Loyola University Chicago Loyola eCommons
Dissertations Theses and Dissertations
2013
Kant's Change of Heart: Radical Evil and Moral Transformation
Christina Drogalis Loyola University Chicago
Follow this and additional works at: https://ecommons.luc.edu/luc_diss
Part of the Ethics and Political Philosophy Commons
Recommended Citation Drogalis, Christina, "Kant's Change of Heart: Radical Evil and Moral Transformation" (2013). Dissertations. 512. https://ecommons.luc.edu/luc_diss/512
This Dissertation is brought to you for free and open access by the Theses and Dissertations at Loyola eCommons. It has been accepted for inclusion in Dissertations by an authorized administrator of Loyola eCommons. For more information, please contact [email protected].
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License. Copyright © 2013 Christina Drogalis !"#"!$%&'()*+,(-#%./(.$0"
1$'-2,%./$'0*%"3%/*$+-4%+$5(.$!%*)(!%$'5%6"+$!%-+$',3"+6$-("'
$%5(,,*+-$-("'%,&76(--*5%-"
-/*%3$.&!-#%"3%-/*%0+$5&$-*%,./""!
('%.$'5(5$.#%3"+%-/*%5*0+**%"3
5".-"+%"3%8/(!","8/#
8+"0+$6%('%8/(!","8/#
7#
./+(,-('$%5+"0$!(,
./(.$0"9%(!!('"(,
6$#%:;<= .>?@ABCDE%F@%.DABGEBHI%5A>CIJBG9%:;<= $JJ%ABCDEG%AKGKALKMN $.1'"O!*506*'-,
(%P>QJM%JBRK%E>%EDIHR%EDK%SIH@%?K>?JK%PD>%SIMK%PABEBHC%EDBG%MBGGKAEIEB>H%?>GGBFJKN%
3BAGE9%EDIHR%@>Q%E>%EDK%MBAKTE>A%>U%S@%MBGGKAEIEB>H9%5AN%)BTE>ABI%OBRK9%PD>GK%
KHT>QAICKSKHE9%TJKIA%IHM%DKJ?UQJ%BHGBCDEG9%IHM%QHKHMBHC%PBJJBHCHKGG%E>%AKIM%TDI?EKA%
MAIUEG%H>E%>HJ@%DKJ?KM%SK%E>%MBGT>LKA%EDK%IACQSKHE%EDIE%(%PIHEKM%E>%SIRK%FQE%EIQCDE%SK%
D>P%E>%I??A>ITD%I%?A>VKTE%GQTD%IG%EDBGN%$%G?KTBIJ%EDIHR%@>Q%E>%EDK%AKGE%>U%S@%T>SSBEEKK4%
-DIHR%@>Q%E>%5AN%$HMAKP%.QEA>UKJJ>%U>A%@>QA%GQ??>AE%EDA>QCD>QE%CAIMQIEK%GTD>>J%IHM%
@>QA%CKHKA>GBE@%PBED%@>QA%EBSK%IHM%EIJKHEN%-DIHR%@>Q%E>%5AN%/QCD%6BJJKA9%U>A%@>QA%BHEKAKGE%
BH%EDBG%?A>VKTE%IHM%@>QA%DKJ?UQJ%BHGBCDEGN%-DIHR%@>Q%E>%5AN%1@JI%*FKJGW5QCCIH%U>A%@>QA%
PBJJBHCHKGG%E>%EIJR%IF>QE%S@%P>AR%IHM%IF>QE%?DBJ>G>?D@%BH%CKHKAIJN%#>QA%I??A>ITD%E>%
?DBJ>G>?D@%DIG%SIMK%SK%EDBHR%BH%HKP%PI@G%IF>QE%S@%P>ARN
-DIHRG%IJG>%E>%HQSKA>QG%>EDKA%?K>?JK%PD>%DILK%G>%CKHKA>QGJ@%DKJ?KM%SK%CKE%E>%EDBG%
?>BHEN%-DIHRG%E>%5AN%-D>SIG%.IAG>H9%U>A%@>QA%CQBMIHTK%IHM%GQ??>AE%GBHTK%S@%UBAGE%MI@%>U%
CAIMQIEK%GTD>>JN%-DIHRG%IJG>%E>%5AGN%/IHHK%XIT>FG%IHM%XITYQKJBHK%,T>EEN%#>Q%F>ED%DILK%
FKKH%G>%PBJJBHC%E>%?A>LBMK%SK%PBED%CQBMIHTK%PDKH%(2LK%HKKMKM%BE%S>GEN%-DIHR%@>Q%E>%
8DBJJB?%1AIUE9%U>A%DBG%IGGBGEIHTK%>H%S@%AKGKIATD%IHM%U>ASIEEBHCN%-DIHRG%E>%5AGN%+BTDIAM%
1J>H>GRB%IHM%OBJJBIS%+>PK9%PBED>QE%PD>S%(%P>QJM%JBRKJ@%H>E%DILK%U>QHM%S@%J>LK%>U%
?DBJ>G>?D@%IHM%>U%EKITDBHC%IHM%?QAGQKM%EDBG%TIAKKAN
(%>PK%G>%SQTD%E>%S@%UISBJ@9%PD>%DILK%FKKH%I%T>HGBGEKHE%G>QATK%>U%GQ??>AEN%-DIHR%
@>Q%E>%S@%S>EDKA9%-KAKGI9%PD>%BG%AKG?>HGBFJK%U>A%G>%SQTD%>U%S@%GQTTKGG9%U>A%BHGEBJJBHC
BBB BH%SK%EDK%BS?>AEIHTK%>U%KMQTIEB>H%IHM%>U%DIAM%P>ARN%-DIHRG%IJG>%E>%S@%UIEDKA9%XKM9%PD>%
DIG%IJPI@G%FKKH%S@%FBCCKGE%TDKKAJKIMKA%BH%PDIEKLKA%(2S%?QAGQBHCN%-DIHRG%E>%S@%GBFJBHCG9%
5BIHI9%XISKG9%IHM%6BTDIKJN%(%IS%G>%JQTR@%E>%FK%@>QA%GBGEKA%IHM%E>%FK%IFJK%E>%AKJ@%>H%IJJ%>U%
@>QN
$HM%EDIHRG%E>%EDK%SIH@%UABKHMG%PD>%DILK%GQ??>AEKM%SK%EDA>QCD%EDK%?A>TKGG%>U%
PABEBHCN%.IAJ>9%EDIHR%@>Q%U>A%>QA%SIH@%T>UUKK%GEQM@%SKKEBHCG9%@>QA%?K?%EIJRG9%IHM%@>QA%
?IEBKHTK%BH%JBGEKHBHC%E>%IJJ%S@%BMKIG%IHM%?A>FJKSGN%$HM@9%EDIHR%@>Q%U>A%FKBHC%S@%UBAGE%
CAIMQIEK%GTD>>J%UABKHM%IHM%U>A%IJPI@G%AKSBHMBHC%SK%IF>QE%EDK%FBCCKA%?BTEQAKN%'IEIJBK9%
EDIHR%@>Q%U>A%FKBHC%S@%KSIBJ%ZIHM%AKIJ[%UABKHM%EDA>QCD%I%?IAEBTQJIAJ@%J>HC%GQSSKA%>U%
PABEBHCN%(2S%G>%JQTR@%E>%DILK%@>QA%KHT>QAICKSKHE%IHM%UABKHMGDB?N
3BHIJJ@9%EDIHRG%E>%5AKP9%U>A%@>QA%?ABMK%BH%S@%P>AR9%@>QA%PBJJBHCHKGG%E>%M>%
IH@EDBHC%BH%>AMKA%E>%SIRK%SK%JIQCD9%IHM%U>A%@>QA%QHUIBJBHC%T>HUBMKHTK%EDIE%(2JJ%IJPI@G%
ITDBKLK%PDIE%(%GKE%>QE%E>%M>N
BL ->%S@%CAIHMUIEDKA9%!KPBG%*N%X>GK?D -$7!*%"3%."'-*'-,
$.1'"O!*506*'-, %%%%%%%%%%BBB
('-+"5&.-("' <
./$8-*+%"'*4%-/*%('-+"5&.-("'%"3%+$5(.$!%*)(!%('%1$'-2,%6"+$!%%%%% %%%8/(!","8/# \ %%%(HEA>MQTEB>H \ %%%-DK%!"#$%$&'%5>KG%'>E%.>DKAK%PBED%EDK%+KGE%>U%1IHE2G%.>A?QG ] %%%%%%-DK%+KITEB>H%>U%1IHE2G%.>HEKS?>AIABKG ] %%%%%%.>HEBHQBHC%+KGBGEIHTK%BH%EDK%,KT>HMIA@%!BEKAIEQAK %%%%%%%%%%<< %%%1IHE2G%5BGTQGGB>H%>U%+IMBTIJ%*LBJ4%-DK%.>HEKHE %%%%%%%%%% %%%%%%%%%%<^ %%%%%%$%5KUBHBEB>H%>U%+IMBTIJ%*LBJ %%%%%%%%%%<\ %%%%%%+IMBTIJ%*LBJ%IG%I%3AKK%.D>BTK %%%%%%%%%%:: %%%%%%+IMBTIJ%*LBJ%IG%(HHIEK%IHM%&HBLKAGIJ %%%%%%%%%%:=% %%%%%%%%%(HHIEKHKGG%BH%/QSIH%'IEQAK %%%%%%%%%%:\% %%%%%%%%%8A>>U%>U%EDK%&HBLKAGIJBE@%>U%+IMBTIJ%*LBJ =_ %%%%%%-DK%8>GGBFBJBE@%>U%7KT>SBHC%6>AIJJ@%0>>M _; %%%1IHE2G%.JIBS4%(EG%.>HHKTEB>HG%E>%/BG%*IAJBKA%6>AIJ%8DBJ>G>?D@ %%%%%%%%%%_: %%%.>HTJQGB>H %%%%%%%%% %%%%%%%%%%^:
./$8-*+%-O"4%-/*%!()*+*,-.,%+"!*%('%-/*%5*)*!"86*'-%"3%1$'-2,% %%%-/*"+#%"3%6"+$!%(68+")*6*'- %%%%%%%%%%^= %%%(HEA>MQTEB>H %%%%%%%%%% %%%%%%%%%%^= %%%5BUUKAKHTK%FKEPKKH%EDK%-P>%5>TEABHKG%>U%6KED>M %%%%%%%%%%^^ %%%%%%-DK%&GK%>U%*`IS?JKG%BH%6>AIJ%*MQTIEB>H %%%%%%%%%%^a %%%%%%,BHCQJIA%.D>BTKG%LKAGQG%0AIMQIJ%8A>CAKGG %%%%%%%%%%\^ %%%*`?JIBHBHC%EDK%5BUUKAKHTK4%-DK%+IMBTIJ%*LBJ%.JIBS %%%%%%%%%%\a %%%%%%8IAIJJKJG%FKEPKKH%EDK%!"#$%$&'/IHM%EDK%0"123456$76/&8/0&92#6 ////////// //////////b< ///'KP%$G?KTEG%>U%6>AIJ%5KLKJ>?SKHE%BH%EDK%!"#$%$&' //////////ba //////1H>PBHC%ODIE%(E%6KIHG%E>%FK%6>AIJJ@%0>>M %%%%%%%%%%%%% %%%%%%%%%%a; %%%%%%&HMKAGEIHMBHC%EDK%"LKAT>SBHC%IG%8>GGBFJK%U>A%&G%E>%$TT>S?JBGD %%%%%%%%%%a= %%%.>HTJQGB>H %%%%%%%%%% %%%%%%%%%%ab
./$8-*+%-/+**4%O/*-/*+%-/*%")*+."6('0%"3%+$5(.$!%*)(!%(,%$% %%%6"+$!%8",,(7(!(-# %%%%%%%%%%aa %%%(HEA>MQTEB>H %%%%%%%%% %%%%%%%%%%aa %%%-DK%6>SKHEG%>U%.DIHCK%BH%EDK%"LKAT>SBHC%+IMBTIJ%*LBJ %%%%%%%%%%]_ %%%%%%-DK%+"6$'':'%/.D>BTK %%%%%%%% %%%%%%%%<;: %%%%%%-DK%6>AIJ%+KFBAED %%%%%%%%<;= %%%%%%-DK%.I?ITBE@%E>%(S?A>LK%EDK%6>AIJ%O>AED%>U%8IAEBTQJIA%$TEB>HG %%%%%%%%<<: %%%&HMKAGEIHMBHC%-DKGK%6>SKHEG%>U%.DIHCK%IG%8>GGBFJK %%%%%%%%<<^ %%%%%%&HMKAGEIHMBHC%EDK%8>GGBFBJBE@%>U%EDK%+"6$'':'%%.D>BTK %%%%%%%% %%%%%%%%<<\ %%%%%%&HMKAGEIHMBHC%EDK%.I?ITBE@%E>%(S?A>LK%EDK%6>AIJ%O>AED%>U%"QA%$TEB>HG %%%%%%%%<:=
LB %%%%%%-DK%*?BGEKS>J>CBTIJ%8A>FJKS%>U%&HMKAGEIHMBHC%EDK%8>GGBFBJBE@%>U%EDK%6>AIJ%%%%%%%%% %%%%%%%%%+KFBAED %%%%%%%%<:a %%%%%%&HMKAGEIHMBHC%EDK%.>HMBEB>HG%U>A%EDK%8>GGBFBJBE@%>U%EDK%6>AIJ%+KFBAED4%$%6IEEKA %%%%%%%%%>U%7KJBKU %%%%%%%%<:] %%%%%%%%%$%+KLBKP4%-DK%'KKM%U>A%6>AIJ%7KJBKU%IHM%/>?K %%%%%%%%<=; %%%%%%%%%-DK%+>JK%>U%6>AIJ%7KJBKU%BH%EDK%.IGK%>U%EDK%6>AIJ%+KFBAED %%%%%%%% %%%%%%%%<=^ %%%(G%5BLBHK%$BM%EDK%"HJ@%(MKI%EDIE%.IH%XQGEBU@%6>AIJ%/>?Kc %%%%%%%%<_: %%%%%%5>KG%1IHE%-DBHR%EDIE%7KJBKU%BH%5BLBHK%$BM%BG%EDK%"HJ@%,>JQEB>Hc %%%%%%%%<_= %%%%%%-DK%8>GGBFBJBE@%>U%$H>EDKA%(MKI%5>BHC%EDK%,ISK%O>AR %%%%%%%%<_a %%%.>HTJQGB>H %%%%%%%%<^<
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email protected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email protected])/BF/5*C6>*./-H6./*+C/?63/3B.,16B+/1B/ BH-5>B)6+A/61/15*+3FB5)3/?63/-*5.6-5/*>>B,+1/BF/)B5*./C-H-.B=)-+1;/6+3BF*5/*3/61/ 6+15BC,>-3/+-4/[email protected])3/*+C/+-4/)-1?BC3/BF/@->B)6+A/)B5*.. !1/63/)1/46../+B1/B+.>,5*1-/*+C/>B)=.-1-/ ,+C-531*+C6+A/BF/0*+123/*>>B,+1/BF/)B5*./C-H-.B=)-+1/@,1/1?*1/61/46../*.3B/?-.=/1B/5-3B.H-/ 3B)-/B,131*+C6+A/*5-*3/BF/>B+1-+16B+/6+/1?-/3->B+C*5 BF/5*C6>*./-H6.D/#?-5-/63/A5-*1/C-@*1-/5-A*5C6+A/?B4/61/63/[email protected]/1B/BH-5>B)-/5*C6>*./-H6./ *+C/4?*1/1?63/BH-5>B)6+A/),31/-+1*6.D/E->*,3-/BF/1?63;/!/46../3=-+C/)B5-/1?*+/?*.F/BF/) =5BJ->1/C-1*6.6+A/1?-/3B513/BF/>?*+A-3/1?*1/*/5*C6>*.. 6+H-316A*16+A/?B4/4-/>*+/,+C-531*+C/1?-3-/>?*+A-3/1B/@-/[email protected]/FB5/?,)*+3/1B/ *>>B)=.63?D/!+/CB6+A/3B;/!/46../*CC5-33/14B/)*JB5/*5-*3/BF/C-@*1-P/Q7R/4?-1?-5/?,)*+3/ ?*H-/1?-/>*=*>61B)-/5*C6>*./-H6./B+/1?-65/B4+;/5*1?-5/1?*+/5-S,656+A/1?-/ *33631*+>-/BF/*+/[email protected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email protected]/FB5/*/?,)*+/1B/F5--.>?BB3-/)B5*./-H6.D/%+/1?-3-/A5B,+C3;/!/ 46../*5A,-/1?*1/4-/?*H-/5-*3B+/1B/,+C-531*+C/1?-/!"#$%$&'(*3/>B?-5-+1/461?/1?-/5-31/BF/ 0*+123/=?6.B3B=?.*6)3/6+/61/1B/-+?*+>-/B,5/,+C-531*+C6+A/ BF/B1?-5/=*513/BF/?63/=?6.B3B=? !+/(?*=1-5/#4B;/!/46../*5A,-/1?*1/1?-5-/63/*+B1?-5;/.*5A-. !"#$%$&'(>*+/?-.=/,3/1B/,+C-531*+C/0*+123/)B5*./=?6.B3B=?<;/6+/=*516>,.*5D/!+/3?B51;/!/46../ *5A,-/1?*1/0*+123/6+15BC,>16B+/BF/1?-/[email protected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email protected])/BF/*+C/3B.,16B+/1B/5*C6>*./-H6./6+/1?-/!"#$%$&'=(#?,3;/!/1*G-/1?-/=B3616B+/1?*1;/6+/ B5C-5/1B/*11*6+/*+/*>>,5*1-/*+C/F,../,+C-531*+C6+A/BF/0*+123/*>>B,+1/BF/)B5*./ C-H-.B=)-+1;/4-/),31/,16.6V-/0*+123/>.*6)3/F5B)/1?-/!"#$%$&'(6+/B,5/6+1-5=5-1*16B+3D !+/(?*=1-5/#?5--;/!/C-1*6./4?*1/3B513/BF/>?*+A-3/*5-/+->-33*5 ,+C-5AB/6+/B5C-5/1B/BH-5>B)-/5*C6>*./-H6./*+C/-K=.B5-/?B4/4-/>*+/,+C-531*+C/1?-3-/ >?*+A-3/1B/@-/[email protected]/FB5/?,)*+3/1B/*>>B)=.63?D/!1/63/-33-+16*./1B/=5BH6C-/*+/*>>B,+1/BF/ 1?-/[email protected]?*+A-3/FB5/14B/5-*3B+3D/W6531;/0*+1/*5A,-3/1?*1/6F/4-/CB/+B1/ ,+C-531*+C/?B4/61/[email protected]/1B/BH-5>B)-/5*C6>*./-H6.;//1?-+/4-/5,+/1?-/563G/BF/F*..6+A/6+1B/ C-3=*65/*+C/@-6+A/,+*@.-/1B/)B5*..B+C;/*3/+B1-C/*@BH-;/!/463?/1B/>.*6)/ 1?*1/1?-/BH-5>B)6+A/BF/5*C6>*./-H6./63/*/FB,+C*16B+*./*+C/C6316+>1/31*A-/BF/)B5*./ 6)=5BH-)-+1D/'+.-33/4-/>*+/-K=.*6+/?B4/1?63/BH-5>B)6+A/63/[email protected]/FB5/?,)*+3/1B/ *>?6-H-;/4-/>*++B1/6+>.,C-/1?63/31*A-/6+/*+/*>>B,+1/BF/)B5*./C-H-.B=)-+1/461?B,1/ >B+15*C6>16+A/0*+123/>.*6)/1?*1/4?*1-H-5/6)=5BH-)-+13/?,)*+3/),31/)*G-/6+/B5C-5/1B/ @->B)-/)B5*..>B)=.63?D !+/=5BH6C6+A/*+/*>>B,+1/BF/?B4/?,)*+3/>*+/>B)-/1B/,+C-531*+C/1?-/[email protected] BH-5>B)6+A/5*C6>*./-H6.;/!/46../-+1-5/6+1B/*+/-K6316+A/C-@*1-/6+/1?-/3->B+C*5 5-A*5C6+A/4?-1?-5/?,)*+3/>*+/BH-5>B)-/5*C6>*./-H6./B+/1?-65/B4+/B5/4?-1?-5/1?- 5-S,65-/1?-/*33631*+>-/BF/*+/[email protected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`(Y!>9H8=9B9N(;78(a:;;P8(>O( ;78(^>>F(:N:B9L;(;78(&SBP($=B9HBMP8(O>=(,>JB9B>9(>S8=(;78("GJ:9(a8B9NI`(Y%78(0BH;>=K(>O(;78(^>>F( $=B9HBMP8(>S8=(;78(&SBP($=B9HBMP8I(:9F(;78(.>G9FB9N(>O(:(1B9NF>J(>O(^>F(B9(&:=;7I`(:9F(Y)O('8PBNB>9( :9F($=B8L;H=:O;I`(:9F(:(M=8O:H8T(67BP8(;78(P:;;8=(;<>(8LL:KL(<8=8(98(8LL:KL( ;>(:(H89L>=(O>=(:MM=>S:P(;>(MGRPBL7(;78J(B9(.8R=G:=K(:9F(bG98(>O(ACDUI(=8LM8H;BS8PKT(67BP8(;78(OB=L;( 8LL:K(<:L(M8=JB;;8F(;>(R8(MGRPBL78F(R8H:GL8(;78(H89L>=(;>>V(B;(;>(R8(:FF=8LLB9N(M7BP>L>M78=LI(=:;78=( ;7:9(;78(MGRPBHI(;78(L8H>9F(<:L(=8]8H;8F(R8H:GL8(B;(<:L(H>9LBF8=8F(;78>P>NBH:P(:9F(9>;(LGB;:RP8(O>=(;78( MGRPBH(R8H:GL8(>O(B;L(H>9;=>S8=LB:P(9:;G=8(B9(LGNN8L;B9N(=8PBNB>GL(O=88F>JT(?388(4:9O=8F(1G879I(>/'*?( @(,$&%0/A+B(?!:JR=BFN8Q(!:JR=BFN8(-9BS8=LB;K($=8LLI(UccA@I(X\X(d(C_T@ X 388(1:=P(a:=;7I(C0&*"1*/'*(D+&-%+*(20&E(!&-11"/-(*&(!$*1F+#:(;=:9LT(a=B:9(!>e89LT(?*8<(5>=VQ(3BJ>9( :9F(3H7GL;8=IAD\D@I(AC\T \ C (BF8:PL(>O(;78(&9PBN7;89J89;`(:9F(FG=B9N(>G=(><9(;BJ8(R8H:GL8(>O((Y;78(:MM:=89;( J8;:M7KLBH:P(8WH8LL8L(>O(1:9;fL(:HH>G9;I(M:=;BHGP:=PK(;78(BF8:(>O(:(;BJ8P8LL(H7>BH8(>O( FBLM>LB;B>9I(:9F(M:=;PK(O=>J(;78(8;7BH:P(=BN>=BLJ(G9F8=PKB9N(7BL(:9:PKLBLI(<7BH7(L88JL( >OO89LBS8(;>(J>F8=9(L89LBRBPB;B8LT`E(#L(:(=8LGP;(>O(;78(L7>HVB9N(9:;G=8(>O(;78(B9;=>FGH;B>9( >O(=:FBH:P(8SBPI(;7B9V8=L(R>;7(H>9;8JM>=:=K(;>(1:9;(:9F(B9(>G=(><9(;BJ8I(<7>J(+( B9;=>FGH8(B9(<7:;(O>PP> J>=:P(M7BP>L>M7KT(4>=8(LM8HBOBH:PPKI(;78K(gG8L;B>9(<78;78=(1:9;(B9;=>FGH8L(LGH7(:( H>9H8M;(O>=(9>9hM7BP>L>M7BH:P(=8:L>9LI(LGH7(:L(G998H8LL:=BPK(B9L8=;B9N(;78>P>NK(B9;>(7BL( M7BP>L>M7K(B9(>=F8=(;>(N:B9(!7=BL;B:9(=8:F8=L(>=(B9(>=F8=(;>(:MM8:L8($=GLLB:9(H89L>=LT[( ,G8(;>(;78L8(H=B;BHBLJLI(;78=8(7:L(;=:FB;B>9:PPK(R889(PB;;P8(H>9L89LGL(=8N:=FB9N(<7K(1:9;( <>GPF(B9;=>FGH8(LGH7(:(H>9H8M;(B9;>(7BL(<=B;B9NLT +;( ;78(J:]>=(<:KL(;7:;(;78(B9;=>FGH;B>9(>O(=:FBH:P(8SBP(78PML(;>(8WMP:B9(:9F(HP:=BOK(M>=;B>9L( >O(1:9;2L(M=B>=(J>=:P(M7BP>L>M7KT\($=B>=(;>(;78(!"#$%$&':(1:9;(H>GPF(98B;78=(8WMP:B9(7><(B;( <:L(M>LLBRP8(O>=(7GJ:9L(;>(O=88PK(H7>>L8(:9(8SBP(J:WBJ(9>=(H>GPF(78(:F8gG:;8PK(P>H:;8( ;78(L>G=H8(>O(8SBP(B9(7GJ:9LT(+;(<:L(>9PK(9(B9;>(;78(J>=:P(L;:;GL(>O( 7GJ:9(9:;G=8(:9F(7BL(H>9HPGLB>9(=8N:=FB9N(=:FBH:P(8SBPI(R>;7(>O(<7BH7(:MM8:=(B9(;78( !"#$%$&':(;7:;(78(H>GPF(]GL;BOK(:9F(HP:=BOK(;78L8(HP:BJL(J:F8(B9(7BL(8:=PB8=(M=:H;BH:P(<>=VLT( %78(!"#$%$&'(:9F(7BL(HP:BJ(:R>G;(;78(G9BS8=L:PB;K(>O(=:FBH:P(8SBP(:=8(;78=8O>=8(O:=(O=>J( E "89=K(&T(#PPBL>9I(Y)9(;78(08=K(+F8:(>O(:($=>M89LB;K(;>(&SBPI`(D+"(G&-0'/#(&2(9/#-"(H'I-$0B(X\(?UccU@Q( XXCT [ .>=(:(=8SB8<(>O(;7B9V8=L(<7>(7:S8(78PF(;7BL(M>LB;B>9I(L88(&JBP(/T(.:HV8978BJI(Y1:9;(:9F(':FBH:P(&SBPI`( J'$K"01$*B(&2(D&0&'*&(L-/0*"0#B(UX(?AD[E@T \ 67BP8(+( :=8(:9(8LL89;B:P(M:=;(>O(7BL(8;7BH:P(M=>]8H;T a8B9N(:RP8(;>(L7><(7><(=:FBH:P(8SBP(HP:=BOB8L(:9F(78PML(;>(8WMP:B9(M:=;L(>O(1:9;2L( J>=:P(M7BP>L>M7K( 8;7BHLT(+O(B;(;G=9L(>G;(;7:;(;7BL(HP:BJ(F>8L(78PM(GL(;>(8WMP:B9(M:=;L(>O(7BL(J>=:P(M7BP>L>M7KI( B;( B9;8=M=8;(H8=;:B9(M:=;L(>O(7BL(8;7BHLT(-M(;>(;7BL(M>B9;I(;7BL(7:L(9>;(R889(F>98(B9(:(LBN9BOBH:9;( <:K(B9(;78(L8H>9F:=K(PB;8=:;G=8TC +9(<7:;(O>PP> L88I(L8S8=:P(H>9;8JM>=:=B8L(>O(1:9;(:9F(J>=8(J>F8=9(B9;8=M=8;8=L(>O(;7BL(<>=V(7:S8( :=NG8F(;7:;(B;(8B;78=(O:BPL(;>(H>78=8(O(1:9;2L(H>=MGL(>=(<:L(<=B;;89(O>=( ;78>P>NBH:PI(=:;78=(;7:9(M7BP>L>M7BH:PI(=8:L>9LT(*8W;I(+( >O(1:9;2L(HP:BJ(;7:;(:PP(7GJ:9L(:=8(=:FBH:PPK(8SBP(R>;7(RK(9:;G=8(:9F(;7=>GN7(:(O=88(RG;( 98H8LL:=K(H7>BH8T(+( ;7:;(;7BL(L;:;8(BL(G9BS8=L:P(;>(:PP(7GJ:9LT(.B9:PPKI(+( H>78=89H8(>O(;7BL(<>=V(O(1:9;2L(H>=MGL(RK(L7> !"#$%$&'(:9F(;78(HP:BJ(:R>G;(;78(G9BS8=L:PB;K(>O(=:FBH:P(8SBP(8WMP:B9(:9F(HP:=BOK(1:9;2L( J>=:P(M7BP>L>M7KQ(RK(8WMP:B9B9N(;78(L>G=H8(>O(J>=:P(8SBP(B9(7GJ:9L(:9F(HP:=BOKB9N(;78( 7GJ:9(M>LLBRBPB;K(>O(O=88PK(H7>>LB9N(;>(R8(J>=:PPK(8SBPT C #L(!7=BL(/T(.B=8L;>98(:9F(*:;7:9(b:H>RL(9>;8(B9(H'(4"2"'1"(&2(>/'*M1(!"#$%$&'(?+9FB:9:M>PBLQ(+9FB:9:( -9BS8=LB;K($=8LLI(Ucc_T@I(Y;78(]G=K(>O(H>9;8JM>=:=K(1:9;(B9;8=M=8;8=L(=8J:B9L(F8:FP>HV8F(>S8=(7><(R8L;( ;>(G9F8=L;:9F(1:9;2L(!"#$%$&'`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`(H>9H8M;T_(3H7BPP8=I(B9(M:=;BHGP:=I(:HHGL8F(7BJ(>O( B9;=>FGHB9N(=:FBH:P(8SBPI(<7BH7(78(PBV898F(;>(;78(!7=BL;B:9(H>9H8M;(>O(>=BNB9:P(LB9I(>9PK(B9( >=F8=(;>(:;;=:H;(!7=BL;B:9(O>PP><8=L(;>(7BL(M7BP>L>M7KTD(+9;8=8L;B9NPKI(;7BL(<>=V(:PL>(F=8<( :9(>MM>LB;8I(;7>GN7(8gG:PPK(L;=>9NI(=8:H;B>9(O=>J(.=8F8=BHV(6BPPB:J(++I(;78(VB9N(>O( $=GLLB:(FG=B9N(;7BL(M8=B>FT(1:9;(=8H8BS8F(:9(>=F8=(B9L;=GH;B9N(7BJ(;>(L;>M(MGRPBL7B9N(>9( LGH7(;>MBHL(R8H:GL8(7BL(M7BP>L>M7K(FBL;>=;8F(:9F(FBLM:=:N8F(=8PBNB>9TAc(%7BL(>=F8=(:HHGL8F( 7BJ(>O((YJBLGLiB9Nj(7BL(M7BP>L>M7K(;>(FBLM:=:N8(=8PBNB>9I`AA(J8:9B9N(!7=BL;B:9B;KT(67BP8( >98(H>9;B9N89HK(O>G9F(1:9;(;>(R8(M:9F8=B9N(;>(!7=BL;B:9L(B9(;78(!"#$%$&':(:9>;78=( :HHGL8F(7BJ(>O(F8O:JB9N(;78(R8PB8OL(>O(;78(L:J8(=8PBNB>GL(N=>GMT %78L8(>MM>L8FI(RG;(8gG:PPK(H=B;BH:PI(=8LM>9L8L(:=8(9>;(LG=M=BLB9NI(NBS89(;78(M8=B>F( B9(<7BH7(1:9;(<=>;8(;78(!"#$%$&'=(1:9;(<=>;8(;7BL(<>=V(B9($=GLLB:(FG=B9N(;78( &9PBN7;89J89;(?.$"(@2;#N0-'%@I(:(;BJ8(>O(GM78:S:P(>O(;=:FB;B>9:P(;7>GN7;(B9(J:9K(OB8PFLI( _ .>=(:9(>S8=SB8<(>O(;78(=8:H;B>9(>O(1:9;2L(H>9;8JM>=:=B8LI(L88(.:HV8978BJI(Y1:9;(:9F(':FBH:P(&SBPI`( XXD(d([XT D .=B8F=BH7(3H7BPP8=(;>(^T(1>8=98=I(U_(.8R=G:=K(ACDXI(B9(OF+$##"01(,0$"2":(8FT(.T(b>9:L(?3;G;;N:=;I(9TFT@I(+++I( U__T Ac 1G879I(>/'*?(@(,$&%0/A+B:(XC_(d(CDT AA .>=(:(F8;:BP8F(8WMP:9:;B>9(>O(;78(H>==8LM>9F89H8(R8;<889(;78(1B9N2L(=8M=8L89;:;BS8L(:9F(1:9;(=8N:=FB9N( ;7BL(J:;;8=I(L88(1G879I(>/'*?(@(,$&%0/A+B:(XC_(d(_UT("8=8I(1G879(8WMP:B9L(;7:;(;78(1B9N(N:S8(1:9;(;7BL( >=F8=(R8H:GL8(78(O8P;(;7:;(7BL(<=B;B9NL(:FS>H:;8F(=8PBNB>GL(O=88F>JI(<7BH7(>MM>L8F(;78(1B9N2L(YM:;8=9:P( MG=M>L8`(>O(M=>;8H;B9N(!7=BL;B:9B;KT(1:9;(=8LM>9F8F(RK(<=B;B9N(;>(;78(1B9N(;7:;(7BL(M7BP>L>M7KI(>9(;78( H>9;=:=KI(FBF(9>;(:FF=8LL(!7=BL;B:9B;K(:;(:PPI(RG;(78(98S8=;78P8LL(:N=88F(;>(H8:L8(<=B;B9N(:R>G;(=8PBNB>9T( %7BL(BL(:(M=>JBL8(;7:;(78(FBF(9>;(V88MT Ac B9HPGFB9N(M7BP>L>M7K(:9F(;78>P>NKT(67BP8(;78=8(<:L(:(FBS8=LB;K(>O(;7>GN7;(:J>9N( &9PBN7;89J89;(;7B9V8=LI(;78K(;89F8F(;>(R:L8(=8PBNB>GL(;7>GN7;(GM>9(;78(M=8LGMM>LB;B>9( ;7:;(7GJ:9(9:;G=8(BL(9:;G=:PPK(N>>FT(%7B9V8=L(>O(;7BL(;BJ8(;89F8F(;>(F89K(;78(=8:PB;K(>O( >=BNB9:P(LB9I(B9L;8:F(:=NGB9N(;7:;(7GJ:9L(:=8(N>>F(RK(9:;G=8T(a8H:GL8(>O(;7BL(M>LB;B>9I( ;78K(:PL>(:=NG8F(;7:;(:9K(O:PP(O=>J(N>>F98LL(H>GPF(9>;(R8(;78(O:GP;(>O(;7:;(M8=L>9(RG;(;78( O:GP;(>O(L>J8;7B9N(8W;8=9:PI(PBV8(BN9>=:9H8(>=(L>HB:P(M=8LLG=8TAU(b8:9(b:Hg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gG8L;B>9(>G=(:RBPB;K(;>(L:S8(>G=L8PS8L(d( AU(((^>=F>9(&T(4BH7:PL>9I(b=TI(P/##"'(P0"".&E(?!:JR=BFN8Q(!:JR=BFN8(-9BS8=LB;K($=8LLI(ADDc@I(E_(d(EDT AX 0B9H89;(#T(4H!:=;7K(J:V8L(;7BL(:=NGJ89;(B9(L-"1*(2&0(/(C+$#&1&A+$F/#(G"1-1I(?4:H>9I(^8>=NB:Q( 48=H8=(-9BS8=LB;K($=8LLI(AD_\@I(CET AE .>=(;7BL(:=NGJ89;I(L88(b8:9(b:HgG8L('>GLL8:GI(O"F&'.(4$1F&-01":(Q'(*+"(Q0$%$'(/'.(P&-'./*$&'1(&2( H'"I-/#$*B(/E&'%(3"':(B9(D+"(4$1F&-01"1(/'.(Q*+"0(R/0#B(C$*$F/#(S0$*$'%1:(8FT(0BH;>=(^>G=8SB;H7T( ?!:JR=BFN8Q(!:JR=BFN8(-9BS8=LB;K($=8LLI(ADDC@T A[ +JJ:9G8P(1:9;T(Y#9(#9L<8=(;>(;78(kG8L;B>9Q(67:;(BL(&9PBN7;89J89;l`(B9(C0/F*$F/#(C+$#&1&A+B:(;=:9LT( :9F(8FT(4:=K(bT(^=8N>=T(?!:JR=BFN8Q(!:JR=BFN8(-9BS8=LB;K($=8LLI(ADD\@T AA :9(>FF(=8LGP;(O>=(:(;7B9V8=(<7>(J:V8L(7GJ:9(:G;>9>JK(;78(78:=;(>O(7BL(M7BP>L>M7BH:P( SBLB>9T`A\(+;(BL(B9F88F(:9(>FF(HP:BJ(BO(>9PK(O>=(;78(M=>RP8J(;7:;(B;(L8;L(GM(O>=(1:9;2L(><9( J>=:P(M7BP>L>M7KT(%7>GN7(;78(Y>GN7;(BJMPB8L(H:9`(M=B9HBMP8AC(BL(BJMPBHB;(B9(7BL(J>=:P( ;78>=KI(;78(HP:BJ(;7:;(:PP(7GJ:9L(:=8(=:FBH:PPK(8SBP(J:V8L(;78(J>=:P(>GN7;(L88JB9NPK( BJM>LLBRP8(;>(:H7B8S8(O>=(7GJ:9LT(#L(<8( <7:;(O>PP> N>>FI(<7BH7(JGL;(R8(M>LLBRP8(B9(1:9;2L(:HH>G9;(>O(8;7BHLT(#L(<8(H:9(L88I(;78(H>9H8M;(>O( =:FBH:P(8SBP(BL(9>;(LG=M=BLB9N(>9PK(R8H:GL8(B;(F>8L(9>;(OB;(B9;>(;78(B9;8PP8H;G:P(J>S8J89;(B9( <7BH7(1:9;(F8S8P>M8F(B;(RG;(:PL>(R8H:GL8(B;(F>8L(9>;(L88J(;>(OB;( >O(1:9;2L(><9(J>=:P(M7BP>L>M7KT( !>9;B9GB9N('8LBL;:9H8(B9(;78(38H>9F:=K(/B;8=:;G=8 19> !"#$%$&':(:9F(M:=;BHGP:=PK(7BL(B9;=>FGH;B>9(>O(=:FBH:P(8SBP(:9F(7BL(L>PG;B>9(;>(>S8=H>JB9N( B;I(<7BH7(+( PB;8=:;G=8T($8=7:ML(;78(J>L;(LBN9BOBH:9;(;>MBH(JJ89;:;>=L(9><(;:V8(BLLG8(BL( S8=K(LBJBP:=(;>(;78(>98(;:V89(GM(RK(;7B9V8=L(H>9;8JM>=:=K(;>(1:9;(h(7><(;78(B9;=>FGH;B>9( >O(;78(98<(H>9H8M;(>O(=:FBH:P(8SBP(OB;L(B9(O(7BL(<=B;B9NLT( %78(OB=L;(J>F8=9(F:K(H>JJ89;:;>=(;7:;(+( :(M>LB;B>9(;7:;(;89FL(;>(OB;(LgG:=8PK(98(;:V89(RK(1:9;2L(M7BP>L>M7BH:P( H>9;8JM>=:=B8LI(;7:;(;78(!"#$%$&'(BL(:9(:;;8JM;(;>(=:;B>9:PBe8(H8=;:B9(M:=;L(>O( A\ 4BH7:PL>9I(P/##"'(P0"".&E:([T AC +JJ:9G8P(1:9;I(T0$*$I-"(&2(C-0"(!"/1&':(;=:9LT(:9F(8FT($:GP(^GK8=(:9F(#PP89(6T(6>>FT(?!:JR=BFN8Q( !:JR=BFN8(-9BS8=LB;K($=8LLI(ADDC@I((#[ECma[C[T(Y*><(;7BL(2>GN7;2(8WM=8LL8L(:(M>LLBRP8(:H;B>9TTT` AU !7=BL;B:9B;KTA_(+9(;7BL(=8:FB9NI(78(7>PFL(;7:;(1:9;(FBF(9>;(7:S8(M7BP>L>M7BH:P(=8:L>9L(O>=( 7BL(B9;=>FGH;B>9(>O(;78(H>9H8M;(>O(=:FBH:P(8SBPI(>=(;78(H>9H8M;L(;7:;(L88J(;>(98H8LLB;:;8(B;L( B9;=>FGH;B>9I(RG;(=:;78=(;7:;(78(<:L(;=KB9N(;>(B9L8=;(=8PBNB>9(B9;>(7BL(M7BP>L>M7K(B9(:(<:K( ;7:;(FBF(9>;(9:;G=:PPK(O>PP><(O=>J(7BL(;78>=B8LT(kGB99(<=B;8L(;7:; i1:9;2Lj(F>H;=B98(>O(=:FBH:P(8SBP(BL(B9;89F8F(:L(:(=:;B>9:P(=8MP:H8J89;(O>=( ;=:FB;B>9:P(S8=LB>9L(>O(;78(F>H;=B98(>O(>=BNB9:P(LB9T("8(=8H>JJ89FL(B;(O>=(R8PB8O(>9( ;78(N=>G9FL(;7:;(B;(BL(B9;8=9:PPK(H>9LBL;89;I(;7:;(B;(BL(8W;8=9:PPK(H>9LBL;89;(<(=V(>O(7BL(J:;G=8(M=:H;BH:P(M7BP>L>M7KI( :9F(;7:;I(B9(:FFB;B>9I(B;(BL(LGMM>=;8F(RK(B9FGH;BS8(8SBF89H8(;>(;78(8W;89;(LGH7( LGMM>=;(BL(M>LLBRP8(=VTAD kGB99(R:L8L(7BL(HP:BJ(;7:;(;78(B9;=>FGH;B>9(>O(=:FBH:P(8SBP(L8=S8L(;>(]GL;BOK(;78(!7=BL;B:9( ;78>=K(>O(>=BNB9:P(LB9(GM>9(;78(HP:BJ(;7:;(1:9;(F=: M=8LGMM>LB;B>9L(B9(;78(!"#$%$&'=(3M8HBOBH:PPKI(kGB99(BF89;BOB8L(;<>(>O(;78L8(Y!7=BL;B:9( M=8LGMM>LB;B>9L`(h(;78(M=8LGMM>LB;B>9(;7:;(<8(H:9(:LLBN9(J>=:P(<>=;7(;>(;78(H7:=:H;8=(:9F( :H;B>9L(>O(B9FBSBFG:P(7GJ:9(R8B9NL(:9F(;78(M=8LGMM>LB;B>9(;7:;(;7BL(<>=;7(BL(:H7B8S8F( ;7=>GN7(;78(GL8(>O(O=88F>JT("8(;7B9VL(;7:;(1:9;(:PL>(:HH8M;L(;78(O>PP> B9;GB;B>9L`Q(;7:;(:PJ>L;(:PP(7GJ:9L(7:S8(:(H7:=:H;8=(;7:;(BL(L;:B98F(B9(LGH7(:(<:K(;7:;(B;( H:99>;(R8(]GFN8F(;>(R8(J>=:PPK(N>>F(:9F(;7:;(>9PK(:(M8=O8H;PK(N>>F(7GJ:9(H7:=:H;8=(H:9( R8(P>>V8F(GM>9(=(RK(^>FTUc %78L8(M=8LGMM>LB;B>9L(:9F(B9;GB;B>9LI(<7BH7(kGB99(BF89;BOB8L( <7K(kGB99(;7B9VL(;7:;(1:9;(B9;=>FGH8L(=:FBH:P(8SBPI(:L(:(H>9H8M;(;7:;(:=BL8L(O=>J(LGH7( M=8LGMM>LB;B>9LT(a8H:GL8(kGB99(BF89;BOB8L(;78J(:L(!7=BL;B:9(:LLGJM;B>9LI(78(;7B9VL(;7:;( =:FBH:P(8SBP(B;L8PO(:=BL8L(B9(;78(!"#$%$&'(:L(:(;78>P>NBH:PI(=:;78=(;7:9(M7BP>L>M7BH:PI( A_ $7BPBM(/T(kGB99I(Y)=BNB9:P(3B9I(':FBH:P(&SBPI(:9F(4>=:P(+F89;B;KI`(P/$*+(/'.(C+$#&1&A+B(AT(UT(?AD_E@Q( A__(d(UcUT AD kGB99I(Y)=BNB9:P(3B9I`(A_DT Uc kGB99I(Y)=BNB9:P(3B9I`(UccT AX H>9H8M;T(+9(>;78=(<>=FLI(kGB99(;:V8L(;78(M>LB;B>9(;7:;(=:FBH:P(8SBP(F>8L(9>;(O>PP><(O=>J( ;78(=8L;(>O(1:9;2L(M7BP>L>M7BH:P(?J>=8(LM8HBOBH:PPKI(J>=:P@(;78>=K(RG;(=:;78=(BL(B9L8=;8F(>9( ;78(R:LBL(>O(9>9hM7BP>L>M7BH:P(;78>P>NKT(%78=8O>=8I(;>(;:V8(k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`UU(/BV8( kGB99I(78(BL(S8=K(HP8:=(;7:;(1:9;(7:L(:9(GP;8=B>=(J>;BS8I(R8K>9F(J8=8PK(:FS:9HB9N(7BL( ><9(M7BP>L>M7BH:P(;78>=B8LI(B9(7BL(<=B;B9N(>O(;7BL(<>=VT(5>S8P(:HHGL8L(7BJ(>O(:;;8JM;B9N( ;>(F8L;=>K(:9K;7B9N(B9(=8PBNB>9(;7:;(M=:H;BH:P(=8:L>9(H:99>;(H>9F>98T("8(;7B9VL(;7:;(1:9;( :H7B8S8L(7BL(N>:P(>O(;78(Y7BL;>=BH:P(M=>M:N:;B>9(>O(J>=:PB;K`(;7=>GN7(YLGNN8L;B>9(:9F( M8=LG:LBS8(;8H79BgG8LI`(:L(<8PP(:L(;=:9LP:;B9N(M:LL:N8L(B9(3H=BM;G=8(B9;>(J>=:P(;8=JLTUX( 5>S8P(HP:BJL(;7:;(1:9;(FBF(9>;(<=B;8(;78(!"#$%$&'(B9(>=F8=(;>(F8S8P>M(:9K(M:=;L(>O(7BL( J>=:P(;78>=K(RG;(J8=8PK(;>(B9]8H;(:(=8PBNB>GL(LMB=B;(B9;>(B;(:9F(;78=8RK(8P8S:;8(B;L( UA 5B=JBK:7G(5>S8PI(>/'*(/'.(*+"(C+$#&1&A+B(&2(U$1*&0B:(?$=B9H8;>9I(*bQ($=B9H8;>9(-9BS8=LB;K($=8LLI( AD_c@T UU 5>S8PI(>/'*(/'.(*+"(C+$#&1&A+B(&2(U$1*&0B:(UcUT UX 5>S8PI(>/'*(/'.(*+"(C+$#&1&A+B(&2(U$1*&0B:(UcU(d(UcXT AE BJM>=;:9H8(B9(>G=(F:BPK(PBS8LTUE(+OI(RK(;7BL(=8:FB9NI(<8(H:9(HP:BJ(;7:;(;78(!"#$%$&'(H>78=8L( O(;78(H>=MGLI(B;(BL(>9PK(B9L>O:=(:L(B;L(H>9H8M;L(8B;78=(:=8(:P=8:FK(O>G9F(B9( >;78=(<>=VL(>=(;7:;(B;(GL8L(;78L8(H>9H8M;L(B9(>=F8=(;>(:H7B8S8(:(=8PBNB>GL(:N89F:T( $7BP>L>M7BH:PPK(LM8:VB9NI(BO(<8(:=8(;>(:HH8M;(5>S8P2L(M8=LM8H;BS8I(<8(H:99>;(L:K(;7:;(;7BL( <>=V(H>78=8L(ML( H>9H8M;L(>=(7:L(;78(L:J8(M7BP>L>M7BH:P(J>;BS:;B>9T #(OB9:P(J8JR8=(>O(;7BL(H:JM(BL(^>=F>9(&T(4BH7:PL>9I(<7>(:=NG8LI(H>9;=:=K(;>( 5>S8P2L(HP:BJI(;7:;(1:9;(B9;=>FGH8L(;78(98<(H>9H8M;(>O(=:FBH:P(8SBP(B9(;78(!"#$%$&'(J8=8PK( ;>(J:V8(7BL(J>=:P(;78>=K(:J89:RP8(;>(=8PBNB>GL(:9F(;78>P>NBH:P(H>9H8=9LT(67BP8(78(F>8L( 9>;(:;;=BRG;8(J>;BS:;B>9L(>O(FBL7>98L;K(>=(G9F8=7:9F8F98LL(;>(1:9;(O>=(<=B;B9N(;7BL(<>=VI( 78(F>8L(;7B9V(;7:;(;78=8(BL(:(LBN9BOBH:9;(FBOO8=89H8(R8;<889(;7BL(<>=V(:9F(1:9;2L(>;78=LT( "8(FB=8H;PK(L;:;8L(;7:;(78(F>8L(9>;(:N=88(9L(>O(;7BL(<>=V(;7:;(M=8L89;(:( !"#$%$&'(;7:;(H>78=8L(O(;78(H>=MGLT("8(<=B;8LI i%7BL(VB9F(>O(=8:FB9Nj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cD(d(Ac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a8O>=8( M=>H88FB9N(;>(;78(=8:L>9L(<7K(1:9;(J:K(7:S8(B9;=>FGH8F(B;(:9F(7><(B;(H>78=8L( =8L;(>O(7BL(<=B;B9NLI(+( :=8(=:FBH:PPK(8SBPT(%78=8(:=8(O>G=(J:]>=(M:=;L(>O(7BL(HP:BJT(.B=L;I(78(F8OB98L(=:FBH:P(8SBP(:L( :(LGR>=FB9:;B>9(>O(;78(B9H89;BS8(>O(;78(J>=:P(P:<(;>(;78(B9H89;BS8L(>O(B9HPB9:;B>9(B9(>982L( OG9F:J89;:P(J:WBJT(38H>9FI(78(:LL8=;L(;7:;I(B9(>=F8=(;>(R8(=:FBH:PPK(8SBPI(;7BL( LGR>=FB9:;B>9(>O(B9H89;BS8L(JGL;(R8(O=88PK(H7>L89(:9F(;7GL(BJMG;:RP8(;>(;7>L8(<7>( H7>>L8(B;T(%7B=FI(;7BL(H7>BH8(>O(:9(8SBP(OG9F:J89;:P(J:WBJ(BL(G9BS8=L:P(B9(7GJ:9L(:9F( B99:;8(;>(7GJ:9(9:;G=8T(.B9:PPKI(B;(JGL;(R8(M>LLBRP8(;>(>S8=H>J8(=:FBH:P(8SBPI(8S89(;7>GN7( B;(J:K(9>;(R8(M>LLBRP8(O>=(7GJ:9L(;>(F>(;7BL(RK(;78B=(><9(M><8=LT A\ #(,8OB9B;B>9(>O(':FBH:P(&SBP %78(OB=L;(J:]>=(H>JM>989;(>O(1:9;2L(:=NGJ89;(O>=(;78(G9BS8=L:PB;K(>O(=:FBH:P(8SBP( BL(:(F8OB9B;B>9(>O(;7BL(;8=JT(+9(L7>=;I(;>(R8(=:FBH:PPK(8SBP(BL(;>(7:S8(:(H>==GM;8F( OG9F:J89;:P(J:WBJT($=B>=(;>(;78(!"#$%$&':(1:9;(7:F(>9PK(FBLHGLL8F(;78(H>9H8M;(>O( J:WBJL(B9(;78(H:L8(>O(M:=;BHGP:=(:H;B>9L(RG;(7:F(9>;(FBLHGLL8F(;78(8WBL;89H8(>O(:( OG9F:J89;:P(J:WBJTU\*#(J:WBJI(:HH>=FB9N(;>(1:9;I(BL(Y;78(A0$'F$A#"(&2(K$*$&'(B9( :HH>=F:9H8(9(BL(F>98T`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`(G&-0'/#(&2(*+"(U$1*&0B(&2(C+$#&1&A+B( EET(AT(?b:9(Ucc\@T(#PL>(L88("89=K(&T(#PPBL>9I(>/'*M1(D+"&0B(&2(P0"".&E(?!:JR=BFN8Q(!:JR=BFN8( -9BS8=LB;K($=8LLI(ADDc@Q(_[(d(DE(O>=(:(=8SB8<(>O(S:=B>GL(<:KL(>O(F8OB9B9N(:(J:WBJT(#;(;7BL(M>B9;(B9(JK( M=>]8H;I(+( UC +JJ:9G8P(1:9;I(60-'.#"%-'%(7-0(3"*/A+B1$;(."0(O$**"':(?":JRG=NQ(08=P:N(S>9(.8PBW(48B98=I(AD\[@T( .>=(&9NPBL7(;=:9LP:;B>9LI(+JJ:9G8P(1:9;I(60&-'.)&0;(&2(*+"(3"*/A+B1$F1(&2(3&0/#1:(B9(C0/F*$F/#( C+$#&1&A+B:(8FT(:9F(;=:9LT(4:=K(bT(^=8N>==(?!:JR=BFN8Q(!:JR=BFN8(-9BS8=LB;K($=8LLI(ADD\@I(EQXDD(d( EQEccT(?YTTT$E(C0$'7$A(."1(S$##"'1:(G9:9N8L8789(F8=(n<8HV8I(FB8(FG=H7(L>PH78(":9FPG9N(R8J(78=8(>9I(+( U_ 1:9;I(60&-'.)&0;I(EQEccT UD 67BP8(1:9;(;:PVL(:R>G;(;7BL(O8:;G=8(>O(7GJ:9B;K(B9(L8S8=:P(MP:H8L(B9(7BL(<=B;B9NLI(78(P:KL(B;(>G;(gGB;8( 98:;PK(B9(!"#$%$&'(\QU\I(<78=8(78(9>;8L(;7:;(7GJ:9L(:=8(PBSB9NI(>=(L89LBRP8I(R8B9NLI(=:;B>9:P(R8B9NLI(:9F( :PL>(J>=:P(R8B9NLT AC ."0(C0/F*$1F+"'(9"0'-'2*@:Xc(1:9;(O>HGL8L(GM>9(J:WBJL(:;(;7BL(P8S8P(>O(M:=;BHGP:=(:H;B>9LT aG;(9>FGH8L(:(98<(P:K8=(;>(7BL(H>9H8M;(>O(J:WBJLQ( ;78(8WBL;89H8(>O(:(6"1$''-'%I(>=(:(J>L;(OG9F:J89;:P(J:WBJI(B9(8:H7(M8=L>9TXA(6B;7(;7BL( B9;=>FGH;B>9I(78(NBS8L(GL(:(MBH;G=8(>O(:(;<>h;B8=8F(7B8=:=H7K(>O(J:WBJLT(%78(6"1$''-'%(BL( :(M8=L>92L(YLGM=8J8(J:WBJ`(?.$"(&5"01*"(3/V$E"@IXU(>=(<7:;(BL(H>JJ>9PK(;=:9LP:;8F(:L( >982L(YFBLM>LB;B>9T`XX(#L(B9(;78(H:L8(>O(P><8=(J:WBJLI(:(M8=L>9(H7>>L8L(78=(6"1$''-'%(RK( F8HBFB9N(GM>9(:(M=B9HBMP8(>O(:H;B>9I(8B;78=(B9H89;BS8L(>O(B9HPB9:;B>9(>=(;78(B9H89;BS8(>O( FG;KT(%7BL(M=B9HBMP8(B9OPG89H8L(;78(H7>BH8(>O(:9K(P><8=(J:WBJLTXE(.>=(8W:JMP8I(:HH>=FB9N( ;>(1:9;2L(;78>=KI(>982L(F8HBLB>9(;>(:F>M;(:(J:WBJ(>O(L8POhP>S8(B9(:(M:=;BHGP:=(H:L8(<>GPF( Xc +JJ:9G8P(1:9;I(>0$*$;(."0(C0/F*$1F+"'(9"0'-'2*:(?/>9F>9Q('>G;P8FN8m%7>8JJ8L($=8LLI(ADDE@T(.>=( &9NPBL7(;=:9LP:;B>9LI(+JJ:9G8P(1:9;I(T0$*$I-"(&2(C0/F*$F/#(!"/1&':(+9(C0/F*$F/#(C+$#&1&A+B:(8FT(:9F( ;=:9LT(4:=K(bT(^=8N>==(?!:JR=BFN8Q(!:JR=BFN8(-9BS8=LB;K($=8LLI(ADD\@Q([Q([C(d([Q\CT(.=>J(78=8(>9I(+( XA )9>=:()2*8BPP(=8O8=L(;>(;7BL(98<(B9;=>FGH;B>9(:L(B9;=>FGHB9N(;78(FBOO8=89H8(R8;<889(J:WBJL(;7:;(:=8(O>=( ;78(L7>=;(;8=J(?<7:;(+(H:PP(J:WBJL(>O(M:=;BHGP:=(:H;B>9L@(:9F(O>=(;78(P>9N(;8=J(?:9(G9F8=PKB9N(J:WBJ@( ?DC@T(388(>/'*?(!/*$&'/#$*B(/1(C0/F*$F/#(!"/1&':(B9(%78()WO>=F(":9FR>>V(>O(':;B>9:PB;KI(8FT(#PO=8F(bT( 48P8(:9F($B8=L(': XU 1:9;I(!"#$%$&':(\QXAT XX %78=8(:=8(LBN9BOBH:9;(M=>RP8JL(=F(Y^8LB99G9N`(B9;>(&9NPBL7T(?388(3;8M789('T( $:PJgGBL;I(B9;=>FGH;B>9(;>(!"#$%$&'()$*+$'(*+"(,&-'.1(&2(,/0"(!"/1&':(RK(+JJ:9G8P(1:9;I(;=:9LT(68=98=( 3T($PG7:=(?+9FB:9:M>PBLQ(":HV8;;($GRPBL7B9N(!>I(+9HTI(UccD@@T(#L(3;8M789($:PJgGBL;(8WMP:B9LI(;78(;<>( J>L;(H>JJ>9(;=:9LP:;B>9L(O>=(;7BL(<>=FI(8B;78=(YFBLM>LB;B>9`(>=(Y:;;B;GF8I`(F>(9>;(M=>M8=PK(H:M;G=8(;78( J8:9B9N(>O(;78(^8=J:9(<>=FT(a>;7($:PJgGBL;(?WWSBBB'@(:9F(68=98=($PG7:=(?AE@(:N=88(;7:;(YFBLM>LB;B>9`( BL(R>;7(;>>(S:NG8(:9F(LGNN8L;L(;7:;(6"1$''-'%(BL(J>=8(J8;:M7KLBH:P(>=(R87:SB>=:P(;7:9(B;(:H;G:PPK(BLT( Y#;;B;GF8I`(>9(;78(>;78=(7:9FI(BL(Y;>>(S:NG8(:9F(;>>(8JMB=BH:P`(;>(H:M;G=8(;78(L;:RBPB;K(>O(>982L( 6"1$''-'%(:9F(;78(M><8=(;7:;(;78(6"1$''-'%(7:L(;>(FB=8H;(:(M8=L>9(;><:=FL(;78(H7>BH8(>O(P><8=(J:WBJL( ?WWSBBB'WT(.>=(;78L8(=8:L>9LI($:PJgGBL;(P8:9L(;><:=F(GLB9N(:(<>=F(PBV8(YH>9SBH;B>9`(:L(:(R8;;8=( ;=:9LP:;B>9T("8(L:KL(;7:;(<8(L7>GPF(G9F8=L;:9F(;7BL(;8=J(9>;(:L(:(Y=8:L>98F(?M=>M>LB;B>9:P@(H>9HPGLB>9`( RG;(:L(Y:(78:=;hH89;8=8F(0"1K"(*&(/F*($'(/(F"0*/$'()/B`(?WWSBBB'@T(+(:J(L;=>9NPK(B9HPB98F(;>(:N=88(9(O:S>=B9N(:(<>=F(PBV8(YH>9SBH;B>9`(R8H:GL8I(:L(<8( XE #L(.B=8L;>98(:9F(b:H>RLI(H'(4"2"'1"(&2(>/'*M1(!"#$%$&':(AEAI(9>;8I(Y;7BL(J:WBJI(:L(1-A0"E":(BL(:(LB9NP8( =GP8(=8N:=FB9N(;78(J>=:P(P:<(N898=:PPKI(:9F(GP;BJ:;8PK(F8OB98L(>G=(J>=:P(9:;G=8T` A_ 9>;(R8(:9(:=RB;=:=K(F8HBLB>9T(+;(<>GPF(R8(N=>G9F8F(B9(;7:;(M8=L>92L(6"1$''-'%T(+9(;7BL( H:L8I(;78(6"1$''-'%(<>GPF(R8(:(J>=8(N898=:P(H>JJB;J89;(;>(M=B>=B;BeB9N(B9HPB9:;B>9LI( LGH7(:L(L8POhP>S8I(:R>S8(;78(J>=:P(P:<(:L(;78(J>;BS:;B>9(O>=(>982L(:H;B>9LT +;(BL(9>;(>RSB>GL(<7K(:(H7>BH8(>O(:9(8SBP(>=(N>>F(6"1$''-'%(<>GPF(NG:=:9;88(;7:;( :(M8=L>92L(P><8=(J:WBJL(JGL;(:PL>(R8(8SBP(>=(N>>FT(#;(;7BL(M>B9;I(B;(L88JL(M>LLBRP8(;7:;(:( M8=L>9(H>GPF(R8(N898=:PPK(H>JJB;;8F(;>(M=B>=B;BeB9N(B9HPB9:;B>9L(:R>S8(;78(J>=:P(P:<(RG;( >HH:LB>9:PPK(L;=:K(O=>J(;7BL(H>JJB;J89;(:9F(:H;(O=>J(;78(J>=:P(P:<(B9(:(M:=;BHGP:=(H:L8T( +9(>=F8=(;>(G9F8=L;:9F(<7K(1:9;(;7B9VL(;7:;(;7BL(VB9F(>O(F8SB:;B>9(O=>J(>982L(J>L;( OG9F:J89;:P(H>JJB;J89;(BL(BJM>LLBRP8I(<8(JGL;(P>>V(;>(1:9;2L(G9F8=L;:9FB9N(>O(;78( 7GJ:9( 8WMPBHB;PK(B9(;78(3"*/A+B1$F1(&2(3&0/#1(?4$"(3"*/A+B1$;(."0(O$**"'@:X[(1:9;(R8NB9L(;>(GL8( ;<>(FBOO8=89;(<>=FLI(S$##"(:9F(S$##;X0I(;>(F8LH=BR8(;<>(FBOO8=89;(OG9H;B>9L(>O(;78(7GJ:9( Y >O(S>PB;B>9(?:PL>(H:PP8F(S$##"@I(:9F(S$##;X0(BL(;78(8W8HG;BS8(OG9H;B>9I(>=(;78(M><8=(>O( H7>BH8T(#HH>=FB9N(;>(b>79('T(3BPR8=I(B9(Y%78(&;7BH:P(3BN9BOBH:9H8(>O(1:9;2L(!"#$%$&':`XC( ;78L8(;<>(OG9H;B>9L(>O(;78( X[ +JJ:9G8P(1:9;I(4$"(3"*/A+B1$;(."0(O$**"'=(?.BLH78=I(ADDc@T(.>=(&9NPBL7(;=:9LP:;B>9LI(+( X\ #PPBL>9I(>/'*M1(D+"&0B(&2(P0"".&E:(AUD(h(Xc=("8=8I(#PPBL>9(M>B9;L(>G;(;7:;(1:9;2L(GL8(>O(;78L8(;<>(;8=JL( :MM8:=L(B9(:(O8<(>O(1:9;2L(J>=:P(<=B;B9NLT(%78(GL8(>O(;78L8(;8=JL(OB=L;(:MM8:=L(B9(;78(L8H>9F(T0$*$I-"(RG;( MP:KL(:(JGH7(P:=N8=(=>P8(B9(;78(!"#$%$&'=(%78(FBL;B9H;B>9(BL(J>L;(HP8:=PK(F8S8P>M8F(B9(;78(3"*/A+B1$F1(&2( 3&0/#1:(7><8S8=T XC b>79(3BPR8=I(O>=8<>=F(;>(!"#$%$&'()$*+$'(*+"(Y$E$*1(&2(!"/1&'(@#&'"Z(>=I(Y%78(&;7BH:P(3BN9BOBH:9H8(>O( 1:9;2L(!"#$%$&':`(RK(+JJ:9G8P(1:9;T(?*8<(5>=VQ(":=M8=()98I(AD\c@T AD >98(BL(O=88(:9F(;78(>;78=(BL(9>;T("8(<=B;8LI -9PBV8(S$##;X0:(7><8S8=I(S$##"(F>8L(9>;(J:V8(F8HBLB>9L(>=(:F>M;(J:WBJLp(B;(F>8L( 9>;(:H;T(':;78=(B;(BL(;78(L>G=H8(>O(:(L;=>9N(:9F(8S8=(M=8L89;(B9H89;BS8(B9(S$##;X0: ( :9FI(BO(L;=>9N(89>GN7(;>(R8(:F>M;8F(RK(S$##;X0(B9;>(;78(J:WBJ(>O(B;L(H7>BH8I(S$##"( YH:9(F8;8=JB98(;78(S$##;X0[(:9F(;789(YB;(BL(M=:H;BH:P(=8:L>9(B;L8PO`(i"8(HB;8L(%T1T( #RR>;;2L(;=:9LP:;B>9(>O(;78(!"#$%$&'TjTTT%78(S$##"(=8M=8L89;L(;78( +;(BL(;78(S$##;X0I(;789I(;7:;(J:V8L(F8HBLB>9L(=8N:=FB9N(<7BH7(J>;BS:;B>9L(;>(M=B>=B;Be8( <789(O>=JGP:;B9N(:(J:WBJT(68(9><(H:9(L88(;7:;(<789(<8(L:K(;7:;(:(M8=L>9(H7>>L8L(:( 6"1$''-'%I(<7:;(<8(:=8(=8O8==B9N(;>(BL(:(H7>BH8(J:F8(RK(:(M8=L>92L(S$##;X0(;>(R8( J>;BS:;8F(8B;78=(RK(B9HPB9:;B>9L(>=(;78(J>=:P(P:<(B9(:PP(B;L(H7>BH8LI(8S89(H7>BH8L(>O(P><8=( J:WBJLT(1:9;(<=B;8L(;7:;(>982L(H7>BH8(>O(6"1$''-'%(Y:MMPB8L(;>(;78(89;B=8(GL8(>O(O=88F>J( G9BS8=L:PPKT`XD(S$##;X02L(H7>BH8(>O(J>;BS:;B>9(B9(;78(6"1$''-'%I(;789I( H7>BH8(>O(J>;BS:;B>9(B9(:PP(M:=;BHGP:=(H:L8LT(%7BL(=GP8L(>G;(;78(M>LLBRBPB;K(>O(H7>>LB9N(:( H8=;:B9(OG9F:J89;:P(J:WBJ(RG;(9>;(:P<:KL(H7>>LB9N(P><8=(J:WBJL(;7:;(:HH>=F( %78(S8=K(L:J8(OG9H;B>9(>O(;78( >=(6"1$''-'%I(:9F(;78(J:WBJL(>O(M:=;BHGP:=(:H;B>9L(:L(<8PPTEc 1:9;(BL(HP8:=(;7:;(;7BL(6"1$''-'%I(:9F(P><8=(J:WBJL(:L(<8PPI(H:9(>9PK(8B;78=(R8( N>>F(>=(8SBPT()982L(6"1$''-'%(H:9(98S8=(R8(J>=:PPK(98G;=:P(>=(R>;7(N>>F(:9F(8SBPT("8( X_ 3BPR8=I(Y%78(&;7BH:P(3BN9BOBH:9H8(>O(1:9;2L(!"#$%$&'I`(HBST XD 1:9;I(!"#$%$&':(\QU[T(?YN87;(:PPN8J8B9(:GO(F89(N:9e89(^8R=:GH7(F8=(.=8B78B;`@ Ec 388(3BPR8=I(Y%78(&;7BH:P(3BN9BOBH:9H8(>O(1:9;2L(!"#$%$&':`(HWSB(O>=(:(OGPP8=(8WMP:9:;B>9(>O(;78(S$##;X02L( =>P8(B9(;7BL(6"1$''-'%(H7>BH8T Uc =8O8=L(;>(;7BL(HP:BJ(B9(;78(!"#$%$&'(:L(:=BLB9N(O=>J(:(LH7>>P(>O(;7>GN7;(H:PP8F(Y=BN>=BLJ`( ?!$%&0$1E-1@T*.>PP><8=L(>O(;7BL(LH7>>P(R8PB8S8(;7:;(98B;78=(:H;B>9L(9>=(7GJ:9(H7:=:H;8=L( H:9(R8(YJ>=:PPK(B9;8=J8FB:;8T`EA("8(H>9;=:L;L(;7BL(>P(>O(;7>GN7;(V9><9(:L( YP:;B;GFB9:=B:9BLJI`(<7BH7(7>PFL(;7:;(:H;B>9L(:9F(H7:=:H;8=(H:9(R8(R>;7(J>=:PPK(N>>F(:9F( J>=:PPK(8SBPTEU("8(8WMP:B9L(7><(;7BL(SB8 >98I(89;:BPL(;7:;(:(M8=L>92L(OG9F:J89;:P(J:WBJ(JGL;(R8(8B;78=(N>>F(>=(8SBPI *>=(H:9(:(7GJ:9(R8B9N(R8(J>=:PPK(N>>F(B9(L>J8(M:=;LI(:9F(:;(;78(L:J8(;BJ8(8SBP( B9(>;78=LT(.>=(BO(78(BL(N>>F(B9(>98(M:=;I(78(7:L(B9H>=M>=:;8F(;78(J>=:P(P:<(B9;>(7BL( J:WBJT(#9F(<8=8(78I(;78=8O>=8I(;>(R8(8SBP(B9(L>J8(>;78=(M:=;I(LB9H8(;78(J>=:P(P:<( >O(H>JMPB:9H8(98(:9F(G9BS8=L:PI(;78(J:WBJ( =8P:;B9N(;>(B;(<>GPF(R8(G9BS8=L:P(K8;(M:=;BHGP:=(:;(;78(L:J8(;BJ8Q(<7BH7(BL( H>9;=:FBH;>=KTEX 1:9;(BL(HP8:=(B9(;78(60&-'.)&0;(&2(*+"(3"*/A+B1$F1(&2(3&0/#1(;7:;(;78(J>=:P(<>=;7(>O( :H;B>9L(BL(F8;8=JB98F(RK(;78(J:WBJ(>O(;78(:H;B>9TEE(+9(>=F8=(O>=(:9(:N89;2L(:H;B>9(;>(R8( H>9LBF8=8F(J>=:PPK(N>>FI(;789I(;78(:N89;(JGL;(7:S8(J:F8(;78(M=B9HBMP8(>O(S>PB;B>9(B9(;7:;( M:=;BHGP:=(H:L8(;78(J>=:P(P: >=F8=(O>=(;78(:H;B>9(;>(R8(H>9LBF8=8F(J>=:PPK(N>>FT*6789(;78( EA 1:9;I(!"#$%$&':(\QUU(d(\QUXT EU .>=(:(P>9N8=(FBLHGLLB>9(>O(;78(FBOO8=89H8(R8;<889(;78L8(;8=JL(:9F(1:9;2L(:=NGJ89;(O>=(<7K(<8(L7>GPF( R8(J>=:P(=BN>=BL;LI(L88(.B=8L;>98(:9F(b:H>RLI(H'(4"2"'1"(&2(>/'*M1(!"#$%$&'I(AU_(d(XUT EX 1:9;I(!"#$%$&':(\QUE(h(\QU[T(?Y&=(V:99(:GH7(9BH7;(B9(8B9BN89(3;rHV89(LB;;PBH7(NG;I(B9(:9F8=89(eGNP8BH7( RoL8(L8B9T(,899(BL;(8=(B9(8B98J(NG;I(L>(7:;(8=(F:L(J>=:PBLH78(^8L8;e(B9(L8B98(4:WBJ8(:GON89>JJ89p( L>PP;8(8=(:PL>(B9(8B98J(:9F8=89(3;rHV8(eGNP8BH7(RoL8(L8B9I(L>( EE 1:9;I(60&-'.)&0;:(EQXDD(d(EQEccT(Yi#j9(:H;B>9(O=>J(FG;K(7:L(B;L(J>=:P(<>=;7('&*($'(*+"(A-0A&1"(;>(R8( :;;:B98F(RK(B;(RG;(B9(;78(J:WBJ(B9(:HH>=F:9H8(9I(:9F(;78=8O>=8(F>8L(9>;( F8M89F(GM>9(;78(=8:PBe:;B>9(>O(;78(>R]8H;(>O(;78(:H;B>9(RG;(J8=8PK(GM>9(;78(A0$'F$A#"(&2(K$*$&'(B9( :HH>=F:9H8(9(BL(F>98(G;(=8N:=F(O>=(:9K(>R]8H;(>O(;78(O:HGP;K(>O(F8LB=8T`( ?YTTT8B98(":9FPG9N(:GL($OPBH7;(7:;(B7=89(J>=:PBLH789(68=;('$F+*($'(."0(@51$F+*:(<8PH78(F:FG=H7(8==8BH7;( <8=F89(L>PPI(L>9F8=9(B9(F8=(4:WBJ8I(9:H7(F8=(LB8(R8LH7P>LL89((9BH7;(S>9(F8=( 6B=VPBH7V8B;(F8L(^8N89L;:9F8L(F8=(":9FPG9N(:RI(L>9F8=9(RP>t(S>9(F8J(C0$'7$A(."1(S#"'1:(9:H7( <8PH78J(FB8(":9FPG9N(G9:9N8L8789(:PP8=(^8N89L;s9F8(F8L(a8N87=G9NLS8=JoN89L(N8LH78789(BL;T`@ UA ;78(B9H89;BS8(>O(FG;K(:9FI(;78=8O>=8I(;78(J:WBJ(>O(;7:;(M8=L>92L(:H;B>9(BL(9>;(;78(J>=:P( P:;78=(M=B9HBMP8I(>98(J>;BS:;8F(RK( B9HPB9:;B>9TE[(!7>>LB9N(;>(M=B>=B;Be8(>98(>O(;78L8(B9H89;BS8L(8WHPGF8L(;78(>;78=(:L(;78( F8;8=JB9B9N(N=>G9F(>O(;78( ;7GL(7:S8(J>=:P(<>=;7I(>=(9>;(O=>J(FG;KI(R8H:GL8(:(M8=L>9(H:9(>9PK(8B;78=(M=B>=B;Be8(:( J>=:PPK(<>=;7K(J:WBJ(?;7>L8(:H;B>9L(J>;BS:;8F(RK(;78(J>=:P(P:<@(>=(:(J>=:PPK(G9<>=;7K( J:WBJ(?;7>L8(:H;B>9L(J>;BS:;8F(RK(B9H89;BS8L(>;78=(;7:9(;78(J>=:P(P:<@I(RG;(98S8=(R>;7(:;( ;78(L:J8(;BJ8(>=(98B;78=T(a8H:GL8(>O(;7BL(G9F8=L;:9FB9N(>O(;78( ;7B9N(:L(:(J>=:PPK(98G;=:P(:H;B>9T a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ccT(Y*>9(O=>J(FG;K(BL(;>(MG;(:LBF8(89;B=8PK(;78(B9OPG89H8(>O( B9HPB9:;B>9(:9F(R]8H;(>O(;78( E\ 1:9;I(!"#$%$&':(\QUAT(?Y6899((L:N89Q(F8=(489LH7(BL;(S>9(*:;G=(NG;I(>F8=Q(8=(BL;(S>9(*:;G=(RoL8I( L>(R8F8G;8;(FB8L8L(9G9(L>SB8P(:PLQ(8=(89;7sP;(8B989(?G9L(G98=O>=LH7PBH789@(8=L;89(^=G9F(F8=(#9987JG9N( NG;8=(>F8=(F8=(#9987JG9N(RoL8=(?N8L8;e *+"(F&'.$*$&'(&2(*+"(&*+"0=[EC(%7:;(BLI(BO(:(M8=L>9(NBS8L(M=B>=B;K(;>(;78(J>=:P(P:<(=:;78=(;7:9( B9HPB9:;B>9LI(L78(7:L(:(N>>F(6"1$''-'%T(+O(:(M8=L>9(NBS8L(M=B>=B;K(;>(B9HPB9:;B>9L(=:;78=( ;7:9(;78(J>=:P(P:9(H:9(>9PK(8B;78=(H7>>L8(;>(R8( OG9F:J89;:PPK(H>JJB;;8F(;>(:H;B9N(O=>J(;78(J>=:P(P:<(>=(OG9F:J89;:PPK(H>JJB;;8F(;>( :H;B9N(O=>J(J>;BS8L(>O(B9HPB9:;B>9T(+9(>=F8=(;>(R8(R>;7(N>>F(:9F(8SBPI(:(M8=L>9(<>GPF( 7:S8(;>(R8(:RP8(;>(8gG:PPK(M=B>=B;Be8(R>;7(;78(J>=:P(P:<(:9F(B9HPB9:;B>9L(:L(;78(N=>G9F(>O( 7BL(J:WBJLI(<7BH7(BL(9>;(M>LLBRP8T(+9(>=F8=(;>(R8(J>=:PPK(98G;=:PI(:(M8=L>9(<>GPF(7:S8(;>( M=B>=B;Be8(98B;78=T(#HH>=FB9N(;>(1:9;I(;7BL(BL(:PL>(BJM>LLBRP8T(%78=8O>=8I(:(M8=L>9(JGL;(R8( 8B;78=(J>=:PPK(N>>F(>=(J>=:PPK(8SBPT(6789(1:9;(GL8L(;78(;8=J(Y=:FBH:P(8SBPI`(;789I(78( B9;89FL(;7:;(:(M8=L>9(7:L(M=B>=B;Be8F(B9H89;BS8L(>O(B9HPB9:;B>9(:R>S8(B9H89;BS8L(>O(;78( J>=:P(P:<(B9(7BL(OG9F:J89;:P(J:WBJTE_ ':FBH:P(&SBP(:L(:(.=88(!7>BH8 %78(L8H>9F(H>JM>989;(>O(1:9;2L(HP:BJ(=8N:=FB9N(;78(G9BS8=L:PB;K(>O(=:FBH:P(8SBP(BL( ;7:;I(B9(>=F8=(O>=(:(M8=L>9(;>(R8(=:FBH:PPK(8SBPI(78(JGL;(7:S8(:;;:B98F(:9(8SBP(6"1$''-'%( ;7=>GN7(7BL(><9(O=88(H7>BH8T(1:9;(<=B;8LI(Y%78(7GJ:9(R8B9N(JGL;(J:V8(>=(7:S8(J:F8( +$E1"#2(B9;>(<7:;8S8=(78(BL(>=(L7>GPF(R8H>J8(B9(:(J>=:P(L89L8I(N>>F(>=(8SBPT(%78L8(;<>( iH7:=:H;8=Lj(JGL;(R8(:9(8OO8H;(>O(7BL(O=88(M><8=(>O(H7>BH8(iS$##;X0jI(O>=(>;78= H>GPF(9>;(R8(BJMG;8F(;>(7BJ(:9FI(H>9L8gG89;PKI(78(H>GPF(R8(98B;78=(E&0/##B(N>>F(9>=( EC 1:9;I(!"#$%$&'I(\QX\T(?Y#PL>(JGt(F8=(-9;8=LH7B8FI(>R(F8=(489LH7(NG;(>F8=(RoL8(L8BI(9BH7;(B9(F8J( -9;8=LH7B8F8(F8=(%=B8RO8F8=9I(FB8(8=(B9(L8B98(4:WBJ8(:GO9BJJ;(?9BH7;(B9(FB8L8=(B7=8=(4:;8=B8@I(L>9F8=9( B9(F8=(-9;8=>=F9G9N(?F8=(.>=J(F8=L8PR89@(PB8N89Q(<8PH78(S>9(R8BF89(8=(eG=(a8FB9NG9N(F8=( :9F8=89J:H7;T`@ E_ 388(1:9;:(!"#$%$&':(\QXCT UX 8SBPT`ED(#HH>=FB9N(;>(1:9;I(>9PK(O=88(:H;B>9L(H:9(7:S8(J>=:P(<>=;7T*!:JBP8(#;VB9L>9( 8WMP:B9LI &SBP(H:99>;(R8(:;;=BRG;8F(;>(9:;G=:P(B9HPB9:;B>9LI(O>=(;7:;(<>GPF(J8:9(>G=(L89LG>GL( 9:;G=8u>S8=(<7BH7(<8(7:S8(9>(H>9;=>Pu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oL8I(F:eG( JGt(8=(LBH7(L8PRL;(J:H789(>F8=(N8J:H7;(7:R89T`@ [c !:JBPP8(#;VB9L>9I(Y1:9;(>9("GJ:9(*:;G=8(:9F(':FBH:P(&SBPI`(C+$#&1&A+B(/'.(D+"&%B(ADT(AhUT( ?UccC@Q(UA\T [A ^>=F>9(&T(4BH7:PL>9I(Y%78(+9LH=G;:RBPB;K(>O(4>=:P(&SBP(B9(1:9;I`(D+"(D+&E$1*([AT(UT(?AD_C@Q(U\\T( UE O>PP> 1:9;(<=B;8LI Y"8(BL(8SBP(5B('/*-0"`(LBJMPK(J8:9L(;7:;(R8B9N(8SBP(:MMPB8L(;>(7BJ(H>9LBF8=8F(B9( 7BL(LM8HB8Lp(9>;(;7:;(;7BL(gG:PB;K(J:K(R8(B9O8==8F(O=>J(;78(H>9H8M;(>O(7BL(LM8HB8L( ?iBT8Tj(O=>J(;78(H>9H8M;(>O(:(7GJ:9(R8B9N(B9(N898=:PI(O>=(;789(;78(gG:PB;K(<>GPF(R8( 98H8LL:=K@I(RG;(=:;78=(;7:;I(:HH>=FB9N(;>(;78(H>N9B;B>9(<8(7:S8(>O(;78(7GJ:9( R8B9NI(8S89(;78(R8L;T[U +9(>=F8=(;>(J:V8(;7BL(HP:BJ(;7:;(<8(:=8(=:FBH:PPK(8SBP(RK(9:;G=8I(1:9;(<=B;8L(;7:;(78(988FL( ;>(BF89;BOK(L>J8;7B9N(;7:;(H:9(R8(O>G9F(G9BS8=L:PPK(B9(7GJ:9LI(Y:9F(789H8(iR8P>9NLj(;>( ;78(H7:=:H;8=(>O(7BL(LM8HB8LT`[X();78= B9(7GJ:9LT("8(F>8L(;7BL(RK(J:VB9N(;78(:9;7=>M>P>NBH:P(HP:BJ(;7:;(8S8=K(7GJ:9(7:L(<7:;( 78(H:PPL(:(M=>M89LB;K(?U/'%@(;>(8SBPT(#(M=>M89LB;K(BL(Y:(LGR]8H;BS8(F8;8=JB9B9N(N=>G9F(>O( ;78(M><8=(>O(H7>BH8(*+/*(A0"F"."1("K"0B(."".`(?"$'"'(1-5\";*$K"'(,"1*$EE-'%1%0-'.(."0( S$##;X0:(."0(K&0(\"."0(D/*(K&0+"0(%"+*@[E(RG;(BL(>9PK(:(H>9;B9N89;(M:=;(>O(;78(9:;G=8(>O( F8LH=BR8L(;78(M=>RP8J(>O(<7K(<8(<>GPF(:PP(H7>>L8(8SBP(6"11$'-'%"'(:L(YG;;8=PK(G9:HH>G9;:RP8(>9( 1:9;2L(;8=JLT` [U 1:9;I(!"#$%$&'I(\QXUT(?Y&=(BL;(S>9(*:;G=(RoL8I(78Bt;(L>SB8P(:PLQ(FB8L8L(NB;P(S>9(B7J(B9(L8B98=(^:;;G9N( R;=:H7;8;p(9BH7;(:PL(>R(L>PH78(kG:PB;s;(:GL(L8B98J(^:;;G9NLR8N=BOO8(?F8J(8B98L(489LH789(rR8=7:GM;@( Vo998(N8O>PN8=;(<8=F89(?F899(:PLF:99( [X 1:9;(<=B;8L(;7:;(<8(H:9(H:PP(L>J8;7B9N(?B9(;7BL(H:L8I(:(M=>M89LB;K(;>(8SBP@(9:;G=:P(;>(7GJ:9(R8B9NL(BO(<8( H:9(:LLGJ8(;7:;(;7:;(O8:;G=8(YR8P>9NL(;>(;78(7GJ:9(R8B9N(G9BS8=L:PPK(?:9F(789H8(;>(;78(H7:=:H;8=(>O(7BL( LM8HB8L@`(?Y:PL(:PPN8J8B9(eGJ(489LH789(?:PL>(:PL(eGJ(!7:=:V;8=(L8B98=(^:;;G9N@`@(?!"#$%$&':(\QUD@T( [E 1:9;I(!"#$%$&':(\QXAT*1:9;(:PL>(F8OB98L(:(M=>M89LB;K(:L(Y;78(LGR]8H;BS8(N=>G9F(>O(;78(M>LLBRBPB;K(>O(:9( B9HPB9:;B>9(?7:RB;G:P(F8LB=8I(F&'F-A$1F"'*$/@I(B9L>O:=(:L(;7BL(M>LLBRBPB;K(BL(H>9;B9N89;(O>=(7GJ:9B;K(B9( N898=:P`(?YS8=L;878(BH7(F89(LGR]8V;BS89(^=G9F(F8=(4oNPBH7V8B;(8B98=(*8BNG9N(?7:RB;G8PP89(a8NB8=F8I( F&'F-A$1F"'*$/@`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`( D+"(C+$#&1&A+$F/#(P&0-E(X_T(XT(?Ucc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gGB=8F(O>=(B;(:L(<8PP(:L(;78( O>=JL(>O(;78B=(H>JRB9:;B>9(;7:;(J:V8(O>=(LGH7(:(R8B9NT`[C(a8H:GL8(;78L8(M:=;L(:=8(=8gGB=8F( O>=(;78(R8B9N(;>(R8(;78(VB9F(>O(R8B9N(;7:;(B;(BLI(;78L8(M:=;L(JGL;(R8(OBW8F(B9(B;L(9:;G=8I(M=B>=( ;>(>G=(8W8=HBL8(>O(O=88F>JT[_(%78K(H:99>;(R8(=8J>S8FT(#L(^>=F>9(&T(4BH7:PL>9(<=B;8LI( Y%78(9>;B>9(>O(:(2M=8FBLM>LB;B>92(BL(1:9;2L(<:K(>O(;:PVB9N(:R>G;(R:LBH(7GJ:9(9:;G=8(:L(B;(BL( M=B>=(;>(:9K(:H;G:P(8W8=HBL8(>O(O=88F>JT(68(:=8(9>;(2=8:PPK2(<7:;(<8(8LL89;B:PPK(:=8(G9;BP( <8(8W8=HBL8(>G=(O=88F>Jp(RG;(<8(:=8(1&E"*+$'%(M=B>=(;>(;7:;(M>B9;I(:9F(;78(BF8:(>O(:9( >=BNB9:P(M=8FBLM>LB;B>9(89:RP8L(1:9;(;>(J:M(>G;(<7:;(;7:;(BLT`[D!4>=8(LM8HBOBH:PPKI(1:9;( HP:BJL(;7:;(<8(7:S8(:(M=8FBLM>LB;B>9(;>(N>>F(B9(>G=(9:;G=8I(<7BH7(78(FBSBF8L(B9;>(;7=88( VB9FLT((&:H7(=8P:;8L(;>(:(FBOO8=89;(:LM8H;(>O(7GJ:9B;KT(%78L8(:=8(;78(M=8FBLM>LB;B>9(;>( :9BJ:PB;KI(;78(M=8FBLM>LB;B>9(;>(7GJ:9B;K(?:L(:(PBSB9N(:9F(=:;B>9:P(R8B9N@I(:9F(;78( [[ 1:9;I(!"#$%$&':(\QUDT [\ +RBF:(\QU_T [C +RBF:(\QU_T [_ 4BH7:PL>9I(Y%78(+9LH=G;:RBPB;K(>O(4>=:P(&SBP(B9(1:9;I`(U[[T [D 4BH7:PL>9I(Y%78(+9LH=G;:RBPB;K(>O(4>=:P(&SBP(B9(1:9;I`(U[XT U\ M=8FBLM>LB;B>9(;>(M8=L>9:PB;K(?:L(:(=:;B>9:P(:9F(=8LM>9LBRP8(R8B9N@T\c(%78L8(M=8FBLM>LB;B>9L( :=8(:PP(R>;7(98N:;BS8PK(N>>FI(B9(;78(L89L8(;7:;(;78K(YF>(9>;(=8LBL;(;78(J>=:P(P: M>LB;BS8PK(N>>FI(B9(;7:;(;78K(YF8J:9F(H>JMPB:9H8( "><8S8=I(;78(J8=8(M=8L89H8(>O(;7BL(M=8FBLM>LB;B>9(;>(N>>F(F>8L(9>;(J8:9(;7:;(<8( :H;G:PPK(:=8(J>=:PPK(N>>FT\U(68(H:9(H7>>L8(<78;78=(;>(F>(N>>F(;7B9NL(>=(8SBP(;7B9NL( ;78JT\X(.>=(8W:JMP8I(>G=(M=8FBLM>LB;B>9(;>(7GJ:9B;K(89;:BPL(:(9:;G=:P(L8POh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c 1:9;I(!"#$%$&':(\QU\T \A +RBF:(\QU_T \U .B=8L;>98(:9F(b:H>RLI(H'(4"2"'1"(&2(>/'*M1(!"#$%$&':(=8O8=(;>(M=8FBLM>LB;B>9L(:L(Y9:;G=:P(B9HPB9:;B>9LI( <7BH7(J:V8(GL(LGLH8M;BRP8(;>(;78(F=:<(>O(H8=;:B9(B9H89;BS8L`(?AXE@T(%78K(HP:=BOK(;7:;(J8=8PK(7:SB9N( ;78L8(B9HPB9:;B>9L(F>8L(9>;(F8;8=JB98(>G=(M><8=(>O(H7>BH8T(#FFB;B>9:PPKI(4BH7:PL>9I(Y%78(+9LH=G;:RBPB;K( >O(4>=:P(&SBP(B9(1:9;I`(M>B9;L(>G;(;7:;(;7BL(B9;=>FGH;B>9(:PP> \X 1:9;I(!"#$%$&':(\QU_T \E +RBF:(\QUCT UC ;7:;(BL(OBW8F(B9(>G=(9:;G=8(O=>J(RB=;7(M=B>=(;>(>G=(OB=L;(GL8(>O(O=88F>JI(RG;(<8(H:9(O=88PK( H7>>L8(7><(;>(GL8(;7:;(B9HPB9:;B>9(;7:;(BL(M=8L89;(B9(>G=(9:;G=8T(#P;8=9:;BS8PKI(:(M=>M89LB;K( BL(>9PK(M=8L89;(B9(>G=(9:;G=8(;7=>GN7(:9(8W8=HBL8(>O(O=88F>J(:9F(;78=8O>=8(H>GPF(9>;(R8( M=8L89;(B9(>G=(9:;G=8(O=>J(RB=;7T 67BP8(M=8FBLM>LB;B>9L(:=8(OBW8F(M:=;L(>O(>G=(9:;G=8(;7:;(<8(O=88PK(H7>>L8(7><(;>( G;BPBe8I(M=>M89LB;B8L(>9PK(8WBL;(B9(>G=(9:;G=8(R8H:GL8(<8(O=88PK(H7>L8(;78J(;>(R8(M:=;(>O( >G=(9:;G=8T(1:9;(;7B9VL(;7:;(<8(7:S8(B9(>G=(9:;G=8(:(M=>M89LB;K(;>(8SBPI(>=(Y;78(LGR]8H;BS8( N=>G9F(>O(;78(M>LLBRBPB;K(>O(:9(B9HPB9:;B>9I`(B9(;7BL(H:L8I(>O(;78(M>LLBRBPB;K(>O(H7>>LB9N( 8SBPT\[(1:9;(;7B9VL(;7:;(<8(7:S8(;7=88(VB9FL(>O(M=>M89LB;B8L(;>(8SBPQ\\(O=:BP;KI(>=(;78(YN898=:P( <8:V98LL(>O(;78(7GJ:9(78:=;(B9(H>JMPKB9N(M;8F(J:WBJLI`\C(BJMG=B;KI(>=(Y;78( M=>M89LB;K(;>(:FGP;8=:;8(J>=:P(B9H89;BS8L(=:P(>98LI`\_(:9F(M8=S8=LB;KT(+;(BL(;7BL( ;7B=F(VB9FI(M8=S8=LB;K(>O(;78(78:=;I(;7:;(1:9;(BL(H>9H8=98F(O(=:FBH:P(8SBPT( 6789(:(M8=L>9(7:L(:(M=>M89LB;K(;>(8SBP(B9(;7BL(L89L8I(L78(7:L(Y;78(M=>M89LB;K(>O(;78(M><8=( >O(H7>BH8(;>(J:WBJL(;7:;(LGR>=FB9:;8(;78(B9H89;BS8L(>O(;78(J>=:P(P:<(;>(>;78=L(?9>;(J>=:P( >98L@T`\D(+9(L7>=;I(;7BL(J8:9L(;7:;(7GJ:9L(7:S8(:(YH>9;B9N89;`Cc(;89F89HK(;>(=8S8=L8(;78( M=>M8=(>=F8=(>O(J:WBJL(RK(M=B>=B;BeB9N(J:WBJL(>O(L8POhP>S8(:R>S8(J:WBJL(>O(FG;KT \[ +RBF:(\QUDT \\ +;(BL(BJM>=;:9;(;>(9>;8(;7:;(1:9;(FBL;B9NGBL78L(R8;<889(;<>(VB9FL(>O(M=>M89LB;B8LQ(M7KLBH:P(:9F(J>=:P( ?!"#$%$&':(\QXA@T(68(H:99>;(R8(78PF(=8LM>9LBRP8(O>=(M7KLBH:P(M=>M89LB;B8LI(<7BH7(:=8(M=>M89LB;B8L(YR:L8F( >9(L89>=K(B9FGH8J89;`(?!"#$%$&':(\QXA@I(R8H:GL8(;78K(>9PK(M8=;:B9(;>(GL(:L(9:;G=:PI(=:;78=(;7:9(J>=:P( R8B9NLT(%7:;(BLI(<8(H:99>;(O=88PK(H7>>L8(<78;78=(;>(7:S8(;78L8(M=>M89LB;B8LT(%78(M=>M89LB;B8L(;7:;(+(:J( LM8:VB9N(>O(B9(;7BL(H7:M;8=(:=8I(;78=8O>=8I(J>=:P(M=>M89LB;B8LI(O>=(<7BH7(<8(:=8(78PF(=8LM>9LBRP8T \C 1:9;I(!"#$%$&':(\QUDT \_ +RBFT \D +RBFI(\QXcT Cc +RBFI(\QUDT U_ +9(>=F8=(;>(J:V8(;7BL(H>9;B9N89;(;89F89HK(M:=;(>O(>G=(9:;G=8(:L(7GJ:9LI(7GJ:9L( JGL;(O=88PK(H7>>L8(;>(F>(L>T(1:9;(<=B;8L(;7:;(<8(H7>>L8I(RK(J8:9L(>O(>G=(S$##;X0:( <78;78=(;>(J:V8(;7BL(;89F89HK(>G=(J>L;(OG9F:J89;:P(J:WBJI(>=(6"1$''-'%:(>=(9>;TCA(%7:;( BLI(<8(F8HBF8(<78;78=(;>(J:V8(:(J8=8(;89F89HK(;>(=8S8=L8(;78(M=>M8=(>=F8=(>O(B9H89;BS8L( B9(>G=(J:WBJhJ:VB9N(B9;>(:(OG9F:J89;:P(M=B9HBMP8(;7:;(L7:M8L(>G=(H7>BH8(>O(:PP(P><8=( J:WBJLI(>=I(B9(>;78=(<>=FLI(B9;>(>G=(6"1$''-'%T(%7BL(H7>BH8(7:L(H>9L8gG89H8L(O>=(>G=( S$##;X0=(+O(<8(H7>>L8(;>(J:V8(;78(M=>M89LB;K(;>(8SBP(>G=(6"1$''-'%:(>G=(S$##;X0(R8H>J8L( B9H:M:RP8(>O(:F>M;B9N(;78(J>=:P(P:<(:L(;78(B9H89;BS8(O>=(H7>BH8L(B9(M:=;BHGP:=(H:L8LI(:( L;:;8(<7BH7(1:9;(H:PPL(7:SB9N(:9(Y8SBP(78:=;T`(+O(<8(F>(9>;(H7>>L8(;>(F>(L>I(1:9;(L:KL(;7:;( <8(:=8(L;BPP(H:M:RP8(>O(H7>>LB9N(J>=:PPK(<>=;7K(J:WBJL(B9(H:L8L(:9F(;7GL(7:S8(:(YN>>F( 78:=;T`CU( %78(:R>S8(FBLHGLLB>9(H:9(P8:F(;>(L>J8(H>9OGLB>9(=8N:=FB9N(;78(FBOO8=89H8( R8;<889(;78(M=>M89LB;K(;>(8SBP(:9F(;78(6"1$''-'%(R8H:GL8(;78K(:MM8:=(;>(R8(F8OB98F(B9( 8W;=8J8PK(LBJBP:=(<:KL=(+9(O:H;I(;78=8(:=8(89>GN7(LBJBP:=B;B8L(R8;<889(;78L8(;<>(H>9H8M;L( O>=(J:9K(;7B9V8=L(;>(:=NG8(;7:;(1:9;(GL8L(;78(;8=JL(YM=>M89LB;K`(:9F(^6"1$''-'%[( B9;8=H7:9N8:RPKTCX(#L(<82S8(L889(B9(;78(:R>S8(FBLHGLLB>9(>O(;78(6"1$''-'%I(;78(M:=;(>O( 7GJ:9L(;7:;(L8=S8L(:L(;78(N=>G9F(>O(;78(M>LLBRBPB;K(>O(8B;78=(F8SB:;B9N(O=>J(>=(:F78=B9N(;>( ;78(J>=:P(P:<(BL(>982L(J>L;(OG9F:J89;:P(J:WBJI(>=(6"1$''-'%T(+9F88FI(<789(F8LH=BRB9N( ;78(M=>M89LB;K(;>(8SBPI(1:9;(GL8L(P:9NG:N8(;7:;(L>G9FL(S8=K(LBJBP:=(;>(;78(<:K(78( CA 388($:PJgGBL;I(B9;=>FGH;B>9I(WWST CU 1:9;I(!"#$%$&':(\QUDT CX 388($:GP(.>=J>L:I(Y1:9;(>9(;78(':FBH:P(&SBP(>O("GJ:9(*:;G=8I`(UUEp("89=K(#PPBL>9I(>/'*M1(D+"&0B(&2( P0"".&EI(A[Xp(:9F(4:;;78<(!:L<8PPI(Y1:9;2L(!>9H8M;B>9(>O(;78("BN78L;(^>>FI(;78(6"1$''-'%:(:9F(;78( %78>=K(>O(':FBH:P(&SBPI`(>/'*_O*-.$"'(DCT(UT(?Ucc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e8L(J:WBJL(>O(L8POhP>S8(:R>S8(J:WBJL(>O(FG;KI( ;7>GN7(>982L(6"1$''-'%(<>GPF(R8(:(H>JJB;J89;(;>(F>B9N(;78(>MM>LB;8T "><8S8=I(1:9;(F>8L(;7B9V(;7:;(<8(G9BS8=L:PPK(H7>>L8(;>(J:V8(>G=(M=>M89LB;K(;>( 8SBP(>G=(6"1$''-'%=(6789(<8(H7>>L8(;>(7:S8(:9(8SBP(6"1$''-'%:(<8(H7>>L8(;>(J:V8(>G=( M=>M89LB;K(;>(8SBPI(>=(>G=(;89F89HK(;>(M=B>=B;Be8(J:WBJL(>O(L8POhP>S8(:R>S8(J:WBJL(>O( FG;KI(>G=(J>L;(OG9F:J89;:P(J:WBJT(-9PBV8(:(M=8FBLM>LB;B>9I(;7BL(M=>M89LB;K(;>(8SBP( H:99>;(R8(OBW8F(B9(>G=(9:;G=8(M=B>=(;>(>G=(OB=L;(GL8(>O(O=88F>JT(':;78=I(B;(>9PK(8WBL;L(B9(>G=( CE 1:9;I(!"#$%$&':(\QXAT(?YTTT^8R=:GH7(F8=(.=8B78B;(N8P;89I(<>=FG=H7(FB8(>R8=L;8(4:WBJ8(?F8J(^8L8;e8( N8Jst8(>F8=(eG F8;8=JB98F(<789(<8(>G=L8PS8L(F8;8=JB98(B;T(%7BL(BL(<7:;(1:9;(J8:9L(<789(78(L:KL(;7:;(:( M=>M89LB;K(YH:9TTTR8(;7>GN7;(>OTTT?BO(8SBP@(:L(50&-%+*(RK(;78(7GJ:9(R8B9N(-A&'(7BJL8POT`C[( #L(+( :(LM8HBOBH(L89L8I(OBW8F(B9(>G=(9:;G=8I(B9(;7:;(<8(H:99>;(=8J>S8(B;(RK(>G=(><9(M><8=LT(+9( ;7BL(L89L8I(B;(BL(J>=8(;7:9(:(H>9;B9N89;(;89F89HK(RG;(:9(B99:;8(M:=;(>O(>G=(9:;G=8(:L( 7GJ:9LT #L(<8(H:9(L88(J>=8(HP8:=PK(9>;(R8(GLB9N(;78(;8=J(YB99:;8`(B9(;78( L:J8(<:K(B9(;78(H:L8(>O(M=8FBLM>LB;B>9L(:9F(M=>M89LB;B8LT(#P;7>GN7(1:9;(HP:BJL(;7:;(R>;7( :=8(B99:;8(O8:;G=8L(>O(7GJ:9(9:;G=8I(7GJ:9L(:=8(B9(L>J8(<:K(=8LM>9LBRP8(O>=(M=>M89LB;B8L( B9(:(<:K(;7:;(;78K(:=8(9>;(=8LM>9LBRP8(O>=(M=8FBLM>LB;B>9LT($=8FBLM>LB;B>9L(:=8(B99:;8( B9L>O:=(:L(;78K(:=8(8LL89;B:P(;>(;78(H>9H8M;(>O(7GJ:9(R8B9NL(:9F(;78K(:=8(;7GL(O8:;G=8L( ;7:;(<8(:=8(R>=9(M89LB;B8LI(>9(;78(>;78=(7:9FI(:=8(B99:;8(RG;(YH>9;B9N89;(O>=( 7GJ:9B;K(B9(N898=:PT`C\(6B;7>G;(;78(M=>M89LB;K(;>(8SBPI(:(R8B9N(H:9(L;BPP(R8(H>9LBF8=8F(:( 7GJ:9T(#L(1:9;(F8LH=BR8L(B;I(M=8FBLM>LB;B>9L(:=8(Y>=BNB9:P`(;>(7GJ:9L(B9L>O:=(:L(Y;78K( R8P>9N((;78(M>LLBRBPB;K(>O(;7BL(R8B9NI`(:9F(M=>M89LB;B8L(:=8(YH>9;B9N89;`( B9L>O:=(:L(Y;78(R8B9N(B9(gG8L;B>9(BL(M>LLBRP8(B9(B;L8PO(:PL>(G;(;78JT`CC(*>;7B9N(:R>G;( ;78(H>9H8M;(>O(:(7GJ:9(R8B9N(=8gGB=8L(:(M=>M89LB;K(;>(8SBPI(;789TC_ C[ +RBFI(\QUDT C\ +RBFI(\QUDT CC +RBFI(\QU_T C_ (388(!"#$%$&':(\QUDT(Y-9;8=(8B98J(":9N8(?A0&A"'1$&W(S8=L;878(BH7(F89(LGR]8V;BS89(^=G9H7(F8=( 4oNPBH7V8B;(8B98=(*8BNG9N(?7:RB;G8PP89(a8NB8=F8I(F&'F-A$1F"'*$/W:(L>O8=9(LB8(Or=(FB8(489LH778B;( rR8=7:GM;(eGOsPPBN(BL;T(&=(G9;8=LH78BF8;(LBH7(F:=B9(S>9(8B98=(#9NP:N8I(F:t(8=(e<:=(:9N8R>=89(L8B9(V:99I( :R8=(F>H7(9BH7;(:PL(L>PH78=(S>=N8L;8PP;(<8=F89(F:=OI(L>9F8=9(:GH7(?<899(8=(NG;(BL;@(:PL(8=<>=R89(>F8=( ?<899(8=(RoL8(BL;@(:PL(S>9(F8J(489LH789(L8PRL;(LBH7(eGN8e>N89(N8F:H7;(<8=F89(V:99T(&L(BL;(:R8=(7B8=( 9G=(S>J(":9N8(eGJ(&BN89;PBH7(d(FTBT(eGJ(4>=:PBLH7haoL89I(FB8('8F8p(<8PH78LI(F:(8L(9G=(:PL( XA +O(:(M=>M89LB;K(;>(8SBP(BL(9>;(8LL89;B:P(;>(;78(H>9H8M;(>O(7GJ:9B;K(:9F(BL(L>J8;7B9N( ;7:;(<8(R=B9N(:R>G;(;7=>GN7(>G=(><9(O=88(H7>BH8I(B;(BL(G9HP8:=(<7K(1:9;(HP:BJL(;7:;(B;(BL( M:=;(>O(7GJ:9(9:;G=8T(+;(BL(H8=;:B9PK(9>;(B99:;8(;>(7GJ:9(9:;G=8(B9(;78(<:K(<8(;KMBH:PPK( G9F8=L;:9F(;7BL(;8=JI(:L(L>J8;7B9N(M=8L89;(O=>J(RB=;7T(#(HP>L8=(:9:PKLBL(>O(;78(<:K(1:9;( GL8L(;78(;8=J(YRK(9:;G=8I`(<789(78(;:PVL(:R>G;(;78(M=>M89LB;K(;>(8SBPI(H:9(=8S8:P(<7K(;7BL( BL(;78(H:L8T(%7=>GN7>G;(;78(L8H;B>9(B9(;78(!"#$%$&'(>9(;78(M=>M89LB;K(;>(8SBPI(1:9;( LM8HBOB8L(<7K(78(GL8L(;7BL(;8=JT(.B=L;I(1:9;(HP:=BOB8L(7BL(GL8(>O(;78(;8=J(YRK(9:;G=8`(<789( 78(<=B;8L(;7:;I( +;( 1:9;(8gG:;8L(7BL(GL8(>O(;78(;8=J(Y<>S89(B9;>(7GJ:9(9:;G=8`(J8(L>=;(>O( G9BS8=L:PB;K(B9(7GJ:9LT(%7:;(BLI(78(BL(HP:BJB9N(;7:;I(BO(8S8=K(LB9NP8(7GJ:9(R8B9N(O=88PK( H7>>L8L(:9(8SBP(6"1$''-'%(?:(HP:BJ(<7BH7(=8gGB=8L(J>=8(B9S8L;BN:;B>9(R8P><@I(;789(<8( H:9(L:K(;7:;(;7BL(M=>M89LB;K(BL(:(M:=;(>O(7GJ:9(9:;G=8T(a8H:GL8(1:9;(F>8L(;7B9V(;7:;(8S8=K( 7GJ:9(H7>>L8L(;7BLI(78(H>9HPGF8L(;7:;(B;(BL(M:=;(>O(7GJ:9(9:;G=8T &S89(BO(1:9;2L(M=8JBL8I(;7:;(8S8=K(7GJ:9(H7>>L8L(:9(8SBP(6"1$''-'%I(BL(;=G8I(B;(BL( 9>;(HP8:=(<7K(1:9;(;7B9VL(;7:;(G9BS8=L:PB;K(:9F(B99:;898LL(;>(7GJ:9(9:;G=8(Y78=8(:J>G9;L( ;>(;78(L:J8(;7B9NT`(68(H:9(OB9F(L>J8(HP:=BOBH:;B>9(O>=(;7BL(BO(<8(H>9;B9G8(>9(B9(;78( a8L;BJJG9N(F8=(O=8B89(6BPPVr=(JoNPBH7(BL;I(FB8L8(:R8=(:PL(NG;(>F8=(RoL8(9G=(FG=H7(B7=8(4:WBJ89( R8G=;8BP;(<8=F89(V:99I(B9(F8J(LGR]8V;BS89(^=G9F8(F8=(4oNPBH7V8B;(F8=(#R<8BH7G9N(F8=(4:WBJ89(S>J( J>=:PBLH789(^8L8;e8(R8L;8789(JGt(G9FI(<899(FB8L8=(L8B98=(^:;;G9N@(N87o=BN(:9N89>JJ89(<8=F89( F:=OI(8B9(9:;r=PBH78=(":9N(F8L(489LH789(eGJ(aoL89(N899:9;(<8=F89( CD +RBFI(\QXcT(?Y4:9(F8=I(<8PH78L(78B=(F:LL8PR8(R8F8G;8;I(F:t(8=(JB;(F8=(J89LH7PBH789(*:;G=( S8=<8R;(L8BI(R8 ;8=JLT(.B=L;I(1:9;(L:KL(;7:;(78(=8O8=L(;>(;78(M=>M89LB;K(;>(8SBP(:L(B99:;8(R8H:GL8I(>9H8( H7>L89I(B;(H:99>;(R8(8=:FBH:;8F(O=>J(7GJ:9(9:;G=8T("8(<=B;8L(;7:;(;78(M=>M89LB;K(;>(J>=:P( 8SBP(BL(L:BF(;>(R8(B99:;8(YR8H:GL8(B;(H:99>;(R8(8=:FBH:;8F(?O>=(;78(LGM=8J8(J:WBJ(O>=(;7:;( <>GPF(7:S8(;>(R8(;78(J:WBJ(>O(;78(N>>FI(<78=8:L(B9(;7BL(M=>M89LB;K(;78(J:WBJ(7:L(R889( :LLGJ8F(;>(R8(8SBP@T`_c(%7:;(BLI(BO(8S8=K(7GJ:9(7:L(L8P8H;8F(:9(8SBP(6"1$''-'%(:9FI(>9H8( H7>L89I(B;(H:99>;(R8(=8J>S8F(O=>J(:9K>98(RK(;78B=(><9(M><8=I(;789(<8(H:9(L:K(;7:;(;78( M=>M89LB;K(;>(8SBP(BL(B99:;8(;>(7GJ:9B;KI(:L(:(N=>GMT(+;(BL(:L(;7>GN7(B;(<8=8(M:=;(>O(7GJ:9( 9:;G=8T( aG;I(1:9;(L:KLI(;7BL(BL(9>;(;78(H7B8O(=8:L>9(<7K(<8(H:PP(B;(B99:;8(B9(7GJ:9LT(%78( J:]>=(=8:L>9(BL(;7:;(Y<8(:=8(]GL;(:L(B9H:M:RP8(>O(:LLBN9B9N(:(OG=;78=(H:GL8(O>=(<7K(8SBP( 7:L(H>==GM;8F(;78(S8=K(7BN78L;(J:WBJ(B9(GLI(;7>GN7(;7BL(BL(>G=(><9(F88FI(:L(<8(:=8(O>=(:( OG9F:J89;:P(M=>M8=;K(;7:;(R8P>9NL(;>(>G=(9:;G=8T`_A*a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c +RBFI(\QXAT(?YTTT<8BP(8=(9BH7;(:GLN8=>;;8;(<8=F89(V:99(?:PL(<>eG(FB8(>R8=L;8(4:WBJ8(FB8(F8L(^G;89(L8B9( Jrt;8I(<8PH78(:R8=(B9(]898J(":9N8(L8PRL;(:PL(RoL8(:9N89>JJ89( _A +RBFI(\QXUT(?YS>=987JPBH7(:R8=I(<8BP(9Q(<:=GJ(B9(G9L(F:L(aoL8(N8=:F8(FB8(>R8=L;8(4WBJ8( S8=F8=R;(7:R8I(>RNP8BH7(FB8:L8L(N8=:F8(G9L8=8(8BN898(%:;(BL;I(8R89L><89BN(<8B;8=(8B98(-=L:H78(:9N8R89( Vo9989(:PL(S>9(8B98=(^=G9F8BN89LH7:O;I(FB8(eG(G9L8=8=(*:;G=(N87o=;T`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d(9>;(;7:;(RB=;7(B;L8PO(BL(;78(H:GL8T_U 67:;8S8=(;78(J>=:P(H7:=:H;8=(>O(>G=(7GJ:9(9:;G=8(BLI(<8(JGL;(7:S8(O=88PK(H7>L89(B;I( 1:9;(L:KLT(%78(J>=:P(H7:=:H;8=(>O(>G=(9:;G=8(BLI(>O(H>G=L8I(FBOO8=89;(O=>J(>G=(R:LBH(7GJ:9( 9:;G=8I(<7BH7(H:99>;(R8(N>>F(>=(8SBP(R8H:GL8(B;(8WBL;L(M=B>=(;>(>G=(OB=L;(GL8(>O(O=88F>JT( %7BL(BL(9>;(:(LG=M=BLB9N(FBL;B9H;B>9I(NBS89(;7:;I(O>=(1:9;I(J>=:P(<>=;7(M=8LGMM>L8L(:(O=88( H7>BH8T +9(;7BL(J>=:P(L89L8(>O(:(7GJ:9(9:;G=8I(>G=(M=8FBLM>LB;B>9(;>(N>>F(H:99>;(J:V8(GL( J>=:PPK(N>>F(RK(9:;G=8T(%7>L8(M=8FBLM>LB;B>9L(;>(N>>F(H:99>;(L8=S8(:L(:(LGR]8H;BS8(OB=L;( N=>G9F(>O(;78(:F>M;B>9(>O(J:WBJL(R8H:GL8(;78K(:=8(9>;(O=88PK(H7>L89(RK(GLT(':;78=I(;78K( 8WBL;(B9(>G=(9:;G=8(M=B>=(;>(>G=(GL8(>O(O=88F>JT()9(;78(>;78=(7:9FI(R8H:GL8(<8(7:S8( M=>M89LB;B8L(;>(8SBP(;7:;(1:9;(HP:BJL(8S8=K(7GJ:9(7:L(O=88PK(H7>L89(;>(7:S8I(;789(>G=( 7GJ:9(9:;G=8(BL(J>=:PPK(8SBPI(B9(;78(L89L8(;7:;(:9(8SBP(J:WBJ(d(>G=(8SBP(6"1$''-'%(h( L8=S8L(:L(;78(LGR]8H;BS8(OB=L;(N=>G9F(>O(;78(:F>M;B>9(>O(J:WBJLT(1:9;(BL(H>JJB;;8F(;>( L:KB9N(;7:;(;78(M=>M89LB;K(;>(8SBP(BL(>9PK(B99:;8(;>(7GJ:9(9:;G=8(B9(;7BL(M:=;BHGP:=(J>=:P( J8:9B9N(d(=:;78=(;7:9(B9(;78(L89L8(;7:;(B;(BL(B99:;8(O=>J(RB=;7(h(R8H:GL8(>O(;78(=>P8(>O( _U +RBFI(\QUUT(?Y?:PL(F8=(LGR]8V;BS8(8=L;8(^=G9F(F8=(#9987JG9N(FB8L8=(>F8=(]898=(4:WBJ8(B9(#9L87G9N(F8L( J>=:PBLH789(^8L8;e8L@(RP>t(B9(F8J(3B998(:9N8R>=F89I(:PL(8L(S>=(:PP8J(B9(F8=(&=O:7=G9N(N8N8R8989( ^8R=:GH78(F8=(.=8B78B;(?B9(F8=(O=r78L;89(bGN89F(RBL(eG=(^8RG=;(eG=rHV@(eGJ(^=G9F8(N8P8N;(( :PL(JB;(F8=(^8RG=;(eGNP8BH7(BJ(489LH789(S>=7:9F89(S>=N8L;8PP;(9(L8BT`@ XE 7GJ:9(O=88F>J(B9(B;L(:Hg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`( 78(<=B;8L(:9F(N>8L(>9(;>(HB;8(J:9K(8W:JMP8L(>O(H=G8P;K(:9F(8SBP(7GJ:9(:H;B>9LT_E("BL(OB=L;( :=NGJ89;(BLI(B9(L7>=;I(;7:;(<8(F>92;(988F(:(O>=J:P(M=>>O(O>=(;78(G9BS8=L:PB;K(>O(=:FBH:P(8SBP( R8H:GL8(7GJ:9(:H;B>9L(;7=>GN7>G;(7BL;>=K(L7><(GL(;7:;(B;(JGL;(R8(;=G8T 67BP8(;7BL(8JMB=BH:P(:=NGJ89;(J:K(78PM(;>(8WMP:B9(;7:;(J:9KI(>=(8S89(J>L;I( M8>MP8(F>(H7>>L8(:9(8SBP(6"1$''-'%I(B;(F>8L(9>;(LGOOBHB89;PK(LGMM>=;(7BL(HP:BJ(>O( G9BS8=L:PB;KT(#L(!7=BL(/T(.B=8L;>98(:9F(*:;7:9(b:H>RL(MG;(B;Q TTT1:9;(H:9(=8:L>9:RPK(LGNN8L;(;7:;(B;(1""E1(J>L;(H7>>L8(8SBPp(78(H:9(8S89(L:K(;7:;( ;7BL(1""E1(;>(R8(;78(J>L;(H>JJ>9(7GJ:9(H7>BH8p(RG;(1:9;(H:99>;(:LL8=;(;7:;( _X (388($:GP(.>=J>L:I(Y1:9;(>9(;78(':FBH:P(&SBP(>O("GJ:9(*:;G=8I`(<78=8(78(HP:BJL(;7:;(1:9;(7:L(9>;( NBS89(LGH7(:(M=>>O(R8H:GL8(B;(BL(BJM>LLBRP8(;>(NBS8T(#PL>(L88(38B=B>P(4>=N:9I(Y%78(4BLLB9N(.>=J:P($=>>O( >O("GJ:9B;K2L(':FBH:P(&SBP(B9(1:9;2L(2'8PBNB>9I2`(D+"(C+$#&1&A+$F/#(!"K$")(AAET(AT(?b:9TI(Ucc[@T("8=8I( 4>=N:9(HP:BJL(;7:;I(:P;7>GN7(1:9;(7:L(9>;(NBS89(LGH7(:(M=>>OI(>98(H:9(=8H>9L;=GH;(>98(RK(F8PSB9N(B9;>( ;78(!"#$%$&'= _E (1:9;I(!"#$%$&':(\QXU(d(\QXXT(?Y,:t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`(RG;(9>;(Y;78(=8:P( 9:;G=8(>O(;7:;(M=>M89LB;K(>=(;78(N=>G9F(>O(;7BL(=8LBL;:9H8(i;78(J>=:P(P: 1:9;(HB;8L(O>=(<7K(8JMB=BH:P(8SBF89H8(H:99>;(NBS8(GL(;7BL(V9> .B=8L;>98(:9F(b:H>RL2L(>R]8H;B>9(:R>S8T(%7BL(V9> 8SBPI(1:9;(<=B;8LI(Y7:L(;>(F>(9(>O(;78(O=88(M><8=(>O(H7>BH8(?;78(H>9H8M;(>O( <7BH7(BL(9>;(8JMB=BH:P@(;>(;78(J>=:P(P:<(?>O(<7BH7(;78(H>9H8M;(BL(8gG:PPK(MG=8PK( B9;8PP8H;G:P@`(:9F(L>(;78(V9> _[ .B=8L;>98(:9F(b:H>RLI(Y+9(,8O89L8(>O(1:9;2L('8PBNB>9I`(AEET _\ 1:9;I(!"#$%$&':(\QX[T X\ 8SBPT`_C(%789I(1:9;(L:KL(;7:;(78( ( +9;8=8L;B9NPKI(9>(LGH7(F8S8P>MJ89;(O>PP> ;78(H>9H8M;(>O(8SBPI(78(F>8L(9>;(F>(L>(B9(:(<:K(;7:;(8WMPBHB;PK(LGMM>=;L(7BL(G9BS8=L:PB;K( HP:BJT(+9(O:H;I(B9(:(O>>;9>;8I(78(<=B;8L(;7:;(;78(M=>>O(BL(9>;(B9(;7BL(L8H;B>9I(RG;(B9(:( M=8SB>GL(>98T("8(H>9OB=JL(;7:;(Y8WM8=B89H8(H:9(98S8=(8WM>L8(;78(=>>;(>O(8SBP(B9(;78( LGM=8J8(J:WBJ(>O(:(O=88(M><8=(>O(H7>BH8(B9(=8P:;B>9(;>(;78(P:=I(:L($'*"##$%$5#"(F88FI( ;78(J:WBJ(M=8H8F8L(:PP(8WM8=B89H8T`__(%78(M=8SB>GL(L8H;B>9(;7:;(78(=8O8=L(;>(:MM8:=L(;>(R8( Y!>9H8=9B9N(;78($=>M89LB;K(;>(&SBP(B9("GJ:9(*:;G=8T`("><8S8=I(;78=8(F>8L(9>;(:MM8:=(;>( R8(LGH7(:(M=>>O(B9(;7BL(L8H;B>9I(8B;78=T(#L($:GP(.>=J>L:(8WMP:B9LI ,>8L(1:9;(F8PBS8=(>9(;78(M=>JBL8F(M=>>O(8PL8<78=8(B9(;78(;8W;l("8(F>8L(9>;I(:;( P8:L;(8WMPBHB;PKI(L88J(;>(F>(L>T(1:9;(F>8L(NBS8(M:=;L(>O(;78(=8gGB=8F(M=>>OI(RG;(O:BPL( ;>(8WMPBHB;PK(R=B9N(;78(J:;;8=(;>(:9K(F8OB9B;8(H>9HPGLB>9T(+9F88F(1:9;(>O;89(N>8L( >G;(>O(7BL(<:K(;>(FBLHGLL(7GJ:9B;KfL(8SBP(M=>M89LB;K(>9PK(:L(:9(G9M=>S89( M>LLBRBPB;KI(>O;89(M=8O:HB9N(7BL(=8J:=VL(;78;BH:P(YBO(`(HP:GL8I :P;7>GN7( B;(BL :PL>(HP8:=(;7:;(78(;7B9VL(>G=(8SBP(M=>M89LB;K(BL(9>;(>9PK(H>9H8M;G:PPK(M>LLBRP8I( RG; :H;G:PPK(F8LH=BR8L(>G=(7GJ:9(H>9FB;B>9T_D 6B;7>G;(LGH7(:(M=>>OI(B;(BL(G9HP8:=(7><(1:9;(B9;89FL(;>(]GL;BOK(7BL(HP:BJTDc("><8S8=I(O=>J( ;7BL(O>>;9>;8I(B9(<7BH7(78(HP:BJL(;7:;(78(7:L(NBS89(LGH7(:(M=>>OI(<8(H:9(:;(P8:L;(MB8H8( ;>N8;78=(<7:;(1:9;(;7B9VL(BL(98H8LL:=K(O>=(;7BL(M=>>OT(.>=J>L:(<=B;8L(;7:;I(O=>J(;7BL( O>>;9>;8I(<8(H:9(L88(;7:;(1:9;(F>8L(=8H>N9Be8(;7:;(78(988FL(;>(NBS8(:(O>=J:P(M=>>O(>O(7BL( _C +RBFI(\QX[(d(\QX\T __ +RBFI(\QXD9T(?YTTT<8PH78(:R8=(9B8(FB8(6G=e8P(F8L(aoL89I(B9(F8=(>R8=L;89(4:WBJ8(F8=(O=8B89(6BPPVr=(B9( a8eB87G9N(:GOL(^8L8;eI(:GOF8HV89(V:99I(FB8(:PL(B9;8PPBNBR8P8(%:;(S>=(:PP8=(&=7:O=G9N(S>=78=N87;T`@ _D .>=J>L:I(Y1:9;(>9(;78(':FBH:P(&SBP(>O("GJ:9(*:;G=8I`(UU[T Dc +9;8=8L;B9NPKI(;78(P:HV(>O(:(F8OB9B;BS8(:9L<8=(:R>G;(7BL(M=>>O(>O(=:FBH:P(8SBP(R8:=L(:(L;=>9N(LBJBP:=B;K(G;(;78(988F(O>=(:(M=>>O(>O(;78(8WBL;89H8(>O(;78(J>=:P(P: ;7:;(8WM8=B89H8(LM:=8L(GL(;78(988F(O>=(LGH7(:(M=>>OI(:9F(;7:;(78(;7B9VL(Y7BL(M=>>O(=8L;L(B9( M:=;(>9(;78(2=BN>=BL;2(SB8<(;7:;(;78=8(BL(9>(J8:9(R8;<889(:9(8SBP(:9F(:(N>>F(M=>M89LB;KT`DA a8H:GL8(;78(;8W;(B;L8PO(BL(gGB;8(G9HP8:=I(J:9K(H>JJ89;:;>=L(LM8HGP:;8(:L(;>(<7:;( 1:9;(JBN7;(R8(F>B9N(78=8T(%78K(8B;78=(;7B9V(;7:;(1:9;(7:L(7BFF89(:(M=>>O( <>=VDU(>=(;7:;(<8(H:9(NBS8(:(M=>>O(;7:;(1:9;(B9;89F8F(;>I(RG;(O>=(L>J8(=8:L>9(FBF(9>;I( B9HPGF8T(#;(P8:L;(>98(;7B9V8=I(^>=F>9(&T(4BH7:PL>9I(b=TI(7:L(H>J8(;>(;78(H>9HPGLB>9(;7:;( 1:9;(BL(G9:RP8(;>(LGMM>=;(;7BL(HP:BJTDX(4>L;(9>;:RPKI("89=K(#PPBL>9(:;;8JM;L(;>(H>9L;=GH;(:( O>=J:P(M=>>O(>9(R87:PO(>O(1:9;TDE 6B;7B9(JK(M=>]8H;I(+( :P=8:FK(7:S8(M=>SBF8F(;7>GN7;OGP(M=>>OL(:9F(F8O89L8L(>O(1:9;2L(HP:BJT("><8S8=I(+( M>LB;(:(LGNN8L;B>9I(R:L8F(>9(.>=J>L:2L(>RL8=S:;B>9L(:R>G;(1:9;2L(G9BS8=L:PB;K(HP:BJT( .>=J>L:(M>B9;L(>G;(;7:;I(<7BP8(1:9;(L:KL(;7:;(:(O>=J:P(M=>>O(BL(98H8LL:=K(O>=(7BL(HP:BJ( :9F(;7:;(78(7:L(NBS89(LGH7(:(M=>>OI(78(F>8L(9>;(;:PV(:R>G;(;78(M=>M89LB;K(;>(8SBP(:L( L>J8;7B9N(;7:;(78(7:L(M=>S89(;>(8WBL;(B9(7GJ:9L(G9BS8=L:PPKT(':;78=I(78(GL8L(LGH7( 7KM>;78;BH:P(P:9NG:N8(:L(Y;78(M=>M89LB;K(i;>(8SBPjI(BO(;78=8(BL(>98`D[(:9F(;8PPL(=8:F8=L(;7:;( Y8S8=K>98(H:9(F8HBF8(RK(7BJL8PO`(<78;78=(;78=8(BL(:(G9BS8=L:P(M=>M89LB;K(;>(8SBPTD\(67BP8( .>=J>L:(;7B9VL(;7:;(1:9;(GL8L(LGH7(P:9NG:N8(R8H:GL8(78(7:L(O:BP8F(;>(M=>S8(7BL( DA((.>=J>L:I(Y1:9;(>9(;78(':FBH:P(&SBP(>O("GJ:9(*:;G=8I`(UU_T DU**388(38B=B>P(4>=N:9I(Y%78(4BLLB9N(.>=J:P($=>>O(>O("GJ:9B;K2L(':FBH:P(&SBP(B9(1:9;2L(2'8PBNB>9T2` DX((4BH7:PL>9I(Y%78(+9LH=G;:RBPB;K(>O(4>=:P(&SBP(B9(1:9;I`(U\CT DE((#PPBL>9I(>/'*M1(D+"&0B(&2(P0"".&E:(A[[(d([CT D[((1:9;I(!"#$%$&':(\QEAT D\((+RBFI(\QXDT X_ G9BS8=L:PB;K(HP:BJIDC(;78=8(JBN7;(R8(:9>;78=(=8:L>9(;7:;(1:9;(F>8L(;7BLT +JMPBHB;(B9(1:9;2L(G9BS8=L:PB;K(HP:BJ(BL(;78(HP:BJ(;7:;(:PP(7GJ:9L(G9BS8=L:PPK( H7>>L8(;>(7:S8(:(M=>M89LB;K(;>(8SBP(R8H:GL8(B;(BL(YLGR]8H;BS8PK(98H8LL:=K`(?1-5\";*$K( '&*)"'.$%@=(#L(:PPGF8F(;>(:R>S8I(1:9;(F89B8L(;7:;(;78(M=>M89LB;K(;>(8SBP(BL(98H8LL:=K(;>( ;78(H>9H8M;(>O(7GJ:9B;K(RG;(;7:;(Y:HH>=FB9N(;>(;78(H>N9B;B>9(<8(7:S8(>O(;78(7GJ:9(R8B9N( ;7=>GN7(8WM8=B89H8I(78(H:99>;(R8(]GFN8F(>;78= 8SBP(:L(LGR]8H;BS8PK(98H8LL:=K(B9(8S8=K(7GJ:9(R8B9NI(8S89(;78(R8L;T`D_#L(<8(H:9(L88(78=8I( 1:9;(L;=8LL8L(;7:;(;78=8(BL(:(FBOO8=89H8(R8;<889(J:VB9N(:(HP:BJ(;7:;(:(gG:PB;K(BL(98H8LL:=K( :9F(;7:;(>98(BL(LGR]8H;BS8PK(98H8LL:=KT(+9F88FI(78(JGL;(J:V8(LGH7(:(FBL;B9H;B>9(R8H:GL8(>O( :9>;78=(HP:BJ(BJMPBHB;(B9(7BL(FBLHGLLB>9(>O(=:FBH:P(8SBP(d(;78(HP:BJ(;7:;(:(M=>M89LB;K(JGL;( R8(H>9;B9N89;(;>(;78(H>9H8M;(>O(7GJ:9B;KT(%7BL(FBL;B9H;B>9(BL(9>;(8WMP:B98F(78=8(B9(;78( !"#$%$&'I(RG;(;7BL(M7=:L8I(YLGR]8H;BS8PK(98H8LL:=KI`(:MM8:=L(B9(:(O8<(>;78=(>O(1:9;2L( <>=VLI(9:J8PK(;78(L8H>9F(:9F(;78(;7B=F(T0$*$I-"L=DD( +9(;78(;7B=F(T0$*$I-"I(78(8WMP:B9L(;7:;(:(LGR]8H;BS8(98H8LLB;K(BL(9>;(:(98H8LLB;K(;7:;( BL(B978=89;(B9(>G=(H>9H8M;L(RG;(BL(L;BPP(G9BS8=L:P(B9L>O:=(:L(;78=8(BL(:9(8LL89;B:P( H>998H;B>9TAcc(#FFB;B>9:PPKI(B9(;78(L8H>9F(T0$*$I-":(1:9;(GL8L(;78(;8=J(YLGR]8H;BS8( 98H8LLB;K`(;>(F8LH=BR8(;78(988F(;>(M>LB;(;78(8WBL;89H8(>O(^>FT("8(<=B;8L(;7:;(B;(BL( 98H8LL:=K(;>(M>LB;(^>F2L(8WBL;89H8I(RG;(;7:;(;7BL(BL(9>;(:9(>R]8H;BS8(98H8LLB;KT(+O(B;(<8=8(:9( >R]8H;BS8(98H8LLB;KI(<8(<>GPF(M>LB;(;78(8WBL;89H8(>O(^>F(Y:L(:(N=>G9F(>O(:PP(>RPBN:;B>9(B9( DC((.>=J>L:I(Y1:9;(>9(;78(':FBH:P(&SBP(>O("GJ:9(*:;G=8I`(UXD(d(UEcT D_((1:9;I(!"#$%$&':(\QXUT DD +JJ:9G8P(1:9;I(T0$*$I-"(&2(*+"(C&)"0(&2(G-.%E"'*:(8FT($:GP(^GK8=I(;=:9LT($:GP(^GK8=(:9F(&=BH( 4:;;78 Acc 1:9;I(!$bI([QUX\(d([QUXCT XD N898=:PT`AcA("><8S8=I(R8H:GL8(:PP(>RPBN:;B>9(=8L;L(>9(;78(:G;>9>JK(>O(=8:L>9I(;7BL(BL(9>;( 98H8LL:=KT(':;78=I(B;(BL(LGR]8H;BS8PK(98H8LL:=K(;>(M>LB;(^>F2L(8WBL;89H8(R8H:GL8(>G=(=8:L>9( H:99>;(G9F8=L;:9F(;78(M>LLBRBPB;K(>O(YL;=BSB9N(;>(M=>FGH8(:9F(M=>J>;8(;78(7BN78L;(N>>F(B9( ;78(<>=PF`(G;(M>LB;B9N(;78(8WBL;89H8(>O(LGH7(:(YLGM=8J8(B9;8PPBN89H8T`AcU(+9(;7BL( L89L8I(;789I(;78(8WBL;89H8(>O(^>F(BL(9>;(B978=89;(B9(>G=(H>9H8M;(>O(FG;KT("><8S8=I(<8( JGL;(L:K(;7:;(M>LB;B9N(;7BL(8WBL;89H8(BL(98H8LL:=K(B9(;78(L89L8(;7:;(;78=8(BL(:9(8LL89;B:P( H>998H;B>9(R8;<889(FG;K(:9F(^>F(B9L>O:=(:L(;78(M>LLBRBPB;K(>O(OGPOBPPB9N(>G=(FG;K(H:99>;( R8(H>JMP8;8PK(G9F8=L;>>F(G;(;7BL(M>LB;B9NT aK(GLB9N(;7BL(M7=:L8I(;789I(B;(L88JL(=8:L>9:RP8(;>(:LLGJ8(;7:;(1:9;(<:L( LGNN8L;B9N(;7:;(9>;7B9N(:R>G;(;78(H>9H8M;(>O(:(7GJ:9(R8B9N(:PP> ;7:;(:PP(7GJ:9L( 98H8LLB;K`(H:9(78PM(8WMP:B9(<7K(1:9;(GL8L(7KM>;78;BH:P(P:9NG:N8(:9F(;8PPL(=8:F8=L(;7:;( ;78K(JGL;(F8HBF8(O>=(;78JL8PS8L(<78;78=(;7BL(HP:BJ(BL(;=G8T(+O(;78=8(BL(:(G9BS8=L:P(=GP8(;7:;( 8S8=K(7GJ:9(B9FBSBFG:P( ;=:FB;B>9:P(M=>>OLI(;789(B;(J:V8L(L89L8(;7:;(1:9;(;8PPL(GL(;7:;(<8(8:H7(988F(;>(M=>SBF8(>G=( ><9(]GL;BOBH:;B>9(O>=(;7BL(HP:BJT(+;(BL(L>J8;7B9N(;7:;(<8(V9><(J8=8PK(LGR]8H;BS8PKI(B9L>O:=( :L(L>J8;7B9N(:R>G;(;78(H>9H8M;(>O(7GJ:9(9:;G=8I(M8=7:MLI(B9FBH:;8L(;>(GL(;7:;(;78=8(BL(:9( 8LL89;B:P(d(;7>GN7(9>;(>R]8H;BS8PK(98H8LL:=K(d(H>998H;B>9(R8;<889(7GJ:9L(:9F(;78(H7>BH8( ;>(R8(=:FBH:PPK(8SBPT 67BP8(;7BL(LGNN8L;B>9(BL(9>;(OGPPK(F8S8P>M8F(>=(F8O89F8FI(B;(L88JL(:;(P8:L;(M>LLBRP8( ;7:;(;78(GL8(>O(;78(;8=J(YLGR]8H;BS8(98H8LLB;K`(H>GPF(78PM(;>(8WMP:B9(<7K(1:9;(F89B8L(;7:;( AcA 1:9;I(!$='I([QAU\T AcU +RBFT Ec 8WM8=B89;B:P(8SBF89H8(:P>98(H:9(M=>S8(7BL(G9BS8=L:PB;K(HP:BJ(RG;(;7:;(78(O:BPL(;>(NBS8(:9( 8WMPBHB;(O>=J:P(M=>>OT("><8S8=I(+( 9><(:9F(J8=8PK(;:V8(B;(:;(O:H8(S:PG8T(#;(;7BL(M>B9;I(B;(BL(89>GN7(;>(:HV9> F>8L(R8PB8S8(7BL(HP:BJ(;>(R8(;=G8(:9F(;7:;(J:9K(;7B9V8=L(7:S8(M=>SBF8F(MP:GLBRP8(F8O89L8L( >O(;7BL(HP:BJT(6B;7>G;(L8;;PB9N(>9(>98(<:K(;>(F8O89F(;7BL(HP:BJI(<8(H:9(L;BPP(F8;8=JB98( <7K(1:9;(JBN7;(7:S8(B9;=>FGH8F(;78(H>9H8M;(>O(=:FBH:P(8SBP(B9;>(7BL(M7BP>L>M7K(:9F(B9( <7:;(<:KLI(BO(;=G8I(B;(<>GPF(H>78=8(>=(O:BP(;>(H>78=8(=:P(M7BP>L>M7KT %78($>LLBRBPB;K(>O(a8H>JB9N(4>=:PPK(^>>F 1:9;2L(HP:BJ(;7:;(:PP(7GJ:9L(:=8(=:FBH:PPK(8SBPI(:L(9>;8F(:R>S8I(H=8:;8L(:(L8=B>GL( M=>RP8J(O>=(7BL(J>=:P(M7BP>L>M7KT("8(HP:BJL(;7:;(8S8=K(7GJ:9(M=B>=B;Be8L(B9H89;BS8L(>O( B9HPB9:;B>9(:R>S8(;78(B9H89;BS8(>O(;78(J>=:P(P: BJM>LLBRP8(O>=(7GJ:9L(;>(R8H>J8(J>=:PPK(N>>F(R8H:GL8(;78K(:=8(G9:RP8(;>(:H;(GM>9(N>>F( J:WBJLTAcX(+;(BL(8LL89;B:P(;7:;(7GJ:9L(:=8(:RP8(;>(R8H>J8(J>=:PPK(N>>F(R8H:GL8(B;(BL(<7:;( ;78(J>=:P(P:<(H>JJ:9FL(>O(GLI(:9F(;78(=8:PB;K(>O(=:FBH:P(8SBP(F>8L(9>;(H7:9N8(;7BL( H>JJ:9FTAcE(1:9;(HP:BJL(;7:;(;78(>GN7;(>O(;78(J>=:P(H>JJ:9F(BJMPB8L(;7:;(<8(H:9( :HH>JMPBL7(<7:;(BL(H>JJ:9F8FTAc[(6B;7>G;(;7BL(:RBPB;KI(;78(H>JJ:9F(BL(J8:9B9NP8LLT +9F88FI(;78(HP:BJ(;7:;(:PP(7GJ:9L(7:S8(8SBP(6"1$''-'%"'(:MM8:=L(;>(J:V8(;78( H>JJ:9F(;>(R8H>J8(J>=:PPK(N>>F(J8:9B9NP8LLT(#(M8=L>9( M8=O>=J(:H;B>9L(;7:;(:MM8:=(;>(R8(N>>FI(B9L>O:=(:L(;78K(:=8(B9(:HH>=F:9H8(=:P( P:<(?;7:;(BLI(;78K(:=8(;78(L:J8(:H;B>9L(;7:;(;78(J>=:P(P:<(<>GPF(;8PP(GL(;>(F>@I(RG;(LGH7(:( AcX 678;78=(B;(BL(:H;G:PPK(;=G8(;7:;(=:FBH:PPK(8SBP(7GJ:9L(H:99>;(:H;(>9(N>>F(J:WBJL(BL(:9(BLLG8(;7:;(+( AcE 388(1:9;:(!"#$%$&':(\Q[c(d(\Q[AT Ac[ +RBFI(\QE[T EA M8=L>9(H:9(98S8=(:H;G:PPK(M8=O>=J(:(N>>F(:H;B>9T(%7BL(BL(R8H:GL8(:(N>>F(:H;B>9(=8g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c\(%7BL(BL(R8H:GL8(;78(J>=:P(>GN7;(8WBL;L(B9( >G=(=8:L>9T("8(8WMP:B9LI(Y.>=I(B9(LMB;8(>O(;7:;(O:PP(i;>(8SBPjI(;78(H>JJ:9F(;7:;(<8(&-%+*(;>( R8H>J8(R8;;8=(7GJ:9(R8B9NL(L;BPP(=8L>G9FL(G9:R:;8F(B9(>G=(L>GPLp(H>9L8gG89;PKI(<8(JGL;( :PL>(R8(H:M:RP8(>O(B;I(8S89(BO(<7:;(<8(F>(BL(>O(B;L8PO(B9LGOOBHB89;(:9FI(RK(SB=;G8(>O(B;I(<8( >9PK(J:V8(>G=L8PS8L(=8H8M;BS8(;>(:(7BN78=(:LLBL;:9H8(B9LH=G;:RP8(;>(GLT`AcC(67:;(1:9;(BL( LGNN8L;B9N(78=8(BL(;7:;(;78=8(BL(:(<:K(;>(>S8=H>J8(8SBPI(8S89(BO(<8(H:99>;(BF89;BOK( H:M:HB;B8L(G=L8PS8L(;7:;(<>GPF(J:V8(B;(M>LLBRP8T(#L(<8( 1:9;2L(L>PG;B>9(=8L;LI(B9(M:=;I(GM>9(7BL(LGNN8L;B>9(;7:;(L>J8(VB9F(>O(LGM8=h7GJ:9( Ac\ 1:9;(:LVLI(YaG;I(LB9H8(RK(>G=(M=8SB>GL(:FJBLLB>9(:(;=88(<7BH7(<:L(?B9(B;L(M=8FBLM>LB;B>9@(>=BNB9:PPK( N>>F(FBF(R=B9N(O>=;7(R:F(O=GB;LI(:9F(LB9H8(;78(O:PP(O=>J(N>>F(B9;>(8SBP(?BO(<8(L8=B>GLPK(H>9LBF8=(;7:;(8SBP( >=BNB9:;8L(O=>J(O=88F>J@(BL(9>(J>=8(H>JM=8789LBRP8(;7:9(;78(:LH89;(O=>J(8SBP(R:HV(;>(;78(N>>FI(;789( ;78(M>LLBRBPB;K(>O(;7BL(P:L;(H:99>;(R8(FBLMG;8F`(?!"#$%$&':(\QEE(d(\QE[@T(?Y,:(:R8=(F>H7(9:H7(F8J(S>=78=( :RN8P8N;89(^8L;s9F9BLL8(8B9(G=LM=r9NPBH7(?F8=(#9P:N8(9:H7@(NG;8=(a:GJ(:=N8(.=rH7;8(78=S>=N8R=:H7;( 7:;(G9F(F8=(08=O:PP(S>J(^G;89(B9L(aoL8(?<899(J:9(<>7P(R8F89V;I(F:t(:GL(F8=(.=8B78;(89;LM=B9N;@(9BH7;( R8N=8BOPBH78=(BL;(:PL(F:L(6BF8=:GOL;8789(:GL(F8J(aoL89(eGJ(^G;89I(L>(V:99(FB8(4oNPBH7V8B;(F8L( P8;e;8=89(9BH7;(R8L;=B;;89(<8=F89T`@ AcC 1:9;I(!"#$%$&':(\QE[T(Y,899(G9N8:H7;8;(]898L(#RO:PPL(8=LH7:PP;(F>H7(F:L(^8R>;Q(PP89(R8LL8=8( 489LH789(<8=F89I(G9S8=JB9F8=;(B9(G9L8=8=(388P8p(O>PNPBH7(JrLL89(PP;8(:GH7(F:LI( <:L(=LH7PBH789(7o78=89(a8BL;:9F8L(8JMOs9NPBH7(J:H789T` EU :LLBL;:9H8(J:K(R8(:S:BP:RP8(;>(GLI(;>(78PM(GL(;>(>S8=H>J8(=:FBH:P(8SBPT(+;(BL(HP8:=(;7:;(<8( J:K(988F(L>J8(VB9F(>O(78PMI(RG;I(B9(>=F8=(;>(J:V8(;7BL(H7:9N8(J8:9B9NOGP(?B9(;7:;(B;(BL(:( O=88I(J>=:P(H7>BH8@I(<8(JGL;(R8(BJMG;:RP8(O>=(B;T(%7BL(BL(<7K(1:9;(O>HGL8L(>9(;78(7GJ:9( 8OO>=;(>O(J:VB9N(>G=L8PS8L(Y<>=;7K(>O(=8H8BSB9N`(>=(Y=8H8M;BS8(;>`(;7BL(78PMTAc_(1:9;(=8O8=L( ;>(;78(H7:9N8(O=>J(7:SB9N(:9(8SBP(6"1$''-'%(;>(7:SB9N(:(N>>F(>98(:L(:(Y=8S>PG;B>9(>O( 6"1$''-'%`(?"$'"(!"K-*$&'($'(."0(6"1$''-'%@IAcD(<7BH7(B9S>PS8L(:(YH7:9N8(>O(78:=;`( ?`'."0-'%(."1(U"07"'1@T +9(!7:M;8=(%7=88I(+( 7><(:(M8=L>9(H:9(N>(:R>G;(R8H>JB9N(<>=;7K(>O(B;T(.>=(9>GN7(;>( G9F8=L;:9F(;7:;(1:9;(F>8L(;7B9V(;7:;(;78(>S8=H>JB9N(>O(8SBP(BL(M>LLBRP8I(8S89(BO(7GJ:9L( JBN7;(9>;(7:S8(;78(M><8=(;>(H>JMP8;8(;7BL(H7:9N8(>9(;78B=(><9T(+O(<8(F>(=8g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c_ +RBFI(\QEE(d(\QE[T AcD +RBFI(\QECT AAc +RBFI(\Q[UT AAA aK(YR8(L889(;>(O>PP><(O=>J(1:9;2L(M=B>=(<=B;B9NLI`(+(B9;89F(:(M=>]8H;(JGH7(PBV8(7><("89=K(&T(#PPBL>9( EX >=F8=(;>(L88(7><(;7BL(HP:BJ(OB;L(B9;>(7BL(J>=:P(M7BP>L>M7KI(LM8HBOBH:PPKI(:9F(<7K(78(JBN7;( 7:S8(B9;=>FGH8F(B;T .B=L;I(B9(>=F8=(;>(L7><(;7:;(;7BL(HP:BJ(:R>G;(;78(G9BS8=L:PB;K(>O(=:FBH:P(8SBP(F>8L( H>78=8(=:P(M7BP>L>M7KI(<8(JGL;(B9S8L;BN:;8(<78;78=(B;(O>PP> H>9;=BRG;8L(;>(7BL(M=8SB>GL(J>=:P(<=B;B9NL(B9(L>J8(<:KTAAU(67BP8(;78(<:K(;7:;(;7BL(HP:BJ( O>PP> <:KL(B9(=8H89;(L8H>9F:=K(PB;8=:;G=8I(;78(G9BOKB9N(O8:;G=8(:J>9N(;78(J:]>=B;K(>O(;78L8( 8WMP:9:;B>9L(BL(;7:;(;7BL(HP:BJ(:R>G;(G9BS8=L:PB;K(:9F(;78(HP:BJL(LG==>G9FB9N(B;(L>J87><( HP:=BOK(:9F(78PM(;>(F8S8P>M(1:9;2L(H>9H8M;L(>O(O=88F>J(:9F(;78(7GJ:9( 3M8HBOBH:PPKI(J>L;(;7B9V8=L(7:S8(O>HGL8F(GM>9(7><(;7BL(HP:BJ(:9F(;78(B9S8L;BN:;B>9(>O( 7GJ:9(9:;G=8(LG==>G9FB9N(B;(8WMP:B9L(:9(G9=8L>PS8F(BLLG8(B9(1:9;2L(J>=:P(M7BP>L>M7K(h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b:H>RLI(B9(;78B=(H'(4"2"'1"(&2(>/'*M1( !"#$%$&'I(:=;BHGP:;8(;7BL(=8LM>9L8(B9(:(78PMOGP(:9F(HP8:=(<:KT(%78K(:=NG8(;7:;(;78(!"#$%$&'(BL(=8P8S:9;(;>( 1:9;2L(J>=:P(M7BP>L>M7K(B9(;7:;(B;(YG9M:HViLj(G9F8=F8S8P>M8F(H>9H8M;L(O=>J(7BL(H=B;BH:P(M7BP>L>M7K(B9( <:KL(;7:;(:=8(B9;=BH:;8(:9F(B9LBN7;OGPI(:9F(B9(<:KL(;7:;(:=8(9>;(>9PK(H>78=89;I(RG;(:PL>(=8PBNB>GLPK(:9F( ;78>P>NBH:PPK(:OOB=J:;BS8`(?UXX@T(+;(BL(;7BL(G9M:HVB9N(>O(G9F8=F8S8P>M8F(H>9H8M;L(;7:;(+( 7><(;78(B9;=>FGH;B>9(>O(=:FBH:P(8SBP(:9F(;78(LG==>G9FB9N(8WMP>=:;B>9(>O(7GJ:9(9:;G=8(:9F( ;78( +9(;78(60&-'.)&0;:(1:9;(B9;=>FGH8L(;78(7GJ:9( ;>(P: H:M:HB;K(;>(:H;($'(/FF&0./'F"()$*+(*+"(0"A0"1"'*/*$&'(>O(P: M=B9HBMP8LI(>=(7:L(:()$##=(3B9H8(0"/1&'(BL(=8gGB=8F(O>=(;78(F8=BS:;B>9(>O(:H;B>9L(O=>J(P: ;78( BL(J>=8(;7:9(]GL;(M=:H;BH:P(=8:L>9T(%78( ;>(H7>>L8(O>=(>=(:N:B9L;(M=:H;BH:P(=8:L>9I(<8(H>GPF(9>;(R8(78PF(=8LM>9LBRP8(O>=(<7:;(<8( #L(3BPR8=(8WMP:B9LI #HH>=FB9N(;>(;78L8(F8OB9B;B>9LI(:(O=88( AAE 3BPR8=I(Y%78(&;7BH:P(3BN9BOBH:9H8(>O(1:9;2L('8PBNB>9I`(B9;=>FGH8L(;7BL(M=>RP8J(:L(;78(M=>RP8J(>O(;78( M>LLBRBPB;K(>O(:(H:;8N>=BH:P(>RPBN:;B>9T("8(<=B;8LI(Y3B9H8(:(F/*"%&0$F/#(=8P:;B>9(BL(:(98H8LL:=K(>98(:9F( LB9H8(&5#$%/*$&'(M=8LGMM>L8L(O=88F>JI(1:9;(7:F(;>(L7><(7><(98H8LLB;K(H:9(R8(H>JRB98F(J( B9(:(LB9NP8(=8P:;B>9L7BM`(?PWWWB@T($=B>=(;>(;78(!"#$%$&':(3BPR8=(;7B9VL(;7:;(B;(BL(G9HP8:=(7><(:(O=88( AA[ 1:9;I(60&-'.)&0;:(EQEAUT(?Y*G=(8B9(S8=9r9O;BN8L(68L89(7:;(F:L(08=JvN89I('/F+(."0(9&01*"##-'%(F8=( ^8L8;e8(FTBT(9:H7($=B9eBMB89(eG(7:9F8P9I(>F8=(8B989(S$##"'=,:(eG(#RP8B;G9N(F8=(":9FPG9N89(S>9( ^8L8;e89(9"0'-'2*(8=O>=F8=;((BL;(F8=(6BPP8(9BH7;L(:9F8=8L(:PL(M=:V;BLH78(08=9G9O;T`@ AA\ 388(1:9;:(60&-'.)&0;:(EQEEC(d(EQEE_T AAC 3BPR8=I(Y%78(&;7BH:P(3BN9BOBH:9H8(>O(1:9;2L('8PBNB>9I`(PWWWBBT E[ %78(M=>RP8J(78=8(BL(HP8:=TAA_(a8H:GL8(1:9;(F8OB98L(;78(7GJ:9( =8:L>9I(>=(;78(NBS8=(>O(;78(J>=:P(P:O:=(:L(B;(BL(:G;>9>J>GLI(;78( >9PK(R8(H>9LBF8=8F(O=88(<789(B;(H7>>L8L(;>(R8(J>;BS:;8F(RK(FG;KI(>=(;78(J>=:P(P: <=B;8L(;7:;(YiBjO(;78( OB;98LL(>O(B;L(J:WBJL(O>=(B;L(><9(NBSB9N(>O(G9BS8=L:P(P: 6789(;78( O=88PKT(a8H:GL8(;78( %78=8O>=8I(7GJ:9L(H:9(>9PK(R8(=8LM>9LBRP8(O>=(:H;B>9L(BO(;7>L8(:H;B>9L(:=8(J>=:PPK(N>>FT &JBP(.:HV8978BJ(:=;BHGP:;8L(;7BL(:L(:(M=>RP8J(>O(J:VB9N(J>=:P(O=88F>J( J8:9B9NOGPT("8(9>;8L(;7:;I(:HH>=FB9N(;>(;7BL(8:=PK(G9F8=L;:9FB9N(>O(;78( 9>;(:H;(O=>J(;78(J>=:P(P:>LB9N(;>(:H;(>9(9>(M=B9HBMP8(:;(:PPI(>=(;>(O>=N>(>G=( O=88F>J(:9F(=8LM>9LBRBPB;KT(aG;(78(F>8L(9>;(R8PB8S8(;7:;(;7BL(BL(;78(H:L8T("8(8WMP:B9LI 4:92L(H7>BH8(BL(9>;(R8;<889(:H;B9N(>9(;78(N>>F(:L(M=B9HBMP8I(>=(9>;(:H;B9N(>9( M=B9HBMP8(:;(:PPT(%78(H7>BH8(BL(9>;(R8;<889(:(N>>F( .:HV8978BJ2L(HP:BJ(78=8(BL(;7:;(;7BL(G9F8=L;:9FB9N(>O(J>=:P(O=88F>J(F>8L(9>;(:PBN9( >G=(YJ>=:P(H>9LHB>GL98LLI`AUA(>=(>G=(J>=:P(B9;GB;B>9(:R>G;(;78(H>9H8M;(>O(O=88F>JT(6789( <8(;:PV(:R>G;(J>=:P(O=88F>JI(<8(H>JJ>9PK(J8:9(L>J8;7B9N(PBV8(;78(H>9LHB>GLI( AA_ 'BH7:=F(bT(a8=9L;8B9(:PL>(M>B9;L(>G;(;7BL(M=>RP8J(B9(!/.$F/#(RK$#?(@(C+$#&1&A+$F/#(H'*"00&%*$&':( ?)WO>=FQ($>PB;K($=8LLI(UccU@Q(AXT("8(9>;8L(;7:;(1:9;2L(H>9;8JM>=:=KI('8B97>PFI(M>B9;8F(>G;(;7BL(M=>RP8J( B9(1:9;2L(<=B;B9NL(:;(;78(;BJ8I(:9F(;78(H=B;BHBLJ(7:L(H>9;B9G8F(;>(;>F:KT AAD 1:9;I(60&-'.)&0;:(EQEEAT AUc .:HV8978BJI(Y1:9;(:9F(':FBH:P(&SBPI`(XE_T AUA +RBFT E\ B9;89;B>9:P(H7>BH8(R8;<889(F>B9N(N>>F(>=(F>B9N(8SBPI(9>;(]GL;(R8;<889(F>B9N(N>>F(>=( :H;B9N(G;(:9K(M=B9HBMP8(:;(:PPT(68(F>(9>;(R8PB8S8(;7:;(<8(:=8(>9PK(=8LM>9LBRP8(:9F( O=88(<789(<8(M8=O>=J(J>=:PPK(N>>F(:H;B>9LT(':;78=I(1:9;(JGL;(R8(:RP8(;>(8WMP:B9(7><( <8(H:9(R8(8gG:PPK(O=88(:9F(=8LM>9LBRP8(<789(<8(H7>>L8(8SBP(J:WBJLT +9(;78(!"#$%$&':(1:9;(BL(OB9:PPK(:RP8(;>(=8L>PS8(;7BL(BLLG8(FGH;B>9(>O( ;78(FG:P(OG9H;B>9L(>O(;78(7GJ:9( !"#$%$&':`(78(:LL8=;L(;7:;(;78(!"#$%$&'(BL(]GL;(:L(BJM>=;:9;(:L(;78(60&-'.)&0;(:9F(;78( L8H>9F(T0$*$I-"(B9(;8=JL(>O(78PMB9N(GL(;>(G9F8=L;:9F(7BL(8;7BHLTAUU(%7BL(BL(R8H:GL8(B;(BL(B9( ;7BL(<>=V(;7:;(<8(OB9F(1:9;2L(J>L;(B9hF8M;7(FBLHGLLB>9(>O(;78(7GJ:9( <7BH7(:=8(V8K(H>JM>989;L(>O(7BL(8;7BH:P(;78>=KT(3BPR8=(<=B;8LI 1:9;2L(8;7BH:P(L;:;BHLI(;>(R>==><(:(;8=J(O=>J(M7KLBHLI(J:K(R8(O>G9F(B9(S:=KB9N( F8N=88L(>O(LKL;8J:;Be:;B>9(B9(J>L;(>O(7BL(M>L;hH=B;BH:P(<>=VLT()9PK(B9(;78( !"#$%$&':(7><8S8=I(F>(<8(OB9F(<7:;(JBN7;(R8(H:PP8F(1:9;2L(8;7BH:P(FK9:JBHLTTTB9( ;78(!"#$%$&'(78(:FF=8LL8L(7BJL8PO(;>(;78(M=>RP8J(>O(8SBP(d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`(HWWSBBT AUX 3BPR8=I(Y%78(&;7BH:P(3BN9BOBH:9H8(>O(1:9;2L(!"#$%$&'I`(PWWWT AUE 388(#PPBL>9I(>/'*M1(D+"&0B(&2(P0"".&E:(AUD(d(AXcT(%78(FBL;B9H;B>9(R8;<889(;78L8(;<>(OG9H;B>9L(>O(;78( ;78(L8H>9F(L8H;B>9(>O(;7BL(H7:M;8=I(78PML(;>(8WMP:B9(7><(;78(7GJ:9( NBS8=(>O(;78(J>=:P(P:=(M=:H;BH:P(=8:L>9I(:9F(:PL>(O=88(;>(H7>>L8(<78;78=(;>(:H;(O=>J(;78( J>=:P(P:<(G;(=G99B9N(B9;>(;78(M=>RP8J(>O(G9O=88(BJJ>=:P(:H;B>9LT(1:9;(B9;=>FGH8L( ;7BL(FG:P(OG9H;B>9(G9F8=L;:9FB9N(>O(;78( B9(B;L(OG9H;B>9L(:9F(G9B;8F(:L(:(<7>P8TAU[*a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a(S$##;X0( FBL;B9H;B>9(BL(9>;(>9PK(FBLHGLL8F(B9(;78(!"#$%$&':(B;(BL(;78(OB=L;(<>=V(B9(<7BH7(1:9;(R8NB9L(;>(GL8(;7BL( FBL;B9H;B>9(B9(:(J:]>=(<:KT AU[ (#PPBL>9I(>/'*M1(D+"&0B(&2(P0"".&E:AXcT AU\ Y4:9(V:99(9>H7(7B9eGL8;e89I(F:t(FB8(:GL(F8J(9:;r=:PBH789(":9N8(89;=LM=B9N89F8(.s7BNV8B;(>F8=( -9Os7BNV8B;(F8=(6BPPVr=I(F:L(J>=:PBLH78(^8L8;e(B9(L8B98(4:WBJ8(:GOeG987J89(>F8=(9BH7;I(F:L(NG;8(>F8=( RoL8("8=e(N899:9;(<8=F8`(?1:9;:!"#$%$&':(\QUDT@ AUC 3BPR8=I(Y%78(&;7BH:P(3BN9BOBH:9H8(>O(1:9;2L('8PBNB>9I`(HBS(d(HST E_ ;78(J>=:P(P:<(92L(S$##;X0T(a8H:GL8(S$##;X0(BL(:(O:HGP;K(>O(F8LB=8I(B;(BL( H:M:RP8(>O(R8B9N(J>S8F(R>;7(RK(=8LM8H;(O>=(;78(J>=:P(P:<(:9F(RK(B9HPB9:;B>9LI(LGH7(:L( L8POh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bT(a8=9L;8B9(M>B9;L(>G;I(1:9;2L(8W:JMP8L(>O(J>=:PPK(N>>F( :H;B>9L(B9(;78(60&-'.)&0;(YLGNN8L;(;7:;(;78(M:=:FBNJ:;BH(8W:JMP8L(>O(:H;B9N(J>=:PPK( >HHG=(>9PK(<789(;78=8(BL(:9(>S8=;(HP:L7(R8;<889(<7:;(<8(9:;G=:PPK(F8LB=8(:9F(<7:;(<8( =8H>N9Be8(:L(>G=(FG;KI(<7:;(<8(>GN7;(;>(F>T`AUD(%7BL(H=8:;8L(;78(:MM8:=:9H8(;7:;(;78( FBOO8=89H8(R8;<889(J>=:PPK(N>>F(:9F(8SBP(:H;B>9L(PB8L(B9(<7BH78S8=(LBF8(>O(>G=(9:;G=8(d( 8B;78=(=:;B>9:P(>=(L89LBRP8(d(<8(:PP><(;>(B9OPG89H8(>G=( ;7BL(J>F8PI(>G=(=:;B>9:P(:9F(L89LBRP8(9:;G=8L(JGL;(:P<:KL(R8(:;(>FFL(98(:9>;78=( R8H:GL8(;>(R8(J>=:PPK(N>>F(>=(8SBP(BL(;>(:H;(>9(:(J:WBJ(;7:;(>9PK(H>9;:B9L(;78(B9H89;BS8L( >O(>98(:LM8H;(>O(>G=(9:;G=8I(=:;78=(;7:9(;78(>;78=T AU_ 1:9;:(60&-'.)&0;:(EQXDC(d(EQXD_T AUD a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c #PP89(6T(6>>FI(>/'*M1(3&0/#(!"#$%$&':(?+;7:H:Q(!>=98PP(-9BS8=LB;K($=8LLI(ADCc@Q(AcDT AXA 388(6>>FI(>/'*M1(3&0/#(!"#$%$&':(Ac_(d(AcDT AXU '8H:PP(1:9;2L(FBLHGLLB>9I(B9(;78(!"#$%$&':(=8N:=FB9N(;78(M=8FBLM>LB;B>9L(;>(N>>FT(68I(:L(7GJ:9LI( 9:;G=:PPK(7:S8(:(M=8FBLM>LB;B>9(;>(:9BJ:PB;KI(<7BH7(BL(>G=(L89LBRP8(B9HPB9:;B>9LI(:9F(:(M=8FBLM>LB;B>9(;>( 7GJ:9B;KI(<7BH7(BL(>G=(=:;B>9:P(9:;G=8(?\QU\@T [c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d(;7:;(BLI(B9(>G=(O=88(H7>BH8(;>(J:V8(>G=(M=>M89LB;K(;>(8SBP(:9(B99:;8(M:=;( >O(>G=(7GJ:9(9:;G=8T +9(;78(!"#$%$&':(1:9;(8WMPBHB;PK(F89B8L(<7:;(:MM8:=8F(;>(R8(7BL(BJMPBHB;(M>LB;B>9(B9( 7BL(8:=PB8=(H=B;BH:P(M7BP>L>M7KI(;7:;(L>J8(J:WBJL(LBJMPK(7:S8(J>=:PPK(N>>F(H>9;89;(<7BP8( >;78=L(7:S8(8SBP(H>9;89;T(#L(4BH7:PL>9(9>;8LI(J>=:P(8SBP(:9F(N>>F98LL(:=8(9>;(:(J:;;8=(>O( ;78(H>9;89;(>O(J:WBJLI(RG;(:(J:;;8=(>O(;78(O>=J(>O(J:WBJLTAX\(%7:;(BLI(J:WBJL(:=8(9>;( AXX (4BH7:PL>9I(P/##"'(P0"".&E:(XE(d(X[T AXE 4BH7:PL>9(8JM7:LBe8L(;7:;(<7:;(1:9;(<=B;8L(B9(;78(!"#$%$&'(:R>G;(J>=:P(8SBP(:9F(N>>F98LL(:9F(J:WBJh J:VB9N(BL(9>;(L>(JGH7(Y:(H7:9N8(>=(:P;8=:;B>9(>O(7BL(R:LBH(H=B;BH:P(;8:H7B9NTTT:L(B;(BL(:(F88M89B9N(>O(:( H89;=:P(B9LBN7;(=G99B9N(;7=>GN7(;78(P&-'./*$&'1(&2(*+"(3"*/A+B1$F1(&2(3&0/#1(:9F(;78(T0$*$I-"(&2( C0/F*$F/#(!"/1&'`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e8T(%7:;(BLI(78(8B;78=(LGR>=FB9:;8L(B9H89;BS8L(>O(;78(J>=:P(P:<(>=(B9H89;BS8L(>O( FG;KT %7BL(HP:=BOBH:;B>9(>O(J:WBJhJ:VB9N(78PML(GL(;>(P>H:;8(;78(L>G=H8(>O(J>=:P(8SBPT( %7BL(G9F8=L;:9FB9N(78PML(GL(;>(L88(;7:;(B9HPB9:;B>9L(:=8(:(98H8LL:=K(RG;(9>;(LGOOBHB89;( L>G=H8(>O(8SBPT(67BP8(<8(H8=;:B9PK(JGL;(7:S8(B9HPB9:;B>9L(B9(>=F8=(;>(R8(8SBPI(B;(BL(B9(;78( H7>BH8(>O(LGR>=FB9:;B9N(B9H89;BS8L(>O(;78(J>=:P(P:<(;>(;78(B9H89;BS8L(>O(;7>L8(B9HPB9:;B>9L( ;7:;(+(F>(:9(8SBP(:H;B>9T(#L(6>>F(8WMP:B9LI +;(BL(9>;(RK(7:SB9N(B9HPB9:;B>9L(;7:;(<8(R8H>J8(8SBPI(;789I(RG;(=:;78=(RK(:(20""(/F*( &2(F+&$F"(B9(<7BH7(<8(LGR>=FB9:;8(;78(B9H89;BS8L(>O(FG;K(;>(;7>L8(M=>SBF8F(RK( ;78L8(B9HPB9:;B>9LT(%78(J>=:P(>RL;:HP8L(B9(7GJ:9(9:;G=8(:=8(9>;(H>9L;B;G;8F(RK( B9HPB9:;B>9LI(RK(7GJ:9(OB9B;GF8(>=(L89LBRBPB;K(:L(LGH7I(RG;(RK(:(LM8HB:P( H7:=:H;8=BL;BH(>O(J:92L(O=88(M><8=(>O(H7>BH8(?S$##;X0@TAX_ %7BL(O=88(:H;(>O(H7>BH8I(<7BH7(BL(;78(L>G=H8(>O(8SBPI(BL(;78(H7>BH8(;>(7:S8(:(M=>M89LB;K(;>( 8SBPI(>=(:9(8SBP(6"1$''-'%T(1:9;2L(B9;=>FGH;B>9(>O(;78(HP:BJ(;7:;(:PP(7GJ:9L(:=8( G9BS8=L:PPK(=:FBH:PPK(8SBPI(;789I(BL(GP;BJ:;8PK(7><(78(8WMP:B9L(;78(LGOOBHB89;(H>9FB;B>9(O>=( 7GJ:9(J>=:P(8SBPT AXC (6>>FI(>/'*M1(3&0/#(!"#$%$&':(AAAT AX_ (6>>FI(>/'*M1(3&0/#(!"#$%$&':AAUT [U 1%"(9'/)%" 68(H:9(L88(9><(;7:;(;78(!"#$%$&':(:9F(;78(HP:BJ(;7:;(:PP(7GJ:9L(:=8(=:FBH:PPK(8SBPI( B9(M:=;BHGP:=I(8WMP:B9L(:9F(HP:=BOB8L(;78L8(;<>(J:]>=(M:=;L(>O(1:9;2L(J>=:P(M7BP>L>M7KQ(;78( M>LLBRBPB;K(>O(O=88PK(H7>>LB9N(8SBP(:9F(;78(P>H:;B>9(>O(;78(L>G=H8(>O(8SBP(B9(7GJ:9LT(+;(<:L( >9PK(9(B9;>(;78(J>=:P(L;:;GL(>O(7GJ:9(9:;G=8(:9F(7BL(H>9HPGLB>9( =8N:=FB9N(=:FBH:P(8SBP(;7:;(78(H>GPF(8WMP:B9(:9F(HP:=BOK(;78L8(HP:BJL(J:F8(B9(7BL(8:=PB8=( M=:H;BH:P(<>=VLT(.>=(;7BL(=8:L>9I(B;(BL(HP8:=(;7:;(;78(H=B;BHL(<7>(<=B;8(>OO(;78(!"#$%$&'(:9F( B;L(FBLHGLLB>9(>O(=:FBH:P(8SBP(:L(B9H>78=89;(>=(9>9hM7BP>L>M7BH:P(J:V8(G9O>G9F8F(HP:BJL( :R>G;(;7BL(<>=VT(a8H:GL8(>O(;7BLI(<8(F>(7:S8(=8:L>9(;>(G;BPBe8(1:9;2L(:=NGJ89;L(B9(;78( !"#$%$&'(;>(78PM(GL(;>(HP:=BOK(>G=(=8:FB9NL(>O(7BL(J>=:P(M7BP>L>M7KT(+9(;7BL(98W;(H7:M;8=I(+( 1:9;2L(8;7BHLI(RK(OBPPB9N(B9(N:ML(B9(7BL(;78>=K(>O(J>=:P(F8S8P>MJ89;T !"#$%&'(%)* %"&(!"#$%$&'(+('*,&(-.(%"&(/&0&,*$1&.%(*2(3#.%4+(%"&*'5(*2( 1*'#,(-1$'*0&1&.% !"#$%&'(#)%" -6(!789:;<(*6;=(-(>;?;6>;>(:7;(:7;@A@(:78:(386:4@(9<;@;6:8:AB6(B?(:7;(9 <8>AF8D(;GAD(7;D9@(:B(FD8(;I9D8A6(98<:@(B?(7A@(EB<8D(97ADB@B97HJ(#@(6B:;>(A6(:78:( F789:;<=(:7;(EB@:(9B9KD8<(L8H(B?(>;?;6>A6M(:7A@(FD8AE(A6(:7;(@;FB6>8 :B(@7BL(:78:(386:4@(FD8AE(8CBK:(:7;(K6AG;<@8DA:H(B?(<8>AF8D(;GAD(N(86>(:7;(FD8AE@( @K< LADD(8 ;I9D8A6(86>(FD8 >;G;DB9E;6:=(B<(7BL(8(7KE86(F86(C;FBE;(EB<8DDH(MBB>J -:(A@(M;6;<8DDH(<;FBM6AP;>(:78:(:7;<;(8<;(@BE;(>A??;<;6F;@(C;:L;;6(386:4@(;8 D8:;<(L C;;6(98A>(:B(:7;(<;8@B6@(L7H(:7;@;(F786M;@(EAM7:(78G;(8 ?BFK@(K9B6(B6;(F786M;(A6(98<:AFKD8<=(L7AF7(78@(6B:(C;;6(9BA6:;>(:B(;I9DAFA:DH(A6(:7; Q +;;(186?<;>(3K;76=(S386:(B6(&>KF8:AB6=(#6:7 R +;;(,;LA@()7A:;(Y;FV=(S386:(B6(&>KF8:AB6=T(A6("990<92-.2/0.120.32>4;)?2;>J(,;LA@()7A:;(Y;FV( U.;L("8G;6O(58D;(Z6AG;<@A:H($<;@@=(Q[\]X^(186?<;>(3K;76=(S386:(B6(&>KF8:AB6JT()7AD;($8KD(2B MBB>(A6(:7;(@;6@;(B?(8F:A6M(B6(MBB>(E8IAE@(A6(98<:AFKD8<(F8@;@=(A6(:7;(;8 EB<8D(>;G;DB9E;6:=(:B(8(FB6F;<6(LA:7(8(VA6>(B?(@A6MKD8<(EB<8D(:<86@?B E8V;(8F:A6M(B6(MBB>(E8IAE@(A6(98<:AFKD8<(F8@;@(9B@@ACD;=(A6(:7;(D8:;<(L >;G;DB9E;6:J(-6(B<>;<(:B(>;EB6@:<8:;(:7A@(F786M;=(-(LADD(:8V;(:LB(@8E9D;@(? FB6@A>;<;>(:B(C;(386:4@(?B U@)1A-3).*)A7).XJ`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` +;;(cJ(2;DAFA:8@(1K6P;D=(S386:(B6(1B<8D(&>KF8:AB6=(B<(4&6DAM7:;6E;6:4(86>(:7;(,AC;<8D(#<:@=T(EA)2 !)F+)G2-C2@)108A<9+592_\J(QJ(U+;9:J=(RWW`XO(a_(N(adJ((";<;=(@7;(6B:;@(:78:(:7;(/BF: L;(@7BKD>(K:ADAP;(:7;2!)*+,+-.2A6(B<>;<(:B(7;D9(K@(C;::;<(K6>;<@:86>(386:4@(8FFBK6:(B?( EB<8D(>;G;DB9E;6:J *)++,$,"(,-.,#/,,"-#0,-1/%-*%(#$)",2-%+-3,#0%& #@(-(78G;(E;6:AB6;>(8CBG;=(A:(A@(M;6;<8DDH(<;FBM6AP;>(:78:(:7;<;(A@(8(F786M;(BG;<( :AE;(A6(386:4@(:7;B FBE98<;(7A@(>A@FK@@AB6@(B?(EB<8D(>;G;DB9E;6:(? L UQ\]]X=(L7AF7(A@(B6;(B?(386:4@(?A<@:(E8eB<(LB @)108A<9+592-C2@-70*92UQ\[\X=(L7AF7(A@(B6;(B?(:7;(D8@:(LB >;8:7?21B<;(@9;FA?AF8DDH=(-(LADD(DBBV(:B(:7;(/BF: B?(:7;@;(LB 86>(FB6:8A6(386:4@(GA;L(B6(7BL(:7;(9 9K9AD@J-cJ(2;DAFA:8@(1K6P;D(L :;I:@(:8V;6(:BM;:7;<(8<;(386:4@(?B :7;@;(LB C;(EB<8DDH(MBB>(F786M;@(BG;<(:AE;=(86>(:7;6(-(LADD(EBG;(:B(EH(8 386:(E8V;@(A6(:7;(!)*+,+-.28<;(:7;(F8K@;(B?(:7A@(F786M;J %7;(S/BF: _ 1K6P;D=(S386:(B6(1B<8D(&>KF8:AB6=T(a_(N(adJ _d @;FB6>(:7+1+B4)?2-:(A@(A6(:7A@(@;F:AB6(:78:(386:(;I9D8A6@(7BL(SB6;(F86(9 9K<;(9<8F:AF8D(<;8@B6(LA:7(055)992:B(:7;(7KE86(EA6>(86>(+.C*4).5)2B6(A:@(E8IAE@=(:78:(A@=( :7;(L8H(A6(L7AF7(B6;(F86(E8V;(BCe;F:AG;DH(9<8F:AF8D(<;8@B6(94IJ)51+F)*<29<8F:AF8D(8@( L;DDJTd(#@(+:;?86B(Y8FA6(;I9D8A6@=(386:(K@;@(:7A@(@;F:AB6(:B(@7BL(S7BL(87051+50*2 FB6F;9:@(86>(9 F86(9 BCe;F:AG;(9<8F:AF8D(<;8@B6(@KCe;F:AG;DH(9<8F:AF8D=(86>(7BL(BK<(8F:AB6@(F86(C;(E8>;(:B(6B:( B6DH(8FFB<>(LA:7(:7;(EB<8D(D8L(CK:(C;(EB:AG8:;>(CH(:7;(EB<8D(D8L(A:@;D?J](-6(@7B<:=(386:(A@( ?BFK@;>(B6(;I9D8A6A6M(7BL(:7;(D8L@(B?(9K<;(9<8F:AF8D(<;8@B6(F86(FBE;(:B(AE98F:(BK<( 7KE86(LADD@(86>=(:7K@=(BK<(E8IAEiE8VA6MJ %7;(/BF: /BF: S%;8F7A6M(&:7AF@T(86>(S&:7AF8D(#@F;:AF@JT(%7;(MB8D(B?(:7A@(LB B<(EB<8D(MBB>6;@@=[(F86(C;(8FbKA<;>JQW(-6(S%;8F7A6M(&:7AF@=T(386:(;I9D8A6@(7BL(8(9;<@B6( d 386:=(!$<'=(_OQ_QJ(USLA;(E86(>;6(c;@;:P;6(>;<(<;A6;6(9<8V:A@F7;6(0;<6K6?:(&A6M86M(A6(>8@( E;6@F7DAF7;(c;Ej:(&A6?DKk(8K?(>A;(18IAE;6(>;@@;DC;6(G;<@F78??;6=(>JAJ(>A;(BCe;V:AG(9<8V:A@F7;( 0;<6K6?:(8KF7(@KCe;V:AG(9<8V:A@F7(E8F7;6(Vl66;JTX \ Y8FA6=(S%7;(1;86A6M(B?(:7;(:7+1+B4)2-C2D7051+50*2!)09-.=T(RWWJ ] %7A@(:7<;;(98<:(?B [ )7AD;(:7;<;(78@(C;;6(<;F;6:(@;FB6>8 QW +;;(386:=(11=2dOa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dOa]a(N(dOa]_J Q` +;;(+K<9<;686:=(S386:4@(!B6: Qa +;;(+K<9<;686:=(S386:4@(!B6: Q_ %7A@(F86(C;(@;;6(FD;8 Qd +;;(+K<9<;686:=(S386:4@(!B6: MBB>6;@@(B?(7KE86@(i(A6(CB:7(LB 9;<:8A6A6M(:B(:7;(L8H(8(9;<@B6(F86(C;FBE;(EB<8DDH(MBB>(:78:(8 6B:;LB<:7H(F786M;(A6(386:4@(:7;B :LB(@KF7(F786M;@J(2A<@:=(:7;(L8H@(:78:(386:(K@;@(;I8E9D;@(?B<(:7;(9K<9B@;@(B?(EB<8D( ;>KF8:AB6(>A??;<(A6(:7;@;(:LB(LB ;I8E9D;@(9BA6:@(:B(8(EB<;(?K6>8E;6:8D(FB6F;<6(8CBK:(EB<8D(AE9 LB :8DV(A6(8(6;L(L8H(8CBK:(:7;(F786M;(6;F;@@8 @;FB6>(:7+1+B4)2386:(B6DH(>;@F 8CBK:(EB<8D(F786M;(8@(<;b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bK;(8@9;F:@(B?(EB<8D(MBB>6;@@J %B(;I9D8A6(:7A@(>A??;<;6F;(A6(:7;(K@;(B?(;I8E9D;@=(-(LADD(:K<6(:B($8KD(cKH;<4@Q](86>( Q\ +;;(386:=(11=2dOa\[J(S%7;()P8)7+;).10*(U:;F76AF8DX(E;86@(?B<(FKD:AG8:A6M(GA<:K;(A@(,--32;I8E9D;(B6( :7;(98<:(B?(:;8F7;<(U7A@(;I;E9D8 Q] $8KD(cKH;<=(S&I8E9D;@(B?(1B<8D($B@@ACADA:H=T(A6(/0.120.32"34501+-.62$.1)787)101+-.920.32:-;;).107<=2 ;>J(3D8@('B:7(86>(!7M;=(RWQRXJ _[ *6B<8(*4.;ADD4@Q[(LB BK:(:78:(386:(K@;@(:LB(VA6>@(B?(;I8E9D;@(A6(7A@(EB<8D(97ADB@B97HO(7H9B:7;:AF8D(86>( B@:;6@AG;=(B<(<;8D=(;I8E9D;@J(+7;(L +BE;(;I8E9D;@(8<;(A<8-1A)1+50*O2:7;H(FB6@A@:(B?(EB<;(B<(D;@@(@9;FA?AF(9 %7;@;(;I8E9D;@=(@7;(@8H@=(8<;(K@;>(CH(386:(?B<(9K<9B@;@(B?(EB<8D(;>KF8:AB6(86>( FKD:AG8:AB6J(c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dQ(UQ[]dX RW *4.;ADD=(S%7;($BL;<(B?(&I8E9D;@=T(\J RQ cKH;<=(S&I8E9D;@(B?(1B<8D($B@@ACADA:H=T(QR]J RR cKH;<=(S&I8E9D;@(B?(1B<8D($B@@ACADA:H=T(Q`\J dW >;E86>@(B?(>K:H=(98<:AFKD8 FBG;<(;G; LADD(C;(CH(E;86@(B?(;I8E9D;J(2K<:7;<=(:7;(EB@:(;??;F:AG;(L8H(:B(:;8F7(8(@:K>;6:(:78:(A:(A@( 9B@@ACD;(?B<(7AE(:B(8F:(EB<8DDH=(>;@9A:;(BC@:8FD;@(:B(>BA6M(@B=(LADD(C;(:B(@7BL(7AE( ;I8E9D;@(B?(8F:K8D(9;B9D;(L7B(78G;(8FFBE9DA@7;>(:7A@JR`(cKH;<(8D@B(:7A6V@(:78:(:7;<;(A@(8( :7A<>(K@;(?B<(;I8E9D;@=(:;8F7A6M(@:K>;6:@(:7;(FB6:;6:(B?(98<:AFKD8<(>K:A;@=(CK:(386:(D;8G;@( B9;6(L7;:7;<(<;8D(B<(7H9B:7;:AF8D(;I8E9D;@(F86(C;(K@;>(:B(:;8F7(:7A@(;6>JRa( )7AD;(c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d(";(A@(8D@B(FD;8<(:78:(7;(>B;@(6B:(:7A6V(:78:(;I8E9D;@(:78:(8<;(6B:(<;8D(8<;(899 ?B<(EB<8D(;>KF8:AB6J(";(L R` cKH;<=(S&I8E9D;@(B?(1B<8D($B@@ACADA:H=T(Q`R(N(Q``J Ra cKH;<=(S&I8E9D;@(B?(1B<8D($B@@ACADA:H=T(Q`\J R_ +;;(386:=(!$<'=(_OQ_a(N(_OQ__J(%7A@(A@(6B:(:B(@8H(:78:(386:(6;G;<(K@;@(7H9B:7;:AF8D(;I8E9D;@(A6(7A@( ;8 Rd 386:=(!$<'=(_OQ_a(N(_OQ__J dQ ?B<(A68FF;@@ACD;(9;KF;@(E;<;(7;;( :7;E@;DG;@(B6(:7;A<(?;;DA6M(?B<(;I:<8G8M86:(M<;8:6;@@=(<;D;8@;(:7;E@;DG;@(A6(<;:K<6(? :7;(BC@; A6@AM6A?AF86:(86>(9;::HJTR\("A@(FB6F;<6(7;<;(899;8<@(:B(C;(:78:(6B6i<;8D(;I8E9D;@(FBKD>( D;8>(8(9;<@B6(:B(C;(K6FB6F;<6;>(LA:7(:7;(>K:A;@(B?(;G; K6AE9B<:86:(A6(FBE98 cAG;6(:7A@(7;D9?KD(>A@:A6F:AB6(B?(K@;@(?B<(;I8E9D;@=(L;(F86(@8H(EB<;(8CBK:(L7H( 386:(EAM7:(78G;(:7BKM7:(7H9B:7;:AF8D(;I8E9D;@(@7BKD>(6B:(C;(K@;>(A6(EB<8D(;>KF8:AB6( ;G;6(:7BKM7=(8@(L;(LADD(@;;=(7;(>B;@(K@;(:7;E(A6(B:7;<(LB DAV;DH(C;F8K@;(B?(:7;(98<:AFKD8<(VA6>(B?(EB<8D(>;G;DB9E;6:(:78:(386:(A@(A6:;<;@:;>(A6( FKD:AG8:A6M(A6(:7A@(LB ;I8E9D;@(A6(:7A@(/BF: FB6F;9:@(LA:7A6(7;<(BL6(<;8@B6(6B<(:B(7;D9(:7;E(<;8DAP;(:7;(FB6:;6:(B?(:7;(EB<8D(D8LJ(-:(A@( FD;8<(L7H(:7;(?A<@:(A@(:7;(F8@;J(#@(6B:;>(8CBG;(CH(cKH;<=(:7A@(?A<@:(MB8D(B?(K@A6M(;I8E9D;@( F86(B6DH(C;(8F7A;G;>(:7 ;I9; ;6>(B?(MAGA6M(;I8E9D;@=(:B(<;8DAP;(:7;(FB6:;6:(B?(:7;(EB<8D(D8L=(F86(C;(8F7A;G;>(;A:7;<( :7 8>GBF8:A6M(:7;(K@;(B?(;I8E9D;@(A6(:7A@(/BF: K@A6M(7H9B:7;:AF8D(;I8E9D;@J(-:(EK@:(C;(: ;I8E9D;@(A6(:7A@(/BF: R\ 386:=(!$<'=(_OQ__J(USJJJL8@(8K?(D;;<;()j6@F7;(K6>(+;76@KF7:;6(68F7(K6;<@:;AMDAF7;<(0BDDBEE;67;A:( 7A68K@Dm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cKH;<4@(@;FB6>(K@;(?B<(;I8E9D;@(86>(>B;@(6B:(>A??;<(? B?(;I8E9D;@(A6(:7;(@;FB6>(:7+1+B4)? "BL;G;<=(:7A@(A@(6B:(:7;(B6DH(VA6>(B?(;I8E9D;(:78:(386:(K@;@(A6(:7A@(LB EBG;@(B6(:B(:8DV(8CBK:(7H9B:7;:AF8D(;I8E9D;@=(:7;(VA6>(B?(;I8E9D;(8>GBF8:;>(8M8A6@:(A6( :7;(@;FB6>(:7+1+B4)J(%7A@(;I8E9D;(DA;@(A6(L78:(7;(:A:D;@(8(S?<8ME;6:(B?(8(EB<8D( F8:;F7A@EJT`W(";<;=(7;(MAG;@(8(@8E9D;(B?(L78:(8(EB<8D(F8:;F7A@E(C;:L;;6(8(:;8F7;<(86>( @:K>;6:(EAM7:(DBBV(DAV;J(%7;(:;8F7;<(MAG;@(:7;(@:K>;6:(8(6KEC;<(B?(7H9B:7;:AF8D(;I8E9D;@( 86>(:7BKM7:(;I9; :7;(@:K>;6:(:B(S+K99B@;=(?B<(;I8E9D;=(:78:(8(@A:K8:AB6(8(M;:(8( M<;8:(C;6;?A:(?B<(HBK<@;D?(B<(HBK<(?(CH(E8VA6M(K9(8(@KC:D;(*+)2:78:(LBKD>(78 R] 386:=(11=(dOa\[(N(dOa]WJ( R[ -CA>=2dOa]WJ(US/8@(MK:;(&I;E9;D(U>;<(;I;E9D8;DX(@BDD(6AF7:(8D@(1K@:;<=(@B6>;<6(6K<(PKE( Y;L;A@;(>;<(%7K6DAF7V;A:(>;@($?DAF7:Em@@AM6;(>A;6;6JJJTX `W -CA>J d` B6;O()78:(>B;@(HBK<(<;8@B6(@8H(8CBK:(A:nT`Q(386:(@:8:;@(:78:(:7;(MB8D(B?(K@A6M(:7;@;( 7H9B:7;:AF8D(;I8E9D;@(A@(:B(7;D9(:7;(@:K>;6:(>;G;DB9(FB6F;9:@(:78:(8<;(8D<;8>H(A6(7A@( <;8@B6=`R(68E;DH=(8@(cKH;<(9BA6:@(BK:=(7A@(S8(9 #@(L;(78G;(@;;6=(:7A@(K@;(B?(7H9B:7;:AF8D(;I8E9D;@(>A>(6B:(899;8<(A6(:7;(@;FB6>( :7+1+B4)(92/BF: L78:(@B<:(B?(;I8E9D;@(8<;(K@;>(CH(386:(?B<(L78:(;6>@=(:7A@(6;L(K@;(B?(;I8E9D;(A6(:7;( @)108A<9+592-C2@-70*92F8627;D92K@(:B(@;;(:7;(@AM6A?AF86F;(B?(:7A@(>A??;<;6F;(A6(:7;(K@;(B?( ;I8E9D;@J(%7A@(>A??;<;6F;(A6>AF8:;@(:78:(386:(A@(FB6F;<6;>(LA:7(8(6;L(VA6>(B?(;6>(?B<( EB<8D(;>KF8:AB6(A6(:7;(@)108A<9+592-C2@-70*9O(:7;(K6FBG; LA:7A6(BK<(BL6(<;8@B6J(%7A@(A@(6B:(B6DH(8(6;L(8AE(B?(EB<8D(;>KF8:AB6(CK:(8(EB<;( ?K6>8E;6:8D(8AE(:78:(K6>; V6BLD;>M;(B?(EB<8D(FB6F;9:@(A@(8(@:;99A6M(@:B6;(:B(8F:A6M(A6(EB<8DDH(LB<:7H(L8H@=(L7AF7( A@(B6;(B?(:7;(8AE@(B?(:7;(K@;(B?(;I8E9D;@(A6(:7;(@;FB6>(:7+1+B4)J(-6>;;>=(L;(F866B:(8F:( K9B6(MBB>(E8IAE@(LA:7BK:(8D<;8>H(78GA6M(>;G;DB9;>(BK<(K6>;<@:86>A6M(B?(:7;@;( FB6F;9:@J`a(%B(9K:(A:(EB@:(C8@AF8DDH=(L;(F866B:(8F:(?;<89FBN@I(L>9F8=9(8=(V:99(9:H7(F8JI(