98?88@E8 4DE8@ ) 78< $"#) -/ TfB )%/%! Wg 9PXPPY_P]LLO aly 4^_PY BZ^_M`^ *1( -/*( 49 4^_PY 9P >LD@A 9P F@IH@LF <==FIOHH@L -@C=I?@G==L -DEG=B@ I :@LQ@I??=NOH 6I?@LP@LK DA?'*()/'(+/-1-7P SPP] :&<& 5]PXLY ( 78<! $"#) JTPY^bTUdP Z[ ZY_bP][MP^_PXXTYR^[WLY =LYLLWbPR -%0 4^_PY $.01&(/)0 7JMN>OM $*" &(26,0 8JH@L@I )2.)%&(/)0 ;DGC@GHDI=KG@DI # &((( /3 8JH@L@I ;AFABIIH "%!$"%"$$$ ;AFAB>N "%!$"%"$# "#,&*+ B@H@@IN@+MJH@L@I!IG =A?KCLA PPP!MJH@L@I!IG P -,7 ;AE!HJ! 54&' -501 "$)!&"!"E!*%E #!#'.() -50154Q. 9PLNS_P WPOPY aly OP ]LLO& A[ *1 ^P[_PXMP] *()/ T^ MPVPYO RPXLLV_ OL_ SP_ ZY_bP][MP^_PXXTYR^[WLY =LYLLWbPR -%0 4^_PY "HP^_PWTUVP BZZ]_ 4^_PY# RPO`]PYOP dp^ bpvpy _P] TYdLRP bp]o RPWPRO PY OL_ PPY dtpy^btudp Z[ SP_ [WLY VZYOPY bz]opy TYRPOTPYO& HTU SPMMPY VPYYT^ RPYZXPY aly SP_ ZY_bP][MP^_PXXTYR^[WLY PY OP ZY_bTVVPWTYRPY OTP STP]XPP XZRPWTUV RPXLLV_ XZP_PY bz]opy& 7P btudp bll]z[ OPdP ZY_bTVVPWTYRPY TY OP _ZPWTNS_TYR$ OP ]PRPW^ PY Z[ OP ap]mppwotyr dtuy Z[RPYZXPY az]x_ azz] ZY^ LLYWPTOTYR ZX _P ]PLRP]PY Z[ SP_ ZY_bP][MP^_PXXTYR^[WLY& 5]LYOPYM`]NS 5&G& GZZ] OP _ZPVZX^_[WLYYPY aly OT_ MPO]TUQ bz]opy LLYdTPYWTUV ]`TXP]P MPMZ`bTYR^XZRPWTUVSPOPY TY SP_ MP^_PXXTYR^[WLY Z[RPYZXPY& :P_ MZ`baWLV bz]o_ ap]r]zz_ PY OP XLcTX`X RZZ_% PY YZVSZZR_P bz]opy ap]szzro&?p_ YLXP SP_ ap]wprrpy aly OP MPMZ`bTYR^R]PY^ TY OP ]TNS_TYR aly OP J`TO%HTWWPX^aLL]_ TY NZXMTYL_TP XP_ OP SZRP]P MZ`bSZZR_P atyopy btu MPdbLL]WTUV& 7P XLcTX`X RZZ_% PY YZVSZZR_P bz]o_ ap]szzro aly 0 PY )) XP_P] YLL] ), XP_P] azz] dzbpw OP RZZ_% PY YZVSZZR_P& GZZ] )- aly SP_ MZ`b[P]NPPW T^ MZaPYOTPY PPY XLcTX`XSZZR_P aly +0 XP_P] _ZPRP^_LLY "L]_TVPW +&*&+& aly OP [WLY]PRPW^#& 4LYRPdTPY OT_ TY MPRTY^PW MTYYPY SP_ RPSPWP MZ`baWLV XZRPWTUV T^$ ^_LL_ SP_ MP^_PXXTYR^[WLY SP ZP ZX WLYR^ OP =LYLLWbPR PPY RPMZ`b Z[ _P ]TNS_PY XP_ PPY RPaPWM]PPO_P aly NL& )*( XP_P] PY PPY MZ`bSZZR_P aly +0 XP_P]& 7T_ LNS_PY btu RPPY RPbPY^_P ZY_bTVVPWTYR& #)""%*$+$
98?88@E8 ;Y OP _ZPWTNS_TYR aly SP_ [WLY T^ LLYRPRPaPY OL_ OP SZRP]P MZ`bSZZR_P YZOTR T^ aly`t_ PPY MPO]TUQ^XL_TR ZZR[`Y_ TY ap]mlyo XP_ SP_ RPM]`TV aly ^TWZ!^& 8PY ap]op]p ZYOP]MZ`bTYR ZaP] OP [WLYZWZRT^NSP LLYaLL]OMLL]SPTO aly PPY OP]RPWTUVP SZZR_P PY OP OLL]LLY RPVZ[[PWOP Z[[P]aWLV_P ZY_M]PPV_ azwwpotr& 9PWP_ Z[ OP QZ]^P LQbTUVTYR aly OP MZ`b]PRPW^ "OP S`TOTRP XLcTX`X MZ`bSZZR_P azz] RPMZ`bPY MPO]LLR_ )) XP_P] PY azz] MZ`bbP]VPY RPPY RPMZ`b dtuyop 0 XP_P]# LW^XPOP SP_ QPT_ OL_ Z[ OPWPY aly SP_ [P]NPPW PP]OP] SPWPXLLW RPPY RPMZ`bPY bl]py _ZPRP^_LLY$ T^ PPY dz]ra`wotrp LQbPRTYR PY XZ_TaL_TP STP]aZZ] bpw PPY ap]pt^_p& :TP]MTU dlw TY TPOP] RPaLW OP TX[LN_ aly OPdP MZ`b]PRPW^ azz] OP PTRPYL]PY'MPbZYP]^ aly OP bzytyrpy LLY OP LYOP]P dtuop aly SP_ VLYLLW Z[ DZXP]PY^ R]ZYORPMTPO YLO]`VVPWTUV TY ZRPY^NSZ`b RPYZXPY XZP_ bz]opy& HTU RPaPY ` TY ZaP]bPRTYR ZX MTU OP al^_^_pwwtyr aly SP_ [WLY$ NZYN]PP_ LLY _P RPaPY Z[ bpwvp OPWPY aly SP_ MZ`b[P]NPPW SZRP]P MZ`bSZZR_PY dtuy _ZPRP^_LLY PY bl_ OTP SZZR_P XLR MPO]LRPY& :P ZP^_LLY aly PPY MZ`bSZZR_P aly +0 XP_P] Z[ OP MZ`baWLVR]PY^ LLY OP dtuop aly OP =LYLLWbPR$ dzyop] LLYa`WWPYOP MP[LWTYRPY ZQ dzyop] PPY YLOP]P LQbPRTYR^MPaZPROSPTO$ T^ azwrpy^ ZY^ RPPY RZPOP ]`TX_PWTUVP Z]OPYTYR& 7P SZRP]P MZ`bSZZR_P RPWO_ azwrpy^ OP [WLY]PRPW^ ZaP]TRPY^ LWWPPY azz] RPMZ`bPY$ azz] MZ`bbP]VPY RPPY RPMZ`b dtuyop T^ PPY XLcTX`XSZZR_P aly 0 XP_P] Z[RPYZXPY& 4LYRPdTPY azwrpy^ OP _ZPWTNS_TYR OP SZRP MZ`bSZZR_P XP_ YLXP T^ MPOZPWO azz] ^TWZ!^ T^ SP_ [WLY Z[ OT_ [`Y_ YTP_ NZY^T^_PY_& ;Y OP _ZPWTNS_TYR aly SP_ [WLY bz]o_ YTP_ `T_RPWPRO bll]zx OP MPMZ`bTYR^R]PY^ XZP_ bz]opy ap]wpro TY OP ]TNS_TYR aly OP J`TO%HTWWPX^aLL]_ PY bll]zx OT_ [WLYZWZRT^NS LLYaLL]OMLL] dz` dtuy$ OT_ TY ]PWL_TP _Z_ OP "appw# SZRP]P MZ`bSZZR_P OTP YZOTR dz` dtuy& 8PY YLOP]P ZYOP]MZ`bTYR aly OPdP LLY[L^^TYR TY OP MZ`b]PRPW^ LNS_PY btu YZZOdLVPWTUV& 5P_ZYNPY_]LWP CLTTXLVP]^ GZZ] SP P]]PTY aly OP MP_ZYNPY_]LWP T^ TY SP_ ZY_bP][MP^_PXXTYR^[WLY "OTRT_LLW [WLY dzlw^ RP[WLL_^_ Z[ bbb&]`tx_pwttvp[wlyypy&yw# ^WPNS_^ PPY VWPTY MZ`baWLV azz] SP_ RPMZ`b XP_ S`T^Y`XXP] 0 TYRP_PVPYO& 7P ZaP]TRP MPMZ`bTYR VZX_ OLL]OZZ] R]Z_PYOPPW^ M`T_PY SP_ MZ`baWLV _P WTRRPY& 4LYRPdTPY LLY SP_ [P]NPPW bpw PPY ]PR`WTP]P MPO]TUQ^MP^_PXXTYR bz]o ZPRPVPYO$ bll] dtns YLL^_ OP MP_ZYNPY_]LWP ZZV LYOP]P MPO]TUaTRSPTO XLR ap^_trpy$ T^ OL_ ZY^ TYdTPY^ RPPY WZRT^NSP VP`dP& :P_ ^_PX_ TY TPOP] RPaLW YTP_ ZaP]PPY XP_ SP_RPPY Z[ [LRTYL ), aly OP _ZPWTNS_TYR T^ MP^NS]PaPY!:P_ MPO]TUQ^[P]NPPW aly CLLTUXLVP]^ DZXP]PY 5G "MP_ZYNPY_]LWP# MWTUQ_ TY dtuy S`TOTRP ZXaLYR PY XP_ OP S`TOTRP MZ`bXZRPWTUVSPOPY RPSLYOSLLQO!& 5P^_LLYOP MZ`bXZRPWTUVSPOPY dtuy al^_rpwpro TY OP MPSPP]^aP]Z]OPYTYR!4^_PY MPO]TUaPY_P]]PTY =LYLLWbPR *()+!& 7`TOPWTUV T^ OL_ MP^_LLYOP RPMZ`bPY PY
98?88@E8 MZ`bbP]VPY RPPY RPMZ`b dtuyop ZZV LW LQbTUVPY aly OP TY OP MPSPP]^aP]Z]OPYTYR RPYZPXOP ]PRPW^$ RPMZ`bPY ^_LLY M`T_PY SP_ MZ`baWLV PY OP LLYbPdTRP ^TWZ!^ _PY MPSZPaP aly OP MP_ZYNPY_]LWP dtuy MPO`TOPYO SZRP] OLY OP 0 XP_P] OTP T^ _ZPRP^_LLY azz] MZ`bbP]VPY RPPY RPMZ`b dtuyop& :P_ WTUV_ ZY^ WZRT^NS ZX OP MZ`bXZRPWTUVSPOPY aly SP_ YTP`bP MP^_PXXTYR^[WLY TY TPOP] RPaLW LQ _P ^_PXXPY Z[ OP LLYbPdTRP MPMZ`bTYR& 4W^ SP_ `b MPOZPWTYR T^ ZX XPP] MPMZ`bTYR OTNS_P] Z[ OP =LYLLWbPR XZRPWTUV _P XLVPY OLY dlw OL_ ZZV Pc[WTNTP_ MPYZPXO XZP_PY bz]opy& 5P[P]VTYRPY dzlw^ OP LLYbPdTRSPTO aly PPY RL^WPTOTYR PY MP[P]VTYRPY OTP RPVZ[[PWO dtuy LLY OP a]tubl]tyr^dzyp%bl_p]vp]tyr OTPYPY TY OTP LQbPRTYR MP_]ZVVPY _P bz]opy& GP]MPPWOTYR$ ]PRPW^ PY _ZPWTNS_TYR OTPYPY ZY^ TYdTPY^ LLYRP[L^ P bz]opy& B`TY M]PVPY ' Z[% PY ZaP]^WLR R]LY`WLL_ 7T_ ZYOP]OPPW aly SP_ [WLY MP_]PQ_ PPY `T_M]PTOTYR aly SP_ MP^_LLYOP MPO]TUaPY_P]]PTY& CPRTZYLLW T^ OPdP `T_M]PTOTYR LVVZZ]O MPaZYOPY "5PO]TUaPY_P]]PTYPY[]ZR]LXXP]TYR 7P BPPW#& :P_ RLL_ ZX PPY ]PWL_TPQ R]Z_P `T_M]PTOTYR XP_ STYOP]WTUVP MPO]TUaTRSPTO "[`TY M]PVPY#& HLL]MTU RPW`TO$ ^_ZQ PY OP at^`pwp `T_^_]LWTYR OP azz]yllx^_p LLYOLNS_^[`Y_PY dtuy& :P P]]PTY dlw R]Z_PYOPPW^ bz]opy ZX]TYRO OZZ] SZRP VPP]bLYOPY bll]_prpy PPY _LW`O bz]o_ Z[RPbZ][PY& 7T LW`O XP_ OP OLL]Z[ LLY _P M]PYRPY MP[WLY_TYR ZY ]PV_ SP P]]PTY LLY SP_ dtns_ PY SPPQ_ PPY RPW`TO^bP]PYOP Q`YN_TP& 7P LLYWPR aly SP LW`O'VPP]bLYOPY T^ Z[RPYZXPY LW^ azz]bll]opwtuvp ap][wtns_tyr TY SP_ [WLY LW^ ZYOP]OPPW aly OP WLYO^NSL[[PWTUVP TY[L^^TYR& 4LY OP dtuop aly J`TO% HTWWPX^aLL]_ RPWO_ ZZV OP Q`YN_TPLLYO`TOTYR HL_P]VP]TYR & :P_ Z[]TNS_PY aly MZ`bbP]VPY dzlw^ VPP]bLYOPY MTYYPY OPdP dzyp T^ YTP_ OT]PN ZPRP^_LLY$ OT_ T^ RPVZ[[PWO LLY PPY LQbTUVTYR^MPaZPROSPTO "L]_TVPW )*&0&) aly OP [WLY]PRPW^# PY _ZP^_PXXTYR OTP ap]wppyo XZP_ bz]opy OZZ] OP MPSPP]OP] aly OP bl_p]vp]tyr& AZV azz] SP_ LLYWPRRPY aly SP LW`O MTYYPY OT_ RPMTPO T^ azwrpy^ ZY^ _ZP^_PXXTYR aly OP MPSPP]OP] YZOTR& 7T_ T^ PPY ZYLLYaLL]OML]P ZYdPVP]SPTO TY SP_ [WLY& 7P `T_M]PTOTYR aly SP_ MPO]TUaPY_P]]PTY T^ TXXP]^ LWWPPY LLYaLL]OMLL] LW^ SP P]]PTY bz]o_ ZX]TYRO OZZ] OP VPP]X`]PY'_LW`O XP_ OP OLL]MTU MPSZ]PYOP WLYO^NSL[[PWTUVP TY[L^^TYR& 7P MPZZ]OPWTYR ZQ SP LW`O'VPP]X``] Z[ OTP [WPV ap]pytrmll] T^ XP_ MPWLYRPY aly bl_p]^_ll_ PY'ZQ bl_p]vp]tyr OTPY_ azz]lq [WLL_^ _P atyopy& 8]aLY `T_RLLYOP OL_ OTP _ZP^_PXXTYR bz]o_ ap]wppyo$ OLY dz` azz] SP_ Z[]TNS_PY aly VPP]bLYOPY ' LLYWPRRPY _LW`O PPY `T_dZYOP]TYR RPXLLV_ XZP_PY bz]opy Z[ SP_ ap]mzo dzlw^
Z[RPYZXPY TY L]_TVPW )*&0&)& 7LL]YLL^_ RPaPY btu ` TY ZaP]bPRTYR ZX azz]op VPP]bLYOPY PPY XTYTX`XSZZR_P TY OP ]PRPW^ Z[ _P YPXPY& 4LYRPdTPY OP Z[RPRPaPY XL_PY aly - PY 0 XP_P] ZZV LW^ `T_RLYR^[`Y_ dtuy RPYZXPY azz] SP_ LVZP^_T^NS ZYOP]dZPV& 9PdZYPP]O TYO`^_]TP_P]]PTY DW`T^ I;':LWQ 8WQTP :P_ [WLYRPMTPO XLLV_ OPPW `T_ aly SP_ RPdZYPP]O TYO`^_]TP_P]]PTY bll]azz] MTU =ZYTYVWTUV 5P^W`T_ aly * U`YT )11( "Y]&1(&(.).-*0# PPY bp PWTUVP dzyp T^ al^_rp^_pwo& 7PdP dzyp WTR_ dzbpw Z[ DZXP]PY^ LW^ Z[ 4^_PY^ R]ZYORPMTPO& 6ZY^P\`PY_TP aly OT_ MP^W`T_ T^ OL_ SP_ RPdLXPYWTUV RPW`TO^YTaPL` aly LWWP TY]TNS_TYRPY OTP dtuy RPWPRPY Z[ SP_ RPdZYPP]O TYO`^_]TP_P]]PTY YTP_ XPP] OLY -( O5"4# XLR MPO]LRPY Z[ OP dzypr]py^ "PY YTP_ XPP] XLR dtuy OLY OP azz]vp`]^r]py^bll]op$ PY YTP_ XPP] OLY OP PP]OP] al^_rp^_pwop SZRP]P bll]op aly RPW`TO^RPaZPWTRP ZMUPN_PY TY OP RPW`TO^dZYP#& FT_ OP QZ]X`WP]TYR aly L]_TVPW )*&)&*& aly OP [WLY]PRPW^ MWTUV_ ZYaZWOZPYOP OL_ ZZV ]PVPYTYR RPSZ`OPY XZP_ bz]opy XP_ OP MPO]TUQ^LN_TaT_PT_PY Z[ SP_ DZXP]PY^ R]ZYORPMTPO& HTU ^_PWWPY ` azz] ZX OT_ L]_TVPW LW^ azwr_ LLY _P [L^^PY2 4]_TVPW )*&)&*& 4QbTUVPY aly OP MZ`b]PRPW^?T_^ OP RPdLXPYWTUVP RPW`TO^MPWL^_TYR aly LWWP TY]TNS_TYRPY OTP dtuy RPWPRPY Z[ SP_ RPSPWP RPdZYPP]O TYO`^_]TP_P]]PTY DW`T^ I;':LWQ 8WQUP Z[ OP RPaPW^ aly PPY RPW`TORPaZPWTR ZMUPN_ YTP_ SZRP] dlw dtuy OLY OP OLL]aZZ] RPWOPYOP azz]vp`]^r]py^bll]op ZQ PPY ap]v]prpy SZRP]P R]PY^bLL]OP$ VLY XP_ PPY ZXRPaTYR^aP]R`YYTYR bz]opy LQRPbPVPY aly SP_ MP[LLWOP TY )*&)&)& ;Y L]_TVPW +&+&* JZYPMPSPP] RPdZYPP]O MPO]TUaPY_P]]PTY T^ LLYRPRPaPY OL_ SP_ `T_ZPQPYPY aly MPO]TUQ^XL_TRP LN_TaT_PT_PY `T_^W`T_PYO T^ _ZPRP^_LLY$ azz] dzap] [L^^PYO MTYYPY OP azz] SP_ RPdZYPP]O TYO`^_]TP_P]]PTY DW`T^ I;':LWQ 8WQUP al^_rpwprop dzypr]py^ -( O5"4#& GZWWPOTRSPTO^SLWaP btwwpy btu ` azz]^_pwwpy ZX STP]LLY _ZP _P azprpy2 PY azz] dzap] OLL]XPP bz]o_ azwolly LLY OP al^_rp^_pwop :ZRP]P HLL]OPY Z[ RPW`TO^RPaZPWTRP ZMUPN_PY TY OP RPW`TO^dZYP& A[XP]VTYRPY _ZPWTNS_TYR A[ ap]^nstwwpyop [WLL_^PY TY OP _ZPWTNS_TYR bz]o_ RP^NS]PaPY OL_ SP_ [WLYRPMTPO PP]OP] OPPW `T_XLLV_P aly SP_ MPO]TUaPY_P]]PTY :LWQ 8WQUP& 7T_ T^ YTP_ NZ]]PN_$ OL_ XZP_ dtuy SP_ MPO]TUaPY_P]]PTY DW`T^ I;& "MTUaZZ]MPPWO [L]LR]LLQ )&*$ *&)$ *&*# ;Y OP RPMTPO^MP^NS]TUaTYR "[L]LR]LLQ *&)# bz]o_ YTP_ TYRPRLLY Z[ SP_ R]ZYORPMTPO aly OP RPXPPY_P DZXP]PY& 9PWP_ Z[ OP LL]O PY OP ]`TX_PWTUVP `T_^_]LWTYR aly OP
RPbPY^_P ZY_bTVVPWTYR PY OP VZ]_P LQ^_LYO _Z_ MTUaZZ]MPPWO OP bzytyrpy LLY OP =LYLLWOTUV%@ZZ]O Z[ ZY^ R]ZYORPMTPO T^ OL_ PPY ZXT^^TP OTP SP]^_PWO XZP_ bz]opy& % azz]zap]wpr "[L]LR]LLQ 0&* aly OP _ZPWTNS_TYR# A[ LXM_PWTUV YTaPL` T^ TYOP]OLLO PP]OP] NZY_LN_ RPbPP^_ XP_ ZYdP RPXPPY_P$ bll]mtu TY LWRPXPYP dty ZaP] OP ZY_bTVVPWTYR T^ RP^[]ZVPY& AQQTNTPPW azz]zap]wpr SPPQ_ ZY^ TYdTPY^ YTP_ [WLL_^RPaZYOPY$ PPY azz]zy_bp][mp^_pxxtyr^[wly T^ MTUaZZ]MPPWO YTP_ LLY ZY^ azz]rpwpro& AYdP TY^_PXXTYR XP_ OP ap]vzz[ aly ZY^ PTRPYOZX MTYYPY SP_ [WLYRPMTPO ^_LL_ WZ^ aly OPdP MP^_PXXTYR^[WLY[]ZNPO`]P& ;Y OP MP^_PXXTYR^[WLY[]ZNPO`]P OTPYPY ZYdP MPWLYRPY PY OP MPWLYRPY aly OP]OPY Z[ ZY^ R]ZYORPMTPO "MPbZYP]^'MPO]TUaPY#$ OTP MTYYPY OP TYaWZPO^QPP] aly OPdP ZY_bTVVPWTYR WTRRPY$ Z[ PPY dz]ra`wotrp btudp MPZZ]OPPWO PY LQRPbZRPY _P bz]opy&.ih@fmkca HTU ap]dzpvpy ` ZX SP_ MP^_PXXTYR^[WLY Z[ OP STP]MZaPY RPYZPXOP [`Y_PY LLY _P [L^^PY PY'ZQ _P azz]dtpy aly RZPOP XZ_TaL_TP bll]`t_ MWTUV_ Z[ bpwvp btudp XP_ ZYdP MPWLYRPY T^ ZXRPRLLY& :PM_ ` YZR a]lrpy ZaP] OPdP M]TPQ3 @PPX OLY NZY_LN_ Z[ XP_ ZY^ =WLY_ 6ZY_LN_ 6PY_]`X$ _PWPQZZYY`XXP] (,1+%,1,000&?P_ SP_ dllvy`xxp] DA?'*()/'(+/-1- MTU OP SLYO V`YYPY btu ` MP_P] aly OTPY^_ dtuy& 5`]RPXPP^_P] PY bkz`op]^ aly OP ^PN]P_L]T^$ K OP DZXe]PY$ M`]RLXPP K9&'aLY >PP`bPY 4&B&?& GPW_XLY
Y]&2 98?88@E8 4DE8@ TYRPVZXPY # ) 78< $"#) 4TO$ ; IKL75 BO! ')J8,2 $+" 9IBDD %&& 9IJL,7/ 6 ##!#) 40 7AL:316,&+6 BZ^_LO]P^ 7JMN>OM $*" 82DJ,. 8JH@L@I