GB8BFCBEHA @F9GA? VD @* 7YWS]SfX NO EOQ_VKMSfX NO 9XO\QdK b ;K] 9@9CAV5I ! a # ! ! # 9DH=8>=B K S O4 2 ; RZ " @=A@=A5F 6YRY^g$ 8&7& DPjY\L A>;5 797=>=5 BeC9J CA8Cn;F9J DPN\P^L\TL EhNXTNL 7A?=Ee 5D9DAC 89 7A?9C7=5>=J57=o@$ 757& AVLL&8P\Pd4NLN&Y\L&NY 7LVVP )(/ @Y& - + % * ( =X^& ,(1 6YRY^g$ 8& 7& 5]_X^Y2 D_ NYW_XTNLNTkX CLOTNLOY 757%*().%(+/ CLOTNLOY 7C9; 9%*().%((0(.) CP]ZP^LOL ]PjY\L AVRL 7PNTVTL2 <PWY] \PNTMTOY VL NYW_XTNLNTkX OP VL \PQP\PXNTL PX VL N_LV XY] WLXTQTP]^L2 6R 424 NG \KTOJU XKGRO_GTJU KR YKM[OSOKTZU VKXSGTKTZK JK OSVRKSKTZGJdT JKR 4dJOMU JK <KJOJG ^ KY GYO IUSU YK NG ZKTOJU RG UVUXZ[TOJGJ JK IUTUIKX JK RGY KSVXKYGY OTW[OKZ[JKY# GRM[TGY JK RGY UPGRKY# TU NGT VUJOJU GIRGXGXYK GR OTZKXOUX JKR 4USOZa ^ KY VUX KYU W[K GI[JOSUY GR 4UTIKVZU JK RG 4A68 VGXG UHZKTKX KR YUVUXZK XKM[RGZUXOU W[K VKXSOZU IUTZOT[GX IUT RG GJKI[GIOdT RGY LXUTZKXGY IUSKXIOGRKY$ 5 NYX^TX_LNTkX ]P ^\LX]N\TMPX NLOL _XL OP ]_] Z\PR_X^L] c ]P OL \P]Z_P]^L2 B\PR_X^L ) '$ AKVUXZK JK OTLUXSGIOdT 2 XZbI[RU )-$ ;KIZ[XG JK RGY S KJOIOUTKY KT RGY LXUTZKXGY IUSKXIOGRKY$ ?GXG RG RKIZ[XG JK RGY SKJOIOUTKY XKGRO_GJGY KT RUY YOYZKSGY JK SKJOIOdT JK RGY LXUTZKXGY IUSKXIOGRKY JKHK GVROIGXYK RU YOM[OKTZK0 G!$ 7XUTZKXGY IUSKXIOGRKY IUT XKVUXZK GR 2B940 6R 2B94 JKHK JKYGXXURRGX [T GVROIGZO\U VGXG K]VUTKX G RUY A7 [T YKX\OIOU VGXG KR XKVUXZK JK RGY RKIZ[XGY JK Y[Y LXUTZKXGY IUSKXIOGRKY$ 6 R XKVUXZK JKHK XKGRO_GXYK JK LUXSG G[ZUS`ZOIG JKYJK RUY 48< GVROIGTJU RGY XKMRGY KYZGHRKIOJGY KT KR 2TK]U 0 JK KYZG XKYUR[IOdT$ 6R 2B94 ^ RGY KSVXKYGY NGT RUMXGJU G RG LGING KYZGHORO_GX KYZK VXUIKJOSOKTZU RUMX`TJUYK KR XKVUXZK IKXIGTU GR '&&% JK RGY LXUTZKXGY# YOT KSHGXMU# J[XGTZK RG K]VKXOKTIOG JK V[KYZG KT UVKXGIOdT JKR GVROIGZO\U F63# YK OJKTZOLOId RG TKIKYOJGJ ^ IUT\KTOKTIOG JK IUTZGX IUT [T SKJOU GRZKXTU W[K MGXGTZOIK RG KTZXKMG UVUXZ[TG JK OTLUXSGIOdT IGYU JK IUTZOTMKTIOG$ 5[XGTZK RG V[KYZG KT YKX\OIOU JKR GVROIGZO\U F63 ^ TUXSGRO_GIOdT JKR XKVUXZK# KR 2B94 OSVRKSKTZd IGTGRKY GRZKSUY W[K L[KXUT [ZORO_GJUY VUX RGY KSVXKYGY$ ;G YUROIOZKJ KY W[K RG 4USOYOdT G[ZUXOIK GR 2B94 VUTKX G JOYVUYOIOdT [T SKJOU GRZKXTU W[K YKG GIKVZGJU VGXG XKIOHOXRG OTLUXSGIOdT JK RGY LXUTZKXGY KT IGYUY JK IUTZOTMKTIOG$ 1 5`& 7L^P )). @Y& /%). =X^ *& AQTNTXL ? = 9OQQVN^Y7_]LdL\ 6YRY^g& 8&7& 7YMW?L 6 !)" .(+*(*( ' BLN !)" .(+*)(( o M\OQQM\OQJYbSY # aaa&M\6Q&QY`&MY EABADBA6F@ @F9GA B5VD CH 7YWS]SfX NO EOQ_VKMSfX NO 9XO\QdK b ;K] 9Q_S^_SY < X S_ _ O S d @=A@=A5F BXG$ >RUG 4KIOROG ?aXK_ AUJXbM[K_ 424 ( %* CP]Z_P]^L 9]^P ^PWL NY\\P]ZYXOP LV ^\L^LWTPX^Y OP VL] QLVVL] PX VY] P[_TZY] OP NYW_XTNLNTYXP] [_P ZP\WT^LX PX`TL\ PV \PZY\^P OP VL] VPN^_\L] OP VY] WPOTOY\P] c LOPVLX^L\ VL] LN^T`TOLOP] OPV 5OWTXT]^\LOY\ OPV DT]^PWL OP =X^P\NLWMTY] 7YWP\NTLVP]$ 5D=7$ VL CP]YV_NTkX 7C9; (+0 OP *(), ^\L^L P]^P L]ZPN^Y PX VY] L\^iN_VY] +- c +.$ L]i NYWY PX PV 5XPbY / OP VL NT^LOL \P]YV_NTkX& 8P WLXP\L P]ZPNiQTNL$ PV X_WP\LV , OPV VT^P\LV P" OPV 5XPbY / P]^LMVPNP2 ,& 7GRRG U N[XZU JK RUY JOYVUYOZO\UY JK OTZKXLG_ JK IUS[TOIGIOdT0 6R 2B94 JKHK [ZORO_GX RUY SKIGTOYSUY JK KYZOSGIOdT JK RKIZ[XGY JK W[K ZXGZG KR GXZOI[RU ). JK RG VXKYKTZK XKYUR[IOdT$ DTG \K_ IUXXKMOJG RG LGRRG KT KYZUY KRKSKTZUY# KR XKVXKYKTZGTZK JK RG LXUTZKXG JOYVUTK NGYZG RGY (*0&& NUXGY JKR YKM[TJU JbG IGRKTJGXOU YOM[OKTZK ZK\O XKVUXZGX RGY WOM^f7GYXO] JK RGY LXUTZKXGY IUSKXIOGRKY$ 8P LN_P\OY NYX VY LX^P\TY\$ LX^P VL QLVVL OP VY] ]T]^PWL] OP NYW_XTNLNTkX PV 5D=7 OPMP Z\YNPOP\ L VL P]^TWLNTkX OP VL] VPN^_\L]$ PUPN_^L\ VY] Z\YNP]Y] [_P TX`YV_N\PX VL TXQY\WLNTkX OP VL] VPN^_\L] c _XL `Pd ]P NY\\TUL VL QLVVL$ SLNP\ VY] LU_]^P] NYX VY] `LVY\P] OP VL] WPOTNTYXP] YM^PXTOL] OPV WPOTOY\& @Y ]P PXN_PX^\L PX^YXNP] XPNP]L\TY OPQTXT\ WPOTY] LV^PWY] NYWY PV [_P ]YVTNT^L& B\PR_X^L * ($ EKXOLbIGIOdT @[OTW[KTGR 2 XZbI[RU )/$ EKXOLbIGIOdT W[OTW[KTGR JK RU Y YOYZKS GY JK SKJOIOdT$ 6 R 2B94 JKHK IUTZXGZGX IGJG IOTIU +! GcUY RG KPKI[IOdT JK [TG \KXOLbIGIOdT MKTKXGR JK RGY LXUTZKXGY IUSKXIOGRKY IUT XKVUXZK GR 2B94# JK GI[KXJU IUT RUY IXOZKXOUY ^ ROTKGSOKTZUY YKcGRGJUY KT KR 2TK]U / JK RG VXKYKTZK XKYUR[IOdT$ ;G VXOSKXG \KXOLOIGIOdT JKHK XKGXSGXYK ZXKOTZG )&! SKYKY JKYV[aY JK RG KTZXGJG OX \OMKTIOG JK RG VXKYKTZK XKYUR[IOdT$ 6R VRG_U VGXG XKGRO_GX KYZG \KXOLOIGIOdT KYZ` VXK\OYZU VGXG KR SKY JK TU\OKSHXK JK (&',$ 5GJG RG KTZXGJG KT \OMKTIOG JK RG AKYUR[IOdT 4A68 &+. JK (&', JUTJK YK KYZGHRKIKT T[K\UY VRG_UY VGXG RG GJKI[GIOdT JK RGY LXUTZKXGY IUSKXIOGRKY# YK YUROIOZG G RG 4A68 JGX IUTIKVZU YUHXK RG IUT\KTOKTIOG JK VXUMXGSGX RG VXOSKXG \KXOLOIGIOdT W[OTW[KTGR KT RG LKING \OMKTZK# JGJU W[K ZK\O TU\OKSHXK JK (&', GeT NGHX` LXUTZKXGY IUSKXIOGRKY W[K XKM[RGZUXOGSKTZK ZOKTKT VRG_U ZK\O GJKI[GXYK GR 4dJOMU ^ Y[ TeSKXU KY IUTYOJKXGHRK# IUT RU I[GR RG VXUHGHOROJGJ JK YKX YKRKIIOUTGJGY KT RG S[KYZXG G \KXOLOIGX KY S[^ GLZG$ 2JOIOUTGRSKTZK RUY IUYZUY KYVKXGJUY JK JOING \KXOLbIGIOdT V[KJKT YKX YOMTOLOIGZO\UY ^ TU ZKTJXbG YKTZOJU KIUTdSOIU ZK\O KR YOYZKSG OTI[XXOX KT RUY SOYSUY JUY \KIKY$ CP]Z_P]^L 9V ^PWL Q_P ]YVTNT^LOY ZY\ H? c LN^_LVWPX^P P]^g PX LXgVT]T] ZY\ ZL\^P OP P]^L 7YWT]TkX& % 5`& 7LVVL )). @Y& /%)0 =X^ *& AQTNTXL +() 8 + 9OQQVOY 7_]]6^\ 6YRY^g$ 8&7& 7YVYWMTL 0 !) ".(+*(*(':Lb3 !)".(K)(( aaa&N\PR&RY`&NY GB8BFCBEHA @F9GA ? nD C5I 7YWS]SfX NO EOQ_VKMSfX NO 9XO\QdK b ;K] 9DH=858 9 8 ^S^^ ^VB O " @=A@=A5F F\K& >RGG 4KIOROG ?aXK_ AUJXbM[K_ 424 ) %* B\PR_X^L + )$ 2IZ[GLb_GIOdT JK OTLUXSGIOdT '8:?-;36! $# ! '-:;,32>,-2@5! ./3! 8/129:86! ./! 0865:/8,9! -64/8-2,3/9 ! 3 XKMOYZXU JK RGY LXUTZKXGY IUSKXIOGRKY GTZK KR 2B94 JKHK GIZ[GRO_GYK [TG \K_ KYZGY NG^GT YOJU GJKI[GJGY IUTLUXSK IUT RUY XKW[KXOSOKTZUY JK KYZK 4dJOMU ^ JKTZXU JKR SKY YOM[OKTZK G RG XKGRO_GIOdT JK RGY GJKI[GIOUTKY$ CGSHOaT YK JKHK GIZ[GRO_GX KR XKMOYZXU JK GW[KRRGY LXUTZKXGY IUSKXIOGRKY W[K TU NG^GT XKW[KXOJU GJKI[GIOUTKY$ 3 VRG_U VGXG XKGRO_GX KYZG GIZ[GRO_GIOdT ZKXSOTd K R '* JK P[TOU JK (&',$ 5GJG RG KTZXGJG KT \OMKTIOG JK RG AKYUR[IOdT 4A68 &+. JK (&', JUTJK YK KYZGHRKIKT T[K\UY VRG_UY VGXG RG GJKI[GIOdT JK RGY LXUTZKXGY IUSKXIOGRKY# YK YUROIOZG G RG 4A68 JGX IUTIKVZU ]YL\O KR IUTYKI[KTZK GVRG_GSOKTZU W[K YK JGXRG JKR 2XZOI[RU *) JK RG AKYUR[IOdT 4A68 &). JK (&'*$ CP]Z_P]^L 7YXQY\WP NYX VY P]^LMVPNTOY PX PV L\^iN_VY ,+ OP VL CP]YV_NTkX 7C9; (+0 OP *(), NT^LOY ZY\ _]^PO2 '8:?-;36! $# ! '-:;,32>,-2@5! ./3! 8/129:86! ./! 0865:/8,9! -64/8-2,3/9 ! 3 XKMOYZXU JK RGY LXUTZKXGY IUSKXIOGRKY GTZK KR 2B94 JKHK GIZ[GRO_GYK [TG \K_ KYZGY NG\GT YOJU GJKI[GJGY IUTLUXSK IUT RUY XKW[KXOSOKTZUY JK KYZK 4dJOMU \ JKTZXU JKR SKY YOM[OKTZK G RG XKGRO_GIOdT ./!RGY GJKI[GIOUTKY$ $$$! BY\ VY LX^P\TY\$ ]YVY SL]^L [_P VL] Q\YX^P\L] SLcLX N_WZVTOY VY] ZVLdY] P]^LMVPNTOY] ZY\ VL \PR_VLNTkX ZL\L ]_] LOPN_LNTYXP]$ VP] ]P\g PbTRTOY PV \P[_T]T^Y OP LN^_LVTdLNTkX OPV \PRT]^\Y& B\PR_X^L , ,& 6]OMKTIOG JK 4KXZOLOIGJU JK 4UTLUXSOJGJ JK AKJ[IZU '8:?-;36!"! ! )/8:?(-,-3@5!./!-6506842.,.!./!786.;-:6!7,8,!369!/3/4/5:69!./3!929:/4, ./!4/.2-2@5 ! 2 VGXZOX JK RG KTZXGJG KT \OMKTIOG JK RG VXKYKTZK XKYUR[IOdT RUY KRKSKTZUY YKcGRGJUY KT RUY ROZKXGRKY G! GR M! ^ S!# JKR 2TK]U ' JK KYZG XKYUR[IOdT# JK RUY T[K\UY YOYZKSGY JK SKJOIOdT ^ JK GW[KRRUY W[K YK GJOIOUTKT U XKSVRGIKT KT RUY YOYZKSGY JK SKJOIOdT K]OYZKTZKY# JKHKT IUTZGX IUT [T IKXZOLbIGJU JK IUTLUXSOJGJ JK VXUJ[IZU K]VKJOJU VUX [TG KTZOJGJ GIXKJOZGJG VUX KR >XMGTOYSU =GZOUTGR JK 2IXKJOZGIOdT JK 4URUSHOG# >=24$ 2Yb SOYSU# KYZK JKHK JOYVUTKX JK I[GRW[OKXG JK RUY YOM[OKTZKY JUI[SKTZUY ZK\O RUY KRKSKTZUY JK RUY YOYZKSGY JK SKJOIOdT JK RGY LXUTZKXGY IUSKXIOGRKY XKMOYZXGJGY GTZK KR 2B94 G RG ZKING JK KTZXGJG KT \OMKTIOG JK RG VXKYKTZK XKYUR[IOdT0 G! 6R IKXZOLbIGJU JK IUTLUXSOJGJ JK VXUJ[IZU \OMKTZK$ H! 6 R IKXZOLbIGJU JK IUTLUXSOJGJ JK VXUJ[IZU \OMKTZK G RG LKING JK GJW[OYOIOdT JKR KRKSKTZU$ I! ;G JKIRGXGIOdT JKR LGHXOIGTZK U VXU\KKJUX JKR KRKSKTZU KT W[K YK YKcGRK KR I[SVROSOKTZU JK RG TUXSG ZaITOIG GVROIGHRK KT RG LKING JK Y[SOTOYZXU$ 1 5`& N m P )). @Y& /%). TX^ *& AQTNTXL .() 9OQQVOY 7_]PdL\ 6YRY^g& 8&7& 7Y^YWM^L r !)".(+*(*(':L\ !)".(+*)(( r N\PR4N\PR&RY`&NY # aaa&N\PR&RY`&NY GB8BFCBEHA @F9GA? VD 7YWS]SfX NO EOQ_VKMSfX NO 9XO\QdK b ;K] g @=A@=A5F F\K& >RGG 4KIOROG ?aXK_ AUJXbM[K_ 424 * %* Zb! ;UY OTLUXSKY JK VX[KHGY JK XKIKVIOdT JK VXUJ[IZU KT W[K YK JKS[KYZXK KR I[SVROSOKTZU JK RG TUXSG JK ZaITOIG GVROIGHRK KT RG ZKING JK Y[SOTOYZXU$ 6TZXK RUY KRKSKTZUY YKcGRGJUY KT RUY ROZKXGRKY G! GR M! ^ S! JKR 2TK]U ' SKTIOUTGJU KT KR 2XZOI[RU '&# YK KTI[KTZXGT RUY ZXGTYLUXSGJUXKY JK ZKTYOdT ^ JK IUXXOKTZK$ 5K UZXG VGXZK# KR A6C96 KT Y[ T[SKXGR ($) OTJOIG W[K YK JKHK IUTZGX MYX 4KXZOLOIGJU JK 4UTLUXSOJGJ JK ?XUJ[IZU VGXG RUY gZXGTYLUXSGJUXKY JK IGVGIOJGJ SG^UX U OM[GR G ) QE2g 4UTYOJKXGTJU W[K RUY ZXGTYLUXSGJUXKY JK IUXXOKTZK ^ ZKTYOdT W[K IUSVUTKT RUY YOYZKSGY JK SKJOJG ZOKTKT IGVGIOJGJKY SKTUXKY K ) QE2# IdSU YK JKHK OTZKXVXKZKX RG K]OMKTIOG JK 4KXZOLbIGJU JK 4UTLUXSOJGJ JK ?XUJ[IZU KYZGHRKIOJG KT KR 4dJOMU JK <KJOJG VGXK KYZKY KW[OVUY $\Y$ RU JKLOTOJU VUX KR A6C961 2 YO SOYSU# JGJU W[K KT KR A6C96 YK KYZGHRKIK RG 5KIRGXGIOdT JKR ?XU\KKJUX MYWY JUI[SKTZU JK YUVUXZK# YK V[KJK IUTYOJKXGX W[K KYZK JUI[SKTZU VUJXbG XKKSVRG_GX KR 4KXZOLbIGJU JK 4UTLUXSOJGJ1 6T I[GTZU G RG 5KIRGXGIOdT JKR 7GHXOIGTZK JKLOTOJG KT KR T[SKXGR I! Y[HXG^GJU L[KXG JK ZK]ZU!# VGXG GW[KRRGY LXUTZKXGY W[K KYZGHGT XKMOYZXGJGY GTZKY JK SG^U NO (&'*#U VGXG RUY ZXGTYLUXSGJUXKY JK ZKTYOdT ^ IUXXOKTZK W[K IUTLUXSGT RUY YOYZKSGY JK SKJOJG JK RGY LXUTZKXGY JK JOYZXOH[IOdT W[K KYZ`T KT VXUIKYU JK GJKI[GIOdT ^ W[K G RG ZKING TU YK NGT XKMOYZXGJU# YK V[KJK ZUSGX IUSU \dLbJG [TG LUZUMXGLbG JK RG VRGIG JK IGXGIZKXbYZOIGY JKR KW[OVU# KT JUTJK YK OTJOIG RG TUXSG JK LGHXOIGIOdT JK JOINU KW[OVU# VGXG JGX I[SVROSOKTZU G KYZK ROZKXG:1 CP]Z_P]^L DP PX^TPXOP [_P VL] OT]ZY]TNTYXP] P]^TZ_VLOL] PX PV CPRVLWPX^Y EhNXTNY OP =X]^LVLNTYXP] 9VhN^\TNL] % C9E=9$ ]YX ZL\L WLX^PXP\ VL ]PR_\TOLO PX PV ]T]^PWL PVhN^\TNY& BY\ ]_ ZL\^P$ PV PXQY[_P OPV NkOTRY OP WPOTOL P] L]PR_\L\ VL NLVTOLO c NYXQTLMTVTOLO OP VL] WPOTOL] ZY\ VY [_P VL] XY\WL] XY ]P NYX^\LZYXPX& DTX ZP\U_TNTY OP VY LX^P\TY\$ ]YM\P P]^P ^PWL SPWY] SPNSY VL NYX]_V^L LV ?TXT]^P\TY OP ?TXL] c 9XP\RiL [_P P] VL PX^TOLO \P]ZYX]LMVP OPV CPRVLWPX^Y EhNXTNY OP =X]^LVLNTYXP] 9VhN^\TNL]%C 9E=9& 9V Z\P]PX^P NYXNPZ^Y ]P PWT^P PX VY] ^h\WTXY] c NYX PV LVNLXNP Z\P`T]^Y PX PV L\^iN_VY *0 OPV 7kOTRY OP B\YNPOTWTPX^Y 5OWTXT]^\L^T`Y c OP VY 7YX^PXNTY]Y 5OWTXT]^\L^T`Y& 7Y\OTLVWPX^P$ O A Q^P 9 E nf =@EA ^A @A>>5 8T\PN^Y\ 9UPN_^T`Y 7YZSK2 EKNSMKNY NO ^\K]VKNY KV @@9 1 5`& 7L^P )). @Y& /%)( =X> J AQTNTXL 1() 9OQQVOY 7 \Y L \ 6YRY^g& 8&7& 7ONL^^TL r !)" .(+*(*( ' :Lb2 !)" .(+*)(( r N\PR4N\PR&RY`bY # `aa&N\PRKY`bY