r(2J-CLG@OTQ@:L

STLBOEBNBIQVSBN

 VFF@RGwM@L2S@D`L
"UIB(BH4BIBTSBONB4UPUSBN
 F23XTU@B
BHBTUZVWDB]

HUM@x@MDMFF@X@M:@I-LHMQV1JL
WJOTOOFOBHBHZOKBONBOJSBSUIBLBN]

O@X@SQL23X-X@DHMx@M KKDS 
VQZOUBSBNBTUZBOZPOJTOOBQIBMBMBCIFU]]]]

Y@M@BOF4M@L@K2X@DOGS@3LM@L
BBLUODBQBHONMBTZPQBIBUUNBON]

QCDY@SQ2V@M@FF@x@MJVUDS 
ESBEFOUBSBTUIOHBHTOOBLBUIBNCIBWFU]]]]

Page 1 of 45

C@MU@ VpSU@ VL`2S@D`IOD VU@

EOBWBUIBWSBUBWBUIBNBOUSBTUPUSBKBQFBUIBW]

S(V@SQ@HDJ@DU@CDUS@DO@RMSTU@ 
USUIOUBSCIJFLPWEFWBUPQTBOBOUVW]]]]

X@H2SHJHB3OEFF@x@M KeCL
ZTUJLJDJUQBBLUSBHBHTOOBQIBMBQSBEBN]

HUW@M@SQL@`D:SbCe:S@XLD 
WJEIOOUBSBNUSFBUBEWBEBQSBBUZBNF]]]]

3U^@DMUDC2JC@-X@DFF@F1RLTaU
UWBUUPOBWFEBTLBOEOZPHBHHBSCIBTBNVECIBWB]

OQ2UF1SQHFZX@LHGL@MLG@LSD 
QBSBTWBSHBUBSBHJZNBIJNOBNNBINBUF]]]]

2JCU@B
TLBOEBVWDB]

RHSOTZXIK@M(GRQ@HRRHQS@DLTMD
TBOUJQVZBKBMOIBTBSTJTBSJUPNVOF]

2V@MD2V@MDBS(V@1HMHIS@3L@7XTHS@HMB 
TUIOFTUIOFDBUSUIOJKJUUNEIZVJUOJDB]]]]

Page 2 of 45

}ue3XXJ@Q(H:LG@LHGL@)XHO
EBQSBUZBZBLSJNBINBIJNBCIKZBQJ]

OQ2UF1SQHFZX@J@DPY@DHOMS`U$ 
QBSBTWBSHBUBSBHJZLPZBPQJOBUBUSBWBJ]]]]

MDM$U@MTL@MDMAT2UJKY@DaU
BOFOBJWOVNOFOBCVEEIZBTWBLBMBPECIBWB]

CDFF@D^L@FDMCDUCDUDMYTM@ 
EBEISFHBHPUUBNHFOBEFWBEFWFOBBNCIVO]]]]

x@MJ@KD -XS(VD1TI/XSDI@{U(IM$
TOOBLMFBOZBUSUIFVKBQZBUFKIOBWKBOBJ]

HUM@HU:TOC(*U@-X3RLV1LL@DBMD 
WJOWJVQBELWOZBUTBNBSUIBNBHIBNPDBOF]]]]

FF@x@M Kg|-FF@X@LDUK>XSD
HBHTOOBQIBMBNCSBINBOHBHZNFWBMBCIZBUF]

XV@@<@ K2U@C@D@<@X@LDUM@-XS 

ZBUIESLQIBMBTWEPESLZNFWBOOZBUB]]]]

23XTO@XG3UDJ2X@DM@HUJK KL
BTUZVQZBJIBUWFLBTZPOWJLBMBNQIBMBN]

x@M2XCDURHQS@DLG@FTSL@DLTMD 
TOOBTZBEFWBTBSJUPNBIHVIZBUBNPNVOF]]]]
Page 3 of 45

HYU@XY@S@XHU:THOQ@XB
JWBCIBLUZBOUZBWJVCIBLUJQBSZBDB]

r@KUD3U@H2SJ@XF1U@RLTLT<UD 
SBEEIMBWFUWTUJLZBHBSCIBWTBNVNVLBWF]]]]

JVM(XMB@-X2XJ2XHB3JDMHB3*UHBS
LBUIBOZBOOBDOZBTZBLBTZBDJULFOBDJULWBDJU]

CQG2XOQLLG@O@SJM@YML 
JEBSBIBTZBNQBSBNBNNBIQUBLBOBOBN]]]]

LG@rDX2JQOTZXLM@DQVJQOQL
NBISFZBTLBSBNQVZBNNBOPSBUIBLBSBNQBSBN]

HMC(e(HSIMJHYURS@DRSHS 
OJEQSUJKBOBLBJWBTBOUPBTBOUBUJ]]]]

M@j@RGwFF@X@2SUQ@IDTY@DML
ONOTBIBTSBHBHZTUBWBSKFVPCIBOBN]

I/X@M@OQLI/XUDC@DOHMC@RLL 
KBQZONQBSBNBKBQZBWFEPQBOJBETBNBN]]]]

IOM(XeXDML@$HMM@U@BJHUM@
KBQBOZBNQSBZBUOFOBNBVOJOWDBLBWJO]

YTHB2V@MDTYTHBM@RT2Ou@<QLDUB 
VDJTUIOFVVDJOTVTQBLBSBNFWBDB]]]]

Page 4 of 45

?ML@DFF@CD5X$
PNOBNPHBHEFWZBJ]

?J@QmHOZXIQ@STK@MS@LSwU@
PNLSBSQJZBKBSUVMOBOUNUBTSBW]

3XTC@Q@X@Y@DJ@KJMC@LS@LK@ 
BUZVESCIBZPLMBLBOBOENBUNBM]]]]

M@VU3RK@L@DOX@DHMQLSeC@
BOUIBWBUTBMNPHIBQBZPOJSBNUBQSBE]

5XK<:@<@D>X@MUH"#@OQ@HIS@ 
BWZBLUBMBLBLPCIZOBWBDDIJOOQBSKJU]]]]

M@VM@V@Hu@V1HRHC@MFUHW1M(
BOUIBOUICIJSUIBTJEEIJEOBHBWBSEIJO]

H:L@HCFT:@W@Q@FZX@K(JG@HQ:( 
BJNEJHVEISHSBHBZMLBISJ]]]]

HB3XYHQM@aSmO@G@HQ:(
BDJOUZBBLUJSBOBHIECIVUBSQHIBISJ]

HQ@IRTS@u@FX@DFHRHeC@"XTS@ 
BESJSKBTVUHBZPHBTJEEIJQSBEDZVU]]]]

Page 5 of 45

<TZ:YHQRTC@MSS(V@1LS@DCJ@
BLVBBLUJSBTVEOBOUBUSUINUPEBL]

MSLHGL@O@Q@MSR@$.XeC@C@ 
BOBOUBNBIJNQSOBOUBTBVLIZBQSBEOOBE]]]]

YDCDUS@L4HS1Q@DQ@LSmHO:(
BFBEFWBUNSUJSBHIPSNUBSQJ]

HU
@I@KYLM(eS*X1FHSC@ 
BWJEZKMBBNBOIZBQSBUBSLZBHBUJHSBE]]]]

YDHURG`(13UYDFT:FTH S@
BFBWJHIOBTBIBSUSUWBFBHVBHVNQIJU]

\@MHSHLQ)X@DHSQMTGOQ@X:@ 
BKOBUJNJSBKZPUJSBOVHSBIBQBSZB]]]]

HQ@L@MU
@&XMSR@Q@JKHJM(
BCIJSNOBWBEZHZBOBOUBTSLBMBLJO]

@Q@D&XC@MCU(3U@O@HS1HUM@HYM( 
SPHZBEOBOEBWBMMUWQBOOSUJWJOJO]]]]

@oX1LTHS1Q@XTX@@%@
@e@X1RDHUS@
DBSZBNVSUJSZVZIZIZEZQSSZBTFWJU]

@/X@HX-X@HU
@.X@3U@MC@s@RC@HXM( 
QZZJOZQUBWJEZLIZUWOBOEWTBEZJO]]]]
Page 6 of 45

@K2X-X@OC@G`(@MC@LSUH1:(
MBTZBHIOZQBEIBOUSIZOBOENUBWBSJ]

Q@US(uC@`(u@H3Uu@O4S1 KeC@ 

JSWBUBEUSUWJQSUBQIBMBQSBE]]]]

HSG@RrTS(E@V@1H3UG@LT`YTeC@
JUJITBSVUZSUIUWJINVUSBVCIBQSBE]

)X@Y(KRHL)XDt@H3U@HCOHQUHCS@ 
JKZMBTBNJKZFIUWJOESEJQBSJWBOEJU]]]]

K@KJ@QL@KD@H3UHCQ@Q,XLHCQ@
JMMBLSBNMFEEIUWJOEJSSBNZBNBOEJS]

HCHCQ@HCRRD5X@H3UsQ(sQU@ 
JEJOEJSEJTBTFWZUWJWBSWBSBWBMMBCI]]]]

HS(HSGQDE@B3U(EM(XBHQ`S
UJCIUJIBSFZDBUWBOZBDBSJUSBCIU]

3JuYHk3Ju@DETOLEKB@HQ:( 
VULBBLUJSVULPVQBNBBMBDSJ]]]]

HCS@AQL@F@D1w@DQFK@DJHUG@HQ:(
VEJUNCBSBNSHPTSPSBHBMPLBWJISJ]

<@DU1Q@D3OK@D3J@ODBQ:U@ 
VLPSWBSPUQBMPULVNCIVQFOESBDBSBBESBW]]]]
Page 7 of 45

C-U3O4HS1GDSTo@DC@Q@D3R@GeUHW1M(
VEBOWBUQSUJIFUVDPESPPUTIBQSBWBSEIJO]

bDF-XT:YLM(:QH9LRTS@HeX@ 
VEWFHBHIOZVBBNBOVBSBNJTVUQSJZ]]]]

3OH^H2VHSRG@QJ@HQZXTOHQB@HQ:(
VUQBUUJTUIJUJTBISBLSJZVQBSJDSJ]

=IUG3X4I1WQ@DI@1US(B@DHL1L@HKM( 
SKBWBIBOUZSKBEIBSPSKWBUDPSNJNMJO]]]]

=7U1QDSHeX@D7U@17U@
4HL1K@D7U1FHSeC@
SEIWBSFUBQSJZPSEIWEIWEZSNJMPSEIWBHBUJQSBE]

;HUC2STSH1o;:`XHUM@HYM( 
JWOEBTUVUBSEEIJDBBUSBZBWJOJO]]]]

;SQH1C@`(B;*2UmO@;ITHeX@
UBNCIBSBSEEIJEUSDBLTWBSQKVQSJZ]

;<L@F1UG<@1HB1;1ITL@F1eCHY1M( 
LBNSHBWBIBSLSDJSKVNSHBQSBEBSJO]]]]

HWS@HNKWL@1V@13UDJ$J@LSC@HXM(
FEIJULIJMBEIBSNSUIUWFLBJLNUBEZJO]

WM(X2U@U$)X@3UDHIS@YDO@SJ@ 
FEIBOZBTWBCIWBJKZUWFKJUFBQUBL]]]]
Page 8 of 45

DsX1C$sX1mO@$HS$CU(
THS
BJWBSZBEBJWBSZBSQIZBJUJIZBIZBJOEBWEZVUJ]

@DIH2U-X@DW(<D`L@DI@DC@$CMC@HXM( 
PKBTWJOZPBEILFUSBNPKPEBVEBOBEZJO]]]]

@Dt@LS@$3XC@`(3U@$WUQ@DHF:@L
PINUBVOOBUZBEUSUWBVBEIBNCIBWBSPHJN]

@$C@X1BBTQ@$OD(3U@$(@$LDXmHO:( 
BVESZBDBDVSBVQFOESUWBVHSIZBVNFZBSQJ]]]]

AQ@7UUG@At@AQL@K@ATID<:@
BNCBSEIWBWBICBINCBSBNMNCVKFLB]

HAJ@ATLG@X@DHMQW@DC@WJG@HQ:( 
BNCJLNCVNBIZPOJSBOEIPEOEIBLBISJ]]]]

YTL@K@YTLS(3UF(JSE@MM@
BVNMIZBVNBUUWBHLUBBOBO]

WS@HLwGXWTQIM@IM@US( 
BOEIBUNJTSBIBOUSZBOEIVSBKBOIZBKBOWBU]]]]

J+X@:J@HQ:(J@,X@JLK@D3OKFHWM(
LBMZBLSJLNZLBNBMPUQBMBHBOEIJO]

JLTbS(JLHKM(J@HSJH+OSC@HXM( 
LVNVEWBULBNBMJOLOUJLBMQJUBEZJO]]]]
Page 9 of 45

J@BM@<(J@LWDMTJ(HS1J3DYM@HYM(
LDBOLLNBEIFOVLSUJLULMFBOJO]

STrDt@ST K@JL1AWHUDHCM( 

LSBUVSFILSBUVQIBMLBSNBCBOEIBWJCIFEJO]]]]

JLK@<(LGQ@JY@MTSOM
THS
LBNBMLLMBNBIBSLOVUBQBOBEZVUJ]

Jk:@@1BJ+X@:(JHKJ+LM@HYM( 
LBSVSESDBLBMZLBMJLBMNBBOJO]]]]

J@LmO@HX@YHJLK@D3OKL@HKM(
LNBSQLSJZBLUJLBNBMPUQBMBNMJO]

JP2V@Jk:@J@S@JL1X@M@JK@US( 
LVBTUILBSVLOULVSNBZOLBMWBU]]]]

JLK@J+OKHSJ@J@K(JKTU$HQ:(
LBNBMLBMQBMBUJLLMLBMVBWBJSJ]

JLM(XIK@Jl@JOHC1RTJOC1F@ 
LBNBOZBKBMLBNSLBQBSEJTVLBQBSEBH]]]]

J@KJPeYLM(JCAJRTLHeX@
LMBLVBQSBBNBOLBEBNCBLVTVNBQSJZ]

J@HKC(JDHKKHKS@JKJ@DKL@HKJ@ 
LMJOELFMJMBMJULBMBLBMMPMBNMJL]]]]
Page 10 of 45

@SK@DJ`X@JEJESMXU3RK@
LSOUBMPLBUSBZLBLBUBOBZBWBUTBM]

NHEFM(NEFW@Q@@NF@NEDW@HQ:( 
LIBHJOLIBHBEISCILIBHLIBFOEVEISJ]]]]

NDNDKF@HLM(N2V@NEDHSKJHeX@
LIFLIFMBHNJOLIBTUILIBFOEVUJMBLBQSJZ]

NDBQ(NDBQ(U
@.X@HS.X@HSeC@HXM( 
LIFDBSLIFDBSWBOEZLIZUJLIZUJQSBEZJO]]]]

NHCSe:S@@$@NKATHHUM@HYM(
LIBOEJUBQSBBUHIBVHILIBMBCVEEIJWJOJO]

N@S$MJCRC@DG@NEFNPU@FNDHPM( 
LIUBJOBLBOEBTBOEPILIBHBLIBWHBLIFJO]]]]

NQRS@OYLM(NHMO(X4O@VR@L
LIBSBTBOUQBBNBOLIBOJQZBQUIBTN]

FF@FWUHSF@$Q(FWU1MFQHeX@ 
HBHHBOEIBWBUJHBVSHBOEIBSWBOBHBSBQSJZ]]]]

F(Q@F(FT:LX(FS@SJ@FHSHeX@
HBNCISHHVBNBZHBUUBLHBUJQSJZ]

F:M@V@HAJ@F(S@F
O
OHQuTS@ 
HBBOUINCJLHUHBEZBQBEZBQBSJVU]]]]
Page 11 of 45

F@W@Q(F1YLM(FHSuFHSeC@
HOEISHBSCIBBNBOHBUJCISBBHBUJQSBE]

F@DLS(FTHU
@F@$F@D1/`(FFMF@HLM( 
HPNBUHVIZBWJEZHBVSHPQUSHBHBOBHNJO]]]]

F@D`eUHW1M(FTZX@FT:@S(S@FT:@:(
HPUSBQSBWBSEIJOHVZHVUUHVHSB]

FTG@HAJ@HFHQRTS@F@DHUC@HRLTaU@ 
HVINCJLHJSJTVUHPWJOEHISJTBNVECIBW]]]]

FT:HMXBHQ`@BF@X`(HFHQYHeX@
HVBOJZBDBSJUSDBHZBUSHJSJBQSJZ]

F4%mO@FT:US(FTU(1F@$QUUHW1M( 
HIBSQHVBWBUHVSWHBVSBWBWBSEIJO]]]]

GO(E@GQ@FT@FQ(F@MU3RK@
HSBIBQIBSHVOESHBSBHIOHOBWBUTBM]

L1G`(SUS(SSTHueC@HXM( 
HIBSNBIBOUSHIUBWBUHIUBUVJQSBEZJO]]]]

P@QUHeX@@DQ@@$HU7URJ@HQ:(
HIBSBWBQSJZHIPSHIBVHIBWJEIWBTBLSJ]

@:STHuJQ(@D@M@MC@MHeX@ 
HISBUVJLBSHIPHIBOOBOEHIBOBQSJZ]]]]
Page 12 of 45

@STJ@41H:SIK@uO@SJRSHS
HIUVLSHIJUBKBMHIBQUBLBTBOUBUJ]

PJHPeO(S@O@HPS@YDLFK@ 
HIBBLJQSBQUQHIBJUFBNBHBM]]]]

:US(:HMHW12LQ@4JM@HCM(
HIBWBUHIBOJEIJSHIBTNBSHILBOEJO]

TR:@HOIQSMT11Q@1Q2UM@ 
HIVTQJKBSBUBOVSHIBSHIBSHIBSHIBSBTWBO]]]]

BHJ@BJ@S@AToBC@O@BK
THS
DBOESJLDBOESBLOUNCVDBDBEQDBMBEZVUJ]

HB-LX(HBHSmO@BB@XTSYS@MM@ 
DJONBZDJUJSQDBDBOESZVUBBUOBO]]]]

B@ODXK@DBM@B@ko@UF(B@kF@HLM(
DNQFZBMPDBODSVDSWBHDSVHNJO]

B@X@1B@HQ`HMKX@HB`JH`mHOM( 
DSZDSJUSBOJMBZDJUSBLDDJUSBSQJO]]]]

BO4oCMYT"XAToB1M(X@HBQH2VQ@
DBNQDBOEBOBVDZBCVDBSDBOZDJSBTUIJS]

B@kBOJL@K@%@BHLS@YDJS@ 
DSVDBNQBLBNMIZDBNJUFBEVLU]]]]
Page 13 of 45

HBC@J@YUG@HB3X@BB@LQU(HIS@
DJELBWBIDJOUZDBDBDDNBSBWKJU]

B@DHQS@YDUHBM@BHQS@YDLEK@ 
DPSJUFBWDJODBSJUFBNBBM]]]]

#DHCS@HNKO@O@$@#(#KG@HQ:(
DIFEJULIJMBQQBVHIDIBENBHIODIBMBISJ]

#H`HUuOSK@#@DHPS@YDAWM@ 
DIBOOBUSJWJBQBUBMDIPJUFBCBOEIBO]]]]

#THQS@LSW@Q@$@H#$M@9#CF@HLM(
DIVSJUNUBEISBVHIDIJOOBJODIBOEBHNJO]

#`(JSLQ@K@$@#HPJSHMI@LS@ 
DIBUSLUBNBSMBVHIDIBJLUBOJKNU]]]]

I@{U()X@IF-L@S@I/X@I@KU(HBJ@
KIOBWKZKBHBONUKBQZKBHIMBWDJL]

IX@IM@C1Me(S@IT:(X@IFHS@ 
KBZKBOSEBOBQSUKVBZKBHBEEIJU]]]]

I(UMI(UMe@:@IF))XDt@IF-LX(
KWBOBKWBOBQSKBHBKKZFIKBHBONBZ]

I(UI(U@STKHSJ@IH-LI-LHMAHG1:( 
KWBKWUVMBUJLKBONJKBONBOJCBSIJ]]]]
Page 14 of 45

I@EHU7URMJQ(IF
@DHMI1K@HUK@
KZBWJEIWBTBOBLBSKBHBEZPOJSKBMWJM]

IFC@MCIMM(IKI@IKID<:@ 
KBHBEOBOEBKBOBOKBMBKKBMBKFLB]]]]

IMK@DBMO(X4@IP@SPHUG@HQ:(
KBOBMPDBOBQZKBUBBWJISJ]

IXS(IIO4J(IHMS\@MHUG@ 
KBZBOUKBKBQLBHIOKBOJUBKOBWJHSBI]]]]

'Q(U@
JYK@'K)'@KIK@US@
KIBMMBSWEZBLVBMKIBMBKKIMBKBMWU]

H'P(YU
@'J@QJ@HQM(''1Q@US( 
KIJBWBOEZKIBLSBLSJOKIBSKIBSWBU]]]]

P(HJS@YDO@S@K@PHJJ$M@DHO@PMD
LJUFBQUMBLJLBJOPESJQBOF]

PJ@QM3X3J@DK@P(JM(XLG@SP@ 
BLSBOUZBULBMMPMLBOZBNBIUB]]]]

EAQeUG@E(MQ@IGRJK@JK@
BNCBSBQSBWBIOBSKBIBTBLVMLVM]

ELEELkG2S@BE@LQ@DLG@EJ@ 
BNBBNBSVIBTUDBNBSPLUBNBIBL]]]]
Page 15 of 45

%@$HJS@YDHMU@1:@%@M@CBKK@
IBVLJUFBOJSWIBLLOEBDBMBKKBM]

%TH%HUDYIMM(%:E%TH:SO@SJ@ 
IVIJWJHIOFBKBOBOIBBIVJUBQUBL]]]]

SO1:(S(V1S(V@1BH`OV@H`CYDsQ(
UBSQBUSUIBUSUIDBUSJQBUIUSJEBFWBS]

H`K@DJF@D/`(S@DXDY(`$K@D*XOHQUHCS@ 
USJMPLBHPQUSUPZFUSBJMPLZBQBSJWBOEJU]]]]

S@OH`SXRG`(1SDI@DAKHUUHW1M(
UQBUSJUBZBTBIBSUSUFKPCBMBWJWBSEIJO]

H`KyX@S@Q:(S@Q@S@Q@OHSJQ@HB1S@ 
USJMBLZUSBUSUSQBUJLBSSDJU]]]]

`$K@D*XO@U:(OTZX@STHuC@STHumHOM(
USBJMPLZBQWBQVZUVJEUVJSQJO]

S:@#D`(S(V1L@S@H`HULOC@DaU@ 
UDIFUSUSUIBNUUSJWJLSBNBQBEPECIBW]]]]

SO@DLX(SO@DmO@SO2S@DL KeC@
UBQPNBZUBQPSQUBQBTUPNBQIBMBQSBE]

`$K@D*X5X@HOM(SH2SHJ^_UmHO:( 
USBJMPLZBWZQJOUQUJTUQUJLUUBUUWBSQJ]]]]
Page 16 of 45

`$K@D*XRTCQ(STX@1STX@1S(SOCeC@
USBJMPLZBTVOEBSUVSZUVSZUUBQBEBQSBE]

`$K@D*XKyL(HvOC(S6X@HSHLQBHJ@ 
USBJMPLZBMBLNTUSJQBEUBUIZUJNJSBDBOESJL]]]]

SDI@DF@1SOR@Q@H`OTQ@HQHYQ@DFG@
UFKPHBSCIUBQBTSUSJQVSSJJSPHI]

`X(2UmHO:(S-U(SOM@FI(HSMTS 
USBZTWBSQJUBOWUBQBOHBKBCIUJOVU]]]]

SHQ2SQH:I@HL`SHO1S@YDO4U1I@
UBSJTUBSBJKNJUSBOUBSQJUFBQSWBK]

STK@HUQHGS@S(pO@OS4KSM4MO@S 
UVMWJSBIJUUWSBQQBUMBUBOOBQU]]]]

C@HQCLM(C<@eD<@HC5XLEM@
ESJESZBEBNBOEBLEVQSFLEJWZBNBBO]

C(<@US(Q@U@/X@@<@LWTQU@HQS 
ELWBUEVSWQZESLNBEIVSBWSJCIU]]]]

CHY1S@MDJJSTJ@uI1XNzS
EBSJUOFLBLVUVLEVBEVSKBZBEVLIBIU]

C$-XzHQS(BC@MU@HQOC@fI@ 
EBJOZBIEEVSJUBHIODBEOBWSJQBECKBK]]]]
Page 17 of 45

CCY4JHU(BC@HQS@@$RSHS
EBOEBLBWJBHIODBESJUHIBVHIBTBOUBUJ]

S@CDUL"#@U@1Q@HU@HSM( 
ESVUEFWBESVNBDDIBOOEVSWSHIBWJHIUJO]]]]

CL@@CDUL@S@CDUK@DJeCHY1M(
EBNBHSIZEFWBNUEFWBMPLBQSBEBSJO]

CDUCDUHeX@CDU(HC*O@KOCC@HXM( 
EFWBEFWBQSJZEFWEJLQMBQBEBEZJO]]]]

C(@1XTJ@HQ:(C(@1C@D&(:UHI1S@
ESHIZVLSJESHIEPHHISEBBWBSKJU]

&W@ATU@HG:(C@D@HC5X@HC5XFHSeC@ 
EVHEINCVWIJEPIZEJWZEJWZBHBUJQSBE]]]]

TMC(C(MYQ:CDHGCDGHMU@HQ:(
EZVOBEEOBBSBBOEFIJEFIBOJWSJ]

@(XR(C@G`(HCSO@SJRSHS 
ESHIZBTEHIBIBOUSEJUBQUBLBTBOUBUJ]]]]

QCDY@SQBQ(F1L@CDUU@
ESBEFOUBSBDBSEVSHBNEFWBWBMMBCI]

U1^(HU1F@@CX@W@Q@CX@US( 
EVSWUUBHIOEVSWJHIZEBZEISEBZWBU]]]]
Page 18 of 45

Q@RC@C@MY(K@@HU:(HG:2STS@
EVSTBEEOBMESWJESVIJBTUVU]

C$3XC@MURYTHJ`(1AT1HG@HQ:( 
EBJUZBEOBWBTBVEEIJLBSUSEVSCVEEIJISJ]]]]

C@MR@Q@CX@R@Q@
@U@4HLHUF@HGM(
EOBTSEBZTSEZWCINJWJHIJO]

}u@}u Ke@HCD1US@UCUHCS@ 

EEBQIBMBQSQUJSEFWBUWOEBWBOEJU]]]]

C(1pS@C(1}HuC(1S@DX@Q@K@
ESHIBWSBUESHIBEJSEQUBUPZEVSMBCI]

CEHX`(CEM(HS1uCEWQ@HB1S@ 
EBBZJUSEBBOUJSEVBEBBEIBSSDJU]]]]

Q@DCQ(C@U@HB11U5X$JYDUHW
EVSPEBSBHIOEWSDJSESBWBEESBWZBJLBFWBEIJ]

C(MRS@OYLM(C@`(CUVTU$HQ:( 
EOBTBOUQBBNBOEUSEBWBUIVWBJSJ]]]]

CQ(HUC@Q:OQ@C@S@C@SIMHeX@
EBSWJESBBQBSEOUEOUBKBOBQSJZ]

C@HQS@HSP@F@1F@1QZXeB@HQ:( 
ESJUESJUBEVSHEVSHSBZBQSBDSJ]]]]
Page 19 of 45

WL1U@WL1WTQ@WDMTW(1Q@WHST1U@
EIBSNBESBWEIBSNBEIVSEIFOVSEISEIUJSEISVW]

WDMTC@M K2OY@1WL1J@L@V1L@D<C@ 

EIFOVEOBQIBMBTQBSEIBSNBLNSUIBNPLBE]]]]

WL@D1HL1U@HGM(WTX@1W@`(W@`(HU4:L
EIBSNPSNJWIJOEIVSZEIUSEIUSWJCIBBN]

WHL1:(WL1Y(K@BWH-UJHPJS@UM@ 
EIBSNJEIBSNBMDBEIBOWJLJLUWBO]]]]

7X@SO@OGQ@7XDX@W@UM(W4SJ+L@
EIZUQQBIBSEIZFZEIWBOEIUBLBMNB]

WL1W@Q@WL1R@Q@WMC@WMUHW1M( 
EIBSNBEISEIBSNBTSEIBOBEEIBOBWBSEIJO]]]]

WL@1WL1FT:"#D`(W^4QJRTLHeX@
EIBSNEIBSNBHVBDDIFUSEIBUUSBLVTVNBQSJZ]

WLD1Y(WL1Y@v\@WMW@-XRLHJS 
EIBSNFEIBSNBTUSBKEIBOBEIOZBTBNEEIJLU]]]]

WL1K>X@WL1IK@WL1eRUWHL1:(
EIBSNBMBCIZEIBSNBKBMEIBSNBQSBTBWBEIBSNJ]

7X@MF,X2UmO@BWQ:(W@SO4HIS@ 
EIZOBHBNZBTWBSQDBEIBSBEIUQKJU]]]]
Page 20 of 45

W4W41I1HPIP@R2V@W-X@W(W@1Q:@US(
EISEISKBJKBTBTUIEIBOZEISEISBWBU]

MC@HMU@1:IMM(MHCM(MTO@SJ@ 
OBOEOJSWBKBOBOOBOEJOOVOOBQUBL]]]]

HMHHUHMBX@HMI@MCeJ@HYM(
OJJEEIBWJHIOBOJDBZOJKOBOEBQSBLJO]

M@DF:BQ(M4HSM1,X@M@Q@X:(MTS@ 
OBCIPHBBDBSOUJSOBNZOSZBOVU]]]]

HML1K@HML1K@.X@M@M@HYM(S@OROC@L
OJSNBMOJSNBMLIZOOJOUQBTBNQBEN]

HMXS@HM3XRTNC@M@M@oX1LG@HMHW 
OJZBUOJUZBTVLIBEOODBSZBNBIOJEIJ]]]]

MC(MCRQ@DL@S@M@HXJ@M@JC(H1J@
OBEOBEBTBSPNUOZJLOLBESHIJL]

Mu@DQ:W(Q@BMCM@MCC@HXM( 
OBPEEIBSBBEISDBOBOEBOOBOEBEZJO]]]]

HMH:1@YDTUM@HMRF@HMkOU@
OJSJLUFBCIVWBOOJTBHOJSVQBESBW]

HMQ@KA@HMeOB@HM:@1HYSLG@LK@ 
OJSMBNCOJQSBQBDOJSJUBNBINBM]]]]
Page 21 of 45

HML1K\@MIMM(HMYDe@H:S@OzS
OJSNBMBKOBKBOBOOJFBQSJUQBIU]

HM3X@D3RU@HM3XS@ML2J@X@1HMQIM@ 
OJUZPUTBWOJUZBUQUOBNBTLSZOJSBKBO]]]]

HMt@US(HMQ@SJ@HMKD1O@HMoK@H3LJ@
OJIWBUOJSUBLOJSMFQOJDBMUNJL]

HMQU
@HMQ(G@BM(KK@DHGSL4W1F@ 
OJSBWBEZOJSIDBOMBMPIJUBNSEIBH]]]]

MHCHFF:2ST3X@M@F@MC@MF@3LI@
OBOEJCIHJHBBTUVUZOHOBOEOBHUNBK]

HMe3X4G@M@JMC(HMQX@:1UC(1M@$ 
OJQSBUZIOLBOBEOJSBZSBWBESHIBOBV]]]]

OTZXeC@OTZXF@1OTZX@OTZXSQHF:(
QVZBQSBEQVZBHBSCIQVZQVZBUBSBHJ]

OVTOVT K@O4:@1e:S@HS1eHIM( 

QUIVQUIVQIBMQSQSBBUSUJQSBCIBKJO]]]]

e@:C@e@H:IMM(e@:DY(e@:mHO:(
QSBEQSJKBOBOQSFQSBSQJ]

O@KX@OQ@YHOTQHI3OQLHeX@ 
QBENMBZQBSBLUJQVSBKJUQBSBNBQSJZ]]]]
Page 22 of 45

OQ@OQ Ke@HO@UM(BOXH2UM(
QBSQBSBQIBMBQSQUJQWBODBQBZBTWJO]

OQ@MC@eJu@V@1eHSt@O@KM(OQ@ 
QBSOBOEQSBLSUIQSBUJIQMBOQBS]]]]

OTQ@:OH0S@e(S@e:U@<QmHO:(
QVSBQBIJUQSUQSBBWLBSBSQJ]

O@U1S(eDLRO@OYTO@YHUL@DBM( 
QSWBUQSFNBTBNQBOOQBVQBWJNPDBO]]]]

OQL@3L2UmO@BOQg|eJ@HYM(
QBSBNUNBTWBSQDBQBSBCSBINBQSBLJO]

OQL@MCHMOC@e@XHo^2UmHO:( 
QBSBNOBOEBOJQBOEQSZBDJUUBTWBSQJ]]]]

O@M(XmOHMU@1:@OHQ`@:OQ@X:@
QOZBSQBOJSWQBSJUSBQBSZB]

O@ODWMCU)U@K@O@O@HQO@OM@LMTS 
QQFOEIBOBEBWBKWMQQSJQQBONBOVU]]]]

OQL$sX1IMM(e\@e@\@OQ@OQ@
QBSBNBJWBSZBKBOBOQSBKQSKQBSQBS]

e3X<KyL(O@<(OQ5X@DL@LSwU@ 
QSBUZBLBMBLNQBENLQBSBWZPNNUBTSBW]]]]
Page 23 of 45

eRmO@eH:HWO4S@e3X<CDUS@
QSBTBOOBSQQSBJEIJQUQSBUZBLBEFWBU]

HOM@HJOQLe(S@OQLDHtJLEKT 
QJOLJQBSBNBQSUQBSBNFIJLBNBBMV]]]]

OM@OC@XD1:eR4S@OL@HKM(
QBENBOCIBQBESHIZFBQSBTUQBENBNMJO]

OQH1C@OTHuJQ(O6X@O4HS1e@US( 
QBSBSEEIJEQVJLBSQBUIZQSUJQSBCIWBU]]]]

OTM@M@O(SF1(O@OOU1SM@HYM(
QVOOQUBHBSCIBHIOQQBQBSWBUBOJO]

HKM( KG2S@B @ATIHUK@DBM@ 

QIBMJOQIBMBIBTUDBQIVMMNCVKBWJMPDBO]]]]

@HKS$M@DLG@<D`@ H:K@DJHU4:L
QIMJUBJOPNBILFUSQIBJMPLBWJCIBBN]

DM"#Ke:T$M@ J$QUFHWM( 

QIFOBDDIBMBQSBVOOBJOQIVMMBLBJSBWBHBOEIJO]]]]

DHMK@"#@ATW@Q@@ ET@HPSO@SJ@
QIFOJMDDINCVEISCIQIVVDDJUBQUBL]

@H:S2U@RHKK@ @PO6XIK@HUK@ 

QIJUBTWEVTBMJMQIBQBUIZBKBMWJM]]]]
Page 24 of 45

HUsL@S@BHUsDY(HUs@HUsDsQHeX@
WJWBNUDBWJWFWJWWJWFWBSBQSJZ]

g|ZX@g|J@|(gH|t@HULK@DCJ@ 

CSBINBZCSBINBLECSINCSBINJIWJNBMPEBL]]]]

HU@UQ(BHUQI@HU@S@MDJHUuO@
WJCIWBSDBWJSBKWJLSOUOFLBWJBQ]

HUsHL`HU:TOC(U$:U(U$:UHeX@ 
WJWBNJUSBWJVQBEWBJBWWBJBWBQSJZ]]]]

HUmO@<HeXJQ(HU4HSHU1sS@DLTN(
WJSQLBQSJZBLBSWJCIUJSWJWBUPNVLI]

HUO@Y@U$ATW(UD
@UDC@<QQRwU@ 
WJQWBJCVEIWFEZWFELBSBSBTBTSBW]]]]

HU
@UDFUS(U
@AG:(g|U@HCM(
WJEZWFHBWBUWBOEZCIBCSBINBWEJO]

UQC@HUeJu@BUHQt@BHUY@DWM( 
WBSBEWJQSBLDBWBSJIDBWJPEIBO]]]]

HU
@WQ(HUY@DJ@BUX@DUCHMDHUS@
WJEZEIBSWJPLDBWBZPWOEBOJFWJU]

ACJ@AKUS(5X@DL2V@HUATWHeX@ 
CBIEBLCBMBWBUWZPNBTUIWJCVEIBQSJZ]]]]
Page 25 of 45

U@:(UDCUS(HU^@g|HU
@SQHF:(
WWFEBWBUWJUUCSBINBWJEZUBSBHJ]

g|@EJHP5X@@ATg1|G3X@OG@HQ:( 
CSBINBLJWZQUNCVSCSBINBIBUZQBISJ]]]]

g|DYHU:TmO@BATHHU1UUHW1M(
CSBINFBWJVSQDBCVEEIJSWJCIBWBWBSEIJO]

HUK@HRRTNC@U$9X@5X@HOM(BU@QH: 
WJMTJTVLIBEWBJZWZQJODBWSBJ]]]]

U@JL@$HKHMKX@HUO@HS1eHIM(
WLBNBVMJOJMBZWJQBOOSUJQSBCIBKJO]

HUM(S@HUMS@gSMX@HUMX@H-US@ 
WJOUWJOBUCSBEIOBUBOBZWJOBZOWJU]]]]

HUOB(U@
JYK@UD:TrTHSHUB<:@
WJQBDWEZBLVBMWFVSVUJWJDBLB]

UB12JQ(AKJQ(AK@D-L4HKSJ+L@ 
WBSDBTLBSCBMBLBSCBMPONMJUBLBMNB]]]]

HUO@/L@HUFS@SJ@HUJ+OOHQUHI1S@
WJQQNWJHBUUBLWJLBMQBQBSJWBSKJU]

UHuJ`(1UHuIK@HUHWHU1H"#AWM@ 
WJLBSUSWJKBMWJEIJSWJDDIJOOBCBOEIBO]]]]
Page 26 of 45

pSmO@HU^mO@AHUHUM@YJS
WSBUBSQWJUUBSQCBIVWJHIOBWJOBLU]

URTW@Q@URTLS(HUHB`@F(HU@URT 
WBTVEISWBTVNBUWJDJUSHWJCIWBTV]]]]

HUIX@HUsA(IBU@LCDU(UQeC@
WJKBZWJWBCKBDBWNBEFWWBSBQSBE]

U@HrS@HU(BHU\@M@D,XYTL@HKM( 
WSJUWJBHIODBWJKOPSNZBVNMJO]]]]

5X@@DFUS(@U@M(4S@HUM(
CIBWZCIPHBWBUCIBESCIBWOCIUBCIWJO]

4SW@`(XGQ@C@HQ@HSM( 
CIUBEIUSCIBZBIBSCIBLUBESJESZBHIUJO]]]]

THLTHeC@DY(2UF@1OUF1C@
CIVLUJNVLUJQSBECIFCIBLUBTWBSHQBWBSHBE]

@F(QV(@MTLS(@&X@DFUS(HS 
CIHSBUICIOVNBUCIHZBNCIPHBWBUCIUJ]]]]

UHeX@UbDu(4HSC@4HS4:@
CIBWBQSJZCIBWBEWFSCIUJECIUJCIB]

@KK@DBM@U\@4S5XU3eT 
CIMBMPDBOBCIWBKCIUBCIBWZBCIBWBUQSBCIV]]]]
Page 27 of 45

@HS\@MeYLM(Hg|@ELEO@
CISOUJKOBQSBBNBOCIJOOBCSBINBNBBQ]

4HQC@HRTK@@&XUHuF@DBQ( 
CISJECIBLUJTVMBCICIHZBWBEEJHPDBS]]]]

HIS@DO/KUJK@yX@D)XRTNeC@
CIBKJUPQBQMBWBLVMCIBLZBCIPKZBTVLIBQSBE]

H<:(X@H<TL@S@@U@@U2UmHO:( 
CIJLBZCIJLVNUCIWCIWBTWBSQJ]]]]

LC@HJM(LG@MC@L@S@LTHSQHF:(
NBOELJONBIOBOENUNVLUJUBSBHJ]

LG@DCX@LWTLS(LG@OTZX@LTC@JQ( 
NBIPEBZNBEIVNBUNBIQVZNVELBS]]]]

LTHM2STS@L@DGG`(LG@S(V@1LWTwU@
NVOJTUVUNPIBIBOUSNBIUSUINBEIVTSBW]

L@WU(L@HMM(L@-X@LM@DQVOV@HSF@ 
NEIBWNOJONOZNBOPSBUIBQBUIUJH]]]]

L@D<C@LHSC@LT.X@LG@@&XIM@HrS@
NPLBENBUJENVLIZNBICIHZBKBOSJU]

LG@UDFUS(LD7X@LG@LHGL4:@ 
NBIWFHBWBUNFEIZNBINBIJNBCIB]]]]
Page 28 of 45

LG@e@U@LGS(L(MBBKK@DBM@
NBIQSBCIWNBIBUNOBDBDBMBMPDBO]

LG@J@kZXRO4:@1LGH1oLG@D3OK@ 
NBILSVZBTBNQSNBIBSEEIJDBNBIPUQBM]]]]

L4HS1L-LTHQL:(LH:L@H:*X4:@
NSUJNBONVLUJSBNBNBJNJLZBCIB]

LT@JK@OMDO6X@LM@DMXMMHCM( 
NVLULBMQBOFQBUIZNBOPOBZBOBOBOEJO]]]]

LGO@SJQ@HY(LG@CDU@W1G@HQ:(
NBIBQUBLBSJHIONBIEFWSEIBISJ]

LG@DHL1L@HKM(LT@LG@CDU(LM@D-LM( 
NBIPSNJNMJONVLUNBIEFWNBOPONBO]]]]

LG@OTZX@DCXe@/X@L@X@HSHLQBHJ@
NBIQVZPEBZBQSQZNZUJNJSBDBOESJL]

LG@HU
@LG@L@X@LG@LDW@LG@$WL 
NBIWJEZNBINZNBINFEINBIBVBEIBN]]]]

L@K@WQ(LG@DO@X@LG@DQFHU4:@
NMEIBSNBIPQZNBIPSBHBWJCIB]

LG@L@DGeYLM(LG@LFKLFKL 
NBINPIBQSBBNBONBINBHBMBNBHBMBN]]]]
Page 29 of 45

L@SELEKBQ(LG@KyL(L1C@DH)'S@
NSUBBNBBMBDBSNBIMBLNSNBEPKKIJU]

XYH2UM(XY@DC@BX@D&X@XT@3LRDHUS@ 
ZBBTWJOZBPEDBZPHZZVLUUNBTFWJU]]]]

X@DFHRHeC@X@)X@X\DYOHQO4HQS@
ZPHBTJEEIJQSBEZKZZBKFBQBSJQSJU]

X\DY(X\ KC@XIM(X@XY2JQ( 

ZBKFZBKBQIBMBEZBKBOZZBBTLBS]]]]

XHLRD5X@X@DFX@DHMX@D1HFM(XTATHC@
ZBNJTFWZZPHBZPOJSZPHJOZVLUBCVEEIJE]

X@DF\@MeC@XT@XL@
u@FX@DFXTJ 
ZPHBKOBQSBEZVLUZBNEZBHBZPHBZVL]]]]

XH`S@@$RB@Q@XLK@DJHMU@HQ:(
ZBOUSJUHIBVHIBTBDSZBNBMPLBOJWSJ]

X@S@X@SeYLM(X@SM@M@LJSM( 
ZUZUBQSBBNBOZUBOONBLOUBO]]]]

X@HLM(YHGL@"#@DC@XTFWL1HUUHI1S@
ZNJOBIJNDDIPEZVHBEIBSNBWJWBSKJU]

QDUS(QHSJ,X@QF@1QL@QHS 
SFWBUSBUJLESBNZSBUOBHBSCISBNSBUJ]]]]
Page 30 of 45

Q@JQeDLO@`QR\@QRmHO:(
SBUOLBSBQSFNBQUSBSBTBKSBTBSQJ]

Qe@R@CF@1BQL:(XSQHF:( 
SBUOBQSTEBHBSCIDBSBNBZBUBSBHJ]]]]

Q@B(1kQL:(Q@FbDHUM@HYM(
SBUOSDSVESBSBNBSHBEWFBWJOJO]

QL@Q@L@Q,XmO@Q@DHFI(U@STmHO:( 
SBNSNSBNZBSQSPHJKWUVSQJ]]]]

kHBJ@DBM(Q,X@kHBQ@Q@DFG@HQ:(
SVDJLESPDBOSBNZSVDJSSPHBISJ]

Q@IGR@QUS(Q@I3J@DKQ@HIJ@ 
SKBIBTSBUOBWBUSKBULBMMPMBSKJL]]]]

Q@L:(XJQDN@BkI@Q(Q@DFQ@DH:(
SNBZBLBSFLIDBSVKSSPHBSPJ]

Q@J@QJ@HS1YLM(Q,X@Q@DKAQ@HU:( 
SLSBLSUJBNBOSBNZSPMBNCBSWJ]]]]

Q@HF:(QHISHYU@mOK@UZXYDUHW
SHJSBKJUBJWSQBMWBZBFWBEIJ]

K@DJeR4K@D1JU
@K@DK3J@DKL@HKM( 
MPLBQSBTSMPLBWBOEZMPMBULBMMPMBNMJO]]]]
Page 31 of 45

K(K@US(K@DJ4HLK@D1JK@DBMBHJ@
MMWBUMPLBCINJSMPLBMPDBOBDBOESJL]

KDNwUS(KP@KTUDF@KT3UzS 
MFLIBTSBWBOUMBBCIMBHIVWFHMBHIVUWBIU]]]]

K@2X^QFG2S@BKHKS@KXHFF@
MTZBUUBSBHBIBTUDBMBMJUMBZBCIBHJH]

K@DJAWTK@D1JW@`(K@DJ^QFT:@DHI1S@ 
MPLBCBOEIVSMPLBEIUSMPLUUBSBHVPSKJU]]]]

K@DJ`XHGS@K@DJ@KyL(K1<:KH<S@
MPLBUSBZBIJUMPLMBLNSMBLBBMBLJU]

K(K@KH<SHMU@1:@K@UZX@LSUH1:( 
MMMBLJUBOJSWMWBZNUBWBSJ]]]]

U$s@MQ(U@RUDE@U7X3UOHQG@HQ:(
WBJWOBSWTBWFZWBOEIZBUWBQBSJISJ]

U@RTCDU@HQD:T(UHUHMU@HQ:( 
WTVEFWHISJSFVHIOWBKSJWBKSBOJWSJ]]]]

YT@US(YT K@Y@HSY@SMTU@
VCIWBUVCIBQIBMOUJOUBOVWBMMBCI]

Y4HKM(Y$YUUX@Y(SK@LSU@HGM( 
MJOBJBWBWBZUBMNUBWIJO]]]]
Page 32 of 45

Y@D@US(Y(KUS(Y@DHS@YDHJH+A@
PCIWBUMBWBUPJUFBLJMCJ]

YQZX@HYUC@HYu@YQI-LeR4HYU@ 
BSBZJWBEJBSBKBONBQSBTJW]]]]

YHYY@JHULK@YLM2URRLS@
BLUJBLBWJNBMBNBOBTWBTTBNNBU]

YL@YLML@F1(HYHSJ0LG@HeX@ 
BNBNBOBNSHBHIOJUJLBIBNBIQSJZ]]]]

YTHBYTHBJQ(YD@YDY@HXOC@DaU@
VDJVDJLBSFFBZJQBEPECIBW]

r(HMU@RrTHSr@r(LS(r(YTpS@ 
SOJWTBSVUJSBEEISNBUSVCIBWSBU]]]]

YTHU
@YT@US@1rTS@MC@rTHS2STHS
VEEIBWJEZVCIWBSUSVUOBOESVUJTUVUJ]

HYUDSQ(YAQ(Y@AQ(mOW@HQ:( 
JWFUBSBHIOBCBSNCBSSQBEISJ]]]]

9LY@MY@DWM(Y@S@Ys"#SWHSuTS@
NBOBPEIBOOUBWBDDIBUBEIUJVU]

Y@HKM(Y@HKY@D@%@HYHNU@GMF1S 
MJOMJPCIIZJLIJWIBOBHBSCIBCIU]]]]
Page 33 of 45

YRM(XBHQ`@BY@HSS@YDO@SJ@
BTBOZBDBSJUSDBUJUFBQUBL]

EFT:$sX1RO@EFrTHSmHO:( 
BHVBJWBSZBTBNQBOOBBHBSVUJSQJ]]]]

%S@G@HQRHKK@u@XCMC(YS@
BIBUISJTBMJMZZBOOBEBOBEBU]

RHQbQ@BRTQR@RTe@RTQC(H1J@ 
TBSJEWBSDBTVSBTTVQSBCITVSBESHIJL]]]]

2UHRWTRU1N(RU15X@HWLG@$WL
TWBTJOEIVTBSWBEVLIBHIOTBSWBWZEIJNBIBVBEIBN]

RD5X@HRHRS(R4H2JCR4oRQ2US( 
TFWZTJEEIJTBUTLUJTLBOEBTDBTBSBTWBU]]]]

RO^QHF:(2ST3X@2V@:TL@$HKJS@KX@
TBNQBUUBSBHJTUVUZTUIVNBVMJLUMBZ]

2V$X1C@RTF@R@$.X@v(TR@$@&XC@HXM( 
TUIBJSZBETVCIBHTBVLIZTUSVTBVCIHZBEZJO]]]]

2UF1HMrDHMJ@R4yL@2UW@2U@G@RTW@IK@
TWBSHBOJSFOJLTLNTWBEITWITVEIKBM]

RLTmHO:(2U&X@1RU1O@SJU$HQ:( 
TBNVESBSQJTWBSHZTBSWBQUBLBWBJSJ]]]]
Page 34 of 45

2LS@G@HQ:(R(S@RR@Q@H!WSQHEJ@
TNUHIBISJTUTBTSCEIJUBSBJL]

R@$@&XRTCQ(R7X@RU1R@QRLH-US@ 
TBVCIHZBTVOEBSTBOEIZTBSWBTSBTBNBOWJU]]]]

GQHeX@z(JDY(GRmO@HGQZLX(
IBSBQSJZILFIBTBSQIJSBNBZ]

zS@R@HGSJDK@GDK@FU1zS 
IUHIBTBHIIJUBLEEIFMIFMHIBHBSWBIU]]]]

<DLC@<@HKS@@$@<THU@HU:(<L@
LFNBELMJUHIBVHILVESBWJESWJLBN]

Page 35 of 45

 ^Q-X@R
VUUBSBOZTB

HSM@LRGwHGFF@X@JKY@DaU
JUJONBTBIBTSBIJHBHZLBMBPECIBWB]

J(S1HX3U@MQR,X&FF@x@M KKDS 

LSUBZJUWOBSBTBNZBHHBHTOOBQIBMBMBCIFU]]]]

RU1O@OeYLMRU1HUHUM@YML
TBSWBQQBQSBBNBOBTBSWBWJHIOBWJOBOBN]

RU12S@D`IO@"DtRU1O@UMO@UML 
TBSWBTUPUSBKBQDDISFIBTBSWBQWBOBQWBOBN]]]]

rX@(u KCBSTU1F1RLHJS
SBEEIBZCIBQIBMBEBDBUVSWBSHBTBNEEIJLU]

RJO@CU@@DHSDJST KLTMD 

TBLKKBQEBWQOPUJIZFLBLSBUVQIBMBNNVOF]]]]

RU1S(VD1TXx@SRU1X\DTC(H<S
TBSWBUSUIFVZBTOUBTBSWBZBKFVELJUB]

S2XX3 KLTHCuH`J@KO0M@SS 

UBTZBZBUQIBMBNVEJBOUSJLMBQBIBODDBUBU]]]]

Page 36 of 45

RU1pSDTX3OTZXR,X(:D1TU@EU
TBSWBWSBUFVZBUQVZBTBNZBLDSFVWBWB]

S3 KRLU@@DHSH`R7XHMXSO0M 
UBUQIBMBTBNBWQOPUJUSJTBOEIZBOOJZBUBQBIBO]]]]

x@MJ@KDO0D2STX`J`IK@YXD
TOOBLMFQBIFTUVZBUSBLVUSBKBMBZF]

S`RHHGS@M4MFF@H`OVF@LTMD 
UBUSBTBOOJIJUOOBHBHUSJQBUIBHNVOF]]]]

rDX@DV(1KSDrDX@DWM@V(1KSDWML
SFZPSUIMBCIBUFSFZPEIBOSUIMBCIBUFEIBOBN]

J@L(J@L@MU@@DHSL@D<@V(1L@D<L@TX@S 
LNLNOBWQOPUJNPLSUINPLBNQOVZU]]]]

UH`J@KO0M@"X@YTHBL@MR
WBSBOUSJLMBQBIBODDISBEEIBZVDJNOBTB]

;STJ@K@HFLM@COT`OT`U@-UDS 
UVLMCIJHBNBOEBQVUSBQVUSBWOCIBWFU]]]]

M@J@KLQ:S2XM@HB@DQ@HGR@7URL
OLMBNBSBBOUBTZBOHOJDPSIJTEIWBTBN]

M@j@RGwFF@X@X@DIOD"X@LTMD 
ONOTBIBTSBHBHZZPKBQFDDISBEEIBZNVOF]]]]
Page 37 of 45

FF@M@LRGwSTIU@@L@SQpIDS
HBHONBTBIBTSBOUVKBQUWHSNOUBSBWSBKFU]

J@X1HRHLU@@DHSHMHU1@DFDGL@HUYDS 
LSZBTJEEIJNBWQOPUJOJSWJHIOPHFIBNWJFU]]]]

HSHVU@Q<1X@DF@M@MC@DeUD^C@
UJUIJWSBSLBZPHOOOBEPBQSBCIBWFUUBE]

XC@IU@pIDCDS32S@D`@L@SQMQ 
ZBEKBQUWWSBKFEFUBUTUPUSBHSNOUBSBOOBSB]]]]

@XTQ@Q@D&XIMMRU@D1OUM@YML
ZVSSPHZBKBOBOBTBSWPQBESBWBOBOBN]

RU1HRHJQOTR@FF@M@LRGwJL 
TBSWBTJEEIJLBSBNQVTHBHONBTBIBTSBLBN]]]]

I-L@SQRGwDTX3O@OR,XFHI1SL
KBONOUBSBTBIBTSFVZBUQQBTBNZBHBSKJUBN]

FF@M@LRGw2XIOM@^3<XpIDS 
HBHONBTBIBTSBTZBKBQBOUUBULBZBWSBKFU]]]]

g|@DLHO2U:12SDX(BFTkS+OF
CSBINBHIOPNBQJTWBSBTUFZDBHVSVUBMQBHB]

S3RX@DF(4:GS@L@SG@HOSG@LTMD 
UBUTBZPHCISBIBOUNUIQJUINVOF]]]]
Page 38 of 45

HUs@R@S(FQCJS@DHL`@SJ
WJWTBHIUHBSBEBLUBHIOPNJUSBHIUBLB]

HC@DF@DUWJQ@DFTk5X@OG@QJ 
BHOJEPHPWBEIBLBSPHVSVESBWZQBISBLB]]]]

LG@O@SJXT@DHORXT@D/XTOO@SJ$
NBIQUBLBZVLUPQJTBZVLUPQZVQBQUBLBJ]

LT"XSDrX@IU@FF@M@LRGwJL 
NVDZBUFSBEEIBZKBQUWHBHONBTBIBTSBLBN]]]]

@HW5X@HWOHQH<@D@DQS@OOHQ/KTS
EIJWZEIJQBSJLJQUPHIPSBUQBQBSJQMVUB]

LT"XSDRU1ND>X2SU2X@2X@MTJ(S1M@S 
NVDZBUFTBSWBEVLIFCIZBTUBWBTZTZOVLSUBOU]]]]

RU3RQD:XT@3L@O0-HOQ@X:
TBWBUTBSFBZVLUUNQBIBOCIBLUJQBSZBB]

(H/RS@KDH3RHRU$1O@O$eLT"XSD 
BCIQTJUMBCIFUTJEEIJTBSWBJQQBJQSBNVDZBUF]]]]

RYX@HUuHB^2XWL1HUbDH:@DHOB
TBBZWJBDJUUBTZBEIBSNBWJEWFJPQJDB]

C@HJ2X@HOHGw2XBDS@DWL1OQUDS 
ENCIJLBTZQJIJTSBTZBDFUPEIBSNBQBSBNCIBWFU]]]]
Page 39 of 45

U:@1rLOV(M2STJ@L@DWHUUHI1S
WBSSBNBQBUIOBTUVLNBLSPEIBWJWBSKJUB]

X3 KKSD\@M(SC@@D3X2XJ(S1M@S 
ZBUQIBMBMBCIBUFKOUBEQOPUZBTZBLSUBOU]]]]

F@XXXTSI/XDMX3 KRLTO@HI1SL
HZBUSZBZVUBKBQZFOBZBUQIBMBTBNVQSKJUBN]

RJ3O0MSR,XCYDLU@TX@S 
TBLUQBIBOBUBTBNZBLUBEBFBNBWQOVZU]]]]

F@C_U@UDCHUDX3 KKSDJS(
HOEBUUWWFEBWJEVFZBUQIBMBMBCIBUFLU]

S3OTZXR,XF@.X@S2SUQ@IRJO@S 
UBUQVZBTBNZBHLIZUBTUBWBSKBTBLKKBQU]]]]

FTkYTr4:JU1-X@U(UMQ@D^L
HVSVVSBBLVSWBOZWBKKWBOOBSPUUBNB]

X3OTZXLI1XD^a@&UH`U:IOM 
ZBUQVZBNBSKBZFUUBECIHWBSBOUSJBWBBKBQBO]]]]

UDCO@Q@X:@3OTZXXC`OHQO0SD
WFEBQSZBUQVZBZBEBUSBQBSJQBIZBUF]

S3ZL@RDMKSDH`R7XOHQJ(S1M@S 
UBUBNTFOBMBCIBUFUSJTBOEIZBNQBSJLSUBOU]]]]
Page 40 of 45

FF@X@2SUQ@I2Xe3XGOHQY(KM@S
HBHZTUBWBSKBTZBQSBUZBIBNQBSJMBOU]

HYUHLU@@DHSHU:T@D VU@UDS 

JWBCIBLUJNBWQOPUJWJVCIBLUPBUIBWCIBWFU]]]]

XJ(S1XDCMTHCMFF@M@LRGwJL
ZBLSUBZFEBOVEJOBHBHONBTBIBTSBLBN]

S3RL(ODRGBQ(FF@CDU(RC@UDS 
UBUTBNQFTBIBDBSHBHEFWTBECIBWFU]]]]

RU1`O4)X@DUHSRU1`HUIX(UDS
TBSWBUSBQKZPCIBWBUJTBSWBUSBWJKBZCIBWFU]

RU1`RTNL@@DHSI@{U(2S@D`O@0S 
TBSWBUSBTVLIBNQOPUJKIOBWTUPUSBQIBUB]]]]

RC@B@Q(RHU\DXRYTHB2STRC$UHG
TBEDSTBWJKFZBTBVDJTUVTBEBJWBIJ]

JSRU1RTQ@B1RJ(S1XDL@2STHSL 
LUBTBSWBTVSSDBTBLSUBZFJNTUVUJN]]]]

SH2L2SDUD^@I@{U(M@`RYX
UBTNJTUQUFCIBWFUUQUKIOBWOUSBTBBZB]

S2L@SRU1eXDMFF@RLB1XDS 
UBTNUBTBSWBQSBZBUOFOBHBHCIBLUBTBNBSDBZFU]]]]
Page 41 of 45

2SUQ@IHLLF@FY:TX@HoU$O0DS
TUBWBSKBNJNBHHBVZDJWBJQBIFU]

r@UXDCVSa@-CK@DHUUHI1S 
SWBZFEBUIBUBECIBLUOEBNCIBMPCIBWJWBSKJUB]]]]

LT"XSDH<HUW$O@O$L1M@DU@@XRU$
NVDZBUFLJWJEIBJQQBJSNBOPWLLZBTBNCIBWBJ]

<:@HO@OS@LDHSHOS:@BHeX@DUDS 
LBOOJQQBUNFUJQJUDBQSJZPCIBWFU]]]]

RU1CDUHeXo@HORU1H1F:RLS
TBSWBEFWBQSJZBDQJTBSWBSJHBBTBNNBUB]

SDHUL@ML@kHC5Xv(YSRUS 
BOUFWJNOBNSVIZBEJWZBTUSBUBTBWUB]]]]

HC5X@Q:RODHC5X@DFRLH-US
EJWZCIBSBBTBNQBOOFEJWZBCIPHBTBNBOWJUB]

MCM@HCUMD2U$QCDUU3ReL@DCSD 
OBOEBOEJWBOFTWBJSBOEFWBWBUTBQSBNPEBUF]]]]

T)XL@MDTHUeDTr@J@KDHUYDS
CIVKZBNOFVWJQSFVSEEIBLMFWJFBUB]

IOHCLG@2S@D`HOS:@SHJ@QJL 
KBQBOOJEBNNBITUPUSBNQJUOUQUJLSBLBN]]]]
Page 42 of 45

X@UHSS`HR*V@HMX@US@D UTJ:@H2VS@
ZWBOUJUBUSBTJLUIOJZWBOUPNBWVLBTUIJU]

S@U3XDUHGU@1H:L@DCSD2UHOS@LG@ 
UWBOUZFWBIJWBSJNPEBOUFTWBQJUNBI]]]]

XV@e(:HSHOSQ@DFF@X@HOEC@MS
ZBUIQSBOUJQJUBSPHBHZNQJBEOBUB]

SV$USTXTr@D2SU2X@2X@MTRrU@S 
UBUIBJWBUQOVZVSEEIFTUBWBTZTZOVTBSBWU]]]]

S32S@D`FGDX2XHKHNSOHQO4)XSD
FUBUTUPUSBHIFZBTZBMJLIJUBNQBSJQKZBUF]

S`O@OXM@H2SYTHBSaUMRC@ 
UBUSBQQBCIBZBOOTUJVDJUBECIBWBOBTBE]]]]

F2SDHJADMY:TLDHMHoSUB
BHBTUFLJNCBILUFOBVNFOJDJUBWBDB]

RYX@DM@`JS15XRCD&WHQ KMHG 

TBBZPOUSBLBSUBWZBTBOEFHEIBSJQIBMBOOBIJ]]]]

X@UHSL3XD12S@D`@H:L`I@K@-XMDJY
ZWBOUJNBSUZFTUPUSJNBOUSBKMOZBOFLBB]

S@UHS2SUQ@I2XF@FDX2XRL@HMM 
UWBOUJTUBWBSKBTZBHHFZBTZBTBNOJOB]]]]
Page 43 of 45

X@U-LIOD2STM@j@LDS3RGwJL
ZWBKKBONBKBQFTUVONONFUBUTBIBTSBLBN]

RJ(JPDUHOLS@DMOTMF11L@HUYDS 
TBLLBFWBQJNUPOBQVOBSHBSCIBNWJFU]]]]

HM3XHMXLU@MDS@DHIOD32S@D`LT^LL
OJUZBOOJZBNBWOFUPKJQFUTUPUSBNVUUBNBN]

-X`@HOHUORFF@S(QDLS@DUDS 
BOZBUSQJWJQBOOBTBHBHUSFNUPCIBWFU]]]]

S32S@D`UQQ,XOTQ@e@DHOM@HJM@
FUBUTUPUSBWBSBSBNZBNQVSQSPLUBNQJOLJO]

HU:UDHMI@XLTHA(I@<Q@2OCL 
WJBWFOJKBCIBLUZBNVLUJCKLBSTQBEBN]]]]

FF@x@MeHSHMHW2S@D`LDS-LXDHQSL
HBHTOOBQSBUJOJEIJTUPUSBNFUBONBZFSJUBN]

HRx@RTI@1{U(S2L@CDS32S@D`IODSRTW( 
TJTOTVSKIOBWOUBTNEFUBUTUPUSBKBQFUBTVEI]]]]

Page 44 of 45

HSr(2J@CDLG@OTQ@:J@Y(HSR@Gv@
JUJSTLOEFNBIQVSBFLUJTIBTUSZ

RHGS@X@BSTVD1J@Y(NEDO4U@1D1FF@RGwM@L
TBIJUZDBUVSUIFLLIBFQSWSEEIFHBHTBIBTSBONB

JVMM@L$J@DMH`Y^L@D 7X@X 

LBUIBOBOONBJLPOBUSJBUUBNPBEIZZB]]]]

Page 45 of 45