!
"
#
$&%
$'
)(
*,+.-0/21$32/ 4,35- 67198;: < +.4=8&>,67+?< +.35@
ACB=6 B=D.@E19BF3 DGBF6H@IAJBFKL19BM8
NLOQPRSQTUSVSQWYX)Z[T\O]O]R^_Xa`
b
)
c
b #
dfehg
OQPYRi^Rkj
g
RkR
ehd
l c
#m
c
n&%
c
'
)(
o
RkX g Wp g `rqshst
u RZX R g S ehd OQPYRvQW g ` w
x gQehdzy o y|{g}e v]ph~TY g RSQTU^R~O ehd OQPYRvQW g `
x
gQehdzy)y| p gQe ~YRN^YRSQTOQPYRSQTUSV^|Tg RO ehg
x
gQehdzyiyc RZ[ph~#RO]R g ~phZRZiXcR g
{ PYR g TUOQTU~Yj;WY ehd p x PGOQPYRSQTUS TUSOQPYR g RSQW\O ehd p;cR g S e ~phVR ehg O ehd TU y
e RhR g YOQPR)~|phj e phc e WU^ ~YRhR g PphR XcRkR~ ph PT\RhR^ TUOQP e WYO9OQPYR SQWY| ehg O
ehd p ~W|ZiXcR g ehd cR e |\R P e e ~O g T\X|WO]R^ TU~ e ~R p` ehg ph~ e OQPYR gy {$e ZR~OQTe ~
phU#OQPYRS]RcR e |\RiT~rOQPYRS]R ph"!~ e \R^YjZR~OQS TUS OQPYRZ[TU~TZWZ OQP|pO OQPYR phWYOQP ehg
kph~ ^ eYy
o Tg S]O
ehd phU$#%
e
W|U^ UT&!hR O e OQPph~$!
x gQehd RSQS
ehg
Te ph~~T
p gQe
~RN ^YRS}T'fOQPYR
^Tg RO ehg ehd Zi`rOQPRSQTUS)( ph~^ x gQehdRSQS ehg o pX|Te_{g}e v]ph~T dehg OQPYRTg W~ dphTUUT~YjphSQSQTUS
OQph~R ph~|^ OQPRTg phUWpX)\R ph^$TUR ym{ PTUSiOQPYRSQTUSTUSOQPYR Z e S]ORTU^YR~O g RSQW\O ehd
OQPYRT
g
SQWY|
ehg O y
* R e ~^#+#, e WU^UT&!hR O e OQPph~$! x gQehdRS}S ehg -R\`hRkO]O]R RZ[ph~ dehg OQPYRbO g WS]O ph~^
TU~O]R g RS]OVOQPpO SQPYR S}P e bR^ TU~_Z`. ehg ! y #%bphS/hR g ` jph^ PYR~rSQPYR phkRk|O]R^ O e
X R p[Z[RZiXcR g ehd OQPYRvQW g ` ehd Z` OQPYRSQTUS y
{ PTg ^##0 e W^UT&!hR O e OQP|ph~$! 1* # phZ[Z[p o e W~^|pOQTe ~ ph~|^ ph~kp"^YR
e O]OQp g ^ e dfehg OQPYRTg )~ph~|kTUphS}WY ehg O$^|W g TU~Yj OQPYR|phS]O dfe W g `hRp g S y # ~)p g OQTUkWUp g
# e WU^;UT&!hR O e OQPph~! RhR g `aX e ^` TU~ OQPYR32 TUS4!Z[ph~pjhRZR~O gQe WY ehd ph~kp
^YR e O]OQp g ^ e P e Z e OQT5 pO]R^ ZR j g RpOQ\`r^W g TU~YjOQPYRiUphS]OVO6 e `hRp g S y
# e WU^mphUS e UT5!hRO e ZR~OQTe ~ OQPYR g TUR\RSQS e ~O g T\X|WYOQTe ~ ehd phUnOQP e S]R7 P e
S e ZRP e .PYR\cR^ ZR_O e g TUO]R OQPTS8 ehg ! y #z~"ph~ph\)PpXcRkOQTU ehg ^R g OQPRk` p g Rhw
* TUZ e ~p9phTU~#: P e g}eehdfg Rph^ Z e S]O ehd OQPYR;)~|ph$^ g p dO< x gQehdRS}S ehg>=?-R gA@e ZR3R
O]RZ|\Rh dfehg PTUS WS]R dW e Z[Z[R~OQSr^W g TU~Yj&OQPR * TUSQSB e O ehg phDC ehg !SQP e TU~
N SQ
e
~|pE<
x
pO
g
T&!
pjTUp
g
^TU~|T
dehg PTS
g
Rph^Y` ph~^S}Pp
g ph~S4bR g S O e
Z`GFaWYRS
OQTe ~S< TUph~UWkp u p g e UT dehg PTS g WkTUph Z ehg ph S}WY ehg O< TUSHRUR3I e ^TgQe T dehg
ehg jph~T&JTU~jOQPR x PKT&p[ph~^ dfehg Pph~^|UTU~YjOQPYR g RUpO]R^ X|W g RphW| g pOQTU phS]cROQS<
9UphW^T
eMLg O]RUUT
dfehg
P|TUS$S}T\j~TN)kph~OPYRUTU~iOQPYRbRS]OQTUZ[pOQT
e
~|p
g
O<
x p e e x ehg
PTUp
dehg e W g }Pph\R~YjTU~Yj^TSQkWSQSQTe ~S y
o
TU~phU\`hZ` j g pOQT\OQW^Rbj e RSnO e Zi` dpOQPYR g Zi`iZ e OQPYR g Z`SQTUSQO]R g hph~^#hZ e S]O
ehd phU O e Zi`O TdR8# ~~p dfehg PYR g X e W~^|\RSQSW~^YR g SQOQph~^TU~Yj y{ PTUSD ehg !P e WU^
~ e O PphRXcRkR~ e Z|\RkO]R^Q T\OQP e WYOVPYR g g RkTe WSVS}WY ehg O y
# ^YR^TUkpO]R OQP|TUSR ehg ! O e Z`j g ph~^ dpOQPYR g S P e TUS9~ e e ~YjhR g aph~^O e Z`; g S]O
}PTU^#E P e TUSVS eae ~rO e e Z[RiTU~O e OQPYRT ehg U^ y
! "# $
% &'"(*) +!,*).-0/21354!'"687:9;+=<#>@?0,5AB'C/D<DEF+!,HGI1I4!E<#+J4!+=<K L
M N OPQ I8RI#SOPT2UV " W
X yX { PYR e Z|URkO]RiZ[p g !hRkO yiy y y y y y yiy y y y y y yiy y y y y y yiy Y
X yX yX { PYR ^TSQ g RkO]R OQTUZR R e ~ e Zi` y y y y y y yiy y y y y y yiy t
X yX yq { PYR e ~OQTU~aW e WSVOQTUZ[R R e ~ e Zi` y y y y y yiy y y y y y yiy Z
X yq #z~ e Z[|\RkO]R Z[p g !hRkOph~^ e UpOQTUT\O`_Z[TUSQSQ RkT&)kpOQTe ~ y y y y y yiy XDX
X y[Y { PYR SQWYcR g PR^YjTU~Yj S]O g pO]Rkjh` y y y yiy y y y y y yiy y y y y y yiy X q
\ ]F^
O* `_ba T cd eCfg " hdUF a CdUTi$T eTRjfkSFT
MBl
q yX m ~R g OQphTU~ e UpOQTUT\O`_ph~^ S]O e }P|phS]OQTU e ~O gQe y y yiy y y y y y yiy X`n
q yq * O e PphS]OQTU> e UpOQTUUT\O `. T\OQPrW~$!~ e ~_ gQe RSQSV|p g phZ[RkO]R g S y y yiy
X`o
q y[Y N ~ p||UTUkpOQTe ~_O e p[S]cRkTN) Z e ^YR y y y y y y yiy y y y y y yiy q X
q yt 9 e ~kUWS}Te ~ y y y y y yiy y y y y y yiy y y y y y yiy y y y y y yiy q n
W p# TdBqdF a CdUTQ$T eURRbfkF5`URS e
\"r
YayX
#z~^|T
g
RO #z~
dR g R~|R
y y yiy y y y y y yiy y y y y y yiy y y y y y yiysY
q
Yayq { PYRtvu kT\R~O
u
RkOQP e ^ ehd
u e Z[R~OQS yiy y y y y y yiy y y y y y yiysY t
Yay[Y RSQO RS]OQTUZ[pO ehg ph~^ phS]`ZO e OQT gQe cR g OQT\RS y y yiy y y y y y yiysY
n
Yayt { PYR p|TUkpOQTe ~_O e S]O e }P|phS]OQTUT e UpOQTUT\O`_Z e ^YRUS y y y y y y yiysY
o
Yayt yX { PYR phWYTUUTp g ` Z e ^YR dfehg W~^YR g \`aT~YjphS}S]RkO g RkOQW g ~S y yiysYDw
Yayt yq { PYR phWYTUUTp g ` Z e ^YR dfehg 1* #Jx y y y y y yiy y y y y y yiy t X
Yay[y u e
~O]R 9p
g e S]OQW^Y`
y yiy y y y y y yiy y y y y y yiy y y y y y yiy tq
Yay
n u e ^YR#RS]OQTZ[pOQTe ~ e ~ * u
#^pOQp y yiy y y y y y yiy y y y y y yiy t n
YayzZ 9 e ~kUWS}Te ~ y y y y y yiy y y y y y yiy y y y y y yiy y y y y y yiysy s
{
T c "I a R RT C|PRTjf
l W
t yX m ~ e X)S]R g pX|\R TU~S]OQph~OQph~YR e WS p g TUph~R y y y y y yiy y y y y y yiysy t
t yq x g TUkT~Yj g RUTUpX|TUT\O` y y yiy y y y y y yiy y y y y y yiy y y y y y yiysyDy
t
y[Y * O e PphS]OQTU e
UpOQTUT\O`_ph~^ PR^YjTU~Yj
y y yiy y y y y y yiy y y y y y y#Z
t y[YayX R^YjT~Yj[p gQe ph P TU~rp[Z TUSQS]cRkTN|R^ * x dfg phZR ehg ! y y y o
t yt R^YjTU~j g RUTUpX|TUT\O` y y y yiy y y y y y yiy y y y y y yiy y y y y y yDw
t y[y 9 e ~kUWSQTe ~ yiy y y y y y yiy y y y y y yiy y y y y y yiy y y y y y
nDn
%D% qE AB1I6.- ?v<DE<D+!1I,HE ,5( ,*1I, 4J+!,*'"E/V- 1/D< 1I4J+ 1I7
l
dUR eUThS
a
F J
I
_
RR
O*
JRT" M
yayX
NLjhR~YR
g
ph^YR)~T\OQT
e ~ ehd
ehg
O
dfe
UT
e
x9p 2
yiy y y y y y yiy y y y y y Z q
yayq { PYRTFWph^ g pOQTU p g}e YTUZ[pOQTe ~ y y y y yiy y y y y y yiy y y y y y Z t
yayq yX { PYR ZW|\OQT&p g TUpO]R dfg phZR ehg ! y yiy y y y y y yiy y y y y y Z y
yay[Y I e ~r|p g phZRkO g TU ZRkOQP e ^rX)phS]R^ e ~ PTS]O ehg TUkph#SQTZWpOQTe ~S y y y Z o
yay[YayX R~YR g phUT5JkR^rPTUS]O ehg Tkph#SQTUZWUpOQTe ~_ZRkOQP e ^ yiy y y y y y Z o
yay[Yayq *ae ZR PTU^|^YR~_^ g p X|ph"!S y y y yiy y y y y y yiy y y y y y Z w
yay
t o
TUUO]R
g
R^rPTUS]O
ehg
TUkph#SQTUZWUpOQT
e ~ y y y y yiy y y y y y yiy y y y y y Z w
yayt yX { PYR Z e ^YRZ[TUS}S]cRkTN)kpOQTe ~ y yiy y y y y y yiy y y y y y oBX
yayt yq { PYR ZW|\OQT&p g TUpO]R dfg phZR ehg ! y yiy y y y y y yiy y y y y y
oBX
dUR
pdURS CUTk a F "W
n yX { PYR ehg O de UTe SV e ~SQTU^YR g R^ y y y y y y yiy y y y y y yiy y y y y y o t
n yq N g SQOVjUph~R pO OQPR RZ|Tg Tkph g RSQW\OQS yiy y y y y y yiy y y y y y o y
n y[Y { RS]OQTU~jOQPYR x9p 2 RS]OQTUZ[pOQTe ~|S y y y y y yiy y y y y y yiy y y y y y o Z
n
y[Yay
X m
~ e ~|^T\OQTe ~phc e hR g pjhRO]RSQO y yiy y y y y y yiy y y y y y
oDo
n
y[Yayq 9 e ~^T\OQTe ~ph) e hR g pjhR O]RS]O y y yiy y y y y y yiy y y y y y w s
n yt 9 e ~kUWSQTe ~ yiy y y y y y yiy y y y y y yiy y y y y y yiy y y y y y w t
F!" O "O*UT rl
N yX x gQeaehd$ehd x gQe e SQTUOQTe ~ q yq yX y y y y y y yiy y y y y y yiy y y y y y wDy
N yq x gQeaehd$ehd x gQe e SQTUOQTe ~_t y[Yay
X y y y y y y yiy y y y y y yiy y y y y y w n
N
y[Y x gQeaehd$ehd x gQe
e SQTUOQT
e ~ yay
q yX y y y y y y yiy y y y y y yiy y y y y y w#Z
N yt *e ZR ~ e O]RS e ~ { PYR ehg RZ yayq yX y y y y yiy y y y y y yiy y y y y y wDw
O UTkO T# ^ dF a C`UTQ$T eURRjf MM
yX RS]O e ~ e OQTe ~_ g TR0'fRphO dehg ZWUp ( yiy y y y y y yiy y y y y y X s X
yq L OQTe ~_ g TkTU~YjX` cR g OQW g X|pOQTe ~rp gQe ph P y y y y y yiy y y y y y X s y
N a iPT` 2U# CUT." a ;d ^
#
^ " F B
M"r
JRT"#O*"U M"M"M
{ PYR W~|RphSQTU~Yj TU~| g RphS]R ehde OQTe ~&O g ph~S}phOQTe ~SZ[p+!hRSiOQP|TUST!TU~^ ehd e ~O g phO
hR g `& e |WUp g phZ e ~Yjm g phOQT\OQTe ~YR g S y I e ph^p!`aS e |OQTe ~S e ~S]OQT\OQWYO]R OQPYR_Z e S]O
TUZ ehg OQph~Oi e Z e ~YR~O ehd OQPR O g ph^|TU~Yj X eae ! dehg Z[ph~` )~ph~|kTUph TU~|S]OQT\OQWYOQTe ~|S y
N d W g OQPYR g TU~R~OQT&hR8phSjT&hR~ X` OQPYRTU~O g}e ^W|OQTe ~ ehd OQPRR\RO g}e ~TUO g ph^TU~Yj
|UpO dfehg Z[S O e phkRSQSO e ^YR g T&pOQT&hRZ p g !hRkOQS y o
ehg T~S]OQph~Rh TU~ qshsq Z ehg ROQPph~
o shshZ e OQTe ~ e ~O g phOQSMbR g Ri^ e ~YRbvQWS]O e ~it m 2 t Z[p g !hRkO y
{
PYR Up
g
jhR
d
phZ TUUTUp
g
TUO`rOQPpO O g ph^YR
g S jhR~R
g
phU\` P|phR7 T\OQP
e
OQT
e
~|S^
e
RS ~ e O
g RhR~O OQPYRV gQe X|URZ[S TU~^WR^Xa`Up g jhR e OQTe ~ e SQT\OQTe ~|S$O e e hR gy o Tg SQO ehd phU
p g TUkT~Yj gQe X|\RZCPphS O e XcR S e &hR^ y { PR/ phUWR ehd ph~ e OQTe ~[kph~ XcR e Z|WYO]R^
phS9OQPYR RcROQpOQTe ~ W|~^YR g S e ZR g TUS4! ~YRWYO g ph|ZRphSQW g R ehd OQPYR ^TUSQ e W~O]R^ dWYOQW g R
kphSQP e S y R~RhhOQPYRR~O g phaTSQSQWYR9XcR e ZRSnOQPYR^YR)~|T\OQTe ~ ehd OQPR g TS4! ~YRWYO g ph
ZRphSQW g R O e jhRkO OQPYR RcRO]R^QphUWYR y
9e S]RU` g RUpO]R^iO e OQPYRb g TUkTU~jV gQe X|\RZ !OQPYRbPYR^YjTU~Yj gQe X|\RZLpcRp g SRph P
OQTUZRiph~ TU~ hRSQO ehg PphS ph~ e cR~ e OQTe ~ e SQTUOQTe ~ y { PTUS e W^ XcR OQPYRkphSQR ehd ph~
TU~S]OQT\OQWOQTe ~ SQRUUTU~Yj_ph~ e OQTe ~mO e jphTU~ e ~;OQPYRR^YjhR)phTU^mX` OQPYR[kWS]O e Z[R gy #z~
ehg ^YR g O e p e TU^ W~YR RO]R^e SQS]RSkhOQPYRVTU~|S]OQT\OQWYOQTe ~PphS O e X|W|TUU^ip ehg O dfe UTe OQPpO
g Rk|UTUkpO]RSiOQPYR e |OQTe ~ phUWYR TU~ ehg ^R g O e e hR g OQPYR g TUS4! PYR~ OQPYR e SQTUOQTe ~&TUS
ke S]R^ y
{ PYRbOQPTg ^ g}e X|\RZ TUS TU~PYR g R~OnO e OQPYRV~pOQW g R ehd|e |OQTe ~ e ~O g phOQS y9{ PYRV~ e ~
UTU~YRp g TUO` ehd OQPR g RUpOQTe ~&OQPpOUTU~$!S e OQTe ~ g TURS O e W~^R g \`TU~YjrphSQS]RkO g TURS
jhR~YR g pO]RSS e ZR gQe X|\RZ[S dfehgig TUS4!mZRphSQW g RZ[R~OknO eeYy # ~&|p g OQTUkWUp g $phU OQPYR
^TUS]O g TUX|WYOQTe ~ X|phS]R^ g TUS"!"Z[RphSQW g RSk S}W}P phS OQPR phUWYR pO g TUS"!)bXcR e ZRPhR g `
^Tu kWUO O e RS]OQTUZ pO]R phUS e W~^R g OQPR[S]OQph~^p g ^mphSQS}WZOQTe ~ ehd OQPYRW~^YR g \`aT~Yj
phSQS]RkO g RkOQW g ~r~ ehg Z[phT\O` y
#z~ S]|TUO]R ehd OQPR_T~O gQe ^WOQTe ~ ehd p e ~SQTS]O]R~O~aWZX R gehd g RphTUS]OQTU g TUkTU~j
Z e ^RUSkOQPYR Z e S]OWS]R^; g TUkTU~YjrZ e ^YR TS S]OQTUU OQPR e ~YR T~O gQe ^WR^&X` Uph"!
*
}P
e
URS
w ph~^
u R g O e
~
y X pX
e
WYO OQPT
g O ` `hRp g S pj
eYyi{
PYR
e
|W|Up
g
T\O`
ehd OQPTUS
Z e ^R|TUS g TUZ[p g TU\`^|WYR O e RphS]R ehd TUZ|\RZ[R~O y # ~^YRkR^# e ~\` e ~YR W~ e X|S]R g pX|UR
|p g phZRkO]R g P|phSVO e XcR RS]OQTUZ[pO]R^ ph~^ phUcOQPYR e OQPR g p g TUpX|\RSVp g R e X|S]R g pX|\R TU~
OQPYR Z[p
g
!hRkO
y
e RhR g OQPYR Uph"!* }P e \RSmZ e ^R kph~~ e O XcR e ~SQTU^R g R^ OQPYR e OQTUZ[ph
}P e TUR dehg g TkTU~Yj;ph~^PR^YjTU~Yj e |OQTe ~S y { PYR Z e S]O ^RkX|pOQpX|\R TUSQSQWYR TS[OQPYR
phSQSQWZ|OQTe ~OQPpO OQPYR W~|^YR g \`TU~Yj gQe RSQS PphS p e ~S]OQph~O e UpOQTUT\O`)p g phZRkO]R gy
{ PYR PT\jP !aW g O e SQTUS e ~ S]O e ! g RkOQW g ~^TUS]O g TUX|WYOQTe ~# ehg T\jTU~phUU`& e TU~O]R^ e WYO[Xa`
o
phZ p q Y ph~^
u
ph~^YR\X
gQe O t
w
aph~^[OQPYR
e
UpOQTUUT\O `SQZ[TU\RRcRObkphSQP3 TUOQPOQPYR
phSQS}WZOQTe ~ ehd e ~S]OQph~O e pOQTUUT\O ` y
u ehg R e hR g RhR~ Tdie ~YR&phkRkOQS OQPYR& e ~S]OQph~OQ e UpOQTUT\O` phSQSQW|ZOQTe ~#ph~
RS]OQTZ[pOQTe ~" gQe X)\RZ S]OQTUU g RZ[phTU~|S y # ~^YRkR^# OQPYR W~^YR g \`aT~YjQ e UpOQTUT\O` TUS~ e O
e
X|SQR
g pX)\Rph~|^ PphSO
e
XcRiRS]OQTZ[pO]R^
y8*
TU~|R
e
OQT
e ~ g TRSp
g
RjhR~YR
g
phU\`QhR
g `
S]R~|SQT\OQT&hR8 T\OQP g RSQ ROO e e UpOQTUUT\O`h|OQPYRR gQgQehg Z[ph^YRX` S}WYX|S]OQT\OQWOQTU~YjOQPYRO g WYR
|p g phZRkO]R g TUOQPrOQPYR RS]OQTZ[pO]R^ e ~YR e WU^ ~ e O X R e ~|SQTU^YR g R^ ~YRkjUT\jT\X)\R RTUOQPYR g
dfehg
g TkTU~Yj
ehg dfehg
PYR^YjTU~j)W
g e S]RS
y
# ~ ehg ^R g O e g RUp OQPYR& e ~|S]OQph~OP e UpOQTUUTUO` phSQSQWZ|OQTe ~# TU~ OQPYR UphSQO O e
^YRkph^RS p[p g jhRi~aWZiXcR g ehd S]O e }P|phS]OQTUT e UpOQTUT\O`rZ e ^YRUSVP|phRX RkR~ gQe e S]R^ y
*ae
Z[R&S]RZ[TU~ph|pcR
g S e ~ OQP|TUSrSQWYXv]RO p g R;OQP
e
SQR;X`
W|U ph~|^ C P|T\O]R t X
C T\jhjTU~S
n q *
O]RT~ ph~^
*
O]RTU~
n s ph~^
RS]O
e ~ ts ym{
PYR Z[phTU~
d
RpOQW
g R ehd
OQPYRSQR Z e ^RUS TS OQP|pOVOQPYR e UpOQTUUT\O ` TUS~ e e ~YjhR g e ~|S]OQph~Ok|X|WYOT\OQS^Y`a~|phZ[TUkSTUS
^YRS} g T\XcR^ Xa`ip S]O e }P|phS]OQTUb^TNcR g R~OQTphRFaWpOQTe ~ y *ae ZR ehd OQPYRS]RZ e ^YRUS gQe TU^YR
p ke S]R^dfehg Z S e UWYOQTe ~&S e OQPpOOQPYRTg TZ|\RZR~OQpOQTe ~&^|Tu kW\O ` TS SQTUZ[TUp g O e
OQPYR ph"! * }P e URS Z e ^YRy
e bRhR g VS]O e }PphSQOQTU e UpOQTUUTUO` Z e ^YRUS p g R ~ e O ph"!TU~Yj;^ g p X|ph"!S y { PYR
TU~O
gQe
^WOQT
e ~ ehd
p S]R
e
~^_S
e W g
R
ehd W~R
g
OQphT~O `[
gQe
^WRSbZ[p
g
!hRkOVTU~
e
Z[|\RkO]R
~YRS}S y;{ PTUSi gQe X|\RZETUSjhR~YR g phUU`&S e &hR^ X` phSQSQWZ[T~Yj p dW|~OQTe ~ph dehg Z dfehg
OQPYR e UpOQTUT\O` g TUS4! g RZ[TUW|ZEph~^"TUZ[|UTUkT\OQU` Xa` Z[p+!TU~Yj;S e Z[R_P`a e OQPRSQTUS e ~
TU~ hRS]O
ehg
g R dR g R~RS
y
NLZ
ehg R g
phOQTkph)
gQe
X|\RZ e
~R
g
~SbOQPYR RS]OQTZ[pOQT
e ~ ehd
Z e
^YR)|p
g
phZRkO]R
g S y
# ~^YRkR^# S]O e PphS]OQTUQ e UpOQTUUT\O ` Z e ^YRUS p g RrjhR~R g phU\` X|phS]R^ e ~ e ~YR 'ehg Z ehg R (
UpO]R~Op g TUpX)\RS ph~^ p S]RkO ehd W~ e X|S]R g pX|UR)p g phZRkO]R g S y t Z|Tg Tkph#TU~ hRSQOQT\jp
OQTe ~|SS}P e COQPpO SQO e PphS]OQTU e UpOQTUT\O` Z e ^YRUS p g R7hR g `m^Tu kW|\O O e RS]OQTZ[pO]R y
R~RhOQPYR|p g phZRkO]R g Z[TUS}S]cRkTN)kpOQTe ~ gQe X|\RZ ^WYR O e RS]OQTZ[pOQTe ~ R gQgQehg kph~
~ e O X R ~Rkj\RO]R^rRT\OQPYR g dehg OQPR e OQTe ~r g TUkTU~Yj ehg dfehg OQPYR PR^YjTU~Yj y
{$e g
R^|WR OQPYR TUZ[|phO
ehd OQPR |p
g
phZRkO]R
g
Z[TUSQS]cRkTN kpOQT
e
~#kOQPYR S}WYcR
g
PYR^YjTU~j
p gQe ph}Pm g}e e SQR^ Xa` NMhRUUph~YR^|p R` ph~^ x p g phS- y 'PR g Rp dO]R g N x ( kph~
XcRijhR~R g phUT&JkR^ O e p S]O e }PphS]OQT e UpOQTUT\O` dfg phZR ehg ! y { PYRSQWYcR g PYR^YjT~Yj[W~
^YR
g
N
x
p
gQe ph}P
gQe
TU^YRS O e X e W~^|S
dfehg OQPR g
TUR
ehd ph~
e
OQT
e
~r
ehg
O
dfe
UT
e
Xa` phS}SQWZ[TU~j OQPpO OQPR; e pOQTUUT\O` TUS W~!a~ e ~ X|WYO X e W~^YR^ XcRkO bRkR~;O e ph
WYRS y R)~|TU~Yjip SQRkO ehd e SQSQT\X)\R e UpOQTUUT\O` phUWRS TUS RFaWT&ph\R~O9O e ^R)~TU~Yj piS]RkO
ehd RFaWT&ph\R~O Z[p g OQTU~jph\R ZRphSQW g RS dfehg OQPYR~ e p g X|T\O g pjhR e OQTe ~ g TUR y m
~^YR g
OQPTS p g}e ph}P OQPYR O6 e X e W~^S dehg OQPYR e |OQTe ~ g TUR p g R jhR~YR g phUU`7hR g `[^TUS]OQph~O
dfgQe Z Rph}P e OQPYR g ph~^"kph~~ e OXcR_ e ~ hR~|T\R~OQU` WSQR^ y ` phS}SQWZ[TU~j p;Z e ^YR
dfehg OQPR8
e
UpOQTUT\O` ^`a~phZ TU ph~^ X` TZ
e
SQTU~Yj[S
e
Z[RiX
e
W~^S
e ~ OQPRi|p
g
phZ[RkO]R
g
S]RkOk T\OTUS e SQSQT\X)\R O e g R^W|R[OQPYR SQRkO ehd RFW|T& phUR~OiZ p g OQTU~Yjph\R[Z[RphSQW g RSph~^
OQPYR g R dehg RiOQPYRi^TUSQOQph~R XcRkObRkR~ OQPYR O6 e g TUR X e W~^S y
# ~ 9Pp|O]R g q OQPYR N
x
p g}e ph}P TUSRO]R~^YR^O e p;SQO e PphS]OQTU e UpOQTUT\O`
"!#$%&'( )*,+-)./0124356789":01<;& )=8>?@:BA
C D./E!F GHAI8J:BKMLN &1'<12POG)*D8RQ>":BKMST12U&1P"BAI8V:W"12X;I!&1-!1!F
HAI8>"J:BA
dg phZ[R
ehg
! y {
PYRO e X e W~^|S
dfehg OQPYRV
g
TUR
ehd ph~
e
OQT
e
~
ehg
O
de
T
e p g R e
XOQphTU~YR^
X`~WZ[R g TUkphU\` S e &aT~Yj p ~ e ~YUTU~YRp g x t y{ PYRbp||UTUkpOQTe ~O e RS]O e ~S9Z e ^YR
SQP e S[OQPpO OQPYR ^TS]OQph~R XcRkObRkR~ OQPYR O6 e g TUR X e W|~^STUS e bR g OQP|ph~ OQPYR
^TUS]OQph~R XcRkO6 RkR~ OQPYR g TUR X e W~|^S e XOQphTU~YR^ T~_OQPYR N
x
p gQe ph}P y
C TUOQPTU~ OQPRN< x p| gQe ph}POQPYRSQWYcR g PYR^YjT~Yj g TR ehd ph~ e |OQTe ~ ehg O de UTe
T\OQPp^R\OQp dW~OQTe ~Z e ~ e O e ~TU T\OQP g RS]cROnO e OQPYRW~^YR g U`aTU~j g TURTUS$jT&hR~
X` OQPYR ph"! * }P e URS dfehg ZWUpT TUOQP7 e UpOQTUUTUO` RFW|phO eie ~R ehd OQPYR O6 e X e W~^S y
m ~^R g OQPYR[S]O e }PphS]OQT e UpOQTUUT\O ` p| gQe ph}Pp ke S]R^Ydehg Z S e UWYOQTe ~;kph~~ e O X R
e XOQphTU~YR^;RhR~"TU~&OQPYR kphS]R ehd Z e ~ e O e ~T[^YR\OQp dW~|OQTe ~ y e bRhR g p ke S]R^
dehg Z p gQe TZ[pOQTe ~ ehd OQPYR O6 e SQWYcR g PR^YjTU~Yj X e W~^|S9kph~ XcRWS]R^. PYR~YRhR g
p ke SQR^ dfehg ZIS e UWYOQTe ~ kph~ XcR e XOQphT~YR^ dfehg OQPYR_S]O e PphS]OQTU. e UpOQTUT\O` Z e ^YR
e ~SQTU^YR g R^ y
#z~ ehg ^YR g O ee XOQphTU~ pWS]R dW O ee dfehg g TUkTU~Yj ph~^rPYR^YjT~YjYp bp!`_O e ^YRkO]R g
Z[TU~YROQPYR|p
g
phZ[RkO]R
g X e
W|~^S PphS O e
XcR^YR)~YR^
y
#z~ 9P|pO]R
g Y S e ZRX
e
W~^|S
dehg OQPYRD e UpOQTUUTUO`[ g}e RSQSb|p g phZRkO]R g SVp g R e XOQphTU~R^ Xa` cR gQdfehg Z[TU~jiph~_TU~O]R g ph
RS]OQTUZ[pOQTe ~ ehd p kUphSQS ehd S]O e PphS]OQTUB e UpOQTUT\O`;Z e ^YRUS y {e Pp hR p e ~SQTUSQO]R~O
RS]OQTUZ[pO
ehg
hOQPR TU~^|T
g
ROTU~
dR g
R~|R TU~O
gQe
^WR^ Xa`
e W g
T\R
gQe Wc
u e ~ dehg
O ph~^;2 R
~phW\O Y t ph~^ OQPR t u u TU~O gQe ^WR^rXa` phUUph~O ph~^ { phW PYR~ Y X p g RWS]R^ y
e OQPOQPYR RS]OQTUZ[pOQTe ~ZRkOQP e ^S gQe aTU^R ph~phS]`aZ[O e OQTU ^|TUS]O g T\X)WYOQTe ~ dfehg OQPYR RS]OQT
Z[pO
ehg
OQPpO kph~[X R W|S]R^ O e
phSQS]RS}S9p e
~E)^R~R TU~O]R
g ph
dfehg Z e
^YR|p
g
phZRkO]R
g S y
#z~;OQPR SQphZR }Pp|O]R g p u e ~O]RQ9p g e SQOQW^Y`;TUS cR gQdfehg ZR^;O e hR g Td` PYRkOQPYR g
OQPYR phS]`ZO e OQTU ^|TUS]O g T\X)WYOQTe ~ e WU^rXcR e ~SQTU^R g R^ pj eae ^ p gQe TUZ pOQTe ~rphUS e
TU~_OQPYR )~TUO]R SQphZ|\R y
{ PYRRS]OQTUZ[pOQTe ~ dfg phZR ehg ! TSb^|T&aT^YR^[TU~O e O e |p g OQS y { PYRM g SQO e ~YR TUSb^YR
e O]R^ O e RS]OQTZ[pOQTU~YjOQPYRZ e ^RW~^R g OQPYR g Rph ehg U^ gQe X|pX)TUUT\O`ZRphS}W g R y o ehg
OQPTUS |W g e S]RhOQPYR W~^YR g \`aT~YjrphSQS]RkO g RkOQW g ~Sip g R W|S]R^ yr{ PYR[)p g phZRkO]R g SRS]OQT
Z[pO]R^ TU~[OQPTUSRp`[kph~~ e O XcR WS]R^ dehg g TUkTU~Yj ph~^ PYR^YjTU~j |W g e S]RSk PYR g R p
g TUS4!ph^ v]W|S]O]R^ gQe X)pX|TUUT\O`ZRphS}W g R PphS9O e XcR e ~SQTU^R g R^ y #z~ ehg ^YR g O e RS]OQTUZ[pO]R
OQPYRZ e ^R$)p g phZRkO]R g S W~|^YR g OQPYR g TUS4! ph^v]WSQO]R^ gQe X|pX|TUT\O` ZRphS}W g Rhp_OQTUZR
S]R g T\RS ehde OQTe ~TUZ)UT\R^ e pOQTUUT\O` TUS WS]R^ y u ehg R e hR g VTU~ OQPYR g TS4! ph^ vQWS]O]R^
dg phZ[R ehg ! YOQPYRi^|TUS]O g T\X)WYOQTe ~ ehd$e OQTe ~ TUZ|T\R^0 e pOQTUUT\O ` kph~ X R RS]OQTZ[pO]R^ y
9PpO]R
g t TS^R
e
O]R^&O
e
hR
g Td
`TU~Yj g
TUkTU~j ph~^mPYR^jTU~Yj
g
RUTUpX)TUUT\O `
ehd OQPYR
SQWYcR g PYR^YjT~Yj[ZRkOQP e ^ gQe e S]R^ y { PRi g TkTU~Yj gQe cR g OQTURS p g RRphZ TU~YR^ TU~ p
g Rph^pOQp RacR g TUZ[R~O y&{ PR e OQTe ~Z[p g !hRkO g TUR_TUS phUZ e SQOph&p`SXcRkO bRkR~
OQPYR O e SQWYcR
g
PYR^jTU~Yj X e W~|^S
y 9 e Z[|p
g
R^ O e
OQPYR[SQWYcR
g
PR^YjTU~Yj X e W|~^S
ehd
OQPYR;N x p gQe ph P# OQPR SQW R g PYR^YjTU~Yj X e W~^S W~^YR g S]O e }PphS]OQT e UpOQTUUT\O `
jhRkOke SQR g O e Rph}P e OQPYR g ph~^ e WU^ XcRi e ~ hR~T\R~OQ\` W|S]R^ O e ^YR)~YRp X|T^phS4!
S] g Rph^ y
#z~ p S]OQph~^p g ^ Uph"! * }P e \RS dfg phZR ehg ! p SQRd ~ph~kTU~Yj g Rk)UTUkpOQTU~Yj ehg O
de UTe kph~ XcR dfe W~^_Xa`_W|SQTU~YjOQPYRW~^YR g U`aTU~jphSQSQRkO ph~^ p g TUS4!\RSQSX e ~^ y%* TU~R
TU~piS]O e }P|phS]OQTU1 e pOQTUUT\O`Z e ^YRYOQPR g R TUS9p~YRS e W g R ehdcg ph~^ e Z[~YRSQSkOQPYR O e
phSQS]RkOQS p g R~ e e ~YjhR g SQWeu kT\R~O y #z~ ehg ^R g O e R~|SQW g RX e OQP OQPR g Rk|UTUkpOQTU~j ph~^
OQPYR SQRd ~ph~kTU~Yj gQe cR g OQT\RS TUOTUS ~YRRS}SQp g ` O e TU~O gQe ^WR p SQR e ~^ e OQTe ~#
T yR y p[~YR phS}S]RkO1 P e SQRT phUWR ^YRkcR~^S e ~rOQPYRT e pOQTUUT\O ` y
N u e
~O]R>9Vp
g e RcR
g
TUZR~O SQP
e S OQPpO OQPR SQWYcR
g
PR^YjTU~Yj W~|^YR
g
S]O
e
}P|phS
OQTU8 e UpOQTUT\O` S e &hRSOQPYR |p g phZRkO]R g Z[TUS}S]cRkTN)kpOQTe ~ gQe X|\RZ y u ehg R e hR g $OQPYR
g}e e SQR^ SQWYcR g PYR^jTU~Yj p gQe ph P cR gQdfehg Z[SXcRkO]O]R g OQPph~ OQPYRiN< x p gQe ph P y
{ PR SQphZR g RS}W\OQSVp g R e X|OQphTU~YR^rW~^R g Z e ^R#Z[TUSQS]cRkTN kpOQTe ~ y
# ~ OQPR S]R e ~^|p g O ehd OQPTUS ehg ! A RphTUZ O e SQP e OQPYRbTUZ|phO ehd Up g jhR e |OQTe ~
e SQT\OQTe ~S e ~ g TUS4! ZRphS}W g RZR~OVZRkOQP e ^S y 9Pp|O]R g y g}e TU^YRSph~ e hR g T\R ehd
S e Z[RQ phWYR pO g TUS"!'PYR g Rp dO]R g x9p 2D( RSQOQTUZ[pOQTe ~ Z[RkOQP e ^|S y NZ e ~Yj phU x9p 2
RS]OQTZ[pOQTe ~ Z[RkOQP e ^|Sk e ~\` OQP e S]R pX)\R&O e Z[ph~|pjhR ~ e ~TU~YRp g e SQT\OQTe ~|Srp g R
e ~S}TU^YR g R^ y { PYR g S]O[Z[RkOQP e ^ e ~SQTU^YR g R^TUS[ e Z|URkO]R\` )p g phZRkO g TUrph~|^ T\O
TUS X|phS]R^ e ~ pBFW|ph^ g pOQTU p| gQe YTUZ[pOQTe ~ yV{ PYR~ e ~|p g phZRkO g TU ZRkOQP e ^ X)phS]R^
e ~ P|TUS]O ehg TUkphcSQTZWpOQTe ~STUS phUS e ^YRSQ g T\XcR^ y { PYR e |OQTe ~_ ehg O de Te g R phWpOQTe ~
Z[ph^R dehg Rph P|phS]O[SQR~|p g Te Z[p+!hRSOQPTSZRkOQP e ^ S}WT\OQpX|\R O e Z[ph~pjhR Up g jhR
e OQTe ~r e SQT\OQTe ~S y
{ e jhR~YR
g
phUT5JpOQT
e
~S
ehd
OQPYR SQOQph~^p
g ^ PTUS]O ehg
TUkph SQTZWpOQT
e
~ZRkOQP
e ^ p g R
g RS]R~O]R^ y { PYR; g S]O e ~YR[TUS OQP|pOiTU~O gQe ^|WR^ X` e W|^ e W$!P# 2 T}Pp g ^|S e ~mph~^
C PT\O]RUp X s ph~^T\O TUZ gQe hRS[OQPYR S]R~SQT\OQT5aT\O ` ehd x9p 2 ZRphSQW g R O e S}W^^YR~
Pph~YjhRSiT~ Z p g
!hRkO
g
TUS"!
y N Z ehg
R[
e
Z|\R jhR~YR
g
phUT&JpOQT
e
~;TUS OQPpO TU~O
gQe
^WR^
Xa` p gQe ~RN ^YRS}T be W g j e T~[ph~^ TUph~|~ e e We S o PTU}PTS !a~ e ~[phS \O]R g R^
PTS]O ehg TUkph)SQTUZWUpOQTe ~[Z[RkOQP e ^ y { PTUS9p gQe ph}P TUS g TUZ[p g TU\`i^YR e O]R^ O e S e &TU~Yj
OQPYRrTU~|
e
~SQTUS]O]R~|`&
gQe X|URZ
ehd
OQPYR S]OQph~^p
g ^ P|TUS]O ehg
TUkphbSQTUZWUpOQT
e
~Sx9p 2 RS]OQT
Z[pO ehg!y NCjhR~R g phUT&JpOQTe ~ ehd OQPYR )\O]R g R^ PTUSQO ehg TUkphS}TUZW|UpOQTe ~ ZRkOQP e ^ TUSphUS e
g}e e SQR^ y
{ PYR ^TNcR g R~O x9p 2 RS]OQTZ[pOQTe ~rZRkOQP e ^S p g R O]RS]O]R^ TU~ 9VPpO]R g n Xa` W|SQTU~Yj
ph~&W|~ e ~^T\OQTe ~ph$ph~|^;pr e ~^T\OQTe ~|ph$O]RSQO y { PYR O]RS]O g R dR g S O e p_OQTUZR[P ehg T&J e ~
ehd$e ~YR ^p` ph~^_O e phkRkO]R^ e SQS gQe X|pX)TUUT\OQT\RS ehd
X
ph~^ y y o e W g ehg O dfe UTe S
p g R e ~|SQTU^YR g R^wnO6 e T\OQP_UTU~YRp g e SQT\OQTe ~S e ~\` ph~^_O6 e T\OQP g R\Rph~O e |OQTe ~
e SQT\OQTe ~S y
{ PYR O]RS]O g RS}W\OQS S}P e GOQPpO OQPYR \O]R g R^P|TUS]O ehg TUkph SQTUZWUpOQTe ~ p gQe ph P
cR gQdfehg Z[S$XcRkO]O]R g OQPph~OQPYR e OQPYR g x9p 2 RS]OQTZ[pOQTe ~ ZRkOQP e ^S y { PYRbjhR~YR g phUT5JpOQTe ~
g}e e SQR^cR gQdehg Z[SXcRkO]O]R g OQP|ph~ OQPYR SQOQph~^p g ^ )\O]R g R^ P|TUS]O ehg TUkph SQTUZWUpOQTe ~
ZRkOQP e ^ dfehg OQPYR phkRkO]R^ e SQS gQe X)pX|TUUT\O ` ehdy y { PYR/ ehg S]O9cR gQdfehg Z[ph~|RS p g R
e
XOQphT~YR^ TUOQP;OQPYR )p
g
phZRkO
g
TU ZRkOQP
e ^ y # OS]RkRZ[S
e
Z|\RkO]R\`;TU~|ph^YRFW|pO]R[O
e
Z[ph~|pjhRi~ e ~UT~YRp g e SQT\OQTe ~S y
/ R
/ / R
/
#z~ p e Z|\RkO]R Z p g !hRkO9phUOQPYR e ~OQT~YjhR~O9kphTUZ[S kph~ XcR g Rk)UTUkpO]R^X`p ehg O de
UTe e Z e S]R^ ehd S e ZR X|phSQTU g TS4!` phSQS]RkOQS 'SQO e !aS ehg kW gQg R~kTURS)( ph~^rp g TUS4!\RSQS
phSQS]RkO y #z~ OQPTUS Z p g !hRkOkVOQPYR ~ e p g X|T\O g pjhR p g jWZR~O3phS WSQR^O e g TUR e ~
OQTU~YjhR~O[kUphTUZ[S g S]OQ\` X` Uph"! ph~^ * }P e \RS w ph~^
u R g O e ~ y X
y NGZ ehg R
Z[pOQPYRZ[pOQTUkph\`" g RkTUS]R dfg phZR ehg ! dfehg OQPYR p|UTUkpOQTe ~ ehd OQPYR ~ e p g X|T\O g pjhR
p g jWZR~O O e OQPYR e OQTe ~ g TUkTU~j7bphSjT&hR~ UpO]R g X` p gQg TS e ~ ph~^ g Rk)S Y n
ph~^
p g}g
TUS
e ~ ph~|^
x
UTUS"! p
Y#Z Y o y
N UOQP e WYjP Z[p g !hRkO e Z[|\RkO]R~YRSQS TS p^RSQTg pX|UR g}e R g O`iO e g TURp kUphTUZrT\O
TUS ~ e ORhR~mp g RphUTUS]OQTUiphSQSQWZ|OQTe ~ y e bRhR g phUS e TU~ ph~ TU~| e Z|\RkO]RZ[p g !hRkOk
OQPYRrTU~ hRSQO ehg kph~"XcR_S}p dR Td PYRrphkRkOQS[O e |p!` p;PTUjPYR g PYR^YjTU~Yjm e S]O y{ PYR
SQWYXv]RObphS ^RhRe cR^ X`R\X|pR~
X Z t ip gQe WT ph~^ WR~YRJ q X ph~^
g phZ7! e t y P e TU~O gQe ^WR^_OQPYRiT^YRp ehd S}WYcR g PYR^YjTU~jS]O g pO]Rkjh` y
#z~mOQP|TUS }PpO]R
g bR[S]O
g
RSQS OQPR ^|TN R
g
R~RS XcRkObRkR~ e
Z|URkO]R[ph~^;TU~
e Z
|\RkO]R Z[p g !hRkOQS y9{ PYR X)phSQTU S]RkO]OQT~Yj OQP gQe WjP e WYO TUXcR p e ~OQTU~W e WS9OQTUZ[R R e ~
e Zi` y e bRhR g )O e jT&hR pk\Rp g R g TU~O]R g g RkOQpOQTe ~ O e OQPR g RSQW\OQS ehd OQPYR e ~OQTU~aW
e
WS kphS]RhOQPRi^TUSQ
g
RkO]R OQTUZR R
e ~ e
Z` TUU XcR ^YRSQ
g
TUX R^_O
eaeYy
#z~ * ROQTe ~ X yX
OQPYRZ e S]OTZ ehg OQph~O g RSQW\OQS TU~ p e Z|URkO]RZ[p g !hRkOp g R ^YR
SQ
g
T\XcR^
y {
PYR S]ROQT
e ~ TUSVp[SQW
g
hRk`
ehd OQPYRT
ehg
!_X`
p gQg
TUS
e
~_ph~^
g
Rk|S
Y n $dehg
OQPYR ^TUS} g RkO]RVOQTUZR R e ~ e Zi`[ph~^ ehd OQPR1 ehg !aS X` p g}g TUS e ~[ph~|^ x UTS4! p Y#Z Y o
dehg OQPYR e ~OQTU~aW e WS OQTUZRR e ~ e Zi` y # ~ * ROQTe ~ X yq0 RO g `rO e UTU~$! OQPYRTUSQSQWYR ehd
OQPYR[W~R
g
OQphT~ e
UpOQTUUTUO`mS]O
g
WOQW
g
R7 T\OQPmOQPYR Z p g
!hRkOTU~|
e
Z|\RkO]R~YRS}S PTU\RTU~
* ROQTe ~ X
y[Y bRi^YRS} g T\XcR OQPYR SQWYcR g PYR^jTU~YjS]O g pO]Rkjh`rTU^YRp y
!"$#&%('
#z~ OQPTUSS]ROQTe ~ R_ph^ e OOQPYR_^TUS]OQT~OQTe ~# ehg T\jTU~ph\` Z ph^YR Xa` p gQg TUS e ~ ph~^
x UTUS"! p Y#Z nXcRkO6 RkR~ OQPYR ^TUSQ g RkO]ROQTZR ph~^ OQPYR_ e ~OQTU~aW e WS]OQTUZR R e ~ e Z[T\RS y
N \OQP e WYjP3bRp g RTU~O]R g RS]O]R^ TU~ OQPYR e ~OQTU~aW e WS OQTUZRS]RkO]OQTU~YjYOQPYR ^TUSQ g RkO]R OQTUZR
' c$' '
R
e ~ e
Z` T\OQP0)~T\O]R SQphZ)\R S]|phR R~pX|\RSVW|S O e
jT5hR pZ
ehg R e
Z
g
RPYR~|SQT\X|\R
TU~O]R g g RkOQpOQTe ~ ehd OQPYR g RSQW\OQS y { PYRi e ~OQTU~aW e WS OQTZR g RSQWUOQS/ TUU XcRi e Z)p g R^
O e OQPRi^TUSQ g RkO]R OQTUZR e ~YRS PYR~YRhR g e SQS}T\X|\R2 y
$pO]R g e ~#OQPYR Z[p g !hRkOnTUS$phSQSQWZ[R^iO e XcR dg TUOQTe ~\RS}Sk TyR y O g ph^TU~j kph~X R e ~
OQTU~aW e WS T\OQP ~RT\OQPYR g O g ph~SQphOQTe ~ e S]OQS~ ehg SQP ehg O S]RUTU~Yj g RS]O g TUOQTe ~S y u ehg R
e hR g )S]O e "!S )p`r~ e ^T&TU^YR~|^S y
LJL!L >0'c(5+!7 AB/#'e<D'<#+!6.' '"AB1I,01I6 K
T5hR~p OQTUZRP ehg T5J e ~ s PYR g RV|\RkO ' ( XcR p)\O]R g R^i g}e X|pX|TU
T\O` S]|phR; PYR
g
RiOQPYR>)UO
g
pOQT
e
~! w#"$
X
}q%&&&' ( TS
g
T\jPO
e
~OQTU~W
e
WSk
) w*+-,%./(021 w*3 ph~^4CPphSipB)~T\O]R~aWZiXcR g ehd R\RZR~OQS y u ehg R e hR g
phSQS}WZR'65%(7 s dehg phU859: y
M<;=M<;=M
{ PYRUphS]OS]OQpO]RZR~O TUZ|UTURS OQPpObOQPYRT~ hRS]O ehg Sbpj g RkR e ~|\` e ~
P|TU}P S]OQpO]R
ehd OQPYR;
ehg
U^ p g R e
S}SQT\X|\Rph~^ ~ e O phS
e e
~O P|pO OQPYR
gQe
X)pX|TUUT\O `
ehd OQPYR S]OQpO]RSTUS y { PYR g Rp dO]R g OQPYR de e T~Yj ^YR)~TUOQTe ~S ph~^ g RSQW\OQS9p g R O g WYR phUS e
TUOQPrp[SQWYX|SQOQT\OQWYOQTe ~ ehd &X`rph~rRFaWT&ph\R~OV gQe X|pX)TUUT\O` ZRphSQW g R y =
{ PR R e ~ e Z` TUS e Z e S]R^ Xa`4>@? X S]RkW g T\OQT\RS P e S]R g TUR[ gQe RS}S]RSBAC
'A wD"!
X
}q%&&&-E( PphS S]O g TUOQ\`r e SQT\OQT&hRph~^FYph^pO]R!^" e Z e ~YR~OQS y { PYR
g S]O S]RkW g TUO`;TUS g TS4!aURSQSD T\OQPA
)
) X y {e XcR[ e PYR g R~O8 T\OQP;OQPYR ~ e OQpOQTe ~ ehd
OQPYR dfe Ue TU~Yj S]ROQTe ~SD R ^YR~ e O]RGA
)
IH/ y u ehg R e hR g bR }P eae S]R OQPYR g TUS4!\RSQS
S]RkW g T\O`_phS ~aWZ R-g phTg R phSQS]RkO y
# ~ OQPYR9pX e hR Z[p g !hRkOkp JLKMONQPSR#TUVJLKMOJXWYT[Z TUS#p g R^TUOQpX)\R1'L>\?
X
(^TUZR~S}Te ~ph
g}e RSQS^]_`-]a VwD"7
X
}q%&&&' ( PYR g R g R^TOQpX|\RiZRph~|S OQP|pO^]a 7_! Lb
dfehg
"7
X
}q%&&&'
y {
PYR TU~O]R
g g RkOQpOQT
e ~ ehd
Rph}P e Z
e
~YR~O TUS OQPYR ~WZXcR
g ehd
S]RkW g T\O`_W~TUOQSV^YRkOQphTU~YR^rXa` OQPYRiTU~ hRS]O ehg pO OQTZR^" y
RkO WS ^R)~YR OQPYR>bRph\OQPr g}e RSQS/cD '] (pO OQTZR^"VphS
cD '] (bw*ed
]a fA8 gh]
)
H/ a?9ikj
lm
] l A l Td "n
X
}q%&&&-
] Ao)!k]
)
H)p?9i j
lm
] l A l
) Td "n s
ph~^ OQPYR jphTU~r g}e RSQS/q '] (VphS
q '] (bw*
rs
m ] sYt
A s rs
m ] )s t H s ? j
r
lm
rs
m ] l s t A l
s
PR g R t A s uA
s$v
A sb ph~^
t H s
wH s$v
H sb
y?{ PYR;jphTU~ gQe RS}S kph~
XcR T~O]R
g g
RkO]R^ phSOQPYR S}WZ
ehd
OQPR kp|T\OQph jphTU~S
g
RphUT&JkR^ X`;OQPR TU~ hRS]O
ehg WY
OQP g}e WYjPrOQTUZR^" y #zO S]RkRZ[S ~|pOQW g ph#O e SQRkO/q^) '] (p s y
x "7!6 !& &$1 6 "!#'" 5 yU&!{z*!@1=}|N*!#yU& !6 ~|&6 N&E
!1&&!#1X1/ !#EP8V(9":BA
' c$' '
v UT M ;RM ;=M
JLKMON[P6R#TFUVJLKM[JXWXT[Z ] P6UEUVM[PLNJ.W P M[RaN
QRZP R "! RaN'UGMQK W MON N W N#QK $nPLJ%%NQKM&$nR9M[JMQR<Z('<WVK P) N "! X }q%&&&'*!J%%M[J
PU J UVMQZ P] fAo h] ,+
Ao .- =
BS M<;=M ;\ 2 RkphUTU~YjOQPYR ^R)~T\OQT e ~
ehd jphTU~r
gQe
RS}Sk
e
~YR kph~ SQOQpO]RiOQPpO
q "'] (w rs
m ] s 'YA
s v A sb (
] A v ]
Ao)? ] A v ] A ? &&&Q? ] 1 Aa1
v ] 1 Aa1b
]<1 A81 v ]
A)
PYR g R9OQPR UphS]O$UTU~YR9TUS e XOQphTU~YR^iX` WS}TU~Yj OQPYR ^YR)~T\OQTe ~ ehd S]Rd)~ph~kT~YjO g ph^TU~Yj
S]O g pO]Rkjh` y #zO dfe Ue SOQPpOp O g ph^|TU~YjmS]Og pO]Rkjh` TSS]R d )~ph~kT~Yj Td ph~|^ e ~U`&Td
cD "'] ( c<)S']a 6( ? q^ 4'] ( T yR y ph$ Pph~YjhRS TU~ OQPYR ehg O dfe UTe phUWR p g R ^|WYR e ~|\`
O e OQPYR g RphUT5JkR^ kp|T\OQph#jphT~S y =
v UT
M ;RM ;\/
JLKMON[P6R#TGU JLKM[JXWXT[ZE] PU!UMQPN J0.W123&465) P!PLJ P6U!UW7"8
9 RaMQR: P6R%T M[RaN\cD '] (<;Gs=* $>% WVK W J% W?M'U J U JYMOJXWA@ WVR JB@ W MQR<UFJ%%M[J^cD '] (PUFM
'C'U}PLJLPDQWE'aKFG:}WVU.U7- =
{ PYR S]RkO ehd phU#ph^Z TUSQSQT\X)\R O g ph^TU~YjS]O g pO]RkjTURS TUS ^R~ e O]R^rXa`IH y
N Z pOQW
g
T\O `i
e
~OQT~YjhR~O9kphTUZKJ TSnp ZRphSQW
g
pX|\RV~
e
~~RkjpOQT&hR
g
ph~^
e Z
p g TpX|\R y { PYRO phUWR ehd J kph~ XcR T~O]R g g RkO]R^ phSrp |p!` e pO_OQTUZR: ehd p
^YR g T&pOQT&hRiphSQSQRkOSQW|}P OQP|pO T\OTUS ^YRkO]R g Z[TU~YR^rXa`rOQPYR g RphUT&JpOQTe ~ ehd OQPYRBA g TUR
|pOQP y C T\OQP e WYO ph~` e OQPYR g S]OQpO]RZ[R~Ok e ~\`t W gQe cRph~rS]O`aURi e ~OQT~YjhR~O kUphTUZ[S
p g RV e ~SQTU^YR g R^ y N~ t W gQe cRph~ e ~OQTU~YjhR~O kphTUZ TUS p^R g T&pOQT&hRb e ~O g phO PTU}P
R~pX|\RSOQPYR[TU~ hRS]O ehg O e RR g kTUSQR[T\O e ~\` pO OQPRR|Tg pOQTe ~m^pO]R y # O ^T& R g S
dgQe
ZJOQPYR NZR
g
TUkph~[SQO`\R e
~OQTU~YjhR~O kUphTUZ S PYR
g
RVOQPYR RaR
g
kTS]R kph~[OQp+!hR |UphR
^W g TU~jphUcOQPRiUTdR ehd OQPYRkUphTUZ y
v UT
M ;RM ;W
:LQR JLPSR#T#WR JM:GM[PN@O$nPSJ%JLP@GW!/' MQZ6P W.Q7!<M&0J J P6UUVMQPN
JR}W?SFSTU5) PJ% WKW_W.V[P6U J M[R MON&@BP6U.U PW7W JLKMONQPSR#TU JLKM[JXWXT[Z ] UL!:A% J%%M[J
c 1'] (pXJY- =
{ PYR Z[phT~0FaWYRS]OQTe ~ TUS9O e ^YRkO]R g Z[T~YR OQPYR[Z g pOQTe ~ph,\ g TR ehd SQW P pkUphTUZ y { PYR
Z e S]O e Z Z e ~ p| gQe ph}P TUS9O e WS]R OQPYR S e kphU\R^[p g X|T\O g pjhRp g jWZR~O y N ~ p g X|T
O g pjhR e | ehg OQW~T\O ` TS^YR)~R^ O e X R ph~ph^Z TUSQSQT\X)\R S]O g pO]Rkjh`S}W}POQPpO c )S'] (p s
ph~^^] c 1 '] ( sT yR y pSQO g pO]Rkjh`0 P|TU}P kph~rZ[p+!hR gQe |O% T\OQP e WYO ph~` TU~ hRS]O
ZR~Oph~^ ph~`
g
TUS4!
y { PYR
g
pOQT
e
~ph kphTUZ g TUR TUS
e
XOQphTU~YR^ Xa`&phSQSQWZ[T~Yj OQPYR
pX|S]R~R ehd p g X|TUO g pjhR e ehg OQW~TUO` T~_OQPYRi e ~SQT^YR g R^rZ[p g !hRkO y
o Tg S]O ehd phU:bR PphR O e ^YR ~YRp g TUR S]`aSQO]RZ dehg OQPYR e ~OQTU~YjhR~O kUphTUZ[SphS
p dW|~OQTe ~I_ P|TU}PrZ[p)S dfgQe Z OQPYRiSQRkO ehd phUTU~O]Rkj g pX|\R e ~OQTU~YjhR~O kphTUZ[SVO e
`
+ba
!s%(ph~^ S}pOQTUS |RSVOQPR de Ue TU~j e ~|^T\OQTe ~Sw
_ 'WJR(p s Td ph~^
e
~U` Td
J\ s
_ ')cCJ?edAJgf5(nXch_ 'WJR(0?idL_ 'WJgf( jc .dk; s
n
' c$' '
PR
g R J ph~^[J
f p g R O e
^TNcR
g
R~Obp
g
X)T\O
g p g
`[
e
~OQTU~YjhR~OVkUphTUZ[S
y I e
O]R OQPpOOQPYR
UphSQO e ~^T\OQTe ~mZWS]O XcR O g WYR dfehg phU OQPYR[ e ~OQTU~YjhR~O kUphTUZ[S y { PYRpX e hR g TUR
S]`S]O]RZ TUSSQphTU^ O e XcR[:LQRDU}P6U JXWR JM T\OQP OQPYRZ[p g !hRkO Z e ^YR$Td _ c 1%'] ( `c<) '] (
dfehg phU0]:H y
hPUT
M<;=M<;{
RWTQ7! PD'M&WVRaJ @GMQKVJLP6R#T#M&W @GW.M'UL! K W P6UMY'8K6.MVPPSJLZ(@ W M&8
U"!%K WBN W 9 R8W NI[R_J%DWEU' M: W7'.( UL!:A%J%%M[J
PSJ^P6UFWTQ7! PD'M&WVRaJEJ * P)-LWG-p'T( s PMQRaNRQRZ4P '>( s?A[KMN
C
J% W2MON[R8 PW:. NQZ&@ N WK}PD'MOJLPND[W O +'^ (.*7J%%M[J$P6U
' O (
[ <
J% WBNQP6UA:.!%RaJXW NB'aKFG: W U.UH b
Ao !PU M 8 @GMQK JYP6R#T#M&WG-
=
{ PR S]RkO ehd phOQPYR RFWT5 ph\R~OZ[p g OQTU~Yjph\R Z[RphSQW g RS$TUS^YR~ e O]R^iXa` y u
ehg R e hR g
e
~YR kph~rSQp!`[OQPpOVT
d
]:HaOQPYR~ Rph}P
TUSbpZ p g
OQTU~Yjph\RZRphSQW
g
RphUS
edfehg
OQPYR^TUS} e W~O]R^8phUWYR gQe RS}SgH b
cD '] ( y # ~^YRkR^# X`WSQTU~Yj pjphTU~iOQPRb^YR ~T\OQTe ~
ehd S]Rd )~|ph~kTU~Yj O g ph^|TU~YjiS]O g pO]Rkjh`hT\O TUS e S}SQT\X|\RVO e hR g Td`OQPpO
t H b
c< '] (
t
']a YH b
A8 ( y { PYR9 g}e RSQS-]a (bTUS g R^TOQpX|\R SQW|}POQPpOg]
t
']a YH b
Ao 6( s
ph~^FH b
c< "'] ( TUSVp Z[p g OQTU~Yjph\R y
p gQg TS e ~_ph~^ x UTUS"! p Y#Z SQP e OQPYR g RpOQTe ~SQPTU XcRkObRkR~ ph~|^ OQPR SQRkO ehd
g TUR S]`S]O]RZ[SVXa` gQe TU~YjOQPYR dfe Ue TU~Yj g}e e S}T\OQTe ~ y
"O0"UT M ;RM ;=M %DWVK W7P6U~MQR8W78J&8FQR8WE:.QK KWVU'C[RaN WVR:}W .W J)$~W.WRk'aK}PW:}W7U}Z'UL8
JXW7@ U _i:.[RDU}P6U JXWR J $nPLJ% J% W@GMQK[WJ @ N WA0MQR8NGJ% WY'aKF MPNPLJLZ @ W M'U"!%K W
D-PLM
_ 'WJ (w ] "!H b
1
J$#
'T( _ 'LH 1
M&%
( I
$>% WKW
M %
P6UEJ% W PSRaNQPW:.M[JQKM"!%R: JLPWQR36EJ% W U WJ' MQRaN ]
& PUEJ% W WTV"'<WT: JYMOJLP)QR
L'<WVKM[JQK ! RaN WVK J% WE'aKF MPNPLJLZ - =
* RkR p gQg TUS e ~rph~^
x
UTUS4!p Y#Z y qhq Z qhq
o
dfehg p gQeaehdzy
I e O]R[OQPpOiOQPYR g TUR _ 'LH1
M % ( TUSOQPYR g TUR ehd p ^|T\jT\OQph e OQTe ~mOQPpOijT&hRS
H1 pO[OQTUZ[R GTd 5 ( y * W|}Ppm g TR_TS RFWphO e OQPYRr gQe X|pX)TUUT\O `&OQPpOB5
XcRe ~YjSO e iT~^YRkR^
_ 'LH1
M % (]
!H b
1
H1
M % # 'T(B&
{ PR pX e hR gQe e SQT\OQT e ~TUS WSQR^[Xa` p gQg TUS e ~ ph~|^ x TUS4!p O e gQe hR OQPYR dfe Ue TU~Yj
OQPYR ehg RZ ph~^rOQPR e ~S]RFaWYR~O ehgQe UUp g ` y
' c$' '
a B M ;=M<;=M
%DW @GMQK[W J @ N W7 :.QR JYM[P6RDU2R MQKGVPLJLKM T%WkL''CQKVJ)! R<PLJLZ P7M[RaN
QRZ:P P6UGRQRoWA@ '8JLZ3QKL* W.Q7! PNDQM&WVR J)Z4*/P MQRaN [R*Z_P J% WKW P6U M[JkW M'UVJ [R8W
'aK}PW:}WEU Z'U JXWA@ - =
* RkR p g}g TUS e ~rph~^ x UTUS"! p Y#Z | y qhq
o qhq w[dfehg p[ e Z[|\RkO]R g}eehdzy
N RT f
M<;=M<;=M
J% W @ M[K OWJ>@ N W7:LQR JYMQPSRDURGMQKGVPLJLKM T#W L''CQKVJ)! R<PLJLZQK
P PURQR8WA@ '8JLZiQK:P:J% WVK W P6U:M& W M'UVJ QR8W0'aK PW:}WFU}Z'UVJXWA@J% WR *EA[K_W M:A%
k*^J% WKW P6U MFU}PSR#TW'aK P): W _IMQU.UA :PM[JXW N#$nPLJ%MQR<Z_M[JJYMQPSRaM7W?:.QR JLPSR#T%WVR J
:7MQPN@ JY- % WE'aK P): WEUVM[JLP6U 9 WVU _F]
!H b
1 J # - =
{
PYRpX
e
hR
ehg}e
UUp
g ` S]OQpO]RS OQP|pO T~ p Z[p
g
!hRkO T\OQP ~ e p g X|T\O
g
pjhR
e
ehg OQW~TUO`
OQPYR g RTUS prW~TFWYR g TUR dfehg RhR g `;pO]OQphTU~pX|UR e ~OQTU~YjhR~OikUphTZGph~|^ dehg RhR g `
ZRphSQW g R y { PYR dfe Ue TU~Yj gQe e SQT\OQTe ~ j e RSVp S]O]Rk phPYRph^_Xa` TU^YR~OQTd`aT~Yj
PpOVOQPYR g TUR pO ph~` OQTZR^"bTS y
O*"U M<;=M<;\
EJ% W :.[R JLP6R%T#WVRaJM:GMQP@ JhPU MOJJYMQP6R8MAW"*7J% WVR
c< '] ( H/ )] H b
1
J!
"p s X
&&&'
AQK MQR<Z ] H $>% PW:A% T%WVR8WKM[JXW JCMQRaNk7QK MQR Z - =
{ PTUS gQe e SQTUOQTe ~ TUSc gQe hR^ Xa` g RZ[RZiXcR g TU~jbOQP|pO c 1'] (p J_ph~^ OQPpO0H b
cD '] (
TUSVp[Z[p g OQT~Yjph\R W~^R g Rph P Z[RphSQW g R y
N X e hR OQPYR g R p g R OQPR e ~^T\OQTe ~|S O e PphRi~ e p g X|T\O g pjhR e | ehg OQW~T\O ` ph~^rO e
e XOQphTU~ p~ e p g X)T\O g pjhR g TUR dfehg ph~` pO]OQphT~pX|\R e ~OQTU~jhR~OVkUphTUZ X|WYO ~ e OQPTU~Yj
bphS S}phTU^ pX e WYO Z[p g !hRkO e Z|\RkO]R~YRS}S y
v UT
M ;RM ;l/
U WT:G!%K PLJLZ0@GMQK[WJM@ N W7gP6UUVMQPN J<.W 2>hST P WAD[WVK Z
:.QR JLPSR#T%WVR JY:7MQP@ P6U M[JJYMQPSRaMAWG- =
p gQg TUS e ~ ph~^ g Rk|S Y n Pp g phO]R g T&JkR p e Z[|\RkO]RZ p g !hRkO S]RkO]OQT~Yj Xa`_ gQe TU~Yj
OQPYR de e T~Yj OQPYR ehg RZ y
a
B
M ;=M<;\
%DWU WT:7! K PSJLZ @GMQK[W J @ N W7PU }K W.W(6 MQKGVPLJLKM T#W(L'' QK J)! R<PLJLZ
MQRaNI:.@ 'W JXWBP MQRaNIQR *Z PEJ% WVK WGW.V[P6U J2M ! R<P)QG! W W.Q7! PD'M&WVR JM@GMQKVJLP6R%T M&W @ W M8
UL! KW - =
* RkR p g}g TUS e ~rph~^ g Rk|S Y n y5YDw q dfehg p g}eehdzy
L!L >*'gAB1I, <#+!,P?*1I?57:<#+!6.' '"AB1 ,*1I6 K
#z~OQPYR g RR^TU~Yj S]ROQTe ~ TU~ hRS]O ehg S. R g RmphUe R^ O e O g ph^YR e ~\` pO_^TUSQ g RkO]R
OQTUZRS y # d R&phSQS}WZRmOQPpOrOQPYRk` kph~ O g ph^YR& e ~OQTU~aW e WSQU`hbR&~YRkR^ pZ ehg R
e Z|\R S]RkO]OQTU~Yj y e RhR g T R;O g ` O ed phkTUT\OQpO]RmOQPYR&TU~O]R g g RkOQpOQTe ~ ehd OQPYR
e ~OQTU~aW e WS OQTUZR g RSQW\OQS X`rjT5aTU~j[O e OQPRi g RSQR~O S]ROQTe ~ p S]O g WOQW g RSQTUZ[TUp g
o
' c$' '
O e OQPpO
ehd OQPR g
RaT
e
W|S
e
~YR
y
R~R Z e SQO
ehd
OQPYR ^YR)~T\OQT
e
~Sk
gQe
e SQT\OQT
e
~S ph~^
OQPYR ehg RZ[S g RTUS]R^rT~_OQPYRi~YR SQRkO]OQTU~Yj7!hRkRk ph~ p+!aTU~ TU~O]R g g RkOQpOQTe ~ y
T&hR~mp OQTZRP ehg T&J e ~F` s_\RkO '^ (iX R p0)\O]R g R^ gQe X)pX|TUUT\O ` SQ|phR
PR g ROQPYR )\O g pOQTe ~: +! wa"E s (_TUS g T\jPO e ~OQTU~W e WSk) w*+-,%./(
ph~^21Cw* y NST~ OQPYR_ g RR^TU~YjmS]ROQTe ~# OQPR R e ~ e Zi`"TUS e Z e S]R^ X`
> ? X
S]RkW g T\OQT\RS P e SQR g TURm gQe RSQSFA@ 'A w" s ( P|phS S]O g TUOQU`
e SQT\OQT5hR_ph~|^ ap^pO]R^ e Z e ~YR~OQS y" R g RrOQPYR e Z e ~YR~OQS A )
}A &&& }A
p g R g T\jPO e ~OQTU~aW e WS ph~^ \R d O UTUZ[TUO]R^ 'PR g Rp dO]R g :.MON M T( y
# ~ OQPYR9pX e hR Z[p g !hRkOkp JLKMONQPSR#TUVJLKMOJXWYT[Z TUS#p g R^TUOQpX)\R1'L>\?
X
(^TUZR~S}Te ~ph
g}e RSQS4] -] wG" s ( P e S]R" e Z e ~YR~OQS;p g R"e kphUU` X e W~^YR^ y
u ehg Rr
g
RkTS]R\`hRbR phSQSQWZR OQPpORT\OQPR
g
1
) ] O"
ehg ] 1
)
']
l
( O"
dfehg
X }q%&&&' >0p g R0)~T\O]R. T\OQP gQe X|pX|TUT\O` e ~YR_SQW P OQPpOOQPYR TU~O]Rkj g ph TU~ e &TU~Yj
] ph~^ OQPYRiS]O e }PphSQOQTU TU~O]Rkj g phTU~ e &TU~YjG]
l p g R> R#^YR)~YR^ y
M<;=M<;
W { PYR9^YR ~T\OQTe ~ ehd g R^|TUOQpX|TUUTUO` TSSQUT\jPOQ\`^TNcR g R~O dgQe Z OQPpO
TU~ OQPYR g RR^TU~YjrS]ROQTe ~ y # ~^YRkR^;p_ gQe RS}S 'A8 ( TUS SQphTU^ O e XcRB'aK W NQPW: JYM7W Td
T\O TUSZRphSQW
g
pX|\R T\OQP
g
RS]cRO O e
OQPYR g
R^TOQpX|\R ph\jhRkX
g p y {
PYR 'aKW.NQPW: JYM7W
>8M&T#W KM TUSbOQPYR ph\jhRkX g p e ~ s jhR~YR g pO]R^ X` OQPYR SQTUZ|UR g R^|TUOQpX|\R
g}e RSQS y9{ PYR gQe RS}S!'A8 ( TUS pGU PN@ 'WM'8KW.NQP): JYMAW 'aKFG:}WVU.UiTd OQPYR g RRYTUS]O OQTZRS
s " ) " ) &&& " ` ph~^;X e W~^R^ g ph~^ e Z p g TUpX|UR
)
&&&- b
PR g R s s s X
&&&' v X
SQW|}PrOQPpO
A s
s Td " s " 9"
s+ s X &&&-
v X
e bRhR g #OQPYR ZRph~TU~j TUS S}TUZ[TUUp g O e OQPpO TU~rOQPR^TSQ g RkO]RZ p g !hRkOSQRkO]OQTU~Yj y # ~
^YRkR^OQPYRV g R^|TUOQpX|TUUTUO` e ~^TUOQTe ~ ZRph~S OQPpO]
l
TUS !a~ e TUZ[Z[R^TUpO]R\` XcR dfehg R
OQPYRiOQTUZR^" y =
RkOWS M'U}UL!C@ W OQPpOOQPYR SQRkO e
~OQphTU~S pO \RphS]O
e
~YR RFaWT&ph\R~OiZ[p
g
OQT~Yjph\R
ZRphS}W g R y { PYR pX e hRmphSQSQW|ZOQTe ~R~|pX|\RS[WS O e ^YR ~YRrOQPYR bRph\OQP gQe RSQS
c< '] (pO OQTUZR^"phS
cD '] (pk]a fA8 gh]
)
H/ a?
r
lm
] l A l
ph~^ OQPYR jphTU~r g}e RSQS/q "'] (VphS
q '] (p
)
] %A ) ] ) H?
r
lVm
) ] l
%A
l
&
Cfx "5 "& %2y!1-ny12*!!1 "12P2 )P"&!1'"&!#1- !R &z y G
1P%!'@"# 1y2"1 }|Dz*&@+2"+!!R)6 $%*&@A
' c$' '
v UT M ;RM ;
JLKMONQPSR#TEU JLKM[JXWYTOZ/] P6U~UMQPLN J .W &N I&DQWK2J% W
P6R JXWKLDQM& s P J% WB$~W MJ% 'aKFG: W U.U cD '] (^UVM[JLP6U9 W U J% W 7&$nP6R#TI:LQRaNQPLJLPWQR
%c '] (pk]
) H ? r
lVm
] l
%A
QK PSR J% W PSR JXWXT[KM&h7QK"@
c< '] ( c<)S'] (?
) ] ) H ? r
lm
) ] l A
c ) '] (? q '] (^&
=
{ PTUS TUS RFaWT&ph\R~O O e SQp!`OQPpO dfehg p S]Rd )~ph~|kTU~Yj O g ph^TU~j S]O g pO]Rkjh`OQPYR/bRph\OQP
gQe RSQS p g TUpOQTe ~Sp g R~ e O ^WYR9O e ph^^|T\OQTe ~ ehg T\OQP|^ g pph ehd Z e ~YRk` y I e O]ROQPpO
OQPYRphS]OVUTU~YR ehd OQPYR pX e hR RFW|pOQTe ~_TUSbRFWph O e OQPYR ^YR)~|T\OQTe ~ ehd S]Rd )~ph~kTU~j
O g ph^TU~YjS]O g pO]Rkjh` TU~_OQPYR ^TUS} g RkO]R OQTUZR R e ~ e Zi`rphS T~ g RZ[p g ! X yX yq y
RkO W|S ^YR~
e
O]R H OQPYRiSQRkO
ehd phUS]R
d)~ph~|kTU~Yj O g
ph^TU~j[S]O
g
pO]RkjT\RSSQW P OQPpO
cD "'] (k; s y I e O]ROQPpO OQPTUS ehgQg RS] e ~^S O e OQPYR^YR)~T\OQTe ~ ehd ph^Z TUSQSQT\X)\R O g ph^
TU~Yj S]O g pO]Rkjh`jT&hR~ TU~OQPYR g RR^TU~Yj S]ROQTe ~ y #z~ OQPYR kphS]R ehd p e ~OQTU~aW e WS
OQTUZR Z e
^R
e
~R S}P
e
WU^ TUZ
e
S]Rp
dW g OQPR
gbg RS]O
g
TUOQT
e ~ O e
SQp!` OQPpOVp S]O
g
pO]Rkjh`_TUS
ph^Z[TUSQS}T\X|\R y
{e SQTUZ|Td`OQPRi~ e OQpOQTe ~ \RkO WS ^YR ~YR OQPYRi^TSQ e W~O]R^r g TUR g}e RSQS^ 9w
"~ s
( phSn nw*hH b A l
dfehg X
}q%&&&' > y {
PR ^TUSQ
e
W~O]R^ phUWYRV
gQe
RSQS
TUS
c '] (w* H b
c< "'] ( "$ s
PYR g RphSVOQPR ^TUSQ e W~O]R^rjphTU~ gQe RSQS TUS
q '] (bw*
) ]
"~ s
`WS}TU~YjmOQPYR pX e hR ^YR)~T\OQTe ~Sk p gQg TUS e ~ph~^ x TUS4!p Y#Z gQe hR^OQPYR ~RaO
gQe e SQT\OQTe ~_ph~^_OQPRi e ~S]RFaWYR~O ehgQe UUp g `)w
O*"U
M<;=M<;
W % WJLKMONQPSR#TUVJLKM[JXWXT[Z:]IP6U UWA"89 R8MQR:PSR#T PMQRaNRQRZ4P
c
'] (phc
)
'] (?9q '] (A- QKW.&DQWK.*ncD '] (M;s:PEMQRaNIQRZ P/c
'] (Y;s- =
N RT f M<;=M<;\ ] H */J% WR c
'] ( PU M 'CQU}PLJLPND[W :.M&M@GMQK JLPSR#T#M&WA*^M[RaN
M&{U7M U"! 'DWVK"@GMQK JLPSR#T#M&WA*M! RaN#WVKBW.M:A% - =
` g RkphUTU~YjOQPYR ^YR)~TUOQTe ~ ehd p g X|T\O g pjhR e ehg OQW~TUO`h OQPYR pX e hR" ehgQe Up g `
S]OQpO]RSOQPpO~ e ~YR ehd OQPRS]Rp g R g RS]R~OTU~ OQPRZ[p g !hRkO y # ~^YRkR^#cTd ]4 H OQPYR~
c
'] ( TS p e SQT\OQT&hRiS}WYcR g Z[p g OQTU~jph\R ph~^ X` \RkO]OQT~Yj c
)
'] ($ c )S'] ($ s phUS e
c
1
'] ( P|phS O e XcR RFaWphOe JkR gQeYy u ehg R e hR g XcRTU~j[OQPYR g}e RSQS H (X e W~^YR^
e ~YR ZW|S]O Pp hR cD '] (p s dehg Rph}P"$ s y
-%!R!# 5&!#14*AAI1@A
X
' c$' '
M<;=M<;{ x gQe
e SQTUOQT
e ~ X yX y[Y ph~|^;9
ehgQe
Up
g ` X yX yq jT&hR OQPYR TU~O]R g g
RkOQpOQT
e ~
ehd OQPYR phSQSQWZ|OQTe ~[Z[ph^YR e ~[OQPYR SQRkO y #z~|^YRkR^#Td OQPYRS]RkO TUS ~ e ~YRZO ` OQPYR~
OQPYR g R p g R_~ e p g X|T\O g pjhR e ehg OQW~|T\OQT\RS yr R~Rh9T\OTSi e SQSQTUX|\RO e S]RkR ~ e OQPYR
SQTZ[TUUp g TUO`0 T\OQP_OQPYR^|TUSQ g RkO]R OQTUZ[RiS]RkO]OQTU~YjY PYR g R ~ e p g X|T\O g pjhRph~^ ~ e ~RZO`
p g R O6 e RFW|T& phUR~O e ~^|T\OQTe ~S y =
# ~_S]|T\O]R ehd OQPYR g RSQW|\OQS ehd OQPYR g RR^T~YjSQROQTe ~#OQPYR e ~^T\OQTe ~ OQPpO!] XcRe ~YjS
O e H ^ e RS~ e OR~SQW g ROQPYR W~T5FaWYR~YRS}S ehd OQPR g TUR _ y N X g TUjPObRphZ[|\R Z[ph^YR
Xa` p gQg TS e ~mph~^ x UTS4! p Y#Z SQP e S P e COQPYR[S]RkOBH TS O ee Up g jhRO e jWp g ph~O]RkR
OQPYRW~T5FaWYR~YRSQS ehd OQPYRi g TUR S]`S]O]RZ yb{ PYRk`_S e &hR OQPR gQe X|URZ X`rTU~O gQe ^WkTU~Yj
p g R dR g R~R gQe X|pX)TUUT\O` ZRphS}W g R ph~^ X` ^YR)~TU~jD' ( phSOQPYRSQRkO ehd
phUcOQPR g R^TOQpX|\R gQe RSQS wO"$ s $dehg PTU}P_OQPRiTU~ g RphS}TU~Yj gQe RSQS
)
'
l
(
l
"7 s X }q%&&&' >
TUS e kph\` TU~O]Rkj g pX|\R W|~^YR g y
hPUT
M<;=M<;
JLKMONQPSR#T U JLKM[JXWXT[Z PUUMQPLN JI}W 123&465)P] ' D(.*
c
'] (b; s A[K" s
* c
'] (\ c
)
'] (!?q '] (4MQR8N c
'] ( PU4M_
8
@GMQKVJLP6R%T M&WG- =
{ PR S]RkO ehd phU ph^|Z[TUSQSQTUX|\R O g ph^TU~Yj&SQO g pO]RkjT\RS TUS[^YR~ e O]R^X` H y I e O]R OQPpO
OQPYR[SQRkOH
~ e JTUSOQPYRS]RkO ehd phUnOQPYR O g ph^TU~j S]O g pO]RkjT\RS dfehg PTU P4c
'] (TUS p
Z[p g OQTU~Yjph\R ph~|^ ~ e Ov]WSQO pie kph|Z p g OQTU~Yjph\R y u ehg R e hR g YOQPR UphS]O S]OQpO]RZR~O
ehd OQPYR pX e hR^YR)~TUOQTe ~_TUZ|UTURS OQPpO
] c
1
'] ( hc
)
'] (^
OQPpO TUZ[ZR^TpO]R\`
g}eehd SOQPYR
dfe
U
e TU~Yj gQe
e SQTUOQT
e ~ y
"O0"UT M ;RM ;{
%DW ! R<PWQ7! WY'aK}PW:}W M'U}UAG: PLMOJXW N $nPLJ%J%DWEM[JJYM[P6RaMhAW :.QR JLPSR8
T%WVR JY:7MQP@ JkP6UE_:]
H b
1 J - =
p gQg TUS e ~rph~^ x TUS4!p Y#Z gQe hR^rOQPYRiph~phe j e WS O e OQPR gQe e SQT\OQTe ~ X yX yq y
"O0"UT M ;RM ;l
WJJ .W/MQR P6RaJXWYT[KM7W :LQR JLPSR#T#WR J :GM[PN@ M[RaN^c
J%DW :}MON&8
M T[@ NQP9 :}M[JLP)[Rb6c
X]
H b
1 J ! - % WVR?JhPU MOJJYMQP6R8MAWBPEMQRaNIQR *Z P
c
:.MQRe.W K W'aK W U WVR JXW.N:MQU^c
c
) ? 7QK UA&@ Wk'aK6 :}W U}U .WAQR#TOP6R%T
J ' D(.*~P6R$>% PW:A% :.MQUW^c
'] (hc
A[K MQR<ZB] H
$>% PW:A% T%WVR8WKMOJXW JM- =
RkRk)TU~Yj&OQPYRm^YR)~|T\OQTe ~ ehd e Z)\RkO]R~YRSQS ehd OQPYR g RTe WS[S]ROQTe ~# T\O TUS ~ e
WSQR dWcO e TU~O g}e ^W|ROQPR de e T~Yj OQPYR ehg RZ y
a B M<;=M ;W % W 7&&$nPSR#T UVJYM[JXWA@ WR JSU MQK W WTQG!%PD'MWR J
% WB@ N W70P6U:L&@ 'WJXW(! RaN WK2
-
' c$' '
XDX
|
DQWK}Z^@ M[K JLPSR#T MW 9w["$ s
(?:.M[R3}W KW 'aK W UWR JXW NP6R_J% W 7QKL@
) ? )
7QK^UA@GW .W7[R#T[PSR#T JD' ( YK W'aK W U WVR JYMOJLP)QRI'aK6"'DWVKVJLZ &-
%%M'U WTV#M: J)ZIQR8W WAWA@ WR J YU}PSR#TWJQR :LQRaNQPLJLPWQR &-
=
o ehg p gQeehd S]RkR p gQg TUS e ~rph~^ x TUS4!p Y o y*Y
X y Y X`n
y
I e O]R OQPpO phS TU~ OQPYR g RR^TU~j S]ROQTe ~ OQPYRSQT~Yj\RkO e ~ e ~^T\OQTe ~ ehd OQPYR S]RkO
TUS9pi~RRSQSQp g `[ph~^ SQWBu kTUR~O9 e ~^|T\OQTe ~ dfehg OQPYR e Z|\RkO]R~RSQS ehd OQPYR Z[p g !hRkO y
$#&%(' ##
#
#z~&SQ|T\O]R ehd OQPYR e ~ hR~T\R~R ehd OQPR e Z|\RkO]R~RSQS e ~^TUOQTe ~#WS}WphU\` e ~YR PphS
O e ehg !B T\OQP pZ ehg R g RphUTS]OQTUTU~ e Z|URkO]RZ[p g !hRkO y { PYR Z[p g !hRkO TSbT~ e Z|\RkO]R
PYR~ S e ZRr e ~OQTU~jhR~O kUphTUZ[Sp g R_~ e O pO]OQphTU~pX|\Rh9T yR y RhR g ` OQTUZR OQPpOTUOTUS
~ e O e SQS}T\X|\R O e ~^ ph~_ph^Z TUSQSQT\X)\R O g ph^T~YjS]O g pO]Rkjh` O eg Rk)UTUkpO]ROQPYR )p` e ehd
OQPYR kUphTUZ.pO OQPYR Z[pOQW g TUO` y
{ PYR S e W g RS ehd TU~ e Z|URkO]R~YRSQS9p g R Z ph~Tdfe U^ y C PYR~OQPR gQe X|pX)TUUT\O`iS]|phR
TUS )~T\O]RVph~^ OQPR OQTUZRVTUS ^TSQ g RkO]RhOQPR g R TUS TU~ e Z[|\RkO]R~YRSQS Td OQPYR ~aWZX R g ehd OQPYR
dWYOQW g R S]OQpO]RS ehd OQPYR1 ehg U^ TS9Up g jhR g OQPph~[OQPYR ~WZXcR g9ehd TU~^Rk R~|^YR~O phSQSQRkOQS TU~
OQPYRiZ[p g !hRkO y { PTUS kph~ p g TUS]Rh dehg TU~S]OQph~|Rh PYR~ OQPYR g RTS ~ e phkRSQSO e R g OQphTU~
S]O e !aS y
#z~ OQPYR_ e ~OQT~W e W|SiOQTUZ[R R e ~ e Z`h p g pO4JphS tq S}P e SOQPpO OQPYR Z[p g !hRkO
TUS e Z|URkO]RTd ph~^ e ~\`rTd OQPYR~aWZXcR g ehd TU~^Rk R~|^YR~O g TS4!`rphSQSQRkOQS O g ph^R^ TU~
OQPYRVZ[p g !hRkO9Z[pOQ PYRS OQPYRV~aWZiXcR g ehd T~^YRkcR~^YR~OS e W g RS ehd W~R g OQphTU~O `8 PTU}P
^ g T&hROQPYRphSQS]RkO g TURS y R~RhOQPYR g R[TST~ e Z|\RkO]R~RSQS PYR~ OQPYR[~W|ZiXcR gehd
TU~^YRkcR~^YR~OS
e W g
RS
ehd W~|R
g
OQphTU~O` TUS$p
g
jhR
g
OQPph~ OQPYRV~aWZiXcR
g ehd
T~^YRkcR~^YR~O
g TUS4!a` phS}S]RkOQS yr{ PTUS S}T\OQWpOQTe ~&p g TUS]RSk dehg TU~S]OQph~|Rh? PR~;OQPYR3 e UpOQTUT\O`;Z e hRS
phk ehg ^TU~Yj O e p S]O e }P|phS]OQTU gQe RSQS y # ~^YRkR^VOQPYRP e pOQTUUT\O ` TUS[jhR~YR g phU\` ~ e O
O g
ph^YR^ TU~_OQPR Z[p
g
!hRkO
y
#z~ ph~`rkphS]Rh: PYR~rOQPR R e ~ e Z` TUS TU~ e Z[|\RkO]Rh e ~YRPphSVO e d phRiOQPR gQe XY
\RZFO e g TUR OQPYR; e ~OQTU~jhR~OrkUphTUZ S. T\OQP e WYO_WSQTU~j OQPYR;S]OQph~^|p g ^ p g X|T\O g pjhR
p g jWZR~O y{ PTSTSO g WYRrRhR~ Td OQPYR Z[p g !hRkO Z e ^YRVTUS p g X|T\O g pjhR dfg RkR y NS[p
e ~S]RFaWYR~Rh e ~YR TUS ~ e e ~jhR g SQW g R pX e WYO9OQPYRW~T5FaWYR~YRSQS e ~|^T\OQTe ~ ehd OQPR S]RkO
y { PYR3!TU~^ ehd TU~ e Z)\RkO]R~YRSQSiOQPpO8bR ^Rph TUOQP TUSijhR~YR g pO]R^ X`;OQPR W~
e X|S]R g pX|TUUTUO` ehd OQPYR e UpOQTUT\O` y #z~ OQPR Uph"! * }P e \RS Z e ^YR OQPYR e UpOQTUUT\O `
G/ '( &$K1" "$K"!1 !#y@K!RI!0%2y!1-0 !1-&%'y N/&@*$ z*!#1 0y @62z
67"&E@ $A * D*y !1AV~|&56 & * !A
X
' c$' '
|p
g
phZRkO]R
g
TS phSQSQW|ZR^[O
e
X R!a~
e ~ y
NS Z[pO]O]R
gbehd#d
phOkaOQPR
e
UpOQTUT\O`TUS ~YRhR
g
!~ e ~ ph~^ T\O TS g Rk|phR^ Xa` T\OQS RSQOQTUZ[pO]R^P phUWR yD* W P p SQWYX|S]OQTUOQWYOQTe ~ TUS OQPYR
kphWSQR ehd OQPYRS e kph\R^0 e pOQTUUT\O ` Z TUSQS]cRkTN)kpOQTe ~ gQe X|URZCOQPpObX Re ~YjS9O e OQPYR
Z ehg R jhR~YR g ph )RU^ ehd Z e ^R g TUS4! y
L ~YR ehd OQPYR&S e UWYOQTe ~S O e OQPYR; gQe X|\RZ=TUS_O eg RZ e hR&OQPYR&phS}SQWZOQTe ~ ehd
pO!~ e ~ e UpOQTUT\O` y { PTUSTUSOQPYRrphTUZ ehd S]O e }PphSQOQTU e UpOQTUUTUO` Z e ^YRUS PYR g R
e UpOQTUT\O` TUS phSQSQW|ZR^mO erde e Jp_ g}e RSQS P e S]R7p g TUpOQTe ~S p g R[^RSQ g T\XcR^ X`
p S]O e PphS]OQTU^TNcR g R~OQTUph#RFaWpOQTe ~ y C TUOQP OQPYR RYRkOQTe ~ ehd OQPYR 9 t*xC^TN#WSQTe ~
Z e ^YR)TU~O g}e ^W|R^[Xa`.9 e
X`n
TU~ phUOQPYRS]O e }PphS]OQT e UpOQTUT\O`[Z e ^YRS9OQPYR g RTUS
OQPYRphSQSQWZ[OQT
e ~ OQPpO OQPYR S e W g
RS
ehd W~|R
g
OQphTU~O`^
g
T&TU~Yj OQPYRM
e
UpOQTUUTUO`
gQe
RSQS
p g R~ e O9OQPYR SQphZR e ~RS ^ g T5aTU~jOQPR g TURV gQe RS}S y N k ehg ^|TU~Yj O e p g pO4JphS tq
OQPTS dRpOQW g R jhR~YR g pO]RSZ[p g !hRkO T~ e Z|\RkO]R~RSQS y
# ~mOQPTUS kphS]R[Z p g !hRkO TU~ e Z)\RkO]R~YRSQS TUSjhR~YR g ph\` Pph~^|\R^ X` RFWTUT\X g TWZ
e ~S}TU^YR g pOQTe ~|S y #z~|^YRkR^#|Xa` R e jhR~ e WSQU` phSQSQWZ[T~Yj p g TUS4!_ g RZ[TWZ.S]O g W|OQW g R
dfehg e UpOQTUUT\O ` g TUS"!)cOQPYR ~ e p g X|T\O g pjhRp g jW|ZR~O kph~mXcR WS]R^mphS TU~mp e Z)\RkO]R
Z[p g !hRkO y
t hR~Tde ~YR S e &hRS OQPYRVTU~ e Z)\RkO]R~YRSQSn gQe X)\RZrhS]O e }PphS]OQT e UpOQTUUT\O`iZ e ^
RUSp g R pAcRO]R^iXa` e OQPYR g g phOQTUkphh g}e X|\RZ[S P|TU}P g R^WR OQPYRTg pO]O g phOQT&hR~YRSQS y
L ~R ehd OQPYRZ e S]O TUZ[ ehg OQph~OV g}e X|\RZ. e ~R g ~S OQPRiRS]OQTUZ pOQTe ~ ehd OQPYRi gQe RSQS
|p
g
phZRkO]R
g S y
#z~|^YRkR^# PTU\RTU~;OQPR
Uph"!
*
}P
e
\RSZ
e
^YR9OQPYR
e
~\` |p
g
phZ[RkO]R
g
O e XcR[RS]OQTUZ[pO]R^"TUSiOQPYR0 e pOQTUUT\O `h PR g R OQPYR_~aWZiXcR g ehd |p g phZRkO]R g SO e X R RS
OQTUZ pO]R^&TUS jhR~YR g ph\` PTUjPYR g OQPph~ e ~YR y R~RhOQPYR[Z TUSQS]cRkTN)kpOQTe ~ g}e X|\RZ
TUSO g ph~|S dR g}g R^ dgQe ZIOQPYR e UpOQTUT\O` phUWR O e OQPYR_|p g phZRkO]R g S ehd OQPYR e UpOQTUT\O`
g}e RSQS y
N? e Z|\RkO]RU` ^TNcR g R~O p| gQe ph}P TU~O gQe ^|WR^ Xa` NMhRUUph~YR^|pDp ` ph~^
x p g -phS y )^ e RS ~ e O Z[p+!hR ph~`rphSQS}WZOQTe ~ e ~ OQPYR8 e UpOQTUUT\O`_ gQe RSQS1 TUOQPrOQPYR
RYRkOQTe ~ OQPpO OQPYR g RphUT&JkR^ e UpOQTUT\O`OphUWYRS Pp hR O e T\R[TU~SQT^YRO6 e X e W~^S y
{ PR g RS}W\OQS p g RX)phS]R^ e ~ OQPYR TU^Rp ehd U"! '<WVK"8U% W.N T[PSR#T_S]O g pO]Rkjh` ^YRSQ g T\XcR^ TU~ OQPYR
~YRO S]ROQTe ~ y
% !%(#
{$e S e &hR OQPYR g TkTU~Yj g}e X|\RZ TU~ ph~rTU~ e Z|URkO]R dfg phZR ehg ! RUX|pR~
X Z ph~^
t ip gQe WTnph~^ WYR~YRJ q X #phZ e ~Yj e OQPYR g SkTU~O gQe ^|WR^ OQPR ~ e OQTe ~ ehd SQWYcR g
PYR^jTU~Yj S]O
g
pO]Rkjh`&T~&p e
~OQTU~W
e
WS OQTUZR
dg phZ[R
ehg
!
y*
WYX|S]RFaWYR~OQ\` g phZ7!
e
t y ^YRhRe cR^rOQPYR OQPYR ehg ` dfehg pjhR~R g phS]RZ[TZ[p g OQTU~YjphUR dfg phZR ehg ! y
{
PYR SQW R
g
PYR^YjTU~YjVOQPR
ehg
`iS]OQpO]RS OQPpO TU~p cR
gQd
ROX|WO$TU~
e
Z[|\RkO]R Z p g
!hRkOk
T\O TUS e SQSQT\X|UR O e g RpO]R[p O g ph^TU~Yj S]O g pO]Rkjh` OQPpO R~pX|\RSOQPYR S]RU\R g 'fX|WY`hR g ( ehd
p kUphTUZ.O e PphR p[ ehg O dfe UTe phUWYRPT\jPYR g 'e bR g ( ehg RFaWphO e OQPYRkphTUZ phUWYR
pO OQPR Ra)Tg pOQTe ~r^pO]R y
hPUT M<;W ;=M 41 BUVJLKM[JXWXT[Z7QK2M/U.%=[K J 'C'U}PLJLPWQR PSR J% W :.QR8
! !#18J@>":I"12F !D8:06 @1 GU&A
' c$' ' X
JLP6R#T%WVR JE:GM[PN@ JCP6UBM U WAL8
9
RaM[R:PSR#TJLKMONQPSR#TFU JLKM[JXWXT[Z ] 7QK $>% P):7%cD1'] (k; JY-
=
v UT
M ;W ;\/
41 U JLKM[JXWXT[Z 7QK/M(QR#T ' 'U}PLJLP)[RFPSR J%DW :.QR 8
JLP6R#T%WVR JE:GM[PN@ JCP6UBM U WAL89 RaM[R:PSR#TJLKMONQPSR#TFU JLKM[JXWXT[Z ] 7QK $>% P):7%cD1'] ( JY-
=
N S}WYcR g PYR^YjTU~j S]O g pO]Rkjh` ^ e RSi~ e O g Rk|TUkpO]R[OQPYR kUphTUZ y t hR~ S e T\Oip e TU^S
ph~` e SQS]RSbpO OQPYRR|Tg pOQTe ~ ehd T\O y u ehg R e hR g |OQPYR e ~|SQTU^YR g R^ O g ph^TU~jS]O g pO]Rkjh`
TUS_S]R
d )~ph~kTU~j yH{
PTUS ^TNcR
g
R~OQTUpO]RS_OQPYR;
g
RS]R~Orp
gQe ph}P
dfgQe Z=OQPYR
g
TS4!
Z[TU~TUZ T&JpOQTe ~PYR^YjTU~Yj Z[RkOQP e ^ ^YRhRe cR^ X` oe UZR g ph~^ * P bRT&JkR g q Z q o
PYR g R OQPYR O g ph^TU~Yj[S]O g pO]Rkjh`_phe S ph^^T\OQTe ~|ph)O g ph~S dR g S ehd dW|~^S y
N k ehg ^TU~Yj O e OQPR pX e hR ^YR ~T\OQTe ~S OQPR S]RU\R g S ph~|^X|WY`hR g S9 g TUR>'g RS]cR
OQT&hR\`
+
ph~^
b ( dfehg OQPYR ~ e ~ pO]OQphTU~pX|\R e ~OQTU~YjhR~O kphTUZ p g Rhw
+ TU~ d 'c< '] ( F] H
w#cD1'] (Y; J(
b SQWY_'c< '] ( ] H
w%cD1'] ( J( &
o
ehg pm~ e ~"~YRkjpOQT&hR ^YR g T5 pOQT&hR e ~YRrkph~S]OQpO]R phUS e OQP|pOOQPR X)WY`hR g S g TR TUS
\RSQS OQPYR~_OQPYR S]RU\R
g
Sb
g
TUR
y {
PYRO e g
TURS RFW|ph
e
~|\`3 PYR~ OQPYR ^YR
g
T5 pOQT&hR TUS
pO]OQphTU~pX|\R y
#z~rph~ TU~ e Z)\RkO]R Z[p g !hRkO OQPR g R TUS ~ e jW|p g ph~O]RkROQPpO OQPYR RFaWT&ph\R~O Z[p g
OQTU~Yjph\R Z[RphSQW
g R TS W~TFWYR
y
#z~OQPTUS[kphSQRh OQPYR S]RkO
ehd
RFW|T& phUR~O Z p g OQTU~Yjph\R
ZRphSQW g RS ^YR)~RS p g ph~YjhR ehd kph~^|TU^pO]Rm e ~OQTU~jhR~O_kUphTUZ5 g TURS y { PR O e
X e W|~^S ehd OQP|TUS g ph~YjhR p g R
H/ #SQWY
] !H b
1
J! # H/ TU~ d
] !H b
1
J! # &
C PYR~ OQPYR kphTUZC|p!` e TUS X e W~^R^XcRe t ip gQe WTph~^ WYR~YRJ q X g}e hR^
OQPpO OQPYR O6 e X e W~|^Sp g Rh g RS]cROQT&hR\`hOQPYRVS]RUUR g S g TURph~^OQPYR X)WY`hR g Sn g TUR y
NO g S]O jUph~|Rh OQPYR pX e hR OQPYR ehg `&SQRkRZ[S pQhR g ` pO]O g phOQT&hRr^YRph9O e g TUR
ph~^mPYR^YjhR e ~OQT~YjhR~O kUphTZ[S TU~ ph~;T~ e Z|\RkO]R Z[p g !hRkO y e RhR g , PYR~ OQPYR
TU~ e Z|URkO]R~YRSQSTUSijhR~R g pO]R^"X` OQPYR W|~R g OQphTU~O` e ~ OQPYRB e UpOQTUT\O` SQO g WOQW g R
OQPYR^TNcR
g
R~RX RkO6 RkR~;SQRU\R
g S ph~^ X|WY`hR g S g
TUR TUS
ehd O]R~ hR
g
`mPT\jP ph~^ OQPYR
SQWYcR g PYR^YjT~Yj TSO ee RacR~S}T&hR y # ~ OQPTUSS}T\OQWpOQTe ~#b g TRS e XOQphTU~YR^ X`"OQPYR
SQWYcR g PYR^YjT~YjOQPR ehg ` P|phR~ e g phOQTUkph g R\R ph~|R y
X
( " '