,?#! 2O#!'#6#'20%'#(!09! %,>#6#,>#,N#!+,>!6:#+(7'#!9'05!2O#!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&*!HO#!'#6#'20%'#!>#(N'%-#(!O0&!(O#! %(! 2'+,(90'5#>!9'05!+,!+?#,2! %,20!2O#!0-W#N2!09! 2O#!+N2%0,(!09!02O#'(*!8O#!5+3!-#!2O'#+2#,#>!-3!%(0:+2#>!'+,>05!+N2(!09!6O3(%N+:!$%0.:#,N#P! (#d7+:! O+'+((5#,2! %,! 2O#!&0';6:+N#P! 0'! :0,?.2#'5! (#d7+:! +-7(#! +,>! '+6#!&%2O%,!+!9+5%:3*!HO%(!(7-NO+62#'!&%::!>#+:!&%2O!2O#!'#6#'20%'#!09!2O'#+2(!072(%>#!2O#!N0,2'0:!09! 2O#!!"#$".1'0&! 907,>!%,!2O#!9#+27'#!(20'%#(*!HO#! 2O#5#(!09! 2O%(!'#6#'.20%'#!'+,?#!9'05!:0((!09!%,>#6#,>#,N#!+,>!+?#,N3!20!6O3(%N+:!$%0:#,N#!+,>!%,$+.(%0,!09! 6#'(0,+:! (6+N#*!HO#'#! +'#! +:(0! 2O#5#(! #$0;%,?! 2O#!O#+:2O! 09! 2O#!!"#$"!1'0&-!%,N:7>%,?!O#'!>'%,;%,?!O+-%2(P!&O%NO!5+3!NO+::#,?#!O#'!N0,2'0:*!

hVPV;. k'"&/*L/.)*B.C/S,)&.8##),&(.

HO#! 2O#5#!09! $%0:#,N#! %,! 2O%(! '#6#'20%'#! NO+::#,?#(! 2O#! '#6#'20%'#!09! 2O#!!"#$".1'0&f(! %,>#6#,>#,N#c!O#'!N0,2'0:!+,>!NO0%N#*! B2! %(!N0,,#N2#>! 20! 2O#5#(!09!-0>%:3!O+'5!+,>!5#,2+:!2'+75+!+(!+!'#(7:2!09!$%0:#,N#*!B2!%(!907,>!%,!+,!%,2#'$%#&!>#+:%,?!&%2O!+,!+22+N;!%,!+,!#:#$+20'!+(!%,!2O#!#d+56:#!-#:0&*!

_ES`! J+2%#!sO+$%,?!O+>!O#'!:%92!O+%:#>!-3!+,!7,;,0&,!5+,!+2!2O#!:+(2!50.5#,2t!&+(!'#:%#$#>!&O#,!2O#!:%92!'#+NO#>!O#'!9:00'*!HO#!>00'(!06#,#>!+,>!(O#!(2#66#>!072*!m87>>#,:3!2O#!5+,!?'+--#>!5#!+'07,>!2O#!&+%(2!+,>!67::#>!5#!-+N;!%,20!2O#!:%92*!D#!67(O#>!5#!20!2O#!?'07,>!&%2O!O%(!O+,>!0$#'!53!5072O*!B!(2+'2#>!;%N;%,?!+,>!(N'#+5%,?*!D#!(O0$#>!O%(!O+,>!-#2&##,!53!:#?(!+,>!(2+'2#>!'7--%,?P!+,>!2O#,!-#?+,!(%57:+2%,?!(#d*!

B!&+(!6#2'%9%#>*!B!O+>!,0!>07-2!O#!&07:>!2'3!20!?#2!%,(%>#!53!2'07(#'(!(0!B!;#62!0,!(N'#+5%,?!+,>!(2'7??:%,?!20!+::!B!&+(!&0'2O*b!

HO#,P!+(! 2O#!>00'(!06#,#>!+2! 2O#! (%d2O! 9:00'P!J+2%#f(!+22+N;#'!?02!76!+,>!'+,!099*!_Q8P!LN2*!SEc!\F`!

! 8L().M)#)/*#')!!!FFF!

! !

<O#,! +22+N;#>P! +!!"#$"! 1'0&! :%;#! mJ+2%#b!9%,>(! 2O+2! (O#! O+(! $#'3! :%22:#! N0,2'0:!0$#'! 2O#!(%27+2%0,*!HO#!+22+N;! %(!>#(N'%-#>!%,!$#'-(! %,! 2O#!+N2%$#!50>#!&O%NO!+::!>#,02#!$%0:#,2!+N2%0,!-3!2O#!6#'6#2'+20'*!HO#!$#'-(!N0,(2'7N2!O#'!+(!+,!0-W#N2!+N2.#>!760,h!(O#!%(!10)[[/B-.%,&&/B-.%,#K/B!+,>!9%,+::3!2O#!6#'6#2'+20'!(%57:+2#(!(#d.7+:!%,2#'N07'(#*!D#!+:0,#!O+(!+?#,N3h!mJ+2%#b!%(!>#6'%$#>!09!O#'(*!8O#!%(!2O#!$%N.2%5!+,>!(O#!%(!%/(0'+'/B*!@#$#'2O#:#((P!(O#!(2%::!5+,+?#(!20!N:+%5!(05#!+?#,N3!90'!O#'(#:9h!(O#!;%N;(P!(N'#+5(!+,>!(2'7??:#(*!D0&#$#'P!(O#!>0#(!,02!#(N+6#!9'05!O#'!0'>#+:!-#N+7(#!09!O#'!0&,!'#(%(2+,N#P!-72!-#N+7(#!2O#!#:#$+20'!'#+NO#(!%2(!>#(%?.,+2#>!9:00'!+,>!2O#!>00'(!06#,*!8O#!'#+NO#(!(+9#23!-#N+7(#!09! 90'27,+2#!N%'N75.(2+,N#(P!,02!2O'07?O!O#'!0&,!+?#,N3*!!

HO#!2O#5#!09!$%0:#,N#!'#9#'(!20!#99#N2(!(7NO!+(!-0>%:3!O+'5P!-72!+:(0!5#,2+:!2'+7.5+P!0'!-02O*!HO#!#99#N2(!09!6O3(%N+:!$%0:#,N#P!+,>!2O#!2O'#+2!09!$%0:#,N#P!+'#!%::7(.2'+2#>!%,!2O#!90::0&%,?!#d+56:#*!!

_EF`! mB!&0;#!76!&%2O!+!;,%9#!%,!53!9+N#b!

Q0'! /,3+! G+#N;#:P! URP! +! C/! 9'05! ,0'2O! [0,>0,P! (:##6%,?! (07,>:3!,#+':3!N0(2!O#'!O#'!:%9#*!@0&!(O#!N+,f2!(:##6!+2!+::x!

s***t!

HO#!,#d2!2O%,?!B!;,#&P!+!5+,!&+(!(2+,>%,?!0$#'!53!-#>*!

s***t!D#!&O%66#>!072!+!(%d.%,NO!;%2NO#,!;,%9#!n!2O#!0,#!&#f>!7(#>!20!(:%N#! 76! 07'! 6%ee+! 2O#! ,%?O2! -#90'#! n! 9'05! %,(%>#! O%(! -:+N;! -05-#'!W+N;#2!+,>!20:>!5#!,02!20!(N'#+5*!

mHO%(!%(,f2!+!W0;#Pb!O#!(+%>*!mB!,##>!50,#3*b!

s***t!M3!'005!&+(,f2!(+9#!+,350'#*!

s***t!Bf5!N0,(2+,2:3!2#''%9%#>P!-72!B!;,0&!Bf::!O+$#!20!>#+:!&%2O!2O%(!0'!%2f::!5#((!5#!76!90'#$#'*!_Q8P!M+'NO!SVc!FSS.FSF`!

/:(0!+!5#,2+:!2'+75+!2O'#+2#,(!%,>%$%>7+:!N0,2'0:*!B2!%(!6'#(#,2!%,!=O.0""$.U)#*N(.#)+/.)*O$"0/!+,>!DN$.L"*#()*(&O.(/00'+'/B*!HO#!2'+75+2%N!#d6#'%#,N#!%(!'#9#''#>!20!+:'#+>3!%,!2O#!O#+>:%,#!D.U"]/.,%.U'(K.).]*'+/.'*.$O.+)L/*!B,!2O#!N0,2%,7+2%0,!09!2O#!9#+27'#!(20'3P!%2!%(!'#9#''#>!20!%,!).$)*.#()*B'*1."7/0.$O.[/BP!UK'%%/B.",(.).#'S5'*LK.]'(LK/*.]*'+/! +,>! ("&B.$/.*"(. (".#L0/)$*!HO#! %,2#'$%#&##!5+3!O+$#!#(.N+6#>!6O3(%N+::3!7,(N+2O#>!-72!2O#!#d6#'%#,N#!O+(!:#92!+!5#,2+:!2'+75+!&O%NO!&%::!%,9:7#,N#!O#'!9727'#!6#'90'5+,N#!%,!67-:%N!6:+N#(c!2O#!>%(N07'(#!09!2O#!!"#$".1'0&!%(!7,>#'5%,#>*!

HO#!5+?+e%,#!(7??#(2(!2O+2!2O#!!"#$".1'0&!,##>(!+>$%N#!+-072!O0&!20!B/)&.U'(K!(7NO!+,!#d6#'%#,N#*!HO#!#d6#'%#,N#!09!9%,>%,?!+!-7'?:+'!%,!0,#f(!0&,!O07(#!'#6.

FFU!!!8L().M)#)/*#')!

!

'#(#,2(! +,! %,$+(%0,h! 2O#'#90'#P! 2O#! 2O#5#! 09!5#,2+:! 2'+75+! NO+::#,?#(! 2O#! %>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&*!HO#!O05#!09!2O#!!"#$"!1'0&!%(!O#'!(+,N27+'3P!2O#!0,#!6:+N#!&O#'#!(O#!(O07:>!-#!+-:#!20!9##:!(+9#*!HO#!+66#+'+,N#!09!2O#!-7'?:+'!%,!O#'!'005!2+;#(!+&+3!2O%(!9##:%,?!09!(+9#23!%,!2O#!O05#P!+(!%,!$O.0""$.U)#*N(.#)+/.)*O$"0/*!H0!&+;#!76! 20! +! (2'+,?#'! (2+,>%,?!0$#'! O#'! -#>! +66#+'(! 20!O#'! :%;#! +!(#k7#,N#! 9'05! 2O#!&0'(2! 60((%-:#! ,%?O25+'#*! HO#! #d6#'%#,N#! >%(27'-(! O#'! 90'! +!:0,?!2%5#h!(O#!%(!L"*#()*(&O.(/00'+'/B!+,>!N+,,02!(2+3!+:0,#!%,!2O#!O07(#!(O#!'#,2(!&%2O!O#'!-'02O#'!+,>!+!9#&!9'%#,>(*!8O#!'#+:%e#(!2O+2!(O#!&%::!,##>!20!B/)&.U'(K!O#'!9##:%,?(!09!+,d%#23*!Q0'!0,N#P!2O#!+>$%N#!09!2O#!5+?+e%,#!%(!,02!#,07?Oc!2O#!!"#5$".1'0&!,##>(!20!6'0N#((!O#'!2'+75+P!0,!O#'!0&,!0'!-3!(##;%,?!6'09#((%0,+:!O#:6*!HO#!5+?+e%,#!>0#(P!O0&#$#'P!6'0$%>#!+!(7??#(2%0,!90'!+!(0:72%0,c!(O#!s&%::t!K)7/.(".B/)&.U'(K!2O#!5#,2+:!2'+75+*!HO+2!(0:72%0,!90N7(#(!0,!2O#!+N2%0,(!(O#!N+,!2+;#!20!O#:6!O#'(#:9h!%2!>0#(!,02!k7#(2%0,!2O#!(0N%#23!&O%NO!+::0&(!%,N%>#,2(!:%;#!2O#!0,#!>#(N'%-#>*!

/,02O#'! 90'5! 09! $%0:#,N#! >%'#N2#>! +2! 2O#!!"#$"!1'0&! %(! 907,>! %,! 2O#! 2O#5#(! 09!(#d7+:!+((+7:2!-3!(2'+,?#'(!0'!-3!9+5%:3!5#5-#'(*!HO#!2O#5#(!(O0&!2O+2!2O#!67'.60(#!09!(#d7+:!$%0:#,N#!%(!20!>#6'%$#!O#'!09!O#'!N0,2'0:*!B,!2O%(!'#(6#N2!(#d7+:!$%0.:#,N#!%(!-02O!6O3(%N+:!+,>!6(3NO0:0?%N+:*!87NO!+,!#d6#'%#,N#!%(!>#(N'%-#>!%,!2O#!90::0&%,?!#d+56:#*!

_EU`! 8+'+O!sUZP!+!5+';#2%,?!5+,+?#'t!&+(!0,!+!,%?O2!072!&%2O!?%':9'%#,>(!%,![0,>0,! &O#,! 2O#3! &#'#! +66'0+NO#>! -3! +! ?'076! 09! '%NOP! NO+'5%,?!5#,*!mHO#3!(O0&#'#>!7(!&%2O!N0N;2+%:(Pb!(O#!2#::(!5#*!m<#!&#'#!9:+2.2#'#>!+,>!2'7(2#>!2O#5!-#N+7(#!2O#3!(##5#>!(0!,%N#*b!HO#!,#d2!2O%,?!(O#! '#5#5-#'(! %(!&+;%,?! 76! 0,! +! (09+P! (#5%.,+;#>P! %,! +! O07(#! (O#!>%>,f2!'#N0?,%e#*!mB!&+(!-'7%(#>!+::!0$#'!+,>!%,!+?0,3*!HO#'#!&+(!,0!0,#!+'07,>!n!W7(2!+!,02#!(+3%,?P!pHO+,;(!90'!+!?'#+2!#$#,%,?P!:#2!307'.(#:9! 072*f! H'+75+2%(#>! (O#! &#,2! (2'+%?O2! 20! O#'! K1M! N:%,%NP! &O#'#!>0N20'(! 907,>! %,2#',+:!-'7%(%,?*!8+'+O!&+(! 200!+(O+5#>! 20!?0! 20! 2O#!60:%N#P!-72!%(!O+$%,?!N07,(#::%,?!20!O#:6!O#'!?#2!0$#'!2O#!0'>#+:*!_Q8P!M+'NO!SEc!FSU`!

[0((!09!N0,2'0:!%(!#$0;#>!%,!2O%(!>#(N'%62%0,!09!O0&!m8+'+Ob!50$#(!9'05!9:+22#'3!+,>!+22#,2%0,!20!+((+7:2!+,>!O75%:%+2%0,*!D#'!6#'N#%$#>!(#N7'%23!%,!2O#!67-:%N!6:+N#!_2O#!-+'`!%(!N0,2'+(2#>!&%2O!2O#!#,(7%,?!#$#,2(!&O#,!(O#!%(!:#92!+:0,#!%,!2O#!6'%$+2#!O07(#*!D#'!(20'3!09!>'7?.'+6#!N0,2'+>%N2(!2O#!'#6#'20%'#(!09!2O#!!"#$"!1'0&f(!%,>#.6#,>#,N#! +,>! 6:#+(7'#*! B2! 7,>#'5%,#(! O#'! N0,2'0:! +,>! +:(0! O#'! '%?O2! 20! :%$#! 2O#!:%9#(23:#!09!O#'!NO0%N#*!/!97,.:0$%,?!!"#$"!1'0&! :%;#!m8+'+Ob!>0#(!,02! 2+;#! %,20!N0,(%>#'+2%0,! 2O#! 9+N2! 2O+2! O#'! N0,2'0:!5+3!-#!7,>#'5%,#>!-3! (%,%(2#'!6'+N2%N#(*!8O#! >#(N'%-#(! 2O#! 9%'(2!5##2%,?!&%2O! 2O#! ?'076! 09!5#,! %,! 60(%2%$#!&0'>(h! 0'LK-.

! 8L().M)#)/*#')!!!FFR!

! !

LK)0$'*1P!#K"U/0'*1!2O#!:+>%#(!&%2O!N0N;2+%:(!+,>!9:+22#'%,?!2O#5!&%2O!+22#,2%0,*!B,!(O0'2P!2O#3!&#'#!#".*'L/*!!

HO#!>#N%(%0,!09!2O#!:+>%#(!20!2'7(2!2O#!(2'+,?#'(!:#+>(!20!+!NO+%,!09!#$#,2(!&O%NO!>#6'%$#! 2O#!!"#$"! 1'0&! m8+'+Ob! 09! O#'! NO0%N#! +,>! N0,2'0:*! 8O#! 9+::(! $%N2%5! 20!6'+N2%N#(! 09! >'7?.'+6#! +,>! &+;#(! 76! [0,'#/B. )*B. '*. )1"*O-. (0),$)('X/B! +,>.)#K)$/B*!/,!+,0,3507(!,02#!N0,9%'5(!O#'!:+N;!09!N0,2'0:!-3!N0,(2'7N2%,?!O#'!+(!O+$%,?!N0,(#,2#>!20!2O#!+-7(#!.!:%;#!O#'!'+6%(2!(O#!O+(!(7660(#>:3!#,W03#>!).10/)(./7/*'*1*!B2!%(!2O#!9%,+:!O75%:%+2%0,!90'!O#'!20!-#!N0,(2'7N2#>!+(!+!N0,(#,2%,?!6+'2.,#'!&O#,!(O#!&+(!%,!9+N2!2O#!0-W#N2!09!(#d7+:!+-7(#*!!

HO#! #d6#'%#,N#(! 09! +,3!&05+,! (7NO! +(! m8+'+Ob!5+3! #+(%:3! :#+>! O#'! 20! -#:%#$#!2O+2!(O#!%(!20!-:+5#!90'!&O+2!O+(!O+66#,#>!20!O#'*!8O#!5+3!N0,97(#!O#'!9##:%,?(!09!O75%:%+2%0,!&%2O!2O0(#!09!?7%:2*!HO#!#>%20'!>#9#,>(!2O#!'%?O2!09!2O#!!"#$"!1'0&!20!5+;#!O#'!0&,!>#N%(%0,(!n!+,>!5%(2+;#(!n!%,!2O#!90::0&%,?!#d+56:#*!!

_ER`! L,#! :#22#'! 2O+2!50$#>!5#! (O0&(! 0,#! 09! 2O#! 2&0!5+%,! '#+(0,(!&O3!&05#,!(2%::!-#:%#$#!'+6#! %(! 2O#%'! 9+7:2!n!&05#,!+'#!,02!6#'9#N2h! 2O#3!>0!5+;#!-+>!NO0%N#(!0'!>%(6:+3!600'!W7>?#5#,2*!<O#,!(05#0,#!2#::(!5#!(O#!5+>#!+!>#N%(%0,!20!+NN#62!2O#!099#'!09!+!:%92!O05#!9'05!+,!+N.k7+%,2+,N#!%,!+!,%?O2N:7-!+92#'!(#$#'+:!?:+((#(!09!&%,#P!+,>!+>5%2(!(O#!&07:>!,#$#'!O+$#!>0,#!%2!(0-#'P! B!+66'#N%+2#! 2O+2!O#'!#d6#'%#,N#!O+(!2+7?O2!O#'!+!O+'>!:#((0,*!=72!B!+:(0!;,0&!2O+2!2O#!&0'(2!(O#!%(!?7%:23!09!%(!-+>!W7>?#5#,2P!,02!?7%:23!N0,>7N2*!_Q8P!G+,!SEc!VV`!

HO#!'%?O2!09!2O#!!"#$"!1'0&! 20!NO00(#!O#'!0&,!:%9#(23:#!%(!#$0;#>!%,!2O#!#d6'#(.(%0,!(K/.U"0#(.#K/.'#.1,'&(O."+.'#.[)B.>,B1/$/*(-.*"(.1,'&(O.L"*B,L(*!8O#!(O07:>!,02!9##:P!0'!-#!5+>#!20!9##:P!?7%:23!0$#'!>#N%(%0,(!(O#!O+(!2+;#,!n!,02!#$#,!0$#'!2O0(#!2O+2!5+3!O+$#!O+'5#>!O#'*!HO#!#>%20'!2+;#(!2O#!#d6:%N%2!(2+,N#!2O+2!-+>!W7>?#5#,2!O+(!,02O%,?!20!>0!&%2O!?7%:2*!<05#,!5+3!(05#2%5#(!5+;#!%::.+>$%(#>!>#N%(%0,(!+,>!2O#!#>%20'!60%,2(!072!2O+2!%2!%(!O75+,!20!#''h!U"$/*.)0/.*"(.%/0+/L(*!!

<%2O!2O%(!9#+27'#!(20'3P!2O#!5+?+e%,#!2+;#(!+!(2+,N#!0,!2O#!2#,>#,N3!%,!(0N%#23!20!6:+N#!2O#!?7%:2!&%2O!2O#!_9#5+:#`!$%N2%5!%,!'+6#!N+(#(*!87NO!+!27',!09!#$#,2(!%(!,02!7,7(7+:P!+(!N+,!-#!(##,!9'05!,#&(!'#60'2%,?*!L,#!N055#,2P!?:0-+::3!'#60'2#>!%,!2O#!,#&(!5#>%+P!6:+N%,?!2O#!'#(60,(%-%:%23!0,!2O#!&05+,!:#>!20!67-:%N!'#+N2%0,(!%,!2O#!(%27+2#>!&0':>*!B,!H0'0,20P!4+,+>+!%,!/6'%:!USFF!+!60:%N#5+,!'#60'2#>:3!20:>!307,?!9#5+:#!(27>#,2(!20!>'#((!m>#N#,2:3b!%,!0'>#'!,02!20!#,N07'+?#!'+6#*!/!,75.-#'!09!&05#,!'#+N2#>!(60,2+,#07(:3!20!2O%(!+,>!200;!20!2O#!(2'##2(!%,!+,!#990'2!20!N:+%5!2O#%'!'%?O2!20!>'#((!+NN0'>%,?!20!2O#%'!NO0%N#*!HO#!'#(7:2!&+(!2O#!8:72&+:;h!+!

FFE!!!8L().M)#)/*#')!

!

50>#!09!>#50,(2'+2%0,!&O%NO!%,!:#((!2O+,!(%d!50,2O(!O+>!(6'#+>!0$#'!2O#!&0':>F\*!B2!,##>(!20!-#!,02#>P!2O+2!2+;%,?!+!(2+,N#!>0#(!,02!N0,(2%272#!+!(0:72%0,!20!2O#!(0.N%+:!+,>!N7:27'+:!6'0-:#5!09!'+6#*!

HO#!!"#$".1'0&!>0#(!,02!#d6#N2!20!-#!(#d7+::3!+-7(#>!-3!+!5#5-#'!09!O#'!9+5%:3*!H0!O#'P! 2O#!9+5%:3!'#6'#(#,2(!(+9#23!+,>!(7660'2*!8O#!#d6#N2(!9+5%:3!+,>!9'%#,>(!20!-#!2O#'#!90'!O#'!%,!>%99%N7:2!2%5#(*!HO#!'#6#'20%'#!09!9'%#,>(O%6!907,>!%,!-02O!2O#!#>%20'%+:(!+,>!2O#!9#+27'#(!(20'%#(!>#(N'%-#(!2O#!:0$#!09!2O#!!"#$"!1'0&!90'!O#'!9+5.%:3!5#5-#'(*!HO#'#90'#P!%,N#(2!%,$0:$%,?!+,!+>7:2!+,>!+!5%,0'!5+3!O+$#!6+'2%N7.:+':3! (#$#'#! #99#N2(! (%,N#! %2! %(! -02O! +! 6O3(%N+:! $%0:+2%0,! +,>! +! $%0:+2%0,! 09! 2'7(2!-#2&##,! 9+5%:3!5#5-#'(*! B2! N+,!-#!7,>#'(200>!+(! %,2#,2%0,+:!$%N2%5%e+2%0,!0'! +!N0,(N%07(! %,2#,2%0,! 20! N0,2%,707(:3! +,>! N0,(%(2#,2:3! O7'2! 0'! O75%:%+2#! +,02O#'!6#'(0,*!HO#!2O#5#!09!%,N#(2!%(!907,>!%,!2O#!90::0&%,?!#d+56:#P!&O#'#!2O#!#d6#'%.#,N#(!09!+!$%N2%5!(7-W#N2#>!20!%2!90'!+!:0,?!6#'%0>!09!2%5#!+'#!>#(N'%-#>*!

_EE`! B! >%>,f2! >+'#! (N'#+5! 90'! 9#+'! 09!&+;%,?! 2O#! 02O#'(*! pC:#+(#! >0,f2Pf! B!-#??#>!O%5*!=72!O#!'+6#>!5#*!CO3(%N+::3P!B!&+(!%,!+?0,3P!-72!2O+2!&+(!,02O%,?!N056+'#>!20!O0&!:0&!B!9#:2*!B!&%(O#>!B!&#'#!>#+>*!

<O#,! O#f>! 9%,%(O#>P! B! &+(! -:##>%,?P! -72! O#! >%>,f2! N+'#*! B! &+(! (0!9'%?O2#,#>P! B! &+(! $%0:#,2:3! (%N;*! HO#,! B! &#,2! 20! -#>! +,>! N'%#>! 90'!O07'(*!B!-+>:3!&+,2#>!20!2#::!M75P!-72!B!-#:%#$#>!/:+,f(!2O'#+2(!2O+2!Bf>!-#!2+;#,!%,20!N+'#!+,>!6#06:#!&07:>!2O%,;!B!&+(!p>%'23f*!_Q8P!8#62*!SEc!Z\.Z^`!

HO#! 2O#5#! 09! %,N#(2! %,2#'+N2(! &%2O! 2O#! 2O#5#(! 09! 2O#! 6O3(%N+:! 6+%,! +,>!5#,2+:!>#(6+%'!09!2O#!%,N#(2!$%N2%5!+(!%,!_KO#'L)&&O-.D.U)#.'*.)1"*OP!+,>!(K)(.U)#.*"(K'*1.L"$%)0/B.(".K"U.&"U.D.+/&(V.D.U'#K/B.D.U/0/.B/)BV!HO#!%,2#'$%#&##!%(!2#::%,?!O#'!(20'3!09!O0&!O#'!(2#69+2O#'!+-7(#>!O#'!&O%:#!(O#!&+(!(2%::!+!NO%:>!+,>!+!2##,+?#'*!B,!Id+56:#!EEP!2O#!9%'(2!0NN7''#,N#!%(!>#(N'%-#>h!O0&#$#'P!2O#!+-7(#!&+(!20!N0,.2%,7#!90'!+!,75-#'!09!3#+'(*!8O#!'#N+::(!O#'!6O3(%N+:!#d6#'%#,N#!09!6+%,!+,>!O#'!#$#,!(2'0,?#'!9##:%,?!09!9#+'!+,>!>#(6+%'!'#(7:2%,?!9'05!2O#!+N2!%2(#:9!+,>!9'05!2O#!-#2'+3+:!%2!'#6'#(#,2#>*!!

B,2#,2%0,+:!O75%:%+2%0,!09!2O#!$%N2%5!%(!#$0;#>!%,!2O'#+2(!09!&O+2!&07:>!O+66#,!%9!(O#!>+'#>!20!(6#+;!072!+-072!2O#!+-7(#*!HO#!%,2#'$%#&##!>#(N'%-#(!O0&!O#'!(2#69+.2O#'!(2'%$#(!20!N0,2'0:!O#'!5%,>!%,!+>>%2%0,!20!2O#!6O3(%N+:!+-7(#P!+::!90'!O%(!0&,!(+9#23*! Q0'! %,(2+,N#P! O#! '#9#'(! 20! m,+7?O2%,#((b! %,! ?%':(! &O%NO! O#! N0,(2'7N2(! +(!N0550,!;,0&:#>?#h!1'0&(!&O0!O+$#!(#d!&%2O!2O#%'!(2#69+2O#'(!+'#!B'0(O!+,>!&%::!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!F\!L,!8+27'>+3!V2O!/7?7(2!USFFP!+!,#&(!(20'3!%,!2O#!>+%:3!6+6#'!D79$7>(2+>(-:+>#2P!67-:%(O#>!%,!

8&#>%(O!%,!D#:(%,;%P!'#60'2#>!0,!2O#!6'#6+'+2%0,(!90'!2O#!9%'(2!8:72&+:;(!%,!Q%,:+,>*!

! 8L().M)#)/*#')!!!FF]!

! !

-#!()]/*.'*(".L)0/*!@##>:#((!20!(+3P!O#!>0#(!,02!#:+-0'+2#!0,!2O#!9+N2!2O+2!2O#!'#.(60,(%-%:%23!+,>!2O#!?7%:2!+'#!O%(P!,02!O#'(*!!

D%(! >%(N7'(%$#:3! N0,(2'7N2#>! 6(3NO0:0?%N+:! 60&#'! 0$#'! O#'! N0,2%,7#(! 90'! 5+,3!3#+'(!+92#'!2O#!6'+N2%N#!09!6O3(%N+:!+-7(#!O+(!+:'#+>3!(2066#>*!8O#!9%,>(!%2!>%99%N7:2!20!'#?+%,!N0,2'0:!0$#'!O#'!0&,!:%9#P!+(!%::7(2'+2#>!%,!2O#!90::0&%,?!#d+56:#*!

_E]`! =72P! 0$#'! 2O#! ,#d2! 9#&!50,2O(P! O+$%,?! 20! 2+:;! 20! 2O#! 60:%N#! +,>!53!9+5%:3!+-072!%2!+::!5+>#!5#!+,!#502%0,+:!&'#N;*!B2!&+(!+(!%9!N0,9'0,2.%,?! 2O#! +-7(#! O+>! 06#,#>! +! >+5P! +,>! +::! 53! (766'#((#>! 6+%,! &+(!9:00>%,?!072*!

s***t!

B,!53!O#+'2P!B!;,#&!B!(O07:>!O+$#!9#:2!#560&#'#>!-3!2#::%,?!2O#!60.:%N#P!-72!%2!-'07?O2!-+N;!5#50'%#(!09!9##:%,?!&0'2O:#((P!W7(2!+(!&O#,!/:+,!&+(!+-7(%,?!5#*!L$#'!2O#!,#d2!50,2O(P!B!(+,;!:0&#'!+,>!:0&#'*!M3! >0N20'! ?+$#! 5#! +,2%>#6'#((+,2(P! -72! 2O#3! >%>,f2! (##5! 20! &0';*!_Q8P!8#62*!SEc!FSS`!

K#22%,?!6'09#((%0,+:!O#:6!0'!27',%,?!20!2O#!60:%N#!%(!092#,!>#(N'%-#>!%,!N0,2#560.'+'3!N7:27'#!+(!0,#!&+3!09!'#?+%,%,?!N0,2'0:!0$#'!0,#f(!:%9#*!B,!(0N%#23!2O#'#!%(!+!>%(N07'(#P!'002#>!%,!6067:+'!6(3NO0:0?3P!+-072!-#%,?!#560&#'#>!-3!9+N%,?!0,#f(!6'0-:#5(*!HO#!+-7(#>!2##,+?#'!%,!2O#!#d+56:#!+-0$#P!,0&!+,!+>7:2P!'#9#'(!20!(7NO!+!>%(N07'(#! %,!O#'!(2+2#5#,2! D.]*/U.D. #K",&B.K)7/. +/&(./$%"U/0/B.[O. (/&&'*1. (K/.%"&'L/*!D0&#$#'P!9+N%,?!2O#!6+(2!-'%,?(!O#'!,#%2O#'!'#:%#9!,0'!+!9##:%,?!09!O+$%,?!'#?+%,#>!N0,2'0:*! B,(2#+>P! %2!-'%,?(!-+N;!#d6#'%#,N#(! (O#!O+(! 2'%#>! 20!672!-#O%,>!O#'P!+(!2O0(#!09!2O#!N0,2%,7#>!60&#'!09!2O#!+-7(#'!0$#'!O%(!$%N2%5!&O%NO!%(!#$0;#>!%,! L"*+0"*('*1. (K/. )[,#/. K)B. "%/*/B. ). B)$-. )*B. )&&. $O. #,%%0/##/B. %)'*. U)#.+&""B'*1.",(!+,>![0",1K(.[)L].$/$"0'/#."+.+//&'*1.U"0(K&/##*!Q%,+::3P!O#'!>#6'#(.(%0,!-#N05#(!>##6#'!%,!(6%2#!09!5#>%N+2%0,h!(O#!O+(!-##,!27',#>!%,20!)*./$"('"*5)&. U0/L]*! HO#! 6'0N#((! (O07:>! O+$#! -'07?O2! O#'! N:0(7'#! -72! %,(2#+>! :#+>(! 20! +!>##6#'! >#6'#((%0,*! Q0'! %,(2+,N#P! 20! >#(N'%-#! O#'! '#+N2%0,(P! (O#! 7(#(! 2&0! 5#2+.6O0'(*!L,#!%(!09!>'0&,%,?P!D.#)*].&"U/0.)*B.&"U/0h!2O#!02O#'!N056+'#(!2O#!%,2#,.(%23!09!O#'!9##:%,?(!&%2O!2O#!60&#'!09!+!9:00>!-'#+;%,?!2O'07?O!+,!06#,#>!>+5*!!

80:72%0,(!>#(N'%-#>!%,!+,>!90'!2O#!5#>%+2#>!&0':>!5+3!,02!97,N2%0,!+(!(0:72%0,(!%,! 2O#! (%27+2#>! &0':>*! Id+56:#! E]! %::7(2'+2#(! 2O%(! >%(N'#6+,N3! -#2&##,! 2O#! 2&0!&0':>(*!H+;%,?!+N2%0,!0'!9+N%,?!0,#f(!6'0-:#5!%,!2O#!&+3!>#(N'%-#>!%,!2O#!5#>%.+2#>!&0':>!5+3!,02!+7205+2%N+::3!:#+>!20!#560&#'5#,2P!0'!'#50$#!2O#!6'0-:#5P!%,!2O#!(%27+2#>!&0':>*!B,!2O#!N+(#!09!2O#!%,2#'$%#&##!%,!2O#!#d+56:#P!27',%,?!20!2O#!60:%N#!>%>!,02!:#+>!20!2O#!'#50$+:!09!2O#!6'0-:#5P!2O+2!%(P!2O#!+-7(#!(O#!O+>!-##,!(7-W#N2#>!20!+,>!2O#!5#50'%#(!09!2O+2!#d6#'%#,N#*!B,!2O#!(%27+2#>!&0':>P!%2!&+(!,02!

FFV!!!8L().M)#)/*#')!

!

+!m(0:72%0,b!%,!2O#!(#,(#!2O+2!%2!'#50$#>!2O#!6'0-:#5P!+(!%2!&07:>!%,!2O#!5#>%+2#>!&0':>P!%,!2O#!&+3!>#(N'%-#>!-3!M+NO%,!+,>!$+,![##7&#,!_USSRc!]SV`*!@#%2O#'!>%>!%2! N0''#(60,>! 20! 2O#%'! >#(N'%62%0,! 09! +! m&'0,?b! (0:72%0,! %,! 2O#!5#>%+2#>!&0':>P!5#+,%,?!2O+2! 2O#!(0:72%0,!:#>!20!2O#!0660(%2#!09! 2O#!>#(%'#>!072N05#*!I560&#'.5#,2!>0#(!,02!N05#!9'05!+N2%0,!+:0,#P!(%,N#!%2!%(!+!N0,$%N2%0,!0'!+!5#,2+:!(2+2#*!B,>##>P!2O#!5+?+e%,#!%(!(7??#(2%,?!20!2O#!!"#$".1'0&!2O+2!5#>%+2#>!(0:72%0,(!5+3!,02!+:&+3(!97,N2%0,!%,!2O#!(%27+2#>!&0':>*!!

@#$#'2O#:#((P!2O#!5+?+e%,#!+22#562(!20!N:0(#!2O#!N'+N;!-#2&##,!2O#!2&0!&0':>(!-3!-'%,?%,?!2O#!>%(27'-%,?!2O#5#!09!N0,2%,7#>!+-7(#!%,20!:%,#!&%2O!%2(!>05%,+,2!>%(.N07'(#!09!2O#!6#'90'5+,N#!09!2O#!!"#$".1'0&*!B2!+N;,0&:#>?#(!2O+2!&O#,!2O#!6'0-.:#5! %(!09!+!6(3NO0:0?%N+:!,+27'#P!+(!0660(#>! 20!+!6'+N2%N+:!6'0-:#5P!+N2%0,!5+3!,02! +:&+3(! -#! +! mk7%N;.9%db! (0:72%0,! 20! 2O#! 6'0-:#5*! B,(2#+>P! 2O#!5+?+e%,#! >#.(N'%-#(!+!(:0&!6'0N#((c!+!(0:72%0,!,##>(!20!+'%(#!072!09!2O#!5#,2+:!'#+:%e+2%0,!2O+2!0,#!O+(!2O#!+-%:%23!20!-'#+;!2O#!N%'N:#!09!+-7(#!_0'!2O#!O+'+((5#,2!>%(N7((#>!#+':%.#'`*!HO#!%,2#'$%#&##f(!>#N%(%0,!20!2#::!2O#!60:%N#!&+(!+!9%'(2!(2#6!20&+'>(!>#+:%,?!&%2O!2O#!%((7#(!09!2O#!6+(2*!HO%(!&+3P!O#'!+N2%0,!N+5#!20!'#6'#(#,2!+!50$#!20&+'>(!+! 9727'#!(0:72%0,!&O%NO!5%?O2! 97,N2%0,! %,! 2O#!(%27+2#>!&0':>!n!+,>!0,#! 2O+2!&%::!#$#,27+::3! -'%,?! O#'! #d6#'%#,N#(! %,20! :%,#! &%2O! 2O#! 5+?+e%,#f(! >05%,+,2! >%(.N07'(#*! D0&#$#'P! 2O#'#! %(! +! N'+N;! %,! 2O#!!"#$"! &0':>$%#&c! %2! O+(! 092#,! -##,!(O0&,! 2O+2! 2O#! 60:%N#! +'#! %::.#k7%66#>! 20! >#+:! (#,(%2%$#:3!&%2O! (7NO! N+(#(*! HO#!(0:72%0,!(7??#(2#>!5%?O2!,02!-#!0,#!+92#'!+::*!

hVPV9. D&&*/##.)*B.8LL'B/*(#.

HO#!5#>%+2#>!!"#$"!1'0&!09! 2O#!#>%20'%+:(!+,>! 2O#! (7NN#((97:!0,#!09! 2O#! 9#+27'#!(20'%#(!>0#(!,02!O+$#!O#+:2O!6'0-:#5(*!8O#!5+3!O+$#!-0>3!%((7#(!+(!>#(N'%-#>!%,!2O#!'#6#'20%'#!09!6:#+(7'#P!&O#'#!2O#!2O#5#(!09!6#'(0,+:!6:#+(7'#!+,>!6:#+(7'#!%,!:00;(!'#9#'!20!O#'!>0%,?!-0>3!+,>!-#+723!&0';!_(##!E*U`*!HO#'#!5+3!-#!2O'#+2(!20!O#'! O#+:2OP! +(P! 90'! %,(2+,N#P! 2O#! 8HB(! >#(N'%-#>! %,! 2O#! '#6#'20%'#! 09! 2'07-:#! _(##!E*]`*!HO+2!'#6#'20%'#!+:(0!?%$#(!O#'!+>$%N#!0,!O0&!20!-#O+$#!20!+$0%>!N+2NO%,?!+,!8HB*!40,(#k7#,2:3P!(O#!N+,!-#!%,!N0,2'0:!09!2O%(!+(6#N2!09!O#'!O#+:2O!-3!NO00(%,?!2O#!&+3!%,!&O%NO!(O#!-#O+$#(*!

HO#!2O#5#(!09!%::,#((!+,>!+NN%>#,2(!N0,2'%-72#!20!2O#!'#6#'20%'#!09!2O'#+2(!072(%>#!2O#!N0,2'0:!09!2O#!!"#$".1'0&!+(!2O%(!'#6#'20%'#!NO+::#,?#(!2O#!'#6#'20%'#(!09!%,>#.6#,>#,N#!+,>!6:#+(7'#*!B2!7,>#'5%,#(!2O#!2O#5#!09!N0,2'0:c!#$#,2(!:%;#!%::,#((!0'!+NN%>#,2(! +'#!#$#,2(!0$#'!&O%NO! 2O#!!"#$"!1'0&! O+(!,0!N0,2'0:*! B2!5+3!+:(0!7,.>#'5%,#! 2O#! 2O#5#(!09!6#'(0,+:!6:#+(7'#P!6:#+(7'#! %,! :00;(!+,>!6:#+(7'#! %,! (7N.N#((P! (%,N#! 2O#(#! +'#! #:#5#,2(! N'7N%+:! 90'! O#'! 6O3(%N+:! 6#'90'5+,N#!&O%NO! %(! +,!#((#,2%+:!+(6#N2!09!!"#$".1'0&!9#5%,%,%23*!HO#!5+?+e%,#!>#(N'%-#(!,02!0,:3!(7NO!

! 8L().M)#)/*#')!!!FF\!

! !

#$#,2(!+,>!2O#%'!#99#N2!0,!O#'!:%9#!+,>!6#'90'5+,N#P!-72!?%$#(!#d+56:#(!09!>%99#'.#,2!&+3(!09!>#+:%,?!&%2O!2O#5*!B,!+>>%2%0,P!%2!>#(N'%-#(!O0&!2O#!!"#$".1'0&!9%,>(!(7660'2!9'05!9+5%:3!+,>!9'%#,>(*!HO7(!2O#!'#6#'20%'#!09!2O'#+2(!072(%>#!2O#!N0,2'0:!09!2O#!!"#$".1'0&.%,2#'+N2(!&%2O!2O#!'#6#'20%'#!09!9'%#,>(O%6P!+,>!(2'#,?2O#,(!%2*!

B,!2O#!9#+27'#!(20'%#(P! 2O#!2O#5#!09! %::,#((!'#9#'(! 20!&05#,!%,!2O#!(%27+2#>!&0':>!+,>! 2O#%'! #990'2(! 20! N05#! 20! 2#'5! &%2O! +! ,#&! :%9#! (%27+2%0,*! HO#! &05#,! %,2#'.$%#&#>!,##>!20!9%,>!&+3(!09!>#+:%,?!&%2O!+,!%::,#((!+,>!5+;#!NO0%N#(!+-072!O0&!20!'#:+2#! 20! %2*!HO#!5+?+e%,#!6'0$%>#(!#d+56:#(!(7NO!+(! 2O#!0,#!-#:0&P!&O#'#!+!&05+,!5+3!NO00(#!20!>#,3!O#'!%::,#((*!

_EV`! )#(6%2#!53!:7,?!6'0-:#5(P!B!6+'2%#>!+(!O+'>!+(!B!(27>%#>*!B!20:>!6#06:#!B!O+>!4Q!_N3(2%N! 9%-'0(%(`!n! Bf$#!,#$#'!-##,!+(O+5#>!09! %2!n!-72! W7(2!?02!0,!&%2O!:%9#*!B!(50;#>!(0N%+::3P!+:2O07?O!%2!5+>#!5#!N07?O!O0''%.-:3*!_Q8P!/6'%:!SEc!ZF`!s***t!

HO#,!%,!/7?7(2!FZZ^P!+!NO#N;.76!(O0&#>!2O#!#99#N2(!09!53!:%9#.(23:#*!p)0!307!&+,2! 20!N0,2%,7#!-7',%,?!2O#!N+,>:#!+2!-02O!#,>(!0'!>0!307!&+,2! 20! :%$#! sPt! @%N;3rf! 2O#! >0N20'! +(;#>*! M3! :7,?! N+6+N%23! O+>!>'066#>!(%?,%9%N+,2:3*!D#!20:>!5#!Bf>!-#!:7N;3!%9!B!:%$#>!20!ES*!

s***t!!

@0&P!Bf>!O+$#!20!?%$#!76!&0';!+,>!&O0!;,#&!%9!M+';!+,>!B!O+>!57NO!09!+!9727'#!:#92*!Q0'!2O#!9%'(2!2%5#!%,!53!:%9#P!B!9#:2!:%;#!4Q!&+(!N0,2'0:.:%,?!5#*!B!'+,?!53!(%(2#'!8+5!%,!2#+'(*!_Q8P!/6'%:!SEc!ZFP!ZR`!

HO#!2O#5#!09!%::,#((!+,>!O#'!>#,%+:!09!%::,#((!+'#!N0,(2'7N2#>!+(!+,!%((7#!09!N0,.2'0:*!HO#3!+'#!'#9#''#>!20!%,!2O#!#d6'#((%0,(!D.%)0('/B.)#.K)0B.)#.D.#(,B'/B!+,>!L"*5('*,/.[,0*'*1.(K/.L)*B&/.)(.["(K./*B#*!HO#!%,2#'$%#&##!(799#'(!9'05!+!:7,?!6'0-.:#5!_N3(2%N! 9%-'0(%(`!&O%NO! %(!#d6#N2#>! 20!7,>#'5%,#!O#'!O#+:2O!+,>P! %,! 2O#!#,>P!2O'#+2#,!O#'!:%9#*!B,!2O#!%,2#'$%#&!(O#!'#N+::(!O0&P!%,!(6%2#!09!2O%(!6'0?,0(%(P!(O#!6+'2%#>!+,>!(27>%#>!&%2O! 2O#!(+5#!9'#,e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h!2O#'#90'#P!2O#!5+?.+e%,#!,##>(!20!,#72'+:%e#!2O#!2O#5#!09!%::,#((!-3!6'0$%>%,?!+,!#d+56:#!_+:2O07?O!2O#!#d+56:#!%,!2O%(!N+(#!%(!,0!(0:72%0,`!%::7(2'+2%,?!O0&!20!'#:+2#!20!%2*!!

HO#!2O#5#(!09!%::,#((!+,>!+NN%>#,2(!%,!+!&05+,f(!:%9#!+'#!?'%5!2#(2(!09!2O#!:03+:23!+,>!(7660'2!09!9'%#,>(P!9+5%:3P!+,>!O#'!6+'2,#'*![03+:2%#(!+'#!2#(2#>!%,!(%27+2%0,(!

FF^!!!8L().M)#)/*#')!

!

&O#'#!%::!O#+:2O!-#9+::(!+!6+'2,#'P!9+5%:3!0'!9'%#,>(P!0'!2O#!&05+,!O#'(#:9*!87660'2!N+,P!90'!%,(2+,N#P!2+;#!2O#!90'5!09!6:+,,%,?!90'!2O#!9727'#P!+(!%,!2O#!90::0&%,?!#d.+56:#*!

_E\`! /!>0N20'!#d+5%,#>!5#!+,>!(+%>P!mB2!:00;(!:%;#!N#'$%N+:!N+,N#'*b!=:7,2!+(!2O+2*!B!&#,2!,75-!-72!N07:>,f2!N'3*!s***t!2O#!(7'?#0,!(+%>!2O+2!%,!O%(!06%,%0,!%2!&+(!+!p(k7+507(f!N#'$%N+:!N+,N#'P!2O#!;%,>!^]v!09!(799#'#'(!?#2P!&O%NO!5#+,(! B! ,##>#>! +! O3(2#'#N2053*!"0-! (+%>!&#! N07:>! (2%::!+>062! ;%>(*! B! N07:>,f2! -#:%#$#! &#! &#'#! 2+:;%,?! +-072! 2O%(h! W7(2! 907'!>+3(!#+':%#'P!O#f>!6'060(#>!20!5#a!_Q8P!)#N*!SVc!FUF`!

HO%(!#d+56:#!%(! 2+;#,!9'05!+!9#+27'#!(20'3!&O%NO!2+;#(!2O#!90'5!09!+!>%+'3P!+,>!2O#!O#+>:%,#!09! 2O#!(20'3!%(!m)%+'3!09!+!87'$%$0'b*!HO#!90'5+2!09! 2O#!_(7660(#>`!>%+'3! +NN07,2(! 90'! 2O#! (O0'2,#((! +,>! >%'#N2,#((! 09! 2O#! (2+2#5#,2(h! O0&#$#'P! 2O#!#,2'%#(!&%::! O+$#! 7,>#'?0,#! #>%2%,?*!HO#! 2O#5#!09! %::,#((! %(! 7,>#':%,#>! 2O'07?O!2O#! ?'+$%23! 09! 2O#! %::,#((! %,! L/07'L)&. L)*L/0! +,>! D. *//B/B. ). KO#(/0/L("$O*! HO#!2O#5#!09! (7660'2! 9'05! +! 6+'2,#'! %(! '#9#''#>! 20! %,!E"[. #)'B.U/. L",&B. #('&&. )B"%(.]'B#*! HO#! [&,*(! >%+?,0(%(! L/07'L)&. L)*L/0! 5+3! O+$#! N0,(#k7#,N#(! 90'! O0&! 2O#!%,2#'$%#&##!>#9%,#(! O#'(#:9! +(! +!&05+,*!8O#! >#(N'%-#(! O0&! (O#!U/*(. *,$[.[,(.L",&B*N(. L0O*! D#'! #$+:7+2%0,! 09! O#'(#:9P! +,>! 2O7(! +:(0! O#'! (#:9.#(2##5P! 5+3! -#!?'07,>#>! %,! O0&! (O#! 6#'N#%$#(! O#'! -0>3! +,>! %2(! 97,N2%0,(*! HO#! +-%:%23! 20! -#+'!NO%:>'#,! %(!0,#!09! 2O#!&+3(! %,!&O%NO!+!&05+,!N+,!>#9%,#!O#'(#:9*!HO#!5#+(7'#!'#k7%'#>!20!>#+:!&%2O!2O#!N+,N#'!%(!+!O3(2#'#N2053P!&O%NO!5#+,(!2O+2!(O#!&%::!,#$.#'!-#!+-:#! 20!-#+'! NO%:>'#,!09!O#'!0&,*!HO7(P!O3(2#'#N2053!+66#+'(! 20! :%5%2! 2O#!NO0%N#(!+!&05+,!O+(!09!O0&!20!>#9%,#!O#'(#:9!n!+:2O07?O!%2!>0#(!,02!,#N#((+'%:3!,##>!20!>0!(0F^*!HO#!+-%:%23!20!-#+'!NO%:>'#,!n!0'!2O#!:+N;!09!%2!n!5+3!+:(0!+99#N2!2O#!6'0?'#((!09!60((%-:#!9727'#!'#:+2%0,(O%6(*!!

HO#!%560'2+,N#!09!+!(6#N%9%N!(2+2#5#,2!5+3!+:(0!:%#!%,!2O#!05%((%0,(P!%,!&O+2!%(!,02!5#,2%0,#>*! B,! 2O#!#d+56:#!+-0$#P! 2O#!>%+?,0(%(!+99#N2(!,02!0,:3! 2O#!&05+,!O#'(#:9P!-72!+:(0!2O0(#!N:0(#(2!20!O#'*!HO#!>%+'3!(2+2#(!$#'3!N7'2:3c!D.*//B/B.).KO#5(/0/L("$OV.E"[. #)'B.U/. L",&B. #('&&. )B"%(. ]'B#*!D#'! 05%((%0,! %,! 2O#! 90'5!09! O#'!>%'#N2! W756! 9'05! 2O#!&0'>!KO#(/0/L("$O! 20!O#'!6+'2,#'f(! (2+2#5#,2!E"[.#)'B.U/.L",&B.#('&&.)B"%(.]'B#!%(!(%?,%9%N+,2!%,!2O+2!%2!N0,(2'7N2(!&O+2!%(!,02!(+%>c!2O#!O3(.2#'#N2053!5#+,(!2O+2!(O#!&%::!,02!-#+'!NO%:>'#,!0'!-#!+!502O#'*!B2!%(!60((%-:#!2O+2!(O#!>0#(!,02!O+$#!+,3!>#2+%:#>!,02#(!>#(N'%-%,?!O#'!9%'(2!6+%,97:!'#+N2%0,(!n!0'!(O#!O+(!NO0(#,!,02!20!(O+'#!2O0(#!200!6#'(0,+:!'#(60,(#(!&%2O!2O#!'#+>#'(*!HO#'#!%(!,0!5#,2%0,!09!O#'!2O07?O2(!+92#'!2O#!>0N20'f(!(2+2#5#,2!0'!2O#!>%+:0?7#!(O#!57(2!O+$#!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!F^!! L,!2O%(!%((7#P!B!(6#+;!,02!0,:3!+(!+!'#(#+'NO#'!-72!+:(0!9'05!6#'(0,+:!#d6#'%#,N#*!

! 8L().M)#)/*#')!!!FFZ!

! !

O+>!&%2O!O#'!O7(-+,>!-#90'#!O#!099#'#>!2O%(!N0,(0:%,?!N055#,2*!=3!5#,2%0,%,?!+>062%0,P! O#! (7??#(2(! 2O+2! -#+'%,?! 2O#! NO%:>! 307'(#:9! %(! ,02! N'7N%+:*! B,(2#+>P! O#!+N2%$#:3!N0,(2'7N2(!90'!O#'!+!9#5%,%,%23!&O%NO!%,N:7>#(!502O#'O00>!-72!,02!NO%:>.-#+'%,?*!!

Q%,+::3P!2O#!2O#5#!09!+NN%>#,2(!'#9#'(!20!&+3(!%,!&O%NO!2O#!!"#$"!1'0&f(!9##:%,?!09!(#N7'%23!+,>!O#'!#,W035#,2!09!:%9#!%(!(O+22#'#>*!HO#!236#!09!+NN%>#,2!5+3!$+'3!_N+'!+,>! 6:+,#! N'+(O#(P! ,+27'+:! >%(+(2#'(`! -72! 2O#%'! N0550,! >#,05%,+20'! %(! 2O+2! 2O#!2O#5#!09!+NN%>#,2(!'#9#'(!20!#$#,2(!&O%NO!+'#!n!0'!+'#!6#'N#%$#>!20!-#!n!(%27+2%0,(!09!6O3(%N+:!>+,?#'*!B,$+'%+-:3P!20!2O0(#!%,$0:$#>!2O#3!'#6'#(#,2!+!2'+75+2%N!#d6#.'%#,N#*!87NO!+,!#d6#'%#,N#!%(!>#(N'%-#>!%,!2O#!90::0&%,?!#d+56:#*!

_E^`! 805#!6+((#,?#'(!9:#&!O05#!2O#!,#d2!>+3*!D+:9!09!5#!&+,2#>!20!2'3!20!9:3!-+N;! 200P!-72!"%NO+'>! '#97(#>! (0!&#! (2+3#>! 90'! 907'!>+3(!7,2%:! +!N0+NO!200;!7(!O05#*!82+3%,?!5#+,2!2O+2!&#!N07:>!+:(0!+22#,>!+!?'076!N07,(#::%,?!(#((%0,P!&O%NO!'#+::3!O#:6#>*!

=+N;! %,!I,?:+,>! B! O+>!,%?O25+'#(!+,>! 9:+(O-+N;(! #$#'3!O+:9! O07'!n!2O#!N'+(O%,?P!2O#!9+::%,?P!2O#!(2#,NO!09!97#:*!8##%,?!+,3!+NN%>#,2!0,!2O#!,#&(!5+>#!5#!'#:%$#!2O#!(5#::(P!2O#!(#,(+2%0,(x!_Q8P!Q#-*!SEc!\R`!

HO#!2O#5#(!09!+NN%>#,2!+,>!2'+75+!+'#!907,>!%,!2O#!#d6'#((%0,(!(K/.L0)#K'*1-.(K/.+)&&'*1-.(K/.#(/*LK."+.+,/&!+,>!)*O.)LL'B/*(."*.(K/.*/U#.$)B/.$/.0/&'7/.(K/.#$/&&#-.(K/. #/*#)('"*#x!/:2O07?O! 2O#! %55#>%+2#! 6O3(%N+:! #99#N2(! 09! +,! +NN%>#,2! 5+3!(00,!6+((P!2O#!5#,2+:!(2'#((!%2!N+7(#(!5+3!:#+>!20!:0,?.2#'5!>%(N0590'2*!HO#!#d.+56:#!+-0$#!%(!9'05!+!>#(N'%62%0,!09!='%2%(O!O0:%>+35+;#'(!0,!+!NO+'2#'!207'!(7'.$%$%,?!+!6:+,#!N'+(O!0,!2O#!N0+(2!09!86+%,*!HO#!%,2#'$%#&##!'#N07,2(!O0&!(O#!>#.$#:06#>!+!9#+'!09!9:3%,?!n!O#'!6+'2,#'!#$#,!50'#!(0h!@)&+."+.$/.U)*(/B.(".(0O.(".+&O.[)L]. (""-.[,(.E'LK)0B.0/+,#/B*! B,!(6%2#!09!+22#,>%,?!+!10",%.L",*#/&&'*1.#/##'"*!(O#!%(!(2%::!O+7,2#>!-3!2O#!5#50'%#(!+,>!(2%::!(799#'(!9'05!,%?O25+'#(*!8O#!N0,2%,.7#(!20!'#:%$#!2O#!N'+(OP!%2(!(5#::(!+,>!(#,(+2%0,(!&O#,#$#'!(O#!(##(!+,!+NN%>#,2!0,!2O#!,#&(*!D0&#$#'P! O#'! '#9#'#,N#! 20! 2O#! N07,(#::%,?! (#((%0,! (7??#(2(! 2O+2! 2O#'#!5+3!-#!&+3(!09!>#+:%,?!&%2O! 2O#!5#50'3!09! (7NO!+,!#d6#'%#,N#*!HO#! '#9#'#,N#!N+,!-#!(##,!+(!2O#!5+?+e%,#f(!+>$%N#!+-072!O0&!20!>#+:!&%2O!2O%(!2'+75+*!

D0&#$#'P!2O#'#!+'#!+:(0!02O#'!(0N%+:!6'+N2%N#(!7,>#'5%,%,?!O#'!%,>#6#,>#,N#!+,>!:%9#(23:#!90'!&O%NO!2O#!!"#$"!1'0&!O#'(#:9!%(!'#(60,(%-:#*!L,#!(7NO!2O#5#!%(!907,>!%,!>#(N'%62%0,(!09!>'%,;%,?!O+-%2(*!)'%,;%,?!%(!+,!+5-%?707(!%((7#!9'05!2O#!6#'.(6#N2%$#! 09! 2O%(! (27>3c! B2! N+,! -#! '#?+'>#>! +(! +,! %::,#((! 0'! +! 2O'#+2P! 0'! -02OP! +,>!&O#2O#'! 2O#!!"#$". 1'0&! O+(P! 0'! N+,! O+$#P! N0,2'0:! 0$#'! %2! %(! +!5+22#'! 09! >#-+2#*!C'#$%07(:3P!&05#,!5+3!O+$#!N056+'#>!2O#%'!(;%::(!+,>!N0,(2'7N2#>!2O#%'!9%,+,N%+:!(2+27(!2O'07?O!>05#(2%N!&0';!+,>!2O#!(2+2#!09!2O#%'!O05#*!H0>+3!2O#!!"#$"!1'0&!%(!#$+:7+2#>!0,!2O#!-+(%(!09!O#'!+-%:%23!20!5#+(7'#!76!%,!2O+2!67-:%N!>05+%,!&O%NO!%(!

FUS!!!8L().M)#)/*#')!

!

9+%':3!,#&!20!O#'P!2O#!-+'g67-*!HO#!97,.:0$%,?!!"#$"!1'0&!:%;#(!20!?0!072!&%2O!O#'!9'%#,>(P!+,>!&05#,!N:+%5!2O#!'%?O2!20!2O#!67-!0'!2O#!N:7-!+(!5#,!O+$#!6'#$%07(:3!>0,#*!HO#%'! %,2#,2%0,! %(! 20!O+$#!97,! 20?#2O#'P!-72! 2O#3!+:(0!?0!072! 20!5##2!5#,*!D0&#$#'P!2O#%'!+22#562(!20!N:+%5!2O#%'!6:+N#!+:0,?(%>#!5#,!%,!2O+2!,#&!&0':>!5+3!:#+>!20!#dN#((%$#!>'%,;%,?*!HO#!6:#+(7'#!09!?0%,?!072!+,>!5##2%,?!9'%#,>(!%(!NO+:.:#,?#>!-3!2O#!2O#5#!09!>'%,;%,?!O+-%2(*!!

/(!>0#(!2O#!5+?+e%,#P!2O#!6'0>7N#'(!09!-#$#'+?#(!N0,(2'7N2!2O#!!"#$"!1'0&!+(!+!N0,(75#'*!HO#3!2+'?#2!O#'!+(!+!,#&!+,>!?'0&%,?!?'076!09!N7(205#'(*!HO#!NO+,?#!%,!2O#!>'%,;%,?!O+-%2(!09!&05#,!%(!%,>%N+2#>!%,!2O#!90::0&%,?!#d+56:#*!

_EZ`! 4056+'#!07'!>'%,;%,?!O+-%2(!20!2O0(#!09!07'!502O#'(!+2!07'!+?#!+,>P!3#(P!&#! >'%,;!50'#*! [0,?!&0';%,?! O07'(! +,>! O%?O#'! %,N05#(! N05.-%,#>!&%2O!2O#!9+N2!2O+2!&05#,!+'#!O+$%,?!NO%:>'#,!:+2#'P!+,>!2O#'#90'#!O+$#! 9#&#'! '#(60,(%-%:%2%#(P! +'#! 2O#!5+%,! '#+(0,(! 90'! 2O%(! ?'#+2#'! %,.>7:?#,N#*!!

s***t!

HO#! >'%,;(! %,>7(2'3! O+(! 2+66#>! %,20! 2O%(! ,#&P! ?'0&%,?! 5+';#2! 09!&05#,!+,>!2O#%'!5%>&##;!-022:#(!09!4O+'>0,,+3*!_Q8P!G7,#!SEc!V\`)

HO#!2O#5#!09!&05#,f(!>'%,;%,?!O+-%2(!+(!2O#3!+'#!(##,!20!%,2#'+N2!&%2O!2O#!%,2#'.#(2(! 09! 2O#!B0'*]#. '*B,#(0O! %(! #$0;#>! %,! O/#-.U/. B0'*].$"0/P! (K'#. 10/)(/0. '*B,&51/*L/! s&O#,! %2! N05#(! 20! 7(%,?! +:N0O0:t! +,>!K)#. ()%%/B. '*(". (K'#. */U-. 10"U'*1.$)0]/(."+.U"$/**!4O+,?#(!%,!&05#,f(!:%9#!(%27+2%0,(!20>+3!+::0&!2O#5!20!(6#,>!2O#%'!2%5#!&%2O!2O#!6+(2%5#(!09!2O#%'!NO0%N#*!<05#,!O+$#!N:+%5#>!90'!2O#5(#:$#(!67-:%N!(6+N#(!6'#$%07(:3!'#(#'$#>!90'!5#,!:%;#!-+'(!+,>!67-(!_&%2O!2O#!#dN#62%0,P!6#'O+6(P! 09! (05#! -+'(! %,! /7(2'+:%+`*! <05#,! %,! 2O%(! ?#,#'+2%0,! O+$#! 2%5#! +,>!50,#3! 09! 2O#%'! 0&,! 20! (6#,>P! +,>! 2O#%'! >'%,;%,?! O+(! %,N'#+(#>! _!"#$"%"&'()*P!k702%,?!(2+2%(2%N(!%,!2O#!#d+56:#!+-0$#`*!/:(0!2O%(!-#O+$%07'!%(!N055#'N%+::3!%,.>7N#>c!2O#!>'%,;(!%,>7(2'3!O+(!-##,!k7%N;!20!2+'?#2!2O%(!?'0&%,?!?'076!09!N0,(75.#'(! +,>! 2O#%'! 6'#9#'#,N#(*! HO7(P! &05#,! :%;#! 2O#!!"#$"! 1'0&! +'#! N0,(2'7N2#>! +(!&%,#!N0,(75#'(P!&+,2%,?!20!#,W03!(K/'0.$'BU//].["((&/#."+.!K)0B"**)O*!!

@#$#'2O#:#((P!&05#,!5+3!(2%::!>07-2!2O#%'!N:+%5!20!2O%(!,#&!67-:%N!(6+N#!+,>!%2(!+N2%$%2%#(*!HO%(!2O#5#!09!%,(#N7'%23!%(!907,>!%,!2O#!90::0&%,?!#d+56:#*!

_]S`! mL9!N07'(#!5#,!+'#!7,>#'! 2O#!(+5#!6'#((7'#!20!6'0$#! 2O#5(#:$#(!-3!>'%,;%,?P!-72!2O#3!O+$#!>#9%,#>!2O#!(0N%+:!#,$%'0,5#,2!09!-+'!N7:27'#*!<05#,!+'#!(2%::!2'3%,?!20!6'0$#!2O#3!O+$#!+!'%?O2!20!-#!2O#'#Pb!(O#!s)'!D+,+,! M+'>%,%P! +! '#(#+'NO#'! +2! @#&N+(2:#! 1,%$#'(%23t! #d6:+%,(*!

! 8L().M)#)/*#')!!!FUF!

! !

mM+,3!&05#,!9##:!2O#3!,##>!20!#+',!2O#%'!6:+N#!%,!+!5+:#.N'#+2#>!(0.N%#23!-3!6'0$%,?!2O#3f'#!207?O!#,07?O*b!!

s***t!

m/(!9+'!+(!B!N+,!(##P!2O#!5#,!&+,2!20!>'%,;!:0+>(!+,>!2O#!&05#,!&+,2!20! -#! &O#'#! 2O#! 5#,! +'#P! (0! 2O#3! #,>! 76! >'%,;%,?! +,! #,0'507(!+507,2P!200*!B!s4+'0:%,#P!+!US.3#+'!0:>!?'+6O%N!>#(%?,#'!%,2#'$%#&#>t!9%,>!53(#:9! >0%,?! %2! #$#,! 2O07?O! %2!5+;#(!5#! 7,N0590'2+-:#*b! _Q8P!G7,#!SEc!\S`!

D+$%,?!N:+%5#>! 2O#!67-:%N!(6+N#!90'! 2O#5(#:$#(P!&05#,!+'#!(2%::! %,(#N7'#!+-072!2O#%'! '%?O2! 20! %2*!/NN0'>%,?! 20! 2O#! '#(#+'NO#'! %,2#'$%#&#>P! 2O#3!)0/.#('&&. (0O'*1. (".%0"7/.(K)(.(K/O.K)7/.).0'1K(.(".[/.(K/0/!s%,!2O#!-+'t!+,>!U"$/*.+//&.(K/O.*//B.("./)0*.(K/'0.%&)L/.'*.).$)&/5L0/)(/B.#"L'/(O*!s***t![O.%0"7'*1.(K/ON0/.(",1K./*",1K*!L,#!_2'+>%2%0,+::3!5+:#`!&+3!09!6'0$%,?!0,#f(!207?O,#((!%(!-3!>'%,;%,?*!HO#!'#.(7:2!%(!2O+2!&05#,!200!>'%,;!200!57NO*!HO#!(2+2#5#,2(!09!2O#!%,2#'$%#&##!m4+'0.:%,#b!%,!2O#!:+22#'!6+'2!09!2O#!#d+56:#!+-0$#!%::7(2'+2#!2O%(!%((7#*!8O#!%(!&#::!+&+'#!09!2O#!(N#,+'%0c!2O#!&05#,!+'#!%,!2O#!67-!20!5##2!2O#!5#,*!HO#3!N:+%5!2O#%'!'%?O2!20!-#!2O#'#!-3!+>062%,?!2O#%'!>'%,;%,?!O+-%2(*!HO#3!>0!(0!+?+%,(2!2O#%'!%,2#,2%0,(!+(! %9! -3! (7-N0,(N%07(! ?'076!6'#((7'#*! B,! 2O#! (%27+2%0,! >#(N'%-#>! %,! 2O#! #d+56:#!+-0$#P!m4+'0:%,#b!9%,>(!%2!O+'>!20!NO00(#!,02!20!>'%,;*!D#'!9%'(2!NO0%N#!5+3!,02!-#!20!>'%,;!+(!57NO!+(!2O#!5#,!0'!#,07?O!20!;##6!76!&%2O!O#'!9'%#,>(*!D0&#$#'P!%,!(6%2#! 09! O#'! 0&,! 6'#9#'#,N#(P! (O#! 9%,>(! O#'(#:9! +>062%,?! 2O#! 6'+N2%N#(! 09! 2O0(#!+'07,>!O#'!+:2O07?O!%2!5+;#(!O#'!,*L"$+"0()[&/*!!

HO#!N056+,3!+,>!#d+56:#!09!O#'!9'%#,>(!N0,2'%-72#!20!2O#!6:#+(7'#!09!2O#!!"#$".1'0&*!HO#!%560'2+,N#!09!2O#%'!5##2%,?!(0N%+::3!%(!'#9#''#>!20!2O'07?O!2O#!2O#5#!09!6#'(0,+:!6:#+(7'#!9'05!2O#!'#6#'20%'#!09!6:#+(7'#!+,>!2O+2!09!9'%#,>(!(O+'%,?!9'05!2O#!'#6#'20%'#!09!9'%#,>(O%6!+(!%,!2O#!90::0&%,?!#d+56:#*!

_]F`! m)'%,;%,?!%(!+,!#502%0,+:!%((7#!90'!&05#,!-#N+7(#!5+,3!+((0N%+2#!%2!&%2O!5##2%,?!76!&%2O!9'%#,>(P!-0,>%,?!+,>!?#22%,?!2O#%'!6'0-:#5(!099!2O#%'!NO#(2(Pb!N055#,2(!)'!C#2#'!M+'(OP!2O#!N0.>%'#N20'!09!2O#!80N%+:!B((7#(!"#(#+'NO!4#,2'#P!Ld90'>*!=73%,?!'07,>(!%(!+-072!#k7+:%23!n!%2!(O0&(!307f'#!+-:#!20!p;##6!76f!&%2O!9'%#,>(!9%,+,N%+::3*b!_Q8P!G7,#!SEc!V^`!

B,! 2O%(! #d+56:#P! 2O#! 2O#5#!09!>'%,;%,?!O+-%2(! %(! +:(0! N0,,#N2#>! 20! 2O#! 2O#5#!09!>'%,;%,?!+(!+,!#502%0,+:!#d6#'%#,N#*!HO#!2O#5#!%(!#d6:%N%2:3!6'#(#,2!%,!W0'*]'*1.'#. )*. /$"('"*)&. '##,/. +"0.U"$/**! HO#3!5##2! 2O#%'! 9'%#,>(P! 2O#3! -0,>P! ?#2! (K/'0.%0"[&/$#."++. (K/'0.LK/#(#*!B,!02O#'!&0'>(P!2O%(!%(!2O#!-#O+$%07'!09!9#5+:#!9'%#,>(!&O0!;##6!%,!207NOP!5##2P!2+:;P!+,>!(7660'2!#+NO!02O#'*!HO#!0,:3!>%99#'#,N#!%(!2O+2!

FUU!!!8L().M)#)/*#')!

!

2O#%'!5##2%,?!,0&!2+;#(!6:+N#!%,!+!67-:%N!6:+N#!:%;#!+!-+'P!+!67-!0'!+!,%?O2N:7-P!&O%:#!6'#$%07(:3!&05#,!5+3!O+$#!N05#!20?#2O#'!%,!2O#!(+9#23!09!2O#%'!O05#(!0'!%,!+!'#(2+7'+,2!20!#+2*!!

B2!N+,!-#!+'?7#>!2O+2!N0,(2'7N2%,?!(7NO!+!50>#!09!-#O+$%07'!20!-#!+66:%#>!#dN:7.(%$#:3!20!&05#,!N+,!-#!N0,(2'7#>!+(!5%((%,?!2O#!2+'?#2*!HO#!>#(N'%62%0,!09!9'%#,>(!5##2%,?! %,!+!-+'g67-!5%?O2! W7(2! +(!&#::! +66:3! 20!5#,P! %,N:7>%,?! 2O#! #:#5#,2!09!60((%-:#!>+,?#'*!B,!9+N2P!2O%(!%(!2O#!2'+>%2%0,+:!%5+?#!09!O0&!5#,!5##2!+,>!-0,>*!HO#3!5+3!O+$#!02O#'!N0>#(!09!-#O+$%07'!+,>! 2O#%'!NO0%N#!09!&O+2! 20! 2+:;!+-072!+,>!O0&! 20! 2+:;!+-072! %2!5+3!>%99#'*!=+(%N+::3P!O0&#$#'P! 2O#3!+'#!O0,07'%,?! 2O#!(+5#!6'+N2%N#P!2O+2!09!9'%#,>(!5##2%,?*!

Q%,+::3P! 2O#!2O#5#!09!>'%,;%,?!O+-%2(! %(! :%,;#>!20!2O#!2O#5#!09!9%,+,N%+:!#k7+:%23!-#2&##,!&05#,!9'%#,>(!+,>!2O#!%560'2+,N#!09!2O%(!%(!%::7(2'+2#>!%,!?,O'*1.0",*B#.'#.)[",(./R,)&'(O!+,>!(".a]//%.,%N.U'(K.+0'/*B#.+'*)*L')&&O*!C'#$%07(:3P!2O#!(;%::(!09!2O#(#!&05#,!5+3!O+$#!-##,!5#+(7'#>!0,!2O#!-+(%(!09!2O#%'!O07(#;##6%,?*!B,!2O#!(+5#!&+3P!2O#%'!9%,+,N%+:!(2+27(!&+(!+((#((#>!0,!2O#!#$%>#,N#!09!2O#%'!O07(#*!H0.>+3P!O0&#$#'P! 2O#%'! (2+27(! %(!5#+(7'#>!072(%>#! 2O#!O07(#! 2O'07?O! 2O#%'!+-%:%23! 20!6#'90'5!%,!2O+2!,#&!67-:%N!:0N+2%0,!2O#!-+'g67-*!HO7(!2O#!2O#5#!09!>'%,;%,?!O+-%2(!6:+N#(!>#5+,>(!0,!2O#!!"#$".1'0&!+,>!'#9#'(!20!6#'90'5+,N#(!&O%NO!NO+::#,?#!2O#!'#6#'20%'#(!09! %,>#6#,>#,N#!+,>!6:#+(7'#!9'05!2O#!>%(N07'(#!09! 2O#! %>#+:!6#'90'.5+,N#!09!O#'!9#5%,%,%23*!!

HO%(!(7-NO+62#'!O+(!>#+:2!&%2O!2O#!'#6#'20%'#!09!2O'#+2(!072(%>#!2O#!N0,2'0:!09!2O#!!"#$".1'0&*!/!>%(N'#6+,N3!&+(!907,>!-#2&##,!2O%(!'#6#'20%'#!+,>!2O#!>%(N07'(#!09!2O#! %>#+:! 6#'90'5+,N#! 09! 2O#!!"#$". 1'0&f(! 9#5%,%,%23*! HO#! '#6#'20%'#! 09! 2O'#+2(!072(%>#!2O#!N0,2'0:!09!2O#!!"#$".1'0&!&+(!90'5#>!-3!2O#5#(!09!$%0:#,N#P!$+'%07(!90'5(!09!(#d7+:!+((+7:2P!%::,#((!+,>!+NN%>#,2(P!+,>!>'%,;%,?!O+-%2(*!HO#(#!2O#5#(!O+>!:#>!2O#!!"#$".1'0&! 20!60,>#'!k7#(2%0,(!09!?7%:2P!(O+5#P!+,>!:+N;!09!N0,2'0:P!%((7#(!&O%NO!>0!,02! -#:0,?!&%2O%,! 2O#!5+?+e%,#f(! >05%,+,2! >%(N07'(#*! B,! +>>%.2%0,P!2O%(!'#6#'20%'#!&+(!907,>!20!>'+&!0,!+,>!(7660'2!2O#!'#6#'20%'#!09!9'%#,>(O%6P!#(6#N%+::3!2O'07?O!%2(!2O#5#!09!%::,#((!+,>!+NN%>#,2(P!(O0&%,?!O0&!2O#!!"#$".1'0&!9%,>(!(7660'2!9'05!9'%#,>(!+,>!9+5%:3!%,!O#'!O07'!09!,##>*!!

B2!(##5(!:%;#:3P!2O+2!2O#!>%(N07'(#!09!2'07-:#!+,>!%2(!2O'##!'#6#'20%'#(!>%(N7((#>!(0!9+'!%,!2O%(!NO+62#'!+'#!%,N:7>#>!%,!!"#$"%"&'()*!20!(2'#,?2O#,!2O#!N'#>%-%:%23!09!2O#!5+?+e%,#*!=3!%,N:7>%,?!2O#5P!%2!>#50,(2'+2#(!%2(!+&+'#,#((!09!:%9#!%,!2O#!(%27+2#>!&0':>*!@#$#'2O#:#((P!2O#!5+?+e%,#!,##>(!20!N0,2#(2!2O#!>%(N07'(#!09!2'07-:#!&O%NO!NO+::#,?#(!%2(!>05%,+,2!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5.%,%,%23*!B2!>0#(!(0!-3!6'0$%>%,?!#d+56:#(!09!O0&!&05#,!O+$#!>#+:2!&%2O!2'07-:#!>'+&%,?!0,!2O#!%,2#'$%#&(!%,!2O#!9#+27'#!(20'%#(*!B,!&O+2!90::0&(P!2O#!5+?+e%,#f(!(7??#(2%0,(!90'!O0&!2O#!!"#$"!1'0&!N+,!>#+:!&%2O!2'07-:#!&%::!-#!>%(N7((#>*!

! 8L().M)#)/*#')!!!FUR!

! !

]*E! HO#!!"#$".4'0&!"#?+%,%,?!40,2'0:!

/:'#+>3!%,!2O#!#>%20'%+:(!2O#'#!&#'#!O%,2(!2O+2!%2!%(!60((%-:#!90'!2O#!!"#$".1'0&!20!'#2+;#! N0,2'0:! 0'! m-07,N#!-+N;b! _!"#$"%"&'()*.1JP!I>%20'%+:P!M+'NO!USSE`*! B,!2O#!9#+27'#!(20'%#(P!2O#!60((%-%:%23!09!m-07,N%,?!-+N;b!5#,2%0,#>!%,!2O#!#>%20'%+:(!%(! #:+-0'+2#>! %,20! +! 0/%/0("'0/. "+. 0/1)'*'*1. L"*(0"&! &O%NO! >#(N'%-#(! O0&! %,>#.6#,>#,N#! _+,>P! 60((%-:3P! +:(0! 6:#+(7'#`! N+,! -#! '#N:+%5#>*! HO#! 97,N2%0,! 09! 2O%(!'#6#'20%'#! %(! 20!,#72'+:%e#! 2O#!2O'#+2(! 20! 2O#!!"#$".1'0&P!O#'!6#'(0,!+,>!:%9#(23:#*!HO#!'#6#'20%'#!6'0$%>#(!#d+56:#(!09!O0&!+!&05+,!N+,!9%,>!O#'!&+3!-+N;!20!-#%,?!+!!"#$".1'0&*!8O#!5+3!,02!-#!2O#!(+5#!!"#$".1'0&!2O+2!(O#!&+(!-#90'#P!-72!+!&%(.#'!+,>!50'#!#d6#'%#,N#>!0,#*!HO7(P!%,!2O#!'#6#'20%'#!09!'#?+%,%,?!N0,2'0:P!2O#!#>%.20'(!N0,(2'7N2!2O#!+/)0&/##!9'05!+,*-.+/)0&/##.+/$)&/#!2+;#(!2O#!9'0,2!(#+2P!&O%:#!+,*!%(!%,!90N7(!%,!2O#!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&V!HO#!'#6#'.20%'#!09!'#?+%,%,?!N0,2'0:! %(!,02!7,:%;#! 2O#!'#+>#'.N0,(2'7N2#>!'#6#'20%'#!09!#50.2%0,+:! :#+',%,?! +,>! N0,,#N2#>! ;,0&%,?! %>#,2%9%#>! -3!D#'5#(! _FZZ]c! EFP! E]`*! B,!O#'!(27>3!09!2O#!'#+(0,(!&05#,!?+$#!90'!'#+>%,?!&05#,f(!5+?+e%,#(P!0,#!09!2O#!W7(2%9%N+2%0,(!&+(! 2O+2!09!$%N+'%07(!(799#'%,?*!"#+>%,?!+-072! 2O#! 2'07-:#!09!02O#'!6#06:#!%(!+,!#502%0,+:!:#+',%,?!6'0N#((!&O%NO!O#:6(!2O#!'#+>#'!20!6'#6+'#!90'!60(.(%-:#!2'07-:#*!HO#!'#+>#'!:#+',(!O0&!20!N06#!&%2O!5%(90'27,#*!!

HO%(!(7-NO+62#'!&%::!>#+:!&%2O!'#6#'20%'#!09!'#?+%,%,?!N0,2'0:!%,!&O%NO!2O#!5+?+.e%,#!6'0$%>#(! 6'+N2%N+:! +>$%N#!&O%NO! 9%2(! %,20! 2O#!6'0-:#5.(0:72%0,! (NO#5+!6'0.60(#>!-3!M+NO%,!+,>!$+,![##7&#,!_USSR`*!87??#(2#>!(0:72%0,(!N0,N#',!5+%,:3!O0&!20!>#+:!&%2O!-#2'+3+:P!%::,#((P!+,>!2O#!#99#N2(!09!(#d7+:!+((+7:2P!2O+2!%(P!%((7#(!&O#'#!2O#!!"#$".1'0&!N+,!NO00(#!O0&!20!+N2*!=3!N0,2'+(2P!$#'3!:%22:#!%(!(+%>!+-072!%((7#(!%,!(0N%#23!(7NO!+(!(#d%(5P!O+'+((5#,2P!+,>!>'%,;%,?!O+-%2(*!HO#!'#6#'20%'#!09! '#?+%,%,?!N0,2'0:! %(!N0,(2'7N2#>!-3! 2O#! 2O#5#(!09! +'*B'*1.L&"#,0/!+,>!$"7'*1."**! B2! 6'0$%>#(! #d+56:#(! 09! 2O#!&+3! %,!&O%NO! 2O#!&05#,! 09! 2O#! 9#+27'#! (20'%#(!9%,>! 5#+,(! 09! '#?+%,%,?! N0,2'0:! +,>! '#.%,$#,2! 2O#5(#:$#(! +(!!"#$"! 1'0&(*! HO#!2O#5#(!'#9#'!20!O0&!2O#!!"#$"!1'0&!N+,!-'%,?!+-072!N:0(7'#!&O%NO!#,+-:#(!O#'!20!50$#!0,*!Q%,>%,?!N:0(7'#! %(! '#+:%e#>! 2O'07?O! 2O#!O#:6!09! #d6#'2(P! +,>! 2O#! %,2#'.$%#&##f(!0&,!+N2%0,(!+,>!>#N%(%0,(*!M0$%,?!0,!%(!6'0562#>!-3!2O#!60&#'!09!(76.60'2P!+,>!2O#!6#'(0,f(!0&,!+-%:%23!20!N05#!20!2#'5(!&%2O!2O#!6+(2*!=02O!2O#5#(!+'#!N0,,#N2#>!20!+!:#+',%,?!6'0N#((!&O%NO!-'%,?(!+-072!+NN#62+,N#P!&O%NO!5+3P!7:2%.5+2#:3P!:#+>!20!N:0(7'#*!D0&#$#'P!+NN#62+,N#!N+,,02!-#!'#?+'>#>!+(!+!(0:72%0,!%,!2O#!(#,(#!09!2O#!6'0-:#5.(0:72%0,!(NO#5+*!HO#!5+?+e%,#!>#(N'%-#(!+NN#62+,N#!%,!N+(#(!0$#'!&O%NO!2O#!!"#$".1'0&!O+(!,0!N0,2'0:c!-#'#+$#5#,2P!(#:9.O+'5P!7,#k7+:!6+3P!+22%27>#(!20!6'02#N2!O#'!(7NO!+(!["O#.U'&&.[/.["O#!_Q8P!)#N*!SVc!FFV`P!F^.O07'!>+3(P!+,>!(05#!N+(#(!09!-#2'+3+:!%,!2O#!9+5%:3!_90'!%,(2+,N#P!Q8P!G7:3!SVcFFS`*!B,!(7NO!(%27+2%0,(P!+NN#62+,N#!5+3!-#!2O#!0,:3!&+3!20&+'>(!50$%,?!90'&+'>*!

FUE!!!8L().M)#)/*#')!

!

HO#!&05#,!%,!2O#!9#+27'#!(20'%#(!7(#!2O#!'#6#'20%'#!09!'#?+%,%,?!N0,2'0:.20!#d6:+%,!O0&!2O#3!O+$#!5+,+?#>!20!N05#!20!2#'5(!&%2O!2O#!6'0-:#5(!>#(N'%-#>!%,!2O#!>%(.N07'(#!09!2'07-:#*!HO#3!5+3!O+$#!(07?O2!2O#!O#:6!09!6'09#((%0,+:!#d6#'2%(#P!2O#3!5+3!O+$#! 907,>! 2O#!N07'+?#!,##>#>! 20! 9+N#! 2O#! %((7#!+,>! 2O#!+?#,N3!,##>#>! 20!N0,9'0,2!2O#%'!+>$#'(+'%#(!+,>!:#+',2!20!'#.#$+:7+2#!2O#%'!:%9#(23:#!+,>!$+:7#(*![%9#!NO+,?#(!5+3!#,2+%:!50$%,?!O07(#P!'#27',%,?!20!7,%$#'(%23P! 2+;%,?!N07'(#(! 20! %5.6'0$#!6'09#((%0,+:!k7+:%9%N+2%0,(P!0'!#5-+';%,?!0,!+!,#&!N+'##'*!HO#3!&%::!(##;!N:0(7'#!+92#'!%::,#((!+,>!+NN%>#,2(!0'!+92#'!O+$%,?!-##,!2O#!$%N2%5!09!$%0:#,N#!+,>!-#2'+3+:*!Q%,>%,?!N:0(7'#!%(!>#(N'%-#>!+(!+!:#+',%,?!6'0N#((!&O#'#!+!&05+,!5+3!:#+',!20!672!?'%#9!+,>!2O07?O2(!09!'#$#,?#!-#O%,>!O#'*!

HO#!2O#5#!09!9%,>%,?!N:0(7'#!(O0&(!O0&!+!&05+,!2O'07?O!+!6'0N#((!09!:#+',%,?!5+3!-#!+-:#!20!>#$#:06!%,(%?O2(!&O%NO!O#:6!O#'!20!NO+,?#!O#'!:%9#!(%27+2%0,*!HO#!2O#5#!%(!6'#(#,2!%,!2O#!90::0&%,?!6+((+?#P!&O#'#!+!N+,N#'!$%N2%5!%(!(6#+;%,?*!

_]U`! B!N+,!(##!O0&!6'#((7'#>!53!:%9#!&+(!-#90'#P!&O#,!B!6:+N#>!(0!57NO!%560'2+,N#!0,!(7NN#((*!B!>0,f2!&+,2!2O+2!:%9#!-+N;*!H#::%,?!53(#:9!#$#.'3! >+3! 2O+2! Bf::! ?#2! -#22#'! O+(!5+>#!5#! -#:%#$#! %,!53(#:9! +?+%,*! Bf::!,#$#'!&0''3!+-072!53!N+'##'!+?+%,!-#N+7(#P!#$#,!%9!B!#+',!,02O%,?P!+2!:#+(2!Bf::!-#!&#::*!_Q8P!)#N*!SVc!FUU`!

=#90'#P!-#%,?!O+663!&+(!+-072!+NO%#$#5#,2(!:%;#!O0&!57NO!50,#3!B!#+',#>!+,>!O0&!(7NN#((97:!B!&+(*!B!O+$#,f2!?0,#!-+N;!20!&0';!+,>!0,.:3!N+'#!+-072!(6#,>%,?!2%5#!n!k7+:%23!2%5#!n!&%2O!2O#!6#06:#!B!:0$#*!B,!907'! 3#+'(P! Bf::! O06#97::3! -#! %,! 2O#! +::.N:#+'*!1,2%:! 2O#,P! Bf::! O+$#! 20!;##6!0,!?0%,?!20!(##!53!?3,+#N0:0?%(2!#$#'3!2O'##!20!(%d!50,2O(!-72!Bf5!>#2#'5%,#>! 20!-#! 2O#!-#(2!575!B!N+,!-#!n!+,>!(##!53!>+7?O2#'!?'0&!76*!_Q8P!)#N*!SVc!FUE`!

B,!2O#!#d+56:#!+-0$#P!+!:#+',%,?!6'0N#((!O+(!-'07?O2!+-072!+!NO+,?#!%,!2O#!%,2#'.$%#&##f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k7+:%23!09!:%9#*!HO#!k7+:%23!2%5#! (O#! N+,! (6#,>!&%2O!O#'! 9+5%:3! %(!50'#! %560'2+,2! 2O+,! 2O#! N+'##'! (O#!0,N#!O+>*!D#'! 6'%0'%2%#(! O+$#! NO+,?#>! 9'05! +! 90N7(! 0,! (2+27(! 20! +,! #56O+(%(! 0,! O#'!k7+:%23!09!:%9#*!8O#!O+(!#5#'?#>!9'05!2'07-:#!+(!+!&%(#'!6#'(0,P!+,>!N:#+':3!+!+/)05&/##.0,#*!

! 8L().M)#)/*#')!!!FU]!

! !

HO#!2O#5#(!09!9%,>%,?!N:0(7'#!+,>!50$%,?!0,P!+,>!2O#!5#+,(!-3!&O%NO!2O#3!+'#!+NO%#$#>P! 97,N2%0,! +(! 2O#!5+?+e%,#f(! (7??#(2%0,(! 90'! (0:72%0,(c! 2O#! +>$%N#! &%::!?7%>#! 2O#!!"#$".1'0&! %,! '#.#(2+-:%(O%,?! 2O#! %>#+:!6#'90'5+,N#!09!O#'! 9#5%,%,%23*!HO#!5+?+e%,#!7(#(!2O#!#d+56:#(!09!#d6#'%#,N#(!>#(N'%-#>!%,!2O#!9#+27'#!(20'%#(!20!,#72'+:%e#!NO+::#,?%,?!>%(N07'(#(!+,>!6'0502#!%2(!>05%,+,2!>%(N07'(#*!B2!+:(0!+(.(7'#(!2O#!!"#$".1'0&!2O+2!(O#!%(!&#:N05#!-+N;!+92#'!O#'!0'>#+:P!+:2O07?O!2O+2!O#'!#d6#'%#,N#(!O+$#!NO+,?#>!O#'*!!

hV`V;. G'*B'*1.!&"#,0/.

Q%,>%,?!N:0(7'#!2O'07?O!#d6#'2!O#:6!N0,(%(2(!09!9%,>%,?!+!(0:72%0,!2O'07?O!+!6'0.N#((!%,!&O%NO!+!&05+,!+N2%$#:3!(0:%N%2(!#d6#'2!O#:6*!HO%(!5+3!O#:6!O#'!+92#'P!90'!%,(2+,N#P!+!2'+75+2%N!#d6#'%#,N#*!HO#!;%,>!09!#d6#'2!O#:6!(O#!,##>(!>#6#,>(P!,+27.'+::3P!0,!O#'!(%27+2%0,h!+!(0:72%0,! 2O'07?O!5#>%N+::3! 2'+%,#>!O#:6! %(! (7??#(2#>! %,!2O#!90::0&%,?!#d+56:#*!

_]R`! l#2!&05#,!,##>! 20!;,0&! 2O#'#!+'#!5#2O0>(! 2O+2!>0!&0';! 20!+%>! '#.N0$#'3! s+92#'! '+6#t*! H0>+3P! 2O#! -#(2!&+3! 20! 2'#+2! 2O#(#! (356205(! %(!%55#>%+2#! N'%(%(! %,2#'$#,2%0,! n! 2'#+25#,2! +,>! N07,(#::%,?! 2O+2! +2.2#562(!20!'#27',!2O#!$%N2%5!20!O0&!(O#!9#:2!-#90'#!2O#!+22+N;*!87'$%$0'(!N+,,02!-#!O#:6#>!20!'#N0$#'3!&%2O072!6'06#'!(#'$%N#(*!_Q8P!G+,!SEc!V^`!

B,!2O#!#d+56:#P!2O#!2O#5#!09!N:0(7'#!60%,2(!20!+!(0:72%0,!90'!O0&!20!>#+:!&%2O!2O#!%56+N2!09!2O#!$%0:#,N#!20!&O%NO!(O#!O+(!-##,!(7-W#N2#>*!HO#!60((%-%:%23!09!N:0(7'#!%(!'#9#''#>!20!%,!(".0/(,0*.(K/.7'L('$.(".K"U.#K/.+/&(.[/+"0/.(K/.)(()L]*!HO#!6'09#(.(%0,+:! (7660'2!&O%NO!5+3!-'%,?! +-072! N:0(7'#! %(! '#9#''#>! 20! %,!$/(K"B#. (K)(. B".U"0].(".)'B.0/L"7/0O!+,>!'$$/B')(/.L0'#'#.'*(/07/*('"*.Q.(0/)($/*(.)*B.L",*#/&5&'*1*!HO#! %560'2+,N#!09!6'09#((%0,+:! (7660'2! 90'! 2O#! 2O#5#!09!N:0(7'#! %(!6'#(#,2!+:(0!%,!2O#!:+(2!(#,2#,N#!09!2O#!#d+56:#c!2O#!'0+>!20!'#N0$#'3!%(!,02!60((%-:#!U'(K5",(.%0"%/0.#/07'L/#*!!

HO#!6'#(7660(%2%0,!%,!2O#!#d+56:#!+-0$#!%(!2O+2!2O#!&05+,!&+(!N0,2#,2!&%2O!O#'!:%9#!-#90'#!2'07-:#!-#9#::!O#'*!HO%(!%(!2O#!(2+2#!09!5%,>!20!&O%NO!(O#!&%(O#>!20!'#.27',*!D0&#$#'P!,0!'#27',!%(!60((%-:#!U'(K",(.%0"%/0.#/07'L/#*!HO#!#56O+(%(!%(!0,!2O#!,#N#((%23!09!+,>! 2O#!6'09#((%0,+:%(5!09! 2O#(#!(#'$%N#(!&O%NO!O#:6! 2O#!$%N2%5!'#N0$#'*! B,! 2O%(!#d+56:#P! 2O#'#! %(!,0!5#,2%0,!09! 2O#! %,>%$%>7+:f(!0&,!+?#,N3! %,!2O#!'#N0$#'3!6'0N#((P!+:2O07?O!(O#!O#'(#:9!&%::!O+$#!20!5+;#!2O#!>#N%(%0,!09!(##;.%,?!+,>g0'!+NN#62%,?!O#:6*!!

Ik7+::3P!2O#!2O#5#!09!9%,>%,?!N:0(7'#!-3!9+N%,?!0,#f(!6+(2!'#9#'(!20!9%,>%,?!+!(0:7.2%0,!2O'07?O!+!6'0N#((!%,!&O%NO!+!&05+,!'#$%#&(!O#'!5#50'%#(!%,!0'>#'!20!2+;#!

FUV!!!8L().M)#)/*#')!

!

N0,2'0:!0$#'!O#'!9727'#*!H0!>0!(0P!(O#!&%::!9%'(2!5+;#!2O#!>#N%(%0,!20!(##;!#d6#'2!O#:6! (7NO! +(! :#?+:! +>$%N#! 0'! '#(0'2! 20! :#?+:!5#+(7'#(*! D0&#$#'P! 2O#! 6'0N#((! 09!N05%,?!20!2#'5(!&%2O!0,#f(!5#50'%#(!N+,!-#!#d2'#5#:3!6+%,97:P!#(6#N%+::3!%,!%,.(2+,N#(!&O#,!+!&05+,!O+(!-##,!2O#!$%N2%5!09!6'+N2%N#(!(7NO!+(!'+6#P!(#d7+:!+(.(+7:2P!6O3(%N+:!$%0:#,N#P!0'!5#,2+:!N'7#:23*!Q+N%,?!0,#f(!6+(2!5+3!2+;#!2O#!90'5!09!+! N0,N'#2#P! +:50(2! (35-0:%NP! #$#,2! (7NO! +(! 9+N%,?! 2O#! 6#'6#2'+20'! %,! N07'2! +,>!O#+'%,?!O%(!(#,2#,N#!'#+>!072*!Q%,>%,?!N:0(7'#!2O'07?O!(7NO!+!6+%,97:!(35-0:%N!+N2!%(!907,>!%,!2O#!90::0&%,?!#d+56:#!6'0$%>#>!-3!2O#!&05+,!&O0(#!(2#69+2O#'!(#d.7+::3!+-7(#>!O#'!&O%:#!(O#!&+(!+!NO%:>!+,>!+!2##,+?#'!_Id+56:#(!EE!+,>!E]h!>%(.N7((#>!%,!]*R*F`*!

_]E`! =72!B!N07:>,f2!:00;!+2!O%5!+(!B!?+$#!#$%>#,N#P!+(!B!;,#&!O#f>!%,2%5%.>+2#!5#P!+,>!B!N'%#>!%,!9'0,2!09!2O#!W7'3!n!%2!9#:2!+(!%9!B!&+(!,+;#>!%,!+!'005!97::!09!(2'+,?#'(*!

<O#,!B!&+:;#>!072P!53!:#?(!-7N;:#>P!s***t!Q%,+::3!2O#!90'#5+,!(60;#c!pK7%:23Pf!O#! (+%>P!09!+::! 907'!NO+'?#(!09! %,>#N#,2!+((+7:2! +,>!+::! 907'!+NN07,2(!09!'+6#*!HO#! W7>?#!(#,2#,N#>!/:+,! 20!#%?O2!3#+'(! %,!6'%(0,P!+,>!B!+:50(2!N0::+6(#>!&%2O!'#:%#9!+,>P!3#(P!W03*!!

s***t!

B!&+,2!02O#'!&05#,!&O0!O+$#!-##,!+-7(#>!20!;,0&!2O+2!2O#'#!%(!:%9#!+92#'&+'>(! n! 307! L)*! _%2+:%N(! %,! 0'%?%,+:`! (6#+;! 072P! ?#2! W7(2%N#! +,>!50$#!0,*!/,>!2O#'#!+'#!6#06:#!072!2O#'#!&O0!+'#!&%::%,?!20!O#:6!307*!l07!>0,f2!O+$#!20!-#!+!$%N2%5*!/?'##%,?!20!&+%$#!53!+,0,35%23!+,>!2#::!53!(20'3!200;!+!:02!09!N07'+?#P!-72!Bf$#!9%,+::3!'#+:%(#>!2O+2!/:+,!%(!2O#!0,#!&O0!(O07:>!-#!+(O+5#>P!,02!5#*!_Q8P!8#62*!SEc!FSS`!

D#'#!N:0(7'#!%(!N0,2'+(2#>!&%2O!2O#!(2'#,707(!6'0N#((!09!'#+NO%,?!%2*!B2!%(!'#9#''#>!20!%,!(K/0/.'#.&'+/.)+(/0U)0B#*!HO#!6+%,97:,#((!09!2O#!6'0N#((!%(!>#(N'%-#>!%,!D.L0'/B.'*.+0"*(."+.(K/.>,0O!+,>!s%2t!(""].).&"(."+.L",0)1/*!HO#!20'5#,2!09!2O#!&05+,!9+N.%,?!O#'! '+6%(2! 9'05! 2O#! 6+(2! %(! >#(N'%-#>! %,! 2#'5(!09! 6O3(%N+:!&#+;,#((*!K%$%,?!#$%>#,N#! %,! 2O#! 2'%+:! +?+%,(2!O%5P!#$#,!+(!+,!+>7:2P! '#5%,>(!O#'!09!O#'!O#:6:#((.,#((*!8O#!>#(N'%-#(!2O#!(%27+2%0,!%,!2#'5(!09!6O3(%N+:!'#+N2%0,(h!O#'!O#:6:#((,#((!%(!'#9#''#>!20!%,!D.L",&B*N(.&""].)(.K'$P!(O#!9#:2!+(!%9!*)]/B.'*.).0""$.+,&&."+.#(0)*1/0#!+,>!&O#,!(O#!O+>!20!&+:;!O#'! &/1#.[,L]&/B*!Q%,+::3P!N:0(7'#! %(!N0,9%'5#>!%,! 2O#!(2+2#5#,2!^",.B"*N(.K)7/. (".[/.).7'L('$! +,>!O",.L)*. #%/)].",(-.1/(. >,#('L/.)*B.$"7/."**!!

D#'#! 9%,>%,?! N:0(7'#! %(! '#9#''#>! 20! %,! 2#'5(! 09! 6O3(%N+:! '#+N2%0,(! 09! '#:%#9*! HO#!%,2#'$%#&##!)&$"#(.L"&&)%#/B.U'(K.0/&'/+.)*B-.O/#-. >"O*!D#'!'#:%#9! %(!7,>#'(2+,>+.-:#*!D#'! %,(#'2%0,! 09! 2O#! m3#(b! -#90'#! +>5%22%,?! 20! W03! (7??#(2(! 2O+2! (O#! ;,0&(!2O+2!+!6'%(0,!(#,2#,N#! %(!,0! '#+(0,! 20! '#W0%N#P!&O+2#$#'! 2O#!N%'N75(2+,N#(*!<%2O!

! 8L().M)#)/*#')!!!FU\!

! !

2O+2! m3#(b! (O#! %,>%N+2#(! 2O+2! (O#!&+,2#>! W7(2%N#P! ,02! '#$#,?#*!D0&#$#'P! (O#! >#.9#,>(! O#'! '%?O2! 20! -#! O0,#(2! +,>! O#'! 9##:%,?! 09! W03! 0$#'! 2O#! (#,2#,N#*!H0! O#'! %2!5#+,(!60(%2%$#!N:0(7'#!+,>!(O#!&+,2(!20!(O+'#!2O#!;,0&:#>?#!09!2O%(!(0:72%0,!&%2O!02O#'!&05#,*!!

HO7(P! 2O#! '#6#'20%'#!09! '#?+%,%,?!N0,2'0:! +((7'#(!&05#,! 2O+2! N:0(7'#! %(!60((%-:#!+92#'!+!2'+75+2%N!#d6#'%#,N#h!2O#'#!%(!+!(0:72%0,P!,02!0,:3!+NN#62+,N#*!HO#!2O#5#!09! 9%,>%,?!N:0(7'#! %(! '#9#''#>! 20! %,! 2O#! (2+2#5#,2!O",.B"*N(.K)7/. (".[/.). 7'L('$*!"#+NO%,?!2O#!60%,2!&O#'#!307!5+3!-#?%,!20!9%,>!N:0(7'#!>#6#,>(!0,!072(%>#!O#:6P!(K/0/.)0/.%/"%&/.",(.(K/0/.UK".)0/.U'&&'*1.(".K/&%.O",P!-72!+:(0!0,!307'!0&,!+-%:.%23!20!9%,>!#,07?O!N07'+?#!20!>#+:!&%2O!2O#!(%27+2%0,!+,>!(O+'#!307'!#d6#'%#,N#(!&%2O!02O#'!&05#,*!B,>##>P!&O#2O#'!2O#!!"#$".1'0&!9%,>(!N:0(7'#!>0#(!,02!,#N#(.(+'%:3!>#6#,>!0,!O#:6!9'05!#d6#'2(!0'!O#'!9'%#,>(h!O#'!0&,!+N2%0,(!+,>!>#N%(%0,(!N+,!+:(0!6'0$%>#!+!(0:72%0,*!!

HO#!'#6#'20%'#!09!'#?+%,%,?!N0,2'0:!+:(0!>#(N'%-#(!9%,>%,?!N:0(7'#!2O'07?O!+N2%0,(!+,>!>#N%(%0,(!09!0,#f(!0&,*!HO#! 2O#5#! '#9#'(! 20!6#'(0,+:! +?#,N3!+,>!&05#,f(!+-%:%23!20!'#(0:$#!+,!%((7#!+,>!9%,>!W03!%,!2O#%'!0&,!N+6+N%23*!87NO!+?#,N3!%(!>#.(N'%-#>!%,!2O#!90::0&%,?!6+((+?#P!&O#'#!2O#!%,2#'$%#&##!0-2+%,(!W7(2%N#P!+92#'!O+$.%,?!O+(!(7-W#N2#>!20!O+'+((5#,2!-3!O#'!-0((P!+99#N2%,?!-02O!O#'!6#'(0,+:!+,>!6'0.9#((%0,+:!(#:9.N0,9%>#,N#*!)

_]]`! C%,60%,2%,?!2O#!6'07>#(2!505#,2!%,!53!:%9#!%(!#+(3*!B2!&+(!E!G7,#!:+(2!3#+'P! &O#,! B! (200>! 76! +2! +,! #56:035#,2! 2'%-7,+:! +,>! >#(N'%-#>P! %,!,#'$#.'+N;%,?!>#2+%:P!O0&!53!90'5#'!-0((!O+>!(#d7+::3!O+'+((#>!5#*!/,>!Bf>!?+2O#'#>!+::!2O#!#$%>#,N#!53(#:9*!D0&!B!907,>!2O#!(2'#,?2O!20!9%,+::3!(2+,>!76!+?+%,(2!O%5!(2%::!+(20,%(O#(!5#*!_Q8P!G7:3!SEc!^\`!

B,!2O#!#d+56:#P!2O#!&05+,!>#(N'%-#(!O0&!(O#!907,>!2O#!(2'#,?2O!+,>!N07'+?#!20!N0,9'0,2! O#'! 90'5#'! -0((! %,! N07'2*! 8O#! >%>! ,02! +NN#62! 2O#! (%27+2%0,h! (O#! 907?O2!-+N;*!)0%,?!(0P!(O#!N07:>!9%,>!N:0(7'#P!+(!%,!(K/.%0",B/#(.$"$/*(.'*.$O.&'+/*!4:0.(7'#!-'%,?(!O#'! W03P!#(6#N%+::3!(%,N#!(O#!'#+:%e#(!2O+2!O#'!0&,!>#N%(%0,(P!+,>!+N.2%0,(!:#>!20!2O+2!6'07>!505#,2!+(!%,!8*B.DNB.1)(K/0/B.)&&.(K/./7'B/*L/.$O#/&+*!s***t!D.+",*B.(K/.#(0/*1(K.(".+'*)&&O.#()*B.,%.)1)'*#(.K'$!+,>!D.#(""B.,%.)(.)*./$%&"O5$/*(. (0'[,*)&*!D#'! (20'3! %(!0,#!09! (3(2#5+2%N!O+'+((5#,2! _Id+56:#(!RE!+,>!R]h!>%(N7((#>!%,!]*U*F`*!/2!(05#!60%,2P!(O#!>#N%>#(! 20!9%?O2!-+N;!&%2O!2O#!(+5#!(3(.2#5+2%N!6#'(%(2#,N#h!(O#!-#?%,(!20!?+2O#'!#$%>#,N#!+?+%,(2!O#'!-0((!+,>!2+;#(!O%5!20!2O#!#56:035#,2!2'%-7,+:!n!&O#'#!2O#!'7:%,?P!9%,+::3P!%(!%,!O#'!9+$07'*!HO#(#!+'#!2O#!505#,2(! (O#!>#(N'%-#(!+(! (K/.%0",B/#(.$"$/*(. '*.$O. &'+/h! 2O'07?O!O#'!0&,!+N2%0,(! (O#! O+(! '#?+%,#>! O#'! 6'%>#! %,! O#'(#:9*!<%2O! 2O%(! #d+56:#P! 2O#!5+?+e%,#!6'060(#(!2O#!!"#$".1'0&f(!0&,!+?#,N3!+,>!'#(07'N#97:,#((!+(!+!5#+,(!09!9%,>%,?!

FU^!!!8L().M)#)/*#')!

!

+!(0:72%0,*!B2! %56:%#(! 2O+2!(O#!O#'(#:9!N+,!'#.#(2+-:%(O!O#'!(#:9.#(2##5!+,>!'#?+%,!N0,2'0:h!2O%(!%(!O#'!%,>#6#,>#,N#*!!

hV`V9. ="7'*1."*.

HO#! (#N0,>! 2O#5#! 90'5%,?! 2O#! '#6#'20%'#!09! '#?+%,%,?!N0,2'0:! %(! 2O+2!09!50$%,?!0,*!M0$%,?!0,!-#N05#(!60((%-:#!&O#,!+!&05+,!9%,>(!(2'#,?2O!%,!2O#!(7660'2!09!9'%#,>(!+,>!9+5%:3P!0'!:#+',(!20!+NN#62!O#'!(%27+2%0,!+92#'!-#'#+$#5#,2!0'!%::,#((*!HO%(!0NN7'(!+:(0!&O#,!+!&05+,!#d6#'%#,N#(!+!(O%92!%,!O#'!$+:7#(!+,>!NO+,?#(!O#'!:%9#(23:#!+NN0'>%,?:3*!HO#!2O#5#!09!50$%,?!0,!%,2#'+N2(!&%2O!2O#!2O#5#!09!(7660'2!%560'2#>!9'05!2O#!'#6#'20%'#!09!9'%#,>(O%6*!

B,! 2O#!'#6#'20%'#!09! 9'%#,>(O%6P! 9+5%:3! 2%#(!+'#!>#(N'%-#>!+(!+!(07'N#!09!(2'#,?2Oc!2O#3!(7660'2!+!&05+,!+,>!O#:6!O#'!20!'#-7%:>!O#'!:%9#!+92#'!-#'#+$#5#,2*!Q+5%:3!(7660'2! +(! +!5#+,(! 09! '#?+%,%,?! N0,2'0:! %(! >#(N'%-#>! %,! 2O#! 90::0&%,?! #d+56:#!&O#'#!2O#!%,2#'$%#&##!O+(!-##,!&%>0&#>!+92#'!+!$#'3!(O0'2!5+''%+?#*!

_]V`! B!(2%::!&#+'!53!&#>>%,?!'%,?!+,>!7(#!"0-f(!:+(2!,+5#P!=#,>#:0&*!Bf5!0,:3! UF! +,>! Bf5! +! &%>0&P! -72! B! >0,f2! 2#::! 6#06:#! &O0! >0,f2! +(;*! B!>0,f2! &+,2! (356+2O3*! Bf$#! 50$#>! -+N;! &%2O! 53! 6+'#,2(! +,>! Bf5!&0';%,?!+(!+!O#+:2ON+'#!+((%(2+,2*! Bf5! 2'3%,?! 20!;##6!"0-f(!5#50'3!+:%$#!%,!+!&+3!O#f>!-#!6'07>!09P!(0!Bf5!'7,,%,?!2O#!"+N#!Q0'![%9#!90'!4+,N#'!"#(#+'NO*!

805#0,#!+(;#>!5#!'#N#,2:3!%9!B!&07:>!O+$#!NO0(#,!,02!20!5##2!"0-!O+>!B!;,0&,!&O+2! 2O#!9727'#!O#:>*!=72!B!NO#'%(O!#$#'3!5%,72#!09! 2O#!FF! 50,2O(! &#! O+>! 20?#2O#'*! s***t!<O#,! 307! :0$#! (05#0,#P! ,02O%,?!#:(#!5+22#'(*!_Q8P!G7,#!SVc!FS^`!

M0$%,?!0,!%(!'#9#''#>!20!%,!DN7/.$"7/B.[)L].U'(K.$O.%)0/*(#.)*B.DN$.U"0]'*1.)#.).K/)&(KL)0/.)##'#()*(!+,>!+:(0!%,!DN$.0,**'*1.(K/.E)L/.G"0.F'+/.+"0.!)*L/0.E/5#/)0LK*!8O#!O+(!5+>#!_+2!:#+(2`!2O'##!NO+,?#(!20!O#'!:%9#(23:#!+,>!2O#(#!O+$#!-##,!5+>#!60((%-:#!-#N+7(#!09!2O#!(7660'2!09!O#'!6+'#,2(h!(27>3%,?!+,>!9%,>%,?!+!,#&!W0-P!50$%,?!-+N;!20!O#'!6+'#,2(f!O07(#!+,>!2+;%,?!76!'7,,%,?*!8O#!#$0;#(!9+5%:3!(7660'2!%,!O#'!5#,2%0,!09!O#'!NO0%N#!20!?0!-+N;!20!:%$#!&%2O!O#'!6+'#,2(!-#N+7(#!(O#!,##>(! 2O#%'!N+'#!90'!+!&O%:#P!-#90'#!$#,27'%,?!072! %,20!2O#!&0':>!0,N#!50'#*!B,>%'#N2:3P!(O#!'#9#'(!20!2O#!60&#'!09!9+5%:3!2%#(!%,!O#'!5#,2%0,!09!O0&!(O#!O0,.07'(! 2O#!5#50'3! 09! O#'! O7(-+,>!-3! 6+'2%N%6+2%,?! %,! 97,>! '+%(%,?! 90'! N+,N#'! '#.(#+'NO*!"7,,%,?!2O#!'+N#!%(!+!(35-0:%N!+N2!&O%NO!90'!O#'!97(#(!6+(2P!6'#(#,2!+,>!9727'#*!B2!;##6(!O#'!5#50'%#(!09!2O#!50,2O(!(6#,2!&%2O!O#'!O7(-+,>!+:%$#P!D.LK/05'#K./7/0O.$'*,(/."+.(K/.;;.$"*(K#.U/.K)B.("1/(K/0P!&O%:#!O#'!>#N%(%0,!20!'7,!%,>%.

! 8L().M)#)/*#')!!!FUZ!

! !

N+2#(!2O+2!(O#!%(!N+6+-:#!09!5+;%,?!>#N%(%0,(!+-072!&O#'#!(O#!&%::!-#!?0%,?!%,!2O#!9727'#*!!

Q+5%:3! 2%#(! +'#! +:(0! >#(N'%-#>! +(! +! (07'N#! 09! (2'#,?2O!&O%NO! O#:6(! +!&05+,! 20!'#-7%:>!O#'! :%9#!+92#'!+!(#$#'#! %::,#((*!HO#!(2'#,?2O!09!9+5%:3!(7660'2!&%::!#,+-:#!O#'!20!50$#!0,!%,!+!&+3!>#(N'%-#>!%,!2O#!90::0&%,?!#d+56:#*!

_]\`! @0&P!F^!50,2O(!:+2#'P!53!:%9#!%(!?#22%,?!-+N;!0,!2'+N;*!Bf$#!50$#>!072!9'05!53!6+'#,2(f!O07(#!+,>!%,20!53!0&,!O05#*!B!O+$#!+!?'#+2!-03.9'%#,>!+,>!#$#,!+!,#&!N+'##'*!<O%:#!B!&+(!'#N0$#'%,?P!B!>%>!+!9:0'%(2'3!N07'(#! 20!;##6!-7(3!+,>!:0$#>!%2h! Bf$#! W7(2!k7+:%9%#>!+,>!O+$#!+!,#&!W0-*!

B2f(!2+;%,?!5#!:0,?#'!20!?#2!-+N;!20!C#'7!2O+,!6:+,,#>!-72!B!O06#!20!?0!%,!+! 9#&!50,2O(P! +92#'!53!NO#N;.76*!@02O%,?!n!,02! #$#,!+!-'+%,! %,.$+>#'!n!&%::!(206!5#!?#22%,?!0,!2O+2!6:+,#*!_Q8P!/7?*!SVc!UUZ`!

D#'#!2O#!2O#5#!09!50$%,?!0,!%(!6'#(#,2!%,!#+NO!(#,2#,N#!%,!2O#!9%'(2!6+'+?'+6OP!+(!%,!$O. &'+/. '#.1/(('*1.[)L]."*. (0)L]V. DN7/.$"7/B.",(. +0"$.$O.%)0/*(#N.K",#/.)*B.'*(".$O."U*.K"$/*!/:(0!D.K)7/.).10/)(.["O+0'/*B.)*B./7/*.).*/U.L)0//0*!s***t!DN7/.>,#(.R,)&'+'/B.)*B.K)7/.).*/U.>"[*!HO#!%,2#'$%#&##!%,!2O%(!#d+56:#!&+(!>%+?,0(#>!&%2O!+!-'+%,!27507'*!Q0'!O#'P!+(!90'!2O#!%,2#'$%#&##!%,!2O#!6'#$%07(!#d+56:#P!50$.%,?!%,!20!:%$#!&%2O!O#'!6+'#,2(!&+(!+!&+3!09!9%,>%,?!(2'#,?2O!20!N06#!&%2O!O#'!N0,.>%2%0,!+,>!2O#!2'#+25#,2!(O#!&+(!'#N#%$%,?*!D+$%,?!'#N0$#'#>P!(O#!O+>!-##,!+-:#!20!50$#!%,20!+!O07(#!09!O#'!0&,P!&O%NO!%,!%2(#:9!%(!+!>#N%(%0,!20!50$#!0,*!/,02O#'!>#N%(%0,!&+(! 20! 2+;#! 2O#!9:0'%(2'3!N07'(#P!+,>!+! 2O%'>! 20!?#2!+! W0-!+(!+! 9:0'%(2*!/2!(05#!60%,2P!O#'!:%9#.NO+,?%,?!>#N%(%0,(!+:(0!-'07?O2!&%2O!2O#5!+!,#&!-039'%#,>*!@0&!(O#!6:+,(!+O#+>h! (O#!&+,2(! 20! '#27',! 20!C#'7!&O#'#! (O#!O+>!-##,!&0';%,?!-#90'#!O#'!27507'!&+(!>%+?,0(#>*!!

HO#!#d6#'%#,N#(!%,!2O#!#d+56:#!+-0$#!(7??#(2!(0:72%0,(h!2O#3!#NO0!2O#!'#(07'N#.97:,#((!09!2O#!!"#$"!1'0&!09!2O#!#>%20'%+:(!+,>!2O#!%>#+:!6#'90'5+,N#!09!O#'!9#5%.,%,%23*!8O#!&%::!-07,N#!-+N;!9'05!2'07-:#!+,>!-+N;!%,20!N0,2'0:!&%2O!+!,#&P!50'#!(7%2+-:#!-039'%#,>!+,>!+!,#&P!-#22#'!W0-*!8O#!&%::!,02!-#!2O#!(+5#!6#'(0,P!-72!(O#!&%::!-#!+/)0&/##!%,!2O#!5+,,#'!09!+.!"#$".1'0&*!

HO#!+-%:%23! 20!50$#!0,!5+3!>#6#,>!0,!0,#f(!&%::! 20! '#.+((#((!0,#f(!$+:7#(*! B,.>##>P!2O#!6'0N#((!09!>#N%>%,?!20!50$#!0,!+,>!2O#!6'0N#((!09!NO+,?%,?!0,#f(!$+:.7#(!&07:>!0NN7'!0$#'!+!:0,?!6#'%0>!09!2%5#h!2O#'#90'#P!%2!%(!>%99%N7:2!20!(+3!&O%NO!%(!2O#!N+7(#!+,>!&O%NO!2O#!#99#N2*!B2!N+,!-#!+'?7#>!2O+2!2O#!2&0!6'0N#((#(!(7660'2!#+NO! 02O#'! +,>! >#$#:06! (%57:2+,#07(:3! %,! %,2#'+N2%0,*! HO#! 90::0&%,?! 6+((+?#P!&O#'#!2O#!%,2#'$%#&##!>#(N'%-#(!O#'!N3(2%N!9%-'0(%(P! %::7(2'+2#(!O0&!50$%,?!0,!%(!%,2#'>#6#,>#,2!0,!+!NO+,?#!09!$+:7#(*!

FRS!!!8L().M)#)/*#')!

!

_]^`! B2! &+(! 0,#! 09!53!50(2! %,(6%'+2%0,+:! >+3(*! HO#'#! B! &+(! 2+:;%,?! 20! +!'005! 97::! 09! N#:#-'%2%#(! +,>!MC(! +-072! O0&! B! ?02! 2O'07?O! #+NO! >+3!&%2O!N3(2%N!9%-'0(%(!+,>!&O+2!B!&+(!(+3%,?!&+(!50$%,?!5+,3!09!2O#5!20!2#+'(*!!

s***t!

Bf5!O#:6%,?!20!'+%(#!w^*^!5%::%0,!90'!>#$#:06%,?!?#,#!2O#'+63*!B2f(!200!:+2#!90'!5#P!-72! %2!&%::!O#:6!02O#'!6#06:#!&%2O!4Q*!Bf5!:7N;3!20!O+$#!:%$#>!+(! :0,?!+(! B!O+$#!+,>!#d6#'%#,N#>! 2O%,?(!02O#'!(799#'#'(!>0,f2*!D+$%,?!2O%(!>%(#+(#!O+(!5+>#!5#!50'#!N056+((%0,+2#P!+,>!5+;%,?!+!>%99#'#,N#! %(! (0! (+2%(93%,?!n! %2f(! 2O#!-#(2! 2O%,?! B! N07:>! #$#'!>0*! _Q8P!/6'%:!SEc!ZFP!ZR`!

/! NO+,?#! %,! $+:7#(! +(! 6+'2! 09!50$%,?! 0,! %(! '#9#''#>! 20! %,! s***t! (K'#!B'#/)#/. K)#.$)B/.$/.$"0/.L"$%)##'"*)(/-.)*B.$)]'*1.).B'++/0/*L/.'#.#".#)('#+O'*1.Q.'(N#.(K/.[/#(. (K'*1.D.L",&B./7/0.B"*!HO#! :%9#!NO+,?#!>#(N'%-#>!N0,(%(2(!09!O#:6%,?!02O#'(P!&O%NO! %,! 2O%(! N+(#! +'#!"(K/0. %/"%&/.U'(K.!G*! 40,(#k7#,2:3P! O#:6%,?! 02O#'(! N+,!O#:6!+!&05+,!>#9%,#!O#'!6:+N#!%,!(0N%#23*!B,!2O#!9#+27'#!(20'3P!(O#!9%'(2!>#(N'%-#(!O0&!(O#!%)0('/B.)#.K)0B.)#!s(O#t!#(,B'/B!+,>!2O+2!O#'!6O3(%N%+,!20:>!O#'!(O#!&+(![,0*'*1. (K/. L)*B&/.)(. ["(K. /*B! _Id+56:#!EVh!>%(N7((#>! %,!]*R*U`!8O#!,#?:#N2#>!O#'!>%(#+(#!+,>!N0,2%,7#>!20!:%$#!:%9#!+2!+!-'#+;,#N;!6+N#*!Q0'!O#'!%2!%(!200!:+2#!90'!'#N0$#'3*!=72! 02O#'! (799#'#'(!5+3! (2%::! -#! +-:#! 20! %,9:7#,N#! 2O#! >#$#:065#,2! 09!2O#%'!>%(#+(#!+,>!2O#3!5+3!-#,#9%2!9'05!60((%-:#!9727'#!'#(#+'NO!9%,>%,?(*!

HO#! NO+,?#! %,! $+:7#(! (O#! O+(! 7,>#'?0,#! -#N05#(! +66+'#,2! +(! 2O#! %,2#'$%#&!50$#(!0,!20!>#(N'%-#!O#'!N7''#,2!:%9#!(%27+2%0,*!8O#!%(!,0!:0,?#'!90N7(#>!0,:3!0,!O#'(#:9P! (O#! ,0&! N0,(%>#'(! 02O#'! O75+,! -#%,?(!&%2O! #56+2O3*! 8O#! N+::(! O#'(#:9!&,L]O.(".K)7/.&'7/B.)#.&"*1!-#N+7(#!09!O#'!:%9#!#d6#'%#,N#(P!+,>!(O#!N+,!+:(0!(##!2O+2!2O#!>%(#+(#!O+(!5+>#!O#'!50'#!L"$%)##'"*)(/!+(!+!O75+,!-#%,?*!/2!2O#!(+5#!2%5#!O#:6%,?!02O#'(!7,>#'(2+,>!2O#!>%(#+(#!N+,!-#!#d6#'%#,N#>!+(!O%?O:3!'#&+'>.%,?P! %2! %(! #)('#+O'*1! +,>! (K/. [/#(. (K'*1. D. L",&B. /7/0. B"*!K%$%,?! +! 2+:;!5+;#(!O#'!#d6#'%#,N#!"*/."+.$O.$"#(.'*#%'0)('"*)&.B)O#!+,>!(O#!9##:(!(O#!%(!$)]'*1.).B'++/05/*L/*! <%2O! 2O%(! #d+56:#P! 2O#! 5+?+e%,#! 099#'(! +! (0:72%0,! 90'! O0&! 20! 50$#! 0,!2O'07?O!+!NO+,?#!%,!$+:7#(!+,>!&%2O!(7660'2!9'05!9'%#,>(!+,>g0'!6##'(c!+!+/)0&/##.&05+,!#5#'?#(*!

HO#! 2O#5#! 09!50$%,?! 0,! +:(0! '#9#'(! 20! 9%,>%,?! +! (0:72%0,! 2O'07?O! +! 6'0N#((! 09!:#+',%,?!&O%NO!O#:6(!+!&05+,!20!'#N0,N%:#!O#'(#:9!&%2O!2O#!6+(2*!K0%,?!2O'07?O!+!6'0N#((!09!:#+',%,?!5+3!#,+-:#!O#'!20!#5-'+N#!NO+,?#(!&O%NO!(O#!O+(!6'#$%07(:3!N0,(%>#'#>!7,+NN#62+-:#*![#+',%,?!&%::!#,N07'+?#!'#N0,N%:%+2%0,!+,>!O#:6!O#'! 20!6'0N#((!-#2'+3+:!0'!+NN%>#,2(!+,>P!+(!+!'#(7:2P!N0,2%,7#!&%2O!O#'! :%9#*!"#N0,N%:%+.2%0,!+(!+!6'#'#k7%(%2#!90'!:%9#!NO+,?#!%(!>#(N'%-#>!%,!2O#!90::0&%,?!#d+56:#*!

! 8L().M)#)/*#')!!!FRF!

! !

_]Z`! Bf5!+!6'%$+2#!6#'(0,!+,>!9%,>!%2!O+'>!20!2'7(2!02O#'(P!-72!-#N+7(#!B!&+(!(0!>#(6#'+2#!20!;,0&!53!>+>P!B!:#2!53!?7+'>!>0&,*!B2f(!-##,!O+'>!20!?#2!0$#'P!-72!B!O+$#!20!50$#!0,*!Bf5!:7N;3!20!O+$#!sO7(-+,>t!)+,!+,>!9'05!,0&!0,!Bf::!N0,N#,2'+2#!0,!O%5!+,>!07'!9727'#!20?#2O#'*!Bf5!:#+$.%,?!2O#!6+(2!-#O%,>*!_Q8P!G7:3!SVcFFS`!

M0$%,?!0,! %,! :%9#! '#k7%'#(!+,!+N2%$#!>#N%(%0,!+(! %,! DN$. &/)7'*1. (K/.%)#(.[/K'*B*!8O#!O+(!907,>!+!(0:72%0,!20!O#'!(%27+2%0,!+,>!2O+2!%(!20!:#+$#!2O#!6+(2!-#O%,>!+,>!:00;!20!2O#!9727'#!+(!%,!D(N#.[//*.K)0B.(".1/(."7/0-.[,(.D.K)7/.(".$"7/."**!"#+NO%,?!2O#!%,,#'!-+:+,N#!,##>#>!20!NO+,?#!%(!,02!+,!#+(3!6'0N#((P!+(!N+,!-#!(##,!9'05!D(N#.[//*.K)0B!+,>!+0"$.*"U."*.DN&&.L"*L/*(0)(/."*.K'$!sO7(-+,>!)+,t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d+56:#!RZh!>%(N7((#>!%,!]*U*U`*!8O#!#$#,27+::3!'#+:%e#(!2O+2!(O#!sO+(t!(".$"7/."*!s***t! &/)7'*1. (K/.%)#(.[/K'*B! +,>! 2O+2!O#'! 9727'#! %(!&%2O!O#'!O7(-+,>! %,! 2O#%'! :%9#!20?#2O#'*!!

B,>##>P!2O#!5+?+e%,#!%,!%2(!#d+56:#(!#56O+(%e#(!'#N0,N%:%+2%0,!+,>!+NN#62+,N#!+(!5#+,(!20&+'>(!+!(0:72%0,!(7NO!+(!50$%,?!0,*!B,!2O#!6+((+?#!-#:0&P!+!&05+,!-#.2'+3#>! -3! +! 6+'2,#'! 9%,>(! (7??#(2%0,(! 90'! '#N0,N%:%+2%0,! %,! 2O#! &0'>(! 09! +! 6(3.NO0:0?%(2!k702#>!#+':%#'*!!

_VS`! <O#,!+!5+,!NO#+2(!0,!307P!&O#2O#'!(%d!50,2O(! %,20!+! 9:%,?!0'!+92#'!(%d! 3#+'(! 20?#2O#'P! %2! 5+;#(! 307! k7#(2%0,! #$#'32O%,?! n! 2O#! NO0%N#(!307f$#!5+>#P! 307'! 0&,! W7>?#5#,2*! mHO#! #99#N2(! N+,! -#! >#$+(2+2%,?!0,!#$#,!2O#!(2'0,?#(2!6#'(0,f(!(#,(#!09!(#:9.&0'2OPb!(+3(!40(50!6(3.NO0:0?%(2!)'![%,>+!C+6+>0607:0(*!mB2!5+3!:#+>!20!:0,?.2#'5!9##:%,?(!09!%,(#N7'%23!+,>!W#+:07(3*!=72P!-3!:#+',%,?!20!672!2O#!O7'2!+,>!+,?#'!-#O%,>!7(P!&#!#5#'?#!(2'0,?#'!+,>!50'#!N0,9%>#,2P!+,>!O+$#!+!?'#+2#'!NO+,N#!09!9%,>%,?!:0$#!+?+%,*b!_Q8P!G7,#!SEc!FSF`!FZ!

HO#!6(3NO0:0?%(2!%,!O#'!N+6+N%23!09!+,!#d6#'2!>#(N'%-#(!'#N0,N%:%+2%0,!+(!+!:#+',.%,?!6'0N#((*!HO#!2O#5#!09!50$%,?!0,!2O'07?O!(7NO!+!6'0N#((!%(!'#9#''#>!20!%,!2O#!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!FZ!! HO#! 2O'##! 9%'(2! (#,2#,N#(! 09! 2O%(! #d+56:#! N0,(2%272#>! Id+56:#! ]V! %,! ]*U*R*! D#'#! 0,#!50'#!

(#,2#,N#! %(! +>>#>! %,! &O%NO! 2O#! #d6#'2! (7??#(2(! 2O#! 60((%-%:%23! 09! '#N0,N%:%+2%0,! +,>! +! :%9#!NO+,?#*!

FRU!!!8L().M)#)/*#')!

!

(2+2#5#,2!&/)0*'*1.(".%,(.(K/.K,0(.)*B.)*1/0.[/K'*B.,#*!B2!&%::!#,+-:#!&05#,!20!/$/01/.#(0"*1/0.)*B.$"0/.L"*+'B/*(*!Q%'(2!(O#!>#(N'%-#(!O0&!+!NO#+2%,?!6+'2,#'!5+3!N+7(#!+!&05+,!20!k7#(2%0,!O#'!NO0%N#(!+,>!O#'!0&,!W7>?#5#,2!+,>!>+5+?#!O#'!N0,2'0:!_Id+56:#!RVP!>%(N7((#>!%,!]*U*U`*!8O#!2O#,!6'0N##>(!20!(7??#(2%,?!2O+2!%2! %(! 60((%-:#! 20! &/)0*! O0&! 20! 0$#'N05#! O7'2! +,>! +,?#'*!L,:3! 2O#,! N+,!&05#,!K)7/.).10/)(/0.LK)*L/."+.+'*B'*1.&"7/.)1)'**!40,(#k7#,2:3P!+!&05+,!N+,!O06#!20!(2+'2! +! ,#&P! O06#97::3! 50'#! '#&+'>%,?P! '#:+2%0,(O%6! 0,:3! -3! 6722%,?! +(%>#! 2O#!5#50'%#(!09!+!6'#$%07(P!7,(+2%(9+N20'3!'#:+2%0,(O%6*!!

D0&#$#'P!+!2O#5#!09!2O#!(&##2,#((!09!'#$#,?#!%,(#'2%,?!%2(#:9!9'05!+,02O#'!'#6#'.20%'#! _60((%-:3!0,#!09! '#$#,?#P!&O%NO!&+(!-'%#9:3!5#,2%0,#>! %,!N0,,#N2%0,!&%2O!2O#!'+6#!$%N2%5!#d+56:#`!5+3!NO+::#,?#!'#N0,N%:%+2%0,*!87NO!+!(2'7??:#!-#2&##,!2O#5#(! %(! 907,>! %,! 2O#! 90::0&%,?!6+((+?#P!&O#'#!+!&05+,!N05#(! 20! 2#'5(!&%2O!-#2'+3+:*!

_VF`! /92#'!0,:3!+!50,2O!09!NO+22%,?!20!K+-3P!B!-#?%,!20!,02%N#!+!NO+,?#!%,!O#'!20,#*!8O#!(##5(!57NO!N+:5#'!+,>!(+3(!(O#!%(!(2+'2%,?!20!50$#!0,*!8O#! (+3(! (O#! 9##:(! (O#!O+(! p#d0'N%(#>f!O%(!5#50'3!+,>! %(!,0! :0,?#'!O#::.-#,2!0,!?#22%,?!#$#,*!s***t!

8O#!+:(0!(+3(!(O#f(!>#N%>#>!,02!20!(#::!O%(!?0:9!N:7-(*!mBf$#!(2+'2#>!2+;.%,?!?0:9!:#((0,(!%,(2#+>*b!B2!(##5(P!90'!K+-3!+2!:#+(2P!%2f(!2%5#!20!N+::!%2!+!>+3*!mBf5!'#50$%,?!O%(!>#2+%:(!9'05!2O#!(%2#(*!B!,0&!;,0&!2O+2!:#2.2%,?!?0!%(!2O#!0,:3!&+3!B!N+,!50$#!0,!&%2O!53!:%9#*!B!N+,f2!>0!2O%(!s'#.$#,?%,?!O#'(#:9!0,!O#'!#dt!90'#$#'!+,>!N:0(7'#!%(!&O+2!B! 2'7:3!&+,2*b!_Q8P!8#62*!SVc!^^`!

D#'#!2O#!+-%:%23!20!50$#!0,!%(!'#9#''#>!20!%,!).LK)*1/.'*.K/0.("*/!+,>!#K/.'#.#()0(5'*1. (".$"7/."**!"#N0,N%:%+2%0,! %(!>#(N'%-#>! %,!>'+5+2%NP! #$#,!>%+-0:%NP!60((%-:3!%'0,%NP! 2#'5(! :%;#! /S"0L'#/B. +,>. K/&&5[/*(*! HO#! %,2#'$%#&##! O+(! '#+NO#>! +! 60%,2!&O#'#! (O#! %(! '#+>3! 90'! NO+,?#h! #K/. K)#. a/S"0L'#/BN. K'#. $/$"0O! +,>! (O#! %(! *".&"*1/0. K/&&5[/*(. "*. 1/(('*1. /7/**! Q%'(2P! O#'! >#2#'5%,+2%0,! 20! -'%,?! +-072! :%9#!NO+,?#(! %(! N0,9%'5#>! %,! O#'! >#N%(%0,! 20! 2+;#! ?0:9! :#((0,(! %,(2#+>! 09! (#::%,?! O#'!#df(!N:7-(P!+!50>#!09!'#$#,?#!(O#!O+>!6:+,,#>!%,!5%,72#!>#2+%:*!=3!N0,2'+(2P!,0&!O#'!90N7(!%(!,0!:0,?#'!0,!O%5c!%2!O+(!(&%2NO#>!20!O#'(#:9*!8#N0,>:3P!O#'!>#2#'5%,+.2%0,!20!6'0N##>!%,!:%9#!%(!#d6:%N%2:3!N0,9%'5#>!%,!O#'!&0'>(!'(N#.('$/.(".L)&&.'(.).B)O*!HO#!:#+',%,?!6'0N#((!O+(!?%$#,!O#'!2O#!%,(%?O2!2O+2!%2!%(!,#N#((+'3!20!N05#!20!2#'5(!&%2O!O#'!6+(2P!%,!0'>#'!20!#5-'+N#!2O#!9727'#c!&/(('*1.1".'#.(K/."*&O.U)O.D.L)*.$"7/."*.U'(K.$O.&'+/*!!

HO7(!%,!2O#!#d+56:#!+-0$#P!2O#!,##>!20!50$#!0,!0$#''%>#(!2O#!,##>!90'!'#$#,?#*!C:+,,%,?!'#$#,?#!5+3!9##:!+(! '#&+'>%,?!+(!+N27+::3!N+''3%,?!072! 2O#!6:+,*!C:+,.,%,?!N+,!97,N2%0,!+(!+,!+N2!09!N:#+,(%,?!&O%NO!%,!2O#!N+(#!09!mK+-3b!5+;#(!O#'!

! 8L().M)#)/*#')!!!FRR!

! !

9##:!2O+2!(O#!K)#.a/S"0L'#/BN.K'#.$/$"0O*!HO#'#90'#P!(O#!9##:(!'#N0,N%:#>!+,>!&%::!-#!+-:#!20!50$#!0,*!B,>##>P!2O#!%,2#'$%#&##!+66#+'(!20!'#9#'!20!+!N#'2+%,!+507,2!09!#dO+7(2%0,!-3! %,(#'2%,?!+!&0'>! :%;#!m2'7:3b! %,20!O#'!(2+2#5#,2h!L&"#,0/. '#.UK)(.D.(0,&O.U)*(*!HO#!27'50%:!09!9##:%,?(!>#(N'%-#>!%,!O#'!-#%,?!K/&&5[/*(!0,!'#$#,?#!%(!0$#'!+,>!2O#!N+:5,#((!09!'#N0,N%:%+2%0,!(#2(!%,!+(!5+3!-#!%,9#''#>!9'05!'(N#.('$/.(".L)&&.'(.).B)O*!!

Q%,+::3P!50$%,?! 0,! '#9#'(! 20! 2O#! ,##>! 20! 9%,>! '#N0,N%:%+2%0,! 2O'07?O! +! :#+',%,?!6'0N#((!+92#'!+,!+NN%>#,2*!87NO!+!6'0N#((!5+3!2+;#!2%5#!+(!%::7(2'+2#>!%,!2O#!90:.:0&%,?!6+((+?#*!

_VU`! C:+,#!N'+(O#(!5+;#!#$#'32O%,?!&0'(#!n!+,>!&+2NO%,?!2O#!9%'(2!9#&!#6.%(0>#(!09!F"#(!&+(!O%>#07(*!?,(.O",.K)7/.(".$"7/."**!"%NO+'>!;#62!2O#!N722%,?(!9'05!2O#!N'+(O![,(.D.0/L/*(&O.1"(.0'B."+./7/0O(K'*1V.^",.K)7/.(".&/(.'(.1".)*B.&'7/.O",0.&'+/*!_Q8P!Q#-*!SEc!\R`!

HO#!,#N#((%23!09!#5-'+N%,?!NO+,?#!%(!'#9#''#>!20!%,!?,(.O",.K)7/.(".$"7/."**!B,!0'>#'!20!50$#!0,!%2!%(!,#N#((+'3!20!:#2!?0P!+(!%,!^",.K)7/.(".&/(.'(.1".)*B.&'7/.O",0.&'+/*!HO#!%,2#'$%#&##!>#(N'%-#(!2O#!(0:72%0,!(O#!O+(!907,>!5+;%,?!%2!60((%-:#!90'!O#'!20!50$#!0,h!(O#!?#2(!'%>!09!+::!,#&(6+6#'(!N722%,?!N0,N#',%,?!2O#!N'+(OP!D.0/5L/*(&O.1"(. 0'B."+./7/0O(K'*1*! B,! 2O+2! (35-0:%N!+N2%0,!(O#! '%>(!O#'(#:9!09! 2O#!N0,.N'#2#! '#5%,>#'(! 09! 2O#! N'+(O! +,>! 2O#! +N2!5+3! +:(0! O#:6! O#'! 20! :+3! O#'! 6#'(0,+:!5#50'%#(!09!%2!20!'#(2*!H0!50$#!0,!+92#'!+!2'+75+2%e%,?!+NN%>#,2!5+3!5#+,!O+$%,?!20! :#2! -02O! 2O#!5#50'%#(! 09! %2P! +,>! 2O#!5#5#,20#(! 9'05! %2P! ?0*! B,! 2O#! #d+56:#!+-0$#P!2O#!%,2#'$%#&##f(!5#50'%#(!+'#!2'%??#'#>!-3!,#&(!%2#5(!09!6:+,#!N'+(O#(!n!(7NO!#$#,2(! 9'05!+,3&O#'#! %,! 2O#!&0':>!&%::! %,#$%2+-:#!-#!-'0+>N+(2*!<+2NO%,?!9%N2%0,!:%;#!2O#!#6%(0>#(!09!F"#(9:!5+3!,02!O+$#!-##,!+!&%(#!>#N%(%0,!#%2O#'*!8O#!'#+:%e#(!2O+2!#$#'3>+3!:%9#!%(!50'#!%560'2+,2!2O+,!+,!+NN%>#,2!%,!2O#!6+(2P!O0&#$#'!2'+75+2%Nh!^",.K)7/. ("! s***t! &'7/. O",0. &'+/*!L,:3! 2O#,! N+,! (O#! '#?+%,! N0,2'0:! +,>!:%$#!&%2O072!9#+'*!!

HO%(! (7-NO+62#'! O+(! >#+:2! &%2O! 2O#! '#6#'20%'#! 09! '#?+%,%,?! N0,2'0:! 907,>! %,! 2O#!9#+27'#!(20'%#(!09!!"#$"%"&'()*P! %,!&O%NO!2O#!5+?+e%,#!099#'(!(7??#(2%0,(!%,!2O#!90'5!09!#d+56:#(!90'!O0&!2O#!!"#$".1'0&!N+,!'#?+%,!N0,2'0:*!B2!(7??#(2(!O0&!(O#!N+,!'#.%,$#,2!O#'(#:9!+,>!'#.#(2+-:%(O!2O#!%>#+:!6#'90'5+,N#!09!O#'!9#5%,%,%23*!8O#!5+3!,0!:0,?#'!O+$#!+(!57NO!#56O+(%(!0,!+,*P!-72!(O#!&%::!-#!+/)0&/##P!+,>!50(2!>#N%>#>:3!+!!"#$".1'0&*!HO#!#d+56:#(!6'0$%>#>!-3!2O#!5+?+e%,#!>#(N'%-#>!(0:7.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!US!! /,!/5#'%N+,! 2#:#$%(%0,! (#'%#(! +-072! +!6:+,#!N'+(O! %,! 2O#!8072O!C+N%9%N! +,>! 2O#! :%$#(!09! 2O#!

(7'$%$0'(!0,!+,! %(:+,>!&O%NO! %(! _60((%-:3`!7,%,O+-%2#>*!HO#!(#'%#(!#,>#>! %,!M+3!USFS!+92#'!'7,,%,?!90'!(%d!(#+(0,(*!!

FRE!!!8L().M)#)/*#')!

!

2%0,(!2O'07?O!2O#!2O#5#(!09!9%,>%,?!N:0(7'#!+,>!50$%,?!0,*!HO#!2O#5#!09!9%,>%,?!N:0(7'#!&+(!:%,;#>!20!(0:%N%2%,?!#d6#'2!O#:6P!2+;%,?!+N2%0,!+,>!5+;%,?!>#N%(%0,(*!HO#!2O#5#!09!50$%,?!0,!&+(!:%,;#>!20!(7660'2!9'05!9+5%:3!+,>!9'%#,>(P!+,>!9%,>.%,?!'#N0,N%:%+2%0,*!!

HO#!#d+56:#(!k702#>!%,!2O%(!(7-NO+62#'!%::7(2'+2#!O0&!2O#!5+?+e%,#!%,N0'60'+2#(!2O#!5#>%+2#>!(6##NO!09!2O#!%,2#'$%#&##(!20!(2'#,?2O#,!%2(!>05%,+,2!>%(N07'(#*!HO#!W07',+:%(2%N!NO0%N#(!09!2O#!5+?+e%,#!6'0502#!(20'%#(!09!O0&!2'07-:#!%(!0$#'N05#P!+,>!099#'(!2O#!#d6#'%#,N#(!09!2O#!%,2#'$%#&##(!+(!#d+56:#(!09!60((%-:#!(0:72%0,(*!HO#'#-3P! 2O#!NO+::#,?%,?!>%(N07'(#!09! 2'07-:#! %(!,#72'+:%e#>P!+::0&%,?!2O#!5+?+.e%,#f(!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23!20!6'#$+%:*!

]*]! 8755+'3!

HO%(!NO+62#'!O+(!>#+:2!&%2O!2O#!>%(N07'(#(!%>#,2%9%#>!%,!2O#!9#+27'#!(20'%#(!09!!"#5$"%"&'()*!1J!USSE!+,>!USSVP!2O+2!09!2'07-:#!+,>!2O+2!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&! 9#5%,%,%23*!HO#!>%(N07'(#!09! 2'07-:#!&+(! 907,>! 20!NO+::#,?#! 2O#!>05%,+,2!>%(N07'(#!09!2O#!5+?+e%,#*!HO#!NO+62#'!O+(!+,(&#'#>!'#(#+'NO!k7#(2%0,!U! N0,N#',%,?! 2O#!>%(N07'(#(! %,2'0>7N#>! %,! 2O#! 9#+27'#! (20'%#(! +,>! 2O#%'! 97,N2%0,*!HO#!>%(N07'(#!09! 2'07-:#!&+(! %>#,2%9%#>P!N0,(%(2%,?!09!'#6#'20%'#(!(7NO!+(! 2O+2!09!2O#! 6'%N#! 09! N0,(75#'%(5P! 2O'#+2(! 20! 2O#! :%9#(23:#! 09! 2O#! !"#$". 1'0&! +,>P! +,>!2O'#+2(!20!O#'!6#'(0,+:!(+9#23P!&O%NO!+::!NO+::#,?#>!'#6#'20%'#(!9'05!2O#!>05%,+,2!>%(N07'(#*!HO#!>%(N07'(#!09!2'07-:#!&+(P!%,!27',P!NO+::#,?#>!-3!+!,#&!'#6#'20%'#P!2O+2!09!'#?+%,%,?!N0,2'0:*!B,!2O+2!'#6#'20%'#!2O#!5+?+e%,#!099#'#>!(0:72%0,(!90'!O0&!20!>#+:!&%2O! 2'07-:#P!7(%,?! 2O#!#d6#'%#,N#(!09!&05#,! %,2#'$%#&#>! %,! 2O#! 9#+27'#!(20'%#(!+(!#d+56:#(*!

HO#! NO+62#'! (O0&#>! O0&! 2O#! !"#$"%"&'()*! %>#0:0?3! %,2#'$#,#(! 20! ,#72'+:%e#!2O'#+2(!+%5#>!+2!2O#!%>#+:!6#'90'5+,N#!09!!"#$".1'0&!9#5%,%,%23*!HO#!>%(N07'(#!09!2O#!!"#$".1'0&-.+,>!O#'!:%9#(23:#!-+(#>!%,!N0,(7562%0,P!O+(!20!-#!5+%,2+%,#>!(%,N#!2O#!(7NN#((!09! 2O#!5+?+e%,#!+(!+!-7(%,#((!$#,27'#!>#6#,>(!0,! %2*!/:'#+>3! %,! 2O#!#>%20'%+:(P! 2O#! '#6#'20%'#! 09! 2'07-:#! 6'#6+'#>! 2O#!!"#$". 1'0&! 90'!5%(90'27,#! +,>!2+7?O2!O#'!20!+$0%>!>+,?#'(*!B2!#d6:%N%2:3!>#(N'%-#>!(%27+2%0,(!&O#'#!+!&05+,!>0#(!,02!O+$#!N0,2'0:P! (7NO!+(! 9+::%,?!$%N2%5!20!'+6#!0'! %::,#((#(*! B2!+:(0!099#'#>! %,>%.$%>7+:! #d+56:#(!09!&05#,!+(!-#%,?!+N2#>!760,!&O%NO!&#'#!,02! %,! :%,#!&%2O!+,!%>#+:!6#'90'5+,N#!09!!"#$".1'0&!9#5%,%,%23*!!

HO#!&05#,! %,2#'$%#&#>! %,! 2O#!9#+27'#!(20'%#(!0NN+(%0,+::3!7(#>! 2O#!(+5#!'#6#'.20%'#(!20!>#(N'%-#!2O#%'!:%$#(!2O+2!2O#!#>%20'(!7(#>!%,!2O#%'!#>%20'%+:(h!2O#3!&#'#!%,.>#6#,>#,2P!2O#3!O+>!NO0%N#!%,!2O#%'!6#'(0,+:!+,>!6'09#((%0,+:!:%9#!+,>!N0,2'0:!0$#'!%2*![%;#! 2O#!!"#$".1'0&P! 2O#3!+:(0!#,W03#>! 2O#%'! :%9#(23:#P! 2O#%'! (7NN#((!+,>! 2O#%'!

! 8L().M)#)/*#')!!!FR]!

! !

N+'##'(P!+(!&#::!+(! 2O#!N056+,3!09!9+5%:3!+,>!9'%#,>(*!@#$#'2O#:#((P! 2O#!&05#,!%,2#'$%#&#>!+:(0! %,2'0>7N#>! +!&O0:#!>%(N07'(#!09! 2'07-:#P! +,! #:+-0'+2%0,!0,! 2O#!'#6#'20%'#! 09! 2'07-:#! O%,2#>! +2! %,! 2O#! #>%20'%+:(*!H'07-:#! %,(#'2#>! %2(#:9! %,20! 2O#%'!:%$#(! +,>!76(#2! 2O#%'! -+:+,N#*!HO#3!&#'#!,0! :0,?#'! %,! N0,2'0:! 09! 2O#%'! :%$#(h! %,.(2#+>P!2O#3!&#'#!(7-W#N2#>!20!+,>!$%N2%5%e#>!-3!2O#!+N2%0,(!09!02O#'!6#06:#*!

HO#!5+?+e%,#! +,>! %2(! >#(N'%62%0,(! 09!&05#,! -#%,?! +N2#>! 760,! O%?O:%?O2#>! 2O#!%560'2+,N#!09!9%,>%,?!(0:72%0,(!20!'#?+%,!N0,2'0:h!2O%(!%(!2O#!%,>#6#,>#,N#!09!2O#!!"#$". 1'0&*!@#$#'2O#:#((P! +:'#+>3! %,! 2O#! #>%20'%+:(! 2O#'#!&#'#! '#9#'#,N#(! 20! 2O#!60((%-%:%23!09! '#N0$#'3! +92#'! :0((!09! N0,2'0:*!Q0'! %,(2+,N#P! 2O#! +>$%N#!?%$#,! (7?.?#(2#>! 20! 2O#!!"#$"!1'0&!mO0&!20!-07,N#!-+N;!9'05!#$#'32O%,?b!_!"#$"%"&'()*!1JP!I>%20'%+:!M+'NO!USSE`*!8%?,%9%N+,2:3P!2O#!#>%20'%+:!'#9#''#>!20!+!9#+27'#!(20'3!%,!2O+2!%((7#!#,+-:%,?!2O#!5+?+e%,#!20!7(#!%2!+(!+,!#d+56:#!09!+!60((%-:#!(0:72%0,!90'!O0&!20!'#?+%,!N0,2'0:*!

B,!2O#!9#+27'#!(20'%#(P!2O#!%,2#'$%#&##(!'#(0'2#>!20!2O#!'#6#'20%'#!09!'#?+%,%,?!N0,.2'0:! 20! >#(N'%-#! 2O#! $+'%07(!5#+,(! 2O#3! O+>! 7(#>! 20! 0$#'N05#! 6'0-:#5(*! HO#(#!5#+,(!&#'#!907,>!%,!2O#!2O#5#(!09!9%,>%,?!N:0(7'#!+,>!50$%,?!0,*!HO#!&05#,!O+>! 907,>!N:0(7'#!-3! (##;%,?!6'09#((%0,+:!O#:6P! 2+;%,?!+N2%0,!+,>!5+;%,?!>#N%.(%0,(*!HO#! %560'2+,N#! 09!50$%,?! 0,!&+(! #56O+(%e#>! +,>! 2O#! '0+>! 20! 2O+2! ?0+:!&+(!>#(N'%-#>!+(!+!:#+',%,?!6'0N#((*!!

B,!2O#!9#+27'#(!(20'%#(P!2O#!+/)0&/##!6+'2!09!2O#!+,*-.+/)0&/##.+/$)&/#!200;!2O#!9'0,2!(#+2*!HO#!9#+27'#!(20'%#(!(O0&#>!2O+2!%2!%(!60((%-:#!90'!+!&05+,!20!'#.%,$#,2!O#'.(#:9! +(! +!!"#$".1'0&h! (O#!&%::! ,02!-#! #d+N2:3! 2O#!6#'(0,! (O#!&+(!-#90'#! 2'07-:#!-#9#::!O#'P!(O#!&%::!-#!&%(#'!+,>!+/)0&/##*!HO#!&05#,!>#(N'%-#>!O0&!2O#!6'0N#((.#(!200;!2%5#!+,>!'#k7%'#>!#990'2h!%2!&+(!,02!5#'#:3!+!k7#(2%0,!09![",*Ls%,?t![)L].+0"$./7/0O(K'*1*!1,:%;#!2O#!!"#$"!1'0&P!2O#!%,2#'$%#&##(!>%>!,02!N0,(2'7N2!2O#5.(#:$#(!+(!(#:9.(799%N%#,2*!<O#,!%,!,##>P!2O#3!27',#>!20!2O#%'!:0$#>!0,#(h!6+'2,#'(P!9'%#,>(! +,>! 9+5%:3*!<O%:#! 2O#!!"#$"!1'0&! 09! 2O#! #>%20'%+:(!&+(! (#:9.N#,2'#>! +,>!0,:3!%,!2O#0'3!>#(N'%-#>!&O+2!%2!5#+,2!20!-#!+!9'%#,>P!2O#!%,2#'$%#&##(!'#9#''#>!20!6#'(0,+:! #d6#'%#,N#(! 09! O+$%,?! '#N#%$#>! (7660'2*! B,! :%9#! %,! 2O#! (%27+2#>! &0':>P!9'%#,>(!O+>!(200>!76!90'!2O#5P!6+'2,#'(!O+>!(7660'2#>!2O#5P!9+5%:3!5#5-#'(!O+>!?+2O#'#>!+'07,>!2O#5*!87660'2!&+(!&O+2!O#:6#>!2O#!&05#,!20!(2+'2!'#N0,(2'7N2%,?!2O#%'!:%$#(*!!

Q%,+::3P!%,!+,(&#'!20!'#(#+'NO!k7#(2%0,!RP!2O#!9%,>%,?(!(O0&#>!2O+2!!"#$"%"&'()*!>%>P!%,!9+N2P!'#>7N#!2O#!%((7#!09!%2(!>05%,+,2!>%(N07'(#!+,>!N056#2%,?!>%(N07'(#(!20!+!6'0-:#5.(0:72%0,!(NO#5+*!HO#!m6'0-:#5b!&+(!2'07-:#!+(!>#(N'%-#>!%,!2O#!>%(.N07'(#!09! 2'07-:#!+,>! %2(! '#6#'20%'#(*!HO#!m(0:72%0,b!&+(! 2O#! '#.%,$#,2%0,!09! 2O#!40(50!?%':!+(!>#(N'%-#>!%,!2O#!'#6#'20%'#!09!'#?+%,%,?!N0,2'0:*!D0&#$#'P!2O#!9%,>.%,?(!+:(0!(O0&#>!2O+2!2O#!5+?+e%,#!&+(!7,+-:#!20!(7??#(2!(0:72%0,(!90'!+::!6'0-.

FRV!!!8L().M)#)/*#')!

!

:#5(*!80:72%0,(!&#'#!099#'#>!%,!'#:+2%0,!20!6#'(0,+:!#d6#'%#,N#(!(7NO!+(!-#2'+3+:!+,>!(#d7+:!+((+7:2P!-72!,02!20!%((7#(!%,!(0N%#23!(7NO!+(!(#d%(5P!&0';6:+N#!O+'+((.5#,2P!0'!>'%,;%,?!6'0-:#5(*!

HO#!5+?+e%,#!+::0&#>!90'! 2O#! %,2'0>7N2%0,!09! 2O#!>%(N07'(#!09! 2'07-:#P!+:2O07?O!2O%(! >%(N07'(#! O+>! 2O#! +-%:%23! 20! NO+::#,?#! 2O#! >05%,+,2! >%(N07'(#! 09! 2O#!5+?+.e%,#*! HO+2! >#N%(%0,!&+(! (#:#N2%$#P! (%,N#! %2!&+(! +! >%(N07'(#!&O%NO! 2O#!5+?+e%,#!&07:>!-#!+-:#!20!,#72'+:%e#P!&O%:#!%2!&07:>!,02!O+$#!-##,!+-:#!20!,#72'+:%e#!>%(.N07'(#(!(7NO!+(!2O0(#!09!?#,>#'!#k7+:%23P!,0,.N0,(75#'%(5P!(7(2+%,+-:#!>#$#:06.5#,2P!0'!?:0-+:! (0:%>+'%23*!HO#!5+?+e%,#!+66#+'(! 20!O+$#!+!67'60(#!&O#,! %,2'0.>7N%,?!2O+2!6+'2%N7:+'!>%(N07'(#c!20!,#72'+:%e#!%2!+,>P!+(!+!'#(7:2P!(2'#,?2O#,!%2(!0&,!>05%,+,2! >%(N07'(#*! 8%57:2+,#07(:3P! %2! &#:N05#>! 2O#!!"#$". 1'0&P! +:2O07?O! ,0!:0,?#'!2O#!(+5#P!-+N;!20!2O#!(3,2O#2%N!(%(2#'O00>*!

<O%:#! 0,! +! >%(N07'(#! :#$#:P! 2O#! >%(N07'(#! 09! 2'07-:#! NO+::#,?#>! 2O#!5+?+e%,#f(!>05%,+,2!>%(N07'(#!09! 2O#! %>#+:!6#'90'5+,N#!09! 2O#!!"#$".1'0&P! 0,! 2O#! :#$#:!09!'#6#'20%'#(P!2O0(#!09!2O#!6'%N#!09!N0,(75#'%(5P!2O'#+2(!20!2O#!!"#$".1'0&!:%9#(23:#P!+,>! 2O'#+2(! 20!6#'(0,+:!(+9#23!NO+::#,?#>! 2O#!'#6#'20%'#(!09! %,>#6#,>#,N#P!6:#+(.7'#P!N0,(75#'%(5P!+,>!9'%#,>(O%6*!HO#3!&#'#P!%,!27',P!NO+::#,?#>!-3!2O#!'#6#'20%'#!09!'#?+%,%,?!N0,2'0:*!HO#!5#+,(!09!'#?+%,%,?!N0,2'0:!&#'#!(7??#(2#>!2O'07?O!2O#!#d+56:#(!97,>!%,!2O#!9#+27'#!(20'%#(!+,>!099#'#>!20!2O#!'#+>#'(!%,!2O#!&+3!+>$%N#!%(!099#'#>! %,! 6'0-:#5.(0:72%0,! 2#d2(*! HO#(#! #d+56:#(!&#'#! 6'#(#,2#>! +(! (0:72%0,(P!&O%NO!(7660'2#>!2O#!5+?+e%,#f(!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&! +,>! '#.#(2+-:%(O#>! 2O+2! >05%,+,2! >%(N07'(#*! 40,(#k7#,2:3P! 20! 2O#!5+?+e%,#!2O#!N056#2%,?!>%(N07'(#(!&#'#! %,>##>!6'0-:#5(P!&O%NO!&#'#!>#+:2!&%2O! 2O'07?O!%,N:7(%0,!+,>!N0,2#(2+2%0,!'#(7:2%,?!%,!2O#!'#(20'+2%0,!09!>05%,+,N#P!+,>!2O#'#-3!(0:$#>*!HO#!5#((+?#!09! 2O#!5+?+e%,#! 20! %2(! '#+>#'(!&+(! 2O+2!+!&05+,!N07:>!'#.%,$#,2!O#'(#:9!+92#'!O+$%,?!?0,#! 2O'07?O!O+'>(O%6*!HO%(P! %,>##>P!&+(!&O+2!5+>#!O#'!+!(7'$%$0'P!+!!"#$"!1'0&*!

B,!&O+2!90::0&(P!2O#!5#2O0>0:0?3!7(#>!%,!2O%(!N7''#,2!2O#(%(!&%::!-#!#$+:7+2#>!+,>!2O#!%56:%N+2%0,(!09!2O#!9%,>%,?(!&%::!-#!>%(N7((#>*!

! 8L().M)#)/*#')!!!FR\!

! !

V! 4L@4[18BL@8!

HO#! 6'#(#,2! 2O#(%(! %,$#(2%?+2#>! O0&!!"#$"%"&'()*!1J! %,N:7>#(! N056#2%,?! >%(.N07'(#(!20!2O#!>05%,+,2!0,#!09!2O#!!"#$".1'0&!+,>!O0&!%2!N:0(#(!2O#!?+6!-#2&##,!2O#! 2&0*! HO#! 5#2O0>! &+(! '#6#'20%'#! +,+:3(%(! -+(#>! 0,! C022#'! +,>! <#2O#'#::!_FZ^\`P!<#2O#'#::!+,>!C022#'!_FZ^^`P!K%:-#'2!+,>!M7:;+3!_FZ^E`P!+,>!G0;%,#,!#2!+:*!_FZZR`*!B,!N0,2'+(2!20!6'#$%07(!'#(#+'NO!%,!2O%(!+'#+!_D#'5#(!FZZ]h!M+NO%,!q!$+,![##7&#,!USSR`P!2O%(!(27>3!N0,N#,2'+2#>!0,!N056#2%,?!>%(N07'(#(!%,2'0>7N#>!-3!2O#!5+?+e%,#!%2(#:9*!<O#'#+(!6'%0'!&0';!_D#'5#(!FZZ]`!N0,N#,2'+2#>!0,!O0&!'#+>#'(!7,>#'(200>!+,>!,#?02%+2#>!2O#!7(#!09!2O#!+>$%N#!09!+!5+?+e%,#P!2O#!6'#(#,2!(27>3!90N7(#>!0,!2O#!N0,2#d2!%,!&O%NO!+,>!&O+2!+>$%N#!!"#$"%"&'()*!1J!099#'(!20!-'%,?!2O#!N056#2%,?!>%(N07'(#(!%,!:%,#!&%2O!2O#!>05%,+,2!0,#*!B,!+>>%2%0,P!N0,.2'+'3! 20! #+':%#'! '#(#+'NO! _M+NO%,!q! $+,! [##7&#,! USSR`P!&O%NO! 90N7(#>! 0,! 2O#!6'0-:#5.(0:72%0,! (NO#5+(!+(!+! '#N7''%,?! (2'7N27'#! %,!+'2%N:#(! %,!&05#,f(!5+?+.e%,#(P!2O#!%,2'0>7N2%0,!09!N056#2%,?!>%(N07'(#(!%,!2O#!6'#(#,2!(27>3!5+>#!%2!60(.(%-:#! 20!$%#&! 2O#! +>$%N#!099#'#>! 20! 2O#! '#+>#'! +(! (2'+2#?%N!50$#(! 2O+2! '#27',! 2O#!'#+>#'!20!2O#!!"#$"!&0':>*!

HO#!(2+'2%,?!60%,2!09!2O%(!(27>3!&+(!2O#!#>%20'%+:(P!+!90'75!&O#'#!2O#!'#+>#'(!+,>!2O#!#>%20'(!5#2!+,>!(O+'#>!2O#!$+:7#(!+,>!+22%27>#(!N0,(2'7N2#>!+(!-#:0,?%,?!20!2O#!%>#+:! 6#'90'5+,N#! 09!!"#$".1'0&. 9#5%,%,%23*!HO#3! +::! 6:#>?#>! +::#?%+,N#! 20! O#'!-#O+$%07'! +,>!O#'! :%9#(23:#*!M0$%,?!0,! 20! 2O#! 9#+27'#! (20'%#(P! %2! -#N+5#!#$%>#,2!2O+2!2O#!!"#$".1'0&!N07:>P!,#$#'2O#:#((P!#,N07,2#'!2'07-:#!%,!:%9#*!<O#,!(O#!907,>!O#'(#:9!%,!+!N'%(%(P!(O#!$+:7#>!9+5%:3!2%#(!+,>!'#:+2%0,(O%6(!50'#!2O+,!50,#3!+,>!+!N+'##'*!HO#!5+?+e%,#! N0,(2'7N2#>! 2O#(#! k7+:%2%#(! +(! 2O#! 9+N20'!&O%NO! %,! 2O#! #,>!#,+-:#>! 2O#!&05#,! %,! 2O#! 9#+27'#! (20'%#(! 20! '#(0:$#! 2O#%'! 6'0-:#5(!+,>!#5#'?#P!0,N#!50'#P!+(!!"#$"!1'0&(*!HO#3!O+>!'#.%,$#,2#>!2O#5(#:$#(P!+,>!'#?+%,#>!N0,.2'0:*!HO%(P!%9!+,32O%,?P!&+(!%,!2O#!(6%'%2!09!+!2'7#!!"#$"!1'0&*!B,!2O#!#>%20'%+:(P!2O#!+,*!6+'2!09!2O#!+,*-.+/)0&/##.+/$)&/#!200;!2O#!9'0,2!(#+2P!&O%:#!%,!2O#!9#+27'#!(20'%#(P!2O#!+/)0&/##!6+'2!>05%,+2#>*!

HO#!+((7562%$#!O3602O#(%(!09!2O%(!2O#(%(!O+(!-##,!2O+2!#>%20'%+:(!+,>!9#+27'#!(20.'%#(! +'#! #,?+?#>! %,! +! >%+:0?7#! 09! N056#2%,?! >%(N07'(#(P! +,>! 2O+2!!"#$"%"&'()*!(2'%$#(!20!-'%,?!2O#(#!>%(N07'(#(!%,20!:%,#!&%2O!%2(!>05%,+,2!>%(N07'(#!09!2O#!!"#5$"!1'0&*!H0!2O%(!67'60(#P!2O#!5+?+e%,#!(#:#N2%$#:3!%,2'0>7N#(!N056#2%,?!>%(N07'(.#(!9'05!+50,?!2O#!0,#(!09!%,2#'#(2!20!2O#!'#+>#'(O%6!09!!"#$"%"&'()*P!&O%:#!#,.(7'%,?!2O+2! 2O#3!+'#!>%(N07'(#(!&O%NO!N+,!-#!>#+:2!&%2O*!HO#%'! %,N:7(%0,!%(!502%.$+2#>!-3!2O#!,##>!09!+72O#,2%N+2%0,P!-72!2O#3!+:(0!,##>!20!-#!(0:$#>P!+((7'%,?!2O#!'#+>#'! 2O+2! m&#! ;,0&!&O+2! 307'! :%9#! N+,! -#! :%;#bP! +,>! 307'! :%9#! N+,! 9%,+::3! -#!-'07?O2! %,20! :%,#!&%2O! 2O#! %>#+:! 6#'90'5+,N#! 09! +!!"#$".1'0&*! B9! 2O#! N056#2%,?!>%(N07'(#!&#'#!20!-#!:#92!&%2O072!'#972+2%0,P!+,>!2O#!6'0-:#5(!20!'#5+%,!7,(0:$#>P!

FR^!!!8L().M)#)/*#')!

!

2O#!>05%,+,2!>%(N07'(#!&07:>!-#!>#N0,(2'7N2#>*!HO#!+((7562%$#!O3602O#(%(!'0(#!072!09!2O#!,02%0,!2O+2!!"#$"%"&'()*!0,!2O#!5+N'0.:#$#:!'#>7N#(!>%99%N7:2%#(!%,!%,.>%$%>7+:! :%$#(! 20! 2O#! p6'0-:#5.(0:72%0,f! 9'+5#! 09! +>$%N#! N0:75,(! >#(N'%-#>! -3!M+NO%,!+,>!$+,![##7&#,!_USSEc!FF^`*!HO%(!%(!>0,#!%,!+!&+3!(%5%:+'!20!2O#!&+3!2O%(!(NO#5+!%(!7(#>!%,!%,>%$%>7+:!(20'%#(!%,!2O#!5+?+e%,#*!HO#!(20'%#(!099#'!+>$%N#!%,!2O#!90'5!09!+N2%0,(!0'!(;%::(!&O%NO!6'0$%>#!(0:72%0,(!20!2O#!6'0-:#5(*!!

B,!0'>#'!20!2#(2!2O#!O3602O#(%(!2O#!90::0&%,?!2O'##!'#(#+'NO!k7#(2%0,(!&#'#!60(#>*!

F`! <O+2!>%(N07'(#(!09!6#'90'5+,N#(!09!2O#!!"#$"!1'0&!+'#!%,2'0>7N#>!%,!2O#!#>%20'%+:(!+,>!&O+2!%(!2O#%'!97,N2%0,!_>05%,+,2P!N056#2%,?`r!!

U`! <O+2!>%(N07'(#(!09!6#'90'5+,N#(!+'#! %,2'0>7N#>! %,! 2O#! 9#+27'#! (20'%#(r!D0&!O+$#! 2O#3!-##,!(#:#N2#>!&%2O!'#9#'#,N#! 20! 2O#!>05%,+,2!>%(N07'(#!_90'!#d+56:#P!N+,!2O#3!-#!-'07?O2!%,20!:%,#!&%2O!2O#!>05%,+,2!>%(N07'(#`!+,>!+:(0!2O#!(%27+2#>!&0':>!09!2O#!'#+>#'(O%6r!

R`! D0&!>0#(!2O#!5+?+e%,#!>#+:!&%2O!N056#2%,?!>%(N07'(#(r!/'#!2O#3!5+>#!N056+2%-:#!&%2O!2O#!>05%,+,2!>%(N07'(#r!4+,!2O#!(#2.76!09!+!N056#2%,?!>%(N07'(#!+,>!%2(!,#72'+:%e+2%0,!-#!'#>7N#>!20!2O#!6'0-:#5.(0:72%0,!6+2.2#',r!

HO#! >+2+! 90'! 2O#! (27>3! N0,(%(2#>! 09! 2O#! 2&#:$#!USSE! #>%20'%+:(! 09!!"#$"%"&'()*!1J! #>%2%0,! +,>! E^! 9#+27'#! (20'%#(! 9'05!!"#$"%"&'()*!1J! USSE! +,>! USSV*! HO#!#>%20'%+:(!&#'#!&'%22#,!-3!2O'##!(#6+'+2#!#>%20'(!>7'%,?!2O#!(6+,!09!0,#!3#+'*!HO#!206%N(! >#+:2!&%2O! '+,?#>! 9'05! +>$%N#! 0,! 2O#! -0>3P! N0,(75#'! ?00>(P! +,>! (0N%+:!,#2&0';(! 20! >#9%,%2%0,(! 09! 2O#!5#+,%,?! 09! 9#5%,%(5! 20>+3P! +(!&#::! +(! N+::(! 90'!(7660'2! 90'! 2O#!5+?+e%,#f(!N+56+%?,(! :%;#! 2O#!0,#! 20!(206!'+6%(2(*!HO#!N0550,!>#,05%,+20'!09!2O#!9#+27'#!(20'%#(!&+(!2O+2!2O#3!&#'#!O75+,.%,2#'#(2!(20'%#(P!2O+2!%(P!(#:9.,+''+2%$#(!-+(#>!0,!2O#!6#'(0,+:!#d6#'%#,N#!09!&05#,!%,2#'$%#&#>*!!

HO#!2O#0'#2%N+:!9'+5#&0';!09!2O%(!2O#(%(!&+(!4'%2%N+:!)%(N07'(#!/,+:3(%(!+,>!2O#!5#2O0>!7(#>!&%2O%,!2O%(!9'+5#&0';!&+(!'#6#'20%'#!+,+:3(%(!90::0&%,?!C022#'!+,>!<#2O#'#::! _FZ^\`P!<#2O#'#::! +,>!C022#'! _FZ^^`P!+,>!D#'5#(! _FZZ]`*!HO#!N#,2'+:!N0,N#62(!&#'#!>%(N07'(#P!'#6#'20%'#(P!+,>!2O#5#(*!)%(N07'(#!&+(!7,>#'(200>!20!-#!2O#! N0,(2'7N2%0,! 09! '#+:%23*! /! >%(N07'(#! N0,(%(2#>! 09! (#$#'+:! %,2#'+N2%,?! '#6#'.20%'#(P!+,>!+!'#6#'20%'#!&+(!90'5#>!-3!(#$#'+:!'#:+2#>!+,>!'#N7''%,?!2O#5#(*!HO#!'#6#'20%'#!+,+:3(%(!&+(!N0,>7N2#>!%,!+!(%5%:+'!&+3!0,!-02O!2O#!#>%20'%+:(!+,>!2O#!9#+27'#!(20'%#(*!HO#!>#(N'%62%0,!09!2O#!!"#$".1'0&!9#5%,%,%23!&+(!+,+:3e#>!5+%,:3!9'05!2O#!60%,2!09!$%#&!09!2O#!>05%,+,2!'#+>%,?!%,!2O#!&+3!(7??#(2#>!-3!!"#$"5%"&'()*P!:#+$%,?!60((%-:#!'#(%(2+,2!+,>!,#?02%+2#>!'#+>%,?(!072(%>#!2O#!(N06#!09!2O#!(27>3*!!

! 8L().M)#)/*#')!!!FRZ!

! !

HO#!5#2O0>0:0?3!7(#>!%(!06#,.#,>#>!+,>!:#,>(!%2(#:9!20!+>+62+2%0,(!>#6#,>%,?!0,!2O#!6#'(6#N2%$#!9'05!&O%NO!+!'#(#+'NO#'!5%?O2!&+,2!20!+66'0+NO!O#'!5+2#'%+:*!/(!=:055+#'2!_USS]cUF`!60%,2(!072P!4)/!%(!,02!+(!+!5#2O0>0:0?3!%,!%2(#:9P!-72!'+2O#'!+!N'%2%N+:!6#'(6#N2%$#!09! :00;%,?!+2! :+,?7+?#!%,!(0N%#23*!HO#!%,2#'>%(N%6:%,+'3!,+.27'#!09!4)/!'#k7%'#(!2O#!'#(#+'NO#'!20!#(2+-:%(O!(7NO!+!6#'(6#N2%$#!+,>!NO00(#!+,!+66'0+NO!(7%2#>!20!O#'!6+'2%N7:+'!9%#:>!09!'#(#+'NO*!4)/!>0#(!,02!9+$07'!+!(6#N%9%N!5#2O0>!09!+,+:3(%(P!+:2O07?O!(05#!'#(#+'NO#'(!_+50,?!2O#5!Q+%'N:07?O`!N0,(%>#'!83(2#5%N!Q7,N2%0,+:![%,?7%(2%N(!+(!+!60((%-:#!6'0$%>#'!09!200:(!09!+,+:3(%(*!@#$#'.2O#:#((P! 2O#!5#2O0>0:0?3!7(#>!%,!2O%(!(27>3!5+3!-#!N'%2%N%e#>!90'!2O#!'%NO,#((!09!2O#! 2#'5%,0:0?3! %,2'0>7N#>*! HO#! 2O'##! :#$#:(! m>%(N07'(#bP! m'#6#'20%'#(bP! +,>!m2O#5#(b!N0,(2%272#!+!O%#'+'NO3!&O#'#! '#6#'20%'#(! '#6'#(#,2! 2O#!5+%,! :#$#:c! 2O#3!90'5!+!>%(N07'(#P!-72!+'#!%,!27',!90'5#>!-3!2O#!(5+::#'!7,%2(P!2O#5#(*!HO%(!m(2#6.:+>>#'b!09!N0,N#62(!&+(!%,2'0>7N#>!20!(7??#(2!0,#!&+3!09!+66'0+NO%,?!'#6#'20%'#!+,+:3(%(! &%2O%,! N'%2%N+:! >%(N07'(#! +,+:3(%(*! Ik7+::3P! 2O#%'! %,2'0>7N2%0,! (#'$#>! 20!%::7(2'+2#!O0&!2O#!&'%2#'!60(%2%0,#>!O#'(#:9!%,!'#?+'>!20!02O#'!+$+%:+-:#!5#2O0>(!09!>%(N07'(#!+,+:3(%(*!!

HO#!+>$+,2+?#!09! 2O#!5#2O0>!09! '#6#'20%'#!+,+:3(%(!7(#>! %,! 2O%(! (27>3! :%#(! %,! %2(!#d+N2,#((*! B2! +::0&#>! 9%,>%,?(! 20!-#! 2%#>! 20! (6#N%9%N! :%,?7%(2%N(! #:#5#,2(! (7NO!+(!&0'>(!+,>!#d6'#((%0,(P!&O%NO!N0,(2%272#!2O#!2O#5#(!09!2O#!'#6#'20%'#(!%,!2O#!2#d2(*!HO#!2O#5#(!N07:>!-#!(O0&,!20!'#N7'!20!90'5!'#6#'20%'#(!+,>!2O#!'#6#'20%'#(!%,!27',!N07:>!-#!(O0&,!20!-7%:>!+!(6#N%9%N!>%(N07'(#P!(7NO!+(!2O+2!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23!+,>!2O+2!09!2'07-:#*!HO%(!5#2O0>!09!'#6#'20%'#!+,+:3.(%(!%(!+66:%N+-:#!&%2O%,!+'#+(!09!'#(#+'NO!>#+:%,?!&%2O!,0,.9%N2%0,!,+''+2%$#(!(7NO!+(!5#>%+!2#d2(!+,>!(#:9.,+''+2%$#(!N0::#N2#>!90'!'#(#+'NO!67'60(#(*!!

HO#!(27>3!6'0N##>#>!+NN0'>%,?!20!2O#!2#,!(2+?#(!09!2O#!'#6#'20%'#!+,+:3(%(!6'0N#((!09!C022#'!+,>!<#2O#'#::!_FZ^\c!FVS.F\V`*!HO#!9%'(2!(2+?#!N0,(%(2#>!09!2O#!(#22%,?!09!2O#! '#(#+'NO!k7#(2%0,(P! (2+?#! 2&0!09! (#:#N2%,?! 2O#!>+2+P! +,>!(2+?#! 2O'##!&+(!N0:.:#N2%,?!'#N0'>(!+,>!>0N75#,2(*!82+?#(!907'!+,>!9%$#P!%,2#'$%#&(!&%2O!'#(60,>#,2(!+,>! 2'+,(N'%62%0,! 09! 2O#! 5+2#'%+:P! &#'#! 05%22#>*! 82+?#! (%dP! 2O#! N0>%,?! 09! 2O#!2O#5#(P!6'0$%>#>!2O#!907,>+2%0,!90'!2O#!#,(7%,?!+,+:3(%(P!&O%NO!&+(!(2+?#!(#$#,!&O#'#!2O#!'#6#'20%'#(!&#'#!%>#,2%9%#>*!HO#!9%,>%,?(!&#'#!$+:%>+2#>!%,!(2+?#!#%?O2P!+,>! 2O#!&'%2%,?! 09! 2O#! '#60'2!&+(! 7,>#'2+;#,! %,! (2+?#! ,%,#*!HO#! 2#,2O! +,>! 9%,+:!(2+?#!&+(!2O#!>'+&%,?!09!N0,N:7(%0,(*!!

HO#!9%,>%,?(!(O0&#>!2O+2!2O#!#>%20'%+:(!%,2'0>7N#>!2O#!>%(N07'(#!09!2O#!%>#+:!6#'.90'5+,N#! 09!!"#$". 1'0&! 9#5%,%,%23P! &O%NO! &+(! 2O#! >05%,+,2! >%(N07'(#! 09! 2O#!5+?+e%,#*! B2(! 97,N2%0,! &+(! 20! 6'0$%>#! 2O#! '#+>#'! &%2O! %,(2'7N2%0,(! 90'! O0&! 20!+NO%#$#!2O+2!6#'90'5+,N#*!HO#!>%(N07'(#!>#(N'%-#>!O#'!%,!2#'5(!09!O#'!%,>#6#,>.#,N#P!6:#+(7'#(P!9'%#,>(O%6(P!+,>!N0,(75#'%(5P!+(!&#::!+(!%,!'#:+2%0,!20!2'07-:#!(O#!5%?O2! #,N07,2#'*! HO#! >%(N07'(#! 09! 2O#! %>#+:! 6#'90'5+,N#! 09! !"#$". 1'0&! &+(!

FES!!!8L().M)#)/*#')!

!

90'5#>!-3!9%$#!'#6#'20%'#(h!2O0(#!09!'*B/%/*B/*L/-.%&/)#,0/-.+0'/*B#K'%-.L"*#,$5/0'#$-! +,>! (0",[&/*! I+NO! '#6#'20%'#! '#$0:$#>! '07,>! (#$#'+:! 2O#5#(*! H&0! 09! 2O#!'#6#'20%'#(!&#'#!50'#!6'05%,#,2!2O+,!2O#!02O#'(*!L,#!&+(!2O#!'#6#'20%'#!09!%,>#.6#,>#,N#!+,>!%2(!2O#5#(!09!NO0%N#!+,>!N0,2'0:P!+'07,>!&O%NO!2&0!&O0:#!#>%20'%+:(!&#'#!-7%:2*!HO#!02O#'!&+(!2O#!'#6#'20%'#!09!6:#+(7'#P!&O%NO!'#$0:$#>!+'07,>!6#'.(0,+:!6:#+(7'#P!6:#+(7'#!%,!:00;(!+,>!6:#+(7'#!%,!(7NN#((*!HO#!'#6#'20%'#!09!6:#+(.7'#!+66#+'#>!#:#$#,!2%5#(!%,!#%?O2!#>%20'%+:(*!HO#!'#6#'20%'#!09!N0,(75#'%(5!&+(!907,>!20!%,(#'2!%2(#:9!%,20!02O#'!'#6#'20%'#(P!#(6#N%+::3!2O0(#!09!%,>#6#,>#,N#!+,>!6:#+(7'#*)

B,! +>>%2%0,P! 2O#! 9%,>%,?(! (O0&#>! 2O+2! 2O#! 9#+27'#! (20'%#(! %,2'0>7N#>! +! >%(N07'(#!&O%NO! N056#2#>! &%2O! !"#$"%"&'()*f(! >05%,+,2! >%(N07'(#! 09! 2O#! %>#+:! 6#'90'.5+,N#!09!!"#$".1'0&! 9#5%,%,%23c! 2O#!>%(N07'(#!09! (0",[&/!&%2O! %2(!(#$#'+:! '#6#'.20%'#(*!HO%(!N056#2%,?!>%(N07'(#!NO+::#,?%,?!2O#!>05%,+,2!>%(N07'(#!&+(!%,!27',!NO+::#,?#>! +,>P! 9%,+::3P! ,#72'+:%e#>*! B,! 9+N2P! 2O#! 97,N2%0,! 09! 2O#! N056#2%,?! >%(.N07'(#!%,!2O#!9#+27'#!(20'%#(!&+(!20!(2'#,?2O#,!2O#!5+?+e%,#f(!#6%205#P!2O#!!"#$".1'0&P!-3!9%'(2!+::0&%,?!O#'!20!-#!NO+::#,?#>!+,>!2O#,!(7??#(2%,?!&+3(!09!'#?+%,%,?!N0,2'0:*!HO#!5+?+e%,#!>%>!%,>##>!'#?+'>!2O#!N056#2%,?!>%(N07'(#(!+(!6'0-:#5(!20!-#!(0:$#>*!B2!7(#>!2O#!N056#2%,?!>%(N07'(#(!+(!+,!0660'27,%23!20!2#(2!%2(!>%(N07'(#!09! 2O#! %>#+:! 6#'90'5+,N#! 09! 2O#!!"#$". 1'0&! 9#5%,%,%23! +,>! #(2+-:%(O! %2(! >05%.,+,N#*!HO#!N056#2%,?!>%(N07'(#(!&O%NO!2O#!5+?+e%,#!+::0&(!&%2O!2O#!67'60(#!09!,#72'+:%e%,?! 2O#5!(O07:>!,02!-#!N0,97(#>!&%2O! '#(%(2+,2!+,>!,#?02%+2#>! '#+>%,?(!2O+2!5+3!-#!N'#+2#>!-3! '#+>#'(! 20!5+';! 2O+2! 2O#3!+'#!,02!6'#6+'#>! 20!+NN#62! 2O#!#>%20'f(!6'060(%2%0,(!09!+!(3,2O#2%N!(%(2#'O00>!0'!2O#!6'060(#>!(7-W#N2!60(%2%0,!09!+!N0,(75#'!09!N#'2+%,!6'0>7N2(!_(##!8+,2O+;75+'+,!USSEc!F]`*!B,>##>P!6+'+::#:!20!2O#!>05%,+,2!'#+>%,?!09!2O#!!"#$".1'0&!9#5%,%,%23P!&O%NO!O+(!-##,!2O#!90N7(!09!2O%(! N7''#,2! (27>3P! 2O#'#! %(! +:(0! 2O#!60((%-%:%23! 09! N07,2#'.'#+>%,?(*!L,#! '#+>%,?!5%?O2!+N2%$#:3!'#(%(2!2O#!>05%,+,2!>%(N07'(#!09!2O#!5+?+e%,#P!'#W#N2%,?!%2(!%>#0:0.?3! N0,N#',%,?P! 90'! %,(2+,N#P! N0,(75#'%(5h! +,02O#'!5%?O2!,#?02%+2#! 2O#! '#:+2%0,.(O%6! -#2&##,! N056#2%,?! >%(N07'(#(! %,! 9+$07'! 09! 0,#! NO+::#,?%,?! 2O#! >05%,+,2!>%(N07'(#*!

B,!2O#!9#+27'#!(20'%#(P!2O#!9%'(2!907'!09!2O#!'#6#'20%'#(!907,>!%,!2O#!#>%20'%+:(P!2O0(#!09!%,>#6#,>#,N#P!6:#+(7'#P!N0,(75#'%(5P!+,>!9'%#,>(O%6P!N07:>!+:(0!-#!%>#,2%9%#>*!HO#!9#+27'#!(20'%#(!N'#+2#>!+,!%5+?#!09!2O#!%,>#6#,>#,2!50>#',!&05+,!&O0!O+>!2O#!(#:9.N0,9%>#,N#!20!-#!%,!N0,2'0:!+,>!5+;#!O#'!NO0%N#(*!8O#!907,>!6:#+(7'#!%,!:%9#P!(O#!#,W03#>!-#%,?!+22'+N2%$#!+,>!#,W03#>!(7NN#((*!8O#!O+>!2O#!(+:+'3!20!+::0&!O#'! 20! -#! +,! 76.5+';#2! N0,(75#'*! 8O#! +:(0! $+:7#>! O#'! '#:+2%0,(O%6(! +,>! O#'!9'%#,>(!+,>!O#'!9+5%:3!%,!6+'2%N7:+'!&+(!%560'2+,2!20!O#'*!

B,! 2O#! 9#+27'#! (20'%#(P! 2O#! >%(N07'(#! 09! 2O#! %>#+:! 6#'90'5+,N#! 09! 2O#!!"#$".1'0&!&+(P!O0&#$#'P!NO+::#,?#>!-3!2O#!>%(N07'(#!09!2'07-:#P!&O%NO!O+>!>#$#:06#>!072!09!

! 8L().M)#)/*#')!!!FEF!

! !

2O#!9%92O!'#6#'20%'#!09!2O#!#>%20'%+:(P!2O+2!09!2'07-:#*!<O%:#!2O#!#>%20'%+:(!0,:3!O%,2.#>!+2!2O#!60((%-%:%23!09!2'07-:#!%,!2O#!:%9#!09!2O#!!"#$"!1'0&P!2O#!>%(N07'(#!09!2'07.-:#!%,!2O#!9#+27'#!(20'%#(!&+(!90'5#>!-3!2O#!'#6#'20%'#!09!2O#!6'%N#!09!N0,(75#'.%(5P!2O+2!09!2O'#+2(!20!2O#!!"#$".1'0&!:%9#(23:#P!+,>!2O+2!09!2O'#+2(!072(%>#!O#'!N0,.2'0:*!HO#!'#6#'20%'#(!&#'#!90'5#>!+'07,>!2O#5#(!(7NO!+(!(#d%(5P!O+'+((5#,2P!+,>!-#2'+3+:h!$%0:#,N#P!(#d7+:!+((+7:2P!+,>!%::,#((!+,>!+NN%>#,2(*!HO#(#!'#6#'20%'#(! %,!2O#! >%(N07'(#! 09! 2'07-:#! NO+::#,?#>! 2O#! '#6#'20%'#(! 09! 2O#! >%(N07'(#! 09! 2O#! %>#+:!6#'90'5+,N#!09!2O#!!"#$".1'0&!9#5%,%,%23!+,>!O#'!:%9#(23:#c!O#'!%,>#6#,>#,N#P!%,!2#'5(!09!N0,2'0:!+,>!NO0%N#P!+,>!O#'!6:#+(7'#(*!

M0(2!%560'2+,2!%,!2O#!9#+27'#!(20'%#(!&+(P!O0&#$#'P!2O#!0NN7''#,N#!09!+!,#&!'#6.#'20%'#P!&O%NO!&+(!2O+2!09!0/1)'*'*1.L"*(0"&*!HO#!'#6#'20%'#P!&O%NO!&+(!5+>#!76!09!2O#!2O#5#(!09!9%,>%,?!N:0(7'#!+,>!50$%,?!0,P!099#'#>!#d+56:#(!>#(N'%-%,?!O0&!+,>!-3!&O+2!5#+,(!+!&05+,!(7-W#N2#>!20!O+'597:!6'+N2%N#!N07:>!0,N#!+?+%,!'#.?+%,!O#'!N0,2'0:!+,>!#,W035#,2!09!:%9#*!/!$%N2%5%e#>!&05+,!5%?O2!>#N%>#!20!(##;!6'09#((%0,+:!O#:6! 20!9%,>!N:0(7'#*!8O#!5%?O2!'#.#$+:7+2#!O#'! :%9#(23:#!+,>!$+:7#(P!+,>!NO+,?#!O#'!:%9#!-3!50$%,?!O07(#P!?0%,?!-+N;!20!7,%$#'(%23P!0'!%56'0$%,?!O#'!6'09#((%0,+:!k7+:%9%N+2%0,(P!&O%NO!&07:>!O#:6!O#'!20!(2+'2!+!,#&!N+'##'*!8O#!5%?O2!#5-+';!0,!+!:#+',%,?!6'0N#((!&O%NO!&07:>!n!#$#,27+::3P!O06#97::3!n!O#:6!O#'!20!N05#! 20! 2#'5(!&%2O!&O+2!-#9#::!O#'P!+,>!+::0&!O#'! 20!50$#!0,*!HO7(P! 2O#!'#6#'.20%'#! 09! '#?+%,%,?! N0,2'0:!&+(! 907,>! 20! (7660'2! ,02! 0,:3! 2O#! '#6#'20%'#! 09! %,>#.6#,>#,N#!-72!+:(0!2O0(#!09!6:#+(7'#!+,>!9'%#,>(O%6(*!

/(!2O#!'#(7:2(!09!2O%(!(27>3!#56O+(%e#(!2O#!(N'%62(!90'!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$". 1'0&! 9#5%,%,%23P! 2O#3! N+,! -#! '#+>! %,! '#:+2%0,! 20!J%5! +,>!<+'>f(! _USFU`!>%(N7((%0,! 09! &05#,f(! +NN#62+,N#! 09! 2O#! (#d7+:! (N'%62(! 099#'#>! -3! 5+?+e%,#(*!HO#3! 907,>! 2O+2! 2O#! '#6'#(#,2+2%0,(! 09! 9#5+:#! (#d7+:%23! N%'N7:+2%,?! %,! 2O#!5+((!5#>%+!+,>!6067:+'!N7:27'#!N07:>!602#,2%+::3!%,9:7#,N#!&05#,f(!>#$#:06%,?!(#d7+:!%>#,2%2%#(*! /:'#+>3! +! -'%#9! #d60(7'#! 20! +! &05#,f(! 5+?+e%,#! '#,>#'#>! 307,?!&05#,!50'#!:%;#:3!20!-#:%#$#!2O+2!&05#,!(O07:>!+((#'2!2O#5(#:$#(!+,>!2O#%'!(#d.7+:!>#(%'#(*!HO#3!+:(0!-#N+5#!:#((!:%;#:3!20!-#:%#$#!2O+2!#,?+?%,?!%,!(#d7+:!+N2%$%.2%#(! N+''%#(! '%(;(*! J%5! +,>! <+'>! _USFUc! RUV`! N0,N:7>#! 2O+2! 2O#! N056:#d! +,>!(05#2%5#(!N0,9:%N2%,?!'#6'#(#,2+2%0,(!N07:>!-#!-02O!#560&#'%,?!+,>!6'0-:#5+2.%N*!HO#%'!(27>3P!(#2! %,! 2O#!9%#:>!09!6(3NO0:0?3P!7(#>!'#+>%,?!?'076(!?%$#,!5+?+.e%,#!(N'%62(!09!(#d7+:!'#:+2%0,(O%6(!+,>!+!N0,2'0:!?'076!?%$#,!,0!(N'%62(!09!(#d7+:!'#:+2%0,(O%6(*!B,!2O#!N7''#,2!(27>3P!0,#!(7NO!>07-:#.(%>#>!(N'%62!&+(!907,>!%,!0,#!09! 2O#! #>%20'%+:(! 09!!"#$"%"&'()*P! &O#'#! +! ?'076! 09! &05#,!&#'#! >#(N'%-#>! +(!67'(7%,?!2O#%'!(#d7+:!'#:+2%0,(O%6(!0,!2O#%'!0&,!2#'5(c!2O#3!K)B.*"(LK/B.,%.$"0/.(K)*. ). +""([)&&. (/)$. [/(U//*. (K/$! _@0$#5-#'! USSE`*! HO#'#! &+(P! O0&#$#'P! +!>'+&-+N;c! 2O#! '%(;! 09! N+2NO%,?! 8HB(*! /,02O#'! #d+56:#! &+(! %,! +! 9#+27'#! (20'3!_M+'NO! USSEc! FSF`! >#(N'%-%,?! >'7?.'+6#c! +! N076:#! 09! 307,?! &05#,!5#2! (05#!

FEU!!!8L().M)#)/*#')!

!

_(##5%,?:3!,%N#`!5#,!%,!+!-+'P!+NN#62#>!>'%,;(!9'05!2O#5P!+,>!:+2#'P!+,!%,$%2+2%0,!20! 2O#%'!O07(#*!HO#!6+'23!#,>#>! %,! '+6#*! B,>##>P!#560&#'%,?!(N'%62(!+'#!,02!7,.6'0-:#5+2%N*!

HO%(!6'#(#,2!(27>3!O+(!N0,2'%-72#>!20!2O#!:%,?7%(2%N!:%2#'+27'#!0,!5#>%+!-3!6'#(#,2.%,?!,#&!9%,>%,?(!0,!2O#!>%(N07'(#(!+2!&0';!%,!2O#!5+?+e%,#!!"#$"%"&'()**!B2!O+(!(O0&,!2O+2!!"#$"%"&'()*!1J!%,!USSE!+,>!USSV!%,N0'60'+2#>!N056#2%,?!>%(N07'(.#(!%,20!%2(!N0,2#,2(*!HO#!%,2'0>7N2%0,!09!(7NO!>%(N07'(#(!&+(!,#N#((+'3P!02O#'&%(#!2O#! '#+>#'(! &07:>! ,02! 9%,>! 2O#! 5+?+e%,#! +,>! %2(! 5#>%+2#>! N0,2#,2(! '#:#$+,2! 20!2O#5! %,! 2O#%'! :%$#(! %,! 2O#! (%27+2#>!&0':>*!/(!+!-7(%,#((!#,2#'6'%(#P!O0&#$#'P! 2O#!5+?+e%,#!N07:>!,02!+::0&!%2(!#6%205#P!2O#!!"#$"!1'0&!+,>!O#'!:%9#(23:#P!20!-#!7,.>#'5%,#>*!40,(#k7#,2:3P!2O#!5+?+e%,#!O+>!20!,#72'+:%e#!2O#!N056#2%,?!>%(N07'(#(!&O%NO!%2!O+>!NO0(#,!20!%,2'0>7N#*!!

HO%(!(27>3!+:(0!+>>#>! 20! 2O#!;,0&:#>?#!09!O0&!+!5+?+e%,#!7(#(! %2(! W07',+:%(2%N!>%(N07'(#(!20!(7660'2!2O#!N055#'N%+:!$#,27'#!09!2O#!67-:%(O#'*!HO%(!%(!6'0-:#5+2%N!9'05!2O#!60%,2!09!$%#&!09!W07',+:%(2%N!#2O%N(h!-+(%N+::3P!2O#!5+%,!%((7#!09!N'#>%-%:.%23!:%#(!O#'#P!,02!%,!2O#!2'72O97:,#((!09!2O#!>%(N07'(#(*!H'+>%2%0,+::3P!'#:%+-:#!,#&(!'#60'2%,?!%(!#d6#N2#>!20!-#!%,>#6#,>#,2!0'!+2!:#+(2!7,-%+(#>P!+:-#%2!2O+2!2O#'#!%(!,0!(7NO!2O%,?!+(!m0-W#N2%$#b!'#60'2%,?*!1(%,?!2O#!97(%0,!09!W07',+:%(2%N!N0,2#,2(!+,>!N055#'N%+:! %,2#'#(2(!&%2O%,!!"#$"%"&'()*! +(! +,! #d+56:#P! %2! N+,! -#! +'?7#>! 2O+2!5+?+e%,#!W07',+:%(5!O+(!>#$#:06#>!%,!+!>%'#N2%0,!09! %2(!0&,P!N056+'#>!20!,#&(!W07',+:%(5*! HO#! $+:7#! 09! 2O#! N0,2#,2(! 09! 2O#! 5+?+e%,#! %(P! %,! 9+N2P! #(2%5+2#>!2O'07?O!2O#!,75-#'!09!N06%#(!(0:>!+2!2O#!,#&(+?#,2f(*!

HO#!(7NN#((!09!2O#!5+?+e%,#!+(!+!W07',+:%(2%N!6'0>7N2!+,>!+!N055#'N%+:!#,2#'6'%(#!>#6#,>(!0,!2O#!N'#>%-%:%23!09!%2(!N0,2#,2(*!4'#>%-%:%23!%(!N'#+2#>!&O#,P!+,>!%9P!2O#!#>%20'(! +'#! +-:#! 20! N0,$%,N#! 2O#! '#+>#'(! 2O+2! 2O#! '#6#'20%'#(! 90'5%,?! 2O#!5+?+.e%,#f(! >05%,+,2! >%(N07'(#! +'#! 2'72O97:! +,>! '#:#$+,2*!L-$%07(:3P! N'#>%-%:%23! %(! +2!2O#!-+(%(!09!2O#!(7NN#((!09!+!5+?+e%,#P!&O#2O#'!!"#$"%"&'()*!0'!+,3!02O#'!5+?+.e%,#c!%2!%(!N'7N%+:!90'!'#2+%,%,?!'#+>#'(O%6!+,>!N%'N7:+2%0,P!+>$#'2%(%,?!+,>!'#$#,7#*!!

L,! 2O#! 5+N'0.:#$#:P! 2O#! 5+?+e%,#! +NO%#$#(! N'#>%-%:%23! -3! +::0&%,?! N056#2%,?!>%(N07'(#(! 9'05! 2O#! (%27+2#>!&0':>! 20! #,2#'! 2O#!5#>%+2#>!&0':>! 09! %2(! N0,2#,2(*)L'%?%,+::3P! 2O#!!"#$"!1'0&! -#N+5#! 2O#!#6%205#!09!!"#$"%"&'()*! 2O'07?O!+!6'0.N#((! N055#,N%,?! %,! k7+:%2+2%$#!5+';#2! '#(#+'NOP!&O%NO! >#$#:06#>! %,20! :%9#(23:#!'#(#+'NO*!HO#!5#>%+2#>!%5+?#!09!2O#!!"#$".1'0&!&07:>!2O#,!O+$#!-##,!2'+,(:+2#>!%,20!#>%20'%+:!60:%N3! 20! 97,N2%0,!+(!+!N'%2#'%0,!+?+%,(2!&O%NO! 2O#!#>%20'(!5#+(7'#!2O#%'!>#N%(%0,(!+-072!2O#!N0,2#,2(!09!#+NO!%((7#*!/(!+!'#(7:2P!2O#3!099#'!2O#%'!'#+>.#'(! 2O#! :%9#(23:#!$+:7#(!09! 2O#!5+?+e%,#!+,>! %2(!#6%205#!+,>!6'0>7N#! '#6#'20%'#(!>#(N'%-%,?! O#'! 6#'90'5+,N#*! H0! O%?O:%?O2! O#'P! 2O#3! +::0&! N056#2%,?! >%(N07'(#(!&O0(#!67'60(#!%(!20!%,$%2#!2O#!'#+>#'(!20!%>#,2%93!2O#!5+?+e%,#f(!N0,2#,2(!+(!N'#>.

! 8L().M)#)/*#')!!!FER!

! !

%-:#*! Q%,+::3P! 2O#3! (2'#,?2O#,! 2O#! #6%205#! -3! -'%,?%,?! 2O#! N056#2%,?! >%(N07'(#!%,20!:%,#!&%2O!2O#!5+?+e%,#f(!>05%,+,2!>%(N07'(#!09!2O#!%>#+:!6#'90'5+,N#!09!2O#!!"#$"!1'0&!9#5%,%,%23*!1:2%5+2#:3P!2O#!5+?+e%,#!'#2+%,(!%2(!'#+>#'(!-3!&#:N05%,?!2O#5!-+N;!+(!!"#$".1'0&#*)

=+(#>!0,!2O#(#!9%,>%,?(!+,>!N0,N:7(%0,(P!97'2O#'!'#(#+'NO!0,!5+?+e%,#!,+''+2%$#(!+(! '#60'2(! 9'05! 2O#! (%27+2#>!&0':>! %(! 60((%-:#*! HO#! N0,2#,2(! 09!&05#,f(!5+?+.e%,#(! N0,(2%272#! +! 9'7%297:! 9%#:>! 90'! 9727'#! '#(#+'NO! 6'0W#N2(*! 805#! '#(#+'NO! O+(!-##,! >0,#! %,20! #:#5#,2(! (7NO! +(! +>$%N#! N0:75,(! +,>! +>$#'20'%+:(*! HO#! +'#+! 09!9#+27'#!(20'%#(!_2O+2!%(P!O75+,.%,2#'#(2!(20'%#(`!099#'(!+,!+-7,>+,N#!09!5+2#'%+:*!B2!%(!#$%>#,2!2O+2!2O#!9#+27'#!(20'%#(!09!!"#$"%"&'()*!1JP!+(!&#::!+(!02O#'!&05#,f(!5+?+e%,#(P!+'#!'%NO!%,!,+''+2%$#(!+-072!O0&!&05#,!N0,(2'7N2!2O#%'!:%9#!#d6#'%#,N.#(*! HO#3! N+,! -#! '#?+'>#>! +(! N0,2#560'+'3! 9+%'3.2+:#(P! +,>! %,$#(2%?+2#>! +(! (#:9.,+''+2%$#(! &O#'#! +! O#'0%,#! #,N07,2#'(! +>$#'(%23P! (2'7??:#(! 20! 0$#'N05#! %2P! +,>!#5#'?#(!2'%756O+,2*!!

/:2#',+2%$#:3P!2O#!9#+27'#!(20'%#(!N+,!-#!%,$#(2%?+2#>!9'05!2O#!60%,2!09!$%#&!09!2O#!5+?+e%,#! 90'! #$%>#,N#! +(! 20! O0&! 5+?+e%,#(! NO00(#! 20! N0,(2'7N2! '#+:%23*! HO#3!6'0$%>#! 2O#! %,2#'9+N#!&O#'#! 2O#! (%27+2#>!&0':>!N0557,%N+2#(!&%2O! 2O#!5#>%+2#>!&0':>*!L,! 2O+2! %,2#'9+N#P! 2O#! '#+>#'! N+,! %,2#'+N2!&%2O! 2O#! %,2#'$%#&##(! +,>! 2O#%'!#d6#'%#,N#(!+,>!>'+&!N0,N:7(%0,(!+-072!2O#%'!'#:#$+,N#!20!O#'!0&,!:%9#*!HO#!,+'.'+2%$#(!N+,!-#!7,>#'(200>!+(!:%$#!'#60'2(!9'05!2O#!(%27+2#>!&0':>!&O%NO!+'#!#>%2#>!+,>! 2'+,(90'5#>! 90'! 2O#! 5+?+e%,#! %,20!5#>%+2#>! #d6#'%#,N#*! HO#!50>#'+20'! 09!2O+2! %,2#'9+N#! %(! 2O#! #>%20'P! &O0! N+,! NO00(#! -#2&##,! +! ,75-#'! 09! 6'09#((%0,+:!W07',+:%(2%N!200:(!20!6#'(7+>#c!&'%2#'!$0%N#!+,>!'#60'2#'!$0%N#P!O#+>:%,#(P!6%N27'#(!+,>!:+3072*!H0!N0,N:7>#c!2O#!9#+27'#!(20'%#(!09!+!5+?+e%,#!N+,!-#!+66'0+NO#>!7(.%,?!5#2O0>0:0?%#(! 9'05! +! ,75-#'! 09! 9%#:>(! (7NO! +(! (0N%0:0?3P! (0N%0:%,?7%(2%N(P!+,>!5#>%+!(27>%#(*!

FEE!!!8L().M)#)/*#')!

!

)/H/!8L1"4I8!

/O5+>P!@%,+! _USSE`*! mI>%20'f(! [#22#'b! 09!!"#$"%"&'()*!1J!I>%2%0,P!M+'NO! 20!8#62#5-#'!USSE*![0,>0,c!HO#!@+2%0,+:!M+?+e%,#!4056+,3![2>*!

=+;#'P! 8+5! _USSE`*! mI>%20'f(! [#22#'b! 09!!"#$"%"&'()*! 1J!I>%2%0,P!LN20-#'! 20!)#N#5-#'!USSE*![0,>0,c!HO#!@+2%0,+:!M+?+e%,#!4056+,3![2>*!

=+;#'P!8+5!_USSV`*!mI>%20'f(![#22#'b!09!!"#$"%"&'()*!1J!I>%2%0,P!LN20-#'!USSV*![0,>0,c!HO#!@+2%0,+:!M+?+e%,#!4056+,3![2>*!

4+,>3P![0''+%,#!_USSE`*!mI>%20'f(![#22#'b!09!!"#$"%"&'()*!1J!I>%2%0,P!G+,7+'3!20!Q#-'7+'3!USSE*![0,>0,c!HO#!@+2%0,+:!M+?+e%,#!4056+,3![2>*!

!"#$"%"&'()*!1J!_USSE`*!m"+6#c![#2!K0!09!2O#!K7%:2*b!Q#+27'#!(20'3P!,0!-3:%,#P!G+,7+'3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!VVnV^*!

!"#$"%"&'()*!1J!_USSE`*!m<#!)%>! 2O#!8+5#!G0-!-72!D#!I+',#>!wESSS!50'#*b!Q#+27'#!(20'3!-3!J+2#!=7'2P!Q#-'7+'3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!^\n^^*!

!"#$"%"&'()*!1J!_USSE`*!mB!(7'$%$#>!+![0(2!C:+,#!4'+(O*b!Q#+27'#!(20'3!-3!87.(+,!"%:#3P!Q#-'7+'3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!\Un\R*!

!"#$"%"&'()*!1J!_USSE`*!m"%NOP!4O+'5%,?!q!)+,?#'07(*!HO#!)+3!B!4+5#!Q+N#!20! Q+N#!&%2O! 2O#!M#,!<O0!)'7?! +,>!"+6#! %,!K+,?(*b! Q#+27'#! (20'3! -3! [%,>+!='%,;&0'2OP!M+'NO*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FSFnFSE*!

!"#$"%"&'()*! 1J! _USSE`*! mBf$#! =##,!K%$#,! Q%$#!l#+'(! 20! [%$#! +,>! 82%::! Q##:![7N;3*b! Q#+27'#! (20'3! -3! L5#?+! )07?:+(P! /6'%:*! [0,>0,c! @+2%0,+:! M+?+e%,#!4056+,3*!ZFnZR*!

!"#$"%"&'()*! 1J! _USSE`*! ml07! }! /:N0O0:*! HO#! 8N+,>+:! l07! 8O07:>! J,0&!+-072b!Q#+27'#!(20'3!-3!/5#:%+!D%::P!G7,#*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!V\n\S*!

!"#$"%"&'()*!1J! _USSE`*! mHO#![0$#!q!=#2'+3+:!Q%:#(*b!Q#+27'#! (20'3!-3![7N3!=#,30,P![%(+!=#((+,2P!+,>!87e3!40dP!G7,#*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+.,3*!FSFnFSV*!

!"#$"%"&'()*!1J! _USSE`*! mD0&!B!@+%:#>!M3!8#d!C#(2!=0((*b!Q#+27'#! (20'3!-3!87e3!40dP!G7:3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!^\n^^*!

!"#$"%"&'()*!1J!_USSE`*!mHO#![+(2!H+-00*b!Q#+27'#!(20'3!-3!/5#:%+!D%::P!G7:3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!V\n\U*!

! 8L().M)#)/*#')!!!FE]!

! !

!"#$"%"&'()*!1J! _USSE`*! mB!='07?O2!M3!"+6%(2!82#69+2O#'! 20! G7(2%N#*b!Q#+27'#!(20'3!-3![#(:#3!K%-(0,P!8#62#5-#'*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!Z\nFSS*!

!"#$"%"&'()*!1J!_USSE`*!mHO#![+(2!F]!82#6(!D05#*b!Q#+27'#!(20'3!-3!I:%e+-#2O!1>+::P!LN20-#'*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!\Fn\E*!

!"#$"%"&'()*!1J! _USSV`*! mM3!='02O#'f(! %,!C'%(0,!D#::!q! B!/5P! 200*b!Q#+27'#!(20'3P!,0!-3:%,#P!G+,7+'3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!^Rn^\*!

!"#$"%"&'()*!1J!_USSV`*!mB!<0;#!76!&%2O!+!J,%9#!%,!M3!Q+N#*b!Q#+27'#!(20'3!-3!J+2#!Q+%2O97::P!M+'NO*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FSSnFSF*!

!"#$"%"&'()*! 1J! _USSV`*! mM3!=#(2! Q'%#,>!<+(!M3!/,0'#d%+! "%$+:*b! Q#+27'#!(20'3P!,0!-3:%,#P!M+3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FSEnFS]*!

!"#$"%"&'()*!1J!_USSV`*!mB2f(!@02!G7(2!H##,+?#'!<O0!472!HO#5(#:$#(*b!Q#+27'#!(20'3P!,0!-3:%,#P!G7,#*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FSRnFSE*!

!"#$"%"&'()*!1J!_USSV`*!m<#!<#'#!M+''%#>!90'!I%?O2!)+3(*b!Q#+27'#!(20'3!-3!4+2O#'%,#!K'+3P!G7,#*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FS\nFS^*!

!"#$"%"&'()*!1J! _USSV`*! m<#!<#'#!/::! G7(2! 82'+,?#'(! 0,! +!H'+%,! -#90'#! G7:3!\2O*b!Q#+27'#!(20'3!-3!"+NO#:!M0(23,P!G7:3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+.,3*!FSFnFSE*!

!"#$"%"&'()*!1J!_USSV`*!mM3!8%(2#'!=#N+5#!M3!82#6502O#'*b!Q#+27'#!(20'3!-3!J+2#!Q+%2O97::P!G7:3*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FSZnFFS*!

!"#$"%"&'()*!1J!_USSV`*!mM3!G#2![+?!H7',#>!L72!20!=#!+!='+%,!H7507'*b!Q#+.27'#!(20'3!-3![%(+!=#((+,2P!/7?7(2*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!UU^nUUZ*!

!"#$"%"&'()*! 1J! _USSV`*! mD0&! Q+'!<07:>! l07! K0! 20! C+3! =+N;! +! 4O#+2%,?!Idrb!Q#+27'#!(20'3!-3![%,>+!='%,;&0'2OP!8#62#5-#'*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!^]n^^*!

!"#$"%"&'()*! 1J! _USSV`*! m8#dP! [%#(! +,>! T%>#02+6#>*b! Q#+27'#! (20'3! -3! [7N3!='0+>-#,2P!LN20-#'*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FURnFUV*!

!"#$"%"&'()*!1J!_USSV`*!m4O%N;(!&%2O!4O%6(*b!Q#+27'#!(20'3!-3!"+NO#:!40'N0.'+,P!@0$#5-#'*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FUVnFRF*!

!"#$"%"&'()*!1J! _USSV`*! mBf$#!J,0&,!)+>!/::!M3![%9#! n!=72! Bf$#!L,:3! G7(2![#+',2!D%(!@+5#*b!Q#+27'#!(20'3!-3!4+2O#'%,#!K'#3P!@0$#5-#'*![0,>0,c!@+2%0,.+:!M+?+e%,#!4056+,3*!FFFnFFE*!

!

FEV!!!8L().M)#)/*#')!

!

!"#$"%"&'()*!1J!_USSV`*!m8#d!+,>!2O#!4%23*b!Q#+27'#!(20'3!-3![%,>+!='%,;&0'2OP!)#N#5-#'*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FFUnFFV*!

!"#$"%"&'()*!1J!_USSV`*!m)%+'3!09!+!87'$%$0'*b!Q#+27'#!(20'3!-3!87e3!40dP!)#.N#5-#'*![0,>0,c!@+2%0,+:!M+?+e%,#!4056+,3*!FUFnFUE*!

! 8L().M)#)/*#')!!!FE\!

! !

<L"J8!4BHI)!

/::#,P! G0O,! _FZZ]`*! mK:0-+:!&0':>(*b! B,!4/"10)%K'L)&.M"0&B#*!I>(*! G0O,!/::#,!+,>!)0'##,!M+((#3*!Ld90'>c!Ld90'>!1,%$#'(%23!C'#((*!FS]nFEU*!

/:2O7((#'P![07%(!_USSE`*!mB>#0:0?3!+,>!B>#0:0?%N+:!82+2#!/66+'+27(*b!B,!F'(/0)0O.JK/"0Od. 8*. 8*(K"&"1OV! I>(*! G7:%#! "%$;%,! +,>! M%NO+#:! "3+,*! U,>! #>*! Ld90'>c!=:+N;&#::*!VZRn\SU*!

/54O+5!T%#2,+5!%,!@#&(!_USSU.USF]`*!m!"#$"%"&'()*P!2O#!&0':>.:#+>%,?!5+?.+e%,#!90'!307,?!&05#,P!&%::!-#!67-:%(O#>!%,!T%#2,+5b*!sN%2#>!FE2O!M+'NO!USFVt*!/$+%:+-:#!+2!O226cgg&&&*+5NO+5$%#2,+5*N05gR]]^gN0(5060:%2+,.2O#.&0':>.:#+>%,?.5+?+e%,#.90'.307,?.&05#,.&%::.-#.67-:%(O#>.%,.$%#2,+5g!

/,>#'(0,P!=#,#>%N2!_FZ^R`*!D$)1'*/B.!"$$,*'('/#*!E/+&/L('"*#."+.(K/.60'1'*.)*B.C%0/)B."+.H)('"*)&'#$V![0,>0,c!T#'(0*!

=0'>0P! 87(+,! _USSR`*!1,-#+'+-:#!<#%?O2*! Q#5%,%(5P!<#(2#',!47:27'#P! +,>! 2O#!=0>3*!=#';#:#3c!1,%$#'(%23!09!4+:%90',%+!C'#((*!

=+'&%(#P! C+2'%N;!q!K0'>0,P! )+$%>! _FZZ^`P! mIN0,05%N(*! HO#! #N0,05%N(! 09! 2O#!5#>%+*b!B,!JK/.=/B')d.8*.D*(0"B,L('"**!I>(*!/>+5!='%??(!+,>!C+7:!40-:#3*!D+'.:0&c![0,?5+,*!FZSnUSZ*!

m=#N+7(#! 307f'#! &0'2O! %2b! _USFF`*! L99%N%+:! &#-(%2#! 09! 2O#! :fL'|+:! K'076*!s&#-6+?#t!sN%2#>!F^2O!G7:3!USFFt*!/$+%:+-:#!+2!O226cgg&&&*:0'#+:*N05g~#,g~&&g%,>#d*+(6dr>%'#N2F�SSSSRq>%'#N2U�SSSSRgSSSSR!

=:055+#'2P! G+,! _USS]`*! W'#L",0#/V. 8. !0'('L)&. D*(0"B,L('"**! 4+5-'%>?#c! 4+5.-'%>?#!1,%$#'(%23!C'#((*!

='%#':#3P!8#+,!_FZZ^`*!m/>$#'2%(%,?!+,>!5+';#2%,?*!/>$#'2%(%,?!+,>!2O#!,#&!5#.>%+! #,$%'0,5#,2*b! B,!JK/.=/B')d. 8*. D*(0"B,L('"**! I>(*!/>+5!='%??(! +,>! C+7:!40-:#3*!D+':0&c![0,?5+,*!RZ.]F*!

='0&,P!D#:#,!K7':#3!_FZVU`*!C/S.)*B.(K/.C'*1&/.4'0&V.JK/.2*$)00'/B.M"$)*N#.4,'B/. (". =/*-. !)0//0#-. (K/. 8%)0($/*(-. W'/(-. G)#K'"*-. ="*/O. )*B. =/**! @#&!l0';c!=#',+'>!K#%(!/((0N%+2#(*!

='7,#'P! G#'05#! _FZ^\`*! m[%9#! +(! @+''+2%$#b*! 80N%+:! "#(#+'NOP! T0:*! ]EP! @0! FP!86'%,?!FZ^\*!FFnRU*!

=72:#'P!G7>%2O!_FZZZ`*!K#,>#'!H'07-:#*!U,>!#>*![0,>0,c!"072:#>?#*!

!K)0&'/N#.8*1/&#*! H#:#$%(%0,!8#'%#(! +,>!Q%:5(*! s&#-6+?#t! sN%2#>! ^2O!)#N*! USSVt!/$+%:+-:#!+2!O226cgg#,*&%;%6#>%+*0'?g&%;%g4O+':%#z(~/,?#:(!

FE^!!!8L().M)#)/*#')!

!

!K)0&'/N#. 8*1/&#P! D05#6+?#! 09*! s&#-6+?#t! sN%2#>! FR2O! LN2*! USS\t! /$+%:+-:#! +2!O226cgg&&&*NO+':%#(+,?#:(*N05g!

4O%:20,P!C+7:!+,>!"72O!<0>+;!_USS]`*!mC'#9+N#*b!B,!8.H/U.81/*B).'*.Y!0'('L)&Z.W'#L",0#/.8*)&O#'#*!I>(*!"72O!<0>+;!+,>!C+7:!4O%:20,*!/5(2#'>+5c!G0O,!=#,.W+5%,(*!d%nd$%%%*!

40+2#(P! G#,,%9#'! _FZZV`*!M"$/*. J)&]V. !"*7/0#)('"*. [/(U//*. M"$/*. G0'/*B#*!Ld90'>c!=:+N;&#::*!

40+2#(P! G#,,%9#'! _USSR`*!=/*.J)&]V. C("0'/#. '*. (K/.=)]'*1. "+.=)#L,&'*'('/#*!Ld.90'>c!=:+N;&#::*!

40,(75#'!M+?+e%,#!Q+N2(!q!Q%?7'#(!USSZ!_@#&`*!sN%2#>!UZ2O!8#62*!USSZt!/$+%:+.-:#!+2!!!!!O226cgg&&&*66+5+';#2%,?*,#2gN?%.-%,g?0*6:g>+2+.2'#,>(g+'2%N:#*O25:r7%>�RE^!!!"#$"%"&'()*! _5+?+e%,#`! _USFR`*!<%;%6#>%+! 0,:%,#! #,N3N:06+#>%+*! sFR2O!M+'NO!USFVt!/$+%:+-:#!+2!O226(cgg#,*&%;%6#>%+*0'?g&%;%g40(5060:%2+,~_5+?+e%,#`!

>#!=#+7?'+,>#P!"0-#'2! _USSV`*! m4'%2%N+:!)%(N07'(#!/,+:3(%(c!D%(20'3P! B>#0:0?3P!M#2O0>0:0?3b*!C(,B'/#.'*.F)*1,)1/.l.!)%'()&'#$P!FP!USSVc!UZn]V*!s0,:%,#!W07'.,+:t!sN%2#>!FZ2O!M+3!USFFt!/$+%:+-:#!+2!O226cgg:+,?7+?#+,>N+6%2+:%(5*%,90!

m)0,f2!)+2#!D%5!4'0&b*!<#-(%2#!0,! '#$#,?#*! s&#-6+?#t! sN%2#>!US2O!/6'%:!USFSt!/$+%:+-:#!+2!O226cgg&&&*>0,2>+2#O%51'0&*N05!

IN;#'2P! C#,#:06#! q! MN40,,#::.K%,#2P! 8+::3! _FZZ]`*! m40,(2'7N2%,?! M#+,%,?P!40,(2'7N2%,?! 8#:$#(b*! B,!4/*B/0. 80('L,&)(/BV. F)*1,)1/. )*B. (K/. C"L')&&O. !"*5#(0,L(/B.C/&+*!I>(*!J*!D+::!+,>!M*!=7NO0:2e*![0,>0,c!"072:#>?#P!EVZn]S\*!

I,N3N:06+#>%+!='%2+,,%N+! _USFV`*! m!"#$"%"&'()*!5+?+e%,#b*! sN%2#>! FR2O!M+'NO!USFVt!/$+%:+-:#!+2!O226cgg?:0-+:*-'%2+,,%N+*N05g206%Ng40(5060:%2+,.5+?+e%,#!

I$#,.o0O+'P! B2+5+'! _FZZS`*! mC0:3(3(2#5! 827>%#(b*!_"/('L#. J"B)O*! B,2#',+2%0,+:!G07',+:!90'!HO#0'3!+,>!/,+:3(%(!09![%2#'+27'#!+,>!40557,%N+2%0,*!T0:*!FFc!FP!FnUV^*!

Q+%'N:07?OP! @0'5+,! _FZZU`*!W'#L",0#/. )*B. C"L')&. !K)*1/*! 4+5-'%>?#c! C0:%23!C'#((*!

Q+%'N:07?OP!@0'5+,! _FZZ]+`*!!0'('L)&.W'#L",0#/.8*)&O#'#V.JK/.!0'('L)&.C(,BO."+.F)*1,)1/V!D+':0&c!C#+'(0,!I>7N+2%0,*!

Q+%'N:07?OP!@0'5+,!_FZZ]-`*!=/B').W'#L",0#/*![0,>0,c!/',0:>!

Q+%'N:07?OP!@0'5+,!_USSF`*!F)*1,)1/.)*B._"U/0*!U,>!#>*!D+':0&c!C#+'(0,!I>7.N+2%0,*!

! 8L().M)#)/*#')!!!FEZ!

! !

Q+%'N:07?OP!@0'5+,! _USS]`*! m4'%2%N+:! >%(N07'(#! +,+:3(%(! %,! 2'+,(>%(N%6:%,+'3! '#.(#+'NO*b!B,!8.H/U.81/*B).'*.Y!0'('L)&Z.W'#L",0#/.8*)&O#'#*!I>(*!"72O!<0>+;!+,>!C+7:!4O%:20,*!/5(2#'>+5c!G0O,!=#,W+5%,(*!]Rn\S*!

Q+%'N:07?OP!@0'5+,! +,>!"72O!<0>+;! _FZZ\`*! m4'%2%N+:!)%(N07'(#!/,+:3(%(*b! B,!W'#L",0#/.C(,B'/#d.8.=,&('B'#L'%&'*)0O.D*(0"B,L('"*P!T0:*!U*!I>*!H#7,!$+,!)%W;*![0,>0,c!8+?#*!U]^nU^E*!

Q##eP! 87(+,P! "%N;! B#>#5+! +,>! C#2#'! "*"*!<O%2#! _FZZEgUSS^`*!=/B'). F'(/0)LO*!8#'%#(!#>*!D#:#,!>#!8%:$+!G03N#*!87''3!D%::(c!@8<!/>7:2!M%?'+,2!I>7N+2%0,!8#'.$%N#*!

Q07N+7:2P!M%NO#:! _FZ^F`*! mHO#!L'>#'!09!)%(N07'(#*b! B,+7?7'+:![#N27'#! _0'%?%,+:!2%2:#! m[fL'>'#! >7! )%(N07'(bP! 2'+,(:*! -3! B+,!M+[#0>`! +2! 2O#! 40::Ä?#! >#! Q'+,N#P!?%$#,! U!)#N#5-#'! FZ\S*! B,!2*(O'*1. (K/. J/S(V. 8. _"#(5C(0,L(,0)&'#(. E/)B/0*! I>*!"0-#'2!l07,?*![0,>0,c!"072:#>?#*!E^n\^*!

Q07N+7:2P! M%NO#:! _FZ\U`*! JK/. 80LK/"&"1O. "+. 3*"U&/B1/. )*B. (K/. W'#L",0#/. "*.F)*1,)1/*!_H'+,(:*!-3!/*M*!8O#'%>+,!85%2O*`!@#&!l0';c!C+,2O#0,!=00;(*!

Q07N+7:2P!M%NO#:! _USSE`*! mHO#!/'NO#0:0?3!09!J,0&:#>?#*b! B,!F'(/0)0O.JK/"0Od.8*.8*(K"&"1O*! U,>! #>*!I>(*! G7:%#!"%$;%,!+,>!M%NO+#:!"3+,*!M+:>#,c!=:+N;&#::*!ZSnZV*!

Q0'(?i'>P! @%:(! I'%;! _USFF`*!@/$'*1U)OV. I*. [/(0)](/&(#/*! s40,2#56:+2%,?!D#5.%,?&+3*t!D#:(%,?90'(g820N;O0:5c!8X>#'(2'X5(g/2:+,2%(!

K%:-#'2P!K*!@%?#:!+,>!M%NO+#:!M7:;+3!_FZ^E`*!6%/*'*1._)*B"0)N#.?"SV.8.C"L'"5&"1'L)&. 8*)&O#'#. "+. CL'/*('#(#N. W'#L",0#/V! 4+5-'%>?#c! 4+5-'%>?#! 1,%$#'(%23!C'#((*!

K07?O.l+2#(P! /,,+! _USSR`*! 2*B/0#()*B'*1. M"$/*N#. =)1)X'*/#V. _,[&'#K'*1-.=)0]/(#.)*B.E/)B/0#K'%*![0,>0,c!"072:#>?#*!

D#+'(2!5+?+e%,#(!1J*!='+,>(!_USFU`*!s&#-6+?#t!sN%2#>!R'>!G7:3!USFUt!/$+%:+-:#!+2!O226cgg&&&*O#+'(2*N0*7;g5+?+e%,#(g40(5060:%2+,g].+-072*O25!

D#'5#(P!G0;#!_FZZ]`*!E/)B'*1.M"$/*b#.=)1)X'*/#V.8*.8*)&O#'#."+.I7/0OB)O.=/5B').2#/*!4+5-'%>?#c!C0:%23!C'#((*!

D79$7>(2+>(-:+>#2! _USFF`*! m)#! $%::! (:Y,?+! 099#';092+,*b! s4O7N;%,?! 2O#%'! $%N2%5!?+'5#,2(t*!@#&(!(20'3!-3!D#,'%;+!G7(:%,*!D#:(%,?90'(c!J8Q!M#>%+*!FP!V*!

D7?O#(P! J+2O'3,! _USS^`*! m40,(75#'! M+?+e%,#(*! o#+:! +,>! 8092,#((*b! sJK/.4,)0B')*!0,:%,#t!sN%2#>!RS2O!8#62#5-#'!USF]t!/$+%:+-:#!+2!O226cgg&&&*2O#?7+'>%+,*N05g-00;(gUSS^g>#NgUSg&05#,.6'#((+,>67-:%(O%,?!

F]S!!!8L().M)#)/*#')!

!

DX?:7,>P!M+W.='%22! _USS\`*!bG,*-.G/)0&/##.G/$)&/#*!)#(N'%62%0,(!09! 2O#!40(50!K%':!%,!2O#!I>%20'%+:(!09!40(5060:%2+,!1J*b!1,67-:%(O#>![%N#,2%+2#!HO#(%(*!T++.(+c!1,%$#'(%23!09!T++(+*!

DX?:7,>P!M+W.='%22! _USS^`*!m1(%,?! 2O#!<0'>(!09!L2O#'(c! p"#60'2#'f(!$0%N#f!+,>!2O#! N0,(2'7+:! 09! 0-W#N2%$%23! %,! 2O#! '#60'2%,?! 09! 60:%2%N+:! N0,9:%N2! %,! Q%,:+,>*b! B,!!"$$,*'L)('*1.!"*+&'L(V.=,&('&'*1,)&.!)#/.C(,B'/#."+.(K/.H/U#.=/B')*!I>(*!I*/*!HO05(0,!+,>!C*"*"*!<O%2#*![0,>0,c!40,2%,775*!UU\nU]U*!

mB(!+!4O#+2b*!<#-(%2#!0,!'#$#,?#*!s&#-6+?#t!sN%2#>!US2O!/6'%:!USFSt!/$+%:+-:#!+2!O226cgg&&&*%(+NO#+2*N05!

G+$+!H720'%+:(c!b<O+2!B(!+,!B,2#'9+N#rb!s&#-6+?#t!sN%2#>!U]2O!G7:3!USFUt!/$+%:+.-:#!+2!O226cgg>0N(*0'+N:#*N05gW+$+(#g2720'%+:gW+$+gN0,N#62(g%,2#'9+N#*O25:!

G0;%,#,P! /'W+P! J%'(%! G7O%:+! +,>! I#'0! 870,%,#,! _FZZR`*!W'#],0##')*)&OO#'*. ))]5]"#/(*!H+56#'#c!T+(2+6+%,0*!

J%5P!G+,,+![*!+,>!M0,%k7#![*!<+'>!_USFU`*!b82'%$%,?!90'!C:#+(7'#!<%2O072!Q#+'c!8O0'2.H#'5!I99#N2(!09!"#+>%,?!+!<05#,f(!M+?+e%,#!0,!<05#,f(!8#d7+:!/22%.27>#(b*!_#OLK"&"1O."+.M"$/*.m,)0(/0&OP!T0:*!RVgRP!RUVnRRV*!

J'#((P!K7,2O#'!q!$+,![##7&#,P!HO#0!_USSF`*!=,&('$"B)&.W'#L",0#/V.JK/.="B/#.)*B.=/B')."+.L"*(/$%"0)0O.!"$$,*'L)('"**![0,>0,c!/',0:>*!

[#P!I:%(+-#2O!_USFS`*!IB'("0')&#.)*B.(K/._"U/0."+.=/B')*!/5(2#'>+5c!G0O,!=#,.W+5%,*!

F/1)&&O.?&"*B/. ;*!)%'*!"0-#'2![7;#2%N*! C#'9*!"##(#!<%2O#'(600,P![7;#!<%:(0,P!8#:5+!=:+%'P!M+22O#&!)+$%#(*!M#2'0.K0:>&3,.M+3#'! _USSF`*! s&#-6+?#t! sN%2#>!UZ2O!/6'%:!USFFt!B,90'5+2%0,!+$+%:+-:#!+2!O226cgg&&&*%5>-*N05g2%2:#g22SU]SEZEg!

F/1)&&O.?&"*B/.9*!)%'*!4O+':#(!D#'5+,.<7'59#:>*!C#'9*!"##(#!<%2O#'(600,P!8+:.:3! Q%#:>P! =0-! @#&O+'2*! M#2'0.K0:>&3,.M+3#'! _USSR`*! s&#-6+?#t! sN%2#>! UZ2O!/6'%:!USFFt!B,90'5+2%0,!+$+%:+-:#!+2!O226cgg&&&*%5>-*N05g2%2:#g22SRRR\^Sg!!:fL'|+:!_USFF`*!L99%N%+:!N056+,3!&#-(%2#*!sN%2#>!F^2O!G7:3!USFFt*!/$+%:+-:#!+2!!O226cgg&&&*:0'#+:*N05g~#,g~&&g%,>#d*+(6dr>%'#N2F�SSSSRq>%'#N2U!�SSSSRgSSSSR!

F"#(*!HT.(#'%#(*!)%'*!G+N;!=#,>#'P!82#6O#,!<%::%+5(!#2!+:*!C'0>7N#'!/=4!827>%0(P!=+>! '0-02! C'0>7N2%0,! +,>! K'+((! 8;%'2! C'0>7N2%0,(*! s&#-6+?#t! sN%2#>! FS2O! M+3!USFSt!/$+%:+-:#!+2!O226cgg+-N*?0*N05g(O0&(g:0(2!

M+NO%,P!)+$%>!+,>! G0+,,+!HO0',-0''0&! _USSR`*! m='+,>%,?!+,>!)%(N07'(#c!HO#!4+(#!09!!"#$"%"&'()**b!W'#L",0#/.l.C"L'/(OP!T0:*!FEgEP!E]RnE\F*!

! 8L().M)#)/*#')!!!F]F!

! !

M+NO%,P!)+$%>!+,>!G0+,,+!HO0',-0''0&!_USSV`*!m[%9#(23:#!+,>!2O#!)#60:%2%N%(+.2%0,!09!/?#,N3c!8#d!+(!C0&#'!%,!&05#,f(!M+?+e%,#(*b!C"L')&.C/$'"('L#P!T0:*!FVc!FP!F\RnF^^*!

M+NO%,P!)+$%>!+,>!HO#0!$+,![##7&#,!_USSR`*!mK:0-+:!8NO#5+(!+,>![0N+:!)%(.N07'(#(!%,!!"#$"%"&'()**b!\",0*)&."+.C"L'"&'*1,'#('L#P!T0:*!\gEP!EZRn]FU*!

M+NO%,P!)+$%>!+,>!HO#0!$+,![##7&#,!_USSE`*!mK:0-+:!M#>%+c!K#,#'%N!D050?.#,%23! +,>! >%(N7'(%$#!)%$#'(%23*b! \",0*)&. "+.=/B').l.!,&(,0)&. C(,B'/#P!T0:*! F^P!@0*!FP!ZZnFUS*!

M+NO%,P!)+$%>! +,>!HO#0! $+,![##7&#,! _USS]`*! m[+,?7+?#! 823:#! +,>![%9#(23:#c!HO#!4+(#!09!+!K:0-+:!M+?+e%,#*b!=/B')-.!,&(,0/.l.C"L'/(OP!T0:*!U\gEP!]\\nVSS*!

M+?90'75! _USSF.FU`*! m<05#,f(! M0,2O:3! M+?+e%,#(*! FZ! 20! !"#$"%"&'()**b!s&#-6+?#t!sN%2#>!FU2O!LN2*!USSVP!^2O!@0$*!USFSt!/$+%:+-:#!+2!O226cgg&&&*5+?90'75*N05g?:0((%#(gFZ*O25!!M+?90'75! _USSV.USFU`*! m<05#,f(! M0,2O:%#(c! >#2+%:(! +,>! (+:#(*b! sN%2#>! F\2O!M+'NO!USFVt!/$+%:+-:#!+2!O226cgg&&&*5+?90'75*N05g?:0((%#(g&05#,(~?:0((%#(*O25Å2+U!

M+?90'75!_USSF.USFU`*!@+2%0,+:!M+?+e%,#!4056+,3*!M0,2O:3!4%'N7:+2%0,!Q%?.7'#(!%,!2O#!1J!%,!USS^*!sC)Q!9%:#t!sN%2#>!UZ2O!LN2*!USFSt!/$+%:+-:#!+2!O226cgg&&&*,+25+?(*N0*7;g%,>#d*6O6g$FgM0,2O:3~4%'N7:+2%0,~Q%?7'#(!

M+?90'75!_USSF.USFU`*!D#+'(2!1JP!90'5#':3!@+2%0,+:!M+?+e%,#!4056+,3![2>*!s&#-6+?#t!sN%2#>!FU2O!LN2*!USSVt!/$+%:+-:#!+2!O226cgg&&&*5+?90'75*N05g5+?67-(F*O25Å,+2!

M+?90'75!_USSV`*!<05#,f(!M0,2O:%#(! %,! 2O#!1J*!4%'N7:+2%0,!USS]*! s&#-6+?#t!sN%2#>!FU2O!LN2*!USSVt!/$+%:+-:#!+2!O226cgg5+?90'75*N05g?:0((%#(g&05#,(~?:0((%#(*O25!

@+2%0,+:!M+?+e%,#(!_USSV`*!!"#$"%"&'()*P!M#>%+,!/?#!09!2O#!!"#$".4'0&!USSV*!s&#-6+?#t!sN%2#>!UF(2!@0$*USSVt!L'%?%,+::3!+$+%:+-:#!+2!O226cgg&&&*,+25+?(*N0*7;g(27>#,2(g>#50?'+6O%N*+(6!C+?#!,0!:0,?#'!+$+%:+-:#!0,!2O#!%,2#',#2!sFZ2O!G7:3!USFUtP!0'%?%,+:!6'%,2072!?%$#,!+(!/66#,>%d!F*!!

@+2%0,+:!M+?+e%,#(!_USFS`*!!"#$"%"&'()*!"+2#!4+'>P!4%'N7:+2%0,!+,>!"#+>#'(O%6!%,!USFS!_,02!099%N%+::3!$#'%9%#>!-3!@+2%0,+:!"#+>#'(O%6!87'$#3`*!sC)Q!9%:#t!sN%2#>!^2O!@0$*!USFSt!/$+%:+-:#!+2!O226cgg&&&*,+25+?(*N0*7;g%,>#d*6O6g$Fg"+2#~4+'>!

@+2%0,+:!M+?+e%,#(!_USFS`*!!"#$"%"&'()*!"+2#!4+'>c!M#>%+,!/?#!09!2O#!!"#$".4'0&!USFS*!sC)Q!9%:#t!sN%2#>!^2O!@0$*!USFSt!/$+%:+-:#!+2!!O226cgg&&&*,+25+?(*N0*7;g%,>#d*6O6g$Fg"+2#~4+'>*! C+?#! ,0! :0,?#'! +$+%:+-:#! 0,!2O#!%,2#',#2!sFZ2O!G7:3!USFUtP!#dN#'62!9'05!0'%?%,+:!6'%,2072!?%$#,!+(!/66#,>%d!U*!

F]U!!!8L().M)#)/*#')!

!

M+'2%,P!G*"*!_FZ^E`*! z[+,?7+?#P!'#?%(2#'!+,>!?#,'#z! %,!!K'&B0/*.M0'('*1d.E/)B/0V.I>%2#>!-3!)#+;%,!1,%$#'(%23!C'0>7N2%0,!1,%2P!)#+;%,!1,%$#'(%23P!/7(2'+:%+*!

M+'2%,P!G*"*!+,>!"0(#P!)+$%>!_USSR`*!M"0]'*1.U'(K.W'#L",0#/V.=/)*'*1.[/O"*B.(K/.!&),#/*![0,>0,c!40,2%,775*!

MNK7%'#P! [+7'#,! _USFS`*! mHO#! I$0:72%0,! 09!!"#$"%"&'()*! M+?+e%,#*b! B,! JK/.C"L'/(O._)1/#-.C"L'"&"1'L)&.D$)1/#*!s&#-6+?#t!sN%2#>!^2O!@0$*!USFSt!/$+%:+-:#!+2!O226(cgg2O#(0N%#236+?#(*0'?g(0N%5+?#(gUSFSgSEgUVg?7#(2.60(2.2O#.#$0:72%0,.09.N0(5060:%2+,.5+?+e%,#g!

MNB:O#,,3P!=0,,%#!8!_FZZ]`*!m4O+::#,?%,?!D#?#50,%N!M+(N7:%,%2%#(*b!B,!4/*B/0.80('L,&)(/BV.F)*1,)1/.)*B.(K/.C"L')&&O.!"*#(0,L(/B.C/&+*!I>(*!J%'+!D+::!+,>!M+'3!=7NO0:2e*![0,>0,c!"072:#>?#*!UF\nUER*!

MN[7O+,P!M+'(O+::!_FZVE`*!2*B/0#()*B'*1.=/B')d.JK/.IS(/*#'"*#."+.=)**!@#&!l0';c!MNK'+&.D%::*!

MN"0--%#P! /,?#:+! _FZZE`*! _"#($"B/0*'#$. )*B. _"%,&)0. !,&(,0/*! [0,>0,c!"072:#>?#*!

M%::(P!8+'+!_USSE`*!W'#L",0#/*!U,>!#>%2%0,*![0,>0,c!"072:#>?#*!

M%::(P! 8+'+! _USS^`*! F)*1,)1/. )*B. C/S'#$*! 4+5-'%>?#c! 4+5-'%>?#! 1,%$#'(%23!C'#((*!

M0%P! H0'%:! _FZ^]`*! C/S,)&nJ/S(,)&. _"&'('L#d. G/$'*'#(. F'(/0)0O. JK/"0O*! [0,>0,c!"072:#>?#*!

@+2%0,+:!"#+>#'(O%6!87'$#3!USSZ*!sC)Q!9%:#t!sN%2#>!UZ2O!LN2*!USFSt!/$+%:+-:#!+2!O226cgg&&&*,'(*N0*7;g206:%,#'#+>#'(O%6*O25:!

JK/.6S+"0B.W'L('"*)0O."+.H,0#/0O.EKO$/#!_FZVZ`*!I>(*!B0,+!L6%#!+,>!C#2#'!L6%#*!Q'05!N0''#N2#>!(O##2(!09!2O#!U,>!%56'#((%0,*!Ld90'>c!4:+'#,>0,!C'#((*!

C022#'P!G0,+2O+,!+,>!M+'?+'#2!<#2O#'#::!_FZ^\`*!W'#L",0#/.)*B.C"L')&._#OLK"&"51OV.?/O"*B.8(('(,B/#.)*B.?/K)7'",0V![0,>0,c!8+?#*!

CC/!M+';#2%,?!_USS]`*!/>$#'2%(%,?!Id6#,>%27'#!0,!40,(75#'!M+?+e%,#(*!sN%2#>!UF(2!@0$*!USSVt!/$+%:+-:#!+2!O226cgg&&&*66+5+';#2%,?*,#2gN?%.-%,g?0*6:g>+2+.2'#,>(g+'2%N:#*O25:r7%>�FV\!

CC/!M+';#2%,?! _USS]`*!40,(75#'!Id6#,>%27'#!0,!M+?+e%,#(*! s&#-6+?#t! sN%2#>!UU,>!@0$*!USSVt!/$+%:+-:#!+2!O226cgg&&&*66+5+';#2%,?*,#2gN?%.-%,g&5(*6:gVS!

CC/! M+';#2%,?! _USFS`*! 40,(75#'! Id6#,>%27'#! 0,! 40,(75#'! M+?+e%,#(*!s&#-6+?#t!sN%2#>!UZ2O!LN2*!USFSt!/$+%:+-:#!+2!O226cgg&&&*66+*N0*7;g66+.5+';#2%,?g&O3.5+?+e%,#(g!!

! 8L().M)#)/*#')!!!F]R!

! !

mHO#! "#$#,?#! K73b*! <#-(%2#! 0,! '#$#,?#*! s&#-6+?#t! sN%2#>! US2O! /6'%:! USFSt!/$+%:+-:#!+2!O226cgg&&&*'#$#,?#?73*N05!

"#%(%?:P!M+'2%,!+,>!"72O!<0>+;!_USSF`*!W'#L",0#/.)*B.W'#L0'$'*)('"*V.EK/("0'L#."+.E)L'#$.)*B.8*('#/$'('#$*![0,>0,c!"072:#>?#*!

8+,2O+;75+'+,P! )O+'(O%! _USSE`*! mH+:;%,?! 20! 82'+,?#'(c! H+;%,?! />$%N#! 9'05!<05#,f(!M+?+e%,#(b*!C+6#'!6'#(#,2+2%0,!+2!2O#!80N%0:%,?7%(2%N(!83560(%75!F]P!1,%$#'(%23!09!@#&N+(2:#P!F(2! .!]2O!/6'%:!USSEP!-+(#>!0,!7,67-:%(O#>!>%((#'2+2%0,P!1,%$#'(%23!09!I>%,-7'?O*!

8N0::0,P!"0,!+,>!87e%#!<0,?!8N0::0,!_USS]`!m[%?O2%,?!2O#!820$#c!<O3!D+-%27(!B(,f2! I,07?O! 90'! 4'%2%N+:! )%(N07'(#! /,+:3(%(b*! B,! 8. H/U. 81/*B). '*. Y!0'('L)&Z.W'#L",0#/.8*)&O#'#*!I>(*!"72O!<0>+;!+,>!C+7:!4O%:20,*!/5(2#'>+5c!G0O,!=#,.W+5%,(*!FSFnFF\*!

8%%$0,#,P!G0,%2+!_FZZZ`*!8("0.8**)-.F'(/*.8**)."LK.('".)*B0).%/0#"*%"0(0o((V.6$.'**/Kp&&#&'1)."LK.#%0p]&'1).$A*#(/0. './*.$/B'/1/*0/#.]7'**"[/#]0'7*'*1)0*! s=%?!/,,+P! [%22:#! /,,+! +,>! H#,!L2O#'! C#'(0,! C0'2'+%2(*! /-072! 40,2#,2."#:+2#>! +,>![%,?7%(2%N!C+22#',(! %,! 2O#!)#(N'%62%0,(!09!<05#,! %,!+!M#>%+!K#,'#*t!C7-:%(O#>![%N#,2%+2#!2O#(%(*!D#:(%,?90'(c!88JD!8;'%92#'!@'!FF*!

8%%$0,#,P!G0,%2+!_USS\`*!_/0#"*%"0(0o((/(.#"$.('B*'*1#1/*0/d.I*.*o0&o#*'*1##(,5B'/.$/B.+"],#.%p.'**/Kp&&#&'1).(/$)*-.[/0o(()0]"*7/*('"*/0."LK.]A**!sHO#!C#'(0,!C0'2'+%2! +(! +! C'%,2! M#>%+! K#,'#c! 4:0(#! "#+>%,?! Q0N7(%,?! 0,! 40,2#,2."#:+2#>!HO#5#(P! @+''+2%$#! 40,$#,2%0,(! +,>! K#,>#'*t! C7-:%(O#>! >0N20'+:! >%((#'2+2%0,*!D#:(%,?90'(c!88JD!8;'%92#'!@'!U]*!

m80!l07f$#!=##,!)756#>b*!<#-(%2#!0,!'#$#,?#*!sN%2#>!US2O!/6'%:!USFSt!/$+%:+.-:#!+2!O226cgg&&&*(0307$#-##,>756#>*N05!

82#%,#5P!K:0'%+!_FZZS`*!m8#dP![%#(!+,>!/>$#'2%(%,?*b!I:#N2'0,%N!>0N75#,2!sN%2#>!U]2O!8#62*!USFFt!/$+%:+-:#!+2!!O226cgg&&&*7>#:*#>7gN055UE]g'#+>%,?(g+>$#'2%(%,?*6>9!

8%660:+P!M%';;+!_USSF`*!mM+?+e%,#!H'+,(:+2%0,*!)05#(2%N+2%0,!%,!2O#!/'2%N:#(!%,!2O#! Q%,,%(O! !"#$"%"&'()**! 1,67-:%(O#>! M+(2#'f(! HO#(%(*! T++(+c! 1,%$#'(%23! 09!T++(+*!

87,>#':+,>P!G+,#!_USSE`!4/*B/0/B.W'#L",0#/#*!=+(%,?(20;#c!C+:?'+$#*!

87220,P![+7'#:!/!_FZZZ`*!m/::!M#>%+!/'#!4'#+2#>!Ik7+:c!)0.B2.l07'(#:9!B>#,2%23!%,!/:2#',+2%$#!C7-:%(O%,?*b! B,!E/'*7/*('*1. DB/*('('/#V.JK/.4/*B/0/B.C/&+. '*.W'#5L",0#/*!I>(*!M+'3!=7NO0:2eP!/*4*![%+,?! +,>![+7'#:!/*!87220,*!Ld90'>c!Ld90'>!1,%$#'(%23!C'#((*!FVRnF^S*!

F]E!!!8L().M)#)/*#')!

!

H+:-02P!M+'3!_FZZ]`*!m/!83,2O#2%N!8%(2#'O00>c!Q+:(#! 9'%#,>(! %,!+! 2##,+?#!5+?+.e%,#*b! B,!4/*B/0.80('L,&)(/BV.F)*1,)1/.)*B. (K/.C"L')&&O.!"*#(0,L(/B.C/&+*!I>(*!J%'+!D+::!+,>!M+'3!=7NO0:2e*![0,>0,c!"072:#>?#*!FERnFV]*!

H0:(0,P!/,>'#&!_FZZV`*!=/B')('"*#V.J/S(.)*B.W'#L",0#/.'*.=/B').C(,B'/#*![0,.>0,c!/',0:>*!

T+,>#:#3P! G#((%N+! _USFS`! m!"#$"%"&'()*! M+?+e%,#! n! <05#,f(! =#(2! Q'%#,>b!s&#-6+?#t!sN%2#>!^2O!@0$*!USFSt!/$+%:+-:#!+2!O226cgg#e%,#+'2%N:#(*N05gr40(5060:%2+,.M+?+e%,#...<05#,(.=#(2.Q'%#,>q%>�U^FUSV]!!

$+,!)%W;P!H#7,!/*!_USSR`!m4'%2%N+:!)%(N07'(#!/,+:3(%(*b!B,!JK/.@)*B[""]."+.W'#5L",0#/.8*)&O#'#*!I>(*!)#-0'+O!8NO%99'%,P!)#-0'+O!H+,,#,P!+,>!D#%>%!I*!D+5%:.20,*!R]UnR\F*!

$+,! )%W;P! H#7,! /*! _USS]`*! m40,2#d27+:! J,0&:#>?#! M+,+?#5#,2! %,! )%(N07'(#!C'0>7N2%0,c!/!4)/!C#'(6#N2%$#*b!B,!8.H/U.81/*B).'*.Y!0'('L)&Z.W'#L",0#/.8*)&5O#'#*!I>(*!"72O!<0>+;!+,>!C+7:!4O%:20,*!/5(2#'>+5c!G0O,!=#,W+5%,(*!\FnFSS*!

$+,! [##7&#,P! HO#0! _USS]`*! mHO'##! M0>#:(! 09! B,2#'>%(N%6:%,+'%23*b! B,! 8. H/U.81/*B). '*. Y!0'('L)&Z. W'#L",0#/. 8*)&O#'#*! I>(*! "72O! <0>+;! +,>! C+7:! 4O%:20,*!/5(2#'>+5c!G0O,!=#,W+5%,(*!RnF^*!

<+?,#'P!B,+!q!"72O!<0>+;!_USSV`*!mC#'90'5%,?!87NN#((c!B>#,2%93%,?!82'+2#?%#(!09!8#:9.C'#(#,2+2%0,!%,!<05#,f(!=%0?'+6O%N+:!@+''+2%$#(*b!W'#L",0#/.)*B.C"L'/5(OP!T0:!F\c!RP!R^]nEFF*!

<#2O#'#::P!M+'?+'#2!q!G0,+2O+,!C022#'!_FZ^^`*!m)%(N07'(#!/,+:3(%(!+,>!2O#!B>#,.2%9%N+2%0,! 09! B,2#'6'#2%$#! "#6#'20%'#(*b! B,! 8*)&O#'*1. I7/0OB)O. IS%&)*)('"*V. 8.!)#/[""]."+.=/(K"B#*!I>*!4O+':#(!/,2+;%*![0,>0,c!8+?#*!FV^nF^R*!

<O%2#O0',#P!L:%$#'!_FZZ\gUSS\`*!a!"#$".M"$)*NV.JK/.M"0&B."+.M"$/*N#.=)1)5X'*/#V!U,>!#>*!M+%>(20,#c!4'#(N#,2!M00,!C7-:%(O%,?*!

<0>+;P! "72O! _USSF+`*! m<O+2! 4)/! B(!/-072! n! +! 8755+'3! 09! B2(!D%(20'3P! B5.60'2+,2!40,N#62(!+,>!B2(!)#$#:065#,2(b*!B,!=/(K"B#."+.!0'('L)&.W'#L",0#/.8*)&O5#'#*!I>(*!"72O!<0>+;!+,>!4O+':#(!M#3#'*![0,>0,c!8+?#*!FnFR*!

<0>+;P!"72O!_USSF-`*!mHO#!)%(N07'(#nD%(20'%N+:!/66'0+NOb*!B,!=/(K"B#."+.!0'(5'L)&.W'#L",0#/.8*)&O#'#*!I>(*!"72O!<0>+;!+,>!4O+':#(!M#3#'*![0,>0,c!8+?#*!VR.nZE*!

! 8L().M)#)/*#')!!!F]]!

! !

/CCI@)B4I8!

/66#,>%d!F!

C'%,2072!9'05!

O226cgg&&&*,+25+?(*N0*7;g(27>#,2(g>#50?'+6O%N*+(6!

4%2#>!0,!UF(2!@0$*!USSVP!&#-6+?#!,0!:0,?#'!+$+%:+-:#!0,!FZ2O!G7:3!USFU*!

!

I)BHL"c!8+5!=+;#'!!

H02+:!4%'N7:+2%0,c!EVFPVFS!_/=4!G7:.)#N!USS]`!

/>7:2!"#+>#'(O%6c!FPZUFPSSS!_@"8!G7:.)#N!USS]`!

<05#,!"#+>#'(O%6c!FP\FZPSSS!_@"8!G7:.)#N!USS]`!

M#>%+,!/?#c!U^!

='%2%(O!!"#$"%"&'()*!&+(! :+7,NO#>! %,!M+'NO!FZ\U*!HO#!5+?+e%,#! %(!;,0&,!90'!%2(! N'#+2%0,! 09! 2O#! p!"#$"%"&'()*.4'0&f*! HO#! :%-#'+2#>!!"#$"!4'0&! N07:>! +22'+N2!5#,P!O+$#!+!N+'##'P!5+;#!2O#!-#(2!09!O#'(#:9!+,>!%56'0$#!O#'!(#d!:%9#*!B2!&+(!+,!%55#>%+2#!+,>!072(2+,>%,?!(7NN#((*!!

!"#$"%"&'()*P!(#::%,?!+:50(2!O+:9!+!5%::%0,!N06%#(!#$#'3!50,2O!%,!2O#!1JP!:#+>(!%,!2O#!5+';#2!90'!307,?!&05#,f(!5+?+e%,#(*!HO#!5+?+e%,#!%(!+!60&#'97:!-'+,>!&%2O!+!(06O%(2%N+2#>!%5+?#*!!"#$"%"&'()*!%(!,0&!+,!%,2#',+2%0,+:!5+?+e%,#!&%2O!#>%2%0,(!%,!2O#!18/P!/7(2'+:%+P!='+e%:P!Q'+,N#P!K#'5+,3P!K'##N#P!D0::+,>P!D0,?!J0,?P!G+6+,P![+2%,!/5#'%N+!+,>!8072O!/9'%N+*!

4L"I!=1lI"!n!HO#!!"#$"%"&'()*!N0'#!-73#'!%(!/=4F!+,>!%,!O#'!5%>!20!:+2#!2&#,2%#(*! B,2#::%?#,2! +,>! %,>#6#,>#,2P! (O#! %(! >#2#'5%,#>! 20! (7NN##>!n! %,!O#'! N+.'##'P!O#'!(0N%+:!:%9#!+,>!O#'!'#:+2%0,(O%6(*!8O#!&+,2(!20!2+;#!97::!+>$+,2+?#!09!2O#!5+,3! #dN%2%,?! NO0%N#(! +,>! 0660'27,%2%#(! 06#,! 20! O#'P! -72! (O#! 7,>#'(2+,>(! 2O+2!(#:9.97:9%:5#,2! N05#(! 9'05! O+$%,?! 97,! +,>! %,>7:?%,?! O#'(#:9P! +(! 57NO! +(! 9'05!&0';!+,>!9%,+,N%+:!+NO%#$#5#,2(*!

!

F]V!!!8L().M)#)/*#')!

!

/66#,>%d!U!

!

IdN#'62! 9'05! 2O#!@+2%0,+:!M+?+e%,#(!"+2#!4+'>!USFSP! 6+?#!U*!C)Q! 9%:#! >0&,.:0+>#>!9'05!O226cgg&&&*,+25+?(*N0*7;g%,>#d*6O6g$Fg"+2#~4+'>*!!4%2#>!0,!^2O!@0$*!USFSP!&#-6+?#!,0!:0,?#'!+$+%:+-:#!0,!FZ2O!G7:3!USFU*!

!

! 8L().M)#)/*#')!!!F]\!

! !

/66#,>%d!R!

I>%20'%+:!09!!"#$"%"&'()*!1J!I>%2%0,!LN20-#'!USSV!!

L,#!09!2O#!9%'(2!2O%,?(!B!>%>!&O#,!B!-#N+5#!I>%20'!09!!"#$"!&+(!20!'#%,2'0>7N#!2O#!8#d!q!HO#!8%,?:#!4'0&!N0:75,*!HO#'#!&#'#! 2&0!'#+(0,(!90'! 2O%(c! 9%'(2:3P!-#.N+7(#!(#d!+,>!2O#!(%,?:#!1'0&!%(!&O+2!!"#$"!%(!+::!+-072P!+,>!O+(!-##,!#$#'!(%,N#!%2!&+(!907,>#>!%,!2O#!18!0$#'!ES!3#+'(!+?0!-3!D#:#,!K7':#3!='0&,!+(!2O#!-%-:#!90'!(#d3P!%,>#6#,>#,2!307,?!&05#,*!=72!+:(0P!-#N+7(#!(05#2%5#(!%2!%(!207?O!9:3%,?!(0:0!_+,>!+2!02O#'!2%5#(!307!&07:>,f2!?%$#!%2!76!90'!+::!2O#!(%,?:#!5#,!%,!/:+(;+`P!&#!&+,2#>!20!>#>%N+2#!+!N0:75,!20!2O#!6:#+(7'#(P!6+((%0,(!+,>!6%29+::(!09!2O#!(%,.?:#! :%9#*! HO%(! &+(! +! 6+?#! &O#'#! (%,?:#20,(! N07:>! $#,2P! (O+'#! 2O#! 2O%,?(! 2O#3f>!:#+',2!+-072!-#%,?!(%,?:#!+,>!&O3P! %,!5+,3!N+(#(P! 2O#3f>!N05#!20! :0$#! %2*!HO#%'!(20'%#(!n!092#,!97,,3P!(05#2%5#(!N'%,?#.5+;%,?!+,>!+:&+3(!pLO!53!?0>P!5#!200f!n! O+$#!5+>#!!"#$"f(! -+N;! 6+?#! +!57(2.27',.20! #$#'3!50,2O*!<O+2!&#! O+>,f2!'#+:%(#>!&+(! 2O+2! #+NO! N0:75,!+:(0!099#'#>!0,#!&05+,f(! 0&,!6#'(0,+:! '7:#! 90'!:%$%,?!2O#!(%,?:#!:%9#*!HO+2!:%?O2,%,?!-0:2!0,:3!(2'7N;!&O#,!0,#!'#+>#'!&'02#!20!7(!+92#'!'#+>%,?!0,#!&'%22#,!-3!8O+,#!<+2(0,!#+':3!:+(2!3#+'*!B,!%2P!8O+,#!O+>!&'%22#,!2O+2! p2O#! '#+::3! (#>7N2%$#! +(6#N2!09!-#%,?! (%,?:#! %(! O06#P! %2f(! 2O+2! (%56:#x&O#,!307f'#!(%,?:#!O#!&0':>!%(!97::!09!0660'27,%2%#(f*!m8O+,#!<+2(0,!NO+,?#>!53!+22%.27>#bP! 2O#!'#+>#'! 20:>!7(*!mI$#'!(%,N#!53!9%+,N|!>756#>!5#!B! 9#:2!>#(6#'+2#P!0,!2O#!(O#:9x8O+,#!5+>#!5#!(##!2O%,?(!>%99#'#,2:3!+,>!Bf$#!-##,!:%$%,?!-3!O#'!(%,.?:#! '7:#! #$#'! (%,N#!+,>!O+$#!,#$#'!-##,!O+66%#'*b!80P! 20!N#:#-'+2#! 2&0!3#+'(!09!8#d!q!HO#!8%,?:#!4'0&P!&#f$#!N05-%,#>!07'!9+$07'%2#(!%,!+,!p^!"7:#(!/::!8%,?:#!4'0&(!8O07:>!J,0&f! (6#N%+:! 0,!6ZE*!/,02O#'! 2O%,?!307! (O07:>!;,0&! %(! 2O+2! 0,!6URV!&#f'#! ?%$%,?! +&+3! 9%$#! (#2(! 09! 2O#! ^S! -#(2! -#+723! 6'0>7N2(! %,! 2O#!&0':>P!&0'2O! w! FPESS*! HO#(#! 6'0>7N2(P! 2O#! &%,,#'(! 09!!"#$"f(! 907'2O! +,,7+:! =#+723!/&+'>(P!+'#!?#,7%,#:3!2O#!$#'3!-#(2!%,!N:+((!+(!6%N;#>!-3!!"#$"f(!#d6#'2!W7>?#(!n!+,>!307!2O#!'#+>#'*!)0,f2!5%((!307'!NO+,N#!20!2'3!2O#5!+::!90'!9'##*!

8+5!_O+,>&'%22#,`!

8/M!=/JI"P!I)BHL"!

! K02! +! (6+'#! :7,NO! O07'r! 4O#N;! 072!!"#$"f(! ?0'?#07(! ,#&! &#-(%2#! +2!&&&*N0(5060:%2+,*N0*7;!90'!(#d!+>$%N#P!'#:+2%0,(O%6!NO+2P!(O066%,?!2%6(P!(#d3!N#,2'#90:>(!+,>!57NO!50'#*!

!

F]^!!!8L().M)#)/*#')!

!

/66#,>%d!E!

I>%20'%+:!09!!"#$"%"&'()*!1J!I>%2%0,!@0$#5-#'!USSE!

8%22%,?! %,! +! N+9#! 2O#! 02O#'! >+3P! B! 0$#'O#+'>! +! N0,$#'(+2%0,! 2O+2! '#+::3!5+>#!5#!2O%,;*!@#&!?0$#',5#,2!(2+2%(2%N(!+-072!(0+'%,?!8HB!'+2#(!O+>!W7(2!-##,!67-:%(O#>P!+,>!307!N07:>,f2!06#,!+!,#&(6+6#'!&%2O072!N0,N:7>%,?!&#!&#'#!+::!'%>>:#>!&%2O!%,9#N2%0,*!HO'##!&05#,!n!307'! +$#'+?#! 2&#,23(05#2O%,?!1'0&(! n!&#'#!O+$%,?! +!:7,NO.O07'!?0((%6!+2!2O#!2+-:#!-#O%,>!5#*!/(!+:&+3(P!2O#3!2+:;#>!+-072!5#,!_O0&!N'+6g?'#+2!2O#3!+'#`P!(#d!_O0&!N'+6g?'#+2!2O+2!N+,!-#`!+,>!2O#,!0,#!09!2O#5!5#,.2%0,#>!p+::!2O#!97((f!+-072!8HB(*!pB2f(!'#+::3!(N+'3Pf!(O#!(+%>*!pBf5!(0!?:+>!%2!>0#(,f2!+99#N2!5#*f!D#'! 9'%#,>(! -02O! ,0>>#>! %,! +?'##5#,2*! pB! ;,0&Pf! 0,#! 09! 2O#5! (+%>*!pHO+,;!K0>!1'0&(!:%;#!7(!>0,f2!?#2!8HB(*f!

B!&+(!(O0N;#>c!<#'#! 2O#3!$%'?%,(!0'!0,#.5+,!&05#,!&O0!O+>!+::!5+''%#>!0,#.&05+,!5#,r!L'!5+3-#!2O#3!O+>!,#$#'P!#$#'!O+>!7,6'02#N2#>!(#dP!,02!#$#,!&O#,!2O#3!&#'#!>'7,;*!=72!,0P! %2! 27',#>!072P! +(! 2O#!N0,$#'(+2%0,!N0,2%,7#>P! 2O+2! 2O#%'!6#'N#%$#>!%557,%23!N+5#!9'05!-#%,?!,%N#P!0'>%,+'3!&05#,P!&%2O!?00>!W0-(!+,>!9+(O%0,+-:#!N:02O#(P!&O0!O+>!,02NO#>!76!50'#!2O+,!+!9002-+::!2#+5!-#2&##,!2O#5P!-72!&#'#!N7''#,2:3!&%2O!5#,!2O#3!2'7(2#>*!HO%(P!2O#3!+?'##>P!5#+,2!2O#3!&#'#!8HB.9'##*!/,>!%2!5+>#!5#!2O%,;P!5+3-#!2O+2f(!&O3!2O#!8HB!'+2#(!+'#!(0+'%,?!n!&05#,!:%;#! 7(! -#:%#$#!8HB(! 0,:3! +99#N2! 02O#'! 6#06:#*! 80P!&#f'#! '#%,2'0>7N%,?!40(50f(!C+((%0,!"07:#22#!4+56+%?,c!07'!(#$#,!6+?#!(#N2%0,!%(!2O#!50(2!+72O0'%2+2%$#!8HB!532O.-7(2%,?!?7%>#!307f::!#$#'!'#+>*!

HO%(!50,2O!+:(0!(##(!2O#!'#27',!09!!"#$"f(!8#d!q!HO#!8%,?:#!4'0&!N0:75,*!<%2O!50'#!&05#,!2O+,!#$#'!:%$%,?!:%9#!0,!2O#%'!0&,!2#'5(P!+,>!:0$%,?!%2P!&#!>#N%>#>!20!(%,?!2O#!6'+%(#(!09!2O#!(%,?:#!:%9#*!80P!&O#2O#'!307f'#!-#2&##,!-039'%#,>(P!57:2%.>+2%,?!0'! W7(2! 200!-7(3!_0'!#$#,!W7(2!,0(2+:?%N!90'!307'!(%,?:#!>+3(a`P!&#f'#!(7'#!T%N20'%+! 40'#,f(! %,(%?O297:! +,>! #,2#'2+%,%,?! :00;! +2! &O3! 5#,! N+,f2! N06#! &%2O!57:2%.9+N#2#>!50>#',!&05#,!&%::!(2'%;#!+!NO0'>*!

HO#'#f(!(0!57NO!50'#!B!&+,2!20!2#::!307!+-072P!-72!O#'#!+'#!W7(2!+!9#&!2O%,?(!Bf>!O+2#!307!20!5%((c!2O#!O#+'2.'#,>%,?!(20'3!09!4O+,2+:!MN40';:#P!%,N+'N#'+2#>!%,!+!18!W+%:!90'!UE!3#+'(P!90'!+!N'%5#!2O+2!%(,f2!#$#,!+!N'%5#!%,!2O#!1Jh!07'!%,(6%'%,?!=#!HO#!=#(2!(#N2%0,P!&O#'#!07'!9+$07'%2#!N#:#-(!(O+'#!2O#!2'+?#>%#(!2O+2!5+>#!2O#5!2O#!&05#,!2O#3!+'#!20>+3P!+,>!)+'%7(!(6#+;(!#dN:7(%$#:3!20!!"#$"!+-072!2O#!2'+75+!09!O%(!9+2O#'f(!N+,N#'*!/(!90'!2O#!'#(2P!307f::!W7(2!O+$#!20!-73!2O#!@0.$#5-#'!%((7#!+,>!(2+'2!'#+>%,?*!

8+5!

!

! 8L().M)#)/*#')!!!F]Z!

! !

/66#,>%d!]!

!I>%20'%+:!09!!"#$"%"&'()*!1J!I>%2%0,!/7?7(2!USSE!

I$#'3!2&0!3#+'(P!!"#$"!6#'90'5(!+,!+5+e%,?!9#+2!-3!?+2O#'%,?!2O#!#>%20'(!09!+::!2O#! !"#$"%"&'()*! 5+?+e%,#(! +'07,>! 2O#! &0':>! _2O+2f(! ]U! #>%2%0,(P! '#+NO%,?!E\5%::%0,!&05#,`!+,>!O0:>%,?!+,!%,2#',+2%0,+:!N0,9#'#,N#*!B2f(!+,!0660'27,%23!90'!7(!20!N05#!20?#2O#'!&%2O!2O#!:#?#,>+'3!!"#$".907,>#'!D#:#,!K7':#3!='0&,P!20!(O+'#!,#&(!+,>!$%#&(!&%2O!#+NO!02O#'P!+,>!(&+6!+>$%N#P!(20'%#(!+,>!%>#+(*!B,#$%.2+-:3P! +92#'! 2O'##! >+3(! 20?#2O#'! _%,! M+,O+22+,P! &O%NO! &+(! 9+-`P! N0,$#'(+2%0,(!(2+'2#>!20!?#2!6#'(0,+:!+,>!2O#!&O0:#!#$#,2!27',#>!%,20!+!5+((%$#!1'0&(f!,%?O2!072!n!&#!2+:;#>!+-072!O0&!&#!+'#!N0,(2+,2:3!0'?+,%(%,?!07'!:%$#(!+'07,>!&0';!+,>!'#:+.2%0,(O%6(P!9'%#,>(!+,>!9+5%:3P!#$#,!2O07?O!&#!&07:>,f2!O+$#!%2!+,3!02O#'!&+3a!!

HO#'#! +'#! (0!5+,3! NO0%N#(! +$+%:+-:#! 20! 7(! +,>P! +:2O07?O! 2O%(! N+,! -#! '#+::3! >#.5+,>%,?P! %2! &+(! 9+(N%,+2%,?! 20! O#+'! O0&! >%99#'#,2! &05#,! (7'$%$#! +,>! 2O'%$#*!HO#'#!&#'#!+:(0!:02(!09!N0N;2+%:(P!:02(!09!>+,N%,?!+,>!:02(!09!:%$#:3!>#-+2#!0,!:0$#P!:7(2!+,>!W7(2!O0&!&#!9%2!#$#'32O%,?!&#!,##>!20!>0!%,20!0,#!>+3a!B2!'#+::3!%(!%,(6%'+.2%0,+:!20!O#+'!(0!5+,3!m97,P!9#+':#((!9#5+:#(b!_+,>!2O#3!2'7:3!+'#`!2+:;!+-072!&O+2!+99#N2(!2O#%'!:%$#(!%,!2O#%'!0&,!N07,2'%#(!+,>!&O+2!+'#!2O#!O02!206%N(!90'!2O#%'!0&,!#>%2%0,(!09!!"#$"*!

Q0'!+::!09!7(P!O0&#$#'P!07'!'#:+2%0,(O%6(!+,>!-#%,?!2O#!-#(2!&#!N+,!-#!+'#!09!6+'.+507,2!%560'2+,N#P!&O%NO!%(!&O3!B!O06#!307f::!#,W03!!"#$"f(!=#!HO#!=#(2!86#.N%+:!0,!6VV*!<#!(60;#!20!,%,#!97,P!(#d3!+,>!%,2#::%?#,2!&05#,!&O0!+'#!9'05!+::!0$#'!2O#!1JP!-72!9'05!>%99#'#,2!#2O,%N!-+N;?'07,>(P!20!(##!2O#!60(%2%$#!#99#N2!2O%(!O+(!O+>!0,!2O#%'!:%$#(*!

B!O06#!307!#,W03!'#+>%,?!2O%(P!+,>!2O#!'#(2!09!2O#!%((7#!n!:#2!5#!;,0&!&O+2!307!2O%,;*!

@%,+!

!

!

FVS!!!8L().M)#)/*#')!

!

/66#,>%d!V!!

I>%20'%+:!09!!"#$"%"&'()*!1J!I>%2%0,!LN20-#'!USSE!

B!O+$#!+:&+3(!-##,!+!!"#$".1'0&P!#$#'!(%,N#!B!6%N;#>!76!53!9%'(2!N063!09!!"#$"5%"&'()*!+(!+,!F^.3#+'.0:>!(27>#,2!%,!=%'5%,?O+5!n!+&+3!9'05!O05#!90'!2O#!9%'(2!2%5#P!2#''%9%#>!+,>!:0$%,?!%2!+::!+2!2O#!(+5#!2%5#*!Bf>!+:&+3(!&+,2#>!2O#!2O%,?(!2O+2!53!9%'(2!#$#'!N063!09!!"#$".5+>#!5#!-#:%#$#!B!N07:>!O+$#!n!,02!(05#!(7NN#((.N'+e#>P!7,+22+%,+-:#!$#'(%0,!09!:%9#P!-72!20!:%$#!:%9#!0,!307'!0&,!2#'5(!n!&O#2O#'!2O+2!9#+27'#>!+!N+'##'P!+!5+,P!5+''%+?#P!-+-%#(P!0'!,02*!<O+2#$#'!9#:2!'%?O2!90'!307*!

Q'05! 2O#!505#,2! B! 9%'(2! 6%N;#>!76!+! N063! _0'! (O07:>! B! (+3! 907?O2! 0$#'! +! N063!&%2O!53! 9:+25+2#(`! (05#2O%,?! N:%N;#>P! +,>! B! -#?+,! 20! -#:%#$#!53!>'#+5!09! -#.N05%,?!+!W07',+:%(2!0,!+!?:0((3!5+?+e%,#!N07:>!N05#!2'7#*!HO+2!>'#+5!O+>!-##,!(O+22#'#>!-3!+![0,>0,!W07',+:%(5!N0::#?#P!&O0!20:>!5#!B!>%>,f2!O+$#!&O+2!%2!200;!20!5+;#! %2! %,!5+?+e%,#! W07',+:%(5! _,02! 207?O! #,07?OP! +66+'#,2:3`! +,>! (#,2!5#!6+N;%,?!&%2O!2#+'(!%,!53!#3#(*!B!>%>,f2!;,0&!2O+2!2O%(!$#'3!'#W#N2%0,!&07:>!502%.$+2#!5#!90'!3#+'(!20!N05#a!

B2!&+(!!"#$"._+,>!2O#!5+,3!(7-(#k7#,2!?:0((3!5+?+e%,#(!2O+2!O+$#!(%,N#!#57.:+2#>!%2`!2O+2!5+>#!5#!-#:%#$#!B!4L1[)*!!

B!N07:>!:#+$#!2O+2!-039'%#,>P!&O0!O+>!'#>7N#>!53!(#:9.#(2##5!20!2O#!(%e#!09!+!6#+*!B!N07:>!:#+',!20!:0$#!_&#::P!:%;#`!53!?%,?#'!O+%'a!!

B!N07:>!:#+',!20!236#P!50$#!20![0,>0,!+,>!N0,!(05#0,#!%,20!+N27+::3!#56:03%,?!5#*!=#22#'!(2%::P!B!N07:>!(7550,!2O#!N07'+?#!20!2O'0&!%,!2O+2!W0-!+,>!W0%,!+!2#56.%,?! +?#,N3P! %,! 2O#!$+%,!O06#!09! :+,>%,?! +! W0-!n! +,3! W0-!n!0,! +!5+?+e%,#*!/,>!&O#,!B!?02!:7N;3!n!&O%NO!-3!(05#!5%'+N:#P!B!>%>!n!B!N07:>!6#'(7+>#!2O#!I>%20'!20!:#2!5#!&'%2#!2O#!(O066%,?!6+?#P!W7(2!0,N#P!20!(O0&!O#'!B!N07:>!>0!%2*!

B!N0,9#((!B!O+'-07'#>!9+,2+(%#(!09!0,#!>+3!-#N05%,?!+!5+?+e%,#!#>%20'!n!2O#!9+N2!2O+2!0,#!>+3!2O+2!5+?+e%,#!5%?O2!-#!!"#$"P!&+(!+!-%2!072:+,>%(O!#$#,!90'!5#a!80!&O#,! B! +,(&#'#>!53!50-%:#! 2O'##!50,2O(! +?0P! 20! -#! 099#'#>! 2O#! #>%20'(O%6! 09!!"#$"P! %2!&+(!+!-%2! :%;#!-#%,?!20:>!307!N07:>!NO00(#!-#2&##,!='+>!C%22!+,>!L'.:+,>0!=:005P! +,>! 2O#,!>756! 2O#5!-02O! 90'! G0O,,3!)#66*!HO#!7:2%5+2#!!"#$".505#,2P!+,>!2O#!'#+:%(+2%0,!09!+!(#N'#2!+5-%2%0,!B!&07:>!,#$#'!O+$#!O+>!2O#!N07'.+?#!20!,7'27'#P!%9!%2!&+(,f2!90'!!"#$".%,!2O#!9%'(2!6:+N#*!

40(50f(!97,P!9#+':#((!+,>!7,+(O+5#>:3!9#5+:#!+66'0+NO!?+$#!5#!50'#!2O+,!+,3!,75-#'!09!#d+5!6+((#(!#$#'!N07:>*!l#(P!!"#$".%(!pW7(2!+!5+?+e%,#f!n!97::!09!9+,.

! 8L().M)#)/*#')!!!FVF!

! !

2+(2%N!+>$%N#!2O+2!'#+::3!&0';(!0,!+::!+'#+(!09!307'!:%9#P!57(2.O+$#!(O066%,?!%>#+(P!?0'?#07(!-#+723P!+,>!9+'!50'#!57(2.'#+>!9#+27'#(!2O+,!+,3!02O#'!&05#,f(!?:0((3*!=72P!B!:0$#!!"#$".+,>!B!O06#!2O+2!0$#'!2O#!N05%,?!50,2O(P!307!&%::!200*!!

l07f::! (##!+! 9#&!NO+,?#(!+,>! Bf>! :0$#! 20!;,0&!&O+2!307! 2O%,;P! (0!#5+%:!5#!+2!N0(50*#>%20'Ç,+25+?(*N0*7;*! B! O06#! %2!&%::! -#! 2O#! (2+'2P! %9! ,02! 09! +!5#+,%,?97:!'#:+2%0,(O%6P!+2!:#+(2!50'#!2O+,!+!9:%6.9:06.%,>7N#>!0,#.50,2O!(2+,>*!!

8+5!

!!!!!!!!!!!!!!! !

FVU!!!8L().M)#)/*#')!

!

/66#,>%d!\!

I>%20'%+:!09!!"#$"%"&'()*!1J!I>%2%0,!M+'NO!USSE!

CO#&a!HO#'#!+'#!(0!5+,3! 2O%,?(! 20! 2#::!307! 2O%(!50,2O*!Q%'(2!09!+::P!I>%20'![0'.'+%,#!4+,>3! %(!0,!5+2#',%23! :#+$#*!8O#z(! W7(2!?%$#,!-%'2O! 20!+!-+-3!1'0&! _K'+N#`P!2O#! '#+(0,! Bz5!(2+,>%,?! %,! 90'! 2O#!,#d2! 9#&!50,2O(*!@#d2P!07'! 9+(O%0,! 2#+5!O+(!-##,! -7(3! 6722%,?! 20?#2O#'! 07'! ?'#+2! ,#&! (#N2%0,P!!"#$". CK"%#! _6F]U`P! &O%NO!-'%,?(!307!2O#!-#(2!O%?O.(2'##2!-73(!20!(7%2!307'!-0>3!+,>!-7>?#2*!<O+2z(!50'#P!&#z$#!(2+'2#>!+!9+,2+(2%N!,#&!6+?#P!^",0.C'S(K.C/*#/!_6VR`P!%,!'#(60,(#!20!:#22#'(!+,>! #5+%:(! +-072! 307'! %,2#'#(2! %,! 2O#! (6%'%27+:!&0':>*! I+NO!50,2OP! #d6#'%#,N#>!!"#$"! W07',+:%(2!+,>!,#&:3!+660%,2#>!86%'%27+:%23!I>%20'!D+,,+O!=0',0!&%::!-#!:00;%,?! +2! #$#'32O%,?P! 9'05! 2+66%,?! %,20! 307'! %,27%2%0,! +,>! -00(2%,?! 307'! (#:9.#(2##5P!20!N0,(7:2%,?!6(3NO%N(!+,>!+(2'0:0?#'(*!

<O%NO!-'%,?(!5#!0,!20!0,#!9%,+:!2O%,?!B!&+,2!20!(O+'#*!"#N#,2:3P!B!-756#>!%,20!+!(NO00:!9'%#,>!B!O+>,z2!(##,!90'!3#+'(*!L9!N07'(#P!%2!&+(!+5+e%,?!N+2NO%,?!76!&%2O!O#'!+92#'!(7NO!+!:0,?!2%5#P!-72!%2!&+(!0,:3!&O#,!B!20:>!O#'!B!&0';#>!0,!!"#$"!2O+2!O#'!9+N#!N'+N;#>!%,20!2O#!-%??#(2!(5%:#*!B55#>%+2#:3P!(O#!'#N%2#>!+!6%#N#!09!+>$%N#!(O#z>!'#+>!+!&O%:#!-+N;!%,!2O%(!5+?+e%,#!2O+2!O+>!?%$#,!O#'!2O#!N0,9%>#,N#!20!+N.N#62!2O#!099#'!09!+!W0-!+-'0+>!90'!(%d!50,2O(*!8O#!&+(!O#(%2+,2!-#N+7(#!(O#z>!(2+'2.#>!+!,#&!'#:+2%0,(O%6!+2!2O#!2%5#!+,>!&+(!&0''%#>!%2!&07:>!-#!200!57NO!09!+,!76.O#+$+:*!=72!2O#!+>$%N#!.!&O%NO!(+%>!2O#'#!&+(!:02(!20!-#!?+%,#>!9'05!W756%,?!%,20!+!(%27+2%0,!+,>!2+;%,?!'%(;(!.!:#92!+!-%?!%56'#((%0,!0,!O#'*!{B2!+N27+::3!O#:6#>!5#!5+;#!53!5%,>!76P{!(O#!20:>!5#P!-#90'#!'#$#+:%,?!(O#!O+>!2+;#,!76!2O#!099#'!.!+,>!;#62!O#'!5+,P!200P!(%,N#!2O#!'#:+2%0,(O%6!(7'$%$#>!2O#!(%d.50,2O!6+'2%,?*!

/92#'&+'>(P!B!(2+'2#>!2O%,;%,?!+-072!2O#!60&#'!09!2O#!+>$%N#!?%$#,!%,!!"#$"*!HO%(!50,2O! Bz$#! 907,>! 2O#! 9#+27'#!@"U.J".?",*L/.?)L].G0"$.I7/0O(K'*1! _6^Z`! #d.2'+0'>%,+'%:3!207NO%,?!+,>!5#50'+-:#*!HO#!5%d!09!%,(6%'+2%0,P!;,0&:#>?#P!#56+.2O3! +,>! #,N07'+?#5#,2! %(! &O+2! 97#:(! 2O0(#!5#50'+-:#! z!"#$"! 505#,2(z*! 80! B!+(;#>!+'07,>!2O#!099%N#!20!9%,>!072!&O%NO!!"#$"!505#,2(!O+>!:#92!+!-%?!%56'#(.(%0,!0,!2O#!(2+99!.!O#'#z(!&O+2!2O#3!O+>!20!(+3***!

! {B!'#5#5-#'!'#+>%,?!+!!"#$"!+'2%N:#!N+::#>!?/.J0,/.J".^",0#/&+!+,>!2O+2!5#((+?#!'#+::3!NO+,?#>!53!:%9#*!Q0'!Bz>!-##,!N0,$%,N#>!Bz>!-#N05#!+!>0N.20'!-72P!+'07,>!2O#!2%5#!B!&+(!9%::%,?!%,!53!+66:%N+2%0,P!B!'#+>!2O#!+'2%N:#P!:00;#>!%,20!53!O#+'2!+,>!>#N%>#>!B!N07:>,z2!?0! 2O'07?O!&%2O! %2*! B!O+>!,0!%>#+!&O+2!B!&07:>!#,>!76!>0!

!

! 8L().M)#)/*#')!!!FVR!

! !

%,?P!-72!&+(!6'#6+'#>!20!O+$#!2'7(2!%,!2O#!9727'#!.!:%22:#!>%>!B!;,0&!Bz>!+N27+::3!#,>!76!&0';%,?!90'!!"#$0!%2(#:9a{!

D+,,+O!=0',0P!86%'%27+:%23!I>%20'!

! {=0,,%#!K'##'z(!&0'>(!%,!MKO.^",*1.F"7/.=)]/#.^",.C(0"*1/0!_G+,7+'3`!.z,0!0,#!N+,!2'7:3!:0$#!2%::!2O#3!:0$#!2O#5(#:$#(z!.!5+>#!+!O7?#!%56'#((%0,!0,!5#*!<O#,!307z'#!O+663!%,!+!'#:+2%0,(O%6P!+(!B!+5P!%2z(!#+(3!20!NO+,,#:!+::!307'!#,#'?3!%,20!307'!6+'2,#'z(!O+66%,#((*!=0,,%#z(!&0'>(!'#5%,>#>!5#!%2z(!N'7N%+:! 20!5+;#! 2%5#!90'!53!,##>(!+,>!>#(%'#(! %9!&#z'#! 20! :%$#!O+663!#$#'!+92#'*{!

D#:#,!)+:3P!/((%(2+,2!I>%20'!

! {)'![%,>+!'#N#,2:3!?+$#!072!9%$#!2%6(!0,!O0&!20!:0$#!307'!-0>3!.!'#5#5.-#'%,?!2O#5!+:&+3(!O#:6(!20!5+;#!5#!9##:!60(%2%$#!%9!B!#$#'!O+$#!,#?+2%$#!2O07?O2(!+-072!53!-0>3*{!

I::#!B+,,+NN0,#P!/'2!I>%20'!

B!O06#!307!#,W03!2O%(!50,2Oz(!%((7#*!)0!&'%2#!%,!20!2#::!5#!+-072!307'!0&,!!"#$"!505#,2(!.!0'!307!N+,!#5+%:!N0(50*5+%:Ç,+25+?(*N05*!

@%,+!/O5+>P!/N2%,?!I>%20'!

!

!

!

!

!

!

!

! !

FVE!!!8L().M)#)/*#')!

!

/66#,>%d!^!

I>%20'%+:!09!!"#$"%"&'()*!1J!I>%2%0,!/6'%:!USSE!

/(!307!;,0&!+::!09!7(!+2!!"#$"!+'#!'#+::3!6'07>!09!2O#!9+N2!2O+2!07'!5+?+e%,#!%(!6+N;#>!&%2O! %,2%5+2#! +>$%N#! 0,! O0&! 307! N+,! O+$#! +! O+66%#'! O#+:2O%#'! (#d! :%9#*!<#z'#!#(6#N%+::3!2O'%::#>!20!O+$#!2O#!-#(2!+72O0'%2%#(!0,!2O#!(7-W#N2!09!(#d!+,>!'#:+.2%0,(O%6(!&'%2%,?!90'!!"#$"!.!07'!8#d!I>%20'(!"+NO#:!M0''%(P!)'!8+'+O!D756O#'3!+,>!8+'+O!D#>:#3*!80P!307!N+,!%5+?%,#!O0&!&#!+::!9#:2!&O#,!2O#!2'%0!&#'#!%,$%2#>!20!2O#!18!-3!L6'+O!<%,9'#3!.!3#6!L6'+OP!20!?%$#!2O#!-#,#9%2!09!2O#%'!#d6#'%#,N#*!8O#!&+,2#>!07'!8#d!I>%20'(!20!?7#(2!0,!0,#!09!O#'!(O0&(P!#,2%2:#>!D#.^",0.C/S.F'+/.H"0$)&j!B!+:(0!:#+',#>!2O+2!2O#!L6'+O!<%,9'#3!(O0&!O+(!+,!+7>%#,N#!09!+!(2+??#'.%,?!UR!5%::%0,*!/,>!07'!1'0&(!>%>!+!(76#'.%56'#((%$#!W0-P!#+NO!09!2O#5!27',#>!072!%,!(#d3!6%,(2'%6#!(7%2(P!:00;%,?!:%;#!50>#',!>+3!!K)0&'/b#.8*1/&#!>#:%$#'%,?!?'#+2!+>$%N#!90'!2O#!&O0:#!09!2O#!18!20!O#+'*!{B2!&+(!+!?'#+2!#d6#'%#,N#P!#(6#N%+::3!-#.%,?!6%N;#>!76!9'05!2O#!+%'60'2!%,!2O#!(2'#2NO%#(2!:%50!#$#'a{!"+NO#:!_+!!"#$"!1'0&!%9!#$#'!B!;,#&!0,#`!20:>!5#P!{L6'+O!&+(!'#+::3!&+'5!+,>!+66'0+NO+-:#!+,>!O+>!2O#!-#(2!N05%N!2%5%,?!09!+,30,#!Bz$#!#$#'!5#2a{!1,90'27,+2#:3!2O#!(O0&!&0,z2!-#!2'+,(5%22#>!%,!2O#!1JP!-72!307!N+,!N+2NO!76!&%2O!O0&!2O#!1'0&(!?02!0,!-3!:0??%,?!0,!20!&&&*06'+O*N05!+,>!09!N07'(#!2O#3z'#!?%$%,?!+>$%N#!+,>!%,(6%'+2%0,!%,!07'!_)##'"*._)L])1/!_6FR\`*!

L-$%07(:3!B!;,0&!307z::!#,W03!2O#!'#(2!09!2O#!5+?+e%,#*!C:#+(#!5+;#!(7'#!20!'#+>!^",.q.^",0.G0'/*B#!_6Z]`*!B!2O%,;!0,#!09!2O#!?'#+2!2O%,?(!+-072!-#%,?!+!&05+,!%(!07'!9'%#,>(O%6(*!B!>0,z2!;,0&!&O+2!Bz>!>0!&%2O072!53!0&,!9'%#,>(P!&O0!B!2O%,;!+'#!2O#!50(2!7,>#'(2+,>%,?!&05#,!%,!2O#!&0':>P!#$#,!&O#,!B!>0,z2!N+::!092#,!#,07?O!+,>! 90'?#2! 2O#! 0NN+(%0,+:! -%'2O>+3! _&#::P! k7%2#! +! 9#&! +N27+::3a`*! =72! B! &+(! (0!50$#>! -3! 2O#! (20'%#(! 09! +?+%,(2.2O#.0>>(! 9'%#,>(O%6(! 2O+2! O+$#! (7'$%$#>! %::,#((!+,>!O7?#! 2'+?#>3! 2O+2! %2z(! 0,:3! '%?O2!!"#$"! 6+3! 2'%-72#! 20! 2O0(#! (6#N%+:!&05#,!&O0!6:+3!(7NO!+!-%?!6+'2!%,!+::!07'!:%$#(*!

/:(0P!NO#N;!07'!E)%/C("%%/0#.!)$%)'1*!76>+2#!0,!6VV*!/(!307!;,0&P!&#!O+$#!-##,! '7,,%,?! 2O%(! (%,N#! 2O#! (2+'2! 09! :+(2! 3#+'! 20! O#:6! '+%(#!50,#3! 90'! +! ,+2%0,+:!O#:6:%,#! 90'! (7'$%$0'(!09! '+6#*!=72!,#$#'!O+(! %2! -##,!50'#!,##>#>! 2O+,!,0&*! B,!@0$#5-#'! :+(2! 3#+'! &#! '#N#%$#>! +! N+::! +2! 2O#!!"#$"! 099%N#(! 9'05! +! >%(2'+7?O2!&05+,! &O0! (+%>! (O#! O+>! -##,! >'7?.'+6#>! +,>! ,##>#>! O#:6*!<#! +'#,z2! 2'+%,#>!N07,(#::0'(P! 3#2! (O#! 2O07?O2!&#!&#'#!O#'! 0,:3! (07'N#!09! O#:6! +2! 2O#! 2%5#*! B2z(! +!(O0N;%,?!(%27+2%0,!2O+2!,##>(!307'!(7660'2P!(0!6:#+(#!27',!20!6\S!20!9%,>!072!O0&!20!O#:6*!B!O06#!307!#,W03!2O%(!%((7#!.!&#z'#!O#'#!20!#,2#'2+%,!+,>!%,90'5P!(0!:#2!5#!;,0&!307'!2O07?O2(!-3!&'%2%,?!%,P!0'!307!N+,!#5+%:!5+%:Ç,+25+?(*N05*!

@%,+!/O5+>P!/N2%,?!I>%20'!

! 8L().M)#)/*#')!!!FV]!

! !

/66#,>%d!Z!

I>%20'%+:!09!!"#$"%"&'()*!1J!I>%2%0,!Q#-'7+'3!USSE!

B(,z2!%2!?'#+2!20!(2+'2!2O#!@#&!l#+'!0,!+!60(%2%$#!,02#r!D#'#!+2!!"#$"!&#z$#!-##,!:7N;3!#,07?O!20!-#?%,!USSE!N:+(6%,?!+!,#&!+&+'>!.!+,>!0,#!&O%NO!307z$#!6:+3#>!+,! %,2#?'+:! 6+'2! %,! 7(! &%,,%,?*!!"#$"! O+(! W7(2! (N006#>! 2O#! ='%2%(O! 80N%#23! 09!M+?+e%,#! I>%20'(! B,,0$+2%0,! 09! 2O#! l#+'! +&+'>! 90'! 2O#! 7,%k7#! "+6#! 82066#'(!N+56+%?,*!"#+>#'(z!:#22#'(!6'0562#>!5#!20!(2+'2!2O%(!N+56+%?,!20!(#2!76!+!UE.O07'!6O0,#!:%,#!90'!&05#,!&O0!O+$#!-##,!'+6#>!0'!(#d7+::3!+-7(#>*!

B!'#N#%$#>!O#+'2-'#+;%,?!:#22#'(!9'05!&05#,!&O0z>!-##,!+22+N;#>!-72!O+>,z2!(60.;#,!20!+,30,#!+-072!%2!-#90'#*!/(!307!;,0&P!$#'3!9#&!&05#,!?0!20!2O#!60:%N#!20!'#60'2! 2O#! N'%5#(! +?+%,(2! 2O#5! (0! 2O#3! ,#$#'! ?#2! '#9#''#>! 20! (7660'2! ,#2&0';(h!2O#3!>#+:!&%2O!2O#!6+%,!+:0,#*!<#!>0,z2!&+,2!2O+2!20!O+66#,!+,350'#*!!"#$"!+6.6'0+NO#>!"+6#!4'%(%(!+,>!2O#!M#2'060:%2+,!C0:%N#z(!?'07,>.-'#+;%,?!'+6#!%,$#(2%.?+2%0,!(k7+>!L6#'+2%0,!_90'5#':3!C'0W#N2`!8+66O%'#!20!O#:6!7(!:00;!%,20!(#22%,?!76!+! :%,#*!@0&P!+92#'! +!5##2%,?!&%2O!D05#!8#N'#2+'3!)+$%>!=:7,;#22P! 2O#!K0$#',.5#,2!O+(!6:#>?#>!(7660'2!90'!2O#!:%,#!+,>!%(!N0,>7N2%,?!'#(#+'NO!%,20!(#22%,?!%2!76*!

<#!&%::!-#!6'#(#,2%,?!07'!9%,>%,?(!20!+!D05#!L99%N#!N055%22##!2O%(!50,2O!+,>!&%::!N0,2%,7#! 20!+66:3!6'#((7'#!0,!2O#5!20!97,>!(7NO!+!:%,#!+(!(00,!+(!60((%-:#*!<#!O+>!(0!57NO!(7660'2! 9'05!307!90'!"+6#!82066#'(P! %2!&+(!-'%::%+,2*!<#!,##>!307!#$#,!50'#!2O%(!3#+'!.!+,>!%9!307!;,0&!+,3!57:2%.5%::%0,+%'#!-7(%,#((#(!&O0z>!:%;#! 20! O#:6! 7(! +NO%#$#! 2O#! >'#+5! 09! ?#22%,?! 2O#! :%,#! '7,,%,?! %,! 2O#! ,#d2! (%d!50,2O(P!2O#,!Bz>!:0$#!20!O#+'!9'05!307*!_<#!+:(0!&0,!B,2#',+2%0,+:!M+?+e%,#!09!2O#!l#+'! +2! 2O#!/4I!67-:%(O%,?! +&+'>(! .! N0,?'+27:+2%0,(! 20! 07'!D#+>! 09!@#&.(2'+>#!M+';#2%,?!G#,,%9#'!4+7?O#3!90'!2O+2*`!

B!N+,!0,:3!O06#!USSE!N0,2%,7#(!%,!(7NO!+,!062%5%(2%N!+,>!NO##'97:!&+3P!+(!&#z$#!?02! :02(!09!,#&!6:+,(!90'!!"#$"! 2O+2!&%::!5+;#!307'! :%$#(!-#22#'!+,>!-'%?O2#'*! B!O06#!307!#,W03!2O#!#dN:7(%$#!U^.>+3!>%#2!&#z$#!2+%:0'#>!20!5##2!307'!%,>%$%>7+:!,##>(! _6VZ`!&%2O! O#:6! 9'05!4O+56,#3(!D#+:2O!"#(0'2(*!l07!&'02#! +,>! 20:>! 7(!307!,##>#>!+!k7%N;P!(%56:#!>%#2!20!O#:6!307!#%2O#'!:0(#!&#%?O2!0'!W7(2!9##:!O#+:2O%.#'P! (0!&#!N+5#!76!&%2O!07'!D+663!)%#2*!HO%(!#+(3!#+2%,?!6:+,! (O07:>! 2+;#!307!2O'07?O!2O#!3#+'!&%2O072!(0!57NO!+(!O+$%,?!20!N07,2!+!(%,?:#!N+:0'%#!+,>!&%::!?%$#!307!:0+>(!50'#!#,#'?3*!B!2O%,;!&#!N+,!?7+'+,2##!+!O+66%#'!+,>!(#d%#'!,#&!307!%,!2%5#!90'!T+:#,2%,#z(!)+3!+,>!>0,z2!90'?#2!2O%(!3#+'!%(!+!:#+6!3#+'P!(0!%9!307!9+,N3!6066%,?! 2O#!k7#(2%0,P!,0&z(! 2O#! 2%5#*!<'%2#!+,>! :#2!7(!;,0&!O0&!%2!?0#(*!K00>!:7N;a!

[0''+%,#!4+,>3P!I>%20'!

FVV!!!8L().M)#)/*#')!

!

C8!B9!307!N+,z2!?#2!#,07?O!09!!"#$"!2O%(!50,2OP!2O#,!?'+-!+!N063!09!2O#!!"#$"5%"&'()*.?""].6+.F"7/.5.G"0.r+,*-.+/)0&/##.+/$)&/#T*!B2z(!W7(2!wE*ZZ!+,>!%(!0,!(+:#!#dN:7(%$#:3!%,!<D85%2O*!Q%,>!%2!,#d2!20!2O#!:+2#(2!%((7#!09!307'!9+$07'%2#!5+?+.e%,#!90'!2O#!+,(&#'!20!+::!307'!>+2%,?!+,>!'#:+2%,?!k7#(2%0,(!%,!0,#!?0*!

!

!

!

!