: [] [] [] [] [] [] [|]
Links
: ,
  :
  > {|}~Ibjbj4D]
  i ... 8  H((BBB}}}""""""$pd4߻i.}}}}}߻1..BB;111}.B.BB>
  >>>..}117~8..B <l$ 7I /, .. ,,!>GC2AB2CO 701;C645=8O< 25@CNI8E, A><=520OAL 2 ?@0245 =525@CNI8E ,>1@5B5HL 8AB8=C.,, 5?>7=0==K9 87 070@5B0.  " !+ ''!. @0BC ?>A2OI05BAO . B>, = 1K; ? 5C40G;82K9 ?@>E>48<5F ? 03 ? !K= '5;>25G5A:89 8;8 >3 ? 0 425 BKAOG8 ;5B =0 MB8 2>?@>AK, 8:B> >B25B8BL =5 A<>3 & & & . . ,, O, 6>20==8 >G5=83>, AK= A25B;59H53> 0@:> =B>=8>, 4>=>HC ?> 4>;3C A>25AB8 8 ?> ?@8:070=8N 4CE>2=8:0 > B><, GB> <=>3> @07 A;KH0; >B 6>@40=> @C=> >;0=F0, :>340 15A54>20; A =8< 2 A2>5< 4><5, GB>, :>340 :0B>;8:8 3>2>@OB, 1C4B> E;51 ?@5ACI5AB2;O5BAO 2 B5;>, B> MB> - 25;8:0O =5;5?>ABL; GB> >=& ..=5 2848B @07;8G8O ;8F 2 1>65AB25 , 8 MB> >7=0G0;> 1K =5A>25@H5=AB2> 1>30; GB> <8@ 25G5= 8 ACI5AB2C5B 15A:>=5G=K5 <8@K& GB> %@8AB>A A>25@H0; <=8<K5 GC45A0 8 1K; <03><, :0: 8 0?>AB>;K, 8 GB> C =53> A0<>3> E20B8;> 1K 4CE0 A45;0BL B> 65 A0<>5 8 4065 3>@074> 1>;LH5, G5< >=8; GB> %@8AB>A C<8@0; ?> 4>1@>9 2>;5 8, =0A:>;L:> <>3, AB0@0;AO 871560BL A<5@B8; GB> 2>7<5748O 70 3@5E8 =5 ACI5AB2C5B; GB> 4CH8, A>B2>@5==K5 ?@8@>4>9, ?5@5E>48B 87 >4=>3> 682>3> ACI5AB20 2 4@C3>5; GB> ?>4>1=> B><C, :0: @>640NBAO 2 @072@0B5 682>B=K5, B0:8< 65 >1@07>< @>640NBAO 8 ;N48. = @0AA:07K20; > A2>5< =0<5@5=88 AB0BL >A=>20B5;5< =>2>9 A5:BK ?>4 =0720=85< ,,=>20O D8;>A>D8O,,. = 3>2>@8;, GB> 4520 =5 <>3;0 @>48BL 8 GB> =0H0 :0B>;8G5A:0O 25@0 ?@58A?>;=5=0 :>IC=AB20<8 ?@>B82 25;8G8O >68O; GB> =04> ?@5:@0B8BL 1>3>A;>2A:85 ?@5?8@0B5;LAB20 8 >B=OBL 4>E>4K C <>=0E>2, 81> >=8 ?>7>@OB <8@; GB> 2A5 >=8  >A;K; GB> 2A5 =0H8 <=5=8O O2;ONBAO CG5=85< >A;>2 ; GB> C =0A =5B 4>:070B5;LAB2, 8<55B ;8 =0H0 25@0 70A;C38 ?5@54 1>3><; GB> 4;O 4>1@>45B5;L=>9 687=8 A>25@H5==> 4>AB0B>G=> =5 45;0BL 4@C38< B>3>, G53> =5 65;05HL A515 A0<><C& !?5@20 O =0<5@820;AO CG8BLAO C =53> , :0: C65 4>:;04K20; CAB=> ,=5 ?>4>7@520O , :0:>9 MB> ?@5ABC?=8: ./ 1@0; =0 70<5B:C 2A5 53> 273;O4K , GB>1K A45;0BL 4>=>A 20H5<C ?@5>A2OI5=AB2C, => >?0A0;AO , GB>1K >= =5 C5E0; , :0: >= A>18@0;AO A45;0BL .>MB><C O 70?5@ 53> 2 :><=0B5 , GB>1K 7045@60BL, 8 B0: :0: AG8B0N 53> >45@68<K< 45<>=0<8, B> ?@>HC ?>A:>@55 ?@8=OBL ?@>B82 =53> <5@K. >3C C:070BL , : A2545=8N A2OB>9 A;C61K , =0 :=83>B>@3>2F0 'L8>BB> 8 <5AA5@0 60:><> 5@B0=> , B>65 :=83>B>@3>2F0. @5?@>2>640N B0:65 20H5<C ?@5>A2OI5=AB2C B@8 53> =0?5G0B0==K5 :=838. / =0A?5E >B<5B8; 2 =8E =5:>B>@K5 <5AB0. @><5 B>3> ,?@5?@>2>640N =0?8A0==CN 53> @C:>9 =51>;LHCN :=86:C > 1>35, > =5:>B>@KE 53> 2A5>1I8E ?@548:0B0E. 0 >A=>20=88 MB>3> 2K A<>65B5 2K=5AB8 > =5< AC645=85. = ?>A5I0; 0:045<8N =4@50 >@>78=8& .. 345 A>18@0;8AL <=>385 42>@O=5. =8 B0:65 , 25@>OB=>, A;KH0;8 87 B>3> , GB> >= 3>2>@8;. @8G8=5==K5 8< =5?@8OB=>AB8 =5 8<5NB 4;O <5=O =8:0:>3> 7=0G5=8O, 8 O 3>B>2 ?5@540BL MB> =0 20H AC4, 81> 2> 2A5< 65;0N >AB0BLAO 25@=K< 8 ?>:>@=K< AK=>< F5@:28.  70:;NG5=88 , ?>GB8B5;L=59H5 F5;CN @C:8 20H53> ?@5>A2OI5=AB20,,. ;. 2  !#!. 0: ;N48 8 =5;N48, 2KH5; 87 BL<K AK@>9 , > =5 A38=C; ?@>G8< ?>4>1=> 2 =58725AB=>AB8,  B>< <;045=F5 ?@8ACBAB2>20; >3,  :>;8G5AB25 , 1>;LH5< , G5< 2 AB>;5B=59 >:@5AB=>AB8. 8< 5ABL 1K; 8 1C45B >48=, 2B>@>3> =5 1K;>, =5B , 8 =5 1C45B. "0: AG8B0;8 @8<;O=5. @5<O ?>4B25@48;> MB> <=5=85: =8 >4=0 87 8725AB=KE G5;>25G5AB2C 8<?5@89 =5 ?@>ACI5AB2>20;0 B0: 4>;3>, ?5@5682 <=>65AB2> 27;5B>2 8 ?045=89, 8 =5 >4=0 87 =8E =5 >AB028;0 2 8AB>@88 AB>;L 3;C1>:89 A;54. 0;:85 :0@;8:8 =5 >4=064K ?KB0;8AL =0720BL A51O 8 2B>@K< 8 B@5BL8< 8<><, =082=> ?>;030O, GB> ?@>BO65==>ABL 70E20G5==KE 75<5;L 8 :>;8G5AB2> ?>:>@5==KE 3>AC40@AB2 405B 8< >A=>20=85 A@02=820BL A51O A 25;8:>9 45@602>9.  E>B5;8 >=8 1KBL =5 ?@>AB> 8<><, 0 5G=K< 8<><. @5<O 2A5E @0AAB028;> ?> <5AB0<, 2>7402 :064><C 4>;6=>5: >4=8< 25G=CN A;02C, 4@C38< 55 >B1;5A:8. !8;0 ?>402;O5B A;01>ABL. 5B 8=KE ?@8G8= 4;O 2>9=, :0: A8;0 8 A;01>ABL. 8< C<5; 2K18@0BL :CA:8 A>>B25BAB2CNI89 @07<5@0< A2>59 ?0AB8, 8 B>340 3;>B0; 157 AB@0E0 ?>4028BLAO, 0 5A;8 C6 8 >BE20BK20; ,,=5 ?> 7C10<,, : ;81> 2K?CA:0; :CA>:, ;81> BI0B5;L=>, ?>@>9 3>40<8, 45AOB8;5B8O<8, ?5@5652K20; 53>. 25@8=>5 B5;> ?@8:@K20;>AL >45640<8 :C;LBC@=>3> ?@52>AE>4AB20, 8 1K;8 >=8 459AB28B5;L=> 4>AB>9=K<8. 8< 2?8BK20; 2 A51O 2A5, GB> <>6=> 1K;> 27OBL C ?>15645==KE, 2 B>< G8A;5 8 8E 25@C. B=>H5=85 ?>B><:>2 ><C;0 : @5;8388 1K;> AC3C1> ?@0:B8G5A:8<, :0: 2?@>G5<, 8 =5 B>;L:> C =8E, => 8<5==> >=8 H8@>:> :C;LB828@>20;8 ?@8=F8? "BK <=5, O B515 ,, 2 >B=>H5=8OE A 1>30<8 8 <=>65AB2>< 2A52>7<>6=KE 4CE>2, ?> 8E ?>25@LO< =0A5;O2H8E 2A5 >:@C60NI55. >38 4>;6=K A;C68BL 8<C! A5, GB> 1;5AB8B, ?@82;5:05B A>@>:. ;O @8<;O= 1;5AB5;8 GC685 1>38. ">, GB> =5 C4020;>AL 27OBL A8;>9, >=8 7018@0;8 E8B@>ABLN. @0ABL 25I5AB25==>5 2>?;>I5=85 1>3>2,  :0:0O =87>ABL& !!!!!!> B>;L:> =5 4;O A8;L=>3> : 2 MB@CAA:>< 3>@>45 59= ;538>=5@K B09=> 2K=5A;8 AB0BCN 1>38=8 #=8 , ?@>1@02H8AL 2 E@0< G5@57 ?>475<=K9 E>4. @8 1>;LH>< A>A@54>B>G5=88 2 AB5=0E >4=>3> 3>@>40 B0:>3> :>;8G5AB20 B5E, :><C <>6=> 1K;> ?>:;>=OBLAO, ?5@8>48G5A:8 2>7=8:0;0 ?>B@51=>ABL 2 =02545=88 M;5<5=B0@=>3> ?>@O4:0. @8=8<0;8AL 70:>=K, ?@>2>48;8AL @5D>@<K, 8 4065 1K; ?>AB@>5= 0=B5>= 1>3>2. >B >=8& & . 2A5 ?>4 @C:>9 : 848 8 <>;8AL B><C, :B> 1;865 B515. 0:>=><5@=K9 MB0? 2 4CE>2=>< @0728B88 : ?@8E>4 : 25@5 2 548=>3> >30, >30 A>740B5;O 2A53>. ">;L:> 2>B :0:>9 >= MB>B A0<K9 >3? = ?>4 AB0BL 8<  @8<;O=0<. =C: @>AB>2I8:0 :B0280=0  2>B ?@54<5B 8E ?>:;>=5=8O. !;54C5B C?><O=CBL: 23CAB 1K; 2=C:>< @>AB>2I8:0, => AB0; 8<?5@0B>@><! "O65;K5 3>4K C?04:0 @5A?C1;8:8, =5?@>4>;68B5;L=>3> ?@>F25B0=8O 2 ?5@8>4 ?@02;5=8O .;8O &570@O, A<5=8;8AL 2@5<5=0<8 :@>2>?@>;8B=KE 3@0640=A:8E 2>9=. #B><;5==K9 AB@040=8O<8 =0@>4 , >1@0I0;AO : 1>30<, 0 :B> ?@8=5A 87102;5=85? ">B, :>3> 8 =5 ?@>A8;8 > B>< 8 4065 AG8B0;8 ?>28==K< 2 @072O7K20=88 1@0B>C189AB25==KE <564>CA>1=KE 2>9=. C;LB >65AB25==>3> 23CAB0 ?@8=O; =52840==K5 <0AHB01K. 8D>;>38G5A:0O :0@B8=0 A>740=8O 8<0 8A:060;0AL C3>4;82K<8 ?>MB0<8, 2 B5=8 =>2>O2;5==>3> >30 A<CI5==> AB0O;8 ;535=40@=K5 >A=>20B5;8 8<0 ; 4065 2 A0<KE 70E>;CAB=KE 45@52CH:0E AB@>8;8AL ?0<OB=8:8 ,,548=AB25==><C 8 ;CG570@=><C,,. =>385 3>4K ?>A;5 53> A<5@B8, :><=0BC 2 :>B>@>9 >= O:>1K 1K; @>645=, 2 CA04L15 53> 4540 ,=540;5:> >B 5;8B0@ <5AB=K5 68B5;8 ?>:07K20;8 :0: 1>;LHCN 4>AB>?@8<5G0B5;L=>ABL. > ?@540=8O< , 2AO:89 :B> BC40 2E>48;, =5 ?@>94O 87=C@8B5;L=>3> >1@O40 >G8I5=8O 8 157 4>;6=>3> ?>GB5=8O 2 4CH5 1K; >E20G5= C60A>< 8 ?>425@3=CB =0?045=8N A25@EJ5AB5AB25==KE A8;. 8I89, ?@>A82H89 <8;>ABK=N C 2E>40 2 CA04L1C, 40 8 =5 >= >48=, 70 4>?>;=8B5;L=CN ?;0BC C2;5:0B5;L=> @0AA:07K20; 8AB>@8N, > B><, :0: >4=064K >= 70H5; 2 BC :><=0BC <>;>4K< 8 F25BCI8<, 0 & 25@=C;AO 87 =55 AB0@K< 8 =5<>I=K<. !B>8B ;8 MB><C C482;OBLAO. <O ;N1>3> G5;>25:0 2>72KA82H53>AO =04 B>;?>9 >1@0AB05B A>@=O:0<8 <=5=89, ?@54?>;>65=89, 4><KA;>2 8 A;CE>2, :>B>@K5 ?@8GC4;82> 8 ?;>B=> ?5@5?;5B0OAL 2>548=> , ?@52@0I0;8AL 2 :;C1>: ?@024K 8 ;68, 40NI89 =58AG5@?05<K9 <0B5@80; 4;O ;N1>7=0B5;L=KE ?>B><:>2, C?>@=> >B45;ONI8E 75@=0 >B ?;525;. 065 B>;L:> ?@8:>A=C2H8AL : B><C :;C1:C ;53:> ?>2@548BL @07C<, 0 A>E@0=8BL 53> 74@02K< 4>1@02H8AL 4> A5@4F528=K 4>ABC?=> ;8HL 871@0==K<. 0: 65 A0< >65AB25==K9 >B=>A8;AO : A2>5<C ,,=5G5;>25G5A:><C,, ?>;>65=8N? !C48B5 A0<8. "5;> 53> 1K;> ?>:@KB> @>48<K<8 ?OB=0<8, >A>15==> A8;L=> =0 3@C48 8 682>B5, => 1>38 <5B8;8 8 <=>38E 8=KE 8 =0 1>;55 ?@8<5B=KE <5AB0E, B>;L:> =5 2A5< 1K;0 40@>20=0 2;0ABL, 0 B5 65 87 =8E , :B> >1;040; 59, :0: A;01> ?0<OB=K5 701K20;8 ?>@>9 345 55 >AB028;8 . @C385 65 C?820OAL 59, ;8H0;8AL @0AAC4:0. <?5@0B>@ 23CAB 7=0; A5:@5B 2;0AB8: C<5;, :>340 A;54C5B, :070BLAO A;01K< 8 1KBL A8;L=K<, C<5; AB@>8BL 8 3=CBL =5 ;><0O, 5A;8 B> 1K;> 2>7<>6=>. >A;5 C189AB20 &570@O, 2 ?OB8 3@0640=A:8E 2>9=0E >= CAB@0=8; 2A5E :B> ?@8BO70; =0 2;0ABL, B5< A0<K< , C:@5?82 3>AC40@AB2>. 0H;8AL 8 B0:85, :B> >128=O; 53> 2 >A>1>9 65AB>:>AB8, :>340 2 ?>A;54=59 87 B5E 2>9= >= , C182 0@:0, =B>=8O :0: 20@20@ ;N1>20;AO 53> B@C?><. > GB> A<>B@5BL ? !<>B@5BL 5I5 =5 7=0G8B ;N1>20BLAO.  G5< >= 4C<0; 2 B5 <8=CBK? KBL <>65B > B><, GB> A<5@BL 1K2H53> 4@C30, =0G0;> 4>;38E ;5B 15A:@>2=>3> ACI5AB2>20=8O 8<?5@88 ? ! B>3> <><5=B0 1K; ?>;>65= :>=5F ?@8BO70=8O< ;5>?0B@K =0 2;045=85 8<><, 4>18202H59AO A2>53>, A@54AB20<8 4>ABC?=K<8 ;N1>9 65=I8=5. !;01>ABL >4=>3> , <>3;0 >15@=CBLAO ?>7>@>< 4;O <=>38E  8AB8==K5 @8<;O=5 B0:>3> =5 ?@>I0;8. 23CAB <=>3>:@0B=> ?@54C?@5640; 8 C3>20@820; 53>, => 0@: =5 ?@8=O; 4@C65A:89 A>25B 8 =5 8A?C30;AO C3@>7. 5 ?>=8<0NI89 A;>20, 40 ?>;CG8B 459AB285 ! > @0A?>@O65=8N 23CAB0 =B>=89 1K; ?>E>@>=5= 2<5AB5 A> A2>59 2>7;N1;5==>9 , 2 3@>1=8F5, :>B>@0O 1K;0 A?5H=> 4>AB@>5=0. !<5@BL =5<=>38E 3>@45F>2, =54>@>30O F5=0 70 687=L 8<0 ! !B0@K5 70:>=K, 70:>=K - 701KBK5 70 ?@>4>;68B5;L=K9 ?5@8>4 3@0640=A:>9 <564>CA>18FK, 70:>=K - :>B>@K< 8< 1K; >1O70= A2>8< ACI5AB2>20=85< 8 ?@>F25B0=85<, >= 2>AAB0=>28;. B=K=5 :0: 8 2> 2@5<5=0 1K;>3> 25;8G8O 8<0 :064K9 ;538>=5@ 7=0;: 2 :>3>@B0E, 15602H8E ?5@54 2@03>< 1C45B :07=5= :064K9 45AOBK9, 0 B5 87 B@CA>2 :><C ?>AG0AB;828BLAO >:070BLAO& . ?5@2K<, 2B>@K<, B@5BL8<, G5B25@BK<, ?OBK<, H5ABK<, A54L<K<, 2>AL<K< 8 & 452OBK< 1C4CB ?>425@65=K ?>7>@=><C =0:070=8N: :0: 2LNG=K5 A:>BK >=8 1C4CB ?8B0BLAO OG<5==K< E;51>< . !5=0B, ?@52@0B82H89AO 2 B>;?C 1>;BC=>2, ?@8:@K20NI8E 2KA>:>?0@=K<8 @5G0<8, ;8G=K5 8=B5@5AK, 701K2H8E > 4>;35, ?@>40202H8E G5ABL, >= ?@825; 2 ?>@O4>:, ?5@5A<>B@52 A?8A:8 A5=0B>@>2. 5@54 70A540=85< A5=0B0, =0 :>B>@>< ?@54AB>O;> 2K<5AB8 G20=;82K9 <CA>@, >= 3>B>28;AO : A<5@B8. K;8 ?@8=OBK 2A5 <5@K ?@54>AB>@>6=>AB8, => @0725 ?0=F8@L ?>4 B>3>9 40 3>@AB:0 A>@0B=8:>2, >:@C602H8E 53> 2 B>B 45=L , =0456=0O 70I8B0 >B A:8=CBKE A ;8<?0 2;0AB8? 23CAB ?>I048; 8E A0<>;N185, >AB0282 70 =8<8 ?@02>, ?>;L7>20BLAO =5:>B>@K<8 87 ?@828;5389: :0: 8 @0=55 >=8 =>A8;8 A5=0B>@A:85 ?;0BL5, 8<5;8 2>7<>6=>ABL A845BL =0 ?5@54=8E <5AB0E 2 >@E5AB@5 =0 7@5;8I0E 8 ?@8=8<0;8 CG0AB85 2 >1I8E >1540E A5=0B>@>2 ?> ?@074=8G=K< 4=O<. <5=8 >AC40@L >= AB@0H8;AO :0: >A:>@1;5=8O 8 ?>7>@0 ,0 =0 ?@>AL1K ?@8=OBL 48:B0B>@A:CN 2;0ABL >= >B25G0; >B:07><. 0@>4 B@51>20;: "%;510 8 7@5;8I!" 8<;O=5 =5 3>;>40;8 8 8<5;8 2>7<>6=>ABL 1KBL @07402;5==K<8 =0 <=>3>G8A;5==KE 7@5;8I0E. !0<K< 25;8:>;5?=K< 87 =8E 1K; <>@A:>9 1>9, ?@>2>48<K9 =0 ?@C4C, A?5F80;L=> 4;O MB>3> 2K:>?0==>< 70 "81@><. N1>7=0B5;L=K5 , 3;075;8 =0 48:>28=:8, A2>78<K5 2 AB>;8FC A> 2A5E C3>;:>2 8<?5@88 8 2KAB02;O5<K5 =0 2A5>1I55 >1>7@5=85 2 <5AB0E A:>?;5=8O =0@>40. > 53> =0AB>O=8N 2A5 @5;838>7=K5 >1@O4K 2K?>;=O;8AL 2 ?>;=>< A>>B25BAB288 A =0AB02;5=8O<8 4@52=8E :=83. !0< 65 >65AB25==K9 25@8; 2 B@048F8>==KE @8<A:8E 1>3>2 8 5I5 ?>:;>=O;AO 4CE0< ?@54:>2, ?@84020O 1>;LH>5 7=0G5=85 B>;:>20=8O< A=>2 8 ?@54A:070=8O<.  GC68< 1>30< 23CAB >B=>A8;AO B5@?8<>, => =0AB>@>65==>  =5 >=8 ?@8=5A;8 A;02C 8<C. = =5 70?@5I0; 8C45O< A?@02;OBL A2>8 >1@O4K 2 8<5. ?5@2K5 @07@5H5=85 =0 B> >=8 ?>;CG8;8 >B .;8O &570@O, 70 GB> 1K; 8<8 =5>1KG09=> ?>G8B05<. >=OB85 3@0640=A:>3> 4>;30 C @8<;O= 70:;NG0;>AL, ?@5645 2A53>, 2 8A?>;=5=88 >1O70==>AB59, =0?@02;5==KE =0 @0728B85 A8;K 8 ?@>F25B0=8O 3>AC40@AB20. ?@>G5<, 2 ;N1>< >1I5AB25 5ABL B5, :B> A>1AB25==>5 ?@>F25B0=85 AB028B ?@52KH5 2A53>. K;8 A2845B5;8 C25@O2H85, GB> B0:8< =0 ?@>AL1K > ?>I045 >= >B25G0;: ,,"K 4>;65= C<5@5BL,,. >AB5?5==> 8<?5@8O 2>AAB0=>28;0 2A5 0B@81CBK 1K;>3> 25;8G8O .5@=C2H55AO AB018;L=>ABL 2>72@0B8;0 25@C 2 8;;N78N 25G=>3> 8<0 , =5>1E>48<CN 4;O ACI5AB2>20=8O 2A53> 682>3>. AB>@8O 7=0;0 <=>38E 23CAB>2 - <=>38E 87 =8E =07K20;8 >65AB25==K<8. > <=>385 ;8 87 =8E 1K;8 B>3> 4>AB>9=K ? <?5@0B>@ 23CAB 8740; C:07 > ?@>2545=88 ?5@5?8A8. !;065==K9 <5E0=87< 3>AC40@AB25==>9 <0H8=K ;53:> 1K; ?@82545= 2 42865=85. > E>@>H> ?@>4C<0==K< 8 8A:CA=> ?>AB@>5==K< 4>@>30<, ?5@5<5I0;8AL 3>=FK, @072>7OI85 @0A?>@O65=8O; G8=>2=8:8, ?@8720==K5 ?@>2>48BL 8 :>=B@>;8@>20BL 8E 8A?>;=5=85; 2>8=A:85 ?>4@0745;5=8O, =0?@02;ONI85AO 2 <5AB0 A =08<5=55 ?>:>@=K< =0A5;5=85<.  B5 4=8 <=>65AB2> 8C4552 =0E>48;8AL 2 ?CB8, =0?@02;OOAL 2 =07=0G5==K5 <5AB0 ?@>2545=8O ?5@5?8A8. K;L, ?>4=8<05<0O ?CB=8:0<8 8 682>B=K<8, 28A5;0 2 2>74CE5, <5H0;0 2845BL 8 4KH0BL. =0 ?>:@K20;0 >B:@KBK5 G0AB8 ;8F0, @C: 8 =>3, A<5H820OAL A ?>B>< ?>@>640O >B2@0I5=85 : A>1AB25==><C B5;C. #:@KBLAO >B =55 <>6=> 1K;> ;8HL A>94O A 4>@>38 ; B0: 8 45;0;8 >=8, GB>1K ?5@54>E=CBL, 0 ?>A;5 2>72@0I0;8AL 8 H;8. CB=8:>2 1K;> =5 <5=LH5, G5< 2 ?@54?@074=8G=K5 4=8, => =0AB@>5=85 1K;> =5@04>AB=K<. 0G5< >=8 >B?@028;8AL 2 4>@>3C? B>-B> 87 =8E E>B5; ?>1KAB@55 2K?>;=8BL MBC =5 A>2A5< ?@8OB=CN >1O70==>ABL, :B>-B>, GB>1K 53> 8<O 1K;> 2A53> ;8HL 70?8A0=> =58725AB=> :C40 8 4;O G53>. "5 65, :B> ?>=8<0; 8 70G5< 8 ?>G5<C H5; A 8=>340 ?@>@K20NI8<AO @074@065=85<: 8 =0 687=L, 2K=C640NICN 8E 1KBL 157@>?>B=K<8 8 =0 A>1AB25==CN =5@5H8B5;L=>ABL.  :0: MB> 2A5340 1K205B, :>340 =0 A5@4F5 ?0:>AB=>, AB0@K5 >184K ?@>@K20;8 ?;>B8=K, >A;K 1K;8 :0: =8:>340 C?@O<K, :0: 2?@>G5<, 8 2A5 >AB0;L=K5, =0 :>< <>6=> 1K;> 2>78BL 8 5748BL; 65=I8=K 1K;8 ,,A2>5=@02=K,, , <C6G8=K ,,15AA5@45G=K,,. -, >A8D, =0:>=5F-B> <K ?@8H;8.  ?@>H5?B0;0 87<CG5==0O 0@8O. -5B, 5I5 =5 ?@8H;8, <K ?@845< B>340, :>340 CAB@>8<AO =0 =>G;53, 4C<0N MB> 1C45B =5?@>AB>.  A:070; >A8D , >B >= 3>@>4 02840 ! 5@54 =8<8 ?@54AB0; 8D;55<. ->A8D, O =8:>340 =5 1K;0 2 8D;55<5.  A:070;0 0@8O >?8@0OAL =0 @C:C <C60. -;O B51O =5 A0<>5 ?>4E>4OI55 2@5<O ;N1>20BLAO =57=0:><K< 3>@>4><. "K CAB0;0? -5 A8;L=>, =5B . 8 CA?>:0820O A51O,  8G53>, =8G53>, 2A5 1C45B E>@>H>. = A8;L=> 15A?>:>8BAO. AN 4>@>3C 4> 8D;55<0 >=0 ?@>H;0, >BO3>I5==0O 682>B>< ,>?8@0OAL =0 @C:C <C60 . >B - 2>B , A> 4=O =0 45=L 4>;6=> ?@84B8 >1;53G5=85. !:>@> @>48BLAO = ,A>2A5< A:>@>. !:2>7L ?K;L=>5 >1;0:> 1K; 2845= 3>@>4, ?>:@K2H89 :>@>1:0<8 4><>2 A:;>=K E>;<>2. =8 ?>4E>48;8 : 3;02=K< 2>@>B0<. !?@020 >B =8E A>1@0;0AL 1>;LH0O B>;?0. 7 55 3;C18=K 4>=>A8;AO 3>;>A, ?@8BO3820NI89 : A515 A;>20<8 2>;=>202H8<8 ?CB=8:>2. N1>?KBAB2> ;N459, ;8H5==KE O@:8E 2?5G0B;5=89 2 >1K45==>9 687=8 ?@8BO=C;> 0@8N 8 >A8D0 : A:>?;5=8N =0@>40. =8 ?>4>H;8 : A?8=0< :@09=8E 87 A;CH0B5;59, =8:0: =5 =0<5@520OAL =04>;3> 7045@6820BLAO. '5@57 =5A:>;L:> <3=>25=89 >=8 >3;O=C;8AL 8 C2845;8, GB> >:@C65=K ?;>B=K< :>;LF>< ;N459, 87 :>B>@>3> =5 B0:-B> ?@>AB> 1K;> 2K1@0BLAO. >340 65 0@8O 8 >A8D ?@>18;8AL : F5=B@C :@C30 >1@07>202H5<CAO >:>;> ?@>?>254=8:0, 2K3;O4K20O 87-70 3>;>2 =5<=>38E AB>OI8E 2?5@548 8E,B> C2845;8 G5;>25:0 2 A:@><=>9 >45645, ?>A<>B@52 =0 :>B>@CN , 53> <>6=> 1K;> 1K ?@8=OBL 70 =8I53>.  ;8F> 53> & ! B0:8< ;8F>< =5 ?@>AOB <8;>ABK=N, A B0:8< ;8F>< ?>40NB. 3> @5GL =5 2 ?@8<5@ >45645 1K;0 0::C@0B=0 8 =5 70A>@5=0 A;>25A=K< <CA>@><, @5GL G5;>25:0 3>2>@82H53> G0AB> 8 ?5@54 <=>38<8. K7K20O 4>25@85 : A;>20< A2>8< >= @0725; @C:8 8 =0?@028; @0A:@KBK5 ;04>=8 : A;CH0B5;O<. ,,/ A?@0H820N, :B> 2K? K >B25G05B5 <K 8C458. 0G5< ?@8H;8 2K AN40? K A:068B5 =0 ?5@5?8AL. / A?@0H820N: ,,'B> 5ABL ?5@5?8AL?,, K >B25B8B5, ?5@5?8AL MB>, :>340 :064K9 8C459 4>;65= =0720BL 8<O A2>5 8 8<O 53> 70?8HCB =0 A28B:5 . / A?@0H820N 20A:,,  70G5< @8<;O=5 AG8B0NB =0A?,, K 65 >B25B8B5: ,,0G5< ?0ABCE AG8B05B >25F?,, ><C 65 40=> ?@02> AG8B0BL 8C4552?  A2OI5==KE :=830E 70?8A0=>: ,,>A;5 <>@0 >A?>4L 3>2>@8; A >8A55< 8 A2OI5==8:>< ;870@>< , AK=>< 0@>=0 ,,5@5AG8B09B5 87@08;LA:89 =0@>4, - A:070; = . 5@5AG8B09B5 2A5E >B 4204F0B8 ;5B 8 AB0@H5 8 ?5@5G8A;8B5 ?> A5<59AB20< 2A5E <C6G8=, :>B>@K5 <>3CB A;C68BL 2 87@08;LA:>9 0@<88,,. <C, 5<C >4=><C, >A?>4C =0H5<C, 40=> ?@02> AG8B0BL =0A, 81> <K >2FK 87 53> AB040.  >= 2>7=5A @C:8 : =51C,  "K A;KH8HL =0A >A?>48, B>;L:> B515 <K >B4048< 8<5=0 =0H8. >B ?@8H;8, >AB0282 45;0 A2>8 2 8D;55<, A2OI5==K9 3>@>4 48=0AB88 02840. @8H;8 87<5=8BL >A?>4C =0H5<C, ?@8H;8 ?@540BL 53>. C458 =5 >A:25@=O9B5 A51O =87>ABLN 87<5=K, 2>72@0I09B5AL 4><>9& & & & ,, -N48, ?@024C 3>2>@8B 1>689 G5;>25: . 70:@8G0; AB0@8:, AB>O2H89 @O4>< A 0@859, - @02 >= ;N48, O CE>6C. -!<>B@8, A<>B@8 >A8D, :0:>9 A<5;K9 G5;>25:!  45@=C;0 1C4CI53> <C60 70 @C:02 0@8O. ->945<, ?>945< A:>@55 >BAN40 0@8O, ?>945< 65. !8;0 ;><05B B5;>, B5;> ?C305B @07C<, @07C< ?>402;O5B GC2AB20. B40;5==K9 3C;, CA;KH0==K9 >A8D><, 0 ?>B>< 8 0@859, A>AB>O; 87 ABC:0 :>?KB > 2KA>EHCN 75<;N 8 ;O730 >@C68O. B 3>@>4A:8E 2>@>B 4>=5AAO :@8: : "538>=5@K, ;538>=5@K& " ">;?0 @07@078;0AL 65=A:8< 2873>< 8 <C6A:8<8 2>73;0A0<8. >==K9 >B@O4 @8<A:8E 2A04=8:>2 A 38:0=L5< 2@570;AO 2 A3CAB>: G5;>25G5A:8E B5;, ?KB0OAL @0AA5GL 53> =042>5 8 ?@>1@0BLAO : C65 5420 @07;8G8<><C ?OB=C, 345 B>;?0 =5 1K;0 B0: ?;>B=> A18B0, 8 345 25@=> =0E>48;AO ?>4AB@5:0B5;L. ">;?0 =5 A>?@>B82;O;0AL, >=0 ?@>AB> 1K;0 A;8H:>< ?;>B=>9 8 5I5 =5 @5H8;0 2 :0:>< =0?@02;5=88 157>?0A=55 1560BL. C458 :8=C2H85AO 1K;> 2 @0AAK?=CN 8, =0B>;:=C2H8AL =0 :>?LO ?>4>A?52H8E ?5E>B8=F52, @8=C;8AL =0704, <5H0O ?@>42865=8N 2A04=8:>2, =0=>A82H8E 157>B25B=K5 C40@K ?;5BL<8. N48 1K;8 ?>4>1=K AB04C >25F, 3>B>2KE 1560BL >B 1>;LH53> AB@0E0 2 AB>@>=C =08<5=LH53> 8 5I5 =5 >?@545;82H8E, >B:C40 8AE>48B =081>;LH0O >?0A=>ABL. >A8D , >A<>B@52H8AL ?KB0;AO ?>=OBL, GB> 65 ?@>8AE>48B, => MB> 1K;> =52>7<>6=>. = >1=O; 0@8N , >3@0640O 5Q >B B>;G:>2 8 C40@>2. > 24@C3 B>;?0 2>:@C3 =8E ?>@545;0 8 =02AB@5GC ?>=5A;0AL =>20O ;028=0, 70B0?BK20O 2A5E , :B> 70<5H:0;AO 8 =5 CA?5; A;8BLAO A =5N. >A8D, 703>@>482 >=5<52HCN >B AB@0E0 0@8N , 3>B>2 1K; ?@>B82>AB>OBL 157C<=>9 A8;5. @5?:85 :C;0:8 ?;>B=8:0 <5;L:0;8 2 2>74CE5, =0=>A8;8 C40@K ?> 2A5<C, GB> C3@>60;> 53> 15@5<5==>9 65=5. <5==> >B =53> 8AE>48;0 =081>;LH0O >?0A=>ABL 2 40==K9 <><5=B =0 MB>< <5AB5 8 B>;?0, ?>GC2AB2>202 MB> >1>3=C;0 8E 8 ?>=5A;0AL 2 =0?@02;5=88 @54:>9 F5?>G:8 ?5E>B8=F52, O2=> ?5@5>F5=82H85 A2>8 2>7<>6=>AB8. N4A:>9 ?>B>: A=5A ;538>=5@>2, 8 :0: B>;L:> 2K@20;AO 70 3@0=8FK >F5?;5=8O <3=>25==> @0AA5O;AO. >;LH0O G0ABL 8C4552 A>AB02;O2H8E 53>, @8=C;0AL : 2>@>B0<, 8 A:@K;8AL 2 C7:8E C;>G:0E 8D;55<0. ><0=48@ >B@O40 >A048; 65@51F0. = >1;040; ?@O<K<8 3@C1K<8 G5@B0<8 ;8F0, A28=F>2K< ?>41>@>4:><; ;>1 53> @0745;O;0 3;C1>:0O 25@B8:0;L=0O <>@I8=0 . A04=8: A?CAB8;AO A 2KA>:>3> 65@51F0 8 =5A?5H=> >125; BO65;K< 273;O4>< <5AB> 1K;>3> A1>@8I0. 1;0:> ?K;8 @0AA5O;>AL, 8 =0 8AB>?B0==>9 75<;5 >= @0AA<>B@5; B@8 B5;0 2 >:@>202;5==KE >45640E. !?@020 >B =53> AB>O;8 7045@60==K5 8C458 . &5=BC@8>= @0A?@028; A:;04:8 :>60=>9 @C10E8 ?>4 :@5?;5=8O<8 ?0=F8@O, A428=C; =0 70BK;>: H;5< 8 :@8:=C; :><0=48@C ?5E>B8=F52, C:07K20O =0 B@C?K: ,,# ?5@5?8AG8:>2 1C45B <5=LH5 @01>BK. 0:>9 A53>4=O ?5G0;L=K9 45=L , 8< >154=5; =0 B@5E 8C4552.,,  ?>A;5 G53> 70A<5O;AO. "0: A<55BAO A8;0 =04 A;570<8 A;01>AB8, =5B 2 =59 =8 A>AB@040=8O, =8 60;>AB8. ,,>= B0 8C459:0 ,- >48= 87 2A04=8:>2 C:070; =0 B5;>, GB> ;560;> 40;55 >AB0;L=KE , O2=> 15@5<5==0O. !53>4=O <K ?>B5@O;8 2 EC4H5< A;CG05 B>;L:> G5B25@KE, 0 2 ;CGH5< <>65B 1KBL 8 1>;LH5. 'B> ?@8:065HL 45;0BL A 7045@60==K<8?" -KOA=8, 5ABL ;8 A@548 =8E B>B :@8:C=. A;8 >= B0<, :> <=5 53>, >AB0;L=KE >B?CAB8B5. %>BO 2A5E 8E A;54>20;> 1K =0:070BL, => 702B@0 ?5@5?8AL. / 4C<0N, 1C45B <=>3> 45; 8 157 =8E. "O65;K9 702B@0 1C45B 45=L, BO65;K9. '5;>25:0 ?>E>653> =0 A<CBLO=0 , A@548 7045@60==KE , =5 >1=0@C68;8. &5=BC@8>= ;8G=> >A<>B@5; 2A5E <C6G8=, ?@>94O 24>;L H5@5=38 C3@N<KE ;8F , ?@8AB0;L=> @0AA<0B@820O :064>3>. ,,3> 745AL =5B& ..,,& .. @8<5BK 1K;8 A;8H:>< O@:8<8 ,1K;> =52>7<>6=> >H818BLAO: 2>7@0AB >:>;> 30 ;5B, A@54=53> @>AB0 2 >45645 >1>@20=F0. ">;L:> >48= 87 7045@60==KE 2K720; C =53> A<CB=K5, =5>1JOA=8<K5 ?>4>7@5=8O. = >AB0=>28;AO 2>7;5 C65 =5<>;>4>3> 8C45O, 2KB8@02H53> :@>2L, AB5:0NICN =0 87<OBK9 E8B>=. 5B, =5B, MB>B A>2A5< =5?>E>6. <C ;5B ?OBL45AOB =5 <5=LH5, @>AB & >AB ?>4E>48B, 0 >45640& -B> =5 >45640 ?>?@>H09:8. 5B , =5 >=. 5B A<KA;0 640BL 4>=>AG8:0, 4;O >?>7=0=8O,, & & . &5=BC@8>=, >1@0I0OAL : :><0=48@C ?5E>B8=F52 >B40; C:070=85: ,,=8 A2>1>4=K.,, 0@8O 8 >A8D >AB0=>28;8AL >B4KH0BLAO B>;L:> , :>340 701560;8 2 >48= 87 >B40;5==KE BC?8:>2 8D;55<0, A>740==>3> 2KA>:8<8 :0<5==K<8 AB5=0<8 4><>2. 0@8O >?CAB8;0AL =0 75<;N 8 >A>7=0;0, GB> A8; =5B : =8 =0 B> GB>1K 1560BL, =8 =0 B> GB>1K 84B8 8 4065 4KH0BL. ,,AQ >A8D, O 1>;LH5 =5 <>3C, =5 <>3C O& 8;8 >B4>E=C 8;8 C<@C. !048AL, =8:C40 O =5 ?>94C. 9, >9 :0: 1>;L=>, - >=0 AE20B8;0AL 70 682>B , :0: 5<C B0< ?;>E>. >;L=> B> :0:& & ". >A8D, C?5@H8AL @C:0<8 2 AB5=:C 4><0 BO65;> 4KH0;, ?>B>< A5; @O4>< A 0@859 8 >1=O; 5Q. ,,8G53>, =8G53> 2A5 1C45B E>@>H>, A59G0A ?5@54>E=5< 8 ?>945< 8A:0BL, 345 CAB@>8BAO. 5G5@ C65 A:>@>." =8 =018@0;8AL A8; <>;G0 , 8 B>;L:> G5@57 G0A >B?@028;8AL 8A:0BL =>G;53. 8 2 ?5@2><, =8 2> 2B>@>< 87 ?>AB>O;KE 42>@>2 =5 =0H;>AL A2>1>4=KE <5AB. >@>4 1K; ?5@5?>;=5=, A>1@02H8<8AO ?>B><:0<8 F0@O 02840 ; =045640 >AB020;0AL B>;L:> =0 ?>AB>O;K9 42>@ ">;AB>3> 0BD5O. = =0E>48;AO =0 ?@>B82>?>;>6=>< :>=F5 3>@>40, 4> =53> >=8 4>1@0;8AL B>;L:> : ?>;C=>G8. >A8D @0A?0E=C; 425@8 8 21560; 2 4><. "0< 2 C3;C 1K;> 284=> 1>;LH>5 B5<=>5 ?OB=>, :>B>@>5 8 4>;6=> 1K;> 1KBL G5;>25:><. ,,/ ?@>HC B51O 4>1@K9 G5;>25:, ?CAB8 =0 =>G;53 <5=O 8 65=C <>N 0@8N. =0 15@5<5==0O 8 59 >G5=L ?;>E> .,,  ?>?@>A8; >=. 0 AB>;>< , =020;82H8AL =0 AB>;5H=8FC, A845; A0< 0BD59 ">;ABK9. = 1K; =5 B0: A8;L=> ?LO=, GB>1K =5 >?@545;8BL, :B> ?5@54 =8< AB>8B:,, 1>@20=5F& ,, ,,'B> BK 3>2>@8HL? / =5 @0AA;KH0; B51O, 4>1@K9 G5;>25:& ,,  A?@>A8; 272>;=>20==K9 <C6.  B>;L:> , :>340 ?@82K:H85 : BCA:;><C >A25I5=8N 3;070 ?>:070;8 5<C B>3> : :><C >1@0I0;AO >= , >A8D 70<>;G0;. KA>:><5@85, =5 G0AB>5 ?@8ACBAB285 =5 B> GB> 4>1@KE, => 8 4065 A25B;KE ?>1C645=89 ; ?;>E> A:@K205<>5 @074@065=85; ?@57@5=85 <=>3>:@0B=> C25;8G5==K5 :@5?:8< =5@07102;5==K< 28=>< 8A:060;8 8 157 B>3> =87<5==K5 G5@BK ;8F0. B28AH0O =86=OO 3C10 8 ?>41>@>4>:, 70:@K20NI89 B>;ABCN H5N, C25;8G820;8AL 2 @07<5@0E, GB> =5 AC;8;> ?@>A8B5;N =8G53> E>@>H53>. < 1K ?@89B8 =5<=>3> ?>@0=LH5, :>340 MB0 :><=0B0 1K;0 ?>;=0 :CH0NI8E 8 ?LNI8E ?>AB>O;LF52, 2>B 2>7<>6=> B>340, ?>4 8E 273;O40<8 E>7O8= 8 A:070; 1K: ,,CABL 2A5 7=0NB, 0BD59, :>B>@>3> 7;K5 O7K:8 7>2CB ">;ABK<, GB8B >A?>40. A5< 8725AB=0 <>O 4>1@>B0. 0: O <>3C =5 ?@8NB8BL 15@5<5==CN 65=I8=C& ,,  2>B A59G0A >= 4>;3> <>;G0 A<>B@5; =0 2>71C645==>3> 3>ABO, ?>A;5 G53>, =5 A45@6820O 2K@K20NICNAO 87 53> G@520 >B@K6:C, =5A:>;L:> @07 @K:=C; 8 =52=OB=> ?@>1>@<>B0;: ,,C GB>, GB> BK =0 <5=O CAB028;AO . 5B C <5=O 4;O 20A <5AB0. "K GB> 65 4C<05HL, O ?CIC 20A, 0 :>3>-B> ?>?@>HC C9B8. A;8 B2>O 65=0 =04C<05B @>60BL, GB> 65 =8 <=5, =8 ?>AB>O;LF0< 2AN =>GL =5 A?0BL? I5 =8 >4=0 65=I8=0 =5 @>60;0 <>;G0. '53> AB>8HL& CE>48, O 745AL E>7O8=. / 0BD59 ">;ABK9".  , :0: 70E>B5;>AL >A8DC @074020BL :C;0:>< MB> A28=>5 @K;>. = B0: 1K 8 A45;0;, 5A;8 1K =5 AB>O2H0O C 2E>40 0@8O. #28452 =0?@O65==>5 ;8F>, ?@>=78B5;L=K9 273;O4 8 A60BK5 :C;0:8 =>G=>3> ?>A5B8B5;O , 0BD59 87>1@078; 4>1@>65;0B5;L=CN C;K1:C 8 C65 <5=55 ?LO=K< 3>;>A>< 70;>?>B0; . 3=>25=85  4>AB0B>G=K9 A@>: 4;O ?5@52>?;>I5=8O. ,,5 4C<09, =5 4C<09 B>;L:>, GB> O B0:>9 C6 ?;>E>9. / =5 87 B5E, :B> 701>B8BLAO > A>1AB25==>< 1;035. 0: 2848HL 2> 42>@5, =0?@02> E;52, <>65B5 ?5@5=>G520BL B0< , 8 409 B> 1>3, GB>1K 65=0 B2>O =5 @>48;0 2 MBC =>GL.  =5 @072>48B5 >3=O!,, ,, =0 B>< A?0A81>.,, - ?>1;03>40@8; >A8D. 0 425@L<8 @074020;8AL 2A5 CA8;8202H85AO AB>=K 0@88. 2>@ 5420 >A25I0;AO BCA:;K< ;C==K< A25B><.  E;52C, @0AB>;:02 >25F, >A8D >?CAB8; 0@8N =0 >E0?:C A5=0. =52=0O 60@0 2A5 1>;55 CABC?0;0 =>G=>9 ?@>E;045. -0@8O, 0@8O B515 E>;>4=>? 0@8O BK A;KH8HL <5=O? -9, >9, >AB02L <5=O, >A8D, A59G0A, A59G0A, 1>;L=>-B> :0: >A8D , 1>;L=>! 0@88 ?@8H;> 2@5<O @>60BL. AB@0O 1>;L ?@>=78;0 =86=NN G0ABL 682>B0. >20O 687=L @07@K20;0 <0B5@8=A:>5 B5;>, 8 :070;>AL, ;><0;0 :>AB8. C6G8=0 @0AB5@O;AO: :0: ?>ABC?8BL, GB> 45;0BL, G5< ?><>GL 59 ? A>7=02 A2>Q ?>;=>5 =8GB>65AB2>, >= C?0; =0 :>;5=8 8 >1@0B8;AO : >3C: ,,>A?>48, ?>4A:068, GB> 45;0BL <=5, >15@538 0@8N 8 AK=0 =0H53> 8ACA0,,. 7 B5<=>BK 70 A?8=>9 >A8D0 ?>O28;0AL @C:0 8 ;53;0 5<C =0 ?;5G>. = CA;KH0; 3>;>A, ?> 28=5 E>7O8=0 :>B>@>3> >=8 8A?KB0;8 A53>4=O <=>3> 2>;=5=89 :,,5 2@5<O <>;8BLAO >A8D, 2@5<O 45;0BL. / ?><>3C B515.,, !;>20 ,=58725AB=> >B:C40 ?>O282H53>AO ?@>?>254=8:0 , 703;CH8;8 GC2AB2> =5?@8O7=8 2>7=8:H55 C >A8D0. = ?>4G8=O;AO 5<C 15A?@5:>A;>2=>, 2K?>;=OO 53> B@51>20=8O A C3>4;82>ABLN @515=:0 45<>=AB@8@CNI53> A2>N AB0@0B5;L=>ABL. ,, 0745=LAO, A=8<09 @C10H:C, 2>7L<8 =>6. "K GB> 701K;, 345 2A5340 =>A8HL 53> ? B@56L 55 =86=89 :@09, >= A;8H:>< 3@O7=K9. 07@56L 55 =0 H8@>:85 ?>;>AK. KAB@55, 1KAB@55. 09 O B515 ?><>3C. >7L<8 B>B :@09 @C10H:8, :>B>@K9 >1@570; ?5@2K<, ?>4>638 53>& & AB>@>6=>, >B>948 >B A5=0, =0:0;8 ;57285 =>60. >4=8<09 55, 2>B AN40 ?>1;865 : OA;O<, BCB ;CGH5 284=>. >7L<8 55 A> A?8=K, ?>4<KH:8, ?>4=8<09, ?>4=8<09 2KH5, 2KH5, 45@68 55 ?>4 @C:8, 2>B B0:, =5 40209 59 ;>68BLAO. CABL =0 =>38 >?8@05BAO& >B B0:, B0: =C 65 , 0@8O !,, >A8D ?>445@6820; 0@8N, >1;820OAL ?>B>< 2>;=5=8O, 2845;, :0: 87 B5<=>BK @07428=CBKE <0B5@8=A:8E =>3 O28;AO <;045=5F. 0;KH ?@825BAB2>20; A25B =>G=>9 ?@>=78B5;L=K< :@8:><. B5F 8A?C30;AO: ,,<C 1>;L=>? >G5<C >= B0: :@8G8B?,, @>?>254=8: ?@>BO=C; 5<C @515=:0: ,,8:B> =5 ?@8E>48; AN40 A @04>ABLN. >7L<8 53>. ><=8, =5 B2>9 >= AK= 8 =5 >B5F BK 5<C& ,, 0;5=L:>5 25@B;O2>5 B5;LF5 ;53;> =0 @C:8 >A8D0, >=> 1K;> B0:8< 3>@OG8<, GB> :070;>AL, <>3;> A>3@5BL 2A5 >:@C602H55 53>. 15AA8;5==0O 0@8O ;560;0 =0 >E0?:5 A5=0, 70602 <564C =>3 >:@>202;5==K9 :><>: B@O?>:. ,,09, 409 53> <=5. B>, :B> >=?,,& .. >A8D ?5@540; 59 <;045=F0: ,,0;LG8: ,0@8O, <0;LG8:& 0;LG8: 8ACA. >B >=, :0:>9 ! ?@>87=5A;0 >=0 8 A;01> C;K1=C2H8AL, 4>1028;0.  >A8D >45=LAO& ." >A8D =0IC?0; 1@>H5==K9 =0 75<;N E8B>= , >45; 53> =0 3>;>5 B5;>, 0 :>340 >A<>B@5;AO , 70:@8G0;: ,,0@8O, 0 345 >=? 45 MB>B G5;>25:? -9, 345 BK? B> BK?,,& & & & . 3;C18=5 42>@0 70A:@8?5;0 425@L , <5;L:=C; >3>=5: 8 4> >A8D0 4>=5A;>AL :,,'B> BK >@5HL , 284=> <=5 2AN =>GL <CG8BLAO 87 - 70 A2>59 4>1@>BK.,,& & . 5B5@. !8;L=K9 25B5@ A <>@O. %>;>4=K9 25B5@. !>;=F5 A25B8;>, B0: 65 :0: 8 4> ?@>H;>9 AC11>BK, => =5 3@5;>. @>4 , F0@L C459A:89 A845; 8 A<>B@5; 2 =8:C40. !53>4=O 5<C GB>-B> =0?><=8;> >A5=L. 'B> 65? 5B5@  =5B. ">340 GB>? >74CE, 2>74CE A53>4=O ?@>?8B0= >A5=LN. # >A5=8 A2>9 70?0E , 53> =8 A :0:8< 8=K< =52>7<>6=> ?5@5?CB0BL. %>BO 2@5<O 5I5 =5 ?@8H;>. 0=> 5I5, >G5=L @0=>, =5 E>G5BAO 55& ., 0 >=0 ?@8H;0.  B0:85 4=8 @>4C :070;>AL : 25B5@, 4>=>A8B HC< <>@A:>3> ?@81>O, <KA;8 @071530;8AL 2 AB>@>=K, 3>;>2=0O 1>;L CA8;820;0AL. @>A=C2H8AL, >=, ?@5645 2A53>, A?@0H820; > ?>3>45 8, CA;KH02 A;>2> ,,25B5@,, >3>@G0;AO 8 60;5; A51O :0: @515=>:. !B@040=85 8A:060;> ;8F>, C3;C1;O;> <>@I8=K, A:>2K20;> O7K:. .=0O =0;>6=8F0 =5 1>4@8;0 4@OE;>5 B5;>, 0 :070;>AL, 2KBO3820;0 87 =53> ?>A;54=85 :0?;8 687=8 ; =5 A25B8B >=0, E>BO 8 A>3@5205B ?> =>G0<. =>340 >= 701K20;AO, =0AB0820; =0 B><, GB>1K =5<54;5==> : =5<C 1K;8 4>AB02;5=K B5, :>3> >= :>340-B> ;N18;. 0 =53> C482;5==> A<>B@5;8 : ?@> =8E C65 CA?5;8 701KBL. "5@O;8AL, >B25G0;8 >AB>@>6=>, :0: 1C4B> H;8 8 1>O;8AL >ABC?8BLAO 2 ?@>?0ABL F0@A:>9 =5<8;>AB8. =8 ?KB0;8AL =0?><=8BL 5<C, GB> =5 <>3CB B5 ;N48 1KBL @O4>< A =8<, B0: :0: 8<5==> ?> 53> C:070=8N 8E C40;8;8, 0 =5:>B>@KE 4065& . 5 <>3CB C65, 0 B0: ?>@>9 E>G5BAO& . >:@C3 <5;L:0;8 =>2K5 ;N48, ;N48, :>B>@KE >= =8:>340 =5 C7=05B, B0: :0: =8:>340 >=8 =5 AB0=CB AB0@K<8. 'B> ?@OG5BAO 70 =58725AB=K<8 ;8F0<8 ? ">;L:> =58725AB=>ABL . -B> >?0A=> !  B5, :>B>@KE A59G0A =5B @O4><, @0725 >=8 =5 1K;8 >?0A=K? A5 >=8 E>B5;8 2;0AB8. A5 >=8 701K20;8 > B>< , :B> 2KB0I8; 8E 87 A5@>AB8 A515 ?>4>1=KE 8 2>72KA8;. 5B, ?CABL C6 MB> 2@5<5==0O BI5A;02=0O AC5B;820O 3@O7L A 1530NI8<8 3;07:0<8 8 3=CB>9 A?8=>9. =8 =5 CA?5NB @0A?@O<8BL 8E . 5@7>AB8 G5;>25G5A:>9 >:50=, <=>3> 2 =5< B0:8E ?;0205B. ,,>A?>48, :0: =5;53:> 4C<0BL, :0:85 >=8 & ., :0: :0<5==K5& ,, @8H;8 3>4K =5?>2>@>B;82KE <KA;59, 0 :0:8E-B> 420, B@8 3>40 B><C =0704 >=8 ;53:> ?@52@0I0;8AL 2 @5H5=8O, =5 2K7K202H85 =54>C<5=8O ?>440==KE. 0<OBL D8:A8@>20;0 <5;LG09H85 ?>4@>1=>AB8 ?@>H54H8E A>1KB89, C45@6820;0 8<5=0 8 F8D@K. ;03>40@O 59 , F0@L 45@60; ;N459 2 ?>AB>O==>< =0?@O65=88, =5>6840==> 704020O B>B 8;8 8=>9 2>?@>A, A>74020; 2848<>ABL 2A57=0=8O 8 3;C1>:>3> ?@>=8:=>25=8O 2 ACBL 25I59. @>ABKE ;N459 >= ?>@060;, A?@0H820O > ?>4@>1=>ABOE 8E ;8G=>9 687=8, E>BO =5 2AB@5G0;AO A =8<8 C65 <=>3> ;5B. ;C?FK ?>?040;8 2 A5B8 =5>A254><;5==>AB8, 2 8E 3>;>20E 2>7=8:0;8 70:>=><5@=K5 2>?@>AK, A5@4F0 4020;8 A;04:85 >B25BK: ,,0: <>3 >= 70?><=8BL 8<O <>5 8 45;0 <>8? AB@5G0 =0H0 >AB028;0 2 ?0<OB8 53> =5873;048<K9 A;54. >G5<C >= ?><=8; >1> <=5? 84=> =5 B0: C6 =8GB>65= O , 5ABL 2> <=5 GB>-B> B0:>5, 5A;8 ?><=8B >1> <=5 A0< F0@L @>4.,, A?><8=0; 8 25@=> 4C<0; > B><, :0: A45;0BL 687=L <0;5=L:>3> 1@0<0 1>;LH>9 8 :@0A82>9. &0@L @>4 ;N18; 8A?>;L7>20BL MB>B ?@85<, >A>7=02, GB> G0AB> A>2A5< =5>1O70B5;L=> 2=8:0BL 3;C1>:> 2 ACBL, ?>@>9 4>AB0B>G=> ?>4E;5ABK20BL 8A?>;=8B5;59 7=0=85< ;8HL =5:>B>@KE ?>4@>1=>AB59. 01;C645=8O B> 548=AB25==>5 =0 A25B5, GB> @>6405BAO 87 =8G53> , 87 =57=0=8O. >B C65 =5A:>;L:> ;5B, :0: GC48;>AL 5<C, GB> <KA;8 >1;040NB D>@<>9 8 25A><, 8 A :064K< 3>4><, 8 4065 A :064K< 4=5<, ?>4=8<0BL 8 ?5@5=>A8BL 8E AB0=>28;>AL 2A5 BO65;59. 0:>9 87=C@8B5;L=K9, >4=>>1@07=K9 B@C4, :>B>@K9 B@51>20; ?@>4>;68B5;L=>3> >B4KE0. >A;5 =53> @>4 ;N18; A845BL 2 A04C, C:CB02H8AL 2 >45O;> , ?> 45BA:8 @04COAL 2>7<>6=>AB8 C9B8 2 =8:C40. "><C 65, :B> 1K; 2K=C645= 1K; ?@5@20BL MB> AG0AB;82>5 A>AB>O=85 , 3@>78;0 F0@A:0O =5<8;>ABL. ">340 >= >3>@G0;AO, @C30;AO, 3@>78;. 0: 8< ;53:> ;8H8BL 53> 1;065==>3> A>AB>O=8O <KA;5==>9 ?CAB>BK.  B>340 >= 1K; 2K=C645= ,:0: A;5?>9, :>B>@K9 8I5B ?>B5@O==K9 ?@54<5B, =0 >IC?L, 2 70:>C;:0E >A;01;5==>3> <>730 8A:0BL ?>B5@O==CN <KA;L, 0, =0B:=C2H8AL =0 =55, >= AB@0H8;AO ,4>;3> =5 7=0O A :0:>9 AB>@>=K : =59 ?>4ABC?8BLAO. @>1>20; ?>4=OBL 55, 1@>A0; 8 2=>2L ?KB0;AO 8 1@>A0; 8AB>I5==K9 =0 3@0=8B=K5 ?;8BK A>7=0=8O.  >=0 E@C?:0O :0: AB5:;>, @07;5B0;0AL =0 <5;LG09H85 >A:>;>G:8. >B 8 A>18@09 8E B5?5@L, =8:B> MB> =5 A45;05B :@><5 B51O , F0@L @>4.  B>340 >= A3@510; @07;5B52H85AO AB5:;OH:8, AB0@0B5;L=> A:;04K20; , => >=8 =8:0: =5 65;0;8 ?@8=8<0BL 1K;CN D>@<C. >B5@O2 65 2AO:>5 B5@?5=85 , >= =5G5;>25G5A:8< CA8;85< 2>;8 :>5-:0: A:;5820; 8E 2 ?@8GC4;82>5 548=AB2>. >;3> 1@>48; 2>:@C3, 2K8A:820O B>B :@09, GB> ?>C4>1=59 , 8;8 B>B, GB> :070;AO ?>;53G5 8 A 3@8<0A>9 AB@040=8O =0 ;8F5 ?>4=8<0; 55. 5@60BL 65 <KA;L 4>;3> 2 B0:>< ?>;>65=88 >= =5 <>3 8 ?>B><C 1@>A0; =0 3>;>2K =5?>=8<0NI8E A;CH0B5;59. 5?;>4>B2>@=0O @01>B0 A>?@>2>640;0AL @0ABO=CBK<8 72C:0<8, <54;5==> A>18@02H8<8AO 2 A;>20, 0 >=8, =5 7=0O >B2545==>3> 8< <5AB0, B>;:0;8AL, 2KB5A=OO 4@C3 4@C30. &0@542>@FK B5@O;8AL 2 4>304:0E - GB> 65 A:070=> 8<, 0 @>4, C28452 8E 70<5H0B5;LAB2>, A5@48;AO 8 ?>2B>@O; A:070==>5 03@5AA82=> 65AB8:C;8@CO. > 8 42865=8O 53> 1K;8 =52=OB=K<8, ?@020O @C:0 =5 ?>28=>20;0AL, E>BO : MB><C >= 5I5 =5 ?@82K:. = >BG0O==> A>?@>B82;O;AO ?@8BO70=8O< AB0@>AB8 , 8 1KBL <>65B >B B>3> ?@8E>48;8 4=8, :>340 >AB0B:8 1K;>9 <>;>4>AB8 =0?>;=O;8 53>: >= 70<5G0; :@0A>BC 2 65=A:8E D>@<0E, 1K; ?>42865= 8 C4828B5;L=> :@0A=>@5G82. 8HL =5<=>385 , A ?5@2>3> 273;O40 , <>3;8 C7=0BL :0:>9 >= A53>4=O. "5 , GLO 8=BC8F8O 1K;0 1>;55 @0728B0, 8<5;8 1>;LHCN 2>7<>6=>ABL ?@>GC2AB2>20BL CA;KH0==>5 8 1KBL >1;0A:0==K< F0@A:>9 <8;>ABLN. @>4 C<5; 4065 1>;57=L A2>N ?@52@0B8BL 2 >@C485 C?@02;5=8O. ;C?FK ?>?040;8 2 A8;:8 AB0@G5A:>9 E8B@>AB8: A=8AE>48B5;L=> C;K10;8AL, A;>2=> >?@024K20OAL: ,,0 , O 3>2>@N =5;5?K5 A;>20, => @0725 <>6=> ?> 8=><C >1I0BLAO A 2K682H8< 87 C<0 AB0@8:><.,, >;L=> A<>B@5BL =0 A<5NI8EAO =04 B>1>9. 8:><C >= =5 =C65=, =8:><C =5 =C65= =5<>I=K9 @>4!  B>340, <>;>B8; >= C<=8:>2 3=52>< A2>8<  ?CABL 7=0NB, 682 5I5 @>4, F0@L C459A:89.  B5 , 4@C385, GB> B>=:> GC2AB2>20;8 >BB5=:8 53> A>AB>O=8O ?  , >=8 2> <=>3> :@0B AB@0H=55 C;K1G82KE ?@>AB0:>2. -B8-B> >A>15==> >?0A=K ,>=8 GC2AB2CNB 53>, 7=0G8B, 8 ?>=8<0NB 1>;LH5, G5< 4@C385, 0 ?>=8<0=85 ACB8 :;NG : C?@02;5=8N. 8 =0 :>3> =5B =04564K, =8 =0 :>3>, >A?>48& 48=>G5AB2> 2>:@C3, <=>3>;8:>5 , => >48=>G5AB2>& . >4;>9 4CH5 ;53G5 @0A?>7=0BL ?>4;>ABL 2 4@C38E, B5< >=0 A51O 8 70I8I05B. 0;:85 >AB0B:8 A8; >= B@0B8; =0 8=B@838, AB0;:820O ?>440==KE; A2>9 AB@0E 2KB5A=O;, 2A5;OO AB@0E 2 4@C38E. ,,>A?>48, =0:068 =51;03>40@=KE . ?@>A8; >=,  09 A?>:>9=> C<5@5BL =0 F0@A:>< B@>=5,,. 8< =8:>340 =5 ?8B0; >A>1>9 ;N128 : C458 8 0;8;58. -B8 <0;5=L:85 3>AC40@AB20 =0 >1H8@=KE ?@>AB>@0E 8<?5@88, 2A5340 1K;8 ?>4>1=K ?>25@E=>AB8 :8?OI59 684:>AB8 : =58725AB=> 345 <>65B 27>@20BLAO 2>AAB0=85< 78;>B>2 8;8 2KABC?;5=85< @5;838>7=KE D0=0B8:>2; 0 2?@>G5<, C 8C4552 >4=> >B 4@C3>3> 1K;> =5>B45;8<>. 5@2>A2OI5==8:8 2A?><8=0;8 > 1K;>9 A8;5, 2<5H820OAL 2 B5 A25BA:85 45;0, 2 :>B>@KE @0=55 8E <=5=85 =5 8<5;> 25A0, A :5< - A :5<, 0 A =8<8 =5;L7O 1K;> =5 AG8B0BLAO. >B A@548 2A53> MB>3> & & & . 5I5 8 >=8 :B@>5 =58725AB=> >B:C40 ?@8H54H8E :>;4C=>2, 2>B C6 =5 :> 2@5<5=8 >=8, =5 :> 2@5<5=8. =8 ?@8H;8 87 2>AB>G=>9 AB@0=K, > :>B>@>9 <0;> :B> 7=05B, GB> 8 5ABL >=0, ?@8H;8 C2845BL =>2>3> F0@O C459A:>3>, ?@8H5AB285 :>B>@>3> ?@54A:070=> 2 A2OI5==KE :=830E. @8=5A;8 >=8 4;O =53> 1;03>2>=8O, <8@> 8 7>;>B>. ,,>;>B>& , :0: 1C4B> MB>B, =58725AB=> :B>, C65 F0@L C458.  =53>4>20; @>4,  <5=O 1C4B> 1K 8 =5B C65! =0;8 65 : :><C H;8 , 7=0;8 8 2A5-B0:8 ?@8H;8.,,  4@C3>9 45=L >= =5 A45@60; 1K A51O 8 =5 C9B8 1K 8< 682K<8. > A53>4=O ,>= =0 2@5<O C:@>B8; 3>@4K=N: E20B8;> A8; ?>:070BL A<8@5=85 8 708=B5@5A>20==>ABL. 5@54 @>4>< AB>O; 08=, =0G0;L=8: ?>;8F88 5@CA0;8<0. -02B@0, G5;>25: B2>9 & A <C4@5F0<8. -&0@L @>4, ?>72>;L A?@>A8BL. 'B> 5<C ?@8:065HL A45;0BL? -5@CA0;8< 3>2>@OB & >  > & F0@L C459A:89. 08= 702>;=>20;AO . !:070BL 8;8 =5 A:070BL? 5 A:065HL, A?@>A8B @>4: ,,>G5<C =5 7=05HL?,, ; A:065HL  C?@5:=5B: ,,>G5<C =5 4>;>68;?,, @8=5A5HL ?5@2K< 25ABL =54>1@CN- 2A5340 ?><=8BL 1C45B, 0 B> 5I5 8 BCB 65 70H815B =5A?@0254;82K<8 C?@5:0<8.,, #6 :B>-:B>, 0 08= ?>=8<0;, GB> F0@N @>4C :0: 65=I8=5  :064>9 =>2>AB8 A2>5 2@5<O. -@>AB8 <5=O, F0@L C459A:89 & -'B>  >  >& 7=0; & =5 A:070;!!! -@>AB8 <5=O,  70;5?5B0; =0G0;L=8: ?>;8F88, - O ?>;CG8; MB8 A2545=8O >B >4=>3> 3@5:0. -B>B G5;>25: , =0A:>;L:> O 7=0N, =5 70=8<05B =8 :0:>9 4>;6=>AB8, 8 B>;:>< =58725AB=> G5< 70=8<05BAO, >= @8<A:89 3@0640=8= 8 O 4C<0N, @01>B05B =0 ?@>:C@>@0& ->2>@8!  @51@> ?@02>9 ;04>=8 @>40 @0AA5:;> 2>74CE A25@EC 2=87. -= 4>=5A <=5 , GB> 420 4=O =0704 2 ?>AB>O;K9 42>@ 1@0<0 , ?> ?@>728IC ">;ABK9 , =>GLN ?@8H;8 <C6G8=0 8 65=I8=0. -B> 2 8D;55<5. <O <C6G8=K >A8D, 65=I8=K  0@8O, >=8 ?@8H;8 87 070@5B0 . ">9 65 =>GLN 65=I8=0 @>48;0 <0;LG8:0. -;02=>5& -@>AB8 <5=O ,A59G0A A:06C 8 >1 MB><. >48;AO <0;LG8: , 8 >=8 AB0;8 =07K20BL 53> 8ACA><. #B@>< 2 E;52, 345 >=0 @>60;0& ->1@K9 1@0<  & -#B@>< : =8< ?@8H;8 ?0ABCE8 8 @0AA:070;8, GB> B>9 =>GLN >=8 ?0A;8 >25F , =540;5:> >B 8D;55<0 , 8 8< O28;AO 0=35;, >= B> 8< 8 A:070;: ,,5 1>9B5AL. / ?@8H5; A>>1I8BL 20< 4>1@CN 25ABL, :>B>@0O ?@8=5A5B ;8:>20=85 2A5< ;N4O<. !53>4=O 2 3>@>45 0284>2>< @>48;AO 20H !?0A8B5;L, %@8AB>A, >A?>4L 20<. >B :0: 2K 3> C7=05B5: 2 OA;OE =0945B5 2K MB>3> <;045=F0.,, !CE>9 70BO6=>9 :0H5;L ?@5@20; 08=0. - @O=L& 4@O=L& A5& :0: 8 @0=LH5 F0@59 & . @8<;O=5 7=0NB, BK =5B. !45;09 :0: @0=LH5& :0: @0=LH5& 5 65;0N& .=8G53> =5 1K;>! @>4 A<>B@5;, :0: =0G0;L=8: ?>;8F88 A?8=>9 2?5@54 C40;8;AO. ,,# , 3048=0 ,=5 E>48B 7<559 ?>;705B, A<>B@5BL =04> 70 =8<. , >A?>48 8 70 =8< B>65 & & ,,  ?>4C<0; F0@L 8C459A:89 @>4. 5 ?@>H;> 8 G0A0 ,0 08= , 2 >4=>9 87 <5=O;L=KE :>=B>@ 5@CA0;8<0 , 2 =51>;LH>9 :><=0BCH:5 , A:@KB>9 >B 3;07 <=>3>G8A;5==KE ?>A5B8B5;59 , 25; @073>2>@ A <>;>4K< <C6G8=>9, 2 :>B>@>< 70 =51@>A:>9 2=5H=>ABLN 8 A45@60==>9 , A:@><=>9 <0=5@>9 ?>2545=8O , <>6=> 1K;> @073;O45BL G5;>25:0 ;>2:>3> 8 4065 45@7:>3>. = >1;040; ?@8@>4=K< 40@>< =5 1@>A0BLAO 2 3;070, 2K?>;=OBL A0<K5 I5:>B;82K5 ?>@CG5=8O, 4065 B5, GB> 1K;8 =5 ?> A8;0< 1>;55 7@5;K< 035=B0< . 08= =5 >4=064K A51O ;>28; =0 <KA;8, GB> > !G0AB;82>< >= =5 7=05B ?>GB8 =8G53> . > A;CE0< >= A8@>B0, 2>A?8BK20;AO 2 4><5 :0:>3>-B> B>@3>2F0. !G0AB;82K< , 53> ?@>720;8 70 =5>4=>:@0B=>5 8AF5;5=85 >B :>;>BKE @0=. >B 8 2A5. 5<=>3>. > MB> =5 A<CI0;> 08=0, =8 =0 :>3> 4@C3>3> >= =5 <>3 ?>=045OBLAO 2 AB>;L >B25BAB25==>< 45;5 . 13>2>@82 2 >1I8E G5@B0E ?;0= 459AB289 =0 702B@0, >=8 4>;3> >1AC640;8, :><C 65 ?>@CG8BL 3;02=CN @01>BC, A0<>5 =5G8AB>5 45;>, >B :>B>@>3> 8 7028A5;> 2K?>;=5=85 ?@8:070 @>40. - "0: :B> 65 ?;0480B>@ 8;8 "8E89& &  A?@>A8; 08=. -;0480B>@. - 0=55 O 1K B0: 8 ?>ABC?8;, => A59G0A <=5 4>=>AOB >= ?L5B :064K9 45=L, >= 1>;55B 28=><. -;8 ;5G8BAO 8<. ;0480B>@ 45H52;5 AB>8B. - 5GL =5 <>65B 84B8 > 45=L30E, F0@A:0O 2>;O ?@5645 2A53>. ->=5G=> 65, => 5ABL 8 4@C385 1>;55 25A:85 ?@8G8=K. "8E89 A;8H:>< <=>3> <>;8BAO. -/ 7=0N, >= <>;8BAO 5I5 8 @8<A:8< 1>30< 8 3@5G5A:8<. "8E89 3>B>2 <>;8BAO 2A5< 1>30<, GB> 254><K ;N4O< . A:>;L:8E >= C65 C18;, 7=05B B>;L:> >A?>4L, 0 <K B>;L:> 4>304K205<AO. -A5 7=0G8B5;L=> A5@L57=59, O 2845;, :0: >= <>;8BAO, B0: =5 ?@>AOB > 1;035, B0: <>;OB > ?@>I5=88. = <>65B =5 C18BL <;045=F0. -0, 40& A B>1>9 =5;L7O =5 A>3;0A8BLAO. ;045=F0 ?@5645 2A53>& .  =0G0;L=8: ?>;8F88 >1;53G5==> 274>E=C;,  'B> 6 @5H5=>- ;0480B>@. -!59G0A O >B40< =5>1E>48<K5 @0A?>@O65=8O, =0 MB> C945B =5 1>;55 B@5E G0A>2. &5;0O =>GL 2?5@548, A53>4=O 1C45B 83@0 2 4><5 A0<0@8BO=8=0 >2>0<0 , <=5 E>G5BAO 8A?KB0BL :>ABOH:0<8 AC4L1C. ;070 =0G0;L=8:0 ?>;8F88 701;5AB5;8, ?>B8@0O, <3=>25==> 2A?>B52H85 ;04>=8, >= 708A:820NI8< 3>;>A>< ?>?@>A8;: ,,>7=0:><L <5=O A =8<. / A;KH0; > =5< <=>3>5, ?>3>20@820NB , GB> 2A5 A2>5 A>AB>O=85, >= =068; 83@>9.,, -= >AB>@>6=K9 G5;>25: 8 83@05B B>;L:> A B5<8, :>3> E>@>H> 7=05B. -5 B><8 !G0AB;82K9, <=5 >= =5 ?>A<55B >B:070BL. ->=5G=> 65 , @0725 A0<0@8BO=8= ?>A<55B >B:070BL A0<><C =0G0;L=8:C ?>;8F88 5@CA0;8<0. !G0AB;82K9 4>;3> ?@>18@0;AO 2 =0?@02;5=88 3;02=KE 3>@>4A:8E 2>@>B. 540;5:> >B :@5?>AB=>9 AB5=K >= ?>ABCG0;AO 2 425@8 =5:078AB>3> 25BE>3> 4><8:0. 0 ABC: >B>720;AO ACE>?0@K9 AB0@8: ;5B A5<845AOB8. !G0AB;82K9 2>H5; 2 4>< , A> A;540<8 <=>3>;5B=53> 15A?>@O4:0 8 ?@83>B>28;AO A;CH0BL. - 0, 40& <=5 A0<><C =5?@8OB=> A<>B@5BL =0 2A5, GB> B2>@8BAO 2 MB>< 4><5. >B C65 45AOBL ;5B :0: C<5@;0 <>O 65=0 , 4>1@0O !0@0 . 0: <>3;> B0: A;CG8BLAO , GB> >B <5=O 8 >B 65=K <>59 @>48;>AL B0:>5 GC4>28I5 ? B:C40 >B 4@520 74>@>2>3> A5<O ?>30=>5 ? 065 8<O 53> ;N48 =5 ?@>87=>AOB, B0: 8 7>2CB ;0480B>@ . >G5<C : =5<C ;8?=5B 2A5 ?;>E>5, G5< O ?@>3=528; A>740B5;O? 5B 65=I8=K 2 <>5< 4><5, =5B , 8 MB> =5 65=I8=0. -B0 H;NE0 A59G0A @01>B05B, >=0 =07K205B MB> @01>B>9 , 2K B>;L:> ?>A;CH09B5, :0:0O B@C65=8F0 . 5B, 2K <=5 A:068B5 =0 :0:>< <5AB5 >B B0:>9 @01>BK ?>O2;ONBAO <>7>;8 ? =0 @01>B05B, 0 AK= <>9 :0: 2A5340 ?L5B& "K, :>=5G=> 65, ?@8H5; : =5<C, :> <=5 B> C65 =8:B> =5 ?@8E>48B, 4065 B5, :B> :>340-B> C2060; <5=O. 'B> <>65B 1KBL C 20A >1I53>, B0:>9 ?>@O4>G=K9 <>;>4>9 G5;>25: 8 @O4>< <>9 AK=. !G0AB;82K9 >4>1@8B5;L=> :820; 3>;>2>9, B5@?5;82> 2KA;CH820O 402=> =04>52H55 1@N760=85. -0B:=8AL AB0@8: ! 4>=5A;>AL 87 40;L=59 :><=0BK 8 2 425@=>< ?@>5<5 ?>O28;AO >1;040B5;L 3>;>A0 1>;55 ?>E>4OI53> =0 ;L28=K9 @K:. ,,830=BA:89 @>AB, >3@><=0O D878G5A:0O A8;0, 725@8=>5 ;8F>, H@0< =0 ;52>9 I5:5, >BACBAB285 42CE D0;0=3 =0 <878=F5 ?@02>9 @C:8  2=5H=>ABL 4;O 53> @5<5A;0 >G5=L ?@8<5B=0O, E>BO 4;O <5=O MB> <>65B 1KBL B>;L:> ?>;57=K<. ,,- ?>4C<0; !G0AB;82K9 . -0B:=8AL, AB0@8:! ->B B0: 2A5340 , >BF>< >= <5=O =5 7>25B, B>;L:> AB0@8:><. -0B:=8AL, G5< AB0@55, B5< A20@;8255, ?@>E>48 ,!G0AB;82K9, 2K?L5< 28=0, :0: BK 8 3>2>@8; O 64C B51O 2>B C65 420 4=O. -L5B >= C65 420 4=O.  2AB@O; AB0@8:. -0 70B:=8AL BK, ?>945< !G0AB;82K9. ;0480B>@ 8 !G0AB;82K9 ?@>H;8 2 40;L=5N :><=0BC 8 CA5;8AL 70 AB>;><, ?@8 MB>< 3>ABL 1@573;82> >A<>B@5;AO 8 =5 AB0; >1;>:0G820BLAO =0 AB>; . %>7O8= ?@>BO=C; 5<C :@C6:C A 28=><. -"K 459AB28B5;L=> <=>3> ?L5HL& ->B , 5I5 BK. -0, O, 8 BK 1C45HL A;CH0BL <5=O 8 45;0BL B>, GB> O 3>2>@N, 5A;8 E>G5HL 8<5BL <>=5BK.  8 >= 1@>A8; =0 AB>; BC3> =018BK9 :>H5;5: ,   5A;8 E>G5HL 68BL& !G0AB;82K9 ?>4=O; :@C6:C : ,,0 687=L,, 8 2 >4=> <3=>25=85 >ACH8; 55 . -0 687=L& ./ <=>3> ?LN, 1C4B> 1K O MB>3> =5 7=0N& / ?LN, => 45;> A2>5 7=0N& "0: 3>2>@8HL =5 B>;L:> BK, => @0725 20< ?>=OBL <5=O, <=5 A =8< ;53G5, >=> <>5 548=AB25==>5 ;5:0@AB2>& 5< O 1K; 8 :5< AB0;& / 1K; A>;40B>< >?8;>: 8 720;8 <5=O !8<>= 5;8:0=, <5=O 7=0;8 =5 B>;L:> 2 8<5, => 8 2> <=>38E 8=KE <5AB0E 8<?5@88, 345 ?@>E>48;8 3;0480B>@A:85 1>8. / CG0AB2>20; 2 A0<KE <=>3>G8A;5==KE 1>OE, :>B>@K5 CAB@0820; A0< 8<?5@0B>@, 8 1K; =5?>1548<, O A@060;AO ?@>B82 B@>8E 8 2KE>48; ?>1548B5;5<, O <>3 A@060BLAO 2 ;N1>< 2>>@C65=88 8 :0: A0<=8B 8 :0: @5B80@89, 8 :0: D@0A80=8=. / 18;AO 157 ?>I04K 8 284=> >3 E@0=8; <5=O , 5A;8 >AB028; <5=O 2 682KE, 0 4@C385 C<8@0;8 2 AB@0H=KE <C:0E. "K 7=05HL :0: AB@0H=> C<8@0BL A>18@0O @C:0<8 A>1AB25==K5 :8H:8& . / 1K; C2>;5= A ?>G5B><, <=5 2@CG8;8 45@52O==K9 <5G 8 O AB0; @8<A:8< 3@0640=8=><, BK ?>A<>B@8 =0 <5=O ,!G0AB;82K9 , O @8<A:89 3@0640=8=! / 8<5; 2>7<>6=>ABL A@060BLAO, C1820BL, 8 ?@8 MB>< 8<5; A;02C, ?>G5B, C2065=85, 0 B5?5@L O 8<5N B>;L:> 45=L38, =5B ?>G5B0, 5ABL AB@0E. > O, A;KH8HL !G0AB;82K9 =8G53> =5 1>NAL, =8:>3>. -/ B>@>?;NAL. 65AB:> ?@5@20; 53> 3>ABL, 8 :82=C; 2 AB>@>=C A>A54=59 :><=0BK, 87 :>B>@>9 4>=>A8;>AL <>=>B>==>5 AB0@G5A:>5 1C@G0=85. -!B0@8:, 2K948 ./ B515 A:070; 2K948.  :@8:=C; ;0480B>@. 0A:@8?5;0 8 E;>?=C;0 425@L & & -"K GB> A;KH0; > =>2>@>645==>< F0@5 ? -/ 682C A ?@>AB8BCB:>9, 0 : =8< AB5:0NBAO A;CE8 A> 2A59 C458- <C6G8=K =5 <5=55 1>;B;82K, G5< 65=I8=K. 1 MB>< C65 H5?G5BAO 25AL 3>@>4. -02B@0 87 5@CA0;8<0 2 8D;55< >B?@02OBAO B@>5 <C4@5F>2, >=8 CB25@640NB, GB> =0 =>2>3> F0@O C459A:>3> 8< C:065B 725740 . >94CB >=8 2 3>AB8=K9 42>@ 1@0<0 ">;AB>3> ,MB> 2 8D;85<5, 1>;LH5 84B8 8< =5:C40 . 02B@0 BK 4>;65= 1KBL B0<, >1@0B8HLAO : E>7O8=C 8 >= B51O ?>A5;8B, A:065HL 5<C, GB> BK ?@8H5; ?> 45;0< =0H8E >1I8E 4@C759. >A;5 B>3>, :0: C94CB <C4@5FK BK A45;05HL A2>N @01>BC. ->3>? -;045=F0.  =5 B>;L:> 53> 8 >BF0 53> - >A8D0 8 <0BL 53>  0@8N . AB0;L=K5 =5 B2>8. -;045=F0 ? -3>, ?@5645 2A53>. 0 B>1>9 ?@84CB CB@><. >68AL A?0BL. ;0480B>@ =0?>;=8; A2>9 AB0:0= 4> :@052 8 ?@>1C@G02 :,,0 687=L .,,?@>3;>B8; 6828B5;L=CN 2;03C. !G0AB;82K9 65 <>;G0 27O; :C2H8= , 2K;8; >AB0B:8 45H52>3> 28=0 =0 75<;O=>9 ?>; 8 =5 ?>?@>I02H8AL 2KH5;.  <0;5=L:>9 A;01> >A25I5==>9 :><=0B5 4><0 @>AB>2I8:0 >2>0<0 :@><5 08=0 8 !G0AB;82>3> ?@8ACBAB2>20; E>7O8= 8 5I5 3@5G5A:89 :C?5F. -BC :><=0BC A0< E>7O8= =07K20; 83@>2>9. >< A0<0@8BO=8=0 :0: 8 ?>@O4:8 702545==K5 2 =5< ?@54AB02;O;8 87 A51O ?@8GC4;82>5 A<5H5=85 B@048F89 8 1KB0 @07;8G=KE =0@>4>2, =0A5;O2H8E 8<?5@8N. @5G5A:>5 ?;0BL5 E>7O8=0 8 4>@>385 0D8=A:85 207K ,C:@0H5==K5 M<1;5<0<8 , A>A54AB2>20;8 A 8C459A:8<8 >45640<8 G;5=>2 53> A5<L8 . 5 A<>B@O =0 ?@5=51@568B5;L=>5 >B=>H5=85 8C4552 : A0<0@8BO=0<, :0: : 25@>>BABC?=8:0<, >2>0< , :070;>AL , =5 >1@0I0; 2=8<0=85 =8 =0 2@06451=K5 273;O4K, =8 =0 7;K5 2KA:07K20=8O. > 2A5< MB8< 60;:8< ?>?KB:0< 45<>=AB@0F88 A>1AB25==>3> ?@52>AE>4AB20 >= >B=>A8;AO, :0: : =07>9;82K< =0A5:><K< : 8E A>2A5< =5>1O70B5;L=> C1820BL , 4>AB0B>G=> B>;L:> >B<0E=CBLAO. =8 :>=5G=> 65 =565;0B5;L=K, => :C40 >B =8E 45BLAO ? >2>0< ?@8A?>A01;820;AO : 687=8 , @CG59:>< >1B5:0O 2AB@5G=K5 ?@53@04K, 8A?>;L7>20; A;01>AB8 G5;>25G5A:85 8 =8:>340 =5 45;0; AB02:8 =0 4>1@>45B5;L . 2>= <>=5B =02>48B <>ABK <564C A5@4F0<8 ;N459, @07@CH05B =04C<0==K5 ?@53@04K. #A;KH02, 53> 8C458 701K20NB > @5;838>7=>9 =5B5@?8<>AB8, @8<;O=5 > ?@52>AE>4AB25 702>520B5;59, 0 3@5:8 >E>B=> 1@0;8 <>=5BK 87 @C: =5:C;LBC@=KE 20@20@>2, 5A;8 MB> AC;8;> 2K3>4C. 5;0 53> H;8 CA?5H=>, >= 8<5; =5A:>;L:> <5=O;L=KE :>=B>@ 2 0;8;55 8 2 C455, A0< 65 >= ;8G=> 25; 45;0 A =081>;55 A>AB>OB5;L=K<8 :;85=B0<8. "5, :B> 8<5; 7028AB;82K5 3;070 8 1K; =5 2>745@60= =0 O7K: , ;N18;8 ?>8A:0BL >B25B =0 2>?@>A: "B:C40 B-0-:-8-5 45=L38?" =8 65 =0H5?BK20;8, GB> 5ABL C A0<0@8BO=8=0 8=>9, <0;> :><C 8725AB=K9 8AB>G=8: 4>E>4>2  =5G5AB=0O 83@0. A;8 ?0E=5B 30@LN B> 345-B>, GB>-B> 3>@8B. C4B> 1K 2 83@0E B5E ?@8=8<0NB CG0AB85 ;N48 A 1>;LH8<8 45=L30<8 8 2KA>:8< >1I5AB25==K< ?>;>65=85< ,>=8 B> 8 ?@>83@K20;8 E8B@><C <5=O;5 8=>340 F5;K5 A>AB>O=8O. 525@CNI85 >1KG=> 2>7@060;8: 2>-?5@2KE,  GB> <>65B 1KBL >1I53> A B0:8< G5;>25:><, :0: A0<0@8BO=8= >2>0< C B0:8E ?>GB5==KE ;N459 8 ?>B>< :0: 65 <>65B B0: 1KBL, GB> B5, :>3> AG8B0NB 40;5:> =53;C?K<8 ?@>83@K20;8 >3@><=K5 45=L38; 2>-2B>@KE, 5A;8 8 ?@>83@0;8 B> <>3;8 1K ?@5A?>:>9=> =5 >B4020BL 8E-GB> 2K83@02H89 <>3 A =8<8 ?>45;0BL? A254><;5==K5 , :820;8 3>;>2>9, >4>1@OO E>4 @07<KH;5=89 ?@>AB0:>2, <>;, 8 <K =5 <5=LH5 20H53> 4C<0;8 >1 MB>< 8 @0AB>;:C5< B515: ,,= ?;0B8B ?@>:C@0B>@C, 0 C6 C =53> B> 4>AB0B>G=> 3;0A=>9 8 =53;0A=>9 2;0AB8, GB>1K 27KA:0BL 45=L38 A 4>;6=8:>2,,. =0=85 ?>@>640NB >B:@KB8O 8 2>B C65 >G5@54=>9 >1@5<5=5==K9 8<8 G5;>25G5: 3>B>2 :@8G0BL : ,,-2@8:0,,. !G0AB;82K9 2=8<0B5;L=> =01;N40; 70 =0G02H59AO 83@>9. >;C;560 =0 ;>60E CAB@>5==KE ?> B8?C B5E, GB> CAB@0820;8 @8<;O=5 2 AB>;>2KE , 83@>:8 1@>A0;8 :>AB8 =0 4>A:C 87 4>@>3>3> 45@520 . 3@0 H;0 2O;>, =8:B> <=>3> =5 ?@>83@0; 8 <=>3>3> =5 2K83@0;, :>AB8 1@>A0;8 A?>:>9=>, 2@5<O >B 2@5<5=8 ?@8:;04K20;8AL : G0H0< A 28=><. @5:C O2=> =5 257;>, 5<C 2A5 G0I5 2K?040;0 ,,A>10:0,,. # =53> ?@>?0; 8=B5@5A : 83@5 8 ?>A;5 >G5@54=>3> =5C40G=>3> 1@>A:0 >= 70O28;, GB> 1>;LH5 =5 1C45B 8A?KBK20BL AC4L1C. = ;8H8;AO B>9 AC<<K, :>B>@CN <>3 ?>72>;8BL A515 ?@>83@0BL, 8 B5?5@L A?>:>9=> =01;N40;, :0: ABCG0; :>ABOH:0<8 08= & .!G0AB;82K9 ?@8428=C;AO ?>1;865 : 83@>:0< 8 A45;0; A2>N ?5@2CN AB02:C. !B>?:8 45=0@852 ?5@5:>G52K20;8 >B >4=>3> 83@0NI53> : 4@C3><C , ?> 4>;3C =8 C :>3> 87 =8E =5 7045@6820OAL. > ?>A;5 B@5E C40G=KE 1@>A:>2 08= ?>25@8;: C40G0 ?@8H;0 : =5<C. = C25;8G8; AB02:C, 1@>A8; 8 & & & :>ABOH:8 2 G5B25@BK9 @07 ?>:070;8 ,,5=5@C,,! "5=8 3C;O;8 ?> AB5=0< :><=0BK, >A25I05<>9 =5O@:8< ?;0<5=5< A25B8;L=8:>2, G5@=K5 ?OB=0 B> ?>4=8<0;8AL, B> >?CA:0;8AL, <5B0;8AL 87 AB>@>=K 2 AB>@>=C, ?5@5?>;70;8 A >4=>9 AB5=K =0 4@C3CN, ?@K30;8 ?>4 ?>B>;>:, A;>2=> 8A:0;8 >A2>1>645=8O. 070;>AL 4CH8 83@>:>2 <5B0;8AL , ?>?02 2 A8;:8 ?03C1=>9 AB@0AB8. @>83@02 >:>;> 42CEA>B 45=0@852 !G0AB;82K9 2KH5; 87 83@K. >A;5 53> CE>40 C40G0 >B25@=C;0AL >B 08=0, => >= C?@O<> ?@>4>;60; 45;0BL AB02:8. A:>@5 >= A?CAB8; 2A5& & .2A5, GB> =5 B0: 402=> 2K83@0;, 0 B0: 65 8 45=L38, ?@8=5A5==K5 8< 2 4>< MB>3> <5@7:>3> A0<0@8BO=8=0, A@548 =8E 8 45=L38 , :>B>@K5 >= 2K3040; ?@8 =09<5 C189FK <;045=F0 ?> 8<5=8 8ACA. 08= =5 1K; 1>30B, 4>;6=>ABL =0G0;L=8:0 ?>;8F88 5@CA0;8<0 1K;0 =5 B0: ?@81K;L=0 , :0: :070;>AL 5<C @0=55, 0 2>B E;>?>B 1K;> <=>65AB2>. ,,%>GC =0704 2A5, :0: 1K;> & . A5, :0: 1K;> !,, !0<0@8BO=8= >AB@K<8 3;07:0<8 ?@>=70; ?@>83@02H53>AO ?>:@KB>3> ?>B>< 3>ABO ,?KB02H53>AO >B?8BL 28=0 87 C65 ?CAB>9 G0H8, 8 24@C3 @0A?;K;AO 2 C;K1:5: ,,8:B> =5 <5H05B B515 >BK3@0BLAO, <=5 4;O B51O =8G53> =5 60;:>, @0725 <>6=> 4C<0BL > 45=L30E, :>340 2 4><5 B0:>9 3>ABL!,, =0: @C:8 - 2 :><=0B5 ?>O28;AO A;C30. 08= ?>;CG8; :@548B, 83@>: 4KH8B =04564>9.  >?OBL >= ?>;CG8; 2>7<>6=>ABL ?;KBL 2 ;>4:5 157C<8O ?> @5:5 070@B0.  B>9 ;>4:5 =8 @C;O, =8 25A5;, =8 ?0@CA0, 0 15@530 A0<>>1;040=8O B0: 40;5:>, GB> 8 =5 284=> 8E 2>2A5. = C420820; AB02:8. 8@=>5 B5;> @5:0 A>4@>30;>AL 2 B0:B @0A:0B8AB><C E@0?C. 3@0 ?@>4>;60;0AL =54>;3>, =045640 25@=CBL ?@>83@0==>5 >15@=C;0AL ?>B5@59 2A53>, 8 ?@8>1@5B5=85< 4>;30 2 2>A5<LA>B 48=0@852. ,,0 2A5 2 :>BB01CA.,,  ?@54;>68; A0<0@8BO=8= 8, @0A?@0282 C7:85 ?;5G8, ?>4=O; ;52CN @C:C 225@E. ,,0 2A5. ,, :82=C; 08=. !;C30 ?@8=5A ?;>A:89 A>AC4 8 =0?>;=8; G0H8 28=>< .E >ACH8;8 , 0 E>7O8= >1<0:=C2 C:070B5;L=K9 ?0;5F ?@02>9 @C:8 8 =0G0; 25AB8 >BAG5B :0?;O< ?040NI8< A =53>. >A5<=04F0BL. !G5B 4>;65= 1K; =0G0BLAO A 08=0 8 7=0G8B, ?@8 G5B=>< :>;8G5AB25 :0?5;L 2K83@KH 4>AB020;AO 5<C, => >= C65 1K; =5 2 A>AB>O=88 GB> B> ?>=8<0BL . ">;L:>, :>340 A;C30 A0<0@8BO=8=0 ?>428=C; : =5<C 3>@:C 45=0@852 , >= =020;8;AO =0 A?8=C 8 48:> @0AE>E>B0;AO. !>= 20;8; A =>3, 3>;>20 1>;5;0, @C:8 B@OA;8AL >B =0?@O65=8O ?@>H54H59 =>G8. 5G53> 1K;> 4065 8 4C<0BL > B><, GB>1K 2 B0:>< 60;:>< A>AB>O=88 70=8<0BLAO 45;><. ,,0 GB>1 8< 2A5<, A?0BL , A?0BL E>GC , B>;L:> A?0BL& .,,  H5?B0; 08=, >?CA:0O 3>;>2C =0 ?>4CH:C. ">;L:> CB@>< A;54CNI53> 4=O >B@O4 87 ?OB8 2A04=8:>2 >B?@028;AO 87 5@CA0;8<0 2 =0?@02;5=88 8D;55<0. 08=0 ?5@5?>;=O;0 1>4@>ABL, =5 <=>3> =04> G5;>25:C 4;O @04>AB8, =04> ?>B5@OBL 8 =09B8. @5:@0A=>5 =0AB@>5=85 ?@>?0;> A@07C 65, :0: B>;L:> 035=B, @01>B02H89 ?>4 <0A:>9 =8I53> 8 ?>;CG82H89 ?>702G5@0 25G5@>< C:070=85 C7=0BL :0: <>6=> 1>;LH5 > ?0ABCE0E, 28452H8E =35;0 8 ?>25402H8E > ,, F0@AB25==><,, <;045=F5, A>>1I8;, GB> ?0ABCE8 8AG57;8. 5B 8E =8345, 8 =8:B> =5 <>65B A:070BL 345 >=8. 08= 702>;=>20;AO, :0: B0: =5 C40;>AL =09B8 =8:>3> 87 B@>8E. 53:> MB> C =8E, 1KAB@> 3>;K< A>18@0BLAO  B>;L:> =03>BC ?@8:@K; 8 2 4>@>3C. > 2A5-B0:8& 2A5 B@>5& 0G0;L=8: ?>;8F88 >B?@028; 2A04=8:0 2 5@CA0;8< A ?@8<5B0<8 8AG57=C2H8E ?0ABCE>2. 08= 2A:>G8; =0 :>=O, A:>@55 2 8D;55<, : 1@0<C ">;AB><C! !<CB=>5 ?@54GC2AB285 B@52>68;> 53> :,,C 5A;8 5I5 8 B0<& ,,  ?>;45=L G5BK@5 2A04=8:0 ?>4J5E0;8 : ?>AB>O;><C 42>@C 1@0<0 ">;AB>3>. 0 2AB@5GC 8< 2KH;0 65=0 E>7O8=0, ?>?@825BAB2>20;0 8E 8 >1@0B8;0AL : 08=C, <3=>25==> >?@545;82, :B> 87 ?CB=8:>2 4>AB>8= =081>;LH53> ?>GB5=8O.,, >A?>48=, 65;05B >AB0=>28BLAO C =0A? ,,08= A;57 A :>=O 8 ?@>E>4O 2 4>< G5@57 ?;5G> 1@>A8; :,,25 :><=0BK, <=5 8 8<. 45 E>7O8=?,, 5=I8=0 :8=C;0AL 70 =8< ;>?>G0 : "%>@>H>, E>@>H>, :>=5G=> 65, :;85=BK @07J5760NBAO 8 & & " 08= @57:> >15@=C;AO 8 65=I8=0 =0;5B5;0 =0 53> 3@C4L, >BA:>G8;0 8 70<5@;0 . ,,/ A?@0H820N B51O, 345 B2>9 <C6 1@0< ?> ?@>728IC ">;ABK9 ?,, 5=I8=0 A;>68;0 =0 3@C48 >3@C152H85 >B <=>3>;5B=59 87=C@8B5;L=>9 @01>BK @C:8 8 3;>B0O ?@>@K20NI55AO @K40=8O A182G82> 70;>?>B0;0 , > B>< , GB> 1@0< A@>G=> C5E0; :C40-B> ?> >4=><C 5<C 8725AB=K< 45;0<. 5 >AB0=>28; !G0AB;82K9 2=8<0B5;L=> A<>B@52H89 =0 55 ;8F>: ,,5 ;38, 3>2>@8 ?@024C, ?5@54 B>1>9 =0G0;L=8: ?>;8F88 5@CA0;8<0,.. ,,@>AB8B5, ?@>AB8B5, 3>A?>48=, 2A5 MB> A;CG8;>AL 2G5@0  70B0@0B>@8;0 >=0 , 2A5 =0G0;>AL A B>3> 2@5<5=8 :0: : =0< ?@8H;8 >A8D 8 0@8O, >=8 ?@8H;8, :065BAO, 87 070@5B0 =0 ?5@5?8AL, 0@8O @>48;0 <0;LG8:0, CB@>< ?@8H;8 ?0ABCE8 8 A:070;8, GB> @>645==K9 <;045=5F %@8AB>A. 1 MB> 8< A:070;8 =35;K. G5@0 CB@>< ?@85E0; :C?5F 87 0;8;58 8 42>5 53> A;C3, 0 2A;54 70 =8<8 ?@8H;8 B@8 ?@>@>:0 87 :0:>9-B> 40;5:>9 AB@0=K, >=8 AB0;8 ?>:;>=OBLAO MB><C <;045=FC 8 =07K20BL 53> !?0A8B5;5<. @8H;> <=>3> =0@>40 , >=8 2A5 MB> 2845;8, >=8 B@>30;8 <;045=F0 8 C482;O;8AL. 5G5@>< <C4@5FK, >A8D 8 :C?FK 87 0;8;58, 0 2<5AB5 A =8<8 8 <>9 <C6& C6 <>9 8 B@>5 :C?F>2 70A=C;8 70 AB>;>< 8 8E =8:B> =5 <>65B @071C48BL, =8:B>& ,,45 >A8D, 0@8O, <;045=5F, ?@>@>:8?,,  ?@>:@8G0; 08=. ,,=8 ?@>?0;8, 8E =8:B> =5 <>65B =09B8& ,,& .. ,,A<>B@5BL 25AL 4><, >1> 2A5<, GB> <>65B ?@82;5GL 2=8<0=85, 4>:;04K20BL .,,  @0A?>@O48;AO 08=. 3> ?@>25;8 2 :><=0BC, :>B>@0O 1K;0 ?@54>AB02;5=0 0@88 8 >A8DC A@07C 65 ?>A;5 CE>40 ?0ABCE>2, 2 MBC :><=0BC ?> ?>:070=8O< ?>AB>O;LF52 =5>4=>:@0B=> 70E>48;8 ?@>@>:8. 0?0E AB>O2H89 2 2>74CE5 70AB028; ?><>@I8BLAO. 0 >4=>9 87 :@>20B59 5<C ?>:070;8 ;C6C 87 A;01> ?5@520@5==>9 ?8I8. ,, A5 ?>=OB=> .->1@0B8;AO 08= : !G0AB;82><C , E>BO 8 =5?>=OB=>3> >AB020;>AL 1>;55 G5< ?>=OB=>3> ,-AB0=5HLAO 745AL, 4>645HLAO, :>340 >=8 ?@>A=CBLAO, <>65B 1KBL C40ABAO GB>-=81C4L C7=0BL. / 2 5@CA0;8<. ,,08= 2KH5; 2> 42>@, >B2O70; :>=O 8 4>;3> AB>O; AB@0H0AL 157KAE>4=>AB8 : =04> 5E0BL , 0 GB> 2?5@548? =52C @>40 ,F0@O C459A:>3> 3@0=8FK =5254><K. ><C :@>2CH:>9 >B>;L5BAO ?@>8AH54H55? ;. 3  ) !#!. 0G5< :@5AB8;AO B>B, B> ?@8720= 1K; A?0A0BL, @5I5=85< 701;C4H8E? %>B5;>AL 1K <=5 7=0BL& . .;89 ?@>18@0;AO ?> =>G=K< C;>G:0< 8<0, =5 2K?CA:0O 87 284C B5<=>5 ?OB=>, 2 :>B>@>< ?@8 O@:>< ;C==>< A25B5 ;53:> C7=020;0AL 65=A:0O D83C@0. -B>B A3CAB>: B5<=>BK ?5@542830;AO B> 1KAB@>, B> <54;5==>, ?@>1530O ?C30NI85 53> =5>A25I5==K5 <5AB0, 24@C3 >AB0=02;820;AO, >78@0OAL ?> AB>@>=0< 8 ?@8A;CH820OAL. =>340 , 65=I8=0 @57:> @072>@0G820;0AL 8 1560;0 2 AB>@>=C ?@5A;54>20B5;O , ABCG0 A0=40;8O<8 8 A?>BK:0OAL > :0<=8 @0718B>9 <>AB>2>9. ">340 .;89 ?@868<0;AO : AB5=0< <5=55 >A25I5==>9 AB>@>=K C;8FK, ?OB8;AO =0704 8 <>;8; 1>3>2, GB>1K >AB028;8 >=8 53> =570<5G5==K<. 5@=>, 5A;8 =5 1>38, B> C6 4CE8 B5E C;>G5:, =0 :>B>@KE MB> A;CG0;>AL, A;KH0;8 53>: 8A?C30==0O 65=I8=0 ?>@>9 >AB0=02;820;0AL 2A53> 2 =5A:>;L:8E H030E >B =53>, >1>@0G820;0AL 8 B>;L:> :>340 >:>;> C 1;8609H53> ?5@5:@5AB:0 70B8E0;8 ?LO=K5 3>;>A0 8;8 GL8-B> B>@>?;82K5 H038, >=0 C40;O;0AL. .;89 :@0;AO 70 =59 :0: :>B, <5B0;AO 87 AB>@>=K 2 AB>@>=C, 2K6840;, :>340 >=0 >B>945B ?>40;LH5 , 8 2=>2L 4>3>=O; 55. C=0 ?@>:;OB0O, A;>2=> 2715A8;0AL : 1C4>@068;0 B5;>, :8?OB8;0 :@>2L. 5@5=5AB8 AB>;L A8;L=>5 2;5G5=85 1K;> ?>GB8 =52>7<>6=>, <C6G8=0 7068<0; G;5= ?>B=K<8 ;04>=O<8, :CA0; 3C1K 8 G0AB> 4C<0; : ,,45AL, A59G0A A45;0N MB>. 5B A8; 640BL ! =0 1C45B <>59 , <>59 , <>59.,, "0: 1K >= 8 ?>ABC?8;, 5A;8 1K B0:>9 A?>A>1 >1;040=8O A0<:>9 =5 :070;AO 5<C A;8H:>< =54>AB>9=K< G5;>25:0 @07C<=>3>. ?5@2K5 0@F8O ?@82;5:;0 2=8<0=85 <>;>4>3> =0AB>9G82>3> 2A04=8:0 , 5I5 2 ?5@2K9 45=L =0ABC?82H53> 3>40 =0 B@048F8>==>< 65@B2>?@8=>H5=88 A2>59 =5>1KG=>9 2=5H=>ABLN 5;> 1K;> 4065 =5 2 B><, GB> C 55 1>;LH0O 3@C4L A>G5B0;0AL, =0A:>;L:> MB> <>6=> 1K;> @0AA<>B@5BL ?>4 >4564>9, A B>=:>9 B0;859 8 H8@>:8<8 154@0<8. !CBL 70:;NG0;0AL A>2A5< 2 8=><: :@0A>B0 65=A:8E D>@< C6820;0AL A >BACBAB285< 2AO:>3> 2KA>:><5@8O; 0 MB> O2;5=85, :0: 7=05B ;N1>9 <C6G8=0, 2AB@5G05BAO :@09=5 @54:>. 0 5I5 :> 2A5<C MB><C >AB@K9 C< , 8 2A5 GB> =07K205BAO E>@>H8< 2>A?8B0=85<.  5I5, ?>60;C9, A0<>5 206=>5 4;O .;8O , 2 55 3;070E >= C;>28; 2@>645==CN ?>B@51=>ABL ?>:>@OBLAO. 1I5=85 A B0:8<8 ;N4L<8 =0?>;=O;> 53> 2=CB@5==59 M=5@3859, C4>2;5B2>@O;> =5>A>7=0205<K5 ?>B@51=>AB8. 0 ?@54;>65=85 ?@>4>;68BL 2708<>>B=>H5=8O 40;55 ?@>AB>3> 7=0:><AB20 0@F8O >B25G0;0 256;82K<8 >B:070<8, 0 2A:>@5 >=0 AB0;0 65=>9 284=>3> A5=0B>@0, >B<5G5==>3> >A>1K< @0A?>;>65=85< 8<?5@0B>@0. ">340 .;89 @5H8; 8A:0BL >1E>4=K5 ?CB8 : =0<5G5==>9 F5;8, 4065 =5 ?@54?>;030O, GB> >48= 87 =8E >:065BAO =081>;55 1;87:8<. >4:C?;5==0O A;C60=:0 0@F88 A>>1I8;0 5<C > B><, GB> 3>A?>60 55 ?> =>G0< , B09:>< >B 2A5E A;C3 8 <C60 :C40-B> CE>48B <>;8BAO, 1KBL <>65B, 2 E@0< A84K. B>< ?>4C<0; 8 .;89, :>340 65=I8=0 ?>4E>48;0 : E@0<C A2>59 0@E8B5:BC@>9 =5 ?>E>482H53> =8 =0 >4=> 87 :C;LB>2KE A>>@C65=89 8<0. 0@F5;0 2>H;0 2 E@0< 1>38=8 A84K, >B:@K2 =8:>340 =5 70?8@05<K5 425@8. @>AB>@=K9 70;, 2 :>B>@>< @0A?>;030;0AL =0 =51>;LH>< 2>72KH5=88 AB0BCO 1>38=8 , BCA:;> >A25I0;AO A25B8;L=8:0<8, 3>@OI8<8 2AN =>GL. AO:89 , :B> ?@8E>48B AN40, 7=0; , 53> 64CB ;N1>3>, 64CB, =5 2K18@0O G0A0. 5=I8=0 B>@>?;82> ?@>H;0 : <=>3>@C:>9, @>30B>9 AB0BC8 8 ?@8?0;0 : 55 AB>?0< : ,,5;8:0O A840, B0 C :>B>@>9 BKAOG0 8<5=, BK :>B>@CN 7=0NB 2A5, 70B<82H0O A;02>N A2>59 4065 @8<A:8E 1>3>2, ?><>38 <=5. C6 <>9 >E;045; :> <=5 A@07C 65 ?>A;5 A204L1K, 8 254L 8 =5 65=0 O 5<C 5I5, GB> A =8< ?@>8AE>48B? >NAL O, GB> A;CE8 > 53> 604=>AB8 >:070;8AL ?@024>9, =5 45=L38 ;8 >BF0 <>53> ?@82;5:0;8 53>. >B C65 G5BK@5 <5AOF0 >= 4065 =5 @073>20@8205B A> <=>9. A840, 4>1@0O A840, ?@>HC, A60;LAO =04> <=>9 8 ?><>38 <=5, 1KBL <>65B @>645=85 @515=:0, 87<5=8B 2A5, 8 687=L <>O 1C45B =8G5< =5 EC65, G5< C 4@C38E. ">;L:> BK <>65HL <=5 ?><>GL, B>;L:> BK A<>3;0 70G0BL >B <5@B2>3> AC?@C30 A2>53> A8@8A0. 5 >1E>48 <5=O A2>59 <8;>ABLN, 409 @515=:0 <=5, <>3CI5AB25==0O A840,,. .;89 1K; =5 2 A8;0E 1>;55 B5@?5BL 8 A:@5AB82 @C:8 =865 ?>OA0 15AHC<=> <5B=C;AO, >B A:@K202H59 53> :>;>==K , : 2KE>4C. 07@K20NI55 0B;5B8G5A:>5 B5;> =0?@O65=85 B@51>20;> C4>2;5B2>@5=8O. = =5 H5;, >= 1560; : B><C > :>< 2A?><8=0;, :>340 ?>E>BL ?>15640;0 @07C<.  53> ?>@>G=>9 A2O78 A N=F><, A>2A5< <0;LG8:><-0@B8AB>< 0@85< 7=0;8 B>;L:> A0<K5 1;87:85 4@C7LO. = ?>7=0:><8;AO A =8< 2 BO65;K9 ?5@8>4 D8=0=A>2KE =5C40G, A2O70==KE A ?>AB02:0<8 E;510 2 8<. 5;0 45=L >B> 4=O H;8 2A5 EC65, 8 :070;>AL, =5 1C45B =8:0:>3> C;CGH5=8O. "0:>5 A;CG0;>AL =5 >4=064K , 8 :0: 2A5340 .;89 CAB@>8; ?@074=8: CAB0;>9 4CH5: ?@074=8: B>B 4;8;AO ?>;B>@0 <5AOF0 8, ?>60;C9, ?@>4;8;AO 1K 4>;LH5, 5A;8 1K >4=064K >= =5 ?>A5B8; B50B@, 0 B0< =5 ?>7=0:><8;AO A 0@85<, ?@8OB=K< 0@85<, A;04:8< 0@85<. 0@89 405B 5<C B>, GB> =5 A?>A>1=0 40BL <C6G8=5 =8 >4=0 65=I8=0. 8:>340 =5 8A?KBK20; >= @04>AB8 >1;040=8O <C6A:8< B5;>< 8 8A:@5==5 C482;O;AO , :0: 4@C385 =5 E>B5;8 4065 ?>?@>1>20BL ?@5;5AB8 B0:>9 ;N128. >A;5 A2840=8O A ?>40B;82K< <0;LG8:>< >= 1K; A?>:>5= 8 =0 :0:>5-B> 2@5<O 87102;O;AO >B 871KB:0 03@5AA82=>AB8, G0AB> <5H02H59 5<C 2 2545=88 B>@3>2KE 45; . = =0A;0640;AO B5;>< , ?@8@>4>9 A>740==K9 ?>4>1=K< 53> B5;C, B5;>< :>B>@>5 AB>=0;> >B 1>;8 ?@8G8=O5<>9 8<, ;0A:0;> , @52=>20;> 53>, 8& & 4>@>68;> A2>8< C=865=85<. 5 >4=064K .;8N ?@8E>48;>AL 84B8 =0 :><?@><8AA A B5<8, :>3> =5=02845;, C;K10BLAO B5<, :>3> E>B5; @07>@20BL, 8 2A5 MB> @048 A45;:8 B>;L:> AC;OI59, => =5 30@0=B8@CNI59 2K3>4C. A;8 >6840=8O >?@024K20;8AL, 8 >= , >1>30I0;AO =0 ?@8OB=CN AC<<C 8< 70:0BK20;8AL @>A:>H=K5 ?8@CH:8, =0 :>B>@KE ?>4=>A8;8 1;N40 87 7=0<5=8B>9 :@0A=>9 @K1K, AB>82H59 =5<0;KE 45=53. ?@>G5<, =5C40G=0O A45;:0 >B;8G0;0AL 5I5 1>;LH8<8 ?8@0<8. >AB8 5;8 8 ?8;8, 0 .;89 70;820; 28=>< A>1AB25==K5 C=865=8O - 242>9=5 >184=> @0A?;0G820BLAO ?@8B5A=5==>9 3>@4K=59 70 ?>B5@N A2>8E 65 45=53. ">;L:> <0;5=L:89 0@89 C1;060; 53> 8 ?>72>;O; 157=0:070==> C=860BL A51O. >A;5 C4>2;5B2>@5=8O 65;0=8O .;89, ;560 2 ?>AB5;8 0@8O CH5; 2 A51O. 0;LG8: 702>;=>20;AO 8 @52=82> A?@>A8;: ,,>9 .;89, 4>@>3>9, > G5< BK 4C<05HL? ;8 BK =5 <>9?,, - 0@89, >BAB0=L C B51O >4=> =0 C<5. =5 =C6=0 <0A:0. - 0:0O <0A:0? .;89 ,?@>:07=8: BK B>;L:> GB> ;N18; <5=O 8 3>2>@8HL > :0:>9-B> <0A:5, :0: BK B0: <>65HL? - 5 7C48. =5 =C6=0 A0<0O >1K:=>25==0O <0A:0, >4=0 87 B5E, GB> C B0:8E :0: BK <=>65AB2>. - 0:8E B0:8E .;89 ? - @B8AB>2, 0@B8AB>2, O B>;L:> MB> E>B5; A:070BL, B>;L:> MB>. =5 A@>G=> =C6=0 <0A:0 A 87>1@065=85< AK=0 1>38=8 A84K >@0. -0G5< >=0 B515? "K >?OBL GB>-B> 704C<0;, ?@>:07=8:. -%20B8B 1>;B0BL, <=5 =C6=0 <0A:0 >@0. A;8 =5 =0945HL 55, B> 70:068, ;CGH5 C MB>3>, :0: 53>, =C B>3> AB0@8:0, O 70?;0GC, => 8 <0A:0 4>;6=0 1KBL A0<>9 E>@>H59. >A;5702B@0, CB@>< O 1C4C 745AL. E;0452H89 ;N1>2=8: @K2:>< ?>4=O;AO A :@>20B8, 15AF5@5<>==> 2K45@=C; 87-?>4 0@8O 87<OBCN BC=8:C 8, =5 ?>?@>I02H8AL, CH5;, 0 =0:070==K9 1>3>< ;N1>2=8: CB:=C;AO ;8F>< 2 ?>4CH:C 8 70?;0:0;: ,,0: 1>;L=> <=5, :0: 1>;L=>, =C ?>G5<C O ;N1;N B0:>3> 15AA5@45G=>3> G5;>25:0& ,,. 0@F8O ?@8H;0 2 E@0< A84K G5@57 B@8 4=O.@82KG=> >?CAB8;0AL =0 :>;5=8 2>7;5 157<>;2=>9 AB0BC8 8 >1@0B8;0AL : =59: ,,5;8:0O A840, B0 C :>B>@>9 BKAOG0 8<5=, B0 :>B>@CN 7=0NB 2A5, 70B<82H0O A;02>N A2>59 4065 @8<A:8E 1>3>2, ?><>38 <=5. C6 <>9 >E;045; :> <=5 A@07C 65 ?>A;5 A204L1K, 8 254L =5 65=0 O 5<C 5I5. >B C65 G5BK@5 <5AOF0 >= 4065 =5 @073>20@8205B A> <=>9. A840, 4>1@0O A840, ?@>HC, A60;LAO =04> <=>9, ?><>38 <=5. >65B 1KBL @>645=85 @515=:0 ?>40@8B <=5 ;N1>2L <C60. "K , AC<52H0O 70G0BL >B <5@B2>3> <C60, ?><>38 <=5 70G0BL >B 682>3> .,, "@8 @070 A MB8<8 A;>20<8 >1@0B8;0AL >=0 : <>3CI5AB25==>9 1>38=5, 0 ?>A;5 MB>3> 70<>;G02, A:;>=8;0 3>;>2C, A;>2=> =5 65;0O 1KAB@K< CE>4>< >A:>@18BL 55. 0 A?8=>9 @0740;AO 72C: C?02H53> :0<5H:0, ME>< ?@>:0B82H89AO 24>;L AB5= E@0<>2>3> 70;0, B0: GB> ;8HL =0 <3=>25=85 70<5H:02H8AL, 1K;> =52>7<>6=> >?@545;8BL <5AB> 53> 2>7=8:=>25=8O. 0@F8O, >3;O45;0AL 8 2A:@8:=C;0, C28452 A ?@02>9 AB>@>=K , GCBL ?>40;LH5 >B =52>7<CB8<>9 A84K , 1>3>?>4>1=>5 ACI5AB2>, A :@5?:8< <C6A:8< B5;>< 8 3>;>2>9 @>30B>3> 725@O. ,,5 1>9AO <5=O, 0@F8O!  ?@>@>:>B0; >=  / AK= A84K, O >@. 0BL <>O CA;KH0;0 B51O 8 A:070;0:,, >A?5H8 : =59 8 409 59 B>, GB> ?@>A8B >=0. "2>9 <C6, 2A?><=8B B51O 8 1C45B @04>ABL A B>1>9 ,,.  7=0: 871@0==>AB8 @515=>:, @>645==K9 B>1>9 1C45B 70G0B >B 1>30, O AB0=C 53> >BF><.,, 5 25@O AG0ABLN A2>5<C, =5 CA?52 >14C<0BL ?@>8AH54H55 <0B@>=0 ?@>H5?B0;0: ,,0: MB>& & . C <5=O, 254L 8 A G5;>25:>< B> =5 1K;0. 'B> 45;0BL <=5?,, >@ 8A:@5==5 C4828;AO: ,,0: BK 5I5 452AB25==8F0? "5< ;CGH5. A5 MB> =5 B0: C6 8 A;>6=> 45;09 2A5, B0: :0: O 3>2>@N B515,,. >B>< >= 45;0; 2A5 <>;G0 - >=0 157@>?>B=> ?>4G8=O;0AL 8 4065 ?5@5B5@?52 1>;L ,AB0;0 :0: C<5;0 ?><>30BL 5<C. >B B0: 1C4=8G=>, =0 <@0<>@=>< ?>;C 1K;0 >AG0AB;82;5=0 >=0 1>38=59 A84>9 2 ;8F5 AK=0 55 >@0. I5 4>;3>, ?>A;5 B>3> :0: BO65ABL 53> B5;0 A20;8;0AL A =55, >=0 ;560;0, =5 @0A:@K20O 3;07, 0 @0A:@K2 8E =5 C2845;0 53> @O4><. !;8H:>< > <=>3>< >=0 E>B5;0 ?>3>2>@8BL A =8<, ?>B><C 8 >3>@G8;0AL 53> 8AG57=>25=8N, => 254L =0 B> >=8 1>38, GB>1K =5 >B25G0BL ?5@54 A<5@B=K<8. 5AL 45=L 0@F8O, >B>@20==0O >B <8@0 68;0 ?@>H;K< 8 =045O;0AL =0 ?>4>1=>5 1C4CI55, 2A5 1K;> B0: =5>1KG=>, 40 8 <>3;> ;8 1KBL 8=0G5 A 1>3><. 0 2>7=8:H89 2>?@>A:,,  :0: 65 A G5;>25:><?,, >=0 =5 704C<K20OAL, >B25G0;0 A515: ,,>=5G=> 65, =5A@02=5==> EC65,,.  A;54CNICN =>GL >= =5 ?@8H5;, 0 >=0 =045O;0AL, 0 >=0 640;0. 40;0 :0: =8 :>3> 8 =8:>340. ;N1;5==0O C2845;0 53> =0 ?OBK9 45=L: 2A5 B>B 65 72C: B5?5@L C65 >1@04>20; 55, => =0 MB>B @07 >=0 =5 >15@=C;0AL. ">, GB> >@ =5 O28;AO, 0 1C4=8G=> 2KH5; 87-70 :0<5==>3> 2>?;>I5=8O A2>59 <0B5@8 , 0@F8N =5 =0AB>@>68;>, 59 8 2 3>;>2C =5 <>3;> >A:>@18BL 53> ?>4>7@5=85<. 'C2AB2> 28=K ?5@54 <C65< B5@70;> 55, => @0725 MB> 87<5=0, :>340 B51O 2>765;0; 1>3? 9 B0: E>B5;>AL ?>1KAB@55 871028BLAO >B A><=5=89, GB> >=0 @5H8;0AL =0 2>?@>A. .;89 ?>B5@O; >1@07 =52>7<CB8<>3> 1>30 , => >G5=L A:>@> , B>=>< >B25@30NI5< ;N1K5 ?><KA;K > 2>7@065=88 , A45;0; <=>3>A;>2=>5 70O2;5=85. 7 A:070==>3> >=0 ?>=O;0 3;02=>5 : >@C =5 ?>=@028;AO 55 2>?@>A, >= 3=520;AO; <C6 55, 5A;8 >= =5 4C@0: , 1C45B B>;L:> @04 ?;>4C AB>;L 2>72KH5==>9 ;N128 , 55 65 G5;>25G5A:>5 45;> =5 @07<KH;OBL 8 <CG8BLAO A><=5=8O<8, 0 8A?>;=OBL ?>25;5=8O 1>3>2. 0@F8O , =5 ?>4=8<02H0OAO A :>;5= , A;CH0O 53>, A<8@5==> :820O 3>;>2>9. 0 MB>B @07 ?>E>B;82K9 1>3 ?>25;5; 0@F88 ?@81;878BAO, ?>25@=CBLAO : =5<C A?8=>9, ?>4=OBL >4564K A2>8 8 =0:;>=8BAO ?>=865. 9 1K;> >G5=L =5C4>1=> 8 AB@0H=> 2 B0:>< ?>;>65=88 . A;8 1K >= =5 AB8A=C; 55 B0;8N AB0;L=K<8 ?0;LF0<8, >=0 =5?@5<5==> C?0;0 1K . >340 >= 2KH5; 87 =55 , >=0 >1;53G5==> 274>E=C;0 8 ?>?KB0;0AL , 40BL >B4KE >=5<52H8< <KHF0< A?8=K, :0: 24@C3 @57:0O 1>;L ?@>=78;0 55, >=0 2A:@8:=C;0 8 =52>;L=> >15@=C;0AL. 0 A?8=>9 >@0, 8;8 B>3> :B> 8< E>B5; :070BLAO , >=0 70<5B8;0 <C6A:85 ;8F0, 3>@OI85 ?>E>B;82K< ;N1>?KBAB2>< - >=8 65;0;8 55 & & & & & & & & ..! 7 E@0<0 A84K 2K1560;8 B@>5 <C6G8= , 8 B>;L:> <8=C2 =5A:>;L:> :20@B0;>2 , >=8 ?5@5H;8 =0 H03, 0 ?>B>< 8 2>2A5 >AB0=>28;8AL ?5@525AB8 4KE0=85. .;89 ?5@2K< 703>2>@8;: ,,>B B5?5@L >=8 <>8, B5?5@L 2K 7=05B5, O =5 >1<0=C; 20A& BK ?@>83@0;, :>340 O ?>;CGC A2>8 300 A5AB5@F852,,. & & . H5?B0; : ,,0<>;G8 BK @048 2A5E 1>3>2, =8:C40 =5 45=CBAO B2>8, B> 5ABL <>8 45=L38, :>B>@K5 O B515 4>;65=. !59G0A O B51O ?@>HC B>;L:> >1 >4=>< =5 :@8G8 B0: 3@><:>, 0 5I5 ;CGH5 70<>;G8.,, -"K ?>A;CH09 53> & & & & >= O2=> >1<>G8;AO, C B51O, GB> ?>B5:;> B0<. A;8 1K BK <=5 ?>25@8; , 300 <>=5B >AB0;8AL 1K C B51O, 8 =5 1K;> 1K MB>3> AB@0E0. -5 8745209AO =04> <=>9. K C1560;8, 0 =04> 1K 1K;> 59 ?><>GL, 254L >=0 <>3;0 8 C<5@5BL A 8A?C3C, B0:>5 G0AB> A;CG05BAO. -'B> 65 BK ?@54;0305HL,  2<5H0;AO & & & ..  25@=CBLAO?  24@C3 >=0 C<5@;0? 5@=8AL, ?>:0 =5 ?>74=> <K 5I5 =5 B0: 40;5:> C1560;8. .;89 70;8;AO 3@><>?>4>1=K< A<5E><. - !C<0AH54H89, G53> A<5H=> 2> 2A5< MB>< ? 2>;=>20;AO& & & . - 5 <>3C, =5B MB> 459AB28B5;L=> A<5H=>, O >1 MB>9 0@F88 , :0: ;53:> >=0 ?>25@8;0. - !B@0==> =5 B>, GB> >=0 ?>25@8;0, AB@0==> B>, GB> 0@F8O =5 A0<0O 3;C?0O 65=I8=0 87 2A5E 8725AB=KE <=5  A:070; & & & - @8 G5< 745AL 3;C?0O 8;8 =5 3;C?0O, =0 B0:85 C;>2:8 ?>@>9 ?>:C?0NBAO 4065 A0<K5 C<=59H85 ;N48. 0102=> 2A5-B0:8 :0: <>3;0 2K3;O45BL 2AO MB0 :0@B8=0 2 459AB28B5;L=>AB8. -"K > G5<? -/ > B><, :0: MB> <>3;> 2K3;O45BL. >B A848B MB0 A0<0O A840 2 538?5BA:8E 1>;>B0E, 345-B> =540;5:> >B 8;0 8 ?><KH;O5B, :0: 65 ?><>GL MB>9 A0<>9 0@F88. N48 B0: ;53:> 25@OB 2 A2>N 871@0==>ABL. -& & & & 4;O MB>3> G5;>25:0 =5B =8G53> A2OB>3>, 4@C610 A =8< =5 ?@82545B =8 : G5<C E>@>H5<C. -  :0:>9 A2OB>AB8 BK 3>2>@8HL ? !>2A5< =5402=> BK 1K; 3>B>2 2>A?>;L7>20BLAO >1<0=CB>9 65=I8=>9, =545;N B><C =0704 5I5 452CH:>9. / ?>=8<0N 20A , 4@C7LO <>8, =0AB@>8;8AL =0 C4>2>;LAB285 , 0 =8G53> =5 2KH;>, ?>MB><C ?@54;030N A59G0A >B?@028BLAO : <0;5=L:><C, ;N125>18;L=><C 0@8> , A7048 :>=5G=> >= =5 B0: E>@>H, :0: 0@F8O, => 2 >1<>@>: =8:>340 =5 ?0405B. #B@>< G5B25@> >1>@20=F52 , A>>@C482 87 ?;0I0 ?>4>185 =>A8;>:, ?@8=5A;8 B0: 8 =5 ?@8H54HCN 2 A51O 0@F8N : 4><C 55 <C60. -B0 8AB>@8O 1K;0 1K ;8H5=0 <=>38E ?5G0;L=KE ?>A;54AB289 , =5 1C4L, >1=0@C65=> 8AG57=>25=85 <0B@>=K . -B>3> =5 A;CG8;>AL, 0 ?>B><C ?>A;5 ?0@K C25A8ABKE 70B@5I8=, >B25H5==KE 3830=B>< @01>< :064><C 87 =8E, >=8 ?5@51820O 4@C3 4@C30 @0AA:070;8 > B>< , GB> 8< 1K;> 8725AB=>. @5FK E@0<0 A84K =0=O;8 8E, GB>1K >B=5AB8 65=I8=C 2 MB>B 4><. 0 2>?@>A A5=0B>@0, >B:C40 6@5F0< 8725AB=> 8<O 55 8 345 >=0 6825B , >=8 ?>68<0;8 ?;5G0<8, <K =5 A?@0H820;8 : 40;8 45=L38 <K 8 ?>=5A;8. !5=0B>@ 87;8; A51O =0 2A5E, :B> 1K; @O4>< A =8< - =5G53> 8< =0A;0640BLAO 687=LN, :>340 >= AB@0405B 8 B>;L:> ?>A;5 MB>3> , =5<=>3> CA?>:>82H8AL, ?>3@C78;AO 2 @07<KH;5=8O. 3> =8GCBL =5 >701>B8;> A>AB>O=85 <>;>4>9 65=K, 53> 1>;55 2A53> AB@0H8;> :0:8< >1@07>< 55 =>G=K5 ?>E>645=8O <>3;8 >B@078BLAO =0 53> @5?CB0F88 G5;>25:0 1;87:>3> : 8<?5@0B>@C . 0AA?@>AK 0@F88 =5 40;8 =8:0:8E @57C;LB0B>2, ?@>H;> >:>;> G0A0 :0: 55 C40;>AL ?@825AB8 2 GC2AB20, => >=0 157<>;2=> A845;0 =0 :@>20B8, >E20B82 3>;>2C @C:0<8 ?;0:0;0. ?@>A A;C3 8, ?@5645 2A53> @01K=8. A;C60=:8 0@F88 , =5 40; =8:0:8E @57C;LB0B>2; =8:B> =8G53> ?>4>7@8B5;L=>3> =5 2845;, =5 A;KH0;, =5 7=0;. !5=0B>@ AB@>3> =0:070; 2A5< E@0=8BL <>;G0=85 > ?@>8AH54H5<. !C@>2K9 E>7O9A:89 =@02 ?C30; ?@8A;C3C, 0 ?>B><C 2 4><5 CAB0=>28;0AL BO3>AB=0O B8H8=0  3@>< ?@>3@5<5;, 2 :>3> C40@8B <>;=8O? A5 ?@>OA=8;>AL A0<> A>1>9 A ?@8E>4>< 65=>?>4>1=>3> <0;LG8:0, =0AB0820NI53> =0 2AB@5G5 A A5=0B>@><.  4@C3>9 1K @07 70=>AG82K9 ?0B@8F89 =5 C4>AB>8; 2=8<0=85< ?@54AB028B5;O <=>3>G8A;5==>3> 0@B8AB8G5A:>3> A1@>40, => A53>4=O 45=L >A>1K9. !5=0B>@, ?@>94O 2 ?>@B8:, >A<>B@5; ?@8H54H53> N=F0, 8 <KA;5==> 2K@C30;AO, >1>7202 53> >1@570==K< ?5=8A><, 8, ?>A5B>20; =0 ?>4;>5 2@5<O , 2 :>B>@>5 B0:>5 =8GB>65AB2> <>65B =>A8BL F0@A:>5 8<O . #@>4 =5 <C6G8=0, =5 65=I8=0. - / 3>B>2 2KA;CH0BL B51O, <=5 A:070;8 , B51O 7>2CB 0@89? - / 4065 =5 7=0N A G53> =0G0BL& & ..40, 40 <5=O 7>2CB 0@89. - 0G=8 A ?@8G8=K ?>1C482H59 B51O ?@89B8 :> <=5. / 7=0N, :B> =04@C30;AO =04 B2>59 65=>9& & & .. -"K =0G0; =5 A ?@8G8=K, ?>1C482H59 B51O ?@84B8, 0 A B>3>, GB> ?@>1C48;> 1K <>9 8=B5@5A ,  A5=0B>@ =8G5< =5 2K40; 2=CB@5==53> 2>;=5=8O >E20B82H53> , E>BO :>60 ?>4 53> ;52K< 3;07>< 704@>60;0, => O 3>B>2 A;CH0BL B51O. 0AA:07K209, B0: :0: 1C45B B515 C4>1=>. - ?@>H;CN =>GL :> <=5 ?@8H5; <>9 7=0:><K9 .;89, >= 2A04=8: 70=8<05BAO B>@3>2K<8 45;0<8, 0 A =8< ?@8H;8 5I5 42>5, :B> >=8 O =5 7=0N, O 70?><=8; ;8HL 8E 8<5=0: >4=>3> 87 =8E 7>2CB & & & & , 0 4@C3>3> & & & & & .. 7 8E @073>2>@>2 O ?>=O;, GB> ?@>87>H;>. .;89 70E>B5; >2;045BL B2>59 AC?@C3>9, => 2708<=>AB8 >B =55 >= 4>18BLAO =5 A<>3. ">340 >= ?>40@8; 55 A;C60=:5 65<GC68=C 8 >B =55 C7=0;, :C40 3>A?>60 E>48B ?> =>G0<. .;89 =045; <0A:C 87>1@060NICN ;8F> AK=0 1>38=8 A84K, 0 ?>B>< C1548; 0@F8N 2 B><, GB> >=0 4>;6=0 >B40BLAO 5<C . G5@0, B>G=55 A53>4=O, 40 A53>4=O =>GLN >=8 ?>H;8 BC40 2B@>5< .;89, & & & & . 8 & & & & - "K, 0@89, =5?;>E> >A254><;5=. - / A;KH0; 8E @073>2>@K. - 0: MB>B, :0: 53> >@, 40 1C4L >= ?@>:;OB .;89, :0: >= C7=0;, GB> <>O 65=0 ?>A5I05B E@0< A84K. -/ 65 3>2>@8; B515, 55 A;C60=:0 A>>1I8;0 5<C. -0, 40, GB> 6 MB> O, BK 3>2>@8;. >B GB> A:068 <=5, ?>G5<C ?@8H5; BK :> <=5. -/, O A>GC2AB2CN B515,  0@89 >B25; 3;070 2 AB>@>=C, >?CAB8; 8E 8 A><:=C; :8AB8 @C:. -0G5<? =5 A B@C4>< 25@8BAO, GB> G5;>25: A?>A>15= B>;L:> 87 A>GC2AB28O :> <=5 ?@>9B8 G5@57 25AL 8<. "K E>G5HL 45=53? 0@89 <>;G0;. !5=0B>@ >?CAB8; =0 =53> BO65;K9 273;O4. - =0G8B =5 B>;L:> 45=L38, E>BO 8 >=8 =5 ?><5H0NB. ">340 GB>? - =8 87=0A8;>20;8 <5=O  2A5 2B@>5<. ,,540 B> :0:0O ! CE<K;L=C;AO A5=0B>@,  4C<0N, ?@8 B>< >1@075 687=8 :>B>@K9 2545B B0:>9 ?>@>G=K9 G5;>25:, B0:>5 A;CG0;>AL A =8< C65 =5 >4=064K. "CB 2A5 3;C165 .= ;N18B MB>3> .;8O ! -BC A:>B8=C =54>AB>9=>3> ;N128 4065 B0:>3> ?04H53> =8GB>65AB20,,. -/ 1;03>40@5= B515, 0@89, O =094C A?>A>1 2>7=03@048BL B51O.  B5?5@L >AB02L <5=O. >3>48& .-A5=0B>@ >?CAB8; BO65;K9 273;O4 =0 0@8O,- 5 @0AA:07K209 >1 MB>< =8:><C. 8:><C & & .. '5@57 ?>;G0A0 2 :><=0B5 A;C60=:8 0@F88 1K;0 >1=0@C65=0 65<GC68=0. B:C40 C @01K=8 27O;0AL AB>;L 4>@>30O 25IL >=0 >B25B8BL =5 A<>3;0, 0 2A:>@5 A>7=0;0AL , 8 ?>4B25@48;0 @0AA:07 0@8O, 2 B>9 53> G0AB8, :>B>@0O :0A0;0AL 8E >B=>H5=89 A .;85<. 'B> 65 A;54C5B ?@54?@8=OBL? 0: ?>ABC?8BL? 5 2<5H820BLAO 8 ?@540BL 2A5 70125=8N ? 5B, MB> 1K;> =5 2 53> E0@0:B5@5, 157=0:070==>5 >4=064K, 3@>78B 2K720BL =5>1E>48<>ABL ?>2B>@=>3> =0:070=8O. > :0: =0:070BL 8 ?@8 MB>< 871560BL =565;0B5;L=>9 >3;0A:8 ? 0:8< 1K =5 1K; =5?@8OB=K< B0:>9 20@80=B , => ?@845BAO 2>A?>;L7>20BLAO @0A?>;>65=85< 8<?5@0B>@0. 5 ?@81530O : A8;5 70:>=0, 2>7<>6=>, =0:070BL, B>;L:> ?@81530O : A8;5 15770:>=8O 8;8 , B>9 A8;5, :>B>@0O 2KH5 70:>=0, :>B>@0O A0<0 5ABL 70:>=. "5, :B> @0AAG8BK20; C2845BL 2 =0A;54=8:5 >65AB25==>3> 23CAB0 4>AB>9=>3> ?@>4>;60B5;O 53> A;02=KE 45; , 65AB>:> ?@>AG8B0;8AL. A;8 25@8BL CB25@645=8O< @8<A:>3> ?8A0B5;O !25B>=8O , ?5@54020O 2;0ABL "815@8N , 23CAB 60;5; =0@>4 .  ?>A;54=85 3>4K 8AB8==> >65AB25==K9 2K18@0; 87 <0;> ?@83>4=KE A0<>3> ?>GB5==>3>. K1@02 <5=LH55 7;>, >= 2A5 @02=> 2K1@0; 7;>. A5 =0G8=0;>AL 2=5H=5 =5 <5=55 4>AB>9=>, G5< 2 ?@02;5=85 23CAB0, 0 70:>=G8;>AL 65AB>G09H59 48:B0BC@>9, C=8GB>65=85< 4065 A0<KE 1;87:8E, 4065 @>4=KE 45B59 8 2=C:>2, 2A5E :B> 1K; 70?>4>7@5= 2 ?@8BO70=8OE =0 2;0ABL. 0:>=><5@=>, GB> 3>AC40@AB2> 70 3>4K ?@02;5=8O "815@8O ?@8H;> 2 C?04>:, 1K;8 ?>B5@O=K =5:>B>@K5 ?@>28=F88, =0@>4 >1=8I0; . 8<, 1K; ?>4 C3@>7>9 ?>B5@8 A2>53> 25;8:>;5?8O , 2=>2L ?>4=O;8 3>;>2K @0=55 157@>?>B=K5 8 ?>:>@=K5, ?>GC2AB2>202 A;01>ABL 8<?5@88 . 3> ?@02;5=85< =0G8=0;8AL 65AB>:85 45AOB8;5B8O 20:E0=0;88 48:B0BC@K , >?CAB82H59 @8<;O= 4> ?>;>65=8O @01>2 , 2@5<5==> B5@?52H8E A0<K5 ?@8E>B8 E>7O8=0 , =0E>4OI85AO 70 3@0=LN @07C<0 G5;>25G5A:>3> .  3>@4K9 8< B5@?5; 2A5 : 15770:>=8O , 3@01568 8 C189AB20 , A25@30O >4=>3> 8 AB02O 4@C3>3> A><=8B5;L=> ;CGH53> 48:B0B>@0. 070;>AL @8<;O=5 >157C<5;8 , ?>701K2 > =5402=8E 4>AB>8=AB20E @5A?C1;8:8 , A?0A0OAL >B AB@0H=>9 AB8E88 E0>A0 4>1@>2>;L=> >B4020;8AL 4@C3>9 @07@CH8B5;L=>9 A8;5 , AB@0H=59 :>B>@>9 ?>B><:0< :070;>AL 8 1KBL B> =8G53> =5<>3;>. > 1K;> 5I5 =5GB> 1>;55 C60A=>5 - C@>4;82>5 48BO 45<>:@0B88 8 <0B5@80;L=>3> 87>18;8O <>3CG53> 3>AC40@AB20  0@<8O 3>;>4=KE 8 604=KE 4> 2;0AB8 ?A>2 , A?>A>1=KE 70 <3=>25=8O @07>@20BL B5;> 8<?5@88 =0 :CA:8. "0 0@<8O A>AB>O;0 87 BKAOG >1>30B82H8EAO ;N459, =5:>B>@K5 87 :>B>@KE 5I5 =5A:>;L:> ;5B B><C =0704 1K;8 @010<8 , =>A82H8<8 =0 70BK;:5 >B<5B8=C >A2>1>645=8O , AB@5<OI8EAO : 2;0AB8, 45=L30<8 2;8OO =0 A5=0B>@>2 701K2H8E A2>5 ?@54=07=0G5=85 , A?>A>1=KE B>;L:> =0 15A:>=5G=K5 @5G8, A?>A>1=KE 701>;B0BL 1;03>5 8 2>7=5AB8 =8GB>6=>5 . K2H85 @01K AB0=>28;8AL 2;045;LF0<8 =5A<5B=KE A>AB>O=89 8 AG8B0;8, GB> 2>B >=>, ?@8H;> 8E 2@5<O ?@028BL MB8< 3>@>4>< , 2@5<O ;N459 , ;>2:8E 8 E8B@KE , =5 7=0NI8E ?@545;0 2 A2>8E ?@8BO70=8OE , <>3CI8E B>?B0BL @8<;O= 8 ?>B5H0BLAO =04 8E 1K;K< 25;8G85<. > MB> B>;L:> ?>:0 , 0 ?@845B 2@5<O 8 >=8& & . =8 >?@545;O;8 F5==>ABL G5;>25:0 45=L30<8 ,?>@>482 ?>3>2>@:C :,, 064K9 G5;>25: AB>8B @>2=> AB>;L:> A:>;L:> C =53> 45=53,,. 8< ?>72>;O; 8< MB> .5=L38 ?@028;8 @0768@52H59 AB>;8F59 , 0 >=8 B@51>20;8 2;0AB8 - =08;CGH53> 2;>65=8O :0?8B0;0 ,8 =8:0:85 C25I520=8O , ?@87K2K : 1;03>@07C<8N =5 >AB0=02;820;8 25G=> 3>;>4=>5 ?;5<O . ;0ABL 1K;0 3>B>20 ?@>4020BLAO 8 1K;> <=>3> >E>B=8:>2 55 :C?8BL. =0 B>@3>20;0 A>1>9 8 A>60;5;0 , :>340 <0;> ?;0B8;8 . 5=L38 3>@48;8AL A2>8< 2A5A8;85< , 3>B>2K5 8725AB8 2A5 682>5 2>:@C3 A51O . > 1K;0 5ABL 8 1C45B A8;0 =5?>42;0AB=0O 8< , A8;0 @>6405<0O AB@0E>< A<5@B8 8 A?>A>1=0O >AB0=>28BL 157C<85 15A:>=5G=>3> =0AKI5=8O. CE =0F88 1K; 87J545= G5@2O<8 8 B@51>20; =5<54;5==>3> >G8I5=8O. >B :>340 ?@8E>48B 2;0ABL >4=>3> 8 B>340 C65 2B>@>AB5?5==0 53> G5;>25G=>ABL 48:B0B>@0 . 3> ?@54=07=0G5=85 45@60BL 2;0AB>;N182>5 1K4;> 2 C745.  ?>B><C >= 4>;65= 1KBL E>BO 1K =0 >48= H03 1>;55 87>I@5==59 , 1>;55 @5H8B5;L=59 8 03@5AA82=59 ;N1>3> 87 B5E , GB> ?>4 =8< .  ?>:0 >= 1C45B A>1;N40BL MB> =5E8B@>5 ?@028;> , >= 1C45B =5>1E>48< , >= 1C45B 2;0AB2>20BL 8& .. 68BL. 0: 65 ?@8 B>< A>E@0=8BL ;8F>& .G5;>25G5A:>5? 8 :064K9 48:B0B>@ 23CAB. @8<5B =0@>4 48:B0BC@C 8 ?;>ECN 8 E>@>HCN , :0: 1>;L=>5 48BO, =5 >BB>;:=CB - A2>O >=0 , @>4=0O , 8 B0:0O =5>1E>48<0O  548=AB25==>5 A?0A5=85 >B A<5@B8. ! 55 ?@8E>4>< =0G8=05BAO ;N18<59H0O G5;>25G5A:0O 83@0 ?>4 =0720=85< A:068 , GB> BK > =59 4C<05HL , A;>2=> <=5=85 G5;>25G:0 A?>A>1=> 87<5=8BL 25;5=85 2@5<5=8. 4=8 ;N1OB 55 2A5< =5@07C<=K< A5@4F5<, 8=K5 ?>=>AOB 55 =07K20O A51O <C4@5F0<8, ?@5425I0O A:>@CN 3815;L >B =5>3@0=8G5==>9 2;0AB8 >4=>3> 8 =5 2540NB >=8 , GB> 381;8 402=> , 4C<0O GB> ?@>F25B0NB. 8:B0BC@0 =8 ?;>E0 8 =8 E>@>H0 ->=0 F5;5A>>1@07=0. >AAB0=CB ?@>B82 =55 , O@:85 2 A2>59 8=48284C0;L=>AB8 , 8 ?@8<5B <0AA0 157;8:8E. C4CB :@8G0BL ?5@2K5 :,,0G5< 3>AC40@AB2> ?>B0:0NI55 A5@>AB8 =0@>4=>9!,, , =5 >A>7=020O B>3> , GB> B>;L:> =0 D>=5 MB>3> ;N4A:>3> >4=>>1@078O 8 70 53> AG5B >=8 <>3CB ?@>O28BL A51O ,  A5@>ABL G5;>25G5A:0O CAB0;0 >B =8E 8 E>G5B ?@>AB> 68BL. 0 ,>=8 B@51CNB E;510 8 7@5;8I , 8 =5A<>B@O =0 2AN A2>N =5?@83;O4=>ABL , 1;03>40@O A?>A>1=>AB8 : :064>4=52=><C 87=C@8B5;L=><C B@C4C , >15A?5G820NB @07<=>65=85 , ?;>4O 2 B>< G8A;5 8 B5E GB> >B;8G=K >B =8E, 8 :0:8<8 1K =8 1K;8 >=8 =5?@83;O4=K<8 , 1;03>40@O 8< 8 ?@>4>;605BAO 687=L =0 75<;5 . >3 ;8 , ?@8@>40 ;8, 2AOG5A:8 A?>A>1AB2C5B A>E@0=5=8N F5;>3> , 65@B2CO M;5<5=B0<8 8=48284C0;L=>ABL :>B>@KE G5@57<5@=0 . A;8 1K @5A?C1;8:0 1K;0 548=AB25==> =5>1E>48<>9 D>@<>9 3>AC40@AB25==>3> CAB@>9AB0 , B> >4=064K 2>7=8:=C2 >=0 1K ACI5AB2>20;0 2A5340 . 4=0:> 687=L , >G5284=> , 3>@074> A;>6=55 , 8 =0 A<5=C 45<>:@0B88, ?>A;5 ?5@8>40 2A54>72>;5==>AB8 , 2A5340 ?@8E>48;0 48:B0BC@0 ; ?>4>1=> B><C :0: >4=> 2@5<O 3>40 A<5=O5B 4@C3>5 . C4@K9 , ?@8<8 ;8AB>?04 =04564 =0 @07C<=>ABL G5;>25G5A:>3> 1KB8O , ?@5:@0B8 <5@:0<8 @07C<0 G5;>25G5A:>3> ?>7=020BL ACI=>ABL 687=8 .  =8G53> =5 ?>45;05HL , 5A;8 15A:>=B@>;L=0O A8;0 >BE20B8B ;8H=89 :CA>: 74>@>2>9 ?;>B8 ,1>;L=> :>=5G=> 65, => 4@C3>3> F5;8B5;O =5B , 0 =0 ,, =5B,, 8 "815@89 >65AB25==K9 8 59@>= B5F B5G5AB20 . "815@89 1K; 2 E>@>H5< =0AB@>5=88 - 2>B 8 ?@8H;> 2@5<O ?>?@>1>20BL =0 7C1 <=>38E 402=> @074@0602H8E 53>. AO:0O A8;0, :0:0O 1K >=0 =8 1K;0, >B :>3> 1K >=0 =5 8AE>48;0 , :C40 1K 2 40==K9 <><5=B =5 1K;0 =0?@02;5=0 , 1K;0 ?>B5=F80;L=>9 C3@>7>9 548=>;8G=>9 2;0AB8, 2;0AB8 8<?5@0B>@0 "815@8O. 065 =0548=5 A A>1>9 >= >?@024K20; ?@8=OBK5 @5H5=8O 3>AC40@AB25==K<8 8=B5@5A0<8, 0 B0:>2K5 1K;8 ,8 ?@8 B>< 1K;8 25AL<0 ACI5AB25==K<8 . 8<A:0O 8<?5@8O AB@040;0 >1KG=>9 1>;57=LN A25@E- 45@602, =5:>B>@K5 87 =0@>4>2 702>520==KE <5G>< >:07K20;8AL 1>;55 A?>A>1=K<8 , >BB5A=OO 702>520B5;59 2> <=>38E >1;0ABOE G5;>25G5A:>9 45OB5;L=>AB8 4065 B0:8E 206=KE , :0: M:>=><8:0 8 @5;838O. #4>1=K9 A;CG09 ?>425@=C;AO, >AB0;>AL 8< 2>A?>;L7>20BLAO A =081>;LH59 2K3>4>9 - >4=8< C40@>< @07@C18BL =5A:>;L:> C7;>2: >G8AB8BL 8< >B CA8;82H53>AO 2;8O=8O 8=>25@=KE :C;LB>20 B0:65 >3@0=8G8BL 2;8O=85 8C4552 =0 M:>=><8:C 8 & & & & .?>?>;=8BL A2>9 :>H5;5:. 5@8>48G5A:8 2>7=8:0NI85 D8=0=A>2K5 :@878AK ?@>2>F8@>20;8AL @>AB>2I8:0<8, <=>65AB2> 87 :>B>@KE 1K;8 8C45O<8, 8 4C<0BL , GB> >=8 =5?@8G0AB=K : ?@>F5AA0< M:>=><8G5A:>9 =5AB018;L=>AB8 3>AC40@AB20 , :0: 2?@>G5< 8 53> ?@>F25B0=8O , 1K;> 1K B0: 65 =082=> , :0: ?>;030BL , GB> <0BL =5?@8G0AB=0 : @>645=8N A2>53> @515=:0 .@C3>5 45;> , GB> =5 >=8 >4=8 & & & ..8 <>65B 1KBL >=8 2 <5=LH59 AB5?5=8 G5< 4@C385 , => >4=> B> , GB> >=8 1K;8 ?@8H5;LF0<8 , @074@0602H8<8 A2>59 @5;838>7=>9 >1>A>1;5==>ABLN 2K45;O;> 8E A@548 ?@>G8E , 45;0O 1>;55 CO728<K<8. "815@89 ?@8=O; @5H5=85, 8 >BABC?0BL >B =53> =5 A>18@0;AO, >184K >A:>@1;5==>3> A5=0B>@0 53> 701>B8;8 <5=55 2A53> >AB0;L=>3>. K;> 1K >G5=L =5?;>E>, 5A;8 1K 2 E@0<5 A84K 8C459 =04@C30;AO =04 @8<A:>9 <0B@>=>9. 0A8;L=8: 8 53> 4@C7LO, @8<A:85 3@0640=5, 2A5 2A04=8:8. 1 MB>< <>6=> 8 C<>;G0BL, ?@>AB>: @8<A:0O <0B@>=0 1K;0 87=0A8;>20=0 2 E@0<5 A84K. B> <>65B 30@0=B8@>20BL, GB> =5GB> ?>4>1=>5 =5 <>65B ?@>87>9B8 2 >4=>9 87 A8=03>3 ? @O7L 1@>H5=0, ?CABL >B<K20NBAO.  B><, GB> A0<K5 ?@8GC4;82K5 ?5@5?;5B5=8O G5;>25G5A:8E AB@0AB59 , <>3CB ?5G0;L=> >B@078BLAO =0 8E AC4L15 8C458 7=0;8, >BAN40 8 2@>645==0O ?@82KG:0 >B25G0BL 2>?@>A>< =0 2>?@>A, 254L =58725AB=> =8:><C :@><5 >A?>40, :0:85 8<5==> 87 A>1KB89 4=59 CH54H8E ?>2;5:CB 70 A>1>9 ?>B>:8 AB@040=89. "0: E>G5BAO ?@54C3040BL A2>5 1C4CI55. ">B, :B> 45;05B 1>;LH85 H038, G5< @O4>< A =8< 84CI85 4>;65= 1KBL >AB>@>65=, C3@>70, ?@5645 2A53>, 8AE>48B =5 >B 7028AB=8:>2  >=8 =8:>340 =5 ?5@5254CBAO, 0 >B A0<>9 ACI=>AB8 B0:>3> A?>A>10 ?5@5<5I5=8O 2 687=5==>< ?@>AB@0=AB25 . '@57<5@=> H8@>:> @0AAB0282H89 =>38 ?>425@305BAO :0: <8=8<C< 42C< C3@>70<: =0@CH5=85 F5;>AB=>AB8 HB0=>2 8 ?>B5@8 @02=>25A8O.  B>< A;CG05 40;L=59H55 42865=85 2>7<>6=> B>;L:> ?>A;5 >?>@K =0 75<;N, ?>@>9 4065 ?>A;5 ?045=8O. B B>3> B> 8C458, ?@5645 G5< A45;0BL H03 >AB>@>6=> AB028B =>3C =0 =>A>: ?@>25@OO ?>G2C =0 ?@>G=>ABL, 8 5A;8 MB> 2>7<>6=> A?@020 8 A;520 >B A51O 8 , 5A;8 MB> 2>7<>6=> , B> 8 70 A?8=>9 A2>59, 0 C6 ?>B>< =0 ?OB>G:C. >B>< =0 ?OB>G:C ! !B@0E>< 8 6064>9 687=8 ?@>?8B0=0 :@>2L & & "O65;>5 MB> 45;> >?0A=>5, => C6 1>;L=> E>G5BAO ?>H8@5, 0 ?>40;LH5. 0:>=K ?@8@>4K =5 B5@?OB AB@>?B82F52 8E =0@CH0NI8E. =>3>5 1K >B40;8 8C458 70 7=0=85 ?>A;54AB289 A5:AC0;L=KE 70102 =8:><C =58725AB=>3> .;8O, => =5 7=0;8 & & & & & . ;O 2A5E 8C459A:8E >1I8= @071@>A0==KE ?> >1H8@=>9 B5@@8B>@88 8<?5@88 =0ABC?8;8 AC<@0G=K5 2@5<5=0. !?@02;OBL 8C459A:85 >1@O4K, 2?@>G5<, 8 538?5BA:85 B>65, 8<?5@0B>@ 70?@5B8; , 8 1>;55 B>3> , 2A5E <>;>4KE 8C4552 70AB028; ?@>E>48BL 2>5==CN A;C61C 2 !0@48=88, ?@>28=F88 A> A<5@B>=>A=K< :;8<0B><. @8=O2 @5H5=85, "815@89 ?>72>;8; A515 ?@540BLAO @0AAC645=8O< > =5?>=OB=>9 ?0AA82=>AB8 @8<;O= ?5@54 =5:>B>@K<8 87 1>65AB2, ?>:>@5==KE =0@>4>2 . >G5<C 8< A>7402H89 B0:>5 25;8G5AB25==>5 3>AC40@AB2> =5 A<>3 A>740BL AB>;L 25;8G5AB25==KE 1>3>2 ? B> B0:0O MB0 A840 >4=0 87 <=>38E 538?5BA:8E 1>38=L, 40;5:> =5 A0<0O <>3CI5AB25==0O, 0 2>B AB0;0 65, ?>60;C9, A0<>9 ?>G8B05<>9 =5 B>;L:> =0 B5@@8B>@88 8<?5@88, => 8 70 55 ?@545;0<8.  8C458 A> A2>8< >3><, ?@5B5=4CNI8< =0 >A>1CN 8A:;NG8B5;L=>ABL . 5A><=5==>, A8;0 1>30 =5 B>;L:> 2 ?@>?>254=8:0E =5ACI8E 25@C 2 =53>. 87=L B@51>20;0 48:B0BC@K 548=>3> >30 . 5 7=0; "815@89 > B><, GB> ?> ?@>H5AB288 =5<=>38< 1>;55 >48==04F0B8 ;5B ?>A;5 2KH5 >?8A0==KE A>1KB89 4CE>2=> @>48BAO =>2K9 ?@>@>:, A>7402H89 CG5=85, 70 :>B>@>5 :0: 70 A>;><8=:C CE20B8BAO CB>?0NI0O 8<?5@8O. > 1C45B ?>74=>& .. 540;5:> >B 15@530 5@B2>3> <>@O, 2>7;5 2E>40 2 >4=C 87 <=>65AB20 ?5I5@>:, ?B8GL8<8 3=5740<8 >1;5?82H8E ?>;>389 A:;>= 2KA>:>9 3>@K ?>GB5==K9 @0228 ?@>I0;AO A <C6G8=>9 ;5B B@84F0B8. !;CH0NI89 =0AB02;5=8O, 1K; A@54=53> @>AB0 ?;>B=>3>, => 40;5:> =5 ?>;=>3> B5;>A;>65=8O, B>=:85, => A8;L=K5 :8AB8 @C: 53> 1K;8 ?@860BK : 3@C48. >;>AK 53> 1K;8 0::C@0B=> ?>4AB@865=K, ;>1 ?5@5A5:0;8 B@8 O@:> 2K@065==K5 3>@87>=B0;L=K5 <>@I8=K, 0 ?> 8E :@0O< 284=5;8AL <=>385 1>;55 <5;:85; 3>;C1K5 3;070 ?@82;5:0;8 273;O4 A2>59 =5>1KG=>9 O@:>ABLN =0 D>=5 A8;L=> 703>@5;>9 :>68, A0<> 65 ;8F> @0A?>;030;> : A515, :0:>9 B> >A>1>9 4>1@>65;0B5;L=>ABLN . 0228 2>7;>68; ;04>=8 =0 ?;5G8 8ACA0: ,,/ 1K =0720; B51O @515=:>< A2>8<, 5A;8 2A5 <K =5 1K;8 45BL<8 >A?>40. 52OBL <5AOF52 2K=0H820;0 B5;> B2>5 0@8O, O 65 B@84F0BL ;5B 2K=0H820; @07C< B2>9. ! A0<>3> @>645=8O A2>53> BK 845HL ?> 4>@>35 ?@54A:070==>9 ?@>@>:0<8. > A53>4=OH=53> 4=O <>3 70B5@OBLAO BK 2 ?0<OB8 ;N4A:>9. !53>4=O 65 ?@8H;> 2@5<O A:070BL > A515. 5 A:@>N, 40 8 A0<, 7=05HL BK, 1K;> 25;8:>5 <=>65AB2> , =5 <5=55 4>AB>9=KE, G5< BK, => =8 >48= 87 =8E =5 1K; 871@0==K< >A?>4><, =8 >48= 87 =8E =5 1K; B5<, :>3> 640;8. >340 O 1K; <>;>4 , B> A>60;5; > B><, GB> =5B CG8B5;O :>B>@>3> 8I5B <>9 @07C<. @>H;> 2@5<O, 8 ?>=O; O : =5 B0: AB@0H=> =5 8<5BL =0AB02=8:0, =52K=>A8<> =5 8<5BL 4>AB>9=KE CG5=8:>2. 0A 42>5 C <5=O A@548 <=>38E =07K205<KE B0:65, => B>;L:> 2K H;8 ?> ?@O<><C ?CB8 : =07=0G5=8N >A?>40, =5 1K;8 2K CG5=8:0<8 <5@B2KE 1C:2 >4=>3> 87 <=>65AB20 CG5=89, 0, ?>7=02 <=>385 87 =8E, 2>72KA8;8AL =04 =8<8 8 H;8 4>@>3>9 A2>59, 4>@>3>9 ?>7=0=8O 8AB8=K 70:>=>2 1>6L8E. 'B> 5ABL 7=0=8O 4;O ?>A2OI5==KE ? A53> ;8HL 25@H8=0 4;O ?>;5B0 A>1AB25==>9 <KA;8, => =5 :@KH0 A>7=0=8O 53>, ?><=8 > B><. 5B =8G53> 2KH5 8AB8=K - MB> 8 5ABL ?@O<>9 ?CBL ?>7=0=8O. !:>?8I5 , AG8B0NI8E A51O @07C<=K<8 8A?>;L7CNB @07C< A2>9 B>;L:> 4;O ?>B@51=>AB59 GC2AB2, 2;045NI8E 8<8 8 =5B 25;8:>9 @07=8FK <564C B5<, 345 >18B0NB MB8 A:>B>;N48 2 E868=0E 8;8 2> 42>@F0E, 2A5 >=8 ?@>7O10NB 2> <@0:5 701;C645=89. @845B 2@5<O G5;>25:C C7=0BL 8AB8=C, A59G0A 409 >2F0< 701;C4H8< 25@C 2 8AB8=C. =0=8O 40NBAO ?> A>7=0=8N, =5 ?8B09 A51O 701;C645=8O<8, >15@5309 8E >B 7=0=89 =5?>A8;L=KE 4;O =8E ,@07C< @515=:0 8A:0;5G8B 8AB8=C, =5;L7O A>AC=:0 :>@<8BL <0F>9. 5@>9 6825B G5;>25:, => =5 @07C<>< ; B>;L:> >=0 ?C305B A<5;KE, ?><>305B B@CA;82><C A45;0BL B@C4=K9 H03; >=0 4>ABC?=0 8 4;O 3;C?F>2; >=0 A45@68B @07C<=KE 3>@45F>2. #:@5?8 25@C =0@>40 A2>53>, >1@0B8 4CH8 8E : >A?>4C, >B=8<8 2;0ABL =04 4CH0<8 ;N4A:8<8 C B5E, :B> 8A?>;L7C5B 25@C 4;O C4>2;5B2>@5=8O A0B0=8=A:8E ?>B@51=>AB59. 8AFK, ?5@5?8AK20NI85 A2OI5==K5 :=838 A25@ONB :>;8G5AB2> =0?8A0==KE 1C:2, => @0725 MB8< >?@545;O5BAO ?@825@65==>ABL >A?>4C ? 8ACA, :>340 1C45HL 2 A8;0E 40209 ;N4O< GC4> - >=> ?8B05B 25@C. A5 GB> =54>ABC?=> @07C<C G5;>25G5A:><C 5ABL 4;O G5;>25:>2 GC4>, 0 7=0G8B 1C4L @07C<>< 2KH5 8 ?@87=0= 1C45HL GC4>B2>@F5<. AO:89 , :B> 2>72KH05BAO =04 B>;?>9 , 2K7K205B 8=B5@5A. "0:8E, ;81> @C30NB A;>20<8 ?>A;54=8<8, ;81> ?>:;>=ONBAO 8< 157>BG5B=>. >1@K5 2A5340 3>B>2K ?@8=OBL 2KAH53> 8 4>AB>9=>3>, 7;K5 A>?@>B82;ONBAO B><C, 81> =5 <>3CB >=8 4>?CAB8BL @O4>< A A>1>9 2KAH8E 8 B>;L:> AB@0E A45@68B 8E. "K =045640 <>O. A;8 1K B>;L:> <>O, => 8 2A53> =0@>40 8C459A:>3>. 48 24>;L >@40=0 2AB@5B8HL 1@0B0 A2>53> >=0 , ?@>720==>3> @5AB8B5;5< - >= 2>725I05B ?@8E>4 B2>9. - 0228 , :0: C7=05B >= <5=O? - ABL 25@=0O ?@8<5B0, 8 >=, BK  <>8 CG5=8:8. !:068 <=5, 3>B>2 ;8 BK ?@>9B8 ?> ?CB8 , >1>7=0G5==><C ?@>@>:0<8? 8ACA <>;G0 >?CAB8; 3>;>2C. - 48 65, 40 ?><>65B B515 >A?>4L ! 0 15@53C >@40=0 ,2 <5AB5 2A5340 <=>3>;N4=>< , B0: :0: B0< ;N48 ?5@5?@02;O;8AL G5@57 @5:C , A@548 AB>;?82H8EAO 8C4552 =5:>B>@K5, 87 :>B>@KE 1K;8 ?>;C@0745BK, ?@>?>254>20; 2KA>:89 EC4>9 <C6G8=0, 2K3;O452H89 =0<=>3> AB0@H5 A2>8E B@84F0B8 A =51>;LH8< ;5B. A5 2 =5< 1K;> =5>1KG=>: 8 :>A<0B0O :>?=0 2>;>A, ?@>=87K20NI89 273;O4, >45640 A>AB>OI0O 87 3@C1>9 @C10H:8 8 H8@>:>3> :>60=>3> @5<=O. >;>A 53> 1K; ACE8< 8 B25@4K<, @5G8 15A?>I04=K<8 . 5>1KG=K<8 1K;8 A;>20 53>, :070;>AL =5 ?@8BO3820; >= 8<8, 0 >BB0;:820; .5 ;0A:0; , 0 18;. 01;C4H85 8C458 , :0: 702>@>65==K5 A;CH0;8 53>, 8 BO=C;8AL : =5<C 4CH0<8 ,:0: I5?:8 2 2>4>2>@>B. ,, B@>4L5 7<58=>5, 2K@>4:8 G5;>25G5A:85, :B> ?@54C?@548; 20A, GB>1K 1560;8 2K >B 3=520 >6L53>? >:068B5, GB> 2K 459AB28B5;L=> @0A:0O;8AL 8 =5 4C<09B5, GB> ?5@54 ;8F>< >A?>40 1C45B 4>AB0B>G=> A:070BL: ,,0H >B5F 2@00<,, 8 >?@0240BLAO, :0: 2K 2A5340 45;0;8 MB>. 20 BKAOG5;5B8O ?@>H;> A> 2@5<5=8 20H53> A>3;0H5=8O A >A?>4>< , 8 =5 =0<=>3> 65 2K 87<5=8;8AL A B>9 ?>@K. 0=LH5 3@5H8;8 2K =5 7=0O 70:>=0, A59G0A 3@5H8B5, 7=0O 53>, 8 :0: A28=L8 ?@8A?>A>18;8AL : 3@O78 8 4>2>;L=K5 A>1>9 E@N:05B5, 157 3@5E0 8 G0A0 ?@>68BL =5A?>A>1=K5. !5@4F0<8 20H8<8 2;0455B A0B0=0. B> B0:>9 A0B0=0 ? 4=8 3>2>@OB , GB> 2@03 >A?>40, 5ABL 8 B0:85 :B> 3>2>@8B :,,= 53> 4@C3.,, 5B, =5 8AB8=0 MB>. !0B0=0 5ABL @01 >A?>40 8 :0: 2AO:89 @01 <5GB05B >= > A2>1>45 8 AB>8B E>7O8=C 53>, >A;01=CBL 2K@K205BAO >= 8 B2>@8B 2A5 GB> 2>765;05B . > =5 AB0BL 5<C 2KH5 3>A?>48=0 A2>53>, B0: :0: >= A>740; <C4@>ABL, ?>7=02HCN 2A5, GB> 5ABL. 5 <>6=> C40@8BL, =5;L7O ?>1548BL. #4>2;5B2>@OO A2>8 GC2AB20 , =0?>;=O5<AO AG0ABL5<. "0: 7=0G8B AG0ABL5 C3>4=> A0B0=5? 0, >B25G0N 20<, 81> AG0AB;82K9 8 =5AG0AB=><C =5 A>AB@0405B, 701K205B > 3>@5ABOE 1;86=53> A2>53>. ><=8B5 5A;8 A53>4=O E>@>H> 20< , B> 702B@0 20A =5?@5<5==> ?>3;>B8B ;028=0 154 8 AB@040=89 8 1C48B5 2K ?@>BO3820BL @C:8, 27K20O > ?><>I8, 0 AKBK5 8 C40G;82K5 A:06CB: ,,K A0<8 ?>28==K 2 1540E A2>8E,,.  1C4CB B0: 701;C640BLAO >=8 , ?>:0 24@C3 A0<8 =5 AB0=CB =5AG0AB=K<8. BB5A=82 ?;5G>< 2?5@548 AB>O2H8E 8 =0 E>4C >4520OAL : >0==C, ?>H5; @0AA5@65==K9 AB0@8:: ,,!:068 <=5 :B> BK B0:>9, GB>1K @C30BL =0A. >A<>B@8B5 =0 =53> , ?@02>25@=K5 8C458, >= 25@=> 4C<05B, GB> 4>AB0B>G=> =>A8BL >4564C 87 25@1;N6L59 H5@AB8, ?8B0BLAO :>;NG:0<8 8 48:8< <54><, GB>1K 157=0:070==> @C30BL =0A. / =5 7=0N 2A5E B5E, :B> AB>8B A> <=>9 @O4><, O 3>2>@N 70 A51O. =5 A5<L45AOB 420 3>40 8 2A5340 O 25; ?@0254=K9 >1@07 687=8, =8:>340 =5 C?>4>1;O;AO 3@5H=8:0< 8 =525@=K<, B0: 70 GB> 65 <5=O BK @C305HL? >G5<C 65 4>;65= O :@5AB8BLAO =0@02=5 A B5<8 , :B> ?@8H5; 2 =0HC 25@C 2?5@2K5 ?,, >0== 640; MB>3> C?@5:0. ,,>2>@N B515 : O 7=0N 20A 8 B51O 8 2A5E B5E, :B> @O4>< A B>1>9, 8 ?>B><C 3>2>@N - 2A5 2K 25;8:85 3@5H=8:8. !?@0H8205B5 2K ,, 0725 28=>20BK <K 1>;55 4@C38E ,GB>1K =5AB8 =0:070=85. !2>5 157@0AAC4AB2> >?@024K205B5 157C<85< A515 ?>4>1=KE , ?@OG0AL >B >A?>40 70 A?8=K A515 ?>4>1=KE 8 3>@48B5AL A>1AB25==>9 G8AB>B>9. 8:B> =5 1C45B =570<5G5= 8< 8 2>740BLAO :064><C 3>@45FC. >@4K=O 5ABL <0BL 2A5E 3@5E>2, 3>2>@8B5 2K :,,K 871@0=K >3><. ,, A?><=8B5, :0:8<8 1K;8 ?@54:8 =0H8, :>340 >1@0B8;AO : =8< >A?>4L. =8 1K;8 @010<8 2 75<;5 538?5BA:>9, C<8@02H8<8 >B =5?>A8;L=>9 @01>BK =0 A1>@5 B@>AB=8:0 ; 1K;8 >=8 =865 75<;8, 3@O7=55 3@O78. '5< 65 ?@82;5:;8 >=8 >A?>40? AB8=0 =5A><=5==0O: >1@0B8;AO >= : =0< =5 :0: : 25;8:8<, 0 :0: : A0<K< <5@7:8<! & & & & & & & & .. 0AA:06C 20< >4=C ?@8BGC ?@>8AE>482HCN =5 >4=064K. 0:-B> @07 A5@4>1>;L=0O 65=0 A0<0@8BO=8=0 !8<>=0 ?@825;0 2 4>< <0;LG8:0 8 452>G:C. !:070;0 >=0 <C6C: ,,>A<>B@8 =0 MB8E A8@>B, :0:85 >=8 60;:85, =5 =0H;>AL 2> 2A59 75<;5 8C459A:>9 ?@8NB0 4;O =8E, @07@5H8 8< >AB0BLAO C =0A.,, =>3> ;5B 40< 8 20 68;8 2 4><5 4>1@>3> A0<0@8BO=8=0, 8 1K; >= 4;O =8E @05< 75<=K<. ">;L:> =5 1K205B 8 2 @0N 157>1;0G=> 8 ?@8H;8 : =8< 8A?KB0=8O - =0ABC?8;> 2@5<O, :>340 >A:C45;8 8AB>G=8:8 4>E>4>2 =0?>;=ONI85 687=LN B>B 4><. !K= !8<>=0 >128=8; 40<0, B0: :0: >= : B><C 2@5<5=8 25; <=>385 45;0 2 8E A5<L5. 0:>9 2K1>@ 1K; ?5@54 40<><? = <>3 A<8@8BLAO 8 2K=5AB8 >184K , ?@54>AB0282 2@5<5=8 @0AAC48BL =0A:>;L:> >=8 A?@0254;82K. K; 8 8=>9 ?CBL : <>;G0 C9B8 87 4><0, 345 >1845;8 53>; => =5 E>B5; >= MB>3>, B0: :0: AG8B0; C65 <=>3>5 2 4><5 B>< A2>8< . 40< ?>ABC?8; B0: : ?@8H5; >= : !8<>=C 8, =5 A45@6820O >184K A2>8 ?>2540; >1 C?@5:0E CA;KH0==KE >B 53> AK=0, 0 B0: 65 A:070;, GB> AK= 53> 28=>25= 2> <=>3>< , A45;02 1>;LH85 4>;38 , 0 B0: 65 65=0, =5 C<5NI0O @07C<=> 25AB8 E>7O9AB2>. >;G0 2KA;CH0; 40<0 <C4@K9 !8<>= . !<>B@5; 8 A;57K ;8;8AL 87 3;07 53>, 8 B>;L:> CA?>:>82H8AL , >= >B25B8;: ,,"K A45;0; A2>9 2K1>@ ,40<, BK 2K1@0; 3>@4K=N, 0 =5 A<8@5=85, 7;> ?@54?>G5; 4>1@C. 'B> =>2>3> O CA;KH0;? 0725 =5 7=0N O, GB> AK= <>9 ?@>2>48B 687=L A2>N 2 @0A?CBAB25 , MB> <=>3>;5B=OO 1>;L <>O. ;>E>9 ;8 >=, E>@>H89 ;8, => MB> <>9 AK= . 5=0 <>O 459AB28B5;L=> =5 A0<0O @0G8B5;L=0O E>7O9:0, 8 O =5 B0: 3;C?, GB>1K =5 2845BL B>3>. 0 , B>;L:> 1C4L >=0 E>@>H59 E>7O9:>9 =5 ?@825;0 1K >=0 2 <>9 4>< <=>3> ;5B B><C =0704 <0;LG8:0 8 452>G:C, =5 ?><=OI8E @>48B5;59 A2>8E, 3@O7=KE >1>@20==KE 8 3>;>4=KE. %>G5HL, 40< ?>4AG8B05<, 2> A:>;L:> 2K <=5 >1>H;8AL? 8G53> =>2>3> O =5 C7=0;, 0 2>B =0 A5@4F5 <>5< AB0;> 5I5 1>;L=55, & & ..8 5I5 B51O O C2845; A53>4=O . 1840 702;045;0 A5@4F5< B2>8< , 8 =5 ?>4C<0; BK, GB> ?@8G8=O5HL =5AB5@?8<CN 1>;L <=5. #E>48 87 4><0 <>53>, 68;8 <K 4> 20A 8 157 20A ?@>6825<. >B ?@8<5@ 20< B>3>, :0: ?>?0405B G5;>25: ?>4 2;0ABL 3>@4K=8 8 :0: A55B 7;> 2> 8<O 55 8 4065 =5 ?>4>7@5205B > B><, G5< <>65B 4;O =53> 65 >=0 >15@=CBLAO. ,, #AB02H89 ?@>@>: A?CAB8;AO : A0<>9 :@><:5 @5:8, =0:;>=8;AO : =59, 8 =01@0; 2 65AB:85 ;04>=8 , ?0;LFK :>B>@KE ?>E>48;8 =0 25B:8 AB0@>3> 157687=5==>3> 45@520, 2>4K, 8 >A2568; 8AA>EH55 3>@;>, ?>A;5 G53> >125; 273;O4>< :@5I5==KE . 40;8 >B 2A5E >= 70<5B8; <C6G8=, AB>O2H8E =0 =51>;LH>< 2>72KH5=88 8 2=8<0B5;L=> =01;N402H8E 70 ?@>8AE>4OI8< 8 GB>-B> >1AC6402H8E <564C A>1>9. 8ACA C:070; 2 AB>@>=C >0==0 @5AB8B5;O 8 A:070; AB>OI5<C @O4>< A =8< <C6G8=5 ;5B 4204F0B8 ?OB8: - >B >=, MB>, :>=5G=> 65, >=, A =53> =0G=5BAO =0H0 4>@>30. = 4>2>;L=> A8;L=> ?>E>6 =0 B51O, BK 2848HL MB>? - = 65 70@>A ?>4>1=> 725@N. - E, 0BD59, 0BD59, @0725 MB> B0: 206=>, O 254L 3>2>@N A>2A5< >1 8=><. 'B> 4C<05HL BK > ?@>?>2548 MB>3> ?@>@>:0? - = =5 ;N18B =0A, =8:>3> 87 B5E, GB> ?@8H;8 : =5<C A =04564>9. >G5<C >= 3>2>@8B 8< B0:85 3@C1K5 A;>20? 0G5< B0: 65AB>: A =8<8 ? 5 ;N18B >= =0A? 5 ;N18B! - 5 B>@>?8AL, =5 >AC6409, =5 ?>4C<02 . - 0228, BK A>25BC5HL =5 >AC640BL MB>3> G5;>25:0, 0 @0725 =5 AC48B >=. - 5 3>@OG8AL 0BD59, BK AC48HL A5@4F5<, 0 >= AC48B @07C<><  <564C =8<8 @0AAB>O=85 ?> 8<5=8 7@5;>ABL. >4C<09 8 A:068 <=5, 0BD59, GB> 2 ?@>8AH54H5< C2845; BK =5>1KG=>3>? - / C2845;& . >60;C9, AB@0==>, GB> 8C459 3>2>@8B 8C45O< A;>20, :>B>@K5 ?@82K:;8 A;KH0BL <K >B 2@03>2 =0H8E. - >B =04 MB8< 8 ?>4C<09 , 4>@>3>9 <>8 0BD59, 8ACA >1=O; CG5=8:0 70 ?;5G8,  > 2A5<, GB>1K =5 ?@>8AE>48;>, >1@0I09 A2>8 27>@, ?@5645 2A53>, =0 2A5 2KE>4OI55 70 @0<:8 >1K45==>3>, 81> 2 =5>1KG=>< 8 :@>5BAO A5:@5B ?>7=0=8O. -  G5< 65 8AB8=0 2 40==>< A;CG05? -  2 B><, GB> ;N18B >= 8E 1>;LH5 687=8 A2>59, 40 8 =5 B>;L:> 8E >4=8E, 0 8 2A5E G5;>25:>2 , 8 ?>B><C ?@024C 8< A:070BL =5 1>8BAO , 254L B>;L:> >A>7=02, B> :0:>9 BK 5ABL 2 459AB28B5;L=>AB8, <>6=> ?>=OBL :0:8< A;54C5B 1KBL. - @>AB8, @0228, ?5@51820N B51O. -B8 ;N48 84CB : =0<, 8 4C<0N 8 =0<5@5=8O C =8E =5 4>1@K5.  8ACAC 8 0BD5N ?@81;860;8AL 84CI85 A:>@K< H03>< ;N48, 3>B>2K5 2>B-2>B 2 A;CG05 =5>1E>48<>AB8 ?>1560BL, G5;>25: ?OB=04F0BL, =5:>B>@K5 87 =8E A68<0;8 2 @C:0E ?0;:8 8;8 :0<=8. =8 >AB0=>28;8AL 2 =5A:>;L:8E H030E >B =8E 8, ?5@51820O 4@C3 4@C30 AB0;8 :@8G0BL: ,,B> 2K B0:85? K E>B8B5 >1845BL @5AB8B5;O? K =5 4048< 20< 53>. @>@>: A:070;, GB>1K 2K ?>4>H;8 : =5<C.,, 8ACA ;52>9 @C:>9 AB8A=C; 70?OABL5 ?@02>9 @C:8 0BD5O, 40 B0: A8;L=>, GB> 1>;L 70AB028;0 2A?K;LG82>3> CG5=8:0 701KBL > A2>9AB25==>< 5<C AB@5<;5=88 A>?@>B82;OBLAO , :0:><C-B> 1K =8 1K;> ?@>O2;5=8N >3@0=8G5=8O 53> A2>1>4K. 070@8BO=8= ?@8;>68; ;04>=8 : 3@C48 8, C;K10OAL, >1@0B8;AO : =8<: ,,N48, O 8ACA 87 070@5B0, 0 MB> <>9 CG5=8: >A8D. 5 =04> =0A 25AB8, <K A0<8 845< : >0==C, ?@>720==><C @5AB8B5;5<. 0G5< B0I8BL =0A A8;>9 : B><C : :><C 845< <K 2>B C65 1>;LH5 <5AOF0.,, "0:>5 >1@0I5=85 =5A:>;L:> CA?>:>8;> :@8:C=>2, E>BO :>5-:B> 87 =8E 1K; O2=> @0AAB@>5=: 2>7<>6=>ABL ?@>45<>=AB@8@>20BL A2>N ?@540==>ABL >1>605<><C ?@>@>:C, 0 7=0G8B 8 >A?>4C 8AG57;0. 0;L, :>=5G=>, 254L B0: E>B5;>AL ! =8 3@CAB=> ?;5;8AL 70 @0228 8 53> CG5=8:><, 0, ?>4>94O : ?@>@>:C, 28=>20B> >?CAB8;8 3>;>2K , 8 <>;G0;8, 2A5< A2>8< A<CI5==K< 284>< 3>2>@O, =5 <K 28=>20BK, GB> 2A5 B0: 15A:@>2=> ?>;CG8;>AL. 8ACA ?@825BAB2>20; ?@>@>:0: ,,(0;><, >0==,,. - (0;><. B> 2K , >B:C40 8 70G5< ?@8H;8 AN40. 8ACA >3;O=C;AO 8 @5AB8B5;L , ?>=O2 53>, A45;0; ?>25;8B5;L=K9 7=0: @C:>9 45@60I59 ?>A>E. "5, :B> 2845; 53> 2?5@2K5 8 7=0; , GCBL 1>;55 G0A0 ?>=O;8 53> 157 A;>2, >B>94O : 4@C38< :@5I5==K<. 070@5BO=8= :82=C; CG5=8:C. =8 >AB0;8AL =0548=5.  =8:B> 8E =5 A;KH0;. - "0: :B> BK?  ?@8IC@82 3;070, A?@>A8; @5AB8B5;L. - / B>B, :>3> BK 645HL. - "K =? "K 7=05HL <5=O, 0 :0: O C7=0N B51O? - 0228 A:070; , GB> MB> =5 A;>6=> : ?> >4=><C @CA;C B5:;8 =0H8 <KA;8. !?@0H8209, O >B25GC. - !?@>HC ?@> B>, GB> ?5@54 3;070<8 <>8<8. "K ?@8H5; =5 >48=, GB> 70 G5;>25: A B>1>9, :0: 7>25B >= B51O, A :5< 4CH0 53>? 8GB> =5 >AB0;>AL =5 70<5G5==K<, =8 B>, :0: 273;O4 8ACA0 =0 =5A:>;L:> <3=>25=89 >1@0B8;AO 225@E, =8 <0;59H85 >BB5=:8 8=B>=0F89 53> 3>;>A0. ,,= 7>25B <5=O @0228 8 O E>GC 2845BL 53> A2>8< CG5=8:><. <O 53> >A8D >= A1>@I8: =0;>3>2, E>BO :0:>9 >= B5?5@L A1>@I8: =0;>3>2. >B C65 =545;N :0: O 84C 24>;L 15@53>2 >@40=0, @07KA:820O B51O. 20 4=O B><C =0704 O ?@>H5; <8<> 70EC40;>3> A5;5=8O @K10:>2, 4><0 2 :>B>@KE 682CB >=8 8 4><0<8, B> =5;L7O =0720BL. 540;5:> >B B>3> A5;5=8O =0 15@53C @5:8 >:>;> AB0@KE ;>4>: O C2845; G5;>25:0, A84OI53> =0 AB2>;5 <5@B2>3> 45@520. / ?@>H5; @O4>< A =8<, => >= =5 70<5B8; <5=O.  B>340 ?>=O; O : 745AL >=, => =5B 53>. >340 ?>4>H5; O : =5<C, B> C2845; <=>3> <>=5B @0AAK?0==KE ?5@54 =8< . ,,'5;>25:, A84OI89 2 >48=>G5AB25 ?5@54 :CG59 45=53 >1KG=> 1>8BAO ?@81;865=8O ;N1>3> =57=0:><>3> 5<C G5;>25:0, 0 MB>B <KB0@L =5 B>;L:> =5 8A?C30;AO, => 8 >BACBAB2C5B 745AL. ,,- ?>4C<0; O.  B>;L:> :>340 O 2?;>B=CN ?@81;878;AO : =5<C, >= ?>4=O; 3>;>2C 8 <54;5==>, A;>2=> A>==K9 8;8 A8;L=> CAB02H89 ?@>3>2>@8;: ,,B> BK? KBL <>65B , BK E>G5HL >3@018BL <5=O. 5@8 8E, O =5 ?><5H0N B515, B>;L:> CE>48 A:>@55, <=5 E>G5BAO ?>1KBL >4=><C.,, / A@07C @0A?>7=0; 53> :>=, :0: BK C65, =025@=>5, CA?5; 70<5B8BL, 87 B5E, GB> >B:@KBK A> 2A5E AB>@>=. >A<>B@52 =0 B5;> 53>, 0 ?>B>< =0 <>@I8=K ;8F0 O C2845; A5@4F5 AB@5<OI55AO : A2>1>45. "> ?>;>65=85, 2 :>B>@>< 70AB0; O 53>, 3>2>@8;>: 4CH0 53> 2 3;C1>:>< A<OB5=88. >;O 53> A8;L=0, 0 ?><KA;K 8 ?>ABC?:8 1;03>@>4=K. 0 8 <>3;> ;8 1KBL 8=0G5 , 254L @01>B0 <KB0@O =5 >?CAB>H05B 4CHC. 01;C48;AO >= 2 45;0E <8@A:8E, 701;C48;AO 8 ?>B5@O; A51O, 0 4CH0 53> :@8G0;0 8 =0 ?><>IL 720;0. 1@0B8;AO O : =5<C, 0 >= ?>A;5 ?5@2KE A;>2 <>8E ?>A<>B@5; =0 <5=O, :0: =0 ?>B5@O2H53> @0AAC4>:, 8 B>;L:> , :>340 ?>?KB0;AO 24C<0BLAO 2 8E A<KA;, 2 3;070E 53> ?>O28;AO 8=B5@5A :> <=5. !:070; 65 O 5<C: ,,#AB0;K9 G5;>25:, ?>B5@O; BK A51O, 8I5HL, 0 >BKA:0BL =5 <>65HL. "K 25@=> 4C<05HL, GB> 157C<5= O, B>3> B>;L:> =5 7=05HL, GB> =5 O, 0 BK =0 ?>@>35 157C<8O, B0: :0: =5 <>65HL ?>=OBL, GB> GC2AB2C5HL.,, !;><0;>AL A>7=0=85 53> ?>A;5 <>8E A;>2, 8 =5 @07C<>< >= A;CH0; <5=O, 0 A5@4F5<. / 65 ?@>4>;68;: ,, 0AA:06C B515 <KA;8 B2>8, ?> =8< 2AN 687=L B2>N. 8; BK 2 154=>AB8 8 @>48B5;8 B2>8 ?@8;>68;8 <=>3> CA8;89, GB>1K 2KCG8BL B51O. >;3> 8 <CG8B5;L=> H5; BK ?> 2K1@0==><C ?CB8 , C1530O >B 15745=56LO. @8H;> 2@5<O 8 27>1@0;AO BK =0 25@H8=C C1>38E <5GB0=89 A2>8E , AB02 A1>@I8:>< =0;>3>2. !B0BL B> BK 8< AB0;, 40 2>B B>;L:> >A<>B@52H8AL 2>:@C3 A51O, ?>GC2AB2>20; =5 @04>AB=> B515 A@548 A515 ?>4>1=KE. CG8;AO BK 2>?@>A0<8: ,,>G5<C =5B @04>AB8 >B B>3> : G5<C AB@5<8;AO 2AN 687=L?  5A;8 =5B @04>AB8, B> AB@5<8;AO O : ;>6=><C , =5 =C6=><C 4;O A51O? > 8=K5, 4>AB83=C2 B>3> 65 @04CNBAO , 8 B0< 345 1>;L 4;O <5=O 4;O =8E AG0ABL5. >G5<C <>3CB >=8 7018@0BL ?>A;54=55, 0 B0:65 >1<0=K20O 1@0BL =0 <=>3> 1>;LH5 A <0;>8<CI8E, B5E, :B> >BG0O==> 1>@5BAO A =8I5B>9, 8 ?@8 2A5< MB>< >=8 =5 AB@040NB >=8 ? 845; BK, GB> 1C4L BK 4@C38<, B>340 8 68BL AB0;> 1K B515 ;53G5. >?@>1>20; BK 87<5=8BL A51O, 40 B>;L:> =8G53> 87 MB>3> =5 ?>;CG8;>AL, 0 87<5=8BL B>, GB> 2>:@C3 B51O =5 2 A8;0E BK, >AB020OAL B5<, :B> BK 5ABL A59G0A. 0 :0<=5 F25B>: =5 2K@0AB5B, =5 B0< 8I5HL AG0ABL5 A2>5. 5 87 B5E =87<5==KE BK 4;O :>3> AKB>5 B5;> 25@H8=0 1;065=AB20, 4CE>2=>5 4;O B51O 2KH5 B5;5A=>3>, >1@0B8AL : >A?>4C, 1@>AL ?>7>@=>5 70=OB85 A2>5, ?>945< 8 1C45< ?@>@>G5AB2>20BL, =5 1>9AO 8 =5 A><=5209AO, O =0CGC B51O <=>3><C =58725AB=><C. 5 ?@8:0A09AO : 45=L30< MB8<, A8<2>;C 3@O78, A@548 :>B>@>9 BK 68;,,. >@078;AO >= MB8< A;>20< , 2AB0; 8 ?>H5; 70 <=>9 .,,& & . ?CAB8;AO @5AB8B5;L =0 :>;5=8 ?5@54 8ACA><: ,, @>AB8 <5=O, O <CG8; A><=5=8O<8 871@0==>3> >A?>4><.,, 8ACA 65 >B25; @C:C >B ACE8E 3C1 ?@>@>:0, ?>4=O; 53> A :>;5=, >1=O; 8 A:070; 5<C: ,,>0== O @04, 254L =5 B>;L:> ?> :@>28 1;87>: BK <=5, 4CE B2>9 <>9 4CE. "K 1C45HL :@5AB8BL <5=O.,, >0== >BH0B=C;AO >B =53> , @CE=C; =0 :>;5=8 8, ?>4=O2 3>;>2C, >1@0B8;AO : 871@0==><C: ,,/ 4>;65= :@5AB8BLAO C "51O, B0: ?>G5<C 65 "K ?@8H5; :> <=5?,, 5 ?@82K: 5I5 ?;>B=8: , AK= ?;>B=8:0 87 070@5B0 : ?>4>1=><C ?>G8B0=8N: ,,AB0=L ,@5AB8B5;L, O 1K :@5AB8; B51O :0: 2KAH89 =87H53> 8 :0: 2KAH89 <=>3>5 =5 <>3C A:070BL =87H5<C, A:06C B>;L:>: ?>;>65=> =0< 2K?>;=8BL 2A5 :0: ?@54A:070=>. >725AB8 =0@>4C > <>5< ?@8H5AB288 8 :@5AB8 <5=O.,, >0== ?>4=O;AO A :>;5= 8, >15@=C2H8AL : AB>;?82H8<AO =5240;5:5 ;N4O< ?>4=O; >15 @C:8 225@E : ,,!;CH09B5 <5=O ,8C458, 2>B >=, B>B > :>< 3>2>@8; O, 2>B >= %@8AB>A!,, 0@>4 70B8E, >A<KA;820O ?@>H54H55 , ?>A;5 G53> >0== CA;KH0; A>25@H5==> =5>6840==K9 2>?@>A: ,,B> 87 =8E %@8AB>A?,, 0: :B> ? 'CBL 1K;> =5 2A?K;8; ?@>@>: 8 B>;L:> >15@=C2H8AL, C2845; 70 A2>59 A?8=>9 8ACA0 8 =5 :> 2@5<5=8 ?>4>H54H53> : =5<C 0BD5O. ,, 459AB28B5;L=>, >B:C40 65 8< 7=0BL, :B> 5ABL %@8AB>A?,,  ?>4C<0; >0== 8 C65 45<>=AB@0B82=> >?CAB8;AO =0 :>;5=8 ?5@54 AK=>< ?;>B=8:0 8 ?@8?0; 3C10<8 : ?@>BO=CB>9 @C:5. ! CB@0 C !0@K =5 1K;> E>@>H53> =0AB@>5=8O, :0: B>;L:> >B:@K;0 >=0 3;070 >=0 =5=02845;0 2A5 8 2A5E .  B0:85 4=8 2A5<C 682><C ;CGH5 1K;> 1K C<5@5BL, B0: :0: 5A;8 ?@8:;NG8BAO A =8<8 1540 , 70F5?8B 8E 273;O4>< A20@;820O AB0@CE0, =5 68;LFK >=8 =0 MB>< A25B5, A<5@BL 8E 1C45B @0ABO=CB>9 2> 2@5<5=8, 0 ?>B><C >A>15==> <CG8B5;L=>9. >;3> >=8 =5 2K45@6820NB 8 =0G8=0NB C<>;OBL 55: 8;8 70<>;G8, 8;8 C159 A@07C. >;55 2A5E >B =5A=>A=>3> E0@0:B5@0 AB@040;8 A0<K5 1;87:85 8, ?@5645 2A53> 55 <C6 , :0<5=I8: 1@0<. >B C6 GL5 B5@?5=85 4>AB>9=> C2065=8O, =5 70<5G0;, =5 >1860;AO, A>3;0H0;AO, 28=O A51O, ?@>I0;& .:>340 1K; B@572K9. LO=K< 65 2A?><8=0; 2A5, GB> B@572K< >B:;04K20; 2 :>?8;:C >184. C4L !0@0 =5<=>3> ?>C<=59, 2?@>G5<, ?>C<=59 MB> C6 A;8H:>< 4;O B0:8E :0: >=0, 1K;0 1K >=0 =5<=>3> ?>E8B@55, 7=0;0 1K , :>340 <>6=> 3>2>@8BL, 0 :>340 A;54C5B <>;G0BL , 1K;0 1K F5;55. 'C2AB2> <5@K =8:>340 =5 ?@8ACBAB2>20;> C =55, >=0 @53C;O@=> ?>E20;O;0AL ?5@54 A>A54O<8 ?LO=8F59 <C65< .  =04> A:070BL B0:85 A5<59=K5 >B=>H5=8O CAB@0820;8 !0@C; ?@>B@5725;K9 <C6 2A?><8=0; > >35 8 :;O;AO, GB> 1>;LH5 =8:>340 B0:>3> =5 ?>2B>@8BAO, 0 >=0 B> , :0: MB> =5 C4828B5;L=> , 701K20;0 ?@> A25685 A8=O:8 8 C?820;0AL 1573@0=8G=>9 2;0ABLN =04 @0A:0820NI8<AO <C65< .>4A:0:820;0 8 B@OA;0 ACE>=L:8< :C;0G:>< C =53> ?>4 =>A><. @>E>48; 45=L 4@C3>9 8 157@>?>B=K9 1@0< C65 =5 8728=O;AO, 0 B>;L:> <>;G0; 8 ?@8 ?5@2>< 65 C4>1=K< A;CG05 ?KB0;AO, >B;CG8BAO 87 4><0.  B0:>< <8@5 , @07MB0:>9 ;N128 8 ?>4>188 A>3;0A8O ?@>68;8 >=8 <=>385 3>4K . !0@0 =5 E>48;0, 0 <5B0;0AL ?> 4><C, =5 1@0;0, 0 E20B0;0, =5 :;0;0, 0 1@>A0;0. ,,5B 68BL B0: =52>7<>6=>, A MB8< =54>C<:>< =8:>340 =5 706825HL, :0: ;N48& & .,,  2>@G0;0 AB0@CE0. N48 68;8 ?>-@07=><C, 55 65 1>;L=K5 3;070 70<5G0;8 B>;L:> B5E, :B> 6825B ;CGH5 8E, ;CGH5 ,2 55 ?>=8<0=88 7=0G8B, 1>30G5 ; 0 B0:8<8 AG0AB;82K<8 2>:@C3 =55 1K;8 2A5, 254L <C6 59 1K; :0<5=I8:><. !B0@8: 65 BO=C; 55 >B 75<;8 : =515A0<: ,,"K GB> ,!0@0, 687=L ?@>H;0 ?>@0 8 > 4CH5 ?>4C<0BL.,, !B0@CE0 27@K20;0AL: ,,C@0:8 :0: BK 8 4C<0NB > 4CH5. 5B, B0: 68BL =5;L7O.,,  >= 1577;>1=> A<5O;AO. AN 687=L =5AG0AB=K9 1@0< ?@>68; A 1571>6=8F59. ,, >B C65 AB>;L:> ;5B BK 3>2>@8HL:,, "0: 68BL =5;L7O.,, 8 254L 6825HL 65, 7=0G8B 2A5-B0:8 <>6=>, 0 , AB0@0O 2>@GC=LO, <>6=> 8;8 =5B.,,: - O728; 1@0<. !0@0 AE20B8;0 3;8=O=K9 :C2H8= 8 ?>=5A;0AL 2> 42>@, =0 E>4C @C30O <C60 A0<K<8 >184=K<8 A;>20<8: ,,'B>1 C B51O& .,, 1@0< AB0; ?@8A;CH820BLAO, C6 1>;L=> 4>;3> =5 <>3;0 CA?>:>8BLAO AB0@CE0, >1KG=> AB>8;> B>;L:> 8AG57=CBL A 3;07 55 B><C =0 :>3> 1K; =0?@02;5= 55 3=52, >=0 <3=>25==> CA?>:0820;0AL :0: 1K >B:;04K20O =5>1E>48<CN ?> E>7O9AB2C @01>BC; 2A5< 284>< A2>8<, 45<>=AB@8@CO GB> =8G53> =5?>?@028<>3> =5 ?@>87>H;> : 2K B0< =5 >A>15==> 2A5 15A?>:>9B5AL ?>425@=CBLAO C4>1=K9 A;CG09 8 >=0 7025@H8B =0G0B>5. 7C@>4>20==K9 3>40<8 AC?@C65A:8E AB@040=89 >= 704C<0;AO: ,,>;3> @C305BAO, A;>2 =5 @07>1@0BL . 'B>-B> BCB =5 B>& ,, 5 2>H;0 E8I=>9 ?B8F59 2;5B5;0 !0@0 8 C40@8;0 1@0<0 <>;=859, 2K@202H59AO 87 3;07 55. !J568;AO AB0@8:, 5<C 1K A59G0A C<5=LH8BLAO 2 @07<5@0E, 2 =>@:C <KH:>9 C;87=CBL , 8;8 ;CGH5 B>3> A>2A5< 8AG57=CBL. =0; >= 55, B0:>9 1K205B >=0, :>340 A0<K5 <@0G=K5 55 ?@54A:070=8O >B=>A8B5;L=> 53> C<AB25==KE A?>A>1=>AB59 A1K20;8AL. >B B>;L:> :@8G0BL >=0 =5 AB0;0, 0 2 ;8F> 1@0<0 70H8?5;: ,,/ B515 4C@0:C 3>2>@8;0, =5 A2O7K209AO A MB8< :>;4C=><. "K <=5, GB> 3>2>@8;? 8:B> =5 C7=05B. 8:B> =5 C7=05B, 0 7=0NB 2A5 !,,. 1@0< 87<5=8;AO 2 ;8F5. >B B0:>3> 53> !0@0 1>O;0AL - 157 28=0 >?LO=5;: ,,"K =5 B@>309 53>! B> ?@8H5;, 3>2>@8, ?>=OB=>,,. >4>1@52H0O AB0@CE0 70B0@0B>@8;0: "B> 65 7=05B 53> : AB0;0 4>8BL, ?>4>H5; 8 A?@0H8205B: ,,45 >=?,, / B> A>>1@078;0 :,, 5 7=0N > :>< BK 3>2>@8HL,, :0: B>;L:> 5<C =5 >1JOA=O;0, 0 >=:,, =0N 8725AB=> 20<, 345 >=, =04> 53> 2845BL, O ?@8H5; 8740;5:0.,, 'B>, GB> B5?5@L 45;0BL 1C45HL? B> >= 7=05HL? >B 8 O =5 7=0N& .,, 5G5@>< B>3> 65 4=O 2 4>< :0<5=I8:0 1@0<0 2>H5; 8ACA, 0 53> ?>:0 CG5=8:, =5 ?>H5; 70 =8<, >AB0;AO C 425@59. 5640==K9 3>ABL ?@8=5A ?;>ECN 25ABL . >0== @5AB8B5;L 1K; AE20G5= ?@028B5;5< 0;8;58 @>4><, 70 B>, GB> 2 ?@>?>254OE A2>8E >1;8G0; 53> 70 ?>7>@=CN 65=8BL1C =0 65=5 1@0B0 A2>53> @>48045. ?@>G5<, 1K;0 =045640 =0 1;03>?@8OB=K9 8AE>4 MB>3> 45;0, >A=>20=8O 4C<0BL B0: 1K;8 4>2>;L=> 25A:8<8 : <564C @>4>< 8 53> C7=8:>< CAB0=>28;8AL >G5=L 1;03>?@8OB=K5 >B=>H5=8O, >=8 G0AB> 2AB@5G0NBAO 8 ?@>2>4OB <=>3> 2@5<5=8, 15A54CO, ?@>3C;820OAL ?> A04C. 4=064K, :>340 @>4 2K=C645=, 1K;, >B;CG8BAO, >0== 8 ?>?@>A8; A04>2=8:0 A>>1I8BL > 53> 0@5AB5 8ACAC, @0AA:0702, 345 53> =09B8 8 ?>>15I02 I54@>5 2>7=03@0645=85. !04>2=8: =8:C40 =5 <>3 >B;CG8BAO , 8 ?>>15I0; A45;0BL MB> G5@57 A2>53> 1@0B0 $0@5A0, 2A5340 3>B>2>3> 27OBLAO 70 ;N1>5 45;> AC;OI55 2K3>4C. = $0@5A A59G0A 8 A848B ?5@54 8ACA><. 8F> =>2>O2;5==>3> ?@>@>:0 =5 2K@078;> 3;C1>:>3> A>60;5=8O > A;CG82H5<AO, 8 =54>1@K9 25AB=8: AB0; A8;L=> A><=520BLAO 2 B>< ?>;CG8B ;8 >= >15I0==>5 5<C 2>7=03@0645=85 . 5 >AB0;>AL C 8ACA0 =8:0:8E A8; =0 2=5H=55 ?@>O2;5=8O GC2AB2 ?>3;>I02H8E 53>. = 1K; =5 B5<, GB> B@8 <5AOF0 =0704. @>H54H55 A <><5=B0 53> :@5I5=8O 2@5<O , 1K;> 2@5<5=5< 15A?@5@K2=KE 8A?KB0=89, G5@54>9 @54:8E ?>154 8 15A:>=5G=KE ?>@065=89, >B :>B>@KE AB@040;0 4CH0 8 1>;5;> B5;>. 8:>340 8ACA0 =5 18;8 B0: G0AB> :0: 2 B5 4=8 , =8:>340 B0: >AB@> >= =5 ?@54GC2AB2>20; D878G5A:>9 @0A?@02K, 40 8 =5 B>;L:> >=. K20;> 8 B0:: GB>, ?@>A=C2H8AL, 0BD59 , CB25@640;, GB> A53>4=O 8E >?OBL 1C4CB 18BL, 8ACA 65 3>2>@8;: ,,/ MB> 7=0N ,, , 8 >=8 H;8 ?@>?>254>20BL. 064K9 :0<5=L , 20;O2H89AO ?>4 =>30<8 8 ?> 25AC ?>42;0AB=K9 A8;5 G5;>25G5A:>9 , 1K; =5?@8OB5=. < ?@8E>48;>AL 2845BL A<5@BL C18205<>3> :0<=O<8 : 65@B20 ?KB05BAO A?0AB8AL >B ?@5A;54>20B5;59 153AB2>< 8 AG0ABL5 55 , 5A;8 5ABL :C40 1560BL 8 >E>B=8:8 =5 A<>3CB 703=0BL 55 2 70?04=N  ?@860BL : =5?@5>4>;8<><C ?@5?OBAB28N, :>340 65 ?CBL : 153AB2C >B:@KB ,>157C<52H0O 65@B20 ?KB05BAO C25@=CBLAO >B 3@040 :0<=59 8 >4=>2@5<5==> 1560BL , 8 B>340 @0=> 8;8 ?>74=> >48= 87 1@>H5==KE :0<=59 ?>@060; 55 2 3>;>2C 8 >=0 ?040;0, :0: ?>4:>H5==0O, =0 <3=>25=85 ?>B5@O2 A>7=0=85 , MB> <3=>25=85 8 1K;> @>:>2K< .">;L:> 1560BL =5 >3;O4K20OAL >B@K20OAL >B ?@5A;54>20B5;59  548=AB25==>5 A?0A5=85 .8ACA 8 0BD59 C1530;8, =5 >1>@0G820OAL, 2A5 A8;K A2>8, >B4020O 153C, =5 4>25@OO A>1AB25==>9 872>@>B;82>AB8 8 225@OO @5H5=85 2>?@>A0 8E 687=8 8 A<5@B8 >A?>4C. 708<=K5 >?0A=>AB8 A1;878;8 8E , >=8 AB0;8 :0: 1@0BLO: =8:>340 =5;L7O 1KBL 4> :>=F0 1KBL C25@5==K< 2 ;N128, :>340 BK 5ABL 2 A8;5 8 @04>AB8, 4>25@O9 ;N128 ?@8H54H59 2 A;01>AB8 ?5G0;8. >;>65==CN 5<C 1;03>40@=>ABL $0@5A >B 8ACA0 =5 ?>;CG8;. @>@>: 703;O=C; 5<C 2 3;070 , 8 =0AB>OB5;L=> ?>?@>A8; @0AA:070BL > G5< ?;CB>20BK9 25AB=8: C<>;G0;. $0@5A 1K; 2K=C645= @0AA:070BL 8 >1 MB>< :,,>340 O ?@>5760; G5@57 !0<0@8N, 2AB@5B8; 7=0B=>3> G5;>25:0. B> >=? 5 <>3C MB>3> A:070BL, >45B >= 1K;, :0: 3@5: 8 3>2>@8BL >= C<55B =0 <=>38E O7K:0E; 1>30B ,>G5=L 1>30B.  MB> C<55B 45;0BL , @07=K5 D>:CAK. = 3>2>@8;, GB> 7=05B 1C4CI55 8 ?@>H;>5. / AB0; A<5OBLAO . = A:070;:,, / B515 4>:06C. "K 8I5HL G5;>25:0 ?> 8<5=8 8ACA , >= =07K205B A51O %@8AB><. 5@5409 5<C <>8 A;>20: ,,064><C A2>5, @07C< =04 GC2AB20<8 ,,. 8G53> >= <=5 =5 3>2>@8; 1>;LH5 8 =5 >1JOA=O;, GB> 7=0G8B MB8 A;>20,,. 8ACA >?OBL 703;O=C; 2 70<5B02H85AO 3;070 $0@5A0 : ,,"K =5 2A5 A:070;,,. @8H;>AL A>7=0BLAO: ,,A5 8725AB=> B515 : >= 70?;0B8; <=5 70 <>8 E;>?>BK,,.,, 0: >= A:070;, ?>2B>@8.,,  ?>?@>A8; 8ACA 8 ?@>87=5A 2A;54 70 =8< :,, 064><C A2>5, @07C< =04 GC2AB20<8& .,, A5 1K;> 8<5==> B0: , :0: 8 ?>2540; $0@5A; A B@C4>< 2 B> 25@8BAO, => F0@L 0;8;58 ?@>2>48; 2@5<O 2 15A540E A C7=8:>< A2>8< >0==>< @5AB8B5;5<, ?@>3C;820OAL ?> G0@CNI5<C A04C, ?5@5?>;=5==><C A>G=K<8 ?;>40<8. AB8B5;L=0O F0@8F0 =5 CAB020;0 =0?><8=0BL <C6C > A<5@B=>9 :07=8 1>;B;82>3> ?@>@>:0. @>4 65 >B3>20@820;AO: <>;, =04> ?>4C<0BL, =5 =04> B>@>?8BLAO, 0 ?>A;5 8AB5@8G=KE B@51>20=89 G0AB> 8 2>2A5 >B<0E820;AO >B =55, :0: >B =07>9;82>3> =0A5:><>3>. 0: B>;L:> @>4 ?>;CG8; 8725AB85 >1 53> 0@5AB5 , >= 8725;AO, 4>6840OAL, :>340 65 ?@>@>:0 4>AB02OB 2 70AB5=:8 A>25@H5==> >A>1>9 BN@L<K, =0E>4OI59AO =5 240;5:5 >B F0@A:>3> 42>@F0.  =59 A>45@60;8AL B5, GLO AC4L10 2K7K20;0 , 8;8 24@C3 <>3;0 2K720BL , 708=B5@5A>20==>ABL ?@028B5;O. = =5 25;5; ?@825AB8 >0=0 ,0 A0< A?CAB8;AO ?> 25G=> AK@K<, A:>;L7:8< ABC?5=O< 8 GCBL 1K;> =5 C?0;, A45;02 2A53> ;8HL =5A:>;L:> 274>E>2, ?>A;5 G53> AC4>@>6=> 3;>B0; 2>74CE 8A?>@G5==K9 70?0E>< <=>3>;5B=8E 8A?@06=5=89. @>40 2K25;8 ?>4 @C:8 8 B>;L:> ?>A;5 35=5@0;L=>9 C1>@:8 CAB@>5==>9 ?> 53> @0A?>@O65=8N, A8;L=> =0:;>=82H8AL : :@>E>B=><C >B25@AB8N , >= AC<5; @073;O45BL 2> BL<5 :0<5@K H525;OI55AO ?OB=>. !;>20, CA;KH0==K5 @>4>< 272>;=>20;8 53>, 8 70AB028;8, C1548BAO 2 A;025 CB25@482H55AO 70 >0==>< @5AB8B5;5<. K;> 65 5I5 =5GB> 8=>5, ?@> GB> @>4 8 A:070BL B> B>;:>< =8G53> =5 <>3: >= =5 <>3 =8GB>6=K<, A;01>A8;L=K<, A:C4=K<, G5;>25G5A:8< O7K:>< ?5@540BL GC2AB20 ?>1C482H85 53> : =>2>9 2AB@5G5. 0 A;54CNI89 45=L ?@>=8F0B5;L=K9 ?;5==8: ?>@078; 53>, AC<52 =09B8 B@51C5<K5 A;>20: ,,"K A?@>A8; <5=O, ?>G5<C <K 745AL?  =5 25@8BAO B515, GB> =0 2A5 5ABL A2>9 >B25B 8 2A5 ?@>8AE>4OI55 >?@545;5=> 8 >1JOA=8<>. "K 4C<05HL, GB> =0H0 A53>4=OH=OO 15A540 2A53> ;8HL A;CG09? -B> 5ABL 3;C1>G09H55 701;C645=85, ?@>8AE>4OI55 >B >3@0=8G5==>AB8 ?>7=0=89.,, 5 A45@60==K9 @>4 B>@>?8;: ,,KBL <>65B C B51O 5ABL B0:85 ?>7=0=8O 8;8 5A;8 >=8 =5 254><K ?@>@>:0<, 7=0G8B, B>;L:> >3 >1;0405B 8<8 >= 8 A:;04K205B A;CG09=>AB8 1KB8O,,. - ">, GB> BK CA;KH8HL, 7=0NB ?@>@>:8 8AB8==K5, B5 ?@>@>:8, GB> >B >30. 5 B2>8<8 ?@8GC40<8 >?@545;8;0AL =0H0 A53>4=OH=OO 2AB@5G0. !>740B5;L A>B2>@8; ;N459 @07;8G=K<8 ?> 8E C<5=8N <KA;8BL, 5ABL A@548 =8E 2KAH55 , 5ABL =87H55 8 B5, :B> <564C =8<8. KAH8E, A@548 G53> 1K B> =8 1K;> <0;>5 G8A;>, =87H8E <=>65AB2>, A@54=8E 65 1>;LH5 G5< ?5@2KE 8 2B>@KE 2<5AB5 27OBKE. A5 >=8 8725AB=K ?@>@>:0<. "K 87 2KAH8E, A;CH09 ;8HL =5<=>3>5 > =8E. >73 B0:>3> G5;>25:0 8A?KBK205B ?>AB>O==CN ?>B@51=>ABL 2 <KH;5=88, MB> :0: ?8I0 4;O 3>;>4=>3> B5;0. 'B> 405B ?8IC 4;O @07<KH;5=8O ? >=5G=> 65, <8@ >:@C60NI89 G5;>25:0 -2A5 GB> 5ABL =>2>3> 8 =5?>7=0==>3> 2 =5<. @5<O 845B 2=5H=55 >:@C65=85 C65 =5 2>;=C5B 53>, ?>7=0; >= 53> 8 2=>2L 3>;>405B, B>340 23@K705BAO >= 2 B>, GB> =5A5B =>2K5 2?5G0B;5=8O. >340-=81C4L , :B> @0=LH5 :B> ?>765 , ?>=8<0NB >=8 , GB> =5B =8G53> =>2>3> 2A5 ?>2B>@O5BAO 8, ?@5AKB82H8AL 87CG5=85< >1K45==>3> , AB@5<OBAO ?@>=8:=CBL >=8 2 ACBL ?@>8AE>4OI53>, 8A?>;L7CO ;N1CN 2>7<>6=>ABL =0AKB8BAO, :064K9 87 =8E 8I5B CG8B5;O. 'B> 4;O =53> CG8B5;L  2:CA=59H89 45;8:0B5A, 1;N4> 87KA:0==>5. "K 87 B5E, :B> 8I5B 7=0=8O. 45 <>65HL ?>;CG8BL 8E: <=>385 :=838, 4>ABC?=K5 B515 ?@>G8B0=K, <C4@5FK ?>7=0=K, A:C:0 >4>;5205B B51O.  =0HC ?5@2CN 2AB@5GC O ?@8<0=8; B51O =04564>9 C7=0BL 5I5 =5 ?>7=0==>5, 8 BK ?>?0;AO 2 A8;:8 @0AAB02;5==K5 <=>9. - A;8 25@8BL B515 =0H0 2AB@5G0 5ABL =5 2>;O A;CG0O 8 =5 <>9 :0?@87& - 0, MB> =5 A>1KB85, @>645==>5 2 E0>A5, 0 <>9 C<KA5;. - A;8 B0:, B> BK 4>;65= 1K; 7=0BL :B> O, :0: BK A:070;, 2KAH89 8;8 :B> 8=>9. - >340 ?@8H5; BK :> <=5 O =5 2845; B51O, => 3>;>A B2>9 , 8 A;>65=85 A;>2 ?>:070;8 :0:>2 BK. - "515 B0: <0;> =04> 4;O ?>=8<0=8O ACB8, O 5I5 =5 2AB@5G0; B0:>3> G5;>25:0. 0, >0== BK =5 >1KG5=, BK 8AB8==K9 ?@>@>:, 5A;8 C<55HL 2K7K20BL A>1KB8O. #<>;: @>4, CH5; 2 A51O, ?>4:0@<;820O OG<5==K< 75@=>< 8710;>20==KE ?02;8=>2, >:@C682H8E 53>. 0A?CI5==K5 E2>ABK 2>AE8I0;8 =5 B>;L:> A2>8<8 :@0A:0<8. =8 ?>@060;8 @07<5@0<8, 2AO F5==>ABL ?02;8=0 2 E2>AB5 8 C65 =5 8725AB=> :B> 4;O :>3> E2>AB 4;O ?02;8=0 8;8 ?02;8= 4;O E2>AB0. !0<> 2>7=8:=>25=85 B0:8E <KA;59 AB028B ?>4 C3@>7C ACI5AB2>20=85 ?02;8=0, A2>1>4K >= C65 ;8H8;AO, 70 =59 <>65B, ;8H8BAO 8 687=8, :0: B>;L:> :><C-;81> 70E>G5BAO C?>4>18BLAO 5<C 8 >45BL =0 A51O 25;8:>;5?=K5 ?5@LO. ,,87=L 70 E2>AB, 687=L& 5 ?@>I5 ;8 8<5BL 1>;55 A:@><=K9 E2>AB,  H525;8; <KA;8 F0@L ,  =0NB >1 MB>< 2A5, => >B E2>AB0 =8:B> =5 >B:07K205BAO 4065 ?>@>9 ?>4 AB@0E>< A<5@B8. !:068 G5< BK 3>@48HLAO, 8 O A:06C , :0: 4>;3> B515 68BL.,, - >0==, BK 40;5:> =5 3;C?, AB>8;> ;8 B515 >AC640BL <5=O ? - 04> ;8 <=5 1K;> MB>. =>N 3>2>@8B >3, >= 25;8B GB8BL 53> 70:>=K, =5 <>3 O ?>ABC?8BL ?> 8=><C. ;O G53> 40=K G5;>25:0< >3@0=8G5=8O, 70G5< 7=0BL 5<C GB> <>6=>, 0 GB> =5;L7O, 254L 70?@5B 8AB>G=8: AB@040=89 8 =5AG0AB89. 0 B> 5ABL @07C<=K9 >B25B: 4;O B>3>, GB>1K 68BL. 4C<09AO 2 A<KA; A;>2: 5A;8 <>6=> 2A5 7=0G8B <>6=> 2A5<, 5A;8 <>6=> 2A5< 7=0G8B <>6=> 2A5. 86C, =5 ?>=O; BK <5=O, E>BO 8 ?KB05HLAO ?>:070BL ?>=8<0=85. 5@20O G0ABL CB25@645=8O =5 B0: A;>6=0 : 2A54>72>;5==>ABL >4=>3> 405B ?@8<5@ 4@C38<, @01 284OI89 @072@0B 3>A?>48=0 60645B 65=C 53>, 0 ?>G5<C 1K 8 =5B ? ABL ?@8<5@ =094CBAO 8 ?>A;54>20B5;8. !<KA; 2B>@>9 G0AB8 40==>3> 87@5G5=8O AB0=5B ?>=OB=55, 5A;8 7=0BL, GB> 3;C?> AG8B0BL ;N459 >48=0:>2K<8, 0 @07;8G8O 2845BL B>;L:> 2> 2=5H=8E ?@>O2;5=8OE ; G5;>25:8 A>740=K @07=K<8, 0 7=0G8B ?>4E>48BL A >48=0:>2K<8 70:>=0<8 :> 2A5< =5 @07C<=>. ;O :>3>-B> >= 1C45B A;8H:>< <O3>:, 4;O :>3>-B> AC@>2. 450; ;N459  A2>1>40, B> 5ABL :>340 2A5< ?>72>;5=> 2A5 , => B0:0O A2>1>40 AB@0H=0 8, ?>AG8B02 A51O ?>C<=52H8<8 , >=8 ?@84C<0;8 :0:CN-B> @07C<=CN A2>1>4C, B> 5ABL :>340 >48= G5;>25: A2>1>45= 8 =5 <5H05B 4@C38<, 40 4;O 2708<=>3> 157154=>3> ACI5AB2>20=8O 4>AB0B>G=> =5 45;0BL 4@C38< B>3> G53> =5 65;05HL ?>;CG8BL >B =8E, B>;L:> MB> =5 A2>1>40, 0 A<8@5=85 =5 157C<85, 0 <C4@>ABL. >381H8E 70 A2>1>4C 1>;LH5 G5< 682KE, => 4>2>48;>AL ;8 B515 2845BL ?@8=8<0NI8E A<5@BL 70 <C4@>ABL, 548=8FK 8E, 2A53> ;8HL 548=8FK. !B0@0;8AL ;N48 ?@84C<0BL 8450;L=K5 70:>=K @07C<=>9 A2>1>4K 8 4065 AB@>8;8 3>AC40@AB20 ?> MB8< 70:>=0<, =54>;3> >=8 ACI5AB2>20;8, A38=C;8, AB5=K B5E 3>@>4>2 @CE=C;8.  AB0;8 >=8 4C<0BL, ?>G5<C B0:, ?>G5<C 1;0385 =0<5@5=8O >15@=C;8AL 7;><, ?>G5<C >BFK AB@>8;8, 0 45B8 ;><0NB. 5 ?>=OB=0 8< 1K;0 3;C?>ABL 8E, 2A5, GB> AB@>8BAO 4>;6=> AB@>8BAO =5 2> 2=5, 0 2 G5;>25:5. >A<>B@8 =0 MB>3> ?02;8=0, 2>B A59G0A @0A?CAB8B E2>AB, @0A?CAB8;, :@0A82K9& 725AB=> ;N1><C ?0ABCEC: A>10:0 ;81> :@0A820O, ;81> C<=0O 8 =5 15@CB >=8 : A515 2 ?><>I=8:8 A>10: ?@82;5:0B5;L=KE, A@548 2=5H=8E A:@><=KE 8ICB C<=59H8E. >B B0: 8 ;N48, >48= A8O5B C<><, 4@C3>9 1;5AB8B >45640<8, 8 ?>AB02L @O4><, B>;L:> <>;G0I8<8 8E ?@8<CB 70 @02=KE; >45=L 2 >4564K =8I8E 8 ?5@5ABC?8B C<=K9 G5@57 A2>8 >4564K. / 2 >45645 87 H5@AB8 25@1;N40, BK 65 & & AB>8< <K 8 @073>20@8205< :0: @02=K5. - >0==, O 402=> ?8B0N =04564C AB0BL A2845B5;5< >4=>3> , E>BO 1K >4=>3> , 87 GC45A ?>42;0AB=KE B515. - >?@>A8HL <5=O ?>2540BL > 1C4CI5<? A;8 1K 2840;8 3;C?K5, :0: BO6:> 68BL, 7=0O 1C4CI55. "K =5 >A;KH0;AO , O =5 286C A>1KB8O 4=59 ?>A;54CNI8E . / 7=0N :0:8<8 8< 1KBL, O 7=0N 8E B0: 65 :0: <0AB5@ 7=05B :0:>5 8745;85 8 :0:>3> :0G5AB20 ?>;CG8BAO 87 B>3> 8;8 8=>3> <0B5@80;0. >B 1C4CI55 B2>5 A;CH09. B> BK 5ABL  BK 5ABL F0@L, 2KAH89 87 2;0ABL 8<CI8E . 'B> B@51C5B 2;0ABL  A>G5B0=85 A8;K 8 A28@5?>AB8 ;L20 A E8B@>ABLN ;8AK. B C<5=8O 2>2@5<O 1KBL 8;8 B5< 8;8 4@C38< 7028A8B CA?5E. B> BK? 0:>20 ACI=>ABL B2>O? 5 >18609AO =0 <5=O, => =5 ;52 BK, BK ;8A0. %8B@>ABLN BK 15@5HL, => =5 A8;>9, 0 :>340 ?@8E>48BAO B515 1KBL A8;L=K< , AB@0405HL 8 <CG05HLAO, @04C5HLAO B5<, :B> 15@5BAO 8A?>;=8BL 65AB>:>5 45;>. K=C645= BK 45@60BL ;L20 @O4>< A A>1>9, => ;52 =5 A>10:0, >G5=L ;53:> <>65B AJ5ABL E>7O8=0. "@864K >?0A=59 4;O B51O B5, :B> A?>A>15= 1KBL 8 ;L2>< 8 ;8A>9, 2<5AB5 >=8 ?>154OB ;8AC, B> 5ABL B51O. -B>B G5;>25: @O4>< A B>1>9, >= 1;87>: B515. - @>48040, 65=0 <>O, - 70:@8G0; ?>:@0A=52H89 @>4  =0? 5 <>;G8 , >0==& !!! - =0, 65=0 B2>O, @8040& 184=> B515 A;CH0BL A;>20 <>8, =5 >18609AO, A<8@8 3>@4K=N 8 ?>4C<09& B2>5 ?>@065=85 =5 <8=C5<> A;CG8BAO, =5 <>3C A:070BL, :>340 702B@0 8;8 ?>A;5702B@0, => A;CG8BLAO , =5A><=5==>. 0<>;G0; >0==, A>@202 A?5;>5 O1;>:> 8 C;K1=C2H8AL, GB> 2715A8;> @>40 =5A:070==>: ,,5 <>;G8 ?@>@>:. 0G5< 59 5ABL <5=O? =0 65=0 <>O. / <C6 55, O F0@L& ,, - @54C?@5640; O B51O, C7=05HL, =5 2>7@04C5HLAO. 0G5< A?@0H8205HL? 0G5< A>10:0 :CA05BAO? B>-B> CB25@6405B, GB> :CA05BAO >=0 >B 687=8 A>10G59. 5B, :CA05BAO >=0 >B B>3> , GB> A>10:>9 @>645=0, 254L 1C4L >=0 ?B8F59 @0725 <>3;0 1K >=0 :CA0BLAO?  >B 687=8 A>10G59 A>10:0 :CA05BAO A8;L=55, 409 59 4@C3CN 687=L =5 ?5@5AB0=5B >=0 1KBL >?0A=>9.  C ;L20 5ABL :;K:8, ?>1>;LH5 A>10GL8E. !:070; BK: ,,/ <C6 55, O F0@L& ,, ;O ;L20, G5< 25;8G5AB25==55 4>1KG0, B5< A;0I5, B5< 1>;55 GC2AB2C5B >= A51O ;L2><& >3 A>740; 2A5E @02=K<8 ?5@54 A8;>9 53> 8 5<C 2A5 548=>, GB> F0@A:>5 B5;>, GB> @01A:>5& -  2A5-B0:8 =5 25@N O, GB> 2 @8045 6825B ;52, >=0 B0:0O A;010O. - 5 25@L,  CE<K;L=C;AO ?@>@>:  ;O A0B0=K 65=A:0O 4CH0 A;0I5 <C6A:>9. 5@=C2H8AL 2> 42>@5F, F0@L >B40; @0A?>@O65=85: =5 A060BL 1>;55 >0==0 @5AB8B5;O =0 F5?L& .. !04>2=8: & & & .. ?@>A=C;AO ?>4 CB@> 8, =5 >B:@K20O 3;07, ?>3@C78;AO 2 <CG8B5;L=K5 @07<KH;5=8O: ,,AB020BL 8;8 A 157@0AAC4AB2>< <;045=F0 ?@540BLAO A=C. 5B, ?@845BAO 2K;570BL 87-?>4 >45O;0, ?@845BAO, A;8H:>< A;010 =045640 =0 1;03>?>;CG=K9 8AE>4, <>6=> A:070BL A>2A5< =5B 55 & & . !45;02 =0 A>1>9 CA8;85 & & & .>B:8=C; >45O;>, 4>;3> A845;, >1C20OAL, 0 ?>B>< 2KH5; 2 A04. = ?@>H5; 2 A0<K9 40;L=89 C3>; A040, ;N18<>5 <5AB> F0@O @>40. <5==> 745AL 8A?KBK20; >= >A>1>5 C4>2;5B2>@5=85, A?@02;OO <0;CN =C64C. >B B0:0O <0;5=L:0O <5ABL, <0;5=L:>3> G5;>25G:0. >340& & ..1K;> ?;>E>, :>340 A5@4F5 A68<0;>AL >B >A>7=0=8O =8GB>65AB20 A2>53> , ?><=8;: AB5<=55B 8 >= ?@52@0B8B 2 =C6=8:, B> <5AB>, 345 >B4KE05B F0@L. ,,0: E>@>H>, GB> ;N4O< =5 8725AB=> <=>3>5, >A>15==> F0@O< !,,,  @07<KH;O; A04>2=8:, 7048@0O E>;I>2CN @C10EC. G5@54=0O @01A:0O H0;>ABL =5 C40;0AL : B> ;8 AB>= 48:>3> 725@O , B> ;8 G5;>25G5A:85 @K40=8O 4>=>A82H85AO 87 ?@54@0AA25B=KE AC<5@5: 8A?C30;8 53>. !>2A5< @O4>< ?>4 O1;>=59 , A?8=>9 : =5<C , A845; G5;>25: .  A;01>< 1>@<>B0=88 53> >= C7=0;, F0@A:89 3>;>A .">340 701K; ?@> 2A5 8 70E>B5; ;8HL >4=>3>: 15AHC<=> C40;8BAO. > :>H0GL8 AB028; =>38, <54;5==> ?5@542830;AO , ?@8AB0;L=> =01;N40; 70 @>4>< : ?> 40;LH5, ?> 40;LH5. "0: 1K 8 CH5; , B>;L:> 1>;55 OA=0O @5GL @>40 >AB0=>28;0 53>  ;N1>?KB=> 2A5-B0:8. !:2>7L @K40=8O ?@>@K20;>AL: ,,>B >?OBL BK A> <=>9.. 'B>, ?@>@>: , 7=0; ;8 BK G5< >15@=5BAO ?>1540 ;L20 8 ;8AK =04> <=>9. >B 1C4CI55 B2>5 2 <>8E @C:0E& 0: 65 O B0: . AD8@L? 5B, >=0 =5 ;8A0 8 C6 =5 ;52 B5< 1>;55 , @8040 - >=0 ;8A0, >=0 ;52.. / 65 =5 ;52 >0==, =5 ;52& ?>G5<C O =5 A<>3 @07<5B0BL 2A5 ?@54@0AAC4:8 8 =5 A<>3 >B:070BLAO >B 40==>3> A;>20. 070;>AL 1K, ?>=@028;8AL <=5 B0=FK AD8@L, =C ?>>15I0; O 59 2K?>;=8BL ;N1CN ?@>AL1C& B> 7=0;, GB> ?>?@>A8B >=0 B-5-1-O? @8040 7=0;0, @0=LH5 2A5E 7=0;0& >340 C7=0;, ?>G5<C =5 A<>3 >B:070BLAO >B A2>8E A;>2? 'B> >AB0=>28;> <5=O ? =5=85 A:>B>2, >:@C602H8E <5=O& ;520BL <=5 =0 8E <=5=85, =5 >4=064K ?@5=51@530; O 8< B>;L:> B09=>, B09=>& B:@KB> =5 A<>3, =5 ;52 O& 5 A<>3, =5 A<>3& ! E, 40 , A;>2> 8< 40;, F0@A:>5 A;>2>& "K 4>@>68HL A;>2>< A2>8<, 0 8=K5 =5B, 40NB 8 7018@0NB 53>, :>340 70E>BOB B>3>. / 65 =5 A<>3, ?>B><C :0: =5 ;52, =5 <>3C ?5@5ABC?8BL G5@57 2A5 ! ">;L:> O, O ?>28=5= 2 A<5@B8 B2>59& #7=0; O B2>5 ?@54A:070=85& . ?@>AB8 <5=O& ,, @>4 2AE;8?K20;, CB8@0; A;57K, :0G0O 3>;>2>9 87 AB>@>=K 2 AB>@>=C , =87:> =0:;>=O;AO : G5<C-B> =52848<><C 4;O A04>2=8:0. !B@0H=K5 A><=5=8O 2 A>AB>O=88 F0@O @>40 B>;:=C;8 & & & .2 A?8=C, >= A45;0; 5I5 =5A:>;L:> H03>2 8 E>B5; 2AB0BL =0 =>A:8, ?KB0OAL 703;O=CBL G5@57 53> ?;5G> 8 @0AA<>B@5BL =52848<>5.  B>B <><5=B @>4 =0 2KBO=CBKE @C:0E ?>4=O; GB> - B>, ?@81;878; : A2>5<C ;8FC 8 ?>F5;>20;& , 0 ?>B>< 5I5 8 5I5 @07& .:,,@>AB8, ?@>AB8 <5=O.,, !04>2=8: C7=0; 53> ! 5 53>, 53> 3>;>2C, 3>;>2C ?@>@>:0 >0==0 8 1@>A8;AO ?@>GL, ?>402;OO ?@>@K20NI85 :@8:8 C60A0. 0;5B52 2 ?>AB5;L, >= A 3>;>2>9 C:@K;AO >45O;>< 8 ?@8=O;AO <>;8BAO . 0: 65 1K;> =5?@8OB=> 2A?><8=0BL > B><, G53> =5 A45;0; >=. 0 MB>B @07 =5 AB0; >BE>48BL B0: 40;5:>, A45;02 1KAB@5=L:> 2A5 C 425@59 8 >?OBL <>;8;AO 2 :@><5H=>9 B5<=>B5 , ?>4 >45O;><& . &0@L @>4 5I5 4>;3> A845; ?>4 O1;>=59, >1=O2 :>A<0BCN 3>;>2C, ?@868<0O 55 : 3@C48, @0A:0G820; , A;>2=> 10N:0O @515=:0, :0A0;AO I5:0<8 53> 2>;>A. !;57K A:0BK20;8AL =0 ;8F> <5@B2>9 3>;>2K, @>4 @073;O4K20; 53> 8 H5?B0; :,,"K B>65 ?;0G5HL, B>65 ?;0G5HL, O 7=0N 1>;L=> B515, >9 1>;L=> B> :0: & & & & & & " A:>@5, A@548 ?@81;865==KE F0@O @>40 ?>?>;7;8 A;CE8: 5ABL >A=>20=8O ?@54?>;030BL > B><, GB> F0@L >157C<5;. E @5H8B5;L=> ?@5A5:;0 @8040 70O282: @>4 1K; ?@>AB> ?LO= . #482;O;8AL 2A5 8 ?5@5H5?BK20;8AL: 2@>45 A8;L=>-B> 8 =5 ;N18; @>4 28=>, 0 BCB B0: =0?8BLAO. 'B> 6 , =0?8;AO B0: =0?8;AO: ?LO=><C 1>;LH5 ?>72>;5=>, 1>;LH5 ?@>AB8B5;L=>. 5 B@572K9 F0@L @>4, 2@>45 :0: =5 A>2A5< F0@L, 0 1>;55 ?@>AB> @>4, & & ?@>AB> G5;>25:. '5@57 =5A:>;L:> 4=59 >= ?>O28;AO ?5@54 =0@>4>< B0:>9 65 C;K1G82K9 8 @0AAC48B5;L=K9 - =>@<0;L=K9 G5;>25:, F0@L :0: F0@L, =5 EC65 8 =5 ;CGH5 ?@>G8E. ! 2>AB>:0 ?> ?CABK=5 1@5; >48=>:89 ?CB=8:. 45640 53> 1K;0 ?>:@KB0 3@O7LN <=>3>4=52=KE A:8B0=89, 2>;>AK 402=> =5 AB@865=K, @C:8 ?CABK . B> >B2068BAO ?>9B8 2 ?CABK=N 157 ?8I8 8 2>4K ? ">;L:> 157C<5F 8;8 8ICI89 A<5@B8. !C4O ?> 2A5<C , 68BL 5<C >AB020;>AL =5 4>;3>, 74>@>2K9 8 ?>;=K9 A8; G5;>25: B0: =5 E>48B. ">;L:> 2>;O B0I8;0 8AEC40;>5 B5;>: >= B> >AB0=02;820;AO, >1E20BK20O 3>;>2C @C:0<8, B> 20;8;AO =0 75<;N, ?>4=8<0;AO 8 C?>@=> ?@>4>;60; 84B8. 5@542830;AO <54;5==>, 2>;>G0 =>38, ?>4=8<0O :;C1K ?K;8, B5@OOAL 2 ?@>AB@0=AB25, ?>2>@0G820O B> 2?@02>, B> 2;52> ; >A<0B@820;AO, 273;O4>< 8A:0; A>;=F5 8 ?>@>9 <5=O; =0?@02;5=85 . 0 ?5@2K9 273;O4 1K;> =5;53:> ?>=OBL, :C40 65 >= 845B, => : ?>;C4=N A>2A5< >15AA8;5==K9 , >= ?@81;878;AO : ?@8GC4;82><C =03@><>645=8N >3@><=KE :0<=59. CB=8: C?0;, 4>;3> ;560; 157 42865=8O, ?>B>< ?>4=O;AO 8 >1>H5; A:0;C, 2=8<0B5;L=> >A<0B@820O 55 : 70?04=0O , ?>GB8 >B25A=0O AB>@>=0 , ?>=@028;0AL 5<C. '5;>25: ?>4=O; 3>;>2C, ?KB0OAL ;CGH5 @0AA<>B@5BL 25@H8=C 8 BCB 65 >?CAB8; 55 - 75<;O C?;K20;0 87-?>4 =>3, @C:8 8A:0;8 B>G:C >?>@K : =5 70 GB>, 1K;>, CE20B8BAO, B>;L:> 2?5@54 ,B>;L:> AB5=0 AB>OI0O ?5@54 =8< <>3;0 A?0AB8 53> >B ?045=8O& B>@202H8AL >B :0<=59 8 >B>94O =0704 ?>40;LH5 ,>= >AB>@>6=> ?>4=O; 3>;>2C. 5 B>@>?8;AO 8 =0 MB>B @07 @0AA<>B@5; 25@H8=C ; <54;5==> >?CAB8; 273;O4, F5?;OOAL 3;070<8 70 :064K9 2KABC?. >AE>645=85 >= =0G0; A N6=>9 1>;55 4>ABC?=>9 AB>@>=K , 745AL >= 70<5B8; =5A:>;L:> C4>1=KE 2KABC?>2 , :>B>@K5 1K;8 =5>1E>48<K 4;O >B4KE0 : 70 45=L >= =5 ?>4=OBLAO , =0 >4=>9 87 =8E <>6=> 1K;> ?@>25AB8 =>GL& 5ABL > A<5@B8 @5AB8B5;O ?@8=5A C65 7=0:><K9 8ACAC 1@0B F0@A:>3> A04>2=8:0 1@0< , 45=53 =0 A59 @07 =5 B@51>20;, ?@87=020; =070@8BO=8=0 %@8AB><, F5;>20; 53> @C:8, ?@>A8; > :@5I5=88.  > <=>3>< 4@C3>< ?>2540; $0@85A: ?> 0;8;55 84CB A;CE8, GB> C60A=>5 ?@>:;OB85 40=> @>4C : 70 3@5E8 53> 1K; ?@>:;OB >= ?@>@>:>< 8 ?>B><C, B> ;8 =5 <>65B, B> ;8 1>8BAO A?0BL, 0 :>5-:B> ?>3>20@8205B > 53> 157C<88 . 0: 1KBL 8ACAC, :0: ?5@568BL A<5@BL 1@0B0 A2>53> 4CE>2=>3>? #G8B5;L ?>4028; A5@45G=K9 ?>@K2 =>2>O2;5==>3> %@8AB0, ?>A;02 ?@54C?@5645=85. >G5<C 65 >= =5 ?>72>;8; 5<C 4065 ?>?KB0BLAO A?0AB8 >0==0, 254L A<5@BL 53> =5 ?@54A:070=0 ?@>@>:0<8, 7=0G8B, 15AA<KA;5==0 ! 8G5< =5 4>;65= 1K; >= @8A:>20BL, 2A5 4;O =53> B>;L:> 848.. 0 2>B 84B8-B>& A><=5=8O >4>;520;8 53>, =5 2>2@5<O >=8 ?@8H;8 .>;57=L =5 2K18@05B :>340 ?@84B8 - 2A5340 >=0 ?><5E0 4;O 206=KE 45;. 48, => =5;L7O 84B8 ?>:0 =5B A8; , ?>:0 8A:CH0NI89 A0B0=0 =5 ?>15645=. 8ACA ?>?@>I0;AO A 0BD55< 8, 27O2 ;8HL =5<=>3> 2>4K A>1@0;AO 2 4>@>3C. A?C302H8AL ?>B5@8, CG5=8: ?KB0;AO >B3>2>@8BL 53>, ?@82>48; @07;8G=K5 4>2>4K, 3;02=K< 87 :>B>@KE 1K; =0@>4, 6064CI89 ?@8=OBL >B =53> :@5I5=85. 8:0:85 C3>2>@K =5 >AB0=>28;8 53>, 2A5E >AB028;, CH5;, 8 25@=CBLAO =5 >15I0;. (8@>:>9 :>A>9 B@5I8=>9 >= 2>A?>;L7>20;AO 4;O >B4KE0, ?>4=O2H8AL 2A53> ;8HL =0 2KA>BC =5 1>;55 A2>53> @>AB0, ?@>;57 2 :0<5==K5 B8A:8 8 701K;AO . 0640 ?@>1C48;0, 2=CB@8 53> 1K;0 ?CABK=O 5I5 1>;55 ?0;OI0O, G5< 2>:@C3. !8;K 8AAO:;8 , B5<8 GB> >AB0;8AL =5;L7O 1K;> ?>;L7>20BLAO 157701>B=>, 2=5H=85 8AB>G=8:8, ?8B0NI85 53> 687=L 8AAO:;8 . >702G5@0 >= 2K?8; ?>A;54=89 3;>B>: 2>4K, >AB020;>AL >4=> : 8A?>;L7>20BL B>B 2=CB@5==89 @575@2, GB> 5ABL 2 :064>< >@30=87<5, >?@545;O5<K5 =5 25;8G8=>9 <KHF, 0 A8;>9 4CE0 . "@84F0BL 4=59 >= >1E>48;AO 157 ?8I8. CABK=O 1K;0 ?>;=0 687=8, B>;L:> 4;O =5 A254CI8E >=0 1K;0 ?CABK==>9, :B> - :B>, 0 8ACA 7=0;, :0: C40;8BL 3>;>4, 7=0;, 40 B>;L:> =5 E>B5; B>3>. !>7=0=85 =5 >B2;5:0;>AL =0 6064C, :@8:8 65;C4:0, ?@82K:;> 8 ?@5=51@530;> 8<8 . #<KH;5==> 2K720==>5 A>AB>O=85 ?>;CA=0 70AB02;O;> @01>B0BL <>73 2 A>25@H5==> =5 ?@82KG=>< @568<5 . KA;8 A =525@>OB=>9 A:>@>ABLN, 2 15A?>@O4>G=>< E0>A5 <5=O;8 4@C3 4@C30 ; => B0: B>;L:> :070;>AL. !>25@H5==> =5>6840==> ?@8E>48;> >70@5=85, =5>?@0240==>5 =8:0:8<8 ;>38G5A:8<8 4>2>40<8 , 2=CB@5==OO C25@5==>ABL : 2>B >=> 548=AB25==> 2>7<>6=>5 @5H5=85, 4@C3>3> =5B 8 =5 <>65B 1KBL. 0;:>5 A>AB>O=85 B5;0 <0;> 701>B8;> . 'B> >=> 5ABL ? >A8B5;L 4CE0, :0:>5 >=> 8<55B 7=0G5=85, 5A;8 =5 >?@545;8;AO >= 68BL 8;8 =5 68BL; 0 5A;8 68BL, B>, :0: 68BL 8 :0:8< 1KBL. LO2>; 8A:CH0; : CB>;8 3>;>4, 25@=8AL : 687=8. 8ACA >B25G0;: ,,0?8A0=>:,,5 E;51>< 548=K< 682 G5;>25:, 0 2AO:8< A;>2><, 8AE>4OI8< 87 CAB >30.,, K; >0== , 8 =5B >0==0 ! @>A8; A5<O, 27>H;8 2AE>4K, 1C4CB ?><=8BL, 7=0BL =5 1C4CB. !<5@BL :>A=C;0AL 53>, 703;O4K20;0 2 ;8F> 8 =03;> C;K1=C;0AL. !<5@BL O28;0AL 5<C 2> A=5 2 >1@075 G5@=>3> G5;>25:0 157 B5=8, A0< >= 1K; A;>2=> B5=L, =5 @07>1@0BL 53> G5@BK, ?OB=> <@0:0 >3@0=8G5==>3> D83C@>9 ?@>@>:0 >0==0. !<5@BL CE<K;O;0AL 8 B25@48;0: ,,8:C40 >B <5=O =5 45=5HLAO.,,, 40 B>;L:> 7=0;, 7=0; 8ACA, :0: A;54C5B A?0A0BLAO. !B@0E 6CB:89 ?0:>AB=K9 @0=55 =5254><K9 =5 >AB0=>28; 8ACA0, =5 8A?C30;AO >= G5@=>3> G5;>25:0 . 0 MB> ?@>=8:AO C2065=85< : A515 8 ?@>1C482H8AL B>G=> 7=0; : 5A;8 =5 8A?C30;AO, 1C45B 68BL, A2>59 A<5@BLN C<@5B .  2A5 65 A<>65B ;8, 2K45@68B ;8 8A?KB0=85? 0;5=L:89 G5;>25G5: :0@01:0;AO 225@E , =8 GB> 53> =5 C45@6820;> : =8 A;54K :@>28 =0 @C:0E, =8 A;><0==K5 =>3B8 8 4065 =>38 >B:0702H85AO ?>28=>20BLAO . ;8B5;L=0O 3>;>4>2:0 87<5=8;0 53> : =0 B@5B89 45=L >10O=85 >1>AB@8;>AL 4> 725@8=>3>, 2A5 70?0E8, G5<-;81> =0?><8=02H85 G5;>25G5A:CN ?8IC :@C68;8 3>;>2C 2A5, GB> <>3;> CB>;8BL 3>;>4 GC48;>AL 5<C. ! B0:8< >1>AB@82H8<AO >10O=85< A;015NI55 7@5=85 B5@O;> A2>5 ?@56=55 7=0G5=85. '5@57 =545;N ?@>H;> >AB@>5 GC2AB2> 3>;>40, 0 5I5 G5@57 420 4=O ?@8H;> 157@07;8G85 : 545. 0 B@5B59 =545;8 A8;K 8AAO:;8, 2 3>;>25 2>7=8:0; HC<, ?>E>689 =0 ?@81>9, 8=>340 A>25@H5==> =5>6840==> 3;070 70AB8;0;0 B5<=>B0 8 >BABC?0;0 =5 A:>@>. 8ACA ;560; 2 B5<=>9 ?5I5@5, ?>GB8 =5 42830OAL, <=>3> A?0;, ?>445@6820O 687=L =51>;LH8<8 3;>B:0<8 2>4K. >640;AO >= A8O=8O A25B0 A ;8F>< G5;>25G5A:8<, B>;L:> =0 B@84F0BK5 ACB:8 . => CA?>:0820;> 8ACA0 3>;>A>< 2A57=0NI8< 8 =0?>;=O;> M=5@3859. = >1@0I0;AO : =5<C, ?>;CG82 65 >B25B, 70:@K20; 3;070 8 4KH0; 3;C1>:>, ?8B0OAL A2OBK< A8O=85<. LO2>; =0H5?BK20;: ,,5 ?>74=> 5I5, :><C 4>;65= BK? #948 2 AB>@>=C, C:@>9AO 2 B5=8,,& ..,,>G5<C =5B? =>3>5 ?>42;0AB=> G5;>25:C: ?CABL 1C4C O ?>@>G=K<, :0: 8 4@C385 7=0NI85, 70B> 1C4C 8<5BL 25;8:>5 G8A;> @01>2 4CE>2=KE, 0 O 1C4C AB@8GL 8E :0: >25F, E>@>H8E >25F, 7=0B=KE >25F. &0@8 AB0=CB ?>:;>=OBLAO <=5 :0: ?@>@>:0< 87 ?@>H;>3>, 701C4CB >=8 ?@> A2>N 3>@4K=N. 5B 7=0=89 A8;L=55 B5E, GB> ?>72>;ONB, 2>72KA8BAO =04 4CH0<8 ;N4A:8<8: >=8 ?@84CB 8 A:06CB <=5: ,,>7=5A8AL =04 =0<8,,. 8ACA ?@>1C48;AO >B :@8:0 E8I=>9 ?B8FK. =0 :@C68;0 =04 =8<: ?040;L 8A:0;0, =0 G5;>25:0 =0B:=C;0AL. LO2>; 8A:CH0;: ,,/ 40< B515 2A5 8 2A5E, 5A;8 ?045HL ?5@54> <=>9 =8F 8 AB0=5HL <=5 ?>:;>=OBLAO.,, 8ACA ?@8:@K; 3;070: ,,/ <>3C, 2>72KA8BAO =04 2A5<8 B20@O<8 75<=K<8, 1C4C C1;060BL A51O 8 68BL 2 682>B=>9 @04>AB8. 5< 65 1C4C O B>340  B20@LN, A0<>9 E>@>H59 87 2A5E, => 2A53> ;8HL B20@LN. >B @>6405BAO G5;>25: , 8 2A5 G5<C CG0B 53>, 8 AB0@05BAO >= ?>7=0BL =0?@02;5=>, ?@5645 2A53>, =0 ACI5AB2>20=85 B5;5A=>5. 7@>A;55B >= 8 AB0=>28BAO :5<-B>, >= :0: ?>B>: 2>4K 153CI59 A 3>@ =0H5; A2>5 @CA;> 8 B5G5B, B5G5B ?> =5<C. '5< >?@545;O5B >= F5==>ABL 7=0=89 =5>1E>48<KE 5<C: B>;L:> B5< ?><>3CB ;8 >=8 5<C 1KAB@55 B5GL 2 >4=064K 2K1@0==>< @CA;5 8;8 >:06CBAO 15A?>;57=K<8.  2>:@C3 =53> F5;K9 <8@ =5?>7=0==>3>, => >=8 ?@5=51@530NB 8< 8 4065 A<5NBAO 8 =07K20NB 157C<F0<8 B5E, :B> ?@>=8:05B 2 =53>. 5 7=0NB >=8, GB> =5 871560BL =8 :><C 2@5<5=8, :>340 =0B:=5BAO @CG59 8E 687=8 =0 ?@53@04C, 701C@;8B 2>40 @07402H8AL 2H8@L, @0AB5@O5BAO, =5 7=0O :C40 B5GL, :0:>5 @CA;> 2K1@0BL. 5 254><> 8<, GB> B2>@8BAO 70 ?@82KG=K<8 15@530<8, 2>7><=82 > A515 >145;8;8 >=8 A51O. -E, G5;>25:, G5;>25:, :B> BK 5ABL? "20@L >3@0=8G5==0O. ">340 8A?C305BAO G5;>25: 8 ?@87=05BAO A515, GB>, =5 A<>B@O =0 3>40 A2>8, >=, 2 ACI=>AB8, 5ABL @515=>: A;01K9 @07C<><.  ?>9<5B B>340: 206=55 7=0BL :C40 B5GL, G5< 7=0BL, :0: B5GL 1KAB@55, 8=0G5 ?@>A>G8BAO 687=L :0: 2>40 A:2>7L ?0;LFK =8G53> =5 >AB05BAO B;5= , >4=0 ?CAB>B0 70125=8O& ,, G=C;AO >= 4> =0G0;0 @0AA25B0 , 2> <@0:5 =>G=>< ?@>4>;68; 2>AE>645=85. >4=O;AO =0 25@H8=C B>;L:> , :>340 A>;=5G=K9 48A: =0?>;>28=C C65 1K; ?@8:@KB 75<;59. @>202> - :@0A=K9 A25B >70@O; =51>A2>4  2>;=CNI89, =5 G8ABK9 ,=5 1>65AB25==K9 70:0B. 8ACA ?>4>H5; : :@0N :0<5=8AB>9 ?;>I04:8 A> AB>@>=K >B25A=>3> A:;>=0, >?CAB8; @C:8 24>;L B5;0, >B:8=C; 3>;>2C =0704, 70:@K; 3;070. !;01K5 4>6452K5 :0?;8 ?@8B@>=C;8AL : ;8FC  274@>3=C; >=, 8A?C30;AO, :070;>AL, GB> 87 MB8E B5<=> - :@0A=KE BCG <>65B ?@>;8BLAO B>;L:> :@>2L.5<>= 702;045; ?@8@>4>9, 70?C3820O G5;>25:0, ?>1C640O : A;01>AB8. !>1@02 >AB0B:8 A8; >= >AB>@>6=> >?CAB8; 3>;>2C 8 ?>A<>B@5; ?>4 =>38: 53> B5;> 4>;5B8B 2>= 4> B>3> 2KABC?0, C40@8BAO > =53> 8, =025@=>5, 1C45B ?040BL 2?@02> ?>:0 =5 C?045B =0 =51>;LH>9 :0<5=8ABK9 A:;>= 8 ?>B>< A:0B8BAO ?> =5<C, 1>;B0O ?5@5;><0==K<8 :>=5G=>ABO<8. >340 =0ABC?8B A<5@BL ? @8 C40@5 > 2KABC? 8;8 > A:;>=, 0 <>65B 1KBL, >= 5I5 4>;3> 1C45B ;560BL, A<>B@O =0 =>G=>5 =51> 8 & & C<8@0BL? >@K2 25B@0 C40@8; 53> 2 A?8=C, 8ACA ?>H0B=C;AO 8 A45;0; H03 : >1@K2C & . -B>B H03 ?><>3 5<C C45@60BL ?040NI55 B5;> , 5I5 1K =5<=>3> 8 & 5B, =5 8A?C30;AO, ?@>AB> 2@5<O 5I5 =5 ?@8H;>, =5 =04> ?><>30BL 5<C, A0< A45;05B H03 : 8=><C A>AB>O=8N ACI5AB2>20=8O& = ?>4>H5; : A0<><C :@0N: ,,!45;0N H03 8 8=>9 O; 5A;8 %@8AB>A O, B> A?0A5B <5=O >A?>4L, 0 5A;8 =5B B> 87102;NAL >B <CG8B5;L=KE A><=5=89& !<5@BL 871028B <5=O >B <CG5=89, => B0: ;8 ?;>E> MB> =0720BLAO %@8AB>< 8 A><=520BLAO ?& !><=520NI89AO %@8AB>A =8:>340 =5 701C45B, :B> >= 5ABL, 0 5ABL >= AK= '5;>25G5A:89& ..,,  A>7=0=85 >= ?@8H5; ;8HL G5@57 =5A:>;L:> 4=59 . 04 3>;>2>9 ?>4 25B@>< B@5?5B0; <0B5@G0BK9 ?>B>;>: ?0;0B:8. 04 =8< A:;>=8;AO 0BD59, ?@8?>4=O; 53> 3>;>2C 8 ?>4=5AO : 3C10< G0HC A >B20@>< A:070;: ,, 0228 BK 1@548;, 3>2>@8; ?@> :0:>9-B> ?CBL 8 8A?KB0=8O, 5I5 ?>2B>@O; : ,,A5, GB> ?@54A:070=> 4>;6=> A25@H8BAO.,, 8ACA >B?8; 87 G0H8& :,,"0: >=> 8 1C45B , 2>B B>;L:> :0: ? A;8 1K 7=0BL!,,  &8B. ?> .!. >68F8=. 6>@40=> @C=> 8 8=:F878F8O, AB@. 285-286. PAGE 2 PAGE 1 .0X( * 0 4 8 ij z55ORV^_b___dd
  \"Ѫ媤...|Ǫ.........|ǪCJOJQJmH 5B*CJOJQJB*CJOJQJB* CJOJQJ6CJOJQJj0JCJOJQJU CJOJQJ @CJNH 56B*5B* 5@CJ@CJ@CJOJQJ 5@CJ$5CJ$OJQJ5CJOJQJ5@CJOJQJ0.0
  TVXi(( * $"$@  $$)d$d$"d $n $.0
  TVXi(( * $R
   j
  ^ %)<.02|57?CKO`URV@Y]_`addidllpmxnnRooprry`6@H>ZIĨlIdR
   j
  ^$ $J $@&$1$$ %)<.02|57?CKO`URV@Y]_`add7$ $ $ didllpmxnnRoopry`6@H>ZIĨlI6"I6"p֍l Pn4Z6>\
  
  
  H  <~<
  .D:!!!H""##%&'(4**&+++.v4$5$68488990:;;;$==C F(G"GG.H@IDLRLLM~NZO\ORb\
  
  
  H  <~7$<
  .D:!!!H""##%&'(4**&+++.v4++=C\O^O`OR---"z$&f h 2"zHJkllpއ"281<1ntz~bdprvHJNR$&(봚봚뿠 j0JU
  5B*mH B*5mH 5CJOJQJmH B*CJOJQJ5CJOJQJCJB*CJOJQJ 56B* 56B* 5@CJ$ 5@CJB*5B* CJOJQJ5B*CJOJQJ  
  < -  R0RFb f 2"(4:DzHJJVLDQxUYcjenef$jkkklpprd\޽0x,VN:\^"T8Fn```"P Z d
  
  < -  R0
  & FRFb f 2"(4:DzHJJVLDQxUYcjenef$jkk$7V$ $kkppru z:0rX܇އ"T28L4II$$r$pru z:0rX܇އ"T28L4IIԯ0"h@F@L>"h6  I)*121414:?n@JbKKlL(MTNStT\bffBnnxpqFvv\wxxv{t~d:"H-prt,dIԯ0"h@F@L>"h6  I)*121414:?n@JbKKlL(MTNStT\bffBnnxpqqFvv\wxxv{t~d:"H-prt,iHNFIи@iHNFIи@PR:np|~"-
    "$&(*,.02468:<>@BDFRTVXZ\^d@PR:np|~"--$1$
    "$&(*,.02468:<>@BDFRTVX$XZ\^`bdfhjlnprtv|~"-$1$$^`bdfhjlnprtv|~"
    "$&(*,8:<>@BDFHJLNPRXZj-"ie
    "$&(*,8:<>@BDFH$HJLNPRXZj-"iI-$1$I "$&( D "$&&`#$$B*0JmH0J j0JU. A!"n#n$n%nnnnnnnnnnnnnnnnnnnn-$1$nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnoooooo o
  o o oppp"ppppp&`#$$oooo o
  o o o oppp-ppppppp
  [4@41KG=K95@B*
  CJmHR@R 03>;>2>: 1$$1$dh@&5@B*CJ OJQJD@D 03>;>2>: 3$dh@&5@B*CJ(:A@:A=>2=>9 H@8DB 0170F0fC@fA=>2=>9 B5:AB A >BABC?>< $1$5@B*CJ OJQJBB@BA=>2=>9 B5:AB5@B*CJhS@hA=>2=>9 B5:AB A >BABC?>< 3 $w5B*CJOJQJ*&@!* =0: A=>A:8H*:@2: "5:AB A=>A:85@B*CJ,)@A,><5@ AB@0=8FKN@RN5@E=89 :>;>=B8BC;  9r 
  5@B*hR@bhA=>2=>9 B5:AB A >BABC?>< 2 $5B*CJOJQJnHl CF9 
      !"#$%&'()*+,-./0123456789CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCF
    !"#$%&'()*+,-./012345678.9!!!!!!!!! !
  ! ! ! !!!!!!!!!!!!!!!!!!! !!!"!#!$!%!&!'!(!)!*!+!,!-!.!/!0!1!2!3!4 5 6 7 8 9 )2 <CFO0ZTdn-xk֊ݮ^"]q@&p0s9&C7M W`iZtx~*پp" kut$
   k
  c  2QD1E !J"#$K%
  &'({)K*a+&,y-].,/ 0^12y345678 d6"v4R`kIq@XH
     I-pr^  !t!tl,R$FE-Qڻb>".@0( 
  n
   JA ?5@30<5=B"i!)07  % & . : H  IP99<=RZNV̿ҿ"";AAIY`I"(TZ"8=flIO"! ( u { e o   K&S&"44w6|6;;??A!AB[G[]]^^+a6aaac cddeiegg>vFvڋߋy~"“--6">"#+AG  Vb"" E9<57 s
  u
  Z \ 6 8 ( /  \^02|~#%:<Z \ !!!!I"K"(#*#u#w###%%&&s'u'((**c,,--....//11n2w2K4M44444!5#5555...5666666<8C88899.:2:?;A;;;<<S?U?@@IBBCC6D8DDDE EEEGIGH"H-I0IqIsIIIJJKK7L9L"LLMMNNyN{NNNOOPP-PPPPQQQQRR@SBS]S_SSS!T#TJTLTUUVVWWYYYYZZ3[9["\\{]}]]]^^^^__ ` `"aabbbb3c-@-----;E)+...y{-0EG46 ik eg`iliҿԿ -/f"h"δ״02ڀ݀_a')kufhjn57""ޥ7>,./1"$... " DF abce^`uwEGY[Z\gi(*Z\^bZ\+/=?Z\JLvxvx{}FHI"EG"[]<>PT!#  I
  K
  
  
    -  > @ i k   7C^`&()+-8{}km13FH13|~iBD8T  Z"\"##$"$&&''W(Y(j*l***,,&.(.z.|...7090C1E1112233r6t666888888o:q:;;<<<<>>!?'?^?`???@@@@!A$AAAAAB
  BCCDDyDD@EBEEEEEFFFFGGDHFHHHIINJPJJJLLoLqLLLMMOMMMNNNIN'O(OOOQQ&R)RRRS"ST-TTTUUUwVyVWWXX0Y5YZZ=[?[(\2\\\]]__I`L```lana'b+bcc_cacccdd=d?dddeeffgghhFiHi|j~jjjkkNlPlAmCmmmmmnnuowooo@pEpjplppp q qqq:t:>?8O !"+   " 2ABC?;5=85.asdUser@C:\WINDOWS\TEMP\2B>:>?8O !"+   " 2ABC?;5=85.asdUser@C:\WINDOWS\TEMP\2B>:>?8O !"+   " 2ABC?;5=85.asdUser@C:\WINDOWS\TEMP\2B>:>?8O !"+   " 2ABC?;5=85.asdUser@C:\WINDOWS\TEMP\2B>:>?8O !"+   " 2ABC?;5=85.asdUser@C:\WINDOWS\TEMP\2B>:>?8O !"+   " 2ABC?;5=85.asdUser@C:\WINDOWS\TEMP\2B>:>?8O !"+   " 2ABC?;5=85.asdUser@C:\WINDOWS\TEMP\2B>:>?8O !"+   " 2ABC?;5=85.asdUser@C:\WINDOWS\TEMP\2B>:>?8O !"+   " 2ABC?;5=85.asdUserQC:\WINDOWS\ 01>G89 AB>;\81;8>B5:0 0H:>20\!"+   " 2ABC?;5=85.docaj}f"v"EP\XaTUW=,vq]4GL!  -*!<iF; B@ ? @
  4_
  
  
  +
  2W d p?  H} 2b ur w) ni W|/HN+T:Rh(I3{W 3$:eH66`yqfe" 2^snT9IHzZFc"|tY"=FSZ]jUL,DPvE+kv5?l'[Q=EQy hH 3n5q8i) Rv F"#-#=I$D"$zDh%  )BW,C+t,/,-h7 th/-N60q00,}12,I3b4 P47u4
  49V5}N6z&Io'T6ye6% 6 7M7.68rZp8 Ap9891: :,;u.;K"<`&T<V{=+=z10@"@>WyB)BjBxq>CuEN|qN'O6kOhPsiQ^7^CF_ (axhbrb~#b'Mc7y d d 2d-}dXب|_d!e-hexeT"hJ[llUYl_6l!0.n q(nQp q{qOr=HrsS uw v][v:jsvV4wO:wTxahyy{v| @|
  v)*|AhO~ hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo(   OJQJo(- hhOJQJo( hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(q hhOJQJo(- hhOJQJo(hhCJOJQJo(q hhOJQJo( yQyOJQJo( hhOJQJo( hhOJQJo(hho(. hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(qo(. hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(q hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo(hh. hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo(o(. hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(q !OJQJo(& hhOJQJo(ddo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(qhho(. hhOJQJo( iiOJQJo(-hhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo(hho(- hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo(o(.hhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhho(. hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo( GGOJQJo( hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(qhh.hhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo( !OJQJo(F hhOJQJo( OJQJo(-hhCJOJQJo(q hhOJQJo( hhOJQJo(hhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo( hhOJQJo( hhOJQJo( OJQJo( hhOJQJo( hhOJQJo(hh. hhOJQJo(hhCJOJQJo(qhhCJOJQJo(q hhOJQJo( hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(q hhOJQJo(hhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(qhhCJOJQJo(q hhOJQJo(hh. !OJQJo(Fhh.hhCJOJQJo(qC+t,}N6#vZ)*|R"&Rv qrb\v|FhPM7sTZW:e(n`DGLsafGzDh%+uE~[b4=CF_tLL,I3H} UWF"\Id L,D/,$.68 @|p? 6!0.n2b 
  4E$[W  P4I3* L 7y dTx9V5 /h`Ve"D"$i'HW| :HNS uV4w1:siQnT[U|ItS4'O+
  i) u.;%
  )6kOye6][vsI$eQF{qk>Nxhbkv>WyB+QjB";G\Qpxq>CT"hEQR2^sahyP/AhO~|qN'Mcc"|h"Wn],}1)Bq5?"EP7^vE;D>^vr[-heY+=#IF [Q=_dBW,Xani _6lBqR$Y[Or89V{=U-#~#bXzY+W th/[sK'T6h=Hrt2W yRhHvyZq8J[l{,]l'f;KF(l UT<"@05b]yE3n5 (aL]jz10@J[FWw v? 2=VH6T,;9IbUrQs@
  Q8U-N60aj vT  O:wiFK"< dSZF"GJX 2dHz-q0rZp8
  
  @@@Br@@d 7f4rlGTimes New Roman5Symbol3& Arial5& Tahoma;Wingdings"qh\IymX&.|GG9k92>0di.User...Oh"+'0L 
    ,4<Dss.ssNormalUserl46rMicrosoft Word 8.0@5@jZ#@n"-$9GGծ.+,Dծ.+,0 hp|  .=k    6>
  _PID_GUIDAN{BDC712C0-5301-11D4-A75F-BB0FCCAC3F30}
    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~..."-"i"I" 
      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~..."-"i"I" 
      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijlmnopqrtuvwxyzRoot Entry Fy#`&̗$1TableWordDocument4SummaryInformation(kDocumentSummaryInformation8sCompObjj
   F Microsoft Word MSWordDocWord.Document.89q
  :
.

, :
. ". " . " "

o

| "" | ' ""