PDF File4NVXX E= IXIRQNOZSXNJ60I\D[#LIMRJXGN=
º IRºOJGNMKOIHIU I\GVHNHOVOH)N=XHZ<LM[]VDJ:Z GK>NMKQGVI\J60I\D[#LIMRJXGN=JVUTE= IXIRQNYNHDI UGKWNUKJ6$IXIRQN 4NH=IQ NN IXQV= N@ NU=RD>NMKQGV8Q]NVDGKOZSKOIHIUOVIQXNDG UG HN8J FWVUG XGQWHNGMNGML]N,UGKWNOGUKJ6
YN:X \NE=X IXIRQN 4NH=IH\XVGKIUI)N ROH
YN:X \NE=XIXIRQN 4NH= WHN GMNXV GKIUI)NROH
IXIRQN NT<G@ NMNVJM MNI N RD L]NVOVIOD[ 4KO WHN GMNXV GK IUI)N@OH RD UGXKGK IF0 >NNV\XV GK IUI)N R OH U)NN GNN=\GNXNH
YN:X \NE=X IR5UK IF0 >NNV\XVGKIUI)NR OH
IQXNDG
IQXNDG QNVLJMFWV
/)NNX GNN=\ PLMIW/9NM@ OJGNMK OIHIUND@-K[D[NX[M
IQXNDG
OH QNVLJM FWV
IGOK+NKIXIRQNGNVIFXNGNMNFUNVIXM/UGMXVGNYINGNMIXIRQNGHV9K GNV JNV[N$ IXIRQN OV O(FI8NU IRRMN RVFONE9 VSSSUDMQLFLQ RD KWWSHSURFUDMDVWKDQJRYLQ LMPL\&NJ6$
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IXIRQNYNHD N
IXIRQNL]N)N=XNL GKGL]IUEOIXIRQNL]L GVON)NOD\;XJ6$IXIRQN+NMXVOVLZR=
GCLNOD\;XIXQV=tNNVDRD IXFDNX NUNV=GNY31KUMJOVYXGM\VD$OD\;XL]N)N=XNL GNV
IXIRQNQNUN`NMN/L9LOV+NMGMU)NNL]5VGLC%LMYLXVNYINGCUL]IUIXINGVJ/UN^NM
GMGV\N69NNWNXNSNIJRJIXIRQNL]L YLXVLNOMVGN0=GVI\M>NXNSNIJ$
IXIRQN>NNV\XV#L]N,UGMXVGKIUI)NGNVYRGNtNJNVWNXVGKI/)NIUHVD IXIRQNVD IXNN=IMU
IUI)NGVY[\VGN=IQROGNVIXNN=IMUOHNXTONML]N,UGKWNRVD[K#>NNV\KWNRVD[K$
Y[MGNVE= IXIRQN IXNN=IMUOHRDUNMK>NGVL SNUaL]N,UJTE=UNVPOLM IRSNMXJKD
IGNWNRV[NRDFNXNMNItNI0HN00N4a9#F6DGMS6G#XGQMNI NGVLHVD IXIRQNL]N)N=XN
L GVON)NOD\;XXJKDJNV[KUNVPOIXIRQNLM+NK IRSNMXJKD IGNWNRV[N$FNXNMNItNHN
I0HN00N,9#XGQMNI NGVLHVDJK/RKGN=JNV[K$
IWOG] IRG]OJGNMKOIHIU#G]GV8Q]GV I\ IXIRQN L]/UTUGKWN MJK J6@ PO
GV8Q]GVIXIRQNQNUN`NMNLGVXNX 8ZI0I N\/9N(LLVLMLMEOYN NGNU/QKG
NTQNJ<48NNHNIXNN=IMUL]NLHVDIXIRQNGVON)NL]/UTUGMV[NIGIXIRQNQNUN`NMNL]/UTUJ<4XNHN
HVYDIGUOZSXNOJKJ6$ODFDINUOIHIU2R/)NNLGO5NLXGMXVOVLZR=J<4XNHNHVDYDIGULUV
GNO5NLXGM\VD$
OIHIU GNV YLXV IRRVG OV IXIRQNYNVD GK L]NI,U IUI)N U GMXV # LIMRU=X GMXV GN
YINGNMJNV[N$IXIRQN4NH=DO(FI8NUG]IRG]OJGNMKOIHIUNVDOV WHNGMRNGM
L]N,UGM OGUVJ6RDMNW460GKFVFONE=9ZZZUDMIHGJRYLQ RDMN7OMGNMGKFVFONE=9
KWWSVSSSUDMQLFLQ OV +NK IXIRQN L]L 0NPX\NV0 GM OGUV J6$ 0NPX\NV0 RN\V 4NH= HVD
IXIRQNL]/UTUGMXVLMIXIRQNL]L GVON)N4NH=GKGKHU WHNGMNOGUVJ6$L]N,U
IXIRQNVDIXNN=IMUGN=G]HYXTONMPLI/)NUIXIRQNQNUNYNVDGVOH^NODFDINUPLMIW/9NMGNN=\NVD
HVD>NNV\KWNRV[K$IXIRQNL HVDQK[E=L]NN\KRD NUNV=GVYIUIM'UIGOKY8L]GNMOVQK[E=
NUV=HN8XJKDJNV[K$

IXIRQN GV ON)N IXNN=IMU FNXN MNI N LIMRJX GN= GV I\ H0K ^NV GV GV8Q] JVUT # Y>NMVG\N>NDR[NVNH0K#[]NHKN^NV GVGV8Q]JVUT# Y>NMV L3SKOJWNM RDJ60I\D[GN= GV I\H0K^NV GVGV8Q]JVUT# Y>NMVG \N>NDR[NVNH0K#[]NHKN^NV GVGV8Q]JVUT# Y>NMVL3SKOJWNM L]IUOIHIU GKQMOVI0HN00N,9#F6GMS6G#XGQMNI NGVLHVDODFDINUG]IRG]OJGNMKOIHIUGV L^NHVDWHNGMNXKYNR GJ6IWOLMIXIRQNGVON)NIXNN=IMUFNXNMNI NL]N,UXJKDJNV[KPO LMIRSNMXJKDIGNWNRV[N$
O4\IXIRQNQNUNGNVFNXNMNItNGVY\NRNLIMRJXGN=GVI\NMNVJMMNItNGV L HVD H0K ^NV GV GV8Q] JVUT # Y>NMV G \N>N L3SKO JWNM DR [NVN H0K#[]NHKN^NV GVGV8Q]JVUT# Y>NMVO68UKOJWNMLN:DSON6 RDJ60I\D[GN= GV I\ H0K ^NV GV GV8Q] JVUT # Y>NMV G \N>N L3SKO JWNM DR [NVN H0K#[]NHKN^NV GVGV8Q]JVUT# Y>NMVO68UKOJWNMLN:DSON6 MNI NL]IUOIHIUGK QMOVI0HN00N,9#F6GMS6G#XGQMNI NGVLHVDODFDINUG]IRG]OJGNMKOIHIUGVL^N HVDWHNGMNXKYNR GJ6 IXIRQNQNUNGVI\IXIRQNL]/UTUGMUVOHJFUNXNYNR GJ6IG'NRJGNGK/RNHK
2NLNM OD/)NN ONV\ L]NVLNE=9MK G8OX=@ YIR+N'U IJ8QZ LIMRNM#+N[KUN ON)N= LN9=XMI NL
4H=@MNW/)NNXOJGNMKOIHIU@+NNMUHVDOD/)NNILUOIHIU@\NVGOHRNLI&\GI\IH9V0G(LXK
J6$GNGK2NLNMGKOZMUHVDHNI\GGNXNH@YIR+N'UIJ8QZLIMRNMGKOZMUHVDGUN=GNXNH@
+N[KUNON)N=GKOZMUHVDO+NK+NN[KQNMNVDGVXNH@LUVRPXGKYD NHN N@OJGNMKOIHIUGKOZMUHVD
OJGNMKOIHIUGVODSN\GH0\GVODSN\GNVDNL]F8NOIHIUGVOQ/NVDGVXNH@G(LXKGK
OZMUHVDODSN\GNVDGVXNHRPXGKYD NHN N@W6ON+NKJNV@FUNXVJNVD[V$
IXIRQN RD IXIRQN ODFDINU Y8 L]L NVD LM J/UN^NM GMXV RN\V 2I'U GV I\ J FUNXN
YNR GJNV[NIGRJIGOYINGNMOVJ/UN^NMGMMJNJ6@NIXGNGK/RNHK2NLNMOD/)NNGV
HNI\G GK J6IOU OV Y)NRN YIR+N'U IJ8QZ LIMRNM GV GUN= GK J6IOU OV Y)NRN G(LXK GV
OISR#L]F8NODSN\GYNIQGKJ6IOUOV@+NN[KQNMKOD/)NNGKOZMUHVDO+NK+NN[KQNMNVDGVJ/UN^NM
JNVXN@+NN[KQNMK0K0GKL]IUOD\;XGMXNYNR GJ6$Y[MJ/UN^NMGUN=IXIRQNY)NRNIXIRQNOV
ODFDINUIGOK+NKQ/UNRVWNIGOKQZOMV2I'U#OD/)NNGVI\J/UN^NMGMUNJ6UNVVOV2I'U
GNVYLXVL^NHVDPISURDIRINRUIXLNIQUIGN[NHT>NUNMXNHNLNRMYN:4Y9N:XKIWOOVIG
Y8O+NK2I'U#OD/)NNIWXGV#IWOGVI\VJ/UN^NMIG[VJ6@YXTFDNOVODFDINUO+NKHNH\NVD
LMLDSIXN=>N0OVFNINUJNVUVJNVD#JNVUKJ6@L]/UTUGMXNJNV[N$IQJ/UN^NMGMXV RN\N2I'U
FNQHVDPISUOHHVDVONHT>NUNMXNHNL]/UTUGMXVHVDYOH)N=MJUNJ6UNVOIHIU IFXNIGOKQZOMV
2RJNIMG@ QKRNXK RD 4N6WQNMK IOIR\ 0 IG]IHX\ HNH\NVD GV PLNV GV L]IUGZ\ L]+NNR OV

YXTFDNGNV IXM/UGMOGUNJ6YN6MJ/UN^NMGMXVRN\VGNV\N[URJMWNXVGV I\P5UMQNK
%JMNOGUNJ6$HT>NUNMXNHN+NN[KQNMOD/)NNGKOZMUHVDO+NK+NN[KQNMNVDOVJ/UN^NIMUJNVXNSNIJ
RDOKIHUQNI5RRN\KG(LXKGKOZMUHVDG(LXKGKONHN8HTQ]NGN:HXOK\YDIGUJNVXK
SNIJ$
WJN:DIXIRQNQNUN+NN[KQNMOD/)NNJ6@POOZMUHVDXN+NN[KQNMOIHIU GKIFXNIGOKLZR=RD
I\I>NU/RKGCIUGV NNIH\XJKDIGNWNRV[N$ OIHIU `NMNXV+NN[KQNMGKGI\I>NU"NNVNNN
LMIWOHVDRJYXTFDNGVIXLNQXRD+NN[KQNMOD/)NN`NMNYXTFDNGVY8U[=UIGV[V"NNVNNNL
GKIUI)NGVLZR= O+NKQNI5RNVDGNV/RKGNMGMXVGNRSXQVUNJ6@+NN[KQNMK/RKGNMGKWNOGUK
J6$
+NN[KQNMKOD/)NNGVIGOK+NN[KQNMGKYXTFDNGVLZN=IXLNQXGVLZR=HC5TY)NRNIXRCUJNVXVLM
OIHIU YLXVIRG<LYN, NXLMYXTFDNIXM/UGMOGUNJ6@RDVOKOZMUHVDYXTFDNGUN=IGOK
+NKL]GNMGK^NIULZIU=GNOIHIUGVIR`QNRVQNMXJKJNV[N$IQGNVE=XN+NN[KQNM4H=HVDI\N
WNUNJ6UNVPOGKOZSXNOIHIUGNVGHNJHVDQVXKJNV[K$
IQYXTFDNW6ON IGG]HOD>NHVD IQN[NJ6@ IXM/UXJKD IGNWNUNJ6UNV +NK IGOK
+NN[KQNMGVYLXKOD/)NNOVOVRNIXRCUJNVXVLM+NKRJPOR'UUGYXTFDNGVY8U[=UOD/)NNOV
HT'UXJKDJNV[NWFUGIGON!VQNMKYINIXHGKNNMNGVY8U[=UQK[E=ONR=WIXGOZSXN
LI&\GXNVI9OGKL]IUMIW/9KMOKQ0NG`NMNMIW/90=LNV/9Y'XNV\VWHVD90Z OIHIU GNV
XJKD+NVWKWNRV[K$
IXIRQN IXNN=IMU4NH= HVD WNV EOGV ON)N OD\;X J6@ L]/UTUGKWNXK SNIJ $ UGXKGK RD
IR5UKIXIRQNVDLC)NG LC)NGE= IXIRQNL]/UTUGKWNXKJNV[K$IR\(FOVL]N,UIXIRQNLMIRSNM
XJKDIGNWNRV[N$
IXIRQN /L9ROJK +NMKWNXKSNIJ$L6I8O\OV +NMK[E= IXIRQNYNVD LM IRSNMXJKD IGN
WNRV[N$IXIRQNHVDGNVE=LIMRU=XYI+NRCI`0K NXXJKDIGVWNXVSNIJ$GNVE=PLMK\V>NXYNVRM
MNE=I9D[ XJKD JNVXK SNIJ$ IQGNVE= OD NNVNX Y)NRN NTI`N: /L9GMXK JNVD UNV RJON4 JNVXK
SNIJU)NNPXLMIXIRQNQNUNGV\"NTJ/UN^NM IGVWNXVSNIJ$IXIRQNQMVDGJK/NJKOV
+NMKWNXKSNIJ$
IXIRQNQNUNYNVDOVYLV NNGKWNUKJ6IGRJGVR\OD\;XIXIRQNL]N)N=XNL LZN=LOV+NMGM
U)NNIXIRQNYN6MYXTFDNGKOH/U NUNV=YN6ML]IUFDNNVDGNVHNXXVGVL]HNNHVDIXIRQNL]N)N=XNL GV
YDUHVD IQV "NNVNNN L LMJ/UN^NMGMGVL]/UTUGMVD[V RD
YLXVLNOJKM>N\VD[V$

L]5VGOIHIURNM Y\[ Y\[LIMRJXRDJ60I\D[GKIXIRQNQMVDQKWNXKSNIJ$
IXIRQNVDODFDINUPLMIW/9NM#OJNGMIW/9NMGNN=\HVD IXNN=IMUOHRDUNMK>NGNV
>NNV\KWNRVD[K$IXIRQNQNUN/RDY)NRNPOGNYINGCUL]IUIXINSNJVUNVPLI/)NUJNVOGUNJ6$
QMVDPISUL]N,UXJNVXVGKI/)NIUHVDYINGCUGHV9KGNVJYINGNMJNV[NIGRJIXIRQNVD
>NNV\XVGVIQXY)NRNY8IGOKIXNN=IMUIUI)NLMQMNVDGVODFDNHVD8ZXUH\ IXIRQNQNUNOV
FNUSKUXV[NVI NV NXGMPISUQMVDL]N,UGMOGUNJ6$VOKFNUSKU
IGOK +NK UMJOIHIUGNV HZ\ QMVD /RKGNMGMXVGVYINGNMOV RDISUXJKGMV[K$ IXIRQNQNUN
IXIRQNHVDYDIGUHZ\QMNVDRDYNLOKFNUSKU`NMNUGK[E=QMVD@WNV+NKGHJNVD@LMGN=GMXV
GNV FN JNV[N$ IXIRQN GHV9K `NMN IXIRQNQNUN GNV ON^NN5GNM RD OH!N6UV GK YNLOK FNUSKU
XV[NVI NV NXJVUTIGOK/)NNXLMI\I>NUOZSXNQVGMFT\NNWNOGUNJ6$EOGVI\IXIRQNQNUN
GNVPLLDWKG#OJNGLDWKGGNN=\LMIFXNIGOKPW]YN&\K[V NXGVRD/RDGV>NSV=
LM YNXN JNV[N$ IQ GNVE= IXIRQNQNUN YNLOK FNUSKU GV I\V IXNN=IMU OH RD /)NNX LM
YXTLI/)NUMJV[NUNV IXIRQNGHV9K`NMN IXIRQNQNUNOVFNUSKUGMIXN=I\NWNRV[NU)NNEO
ODFDNHVDYXTLI/)NUIXIRQNQNUNGKGNVE=YNLI5UIML]VWV89V NXHN8XJKDJNV[K$
IXIRQN/RKGCUGMNXVGVI\IXIRQNQNUNNPOGVL]IUIXINNVDGKYNVMOVOIHIUGVIGOK+NK
YINGNMKY)NRNGH=SNMKOVL]5^NNYL]5^NLJT:DSGMXNNIGOKL]GNMGKIM RU@L]\NV+NXQVXN
NQVXVGNRNQNGMXN@4N6WQNMKQNI5RIG]IHX\\NIF\9KGVYIUIM'UIXIRQNL]/UTUGMXV
GVYNV;HNXNWNRV[N$
IXIRQN/RKGCUGMXNNIXNN=IMU NUNV=HVD1Z9QVXNIXIRQN >NNV\XVGVI\VYINGCUOIHIUGV
YNFNINU/RIRRVG&ONV<Z9I0/G]K NXLMIX+N=MJNV[NU)NNIX(XUHQMGKIXIRQNGNV/RKGNMX
GMXVY)NRNIGOK+NKIXIRQNGNVLZN=RYNDI NGLOV/RKGNMGMXV#MQaQGMXVU)NNPOGVODFDN
HVDGNVE=GNMNQVXVGNGNVE=QNI5RXJKJNV[N$
IXIRQNIXNN=IMUL]L HVDJK/RKGNMGKWNRV[K$
IXIRQNL]N)N=XNL HVDJ6D0I\D[RDLIMRJXGN=GKQMVDQVVXVGNUMKGN
LIMRJXGKQMVDL]IUI'RD9\#L]IUIG\NVHK9MHVD/\VFGVYXTONMQVXKJNV[K$QMVDYDGNVDHVDRD
N&QNVDHVD/L9LOVYDIGUGKWNRV$QMVDL]IUI'RD9\#L]IUIG\NVHK9MY)NRNY/L9QMNVDRN\K
Y)NRNGND91ND9RN\KIXIRQNYNVDGKQMVDIXM/UGKWNRV[K$EOI\IQGNVE=GND91ND9JNVUNVQMVD
LTXI\>NGMYLXVJ/UN^NMOVL]HNINUGMV$

ZIXXQMNVDGKIXIRIQNVDHN8XJKDJNV[K$
<NVFMGKMV9L]IUG9a9NQKWNRV$QMVDYDGNVDHVDRD N&QNVDHVD/L9LOVYDIGUGKWNRV$
Y/L9QMNVDRN\KY)NRNGND91ND9RN\KIXIRQNYNVDGKQMVDIXM/UGKWNOGUKJ6$EOI\IQ
GNVE=GND91DN9JNVUNVQMVDLTXI\>NGMYLXVJ/UN^NMOVL]HNINUGMV$
YXTFDNIQGNVE=Y8UUEOIXIRQNOVJNVUNVRJIXIRQNGVYNHD NL @ NUNV=RDL]IUFDNNVDOV
L]IUGZ\XJKDJ6@GVYXTONMIRIXIHUJNV[N$
IQGNVE=IXIRQNQNUNOHLMPLI/)NUXJKDJNVUNJ6UNVPOGKYXTLI/)NIUHVDIXIRQN>NNV\QK
WNRV[KIWOGVI\FNQHVDPXGV`NMNIQ[IGOKL]GNMGVIML]VWV89VtNX#YNRVQXLMIRSNMXJKD
IGN WNRV[N$ IXIRQNVD >NNV\XV GV FNQ PISU QM XJKD YNUK J6 UNV 8ZXUH QM \ RN\K
IXIRQNQNUNOVYNLOKFNUSKUGMQMVDGHGMNKWNOGV[K$EOGVI\IXIRQNQNUNYNVDGNVYLXV
/RDGV>NSV=LMO(FI8NUPLMIW/9NM@OJGNMKOIHIUN:D@GNN=\HVDPLI/)NUJNVXNJNV[N$
LIMRJXGUN=#J60I\D[GVIF\NVDOVIXNN=IMUQMLMIXHNXTONM9K0KOYNGMGKG9N6UK
GKWNRV[K$
IXIRQNQNUNGNV IX(XNXTONMUGXKGK#IR5UKIF0JVUTQ/UNRVWYNRtGLOVIXIRQNGV
ON)NL]/UTUGMXVJNVD[V
LIMRJX#J60I\D[GN= GNGRN=GVYXT+NRGNL]HNNL $
LVXGN0=GKO5NILUL]IUI\ILOD\;XGKWNRV$
GVXN:X7ZI0IO\/9N(LLVLMLMIXNN=IMUL]L YXTONM"NNVNNNL
&\VGI\/9V0FNFU"NNVNNNL L]L YXTONM$
NV;UNO(F8NK"NNVNNNL L]L FKYXTONM$
IQLIMRJXGUN=#J60I\D[WV89LN9=XMItNL4H=J6UNVMIW/9NMYN:44H=O
HVDMIW/9VtNXGVL]HNNL GKO5NILUL]IUI\IL$
FNXN MNI NH0K^NV GVGV8Q]JVUT# Y>NMVG\N>NDR[NVN
H0K#[]NHKN^NV GVGV8Q]JVUT# Y>NMVL3SKOJWNM RDJ60I\D[GN= GV
I\H0K^NV GVGV8Q]JVUT# Y>NMVG\N>NDR[NVNH0K#[]NHKN
^NV GVGV8Q]JVUT# Y>NMVL3SKOJWNM L]IUOIHIU#GV8Q] GVI0HN00N4a9
#F6GMS6G#XGQWHNGKMOKQGK/GVXL]IU$

IXIRQNL]NVOVIOD[4KOMNI N GNI0HN00N4a90'5,6/3D\DEOHDW
-DLSXU GVXNHOVQV0N4a9 GK/GVXL]IU$
J60I\D[RDLIMRJXGKL]/UNIRUQMGNIRRMN$
HN\GKSDT[K#9NV\96'O#FJUKYNIQGNLZN=>NS=LIMRJXGUN=`NMNRJXIGNWNRV[N$

O(FI8NUHD0KDHVDOIHIU `NMNOH)N=8NHZ<LM[]VDJZ: GK>NMKQ@+NNMUK>NN_IX[HGVI\V
Y)NRN +NNMU#MN7 OMGNM `NMN IXQV=I NU IGOK Y8 OD/)NN GV I\V OH)N=X HZ< NVWXN8U[=U
J6D0I\D[#9N:OLNV9V= NXGNNV=GVI\VIQ NN IXQV= NRD NUV=IX(XNXTONMFNGNMKJNV[K
N&QOIHIUAOVYN NG] IRG]OJGNMKOIHIUOVJ6$
º IRG]OJGNMKOIHIU@HD0KOIHIU@HD0KN0=G]GV8Q]@PLGV8Q]OVYN NVOV/)NNXOV
J6WJN:DLMOIHIU `NMNGCINIW8ONVDGK>NMKQGKWNRV[K$
N&QAIXIRQNQNUNGNYN NJ6D0I\D[#LIMRJXWV89%VGVQNMY)NRNPOGVL]IUIXIN Y)NRN
YXTFDNL LMJ/UN^NMGUN=OVJ6$
N&Q YXTFDINUQMNVDOVYN NOIHIU`NMNJ6D0I\D[#LIMRJXWV89GK/RKGCU QMNVDOV
J6$
N&Q GN= YN:LMV NX GN YN N EOYXTFDN HVD RIN=U VOV O+NK OJNG@YIUIM'U L]NDONI[G
GNNV=@OVRNYNVDYN6MVOVGNNV=OVJ6WNVIG OH OHLMOIHIU `NMN IXQV=I NUIGVWNV$
N&Q YXTFDNGNYN NIXIRQNGVYNHD NL IXIRQNL]L GVON)NWNMK IQ NN IXQV= N@ NUNV=
@I N0Z\RD/RKGCUQMNVDGVWNMKIXTI'UL OVJ6$
N&Q +N0NM [CJ OV YN N GV8Q]K +N0NM 2R/)NN IX[H#MNW/)NNX MN7 +N0NM 2R/)NN IX[H GV +N0NM#+NNMUK >NN_ IX[H#OIHIU#HD0KN0=#OIHIU `NMN /RD GV N IGMNVLMI\V [V[NVQNHOVJ6IWOGNPLNV[GCINIW8ONVDGV +N0NMNGVI\V IGNWNV[N$
J6D0I\D[#LIMRJXWV89`NMN IXIRQNHVDRIN=UO+NKGNNV=RDWJN:DGJKDYNR GJNV
Y8O+NKOJNG@YIUIM'URDL]NDONI[GGNNV=WNV IGYXTFDNGV IQ NN IXQV= NNVDRD
NUNV=RD NUNV=GVL]IUGZ\XJKDJ6WNVOIHIU `NMNIXQV=I NUJNV@GNVIXLNIQUGMXNJ6$
IXIRQN YRIN HVD G] IRG] OJGNMK OIHIU@ HD0KN0=@ G]GV8Q] Y)NRN RJ SIXU
/)NNXWJN:DGCINIW8ONVDGK>NMKQGKWNV[K@G]GV8Q]JKHNXVWNVD[V$
YXTFDNGVL^NGNMJ6D0I\D[#LIMRJXWV89RDOIHIUY)NRNPOGVI\Y8GNVE=+NK
L]NINGCUYINGNMKJNVD[V$
IGOK2I'U#OD/)NNGVI\VYXTFDNHVDJ/UN^NMGMXVRN\VQZOMV2I'UGNVYXTFDNGV
YNKXLZN=UP5UMQNKHNXNWNV[N$IQJLNN[N IGODFDINU 2I'UVONGNVE=YINGNM
XJKDM>NUNJ6UNVOIHIUGNVJYINGNMJNV[NIGIFXNIGOKQKRNXKRD46NWQNMK

HNH\VDGVYXTFDNGNV IXM/UGMOGUNJ6YN6MJ/UN^NMGMXV RN\VGNV\N[URJMWNXVGV I\V
P5UMQNK%JMNOGUNJ6$
YXTFDN GV YNKX IGOK +NK L]GNMGN L 2RJNM Y)NRN XNVI9O YNIQ OIHIU R
J6D0I\D[RDLIMRJXWV89Y)NRNPXGKL]NINGCUL]IUIXINNVDGV`NMNJKIGN#IQNWNRV[N$
J60I\D[#LIMRJXGN=
J60I\D[#LIMRJXWV89GVYINGNMNVDGKOKHNOIHIU `NMNGCIN IW8ONVDGK>NMKQGV
UTM8UFNQHD0KODFDINUJ6D0I\D[GNNV= RD LIMRJXODFDINUGNNV=GKJNV[KY8 IGOKGN=GNV
GMXVGNYINGNMJ6D0I\D[RDLIMRJXWV89GNVUFUGXJKDJNV[NWFUGIGY\[OVPO
GN=GNVGMXVGVI\IXQV=I NUXGMIQNWNRV$
OF\6I9D[
J6D0I\D[ # LIMRJX WV89 EO YXTFDN GV IGOK +NK +NN[ GNV OF\69 RD J/UN8UMN@
YI+NJ/UNDGXYONE=XXJKGMV[N$J6D0I\D[RDLIMRJXWV89GV`NMNEO NU=GVP<\D"NXGMXV
LMOIR=OWV89GKIXTI'UIXM/UGMQKWNRV[K$
GN=GNLIMNNHRN<ZHYN:4RG=
OIHIU J6D0I\D[#LIMRJXGVGN=GN\HVDY)NRNIGOKOHIR NVNHVDGN=GKIXI SU
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