Contourite Sands in the Gulf of Cadiz: Characterisation, Controls and Wider Implications for

Hydrocarbon Exploration.

Rachel Elizabeth Brackenridge

Submitted for the degree of Doctor of Philosophy

Heriot‐Watt University

Institute of Petroleum Engineering

June 2014

Supervisors

Dorrik A.V. Stow F. Javier Hernández‐Molina Institute of Petroleum Engineering, Department of Earth Sciences, Heriot‐Watt University Royal Holloway University

The copyright in this thesis is owned by the author. Any quotation from the thesis or use of any of the information contained in it must acknowledge this thesis as the source of the quotation or information.

ABSTRACT

This study uses an extensive data‐set from a sand‐rich contourite depositional system located in the Gulf of Cadiz. Newly acquired data, targeting a modern contourite sandy depositional system in the eastern Gulf of Cadiz, has been integrated with historical data, including a seismic survey over a Pliocene mixed system in the northern Gulf of Cadiz. Seismic, core and sediment analysis has been used to assess the controls on the system, and characterise the sediments. The presented study gives a new complete view of past circulation of the Mediterranean Outflow Water and contourite deposition in the eastern Gulf of Cadiz over the upper, mid and lower slope. It also identifies a mixed system in the Pliocene section of the northern Gulf of Cadiz. This allows us to make the following contributions to the field;

1. A new model from Quaternary evolution of the eastern sandy contourites, and Pliocene evolution of a sandy mixed system the northern Gulf of Cadiz. 2. A detailed examination of the sand facies and sediment of the Gulf of Cadiz and a new set of contourite sand facies models proposed. 3. A thorough examination of the controls on contourite formation, and their integration in a sequence stratigraphic framework. 4. A review of the hazards bottom currents pose to deep water exploration, and the reservoir potential of contourite sands and other facies.

The Gulf of Cadiz provides a good modern day analogue for contourite sands. They show various facies and sedimentological characteristics that are tied to depositional processes. They are also highly cyclic in nature, on a variety of time scales. If they can be positively identified in the subsurface, they have the capacity to make potential hydrocarbon reservoirs. The facies and sedimentological models presented here, and their integration into a sequence stratigraphic model will aid the positive identification of these deposits in the future.

ii

ACKNOWLEDGEMENTS

The study was funded through Institute of Petroleum Engineering Ali Danesh Scholarship. The study is related and part funded to the CONTOURIBER (CTM 2008‐06399‐C04/MAR) and MOWER (CTM2012‐ 39599‐C03‐01) projects. Additional funding was provided in the form of a research grant by the International Association of Sedimentologists (IAS) and travel grants provided by the IAS and the European Consortium for Ocean Research Drilling (ECORD). Many thanks to TGS for allowing seismic sections to be published. Special thanks to all that helped at the Universidade de Vigo and Heriot‐Watt University.

iii

ACADEMIC REGISTRY Research Thesis Submission

Name: RACHEL ELIZABETH BRACKENRIDGE

School/PGI: INSTITUTE OF PETROLEUM ENGINEERING Degree Sought Version: (i.e. First, FINAL (Award and Ph.D PETROLEUM GEOSCIENCE Resubmission, Final) Subject area)

Declaration

In accordance with the appropriate regulations I hereby submit my thesis and I declare that:

1) the thesis embodies the results of my own work and has been composed by myself 2) where appropriate, I have made acknowledgement of the work of others and have made reference to work carried out in collaboration with other persons 3) the thesis is the correct version of the thesis for submission and is the same version as any electronic versions submitted*. 4) my thesis for the award referred to, deposited in the Heriot-Watt University Library, should be made available for loan or photocopying and be available via the Institutional Repository, subject to such conditions as the Librarian may require 5) I understand that as a student of the University I am required to abide by the Regulations of the University and to conform to its discipline.

* Please note that it is the responsibility of the candidate to ensure that the correct version of the thesis is submitted.

Signature of Date: Candidate:

Submission

Submitted By (name in capitals): RACHEL ELIZABETH BRACKENRIDGE Signature of Individual Submitting: Date Submitted:

For Completion in the Student Service Centre (SSC)

Received in the SSC by (name in capitals): Method of Submission (Handed in to SSC; posted through internal/external mail):

E‐thesis Submitted (mandatory for final theses) Signature: Date:

iv

TABLE OF CONTENTS

Abstract ii Acknowledgements iii Research Thesis Submission iv Table of Contents v

TITLE PAGES List of Abbreviations ix 1. Introduction 1

2. Current Understanding & Research Aims 7 2.1 Contourites and Contourite Sands 8 2.2 The Gulf of Cadiz 12 2.2.1 Geological Setting and Margin Evolution 12 CURRENT 2.2.2 Oceanographic Setting 16 UNDERSTANDING 2.2.3 Contourite Depositional System 19 3. Data and Methodology 26 3.1 Data‐Sets 27 3.1.1 Acoustic Data 28 3.1.2 Sediment Data 31 3.2 Methodology 31 3.2.1 Multibeam Bathymetry 31

3.2.2 Geophysical Methods 32 3.2.2.1 CONTOURIBER‐1 Acoustic Data‐Sets 32 3.2.2.2 TGS 2D Seismic Data‐set 33 3.2.3 Sediment Facies 34 3.2.3.1 CT‐Scanning 34 3.2.3.2 Visual Logging 36 3.2.4 Sediment Compositional Analysis 37 3.2.4.1 XRF Analysis 37

DATA & METHODOLOGY 3.2.4.2 Smear Slide Analysis 39 3.2.5 Sediment Texture 41 3.2.5.1 Mean Grain Size 44 3.2.5.2 Sorting 45 3.2.5.3 Skewness and Kurtosis 45 3.2.5.4 Cumulative Frequency Curves 47 3.2.6 Dating 47 4. Seismic Results 49 4.1 CONTOURIBER‐1 Acoustic Data 50 4.1.1 Acoustic Facies 50 4.1.2 Morphosedimentary Features 51 4.2 TGS Seismic Surveys 51 4.2.1 Identified Seismic Units 55

4.2.1.1 Pre‐Pliocene 56 4.2.1.2 Seismic Unit P1 56

RESULTS 4.2.1.3 Seismic Unit P2 59 4.2.1.4 Seismic Unit P3 59 4.2.1.5 Seismic Unit PQ 59 4.2.1.6 Quaternary 60 4. Sedimentary Results 61 5.1 Sedimentary Facies 62 5.1.1 Modern Sand Distribution 62

v

5.1.2 Sediment Facies 63 5.1.2.1 CT Results 64 5.1.2.2 Visual Logging Results 65 5.1.2.3 Contourite Facies 74 4.2.2.5 Facies Sequences 76 5.2 Sediment Composition 80 5.2.1 XRF Results 80 5.2.1.1 Down‐Core Trends 81 5.2.1.2 Cross Plotting 85

5.2.2 Smear‐Slide Results 86 5.2.2.1 PC06 88

RESULTS 5.2.2.2 PC04 88 5.2.2.3 PC08 88 5.2.2.4 BC05 89 5.3 Sediment Texture 89 5.3.1 Grain Size Distribution Parameters 89 5.3.2 Clay Fraction 93 5.3.1 Cumulative Frequency Curves 93 5.4 Dating 97 5.4.1 Core Dating 97 5.4.2 Rates of Deposition 98 6. The Gulf of Cadiz Sandy Contourite Depositional System 101 6.1 Introduction 102 6.2 Interpretation 103 6.2.1 Acoustic Data Analysis 103 6.2.1.1 Eastern Gulf of Cadiz 103 6.2.1.2 Algarve Margin 105 6.2.2 Sedimentary Analysis 111 6.2.2.1 PC06 112 6.2.2.2 U1388 121

6.2.2.3 BC05 122 6.2.2.4 PC04 123 6.2.2.5 PC08 125 6.2.2.6 D13900 126 6.2.2.7 Core Correlation 127 6.3 Discussion 131 6.3.1 Modern Day Morphology of the Gulf of Cadiz 131 6.3.1.1 Eastern Gulf of Cadiz 131 6.3.1.1 The Algarve Margin 134 6.3.2 Margin Evolution and Palaeoceanographic Implications 136 6.3.2.1 Eastern Gulf of Cadiz 136 INTERPRETATION & DISCUSSION 6.3.2.2 The Algarve Margin 142 6.3.3 Sediment Provenance 145 6.3.3.1 Eastern Gulf of Cadiz 145 6.3.3.2 The Algarve Margin 146 6.4 Conclusions 147 7. Characterising Contourite Sands 150 7.1 Key Feature at Seismic Scale 151 7.1.1 Drift‐Scale Characteristics 151 7.1.2 Discontinuities and Seismic Unit Identification 152 7.1.3 Depositional Unit‐Scale Characteristics 153

vi

7.1.4 Seismofacies‐Scale Characteristics 154 7.1.5 Discussion 154 7.2 Key Feature at Facies and Sediment Scale 155 7.2.1 Contourite Sand Facies 155 7.2.1.1 Discontinuities 155 7.2.1.2 Sedimentary Structures 158 7.2.1.3 Bioturbation Patterns 158 7.2.1.4 Facies and Facies Sequences 161 7.2.2 Contourite Sand Sediment Textures 165 7.2.2.1 Mean Grain Size 165 7.2.2.2 Sorting 167 7.2.2.3 Skewness 168 7.2.2.4 Cumulative Frequency Curves 170 7.2.3 Discussion 172 7.2.3.1 Towards a New Facies Model 172 7.2.3.2 Towards a Contourite Sediment Textural Model 175 7.2.3.3 Other Deep Water Sand Facies 177 7.3 Conclusions 180 8. Contourite Controls and Deep Water Sequence Stratigraphy 182 8.1 Sequence Stratigraphy: Existing Models and Problems 184 8.2 Controls on Deep Water Sedimentation 187 8.3 Controls on Contourites 187 8.3.1 Bottom Current Variations 188 8.3.1.1 Gateway Effects 189 8.3.1.2 Bottom Water Kitchen Conditions 189 8.3.2 Sediment Supply Variations 193 8.4 Sequence Stratigraphy of Drifts: Case Studies 194 8.4.1 Antarctic Peninsula Drifts 198 8.4.1.1 Location and Setting 198 8.4.1.2 Evolution and Controls 199

INTERPRETATION & DISCUSSION 8.4.1.3 Sequence Stratigraphy 199 8.4.2 Argentine Basin Drifts 199 8.4.2.1 Location and Setting 199 8.4.2.2 Evolution and Controls 201 8.4.2.3 Sequence Stratigraphy 201 8.4.3 The Eirik Drift 201 8.4.3.1 Location and Setting 201 8.4.3.2 Evolution and Controls 202 8.4.3.3 Sequence Stratigraphy 203 8.4.4 The Gulf of Cadiz CDS 203 8.4.4.1 Location and Setting 203 8.4.4.2 Evolution and Controls 203 8.4.4.3 Sequence Stratigraphy 205 8.5 New Sequence Stratigraphic Model 205 8.5.1 Model 1: Enhanced Bottom Water Currents during HST 205 8.5.2 Model 2: Enhanced Bottom Water Currents during LST 207 8.6 Discussion 209 8.7 Conclusions 211 9. Contourite Reservoir Potential & Economic Importance. 212 9.1 The Reservoir Potential of Contourites 214 9.1.1 Controls on Sand Deposition 215

vii

9.1.2 Contourite Sand Products 217 9.1.2.1 Sand Deposits within Erosional Contourite Channels 217

9.1.2.2 Sheeted Drift Sands 218 9.1.2.3 Contourite Mounded and Plastered Drifts 219 9.1.2.4 Fan Drifts 219 9.1.2.5 Mixed Systems and Bottom Current Reworked Sands 219 9.1.3 Other Potential Contourite Reservoir Facies 222 9.1.4 Contourite Reservoir Identification 223 9.1.4.1 Seismic Recognition 223 9.1.4.2 Sediment Facies Recognition 224 9.2 Other Petroleum System Aspects 226 9.2.1 Source Rock 226 9.2.2 Seal 227 INTERPRETATION & DISCUSSION 9.2.3 Trap Formation 227 9.3 Discussion 228 9.4 Conclusions 229 10. Conclusions & Further Work 230

10.1 Further Work 231 10.1.1 The Gulf of Cadiz Depositional System 232 10.1.2 Characterising Contourite Sands 232 10.1.3 Contourites within a Sequence Stratigraphic Framework 233 10.1.4 Contourite Reservoir Potential and Economic Importance 234 CONCLUSIONS 10.2 Conclusions 234 11. References 237 Appendix 1 I

Appendix 2 II Appendix 3 III Appendix 4 X Appendix 5 XIV APPENDIX Appendix 6 XV Appendix 7 XVII

viii

List of Abbreviations

AABW Antarctic Bottom Water AAIW Antarctic Intermediate Water AI Atlantic Inflow ASW Atlantic Surface Water CDS Contourite Depositional System HST Highstand Systems Tract LST Lowstand Systems Tract MOW Mediterranean Outflow water NACW North Atlantic Central Water NADW North Atlantic Deep Water TST Transgressive Systems Tract

ix

! ! ! ! ! ! !"#$%&'(#)%"* !

*

!

! ! + !"#$%&'(#)%"* !

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

!

"#$%&'! ()(*! +,'! -%./! 0/! 123#4! 253! 6,'! 72#5! 86%39! 2&'2! /0&! 6,#8! :0&;! <=0>'3?)! +,'! 72#5! 0@'250$&2A,#@!@07A05'568!72&;'3!2&'!6,'!'286:2&3B/.0:#5$!C6.256#@!D5/.0:!E26'&8!'3! #5! &'3?! :#6,! &'8A'@6! 60! 6,'! A@#A2.! 6,'&70,2.#5'! 3''A! :26'&! 7288'8! #5! 6,'! C6.256#@! G@'25)! CCME! N! C562&@6#@! M06607! E26'&O!

I! ! CCDE!N!C562&@6#@!D56'&7'3#26'!E26'&O!FGE!N!F'3#6'&&25'25!G%6/.0:!E26'&O!PCQE!N!P0&6,! C6.256#@!Q''A!E26'&)!F03#/#'3!/&07!"2%$R&'8!'6!2.)!<(SSL?)!!

#$/!1+0(&,2%4'!,3142%&/&!35!@N!,$+4'/2&?!

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

Q!)/'+%./)!+,,3(0'!35!=32-!,+22%/)!3('!30!'$/!9(.5!35!:+)%;!,30'3(2%'/!&+0)&!%&!3('.%0/)!%0!'=3! M/&(.'&!,$+4'/2&!+&!3('.%0/)!!

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

Q..! '$/! /L%)/0,/! 5231! '$/! +<3L/! =32-! %&! ,314%./)! +0)! )%&,(&&/)! %0! 53(2! [0'/242/'+'%30! +0)! ]%&,(&&%30!,$+4'/2&>!!

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

#$/!2/&(.'&!35!'$%&!&'()*!+2/!2/./L+0'7!+0)!,30'2%<('/!'3!'$/!5%/.)!<*!L+2%3(&!1/+0&?!@A!R%2&'.*7! '$/! &'()*! 42/&/0'/)! %&! '$/! 5%2&'! 53,(&/)! &'()*! 35! '$/! /+&'/20! 9(.5! 35! :+)%;! '$+'! ('%.%&/&! <+'$*1/'2%,7!&/%&1%,!253!&/)%1/0'3.38%,+.!)+'+>!#/1432+.!+0)!&4+'%+.!,$+08/&!'3!)/43&%'%30! +,23&&!'$/!&'()*!+2/+!$%8$.%8$'!'$/!,314./F%'*!35!+!&+0)62%,$!,30'3(2%'/!)/43&%'%30+.!&*&'/1>! #$%&!,314.%1/0'&!=32-!<*!3'$/2!+('$32&!+0)!,3..+<32+'32&!30!'$/!=%)/2!9(.5!35!:+)%;!2/8%30G! "A!#$/!+,3(&'%,!,$+2+,'/27!&/)%1/0'!5+,%/&!+0)!&/)%1/0'!'/F'(2/!,$+2+,'/2%&+'%30!=%..!+%)!5('(2/! %)/0'%5%,+'%30!35!'$/&/!)/43&%'&!+.308!3'$/2!,30'%0/0'+.!1+28%0&!+0)!%0!'$/!8/3.38%,+.!2/,32)G!IA! Q!0/=!13)/.!532!&/J(/0,/!&'2+'%82+4$*!=%..!+%)!42/)%,'%30!35!5(2'$/2!,30'3(2%'/!&+0)!)/43&%'&! %0! '$/! &(<&(25+,/G! +0)! KA! Q! 0/=! &'+'/6356'$/6+2'! +&&/&&1/0'! 35! '$/! /,3031%,! 43'/0'%+.! 35! ,30'3(2%'/&!C=%'$!+!53,(&!30!,30'3(2%'/!&+0)!2/&/2L3%2!43'/0'%+.A!=%..!)/L/.34!(0)/2&'+0)%08!35! '$/!8/31/'2%/&!+0)!%0'/20+.!+2,$%'/,'(2/!'$+'!+2/!3<&/2L/)!%0!&+0)62%,$!,30'3(2%'/!)/43&%'&7! =%'$!%1432'+0'!+44.%,+'%30&!532!$*)23,+2<30!/F4.32+'%307!2/&/2L3%2!13)/..%08!+0)!423)(,'%30>!!

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

_! ! R231! '$/! =32-! $/2/%07! '=3! 5(..! +,+)/1%,! 4+4/2&! $+L/! ! "N@@G!`2+,-/02%)8/!/'!+.>!"N@"A7!CQ44/0)%F!@G!"A!+0)!+03'$/2!%&!!B/,'%30&!35! '$/!'$/&%&!$+L/!! "N@"G! B'3=! /'! +.>! "N@I!"N@KG!c.+L/!/'!+.>!D5!T&'88A>!R(2'$/2132/7!,305/2/0,/!L3.(1/!/F'/0)/)!+<&'2+,'&! C`2+,-/02%)8/! /'! +.>! "N@NG! `2+,-/02%)8/! /'! +.>! "N@"A! +0)! +))%'%30+.! +<&'2+,'&! $+L/! !R%0+..*7!+!,30'2%<('%30!=+&!1+)/!'3![\]E! E2343&+.! ^KK! %0! '$/! 5321! 35! +! &%'/! &(2L/*! +44/0)%F! CW/20X0)/;6Y3.%0+! /'! +.>! "N@N+A! +0)! +! =32-&$34! +0)! 5%/.)! 8(%)/! =+&! !"#$$%&' ()"' $*%' +,-./0' 1)&$)2"#$%' 1)"%' !)"34*)5' ()"' %6"78' 16"%%"'41#%&$#4$49'C`2+,-/02%)8/!/'!+.>!"N@I+A>!Q..!4+4/2&!,+0!!

! !

^! ! !

! ! ! ! ,'$$-"#*."&-$/#0"&)"1*2*3-/-0$(4*5)6/* !

*

!

! !

V! ! 7 *'$$+"#,-"&+$.#/"&)"0,1,2+.+/$(3, 4)5.,* !

!"# $%&'%()*'+,-.&/-$%&'%()*'+-0.&/,-

:30'3(2%'/&!+2/!53(0)!+.308!1+0*!,30'%0/0'+.!1+28%0&!+0)!5321!+0!%1432'+0'!+&4/,'!35!)//4! =+'/2!&/)%1/0'+'%30>![0!&%14./&'!'/21&7!!"#$%#&'(%)*+,')+,--+%.#*)+*)/(0)$%*+/)1#*(%)/+23+#'+ *(4$(5(6,$%-3+')7#'8)/+23+%.)+1)'*(*%)$%+,6%(#$+#5+2#%%#0+6&'')$%*9!CB'3=!/'!+.>!"NN"!`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

!

"#$%&'!J)(*!M06607!@%&&'568!253!6,'#&!A&03%@68)!+,'8'!@%&&'568!$'5'&2..9!/0..0:!6,'!@0560%&8!0/! 6,'!@056#5'562.!72&$#5!253!@25!#56'&2@6!:#6,!06,'&!A&0@'88'8!8%@,!28!$&2U#69!3&#U'5!6%&=#3#6#@!0&! 7288B:286#5$!8986'78)!

O! ! :30'3(2%'/! &,%/0,/! $+&! $+)! +! &.3=! &'+2'! =$/0! ,314+2/)! '3! 2/&/+2,$!%0'3! 3'$/2! )//4! =+'/2! 423,/&&/&! +0)! 423)(,'&7! +0)! +&! +! 2/&(.'! '$/2/! %&! +! 2/.+'%L/! .+,-! 35! .%'/2+'(2/! +0)! 3083%08! 2/&/+2,$!%0!'$/!5%/.)>!#$%&!%&!)(/!42%1+2%.*!'3!'$/!.+,-!35!%0)(&'2*!%0'/2/&'!=$/0!,314+2/)!'3! '(2<%)%'/!)/43&%'%307!+0)!+!.+,-!35!%0'/2/&'!5231!2/&/+2,$!<3)%/&!5231!+!8/3$+;+2)&!43%0'!35! L%/=! =$/0! ,314+2/)! '3! 1+&&6=+&'%08! )/43&%'&>! PL/0! 4/.+8%,! 1()&! $+L/! .308! !!

B%0,/! &/)%1/0'! '2+0&432'! <*! )//4! 3,/+0! ,(22/0'&! =+&! 5%2&'! )%&,3L/2/)! 355! '$/! P+&'/20! HB! 1+28%0!<*!W//;/0!+0)!W3..%&'/2!C@T^IA7!,30'3(2%'/!&,%/0,/!$+&!82/+'.*!!"NN"! "N@N! "N@IA>! Q! 2/,/0'! ,3..+<32+'%L/! L3.(1/! 5321&! '$/! 13&'! /F'/0&%L/! +,,(1(.+'%30! 35! ,30'3(2%'/! -03=./)8/! CM/! Y(,$! 42382/&&! $+&! ! @TTTG! c.+L/!/'!+.>!"NN@G!M/!"NN@G!B'3=!/'!+.>!"NN"! "NNOG! Z%/.&/0! /'! +.>! "NNOG! ! `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h2>! "N@"G! :.+2/! "N@IA>! #$/! 13&'! (4! '3! )+'/! +,,3(0'! 35! ,30'3(2%'/! (0)/2&'+0)%08! %&! 8%L/0!<*!M/!C"N@KA>! a$/0! ,314+2/)! '3! 5%0/682+%0/)! ,30'3(2%'/&7! '$/! 3,,(22/0,/! 35! 4(<.%,+'%30&! 53,(&%08! 30! @0560%'!82538!%&!2/.+'%L/.*!2+2/!+0)!.%1%'/)!'3!30.*!+!5/=!+('$32&!+0)!&'()*!.3,+.%'%/&>!`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c3L/..! +0)! B'3=! C@TO@A7! Z/.&30! /'! +.>! C@TTIA7! U%+0+! /'! +.7! C@TTOA7! Q-$1/';$+03L! /'! +.>! C"NNVA7! Y32+/&! /'! +.>! C"NNVA7! Y+&&30! /'! +.>! C"N@NA7! +0)! B'3=! /'! +.>! C"N@I! [0! +..! '$/&/! /F+14./&7! ,30'3(2%'/! &+0)&! $3=! 1(,$!132/!.%1%'/)!!!

#$/!)%&,2/4+0,%/&!!\0/!2/+&30!532!'$/!)%55/2/0,/&!1+*!!W/2/7!=/! (&/! '$/! M/! "N@KA>! M/';%5)4#$49'1)?%"4';%@"#$%4A'472:54A'6&;')$*%"';)!&47)5%'484$%:4B!B$+01(8+1! C"N@"! Q))%'%30+.! '/21&! +2/! (&/)! 532! =%0)6 )2%L/0! +0)! %0'/20+.! '%)/! 423,/&&/&7! +0)! +..! +2/! 823(4/)! 2&;%"' $*%' $%":' +@)$$):' 12""%&$' "%!)"3%;'46&;49!CB$+01(8+1!"NN^G!"N@"!\'$/2!5+,'32&!'$+'!=%..! ,30'23.!'$/!5+,%/&!%)/0'%5%/)!+2/!4332.*!(0)/2&'33)!+0)!=%..!!!

W/2/7!,30'3(2%'/!&+0)&!+2/!)/5%0/)!+&!'$3&/!)/43&%'&!'$+'!+2/!&3!&%80%5%,+0'.*!2/=32-/)!<*!)//4! <3''31! ,(22/0'&! '$+'! .%''./! '3! 03! %0)%,+'%30! 35! )3=0&.34/! 423,/&&/&! +2/! /L%)/0'>! B%0,/! /23&%30+.! /./1/0'&! +2/! 35'/0! +.&3! 42/&/0'7! %'! %&! 4/2$+4&! 132/! +,,(2+'/! '3! 0+1/! '$/&/! @0560%'!3'A08#6#052.!8986'78!CW/20X0)/;6Y3.%0+!/'!+.>!"NNOA>!PF+14./&!$+L/!!"NNVG!W(L/00/!/'!+.>!"NNTG!Y+&&30! /'!+.>!"N@NA7!355&$32/!`2+;%.!CU%+0+!/'!+.>!@TTOG!Y32+/&!/'!+.>!"NNVG!`(.$j/&!/'!+.>!"N@"G!Y(''%! +0)!:+21%0+''%!"N@"A!+0)7!<*!5+2!'$/!13&'!%142/&&%L/!+0)!/F'/0&%L/!/F+14./7!%0!'$/!9(.5!35! :+)%;!%0!'$/!/+&'!Q'.+0'%,!CZ/.&30!/'!+.>!@TTIG!W+<833)!/'!+.>!"NNIG!W/20X0)/;6Y3.%0+!/'!+.>! "NN^G!"N@KG!B'3=!/'!+.>!"N@@+G!"N@I!#$/2/!+2/!42%0,%4+..*!'=3!L+2%/'%/&!35!,30'3(2%'/!&+0)&! 53(0)7!.+28/.*!)/4/0)%08!30!'$/!+L+%.+<./!&/)%1/0'!&(44.*!+'!'$/!.3,+.%'*>!`*!)/5%0%'%307!&+0)!%&! '$3&/! &/)%1/0'! 82+%0&! 82/+'/2! '$+0! ^I! k1! %0! )%+1/'/2! +0)! 5+,%/&! ,+0! ! Q! 0(1!"N@NG!Q./b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`(.$j/&! /'! +.>! "N@"G! Y(''%! +0)! :+21%0+''%! "N@"A! +0)! '$/! ,$+00/.! &+0)! )/43&%'&! 30! '$/! 032'$=/&'! P(234/+0! ,30'3(2%'/! )/43&%'%30+.!&*&'/1&!CQ-$1/';$+03;!/'!+.>!"NNVA>!

#$/!)+'+!(&/)!%0!'$%&!&'()*!%&!8+'$/2/)!5231!'$/!9(.5!35!:+)%;!&+0)62%,$!,30'3(2%'/!)/43&%'%30+.! &*&'/1! C:]BA7! .3,+'/)! %0! '$/! /+&'/20! Q'.+0'%,! \,/+0>! Q! .+28/! :]B! $+&! )/L/.34/)! +,23&&! '$/! /0'%2/!&3('$=/&'![!"NNIG!"NN^A!+0)!%&!30/! 35! '$/! 13&'! /F'/0&%L/! +0)! ! :30'3(2%'/! &/)%1/0'+'%30! %&! /&'%1+'/)! '3! $+L/! ! "NN@G! "N@NG! `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c.+L/!/'!+.>!"NN@A>!\'$/2!+('$32&!$+L/!53,(&/)!30!'$/!&(<1+2%0/!,+0*30&!35! &/,'32!_!CY(.)/2!/'!+.>!"NN^G!Y+2,$/&!/'!+.>!"NNVG!"N@NA!+0)!'$/!.3=/2!&.34/!&/)%1/0'!.3!"NNIG!Y(.)/2!/'!+.>!"NNIG!"NNTG!W+0J(%/;!/'!+.>!"N@NG! M38/2&30!/'!+.>!"N@"A>!\'$/2!&'()%/&!/F+1%0/!'$/!,$+00/.&!&/,'32!C&/,'32!IA!%0!'$/!1%)69(.5!35!

@@! ! :+)%;!Cc.+L/!/'!+.>!"NNV!"NNTG!M38/2&30!/'!+.>!"N@@G!B'3=!/'!+.>!"N@I! "NNVG! #+&%+0+&! "N@NA>!!

B/,'32! @7! '$/!13&'! 423F%1+.!'3!'$/! 9%<2+.'+2! 9+'/=+*7! $+&! ! a32-!$+&!!@TTTG!c3<3!/'!+.>! "N@NA7!+0)!'$/!+)b+,/0'!,$+00/.!+0)!&/)%1/0'!=+L/&!&/,'32&7!+&!=/..!+&!+,23&&!'$/!9%<2+.'+2! 9+'/=+*! Cg/..%08! +0)! B'+0./*! @TV"G! P&'/2+&! /'! +.>! "NNNA7! +0)! '$/! Y/)%'/22+0/+0! &%)/! 35! '$/! B'2+%'!C:+14%..3!/'!+.>!@TT"G!P2,%..+!/'!+.>!"@N"G!h(+0!/'!+.>!"N@"A>!R3,(&/)!&'()%/&!30!&/,'32!@! $3=/L/2!2/1+%0/)!.%1%'/)!'3!+!L/2*!5/=G!'=3!%0)(&'2*!&'()%/&!C`(%'2+83!/'!+.>!"NN@G!Q0'%,$!/'! +.>!"NN_A7!&31/!&(4/25%,%+.!+0)!2/13'/.*6&/0&/)!&'()%/&!Cg/0*30!+0)!`/.)/2&30!@TVIG!Y(.)/2! /'!+.>!"NNIG!W+0J(%/;!/'!+.>!"NNVA7!+0)!&31/!2/,/0'!4(<.%,+'%30&!2/.+'%08!'3!'$/!)+'+!(&/)!%0! '$%&!&'()*!CQ./b3!/'!+.>!"N@"G!`2+,-/02%)8/!/'!+.>!"N@I)G!W/20X0)/;6Y3.%0+!/'!+.>!"N@I+G!"N@KA>! #$/!.+,-!35!53,(&!30!'$%&!+2/+!%&!532!+!0(1! B(4/25%,%+.! &+14./! /5532'&! 35'/0! 5+%.! )(/! '3! )%55%,(.'! <3''31! ,(22/0'! ,30)%'%30&7! +0)! 3'$/2! 1/'$3)&! 35! )2%..%08! 423L/! )%55%,(.'! )(/! '3! <32/$3./! &'+<%.%'*! 423<./1&!CPF4/)%'%30!IIT!B,%/0'%&'&!"N@"AG!IA!W%8$!2+'/&!35!/23&%30!2/&(.'!%0!'$%&!+2/+!!"NNVG!B'3=!/'!+.>!"N@@+A!+0)!'$/2/532/!'$/2/!=+&!.%1%'/)!b(&'%5%,+'%30!32! 0//)!'3!%0L/&'%8+'/!'$/&/!&+0)&>!!

!"! 12+-3(45-%5-$./*6-

!"!"# $%&'&()*+',-%..)/(, Y+0*! 2/&/+2,$/2&! $+L/! =32-/)! %0! '$/! 9(.5! 35! :+)%;7! =$%,$! $+&! $+)! +! ,314./F! 8/3.38%,+.! $%&'32*! CR%8>! ">"A>! B'()%/&! 35! '$/! 42/6,30'3(2%'/! $%&'32*! $+L/! !@TTTG!Z/.&30!+0)!Y+.)30+)3!@TTTG!Y/)%+.)/+!/'!+.>! "NNKG! 9('&,$/2! /'! +.>! "NNTA>! ]//464/0/'2+'%08! &/%&1%,! &(2L/*&! $+L/! ./)! '3! +! 82/+'/2! (0)/2&'+0)%08!35!'$/!/L3.('%30!35!'$/!,30'%0/0'+.!4.+'/!1+28%0&!%0!'$/!/+&'/20!Q'.+0'%,!\,/+0! CB2%L+&'+L+!/'!+.>!@TTNG!M3/&'!+0)!B2%L+&'+L+!@TT@G!#/22%0$+!/'!+.>!"NNTG!f%'/..%0%!/'!+.>!"NNTA!+0)! '$/! 2/,30&'2(,'%30! 35! '$/! :/0/;3%,! '/,'3&'2+'%82+4$*! C#32/..%! /'! +.>! @TTVG! c34/&! /'! +.>! "NN^G! Y+2,$/&! /'! +.>! "N@NA>! Q.'$3(8$! '$/! 2/8%30! %&! 03=! 2/.+'%L/.*! &'+<./7! '$%&! 1+28%0! $+&! $+)! +! ,314./F!+0)!)*0+1%,!'/,'30%,!$%&'32*!+&!+!2/&(.'!35!%'&!.3,+'%30!30!'$/!'2+0&5321!;30/!

@"! ! "#$%&'! J)J*! +,'! 86&%@6%&2.! /&27':0&;! 0/! 6,'! -%./! 0/! 123#4)! C-"X! N! C40&'8B-#=&2.62&! "&2@6%&'! X05'O! G1! N! G@'25#@! 1&%86O! 11! N! 1056#5'562.! 1&%86)! D58'&6! A&'8'568! 2! 8@,'726#@! 0/! 6,'! Y2&.9B 1&'62@'0%8!A2.2'06'@605#@!8'6B%A)!F2.305230!'6!2.)!<(SSS?)!

'$/!Q52%,+0!+0)!P(2+&%+0!,30'%0/0'+.!4.+'/&>!9/34$*&%,+.!&'()%/&!$+L/!+%)/)!'$/!%0'/242/'+'%30! 35!'$/!1+28%0!/L3.('%30!CY+.)30+)3!+0)!Z/.&30!@TTT!@TTTG!9('&,$/2!/'!+.>! "NN"G!Y/)%+.)/+!/'!+.>!"NNKA>!#$/!&'()*!+2/+!%&!<3(0)/)!'3!'$/!/+&'!<*!'$/!9%<2+.'+2!Q2,7!=$%,$! 2/42/&/0'&!'$/!=/&'/2013&'!.%1%'!35!'$/!Q.4&7!+0)!'3!'$/!=/&'!<*!'$/!,314./F!Q;32/&69%<2+.'+2! R2+,'(2/! f30/! CQ9RfA! CR%8>! ">"A>! #$/! Q9Rf! ! ">IA>! #$/! 4.+'/! <3(0)+2*! ! @TTNA! +0)! +'! '%1/&! '$/! [!!

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c+'/! Y/&3;3%,! 4+&&%L/! 1+28%0! )/L/.341/0'! 2/.+'/)! '3! 2%5'%087! &/+! 5.332! &42/+)%08! +0)! '$/! 34/0%08! 35! '$/! @I! ! #/'$*&!+0)!Q'.+0'%,!\,/+0&G!"A!:/03;3%,!,30L/28/0,/!35!'$/!Q52%,+0!+0)!P(2+&%+0!4.+'/&!%0!+!Z6 B!)%2/,'%30G!+0)!IA!532/)//4!5321+'%30!2/.+'%08!'3!3238/0/&%&!'3!'$/!/+&'!35!'$/!9(.5!35!:+)%;>! #$/&/!+2/!)%&,(&&/)!!!

!"!"#"# $%&'(')*+,-&&).%+/-01)2+3%.%4',/%25+

[0%'%+.!,30'%0/0'+.!2%5'%08!35!'$/!&(4/26,30'%0/0'!E+08/+!&+=!/F'/0&%30+.!423,/&&/&!3083%08!%0! '$/!9(.5!35!:+)%;!2/8%30!5231!'$/!#2%+&&%,!'3!'$/!c+'/!:2/'+,/3(&>!#$/!&4.%''%08!35!930)=+0+! +0)! &(<&/J(/0'! &/+! 5.332! &42/+)%08! %0! '$/! #2%+&&%,! +..3=/)! 532! '$/! 5321+'%30! 35! '$/! #/'$*&! \,/+0!+0)!4+&&%L/!1+28%0!)/L/.341/0'!%0!'$/!9(.5!35!:+)%;!2/8%30!CR%8>!">I!QA>!B/4+2+'%30!35! '$/! Q52%,+0! +0)! [!PF4+0&%30!35!'$/!Q'.+0'%,!\,/+0!./)!'3!'$/!23'+'%30! 35!'$/![!`*!

!

"#$%&'! J)L*! YU0.%6#05! 0/! 6,'! -%./! 0/! 123#4)! C?! F'8040#@! !]A!E2/&/0'!)+*!1+28%0!&/'6(4>!C-"X!N!C40&'8B-#=&2.62&!"&2@6%&'! X05')! D58'&6! A&'8'568! 2! 8@,'726#@! 0/! 6,'! A2.2'06'@605#@! 8'6B%A)! T2.2'0$'0$&2A,9! 72A8! 703#/#'3!/&07!M.2;'9!

@K! ! '$/!c+'/!:2/'+,/3(&7!/F'/0&%30!!">I!QA>!#$%&!=+&!+! J(%/'!'%1/!%0!'$/!'/,'30%,!$%&'32*!35!'$/!9(.5!35!:+)%;7!=$%,$!'$/0!.+*!+''+,$/)!'3!'$/!Q52%,+0! E.+'/!CB2%L+&'+L+!/'!+.>!@TTNA>!!

!"!"#"! 6%2'(')*+*'2.%01%2*%+

W+L%08! ! ">I! `A>! :30L/28/0,/! =+&! %0%'%+..*! &1+..7! 13&'! .%-/.*! +<&32! ">"A! =%'$! 1%032! ,30L/28/0,/! %0! '$/! 9(.5! 35! :+)%;! 2/8%30! CM3/&'! +0)! B2%L+&'+L+! @TT@A>! `*! '$/! \.%83,/0/7! %0,2/+&/)! 2+'/&! 35! &$32'/0%08! ! ">I! :A>! Q0! /&'%1+'/)! "NN! -1! 35! Z6B! 32%/0'+'/)! &$32'/0%08! 3,,(22/)! )(2%08!'$/!\.%83,/0/!+0)!Y%3,/0/!CY+.)30+)3!/'!+.>!@TTTA>!Q&&3,%+'/)!'/,'30%,!13L/1/0'&! +.&3!+55/,'/)!'$/!2/8%30!&(,$!+&!<+,-6+2,!2%5'%08!+0)!3238/0/&%&>!!

!"!"#"7 8'0%3%%,+9'0/-5)'2+

:30'%0(/)!,30L/28/0,/!35!'$/!Q52%,+0!+0)!P(2+&%+0!4.+'/&!2/&(.'/)!%0!23..<+,-!+0)!+&&3,%+'/)! /F'/0&%30+.!2%5'%08!%0!'$/!a/&'/20!Y/)%'/22+0/+0!'$23(8$3('!'$/!\.%836Y%3,/0/>!:3142/&&%30! ./)!'3!4346(4!&'2(,'(2/&!+0)!13(0'+%0!<(%.)%08>![0!'$/!c+'/!Y%3,/0/7!/F'/0&%30+.!,3..+4&/!35! '$/! 2/&(.'%08! `/'%,! +0)! M%5! ! ">I! :A>! #$%&! 1+'/2%+.! 5321/)! +0! +,,2/'%30+2*! =/)8/! &6:%;'$*%'+E6;#F'077)1$*)&)24'/&#$9'G!+!'$%,-7!(0&'+<./!,$+3'%,!&/%&1%,!(0%'!'$+'!%&!,30'%0(%08! '3! 1%82+'/! =/&'=+2)&! )(/! '3! 3083%08! '/,'30%,! ,3142/&&%30! +0)! 82+L%'*! 8.%)%08! CR%8>! ">"A! CM3!@TTVG!R.%0,$!+0)!U+%.!@TTOG!Y+.)30+)3!/'!+.>!@TTTG!Y/)%+.)/+!/'!+.>! "NNKG!W/20X0)/;6Y3.%0+!/'!+.>!"NN^A>!!

!"!"#": $'3%02+3-;+

#3)+*7!+!,3142/&&%30+.!'/,'30%,!2/8%1/!%&!3083%08!%0!'$/!9(.5!35!:+)%;!+.'$3(8$!%'!%&!&.3=%08! +0)!13L%08!'3=+2)&!132/!&'+<./!,30)%'%30&!CM3&/0<+(1!/'!+.>!"NN"A!CR%8>!">I!]A>!#$/!P(2+&%+0! +0)! Q52%,+0! 4.+'/&! +2/! ,30L/28%08! +'! +! 2+'/!35! +4423F%1+'/.*!K!11l*2! %0! +! ZP6Ba! )%2/,'%30! CY+.)30+)3!/'!+.>!@TTTA>!#$/!Q9Rf!2/&(.'&!%0!&'2%-/6&.%4!'/,'30%,&!'3!'$/!=/&'!35!'$/!9(.5>!#3!'$/! P+&'7!13(0'%08!/L%)/0,/!43%0'&!'3=+2)&!+!2/8%30!35!532,/)!.%'$3&4$/2%,!&(<)(,'%30!35!3,/+0%,! ,2(&'!/+&'=+2)&!(0)/2!'$/!Q.<32+0!+0)!Y/)%'/22+0/+0!B/+&!CR%8>!">I!]A!C9('&,$/2!/'!+.>!"NN"A>!!

@_! ! #$/!2/&(.'%08!9(.5!35!:+)%;!,30'%0/0'+.!1+28%0!%&!,30L/F7!+4423F%1+'/.*!I_N!-1!.3087!+0)!2(0&! 5231!'$/!B'2+%'!35!9%<2+.'+2!'3!'$/!&3('$6=/&'/20!'%4!35!E32'(8+.!C:+4/!B'!U%0,/0'A>!#$/!1+28%0! ,3142%&/&!+!&$/.57!(44/2!+0)!.3=/2!&.34/&!+0)!+<*&&+.!4.+%0&!CR%8>!">KA>!Z3'/!'$+'!+!,30'%0/0'+.! 2%&/!%&!+<&/0'!5231!'$/!1+28%0>!#$/!&$/.5!<2/+-!%&!+'!+!=+'/2!)/4'$!35!@"N!G!@KN!1!+0)!'$/! ,30'%0/0'+.!&.34/!b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b+,/0'! )/43,/0'2/&!CB313;+!/'!+.>!"NNIG!W/20X0)/;6Y3.%0+!/'!+.>!"NN^G!c.+L/!/'!+.>!"NNV!!

!"!"! 0*%+/&(1+23)*,-%..)/(, #$/!9(.5!35!:+)%;!%&!)31%0+'/)!<*!'$/!=+'/2!/F,$+08/!!#$/!B'2+%'!35!9%<2+.'+2!C5231!$/2/630!'$/!9%<2+.'+2!9+'/=+*A!+..3=&!532!'$/! /F,$+08/!! "NNNG! Q1<+2! /'! +.>! "NN"G!

!

"#$%&'!J)[*!W'$#052.!=26,97'6&9!8,0:#5$!6,'!703'&5!329!72&$#5!8'6B%A!0/!6,'!-%./!0/!123#4)! MF!N!M'6#@!3072#5!F2&$#5O!-M!N!-%232.\%#U#&!M25;O!-F!N!-%232.\%#U#&!F2&$#5!<2.80!;50:5!28! 6,'!C.$2&U'!72&$#5?O!]F!N!]%3#='6#@!F2&$#5)!"&07!H'&5I53'4BF0.#52!'6!2.)!

@^! ! :+! "NN"G! 9+2,%+6c+5(/0'/! /'! +.>! "NN^G! c.+L/! /'! +.>! "NNV! Y(,$! 4$*&%,+.! 3,/+0382+4$%,!2/&/+2,$!$+&!! "NN^A>! #$/! Y\a! %&! ,3143&/)! 35! +! 1%F'(2/! 35! '=3! =+'/2! 1+&&/&! &3(2,/)! 5231! '$/! Y/)%'/22+0/+0! `+&%0?! '$/! c/L+0'%0/! [0'/21/)%+'/! a+'/2! +0)! +! &1+..! ,31430/0'!35!'$/!a/&'/20!Y/)%'/22+0/+0!]//4!a+'/2!CY%..3'!"NNTA>!#$%&!,30&'2%,'/)!<+&%0! =%'$!+2%)!,.%1+'/!423L%)/4'1)&;#$#)&4'()"'$*%'()":6$#)&')('!6":A'467#&%';%&4%'!6$%"')('HIJEA' IKBL' M! CQ1<+2! +0)! W3=/! @TVTA! 6$' 6' &2:@%"' )(' +@)$$):' !6$%"' 3#$1*%&49' 6")2&;' $*%' Y/)%'/22+0/+0!`+&%0>!#$/!a/&'/20!Y/)%'/22+0/+0!]//4!a+'/2!%&!5321/)!%0!'$/!9(.5!35!c%307! +0)!5%..&!'$/!`+&%0!! #$/! c/L+0'%0/! [0'/21/)%+'/! a+'/2! 5321&! %0! '$/! /+&'/20! Y/)%'/22+0/+0! `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c/88!/'! +.>!"NNTA! +0)!1%F%08! =%'$! 3L/2.*%08! Q'.+0'%,! a+'/2&! 2/&(.'&! %0! )/,2/+&%08! &+.%0%'*! +.308! '$/! 1+28%0! 5231! BP! '3! Za! C`+2%08/2! +0)! E2%,/! @TTVA>!PL/0'(+..*!'$/!Y\a!./+L/&!'$/!&/+!!@TTTA>!!

#$/! Y\a! %&! 2/&'2%,'/)! '3! +! ,32/! +4423F%1+'/.*! @N! -1! =%)/! +&! %'! +,,/./2+'/&! '$23(8$! '$/! 9%<2+.'+2!9+'/=+*>!Q.308!'$/!,30'%0/0'+.!&.34/!35!'$/!9(.5!35!:+)%;!$3=/L/27!'$/!Y\a!,+0! /F,//)! ON! -1! %0!=%)'$! 5321%08! +! <23+)!'+<(.+2! =+'/2! 1+&&! C`+2%08/2! +0)! E2%,/! @TTVA>! #=3! )%&'%0,'!<3''31!,(22/0'!,32/&!53217!+0)!&4.%'!%0'3!<2+0,$/&!,30'+%0/)!=%'$%0!/23&%L/!,$+00/.&>! c+'/!:/03;3%,!0/3'/,'30%,&!$+L/!,2/+'/)!)%+4%2%,!2%)8/&!3<.%J(/.*!'3!'$/!Y\a!5.3=!)%2/,'%30>! #$/&/!2%)8/&!$+L/!(0)3(<'/).*!! ">_A7! +.'$3(8$! )/0&%'*6)2%L/0! .+*/2%08! =%'$%0! '$/! =+'/2! 1+&&! $+&! +.&3! ! E2%0,%4+.! =+'/2! ,32/&! +2/?! +! 1+%0! Y/)%'/22+0/+0! H44/2! a+'/2! ,32/7! +0)! +! Y/)%'/22+0/+0! c3=/2! :32/! '$+'! 5(2'$/2! &(<)%L%)/&! %0'3! +0! [0'/21/)%+'/!<2+0,$7!E2%0,%4+.!<2+0,$!+0)!B3('$/20!`2+0,$!Cc.+L/!/'!+.>!"NNV!">_A>!P+,$! <2+0,$! )/130&'2+'/&! (0%J(/! 4$*&%,+.! 4234/2'%/&7! &(,$! +&! &+.%0%'*7! '/14/2+'(2/! +0)! +L/2+8/! L/.3,%'*!Cf/0-!@TVNG!Q1<+2!+0)!W3=/!@TVTG!Q1<+2!/'!+.>!"NN"G!`32/0+&!/'!+.>!"NN"A>!\L/2+..7!

@V! ! "#$%&'!J)_*!+,'!A&'8'56!329!70&A,0.0$9!253! 6,'! 0@'250$&2A,#@! 8'6! %A! 0/! 6,'! -%./! 0/! 123#4)! +,'! F'3#6'&&25'25! G%6/.0:! E26'&!

'$/! H44/2! :32/! %&! +! &1+../27! =+21/27! ./&&! &+.%0/! =+'/2! 1+&&! =$/0! ,314+2/)! '3! '$/! $%8$.*! &+.%0/!c3=/2!:32/!=$%,$!+L/2+8/&!"N6IN!,1!&6@!Cc.+L/!/'!+.>!"NNV!!

#$/!13L/1/0'!35!=+'/2!1+&&/&!'$23(8$!'$/!9%<2+.'+2!9+'/=+*!=+&!5%2&'!2/,32)/)!%0!'$/!/+2.*! @TNN&!CZ%/.&/0!@T@"A!+0)!&%0,/!'$/07!0(1/23(&!&'()%/&!$+L/!&$3=0!'$+'!4$*&%,+.!4234/2'%/&! $+L/!2/1+%0/)!5+%2.*!,30&'+0'>!#$/2/!%&!132/!,30'23L/2&*!&(223(0)%08!'$/!4+.+/36/L3.('%30!35! '$/!Y\a>!]+'+!5231!'$/!Y/)%'/22+0/+0!`+&%0!&$3=&!'$+'!'$/!Y/&&%0%+0!B+.%0%'*!:2%&%&!/0)/)! %0!'$/!.+'/&'!Y%3,/0/!C`+,$/!/'!+.>!"N@"A>!#$%&!&%80%5%/&!'$+'!'$/!9%<2+.'+2!9+'/=+*!34/0/)!+'! '$%&! '%1/! &3! '$+'! '$/! /F,$+08/! 35! =+'/2! =+&! 43&&%<./! ! #$/! )+'/! 35! '$/! %0%'%+'%30! 35! '$/! Y\a! %&! %0! )%&4('/7! <('! %'! %&! 8/0/2+..*! +,,/4'/)! '$+'! <3''31! =+'/2! 5321+'%30! %0! '$/! Y/)%'/22+0/+0! %0%'%+'/)! &31/'%1/! +5'/2! '$/! %05.(F! 35! '$/! Q'.+0'%,! =+'/2! %0'3! '$/! <+&%07! 423<+<.*!%0! '$/! P+2.*!'3!Y%)6E.%3,/0/! CW&m! /'! +.>! @TVIG!`.+0,!/'!+.>!"NN"G!c.+L/!/'!+.>!"N@@G!`+,$/!/'!+.>!"N@"A>!B%0,/!'$+'!'%1/7!L+2%+'%30&!%0!'$/! Y\a! +2/! ,./+2! 5231! 423F*! )+'+! +0)! '$/! $%8$! ,*,.%,%'*! 3<&/2L/)! %0! +,3(&'%,! )+'+>! g/*! 3<&/2L+'%30&!+2/?!@A!B/L/2+.!+('$32&!$+L/!)/130&'2+'/!+!132/!L%8323(&!.3=/2!<2+0,$!35!'$/! Y\a!)(2%08!8.+,%+.!'%1/&!C:+,$3!/'!+.>!"NNNG!W/20X0)/;6Y3.%0+!/'!+.>!"NNIG!"NN^G!c.+L/!/'!+.>! @O! ! "NN^AG!"A!#$%&!%&!<+,-/)!(4!<*!3'$/2!=32-!'$+'!43%0'&!'3!+!132/!L%8323(&!(44/2!<2+0,$!35!'$/! Y\a!)(2%08!'$/!2/,/0'!$%8$&'+0)!4/2%3)!CB'3=!/'!+.>!"NN"+G!`2+,-/02%)8/!/'!+.>!"N@@AG!IA!Z/=! =32-! &(88/&'&! '$+'! '$/!3('5.3=!=+'/2&! +2/! $%8$.*! )*0+1%,! +0)! 13L/! (4! +0)! )3=0&.34/! 30! 0(1/23(&!'%1/&,+./&>!#$%&!%&!.%0-/)!'3!,$+08%08!2/.+'%L/!)/0&%'%/&!!"NN_G!"N@"A>!

!"!"4 5&/.&61).%,7%2&8).)&/+',-98.%:, #$/!Y\a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

#$/!9(.5!35!:+)%;!,30'3(2%'/!)/43&%'%30+.!&*&'/1!CR%8>!">^A!%0%'%+'/&!=$/2/!'$/!Y\a!3L/2&4%..&! %0'3! '$/! Q'.+0'%,! \,/+0! +&! +! $%8$.*! &+.%0/! )/0&/! =+'/2! 1+&&! +0)! %&! +,,/./2+'/)! '$23(8$! '$/! 0+223=!,30)(%'!=$%,$!,300/,'&!'$/!'=3!3,/+0&?!'$/!9%<2+.'+2!9+'/=+*!CW3=/!@TO"A>!R/+'(2/&! %0!'$/!/+&'/20!9(.5!35!:+)%;!+2/!,.3&/.*!'%/)!'3!'$/!/23&%L/!,+4+,%'*!35!'$/!<3''31!=+'/2!1+&&! C%>/>! %'&! L/.3,%'*A! +0)! '$/! .3,+.! &/+! ! "NN^A! =%'$! .+'/2+..*!/F'/0&%L/!+<2+)/)!&(25+,/&!%0!'$/!/+&'!13L%08!'3!)%&,2/'/!,30'3(2%'/!,$+00/.&!=$/2/! 3(',2344%08!)%+4%2%,!&'2(,'(2/&!1+0%4(.+'/!'$/!<3''31!=+'/2!,32/>!:30'3(2%'/!13+'&!3,,(2!%0! '$/! 032'$! 35! '$/! 9(.5! 35! :+)%;! +0)! +2/! +&&3,%+'/)! =%'$! .+28/6&,+./! )/43&%'%30+.! 5/+'(2/&>! Q! L+2%/'*!35! ,30'3(2%'/! 13)/20!+0)! <(2%/)! )2%5'! '*4/&! +2/!3<&/2L/)! +.308! '$/!1+28%07! 0+1/.*! /.308+'/!13(0)/)7!&$//'/)7!4.+&'/2/)!+0)!5+0!)2%5'&>!#$/2/!%&!+.&3!+!<23+)!'2/0)!35!)/,2/+&%08! 1/+0! 82+%0! &%;/! +.308! '$/! 1+28%0! +&! '$/! '2+0&432'! ,+4+,%'*! 35! '$/! Y\a! )/,2/+&/&! =%'$! )%&'+0,/!5231!'$/!9%<2+.'+2!9+'/=+*>!]/'+%./)!%0L/&'%8+'%30&!35!'$/!&*&'/1!$+&!/F43&/)!5%L/! )%&'%0,'!!+:)"5*)4%;#:%&$6"8'!4%1$)"49!!CW+<833)!/'!!+.>!!"NNIG!!"NN^G!!W/20X0)/;6Y3.%0+!/'!!+.>!

@T! ! "N !

!

"#$%&'!J)^!<0U'&.'2/?*!+,'!70&A,08'3#7'562&9!8'@60&8!28!.2#3!0%6!=9!H'&5I53'4BF0.#52!'6!2.)!27A.'8!/&07!06,'&!8'@60&8)!

! ! "NNIG! "NNV! "NN@A! /+,$! &$3=%08! )%55/2/0'! ,$+2+,'/2%&'%,&! +0)! )/43&%'%30+.l/23&%30+.! 5/+'(2/&>! #$/*! +2/! 0+1/)! +&?! @A! E23F%1+.! &,3(2! +0)! &+0)! 2%<<30&! &/,'32G! "A! \L/25.3=6&/)%1/0'+2*! .3! ">^A>! #$/! 1324$3&/)%1/0'+2*! ,$+2+,'/2%&'%,&!35!/+,$!&/,'32!+2/!)/'/21%0/)!<*!0(1/23(&!%0'/2.%0-%08!5+,'32&!%0,.()%08!'$/! )/,/./2+'%30! 35! '$/! Y\a! +&! %'! 5.3=&! =/&'=+2)&! +0)! %'&! %0'/2+,'%30! =%'$! '$/! &/+! 5.332! CW/20X0)/;6Y3.%0+! /'! +.>! "NN^A>! #$/! 42%0,%4+.! ,$+2+,'/2%&'%,&! 35! /+,$! &/,'32! +2/! 3('.%0/)! $/2/%0>!!

!"!"7"# <%*5'0+#=+,0'>)/-4+&*'?0+-23+0)@@'2&+&%*5'0+

C*%'+5")N#:67'41)2"'6&;'"#@@)&4'4%1$)"9'#4')&%')('$*%':6#&'()124'6"%64')('$*#4'"%4%6"1*'6&;'!64' 5%2&'!%)/0'%5%/)!+0)!)/&,2%!B%0,/!'$+'!&'()*7!<+'$*1/'2%,! %1+8%087!&%)/6&,+0!&30+27!<3''31!4$3'382+4$&!+0)!&/)%1/0'!&+14.%08!$+&!+%)/)!,$+2+,'/2%&%08! '$%&!2/8%30!CW+<833)!/'!+.>!"NNIG!Y(.)/2!/'!+.>!"NNIG!W+0J(%/;!/'!+.>!"NNVA>!#$%&!&/,'32!,30&%&'&! 35!$%8$!/0/28*!<3''31!,(22/0'!+0)!82+L%'*6)2%L/0!3L/25.3=!5/+'(2/&>!E23F%1+.!'3!'$/!9%<2+.'+2! 9+'/=+*7!'$/!'(2<(./0'7!82+L%'*!)2%L/0!,+&,+)/!35!'$/!Y\a!3L/2!'$/!:+1+2%0+.!B%..!Cc/88!/'!+.>! "NNTA! $+&! 2/&(.'/)! %0! '=3! )//4! /23&%30+.! ,$+00/.&! +0)! 3(',234! 5/+'(2/&! )31%0+'%08! CW/20X0)/;6Y3.%0+!/'!+.>!"N@KA>!Y3&'!2/,/0'.*7!+!0/=!)+'+!+,J(%&%'%30!,+14+%80!C&//!:$+4'/2! IA! $+&! %)/0'%5%/)! +))%'%30+.! )/43&%'%30+.! )2%5'! 5/+'(2/&>! E.+&'/2/)! )2%5'&! +2/! &//0! +.308! '$/! (44/2! &.34/7! +0)! '=3! 13(0)/)! )2%5'&! +,23&&! '=3! <23+)! /23&%30+.! '/22+,/&! CR%8>! ">VA! CW/20X0)/;6Y3.%0+! /'! +.>! "N@KA>! #$/! '=3! '/22+,/&! C3L/2! "NNN! -1"! %0! +2/+A! 5321! +! 1+b32! +<2+)/)!&(25+,/!!">VA!CW/20X0)/;6Y3.%0+!/'!+.>! "N@KA>!#$%&!&(25+,/!%&!)31%0+'/)!<*!/23&%30+.!423,/&&/&?!&/%&1%,!2/5./,'%30&!&$3=!'2(0,+'%30! +0)!+.%80/)!5/+'(2/&!'$+'!+2/!U6&$+4/)!%0!,23&&!&/,'%307!%0'/242/'/)!+&!/23&%L/!&,3(2&!32!8%+0'! 5(223=&! CW/20X0)/;6Y3.%0+! /'! +.>! "NN^A>! Y3&'! 423F%1+.! '3! '$/! 9%<2+.'+2! 9+'/=+*7! 23,-! 3(',234&!30!'$/!&/+!! "NNIA>! Q..! '$/&/! 5/+'(2/&! &(88/&'! +! $%8$.*!L%8323(&!,(22/0'!2/8%1/!+.308!'$/!23('/!35!'$/!Y\a!423F%1+.!'3!'$/!9%<2+.'+2!9+'/=+*>! #$/2/!+2/7!$3=/L/27!&31/!)/43&%'%30+.!5/+'(2/&!%0!'$%&!&/,'327!&(88/&'%08!+!2/)(,'%30!%0!Y\a! L/.3,%'*!C+0)!'$(&!&/)%1/0'!'2+0&432'!,+4+,%'*A!13L%08!+=+*!5231!'$/!9%<2+.'+2!9+'/=+*!'3! '$/!Za!+0)!.+'/2+..*!5231!'$/!Y\a!,32/!'3!'$/!/+&'!+0)!=/&'!CY(.)/2!/'!+.>!"NNIA>!92+L/.!+0)! &+0)!.+8!)/43&%'&!8%L/!=+*!'3!&+0)!2%<<30!+0)!=+L/!)/43&%'&>!B+0)!=+L/&!+2/!&//0!30!L+2%3(&! &,+./&! +0)! ,+0! ! "NNVA>! \2%/0'+'%30&! 35! +..! 5/+'(2/&! 53..3=!'$/!23('/!35!'$/!Y\a!+.308&.34/!+&!%'!./+L/&!'$/!9%<2+.'+2!9+'/=+*!=/&'=+2)!+0)!'$/0! !!

"@! ! !

"#$%&'!J)`*!M26,97'6&9!#5!]'@60&!(O!6,'!A&0>#72.!8@0%&8!253!&#==058!8'@60&)!F2#5!3'A08#6#052.! 253!'&08#052.!/'26%&'8!#53#@26'3)!"&07!H'&5I53'4BF0.#52!'6!2.)!

!"!"7"! <%*5'0+!=+'.%094'AB&%3)/%25-0;+4'@%+&%*5'0+ c3,+'/)! )3=0&.34/! +0)! &/+=+2)! 35! B/,'32! @7! '$%&! &/,'32! %&! +.&3! 35! %0'/2/&'! %0! '$%&! &'()*! 30! +,,3(0'! 35! %'&! &+0)62%,$! ,30'3(2%'/! )/43&%'&>! c3,+'/)! ! "NN^A!CR%8>!">^A>!

#$/!.+28/&'!)/43&%'%30+.!5/+'(2/!%0!'$%&!&/,'32!%&!+!.+28/!,30'3(2%'%,!)2%5'!'$+'!<32)/2&!=%'$!'$/! +5")N#:67'41)2"'6&;'"#@@)&4'4%1$)"9B'C*%"%'*64'@%%&'4):%'1)&(24#30!+&!'3!'$/!32%8%0!35!'$%&! +,,(1(.+'%307!=%'$!+('$32&!0+1%08!%'!+!&+0)!<+0-!Cg/0*30!+0)!`/.)/2&30!@TVIA7!&+0)!2%)8/! CW+<833)!/'!+.>!"NNIA7!,30'3(2%'%,!./L//!CY(.)/2!/'!+.>!"NNIG!W+0J(%/;!/'!+.>!"NNVA7!+0)!13&'! 2/,/0'.*7! +! ,30'3(2%'/! )2%5'! C`2+,-/02%)8/! /'! +.>! "N@I! #$%&! .+28/! ,30'3(2%'/! +,,(1(.+'%30!%&!'344/)!<*!+0!/F'/0&%L/!&/)%1/0'!=+L/!5%/.)!CW+<833)!/'!+.>!"NNIA!'$+'!'/0)&! '3!!@TTIA7!!"NNIA>!!

""! ! [0,%&%08! %0'3! '$/&/! &/)%1/0'! =+L/! 5%/.)&! +2/! +! &/2%/&! 35! )3=0&.34/632%/0'+'/)! ,$+00/.&! +0)! 5(223=&>!B31/7!4+2'%,(.+2.*!'$/!1%032!,$+00/.&7!$+L/!&31/!3<.%J(/!32%/0'+'%30>!#$/!.+28/&'!35! '$/&/!,$+00/.&!%&!'$/!9%.!P+0/&!:$+00/.!CR%8>!">^A7!=$%,$!/F'/0)&!532!KN!-1!)3=0!'3!@"NN!1! =+'/2!)/4'$!CW+<)33)!/'!+.>!"NNIA>!#$/!9%.!P+0/&!:$+00/.!+0)!'$/!'=3!3'$/2!1+b32!,$+00/.&!%0! '$%&! &/,'32! +2/! <23+).*! (6&$+4/)! %0! ,23&&! &/,'%307! ,30'+%0! <%3,.+&'%,!&+0)&! %0! '$/%2! +F/&7!+0)! $+L/!&/)%1/0'!.3!#$/!32%8%0!35!'$/&/!.3!"N@"A7!+0)!%0)(,/)!82+L%'*!423,/&&/&!%0!'$%&!&/,'32!CW+0J(%/;!/'! +.>!"N@NA>!#$/!.3!!

R(2'$/2!5/+'(2/&!35!03'/!%0!'$%&!&/,'32!+2/!1()!L3.,+03/&7!=$%,$!5321!'34382+4$%,!$%8$&!30!'$/! &/+!!"NNIG!W+0J(%/;!/'!+.>!"N@NA>!#$/*!+.&3!$+L/! %1432'+0'!23./&!+&!,30)(%'&!532!8+&!1%82+'%30!+0)!/&,+4/!C]%+;6)/.6M%3!/'!+.>!"NNIG!R/20+0)/;6 E(8+!/'!+.>!"NNVA>!!

!"!"7"7 <%*5'0+7=+*C-22%4+-23+0)31%&+&%*5'0+

[0! '$%&! &/,'327! )%+4%2%,! 2%)8/&! 32%/0'+'/)! 4/24/0)%,(.+2! '3! Y\a! 5.3=! CB313;+! /'! +.>! "NNIG! R/20+0)/;6E(8+! /'! +.>! "NNVG! Y/)%+.)/+! /'! +.>! "NNTG! #+&%+0+&! "N@NA! +0)! 3'$/2! '/,'30%,! <+&/1/0'! $%8$&! CU/8+&! /'! +.>! "NNKG! M3J(/! "NNVA! 5321! 1324$3.38%,! 3<&'2(,'%30&! +0)! ,2/+'/! )%&'%0,'!,$+00/.&!'$23(8$!=$%,$!'$/!Y\a!8/0/2+'/&!'=3!,32/&?!'$/!Y/)%'/22+0/+0!(44/2!+0)! .3=/2! =+'/2&! Cc.+L/! /'! +.>! D5! T&'88A! CR%8>! ">_G! ">^A>! #$/! 2/&(.'! %&! +! 1324$3.38%,+..*6532,/)! +,,/./2+'%30! 35! '$/! <2+0,$/&! 35! '$/! Y\a7! ./+)%08! '3! +! $%8$/2! /23&%30+.! ,+4+,%'*! +0)! '$/! 5321+'%30! 35! ,$+00/.&! %0! '$%&! &/,'32>! #$/*! =/2/! 5%2&'! )/&,2%! C@TTIA! +0)! &'()%/&!%0!'$%&!&/,'32!+2/!,30'%0(%08!'3)+*!C`+2+;+!/'!+.>!@TTTG!Z/.&30!/'!+.>!@TTTG!W+<833)!/'! +.>! "NNIG!Y(.)/2! /'! +.>!"NNIG! c.+L/! /'!+.>! "NNV+G! 9+2,%+!/'!+.>! "NNTG! B'3=! /'! +.>! "N@I! R%L/! 1+b32!,$+00/.&7!+0)!K!1%032!,$+00/.&!$+L/!!C"NNTA!CR%8>!">^A>! #$/!1+b32!,$+00/.&!+2/!0+1/)!5231!'$/!(44/2!,30'%0/0'+.!&.34/!&/+=+2)G!'$/!9(&+037!W(/.L+7! ]%/83! :+37! 9(+)+.J(%L%2! +0)! :+)%;! ,$+00/.&! +0)! 2/+,$! ./08'$&! 35! 3L/2! @NN!-1! CW/20X0)/;6 Y3.%0+!/'!+.>!"NN^A>!H0.%-/!'$/!,$+00/.&!+0)!5(223=&!%)/0'%5%/)!%0!B/,'32!"7!'$/&/!,30'3(2%'/! ,$+00/.&!'/0)!'3!!"N@I!

#$/&/! ,$+00/.&! %0,%&/! %0'3! (44/2! &.34/! &$//'/)! )2%5'&! +0)! 1%)6&.34/! )/5321/)! &$//'/)! +0)! <(2%/)! 13(0)/)! )2%5'&! CW/20X0)/;6Y3.%0+! /'! +.>! "NN^G! c.+L/! /'! +.>! "NNV+A>! #$%&! %0)%,+'/&! +! 2/.+'%L/.*!2/,/0'!)/L/.341/0'!2/.+'%08!'3!+!.3,+.!/0$+0,/1/0'!35!'$/!Y\a!)(/!'3!'$/!823='$! 35!'$/!)%+4%2%,!2%)8/&!%0!'$/!/+&'!35!'$%&!&/,'32>!`(2%/)!13(0)/)!)2%5'&!%0)%,+'/!+!,$+08/!%0!'$/! $*)23)*0+1%,!&/'6(4!35!'$%&!&/,'32!%0!'$/!1%)6E./%&'3,/0/!Cc.+L/!/'!+.>!"NNV+A>!

"I! ! #$/! )//4/&'! ,$+00/.7! '$/! :+)%;! ,$+00/.7! $+&! ! C"N@I!@TTIA>!#$/*!+2/!'$/2/532/!35! 82/+'!%0'/2/&'!%0!'$%&!2/&/+2,$>!

!"!"7": <%*5'0+:=+-*5).%+*'25'?0)5%+30)95+&%*5'0+

R%2&'!2/,380%&/)!%0!'$/!/+2.*!@TON&7!,30'3(2%'/!)2%5'&!1+-/!(4!'$%&!3L/2+..!)/43&%'%30+.!)31+%0! CY3(8/03'! +0)! U+00/*! @TO"G!R+(8S2/&!/'!+.>! @TOKG! 930'$%/2! /'! +.>!@TOKG! B'3=! /'! +.>!@TO^A>!! W%8$! &/)%1/0'! '$%,-0/&&/&! 1/+0! '$+'! '$%&! &/,'32! &$3=&! '$/! 13&'! ,314./'/! 2/,32)! 35! '$/! Y/)%'/22+0/+0!\('5.3=>!Q&!+!2/&(.'7!1(,$!2/&/+2,$!$+&!,30'%0(/)!%0!'$%&!&/,'32!Cc.+L/!/'!+.>! "NN@G!"N@@G!"N@NG!M3J(/!/'!+.>!"NN"+G!"N@"G!c34/&!/'!+.>!"NN^G!`2+,-/02%)8/!/'!+.>!"N@I!"N@I+A>!

#$/!R+236Q.<(5/%2+!/.308+'/!13(0)/)!)2%5'&!5321!'$/!13&'!&/%&1%,+..*!&4/,'+,(.+2!5/+'(2/!%0! '$/!&/,'327!=%'$!'$/!+&&3,%+'/)!/23&%L/!Q.L+2/;6:+<+.!,30'3(2%'/!13+'!&/4+2+'%08!'$/1!5231! '$/! ,30'%0/0'+.! &$/.5! +0)! 5(00/..%08! '$/! Y\a! =/&'=+2)&! CR%8>! ">^G! ">OA>! Z+1/)! /.308+'/6 13(0)/)!(&%08!'$/!R+(8S2/&!/'!+.>!C@TTTA!)2%5'!,.+&&%5%,+'%30!&,$/1/!<+&/)!30!'$/%2!/F'/20+.! 1324$3.38*7! '$/&/! )2%5'&! &$3=! %142/&&%L/! (4&.34/! 42382+)+'%30! 4+''/20&! +0)! .+'/2+..*6 /F'/0&%L/! /23&%30+.! )%&,30'%0(%'%/&! '$+'! ,+0! ! B(,$! 5.(,'(+'%30&! +2/! '$3(8$'! '3! %)7)>#167' +5274#&>9' Cc.+L/! /'! +.>! "NN@G! B'3=! /'! +.>! "N@@! ]3=0&.34/7! +0)! +&&3,%+'/)! =%'$! '$/! R+236Q.<(5/%2+! /.308+'/! 13(0)/)! )2%5'&! +2/! +! &/'! 35! +882+)+'%30+.!&$//'/)!,30'3(2%'/!)2%5'&G!'$/!R+236:+)%;7!'$/!`+2'3.31/(!]%+&!+0)!'$/!Q.<(5/%2+! )2%5'&!CW/20X0)/;6Y3.%0+!/'!+.>!"NN^G!c.+L/!/'!+.>!"N@@G!M3J(/!/'!+.>!"N@"A>!

!

"#$%&'! J)V*! +,'! "2&0BC.=%/'#&2! '.05$26'! 70%53'3! 3&#/6a! 253! 2880@#26'3! @0560%'! 7026)! Z0@26'3!#5!8'@60&![a!6,)+:,6%(;)+6#$%#&'(%)+/'(5%+*)6%#'<=+"&07!Z.2U'!'6!2.)!

"K! ! #$/!)2%5'&!%0!'$%&!&/,'32!$+L/!5321/)!1(,$!35!'$/!<+&/!=32-!532!'$/!,2/+'%30!35!'$/!,30'3(2%'/! 5+,%/&!13)/.!C930'$%/2!/'!+.>!@TOKG!B'3=!/'!+.>!@TO^G!B'3=!+0)!R+(8S2/&!"NNOA>!Q.'$3(8$!'$/! <(.-! 35! '$/! ,30'3(2%'/! &/)%1/0'&! +2/! 1()6)31%0+'/)7! )%&,2/'/! '$%0! &+0)*! .+*/2&! $+L/! !"N@I,G!B'3=!/'!+.>!"N@I+A>!E2%32!'3!/.308+'/6 13(0)/)! )2%5'! )/L/.341/0'! %0! '$/! D(+'/20+2*! Cc.+L/! /'! +.>! "N@@A7! 1(.'%4./! 423,/&&/&! =/2/! 3083%08! =%'$! 1+&&! =+&'%087! '(2<%)%'%,! +0)! ,30'3(2%'%,! 1%F/)! )/43&%'%30! '$23(8$3('! '$/! E.%3,/0/!C`2+,-/02%)8/!/'!+.>!"N@I!"N@I+A>!

!"!"7"D <%*5'0+D=+&?@/-0)2%+*-2;'2&+&%*5'0+

C*%' !%4$%"&:)4$' )(' $*%' O27(' )(' E6;#F' 4%1$)"4A' $*%' +42@:6"#&%' 16&8)&4' 4%1$)"9' #4' 76">%78' )31%0+'/)!<*!)3=0&.34/!/23&%L/!5/+'(2/&!+0)!1())*!4.+&'/2/)!+0)!&$//'/)!,30'3(2%'/!)2%5'&! CW/20X0)/;6Y3.%0+!/'!+.>!"NN^G!M3J(/!/'!+.>!"N@"A>!Q.'$3(8$!'$%&!&/,'32!,30'+%0&!03!&(<&'+0'%+.! &+0)62%,$! ,30'3(2%'/! )/43&%'&7! %'! )/130&'2+'/&! '$/! %0'/2+,'%30! !"NNVG!"N@NA>!#$/!.+28/&'!5/+'(2/!35!'$/!&/,'32!%&!'$/! E32'%1+3! :+0*30! 32%/0'+'/)! )3=0&.34/! CZP6BaA7! =%'$! '$/! &1+../2! c+83&7! B+82/&! +0)! B+0! U%0,/0'/!,+0*30&!+.&3!5321%08!&%80%5%,+0'!5/+'(2/&!30!'$/!&/+!!">^A>!#$/&/!,+0*30&!+2/! &(223(0)/)!<*!,30'3(2%'/!)/43&%'&7!0+1/)!'$/!c+83&7!E32'%1+3!+0)!B+82/&!&$//'/)!)2%5'&!+0)! '$/! 1%032!c+83&!/.308+'/!13(0)/)! )2%5'!Cc.+L/!/'! +.>! "NN@A>! [0'/2!"N@NA>!

C*#4'4%1$)"';#((%"4'>"%6$78'("):'$*%'6;D61%&$'+61$#?%'1)&$)2"#$%';"#($'4%1$)"9')&'611)2&$')('$*%' ,+4'(2/! 35! '$/! Y\a! +&! %'! 4+&&/&! 3L/2! '$/! E32'%1+3! :+0*30! CY+2,$/&! /'! +.>! "NNVA>! #$%&! %&! /L%)/0,/)! +&! +! ,$+08/! %0! )/43&%'%30+.! )2%5'! '*4/7! +! &%80%5%,+0'! 2/)(,'%30! %0! <3''31! ,(22/0'! L/.3,%'*7!+0)!+!)/,2/+&/!%0!+L/2+8/!82+%0!&%;/!+,23&&!'$/!,+0*30!CY(.)/2!/'!+.>!"NN^G!Y+2,$/&! /'!+.>!"NNVA>!#$%&!$+&!%1432'+0'!%14.%,+'%30&!532!'$/!,30'23.&!30!,30'3(2%'/!&+0)!)/43&%'%30!+0)! )3=0&.34/l+.308&.34/!423,/&&!%0'/2+,'%30>!!

#$/!9(.5!35!:+)%;!,30'3(2%'/!)/43&%'%30+.!&*&'/1!/0)&!=$/2/!'$/!Y\a!./+L/&!'$/!&/+!!#$/!Y\a!'(20&!032'$!+0)!53..3=&!'$/!=/&'/20![!#$/2/!%&!&31/!/L%)/0,/!532!.3,+.!42/&/0'!)+*!%0'/2+,'%30!=%'$!'$/!=/&'/20! E32'(8(/&/! 1+28%0! CQ.L/&! /'! +.>! "NNIA7! +0)! =$/0! %'! 2/+,$/&! '$/! 032'$=/&'! [! W/2/7! '$/! Y\a! %&! 42/&/0'! 30! '$/! &/+! 5.332! CR%n;+! /'! +.>! @TTOA! +0)! $+&! 5321/)! &/L/2+.! ,30'3(2%'/!)/43&%'%30+.!&*&'/1&!+.308!'$/!9+.%,%+0!+0)!:+0'+<2%+0!,30'%0/0'+.!1+28%0&!CP2,%..+! /'!+.>!"N@NG!Y/0+!/'!+.>!"N@NG!U+0!M33%b!/'!+.>!"N@NG!W/20X0)/;6Y3.%0+!/'!+.>!"N@@+G!Q./b3!/'!+.>! "N@"G!`/0)/2!/'!+.>!"N@"A>! "_! ! ! ! ! ! ! 80#0*2*9-#4%&%:%1;* !

*

!

! !

"^! ! < 6/#/,1,7+#3%&%8%09* !

7"# 8.'.90+',--

#$%&! &'()*! ('%.%&/&! L+2%3(&! '*4/&! 35! )+'+! +0)! 35! )%55/2%08! L%0'+8/&! CR%8>! I>@G! #+<./! I>@A>! #$/! 1+b32%'*!35!'$/!)+'+!(&/)!'3!,$+2+,'/2%&/!'$/!/+&'/20!9(.5!35!:+)%;!&+0)&!=+&!,3../,'/)!+<3+2)! '$/!B,%/0'%5%,!:2(%&/!:\Z#\HM[`PM6@!=$%,$!&+%./)!%0!\,'3!Q))%'%30+.!)+'+!5231!3'$/2!&/,'32&!35!'$/!9(.5!35!:+)%;!+2/!35! )%55/2/0'!L%0'+8/&!+&!3('.%0/)!!!

!

"#$%&'!L)(*!107A#.26#05!0/!6,'!3262!%8'3!#5!6,'8#8!&'8'2&@,)!+:0!8'#87#@!8%&U'98!,2U'!=''5!%8'3! :#6,!2!A2&280%53!3262B8'6!#5!6,'!'286'&57086!-%./!0/!123#4)!D5!233#6#05a!2!5':.9!2@\%#&'3!8'6!0/! $&2U#69!@0&'8!:28!@0..'@6'3!#5!6,'!'286'&57086!8'@60&!

!

!

"V! ! :#%#(;<$&( :#%#=>&%( ?@#1%/%<( -/A&(B@>&C(/1(%"/>(>%@C"I!1! :\Z#\HM[`PM!E%&'30!:32/! I! @K!1! B/)%1/0'!:32/! ZPM:!E%&'30!:32/! ^! "_!1! [\]E!:30L/0'%30+.!:32/! I! "^!1! 92+%0!&%;/!]+'+! :\Z#\HM[`PM!&+14./! VT@! 0l+! ]+'%08! @K:!]+'%08! @_! 0l+! +2=.'!L)(*!Z#86!0/!3262!%8'3!#5!6,#8!86%39)!!

4"#"# ;*&68.)*,7+.+, Z/=!"]!&/%&1%,7!4+2+&3(0)7!+0)!<+'$*1/'2%,!)+'+6&/'&!=/2/!,3../,'/)!+,23&&!'$/!/+&'/2013&'! 9(.5! 35! :+)%;>! Q..! '$/&/! 2/13'/! &/0&%08! )+'+6&/'&! =/2/! ,3../,'/)! 30! '$/! B,%/0'%5%,! :2(%&/! :\Z#\HM[`PM6@!=$%,$!&+%./)!%0!\,'3!Q!'3'+.!35!oVON!-1!35!&/%&1%,!+0)!4+2+&3(0)! =+&! +,J(%2/)! '3! 5321! '$/! 1+%0! '%/! !#$/!<+'$*1/'2%,!)+'+!8%L/&!+!833)!%142/&&%30!35!'$/!13)/20!)+*!1324$3.38*!35! '$/!1+28%0>!!

#$/!JQ!8'#87#@!3262B8'6a!,30&%&'%08!35!"V!.%0/&!CR%8>!I>@A7!=+&!+,J(%2/)!(&%08!+!&%08./6,$+00/.! 1%0%6&'2/+1/2! '+28/'%08! '$/! &$+..3=! C(4! '3! +4423F>! "! -1A! &/)%1/0'>! Q! &.//L/8(0! +0)! $*)234$30/!+22+*!=+&!'3=/)!! g/*! '2+0&/,'&! =/2/! 2/,32)/)! '3! ,314./1/0'! '$/! +,,314+0*%08!<+'$*1/'2%,!&(2L/*!+0)!.3+)/)!%0'3!'$/!&/%&1%,!&35'=+2/!E/'2/.!">V!532!+0+.*&%&>! #$/!5%0+.!&/%&1%,!&/,'%30&!+2/!35!13)/2+'/!J(+.%'*!=%'$!L+2*%08!&%80+.?03%&/!<+&/)!30!'$/!=+'/2! =+L/!,30)%'%30&!+'!'$/!'%1/!35!+,J(%&%'%30>!E/0/'2+'%30!%&!30!'$/!32)/2!35!"!1&!=%'$!+!03'/)! 2/)(,'%30!%0!J(+.%'*!_!1&!#a#>!Q0!+,,314+0*%08!A2&280%53!3262B8'6! ,314./1/0'&! '$/!,32/!)+'+!%0!'$/!2/8%30!CR%8>!I>"A>!E+2+&3(0)!)%55/2&!5231!&/%&1%,!)+'+!)(/!'3!'$/!52/J(/0,*! 35!'$/!/0/28*!&3(2,/!(&/)>!#$/!$%8$!52/J(/0,*!+,3(&'%,!&3(2,/!+..3=&!532!'$/!'34!1/'2/&!35!'$/! &(<&(25+,/! '3! ! #$%&!+..3=&! 532! %'! '3! ! R%0+..*7! +! 0/=! =26,97'6&#@! 3262B8'6! =+&! 8+'$/2/)!(&%08!+!)//4!=+'/2!Y(.'%!I>"A>!['!/F'/0)&!+0)!,314./1/0'&!! "O! ! !

"#$%&'!L)J*!Q262B8'6!@0..'@6'3!3%$!6,'!]@#'56#/#@!1&%#8'!1GP+GbWDMYWB(!G@60='&!JK(L*!C?!JQ! 8#5$.'B!@,255'.!8'#87#@!2#&$%5O!M?!T2&280%53!3262!@0..'@6#05O!1?!C@0%86#@!3262B8'6!#5@.%3#5$!6,'! =26,97'6&#@!253!8'#87#@!3262)!c'9!@0&'!.0@26#058!2.80!72&;'3)!

'$/!42/L%3(&.*!,314%./)!9(.5!35!:+)%;!<+'$*1/'2%,!)+'+&/'!CBa[Y!Y+4!#/+1!"NNVG!f%'/..%0%!/'! +.>!"NNTA!CR%8>!I>@!%0&/2'A>!#$/!<+'$*1/'2%,!)+'+!=+&!,3../,'/)!(&%08!+!Y(.'%_!G!@^!-W;!C:B[:!H0%)+)!)/!#/,03.38%+!Y+2%0+A>!

#3!'$/!=/&'!35!'$/!9(.5!35!:+)%;!C&/,'32!KA7!+0!+))%'%30+.!&/%&1%,!&(2L/*!=+&!(&/)!'3!/F+1%0/! '$/!,30'23.&!30!,30'3(2%'/!)/43&%'%30!%0!+!E.%3,/0/!1%F/)!&*&'/1!C`2+,-/02%)8/!/'!+.>!"N@I!I>@A>!a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f%'/..%0%! /'! +.>! "NNTA>! #$/! %0'/242/'+'%30!=+&!,314./'/)!%0!'$/!&35'=+2/!BY#!g%08)31!O>_>!!

!

!

"#$%&'! L)L*! +,'! 86%39! 2&'2! #8! .0@26'3! 2.05$! 6,'! 50&6,'&5! 72&$#5! 0/! 6,'!-%./! 0/! 123#4! 253! #8! #5/.%'5@'3!=9!6,'!F'3#6'&&25'25!G%6/.0:!E26'&)!+,'!8'#87#@!8%&U'98!%8'3!/0&!6,#8!86%39!2&'! #53#@26'3)!]6%39!2&'2!,#$,.#$,6'3!#5!=0>)!W'3!328,'3!.#5'8!#53#@26'!A08#6#05!0/!"#$)![)`)!FGE!N! F'3#6'&&25'25!G%6/.0:!E26'&)!C6.256#@!]E!N!C6.256#@!]%&/2@'!E26'&)!

!

IN! ! 4"#"! -%<):%/.,7+.+, Q!0(1!#$/!1+%0!&/)%1/0'3.38%,+.!=32-!=+&!,+22%/)!3('!30!'$2//!4%&'30!,32/&!+0)!30/! <3F! ,32/! ,3../,'/)! 30! '$/! B,%/0'%5%,! :2(%&/! :\Z#\HM[`PM6@! CR%8>! I>@A>! #$/! ,2(%&/! ,3../,'/)! ,314./1/0'+2*! 2/13'/! &/0&%08! )+'+! %0,.()%08! &=+'$! <+'$*1/'2*7! &/%&1%,! +0)! 4+2+&3(0)! CB/,'%30!I>@>@A>!#$/!'$2//!@"!,1!)%+1/'/2!4%&'30!,32/&!CE:N^7!E:NK!+0)!E:NOA!=/2/!)%L%)/)! %0'3!&/,'%30&!+4423F%1+'/.*!30/!1/'2/!%0!./08'$>!#$/!<3F!,32/!C`:N_A!=+&!&(<6,32/)!+0)!&.%,/)! +'! +! 2/&3.('%30! 35! @! ,1>! R231! '$/2/7! &(<6&+14./&! =/2/! ,3../,'/)! +4423F%1+'/.*! @N! ,,! %0! L3.(1/>%1/0'! ,32/&7! +))%'%30+.! +0+.*&%&! =+&! ,+22%/)! 3('! %0! 32)/2! '3! /0$+0,/! +0*! &/)%1/0'+2*! 5/+'(2/&>! pMR! +0)! 4$3'382+4$*! 35! '$/! 82+L%'*! ,32/&! =+&! ,+22%/)! 3('! +'! '$/! H0%L/2&%'+'! )/! `+2,/.30+7! R+,(.'*! 35! 9/3.38*7! 53..3=/)! <*! :#6&,+00%08! +'! '$/! H0%L/2&%)+)! )/! B+0'%+83! )/! :3143&'/.+7!R+,(.'+)/!)/!U/'/2+0+2%+7!c(83>!Q5'/2!.388%08!+0)!4$3'382+4$%087!+!'3'+.!35!VT@! &+14./&!=/2/!,3../,'/)!532!+0+.*&%&!+'!"!,1!2/&3.('%30>!Q0!+))%'%30+.!5%L/!&(4/25%,%+.!&/)%1/0'! &+14./&!=/2/!+.&3!+0+.*&/)>!

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`2/1/0>!#$%&!+0+.*&%&7!+.'$3(8$!03'!'3!'$/!&+1/! $%8$!2/&3.('%30!+&!'$/!82+L%'*!,32/&7!,30&%&'/)!35!.388%087!pMR7!:#!+0)!82+%0!&%;/!+0+.*&%&>!Q!5%0+.! &/'!35!,32/!+0+.*&/&!=/2/!,+22%/)!3('!30!$%&'32%,+.!4%&'30!,32/&!,3../,'/)!+'!`\B:\MR7!Z+'%30+.! \,/+0382+4$*! :/0'2/7! B3('$+14'30>! "_! 1/'2/&! 35! 82+L%'*! ,32/! =+&! .388/)! 5231! '$/! .3=/2! &.34/! 35! '$/! /+&'/20! 9(.5! 35! :+)%;! CR%8>! I>@A>! Q! )/'+%./)! +,,3(0'! 35! '$/! 1/'$3)&! (&/)! '3! /F+1%0/!'$/&/!&/)%1/0'!,32/&!+0)!&+14./&!%&!3('.%0/)!%0!!!

7"! :+'2%/%4%;<-

4"!"# =6'.)>%+:,?+.39:%.19, Q!0/=!<+'$*1/'2%,!)+'+6&/'!=+&!8+'$/2/)!(&%08!+!)//4!=+'/2!Y(.'%!I>"! :A>! ['! /F'/0)&! +0)! ,314.%1/0'&! '$/! 42/L%3(&.*! ,314%./)! 9(.5! 35! :+)%;! <+'$*1/'2%,! )+'+6&/'! CBa[Y!Y+4!#/+1!"NNVG!f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

4"!"! $%&2398)*+',=%.3&<8, B/%&1%,! )+'+! $+&! ! E3&'6+,J(%&%'%30! +0)! 423,/&&%087! 8/3&,%/0'%&'&! 1(&'! %0'/242/'! '$/! )+'+! &3! '$+'! %'! 1+-/&! 8/3.38%,+.!&/0&/>!#$%&!%&!)30/!<+&/)!30!'$2//!-/*!+&&(14'%30&?!@A!B/%&1%,!2/5./,'%30&!2/42/&/0'! %14/)+0,/! ,30'2+&'&! C%>/>! +! ,$+08/! %0! )/0&%'*! +0)! /.+&'%,! 4234/2'%/&! 35! +! 23,-AG! "A! #$/&/! %14/)+0,/!,30'2+&'&!+2/!2/42/&/0'+'%L/!35!!a$/2/!43&&%<./7! '$/! %0'/242/'+'%30! $+&! ! #$/! =32-5.3=! (&/)! %&! &'+0)+2)! '3! (0%L/2&+.!%0'/242/'+'%30!423,/)(2/&!+0)!%&!3('.%0/)!!!

7"!"!"# 6EFGEHIJKLIB#+M*'?&5)*+N-5-B<%5&+

#$/! :\Z#\HM[`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g($0!+0)!a/!

Q0!+,,314+0*%08!&4+2&/!JQ!8'#87#@!3262B8'6!35!"V!.%0/&!=+&!+,J(%2/)!(&%08!+!&%08./6,$+00/.! 1%0%6&'2/+1/2!'+28/'%08!'$/!&$+..3=!C(4!'3!+4423F>!"!-1A!&/)%1/0'>!VON!-1!35!&/%&1%,!)+'+!

I"! ! =+&! 42/4+2/)! <*! 8/34$*&%,%&'&! 306<3+2)! '$/! MU! B+21%/0'3! )/! 9+1<3+! +0)! .3+)/)! %0'3! '$/! &/%&1%,!&35'=+2/!E/'2/.!">V!532!+0+.*&%&!CR%8>!I>"!QG!:A>!#$/!&/%&1%,!&/,'%30&!+2/!35!13)/2+'/! J(+.%'*! =%'$! L+2*%08! &%80+.l03%&/! <+&/)! 30! '$/! =+'/2! =+L/! ,30)%'%30&! +'! '$/! '%1/! 35! +,J(%&%'%30>!E/0/'2+'%30!%&!30!'$/!32)/2!35!"!1&!=%'$!+!03'/)!2/)(,'%30!%0!J(+.%'*!_!1&! #a#>!#$/!&(2L/*!+,J(%&%'%30!+0)!%0'/242/'+'%30!'/,$0%J(/&!+2/!L/2*!&%1%.+2!'3!'$3&/!3('.%0/)!%0! B'3-/2!/'!+.>!C@TTVA>!R(..!1+44%08!35!&/%&1%,!(0%'&!+,23&&!'$%&!)+'+6&/'!%&!3('&%)/!'$/!&,34/!35! '$%&!=32-!+0)!$+&!!C"N@KA!+0)!c.+L/! /'!+.>!C#5!A&'A2&26#05A>!#$/!)+'+7!$3=/L/27!,+0!!

7"!"!"! GO<+!N+<%)&/)*+N-5-B<%5+

#$/!)+'+!CR%8>!I>IA!=+&!,314%./)!+0)!(4.3+)/)!'3!'$/!%0'/242/'+'%30!&35'=+2/7!%0!'$%&!,+&/!BY#! g%08)31!O>_>!#$/!&/%&1%,!)+'+!=+&!'$323(8$.*!+0+.*&/)!532!1%&6'%/&!+0)!2/8%30&!35!4332!)+'+! J(+.%'*>![0!8/0/2+.7!'$/!&(2L/*!&$3=&!13)/2+'/!J(+.%'*7!2/)(,%08!=%'$!)/4'$>!E332!2/&3.('%30!%&! 3<&/2L/)! +'! )/4'$&! 82/+'/2! '$+0! ">_6I! 1&! #a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

\0.*!30,/!)+'+!$+&!!#$%&!=32-!<(%.)&!30! '$+'!,+22%/)!3('!<*!c.+L/!/'!+.>7!C"NN@G!"NNVG!"N@@A7!B'3=!/'!+.>7!C"NN"A!+0)!W/20X0)/;6Y3.%0+! /'!+.>7!C"NN^A>!g/*!)%&,30'%0(%'%/&!+2/!%)/0'%5%/)!%0!'$/!&(<&(25+,/!=$%,$!2/.+'/!'3!3,/+0382+4$%,! /L/0'&!+.308!'$/!1+28%0>!#$/!)+'+!$+&!6"?%6X'! Q.'$3(8$! '$/2/! =%..! ! W32%;30! 5.+''/0%08! =+&! 2/8(.+2.*! (&/)! '3! +%)! )%&'%08(%&$%08! ! \0,/! 4%,-/)7!

II! ! )%&,30'%0(%'%/&! =/2/! 1+44/)>! P%8$'! -/*! $32%;30&! $+L/! !I>KA>!:30'3(2!1+4&!532!'$/&/!$32%;30&!=/2/!423)(,/)!(&%08!&'+0)+2)!1/'$3)&7! +.308!=%'$!%&3,$230!1+4&>!

4"!"4 -%<):%/.,@+*)%8,,

7"!"7"# 6G+B<*-22)21+ p62+*!,314('/)!'31382+4$*7!32!:#6&,+00%08!,+0!! ['! 423L%)/&! +! 2+4%)! +0)! 0306)/&'2(,'%L/! '/,$0%J(/!532!/F+1%0%08!'$/!%0'/20+.!&'2(,'(2/!35!&/)%1/0'!,32/&!%0!'$2//!)%1/0&%30&!CY//&!/'! +.>! "NNIA! +0)! 2/L/+.&! 5/+'(2/&! '$+'! +2/! 3'$/2=%&/! %143&&%<./! '3! L%&(+.%&/! (&%08! ,30L/0'%30+.! %1+8%08!32!.388%08!'/,$0%J(/&!C\2&%!/'!+.>!@TTKA>!['!,+0!!"N@@G!M3'$=/..!+0)!M+,-!"NN^A>!P55/,'%L/.*7!%'!,+0!

!

"#$%&'! L)[*! C! 5%7='&! 0/! A286! 86%3#'8! ,2U'! =''5! @2&&#'3! 0%6! #5! 6,#8! &'$#05! ='/0&')! -'5'&2.! @058'58%8! #8! 5'2$! #5! 6,'! d%26'&52&9! 8'@6#05O! ,0:'U'&! 6,'! T.#0@'5'! #8! &'/%8#5$! 60! 9#'.3! 2! &0=%86!86&26#$&2A,9)!+,#8!86%39!#3'56#/#'8!6,&''!%5#68!#5!6,'!T.#0@'5'!253!2!,#$,.9!'&03'3!8'@6#05! #5! 6,'! Z0:'&7086! d%26'&52&9)!F03#/#'3!/&07! Z.2U'! '6! 2.)!!

IK! ! 259!5/+'(2/!=%'$%0!'$/!&/)%1/0'!'$+'!$+&!+!2+)%382+4$%,!)/0&%'*!,30'2+&'!'3!'$/!&(223(0)%08! &/)%1/0'>! #$%&! %0! '(20! ,+0! !!

#$/!'$2//!4%&'30!,32/&!,3../,'/)!30!'$/!:\Z#\HM[`PM6@!,2(%&/!CE:NK7!E:N^!+0)!E:NOA!=/2/! &/./,'/)! 532! $%8$! 2/&3.('%30! &,+00%08! CR%8>! I>_A7! +0)! =/2/! '2+0&432'/)! '3! '$/! "2@%.623'! 3'! e'6'&252! +'! '$/! b5#U'&8#323! 3'! ]256#2$0! 3'! 107A086'.27! c(83! CB4+%0A! %0! R/<2(+2*! "N@">! P+,$!,32/!&/,'%30!=+&!2(0!'$23(8$!+!$%8$!2/&3.('%30!W%'+,$%!P:c\B!1/)%,+.!&,+00/2!CR%8>!I>_!QA>! #$/! &,+00/2! (&/&! +! 23'+'%08! &,+0! &*&'/1! <*! =$%,$! '$/! p62+*! &3(2,/! %&! 23'+'/)! +23(0)! '$/! &+14./!+'!&4//)!+0)!/1%'&!+!! I>_! QWB' C*%' 1)"%' #4' 5761%;' )&' 6' +@%;9' #&' $*%' 1%&$"%' )(' $*%' ")$6$#&>' 6":' 6&;' :)?%4' #&' )/&%80+'/)! %0,2/1/0'&! '$23(8$! '$/! !P+,$!,32/!=+&!4.+,/)!30!'$/!&,+00/2!!#$/!23'+'%30!35!'$/!p62+*! &3(2,/! %&! %0%'%+'/)! +0)! '$/! &3(2,/! %&! =+21/)! ^"_! 11! %0,2/1/0'&>! #$%&! 423L%)/&! $%8$62/&3.('%30! p62+*! %1+8/&! 35! '$/! ,32/! +'! +! 2/&3.('%30! 35! ,("!F!N>"!F!N>^"_!11!CR%8>!I>_!:A>!#$/!)+'+!=+&!)%&4.+*/)!%0!'$/!52//=+2/!YM[,23!=$/2/! %'!,+0!!

!

"#$%&'!L)_*!C?!+,'!,#$,!&'80.%6#05!H#62@,#!Y1ZG]!7'3#@2.!8@255'&!.0@26'3!26!6,'!"2@%.623'!3'! e'6'&252!26!6,'!b5#U'&8#323!3'!]256#2$0!3'!107A086'.2a!Z%$0)!M?!]@,'726#@!0/!6,'!A&0@'88! 0/!1+B8@255#5$)!1?!W'80.%6#05!0/!LQ!8@25)!!

!

I_! ! 7"!"7"! P)&?-4+Q'11)21++

Q))%'%30+.!'3!'$/!:#6&,+00%087!L%&(+.!)/&,2%4'%30!=+&!,+22%/)!3('!30!'$/!'$2//!:\Z#\HM[`PM6@! 4%&'30!,32/&7!+0)!3'$/2!,32/&!5231!'$/!=%)/2!9(.5!35!:+)%;!CR%8>!I>@A>!:30L/0'%30+.!&/)%1/0'! .388%08!=+&!,+22%/)!3('!%0!+!L+2%/'*!35!5+,%.%'%/&!+,23&&!P(234/!+&!)%,'+'/)!<*!'$/!&/)%1/0'!,32/! &'32+8/!.3,+.%'%/&>!!

@A R%2&'.*7! '$/! '$2//! 4%&'30! ,32/&! ,3../,'/)! 30! '$/! :\Z#\HM[`PM6@! &,%/0'%5%,! ,2(%&/! 35! "N@N!=/2/!&.+"A! =+&! ,+2/5(..*! .388/)! +0)! ,32/! 4$3'382+4$*7!pMR!+0)!:#6%1+8%08!,+22%/)!3('>!Q&!+!2/&(.'7!'$/&/!,32/&!+2/!.388/)!+'! '$/!$%8$/&'!2/&3.('%30!35!+..!'$3&/!/F+1%0/)!%0!'$%&!&'()*>!! "A [\]E!,32/&!H@IO^7!H@IOO7!+0)!H@IOT!CR%8>!I>@A!=/2/!.388/)!%0!'$/!,32/!2/43&%'32*!%0! FCWbF7! b5#U'&8#69! 0/! M&'7'5! %0! Y+*! "N@">! B31/! +))%'%30+.! .3=62/&3.('%30! p62+*! %1+8/&!=/2/!674)'61Z2#"%;'6$'$*#4'$#:%')&'[0\/[94'9/0/2+.!P./,'2%,!:#!E23&4//)!Bp! &,+00/27!+.'$3(8$!'$/&/!$+L/!03'!!#5! A&'A2&26#05A>!E332!,32/!2/,3L/2*!+'!&+0)6)31%0+'/)!&%'/!H@IOO!$+)!2/&(.'/)!%0!30.*!+! KV>O!r!2/,3L/2*!2+'/!CPF4/)%'%30!IIT!B,%/0'%&'&!"N@"A>!#$%&!%&!+!&%80%5%,+0'!)/,2/+&/!%0! ,32/! 2/,3L/2*! =$/0! ,314+2/)! '3! &%'/&! .3,+'/)! 132/! )%&'+..*! 5231! '$/! 9%<2+.'+2! 9+'/=+*?!H@IOT!CVVrA!+0)!H@IO^!COTrA>!Q&!+!2/&(.'!1+0*!-/*!5+,%/&!<3(0)+2%/&!+2/! +<&/0'7!4+2'%,(.+2.*!+'!'$/!,3+2&/&'!&+0)*!&/,'%30&>!:32/!H@IOO!)3/&!$3=/L/2!423L%)/! '$/!.308/&'!,30'3(2%'/!&+0)!,32/!2/,32)!5231!'$/!/+&'/20!9(.5!35!:+)%;7!=%'$!@"@!1!35! ,32/! ,3../,'/)! C#+<./! I>"A>! #$%&! &'()*! 53,(&/&! 30! '$/! 13&'! 2/,/0'! 35! &/)%1/0'&7! 42%1+2%.*!'$/!'34!@N!17!$3=/L/2!&31/!3.)/2!/F+14./&!35!5+,%/&!'*4/&!+2/!+.&3!(&/)>!! IA R%0+..*7!.388%08!=+&!,314./'/)!30!5%L/!82+L%'*!,32/&!%0!h+0(+2*!"N@K!,3../,'/)!<*!'$/! -]\E'41#%&$#(#1'?%44%7'+^#41)?%"89'#&'XTTT'6&;')&%'1)"%'1)77%1$%;'#&'HVVU'"A>! #$/&/!+2/!03=!&'32/)!+'!'$/!M#8,!G@'25!]'3#7'56!10&'!W'8'2&@,!"2@#.#69!C`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

I^! ! !!'@/>&! !0'&! E#%(BFGD! E01H(BFID! J#%&'(:&$%"(BKD! !0'&(E&1H%"(BKD!

:\Z#\HM[`PM! `:N_! I_>OK_! 6^>VON! VIO! N>"I! :\Z#\HM[`PM! E:NK! I_>VI^! 6^>VI"! ^_O! ^>""! :\Z#\HM[`PM! E:NK! I_>VI^! 6^>VI"! ^_O! @! :\Z#\HM[`PM! E:N^! I^>IN_! 6^>V^K! KTN! ">KN! :\Z#\HM[`PM! E:NO! I_>O"@! 6^>T^O! T^@! _>I^! :\Z#\HM[`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

"#$#% -%<):%/.,5&:2&8).)&/+',;/+'98)8,!

7"!":"# RI8+M2-4;&)&+ pMR!+0+.*&%&7!32!p62+*!5.(32/&,/0,/!)/&,2%!#$/!<31<+2)/)!+'31&!2/+,'!<*! /1%''%08!+0!%00/2!/./,'230!+0)!+&!+!2/&(.'!'$/!+'31!!\('/213&'!/./,'230&! 1(&'!'2+0&5/2!%0=+2)!'3=+2)&!'$/!0(,./(&!'3!2/8+%0!+'31!&'+<%.%'*>!#$/!/1%''/)!=+L/&!5231! '$/!03=!/F,%'/)!+'31&!2/+,$!'$/!2/,/%L/2!+&!13)%5%/)!p62+*&!'$+'!$+L/!+!,$+2+,'/2%&'%,!&%80+.! 2/42/&/0'%08!'$/!,$/1%,+.!,3143&%'%30!35!'$/!1/+&(2/)!1+'/2%+.>!`/'=//0!'$/!&3(2,/!+0)!'$/! 2/,/%L/27! '$/! =+L/&! '2+L/.! '$23(8$! +! $3..3=! $/.%(165%../)! 42%&1! %0! 32)/2! '3! 2/)(,/! +0*! +<&324'%30!35!'$/!/1%''/)!=+L/&!%0'3!'$/!+%2!CR%8>!I>^!`A>!#$/!2/+)63('!532!'$/!+0+.*&%&!=%..!'+&2:@%"')('1)2&$49')('6'1%"$6#&'3#7)%7%1$")&'?)7$'<3%`W' L+.(/!CR%8>!I>^!:A>!! pMR! +0+.*&%&! %&! +! ,31130! 1/'$3)! (&/)! %0! 8/3,$/1%,+.! +0+.*&%&! +&! %'! 423L%)/&! +! 2+4%)! 0306 )/&'2(,'%L/!+0+.*'%,+.!'33.!'$+'!2/J(%2/&!1%0%1+.!42/4+2+'%30!+'!+!,3&'6/55/,'%L/!42%,/!CB$+,-./*! "N@@A>! ['! $+&! !"NN^A>!B'()%/&!$+L/!.%0-/)!%0,2/+&/)!:+!,30'/0'!=%'$!%0'/28.+,%+.!4/2%3)&!+0)!%0,2/+&/)! R/!=%'$!8.+,%+.!4/2%3)&!30!+!Y%.+0-3L%',$!'%1/&,+./!CM%,$'/2!/'!+.>!"NN^A>!a$/2/+&!3'$/2!&'()%/&! $+L/! &$3=0! '$+'! f%2,30%(1lQ.(1%0%(1! Cf2lQ.A! 4/+-&! ,+0! ! "N@IA>!\'$/2! +44.%,+'%30&! '3! pMR! +0+.*&%&! 30!1+2%0/! ,32/&! %0,.()/! $/+L*! 1%0/2+.! %0L/&'%8+'%30&! +0)! 423L/0+0,/! &'()%/&! CP.&3=! @TI"G! Y,c/00+0! /'! +.>! @TTIA7! 328+0%,! 1+''/2!,30'/0'!+0+.*&%&!C`+$2!/'!+.>!"N@IA!+0)!3F*8/0+'%30!&'()%/&!Ch+0&30!/'!+.>!@TTOA>!

[0!'$%&!&'()*7!'$/!'$2//!4%&'30!,32/&!CE:NK7!E:N^!+0)!E:NOA!=/2/!'2+0&432'/)!'3!'$/!b5#U'&8#626! 3'!M2&@'.052!532!34/0%08!C&.+<<%08A!+0)!%11/)%+'/!,32/!%1+8%08!+0)!pMR!+0+.*&%&!CR%8>!I>^!QA>! #$/! '$2//! 4%&'30! ,32/&! =/2/! +0+.*&/)! 3L/2! +! 4/2%3)! 5231! '$/! ^'$! '3! @@'$! h(0/! "N@@! %0! '$/! "2@%.69! 0/! -'0.0$9>! #$/! ,3(0'/2! (&/)! %0! '$%&! &'()*! =+&! +0! QL++',$! pMR! :32/! B,+00/2>! ['! +)$/2/&! '3! &'+0)+2)! 1/+&(2%08! 42%0,%4./&>! R%2&'7! '$/! 1+,$%0/! =+&! ,+.%<2+'/)! (&%08! 823(0)! &+14./&!35!-03=0!,3143&%'%30>!:32/&!=/2/!42/4+2/)!<*!/0&(2%08!'$/!&(25+,/!=+&!&133'$!+0)! 5.+'>!['!&$3(.)!!#$%&!%&!35!4+2'%,(.+2!%1432'+0,/! %0! $%8$.*! &+0)*! &/,'%30&! =$/2/! .+28/! 4+2'%,./&! )31%0+'/! '$/! 2/'(20! &%80+.! +0)! 432/6=+'/2! 2/+)%08&! =%..! 4.+*! +! 132/! %1432'+0'! 23./! Ch+0&30! /'! +.>! @TTOA>! Q! &4/,%+..*! 1+0(5+,'(2/)! 43.*/&'/2!5%.1!=+&!+44.%/)!'3!'$/!&/)%1/0'!&(25+,/!%0!32)/2!'3!2/'+%0!'$/!&/)%1/0'!+0)!.%J(%)! ,30'/0'!+0)!'3!+L3%)!,30'+1%0+'%08!'$/!&,+00%08!/J(%41/0'>![0%'%+.!+0)!5%0+.!&+14./!)/4'$&! =/2/!%04('!'3!'$/!,314('/2!&35'=+2/!+0)!+!&+14./!2/&3.('%30!35!@N!11!=+&!2(0>!B+14.%08!!

!"#$%&'! L)^*! fW"! 8@255#5$! 6,'0&9)! C)! C! @0&'! 8'@6#05! ='#5$! #72$'3! #5! 6,'! CU226@,! fW"! 10&'! ]@255'&!.0@26'3!#5!6,'!b5#U'&8#626!3'!M2&@'.052O!M?!]@,'726#@!0/!6,'!fW"!8@255#5$!'\%#A7'56O! 1?!+,'!0%6A%6!0/!3262a!:,'&'!'.'7'568!,2U'!8#$526%&'!;'e!'5'&$#'8!253!2&'!A.066'3!2$2#586! :6#&$%*<+')4(*%)')/=++>0,4)*+?@+,$/+"@+5'#0!Wg,.!

IO! ! =+&!2(0!+'!@N!-/U7!/0/28*!,+4+<./!35!1/+&(2%08!.%8$'!/./1/0'&!35!+'31%,!0(1!R32! +))%'%30+.!/./1/0'&!'3!!#$/!3('4('! )('%7%:%&$'+1)2&$49'#4';#55%,(.'!'3!'2+0&.+'/!%0'3!+0!+,,(2+'/!2/+)%08!35!/./1/0'!,30,/0'2+'%30&! )(/!'3!'$/!$/'/238/0/%'*!35!'$/!,32/!+0)!'$/!.%1%'/)!/0/28*!2/+)%08!2+08/&>!#$/2/532/7!2+'%3&! +2/!,31130.*!(&/)!'3!&$3=!)3=0$3./!,$+08/&!+0)!+%)!,322/.+'%30!!

7"!":"!

B1/+2! &.%)/! +0+.*&%&! 423L%)/&! &/)%1/0'3.38%&'&! =%'$! +! 2+4%)! 1/'$3)! '3! 3<&/2L/! '$/! ,3143&%'%30! +0)! !'/F'(2/!35! +! &/)%1/0'! +'! $%8$! 2/&3.('%30!C#(,-/2!@TT@A>! R32! '$%&7! &'+0)+2)! &1/+2!&.%)/!42/4+2+'%30!1/'$3)&!=/2/!(&/)G!+!&1+..!L3.(1/!CtN>@!,,A!35!&/)%1/0'!5231!'$/! ,32/!%&!,31<%0/)!%0!=+'/2!'3!)%&+882/8+'/7!+0)!&42/+)!'3!+!(0%5321!'$%,-0/&&!+,23&&!+!8.+&&! &/)%1/0'!&.%)/>!H430!)2*%08!C(&(+..*!,+22%/)!3('!30!+!$3'!4.+'/A!'$/!&/)%1/0'!%&!<3(0)!'3!'$/! 8.+&&!&.%)/!(&%08!+0!34'%,+.!8.(/!C%0!'$%&!,+&/!PHg[##!13(0'%08!8.(/A!+0)!+!423'/,'%L/!8.+&&!,3L/2! &.%4!%&!,+2/5(..*!4.+,/)!30!'347!+0)!./5'!'3!)2*>!!

#$/!+0+.*&%&!35!'$/!&/)%1/0'!1%0/2+.38*!,314.%1/0'&!'$/!pMR!+0+.*&%&!<*!L%&(+..*!/F+1%0%08! '$/! &/)%1/0'! '3! 5(2'$/2! (0)/2&'+0)! '$/! ,$/1%,+.! 2/&430&/>! Y(.'%4./! &1/+2! &.%)/&! =/2/! 423)(,/)! 5231! '$/! &/)%1/0'! &+14./&! +0)! /F+1%0/)! 532! ,3143&%'%30! (0)/2! 34'%,+.! 1%,23&,34/>!#$/!&/)%1/0'!=+&!&+14./)!+'!2/8(.+2!)/4'$!%0'/2L+.&7!+0)!+'!-/*!!Q0+.*&%&!=+&!,+22%/)!3('!(0)/2!+0!\.*14(&!`W"6HYQ! 4/'23.38%,+.! 1%,23&,34/! +0)! =+&! 4$3'382+4$/)! (&%08! +0! \.*14(&! _>@! 1/8+4%F/.! :6_N^N! ,+1/2+>!B/)%1/0'!4+2+1/'/2&!'3!IA>!#$%&!=+&!,31<%0/)!=%'$!'$/! 82+%0!&%;/!+0+.*&%&!2/&(.'&!C1/+0!82+%0!&%;/!+0)!&32'%08A!'3!8%L/!+!5(..!4%,'(2/!35!'$/!&/)%1/0'! ,$+2+,'/2%&'%,&!532!/+,$!&+14./>!!

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b3$0! /'!+.>!@TOVA!+0)!8%L/!+0!%0)%,+'%30!35!'$/!1+'(2%'*7!32!)%&'+0,/!5231!&/)%1/0'!&3(2,/!35!'$/! IT! ! 1+'/2%+.>!B/)%1/0'!,3143&%'%30!%)/0'%5%,+'%30!=+&!+%)/)!(&%08!2/5/2/0,/!1+'/2%+.&!CW+J!+0)! `3/2&1+!@TVOG!M3'$=/..!@TOTG!B'+0./*!"N@@A>!g/*!,31430/0'&!%)/0'%5%/)!+2/!%0)%,+'/)!%0!#+<./! I>I>!D(+0'%'%/&!35!/+,$!+2/!8%L/0!+&!)/&,2%4'%L/!'/21&!+&!(&/)!<*!'$/!&$%4<3+2)!&,%/0'%&'&!%0!'$/! E23,//)%08&!35!'$/![\]E!I@KlI@_lI@^!Cg%03&$%'+!/'!+.>!"NNTA>!]/&,2%4'%L/!'/21&!+2/!+!5(0,'%30! 35!/&'%1+'/)!4/2,/0'+8/!+<(0)+0,/!+&!)/'/21%0/)!(&%08!+!L%&(+.!,314+2%&30!,$+2'!CM3'$=/..! @TOTA>!#/21&!+0)!+4423F%1+'/!4/2,/0'+8/&!+2/!+&!53..3=&G!

6 ]!u!)31%0+0'!Cv!_N!rA! 6 Q!u!+<(0)+0'!Cv!"N6_N!rA! 6 :!u!,31130!Cv!_!6!"N!rA! 6 E!u!42/&/0'!Cv@!6!_!rA!! 6 M!u!2+2/!CN>@!6!@!rA!! 6 #!u!'2+,/!CtN>@!rA!

#$/!82+%0!1324$3.38*!+0)!&/)%1/0'!,3143&%'%30+.!%05321+'%30!=+&!,314%./)!+.308!=%'$!'$/! 82+%0!&%;/!+0+.*&%&!'3!8%L/!+!,314./'/!&(11+2*!35!'$/!&/)%1/0'!+'!/+,$!&+14./!)/4'$>!

?@#'%A( ! R/.)&4+2! ! ( R/2231+80/&%+0!Y%0/2+.&! C7A,#=0.'8a!G.#U#5'8!253!T9&0>'5'8!

Y%,+&! M#06#6'a!F%8@0U#6'!

]/'2%'+.!:+2<30+'/&! !

;&''/H&10@> W/+L*!Y%0/2+.&! ')$)!CA26#6'a!YA#306'a!-2&5'6!

\'$/2!#/22%8/03(&!1%0/2+.&! 107705.9!-.2%@05#6'!

`2*;3+! !

R32+1&! Q07#5256.9!/&07!6,'!-.0=0&062.#2!/0&27#5#/'&2!/27#.9! ( B$/..!R2+81/0'&! M#U2.U'!3'=)!P0!#562@6!8A'@#7'58!/0%53!

B%.%,/3(&!1+'/2%+.! W23#0.2!253!8A05$'!8A#@%.'8!253!3#26078!2..!0=8'&U'3!

L/0H&1/. Z+00353&&%.&! 10@@0.#6,8! O! A8'%30'7#.#252! .2@%508'! 253! $'A,9&0@2A82! 0@'25#@!7086!@07705!

\'$/2! ')$)!2.$2'a!086&2@03'8!'6@!

:.+*! 1.29! 7#5'&2.8! :,'&'! &'80.U2=.'! %53'&! 6,'! A'6&0.0$#@2.! ( 7#@&08@0A'!A.%8!6,'!U'&9!/#5'!%5&'80.U'3!/&2@6#05)! +2=.'! L)L*! ]'3#7'56! @07A08#6#05! @07A05'568! :'&'! 8%=B3#U#3'3! #5! 60! 6,'! /0..0:#5$! $&0%A8O! #3'56#/#@26#05!:28!2#3'3!%8#5$!W06,:'..!<(SVS?!253!H2\!253!M0'&872!<(S`V?)!!

KN! ! !

"#$)!L)`*!-&2#5!8,2A'[email protected]#/#@26#058!=28'3!05!P#@,0.8!

4"!"A -%<):%/.,B%C.61%, R32! '$/! '/F'(2+.! +0+.*&%&! 35! '$/! :\Z#\HM[`PM6@! ,32/&7! &+14./&! 35! @N! ,1I! %0! L3.(1/! =/2/! '+-/0!5231!'$/!4%&'30!,32/&!CE:NK7!E:N^!+0)!E:NOA!/L/2*!"!,1!532!82+%0!&%;/!+0+.*&%&>![0!'3'+.! VT@! &+14./&! =/2/! ,3../,'/)! +0)! +0+.*&/)! +'! '$/! Y5U#&055'7'568! '6! T2.h0'5U#&055'7'568! G@h25#\%'8a! b5#U'&8#6h! M0&3'2%>! %0! Z3L/1! #$/! +0+.*&%&! =+&! )30/! (&%08! .+&/2! ,3(0'%08!1/'$3)&!30!+!Y+.L/20!E+2'%,./!B%;/!Q0+.*&/2!1+,$%0/>!Q0!+))%'%30+.!"I!&+14./&!5231! '$/!<3F!,32/!`:N_!=/2/!+0+.*&/)!(&%08!&%/L%08!1/'$3)&!+'!H'BE266!b5#U'&8#69>!!

92+%0!&%;/!,+0!2/L/+.!%05321+'%30!+<3('!&/)%1/0'!32%8%0&!+0)!$%&'32*!35!%'&!'2+0&432'+'%30!+0)! )/43&%'%30+.!/0L%2301/0'!CY,:+L/!+0)!B*L%'&-%!@TT@A>!['!$+&!/L/0!!Q0+.*&%&! ,+0! !Y(,$!=32-!%&!&'%..! 2/J(%2/)!'3!+44.*!'$/!82+%0!&%;/!+0+.*&%&!35!,30'3(2%'/!&/)%1/0'&!'3!%'&!5(..!43'/0'%+.7!+.'$3(8$! &31/!&'()%/&!)3!/F%&'!%0!'$/!.%'/2+'(2/!CQ./b3!/'!+.>!"N@"G!W(L/00/!/'!+.>!"NNTG!Y,:+L/!"NNOG! B'3=!/'!+.>!"NNOA>!!

#$/! 42%0,%4+.! 1/'$3)! (&/)! %0! '$%&! &'()*! =+&! .+&/2! )%552+,'%30>! #$%&! %0L3.L/&! 4+&&%08! +! 2/42/&/0'+'%L/!&+14./!35!&/)%1/0'!%0!&(&4/0&%30!4+&'!+!!#$/!.%8$'!=%..!

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b(&'!'$/!5+,'!'$+'!%'!%&!42/&/0'!CY+.L/20![0&'2(1/0'&! c%1%'/)!"N@"A>!

#$/!&'+0)+2)!423,/)(2/!532!82+%0!&%;/!+0+.*&%&!%0!.+&/2!,3(0'/2&!=+&!(&/)>!#$/!5%2&'!&'/4!%&!'3! 2/13L/! '$/!328+0%,!1+''/2! =%'$%0! '$/! &/)%1/0'>!#$%&!%&! )30/! <*! )%.('%08! +! &1+..! +13(0'!35! &/)%1/0'!C30/!'3!'=3!82+1&A!%0!=+'/2!+0)!'$/0!+))%08!+!&1+..!J(+0'%'*!C+4423F>!_!1.A!35!IN!r!

$*)238/0! 4/23F%)/! CW"\"A>! #$/! !#$%&!1+*!_!'3!"!$3(2&!)/4/0)%08!30!'$/!+13(0'!35!328+0%,!1+''/2!42/&/0'>!\0,/! 523'$%08!$+&!&'344/)7!'$/!

<+'$!C+'!^N6VNw:A!=%'$!+))%'%30+.!W"\"!+))/)!%5!0/,/&&+2*!(0'%.!03!132/!2/+,'%30!%&!3<&/2L/)>! #$/!!\0,/!,33.7!+!N>^!r! &3.('%30! 35! &3)%(1! $/F+1/'+4$3&4$+'/! C,+.830A! %&! +))/)! +&! +! )%&4/2&+0'! +'! +! 2+'%3! 35!

!

"#$%&'! L)V*! T2&6#@.'! 8#4'! 252.98#8! =9! .28'&! 3#//&2@6#05)! F03#/#'3! /&07! F2.U'&5! D586&%7'568! Z#7#6'3!

K"! ! +4423F%1+'/.*! _! 1.! &3)%(1! $/F+1/'+4$3&4$+'/! '3! _N6@NN! 1.! )%&'%../)! =+'/2! 4/2! /+,$! /&'%1+'/)!82+1!35!,.+*>!#$/!&3.('%30!%&!'2/+'/)!%0!+0!(.'2+&30%,!<+'$!532!@N!1%0('/&!32!.308/2!%5! 4+2'%,(.+2.*! ,.+*62%,$! +0)! 2/5(&%08! '3! &/4+2+'/>! R%0+..*7! '$/! &+14./&! ,+0! ![0!'$%&!,+&/!+0!+('31+'/)!)%&4/0&/2!+..3=/)!532!0(1/23(&!&+14./&! '3!!Q0!+('31+'%,!2/+)! 3('! %&! /F432'/)! 8%L%08! '$/! 2+08/! 35! 82+%0! &%;/&! 5231! N>N_! k1! '3! VNN! k1! G! 32! ,.+*! (4! '3! 1/)%(1l,3+2&/!&+0)>!!

Q))%'%30+.!82+%0!&%;/!&%/L%08!1/'$3)&!=/2/!(&/)!=$/2/!&+14./&!=/2/!'33!,3+2&/!532!'$/!.+&/2! ,3(0'/2&!Cc/=%&!+0)!Y,:30,$%/!@TTKA>!#$%&!,30&%&'/)!35!,+2/5(.!42/4+2+'%30!35!'$/!&/)%1/0'!%0! '$/!&+1/!1+00/2!+&!'$/!.+&/2!,3(0'/2!&+14./&>!](/!'3!'$/!,./+0!0+'(2/!35!'$/!&+0)!&+14./&7! '$/!1()!432'%30!=+&!03'!2/13L/)!+0)!+0+.*&/)!&/4+2+'/.*>!`/532/!+0+.*&%&7!'$/!&+14./!1(&'! !#$/!&+14./!%&!=/%8$/)!!#$/!&%/L/!0/&'! $/2/!1/+&(2/)!82+%0!&%;/!)%&'2%<('%30!%0!N>_!4$%!&'/4&!=$/2/!43&&%<./7!5231!^I!k1!'3!KNNN!k17! +0)!=+&!423,/&&/)!30!+0!P0)/,3''&!&%/L/!&$+-/2!532!IN!1%0('/&>!#$/!52+,'%30!5231!/+,$!&%/L/! ,+0!'$/0!!!

#$/!2/&(.'&!=/2/!,314%./)!%0!Y%,23&35'!PF,/.>!]%&'2%<('%30&!+2/!8%L/0!%0!+!8/31/'2%,!CL3.(1/A! &,+.%08!2+'$/2!'$+0!+0!+2%'$1/'%,!C0(1!I>TA!C`.3''!+0)!E*/!"NN@!g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

!"#$%&"'()*+,-". '''''''''''-2:@%"!! ''''''''''''''''''''''''`)72:%

!

"#$%&'!L)S*!P%7='&!:'#$,6'3!U8)!U0.%7'!:'#$,6'3)!"&07!F2.U'&5!D586&%7'568!Z#7#6'3!

KI! ! ,+22%/)! 3('! %0! '$/! &35'=+2/! 9MQ][B#Q#! C`.3''! +0)! E*/!"NN@+A! (&%08! '$/! 8/31/'2%,! 82+4$%,+.! 1/'$3)!+&!.+%)!3('!<*!R3.-!+0)!a+2)!C@T_VA!'3!/0&(2/!'$+'!/+,$!&/'!35!+0+.*&%&!,+0!!:(1(.+'%L/!52/J(/0,*!,(2L/&!=/2/!+.&3!,2/+'/)!%0!32)/2!'3! ,./+2.*! L%&(+.%;/! )%55/2/0,/&! %0! )%&'2%<('%30>! Q5'/2! ,+.,(.+'%30&! 35! '$/! /&&/0'%+.! &'+'%&'%,&7! )+'+! ,+0! !#$/!&,+./!+0)!&/)%1/0'!,.+&&/&!+&!)/5%0/)!<*!Ca/0'=32'$!@T""A!=+&!(&/)7!+&!&$3=0!%0! Q44/0)%F!^>!

7"!"D"# $%-2+O0-)2+<)(%+

#$/!1/+0!82+%0!&%;/7!82+%0!&%;/!&32'%087!&-/=0/&&!+0)!-(2'3&%&!CR%8>!I>@@A!$+L/!.308!!#$/&/!=/2/!,+.,(.+'/)!(&%08!'$/!42382+1!9MQ][B#Q#!C`.3''!+0)! E*/!"NN@+A!=$%,$!%&!,+4+<./!35!,+.,(.+'%08!+!&(%'/!35!&'+'%&'%,&!(&%08!1/'$3)!35!131/0'!+0)! 82+4$%,+.!1/+&(2/1/0'&>!P+,$!+0+.*&%&!1/'$3)!$+&!%'&!3=0!&/'!35!423&!+0)!,30&!CR3.-!@T^KA7! +0)! '$%&! &'()*! (&/&! '$/! R3.-! +0)! a+2)! C@T_VA! 82+4$%,! 1/+&(2/1/0'&! 30! +! 1/'2%,! &,+./! +&! 2/,311/0)/)! <*! `.3''! +0)! E*/! C"NN@'?672%&!%0'3!)/&,2%4'%L/!'/21&! CR%8>!I>@NA>!:/0'2+.!'/0)/0,%/&!C'$/!1/+07!13)/!+0)!1/)%+0A!35!'$/!&/)%1/0'!)%&'2%<('%30!8%L/!!

!

"#$%&'!L)(K*!"0&7%.2'!%8'3!253!@%6B0//!U2.%'8!/0&!3'8@&#A6#U'!6'&78!/0&!80&6#5$a!8;':5'88!253! ;%&608#8!%8'3)!"&07!M.066!253!T9'!!#8!6,'!$&2#5!3#27'6'&!A'&@'56#.'8!#5!7'6&#@!%5#68)!

KK! ! +! 833)! 5%2&'! %0)%,+'%30! 35! '$/! 2/.+'%L/! 5.3=! L/.3,%'*! +'! '$/! '%1/! 35! )/43&%'%30! Cg2+0,-! +0)! Y%..%8+0!@TT@A>!#$/!+L/2+8/7!32!1/+0!82+%0!&%;/!=+&!,+.,(.+'/)!%0!'$%&!&'()*!(&%08!'$/!5321(.+G!!

!

#$/!13)/!C13&'!,31130!82+%0!&%;/A!=+&!+.&3!,+.,(.+'/)7!+0)!=$/2/!82+%0!&%;/!)%&'2%<('%30!=+&! <%13)+.!32!'2%13)+.!'$/!&(<&%)%+2*!13)/&!=/2/!+.&3!03'/)>!!

7"!"D"! <'05)21++

,&'%44%&1%A'$*%'4$6&;6";';%?#6$#)&'1671276$%4'$*%'+45"%6;9')('$*%';#4$"#@2$#)&'("):'$*%':%6&' L+.(/!CR%8>!I>@@!QA>!#$%&!%&7!%0!'(207!.%0-/)!'3!'$/!L/.3,%'*!+0)!L+2%+<%.%'*!35!'$/!<3''31!,(22/0'! 1+&&! +'! '$/! '%1/! 35! )/43&%'%307! +0)l32! '$/! +L+%.+<./! &/)%1/0'! &(44.*! Cg2+0,-! +0)! Y%..%8+0! @TT@A>!#$/!&'+0)+2)!)/L%+'%30!/J(+'%30!(&/)!<*!R3.-!+0)!a+2)!C@T_VA!/L+.(+'/&!'$/!&/)%1/0'! &32'%08! (&%08! '$/%2! /J(+'%30! C!!

!

7"!"D"7

#$/!&-/=0/&&!%&!+!1/+&(2/!35!'$/!)%2/,'%30!+0)!1+80%'()/!35!'$/!&42/+)!35!'$/!)+'+!'3!/%'$/2! &%)/!35!'$/!+L/2+8/!L+.(/!C`.3''!+0)!E*/!"NN@!E2/5/2/0'%+.!&42/+)!'3!'$/!./5'!35!'$/!1/)%+0! ,30&'%'('/&!+!0/8+'%L/!&-/=7!+0)!'3!'$/!2%8$'7!+!43&%'%L/!&-/=!CR%8>!I>@@!`A!+0)!%&!,+.,(.+'/)!%0! '$%&!&'()*!(&%08!'$/!

!

#$/! ,.+&&%5%,+'%30! 35! '$/! &-/=0/&&! =+&! )/5%0/)! <*! R3.-! +0)! a+2)! C@T_VA! <+&/)! 30! 1/+&(2/1/0'&!1+)/!%0!4$%!&,+./&>!#$%&!&'()*!(&/&!1/'2%,!&,+./&!+0)!'$/2/532/!,+2/!1(&'!!Z/8+'%L/!&-/=!L+.(/&!2/42/&/0'!+! +(#&%'43%!9')"'$6#7')('(#&%'4%;#:%&$4'<=#>B'I>@NG!I>@@!`A>!#$%&!%&!'$/!3443&%'/!5231!,30L/0'%30+.! &'+'%&'%,+.!&-/=!L+.(/&!+0)!,+2/!1(&'!! g(2'3&%&! ,30&%)/2&! '$/! 2+'%3! B'I>@@!EWB',$'#4')($%&'"%(%""%;'$)'64':%642"%')('$*%'+5%63%;6&%449')"'$*%'

K_! ! ,30,/0'2+'%30!35!L+.(/&!+23(0)!'$/!1/+0!C`.3''!+0)!E*/!"NN@

!

#$/! ,.+&&%5%,+'%30! &,$/1/! +&&3,%+'/)! =%'$! '$%&! /J(+'%30! $+&! !I>@NG!I>@@!:A>!! a$/0! 4.3''/)! +8+%0&'! -(2'3&%&7! &-/=0/&&! ,+0! ! B-/=0/&&! L&>! -(2'3&%&! $+&! !"NNKA!=%'$!.%1%'/)!&(,,/&&>!

!

"#$%&'!L)((*!Q#86&#=%6#05!@%&U'8!/0&!80&6#5$a!8;':5'88!253!;%&608#8!3'8@&#A6#U'!6'&78)!

!

K^! ! 7"!"D": 6?/?4-5).%+80%U?%2*;+6?0.%&+

#2+)%'%30+..*7!,(1(.+'%L/!,(2L/&!$+L/!!Z3=+)+*&7!,314('/2&!+..3=!&(,$!,+.,(.+'%30&!'3!*' 12:276$#?%' 12"?%4' 16&' &'%..! 8%L/! &31/! (&/5(.! +0)! %0'/2/&'%08! %0&%8$'! '3! '$/! )+'+>! [0! 3'$/2! &'()%/&7! ,$+08/&! %0! '$/! ,(1(.+'%L/! 52/J(/0,*! ,(2L/! $+L/!!"NNOA>!!

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b32! 16"@)&' 4#&3A' 4$)"#&>' VLd' )(' $*%' !)"7;94' 16"@)&' Ca+.-/2! "NN_A>! Q&! +! 2/&(.'7! 328+0%&1&! C0+00353&&%.&7!13..(&,&7!532+1%0%5/2+!/',>A!'+-/!(4!+!432'%30!35!'$%&! @K:!=$%,$!%&!42/&/2L/)!%0! '$/%2!,+2<30+'/!'/&'&!CR%8>!I>@"!`A>!H430!)/+'$!+0)!<(2%+.7!'$/&/!328+0%&1&!+2/!03!.308/2!+<./! '3!/F,$+08/!,+2<30!+0)!%&3'34/!)/,+*!%&!%0%'%+'/)>!`*!(0)/2&'+0)%08!'$/!2+'/7!32!$+.56.%5/7!35! '$%&! 2+)%3+,'%L/! )/,+*7! '$/! )+'/! '$+'! '$/! 328+0%&1! =+&! )/43&%'/)! %0! '$/! &/)%1/0'! ,+0! !!

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e:' !*%"%' $*%' ()"6:#&#(%"4' 6"%' :)4$' 5")7#(#1B' C)' "%;21%' $*%' %"")"' #&' @K:! )+'%08! '3! +! 1%0%1(17! 13036&4/,%5%,! 532+1%0%5/2+! &4/,%/&! 35! &%1%.+2! &%;/! &$3(.)! ! [0! '$%&! &'()*7! '$/! 4.+0-'30%,! 532+1%0%5/2+! &4/,%/&! 35! -)! =%..0#3'8! CR%8>! I>@"! `A! +0)! -)!

KV! ! &%='&! =/2/! '+28/'/)>! \0,/! 4%,-/)7! '$/! 532+1%0%5/2&! +2/! '$/0! +0+.*&/)! 532! '$/%2! @K:! %&3'34/! ,30'/0'>! #$%&! =+&! ,+22%/)! 3('! +'! '$/! b5#U'&8#6#'8! Y5U#&057'562.! W'8'2&@,! 1'56&'! CBHPM:A! M+)%3,+2<30!]+'%08!c+!I>@"!:A!+0)!'$/!Z2=0&260#&'!3'!F'8%&'!3%!12&=05'!([! CR2+0,/A!(&%08!+,,/./2+'32!1+&&!&4/,'231/'2*!CQYBA!1/'$3)&>!#$/!QYB!2/,32)&!'$/!2+'%3!35!@K:! '3!'$/!&'+<./!@":!+0)!@I:!+0)!(&/&!'$%&!'3!,+.,(.+'/!'$/!/F'/0'!35!)/,+*!+0)!'$/2/532/!)+'/!35! '$/!&+14./>!#$%&!%0L3.L/&!,30L/2'%08!'$/!&+14./!'3!82+4$%'/!+0)!<31<+2)/)!<*!,+/&%(1!%30&! C:&xA>!#$/!2/&(.'!%&!+!2/./+&/!35!0/8+'%L/!,+2<30!+'31&!C:6A!=$%,$!+2/!+,,/./2+'/)!'$23(8$!'$/! QYB! <*! 1+80/'&! (0'%.! /./,'230&! +2/! 2/13L/)! +0)! '$/*! +2/! ,3../,'/)! +&! :Ix! %30&! 35! &.%8$'.*! )%55/2/0'! 1+&&! )/4/0)%08! 30! '$/! %&3'34%,! 0(1! #$/! )%55/2/0,/! %0! 1+&&! 35! @":l@I:!+0)!@K:!,+0!'$/0!!

!

"#$%&'! L)(J*! C?! W23#02@6#U'! 3'@29! <,2./B.#/'?! 0/! ([1)! Q'@29! #8! '>A05'56#2.! 0U'&! 6#7')! M?! +,'! A.25605#@! /0&27#5#/'&2! -)!=%..0#3'8a! %8'3! #5!%.(*+ *%&/3=+ A6,-)+ 2,'+ BCC+ D0=+ ?#%.+ (0,4)*+ 5'#0+

!

!

!

!

! ! ! *3-/':#/* ! !

$2.='+)->?-0+*,@*A-B+,(4',-

$2.='+)-C?-=-&)6-"#0$;*3-/':#/*

*

-

-

-

-

KT! ! > :+).5)(,4"/89.).* !

#$%&!&'()*!('%.%&/&!'=3!&/'&!35!+,3(&'%,!)+'+!5231!'$/!9(.5!35!:+)%;>!R%2&'.*7!%0!'$/!/+&'/20!9(.5!35! :+)%;7!"]!C+%28(0A!&/%&1%,!&(2L/*7!4+2+&3(0)7!+0)!<+'$*1/'2%,!)+'+6&/'&!+,,314+0*!&/)%1/0'! ,32/! )+'+! C&//! :$+4'/2! IA>! Q! '3'+.! 35! o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

>"# $DE1DFBGHIB-JA%(,'*A-8.'.--

#$%&! 0/=! )+'+6&/'! %&! !Q&!&(,$7!'$/2/!%&!+!=%)/!L+2%/'*!35!2/&/+2,$!+%1&!532!'$%&!)+'+>!+,#8! 2/&/+2,$!'$/&%&!/0)/+L3(2&!'3!(&/!%'!'3G!

@A Y+4!'$/!1+%0!1324$3.38%,+.!5/+'(2/&!35!'$/!42/&/0'!)+*!(&%08!'$/!0/=!<+'$*1/'2%,! )+'+6&/'!'3!%)/0'%5*!'$/!)/43&%'%30+.!/0L%2301/0'&!+,23&&!'$/!/+&'/20!9(.5!35!:+)%;>! "A :322/.+'/!'$/!,32/!+0)!4+2+&3(0)!)+'+!'3!+&&/&&!,30'3(2%'/!&+0)!+,3(&'%,!2/&430&/>!! IA H&/!-/*!&/%&1%,!.%0/&!'3!+&&/&&!'$/!1+%0!)/43&%'%30+.!/0L%2301/0'&!=$/2/!,30'3(2%'/! &+0)&!+2/!)/43&%'/)!+0)!(&/!'$%&!'3!&(4432'!'$/!/L%)/0,/!5231!'$/!&/)%1/0'!)+'+>!!

E"#"# ;*&68.)*,@+*)%8, R%8(2/!K>@!3('.%0/&!'$/!L+2%/'*!35!4+2+&3(0)!+,3(&'%,!5+,%/&>!R3(2!-/*!5+,%/&!+2/!%)/0'%5%/)?!@A!Q! =/+-7! .3=! +14.%'()/! 5+,%/&! 2/8(.+2.*! &$3=%08! +! $*4/2<3.%,! 2/&430&/G! "A! Q! .+'/2+..*! L+2%+<./! 5+,%/&! =%'$! .3,+..*! L/2*! $%8$! +14.%'()/! 2/&430&/! +0)! .3=! 4/0/'2+'%30! )/4'$&G! IA! Q! .+'/2+..*! ,30'%0(3(&7! 13)/2+'/6! '3! $%8$6! +14.%'()/! 5+,%/&! =%'$! 13)/2+'/! 4/0/'2+'%30! +0)! 4+2+../.! 2/5./,'%30&!3<&/2L/)!%0!'$/!&(<&(25+,/G!+0)!KA!c+'/2+..*!,30'%0(3(&!.3=!+14.%'()/!2/5./,'%30&! =%'$!833)!4/0/'2+'%30!+0)!2/5./,'%30!,30'%0(%'*!=%'$!30.+4!2/.+'%30&$%4&>!#$/&/!)%55/2/0,/&!+2/! )%2/,'.*! .%0-/)! '3! &/)%1/0'! '*4/! 30! '$/! &/+! !!

_N! ! E"#"! =&123&8%<):%/.+19,@%+.61%8, f331%08!3('!35!'$/!4+2+&3(0)!)+'+!+.&3!8%L/&!,.(/&!'3!'$/!)/43&%'%30+.!423,/&&/&!3083%08!%0! '$/! &'()*! +2/+! CR%8>! K>"A>! Q.'$3(8$! +! 5(..! %0'/242/'+'%30! 35! '$/! &/%&1%,! (0%'&! +0)! '$/%2! )%&'2%<('%30&!%&!3('&%)/!'$/!&,34/!35!'$%&!&'()*!Cc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l! <+&/! 35! '$/! D(+'/20+2*! +,,32)%08! '3! &'()%/&! <*! W/20X0)/;6Y3.%0+! /'! +.>! C"N@KA>! R%0+..*7!'$/*!&$3=!'$/!2/.+'%30&$%4!!K>IA!CB,$.%';/2!"N@IA>!!

#$/!<+'$*1/'2%,!)+'+!$+&!!"NNTA!'3!1+4!'$/!1+%0!1324$3.38%,+.!5/+'(2/&>!#$/&/!,314.%1/0'! '$/! +&&3,%+'/)! &(<&(25+,/! )+'+! '3! 1+-/! 5%21! ,30,.(&%30&! 30! '$/! )/43&%'%30+.! /0L%2301/0'&! +,23&&!'$/!&'()*!+2/+!C&//!:$+4'/2!^A>!!

>"! 130-0+*,@*A-0()K+<,--

#$/!4%,-%08!35!-/*!&/%&1%,!2/5./,'%30&!CR%8>!K>KA!+0)!'$/!+0+.*&%&!35!&/%&1%,!(0%'&!+0)!5+,%/&!%0! '$/!#9B!&/%&1%,!&(2L/*!.3,+'/)!%0!'$/!032'$!35!'$/!9(.5!35!:+)%;!2/L/+.!+!,314./F!&*&'/1!'$+'!%&! /L3.L%08!3L/2!<3'$!&4+,/!+0)!'%1/>!#$/*!+2/!(&/)!%0!'$/!)%&,(&&%30!,$+4'/2&!'3G!

@A ]%&'%08(%&$!)/43&%'%30+.!423,/&&/&!%0!'$/!E.%3,/0/!&/,'%30!35!'$/!032'$/20!9(.5!35! :+)%;>! "A :$+2+,'/2%&/!+!<(2%/)!&+0)*!1%F/)!&*&'/1!%0!'$/!&(<&(25+,/>! IA [)/0'%5*!-/*!,30'23.&!35!'$/!)/43&%'%30!35!&+0)62%,$!,30'3(2%'/&>!! KA Q&&/&&!'$/!%1432'+0,/!35!1%F/)!&*&'/1&!%0!5321%08!43'/0'%+.!$*)23,+2<30!2/&/2L3%2&>!

#$/!+<3L/!43%0'&!=%..!!!

_@! ! _" !

!

"#$%&'![)(*!]'#87#@!253!2@0%86#@!/2@#'8!2@&088!6,'!'286'&5!-%./!0/!123#4)!

! _I !

! !

"#$%&'![)J*!+:0!#56'&A&'6'3!A2&280%53!.#5'8!/&07!6,'!.0:'&!8.0A'!0/!6,'!'286'&5!-%./!0/!123#4)!Z0@2.#69!8,0:5!#5!"#$)!L)J)!!

!

! !

"#$%&'![)L*!]'#87#@!'>27A.'8!/&07!6,'!'286'&5!-%./!0/!123#4)!G@'250$&2A,#@!3262!/&07!]@,.#64'&! !K>KA7!%0!+))%'%30!'3!'$/!+,3(&'%,! <+&/1/0'!+0)!&/+!!#$/&/!$32%;30&!&/4+2+'/!&/%&1%,!&/J(/0,/&!'$+'!)/130&'2+'/!)%55/2/0'! +,3(&'%,! ,$+2+,'/2%&'%,&7! +0)! $/2/! '$/*! =%..! ! [&3,$230! 1+4&! 8%L/! ,.(/&! '3! 4+&'! Y\a! 4+'$=+*&! <*! $%8$.%8$'%08! +2/+&! 35! /23&%307! L/2&(&! +2/+&! 35! &$//'/)! 32! 13(0)/)! )/43&%'%30>!`+&/)!30!%0)(&'2*!<32/$3./!)+'+7!'$/!)/4'$&!+0)!+8/&!35!'$/!1+b32!Y%3,/0/!+0)! E.%3,/0/!)%&,30'%0(%'%/&!CR%8>!K>KA!,+0!!#$/! D(+'/20+2*!&(,,/&&%30!$+&!42/L%3(&.*!7!"N@@A!+0)!,+2/!=%..! !!

! "#$%&'![)[*!Q'A6,!60!A#@;'3!&'/.'@6#05!<78!+E+?)!

__! ! :"!"#"# V0%BV4)'*%2%+

Q! ,30&%)/2+<./! '$%,-0/&&! 35! 3.)/2! &/)%1/0'&! (0)/2.+*! '$/! 9(.5! 35! :+)%;! ,30'3(2%'/! &*&'/1>! Y+F%1(1!&/)%1/0'!'$%,-0/&&!V_! 1&! #a#7! +.'$3(8$! '$/! 5321+'%30! 4%0,$/&! 3('! +.308! 1+0*! 35! '$/! &'2(,'(2+.! $%8$&>! #$/! &(,,/&&%30!%&!$/+L%.*!)/5321/)7!03=!3<&/2L/)!+&!4+.+/32/.%/5!%0!'$/!&/%&1%,!)+'+>!]/43&%'%30!35! '$/! :+)%;! Q..3,$'$303(&! H0%'!CY/)%+.)/+! /'! +.>! "NNKA! '$23(8$3('! '$/!Y%3,/0/! 2/&(.'/)! %0! +! ,314./F!+22+*!35!)/43&%'%30+.!<+&%0&!+0)!'/,'30%,!$%8$&>!Z/3'/,'30%&1!$+&!&%0,/!4(0,'(2/)!'$/! &/)%1/0'&!%0!&31/!2/8%30&7!13&'!03'+<.*!%0!'$/!/+&'!35!'$/!&'()*!+2/+!CR/20+0)/;6E(8+!/'!+.>! "NNVA>!

:"!"#"! <%)&/)*+H2)5+V#+

M0%53#5$!&'/.'@6#058*!#$/!<+&+.!2/5./,'%30!35!&/%&1%,!(0%'!E@!%&!)/5%0/)!<*!+!1+2-/)!,$+08/!%0! &/%&135+,%/&! +0)! 5321&! +! 1+b32! 30.+4! &(25+,/! CR%8>! K>_A>! ['! $+&! I! Y+! Cc.+L/! /'! +.>! "N@@A! +0)! +4423F%1+'/.*! 1+2-&! '$/! Y%3,/0/6E.%3,/0/! <3(0)+2*>! ['! $+&! ! "N@NG! "N@@A! +0)! %'! &$3(.)! ! C"N@"A7!=$%,$!%0&'/+)!1+2-&!'$/!=28'!35!'$/!Y%3,/0/>!#$/!3L/2.*%08!&/%&1%,!(0%'!%&!$/2/!0+1/)! E@!'3!,322/.+'/!'3!'$/!c.+L/!/'!+.>!C"N@@A!,.+&&%5%,+'%30!&,$/1/!+0)!,322/.+'/&7!%0!4+2'7!'3!H@!%0! '$/! M3J(/! /'! +.>! C"N@"A! &/J(/0,/! ,.+&&%5%,+'%30>! #$/! (0%'! %&! '/0'+'%L/.*! )+'/)! +&! '$/! P+2.*! f+0,./+0>!

Q#86&#=%6#05*! R%8>! K>^! &$3=&! +0! %&3,$230! 1+4! 35! &/%&1%,! (0%'! E@! +0)! ,./+2.*! &$3=&! +! ,30&%)/2+<./!)/43,/0'2/!%0!'$/!ZP!35!'$/!&'()*!+2/+>!W/2/7!%'!2/+,$/&!'$%,-0/&&/&!35!N>"_!1&! <('!4%0,$/&!3('!<+&%0=+2)&!'3!'$/!&3('$!+0)!&3('$=/&'>!!

]'#87#@!@,2&2@6'&!253!'U0.%6#05!2@&088!6,'!86%39!2&'2*!B/%&1%,!(0%'!E@!%&!1+)/!(4!35!&'+,-/)! $%8$!+14.%'()/7!.+'/2+..*!,30'%0(3(&!2/5./,'%30!/L/0'&>!c3,+..*7!13)/2+'/!2/5./,'%30!+14.%'()/&! +44/+2!+'!'$/!<+&/!35!'$%&!(0%'>![0!8/0/2+.7!+!=/+-!2/&430&/!%&!3<&/2L/)!+'!'$/!<+&/7!%0,2/+&%08! (4=+2)&! +0)! /L3.L%08! '3=+2)&! $%8$! +14.%'()/7! .+'/2+..*! /F'/0&%L/! 2/5./,'%30&! '$+'! '34! '$/! &/J(/0,/>! #$%&! %&! %0! ,30'2+&'! '3! '$/! (0)/2.*%08! =/+-! '3! &/1%6'2+0&4+2/0'! +0)! 132/! ,$+3'%,! &/%&135+,%/&!35!'$/!c+'/!Y%3,/0/>!#$/!4+,-+8/!$+&!!K>_A>! ]/5321+'%30! %0,.()/&! 5+(.'%087! )%&4.+,/1/0'! )(/! '3! '$/! (4.%5'! 35! '$/! 9(+)+.J(%L%2! `+0-! +0)! .3,+.%&/)!)/5321+'%30!<*!$+.3-%0/&%&!CR%8>!K>_A>!!

_^! ! !

!

"#$%&'![)_*!!]'#87#@!.#5'8!TQKKBVL_!

_V! ! "#$%&'! [)^*! D80@,&05! 72A8! /0&! 3'A08#6#052.! 8'\%'5@'8! T(BdDD)! W'38! 2&'! 3'A0@'56&'8)! ]6&%@6%&2.! ,#$,8! 2&'! 0%6.#5'3!#5!=.2@;)!C!@.'2&!@056&286!#5!6,'! /0@%8! 0/! 3'A08#6#05! ='6:''5! 6,'! d%26'&52&9! 253! 6,'!T.#0@'5'! 8'@6#058! #8! 8''5)! C! 72i0&! &'$#05! 0&! 2=8'56! 8'3#7'5626#05!<'&08#05?!#8!8''5!#5!Td)! + !

:"!"#"7 <%)&/)*+H2)5+V!++

M0%53#5$! &'/.'@6#058*! Q.'$3(8$! .+28/.*! ,305321+<./! =%'$! '$/! (0)/2.*%08! E@! &/%&1%,! 4+,-+8/7! '$/! 2/5./,'%30! &/4+2+'%08! (0%'&! E@! +0)! E"! %&! .3,+..*!1+2-/)! +&! +0! 30.+4! &(25+,/! CR%8>! K>_A>! [0! ,314.%+0,/!=%'$!c.+L/!/'!+.>!C"N@@A7!%'!%&!0+1/)!'$/!c3=/2!E.%3,/0/!]%&,30'%0(%'*!CcEMA>!\0.+4!%&! &//0!42%1+2%.*!+.308!'$/!,30'%0/0'+.!&.34/7!+0)!'3!&31/!/F'/0'!%0!1%032!)/43,/0'2/&!5321/)! !#$/2/!+44/+2&!'3!!

_O! ! Q#86&#=%6#05*!E"!2/+,$/&!%'&!1+F%1(1!'$%,-0/&&!%0!'$/!032'$/+&'!35!'$/!&'()*!+2/+7!=$/2/!%'!%&! N>@_!1&!#a#>!Y+F%1(1!'$%,-0/&&/&!,3%0,%)/!=%'$!+0!+2/+!35!,$+3'%,!&/%&1%,!5+,%/&!CR%8>!K>_!QA>! #$/2/!%&!+.&3!+!)/43,/0'2/!%0!'$/!&3('$/+&'!2/+,$%08!N>@I!1&!#a#!CR%8>!K>^A>!#3=+2)&!'$/!=/&'7! '$/!4+,-+8/!'$%0&!,30&%)/2+<.*!+0)!%0!4.+,/&!%'!%&!,314./'/.*!+<&/0'!=$/2/!%'!$+&!!

]'#87#@!@,2&2@6'&!253!'U0.%6#05!2@&088!6,'!86%39!2&'2*![0!'$/!/+&'!35!'$/!&'()*!+2/+7!'$/2/!%&!+! 1+2-/)!,$+08/!%0!&/%&135+,%/&!+,23&&!'$/!cEM!)%&,30'%0(%'*>!#$/2/!%&!+!,$+08/!5231!.+'/2+..*! ,30'%0(3(&! 2/5./,'%30&! %0! &/%&1%,! (0%'! E@! '3! $%8$.*! ,$+3'%,! %0! E">! #$/! 4+,-+8/! %'&/.5! &$3=&! L+2%/)! ,$+2+,'/2! +,23&&! '$/! 2/8%30>! #3! '$/! 032'$/+&'7! +! '$%,-! &(,,/&&%30! 35! ,$+3'%,! &/%&1%,! 5+,%/&! )31%0+'/&! CR%8>! K>_! QA>! W3=/L/27! <+&%0=+2)&! +0)! =/&'=+2)&! +.308&.34/7! '$%&! /L3.L/&! '3=+2)&!$%8$!+14.%'()/7!4+2+../.!2/5./,'%30&!CR%8>!K>_!`A>!!

:"!"#": +<%)&/)*+H2)5+V7+

M0%53#5$!&'/.'@6#058*!#$/!$%8$!+14.%'()/!2/5./,'%30&!35!&/%&1%,!4+,-+8/!E"!1+-/!=+*!532!132/! '2+0&4+2/0'!5+,%/&!3L/2!.+28/!&=+'$&!35!'$/!&'()*!+2/+!%0!EI!CR%8>!K>_!QA>!#$/!'$%0!C03!82/+'/2! '$+0! @>@! 1&! #a#A! H44/2! E.%3,/0/! EI! 4+,-+8/! %&! <3(0)/)! <*! '$/! )%&,30'%0(%'%/&! )/5%0/)! <*! c.+L/!/'!+.>!C"N@@AG!'$/!HEM!+'!%'&!<+&/!+0)!'$/!`+&/!D(+'/20+2*!]%&,30'%0(%'*!C`D]A!30!'34>! #$/!<+&+.!)%&,30'%0(%'*!%&!1+2-/)!<*!+!,$+08/!%0!&/%&135+,%/&!%0!'$/!&3('$/+&'!35!'$/!&'()*! +2/+! +0)! .3,+.%&/)! 30.+4! +0)! )3=0.+4>! #$/2/! %&! &31/! /L%)/0,/! '$+'! '$%&! %&! +0! /23&%30+.! )%&,30'%0(%'*!CR%8>!K>_A7!+0)!c.+L/!/'!+.>!C"NN@A!$+L/!03'/)!%'&!/23&%L/!,$+2+,'/2!%0!3'$/2!&'()%/&>! #$/!3L/2.*%08!&/J(/0,/!EI!%&!13&'!.%-/.*!c+'/!E.%3,/0/!CP+2.*!E%,/0;%+0A!%0!+8/>!!

Q#86&#=%6#05*!B/%&1%,!H0%'!EI!%&!,314./'/.*!+<&/0'!+,23&&!1(,$!35!'$/!032'$!35!'$/!&'()*!+2/+>! `+&%0=+2)&7!%'!$+&!!P.&/=$/2/!+!,30&%&'/0'!'$%,-0/&&!35!+4423F%1+'/.*!N>@!1&!#a#!%&!1+%0'+%0/)!=%'$! &31/!'$%00%08!'3!'$/!=/&'!CR%8>!K>^A>!

]'#87#@! @,2&2@6'&! 253! 'U0.%6#05! 2@&088! 6,'! 86%39! 2&'2*! B/%&1%,! (0%'! EI! 1+2-&! +! ,$+08/! %0! +,3(&'%,!2/&430&/7!=%'$!+!13L/!'3!+!=/+-!&/1%6'2+0&4+2/0'!&/%&1%,!2/&430&/!'$23(8$3('!'$/! &'()*! +2/+>! Q&! =%'$! '$/! (0)/2.*%08! &/%&1%,! (0%'! E"7! ,$+3'%,! &/%&135+,%/&! ,$+2+,'/2%&/! '$/! 032'$/+&'! 35! '$/! &'()*! +2/+! =$/2/+&! &/1%6,30'%0(3(&7! 4+2+../.! 2/5./,'%30&! +2/! &//0! %0! '$/! 2/1+%0%08!2/8%30>!

:"!"#"D <%)&/)*+H2)5+VW++

M0%53#5$!&'/.'@6#058*!#$/!`+&/!D(+'/20+2*!]%&,30'%0(%'*!C`D]A!%&!)/5%0/)!<*!42/L%3(&!&'()%/&! Cc.+L/! /'! +.>! "N@NG!"N@@G! M3J(/! /'! +.>! "N@"A! +0)! %&! /+&%.*! %)/0'%5%/)! <*! %'&! $%8$! +14.%'()/>!['! _T! ! 1+2-&! '$/! <+&/! 35! &/%&1%,! (0%'! ED! +0)! '$/! 30&/'! 35! &/%&1%,! (0%'! 42382+)+'%30+.! &'+,-%08>! E2/L%3(&!&'()%/&!$+L/!)+'/)!'$%&!2/5./,'%30!+&!">^!Y+!Cc.+L/!/'!+.>!"N@@G!M3J(/!/'!+.>!"N@"A>!#$/! (44/2!<3(0)+2*!%&!+&!*/'!(00+1/)!+0)!%&!%)/0'%5%+<./!)(/!'3!%'&!$%8$.*!/23&%L/!0+'(2/!%0!'$/! /+&'! 35! '$/! &'()*! +2/+! =$/2/! &4/,'+,(.+2! /23&%30+.!'2(0,+'%30&! +2/! &//0! CR%8>! K>_! QA>! [0! '$%&! &'()*7!'$/!/23&%30+.!&(25+,/!$+&!!!

Q#86&#=%6#05*!#$/!&/%&1%,!(0%'!$+&!!`+&%0=+2)&7!'$/!&/%&1%,!(0%'!%&!42/&/2L/)!+0)!%&! &//0!'3!'$%,-/0!,30&%)/2+<.*!'3!'$/!=/&'!CR%8>!K>^A7!=$%,$!%&!%0!&'+2-!,30'2+&'!'3!'$/!(0)/2.*%08! E.%3,/0/!&/%&1%,!(0%'!EI7!=$%,$!6,#55'3!'3!'$/!=/&'>!B%80%5%,+0'!'$%00%08!3L/2!)%+4%2&!%0!'$/!/+&'! 35!'$/!&'()*!+2/+!%&!&//0!'$23(8$3('!'$/!/0'%2/!&/,'%30>!

]'#87#@! @,2&2@6'&! 253! 'U0.%6#05! 2@&088! 6,'! 86%39! 2&'2*! Q! 56"$#6778' +:#44#&>' 4%Z2%&1%9' %&! %)/0'%5%/)!+,23&&!'$/!(44/2!&.34/7!+0)!+&!+!2/&(.'7!'$/!(0%'!,+0!30.*!!U/2*!.%''./!,+0!!W%8$! +14.%'()/7! .+'/2+..*! /F'/0&%L/! +882+)+'%30+.! &/%&1%,! 2/5./,'%30&! =%'$! 1+0*! 2/5./,'%30! '2(0,+'%30&!+2/!&//0!=%'$%0!'$/!&/J(/0,/!CR%8>!K>_A>!

:"!"#"X +W?-5%02-0;+

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

! !

^N! ! !

!

! ! ! *3-/':#/* ! !

$2.='+)->?-=-)/6)(*3-/':#/-

$2.='+)-C?-0+/*@+&'.)<-B+,(4',-

*

*

-

-

-

-

-

^@! ! ? :+&)5+"#/$9,4"/89.).* !

C"# 0+/*@+&'-L.A*+,--

Q0! %1432'+0'! +&4/,'! 35! ,30'3(2%'/! %)/0'%5%,+'%30! +'! ,32/6&,+./! %&! '$/! 5+,%/&! +0)! 5+,%/&! +&&3,%+'%30&!3<&/2L/)>!#$%&!,+0!!:32/!&+14.%08!+0)!)/'+%./)!&/)%1/0'3.38%,+.!+0+.*&%&!%&7!$3=/L/27!,3&'.*!+0)!(06 +''+%0+<./! %0! 1+0*! &%'(+'%30&>! [0! '$%&! &/,'%30! '$/2/532/7! =/! /F+1%0/! '$/! 5+,%/&! +0)! '$/%2! +&&3,%+'%30&!=%'$!'$/!+%1!35!@A!%)/0'%5*%08!+0*!)%+803&'%,!,2%'/2%+!532!,30'3(2%'/!&+0)&7!+0)!"A! ,30&%)/2!'$/!)2%L%08!5+,'32&!532!'$/!L+2%/'*!35!&/J(/0,/&!3<&/2L/)>!

#$%&!=32-!1+-/&!(&/!35!3L/2!^N!1/'2/&!35!&/)%1/0'!,32/!5231!'$/!&+0)64230/!/+&'/20!9(.5!35! :+)%;! 5231! +! L+2%/'*! 35! ,30'3(2%'/! )/43&%'%30+.!/0L%2301/0'&>! #$/&/! +2/?! @A! '$2//! ,314./'/! 4%&'30!+0)!30/!<3F!,32/7!=%'$!,32/!'34!&+14./&!5231!+!5(2'$/2!53(2!<3F!,32/&!,3../,'/)!5231! '$/!/+&'/20!9(.5!35!:+)%;!30!'$/!:\Z#\HM[`PM6@!&,%/0'%5%,!,2(%&/G!"A!'$2//!,30L/0'%30+.!,32/&! )2%../)!'$23(8$3('!'$/!=%)/2!9(.5!35!:+)%;!2/8%30!)(2%08!'$/![\]E!IIT!PF4/)%'%30G!+0)!IA!&%F! .3=/26!'3!1%)6&.34/!4%&'30!,32/&!,3../,'/)!30!'$/!ZPM:!]%&,3L/2*!,2(%&/!]"KT!CR%8>!I>@A>!!

#$/! +<3L/! 3('.%0/)! ,32/&! 2/42/&/0'! +! =%)/! L+2%/'*! 35! &+0)64230/! ,30'3(2%'/! )/43&%'%30+.! /0L%2301/0'&! +0)! 423,/&&/&! &3! '$+'! +! 23<(&'! )%+803&'%,! ,2%'/2%+! ,+0! !#$/*!+.&3!423L%)/!0/=!)+'+!30!'$/!)%&'2%<('%30!35!&+0)!+,23&&!'$/!9(.5!35!:+)%;! <3'$!%0!'$/!4+&'!+0)!'3)+*>!!

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

Q..!'$/!2/&(.'&!$+L/!!#+<./!_>@!.%&'&!'$/!4/2,/0'+8/!35!&+0)!532!/+,$!,32/!'34!1/+&(2/1/0'!

^"! ! +0)!L%&(+..*!%0)%,+'/&!'$/!82+L/.7!&+0)!+0)!1()!C&%.'!4.(&!,.+*A!432'%30&>!#$/&/!$+L/!'$/0!!_>@>!!

#$%&!+0+.*&%&!8%L/&!+!0/=!+0)!!#$/!13)/20!&+0)!)%&'2%<('%30!&$3=&!+!,314./F! 2/.+'%30&$%4! !

A"#"! -%<):%/.,@+*)%8, Q!'3'+.!35!@I!,32/&!$+L/!!:+2/!=+&!'+-/0!'3! 03'/!5+,%/&!+0)!5+,%/&!&/J(/0,/&!'$23(8$3('!'$/!L%&(+.!.388%08!423,/&&!+0)!&/)%1/0'+2*!(0%'&! =/2/! %)/0'%5%/)>! a$/2/! +44.%,+<./7! '$/! :#6%1+8%08! +.&3! +%)/)! .388%08! +0)! '$/! +))%'%30+.! %05321+'%30!8./+0/)!5231!'$/!'$2//6)%1/0&%30+.!:#6%1+8/&!%&!3('.%0/)!!!

!

"#$%&'!_)(*!F03'&5!329!8253!3#86&#=%6#05!2@&088!6,'!-%./!0/!123#4)!F03#/#'3!/&07!P'.805!'6!2.)! <(SSL?!%8#5$!5':.9B2@\%#&'3!@0&'B60A!$&2#5!8#4'!7'28%&'7'568)!! ^I! ! !'@/>&! !0'&! M(-#1C! 9(M(( ((399(M(

:\Z#\HM[`PM! `:N"! K>I!

:\Z#\HM[`PM! `:NI! "N>"!

:\Z#\HM[`PM! E:NK!#9! "^>@!

:\Z#\HM[`PM! `:N_! TT>_!

:\Z#\HM[`PM! `:N^! O">K!

:\Z#\HM[`PM! E:NO!#9! @K>_!

[\]E!IIT! H@IOO! TV!

[\]E!IIT! H@IOT! "O>@!

[\]E!IIT! H@ITN! K>T! !

+2=.'!_)(*!+,'!703'&5!329!8253!@056'56!0/!'2@,!@0&'!60A!#5!6,'!-%./!0/!123#4)!

D"#"!"# 6G+I%&?45&++

Q0!3L/2L%/=!35!'$/!'$2//!4%&'30!,32/&!'$+'!=/2/!&,+00/)!CE:NK7!E:N^!+0)!E:NOA!&$3=&!'$+'! '$/2/! +2/!,./+2! )%55/2/0,/&! %0! '$/! <(.-! )/0&%'*! 35! '$/! &/)%1/0'! +'! /+,$! ,32/! &%'/>! R%8(2/! _>"! &$3=!'$/!/0'%2/!:#6416&&%;'1)"%'24#&>'$*%'+\6#&"6:59'1)7)2"'@6"'!#$*'6'1)&$"64$')('YTT'6&;'6' <2%8$'0/&&!35!@@IN!%0!32)/2!'3!34'%1%&/!'$/!)/0&%'*!,30'2+&'&!=%'$%0!'$/!,32/&>!P+,$!%1+8/!=+&! '+-/0!+'!"N!11!)/4'$!5231!'$/!&.+!E:N^!&$3=&! '$/! 4332/&'! J(+.%'*7! 4+2'%,(.+2.*! %0! '$/! (44/2! &/,'%30! CR%8>! _>"A>! Z/L/2'$/./&&7! '$/! ,32/! 4$3'382+4$&7!&//0!'3!'$/!./5'!35!'$/!:#6%1+8/!CR%8>!_>"A!&$3=!'$+'!'$/!./L/.!35!3<&/2L/)!)/'+%.! '$+'!p62+*!,314('/)!'31382+4$*!,+0!*%/.)!%&!'2(.*!%142/&&%L/>!!

#$/! 3<&/2L/)! )/0&%'*! ,30'2+&'&! +2/! (&/5(.! %0! '$/! %)/0'%5%,+'%30! 35! )%&,30'%0(%'%/&>! #$/2/! +2/! &31/!,.+&&%,!/F+14./&!35!'$/!%,$035+,%/&!-.088#/%5$#6'8!C/>8>!E:NK!+'!K>_1A!CR%8>!_>"A!=$%,$!%&! )/5%0/)! +&! +0! /23&%30+.! $%+'(&! 5231! =$%,$! .+28/6&,+./! <(223=&! 4/0/'2+'/! )//4.*! %0'3! '$/! (0)/2.*%08!&(<&'2+'/!CY+,P+,$/20!/'!+.>!@TT"A>!B31/!)%&,30'%0(%'%/&!%0!'$/!4%&'30!,32/&!+44/+2! '3! $+L/! !B(,$!)%&,30'%0(%'%/&!1+*!!!

^K! ! #$/! $%8$! ./L/.! 35! )/'+%.! :#6&,+00%08! 423L%)/&! $+&! ! ]%&,2/'/!!_>"A!'$+'!+2/!3'$/2=%&/!4332.*!%1+8/)!%0! '$/! ,32/! 4$3'382+4$>! #$/! (44/213&'! &/,'%30! 35! E:N^! $+&! ! #$/2/532/7! 32%8%0+.! &/)%1/0'+2*! 5/+'(2/&! $+L/! 03'! ! P.&/=$/2/7! '$/2/! +2/! &31/! J(/&'%30+<./! %0)%,+'%30&! 35! .+1%0+'%30&! CR%8>! _>IA! +0)! ,23&&6!!

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

^_! ! 42/&/2L/)!/F+14./!35!]@0.#@#2!%&!&//0!%0!E:NK!+'!+!)/4'$!35!_>_1>!

D"#"!"! P)&?-4+Q'11)21+I%&?45&+

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`:N_! $+&! +.&3! K7! <('! .388%08! =+&! %143&&%<./! )(/! '3! '$/! &(<&+14.%08! +'! +,J(%&%'%30>! Y+0*! 132/! ,32/&! =/2/! .388/)! '3! +! ./&&/2! 2/&3.('%30! +,23&&! '$/! =%)/2! 9(.5! 35! :+)%;G!'$/!'34!'/0!1/'2/&! =/2/! 8/0/2+..*! .388/)! +0)!,+0!_>! R231! '$/! ,32/! .38&7! ,$+08%08! 5+,%/&7! )%&,30'%0(%'%/&! +0)! '/0'+'%L/! &/)%1/0'+2*! (0%'&!+2/!%)/0'%5%/)>!!

!

"#$%&'!_)L*!Y>27A.'!0/!6,'!&25$'!0/!=#06%&=26#05!869.'8!#5!6,'!A#8605!@0&'8)!+0!6,'!.'/6!#8!2!$&'9B 8@2.'!1+B8@25!0/!6,'!@0&'a!253!60!6,'!&#$,6!6,'!#56'&A&'6'3!8'@6#05)!+,'&'!#8!2!A2&6#@%.2&.9!/#5'! '>27A.'!0/!X00A,9@08!#5!6,#8!8'@6#05)!"&07!T1K[!L!7!3'A6,)!!!

^^! ! !

"#$%&'!_)[!@056#5%'3!0U'&.'2/!

^V! ! !

"#$%&'!_)[!@056#5%'3!0U'&.'2/!

!

^O! ! !

"#$%&'!_)[!@056#5%'3!0U'&.'2/!

!

^T! ! !

!

"#$%&'!_)[!@056#5%'3!0U'&.'2/!

!

VN! ! !

"#$%&'!_)[!@056#5%'3!0U'&.'2/!

!

V@! ! !

"#$%&'!_)[*!Q'62#.'3!#56'&A&'626#05!.0$8!0/!'#$,6!0/!6,'!$&2U#69!@0&'8!@0..'@6'3!/&07!6,'!'286'&5! -%./! 0/! 123#4)! "2@#'8! 3'8@&#A6#05! 0/! 6,'! 8'3#7'56! 2&'! #5@.%3'3)! 10&'! .0@26#058! #53#@26'3! 05! "#$%&'!L)()!! V"! ! &''()!!!*+,!-./'(!0/)(1!

! 2/3()!-./'(!0/)(1!

! !"#$%&'!_)_*!"2@#'8!8'\%'5@'8!0=8'&U'3!2@&088!(J!8'3#7'56!@0&'8!#5!6,'!-%./!0/!123#4)!Z0@2.#6#'8! 2&'!#53#@26'3!05!"#$)!L)()!e'&6#@2.!8@2.'!#53#@26'3!05!.0$!b(LV^!<60A!.'/6?)!!

VI! ! D"#"!"7 6'25'?0)5%+8-*)%&++ a%'$%0!'$%&!&+0)62%,$!,30'3(2%'/!)/43&%'%30+.!&*&'/17!+!0(1!!

D"#"!"7"# K)'5?0@-5%3+/?33;+*'25'?0)5%+9-*)%&+ !Y())*! &/,'%30&! 2/8(.+2.*! +44/+2! @NNr! 2/=32-/)! CR%8>! _>^! QA>! #$/! ,32/! &(25+,/! +44/+2&! 1+&&%L/!+0)!&'2(,'(2/./&&7!=%'$!03!! U/2*!&1+..6&,+./!<(223=&!,+0!

!

"#$%&'!_)^*!10560%'!/2@#'8!0=8'&U'3!2@&088!6,'!'286'&5!-%./!0/!123#4)!C?!M#06%&=26'3!7%339! @0560%'!/2@#'8!T1KVj(!_KBVK!@7O!M?!F066.'3!8#.69!@0560%'!/2@#'8!T1K[j[![_B`_!@7O!1?!e'&9! /#5'! 82539! 7066.'3! @0560%'! /2@#'8! T1K[j^! L^B^^! @7O! Q?! "#5'! 82539! =#06%&=26'3! /2@#'8! Q(LSKKj[! V_B(K_O! Y?! F'3#%7! 82539! @0560%'! /2@#'8! :#6,! .27#526#05! b(LVVMjJKfB_! ^VB`V! @7O! "?! F288#U'! 7'3#%7! 82539! @0560%'! /2@#'8! b(LVV! C! (HB(! S[B(([! @7O! -?! 102&8'! 82539! @0560%'!.2$!8'3#7'56!M1K_!K!@7)!P06'!@,25$#5$!U'&6#@2.!8@2.'8)!

VK! ! %0!./08'$!+0)!+2/!,$+3'%,+..*!32%/0'+'/)!+0)!,23&&6,(''%08>!B31/!'$%0!<('!.308/2!C"6@N!,1!%0! ./08'$A!L/2'%,+.!<(223=&!,+0!!#$/&/!+2/!'+-/0!'3!!_>IA>!1,053'87!+! &1+..6&,+./!<2+0,$%08!'(00/.!&*&'/17!+2/!+.&3!,31130!CR%8>!_>IA>!`3'$!'$/&/!'2+,/!53&&%.&!+2/! &1+..6&,+./7! &$3=%08! )%+1/'/2&! 35! 30.*! +! 5/=! 1%..%1/'2/&>! \28+0%,! 1+'/2%+.! +0)! 2+2/! &$/..! )/<2%&! +2/! +.&3! &//0! %0! '$/! ,32/>! :30'3(2%'/! 1()&! '/0)! '3! ! `/)! '$%,-0/&&/&! L+2*! +,23&&! '$/! 9(.5! 35! :+)%;! 1+28%07! <('! 8/0/2+..*! !

D"#"!"7"! $'554%3+&)45;+*'25'?0)5%+9-*)%&+ #$/!&%.'*!5+,%/&!53(0)!%0!'$/!9(.5!35!:+)%;!&$3=!,$+2+,'/2%&'%,&!&%1%.+2!'3!'$3&/!&//0!%0!1+0*! ,30'3(2%'/!)2%5'&>!#$/*!3,,(2!+&!)%&'%0,'!! W%8$.*! <%3'(2<+'/)7! 5%0/! &%.'&! 35'/0!&$3=!+!13''./)!+44/+2+0,/!+'!'$/!,32/!&(25+,/!CR%8>!_>^!`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a$/2/!%0'/2!#$/!&%.'&!'/0)!'3!!

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a$/0!'$/*!+2/!&(,,/&&5(..*!2/,3L/2/)7!'$/*!+2/!&(&,/4'%<./!'3!! Q&! +! 2/&(.'7! %'! %&! )%55%,(.'! '3! 3<&/2L/! )%&'%08(%&$%08! 5/+'(2/&! %0! '$/&/! 5+,%/&>! a$/2/! 42/&/2L+'%30! %&! ! a$/2/! '$/! ,32/! 2/+,$/&! $%8$! &+0)! ,30'/0'! C82/+'/2! '$+0! VNrA! '$/2/! %&! +! 1+2-/)! 2/)(,'%30! %0! <%3'(2<+'%30! 35! '$/! &/)%1/0'>! U/2*! .+28/6&,+./! C82/+'/2! '$+0! @! ,1! )%+1/'/2A! <(223=&! 1+*! ! _>^! ]A7! =%'$! &31/! 2+2/! $%0'&! 35! .+1%0+'%30! CR%8>! _>^! PA! W/20X0)/;6Y3.%0+!/'!+.>!"N@I!Y3&'!,31130.*7!$3=/L/27!1/)%(1!&+0)!5+,%/&!+2/!1+&&%L/! CR%8>!_>^!RA>!:3+2&/2!&+0)*!+0)!82+L/.!.+8&!+0)!./0&/&!+2/!+.&3!,31130>!#$/*!=%..!'/0)!'3!&$3=! 82+)+'%30+.! ! #$/2/! +2/! +.&3! +<2(4'! /23&%L/! ,30'+,'&7! 4+2'%,(.+2.*! '$/! (44/2! <3(0)+2*>! Y/)%(1! ,30'3(2%'/! &+0)! 5+,%/&! '/0)! '3! ! &$3=! 43326! '3! 13)/2+'/.*6&32'%08!CB'3=!+0)!R+(8S2/&!"NNOA>!

D"#"!"7"D 6'-0&%+&-23;+-23+10-.%4+*'25'?0)5%+9-*)%&+ !H0,30&3.%)+'/)!,3+2&/!&+0)*!5+,%/&!+2/!03'32%3(&.*!)%55%,(.'!'3!,3../,'!=%'$3('!&%80%5%,+0'!.3&&! 35!1+'/2%+.!+0)!)/5321+'%30>!:3+2&/!&+0)!5+,%/&!+2/!53(0)!13&'!,31130.*!%0!'$%0!.+8!.+*/2&! =%'$!/23&%L/!<+&+.!<3(0)+2%/&>!B(<6&+14.%08!5231!<3F!,32/!`:N_!C.3,+'%30!&$3=0!%0!R%8>!I>@A! &$3=&! 82+)+'%30+.! &*11/'2%,+.! 82+)%08! +0)! /L%)/0,/! 35! .+1%0+'%30>! #$/! ,3+2&/! ,30'3(2%'/! &+0)&!$+L/!+!.+28/!<%3,.+&'%,!,31430/0'!,30&%&'%08!35!<23-/0!&$/..*!1+'/2%+.!CR%8>!_>^!9A>!!

#$/!5%L/!5+,%/&!+<3L/!+2/!&//0!%0!L+2*%08!423432'%30&!+,23&&!'$/!&'()*!+2/+>![0!+))%'%307!&31/! 3'$/2!C0306,30'3(2%'/A!5+,%/&!+2/!3<&/2L/)>!W/1%4/.+8%,&!+2/!$3138/03(&!+0)!&$3=!)%&'%0,'! ,3.3(2! ,$+08/&>! #$%06!_>_A>!!

D"#"!": 8-*)%&+<%U?%2*%&++

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`+&/6

V^! ! ,('!,30'3(2%'/&!,30&%&'%08!35!:I6:_G!KA!#346,('!,30'3(2%'/&!,30&%&'%08!35!:@6:IG!+0)!_A!:I630.*! ,30'3(2%'/!&+0)&!CR%8>!_>VA>!P+,$!&/J(/0,/!%&!)/&,2%!

D"#"!":"# 8?44+*'25'?0)5%+&%U?%2*%+ #$/! &'+0)+2)! <%82+)+'%30+.! ,30'3(2%'/! &/J(/0,/! CR%8>! _>VA! ,30&%&'&! 35! '$/! 5(..! 2+08/! 35! ,30'3(2%'/!5+,%/&!5231!1()!'3!&+0)!C2/L/2&/!82+)%08A7!+0)!<+,-!'3!1()!C0321+.!82+)%08A>!#$%&! %&!'/21/)!<%82+)+'%30+.!82+)%08>!#$/!9(.5!35!:+)%;!,32/&!&$3=!&31/!/F,/../0'!/F+14./&!35!'$/! ,314./'/!<%82+)+'%30+.!&/J(/0,/!532!,30'3(2%'/&!=%'$!+..!'$/!)%L%&%30&!5231!B'3=!+0)!R+(8S2/&! C"NNOA!42/&/0'>!92+)%08!%&7!%0!8/0/2+.7!03'!&*11/'2%,+.!3L/2!'$/!./08'$!35!'$/!,32/7!+0)!%&!13&'! ,31130.*!&-/=/)!'3=+2)&!+!'346,('63('!,30'3(2%'/!5+,%/&!&/J(/0,/>!933)!/F+14./&!+2/!&//0! %0!,32/&!]@ITNN7!H@IO^!`!"WK7!+0)!H@IOT!CR%8>!_>K!WG!R%8>!_>_A>!\'$/2!&/J(/0,/&!'$+'!/F,.()/! '$/!&+0)*!:I!)%L%&%30!+2/!&//0!%0!]@IOT^!CR%8>!_>_A>!#$/&/!5+,%/&!&/J(/0,/&!+2/!13&'!42/L+./0'! %0!132/!)%&'+.!Cv@_N6"NN!-1!5231!'$/!9%<2+.'+2!9+'/=+*A!,32/!&%'/&>!

D"#"!":"! N).)&)'2&+6!B6:++ #$/2/! +2/! +! 0(1! #$/&/! 2/&(.'!%0!,30'3(2%'/!5+,%/&!'$+'!+2/!1+)/!(4!35!)%L%&%30&!:"6:K!30.*>!#$/&/!+2/!13&'!,31130.*! 53(0)!%0!,32/&!,3../,'/)!5231!,$+00/.!.3,+.%'%/&!'$+'!+2/!%0!'$/!32)/2!35!@NN!G!@_N!-1!5231!'$/! 9%<2+.'+2!9+'/=+*>!#$/*!+2/!52/J(/0'!%0!,32/&!E:N^!+0)!H@IOO!CR%8>!_>_A>!!

!

"#$%&'! _)`*! +,'! 862532&3! &'@0$5#8'3! @0560%'! /2@#'8! 8'\%'5@'! <=0>'3?!/&07! -056,#'&! '6! 2.)! <(SV[?!253!703#/#'3!=9!B'3=!/'!+.>!C@TO^AG!B'3=!+0)!R+(8S2/&!C"NNOA)!T088#=.'!U2#058!60!6,'! 862532&3!@0560%'!703'.!2&'!2.80!8,0:5)!F03#/#'3!/&07!]60:!'6!2.)!! #$/2/!+2/!+!0(1!_>_A>!R231!'$/!<+&/!35! '$/! &/J(/0,/7! '$/! +<2(4'! 32! /23&%30+.! <3(0)+2*! =%..! &/4+2+'/! '$/! (0)/2.*%08! 5%0/2682+%0/)! &/)%1/0'!5231!'$/!3L/2.*%08!:I!)%L%&%30>!#$/!3L/2.*%08!&+0)6!32!&%.'6!)31%0+'/)!&/)%1/0'!=%..! 8/0/2+..*!!

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v@!,1!)%+1/'/2A!<(223=&!3<&/2L/)>![0!'$/!,+&/!35!'$/! /F+14./!&$3=0!%0!R%8>!_>O7!'$/!3L/2.*%08!&/J(/0,/!&$3=&!+!'$%0!&/,'%30!35!0321+.!82+)%08!+'!%'&! <+&/! ! #$%&! 3L/2.*%08! <3''316,('63('! ,30'3(2%'/! &/J(/0,/!%&!,31130!+<3L/!'346,('63('!,30'3(2%'/!&/J(/0,/!/F+14./&!C&//!+.&3!E:NO!I1A>!!

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v@!,1!)%+1/'/2A!<(223=&!'$23(8$3('>!!

!

VO! ! ! "#$%&'!_)V*!T1K[!8'@6#05!Lk^!`VB(K_!@7!253!8'@6#05![k^!KBL[!@7)!C!3'62#.'3!.0$!0/!2!69A#@2.! 8'\%'5@'a!253!3'62#.8!0/!/'26%&'8!0=8'&U'3)!-&2326#052.!=0%532&#'8!2&'!0=8'&U'3a!A2&6#@%.2&.9! ='6:''5! 7%3B! 253! 8#.6B307#526'3! /2@#'8)! ]#.6B! 60! 8253B307#526'3! /2@#'8! 2&'! 8'A2&26'3! =9! 2! &'.26#U'.9!8,2&A!=0%532&9!6,26!30'8!506!2AA'2&!60!='!'&08#U')!! ! PF+1%0+'%30! 35! '$/! &/)%1/0'! 5+,%/&! 2/L/+.&! '$+'! )/&4%'/! '$/! 9(.5!35! :+)%;! ,30'3(2%'/&! !g/*!2/&(.'&!+2/G!

@A `%3'(2<+'/)!1()!'$23(8$!'3!,3+2&/!&+0)!5+,%/&!+2/!3<&/2L/)>!

VT! ! "A #$/2/!+2/!+!0(1!! IA #346,('6!+0)!<+&/6,('63('!&/J(/0,/&!+2/!,31130!)(/!'3!'$/!$%8$!0(1! #$/! ,314./'/! ,30'3(2%'/! &/J(/0,/! C:@6:_A! %&! +,'(+..*!2/.+'%L/.*!2+2/!<('!%&!13&'.*!&//0!+'!,32/!&%'/&!132/!)%&'+.!Cv"NN!-1A!5231!'$/! 9%<2+.'+2!9+'/=+*>!! KA Y/)%(1! '3! ,3+2&/! &+0)! 5+,%/&! +2/! 2/&'2%,'/)! '3! ,30'3(2%'/! ,$+00/.! .3,+.%'%/&7! =$/2/! '$/*!1+*! ! Y3''./)! &%.'&! '3!<%3'(2<+'/)! 5%0/! &+0)! 5+,%/&! +2/! 132/!,31130!30!)2%5'&! _A PL/2*!&%08./!,32/!&%'/!&$3=&!,30&%)/2+<./!,$+08/!%0!5+,%/&!'$+'!%14.%/&!'$+'!'$/!Y\a!%&! $%8$.*!L+2%+<./!3L/2!'%1/!+0)!&4+,/>!

#$/!+<3L/!=32-!=%..!!

C"! 0+/*@+&'-$%@=%,*'*%&-

]/'+%./)!&/)%1/0'3.38%,+.!=32-!$+&!!E%&'30!,32/&!E:NK7!E:N^7!E:NO7!+0)!30/!<3F!,32/!`:N_!CR%8>!I>@A!=/2/! ,3../,'/)! 30! '$/! B,%/0'%5%,! :2(%&/! :\Z#\HM[`PM6@>! #$/! ,2(%&/! ,3../,'/)! ,314./1/0'+2*! 2/13'/! &/0&%08! )+'+! %0,.()%08! &=+'$! <+'$*1/'2*7! &/%&1%,! +0)! 4+2+&3(0)! '$+'! $+&! !Q4423F%1+'/.*!@K!1!35!82+L%'*!,32/!=+&!,3../,'/)>!#$/!<3F! ,32/!=+&!&(<6,32/)!+0)!&.%,/)!+'!+!2/&3.('%30!35!@!,1>!R231!'$/2/7!&(<6&+14./&!=/2/!,3../,'/)! +4423F%1+'/.*!@N!,,!%0!L3.(1/>!!

A"!"# IJ@,J%86'.8, [0!'3'+.7!5%5'//0!/./1/0'&!=/2/!,3(0'/)7!.%&'/)!%0!#+<./!_>"!+.308!=%'$!'$/%2!%1432'+0,/>!#$/! 2+=! pMR! )+'+7! 423L%)/)! %0! /F,/.! &42/+)&$//'! 5321+'7! %&! )%55%,(.'! '3! (&/! '3! %)/0'%5*! '2/0)&7! '$/2/532/!+!0(1!#$/! _\=' )2$52$' )(' %7%:%&$' +1)2&$49' #4' ;#((#127$' $)' $"6&476$%' #&$)' 6&' 6112"6$%' "%6;#&>' )(' %7%:%&$' ,30,/0'2+'%30! )(/! '3! '$/! $/'/238/0/%'*! 35! '$/! ,32/! +0)! '$/! .%1%'/)! /0/28*! 2/+)%08! 2+08/&>! #$/2/532/7!2+'%3&!+2/!8/0/2+..*!(&/)!'3!&$3=!)3=06,32/!,$+08/&!+0)!+%)!,322/.+'%30!!!

ON! ! D"!"#"# N'A2B6'0%+G0%23&+

#$/2/! +2/! +! 0(1! P.&/=$/2/! %0! '$/! .%'/2+'(2/7! '$/! /./1/0'+.! 432'%30&! 35! %230! CR/A! +0)! ,+.,%(1! C:+A! $+L/! !"NN^G!M38/2&30!/'!+.>!"N@@A>!W/2/7!'$/!:+!+0)!R/!,3(0'&! &$3=!&31/!&%80%5%,+0'!2/&(.'&!CR%8>!_>TA>!['!%&!&//0!'$+'!+.'$3(8$!'=3!35!'$/!,32/&!&$3=!+!0/+26 %)/0'%,+.!.3=!32!$%8$!R/!+0)!:+!,3(0'!2/&430&/&!=%'$!)/4'$7!E:NO!&$3=&!+!1%2232!%1+8/!:+!+0)! R/!,3(0'!2/&430&/!CR%8>!_>TA>!#$/!:+lR/!&%80+.!532!'$/!'$2//!4%&'30!,32/&!$+&!+.&3!!_>@NA!+0)!$%8$!L+2%+<%.%'*!%&!3<&/2L/)>!#$/!:+lR/!&%80+.!5231!E:NO!.33&/.*! 2/&/1<./&!'$+'!35!'$/!/F4/,'/)!D(+'/20+2*!g@O\!&%80+.!CB,$(.';!+0)!f//!E:NK!&$3=&!+! 132/! .%1%'/)! 2+08/! 35! L+.(/&! %0)%,+'%08! 0/+2! ,30&%&'/0'! 2+'%3&! 35! :+lR/! )3=0! '$/! ,32/! CR%8>! _>@NA>!E:N^7!.3,+'/)!%0!'$/!(44/2!&.34/7!&$3=&!L/2*!)%55/2/0'!:+lR/!L+.(/&!5231!'$/!'=3!,32/&! )3=0&.34/>! PF'2/1/.*! $%8$! :+lR/! ,3(0'! L+.(/&! +2/! 3<&/2L/)! %0! '$/! '34! 1/'2/! 35! '$/! ,32/! !_>@NA>!!

IN&K&1%( O%0K/.( P&Q( RK$0'%#1.&( J&/H"%(

ON( Q.(1%0%(1! "V! @>KT! :.+*!Y%0/2+.&!

-/( B%.%,30! "O! @>VK! B%.%,%,.+&'%,!1%0/2+.&!+0)!0+00353&&%.!C/>8>!)%+'31&A!

S( E$3&4$32(&! I@! ">N@! Z('2%/0'!%05.(F!%0)%,+'32!+0)!M%L/2!%05.(F!

-( B(.4$(2! I"! ">I@! B*08/0/'%,!+0)!)%+8/0/'%,!4*2%'/!

!N( :$.32%0/! ! ! !

O'( Q2830! ! ! !

T( E3'+&&%(1! IT! I>I@! :.+*!1%0/2+.&!l!+,%)%,!C,30'%0/0'+.A!%80/3(&!23,-!423L/0+0,/!!

!#( :+.,%(1! KN! I>^T! E+.+/3,.%1+'%,!%0)%,+'32!

;/( #%'+0%(1! KO! K>_@! `+&+.'%,!C3,/+0%,!,2(&'A!423L/0+0,/!

Q( U+0+)%(1! ! ! [0)%,+'32!35!+03F%,!,30)%'%30&!

U1( Y+08+0/&/! ! ! `3''31!=+'/2!3F*8/0+'%30!

V&( [230! _^! ^>KN! \F*8/0+'%30!

W"( M$3)%(1! ! ! :32/!,+&%08!

+2=.'! _)J*! Y.'7'568! @0%56'3! 253! 6,'#&! #7A0&625@'!

O@! ! !

!

"#$%&'!_)S*!T.06!0/!12!253!"'!@0%568!2$2#586!3'A6,)!T1KV!#8!.0@26'3!#5!6,'!3''A'86!:26'&!3'A6,! 253!6,'&'/0&'!A.066'3!05!6,'!.'/6a!:#6,!@0&'8!8,2..0:#5$!60!6,'!&#$,6)!T1KV!8,0:8!0AA08#6'!12! 253!"'!6&'538a!:,'&'28!T1K[!253!T1K^!8,0:!8#7#.2&!6&'538)!!

\'$/2!/./1/0'+.!2+'%3&!$+L/!!B31/!&'()%/&!$+L/!&$3=0!'$+'!Y0!4/+-&!+0)!3'$/2!2/)3F6&/0&%'%L/! /./1/0'&!%0!pMR!1/+&(2/1/0'&!,+0!!@TTOG!M%,$'/2!/'!+.>!"NN^A>![0!3'$/2!&'()%/&7!.3=!Y0!,3(0'!L+.(/&!+2/!2/.+'/)!'3!132/!+03F%,! <3''31! =+'/2! ,30)%'%30&G! =$/2/+&! 4/+-&! %0)%,+'/! '$/! 2/8%30! %&! &=/4'! <*! =/..! 3F*8/0+'/)!

O"! ! <3''31!=+'/2&>!#$/!Y0!,3(0'!&%80+.!1(&'!! "NNNA>! R%8(2/! _>@@! &$3=&! '$+'! Y0! ,3(0'&! +2/! 35'/0! 82/+'/2! '$+0! @>_! F! @NI! =$%,$! +2/! /F,/4'%30+..*!$%8$!L+.(/&>!#$/!&%80+.!+.&3!&$3=&!+0!/F'2/1/.*!$%8$!./L/.!35!,*,.%,%'*7!+0)!$/0,/! +! 13L%08! +L/2+8/! ,(2L/! $+&! ! _>@@A>! a$/0! ,314+2/)! '3! '$/! :+lR/! ,(2L/&! &31/! %0'/2/&'%08! +&&3,%+'%30&! ,+0! ! [0! E:NO! +0)! E:NK7! Y0! 4/+-&! +2/! ,30,(22/0'! =%'$! :+lR/! .3=&>! #$/! &+1/! ,+0! !W3=/L/27!'$/!,3(0'&!+2/!&%80%5%,+0'.*!.3=/2!'$+0!'$3&/!1/+&(2/)!+'!E:NK!+0)!E:NO>! #$%&!1+*!!!

[0!+))%'%307!a/$+(&/0!+0)!`2(1&+,-!C@TTTA!(&/&!,3%0,%)/0'!B%lQ.7!#%lQ.7!Y8lQ.7!glQ.!+0)!f2lQ.! 4/+-&!+0)!2/.+'/!'3!'%1/&!35!/0$+0,/)!=%003=%08>![0!'$%&!&'()*7!B%7!#%!+0)!g!$+L/!!_>@"A>!!

!#XV&(

V

E:NK ^ E:N^

_ E:NO

K ( !#XV& I

"

@

N N @ " I K _

:&$%"(BKD( !

"#$%&'!_)(K*!W26#0!0/!12.@#%7!<12?!60!D&05!<"'?!/0&!6,'!A#8605!@0&'8!A.066'3!2$2#586!@0&'!3'A6,)!

OI! ! !

"#$%&'! _)((*! F5! @%&U'8! A.066'3! :#6,! 12k"'! /0&! 6,'! 6,&''! A#8605! @0&'8)! H#$,! F5! U2.%'8! 729! #53#@26'!6#7'8!:,'5!6,'!&'$#05!:28!8:'A6!=9!:'..B0>9$'526'3!=06607!:26'&8)!

+

"#$%&'!_)(J*!10#5@#3'56!]#kC.!<=.%'?a!+#kC.!<&'3?!253!ckC.!<$&''5?!A'2;8!729!&'.26'!60!6#7'8!0/! '5,25@'3!:#550:#5$!<8,23'3!#5!$&'9?!

#$/! /./1/0'+.! ,3143&%'%30! 35! '$/! &/)%1/0'! ,+0! 8%L/! ,.(/&! '3! ,$+08%08! 423L/0+0,/>! R32! /F+14./7!a/$+(&/0!+0)!`2(1&+,-!C@TTTA!3<&/2L/)!$%8$!B%lQ.!+0)!f2lQ.!2+'%3&!)(2%08!'%1/&!35! B+$+2+!)(&'!%05.(F7!L/2&(&!$%8$!Y8lQ.!2+'%3&!+'!'%1/&!35!/0$+0,/)!5.(L%+.!2(06355!%0!'$/%2!&'()*! %0!'$/!/+&'/20!Y/)%'/22+0/+0>!#$%&!$+&!!#$/*!,+0!+.&3!)%&'%08(%&$!!!

W/2/7!=/!(&/!,23&&!4.3'&!'3!+,,/0'(+'/!+0*!)%55/2/0,/&!%0!,$/1%,+.!,3143&%'%30!!#$/!13&'!&(,,/&&5(.!,23&&!4.3'&!,30&'2(,'/)!%0!'$%&!&'()*!%&!'$+'!35!B%lQ.! +8+%0&'!:+lg!'$+'!,+0!!_>@IA>!#$/!4.3'!&$3=&! '$/! 2/&(.'&! 532! E:NK7! E:N^! +0)! E:NO! +0)! ,30&%)/2+<./! )%55/2/0,/&! %0! ,3143&%'%30! ,+0! !E:NK!+0)!E:NO!+2/!<3'$!.3,+'/)!%0!'$/!1%)&.34/!+0)!4.3'!%0!+!&%1%.+2!,.(&'/2%08>!#$%&! %&!%0!,30'2+&'!=%'$!'$/!)+'+!5231!(44/2!&.34/!&%'/!E:N^!=$%,$!&$3=&!'=3!)%&'%0,'!'2/0)&>!

-&C/K&1%(!0K$0>/%/01( KN

I_

IN

"_ ( "N E:NK -/XON E:N^ @_ E:NO

@N

_

N N _ @N @_ "N !#XT( !

"#$%&'!_)(L*!1&088!A.06!0/!]#kC.!2$2#586!12kc)!+,'!6,&''!A#8605!@0&'8!T1K[a!T1K^!253!T1KV!2&'! A.066'3)!W'8%.68!#53#@26'!6,26!T1K^!#8!0/!2!3#//'&'56!@07A08#6#05)!

O_! ! A"!"! -:%+1K-')<%,J%86'.8, Q!,314./'/!&/)%1/0'3.38%,+.!+0+.*&%&!=+&!,+22%/)!3('!532!"_!&+14./&!(0)/2!'$/!4/'23.38%,+.! 1%,23&,34/! =%'$! )+'+! +0)! 4$3'382+4$&! +&&/1<./)! %0! Q44/0)%F! _>! #$/*! +2/! &(11+2%&/)! %0! R%8(2/!_>@K>!Y+%0!2/&(.'&!532!/+,$!(0%'!%0!'$/!82+L%'*!,32/&!+2/!3('.%0/)!!

!

"#$%&'!_)([*!<@056#5%'3!0U'&.'2/?!]%772&9!0/!6,'!87'2&!8.#3'!252.98#8!@2&&#'3!0%6!05!6,'!A#8605! @0&'8)!C52.98#8!,28!=''5!%8'3!60!2#3!6,'!#3'56#/#@26#05!0/!3#86#5@6!%5#68!#5!'2@,!0/!6,'!@0&'8!

O^! ! !

OV! ! D"!"!"# V6YX+

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

D"!"!"! V6Y:+

E%&'30!,32/!E:NK!&$3=&!&/L/0!(0%'&!&/4+2+'/)!<*!<3'$!/23&%30+.!+0)!82+)+'%30+.!<3(0)+2%/&>! P%8$'!&+14./&!=/2/!/F+1%0/)!%0!)/'+%.!'3!,$+2+,'/2%&/!'$/&/!(0%'&!CR%8>!_>@KA>!Q!'$%0!IN!,1!'+06 <23=0!(0%'!'34&!'$/!&(,,/&&%30!C(0%'!@A>!\0!+0+.*&%&!35!'$/!+&&3,%+'/)!'2%88/2!,32/7!'$%&!(0%'! 2/+,$/&! L_! @7! %0! '$%,-0/&&! CR%8>! _>@K! RG! _>@_A>! H0%'! "! %&! '$/! '$%,-/&'! +'! ">_I! 1! '$%,->! ['! %&! 42/)31%0+'/.*!,3143&/)!35!L/2*!4332.*!&32'/)!&+0)*!1()>!a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

D"!"!"7 V6YZ+

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

D"!"!": K6YD+

#$/!,3+2&/&'!35!'$/!&/)%1/0'!&+14./&!'3!! #$/! <3F! ,32/! =+&! &+14./)! (430! +,J(%&%'%307! +0)! '$/2/532/! 03! ,32/! .388%08! ,+22%/)! 3('>! W3=/L/27!'$/!82+%0!&%;/!+0+.*&%&!%0)%,+'/&!'$+'!%'!,30&%&'&!35!30/!(0%'>!['!%&!,3143&/)!35!1/)%(1! '3!,3+2&/!&+0)&7!=%'$!+!&/,'%30!35!,3+2&/2!+L/2+8/!82+%0!&%;/!! #$/! ,3143&%'%30! .33-&! '3! ! #$/! .+28/&'! 82+%0! &%;/&! C,3+2&/!'3!L/2*!,3+2&/!&+0)!432'%30A!+2/!42/)31%0+0'.*!&$/..*!)/<2%&>!

C"7 0+/*@+&'-1+M'()+-

A"4"# $1+)/,-)L%,7)8.1)>6.)&/,M+1+:%.%18, #$/!1/+0!82+%0!&%;/!532!/+,$!,32/!%&!4.3''/)!+8+%0&'!)/4'$!%0!R%8>!_>@_>!#$/!2/&(.'&!=/2/!1+%0.*! (&/)!'3!%)/0'%5*!5+,%/&7!+%)!.388%08!+0)!,30&'2(,'!,23&&!4.3'&!C&//!!g/*!2/&(.'&!&$3=!'$+'! '$/!1%)!&.34/!`:N_!+0)!(44/2!&.34/!E:N^!&$3=&!'$/!$%8$/&'!+L/2+8/!82+%0!&%;/&>!E:NO7!.3,+'/)! +'!'$/!)//4/&'!,32/!&%'/7!$+&!'$/!.3=/&'!+L/2+8/!82+%0!&%;/&>!!

#$/!9(.5!35!:+)%;!&+14./&!&$3=!&'+0)+2)!)/L%+'%30!2+08/&!5231!@>O!'3!_>KG!13)/2+'/.*!&32'/)! '3!L/2*! 4332.*! &32'/)>!a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

OT! ! TN !

!

!!!!!"#$%&'!_)(_*!]0&6#5$!A.06!%8#[email protected]%&!8@2.'!:#6,!25!2U'&2$'!$&2#5!8#4'!@%&U')!F'28%&'7'568!:'&'!723'!05!2!J@7!&'80.%6#05)!]07'!8'@6#058!8,0:!#5@&'28#5$! 80&6#5$!:#6,!#5@&'28#5$!$&2#5!8#4'a!:,'&'28!06,'&8!8,0:!3'@&'28#5$!80&6#5$!:#6,!#5@&'28#5$!$&2#5!8#4')!

! ! #$/!'3413&'!'6'h'7)!')(' @>O"K7! 32! 13)/2+'/.*! &32'/)>! `:N_! +.&3! &$3=&! ! #$/! 2/1+%0)/2!35!E:N^!2+2/.*!&$3=&!1/+0!82+%0!&%;/&!&1+../2!'$+0!,3+2&/!&%.'!CtI@e:W')"':%;#2:' 4#7$'' $)' $*%' ,3+2&/2!&/,'%30&!%0!E:N^!+0)!'$/!.3=/213&'!1/'2/!35!E:NK>!Y/)%(16!+0)!,3+2&/6&%.'!)%+1/'/2&! 76">%78'1)""%76$%'$)'[1E6?%94'+4)"$6@7%'4#7$9'("61$#)&'()"'!*#1*'6'(7)!'?%7)1#$8'1)&$")7'*64'@%%&' 42343&/)! CY,:+L/! "NNOA>! a/! ,+0! )/)(,/! 5231! E:N^! '$+'7! %0! 8/0/2+.7! =%'$! %0,2/+&%08! &+0)! ,31/&!+!&%80%5%,+0'!%0,2/+&/!%0!&/)%1/0'!&32'%08>!#$/!2/.+'%30&$%4!%&!,314.%,+'/)!$3=/L/2!<*! '=3!&/4+2+'/!'2/0)&!!_>@^!QA>! `3'$!'$/&/!'2/0)&!+2/!)%&'%0,'!5231!'$/!E:NK!+0)!E:NO!'2/0)>!#$/!)%&'2%<('%30!,(2L/&!C4.3''/)! 30!+!8/31/'2%,!&,+./A!+2/!&$3=0!%0!R%8>!_>@V!532!/+,$!,32/!+'!_N!,1!%0'/2L+.&!C32!@N!,1!%0!'$/! ,+&/!35!`:N_A>!#$/*!%..(&'2+'/!'$/!%0,2/+&/)!&32'%08!%0!'$/!&+0)62%,$!!

!

QA!

!!

"#$%&'!_)(^!<@056#5%'3!0U'&.'2/?!

T@! ! !

`A!

:A!

!

"#$%&'! _)(^*! C?)! 1&088! A.06! 0/! 6,'! 80&6#5$! 2$2#586! 7'25! $&2#5! 8#4'! &'U'2.8! 6,26! 7%3! 253! /#5'! 8#.6! ,28! 2! 5'$26#U'! &'.26#058,#A!:#6,!80&6#5$!253!7'3#%7!8#.6!60!/#5'!8253!,28! 2!A08#6#U'!2880@#26#05!:#6,!80&6#5$)!M?!F'25!$&2#5!8#4'!U8)!8;':5'88)!"#5'86!$&2#5!8#4'8!8,0:!2! 7#50&!@02&8'!62#.!0&!5'2&B50&72.!3#86&#=%6#05)!+,'!72i0E!0/!6,'!827A.'8!8,0:!2!/#5'!8;':)!1?! F'25! $&2#5! 8#4'! U8)! ;%&608#8)! 102&8'! $&2#5! 8#4'8! 8,0:! 2! ,#$,'&! @05@'56&26#05! 0/! $&2#5! 8#4'8! 2&0%53!6,'!7'25!:,'&'28!6,'!/#5'&!8'3#7'568!8,0:!2!=&023'&!

T"! ! ! B-/=0/&&!)+'+!+44/+2&!'3!$+L/!+!,314./F!2/.+'%30&$%4!=%'$!<3'$!1/+0!82+%0!&%;/!CR%8>!_>@^!`A! +0)!'$/!5%2&'!13)/!CR%8>!_>@VA>!B-/=0/&&!$+&!+.&3!!_>@TA>!Y/)%(1!'3!,3+2&/!&+0)&!4.3'!J(%'/!&/4+2+'/.*!5231!'$/!<(.-!35!'$/!)+'+>!R%0/! &+0)&!&$3=!'$/!!#$/&/!L/2*!5%0/!&+0)&!$+L/!'$/!5%0/&'!&-/=!L+.(/&7!=$/2/+&! 5%0/!&%.'&!$+L/!'$/!,3+2&/&'!&-/=>!B-/=0/&&!+44/+2&!'3!! #$/2/! +44/+2&! '3! ! B4/,%5%,+..*7!&%.'&!2/+,'!L/2*!)%55/2/0'.*!5231!&+0)&!+0)!&32'%08!)/,2/+&/&!=%'$!%0,2/+&%08!82+%0! &%;/>!#$/!&+0)!432'%30!+44/+2&!'3!&$3=!'$//!)%&'%0,'!'2/0)&>!

#$/!-(2'3&%&!L+.(/&!1/+&(2/)!5231!'$/!&/)%1/0'!)%&'2%<('%30&!2+08/!5231!N>^V_!C4.+'*-(2'%,A! '3!">^NT!CL/*!./4'3-(2'%,A>!R%8(2/!_>@^!:!&$3=&!'$/!2/.+'%30&$%4!! R%0/! &+0)&! &$3=! '$/! $%8$/&'! ,30,/0'2+'%30! 35! )+'+! +23(0)! '$/! 1/+0! =$/2/+&! '$/! 5%0/2! +0)! ,3+2&/2! &/)%1/0'&! &$3=! +! <23+)/2! C4.+'*-(2'%,A! &42/+)>!g(2'3&%&! $+&! ! _>"NA>! Q! 0(1! B4/,%5%,+..*7! +! ,30,/0'2+'%30!35!5%0/!&+0)!)+'+!43%0'&!%&!&//0!'3!4.3'!J(%'/!&/4+2+'/.*!5231!'$/!2/&'!'$/!)+'+>! #$/!1+b32%'*!35!'$/!)+'+!4.3'&!+.308!'=3!'2/0)!.%0/&!CR%8>!_>"NA>!!

A"4"! 5'+9,@1+*.)&/, ['!&$3(.)!! Y/+&(2/1/0'&! %0! '$%&! &'()*! N_! k1>! W3=/L/27! '$/! 82+%0! &%;/! )%&'2%<('%30!,(2L/&!&$3=!+!'+%.%08!355!'3=+2)&!'$/!5%0/2!&/)%1/0'!+0)!'$/2/532/!%'!%&!(0.%-/.*! '$+'! '$/2/! %&! +! &%80%5%,+0'! ,31430/0'! 5%0/2! '$+'! N>N_! k1! +0)! '$+'! '$/! 5%0/6&,+./! 52+,'%30! 2/,32)/)!%&!+!833)!2/42/&/0'+'%30!35!'$/!'2(/!,30'/0'!35!'$%&!&+0)62%,$!,30'3(2%'/!)/43&%'%30+.! &*&'/1>!#$%&!%&!<+,-/)6(4!<*!&1/+2!&.%)/!3<&/2L+'%30&>!!

A"4"4 56:6'+.)N%,@1%O6%/*9,561N%8, R%8(2/!_>"@!&$3=&!,(1(.+'%L/!52/J(/0,*!,(2L/&!532!+..!'$/!&+14./&!C5231!'$/!'$2//!4%&'30!,32/&! +0)! 30/! <3F! ,32/A! +&! )%L%)/)! <*! '$/%2! 2U'&2$'! 82+%0! &%;/>! #$/! 82+4$&! &$3=! ,30&%)/2+<./! ,$+08/&! %0! '$/! ,(2L/! )/4/0)%08! 30! '$/! +L/2+8/! 82+%0! &%;/>! R%0/2! &/)%1/0'&! &$3=! ,$+2+,'/2%&'%,+..*! &133'$! ,(2L/&>! a%'$! ,3+2&/0%08! &/)%1/0'7! ,$+08/&! %0! '$/! '2/0)! 35! '$/! ,(1(.+'%L/!)%&'2%<('%30!+2/!&//0!CR%8>!_>"@A!+0)!=%..!!!!

!

!

TI! ! !

"#$%&'!_)(`*!!+,'!$&2#5!8#4'!=&'2;B30:5!253!3#86&#=%6#05!@%&U'8!

!

TK! ! !

!

"#$%&'! _)(V*! F03'! $&2#5! 8#4'! <703'! (! :,'&'! 6,'&'! 2&'! 7%.6#A.'! 703'8?! A.066'3! 2$2#586! 8;':5'88)!+,'&'!#8!25!#5@&'28'!#5!/#5'!8;':!:#6,!703'!%56#.!2AA&0>)!((K!m7)!!

!

"#$%&'!_)(S*!]0&6#5$!U8)!8;':5'88!@&088!A.06!8,0:#5$!7%.6#A.'!6&'538)!Q262!A0#568!2&'[email protected]%&B @03'3!:#6,!&'8A'@6!60!7'25!$&2#5!8#4'a!253!6,'&'!2AA'2&8!60!='!2!3#&'@6!.#5;!='6:''5!@&088!A.06! 6&'538!253!7'25!$&2#5!8#4')!

T_! ! !

! "#$%&'!_)JK*!c%&608#8!U8)!8;':5'88!@&088!A.06!8,0:#5$!7%.6#A.'!6&'538)!Q262!A0#568!2&'[email protected]%&B @03'3!:#6,!&'8A'@6!60!7'25!$&2#5!8#4')!!

"#$%&'!_)J(*!1%7%.26#U'!/&'\%'5@9!@%&U'8!/0&!'2@,!2U'&2$'!$&2#5!8#4'!3#U#8#05!2@&088!2..!$&2U#69! @0&'!8#6'8)!!

T^! ! ! #$/!1+%0!2/&(.'&!532!'$/!82+%0!&%;/!+0+.*&%&!+2/!'$/2/532/G!

@> QL/2+8/!82+%0!&%;/&!+,23&&!'$/!/+&'/20!9(.5!35!:+)%;!2+08/!5231!5%0/!&%.'!'3!L/2*!,3+2&/! &+0)>! "> B32'%08!2+08/&!5231!L/2*!4332.*!'3!13)/2+'/.*!&32'/)>!R%0/!&+0)&!&$3=!'$/!$%8$/&'! )/82//!35!&32'%08>! I> #$/2/!%&!+!,314./F!+&&3,%+'%30!! K> Y()&!&$3=!&*11/'2%,+.!82+%0!&%;/!)%&'2%<('%30&7!=$/2/+&!&%.'&!+0)!5%0/!&+0)&!+2/!5%0/.*! &-/=/)>!Y/)%(1!'3!,3+2&/!&+0)&!&$3=!+!,3+2&/!&-/=>!! _> :(1(.+'%L/!52/J(/0,*!,(2L/&!&$3=!,$+08%08!'2/0)&!)/4/0)%08!30!'$/!1/+0!82+%0!&%;/>!

C"> 8.'*&;--

A"E"# 5&1%,7+.)/(,, [0! '3'+.7! 5%5'//0! &+14./&! =/2/! &(<1%''/)! 532! 2+)%3,+2<30! )+'%08>! #$2//! /+,$! 5231!E:N^! +0)! H@IOO7!5%L/!5231!E:NK7!+0)!53(2!5231!E:NO!C#+<./!_>IA>!:3+2&/682+%0/)!`:N_!=+&!'$3(8$'!'3! ,30&%&'! 35! .+28/! +13(0'&! 35! 2/=32-/)! 1+'/2%+.7! +0)! =+&! '$/2/532/! (0&(%'+<./! '3! +..3=! 532! +,,(2+'/!)+'%08!+0)!=+&!/F,.()/)!5231!'$/!+0+.*&%&>!#$/!5%5'//0!&+14./&!'$+'!=/2/!,3../,'/)! &$3=!/2232!<+2&!(4!'3!@KNN!*2&>!`E!=$%,$!+2/!0/8.%8%<./!C#+<./!_>IA>!#$/!2/&(.'&!&$3=!'$+'!'$/! 4%&'30!,32/&!+2/!D(+'/20+2*!+0)!2/+,$!+!1+F%1(1!2/,32)/)!+8/!35!K_7TNN!y@KNN!`E7!=$%,$!%&! )+'/)!+'!c+'/&'!E./%&'3,/0/!C#+2+0'%+0A>!#$/!'2%88/2&!'3!'$/!4%&'30!,32/&!=/2/!03'!)+'/)7!+0)! '$/2/532/!+0!+&&(14'%30!$+&!!!!

#$/2/! +2/! +! 0(1! _>""A7! +0)! +0! +))%'%30+.! 2(0! 35! )+'%08! =+&! 2/J(%2/)!'3!8%L/!+!!#$/&/!+031+.3(&!43%0'&!+2/!.%-/.*!)(/!'3!+0! (0/F4/,'/).*! $%8$! ./L/.! 35! &/)%1/0'! 2/6=32-%08! =%'$%0! '$/! &*&'/1>! Z/L/2'$/./&&7! +! .3=! 2/&3.('%30!(0)/2&'+0)%08!35!'$/!+8/!35!'$/!&/)%1/0'&!$+&!! _>""A>!!

#$/!)+'/&!,+0!!P+,$!,32/!$+&!+!0(1! ]+'%08! 8%L/&! +! 5%2&'! %)/+! 35! '$/! ,322/.+'%30! ! #$/! )+'/&! ,+0! +.&3! 8%L/! &31/! %0&%8$'! %0'3! '$/! &/)%1/0'!+,,(1(.+'%30!2+'/&7!+&!3('.%0/)!!!!

!

TV! ! !

:32/! B+14./! @K!:!+8/!C`EA! P2232!y! @lI!I^6IO!,1!! __"_! "O! E:N^! "lI!_O6^N!,1! T_O_! "T! IlI!I"6IK!,1! @N^K_! I_! Q@W@!O6@N!,1! OITN! KN! H@IOO! Q@WI!"_6"V!,1! VTTN! K_! `Ip@!_6V!,1! K"""N! T_N! @lV!K6^!,1! @@"T"! IN! _lV!_N6_"!,1! IK"VT! @OI! E:NK! ^lV!IK6I^,1! I_"@"! @T^! VlV!OK6O^!,1! I_V_N! KVN! VlV!OO6TN!,1! I@VKN! @KN! @l^!K6^!,1! KTVI! "O! Kl^!@^6@O!,1! ITNI"! IN_! E:NO! ^l^!O^6OO!,1! K_TNN! @KNN! ^l^!TK6T^!,1! ""^_"! _V! !

+2=.'!_)L*!([1!326'8!253!'&&0&8!2@\%#&'3!/&07!/0%&!@0&'8!2@&088!6,'!'286'&5!-%./!0/!123#4)!Q26'8! #5! $&'9! 2&'! /&07! 6,'! ]bYW1! W23#0@2&=05! "2@#.#69! 253! 6,08'! #5! =.%'! /&07! 6,'! Z2=0&260#&'! 3'! F'8%&'!3%!12&=05'!([)!!

A"E"! J+.%8,&G,<%2&8).)&/, #$/! )+'/&! &$3=! '$+'! )/43&%'%30+.! 2+'/&! +2/! L/2*! )%55/2/0'! ! #$/! '=3! (44/2!&.34/!,32/&7!E:N^!+0)!H@IOO!&$3=!$%8$!&/)%1/0'+'%30!2+'/&!'$23(8$3('!'$/!W3.3,/0/! CR%8>!_>"IA>!:32/!E:N^7!.3,+'/)!30!+0!(44/2!&.34/!4.+&'/2/)!)2%5'7!$+&!+0!+,,(1(.+'%30!2+'/!35! I^>V"!,1l-+!+0)!%&!,314./'/.*!W3.3,/0/!%0!+8/>!Q0!%0,30&%&'/0,*!%0!'$/!)+'%08!35!H@IOO7!=$%,$! %&!.3,+'/)!%0!'$/!032'$/20!,30'3(2%'/!,$+00/.7!$+&!./)!'3!03!+,,(2+'/!+,,(1(.+'%30!2+'/&!!W3=/L/27!['!+44/+2&!'$+'!'$/2/!%&!+!1(,$!$%8$/2!2+'/!35!)/43&%'%30!%0!'$/!W3.3,/0/! C/&'%1+'/)!o@NN!,1l-+A!=$/0!,314+2/)!'3!'$/!E./%&'3,/0/!C/&'%1+'/&!o@N!,1l-+A!,32/!$+&!'$/! $%8$/&'! )/43&%'%30+.! 2+'/!+0)! +! $(8/! +13(0'! 35! &/)%1/0'! 2/=32-%08>! [0,30&%&'/0,%/&! %0! '$/! )+'+! 532! '$%&! ,32/! +2/! '$3(8$'! '3! !!

:32/&!E:NK!+0)!E:NO!+2/!<3'$!.3,+'/)!30!+!1%)&.34/!13(0)/)!)2%5'>!#$/*!&$3=!L/2*!)%55/2/0'! +,,(1(.+'%30! '2/0)&! ,314+2/)! '3! '$/! (44/2! &.34/! ,32/&! CR%8>! _>"IA>! W3.3,/0/! +0)! H44/2! E./%&'3,/0/!C+4423F%1+'/.*!(0'%.!IN7NNN6!KN7NNN!*2&!`EA!$+L/!2/.+'%L/.*!.3=!2+'/&!35!)/43&%'%30?! @I>KT!,1l-+!%0!E:NK!+0)!V>_K!,1l-+!%0!E:NO>!`3'$!&$3=!+0!%0,2/+&/!%0!+,,(1(.+'%30!2+'/&!%0! '$/!.3=/2!432'%30!35!'$/!,32/?!@K@>K!,1l-+!+0)!I_>_!,1l-+!532!E:NK!+0)!E:NO!2/&4/,'%L/.*>! E:NO7!'$/!)//4/&'!35!+..!'$/!)+'/)!,32/&7!&$3=&!'$/!&.3=/&'!3L/2+..!+,,(1(.+'%30!2+'/&>!!

!

TO! ! !

!

"#$%&'!_)JJ*!]'3#7'56!827A.'!2$'8!28!7'28%&'3!=9!([1!A.066'3!2$2#586!3'A6,!/0&!'2@,!@0&')!!

!

TT! ! !

!

"#$%&'!_)JL*!C@@%7%.26#05!&26'8!/0&!6,'!326'3!8'3#7'56!@0&'8)!

!

!

!

@NN! ! ! * * * * * !"#-$@$-#0#)%"*2*8)/('//)%"* ! !

$2.='+)-N?-12+-3(45-%5-$./*6-,.&/<-A%&'%()*'+-/+=%,*'*%&.4-,<,'+@-

$2.='+)-O?-,40$0(#-$)/)"1*(%"#%'$)#-*/0"&/*

$2.='+)-P?-,%"#%'$)#-*(%"#$%:/*0"&*/-A'-"(-*/#$0#)1$0@4;-

$2.='+)-Q?-,%"#%'$)#-*$-/-$B%)$*@%#-"#)0:*0"&*-(%"%6)(*)6@%$#0"(-!!

! !

@N@! ! !

C ;3+,<'8=,%=,*/&)>,:/"&9,*%"#%'$)#+, 6+?%.)#)%"/8,:9.#+5@* *

N"# G&')%/(A'*%&-

H&%08! '$/! &/)%1/0'3.38%,+.! +0)! +,3(&'%,! 2/&(.'&! '$+'! +2/! 3('.%0/)! %0! ,$+4'/2&! K6_7! +! !#$%&!,$+4'/2! =%..!/F+1%0/!+0)!)%&,(&&!'=3!&/4+2+'/!2/8%30&?!@A!#$/!42/&/0'!)+*!+0)!D(+'/20+2*!/L3.('%30!35! '$/! /+&'/20! 9(.5! 35! :+)%;! &+0)*! ,30'3(2%'/! )/43&%'%30+.! &*&'/1G! +0)! "A! #$/! .+28/6&,+./! /L3.('%30! 35! +! <(2%/)! E.%3,/0/! &*&'/1! +.308! '$/! Q.8+2L/! Y+28%0! %0! '$/! 032'$>! #$/! =%)/2! %14.%,+'%30&!35!'$/!5%0)%08&!=%..!!!

Q.'$3(8$!2/&/+2,$!$+&!!R%8(2/!^>@!$%8$.%8$'&!-/*!)/'+%./)!&'()%/&!+,23&&!'$/!=%)/2!9(.5!35!:+)%;! +2/+>! a32-! $+&! !@TTTG!c3<3!/'!+.>!"N@NG!c3<3!+0)!M%)/0'/!"N@KA7!+0)!+'!)/4'$!+,23&&!'$/!.3=/2! &.34/! CW+<833)! /'! +.>! "NNIG! M38/2&30! /'! +.>! "N@@A>! #$%&! &'()*! =%..! 423L%)/! +! 1%&&%08! .%0-! ! ['! =%..! +.&3! .%0-! '$/! B'2+%'! 35! 9%<2+.'+2!'3!&'()%/&!,+22%/)!3('!%0!'$/!,/0'2+.!+0)!=/&'/20!9(.5!35!:+)%;!CZ/.&30!/'!+.>!@TTIG! c.+L/!/'!+.>!"NNV,G!B'3=!/'!+.>!"N@I!^>@A>!

#$/!1%)&.34/!35!'$/!Q.8+2L/!1+28%07!%0!'$/!032'$!35!'$/!9(.5!35!:+)%;7!%&!'3)+*!)31%0+'/)!<*! '$/!1()62%,$!!R+236Q.<(5/%2+!/.308+'/!13(0)/)!)2%5'!+0)!+&&3,%+'/)!/23&%30+.!,30'3(2%'/!13+'! C'$/! Q.L+2/;6:+<2+.! 13+'A! CR%8>! K>_A>! ['! %&! %0)%,+'%L/! 35! +! 1(,$! .3=/26/0/28*! &*&'/1! =$/0! ,314+2/)!'3!'$/!/+&'/20!9(.5!35!:+)%;!=$%,$!%&!%05.(/0,/)!<*!+!L%8323(&!Y\a!+5'/2!'$/!/F%'!35! '$/!9%<2+.'+2!9+'/=+*>!#$/!/.308+'/!13(0)/)!)2%5'&!$+L/!!#$/!(0)/2.*%08!E.%3,/0/!&/,'%30!$3=/L/27!$+&! !#$%&!&/,'%30!)3,(1/0'&!'$/!%0%'%+'%30!35!'$/!%05.(/0,/!35!'$/!Y\a! 3L/2!'$/!1+28%0!+5'/2!'$/!34/0%08!35!'$/!9%<2+.'+2!9+'/=+*!%0!'$/!.+'/&'!Y%3,/0/>!M/&(.'&!5231! '$/!&/%&1%,!82%)!(&/)!%0!'$%&!&'()*!CB/,'%30!K>"A!&$3=!+!0(1

@N"! ! !

! "#$%&'!^)(*!+,'!2&'2!0/!#56'&'86!/0&!6,#8!86%39!#8!8,23'3!253!:#..!2@6!60!i0#5!6,'!A�&!86%3#'8!0/! 6,'!8,'./!253!.0:'&!8.0A')!

5+,%/&>! #$/%2! %0'/242/'+'%30! +0)! %14.%,+'%30&! +2/! )%&,(&&/)! $/2/>! #$%&! =32-! $+&! .+28/.*! !C"N@I8'565%"'+C!T.#0@'5'! 7#>'3!@0560%'B6%&=#3#6'!8986'7!0//8,0&'!6,'!C.$2&U'!F2&$#5a!-%./!0/!123#4*!]'#87#@!&'8A058'a! 0,'4($+);#-&%(#$+,$/+')*)';#('+(01-(6,%(#$*<>!!

Q.'$3(8$! '$/&/! '=3! &'()%/&! $+L/! !#$/!%0'/242/'+'%30!=%..!+.&3!!

N"! G&'+)=)+'.'*%&-

D"!"# ;*&68.)*,7+.+,;/+'98)8,

X"!"#"# L-&5%02+O?49+'9+6-3)(+

X"!"#"#"# $'0,'4'1)*-4+9%-5?0%&+

Q!0(1!C"N@KA!CR%8>!">VA>!#=3!'/22+,/&!C+0!(44/2!+0)!+!.3=/2A!

@NI! ! ! )31%0+'/!'$/!1%)&.34/>!`/.3=!'$%&!/23&%L/!&(25+,/7!+!'$%,-!CvONN!1A!,30'3(2%'/!&+0)!&$//'!%&! 53(0)!CQ0'%,$!/'!+.>!"NN_G!B'3=!/'!+.>!"N@@A>!`+&/1/0'!3(',234!+0)!,3+2&/2682+%0/)!&/)%1/0'! C&+0)&! +0)! 82+L/.&A! +2/! %)/0'%5%/)! 30! +,,3(0'! 35! '$/%2! $%8$/2! <+,-&,+''/2! ,314+2/)! '3! 5%0/2! &/)%1/0'!CY/)%+.)/+!/'!+.>!"NNOA>!Q&!+!2/&(.'7!,3+2&/2!+2/+&!+2/!+&&3,%+'/)!=%'$!+,3(&'%,!)+'+! '$+'!&$3=&!$%8$/2!+14.%'()/!&/+!@A>!

#$/!(44/2!'/22+,/!)//4/0&!032'$=/&'=+2)!C5231!_NN!6!VIN!1A!+0)!L+2%/&!_!+0)!"I! -1! %0! =%)'$>! ['! &.34/&! &/+=+2)! +'! +! 82+)%/0'! 35! N>@O6N>IKw>! #$/! .3=/2! '/22+,/! +.&3! )//4/0&! 032'$=/&'=+2)7! 5231! _O_! 1! '3! V_N! 1>! #$%&! '/22+,/! %&! oT! -1! =%)/! +0)! &.34/&! &/+=+2)&! @Ow!+0)!N>K_w>!P+,$!'/22+,/!&$3=&!+!&%1%.+2!&/'!35!2/4/+'%08!5/+'(2/&!=%'$!)/4'$?!+! <+&%0=+2)6)%44%08! /23&%30+.! &(25+,/7! +0! +.308&.34/! 32%/0'+'/)! ,$+00/.7! +0)! +! &133'$! 13(0)/)!)2%5'!+)b+,/0'!'3!'$/!,$+00/.>!#$/*!+.&3!&$3=!1(.'%4./!&1+..!5(223=&!3<.%J(/!'3!'$/! ,$+00/.! 32%/0'+'%30! +'! INwGK_w! CR%8>! ">VA>! #$/! .0:'&! 6'&&2@'! $+&! .+28/2! +0)! !#$/!.+28/!+0)!%0,%&/)!&3('$/20!72#5!@,255'.!%&!o^!-1!=%)/! CR%8>! K>I! `A! +0)! %&! ,$+2+,'/2%&/)! <*! %'&! <23+).*! &%0(&3%)+.! &$+4/! +0)! =/&'&3('$=/&'! '3! 032'$=/&'! '2/0)>! ['&! +F%&! &.34/&! 5231! V@_! 1! '3! VON! 1! +0)! /L/0'(+..*! 5//)&! %0'3! '$/! :+)%;! ,30'3(2%'/!,$+0&%7'#&'$*%'1%&$"67'+1*6&&%74'6&;'"#;>%4'4%1$)"9'<=#>B'XBKWB'j%6!6";')('$*%':6#&' ,$+00/.7!+0!+&&3,%+'/)!13(0)/)!)2%5'!%&!,$+2+,'/2%&/)!<*!%22/8(.+2!1324$3.38*!+0)!&/)%1/0'! =+L/&! CR%8>! ! K>I! `A>! #$/! )2%5'! ,2/&'! )//4/0&! =/&'=+2)! 5231! ^NN! 1! '3! OIN! 1>! #$/! 50&6,'&5! @,255'.!%&!./&&!)%&'%0,'!+0)!&$32'/27!!">^A>!['&!+F%&!)//4/0&!5231! _NN!1!'3!VON!17!+0)!%'!%&!+.&3!<3(0)/)!30!%'&!&/+=+2)!5.+0-!<*!+!13(0)/)!)2%5'!C+.!K>I!QA>!#$/!,2/&'!35!'$%&!)2%5'!+.&3!)//4/0&!032'$=/&'=+2)&! 5231!_IN!'3!^_N!1!CW/20X0)/;6Y3.%0+!/'!+.>!"N@KA>!!

X"!"#"#"! <%)&/)*+9-*)%&+

#$/!4+2+&3(0)!)+'+!&$3=&!+!,23&&!&/,'%30!'$23(8$!'$/!.3=/2!&.34/!%0!+!Za6BP!CR%8>!K>"!QA!+0)! +!ZP6Ba!32%/0'+'%30!CR%8>!K>"!`A>!#$/!%0'/20+.!+0)!/F'/20+.!1324$3.38*!35!'$/!.3=/213&'!&.34/! %&!)31%0+'/)!<*!1%82+'%08!&/)%1/0'!=+L/&!'3=+2)&!'$/!Za>!#$/&/!&$3=!&(<'./!)3=0.+44%08! &(25+,/&7!$%8$!52/J(/0,*!4+2+../.!@A>!Q,23&&!'$%&!)/43&%'%30+.6)31%0+'/)!2/8%30!'$/2/!+2/!3,,+&%30+.!%0,%&%08!,$+00/.&! =%'$!+!)3=0&.34/!32!3<.%J(/!32%/0'+'%30!CR%8>!K>"!QA>!`*!5+2!'$/!13&'!&'2%-%08!1324$3.38%,+.! 5/+'(2/!35!'$/&/!.%0/&!%&!'$/!.+28/!+.308&.34/632%/0'+'/)!,$+00/.!CR%8>!K>"!`A!'$+'!,('&!%0'3!'$/! &/)%1/0'!=%'$!+!&'//4!&3('$6=/&'/2.*!&%)/!+0)!+!&$+..3=/2682+)%/0'!32!&'/44/)!032'$6/+&'/20! <+0->! ['! %&! ,$+2+,'/2%&/)! <*! +! $%8$.*! (0/L/0! &/+!

@NK! ! ! L+2%+<./!+14.%'()/&!+0)!.3=!4/0/'2+'%307!=%'$!+!8/0/2+..*!.3=!J(+.%'*!+,3(&'%,!2/&430&/!C#+<./! ^>@A>!!Y3L%08!!(4&.34/!35!!'$%&!!,30'3(2%'/!!,$+00/.!!%&!!+0!!+2/+!!35!!.3=!!&/+!!5.332!!82+)%/0'!!+0)!

!+2=.'!^)(*!]'#87#@!253!2@0%86#@!/2@#'8!2@&088!6,'!'286'&5!-%./!0/!123#4)!

,314./F! 1324$3.38*>! #$%&! (0/L/0! '/22+,/)! &(25+,/! %&! $%8$.*! L+2%+<./! %0! +,3(&'%,! ,$+2+,'/27! =%'$!;30/&!35!$%8$!+0)!.3=!+14.%'()/!+0)!8/0/2+..*!+!4332!4/0/'2+'%30!)/4'$!C#+<./!^>@A>!#$/! &/+! ! K>"! `A>! #$/! (44/2! &.34/! &$3=&! +! &133'$7! 13)/2+'/! +14.%'()/!&/+!5.332!2/5./,'32!=%'$!&%14./!4+2+../.!@A!+0)!+44/+2&!'3!!

X"!"#"! M41-0.%+$-01)2+ H&%08! &/%&1%,! &'2+'%82+4$%,! +0+.*&%&7! '$%&! &'()*! %)/0'%5%/&! 53(2! -/*! &(,,/&&%30&! =%'$%0! '$/! E.%3,/0/! '3! c3=/213&'! D(+'/20+2*! &/,'%30! +.308! '$/! Q.8+2L/! Y+28%0! CR%8>! K>_A>! #$/&/! $+L/! ! B/%&1%,! (0%'! )/L/.341/0'! %&! )/'/21%0/)! <*! '$/! %0'/24.+*! 35! '$/! Y/)%'/22+0/+0! \('5.3=! a+'/2! CY\aA7! '/,'30%,! +,'%L%'*! @N_! ! ! +0)!8.+,%36/(&'+'%,!&/+!./L/.!,$+08/&>!c.+L/!/'!+.>!C"N@@A!$+L/!/F42/&&/)!'$/&/!&/J(/0,/&!+&! ,30'3(2%'/!/L3.('%30+2*!&'+8/&!+0)!%0'/242/'!'$/!c3=/2!E.%3,/0/!+&!+!42/6,30'3(2%'/!4$+&/7!'$/! H44/2! E.%3,/0/! +&! +0! /+2.*! ,30'3(2%'/! 4$+&/! +0)! '$/! D(+'/20+2*! +&! +! .+'/! +0)! ,30'3(2%'/6 )31%0+0'!4$+&/>!#$/!/L%)/0,/!5231!'$%&!&'()*!&(4432'&!'$%&!2/8%30+.!%0'/242/'+'%30>!

[0!+))%'%307!+!1%F/)!&*&'/1!=%'$!+&&3,%+'/)!,30'3(2%'/!&$//'/)!)2%5'!$+&!! #$/! 2/8%30!'$/2/532/!423L%)/&!+!833)!34432'(0%'*!'3!+0+.*&/!'$/!)%55/2%08!+,3(&'%,!2/&430&/&!35!'$/! &/)%1/0'&! )/43&%'/)! <*! '$/&/! 423,/&&/&! %0! +! <(2%/)! &*&'/1! =$/2/! &/%&1%,! 2/&3.('%30! %&! %0&(55%,%/0'!'3!L%&(+.%&/!'$/!&(<'./!)/43&%'%30+.!5/+'(2/&!C&(,$!+&!'$3&/!3<&/2L/)!30!'$/!/+&'/20! 9(.5!35!:+)%;!)+'+6&/'&A>!:30,.(&%30&!=%..!!!

X"!"#"!"# H,,%0+$)'*%2%++ Q!,30&%)/2+<./!'$%,-0/&&!35!Y%3,/0/!+0)!3.)/2!&/)%1/0'&!(0)/2.+*!'$/!9(.5!35!:+)%;!,30'3(2%'/! &*&'/1>!['!%&!13&'!.%-/.*!,3143&/)!35!&/)%1/0'&!35!$/1%4/.+8%,!+0)!'(2<%)%'%,!32%8%07!+.'$3(8$! '2+0&4+2/0'! &/%&135+,%/&! ,.3&/! '3! '$/! ,30'%0/0'+.! &$/.5! +2/! %0'/242/'/)! +&! )/<2%'/! )/43&%'&! CM%+;+! +0)! Y+2z0/;!]/.! \.13! @TT^G! M3J(/!"NNVG! c.+L/! /'! +.>! "N@@A>!]/43&%'%30! 35! '$/! :+)%;! Q..3,$'$303(&! H0%'! CY/)%+.)/+! /'! +.>! "NNKA! '$23(8$3('! '$/! Y%3,/0/! 2/&(.'/)! %0! +! ,314./F! +22+*! 35! )/43&%'%30+.! <+&%0&! +0)! '/,'30%,! $%8$&>! Z/3'/,'30%&1! $+&! &%0,/! 4(0,'(2/)! '$/! &/)%1/0'&!%0!&31/!2/8%30&7!13&'!03'+<.*!%0!'$/!/+&'!35!'$/!&'()*!+2/+7!+0)!$+&!+55/,'/)!'$/! /L3.('%30!35!'$/!3L/2.*%08!&/J(/0,/&>!

X"!"#"!"! <%)&/)*+?2)5+V#=+Q'A%0/'&5+V4)'*%2%++ #$/!.3=/213&'!)%&,30'%0(%'*!'3!!I>KG!R%8>!K>_A!%&!)/5%0/)!<*! +!,$+08/!%0!+,3(&'%,!2/&430&/7!+0)!+,'&!+&!+!,./+2!30.+4!&(25+,/7!/&4/,%+..*!=$/2/!'$/!3L/2.*%08! 4%#4:#1' 2&#$' cH' 655%6"4' $)' +#&(#779' $*%' [#)1%&%' 5676%)$)5)>"65*8' <=#>B' K>_A>! c3,+..*7! '$/2/! %&! &31/!/L%)/0,/!35!/23&%30!'$+'!,3(.)!%0)%,+'/!&31/!&$32'!$%+'(&!+&&3,%+'/)!'3!]%&,30'%0(%'*!Y>! \L/2+..7! '$/! )%&,30'%0(%'*! $+&! !#$/!3L/2.*%08!E@!&/J(/0,/!%&!$%8$.*!2/5./,'%L/!+0)!1+)/!(4!35!.+'/2+..*!/F'/0&%L/! 4+2+../.! &/%&1%,! 2/5./,'%30&! (4! '3! N>@_! 1&! #a#! %0! '$%,-0/&&>! #$/! )%&'2%<('%30! 1+4! 35! '$%&! &/J(/0,/!&$3=&!+!1+%0!)/43,/0'2/!%0!'$/!ZP!35!'$/!&'()*!+2/+!CR%8>!K>^G!^>"A>!

#$/! %&3,$30! 1+4! 532! '$/! &/%&1%,! (0%'! E@! &$3=&! &/)%1/0'+'%30! 53,(&/)! <23+).*! %0! +0! +.308&.34/! 32%/0'+'%30! =%'$! .3K>^! E@A>! :+2/5(.! 2/,30&'2(,'%30!35!'$/!2/8%30+.!4+.+/38/382+4$*!%0!'$/!9(.5!35!:+)%;!8%L/&!,.(/&!'3!'$/!.%-/.*! 32%8%0!35!'$%&!&/%&1%,!(0%'>!['!%&!-03=0!'$+'!'$23(8$3('!'$/!.+'/&'!Y%3,/0/!+!)3=0&.34/!&*&'/1! =+&!&(44.*%08!'$/!9(.5!35!:+)%;!=%'$!&/)%1/0'!5231!'$/!032'$/+&'>!#$/!.+'/!Y%3,/0/!l!P+2.*!! @N^! ! ! !

! "#$%&'! ^)J4! -&088! 3'A08#6#052.! '5U#&057'56! &'@0586&%@6#058! 2@&088! 6,'! 86%39! 2&'2! /0&! 3'A08#6#052.!8'\%'5@'8!T(BdDD)!D6!#8!8''5!6,26!6,'&'!#8!2!70U'!/&07!30:58.0A'B307#526'3!60! @0560%'B307#526'3!8'3#7'5626#05)!+,'!,#$,.9!'&08#U'!526%&'!0/!6,'!=06607!@%&&'568!#8!@.'2&! 60!8''!2.05$!6,'!%AA'&!8.0A'!253!@0560%'!@,255'.8)! @NV! ! ! E.%3,/0/!&+=!+0!%05.(F!35!,.+&'%,!&/)%1/0'+'%30!+,23&&!'$/!032'$/+&'!9(.5!35!:+)%;!+0)!2/&(.'/)! %0!'$/!)/43&%'%30!35!'$/!9(+)%+0+!B+0)&!L%+!)3=0&.34/!C13&'!.%-/.*!'(2<%)%'%,A!423,/&&/&!CM%+;+! +0)!Y+2z0/;!]/.!\.13!@TT^A>!#$/&/!&+0)&!$+L/!!`+&/)!30!'$%&7!+0)!'$/!)%&'2%<('%30!'2/0)&!3<&/2L/)!%0!'$/!)+'+7!=/!,+0! /F4/,'!'$+'!E@!%&!+!)%&'+.!,305%0/)!'(2<%)%'%,!5+0!&*&'/17!13L%08!+.308!'$/!,30'%0/0'+.!&.34/! +0)! ! ^>"! E@A>! B*&'/1&! =%'$! &(,$! +! )%&'2%<('%30! $+L/! !"NNKA>! l#$*#&'$*%'4$2;8'6"%6A'$*%'*#>*'6:57#$2;%A'76$%"6778'%N$%&4#?%'+$"6:'7#&%9'61)24$#1'"%45)&4%'6$' '$/!<+&/!35!&/%&1%,!(0%'!E@!%&!%0)%,+'%L/!35!&+0)%/2!5+,%/&!C+.'$3(8$!%'!,+003'!! #$/! &/%&1%,! 5+,%/&! 35! (0%'! E@! 1+-/! %'! )%55%,(.'! '3! )%&'%08(%&$! +.3086! +0)! )3=0&.34/! )/43&%'&7! +0)! +))%'%30+.! )%&'2%<('%30! +0+.*&%&! %&! 2/J(%2/)! '3! 1+-/! ,30,.(&%30&! 30! '$/! )/43&%'%30+.!423,/&&>!! c3,+..*!%0!2/8%30&!=$/2/!'$/!'$%,-0/&&!%&!&%80%5%,+0'!C,.3&/!'3!'$/!13)/20!(44/2!&.34/A7!,314./F! 2/.+'%30&$%4&!,+0!!^>IA>!#$/!423F%1%'*! '3!'$/!(44/2!&.34/!&(88/&'&!'$+'!'=3!42/L%3(&.*!(0%)/0'%5%/)!)3=0&.34/!&/)%1/0'+2*!&*&'/1&! =/2/!5//)%08!'$%&!+2/+!G!30/!1%032!)3=0&.34/!&*&'/1!&3(2,%08!5231!'$/!032'$!+0)!+!.+28/6 &,+./! )3=0&.34/! &*&'/1! &3(2,%08! 5231! '$/! 032'$/+&'7! =$%,$! J(%,-.*! )31%0+'/)! 1+28%0! )/43&%'%30!CR%8>!^>"!E@A>!!

#$/! Y%3,/0/6E.%3,/0/! <3(0)+2*! %&! 8/0/2+..*! +,,/4'/)! '3! !@TVIA>! W3=/L/27! '$/2/! %&!1(,$!132/! +1<%8(%'*!3L/2!=$/0! <3''31! =+'/2! 8/0/2+'%30! %0! '$/! Y/)%'/22+0/+0! B/+! 2/%0%'%+'/)! +0)! '$/! Y\a! =+&! 2/%0&'+'/)! %0! '$/! 9(.5!35!:+)%;>!#$/!&/%&1%,!%0!'$/!42/&/0'!&'()*!&$3=&!.%''./!/L%)/0,/!35!+.308&.34/!423,/&&/&!%0! '$/!.3=/213&'!E.%3,/0/>!#$%&!%&!%0!+82//1/0'!=%'$!%0'/242/'+'%30&!5231!c.+L/!/'!+.>!C"N@@A!+0)! M3J(/! /'! +.>! C"N@"A>! #$/2/532/7! %5! /F,$+08/! 35! =+'/2! 1+&&/&! =+&! 3,,(22%08! '$23(8$! '$/! 9%<2+.'+2! 9+'/=+*! +'! '$%&! '%1/7! '$/*! =/2/! %0&(55%,%/0'! '3! )31%0+'/! 1+28%0! )/43&%'%30! +'! +! &/%&1%,!&,+./>!

X"!"#"!"7 <%)&/)*+?2)5+V!=+Q-5%BQ'A%0+V4)'*%2%+ #$/! c3=/2! E.%3,/0/! )%&,30'%0(%'*! CcEMA7! .3,+'/)! +'! '$/! <+&/! 35! &/%&1%,! (0%'! E"7! &%80%5%/&! '$/! 17%6"' )&4%$' <6$' 4%#4:#1' 4167%W' )(' $*%' [Pl94' #&(72%&1%' )&' $*%' 4$2;8' 6"%6B' C*#4' )112""%;' &31/'%1/! %0! '$/! c+'/6P+2.*! E.%3,/0/! C43&&%<.*! c+'/! f+0,./+0A! =$/0! '$/! 9%<2+.'+2! 9+'/=+*! +..3=/)!532!'$/!/F,$+08/!35!=+'/2!1+&&/&!! B(,$! +0! 3,/+0382+4$%,! 2/328+0%&+'%30! =3(.)! $+L/! $+)! +! &(<&'+0'%+.! /55/,'! 30! '$/! )/43&%'%30+.!&'*./!35!'$/!1+28%0>! @NO! ! !

!

"#$%&'! ^)L4! Q'62#.'3! 8'#87#@! 8'@6#05! /&07! .#5'! TQKKBVLK! <"#$)! [)_! M?)! G5.2A! 253! 6&%5@26#05! 6&'538! @25! ='! 8''5! #5! 6,'! &'/.'@6#058)! Q#//'&'56! 8'#870/2@#'8! @25! @.'2&.9! ='! #3'56#/#'3a! 7086! 5062=.9a! 6&258A2&'56! 253! @,206#@! #5! 6,'! T.#0@'5'! 8'@6#05! @.08'! 60! 6,'! 8.0A'! 70U#5$! 60! 70&'! .26'&2..9!@056#5%0%8!&'/.'@6#058!#5!6,'!d%26'&52&9!8'@6#05)!

#$/!3L/2.*%08!4+,-+8/7!E"7!%&!$%8$.*!L+2%+<./!%0!,$+2+,'/2!+,23&&!'$/!2/8%30!+0)!'$%&!$+&!!R%8(2/!^>"!E"!1+4&!'$/!/F'/0'!35!)3=0&.34/!L&>!+.308&.34/!&/)%1/0'&7!%0'/242/'/)! <+&/)! 30! '$/%2! &/%&1%,! 5+,%/&7! +0)! )%&'2%<('%30>! Q! '$%,-! &(,,/&&%30! CN>"! 1&! #a#A! 35! ,$+3'%,! &/%&1%,! 5+,%/&! %0! '$/! /+&'/2013&'! &'()*! +2/+! %&! %0'/242/'/)! +&! +! )3=0&.34/! 1+&&! '2+0&432'! )/43&%'! +,,(1(.+'%30>! ['&! ,.3&/! 423F%1%'*! '3! '$/! (44/2! &.34/! &(88/&'&! )/<2%&! 5.3=! )/43&%'&!

@NT! ! ! C)/<2%'/&A>!`+&%0=+2)&!+0)!=/&'=+2)&7!'$/&/!,$+3'%,!5+,%/&!!PL%)/0,/! 532!,30'3(2%'%,!32%8%0!532!E"!%0,.()/&?!@A!42382+)+'%30!35!&/%&1%,!(0%'&!(4&.34/7!+!,$+2+,'/2%&'%,! ,31130.*!(&/)!+&!+0!%)/0'%5%,+'%30!,2%'/2%+!%0!1+0*!,30'3(2%'/!)/43&%'%30+.!&*&'/1&!CR+(8S2/&! /'! +.>! @TTTAG! "A! +0! +.308&.34/! 32%/0'+'%30G! +0)! IA! /L%)/0,/! 532! +! $%8$.*! ,*,.%,! 0+'(2/! '3! '$/! &/J(/0,/>!

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

#$/! )%&'2%<('%30! 35! '$/! &/%&1%,! (0%'! &$3=&! +! .+28/.*! &$//'/)! 1324$3.38*7! 32%/0'+'/)7! <('! '$%00%08!+.308&.34/!CR%8>!K>^A>!#$%&!3<&/2L+'%307!,31<%0/)!=%'$!'$/!&/1%6'2+0&4+2/0'!&/%&1%,! 5+,%/&7! ./+)&! '3! '$/! ,30,.(&%30! '$+'! +! $3138/0/3(&! 1())*6&$//'/)! ,30'3(2%'/! )2%5'! =+&! )/43&%'/)!+'!'$%&!'%1/7!%05.(/0,/)!<*!+!2/.+'%L/.*!&.(88%&$!Y\a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

X"!"#"!"D <%)&/)*+?2)5+VW[+H,,%0/'&5+V4)'*%2%+B+Q'A%0/'&5+W?-5%02-0;+ #$/!`+&/!D(+'/20+2*!]%&,30'%0(%'*!C`D]A!1+2-&!+!1+b32!,$+08/!%0!'$/!)/43&%'%30+.!&'*./!35!'$/! 1+28%0>!#$23(8$3('!'$/!E.%3,/0/7!)/43&%'%30!=+&!53,(&/)!'3!'$/!/+&'!35!'$/!&'()*!+2/+>!#$%&! &$%5'&!=/&'=+2)&!+<3L/!'$/!`D]>!#$%&!&/%&1%,!(0%'!%&!,314./'/.*!+<&/0'!5231!'$/!032'$!35!'$/! 4$2;8'6"%6';2%'$)'#&$%&4%'%")4#)&'67)&>'$*%':#;47)5%B'P&78'6'+!#&;)!9'#&$)'$*%'4%Z2%&1%'#4' 42/&/2L/)!<+&%0=+2)&!CR%8>!K>_!QG!R%8>!^>"!EDA!+0)!'$/2/532/!%'!%&!)%55%,(.'!'3!!:.(/&!'3!'$/!32%8%0!35!'$%&!&/J(/0,/!,+0!$3=/L/2!!Q!

@@N! ! ! 1+b32!,$+08/!%0!'$/!&*&'/1!%&!/L%)/0'!6!=%'$!+0!%0,2/+&/!%0!&/%&1%,!+14.%'()/!+0)!+!13L/!'3! )%&,30'%0(%'%/&! '$+'! +2/! $%8$.*! /23&%L/! %0! 0+'(2/>! #$/&/! +2/! ,$+2+,'/2%&'%,&! 35! +! $%8$6/0/28*! ,30'3(2%'/! &*&'/1>! #$%00%08! 3L/2! '$/! )%+4%2%,! 2%)8/&! %0! '$/! /+&'! %14.%/&! 3083%08! $+.3-%0/&%&7! 5(2'$/2!%0'/0&%5*%08!'$/!Y\a!+'!'$%&!'%1/>!Q&!/23&%30!)31%0+'/)!%0!'$/!/+&'!35!'$/!&'()*!+2/+! C=$/2/!2/5./,'%30!'2(0,+'%30&!+2/!,31130!%0!'$/!(0%'A7!'$/!=/&'!=+&!+!2/8%30!35!,30'3(2%'/! )/43&%'%307!=$/2/!'$/!/23&%L/!,+4+,%'*!35!'$/!<3''31!,(22/0'!5/..!+&!%'!/F%'/)!'$/!)%+4%2%,!2%)8/! 423L%0,/>!W/2/7!(4&.34/!42382+)+'%30!%&!/L%)/0'?!+!5/+'(2/!,31130!'3!,30'3(2%'/!)2%5'!823='$! CR%8>!^>IA!CR+(8S2/&!/'!+.>!@TTTA>!

](/!'3!'$/!+<&/0,/!35!'$/!&/%&1%,!(0%'!%0!'$/!032'$!35!'$/!&'()*!+2/+7!,30,.(&%30&!,+003'!! a$+'! %&! ,./+2! %&! '$+'! '$/! E.%3,/0/6D(+'/20+2*! <3(0)+2*! =+&! 1+2-/)! <*! +! 1+b32! 4/2%3)!35!2/4/+'/)!Y\a!%0'/0&%5%,+'%30&!+0)!'$+'!'$/!3083%08!)%+4%2%,!13L/1/0'&!=/2/!.%-/.*! '3!!

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b32! )%&,30'%0(%'%/&! ,3/L+.! =%'$! '/,'30%,! 2/+)b(&'1/0'! 35! '$/! 1+28%0>! #$/! 13(0)/)! )2%5'! &$3=&! '$/! )/L/.341/0'! 35! +! =/..65321/)! ,30'3(2%'/! 13+'! +.308! '$/! 1%)&.34/7! +0)! +..! '$/! 5/+'(2/&! 3('.%0/)! <*! CR+(8S2/&! /'! +.>! @TTTA! +&! !!

D"!"! -%<):%/.+19,;/+'98)8, #$/!1+%0!53,(&!+2/+!35!'$/!&/)%1/0'+2*!)+'+64%$4'#4'$*%'+5")N#:67'41)2"'6&;'"#@@)&4'4%1$)"9!+&! )/5%0/)!<*!W/20X0)/;6Y3.%0+!/'!+.>!C"NN^A>!['!%&!/L%)/0'!5231!'$/!+0+.*&%&!35!'$/!&/)%1/0'!'$+'! '$/2/! +2/! +! L+2%/'*! 35! )/43&%'%30+.!/0L%2301/0'&! +,23&&!'$/! &'()*! +2/+>! P+,$! ,32/! $+&! !^>KA!+0)!+!b(&'%5%,+'%30!%&!8%L/0!!!

@@@! ! ! X"!"!"# V6YX+ c3,+'/)!+'!ITN!1!=+'/2!)/4'$!CIT7IN_wZ7!^7V^KwPA7!4%&'30!,32/!E:N^!%&!'$/!&$+..3=/&'!35!'$/! ,32/&! (&/)! %0! '$%&! &'()*>! ['! %&! .3,+'/)! (4&.34/! 35! '$/! 032'$/20! ,$+00/.! +0)! (44/2! '/22+,/! %)/0'%5%/)!<*!W/20X0)/;6Y3.%0+!/'!+.>!C"N@KA>!['!%&!&+0)62%,$7!+0)!&(55/2&!5231!.3=!2/,3L/2*!+&!+! 2/&(.'!+'!b(&'!">KN!1!C#+<./!I>"A>!#$2//!)%&'%0,'!(0%'&!$+L/!!^>K!QA>!

#$/! 3,/+0382+4$%,! )+'+! &$3=&! /L%)/0,/! '$+'! '$/!Y\a! %&! ,(22/0'.*! +55/,'%08! '$%&! ,32/! &%'/>! E(<.%,+..*! +L+%.+<./! :#]! C:30)(,'%L%'*! #/14/2+'(2/! ]/4'$A! )+'+! CB,$.%';/2! "N@IA! CR%8>! K>IA! 4*)!4'467#&#$8'?672%4')('IU'M':%642"%;'17)4%'$)'$*%'1)"%'4#$%A'6&'%N1%5$#30+..*!$%8$!L+.(/!'$+'! %&! 2/42/&/0'+'%L/! 35! '$/! Y\a! H44/2! a+'/2>! #$%&! %&! &(4432'/)! %0! '$/! )+'+6&/'! $/2/! <*! $%8$! 432'%30&!35!2/)3F6&/0&%'%L/!1%0/2+.&!=$%,$!%0)%,+'/!'$/!42/&/0,/!35!=/..63F*8/0+'/)!<3''31! =+'/2&!CR%8>!_>@@A>!#$/!,32/!&%'/!%&!.3,+'/)!+'!'$/!(44/2!&.34/!/)8/!35!'$/!H44/2!:32/!CYHA!35! '$/! Y\a! CW/20X0)/;6Y3.%0+! /'! +.>! "N@KA>! ]/43&%'%30! )31%0+'/&7! +.'$3(8$! 1%032! /23&%30+.! 5/+'(2/&! +0)! &(25+,/&! &//0! 30! '$/! &/%&1%,! )+'+! %0)%,+'/! '$+'! '$/2/! $+L/! !K>IA>!Z3=!$3=/L/27! )/43&%'%30!%&!)31%0+0'7!+0)!'$/2/532/!'$%&!,32/!&%'/!,+0!! `+&/)!30! '$/! 1324$3.38*!35! '$/! )2%5'! %)/0'%5%/)! 30! &/%&1%,! )+'+!.3,+'/)!30! '$/! (44/2! &.34/!CR%8>!K>I!QA7!+0)!'$/!+.308&.34/!/.308+'/!%)/0'%5%/)!%0!'$/!<+'$*1/'2%,!)+'+7!'$%&!,+0!!

@@"! ! !

"#$%&'!^)[!@056#5%'3!0U'&.'2/!

@@I! ! !

!

"#$%&'!^)[!@056#5%'3!0U'&.'2/!

! @@K! ! !

!

"#$%&'!^)[!@056#5%'3!0U'&.'2/!

! @@_! ! !

!

"#$%&'!^)[!@056#5%'3!0U'&.'2/!

@@^! ! !

!

!

"#$%&'!^)[!@056#5%'3!0U'&.'2/!

!

@@V! ! !

"#$%&'!^)[*!"#52.!.0$8!253!#56'&A&'626#058!/&07!6,'!@0&'!8#6'8)!C?!T1K^O!M?!M1K_O!1?!b(LVVO!Q?! T1K[O!Y?!T1KVO!"?!T1K[!+&#$$'&!10&'O!-?!T1KV!+&#$$'&!10&'*!H?!Q(LSKK)!

!

@@O! ! ! Q'!+!&/)%1/0'!&,+./7!'$2//!(0%'&!$+L/!!_>@KG!^>K!QA!'$/!)%55/2/0,/&!! #$/! '3413&'! (0%'7! '$/! ,3+2&/&'! +0)! ! ^>_A7! ,+0! !['!%&!,./+2.*!%05.(/0,/)!<*!'$/!Y\a!=%'$!&(55%,%/0'!L/.3,%'*!'$+'! 5%0/!&+0)&!+2/!)/43&%'/)>!H0532'(0+'/.*7!'$/!(0%'!=+&!$/+L%.*!)%&'(2! #$%&! )%&'2%<('%30!$+&!+.&3!1+)/! @K:!)+'%08!35!'$%&! (0%'!%143&&%<./!+0)!&3!03!+,,(1(.+'%30!2+'/!%&! ,+.,(.+'/)>!W3=/L/27!<+&/)!30!'$/!1/+0!+,,(1(.+'%30!2+'/!35!'$/!/0'%2/!,32/7!%'!%&!/F4/,'/)!'3! !R32! 5%0/!&+0)!'3!"6N>K!1&6@!+2/!/F4/,'/)!CB'3=! /'!+.>!"NNTA>!#$/!&/)%1/0'!%&!,3143&/)!35!)31%0+0'.*!'/22%8/03(&!1+'/2%+.!C(4!'3!KNr!J(+2';! ,30'/0'A7!+0)!'$/2/!%&!+!,30&%)/2+<./!+13(0'!35!.+28/!C,16&,+./A!&$/..*!,.+&'&>!#$%&!$%8$!&$/..*! )/<2%&!,30'/0'!%&!%0!.%0/!=%'$!'$/!pMR!)+'+!'$+'!&$3=&!+!$%8$!,+.,%(1!C:+A!,30'/0'!CR%8>!_>@NA>!['! %&!,30,.()/)!$/2/7!'$/2/532/7!'$+'!(0%'!@!%&!1+)/!(4!35!&/)%1/0'&!'$+'!+2/!.3,+..*!)/2%L/)!5231! '$/!,30'%0/0'+.!&$/.5!+0)!$+L/!!^>K!QA>!!

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l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

Q..!'$/!)+'+!C+,3(&'%,!+0)!&/)%1/0'+2*A!&$3=!'$+'!+'!'$/!,32/!&%'/!.3,+'%30!E:N^7!+!,30'3(2%'/! 4.+&'/2/)! )2%5'! $+&! )/L/.34/)>! W3=/L/27! ,+2/5(.! /F+1%0+'%30! 35!'$/! &/)%1/0'+2*! (0%'&! &$3=! '$+'!+'!'%1/&7!)3=0&.34/!&/)%1/0'!&(44.*!C423<+<.*!)/2%L/)!.3,+..*!5231!'$/!&$/.5A!)31%0+'/)! '$/!&*&'/1!+0)!5321&!%0'/2!!

@@T! ! ! @"N !

!

"#$%&'!^)_*!!]0&6#5$!A.066'3!:#6,!$&2#5!8#4'!<=.2@;!@%&U'?!253!12k"'!

! ! X"!"!"! H#7ZZ+ :3../,'/)!30!'$/![\]E!IIT!PF4/)%'%307!,32/!&%'/!H@IOO!%&!.3,+'/)!L/2*!,.3&/!'3!E:N^7!.3,+'/)! b(&'!)3=0&.34/!+'!^^I!1!=+'/2!)/4'$!30!'$/!1%)&.34/!'/22+,/!CI^7"__wZ7!^7KV^wPA>!#$/!,32/! &%'/!%&!.3,+'/)!=%'$%0!'$/!032'$/20!,$+00/.!)/5%0/)!<*!CW/20X0)/;6Y3.%0+!/'!+.>!"N@KA!CR%8>!K>IA>!

#$/! &/)%1/0'&! %0! H@IOO! +2/! %0'/242/'/)! +&! @0560%'! @,255'.! &+0)! )/43&%'&! CR%8>! ^>K! :A>! PL%)/0,/!5231!&/%&1%,!+0)!:#]!)+'+!CR%8>!K>IA!&$3=!'$+'!'$/!(44/2!,32/!35!'$/!Y\a!%&!.+28/.*! ,305%0/)! '3! '$/! +.308&.34/! 32%/0'+'/)! ,30'3(2%'/! ,$+00/.! +0)! %&! 4(&$/)! +8+%0&'! '$/! (44/2! ,$+00/.!1+28%0!C)(/!'3!:32%3.%&!R32,/&A>!#$/!13)/20!&/+!5.332!+44/+2&!$%8$.*!/23&%L/!%0!&/%&1%,! +0)! 1(.'%! "N@KA7! =%'$! +! 23(8$! &/+! ! K>I! QA>! a%'$%0!'$/!,$+00/.!%'&/.57!'$/!+,3(&'%,!5+,%/&!+2/!,$+3'%,!+0)!35!.3=!+14.%'()/>!Q..!'$%&!&(88/&'&! +!L%8323(&!(44/2!<2+0,$!35!'$/!Y\a!42/&/0'.*!+,'%08!+'!'$%&!,32/!&%'/!+0)!'$/!42/&/0,/!35! &+0)*!&/)%1/0'!=%'$%0!'$/!,$+00/.>!

Q.'$3(8$!03'!&+14./)!+0)!+0+.*&/)!+&!/F'/0&%L/.*!+&!'$/!3'$/2!&/)%1/0'!,32/&!%0!'$/!&'()*7! &31/!833)!,30,.(&%30&!,+0!!^>K! :A!Cc.+L/!/'!+.>!"N@KA>!#$/!(44/2!I>_!1/'2/&!35!'$%&!,32/!,30&%&'&!35!13)/2+'/.*!&32'/)!1/)%(1! &+0)&!=%'$!+!L/2*!5%0/!&-/=/)!'3!&*11/'2%,+.!82+%0!&%;/!)%&'2%<('%30>!#$%&!(44/213&'!&/,'%30!%&! )%L%)/)!%0'3!'=3!(0%'&!<+&/)!30!+0!/23&%30+.!&(25+,/!+'!@>K!1>!#$/&/!+1+.8+1+'/)!&+0)&!&$3=! $%8$!./L/.&!35!2/=32-%08!'$+'!$+L/!+55/,'/)!'$/!@K:!)+'/&>!]/&4%'/!'$%&7!$%8$!+,,(1(.+'%30!2+'/&! +2/!/&'%1+'/)!%0!'$/!2/8%30!35!@NN!,1l-+!CR%8>!_>"IA>!#$/!&+0)&!+2/!%0'/242/'/)!'3!"6#&4'$*6$'6"%'4#F%;'25'$)'655")N#:6$%78'KI'e:'<:2;4'6&;' &%.'&A!+2/!'2+0&432'/)!5(2'$/2!)3=0!,(22/0'!<*!'$/!Y\a7!./+L%08!,./+0!&+0)&!+.308!'$/!,$+00/.! +F%&>!#$/2/!%&!03!,3143&%'%30+.!)+'+!532!,32/!&%'/!H@IOO7!$3=/L/27!'$/!<+'$*1/'2*!)+'+!&$3=&! )3=0&.34/632%/0'+'/)! 8(..%/&! +,23&&! '$/! (44/2! &.34/! %0,%&%08! '$/! 4.+&'/2/)! )2%5'! +<3L/! '$/! ,$+00/.!CR%8>!">VA!CW/20X0)/;6Y3.%0+!/'!+.>!"N@KA>!#$/&/!,3(.)!+,'!+&!%1432'+0'!,30)(%'&!532! '$/!&(44.*!35!&+0)*!1+'/2%+.!%0'3!'$/!&*&'/1>!!

E332!2/,3L/2*!2+'/&!$+L/!./)!'3!+!1%&&%08!&/,'%30!)%2/,'.*!! "N@I+A7! ! ^>K! :A! )+'/)! '3! c+'/! E./%&'3,/0/!CR%8>_>""A>!#$/&/!(0%'&!$+L/!L/2*!)%55/2/0'!,$+2+,'/2%&'%,&!5231!'$/!(44/2!&/,'%30!35! '$/!,32/>!#$/!82+%0!&%;/!%&!1(,$!132/!L+2%/)7!=%'$!1())*7!&%.'*!+0)!&+0)*!.+*/2&>!`3(0)+2%/&! +2/!/23&%30+.!32!82+)+'%30+.>!\L/2+..7!'$/!5+,%/&!2/42/&/0'!+!1(,$!2/)(,/)!L/.3,%'*!35!'$/!Y\a! 3L/2!'$/!,32/!&%'/!42/6W3.3,/0/!=%'$!$%8$!,*,.%,%'*!!

@"@! ! !

! "#$%&'!^)^*!107A08#6#05!@&088!A.068!/0&!6,'!6,&''!A#8605!@0&'8a!28!A.066'3!=9!8'3#7'562&9!%5#6)! b5#6!2&'!8,0:5!#5!"#$%&'!_)([)!!!

X"!"!"7 K6YD+ Q!<3F!,32/!2/,3L/2/)!5231!'$/!&3('$/20!,$+00/.!)/5%0/)!<*!W/20X0)/;6Y3.%0+!/'!+.>!C"N@KA!%&! .3,+'/)!+.308!'$/!1%)&.34/!,30'3(2%'/!'/22+,/!+0)!423L%)/&!'$/!,3+2&/&'!&+0)&!,3../,'/)!%0!'$%&! &'()*>!c3,+'/)!+'!I_7OK^wZ7!^7VONwP!%0!VIO!1/'2/&!=+'/2!)/4'$!C#+<./!I>"A7!"K!,1!35!,32/!=+&! ,3../,'/)!+0)!&(<6&+14./)!%0!@!,1!%0'/2L+.&>!Q.'$3(8$!03!,32/!&.+<<%08!+0+.*&%&!=+&!,+22%/)! 3('!C.388%087!pMR7!:#6%1+8%08A7!'$/!82+%0!&%;/!+0+.*&%&!+0)!+,3(&'%,!)+'+!8%L/!,.(/&!'3!'$/!32%8%0! 35!'$%&!&/)%1/0'!+&!)%&,(&&/)!!

#$/! &/)%1/0'&! %0! `:N_! +2/! %0'/242/'/)! +&! +! @0560%'! @,255'.! &+0)! )/43&%'! CR%8>! ^>K! `A>! PL%)/0,/!5231!&/%&1%,!+0)!:#]!)+'+!&$3=!'$+'!'$/!.3=/2!,32/!CYcA!35!'$/!Y\a!%&!,305%0/)!'3! '$/!+.308&.34/!32%/0'+'/)!&3('$/20!,$+00/.!CW/20X0)/;6Y3.%0+!/'!+.>!"N@KA>!#$/!13)/20!&/+! 5.332! +44/+2&! $%8$.*! /23&%L/! %0! &/%&1%,7! =%'$! +! 23(8$! &/+!

@""! ! ! &/%&1%,! 2/5./,'%30&! 30! <3'$! &%)/&! 35! '$/! ,$+00/.! CR%8>! K>IA>! \0.*! "I! ,1! 35! &/)%1/0'! =+&! ,3../,'/)7!$3=/L/2!'$/!&/%&1%,!5+,%/&!+0+.*&%&!&$3=&!'$+'!&%1%.+2!)/43&%'&!=3(.)!!:*,.%,%'*!%&!/L%)/0'!+0)!.+28/!=%)/6&42/+)!/23&%30+.!&(25+,/&!+2/!+.&3! &//0>!W/20X0)/;6Y3.%0+!/'!+.>!C"N@KA!&(88/&'!'$+'!'$/!.3=/2!,32/!35!'$/!Y\a!%&!132/!+,'%L/! =%'$%0! '$%&! ,$+00/.! )(2%08! 8.+,%+.! ,.%1+'%,! 4/2%3)&7! =$%,$! 1+*! 2/&(.'! %0! '$%&! ,*,.%,%'*! %0! '$/! &/%&1%,! )+'+>! #$/2/! +2/! (0)/2.*%08! /F'/0&%30+.!5+(.'&! %1+8/)! %0! '$/!&/%&1%,!=$%,$7! +.'$3(8$! 03'! 42/&/0'.*! 2/+,$%08! '$/! &/+! 5.3327! 1+*! $+L/! ,30'23../)! '$/! 4.+,/1/0'! 35! '$/! ,30'3(2%'/! ,$+00/.!+0)!532,/)!'$/!,+4'(2/!35!'$/!Y\a!CR%8>!K>IA>!!

92+%0! &%;/! +0+.*&%&! &$3=&! '$/! `:N_! &/)%1/0'! %&! 82+L/..*! &+0)! <*! '/F'(2/! Cv! TV! r! &+0)A! +0)! 4332.*!'3!13)/2+'/.*!&32'/)!CR%8>!^>_A>!['&!-/*!&/)%1/0'+2*!,$+2+,'/2%&'%,!'$+'!)%&'%08(%&$/&!%'! 5231!'$/!3'$/2!,32/!&%'/&!%&!%'!,3+2&/6!'3!L/2*!,3+2&/!&-/=!CR%8>!_>@^!`A!'$+'!%&!%0'/242/'/)!'3! 2/42/&/0'!+!Y\a!L/.3,%'*!,+4+<./!35!=%003=%08!+=+*!+0*!5%0/2!&/)%1/0'>!:3143&%'%30+..*7! '$/! ,3+2&/&'! 432'%30! %&! 1+)/! (4! 35! .+28/! <%3,.+&'%,! ,.+&'&! C&$/..*! 1+'/2%+.A>! #$/2/532/7! &31/! /./1/0'! 35! )3=0&.34/! &/)%1/0'! %05.(F! %&! 2/J(%2/)>! `+'$*1/'2%,! )+'+! &$3=&! 03! 3!"N@KA7!+0)! '$/2/532/!+!&3(2,/!5231!,.3&/2!'3!'$/!9%<2+.'+2!9+'/=+*!&(44.*!%&!'/0'+'%L/.*!42343&/)>!

X"!"!": V6Y:++ c3,+'/)!+)b+,/0'!+0)!)3=0&.34/!35!`:N_!%&!,32/!&%'/!E:NK>!Q'!^_O!1/'2/&!=+'/2!)/4'$7!%'!&%'&! +<3L/!`:N_!30!+!.+28/!13(0)/)!,30'3(2%'/!)2%5'!+'!I_7VIVwZ7!^7VI"wP!CR%8>!K>I!`A>!Q!'3'+.!35! ^>""!1!35!&/)%1/0'!=+&!,3../,'/)!%0!'$/!4%&'30!,32/!=%'$!+0!+))%'%30+.!@!1/'2/!"A>!#$/!'3413&'!_N!,1!+44/+2&!'3!!_>_A>!!

#$/!&/)%1/0'&!5231!E:NK!&$3=!+..!'$/!,$+2+,'/2%&'%,&!35!+!&%.'*!,30'3(2%'/!)/43&%'>!Q))%'%30+.! %05321+'%30!5231!&/%&1%,!)+'+!+..3=&!(&!'3!%0'/242/'!'$%&!+&!+0!/.05$26'!70%53'3!@0560%'! 3&#/6!CR%8>!^>K!]A>!#$/!3,/+0382+4$%,!)+'+!&$3=&!'$+'!'$/!Y\a!.3=/2!<2+0,$!CYcA!%&!,(22/0'.*! 5(..*! ,30'+%0/)! <*! '$/! )//4! ,$+00/.! +0)! )3/&! 03'! +55/,'! '$/! ,32/! &%'/! CR%8>! K>IA>! W3=/L/27! $/+L*! 1%0/2+.! %0)%,+'32&! 5231! '$/! pMR! )+'+! C(&/)! '3! %)/0'%5*! '%1/&! 35! /0$+0,/)! <3''31! ,(22/0'&A! &$3=! +! &%80%5%,+0'! $%8$! %0! '$/! .3=/213&'! &/,'%30! 35! '$/! ,32/! CR%8>! _>@"A! %0)%,+'%08! /0$+0,/)!Yc!%05.(/0,/!%0!'$/!4+&'>!#$/!13(0)/)!)2%5'!%&!,3L/2/)!<*!+!&/)%1/0'+2*!=+L/!5%/.)! CR%8>! K>"A! +0)! )/43&%'%30! %&! '$/! )31%0+0'! 423,/&&>! ['! +44/+2&! '$+'! &/)%1/0'+2*! =+L/&! $+L/! !93%08!5(2'$/2!<+,-!%0!'%1/7!%'!%&!,./+2!'$+'!'$/!13(0)/)! ;"#($'6112:276$#)&'*64'@%%&'5%"#);#16778'+4!#$1*%;')((9'6&;'"%5761%;'@8'6&'%")4#)&67'1)&$)2"#$%'

@"I! ! ! '/22+,/6.%-/!1324$3.38*>!#$%&!%&!/L%)/0,/)!%0!.+'/2+..*!,30'%0(3(&!/23&%30+.!&(25+,/&!'$+'!+2/! &/+=+2)!)%44%08!+0)!5321!30.+4!&(25+,/&!CR%8>!K>IA>!

#$/! &/)%1/0'! 5+,%/&! +2/! '*4%,+..*! ,30'3(2%'%,! =%'$! /./L+'/)! <%3'(2<+'%30! 2+'/&7! 82+)+'%30+.! 5+,%/&!<3(0)+2%/&!+0)!<%82+)+'%30+.!82+)%08>!W%8$!,*,.%,%'*!%&!03'/)!+'!'$%&!,32/!&%'/!CtN>_!1A7! =$%,$!&$3=&!'$/!$%8$/&'!52/J(/0,*!35!82+%0!&%;/!,$+08/&!35!+0*!35!'$/!&%'/&!%0!'$%&!&'()*>!Q&!+! 2/&(.'7!&/L/0!(0%'&!$+L/!! ^>K! ]G! R%8>! ^>_A>! #$/! (44/213&'! (0%'! &$3=&! +! )%55/2/0'! ,3143&%'%30+.! 1+-/6(4! 5231! +..! '$/! (0)/2.*%08! (0%'&! =$%,$! 1+*! ! H0%'! @! C.+28/.*! &//0! 30.*! %0! '$/! '2%88/2! ,32/A! ,30'+%0&! +! .+28/! 532+1%0%5/2+! ,30'/0'! +0)! pMR! +0+.*&%&! &$3=&! $%8$! :+! 2+'%3&>! #$%&! %&! '$3(8$'! '3! 2/42/&/0'! +! )31%0+'%30!35!$/1%4/.+8%,!)/43&%'%30>!!

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a!C'$+'!%&!,(22/0'.*!,30'+%0/)!=%'$%0!'$/!.3=/2!,30'3(2%'/!,$+00/.!+)b+,/0'!'3!'$/!)2%5'A! 2/&(.'&!%0!&31/!3L/25.3=%08!35!<3'$!<3''31!,(22/0'&!+0)!&/)%1/0'!30'3!'$/!)2%5'!'34!+0)!'$/! )/43&%'%30!35!&/)%1/0'>!:3143&%'%30+..*7!'$/!&/)%1/0'!%&!L/2*!)%55/2/0'!'3!'$/!(44/2!&.34/!,32/! &%'/&! E:N^! +0)! H@IOO! CR%8>! ^>^A! +0)! '$/2/532/! +! )%55/2/0'! &/)%1/0'! 423L/0+0,/! %&! $*43'$/&%&/)7!43'/0'%+..*!5231!&/)%1/0'!4%2+'%08!355!'$/!&$/.5!,.3&/!'3!'$/!B'2+%'!35!9%<2+.'+2! =%'$! +! Y/)%'/22+0/+0! ,31430/0'>! #$/! )//4! +)b+,/0'! ,30'3(2%'/! ,$+00/.! C=$/2/! `:N_! %&! .3,+'/)A!2/'+%0&!1(,$!35!'$/!,3+2&/&'!&/)%1/0'!/0'/2%08!'$%&!&*&'/1!+0)!+!.+28/!<3''31!=+'/2! ,32/!%&!2/J(%2/)!'3!+..3=!,3+2&/2!&/)%1/0'&!'3!3L/2&4%..!30!'3!'$/!13(0)/)!)2%5'>!#$%&!+44/+2&! '3!$+L/!$+44/0/)!%0!'$/!.3=/213&'!&/,'%30!35!'$/!,32/!C)+'/)!E./%&'3,/0/A!CR%8>!^>VA>!

W/20X0)/;6Y3.%0+!/'!+.>!C"N@KA!03'/!'$+'!'$/!,30'3(2%'/!5/+'(2/&!3<&/2L/)!+'!'$%&!.3,+.%'*!+2/! '33!.+28/!'3!$+L/!!a32-!<*!M38/2&30!/'!+.>! C"NN_G! "N@"A! $+&! 423L/0! '$+'! '$/! Y\a! %&! 1(,$! 132/! 13<%./! '$+0! 32%8%0+..*! '$3(8$'>! #$/! \L/25.3=! %&! $%8$.*! &/0&%'%L/! '3! ,.%1+'%,! 5.(,'(+'%30&! '$+'! +55/,'! %'&! &/''.%08! )/4'$>! #$%&! %&! %0! +82//1/0'!=%'$!'$/!,+.,(.+'/)!+,,(1(.+'%30!2+'/&!+'!'$%&!,32/!&%'/!'$+'!&$3=!+0!%0,2/+&/!5231! @I>KT!'3!@K@>K!,1l-+!)3=0!'$/!,32/!CR%8>!_>"IA>!#$%&!=%..!I>">!!

@"K! ! ! X"!"!"D V6YZ+ E:NO!%&!.3,+'/)!+'!T^@!1/'2/&!=+'/2!)/4'$!CI_7O"@IwZ!^7T^O"wPA>!['!%&!,.3&/.*!2/.+'/)!'3!,32/! &%'/!E:NK7!.3,+'/)!+4423F%1+'/.*!"_!-1!+=+*!30!'$/!&+1/!,30'3(2%'/!)2%5'>!_>I^!1!35!,32/!=+&! ,3../,'/)!%0!'$/!4%&'30!,32/7!=%'$!+0!+))%'%30+.!1/'2/!%0!'$/!'2%88/2!CR%8>!^>K!PG!9A>!

E:NO!%&!'$/!1())%/&'!35!+..!'$/!&/)%1/0'!,32/&>!['!)3/&!$3=/L/2!&$3=!&1+..!%0'/2! #$/! &/)%1/0'&! 5231! ,32/! &%'/! E:NO! +2/! %0'/242/'/)!+&!+!5%0/682+%0/)!1())*!,30'3(2%'/!)/43&%'!CR%8>!^>K!PA>!#$/!+,3(&'%,!)+'+!&$3=&! '$+'!%'!%&!.3,+'/)!30!'$/!&+1/!5.+0-!35!+!,30'3(2%'/!'.05$26'!70%53'3!3&#/6!+&!E:NK!+0)!'$/! 13)/20! )+*! &/+! 5.332! %&! )31%0+'/)! <*! 1()! =+L/&! CR%8>! K>"A>! ]/43&%'%30! %&! '$/! )31%0+0'! 423,/&&!+0)!'$/!4+2+&3(0)!,./+2.*!%1+8/&!4+2+../.!@A>!!

Q&! +! 2/&(.'! 35! ,314./F! &/)%1/0'! =+L/68/0/2+'/)! /23&%30+.! +0)! 42382+)+'%30+.! (0%'&7! '$/! ,322/.+'%30!35!! ^>^A! +0)! %'&! '2+,/+<%.%'*! !['!&$3(.)!!^>K! 9A>!#$/!<+&/!35!'$%&!(0%'!%&!'$3(8$'!'3!2/42/&/0'!'$/!W3.3,/0/6E./%&'3,/0/!<3(0)+2*!<+&/)!30! '$/!:+lR/!2/&(.'&!=$%,$!&$3=!+!&$+24!2/)(,'%30!30!:+!L+.(/&!CR%8>!_>@NA>!

['!%&!,./+2!'$+'!<3''31!,(22/0'&!1(&'!$+L/!%05.(/0,/)!'$/!)/43&%'%30!35!'$/!2/1+%0%08!&%F!(0%'&! %)/0'%5%/)! CR%8>! ^>K! PA>! E332.*! &32'/)! &%.'! +0)! 1()! 5+,%/&! 35! &*11/'2%,+.! 32! 5%0/.*! &-/=/)! )%&'2%<('%30! )31%0+'/>! #$/! ,32/! &%'/! %&! .3,+'/)! &31/! )%&'+0,/! 5231! '$/! 9%<2+.'+2! 9+'/=+*! =$/2/! '$/!Y\a! %&! <23+)! +0)!&.(88%&$>! #$/2/532/! &31/! 2/=32-%08! 35! $/1%4/.+8%,! &/)%1/0'! ,3(.)!/F4.+%0!'$/!3<&/2L+'%30&!CR%8>!^>K!PA>!E/2%3)%,!&'2/08'$/0%08!35!'$/!Y\a!3L/2!'$/!,32/! &%'/!%&!'$/!,+(&/!35!'$/!,3+2&/2!&/)%1/0'!'$+'!%&!&//0!C(0%'&!I7!K!+0)!VA>!:3143&%'%30+.!+0+.*&%&! 35!'$/!&/)%1/0'!=%'$!)/4'$!2/L/+.&!+0)!0(1!R%2&'.*7!+!,*,.%,!+.'/20+'%30! !_>@NA>!#$/!2/&(.'%08! '2/0)!+44/+2&!&%1%.+2!'3!g@O\!&%80+.!&//0!%0!4/.+8%,!+0)!$/1%4/.+8%,!&/)%1/0'+'%30!+,23&&!'$/! 8.3!M38/2&30!/'!+.>!C"NN_A!&(88/&'!'$+'!'$%&!%&!2/.+'/)!'3!,$+08%08!)31%0+'%30!35!1%,2353&&%.! &/''.%08!)(2%08!&/+!./L/.!$%8$&!L&>!,.+&'%,!%05.(F!)(2%08!&/+!./L/.!.3=&'+0)!+0)!43%0'&!'3=+2)&!+! $/1%4/.+8%,6'361())*!,30'3(2%'/!&/)%1/0'+'%30!+'!'$%&!,32/!&%'/>!

Q&!=%'$!E:NK7!'$/2/!%&!+0!%0,2/+&%08!2+'/!35!&/)%1/0'!+,,(1(.+'%30!)3=0!'$/!,32/!5231!V>_"! ,1l-+! '3! I_>_! ,1l-+! CR%8>! _>"IA! +0)! +! ,322/&430)%08! %0,2/+&/! %0! &+0)! ,30'/0'>! #$%&! %&! &(88/&'%L/!35!+0!%0,2/+&/)!%05.(/0,/!35!Y\a!%0!'$/!4+&'>!! @"_! ! ! X"!"!"X N#7\YY+ :32/!]@ITNN!%&!35!4+2'%,(.+2!%0'/2/&'!30!+,,3(0'!35!'$/!42/&/0,/!35!+!'$%,-!&+0)!(0%'!_!+0)!oK>_!1/'2/&!CR%8>!^>K!WA>!['!=+&!,3../,'/)!5231!'$/!.3=/2!&.34/!+'!@"TV!1!=+'/2!)/4'$! CI_7O@NwZ7!V>_@VwPA!1+-%08!%'!'$/!)//4/&'!35!'$/!,32/&!/F+1%0/)!%0!'$%&!&'()*>!

#$/! &/)%1/0'! +'! ,32/! &%'/! ]@ITNN! &$3=&! /L%)/0,/! 532! 1(.'%4./! )/43&%'%30+.! 423,/&&/&! 3L/2! '%1/>!#$/!&/J(/0,/!%&!%0'/242/'/)!+&!+!@0560%'!/25!3&#/6!)/43&%'!,+44/)!<*!+!,'7#A'.2$#@! &/J(/0,/>!a%'$!03!+,3(&'%,!)+'+!+L+%.+<./!3L/2!'$/!,32/!&%'/!532!'$%&!&'()*7!+..!%05321+'%30!=+&! 8+'$/2/)! 5231! 4(<.%,+'%30&! 30! '$/! +2/+>! #$/! 1324$3.38*! 35! '$/! 2/8%30! %&! =/..! ,30&'2+%0/)! '$23(8$! <+'$*1/'2%,! &'()%/&! CY(.)/2! /'! +.>! "NNIG! W+0J(%/;! /'! +.>! "NNVA! +0)! &'()%/&! (&%08! &/%&1%,!)+'+!CW+<833)!/'!+.>!"NNIG!W+0J(%/;!/'!+.>!"N@NA>!c3,+'/)!30!'$/!.3=/2!&.34/7!'$/!,32/! &%'/!%&!&%'(+'/)!+'!'$/!/F%'!35!'$/!)3=0&.34/632%/0'+'/)!9%.!P+0/&!:$+00/.!Cg/0*30!/'!+.>!"NNNA! CR%8>!">^A>!#$%&!,$+00/.!%0,%&/&!%0'3!'$/!.3=/2!&.34/!=$%,$!+44/+2&!'3!!!

]/'+%./)!&/)%1/0'+2*!.388%08!35!4%&'30!,32/!]@ITNN!2/L/+.&!5%L/!(0%'&!CR%8>!^>K!WA>!#$/!1())*! (44/213&'!(0%'&!C@6IA!+2/!'*4%,+.!35!+!L/2*!.3=!/0/28*!$/1%4/.+8%,!/0L%2301/0'>!#$%&!%&!<+,-/)! (4!<*!3,/+0382+4$%,!C:#]A!)+'+!'$+'!&$3=&!'$/!,32/!&%'/!%&!,(22/0'.*!! "N@NA>! `/.3=! '$/! Y\a7! '$/! Z32'$!Q'.+0'%,! ]//4! a+'/2!CZQ]a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a!)3=0!'3!'$/!.3=/2!&.34/>!!`3''31!,(22/0'&!,30'+%0/)!<*!'$/!9%.!P+0/&! ,$+00/.!=3(.)!$+L/!!#$/*!=/2/! '$(&! +<./! '3! '2+0&432'! 833)! J(+.%'*! &+0)! 3L/2! '$/! KN! -1! 5231! '$/! 1%)&.34/! ,30'3(2%'/! '/22+,/&>! H430! 2/+,$%08! 0/('2+.!<(*30+0,*7! '$/!Y\a! ,/+&/&! '3! +,,/./2+'/! )3=0&.34/7! +0)! @"^! ! ! '$/2/532/!%'&!L/.3,%'*!=%..!)/,2/+&/>!#$%&!=%..!2/)(,/!%'&!/23&%L/!,+4+,%'*7!+0)!'$/!,$+00/.!=%..! '/21%0+'/>! a%'$3('! +! ,$+00/.! '3! ,30'+%0! '$/! Y\a! ,32/7! '$/! =+'/2! 1+&&! =%..! &42/+)7! +0)! 5(2'$/2!)/,/./2+'/7!)2344%08!%'&!!#$%&!%&!'$3(8$'!'3!!W3=/L/27!'$/!+,,(1(.+'%30!35!5%0/682+%0/)!$/1%4/.+8%,!&/)%1/0'&!+<3L/!'$%&!&+0)! (0%'!%0)%,+'/&!'$+'!&(,$!423,/&&/&!=/2/!+,'%08!%0!'$/!4+&'!+0)!+2/!03!.308/2!,30'%0(%08>!#$%&! $+&!!"N@KG!M38/2&30! /'!+.>!"NN_A>!#$%&!%&!5(2'$/2!)%&,(&&/)!I>!!

X"!"!"] 6'0%+6'00%4-5)'2+ #$/! ,32/! )+'+! $+&! ! B31/! 8>! (0%'! @! %&! ,./+2.*! %)/0'%5%/)! %0! <3'$! E:NK! +0)! E:NO! <+&/)! 30! ,3.3(2! +.30/! +0)! ,+0! !\'$/2!!#$/! &'()*!(&/&!+!,31<%0+'%30!35!L%&(+.!,32/!)/&,2%4'%30&7!,3143&%'%30+.!)+'+!C=$/2/!+L+%.+<./A!+0)! &/)%1/0'!)+'%08!'3!4.+,/!'$/&/!&/)%1/0'&!=%'$%0!+!&'2+'%82+4$%,!52+1/=32->!P%8$'!,32/&!=/2/! &/./,'/)! 532! ,322/.+'%30G! &%F! 5231! '$/! :\Z#\HM[#`PM! [! &'()*! CE:NK7! E:NK! #97! `:N_7! E:N^7! E:NO7! E:NO! #9A7! 30/! 5231! '$/! [\]E! IIT! /F4/)%'%30! CH@IOOA! +0)! 30/! 5231! '$/! .3=/2! &.34/! ZPM:!,32/&!C]@ITNNA>!#$/&/!=/2/!&/./,'/)!30!+,,3(0'!35?!@A!#$/%2!833)!2/42/&/0'+'%30!35!+0! (44/2!'3!.3=/2!&.34/!'2+0&/,'!C.3,+'%30!%0)%,+'/)!30!R%8>!I>@AG!+0)!"A!#$/!+L+%.+<%.%'*!35!)+'+>! R%8(2/!^>V!8%L/&!'$/!5%0+.!,32/!,322/.+'%30!4+0/.7!=%'$!'$/!b(&'%5%,+'%30!3('.%0/)!!

X"!"!"]"# #:6+3-5%&+ ]+'/&! 532! '$/! &/)%1/0'&! +,23&&! '$/! 2/8%30! $+L/! ! Q8/&! =/2/! +,J(%2/)! 5231! L+2%3(&!&3(2,/&G!'$/!.3=/2!&.34/!,32/!]@ITNN!5231!M38/2&30!/'!+.>!C"NN_AG!E:NK7!`:N_7!E:N^! +0)! E:NO! 5231! @K:! )+'%08! +0)! H@IOO! 5231! @K:! )+'%08! +0)! 4+.+/30'3.38*! &'()%/&! <*! #$/! PF4/)%'%30!IIT!B,%/0'%&'&!C"N@"A>!

#$/!W3.3,/0/6E./%&'3,/0/!<3(0)+2*!%&!5+%2.*!=/..!,30&'2+%0/)!+,23&&!+..!,32/!&%'/&!C<.+,-!)+&$/)! .%0/! R%8>! ^>VA>! Q! &+0)! (0%'! %0! ,32/! ]@ITNN! _! +0)! oK>_! 1/'2/&! $+&! !C"NNIA!+0)!&.%8$'.*!.+'/2!<*!M38/2&30!/'!+.>!C"NN_A7! =$3!%0'/242/'&!'$/!3L/2.*%08!1()!(0%'!+&!W3.3,/0/!%0!+8/>!`+&/)!30!'$/!@K:!)+'%087!'$/!&+1/! ,+0!!#$/!,32/&!%0!'$/!1%)6!+0)!(44/26&.34/!$+L/!! R%0+.!)+'/&!+2/!&$3=0!%0!R%8(2/!^>V>!Q!1(,$!'$%,-/2!W3.3,/0/!&/,'%30!%&!3<&/2L/)!%0!'$/!(44/2! &.34/!,32/&!=$/0!,314+2/)!'3!'$/!1%)!+0)!.3=/2!&.34/>!

@"V! ! ! @"O !

! ! "#$%&'!^)`*!A'@6! #5@&'28'3! 8253! 3'A08#6#05! 2@&088! 6,'! %AA'&!8.0A'!3%$!#56'&$.2@#2.!'U'568)!!

\'$/2! /L/0'&! +2/! .%0-/)! '3! 8.+,%+.!1+F%1+! +0)! W/%02%,$! PL/0'&7! +.'$3(8$! '$/! .3=! 2/&3.('%30! )+'%087! +0)! '$/! %0,30&%&'/0,%/&! ! ^>VA>! Q..! '$/! &/)%1/0'! 53(0)! %0! '$/! ,32/! %&! 35! W3.3,/0/! +0)! .+'/! E./%&'3,/0/!%0!+8/>!#$/*!,3L/2!'$/!.+&'!8.+,%+.7!'$/!W3.3,/0/!=+21%087!+0)!I6K!W/%02%,$!/L/0'&! CR%8>!^>VA>!

X"!"!"]"! RI8+ R(2'$/2! /L%)/0,/! 532! ,322/.+'%30! =+&! 8+'$/2/)! 5231! pMR! )+'+! %0! '$/! :\Z#\HM[`PM! [! 4%&'30! ,32/&!CE:NO7!E:N^7!+0)!E:NOA>!:$+4'/2!_!3('.%0/&!'$/!1/'$3)&!+0)!2/&(.'&!5231!'$/!L+2%3(&! +0+.*&/&!,314./'/)!(&%08!'$/!2+=!pMR!)+'+>!['!*%/.)/)!%1432'+0'!%05321+'%30!+<3('!&/)%1/0'! ,3143&%'%307!<('!%&!+.&3!+!(&/5(.!'33.!532!,32/!,322/.+'%30>!!

R%2&'.*7!'$/!:+lR/!2/&(.'&!CR%8>!^>OA!&$3=!L/2*!)%55/2/0'!'2/0)&!)3=0!+..!'$2//!,32/!&%'/&>!W+L%08! &+%)!'$%&7!+..!'$2//!,32/&!&$3=!+0!(44/2!(0%'!=%'$!$%8$!:+lR/!3L/2.*%08!=%'$!+0!+<2(4'!2/)(,'%30! %0! L+.(/&! %0! '$/! (0)/2.*%08! (0%'! CR%8>! ^>OA>! #$%&! ,3(.)! !['!%&!$3=/L/2!.%-/.*!2/42/&/0'%08!'$/!W3.3,/0/6E./%&'3,/0/! <3(0)+2*!%0!'$/!1%)&.34/!E:NK!+0)!E:NO!,32/&>!PF+1%0+'%30!35!'$/!,3143&%'%30!35!'$%&!(44/2! (0%'!C(0%'!@!%0!R%8(2/!^>^!QG!`A!&$3=&!'$+'!%'!,+0!!^>^A>!#$/!&())/0!%0,2/+&/!35!:+lR/!L+.(/&!%0!'$/!(44/2! (0%'! 35! '$/! 4%&'30! ,32/&! E:NO! +0)! E:NK! %&! '$/2/532/! .%-/.*! '3! 2/42/&/0'! '$/! E./%&'3,/0/6 W3.3,/0/!<3(0)+2*!C<+&/)!30!:+lR/!)+'+!+0)!@K:!)+'%08A>!#$/!W3.3,/0/6E./%&'3,/0/!<3(0)+2*! %0!H@IOO!+44/+2&!'3!!^>VA>!!!

Y0!%&!+.&3!+!833)!+%)!'3!,32/!,322/.+'%30>![0!:$+4'/2!_!%'!=+&!03'/)!'$+'!'$/!Y0!,3(0'!=+&! &%80%5%,+0'.*!$%8$/2!'$+0!=3(.)!!#$/!2/&(.'&!&$3=! &31/! )%&'%0,'! '2/0)&! )3=0! '$/! ,32/! '$+'7! +.308! =%'$! '$/! :+lR/! ,(2L/&! ,+0! !^>OA>!a$+'!%&!132/!(&/5(.!+2/!'$/! B%lQ.7!#%lQ.!+0)!glQ.!,(2L/&!+,J(%2/)!%0!pMR>!:3%0,%)/0'!4/+-&!$+L/!! W/2/! '$/*! +.&3! 423L%)/!+!43=/25(.!,32/!,322/.+'%30!'33.!CR%8>!^>TA>!!

H&%08! +..! '$/! %05321+'%307! +! 5%0+.!,32/! ,322/.+'%30! 4+0/.! $+&! ! R%8(2/!^>V! &$3=&! 5231! '$/! .3=/2! &.34/! C./5'! $+0)! &%)/A! '3! '$/! (44/2! &.34/! C2%8$'! $+0)! &%)/A>! #$/!g@O\! 82+4$! &3(2,/)! 5231! B'(%L/2! +0)! 9233'/&! C"NNNA! +0)! &$3=&! '$/! 1+b32! ,.%1+'%,! /L/0'&! '$+'! $+L/! %05.(/0,/)!'$/!Q'.+0'%,!\,/+0>!#$/!42/.%1%0+2*!,30,.(&%30&!5231!'$/!,32/!,322/.+'%30!4+0/.!+2/! '$+'!132/!&+0)6)31%0+'/)!)/43&%'%30!3,,(22/)!+,23&&!'$/!(44/2!&.34/!)(2%08!'$/!W3.3,/0/7! =$/2/+&!&+0)!=+&!132/!42/L+./0'!%0!+,23&&!'$/!.3=/2!&.34/!42%32!'3!'$/!30&/'!35!'$/!W3.3,/0/>! #$%&!=%..!!!

!

"#$%&'!^)V*!F5kC.!@%&U'8!A.066'3!:#6,!12k"'!/0&!6,'!6,&''!A#8605!@0&'8)!H#$,!F5!U2.%'8!#53#@26'! 6#7'8! :,'5!6,'!&'$#05! :28! 8:'A6! =9!:'..B0>9$'526'3! =06607!:26'&8)! +'5626#U'! @0&&'.26#058! ,2U'!=''5!723'!='6:''5!@0&'8!=28'3!05!@%&U'!6&'538)!!

@IN! ! !

!

"#$%&'!^)S*!+'5626#U'!@0&&'.26#05!%8#5$!@0#5@#3'56!]#kC.!<=.%'?a!+#kC.!<&'3?!253!ckC.!<$&''5?!A'2;8! <8,23'3!#5!$&'9?)!!

N"7 8*,A(,,*%&-

D"4"# =&<%1/,7+9,=&123&'&(9,&G,.3%,$6'G,&G,5+<)L,,

X"7"#"# L-&5%02+O?49+'9+6-3)(+ #$/! &'()*! 2/L/+.&! '$+'! '$/! /+&'/20! 9(.5! 35! :+)%;! ,30'3(2%'/! )/43&%'%30+.! &*&'/1! %&! $%8$.*! ,314./F! +0)! 132/! L+2%/)! '$+0! =+&! 42/L%3(&.*! '$3(8$'>! a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a!4+'$=+*&! 42%32!'3!'$/!W3.3,/0/!8.3<+.!=+21%087!+0)!+!0/=!(0)/2&'+0)%08!35!'$/!,$+08%08!%05.(/0,/!35! '$/!Y\a!+&!)2%L/0!<*!,.%1+'%,!,$+08/&!%&!42/&/0'/)>!#$/!%14.%,+'%30&!532!1324$3.38%,+.!+0)! 3,/+0382+4$%,!(0)/2&'+0)%08!+2/!)%&,(&&/)!$/2/%0>!

@I@! ! ! #$/!,32/!&%'/&!&$3=!L/2*!)%55/2/0'!&/)%1/0'+2*!+0)!+,3(&'%,!,$+2+,'/2%&'%,&!'$+'!+2/!)%2/,'.*! .%0-/)! '3! '$/%2! )/43&%'%30+.! /0L%2301/0'! +0)! /L3.('%30! 3L/2! '%1/>! R%8(2/! ^>@N! (&/&! '$/! <+'$*1/'2%,7!+,3(&'%,!+0)!&/)%1/0'!)+'+!'3!,2/+'/!+!42/&/0'!)+*!1324$36&/)%1/0'+2*!1+4!35! '$/! &'()*! +2/+>! #$/! (44/2! +0)! 1%)&.34/! 5/+'(2/&! <(%.)! 30! =32-! 4(<.%&$/)! <*! W/20X0)/;6 Y3.%0+! /'! +.>! C"N@KA>! #$/! 1+4! /F'/0)&! '3! =+'/2! )/4'$&! 35! +4423F%1+'/.*! @INN! 17! =%'$! '$/! .3=/2! &.34/! 5/+'(2/&! "G! R%8>! I>@A7! +0)! 4(<.%&$/)! %05321+'%30! CW+<833)! /'! +.>! "NNIG! M38/2&30!/'!+.>!"NN_G!W/20X0)/;6Y3.%0+!/'!+.>!"NN^G!"N@"G!f%'/..%0%!/'!+.>!"NNTG!W+0J(%/;!/'!+.>! "N@NA>!P+,$!-/*!5/+'(2/!30!'$/!1+28%0!=%..!!

#$/!,30'%0/0'+.!&$/.5!%&!3('&%)/!'$/!&,34/!35!'$%&!&'()*!+&!'$/!Y\a!)3/&!03'!+55/,'!'$/!1+28%0! +'! '$/&/! =+'/2! )/4'$&! C/F,/4'! 532! &31/! 4/2%3)%,! '%)+.! 13L/1/0'&! ,.3&/! '3! '$/! 9%<2+.'+2! 9+'/=+*! Cc3<3! /'! +.>! "NNNA>! ['! %&! =32'$! 03'%08! '$+'! Z/.&30! /'! +.>! C@TTTA! $+L/! ,314./'/)! +! '$323(8$! &'()*! 35! '$/! &$/.5+.! &/)%1/0'&>! g/*! 43%0'&! '3! 03'/! 5231! '$/%2! &'()*! +2/?! @A! #$/! )%&'2%<('%30!35!&/)%1/0'+2*!5/+'(2/&!+,23&&!'$/!&$/.5!%&!,30'23../)!<*!'$/!BP!5.3=%08!Q'.+0'%,! [05.3=!a+'/2&!C,30&%&'%08!35!'$/!Q'.+0'%,!B(25+,/6!+0)!Z32'$!Q'.+0'%,!:/0'2+.!a+'/2&AG!"A!Y(,$! 35!'$/!&$/.5!%&!)31%0+'/)!<*!+!W3.3,/0/6+8/)!1()7!4+2'%,(.+2.*!355&$32/!1+b32!2%L/2!&3(2,/&G! +0)! IA! [0,2/+&/)! ,(22/0'! L/.3,%'%/&! 0/+2! '$/! 9%<2+.'+2! 9+'/=+*! 2/&(.'! %0! 2/)(,/)! 1()! )/43&%'%30! +0)! '$/! )/L/.341/0'! 35! +! &+0)! )(0/! 5%/.)! +,23&&! '$/! /0'%2/! &3('$/2013&'! &$/.5! CZ/.&30! /'! +.>! @TTIG! @TTTA>! #$/! &$/.5! %&! (4! '3! KN! -1! =%)/! =%'$! '$/! &$/.5! <2/+-! 3,,(22%08! +'! +4423F%1+'/.*!@IN!1>!#$/!Q'.+0'%,![05.3=!a+'/2&!CQ[A!&=//4!+,23&&!'$/!&$/.5!%0!+!&3('$/+&'/2.*! )%2/,'%30!'3=+2)&!'$/!9%<2+.'+2!9+'/=+*!C`+2%08/2!+0)!E2%,/!@TTTA>!Q!43&&%<./!&/)%1/0'!&3(2,/! 532!'$/!&'()*!+2/+!%&!&/)%1/0'!&=/4'!355!'$/!&$/.5!<*!L%8323(&!Q[7!+0)!/0'2+%0/)!%0'3!'$/!Y\a>!

:32/!&%'/!E:N^!%&!.3,+'/)!+'!'$/!&$+..3=/&'!=+'/2!)/4'$&!%0!'$/!&'()*!+2/+!30!'$/!(44/2!&.34/! =$%,$!$+&!+!&.34/!82+)%/0'!35!"6Iw!CZ/.&30!/'!+.>!@TTIA>!#$/!(44/2!&.34/!%&!1+)/!(4!35!+,'%L/.*6 5321%08!4.+&'/2/)!,30'3(2%'/!)2%5'&!'$+'!+2/!%05.(/0,/)!<*!'$/!42/&/0'!)+*!(44/2!<2+0,$!35!'$/! Y\a!CYHA>!Q,,(1(.+'%30!2+'/&!+2/!$%8$?!@K:!)+'%08!4('&!'$/!/0'%2/!">K!1!35!,32/!+&!W3.3,/0/! %0!+8/>!#=3!8/0'.*!)%44%08!Ct@wA!'/22+,/&7!&/4+2+'/)!<*!+!;30/!35!&'//4/2!82+)%/0'!&'/4&7!1+-/! (4! '$/! 1%)! &.34/! &/,'%30>! Q,3(&'%,! )+'+! &$3=&! '$+'! '$/! '/22+,/&! +2/! $%8$.*! /23&%L/7! =%'$! 5(223=&7!&+0)!=+L/&!+0)!&+0)!2%<<30&>!W3=/L/27!!"NN_G!B'3=!/'!+.>!"N@@A>!B/)%1/0'!,32/&!H@IOO! +0)!!`:N_!+2/!,3../,'/)!5231!=%'$%0!'=3!,30'3(2%'/!,$+00/.&7!30/!032'$/20!+0)!30/!&3('$/20!!

@I"! ! !

!

"#$%&'!^)(K*!C!70&A,0.0$#@2.!72A!0/!6,'!'286'&5!-%./!0/!123#4!@0560%'!3'A08#6#052.!8986'7)!F03#/#'3!/&07!P'.805!'6!2.)!<(SSL?O!H2=$003!'6!2.)!

@II! ! ! ,$+00/.!CR%8>!^>@NA7!'$+'!%0,%&/!'$/!'/22+,/!%0!+0!+.308&.34/!32%/0'+'%30>!#$/&/!,$+00/.&!$+L/! &%1%.+2! 1324$3.38%/&7! =%'$! /23&%30! 30! '$/! (44/2! +0)! )/43&%'%30! 35! 13(0)/)! )2%5'&! 30! '$/! .3=/2!,$+00/.!5.+0-&>!Q.308!'$/!&/+=+2)!<3(0)+2*!35!'$/!.3=/2!,30'3(2%'/!'/22+,/7!+!13(0)/)! ,30'3(2%'/!)2%5'!,+0!!['!2/+,$/&!+0!/./L+'%30!35!+4423F%1+'/.*! @NN! 1! +<3L/! '$/! +)b+,/0'! &3('$/20! ,$+00/.7! )%1%0%&$%08! %0! $/%8$'! '3=+2)&! '$/! 032'$=/&'! CW/20X0)/;6Y3.%0+!/'!+.>!"N@KA>!`3'$!E:NK!+0)!E:NO!=/2/!,3../,'/)!5231!'$%&!)2%5'!=$%,$!$+&!+! )/43&%'%30+.!,2/&'!32%/0'+'/)!+.308&.34/!%0!+!ZZa6BBP!)%2/,'%30!CR%8>!^>@NWB'C*%'+7%%9'4#;%')(' '$/!)2%5'!%&!,3L/2/)!%0!&/)%1/0'!=+L/&!'$+'!,+0!@A>!!

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a!)%2/,'%30!CR%8>!^>@NA!CW+<833)!/'! +.>!"NNIA>!Q'!'$/!'/21%0+'%30!35!'$/!,$+00/.!%&!+!,30'3(2%'/!5+0!)2%5'!)/43&%'!5231!=$%,$!,32/! ]@ITNN! =+&! ,3../,'/)>! \0! '$/! L/2*! .3=/213&'! &.34/7! ,30'3(2%'/! )/43&%'%30! 8%L/&! =+*! '3! $/1%4/.8%,!+0)!.3,+.%&/)!'(<%)%'/!)/43&%'%30!CR%8>!^>@NA!CW+0J(%/;!/'!+.>!"N@NA>!

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

#$/! 2/&(.'&! +,23&&! '$/! /0'%2/! 2/8%30! &$3=! +! ,314./F! )%&'2%<('%30! 35! &+0)! '$+'! %&! 03'! &3./.*! 2/.+'/)!'3!+!&*&'/1+'%,!)/,/./2+'%30!35!'$/!Y\a!+=+*!5231!'$/!9%<2+.'+2!9+'/=+*!CR%8>!_>@A>! g/*!3<&/2L+'%30&!+2/G!

@A :.3&/!'3!'$/!9%<2+.'+2!9+'/=+*7!/23&%30!%&!42/L+./0'>!Z306)/43&%'%30!+0)!/23&%30!$+&! ./)!'3!.+28/!&=+'$&!35!23,-*!3(',234!30!'$/!&/+!5.332!%0!'$/!13&'!/+&'/2013&'!432'%30! 35!'$/!9(.5!35!:+)%;!CW/20X0)/;6Y3.%0+!/'!+.>!"NN^G!"N@IA>!

@IK! ! ! "A #$/2/! %&! +! <23+)! '2/0)! 35! )/,2/+&%08! 82+%0! &%;/! +=+*! 5231! '$/! 9%<2+.'+2! 9+'/=+*! '3=+2)&!'$/!032'$=/&'!+0)!=%'$!%0,2/+&/)!=+'/2!)/4'$!'3=+2)&!'$/!=/&'>!#$/2/!+2/! $3=/L/2!/F,/4'%30&!'3!'$%&!&*&'/1+'%,!)/,2/+&/!%0!1/+0!82+%0!&%;/>!! IA :30'3(2%'/!,$+00/.&7!+&!%)/0'%5%/)!+0)!1+44/)!<*!W/20X0)/;6Y3.%0+!/'!+.>!C"NN^A!+0)! W+0J(%/;! /'! +.>! C"NNVA7! $3.)! '$/! $%8$/&'! &+0)! 432'%30>! ['! %&! ,./+2! '$+'! 1324$3.38%,+.! 532,%08! 32! +,,/./2+'%30! 35! '$/! Y\a! 4.+*&! +0! %1432'+0'! 4+2'! %0! ,30'23..%08! &+0)! )%&'2%<('%30>! KA #$/2/!+2/!$%8$!L3.(1/&!35!&+0)!+,23&&!)2%5'&!%0!'$/!(44/2!&.34/7!+0)!+,23&&!'$/!'/22+,/! +0)!,30'3(2%'/!,$+00/.&!35!'$/!1%)!&.34/!35!'$/!423F%1+.!&/,'32>!!

!

"#$%&'! ^)((*! +,'! A&'8'56! 329! 70&A,0.0$#@2.! 8'6! %A! 0/! 6,'! C.$2&U'! 72&$#5! 72AA'3! 0U'&! 6,'! 3'A6,!60!8'2='3)!M28'3!05!8'#87#@!3262!/&07!Z.2U'!'6!2.)!'3)!M06607!@%&&'568!#53#@26'3!=9!=.%'!2&&0:8)!!YFQ!N!'.05$26'!F0%53'3!Q&#/6O!]Q!N! ],''6'3!Q&#/6)!! @I_! ! ! D"4"! =+1()/,PN&'6.)&/,+/<,M+'+%&*%+/&(1+23)*,F:2')*+.)&/8,

X"7"!"# L-&5%02+O?49+'9+6-3)(+

X"7"!"#"# $E^+94'A+,-5C&+'.%0+5)/%+ #$/!13)/20!)+*!$*)23)*0+1%,!&/'6(4!35!'$/!1+28%0!%&!=/..!,30&'2+%0/)!'$+0-&!'3!/F'/0&%L/! &'()%/&!53,(&/)!30!35!'$/!0+'(2/!35!'$/!Y\a!4.(1/!%0!'$/!/+&'/20!9(.5!35!:+)%;!CR%8>!^>@"!QA>! #$/!&*&'/1!%&!)2%L/0!<*!'$/!/F,$+08/!35!=+'/2!1+&&/&!+'!'$/!9%<2+.'+2!9+'/=+*7!=%'$!'$/!,3.)7! 2/.+'%L/.*!.3=!&+.%0%'*!Q'.+0'%,![05.3=!a+'/2!CQ[A!/F,$+08%08!=%'$!'$/!)/0&/!Y\a!!['!%&! -03=0!'$+'!'$/!Q[!%&!1+)/!(4!35!'$/!Z32'$!Q'.+0'%,!B(25+,/6!+0)!'$/!Z32'$!Q'.+0'%,!:/0'2+.! a+'/2&!'$+'!&=//4!'$/!,30'%0/0'+.!&$/.5!+0)!(44/213&'!&.34/!)3=0!'3!+4423F%1+'/.*!INN!1! +,,/./2+'%08!+0)!&$3+.%08!+&!%'!0/+2&!'$/!9%<2+.'+2!9+'/=+*!CZ/.&30!/'!+.>!@TTTA>!`/.3=!INN!1! =+'/2!)/4'$7!'$/!Y\a!%&!42/&/0'!%0!'$/!5321!35!+!<23+)!'+<(.+2!5.3=!=%'$!'=3!1+%0!,32/&7!'$/! Y/)%'/22+0/+0! H44/2! a+'/2! CYHA! +0)! '$/! Y/)%'/22+0/+0! c3=/2! a+'/2! CYcA! CQ1<+2! +0)! W3=/! @TVTG! `32/0+&! /'! +.>! "NN"G! W/20X0)/;6Y3.%0+! /'! +.>! "N@@A>! P+,$! ,32/! $+&! )%55/2/0'! 5*84#167'5")5%"$#%4A'!#$*'$*%'/55%"'E)"%'@%#&>'!6":%"'6&;'7%44'467#&%'! "N@"A>! #$/&/! '=3! ,32/&! +2/! .+28/.*! ,30'+%0/)! <*! ,30'3(2%'/! ,$+00/.! 5/+'(2/&! %0! '$/! /+&'/20! +0)! ,/0'2+.!9(.5!35!:+)%;!CW/20X0)/;6Y3.%0+!/'!+.>!"NN^G!"N@KA>!#$/!23('/!35!'$/!-/*!=+'/2!1+&&/&! %&! '$3(8$'! '3! !"NN_A!CR%8>!^>@"!QG!^>@I!QA>!

#$/!,32/!)+'+!(&/)!%0!'$%&!&'()*!&$3=&!'$+'!,30'3(2%'/!)/43&%'%30!$+&7!%0!'$/!4+&'7!_! 1! %0! H@IOO! CR%8>! ^>VA>! #$%&! %&! %0! +82//1/0'! =%'$! 3<&/2L+'%30&! 5231! '$/! ,/0'2+.! +0)! 032'$/20! 9(.5! 35! :+)%;! =$/2/! +('$32&! 3<&/2L/! +0! /0$+0,/1/0'! 35! Y\a! %0'/0&%'*! +,23&&! '$/! (44/2! &.34/! W3.3,/0/! &/,'%30! 1+2-/)! <*! +0! %0,2/+&/! 35! 82+%0! &%;/! CB'3=! /'! +.>! @TO^G! Z/.&30! /'! +.>! @TTIA>! E2/6W3.3,/0/7! 5%0/2682+%0/)! &/)%1/0'&! %0)%,+'/! '$+'! .3=! /0/28*! ,30)%'%30&! 42/L+%./)! +,23&&! '$/! (44/2! &.34/>! #$%&! %&! ,3%0,%)/0'! =%'$! +0! /0$+0,/1/0'! 35! <3''31! ,(22/0'! +,'%L%'*! +,23&&! '$/! 1%)6&.34/! 13(0)/)! )2%5'7!1+2-/)!<*!+0!%0,2/+&/!%0!82+%0!&%;/!+'!,32/!&%'/&!E:NK!+0)!E:NO!K!+0)!o_>"_!1! 2/&4/,'%L/.*! CR%8>! ^>VA>! #$%&! &(88/&'&! +! =/+-/0%08! 35! '$/! YH! )(2%08! 42/6W3.3,/0/! 8.+,%+.! ,30)%'%30&7!+0)!+0!+&&3,%+'/)!&'2/08'$/0%08!35!'$/!Yc!)(2%08!8.+,%+.&!CW/20X0)/;6Y3.%0+!/'!+.>! "N@KA>!W3=/L/27!'$/2/!%&!+.&3!/L%)/0,/!'$+'!'$/!<3''31!,(22/0'&!+55/,'/)!'$/!.3=/2!&.34/!%0! '$/!4+&'>!#$/!.3=/2!&.34/!,32/!&%'/&!C]@INV_7!]@IOTT!+0)!]@ITNNA!$+L/!1()6&%.'!,32/!'34&7! <('!+..!5/+'(2/!)%&'%0,'!&+0)!.+*/2&!+'!)/4'$>!Q!1+b32!&+0)!<3)*!!^>VA!!$+&!!!C"NN_A!+&!2/42/&/0'+'%L/!35!!'$/!.+&'!

@I^! ! ! !

!

"#$%&'!^)(J*!FGE!/.0:!#5!6,'!'286'&5!-%./!0/!123#4)!C?!Q%$!#56'&$.2@#2.!H]+!6#7'8!<28!A&'8'56! 329?)!M?!Q%$!$.2@#2.!72>#72!#726'!A0#56!:,'&'! 6,'!:26'&!7288!@,25$'8!/&07!2!$&2U#69B3&#U'5!@28@23#5$!:26'&!7288!60!2!$'086&0A,#@!05')!CD!N! C6.256#@! D5/.0:! E26'&O! FGE! N! FGEO! Fb! N! F'3#6'&&25'25! bAA'&! E26'&O! FZ! DM! N! F'3#6'&&25'25! Z0:'&! E26'&! D56'&7'3#26'! M&25@,O! FZ! TM! N! F'3#6'&&25'25! Z0:'&! E26'&! T@#A2.!M&25@,O!FZ!]M!N!F'3#6'&&25'25!Z0:'&!E26'&!]0%6,'&5!M&25@,!#7%7)!!

! @IV! ! !

!

"#$)!^)(L*!!]@,'726#@!<:#6,!'>2$$'&26'3!8'2!='3!60A0$&2A,9?!0/!6,'!@,25$#5$!8'66.#5$!3'A6,8!0/! 6,'!72#5!:26'&!7288'8!#5!6,'!86%39!2&'2!&'.26#U'!60!6,'!0=8'&U'3!70&A,0.0$9)!]CE!N!C6.256#@! ]%&/2@'! E26'&O! PC1E! N! P0&6,! C6.256#@! 1'56&2.! E26'&! <:,#@,! @07=#5'! 60! /0&7! 6,'! C6.256#@! #5/.0:! E26'&?O! CCDE! N! C6.256#@! D56'&7'3#26'! E26'&O! FGE! N! FGEO! Fb! N! F'3#6'&&25'25! bAA'&!10&'O!FZ!N!F'3#6'&&25'25!Z0:'&!10&'O!PCQE!N!P0&6,!C6.256#@!Q''A!E26'&)!C?!8,0:8! 6,'!A&'8'56!329!0@'25#@!8'6B%A!253!&'A&'8'568!6,08'!6#7'8!#5!6,'!A286!:#6,!#56'&$.2@#2.!@.#726#@! @053#6#058)! M?! C! 8@,'726#@! &'A&'8'5626#05! 0/! 2! A088#=.'! 0@'25#@! 8'6B%A! 3%$! 6#7'8! 0/! $.2@#26#05)!Q%$!8%@,!@.#726#@!@053#6#058a!6,'!FGE!:0%.3!,2U'!=''5!3'58'&!253!6,%8!,23!2! 3''A'&! 8'66.#5$! 3'A6,)! +,'! %AA'&! @,255'.! 8,0:8! .#66.'! FGE! 2@6#U#69! 3%$! 6,'! .286! $.2@#2.! 72>#7%7!!

8.+,%+.! 1+F%1(1>! \'$/2! .3=/2! &.34/! ,32/&! $+L/! &+0)! <3)%/&! <(2%/)! !"NNIG!M38/2&30!/'!+.>!"NN_A>!#$/&/! 3<&/2L+'%30&!%14.*!'$+'!42/6W3.3,/0/7!'$/!Y\a!+55/,'/)!'$/!&/+!! ^>@"!`G!^>@I!`A>!#$/!c9Y!&+=!&/+6./L/.&!5+..!(4!'3!+4423F%1+'/.*!!@"N!1!CR%8>!^>@"!`A!+0)!'$/! =+'/2!1+&&/&!+2/!/F4/,'/)!'3!13L/!=%'$!'$%&!5.(,'(+'%30>!W3=/L/27!%0,2/+&%08!2+'/&!35!)//4! =+'/2!8/0/2+'%30!35!%0,2/+&/)!)/0&%'*!%0!'$/!Y/)%'/22+0/+0!./)!'3!+!)//4/2!&/''.%08!)/4'$!35! '$/!Y\a!!#$/!43&%'%30!35!'$/!Y\a!30! '$/!&.34/7!,30'23../)!<*!'$/!)/0&%'*!82+)%/0'!

@IO! ! ! 5(2'$/2! ,314.%,+'/)! <*! '$/! 42/&/0,/! 35! '$/! '=3! <3''31! =+'/2! ,32/&7! '$/! YH! +0)! Yc>! #$/! .3,+'%30! 35! '$/&/! ,32/&! +44/+2&! '3! ! ^>@IA>! #$%&! %&! %0! +82//1/0'! =%'$! 3,/+0382+4$%,! 42/)%,'%30&! <*! 0(1/23(&!+('$32&!=32-%08!/.&/=$/2/!%0!'$/!9(.5!35!:+)%;!=$3!42/)%,'!+!)//4/27!132/!L%8323(&! Y\a!)(2%08!8.+,%+.!,30)%'%30&!%"'6&;'c"#1%'HVVVn'j1*o&(%7;'6&;'p6*&'XTTTn'\)>%"4)&' /'!+.>!"NN_G!W/20X0)/;6Y3.%0+!/'!+.>!"NN^G!U3/.-/2!/'!+.>!"NN^G!#3(,+00/!/'!+.>!"NNVA>!!

W%8$!,*,.,%'*!3<&/2L/)!%0!'$/!,32/&!%&!+''2%<('/)!'3!'$/!&/0&%'%L%'*!35!'$/!Y\a!'3!8.3<+.!,.%1+'%,! 5.(,'(+'%30&>! [0! '$/! <23+)/&'! &/0&/7! '$/2/! %&! /L%)/0,/! 35! &$+..3=! 53,(&/)! Y\a! )(2%08! '$/! W3.3,/0/7!+0)!+!Y\a!'$+'!+55/,'&!+!)//4/2!432'%30!35!'$/!1+28%0!)(2%08!8.+,%+.&>![142%0'/)!30! '$%&!'2/0)!%&!/L%)/0,/!532!$%8$!&/0&%'%L%'*!'3!2+4%)!,.%1+'/!5.(,'(+'%30&!&(,$!+&!W/%02%,$!/L/0'&! +0)!]+0&8++2)6\/&,$/2!,*,./&!=$%,$!13)%5*!'$/!43&%'%30!35!'$/!Y\a!,32/&!30!'$/!&.34/!+0)! =%..!+.'/2!'$/!2+'/!35!<3''31!=+'/2!%05.(F!%0'3!'$/!9(.5!35!:+)%;!C&//!0/F'!&/,'%30A>!M38/2&30!/'! +.>! C"NN_A! +&&3,%+'/! &+0)%/2! 5+,%/&! 30! '$/! .3=/2! &.34/&! =%'$! %0,2/+&/)! 8.+,%+.! +,'%L%'*! +0)! ,+.,(.+'/!2+4%)!&$3+.%08!35!'$/!Y\a!)(2%08!'%1/&!532!)/8.+,%+'%30!32!W/%02%,$!PL/0'&>!W/%02%,$! PL/0'&! $+L/! ! ^>VA>! Q..! '$%&! /L%)/0,/! 43%0'&! '3=+2)&!+!)//4/2!Y\a!)(2%08!'%1/&!35!8.+,%+.!,.%1+'%,!,30)%'%30&!C.3=&'+0)&A!+0)!+!&$+..3=/2! Y\a!)(2%08!%0'/28.+,%+.&!C$%8$&'+0)&A>!

X"7"!"#"! $E^+.%4'*)5;+'.%0+5)/%+ #$/!L/.3,%'*!35!'$/!Y\a!+0)!$3=!%'!,$+08/&!%&!)%55%,(.'!'3!)%&&3,%+'/!5231!'$/!13L/1/0'!35! '$/!=+'/2!1+&&!+0)!'$/!YH!l!Yc!,32/&>!Q&!+!2/&(.'7!1+0*!+('$32&!$+L/!.%0-/)!+!=/+-/0%08!32! &'2/08'$/0%08!35!'$/!Y\a!'3!,.%1+'%,!,$+08/&!=$%,$!%0!2/+.%'*!+2/!+!2/42/&/0'+'%30!35!Y\a! 13L/1/0'!+=+*!5231!'$/%2!&'()*!+2/+>!

Z/L/2'$/./&&7! '$/! 526%&'! CL/.3,%'*7! '(2<(./0,/7! ,32/! &%;/A! 35! '$/! Y\a! %&! /F4/,'/)! '3! $+L/! ,$+08/)!)(/!'3!,.%1+'%,!3&,%..+'%30&>!#$/2/!+2/!0(1/23(&!5+,'32&!'$+'!,30'23.!+!<3''31!,(22/0'! ,32/!L/.3,%'*!+0)!&%;/>!g/*!,30'23.&!%)/0'%5%/)!+2/?!@A!#$/!2+'/!35!)//4!=+'/2!423)(,'%30!%0!'$/! Y/)%'/22+0/+0G! +0)! "A! #$/! ,23&&! &/,'%30+.!+2/+! 35! '$/! 9%<2+.'+2! 9+'/=+*!CY+.)30+)3! /'! +.>! @TTTG! #3(,+00/! /'! +.>! "NNVA>! Q))%'%30+.! ,30'23.&! =%'$%0! '$/! 9(.5! 35! :+)%;! =%..! !!

['! %&! =%)/.*! +,,/4'/)! '$+'! '$/2/! =+&! &%80%5%,+0'.*! /0$+0,/)! <3''31! =+'/2! 8/0/2+'%30! %0! '$/! Y/)%'/22+0/+0! )(2%08! ,3.)! 8.+,%+.! 4/2%3)&! 30! +,,3(0'! 35! )2*! ,30)%'%30&! +0)! 2/.+'%L/.*! ,33.! &(25+,/! =+'/2! '/14/2+'(2/&! C:+,$3! /'! +.>! "NNNG! U3/.-/2! /'! +.>! "NN^A>! #$%&! /0$+0,/)! 3L/2'(20%08!=3(.)!$+L/!423L%)/)!)/0&/2!Y/)%'/22+0/+0!)//4!=+'/2&!)(2%08!8.+,%+.!'%1/&>!#$/! +&&3,%+'/)!2/)(,'%30!%0!&/+!./L/.!)(2%08!8.+,%+.!4/2%3)&!=%..!+55/,'!'$/!,23&&6&/,'%30+.!+2/+!35! @IT! ! ! '$/!9%<2+.'+2!9+'/=+*>!a%'$!&%80%5%,+0'!&/+!./L/.!5+..!+0)!%0,2/+&/)!Y/)%'/22+0/+0!)//4!=+'/2! )/0&%'*7!'$/!Y\a!=3(.)!! "N@"A>! P23&%30+.! &(25+,/&! $+L/! !"NN^G!"NNV+A>!#$/&/!$+L/!!C"N@"A!32! 4/2%3)&!35!2+4%)!Q'.+0'%,!R2/&$/0%08>!B%/223!/'!+.>!C@TTTA!$+L/!+.&3!.%0-/)!)%&,2/'/!&+0)!(0%'&!%0! '$/!(44/2!&.34/!=%'$!4/2%3)&!35!2+4%)!)/8.+,%+'%30>!['!%&!'$3(8$'!'$+'!&())/0!52/&$/0%08!35!'$/! Q'.+0'%,! \,/+0! <*! %,/! 1/.'! %0,2/+&/&! '$/! )/0&%'*! 82+)%/0'! !"NN_A>!!

#$/! %0'/2+,'%30! 35! =+'/2! 1+&&/&! 30! '$/! &/+! ! #$/! Y\a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c!@"!`A>![0,%)/0'+..*7!%'!%&!=32'$!03'%08!'$+'!'$/!/&'%1+'/)!13)/20!)+*!.%1%'!35!'$/!Y\a! ,+&,+)/!C@NN!-1!+4423F%1+'/.*!+,,32)%08!'3!c/88!/'!+.>!C"NNTAA!%&!23(8$.*!=$/2/!'$/!13(0)/)!

@KN! ! ! )2%5'&!53217!<3'$!'$/!(44/2!1%032!13(0)/)!)2%5'!30!'$/!(44/2!'/22+,/7!+0)!'$/!.+28/!1%)&.34/! 13(0)/)!)2%5'!5231!=$%,$!E:NK!+0)!E:NO!=/2/!,3../,'/)!CR%8!^>@"!QA>!#$%&!,+&,+)/!)//4/0%08! 1+*!/F4.+%0!&31/!35!'$/!(0(&(+.!1324$3.38%,+.!5/+'(2/&!3<&/2L/)!+,23&&!'$/!/+&'/20!9(.5!35! :+)%;>! #$/! &3('$/20! ,$+00/.! +0)! 9%.! P+0/&! 13(0)/)! )2%5'! +2/! 1(,$! .+28/2! '$+0! '$/! (44/2! ,$+00/.!+0)!)2%5'>!#$%&!1+*!!!

R%0+..*7!'$/!1324$3.38*!35!'$/!9(.5!35!:+)%;!=%..!$+L/!+!,./+2!23./!%0!.3,+..*!/0$+0,%08!'$/!Y\a! )(/! '3! 1324$3.38%,+.! 532,%08>! #3)+*7! '$/! YH! +0)! Yc! +2/! .+28/.*! ,30'+%0/)! =%'$%0! '=3! +.308&.34/! 32%/0'+'/)! ,$+00/.&! '$+'! ,30,/0'2+'/! +0)! 5(2'$/2! +,,/./2+'/! '$/! <3''31! ,(22/0'! ,32/&>!#$%&!./+)&!'3!%0'/0&/!/23&%30!+.308!'$/!,$+00/.&!+0)!+,23&&!'$/!,30'3(2%'/!'/22+,/>!#$%&! %&! L/2*! )%55/2/0'! '3! '$/! 1324$3.38*! 30! '$/! .3=/2&.34/! =$/2/! &+0)! =+L/&! +0)! )3=0&.34/! )"#%&$6$%;'+@7#&;'1*6&&%749'5"%;):#&6$%B'C*#4'#4'#&;#16$#?%')('6'@")6;%"'[Pl'$*6$':24$'*6?%' 5.3=/)!+,23&&!.+28/!&=+'$&!35!'$/!.3=/2!&.34/7!+0)!=+&!.3,+..*!/0$+0,/)!%0!0+223=!,$+00/.&>! #$/!.+28/&'!5/+'(2/!%&!'$/!&3('$/20!,$+00/.!+0)!+&&3,%+'/)!13(0)/)!)2%5'>!#$%&!%&!%0'/242/'/)! '3!!^>@"G!^>@IA>!!

!

"#$%&'!^)([*!107A#.26#05!0/!703'&5!@%&&'56!:26'&!U'.0@#69!3262!62;'5!/&07!H'&5I53'4BF0.#52! '6!2.)!

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c.+L/! /'! +.>! "N@@G! M3J(/! /'! +.>! "N@"A! <('! +.&3! %)/0'%5%/&!+!42/L%3(&.*!3L/2.33-/)7!$%8$.*!/23)/)!(0%'7!0+1/)!$/2/!ED>!PL%)/0,/!8+'$/2/)!5231! '$/!/+&'/20!9(.5!35!:+)%;!&$3=&!'$+'!'$/2/!%&!+!<+&%0=+2)&!&$%5'!35!'$/!)31%0+0'!Y\a!,32/! )(2%08!'%1/&!35!.3=&'+0)!C&//!B/,'%30!O>@A>!#$%&!%&!%0!+82//1/0'!=%'$!+))%'%30+.!&'()%/&!+,23&&! '$/!=%)/2!9(.5!35!:+)%;!1+28%0!CZ/.&30!/'!+.>!@TTIG!B'3=!/'!+.>!"NN"!"NN^A!+0)! '$/!=32-!42/&/0'/)!30!'$/!/+&'/20!9(.5!35!:+)%;!$/2/>!#$/2/532/7!&%0,/!'$/!Q.8+2L/!1+28%0!%&! %05.(/0,/)! <*! '$/! (44/2! ,32/! 35! '$/! Y\a7! %'! =3(.)! ! W3=/L/27! 423<./1&! +2%&/!=%'$!'*%08!.+28/6&,+./!&/%&1%,!(0%'&!'3!8.3<+.!/(&'+'%,!&/+6./L/.!,(2L/!CY%../2!/'!+.>!"NN_A! CR%8>!^>@_A>!Z/3'/,'30%,&7!.3,+.!2/.+'%L/!&/+6./L/.!,$+08/&7!<3''31!,(22/0'!423)(,'%30!2+'/&!+0)! '$/!/F,$+08/!35!=+'/2!1+&&/&!+'!'$/!9%<2+.'+2!9+'/=+*!=%..!5(2'$/2!,314.%,+'/!'$/!,30'23.!35! /(&'+,*! 30! '$/! &*&'/1>! R%8(2/! ^>@_! &(11+2%&/&! '$/! 2/.+'%30&$%4! !!

Q.308!'$/!Q.8+2L/!Y+28%0!,30'3(2%'/!&(,,/&&%307!$%8$!,*,.%,%'*!%&!3<&/2L/)!%0!'$/!+,3(&'%,!)+'+7! %0)%,+'%08! '$+'! '$/2/! $+L/! !B/+!./L/.!5.(,'(+'%30&!)(2%08!'$/!E.%3,/0/!+0)!D(+'/20+2*!+2/!L+2%/)>!`23+)!'2/0)&! &//0!%0,.()/!+!2/)(,'%30!%0!&/+!./L/.!)(2%08!'$/!D(+'/20+2*!+0)!+!13L/!'3!132/!/F'2/1/!&/+! ./L/.!5.(,'(+'%30&!+&!+!2/&(.'!35!'$/!,$+08/!'3!)31%0+0,/!35!'$/!@NN!-+!Y%.+0-3L%',$!,*,./&>! W/2/!=/!/F+1%0/!'$/!4+./+3,/+0382+4$%,!%14.%,+'%30&!35!'$/!E.%3,/0/!&/J(/0,/>!!

]%&,30'%0(%'*!Y!&/4+2+'/&!'$/!Y%3,/0/!5231!'$/!.3=/2!E.%3,/0/!+0)!&%80%5%/&!'$/!34/0%08!35! '$/!9%<2+.'+2!9+'/=+*!+5'/2!'$/!Y/&&%0%+0!B+.%0%'*!:2%&%&!+'!+4423F%1+'/.*!_>I!Y+!CM3L/2%!/'!+.>! "N@KA>! B(<&/J(/0'! )%&,30'%0(%'%/&! 2/42/&/0'! '%1/&! =$/0! <3''31! ,(22/0'! L/.3,%'%/&! =/2/! /0$+0,/)! &(55%,%/0'.*!'3! ,+(&/! =%)/&42/+)!32! .3,+.%&/)! /23&%30! 35! '$/! &/+! 5.332>!W3=/L/27!%'! '33-! &31/! '%1/! 532! '$/! Y\a! '3! ! ^>"G! ^>@^A>! B/%&1%,! (0%'! E"! 2/42/&/0'&! '$/! 5(..! 30&/'! 35! '$/! Y\a! +0)! '$/! 2/&(.'%08! )%&,30'%0(%'*7! '$/!cEM7! $+&! N6K>"!Y+! Cc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a!=+&!&%80%5%,+0'.*!%0,2/+&/)!Cg$/.%5%!/'!+.>!"NNTA!+0)!%'!%&!.%-/.*!'$+'! '$/!!&/1%6'2+0&4+2/0'!&/%&1%,!(0%'!EI!%&!2/42/&/0'%08!+!=/+-/2!H44/2!:32/!!35!!'$/!Y\a7!=$%./!

!

"#$%&'!^)(_4!+,'!A2.2'0@'250$&2A,#@!#7A.#@26#058!0/!'2@,!3'A08#6#052.!8'\%'5@')!-&'9!8,23'3! 2&'28!#53#@26'!72i0&!'&08#U'!'U'568)!C.6,0%$,!807'!A06'56#2.!6#'8!2&'!8''5!='6:''5!6#7'8!0/! '5,25@'8!=06607!:26'&!@%&&'568!253!'%8626#@!8'2B.'U'.!.0:86253a!6,'&'!7%86!233#6#05!2..0$'5#@! @056&0.8!05!6,'!8986'7)!+,'8'!2&'!6#'8!60!2.6'&526#U'!/0&@#5$!8%@,!28!6'@605#@8!253!,2.0;#5'8#8)! Y%86289!@%&U'!/&07!F#..'&!'6!2.)!

"#$%&'!^)(^*!]@,'726#@!&'A&'8'5626#05!0/!6,'!.05$B6'&7!'U0.%6#05!0/!6,'!-%./!0/!123#4)!10286.#5'! /&07!-2&@#2!F0i05'&0!'6!2.)!

'$/!c3=/2!:32/!=+&!%0'/0&%5%/)!/.&/=$/2/!+.308!'$/!1+28%0!+'!82/+'/2!)/4'$&!C3('!35!'$/!&'()*! +2/+A>! B/%&1%,! (0%'! <*! +! 2/.+'%L/! $%8$&'+0)! CR%8>! ^>@KA7! +.'$3(8$! 5.(,'(+'%30&! %0! /(&'+&*! ,30'%0(/)!'$23(8$3('!'$/!.+'/&'!E.%3,/0/>!E23F*!)+'+!&$3=&!'$+'!%0!'$/!c+'/!E.%3,/0/!CI>_6I>I! Y+A! '$/! )/0&%'*! 35! '$/! ED! 2/'(20&! '3! $%8$! +14.%'()/! 2/5./,'%30&! =%'$! 1(.'%4./! /23&%30+.! )%&,30'%0(%'%/&>! #$/! &/,'%30! %&! ,314./'/.*! +<&/0'! +.308! 1(,$! 35! '$/! (44/2! &.34/! )(/! '3! /23&%30>!#$%&!%0)%,+'/&!+!'%1/!35!/0$+0,/)!Y\a!,%2,(.+'%30!%0!'$/!(44/2!,32/>!#$/!8.3<+.!&/+6 ./L/.!,(2L/!&$3=&!2/4/+'/)!$%8$!+14.%'()/!5.(,'(+'%30&!+'!'$%&!'%1/>![0!+))%'%307!'$/!&/%&1%,! %0)%,+'/&!'$+'!'$%&!=+&!+!'%1/!35!+,,/./2+'/)!)%+4%2!823='$!'3!'$/!/+&'!35!'$/!&'()*!+2/+7!+0)! '$/!+&&3,%+'/)!13L/!5231!'+<(.+2!=+'/2!1+&&/&!C.%-/.*!'3!5321!&$//'/)!)2%5'&A!'3!'$/!)%&'%0,'! <3''31! =+'/2! ,32/&! 35! '$/! YH! +0)! Yc! C132/! .%-/.*! '3! /23)/! ,$+00/.&! +0)! 5321! 13(0)/)! )2%5'&A>! #$/2/532/! '$/! /F,/4'%30+..*! L%8323(&! <3''31! ,(22/0'&! ,+0! !^>@_A>!

#$2//!%1432'+0'!,30,.(&%30&!5231!)/'+%./)!4+.+/3,/+0382+4$%,!&'()%/&!,+0!!W3=/L/27!,+('%30!1(&'!

@KK! ! ! %05.(/0,/!30!'$/!'*4/!35!&*&'/1!'$+'!=%..!)/L/.34>!E23,/&&/&!'$+'!'2%88/2!'(2<(./0,/!32!,32/! 5321+'%30! %0! +! '+<(.+2! <3''31! ,(22/0'! 1+&&! ,+0! &%80%5%,+0'.*! +.'/2! '$/! )/L/.341/0'! 35! +! ,30'3(2%'/! )/43&%'%30+.!&*&'/17! &(,$! +&! '$/!13L/! 5231! &$//'/)! '3!13(0)/)!)2%5'! 3<&/2L/)! $/2/>! #$/! +<3L/! 3<&/2L+'%30&! &$3=! '$+'! &/%&1%,! 5+,%/&7! +,3(&'%,! +14.%'()/&! +0)! &/%&1%,! &'2+'%82+4$%,! '/,$0%J(/&! ,+0! !!

#$/! =32-! ,+22%/)! 3('! $/2/! =%..! +.&3! !

D"4"4 -%<):%/.,M1&N%/+/*%,

X"7"7"# L-&5%02+O?49+'9+6-3)(+ #$/2/! %&! ,3143&%'%30+.! /L%)/0,/! 532! ,$+08%08! 423L/0+0,/! 3L/2! '%1/! +,23&&! '$/! D(+'/20+2*! /+&'/20!9(.5!35!:+)%;!&/,'%30>!R%8(2/!_>@I!&$3=&!'$/!,.(&'/2%08!35!,3143&%'%30+.!)+'+!+,23&&! '=3!1+%0!'2/0)&>!Q!)/'+%./)!&'()*!35!423L/0+0,/!$+&!03'!! #$/&/! +2/! +''2%<('/)! '3! +.308&.34/! '2+0&432'! L&>! )3=0&.34/!&/)%1/0'!%05.(F>!!

\0/!35!'$/!42%0,%4+.!&/)%1/0'!&3(2,/&!532!'$/!9(.5!35!:+)%;!,30'3(2%'/!)/43&%'%30+.!&*&'/1!%&! '$3(8$'!'3!!Z/.&30!/'!+.>!C@TTTA!03'/!'$+'!'$/!Q[7! =$%,$! 5.3=&! &3('$/+&'=+2)&! 3L/2! '$/! ,30'%0/0'+.! &$/.57! +,,/./2+'/&! +&! %'! +4423+,$/&! '$/! 9%<2+.'+2! 9+'/=+*7! +&! /L%)/0,/)! %0! '$/! 5321+'%30! 35! +! .+28/! &+0)! )(0/! 5%/.)! +'! '$/! &3('$! /+&'/20!/0)!35!'$/!&$/.5!Cc3<3!/'!+.>!"NNNA>!#$/&/!+,,/./2+'/)!=+'/2&!=%..!,+(&/!'$/!&(&4/0&%30! +0)! '2+0&432'+'%30! 35! &/)%1/0'! '$+'! 1+*! &(<&/J(/0'.*! !"N@NA>!!

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

:30'2+2*! '3! '$/! /F4/,'/)! &/J(/0,/! &'2+'%82+4$%,! 2/&430&/! 35! $%8$! )3=0&.34/! %05.(F! )(2%08! .3=&'+0)!C8.+,%+.!,30)%'%30&A!C:+'(0/+0(!"NN^A7!'$/2/!+2/!&(88/&'%30&!%0!'$/!.%'/2+'(2/!'$+'!'$/! 3443&%'/!1+*!!#3(,+00/!/'!+.>!C"NNVA!&(88/&'!'$+'!+!=+217!=/'! ,.%1+'/! 30! '$/! [!#$%&! ,3(.)!!^>^!:A>!!

:3143&%'%30+.!)+'+!5231!1%)&.34/!4%&'30!,32/&!E:NK!+0)!E:NO!&$3=&!<3'$!'$/&/!,32/!&%'/&! ,30&%&'!35!&/)%1/0'&!35!'$/!&+1/!423L/0+0,/>!['!%&!.%-/.*!1+)/!(4!35!+!1%F!35!&/)%1/0'!)/2%L/)! 5231! '$/! 9%<2+.'+2! 9+'/=+*! C<*! /23&%L/! 423,/&&/&A7! <%38/0%,! 1+'/2%+.! &/''.%08! '$23(8$! '$/! =+'/2!,3.(107!+0)!&/)%1/0'!/0'2+%0/)!5231!'$/!B4+0%&$!+0)!Y323,,+0!,30'%0/0'+.!1+28%0&>! R/6&'+%0/)!D(+2';!%0!&31/!!!#$%&! %&!+0!+2/+!532!5(2'$/2!=32->!

X"7"7"! M41-0.%+$-01)2+ #$/!&'()*!35!'$/!Q.8+2L/!Y+28%07!<+&/)!&3./.*!30!"]!&/%&1%,!)+'+7!%&!35!+!1(,$!.+28/2!&,+./7!+0)! .%''./! ,+0! ,30,.(&%L/.*! ! W3=/L/27! /L/0! 30! '$%&! .+28/! &,+./7! &31/! %1432'+0'! 43%0'&! ,+0! !!

#$/2/!%&!,./+2!/L%)/0,/!532!)3=0&.34/!&/)%1/0'!%05.(F!'3!'$/!<+&%0!'$23(8$3('!'$/!E.%3,/0/>! B/%&1%,! H0%'! E@! $+&! ! ^>"! E@A>! #$/! %0%'%+'%30!35!'$/!Y\a!%&!4332.*!,30&'2+%0/)7!+0)!%'!%&!'$3(8$'!'$+'!%'!$+)!.%''./!%05.(/0,/!3L/2! '$/!2/8%30!%0!'$/!/+2.%/&'!E.%3,/0/!=$/0!%'!5321/)!+!L/2*!&.(88%&$!5.3=>![5!'$/!Y\a!L/.3,%'*! $+)!! #$%&!%&!'$/!,+&/!%0!B/%&1%,!H0%'!E"7!=$/2/!132/!L%8323(&!Y\a!=+'/2&!+44/+2!'3!%0'/2+,'!=%'$! 1+&&!=+&'%08!)/43&%'&!%0!'$/!032'$/+&'!35!'$/!&'()*!+2/+!CR%8>!^>"!E"A>!#$%&!)3=0&.34/!&*&'/1! =3(.)!$+L/!4.+*/)!+!-/*!23./!%0!423L%)%08!&/)%1/0'!'3!'$/!+)b+,/0'!,30'3(2%'/!&$//'/)!)2%5'! @K^! ! ! '$23(8$!4%2+'%08!+0)!=%003=%08!423,/&&/&>!B(,$!)/43&%'&!$3.)!%1432'+0'!/,3031%,!43'/0'%+.! 30! +,,3(0'! 35! '$/%2! 43&&%<./! &+0)*! 0+'(2/7! +0)! .%-/.*! 423L%)/&! '$/! 13&'! &+0)62%,$! )/43&%'&! +,23&&!'$%&!032'$/20!1+28%0>!

N"> $%&A4(,*%&,-

#=3!&+0)*!,30'3(2%'/!&*&'/1&!35!)%55/2/0'!+8/&!$+L/!!#$/!c+'/6E./%&'3,/0/!+0)!W3.3,/0/!35!'$/!/+&'/20! 9(.5!35!:+)%;!&+0)*!,30'3(2%'/!)/43&%'%30+.!&*&'/1!$+&!! #$%&! %&! %0! ,30'2+&'! '3! +! <(2%/)! E.%3,/0/! &$//'/)! )2%5'! +0)! 1%F/)! &*&'/1!532!=$%,$!&/%&1%,!)+'+!=+&!(&/)!'3!%)/0'%5*!,$+08%08!)/43&%'%30+.!423,/&&/&!3L/2!'$/! .+&'!@2)!_!Y+>!!

Q.'$3(8$! '$/! '=3! &*&'/1&! /F+1%0/)! $/2/! $+L/! !#$/!2/,/0'!/+&'/20!9(.5!35!:+)%;!,+0! !#$/!Q.8+2L/!E.%3,/0/!&/,'%30!%&!'$3(8$'!'3!+.&3! &$3=!&+0)62%,$!,30'3(2%'/!)/43&%'&7!4+2'%,(.+2.*!%0!&/%&1%,!(0%'!E"7!<('!'$/!&'2308!,30'23.!+0)! %0'/2+,'%30!35!)3=0&.34/!&/)%1/0'&!1/+0!'$+'!'$%&!&*&'/1!%&!,.+&&/)!+&!+!1%F/)!&*&'/1!=%'$! +0!+&&3,%+'/)!&$//'/)!)2%5'>!!

#$/!3<&/2L+'%30&!%0!'$/!Y286'&5!-%./!0/!123#4!+..3=!(&!'3!,30&'2(,'!'=3!2/8%30+.!1+4&!35!Y\a! 5.3=G! 30/! 532! %0'/28.+,%+.! C42/&/0'! )+*A! ,30)%'%30&! CR%8>! ^>@"! QA! +0)! 30/! 532! '%1/&! 35! 8.+,%+.! 1+F%1+!CR%8!^>@"!`>!['!&$3(.)!!B/%&1%,!/L%)/0,/!5231!'$/!/+&'/20! +0)! 032'$/20! 9(.5! 35! :+)%;! &$3=&! '$+'! $%8$! ,*,.%,%'*! $+&! !E2/L%3(&!&'()%/&!$+L/!%)/0'%5%/)!'$/!=/+-!%0%'%+'%30!35!'$/!Y\a!&31/'%1/!%0!'$/! /+2.*!E.%3,/0/>!Q!&%80%5%,+0'!%0,2/+&/!%0!,3+2&/2!C&+0)6&%;/)A!&/)%1/0'!03'/)!%0!'$/!/+&'/20!9(.5! 35! :+)%;! ! "N@KA! 2/42/&/0'&! +! &())/0! /0$+0,/1/0'! 35! Y\a! 5.3=! =$%,$! =+&! &(&'+%0/)! '$23(8$3('! '$/! D(+'/20+2*>! #$/! Y%)! E./%&'3,/0/! #2+0&%'%30! 1+2-&! '$/! 13L/! 5231! KN! -+! ,.%1+'%,! ,*,./&! '3! $%8$/2!+14.%'()/!@NN!-+!,*,./&7!+0)!'$%&!%&!'$3(8$'!'3!$+L/!5(2'$/2!%0'/0&%5%/)!'$/!,30'3(2%'/! )/43&%'%30!+0)!,*,.%,%'*!35!'$/!9(.5!35!:+)%;!&/)%1/0'&>!['!%&!'$/2/532/!.%-/.*!'$+'!'$/!1+80%'()/! 35! Y\a! &/''.%08! )/4'$! )%55/2/0,/&! !!

B'()%/&!%0!'$/!=/&'/20!+0)!,/0'2+.!9(.5!35!:+)%;!&$3=!'$+'!,*,.%,%'*!%0!'$/!D(+'/20+2*!,+0!!"NN^G!"NNV,A7!+&!%&!&//0!%0!'$/!/+&'/20!9(.5!35!:+)%;>!#$%&!

@KV! ! ! &'()*! %&! '$/! 5%2&'! %0! '$/! /+&'/20! 8(.5! 35! :+)%;! '3! (&/! /L%)/0,/! 8+'$/2/)! 5231! '$/! /0'%2/! ,30'%0/0'+.!&.34/!C(44/2!+0)!.3=/2A!'3!1+-/!,30,.(&%30&!35!'$/!/L3.('%30!35!'$/!Y\a!3L/2! '%1/!(&%08!&/)%1/0'3.38%,+.!+0)!2/13'/!&/0&%08!'/,$0%J(/&>!Q..!'$%&!/L%)/0,/!5231!'$/!&'()*! )+'+!+0)!.%'/2+'(2/!+..3=!532!'$/!53..3=%08!%0'/242/'+'%30&!'3!

@A #$/!Y\a!%05.(/0,/&!'$/!1%)6!+0)!.3=/26&.34/!)(2%08!8.+,%+.!,30)%'%30&!+0)!'$/!(44/26! +0)!1%)&.34/!)(2%08!%0'/28.+,%+.&!C+&!%&!&//0!'3)+*A!CR%8>!^>@"G!^>@IA>! "A M+4%)!,.%1+'/!,$+08/&!C)/8.+,%+'%30&!./+)%08!'3!Q'.+0'%,!52/&$/0%08A!+44/+2!'3!!"NN_A>! IA #$/!Y\a!%&!1(,$!132/!13<%./!+0)!L+2%+<./!'$+0!42/L%3(&.*!'$3(8$'!+&!+!2/&(.'!35!%'&! &/0&%'%L%'*!'3!,.%1+'%,!5.(,'(+'%30&!+0)!/(&'+'%,!5.(,'(+'%30&>!!

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a! %0! &/J(/0,/! E"! %&! &//0! <+&%0=+2)&! %0! '$/! 5321! 35! /F'2/1/.*!$%8$!+14.%'()/!2/5./,'%30&>!W3=/L/27!'$/!<3''31!,(22/0'&!=/2/!(0+<./!'3!)31%0+'/! 3L/2!'$/!/0'%2/!1+28%0!)(/!'3!$%8$!)3=06&.34/!,.+&'%,!%05.(F>!B/1%6'2+0&4+2/0'!&/%&1%,!(0%'!EI! %0)%,+'/&!'$+'!'$/!(44/2!E.%3,/0/!%0%'%+..*!/F4/2%/0,/)!+!2/)(,'%30!%0!<3''31!,(22/0'!%0'/0&%'*7! $3=/L/2!(4&.34/!42382+)+'%30!&$3=&!'$+'!+!1%F/)!&*&'/1!=+&!1+%0'+%0/)>!Q<3L/!'$/!`+&/! D(+'/20+2*!]%&,30'%0(%'*7!$%8$.*! /23&%L/! &(25+,/&! +0)! $%8$! +14.%'()/! &/%&1%,! 2/5./,'%30&! +2/! /L%)/0,/! 35! 42303(0,/)! %0'/0&%5%,+'%30! 35! '$/! Y\a! +0)! +! 13L/! '3! +! 5(..*! ,30'3(2%'/6 )31%0+'/)!&.34/>!

`3'$!'$/!&'()%/&!$+L/!!\0!+!&/%&1%,!&,+./7!'$/!/L3.('%30!35!'$/!,30'3(2%'/!&*&'/1&!%&! ,30'23../)! <*! %1432'+0'! 3,/+0%,! /L/0'&7! '/,'30%,&! +0)! )3=0&.34/! &/)%1/0'! %05.(F>! \0! +! &/)%1/0'!&,+./7!,.%1+'%,!5.(,'(+'%30&!+0)!&/+6./L/.!,$+08/&!+2/!'$/!-/*!,30'23.>!!

! ! @KO! ! ! !

! ! ! ! ! !"#-$@$-#0#)%"*2*8)/('//)%"* ! !

$2.='+)-N?-D4-*E':F*%F*,0&)G*/0"&;*(%"#%'$)#-*&-@%/)#)%"0:*/;/#-6*

$2.='+)-O?-$2.).A'+)*,*&;-A%&'%()*'+-,.&/,-

$2.='+)-P?-,%"#%'$)#-*(%"#$%:/*0"&*/-A'-"(-*/#$0#)1$0@4;-

$2.='+)-Q?-,%"#%'$)#-*$-/-$B%)$*@%#-"#)0:*0"&*-(%"%6)(*)6@%$#0"(-!!

*

*

*

- -

@KT! ! ! H *3/$/(#+$).)"0,*%"#%'$)#+,:/"&.* !

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c3L/..!+0)!B'3=!@TO@G!U%+0+!/'!+.>!@TTOG!U%+0+!+0)!M/!B31/!)//4!=+'/2! &+0)&! %0'/242/'/)! /.&/=$/2/! +&! ,30'3(2%'%,! &$3=! )%55/2/0'! 5/+'(2/&! '3! '$3&/! 3<&/2L/)! $/2/! CB$+01(8+1!/'!+.>!@TT_G!B$+01(8+1!"NNIG!Y+2'z06:$%L/./'!/'!+.>!"NNOG!Y(''%!+0)!:+21%0+''%! "N@"A>!#$/&/!)%&,2/4+0,%/&!=%'$%0!'$/!.%'/2+'(2/!30!'$/!)%+803&'%,!5/+'(2/&!35!,30'3(2%'/!&+0)&! =%..!!!

O"# R+<-L+.'()+,-.'-0+*,@*A-0A.4+-

#$/! &/%&1%,! ,$+2+,'/2%&'%,&! 35! '$/! &+0)*! ,30'3(2%'/! )/43&%'%30+.! &*&'/1! %0! '$/! /+&'! +0)! '$/! <(2%/)!&$//'/)!)2%5'!53(0)!%0!'$/!c3=/2!E.%3,/0/!&(,,/&&%30!%0!'$/!032'$!35!'$/!9(.5!35!:+)%;! +2/!/F+1%0/)!%0!)/'+%.!=%'$!+!4+2'%,(.+2!53,(&!30!&+0)*!&$//'/)!)2%5'&>!#$/!,.3&/!2/.+'%30&$%4! !#$%&!=%..!!!

Q"#"# 71)G.K-*+'%,53+1+*.%1)8.)*8, B%0,/!,30'3(2%'/!)2%5'!'*4/&!+2/!0+1/)!30!+,,3(0'!35!'$/%2!/F'/20+.!1324$3.38*!CY,:+L/!+0)! #(,$3.-/!@TO^G!R+(8S2/&!/'!+.>!@TTTG!M/!"NN",G!R+(8S2/&!+0)! Y(.)/2!"N@@A7!'$/!)2%5'!%)/0'%5%/)!%0!'$/!E.%3,/0/!355&$32/!'$/!Q.8+2L/!1+28%0!,+0!!#$/!3L/2+..!1324$3.38*!%&!'$+'!35!,30&%&'/0'!'$%,-0/&&! +0)! %&! 1+44/)! /F'/0)%08! 3L/2! "NNN! -1">! #$%00%08! 3,,(2&! 30.*! ,.3&/! '3! '$/! <+&%0! 1+28%0&!

@_N! ! ! C+.308!'$/!(44/2!&.34/!+0)!9(+)+.J(%L%2!`+0-!+0)!+8+%0&'!&31/!C<('!03'!+..A!)%+4%2&!%0!'$/!/+&'! 35!'$/!&'()*!+2/+A>!B%0,/!%'&!)/43&%'%307!'$/!)2%5'!$+&!!

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a! +2/! +23(0)! '$/! '%1/! 35! '$/! c3=/2! E.%3,/0/! ]%&,30'%0(%'*! CcEMA>! #$%&! 423L%)/&! 833)! /L%)/0,/!532!3,/+0382+4$%,!,30)%'%30&!5+L3(2+<./!'3!)2%5'!5321+'%30>!P.308+'%30!35!+!&/)%1/0'! <3)*!+.308&.34/!,+07!=$/0!,31<%0/)!=%'$!-03=./)8/!35!'$/!4+.+/3,/+0382+4$%,!&/'6(47!+%)! '$/!2/,380%'%30!35!,30'3(2%'/!)2%5'&7!&4/,%5%,+..*!&+0)*!&$//'/)!)2%5'&7!%0!'$/!&(<&(25+,/>!

Q"#"! 7)8*&/.)/6).)%8,+/<,-%)8:)*,H/).,F<%/.)G)*+.)&/, M/8%30+..*! /F'/0&%L/! /23&%30+.! )%&,30'%0(%'%/&! +2/! 35'/0! %1432'+0'! ,2%'/2%+! 532! ,30'3(2%'/! %)/0'%5%,+'%30!+'!&/%&1%,!&,+./7!+0!/F+14./!35!=$%,$!%&!+,'%L/.*!5321%08!30!'$/!&/+!! E2/L%3(&! =32-! %0! '$/! 032'$/20! 9(.5! 35! :+)%;! Cc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l!)%+4%2&A!%0! 2/.+'%30!'3!,$+08%08!&/)%1/0'!+,,3113)+'%30!&4+,/>!!

Q"#"4 7%2&8).)&/+',H/).K-*+'%,53+1+*.%1)8.)*, !#*4%,+.!,$+2+,'/2%&'%,&!35!&$//'/)!)2%5'&!30!'$/!&/+!5.332!$+L/!! R+(8S2/&! /'! +.>! C@TTTA! 03'/! '$+'! &$//'/)! )2%5'&7! <3'$! +,,(1(.+'%08! 30! '$/! +<*&&+.! 4.+%0! +0)! 4.+&'/2/)!+.308!,30'%0/0'+.!&.34/&!C+&!%0!'$/!,+&/!35!'$/!/+&'/20!9(.5!35!:+)%;A!&$3=!.%''./!'3!03! 5")>"6;6$#)&')(' 4%#4:#1' 2&#$4B' C*%8' )@4%"?%' $*6$' a>%&$78' ;)!&7655#&>' "%(7%1$#)&4' 4*)!')&78' &.%8$'!)3=06,(22/0'!42382+)+'%30!=%'$!/%'$/2!+!<+&#&!6";')"'76&;!6";')@7#Z2%'1):5)&%&$b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

@_"! ! ! Q"#"E -%)8:&G+*)%8K-*+'%,53+1+*.%1)8.)*8, B/%&135+,%/&! +2/! /F'2/1/.*! L+2%+<./! %0! +0*! &/)%1/0'! <3)*! +0)! ,+003'! &3./.*! ![0!'$/!,+&/!35!'$/!H44/2!E.%3,/0/!)2%5'!35!'$/!Q.8+2L/! Y+28%0! $3=/L/27! &/%&135+,%/&! )3! 8%L/! +! &'2308! %0)%,+'%30! 35! '$/! 42/&/0,/! 35! +! ,30'3(2%'/! &$//'/)! )2%5'! +&! %'! ,+0! ,./+2.*! ! W%8$! +14.%'()/! +0)! .+'/2+..*! ,30'%0(3(&! 2/5./,'%30&! ,+0! ! ^>IA>! #$/&/! &/%&1%,! 5+,%/&! +2/! &//0! '3! ! c3,+..*7! =$/2/! '$/! '(2<%)%'/! .3!

[0!'$/!/+&'/20!9(.5!35!:+)%;7!=$/2/!'$/!&/%&1%,!2/&3.('%30!%&!82/+'/27!+!0(1@A! 2/42/&/0'%08! )/43&%'%30+.! L&>! /23&%30+.! 423,/&&/&>! B/)%1/0'! =+L/&! +2/!%1+8/)!<3'$!+,'%L/.*!5321%08!30!'$/!&/+!!#$/&/!,+0!!"NNVA>!#$/*!&$3=!8/0'./!42382+)%08!&/%&1%,! 2/5./,'%30&! +0)! 2/8(.+2! 1%032! /23&%30+.! &(25+,/&>! a+L/&! 1+*! ! Y3)/20!,$+00/.&!&$3=!+!,$+2+,'/2%&'%,!$*4/2<3.%,!2/&430&/!%0!4+2+&3(0)!)+'+!+0)!+!23(8$7! <2%8$'!&/+!!:$+00/.!5%..&!+2/!8/0/2+..*!,$+3'%,!+0)!.3=!+14.%'()/>!\'$/2! /23&%30+.!5/+'(2/!'3!03'/!%0!,30'3(2%'/!&*&'/1&!+2/!/23&%30+.!'/22+,/&!+0)!5(223=&>!R(223=&! 5321!&1+..!%0)/0'+'%30&!%0!&/%&1%,!2/5./,'%30&!+0)!=$/2/!'$/*!+2/!&//0!+'!1+44+<./!2/&3.('%30! =%..!'/0)!'3!!#$%&!%&!30!+,,3(0'!35!&/,30)+2*!CP.-1+0A!,%2,(.+'%30! +'!'$/!<+&/!35!'$/!<3''31!,(22/0'!1+&&>!#$/*!,+0!2/+,$!'/0&!35!-%.31/'2/&!%0!./08'$!+0)!$+L/! !"NNVA>!!!

Q"#"A 7)8*688)&/, #$/! 2/,380%'%30! 35! ,30'3(2%'/! )2%5'&! 30! &/%&1%,! ,+0! ! #$2//! -/*! ,2%'/2%+!532!%)/0'%5%,+'%30!$+L/!!@TTTG!"N@@G!M/!H&%08!'$/&/!,2%'/2%+7!1+0*!13(0)/)!)2%5'&!$+L/!!@TTIA!+0)!%0!'$/!&(<&(25+,/!CWm0/-/!+0)!B'3=!"NNOA>!

@_I! ! ! [)/0'%5%,+'%30! 35! &$//'/)! )2%5'&! +0)! 3'$/2! &+0)64230/! ,30'3(2%'/! +,,(1(.+'%30&! $+&! 423L/0! 132/!423<./1+'%,7!4+2'%,(.+2.*!%0!'$/!&(<&(25+,/>!c%1%'/)!/F+14./&!)3!/F%&'7!532!/F+14./7!%0! '$/!:+143&!`+&%0!CY32+/&!/'!+.>!"NNVA7!]+0%&$!`+&%0!CB(2.*-!+0)!c*--/6Q0)/2&/0!"NNVA7!'$/! Z32'$!M3,-+..!#23(8$!CB'3-/2!/'!+.>!@TTOA7!Q28/0'%0/!&.34/!CW/20X0)/;6Y3.%0+!/'!+.>!"NNTA!+0)! '$/!Q0'+2,'%,!Y+28%0&!CY+.)30+)3!/'!+.>!"NNIA>!B31/!35!'$/1!$+L/!!

B/%&1%,! )+'+! +.13&'! +.=+*&! 43&&/&&/&! (0,/2'+%0'*! %0! '$/! %0'/242/'+'%30! &'+8/7! =%'$! 1+0*! 43&&%<./! 3(',31/&>! #$/! %0'/242/'/2! 1(&'! 43&&/&&! +14./! 8/34$*&%,+.7! 8/3.38%,+.7! +0)! %0! '$%&! ,+&/7! 3,/+0382+4$%,! -03=./)8/! '3! 1+-/! '$/! !a$/2/!43&&%<./!'3!+,J(%2/7!-03=./)8/!35!'$/!2/8%30+.!'/,'30%,!&/''%087! 4+.+/3,/+0382+4$%,! &/'6(4! 35! '$/! 1+28%0! +0)! +))%'%30+.! )+'+! C&(,$! +&! <+'$*1/'2%,7! 4/'234$*&%,+.! +0)! &/)%1/0'3.38%,+.A! ,+0! +%)! '$/! %0'/242/'+'%30! 35! '$/! &/%&1%,! )+'+! %0'3! +! 2/+.%&'%,!+0)!23<(&'!8/3.38%,+.!13)/.>!

O"! R+<-L+.'()+,-.'-.-L.A*+,-.&/-0+/*@+&'-0A.4+-

R%0/682+%0/)! ,30'3(2%'/! 5+,%/&! C1()&! +0)! &%.'&A! +2/! 5+%2.*! =/..! ,30&'2+%0/)! +0)! '/0)! '3! &$3=! $%8$!./L/.&!35!<%3'(2<+'%307!4332!42/&/2L+'%30!35!!"NNTA>!#$/*!+2/! )%&'%08(%&$/)! 5231! 3'$/2! 5%0/682+%0/)! )/43&%'&! C4/.+8%,! +0)! '(2<%)%'%,A! 30! +,,3(0'! 35! '$/%2! <%82+)+'%30+.! (0%'&! +0)! ,314./'/! &/)%1/0'! 2/=32-%08! <*! <%3'(2<+'%30>! :30'3(2%'/! 82538! $3=/L/2!&$3=!+!1(,$!=%)/2!L+2%/'*!35!5+,%/&!+0)!5+,%/&!+&&3,%+'%30&7!+0)!+2/!'$/2/532/!1(,$! 132/!)%55%,(.'!'3!)%&'%08(%&$!5231!3'$/2!)//4!=+'/2!&+0)&>!W/2/!=/!)%&,(&&!'$/!-/*!5/+'(2/&!35! ,30'3(2%'/!&+0)&!+'!,32/!+0)!&/)%1/0'!&,+./!+0)!$3=!'$/*!)%55/2!5231!3'$/2!)//4!=+'/2!5+,%/&>!!

Q"!"# 5&/.&61).%,-+/<,@+*)%8, Q'! +! &/)%1/0'! ,32/! &,+./7! '$%&! &'()*! $+&! /F+1%0/)! &/)%1/0'! 5231! L+2%3(&! ,30'3(2%'/! )/43&%'%30+.!/0L%2301/0'&!+0)!35!L+2*%08!5+,%/&!C#+<./!V>@A>!R+,%/&!=/2/!.388/)!L%&(+..*7!+0)! =$/2/! 43&&%<./7! :#6%1+8%08! =+&! (&/)! '3! 5(2'$/2! +%)! %0'/242/'+'%30>! W/2/7! -/*! &/)%1/0'+2*! 5/+'(2/&!=%'$%0!'$/!5+,%/&!+2/!)%&,(&&/)!+0)!+!0/=!&/'!35!,30'3(2%'/!5+,%/&!13)/.&!42343&/)>!

]"!"#"# N)&*'25)2?)5)%&+ #$23(8$3('!'$/!@I!&/)%1/0'!,32/&!.388/)7!'$/2/!%&!+!&4/,'2(1!35!)%55/2/0'!5+,%/&!<3(0)+2%/&! &//0!5231!82+)+'%30+.7!'$23(8$!'3!/23&%30+.>!Q<2(4'!+0)!/23&%30+.!<3(0)+2%/&!35'/0!&/4+2+'/! &+0)*! (0%'&! +0)! +2/! %0'/242/'/)! +&! 2/42/&/0'+'%L/! 35! +0! %0,2/+&/! %0! /0/28*! C<3''31! ,(22/0'! L/.3,%'*A>!#$/2/!+2/!&31/!,.+&&%,!/F+14./&!35!'$/!%,$035+,%/&!-.088#/%5$#6'8!C/>8>!R%8>!V>@A!=$%,$! @_K! ! ! %&! ,31130.*! +&&3,%+'/)! =%'$! +0! /23&%30+.! $%+'(&! 5231! =$%,$! .+28/6&,+./! <(223=&! 4/0/'2+'/! )//4.*!%0'3!'$/!(0)/2.*%08!&(<&'2+'/!CY+,P+,$/20!/'!+.>!@TT"A>!B31/!/23&%30+.!$%+'(&/&!%0!'$/! ,32/&!$+L/!!#$%&!%0)%,+'/&!'$+'!'$/2/!$+&!!]%&'%0,'%L/.*!+<2(4'!/23&%30+.!$%+'(&/&! +2/! 3<&/2L/)! '$23(8$3('! '$/! ,32/&! 43&%'%30/)! ,.3&/&'! '3! '$/! 1+%0! Y\a! <3''31! =+'/2! ,$+00/.&7! +.'$3(8$! &31/! &%80%5%,+0'! /23&%30+.! <3(0)+2%/&! ,+0! +.&3! ! P23&%30+.! )%&,30'%0(%'%/&! +2/! 8/0/2+..*! +&&3,%+'/)! =%'$! ,3+2&/2! &/)%1/0'!G!5231!5%0/!&+0)!(4=+2)&>! a%'$%0!'$/!@,255'.87!+1+.8+1+'/)!1+&&%L/!&+0)&!+0)!.+1%0+'/)!&+0)&!)31%0+'/>!#$/&/!+2/! 35'/0! &/4+2+'/)! <*! /23&%30+.! &(25+,/&! 2/42/&/0'%08! 5(2'$/2! %0,2/+&/)! <3''31! ,(22/0'! L/.3,%'%/&>!#$/!3&#/6!&/)%1/0'&!$3=/L/27!+2/!)31%0+'/)!<*!1+&&%L/!+0)!5%0/!<%3'(2<+'/)!&+0)&! +0)!&$3=!1(,$!$%8$/2!,*,.%,%'*!CvN>_!1A7!%0)%,+'%08!'$+'!+'!'%1/&!<3''31!,(22/0'&!&=//4!3L/2! '$/! &/+! ! H0%'! <3(0)+2%/&! 30! )2%5'&! +2/! '$/2/532/! 132/! ,31130.*! 0306)/43&%'%30+.7! 32! 82+)+'%30+.! C35'/0! 2/=32-/)!<*!<%3'(2<+'%30A>!!

!

!0'&( J#%&'(:&$%"(BKD( E0.#N/%<( :&$0>/%/01#N(I1Y/'01K&1%( `:N_! VIO! Y%)&.34/! :30'3(2%'/!:$+00/.! E:NK! ^_O! Y%)&.34/! Y3(0)/)!]2%5'! E:N^! KTN! H44/2&.34/! E.+&'/2/)!]2%5'! E:NO! T^@! c3=/2&.34/! Y3(0)/)!]2%5'! ]@INV_! TVV! c3=/2&.34/! :30'3(2%'/!:$+00/.! ]@IOT^! O@V! Y%)&.34/! Y3(0)/)!]2%5'! ]@IOOT! @_ON! c3=/2&.34/! R+0!]2%5'! ]@IOTT! @@VT! c3=/2&.34/! Y3(0)/)!]2%5'! ]@ITNN! @"TV! c3=/2&.34/! R+0!]2%5'! ]@IOTK! @_IO! c3=/2&.34/! W/1%4/.+8%,! H@IO^! _^@! H44/2&.34/! Y3(0)/)!]2%5'! H@IOO! ^^I! Y%)&.34/! :30'3(2%'/!:$+00/.! H@IOT! ^KK! Y%)&.34/! B$//'/)!]2%5'! +2=.'!`)(*!Q'A08#6#052.!Y5U#&057'56!253!]253!A0&6#05!0/!'2@,!@0&')!

@__! ! !

!

"#$%&'!`)(*!C5!'>27A.'!0/!6,'!2880@#26#05!='6:''5!=#06%&=26#05a!$&2#5!8#4'a!253!3'A08#6#052.! '5'&$9)!Y>27A.'!/0&7!T1K[!+&#$$'&!10&')!!

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

@_^! ! ! ]"!"#"! <%3)/%25-0;+<50?*5?0%&+ :30'3(2%'/! &+0)&! +44/+2! '3! !R%0/682+%0/)!,30'3(2%'/&!'/0)!'3!$+L/!.%''./! '3!03!42/&/2L+'%30!35!&/)%1/0'+2*!&'2(,'(2/&!)(/!'3!2/=32-%08!<*!<%3'(2<+'%30!Ca/';/.!"NNOA>! #$%&!+44/+2&!'2(/!+.&3!532!5%0/682+%0/)!&+0)&!'$+'!&$3=!/F'/0&%L/!2/=32-%08>!#$%&!&'()*!&$3=&! '$+'!1/)%(16!'3!,3+2&/!&+0)&!&$3=!+!&%80%5%,+0'!)/,2/+&/!%0!'$/!/F'/0'!35!<%3'(2<+'%307!+0)! '$/2/532/!$+L/!'$/!,+4+,%'*!'3!42/&/2L/!42%1+2*!&/)%1/0'+2*!&'2(,'(2/&!+'!+!,32/!&,+./>!!

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v@NN!,1!&6@A! 3<&/2L/)! =%'$%0! '$/! ,30'3(2%'/! &+0)&! %0! '$%&! &'()*! CR%8>! _>"IA>! P.&/=$/2/7! '$/2/! +2/! &31/! %0)%,+'%30&! 35! .+1%0+'%30! +0)! ,23&&6_!1!'$%,-A>!#$+'!&+%)7!&31/!)%&'%0,'!!_>^!PA>!

]"!"#"7 K)'5?0@-5)'2+V-55%02&+ p62+*!+0)!:#6%1+8%08!+2/!<*!5+2!'$/!!"NNOA>!W3=/L/27!'$/!&'()*!35!,30'3(2%'/!%,$03.38*!%&!&'%..!L/2*!1(,$!%0!%'&!%05+0,*! C`+.)=%0!+0)!Y,:+L/!@TTTG!cs=/1+2-!/'!+.>!"NNKG!a/';/.!/'!+.>!"NNOG!P&&/F!+0)!B'3=!"N@IA! +0)! +! )/5%0%'%L/! %,$035+,%/&! 13)/.! 532! &+0)*! ,30'3(2%'/! )/43&%'%30! %&! */'! '3! ! Q.'$3(8$!%'!%&!*/'!'3!!`%3'(2<+'%30!$+&!.308!! [0! 2/+.%'*! 35! ,3(2&/7!<%3'(2<+'%30!35!&/)%1/0'!,+0!$+44/0!%0!+0*!/0L%2301/0'!=$/2/?!@A!'$/!&/)%1/0'!2+'/! )3/&!03'!/F,//)!'$+'!35!'$/!<%3'(2<+'%30!2+'/7!"A!'$/2/!%&!&(55%,%/0'!0('2%/0'!%05.(F!'3!&(4432'!+!

@_V! ! ! $+<%'+'%30!Ca/';/.!@TT@A>!#$/!42/&/0,/!35!'2+,/!53&&%.&!%&7!'$/2/532/7!<*!03!1/+0&!2/&'2%,'/)!'3! ,30'3(2%'%,! &/)%1/0'&>! M+'$/27! '$3&/! '2+,/! 53&&%.&! &$3(.)! !#+<./!V>"!&(11+2%&/&!'$/!1+%0!&'*./&!3<&/2L/)!=%'$%0!'$/!&/)%1/0'!5231! 1()6)31%0+'/)! '$23(8$! '3! ,3+2&/! &+0)>! #$/! '2/0)&! 3<&/2L/)! %0! '$/! ,32/&! %0! '$%&! &'()*! +2/! <23+).*!,314+2+<./!'3!'$3&/!3<&/2L/)!%0!&'()%/&!/.&/=$/2/7!+&!3('.%0/)!<*!Ca/';/.!/'!+.>!"NNOA! +0)!+2/!b(&'%5%/)!!!

"#5'B$&2#5'3! @0560%'8*! Q..! .3=6/0/28*! ,30'3(2%'/&! +2/! /F4/,'/)! '3! $+L/! /F'2/1/.*! $%8$! ./L/.&!35!<%3'(2<+'%30>!Y())*!&/,'%30&!2/8(.+2.*!+44/+2!@NNr!2/=32-/)!=%'$!'$/!,32/!&(25+,/! +44/+2%08!1+&&%L/!+0)!&'2(,'(2/./&&7!=%'$!03!!U/2*!&1+..6 &,+./! <(223=&! ,+0! ! #$/! %0'/0&%L/! &/)%1/0'! 2/6=32-%08! <*! <(223=%08! 328+0%&1&!&(88/&'&!'$+'!<3''31!=+'/2!%05.(/0,/&!3L/2!'$/!+2/+!+2/!'2+0&432'%08!0('2%/0'&!'3! '$/! &/+! 5.332>! a$/0! &%.'! /0'/2&! '$/! &*&'/17! ,314./'/! 2/=32-%08! %&! +8+%0! ,311307! +0)! '$/! 4%;#:%&$'$63%4')&'6'1*6"61$%"#4$#1'+:)$$7%;9'655%6"6&1%B'! e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

@_O! ! ! 1/)%(1!&+0)!)/43&%'%30!42/L/0'&!&1+..6&,+./!328+0%&1&!+0)!b(L/0%./&!5231!/&'+<.%&$%087!+0)! '$/2/532/!.+28/26&,+./!328+0%&1&!8/0/2+..*!)31%0+'/!Ca/';/.!"NNOA>!

F'3#%7!60!@02&8'!82538?!a$/2/!'$/!,32/!2/+,$/&!$%8$!&+0)!,30'/0'!C82/+'/2!'$+0!VN!rA!'$/2/! %&!+!1+2-/)!2/)(,'%30!%0!<%3'(2<+'%30!35!'$/!&/)%1/0'>!#$/&/!5+,%/&!,+0!!_>^! PA!32!&'2(,'(2/./&&!CR%8>!_>^!RA>!R32!,./+0!1/)%(16!'3!,3+2&/6&+0)&!'3!!"NNTA!+0)!'$%&!%&! 8/0/2+..*! '33! $3&'%./! +0! /0L%2301/0'! 532! <3''31! 5//)/2&>! ]//4! <(223=%08! 328+0%&1&! 1+*! &(2L%L/! &(,$! +0! /0L%2301/0'7! <('! '$/! 2/13L+.!35! b(L/0%./! 328+0%&1&! 1+-/&! %'! )%55%,(.'! 532! +! ,311(0%'*!'3!&(&'+%0!%'&/.5>![0!&(,$!&/,'%30&7!2+2/!.+28/6&,+./!<(223=&!+2/!3<&/2L/)!+0)!'$/2/! %&!(&(+..*!+!)%&'%0,'!2/8%30!+'!'$/!'34!35!'$/!! #$/2/! +2/! &31/! ,.+&&%,! /F+14./&! 35! '$%&! %,$035+,%/&7! 0+1/)! -.088#/%5$#6'8!CR%8>!V>@A!CY+,P+,$/20!/'!+.>!@TT"A>!

:30'2+2*!'3!5%0/682+%0/)!,30'3(2%'/&7!=$%,$!&$3=!%0'/0&/!<%3'(2<+'%307!'$/!)+'+!$/2/!2/L/+.&! '$+'!=%'$!%0,2/+&%08!82+%0!&%;/7!./&&!<%3'(2<+'%30!%&!&//0!%0!,30'3(2%'/!&+0)&>!U/2*!5%0/!&+0)&! &$3=!$%8$!<%3'(2<+'%30!2+'/&!+0)!$%8$!5+(0+!)%L/2&%'*>!R%0/!'3!1/)%(1!&+0)&!&$3=!+!1+2-/)! ,$+08/!%0!<%3'(2<+'%30!&'*./7!=%'$!.+28/26&,+./!Cv@!,1!)%+1/'/2A!32!)//4.*!4/0/'2+'%08!<(223=&! 30.*>! Y/)%(1! '3! ,3+2&/! &+0)&! 30.*! 2+2/.*! &$3=! +0*! '2+,/! 53&&%.&! %0)%,+'%08! '$+'! <3''31! ,(22/0'&!+'!'$/!'%1/!35!)/43&%'%30!32!+,,(1(.+'%30!2+'/&!=/2/!&(55%,%/0'.*!$%8$!'3!42/L/0'!'$/! $+<%'+'%30!35!'$/!&/+!"A>!!

+%&=#3#6'! &+0)&! '/0)! '3! IA>!Q0*!5+(0+!%0$+<%'%08!'$/!&/+!5.332!=%..!

!

!+2=.'!`)J*!+,'!72#5!869.'8!0/!=#06%&=26#05!0=8'&U'3!:#6,#5!6,'!@0560%'!8'3#7'56!253!6,'#&! 2880@#26#05!:#6,!=06607!@%&&'56!U'.0@#69)!F03#/#'3!/&07!E'64'.!'6!2.)!

@_T! ! ! 42/L/0'&!+0*!2/=32-%08!35!'$/!&+0)*!<+&/!35!'$/!/L/0'!!`%3'(2<+'%30!1+*!3,,(2!%0!'$/!5%0/! '34!432'%30!35!'$/!'(2<%)%'/!&(,,/&&%307!<('!30.*!%5!'$/2/!%&!&(55%,%/0'!'%1/!!#$/2/532/7!<3'$!'(2<%)%'/!+0)!,30'3(2%'/!1/)%(1! '3!,3+2&/!&+0)&!1+*!+44/+2!'3!$+L/!&%1%.+2.*!.3=!<%3'(2<+'%30!2+'/&!+0)!,+2/!1(&'!!!

]/'+%./)! &'()%/&! +&&/&&%08! <%3'(2<+'%30! (&%08! p62+)%382+4$! +0)! :#6%1+8/&! 30! ,30'3(2%'/! &/)%1/0'&!+2/!.%1%'/)!C`+.)=%0!+0)!Y,:+L/!@TTTG!cs=/1+2-!/'!+.>!"NNKG!a/';/.!/'!+.>!"NNOA>! Q&!+!2/&(.'7!'$/2/!%&!&'%..!1(,$!42382/&&!'3!!B31/! -/*!)%55/2/0,/&!%0!'$/!)/43&%'%30+.!2/8%1/!+0)!2/&(.'%08!<%3'(2<+'%30!2+'/&!+2/!&(11+2%&/)!%0! #+<./!V>I>!#$/2/!%&!&'%..!+!0//)!532!+!&'+0)+2)!%,$035+,%/&!13)/.!32!,$+2+,'/2%&'%,!'2+,/!53&&%.! +&&/1<.+8/&!532!1())*!+0)!&+0)*!,.+&'%,!,30'3(2%'/&!C`231./*!@TT^A>!

]"!"#": 8-*)%&+-23+8-*)%&+<%U?%2*%&+ c388%08!35!'$/!,32/&!,./+2.*!&$3=&!+!L+2%/'*!35!&1+..6&,+./!5+,%/&!&/J(/0,/&!.%0-/)!'3!82+%0!&%;/! L+2%+'%30&>!#$/&/!+2/!+.&3!,./+2.*!%1+8/)!+&!)/0&%'*!,$+08/&!30!:#6%1+8/!)+'+!=$%,$!,+0!! _>"A>! #$%&! ,31<%0+'%30! 35! 82+%0! &%;/! +0+.*&%&!+0)!L%&(+.!.388%08!+..3=&!532!+!0(1! W/2/7! =/! 53,(&! 30! '$/! ,30'3(2%'/! 82538! %0! '$/! ,32/&7! +0)! '$/%2! +&&3,%+'%30!=%'$!3'$/2!5+,%/&>!

#$/!&/J(/0,/&!&$3=!)%&'%0,'!,*,.%,%'*7!C%0!'$/!32)/2!35!N>_!1!%0!&%.'!+0)!L/2*!5%0/!&+0)!5+,%/&7!(4! '3!"!1!,*,.%,%'*!%0!1/)%(1!'3!,3(2&/!&+0)&A>!#$/!&+0)!(0%'&!2+2/.*!/F,//)!@6"!1/'2/&!'$%,-0/&&7! =%'$! '$/! 82/+'/&'! '$%,-0/&&/&! +,,(1(.+'/)! =%'$%0! ,30'3(2%'/! ,$+00/.&! 327! +&! =%'$! ,32/! &%'/! ]@ITNN7!30!5+0!)2%5'&!+'!'$/!/F%'&!35!,$+00/.&!CR%8>!V>"A>!`/)!'$%,-0/&&!%&!+!5(0,'%30!35!&/)%1/0'! %05.(F7! 4/2&%&'/0,/! 35! <3''31! ,(22/0'7! +0)! /23&%30?)/43&%'%30>! #$%&! %0'/2! _>VA>! Q&&(1%08! '$+'! 82+%0! &%;/! ,+0! !! e'&9! /#5'! 82538! +44/+2! &%1%.+2! '3! 3'$/2! 5%0/682+%0/)! ,30'3(2%'/! 5+,%/&?! $/+L%.*! <%3'(2<+'/)>! #$/2/!%&!+!)%&'%0,'!.+,-!35!+0*!42%1+2*!&/)%1/0'+2*!5/+'(2/&7!+0)!%0&'/+)7!1(.'%4./!8/0/2+'%30&! 35!<(223=&!+2/!&//0!%0!:#6%1+8/&!CR%8>!V>@A>!#$/!&35'!&/)%1/0'!,32/!5+,/!35'/0!$+&!+!)%&'%0,'%L/! +:)$$7%;9'655/+2+0,/>!#$%&!,314./'/!&/)%1/0'!2/=32-%08!%&!+''2%<('/)!'3!&.(88%&$!Ct!@N!,1!&6@A! <3''31!,(22/0'&!423L%)%08!/0$+0,/)!L/0'%.+'%30!+0)!0('2%/0'&!'3!'$/!&/+!5.332!'$+'!42313'/&

@^N! ! !

!

( ;@'[/C/%&( !01%0@'/%&( BZ&K/DS&N#H/.( ( U@C( -#1C( U@C( -#1C( -&C/K&1%( B/1%6,30'%03(&! [0'/21%''/0'!G! O..@K@N#%/01( :30'%0(3(&!&.3=! [0&'+0'+0/3(&!2+4%)! [0&'+0'+0/3(&!2+4%)! )/43&%'%30!+0)! )/43&%'%30!+0)! 2/=32-%08! 2/=32-%08! \'H#1/.(U#%%&'( U/2'%,+.!5.(F!+0)! U/2'%,+.!5.(F!+0)! U/2'%,+.!5.(F!+0)!.+'/2+.! U/2'%,+.!5.(F!+0)!.+'/2+.! R1]N@^( U/2'%,+.!5.(F! &(&4/0&%30! &(&4/0&%30! %04('! %04('! @^" '2+0&432'+'%30! '2+0&432'+'%30! ! V#@1#(-%#[/N/%<( g%../)!+0)!)/,3.30%&/)! g%../)!+0)!)/,3.30%&/)! E332?!)//46<(223=%08! :30'%0(3(&! :30'%0(3(&! =%'$!'(2<%)%'/!/L/0'&! =%'$!'(2<%)%'/!/L/0'&! 328+0%&1&!1+*!&(2L%L/!

V#@1#( U+2%/)!)/4/0)%08!30! R%0/!B+0)&!u!$%8$! QL/2+8/!'3!.3=! c3=! U/2*!$%8$! O[@1C#1.&( '(2<%)%'/!/L/0'&! :3+2&/!B+0)&!u!c3=!

L/0%@'[#%/01( QL/2+8/>!:30'23../)! R%0/!B+0)&!u!$%8$! 9/0/2+..*!.3=! c3=! U/2*!$%8$! W#%&( <*!L/2'%,+.!5.(F! :3+2&/!B+0)&!u!c3=! +2=.'!`)L*!Y>A'@6'3!=#06%=26#05!A266'&58!2@&088!6,'!3#//'&'56!3''A!:26'&!3'A08#6#052.!'5U#&057'568)!F03#/#'3!/&07!E'64'.!'6!2.)!

!

@! ! ! !#$/!L/2*!5%0/!&+0)!5+,%/&!+2/!35'/0!+&&3,%+'/)!=%'$!3'$/27!5%0/2682+%0/)! 5+,%/&!<*!82+)+'%30+.!<3(0)+2%/&7!+0)!'/0)!'3!!!

"#5'! 8253! /2@#'8! +.&3! &$3=! /L%)/0,/! 35! <%3'(2<+'%307! +.'$3(8$! '$/! %,$035+,%/&! +44/+2! L/2*! )%55/2/0'! CR%8>! _>^! ]A>! c+28/2! <(223=&! '/0)! '3! )31%0+'/7! 2/+,$%08! 3L/2! @! ,1! %0! )%+1/'/2>! c3,+..*7! &31/! /L%)/0,/! 35! .+1%0+'%30! 1+*! !#$%&!,$+08/!35!%,$035+,%/&!%&!)(/!'3!'$/!%0,2/+&%08!<3''31!,(22/0'! L/.3,%'%/&!2/J(%2/)!532!5%0/!&+0)!)/43&%'%30>!Y32/!L%8323(&!,(22/0'&!42/L/0'!$+<%'+'%30!35!'$/! &/+!5.3327!+&!&1+..!328+0%&1&!+0)!b(L/0%./&!+2/!&=/4'!+=+*>!#$/2/532/7!%'!%&!30.*!.+28/2!&4/,%/&7! +0)!)//4!4/0/'2+'%08!<(223=/2&!'$+'!+2/!+<./!'3!&(2L%L/!Ca/';/.!"NNOA>!R%0/!&+0)&!+2/!35'/0! +&&3,%+'/)!=%'$!3'$/27!5%0/2!82+%0/)!5+,%/&!<*!82+)+'%30+.!<3(0)+2%/&7!+0)!1+*!&$3=!$%+'(&!32! 0306)/43&%'%30!&(25+,/&>!#$/*!'/0)!'3!!!

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

:30'3(2%'/! &+0)! 5+,%/&! 35! &%80%5%,+0'! '$%,-0/&&/&! +2/! +,,(1(.+'/)! =%'$%0! '$/! ,30'3(2%'/! ,$+00/.&!+0)!'$/2/!%&!+!1+2-/)!2/)(,'%30!%0!&+0)!,30'/0'!.+'/2+..*!+=+*!5231!,$+00/.&!C=%'$! 2/&4/,'! '3! 0/'6'36823&&! +0)! 1/+0! 82+%0! &%;/A>! #$/! %1432'+0,/! 35! '$/! ,30'3(2%'/! ,$+00/.&! %&!!! %..(&'2+'/)! %0! R%8(2/&! _>@! +0)! V>">! a$/0! 5+,%/&! &/J(/0,/&! +2/! 4.3'! +8+%0&'! =+'/2! )/4'$! +0)! )%&'+0,/! 5231! '$/! 9%<2+.'+2! 9+'/=+*>! B+0)! 5+,%/&! +2/! +<./! '3! '2+L/.! 82/+'! )%&'+0,/&! '3! &%80%5%,+0'!=+'/2!)/4'$&!=$/0!<3''31!,(22/0'&!+2/!,30'+%0/)!<*!,30'3(2%'/!,$+00/.&!C/>8>!,32/! ]@ITNN!+'!@"TV!1!=+'/2!)/4'$A>!#$/!.+'/2+.!2/)(,'%30!%0!82+%0!&%;/!+=+*!5231!<3''31!,(22/0'! ,32/&! +0)l32! +&&3,%+'/)! ,$+00/.&! ,3(.)! !"NNVA>!!

['! &$3(.)! !R32!/F+14./7!+!,+2<30+'/!,30'3(2%'/!=%..!$+L/!)%55/2/0'! ,.+&'!'2+0&432'!'$2/&$3.)&7!+0)!'$/2/532/!+!)%55/2/0'!2/&430&/!'3!<3''31!,(22/0'!5.(,'(+'%30&>!!

@^I! ! ! !

!

"#$%&'!`)J*!"2@#'8!8'\%'5@'8!0=8'&U'3!#5!@0&'8!.0$$'3!%A!60!S!7!='.0:!6,'!8'2!/.00&)!T.066'3! 2$2#586!:26'&!3'A6,!253!3#8625@'!/&07!6,'!-#=&2.62&!-26':29)!!

!

! @^K! ! ! #$/!-/*!%0'/242/'+'%30&!5231!'$/!+0+.*&%&!35!,30'3(2%'/!&+0)!5+,%/&!+0)!5+,%/&!&/J(/0,/&!+2/G!!

@A p62+*! 32! :#6%1+8%08! %&! 2/J(%2/)! '3! 5(..*! +&&/&&! ,30'3(2%'/! 5+,%/&! =%'$%0! &35'! &/)%1/0'!,32/&>! "A :30'3(2%'/!&+0)&!%0!'$/!9(.5!35!:+)%;!2+2/.*!/F,//)!@!1!%0!'$%,-0/&&!(0./&&!.3,+'/)! =%'$%07! 32! +'! '$/! /F%'! 35! ,30'3(2%'/! ,$+00/.&! C=$/2/! '$%,-0/&&/&! (4! '3! "! 1! +2/! 3<&/2L/)A>! IA #$/2/! %&! +! .%0-! !

Q"!"! 5&/.&61).%,-+/<,-%<):%/.,B%C.61%8, #$%&!&'()*!42/&/0'&!30/!35!'$/!.+28/&'!2/,32)&!35!&/)%1/0'3.38%,+.!)+'+!%0!+0*!,30'3(2%'/!&+0)! &*&'/1!'3!)+'/>!92+%0!&%;/!+0+.*&%&!35!3L/2!VNN!&+14./&!%0!'$/!/+&'/20!9(.5!35!:+)%;!=/2/!(&/)! '3!423L%)/!+!833)!%0&%8$'!'3!'$/!'/F'(2+.!,$+2+,'/2%&'%,&!35!+..!'$/!,30'3(2%'/!5+,%/&!C1())*!'3! ,3+2&/!&+0)A>!#$/!1/+07!13)/&7!&'+0)+2)!)/L%+'%307!&-/=0/&&!+0)!-(2'3&%&!$+L/!!

]"!"!"# $%-2+O0-)2+<)(%+ #$/!9(.5!35!:+)%;!&/)%1/0'!&+14./&!&$3=!1/+0!82+%0!&%;/&!5231!^!k1!'3!o@NNNk1!C,$+4'/2!_A>! #$/!2/&(.'&!=/2/!42/)31%0+'/.*!(&/)!'3!+%)!5+,%/&!%)/0'%5%,+'%30!+0)!,23&&!4.3'!)+'+!+0+.*&%&>!['! %&!&//0!'$+'!'$/2/!%&!+!&*&'/1+'%,!)/,/./2+'%30!35!82+%0!&%;/!+=+*!5231!'$/!9%<2+.'+2!9+'/=+*7! /F,/4'!=$/2/!+))%'%30+.!1324$3.38%,+.!532,%08!&(,$!+&!)%+4%2%,!2%)8/&!32!,$+00/.&!+2/!53(0)!'3! +,,/./2+'/! '$/! <3''31! ,(22/0'! CR%8>! _>@A>! ]/&4%'/! '$/! 9(.5! 35! :+)%;! ,30'3(2%'/! )/43&%'%30+.! &*&'/1!!a/!,+0!'$/2/532/!&+*!'$+'!'$/2/!%&! +!&'2308!.%0-!!#$/2/!,+07!$3=/L/27!

@> #$/! 5%0/&'! 432'%30! 35! '$/! &/)%1/0'! 82+%0&! C'$/! 1()&A! +2/! 13&'! .%-/.*! '2+0&432'/)! +&! 5.3,,(.+'/)! 4+2'%,./&! '$+'!+2/! )%&+882/8+'/)! )(2%08! '$/! 82+%0! &%;/! +0+.*&%&>! #$/! 5%0/&'! &/,'%30&! ,+003'7! '$/2/532/7! &$3=! +! .%0/+2! 2/.+'%30&$%4! !!

@^_! ! ! "> c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

]/&4%'/! '$%&7! '$/2/! %&! +! <23+)! '2/0)! 35! 53,(&/)! &+0)! +,,(1(.+'%30! %0! '$/! 4+2'&! 35! '$/! &*&'/1!=$/2/!<3''31!=+'/2!%&!+,,/./2+'/)!C=%'$%0!,$+00/.&A!32!=$/2/!'$/!<3''31!=+'/2! ,32/! &())/0.*! )/,/./2+'/&! C+'! '$/! /F%'! '3! +! 8+'/=+*7! ,$+00/.! 32! 3'$/2! 1324$3.38%,+.! 5/+'(2/A>! ]/'+%./)! =32-! <*! Y,:+L/! C@TOKA! $+&! 423L%)/)! +! 23<(&'! ,+.,(.+'%30! 35! '$/! 2/.+'%30&$%4! !V>IA>!!

!

"#$%&'! `)L*! +,'! 6&258A0&6! 253! 3'A08#6#05! 0/! 8'3#7'568)! -&2#5! 8#4'! #8! A.066'3! 2$2#586! @%&&'56! U'.0@#69)!"&07!F@12U'!<(SV[?)!

@^^! ! ! ]"!"!"! <'05)21++ E2/L%3(&!&'()%/&!$+L/!&$3=0!'$+'!,30'3(2%'/&!'/0)!'3!! "NNOA>! W3=/L/27! '$/! )+'+! &$3=&! &31/! &/,'%30&! 35! 13)/2+'/!&32'%087!+0)!'$/&/!+44/+2!'3!!Q&&/&&%08!&32'%08! L&>!1/+0!82+%0!&%;/!CR%8!V>KA7!+!0(1!H4!'3!+4423F%1+'/.*!"N!k1!1/+0! 82+%0!&%;/7!'$/2/!%&!+!3'@&'28#5$!'2/0)!%0!&32'%08>!Q<3L/!"N!k1!$3=/L/27!&32'%08!#5@&'28'8!=%'$! 82+%0!&%;/>!]+'+!43%0'&!2/42/&/0'%08!1/)%(1!&+0)&!C,3../,'/)!5231!`:N_!30!'$/!:\Z#\HM[`PM! [!,2(%&/A!4.3'!355!'2/0)>!!

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`:N_! +.&3! 4.3'&! +&! +! &/4+2+'/! ,.(&'/2! 30! +,,3(0'!35!%'&!.+28/!+L/2+8/!82+%0!&%;/>!['!&$3=&!1(,$!!#$%&!1+2-&!+!13L/!'3=+2)&!/23&%30+.!C=%003=%08A!423,/&&/&!+'!'$%&!,32/!&%'/>!!

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

@^V! ! !

"#$%&'!`)[*!1&088!A.06!0/!6,'!80&6#5$!2$2#586!7'25!$&2#5!8#4'!&'U'2.8!6,26!6,'!/#5'86!8'3#7'568! ,2U'! 2! 5'$26#U'! &'.26#058,#A! :#6,! 80&6#5$! 253! 7'3#%7! 8#.6! 60! /#5'! 8253! ,28! 2! A08#6#U'! 2880@#26#05!:#6,!80&6#5$)!]0&6#5$!3'/#5#6#058!$#U'5!=9!"0.;!<(S^[?)!!

]"!"!"7 !_>@^!`A!+0)!5%2&'!13)/!82+%0!&%;/!CR%8>!_>@OA>!#$/2/!+2/!+! L/2*!.%1%'/)!0(1!@TTOG!"NN",A!+0)!$/2/!%'!$+&!!#$/! 2/.+'%30&$%4! !#$+'!&+%)7!'$/2/!%&!,./+2.*!&31/!2/.+'%30&$%4!!#$/!1()&!+0)!&%.'&!,3../,'/)!5231!'$/!&'()*!+2/+!&$3=!0/+2!0321+.! )%&'2%<('%30&!CR%8>!_>@^!`A!'$+'!+2/!,$+2+,'/2%&'%,!35!&/)%1/0'&!)/43&%'/)!<*!&/''.%08!423,/&&/&7! %>/>! $/1%4/.+8%,! )/43&%'%30! 32! L/2*! 5%0/! 82+%0/)!,30'3(2%'/&! %05.(/0,/)! <*!=/+-! Ct@N! ,1! &6@A! <3''31!,(22/0'&>![0,2/+&%08!82+%0!&%;/&!'3!,3+2&/!&%.'&!+0)!5%0/!&+0)&!&$3=!+!42382/&&%L/.*!132/! 5%0/! &-/=/)! )%&'2%<('%30! =$%,$! %&! ,$+2+,'/2%&'%,! 35! +! )/43&%'%30+.! /0L%2301/0'! +0)! =$/2/! 5.3,,%08!%&!42/L+./0'>!!

B-/=0/&&!)+'+!%&!4+2'%,(.+2.*!L+.(+<./!=$/0!,23&&!4.3'!+8+%0&'!&32'%08!CR%8>!V>_A!!CY+2'%0&!"NNIA! +0)!'$%'1)&$")7')('>"6#&'4#F%'16&'@%'#:6>%;'17%6"78B'="):'$*%'1")44'57)$A'$*%'+#;%679';#4$"#@2$#)&4' ,+0!!Q!)%&'%0,'! ,.(&'/2!35!)+'+!43%0'&!%&!3<&/2L/)!%0!'$/!,3+2&/!&+0)>!#$/&/!&$3=!+!,3+2&/!'3!L/2*!,3+2&/!&-/=7! @^O! ! ! +0)! 4332! '3! 13)/2+'/! &32'%08>! `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

!

"#$%&'! `)_*! ]0&6#5$! U8)! 8;':5'88! @&088! A.06! 8,0:#5$! 7%.6#A.'! 6&'538)! Q262! A0#568! 2&'! @0.0%&B @03'3!:#6,!&'8A'@6!60!7'25!$&2#5!8#4'a!253!6,'&'!2AA'2&8!60!='!2!.#5;!='6:''5!@&088!A.06!6&'538! 253!7'25!$&2#5!8#4')!]''!6'>6!/0&!'>A.2526#05)!! @^T! ! ! #$/!1+b32%'*!35!'$/!3'$/2!)+'+!43%0'&!&$3=!+!5%0/!&-/=7!+0)!4332!'3!L/2*!4332!&32'%08>!#$/*! 4.3'!+.308!+!0(1!V>_A>!B%.'&!4.3'! +.308!+!'2/0)!35!)/,2/+&%08!&32'%08!+0)!%0,2/+&%08!5%0/!&-/=!+&!'$/!&/)%1/0'!,3+2&/0&>!a%'$%0! '$/! L/2*! 5%0/! &+0)&! '$/2/! +2/! '=3! 0/+264+2+../.! '2/0)&>! #$%&! %&! '$3(8$'! '3! 2/42/&/0'! '=3! )%55/2/0'! &/)%1/0'! &3(2,/&! =%'$! &.%8$'.*! )%55/2/0'! 423L/0+0,/! ,$+2+,'/2%&'%,&>! Q..! '$/&/! &/)%1/0'&!+2/!%0'/242/'/)!+&!,30'3(2%'/!)2%5'!&/)%1/0'&!+0)!'$/%2!)%&'2%<('%30!%&!'$3(8$'!'3!!Y%032!)%55/2/0,/&!%0!'$/!'2/0)&!C532!/F+14./!'$/!'=3!L/2*!5%0/! &+0)!'2/0)A!1+*!!#$%&!%&!+0!+2/+! 532!5(2'$/2!=32->!!

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a/!,+0! '$/2/532/!&'+'/!'$+'!L/.3,%'*!%&!+!&'2308!,30'23.!30!82+%0!&%;/!)%&'2%<('%30>!B%0,/!<3'$!&-/=0/&&! 6&;'32"$)4#4'6"%'56"6:%$%"4'$*6$'6"%'a8'58#6#U'!60!$'0.0$#@2.!A&0@'88'8b'CR2%/)1+0!+0)!B+0)/2&! @TVOA! '$%&! %0)%,+'/&! 1(.'%4./! )/43&%'%30+.! 423,/&&/&! +0)! ,30'23.&! =/2/! 2/&430&%<./! 532! '$/! &/)%1/0'+'%30!%0!'$/!&'()*!+2/+>!!

]"!"!": 6?/?4-5).%+80%U?%2*;+6?0.%&+ R%8(2/!V>^!&$3=&!,(1(.+'%L/!52/J(/0,*!,(2L/&!532!+..!'$/!&+14./&!5231!'$/!:\Z#\HM[`PM6@! ,32/&! +&! )%L%)/)! <*! '$/%2! 2U'&2$'! 82+%0! &%;/>! #$/! 82+4$&! &$3=! ,30&%)/2+<./! ,$+08/&! %0! '$/! &$+4/! 35! '$/! ,(2L/! )/4/0)%08! 30! '$/! +L/2+8/! 82+%0! &%;/! +0)! '$%&! %&! +''2%<('/)! '3! ,$+08%08! '2+0&432'!1/,$+0%&1&!CB'3=! +0)! R+(8S2/&!"NNOA>! B/)%1/0'! '2+0&432'! $+&! ! #$/2/! =%..7! 35! ,3(2&/! ! `/)! .3+)! CR%8! V>VA! %&! 5(2'$/2! )%L%)/)! %0'3! &/)%1/0'! '2+0&432'! <*! &+.'+'%30! C=$/2/<*! &/)%1/0'! %&! '2+0&432'/)! <*! .3=! $34&! +.308!'$/!&(<&'2+'/A!32!<*!'2+,'%30!1/,$+0%&1&!C23..%08!32!&.%)%08!+.308!'$/!&(<&'2+'/A!CR%8>!V>VA! C`+803.)!@TVIA>!!

@VN! ! !

"#$%&'! `)^*! 1%7%.26#U'! /&'\%'5@9! @%&U'8! /0&! '2@,! 2U'&2$'! $&2#5! 8#4'! 3#U#8#05! 2@&088! 2..! 1GP+GbWD+MYWB(! $&2U#69! @0&'! 8#6'8)! +,'! @%&U'8! 8,0:! 25! #7A0&6256! @,25$'! #5! 6,'! 307#5256! 6&258A0&6! A&0@'88! ='6:''5! /#5'! 8#.6! 253! U'&9! @02&8'! 8253! 28! &'A&'8'56'3! =9! 2! @,25$'! #5! 6,'! 6&'53!0/!6,'!@%&U')!

R%0/2!&/)%1/0'&!&$3=!+!,$+2+,'/2%&'%,!,(2L/!532!&(&4/0)/)!1+'/2%+.!)/43&%'%30!CR%8!V>^A>!a%'$! ,3+2&/0%08! &/)%1/0'! ,31/&! +! .+28/2! &+.'+'%30! ,31430/0'! '3! '$/! '2+0&432'! 1/,$+0%&1! %0)%,+'/)!<*!+!,$+08/!%0!'$/!&$+4/!35!'$/!)%&'2%<('%30!,(2L/>!R%0/!&+0)!%&!!"NNOA>!#$%&!%0)%,+'/&! '$+'!&%.'!+0)!1()6&%;/)!4+2'%,./&!+2/!=%003=/)!+=+*!+0)!)/43&%'/)!/.&/=$/2/!%0!'$/!&*&'/1>!['! ,+0! '$/2/532/! ! U/2*! 5%0/! G! 5%0/! &+0)&! &'%..! $+L/! +! ,30&%)/2+<./! &(&4/0)/)! .3+)! ,31430/0'7! <('! 1/)%(1! +0)! ,3+2&/! &+0)&! +2/! 42/)31%0+'/.*! )/43&%'/)! <*! !! @V@! ! ! !

!

!"#$%&'!`)`*!F'@,25#878!/0&!8'3#7'56!6&258A0&6!:#6,#5!=06607!@%&&'568)!

Q"!"4 7)8*688)&/,,

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

@V"! ! !

"#$%&'!`)V*!+,'!@0560%'!/2@#'8!8'\%'5@'!/&07!-056,#'&!'6!2.)!<(SV[?!253!703#/#'3!=9!]60:! 253!"2%$R&'8!

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

F'3#%7B$&2#5'3!@0560%'8!C&%.'&!'3!L/2*!5%0/!&+0)&A!$+L/!$/2/!B'V>OG!V>TA>!['!%&!,314+2+<./!'3!'$/!%)/+.%&/)!`3(1+!B/J(/0,/!35! '(2<%)%'/! 5+,%/&! 13)/.&7! =$/2/! '$/! 5(..! 2+08/! 35! 5%0/! '3! 1/)%(1! &/)%1/0'! 5/+'(2/&! %&! )3,(1/0'/)! C+.'$3(8$! %0! 2/+.%'*7! 2+2/.*! +2/! +..! '$/! ,31430/0'&! &//0! %0! +! &%08./! 5+,%/&! &/J(/0,/A>! #$/! ,30'3(2%'/! 13)/.! &$3=&! <%82+)+'%30+.! 82+)%08! C2/L/2&/! '$/0! 0321+.A! =%'$! 8/0/2+..*!82+)+'%30+.!<3(0)+2%/&>!B31/!/23&%30+.!&(25+,/&!1+*!

@VI! ! !

! "#$%&'!`)S*!Q''A!:26'&!8'3#7'56!/2@#'8!28!3#U#3'3!=9!3'A08#6#052.!A&0@'88!253!'5'&$9)!e'&6#@2.! 8@2.'!2AA&0>)!_K!E!(KK!@7)!+%&=#3#6'!703'.8!703#/#'3!/&07!+2..#5$!'6!2.)!

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`3(1+!B/J(/0,/!&$3=&!&'+,-/)! 0321+..*682+)/)!&/J(/0,/&!=%'$!/23&%30+.!<+&/&>!B/)%1/0'+2*!5/+'(2/&!C.+1%0+'%30!+0)!,23&&! !!

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

R%0+..*7!+.'$3(8$!$&2U'.!.2$!/2@#'8!=/2/!03'!3<&/2L/)!=%'$%0!'$%&!)+'+&/'7!'$/*!$+L/!! "N@I! H0.%-/! )3=0&.34/! 1+&&! =+&'%08! )/43&%'&!C)/<2%'/&A7!'$/&/!82+L/.!5+,%/&!'/0)!'3!!V>TA>!#$/*!2/.*!30!&/)%1/0'!&3(2,%08!+0)!+<0321+..*!L%8323(&!<3''31!,(22/0'&!+0)!'$/*! +2/!3<&/2L/)!+'!+!&/%&1%,!&,+./!.3,+'/)!30.*!=%'$%0!,30'3(2%'/!,$+00/.!&*&'/1&>!!

]"!"7"! G'A-03&+-+6'25'?0)5%+<%3)/%25+G%>5?0-4+$'3%4+ #$/!82+%0!&%;/!)+'+!%0!'$%&!&'()*!&$3=&!+!=%)/!2+08/!35!)%&'2%<('%30&7!+0)!(&%08!+))%'%30+.!)+'+! C,$+4'/2!^A!'$/&/!,+0!<23+).*!!V>@NA>!:30'3(2%'/&! +2/! &//0! '3! $+L/! ,$+08%08! 82+%0! &%;/! )%&'2%<('%30&! )/4/0)%08! 30! '$/%2!1/+0! 82+%0! &%;/>! U/2*! 5%0/682+%0/)!,30'3(2%'/&!&$3=!+!.+28/!&'+0)+2)!)/L%+'%30!C4332!&32'%08A!+0)!+!0/+2!&*11/'2%,+.! )%&'2%<('%30>! #$%&! %&! &%1%.+2! '3! 4/.+8%,! +0)! $/1%4/.+8%,! &/)%1/0'! 82+%0! &%;/! )%&'2%<('%30&7! $3=/L/2!'$/!&'+0)+2)!)/L%+'%30!%&!.%-/.*!'3!! B%.'! +0)! 5%0/! &+0)6)31%0+'/)!

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

[0!2/+.%'*7!'$/2/!%&!+!,30'%0((1!!]%&'2%<('%30! %&!+.&3!&'2308.*!,30'23../)!<*!&/)%1/0'!423L/0+0,/!+0)!&31/!423,/&&/&!2/&(.'!%0!)%&'2%<('%30&! '$+'!+2/!L/2*!&%1%.+2!'3!3'$/2&>!#$/2/532/7!=/!,30,.()/!'$+'!82+%0!&%;/!4+2+1/'/2&!,+003'!!!

!

!

"#$%&'!`)(K*!Y53B7'7='&!703'.8! 0/! $&2#5!8#4'! 3#86&#=%6#05! 28! '>A'@6'3! /0&!'2@,! 3'A08#6#052.! A&0@'88! 2@6#5$! #5! 3''A!:26'&)! D5! &'2.#69a! 6,'&'! #8! 2! @056#5%%7! ='6:''5!A&0@'88'8! 253! 7#>'3! 8986'78!729!0@@%&)!Q#86&#=%6#05!#8!2.80!86&05$.9!@056&0..'3!=9!8'3#7'56!A&0U'525@')!!

@V^! ! ! ]"!"7"7 E5C%0+N%%,+^-5%0+<-23+8-*)%&+ :30'3(2%'/! )/43&%'%30! 2+2/.*! 3,,(2&! %0! %&3.+'%30>! PL/0! (0)/2! '$/! %05.(/0,/! 35! '$/! L%8323(&! Y\a!%0!'$/!9(.5!35!:+)%;7!/L%)/0,/!532!3'$/2!)/43&%'%30+.!423,/&&/&!%&!&//0!%0!'$/!&/%&1%,!+0)! &/)%1/0'!)+'+!C,$+4'/2!^A>!W/2/!=/!+&&/&&!%0'/2!!

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a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`2+;%.!CY32+/&! /'! +.>! "NNVA!+0)!'$/!R2/0,$!Y+28%0&!CB+L3*/!/'!+.>!@TTIA>!PL%)/0,/!532!%0'/2+,'%30!1+*!+.&3!!B(,$!!"NNOA>! PF+14./&! 35! &(,$! )/43&%'&! /F%&'! 5231! '$/! :3.(1<%+! :$+00/.! 355&$32/! `2+;%.! CR+(8S2/&! /'! +.>! "NN"!

@VV! ! !

"#$%&'!`)((*!W':0&;'3!6%&=#3#6'!8'3#7'568!0@@%&!:,'&'!30:58.0A'!8'3#7'56!#5/.%>!@&088'8!6,'! A26,! 0/!=06607! @%&&'568)!E,'&'! =06607! @%&&'568! 2&'! 8%//#@#'56.9! U#$0&0%8a! 8'3#7'56! A#&26#5$! 253!&':0&;#5$!0@@%&8)!"#$%&'!/&07!],257%$27!

Q'! /L/0! $%8$/2! <3''31! ,(22/0'! L/.3,%'%/&7! /23&%307! +0)! '$/! ,314./'/! 2/13L+.! +0)! 2/)%&'2%<('%30!35!%0,31%08!)3=0&.34/!&/)%1/0'!1+*!3,,(2!+&!%&!&//0!+.308!'$/!E.%3,/0/!35!'$/! Q.8+2L/!1+28%0!35!'$/!9(.5!35!:+)%;>!#$%&!=%..!!#$/!4%2+'/)!+0)!/23)/)!&/)%1/0'!=%..!! a$/2/! 30.*! '$/! 5%0/! 432'%30! 35! '$/! )3=0&.34/!&/)%1/0'!%05.(F!,+0!! B(,$!)/43&%'%30+.! /0L%2301/0'&! +2/! !!

#$/&/!1%F/)!&*&'/1&7!32!<3''31!,(22/0'!2/=32-/)!&+0)&!$+L/!!@TT_G!B$+01(8+1!"NN^G!"N@"!:32/!4$3'382+4$&!&$3=! !V>TG!V>@"!QA>!B(,$!5/+'(2/&!$+L/!+.&3!43&&%<.*! ! "NNOG! "N@@A! +.'$3(8$! '$/%2! 32%8%0!%&!&'%..!(0)/2!)%&4('/!CB$+01(8+1!"N@"+A>!#$/&/!)%55/2/0,/&!%0!5+,%/&!+2/!'$3(8$'!'3!

@> #$/!)%55/2/0'!32%8%0!30!'$/!<3''31!,(22/0'&!+55/,'%08!'$/!+2/+>!#$/!9(.5!35!Y/F%,3!%&! %05.(/0,/)!<*!+!=%0)6)2%L/0!,(22/0'!+0)!'$/2/532/!%'!)3/&!03'!423L%)/!'$/!&+1/!./L/.! 35!0('2%/0'&!'3!'$/!&/+!

@VO! ! ! '$/!&/+!&(25+,/!+0)!2+4%).*!)/&,/0)!'3!'$/!&/+!!Q&!+! 2/&(.'7!=%0)6)2%L/0!,(22/0'&!+2/!2/.+'%L/.*!0('2%/0'!4332!+0)!)3!03'!42313'/!/0$+0,/)! <%3'(2<+'%30>!#$/2/532/! #$/! 0+'(2/! 35! =%0)6)2%L/0! ,(22/0'&! =$/0! ,314+2/)! '3! '$/213$+.%0/! 8/3&'234$%,! ,(22/0'&!%&!1(,$!132/!L+2%/)!3L/2!'%1/>!#2(/!,30'3(2!,(22/0'&!+2/!J(+&%6&'/+)*!3L/2! 8/3.38%,+.!'%1/7!+0)!03'+<./!L/.3,%'*!,$+08/&!+2/!.%0-/)!'3!,.%1+'%,!,*,./&!30!'$/!32)/2! 35!@NN7NNN&!35!*/+2&>!a%0)6)2%L/0!,(22/0'&!+2/!1(,$!132/!L+2%+<./!+0)!&$32'/)!.%L/)! +&! '$/*! +2/! )/4/0)/0'!30! '$/! .3,+.! ,30'%0/0'+.! 1324$3.38*! +0)! &$32'6'/21! ,.%1+'%,! +0)!1/'/23.38%,+.!5.(,'(+'%30&G! I> #$/!%0'/24.+*!!W%8$!&/)%1/0'+'%30!2+'/&!%0! '$/! 9(.5! 35! Y/F%,3! ,305%21! '$+'! +! $(8/! L3.(1/! 35! &/)%1/0'! %&! )/.%L/2/)! L%+! '$/! Y%&&%&&%44%7!`2+;3&!+0)!M%3!92+0)/!M%L/2&!'$+'!)2+%0!'$/!Q1/2%,+0!:30'%0/0'>!#$/!9(.5! 35! :+)%;! %&! +! 1(,$! 132/! +.308&.34/6)31%0+'/)! 1+28%0>! \'$/2! /F+14./&! 5231! '$/! Q'.+0'%,! \,/+0! &$3=! '$+'! )3=0&.34/! 423,/&&/&! ,+0! !

!

"#$%&'!`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`A>!!

#$/2/532/7!,+2/!&$3(.)!!#$/!&'()*!35!,30'3(2%'/&!&+0)&!%&!+! 03L/.! +0)! 2+4%).*! /F4+0)%08! +2/+! 35! 2/&/+2,$! +0)! +! ,3../,'%L/! /5532'! +'! &(<)%L%)%08! '$/&/! )%55/2/0'!<3''31!,(22/0'!423,/&&/&!%&!*/'!'3!!!

O"7 $%&A4(,*%&,-

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

#$/!43&%'%L/!%)/0'%5%,+'%30!35!+!&/)%1/0'!5+,%/&!+&!,30'3(2%'/!2/1+%0&!/F'2/1/.*!,$+../08%08>! Y()6)31%0+'/)!,30'3(2%'/&!+2/!/+&%.*!,305(&/)!=%'$!4/.+8%,!+0)!$/1%4/.+8%,!1()&!C]+..{\.%3! /'!+.>!"N@NA7!=$/2/+&!&%.'*6!+0)!&+0)*6,30'3(2%'/&!1+*!!Q.'$3(8$! 2+2/7!/L/0!82+L/.6.+8&!5231!'$/!<3''31!35!$%8$6/0/28*!,30'3(2%'/!,$+00/.&!1+*!.33-!&%1%.+2!'3! '$3&/!35!+!)/<2%&!5.3=!+'!&/)%1/0'!&,+./>!!

Y(,$! 42382/&&! $+&! ! R+(8S2/&! /'! +.>! C@TTTA! &(11+2%&/! '$/! 1324$3.38%,+.! )%55/2/0,/&! !\0!+!/2@#'8!&,+./!$3=/L/27!,+2/5(.!/L%)/0,/!1(&'! ! #$/! '(2<%)%'/! 5+,%/&! 13)/.&! &(,$! +&! '$/! `3(1+! B/J(/0,/! &$3=!L/2*!,$+2+,'/2%&'%,!5/+'(2/&!532!'$/!%)/0'%5%,+'%30!35!'(2<(./0'7!&$32'6'/21!5.3=!3L/2!+0! +2/+7!,$+2+,'/2%&'%,+..*!=%'$!+!0321+.!82+)%08!'2/0)>!:30'3(2%'/!5+,%/&!'/0)!'3!&$3=!1(,$!132/! 82+)(+.!'2+0&%'%30&! !#$/!2/&(.'!%&!+!<%82+)+'%30+.!&/J(/0,/!CB'3=!+0)!R+(8S2/&!"NNOA>!]%55%,(.'%/&!+2%&/! =$/2/!4+2'%+.!&/J(/0,/&!+2/!42/&/0'!+0)!%'!%&!%1432'+0'!'3!+&&/&&!'$/!42/&/0,/!35!<%3'(2<+'%30! =%'$%0!+&&3,%+'/)!5%0/2682+%0/)!!W/2/7! +!0/=!&/'!35!5+,%/&!13)/.&!$+&!

@ON! ! ! +&!/+,$!5+,%/&!&$3=&!L/2*!)%55/2/0'!5/+'(2/&!CR%8>!V>TA>!#$/!(&/!35!82+%0!&%;/!4+2+1/'/2&!,+0!"6#&' 4#F%' ;#4$"#@2$#)&4' #;%&$#(#%;' ()"' ;#((%"#&>' 5")1%44%4! CR%8>! V>@NA>! W3=/L/27! ,+2/! &$3(.)!!Q<3L/!+..7!+!833)!(0)/2&'+0)%08!35! '$/!4+.+/3,/+0382+4$%,!+0)!'/,'30%,!&/'6(4!35!'$/!1+28%0!%&!%1432'+0'>!

!

! !

@O@! ! ! !

!

! ! ! ! !"#-$@$-#0#)%"*2*8)/('//)%"* ! !

$2.='+)-N?-D4-*E':F*%F*,0&)G*/0"&;*(%"#%'$)#-*&-@%/)#)%"0:*/;/#-6*

$2.='+)-O?-,40$0(#-$)/)"1*(%"#%'$)#-*/0"&/*

$2.='+)-P?-$%&'%()*'+-A%&')%4,-.&/-,+S(+&A+-,').'*;).=2<-

$2.='+)-Q?-,%"#%'$)#-*$-/-$B%)$*@%#-"#)0:*0"&*-(%"%6)(*)6@%$#0"(-!!

*

-

-

-

@O"! ! ! I *%"#%'$)#+,*%"#$%8.,/"&,6++?, A/#+$,:+B'+"(+,:#$/#)0$/?39,,* !

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`/.3=7! '$/! .+28/6&,+./! )/43&%'%30+.! ,30'23.&!35!,30'3(2%'/!&/)%1/0'+'%30!+2/!)%&,(&&/)!+0)!+!0/=!&/J(/0,/!&'2+'%82+4$%,!13)/.! 42343&/)>!#$/!1+%0!+%1!35!'$%&!13)/.!%&!'3!+..3=!532!5('(2/!42/)%,'%30!35!,30'3(2%'/!&+0)&!%0! '$/!&(<&(25+,/7!+&!=%..!!#$/!!C"N@@A! 9/36[6"#&%' m%$$%"4' 565%"' &6:%;' +10560%'8!:#6,#5! 2! 3''AB :26'&!8'\%'5@'!86&26#$&2A,#@!/&27':0&;9'<055%&;#N'HWB'!

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a%61*':);%7'#4'D24$#(#6@7%'#5! 6,'!@056'>6!#5!:,#@,!#6!:28!A&0A08'3!+0)!1+*!423L%)/!'$/!34'%1(1!+4423+,$!(0)/2!'$/!2%8$'! 1#"12:4$6&1%4Bb!

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

@OI! ! ! :+1/2./08$%!C"NNOAA>!#$/&/!)//4!=+'/2!&*&'/1&7!/&4/,%+..*!+.308!,30'%0/0'+.!1+28%0&!=$/2/! 1+0*!35!'$/!,30'3(2%'/&!+2/!53(0)7!+2/!,(22/0'.*!5230'%/2!+2/+&!532!$*)23,+2<30!/F4.32+'%30! +0)!423)(,'%30!CB'3=!+0)!Y+*+..!"NNNG!W+(8$'30!+0)!g/0)+..!"NNTG!Z%/.&/0!/'!+.>!"N@@A>!#$/! %0'/82+'%30!35!,30'3(2%'/!)/43&%'%30+.!&*&'/1&!C:]BA!=%'$!)3=0&.34/!&*&'/1&!%&!35!4+2+13(0'! %1432'+0,/!%0!'$%&!,30'/F'>! a$/2/+&!%0)%L%)(+.!)2%5'&!$+L/!8>!c.+L/!/'!+.>!C"N@@A7!+0)!&/+!./L/.!$+&!8>! R+(8S2/&! +0)! B'3=!C"NNOA7! 03! 8/0/2+..*! +44.%,+<./! &/J(/0,/! &'2+'%82+4$%,!13)/.!$+&!*/'!!#$/!423<./1!%&!%0)//)!,$+../08%08!!`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

#$/! 42%0,%4+.! +%1&! 35! '$%&! =32-7! '$/2/532/7! +2/?! @A! #3! ,30&%)/2! '$/! 2+08/! 35! ,30'23.&! '$+'! %05.(/0,/! ,30'3(2%'/! )2%5'! )/L/.341/0'! +0)! <3''31! ,(22/0'! /23&%30! %0! )//4! =+'/2G! "A! #3! ,30&%)/2!&4/,%5%,+..*!'$/!23./!35!&/+!./L/.!L+2%+'%30!%0!'$%&!2/8+2)G!+0)!IA!#3!)/L/.34!+!0/=!)//4! =+'/2! 13)/.! '$+'! 4.+,/&!'$/! ,30'3(2%'/! )/43&%'%30+.! &*&'/1! =%'$%0! +! &/J(/0,/! &'2+'%82+4$%,! 52+1/=32->!!

P"# 0+S(+&A+-0').'*;).=2

B/J(/0,/!&'2+'%82+4$*!,+0!!@TVVA>!['!82/=!3('!35!'$/!&(<&(25+,/! +0+.*&%&!35!,30'%0/0'+.!1+28%0&!<*!3%.!/F4.32+'%30%&'&!(&%08!&/%&1%,!4235%.%08!+0)!)//4!<32/$3./! '/,$0%J(/&7!+0)!$+&!03=!!@TVVG!W+J! /'! +.>! @TOVG! E3&+1/0'%/2!/'! +.>! @TOOG! E3&+1/0'%/2!+0)! U+%.! @TOOG! @TT@G! U+0! a+830/2! /'! +.>! @TOOG!P1/2*!+0)!Y*/2&!@TT^G!:+'(0/+0(!"NN^A>!!

[0)%L%)(+.!(0%'&!2/,380%&+<./!30!&/%&1%,!4235%./&!+2/!-03=0!+&!)/43&%'%30+.!&/J(/0,/&>!#$/&/! +2/! <3(0)/)! <*! )%&'%0,'%L/! (0,305321%'*! &(25+,/&! C#*4/! @! 32! "A! +0)! ,3142%&/! +0! %0'/20+.! +22+08/1/0'!35!&(<6(0%'&!C32!&*&'/1&!'2+,'&A7!=$%,$!+2/!+&&3,%+'/)!'3!4+2'%,(.+2!L+2%+'%30&!%0!

@OK! ! ! &/+! ./L/.>! \0/! 35! '$/! <+&%,! '/0/'&! 35! &/J(/0,/! &'2+'%82+4$*! %&! '$+'! &/+! ./L/.! +,'&! +&! +! 5(0)+1/0'+.! ,30'23.! 30! 1+28%0! &/)%1/0'+'%30! <*! %05.(/0,%08! '$/! )/.%,+'/! <+.+0,/! ![0)%L%)(+.!&*&'/1&!'2+,'&! 2/&(.'!5231!'$/!,$+08%08!2/.+'%30&$%4!!

#$/!13&'!=%)/.*!(&/)!&/J(/0,/!&'2+'%82+4$%,!13)/.!%&!%..(&'2+'/)!%0!R%8>!O>@>!Q'!'$/!<+&/7!'$/! &/J(/0,/! <3(0)+2*! 2/42/&/0'&! +! &(25+,/! +.308! =$%,$! &%80%5%,+0'! /23&%30! +0)l32! +! $%+'(&! %0! &/)%1/0'+'%30!3,,(22/)>!#$%&!,+0!2/&(.'!5231!+!)2+1+'%,!)234!%0!/(&'+'%,!&/+!./L/.7!,+(&%08!'$/! ,30'%0/0'+.! &$/.5! '3! ! #$/! &(<&/J(/0'! .3=&'+0)! &*&'/1&! '2+,'! Cc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

!

"#$%&'! V)(! M28#@! 8'\%'5@'! 86&26#$&2A,#@! 703'.! /0&! 2! @056#5'562.! 72&$#5! 8'\%'5@'! 2&@,#6'@6%&'! :,'&'! &#$,6! #8! =28#5:2&38)! +,'! /#$%&'! 8,0:8! 6,'! LB/0.3! 8986'78! 6&2@68! 703'.! :,'&'! Z]+N.0:86253a! +]+N6&258$&'88#U'! 253! H]+N,#$,86253)! D7A0&6256! =0%53#5$! 8%&/2@'8! 2&'*! ]MN8'\%'5@'! =0%532&9a! +]N6&258$&'88#U'!8%&/2@'a!F"]N72>#7%7!/.003#5$!8%&/2@')!D7A0&6256!@07A05'568!0/!6,'!Z]+!2&'*!=28#5B /.00&!/25!253!8.0A'!/25)!F086!=28#5!8'3#7'5626#05!0@@%&8!3%$!6,'!Z]+)!"#$%&'!#8!8@,'726#@!253!506!60! 8@2.'!=%6!2AA&0>#726'.9!(K8B(KK8!;7!2@&088!253!(KK7E/':!;7!3''A)!F03#/#'3!/&07!H2\!'6!2.)!<(SVV?)!! @O_! ! ! a$%./!'$%&!13)/.!2/5./,'&!+!&%14.%5%/)!2/&430&/!'3!/(&'+'%,!&/+!./L/.!L+2%+'%30!+0)!42/&/0'&!+! &,$/1+'%,! &/)%1/0'+2*! +2,$%'/,'(2/! 532! &%.%,%,.+&'%,! &*&'/1&7! '$/! 2/+.%'*! 30! 1+0*! ,30'%0/0'+.! 1+28%0&!%&!132/!,314./F!CE3&+1/0'%/2!+0)!h+1/&!"NNTA>!g/*!%&&(/&!%0,.()/?!!

! :+2<30+'/6)31%0+'/)! &*&'/1&! ! Y%F/)! &%.%,%6<%3,.+&'%,! &*&'/1&! 42/&/0'! +! 5(2'$/2! ,$+../08/! 532! %0'/242/'+'%30>!! ! B*0&/)%1/0'+2*! '/,'30%,! +,'%L%'*! ,+0! &%80%5%,+0'.*! +55/,'! +,,3113)+'%30! &4+,/7! &/)%1/0'! &(44.*7! 32! <3'$>! [0! &31/! ,+&/&! '$%&! ,+0! ,314./'/.*! 1+&-! &/+! ./L/.! /55/,'&! C`2%)8/!+0)!]/1%,3!"NNOAB'C*%"%()"%'+"%76$#?%'4%6'7%?%79'#4'6':)"%'6112"6$%'$%":'$)'@%' (&/)!=$/0!)%&,(&&%08!,30'%0/0'+.!1+28%0!&/)%1/0'+2*!+2,$%'/,'(2/>!! ! #$/!42/&/0,/!35!%,/!+.308!+!1+28%0!,+0!&%80%5%,+0'.*!+.'/2!'$/!&/)%1/0'+2*!+2,$%'/,'(2/! CE3=/..!+0)!:334/2!"NN"A>! ! [0!2/+.%'*7!'$/!.3=&'+0)!=/)8/!+0)!42382+)%08!$%8$&'+0)!&*&'/1&!'2+,'!2+2/.*!)3=0.+4! 30'3! '$/! )//4! =+'/2! /./1/0'&7! +&! )/130&'2+'/)! <*! W+(8$'30! +0)! g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

@O^! ! ! P"! $%&')%4,-%&-8++=-V.'+)-0+/*@+&'.'*%&--

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

[0'/20+.! ,30'23.&! ,+0! ! #$/&/! %0,.()/?! @A! #/,'30%,!+,'%L%'*!G!%&3&'+'%,!13L/1/0'&7!&(<&%)/0,/!+0)!(4.%5'7!4.+'/!'/,'30%,!&/''%087!&/%&1%,%'*! +0)!L3.,+0%,%'*G!"A!c3,+.!4$*&%,+.7!<%3.38%,+.!+0)!,$/1%,+.!423,/&&/&!G!'$/!0+'(2/!+0)!%0'/0&%'*! 35!!<3''31!,(22/0'&7!+0)!'$/!)/82//!35!%0'/2+,'%30!=%'$!3'$/2!423,/&&/&G!IA!E3&'6)/43&%'%30+.! 423,/&&/&!G!,314+,'%307!)/5321+'%307!<%38/0%,!+0)!,$/138/0%,!/55/,'&7!+1308&'!3'$/2&G!+0)! KA! M/8%30+.! <+'$*1/'2*! G! =+'/2! )/4'$7! &.34/! 82+)%/0'! +0)! &/+5.332! %22/8(.+2%'*G>! #$/&/! (.'%1+'/.*! %05.(/0,/! '$/! +L+%.+<./! +,,3113)+'%30! &4+,/! G! ,30'23..%08! 42382+)+'%30! +0)l32! +882+)+'%30>!!

#$/! 2+'/&! +0)! ./08'$! 35! '%1/! 3L/2! =$%,$! '$/! ,30'23..%08! 423,/&&/&! 34/2+'/! %&! +.&3! 35! L%'+.! %1432'+0,/>!R32!/F+14./7!&/)%1/0'!&(44.*7!+0)!$/0,/!+,,(1(.+'%30!2+'/&7!,+0!!#$/&/!L+2%3(&!,30'23.&!$+L/!!!

[0! 32)/2! '3! &%14.%5*! 3(2! (0)/2&'+0)%08! 35! '$%&! ,314./F! %0'/24.+*! 35! ,30'23.&7! ,30L/0'%30+.! &/J(/0,/! &'2+'%82+4$%,!13)/.&! +&&(1/! '=3! 42%1+2*!,30'23.&G! &/)%1/0'! &(44.*!+0)! &/+! ./L/.! L+2%+'%30>!Y*/2&!+0)!Y%.'30!C@TT^A!$+L/!132/!2/,/0'.*!/F42/&&/)!'$%&!+&!&/)%1/0'!&(44.*!+0)! +,,3113)+'%30! &4+,/! C=$/2/! +,,3113)+'%30! &4+,/! %&! +! 5(0,'%30! 35! /(&'+'%,! &/+! ./L/.7! '/,'30%,&!+0)!,314+,'%30A!+&!&$3=0!%0!R%8(2/!O>">!#$/!<+.+0,/!!O>@A>!!

P"7 $%&')%4,-%&-$%&'%()*'+,-

E2/L%3(&! +''/14'&! '3! (0)/2&'+0)! '$/! ,30'23.&! 30! ,30'3(2%'/! )/L/.341/0'! $+L/! ,./+2.*! /14$+&%&/)!'$/!0(1/23(&!%0'/2.%0-/)!5+,'32&!.%&'/)!+<3L/!CR+(8S2/&!+0)!B'3=!@TTIG!U%+0+!/'! +.>!!@TTOG!!R+(8S2/&!!/'!!+.!>!@TTTG!!B$+0030!!/'!+.>!"NN_G!]%/;!/'!+.>!"NNOA>!#$/&/!,+0!

@OV! ! !

!

"#$%&'!V)J*!+,'!@056&0.8!05!30:58.0A'!U8)!2.05$8.0A'!3'A08#6#052.!8986'78)!

%0'3! 6:0! AH&9! @056&0.8! 532! ,30'3(2%'/! &/)%1/0'+'%30?! <3''31! ,(22/0'! %0'/0&%'*! +0)! %'&! L+2%+'%307! +0)! &/)%1/0'! &(44.*! CR%8>! O>"A>! H0.%-/! 532! 0/+26&$32/! )/43&%'%30+.! &*&'/1&7! +,,3113)+'%30! &4+,/! %&! +! ./&&! &%80%5%,+0'! 5+,'32! C/F,/4'! %0! '$/! ,+&/! 35! &$+..3=! =+'/2! ,30'3(2%'/&A>!B/+!./L/.!+55/,'&!'$/!&*&'/1!<*!%05.(/0,%08!<3''31!,(22/0'!%0'/0&%'*!+0)!&/)%1/0'! &(44.*7!+&!)%&,(&&/)!!!

R"4"# ?&..&:,5611%/.,S+1)+.)&/8, ['!$+&!.308!! "NNOG!"NNTA>!`3''31!,(22/0'!L/.3,%'%/&!,30'23.!'$/!5+,%/&!+0)!! ]2%5'! )/L/.341/0'! 2/J(%2/&! <3''31! ,(22/0'&! '3! ! Y/+0! ,(22/0'! L/.3,%'%/&!1(&'!@!1&6@!'3!+..3=!532!&%80%5%,+0'!2/6=32-%087!'2+0&432'+'%30! +0)! )/43&%'%30! 35! ,30'3(2%'/&7! =$/2/+&! 0306)/43&%'%30! +0)! &/+5.332! /23&%30! _!1&6@!CB'3=!/'!+.>!"NNTA>!c3086'/21!5.(,'(+'%30&!%0!<3''31!,(22/0'&! ./+)!'3!+0!+44+2/0'!,*,.%,%'*!35!&/%&1%,!5+,%/&!5231!=$%,$!4+.+/3,/+0382+4$%,!%05321+'%30!1+*! !!

#$/!,+(&/!35!'$/&/!5.(,'(+'%30&!%&!&'%..!+!1+b32!'34%,!35!)/<+'/!+0)!3083%08!2/&/+2,$G!$3=/L/27! 8/0/2+.!,30&/0&(&!=3(.)!%)/0'%5*!'$/!L/2*!%1432'+0'!/55/,'&!35!C+A!3,/+0%,!8+'/=+*&7!+0)!C!#$/2/!%&!+! ,30&%)/2+<./! <3)*! 35! 2/&/+2,$! '$+'! &//-&! '3! /F4.+%0! &$32'6'/21! C/>8>! )/,+)+.A! L+2%+'%30! %0! 3,/+0! ,%2,(.+'%307! /&4/,%+..*! 53..3=%08! '$/! 4+4/2! <*! `2*)/0! /'! +.>! C"NN_A! 30! '$/! &.3=%08! 35! 1/2%)%30+.!3L/2'(20%08!,%2,(.+'%30!%0!'$/!Z32'$!Q'.+0'%,!.%0-/)!'3!,.%1+'/!,$+08/>!#$/2/!%&!+.&3! +! ,30&%)/2+<./! <3)*! 35! 4+.+/3,/+0382+4$%,! .%'/2+'(2/! 30! ,.%1+'/! ,$+08/! +0)! ,%2,(.+'%30! 4+''/20&! 3L/2! '$/! 2/,/0'! 8.+,%+.6%0'/28.+,%+.! ,*,./&! CM+$1&'325! "NN"A>! W3=/L/27! '3! 3(2! -03=./)8/!'$/2/!$+&!

@OO! ! ! ,$+08/! C`+,307! 4/2&>! ,311>! "N@NG! E%3.+7! 4/2&>! ,311>! "N@@A>! #$/! '$/32/'%,+.! ,30&%)/2+'%30&! 42/&/0'/)!!#$%&!%&!+0!%1432'+0'!&'/4! %0!(0)/2&'+0)%08!'$/!.%0-!!!

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

Z"7"#"! K'55'/+^-5%0+T)5*C%2+6'23)5)'2&+ #$/!8.3<+.!'$/213$+.%0/!,%2,(.+'%30!&*&'/1!%&!5/)!<*!'$/!,30'%0(/)!+0)!+<(0)+0'!8/0/2+'%30! 35! ,3.)! &+.%0/! <3''31! =+'/2&! %0! &4/,%5%,! ,3.)6=+'/2! -%',$/0&! +'! $%8$! .+'%'()/&7! %0,.()%08! '$/! Z32=/8%+0692//0.+0)!B/+7!c+<2+)32!B/+7!`/2%08!B/+7!a/))/..!B/+!+0)!3'$/2!.3,+'%30&!+23(0)! Q0'+2,'%,+! CM+$1&'325! "NN^A>! P14%2%,+.! )%55/2/0,/&! $+L/! !Q))%'%30+.!%0'/21/)%+'/!=+'/2&!+2/!5321/)!%0!1+28%0+.!<+&%0&!&(,$! +&! '$/! Y/)%'/22+0/+0! B/+>! #$%&! %&! '$3(8$'! '3! !!

#$/!P0&6,'&5!H'7#8A,'&'!)//4!=+'/2!-%',$/0&!%0!'$/!Q2,'%,!2/8%30&!&$3=!$%8$!2+'/&!35!<3''31! =+'/2! 8/0/2+'%30! +0)! +,,/./2+'/)! 3L/2'(20%08! %0! '$/! Z32'$! Q'.+0'%,! )(2%08! %0'/28.+,%+.&! +0)! +&&3,%+'/)! $%8$&'+0)&! CM+$1&'325! "NN"G! E%3'23=&-%! /'! +.>! "NNKG! c*0,$6B'%/8.%';! /'! +.>! "NNVG! g0(';! "NNOA>! #$/! 53..3=%08! 1/,$+0%&1! %&! $/2/! 42343&/)>! :33.%08! 35! &(25+,/! =+'/2&! %&! 13&'! /55/,'%L/!=$/2/!%'!3,,(2&!3L/2!<23+)!&$/.5!+2/+&7!<3'$!=%'$!+0)!=%'$3('!5.3+'%08!%,/!&$/.L/&7!+'! 4/2%3)&!!35!!2/.+'%L/!!$%8$!!&/+!!./L/.7!+0)!'$/!$/+'6/F,$+08/!)*0+1%,&!

@OT! ! !

!

"#$%&'!V)L*!+,'!'//'@68!0/!@,25$#5$!8'2.B.'U'.!05!6,'!'>@,25$'!0/!:26'&!7288'8!6,&0%$,!0@'25#@! $26':298)!MEN=06607!:26'&O!FEN7#33.'!:26'&O!]EN8%&/2@'!:26'&)!

&$/.5! +0)! 3,/+0! &(25+,/! +2/! 4+2'%,(.+2.*! /55/,'%L/>! #$/! ,30&/J(/0'! +,'%L/! 8/0/2+'%30!35! ,3.)! )/0&/!=+'/2!./+)&!'3!L%8323(&!3L/2'(207!3556&$/.5!&4%..3L/2!+0)!)3=0&.34/!5.3=!35!'$/!)/0&/! <3''31!=+'/2!CR%8>!O>K+A>!a$/2/!'$%&!2/+,$/&!%'&!)/0&%'*!/J(%.%<2%(17!'$/!,+&,+)%08!=+'/2!1+&&! '(20&! +.308&.34/! (0)/2! '$/! %05.(/0,/!35! :32%3.%&! R32,/&! +0)! 423,//)&! +=+*! 5231! '$/!&3(2,/! +2/+!$(88%08!'$/!<3''31!,30'3(2&>!B.%8$'.*!=+21/2!=+'/2&!+2/!'$/0!)2+=0!3L/2!'$/!&$/.5!'3! 2/4.+,/!'$3&/!.3&'!'3!,3.)!=+'/2!8/0/2+'%307!+0)!'$/!423,/&&!,30'%0(/&>!!

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

@TN! ! ! '$/!13)/.!&(88/&'&>!R32!/F+14./7!'$/!8/0/2+'%30!35!Q2,'%,![0'/21/)%+'/!a+'/2!1+*!&$3=!+0! %0,2/+&/!)(2%08!,3.)6,.%1+'/!.3=&'+0)&!)(/!'3!<2%0/!%0b/,'%30>!#$/2/!+2/!+.&3!/F4/,'/)!,$+08/&! +0)!%0'/22(4'%30&!'3!1/2%)%30+.!3L/2'(20%08!,+(&/)!<*!&$32'6'/21!,.%1+'%,!/L/0'&!Cc.+L/!/'!+.>! "NN^G!M38/2&30!/'!+.>!"N@"A>!!

R32! '$/! ]0%6,'&5! H'7#8A,'&'! '$/2/! %&! /L/0! ./&&! (0/J(%L3,+.! /L%)/0,/! 532! '$/! .%0-! ! #$/2/! %&! ,/2'+%0.*! /L%)/0,/! 35! +0! /F4+0)/)! %05.(/0,/! 35! Q0'+2,'%,! `3''31! a+'/2! %0'3! '$/! Q'.+0'%,! )(2%08! 8.+,%+.! '%1/&! +0)! .3=/2/)!&/+!./L/.7!<('!./&&!)%2/,'!/L%)/0,/!532!%0,2/+&/)!<3''31!,(22/0'!L/.3,%'*!CY,:+L/!/'!+.>!

!

"#$%&'! V)[*! +,'! '//'@6! 0/! 8'2! .'U'.! 05! 6,'! $'5'&26#05! 0/! =06607! :26'&)! C)! H#$,B.26#6%3'! @0.3! :26'&!;#6@,'58a!8'2!.'U'.!,#$,86253)!M)!H#$,B.26#6%3'[email protected]!:26'&!;#6@,'58a!8'2!.'U'.!.0:86253)!1)! Z0:B.26#6%3'!:2&7!:26'&!;#6@,'58a!8'2!.'U'.!,#$,86253)!Q)!Z0:B.26#6%3'!:2&7!:26'&!;#6@,'58a! 8'2!.'U'.!.0:86253)!

@T@! ! ! @TT_G!\2&%!/'!+.>!@TTTG!B,$1%''0/2!"NNIG!PE[:Q!:311(0%'*!Y/1!"N@NA>! ['! %&! J(%'/! 43&&%<./! '$+'! '$%&! /F4+0)/)! %05.(/0,/! %&! .+28/.*! '$/! 2/&(.'! 35! '$/! %05%..%08! 35! '$/! +611)::);6$#)&' 4561%9' 7%($' @8' "%;21%;' >%&%"6$#)&' )(' -)"$*%"&' q%:#45*%"%' ;%%5' !6$%"4B' #$/2/! %&! !!

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a%'$!,3.)/2!=+'/2!+0)!+!82/+'/2!./L/.!35!52//;%08!'3!5321!&/+!%,/7! '$/2/! %&! 43'/0'%+.! 532! %0,2/+&/)! <3''31! =+'/2! 8/0/2+'%30! )(2%08! 8.+,%+.! 4/2%3)&>! #$%&! =3(.)! &(4432'!'$/!%05/2/0,/&!35!$%8$/2!<3''31!,(22/0'!L/.3,%'%/&!! "NN@G! :+2'/2! /'! +.>! "NNKA7! +0)! +.308! '$/! Q28/0'%0/!1+28%0!CW/20X0)/;6Y3.%0+!/'!+.>!"NNTG!"N@NA>!

<@?! E2&7B:26'&! ;#6@,'5! '//'@68! CR%8>! O>K! ,G! )A>! #$/! 42%0,%4+.! =+216=+'/2! -%',$/0! 532! %0'/21/)%+'/l)//4!&+.%0/!=+'/2!'3)+*!%&!53(0)!%0!'$/!Y/)%'/22+0/+0!B/+>!#$%&!(.'%1+'/.*!8%L/&! 2%&/! '3! '$/! Y/)%'/22+0/+0! \L/25.3=! a+'/2! CY\aA7! =$%,$! /&,+4/&! '$23(8$! '$/! 9%<2+.'+2! 9+'/=+*!%0'3!'$/!Z32'$!Q'.+0'%,!\,/+0>!](2%08!42/L%3(&!92//0$3(&/!,30)%'%30&!30!'$/!4.+0/'7! &(,$!=+216=+'/2!-%',$/0&!35!'$/!8/3.38%,+.!4+&'!=3(.)!$+L/!!

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

@T"! ! ! Q'! .3=! 2/.+'%L/! &/+! ./L/.! &'+0)&! CR%8>! O>K)A! '$/! &$/.5! 1+*! !W/+'!/F,$+08/!&'%..!3,,(2&!! a$/2/+&!'$%&!42343&/)!13)/.!,+0!!Q,,32)%08!'3!M3$.%08!+0)!f+,$+2%+&&/!C@TTTA7! '$/!M/)!B/+!\('5.3=!=+&!&/L/2/.*!2/)(,/)!)(2%08!'$/!.+&'!8.+,%+.!1+F%1(1!C+0)!.3=/2/)!&/+! ./L/.A>! W3=/L/27! 532! '$/!Y/)%'/22+0/+07! :+,$3! /'! +.>! C"NNNA! &//! /L%)/0,/! 532! /0$+0,/)! 3L/2'(20%08!2+'/&!)(2%08!'$/!.+&'!.3=&'+0)7!=$%./!&/L/2+.!+('$32&!=32-%08!%0!'$/!9(.5!35!:+)%;! &//! +! )/0&/2! %0,2/+&/)! <3''31! ,(22/0'! 5.3=! 35! '$/! .3=/2! &'2+0)! 35! '$/! Y\a! CW/20X0)/;6 Y3.%0+!/'!+.>!"NN^G!B,$1%/).!/'!+.>!"N@NG!#3(,+00/!/'!+.>!"NNVG!U3/.-/2!/'!+.>!"NN^A>!#$/!(44/2! &'2+0)7!<*!,30'2+&'7!+44/+2&!'3!$+L/!$%8$/2!L/.3,%'%/&!)(2%08!=+216=+'/2!$%8$&'+0)&!CB'3=!/'! +.>! "NN"! #$%&! <3''31! =+'/2! 8/0/2+'%30! 1/,$+0%&1! %&! '$/2/532/! $%8$.*! &/0&%'%L/! '3! .3,+.! ,.%1+'%,!,30)%'%30&!'$+'!,30'23.!2(0!355!+0)!$/0,/!<3''31!=+'/2!1+&&!&+.%0%'*>!!

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

#$/!%05.(/0,/!35!&/+!./L/.!30!'$/&/!)%55/2/0'!&/)%1/0'!&3(2,/&!%&!03'!/+&*!'3!+&,/2'+%0!+0)!%&! 03'! /L/2*=$/2/! '$/! &+1/>! Q&! 2/,380%&/)! %0! ,30L/0'%30+.! &/J(/0,/! &'2+'%82+4$%,! 13)/.&! 532! &%.%,%,.+&'%,!&*&'/1&7!)//4!=+'/2!,.+&'%,!&/)%1/0'+2*!&*&'/1&!+2/!/0$+0,/)!)(2%08!&/+!./L/.!5+..! +0)!.3=&'+0)!4/2%3)&!CMB#!+0)!cB#A!30!+,,3(0'!35!+0!%0,2/+&/!%0!,.+&'%,!&/)%1/0'!%05.(F!'3!'$/! )//4/2! <+&%0&>! #$%&! %&! )(/! '3! /0$+0,/)! /23&%30! 35! '$/! &$/.57! )%2/,'! &/)%1/0'! &(44.*! '3! '$/! &$/.56/)8/l(44/2! &.34/7! %0,2/+&/)! +,'%L%'*! 35! )3=0&.34/! 423,/&&/&! +0)! %0,2/+&/)! &/)%1/0'! <*4+&&! 35! '$/! &.34/>! Q.'$3(8$! 132/! 1+'/2%+.! %&! '$/2/532/! .%-/.*! '3! !@TTTG!R(.'$324/!/'!+.>!"N@NA>!

@TI! ! ! \0!'$/!3'$/2!$+0)7!)(2%08!'%1/&!35!$%8$!2/.+'%L/!&/+!./L/.7!,.+&'%,!&/)%1/0'!%&!132/!.%-/.*!'3! !W3=/L/27!.+28/!2%L/2&!=%..!&'%..!5//)!4236)/.'+!4.(1/&!+,23&&! '$/! &$/.57! /&4/,%+..*! %0! '$/! ,+&/! 35! 0+223=! &$/.L/&7! +0)! ,30'2%<('/! '3! &31/! )/82//! 35! $/1%4/.+8%,!&/)%1/0'+'%30>!\556&$/.5!&/)%1/0'!&4%..3L/2!423,/&&/&!=%..!!@TTOG!B'3=!/'!+.>! "NN"+A>! ['! &$3(.)! ! :.%1+'/! +0)! .3,+.! '/,'30%,&! +2/! +))%'%30+.! ,30,/20&>!

P"> -0+S(+&A+-0').'*;).=2<-%5-8)*5',?-$.,+-0'(/*+,--

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

!

!

@TK! ! !

:WRV;! JO;IW( ;RUI(\V(U\-;( ;RUI(\V(ZR_ZI-;( ;RUI(\V(_WIO;I-;(!\G;\`WR;I(-I:RUIG;(( *5672! UO--BI-D( QR_\W\`-(LJ(QIE\!R;a( -I:RUIG;(RGVE`b( O!!`U`EO;R\G( OG;OW!;R!(SIGRG-`EO(:WRV;-( QQ`aG! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! c+'/!Y%3,/0/!E\J-;OG:! J! Q::`a! OW_IG;RGI(LO-RG(IE\G_O;I( QQ`a! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! c+'/!\.%83,/0/6P+2.*!Y%3,/0/!E\J-;OG:! J! U\`G:I:( LOETI(LOZOUO(\`;IW(WR:_I( ZQ]a! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! E.%3,/0/!;WOG-_WI--R\G!+0)!ZR_Z-;OG:! (! LOWWO(VOG(:WRV;( ZQ]aG! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! W3.3,/0/!;WOG-_WI--R\G!+0)!ZR_Z-;OG:! (! c]a! !OG;IWL`Wa(LO-RG(:WRV;-( B:! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)|! Y%)6c+'/!Y%3,/0/!E\J-;OG:! J! !I`;O(:WRV;( YH! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! D(+'/20+2*!E\J-;OG:!! J! @T_

! !ZO;ZOU(;IWWO!I(:WRV;( QQ`a! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! Y+&-/)!<*!.3,+.!'/,'30%,!+,'%L%'*! J! ! !\-U\GO`;(-IO((UOW_RG(:WRV;-( QQ`a! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! Y%)6c+'/!Y%3,/0/!E\J-;OG:! J! IRWRT(:WRV;( ZQ]a! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! E.%3,/0/!;WOG-_WI--R\G!+0)!ZR_Z-;OG:! (! VOW\=OEL`VIRWO(:WRV;( Y\a! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! E.%36E./%&'3,/0/!E\J-;OG:&! J! VIGR(:WRV;( ZB\aG! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! Y%)6!c+'/!E./%&'3,/0/!E\J-;OG:(! J! c]a! ZO;;\G(:WRV;( ZQ]a! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! E.%36D(+'/20+2*!;WOG-_WI--R\G!+0)! (! WI_WI--R\G&! E\V\;IG(:WRV;( Q[a! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! D(+'/20+2*!E\J-;OG:&! 5k2! GI(W\!TOEE(;W\`_Z(:WRV;( ZQ]aG! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! H0-03=0!! (! ZB\aG!

! ""T! ! !

c]a! GaT(:WRV;( Q[a! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! D(+'/20+2*!ZR_Z-;OG:&! (! `SSIW(-E\SI(!OUS\-(LO-RG( `:! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! E2/&/0'!ZR_Z-;OG:! (! :WRV;-( QIUO(!\G;\`WR;I(VOG( QQ`a! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! ;WOG-_WI--RQI!+0)!ZR_Z-;OG:||! 5k2! QI-;IWcEIG(:WRV;( Q[a! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! D(+'/20+2*!E\J-;OG:&! 5k2! JI-;(-ZI;EOG:(:WRV;-( [B\a! [0'/28.+,%+.!$%8$&'+0)! 9.+,%+.!.3=&'+0)! !Z/36D(+'/20+2*!;WOG-_WI--R\G!+0)! (! ZR_Z-;OG:&! JRETI-(EOG:(:WRV;-( QQ`a! 9.+,%+.!.3=&'+0)! 9.+,%+.!.3=&'+0)! Z/36D(+'/20+2*!!E\J-;OG:&! J! !

@T^ +2=.'!V)(*!]%772&9!0/!3&#/68!%8'3!60!@&'26'!2!&'U#8'3!8'\%'5@'!86&26#$&2A,9!703'.!6,26!#5@0&A0&26'8!2.05$8.0A'!3'A08#68)!CCMENC562&@6#@!M06607!E26'&O! ! ! C11MEN!C562&@6#@!1#&@%7A0.2&!M06607!E26'&O!CDENC562&@6#@!D56'&7'3#26'!E26'&O!M1N!M&24#.!1%&&'56O!D]GEN!D@'.253B],'6.253!GU'&/.0:!E26'&O!ZQENZ0:'&! Q''A! E26'&O! FGEN! F'3#6'&&25'25! GU'&/.0:! E26'&O! FbN! F'3#6'&&25'25! b53'&@%&&'56O! PCQEN! P0&6,! C6.256#@! Q''A! E26'&O! P]GEN! P0&:'$#25! ]'2! GU'&/.0:!E26'&O!EM1N!E'86'&5!M0%532&9!1%&&'56O!o!CPQ!.0:!&'.26#U'!8'2!.'U'.!&'8%.6#5$!/&07!%A.#/6)!Z0@2.!%A.#/6!,28!50:!&'8%.6'3!#5!6,'!30:58.0A'!8'3#7'56! :/'#7$($4<+ G6#;)'($4@+ %.(*+ 6#$%#&'(%)+ *3*%)0L+ MMN#)*$<%+ 5(%+ 7(%.+ 0#/)-+ /&)+ %#+ &$&*&,--3+ .(4.+ )'#*(#$+ #5+ 6#$%#%'! 8'3#7'568! 0@@%&$! 3%$! .0:86253!)! D5/0&726#05!@07A#.'3!/&07*!]60:!253!H0.=&00;!<(SV[?O!W0=#5805!253!F@12U'!<(SS[?O!Z2='&$!'6!2.)!

! "IN! ! !

!

"#$%&'!V)_*!T@#A2.!=06607!:26'&!@#&@%.26#05!6&'538!<2&&0:8?!2&0%53!6,'!C6.256#@!@056#5'562.! 72&$#58)!M06607!:26'&!80%&@'!;#6@,'58!2&'!,#$,.#$,6'3!#5!$&''5*!6,'!.0:B.26#6%3'[email protected];#6@,'58! #5!6,'!C&@6#@!253!E'33'..!8'28!253!6,'!:2&7!:26'&!;#6@,'5!#5!6,'!F'3#6'&&25'25)!F2#5!:26'&! 7288'8! 2&'! P0&6,! C6.256#@! 3''A! :26'&! 6O!(?!C562&@6#@!T'5#58%.2!3&#/68O!J?!C&$'56#5'!M28#5!3&#/68O!L?!Y#&#;!Q&#/6O![?!-%./!0/!123#4!3&#/68!

Z":"#"# Q'*-5)'2+-23+<%55)21+ #=/.L/!)2%5'&!$+L/!! #$/*! $+L/! !O>_A>!#$%&!,(22/0'!5.3=&!,3(0'/2!'3!'$/! /+&'=+2)! 5.3=%08! Q0'+2,'%,! :%2,(143.+2! :(22/0'>! Q&! +! 2/&(.'7! '$/! /L3.('%30! 35! '$/&/! )2%5'&! %&! ,.3&/.*!2/.+'/)!'3!'$/!4+.+/3,/+0382+4$*!35!'$/!Q0'+2,'%,!2/8%30!+0)!'$/!34/0%08!35!'$/!]2+-/! E+&&+8/>!#$/!13&'!'$323(8$.*!2/&/+2,$/)!30/!35!'$/&/7!]2%5'!V!CM/!@TTVG!"NN"G!U+0! a//2%08!/'!+.>!"NNOA7!%&!)3,(1/0'/)!$/2/!CR%8>!O>^A>!

!

"#$%&'!V)^*!T2.'0@'250$&2A,#@!'U'568!253!8'#87#@!@,2&2@6'V#@8!2880@#26'3!:#6,!6,'!'U0.%6#05! 0/!Q&#/6!`a!C562&@6#@!T'5#58%.2)!+,'!72#5!A,28'!0/!3&#/6!=%#.3#5$!@0#5@#3'8!:#6,!#5$!&'.26#U'!8'2! .'U'.)!D6!8,0%.3!='!506'3!6,26!6,'!.0@2.!6'@605#@!'U0.%6#05!0/!6,'!72&$#5!#8!6,'!307#5256!@056&0.! 0U'&!&'.26#U'!8'2!.'U'.!253!$.2@#2.!2@6#U#69!#8!25!233#6#052.!#7A0&6256!@056&0.!60!@058#3'&!2.05$! 6,#8!72&$#5)!d%26)!N!d%26'&52&9)!C32A6'3!/&07!H2\!'6!2.)!<(SV`?O!W'='8@0!'6!2.)!

@TO! ! ! Z":"#"! L.'4?5)'2+-23+6'250'4&+ E2/6)2%5'! &/)%1/0'&! +2/! 1+%0.*! '(2<%)%'%,7! +8/)! E>7! +0)! ,3L/2! '$/! 3,/+0%,! <+&/1/0'>! ]2%5'! 823='$! ! @_! Y+! `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j$6>%9' <=#>B' O>^A>! #$%&! =+&! 423<+<.*!2/.+'/)!'3!'$/!30&/'!35!4/21+0/0'!%,/!%0!'$/!Q2,'%,!+0)!'$/!%0,2/+&/)!%1432'+0,/!35! <%43.+2!)//4!=+'/2!8/0/2+'%30!1/,$+0%&1&>!Q'!42/&/0'!'$/2/!%&!.%''./!<3''31!,(22/0'!+,'%L%'*! 3L/2!'$/!+2/+>!!

Z":"#"7 <%U?%2*%+<50-5)10-,C;+ #$%&!$%8$!.+'%'()/!:]B!%&!(0)/2!+!&'2308!8.+,%+.!,30'23.!'$+'!$+&!53(2!1+%0!/55/,'&!30!'$/!)2%5'>! R%2&'7! 0(1/23(&! +('$32&! $+L/! 03'/)! +0! %0,2/+&/)! 2+'/! %0! Q0'+2,'%,! `3''31! a+'/2! CQQ`aA! 5321+'%30!)(2%08!'%1/&!35!8.+,%+.!+)L+0,/!)(/!'3!%0,2/+&/)!<2%0/!%0b/,'%30!CPE[:Q!:311(0%'*! Y/1!B/,30)7!&/)%1/0'!&(44.*!'3!'$/!<+&%0!%&!82/+'.*!%0,2/+&/)! )(2%08!'%1/&!35!8.+,%+.!+)L+0,/>!#$%2)7!%'!$+&!!@TTVA7!+0)!'$/2/532/!'$/2/! %&!./&&!%0'/2+,'%30!!R%0+..*7!8.+,%+.!+)L+0,/!+,23&&! '$/! ,30'%0/0'+.! &$/.5! +.'/2&! '$/! &/)%1/0'! %04('! '3! '$/! 1+28%0! &%80%5%,+0'.*7! =%'$! /0$+0,/)! ,30'3(2%'/! &/)%1/0'+'%30! 2+'/&! ! #$/! <3''31! =+'/2&! +.308! '$%&! 1+28%0! 2+2/.*! 2/+,$! L/.3,%'%/&! ,+4+<./! 35! /23)%08! &/)%1/0'>! a$/0! 3<&/2L+'%30&! 30! &/%&1%,! 2/,32)&! +0)! /L%)/0,/! 30! &$32'/2! '%1/&,+./&! (&%08! ,32/! )+'+! +2/! ,30&%)/2/)! =%'$! 2/&4/,'! '3! )2%5'! /L3.('%30! 355! '$/! Q0'+2,'%,! E/0%0&(.+7! %'! %&! &//0! '$+'! 8.+,%+.! 4/2%3)&! +2/! 42/5/2/0'%+.! '3! )2%5'! 823='$! )(/! '3! $%8$/2! L/.3,%'*! <3''31! =+'/2! ,(22/0'&! +0)! %0,2/+&/)!&/)%1/0'!&(44.*!'$+'!,+0!!!

R"E"! ;1(%/.)/%,?+8)/,71)G.8,

Z":"!"# Q'*-5)'2+-23+<%55)21+ Q! ,314./F! :]B! $+&! ! "NNTG! "N@NG! U%3.+0'/! /'! +.>! "N@NA>! Q.308&.34/! +,'%L%'*! %0! '$/! <+&%0! @TT! ! ! %0%'%+'/)! ,.3&/! '3! '$/! P3,/0/6\.%83,/0/! <3(0)+2*! CR%8>! O>VA! +0)! $+&! ! #$/! Q28/0'%0/! `+&%0! $+&! &%0,/! !R231!'$/!Y%))./!Y%3,/0/!30=+2)7!'$/!)/L/.341/0'!35!'$/213$+.%0/! ,%2,(.+'%30!%0!'$/!Z32'$/20!W/1%&4$/2/!$+&!5+,%.%'+'/)!'$/!+))%'%30+.!%05.(/0,/!35!'$/!ZQ]a!30! '$%&!,30'3(2%'/!)/43&%'%30+.!&*&'/1>!a+'/2!1+&&/&!/0'/2!'$/!Q28/0'%0/!`+&%0!L%+!)//4!0+223=! 4+&&+8/=+*&! %0! '$/! '34382+4$%,! $%8$&! '$+'! /0,.3&/! %'>! #$/! =+'/2! 1+&&/&! +2/! '$/0! 4(&$/)! +8+%0&'! '$/! ,30'%0/0'+.! 1+28%0! )(/! '3! '$/! :32%3.%&! R32,/&! '3! 5321! +0! %0'/0&%5%/)! <3(0)+2*! ,(22/0'>!Q.308! '$/! (44/2!,30'%0/0'+.!&.34/7! 4.+&'/2/)! )2%5'&! )/L/.34/)! +0)! +!13(0)/)! )2%5'! $+&!5321/)!30!'$/!.3=/2!,30'%0/0'+.!&.34/!(0)/2!'$/!%05.(/0,/!35!,314./F!<+&%0!,%2,(.+'%30! 4+'$=+*&>!

!

!"#$%&'!V)`*!T2.'0@'250$&2A,#@!'U'568!253!8'#87#@!@,2&2@6'V#@8!2880@#26'3!:#6,!6,'!'U0.%6#05! 0/!6,'! ]0%6,'&5! Q&#/6a! C&$'56#5'! M28#5)! C/6'&! @0560%&! @%&&'56! #5#6#26#05! #5! 6,'! Y2&.9! F#0@'5'a! 3&#/6! $&0:6,! :28! &2A#3)! Q'8A#6'! 2! $.0=2.! .0:86253! #5! 6,'! F#33.'BZ26'! F#0@'5'a! .0@2.#8'3! 3''A'5#5$!0/!6,'!Q&2;'!T2882$'!2..0:'3!3&#/6!$&0:6,!60!@056#5%'a!#..%86&26#5$!6,'!#7A0&625@'! 0/!$26':298!05!1Q]!'U0.%6#05)!d%26)!N!d%26'&52&9O!T.#0)!N!T.#0@'5'O!Y0)!N!Y0@'5')!C32A6'3!/&07! H2\!'6!2.)!<(SV`?O!H%56'&!

"NN! ! ! Z":"!"! L.'4?5)'2+-23+6'250'4&+ #$%&!:]B!%&!1+)/!(4!35!)%&'%0,'!/23&%30+.!+0)!)/43&%'%30+.!5/+'(2/&!)/L/.34/)!%0!2/&430&/!'3! '/,'30%,! 8+'/=+*! 34/0%08&! +0)! <3''31! ,(22/0'! L+2%+'%30&! +&! %05.(/0,/)! <*! ,.%1+'%,! +0)! /(&'+'%,! ,$+08/&>! #$2//! 1+b32! )/43&%'%30+.! (0%'&! CR%8>! O>VA! $+L/! !:30'3(2%'/!+,'%L%'*!%0!'$/!<+&%0!,311/0,/&!=%'$!+0!/23&%30+.!&(25+,/!2/.+'%08!'3!'$/! 30&/'!35!QQ`a!+'!+4423F%1+'/.*!II!Y+!`>E>!CW%0;!/'!+.>!@TTTA>!#$%&!3,,(22/)!)(/!'3!+!0(1!"NN@G!:+2'/2!/'!+.>!"NNKA>!#$/!&(<&/J(/0'!&/)%1/0'! +,,(1(.+'%30! 5321&! '$/! .3=/2! &/%&1%,! (0%'! CcHA! +0)!&%80%5%/&! +! 4$+&/!35!1+b32! )2%5'! 823='$>! `3''31!,(22/0'!L/.3,%'%/&!'$23(8$3('!'$/!cH!+2/!'$3(8$'!'3!$+L/!5.(,'(+'/)!%0!2/&430&/!'3!'$/! ,$+08%08!,23&&6&/,'%30+.!+2/+!35!'$/!]2+-/!E+&&+8/>!#$/!1+%0!4$+&/!35!)2%5'!823='$!3,,(22/)! )(2%08! +! 1+b32! 8.3<+.! '2+0&82/&&%L/! /L/0'7! 32! &/+! ./L/.! 2%&/>! Q! &/,30)! 1+b32! /23&%30+.! )%&,30'%0(%'*! %&! '$3(8$'! '3! ! #$%&! %&! 53..3=/)! <*! .3=! +,,(1(.+'%30! 2+'/&! +0)! +882+)+'%30+.! &'+,-%08! 4+''/20&! %0! '$/! %0'/21/)%+'/! &/%&1%,! (0%'! C[HA! +&&3,%+'/)! =%'$! +! '$%2)632)/2! $%8$&'+0)! C\88! +0)! \88! "NNOG! W/20X0)/;6Y3.%0+!/'!+.>!"NNTA>!#$/!5%0+.!1+b32!&/%&1%,!(0%'7!'$/!(44/2!(0%'7!%&!)/L/.34/)!(0)/2! '$/! 42/&/0'! )+*! 3,/+0382+4$%,! ,305%8(2+'%30! 35! '$/! <+&%0>! #$2//! &(<6(0%'&! $+L/! !O>VA>!!

Z":"!"7 <%U?%2*%+<50-5)10-,C;+ Q.'$3(8$!&/%&1%,!%&!'$/!1+%0!&3(2,/!35!)+'+!%0!'$%&!2/8%307!&31/!,30,.(&%30&!1+*!!`3''31!,(22/0'!L/.3,%'%/&!+44/+2!'3!!#$/!Q28/0'%0/!1+28%0!'$/2/532/!423L%)/&!+0!/F+14./!35!+!:]B!(0)/2!'$/! %05.(/0,/!35!+!<3''31!=+'/2!,(22/0'!'$+'!%&!+,,/./2+'/)!)(2%08!8.+,%+.!'%1/&!+0)!8.3<+.!/(&'+'%,! .3=&'+0)&>! #$/! /L%)/0,/! 42/&/0'/)! +<3L/! &$3=&! '$+'! ,30'3(2%'/! /23&%30! %&! .%-/.*! '3! 3,,(2! )(2%08! .3=&'+0)&7! +0)! &/)%1/0'! +,,(1(.+'%30! 42/5/2/0'%+..*! 3,,(2&! )(2%08! '$/! .3=&'+0)! '3! '2+0&82/&&%L/!4$+&/&!35!&*&'/1&!'2+,'!)/L/.341/0'>!!

R"E"4 B3%,P)1)T,71)G.,

Z":"7"# Q'*-5)'2+-23+<%55)21+ #$/!P%2%-!]2%5'!%&!+!.+28/!:/03;3%,!/.308+'/)!13(0)/)!)2%5'!.3,+'/)!355!'$/!&3('$/20!'%4!35!'$/! 92//0.+0)! ,30'%0/0'+.! 1+28%0! CW(0'/2! /'! +.>! "NNVG! W(0'/2! "NNOA>! ['! %&! 30/! 35! +! 0(1

"N@! ! ! 3L/25.3=!=+'/2&!5231!'$/!Z32)%,!+0)!Q2,'%,!&/+&!CR%8>!O>_A>!c3,+'/)!+'!)/4'$&!(4!'3!I7KNN17!%'! %&!/.308+'/)!%0!+!ZP6Ba!32%/0'+'%30!%0!2/&430&/!'3!'$/!3,/+0382+4$%,!&/'6(4!35!'$/!92//0.+0)! 1+28%0>!W/2/7!&/L/2+.!)//4!=+'/2!1+&&/&!3L/2&4%..!5231!'$/!Q2,'%,!`+&%0!'$23(8$!8+4&!%0!'$/! 92//0.+0)6[,/.+0)! M%)8/! +0)! ,31<%0/! '3! 5321! '$/! ]//4! a+'/2! `3(0)+2*! :(22/0'! CW(0'/2! "NNOA>!!

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c+'/!Y%3,/0/!+0)!P+2.*! E.%3,/0/!'$/!<3''31!=+'/2!,%2,(.+'%30!%0,2/+&/)!%0!%0'/0&%'*7!+&!%&!/L%)/0'!!5231!'$/!!5321+'%30!!

!

"#$%&'!V)V*!T2.'0@'250$&2A,#@!'U'568!253!8'#87#@!@,2&2@6'V#@8!2880@#26'3!:#6,!6,'!'U0.%6#05! 0/! 6,'! Y#&#;! Q&#/6a! P0&6,! C6.256#@! G@'25)! +,'! 72#5! A,28'! 0/! 3&#/6! =%#.3#5$! @0#5@#3'8! :#6,! ,#$,86253!@053#6#058)!+,'!Z26'!T.#0@'5'!.0:86253!.'238!60!8.0:'&!3''A!:26'&!@#&@%.26#05!#5!6,'! &'$#05)! H0.0)! N! H0.0@'5'O! T.'#860)! N! T.'#860@'5'O! T.#0)! N! T.#0@'5')! C32A6'3! /&07! H2\! '6! 2.)! <(SV`?O!H%56'&!!"NNOA>!c+'/! E.%3,/0/!8.3<+.!&/+!./L/.!5+..!+0)!%,/!&$//'!+)L+0,/!%0!2/&430&/!'3!,33.%08!%&!,3%0,%)/0'!=%'$!+! =/+-/0%08!35!'$/!<3''31!=+'/2!,(22/0'!%0!'$/!P%2%-!]2%5'!2/8%30!T!Y+!`>E>! Cg0(';! "NNOA7! 1+2-/)! <*! +! 2/)(,'%30! %0! )2%5'! 42382+)+'%30! +0)! &.3=%08! %0! '$/! 2+'/! 35! +,,(1(.+'%30>!#$/!W3.3,/0/!$+&!&//0!/L%)/0,/!35!2/0/=/)!%0'/0&%5%,+'%30!35!'$/!]//4!a+'/2! `3(0)+2*!:(22/0'7!,3%0,%)/0'!=%'$!%0,2/+&/)!2+'/&!35!<3''31!=+'/2!5321+'%30!)(2%08!'%1/&!35! 8.3<+.!/(&'+'%,!$%8$&>!!

Z":"7"7 <%U?%2*%+<50-5)10-,C;+ #$/!&/J(/0,/!&'2+'%82+4$%,!2/&430&/!35!'$/!P%2%-!]2%5'!%&!%0!,30,(22/0,/!=%'$!3<&/2L+'%30&!%0! 1+0*!3'$/2!032'$/20!$/1%&4$/2/!,30'3(2%'/!)/43&%'%30+.!&*&'/1&!%05.(/0,/)!<*!)//4!Q2,'%,! =+'/2!1+&&/&!CW3=/!@TT_G!B'3-/2!/'!+.>!@TTOG!a/+L/2!/'!+.>!"NNNG!92s8/2!/'!+.>!"NNIG!\L2/<3! /'! +.>! "NN^A>! ](2%08! '$/! =+21! %0'/28.+,%+.&! C&/+! ./L/.! $%8$&'+0)&! +0)! '2+0&82/&&%30&A7! &'2308! <3''31! ,(22/0'&! 42/L+%./)7! ./+)%08! '3! /23&%L/! &(25+,/&7! +,'%L/! ! ](2%08! .3=&'+0)&7! $%8$! )3=0&.34/! &/)%1/0'! %05.(F! ,+0! )31%0+'/! +0)! ,(22/0'! L/.3,%'%/&!+2/!&//0!'3!=+0/>!!

R"E"E B3%,$6'G,&G,5+<)L,57-,

Z":":"# Q'*-5)'2+-23+<%55)21+ #$/!9(.5!35!:+)%;!:]B!$+&!)/L/.34/)!3L/2!'$/!4+&'!K6_!Y*!%0!2/&430&/!'3!'$/!+,,/./2+'%30!35! '$/!Y/)%'/22+0/+0!\('5.3=!a+'/2!CY\aA!'$23(8$!'$/!9%<2+.'+2!9+'/=+*!CW/20X0)/;6Y3.%0+! /'!+.>!"NNIG!"NN^G!c.+L/!/'!+.>!"NNV,A>!#$/!Y\a!8/0/2+'/&!+0!%0'/21/)%+'/!1%)6&.34/!<3''31! ,(22/0'!,3142%&%08!2/.+'%L/.*!=+21!<('!&+.%0/!=+'/2!423)(,/)!%0!'$/!=+216=+'/2!-%',$/0!35! '$/! /+&'/20! Y/)%'/22+0/+0! B/+! CR%8>! O>_A>! [0! '$%&! 2/&4/,'! %'! %&! '$3(8$'! '3! 2/&/1<./! 4+.+/3,/+0382+4$%,! ,30)%'%30&! )(2%08! '$/! /F'2/1/.*! $%8$! &/+! ./L/.&! +0)! =+21! 82//0$3(&/! ,30)%'%30&!35!'$/!Y%))./!+0)!c+'/!:2/'+,/3(&!4/2%3)>!]%+4%2%,!2%)8/&!32%/0'+'/)!4/24/0)%,(.+2! '3! Y\a! 5.3=! C#+&%+0+&! "N@NA7! 5321! 1324$3.38%,! 3<&'2(,'%30&! +0)! ,2/+'/! )%&'%0,'! ,$+00/.&! '$23(8$!=$%,$!'$/!=+'/2!1+&&!&4.%'&!%0'3!'=3!4+'$=+*&G!'$/!Y/)%'/22+0/+0!H44/2!+0)!c3=/2! a+'/2&>!Q&!+!,30&/J(/0,/7!+!,314./F!)2%5'!&*&'/1!$+&!)/L/.34/)!+.308!'$/!032'$/20!1+28%0!35! '$/!9(.5!35!:+)%;!%0,.()%08!<3'$!/23&%30+.!+0)!)/43&%'%30+.!)31+%0&!+0)!0(1/23(&!)%55/2/0'! )2%5'!'*4/&!CW/20X0)/;6Y3.%0+!/'!+.>!"NN^A>!!

Z":":"! L.'4?5)'2+-23+6'250'4&+ ]2%5'! %0%'%+'%30! 3,,(22/)! =$/0! '$/! 9%<2+.'+2! 9+'/=+*! 34/0/)! +0)! )//4/0/)! &(55%,%/0'.*! '3! +..3=!&%80%5%,+0'!Y\a!'3!/&,+4/!%0'3!'$/!Q'.+0'%,>!#$%&!3,,(22/)!)(2%08!'$/!P+2.*!E.%3,/0/7!,+>K! Y+! `>E>! CR%8>! O>TA>! :30'3(2%'/! )2%5'&! &(,$! +&! '$/! R+236Q.<(5/%2+! )2%5'! +2/! &//0! '3!

"NI! ! ! ,*,.%,+.! %0! 0+'(2/! ,3142%&%08! 0(1/23(&! &/%&1%,! &/J(/0,/&! +0)! &(<6&/J(/0,/&! Cc.+L/! /'! +.>! "NN@G! "NN^G! B'3=! /'! +.>! "NN"! #$/&/! +2/! %0'/242/'/)! +&! ! #$/2/! +44/+2&! '3! ! B/L/2+.! +('$32&! $+L/! )/130&'2+'/)! $%8$/2! L/.3,%'%/&!35!'$/!.3=/2!<2+0,$!35!'$/!Y\a!)(2%08!8.+,%+.!'%1/&!C:+,$3!/'!+.>!"NNNG!W/20X0)/;6 Y3.%0+!/'!+.>!"NN^G!c.+L/!/'!+.>!"NN^G!#3(,+00/!/'!+.>!"NNVA!+0)!+0!%0,2/+&/)!L/.3,%'*!35!'$/! (44/2!<2+0,$!35!'$/!Y\a!)(2%08!'$/!2/,/0'!$%8$&'+0)!4/2%3)!CB'3=!/'!+.>!"NN"!"N@KA>!\'$/2!-/*!3<&/2L+'%30&!'$+'!2/.+'/!'3!&/J(/0,/!&'2+'%82+4$*!+2/?!%0,2/+&/)! &/)%1/0'+'%30!2+'/&!30!)2%5'&!%0!'$/!(44/2!,32/!35!'$/!Y\a!+0)!+!,$+08/!5231!42382+)+'%30+.! '3!+882+)+'%30+.!&'+,-%08!4+''/20&!%0!2/&430&/!'3!2%&%08!&/+!./L/.>!Z/.&30!/'!+.>!C@TTIA!42343&/)! +! )%2/,'! .%0-! !"NNV+A>!

!

"#$%&'!V)S*!T2.'0@'250$&2A,#@!'U'568!253!8'#87#@!@,2&2@6'V#@8!2880@#26'3!:#6,!6,'!'U0.%6#05! 0/!6,'!"2&0BC.=%/'!Q&#/6!&'$#05!#5!6,'!-%./!0/!123#4)!H0.0)!N!H0.0@'5'O!T.'#860)!N!T.'#860@'5'O! T.#0)!N!T.#0@'5')!C32A6'3!/&07!H2\!'6!2.)!<(SV`?O!P'.805!'6!2.)!<(SSL?O!]60:!'6!2.)!! #$%&!%&!13&'!.%-/.*!)(/!'3!'$/!,314./F%'*!35!'$/!2/8%30!+0)!'$/!+))%'%30+.!1324$3.38%,+.!+0)! '/,'30%,! ,30'23.! +.308! '$/! 1+28%0>! #$/! +L+%.+<./! /L%)/0,/! %0)%,+'/&! '$+'! 82/+'/&'! ,30'3(2%'/! +,,(1(.+'%30! 3,,(2&! )(2%08! '%1/&! 35! 8.+,%36/(&'+'%,! .3=&'+0)! =$/0! &/)%1/0'! %&! )%2/,'.*! &(44.%/)!'3!'$/!&.34/!+0)!+!L%8323(&!)//4!+0)!)/0&/!Y\a!&=//4&!'$/!1+28%0>!

P"C -E+W-0+S(+&A+-0').'*;).=2*A-:%/+4---

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

R"A"# =&<%',#U,P/3+/*%<,?&..&:,V+.%1,5611%/.8,<61)/(,W-B,, ]'\%'5@'!=0%532&9!253!Z]+?!Q&!=%'$!'$/!,30L/0'%30+.!)3=0&.34/!&.(8!)%+82+17!'$/!0/=!13)/.! ,30'+%0%08!,30'3(2%'/!)/43&%'&!!O>@N!+A>!](2%08!.3=!2/.+'%L/!&/+!./L/.7!'$/!,30'%0/0'+.! &$/.5! 1+*! ! Q&! +! 2/&(.'7! '$/2/! %&! /0$+0,/)! &/)%1/0'! )/43&%'%30! %0! '$/! )//4! 3,/+0! <+&%0&! +0)! +! <+&%0! 5.332! +0)! &.34/! +4230! 5+0! '*4%,+..*! )/L/.34! CR%8>! O>@N! +A>! #$%&! %0,2/+&/! %0! )3=0&.34/! &/)%1/0'! L3.(1/! =%..! +55/,'! ,30'3(2%'/! )2%5'! )/L/.341/0'! <*! 1+&-%08! +.308&.34/! 423,/&&/&! 2/8+2)./&&! 35! '$/! <3''31! ,(22/0'! L/.3,%'*>! R(2'$/2132/7! '$/! 1+2-/)! 2/)(,'%30! %0! <3''31! ,(22/0'!+,'%L%'*!+0)!L/.3,%'*!+'!'%1/&!35!.3=!2/.+'%L/!&/+!./L/.!423L%)/&!,30)%'%30&!(05+L3(2+<./! 532!,30'3(2%'/!)/L/.341/0'>!W3=/L/27!+'!./+&'!30!&31/!1+28%0&!'$/2/!%&!/L%)/0,/!532!1())*! ,30'3(2%'/!)/43&%'&!./+)%08!'3!'$/!+,,(1(.+'%30!35!'$%07!5%0/682+%0/)!&$//'/)!)2%5'&>![0!3'$/2! ,+&/&!'$/&/!+2/!,31130.*!%0'/2B>! +0)! '$/! Q28/0'%0/!,30'%0/0'+.!1+28%0&!CR+(8S2/&!+0)!B'3=!"NNOG!W(44/2';7!4/2&>!,311>!"N@NA>!!

"N_! ! ! +]+*!](2%08!'$/!'2+0&82/&&%L/!&*&'/1&!'2+,'!C#B#A7!'$/!%05.(/0,/!35!)3=0&.34/!423,/&&/&!=+0/&! +0)!'$/2/!%&!2/0/=/)!+,'%L+'%30!35!<3''31!,(22/0'!8/0/2+'%30!+0)!,30'3(2%'/!)/43&%'%30>!#$%&! %&!'*4%,+..*!/F42/&&/)!%0!'$/!2/=32-%08!35!)3=0&.34/!&/)%1/0'!+0)!'$/!5321+'%30!35!/.308+'/! 13(0)/)! )2%5'&! +.308! '$/! &.34/! +4230! &$3=%08! +,'%L/! +.308&.34/! 42382+)+'%30! +0)l32! +882+)+'%30!CR%8>!O>@N+A>!B/)%1/0'!&(44.*!3L/2!'$/!&$/.5!/)8/!%&!13)/2+'/!+0)!1(,$!35!%'!5%0/6 82+%0/)7! 82/+'.*! 5+L3(2%08! 1())*!13(0)/)! )2%5'! )/L/.341/0'>! P23&%30+.!(0,305321%'%/&! +2/! +.&3!,31130!'$23(8$3('!'$/!&(,,/&&%30!!!

#$%&!.+&'!43%0'!2/L/+.&!+0!%1432'+0'!)/4+2'(2/!5231!'$/!/F%&'%08!13)/.&>!H&%08!,30L/0'%30+.! &/J(/0,/!&'2+'%82+4$*!.+=&!CU+0!a+830/2!/'!+.>!@TOOA!+0*!/23&%30+.!(0,305321%'*!%&!'%/)!'3! &(<+/2%+.! /23&%30! +0)! '$/2/532/! 2/J(%2/&! +! &/+! ./L/.! /2..>! W3=/L/27! 3(2! 13)/.! &$3=&! '$+'! 2/8%30+..*!/F'/0&%L/!(0,305321%'%/&!,+0!!#$%&!%&!+14.*!&(4432'/)!<*!3<&/2L+'%30+.!+&!=/..!+&!'$/32/'%,+.!)+'+!C/>8>7! B$+0030!/'!+.>!C"NN_A!532!'$/!Za!Hg!,30'%0/0'+.!1+28%0A>!!

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

B/)%1/0'!&(44.*!'3!'$/!<3''31!,(22/0'&!'$+'!,30&'2(,'!,30'3(2%'/!)2%5'&!=%..!!](2%08!)/L/.341/0'!35!'$/!42382+)%08!$%8$&'+0)! =/)8/!%0!'$/!,30L/0'%30+.!13)/.7!&/)%1/0'!&(44.*!'3!'$/!&.34/!=%..!%0,2/+&/!+0)!'$/2/!%&!'$(&! 43'/0'%+.!532!/0$+0,/)!&/)%1/0'!&(44.*!'3!+0*!)2%5'!&*&'/1!+,'%L/!+'!'$%&!&'+8/>!!

!

"N^! ! !

"#$%&'! V)(K*! W'U#8'3! 3''A! :26'&! 8'\%'5@'! 86&26#$&2A,#@! 703'.8)! 2! F03'.! 2AA.#@2=.'! 2.05$! 72&$#58!:,'&'!=06607!:26'&!@#&@%.26#05!#8!70&'!U#$0&0%8!3%$!6#7'8!0/!,#$,86253)!=!F03'.! 2AA.#@2=.'! 2.05$! 72&$#58! :,'&'! =06607! :26'&! @#&@%.26#05! #8! 70&'! U#$0&0%8! 3%$! 6#7'8! 0/! .0:86253)! Q2&;'&! @0.0%&8! &'A&'8'56! 30:58.0A'! 253! .#$,6'&! 05'8! 2.05$8.0A'! 3'A08#68)! Z]+N.0:86253a! +]+N6&258$&'88#U'! 253! H]+N,#$,86253)! D7A0&6256! =0%53#5$! 8%&/2@'8*! ]MN8'\%'5@'! =0%532&9a! +]N6&258$&'88#U'! 8%&/2@'a! F"]N72>#7%7! /.003#5$! 8%&/2@')! "#$%&'! #8! 506!60!8@2.'!=%6!2AA&0>#726'.9!(K8B(KK8!;7!#5!6,'!,0鹲.!253!(KK!7E/':!;7!#5!8'3#7'56! 6,#@;5'88)!F03#/#'3!/&07!25!0&#$#52.!703'.!=9!H2\!'6!2.)!<(SVV?)!!

R"A"! =&<%',!U,P/3+/*%<,?&..&:,V+.%1,5611%/.8,<61)/(,X-B,, ]'\%'5@'! =0%532&9! 253! Z]+*! Q&! =%'$! '$/! 42/L%3(&! 13)/.7! .3=! &/+! ./L/.! '2%88/2&! /0$+0,/)! /23&%30!35!'$/!&$/.5!+0)!'/22%8/03(&!&/)%1/0'!<*4+&&!+,23&&!'$/!&.34/!%0'3!'$/!3,/+0%,!<+&%0&>! a$/2/L/2!<3''31!,(22/0'!L/.3,%'%/&!4/+-!)(2%08!'%1/&!35!&/+!./L/.!.3=&'+0)7!'$/!4%2+'%08!35! )3=0&.34/!&/)%1/0'&!<*!<3''31!,(22/0'&!,+0!2/&(.'!%0!'$/!)31%0+'%30!35!,30'3(2%'/!&*&'/1&! 3L/2! '$/! 0321+..*! /F4/,'/)! )3=0&.34/! cB#! &/J(/0,/! CR%8>! O>@N! ! #$/! 2/&(.'! %&! $%8$! )2%5'! 823='$!2+'/&!+.308!'$/!&.34/!+4230G!&31/!1+28%0&!&$3=!+,,(1(.+'%30!2+'/&!'$+'!+2/!+0!32)/2! 35!1+80%'()/!$%8$/2!)(2%08!cB#!=$/2/!/0$+0,/)!<3''31!,(22/0'&!2/)%&'2%<('/!.+28/!&/)%1/0'! %05.(F/&!+&&3,%+'/)!=%'$!8.+,%+.!1+28%0&!Cc+!"NN@G!M/!"NN"A>!!

"NV! ! ! P23&%30+.!423,/&&/&!<*!<3''31!,(22/0'&!1+*!+.&3!!#$%&!%&!4+2'%,(.+2.*!,31130!%0!2/8%30&! =$/2/! 8+'/=+*&! 1+*! ,30&'2%,'! +0)! '$/2/532/! 5(2'$/2! +14.%5*! <3''31! =+'/2! L/.3,%'%/&! CW/20X0)/;6Y3.%0+!/'!+.>!"NNTA7!32!=$/2/!&4/,%5%,!1324$3.38%,+.!532,%08!+,,/./2+'/&!'$/!5.3=! CU%+0+!/'!+.>!"NN"A>!PF4/,'/)!&/)%1/0'!5+,%/&!%0,.()/!&+0)*!,30'3(2%'/&!=$/2/!'$/!1+F%1(1! <3''31! ,(22/0'! L/.3,%'%/&! +2/! &(55%,%/0'.*! $%8$! '3! '2+0&432'! .+28/2! 1/+0! 82+%0! &%;/&>! a$/2/! /23&%30+.!5/+'(2/&!! #$/&/! '33! 1+*! !a$/2/!<3''31!,(22/0'!L/.3,%'%/&!+2/!%0&(55%,%/0'! 532! ,314./'/! ,30'3(2%'/! )31%0+'%30! 35! '$/! 1+28%07! <3''31! ,(22/0'! 2/=32-/)! &+0)&! C`:MBA! 1+*!5321!=$/2/!)3=0&.34/!&/)%1/0'&!+2/!13)%5%/)!+0)l32!2/)%&'2%<('/)!<*!<3''31!,(22/0'&! CB$+01(8+1!"N@"!

+]+*! ](2%08! '2+0&82/&&%L/! &*&'/1&! '2+,'! C#B#A! )/L/.341/0'7! )3=0&.34/! 423,/&&/&! ! #$%&!%&! +! '2+0&%'%30+.!'%1/!532!'$/!&*&'/17!)(2%08!=$%,$!+,,(1(.+'%30!2+'/&!&.3=!)3=0>!Q882+)+'%30+.! (0%'&!+2/!13&'!.%-/.*!+0)!&$//'/)!)2%5'&!'$(&!42/L+%.!CR%8>!O>@N!!`3''31!,(22/0'&!!Q&! =%'$!'$/!13)/.!42343&/)!532!/0$+0,/)!<3''31!,(22/0'&!)(2%08!WB#7!/23&%30+.!(0,305321%'%/&! +2/!,31130!'$23(8$3('!'$/!&(,,/&&%30>!#$/&/!+2/!5321/)!%0!2/&430&/!'3!5.(,'(+'%08!<3''31! ,(22/0'!L/.3,%'%/&!3L/2!'$/!)(2+'%30!35!)/8.+,%+'%30>!!

H]+*! a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

Q&! =%'$! 13)/.! @! WB#7! ,/2'+%0! ,%2,(1&'+0,/&! &(,$! +&! '/,'30%,! 32! ,.%1+'%,! ,$+08/&! +..3=! 532! )3=0&.34/! &/)%1/0'! 42382+)+'%30! +,23&&! '$/! ,30'%0/0'+.! &$/.5! +0)! %0'3! '$/! 4+'$=+*! 35! +.308&.34/!,(22/0'&>![5!=+'/2!L/.3,%'%/&!+2/!%0&(55%,%/0'!'3!2/)%&'2%<('/!&/)%1/0'!/0'/2%08!'$/! <+&%0!'$/0!)3=0&.34/!423,/&&/&!1+*!42/L+%.>!!

! "NO! ! ! P"N 8*,A(,,*%&--

#$/! &'2+'%82+4$*! 35! ,30'3(2%'/! )2%5'&! $+&! ! #$%&! ,$+4'/2! +''/14'&! '3! .%0-! '$/&/! 3<&/2L+'%30&7! '38/'$/2! =%'$! '$/32/'%,+.! ,30&%)/2+'%30&! 35! &/+! ./L/.! +0)! 3'$/2! ,30'23.&! 30! <3''31! ,(22/0'! L+2%+'%307! '3! &/J(/0,/!&'2+'%82+4$%,!,30,/4'&!<*!2/L%&%08!'$/!32%8%0+.!)3=0&.34/!13)/.>!#$%&!$+&!!

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

Q!5(2'$/2!,30&%)/2+'%30!%0!4.+,%08!+.308&.34/!423,/&&/&!%0'3!'$/!/F%&'%08!&/J(/0,/!&'2+'%82+4$%,! 13)/.!%&!2/.+'/)!'3!'$/!32%/0'+'%30!35!&*&'/1!/L3.('%30>!]3=0&.34/!423,/&&/&!)/L/.34!5231! '$/!,30'%0/0'!<+&%0=+2)&>!:30L/2&/.*7!,30'3(2%'/!)/43&%'%30+.!&*&'/1&7!/L3.L/!A2&2..'.!'3!'$/! ,30'%0/0'+.!1+28%0!+0)!'$/2/532/!+.308!+!)%55/2/0'!+F%&!5231!)3=0&.34/!&*&'/1&>!#$%&!&$3(.)! />! +'! +! '(2<%)%'%,! 5+0A! =%..! )%55/2! 5231! +! ,30'%0/0'+.! 1+28%0! +)b+,/0'! '3! +! '(2<%)%'/! 5+0>! #$%&! %&! 4+2'%,(.+2.*!%1432'+0'!=$/0!/F+1%0%08!,30'3(2%'/&!+0)!<3''31!,(22/0'!2/=32-/)!&+0)&!)3=0! ,(22/0'!35!'(2<%)%'%,!423,/&&/&!=$/2/!4%2+'%08!35!&/)%1/0'!4.+*&!+0!%1432'+0'!23./>!!

['! &$3(.)! ! O>@NA! +2/! %0! 5+,'7! %)/+.%&/)! ,30,/4'(+.! /0)6 1/1! [0! 2/+.%'*7! +0*! 1+28%0! 1+*! ! #$/! +44.%,+'%30! 35! '$/! /0)61/1! #$/&/! 423<./1&! $+L/! ! #$/! ,30&%)/2+'%30&! '$+'! +2/! 13&'! &%80%5%,+0'!'3! +.308&.34/! &/J(/0,/! &'2+'%82+4$*! +2/! /.+<32+'/)!(430!!!

C@A! B*0&/)%1/0'+2*! '/,'30%,! +,'%L%'*! ,+0! &%80%5%,+0'.*! +55/,'! &/)%1/0'+2*! +2,$%'/,'(2/! +.308! ,30'%0/0'+.!1+28%0&7!%0!&31/!,+&/&!,314./'/.*!1+&-%08!&/+!./L/.!/55/,'&!C`2%)8/!+0)!]/1%,3! "NNOA>!c3,+.!'/,'30%,!+)b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

C"A! #$/! 42/&/0,/! 35! %,/! +.308! +! 1+28%0! ,+0! &%80%5%,+0'.*! +.'/2! '$/! &/)%1/0'+2*! +2,$%'/,'(2/7! &/)%1/0'!%05.(F!'3!+!<+&%07!2+'/!35!<3''31!=+'/2!8/0/2+'%307!32!+..!35!'$/!+<3L/!C933&&/!/'!+.>! "NN@G!E3=/..!+0)!:334/2!"NN"G!U+0!a//2%08!/'!+.>!"NNOA>!W%8$!.+'%'()/!&*&'/1&!,+0!'$/2/532/! !@TTVA! +0)!+.308!'$/!Za!P(234/+0!1+28%0!Cc+!"NN_A>!!

CIA! [0! '$/! &'+0)+2)! 13)/.7! )/43&%'%30+.! &/J(/0,/&! 13&'.*! 2/5./,'! &/,30)! +0)! '$%2)! 32)/2! ,$+08/&!35!&/+!./L/.!C%>/>!@6@N!Y*!)(2+'%30A7!=$%./!&*&'/1&!'2+,'&!+0)!4+2+&/J(/0,/&!2/5./,'! '$%2)6! +0)! 53(2'$632)/2! ,$+08/&! C@NN! -*! '3! @! Y*A>! #$/! &+1/! =%..! !#$%&!%&!,./+2.*!/L%)/0'!+.308!'$/!:+0'/2<(2*!`+&%0! )2%5'&! =$%,$! ,30'%0(/! '3! 823=! '$23(8$! 0(1/23(&! )3=0&.34/! &*&'/1! &/J(/0,/! <3(0)+2%/&! CR(.'$324/!/'!+.>!"N@NA>!!

CKA!#$/!13L/1/0'!35!=+'/2!1+&&/&!+,23&&!+!,30'%0/0'+.!1+28%0!,+0!!:$+08%08!)/0&%'*!,30'2+,'&!+55/,'!=+'/2!1+&&!&/''.%08!)/4'$&! +0)!'$/&/!,+0!!`3''31!,(22/0'&!1+*7!'$/2/532/7!+55/,'! ,314./'/.*!)%55/2/0'!4+2'&!35!'$/!,30'%0/0'+.!1+28%0!+'!WB#7!#B#!+0)!cB#>!

C_A!#$/!1/,$+0%&1&!532!<3''31!=+'/2!1+&&!8/0/2+'%30!+2/!$%8$.*!L+2%+<./!+0)!,30'23../)!03'! 30.*! <*! &/+! ./L/.! <('! +.&3! ,.%1+'%,! ,30)%'%30&7! &/)%1/0'! %05.(F! /',>! #$/! :2/'+,/3(&! <3''31! =+'/2!,%2,(.+'%30!2/1+%0&!4332.*!(0)/2&'33)>!!

"@N! ! ! C^A! B/+! P23&%30+.! ,30'3(2%'/! '/22+,/&! =%..! 13)%5*! '$/! 13)/.! &%80%5%,+0'.*7! +0)! 5/+'(2/&!&(,$!+&!,$+00/.&!.3,+..*!+14.%5*!<3''31!,(22/0'&!%0!+0!3'$/2=%&/!&.(88%&$!2/8%1/>!!

P"O $%&A4(,*%&,- a$/2/!+44.%/)!=%'$!,+2/!+0)!+!833)!(0)/2&'+0)%08!35!+!&*&'/17!'$/!13)/.&!42/&/0'/)!$/2/! ,+0! 82/+'.*! 5+,%.%'+'/! '$/! %0'/242/'+'%30! 35! 1+28%0&! '$+'! %0,.()/! 32! +2/! )31%0+'/)! <*! ,30'3(2%'/&>!PF'/20+.!,30'23.&7!%0!+))%'%30!'3!&/+!./L/.7!&$3(.)!+.=+*&!!B/J(/0,/!&'2+'%82+4$*!$+&!423L/0!'3!!

Q!0/F'!&'/4!%0!'$%&!.%0/!35!2/&/+2,$!%&!'3!+&&/&&!$3=!23<(&'!'$/!13)/.!%&!%0!3'$/2!&/''%08&!+0)! )2%5'!'*4/&?!532!/F+14./7!%0!&$+..3=!=+'/2!32!+<*&&+.!4.+%0!,30'3(2%'/!&*&'/1&>!a32-!<*!U%+0+!/'! +.>!C"NN"A!$+&!!W/2/7! &/+! ./L/.! .3=&'+0)! /L/0'&! +2/! +&&3,%+'/)! =%'$! )%&'%0,'%L/! ,(22/0'! =+0%08! +0)! %0,2/+&/)! )3=0&.34/!5+,%/&!)/43&%'%30>!B(<&/J(/0'!&/+!./L/.!2%&/!./+)!'3!'$/!)/43&%'%30!35!&+0)*!5+,%/&! =%'$!!#$%&!&(88/&'&!'$+'!'$/!&/J(/0,/!&'2+'%82+4$*!13)/.!4('! 532=+2)!%0!'$%&!4+4/2!,+0!+.&3!!R('(2/!=32-!&$3(.)!&4/,%5%,+..*!53,(&!30! '$/! ,3../,'%30! 35! )+'+<./! 1+'/2%+.! %0! 32)/2! '3! 423L%)/! !!

! !

"@@! ! ! ! ! ! ! ! !"#-$@$-#0#)%"*2*8)/('//)%"* ! !

$2.='+)-N?-D4-*E':F*%F*,0&)G*/0"&;*(%"#%'$)#-*&-@%/)#)%"0:*/;/#-6*

$2.='+)-O?-,40$0(#-$)/)"1*(%"#%'$)#-*/0"&/*

$2.='+)-P?*,%"#%'$)#-*(%"#$%:/*0"&*/-A'-"(-*/#$0#)1$0@4;*

$2.='+)-Q?-$%&'%()*'+-)+,+)K%*)-=%'+&'*.4-.&/-+A%&%@*A-*@=%)'.&A+!!

*

-

-

-

-

-

"@"! ! ! J *%"#%'$)#+, 2+.+$C%)$, D%#+"#)/8, 1, E(%"%5)(,!5?%$#/"(+@,* !

\0/!35! '$/!-/*! +%1&!35! '$%&! E$]! 2/&/+2,$! %&!'3! +&&/&&! '$/! .%0-! !`3''31! ,(22/0'&! +2/! 13&'! L%8323(&! +.308! '$/! ,30'%0/0'+.! 1+28%0&! +0)! &=//4! '$/! 1+b32%'*! 35! '$/! 4/'23./(1!<+&%0&!%0!'$/!Q'.+0'%,!\,/+0!+'!L/.3,%'%/&!35!N>@!,1!&6@!'3!I!1!&6@!CR%8>!T>@A>!#$/*!+2/! '$/2/532/!35!,30,/20!'3!4/'23./(1!/F4.32+'%30%&'&!)(/!'3!@A!<3''31!,(22/0'!2/.+'/)!$+;+2)&! +0)!"A!'$/%2!2/&/2L3%2!43'/0'%+.!(430!<(2%+.>!!

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

"#$%&'! S)()! +,'! 72i0&! 3''AB:26'&! ,93&0@2&=05! A&0U#5@'8! 253! /&056#'&! &'$#058! <=.%'! 8,23'3?! 253!6,'!307#5256!=06607!:26'&!7288'8!6,26!8:''A!6,'8'!&'$#058)!PCQEN!P0&6,!C6.256#@!Q''A! E26'&O!CCMEN!C562&@6#@!M06607!E26'&O!CCDEN!C562&@6#@!D56'&7'3#26'!E26'&O!FGEN!FGE)! F03#/#'3!/&07!"2%$R&'8!253!]60:!<(SSL?O!e#252!'6!2.)!<(SSV?O!!]60:!253!F292..!

"@I! ! ! W/2/7! 42%1+2%.*! '$/! 2/&/2L3%2! 43'/0'%+.! 35! ,30'3(2%'/! &/)%1/0'&! %&! ,30&%)/2/)>! ! #$/! 13)/20! ,30'3(2%'/! &+0)&! %0! '$/! 9(.5! 35! :+)%;! $+L/! &$3=0! ,./+0! C(4! '3! T_r! &+0)A! ,30'3(2%'/! +,,(1(.+'%30&!&$3=%08!'$+'!,30'3(2%'/!)2%5'&!)3!$+L/!'$/!43'/0'%+.!'3!1+-/!833)!$*)23,+2<30! 2/&/2L3%2&>! [5! &+0)*! ,30'3(2%'/! &/)%1/0'&! +2/! '3! !#3!)+'/7!'$/*!$+L/!30.*!! @TONA! 30! +,,3(0'! 35! '$/! 423<./1&!%0!43&%'%L/.*!%)/0'%5*%08!'$/1!%0!'$/!&(<&(25+,/!CU%+0+!/'!+.>!"NNVA>!\'$/2!43'/0'%+.! 2/&/2L3%2! 5+,%/&! &$3=! %0,2/+&%08! /L%)/0,/! 532! ,30'3(2%'%,! 32%8%0>! :2/'+,/3(&! ,$+.-&! %0! Za! P(234/!&$3=!&%80&!35!,30'3(2%'/!)/43&%'%30!%0!4.+,/&!CB(2.*-!+0)!c*--/6Q0)/2&/0!"NNVA!+0)! &31/!3%.!&$+./&!%0!Z32'$!Q1/2%,+!+2/!$*43'$/&%;/)!'3!!"N@"A>!!

Q"# 12+-B+,+)K%*)-T%'+&'*.4-%5-$%&'%()*'+,-

#$/2/! %&! 823=%08! %0'/2/&'! 5231! '$/! 4/'23./(1! %0)(&'2*! 532! +0! %0,2/+&/)! (0)/2&'+0)%08! 35! ,30'3(2%'/&! +0)! '$/%2! 2/&/2L3%2! 43'/0'%+.>! M/,/0'! 4(<.%,+'%30&! +0)! ,305/2/0,/! 42/&/0'+'%30&! CY32+/&! /'! +.>! "NNVG! U%+0+! /'! +.>! "NNVG! B'3=! /'! +.>! "N@@G! Y(''%! +0)! :+21%0+''%! "N@"G! `2+,-/02%)8/! /'! +.>! "N@I! #$%&7! +.308! =%'$! /L/26%1423L%08! )+'+! ,3L/2+8/! +0)! J(+.%'*! +.308! '$/! )//4! =+'/2! ,30'%0/0'+.! 1+28%0&!$+&!2/&(.'/)!%0!132/!,30'3(2%'/&!!B+).*7!'$/2/!%&!+! .308!=+*!'3!83!!\'$/2! 43'/0'%+.!,30'3(2%'/!2/&/2L3%2&!+2/!+.&3!! "NNVA! +0)! 3%.! &$+./! CU%+0+!+0)!Q.1/%)+!h2>!"N@"A!)/43&%'&>!!

W/2/7!=/!,.+2%5*!'$/!)/5%0%'%30&!35!,30'3(2%'/!82538!'$+'!+2/!%0!'$/!.%'/2+'(2/7!+0)!)%&,(&&!'$/%2! 2/&/2L3%2!43'/0'%+.!(&%08!'$/!9(.5!35!:+)%;!+&!+0!+0+.38(/!=%'$!3'$/2!/F+14./&!5231!.%'/2+'(2/>! \'$/2!&+0)62%,$!,30'3(2%'/!5+,%/&!+2/!%)/0'%5%/)!355&$32/!`2+;%.!CU%+0+!/'!+.>!@TTOA7!032'$/+&'/20! Hg! CQ-$1/';$+03L! /'! +.>! "NNVA7! '$/! B3('$! :$%0+! B/+! C9308! /'! +.>! "N@"A! +0)! %0! '$/! 9(.5! 35! Y/F%,3!CB$+01(8+1!"N@"!Q.'/20+'%L/!2/&/2L3%2!5+,%/&!=%..!+.&3!!R32!+0*! $*)23,+2<30!4.+*!'3!&(,,/&&5(..*!=32-!'$/!&*&'/1!1(&'!,30'+%0!53(2!/&&/0'%+.!/./1/0'&?!@A!+! 1+'(2/!&3(2,/!23,-G!"A!+!2/&/2L3%2!23,-G!IA!+!&/+.!+0)!KA!&31/!2/J(%2/)!'$%,-0/&&!3L/2<(2)/0! 23,->!Q))%'%30+.!423,/&&/&!'$+'!1(&'!3,,(2!+2/!'2+4!5321+'%30!+0)!'$/!8/0/2+'%307!1%82+'%30!

"@K! ! ! +0)!+,,(1(.+'%30!35!$*)23,+2<30&!CY+8330!+0)!`/+(130'!"NNIA>!#$/&/!+&4/,'&!35!4/'23./(1! &*&'/1&!=%..!+.&3!!!

Y"#"# 5&/.1&'8,&/,-+/<,7%2&8).)&/, R32!+!&%80%5%,+0'!,30'3(2%'/!&+0)!+,,(1(.+'%30!'3!53217!,/2'+%0!,30)%'%30&!1(&'!!g/*!,30'23.&!%)/0'%5%/)!532!,30'3(2%'/!&+0)!+,,(1(.+'%30!+2/?!@A! B/)%1/0'!+L+%.+<%.%'*7!"A!:(22/0'!%0'/0&%'*7!+0)!IA!B/+!@TTOA>!!

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`2+;%.!CY(''%!/'!+.>!@TONA>!a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vIN! y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a%0)6)2%L/0! ,(22/0'&7! 532! /F+14./7! +2/! $%8$.*! L+2%+<./! %0! 0+'(2/! +0)! L/.3,%'*! )(/! '3! '$/! ,$+08%08! +'13&4$/2%,! ,30)%'%30&>! #$/213$+.%0/6)2%L/0! ,(22/0'&! +2/! "@_! ! ! 132/! 4/2&%&'/0'! 3L/2! 8/3.38%,+.! '%1/7! +.! Q&! +! 2/&(.'7!'$/*!'/0)!'3!5321!'$/!.+28/&'!,30'3(2%'/!)/43&%'&!+.308!,30'%0/0'+.!1+28%0&!CR%8>! T>"!`A>!! IA ]'2='3!A,98#0$&2A,9?! R32!<3''31! ,(22/0'&! '3! /23)/7! '2+0&432'! +0)! )/43&%'! &+0)7! &31/! 1/,$+0%&1!532!,(22/0'!+,,/./2+'%30!%&!2/J(%2/)>!B+0)!)/43&%'%30!2/J(%2/&!<3''31!,(22/0'! L/.3,%'%/&! %0! '$/! 32)/2! 35! N>_! G! @>_! 1&6@! CB'3=! /'! +.>! "NNTA! CR%8>! T>"! `A>! ]//4! 3,/+0! ,%2,(.+'%30!%&!1(,$!132/!,31130.*!53(0)!+&!+!<23+)!&.(88%&$!5.3=!35!+23(0)!N>@6N>I!1&6@>! Y(,$!.%-/!=$/0!*3(!4.+,/!*3(2!'$(1!"NNVA>!B(,$!5/+'(2/&! 1+*! ! #$/! 9(.5! 35! :+)%;!&$3=&!(&!'$+'!=%'$!&(55%,%/0'!1324$3.38%,+.!532,%087!&+0)!,+0!!!

R(.5%.1/0'!35!'$/&/!,30'23.&!,+0!3,,(2!%0!+!0(1!Q))%'%30+.!<3''31!,(22/0'&!,+0! +.&3! )/43&%'! &+0)&7! 532! /F+14./! %0'/20+.! =+L/&7! %0'/20+.! '%)/&! +0)! '&(0+1%&7! <('! '$/&/! +2/!

!

"#$%&'! S)J*! C?! ]'3#7'56! #5/.%>! U8)! =06607! @%&&'56! A'&8#86'5@'! 253! 6,'! 69A'8! 0/! '>A'@6'3! 3'A08#68)!M?!]'3#7'56!#5/.%>!U8)!=06607!@%&&'56!U'.0@#69)!!

"@^! ! ! 132/!4332.*!(0)/2&'33)!+0)!+44/+2!'3!5321!1(,$!'$%00/2!+,,(1(.+'%30&!35!1%0%1+.!2/&/2L3%2! 43'/0'%+.>!!

#$/2/!%&!+!82/+'!)/82//!35!,305(&%30!%0!'$/!.%'/2+'(2/!+&!'3!'$/!'2(/!)/5%0%'%30!+0)!)%&'%0,'%30!35! &/)%1/0'&! )/43&%'/)! <*! <3''31! ,(22/0'&>! Q))%08! '3! '$/! 8/0/2+..*! +,,/4'/)! )/5%0%'%30! 35! ,30'3(2%'/&!CB'3=!/'!+.>!"NN",G!M/! [0! 2/+.%'*7! &(,$! )/43&%'&! 2/J(%2/! $%8$! /0/28*! <3''31! ,(22/0'&! +0)! '$/2/532/! '/0)! '3! $+L/! /23&%30+.! 5/+'(2/&! +&&3,%+'/)! =%'$! '$/1>! ['! %&! '$/2/532/! 4/2$+4&! 132/! +442342%+'/! '3! '/21! '$/1!8253B&#@,!@0560%'!3'A08#6#052.!8986'78>!!

Y"#"! 5&/.&61).%,-+/<,M1&<6*.8, #$/2/!+2/!+!0(1!T>IA>!a$/2/!)3=0&.34/!423,/&&/&!+2/!%0'/2+,'%08!=%'$! ,30'3(2%'/! )/43&%'%307! <3''31! ,(22/0'! 2/=32-/)! &+0)&! 1+*! +.&3! +,,(1(.+'/! CR%8>! T>IA>! Q! &(,,/&&5(.! 2/&/2L3%2! 1(&'! 423L%)/! 833)! 2/&/2L3%2! 4234/2'%/&! '3! !Y+%0!,30,/20&!+2/!2/&/2L3%2!8/31/'2*7!2/&/2L3%2!)%&'2%<('%30l&'+,-%08!+0)!%0'/20+.!

2/&/2L3%2!,$+2+,'/2%&'%,&! G! $*%' 5)")4#$8'

+0)!O$A>!:+2/!=%..!!

\"#"!"# <-23+N%,'&)5&+A)5C)2+L0'&)'2-4+6'25'?0)5%+6C-22%4&+ H0)3(<'/).*! '$/! ,3+2&/&'! +0)! 13&'! ,31130.*! 53(0)! &+0)&! =%'$%0! ,30'3(2%'/! )/43&%'%30+.! &*&'/1&!+2/!'$3&/!)/43&%'/)!=%'$%0!,$+00/.&>!:30'3(2%'/!/23&%30+.!,$+00/.&!,+0!8>! ,30'3(2%'/! 13+'&A!CR%8>!T>IA>!PF+14./&!$+L/!!"NNVA7! 355&$32/!`2+;%.!CU%+0+!/'!+.>!"NNVA!+0)!%0!'$/!&'()*!42/&/0'/)!$/2/!%0!'$/!9(.5!35!:+)%;!CB'3=!/'! +.>! "N@I! \5!+..! '$/! 43&&%<./! ,30'3(2%'/!&+0)&7! '$%&! 5+,%/&! %&! '$/!13&'! .%-/.*! '3! 2/'+%0! &31/! 42%1+2*!@A>!W%8$!<3''31!,(22/0'!L/.3,%'%/&!%0!,30'3(2%'/!,$+00/.&!=%..!./+)!'3!82+L/.!.+8&7!,./+0! ,3+2&/! &+0)&7! +0)! /23&%30+.! &(25+,/&! +0)! $%+'(&/&! CB'3=! /'! +.>! "NNTA! )(/! '3! =%003=%08! <*! L%8323(&!<3''31!,(22/0'&>![0!'$/!9(.5!35!:+)%;7!'$/&/!&+0)&!2/+,$!v!TN!r!&+0)!,30'/0'!=%'$! $%8$!0/'6'36823&&!+0)!&$3=!13)/2+'/!'3!4332!&32'%08>!Q=+*!5231!'$/!,$+00/.!+F%&7!'$/2/!%&!+! 1+2-/)!2/)(,'%30!%0!,30'3(2%'/!&+0)!'$%,-0/&&!+0)!J(+.%'*>!!

"@V! ! !

"#$%&'! S)L*! e2�%8! @0560%'! 8253! 253! =06607! @%&&'56! &':0&;'3! 8253! 3'A08#6#052.! '5U#&057'568!<82538!#53#@26'3!#5!9'..0:?)!F03#/#'3!/&07!H'&5I53'4BF0.#52!'6!2.)!

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b+,/0'!'3!'$/!1+%0!<3''31!=+'/2!,32/>!#$/!2/&(.'%08!)/43&%'!%&!+! 13)/2+'/.*!!,./+0!&+0)!)/43&%'7!2/+,$%08!3L/2!V_!r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

"@O! ! ! 1+*!! W/2/7!'$/!&+0)*!&/)%1/0'!%&!'$3(8$'!'3!&3(2,/!.3,+..*!5231!)3=0&.34/!C)/<2%'/A!)/43&%'&>!

\"#"!"7 6'25'?0)5%+$'?23%3+-23+V4-&5%0%3+N0)95&+ #$/&/!+2/!'$/!./+&'!.%-/.*!&+0)*!,30'3(2%'/!)/43&%'&!'3!,30&%&'!35!833)7!,./+0!&+0)&!+0)!+2/!35! .%''./! %0'/2/&'! '3! '$/! 4/'23./(1! %0)(&'2*! +&! ,30L/0'%30+.! 2/&/2L3%2&! CR%8>! T>IA>! #$/*! 1+*! $3=/L/2!5321!833)!(0,30L/0'%30+.!2/&/2L3%2&>!Y%/0/2'!/'!+.>!C"NN_A!03'/!'$/%2!&(&,/4'%<%.%'*! 532! 8+&! $*)2+'/! +,,(1(.+'%30>! ! ]%&,2/'/! .+*/2&! 35! &+0)%/2! &/)%1/0'! 1+*! ! #$/&/! %0'/2@A>!!

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a$/2/! ,30'3(2%'/6'(2<%)%'/! 1%F/)! &*&'/1&! ,+0! !#$%&!$+&!+.&3!!@TTOG! U%+0+!+0)!M/!"N@"A>!W/2/7!&/)%1/0'!3L/25.3=!5231!'$/!&$/.5!)%2/,'.*! 5//)&!%0'3!'$/!<3''31!,(22/0'&>!Q))%'%30+.!13)%5%/)!)3=0&.34/!&*&'/1&!+2/!&//0!=$/2/!'$/*! +2/! )/43&%'/)! %0! '$/! 4+'$! 35! L%8323(&! +.308&.34/! ,(22/0'&>! #$%&! 2/&(.'&! %0! 2/8%30&! 35! $%8$! +14.%'()/!+,3(&'%,!2/&430&/!+0)!.+28/6&,+./!! Q.308!'$/!Q.8+2L/!1+28%07!B/%&1%,!H0%'!E"!&$3=&!&/%&1%,!/L%)/0,/!35!'$%&!423,/&&7!=%'$!1+b32! &/)%1/0'! %05.(F! (46,(22/0'! C)/<2%'/&! 2/42/&/0'/)! <*! ,$+3'%,! &/%&1%,! 5+,%/&A! 2/&(.'%08! %0! '$/! )/43&%'%30!35!+!&+0)62%,$!&$//'/)!,30'3(2%'/!)2%5'!)3=0,(22/0'!+0)!<+&%0=+2)&!CR%8>!^>"A>!!

Q0!+.'/20+'%L/!2/&/2L3%2!5+,%/&!)/43&%'/)!$/2/!,3(.)!! a$/2/! )3=0&.34/! 423,/&&/&7! 8/0/2+..*! 3,,(22%08!30!+!'%1/&,+./!35!1%0('/&!'3!)+*&7!+2/!%05.(/0,/)!<*!1(,$!.308/26.+&'%08!C34/2+'%08! 35!+!8/3.38%,+.!'%1/&,+./A!13)/2+'/!<3''31!,(22/0'&7!'$/!5%0/2!82+%0!&%;/&!1+*!!\5'/0!+&&3,%+'/)!=%'$!&+0)62%,$!,30'3(2%'/!)/43&%'%30+.!&*&'/1&7!<3''31!,(22/0'! 2/=32-/)!&+0)&!+2/!53(0)!+.308!,30'%0/0'+.!1+28%0&!=$/2/!<3''31!,(22/0'&!+2/!.3086+,'%08! <('!2/+,$!%0&(55%,%/0'!L/.3,%'%/&!'3!,314./'/.*!)31%0+'/!3L/2!)3=0&.34/!423,/&&/&>!B%0,/!'$/! 1+b32%'*!35!<3''31!,(22/0'&!$+L/!L/.3,%'%/&!%0!'$/!32)/2!35!tIN!,1!&6@7!'$/*!=%..!42/5/2/0'%+..*! 4%2+'/!'$/!5%0/!432'%30!35!'$/!'(2<%)%'/!&/)%1/0'!C1()&!+0)!&%.'&A!+0)!'$/!,3+2&/!432'%30!=%..! 2/1+%0!%0!4.+,/!30!'$/!'(2<%)%'/!./L//!32!5+0!CQ21%&$+=!/'!+.>!@TTOG!B'3=!/'!+.>!"NN"+A!CR%8>! T>IA>!#$/!2/&(.'!%&!+!&+0)62%,$!)/43&%'!/F$%<%'%08!833)!&32'%087!4323&%'*!+0)!4/21/+<%.%'*7!+0)! '$/2/532/!833)!43'/0'%+.!2/&/2L3%2!4234/2'%/&!30!<(2%+.!+2/!/F4/,'/)>![5!'$/2/!=+&!+0*!1%032! 30&/'!35! '$/! Y\a! %0! '$/! c3=/213&'! E.%3,/0/! +.308! '$/! Q.8+2L/! Y+28%0! C&/%&1%,! (0%'! E@! %0! ,$+4'/2! OA7! '$%&! '(2<%)%'/! )/43&%'! ,3(.)! ,30&%&'! 35! 2/=32-/)! &+0)&! +0)! $3.)! &31/! 2/&/2L3%2! 43'/0'%+.>!PF+14./&!35!&(,$!)/43&%'&!$+L/!!@TONA>!Q!.+28/!<3)*!35!=32-!30!<3''31! ,(22/0'! 2/=32-/)! &+0)&! $+&! !"N@"A>!\'$/2!<3''31!,(22/0'! 2/=32-/)!&+0)&!+2/!53(0)!=$/2/!<3''31!,(22/0'&!23('/!)3=0!'(2<%)%'/!,$+00/.&!&(,$!+&!'$3&/! &//0!%0!'$/!9(.5!35!:+)%;!CW+<833)!/'!+.>!"NNIA>!

#$/&/! )/43&%'&! +2/! 35! 82/+'! %0'/2/&'! '3! '$/! $*)23,+2<30! %0)(&'2*! 30! +,,3(0'! 35! '$/%2! ,./+0! 0+'(2/!+0)!+&&3,%+'/)!2/&/2L3%2!43'/0'%+.>!#$/2/!+2/!423)(,%08!5%/.)&!355!'$/!`2+;%.!Y+28%0!'$+'! +44/+2!'3!!"NNVA>!#$/!2/&(.'%08!5+,%/&!35'/0!&$3=! &31/!42/&/2L+'%30!35!&/)%1/0'+2*!&'2(,'(2/&!&(,$!+&!'2+,'%30!&(25+,/&!+0)!1()!)2+4/&!CR%8>! T>@"A! CB$+01(8+1! "NN^A7! 4/2$+4&! )(/! '3! 2/4/+'/)! %05.(F! 35! '(2<%)%'*! ,(22/0'&! '$+'! 42/L/0'! <%3'(2<+'%30!'3!3,,(2!'3!+0*!)/&'2(,'%L/!./L/.>!W3=/L/27!'$/2/!%&!&'%..!,30&%)/2+<./!,30'23L/2&*! 3L/2!'$/!%0'/242/'+'%30>! ""N! ! !

!01%0@'/%&(-#1C(;<$&( I^%&'1#N(U0'$"0N0H<( :/>%'/[@%/01( V#./&>( W&>&'Y0/'(?@#N/%<(

( :3+2&/!,./+0!&+0)&7! s't'>));! Q.308&.34/!/23&%30+.! c%0/+2!5/+'(2/&7!8/0/2+..*! !01%0@'/%&(."#11&N( 35'/0!&$3=%08!,23&&6 PU!N$003! C&$0>/%>! ,$+00/.!5%..! 32%/0'/)!+.308&.34/>! ! ! P,N$003! ( Y+&&%L/!&+0)&!+0)! s't'>));! -"&&%&C(C'/]%(>#1C>! Q882+)+'%30+.!&$//'/)!)2%5'! c+'/2+..*!/F'/0&%L/! %0'/2! P,N$003! !

( P.308+'/!+.308&.34/>! ]%&,2/'/!

""@ !01%0@'/%&(K0@1C&Cd( E2382+)+'%30+.!13(0)/)! B+0)&!35'/0!,.3&/.*! ./0&/&!35!&%.'*l1())*!

! PU!NA00&! ! $N#>%&'&C(0'(]#1(C'/]%>! )2%5'!1324$3.38*! +&&3,%+'/)!=%'$! &+0)&>!Y+&&%L/!G! P,N$003! ,30'3(2%'/!,$+00/.&! <%3'(2<+'/)>! ! ( M/=32-%08!%0!+.308&.34/! W%8$.*!L+2%+<./?! s't'?6"#6@7%! L0%%0K(!@''&1%(W&e0'P&C( Y3)%5%/)!)3=0&.34/!5+0!l! )%2/,'%30!G!35'/0! &/)%1/0'+2*! PU!NA00&! -#1C>( ./L//!&*&'/1! +&&3,%+'/)!=%'$! &'2(,'(2/&!,31130>! P,NU2=.'! )3=0&.34/!5+0!&*&'/1&! Y()!)2+4/&>! !

( :30'+%0/)!=%'$%0! W%8$.*!L+2%+<./?! s't'5))"613)/2+'/! ]3=0&.34/!,$+00/.!32! R1%&'1#N(;/C&(-#1C>( )3=0&.34/!,$+00/.&!+0)! &'2(,'(2/&!,31130>! PU!NA00&! ( ,+0*30!5%..! ,+0*30&! Y()!:3(4./'&>! P,NA00&! ! !+2=.'!S)(*!c'9!/'26%&'8!0/!3#//'&'56!@0560%'!8253!3'A08#68)! ! @! ! ! Y"#"4 0.3%1,M&.%/.)+',5&/.&61).%,J%8%1N&)1,@+*)%8, #$/2/! $+&! ! \'$/2! 43'/0'%+.! ,30'3(2%'/! 2/&/2L3%2&! ! "N@"A7! 8+&! $*)2+'/&! CB$+3! /'! +.>! "NNVA! +0)! (0,30L/0'%30+.!8+&!+0)!3%.!&$+./!2/&/2L3%2&!CU%+0+!+0)!Q.1/%)+!h2>!"N@"A>!]/'+%./)!&'()%/&!+2/! */'!'3!+&&/&&!=$/'$/2!'$/&/!=3(.)!1+-/!L%+<./!/F4.32+'%30!'+28/'&!+0)!%&!+0!+2/+!532!5(2'$/2! =32->!!

12&=0526'8!+2/!%0,2/+&%08.*!!:$+.-&!+2/!/F4/,'/)!'3! !"NN")A!+0)!%0!'$/!&(<&(25+,/!CB(2.*-!+0)!c*--/6Q0)/2&/0! "NNVG! "NNOG! M+&1(&&/0! +0)! B(2.*-! "N@"A>! B(<&(25+,/! /F+14./&! 5231! '$/! ]+0%&$! +0)! E+2%&! `+&%0&!2/L/+.!'$+'!<3''31!,(22/0'&!2/=32-/)!+0)!/23)/)!'$/!Z32'$!B/+!:$+.-&!35!'$/!H44/2! :2/'+,/3(&7!5321%08!/23&%30+.!,$+00/.&!+0)!8%+0'!/.308+'/!13(0)/)!)2%5'&!CR%8>!T>K!QA>!

!"#$%&'!S)[*!C?!C5!'.05$26'!70%53'3!@,2.;!@0560%'!3&#/6!/&07!6,'!bAA'&!1&'62@'0%8!Q25#8,! M28#5)! "&07! ]%&.9;! 253! Z9;;'BC53'&8'5!

"""! ! ! \'$/2! 43'/0'%+.! ,+2<30+'/! 2/&/2L3%2&! %0,.()/! ,3.)! =+'/2! 2//5&7! =$/2/! %0'/0&%5*%08! <3''31! ,(22/0'&!42313'/!823='$!<*!423L%)%08!0('2%/0'&!+0)!533)!5.(F!'3!2//5!328+0%&1&7!+0)!=%003=! +=+*!5%0/&!C`b/2+08/2!/'!+.>!"N@NA>!:3.)!=+'/2!,32+.!13(0)&!35'/0!5321!+.308!'$/!23('/&!35! L%8323(&!,(22/0'&!'$+'!$+L/!,2/+'/)!$+2)6823(0)&!532!,32+.!&/''.%08!+0)!823='$!CW(L/00/!/'!+.>! "NNTA>!#$/!,32+.!13(0)&!'$/1&/.L/&!+2/!/F4/,'/)!'3!$+L/!13)/2+'/!2/&/2L3%2!4234/2'%/&!(430! <(2%+.! C&(!\0.*!=$/2/!'$/*!+2/!+&&3,%+'/)!:#6,!3'$/2!,30'3(2%'/!5+,%/&! 1+*!'$/*!!:32+.!13(0)&!,+0!5321!&4/,'+,(.+2!&'//46&%)/)!3<&'+,./&!30!'$/!&/+! 5.332! '$+'! ,+0! +14.%5*! <3''31! ,(22/0'&! +0)! 2/&(.'! %0! +&&3,%+'/)! &+0)! )/43&%'%30! CR%8>! T>K! `A! Ca$//./2!/'!+.>!"NN_G!W(L/00/!/'!+.>!"NNTA>!!

Y"#"E 5&/.&61).%,J%8%1N&)1,F<%/.)G)*+.)&/,

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

@A "]!&/%&1%,!)+'+!,+0!!\5!4+2'%,(.+2!%0'/2/&'!+2/!'$3&/!'(2<%)%'/!&*&'/1&!'$+'!$+L/! !! "A :30'3(2%'/!,$+00/.&!1+*!!#$/*!'/0)!'3!! IA a$/2/!I]!&/%&1%,!)+'+!,+0!!B/%&1%,! +14.%'()/!1+44%08!35!&(25+,/&!,+0!/F'/0(+'/!&(,$!5/+'(2/!+&!$+&!!C"NNVA!CR%8>!T>_A>!B(,$!5/+'(2/&!,+0!

""I! ! !

!

"#$%&'!S)_*!]07'!3'A08#6#052.!253!'&08#052.!/'26%&'8!0=8'&U'3!2.05$!6,'!M&24#.!F2&$#5!#5!LQ! 8'#87#@!3262)!F2#5!72A!<60A!.'/6?!8,0:!2!WF]!8'#87#@!27A.#6%3'!72A!0/!6,'!Z26'!Y0@'5')!F2A! 2AA&0>)!(KK!7!2@&088!253!8,0:8!2!U2&#'69!0/!8'3#7'56!:2U'8!3&#/68!253!'&08#052.!2.05$8.0A'B 0&#'5626'3!@,255'.8)!F03#/#'3!/&07!e#252!'6!2.)!

\"#":"! <%3)/%25+8-*)%&+I%*'12)5)'2+ ['! %&! %143&&%<./! '3! 423L%)/! +! ,./+2! &/'! 35! )%+803&'%,! ,2%'/2%+! 532! ,30'3(2%'/! &+0)&>! M+'$/2! +! 0(1!:32/!+0)!&/)%1/0'!)+'+!&$3(.)!+.=+*&!!g/*!5/+'(2/&!'3!%)/0'%5*!+2/G!

! M/L/2&/!+0)!0321+.!82+)%08!G!4+2'%,(.+2.*!,.3&/!'3!/23&%30+.!&(25+,/&>!! ! P23&%30+.!&(25+,/&!=%'$!&(<'./!82+)%08!+<3L/!+0)!!

""K! ! ! \0.*!.%1%'/)!,32/!/F+14./&!35!,30'3(2%'/!5231!'$/!&(<&(25+,/!/F%&'7!+0)!+2/!8/0/2+..*!35!'$/! `2+;%.%+0! Y+28%0! /F+14./&! 5231! '$/! :+143&! +0)! B+0'3&! `+&%0&>! R%8(2/! T>^! &$3=&! 30/! &(,$! /F+14./!35!,30'3(2%'/!&+0)&!'$+'!&$3=!.3,+.%;/)!.+1%0+'%30&>!#$/*!+2/!,.3&/.*!+&&3,%+'/)!=%'$! $%8$.*!<%3'(2<+'/)!1()&!+0)!&%.'&>!!!

!

"#$%&'! S)^*! H#$,.9! @9@.#@! 82538! :#6,! =#06%&=26'3! 8#.68)! P06'! @.08'! 2880@#26#05! :#6,! @07A.'6'.9! &':0&;'3!7%38605'8)!Y>27A.'!/0&7!6,'!M&24#.#25!F2&$#5!:'..!VBMWB(VQBWl]!+BKJ!8'@6#058!1fB K(!E!1fBK^)!F03#/#'3!/&07!F%66#!253!12&7#5266#!

""_! ! ! Q"! -D'2+)-T+')%4+(@-0<,'+@-J,=+A',-

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

!

"#$%&'!S)`*!C8A'@68!0/!2!8%@@'88/%.!A'6&0.'%7!8986'7)!C!$'5'&26#5$!80%&@'a!7#$&26#05!A26,:29a! &'8'&U0#&a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

Y"!"! -%+', R32!+!5+,%/&!'3!5321!+0!/55/,'%L/!&/+.7!+!.3=!4323&%'*!+0)!4/21/+<%.%'*!%&!2/J(%2/)>!#$%&!=%..!$/.4! '$/!,+4%..+2*!)%&4.+,/1/0'!42/&&(2/!35!'$/!23,-!'3!/F,//)!'$/!$*)23,+2<30!<(3*+0,*!42/&&(2/! +0)! '$(&! 42/L/0'! (4=+2)! 1%82+'%30! CQ../0! +0)! Q../0! @TTNA>! a$/2/! &+0)*! ,30'3(2%'/&! +,,(1(.+'/7!,$+08/&!%0!,.%1+'/7!/(&'+&*7!32!1+28%0!1324$3.38*!,+0!2/&(.'!%0!+!,$+08/!%0!'$/! $*)23)*0+1%,!2/8%1/>![5!'$%&!2/)(,/&!'$/!<3''31!,(22/0'!L/.3,%'*7!/%'$/2!<*!+!,$+08/!%0!'$/! )2%L%08!532,/!32!+!2/.3,+'%30!35!'$/!=+'/2!,32/7!'$/0!1())*!,30'3(2%'/!)/43&%'%30!=%..!42/L+%.>! a$/2/!'$/!<3''31!,(22/0'!%&!2/)(,/)!5(2'$/27!32!,314./'/.*!'(20/)!3557!4/.+8%,7!$/1%4/.+8%,!32! )3=0&.34/!423,/&&/&!1+*!!Q..!'$/&/!)/43&%'&!,+0!!c+'/2+..*7!&+0)*!,30'3(2%'/&!=%..!7!"NNVA>!!

Y"!"4 B1+2,@&1:+.)&/, :30'%0/0'+.!1+28%0&!423L%)/!&/L/2+.!34432'(0%'%/&!532!$*)23,+2<30!'2+4!5321+'%307!+0)!+&!+! 2/&(.'7!/F4.32+'%30!+.308!'$/!,30'%0/0'+.!&.34/&!$+&!!:30'3(2%'/!2/&/2L3%2&!,+0!!#$/!.+'/2+.!82+)%08!35!2/&/2L3%2!J(+.%'*!5+,%/&!'3!1()6)31%0+'/)!%0!+..!)%2/,'%30&! %0!+!,30'3(2%'/!)2%5'7!./0)&!%'&/.5!'3!&'2+'%82+4$%,!'2+44%08!CU%+0+7!"NNOA>!

:30'3(2%'/! &*&'/1&! $+L/! '$/! ,+4+,%'*! '3! 423L%)/! +..! '$/! 2/J(%2/)! +&4/,'&! 532! +! 5(0,'%30%08! 4/'23./(1!&*&'/17!/L%)/0,/)!<*!$%8$!4235%./!/F+14./&!5231!'$/!:+143&!`+&%0!CY(''%!/'!+.>7! @TONG!Y32+/&!/'!+.>7!"NNVG!U%+0+!/'!+.>7!"NNOA>!\'$/2!/F+14./&!%0,.()/!,30'3(2%'/&!5231!'$/! 9(.5!35!Y/F%,3!CB$+01(8+0!@TTIG!@TT_A7!Z32'$!B/+!CP0b32.+&!+'!+.>7!@TO^A7!+0)!'$/!9(.5!35!:+)%;! C:+-/<2/+)6`23=0!/'!+.>7!"NNIG!R/20X0)/;6E(8+!/'!+.>7!"NNVA>!#$/2/!%&!+!&'2308!.%-/.%$33)!'$+'! 1+0*! 132/! /F+14./&! /F%&'7! <('! $+L/! !B(,$!2/&/2L3%2&!1+*!!#$%&!2/&/+2,$!+%1&!'3!,$+2+,'/2%&/!43'/0'%+.!2/&/2L3%2! ,30'3(2%'/!7!"N@@A>!!

!

""V! ! ! Q"7 -8*,A(,,*%&-

#$%&!&'()*!2/L/+.&!'$+'!,30'3(2%'/!&+0)&!35!833)!43'/0'%+.!$*)23,+2<30!2/&/2L3%2!J(+.%'*!+2/! )/43&%'/)!30.*!=%'$%0!&4/,%5%,!/0L%2301/0'&!=%'$%0!+!&+0)*!,30'3(2%'/!)/43&%'%30+.!&*&'/1>!Q! 42/5/22/)! $*)23,+2<30! 2/&/2L3%2! &$3=&! 833)! 4323&%'*7! 833)! L/2'%,+.! +0)! $32%;30'+.! 4/21/+<%.%'*7!+0)!833)!.+'/2+.!+0)!L/2'%,+.!,30'%0(%'*!!#$/!2/&(.'&!5231! '$%&!&'()*!&$3=!833)!.+'/2+.!,30'%0(%'*!35!@A>! :./+0! &+0)&! CvVN! r! &+0)A! +,,(1(.+'/! 3L/2! =%)/2! +2/+&! 35! '$/! &/+! ! :30'3(2%'/! ,$+00/.&!&$3=!'$/!@A>!a$/2/!<3''31!,(22/0'&!2/+,$!&(55%,%/0'!L/.3,%'%/&7!&+0)!%&!)/43&%'/)! +0)! 1()! +0)! &%.'6&%;/)! 4+2'%,./&! +2/! 5.(&$/)! 3('! 35! '$/! &*&'/1>! #$/! 2/&(.'%08! )/43&%'! %&! /F4/,'/)! '3! &$3=! /F,/../0'! 2/&/2L3%2! 43'/0'%+.! 30! <(2%+.>! Q! &(<&(25+,/! /F+14./! $+&! 7!"NNVA>!

:+2<30+'/! ,30'3(2%'/! 2/&/2L3%2! 23,-&! +2/! ,314+2+'%L/.*! ./&&! 2/&/+2,$/)! +0)! (0)/2&'33)>! W3=/L/27!2/,/0'!=32-!%0!'$/!]+0%&$!`+&%0!&$3=&!/L%)/0,/!532!=$+'!%&!(0)3(<'/).*!,30'3(2%'/! +,'%L%'*!%0!'$/!H44/2!:2/'+,/3(&!,$+.-!&(,,/&&%30!CB(2.*-!+0)!c*--/6Q0)/2&/07!"NNVA>!B(,$!+! )%&,3L/2*!34/0&!(4!'$/!43&&%<%.%'*!35!,30'3(2%'/!,$+.-&!8>!B4/0,/2!/'! +.>7!"NNOA>!

#$/!%0)(&'2*!%0'/2/&'!%0!,30'3(2%'/&!%&!2+4%).*!8+'$/2%08!4+,/>!a%'$%0!'$/!.+&'!&/L/0!*/+2&7!'$/2/! $+&! ! "N@"G! B'3=! /'! +.>! "N@@G! U%+0+! +0)! Q.1/%)+! h2>! "N@"A! +0)! 30/! %0)(&'2*! =32-&$34!C`2+,-/02%)8/!/'!+.>!"N@I+A>!`(2%/)!,30'3(2%'/!13(0)/)!)2%5'&!35!E+./3,/0/!%0!+8/! $+L/! ! @TONG! Y32+/&! /'! +.>! "NNVA7! Z/=53(0).+0)!Y+28%0!CPF4/)%'%30!IK"!B,%/0'%&'&!"N@"A7!+0)!'$/!Q52%,+0!Y+28%0&!C#$314&30! 4/2&>,311>A! =%'$! +))%'%30+.! <(2%/)! 13(0)/)! )2%5'&! %)/0'%5%/)! %0! '$/! Y%3,/0/! 355&$32/! Z/=! f/+.+0)! CR(.'$324/! /'! +.>! "N@NA! +0)! :2/'+,/3(&! ]+0%&$! `+&%0! CB(2.*-! +0)! c*--/6Q0)/2&/0! "NNVA>!Q.'$3(8$!'$/&/!13(0)/)!)2%5'&!+2/!8/0/2+..*!,3143&/)!35!1()!32!,$+.-7!['!%&!,./+2!'$+'! <3''31!,(22/0'&!$+L/!! #$/&/! &+0)62%,$! )/43&%'&! $+L/7! +&! */'7! 30.*! !@TONG!P0b32.+&!/'!+.>!@TO^G!Y32+/&! /'!+.>!"NNVA!+0)!(0)3(<'/).*!132/!$+L/!!#$%&!%&!.+28/.*! )(/!'3!4332!(0)/2&'+0)%08!35!'$/!42/&/2L+'%30!35!)/5%0%08!5/+'(2/&!+0)!+!.+,-!35!+!23<(&'!&/'!35!

""O! ! ! )%+803&'%,!,2%'/2%+>!#$%&!'$/&%&!42/&/0'&!'$/!13&'!(4!'3!)+'/!(0)/2&'+0)%08!35!,30'3(2%'/!&+0)! ,$+2+,'/2%&'%,&!+0)!%1432'+0,/!'3!)+'/>!#$/!.+,-!35!,./+2!%)/0'%5%,+'%30!,2%'/2%+!$+&!./)!'3!'$/! 4/'23./(1!%0)(&'2*!&//-%08!3'$/2!2/&/2L3%2&!3L/2!'$/!.+&'!'$2//!)/,+)/&!G!1+%0.*!'(2<%)%'%,!%0! )//4!=+'/2!&/''%08&>!!

!Q,,(2+'/!%)/0'%5%,+'%30!35!,30'3(2%'/!5+,%/&7!+0)!'$/%2!)%&'%0,'%30!5231!3'$/2!)//4!=+'/2!&+0)&! =%..!$+L/!82/+'!,30&/J(/0,/&!532!'$/!)/62%&-%08!35!/F4.32+'%30!'+28/'&7!+&!=/..!+&!+%)%08!=/..! 4.+00%087!<+&%0!13)/..%08!+0)!423)(,'%30!&'2+'/8*>!H.'%1+'/.*7!'$/!2/,3L/2+<./!2/&/2L/&!1+*! !!

Q"> -$%&A4(,*%&,--

`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

#$/! 9(.5! 35! :+)%;! +0)! 3'$/2! &+0)62%,$! ,30'3(2%'/! )/43&%'%30+.! &*&'/1&! &$3=! '$/2/! ,+0! ^I! k17! +0)! '$+'! %5! '$/2/! %&! +! &/)%1/0'! %05.(F! 5231! '$/! &$/.5! '3! +! <3''31! ,(22/0'! &*&'/17!'$/0!'$/2/!%&!'$/!43&&%<%.%'*!35!+,,(1(.+'%08!,30'3(2%'%,!&/)%1/0'&!30!'$/!&.34/!'$+'! $+L/! L/2*! +''2+,'%L/! 4234/2'%/&! 532! '$/! $*)23,+2<30! %0)(&'2*>! B%0,/! 1%&%0'/242/'+'%30! 35! ,30'3(2%'/! )/43&%'&! $+&! %1432'+0'! %14.%,+'%30&! 532! 2/&/2L3%2! +2,$%'/,'(2/! +0)! 2/&/2L3%2! 13)/..%087!%'!%&!35!82/+'!%1432'+0,/!'$+'!,30'3(2%'/!&+0)!&$//'&!+2/!%)/0'%5%+<./!%0!8/34$*&%,+.! +0)!,32/!)+'+>!R32!+!23<(&'!%)/0'%5%,+'%30!'3!!! ""T! ! ! ! ! ! ! ,%"(:'/)%"/*2*K'$#4-$*L%$M* ! !

-

! -

- "IN! ! ! +N F'$#3+$,A%$G,1,*%"(8'.)%".* !

#X"# L()'2+)-V%)Y-

[0! "THIA' $*%' (#($#%$*' 6&&#?%"46"8' )(' $*%' (#"4$' +1)&$)2"#$%9' 565%"' 16:%' 6&;' !%&$' !#$*' 7#$$7%' +,-03=./)8/1/0'>!['!)3,(1/0'/)!'$/!5%2&'!/L%)/0,/!'$+'!)//4!=+'/2!,(22/0'&!=/2/!,+4+<./!35! 2/=32-%08!'$/!&/+!5.332!CW//;/0!+0)!W3..%&'/2!@T^IA>!B%0,/!'$+'!'%1/7!1(,$!42382/&&!$+&!@A!CM/!"N@KA>! [0!&4%'/!35!'$%&7!'$/2/!+2/!&'%..!+!0(1

@A P26%&'!0/!=06607!:26'&!/.0:*!PF+,'.*!$3=!)3!<3''31!,(22/0'&!2/.+'/!'3!'$3&/!5/+'(2/&! &//0! 30! '$/! &/+! 5.332~! W3=! )3/&! '$/! 5.3=! +55/,'! '$/! ! &(&4/0)/)! .3+)! 432'%30&! =%'$%0! '$/!

"I@! ! ! #$%&!2/&/+2,$!$+&!830/!&31/!=+*!'3!+0&=/2%08!&31/!35!'$/&/!2/1+%0%08!J(/&'%30&7!<('!1+0*! 132/!2/J(%2/!5(2'$/2!=32->!W/2/7!2/,311/0)+'%30&!30!5(2'$/2!=32-!<+&/)!30!'$%&!2/&/+2,$! '$/&%&!+2/!3('.%0/)>!!

#Z"#"# B3%,$6'G,&G,5+<)L,5&/.&61).%,7%2&8).)&/+',-98.%:, :$+4'/2!^!1+-/&!42/&/0'&!+!0/=!13)/.!532!4+&'!Y\a!+,'%L%'*!+0)!,30'3(2%'/!/L3.('%30!%0!'$/! /+&'/20!D(+'/20+2*!&/,'%30!35!'$/!9(.5!35!:+)%;7!+0)!+!0/=!%0'/242/'+'%30!35!+!E.%3,/0/!<(2%/)! 1%F/)!&*&'/1!+0)!+&&3,%+'/)!&$//'/)!)2%5'!+.308!'$/!032'$/20!1+28%0>!\('&'+0)%08!J(/&'%30&! 5231!'$/!=32-!30!'$/!/+&'/20!9(.5!35!:+)%;!&+0)*!,30'3(2%'/!)/43&%'%30+.!&*&'/1!%0,.()/G!!

! a$/2/!+2/!'$/!-/*!&/)%1/0'!423L/0+0,/&!+0)!&/)%1/0'!%05.(F!23('/&!%0'3!'$%&!:]B~!['! %&! ,./+2! 5231! ,3143&%'%30+.! )+'+! '$+'! '$/2/! %&! ,$+08%08! &/)%1/0'! 423L/0+0,/! 3L/2! '%1/7! <('!=$+'! +2/! '$/*~!Q!5(..! +0+.*&%&!35!1%0/2+.38*! +0)! $/+L*!1%0/2+.!,30'/0'! %&! 2/,311/0)/)!'3!5(2'$/2!(0)/2&'+0)!'$/!&/)%1/0'!<()8/'!35!'$/!&*&'/1!<3'$!%0!'$/! /+&'/20!9(.5!35!:+)%;7!+0)!'$/!=%)/2!9(.5!35!:+)%;!1+28%0>!! ! a$+'!)%)!'$/!/+&'/20!9(.5!35!:+)%;!.33-!.%-/!42%32!'3!'$/!30&/'!35!@N7NNN!*/+2!,.%1+'%,! ,*,./&~!['!%&!,./+2!5231!'$/!&'()*!%0!'$/!032'$/20!9(.5!35!:+)%;!'$+'!'$/!Y%)6E./%&'3,/0/! M/L3.('%30! 4.+*/)! +0! %1432'+0'! 23./! %0! ,$+08%08! '$/! )/43&%'%30+.! 5/+'(2/&! 35! '$/! 1+28%0>! W3=! )%)! %'! +55/,'! '$/! ,30'3(2%'/! &+0)&! 13&'! 423F%1+.! '3! '$/! 9%<2+.'+2! 9+'/=+*~!

#$/! Q.8+2L/! Y+28%0! %0! '$/! 032'$! 35! '$/! 9(.5! 35! :+)%;! $+&! &31/! 2/1+%0%08! J(/&'%30&! +.&3! &'+0)%08>! \L/2! '$/! ,3(2&/! 35! '$%&! '$/&%&! 2/&/+2,$7! &/)%1/0'! ,32/&! =/2/! ,3../,'/)! 5231! '$/! 2/8%30!30<3+2)![\]E!PF4/)%'%30!IIT>!!#$/&/!$+L/!03'!+&!*/'!!!

#$/! &/%&1%,! )+'+! $+&! +.&3! 423L%)/)! +! 82/+'! )/+.! 35! %05321+'%30! '$23(8$! '$/! ,3(2&/! 35! '$%&! &'()*>! R(2'$/2! =32-! %&! 2/,311/0)/)! '3! .%0-! '$/! '=3! &'()*! +2/+&! +0)7! =%'$! '$/! 0/=! (0)/2&'+0)%08!42/&/0'/)!%0!'$%&!'$/&%&7!42/&/0'!+!5(..*!%0'/82+'/)!%0'/242/'+'%30!35!'$/!9(.5!35! :+)%;!:]B!=%'$!%0,.()/&!&/,'32&!@6K>!!

#Z"#"! 53+1+*.%1)8)/(,5&/.&61).%,-+/<8, #$%&!&'()*!(&/&!+0!/F'/0&%L/!)+'+6&/'!5231!'$/!9(.5!35!:+)%;!+0)!423L%)/&!30/!35!'$/!.+28/&'!C%5! 03'!6,'!.+28/&'A!&/)%1/0'3.38%,+.!+0+.*&/&!35!+!&%08./!&+0)62%,$!,30'3(2%'/!)/43&%'%30+.!&*&'/1>! #$%&!2+%&/&!&31/!%1432'+0'!J(/&'%30&G!

! Q2/! '$/! ,30'3(2%'/! &+0)&! %0! '$/! 9(.5! 35! :+)%;! 2/42/&/0'+'%L/! 35! +..! 3'$/2! ,30'3(2%'/! &+0)!)/43&%'%30+.!&*&'/1&!5231!+23(0)!'$/!8.3

"I"! ! ! &/)%1/0'! &+14./&! %&! 2/,311/0)/)7! %0,.()%08! &35'! &/)%1/0'! 13)/20! /F+14./&! 5231! L+2%3(&!1+28%0&!+0)7!%5!43&&%<./7!%0)(&'2*!&(<&(25+,/!,32/&>!! ! :+0! &/)%1/0'! 82+%0! &%;/! 4+2+1/'/2&! !'(2<%)%'/!L&>!4/.+8%,!+0)!&3!30A>!Q!5%2&'!&'/4!'3!'$%&!$+&!!@N>@A>!

"#$%&'! (K)(*! T&'.#7#52&9! 252.98#8! 0/! DGQT! Y>A'3#6#05! LLS! 6'>6%&2.! 252.98#8! 28! 3#U#3'3! =9! 3'A08#6#052.!'5U#&057'56)!!

#Z"#"4 5&/.&61).%8,[).3)/,+,-%O6%/*%,-.1+.)(1+23)*,@1+:%[&1T, Q.'$3(8$! :$+4'/2! O! $+&! 1+)/! +! 833)! 5%2&'! &'/4! '3=+2)&! '$/! %0'/82+'%30! 35! ,30'3(2%'/&! =%'$! )//4! =+'/2! &/J(/0,/! &'2+'%82+4$%,! 13)/.&7! '$/2/! +2/! &'%..! 1+0*! (0+0&=/2/)! J(/&'%30&! +0)! &,34/!532!5(2'$/2!=32-G!

! #$/!13)/.&!423L%)/!'=3!/0)61/1!a$+'! $+44/0&!=$/0!'$/2/!+2/!.+28/!/23&%30+.!'/22+,/&~!\2!&'+,-/)!=+'/2!1+&&/&!+55/,'%08! '$/!1+28%0~!

"II! ! ! ! a$/2/!&/)%1/0'!&(44.*!%0'3!'$/!<+&%0!%&!132/!2/&'2%,'/)!&3!'$+'!)3=0&.34/!423,/&&/&! ,+003'!)31%0+'/7!$3=!)3/&!'$%&!+55/,'!'$/!13)/.~! ! W3=! )3/&! /23&%30! +55/,'! +,,3113)+'%30! &4+,/7! +0)! '$/2/532/! &'+,-%08! 4+''/20&~! P23&%30! ,+0! ,+(&/! .3,+.! &(<6<+&%0&! +.308! 1+28%0&7! $3=! )3! '$/&/! +55/,'! &'+,-%08! 4+''/20&~! ! #$%&! &'()*! /F+1%0/)! &/J(/0,/! &'2+'%82+4$%,! ,30'23.&! 30! ,30'3(2%'/! %0! 8/0/2+.>! `('! =$+'!+<3('!,30'3(2%'/!&+0)&!&4/,%5%,+..*>!:+0!'$%&!13)/.!

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`(%.)%08!(4!+!8.3<+.!)+'+6&/'!35!,30'3(2%'/!&+0)!/F+14./&!%&!-/*! '3!)/'/21%0%08!'$/%2!4/'23./(1!43'/0'%+.!+0)!42313'/!%0)(&'2*!%0'/2/&'>!a%'$!132/!+0)!132/! ,30L%0,%08!/F+14./&!,31%08!5231!<+&%0&!355&$32/!`2+;%.7!4/2$+4&!132/!,314+0%/&!=%..!!

#X"! $%&A4(,*%&,--

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

R231!'$%&!2/&/+2,$!'$/!53..3=%08!,30,.(&%30&!,+0!

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c3=/2!&.34/!,30'3(2%'/!,$+00/.&!+0)!+&&3,%+'/)!5+0!)2%5'&>!! [[> #$/! Y\a! %&! 1(,$! 132/! 13<%./! +0)! L+2%+<./! '$+0! 42/L%3(&.*! '$3(8$'! +0)! '$/2/! %&! /L%)/0,/!'$+'!%'!%05.(/0,/)!'$/!1%)6!+0)!.3=/2&.34/!)(2%08!8.+,%+.!,30)%'%30&!+0)!'$/! (44/26!+0)!1%)&.34/!)(2%08!%0'/28.+,%+.&!C+&!%&!&//0!'3)+*A>! [[[> Q!1%F/)!&*&'/1!+0)!+&&3,%+'/)!&$//'/)!)2%5'!%&!%)/0'%5%/)!%0!'$/!E.%3,/0/!35!'$/!Q.8+2L/! Y+28%0! C032'$/20! 9(.5! 35! :+)%;A! '$+'! &$3=&! '$/! ,$+08%08! )31%0+0,/! ! [U> :30'3(2%'/! ,$+2+,'/2%&+'%30! 2/J(%2/&! '$/! %0'/82+'%30! 35! +,3(&'%,7! ,32/! +0)! &/)%1/0'! )+'+>!E+.+/3,/+0382+4$%,!+0)!1+28%0!2/,30&'2(,'%30!%&!/&&/0'%+.!532!<(%.)%08!42335!35! ,30'3(2%'/!)/43&%'%30!%0!'$/!&(<&(25+,/>!! U> #$/2/!%&!03!&%08./!,30'3(2%'/!&+0)!5+,%/&!&/J(/0,/!13)/.7!+0)!'$2//!0/=!13)/.&!$+L/! ! g/*! 5/+'(2/&! +2/! /23&%30+.! &(25+,/&7! 0321+.! +0)! 2/L/2&/! 82+)%087! +0)! $%8$! <%3'(2<+'%30! 2+'/&! %0! '$/! +&&3,%+'/)! 5%0/2!5+,%/&>! U[> 92+%0!&%;/!)%&'2%<('%30&!&$3=!5%0/682+%0/)!,30'3(2%'/&!+2/!)31%0+'/)!<*!&/''.%08!=%'$!+! 1+%0.*! $/1%4/.+8%,! &/''.%08! &(44.*7! 1/)%(1682+%0/)! ,30'3(2%'/&! 2/&(.'! 5231! )/43&%'%30+.! 423,/&&/&! 5231! +! 1%F/)! $/1%4/.+8%,l+.308&.34/! &(44.*7! +0)! ,3+2&/6 82+%0/)!,30'3(2%'/&!+2/!&%80%5%,+0'.*!+55/,'/)!<*!/23&%30+.!C=%003=%08A!423,/&&/&>!!! U[[> `3''31!,(22/0'&!,+0!! Q&! +! 2/&(.'7! '=3! /0)61/1!! U[[[> R32! ,30'3(2%'/! &+0)&! '3! +,,(1(.+'/7! -/*! ,30'23.&! 2/J(%2/! %'! '3! $+L/?! @A! Q! &+0)*! &/)%1/0'!&(44.*7!/%'$/2!5231!+0!+.308&.34/!32!)3=0&.34/!423L/0+0,/G!"A!R+L3(2+<./! <+&%0!1324$3.38*!'3!+..3=!532!'$/!+14.%5%,+'%30!35!<3''31!,(22/0'&G!+0)!IA!Q!&'2308! <3''31!,(22/0'!'$+'!34/2+'/&!3L/2!+!8/3.38%,+.!'%1/&,+./>! [p> #$/!! #$/&/! 1+-/! '$/! !

"I_! ! ! p> Q,,(2+'/! %)/0'%5%,+'%30! 35! ,30'3(2%'/! 5+,%/&7! +0)! '$/%2! )%&'%0,'%30! 5231! 3'$/2! )//4! =+'/2!&+0)&!=%..!$+L/!82/+'!,30&/J(/0,/&!532!'$/!)/62%&-%08!35!/F4.32+'%30!'+28/'&7!+&! =/..!+&!+%)%08!=/..!4.+00%087!<+&%0!13)/..%08!+0)!423)(,'%30!&'2+'/8*>!!

#$/!%0'/2/&'!%0!,30'3(2%'/&!+0)!,30'3(2%'/!&+0)&!$+&!%0,2/+&/)!%11/0&/.*!3L/2!'$/!,3(2&/!35! ,314./'%08! '$%&! 2/&/+2,$! '$/&%&7! =%'$! <3'$! %0)(&'2*! +0)! +,+)/1%,! %0L3.L/1/0'! %0! '$/! ,30'3(2%'/! ,311(0%'*! 823=%08! */+2! <*! */+2>! #$/! 423<./1! &'%..! &'+0)&! '$+'! ,30'3(2%'/! &+0)&! 2/1+%0!$%8$.*!/.(&%L/!%0!'$/!&(<&(25+,/>!#3!'$%&!/0)7!+!52/J(/0'!J(/&'%30![!$+L/!

!Q.)+1')*)$%+(*+%.)+8)3+%#!%.)+1,*%9!

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

!

! !

"I^! ! ! ++ 2+=+$+"(+.* !

Q-$1/';$+03L7!Q>7!g/0*307!Z>7!W+<833)7!P>7!U/0!]/2!Y3../07!Q>7!Z%/.&/07!#>7![L+03L7!Y>7!+0)! B$+&$-%07! E>! C"NNVA>! •Z32'$! Q'.+0'%,! ,30'3(2%'/! &+0)! ,$+00/.&•7! %0! Q>! U%+0+! +0)! Y>! M/A7!Y@0507#@!253!T2.2'0@'250$&2A,#@!]#$5#/#@25@'!0/!10560%'!Q'A08#68)! c30)30?!9/3.38%,+.!B3,%/'*>! Q./b37![>7!Z317!P2,%..+7!9>7!`2+,-/02%)8/7!M>7!R2+0,}&7!9>7!E}2/;6Q2.(,/+7!Y>7!Y/0+7!Q>7! W/20X0)/;6Y3.%0+7! R>7! B'3=7! ]>7! +0)! Y/)%+.)/+7! #>! C"N@"A>! •:+2+,'/2%;+,%d0! )/! .3&! &/)%1/0'3&!&(4/25%,%+./&!/0!'2/&!&%&'/1+&!)/43&%,%30+./&!,30'320z'%,3&!C93.53!)/!:X)%;7! :+<3! \2'/8+.! *! P.! :+,$(,$3A?! %14.%,+,%30/&! ,30,/4'(+./&>! CM/,/0'! &/)%1/0'&! ,$+2+,'/2%;+'%30!35!'$2//!,30'3(2%'/!)/43&%'%30+.!&*&'/1&!C9(.5!35!:+)%;7!\2'/8+.!B4(2! +0)!P.!:+,$(,$3A?!,30,/4'(+.!%14.%,+'%30&A>•!-'0B+'7287!@I7!_I_6"I^>! Q../07!E>!C@TTVA>!Y2&6,!]%&/2@'!T&0@'88'87!\F532)?!`.+,-=/..>! Q.L/&7!#>7!9+='$324/7!M>7!+0)!W(0'7!]>!C"NNIA>!•:/03;3%,!'/,'3036&/)%1/0'+2*!/L3.('%30!35!'$/! =/&'/20![•!F2'!-'0.0$97!@T_7!V_6@NO>! Q1<+27![>7!Q21%7!c>7!`3=/27!Q>7!+0)!R/22/%2+7!#>!C@TTTA>!•B31/!+&4/,'&!35!'%1/!L+2%+<%.%'*!35!'$/! Y/)%'/22+0/+0! a+'/2! 355! &3('$! E32'(8+.>•! Q''AB]'2! W'8'2&@,! T2&6! DBG@'250$&2A,#@! W'8'2&@,!T2A'&87!K^CVA7!@@NT6@@I^>! Q1<+27![>7!+0)!W3=/7!Y>!C@TVTA>!•\<&/2L+'%30&!35!'$/!Y/)%'/22+0/+0!\('5.3=!@>!Y%F%08!%0!'$/! Y/)%'/22+0/+0!\('5.3=>•!Q''AB]'2!W'8'2&@,!T2&6!2BG@'250$&2A,#@!W'8'2&@,!T2A'&87! "^C_A7!_I_6__K>! Q1<+27![>7!B/22+7!Z>7!`238(/%2+7!Y>7!:+7!Q<2+0'/&7!R>7!R2/%'+&7!E>7!930,+.L/&7!:>7!+0)! 930;+./;7! Z>! C"NN"A>! •E$*&%,+.7! ,$/1%,+.! +0)! &/)%1/0'3.38%,+.! +&4/,'&! 35! '$/! Y/)%'/22+0/+0! 3('5.3=! 355! [•! Q''AB]'2! W'8'2&@,! T2&6! D#B+0A#@2.! ]6%3#'8! #5! G@'250$&2A,97!KTC@TA7!K@^I6K@VV>! Q1*7!c>7!Y,:+552/*7!a>7!g0/../27!`>7!c31+&7!E>7!+0)!c31+&7!B>!C"NNKA>!•#$/!%05.(/0,/!35!+!.+'/2+.! <+&%06&.34/! 30! '$/! )/43&%'%30+.! 4+''/20&! 35! 0+'(2+.! +0)! /F4/2%1/0'+.! '(2<%)%'*! ,(22/0'&>•! Q''ABE26'&! ]'3#7'5626#05! #5! 6,'! C.A#5'! M28#5! 0/! ]'! "&25@'*! P':! T'&8A'@6#U'8!05!6,'!-&'8!Qp25506!253!W'.26'3)))!""@7!I@@6IIN>! Q0+0%+)%&7! 9>7! U+-+.+&7! [>7! g30'343(.3&7! Z>7! +0)! f/.%.%)%&7! Q>! C"NNKA>! •W*)2+(.%,! +0)! &'+'%&'%,+.! 82+%06&%;/!4+2+1/'/2&!35!E%0)3&!'(2<%)%'/!)/43&%'&>•!M%..'6#5!0/!6,'!-'0.0$#@2.!]0@#'69! 0/!-&''@')7!I^7!^OT6^TO>! Q0'%,$7!Z>7!`(%'2+837!h>7!9+2,z+!Y3b30/237!:>7!h%1}0/;7!Q>7!+0)!Y+2'z0/;!)/.!\.137!a>!C"NN_A>! •:30'3(2%'/&?! Q0! (0-03=0! +0)! /F,/../0'! 2/&/2L3%2! C9(.5!35! :+)%;7! Ba! B4+%0A>•7! %0! a>! Y+2'%0/;! )/.! \.137! C/)>A7! Z#=&0! J_! C5#U'&82�>! Y+)2%)?! Q&&3,%+'%d0! )/! 9/d.383&! *! 9/35%&%,3&!P&4+e3./&!)/.!E/'2d./3!CQ99PEA7!44>!V_6O">! Q21%&$+=7! h>7! W3.1/&7! M>7!+0)! ]QU7! B>! C@TTOA>! •W/<2%)/&! &.34/! +4230! +0)! `+22+! 5+07! Za! Hg! ,30'%0/0'+.! 1+28%0! &/)%1/0'+'%30>•7! %0! Y>! B'3-/27! ]>! PL+0&7! +0)! Q>! :2+147! C/)&>A7! -'0.0$#@2.!T&0@'88'8!05!1056#5'562.!F2&$#58)!c30)30?!9/3.38%,+.!B3,%/'*7!44>!O@6@NK>! Q&$%7!h>!C@TT_A>!•:#!&,+0!+0+.*&%&!35!&/)%1/0'!5231!c/8!@K^>•!T&0@''3#5$8!0/!6,'!0@'25!Q&#..#5$! T&0$&27a!]@#'56#/#@!W'8%.687!@K^7!@6@@>! `+,$/7!R>7!E34/&,(7!B>6Y>7!M+<%0/+(7!Y>7!932%0%7!:>7!B(,7!h>6E>7!:.+(;307!9>7!\.%L/'7!h>6c>7!M(<%037! h>6c>7!Y/.%0'/6]3<2%0/&,(7!Y>7!P&'2+)+7!R>7!c30)/%F7!c>7!Q21%b37!M>7!Y/*/27!`>7!h3.%L/'7!c>7! h3(+00%,7!9>7!c/23(F7!P>7!Q&.+0%+07!]>7!#+)/(!]3&!M/%&7!Q>7!Y3,3,$+%07!c>7!](1(2);+03L7! Z>7!f+832,$/L7![>7!c/&%,7!U>7!#31%,7!]>7!:+8+'+*7!Y>7!`2(07!h>6E>7!B3-3('%&7!]>7!:&+'37![>7! H,+2-(&7! 9>7! +0)! :+-%27! f>! C"N@"A>! •Q! '=3! &'/4! 423,/&&! 532! '$/! 2/5.33)%08! 35! '$/! Y/)%'/22+0/+0!+5'/2!'$/!Y/&&%0%+0!B+.%0%'*!:2%&%&>•!M28#5!W'8'2&@,7!"K7!@"_6@_I>! `+803.)7!M>!C@TVIA>!•#$/!0+'(2/!35!&+.'+'%30!+0)!35!{•!T&0@''3#5$8! 0/! 6,'! W092.! ]0@#'69! 0/! Z05305)! ]'&#'8! Ca! F26,'726#@2.! 253! T,98#@2.! ]@#'5@'8)7! II"C@_T@A7!KVI6_NK>! "IV! ! ! `+$27!Q>7!h%1/0/;6P&4/b37!R>7!g3.+&%0+,7!Z>7!Q(&,$%..7!B>7!Ms$.7!H>7!W/20X0)/;6Y3.%0+7!h>7!B'3=7!]>7! W3)/..7! ]>7! Q.L+2/;6f+2%-%+07! :>7! +0)! B,%/0'%&'&7! [>! P>! C"N@IA>! •E2/.%1%0+2*! 2/&(.'&! 5231! pMR! &,+00%08! 35! ,30'3(2%'/! )/43&%'&! %0! '$/! 9(.5! 35! :+)%;! C[\]E! PF4>! IITA>•7! Y>! M38/2&307!B>!c/887!]>!U+0!M33%b7!M>!`2+,-/02%)8/7!`>!E2/(7!]>!B'3=7!+0)!R>!W/20X)/;6 Y3.%0+7! C/)&>A7! Q#2.0$%'! M'6:''5! 10560%'! 253! G@'250$&2A,9! T&0@'88'8O! D56'&526#052.!E0&;8,0A>!:%'*?!H0%L/2&%'*!35!W(..7!44>!I^>! `+.)=%07!:>7!+0)!Y,:+L/7![>!C@TTTA>!•`%3'(2<+'%30!%0!+0!+,'%L/!)//46&/+!+2/+?!%14.%,+'%30&!532! 13)/.&!35!'2+,/!53&&%.!'%/2%08>•!T2.2#087!@K7!IV_6IOO>! `+2+;+7!h>7!P2,%..+7!9>7!+0)!W>!Z/.&307!:>!C@TTTA>!•E3'/0'%+.!8/3.38%,!$+;+2)&!30!'$/!/+&'/20!9(.5! 35!:+)%;!&.34/!CBa!B4+%0A>•!F2'!-'0.0$97!@__C@6"A7!@T@6"@_>! `+2%08/27! Y>7! +0)! E2%,/7! h>! C@TTVA>! •Y%F%08! +0)! &42/+)%08! 35! '$/! Y/)%'/22+0/+0! 3('5.3=>•! l0%&52.!0/!T,98#@2.!G@'250$&2A,97!"VCOA7!@^_K6@^VV>! `+2%08/27! Y>7! +0)! E2%,/7! h>! C@TTTA>! •Q! 2/L%/=! 35! '$/! 4$*&%,+.! 3,/+0382+4$*! 35! '$/! Y/)%'/22+0/+0!3('5.3=>•!F2'!-'0.0$97!@__C@6"A7!^I6O">! `/0)/27!U>7!W+0/<('$7!#>7!Y/0+7!Q>7!`+(1+007!g>6W>7!R2+0,}&7!9>7!+0)!L30!]3!C"N@"A>! •:30'23.!35!&/)%1/0'!&(44.*7!4+.+/3,/+0382+4$*!+0)!1324$3.38*!30!.+'/!D(+'/20+2*! &/)%1/0'! )*0+1%,&! +'! '$/! 9+.%,%+0! ,30'%0/0'+.! &.34/>•! -'0BF2'! Z'66'&87! I"7! I@I6 II_>! `b/2+08/27!Y>7!B(2.*-7!R>7!c*--/6Q0)/2&/07!W>7!#$%<+(.'7!Z>7!+0)!B'/11/2%-7!c>!C"N@NA>!•]+0%+0! ,33.6=+'/2!,32+.!2//5&!%0!&3('$/20!B,+0)%0+L%+!.3,+.%&/)!3L/2!&/+5.332!$%8$&>!>•!F2'! 253!T'6&0.'%7!-'0.0$97!"VC"A7!K__6K^^>! `.+-/*7!M>!C"N@@A>!•9.3<+.!E+./38/382+4$*>•>!:%'*?!$''4?ll===">0+(>/)(l2,!b48>! `.+0,7!E>!C"NN"A>!•#$/!34/0%08!35!'$/!E.%36D(+'/20+2*!9%<2+.'+2!B'2+%'?!+&&/&&%08!'$/!&%;/!35!+! ,+'+,.*&1>•!-'03#527#@2!C@67!@_7!INI6I@V>! `.3''7! B>7! +0)! E*/7! g>! C"NN@+A>! •9MQ][B#Q#•>! :%'*?! $''4?ll30.%0/.%<2+2*>=%./*>,31l)3%l@N>@NN"l/&4>"^@l&(44%053>! `.3''7!B>7!+0)!E*/7!g>!C"NN@!•9MQ][B#Q#?!Q!82+%0!&%;/!)%&'2%<('%30!+0)!&'+'%&'%,&!4+,-+8/!532! '$/!+0+.*&%&!35!(0,30&3.%)+'/)!&/)%1/0'&>•!Y2&6,!]%&/2@'!T&0@'88'8!253!Z253/0&787!"^7! @"IV6@"KO>! `32/0+&7!g>7!a+$.%07!Q>7!Q1<+27![>7!+0)!B/22+7!Z>!C"NN"A>!•#$/!Y/)%'/22+0/+0!3('5.3=!&4.%''%08!6! +!,314+2%&30!•!Q''AB]'2!W'8'2&@,!T2&6! D#B+0A#@2.!]6%3#'8!#5!G@'250$&2A,97!KTC@TA7!K@T_6K"N_>! `2+,-/02%)8/7!M>7!P&&/F7!W>7!h(+07!:>7!+0)!U+0)324/7!#>!•a32-<33-!+0)!R%/.)8(%)/>•!T&'8'56'3! 26! DPdbC! T&0i'@6! (JK[*! 10560%'! 10&'! E0&;8,0A7! `2%'%&$! \,/+0! B/)%1/0'! :32/! M/&/+2,$!R+,%.%'*7!B3('$+14'30!! `2+,-/02%)8/7! M>7! W/20X0)/;6Y3.%0+7! R>7! B'3=7! ]>7! +0)! c.+L/7! P>! C"N@I! •Q! E.%3,/0/! 1%F/)! ,30'3(2%'/6'(2<%)%'/! &*&'/1! 355&$32/! '$/! Q.8+2L/! Y+28%07! 9(.5! 35! :+)%;?! &/%&1%,! 2/&430&/! +0)! %14.%,+'%30&! 532! '$/! /L3.('%30! 35! '$/! 1+28%0>•! F2'! 253! T'6&0.'%7! -'0.0$97!K^7!I^6_N>! `2+,-/02%)8/7!M>7!W/20X0)/;6Y3.%0+7!R>7!B'3=7!]>7!c.+L/7!P>7!+0)!#/+17!:>!C"N@I,A>!•B/)%1/0'! &'()*!35!'$/!9(.5!35!:+)%;!13)/20!&+0)*!&$//'/)!)2%5'?!E2/.%1%0+2*!2/&(.'&>•Q#2.0$%'! M'6:''5!10560%'!253!G@'250$&2A,#@!T&0@'88'8*!D56'&526#052.!:0&;8,0A)!:%'*?!W(..7! Hg7!44>!^">! `2+,-/02%)8/7! M>7! W/20X0)/;6Y3.%0+7! R>7! B'3=7! ]>7! Y/0+7! Q>7! Q./b37! [>7! P2,%..+7! 9>7! R2+0,}&7! 9>7! c.+L/7! P>7! Z317! E/2/;6Q2.(,/+7! Y>7! +0)! :\Z#\HM[`PM! #/+1>! C"N@I)A>! •Q! ,30'3(2%'/!&+0)!&$//'!/+&'!35!'$/!B'2+%'!35!9%<2+.'+2G!+!&/)%1/0'3.38%,+.!&'()*!2/L/+.%08! '$/!,314./F%'*!35!$%8$!/0/28*!<3''31!=+'/2!&*&'/1&!%0!'$/!9(.5!35!:+)%;>•D56'&526#052.! C880@#26#05!0/!]'3#7'560.0$#868a!C55%2.!F''6#5$!JK([>!:%'*?!Y+0,$/&'/27!Hg>! `2+,-/02%)8/7!M>7!B'3=7!]>7!+0)!W/20X0)/;6Y3.%0+7!R>!C"N@@A>!•:30'3(2%'/&!=%'$%0!+!)//46=+'/2! &/J(/0,/!&'2+'%82+4$%,!52+1/=32->•!-'0BF2'!Z'66'&87!I@7!IKI6I^N>! `2+,-/02%)8/7! M>7! B'3=7! ]>7! +0)! W/20X0)/;613.%0+7! R>! C"N@NA>! •:30'3(2%'/&! %0! '$/! )//4=+'/2! &/J(/0,/!&'2+'%82+4$%,!52+1/=32->•!-'0B+'7287!V7!@V6@O>!

"IO! ! ! `2+,-/02%)8/7!M>7!B'3=7!]>7!W/20X0)/;6Y3.%0+7!R>7!+0)!c.+L/7!P>!C"N@"A>!•#$/!&/%&1%,!/F42/&&%30! +0)!/L3.('%30!35!+!<(2%/)!&$//'/)!)2%5'!=%'$%0!'$/!Q.8+2L/!`+&%0!C9(.5!35!:+)%;A>•!-'0B +'7287!@I7!_K@>! `2%)8/7!h>7!+0)!]/1%,37!M>!C"NNOA>!Y2&6,!]%&/2@'!T&0@'88'8a!Z253/0&78!253!]'3#7'56!Q'A08#68)7! :+1<2%)8/?!:+1<2%)8/!H0%L/2&%'*!E2/&&>! `231./*7!M>!C@TT^A>!+&2@'!"088#.8*!M#0.0$9a!+2>05079!253!CAA.#@26#0587!c30)30?!:$+41+0!+0)! W+..>! `2*)/07! W>7! c308=32'$7! W>7! +0)! :(00%08$+17! B>! C"NN_A>! •B.3=%08! 35! '$/! Q'.+0'%,! 3L/2'(20%08! ,%2,(.+'%30!+'!"^wZ>•!P26%&'7!KIO7!^__6^_V>! `(%'2+837!h>7!9+2,%+7!:>7!+0)!:+-/<2/+)6`23=7!h>!C"NN@A>!•:30'3(2%'+&?!H0!/F,/./0'/!+.1+,}0!,+&%! )/&,303,%)3! C93.53! )/! :X)%;7! B\! )/! P&4+e+A>•('&! 105$&'80! +h@5#@0! Y>A.0&2@#q5! 9! T&03%@@#q5!WYT]GZBrT")!]'A6#'7=&'!JKK(>!:%'*?!Y+)2%)7!44>!"K6"V>! `(.$j/&7!P>7!R2/%'+&7!h>7!:+&'237!Y>7!U+&,30,/..3&7!:>7!Y+)/%2+7!:>7!:+21%0+''%7!Y>7!+0)!Y(''%7!P>! C"N@"A>! •#$/! %0'/2+,'%30! •eDDD! 105$&'80! -'q.0$#@0! 3'! Y8A252>! :%'*?! 9/36 #/1+&?!\L%/)37!B4+%07!44>!_IT>! :+7! `238(/%2+7! Y>7! +0)! 930,+.L/&7! :>! C"NN"A>! •#$/! ,$/1%&'2*! 35! Y/)%'/22+0/+0! 3('5.3=! +0)! %'&! %0'/2+,'%30&! =%'$! &(223(0)%08! =+'/2&>•! Q''AB]'2! W'8'2&@,! T2&6! D#B +0A#@2.!]6%3#'8!#5!G@'250$&2A,97!KTC@TA7!K"^I6K"VN>! :+,$37![>7!92%1+.'7!h>7!B%/2237!R>7!B$+,-./'307!Z>7!+0)!:+0+.&7!Y>!C"NNNA>!•PL%)/0,/!532!/0$+0,/)! Y/)%'/22+0/+0! '$/213$+.%0/! ,%2,(.+'%30! )(2%08! 2+4%)! ,.%1+'%,! ,33.%08&>•! Y2&6,! 253! T.25'62&9!]@#'5@'!Z'66'&87!@OICI6KA7!K@V6K"T>! :+14%..37!Q>7!Y+.)30+)37!Q>7!+0)!Y+(552/'7!Q>!C@TT"A>!•B'2+'%82+4$%,!+0)!'/,'30%,!/L3.('%30!35! '$/!=/&'/20!Q.<32+0!B/+?!c+'/!1%3,/0/!'3!2/,/0'>•!-'0BF2'!Z'66'&87!@"7!@^_6@V">! :+0)/.+7!h>!C"NN@A>!•Y/)%'/22+0/+0!=+'/2!+0)!8.3<+.!,%2,(.+'%30>•7!%0!9>!B/)./27!h>!:$(2,$7!+0)!h>! 93(.)7! C/)&>A7! G@'25! 1#&@%.26#05! 253! 1.#726'! G=8'&U#5$! 253! F03'..#5$! #5! 6,'! -.02=.! G@'25)!`(2.%08'30?!Q,+)/1%,7!44>!K@T6K"T>! :+2'/27!c>7!:+2'/27!M>7!+0)!Y,:+L/7![>!C"NNKA>!•PL3.('%30!35!'$/!&/)%1/0'+2*!&*&'/1!•!F2'!-'0.0$97!"N_C@6KA7!T6"V>! :+'(0/+0(7!\>!C"NN^A>!T@#A.'8!0/!]'\%'5@'!]6&26#$&2A,97!Q1&'/2)+1?!P.&/L%/2>! :+'(0/+0(7!\>7!Q<2/(<7!U>7!`$+''+,$+2*+7!h>7!`.(17!Y>7!]+.2*14./7!M>7!P2%-&&307!E>7!R%/.)%087!:>7! R%&$/27! a>7! 9+..3=+*7! a>7! 9%<.%087! Y>7! 9%./&7! g>7! W3.<233-7! h>7! h32)+07! M>7! g/0)+..7! :>7! Y+,(2)+7!`>7!Y+2'%0&/07!\>7!Y%+..7!Q>7!Z/+.7!h>7!Z(11/)+.7!]>7!E31+27!c>7!E3&+1/0'%/27! W>7! E2+''7! `>7! B+287! h>7! B$+0./*7! g>7! B'//.7! M>7! B'2+&&/27! Q>7! #(,-/27! Y>7! +0)! a%0-/27! :>! C"NNTA>! •#3=+2)&! '$/! &'+0)+2)%;+'%30! 35! &/J(/0,/! &'2+'%82+4$*>•! Y2&6,B]@#'5@'! W'U#':87!T"C@6"A7!@6II>! :.+2/7! Y>! •:30'3(2! ,(22/0'&! +0)! '$/%2! )/43&%'&! 6! +! 8/3$+;+2)&! 4/2&4/,'%L/>•! T&'8'56'3! 26! DPdbC!10560%'!10&'!E0&;8,0A!/0&!Y2&.9!12&''&!]@#'56#8687!`\B:\MR7!B3('$+14'30>! :334/27!h>!C@TTOA>!•E+2'%,./!B%;/!Q0+.*&%&!6!#$/!c+&/2!]%552+,'%30!#/,$0%J(/>•!F26'.8!E0&.37!^7! _6V>! :B[:! H0%)+)! )/! #/,03.38%+! Y+2%0+>! •`l\! B+21%/0'3! )/! 9+1<3+?! PJ(%4+1%/0'3•>! :%'*?! $''4?ll===>('1>,&%,>/&l&+21%/0'3€/J(>+&4>! ]+..{\.%37!P>7!R+../''%7!R>7!+0)!Y(''30%7!9>!•W/1%4/.+8%'/&7!$/1%'(2<%)%'/&!32!1())*!,30'3(2%'/&~! #$/!,30'2%<('/!35!1+80/'%,!5+<2%,!+0+.*&%&!'3!)%&,2%1%0+'/!)/43&%'%30+.!1/,$+0%&1&!%0! 5%0/682+%0/)!&/)%1/0'&!CY+203&3!Q2/0+,/+!R1>7!Y%3,/0/7!032'$/20!['+.*A>•!T&'8'56'3! 26!Q''AB:26'&!1#&@%.26#05!*!T&0@'88'8!s!T&03%@687!`+%30+!CE30'/L/)2+7!B4+%0A>! ]/!Y3(&'%/27!:>7!+0)!Y+'&(13'37!W>!C@TTIA>!•B/+5.332!+,3(&'%,!2/13'/!&/0&%08!=%'$!1(.'%•! F2'! -'0A,98#@2.! W'8'2&@,'87!@_7!"V6K">! ]%+;6)/.6M%37! U>7! B313;+7! c>7! Y+2'%0/;6R2%+&7! h>7!Y+'+7! Y>7!]/.8+)37! Q>7!W/20X0)/;6Y3.%0+7! R>7! c(0+27! M>7! Y+2'%06M(<%7! h>7! Y+/&'237! Q>7! R/20+0)/;6E(8+7! Y>7! c/307! M>7! c.+L/7! P>7! Y/)%+.)/+7!#>7!+0)!U+;J(/;7!h>!C"NNIA>!•U+&'!5%/.)&!35!$*)23,+2<306)/2%L/)!,+2<30+'/!

"IT! ! ! ,$%10/*&!2/.+'/)!'3!'$/!+,,2/'%30+2*!=/)8/l3.%&'3&'231/!35!'$/!9(.5!35!:+)%;>•!F2'! -'0.0$97!@T_C@6KA7!@VV6"NN>! ]%/;7!M>7!B'3=7!]>7!+0)!W/20X0)/;6Y3.%0+7!R>!C"NNOA>!•B/J(/0,/!&'2+'%82+4$*!35!,30'3(2%'/!)2%5'! )/43&%'&!%0!Z32'$!Q'.+0'%,!`+&%0&>•>!:%'*?!! ! $''4?ll===>,421>83L><2lII[9:l@IK_KI@>$'1.>! P.&3=7! R>! C@TI"A>! •W/+L*! 1%0/2+.&! +&! +! 8(%)/! %0! &'2+'%82+4$%,! &'()%/&>•>! :%'*?! h3(20+.! 35! '$/! Y%0/2+.38%,+.!B3,%/'*!35!Q1/2%,+7!44>!K"T6KI^>! P1/2*7!]>7!+0)!Y*/2&7!g>!C@TT^A>!]'\%'5@'!]6&26#$&2A,9)7!\F532)?!`.+,-=/..>! P0b32.+&7!h>7!93(+)+%07!h>7!Y(''%7!P>7!+0)!E%;307!h>!C@TO^A>!•Z/=!'(2<%)%'%,!13)/.!532!'$/!c3=/2! #/2'%+2*! &+0)&! %0! '$/! B3('$! U%-%08! 92+! •7! %0! Q>! B4/0,/27! C/)>A7! H2=#626! 0/! H93&0@2&=058! 05! 6,'! P0&:'$#25! 1056#5'562.! ],'./)! \&.3?! Z32=/8%+0! E/'23./(1! B3,%/'*7!44>!@V@6@VO>! PE[:Q! :311(0%'*! Y/1! C"NN^A>! •\0/6'3630/! ,3(4.%08! 35! 8.+,%+.! ,.%1+'/! L+2%+<%.%'*! %0! 92//0.+0)!+0)!Q0'+2,'%,+>•!P26%&'7!KKK7!@T_6@TO>! P2,%..+7!9>7!`+2+;+7!h>7!Q.30&37!`>7!P&'2+)+7!R>7!:+&+&7!]>7!+0)!R+22X07!Y>!C"NN"A>!•#$/!:/('+!]2%5'>•7! %0! ]>! B'3=7! :>! E()&/*7! h>! W3=/7! h>6:>! R+(8S2/&7! +0)! Q>! U%+0+7! C/)&>A7! Q''AB:26'&! 10560%'! 8986'78*! 703'&5! Q&#/68! 253! C5@#'56! ]'&#'8a! ]'#87#@! 253! ]'3#7'562&9! 1,2&2@6'V#@8)!c30)30?!9/3.38%,+.!B3,%/'*7!44>!@__6@VN>! P2,%..+7!9>7!:+&+&7!]>7![8./&%+&7!h>7!UX;J(/;7!h>7!B313;+7!c>7!c/d07!M>7!Y/)%+.)/+7!#>7!h(+07!:>7!+0)! 9+2,z+7!Y>!C"N@NA>!•:30'3(2%'/&!%0!'$/!9+.%,%+!`+0-!2/8%30>•!-'0B+'7287!@@7!II6IK>! P2,%..+7!9>7!h(+07!h>7!P&'2+)+7!R>7!:+&+&7!]>7!Q.30&37!`>7!9+2,%+7!Y>7!R+22+07!Y>6c>7!Y+.)30+)37!Q>7! #/+17!:>7!+0)!Y\Z#PMQ!#/+1>!C"N@"A>!•:30'3(2%'/!&/)%1/0'+'%30!%0!'$/!Q.<32+0!B/+?! 1324$3&/)%1/0'+2*!,$+2+,'/2%;+'%30>•!-'0B+'2787!@I7!@ONT6@O@">! P&,('%+7!:>7!Z/.&307!:>7!Q,'307!9>7!P%''2/%17!B>7!:334/27!Q>7!a+20-/7!]>7!+0)!h+2+1%..37!h>!C"NN"A>! •:(22/0'!,30'23../)!)/43&%'%30!30!'$/!a%.-/&!c+0)!:30'%0/0'+.!M%&/7!Q0'+2,'%,+>•7!%0!]>! B'3=7!:>!E()&/*7!h>!W3=/7!h>6:>!R+(8S2/&7!+0)!Q>!U%+0+7!C/)&>A7!Q''AB:26'&!10560%'! 8986'78*! 703'&5! Q&#/68! 253! C5@#'56! ]'&#'8a! ]'#87#@! 253! ]'3#7'562&9! 1,2&2@6'V#@8)! c30)30?!9/3.38%,+.!B3,%/'*7!44>!IVI6IOK>! P&&/F7! W>7! +0)! B'3=7! ]>! C"N@IA>! •#$/! %,$03.38*! 35! ,30'3(2%'/&>•D56'&526#052.! C880@#26#05! 0/! ]'3#7'560.0$#868!C55%2.!F''6#5$>!:%'*?!Y+0,$/&'/27!Hg7!44>!#IBK€E"_>! P&'/2+&7! Y>7! [;J(%/2)37! h>7! B+0)3L+.7! Z>7! +0)! `+$1+)7! Q>! C"NNNA>! •PL3.(,%d0! 13253.d8%,+! *! /&'2+'%82X5%,+!E.%36:(+'/20+2%+!)/.!H1<2+.!)/!:+1+2%0+.!CP&'2/,$3!)/!9%<2+.'+2A!<+&+)+! /0!&30)/3&!1+2%03&>•!W'U#862!3'!.2!]0@#'323!-'0.q$#@2!3'!Y8A2t27!@I7!_IT6__N>! PF4/)%'%30!IIT!B,%/0'%&'&>!C"N@"A>!•B%'/!H@IOO!B(11+2*>•DGQT!Y>A'3#6#05!LLS*!F'3#6'&&25'25! G%6/.0:)! ]#6'! ]%772&#'8)! :%'*?! [0'/20+'%30+.! \,/+0! ]%&,3L/2*! E2382+1?! $''4?ll%3)4>'+1(>/)(l&,%/0,/34&l&%'/&(11lIITlIIT€&&@IOO>$'1.>! PF4/)%'%30! IK"! B,%/0'%&'&>! C"N@"A>! •E+./38/0/! Z/=53(0).+0)! &/)%1/0'! )2%5'&>•! DGQT! T&'.#7#52&9!W'A0&67!IK">! R+(8S2/&7!h>6:>7!+0)!Y(.)/27!#>!C"N@@A>!•:30'3(2!,(22/0'&!+0)!,30'3(2%'/!)2%5'&•7!%0!W>!Wm0/-/! +0)!#>!Y(.)/27!C/)&>A7!Q''A!]'2!]'3#7'568>!]/L/.341/0'&!%0!B/)%1/0'3.38*>! R+(8S2/&7!h>6:>7!+0)!B'3=7!]>!C"NNOA>!•:30'3(2%'/!]2%5'&?!Z+'(2/7!PL3.('%30!+0)!:30'23.&>•7!%0!Y>! M/!:+1/2./08$%7!C/)&>A7!10560%'8)?!]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>! "_T6"OO>! R+(8S2/&7!h>6:>7!f+2+83&%7!B>7!+0)!Y/;/2+%&7!c>!C"NN"+A>!•#$/!U/1+!,30'3(2%'/!5+0!%0!'$/!B3('$! `2+;%.%+0! <+&%0•7! %0! ]>! B'3=7! :>!E()&/*7! h>! W3=/7! h>6:>!R+(8S2/&7! +0)! Q>! U%+0+7! C/)&>A7! Q''AB:26'&! @0560%'! 8986'78*! 703'&5! 3&#/68! 253! 25@#'56! 8'&#'8a! 8'#87#@! 253! 8'3#7'562&9!@,2&2@6'V#@8)!c30)30?!9/3.38%,+.!B3,%/'*7!44>!"NT6""">! R+(8S2/&7! h>7! 930'$%/27! P>7! +0)! B'3=7! ]>! C@TOKA>! •:30'3(2%'/! )2%5'! 13.)/)! <*! )//4! Y/)%'/22+0/+0!\('5.3=>•!-'0.0$97!@"C_A7!"T^6INN>! R+(8S2/&7!h>7!c%1+7!Q>7!Y+&&/7!c>7!+0)!f+2+83&%7!B>!C"NN"!•#$/!:3.(1<%+!,$+00/.6./L//!&*&'/1?! Q!5+0!)2%5'!%0!'$/!&3('$/20!`2+;%.!`+&%0>•7!%0!]>!B'3=7!:>!E()&/*7!h>!W3=/7!h>!R+(8S2/&7! +0)! Q>! U%+0+7! C/)&>A7! Q''ABE26'&! 10560%&6#6'! ]986'78*! F03'&5! Q&#/68! 253! C5@#'56!

"KN! ! ! ]'&#'8a!]'#87#@!253!]'3#7'562&9!1,2&2@6'V#@8)!>!c30)30?!9/3.38%,+.!B3,%/'*7!44>!""I6 "IO>! R+(8S2/&7!h>7!Y/;/2+%&7!Y>7!+0)!B'3=7!]>!C@TTIA>!•:30'3(2%'/!)2%5'&!'*4/&!+0)!'$/%2!)%&'2%<('%30! %0!'$/!Z32'$!+0)!B3('$6Q'.+0'%,!\,/+0!`+&%0&>•!]'3#7'562&9!-'0.0$97!O"C@6KA7!@OT6"NI>! R+(8S2/&7!h>7!+0)!B'3=7!]>!C@TTIA>!•`3''316,(22/0'6,30'23../)!&/)%1/0'+'%30!6!Q!&*0'$/&%&!35! '$/!,30'3(2%'/!423<./1>•!]'3#7'562&9!-'0.0$97!O"C@6KA7!"OV6"TV>! R+(8S2/&7! h>7! B'3=7! ]>7! [17! +0)! U%+0+7! Q>! C@TTTA>! •B/%&1%,! 5/+'(2/&! )%+803&'%,! 35! ,30'3(2%'/!)2%5'&>•!FCWDPY!-YGZG-r7!@6IO>! R/20+0)/;6E(8+7!Y>7!U+;J(/;7!h>7!B313;+7!c>7!)/.!M%37!U>7!Y/)%+.)/+7!#>7!Y+'+7!Y>7!+0)!c/307!M>! C"NNVA>! •9+&62/.+'/)! 1324$3.38%/&! +0)! )%+4%2%&1! %0! '$/! 9(.5! 35! :+)%;>•! -'0BF2'! Z'66'&87!"VC"6KA7!"@I6""@>! R%n;+7!Q>7!W+1+007!Y>7!Q1<+27![>7!]z+;!)/.!Mz37!9>7!930;X./;7!Z>7!+0)!:+<+0+&7!h>!C@TTOA>!•a+'/2! 1+&&/&!+0)!'$/%2!,%2,(.+'%30!355!=/&'/20![•!Q''AB]'2!W'8'2&@,!D7! K_7!@@"V6@@^N>! R.%0,$7! h>7! +0)! U+%.7! E>! C@TTOA>! •E.%36E./%&'3,/0/! &/J(/0,/! &'2+'%82+4$*! +0)! '/,'30%,&! 35! '$/! 9%<2+.'+2! Q2,>•7! %0! E>! ]/! 92+,%+0&-*7! C/)>A7! F'8040#@! 253! 1'5040#@! ]'\%'5@'! ]6&26#$&2A,9! 0/!Y%&0A'25! M28#58)?! BPEY! CB3,%/'*! 532! B/)%1/0'+2*! 9/3.38*A7! 44>! @TT6 "NO>! R3.-7!M>!C@T^KA>!•Q!2/L%/=!35!82+%06&%;/!4+2+1/'/2&>•!]'3#7'560.0$97!^7!VI6TI>! R3.-7! M>7! +0)! a+2)7! a>! C@T_VA>! •`2+;3&! M%L/2! `+2?! +! &'()*! %0! '$/! &%80%5%,+0,/! 35! 82+%0! &%;/! 4+2+1/'/2&>•!l0%&52.!0/!]'3#7'562&9!T'6&0.0$97!"V7!I6"^>! R2%/)1+07!9>7!+0)!B+0)/2&7!h>!C@TVOA>!T@#A.'8!0/!]'3#7'560.0$9)7!H0%'/)!B'+'/&!35!Q1/2%,+?! h3$0!a%./*!+0)!B30&>! R(7! B>7! +0)! a/20/27! R>! C"NNNA>! •]%&'2%<('%307! /,3.38*! +0)! '+4$3031*! 35! '$/! 328+0%&1! '2+,/7! ]@0.#@#27! %0! 032'$/+&'! Q'.+0'%,! )//46&/+! &/)%1/0'&>•! T2.2'0$'0$&2A,9a! T2.2'0@.#7260.0$9a!T2.2'0'@0.0$97!@_^7!"OT6INN>! R(.'$324/7!:>7!c(7!W>7!+0)![\]E!PF4/)%'%30!B$%4<3+2)!B,%/0'%5%,!E+2'*>!C"N@NA>!•:30'3(2%'/&!+0)! &.34/!42382+)+'%30?!:+0'/2<(2*!`+&%07!Z/=!f/+.+0)>•!-'0B+'7287!@@>! Rm''/2/27!]>!C"NN^A>!•#$/!&3.%)!4$+&/!35!1+2%0/!&/)%1/0'&•7!%0!W>!B,$(.;!+0)!Y>!f+A7! F2'!-'0@,'7#86&9>!9/21+0*?!B42%08/27!44>!@6"V>! 9+2,%+6c+5(/0'/7! h>7! ]/.8+)37! h>7! :2%+)36Q.)/+0(/L+7! R>7! `2(037! Y>7! )/.! M%37! h>7! +0)! U+28+&7! h>! C"NN^A>!•a+'/2!1+&&!,%2,(.+'%30!30!'$/!,30'%0/0'+.!&$/.5!35!'$/!9(.5!35!:+)%;>•!Q''AB ]'2!W'8'2&@,!T2&6!D#B+0A#@2.!]6%3#'8!#5!G@'250$&2A,97!_IC@@6@IA7!@@O"6@@TV>! 9+2,%+7!Y>7!W/20X0)/;6Y3.%0+7!R>7!c.+L/7!P>7!B'3=7!]>7!c/307!M>7!R/20+0)/;6E(8+7!Y>7!)/.!M%37!U>7! +0)! B313;+7! c>! C"NNTA>! •:30'3(2%'/! /23&%L/! 5/+'(2/&! ,+(&/)! <*! '$/! Y/)%'/22+0/+0! \('5.3=! a+'/2! %0! '$/! 9(.5! 35! :+)%;?! D(+'/20+2*! '/,'30%,! +0)! 3,/+0382+4$%,! %14.%,+'%30&>•!F2'!-'0.0$97!"_VC@6KA7!"K6KN>! 9/328/7!]>!C"N@@A>!•#9B6Z34/,{&!E32'(8+.!&(2L/*!&(&4/0)/)•G#.!253!-28!G5.#5'>!:%'*>! 9.+%&'/27! M>7! +0)! Z/.&307! W>! C@TVKA>! •92+%06&%;/! )%&'2%<('%30&7! +! +%)! %0! 5+,%/&! %)/0'%5%,+'%30>•! M%..'6#5!0/!12523#25!T'6&0.'%7!-'0.0$97!""7!"NI6"KN>! 93087!:>7!a+087!i>7!4/087!p>7!c%7!a>7!D(%7!i>7!+0)!p(7!B>!C"N@"A>!•B/)%1/0'!=+L/&!30!'$/!B3('$! :$%0+! B/+! B.34/! 355! &3('$=/&'/20! #+%=+0?! [14.%,+'%30&! 532! '$/! %0'2(&%30! 35! '$/! Z32'$/20! E+,%5%,! ]//4! a+'/2! %0'3! '$/! B3('$! :$%0+! B/+>! >•! F2'! 253! T'6&0.'%7! -'0.0$97!I"7!T_6@NT>! 930'$%/27!P>7!R+(8S2/&7!h>6:>7!+0)!B'3=7!]>!C@TOKA>!•:30'3(2%'/!5+,%/&!35!'$/!R+23!]2%5'7!9(.5!35! :+)%;•7!%0!]>!B'3=!+0)!]>!E%4/27!C/)&>A7!"#5'B$&2#5'3!8'3#7'568*!Q''AB:26'&!A&0@'88'8! 253!/2@#'8>!c30)30?!9/3.38%,+.!B3,%/'*7!B4/,%+.!E(<.%,+'%307!44>!"V_6"T">! 933&&/7!W>7!:+14%07!h>6Y>7!+0)!#+2'%0L%../7!`>!C"NN@A>!•#$/!&3(2,/&!35!Q0'+2,'%,!<3''31!=+'/2!%0! +!8.3<+.!%,/63,/+0!13)/.>•!G@'25!F03'.7!I7!_@6^_>! 92+0'7! h>7! +0)! B,$2/%! C@TTNA>! •Y3)/20! &=+'$/! &3(0)%08! +0)! &(<6<3''31! 4235%.%08! '/,$03.38*!532!2/&/+2,$!+44.%,+'%30&?!#$/!+'.+&!$*)23&=//4!+0)!4+2+&3(0)!&*&'/1&>•7! %0! P>! W+%.=33)! +0)! M>! g%))7! C/)&>A7! F2'! -'0.0$#@2.! ]%&U29#5$! 253! ]27A.#5$>! Z/'$/2.+0)&?!B42%08/27!44>!T6@T>!

"K@! ! ! 92s8/27! Y>7! W/%02%,$7! M>7! +0)! `%,-/2'7! #>! C"NNIA>! •U+2%+<%.%'*! 35! &%.'! 82+%0! &%;/! +0)! 4.+0-'30%,! 532+1%0%5/2+.!42/&/2L+'%30!%0!E.%3lE./%&'3,/0/!&/)%1/0'&!5231!'$/!=/&'/20!/J(+'32%+.! Q'.+0'%,!+0)!:+2%<•!F2'!-'0.0$97!"N@7!INV6I"N>! 923&&7!Y>7!+0)!923&&7!P>!C@TT^A>!G@'250$&2A,9B!C!U#':!0/!6,'!Y2&6,>! 9('&,$/27!Y>7!]31%08(/;7!B>7!a/&'<233-7!9>7!9/0'/7!E>7!`+<300/+(7!Z>7!Y(.)/27!#>7!930'$%/27! P>7! `+2'3.31/7! M>7! c(%&7! h>7! M3&+&7! R>7! #/22%0$+7! E>7! +0)! #/+1&7! ]>! +>! ]>! B>! C"NNTA>! •#/,'30%,! &$32'/0%08! +0)! 82+L%'+'%30+.! &42/+)%08! %0! '$/! 9(.5! 35! :+)%;! +,,2/'%30+2*! =/)8/?!\<&/2L+'%30&!5231!1(.'%6•!F2'!253! T'6&0.'%7!-'0.0$97!"^C_A7!^KV6^_T>! 9('&,$/27! Y>7! Y+.3)7! h>7! M/$+(.'7! h>7! :30'2(,,%7! [>7! g.%08/.$3/5/27! R>7! Y/0)/&6U%,'327! c>7! +0)! B4+-1+07! a>! C"NN"A>! •PL%)/0,/! 532! +,'%L/! &(<)(,'%30! •! -'0.0$97! INC@"A7!@NV@6@NVK>! W+<833)7!P>7!g/0*307!Z>7!Y+&&307!]>7!Q-$1/';$+03L7!Q>7!a/+L/27!E>7!9+2)0/27!h>7!+0)!Y(.)/27! #>! C"NNIA>! •]//46=+'/2! &/)%1/0'! =+L/! 5%/.)&7! <3''31! ,(22/0'! &+0)! ,$+00/.&! +0)! 82+L%'*!5.3=!,$+00/.6.3•!]'3#7'560.0$97!_NCIA7! KOI6_@N>! W+0J(%/;7!U>7!Y(.)/27!#>7!c/,23+2'7!E>7!930'$%/27!P>7!Y+2,$/&7!P>7!+0)!U3%&&/'7!Y>!C"NNVA>!•W%8$! 2/&3.('%30! &/+5.332! %1+8/&! %0! '$/! 9(.5! 35! :+)%;7! [•! F2'! -'0.0$97! "K^C@A7!K"6_T>! W+0J(%/;7!U>7!Y(.)/27!#>7!#3(,+00/7!B>7!c/,23+2'7!M>7!`300/.7!:>7!Y+2,$/&7!P>7!+0)!930'$%/27!P>! C"N@NA>! •#$/! &+0)*! ,$+00/.6.3•! ]'3#7'562&9! -'0.0$97! ""TCIA7! @@N6 @"I>! W+J7!`>7!+0)!`3/2&1+7!Q>!C@TVOA>!•[0'23)(,'%30!'3!Y+2%0/!Y%,234+./30'3.38*>•>!:%'*?!P.&/L%/2! B,%/0,/?!Z/'$/2.+0)&7!44>!IV^>! W+J7! `>7! W+2)/0<3.7! h>7! +0)! U+%.7! E>! C@TOVA>! •:$2303.38*! 35! 5.(,'(+'%08! &/+! ./L/.&! &%0,/! '$/! #2%+&&%,>•!]@#'5@'7!"I_7!@@_^6@@^^>! W+J7! `>7! W+2)/0<3.7! h>7! +0)! U+%.7! E>! C@TOOA>! •Y/&3;3%,! +0)! :/03;3%,! ,$2303&'2+'%82+4$*! +0)! ,*,./&!35! &/+6./L/.!,$+08/>•7! %0! :>!a%.8(&7! `>! W+&'%08&7! :>!g/0)+..7! W>!E3&+1/0'%/27! :>! M3&&7!+0)!h>!U+0!a+830/27!C/)&>A7!]'2B.'U'.!@,25$'8*!25!#56'$&26'3!2AA&02@,)?!BPEY7! 44>!V"6@NO>! W+(8$'307! E>7! +0)! g/0)+..7! :>! C"NNTA>! •[0'23)(,'%30! '3! &/J(/0,/! &'2+'%82+4$*! 35! )//4=+'/2! ,.+&'%,! &*&'/1&>•>! :%'*?! BPEY! B/J(/0,/! B'2+'%82+4$*! a/328l]//4=+'/2:.+&[0'23>$'1.>! W//;/07! `>7! +0)! W3..%&'/27! :>! C@T^IA>! •PL%)/0,/! 35! )//46&/+! <3''31! ,(22/0'&! 5231! +<*&&+.! &/)%1/0'&•D56'&526#052.!C880@#26#05!0/!T,98#@2.!0@'250$&2A,9a!(L6,!-'5'&2.!C88'7=.9! D56'&526#052.!b5#05!-'03'89!253!-'0A,98#@8>!:%'*7!44>!@@@>! W/20X0)/;6Y3.%0+7! R>7!c.+L/7! P>7! `2+,-/02%)8/7! M>7!E2/(7! `>7!P2,%..+7! 9>7!R30'+07!Q>7! `2(037! Y>7! B/22+7!Z>7!B'3=7!]>7!9+2,z+7!Y>7!Y/)%+.)/+7!#>7!:+&+&7!]>7!h(+07!:>7!B+0)3L+.7!Z>7!Q20+%;7! Q>7! +0)! :\Z#\HM[`PM! #/+1>! C"N@I+A>! •\,/+0382+4$%,! +0)! ,30'3(2%'/! 423,/&&/&! +&&3,%+'/)! '3! '$/! Y/)%'/22+0/+0! \('5.3=! a+'/2! +5'/2! %'&! /F%'! 5231! '$/! 9%<2+.'+2! B'2+%'>•D56'&526#052.! C880@#26#05! 0/! ]'3#7'560.0$#868a! C55%2.! F''6#5$! JK([>! :%'*?! Y+0,$/&'/27!Hg>! W/20X0)/;6Y3.%0+7!R>7!c.+L/7!P>7!E2/(7!`>7!P2,%..+7!9>7!R30'+07!Q>7!`2(037!Y>7!B/22+7!Z>7!931%;7!h>7! `2+,-/02%)8/7!M>7!B%/2237!R>7!B'3=7!]>7!9+2,%+7!Y>7!h(+07!:>7!B+0)3L+.7!Z>7!+0)!Q20+%;7!Q>! C"N@KA>!•:30'3(2%'/!423,/&&/&!+&&3,%+'/)!=%'$!'$/!Y/)%'/22+0/+0!\('5.3=!a+'/2!+5'/2! %'&!/F%'!5231!'$/!9%<2+.'+2!B'2+%'G!8.3<+.!+0)!,30,/4'(+.!%14.%,+'%30&>•!-'0.0$97!K"7!"I@6 "IK>! W/20X0)/;6Y3.%0+7! R>7! c.+L/7! P>7! E2(/7! `>7! R30'+07! Q>7! P2,%..+7! 9>7! `2+,-/02%)8/7! M>7! B'3=7! ]>7! 9+2,%+7!Y>7!Y/)%+.)/+7!#>7!B+0)3L+.7!Z>7!:+&+&7!]>7!h(+07!:>7!`2(037!Q>7!B/22+7!Z>7!+0)! #/+17! :>! C"N@I! •\,/+0382+4$%,! +0)! ,30'3(2%'/! 423,/&&/&! +&&3,%+'/)! '3! '$/! Y/)%'/22+0/+0! \('5.3=! a+'/2! +5'/2! %'&! /F%'! 5231! '$/! 9%<2+.'+2! B'2+%'>•Q#2.0$%'!

"K"! ! ! M'6:''5!10560%'!253!G@'250$&2A,#@!T&0@'88'8*!D56'&526#052.!E0&;8,0A>!:%'*?!W(..7! Hg7!44>!IK>! W/20X0)/;6Y3.%0+7! R>7! c.+L/7! P>7! +0)! B'3=7! ]>! C"NNOA>! •:30'%0/0'+.! &.34/! ,30'3(2%'/&•7! %0! Y>! M/!:+1/2./08$%7!C/)&>A7!10560%'8>!]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>! IVT6KNO>! W/20X0)/;6Y3.%0+7!R>7!c.+L/7!P>7!B'3=7!]>7!9+2,%+7!Y>7!B313;+7!c>7!U+;J(/;7!h>7!c3<37!R>7!Y+/&'237! Q>7! )/.! M%37! U>7! c/307! M>7! Y/)%+.)/+7! #>7! +0)! 9+2)0/27! h>! C"NN^A>! •#$/! ,30'3(2%'/! )/43&%'%30+.!&*&'/1!35!'$/!9(.5!35!:+)%;?!Q!&/)%1/0'+2*!13)/.!2/.+'/)!'3!'$/!<3''31! ,(22/0'! +,'%L%'*! 35! '$/! Y/)%'/22+0/+0! 3('5.3=! =+'/2! +0)! %'&! %0'/2+,'%30! =%'$! '$/! ,30'%0/0'+.! 1+28%0>•! Q''AB]'2! W'8'2&@,! T2&6! D#B+0A#@2.! ]6%3#'8! #5! G@'250$&2A,97! _IC@@6@IA7!@K"N6@K^I>! W/20X0)/;6Y3.%0+7!R>7!c.+L/7!P>7!B'3=7!]>7!9+2,%+7!Y>7!B313;+7!c>7!U+;J(/;7!h>7!c3<37!R>7!Y+/&'237! Q>7! )/.! M%37! U>7! c/307! M>7! Y/)%+.)/+7! #>7! +0)! 9+2)0/27! h>! C"NN^A>! •#$/! ,30'3(2%'/! )/43&%'%30+.!&*&'/1!35!'$/!9(.5!35!:+)%;?!Q!&/)%1/0'+2*!13)/.!2/.+'/)!'3!'$/!<3''31! ,(22/0'! +,'%L%'*! 35! '$/! Y/)%'/22+0/+0! 3('5.3=! =+'/2! +0)! %'&! %0'/2+,'%30! =%'$! '$/! ,30'%0/0'+.! 1+28%0>•! Q''AB]'2! W'8'2&@,! T2&6! D#B+0A#@2.! ]6%3#'8! #5! G@'250$&2A,97! _IC@@6@IA7!@K"N6@K^I>! W/20X0)/;6Y3.%0+7!R>7!E+'/2.%0%7!Y>7!B313;+7!c>7!U%3.+0'/7!M>7!Q2/,,37!Y>7!)/![&+&%7!Y>7!M/7!H/0;/.1+006Z/7!Z/7!+0)!Y+2&$+..7!E>!C"N@N+A>!•9%+0'!13(0)/)!)2%5'&! %0!'$/!Q28/0'%0/!:30'%0/0'+.!Y+28%0?!\2%8%0&7!+0)!8.3<+.!%14.%,+'%30&!532!'$/!$%&'32*!35! '$/213$+.%0/!,%2,(.+'%30>•!F2'!253!T'6&0.'%7!-'0.0$97!"VCVA7!@_NO6@_IN>! W/20X0)/;6Y3.%0+7! R>7! E+'/2.%0%7! Y>7! U%3.+0'/7! M>7! Y+2&$+..7! E>7! )/! [&+&%7! Y>7! B313;+7! c>7! +0)! M/! C"NNTA>! •:30'3(2%'/! )/43&%'%30+.! &*&'/1! 30! '$/! Q28/0'%0/! B.34/?! Q0! /F,/4'%30+.!2/,32)!35!'$/!%05.(/0,/!35!Q0'+2,'%,!=+'/2!1+&&/&>•!-'0.0$97!IVC^A7!_NV6 _@N>! W/20X0)/;6Y3.%0+7! R>7! B/22+7! Z>7! B'3=7! ]>7! c.+L/7! P>7! P2,%..+7! 9>7! +0)! U+0! M33%b7! ]>! C"N@@+A>! •Q.3086&.34/! 3,/+0382+4$%,! 423,/&&/&! +0)! &/)%1/0'+2*! 423)(,'&! +23(0)! '$/! [•!-'0BF2'!Z'66'&87!I@C_6^A7!I@_6IK@>! W/20X0)/;6Y3.%0+7! R>7! B'3=7! ]>7! Q.L+2/;6f+2%-%+07! :>7! +0)! PF4/)%'%30! [\]E! IIT! B,%/0'%&'&>! C"N@I,A>!•[\]E!PF4/)%'%30!IIT!%0!'$/!9(.5!35!:+)%;!+0)!355!a/&'![•]@#'56#/#@!Q&#..#5$>!:%'*7!44>!@6@@>! W/20X0)/;6Y3.%0+7!R>7!B'3=7!]>7!+0)!`2+,-/02%)8/7!M>!C"N@N!•Q44/0)%F![U?!B(25+,/!B/)%1/0'! ]+'+! M/432'•7! %0! R>! W/20X0)/;6Y3.%0+! +0)! ]>! B'3=7! C/)&>A7! -b1CQWDZZ! B! DGQT! "%..! T&0A082.>! W/20X0)/;6Y3.%0+7! R>7! B'3=7! ]>7! c.+L/7! P>7! M/7! P2,%..+7! 9>7! U+0! M33%b7! ]>7! Y/0+7! Q>7! U+;J(/;7!h>6#>7!+0)!U3/.-/27!Q>!C"N@@!Q''AB:26'&!@#&@%.26#05*!A&0@'88'8!s!A&03%@68?! 9/36#/1+&>! W/20X0)/;6Y3.%0+7! R>7! B'3=7! ]>7! c.+L/7! P>7! M/7! P2,%..+7! 9>7! U+0! M33%b7! ]>7! Y/0+7! Q>7! UX;J(/;7! h>7! +0)! U3/.-/27! Q>! •]//46a+'/2! :%2,(.+'%30?! E23,/&&/&! +0)! E23)(,'&>•! T&'8'56'3!26!Q''ABE26'&!1#&@%.26#05*!T&0@'88'8!253!T&03%@68)!D56'&526#052.!105$&'887! `+%30+7!E30'/L/)2+!B4+%0>! W/20X0)/;6Y3.%0+7! h>7! c.+L/7! P>7! B313;+7! c>7! R/20+0)/;6E(8+7! Y>7! Y+/&'237! Q>7! c/307! M>7! Y/)%+.)/+7! #>7! `+203.+&7! Q>7! 9+2,%+7! Y>7! )/.! M%37! U>7! R/20+0)/;6B+.+&7! c>7! U+;J(/;7! h>7! c3<37! R>7! ]%+&7! h>7! M3)/237! h>7! +0)! 9+2)0/27! h>! C"NNIA>! •c33-%08! 532! ,.(/&! '3! 4+./3,/+0382+4$%,!%142%0'&?!Q!)%+803&%&!35!'$/!9(.5!35!:+)%;!,30'3(2%'/!)/43&%'%30+.! &*&'/1&>•!-'0.0$97!I@C@A7!@T6"">! W/20X0)/;6Y3.%0+7! h>7! c.+L/7! P>7! B313;+7! c>7! R/20+0)/;6E(8+7! Y>7! Y+/&'237! Q>7! c/307! M>7! Y/)%+.)/+7! #>7! `+203.+&7! Q>7! 9+2,%+7! Y>7! )/.! M%37! U>7! R/20+0)/;6B+.+&7! c>7! U+;J(/;7! h>7! c3<37! R>7! ]%+&7! h>7! M3)/237! h>7! +0)! 9+2)0/27! h>! C"NNIA>! •c33-%08! 532! ,.(/&! '3! 4+./3,/+0382+4$%,!%142%0'&?!Q!)%+803&%&!35!'$/!9(.5!35!:+)%;!,30'3(2%'/!)/43&%'%30+.! &*&'/1&>•!-'0.0$97!I@C@A7!@T6"">!

"KI! ! ! W%0;7! g>7! Z/7! B,$2/,-/07! M3/&/27! W>7! `.3,-7! Y>7! 930,+.L/&! )/! B3(;+7! g>7! +0)! Y/*/27! W>! C@TTTA>! •#$/! Q28/0'%0/! ,30'%0/0'+.! 1+28%0! 032'$! 35! KOwB?! &/)%1/0'+2*! &(,,/&&%30&7!L3.,+0%,!+,'%L%'*!)(2%08!<2/+-6(4>•!F2'!253!T'6&0.'%7!-'0.0$97!@^>! W3$7!+0)!:+2'=2%8$'7!h>!C"NN^A>!•I]!&/%&1%,!+0+.*&%&!35!'$/!a/&'!B$/'.+0)!]2%5'!&*&'/1?! [14.%,+'%30&! 532! c+'/! Z/38/0/! 4+.+/3,/+0382+4$*! 35! '$/! ZP! Q'.+0'%,>•! F2'! -'0.0$97!"IN7!@6"N>! W3=/7!h>!C@TT_A>!•B/)%1/0'+2*!423,/&&/&!+0)!L+2%+'%30&!%0!&.34/6,(22/0'!+,'%L%'*!)(2%08!'$/!.+&'! 8.+,%+.6%0'/28.+,%+.! /4%&3)/! 30! '$/! W/<2%)/&! B.34/7! 032'$/20! M3,-+..! #23(8$7! Z32'$! Q'.+0'%,!\,/+0>•!]'3#7'560.0$97!KI7!"@T6"IK>! W3=/7! h>7! B'3-/27! Y>7! B'3=7! ]>7! +0)! Q-$(2&'7! Y>! C"NN"A>! •B/)%1/0'! )2%5'&! +0)! ,30'3(2%'/! &/)%1/0'+'%30!%0!'$/!032'$/+&'/20!M3,-+..!#23(8$!+0)!R+/23/6B$/'.+0)!:$+00/.7!Z32'$! Q'.+0'%,!\,/+0>•7!%0!]>!B'3=7!:>!E()&/*7!h>!W3=/7!h>6:>!R+(8S2/&7!+0)!Q>!U%+0+7!C/)&>A7! Q''AB:26'&! 10560%'! 8986'78*! 703'&5! Q&#/68! 253! C5@#'56! ]'&#'8a! ]'#87#@! 253! ]'3#7'562&9!1,2&2@6'V#@8)!c30)30?!9/3.38%,+.!B3,%/'*7!44>!^_6V">! W3=/7!Y>!C@TO"A>!•#$/!Y/)%'/22+0/+0!a+'/2!\('5.3=!%0!'$/!9(.5!35!:+)%;>•!G@'250$&2A,9!253! F2'!M#0.0$97!"N7!IV6^K>! W&m7!g>7!M*+07!a>7!+0)!:%'+7!Y>!C@TVIA>!•c+'/!Y%3,/0/!)/&%,,+'%30!35!Y/)%'/22+0/+0>•!P26%&'7! "K"C_IT_A7!"KN6"KK>! Wm0/-/7! W>7! +0)! B'3=7! ]>! C"NNOA>! •[)/0'%5%,+'%30! 35! Q0,%/0'! :30'3(2%'/&?! E23<./1&! +0)! E+.+/3,/+0382+4$%,! B%80%5%,+0,/•7! %0! Y>! M/! :+1/2./08$%7! C/)&>A7! 10560%'8>!]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>!I"I6IKK>! W(0'7!]>7!+0)!9+='$324/7!c>!C"NNNA>!]'3#7'562&9!W'8A058'8!60!"0&@'3!W'$&'88#058)7!c30)30?! 9/3.38%,+.!B3,%/'*>! W(0'/27!B>!C"NNOA>!]A26#2.!253!6'7A0&2.!U2#05!#5!@0560%'!8'3#7'5626#05O!.#5;!60!U2#058! #5!A2.2'0@#&@%.26#05)7!H0%L/2&%'*!35!B3('$+14'30>! W(0'/27!B>7!a%.-%0&307!]>7!B'+0532)7!h>7!B'3=7!]>7!`+,307!B>7!Q-$1/';$+03L7!Q>7!+0)!g/0*307!Z>! C"NNVA>!•#$/!P%2%-!]2%5'?!+!.3086'/21!<+231/'/2!35!Z32'$!Q'.+0'%,!)//4=+'/2!5.(F!&3('$! 35! :+4/! R+2/=/..7! 92//0.+0)•7! %0! Q>! U%+0+! +0)! Y>! M/A7! Y@0507#@! 253! T2.2'0@'250$&2A,#@! ]#$5#/#@25@'! 0/! 10560%'! Q'A08#68>! c30)30?! 9/3.38%,+.! B3,%/'*7! B4/,%+.!E(<.%,+'%30&7!44>!"K_6"^I>! W(L/00/7!U>7!Y+&&307!]>7!+0)!a$//./27!Q>!C"NNTA>!•B/)%1/0'!)*0+1%,&!35!+!&+0)*!,30'3(2%'/?! '$/! &/)%1/0'+2*! ,30'/F'! 35! '$/! ]+2=%0! ,3.)6=+'/2! ,32+.! 13(0)&7! Z32'$/20! M3,-+..! #23(8$>•!D56'&526#052.!l0%&52.!0/!Y2&6,!]@#'5@'87!TOCKA7!O^_6OOK>! ['37!Y>!C@TT^A>!•B+0)*!,30'3(2%'/&!35!'$/!c3=/2!g+;(&+!923(4!%0!'$/!`3&3!E/0%0&(.+7!h+4+0?! g(23&$%3! ,(22/0'! %05.(/0,/)! )//46&/+! &/)%1/0'+'%30! %0! +! E.%36E./%&'3,/0/! 532/+2,! <+&%0>!>•!l0%&52.!0/!]'3#7'562&9!W'8'2&@,7!^^7!_OV6_TO>! h+0&307! h>7! U+0! )/2! 9++&'7! B>7! g3&'/27! `>7! +0)! U++2&7! Q>! C@TTOA>! •:\M#Pp7! +! &$%4<3+2)! pMR6 &,+00/2!532!/./1/0'!+0+.*&/&!%0!&4.%'!&/)%1/0'!,32/&>•!F2'!-'0.0$97!@_@7!@KI6@_I>! h(+07!:>7!P2,%..+7!9>7!P&'2+)+7!R>7!:+&+&7!]>7!Q.30&37!`>7!9+2,%+7!Y>7!R+22+07!Y>6c>7!Y+.)30+)37!Q>7! :\Z#\HM[#`PM!#/+17!+0)!Y\Z#PMQ!#/+1>!C"N@"A>!•:30'3(2%'/!&/)%1/0'+'%30!%0!'$/! Q.<32+0!B/+?!E.%36D(+'/20+2*!/L3.('%30>•!-'0B+'7287!@I7!@O@V6@O"N>! g/..%087!9>7!+0)!B'+0./*7!]>!C@TV"A>!•B/)%1/0'+2*!/L%)/0,/!35!<3''31!,(22/0'!+,'%L%'*7!B'2+%'!35! 9%<2+.'+2!2/8%30>•!F2'!-'0.0$97!@I7!_@6^N>! g/0*307! Z>7! Q-$1/';$+03L7! Q>7! +0)! [L+03L7! Y>! C"NNNA>! •Y/)%'/22+0/+0! (0)/2,(22/0'! &$32'! &'()*>•7! %0! Z>! g/0*307! Y>! [L+03L7! Q>! Q-$1/';$+03L7! +0)! 9>! Q-$1+03L7! C/)&>A7! F%.6#3#8@#A.#52&9! ]6%39! 0/! -'0.0$#@2.! T&0@'88'8! 05! 6,'! P0&6,! Y286'&5! C6.256#@! 253! E'86'&5! F'3#6'&&25'25! F2&$#58)! T&'.#7#52&9! W'8%.68! 0/! -'0.0$#@2.! 253! -'0A,98#@2.! D5U'86#$26#058! Q%$! 6,'! ++WBS! 1&%#8'! 0/! Wke! T&0/'880&! Z0$2@,'Ua! l%5'Bl%.9! (SSS)?! HZPB:\7!44>!VI6V_>! g/0*307!Z>7!+0)!`/.)/2&307!M>!C@TVIA>!•`/)!5321&!35!'$/!Y/)%'/22+0/+0!(0)/2,(22/0'!3<&/2L/)! =%'$!&%)/6&,+0!&30+2>•!]'3#7'562&9!-'0.0$97!T7!VV6TT>!

"KK! ! ! g$/.%5%7!Z>7!B+20'$/%07!Y>7!Q0)/2&/07!Z>7!`.+0;7!#>7!R2+0-7!Y>7!9+27!W+./*7!`>7! B'(1457!M>7!+0)!a/%0/.'7!Y>!C"NNTA>!•Q!1+b32!+0)!.3086'/21!E.%3,/0/!%0'/0&%5%,+'%30!35! '$/!Y/)%'/22+0/+0!3('5.3=7!I>_6I>I!Y+!+83>•!-'0.0$97!IVCTA7!O@@6O@K>! g%03&$%'+7!Y>7!#3<%07!W>7!Q&$%7!h>7!g%1(2+7!9>7!c+../1/0'7!B>7!B,2/+'307!P>7!:(2/=%';7!]>7!Y+&+837! W>7!Y3/7!g>7!+0)!+0)!'$/!PF4/)%'%30!I@KlI@_lI@^!B,%/0'%&'&>!C"NNTA>!•PF4/)%'%30!I@^! Y/'$3)&>•!T&0@''3#5$8!0/!6,'!DGQT!L([kL(_kL(^>! g0(';7!E>!C"NNOA>!•E+.+/3,/+0382+4$%,!&%80%5%,+0,/!35!,30'3(2%'/!)2%5'&•7!%0!Y>!M/! :+1/2./08$%7!C/)&>A7!10560%'8>!]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>!_@@6_I_>! g2+0,-7!g>7!+0)!Y%..%8+07!#>!C@TT@A>!•92+%0!&%;/!%0!3,/+0382+4$*>•7!%0!h>!B*L%'&-%7!C/)>A7!T@#A.'8a! 7'6,038a! 253! 2AA.#@26#05! 0/! A2&6#@.'! 8#4'! 252.98#8>! :+1<2%)8/?! :+1<2%)8/! H0%L/2&%'*! E2/&&7!44>!II"6IK_>! g2+0-7!g>7!+0)!Y%..%8+07!#>!C@TT@A>!•92+%0!&%;/!%0!3,/+0382+4$*>•7!%0!h>!B*L%'&-%7!C/)>A7!T@#A.'8a! F'6,038a! 253! CAA.#@26#058! 0/!T2&6#@.'! ]#4'! C52.98#8)!Z/=! i32-?! :+1<2%)8/! H0%L/2&%'*! E2/&&7!44>!II"6IK_>! g($07!9>7!+0)!a/!C@TTIA>!•Q,3(&'%,+.!,$+2+,'/2%;+'%30!35!&/)%1/0'!<*!T2&280%53!+0)! I>_! -W;! &*&'/1&?! M/.+'/)! &/)%1/0'+2*! 423,/&&/&! 30! '$/! &3('$/+&'/20! a/))/..! B/+! ,30'%0/0'+.!&.34/7!Q0'+2,'%,+>•!F2'!-'0.0$97!@@ICI6KA7!"N@6"@V>! c+7!+0)!:+1/2./08$%7!Q>!C"NNOA>!•#$/!B%80%5%,+0,/!35!:30'3(2%'/&!532!B(<1+2%0/!B.34/! B'+<%.%'*•7! %0! Y>! M/! :+1/2./08$%7! C/)&>A7! 10560%'8>!]/L/.341/0'&! %0! B/)%1/0'3.38*7!44>!_IV6__^>! c+7! B'3-/27! Y>7! ]+$.82/07! g>7! )/! W++&7! W>7! W+5.%)+&307! W>7! Wb/.&'(/07! `>7! Z%/.&/07! #>7! B$+00307! E>7! U322/07! #>7! L+0! a//2%087! #>7! +0)! :/2+1%,3.+7! B>! C"NN_A>! •:/+3;3%,! +.308&.34/! 423,/&&/&! +0)! &/)%1/0'+'%30! 30! '$/! Za! P(234/+0! Q'.+0'%,! 1+28%0>•! F2'!253!T'6&0.'%7!-'0.0$97!""CT6@NA7!@N^T6@NOO>! c+7! +0)! U322/07! #>! C"NNKA>! •a/%,$&/.%+0! +0)! W3.3,/0/! 823='$! 35! '$/! 032'$/20! $%8$6 .+'%'()/! c353'/0! :30'3(2%'2/! ]2%5'!30! '$/! ,30'%0/0'+.! &.34/! 35! Z32=+*>•!]'3#7'562&9! -'0.0$97!@^K7!@6@V>! c+!B>7!]+$.82/07!#>7!U322/07!#>7!W+5.%)+&307!W>7!+0)!`2*07!E>!C"NN@A>!•B/%&1%,!+0+.*&/&!35! :/03;3%,! ,30'3(2%'/! )2%5'! )/L/.341/0'! %0! '$/! Z32'$/20! Z32=/8%+0! B/+>•! F2'! -'0A,98#@2.!W'8'2&@,'87!""7!KN@6K@^>! c//)/27! Y>! C@TTTA>! ]'3#7'560.0$9! 253! ]'3#7'562&9! M28#58*! "&07! +%&=%.'5@'! 60! +'@605#@8)7! \F532)?!`.+,-=/..>! c/887!B>7!`2%/8./<7!`>7!:$+087!i>7!:$+&&%80/'7!P>7!]+0+<+&38.(7!9>7!P;/27!#>7!932)307!Q>7!92%55%/&7!B>7! W+..7! h+,-&307! c>7! +0)! c+28/7! a>! C"NNTA>! •[1423L%08! 3,/+0%,! 3L/25.3=! 2/42/&/0'+'%30! %0! ,.%1+'/! 13)/.&>! #$/! 82+L%'*! ,(22/0'! /0'2+%01/0'! ,.%1+'/! 423,/&&! '/+1>•!M%..'6#5!0/!6,'!C7'&#@25!F'6'0&0.0$#@2.!]0@#'697!TN7!^_V6^VN>! c/=%&7!]>7!+0)!Y,:30,$%/7!]>!C@TTKA>!C52.96#@2.!]'3#7'560.0$9)7!Z/=!i32-?!:$+41+0!•!W+..>! c.+L/7!P>7!W/2X00)/;6Y3.%0+7!R>7!`2+,-/02%)8/7!M>7!+0)!B'3=7!]>!•E.%3,/0/!+0)!D(+'/20+2*!&+0)*! )/43&%'&! +.308! '$/! 423F%1+.! +0)! 1%))./! &/,'32&! 35! '$/! 9(.5! 35! :X)%;! ,30'3(2%'/! )/43&%'%30+.!&*&'/1?!42/.%1%0+2*!2/&(.'&>•!T&'8'56'3!26!DGQT!Y>A'3#6#05!LLS*!J53!T086B 1&%#8'!F''6#5$7!#+2%5+7!B4+%0>! c.+L/7!P>7!W/2X00)/;6Y3.%0+7!R>7!B313;+7!c>7!B'3=7!]>7!+0)!]z+;!]/.!Mz37!U>!C"NNV+A>!•D(+'/20+2*! /L3.('%30!35!'$/!)/43&%'%30+.!&*&'/1!%0!'$/!9(.5!35!:+)%;>•7!%0!Q>!U%+0+!+0)!Y>!M/A7!Y@0507#@!253!T2.2'0@'250$&2A,#@!]#$5#/#@25@'!0/!10560%'!Q'A08#68>!c30)30?! 9/3.38%,+.!B3,%/'*7!44>!KT6VT>! c.+L/7! P>7! W/20X0)/;6Y3.%+0+7! R>7! B'3=7! ]>7! R/20X0)/;6E(8+7! Y>7! 9+2,z+7! Y>7! UX;J(/;7! h>7! Y+/&'237! Q>7! B313;+7! c>7! +0)! ]z+;! )/.! Mz37! U>! C"NNV! •M/,30&'2(,'%30&! 35! '$/! Y/)%'/22+0/+0!\('5.3=!a+'/2!)(2%08!'$/!D(+'/20+2*!<+&/)!30!'$/!&'()*!35!,$+08/&!%0! <(2%/)! 13(0)/)! )2%5'! &'+,-%08! 4+''/20! %0! '$/! 9(.5! 35! :+)%;>•! F2'! -'0A,98#@2.! W'8'2&@,7!"O7!IVT6ITK>! c.+L/7!P>7!W/20X0)/;6Y3.%0+7!R>7!P2,%..+7!9>7!9+2,%+7!Y>7!M3J(/7!:>7!U+0!M33%b7!]>7!B'3=7!]>7!h(+07! :>7! `2+,-/02%)8/7! M>7! h+0/7! 9>7! +0)! Y/0+7! Q>! CD5! T&'88A>! •a+'/2! 1+&&/&! ,%2,(.+'%30! 423,/&&/&!+.308!'$/![![9YP>!

"K_! ! ! c.+L/7!P>7!W/20X0)/;6Y3.%0+7!R>7!B313;+7!c>7!]%+;6)/.6M%37!U>7!B'3=7!]>7!Y+/&'237!Q>7!+0)!]%+&7!h>! C"NN@A>! •B/%&1%,! &'+,-%08! 4+''/20! 35! '$/! R+236Q.<(5/%2+! ,30'3(2%'/! &*&'/1! C9(.5! 35! :+)%;A?! +! D(+'/20+2*! 2/,32)! 35! 4+./3,/+0382+4$%,! +0)! '/,'30%,! %05.(/0,/&>•! F2'! -'0A,98#@2.!W'8'2&@,'87!""C_6^A7!KOV6_NO>! c.+L/7! P>7! W/20X0)/;6Y3.%0+7! R>7! B'3=7! ]>7! R/20+0)/;6E(8+7! Y>7! 9+2,%+7! Y>7! U+&J(/;7! h>7! Y+/&'237! Q>7! B31+;+7! c>7! +0)! ]/.! M%37! U>! C"NNV,A>! •M/,30&'2(,'%30&! 35! '$/! Y/)%'/22+0/+0!\('5.3=!a+'/2!)(2%08!'$/!J(+'/20+2*!<+&/)!30!'$/!&'()*!35!,$+08/&!%0! <(2%/)! 13(0)/)! )2%5'! &'+,-%08! 4+''/20! %0! '$/! 9(.5! 35! :+)%;>•! F2'! -'0A,98#@2.! W'8'2&@,'87!"OCKA7!IVT6ITK>! c.+L/7! P>7! Y+'%+&7! W>7! W/20X0)/;6Y3.%0+7! R>7! P2,%..+7! 9>7! B'3=7! ]>7! +0)! Y/)%+.)/+7! #>! C"N@@A>! •E.%3,/0/6D(+'/20+2*! ,30'3(2%'/&! +.308! '$/! 032'$/20! 9(.5! 35! :+)%;! 1+28%0?! &/)%1/0'+2*!&'+,-%08!4+''/20!+0)!2/8%30+.!)%&'2%<('%30>•!-'0BF2'!Z'66'&87!I@C_6^A7! IVV6ITN>! c.+L/7! P>7! Y+'%+&7! W>7! W/20X0)/;6Y3.%0+7! R>7! P2,%..+7! 9>7! B'3=7! ]>7! +0)! Y/)%+.)/+7! #>! C"N@NA>! •E.%3,/0/!+0)!D(+'/20+2*!&/%&1%,!&'+,-%08!4+''/20!+0)!)%&'2%<('%30!35!,30'3(2%'/&!%0! '$/!Q.8+2L/!1+28%0!CZ32'$/20!9(.5!35!:+)%;7!B4+%0A>•!-'0B+'7287!@@7!@NI6@NK>! c.+L/7!P>7!B,$305/.)7!h>7!W/20X0)/;6Y3.%0+7!R>7!Y(.)/27!#>7!B313;+7!c>7!)/.!M%37!U>7!+0)!B+0,$/;6 Q.1+;37! [>! C"NN^A>! •W%8$62/&3.('%30! &'2+'%82+4$*! 35! '$/! Y/)%'/22+0/+0! 3('5.3=! ,30'3(2%'/! &*&'/1! %0! '$/! 9(.5! 35! :+)%;! )(2%08! '$/! .+'/! E./%&'3,/0/?! #$/! %14+,'! 35! W/%02%,$!/L/0'&>•!F2'!-'0.0$97!""VCI6KA7!"K@6"^">! c3<37!R>7!W/20X0)/;6Y3.%0+7!R>7!B313;+7!c>7!M3)/237!h>7!Y+.)30+)37!Q>7!+0)!`+203.+&7!Q>!C"NNNA>! •E+''/20&! 35! <3''31! ,(22/0'! 5.3=! )/)(,/)! 5231! )(0/! +&*11/'2%/&! 3L/2! '$/! 9(.5! 35! :+)%;!&$/.5!C&3('$=/&'!B4+%0A>•!F2'!-'0.0$97!@^KCI6KA7!T@6@@V>! c3<37! R>7! Y+.)30+)37! Q>7! +0)! Z3321/'&7! M>! C"N@NA>! •c+28/6&,+./! &/)%1/0'! <3)%/&! +0)! &(4/2%143&/)! •!Y2&6,! ]%&/2@'!T&0@'88'8!253!Z253/0&787!I_C^A7!^^I6^VT>! c3<37!R>7!+0)!M%)/0'/7!]>!C"N@KA>!•B'2+'%82+4$%,!+2,$%'/,'(2/!+0)!&4+'%36'/1432+.!L+2%+<%.%'*!35! $%8$652/J(/0,*!CY%.+0-3L%',$A!)/43&%'%30+.!,*,./&!30!13)/20!,30'%0/0'+.!1+28%0&?!Q0! 3L/2L%/=>•!F2'!-'0.0$9![0!E2/&&>! c34/&7! R>7! :(0$+7! E>7! +0)! c/! 9+..7! `>! C"NN^A>! •:/03;3%,! &/%&1%,! &'2+'%82+4$*! +0)! '/,'30%,! /L3.('%30!35!'$/!Q.8+2L/!1+28%0!C355&$32/!E32'(8+.7!&3('$=/&'/20![•! F2'!-'0.0$97!"I@C@6KA7!@6I^>! c3L/..7!h>7!+0)!B'3=7!]>!C@TO@A>!•[)/0'%5%,+'%30!35!+0,%/0'!&+0)*!,30'3(2%'/&>•!-'0.0$97!T7!IKV6 IKT>! c3=/7! h>7! +0)! a+.-/27!Y>! C@TTVA>! W'@0586&%@6#5$! d%26'&52&9! Y5U#&057'5687! c30)30?! E/+2&30! [0'/20+'%30+.>! cs=/1+2-7! c>7! B,$s05/.)7! h>7! a/20/27! R>7! +0)! B,$‚5/27! E>! C"NNKA>! •#2+,/! 53&&%.&! +&! +! 4+./3,/+0382+4$%,! '33.?! PL%)/0,/! 5231! c+'/! D(+'/20+2*! &/)%1/0'&! 35! '$/! &3('$=/&'/20![•!F2'!-'0.0$97!"NK7!"V6K@>! c*0,$6B'%/8.%';7!c>7!Q)-%0&7!h>7!:(22*7!a>7!]3--/07!#>7!W+..7![>7!W/28(/2+7!h>7!W%2&,$%7!h>6Y>7![L+03L+7! P>7! g%&&/.7! :>7! Y+2,$+.7! \>7! Y+2,$%''37! #>7! Y,:+L/7! Z>7! Y,Y+0(&7! h>7! Y(.%';+7! B>7! Z%00/1+007! H>7! E//'/2&7! R>7! i(7! P>6R>7! +0)! f+$07! M>! C"NNVA>! •Q'.+0'%,! 1/2%)%30+.! 3L/2'(20%08!,%2,(.+'%30!)(2%08!'$/!.+&'!8.+,%+.!1+F%1(1>•!]@#'5@'7!I@^7!^^6^T>! Y+,P+,$/207!h>7!M+*,$+()$(2%7![>7!+0)!E/1!C@TT"A>!•B'2+'%82+4$%,!+44.%,+'%30&!35!'$/! 8.3&&%5(08%'/&! %,$035+,%/&?! )/.%0/+'%08! )%&,30'%0(%'%/&! %0! '$/! 23,-! 2/,32)>•7! %0! B>! E/1A7! CAA.#@26#058! 0/! D@,50.0$9! 60! T'6&0.'%7! Y>A.0&26#05>! B3,%/'*! 532! B/)%1/0'+2*!9/3.38*7!44>!@^T6@TO>! Y+)/.+%07! R>! C@TVNA>! •[05.(/0,/! )/! .+! '34382+4$%/! )(! 530)! &(2! .{/,3(./1/0'! 1})%'/22+0}/0! /0'2/!./!]/'23%'!)/!9%<2+.'+2!/'!./!:+4!B+%0'6U%0,/0'>•!128,#'&8!G@h250$&2A,#\%'87!""7! KI6^@>! Y+83307! c>7! +0)! `/+(130'7! P>! C"NNIA>! •E/'23./(1! B*&'/1&>•! CCT-! ]'2&@,! 253! Q#8@0U'&97! Q2'%,./!ƒKNN^O!!

"K^! ! ! Y+.)30+)37! Q>7! `+203.+&7!Q>7! `3$3*37! R>7! 9+.%0)36f+.)%L+27! h>7!W/20X0)/;6Y3.%0+7! h>7! c3<37! R>7! M3)2%8(/;6R/20+0)/;7! h>7! B313;+7! c>7! +0)! U+;J(/;7! h>! C"NNIA>! •:30'3(2%'/! )/43&%'&! %0! '$/!,/0'2+.!B,3'%+!&/+?!'$/!%1432'+0,/!35!'$/!Q0'+2,'%,!:%2,(143.+2!:(22/0'!+0)!'$/! a/))/..! 9*2/! R.3=&>•! T2.2'0$'0$&2A,9! T2.2'0@.#7260.0$9! T2.2'0'@0.0$97! @TOC@6"A7! @OV6""@>! Y+.)30+)37! Q>7! +0)! Z/.&307! :>! C@TTT+A>! •[0'/2+,'%30! 35! '/,'30%,! +0)! )/43&%'%30+.! 423,/&&/&! '$+'!,30'23.!'$/!/L3.('%30!35!'$/![•!F2'!-'0.0$97!@__C@6 "A7!"@V6"K">! Y+.)30+)37!Q>7!+0)!Z/.&307!:>!W>!C@TTT!•[0'/2+,'%30!35!'/,'30%,!+0)!)/43&%'%30+.!423,/&&/&! '$+'!,30'23.!'$/!/L3.('%30!35!'$/![•!F2'!-'0.0$97!@__C@6 "A7!"@V6"K">! Y+.)30+)37!Q>7!B313;+7!c>7!+0)!E+..+2/&7!c>!C@TTTA>!•#$/!`/'%,!3238/0!+0)!'$/![•!F2'! -'0.0$97!@__C@6"A7!T6KI>! Y+.L/20![0&'2(1/0'&!c%1%'/)>!C"N@"A>!•Q!`+&%,!9(%)/!'3!E+2'%,./!:$+2+,'/2%;+'%30>•>!:%'*>! Y+2,$/&7! P>7!Y(.)/27! #>7! :2/1/27!Y>7! `300/.7! :>7!W+0J(%/;7! U>7! 930'$%/27! P>7! +0)! c/,23+2'7!E>! C"NNVA>!•:30'3(2%'/!)2%5'!,30&'2(,'%30!%05.(/0,/)!<*!,+4'(2/!35!Y/)%'/22+0/+0!\('5.3=! a+'/2! )//46&/+! ,(22/0'! <*! '$/! E32'%1+3! &(<1+2%0/! ,+0*30! C9(.5! 35! :+)%;7! B3('$! E32'(8+.A>•!F2'!-'0.0$97!"K"CKA7!"KV6"^N>! Y+2,$/&7! P>7! Y(.)/27! #>7! 930'$%/27! P>7! :2/1/27! Y>7! W+0J(%/;7! U>7! 9+2.+07! #>7! +0)! c/,23+2'7! M>! C"N@NA>! •E/2,$/)! .3•! ]'3#7'562&9! -'0.0$97!""TCIA7!O@6TK>! Y+2'z06:$%L/./'7! h>7! R2/8/0+.6Y+2'z0/;7! Y>7! +0)! :$+,d07! `>! C"NNOA>! •#2+,'%30! &'2(,'(2/&! %0! ,30'3(2%'/&>•7! %0! Y>! M/! :+1/2./08$%7! C/)&>A7! 10560%'8>! Q1&'/2)+1?! ]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>!@_T6@O">! Y+2'%0&7! c>! C@T^_A>! •B%80%5%,+0,/! 35! &-/=0/&&! +0)! -(2'3&%&! %0! /0L%2301/0'+.! %0'/242/'+'%30>•! l0%&52.!0/!]'3#7'562&9!W'8'2&@,7!I_7!V^O6VVN>! Y+2'%0&7!c>!C"NNIA>!•M/,/0'!&/)%1/0'&!+0)!82+%06&%;/!+0+.*&%&>•!-&2U'.7!@7!TN6@N_>! Y+&307!:>7!+0)!R3.-7!M>!C@T_OA>!•]%55/2/0'%+'%30!35!•! l0%&52.! 0/! ]'3#7'562&9! T'6&0.0$97! "O7! "@@6 ""^>! Y+&&307! ]>! 9>7! E./'&7! M>! Y>! g>7! W(L/00/7! U>! Q>! [>7! a*007! M>! `>7! +0)! `/''7! `>! h>! C"N@NA>!! •B/)%1/0'3.38*!+0)!)/43&%'%30+.!$%&'32*!35!W3.3,/0/!&+0)*!,30'3(2%'/&!30!'$/!.3=/2! &.34/!35!'$/!R+23/6B$/'.+0)!:$+00/.7!032'$=/&'!35!'$/!Hg>•!FCWDPY!-YGZG-r7!"^OC@6 KA7!O_6T^>! Y,:+552/*7!a>7!+0)!g0/../27!`>!C"NN@A>!•E23,/&&!,30'23.&!30!'$/!)/L/.341/0'!35!&'2+'%82+4$%,! '2+4! 43'/0'%+.! 30! '$/! 1+28%0&! 35! ,305%0/)! '(2<%)%'/! &*&'/1&! +0)! +%)&! '3! 2/&/2L3%2! /L+.(+'%30>•!C2A$!M%..'6#57!O_C^A7!TV@6TOO>! Y,:+L/7![>!C@TOKA>!•P23&%307!'2+0&432'!+0)!)/43&%'%30!35!5%0/682+%0/)!1+2%0/!&/)%1/0'&>•7!%0!]>! B'3=!+0)!]>!E%4/27!C/)&>A7!"#5'B-&2#5'3!]'3#7'568*!Q''ABE26'&!T&0@'88'8!253!"2@#'8)! c30)30?!9/3.38%,+.!B3,%/'*7!44>!I_6^T>! Y,:+L/7![>!C"NNOA>!•B%;/!&32'%08!)(2%08!'2+0&432'!+0)!)/43&%'%30!35!5%0/!&/)%1/0'&?!&32'+<./!&%.'! +0)! 5.3=! &4//)>•7! %0! Y>! M/! :+1/2./08$%7! C/)&>A7! 10560%'8>! ]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>!@"@6@K">! Y,:+L/7![>7!`2*+0'7!M>7!:33-7!W>7!+0)!:3(8$+03=27!:>!C@TO^A>!•PL+.(+'%30!35!+!.+&/26)%552+,'%306 &%;/! +0+.*;/2! 532! (&/! =%'$! 0+'(2+.! &/)%1/0'&>•! l0%&52.! 0/! ]'3#7'562&9! T'6&0.0$97! _^7! _^@6_^K>! Y,:+L/7![>7!Y+0%8$/''%7!`>7!+0)!`/L/2%)8/7!Z>!C@TT_A>!•:%2,(.+'%30!%0!'$/!8.+,%+.!Z32'$!Q'.+0'%,! %05/22/)!5231!82+%06&%;/!1/+&(2/1/0'&>•!P26%&'7!IVK7!@KT6@_">! Y,:+L/7![>7!+0)!B*L%'&-%7!h>!C@TT@A>!•E2%0,%4./&!+0)!1/'$3)&!35!8/3.38%,+.!4+2'%,./!&%;/!+0+.*&%&•7! %0!h>!B*L%'&-%7!C/)>A7!T@#A.'8a!F'6,038a!253!CAA.#@26#05!0/!T2&6#@.'!]#4'!C52.98#8)!Z/=! i32-?!:+1<2%)8/!H0%L/2&%'*!E2/&&7!44>!I6"@>!

"KV! ! ! Y,:+L/7! [>7! +0)! #(,$3.-/7!`>!C@TO^A>! •]//4! ,(22/0'6,30'23../)! &/)%1/0'+'%30! %0! '$/! =/&'/20! Z32'$!Q'.+0'%,•7!%0!E>!U38'!+0)!`>!#(,$3.-/7!C/)&>A7!+,'!-'0.0$9!0/!P0&6,!C7'&#@2a!6,'! E'86'&5! P0&6,! C6.256#@! W'$#05a! Q'@23'! 0/! P0&6,! C7'&#@25! -'0.0$9>! `3(.)/2?! 9/3.38%,+.!B3,%/'*!35!Q1/2%,+7!44>!K_@6K^O>! Y,c/00+07!B>7!W/11%087!B>7!Y,]+0%/.7!]>7!+0)!W+0&307!9>!C@TTIA>!•9/3,$/1%,+.!+4423+,$/&!'3! &/)%1/0'+'%307! 423L/0+0,/7! +0)! '/,'30%,&>•! -'0.0$#@2.! ]0@#'69! 0/! C7'&#@2a! ]A'@#2.! T2A'&7!"KI7!"@6KN>! Y/)%+.)/+7! #>7! B31+;+7! c>7! c/d07! M>7! R+22X07! Y>7! P2,%..+7! 9>7! Y+/&'237! +>7! :+&+&7! ]>7! c.+L/7! P>7! W/20X0)/;6Y3.%0+7! h>7! R/20X0)/;6E(8+7! Y>7! +0)! Q.30&37! `>! C"NNOA>! •Y(.'%•!F2'!-'0.0$97!"KTC@6"A7!TI6@NV>! Y/)%+.)/+7!#>7!B313;+7!c>7!E%0$/%237!c>7!R/20+0)/;6E(8+7!Y>7!U+;J(/;7!h>7!c/307!M>7![L+03L7!Y>7! Y+8+.$+/&7! U>7! ]%+;6)/.6M%37! U>7! +0)! U/8+&7! M>! C"NNTA>! •#/,'30%,&! +0)! 1()! L3.,+03! )/L/.341/0'!%0!'$/!9(.5!35!:+)%;>•!F2'!-'0.0$97!"^@C@6KA7!KO6^I>! Y/)%+.)/+7!#>7!U/8+&7!M>7!B313;+7!c>7!U+;J(/;7!h>7!Y+.)30+)37!Q>7!]%+;6]/.6M%37!U>7!Y+/&'237!Q>7! :32)3<+7! ]>7! +0)! R/20+0)/;6E(8+7! Y>! C"NNKA>! •B'2(,'(2/! +0)! /L3.('%30! 35! '$/! •\.%&'3&'231/•! ,314./F! 35! '$/! 9%<2+.'+2! Q2,! %0! '$/! 9(.5! 35! :+)%;! C/+&'/20! :/0'2+.! Q'.+0'%,A?! /L%)/0,/! 5231! '=3!.308! &/%&1%,!,23&&6&/,'%30&>•!F2'! -'0.0$97!"NTC@6KA7! @VI6x>! Y//&7!R>7!B=/00/07!M>7!U+0!9//'7!Y>7!+0)!h+,3<&7!E>!C"NNIA>!•Q44.%,+'%30&!35!p62+*!,314('/2! '31382+4$*!%0!'$/!8/3&,%/0,/&>•7!%0!R>!Y//&7!M>!B=/00/07!Y>!U+0!9//'7!+0)!E>!h+,3<&7! C/)&>A7! CAA.#@26#058! 0/! fB&29! 107A%6'&! +070$&2A,9! #5! 6,'! -'08@#'5@'8)! c30)30?! 9/3.38%,+.!B3,%/'*7!44>!@6^>! Y%/0/2'! h>7! U+00/&'/! Y! `m0;! B>7! Q0)2/+&&/07! g>7! W+5.%)+&30! W>7! B/b2(47! W>E>! C"NN_A! a\,/+0! =+21%08! +0)! 8+&! $*)2+'/! &'+<%.%'*! 30! '$/! 1%)6Z32=/8%+0! 1+28%0! +0)! '$/! B'32/88+! B.%)/>bA!F2'!253!T'6&0'.%7!-'0.0$9a!""7!"II6"KK>! Y/.%S2/&7! R>! C@TVKA>! M/&/+2,$&! &(2! .+! )*0+1%J(/! &})%1/0'(%2/! 3%! -0./'! 3'! 1I3#4! ! Y/0+7!Q>7!Q8(%+27!E>7!`+22/%237!h>7!R2+0,}&7!9>7!+0)!E}2/;6Q2.(,/+7!Y>!C"N@@A>!•#$/!(&/!35!:#6&,+0! +&! &/)%1/0'+2*! 1/'$3)3.38*?! &'2+'%82+4$*! +0)! &/)%1/0'+2*! 423,/&&/&! 35! [0'/2%32! 9+.%,%+!`+&%0!+&!+0!/F+14./>•JV6,!DC]!F''6#5$!0/!]'3#7'560.0$9>!:%'*?!f+2+83;+7!B4+%07! 44>!INI>! Y/0+7!Q>7!R2+0,}&7!9>7!E}2/;6Q2.(,/+7!Y>7!W+0/<('$7!#>7!+0)!Z31!C"N@NA>!•B/)%1/0'+2*! /L3.('%30!35!'$/!9+.%,%+![00/2!`+&%0!)(2%08!'$/!.+&'!VN!-*2>•!-'0B+'7287!@@7!@"_6@"^>! Y};+2+%&7!Y>7!R+(8S2/&7!h>7!R%8(/%2/)37!Q>7!+0)!Y+&&}7!c>!C@TTIA>!•:30'3(2!,(22/0'!+,,(1(.+'%30! 355!U/1+!:$+00/.!13('$7!B3('$/20!`2+;%.!`+&%0>•!]'3#7'562&9!-'0.0$9!O"7!@VI6@OO>! Y%,$/.&7!g>7!g($07!9>7!W%../0<2+0)7!:>7!]%/-1+007!`>7!R(''/2/27!]>7!9237!+0)!H/0;/.1+006 Z/! C"NN"A>! •#$/! &3('$/20! a/))/..! B/+?! :31<%0/)! ,30'3(2%'/6'(2<%)%'/! &/)%1/0'+'%30!+'!'$/!&3('$/+&'/20!1+28%0!35!'$/!a/))/..!9*2/•7!%0!]>!B'3=7!:>!E()&/*7! h>! W3=/7! h>! R+(8S2/&7! +0)! Q>! U%+0+7! C/)&>A7! Q''ABE26'&! 10560%'! ]986'78*! F03'&5! Q&#/68!253!C5@#'56!]'&#'8a!]'#87#@!253!]'3#7'562&9!1,2&2@6'V#@8)!>!c30)30?!9/3.38%,+.! B3,%/'*7!44>!IN_6I"K>! Y%../27!g>7!g31%0;7!Y>7!`23=0%087!h>7!a2%8$'7!h>7!Y3(0'+%07!9>7!g+';7!Y>7!B(8+21+07!E>7!:2+1/27! `>7!:$2%&'%/6`.%,-7!Z>7!+0)!E/-+27!B>!C"NN_A>!•#$/!4$+0/23;3%,!2/,32)!35!8.3<+.!&/+6./L/.! ,$+08/>•!]@#'5@'7!I@NC_V_"A7!@"TI6@"TO>! Y%..3'7! :>! C@TTTA>! •:%2,(.+'%30! %0! '$/! a/&'/20! Y/)%'/22+0/+0! B/+! 3('5.3=>•! T&0$&'88! #5! G@'250$&2A,97!O"7!@N@6@"K>! Y%..3'7! :>! C"NNTA>! •Q03'$/2! )/&,2%4'%30! 35! '$/! Y/)%'/22+0/+0! B/+! 3('5.3=>•! T&0$&'88! #5! G@'250$&2A,97!O"C"A7!@N@6@"K>! Y%',$(17!M>7!U+%.7!E>7!+0)!B+082//7!h>!C@TVVA>!•B/%&1%,!&'2+'%82+4$*!+0)!8.3<+.!,$+08/&!35!&/+6 ./L/.>!E+2'!^?!B'2+'%82+4$%,!%0'/242/'+'%30!35!&/%&1%,!2/5./,'%30!4+''/20&!%0!)/43&%'%30+.! &/J(/0,/&>•7! %0! :>! E+*'307! C/)>A7! ]'#87#@! 86&26#$&2A,9! B! 2AA.#@26#058! 60! ,93&0@2&=05! '>A.0&26#05)?!QQE97!44>!@@V6@II>!

"KO! ! ! Y32+/&7! Y>7! Y+,%/.7! a>7! `2+8+7! Y>7! +0)! U%+0+7! Q>! C"NNVA>! •`3''316,(22/0'! 2/=32-/)! E+.+/3,/0/6P3,/0/! )//46=+'/2! 2/&/2L3%2&! 35! '$/! :+143&! `+&%07! `2+;%.>•7! %0! Q>! U%+0+! +0)!Y>!M/A7!Y@0507#@!253!T2.2'0@'250$&2A,#@!]#$5#/#@25@'!0/!10560%'! Q'A08#68)!c30)30?!9/3.38%,+.!B3,%/'*7!B4/,%+.!E(<.%,+'%30&7!44>!O@6TK>! Y3(8/03'7!]>7!+0)!U+00/*7!h>!C@TO"A>!•c/&!2%)/&!)/!,30'3(2%'/&!E.%36D(+'/20+%2/&!)/!.+!4/0'/! ,30'%0/0'+./! &()6432'(8+%&/>•! M%..'6#5! D586#6%6! -h0.0$#'! M288#5! 3pC\%#62#5'7! I@7! @I@6 @IT>! Y(.)/27!#>7!R+(8S2/&7!h>6:>7!+0)!930'$%/27!P>!C"NNOA>!•Y%F/)!'(2<%)%'/6,30'3(2%'/!&*&'/1&>•7!%0! Y>!M/!:+1/2./08$%7!C/)&>A7!10560%'8)!>!]/L/.341/0'&!%0!B/)%1/0'3.38*7! 44>!KI_6K_^>! Y(.)/27! #>7! 930'$%/27! P>7! c/,23+2'7! E>7! W+0J(%/;7! U>7! Y+2,$/&7! P>7! +0)! U3%&&/'7! Y>! C"NNTA>! •B/)%1/0'! 5+%.(2/&! +0)! 5.3=&! %0! '$/! 9(.5! 35! :+)%;! C/+&'/20! Q'.+0'%,A>•! F2'! 253! T'6&0.'%7!-'0.0$97!"^C_A7!^^N6^V">! Y(.)/27!#>7!c/,23+2'7!E>7!W+0J(%/;7!U>7!Y+2,$/&7!P>7!930'$%/27!P>7!9(/)/&7!h>7!#$%/<3'7!P>7!h++%)%7! `>7!g/0*307!Z>7!U3%&&/'7!Y>7!E/2/;7!:>7!B+*+837!Y>7!R(,$/*7!i>7!+0)!`(b+07!B>!C"NN^A>!•#$/! =/&'/20! 4+2'! 35! '$/! 9(.5! 35! :+)%;?! ,30'3(2! ,(22/0'&! +0)! '(2<%)%'*! ,(22/0'&! %0'/2+,'%30&>•!-'0BF2'!Z'66'&87!"^C@A7!I@6K@>! Y(.)/27! #>7! U3%&&/'7! Y>7! c/,23+2'7! E>7! c/! ]2/;/07! P>7! 930'$%/27! P>7! W+0J(%/;7! U>7! R+(8S2/&7! h>7! W+<833)7!P>7!W/20X0)/;6Y3.%0+7!R>7!P&'2+)+7!R>7!c.+L/6`+22+0,37!P>7!E3%2%/27!]>7!932%0%7! :>7! R(,$/*7! i>7! U3/.-/27! Q>7! R2/%'+&7! E>7! B+0,$/;7! R>7! R/20+0)/;7! c>7! g/0*307! Z>7! +0)! Y32/.7!h>!C"NNIA>!•#$/!9(.5!35!:+)%;?!+0!(0&'+<./!8%+0'!,30'3(2%'%,!./L//>•!-'0BF2'! Z'66'&87!"IC@A7!V6@O>! Y(''%7!P>7!`+223&7!Y>7!E3&&+'37!B>7!+0)!M(1/03&7!c>!C@TONA>!•]//4&/+!5+0!'(2<%)%'/!&/)%1/0'&! =%003=/)! <*! <3''31! ,(22/0'&! %0! '$/! P3,/0/! 35! '$/! :+143&! `+&%07! `2+;%.%+0! 355&$32/>•DC]! "#&86! Y%&0A'25! W'$#052.! F''6#5$>! :%'*?! [0'/20+'%30+.! Q&&3,%+'%30! 35! B/)%1/0'3.38%&'7!44>!@@K>! Y(''%7!P>7!+0)!:+21%0+''%7!Y>!C"N@"A>!•]//46=+'/2!&+0)&!35!'$/!`2+;%.%+0!355&$32/!<+&%0&>•!CCT-! ]'2&@,!253!Q#8@0U'&97!Q2'%,./!ƒIN"@T>! Y*/2&7!g>7!+0)!Y%.'307!Z>!C@TT^A>!•:30,/4'&!+0)!42%0,%4./&>•7!%0!]>!P1/2*!+0)!g>!Y*/2&7!C/)&>A7! ]'\%'5@'!86&26#$&2A,9)!\F532)?!`.+,-=/..>! Z/82/7!:>7!f+$07!M>7!#$31+&7!Q>7!Y+&J(}7!E>7!W/0)/2&307!9>7!Y+2'%0/;6Y}0)/;7!9>7!W+..7![>7!+0)! Y+&7! h>! C"N@NA>! •M/L/2&/)! 5.3=! 35! Q0'+2,'%,! )//4! =+'/2! )(2%08! '$/! c+&'! 9.+,%+.! Y+F%1(1>•!P26%&'7!K^O7!OK6OV>! Z/.&307! :>7! `+2+;+7! h>7! +0)! Y+.)30+.)37! Q>! C@TTIA>! •Y/)%'/22+0/+0! H0)/2,(22/0'! B+0)*! :30'3(2%'/&7!9(.5!35!:+)%;7!B4+%0>•!]'3#7'562&9!-'0.0$97!O"C@6KA7!@NI6@I@>! Z/.&307! :>7! +0)! Y+.)30+)37! Q>! C@TTTA>! •#$/! :+)%;! 1+28%0! &'()*! 355! B4+%0?! +0! %0'23)(,'%30>•! F2'!-'0.0$97!@__C@6"A7!I6O>! Z/.&307! :>! W>7! `+2+;+7! h>7! Y+.)30+)37! Q>7! M3)/237! h>7! P&,('%+7! :>7! +0)! `+2! W>! C@TTTA>! •[05.(/0,/! 35! '$/! Q'.+0'%,! %05.3=! +0)! Y/)%'/22+0/+0! 3('5.3=! ,(22/0'&! 30! c+'/! D(+'/20+2*! &/)%1/0'+2*! 5+,%/&! 35! '$/! 9(.5! 35! :+)%;! ,30'%0/0'+.! 1+28%0>•! F2'! -'0.0$97!@__C@6"A7!TT6@"T>! Z/=1+07! c>! C"NNVA>! •9EW! @@@! 6! [0'23)(,'%30! '3! E$*&%,+.! 9/382+4$*>! R.(L%+.! E23,/&&/&?! B(44./1/0'+.! c/,'(2/! Y+'/2%+.&•>! :%'*?! $''4?ll=/<>8,,+;>/)(lo.0/=1+0l84$@@@l'34%,€(0%'&l5.(L%+.l5.(L%+.">$'1.>! Z%,$3.&7!9>!C"NNTA>!]'3#7'560.0$9!253!]6&26#$&2A,9*!]'@053!Y3#6#05)7!\F532)?!a%./*6`.+,-=/..>! Z%/.&/07!h>!C@T@"A>!H93&0$&2A,9!0/!6,'!F'3#6'&&25'25!253!23i2@'56!:26'&87!:34/0$+8/0>! Z%/.&/07!#>7!Q0)/2&/07!:>7!g0(';7!E>7!+0)!g(%b4/2&7!Q>!C"N@@A>!•#$/!Y%))./!Y%3,/0/!'3!M/,/0'! ]+L%&! B'2+%'! ]2%5'! :314./F?! %14.%,+'%30&! 532! Q2,'%,GQ'.+0'%,! =+'/2! /F,$+08/>•!-'0B F2'!Z'66'&87!I@7!K@T6K"^>! Z%/.&/07!#>7!g(%b4/2&7!Q>7!+0)!g0(';7!E>!C"NNOA>!•B/%&1%,!/F42/&&%30!35!,30'3(2%'/!)/43&%'%30+.! &*&'/1&•7! %0! Y>! M/! :+1/2./08$%7! C/)&>A7! 10560%'8>! ]/L/.341/0'&! %0! B/)%1/0'3.38*7!44>!IN@6I"">!

"KT! ! ! Z\QQ7! Z>! \>! +>! Q>! Q>! C0>)>A>! •R%08/242%0'&! 35! P1%&&%30&! +0)! '$/! :+2<30! :*,./?! B'+<./! +0)! M+)%3,+2<30![&3'34/&!35!:+2<30!]%3F%)/>•>!:%'*7!44>!! $''4?ll===>/&2.>03++>83Ll81)l3('2/+,$l%&3'34/&l)/,+*>$'1.>! \)300/..7! M>7! #$%/2/0&7! Y>7! Y(22+*6a+..+,/7! :>7!]32&,$/.7! `>7! +0)! a$//./27! Q>! C"NNVA>! •[\]E! PF4/)%'%30!INV?!Q!$%8$!2/&3.('%30!2/,32)!35!,30'3(2%'/!)/43&%'%30!+0)!4+.+/3,.%1+'%,! 532,%08! 30! '$/! P+&'/20! E32,(4%0/! B/+<2%8$'! C[2%&$! :30'%0/0'+.! Y+28%0A•C7'&#@25! -'0A,98#@2.!b5#05a!"2..!F''6#5$>!:%'*?!B+0!R2+0,%&,37!44>!ƒ`I@:6N_NT>! \887! h>7! +0)! \887! 9>! C"NNOA>! •Z/38/0/6c+'/! \.%83,/0/! CN6II! Y+! '%1/6&.%,/A>•>! :%'*?! B(<,311%&&%30!532!B'2+'%82+4$%,![05321+'%30>?!! ! $''4?ll&'2+'%82+4$*>&,%/0,/>4(2)(/>/)(l,$+2'&l/)(,+'%30+.>$'1.>! \2&%7!Q>7!h3$0&307!9>7!+0)!`(..%&'/27!h>!C@TTTA>!•:%2,(.+'%30!1%F%08!+0)!423)(,'%30!35!Q0'+2,'%,! `3''31!a+'/2>•!T&0$&'88!#5!G@'250$&2A,97!KI7!__6@NT>! \2&%7!#>7!P)=+2)&7!:>7!+0)!Q0)/2&307!Q>!C@TTKA>!•p62+*!,314('/)!'31382+4$*?!Q!030)/&'2(,'%L/! 1/'$3)!532!J(+0'%'+'%L/!+0+.*&%&!35!&/)%1/0'!,32/&>•!l0%&52.!0/!]'3#7'562&9!W'8'2&@,7! ^K7!^TN6^TI>! \L2/<37!c>7!W+(8$'307!E>7!+0)!B$+00307!E>!C"NN^A>!•Q!2/,32)!35!5.(,'(+'%08!<3''31!,(22/0'&!30! '$/! &.34/&! =/&'! 35! '$/! E32,(4%0/! `+0-7! 355&$32/! [2/.+0)! 6! %14.%,+'%30&! 532! c+'/! D(+'/20+2*!,.%1+'/!532,%08>•!F2'!-'0.0$97!""_C@6KA7!"VT6INT>! E/''%b3$07!R>7!E3''/27!E>7!+0)!B%/L/27!M>!C@TOVA>!]253!253!]2538605')7!Z/=!i32-?!B42%08/26U/2.+8>! E%082//7!M>7!+0)!c/!:+007!`>!C@TTNA>!•B'2(,'(2/7!&'2/08'$!+0)!&/+&30+.%'*!35!'$/!&.34/!,(22/0'&! %0!'$/!`+*!35!`%&,+*!2/8%30>•!l0%&52.!0/!F2'!M#0.0$#@2.!C880@#26#05!! E%3'23=&-%7! Q>7! 93.)&'/%07! B>7! W/11%087! B>7! +0)! R+%2<+0-&7! M>! C"NNKA>! •[0'/0&%5%,+'%30! +0)! L+2%+<%.%'*! 35! 3,/+0! ,%2,(.+'%30! '$23(8$! '$/! .+&'! )/8.+,%+'%30>•! Y2&6,! 253! T.25'62&9! ]@#'5@'!Z'66'&87!""_7!"N_6""N>! E3&+1/0'%/27!W>7!+0)!h+1/&7!]>!C"NNTA>!•Q0!3L/2L%/=!35!&/J(/0,/!&'2+'%82+4$%,!,30,/4'&?!(&/&! +0)! +<(&/&>•7! %0! W>! E3&+1/0'%/27! :>! B(11/2$+*/&7! `>! W+J7! +0)! 9>! Q../07! C/)&>A7! ]'\%'5@'!]6&26#$&2A,9!253!"2@#'8!C880@#26#058)!\F532)?!`.+,-=/..>! E3&+1/0'%/27! W>7! h/2L/*7! Y>7! +0)! U+%.7! E>! C@TOOA>! •P(&'+'%,! ,30'23.&! 30! ,.+&'%,! )/43&%'%30! [! 6! ,30,/4'(+.!52+1/=32->•7!%0!:>!a%.8(&7!`>!W+&'%08&7!:>!g/0)+..7!W>!E3&+1/0'%/27!:>!M3&&7! +0)! h>! U+0! a+830+27! C/)&>A7! ]'2B.'U'.! 1,25$'8*! 25! D56'$&26'3! CAA&02@,)?! BPEY7! 44>! @@N6@"K>! E3&+1/0'%/27!W>7!+0)!U+%.7!E>!C@TOOA>!•P(&'+'%,!,30'23.&!30!,.+&'%,!)/43&%'%30![[!6!&/J(/0,/!+0)! &*&'/1&!'2+,'&!13)/.&>•7!%0!:>!a%.8(7!`>!W+&'%08&7!:>!g/0)+..7!W>!E3&+1/0'%/27!:>!M3&&7! +0)! h>! U+0! a+830/27! C/)&>A7! ]'2B.'U'.! 1,25$'8*! 25! D56'$&26'3! CAA&02@,)?! BPEY7! 44>! @"_6@_K>! E3=/..7! M>7! +0)! :334/27! h>! C"NN"A>! •Q! 8.+,%+.! &/J(/0,/! &'2+'%82+4$%,! 13)/.! 532! '/14/2+'/7! 8.+,%+'/)! ,30'%0/0'+.! &$/.L/&>•7! %0! h>! ]3=)/&=/..! +0)! :>! „! :35+%8$7! C/)&>A7! -.2@#'&B D5/.%'5@'3! ]'3#7'5626#05! 05! H#$,BZ26#6%3'! 1056#5'562.! F2&$#58)! c30)30?! 9/3.38%,+.! B3,%/'*7!44>!"@_6"KK>! M+$1&'3257!B>!C"NN"A>!•\,/+0!,%2,(.+'%30!+0)!,.%1+'/!)(2%08!'$/!4+&'!@"N7NNN!*/+2&>•!P26%&'7! K@T7!"NV6"@K>! M+$1&'3257! B>! C"NN^A>! •#$/213$+.%0/! 3,/+0! ,%2,(.+'%30•7! %0! B>! P.%+&7! C/)>A7! Y5@[email protected]'3#2! 0/! d%26'&52&9!]@#'5@'8>!Q1&'/2)+1?!P.&/L%/27!44>!@6@N>! M+&1(&&/07! B>7! +0)! B(2.*-7! R>! C"N@"A>! •R+,%/&! +0)! %,$03.38*! 35! +0! H44/2! :2/'+,/3(&! ,$+.-! ,30'3(2%'/! )2%5'! ,314./F7! /+&'/20! ]/01+2-7! +0)! '$/! L+.%)%'*! 35! ,30'3(2%'/! 5+,%/&! 13)/.&>•!l0%&52.!0/!6,'!-'0.0$#@2.!]0@#'697!@^TCKA7!KI_6KKV>! M/+)%087! W>7! +0)! c/L/..7! `>! C@TT^A>! ]'3#7'562&9! '5U#&057'568*! A&0@'88'8a! /2@#'8a! 253! 86&26#$&2A,97!\F532)?!`.+,-=/..!B,%/0,/>! M/!C"NN_A>!•:30'3(2%'/&•7!%0!M>!B/../*7!c>!:3,-&7!+0)![>!E.%1/27!C/)&>A7!Y5@[email protected]'3#2!0/! -'0.0$9>!\F532)?!P.&/L%/27!44>!_@I6_"V>! M/7! +0)! :+1/2./08$%7! Q>! C"NNOA>! 10560%'87! Q1&'/2)+1?! ]/L/.341/0'&! %0! B/)%1/0'3.38*>!

"_N! ! ! M/7! W/20X)/;6Y3.%0+7! R>7! U+0! M33%b7! ]>7! +0)! a…$.%07! Q>! C"N@KA>! •:30'3(2%'/&! +0)! +&&3,%+'/)!&/)%1/0'&!,30'23../)!<*!)//46=+'/2!,%2,(.+'%30!423,/&&/&?!B'+'/6356'$/6+2'! +0)!5('(2/!,30&%)/2+'%30&>•!F2'!-'0.0$97![0!E2/&&>! M/7! c+2'/27! M>7! `+2-/27! E>7! :+1/2./08$%7! Q>7! +0)! U+00/&'/>! C@TTVA>! •#$/! $%&'32*! 35! &/)%1/0'+'%30!30!'$/!,30'%0/0'+.!2%&/!=/&'!35!'$/!Q0'+2,'%,!E/0%0&(.+>•7!%0!E>!`+2-/2! +0)!Q>!:334/27!C/)&>A7!-'0.0$9!253!]'#78#@!]6&26#$&2A,9!0/!6,'!C562&@6#@!F2&$#5a!T2&6! J)7!44>!"T6KT>! M/7!E()&/*7!:>7!:+0+.&7!Y>7!:+1/2./08$%7!Q>7!`+-/27!E>7!P&'2+)+7!R>7!+0)!9%328/''%7!Q>! C"NN"A>! •B/)%1/0'! )2%5'&! +0)! )//46&/+! ,$+00/.! &*&'/1&7! Q0'+2,'%,! E/0%0&(.+! E+,%5%,! Y+28%0>•7!%0!]>!B'3=7!:>!E()&/*7!h>!W3=/7!h>6:>!R+(8S2/&7!+0)!U>!QM7!C/)&>A7!Q''ABE26'&! 10560%'! ]986'78*! F03'&5! Q&#/68! 253! C5@#'56! ]'&#'8a! ]'#87#@! 253! ]'3#7'562&9! 1,2&2@6'V#@8)!c30)30?!9/3.38%,+.!B3,%/'*7!44>!I_I6IV@>! M/7!+0)!B'3=7!]>!C"NN@A>!•B/%&1%,!PF42/&&%30!30!:30'3(2%'/&!+0)!M/.+'/)!]/43&%'&?!Q! E2/5+,/>•!F2'!-'0A,98#@2.!W'8'2&@,7!""7!INI6INO>! M%+;+7!:>7!+0)!Y+2z0/;!]/.!\.137!a>!C@TT^A>!•]/43&%'%30+.!13)/.!35!'$/!9(+)+.J(%L%269(.5!35! :+)%;!#/2'%+2*!`+&%0•7!%0!E>!R2%/0)!+0)!:>!]+<2%37!C/)&>A7!+'&6#2&9!M28#58!0/!]A2#5*!+,'! ]6&26#$&2A,#@!W'@0&3!0/!1&%862.!c#5'726#@8>!:+1<2%)8/?!:+1<2%)8/!H0%L/2&%'*!E2/&&7!44>! IIN6IIO>! M%,$'/27!#>7!U+0!)/2!9++&'7!B>7!g3&'/27!`>7!U++2&7!Q>7!9%/./&7!M>7!]/!B'%8'/27!W>7!]/!W++&7!W>7!+0)! U+0! a//2%087! #>! C"NN^A>! •#$/! QL++'/,$! pMR! :32/! B,+00/2?! '/,$0%,+.! )/&,2%4'%30! +0)! +44.%,+'%30&! '3! ZP! Q'.+0'%,! &/)%1/0'&>•7! %0! M>! M3'$=/..7! C/)>A7! P':! +'@,5#\%'8! #5! ]'3#7'56!10&'!C52.98#8>!c30)30?!9/3.38%,+.!B3,%/'*7!44>!IT6_N>! M3!C@TVNA>!•#$/!M%5'6`/'%,!3238/0!%0!'$/!9(.5!35!:+)%;>•!F2'!-'0.0$97!T7!YI@6IV>! M3<%0&307! B>7! +0)! Y,:+L/7! [>! C@TTKA>! •\2<%'+.! 532,%08! 35! <3''316,(22/0'! /0$+0,/)! &/)%1/0'+'%30! 30! R/0%! ]2%5'7! ZP! Q'.+0'%,7! )(2%08! '$/! Y%)! E./%&'3,/0/>•! T2.'0@'250$&2A,97!TC^A7!TKI6TV">! M3/&'7! a>7! +0)! B2%L+&'+L+7! B>! C@TT@A>! •g%0/1+'%,&! 35! '$/! 4.+'/! <3(0)+2%/&! •!-'0.0$97! @TC^A7!^@I6^@^>! M38/2&307! Y>7! c/887! B>7! U+0! M33%b7! ]>7! `2+,-/02%)8/7! M>7! E2/(7! `>7! B'3=7! ]>7! +0)! W/20X0)/;6 Y3.%0+7!R>!•]%+.38(/!`/'=//0!:30'3(2%'/!+0)!\,/+0382+4$*!E23,/&&/&>![0'/20+'%30+.! a32-&$34>•7!H0%L/2&%'*!35!W(..7!Hg>! M38/2&307!Y>7!M3$.%087!P>7!`%887!9>7!+0)!M+1%2/;7!h>!C"N@"A>!•E+./3,/+0382+4$*!35!'$/!Q'.+0'%,6 Y/)%'/22+0/+0! /F,$+08/?! 3L/2L%/=! +0)! 5%2&'! J(+0'%'+'%L/! +&&/&&1/0'! 35! ,.%1+'/! 532,%08>•!W'U#':8!0/!-'0A,98#@87!_N>! M38/2&307!Y>7!M3$.%087!P>7!a/+L/27!E>7!+0)!Y(22+*7!h>!C"NN_A>!•9.+,%+.!'3!%0'/28.+,%+.!,$+08/&!%0! '$/!&/''.%08!)/4'$!35!'$/!Y/)%'/22+0/+0!\('5.3=!4.(1/>•!T2.'0@'250$&2A,97!"NCIA>! M38/2&307!Y>7!B,$305/.)7!h>7!+0)!c/087!Y>!C"N@@A>!•D(+.%'+'%L/!+0)!J(+0'%'+'%L/!+4423+,$/&!%0! 4+.+/3$*)2382+4$*?! Q! ,+&/! &'()*! 5231! ,32/6'34! 4+2+1/'/2&! %0! '$/! 9(.5! 35! :+)%;>•! F2'!-'0.0$97!"ONC@6KA7!@_N6@^V>! Ms$.7!H>!•pMR!:32/!B,+00%08>•!T&'8'56'3!26!Y1GWQ!]%77'&8@,00.!05!pQ9527#@8!0/!T286!1.#726'! 1,25$'8p7!`2/1/0>! M3$.%087!P>7!+0)!f+,$+2%+&&/7!a>!C@TTTA>!•M/)!B/+!3('5.3=!)(2%08!'$/!.+&'!8.+,%+.!1+F%1(1>•! d%26'&52&9!D56'&526#052.7!I@7!VV6OI>! M3J(/7! Q>! C"NNVA>! +'@605086&26#$&2/#2! 30! @'504q#@0! 328! 72&$'58! @056#5'562#8! 8%.! '! 8%30'86'! A0&6%$%'828*! %7! 703'.0! 3'! @0&&'.2uv0! 8#87086&26#$&I/#@2)7! H0%L/2&%)+)/! )/! c%&<3+7! E32'(8+.>! M3J(/7!:>7!](+2'/7!W>7!#/22%0$+7!E>7!U+.+)+2/&7!U>7!Z3%L+7!h>7!:+,$+37!Y>7!R/22/%2+7!h>7!c/83%0$+7! E>7!+0)!f%'/..%0%7!Z>!C"N@"A>!•E.%3,/0/!+0)!D(+'/20+2*!)/43&%'%30+.!13)/.!35!'$/!Q.8+2L/! 1+28%0! ,30'3(2%'/! )2%5'&! C9(.5! 35! :+)%;7! Ba! [•!F2'!-'0.0$97!INI7!K"6^">! M3&/0<+(17!9>7!c%&'/27!9>7!+0)!](<3;7!:>!C"NN"A>!•M/,30&'2(,'%30!35!'$/!'/,'30%,!/L3.('%30!35! '$/! =/&'/20! Y/)%'/22+0/+0! &%0,/! '$/! \.%83,/0/>•7! %0! 9>! M3&/0<+(1! +0)! 9>! c%&'/27!

"_@! ! ! C/)&>A7!W'@0586&%@6#05!0/!6,'!'U0.%6#05!0/!6,'!C.A#5'BH#72.2925!0&0$'5)?!h3(20+.!35!'$/! U%2'(+.!PF4.32/27!44>!E+4/2!^>! M3'$=/..7!M>!C@TOTA>!F#5'&2.8!253!F#5'&2.0#38!#5!F2'!]'3#7'568*!C5!GA6#@2.!-%#3')7!`+2-%087! P08.+0)?!P.&/L%/2!Q44.%/)!B,%/0,/>! M3'$=/..7!M>7!+0)!M+,-7!R>!C"NN^A>!•Z/=!'/,$0%J(/&!%0!&/)%1/0'!,32/!+0+.*&%&?!+0!%0'23)(,'%30•7! %0! M>! M3'$=/..7! C/)>A7! P':! +'@,5#\%'8! #5! ]'3#7'56! 10&'! C52.98#8>! c30)30?! 9/3.38%,+.! B3,%/'*7!44>!@6"T>! M3L/2%7! Y>7! R./,-/27! M>7! g2%b8&1+07! a>7! c35%7! h>7! c(8.%7! B>7! Y+0;%7! U>7! B%/2237! R>7! `/2'%0%7! Q>7! :+1/2./08$%7! Q>7! ]/! c+08/7! 9>7! 93L/2&7! M>7! W%.8/07! R>7! Wm<&,$/27! :>7! Y/%b/27! E>7! +0)! B'3%,+7!Y>!C"N@KA>!•#$/!Y/&&%0%+0!B+.%0%'*!:2%&%&?!E+&'!+0)!5('(2/!35!+!82/+'!,$+../08/! 532!1+2%0/!&,%/0,/&>•!F2'!-'0.0$97!%0!42/&&>! B+L3*/7!`>7!E%4/27!]>7!+0)!]23;7!c>!C@TTIA>!•E.%36E./%&'3,/0/!/L3.('%30!35!'$/!U+2!)//46&/+!5+0! 355!'$/!R2/0,$!M%L%/2+>•!F2'!253!T'6&0.'%7!-'0.0$97!@N7!__N6_V@>! B,$.+8/27!a>!C"NN_A>!12&=0526'!8'3#7'560.0$9!253!8'\%'5@'!86&26#$&2A,9)?!BPEY>! B,$.%';/27!M>!C"N@IA>!•\,/+0!]+'+!U%/=•>!:%'*?!$''4?ll3)L>+=%>)/>! B,$1%/).7! 9>7! g($0'7! #>7! P$21+007! a>7! P1%&7! g>6:>7! W+1+007! i>7! g3''$3557! H>7! ](.&-%7! E>7! +0)! E23&&7!h>!C"N@NA>!•:.%1+'%,!532,%08!35!/+&'/20!Y/)%'/22+0/+0!)//46=+'/2!5321+'%30!+0)! •!d%26'&52&9!]@#'5@'!W'U#':87!"T7!"I6"K>! B,$1%''0/27! Q>! C"NNIA>! •B3('$/20! \,/+0! &/+! %,/! +0)! 2+)%3,+2<30! +8/&! 35! 8.+,%+.! <3''31! =+'/2&>•!Y2&6,!253!T.25'62&9!]@#'5@'!Z'66'&87!"@I7!_I6^">! B,$(.';7!g>7!+0)!f//!C"NN^A>!•E./%&'3,/0/!8.+,%+.!'/21%0+'%30&!'2%88/2/)!<*!&*0,$2303(&! ,$+08/&! %0! B3('$/20! +0)! Z32'$/20! W/1%&4$/2/! %0&3.+'%30?! #$/! %0&3.+'%30! ,+030! $*43'$/&%&>•!Y2&6,!253!T.25'62&9!]@#'5@'!Z'66'&87!"KT7!I"^6II^>! j1*o&(%7;A' vBA' 6&;' p6*&A' \B' 761#67' $)' q)7)1%&%' *#4$)"8' )(' $*%' [%;#$%""6&%6&' \('5.3=>!PL%)/0,/!5231!!>•!T2.2'0$'0$&2A,9a!T2.2'0@.#7260.0$9a!T2.2'0'@0.0$97!@_TC@6"A7! O_6@@@>! B/22+7! Z>7! Q1<+27! [>7! +0)! `3('3L7! ]>! C"N@NA>! •B(25+,/! /F42/&&%30! 35! Y/)%'/22+0/+0! a+'/2! )%43./&! +0)! '$/%2! ,30'2%<('%30! '3! '$/! &$/.5l&.34/! 6! 34/0! 3,/+0! /F,$+08/>•! G@'25! ]@#'5@'7!^7!@T@6"NT>! B$+,-./*7!Y>!C"N@@A>!•Q0!%0'23)(,'%30!'3!p6M+*!R.(32/&,/0,/!CpMRA!+0+.*&%&!%0!Q2,$+/3.38*•7!%0! Y>! B$+,-./*7! C/)>A7! fBW29! ".%0&'8@'5@'! ]A'@6&07'6&9! ! Z/=! i32-?!B42%08/27!44>!V6KK>! B$+01(8+17! 9>! C"NNIA>! •]//461+2%0/! '%)+.! <3''31! ,(22/0'&! +0)! '$/%2! 2/=32-/)! &+0)&! %0! 13)/20!+0)!+0,%/0'!&(<1+2%0/!,+0*30&>•!F2'!253!T'6&0.'%7!-'0.0$97!"NC_A7!KV@6 KT@>! B$+01(8+17! 9>! C"NN^A>! •]//46=+'/2! <3''31! ,(22/0'&>•! H253=00;! 0/! T'6&0.'%7! Y>A.0&26#05! 253!T&03%@6#057!_7!O_6@IT>! B$+01(8+17! 9>! C"N@"+A>! •]%&,(&&%30! 35! W/! /'! +.>! C"NN@7! 9/36Y+2%0/! c/''/2&A! /L%)/0,/! 35! %0'/20+.6=+L/!+0)!%0'/20+.6'%)/!)/43&%'&!%0!'$/!Y%))./!\2)3L%,%+0!p(b%+b(+0!R321+'%30! 35!'$/!p%+08&$+0!923(47!Z%08F%+7!:$%0+>•!-'0BF2'!Z'66'&87!I"7!I_T6I^^>! B$+01(8+17! 9>! C"N@"! P':! T'&8A'@6#U'8! 05! Q''ABE26'&! ]2538605'8*! G&#$#5! W'@0$5#6#05a! D5#6#26#05a!253!W'8'&U0#&!d%2.#69)7!\F532)?!P.&/L%/2>! B$+01(8+17!9>7!+0)!Y3%3.+7!M>!C@TO"A>!•P(&'+'%,!,30'23.!35!)//46&/+!2/&/2L3%2!5+,%/&>•!C2A$! M%..'6#5BC7'&#@25!C880@#26#05!0/!T'6&0.'%7!-'0.0$#8687!^^C_A7!^"T6^"T>! B$+01(8+17!9>7!B4+.)%087!#>7!+0)!M35$/+2'7!]>!C@TT_A>!•]//461+2%0/!<3''316,(22/0'!2/=32-/)! &+0)! CE.%3,/0/! +0)! E./%&'3,/0/A7! P=%08! `+0-! O"^! R%/.)7! 9(.5! 35! Y/F%,3•7! ]YTF! 10&'! E0&;8,0A!P0)JKa!+%&=#3#6'8!253!2880@#26'3!3''AB:26'&!/2@#'8>!W3(&'307!44>!"_6_K>! B$+00307!E>7!B'3-/27!Y>7!E2+/87!]>7!L+0!a//2%087!#>7!)/!W++&7!W>7!Z%/.&/07!#>7!]+$.82/07!g>7!+0)! Wb/.&'(/07! `>!C"NN_A>! •B/J(/0,/! &'2+'%82+4$%,! +0+.*&%&! %0! )//46=+'/27! (0)/25%../)! Za! P(234/+0! 4+&&%L/! 1+28%0! <+&%0&>•! F2'! 253! T'6&0.'%7! -'0.0$97! ""CT6@NA7! @@O_6 @"NN>!

"_"! ! ! B$+37!c>7!c%7!p>7!9/087!h>7!E+087!p>7!c/%7!i>7!D%+37!E>7!a+087!c>7!+0)!a+087!W>!C"NNVA>!•]//4!=+'/2! <3''31!,(22/0'!)/43&%'%30!%0!'$/!032'$/20!B3('$!:$%0+!B/+>•!]@#'5@'!#5!1,#52!]'&#'8!Q! Y2&6,!]@#'5@'87!_NCVA7!@N^N6@NN^>! B$/4+2)7!R>7!+0)!i3(087!M>!C@T^@A>!•]%&'%08(%&$%08!•!l0%&52.!0/! ]'3#7'562&9!T'6&0.0$97!I@7!@T^6"@K>! B%/2237! R>! h>7! R.32/&7! h>! Q>7! +0)! `+2+;+7! h>! C@TTTA>! •c+'/! 8.+,%+.! '3! 2/,/0'! 4+./3/0L%2301/0'+.! ,$+08/&! %0! '$/! 9(.5! 35! :+)%;! +0)! 5321+'%30! 35! &+0)*! ,30'3(2%'/! .+*/2&>•! F2'! -'0.0$97!@__C@6"A7!@_V6@V">! B313;+7!c>7!]%+;6)/.6M%37!U>7!c/307!M>7![L+03L7!Y>7!R/20+0)/;6E(8+7!Y>7!9+2)0/27!h>7!W/20X0)/;6 Y3.%0+7!R>7!E%0$/%237!c>7!M3)/237!h>7!c3<+'37!Q>7!Y+/&'237!Q>7!U+;J(/;7!h>7!Y/)%+.)/+7!#>7! +0)!R/20+0)/;6B+.+&7!c>!C"NNIA>!•B/+•!F2'!-'0.0$97!@T_C@6KA7!@_I6@V^>! B2%L+&'+L+7! B>7! B,$3('/07! W>7! M3/&'7! a>7! g.%'832)7! g>7! g3L+,&7! c>7! U/2$3/57! h>7! +0)! Y+,0+<7! M>! C@TTNA>! •[•!P26%&'7!IKKC^"^OA7!V_^6V_T>! B'+0./*7! ]>! C@TTIA>! •Y3)/.! 532! '(2<%)%'/6'36,30'3(2%'/! ,30'%0((1! +0)! 1(.'%4./! 423,/&&! '2+0&432'!%0!)//4!1+2%0/!&/''%08&?!/F+14./&!%0!'$/!23,-!2/,32)>•!]'3#7'562&9!-'0.0$97! O"7!"K@6"__>! B'+0./*7! U>! C"N@@A>! •#Y[G! #33.! 532! Y%,23&,34/! [)/0'%5%,+'%30>•7! H>! 3>! Y%00/&3'+7! C/)>A>! :%'*?! $''4&?ll'1%>.+,,32/>(10>/)(l>! B'/%87!P>!C"NN^A>!•#$/!032'$6&3('$!,300/,'%30>•!P26%&'7!KKK7!@_"6@_I>! B'3-/27!Y>7!Q-$(2&'7!Y>7!W3=/7!h>7!+0)!B'3=7!]>!C@TTOA>!•B/)%1/0'!)2%5'&!+0)!,30'3(2%'/&!30!'$/! ,30'%0/0'+.!1+28%0!355!032'$=/&'!`2%'+%0>•!]'3#7'562&9!-'0.0$97!@@_C@6KA7!II6_@>! B'3-/27!Y>7!E$/+&+0'7!h>7!+0)!h3&/0$+1&7!W>!C@TTVA>!•B/%&1%,!Y/'$3)&!+0)![0'/242/'+'%30>•7!%0! #>! ]+L%/&7! #>! `/..7! Q>! :334/27! W>! h3&/0$+0&7! c>! E3.*+-7! Q>! B3.$/%17! Y>! B'3-/27! +0)! h>! B'2+L/2&7! C/)&>A7! -.2@#26'3! 1056#5'562.! F2&$#58*! C5! C6.28! 0/! C@0%86#@! D72$'8>! Z/'$/2.+0)&?!B42%08/27!44>!T6"^>! B'3=7!]>7!Q21%&$+=7!h>7!+0)!W3.1/&7!M>!C"NN"+A>!•W3.3,/0/!,30'3(2%'/!&+0)!&$//'!30!'$/!`+22+! R+0!&.34/7!Za!W/<2%)/+0!1+28%0>•7!%0!]>!B'3=7!:>!E()&/*7!h>!W3=/7!h>6:>!R+(8S2/&7!+0)! Q>! U%+0+7! C/)&>A7! Q''ABE26'&! 10560%'! ]986'78*! F03'&5! Q&#/68! 253! C5@#'56! ]'&#'8a! ]'#87#@!253!]'3#7'562&9!1,2&2@6'V#@8)!c30)30?!9/3.38%,+.!B3,%/'*7!44>!TT6@"N>! B'3=7!]>7!`2+,-/02%)8/7!M>7!+0)!W/20X0)/;6Y3.%0+7!R>!C"N@@+A>!•:30'3(2%'/!&$//'!&+0)&?!0/=! )//4=+'/2!/F4.32+'%30!'+28/'>•CCT-!C55%2.!105/'&'5@'!253!Y>,#=#6#05>!:%'*?!W3(&'307! HBQ>! B'3=7!]>7!`2+,-/02%)8/7!M>7!E+'/.7!H>7!+0)!#3(.1%07!B>!C"N@"A>!•9/3$+;+2)&!+0)!\,/+0!W+;+2)&! %0!]//4=+'/2?!\L/2L%/=!+0)!1/'$3)&!35!Q&&/&&1/0'•G//8,0&'!+'@,50.0$9!105/'&'5@'>! :%'*?!W3(&'307!#/F+&7!44>!"I^TV6EE>! B'3=7!]>7!+0)!R+(8S2/&7!h>6:>!C"NNOA>!•:30'3(2%'/!5+,%/&!+0)!5+,/&!13)/.>•7!%0!Y>!M/! :+1/2./08$%7!C/)&>A7!10560%'8)?!]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>!""I6"_N>! B'3=7!]>7!R+(8S2/&7!h>6:>7!+0)!930'$%/27!P>!C@TO^A>!•R+,%/&!)%&'2%<('%30!+0)!'/F'(2+.!L+2%+'%30!%0! R+23!]2%5'!,30'3(2%'/&?!U/.3,%'*!5.(,'(+'%30!+0)!)2%5'!823='$>•!F2'!-'0.0$97!V"7!V@6 @NN>! B'3=7!]>7!R+(8S2/&7!h>6:>7!930'$%/27!P>7!:2/1/27!Y>7!c.+L/7!P>7!W/20X0)/;6Y3.%0+7!R>7!B313;+7!c>7! +0)! ]z+;6]/.6Mz37! U>! C"NN"! •R+236Q.<(5/%2+! )2%5'! ,314./F7! 032'$/20! 9(.5! 35! :+)%;•>! :%'*?!9/3.38%,+.!B3,%/'*!7!c30)30!7!Y/13%2&7!44>!@IV6@_K>! B'3=7! ]>7! R+(8S2/&7! h>6:>7! W3=/7! h>7! E()&/*7! :>7! +0)! U%+0+7! Q>! C"NN",A>! •`3''31! ,(22/0'&7! ,30'3(2%'/&! +0)! )//46&/+! &/)%1/0'! )2%5'&?! ,(22/0'! &'+'/6356'$/6+2'•7! %0! ]>! B'3=7! :>! E()&/*7!h>!W3=/7!h>6:>!R+(8S2/&7!+0)!Q>!U%+0+7!C/)&>A7!Q''AB:26'&!@0560%'!8986'78*! 703'&5! 3&#/68! 253! 25@#'56! 8'&#'8a! 8'#87#@! 253! 8'3#7'562&9! @,2&2@6'V#@8>! c30)30?! 9/3.38%,+.!B3,%/'*7!Y/13%2&7!44>!V6"N>! B'3=7!]>7!+0)!R+(8S2/&7!h>!C@TTOA>!•B4/,%+.![&&(/?!:30'3(2%'/&7!'(2<%)%'/&!+0)!423,/&&!%0'/2+,'%30! 6!E2/5+,/>•!]'3#7'562&9!-'0.0$97!@@_C@6KA7!@6@>!

"_I! ! ! B'3=7!]>7!R+(8S2/&7!h>7!U%+0+7!Q>7!+0)!930'$%/27!P>!C@TTOA>!•R3&&%.!,30'3(2%'/&?!+!,2%'%,+.!2/L%/=>•! ]'3#7'562&9!-'0.0$97!@@_C@6KA7!I6I@>! B'3=7! ]>7! W/20X0)/;6Y3.%0+7! R>7! Q.L+2/;! f+2%-%+07! :>7! +0)! #$/! PF4/)%'%30! IIT! B,%/0'%&'&>! C"N@I+A>! F'3#6'&&25'25! G%6/.0:*! Y5U#&057'562.! 8#$5#/#@25@'! 0/! 6,'! F'3#6'&&25'25! G%6/.0:!E26'&)7!#3-*3?![0'/82+'/)!\,/+0!]2%..%08!E2382+1!Y+0+8/1/0'![0'/20+'%30+.7! [0,>! B'3=7!]>7!W/20X0)/;6Y3.%0+7!R>7!P7!c>7!B+*+8369%.7!Y>7!]z+;!)/.!Mz37!U>7!+0)!`2+0&307!Q>!C"NNTA>! •`/)53216L/.3,%'*! 1+'2%F?! #$/! /&'%1+'%30! 35! <3''31! ,(22/0'! L/.3,%'*! 5231! •!-'0.0$97!IV7!I"V6IIN>! B'3=7!]>7!W/20X0)/;6Y3.%0+7!R>7!W3)/..7!]>7!+0)!Q.L+2/;!f+2%-%+07!:>!C"N@@!•Y/)%'/22+0/+0! 3('5.3=?/0L%2301/0'+.!&%80%5%,+0,/!35!'$/!Y/)%'/22+0/+0!\('5.3=!a+'/2!+0)!%'&!8.3<+.! %14.%,+'%30&>•7!D56'$&26'3!G@'25!Q&#..#5$!T&0$&27!]@#'56#/#@!T&08A'@6%8!C33'53%7>! B'3=7!]>7!W/20X0)/;6Y3.%0+7!R>7!c.+L/7!P>7!`2(037!Y>7!9+2,z+7!Y>7!]z+;!)/.!M%37!U>7!B313;+7!c>7! +0)! `2+,-/02%)8/7! M>! C"N@I! •#$/! :+)%;! :30'3(2%'/! :$+00/.?! B+0)*! ,30'3(2%'/&7! •!F2'!-'0.0$97!IKI7!TT6@@K>! B'3=7!]>7!+0)!W3.<233-7!h>!C@TOKA>!•Z32'$!Q'.+0'%,!,30'3(2%'/&?!+0!3L/2L%/=•7!%0!]>!B'3=!+0)!]>! E%4/27! C/)&>A7! "#5'B$&2#5'3! ]'3#7'568*! Q''AB:26'&! T&0@'88'8! 253! "2@#'8>! c30)30?! 9/3.38%,+.!B3,%/'*7!44>!"K_6"_^>! B'3=7!]>7!W(0'/27!B>7!a%.-%0&307!]>7!+0)!W/20X0)/;6Y3.%0+7!R>!C"NNOA>!•#$/!0+'(2/!35!,30'3(2%'/! )/43&%'%30•7!%0!Y>!M/!:+1/2./08$%7!C/)&>A7!10560%'8!!]/L/.341/0'&!%0! B/)%1/0'3.38*7!44>!@KI6@_^>! B'3=7! ]>7! g+$./27! 9>7! +0)! M//)/27! Y>! C"NN")A>! •R3&&%.! ,30'3(2%'/&?! '*4/! /F+14./! 5231! +0! \.%83,/0/!4+.+/3&.34/!&*&'/17!:*42(&>!•7!%0!]>!B'3=7!:>!E()&/*7!h>!W3=/7!h>!R+(8S2/&7! +0)!Q>!U%+0+7!C/)&>A7!10560%'!]986'78*!F03'&5!Q&#/68!253!C5@#'56!]'&#'8a!]'#87#@!253! ]'3#7'562&9!1,2&2@6'V#@8)!>!c30)30?!9/3.38%,+.!B3,%/'*7!44>!KKI6K__>! B'3=7!]>7!+0)!Y+*+..7!Y>!C"NNNA>!•]//46=+'/2!&/)%1/0'+2*!&*&'/1&?!Z/=!13)/.&!532!'$/!"@&'! ,/0'(2*>•!F2'!253!T'6&0.'%7!-'0.0$97!@VC"A7!@"_6@I_>! B'3=7!]>7!E()&/*7!:>7!W3=/7!h>7!R+(8S2/&7!h>6:>7!+0)!U%+0+7!Q>!C"NN"/A>!Q''ABE26'&!10560%'! ]986'78*! F03'&5! Q&#/68! 253! C5@#'56! ]'&#'8a! ]'#87#@! 253! ]'3#7'562&9! 1,2&2@6'V#@87! c30)30?!9/3.38%,+.!B3,%/'*>! B'3=7!]>7!M/+)%087!W>7!+0)!:3..%0&307!h>!C@TT^A>!•]//4!&/+&>•7!%0!W>!M/+)%087!C/)>A7!]'3#7'562&9! Y5U#&057'568)!\F532)?!`.+,-=/..7!44>!IT_6K_K>! B'(%L/27!Y>7!+0)!9233'/&7!E>!C"NNNA>!•9[BE"!\F*8/0![&3'34/!M+'%3&>•!d%26'&52&9!W'8'2&@,7!_I7! "VV6"OK>! BHPM:7!B>!H>!P>!M>!:>!C0>)>A>!•QYB!E2382+11/•>!:%'*?!! ! $''4?ll===>8.+>+,>(-l,/0'2/&l0/2,2,.lQ0+.*'%,+.€0/=>$'1>! B(2.*-7!R>7!h/0&/07!B>7!+0)!P08-%.)/7!Y>!C"NNOA>!•]//4!,$+00/.&!%0!'$/!:/031+0%+06]+0%+0!:$+.-! 923(4! 35! '$/! 9/21+0! Z32'$! B/+! &/,'32?! PL%)/0,/! 35! &'2308! ,30&'2(,'%30+.! +0)! /23&%30+.!<3''31!,(22/0'&!+0)!/55/,'!30!2/&/2L3%2!J(+.%'*!)%&'2%<('%30>•!C2A$!M%..'6#57! T"C@@A7!@_^_6@_O^>! B(2.*-7!R>7!+0)!c*--/6Q0)/2&/07!W>!C"NNVA>!•:30'3(2%'/!)2%5'&7!13+'&!+0)!,$+00/.&!%0!'$/!H44/2! :2/'+,/3(&!,$+.-!35!'$/!]+0%&$!`+&%0>•!]'3#7'560.0$97!_KC"A7!KN_6K"">! Ba[Y! Y+4! #/+1>! C"NNVA>! •Y324$3<+'$*1/'2*! 35! '$/! 9(.5! 35! :+)%;7! ZP! Q'.+0'%,>! #$/! Ba[Y! Y(.'%A>!:%'*>! #+..%087!E>7!Y+&&307!]>7!B(10/27!P>7!+0)!Y+.8/&%0%7!9>!C"N@"A>!•B(<+J(/3(&!&/)%1/0'!)/0&%'*! 5.3=&?!]/43&%'%30+.!423,/&&/&!+0)!)/43&%'!'*4/&>•!]'3#7'560.0$97!_T7!@TIVG"NNI>! #+&%+0+&7!Q>!C"N@NA>!F%3!3#2A#W!#5!6,'!-%./!0/!123#4!@0560%'!3'A08#6#052.!8986'7*!]6%39!0/! 6,'!3#86&#=%6#05a!8@2.'a!8#4'!0/!6,'8'!/'26%&'8!253!6,'!'//'@68!05!86&%@6%&2.!A266'&5!253! 6,#@;5'88!0/!6,'!@0560%'!8'3#7'568!2&0%53!#6)7!W/2%3'!a+''!H0%L/2%&'*>! #+*.327! M>! C@TOVA>! W23#0@2&=05! Q26#5$*! C5! C&@,2'0.0$#@2.! T'&8A'@6#U'7! \2.+0)3?! Q,+)/1%,! E2/&&>! #/22%0$+7!E>7!Y+'%+&7!c>7!U%,/0'/7!h>7!](+2'/7!h>7!c(%&7!h>7!E%0$/%237!c>7!c3(2/0,37!Z>7!]%/;7!B>7!M3&+&7! R>7!Y+8+.$+/&7!U>7!U+.+)+2/&7!U>7!f%'/..%0%7!Z>7!M3J(/7!:>7!U%,'327!c>7!+0)!#/+17!Y>!C"NNTA>!

"_K! ! ! •Y324$3'/,'30%,&! +0)! &'2+%0! 4+2'%'%30%08! +'! '$/! [•!F2'!-'0.0$97!"^VCI6KA7!@_^6@VK>! #9B>! C"NN_A>! •E]NN?! Z306/F,.(&%L/! "]! &(2L/*•>! :%'*?! #9B! \0.%0/! ]+'+! f30/7! 44>! $''4?ll===>'8&034/,>,31l&4/,&$//'&lE]6NN€B4/,>4)5>! #$31)*,2+5'7!U>7!+0)!`/0%'37!9>!C"NN^A>!•#$/!W3.3,/0/!5.(L%+.!,$2303.38*!35!B4+%0?!/L%)/0,/! 5231!+!0/=.*!,314%./)!2+)%3,+2<30!)+'+<+&/>!>•!d%26'&52&9!]@#'5@'!W'U#':87!"_CI6KA7! ""I6"IK>! #32/..%7!c>7!B+2'32%7!M>7!+0)!f%'/..%0%7!Z>!C@TTVA>!•#$/!8%+0'!,$+3'%,!<3)*!%0!'$/!Q'.+0'%,!\,/+0!355! 9%<2+.'+2?!Z/=!2/&(.'&!5231!+!)//4!&/%&1%,!2/5./,'%30!&(2L/*>•!F2'!253!T'6&0.'%7! -'0.0$97!@KC"A7!@"_6@IO>! #3(,+00/7!B>7!Y(.)/27!#>7!B,$305/.)7!h>7!W+0J(%/;7!U>7!930'$%/27!P>7!](42+'7!h>7!:2/1/27!Y>7!+0)! f+2+83&%7!B>!C"NNVA>!•:30'3(2%'/&!35!'$/!9(.5!35!:+)%;?!Q!$%8$62/&3.('%30!2/,32)!35!'$/! 4+./3,%2,(.+'%30! 35! '$/! Y/)%'/22+0/+0! 3('5.3=! =+'/2! )(2%08! '$/! .+&'! _N7NNN! */+2&>•! T2.2'0$'0$&2A,9!T2.2'0@.#7260.0$9!T2.2'0'@0.0$97!"K^C"6KA7!I_K6I^^>! #(,-/27!Y>!C@TT@A>!]'3#7'562&9!A'6&0.0$9*!25!#56&03%@6#05!60!6,'!0&#$#5!0/!8'3#7'562&9!&0@;87! \F532)?!`.+,-=/..!B,%/0,/>! U+%.7! E>7! Q()/1+2)7! R>7! `3=1+07! B>7! P%&0/27! E>7! +0)! E/2/;6:2(;7! :>! C@TT@A>! •#$/! &'2+'%82+4$%,! &%80+'(2/&!35!'/,'30%,&7!/(&'+&*!+0)!&/)%1/0'3.38*!6!+0!3L/2L%/=>•7!%0!9>!P%0&/./7!a>! M%,-/07!+0)!Q>!B/%.+,$/27!C/)&>A7!19@.'8!253!YU'568!#5!]6&26#$&2A,9)!`/2.%0?!B42%08/27!44>! ^@V6^_T>! U+%.7! E>7! Y%',$(17! M>7! +0)! #$314&307! B>! C@TVVA>! •B/%&1%,! &'2+'%82+4$*! +0)! 8.3<+.!,$+08/&! 35! &/+6./L/.>!E+2'!I?!M/.+'%L/!,$+08/&!35!&/+!./L/.!5231!,3+&'+.!30.+4>•7!%0!:>!E+*'307!C/)>A7! ]'#87#@!]6&26#$&2A,9!B!CAA.#@26#058!60!H93&0@2&=05!Y>A.0&26#05)?!QQE97!44>!^I6O">! U+0!M33%b7!]>7![8./&%+&7!h>7!W/20X0)/;6Y3.%0+7!R>7!P2,%..+7!9>7!931/;6`+../&'/23&7!Y>7!:+&+&7!]>7! c.+L/7!P>7!]/!W+(=/2/7!Q>7!9+2,%+69%.7!B>7!Q,3&'+7!h>7!+0)!W/02%/'7!h>6E>!C"N@NA>!•#$/!c/! ]+03%&! :30'3(2%'/! ]/43&%'%30+.! B*&'/1?! [0'/2+,'%30&! •! F2'! -'0.0$97!"VK7!@6"N>! U+0!a+830/27!h>7!E3&+1/0'%/27!W>7!Y%',$(17!M>7!U+%.7!E>7!B+287!h>7!c3('%'7!#>7!+0)!W+2)/0<3.7!h>! C@TOOA>! •Q0! 3L/2L%/=! 35! '$/! 5(0)+1/0'+.&! 35! &/J(/0,/! &'2+'%82+4$*! +0)! -/*! )/5%0%'%30&>•7!%0!:>!a%.8(&7!`>!W+&'%08&7!:>!g/0)+..7!W>!E3&+1/0'%/27!:>!M3&&7!+0)!h>!U+0! a+830/27!C/)&>A7!]'2B.'U'.!@,25$'8*!25!#56'$&26'3!2AA&02@,)?!BPEY!44>!VK6VT>! U+0! a//2%087! #>7! B'3-/27! Y>7! +0)! M/! C"NNOA>! •W%8$6.+'%'()/! ,30'3(2%'/&>•7! %0! Y>! M/!:+1/2./08$%7!C/)&>A7!10560%'8>!]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>! K_V6KOT>! U/8+&7! M>7! Y/)%+.)/+7! #>7! Y(e3;7! Y>7! ]z+;! )/.! Mz37! U>7! +0)! B313;+7! c>! C"NNKA>! •Z+'(2/! +0)! '/,'30%,! &/''%08! 35! '$/! 9(+)+.J(%L%2! `+0-! C9(.5! 35! :+)%;7! Ba! [•! W'U#862!3'!.2!]0@#'323!-'0.q$#@2!3'!Y8A2t2a7!@V7!KT6^N>! U%+0+7!Q>!C"NN@A>!•B/%&1%,!/F42/&&%30!35!&$+..3=6!'3!)//46=+'/2!,30'3(2%'/&!+.308!'$/!&3('$6 /+&'/20!`2+;%.%+0!1+28%0>•!F2'!-'0A,98#@2.!W'8'2&@,'87!""C_6^A7!_NT6_"@>! U%+0+7! Q>! C"NNOA>! •P,3031%,! 2/./L+0,/! 35! ,30'3(2%'/&>•7! %0! Y>! M/! :+1/2./08$%7! C/)&>A7!10560%'8>!]/L/.341/0'&!%0!B/)%1/0'3.38*7!44>!KTI6_@N>! U%+0+7!Q>7!Q.1/%)+!h27!a>7!+0)!Q.1/%)+7!:>!C"NN@A>!•H44/2!&.34/!&+0)&?!.+'/!D(+'/20+2*!&$+..3=6 =+'/2! &+0)*! ,30'3(2%'/&! 35! '$/! :+143&! `+&%07! Ba! Q'.+0'%,! Y+28%0>•7! %0! ]>! B'3=7! :>! E()&/*7!h>!W3=/7!h>6:>!R+(8S2/&7!+0)!Q>!U%+0+7!C/)&>A7!Q''AB:26'&!10560%'!]986'78*! F03'&5! Q&#/68! 253! C5@#'56! ]'&#'8a! ]'#87#@! 253! ]'3#7'562&9! 1,2&2@6'V#@8>! c30)30?! 9/3.38%,+.!B3,%/'*7!44>!"^@6"VN>! U%+0+7!Q>7!+0)!Q.1/%)+!h2>7!a>!C"N@"A>!•g/*!5+,'32&!,30'23..%08!'$/!+44.%,+'%30!35!'$/!,30'3(2%'/! ,30,/4'! 532! ,30L/0'%30+.!+0)! (0,30L/0'%30+.! 2/&/2L3%2&>•eDDD! 105$&'80! -'0.0$#@0! 3'! Y8A252>!:%'*?!9/36#/1+&?!\L%/)37!44>!_K^>! U%+0+7!Q>7!Q.1/%)+!h2>7!a>7!Z(0/&7!Y>7!+0)!`(.$j/&7!P>!C"NNVA>!•#$/!/,3031%,!%1432'+0,/!35! ,30'3(2%'/&•7! %0! Q>! U%+0+! +0)! Y>! M/A7!Y@0507#@! 253! T2.2'0@'250$&2A,#@! ]#$5#/#@25@'!0/!10560%'!Q'A08#68>!c30)30?!9/3.38%,+.!B3,%/'*7!44>!@6"I>!

"__! ! ! U%+0+7! Q>7! R+(8S2/&7! h>7! +0)! B'3=7! ]>! C@TTOA>! •`3''316,(22/0'6,30'23../)! &+0)! )/43&%'&! 6! +! 2/L%/=! 35! 13)/20! &$+..3=6! '3! )//46=+'/2! /0L%2301/0'&>•! ]'3#7'562&9! -'0.0$97! @@_C@6KA7!_I6ON>! U%+0+7! Q>7! W/2,3&7! :>7! a]h27! Q>7! Y+8+.$†/&7! h>7! +0)! Q0)2+)/7! B>! C"NN"A>! •PL%)/0,/! 35! <3''31! ,(22/0'! %05.(/0,/! 30! '$/! Z/38/0/! '3! D(+'/20+2*! &/)%1/0'+'%30! +.308! '$/! 032'$/20! :+143&!B.34/7!Ba!Q'.+0'%,!Y+28%0•7!%0!]>!B'3=7!:>!E()&/*7!h>!W3=/7!h>6:>!R+(8S2/&7!+0)! Q>! U%+0+7! C/)&>A7! Q''AB:26'&! @0560%'! 8986'78*! 703'&5! 3&#/68! 253! 25@#'56! 8'&#'8a! 8'#87#@! 253! 8'3#7'562&9! @,2&2@6'V#@8>! c30)30?!9/3.38%,+.! B3,%/'*7! Y/13%2&7! 44>! "KT6"_T>! U%+0+7! Q>7! +0)! M/! C"NNVA>! Y@0507#@! 253! T2.2'0@'250$&2A,#@! ]#$5#/#@25@'! 0/! 10560%'!Q'A08#687!c30)30?!9/3.38%,+.!B3,%/'*>! U%3.+0'/7!M>7!E+'/2.%0%7!:>7!:3&'+7![>7!W/20X0)/;6Y3.%0+7!R>7!B/83L%+7!c>7!:+L+..3''37!h>7!Y+2,3.%0%7! B>7! `3;;+037! 9>7! c+42%)+7! :>7! :$+432%7! Z>7! `%,-/2'7! #>7! +0)! B4%/‡7! U>! C"N@NA>! •B%&13/&'2+'%82+5%+! *! /L3.(,%d0! 8/313253.d8%,+! )/.! '+.()! ,30'%0/0'+.! +)*+,/0'/! +.! .%'32+.!)/.!/&'/!<30+/2/0&/7!Q28/0'%0+>•!Z26#5!C7'&#@25!l0%&52.!0/!]'3#7'560.0$9!253! M28#5!C52.98#8)7!@V7!II>! U%&$/27!9>!C@T^TA>!•92+%0!&%;/!)%&'2%<('%30&!+0)!)/43&%'%30+.!423,/&&/&>•!l0%&52.!0/!]'3#7'562&9! T'6&0.0$97!IT7!@NVK6@@N^>! U3/.-/27! Q>7! c/<2/%237! B>7! B,$s05/.)7! h>7! :+,$37! [>7! P2./0-/(&/27! W>7! +0)! Q<2+<'/&7! R>! C"NN^A>! •Y/)%'/22+0/+0! 3('5.3=! &'2/08'$/0%08! )(2%08! 032'$/20! $/1%&4$/2/! ,33.%08&?! Q! &+.'! &3(2,/!532!'$/!8.+,%+.!Q'.+0'%,~•!Y2&6,!253!T.25'62&9!]@#'5@'!Z'66'&87!"K_7!IT6__>! a+.-/27!Y>!C"NN_A>!d%26'&52&9!Q26#5$!F'6,0387!:$%,$/&'/2?!h3$0!a%./*!+0)!B30&!c')>! a+.-/27!M>7!+0)!h+1/&7!Z>!C@TT"A>!•R+,%/&7!13)/.&?!2/&430&/!'3!&/+6./L/.!,$+08/>•7!%0!M>!a+.-/2! +0)!Z>!h+1/&7!C/)&>A7!"2@#'8!F03'.8*!W'8A058'!60!]'2BZ'U'.!1,25$')!:+.8+2*?!9/3.38%,+.! B3,%/'*!35!:+0+)+7!44>!@6@K>! a/+L/27! E>7! a*007! M>7! g/0*307! Z>7! +0)! PL+0&7! h>! C"NNNA>! •:30'%0/0'+.! 1+28%0! &/)%1/0'+'%307! =%'$!&4/,%+.!2/5/2/0,/!'3!'$/!032'$6/+&'!Q'.+0'%,!1+28%0>•!]'3#7'560.0$97!KV7!"IT6"_^>! a/$+(&/07! M>7! +0)! `2(1&+,-7! W>6h>! C@TTTA>! •:*,.%,! L+2%+'%30&! %0! '$/! ,$/1%,+.! ,3143&%'%30! 35! /+&'/20! Y/)%'/22+0/+0! E.%3,/0/! &/)%1/0'&?! +! -/*! 532! (0)/2&'+0)%08! &+4234/.! 5321+'%30>•!F2'!-'0.0$97!@_I7!@^@6@V^>! a/%1/27! E>7! +0)! B.+''7! M>! C"NNKA>! T'6&0.'%7! ]986'78! 0/! Q''A:26'&! ]'66#5$8?! B3,%/'*! 35! PF4.32+'%30!9/34$*&%,%&'&!+0)!P(234/+0!Q&&3,%+'%30!35!9/3&,%/0'%&'&!+0)!P08%0//2&>! a/.'b/7! 9>7! +0)! #b+..%08%%7! M>! C"NNOA>! •:+.%<2+'%30! 35! pMR! ,32/! &,+00/2&! 532! J(+0'%'+'%L/! 8/3,$/1%,+.!.388%08!35!&/)%1/0'!,32/&?!#$/32*!+0)!+44.%,+'%30>•!Y2&6,!253!T.25'62&9! ]@#'5@'!Z'66'&87!"VK7!K"I6KIO>! a/0'=32'$7! :>! C@T""A>! •Q! &,+./! 35! 82+)/! +0)! ,.+&&! '/21&! 532! ,.+&'%,! &/)%1/0'&>•! l0%&52.! 0/! -'0.0$97!IN7!IVV6IT">! a/';/.7! Q>! C@TT@A>! •P,3.38%,+.! %0'/242/'+'%30! 35! )//46&/+! '2+,/! 53&&%.! ,311(0%'%/&>•! T2.2'0$'0$&2A,9a!T2.2'0@.#7260.0$9a!T2.2'0'@0.0$97!O_7!KV6^T>! a/';/.7!Q>7!a/20/27!R>7!+0)!]QU7!B>!C"NNOA>!•`%3'(2<+'%30!+0)!<%38/0%,!&/)%1/0'+2*!&'2(,'(2/&! %0!,30'3(2%'/&>•7!%0!Y>!M/!:+1/2./08$%7!C/)&>A7!10560%'8)?!]/L/.341/0'&! %0!B/)%1/0'3.38*7!44>!@OI6"N">! a$//./27!Q>7!g3;+,$/0-37!Y>7!`/*/27!Q>7!R3(7!W(L/00/7!U>7!g.+8/&7!Y>7!Y+&&307!]>7!\.(6 c/!M3*7!g>7!+0)!#$%/)/7!h>!C"NN_A>!•B/)%1/0'+2*!423,/&&/&!+0)!,+2<30+'/!13(0)&!%0!'$/! `/.8%,+! 13(0)! 423L%0,/7! E32,(4%0/! B/+<%8$'7! ZP! Q'.+0'%,>•7! %0! Q>! R2/%=+.)! +0)! h>! M3A7! 10.3B:26'&! @0&2.8! 253! '@08986'78)! W/%)/.! _V@6^NI>! i+2%0,%-7!g>7!Y(22+*7!M>7!c*30&7!#>7!E/'/2&307!c>7!+0)!W+(87!9>!C"NNNA>!•\F*8/0+'%30!$%&'32*!35! <3''31!=+'/2&!%0!'$/!:+2%+,3!`+&%07!U/0/;(/.+7!3L/2!'$/!4+&'!_VO7NNN!*/+2&?!M/&(.'&! 5231!2/)3F6&/0&%'%L/!1/'+.&!CY37!U7!Y07!+0)!R/A>•!T2.'0@'250$&2A,97!@_7!_TI6^NK>! i3(<%07! W>7! h%0F%3087! c>7! p%+08)3087! c>7! f$/0;$3087! 9>7! +0)! f$+07! a>! C"N@@A>! •PL%)/0,/! 35! %0'/20+.!=+L/!+0)!%0'/20+.6'%)/!)/43&%'&!%0!'$/!Y%))./!\2)3L%,%+0!p(b%+b(+0!R321+'%30! 35!'$/!p%+08&$+0!923(47!Z%08F%+7!:$%0+>•!-'0BF2'!Z'66'&87!I@7!_NT6_"I>!

"_^! ! ! i3(<%07!W>7!f$/08;$3087!9>7!h%0F%3087!c>7!B$(0&$/7!c>7!+0)!p(/5/087!c>!C"NNOA>!•:$+2+,'/2%&'%,&!35! %0'/20+.6=+L/!+0)!%0'/20+.6'%)/!)/43&%'&!+0)!'$/%2!$*)23,+2<30!43'/0'%+.>•!T'6&0.'%7! ]@#'5@'7!"NNO7!IV6KK>! f/0-7! a>! C@TVNA>! •\0! '$/! '/14/2+'(2/! +0)! &+.%0%'*! &'2(,'(2/! 35! Y/)%'/22+0/+06a+'/2! %0! 032'$/+&'6Q'.+0'%,>•!Q''AB]'2!W'8'2&@,7!@VCIA7!^"VG^IN>! f/0-7!a>!C@TV_A>!•\0!'$/!Y/)%'/22+0/+0!3('5.3=!=/&'!35!9%<2+.'+2>•!F'6'0&!"0&8@,%5$8'&$'=7! @^7!"I6IK>! f$/08;$3087! 9>7! +0)! P2%-&&307! g>! C@TTOA>! Q''AB:26'&! +&2@6#05! 1%&&'56! Q'A08#68! B! C! ]6%39! 0/! D56'&52.! +#3'8a! D56'&52.! E2U'8a! 10560%&! 1%&&'568! 253! +,'#&! Q'A08#68a)! `/b%08?!B,%/0,/! E2/&&>! f$/0;$3087! 9>7! +0)! P2%-&&307! g>! C@TTOA>! •[0'/20+.! '%)/&7! %0'/20+.! =+L/&! +0)! '$/%2! )/43&%'&! %0! 13)/20!3,/+0&•7!%0!9>!f$/0;$3087!g>!P2%-&&307!W>!i3(<%07!c>!B$(0&$/7!+0)!9>!h%+0$(+7! C/)&>A7!Q''AB:26'&!+&2@6#05!1%&&'56!Q'A08#68!E!C!86%39!0/!#56'&52.!6#3'8a!#56'&52.!:2U'8a! @0560%&!@%&&'568!253!6,'#&!3'A08#68)!>!`/%b%08?!B,%/0,/!E2/&&7!44>!@6"K>! f%'/..%0%7!Z>7!92+,%+7!P>7!Y+'%+&7!c>7!#/22%0$+7!E>7!Q<2/(7!Y>7!]/Q.'/2%%&7!9>7!W/02%/'7!h>7!]+037!Y+&&307!]>7!Y(.)/27!#>7!M+1/..+7!M>7!B313;+7!c>7!+0)!]%/;7!B>!C"NNTA>!•#$/!J(/&'!532! '$/!Q52%,+6P(2+&%+!4.+'/!<3(0)+2*!=/&'!35!'$/!B'2+%'!35!9%<2+.'+2>•!Y2&6,!253!T.25'62&9! ]@#'5@'!Z'66'&87!"ONC@6KA7!@I6_N>!

!

!

"_V! !