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`!EI>GJA!L?FI?!GI!H;<;>;?=GFI>!=>H!?;M=GFK;M:!=DA;>G!HB?F>G;?K=M!IC!H;<;>;?=GFI>W!!%I?;IK;?3!GJ;!>BED;?!IC!EF@?IGJA!Y=A!LIAFGFK;M:!@I??;M=G;H!YFGJ!GJ;!>BED;?!IC!*;Y:!DIH:7MFT;!F>@MBAFI>A!F>!GJ;!ABDAG=>GF=!>FA!HI@BE;>G;H!F>!JBE=>!&5!GFAAB;W!!!+!>;]G!F>K;AGF<=G;H!GJ;!G;ELI?=M!L?ICFM;!IC!F>CM=EE=GI?:!@:GITF>;!;]L?;AAFI>!F>!@;?;D?IALF>=M!CMBFH!=>H!LM=AE=!F>!GJ;!@I>G;]G!IC!>=aK;!=FE=MA!=>H!F>!&667F>Z;@G;H!=>FE=MAW!+>!GJ;!@I>G;]G!IC!>I?E=M!=<3!GBEI?!>;@?IAFA!C=@GI?!U",6V!=>H!T;?=GF>I@:G;!@J;EI=GG?=@G=>G!U82b4('V!Y;?;!AF<>FCF@=>GM:!F>@?;=A;H!F>!=<;H!=>FE=MA!@IEL=?;H!GI!:IB>H!:IB><7=HBMG!=>FE=MAW!!+>!GJ;!A:>B@M;F>IL=GJ:!@IJI?G!YJ;>![7A:>!DB?H;>!F>!GJ;!-,!FA!FCF@=>G!@I??;M=GFI>A!D;GY;;>!>BED;?!IC!>F!F>@MBAFI>A!=>H!2-6!M;K;MA!IC!F>G;?C;?I>7<=EE=!U+6,7cV!Y;?;!IDA;?K;HW!!)G!d!EI>GJA!+!@I>GF>B;H!GI!IDA;?K;!@I??;M=GFI>A!D;GY;;>![7A:>!DB?H;>!=>H!2-6!+6,7c!=>H!",63!=>H!AF<>FCF@=>GM:!;M;K=G;H!F>G;?M;BTF>7^!F>!&66!=>FE=MA!@IEL=?;H!GI!@I>G?IMAW!!5B?F>G;?K=M!IC!H;<;>;?=GFI>3!AF<>FCF@=>GM:!F>@?;=A;H!M;K;MA!IC!F>G;?M;BTF>7e!U+*7eV3!T;?=GF>I@:G;!@J;EI=GG?=@G=>G!U82b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gV!YJI!L?IKFH;H!EI?=M! ABLLI?G!Uf*2\!&%)V!=>H!?;EF>H;H !E;!IC!GJ;!DF<<;?!LF@GB?;!YJ;>!GJF>H! FELIAG;?!A:>H?IE;!D;@=E;!=!>I?EW! %:!CF=>@h!f;>A3!YJI!J=A! MIK;H!=>H!ABLLI?G;H!E;! F>!EI?;!Y=:A!GJ=>!+!@=>!@IB>G!GJ?IB;:W! !!*=AG!DBG!>IG!M;=AG3! =!AL;@F=M!GJ=>T!:IB! GI!2J?FAGF=>!.=>H=3! "FE!.?=>HG3!fFEE:!2JIF3! fIJ>!#BELJ ?;:A 3!2J?FAGILJ;?!%=:@I@T3!-=?=!(F<<=?;3!+A?=;M!(IDM;HI3!)MM:AI>! -J;MG?IY>3!8?FAGF>!.=?? 7-EFGJ3!.;>Z=EF>!-G;@J;?3! f=AEF>;!-GB??!=>H! %=?GF>!"=:MI? W!0IB ?!YFMMF><>;AA!GI! IL;>M:! HFA@BAA!GJ;!H=FM:!BLA!=>H! HIY>A!IC!MFKF>HMFM:gj!H;D=G;!=DIBG!=MM!GJF>@;3!=>H!CF;?@;!H;G;?EF>=GFI>!GI!E=T;!=!HFCC;?;>@;!GJ?IBI!G;]GDIIT!I?!;]L;?FE;>G!;K;?!@IBMHW!)A!'MFK;?!-=@TA!A=FH3!k'B?!L=GF;>GA!=?;!IB?!G;=@J;?AWl!"J=>T!:IB!CI?!>IG!I>M:! D;F>H!C?F;>HA3!DBG!CI?!3!I>;!@J=LG;?!J=A!D;;>!LBDMFAJ;H3!I>;!@J=LG;?!FA!@B??;>GM:!B>H;?!?;KF;Y!=>H!I>;!@J=LG;?!FA!F>!L?;L=?=GFI>!CI?!ABDEFAAFI>!F>!)BH;?!?;KF;Y!CI?!F>@MBAFI>!F>!)*+",-&*.$-"$/&0*+.1-&"1&!m!/&0*+#&2&"&*!,-+"!B>H;?!GJ;!?;A;=?@J!GILF@!k"J;!&?IG;F>!)MLJ=7-:>B@M;F>\!+GA!,I?E=M! (IM;!UF>!,;B?I>AV!=>H!FGA!(IM;!F>!5FA;=A;Wl!2J=LG;?!`!Y=A!LBDMFAJ;H!F>!3+0*"!'$+4$/&0*+-"4'!55!,-+"!F>!%=:!PQRSW!!2J=LG;?!d!FA!D;F>!F>!)B?"@#"A@!B?@97@9!.9"9:7C!&"$:#DEF$?#" !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;!H?@$#:I GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!J!5C?"?F7C!=:9@9"$7$?#" !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!K!%IGI?!-:ELGIEA !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!`!,I>7EIGI?!A:ELGIEA !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!`!49E:#87$6#C#LI !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!M!,;B?I=>=GIE: !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!d!*;Y:!&=GJIMI<: !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!^!&=GG;?>A!=>H!AG=;?=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!o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`!)< !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R`!&"QC7NN7$?#" !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;M!%F@?I>=G;!(;ALI>A; !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R^!%=ZI? 7#FAGI@IEL=GFDFMFG:!@IELM;];A\!D?FH!F>>=G;!=>H!=H=LGFK;! ?;ALI>A;A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Ro!+>CM=EE=GI?:!2:GITF>;A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!PR!.78!&"!1"#TC9DL9?"@#"A@! B?@97@9!GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!KM!+P@$:7F$ !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!KZ!&"$:#DEF$?#" !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!K[!=7:>?"@#"A@!B?@97@9 !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!KO!)MLJ= 7A:>B@M;F>!U[ 7A:>V!$]L?;AAFI>!=>H!*I@=MFX=GFI>!F>!+HFIL=GJF@!=>H!-,2) 7MF>T;H! 6=EFMF=M!&5 !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!`S!49E:#?"QC7NN7$?#" !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!M;!/@?"L!$69!\ U@I"!=**!@99D9D!@I"EFC9?"#87$6I!$#!N#D9C!?D?#87$6?F!=B !GGGGGGGGGGGGGG!MJ!!&(!&66 7F>HB@;H!A:>B@M;F>IL=GJ:!F>!GJ;!@I>G;]G!IC!>I?E=M!M;K;MA!IC!;>HI<;>IBA![ 7A:>!WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!dP!5;K;MILE;>G!IC!YFH;AL?;=H!*;Y: 7MFT;!&=GJIMI<: !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!d`!,;B?IF>CM=EE=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!dd!&@!\U@I"!#S9:9]8:9@@?#"!7"7C#L#E@!$#!?D?#87$6?F!=BW !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!MZ!(;MF=>@;!I>!ABL?=LJ:AFIMI!M;K;MA!=>H!M=@T!IC!L?IG?=@G;H!*;Y: 7MFT;! L=GJIMI<:!WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!de!+>CM=EE=GFI>!F>!))p!=>H!*p 7E;HF=G;H!IK;?;]L?;AAFI>!EIH;MA\!MI@=GFI>3!MI@=GFI>3! MI@=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!d^!5#"FCE@?#"@!GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!M^!+==-4B&_ GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!ZJ!0-*-0-45-' !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!Z^!5678$9:!K9!+C867U'I"EFC9?"!&"FCE@?#"@!(:?LL9:!097F$?S9! Y?F:#LC?#@?@!=:?#:!(#!4?L:7C!B9L9"9:7$?#" !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG![Z!+P@$:7F$ !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG![[!&"$:#DEF$?#" !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG![O!Y9$6#D@ !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!^J!)>FE=MA WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!oP!&?;L=?=GFI>!IC! !7A:>!&66A!=>H!p;?FCF@=GFI>!IC!6FD?FM!-FX; !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!oP!+>G?=AG?F=G=M!+>Z;@GFI>A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!o`!+EEB>IJFAGI@J;EFAG?: !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!od!(,)A@IL;!F> 7AFGB!#:D?FHFX=GFI>!CI?!+D= 7R!=>H!%#2 7++!+#2!WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!oe!qB=>GFCF@=GFI>!IC!"#3!,;B,3!L-:>!=>H!%#2 7++!FEEB>I?;=@GFK;!L?ICFM;A !WWWWWWWWWWWWWWWWW!o^!%F@?I=M:AFA !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!oo!"JFICM=KF >7-!-G=F>F>< !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!oS!&?IG;F>=A; 78!5F<;AGFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!oS!-G=GFAGF@A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!oS!09@EC$@ !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!^`![7A:>!F>@MBAFI>A!F>!GJ;!-,@!;]JFDFG!IMFCI?E=GFI>A!=>H!*;Y:! DIH:7MFT;!@J=?=@G;?FAGF@A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!SQ!&66 7F>HB@;H!A:>B@M;F>IL=GJ:!F>HB@;A!AF<>FCF@=>G!DFM=G;?=M!MIAA!IC!-,@!>;B?I>A !WWWW!SR!&JIALJI?:M=G;H![ 7A:>!F>@MBAFI>A!L;=T!F>!GJ;!-,@!=G!P!EI>GJA!=>H!AF<>FCF@=>GM:! H;@?;=A;!F>!>BED;?!HB?F>GJ!F>G;?K=M!IC!-,@!H;<;>;?=GFI> !WWWWWWWWWWWWWWWW!S`!%#2 7++!FEEB>I?;=@GFK;!U%#2 7++F?V!EF@?I@?;=A;!F>!GJ;!-,@!F>!=AAI@F=GFI>!YFGJ! =@@BEBM=GFI>!IC![ 7A:>!F>@MBAFI>3!DBG!=?;!H;@?;=A;H!HB?F>G;?K=M!IC! H;<;>;?=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Sd!L-:>!F>@MBAFI>A!F>!GJ;!-,@!=?;!=AAI@F=G;H!YFGJ!=!?;=@GFK;!EF@?I! GJ;!=HZ=@;>G!-,? !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Se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`a!+==-4B&_ GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;a^!0-*-0-45-' !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;;J!!(!5678$9:!M?"9! %9S9C@!?"!5'*!7"D!=C7@N7 !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;Ja!&"$:#DEF$?#" !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;J;!Y9$6#D@ !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;JM!)>FE=MA WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RPd!4?IBLA\ !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RPd!%;AI-@=M;!%BLMGFLM;]!$*+-)!CI?!+>CM=EE=GI?:!2:GITF>;A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RP^!+EEB>IJFAGI@J;EFAG?:!=>H!-G;?;IMI=M:AFA!F>!GJ;!-,@ !WWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RPo!+EEB>ICMBI?;A@;>@;!F>!GJ;! )BM=?!+>ABM=?!2I?G;] !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RPo!+>@MBAFI>!2?FG;?F=!CI?!$]=EF>=GFI>!IC!+>CM=EE=GI?:!2:GITF>;!*;K;MA !WWWWWWWWWWWWWWWWWWWWW!RPS!-G=GFAGF@A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RPr!09@EC$@ !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;J`!",6!=>H!82b4('!=?;!AF<>FCF@=>GM:!F>@?;=A;H!F>!2-6!YFGJ!=< !WWWWWWWWWWWWWWWWWWWWWWWWW!RPr!2-6!+6, 7c!LIAFGFK;M:!@I??;M=G;A!Y FGJ!L-:>!F>@MBAFI>!MI=H!=G!P!EI>GJA!LWFW3!`!EI>GJA! L?FI?!GI!>F;?=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R`R!)G!d!EI>GJA3!=G!GJ;!I>A;G!IC!H;<;>;?=GFI>3!+* 7^!FA!AF<>FCF@=>GM:!F>@?;=A;H!F>! 2-6! C?IE![ 7A:>!&66 7F>Z;@G;H!?=GA3!",6!=>H!+6, 7c!M;K;MA!LIAFGFK;M:!@I??;M=G;!YFGJ!L-:>! F>@MBAFI>A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R`P!)G!^!EI>GJA3!HB?F>G;?K=M!IC!H;<;>;?=GFI>3!+* 7e3!82b4( '3!=>H!",6!=?;! AF<>FCF@=>GM:!F>@?;=A;H!F>!2-6!C?IE![ 7A:>!&66 7F>Z;@G;H!?=GA !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R`P!)G!^!EI>GJA3!HB?F>G;?K=M!IC!H;<;>;?=GFI>3!+* 7^!FA!AF<>FCF@=>GM:!F>@?;=A;H!F >!LM=AE=!C?IE![ 7A:>!&66 7F>Z;@G;H!?=GA !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R``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s !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R^r!/J=G!FA!GJ;!F>CM=EE=GI?:!AF<>=GB?;!IC!!GJ;!-,@!=>H!-,?!=>H!HI;A! GJ;!?=GFI!IC!L?I 7!GI!=>GF7F>CM=EE=GI?:!AJFCG! IK;?!HFA;=A;!@IB?A;s !WWWWWWWWWWWWWWWWWWWWWWWWWW!RoR!&N87F$!GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;^J!0-*-0-45-' !GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG!;^K!!!!!!(&!*+-"!'6!").*$- !!"=DM;!PWR\!2I>AFH;?=GFI>A!YJ;>!EIH;MF>!?IH;>GA !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!dr!"=DM;!dWR\!2:GITF>;!;]L?;AAFI>!F>!DFICMBFHA!IC!&5!L=GF;>GA !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RP`!"=DM;!dWP\!2-6!2:GITF>;!M;K;MA!=G!P!EI>GJA!LIAG 7F>Z;@GFI>!! ,I!@:GITF>;A!Y;?;!AF<>FCF@=>GM:! F>@?;=A;H!F>!&66!=>FE=MA!@IEL=?;H!GI!&.-!@I>G?IMA!=G!P!EI>GJA!LWF !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R`S!"=DM;!dW`\!2-6!2:GITF>;!M;K;MA!=G!d!EI>GJA!LIAG 7F>Z;@GFI>!! +*7^!Y=A!AF<>FCF@=>GM:!F>@?;=A;H!F>! &66!=>FE=MA!@IEL=?;H!GI!&.-!@I>G?IMA!=G!d!EI>GJA!LWFWW !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RdQ!"=DM;!dWd \!2-6!2:GITF>;!M;K;MA!=G!^!EI>GJA!LIAG 7F>Z;@GFI>!! +*7e3!82b4('3!=>H!",6!Y;?;! AF<>FCF@=>GM:!F>@?;=A;H!F>!&66!=>FE=MA!@IEL=?;H!GI!&.-!@I>G?IMA!=G!d!EI>GJA!LWF !WWWWWWWWWWWWWWWWWW!RdP!"=DM;!dWe\!&M=AE=!@:GITF>;!M;K;MA!=G!^!EI>GJA!LIAG 7F>Z;@GFI>!! +>G;?M;BTF> 7^!FA!AF<>FCF@=>GM:! F>@?;=A;H!F>!&66!@IEL=?;H!GI!&.- 7F>Z;@G;H!=>FE=MAW !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Rdd!!!!(&&!*+-"!'6! 6+41($- !6FH!&=?TF>AI>F=>!D=A=M!<=>;!A:>GJ;AFA!=>H!LJ=?E=@IGJ;?=LF;A W!WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!r!6F=GB?;!IC!&5!;GFIMI<: !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RP!6FCM=EE=GFI>!@ =>!D;!L?IG;@GFK;!I?!J=?ECBM3!H;L;>HF>!GJ;!G:L;!=>H!HB?=GFI>! IC!F>ABMG !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Re!6FH!%#2 7++!L?I@;AAF>GF<;>A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Rr!6FGF=M!F>>=G;!=>H!=H=LGFK;!FEEB>;!?;ALI>A;A!GI!=@@BEBM=GFI>!IC!*;Y:!DIHF;A!F>! &5WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!P`!6F!IC!=MLJ= 7A:>B@M;F>!L=GJIMI<:!=>H!F>CM=EE=GFI>!D;GY;;>!))p 7IK;?;]L?;AAFI>!=>H! [7A:>!L?;CI?E;H!CFD?FM!EIH;MA !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!eQ!6FG=M!5;AF <>!=>H!&66!qB=MFG:!2I>G?IM !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!re!6F!F>@MBAFI>A!F>!GJ;!-,@!;]JFDFG!IMFH!CFD?FMM=?:!@I>CI?E=GFI>A!=>H!*;Y:! DIH:7MFT;!@J=?=@G;?FAGF@A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!ro!6F!&66 7A;;H;H!A:>B@M;F>IL=GJ:!F>HB@;A!L?IG?=@G;H3!AF<>FCF@=>G!DFM=G;?=M!MIAA!IC! -,@!HIL=EF>;!>;B?I>A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!rr!6FGF<;> 7L?;A;>GF>I?;=@GFK;!U%#2 7++F?V!EF@?I@?;=A;!F>!GJ;!-,@! F>!=AAI@F=GFI>!YFGJ!L;=T!=@@BEBM=GFI>!IC![ 7A:>!F>@MBAFI>A3!DBG!=?;!MFEFG;H!HB?F>G;?K=M!IC! H;<;>;?=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RQR!6F!F>@MBAFI> 7D;=?F>;B?I>A!F>!GJ;!-,@ !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RQ`!6F!F>@MBAFI>A!F>!GJ;!=BM=?! F>ABM=?!@I?G;] !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RQe!6FFM=G;?=M!F>G?=AG?F=G=M!F>Z;@GFI>!IC![ 7A:>!&66A3!DBG!>IG!(-)!I?!&.-3!F>HB@;A!DFM=G;?=M! @I?GF@=M!=>H!B>FM=G;?=M!-,@!*;Y: 7DIH:!MFT;!F>@MBAFI>A!IC!LJIALJI?:M=G;H![ 7A:>!UL-:>V !WWWWWWWWWWW!RQS!6FFM=G;?=M!F>G?=AG?F=G=M!F>Z;@GFI>!IC![ 7A:>!&66A!F>HB@;A!YFH;AL?;=H!=@@BEBM=GFI>!IC! *;Y: 7DIH:!MFT;!F>@MBAFI>A!IC!LJIALJI?:M=G;H![ 7A:>!UL-:>V !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RQr!6FGF<;> 7L?;A;>GF>IG!=AAI@F=G;H!YFGJ!L;=T!IC!F>G?=>;B?I>=M! F>@MBAFI>A!IC!L-:>!F>!GJ;!AG?F=GBE !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RRQ!6FH!82b4('!=?;!AF<>FCF@=>GM:!F>@?;=A;H!YFGJ!>I?E=M!=< !WWWWWWWWWWWWWWWWWWWWWWWWWW!R`e!6F!F>@MBAFI>A!=>H!"#!>;B?I>!MIAA!F>!GJ;!-, !WWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R`o!6F!2-6!FA!=AAI@F=G;H!YFGJ!L-:>!F>@MBAFI>!MI=H!=G!P!EI>GJA!LWFW3!L?FI?!GI!>F;?=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!R`r!6FFCF@=>GM:!F>@?;=A;H!=>H!+6, 7c!=>H!",6!F>!2-6!=?;!=AAI@F=G;H!YFGJ!L-:>! F>@MBAFI>!MI=H!=G!d!EI>GJA!LWFW3!L?FI?!GI!>F;?=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!RdR!6FH!",6!=?;!AF<>FCF@=>GM:!F>@?;=A;H!F>!2-6!HB?F>G;?K=M!IC! H;<;>;?=GFI> !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Rd`!6F!IC!L-:>!=<BED;?!F>!&66!F>Z;@G;H!=>FE=MA!BA;H!CI?!=>=M:A;A! F>@MBAFI>A !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Rdr!!(&&&!6FH!82b4('!=?;!>IG!AF<>FCF@=>GM:!@I??;M=G;H!GI!-,! L-:> 7F?!@;MMA!=G!P!EI>GJAW !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!ReQ!6FH!82b4('!=?;!>IG!AF<>FCF@=>GM:!@I??;M=G;H!GI!-,! L-:> 7F?!@;MMA!=G!d!EI>GJAW !WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!ReR!6F;A!@I??;M=G;H!AF<>FCF@=>GM:!YFGJ!E=<>FGBH;!IC!>F;?=GFI> W!ReP!6F;A!@I??;M=G;H!AF<>FCF@=>GM:!YFGJ!E=<>FGBH;!IC!>F;?=GFI> WWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW!Re`!6FHF>; !))p!)H;>I=AAI@F=G;H! KF?BA !)5)% !)DAIMBG;!5;KF=GFI>!)?IB>H!GJ;!%;HF=> !),'p) !)>=M:AFA!IC!p=?F=>@; !)&2!)>GF<;> 7L?;A;>GF>!)MLJ= 7A:>B@M;F> !...!.MIIH 7D?=F>!D=??F;? !.2. !.MIIH 72-6!D=??F;? !25d!2MBAG;?!IC!HFCC;?;>GF=GFI>!d !25^S!2MBAG;?!IC!HFCC;?;>GF=GFI>!^S !25S!2MBAG;?!IC!HFCC;?;>GF=GFI>!S !2*+&!2M=AA!++ 7=AAI@F=G;H!F>K=?F=>G!@J=F>!L;LGFH; !2,-!2;>G?=M!>;?KIBA!A:AG;E !2-6 !2;?;D?IALF>=M!CMBFH !2v2*R !@J;EITF>;!MF<=>H!R !5R!5IL=EF>;!?;@;LGI?!R !5P!5IL=EF>;!?;@;LGI?!P !5)!5IL=EF>; !5);?;? !5)" !5IL=EF>;!G?=>ALI?G;? !!('!5f7R!&?IG;F>!H;:M=M=>F>; !5'&)2 !`3d75FJ:H?I]:LJ;>:M=@;GF@!=@FH !5&.- !5BMD;@@IwA!LJIALJ=G;!DBCC;?;H!A=MF>; !$(!$>HILM=AEF@!?;GF@BMBE !4)&5# !4M:@;?=MH;J:H;!` 7LJIALJ=G;!H;J:H?I<;>=A; !4&; !4MIDBA!L=MMFHBA!;]G;?>= !4&F !4MIDBA!L=MMFHBA!F>G;?>= !4/)- !4;>IE; 7YFH;!=AAI@F=GFI>!AGBH: !#*)75(!#BE=>!*;BTI@:G;!=>GF<;>! 7!=>GF<;>!5!?;M=G;H !+D=7R!+I>FX;H!@=M@FBE!DF>HF>ICMBI?;A@;>@; !+6,7!!+>G;?C;?I>!<=EE= !+#2!+EEB>IJFAGI@J;EFAG?: !+*7RQ!+>G;?M;BTF> 7RQ!+*7R`!F>G;?M;BTF> 7R`!+*7Rt!+>G;?M;BTF> 7R!D;G=!+*7d!+>G;?M;BTF> 7d!+*7e!+>G;?M;BTF> 7e!+*7^!+>G;?M;BTF> 7^!f)8!f=>BA!TF>=A; !82b4(' !8;?=GF>I@:G;!@J;EI=GG?=@G=>G !('&!*75'&)*;K=HIL=!*.!*;Y:!DIH:!*,!*;Y:!>;B?FG;!*((8P!*;B@F>;!?F@J!?;L;=G!TF>=A;!P!*p!*;>GFKF?BA!%)'7.!%I>I=EF>;!I]FH=A;!.!%#27+!%=ZI?!JFAGI@IEL=GFDFMFG:!@IELM;]7R!%#27++!%=ZI?!JFAGI@IEL=GFDFMFG:!@IELM;]7P!EM!%FMMFMFG;?!%&"&!R7E;GJ:M7d7LJ;>:M7R3P3`3^7G;G?=J:H?IL:?FHF>;E(,)!%:5SS!%;AA;><;?!?FDI>B@M;F@!=@FH!%:;MIFH!HFCC;?;>GF=GFI>!L?FE=?:!?;ALI>A;!SS ,)5&#!,F@IGF>=EFH;!=H;>F>;!HF>B@M;IGFH;!LJIALJ=G;!,;B,!,;B?I>=M!,B@M;F!,6x.!,B@M;=?!C=@GI?!T=LL=7D!LWFW&IAG7F>Z;@GFI>!L^P!,B@M;ILI?F>!L^P!&)%&!&=GJI<;>!=AAI@F=G;H!EIM;@BM=?!L=GG;?>!&)(8P!4;>;!;>@IHF>!&)(8o!4;>;!;>@IHF>;!&5!&=?TF>AI>wA!HFA;=A;!!('&&!&$"!&IAFG?I>!;EFAAFI>!GIEIB@M;F>!L?;CI?E;H!CFD?FMA !LHB@;H! LBG=GFK;!TF>=A;!R !&?I7T!&?IG;F>=A; 78!L-:> !)MLJ= 7A:>B@M;F>!LJIALJI?:M=G;H!=G!-;?F>;!RPr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wA!5FA;=A;!(=GF>G?IM=G;?=M!AG?F=GBE!p%)"!p;AF@BM=?!EI>I=EF>;!G?=>ALI?G;?!/"!/FMHG:L;!y?"@#"A@!B?@97@9!.9"9:7C!&"$:#DEF$?#"!!"!H?@$#:I !!&=?TF>AI>9A!HFA;=A;!U&5V! Y=A!CF?AG!H;A@?FD;H!=A! 6!*!'7.-.$!2-,!". !D:!5?W! f=E;A! &=?TF>AI>!F>!JFA!RSRo!LBDMF@=GFI>! 8..!7$+"$,9&$:9!;-"2$HE=?T!LBDMF@=GFI>! Y=A$D=A;H!I>!JFA!@MF>F@=M!=AA;AAE;>G!IC!GJ?;;!L=GF;>GA3!=A!Y;MM!=A!GJ?;;!F>HFKFHB=MA! YJF@J!J;!IDA;?K;H!I>!GJ;!AG?;;GW!#;!H;CF>;H!GJ;!A:ELGIEA!J;!IDA;?K;H!YFGJ! H;A@ ?FLGFI>A!EB@J!MFT;!GJIA;!BA;H!GIH=:\!k -"=+'0",!*7$,*&50'+0.$5+,-+">$%-,9$'&..&"&#$ 50.10'!*$6+%&*>$-"$6!*,.$"+,$-"$!1,-+"$!"#$&=&"$%9&"$.066+*,&#?$%-,9$!$6*+6&".-,7$,+$ @&"#$,9&$,*0";$4+*%!*#>$!"#$,+$6!..$4*+5$!$%!';-"2$,+$!$*0""-"2$6!1&A$,9&$.&".&.$!"#$ -",&''&1,$@&-"2$0"-"B0*&# l!iRjW!!"J;A;!I?F=M!IDA;?K=GFI>A!Y;?;!;]L=>H;H!BLI>!=>H! ?;CF>;H!D:!f;=>!%=?GF>!2J=?@IG3!YJI!=FH;H!F>!HFAGF>AI>F=>!?;AGF>HB@;H!D:!IGJ;?!HFA;=A;A!F>@MBHF>H!=M@IJIMFAE3! H;A@? FD;H!GJ;!CIB?!L?FE=?:!EIGI?!A:ELGIEA!BA;H!CI?!@MF>F@=M!HF=<>IAFA3!=>H!H;A@?FD;H!F>! H;G=FM!GJ;!J;G;?I<;>;IBA!A:ELGIEIMI<:!=>H!L?IAFHFIBA!>=GB?;!IC!GJ;! HFA;=A;! iPjW!!!&=?TF>AI>!@IEE;>G;H!I>!GJ;!LIG;>GF=M!CI?!HFA;=A;!EIHFCF@=GFI>3!AG=GF>$-4$ 0"4+*,0"!,&'7$#&4&**&#$,+$!$'!,&*$6&*-+#>$,9&7$5-29,$,9&"$!**&.,$,9&$4!*,9&*$6*+2*&..$+4$ ,9&$#-.&!.&>$!',9+029$,9&$*&5+=-"2$+4$,9&$&44&1,.$!'*&!#7$6*+#01&#$5-29,$@&$9!*#'7$, +$@&$&C6&1,&# $iRjWl!)MGJIBFGF=M!IDA;?K=GFI>A!Y;?;!?;@I?H;H!IK;?!PQQ!:;=?A!=I!GJ;?=L:!@B??;>GM:!;]FAGA!GI!AMIY3!J=MG3!I?!?;K;?A;!GJ;!L?I!IC!&5W!!/FGJ! F>@?;=AF>@:!=>H!GJ;!?=LFHM:!3!FG!FA!;AGFE= G;H!GJ=G!L?;K=M;>@;!IC!&5!YFMM!HIBDM;!F>!GJ;!>;]G!PQ 7`Q!:;=?A! i`3!djW!!#!5C?"?F7C!=:9@9"$7$?#" !!D+,+*$:756,+5. $!&5!FA!@MF>F@=MM:!HF=<>IA;H!I>!GJ;!D=AFA!IC!@I?;!EIGI?!A:ELGIEA\!D?=H:TF>;AF=3!?;AGF>AG=DFMFG:3!=>H!<=FG!HFAGB?D=>@;! ie3!^jW!!/JFM;!D?=H:TF>;AF=!FA! ?;NBF?;H3!=>:!I>;!I?!EI?;!IC!GJ;!M=GG;?!d!A:ELGIEA!E=:!D;!L?;A;>GW!)A!GJ;A;!A:ELGIEA! =?;!@IEEI>!GI!IGJ;?!HFAI?H;?A!U;AA;>GF=M!G?;EI?3!H?B< 7F>HB@;H!L=?TF>AI>FAE3! LA:@JI<;>F@!L=?TF>AI>FAEV!L=GF;>GA!YFMM!ICG;>!B>H;?! =>H!GJ;F?! ?;ALI>AFK;>;AA!GI!HIL=EF>;?!E=:!D;!=AA;AA;H!GI!=FH!F>! ?;=@JF>@MBAFK;!HF=<>IAFA! iojW!!#IY;K;?3!>I!AF>@MBAFK;3!=>H! =@@B?=G;!HF=<>IAFA!IC!&5!E=:!G=T;!A;K;?=M!EI>GJA!GI!=!:;=?!GI!@IELM;G;W!&?I! IC!A:ELGIEA!FA!EI>FGI?;H!D:!MI>=M!;]=EF>=GFI>!IC!@?FG;?F=!T>IY>!=A!GJ;!1>FCF;H! &=?TF>AI>9A!5FA;=A;!(=GF>@MBH;A!L=GF;>G!?;LI?G;H! @J=><;A!F>!EIIH!=>H!E;EI?:3!@J=><;A!F>!=@GFKFGF;A!IC!H=FM:!MFKF><3!=>H!EIGI?! ;]=EF>=GFI>! iSjW!!+G!AJIBMH!D;!>IG;H!GJ=G!YJFM;!&=?TF>AI>9A!HFA;=A;!?;L?;A;>GA!=!AF>IAFA3!FG!J=A!D;@IE;!F>@?;=AF>FX;H!GJ=G!A:ELGIEIMI<:!FA!J;G;?I<;>;IBA! =EI>GA3!GJBA!?;L?;A;>GF>!E=TF>IAFA!=>H!L?;A@?FDF>GW!5;ALFG;!GJ;!H;LGJ!=>H!D=GG;?:!IC!@MF>F@=M!G;AGF><3!HF=<>IAFA!@=>>IG!D;! @IELM;G;M:!@I>CF?E;H!B>GFM!LIAG 7EI?G;E!;]=EF>=GFI>W!! !!/+"E5+,+*$.756,+5. $!+>!=HHFGFI>!GI!EIGI?!A:ELGIEA3!GJ;!L?;K=M;>@;!IC!>I> 7EIGI?!A:ELGIEA!F>!&5!HFA;=A;!FA! D;F>@?;=AF>FX;H! irjW!!%=>:!L=GF;>GA!;]L;?F;>@;!MIAA!IC!AE;MM!=>H! @I>AGFL=GFI>3!L?;H=GF>]F;G:!=>H!H;L?;AAFI>3!=L=GJ:3!($%! $!AM;;L!HFAI?H;?3!=>H!I?GJIAG=GF@!J:LIG;>AFI>!=?;!=MAI!@IEEI>!iRP7RojW!+>!M=G;?!AG=<;A3!FG!FA!;AGFE=G;H!GJ=G!@I<>FGFK;!H;@MF>;!=CC;@GA!BL!GI!SQz!IC!L=GF;>GA!Re7PQ!:;=?A!LIAG7HF=<>IAFA!iRSj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b*?LE:9!;G;c W!!!F&%7$CF?E!HF=<>IAFA!IC! &5!6+.,$ 5+*,&5 !FA!F>G?=@;MMBM=?!L?IG;F>=@;IBA!F>@MBAFI>A!G;?E;H!*;Y:!DIHF;A3!CIB >H!DIGJ!F>!=]I>A!U*;Y:!>;B?FG;AV!=>H!@;MM!DIHF;A !IC!AB?KFKF>;B?I>A W!*;Y:!DIHF;A!Y;?;!CF?AG! H;A@?FD;H!F>!RrRP!D:!6?F;H?F@J!#;F>?F@J!*;Y:3!YJ;>!J;!>IG;H!;IAF>ILJFMF@!F>@MBAFI>A!F>! GJ;!HI?A=M!EIGI?!>B@M;BA!IC!GJ;!K=;?K;!=>H!>B@M;BA!D=A=MFA!IC!%;:> ;?G!iPQ3!PRjW!#IY;K;?3!GJ;!@IELIAFGFI>!IC!GJ;A;!F>@MBAFI>A! M=?<;M:! ?;E=F>;H!=!E:AG;?:!B>GFM! RrrSW!*;Y:!DIHF;A!LIAA;AA!A;K;?=M!HIX;>!@IELI>;>GA!F>@MBHF>;>GA!IC!GJ;! BDFNBFGF>7L?IG;=AIE;!A:AG;E3!AG?B@GB?=M!L?IG;F>A3!=>H!EIAG!>IG=DM:3!=MLJ= 7A:>B@ M;F>!U[ 7A:>V! iPP7PdjW!!"J;!>I?E=M!CB>@GFI>!IC![ 7A:>!=>H!FGA!@I>G?FDBGFI>!GI!FHFIL=GJF@!=>H!<;>;GF@! @=A;A!IC!&5!FA!HFA@BAA;H!F>!2J=LG;?!PW! !!H!?;=M!HFAG?FDBGFI>!IC!*;Y:!L=GJIMI<:!H;A@?FD;H!D:!#;FTI!. ?==T!F>! PQQ`!J=A!?;E=F>;H!GJ;!H=?H!CI?!AG=IG;H!=!AL=GFIG;ELI?=M! L=GG;?>!IC!*;Y:!L=GJIMI<:\!CF?AG!IDA;?K;H!F>!GJ;!K=;?K;!=>H!IMC=@GI?:!>B@M;BA3! L?I!=>!=A@;>HF>>;?!GI!GJ;!D?=F>AG;E!=>H!EFHD?=F>3!=>H!;K;>GB=MM:!F> !MFEDF@!=>H!>;I@I?GF@=M!?;A!F>!;>H 7AG=<;!@=A;A! iPe3!P^jW!)MGJIB!@=A;A!Y=A!>IG;H3!GJ;!=A@;>HF>!IC!*;Y:!L=GJIMI<:!H;A@?FD;H!D:!.?==T! J=A!F>!L=?G!M;H!GI!GJ;!FH;=!IC!=>!=A@;>HF><3!L?FI> 7MFT;!AL?;=H!C?IE!GJ;!!iPojW!/JFM;!.?==T!AG=A!GJ;!L?FE=?:!L=GJIMI!E;G!YFGJ!@?FGF@FAE!?;@;>GM:!HB;!GI!GYI!E=ZI?!@=K;=GA\!RV!FGA!C=FMB?;!GI!@M=AAFC:! =>H!@I>CF?E!BL!GI!eQz!IC!&5!@=A;A3!=>H!PV!FGA!;]@MBAFI>!IC!@=A;A!YJF@J!HI!>IG !L?;A;>G! YFGJ!L=GJIMI<:!F>!GJ;!HI?A=M!EIGI?!>B@M;BA! iPS7`Rj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i`P7`ejW!*IAA!IC!HIL=EF>; !U5)V !C?IE!>F;B?I>A!?;ABMGA! F>!F>@?;=A;H!=@GFKFG:!IC!GJ;!F>HF?;@G!L=GJY=:!UEIK;E;>G!F>JFDFGF>H!H;@?;=A;H! =@GFKFG:!IC!GJ;!HF?;@G!UEIK;E;>G!C=@FMFG=GF>!G J;!@M=AAF@!D?=H:TF>;GF@!=>H!=TF>;GF@!A:ELGIEAW!!)G!GJ;!GFE;!IC!@MF>F@=M! HF=<>IAFA3!FG!FA!;AGFE=G;H!GJ=G! GJ;?;!FA!= !{^Qz!?;HB@GFI>!F>!AG?F=G=M!HIL=EF>;! ?;ABMGF>FGF=M!H:F>A! i`^j3!CIMMIY;H!D:! {eQz! MIAA! IC!>F;! >;B?I>!@;MM!DIHF;A! i`ojW!2;MM!?;LM=@;E;>G!GJ;?=L:!GI!?;LM=@;!AG?F=G=M!HIL=EF>;!KF=!!=GG;ELG;H3!GJIB;CFG!FA! AJI?G 7MFK;H !=>H!F>!EIAG!@=A;A3! L?IHB@;A!>I!MI>< 7G;?E!D;>;CFG !i`SjW!!%I?;IK;?3!FG!FA!B>MFT;M :!GJ=G!>;@GFI>A!F>!=!H;<;>;?=G;H!;>KF?I>E;>GW !!,!5E::9"$!(:97$N9"$!'$:7$9L?9@ !!<9!*5!1+,9&*!6-&. $!2B??;>G!&=?TF>AI>9A!GJ;?=LF;A!CI@BA!I>!A:ELGIE=GF@!?;MF;C!=>H!GJBA!J=K;!?;E=F>;H! HIL=EF>; 7@;>G?F@W!! 6I?!IK;?!CFK;!H;@=H;A3! GJ;!H=?H!LJ=?E=@IGJ;?=L:!CI?!&5! J=A!D;;> !=HEF>FAG?=GFI>!IC!M;KI HIL=!U* 75'&) _!i`r3!dQjV3!YJF@J! FA!G=T;>!BL!D:!=EF>I! =@FH!G?=>ALI?G;?A!F>!GJ;!F>G;AGF>;3! @?IAA;A!GJ;!DMIIH 7D?=F> 7D=??F;? !U...V!=>H!FA!@I>K;?G;H! GI!HIL=EF>;!D:!GJ;!;>X:E;! 5'&) !H;@=?DI]:M =A; !U6FFAJ !H;LM;G;H!HIL=EF>;!=>H!F>@?;=A;!GJ;!;CCF@=@:!IC!5)!L?IHB@GFI>!D:!?;E=F>F>< !HIL=EF>;!>;B?I>AW!/J;>!=HEF>FAG;?;H!I?=MM:3! GJ;!E=ZI?FG:!IC!* 75'&)!FA!E;G=DIMFX;H! D;CI?;!FG!@?IAA;A!GJ;!...W !!"JBA3!* 75'&)!FA!ICG;>!=HEF>FA G;?;H!F> !@I>ZB>@GFI>!YFGJ! @=?DFHIL =!U@IEDF>=GFI>!* 75'&)b@=?DFHIL=_ !-F> ;E;GV3!YJF@J!=@GA!GI !MFEFG!* 75'&)! @I>K;?AFI>!GI !5)!D;CI?;!?;=@JF>FGF=MM: !;CC;@GFK;!F>! =MM;KF=GF>IG!YFGJIBG!=HK;?A;!AFH;!;CC;@G AW!/FGJ!@I>GF>B;H! BA;3!E=>:!L=GF;>GA!;]L;?F;>@;H!F>@?;=A;H!K=?F=DFMFG:!=>H!F>G;?K=MA!IC!I> 7ICC!L;?FIHA3!GJ=G! FA3!=!H;@?;=A;!F>!EIGI?!A:ELGIEA!YJFM;!G=TF>!=>H!?;;E;?<;>@;!IC!EIGI?! A:ELGIEA!=A!I>;!HIA;!Y;=?A!ICC!L?FI?!GI!G=TF>;]G!HIA;! idRjW!%=>:!L=GF;>GA! =HHFGFI>=MM:! ;]L;?F;>@;!H;DFMFG=GF>@I>G?IMM;H!EIK;E;>GA! UH:ATF>;AF=A V!=CG;?!L?IMI><;H!BA; !idP3!d`j3!YJF@J!LIA;A!=!AF<>FCF@=>G!L?IDM;E!GI!;=?M: 7I>A;G!&5!L=GF;>GA! YJI!YFMM!G:LF@=MM:!?;NBF?;!G?;=GE;>G!CI?!MI><;?!L;?FIHA!IC!GFE;!GJ=>!GJIA;! HF=<>IA;H!YFGJ !ALI?=HF@3!M=G; 7I>A;G!&5! iddjW!!!!-!!*?LE:9!;GJ;!J:H?I]:M=A;!=HHA!=!J:H?I]:M!;!@I>K;?GF>K;?GF>;3!YJF@J!FA!GJ;>! L=@T=<;H!F>GI!A:>=LGF@!K;AF@M;A!D:!p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ide3!d^jW!"JBA3!5)!=FAGA! =?;! BAB=MM:!GJ;!CF?AG! G?;=GE;>G!ILGFI>!;]LMI?;H3!L=?GF@BM=?M:!CI?!:IB><;?!L =GF;>GAW!#IY;K;?3!L?IDM;E=GF@!AFH;! ;CC;@GA!AB@J!=A!F>AIE>F=3!J=MMB@F>=GFI>A!=>H!H;@?;=A;H!FELBMA;!@I>G?IM!=?;!@IEEI>! ido3!dSjW!!"YI!@M=AA;A!IC!H?B!BA;H!F>!@I>ZB>@GFI>!YFGJ!* 75'&)\!%I>I=EF>;!I]FH=A;! F>JFDFGI?A!U%)'9AV!=>H!@=G;@JIM 7I!E;GJ:M!G?=>A C;?=A;!U2'%"V!F>JFDFGI?AW!!%)'9A!YI?T!GI! L?;K;>G!H;=EF>=GFI>!IC!HIL=EF>;!D:!EI>I=EF>;!I]FH=A; 7.!U6F;!M;K;MA!YJFM;!H;@?;=AF>;;H!CI?!F>@?;=AF>;!=FAGA3!%)'!F>JFDFGI ?A!@=>!D;!=GG;ELG;H!=A!=!CF?AG! G?;=GE;>G!ILGFI>!GI!H;M=:!>;;H!CI?!* 75'&)3!DBG!=?;!ICG;>!L?;A@?FD;H!F>!@I>ZB>@GFI>!YFGJ! *75'&)!GI!F>@?;=A;!FGA!;CCF@=@:!=>H!H;@?;=A;!GJ;!>BED;?!IC!I>bICC!L;?FIHA! idrjW!!2'%"! F>JFDFGI?A!=?;!ICG;>!L?;A@?FD;H!F>!@I>ZB>@GFI>!YFGJ !*75'&)!GI!L?; K;>G!FGA!D?;=THIY>!F>GI! `7E;GJI]:G: ?=EF>;! L?FI?!GI!?;=@JF>!GJ;!?;M=GFK;M:! AJI?G!J=MC 7MFC;!IC!*75'&)3!F>@?;=AF>!=>!;CCI?G!GI!H;@?;=A;!HIA;!=>H!GJBA! L?IMI>@;!IC!*+5A!FA!IC!F ELI?G=>@;W!! !$G&&6$H*!-"$:,-50'!,-+" $!5;;L!D?=F>!AGFEBM=GFI>!U5.-V!FA!GJ;!EIAG!@IEEI>M:!BA;H!AB?G!IC !!))!&5W!5.-!=@GA!=A!=!L=@;E=T;?\!=>!;M;@G?IH;!FA!FELM=>G;H!F>GI!I>;!IC !A;K;?=M!?; A!F>! GJ;!D?=F>!U GJ=M=EBA3!F>G;?>=M!B@M;BAV !iePj3!GI!EIHBM=G;!=>! FED=M=>@;!F>!;]@FG=GFI>!=>H!F>JFDFGFI>!GJ=G!?;ABMGA!C?IE!>F;?=GFI> !U*?LE:9!;G;V3!=MGJIBFAE!D:!YJF@J!L=GF;>GA!?;@;FK;!A:ELGIE=GF@ !=MM;KF=GFI>!FA! @B??;>GM:!B>H;?!H;D=G; W!(;@;>G!AGB HF;A!AB<<;AG!GJ=G!@;?G=F>!ABDLILBM=GFI>A!IC!&5! L=GF;>GA!YFMM!D;>;CFG!EI?;!GJ=>!IGJ;?A!C?IE!5.-! ie`jW!!4FK;>!GJ;!?FAT:!>=GB?;!IC!GJFA! L?I@;HB?;3 !;AL;@F=MM:!F>!GJ;!;MH;?M:3!GJFA!G?;=GE;>G!FA!ICG;>!BA;H!=A!=!M=AG!?;AI?G!YJ;> !LJ=?E=@IGJ;?=LF;A!=?;!>I!MI><;?!;C C;@GFK; W!!"JFA!FA!M;AA!IC!=!@I>@;?>!F>!:IB><;?! L=GF;>GAW!!-$?#C#LI =GFI>!IC!EBMGFLM;!<;>;GF@!?FAT!C=@GI?A! =>H!;>KF?I>E;>G=M!F>ABMGA! U*?LE:9!;GKV3!RQz!IC!GIG=M!&=?TF>AI>9A!@=A;A!=?;!;AGFE=G;H!GI! D;!EI>I<;>F@3!I?!=GG?FDBG;H!GI!=!AF>;W!!"J;!CF?AG!<;>;GF@!MF>T!GI!&5!Y=A!FH;>GFCF;H! =A!=!LIF>G!EBG=GFI>!F>! :/JK !UGJ;!<;>;!CI? ![7A:>3! iedjV3!?;ABMGF>!:IB>< 7I>A;G!&5W!! )HHFGFI>=M!LIF>G!EBG=GFI>A!F>! =HHFGFI>!GI!HBLMF@=GFI>!I?!G?FLMF@=GFI>!IC! :/JK !Y;?;! FH;>GFCF;H!AII>!=CG;?3!=A!HFA@BAA;H!F>!@J=LG;?!PW!)HHFGFI>=M!EI>I<;>F@!=AAI@F=GFI>A!YFGJ! =BGIAIE=M!HIEF>=>G!I?!?;@;AAFK;!F>J;?FG=>@;!L=GG;?>A!J=K;!D;;>!FH;>GFCF;H!F>@MBHF>IG!MFEFG;H!GI! FLLMN 3!H!A!F>!FEEB>;3! EFGI@JI>H?F=M3!BDFNBFGF> 7L?IG;=AIE;!=>H!I]FH=GFK;!AG?;AA!=@GFKFG:! ieejW!6I?!GJ;!rQ 7rez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bI?!;>KF?I>E;>G=M!F>ABMGA!=>H!MFC;AG:M;! C=@GI?AW !$8"=-*+"5&",!'$)!1,+*. $!$LFH;EFIMI=M!;]LIAB?;!GI!L;AGF@FH;A! J;?DF@FH;A!AB@J!=A!?IG;>I>;3!L=?=NB=G3!=>H!HF;MH?F>! !=>H!E=:!@I>G?FDBG;!GI!GJ;! H;K;MILE;>G!IC!&5! ie^7^QjW!!(IG;>I>;!=>H!L=?=NB=G!F>!L=?GF@BM=?!J=K;!D;;>!BA;H! F>!DIGJ!-"$=-,*+ !=>H!-"$=-=+ !EIH;MA!GI!F>HB@;!A;M;@GFK;!MIAA!IC!HIL=EF>;?;B?I>AW!! -GBHF;A!C?IE!@;MM!@BMGB?;!=>H!=>FE=M!EIH;MA!AB<<;AG!GJ=G!F>A;@GF@FH ;A!@=>!F>HB@;!MIAA!IC! HIL=EF>;?;B?I>A!GJ?IBFAEA\!EFGI@JI>H?F=M!@IELM;] 7+!F>JFDFGFI>3!;>J=>@;H!EF@?IH!,)&5#!I]FH=A;!L?IHB@GFI>3!=>H!?;M;=A;!IC! [7A:>!C?IE!;>G;?F@!>;B?I>A! i^R7^djW!!+>G;?;AGF>H!GJ;!AGFGBG;! GYI!AFG;A!YJF@J!H;K;MIL!=DB>H=>G!*;Y:!L=GJIMI<:!=>H!J=K;!GJ;!A!F>!GJ;!;>KF?I>E;>G!KF=!F>J=M=GFI>!=>H!HF<;AGFI>W!!"J;?;CI?;3!FG!FA!MFT;M:!GJ=G! ;>KF?I>E;>G=M!GI]F>A!@I>G?FDBG;!GI!;=?M:!H;K;MILE;>G!IC!L=GJIMI<: !F>!GJ;A;!?;AW !$K2-"2 $!)GA!GJ;!M=?<;AG!?FAT!C=@GI?!CI?!H;K;MILF>GA!=?;!IK;?!GJ;!=<;!IC!^eW! !!$KFH;>@;!C?IE!?IH;>G!=>H!>I> 7JBE=>!L?FE=G;A! !AB<<;AGA!GJ=G!=A!=!D:L?IHB@G!IC!>I?E=M!=<3!L?I@;AA;A!YF GJF>!>F;B?I>A! F>@MBHF>H?F=M!GB?>IK;?3! =>H!BDFNBFGF>7L?IG;=AIE;!E;HF=G;H!H; !AFEBMG=>;IBAM:!D;@IE;! M;AA!;CCF@F;>G !i`d3!^e7^rjW!!-;>;A@;>@;!IC!GJ;A;!E;@J=>FAEA !?;>H;?A! >F;B?I>A! EI?;!ABA@;LGFDM;!GI!H;<;>;?=GFI>!YJ;>! EBMGFLM ;7JFGA!AB@J!=A! <;>;GF@!I? !;>KF?I>E;>G=M!C=@GI?A! @IE;!F>!GI!LM=:!UFW;W!kAGI@J=AGF@!=@@;M;?=GFI> l!ioQ3!oRj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iRR2V7ULV7&8RRRre !F>!DIGJ!#&$"+=+ !ioPj!=>H!;=?M: 7GI7=HK=>@;H!&5!L=GF;>GA! io`j!J=A!AB<<;AG;H!F>CM=EE=GFI>! I@@B?A!;=?M:!=>H!FA!ABAG=F>;H!=G!F>@?;=A;H!M;K;MA!@IEL=?;H!GI!=<;!E=G@J;H!@I>G?IMAW!! "J;?;CI?;3!JI>F>!I>!AL;@FCF@!F>CM=EE=GI?:!E;@J=>FAEA!=>H!GJ;F?!G;ELI?=M!?IM;!F>!&5! E=:!D;!=!L?IEFAF> W! !!D-1*+2'-! $!%F@?IFGI?A!F>!GJ;!E;AIH;?E!=>H!F>!GJ;F?!FEE=GB?; !AG=G; !EFGI!GJ;!L=?;>@J:E=!YJ;?;!GJ;:!=@@IB>G!CI?!|RQz!IC!GJ;!GIG=M!@;MM! LILBM=GFI>3!=MGJIBAFG:!K=?F;A!D:!?;! iod3!oejW!%F@?I=LGF@! L?B>F>H!@I?GF@=M!AG?B@GB?;!CI?E=GFI>!HB?F>G! io^3!oojW!!#IY;K;?3! EF@?I;A@;>G !UFW;W3!M;AA!;CCF@F;>G!=G!EIB>GF>! =LL?IL?F=G;!?;ALI>A;V !YFGJ!=<;3!YJF@J!E=:!@I>AGFGBG;!=!@I>G?FDBGF>;B?IH;<;>;?=GFK;!HFA;=A;A! ioSjW!)MGJIB !!)%!!*?LE:9!;GM@;!IC!@;MMBM=?!H;D?FA!I?!L?IG;F>A!I?!=@BG;!>;B?I>=M!F>ZB?:3!EF@?IH!EFZB?:!GI!LJ=H!A;@?;G;!=>GF 7F>CM=EE=GI?:!@:GITF>;A!AB@J!=A!F>G;?M;BTF> 7RQ!F>!=!A;MC 7MFEFGF>>;?W!!#IY;K;?3!F>!GJ;!@=A;!IC! &5!YJ;?;!;>KF?I>E;>G=M!=>H!<;>;GF@!F>ABMGA!F>!@IEDF>=GFI>!YFGJ!EFACIMHF>H!@J?I>F@! =@@BEBM=GFI>!IC!L?IG;F>A!F>AFH;!@;MMA!YJF@J! =?;!B>=DM;!GI!D;!D?IT;>!HIY>!D:!IGJ;?!E;GJIHA! AB@J!=A!GJ;!BDFNBFGF> 7L?IG;=AIE;!A:AG;E3!EF@?IH!A;@?;G;!L?I 7F>CM=EE=GI?:!@:GITF>;A3!@J;EI=GG?=@G=>GA!GI!L;?FLJ;?=M!FEEB>;!@;MMA3!=>H!?;=@GFK;!I]:<;>! AL;@F;AW!!/J;>!GJFA!I@@B?A!IK;?! =>!;]G;>H;H!L;?FIH!IC!GFE;3!=GG;ELGA!=G!GFAAB;!?;L=F?!YJF@J!=?;! LIAAFDM;!HB?F>ZB?:!C=FM3!=>H!=>!B>?;!=@@BEBM=GFI>3!@;MM! H;=GJ3!=>H!F>CM=EE=GFI>!;>AB;AW !!!!"## $"%&' ()*&"+,-.*#& /'%01)2&1.3.+14+ )"##*#%5+6"753. 83)510#3%#+ 9")5*3&:"-& /51#34"5%&31- ()&3;%&31- (-&3 <3-4#%::%&152+ )2&1=3-". ,-'373&152+/51&"3-. !2&1.1#3)+)1:>1*-6. 8":75%-"+75"%=61?-+ >516*)&. /51&"3-+%005"0%&31- @"*51&5%-.:3&&"5+ 3:7%#%-)" 83)510#3%#+ 9")5*3&:"-& /51#34"5%&31- ()&3;%&31- /513-4#%::%&152 !2&1=3-". !'":1%&&5%)&%-&. 9"%)&3;"+AB20"-+C>")3". /51&"%.". DB)3&%&152+(:3-1+()36. C2.&":3)+ 3-4#%::%&31- D-;351-:"-&%#+ (0"-&. E"-"&3)+/5"63.>1.3&31- ,-.*#&.+&1+!@C !'51-3)+$3."%."+ /5105"..31- F3..*"+5">%35+%-6+ '"%#3-0 !'51-3)+,-.*#& !)*!?;C;??;H!GI!=A!k?;AGF>=EF@3!=A!EF@?IAG=>GM:!;]G;>H!=>H!?;G?=@G!L?I@;AA;A!GI!AB?K;:!GJ;!;>KF?I>E;>G! ior3!SQj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d3!=MGJIB!EI?;!;]G;>AFK;M:!A GBHF;H!F>!&5! iSPjW!!)+!)@GFK=GFI>!IC!"*(P!F>HB@;A!J;G;?IHFE;?FX=GFI>!YFGJ!"*(R!I?!"*(^3!M;=HF>H;>G!G?=>AMI@=GFI>!IC!>B@M;=?!C=@GI?!T=LL=!MF!;>J=>@;?!IC!=@GFK=G;H!. 7@;MMA3!BMGFE=G;M:!?;ABMGF>!F>@?;=A;H!L?IHB@GFI>!IC!L?IF>CM=EE=GI?:! @:GITF>;A!",6!=>H! +*7RtW!+>!&53!IDA;?K=GFI>A!F>!JBE=>!GFAAB;!=>!=>FE=M!EIH;MA!J=K;!FELMF@=G;H!GJ=G!"*(P! FA!@MIA;M:!=AAI@F=G;H!GI!*;Y:!L=GJIMI<:!=>H![ 7A:>! iSPjW!"*(P!FA!F>@?;=A;H!I>!EF@?I!;=?M:!.?==T!AG=<;A!U+ 7+++V!@IEL=?;H!GI!M=G;?!AG=<;!&5!U+p 7p+_! iS`jVW!+>G;?;AGF>G!AGBH:!FH;>GFCF;H!"*(P!;]L?;AAFI>!I>!*;Y:!DIH: 7@I>G=F>F>;B?I>A!YJF@J! AF<>FCF@=>GM:!@I??;M=G;H!YFGJ!HFA;=A;!AG=<;! iSdjW!!O"$=-,*+ 3!IMF!?;M;=A;H!C?IE! @;MMA!=@GA!=A!=>!;>HI<;>IBA!=FAG!CI?!"*(P3!?;ABMGF>!HIY >AG?;=E!A;@?;GFI>!IC! L?IF>CM=EE=GI?:!@:GITF>;A!GBEI?!>;@?IAFA!C=@GI?!U",6V!=>H!F>G;?M;BTF> 7^!U+* 7^_!iSej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iS^jW!!%#2!EIM;@BM;A!=?;!@?B@F=M!?;CM=EE=GI?:!?;ALI>A;3!=A! GJ;:!L?;A;>G!=>GF<;>A!I>!GJ;!AB?C=@;!IC!)& 2A!CI?!F>G;?=@GFI>!YFGJ!" 7@;MMAW!%#2 7+!L?;A;>GA!F>G?=@;MMBM=?!L;LGFH;A!H;?FK;H!C?IE!GJ;!@:GIAIM!=>H!L?;A;>GA!GJ;E!I>!GJ;! AB?C=@;!CI?!F>G;?=@GFI>!YFGJ!25S}!@:GIGI]F@!" 7@;MMA!YJF@J!@=>!F>HB@;!@;MM!H;=GJ!HF?;@GM:! GJ?IBHB@GFI>!IC!@=AL=A;A!D:!?;M;=A;!IC!X:E;A!=>H!L;?CI?F>!U iSo3!SSj3!6FGA!;>HI@:GIA;H!L;LGFH;A!H;?FK;H!C?IE!GJ;!;]G?=@;MMBM=?!AL=@;!CI?! L?;A;>G=GFI>!GI!25d}!J;ML;?!" 7@;MMA!YJF@J!@=>!A;@?;G;!F>CM=EE=GI?:!@:GITF>;A!I?!F>HB@;! .!@;MMA!GI!L?IHB@;!=>GFDIHF;A!=<=F>AG!GJ;!AL; @FCF@!=>GF<;>!U6FA!F>!" 7@;MM!ABDA;GA!J=K;!D;;>!?;LI?G;H!F>!DMIIH!C?IE!&5!L=GF;>GA! iSr7rPj3!DBG!GJ;!L?;A;>@;!IC! "7@;MMA!YFGJF>!GJ;!L=?;>@J:E=!F>!&5!FA!AGFMM!B>@M;=?W!,I>;GJ;M;AA3!FED=M=>@;!IC!" 7@;MM! ABDLILBM=GFI>A!AB<<;AG!GJ=G!FEEB>;!A :AG;E!F>!&5!D;@IE;A!B>=DM;!GI!=A@;?G=F>!A;MC! C?IE!>I> 7A;MC3!EIB>GF>A;!GJ=G!BMGFE=G;M:!D;@IE;A!H;G?FE;>G=MW !!"J;!#*)!@IELM;]!FA!JFH!<;>IE; 7YFH;!=AAI@F=GFI>!U4/)-V!AGBHF;A! J=K;!AB<<;AG;H!A;K;?=M!K=?F=>GA!F>!GJ;!#*)!?;!;>@IHF >@?;=A;!?FAT!CI?!H;K;MILF>GA!J=K;!=MAI!D;;>!FELMF@=G;H!F>! !A;K;?=M!@M=AAF@=M!=BGIFEEB>;!HFAI?H;?A!F>@MBHF>H!G:L;!R!HF=D;G;AW!+>!?;<=?HA!GI!&53!HFCC;?;>GF=M!? FAT!=AAI@F=GFI>!K=?F;A!H;L;>HF>! !;GJ>F@!LILBM=GFI>!=>H!?;! iro7rrj3!AB<<;AGF>; 7;>KF?I>E;>G!F>G;?=@GFI>A!=?;! FELI?G=>G!CI?!@I>C;??F>G!I>!EF@?IH!FA!?=?;M:!F>HB@;H!I>!=AG?I@:G;A3!DBG!FA!M=?<;M:! B>H;G;@G=DM;!F>!GJ;!J;=MGJ:!2,-3!GJBA!GJ;!IDA;?K=GFI>!IC!#*) 75(!FEEB>I?;=@GFK;! EF@?I!GJ;!-,!=>H!M=G;?!LBG=E;>3!JFLLI@=ELBA3!=>H!@I?GF@=M!?;A!IC!&5! L=GF;>GA! iRQQ7RQPj!AB<<;AG;H!GJ=G!;FGJ;?!*;Y:!L=GJIMI<:!=>HbI?!H;<;>;?=GFI>!F>HB@;A! =>!F>CM=EE=GI?:!?;ALI>A;W!'>;!AGBH:!F>!EF@;!J=A!H;EI>AG?=G;H!GJ=G!%#2 7++!FA! >;@;AA=?:!CI?!DIGJ! [7A:>7E;HF=G;H!>;B?IH;<;>;?=GFI>!=>H!" 7@;MM!F>CFMG?=GFI>! iRQ`jW!!!!!!)-!*?LE:9!;GZG?=@;MMBM=?!L?IG;F>A!=?;!L?I@;AA;H!D:!GJ;!L?IG;=AIE;!=>H!D?IT;>!HIY>!F>GI!AE=MM;?! L;LGFH;A3!YJF@J!=?;!G?=>AC;??;H!GI!GJ;!$(!D:!G?=>ALI?G;?!=AAI@F=G;H!YFGJ!=>GF<;>!L?I@;AAF>H!=?;!MI=H;H!I>!GI!%#2 7+W!"J;!%#2 7+!~!=>GF<;>!@IELM;]!FA!;]L?;AA;H!I>!GJ;!@;MM! AB?C=@;!CI?!F>G;?=@GFI>!YFGJ!25S}!@:GIGI]F@!" 7@;MMAW! !!"#$% &'()** +,-.*/0 +1.2.3) 4)5607) &'()**%8)()56.8 !"#!96.2.*0(% 58.6)0: ;:<.*7)7% 58.6)0: 4)5607)2 48.6)=2.3) >?! '@&A4 &A4 >?! '@%48.()220:/ !"#$%&"' ()&*&"#$"%' +&,,' -./0' 12+&,, 34*5*56& 7895,%$ 7":5*56& 7;5*56& 7;#)<+&,,=,<)'()5#&$" -3>? @A- 2>>?&(#$:& 12+&,,')&+&(#5) -./@A- 2>>'?)5+&**$"% !".!*?LE:9!;GZ !F#"$AD !b,)(()Yc !$]G?=@;MMBM=?!L?IG;F> !FA!;>HI@:GIA;H!I?!LJ=!=>GF<;>!L?;A;>GF>@;!F>!GJ;!M:AIAIE;3!GJ;!L?IG;F>!FA!D?IT;>!H IY>! F>GI!AE=MM!L;LGFH;A !IC!RR 7`Q!=EF>I!=@FHA!MI>< W!%#2 7++!FA!A:>GJ;AFX;H!F>!GJ;!$(!=>H!GJ;>!DIB>H!D:!GJ;! 2*+&!F>!GJ;!DF>HF>!B>GFM!GJ;! L;LGFH;!FA!MI=H;H W!!"J;!%#2 7++!@IELM;]!FA!G?=>ALI?G;H!KF=!GJ;!H!=>H!=MMIYA!CI?!GJ;!L?I@;AA;H!L;LGFH;!GI!D; !MI=H;H! F>GI!%#2 7++W!$]L?;AAFI>!IC!GJ;!%#2 7++!~!L;LGFH;!@IELM;]!FA!;]L?;AA;H!I>!GJ;!@;MM!AB?C=@;!GI! F>G;?=@G!Y FGJ!25d}!"!@;MMAW !!!!")!#IY;K;?3!=!?;@;>G!AGBH:!?;LI?G;H!=>!=@@;M;?=GFI>!=>H!F>@?;=A;H!E=<>FGBH;!IC! H;<;>;?=GFI>!F>!?=GA!YFGJ!H;@?;=A;H!%#2 7++!;]L?;AAFI>! iRQdjW!!"JBA3!GJ;!=AAI@F=GFI>!IC! %#2 7++!YFGJ!;FGJ;?!=!L?IF>CM=EE=GI?:!I?!=>GF 7F>CM=EE=GI?:!LJ;>IG:L;!AGFMM!?;E=F>A!=!;GJ;M;AA3!HFCC;?;>@;A!F>!#*)!<;>;A!=>H!;]L?;AAFI>!IC!%#2 7++!=?;!@I>AFAG;>GM:! H;EI>AG?=G;H!F>!&5!=>H!GJBA!AB<<;AG!=>!=MG;?;H!F>CM=EE=GI?:!;>KF?I>E;>G!@=>! F>CMB;>@;!HFA;=A;!L?IW !/JFM;!GJ;!CI@BA!J=A!D;;>!L?;HIEF>=>GM:!I>!%#2 7++!F>!&53!%#2 7+!;]L?; AAFI>!J=A!D;;>!IDA;?K;H!I>!-,!5)!>;B?I>A! iRQej3!M;=HF>@;LG!GJ=G!&5!E=: !F>!L=?G!D;! =>!=BGIFEEB>;!HFA;=A;W !$O"4'!55!,+*7$J7,+;-"&. $!+>CM=EE=GI?:!@:GITF>;A!A;@?;G;H!D:!EF@?IH!L;?FLJ;?=M!FEEB>;!@;MMA! =?;!GJ;!L?FE=?:!F>CM=EE=GI?: !@I>G?FDBGI?A!GI!GJ;!KF@FIBA!C;;H 7CI?Y=?H!@:@M;!IC!L?IG;F>! =@@BEBM=GFI>3!F>CM=EE=GFI>3!=>H!@;MM!H;=GJ!F>!&5W!!-F>B@M;IGFH;!LIM:EI?LJFAEA!F>! L?IF>CM=EE=GI?:!@:GITF>;!<;>;A!F>@MBHF>;@?IAFA!C=@GI?!U",6V3!F>G;?M;BTF> 7R!D;G=!U+*7RtV3!=>H!F>G;?M;BT F>7^!U+* 7^V!=?;!=AAI@F=G;H!F>!=>!F>@?;=A;H!?FAT!CI?!&5! iRQ^7RQSjW!+>@?;=A;A!F>!L?IF>CM=EE=GI?:!@:GITF>;A!=>H!H;@?;=A;A!F>!=>GF 7F>CM=EE=GI?:! @:GITF>;A!J=K;!D;;>!HI@BE;>G;H!F>!&5!=CC;@G;H!?;A!F>@MBHF>3! =>H!C?I>G=M!@I?G;]! iRQrjW!"J;!EIAG! Y;MM7AGBHF;H!@:GITF>;!F>!GJ;!@I>G;]G!IC!&5!FA!",6W !*;K;MA!IC!",6!=>H!FGA!?;@;LGI?!",6(R!=?;!@I>AFAG;>GM:!CIB>H!GI!D;!F>@?;=A;H!F>!LIAG 7EI?G;E!&5!GFAAB;3!L=?GF@BM=?M:!F>!GJ;!-,! iRRQ7RRPjW!",6!@=>!J=K;!DIGJ!L?I 7!=>H!=>GF7=LILGIGF@!;CC;@GA!H;L;>H;>G!I>!YJF@J! IC!FGA!GYI!?;@;LGI?A!FG!DF>HA!GI\!",6(R!I?!",6(P3! ?;AL;@GFK;M:! iRR`jW!!+>G;?;AGF>!@=>!D;!F>@?;=A;H!D:!F>G;?=@GFI>A! YFGJ!HIL=EF>;!=A!H;EI>AG?=G;H!F>!KFG?I! iRRdjW!!6B?GJ;?EI?;3!F>G?IHB@GFI>!IC!",6!GI!5)! >;B?I>!@BMGB?;A!F>HB@;H!GI]F@FG:! iRRejW!*=AGM:3!@:GITF>;A!F>!&5!J=K;!<=F>;H!=GG;>GFI>!F>! !""!?;@;>G!:;=?A!=A!LIG;>GF=M!DFIE=?T;?A!GI!=FH!F>!;=?M:!&5!HF=<>IAFA3!=A!GJ;:!=?;!H;G;@G=DM;! F>!DIGJ!@;?;D?IALF>=M!CMBFH3!YJIM;!DMIIH3!=>H!LM=AE=W!+>H;;H3!M;K;MA!IC!F>G;?C;?I>!<=EE=! U+6,7cV3!F>G;?M;BTF> 7RQ!U+*7RQV3!F>G;?M;BTF> 7R`!U+*7R`V3!F>G;?M;BTF> 7R!D;G=!U+*7RtV3! F>G;?M;BTF> 7d!U+* 7dV3!+* 7^3!=>H!",6!=?;!HFCC;?;>GF=MM:!;]L?;AA;H!F>!&5!L=GF;>GA!@IEL=?;H! GI!J;=MGJ:!@I>G?IMA!U2J=LG;?! d3!6F!AGBHF;A !=>H!L?;@MF>F@=M! -"$=-,*+ !=>H!-"$=-=+ !AGBHF;A!UHFA@BAA;H!F>! ABDA;NB;>G!@J=LG;?AV!H;EI>AG?=G;! =!?;M=GFI>AJFL!D;GY;;>![ 7A:>!=>H!F>CM=EE=GFI>!I?! >;B?IH;<;>;?=GFI>!=>H!F>CM=EE=GFI>!U6FGA!J=A!D;;>!B>=DM;!GI!D;!F>K;AGF<=G;H!C?IE!I>A;G!IC!*;Y:!L=GJIMI<:!CI?E=GFI>! GJ?IBG;?K=M!IC!H;<;>;?=GFI>3!=A!D:! GJ;!GFE;!IC!HF=<>IAFA3!IK;?!J=MC!IC!-,!5)! >;B?I>A!J=K;!=M?;=H:!H;<;>;?=G;HW!!)A!?;KF;Y;H!F>!@J=LG;?!P3!=>FE=M!EIH;MA!J=K;!=MAI! =FH;H!F>!IB?!B>H;?AG=>HF>!F>CM=EE=GFI>!=>H![ 7A:>!I?!>;B?IH;<;>;?=GFI>3! JIY;K;?3!L?;KFIBAM:!=K=FM=DM;!EIH;MA!J=K;!<;>;?=M M:!C=FM;H!GI!?;@=LFGBM=G;!T;:!C;=GB?;A! IC!JBE=>!&5!YJF@J!YIBMH!=MMIY!CI?!=!@M;=?!GFE;!@IB?A;!IC!GJ;A;!;K;>GA!GI!D;! H;MF>;=G;HW!1AF>IK;M!?=G!EIH;M!YFGJ!HFAGF>@G!HFA;=A;!AG=<;A3!GJ;!=FE!IC!GJFA! HFAA;?G=GFI>!Y=A!GI!F>K;AGF<=G;!GJ;!GFE;!@IB?A;!IC![ 7A:>!=@ @BEBM=GFI>3!F>CM=EE=GFI>3!=>H! >F;?=GFI>!DIGJ!YFGJF>!GJ;!D?=F>!=>H!F>!L;?FLJ;?=M!CMBFHAW! !!!"#!!*?LE:9!;G[!=#$9"$?7C! ?""7$9!7"D! 7D78$?S9! ?NNE"9! :9@8#"@9@!$#! 7FFENEC7$?#"!#Q!%9TI! P#D?9@!?"!=B !!2J?I>F@!=@@BEBM=GFI>!IC!F>G?=>;B?I>=M!F>@MBAFI>A!@=>!@=BA; !=D;??=GFI>A!F>!EFGI@JI>H?F=M! CB>@GFI>3!L?IG;F>!H;!A:AG;EA3!L?IHB@GFI>!IC!?;=@GFK;!I]:<;>!AL;@F;AW!.IGJ!>;B?I>=M! AG?;AA!AF<>=MA!=>H!L?;A;>G=GFI>!IC!=D>I?E=M!L?IG;F>A!=A!=>GF<;>!@=>!G?F<<;?!=>!F>>=G;! F>CM=EE=GI?:!?;ALI>A;!E;HF=G;H!D:!EF@?I!GJ;!2,-3!DBG!=MAI!AF<>=M!GI!GJ;!=H=LGFK;! FEEB>;!A:AG;E!L;?FLJ;?=M!M:ELJI@:G;A!GI!F>K=H;3!?;ABMGF>!L?IHB@GFI>!IC!=>GFDIHF;A!=<=F>AG! GJ;!G=?<;G!kAF@Tl!>;B?I>A3!=>H!@:GIGI]F@FG:!GJ?IBG;?=@GFI>A!YFGJ!25S}!"!@;MMAW !!!!""#$%&'%()*"(% +,#)$-.%&'%()*"(% !"#$ %&'($)*'+,-.+.+/)+"01'+ !"$!!!!!!!!!!!!!!0-*-0-45-' !!!!"%!0-*-0-45-' !!RW!&=?TF>AI>3!fW3! K"$&..!7$+"$,9&$.9!;-"2$6!'.7($STSP( !f!,;B?ILA:@JF=G?:!2MF>! ,;B?IA@F3!PQQPW! ;MUPV\!LW!PP` 7`^_!HFA@BAAFI>!PPPW !PW!4I;GX3!2W4W3! Q9&$9-.,+*7$+4$H!.W(W!.MI;E3! Q9&$6!*;-".+"$6!"#&5-1 V!$1!''$,+$!1,-+"( !f)%)!,;B?IMI<:3!PQRSW! ^ZURV\!LW!r 7RQW!dW!'D;AI3!fW)W3!;G!=MW3! $6*&.&",>$!"#$40,0*&$+4$3!-W3! G&.1*-6,-+"$+4$>!,!0! )@=H!-@F3!PQQ`W! ``;\!LW!R7RdW!^W!f=>TIKF@3!fW3! H!fW+W!/F;>;?3! Q9&$-56!1,$+4$G!Q.1!"$+"$,9&$#-!2"+.-.$!"#$ 5!"!2&5&",$+4$5+=&5&",$#-.+*#&*.A$K$*&,*+.6&1,-=&$.,0#7( !)E!f!,;B?IH;<;>;?! 5FA3!PQR`W! JURV\!LW!Pr 7`dW!SW!&IAGBE=3!(W.W3!;G! =MW3!DG:$1'-"-1!'$#-!2"+.,-1$1*-,&*-!$4+*$A;>3!%W%W3!;G!=MW3! O#-+6!,9-1$976+.5-!$!.$!$6*&1'-"-1!'$.-2"$+4$>!,;B?IM3!PQQdW! Z[UPV\!LW!Ro` 7SRW!RPW!&;?=MG=3!2W3!;G!=MW3! X*,9+.,!,-1$976+,&".-+"$!"#$!,,&",-+"$-"$AE!UpF;>>=V3!PQQoW! ;;MUeV\!LW!eSe 7SW!R`W!2J=BHJB?F3!8W(W3!;G!=MW3! O",&*"!,-+"!'$50',-1&",&*$6-'+,$.,0#7$+4$,9&$4-*.,$ 1+56*&9&".-=&$.&' 4E1+56'&,&#$"+"5+,+*$.756,+5.$Y0&.,-+""!-*&$4+*$ GZ;>A3!)W6W3!;G!=MW3! R-29&*$-"1-#&"1&$+4$#&6*&..-+"$6*&1&#-"2$,9&$+".&,$+4$ >I>3!8W%W3!;G!=MW3! O.$!'69! E.7"01'&-"$-"$,9&$1+'+"$!$@-+5!*;&*$4+*$6*&5+,+*$ XI3!)W3!;G!=MW3! /&0*+#&2&"&*!,-=&$#-.&!.&$.,!,0.$!"#$6+., E5+*,&5$6!,9+'+27$ -"$-#-+6!,9-1$*!6-# E&7& E5+=&5&",$.'&&6$@&9!=-+0*$#-.+*#&*A$!"$+@.&*=!,-+"!'$ 1+9+*,$.,0#7( !*=>@;G!,;B?IM3!P QR`W!;JUeV\!LW!dd` 7e`W!RSW!.FB>HI3!(W3!*W!/;FA3!=>H!)W!)>GI>F>F3! J+2"-,-=&$#&1'-"&$-"$AI>`r_-!5FA;=A;3!PQR^W! J\!LW!R^QRSW!RrW!(;HHDB@J!H;?! ,;B?IMI3!fW$W3!;G!=MW3! F&%7$@+#-&.$+4$@;3!RrS`W! JJ;Ud^ReV\!LW!RQSP 7dW!P`W!%=?IG;=B]3!*W3!fW"W!2=EL=>;MMF3!=>H!(W#W!-@J;MM;?3! :7"01'&-"A$!$"&0*+" E.6&1-4 -1$ 6*+,&-"$'+1!'-b&#$,+$,9&$"01'&0.$!"#$6*&.7"!6,-1$"&*=&$,&*5-"!'( !f!,;B?IA@F3! RrSSW!OUSV\!LW!PSQd 7ReW!PdW!-LFMM=>GF>F3!%W4W3!;G!=MW3! !'69!E:7"01'&-"$-"$4-'!5&",+0.$-"1'0.-+".$+4$F&%7$@+#-&.$ 4*+5$<3!PQQ`W! JMUPV\!LW!Rro 7PRRW!P^W!.?==T3!#W3!;G!=MW3! :,!2&.$-"$,9&$#&=&'+65&",$+4$IY3!2W/W!=>H!&W!.?B>HF>3! <;?3!8W)W3! K$1*-,-1!'$*&!66*!-.!'$+4$ 10**&",$.,!2-"2$+4$F&%7 E*&'!,&#$6!,9+'+27$ -"$905!"$@*!-"( !)@G=!,;B?IL=GJIM3!PQQSW! ;;[URV\!LW!R 7R^W!PrW!8=M=FGX=TFA3!%W$W3!;G!=MW3! Q9&$#+*.!'$5+,+*$"01'&0.$+4$,9&$=!20.$-.$"+,$!"$ +@'-2!,+*7$,*-22&*$.-,&$+4$<;?3!8W)W3! J*-,-1!'$&=!'0!,-+"$+4$,9&$H*!!;$.,!2-"2$.19&5&$4+*$>!,;B?IM3!PQRQW! [^UdV\!LW!eeQW !`RW!8F>3!2W-W3!"W-W!4;?GM;?3!=>H!5WfW!-B?E;F;?3! K$5+'&10'!*$@!.-.$4+*$,9&$-"1*&!.&#$ =0'"&*!@-'-,7$+4$.0@.,!",-!$"-2*!$#+6!5-"&$"&0*+".$-"$!2-"2$!"#$H!0W)W!)==>3!,W%W3!fW#W! 8I?HIY;?3!=>H!"WfW!2IMMF;?3! K2& E*&'!,&#$19!"2&.$-"$2'-!'$1&''.$ +4$#+6!5-"&$5-#@*!-"$.0@*&2-+".$-"$*9&.0.$5+";&7.( !,;B?IDFIM!)<3!PQRQW! K;U^V\!LW!r`o 7ePW!`eW!)W3!8W3!;G!=MW3! O.$,9&$c0'"&*!@-'-,7$+4$/&0*+".$-"$,9&$:0@.,!",-!$/-2*!$+4$=M!IC! ,;B?I@J;EFAG?:3!RrrPW! Z`U`V\!LW!RQSQ 7RQSrW!`^W!8B?IYAT=3!†W3!;G!=MW3! O.$KC+"!'$G&2&"&*!,-+"$!$M&7$8!*'7$8=&",$-"$AI>A!5FA3!PQR^W! [UdV\!LW!oQ` 7oQoW!`oW!8I?HIY;?3!fW#W 3!;G!=MW3!G-.&!.&$#0*!,-+"$!"#$,9&$-",&2*-,7$+4$,9&$"-2*+.,*-!,!'$ .7.,&5$-"$3!PQR`W! ;K[U&G!SV\!LW!PdRr 7`RW!`SW!8I?HIY;?3!fW#W3!;G!=MW3! L+@0.,$2*!4,$.0*=-=!'$!"#$"+*5!'-b&#$#+6!5-"&*2-1$ -""&*=!,-+"$#+$"+,$+@'-2!,&$*&1+=&*7$-"$!$>!,;B?IM3! PQRoW!O;URV\!LW!d^ 7eoW!`rW!2IGXF=A3!4W2W3!&W-W!&=L=K=AFMFIB3!=>H!(W!4;MM;>;3! D+#-4-1!,-+"$+4$H!%W!-=Y=H=D3! FE#+6!$,9&*!67$4+*$$ 6*&.&",>$!"#$40,0*&( !&=?TF>AI>FAE!(;M=G!5FAI?H3!PQQrW! ;Z!'E88C!; \!LW!-` 7SW!dRW!*;/FGG3!&W)W3! F&=+#+6!$,9&*!67$4+*$GJ3!*W8W3!-W!6I]3!=>H!/W4W!%;FAA>;?3! 'EG+6!E-"#01&#$#7.;-"&.-! E1'-"-1!'$ 6*&.&",!,-+">$2&"&,-1.>$!"#$,*&!,5&",( !+>G!(;K!,;B?IDFIM3!PQRRW! `O\!LW!`R7edW!d`W!&I??=A3!4W3!;G!=MW3! FE#+6!E-"#01&#$#7.;-"&.-!A$@&7+"#$!"$&C1&..-=&$#+6!5-"&$ ,+"&$-"$,9&$.,*-!,05( !-@F!(;L3!PQRdW! M\!LW!`o`QW!!",!ddW!,FAA;>3!"W3!;G!=MW3! G0*!,-+"$+4$F E#+6!$!"#$#+6!5-"&$!2+"-.,$5+"+,9&*!67$-"$ A3!=>H!(W)W!#=BA;?3! L+6-"-*+'&$,9&*!67$4+*$G?=BD3!5W3!;G!=MW3! O560'.&$1+",*+'$#-.+*#&*.$-"$=>3!%W3!;G!=MW3! L-.;$+4$I!5@'-"2$G-.+*#&*$!"#$O560'.&$J+",*+'$G-.+*#&*$d-,9$ K*-6-6*!b+'&>$<*!5-6&C+'&>$!"#$L+6-"-*+'&A$K$<9!*5!1+&6-#&5-+'+2-1$:,0#7( !f!2MF>!&A:@JIL J=?E=@IM3!PQRoW! K^URV\!LW!RQP 7RQdW!drW!&==D=??=<=3!fW!=>H!%W2W!(IH?FH!8W!-W3! L!,-+"!'&$4+*$:&'&1,-=&$JXDQ$O"9-@-,+*.$!.$K#B0"1,.$-"$,9&$ G*02$Q*&!,5&",$+4$IY3!2W/W!=>H!6W!-GI@@JF3! JXDQ$-"9-@-,+*.$-"$H!%W-W!'TB>3! :0*2-1!'$,*&!,5&",$+4$$,!*2&,.>$#&=-1&.>$!"#$!66*+!19&.( !,;B?IGJ;?=L;BGF@A3!PQRdW! ;;URV\!LW! do7erW!e`W!)><;MF3!)W3!;G!=MW3! I&"+,76&$!"#$69&"+ ,76&$-"$@;3!RrroW! J^[Ue`PRV\!LW!PQde 7oW!eeW!#IBMH;>3!#W!=>H!)W.W!-F>3! Q9&$2&"&,-1.$!"#$"&0*+6!,9+'+27$+4$3!-W3!;G!=MW3! R+0.&9+'#$+*2!"+69+.69+*0.$6&.,-1-#&$0.&$!"#$G!f!$L FH;EFIM3!PQR`W! MJUeV\!LW!Rdo^ 7SeW!eoW!-=>@J;X 7-=>G;H3!6W3!%W"W!2IMIEF>=3!=>H!$W!#;??;?I!#;?>=>H;X3! X*2!"+69+.69!,&$6&.,-1-#&$&C6+.0*&$!"#$"&0*+#&2&"&*!,-+"( !2I?G;]3!PQR^W! ^M\!LW!dRo7P^W!!"-!eSW!/=>3!,W!=>H!4W!*F>3!$g:K( !f!(B?=M!#;=MGJ3!PQR^W! KJU`V\!LW! `Q`7R`W!erW!5JFMMI>3!)W-W3!;G!=MW3! <&.,-1-#&h&"=-*+"5&",!'$&C6+.0*&.$!"#$;3!PQQSW! ;KURV\!LW!`o 7dSW!^QW!.=MG=X=?3!%W"W3! ;G!=MW3!<&.,-1-#&.$&C6+.0*&$!.$&,-+'+2-1!'$4!1,+*.$+4$H!fW-W!#I><3! J*-,-1!'$*+'&$4+*$5-1*+2'-!'$/KG@;3!PQReW! JOM\!LW!rQQ7RRW!^`W!$EE?F@J3!fWpW3!;G!=M W3!L+,&"+"&$-"#01&.$"&0*+"!'$#&!,9$@7$5-1*+2'-!'$ 69!2+17,+.-.$+4$"&0*+".( !6;DA!Z3!PQR`W! JOaUPQV\!LW!eQ`Q 7SW!^dW!&=> 7%I>GIZI3!6W3!;G!=MW3! 8"=-*+"5&",!'$,+C-".$,*-22&*$<3!PQRdW! KZUeV\!LW!RQ^e 7o`W!^^W!2IMMF;?3! "WfW3!;G!=MW3! K2-"2 E*&'!,&#$19!"2&.$-"$,9&$"-2*+.,*-!,!'$#+6!5-"&$.7.,&5$ !"#$,9&$*&.6+".&$,+$DH!.W*W!-@J>;FH;?3! K'69!'69! E:7"01'&-"$!.$!$ D&#-!,+*$-"$,9&$O",&*6'!7$@&,%&&"$K2-"2$!"#$3!=>H!4W!2ILLIG;MMF3! D-,+19+"#*-!'$!"#$g@-Y0-,-"$ <*+,&!.+5&$ :7.,&5$G7.40"1,-+"$-"$K2&-"2$!"#$G-.&!.&A$Q%+$:-#&.$+4$,9&$:!5&$J+-"[ !+>G!f! %IM!-@F3!PQReW! ;[USV\!LW!RrdeS 7o^W!^rW!-BMX;?3!5W3! D0',-6'&$9-,$976+,9&.&.$4+*$#+6!5-"&$"&0*+"$'+..$-"$HA!,;B?IA@F3!PQQoW! KaUeV\!LW!Pdd 7eQW!oQW!2IMMF;?3!"WfW3!,W%W!8=>==>3!=>H!fW#W!8I?HIY;?3! K2-"2$!"#$==>3!=>H!fW#W!8I?HIY;?3!K2&-"2$!.$!$6*-5!*7$*-.;$4!1,+*$4+*>!,;B?IM3!PQQeW!Z^UPV\!LW!R^S7oeWo`W4;?J=?H3!)W3!;G!=MW3!O"$=-=+$-5!2-"2$+4$5-1*+2'-!'$!1,-=!,-+"$%-,9$eSSJf^LaE3!8WfW3!;G!=MW3!H*!-"$*&2-+"E.6&1-4-1$2&"&$&C6*&..-+"$6*+4-'&.$-"$4*&.9'7 -.+'!,&#$*!,$5-1*+2'-!(!6?I>GF;?A!F>!2;MMBM=?!,;B?IA@F;>@;3!PQReW!`\!LW!SdWoeW5;!.F=A;3!*W%W3!;G!=MW3!F+1!'$J0&.$8.,!@'-.9$!"#$D!-",!-"$L&2-+"E:6&1-4-1<9&"+,76&.$+4$H!.!'$I!"2'-!$D-1*+2'-!(!,;B?I>3!PQRoW!`ZUPV\!LW!`dR7`e^W;^Wo^W6?IAG3!fW*W!=>H!5W&W!-@J=C;?3!D-1*+2'-!A$K*19-,&1,.$+4$,9&$G&=&'+6-"2$/&*=+0. :7.,&5(!"?;>HA!F>!@;MM!DFIMI<:3!PQR^W!J[USV\!LW!eSo7eroWooW2B>>F>;X72;?H;…I3!=>H!-W2W!,I@GI?3!D-1*+2'-!$*&20'!,&$,9&"05@&*$+4$"&0*!'$6*&10*.+*$1&''.$-"$,9&$#&=&'+6-"2$1&*&@*!'$1+*,&C(!"J;!fIB?>=MIC!>;B?IA@F;>@;!\!GJ;!ICCF@F=M!ZIB?>=M!IC!GJ;!-I@F;G:!CI?!,;B?IA@F;>@;3!PQR`W KKURQV\!LW!dPR^7dP``WoSW-G?;FG3!/WfW3!;G!=MW3!G7.,*+69-1$5-1*+2'-!$-"$,9&$!2-"2$905!"$@*!-"(!4MF=3!PQQdWMZUPV\!LW!PQS7RPWorW8;GG;>E=>>3!#W3!;G!=MW3!<97.-+'+27$+4$5-1*+2'-!(!&J:AFIM!(;K3!PQRRW!`;UPV\!LW!d^R7ee`WSQW,FEE;?Z=J>3!)W3!Q%+E69+,+"$-5!2-"2$+4$5-1*+2'-!$-"$,9&$5+0.&$1+*,&C$-"$=-=+(2IMH!-L?F>G+EEB>ILJ=?E=@IM3!PQRRW!;;URQV\!LW!RdRe7PRWSPW5?IBF>7'B;MM;G3!fW3!;G!=MW3!Q+''E'-;&$*&1&6,+*$&C6*&..-+"$-"$,9&$@'++#$!"#$@*!-"$+46!,-&",.$!"#$!$5+0.&$5+#&'$+4$G!f,;B?ILA:@JILJ=?E=@IM3!PQRdW!;OU^VWS`W5II?>3!8WfW3!;G!=MW3!D-1*+2'-!'$69&"+,76&.$!"#$,+''E'-;&$*&1&6,+*$N$-"$,9&$.0@.,!",-!"-2*!$!"#$9-66+1!560.$+4$-"1-#&",!'$F&%7$@+#7$#-.&!.&$1!.&.$!"#$3!PQRdW!J\!LW!rQWSdW5X=ETI3!,W3!;G!=MW3!Q+''E'-;&$*&1&6,+*$N$-.$-"1*&!.&#$-"$"&0*+".$-"$3!PQR`W! M\!LW!Re^PW!S^W!4B>GJ;?3!$W!=>H!*W!/=MG;?3! Q9&$5!B+*$9-.,+1+56!,-@-'-,7$1+56'&C$+4$,9&$*!,$ ^L!,,0.$"+*=&2-10.a( !+EEB>I<;>;GF@A3!PQQRW! ZKUoV\!LW!ePQ 7dPW!SoW!&;><3!-W&W3!;G!=MW3! 3! PQRoW!MOMU`V\!LW!^RS 7^PPW!SSW!%B?LJ:!8;>>;GJ3!"W&W3!/=MLI?G!%=?T3!f=>;Y=:!2J=?M;A3! 3!"&%!7U.$ O550"+@-+'+27 W!S!;HW!PQRP\!4=?M=>H!-@F;>@;W !SrW!2J;>3!0W3!;G!=MW3! J'-"-1!'$1+**&'!,-+"$+4$6&*-69&*!'$JGij1&' '$.0@.&,.>$,9&-*$ -5@!'!"1&$!"#$A3!2W#W3!;G!=MW3! L&#$Q$9&'6&*$!"#$H$'7569+17,&.$-"$IM3!PQRPW! JZJUR7PV\!LW!re 7rW!rRW!.=D=3!0W3!;G!=MW3! K',&*!,-+".$+4$Q E'7569+17,&$6+60'!,-+".$-"$AI>FAE!(;M=G!5FAI?H3!PQQeW! ;;USV\!LW!dr` 7SW!rPW!.=A3!fW3!;G!=MW3! F7569+17,&$6+60'!,-+".$-"$IM3!PQQRW! ;;KURV\!LW!Rd^ 7ePW!r`W!8=>>=?T=G3!4W" W3!;G!=MW3!J+55+"$I&"&,-1$c!*-!",$K..+1-!,-+"$%-,9$K',&*&#$RFK$ 8C6*&..-+">$:7"&*27$%-,9$<7*&,9*+-#$8C6+.0*&>$!"#$L-.;$4+*$AI>A!5FA3!PQReW! ;W!rdW!#=EX=3!"W#W3!;G!=MW3! J+55+"$2&"&,-1$=!* -!,-+"$-"$,9&$RFK$*&2-+"$-.$!..+1-!,&#$ %-,9$'!,&E+".&,$.6+*!#-1$;G3!PQRQW!MJUrV\!LW!oSR 7eW!reW!f=EAJFHF3!fW3!;G!=MW3! RFKEGLK$-.$!..+1-!,&#$%-,9$G!f!+EEB>I<;>;G3!PQRdW! M;U^V\!LW! eQS7RRW!r^W!-BMX;?3!5W3!;G!=MW3! Q$1&''.$4*+5$6!,-&",.$%-,9$!4;>;G3!PQR`W!OMUeV\! LW!eQR7dW!rSW!2JF=><3!#W*W3!;G!=MW3!I&"&,-1$!"!'7.-.$+4$RFK EGLK$*&2-+"$=!*-!,-+"$-"$Q!-%!"&.&$ AI>FAE!(;M=G!5FAI?H3!PQRPW! ;OUdV\!LW!`rR 7`W!!#"!rrW!*;;3!&W 72W3!;G!=MW3!I&"&E&"=-*+"5&",$-",&*!1,-+".$'-";-"2$!-*$6+''0,-+"$!"#$ -"4'!55!,-+ "$-"$KF?I>E;>G=M!(;A;=?@J3!PQR^W! ;Z;\!LW!oR`7oPQW!RQQW!2?IFAF;?3!$W3!;G!=MW3! D-1*+2'-!'$-"4'!55!,-+"$-"$,9&$6!*;-".+"-!"$.0@.,!",-!$"-2*!A$ *&'!,-+".9-6$,+$!'69! E.7"01'&-"$#&6+.-,-+"( !f!,;B?IF>CM=EE=GFI>3!PQQeW! J\!LW!RdW!RQRW!+E=EB?=3 !8W3!;G!=MW3! G-.,*-@0,-+"$+4$5!B+*$9-.,+1+56!,-@-'-,7$1+56'&C$1'!..$OO E6+.-,-=&$5-1*+2'-!$!"#$17,+;-"&$6*+4-'&$+4$$JGi$Q$1&''$6*+'-4&*!,-+">$!"#$#+6!5-"&*2-1$"&0*+#&2&" &*!,-+"( !f!,;B?IA@F3!PQR`W! KKUP`V\!LW!rerP 7^QQW!RQdW!fFE;>;X 76;??;?3!+W3!;G!=MW3! K''&'-1$#-44&*&"1&$-"$D91N,!$1+"4&*.$!',&*&#$5-1*+2'-!'$ !1,-=!,-+"$!"#$.0.1&6,-@-'-,7$,+$!'69! E.7"01'&-" E-"#01&#$#+6!5-"&*2-1$ "&0*+#&2&"&*!,-+"( !,;B?IDFIM!5FA3!PQRoW! ;a[\!LW!Por7PrQW!RQeW!2;D?F=>3!2W3!;G!=MW3! DRJ EO$&C6*&..-+"$*&"#&*.$1!,&19+'!5-"&*2-1$"&0*+".$ .0.1&6,-@'&$,+$Q E1&'' E5&#-!,&#$#&2&"&*!,-+"( !,=G!2IEEB>3!PQRdW! Z\!LW!`^``W!RQ^W!2JB3!8W3!vW!†JIB3!=>H!.W0W!*BI3! J7,+;-"&$2&"&$6+'75+*69-.5.$!"#$!f!,;B?IM!-@F3!PQRPW! K`URV\!LW!eS 7^dW!RQoW!,F;3!8W3!;G!=MW3! <+'75+*69-.5.$-"$-550"&h-"4'!55!,+*7$17,+;-"&$2&"&.$!*&$ *&'!,&#$,+$!*B@F=>I3!%W3!;G!=MW3! I8/G8L$GO))8L8/J8:$O/$QR8$OFk$lSPiImJ$K/G$ 8:LN$SP\WImK$@;!M;GG;?A3!PQRPW! Za[UPV\!LW!`RP 7`R^W!RQrW!4=?@F= 7$AL=?@F=3!&W3!;G!=MW3! J+56'&C$#&*&20'!,-+"$!"#$&C6*&..-+"$+4$1 7,+;-"&.$ !"#$5&#-!,+*.$+4$,9&$-550"&$*&.6+".&$-"$!&=GJIM3!PQRdW! JMU^V\!LW!eSd 7rSW!RRQW!5BT;3!5W2W3!;G!=MW3! Q9&$5&#-!'$!"#$'!,&*!'$.0@.,!",-!$"-2*!$-"$;GF@A3! PQQoW!OUPV\!LW!S` 7rdW!RRRW!%IAE!UpF;>>=V3!PQQQW! ;a^U`V\!LW!``e 7dRW!!##!RRPW!.IT=3!4W3!;G!=MW3! O550"+17,+19&5-1!'$!"!'7.-.$+4$,05+*$"&1*+.-.$4!1,+*$!"#$-,.$ *&1&6,+*.$-"$H!&W-W!*=XI3! :-2"!'$,*!".#01,-+"$@7$,05+*$"&1*+.-.$4!1 ,+*$ *&1&6,+*.( !2;MMBM=?!-F<>=MMF><3!PQRPW! JMU^V\!LW!RPro 7R`QeW!RRdW!4IE;X 7-=>GIA3!2W3!;G!=MW3! G+6!5-"&$-"#01&.$Q/)!'69!$!"#$Q/) ELS$&C6*&..-+"$ -"$:R E:n_n$905!"$"&0*+@'!.,+5!$1&''.( !,;B?I?;LI?G3!PQQoW! ;OUR^V\!LW!RoPe 7SW!RReW!%@4BF?;3!-W'W3!;G!=MW3! Q05+*$"&1* +.-.$4!1,+*$!'69!$-.$,+C-1$,+$&5@*7+"-1$ 5&.&"1&69!'-1$#+6!5-"&$"&0*+".( !$]L!,;B?IM3!PQQRW! ;[`UPV\!LW!PRr 7`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l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o E.7"a$8C6*&..-+"$!"#$F+1!'-b!,-+"$ -"$O#-+6!,9-1$!"#$:/JK E'-";&#$ )!5-'-!'$IG!J=K;!=>!FH;>GFCF;H!<;>;GF@!@IELI>;>G3! GJ;:!AJ=?;!YFGJ!C=EFMF=M!&5!=!?IM;!CI?!GJ;!L?IG;F>! [7A:>W!+>!GJ;!2,-3![ 7A:>!=@@IB>GA!CI?! =LL?I]FE=G;M:!Rz!IC!GIG=M!L?IG;F>!=>H!F A!MI@=MFX;H!L?FE=?FM:!F>!GJ;!@:GIAIM!IC!=]I>! G;?EF>=MA3!YFGJ!T>IY>!?IM;A!F>!E;ED?=>;!D;>HF><3!A:>=LGF@!G?=>AEFAAFI>3!=>H!LM=AGF@FG:! iR3!PjW!+>!Rrro!FG!Y=A!CF?AG!?;K;=M;H!GJ=G! =>!)M=e`"J?!U)e`"V!ABDAGFGBGFI>!F>!GJ;! [7A:>! <;>;!U:/JK V!Y=A!=AAI@F=G;H!YFGJ!:IB> A;G3!=BGIAIE=M!HIEF>=>G!&5! i`jW!-JI?GM:! GJ;?;=CG;?!FG!Y=A!AJIY>!F>!ABDZ;@GA!YFGJ!FHFIL=GJF@!&5!GJ=G!CFD?FMM=?! [7A:>!Y=A!=!E=ZI?! @IELI>;>G!IC! *;Y:!DIHF;A! idjW!-BDA;NB;>G!YI?T!FH;>GFCF;H!=HHFGFI>=M!LIF>G!EBG=GFI>A! U)`Q&3!$d^83!#eQq3!4eR5_ ie7SjV!GJ=G!F>@? ;=A;!GJ;!?FAT!IC!&5W!!"J;!;CC;@GA!IC!GJ;A;! EFAA;>A;!EBG=GFI>A!I>! [7A:>!L?IG;F>!@I>CI?E=GFI>=M!AG=G;3!AIMBDFMFG:3!E;ED?=>;! =AAI@F=GFI>3!=>H!=<!TF>;GF@A!J=K;!D;;>!;]G;>AFK;M:!AGBHF;H! -"$=-,*+ !=>H!-"$=-=+$ ir7RPjW!+>!=HHFGFI>!GI!LIF>G!EBG=GFI>A!F>! :/JK 3!HBLMF@=GFI>A!I?!G?FLMF@=GFI>A!IC!YFMHG:L;! :/JK !=?;!=MAI!@=BA=GFK;!F>!C=EFMF=M!&5W !2IMM;@GFK;M:3!GJFA!DIH:!IC!YI?T!L?IKFH;A! @IEL;MMF>@;!GJ=G! [7A:>!LM=:A!=!@;>G?=M!?IM;!F>!GJ;!L=GJILJ:AFIMI<:!IC!DIGJ! C=EFMF=M!=>H!FHFIL=GJF@!&5W !!)A!;]L;@G;H3!AG BHF;A!IC! [7A:>! EBMGFLMF@=GFI>!@=??F;?A!H;EI>AG?=G;!GJ=G! [7A:>!E(,)!=>H! L?IG;F>!=?;!;M;K=G;H!F>!GJ;A;!<;>;GF@!CI?EA!IC!GJ;!HFA;=A;!YFGJ! RWe7P7CIMH!F>@?;=A;A!F>! =DB>H=>@;!?;LI?G;H !iR`7RojW!!,IG=DM:3! :/JK$ G?FLMF@=GFI>!@=??F;?A!;]JFDFG!;=?MF;?!I>A;G! =>H!EI?; 7?=LFHM:!L?I!@=??F;?A!I?!ALI?=HF@!&5! !#-!L=GF;>GA3!CB?GJ;?!M;>HF>H;>G!F>@?;=A;A!F>![ 7A:>!=?;!=!H?FKF>!HFA;=A;!I>A;G!=>H!A;K;?FG:W!!#IY;K;?3!F>!FHFIL=GJF@!&5!GJ;!;KFH;>@;!CI?!;FGJ;?! ;M;K=G;H![ 7A:>!E(,)!I?![ 7A:>!L?IG;F>!FA!M=@TF>=M:AFA!IC![ 7A:>!E(,)!M;K;MA!YFGJF>! F>HFKFHB=M!>F;B?I>A!C?IE!;=?M:!I?!M=G;!FHFIL=GJF@!&5!ABDZ;@GA!J=A!?;K;=M;H! @I>CMF@GF>I!HFCC;?;>@;A!?;LI?G;H! iRS3!Rrj3!F>@?;=A;A!?;LI?G;H! iPQj!I?! H;@?;=A;A!?;L I?G;H! iPR3!PPjW!)>=M:AFA!IC!GIG=M![ 7A:>!L?IG;F>!M;K;MA!F>!LIAGEI?G;E! FHFIL=GJF@!&5!GFAAB;!AB<<;AGA!;FGJ;?!=!EIH;AG!G?=>AF;>G!F>@?;=A;!I?!AFEFM=?!M;K;MA!GI!=<; 7E=G@J;H!@I>G?IM! iP`jW!+>!@I>G?=AG!GI! :/JK EMF>T;H!C=EFMF=M!&53!GJ;!@I>@;LG!GJ=G!F>@?;=A;A! F>![7A:>!M;K;MA!H?FK;!L=GJILJ:AFIMI<:!F>!FHFIL=GJF@!&5!FA!M;AA!ABLLI?G;HW !!/J;?;=A!GIG=M!;]L?;AAFI>!M;K;MA!IC![ 7A:>!=LL;=?!GI!HFAGF>! @=??F;?A!C?IE!FHFIL=GJF@!&5!L=GF;>GA3!@J=><;A!F>!GJ;!AIMBDFMFG:3!E;ED?=>;!=AAI@F=GFI>3! =>H!=DB>H=>@;!IC!LI AG7G?=>AM=GFI>=MM:!EIHFCF;H!CI?EA![ 7A:>!=?;!AFEFM=?!F>!DIGJ!L=GF;>G! ABDK;AGF<=GFI>A!D;:I>H!=!CI@BA!I>![ 7A:>!=DB>H=>@;!J=K;!FH;>GFCF;H!@J=><;A! F>!@;MMBM=?!MI@=MFX=GFI>!=>H!LIAGG?=>AM=GFI>=M!EIHFCF@=GFI>A!=A!LIG;>GF=M!E;@J=>FAEA!IC![ 7A:>7E;HF=G;H!G I]F@FG:3!=A!?;KF;Y;H!F>! iRQ3!Pd7`QjW!+>!FHFIL=GJF@!&53!AGBHF;A!J=K;! @I>AFAG;>GM:!H;EI>AG?=G;H!AJFCGA!F>!GJ;!?=GFI!IC!AIMBDM;!GI!F>AIMBDM;![ 7A:>!YFGJIBG! @I>@B??;>G!@J=><;A!F>!GIG=M![ 7A:>!M;K;MAW!!-L;@FCF@=MM:\!H;@?;=A;A!F>!AIMBDM;!EI>IE;?F@! [7A:>!YFGJ!@I>@B ??;>G!F>@?;=A;A!F>!AIMBDM;!LJIALJI?:M=G;H![ 7A:>!UL-:>V!=MI>@?;=A;A!F>!E;ED?=>; 7DIB>H![7A:>!J=K;!D;;>!IDA;?K;H!F>!L=?GF@BM=?M:!KBM>;?=DM;! ?;A!U-,!=>H!@I?G;]V!F>!ALI?=HF@!&5!@=A;A! i`R3!`PjW!!-FEFM=?!IDA;?K=GFI>A!J=K;!=MAI! D;;>!E=H;!F>!A=ELM;A!H; ?FK;H!C?IE! :/JK$ G?FLMF@=GFI>!@=??F;?A3!=MD;FG!YFGJ!F>@?;=A;H! E=<>FGBH;!=>H!M;AA!?;=M!AL;@FCF@FG:! iPej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kL=M;!DIHF;Al!=?;!EI?;!ICG;>!IDA;?K;H!F>! ;=?M:!HFA;=A;!AG=<;AW!!&=M;!DIHF;A!=?;!AG?I>I?;=@GFK;!CI?! [7A:>!=>H !E=>FC;AG! =A!F>G?=@;MMBM=?!HFCCBA;3!BM=?!;IAF>ILJFMF@!E=G;?F=M!YFGJ!FMM 7H;CF>;H!DI?H;?AW!!)A! HFA;=A;!AG=<;!=HK=>@;A3!E=GB?;!@:GILM=AEF@!*.A!L?;HIEF>=G;!IK;?!L=M;!DIHF;A!=>H! HFCC;?!AMF!=LL;=?=>@;!H;L;>HF>!MI@=GFI>!F>!GJ;!@I?G;]!I?!D?=F>AG;E !i`R7``jW!/FGJ!F>@?;=AF>H!*,!F>@MBAFI>A!HFALM=:!=!H;>A;!@I?;!YFGJ!?=HF=GF>G A3!=>H!=?;!AG?I> 7-!LIAFGFK;!CI?!D;G= 7AJ;;G!AG?B@GB?;!=>H!?;AFAG=>G!GI! HF<;AGFI>!D:!L?IG;F>=A; 78!i`d3!`ej!!)MGJIB!&5!D?=F>3!FG!I@@B?A!F>!Y;MM 7H;CF>;H!?;A! F>@MBHF>GF=!>FG=M! =>H!L=?F;G=M!@I?GF@;A! i`^jW!.?==T!=>H!@IMM;=!GJ;!MI@=GFI>!IC! L-:>!*.!=>H!*,! F>@MBAFI>AW!.?==T!L?ILIA;H!GJ=G!F>@MBAFI>A!=?;! CF?AG!CIB>H!F>!GJ;!IMC=@GI?:!DBMD!=>H!HI?A=M!EIGI?!>B@M;BA!IC!GJ;!K=;?K;3!=>H!CIMMIY! !$)!=>!=A@;>HF>!GJ?IBAG;E!=>H!CF>=MM:!GJ;!@I?G;]! i`o3!`Sj3!M;>HF> 7MFT;!HFA;=A;! i`^3!`S3!`rjW!!#IY;K;?3!FG!AJIBMH!D;!>IG;H!GJ=G! |eQz!IC!@=A;A!HI!>IG!CIMMIY!GJFA!AG=!AG;LYFA;!=@@BEBM=GFI>!IC!*;Y:!L=GJIMI<:!D=A;H!I>!HFCC;?; >GF=M!KBM>;?=DFMFG:!L?ICFM;A!IC!K=?FIBA!@;MM!G:L;A!=>H!?;A! iddjW!!$49E:#?"QC7NN7$?#" !!+>!?;@;>G!:;=?A3!>;B?IF>CM=EE=GFI>!J=A!D;;>!L?ILIA;H!=A!=!@I>G?FDBGI?!GI! >;B?IH;<;>;?=GFI>!F>!&5!=>H!=!LIG;>GF=M!G=?<;G!CI?!HFA;=A;!EIHFCF@=GFI>W!!$=?M:! IDA;?K=GFI>A!IC!LIAG 7EI?G;E!GFAAB;!H;A@?FD;!=!MI@=M!F>@?;=A;!F>!F>CM=EE=GI?:!E=?T;?A!F>! GJ;!-,!=AAI@F=G ;H!YFGJ!EF@?IIG=DM:!JBE=> 7M;BTI@:G;! =>GF<;>75!?;M=G;H!U#*)75(_ide7dSjV3!GJ;!JBE=>!=>=MIGF<;>!L?;A;>G=GFI>VW!!,IG!I>M:!J=A!F>@?;=A;H!%#2 7++!;]L?;AAFI>!D;;>!IDA;?K;H3!FG!@I??;M=G;A! LIAFGFK;M:!YFGJ![ 7A:>!DB?H;>! idrjW!%I?;!?;@;>G!YI?T!J=A!FELMF@=G;H!EBG=GFI>A!F>!#*) 75(!F>!=EL MFCF;H!?FAT!CI?!H;K;MILF>H!M;K;MA!IC!%#2 7++!=?;!F>@?;=A;H!F>!@=A;A!IC! +>@FH;>G=M!*;Y:!.IH:!5FA;=A;!U.?==T!AG=<;!+ 7++_!ieQj!AB<<;AGF>CM=EE=GFI>!E=:! D;!=G!M;=AG!F>!L=?G3!=!@I>G?FDBGF>;?=GFI>! ieRjW!'>!=!D?I=H!M;K;M3! @:GITF>;!E;=AB?;E;>GA!C?IE!L=GF;>G!DFICMBFHA!ULM=AE=!=>H!2-6V!J=K;!@I>AFAG;>GM:! AJIY>!H;KF=GFI>A!C?IE!>I?E=M!L?IF>CM=EE=GI?:!=>H!=>GF 7F>CM=EE=GI?:!@:GITF>;!M;K;MA! @IEL=?;H!GI!@I>G?IMA3!=MGJIBCMF@GF>H!E=:!AG;E!C?IE!K=?F=>@;!F>! ABDZ;@G!H FA;=A;!HB?=GFI>!=>H!GFE;!IC!A=ELM;!@IMM;@GFI>! ieP7edj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o E.7"$!4FK;>!GJ=G!FHFIL=GJF@!&5!FA!>IG!=AAI@F=G;H!YFGJ!=>!F>@?;=A;!F>!GIG=M ![7A:>!L?IG;F>!M;K;MA3! A:>B@M;F>IL=GJ:!GJ=G!=?FA;A!F>!GJ;!@I>G;]G!IC!>I?E=M!;>HI<;>IBA![ 7A:>!M;K;MA!YIBMH! EI?;!C=FGJCBMM:!?;@=LFGBM=G;!=!T;:!@J=?=@G;?FAGF@!IC!GJ;!>I> 7<;>;GF@!CI?E!IC!&5W!+>! @I>G?=AG3!L?;KFIBA!EIH;MA!J=K;!?;MF;H!I>!!UG? =>A<;>F@AV!I?! G=?<;G;H!IK;?;]L?;AAFI>!UKF?=M!K;@GI? 7E;HF=G;HV!IC![ 7A:>!U"=DM;!RVW!!"J;![ 7A:>! L?;CI?E;H!CFD?FM!U&66V!EIH;M!?;L?;A;>GA!=>!=LL?I=@J!F>!YJF@J!A:>B@M;F>IL=GJ:!FA! F>HB@;H!F>!=>!;>KF?I>E;>G!IC!>I?E=M![ 7A:>!L?IG;F>!M;K;MAW!"JFA!Y=A!CF?AG!H;K;MIL;H! -"$=-,*+ !D:!F>G?IHB@GFI>!IC![ 7A:>!&66A!GI!L?FE=?:!>;B?I>=M!@BMGB?;AW!.?F;CM:3![ 7A:>!CFD?FMA!=?;! <;>;?=G;H!C?IE!?;@IEDF>=>G! [7A:>! EI>IE;?A!=>H!AI>F@=G;H!GI!CI?E!AE=MM;?!|eQ!>E! C?=GA!YJF@J!=?;!F>G?IHB@;H!GI!@;MM!@BMGB?;! ieejW!"J;!&66A!=?;!F>G;?>=MFX;H!D: !>;B?I>A3!G;ELM=G;!=>H!?;@?BFG!;>HI<;>IBA![ 7A:>!=>H!=@@BEBM=G;!=A!F>@MBAFI>A!IC! F>AIMBDM;!L-:>! iee7eojW!"J;!L-:>!F>@MBAFI>A!BMGFE=G;M:!M;=H!GI!>;B?I>=M!H:ACB>@GFI>!=>H! H;<;>;?=GFI>W!"JFA!GI]F@FG:!FA!>IG!HB;!GI!F>G?IHB@GFI>!IC!&66A! 6&*$.& !DBG!@=>!D;!HF?;@GM :!MF>T;H!GI!GJ;!?;@?BFGE;>G!IC!;>HI<;>IBA![ 7A:>!F>GI!F>@MBAFI>A!=A!;KFH;>@;H!D:!GJ;!C=@G! GJ=G!&66A!HI!>IG!F>HB@;!GI]F@FG:!YJ;>!=LLMF;H!GI![ 7A:>7b7!L?FE=?:!>;B?I>A! iee3!eSjW$$!$#!G&=&'+65&",$+4$%-#&.6*&!#$F&%7 E'-;&$!&66!EIH;M!J=A!AF>@;!D;;>!;]G;>H;H!GI!YFMHG:L;!EF@;! ierj!=>H!?=GA! i^Q7^Pj!=>H!EIAG!?;@;>GM:!>I> 7JBE=>!L?FE=G;A! i^`jW!"J;A;!AGBHF;A!H;EI>AG?=G;!GJ=G!HF?;@G! F>G?=@;?;D?=M!F>Z;@GFI>!IC![ 7A:>!&66A!M;=HA!GI!=@@BEBM=GFI>!IC!F>AIMBDM;!L-:>!F>@MBAFI>A! ?;A ;EDMF>!=>!;>KF?I>E;>G!IC!>I?E=M!;>HI<;>IBA![ 7A:>!;]L?;AAFI>!M;K;MA W!"J;!AFEFM=?FG:!D;GY;;>! [7A:>!&66!F>HB@;H!L-:>!F>@MBAFI>A!=>H! JBE=>!*;Y:!L=GJIMI<:!FA!L=?GF@BM=?M:!AG?FTF>GA!LIAG 7F>Z;@GFI>3!L-:>! FEEB>I?;=@GFK;!F>@MBAFI>A!?;A;EDM;!L=M;!DIHF;A\!BM=?3!HFCCBA;!=>H!@:GILM=AEF@! U6F!F>@MBAFI>A!@I>H;>A;!F>GI!EI?;!@IEL=@G!=<!F>@MBAFI>A!@IMI@=MFX;!YFGJ!E=?T;?A!@IEEI>M:!IDA;?K;H!F>!JBE=>!*.A! F>@MBHF>H!BDFNBFGF>3!@I>AFAG!IC![ 7A:>!IMFH!CFD?FMA3!=>H!=?;!=MAI! "JFICM=KF> 7-!LIAFGFK;!=>H!L?IG;F>=A; 78!?;AFAG=>G! i^Q3!^RjW!!"YI!LJIGI>!EF@?IA@IL:!J=A! @I>CF?E;H!GJ=G!>;B?I>A!GJ=G!CI?E!GJ;A;!L-:>!F>@MBAFI>A!BMGFE=G;M:!H;<;>;?=G;!! i^djW!-FEFM=?M:3!GJ;! E=<>FGBH;!IC!L-:>!F>@MBAFI>!CI?E=GFI>!IDA;?K;H!F>!GJ;!ABDAG=>GF=!>FGJA!CIMMIYF>Z;@GFI>!@=>!D;!BA;H!GI!L?;HF@G!GJ;!BMGFE=G;!;]G;>G!IC!>F;?=GFI>!IDA;?K;H!=G!^!EI>GJA! i^Rj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i`^jW!!$/&0*+-"4'!55!,-+" $!+>!=HHFGFI>!GI!<;>;?=GF>G?=AG?F=G=M!F>Z;@GFI>!IC![ 7A:>!&66A! =MMIYA!CI?!F>K;AGF<=GFI>A!GI!H;MF>;=G;!GJ;!GFE;!@IB?A;!IC!GJ;!F>CM=EE=GI?:!?;ALI>A;!F>! GJ;!ABDAG=>GF=!>FZ;@GFI>!AFG;!UAG?F=GBEV!FA!AL=GF=M M:! A;L=?=G;H!C?IE!GJ;!ABDAG=>GF=!>FCM=EE=GFI>!?;M=G;H!GI!AB?Z;@GFI>!FA! EF>FEFX;HW!+>G?=AG?F=G=M!F>Z;@GFI>!IC!&66A3!DBG!>IG!K;JF@M;!I?!IGJ;?!L?IG;F>!@I>G?IMA3! F>HB@;A!L;=T!?;=@GFK;!EF@?I!GJ;!ABDAG=>GF=!>FGJA3! @I??;ALI>HF>G!F>!YJF@J!GJ;!BED;?!IC!L-:>!F>@MBAFI>A!=?;! IDA;?K;H! i^RjW!!+>!=HHFGFI>3!=!L-:>!AL;@FCF@!F>@?;=A;!F>!%#2 7++!FEEB>I?;=@GFK;!EF@?IG3!AF<>FCF@=>GM:!@I??;M=GF>!F>@MBAFI>!MI =HW!!"JFA!?;M=GFI>AJFL!D;GY;;>!%#2 7++!FEEB>I?;=@GFKFG:!=>H![ 7A:>!F>@MBAFI>!DB?H;>!FA! ?;EF>FA@;>G!GI!YJ=G!J=A!D;;>!?;LI?G;H!F>!FHFIL=GJF@!&5! idrj!L?IKFHF>!&66!EIH;MW !!!!!!!$%!&@!\U@I"!#S9:9]8:9@@?#"!7"7C#L#E@!$#!?D?#87$6?F!=BW !!L&'-!"1&$+"$.06*!697.-+'+2-1!'$o E.7"$'&=&'.$!"#$'!1;$+4$6*+,*!1,&#$F&%7 E'-;&$6!,9+'+27 $!%IH;MA!F>HB@;H!D:!F>G?=>FZ;@GFI>!IC!=H;>I=AAI@F=G;H!U))pV!I?!M;>GFKF?=M!U*pV! K;@GI?A! IK;?;]L?;AAF>!YFMHG:L;!I?!EBG=>G![ 7A:>!ICG;>!?;ABMG!F>!H?=E=GF@! F>@?; =A;A!F>!GJ;!M;K;MA!IC!L?IG;F>! i^^7odjW!)MGJIB=M!L?IG;F>!M;K;MA!=?;!GFG;?! H;L;>H;>G3!E=>:!AGBHF;A!?;LI?G!M;K;MA!IC![ 7A:>!P 7PQ]!JF!>I?E=M!;>HI<;>IBA! ;]L?;AAFI>!M;K;MA3!=A!?;KF;Y;H!;]G;>AFK;M:! ioejW!!)A!GJ;A;!M;K;MA!C=?!;]@;;H!GJIA;! IDA;?K;H!F> !;FGJ;?!FHFIL=GJF@3!HBLMF@=GFI>!=>H!;K;>!-,2)!G?FLMF@=GFI>!@=??F;?A3!GJ;:!?=FA;! GJ;!LIG;>GF=M!CI?!L=GJILJ:AFIMIFAEA!AL;@FCF@!GI!ABL?=LJ:AFIMI! ;]L?;AAFI>3!E;@J=>FAEA!GJ=G!E=:!>IG!D;!?;M;K=>G!GI!FHFIL=GJF@!&5W!!+>H;;H3!GJ;! HIY>?;!IC!EBMGFLM;!G?ILJF@!C=@GI?!?;ALI>AFK;!<;>;A!FA!IDA;?K;H!YFGJ!d 7CIMH3!DBG!>IG!MIY;?![ 7A:>!IK;?;]L?;AAFI>!M;K;MA! iRS3!o^jW!!O"$=-,*+ !AGBHF;A!AJIY!GJ=G!CIMMIYF>AHB@GFI>3!>;B?I>A!?;M;=A;!EBMGFLM;!CI?EA!IC![ 7A:>! ioojW!+G!FA!GJ;?;CI?;!MFT;M:!GJ=G![ 7A:>! FA!AFEFM=?M:!?;M;=A;H!C?IE!>;B?I>A!G?=>AHB@;H! -"$=-=+ W!+G!FA!B>@M;=?!GI!YJ=G!;]G;>G! F>@MBAFI> 7D;=?F>;B?I>A!?;M;=A;![ 7A:>3!FC!=G!=MMW! !!*;Y:!L=GJIMI<:!F>!&5!FA!YFH;AL?;=H!=>H!MFT;M:!H;K;MILA!F>!EBMGFLM;!?;A! @I>@B??;>GM:W!!+>!@I>G?=AG3!))p!=>H!*p 7E;HF =G;H!IK;?;]L?;AAFI>!EIH;MA!H?FK;![ 7A:>! ;]L?;AAFI>!F>!HFA@?;G;!@F?@BFG?F;A3!EIAG!ICG;>!GJ;!>FIGJ;?! @I>AFH;?=GFI>!FA!GJ;!CI?E!IC!*;Y:!L=GJIMI<:!<;>;?=G;H!D:![ 7A:>!IK;?;]L?;AAFI>W! )MGJIB!FEEB>I?;=@GFK;!=>H!L?IG;F>=A; 78!?;AFAG=>G!F >@MBAFI>A!J=K;!D;;>! ?;LI?G;H!GJ;:!=?;!EIAG!ICG;>!AE=MM!=>H!LB>@G=G;! iodj!F>!@I>G?=AG!GI!GJ;!M=?<;3! @:GILM=AEF@!=<!F>!JBE=>!&5!=>H!F>!GJ;![ 7A:>!&66!EIH;MW!6B?GJ;?3! !$*!C?;NB;>GM:!GJ;!L-:>!F>@MBAFI>A!<;>;?=G;H!CIMMIYF>!IK;?;]L?;AAFI>!=?;!MI@= MFX;H! GI!GJ;!>B@M;BA!U6FMFT;!GJ;!@:GILM=AEF@!*.A!GJ=G!=?;!GJ;!J=MME=?T!IC!&5!=>H! =?;!IDA;?K;H!F>!GJ;!&66!EIH;MW!!)!H?=E=GF@!?FA;!F>!@:GIAIMF@!L-:>!J=A!D;;>! HI@BE;>G;H!F>!&5! iP`j3!=>H!GJBA!L-:>!MI@=MFX;H!GI!GJ;!>B@M;BA!GJ=G!FA!IDA;?K;H!YFGJ! KF?= M!K;@GI? 7E;HF=G;H![ 7A:>!IK;?;]L?;AAFI>!YIBMH!L?;K;>G!L-:>9A!=DFMFG:!GI!F>G;?=@G!YFGJ! @:GILM=AEF@!L?IG;F>A!=>H!AG?B@GB?;AW! !!"?=>A<;>F@!EIH;MA!IK;?;]L?;AAF>G![ 7A:>!@I>AFAG;>GM:!HFALM=:! YFH;AL?;=H!A:>B@M;F>!L=GJIMI<:!F>@MBHF>=A; 78!?;AFAG=>G!F>@MBAFI>A!=>H! D;J=KFI?=M!H;CF@FGA! ioS3!orjW!!/JFM;!GJ;?;!=?;!AIE;!;]@;LGFI>A! iSQj3!GJ;!E=ZI?FG:!IC! G?=>A<;>F@!EIH;MA!HI!>IG!;]JFDFG!?IDBAG3!L?IG?=@G;H!>F;?=GFI>! iSR3!SPj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iS`7Sej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p!EIH;MA! IK;?;]L?;AA!JBE=>![ 7A:>3!>IG!?IH;>G![ 7A:>3!F>!?=GA!=>H!EF@;! ioe3!S^jW!)A!?=G!=>H! EIBA;! [7A:>!HFCC;?A!C?IE!JBE=>![ 7A:>!D:!S!=EF>I!=@FHA3!FG!FA!LM=BAFDM;!GJ=G!IK;?;]L?;AAFI>!IC! GJ;!CI?;F<>!JBE=>!L?IG;F>!E=:!F>FGF=G;!=>!=?GFCF@F=M!F>CM=EE=GI?:!?;ALI>A;W! !!5#"FCE@?#"@!!"J;!=DFMFG:!GI!=HK=>@;!IB?!B>H;?AG=>HF>!FHFIL=GJF@!&5!=>H! L?;HF@G!GJ;!;CCF@=@:!IC!>IK;M!GJ;?=L;BGF@A!FA!H;L;>H;>G!I>!GJ;!CFH;MFG:!IC!=>FE=M!EIH;MA!GI! GJ;!HFA;=A;!AG=G;W!/J;>!EIH;MF>@;!IC!*. 7MFT;! [7A:>! F>@MB AFI>A!YFGJF>!GJ;!@I>G;]G!IC!>I?E=M!;>HI<;>IBA![ 7A:>!M;K;MA!F>!EBMGFLM;!D?=F>! ?;A3!YJF@J!BMGFE=G;M:!?;ABMGA!F>!L?IF;?=GFI>!=?;!=>! ;AA;>GF=M!EIH;M!C;=GB?; W!!/JFM;![7A:>!IK;?;]L?;AAFI>!EIH;MA!J=K;!=HK=>@;H!IB?! B>H;?AG=>HF>7E;HF=G;H!GI]F@FG:3!GJ;:!H;L;>H!I>!CI@=M!;]L?;AAFI>!IC! ABL?=LJ:AFIMI!F>!=!MFEFG;H!@F?@BFG?:W!+>!@I>G?=AG!GI! :/JK EMF>T;H! C=EFMF=M!&53!@MF>F@IL=GJIMI@;!HI;A!>IG!ABLLI?G!GJ;!@I>@;LG!GJ=G!F>@?;=A;A!F>![ 7A:>!M;K;MA!H?FK;!L=GJI LJ:AFIMI<:!F>!FHFIL=GJF@!&5!=>H!GJ;?;CI?;![ 7A:>!IK;?;]L?;AAFI>! E=:!G?F<<;?!L=GJI<;>F@!E;@J=>FAEA!GJ=G!E=:!>IG!D;!?;M;K=>G!GI!FHFIL=GJF@!&5W!/;! !$,!L?ILIA;!GJ=G!YFH;AL?;=H!=@@BEBM=GFI>!IC!*;Y:!DIH: 7MFT;!F>@MBAFI>A!F>HB@;H!D:!F>Z;@GFI>! IC!&66A!F>!GJ;!@I>G;]G!IC! >I?E=M![ 7A:>!M;K;MA3!BMGFE=G;M:!?;ABMGF>!HIY>AG?;=E! F>CM=EE=GFI>!=>H!L?IF;?=GFI>3!EI?;!C=FGJCBMM:!EIH;MA!GJ;!A;NB;>@;! IC!;K;>GA!F>!FHFIL=GJF@!&5W!"JBA3!GJ;!A:>B@M;F>IL=GJ:!F>HB@;H!D:![ 7A:>!&66!F>Z;@GFI>A! ?;L?;A;>GA!=>!;]@;LGFI>=M!L? ;@MF>F@=M!&5!EIH;M!GI!F>K;AGF<=G;!GJ;!L=GJI<;>F@! @I>G?FDBGFI>!IC!;>HI<;>IBA![ 7A:>3!=>H!=AA;AA!>IK;M!HFA;=A; 7EIHFC:F>AFH;?=GFI>A!YJ;>!EIH;MF>! ?IH;>GA !)DD?;KF=GFI>A\!))p—!=H;>I=AAI@F=G;H!KF?BA_! [7A:>—!=MLJ= 7A:>B@M;F>3!&5—!&=?TF>AI>9A! HFA;=A;_!&66A—!=MLJ= 7A:>B@M;F>!L?;CI?E;H!CFD?FMA_!-,—!ABDAG=>GF=!>F;IBA! [7A:>!IK;?;]L?;AAFI>! =>H!=<!L?I;?=GFI>!IK;?!GJ;!@IB?A;!IC! Y;;TA !!'$:7?L6$Q#:T7:D !5FAGF>@G!F>G;?K=M!IC!F>@MBAFI>! CI?E=GFI>!CIMMIY;H!D:!H;<;>;?=GFI>! IK;?!=!L?IG?=@G;H!GFE;! @IB?A; !!&"d9F$?#"!7:$?Q7F$ !!!5#"Q#E"D !5F?;@G!F>Z;@GFI>A!F>GI!GJ;!-,!L?IHB@;! E=?T;H!>;B?IF>CM=EE=GI?:!?;ALI>A;! GJ=G!@=>!E=T;!F>G;?L?;G=GFI>!HFCCF@BMG !!!%9@@!#Q!7!Q7F$#: !5F?;@G!F>Z;@GFI>A!F>GI!GJ;!AG?F=GBE! J=K;!M;AA!IC!=>!FEL=@G!YFGJF>!GJ;! -,!!\U@I"EFC9?"! C9S9C@ !!!4#$!7"7C#L#E@!$#!?D?#87$6?F!=B !2I>GF>BIBA!ABL?=LJ:AFIMI! M;K;MA!L?IHB@;H!D:!CI?@;H! IK;?;]L?;AAFI>!=?;!>IG!=>=MII?E=M!M;K;MA!IC! [7A:>!!-]$:7"?L:7C! \U@I"EFC9?"! 87$6#C#LI !!4#$!8:9@9"$ !&=GJIMI<:!MFEFG;H!GI!GJ;!>F=GFI>!IC! ;K;>GA!IBGAFH;!IC!>FG?=AG?F=G=M!F>Z;@GFI>!IC! [7A:>!&66A!?;ABMGA!F>! =@@BEBM=GFI>!IC!LJIALJI?:M=G;H! [7A:>!UL-:>3! ?;HV!F>@MBAFI>A!F>!GJ;! @:GILM=AE!IC! -,@ !>;B?I>A3!AFEFM=?!GI!@:GILM=AEF@!*;Y:!DIHF;A!F>!&5W! Pc!+>G?=>F!YFMHG:L;![ 7A:>!?;ABMGA!F>!?IDBAG! IK;?;]L?;AAFI>!IC!JBE=>![ 7A:>!UV!YFGJ!?;M=GFK;M:!C;Y!L-:>!F>@MBAFI>A!U?;HV!F>!GJ;! @:GILM=AEW!!L-:>!F>@MBAFI>A!F>HB@;H!D:!))p 7E;HF=G;H!IK;?;]L?;AAFI>!IC![ 7A:>!=?;! L?;HIE F>=>GM:!>B@M;=?W! 5c!$KIMBGFI>!IC!*;Y:!DIH: 7MFT;!L-:>!F>@MBAFI>!CI?E=GFI>!F>!GJ;! ABDAG=>GF=!>FHB@;H!D:!F>G?=AG?F=G=M!&66!F>Z;@GFI>W!!+>@MBAFI>A!CIMMIY!=!AFEFM=?! L=GG;?>!GI!GJ=G!IDA;?K;H!F>!JBE=>!&53!YFGJ!FEE=GB?;!F>@MBAFI>A!=LL;=?F>H!BM=?! =>H!D;@IEF>A;!=>H!@IEL=@G!IK;?!GFE;W! Bc!2IEL=?FAI>!IC!%#2 7++!;]L?;AAFI>!S! Y;;TA!CIMMIYF>G?=>F!YFMHG:L;![ 7A:>!K;@GI?!F>Z;@GFI>!I?!F>G?=AG?F=G=M! F>Z;@GFI>!IC!AI>F@=G;H!L?;CI?E;H!EB?F>;![ 7A:>!CFD?FMA!I? !&.-W!+>!=MM!@=A;A!>I!MIAA!IC!>F;!>;B?I>A!Y=A!IDA;?K;HW!+>Z;@GFI>!IC!))pPbe!46&!I?!JBE=>![ 7A:>!FA!=AAI@F=G;H!YFGJ! ?IDBAG!F>@?;=A;A!F>!%#2 7++!I>!EF@?I@;LJ=MI>3!AB<<;AGF>CM=EE=GFI>!IDA;?K;H!FA!M=?<;M:!=GG?FDB G=DM;!GI!AB?Z;@GFI>!=G!GJ;!G?=>AHB@GFI>!AFG;W!!+>! !!!%)!*?LE:9!JG;!F#"$AD !@I>G?=AG3!F>G?=AG?F=G=M!F>Z;@GFI>!IC!&66A!?;ABMGA!F>!%#2 7++!;]L?;AAFI>!EI?;!MI@=MFX;H!GI!GJ;! -,@ 3!YFGJ!C;Y!GI!>I!%#2 7++!FEEB>I?;=@GFK;!EF@?IG!F>!&.-!F>Z;@G;H!=>FE=MAW! !)DD?;KF=GFI>A\!?))pPbe—!?;@IEDF>=>G!=H;>I=AAI@F=G;H!KF?BA!Pbe_! [7A:>—!=MLJ= 7A:>B@M;F>3! 46&—!!CMBI?;A@;>G!L?IG;F>_!%#2 7++—!E=ZI?!JFAGI@IEL=GFDFMFG:!@IELM;] 7++_!&.-—!LJIALJ=G;! DBCC;?;H!A=MF>;_!&66A—!=MLJ= 7A:>B@M;F>!L?;CI?E;H!CFD?FMA_!L-:>!—!=MLJ= 7A:>B@ M;F>! LJIALJI?:M=G;H!=G!A;?F>;RPr_! -,@ —!ABDAG=>GF=!>F=>G! =H;>I7=AAI@F=G;H!KF?=M!K;@GI?!LA;BHIG:L;!Pbe!U?))pPbeV!Y=A!BA;H!GI! IK;?;]L?;AA!JBE=>!YFMHG:L;![ 7A:>!U?))p 7JB7[7A:>V!I?!!CMBI?;A@;>G!L?IG;F>!U46&V! =>H!@I>AG?B@G;H!=A!L?;KFIBAM:!H;A@?FD;H! iSo3!SSj3!?;ABMGF>!=!CF>=M!GFG;?!IC!RWS!]!RQ RP!<;>IE;!@ILF;A! L;?!EM! iSSj!I?!RWS!]!RQ R`!<;>IE;!@ILF;A!L;?!EM! iSoj3!?;AL;@GFK;M:W!%=M;! ?=GA!?;@;FK;H!GYI!B>FM=G;?=M!>FZ;@GFI>A!IC!?))pPbe 7JB7[7A:>!UdyM!GIG=M_!)&!–eW`!EE3! %*!}!PWQ!EE3!5p!–oWP!EE!=>H!)&!–^WQ!EE3!%*!}!PWQ!EE3!5p!–oWP!EE!?;M=GFK;!GI! HB?=V!I?!?))pPbe 746&!=G!=!?=G;!IC!QWeƒMbEF>BG;3!PyM!L;?!AFG;W!)>FE=M A!Y;?;!;BGJ=>FX;H!S! Y;;TA!CIMMIYF>Z;@GFI>!=A!H;A@?FD;H!D;MIYW! !!<))$I&"&*!,-+"$!"#$O",*!.,*-!,!'$O"B&1,-+" $&B?FCF@=GFI>!IC!?;@IEDF>=>G3!CBMM 7M;>!=>H!F>! =-,*+ !CFD?FM!=AA;EDM:!=>H! F>G?=AG?F=G=M!F>Z;@GFI>A!Y;?;!L;?CI?E;H!=A!L?;KFIBAM:!H;A@? FD;H!ie^3!er3!^RjW!!&?FI?!GI! AI>F@=GFI>3![ 7A:>!CFD?FMA!Y;?;!=AA;AA;H!GI!K;?FC:!M=@T!IC!@I>G=EF>=GFI>!U*)*!)AA=:3!U|R! $>HIGI]F>!1>FGA!bE@;!IC!JFG=GFI>! =AA=:V3!D;G=!AJ;;G!@I>CI?E=GFI>!U"JFICM=KF>!"V!=>H!AG?B@GB?; !UG?=>AEFAAFI>!;M;@G?I>! EF@?IA@IL:VW!&?FI?!GI!F>Z;@GFI>3!&66A!Y;?;!GJ=Y;H3!HFMBG;H!F>!AG;?FM;!5BMD;@@I9A!&.-! U5&.-3!PyH!AI>F@=G;H!=G!?IIE!G;EL;?=GB?;!BAF>!BMG?=AI>F@=GF>FX;?!U`QQp"_!.FIMI@W3!%=>=AA=A3!p)V!YFGJ!GJ;!LBMA;?!A;G!=G !PQz3!LIY;?! IBGLBG!=G!`Qz!CI?!^Q!LBMA;A!=G!R!A;@I>H!;=@JW!!-I>F@=G;H!&66A!Y;?;!T;LG!=G!?IIE! G;EL;?=GB?;!GJ?IB!IC!GJ;!AB?GJ!IMH!?=GA! Y;?;!H;;LM:!=>;AGJ;GFX;H!YFGJ!FAICMB?=>;!=>H!?;@;FK;H!GYI!PyM!B>FM=G;?=M!F>G? =AG?F=G=M! !%$!F>Z;@GFI>A!UdyM!GIG=M_!)&!}RW^3!%*!}PWd3!5p! 7dWP_!)&! 7RWd3!%*!}PWQ3!5p! 7oWQ!C?IE!ATBMMV! ;FGJ;?!IC!AI>F@=G;H!EIBA;![ 7A:>!&66A!UPy!;NB=M! KIMBE;!IC!5&.-!=G!=!?=G;!=G!QWeƒMbEF>BG;W!+>Z;@GFI>A!Y;?;!=HEF>FAG;?;H!E=H;! BAF>;;HM;!=GG=@J;H!GI!=!RQ!ƒM!#=EFMGI>!A:?F><;W!)CG;?!;=@J!F>Z;@GFI>3!GJ;! >;;HM;!Y=A!M;CG!F>!LM=@;!CI?!R!EF>BG;3!?;G?=@G;H!QWe!EE3!M;CG!F>!LM=@;!CI?!=>!=HHFGFI>=M!P! EF>BG;A!=>H!GJ;>!AMIYM:!YFGJH?=Y>W!!)>FE=MA!Y;?;!EI>FGI?;H!LIAG 7AB?<;?:!= >H!;BGJ=>FX;H!=G!EI>GJM:!F>G;?K=MA!BL!GI!^!EI>GJAW !!O550"+9-.,+19&5-.,*7 $)MM!=>FE=MA!Y;?;!;BGJ=>FX;H!KF=!L;>GID=?DFG=M!IK;?HIA;!U^QEH!F>G?=@=?HF=MM:! L;?CBA;H!YFGJ!J;L=?F>FX;H!QWrz!A=MF>;!CIMMIY;H!D:!@IMH!dz!L=?=CI?E=MH;J:H;!F>!QWR%! &'dW!.?=F>A!Y;?; !;]G?=@G;H!=>H!LIAG 7CF];H!F>!dz!&6)!CI?!dS!JIB?A!=>H!LM=@;H!F>!`Qz! AB@?IA;!B>GFM!AB>TW!!.?=F>A!Y;?;!C?IX;>!I>!=!AMFHF>H!@BG!=G!dQyEW!!!6?;; 7CMI=GF>A!UR\^!A;?F;AV!Y;?;!G?=>AC;??;H!GI!QWR%!G?FA!DBCC;?;H!A=MF>;!U".-VW!! 6IMMIYF>HI<;>IBA!L;?I]FH=A;A!Y;?;!NB;>@J;H!F>!`z!# P'P!CI?!R!JIB?!=>H! ?F>A;H!F>!".-W!!-;@GFI>A!Y;?;!DMI@T;H!F>!RQz!>I?E=M! 7v!RQQ!F>! ".-!U,4-3!4FD@I_!"] 7RQQ!6FA@J;?!-@F;>GFCF@V!CI?!R!JIB?W!6IMMIYF>A!Y;?;! M=D;M;H!YFGJ!GJ;!CIMMIYF>GFDIHF;A\!EIBA;!=>GF 7JBE=> ![7A:>!!UG?=>AHB@GFI>! K;?FCF@=GFI>_!+>KFG?I<;>3!2=?MAD=H3!2)_!)#.QP^R_!R\PQQQ_! iSojV3!EIBA;!=>GF 7LJIALJI?:M=G;H![ 7A:>!=G!-;?F>;!RPr!UL-:>3!SR)_!)D@=E3!2=ED?FH<;3!%)_!).RSd^od_! R\RQ3QQQ_!i^RjV3!!I?!EIBA;!=>GF 7?=G! E=ZI?!JFAGI@IEL=GFDFMFG:!@IELM;] 7++!CI?!=>GF<;>! L?;A;>GF>;!'v 7^_!.FI(=H3!#;?@BM;A3!2)_!%2)d^43! R\eQQQ_!i^RjV!IK;?>FA!Y;?;!F>@BD=G;H!F>! !%%!DFIGF>:M=G;H!A;@I>H=?:!=>GFDIHF;A!UR\eQQV!=<=F>AG !EIBA;!+<4!U%FMMFLI?;3! ";E;@BM=3!2) _!)&RPd.V!CIMMIY;H!D:!Y=AJ;A!F>!".-!=>H!P 7JIB?!F>@BD=GFI>!YFGJ!p;@GI?!).2!AG=>H=?H! H;G;@GFI>!TFG!Up;@GI?!*=DI?=GI?F;A3!.B?MF><=E;3!2)_!&8 7^RQQVW!!*=D;MF>!=>H! %#2 7++!Y=A!KFAB=MFX;H!D:!H;K;MILE;>G!F>!QWe!EID;>XFHF>;!U5)._! -FH!QWQ`z!# P'PW!-MFH;A!Y;?;!H;J:H?=G;H!F>! =A@;>HF>IM!A;?F;A!GJ;>!]:M;>;A!D;CI?;!@IK;?AMFLLF>!-@F;>GFCF@3!/=MGJ=E3!%)V!=>H!FE=<;H!I>!=!,FTI>!$@MFLA;!rQF!EF @?IA@IL;!YFGJ!=! q+2)%!@=E;?=! Uq+E=<3!-B??;:3!.?FGFAJ!2IMIEDF=3!2=>=H=V!=>H!,FTI>!$M;E;>GA!)(! UK;?AFI>!dWeQWQQ3!%;MKFMM;3!,0VW !!$O550"+4'0+*&.1&"1& $!6?;; 7CMI=GF>A!UR\^!A;?F;AV!Y;?;!G?=>AC;??;H!GI!QWR%!G?FA!DBCC;?;H!A=MF>;!U".-V! =>H!Y=AJ;HW!!-;@G FI>A!Y;?;!DMI@T;H!F>!RQz!>I?E=M! 7v!RQQ!F>! ".-!U,4-3!4FD@I_!"] 7RQQ!6FA@J;?!-@F;>GFCF@V!CI?!R!JIB?W!6IMMIYF>A!Y;?;! M=D;M;H!YFGJ!EIBA;!=>GF 7JBE=>![ 7A:>!U+<4R_! +>KFG?I<;>!)#.QP^R_! R\PQQQV!=>H!EIBA;! =>GF7LJIALJI?:M=G;H![ 7A:>!UL-:>3!SR)_!+<4P=_!)D@=E3!2=ED?FH<;3!%)_!).RSd^od_! R\RQ3QQQV!IK;?>FA!Y;?;!Y=AJ;H!=>H!F>@BD=G;H!F>!A;@I>H=?:! =>GFDIHF;A!GF 7EIBA;!=<=F>AG!SR)!+<4P)!U+>KFG?I<;>_!2=?MAD=H3!2)_! )7PRR`e_!)M;]=!6MBI?!erdV!=>H!GF 7EIBA;!+<4R!=<= F>AG! =7A:>!U+>KFG?I<;>_!2=?MAD=H3!2)_! )7PRRPR_!)M;]=!6MBI?!dSSV!=G!R\eQQ!F>!Rz!,4-bQWez!"] 7RQQ!CI?!P!JIB?AW!!-;@GFI>A!Y;?;! Y=AJ;H3!EIB>G;H!I>!ABDD;H!AMFH;A!=>H!@IK;?AMFLL;H!YFGJ!p;@G=-JF;MH!J=?HA;G! EIB>GF>H!KFAB=MFX;H!I>!=! I>!=!,FTI>!$@MFLA;!rQF! !%*!EF@?IA@IL;!YFGJ!=!q+2)%!@=E;?=! Uq+E=<3!-B??;:3!.?FGFAJ!2IMIEDF=3!2=>=H=V!=>H! ,FTI>!$M;E;>GA!)(!UK;?AFI>!dWeQWQQ3!%;MKFMM;3!,0VW !!!!!!!!!!!!!!!!!!!!!!!!!!!%+!!!!!!!!!!!!!!0-*-0-45-' !!%,!0-*-0-45-' !!RW!.;>AT;:3!%WfW3!(W4W!&;?;X3!=>H!6W&W!%=>C?;HAAI>3! Q9&$1+",*-@0,-+"$+4$!'69!$ .7"01'&-"$,+$"&0*+"!'$.0*=-=!'$!"#$40"1,-+"$ E$O56'-1!,-+".$4+*$HI?3!fW"W3!"W&W!*I<=>3!=>H!(W#W!$HY=?HA3! Q9&$40"1,-+" $+4$!'69!E.7"01'&-"( !,;B?I>3!PQR`W! ^`U^V\!LW!RQdd 7^^W!`W!&IM:E;?ILIBMIA3!%W#W3! K0,+.+5!'$#+5-"!",$>!,;B?IM3!RrrSW! MMU`!-BLLM!RV\!LW!-^` 7dW!dW!-LFMM=>GF>F3!%W4W3!;G!=MW3! !'69!E:7"01'&-"$-"$4-'!5&",+0.$-"1'0.-+".$+4 $F&%7$@+#-&.$ 4*+5$>!,;B?IM3!PQR`W! ^KUdV\!LW!der 7oRW!oW!8?B<;?3!(W3!;G!=MW3! K'!\W<*+$50,!,-+"$-"$,9&$2&"&$&"1+#-"2$!'69! E.7"01'&-"$- "$;G3!RrrSW!;OUPV\!LW!RQ^ 7SW!SW!)LL;M 72?;AAY;MM3!-W3!;G!=MW3! K'69! E.7"01'&-"$6(R_WZ>$!$"+=&'$6!,9+2&"-1$50,!,-+"$ 4+*$$ .&1*&,-+">$!"#$,+C-1-,7( !f!.FIM!2J;E3!PQRdW! JO`U`PV\!LW!PRSe^ 7o^W!RQW!fI3!$W3!;G!=MW3! !'69!E:7"01'&-"$5&5@*!"&$-",&*!1,-+".$!"#$'-6-#$.6&1-4-1-,7( !f!.FIM! 2J;E3!PQQQW! J^ZUddV\!LW!`d`PS 7`dW!RRW!5;GGE;?3!1W3!;G!=MW3! 3!PQReW! [\!LW!o`RdW!RPW!vB3!fW3!;G!=MW3! !'69!E:7"01'&-"$D0,!,-+"$O"9-@-,.$8"#+17,+.-.$!,$D!55!'-!"$ J&",*!'$/&*=&$Q&*5-"!'.( !f!,;B?IA@F3!P QR^W!K[UR^V\!LW!ddQS 7RdW!R`W!'MAI>FAE!(;M=G! 5FAI?H3!PQReW! J;USV\!LW!rSR 7^W!!%-!RdW!6B@JA3!fW3!;G!=MW3! <9&"+,76-1$=!* -!,-+"$-"$!$'!*2&$:%&#-.9$6&#-2*&&$#0&$,+$:/JK$ #06'-1!,-+"$!"#$,*-6'-1!,-+"( !,;B?IMI<:3!PQQoW! [OURPV\!LW!rR^ 7PPW!ReW!6=??;?3!%W3!;G!=MW3! J+56!*-.+"$+4$;-"#*&#.$%-,9$6!*;-".+"-.5$!"#$!'69! E.7"01'&-"$ 2&"+5-1$50',-6'-1!,-+".( !)>>!,;B?IM3!PQQdW! ZZUPV\!LW!Rod 7rW!R^W!-F>3!)W.W3!;G!=MW3! !'69!E:7"01'&-"$'+10.$,*-6'-1!,-+"$1!0.&.$@;3!PQQ`W! KaJUe^d^V\!LW!SdRW !RoW!2J=?GF;? 7#=?MF>3!%W2W3!;G!=MW3! K'69! E.7"01'&-"$'+10.$#06'-1!,-+"$!.$!$1!0.&$+4$ 4!5-'-!'$@;G3!PQQdW! K[MUrddQV\!LW!RR^o 7rW!RSW!-B3!vW3!;G!=MW3! K'69! E:7"01'&-"$5L/K$O.$/+,$O"1*&!.&#$-"$:6+*!#-1$< /8F><3!"W3! ;G!=MW3!K'69! !.7"01'&-"$5L/K$&C6*&..-+"$-"$.6+*!#-1$G!5FAI?H;?A3!PQQeW! JaUeV\!LW!^PQ 7^P`W!PQW!4?B>H;E=>>3!fW3!;G!=MW3! 8'&=!,&#$!'69! E.7"01'&-"$5L/K$'&=&'.$-"$-"#-=-#0!'$gc E'!.&* E5-1*+#-..&1,&#$#+6!5-"&*2-1$.0@.,!",-!$"-2*!$ "&0*+".$-"$-#-+6!,9-1$ G!5FAI?H;?A3!PQQdW! ;`UPV\!LW!R^P 7RoQW!P`W!†JIB3!fW3!;G!=MW3! J9!"2&.$-"$,9&$.+'0@-'-,7$!"#$69+.69+*7'!,-+"$+4$!'69! E.7"01'&-"$ +=&*$,9&$1+0*.&$+4$!(IIFZ;>3!.W5W3!%W%W!2M=;AA;>A3!=>H!pW!-BD?=E=>F=E3! D&5@*!"&$ -",&*!1,-+".$+4$+'-2+5&*-1$!'69! E.7"01'&-"A$6+,&",-!'$*+'&$-"$!&;LG!-@F3!PQRQW! ;;UeV\!LW!``d 7dPW!PeW!"I><3!fW3!;G!=MW3! H*!-"$!'69 !E.7"01'&-"$!11050'!,-+"$-"$50',-6'&$.7.,&5$!,*+697>$ 3!PQRQW! ;KKU&G!RV\!LW!RoP 7SSW!P^W!'B;AM=GF3!)W3! O56'-1!,-+"$+4$K'69! E:7"01'&-"$<9+.69+*7'!,-+"$!,$:SN`$-"$ :7"01'& -"+6!,9-&.A$d9!,$R!=&$d&$F&!*"&#$-"$,9&$F!.,$G&1!#&[ !f!&=?TF>AI>A! 5FA3!PQR^W! [URV\!LW!`r 7eRW!PoW!*;;3!#WfW3!2W!2JIF3!=>H!-WfW!*;;3! D&5@*!"& E@+0"#$!'69!E.7"01'&-"$9!.$!$9-29$ !22*&2!,-+"$6*+6&".-,7$!"#$,9&$!@-'-,7$,+$.&&#$,9&$!22*&2!,-+"$+4$,9&$17,+.+'-1$ 4+*5(!f!.FIM!2J;E3!PQQPW! J^^URV\!LW!^oR 7SW!*.!PSW.B??;3!fW3!%W!-J=?E=3!=>H!"W2W!-BHJIC3!J&''$H-+'+27$!"#$H!fW!"FEIGJ:!4?;;>=E:?;3!<+.,E,*!".'!,-+"!'$5+#-4-1!,-+"$+4!'69!E.7"01'&-"$-"$!(;A3!PQReW!;[JOU&G!.V\!LW!Pdo7Pe`W`QW)BMB@T3!&W8W3!4W!2=?=K;I3!=>H!-W!*F>HNBFAG3!!'69!E:7"01'&-"A$5&5@*!"&-",&*!1,-+".$!"#$,+C-1-,7$-"$>B!(;K!2;MM!5;K!.FIM3!PQRQWJ[\!LW!PRR7``W`RW+?FX=??:3!%W2W3!;G!=MW3!/-2*!'$!"#$1+*,-1!'$F&%7$@+#-&.$!"#$#7.,*+69-1$"-2*!'"&0*-,&.$-"$H!)WfW!*;;A3!Q9&$*&'&=!"1&$+4$,9&$F&%7$@+#7$,+$,9&$6!,9+2&"&.-.+4$-#-+6!,9-1$FA3!*W3!oE:7"01'&-"$-"$!%;HF@F>;3!PQRPW!JUPV\!LW!=QQr`rrW`dW,;BE=>>3!%W3!;G!=MW3!D-.4+'#&#$6*+,&-"!.&$ME*&.-.,!",$976&*69+.69+*7'!,&#!'69!E.7"01'&-"$-"$!2&#$,*!".2&"-1$5-1&$%-,9$'+1+5+,+*$#&,&*-+*!,-+"$!"#$-"905!"$!'69!E.7"01'&-"+6!,9-&.(!f!2MF>!+>K;AG3!PQQPW!;;aURQV\!LW!RdPr7`rW`eW*F3!fW0W3!;G!=MW3!J9!*!1,&*-b!,-+"$+4$F&%7$@+#7$6!,9+'+27$-"$SNE$!"#$SkE7&!*E+'#-",*!.,*-!,!'$5&.&"1&69!'-1$2*!4,.$.0*=-=-"2$-"$!$6!,-&",$%-,9$3!5W/W3!/&0*+6!,9+'+27$+4$<3!PQQ`W!JMUPV\!LW!Rro7PRRW`rWK=>!H;!.;?<3!/W5WfW3!;G!=MW3!<;?3!8W)W3!K$1*-,-1!'$*&!66*!-.!'$+4$10**&",$.,!2-"2$+4$F&%7E*&'!,&#$6!,9+'+27-"$905!"$@*!-"(!)@G=!,;B?IL=GJIM3!PQQSW!;;[URV\!LW!R7R^W!*)!dPW!.B?T;3!(W$W3!/W"W!5=B;?3!=>H!fW&W!pI>A=GG;M3! K$1*-,-1!'$&=!'0!,-+"$+4$,9&$H*!!;$ .,!2-"2$.19&5&$4+*$>!,;B?IM3!PQQSW! [MUeV\!LW!dSe 7rRW!d`W!.;=@J3!"W4W3!;G!=MW3! g"-4-&#$.,!2-"2$.7.,&5$4+*$F&%7$@+#7$#-.+*#&*.A$1+**&'!,-+"$ %-,9$"-2*+.,*-!,!'$#&2&"&*!,-+">$1+2"-,-=&$-56!-*5&",$!"#$5+,+*$#7.40"1,-+"( !)@G=! ,;B?IL=GJIM3!PQQrW! ;;^U^V\!LW!^R` 7`dW!ddW!$><;M;>H ;?3!-W!=>H!'W!+A=@AI>3! Q9&$Q9*&.9+'#$Q9&+*7$4+*$HA!,;B?IA@F3!PQRoW! MaURV\!LW!d 7RdW!deW!%@4;;?3!&W*W3!;G!=MW3! L&!1,-=&$5-1*+2'-!$!*&$6+.-,-=&$4+*$RFK EGL$-"$,9&$.0@.,!",-!$ "-2*!$+4$H!$W4W!%@4;;?3! 8C6*&..-+"$+4$,9&$9-.,+1+56!,-@-'-,7$ 2'71+6*+,&-"$RFK EGL$-"$"&0*+'+2-1!'$#-.&!.&( !)@G=!,;B?IL=GJIMW3!RrSSW! ^[W!doW!%@4;;?3!&W*W3!;G!=MW3! D-1*+2'-!$-"$#&2&"&*!,-=&$"&0*+'+2-1!'$#-.&! .&( !4MF=W3!Rrr`W!^W!dSW!+E=EB?=3!8W3!;G!=MW3! G-.,*-@0,-+"$+4$5!B+*$9-.,+1+56!,-@-'-,7$1+56'&C$1'!..$OO E6+.-,-=&$5-1*+2'-!$!"#$17,+;-"&$6*+4-'&$+4$CM=EE=GFI>3!PQQeW! J\!LW!RdW!eQW!5FZTAG?=3!)W)W3!;G!=MW3! 8=-#&"1&$4+*$O550"&$L&.6+".&>$KC+"!'$G7.40"1,-+"$!"#$ L&#$8"#+17,+.-.$-"$,9&$:0@.,!",-!$/-2*! $-"$8!*'7$:,!2&$>=?T=G3!4W"W3!;G!=MW3! J+55+"$I&"&,-1$c!*-!",$K..+1-!,-+"$%-,9$K',&*&#$RFK$ 8C6*&..-+">$:7"&*27$%-,9$<7*&,9*+-#$8C6+.0*&>$!"#$L-.;$4+*$AI>A!5FA3!PQReW! ;W!ePW!%I$OFEN>$OFEi>$OFEk$!"#$,*!".4+*5-"2$2*+%,9$ 4!1,+* E!'69!$'&=&'.$!*&$&'&=!,&#$-"$=&",*-10'!*$1&*&@*+.6-"!'$4'0-#$-"$B0=&"-'&$ 6!*;-".+"-.5$!"#$HNKFAG3!5W3!;G!=MW3! J&*&@*+.6-"!'$4'0-#$-"4'!55!,+*7$5!*;&*.$-"$$4!,-20&>$!"#$1+2"-,-=&$-56!-*5&",( !.?=F>3! .;J=KFI?3!=>H!+EEB>FG:3!PQR`W! KK\!LW!RS`7RSrW!edW!$FHAI >3!*W,W3!;G!=MW3!J!"#-#!,&$-"4'!55!,+*7$@-+5!*;&*.$#-.6'!7$0"-Y0&$ *&'!,-+".9-6.$%-,9$!'69! E.7"01'&-"$!"#$1+**&'!,&$%-,9$5&!.0*&.$+4$#-.&!.&$ .&=&*-,7$-"$.0@B&1,.$%-,9$CM=EE=GFI>3!PQRoW! ;MURV\! LW!R^dW!!*"!eeW!pIMLF@;MMF 75=M;:3!*W)W3 !;G!=MW3!8C+2&"+0.$!'69! E.7"01'&-"$4-@*-'.$-"#01&$F&%7$@+#7$ 6!,9+'+27$'&!#-"2$,+$.7"!6,-1$#7.40"1,-+"$!"#$"&0*+"$#&!,9( !,;B?I>3!PQRRW! ^JURV\!LW!eo 7oRW!e^W!pIMLF@;MMF 75=M;:3!*W)W3!8W2W!*BT3!=>H!pW%W!*;;3! K##-,-+"$+4$&C+2&"+0.$!'69! E.7"01'&-"$6*&4+*5&#$4-@*- '.$,+$6*-5!*7$"&0*+"!'$10',0*&.$,+$.&&#$*&1*0-,5&",$+4$ &"#+2&"+0.$!'69! E.7"01'&-"$,+$F&%7$@+#7$!"#$F&%7$"&0*-,& E'-;&$!22*&2!,&.( !,=G!&?IGI@3!PQRdW! `UrV\!LW!PR`e 7d^W!eoW!*BT3!8W2W3!;G!=MW3! 8C+2&"+0.$o E.7"01'&-"$4-@*-'.$.&&#$,9&$4+*5!,-+"$+4$F&%7$@+#7 E'-;&$- ",*!1&''0'!*$-"1'0.-+".$-"$10',0*&#$1&''.( !&?I@;;HF>=M! )@=H;E:!IC!-@F;>@;A3!PQQrW! ;a[UdoV\!LW!PQQeR 7PQQe^W!eSW!*BT3!8W2W3!;G!=MW3! O",*!1&*&@*!'$-"+10'!,-+"$+4$6!,9+'+2-1!'$o E.7"01'&-"$-"-,-!,&.$!$ *!6-#'7$6*+2*&..-=&$"&0*+#&2&"&*!,-=&$o E.7"0 1'&-"+6!,97$-"$5-1&( !"J;!fIB?>=M!IC! $]L;?FE;>G=M!%;HF@F>;3!PQRPW! Ja`UeV\!LW!roe 7rS^W!erW!*BT3!8W2W3!;G!=MW3! @;3!PQRPW! KKOU^RQrV\!LW!rdr 7e`W!^QW!&=BEF;?3!8W*W3!;G!=MW3! O",*!.,*-!,!'$-"B&1,-+"$+4$6*& E4+*5&#$5+0.&$!'69! E.7"01'&-"$ 4-@*-'.$-",+$*!,.$,*-22&*.$!'69! E.7"01'&-"$6!,9+'+27$!"#$@-'!,&*!'$"-2*+.,*-!,!'$ #&2&"&*!,-+"( !,;B?IDFIM!5FA3!PQReW! OJ\!LW!RSe7rrW!^RW!5BCC:3!%W6W3!;G!=MW3! F&%7$@+#7 E'-;&$! '69!E.7"01'&-"$-"1'0.-+".$,*-22&*$*&!1,-=&$ 5-1*+2'-+.-.$6*-+*$,+$"-2*!'$#&2&"&*!,-+"( !f!,;B?IF>CM=EE=GFI>3!PQRSW! ;ZURV\!LW! RPrW!^PW!)DH;MEIGFMFD3!#W3!;G!=MW3! !'69!E:7"01'&-"$4-@*-' E-"#01&#$-"1'0.-+"$.6*&!#$-"$*!,.$!"#$ 5-1&$1+**&'!,&.$%-,9$#+6!5-"&*2-1$/&0* +#&2&"&*!,-+"( !,;B?IDFIM!5FA3!PQRoW! ;aZ\!LW!Sd7rSW!^`W!-JFEIX=Y=3!)W3!;G!=MW3! <*+6!2!,-+"$+4$6!,9+'+2-1!'$!'69! E.7"01'&-"$-"$5!*5+.&,$ @*!-"( !)@G=!,;B?IL=GJIM!2IEEB>3!PQRoW! ZURV\!LW!RPW !^dW!'AG;?D;?<3!p=M;?F; !(W3!;G!=MW3!<*+2*&..-=&$K22*&2!,-+"$+4$ K'69! E:7"01'&-"$!"#$ :&'&1,-=&$G&2&"&*!,-+"$+4$F&%7$O"1'0.-+" EH&!*-"2$/&0*+".$-"$!$D+0.&$D+#&'$+4$ F@VVW !^^W!0=E=H=3!%W3!;G!=MW3! X=&*&C6*&..-+"$+4$!'69! E.7"01'&-"$-"$*!,$.0@.,!",-!$"-2*!$ *&.0',.$-"$'+..$+4$#+6!5-"&*2-1$"&0*+".>$69+.69+*7'!,-+"$+4$!'69! E.7"01'&-"$!"#$ !1,-=!,-+"$+4$1!.6!.& E`A$*&.&5@'!"1&$,+$6!,9+2&"&,-1$19!"2&.$- "$!(;A3!PQRQW! ;OM\!LW!Sr7RRRW!^SW!'MFK;?=A 7-=MK‹3!%W3!;G!=MW3 !*KKcNhP$=&1,+* E5&#-!,&#$+=&*&C6*&..-+"$+4$!'69! E.7"01'&-"$-"$5+0.&$.0@.,!",-!$"-2*!$-"#01&.$6*+,&-"$!22*&2!,-+"$!"#$6*+2*&..-=&$ #+.& E#&6&"#&",$"&0*+#&2&"&*!,-+"( !%IM;@BM=?!,;B?IH;<;>;?=GFI>3!PQR`W! O\!LW!dd7ddW!^rW!%BM@=J:3!&W3!;G!=MW3! G&=&'+65&",$!"#$19!* !1,&*-.!,-+"$+4$!$"+=&'$*!,$5+#&'$+4$ $*+,&"+"&( !,;B?IA@F;>@;3!PQRPW! JaK\!LW!RoQ7rW!oQW!*B>HDM=H3!%W3!;G!=MW3! O56!-*&#$"&0*+,*!".5-..-+"$1!0.&#$@7$ +=&*&C6*&..-+"$+4$ !'69!E.7"01'&-"$-"$"-2*!'$#+6!5-"&$"&0*+".( !&?I@!,=GM!)@=H!-@F!1!-!)3!PQRPW! ;a`UrV\!LW!`PR` 7rW!oRW!*I!.F=>@I3!2W3!;G!=MW3! !'69!$E:7"01'&-"+6!,97$!"#$.&'&1,-=&$#+6!5-"&*2-1$"&0*+"$ '+..$-"$!$*!,$'&",-=-*!' E@!.&#$5+#&'$+4$3!(W*W3!;G!=MW3! G+6!5-"&*2-1$1&''$'+..$-"#01&#$@7$905!"$K\W<$!'69! E.7"01'&-"$2&"&$,*!".4&*$,+$,9&$*!,$.0@.,!",-!$"-2*!( !#BE!4;>;!"J;?3!PQQPW! ;KUeV\! LW!^Qe7RPW!o`W!8F?FT3!5W3!;G!=MW3! 3!PQRoW! ZURV\!LW!RRW !oeW!pIMLF@;MMF 75=M;:3!*W)W3!;G!=MW3! R+%$1!"$*KKc E!'69!E.7"01'&-"$!"#$,9&$4-@*-'$!'69 !E.7"01'&-"$5+#&'.$!#=!"1&$+0*$0"#&*.,!"#-"2$+4$3!PQR`W! M\!LW!Re^PW!oSW!0=E=T=HI3!#W3!;G!=MW 3!!'69!E:7"01'&-"$HKJ$,*!".2&"-1$5-1&$!.$!$5+#&'$4+*$ ZF3!8W3!;G!=MW3! <*+,&-"!.&$M E*&.-.,!",$!'69! E.7"01'&-"$-.$#&6+.-,&#$-"$ 6*&.7"!6.&.$-"$905!"$F&%7$@+#7$#-.&!.&$!"#$K_\Q$!'69! E.7"01'&-"$,*!".2&"-1$ 5-1&( !)@G=!,;B?IL=GJIM3!PQRQW! ;JaUPV\!LW!Rde 7edW!SQW!,BD;?3!-W3!;G!=MW3! K$6*+2*&..-=&$#+6!5-"&*2-1$69&"+,76&$!..+1-!,&#$%-,9$ "&0*+,+C-1$1+"=&*.-+"$+4$!'69! E.7"01'&-"$-"$HKJ E,*!".2&" -1$*!,.( !.?=F>3!PQR`W! ;K[U&G!PV\!LW!dRP 7`PW!SRW!%=GABIT=3!0W3!;G!=MW3! F!1;$+4$"-2*!'$6!,9+'+27$-"$,*!".2&"-1$5-1&$&C6*&..-"2$ 905!"$!'69! E.7"01'&-"$#*-=&"$@7$,9&$,7*+.-"&$97#*+C7'!.&$6*+5+,&*( !,;B?IDFIM! 5FA3!PQQRW! OU`V\!LW!e`e 7rW!SPW!6;?>=H!%W 76W!2J;AA;M;G3! K'69! E.7"01'&-"$!"#$,*!".2&"-1$5+0.&$ 5+#&'.( !,;B?IDFIMI<:!IC!5FA;=A;3!PQQdW! ;^UPV\!LW!RP` 7R`QW!S`W!-=>@J;X 74B=Z=?HI3!pW3!;G!=MW3! D-1*+2'-!$!1Y0-*&$#-.,-"1,$!1,-=!,-+"$6*+4-'&.$ #&6&"#-"2$+"$,9&$#&2*&&$+4$!'69! E.7"01'&-"$"&0*+6!,9+'+27$-"$!$*KK c$@!.&#$ 5+#&'$+4$;3!PQRQW! ZURV\!LW!;SoSdW !SdW!#=?EA3!)W-W3!;G!=MW3! DRJOO$-.$*&Y0-*&#$4+*$!'69! E.7"01'&-" E-"#01&#$!1,-=!,-+"$+4$ 5-1*+2'-!>$JGi$Q$1&''$6*+'-4&*!,-+">$!"#$#+6!5-"&*2-1$"&0*+#&2&"&*!,-+"( !f!,;B?IA@F3!PQR`W! KKUP`V\!LW !rerP7^QQW!SeW!2JB><3!2W0W3!;G!=MW3! G7"!5-1$19!"2&.$-"$6*&.7"!6,-1$!"#$!C+"!'$,*!".6+*,$ 6*+,&-".$1+5@-"&#$%-,9$.,*-!,!'$"&0*+-"4'!55!,-+"$6*&1&#&$#+6!5-"&*2-1$ "&0*+"!'$'+..$-"$!$*!,$5+#&'$+4$KKc$!'69! E.7"01'&-"+6!,97( !f!,;B?IA@F3!PQQrW! J`URRV\!LW!``^e 7o`W!S^W!6FA@J;?3!5W*W3!;G!=MW3! c-*!'$c&1,+* EH!.&#$D+#&'-"2$+4$/&0*+#&2&"&*!,-=&$ G-.+*#&*.A$;3!PQR`W! OURRV\!LW!;SRdP^W !SSW!6FA@J;?3!5W*W3!;G!=MW3! :0@,9!'!5-1$/01'&0.$G&&6$H*!-"$:,-50'!,-+"$G+&.$/+,$ D+#-47$,9&$)0"1,-+"!'$G&4-1-,.$+*$KC+"+6!,97$O"#01&#$@7$/-2*+.,*-!,!'$!'69! E:7"01'&-"$ X=&*&C6*&..-+"( !-@F!(;L3!PQRoW! ^URV\!LW!R^`e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`dd!?=GA!U ,—!RRdV! ?;@;FK;H!B>FM=G;?=M! F>G?=AG?F=G=M!F>Z;@GFI>A!IC![ 7A:>!&66A3!&.-! I?!?=G!A;?BE!=MDBEF>!YFGJ!@IJI?GA!;BGJ=>FX;H!=G!EI>GJM:!F>G;?K=MA!BL!GI!AF]!EI>GJAW !qB=>GFCF@=GFI>! IC!HIL=EF>;!>;B?I>A3!GIG=M!>;B?I>A3!LJIALJI?:M=G;H![ 7A:>! UL-RPrV! =<GF<;> 7L?;A;>GF>H!FI>FX;H!@=M@FBE!DF>HF>I?;=@GFK;! EF@?I!GJ;!ABDAG=>GF=!>F!=HHFGFI>3!GJ;!@I?G;]!=>H!AG?F=GBE!Y;?;! =MAI!;]=EF>;H!CI?!L?;A;>@;!IC!L-RPr!=<H!%#2 7++!=>GF<;>7L?;A;>GF>A!IC!L-:>!=@@BEBM=GFI>!=>H!?;=@GFK;! EF@?IG?= AG?F=G=M!F>Z;@GFI>!IC![ 7A:>!&66A!GI!?=GA!?;ABMG;H!F>!YFH;AL?;=H! =@@BEBM=GFI>!IC!LJIALJI?:M=G;H![ 7A:>!F>@MBAFI>A!F>!A;K;?=M!=?;=A!GJ=G!F>>;?K=G;!GJ;! AG?F=GBE!CIMMIY;H!D:!AF<>FCF@=>G!MIAA!U|`ezV!IC!ABDAG=>GF=!>F;!>;B?I>A!YFGJF>!e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iR3!PjW!!2I>K;?@;!AB<<;AGA!=! ?IM;!CI?!EF@?I;B?IF>CM=EE=GFI>!F>!JBE=>!&5W!!"JFA!GJ;I?:!FA!ABLLI?G;H! D:!IDA;?K=GFI>A!IC!F>@?;=A;H!F>CM=EE=GI?:!@:GITF>;A!F>!DIGJ!&5!L=GF;>G!@;?;D?=M!AL F>=M!CMBFH!U2-6V!=>H!LM=AE=! i`3!dj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io7rjV!=!@;MM!AB?C=@;!L?IG;F>! I>!=>GF<;>!L?;A;>GF>;@;AA=?:!CI?!25d}!" 7@;MM!F>CFMG?=GFI>W!%I?;! ?;@;>GM:3!<;>;!;]L?;AAFI>!@J=><;A!?;M=G;H!GI!F>CM=EE=GFI>3!F>@MBHF>!BL?;!IC! %#2 7++3!J=K;!=MAI!D;;>!>IG;H!F>!+>@FH;>G=M!*;Y:!.IH:!5FA;=A;!A BDZ;@GA!U.?==T!AG=<;A! R7`!ir3!RQjVW!)HHFGFI>=MM:3!=!K=?F=>G!F>!GJ;!#*) 75(!<;>;!YJF@J!;>@IH;A!CI?!%#2 7++!FA! =AAI@F=G;H!YFGJ!=ELMFCF;H!?FAT!CI?!H;K;MILE;>G!IC!&5!=CG;?!L;AGF@FH;!;]LIAB?;! iRRjW!!+>@?;=A;H!%#2 7++!FA!ICG;>!@I>@B??;>GM:!BL?;;A!CI ?!L?IF>CM=EE=GI?:! @:GITF>;A!AB@J!=A!GBEI?!>;@?IAFA!C=@GI?!U",6V!=>H!F>G;?M;BTF> 7R!D;G=!U+* 7R"V!iRPjW!!%I?;IK;?3!H;@?;=A;H!%#2 7++!;]L?;AAFI>!Y=A!AJIY>!GI!=GG;>B=G;!HIY>AG?;=E!A;@?;GFI>! IC!L?IF>CM=EE=GI?:!@:GITF>;A! iR`3!RdjW!!"=T;>!GI<;GJ;?3!FG!FA!MFT;M:!GJ= G!%#2 7++!FA!EIAG! @MIA;M:!=AAI@F=G;H!YFGJ!=!L?IF>CM=EE=GI?:!LJ;>IG:L;!F>!EF@?IH!E=:!LM=:!=! @I>G?FDBGI?:!?IM;!F>!>F;?=GFI>!F>!&5W!#IY;K;?3!YJFM;!GJ;!@I>@;LG!GJ=G!%#2 7++!;]L?;AAFI>!I>!EF@?I@?;=A;H!F>!&5!L=GF;>GA!FA!>IG!>IK;M! iSj3!GJ;!,&56+*!'$6!,,&*" !IC!IDA;?K;H!F>@?;=A;A!F>!%#2 7++!F>!?;M=GFI>!GI![ 7A:>!=<!=>HbI?!>F;?=GFI>!J=A!D;;>!B>=DM;!GI!D;!A:AG;E=GF@=MM:!;]=EF>;HW!! !!)>FE=M!EIH;MA!IC!&5!@=>!A;?K;!=A!LM=GCI?EA!GI!F>K;AGF<=G;!GJ;!?IM;!IC! >;B?IF>CM=EE=GFI>! F>!&5 7?;M=G;H!@;MM!H;=GJ!=>H!H:ACB>@GFI>W!!"J;!>;B?IF>CM=EE=GI?:! @I>A;NB;>@;A!IC!>F;?=GFI>!=>HbI?![ 7A:>!=<!J=K;!D;;>!;]=EF>;H! L?;KFIBAM:!F>!K=?FIBA!EIH;MA3!F>@MBHF>IG!MFEFG;H!GI\!>;B?IGI]F@=>G!EIH;MA!U^ 7J:H?I]:HIL=EF>;\!^ 7'#5)! iRe3!R^j_!R7E;GJ:M 7d7LJ;>:M 7R3P3`3^7G;G?=J:H?IL:?FHF>;\! %&"&_! iRo3!RSj!V3!G?=>A<;>F@!EIH;MA!;]L?;AAF>!YFMHG:L;!I?!EBG=>G![ 7A:>! !+.!U)eQ`"3!)`Q& _!iRr7PRjV!=>H!KF?=M!K;@GI? 7E;HF=G;H!IK;?;]L?;AAFI>!IC!JBE=>!YFMH 7G:L;!I?! EBG=G;H![ 7A:>!F>!GJ;!>F!@J=?=@G;?FAGF@A!IC! GJ;A;!EIH;MA!MFEFG!F>G;?L?;G=GFI>A!?;<=?HF>FGF=GI?!IC!GJ;! >;B?IF>CM=EE=GFI>!IDA;?K;H! ~!A:>B@M;F>!F>@MBAFI>A!=>HbI?!H;<;>;?=GFI>W!,;B?IGI]F@=>G! EIH;MA!U^ 7'#5)3!%&"&V!?=?;M:!;]JFDFG![ 7A:>!L=GJ IMI<:! iRo3!PSjW!"?=>A<;>F@!EIH;MA! <;>;?=MM:!HI!>IG!?;@=LFGBM=G;!E=?T;H!>F;?=GFI>!H;ALFG;!YFH;AL?;=H3![ 7A:>!L=GJIMI<:! iPQ3!PrjW!/J;?;=A!=!?IDBAG!F>CM=EE=GI?:!?;ALI>A;!FA!IDA;?K;H!F>! =AAI@F=GFI>!YFGJ!GJ;!;M;K=G;H![ 7A:>!M;K;MA3!=<H !>F;?=GFI>!F>!KF?=M! K;@GI? 7D=A;H![ 7A:>!IK;?;]L?;AAFI>!EIH;MA! iPR7Po3!`Q7`Pj3!GJ;!@I>G?FDBGFI>!IC! ABL?=LJ:AFIMI!M;K;MA!I?!GJ;![ 7A:>!AL;@F;A!HFCC;?;>@;!UJBE=>![ 7A:>! ;]L?;AA;H!F>!?=G!I?!EIBA;V!GI!GJ;!>;B?IF>CM=EE=GI?:!?;ALI>A;!FA!B>@M;=?W!+ELI?G=>GM:3! F>!JBE=>!ALI?=HF@!&53!GIG=M![ 7A:>!M;K;MA!=?;!>IG!F>@?;=A;H3!?=GJ;?!LJIA LJI?:M=GFI>!=>H! GJ;!?=GFI!IC!AIMBDM;!GI!F>AIMBDM;![ 7A:>!F>@?;=A;A!IK;?!GFE;! i``7`ejW!!!)>!=MG;?>=GFK;!EIH;M!IC!GJ;!T;:!C;=GB?;A!IC!JBE=>!ALI?=HF@!&5!AB@J!=A!RV!L?IG?=@G;H! H;K;MILE;>G!IC ![7A:>!F>@MBAFI>A!B>H;?!@I>HFGFI>A!IC!PV!>I?E=M!;]L?;AAFI>!M;K;MA!IC! ;>HI<;>IBA![ 7A:>!HB?F>!F>G;?K=M!GJ=G!`V!L?;@;H;A!AF<>FCF@=>G!>F;?=GFI>!YIBMH!ICC;?!HFAGF>@G!=HK=>G=<;A!=>H!=MMIY!GJ;!GFE;!@IB?A;!=>H!LIG;>GF=M! FEL=@G!IC!>;B?IF>CM=EE= GFI>!GI!D;!H;MF>;=G;HW!(;@;>GM:3!IB?!M=D!J=A!@J=?=@G;?FX;H!=!?=G! EIH;M!IC!&5!GJ=G!?;@=LFGBM=G;A!GJFA!A;NB;>@;!IC!;K;>GA3!;]G;>HF>HF>! EF@;!! i`^3!`ojW!+>!GJFA!EIH;M3!>FB@M;F>IL=GJ:!FA!F>HB@;H!D:!F>G?=AG?F=G=M! F>Z;@GFI>!IC!AI >F@=G;H!L?;CI?E;H![ 7A:>!CFD?FMA!U[ 7A:>!&66AV!F>GI!YFMHG:L;!?=GA! i`^3!`SjW!"J;!CFD?FMA!=@G!=A!A;;HA!GI!G;ELM=G;!=>H!G?F<<;?!>I?E=M!M;K;MA!IC! &"#+2&"+0.![7A:>!GI! !+)!=@@BEBM=G;!F>GI!EFACIMH;H!J:L;?LJIALJI?:M=G;H3!L=GJIMI!U6FFGF=M!F>Z;@GFI>!IC![7A:>!&66A! 6&*$.& !HI;A!>IG!HF?;@GM:!@=BA;!GI]F@FG:3!!GJ=G![ 7A:>! L=GJIMI<:!=>H!>F;?=GFI>!HI!>IG!I@@B?!F>![ 7A:>!T>I@TIBG!=>FE=MA!F>Z;@G;H!YFGJ! &66A! i`ojW!+>!GJFA!EIH;M!Y;!IDA;?K;!YFH;AL?;=H!=@@BEBM=GFI>!IC!F>G?=>;B?I>=M!*;Y:! >;B?FG; 7MFT;!=>H!*;Y:!DIH: 7MFT;!F>@MBAFI>A!IC!LJIALJI?:M=G;H![ 7A:>!UL-:>V!F>!=?;=A!GJ=G! F>>;?K=G;!GJ;!AG?F=GBEW!!!+ELI?G=>GM:3!GJ;!=@@BEBM=GFI>!IC!F>G?=@;MMBM=?!L-:>!FA!H!?;ABMGA!F>!MIAA!IC!AG?F=G=M!HIL=EF>;!=>H!E;G=DIMFG;A!F>!=HHFGFI>!GI!|dQz!MIAA!IC!-,@! HIL=EF>;!>;B?I>A!IK;?!^!EI>GJA! i`^jW!!"JBA3!GJ;!A:>B@M;F>IL=GJ:!L?IHB@;H!F>!GJ;![ 7A:>!&66!EIH;M!L?IKFH;A!=!B>FNB;!ILLI?GB>FG:!GI!;]=EF>;!GJ;!>;B?IF>CM=EE=GI?:! @I>A;NB;>@;A!IC![ 7A:>!F>@MBAFI>!=@@BEBM=GFI>!F>!GJ;!@I>G;]G!IC!>I?E=M!M;K;MA!IC! ;>HI<;>IBA3!F>G?= @;MMBM=?![ 7A:>W!+>!GJ;!L?;A;>G!AGBH:3!Y;!A:AG;E=GF@=MM:!F>K;AGF<=G;H!GJ;! G;ELI?=M!L?ICFM;!IC!*;Y:!DIH: 7MFT;!LJIALJI?:M=G;H![ 7A:>!F>@MBAFI>!MI=H3!?;=@GFK;! EF@?IGF<;>!L?;A;>G=GFI>3!=>H!H;<;>;?=GFI>!F>!GJ;!-,W!! +ELI?G=>GM:3!Y;!IDA;? K;!?;=@GFK;!EF@?IH!F>@?;=A;H!EF@?I! F>!=AAI@F=GFI>!YFGJ!L;=T!MI=H!IC!-,@!L-:>!F>@MBAFI>A! 5+",9.$6*-+*$,+$#&2&"&*!,-+" 3!AB<<;AGF>;B?IF>CM=EE=GFI>!E=:!@I>G?FDBG;!GI!>F;?=GFI>W !!!+"!Y9$6#D@ !!K"-5!'.$ $!0IB>GJAV3!E=M;!6FA@J;?`dd!?=GA!U>—RRdV!Y;?;!BA;H!F>!GJFA!AGBH:W!!)MM! =>FE=MA!Y;?;!L?IKFH;H!CIIH!=>H!Y=G;?!=H 7MFDFGBE!=>H!JIBA;H!=G!GJ;!)))*)2!=LL?IK;H! p=>!)>H;M!(;A;=?@J!+>AGFGBG;!KFK=?FBEW!!)MM!L?I@;HB?;A!Y;?;!=LL?IK;H!=>H!@I>HB@G;H!F>! =@@I?H=>@;!YF GJ!+>AGFGBG;!CI?!)>FE=M!1A;!=>H!2=?;!2IEEFGG;;!U+)212V!=G!%F@JF<=>! -G=G;!1>FK;?AFG:W !!<*&6!*!,-+"$+4$ !E.7"$<)).$!"#$c&*-4-1!,-+"$+4$)-@*-'$:-b& $!&B?FCF@=GFI>!IC!?;@IEDF>=>G3!CBMM 7M;>!=>H!F>! =-,*+ !CFD?FM!=AA;EDM:!Y=A! L;?CI?E;H!=A!L?;KFIBAM:!H;A@?FD;H! i`S7dQjW!&?FI?!GI!AI>F@=GFI>3![ 7A:>!CFD?FMA!Y;?;! =AA;AA;H!GI!K;?FC:!M=@T!IC!@I>G=EF>=GFI>!U*)*!)AA=:3! U|R!$>HIGI]F>!1>FGA!bEG=GFI>!=AA=:V3!D;G=!AJ;;G!@I>CI?E=GFI>!U"JF ICM=KF>!"V!=>H! AG?B@GB?;!U;M;@G?I>!EF@?IA@IL:VW!&?FI?!GI!F>Z;@GFI>3!&66A!Y;?;!GJ=Y;H3!HFMBG;H!F>!AG;?FM;! 5BMD;@@I9A!&.-!U5&.-3!PyH!AI>F@=G;H!=G!?IIE!G;EL;?=GB?;!BAF>! BMG?=AI>F@=GF>FX;?!U`QQp"_!.FIMI@W3!%=>=AA=A3!p)V!YFGJ!GJ;!LB MA;?!A;G! =G!PQz3!LIY;?!IBGLBG!=G!`Qz!CI?!^Q!LBMA;A!=G!R!A;@I>H!;=@JW!6IMMIYF>F@=GFI>3!=! A=ELM;!IC!GJ;!&66A!Y=A!=>=M:X;H!BAF>AEFAAFI>!;M;@G?I>!EF@?IA@IL:!U"$%VW! 6I?EK=?b@=?DI>!@I=G;H!@ILL;?!H!CMI=G;H!CI?!R!EF>W!I>!=!RQ!ƒM!H?IL!IC!AI>F@=G;H![ 7A:>!CFD?FMA!HFMBG;H!R\PQ! YFGJ!5&.-W!4?FHA!Y;?;!AG=F>;H!CI?!R!EF>W!I>!=!H?IL!IC!Pz!B?=>:M!=@;G=G;!=NB;IBA! AIMBGFI>3!;]@;AA!B?=>:M!=@;G=G;!Y=A!YF@T;H!=Y=:!YFGJ!CFMG;?!L=L;?3!=>H!=MMIY;H!GI!H?:! !+#!D;CI?;!FE =!=!f$'*!f$% 7RdQQ!G?=>AEFAAFI>!;M;@G?I>! EF@?IA@IL;W!"J;!M;>;! =K;?=<;!CFD?FM!AFX;W! "J;!E;=>!M;>F@=G;H!EIBA;![ 7A:>!&66A!Y=A!;AGFE=G;H!GI! D;!eRWPP!›!RW`R!>E3!Y;MM! YFGJF>!GJ;!ILGFE=M!CFD?FM!M;>! A;;HF>HI<;>IBA!LJIALJI?:M=G;H![ 7A:>!F>@MBAFI>A! -"$=-,*+ !=>H!-"$=-=+ !U6FF@=G;H!&66A!Y;?;!T;LG!=G!?IIE!G;EL;?=GB?;!HB?F>! IC!GJ;!AB?;AGJ;GFX;H!YFGJ!FAICMB?=>;!?;@;FK;H!GYI!PyM!B>FM=G;?=M! F>G?=AG?F=G=M!F>Z;@GFI>A!UdyM!GIG=M_!)&!}RW^3!%*!}PWd3!5p! 7dWP_!)&! 7RWd3!%*!}PWQ3!5p! 7oWQ!C?IE!ATBMMV!;FGJ;?!IC!AI>F@=G;H!EIBA;![ 7A:>!&66A!UPy!;NB=M!KIMBE;!IC!5&.-!=G!=!?=G;!=G!QWeƒMbEF>BG;!U>—^!L;?!G?;=GE;>G!L;?!GFE;!LIF>GVW!! +>Z;@GFI>A!Y;?;!=HEF>FAG;?;H!E=H;!BAF>;;HM;!=GG=@J;H!GI!=!RQ!ƒM! #=EFMGI>!A:?F><;W!)CG;?!;=@J!F>Z;@GFI>3!GJ;!>;;HM;!Y=A!M;CG!F>!LM=@;!CI?!R!EF>BG;3 !?;G?=@G;H!QWe!EE3!M;CG!F>!LM=@;!CI?!=>!=HHFGFI>=M!P!EF>BG;A!=>H!GJ;>!AMIYM:!YFGJH?=Y>W!! )>FE=MA!Y;?;!EI>FGI?;H!LIAG 7AB?<;?:!=>H!;BGJ=>FX;H!=G!L?;H;G;?EF>;H!GFE;!LIF>GA!URd3! `Q3!^Q3!rQ3!RPQ3!ReQ3!=>H!RSQ!H=:A_!6F!=!ABDA;NB;>G!;]L;?FE;>G3!?=G A!?;@;FK;H!GYI!PyM!B>FM=G;?=M!F>G?=AG?F=G=M!F>Z;@GFI>A!;FGJ;?!IC!EIBA;![ 7A:>!&66A!PB!U(-)3!-FGF@=M!@II?HF>=G;A!=>H!Y;?;!;BGJ=>FX;H!=G!P!EI>GJA!LIAG 7F>Z;@GFI>!U>—^!L;? !G?;=GE;>GVW !!!+$!O550"+9-.,+19&5-.,*7 $!)MM!=>FE=MA!Y;?;!;BGJ=>FX;H!KF=!L;>GID=?DFG=M!IK;?HIA;!U^QEH!F>G?=@=?HF=MM:! L;?CBA;H!YFGJ!J;L=?F>FX;H!QWrz!A=MF>;!CIMMIY;H!D:!@IMH!dz!L=?=CI?E=MH;J:H;!F>!QWR%! &'dW!.?=F>A!Y;?;!;]G?=@G;H!=>H!LIAG 7CF];H!F>!dz!&6)!C I?!dS!JIB?A!=>H!LM=@;H!F>!`Qz! AB@?IA;!B>GFM!GJ;:!AB>TW!!6I?!A;@GFI>F><3!D?=F>A!Y;?;!C?IX;>!I>!=!AMFHF>H! @BG!=G!dQyEW!!!6?;; 7CMI=GF>A!UR\^!A;?F;AV!Y;?;!G?=>AC;??;H!GI!QWR%!G?FA!DBCC;?;H! A=MF>;!U".-VW!!6IMMIYF>HI<;>IBA!L;?I ]FH=A;A!Y;?;!NB;>@J;H!F>!`z!# P'P!CI?!R!JIB?!=>H!?F>A;H!F>!".-W!!-;@GFI>A!Y;?;!DMI@T;H!F>!RQz!>I?E=M! 7v!RQQ!F>!".-!U,4-3!4FD@I_!"] 7RQQ!6FA@J;?!-@F;>GFCF@V!CI?!R!JIB?W!!6IMMIYF>A!Y;?;!FEEB>IM=D;M;H!YFGJ!L?FE=?:!=>GFDIHF; A\!EIBA;!=>GF 7[7A:>! CFD?FMA! bIMFGF! [7A:>! CFD?FMA!U6P_!R\eQQQ3 idPjV3!L=>!?=DDFG 7=>GF![7A:>! U)D@=E3!2=ED?FH<;3!%)_!).Ree`Q3!R\RQQQV3 !EIBA;!=>GF 7LJIALJI?:M=G;H![ 7A:>!=G!-;?F>;!RPr!UL-:>3!SR)_!)D@=E3!2=ED?FH<;3!%)_!).RSd^od _!R\RQ3QQQV_!?=DDFG! =>GF7G:?IAF>;!J:H?I]:M=A;!U"#_!%FMMFLI?;3!";E;@BM=3!2)_!%).ReP3!R\dQQQV3!?=DDFG!=>GF 7FI>FX;H!@=M@FBE!DF>HF>H3!p)_!QRr 7RrodR3!R\RQQQV3!EIBA;!=>GF 7>;B?I>=M!>B@M;F!U,;B 7,_!%FMMFLI?;3!";E;@BM=3!2)_! %).!`oo3! R\eQQQV_!I?!EIBA;!=>GF 7?=G!E=ZI?!JFAGI@IEL=GFDFMFG:!@IELM;] 7++!CI?!=>GF<;>!L?;A;>GF>;!'v 7^3!.FI(=H3!#;?@BM;A3!2)_!%2)d^43!R\eQQQV! IK;?>F!Rz!,4-bQWez!"] 7RQQb".-!=G!d−2W!!6IMMIYF>A!Y;?;! F>@BD =G;H!F>!DFIGF>:M=G;H!A;@I>H=?:!=>GFDIHF;A!UR\eQQV!=<=F>AG!EIBA;!U%FMMFLI?;3! ";E;@BM=3!2) _!)&RPd.V!I?!?=DDFG!+<4!U%FMMFLI?;3 !";E;@BM=3!2)_ !)&R`P.V!CIMMIY;H!D:! Y=AJ;A!F>!".-!=>H!P 7JIB?!F>@BD=GFI>!YFGJ!p;@GI?!).2!AG=>H=?H!H;G;@GFI>!TFG!Up;@GI?! *=DI?=GI?F;A3!. B?MF><=E;3!2)_!&8 7^RQQVW!!*=D;MF>3!%#2 7++3!=>H!"#!Y=A! !+%!KFAB=MFX;H!D:!H;K;MILE;>G!F>!QWe!EID;>XFHF>;!U5)._!-FH!QWQ`z!#P'PW!6I?!HB=M!D?F!IC!,;B7,!=>H!+D=7R3!A;@GFI>A!Y;?;!H;K;MIL;H!=@@I?HF>BC=@GB?;?9A!F>AG?B@GFI>A!BAF><=E;3!2)_!-87d^QeV!=>H!+EE&)2"!p+&!&;?I]FH=A;!Up;@GI?!*=DA3!.B?MF><=E;3!2)_!-87dRQeV!TFGA3!?;AL;@GFK;M:W!-MFH;A!Y;?;!H;J:H?=G;H!F>!=A@;>HF>IM!A;?F;A!GJ;>!]:M;>;A!D;CI?;!@IK;?AMFLLF>!-@F;>GFCF@3!/=MGJ=E3!%)VW!)!ABDA;G!IC!L-:>!M=D;M;H! A;@GFI>A!Y;?;!=MAI!@IB>G;?AG=F>;H!YFGJ!@?;A:M!KFIM;G!CI?!NB=>GFCF@=GFI>!IC!-",*!"&0*+"!'!L-:>!F>@MBAFI>A!F>!GJ;!-,@W!L/K.1+6&$-"E.-,0$R7@*-#-b!,-+"$4+*$O@!ES$!"#$DRJEOO$ORJ$$dQyE!GJF@T!AG?F=G=M!GFAAB;!A;@GFI>A!Y;?;!F>@BD=G;H!F>!&?;G?;=G!R!C?IE!GJ;!(,)A@IL;! &?;G?;=GE;>G!8FG!U)HK=>@;H!2;MM!5F=<>IAGF@A3!#=:Y=?H3!2)_!`RQQPQV!CI?!R! JIB?W!!-;@GFI>A!Y;?;!Y=AJ;H!F>!".-!=>H!GJ;>!EIB>G;H!I>!pFAG=KFAFI>!#FAGIDI>H!AMFH;A!Up/(3!(=>HI?3!&)_!R^QQd7dQ^V!=>H!LM=@;H!I>!AMFH;!Y=?E;?!=G!^Q−2!IK;?>F!F>@BD=G;H!CI?!RQ!EF>BG;A!F>!&?;G?;=G!P!=G!rr−23!=>H!Y=AJ;H!GYF@;!F>!Y=G;?W! "FAAB;!Y=A!IBGMF>;H!YFGJ!&=L!&;>!U)D@=E3!2=ED?FH<;3!18_!=DP^QRV3!=>H!F>@BD=G;H!YFGJ!&?;G?;=G!`!F>!=!J:D?FHFX=GFI>!IK;>!=G!dQ−2!CI?!Re!EF>3!Y=AJ;H!GYF@;!F>!Y=G;?3!=>H! F>@BD=G;H!YFGJ!GJ;!L?ID;!CI?!)+6R!U+D=R_!)HK=>@;H!2;MM!5F=<>IAGF@A3!#=:Y=?H3!2)_! deoo`RV!CI?!P!JIB?A!F>!GJ;!J:D?FHFX=GFI>!IK;>!=G!dQ−2W!!-F]!=ELMFCF@=GFI>!AG;LA!YFGJ!GJ;!=ELMFCF@=GFI>!DBCC;?A!U)HK=>@;H!2;MM!5F=<>IAGF@A3!#=:Y=?H3!2)_!`PQ^QQV!Y;?;!GJ;>! L;?CI?E;H!F>!=MG;?>=GF>H!Re7EF>BG;!F>@BD=GFI>!F>G;?K=MA!F>!GJ;!J:D?FHFX=GFI>!IK;>!L;?!E=>BC=@GB?;?!F>AG?B@GFI>AW!!"FAAB;!Y=A!H;K;MIL;H!BAF>G!!+*!U)HK=>@;H!2;MM!5F=<>IAGF@A3!#=:Y=?H3!2)_!`PQ^QQVW!"FAAB;!Y=A!GJ;>!@IB>G;?AG=F>;H!CI?! %#2 7++!U("R.!@MI>;!'v 7^3!.FI(=H3!#;?@BM;A3!2)_!%2)d^43!R\eQQV!F>!=!J:D?FHFX=GFI>! @J=ED;?3!CIMMIYF> IJFAGI@J;EF@=M! AG=F>A!YFGJ!GJ;!;]@;LGFI>!GJ=G!GJ;!p;@GI?!-4!?;=<;>G!Up;@GI?!*=DI?=GI?F;A3!.B?MF><=E;3! 2)V!Y=A!BA;H!=A!GJ;!@J?IEI<;>W!-MFH;A!Y;?;!?F>A;H!F>!".-!=>H!@IK;?AMFLL;H!YFGJ! 2:GIA;=M!^QW!+E=<;A!Y;?;!G=T;>!I>!=!,FTI>!$@MFLA;!rQF!EF@?IA@IL;!YFGJ!=!q+2 )%!@=E;?=!Uq+E=<3!-B??;:3!.?FGFAJ!2IMIEDF=3!2=>=H=VW! !$Z0!",-4-1!,-+"$+4$QR>$/&0/>$6:7"$!"#$DRJ EOO$-550"+*&!1,-=&$6*+4-'&. $!%F@?ID?FK;AGF<=GI?!U%.6!.FIA@F;>@;3!/FMMFAGI>3!p"V!Y=A!BA;H!GI! ;AGFE=G;!GJ;!GIG=M!LILBM=GFI>!IC!"#F?!=>H!, ;B,F?!>;B?I>A!GI!H;G;?EF>;!GJ;!GFE;!@IB?A;! IC!"#!LJ;>IG:L;!MIAA!=>H!IK;?G!>F;?=GFI>W!!2I>GIB?A!Y;?;!H?=Y>!=?IB>H!GJ;! -,@!BAF>!;K;?:!AF]GJ!A;@GFI>!GJ?IBAVW!)!A;?F;A!IC!@IB>GF>H!?=>HIEM:! HFAG?FDBG;H!IK;?!GFCF@=GFI>! IC!=LL?I]FE=G;M:!PQz!IC!GJ;!-,@W!!)>!F>K;AGF<=GI?!DMF>H;H!GI!;]L;?FE;>G=M!@I>HFGFI>A! @IB>G;H!"#F?!=>H!,;B,F?!@;MMA!BAF>=GI?!L?ID;!YFGJ!=!^Q]!IFM! FEE;?AFI>!IDZ;@GFK;W!!%=?T;?A!Y;?;!LM=@;H!I>!;=@J!"#F?!I?!,;B,F?!@;MM!F>!=!R 7P!ƒE!X 7AG=@T!YFGJF>!GJ;!@IB>GF>!eQ 7eQQ!IDZ;@GA!Y;?;!@IB>G;H!GI!<;>;?=G;! AG;?;IMIW!!"J;!GIG=M!LILBM=GFI>!;AGFE=G;!Y=A! @=M@BM=G;H!BAF>=GI?!;AGFE=G;A!=>H!K=?F=DFMFG:!YFGJF>!=>FE=MA!Y=A! =AA;AA;H!KF=!GJ;!4B>H;?AI>!@I;CCF@F;>G!IC!;??I?!U‰QWRVW!5B;!GI!J;G;?I<;>;FG:!F>!GJ;! HFAG?FDBGFI>!IC!DIGJ!L-:>!=>H!%#2 7++!FEEB>I?;=@G FK;!L?ICFM;A!YFGJF>!GJ;!-,3!GIG=M! !++!;>BE;?=GFI>!?=GJ;?!GJ=>!@IB>GF>GFCF@=GFI>W!,;B?I>A!YFGJ! F>G?=>;B?I>=M!L-:>!F>@MBAFI>A!Y;?;!H;CF>;H!=A!L?ICFM;A!IC!H=?T3!H;>A;M:!AG=F>;H!L-:>! FEEB>I?;=@GFKFG:!YFGJF>!@?;A:M!KFIM;G!LIAFGFK;!>;B?I>AW !2I>GIB?A!Y;?;!H?=Y>!=?IB>H!GJ;! -,@!BAF>!;K;?:!AF]GJ!A;@GFI>!GJ?IBGF?;!?IAG?I@=BH=M!=]FA!IC! GJ;!-,@!Ur 7RQ!A;@GFI>AVW!!L-:>!F>@MBAFI>A!=>H!%#2 7++F?!EF@?I! A:AG;E=GF@=MM:!@IB>G;H!YFGJF>!;=@J!@I>GIB?!BAF>G! GJ;!?=Y!GIG=M!>BED;?!IC!L-:>!F>@MBAFI>A!I?!%#2 7++F?!EF@?IFE=M!EBMGFLMF;H!D:!^! GI!;]G?=LIM=G;!GJ;!LILBM=GFI>!;AGFE=G;W! !$D-1*+2'-!'$:+5!$K*&!$K"!'7.-. $!dQyE!GJF@T!>FA!UR\^!A;?F;AV!C?IE!=>FE=MA!F>Z;@G;H!YFGJ![ 7A:>!&66A3! (-)3!I?!=>H!5&.-!P!EI>GJA!=>H!^!EI>GJA!CIMMIYF>Z;@GFI>!Y;?;!HB=M!M=D;M;H!CI?! ,;B,!=>H!+D=7R!=A!H;A@?FD;H!=DIK;!GI!HFAGF>FA!=HZ=@;>G!GI!GJ;!A;@GFI>A!@I>G=F>F>!F>@MBAFI>A!Y;?;! FH;>GFCF;HW!†7AG=@T!FE=<;A!IC!GJ;!FLAFM=G;?=M!=>H!@I>G?=M=G;?=M!-,?!DI?H;?F>!I>!=!,FTI>!$@MFLA;!rQF!EF@?IA@IL;!YFGJ!=!q+2)%!@=E;?=!Uq+E=<3! -B??;:3!.?FGFAJ!2IM IEDF=3!2=>=H=V!BAF>H!=>=M:X;H!YFGJ!,FTI>! $M;E;>GA!)(!UK;?AFI>!dWeQWQQ3!%;MKFMM;3!,0VW!1AF>;H!=>H!=HZBAG;H!=@@I?HF>!=>!=@@B?=G;! NB=>GFCF@=GFI>!IC!=?;=!IC!GJ;! AIE=3!;]@MBHF>:!L?I@;AA;AW!!)MM!EF@?I!GJ;!CF;MH!IC! KF;Y!IC!;=@J!X 7AG=@T!L;?!A;@GFI>3!L;?!?=G!Y;?;!NB=>GFCF;H!YFGJ!GIG=M!>BED;?!IC!EF@?I!+D= 7RF?!AIE=!=?;=!L;?! G?;=GE;>G!GA!CI?!=MM!EF@?IG!Y;?;!=MAI!GI!RQyE!DF>A!=>H!;]L?;AA;H!=A!=!L;?@;>G=<;!IC!GIG=M!EF@?IG;HW! !!+,!Q9-+4'!=-" E:$:,!-"-"2 $R\RP!A;?F;A!Y=A!Y=AJ;H!F>!".-!=>H!ABDA;NB;>GM:!EIB>G;H!I>!ABDD;H!AMFH;A!GI!H?:!U|R! JIB?VW!!-MFH;A!Y;? ;!F>@BD=G;H!F>!QWez!8%>' d!F>!".-!CI?!Pe!EF>BG;A3!CIMMIY;H!D:!e! Y=AJ;A!F>!".-W!!-;@GFI>A!Y;?;!H;AG=F>;H!F>!QWPz!8 P-P'ebQWPz!I]=MF@!=@FH!F>!".-!CI?!`! EF>BG;A!CIMMIY;H!D:!F>@BD=GFI>!F>!QWQRPez!GJFICM=KF> 7-!F>!dQz!$G'#b".-!CI?!`!EF>BG;A! =>H!HFCC;?;>GF=G;H!F>!e Qz!$G'#!CI?!Re!EF>BG;AW!!-;@GFI>A!Y;?;!?F>A;H!CF?AG!F>!".-!=>H! GJ;>!HH#PQ!D;CI?;!@IK;?AMFLLF>GF>@;W! !$$<*+,&-"!.& EM$G-2&.,-+" $!R\RP!>F!".-W!)!ABDA;G!IC!C?;;!CMI=GF>A!Y=A !G?;=G;H!YFGJ!RQ!ƒ=A;!8!U+>KFG?I<;>3!2=?MAD=H3!2)_!Pee`QQReV!CI?!`Q!EF>BG;A! =G!?IIE!G;EL;?=GB?;3!CIMMIY;H!D:!`!Y=AJ;A!F>!".-!=>H!d!Y=AJ;A!F>!".- 7"]W!-;@GFI>A! Y;?;!GJ;>!L?I@;AA;H!CI?!L=>![ 7A:>!FEEB>IJFAGI@J;EFAG?:!U?=DDFG!=>GF 7[7A:>3!)D@=E3! 2=ED ?FH<;3!18_!).Ree`QV!=A!H;A@?FD;H!=DIK;3!EIB>G;H!I>!ABDD;H!AMFH;A3!H;J:H?=G;H! GI!]:M;>;A3!=>H!@IK;?AMFLL;HW !!:,!,-.,-1. $!-G=GFAGF@=M!=>=M:A;A!Y;?;!L;?CI?E;H!BAF>T3!,0V!I?! 4?=LJ&=H!&?FAE!U*=!fIMM=3!2)VW!-G=GFAGF@=M!AF<>FCF@=> @;!CI?!=MM!@=A;A!Y=A!A;G!=G! 6!‰!QWQeW!! -G=GFAGF@=M!IBGMF;?A!Y;?;!=AA;AA;H!BAF>!C?IE!GJ;!%;HF=>! U)5)%V!E;GJIH!BAF>A;?K=GFK;9!@?FG;?FI>! id`jW!"I!@IEL=?;!>BED;?A!IC!'P! KAW!6P!FEEB>I?;=@GFK;!@;MMA!U6FH!, ;B,F?!>;B?I>A!U6F![ 7A:>!F>@MBAFI>A!U6FH!+D= 7RF?!EF@?IBED;?!=>H! AFX;!U6F;7Y=:!),'p)!YFGJ!"BT;:9A!LIAG!JI@!=>=M:A;A!Y=A!BA;HW! !+-!2I??;M=GFI>!=>=M:AFA!Y=A!@I>HB@G;H!GI!F>K;AGF<=G;!GJ;!?;M=GFI>AJFL!D;GY;;>!FLAFM=G;?=M! =>H!@I>G?=M=G;?=M!"#F?!>;B?I>A!U6FH!D;GY;;>!%#2 7++F?!=>H! L-:>![ 7A:>! F>@MBAFI>A!U6FG?=AG?F=G=M!F>Z;@GFI>!IC!EIBA;![ 7A:>!&66A!Y;!F>K;AGF<=G;H!GJ;!AFX;!IC!GJ;!&66A! CIMMIYF>F@=GFI>!BAF>AEFAAFI>!;M;@G?I>!EF@?IA@IL:!U"$%3!6F!M;>F@=G;H!EIBA;![ 7A:>!&66A!Y=A!;AGFE=G;H!GI!D;!eRWPP!›!RW`R!>E3! Y;MM!YFGJF>!GJ;!ILGFE=M!CFD?FM!M;>!A;;HF>HI<;>IBA! LJIALJI?:M=G;H![ 7A:>!F>@MBAFI>A !U6F!KFG?I!=>H!F>!KFKI !idRjW!!!g"-'!,&*!'$-",*!.,*-!,!'$-"B&1,-+"$+4$ oE.7"$<)).$-"#01&.$%-#&.6*&!#$F&%7 E'-;& $6!,9+'+27$+>!IB?!L?;KFIBA!YI?T! i`^j!Y;!?;LI?G;H!GJ=G!B>FM=G;?=M!F>G?=AG?F=G=M!F>Z;@GFI>!IC!EIBA;![ 7A:>!&66A!?;ABMGA!F>!LJIALJI?:M=G;H![ 7A:>!UL-:>V!F>G?=>;B?I>=M!=@@BEBM=GFI>A!F>!A;K;?=M! =?;=A!GJ=G!F>>;?K=G;!GJ;!AG?F=GBE! iddj3!EIAG!L?IEF>;>GM:!GJ;!C?I>G=M!UL?FE=?:!EIGI?!=>H! AIE=GIA;>AI?:3!*=:;?!eV!=>H!F>ABM=?!@I?GF@;A3!=E:H!-,@W!'K;?!GFE;3! =@@BEBM=GFI>A!F>@?;=A;!F>!>BED;?!F>!GJ;A;!?;AW!+>!GJ;!L?;A;>G!AGBH:3!Y;!IDA;?K;H! =>!FH;>GF@=M!L=GG;?>!IC!L-:>!=@@BEBM=GFI>!F>! ?=GA!F>Z;@G;H!YFGJ!EIBA;![ 7A:>!&66AW!! -L;@FCF@=MM:3!Y;!IDA;?K;!=DB>H=>G!L-:>!L=GJIMI<:!DFM=G;?=MM:!F>!@I?GF@=M!?;A!UM=:;?A! Pb`!IC!GJ;!A;@I>H=?:!EIGI?!=?;=3!F>ABM=?!@I?G;]3!=>H!I?DFG=M!=?;=A_!6F! @I>G?=AG3!Y;!IDA;?K;H!B>FM=G;?=M!L-:>!=@@BE BM=GFI>!F>!GJ;!-,@!FLAFM=G;?=M!GI!GJ;!F>Z;@G;H! AG?F=GBE3!=>H!@IELM;G;!=DA;>@;!IC!L-:>!=<!=>FE=MA!F>Z;@G;H!YFGJ!=>H!;NB=M! KIMBE;!IC!&.-!I?!;NB=M!KIMBE;!=>H!@I>@;>G?=GFI>!IC!(-)!U -BLLM;E;>G=M!6F!IC!L-:>!F>@MBAFI>A!CIMMIY;H! =!HFAGF>@G!G;ELI?=M!L=GG;?>!H;L;>HF>!GJ;! ?;!;]=EF>;HW!)G!P!EI>GJA!LIAG!F>Z;@GFI>!ULWFWV3!Y;!IDA;?K;H!=DB>H=>G!AIE=!=>H! >;B?FGF@!L-:>!F>@MBAFI>A!DFM=G;?=MM:!F>!GJ;!=BM=?!F>ABM=?!@I?G;]!GJ=G!L;?AFAG;H!IK;?!GJ;! @IB?A;!IC!^!EI>GJA!U-BLLM;E;>G=?:!6F H=>G!L-:>!=@@BEBM=GFI>A!Y;?;! IDA;?K;H!YFGJF>!GJ;!FLAFM=G;?=M!-,@!=G!P!EI>GJA!LWFW3!YJF@J!?;E=F>;H!FLAFM=G;?=M!=>H! H;@?;=A;H!F>!>BED;?!IK;?!GJ;!@IB?A;!IC!^!EI>GJA!U-BLLM;E;>G=?:! 6FH=>@;!IC!L-:>!F>@MBAFI>A!F>!GJ;!AG?F=G BE!CIMMIY;H!=>!ILLIAFG;!L=GG;?>! U-BLLM;E;>G=?:!6F!F>@MBAFI>A!F>!GJ;! AG?F=GBE!=G!P!EI>GJA!LWFW!GJ=G!Y;?;!L?FE=?FM:!?;AG?F@G;H!GI!>;B?FG;AW!)G!d!=>H!^!EI>GJA! LWFW3!GJ;!>BED;?!IC!L-:>!=@@BEBM=GFI>A!F>!AG?F=G=M! AIE=G=!F>@?;=A;H!F>!=DB>H=>@;!=>H! =MAI!Y;?;!IDA;?K;H!F>!GJ;!@I>G?=M=G;?=M!AG?F=G=M!J;EFALJ;?;!U-BLLM;E;>G=?:!6F$4-@*-''!*7$1+"4+*5!,-+".$!"#$F&%7$@+#7 E'-;&$19!*!1,&*-.,-1. $$!"J;!IMF!FA!L?ILIA;H!GI!D;!I>;!IC!GJ;!GI]F@!AL;@F;A! idP3!de7dojW!/;!CB?GJ;?!@J=?=@G;?FX;H!GJ;!>=GB?;!IC!L-:>!F>@MBAFI>A!YFGJF>!GJ;!-,@!=G!R!EI>GJ!LWFW!BAF>CI?E=GFI> 7AL;@FCF@!=>GFDIHF;A!CI?!IMF!U'PV!I?!CFD?FMM=? 7L?;HIEF>=>G![ 7A:>!U6PV!=>H!@IEL=?;H!GJ=G!YFGJ!FEEB>I?;=@GFKFG:!GI!L-:>W!U6F!=HZ=@;>G!A;@GFI>A!Y;?;!NB=>GFCF;H!BAF>DF=A;H!AG;?;IMI<:!Y;!IDA;?K;H! GJ=G!SSWP!›!^Wdz!IC!L-:>!FEEB>I?;=@GFK;!F>@MBAFI>A!;]JFDFG;H!;FGJ;?!=>!IMFCI?E=GFI>!U'P!I>M:VW!6B?GJ;?EI?;3!e^Wd!›!^WQd!z!IC!>F!F>@M BAFI>A! Y;?;!H;G;@G;H!=A!L?;HIEF>=G;M:!E=GB?;3!CFD?FMM=?!=<M:V!YFGJ!=>!;AGFE=G;H! !,)!`RWo!›!eWrz!IC!F>@MBAFI>A!AB<<;AG;H!GI!D;!F>!=>!IMFCI?E=GFI>!U'P!I>M:!EF>BA! 6P!I>M:_!6F!F>@MBAFI>A!F>!GJ;!-,@!P!EI>GJA!LWFW!HFALM=:;H !*;Y:!DIH: 7MFT;!@J=?=@G;?FAGF@A! idS3!drj3!F>@MBHF>@;!GI!L?IG;F>=A; 78!HF<;AGFI>!U6F 7-!U6FG?=AG?F=G=M!F>Z;@GFI >!IC!EIBA;![ 7A:>!&66A! G?F<<;?A!L=GJIMIK;?AFI>!IC!;>HI<;>IBA![ 7A:>!GI!LJIALJI?:M=G;H3!IMFH! CFD?FMM=?:!@I>CI?E=GFI>A!F>!GJ;!-,@!GJ=G!BMGFE=G;M:!?;ABMG!F>!F>AIMBDM;3!=E:MIFH!F>@MBAFI>A! ?;A;EDMF>FM=G;?=M!F>G?=AG?F=G=M!EIBA;! [7A:>!&66!F>Z;@GFI>A!GI!?=GA! ?;ABMG;H!F>!DFM=G;?=M!>F;?=GFI>!IC!"#F?!-,@!>;B?I>A!YFGJF>!^!EI>GJA! i`^jW!"I!K=MFH=G;!GJFA!CF>HF> !IB?!L?;A;>G!@IJI?G!Y;!@I>HB@G;H!B>DF=A;H!AG;?;IMI<:!IC!"#F?! -,@!>;B?I>A!=G!P3!d3!e!=>H!^!EI>GJA!LWFW!F>![ 7A:>!&66!=>H!&.-!F>Z;@G;H!?=GAW!+>Z;@GFI>! IC!&.-!HFH!>IG!?;ABMG!F>!AF<>FCF@=>G!MIAA!IC!"#F?!-,@!>;B?I>A!=G!=>:!GFE;!LIF>G!U6! Uo3RSV !—!RWrrR3!L!{!QWQeV!GJBA!&.-!F>Z;@G;H!GFE;!LIF>GA!Y;?;!@IEDF>;H!CI?!@IEL=?FAI>!GI!&66 7F>Z;@G;H!?=GA!D;GY;;>!FH;>GF@=M!J;EFALJ;?;A!UFLAFM=G;?=M!&.-!—!RP3eRS!›!eed_! @I>G?=M=G;?=M!&.-!RR3eoo!›!e`^VW!-FEFM=?!GI!IB?!L?;KFIBA!AGBHF;A3!Y;!IDA;?K;H! AF<>FCF@=>G3!DFM=G;?=M!?;HB@GFI>!U |`ezV!F>!-,@!"#F?!>;B?I>A!U6FBED;?!IC!-,@!"#F?!>;B?I>A!FLAFM=G;?=M!GI![ 7A:>!&66!F>Z;@GFI>!=G!DIGJ!e!USPPo!›! RQReV!=>H!^!EI>GJA!USSeR!›!RRdSV!LWFW!Y=A!AF<>FCF@=>GM:!?;HB@;H!@IEL=?;H!GI!&.-! @I>G?IM!?=GA!U )!Ue3!`^V !—!dWPro3! 6!‰!QWQPo3!6F!GJ;!@I>G?=M=G;?=M!-,@3! AF<>FCF@=>GM:!C;Y;?!"#F?!>;B?I>A!Y;?;!IDA;?K;H!e!EI>GJA!CIMMIYF>!&66! F>Z;@GFI>! !,"!U)!Ue3!`^V !—!eWoSP3! 6!‰!QWQR`V!YFGJ!=!>I> 7AF<>FCF@=>G!?;HB@GFI>!F>!GJ;!@I>G?=M=G;?=M!-,@! IDA;?K;H!=G!^!EI>GJA!U 6!{!QWQ eVW!)!LIAFGFK;!@I??;M=GFI>!;]FAG;H!D;GY;;>!GJ;!;]G;>G!IC! FLAFM=G;?=M!"#F?!-,@!>;B?I>!MIAA!=>H!GJ;!;]G;>G!IC!@I>G?=M=G;?=M!MIAA!IC!"#F?!-,@!>;B?I>A! U?!—!QWSSee3!L! —!QWQQQo3!(P!—!QWoSdP3!6FCF?E!YJ;GJ;?!?;HB@GFI>A!F>!"#F?!>;B?I>A!F>HB @;H!D:!&66!F>Z;@GFI>! ?;L?;A;>G;H!LJ;>IG:L;!MIAA!I?!IK;?G!H;<;>;?=GFI>3!B>DF=A;H!AG;?;IMI<:!IC!,;B, 7F?! >;B?I>A!F>!GJ;!-,@!Y=A!@I>HB@G;H!F>!&66!I?!&.-!G?;=G;H!H!^!EI>GJA! LWFWW!,I!AF<>FCF@=>G!HFCC;?;>@;A!Y;?;!IDA;?K;H!YFGJF>!GJ;!@I??;ALI>HF>!e!=>H!^!EI>GJA!HB;!GI!;FGJ;?!&.-!I?!&66!F>Z;@GFI>!U&.-\! )!U`3!dV !—!RWP`S3! 6!{!QWQe_!&66! )!U`3!SV !—!QW`rS^!3! 6!{!QWQeVW!"J;?;CI?;!GJ;!e!=>H!^!EI>GJ !GFE;!LIF>GA!Y;?;! @IEDF>;H!F>GI!I>;!GFE;!LIF>GW!"J;!>BED;?!IC!-,@!,;B, 7F?!>;B?I>A!FLAFM=G;?=M!GI!&66! F>Z;@GFI>!Y=A!AF<>FCF@=>GM:!?;HB@;H!@IEL=?;H!GI!;FGJ;?!GJ;!FLAFM=G;?=M!I?!@I>G?=M=G;?=M! J;EFALJ;?;!IC!&.-!F>Z;@G;H!?=GA!U )!U`3!R^V !—!oWQSr3!! 6!‰!QWQPVW!"J; !>BED;?!IC!,;B, 7F?! >;B?I>A!F>!GJ;!@I>G?=M=G;?=M! -,@ !IC!&66!F>Z;@G;H!?=GA!Y=A!AF<>FCF@=>GM:!?;HB@;H! @IEL=?;H!GI!GJ;!FLAFM=G;?=M!-,@!IC!&.-!F>Z;@G;H!?=GA!U 6!‰!QWQ`RrVW!!/J;>!@IEL=?;H!GI! GJ;!@I>G?=M=G;?=M!-,@!IC!&.-!F>Z;@G;H!?=GA3!,;B, 7F?!>;B?I>A!Y;?;!?;HB@;H !:;G!HFH!>IG! ?;=@J!AF<>FCF@=>@;!U 6!—!QWQe^`3!6FHF>G?=AG?F=G=M![ 7A:>!&66!F>Z;@GFI>!?;ABMGA!F>!AF<>FCF@=>G!DFM=G;?=M!?;HB@GFI>A!F>! "#F?!=>H!,;B, 7F?!-,@!>;B?I>A!IK;?!GJ;!@IB?A;!IC!^!EI>GJA !i`^jW!+>!=!@I>G?IM!;]L;?FE;>G3!Y;!;]=EF>;H!YJ;GJ;?!F>G?=AG?F=G=M!F>Z;@GFI>!IC!=>!;]I<;>IBA! L?IG;F>!G=T;>!BL!D:!>;B?I>A! ieQ3!eRj3!?=G!A;?BE!=MDBEF>!U(-)V3!F>HB@;H!=>! F>CM=EE=GI?:!?;ALI>A;!F>!GJ;!=DA;>@;!IC!F>G?=@;MMBM=?!L-:>!=@@BEBM=GFI>W!!"I!?BM;!IBG! !,#!=@BG ;!GI]F@FG:!F>HB@;H!D:!(-)3!"#F?!-,@!>;B?I>A!Y;?;!NB=>GFCF;H!=G!P!EI>GJA!=CG;?! F>Z;@GFI>W!,I!AF<>FCF@=>G!HFCC;?;>@;A!F>!"#F?!-,@!>;B?I>A!Y;?;!IDA;?K;H!HB;!GI!&.-3!I?! (-)!I?!&66!F>Z;@GFI>!F>!;FGJ;?!GJ;!FLAFM=G;?=M!I?!@I>G?=M=G;?=M!J;EFALJ;?;!U )!Ue3!P^V !—!QW`o`R3!6!{!QWQe 3!6FAG?=G;!GJ=G!(-)!F>Z;@GFI>3!BA;H!=A! =>!=HHFGFI>=M!@I>G?IM!G?;=GE;>G3!HFH!>IG!@IEL?IEFA;!GJ;!AB?KFK=M!IC!"#F?!-,@!>;B?I>AW !$<9+.69+*7'!,&#$o E.7"$-"1'0.-+".$6&!;$-"$,9&$:/1$!,$N$5+",9.$!"#$.-2"-4-1!",'7$#&1*&!.&$ -"$"05@&*$#0*-"2$,9&$_ Ek$5+",9$-",&*=!'$+4$:/1$#&2&"&*!,-+" $!/;!H;G;?EF>;H!GJ;!GFE;!@IB?A;!UR 7^!EI>GJA!LWFWV!IC!LJIALJI?:M=G;H![ 7A:>!UL-:>V! =@@BEBM=GFI>!F>!GJ;!-,@!CIMMI YF>G?=AG?F=G=M![ 7A:>!&66!F>Z;@GFI>!=G!EI>GJM:!F>G;?K=MAW! L-:>!F>@MBAFI>A!Y;?;!IDA;?K;H!F>!GJ;!-,@!FLAFM=G;?=M!GI!F>Z;@GFI>!F>!=MM![ 7A:>!&66! F>Z;@G;H!?=GA3!YFGJ!GJ;!>BED;?!IC!F>@MBAFI>A!K=?:F>!GFE;!LIF>G!=CG;?!F>Z;@GFI>! U6F@MBA FI>A!Y;?;!EIAG!=DB>H=>G!=G!EI>GJA!R3!P!=>H!`3!YFGJ!=MM!GJ?;;!GFE;! LIF>GA!;]JFDFGF>FCF@=>GM:!JF!F>@MBAFI>A!@IEL=?;H!GI!GJ;!F>G;?K=M!IC!-,@! H;<;>;?=GFI>!=G!EI>GJA!d3!e!=>H!^!U6FBED; ?!IC!F>G?=>;B?I>=M![ 7A:>!F>@MBAFI>A!F>!GJ;!-,@!Y=A!AF<>FCF@=>GM:! GJA!LWFW!@IEL=?;H!GI!=MM!IGJ;?!GFE;!LIF>GA!;]@;LG!GJ;!R!EI>GJ!GFE;!LIF>G! U6FGJA!=LL?I]FE=G;M:!PPPQ!›!RdSW^!-,@!>;B?I>A! LIAA;AA;H!L-:>!F>@MBAFI>AW! .:!@IEL=?FAI>3!=!MIAA!IC!‘!`SQd!"#F?!-,@!>;B?I>A! FLAFM=G;?=M!GI!&66!F>Z;@GFI>!Y=A!IDA;?K;H!=G!e 7^!EI>GJAW!"J;A;!?;ABMGA!AB<<;AG!GJ=G! L-:>!F>@MBAFI>!CI?E=GFI>!F>!GJ;!-,@!D;GY;;>!R 7`!EI>GJA!=CG;?!&66 7F>Z;@GFI>!L?;@;H;A! H;<;>;?=GFI>!IC!GJ;!-,@!>;B?I>A!=G!e 7^!EI>GJA!LWFW !$!,$!DRJ EOO$-550"+*&!1,-=&$^DRJ EOO-*a$5-1*+2'-!$-"1*&!.&$-"$,9&$:/1$-"$!..+1-!,-+"$%-,9$ !11050'!,-+"$+4$o E.7"$-"1'0.-+">$@0,$!*&$#&1*&!.&#$#0*-"2$,9&$-",&*=!'$+4$#&2&"&*!,-+" $!%#2 7++!;]L?;AAFI>!I>!EF@?I!IC!L?I 7F>CM=EE=GI?:! <;>;A!AB@J!=A!",63!+* 7R"3!=>H!25SQ!=A!Y;MM!=A!L?IF>CM=EE=GI?:!@:GITF>;!A;@?;GFI>! iRP7RdjW!/;!NB=>GFCF;H!%#2 7++!FEEB>I?;=@GFK;!U%#2 7++F?V!EF@?I!=>!=HZ=@;>G! A;?F;A!IC!-,@!GFAAB;!A;@GFI>A!=G!EI>GJA!R3!P3!`3!d3!e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deV !—!RoWde3! 6!{!QWQeV3!L?;ABE=DM:!?;CM;@GF>I> 7AL;@FCF@!?;ALI>A;! GI!F>Z;@GFI>!U6FFCF@=>GM:!JFBED;?A!IC!%#2 7++F?!EF@?I!GJ;!FLAFM=G;?=M!-,!IC![ 7A:>!&66 7F>Z;@G;H!?=GA!@IEL=?;H!GI !&.-!F>Z;@G;H!@I>G?IM!?=GA!=G!EI>GJA!P3!d!=>H!e!U 6!‰!QWQQ^3!6FH!+VW!"J;!L;=T!IC! %#2 7++F?!EF@?I!GJ;!-,!P!EI>GJA!CIMMIYF>!&66!F>Z;@GFI>!UL!‰!QWQP! @IEL=?;H!GI!&66!F>Z;@G;H!?=GA!=MM!IGJ;?!GFE;!LIF>GAV3!@I??;ALI>HF>G! YJ;>!GJ;!BED;?!IC!-,@!>;B?I>A!LIAA;AA![ 7A:>!=<H!+VW!+>!@I>G?=AG3!AF<>FCF@=>GM:!C;Y;?!%#2 7++F?!EF@?I!&66!F>Z;@G;H! ?=GA!=G!EI>GJA!e!=>H!^3!@I??;ALI>HF>G;?K=M!IC!-,@!"#F?!>;B?I> !MIAA3!=MGJIBBED;?A!Y;?;!AGFMM!!&.- 7F>Z;@G;H!@I>G?IMA!U6FH!6F!D;GY;;>!GJ;!>BED;?!IC!%#2 7++F?!EF@?IH! GJ;!>BED;?!IC!-,@!>;B?I>A!LIAA;AAF>!F>@MBAFI>A!F>!GJ;!-,!U ?!—!QWSSeS3!L! —!QWQQRe3!( P!—!QWoSd^3!6FGJA!P3!d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`3!R^V !—!QWP^`o3! 6!{!QWQe_!^!EI>GJA\! )!U`3!RQV !—!QWPdPo3! 6!{!QWQeVW!,I!AF<>FCF@=>G!HFCC;?;>@;A!Y;?;!IDA;?K;H!F>! EF@?I!GJ;!-,?!HB;!GI!F>G?=AG?F=G=M!(-)!F>Z;@GFI>A!=G!GJ;!P !EI>GJ!GFE;! LIF>G!U)!U`3!R^V !—!QWPe^3! 6!—!QWSee3!6FGJ!GFE;!LIF>G!@IF>@FHF>![ 7A:>!F>@MBAFI>!=@@BEBM=GFI>!F>!GJ;!-,@3!Y;!IDA;?K;H!=>!=LL?;@F=DM;! F>@?;=A;!F>!GJ;!AIE=!AFX;!=>H!GJF@T>;AA!=>H!>BED;?!IC!EF@?I!GJ;!-,?! IC!&66!F>Z;@G;H!?=GA!@IEL=?;H!GI!=!EI?;!@M=AAF@=MM:!NBF;A@;>G!EF@?I!@I>G?IM!F>Z;@G;H!?=GAW!!-L;@FCF@=MM:3!F>!GJ;!FLAFM=G;?=M!-,?!IC!?=GA!GYI!EI>GJA! CIMMIYF>!&66 !F>Z;@GFI>!GJ;!=K;?=<;!EF@?IFCF@=>GM:! M=?<;?!@IEL=?;H!GI!&.- 7F>Z;@G;H!?=GA!U )!U`3!R^V !—!dWQR^3! 6!—!QWQP3!6F!=MM!@I>HFGFI>A!D;GY;;>!‘!RQ! ~!PQQ!ƒEP3!YFGJ!=!AF<>FCF@=>GM:! G=<;!IC!EF@?I!GJ;!-,?!IC!?=GA!LIAA;AAF>![ 7A:>!F>@MBAFI>A!=G!P!EI>GJA!@IEL=?;H!GI!?=GA!F>Z;@G;H!YFGJ!&.-!U6FGJA!LWFW3!=!GFE;!LIF>G!@I??;ALI>HF>G!IC!K;?:!C;Y!L-:>![ 7A:>! F>@MBAFI> A!=>H!FEE;HF=G;M:!CIMMIYF>;B?I>A3!>I!AF<>FCF@=>G!HFCC;?;>@;A!F>! EF@?I! [7A:>!&66 !=>H!&.-!F>Z;@G;H!?=GA!U )!U`3!RQV !—!PWQSr3!6!{!QWQe3!6FIG;3!GJ;!=K;?=<;!EF@?I!&.-! F>Z;@G;H !?=GA!=G!^!EI>GJA!U?=GA!S!EI>GJA!IC!=<;V!Y=A!AF<>FCF@=>GM:!M=?<;?!GJ=>!&.- 7!,+!F>Z;@G;H!?=GA!=G!P!EI>GJA!Ud!EI>GJA!IC!=<;V!AB<<;AGF>!=<; 7?;M=G;H!F>@?;=A;!U )!U`3!RPV !—!`oWQQ3! 6!‰QWQQRV W!"J;!HFAG?FDBGFI>!IC!EF@?I!&66!=>H!&.-!?=GA! ^!EI> GJA!CIMMIYF>Z;@GFI>!=MAI!=LL;=?;H!AFEFM=?!U6F!=LL=?;>G! =<;7?;M=G;H!;CC;@G! ieP7edj!?;CM;@G;H!F>!=!G=<;!IC!EF@?I!S7EI>GJ 7IMH!?=GA!@IEL=?;H!GI!d 7EI>GJ 7IMH!?=GAW! !!'K;?=MM3!IB?!CF>HF>G!IC!-,@!L-:>![ 7A:>!F>@MBAFI>A!FA!=AAI@F=G;H! YFGJ!=!AF<>FCF@=>G!F>@?;=A;!F>!EF@?IB@M;F>IL=GJ:!F>!GJ;! -,@!G?F<<;?A!;=?M:!HFAGB?D=>@;A!F>!MI@=M!EF@?IG;?K=M!F>!YJF@J!Y;!ID A;?K;!GJFA! A:>B@M;F>IL=GJ: 7F>HB@;H!?;=@GFK;!EF@?IGJA!L?FI?!GI!MIAA!IC!-,@! >;B?I>A!U6FGF=M!GI! @I>G?FDBG;!GI!KBM>;?=DFMFG:!IC!-,@!>;B?I>A!GI!H;<;>;?=GFI>W!! !!/;!=MAI!;]=E F>;H!=!A;?F;A!IC!A;@GFI>A!GJ?IBH!AG?F=GBE!=G!P3!d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—!ABDAG=>GF=!>FH=?H !;??I?!IC!GJ;!E;=>W !=DB>H=>G!*;Y:7DIH:!MFT;!L=GJIMI<:!F>!IB?!EIH;M!=>H!FA!FELMF@=G;H!F>!>I> 7EIGI?!A:ELGIEA!F>!&5! ieejW!)G!P!EI>GJA!LWFW!Y;!IDA;?K;!=DB>H=>G!L-:>!F>@MBAFI>A!L?FE=?FM:!MI@=MFX;H!GI!GJ;! AIE=G=!U6F@?;=A;H!>;B?FGF@!L=GJIMI<:!; KFH;>G!D:!d!EI>GJA!U6FG;?;AGF>!IDA;?K=DM;!H;@?;=A;!F>!DIGJ!>;B?FGF@!=>H!AIE=G=!F>@MBAFI>A!FA! ;KFH;>G!D:!^!EI>GJA!U6F!IC!%#2 7++F?! EF@?IBED;?!IC!% #27++F?!EF@?IGJA!LWFW3!YJ;>!L-:>!F>@MBAFI>A!CF?AG!L;=T3!=>H!=!H;@?;=A;!F>!%#2 7++F?! EF@?I!=AAI@F=GFI>!YFGJ!?;HB@GFI>A!F>!GJ;!>BED;?!IC!L-:>!F>@MBAFI>AW!!+>G;?;AGF>!%#2 7++F?!EF@?I!P!= >H!d!EI>GJA!LWFW!YJ;>!L-:>! L=GJIMI<:!D;@IE;A!EI?;!=DB>H=>G!YFGJ!GJ;!=LL;=?=>@;!IC!>;B?FGF@!F>@MBAFI>AW!!"J;A;! IDA;?K=GFI>A!AB<<;AG!GJ=G!%#2 7++!FA!BL?;!F>@MBAFI>A!=>H!FA!>IG!ABAG=F>;H!IK;?!GFE;3!H;ALFG;!A;@I>H =?:!F>@?;=A;!F>!A:>B@M;F>! DB?H;>W!6;Y!GI!>I!%#2 7++F?!EF@?I!&.-!F>Z;@G;H!=>FE=MA!U6FF>@;LG!GJ=G!%#2 7++F?!I>!EF@?IHB@;H!D:!F>FGF=M! =@@BEBM=GFI>!IC!L-:>W !!DRJ EOO-*$5-1*+2'-!$-"$,9&$.,*-!,05$!*&$ "+,$!..+1-!,&#$%-,9$,9&$!11050'!,-+"$+4$o E.7"$ -"1'0.-+". $!*=AGM:3!Y;!;]=EF>;H!GJ;!GFE;!@IB?A;!IC!=@@BEBM=GFI>!IC! L-:>!F>@MBAFI>A!=>H!>BED;?!IC! %#2 7++F?!EF@?I!GJ;!AG?F=GBE!F>!?=GA!GJ=G!?;@;FK;H! B>FM=G;?=M![ 7A:>!&66!I?!&.-! !,-!F>G?=AG?F=G=M!F>Z;@GFI> W!)A! ?;LI?G;H!L?;KFIBAM:! i`^j3!GJ;!L=GG;?>!IC! L-:>![ 7A:>!F>@MBAFI>! =@@BEBM=GFI>!F>!GJ;!AG?F=GBE!FA!AG?FTF>G!C?IE!=@@BEBM=GFI>!F>!GJ;!-,@W!)G!P! EI>GJA3![ 7A:>!F>@MBAFI>A!F>!@;MM!DIHF;A!F>!GJ;!FLAFM=G;?=M!AG?F=GBE!=?;!?;M=GFK;M:!AL=?A;! =>H!L-:>![ 7A:>!F EEB>I?;=@GFKFG:!=LL;=?;H!L?FE=?FM:!MI@=MFX;H!GI!>;B?FG;A3!L?;ABE=DM:! F>!G;?EF>=MA!C?IE!GJ;!-,@!U-BLLM;E;>G=?:!6FHF] VW!'K;?!GJ;!@IB?A;!IC! GJ;!d!EI>GJA3!L-:>![ 7A:>!F>@MBAFI>A!F>!@;MM!DIHF;A!F>!GJ;!AG?F=GBE!F>@?;=A;!F>!>BED;?3! F>KIMKF>G?=M=G;?=M!J;EFALJ;?;!=A!Y;MM3!YFGJ!GJ;!BED;?!IC!L-:>![ 7A:>! F>@MBAFI>A!IDA;?K;H!F>!GJ;!FLAFM=G;?=M!AG?F=GBE!=G!GJ;!^ 7EI>GJ!GFE;!LIF>G!U-BLLM;E;>G=?:! 6FHF] VW!+>!=HZ=@;>G!AG?F=G=M!GFAAB;!A;@GFI>A3!Y;!;]=EF>;H!GJ;!G;ELI?=M! L=GG;?> !IC!%#2 7++F?!EF@?IFM=G;?=M![ 7A:>!&66!I?!&.-!F>G?=AG?F=G=M!F>Z;@GFI>W! $=?M:!=CG;?!F>Z;@GFI>3!=G!P!Y;;TA3!R!EI>GJ!=>H!P!EI>GJA3!=DB>H=>G!%#2 7++F?!EF@?I!GJ;!FLAFM=G;?=M!AG?F=GBE!F>!L?I]FEFG:!GI!GJ;!F>Z;@GFI>!AFG;A!F>!DIGJ !&66 7!=>H!&.- 7F>Z;@G;H!?=GA!U -BLLM;E;>G=?:!6F@;A! Y;?;!IDA;?K;H!D;GY;;>!G?;=GE;>G!GJ!GFE;!LIF>G!DBG!GJ;!E=<>FGBH;! IC!GJ;!%#2 7++!?;ALI>A;!=LL;=?;H!AMF!&66 7F>Z;@G;H!?=GA!@IEL=?;H!GI!GJ;! &.-7F>Z;@G;H!?=GA!=G!GJ;!P 7EI>GJ!GFE;!LIF>GW!#IY;K;?3!=G!d!=>H!^!EI>GJA3!HB?F>G;?K=M!IC!@I>GF>BF>!IC!L-:>![ 7A:>!F>@MBAFI>A!F>!GJ;!AG?F=GBE3!GJ;!>BED;?! IC!%#2 7++F?!EF@?II!HFCC;?;>@;A!IDA;?K;H!F>!GJ;!AE=M M!>BED;?!IC!%#2 7++F?!EF@?I!DIGJ!G?;=GE;>G!G=?:!6FHF] VW!!"J;A;!?;ABMGA!AB<<;AG!GJ=G!GJ;!=@BG;!EF@?IA;!GI! GJ;!&66!F>Z;@G=G;!E=:!HFCC;?!C?IE!GJ;!=@BG;!?;ALI>A;!GI!GJ;!AB?Z;@GFI>!=M I>;3!DBG!GJ=G!GJ;!ABDA;NB;>G!F>@?;=A;![ 7A:>!F>@MBAFI>!MI=H!YFGJF>!>;B?I>A!F>!GJ;!AG?F=GBE!HI;A! >IG!G?F<<;?!=!A;@I>H!Y=K;!IC!EF@?II?;=@GFKFG:W !!-.!B?@FE@@?#"!!!+>!GJ;!L?;A;>G!AGBH:3!F>G?=AG?F=G=M!F>Z;@GFI>!IC! [7A:>!&66A!GI!?=GA!?;ABMG;H!F>!YFH;AL?;=H! =@@BEBM=GFI>!IC!LJIALJI?:M=G;H![ 7A:>!F>@MBAFI>A!F>!A;K;?=M!=?;=A!GJ=G!F>>;?K=G;!GJ;! AG?F=GBE3!=A!L?;KFIBAM:!?;LI?G;H!F>!?=GA!=>H!EF@;! i`^3!e^jW!6B?GJ;?!;]=EF>=GFI>!IC!GJ;! F>@MBAFI>A!CI?E;H!F>!GJ;!-,@!?;K;=M;H!GJ=G! GJ;:!AJ=?;!E=>:!T;:!C;=GB?;A!YFGJ!*;Y:! DIHF;A!=>H!Y;?;!EIAG!=DB>H=>G!D;GY;;>!EI>GJA!R 7`!=CG;?!F>G?=AG?F=G=M![ 7A:>!&66! F>Z;@GFI>3!L;=TF>GJAW!"J;!E=<>FGBH;!IC!FLAFM=G;?=M!-,@!>;B?I>A!D;=?F>! F>@MBAFI>A!R 7`!EI>GJA!=CG;?![ 7A:>!&66!F>Z;@GFI>!=LL ?I]FE=G;H!GJ;!E=<>FGBH;!IC!MIAA!IC! FLAFM=G;?=M!-,@!>;B?I>A!IDA;?K;H!=G!e 7^!EI>GJA3!AB<<;AGF>AJFL! D;GY;;>![7A:>!F>@MBAFI>!=@@BEBM=GFI>!=>H!H;<;>;?=GFI>!IC!-,@!>;B?I>AW! -:>B@M;F>IL=GJ:!AL;@FCF@! %#2 7++!;]L?;AAFI>!F>!GJ;!FLAFM=G;?=M!-,@!AFEF M=?M: !L;=T;H!F>! GJ;!-,!=G!P!EI>GJA!=>H!Y=A!=AAI@F=G;H!YFGJ!=!?;=@GFK;!EF@?IFCF@=>GM:!M=?<;?! AIE=!AFX;3!`!EI>GJA!L?FI?!GI!H;<;>;?=GFI>W! -B?L?FAF>I?;=@GFKFG:!F>![ 7A:>!&66!F>Z;@G;H!?=GA!Y=A!AF<>FCF@=>GM: !H;@?;=A;H!HB?F>;?=GFI>!Ue 7^!EI>GJAVW!'K;?=MM3!GJ;!G;ELI?=M! L=GG;?>!IC!L;=T!*;Y:!DIH: 7MFT;!F>@MBAFI>!CI?E=GFI>!Y=A!=AAI@F=G;H!YFGJ!L;=T! >;B?IF>CM=EE=GFI>!F>!GJ;!-,3!DIGJ!IC!YJF@J!=LL;=?!EI>GJA!L?FI?!GI!MIAA!IC!-,@!>;B?I>AW!! "J;A;!? ;ABMGA!AB<<;AG!GJ=G!=>H!F>@?;=A;!F>!%#2 7++!E=:!D;!=!CF?AG 7?;ALI>A;!E;@J=>FAE! GI!F>FGF=M!=@@BEBM=GFI>!IC!F>G?=@;MMBM=?![ 7A:>!=>H!GJ=G!?;=@GFK;!EF@?IGF=M! GI!@I>G?FDBG;!GI!KBM>;?=DFMFG:!IC!-,@!>;B?I>A!GI!H;<;>;?=GFI>!U6F!GJ;!?IM;!IC!EF@?I=M!LJ=H!=>GF<;>!L?;A;>GF>@;! IC!=!A;@I>H!Y=K;!IC !?;=@GFK;!EF@?IH! H;@?;=A;!F>! %#2 7++F?!EF@?IG;?K=M!IC!I>;?=GFI> !Y=A!AB?L?FAF>< W!!"JFA!?;ABMG!E=: !D;!!-)!;]LM=F>;H!D:!GJ;!L?IG?=@G;H! =>H!EFMH! E=<>FGBH; !IC!@;MM!H;=GJ! =G!GJ;!G;?EF>=M!;>H!LIF>G! AGBHF;H!U|`ez !=G!^!EI >GJA!LWFW V!F>!@I>G?=AG!GI!GJ;!A;K;?FG:!IC!H;<;>;?=GFI>!F>!LIAG 7EI?G;E!&5!A=ELM;A!U eQ7rQz!=G!HF=<>IAFA !ieojVW!!)HHFGFI>=MM:3!=!MFEFG=GFI>!IC!?IH;>G! EIH;MA!FA!GJ=G!5);?;B?I>A!HI!>IG!LIAA;AA!>;B?IE;M=>F>3!=!LIG;>G!EF@?IG?FDBGFI>!IC!GJ;!F>CM=EE=GI?:!?;ALI>A;!F>!JBE=>A! E=:!F>!C=@G!D;!B>H;?;AGFE=G;H!D:!CF>HF>FE=M!EIH;MAW!! 6B?GJ;?EI?;3!+D= 7R!EI?LJIMI<:!=>H!%#2 7++!=?;!I>M:!GYI! AL;@FCF@!E=?T;?A! IBG!IC!E=>:!LIAAFDM;! F>HF@;A !IC!F>CM=EE=GFI> !U@:GITF>; A3!GIMM!MFT;!?;@;LGI?!;]L?;AAFI>3!;G@nV! "J;?;CI?;3!Y;!@=>>IG! @IELM;G;M:!?BM;!IBG!GJ;! F>KIMK;E;>G !IC!IGJ;?!F>CM=EE=GI?:!E;HF=GI?A!HB?F>G;?K=M! IC!H;<;>;?=GFI>W! 'B?!?;ABMGA! AL;@FCF@=MM:! LIF>G!GI!F>KIMK;E;>G!IC!=>GF<;>!L?;A;>G=GFI>!D:! EF@?IHB@;H !D:!F>G?=>;B?I>=M!F>@MBAFI>A!IC!L-:>W!!6B?GJ;?!AGBHF;A!F>K;AGF<=GF>G;H!D:! %#2 7++F?! EF@?I3!E;ED?=>;!IC!H:F>;B?I>A3!;G@nV!=>H !GJ;!;>J=>@;H!;]L?;AAFI>!IC !IGJ;?!F>CM=EE=GI?:! E;HF=GI?A !AB@J!=A! GIMM7MFT;!?;@;LGI?!AF<>=MF>G;HW !!/FGJF>!GJ;!=BM=?!F>ABM=?!@I?G;]3!Y;!IDA;?K;!L-:>!L?FE=?FM:!MI@=MFX;H!GI!GJ;!AIE=G=! =G!P!EI>GJA3!CIMMIY;H!D:!=>!F>@?;=A;!F>!>;B?FGF@!L=GJIMI<:!D:!d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iee3!^R3!^PjW!!/FGJF>!GJ;!AG?F=GBE3!GJ;!AFG;!IC![ 7A:>!&66!F>Z;@GFI>3!Y;!IDA;?K;H!=!HFAGF>@GM:!HFCC;?;>G! L=GG;?>!IC! =@@BEBM=GFI>!IC![ 7A:>!F>@MBAFI>A!@IEL=?;H!GI!GJ;!-,@!U-BLLM;E;>G=?:! 6F!D;GY;;>![ 7A:>!F>@MBAFI>!MI=H!=>H!%#2 7++!FEEB>I?;=@GFKFG:!F>!GJ;!AG?F=GBE!U-BLLM;E;>G=?:!6FG?=AG?F=G=M!F>Z;@GFI>!FGA;MC !G?F<<;?;H!=>!=@BG;!F>@?;=A;!F>!%#2 7++!FEEB>I?;=@GFK;! EF@?IJ=>@;H!D:!GJ;!L?;A;>@;!IC!GJ;!&66!F>Z;@G=G;_! JIY;K;?3!GJ;!L?;A;>@;!IC!%#2 7++!H;@?;=A;H!H?=E=GF@=MM:!IK;?!GFE;!F>!=MM!@I>HFGFI>A! H;ALFG;!=>!;K;?!F>@?;=AF>! F>@MBAFI>!MI=HW!2IEL=?;H!GI!GJ;!-,@3!GJ;! =@@BEBM=GFI>!IC![ 7A:>!F>@MBAFI>A!F>!GJ;!AG?F=GBE!FA!H;M=:;H!YFGJ!>I!MIAA!IC!AG?F=G=M! >;B?I>A!IDA;?K;H!=G!^!EI>GJA! i`^j!=>H!FG!FA!B>T>IY>!YJ;GJ;?!H;<;>;?=GFI>!IC!AG?F=G=M! >;B?I>A!BMGFE=G;M:!I@@B?A!=G!M=G;?!GFE;!LIF>G AW!+G!FA!B>@M;=?!YJ;GJ;?![ 7A:>!F>@MBAFI>!MI=H! F>@?;=A;A!=>H!L;=TA!L=AG!GJ;!^ 7EI>GJ!GFE;!LIF>G!=>H!YJ;GJ;?!GJ;!L?;A;>@;!IC!%#2 7++!FEEB>I?;=@GFK;!EF@?I! GJ;!AG?F=GBE!FMMBAG?=G;!GJ;!>;@;AAFG:!I C!H;G;?EF>F>!=@BG;!F>CM=EE=GI?:! ?;ALI>A;!GI!MI@=M!F>Z;@GFI>!=>H!GJ=G!GJ;!E=<>FGBH;!IC!GJFA!?;ALI>A;!E=:!L?;K;>G!GJ;! ?;=@GFK;!EF@?I!F>@MBAFI>AW!6B?GJ;?3!GJ;A;! AG?F=G=M!?;ABMGA!AB<<;AG!GJ=G![ 7A:>!F>@M BAFI>A!HI!>IG!=BGIE=GF@=MM:!G?F<<;?!?;=@GFK;! EF@?IH!GJ=G!IGJ;?!C=@GI?A!F>@MBHF>@MBAFI>!CI?E=GFI>3!FEL;>HF>KF?I>E;>G!I?!EF@?IH!=AG?I@:G;!H;>AFG:! idRj!E=:!D;!F>KIMK;H!F>! H;G;?EF>F>;B?IF>CM=EE=GI?:!@ =A@=H;!IC!;K;>GAW!!!! !!-#!+>!?;ALI>A;!GI!L;?AFAG;>G!>;B?I>=M!AG?;AA!=>H!L?IG;F>!=@@BEBM=GFI>!AB@J!=A! [7A:>! =<3!EF@?I!D;@IE;!@J?I>F@=MM:!=@GFK=G;H3!L?IMFC;?=G;3!EFCM=EE=GI?:!@:GITF>;A!=>H!?;=@GFK;!I]:<;>!AL;@F;A!=>H!BMGFE=G ;M:!@I>G?FDBG;!GI! >;B?I>=M!F>ZB?:!F>!=>!B>@I>G?IMM;H3!C;;H 7CI?Y=?H!E=>>;? !iRr3!^`7^^jW!%F@?I!=MAI! LJ=H!H;=H!>;B?I>A! i^o7^rjW!!"J;!IDA;?K=GFI>!GJ=G! [7A:>! F>@MBAFI>!G?F<<;?;H !%#2 7++!;]L?;AAFI>!I>!EF@?I!GJ;!-,!L?FI?!GI!H;<;>;?=GFI>! F>HF@=G;A!GJ=G!>;B?IF>CM=EE=GFI>!E=:!@I>G?FDBG;!GI!GJ;!E;@J=>FAE!IC!L=GJILJ:AFIMI<:W! #IY;K;?3!FG!FA!B>MFT;M:!GJ=G!EF@?I!FA!GJ;!AIM;!=?DFG;?!IC!H;<;>;?=GFI>!! GJ=G!>;B?I>=M! H;=GJ!@=>!?;ABMG!C?IE! [7A:>!&66!F>HB@;H!F>G?=>;B?I>=M!F>@MBAFI>A!F>! @BMGB?;A!F>!GJ;!=DA;>@;!IC!EF@?I=?FI!F>KIMK;A! >;B?IF>CM=EE=GFI>!@I>G?FDBGF>F;?=GFI>!YFGJ! L?IL;?GF;A!B>FNB;!GI!GJ;!>FKF?I>E;>G! ioQ7oej!=HHF>GAW! 6BGB?;!AGBHF;A!F>K;AGF<=GF>!IC!L?IF>CM=EE=GI?:!=>H!=>GF 7F>CM=EE=GI?:! @:GITF>;A!F>!GJ;!-,!=G!GFE;!LIF>GA!L?FI?!GI 7!=>H!CIMMIYF>F;?=GFI>!FA! Y=??=>G;HW !!#BE=>!&5!AGBHF;A!;]=EF>F >;B?IF>CM=EE=GFI>!AB<<;AG!F>KIMK;E;>G!IC!DIGJ!GJ;!MI@=M! D?=F>!FEEB>;!?;ALI>A;!=>H!GJ;!=H=LGFK;!FEEB>;!A:AG;E!F>!&5! io^7oSjW!+>!GJ;!L?;A;>G! AGBH:3!Y;!HFH!>IG!;]=EF>;!GJ;!LIAAFDFMFG:!IC!L;?FLJ;?=M!FEEB>;!@;MM!F>CFMG?=GFI>!D;:I>H! LJ=IG!H;G;@G;H!F>!GJ;!L=?;>@J:E=!F>!&66! F>Z;@G;H!=>FE=MA!=G!=>:!AG=<;3!=>H!H=G=!C?IE!JBE=>!GFAAB;!?;<=?HF>@;!IC! 25^S}!E=@?ILJ=<;A!F>!JBE=>!&5!FA!MFEFG;H! iSjW!#IY;K;?3!EF@?IAFH;?;H!GI! D;!GJ;!L?F>@FLM;!=>GF<;> 7L?;A;>GF>!GJ;!D?=F>!=>H!%#2 7++!;]L?;AAFI>!FA! !-$!=AAI@F=G;H!YFGJ!GJ;!?;@I<>FGFI>!IC!25d}!" 7J;ML;?!@;MMAW!!+G!FA!LIAAFDM;!GJ=G!25d}!" 7@;MMA! L=?GF@FL=G;!F>!GJ;!?;ALI>A;!GI! [7A:>!F>@MBAFI>A!F>!GJ;!-,_!JIY;K;?3!YJ;GJ;?!GJ;!>;G! ;CC;@G!IC!25d}!" 7@;MMA!FA!>;B?IH;<; >;?=GFK;!I?!>;B?IL?IG;@GFK;!?;NBF?;A!CB?GJ;?! A:AG;E=GF@!;K=MB=GFI> !iorjW!+>!=HHFGFI>3!%#2 7+!;]L?;AAFI>!D:!-,@!>;B?I>A!Y=A! IDA;?K;H!F>!=AAI@F=GFI>!YFGJ![ 7A:>!IK;?;]L?;AAFI>! iSQj!=>H!E=:!AFEFM=?M:!D;!;]L?;AA;H! D:![ 7A:>!F>@MBAFI> 7D;=?F>;B?I>AW! +>!=HHFGFI>3!FG!Y=A!?;@;>GM:!AJIY>!GJ=G!"! M:ELJI@:G;A!FAIM=G;H!C?IE!&5!L=GF;>GA!?;@I<>FX;!AL;@FCF@![ 7A:>!L;LGFH;A! iSRj3!AG?;>F>@;LG!GJ=G!>;B?IF>CM=EE=GFI>!@=>!D;!F>HB@;H!D:![ 7A:>!=>H! LIG;>GF=MM:!F>KIMK;H!;=?M:!F>!&5!L?IW! !!/JFM;!GJ;!@I>@;LG!G J=G!%#2 7++!FA!F>KIMK;H!F>!&5!=>H!@I??;M=G;A!YFGJ![ 7A:>!DB?H;>! iSj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`dd!?=GA!U,—RRdV!?;@;FK;H!GYI!B>FM=G;?=M! F>G?=AG?F=G=M!F>Z;@GFI>A!IC!;FGJ;?!AI>F@=G;H![ 7A:>!&66A3!5BMD;@@I9A!&.-!U&.-V3!I?!?=G!A;?BE! =MDBEF>!U(-) _!CIMMIY 7BL!AGBH:!I>M:VW!!2IJI?GA!IC!?=GA!Y;?;!;BGJ=>FX;H!=G!=>!;=?M:!GFE;!LIF>G!UP! Y;;TAV!=>H!EI>GJM:!F>G;?K=MA!GJ;?;=CG;?W!!.?=F>A!Y;?;!?;EIK;H!=>H!L?I@;AA;H!CI?! FEEB>IJFAGI@J;EF@=M!E;=AB?;A!IC!L=GJIMI<:!=A!H;G=FM;HW!! bPc! $M;@G?I>!EF@?IAI>F@=G;H! ^'&4,a ![7A:>!&66A!=>H!AI>F@=G;H![ 7A:>!&66A $^*-29,a?$ -@=M;!D=?A!—RQQ>EW! bFc !%;=AB?;E;>G!HFAG?FDBGFI>!IC!|eQQ!AI>F@=G;H!&66A!L?FI?!GI!F>Z;@GFI>_!E;=>!CFD?FM!AFX;!—!eRWPP! ›RW`R!>EW! bDc !-@J;E=GF@!IC!&66!EIH;M!IC!A:>B@M;F>IL= GJ:W!!-I>F@=G;H![ 7A:>!CFD?FMA!=?;!F>Z;@G;H! F>GI!GJ;!AG?F=GBE!=>H!G=T;>!BL!D:!>F=MA! ^Sa 3!=CG;?!YJF@J!GJ;:!G;ELM=G;!=>H! @I>K;?G!;>HI<;>IBA![ 7A:>!GI!=!J:L;?LJIALJI?:M=G;H3!L=GJIMIGI!*;Y:!>;B?FG; 7!=>H!*;Y:!DIH: 7MFT;!F>@MBAFI>A! ^\a W!!!)DD?;KF=GFI>A\![ 7A:>!—!=MLJ= 7A:>B@M;F>_!&66A—!L?; 7CI?E;H!=MLJ= 7A:>B@M;F>!CFD?FMA_!&.-!—! LJIALJ=G;!DBCC;?;H!A=MF>;_!ƒM!—!EF@?IMFG;?_!ƒG?IM=G;?=M!AG?F=GBE_!+#2!—!FEEB>IJF AGI@J;EFAG?:_!L-:>!—![ 7A:>!LJIALJI?:M=G;H!=G! -;?F>;RPr_!%#2 7++!—!E=ZI?!JFAGI@IEL=GFDFMFG:!@IELM;] 7++_!+D= 7R—!FI>FX;H!@=M@FBE 7DF>HF>;!J:H?I]:M=A;_!,;B,!—!,;B?I>=M!>B@M;F_!25^S!—!@MBAG;?!IC! HFCC;?;>G F=GFI >!^S_!q2!—!NB=MFG:!@I>G?I !!-+!*?LE:9! KGJ9!F67:7F$9:?@$?F@ !!b7UFc! (;L?;A;>G=GFK;!FE=<;A!IC !*;Y: 7DIH:7MFT; !F>G?=>;B?I>=M !L-:>!F>@MBAFI>A!F>!GJ;!ABDAG=>GF=! >FGJ!LWFW!AJIY!L=GJIMI<:!FA!MI@=MFX;H!GI!GJ;!FLAFM=G;?=M!-,@W! bDUQc!)HZ=@;>G!-,!GFAAB;!A;@GFI>A!AG=F>;H!CI?!'P!UIMF!@I>CI?E=GFI>!AL;@FCF@V! =>H!6P! bLU?c!UCFD?FMM=?!AL;@ FCF@!@I>CI?E=GFI>V![ 7A:>!?;K;=M!GJ=G!E=>:!F>G?=>;B?I>=M!F>@MBAFI>A! LIAA;AA!E=GB?;3!CFD?FMM=?!F>@MBAFI>A!IC![ 7A:>W! bdc !&;?@;>G !IC!L-:>!F>@MBAFI>A!YFGJ!;FGJ;?! ’!IMF=>GM:!CFD?FMM=?!U6PV!FEEB>I?;=@GFKFG:!=>H!;AGFE=G;H!L?ILI?GF I>!IC!L-:>!F>@MBAFI>A!GJ=G!=?;!IMFM:W! 5=G=!?;L?;A;>G!E;=>!›!-$%W!!-@=M;!D=?A!UD3!;3!JV!—! !!-,!*?LG!KG J!F#"$AD !eQƒE3!U@3!C3!FV!—!RQ!ƒEW! b>c !$>HI<;>IBA! [7A:>!FEEB>I?;=@GFKFG:!F>!GJ;!-,@!=>H!-,?W! bCc !)HZ=@;>G! GFAAB;!A;@GFI>A!;]LIA;H!GI!L?IG;F>=A; 78!?;K; =M!=DA;>@;!IC!AIMBDM;![ 7A:>!F>!GJ;!-,?!=>H!GJ;! L?;A;>@;!IC!F>AIMBDM;3!>;B?I>=M!F>@MBAFI>A!IC![ 7A:>!F>!GJ;!-,@ W!bNc! "JFICM=KF> 7-!CMBI?;A@;>@;!IC! =E:MIFH!AG?B@GB?;!L?;A;>G!F>!-,@!>;B?I>AW! -@=M;!D=?A! b>R!CR!Nc !—!eQƒE3!U+>A;GAV!—!PeƒE W!!!)DD?;KF=GFI>A\![ 7A:>!— !=MLJ= 7A:>B@M;F>_!LWFW!—!LIAG!F>Z;@GFI>_!L-:>—![ 7A:>!LJIALJI?:M=G;H!=G! -;?F>;RPr_!'P—!IMF!=>GFDIH:_!6P—!CFD?FMM=?![ 7A:>!I>M:!=>GFDIH:_!-,@! —ABDAG=>GF=!>FGF=!>FH=?H!;??I?!I C!GJ;!E;=>W !!!!!--!!*?LE:9!K GKFM=G;?=M!F>G?=AG?F=G=M ![7A:>!&66!F>Z;@GFI>!F>HB@;A!KFAFDM;!MIAA!IC!"#F?!>;B?I>A!UD?IY>V!F>! GJ;!-,!=G!^!EI>GJA! @IEL=?;H!GI!=>!=<; 7E=G@J;H3!&.-!F>Z;@G;H!@I>G?IMW!-@=M;!D=?A!U)32V!—! PeƒEW! b9c !-G;?;IMIG!IC!"#F?!>;B?I>!MIAA!=G!P3!d3!e3!=>H!^!EI>GJA!CIMMIYF>! &66!I?!A=MF>;!F>Z;@GFI>W!-F<>FCF@=>G!FLAFM=G;?=M!?;HB@GFI>!F>!"#F?!>;B?I>A!Y=A!IDA;?K;H!=G! e!=>H!^! EI>GJA!LIAG!F>Z;@GFI>!@IEL=?;H!GI!A=MF>;!F>Z;@G;H!@I>G?IMA!YFGJ!AF<>FCF@=>G!@I>G?=M=G;?=M!MIAA!=G!e! EI>GJA!‚L‰QWQPo!@IEL=?;H!GI!?;AL;@GFK;!&.-!J;EFALJ;?; >$‚‚L!‰!QWQR`!@IEL=?;H!GI!?;AL;@GFK;! &.-!J;EFALJ;?; $bQc!2I??;M=GFI>!D;GY;;>!;]G;>G!IC!FLAFM=G;? =M!"#F?!>;B?I>!MIAA!=>H!@I>G?=M=G;?=M! MIAA!=A!@IEL=?;H!GI!&.-!@I>G?IM_!U?!—!QWSSee3!L!—!QWQQQo3!( P!—!QWoSdPVW! bLc !-G;?;IMIG!IC!,;B,F?!>;B?I>A!?;K;=MA!IK;?G!H;<;>;?=GFI>!HFAGF>@G!C?IE!MIAA!IC!"#!LJ;>IG:L;3! ‚L‰!QWQ`!@IEL=?;H!GI!FLAFM=G;?=M!&.- W!b6c! (;L?;A;>G=GFK;!+#2!IC!,;B,F?!>;B?I>A!UD?IY>3! =??IYAV!F>!GJ;!-,@!F>!&.-! ^'&4,a !=>H!&66!F>Z;@G;H! ^*-29,a !=>FE=MA!^!EI>GJA!LWFW! b?c !-G;?;IMIG!IC!"#F?!>;B?I>A!=G!P!EI>GJA!LWFW!?;K;=MA!>I!AF<>FCF@=>G!=@BG;!GI]F@FG:!C?IE!F>Z;@GFI>! IC!?=G!A;?BE!=MDBEF>!U(-)VW!5=G=!?;L?;A;>G!E;=>!›!-$%W! !!!)..!*?LG!KGK!F#"A$D !)DD?;KF=GFI>A\!&66!—!L?; 7CI?E;H!=MLJ= 7A:>B@M;F>!CFD?FMA!LWFW!—!LIAG!F>Z ;@GFI>_!+LAFM=G;?=M!—! FLAFM=G;?=M!J;EFALJ;?;!?;M=GFK;!GI!F>Z;@GFI>_!@I>G?=M=G;?=M!—!@I>G?=M=G;?=M!J;EFALJ;?;!?;M=GFK;!GI! F>Z;@GFI>_!-,@!—!ABDAG=>GF=!>FGF=!>F=M!,B@M;F! !!!).)!*?LE:9! KGM!7FFENEC7$?#"!#Q!\ U@I"!?"FCE@?#"@R!PE$!7:9!C?N?$9D!DE:?"L! $69!?"$9:S7C!#Q!D9L9"9:7$?#" !b7UFc!(;L?;A;>G=GFK;!FE=<;A!IC!L-:>!F>@MBAFI>A!F>!GJ;!-,@!=G!P3!d!=>H !e!EI>GJA!LWFW_!-@=M;!D=?! U)72V!—! RQƒEW !bDc !-G;?;IMIG!IC!L-RPr!@I>G=F>F>;B?I>A!F>!GJ;!ABDAG=>GF=! !$$!)."!*?LE:9!KGM!F#"$ADG !>F!&66!=>FE=MA!=G!R3!P3!`3!d3!e3!=>H!^!EI>GJA!LWFW_!‚L”QWQQR!@IEL=?;H!GI!d3!e3!^3!EI>GJAW! •L!”!QWQQ^!@IEL=?;H!GI!`3!d3!e3!^!EI>GJAW!L-:>!F>@MBAFI>A!H;@?;=A;!IK;?!GFE;!F>!=AAI@F=GFI>! YFGJ!>;B?I>=M!MIAAW! b9c! %=ZI? 7JFAGI@IEL=GFDFMFG:!@IELM;] 7++!U%#2 7++_!DMB;V!L?IG;F>!@IMI@=MFX;A!YFGJ! FI>FX;H!@=M@FBE!DF>HF>V!YFGJF>!EF@?IG=GFK;!FE=<;A!IC!%#2 7++!=>GF<;> 7L?;A;>GF>!GJ;!-,!=G!P!EI>GJA!F>!&.-! =>H!&66!F>Z;@G;H!?=GA!=>H!^!EI>GJA!LIAG 7&66!F>Z;@GFI>! b6c _!-@=M;!D=?!6 7#!—! eQ!ƒE3!+>A;GA—! RQƒEG!b?c !-G;?;IMIG!IC!%#2 7++F?!EF@?I!GJ;!-,!?;K;=MA!%#2 7++F?!EF@?IFCF@=>GM:!JF!&66!KAW!&.-!=>FE=MA!=G!P3!d3!=>H!e!EI>GJA!‚L‰QWQQ^W!%I?;!%#2 7++F?! EF@?IG!F>!P!EI>GJ !&66!=>FE=MA!KAW!=MM!IGJ;?!&66!GFE;!LIF>GA!•L‰QWQPW!,IG=DM:3! %#2 7++F?!EF@?I!=<!L;=TA! bDR!?c W!bdc !,BED;?!IC!%#2 7++!FEEB>I?;=@GFK;!EF@?IBED;?!IC!-,@!>;B?I>A!YFGJ!F>G?=>;B?I>=M!L-:>! F>@MBAFI>A!U ?!— !QWSSeS3!L!—!QWQQRe3!( P!—!QWoSd^ VW! b>c !+>!=!CIMMIY 7BL!AGBH:3!F>G?=AG?F=G=M!F>Z;@GFI>!IC! ?=G!A;?BE!=MDBEF>!U(-)V!HI;A!>IG!FEL=@G!>BED;?A!IC!%#2 7++F?!EF@?IZ;@GFI>!IC!&66A!F>!GJFA!A;@I>H!@IJI?G!@I>CF?E;H!L?;KFIBA!IDA;?K=GFI>A! IC!=!AF<>FCF@=>G! F>@?;=A;!F>!%#2 7++F?!EF@?IGJA!LWFW!‚‚‚ !L!”!QWQQQ^W! )DD?;KF=GFI>A\!LWFW!—!LIAG!F>Z;@GFI>_ !&66A—!L?; 7CI?E;H!=MLJ= 7A:>B@M;F>!CFD?FMA_!&.-!—!LJIALJ=G;! DBCC;?;H!A=MF>;_!(-)!—!?=G!A;?BE!=MDBEF>W!%#2 7++—!E=ZI? 7JFAGI@IEL=GFDFMFG:!@IELM;] 7++_!+D= 7R—!FI>FX;H!@=M@FBE!DF>HF>I?;=@GFK;_!-,@!—!ABDAG=>GF=!>FH=?H!;??I?!IC!GJ;!E;=>W !$$!).#!*?LE:9! KGZBED;?!IC!EF@?IIG!HFCC;?!D;GY;;>!&.-3!(-)!=>H!&66 7F>Z;@G;H!=>FE=MA3!L! {!QWQe W!bPc! %F@?I!GJ;!FLAFM=G;?=M!=>H!@I>G?=M=G;?=M!-,?!HFH!>IG!HFCC;?!AF<>FCF@=>GM:! D;GY;;>!=>FE=MA!?;@;FK F>G?=AG?F=G=M!F>Z;@GFI>A!IC!&.-!I?!(-)3!L! {!QWQe W!bFc! %F@?IFCF@=>GM:!F>@?;=A;H!=G!P!EI>GJA!F>!GJ;!FLAFM=G;?=M!-,?3!YJ;>!L;=T!>BED;?A!IC!L-:>! =<G!F>!>;=?D:!-,@!>;B?I>A!=A!@IEL=?;H!GI!&.- 7F>Z;@G;H!=>FE=MA 3!‚L! —!QWQP W!!bDU9c!(;L?;A;>G=GFK;!FE=<;A!IC!-,!A;@GFI>A!HB=M!M=D;M;H!CI?!+D= 7R!FEEB>I?;=@GFK;! EF@?IH!,;B, 7F?!>;B?I>A!UD?IY>V!P!EI>GJA!CIMMIYF>G?=AG?F=G=M!&.-!I?! [7A:>! &66!F>Z;@G;H!?=GAW! [7A:>! &66 7F>Z;@G;H!?=GA!;]JFDFG!M=?<;?!@;MM!DIHF;A !=>H!F>@?;=A;H!>BED;?! =>H!GJF@T>;AA!IC!L?I@;AA;AW! bQR!?"@9$c !5FAG?FDBGFI>!IC!EF@?IGA!P! EI>GJA!CIMMIYF>G?=AG?F=G=M!&.-!I?!(-)!F>Z;@GFI>!FMMBAG?=G;H!=A!=!L;?@;>G!IC!GIG=M!EF@?IGFCF;HW!! bLc! 5FAG?FDBGFI>!IC!EF@?IGA!P!EI>GJA!CIMMIYF>! &66! F>Z;@GFI>!FMMBAG?=G;H!=A!=!L;?@;>G!IC!GIG=M!EF@?IGFCF;HW! b6c! &;?@;>G!IC!GIG=M!EF@?IGFCF;H!CI?!AIE=!=?;=!=>=M:AFA!YFGJ!@;MM!DIH:!=?;=A!{oQ !ƒE!=G!P!EI>GJAW!!%F@?I!&66 7F>Z;@G;H!?=GA!LIAA;AA;H!AF<>FCF@=>GM:!EI?;!EF@?I! {oQ!ƒE! @IEL=?;H!GI!&.- 7F>Z;@G;H!?=GA3!‚ L!—!QWQ` W!b&c !)G!^!EI>GJA!LWFW!EF@?I!GJ;! FLAFM=G;?=M!=>H!@I>G?=M=G;?=M!-,?!HFH!>IG !HFCC;?!AF<>FCF@=>GM:!D;GY;;>!?=GA!?;@;FKF>!&66!F>G?=AG?F=G=M! F>Z;@GFI>A3!HB?F>G;?K=M!IC!I>;?=GFI>!F>!GJ;!-,@!IC!&66! F>Z;@G;H!=>FE=MA3!L! {!QWQe W!bdU>c! (;L?;A;>G=GFK;!FE=<;A!IC!-,!A;@GFI>A!HB=M!M=D;M;H!CI?!+D= 7R!FEEB>I?;=@GFK;!EF@?IH!,;B, 7F?!>;B?I>A!UD?IY>V!=G!^!EI>GJA!LWFW!;]JFDFG!=!J:L;?! ?=EFCF;H!EI?LJIMI<:3!?;<=?HM;AA!IC!G?;=GE;>GW! bCUNc!5FAG?FDBGFI>!IC!EF@?IGA! ^!EI>GJA!LWF!F>!&.-!=>H!&66!F>Z;@G;H!?=GA!=A!=!L;?@;>G!IC!GIG=M!EF@?IGFCF;HW!-@=M;!.=?A!U5 7$3!f 78V!— !PeƒEW!5=G=!?;L?;A;>G!E;=>!›!-$%W !!)DD?;KF=GFI>A\!LWFW!—!LIAG!F>Z;@GFI>_ !&66A—!L?; 7CI?E;H!=MLJ= 7A:>B@M;F>!CFD?FMA_!&.-!—!LJIALJ=G;! DBCC;?;H!A=MF>;_ !(-)!—!?=G!A;?BE!=MDBEF>W_!+D= 7R—!FI>FX;H!@=M@FBE!DF>HF>I?;=@GFK;_!,;B, 7F?!—!,;B?I>=M!,B@M;F!FEEB>I?;=@GFK;_! +LAFM=G;?=M!—!FLAFM=G;?=M! J;EFALJ;?;!?;M=GFK;!GI!F>Z;@GFI>_!@I>G?=M=G;?=M!—!@I>G?=M=G;?=M!J;EFALJ;?;!?;M=GFK;!GI!F>Z; @GFI>_ !-,@!—!ABDAG=>GF=!>FGF=!>FH=?H! ;??I?!IC!GJ;!E;=>W !!!!!).%!*?LE:9!KG[G=GFK;!FE=<; A!IC!L-:>!=@@BEBM=GFI>!F>!GJ;!=BM=?!F>ABM=?!@I?G;]!=G!P3!d!=>H!^! EI>GJA!LWFW!!&=GJIMI<:!FA!L?FE=?FM:!MI@=MFX;H!GI!GJ;!AIE=!=G!P!EI>GJA! b7c 3!YFGJ!F>@?;=A;H!>;B?FGF@! L=GJIMI<:!D:!d!EI>GJA! bPc !=>H!=>!IDA;?K=DM;!H;@?;=A;!IK;?=MM!D:!^!EI>GJA3!LIAAFDM:!HB;!GI! H;=GJ!IC!>;B?I>AW! bFc W!!,I!L-:>!F>@MBAFI>A!Y;?;!IDA;?K;H!F>!&.- 7F>Z;@G;H!=>FE=MA! bLU?cW!!bDUQc!)!AFEFM=?!L=GG;?>!Y=A!IDA;?K;H!F>!%#2 7++!;]L?;AAFI>!I>!EF@?IBED;?A!IC!%#2 7++F?! EF@? IGJA!LWFW! bDc 3!H;@?;=A;H!=G!d!EI>GJA! b9c !=>H!KF?GB=MM:!=DA;>G!D:! ^!EI>GJA! bQcG!!bdUCc!6;Y!GI!>I!%#2 7++F?!EF@?I!&.-!F>Z;@G;H!=>FE=MA!=G!=>:! GFE;!LIF>G3!AB<<;AGF>!I@@B?A!F>!?;ALI>A;!GI!= @@BEBM=GFI>!IC!L-:>! F>AFH;!>;B?I>AW !)DD?;KF=GFI>A\!LWFW!—!LIAG!F>Z;@GFI>_ !L-:>!—! [7A:>!LJIALJI?:M=G;H!=G!-;?F>;RPr_! &66A—!L?; 7CI?E;H!=MLJ= 7A:>B@M;F>!CFD?FMA_!&.-!—!LJIALJ=G;!DBCC;?;H!A=MF>;_!%#2 7++—!E=ZI? 7JFAGI@IEL=GFDFMFG:!@IELM;] 7++__!7F?—FEEB>I?;=@GFK;W !!).*!!*?LE:9!KG^!IC!LJIALJI?:M=G;H!F>@MBAFI>A!IC![ 7A:>!UL;=T !=G!P!EI>GJAV!F>!GJ;! ABDAG=>GF=!>FIG:L;!=>H!;K;>GB=M!MIAA!IC!>F;! >;B?I>A!D:!e 7^!EI>GJA!LWFW!!+>!GJ;!-,3!GJ;!L=GG;?>!IC!EF@?I\! EF@?I!GJ;!=HZ=@;>G!-,?!;]JFDFG!=!?;=@G FK;!EI?LJIMI<:!=G!P!EI>GJA!LWFW!YJ;>!>;=?D:!-,@! >;B?I>A!LIAA;AA!GJ;!BED;?!IC!-,@!L-:>!F>@MBAFI>AW!!+>G;?;AGF>GF<;>! L?;A;>GF>!GJ;!-,@!=MAI!L;=T!=G!P!EI>GJA!LWFW3!=<=F>!@IF>@FHF>BED;?!IC!L-:>!F>G?= >;B?I>=M!F>@MBAFI>A!=>H!H;@?;=A;!IK;?!GFE;!GI!>;=?!>I> 7H;G;@G=DM;!M;K;MA! HB?F>G;?K=M!IC!H;<;>;?=GFI>3!AB<<;AGF>AJFL!D;GY;;>!L=GJIMI!=>H! F>CM=EE=GFI>W! !b0?L6$c!IC!L-:>!F>@MBAFI>A!I@@B?A!D;GY;;>!P!=>H!d!EI>GJA3!YFGJ!F>@MBAFI>A! L?FE=?FM:!MI@=MFX;H!GI!GJ;!AIE=G=!=G!P!EI>GJA3!=>!F>@?;=A;!F>!>;B?FGF@!F>@MBAFI>A!=G!d!EI>GJA3!=>H! =>!IDA;?K=DM;!H;@?;=A;!IC!IK;?=MM!L-:>!L=GJIMI<:!=G!^!EI>GJA3!AB<<;AGF>< !GJ=G!AFEFM=?!GI!GJ;! -,3!>;B?I>A!F>!GJ;!=BM=?!F>ABM=?!@I?G;]!J=?DI?F>@MBAFI>A!;K;>GB=MM:!HF;!ICCW!!%#2 7++!FEEB>I?;=@GFKFG:!CIMMIYA!=!AFEFM=?!L=GG;?>!GI!GJ=G!IDA;?K;H!F>!GJ;!-,3!YFGJ!L;=T!;]L?;AAFI>! IDA;?K;H!=G!P!EI>GJA!LWFW3!=>H!H;@?;=A;H!IK;?!GJ;! @IB?A;!IC!^!EI>GJAW!!! !!!!).+!!!!!!!!!!!!!!!!!!!!!!!!+==-4B&_ !!).,!*?LE:9!KGO< !/"?C7$9:7C!?"$:7@$:?7$7C!?"d9F$?#"!#Q!\ U@I"!=**@R!PE$!"#$!0'+!#:!=,'R!?"DEF9@! P?C7$9:7C!F#:$?F7C!7"D!E"?C7$9:7C!'4F!%9TI UP#DI!C?>9!?"FCE@?#"@!#Q!86#@86#:IC7$9D!\ U@I"! b8'I"c! !b7c L-:>!L=GJIMI<:!FA!IDA;?K;H!DFM=G;?=MM:!F>!@I?GF@=M!=?;=A!=CG;?!B>FM=G;?=M!F>Z;@GFI>!IC![ 7A:>&66A3!>=E;M:!F>!M=:;?A!Pb`3!I?DFG=M!=>H!=BM=?!F>ABM=?!@I?GF@;AW!! bPc !+>Z;@GFI>!IC!&.-!I?! bFc(-)!HFH!>IG!F>HB@;!L-:>!=@@BEBM=GFI>W! bDc !L-:>!=@@BEBM=GFI>!F>!GJ ;!FLAFM=G;?=M!ABDAG=>GF=!>FGJA!LIAG 7F>Z;@GFI>3!YFGJ!>I!;KFH;>@;!IC!L-:>!F>@MBAFI>A!F>!GJ; @I>G?=M=G;?=M!-,@W!-@=M;!D=?A!U) 75V!—!eQ!ƒE )DD?;KF=GFI>A\![ 7A:>!—!=MLJ= 7A:>B@M;F>_!&66A—!L?; 7CI?E;H!=MLJ= 7A:>B@M;F>!CFD?FMA_!&.-!— LJIALJ=G;!DBCC;?;H!A=MF>;_!(-)!—!?=G!A;?BE!=MDBEF>_!L-:>!—![ 7A:>!LJIALJI?:M=G;H!=G!A;?F>; RPr!).-!!!!!!!!!!!!!*?LE:9! KG` 9!?"FCE@?#"@!#Q!86#@86#:IC7$9D!\ U@I"!b8'I "c!(;L?;A;>G=GFK;!FE=<;A!FMMBAG?=GF>!L=GJIMI<:!F>!?;A!F>>;?K=GF>!L=GJIMI<:!F>!GJ;!FLAFM=G;?=M!=BM=?!F>ABM=?!@I?G;]!MI@=MFX;H!GI!DIGJ!GJ;! AIE=!=>H!>;B?FG;A!=G!P!EI>GJA!LWFW!ULIAG 7F>Z;@GFI>V!GJ=G!IK; ?!GFE;!D;@IE;A!L?FE=?FM:!MI@=MFX;H!GI! GJ;!AIE=_!-@=M;!D=?!—!eQƒE3!F>A;G!—!RQƒEW! bDUQc!+LAFM=G;?=M!=@@BEBM=GFI>!IC!L-:>!F>!GJ;! ABDAG=>GF=!>FGJA!=>H!D;@IE;A!M;AA!=DB>H=>G!IK;?!GFE;!=A!>;B?I>A! H;<;>;?=G;_!-@=M;!D=?!—!PQQƒE3!F>A;G!—!PeƒEW!! bLU?c!+>!@I>G?=AG!GI!IGJ;?!=?;=A3!L-:>!F>!GJ;! AG?F=GBE!FA!L?FE=?FM:!MI@=MFX;H!GI!>;B?FG;A!=G!P!EI>GJA!=>H!D;@IE;A!EI?;!=DB>H=>G!=>H! MI@=MFX;H!GI!GJ;!AIE=!IK;?!GFE;3!-@=M;!D=?!—!eQƒE3!F>A;G!—!RQƒEW! !)DD?;KF=GFI>A\![ 7A:>!—!=MLJ= 7A:>B@M;F>_!&66A—!L?; 7CI?E;H!=ML J=7A:>B@M;F>!CFD?FMA_!L-:>—![ 7A:>! LJIALJI?:M=G;H!=G!-;?F>;RPr_!LWFW—!LIAG!F>Z;@GFI>W !!!!!!!!)).!!*?LE:9!KG;a!#Q! ?"$:7"9E:#"7C!?"FCE@?#"@!#Q!8'I"!?"!$69!@$:?7$EN !&?I!IC!L-:>!L=GJIMI<:!=>H!%#2 7++F?!EF@?I!GJ;!AG?F=GBEW! b7c !)G!P!EI>GJA!LWFW3!L-:>! F>@MBAFI>A!=?;!MI@=MFX;H!GI!>;B?FG;A3!L?;ABE=DM:!?;L?;A;>GF>=MA!C?IE!GJ;!-,@W! bPUFc!'K;?! GFE;!L-:>!F>@MBAFI>A!D;@IE;!L?FE=?FM:!MI@=MFX;H!GI!GJ;!AIE=!IC !AG?F=G=M!>;B?I>AW! bDc! )DB>H=>G! %#2 7++F?!EF@?I!GJ;!AG?F=GBE!L?FE=?FM:!MI@=MFX;H!=?IB>H!GJ;! [7A:>!&66! F>Z;@GFI>!AFG;!=G!P! EI>GJAW! b9UQ!c !%#2 7++F?!EF@?I!GJ;!AG?F=GBE!=?;!M=?<;M:!=DA;>G!HB?F>GF>BF>!IC!F>G?=>;B?I>=M!L-:>!F>@MBA FI>A!=G!d!EI>GJA! b9c !=>H!^!EI>GJA! bQc!LWFW! bLc !+>G?=AG?F=G=M!F>Z;@GFI>!IC!&.-!?;ABMGA!=DB>H=>G!%#2 7++F?!EF@?I!GJ;!AG?F=GBE!MI@=MFX;H!>;=?! GJ;!AFG;!IC !F>Z;@GFI>!=G!P!EI>GJA!LWFW3!=MGJIBH=>G!GJ=>!%#2 7++F?!EF@?I!GJ;!AG?F=GB E!IC! [7A:>!&66 !?=GA!=G!GJ;!A=E;!GFE;!LIF>G! bDc W!b6c !%#2 7++F?!EF@?IG!C?IE!GJ;!L=?;>@J:E=!D:!d!EI>GJA! b6c! =>H!^!EI>GJA!LWF! b?cG! -@=M;!D=?A!) 7+feQ!ƒEW !!!)))!*?LE:9 !KG;a!F#"$AD !)DD?;KF=GFI>A\!LWFW!—!LIAG!F>Z;@GFI>_ !&66A—!L?; 7CI?E;H!=MLJ= 7A:>B@M;F>!CFD?FMA_!&.-!—!LJIALJ=G;! DBCC;?;H!A=MF>;_!L-:>—![ 7A:>!LJIALJI?:M=G;H!=G!-;?F>;RPr3!%#2 7++F?—!E=ZI? 7JFAGI@IEL=GFDFMFG:! @IELM;] 7++!FEEB>I?;=@GFK;W! !))"!0-*-0-45-'!!))#!0-*-0-45-'!RW2IMMF;?3!"WfW3!,W%W!8=>==>3!=>H!fW#W!8I?HIY;?3!K2-"2$!"#$G!5FAI?H;?A3!PQRoW!KJUoV\!LW!rS`7rrQWPW2IMMF;?3!"WfW3!fW#W!8=>==>!,E!6=B!7!8I?HIY;?3!=>H!fW#W!8I?HIY;?3!K2&-"2$!.$!6*-5!*7$*-.;$4!1,+*$4+*$F@VVW`W%I$OFEN>$OFEi>$OFEk$!"#$,*!".4+*5-"2$2*+%,94!1,+*E!'69!$'&=&'.$!*&$&'&=!,&#$-"$=&",*-10'!*$1&*&@*+.6-"!'$4'0-#$-"$B0=&"-'&6!*;-".+"-.5$!"#$HNKFAG3!5W3!;G!=MW3!J&*&@*+.6-"!'$4'0-#$-"4'!55!,+*7$5!*;&*.$-"$$4!,-20&>$!"#$1+2"-,-=&$-56!-*5&",(!.?=F>3.;J=KFI?3!=>H!+EEB>FG:3!PQR`W!KK\!LW!RS`7RSrWeW4;?J=?H3!)W3!;G!=MW3!O"$=-=+$-5!2-"2$+4$5-1*+2'-!'$!1,-=!,-+"$%-,9$eSSJf^LaECM=EE=GFI>3!PQQeW!J\!LW!RdWrW5FZTAG?=3!)W)W3!;G!=MW3!8=-#&"1&$4+*$O550"&$L&.6+".&>$KC+"!'$G7.40"1,-+"$!"#L&#$8"#+17,+.-.$-"$,9&$:0@.,!",-!$/-2*!$-"$8!*'7$:,!2&$<3!PQQ`W!JMUPV\!LW!Rro7PRRWRRW8=>>=?T=G3!4W"W3!;G!=MW3!J+55+"$I&"&,-1$c!*-!",$K..+1-!,-+"$%-,9$K',&*&#$RFK 8C6*&..-+">$:7"&*27$%-,9$<7*&,9*+-#$8C6+.0*&>$!"#$L-.;$4+*$AI>A!5FA3!PQReW;WRPW-LFMM;?3!8W*W3!;G!=MW3!Q9&$*+'&$+4$5!1*+69!2&$69&"+,76&$-"$=!.10'!*-b!,-+"$+4$,-..0&&"2-"&&*-"2$.1!44+'#.(!URSoS7erQe!U$M;@G?I>F@VVW!))$!R`W!#=?EA3!)W-W3!;G!=MW3! DRJOO$-.$*&Y0-*&#$4+*$!'69! E.7"01'&-" E-"#01&#$!1,-=!,-+"$+4$ 5-1*+2'-!>$JGi$Q$1&''$6*+'-4&*!,-+">$!"#$#+6!5-"&*2- 1$"&0*+#&2&"&*!,-+"( !f!,;B?IA@F3!PQR`W! KKUP`V\!LW!rerP 7^QQW!RdW!*FB3!vW3!;G!=MW3! O",*!1&''0'!*$DRJ$1'!..$OO$5+'&10'&.$6*+5+,&$QFL E,*-22&*&#$-""!,&$ -550"&$*&.6+".&.$@7$5!-",!-"-"2$!1,-=!,-+"$+4$,9&$;-"!.&$H,;( !,=GB?;! +EEB>IMI<:3!PQRRW! ;J\!LW!dR^W!ReW!2F@@J; GGF3!6W3!;G!=MW3!/&0*+-"4'!55!,-+"$+4$,9&$"-2*+.,*-!,!'$6!,9%!7$#0*-"2$ 6*+2*&..-=&$k EXRGK$#+6!5-"&$#&2&"&*!,-+"$-"$*!,.$5+"-,+*&#$@7$ -550"+9-.,+19&5-.,*7$!"#$<8Q$-5!2-"2( !$B?!f!,;B?IA@F3!PQQPW! ;ZU^V\!LW!rrR 7SW!R^W!8IL?F@J3!fW.W3!;G!=MW3! /&0*+-"4'!55!,-+"$5 &#-!,&#$@7$OF ES@&,!$-"1*&!.&.$ .0.1&6,-@-'-,7$+4$#+6!5-"&$"&0*+".$,+$#&2&"&*!,-+"$-"$!"$!"-5!'$5+#&'$+4$ CM=EE=GFI>3!PQQSW! Z\!LW!SW!RoW!6I?>I3!*W-W3!;G!=MW3! :-5-'!*-,-&.$!"#$#-44&*&"1&.$@&,%&&"$DN>\>$kE,&,*!97#*+67*-#-"&$-",+C-1!,-+"$-"$5+0.&( !$]L!,;B?IM3!RrrrW! ;Z[URV\!LW!eQ 7^RW!RrW!4=I3!#W%W3!;G!=MW3! /&0*+-"4'!55!,-+"$!"#$!'69! E.7"01'&-"$#7.40"1,-+"$6+,&",-!,&$ &!19$+,9&*>$#*-=-"2$19*+"-1$6*+2*&..-+"$+4$"&0*+#&2&"&*!,-+"$-"$!$5+0.&$5+#&'$ +4$KF?I>!#;=MGJ!&;?AL;@G3!PQRRW! ;;`U^V\!LW!SQo 7RdW!PQW!4IE;X 7+AM=3!"W3!;G!=MW3! D+,+*$#7.40"1,-+"$!"#$2'-+.-.$%-,9$6*&.&*=&#$#+6!5-"&*2-1$ 5!*;&*.$-"$905!"$!'69! E.7"01'&-"$K\W<$,*!".2&"-1$5-1&( !,;B?IDFIM!)<3!PQQ`W! JMUPV\!LW!Pde 7eSW!PRW!8IL?F@J3!fW.W3!;G!=MW3! 8C6*&..-+"$+4$905!"$K_\Q$!'69! E.7"01'&-"$-"$,9&$*!, $.0@.,!",-!$"-2*!$0.-"2$!$"+=&'$KKcShN$=&1,+*$6*+#01&.$!$*!6-#'7$&=+'=-"2$ 6!,9+'+27$%-,9$6*+,&-"$!22*&2!,-+">$#7.,*+69-1$"&0*-,&$!*19-,&1,0*&$!"#$ "-2*+.,*-!,!'$#&2&"&*!,-+"$%-,9$6+,&",-!'$,+$5+#&'$,9&$6!,9+'+27$+4$;?3!PQR QW!Z\!LW!d`W!PPW!0=E=H=3!%W3!;G!=MW3! X=&*&C6*&..-+"$+4$!'69! E.7"01'&-"$-"$*!,$.0@.,!",-!$"-2*!$ *&.0',.$-"$'+..$+4$#+6!5-"&*2-1$"&0*+".>$69+.69+*7'!,-+"$+4$!'69! E.7"01'&-"$!"#$ !1,-=!,-+"$+4$1!.6!.& E`A$*&.&5@'!"1&$,+$6!,9+2&"&,-1$19!"2&.$-"$GVVW !P`W!1MBAI:3!)W3!;G!=MW3! c-*!'$=&1,+* E5&#-!,&#$+=&*&C6*&..-+"$+4$!'69! E.7"01'&-"$!.$!$ 6*+2*&..-=&$5+#&'$+4$F@VVW !!))%!PdW"J;IHI?;3!-W3!;G!=MW3!Q!*2&,&#$+=&*&C6*&..-+"$+4$905!"$!'69!E.7"01'&-"$,*-22&*.5-1*+2'-!'$!1,-=!,-+"$!"#$!"$!#!6,-=&$-550"&$*&.6+".&$-"$!$5+0.&$5+#&'$+4GVVWPeW'MFK;?=A7-=MK‹3!%W3!;G!=MW3!*KKcNhP$=&1,+*E5&#-!,&#$+=&*&C6*&..-+"$+4$!'69!E.7"01'&-"$-"$5+0.&$.0@.,!",-!$"-2*!$-"#01&.$6*+,&-"$!22*&2!,-+"$!"#$6*+2*&..-=&#+.&E#&6&"#&",$"&0*+#&2&"&*!,-+"(!%IM;@BM=?!,;B?IH;<;>;?=GFI>3!PQR`W!O\!LWdd7ddWP^W4IED=AJ3!-W$W3!;G!=MW3!D+*69+'+2-1!'$!"#$@&9!=-+*!'$-56!1,$+4$KKcNh_E5&#-!,&#+=&*&C6*&..-+"$+4$905!"$%-'#,76&$!'69!E.7"01'&-"$-"$,9&$*!,$"-2*+.,*-!,!'$.7.,&5(&*I-!'>;3!PQR`W!OURRV\!LW!;SRdP^WPoW6FA@J;?3!5W*W3!;G!=MW3!c-*!'$c&1,+*EH!.&#$D+#&'-"2$+4$/&0*+#&2&"&*!,-=&G-.+*#&*.A$F@VVWPSW-FEIM=3!,W3!)W(W!%I?;MMF!%!6=B!7!2=?G=3!=>H!)W(W!2=?G=3!Q9&$kE97#*+C7#+6!5-"&5+#&'$+4$GVVWPrW%=GABIT=3!0W3!;G!=MW3!F!1;$+4$"-2*!'$6!,9+'+27$-"$,*!".2&"-1$5-1&$&C6*&..-"2 905!"$!'69!E.7"01'&-"$#*-=&"$@7$,9&$,7*+.-"&$97#*+C7'!.&$6*+5+,&*(!,;B?IDFIM5FA3!PQQRW!OU`V\!LW!e`e7rW`QW+L3!2W/W3!;G!=MW3!KKcShNE-"#01&#$+=&*&C6*&..-+"$+4$K_\QEoE.7"01'&-"$-"$,9&.0@.,!",-!$"-2*!$*&.0',.$-"$#&2&"&*!,-+"$+4$,9&$"-2*+.,*-!,!'$.7.,&5$%-,9$F&%7E'-;&6!,9+'+27$!"#$5+,+*$-56!-*5&",A$!$"&%$5+0.&$5+#&'$4+*$F@=GFI>A3!PQRoW!Z\!LW!RRW`RW-=>@J;X74B=Z=?HI3!pW3!;G!=MW3!D-1*+2'-!$!1Y0-*&$#-.,-"1,$!1,-=!,-+"$6*+4-'&. #&6&"#-"2$+"$,9&$#&2*&&$+4$!'69!E.7"01'&-"$"&0*+6!,9+'+27$-"$!$*KKc$@!.+#&'$+4$;3!PQRQW!ZURV\!LW!;SoSdW`PW"J=TB?3!&W3!;G!=MW3!D+#&'-"2$=M!)@=H;E:!IC!-@F;>@;A3!PQRoW``W6=??;?3!%W3!;G!=MW3!J+56!*-.+"$+4$;-"#*&#.$%-,9$6!*;-".+"-.5$!"#$!'69!E.7"01'&-"2&"+5-1$50',-6'-1!,-+".(!)>>!,;B?IM3!PQQdW!ZZUPV\!LW!Rod7rW`dW-B3!vW3!;G!=MW3!K'69!E:7"01'&-"$5L/K$O.$/+,$O"1*&!.&#($FOG$E$:S_N_EWWSk^SPa\WSP`Eq$e6--f$FOG$E$SW(SWSkhB(75,9&(NWSP(Wi(WST$e#+-f$)Kg$E$:0>q-!+5-"(!URePe7QQPd!U$M;@G?I>F@VVW`eW†JIB3!fW3!;G!=MW3!J9!"2&.$-"$,9&$.+'0@-'-,7$!"#$69+.69+*7'!,-+"$+4$!'69!E.7"01'&-"+=&*$,9&$1+0*.&$+4$F@VVW!))*!`^W!&=BEF;?3!8W*W3!;G!=MW3! O",*!.,*-!,!'$-"B&1,-+"$+4$6*& E4+*5&#$5+0.&$!'69! E.7"01'&-"$ 4-@*-'.$-",+$ *!,.$,*-22&*.$!'69! E.7"01'&-"$6!,9+'+27$!"#$@-'!,&*!'$"-2*+.,*-!,!'$ #&2&"&*!,-+"( !,;B?IDFIM!5FA3!PQReW! OJ\!LW!RSe7rrW!`oW!*BT3!8W2W3!;G!=MW3! O",*!1&*&@*!'$-"+10'!,-+"$+4$6!,9+'+2-1!'$o E.7"01'&-"$-"-,-!,&.$!$ *!6-#'7$6*+2*&..-=&$"&0*+#&2&"&*!,-=&$o E.7"01'&-" +6!,97$-"$5-1&( !"J;!fIB?>=M!IC! $]L;?FE;>G=M!%;HF@F>;3!PQRPW! Ja`UeV\!LW!roe 7rS^W!`SW!&IMF>ATF3!,W8W3!;G!=MW3! H&.,$<*!1,-1&.$4+*$I&"&*!,-"2$!"#$g.-"2$K'69! E:7"01'&-"$ <*&E)+*5&#$)-@*-'.$,+$D+#&'$F@VVW !`rW!pIMLF@;MMF 75=M;:3!*W)W3!8W2W!*BT3!=>H!pW%W!*;;3! K##-,-+"$+4$&C+2&"+0.$!'69! E.7"01'&-"$6*&4+*5&#$4-@*-'.$,+$6*-5!*7$"&0*+"!'$10',0*&.$,+$.&&#$*&1*0-,5&",$+4$ &"#+2&"+0.$!'69! E.7"01'&-"$,+$F&%7$@+#7$!"#$F&%7$"&0*-,& E'-;&$!22*&2!, &.( !,=G!&?IGI@3!PQRdW! `UrV\!LW!PR`e 7d^W!dQW!pIMLF@;MMF 75=M;:3!*W)W3!;G!=MW3! 8C+2&"+0.$!'69! E.7"01'&-"$4-@*-'.$-"#01&$F&%7$@+#7$ 6!,9+'+27$'&!#-"2$,+$.7"!6,-1$#7.40"1,-+"$!"#$"&0*+"$#&!,9( !,;B?I>3!PQRRW! ^JURV\!LW!eo 7oRW!dRW!"=?BG=>F3!)W3!;G!=MW3! 844&1,$+4$)* !25&",&#$=M!IC!.FIMIF@VVW !d`W!*;:A3!2W3!;G!=MW3! G&,&1,-"2$+0,'-&*.A$G+$"+,$0.&$.,!"#!*#$#&=-!,-+"$!*+0"#$,9&$ 5&!">$0.&$!@.+'0,&$#&=-!,-+"$!*+0"#$,9&$5&#-!"( !fIB?>=M!IC!$]L;?FE;>G=M!-I@F=M! &A:@JIMI<:3!PQR`W! M`UdV\!LW!o^d 7o^^W!ddW!/=MM3!,W(W3!;G!=MW3!G-44&*&",-!'$-"" &*=!,-+"$+4$#-*&1, E$!"#$-"#-*&1, E6!,9%!7$.,*-!,!'$ 6*+B&1,-+"$"&0*+".( !URQro 7dRrr!U$M;@G?I>F@VVW !deW!8FE3!2W3!;G!=MW3! /&0*+" E*&'&!.&#$+'-2+5&*-1$!'69! E.7"01'&-"$-.$!"$&"#+2&"+0.$ !2+"-.,$+4$QFLN$4+*$6!*!1*-"&$!1,-=!,-+"$+4$5-1*+2'-!( !,=G!2IEEB>3!PQR`W! M\!LW!Re^PW!d^W!/=>3!'W/W!=>H!8W8W!2JB><3! Q9&$*+'&$+4$!'69! E.7"01'&-"$+'-2+5&*-b!,-+"$!"#$ !22*&2!,-+"$-"$1&''0'!*$!"#$!"-5!'$5+#&'.$+4$F@VVW !doW!/F>>;?3!.W3!;G!=MW3! O"$=-=+$#&5+".,*!,-+"$,9!,$!'69! E.7"01'&-"$+'-2+5&*.$!*& $,+C-1( !URQrR 7^drQ!U$M;@G?I>F@VVW !!))+!dSW*F3!fW0W3!;G!=MW3!J9!*!1,&*-b!,-+"$+4$F&%7$@+#7$6!,9+'+27$-"$SNE$!"#$SkE7&!*E+'#-",*!.,*-!,!'$5&.&"1&69!'-1$2*!4,.$.0*=-=-"2$-"$!$6!,-&",$%-,9$F@VVWdrW"=>ZF3!8W3!;G!=MW3!<*+,&-"!.&$ME*&.-.,!",$!'69!E.7"01'&-"$-.$#&6+.-,&#$-" 6*&.7"!6.&.$-"$905!"$F&%7$@+#7$#-.&!.&$!"#$K_\Q$!'69!E.7"01'&-"$,*!".2&"-15-1&(!URd`P7Qe``!U$M;@G?I>F@VVWeQW*FB3!†W3!;G!=MW3!/&0*+"!'$06,!;&$+4$.&*05$!'@05-"$-.$!..+1-!,&#$%-,9$"&0*+"#!5!2&$#0*-"2$,9&$#&=&'+65&",$+4$&6-'&6.7(!URorP7QrSR!U&?F>GVVWeRW(;:3!,W*W3!;G!=MW3!d-#&.6*&!#$,*!"."&0*+"!'$6*+6!2!,-+"$+4$!'69!E.7"01'&-"+6!,97$,*-22&*&#$-"$+'4!1,+*7$@0'@$5-5-1.$6*+#*+5!'$F@VVWePW2I>H;3!fW(W!=>H!/WfW!-G?;FG3!844&1,$+4$!2-"2$+"$,9&$5-1*+2'-!'$*&.6+".&$,+ 6&*-69&*!'$"&*=&$-"B0*7(!UReeS7Rdro!U$M;@G?I>F@VVWe`W-G?;FG3!/WfW3!D-1*+2'-!$!"#$"&0*+6*+,&1,-+"A$-56'-1!,-+".$4+*$K'b9&-5&*U.$#-.&!.&(edW-G?;FG3!/WfW3!;G!=MW3!G7.,*+69-1$5-1*+2'-!$-"$,9&$!2-"2$905!"$@*!-"(!UQSrd7RdrRU&?F>GVVWeeW2J?FAGILJ;?3!*W3!;G!=MW3!g"1+=&*-"2$,9&$*+'&$+4$,9&$-".0'!$-"$"+"E5+,+*$.756,+5.+4$F@VVWe^W*BT3!8W2W3!;G!=MW3!@;3!PQRPW!KKOU^RQrV\!LW!rdr7e`WeoW8I?HIY;?3!fW#W3!;G!=MW3!G-.&!.&$#0*!,-+"$!"#$,9&$-",&2*-,7$+4$,9&$"-2*+.,*-!,!' .7.,&5$-"$F@VVWeSWpF@;@I>G;3!,W3!;G!=MW3!/&0*+5&'!"-"$!1,-=!,&.$6*+-"4'!55!,+*7$5-1*+2'-!$,9*+029$! 1!.6!.&ETE#&6&"#&",$5&19!"-.5(!URodP7PQrd!U$M;@G?I>F@VVWerW†J=><3!/W3!;G!=MW3!/&0*+5&'!"-"$!1,-=!,&.$5-1*+2'-!$!"#$-"#01&.$#&2&"&*!,-+"$+4#+6!5-"&*2-1$"&0*+".A$-56'-1!,-+".$4+*$6*+2*&..-+"$+4$F@VVW^QW†J=><3!/W3!;G!=MW3!R05!"$"&0*+5&'!"-"A$!"$&"#+2&"+0.$5-1*+2'-!'$!1,-=!,+*$4+*#+6!5-"&*2-1$"&0*+"$#&!,9(!URrde7QeQS!U$M;@G?I>F@VVW^RW%=FMM;G3!)W3!;G!=MW3!Q9&$6*+5-"&",$*+'&$+4$.&*+,+"&*2-1$#&2&"&*!,-+"$-"$!6!,97> !"C-&,7$!"#$#&6*&..-+"$-"$#&$"+=+$F@VVW^PW2;?=A=3!)W3!;G!=MW3!J+*,-1!'$=+'05&$!"#$4+'#-"2$!@"+*5!'-,-&.$-"$F@VVW!)),!^`W!.MI@T3!%W*W!=>H!fW-W!#I><3! D-1 *+2'-!$!"#$-"4'!55!,-+" E5&#-!,&#$ "&0*+#&2&"&*!,-+"A$50',-6'&$,*-22&*.$%-,9$!$1+55+"$5&19!"-.5( !&?I<3!'W3!L+'&$+4$+C-#!,-=&$.,*&..$-"$3!(W)W!=>H!(W*W!%IAM;:3! O""!,&$!"#$K#!6,-=&$O550"& ED&#-!,&#$ /&0*+-"4'!55!,-+"$!"#$/&0*+#&2&"&*!,-+"$ -"$!/&0*+-"4'!55!,-+"$!"#$/&0*+#&2&"&*!,-+" 3!&W8W!&;G;?AI>!=>H!%W!"IDI?;T3! $HFGI?AW!PQRd3!-L?F><;?!,;Y!0I?T\!,;Y!0I?T3!,0W!LW!RRr 7RdPW!^oW!#I><3!-W3!;G!=MW3! J+56'&5&",$!"#$5-1*+2'-!$5&#-!,&$&!*'7$.7"!6.&$'+..$-"$ K'b9&-5&*$5+0.&$5+#&' .(!-@F;>@;3!PQR^W !^SW!-IM<=3!)W2W3!;G!=MW3! L/KE.&Y0&"1-"2$*&=&!'.$+'-2+#&"#*+17,&$!"#$"&0*+"!'$ ,*!".1*-6,.$-"$5-1*+2'-!$*&'&=!",$,+$1&",*!'$"&*=+0.$.7.,&5$#-.&!.&( !URQrS 7RR`^!U$M;@G?I>F@VVW !^rW!&=?T3!fW0W3!;G!=MW3! D-1*+2'-!'$69!2+17,+.-.$-.$&"9!"1&#$@7$5+" +5&*-1$!'69! E.7"01'&-">$"+,$!22*&2!,&#$!'69! E.7"01'&-"A$-56'-1!,-+".$4+*$F@VVW !oQW!6=?IINBF3!"W!=>H!)W)W!6=?IINBF3! F-6-#E5&#-!,&#$+C-#!,-=&$.,*&..$!"#$-"4'!55!,-+"$ -"$,9&$6!,9+2&"&.-.$+4$A I>A!5FA3!PQRRW! Ja;;\!LW!Pdod^oW!oRW!8FE3!/W4W3!;G!=MW3! L&2-+"!'$#-44&*&"1&$-"$.0.1&6,-@-'-,7$,+$'-6+6+'7.!119!*-#& E-"#01&#$"&0*+,+C-1-,7$-"$,9&$*!,$@*!-"A$*+'&$+4$5-1*+2'-!( !f!,;B?IA@F3!PQQQW! JaUR^V\! LW!^`Qr7R^W!oPW!†J=><3!8W!=>H!(WfW!8=BCE=>3! )*+5$ &"#+6'!.5-1 E*&,-10'05$.,*&..$,+$,9&$ -"4'!55!,+*7$*&.6+".&( !,=GB?;3!PQQSW! MZMUoPQ`V\!LW!dee 7d^PW!o`W!†J=><3!/W3!;G!=MW3!R05!"$"&0*+5&'!"-"A$!"$&"#+2&"+0.$5-1*+2'-!'$!1,-=!,+*$4+*$ #+6!5-"&*2-1$"&0*+"$#&!,9( !6?I>GF;?A!F>!DFIA@F;>@;!U$MFG;!;HFGFI>V3!PQR`W! Z\!LW!R7RRW!odW!)>H?F><=3!4W3!;G!=MW3! D!66-"2$+4$*!,$@*!-"$0.-"2$,9&$:7"01'&-" ES$5+"+1'+"!'$ !",-@+#7$*&=&!'.$.+5!,+#&"#*-,-1$&C6*&..-+"$+4$!'69! E.7"01'&-"$-"$6+60'!,-+".$+4$ "&0*+".$9+5+'+2+0.$,+$,9+.&$=0'"&*!@'&$,+$F&%7$@+#7$4+*5!,-+"$-"$905!"$ .7"01'&+6!,9-&.( !f!,;B?IL=GJIM!$]L!,;B?IM3!PQQ`W! [JURQV\!LW!RQ^Q 7oeW!!))-!oeW!1??BGF=3!&WfW3!,W&W!%;>=3!=>H!%W"W!,™…;X3! Q9&$-",&*6'!7$@&,%&&"$-*+"$ !11050'!,-+">$5-,+19+"#*-!'$#7.40"1,-+">$!"#$-"4'!55!,-+"$#0*-"2$,9&$&C&10,-+"$ .,&6$+4$"&0*+#&2&"&*!,-=&$#-.+*#&*.( !6?I>GF;?A!F>!& J=?E=@IMI<:3!PQRdW! Z\!LW!`SW!o^W!.?I@J=?H3!pW3!;G!=MW3! O"4-',*!,-+"$+4$JGij$'7569+17,&.$-",+$,9&$@*!-"$1+",*-@0,&.$,+$ "&0*+#&2&"&*!,-+"$-"$!$5+0.&$5+#&'$+4$GVVW !ooW!fF=><3!-W3!;G!=MW3! Q9&$1+**&'!,-+"$+4$'7569+17,&$.0@.&,. >$"!,0*!'$;-''&*$1&''>$!"#$ F@VVW !oSW!8BAG?FEIKF@3!,W3!;G!=MW3! G+6!5-"&*2-1$L&1&6,+*.$+"$JGij$Q$/!-=&$!"#$D&5+*7$ F7569+17,&.$J+**&'!,&$%-,9$D+,+*$O56!-*5&",$-"$F@VVW !orW!2=?AI>3!%WfW3!.W!"J?=AJ!f@!6=B! 7!/=MG;?3!=>H!.W!/=MG;?3! Q9&$1&''0'!*$*&.6+".&$-"$ "&0*+-"4'!55!,-+"A$Q9&$*+'&$+4$'&0;+17,&.>$5-1*+2'-!$!"#$!.,*+17,&.$-"$"&0*+"!'$ #&!,9$!"#$.0*=-=!'( !URe^^ 7PooP!U&?F>GVVW !SQW!2;D?F=>3!2W3!;G!=MW3! DRJ EO$&C6*&..-+"$*&"#&*.$1!,&19+'!5-"&*2-1$"&0*+".$ .0.1&6,-@'&$,+$Q E1&'' E5&#-!,&#$#&2&"&*!,-+"( !,=G!2IEEB>3!PQRdW! Z\!LW!`^``W!SRW!-BMX;?3!5W3!;G!=MW3! Q$1&''.$4*+5$6!,-&",.$%-,9$F@VVW !!!)".!5678$9:!M?"9!%9S9C@!?"!5'*!7"D!=C7@N7!!)")!&"$:#DEF$?#" !!"J;!E=ZI?FG:!IC!&=?TF>AI>9A!HFA;=A;! U&5V! L=GF;>GA!=?;!HF=<>IA;H!CIMMIYF>@;!IC!EIGI? !A:ELGIEA3! =CG;?!=LL?I]FE=G;M:!eQz!IC!>F;! >;B?I>A!J=K;!D;;>!MIAG3 !HFEF>FAJF>< !GJ;!LIG;>GF=M!CI?!HFA;=A; 7EIHFCF@=GFI>W!"JBA3!GJ;! FELI?G=>@;!IC!FH;>GFC:F>!;=AFM:!=@@;AAFDM;!DFICMBFHA!F>!GJ;!;=?M:!AG=<;A!IC! HFA;=A;!J=A!D;@IE;!F>@?;=AF>< M:!?;@I<>FX;H !iRjW!)MG;?=GFI>A! F>!L?I 7!=>H!=>GF7F>CM=EE=GI?:!@:GITF>;A!F>! LIAG!EI?G;E!GFAAB;!=>H! 2-6!=>H!LM=AE=!C?IE!&5!L=GF;>GA! J=K;!D;;>!Y;MM 7HI@BE;>G;H3!=MD;FG!YFGJ! AIE;! @I>CMF@GF>!DFICMBFHA! U'ENN7:?g9D!?" !(7PC9!MG;!iP7SjVW!"J;A;!HFA@I?H=>G!?;ABMGA!MFT;M:!AG;E!C?IE! A;K;?=M! AIB?@;A!IC!K=?F=DFMFG:!F>@MBHF>@;A!F>!HFA;=A;!HB?=GFI>!=>H!GFE;!IC!A=ELM;! @IMM;@GFI> !iojW!,I>;GJ;M;AA3!;KFH;>@;!C?IE!JBE=>!DFICMBFHA!AB<<;AGA!GJ=G!=MG;?=GFI>A!F>! F>CM=EE=GI?:!@:GITF>;A !F>!DIGJ!GJ;!2,-!=>H!LM=AE=!=?;!=AAI@F=G;H!YFGJ!&5 W!!!+>@?;=A;H!L?IHB@GFI>!IC!L?IF>CM=EE=GI?:!@:GITF>;A!=>H!@J;EITF>;A!EF@?I!GJ;! =<;H!D?=F>!U?;KF;Y;H!F>! ir7RRjV!=>H!=AG?I@:G;A! iRP3!R`j!@=>!?;ABMG!F>!F>@?;=A;H!DMIIH 7D?=F>!D=??F;?!U...V!L;?E;=DFMFG:!D:!F>HB@F>!IC!=HJ;AFI>!EIM;@BM;A!I>! ;>HIGJ;MF=M!@;MMA!=>H!HFA?BLGF>@GFI>A3!GJ;?;D:! F>HB@F>!IC! M:ELJI@:G;A! iRd3!RejW!!*;=TF>;AA!IC!GJ;!...!LM=@;A!GJ;!D?=F>!F>!Z;IL=?H:!IC!;]LIAB?;!GI! >;B?IGI]F@!C=@GI?A!=>H!GJBA!?;L?;A;>GA!=!?FAT!I?!@I> G?FDBGI?!GI!=<; 7?;M=G;H! >;B?IH;<;>;?=GFK;!HFA;=A;A! iR^7PQjW!"I!H=G;3!>I!AGBHF;A!;]=EF>F>CM=EE=GI?:! @:GITF>;A!F>!2-6!F>!>I?E=M3!J;=MGJ:!=!@I>HB@G;H3!GJIBG! IC!F>CM=EE=GI?:!@:GITF>;A!F>!A;?BE!J=A!AB<<;AG;H!=>!F>@?;=A;!F>!L?IF>CM =EE=GI?:! E;HF=GI?A!AB@J!=A!F>G;?M;BTF> 7^!U+* 7^V!=>H!25dQ*!YFGJ!=<;! iPR3!PPjW!"J;?;CI?;3!GJ;!CF?AG! !)""!A;G!IC!;]L;?FE;>GA!;]=EF>;H!GJ;!@:GITF>;!L?ICFM;!F>!2-6!=>H!LM=AE=!F>!GJ;!@I>G;]G!IC! >I?E=M!=!GJ;!?=GW!+ELI?G=>GM:3!Y;!IDA;?K;!AF<>FCF@=>G!F>@?;=A;A!F> !GBEI?!>;@?IAFA! C=@GI?!U",6V!=>H!T;?=GF>I@:G;!@J;EI=GG?=@G=>G!U82b4('_!2v2*RV!F>!2-6!=>H!LM=AE=!F>! GJ;!@I>G;]G!IC!>I?E=M!=G;!;AG=DMFAJ;H!F>!L=GF;>GA!YFGJ!&=?TF>AI>9A! HFA;=A;!=>H!GJBA!E=:!D;!=!@I>G?FDBGI?!GI!I>< IF>;?=GFI>!KF=!=D;??=>G!HFCCBAFI>!IC! GI]F>A3!@:GITF>;Ab@J;EITF>;A!=>H!EF!IC!L;?FLJ;?=M!M;BTI@:G;A! iRd3!Rr3!P`3!PdjW!!/JFM;!L?;KFIBA!AGBHF;A!J=K;!FH;>GFCF;H!=D>I?E=M!M;K;MA!IC!@:GITF>;A!F>!DFICMBFHA!IC! ABDZ;@GA!YFGJ!;AG=DMFAJ;H!&53!A=ELM;A!C?I E!#&$"+=+ !&5!L=GF;>GA!=MAI!?;L?;A;>G!=!GFE;! LIF>G!F>!YJF@J!=!AF<>FCF@=>G!>BED;?!IC!>F;B?I>A!J=K;!=M?;=H:!H;<;>;?=G;H! iPej3!L?;@MBHF>K;AGF<=G;!HFAGB?D=>@;A!F>!FEEB>;!?;ALI>A;!GJ=G!E=:!I@@B?! ;=?M:!F>!GJ;!HFA;=A;!L?FI?!GI!H;<;>;?=G FI>W!"J;!L?;KFIBA!G;ELI?=M!@J=?=@G;?FX=GFI>!IC! L-:>!=@@BEBM=GFI>3!%#2 7++!;]L?;AAFI>!=>H!EF@?I<;A3!=>H! >F;?=GFI>!F>!GJ;!?=G!&66!EIH;M!=A!H;A@?FD;H!F>!2J=LG;?!`! iP^3!Poj!=MMIY!BA!GI!F>K;AGF<=G;!@J=><;A!F>!2-6!=>H!LM=A E=!@:GITF>;!M;K;MA!DIGJ!F>!;=?M:!AG=<;A!IC! A:>B@M;F>IL=GJ:3!=>H!=CG;?!GJ;!I>A;G!IC!>F;?=GFI>W!+>!GJ;!2-6!Y;!IDA;?K;! F>@?;=A;H!+* 7^!F>!?=GA!YFGJ!>F!F>@MBAFI>A!=A!Y;MM!=A!AF<>FCF@=>G!@I??;M=GFI>A! D;GY;;>!>F!F>@MBAFI>!DB?H;>!=>H!GB EI?!>;@?IAFA!C=@GI?!U",6V!=>H!F>G;?C;?I>! <=EE=!U+6, 7!"W!!*=AGM:3!Y;!IDA;?K;!F>@?;=A;A!F>!",63!T;?=GF>I@:G;!@J;EI=GG?=@G=>G! U82b4('V3!=>H!F>G;?M;BTF> 7e!U+* 7eV!F>!2-6!=>H!F>!+* 7^!F>!LM=AE=3!CIMMIYF>;?=GFI>3! =>=MIHF>!JBE=>!&5W!'B?!?;AB MGA!AB<<;AG!GJ=G!HFAGB?D=>@;A!F>!AL;@FCF@ !!!!)"#!!(7PC9!MG;?"9!9]8:9@@ ?#"!?"!P?#QCE?D@!#Q!=B!87$?9"$@ !!-;K;?=M!AGBHF;A!J=K;!F>K;AGF<=G;H!GJ;!;]L?;AAFI>!IC!F>CM=EE=GI?:!@:GITF>;A!F>!2-63!LM=AE=3! =>H!YJIM;!DMIIH!IC!&5!L=GF;>GAW!!5FCC;?;>GF=M!;]L?;AAFI>!FA!IDA;?K;H!CI?!AIE;!@:GITF>;A! H;L;>HF>!YJF@J!DFICMBFH!FA!=AA=:;H3!=>H!AIE;!AGBHF;A!?;LI?G!ILLIAFG;!?;AB MGA!C?IE! =AA=:F>;!CB>@GFI>A!=H=LG;H!C?IE! eNTf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`dd! Y;?;!BA;H!F>!GJFA!AGBH:W!!)MM!=>FE=MA!Y;?;!L?IKFH;H!CIIH!=>H!Y=G;?!=H 7MFDFGBE!=>H!JIBA;H!=G!GJ;!)))*)2!=LL?IK;H!p=>!)>H;M!(;A;=?@J!+>AGFGBG;!KFK=?FBE !I?! 4?=>H!(=LFHA!(;A;=?@J!2;>G;?!KFK=?FBE W!!)MM!L?I@;HB?;A!Y;?;!=LL?IK;H!=>H!@I>HB@G;H! F>!=@@I?H=>@;!YFGJ!+ >AGFGBG;!CI?!)>FE=M!1A;!=>H!2=?;!2IEEFGG;;!U+)212V!=G!%F@JF<=>! -G=G;!1>FK;?AFG:W !!I*+06.A$ $!2IJI?G!R!U)GJA!U>—eV3!S!EI>GJA!U>—eV!=>H!PQ!EI>GJA!U>—^V! iPr7`RjW!,=aK;!?=GA!=G!d! EI>GJA!=>H!S!EI>GJA!IC!=<;!@I??;ALI>H!GI!=<;A!IC!2IJI?G!P!=>FE=MA!A=@?FCF@;H!=G!P!=>H! d!EI>GJA!LIAG 7F>Z;@GFI>3!?;AL;@GFK;M:W!2-6!=>H!LM=AE=!Y;?;!@IMM;@G;H!C?IE!=MM!=>FE=MAW! !2IJI?G!P!U-:>B@M;F>IL=GJ:!@IJI?GV\ !)!GIG=M!IC! eP!E=M;!6FA@J;?!6`dd!?=GA!?;@;FK;H!GYI 7AFG;!B>FM=G;?=M!F>Z;@GFI>A!IC! ;FGJ;?!&.-!I?!S!I?!R^!GIG=M! y!&66A!=>H! ;BGJ=>FX;H !=G!P3!d!=>H!^!EI>GJA!LIAG 7F>Z;@GFI>!D=A;H!I>!IB?!L?;KFIBA !G;ELI?=M! @J=?=@G;?FX=GFI>!IC![ 7A:>!=@@BEBM=GFI>!=>H!>F;?=G FI>W!2-6!Y=A!G=T;>!C?IE!=MM! =>FE=MA!=G!=MM !GFE;!LIF>GAW!&M=AE=!Y=A!G=T;>!C?IE!GJ;!^ 7EI>GJ!GFE;!LIF>G!I>M:W !!<*&6!*!,-+"$+4$ !E.7"$<)).$!"#$c&*-4-1!,-+"$+4$)-@*-'$:-b& $$!)"%!&66!L?;L=?=GFI>!Y=A!@I>HB@G;H!=A!H;A@?FD;H!F>!2J=LG;?!`!iP^3!Po3!`P7`djW!&B?FCF@=GFI>!IC!?;@IEDF>=>G3!CBMM7M;>!=>H!F>!=-,*+!CFD?FM!=AA;EDM:!Y=A!L;?CI?E;H!=A!L?;KFIBAM:!H;A@?FD;HW!&?FI?!GI!AI>F@=GFI>3![7A:>!CFD?FMA!Y;?;!=AA;AA;H!GI!K;?FC:!M=@T!IC! @I>G=EF>=GFI>!U*)*!)AA=:3!U|R!$>HIGI]F>!1>FGA!bEG=GFI>!=AA=:V3!D;G=!AJ;;G!@I>CI?E=GFI>!U"JFICM=KF>!"V!=>H!AG?B@GB?;!U;M;@G?I>! EF@?IA@IL:VW!&?FI?!GI!F>Z;@GFI>3!&66A!Y;?;!GJ=Y;H3!HFMBG;H!F>!AG;?FM;!5BMD;@@I9A!&.-! U&.-3!PyH!AI>F@=G;H!=G!?IIE!G;EL;?=GB?;!BAF>!BMG?=AI>F@=GF>FX;?!U`QQp"_!.FIMI@W3!%=>=AA=A3!p)V!YFGJ!GJ;!LBMA;?!A;G!=G!PQz3!LIY;?! IBGLBG!=G!`Qz!CI?!^Q!LBMA;A!=G!R!A;@I>H!;=@JW!6IMMIYF>F@=GFI>3!=!A=ELM;!IC!GJ;! &66A!Y=A!=>=M:X;H!BAF>AEFAAFI>!;M;@G?I>!EF@?IA@IL:!U"$%VW!6I?EK=?b@=?DI>! @I=G;H!@ILL;?!H!CMI=G;H!CI?!R!EF>W!I>!=!RQ!ƒM!H?IL!IC!AI>F@=G;H![7A:>!CFD?FMA!HFMBG;H!R\PQ!YFGJ!&.-W!4?FHA!Y;?;!AG=F>;H!CI?!R!EF>W!I>!=!H?IL!IC!Pz!B?=>:M!=@;G=G;!=NB;IBA!AIMBGFI>3!;]@;AA!B?=>:M! =@;G=G;!Y=A!YF@T;H!=Y=:!YFGJ!CFMG;?!L=L;?3!=>H!=MMIY;H!GI!H?:!D;CI?;!FE=!=!f$'*!f$%7RdQQ!G?=>AEFAAFI>!;M;@G?I>!EF@?IA@IL;W!"J;!M;>;!=K;?=<;!CFD?FM!AFX;!GI!;>AB?;!CFD?FM!M;>F@=G;H!&66A!Y;?;!T;LG!=G!?IIE!G;EL;?=GB?;!HB?F>!IC!GJ;!AB?!2IJI?G!R!Y;?;!H;;LM:!=>;AGJ;GFX;H!YFGJ!FAICMB?=>;!=>H!?;@;FK;H!GYI!PyM!B>FM=G;?=M!F>G?=AG?F=G=M!F>Z;@GFI>A!;FGJ;?!IC!AI>F@=G;H!EIBA;![7A:>!&66A!USy!I?!R^!y!F>!d!yM!GIG=M!F>Z;@G=G;_!)&!}RW^3!%*!}PWQ3!5p!7dWQ_!)&!}QWR3!!)"*!%*!}dWP3!5p! 7eWQ!C?IE!ATBMMV !I?!=>!;NB=M!KIMBE;!IC! &.-!=G!=!?= G;!=G!QWeƒMbEF>BG;W!! +>Z;@GFI>A!Y;?;!=HEF>FAG;?;H!BAF>;;HM;!=GG=@J;H!GI!=!RQ!ƒM!#=EFMGI>! A:?F><;W!)CG;?!;=@J!F>Z;@GFI>3!GJ;!>;;HM;!Y=A!M;CG!F>!LM=@;!CI?!R!EF>BG;3!?;G?=@G;H!QWe!EE3! M;CG!F>!LM=@;!CI?!=>!=HHFGFI>=M!P!EF>BG;A!=>H!GJ;>!AMIYM: !YFGJH?=Y>W!!)>FE=MA!Y;?;! EI>FGI?;H!LIAG 7AB?<;?:!=>H!;BGJ=>FX;H!=G!L?;H;G;?EF>;H!GFE;!LIF>GA !UP!EI>GJA3!d! EI>GJA3!=>H!^!EI>GJA!LIAG!F>Z;@GFI>V W!!!!80,9!"!.-!$!"#$@-+4'0-#$1+''&1,-+" $$)MM!=>FE=MA!?;@;FK;H!+W&W!F>Z;@GFI>!IC!`QE=AF=! U#;>?:!-@J;F>3 !2IMBEDBA! '#V!=>H!Y;?;!LM=@;H!F>GI!=!AG;?;IG=]F@!C?=E;W!2-6!U|RQQ!ƒMV!Y=A!@IMM;@G;H!KF=!@FAG;?>=! E=<>=!LB>@GB?;! i`ej!=>H!DMIIH!@IMM;@G;H!KF=!@=?HF=@!LB>@GB?;3!G?=>AC;??;H!GI!LM=AE=! @IMM;@GFI>A!GBD;A!U.5!@=G=MICIV!=>H!T;LG!I>!F@;W!!)>FE=MA!Y;?;!L;?CBA;H !YFGJ!QWrz!J;L=?F>FX;H!A=MF>;!CIMMIY;H!D:!QWrz!A=MF>;W!!.?=F>A!Y;?;!FEE;?AFI>!CF]; !F>!dz!&6)!CI?! dS!JIB?A!= >H!LM=@;H!F>!`Qz!AB@?IA;!B>GFM !AB>T W!!2-6!Y=A!@;>G?FCB<;H!=G!RQ3QQQ! 2$CI?!RQ! EF>W!=G!d⁄2!GI!L;MM;G!=>:!@I>G=EF>=GF>H!GJ;!ABL;?>=G=>G!Y=A! G?=>AC;??;H!GI!=!RWeEM!@IMM;@GFI>!GBD;W!!.MIIH!Y=A!@;>G?FCB<;H!=G!`3QQQ! 2$CI?!e!EF>W!=G! d⁄2!=>H!GJ;!GIL!M=:;?!IC!LM=AE=!Y=A!G?=>AC;??;H!GI!=!GBD;W!2-6!=>H!LM=AE=!A=ELM; A!Y;?;!C?IX;>!=G! 7SQ⁄2!B>GFM!=>=M:AFAW !!D&.+:1!'&$D06',-6'&C$8FO:K$4+*$O"4'!55!,+*7$J7,+;-"&. $!%;=AB?;E;>G!IC !F>G;?C;?I>!<=EE=!U +6,7cV3!F>G;?M;BTF> 7RQ!U+*7RQV3!F>G;?M;BTF> 7R`!U+*7R`V3!F>G;?M;BTF> 7R!D;G=!U+*7RtV3!F>G;?M;BTF> 7d!U+* 7dV3!F>G;?M;BTF> 7e!U+* 7eV3! F>G;?M;BTF> 7^!U+* 7^V3! T;?=GF>I@:G;!@J;EI=GG?=@G=>G!U82b4('3!2v2*RV!=>H!GBEI?!>;@?IAFA!C=@GI?!U",6V! Y=A! !)"+!@I>HB@G;H!YFGJ!GJ;!r^!Y;MM!%;AI-@=M;!p 7&M;]!&?IF>CM=EE=GI?:!&=>;M!P!(=G!TFG!U%-53! (I@TKFMM;!%53! 8ReQer5 7RV!I>!GJ;! %-5!-$2"'(!+E=<;?!PdQQ 7)!U%;AI!-@=M;! 5F=<>IAGF@A3!**23!(I@TKFMM;3!%5V !L;?!GJ;!E=>BC=@GB?;?A9!F>AG?B@GFI>AW!2-6!UHFMBG;H!R\PV! =>H!LM=AE=!UHFMBG;H!R\dV!A=ELM;A!Y;?;!?B>!F>!HBLMF@=G;3!=>H!GJ;!AF<>=M!<;>;?=G;H!Y=A! @IEL=?;H!GI!GJ;!AG=>H=?H!@B?K;!CI?!;=@J!=>:M=G;!=>H!ABDA;NB;>GM:!@I>K;?G;H!GI!GJ;! @=M @BM=G;H!@I>@;>G?=GFI>!E;=>!UL=M!@=M@BM=GFI>AW! !!O550"+9-.,+19&5-.,*7 $!"#$:,&*&+'+2-1!'$K"!'7.-.$-"$,9&$ :/1 $!$]G;>AFK;!AG;?;IMIGFCF@=GFI>!IC! -,@ !>;B?I>A!LIAA;AAF>! F>@MBAFI>A! LJIALJI?:M=G;H!-;?F>;!RPr !UL-:> V3! -,@ !>;B?I>A!U >;B?I>=M!>B@M;F 3!,;B7,V!=>H! _!G:?IAF>;! J:H?I]:M=A;!U"# V!FEEB>I?;=@GFK;!! -,@ !>;B?I>A!Y=A!@I>HB@G;H!=A!H;A@?FD;H!L?;KFIBAM:! i`^jW!!!O550"+4'0+*&.1&"1& $-"$,9&$K2*!"0'!*$O".0'!*$J+*,&C $!6?;;!CMI=GF>A!UR\^!A;?F;AV!Y;?;!G?=>AC;??;H!GI!QWR%!G?FA!DBCC;?;H!A=MF>;! U".-V!@I>G=F>F>!v 7RQQ!U"]RQQ_!".- 7"]VW!!6IMMIYF>A!Y;?;! F>@BD=G;H!F>!RQz!,4-b".- 7"]!=>H!DMI@T;H!CI?!R!JIB?W!!6IMMIYF>A!Y ;?;! HIBDM;!FEEB>IM=DM;H!YFGJ!L?FE=?:!=>GFDIHF;A !=<=F>AG !EIBA;!=>GF 7LJIALJI?:M=G;H![ 7A:>! !=G!-;?F>;!RPr!UL-:>3!SR)_!)D@=E3!2=ED?FH<;3!%)_!).RSd^od_!R\Re3QQQV!=>H!?=DDFG! =>GF7FI>FX;H!@=M@FBE!DF>HF>H3!p)_!QRr 7RrodR3!R\RQQQV!IK;?>F@BD=GFI>3!A;@GFI>A!Y;?;!Y=AJ;H! =>H!F>@BD=G;H!F>!A;@I>H=?:!=>GFDIHF;A!GF 7?=DDFG!U)M;]=6MBI?!dSS_!+>KFG?I<;>3! 2=?MAD=H3!2)_! )7RRQQSV!=>H!GF 7EIBA;!U)M;]=6MBI?!e^S_!)D2=E3! 2=ED?FH<;3! )",!%)_!=DRoedo`V!R\eQQ!F>!Rz!,4-bQWez!"]7RQQ!CI?!P!JIB?AW!!-;@GFI>A!Y;?;!Y=AJ;H3!EIB>G;H!I>!ABDD;H!AMFH;A!=>H!@IK;?AMFLL;H!YFGJ!p;@G=-JF;MH!J=?HA;G!EIB>GF>H!KFAB=MFX;H!I>!=!I>!=!,FTI>!$@MFLA;!rQF!EF@?IA@IL;!YFGJ!=!q+2)%!@=E;?=!Uq+E=<3!-B??;:3!.?FGFAJ!2IMIEDF=3!2=>=H=V!=>H!,FTI>!$M;E;>GA!)(! UK;?AFI>!dWeQWQQ3!%;MKFMM;3!,0VW!O"1'0.-+"$J*-,&*-!$4+*$8C!5-"!,-+"$+4$O"4'!55!,+*7$J7,+;-"&$F&=&'.$$)MM!>=aK;!?=GA!U2IJI?G!RV!=>H!@I>G?IM!?=GA!F>Z;@G;H!YFGJ!&.-!U2IJI?G!PV!Y;?;!F>@MBH;H!CI?!;]=EF>=GFI>!IC!F>CM=EE=GI?:!@:GITF>;!M;K;MAW!(=GA!F>Z;@G;H![7A:>!&66A!U2IJI?G!PV!Y;?;!F>@MBH;H!CI?!;]=EF>=GFI>!IC!F>CM=EE=GI?:!@:GITF>;!=>=M:AFA!I>M:!FC!GJ;:!LIAA;AA;H!{R^QQ!L-:>!=<!GJ;!-,@W!"J;!R^QQ!L-:>!=<;H!D:!GJ;!HFAG?FDBGFI>!IC!H=G=!LIF>GA!YJF@J!?;K;=M;H!=!@MBAG;?!IC!?=GA!=G!GJ;!DIGGIE!IC!GJ;! HFAG?FDBGFI>!IC!-,@!L-:>!=<GJA!U*?LE:9!MG^7R!+889"D?]V3!;]JFDFGF>I!AL?;=H!=>H!>I!=LL=?;>G!?;M=GFI>AJFL!D;GY;;>!L-:>!MI=H!=>H! @:GITF>;!M;K;MA!U*?LE:9!MG^PUFR!+889"D?]VW!"J;?;CI?;3!GI!;]=EF>;!GJ;!FEL=@G!IC!L-:>!F>@MBAFI>!MI=H!I>!F>CM=EE=GI?:!@:GITF>;A!I>M:!?=GA!LIAA;AAF>!=<!GJ;!-,@!Y;?;!F>@MBH;H!CI?!=>=M:AFAW!"JFA!?;ABMG;H!F>!GJ;!;]@MBAFI>!IC!d!IC!RQ!?=GA!=G!GJ;!P!EI>GJ!LWFW!GFE;!LIF>G!=>H!P!IC!RR!?=GA!=G!GJ;!d!EI>GJ!LWFW!GFE;!LIF>G3!=MM!?=GA!GJ=G!J=H!D;;>!F>Z;@G;H!YFGJ!GJ;!MIY;?!GIG=M!NB=>GFG:!IC![7A:>!&66A!USyI!?=GA!LIAA;AA;H!EI?;!GJ=>!R^QQ!L-:>!=<!GJ;!-,@!=G!^!EI>GJA!>I!@I??;M=GFI>!=>=M:AFA!D;GY;;>!L-:>!F>@MBAFI>!MI=H!=>H!@:GITF>;!M;K;MA!Y=A!L;?CI?E;H!CI?! GJFA!GFE;!LIF>GW!#IY;K;?3!@I??;M=GFI>A!Y;?;!L;?CI?E;H!D;GY;;>!@:GITF>;!M;K;MA!=>H!!)"-!E=<>FGBH;!IC!H;<;>;?=GFI>!UPdW^dz! 7!ePWSPzV!=A!H;G;?EF>;H!D:!AG;?;IMIGA!IC! "#F?!>;B?I>AW !!:,!,-.,-1. $!-G=GFAGF@=M!=>=M:A;A!Y;?;!L;?CI?E;H!BAF>FCF@=>@;!CI?!=MM!@=A;A!Y=A!A;G!=G! 6!‰!QWQeW!!-G=GFAGF@=M!IBGMF;?A!Y;?;!=AA;AA;H!BAF>!C?IE!GJ;!%;HF=>!U)5)%V!E;GJIH!BAF>A;?K=GFK;9 !@?FG;?FI>! i`ojW!!2IEL=?FAI>A!D;GY;;>!P!=M:X;H!BAF>G9A!G 7G;AGW! 6I?!@IEL=?FAI>A!IC!`!I?!EI?;3!=!I>; 7Y=:!),'p)!YFGJ!"BT;:9A!LIAG!JI@!=>=M:A;A!Y=A! BA;HW!!2I??;M=GFI>!=>=M:AFA!Y=A!@I>HB@G;H!GI!F>K;AGF<=G;!GJ;!?;M=GFI>AJFL!D;GY;;>!L-:>! F>@MBAFI>!>BED;?!=>H!@:GITF>;!M;K;MAW!!6I?!@:GITF>;!M;K;MA!GJ=G!Y;?;!D;MIY!H;G;@GFI>! MFEFG!U.5*V!I?!D;MIY!CFG!@B?K;!U.62V!F>!YJF@J!>I!K=MB;!Y=A!3!GJ;!@=M@BM=G;H!MIY!=G! YJF@J!GJ;!AG=>H=?H!@B?K;!@?IAA;A!GJ;!v!=];A!Y=A!ABDAGFGBG;HW! !!09@EC$@ !!!Q/)$!"#$MJh ILX$!*&$.-2"-4-1!",'7$-"1*&!.&#$-"$J:)$%-,9$!2-"2 $!"I!F>K;AGF<=G;!GJ;!?;M=GFI>AJFL!IC!DFICMBFH!@:GITF>;!M;K;MA! YFGJ!=HK=>@F>H!",6!Y;?;!E;=AB?;HW!!)A! EI?LJIMIH!CB>@GFI>=M!@J=><;A!F>!EF@?I!?;LI?G;H!YFGJ!=;H!A;@GFI>A!IC!=BM=?!F>ABM=?!@I?G;]!C?IE!d3!S3!=>H!PQ 7EI>GJ!IMH! E=M;!?=GA 3!D=A;H!I>!IB? !L?;KFIBA!IDA;?K=GFI>!GJ=G!EF@?I@?;=A;!%#2 7++!;]L?;AAFI>! F>!GJ;!L?;A;>@;!IC!L-:> W!!,I!<;A!F>!@;MM!DIH:!AFX;3!AJ=L;3!I?!;]G;>G!IC! D?=>@JF>!EF@?IG!=<;!=aK; !?=GA!> I!L-:>!FEEB>I?;=@GFKFG:!Y=A!IDA;?K;HW !+>!2-63! 82b4('!U )!UP3!RPV !—!RdWeQ3! 6!—!QWQQ^V!Y=A! AF<>FCF@=>GM:!F>@?;=A;H!F>!2-6!=G!PQ!EI>GJA! UoQWdo!›!RrWe`!LGJA!U`dWSR!›!PWeP!LH!S!EI>GJA!U``WQo! ›!SWe^!L=MM:3!",6!U )!UP3!RPV !—!ooWPS3! 6rQWQQQRa!Y=A!AF<>FCF@=>GM:! F>@?;=A;H! F>!2-6! =G!PQ!EI>GJA!URWeR!›!QWRS!LGJA!UQWdQ!›!QWRQ! LH!S!EI>GJA!UQWer!›!QWRo!L!LM=AE=3!",6!U )!UP3!R`V !—!rWeR3! 6rQWQQ`V! Y=A! AF<>FCF@=>GM:!F>@?;=A;H!=G!PQ!EI>GJA!UdWo` !›!QWrr!LGJA!U`WQ` !›!QWde!LH!S!EI>GJA!U`WQe !›!QW^d!LFCF@=>G!=<; 7?;M=G;H!HFCC;?;>@;A!Y;?;!IDA;?K;H!F>!@:GITF>;!M;K;MA!F>!2-6!I?!LM=AE=!U 6mQWQeVW !!!O",*!.,*-!,!'$ oE.7"$<)) $-"B&1,-+"$*&.0',.$-"$1+*,-1!'$6:7"$-"1'0.-+". $&?;KFIBA!=>=M:AFA!IC!GJ;!@IJI?G!IC!?=GA!BA;H!F>!GJFA!AGBH:!H;EI>AG?=G;H!YFH;AL?;=H! =@@BEBM=GFI>!IC!L-:>!F>@MBAFI>A!F>!GJ;! -,@3!=E:H!F>ABM=?!@I?GF@;A! i`^jW!4FK;>!IB?!L?;KFIBA!CF>HF> AG?=GF>@?;=A;H!%#2 7++!;]L?;AAFI>!F>!GJ;! =BM=?!F>ABM=?!@I?G;]3!Y;!Y=>G;H!GI!;]=EF>;!EF@?I!GJFA!=?;=W! "I!;]=EF>;!GJ;!EI?LJIMI;AA!=>H!>BED;?!IC! D?=>@J;AV!=>H!=DB>H=>@;!IC!EF@?IHF>< !L-:>!F>@MBAFI>A!F>!GJ;!=BM=?! F>ABM=?!@I?G;]!Y;!L;?CI?E;H!HB=M!M=D;M!FEEB>ICMBI?;A@;>@;W!)DB>H=>G!L-:>!F>@MBAFI>A! Y;?;!;KFH;>G!F>! [7A:>! &66 7F>Z;@G;H!?=GA3!YFGJ!>I!F>@MBAFI>A!IDA;?K;H!CIMMIYF>G?IM! &.-!F>Z;@GFI>A!U *?LE:9!MGK7cW!!%F@?I!@MIA;!L?I]FEFG:!GI! L-:>!F>@MBAFI>A !b*?LE:9!MGK7R!?"@9$cR !JIY;K;?!>I!NB=MFG=GFK;!HFCC;?;>@;A!D;GY;;>!GJ;! EI?LJIMIH!NB=>GFG:!IC!EF@?IG!D;GY;;>! &.-!=>H!&66!F>Z;@G;H!=>FE=MAW!"J;!GFE;!@IB?A;!IC !-,@ !L-:>!=@@BEBM=GFI>!=>H! !)#)!H;<;>;?=GFI>!F>!GJFA!@IJI?G!J=A!D;;>!Y;MM7H;A@?FD;H!F>!GJFA!@IJI?G!F>!IB?!L?;KFIBA!AGBH:!iP^3!PojW!!L-:>!=@@BEBM=GFI>!F>!GJ;!-,@!FA!GJA!=>H!H;@?;=A;A!IK;?!GFE;!F>!=AAI@F=GFI>!YFGJ!@;MM!MIAA!U*?LE:9!MGJ7hiP^3!Po3!`^jVW!!6B?GJ;?EI?;3!AF<>FCF@=>G!>F!PdW^dz!7!ePWSPz!FA!IDA;?K;H!F>!GJ;!FLAFM=G;?=M!-,@!=G!^!EI>GJA!LIAG7F>Z;@GFI>!U*?LE:9!MGJP!i`^jVW$J:)$O)/Es$6+.-,-=&'7$1+**&'!,&.$%-,9$6:7"$-"1'0.-+"$'+!#$!,$N$5+",9.$6(-(>$\$5+",9.$6*-+*$,+$"-2*!'$#&2&"&*!,-+"$"YI!A;L=?=G;!=LL?I=@J;A!Y;?;!BA;H!GI!;]=EF>;!GJ;!FEL=@G!IC![7A:>!&66!F>HB@;H!L-:>!F>@MBAFI>A!I>!2-6!@:GITF>;!M;K;MAW!6F?AG3!@;A!Y;?;!;]=EF>;H!D;GY;;>![7A:>!&66!=>H!@I>G?IM!&.-!F>Z;@G;H!?=GAW!-;@I>H3!@I??;M=GFI>!=>=M:AFA!Y=A!@I>HB@G;H!GI!H;G;?EF>;!=>:!?;M=GFI>AJFL!D;GY;;>!GJ;!E=<>FGBH;!IC!L-:>!F>@MBAFI>A!F>!GJ;!-,@!YFGJF>!F>HFKFHB=M!?=GA3!=A!L?;KFIBAM:!H;G;?EF>;H!i`^j3!=>H!2-6!@:GITF>;!M;K;MAW!,I!AF<>FCF@=>G!@;A!F>!@:GITF>;!M;K;MA!HB;!GI!;FGJ;?!&66!I?!&.-!G?;=GE;>G!Y;?;!IDA;?K;H! =G!P!EI>GJA!LWFW!U6$mW(W_>$(7PC9!MGJR!*?LE:9!MGKPVW!+>!<;>;?=M3!+*7Rt3!+*7R`3!=>H!+*7d!C;MM!D;MIY!GJ;!CFG!@B?K;!.62!I?!.5*!?;<=?HM;AA!IC!G?;=GE;>G!U(7PC9!MGJVW!$]G;>AFK;!K=?F=DFMFG:!F>!GJ;!>BED;?!IC!-,@!L-:>!F>@MBAFI>A!Y=A!IDA;?K;H!YFGJF>!GJ;![7A:>!&66!F>Z;@G;H!?=GA3!L?IELGF>!=>=M:AFA!GI!;]=EF>;!GJ;!?;M=GFI>AJFL!D;GY;;>!-,@!L-:>!F>@MBAFI>!>BED;?!=>H!@:GITF>;!M;K;MAW!"J;?;!Y=A!=!LIAFGFK;!@I??;M=GFI>!D;GY;;>!M;K;MA!IC!+6,7c!=>H!>BED;?!IC!-,@!L-:>!F>@MBAFI>A!U?!—!QWSP3!L—!QWQd^`3!(P—!QW^o_!*?LE:9!MGKFVW!)MGJIB!F>@MBAFI>A!=LL;=?;H!GI!J=K;!JFH!",6!2-6!M;K;MA3!>I!AF<>FCF@=>G!@I??;M=GFI>A!Y;?;!H;G;@G;H!U+*7^\!?!—!QW^S3!L—!QWR`3!(P—!QWdo3!*?LE:9!MGKDh!",6\!?!—!QW^P3!L—!QWRr3!(P—!QW`S_!*?LE:9!MGK9VW!!)#"!K,$i$5+",9.>$!,$,9&$+".&,$+4$#&2&"&*!,-+">$ OFEk$-.$.-2"-4-1!",'7$-"1*&!.&#$ -"$J:)$4*+5$o E.7"$<)) E-"B&1,&# $*!,.>$ Q/)$!"#$O)/Es$'&=&'.$ 6+.-,-=&'7$1+**&'!,&$%-,9$6:7"$-"1'0.-+" .$$!)DB>H=>G!L-:>!F>@MBAFI>A!Y;?;!H;G;@G;H!F>!GJ;!=BM=?!F>ABM=?!@I?G;]!IC! [7A:>! &66 7F>Z;@G;H!?=GA!d!EI>GJA!=CG;?!F>Z;@GFI>W!#IY;K;?3!>I!IDA;?K=DM;!@J=><;A!F>!EF@?IBED;?!I?!EI?LJIMI<:!Y;?;!IDA;?K;H!D;GY;;>!& .-!=>H!&66 7F>Z;@G;H!=>FE=MA!U *?LE:9!MGM7cG!! -FEFM=?!GI!P!EI>GJA!LWFW3! +*7Rt!=>H!+*7d!Y;?;!.62!I?!.5*!?;<=?HM;AA!IC! G?;=GE;>G3!JIY;K;?!F>@?;=A;H!K=?F=DFMFG:!F>!@:GITF>;A!F>!&66!=>FE=MA!Y=A!IDA;?K;H! @IEL=?;H!GI!P!EI>GJA!U (7PC9!MGKR!*?LE:9!MGKPVW! ![7A:>!&66! F>HB@;H!A:>B@M;F>IL=GJ:! Y=A!=AAI@F=G;H!YFGJ!AF<>FCF@=>GM:!JFZ;@G;H!?=GA!=G!d! EI>GJA!LWFW!U 6!—!QWQQo3! (7PC9!MGKR!*?LE:9!MGMPcW!/FGJF>!F>HFKFHB=M!&66 7F>Z;@G;H!?=GA3! F>@?;=A;H!M;K;MA!IC!L-:>!F>@MBAFI>A!Y=A!>IG!=AAI@F=G ;H!YFGJ!+*7^!2-6!M;K;MA!=A!>I! @I??;M=GFI>!Y=A!IDA;?K;H!U?!—!QWQP3! (P!—!QWQQQP3! 6!—!QWroVW! ,I!=HHFGFI>=M!AF<>FCF@=>G! D;GY;;>!@;A!F>!2-6!@:GITF>;!M;K;MA!Y;?;!H;G;@G;H!U 6$m$W(W_ V3!JIY;K;?! 2-6!+* 7RQ!G?;>H;H!GIY=?H!D;F>@?;=A;H!F>!?=GA!F>Z;@G;H!YFGJ!&6 6A!U&66\!^WRP! ›!QWSQ!L!=>=M:AFA!Y=A!@I>HB@G;H!GI! H;G;?EF>;!=>:!?;M=GFI>AJFL!D;GY;;>!GJ;!E=<>FGBH;!IC!L-:>!F>@MBAFI>A!F>!GJ;! -,@ !YFGJF>!F>HFKFHB=M!&66 7F>Z;@G;H!?=GA!=G!d!EI>GJA! iP^3!`^j!=>H!2-6!@:GITF >;!M;K;MAW!.IGJ!2-6! +6,7c!=>H!",6!Y;?;!LIAFGFK;M:!@I??;M=G;H!GI! -,@ !L-:>!F>@MBAFI>!>BED;?!U+6,\!?!—!QWor3! (P!—!QW^P3! 6!—!QWQR_!",6\!?!—!QW^r3!( P!—!QWdo3! 6$—!QWQd3!6F$#0*-"2$,9&$-",&*=!'$+4$#&2&"&*!,-+">$ OFE_>$MJhILX>$!"#$Q/)$!*& $.-2"-4-1!",'7$-"1*&!.&# $-"$J:)$ 4*+5$o E.7"$<)) E-"B&1,&# $*!,. $!,I!@J=><;A!F>!EF@?IH=>@;!Y;?;!IDA;?K;H!D;GY;;>!&.-!=>H!&66 7F>Z;@G;H! =>FE=MA!=G!^!EI>GJA!LWF3!HB?F>G;?K=M!IC!H;<;>;?=GFI>3!GJIB!&66 7!)##!F>Z;@G;H!=>FE=MA!=LL;=?;H!GI!J =K;!C;Y;?!D?=>@J;A!U *?LE:9!MGZ7VW!*;K;MA!IC! +*7Rt3!+*7R`3!=>H!+*7d!Y;?;!<;>;?=MM:!.62!I?!.5*!U (7PC9!MGMV!=>H!K=?F=DFMFG:!YFGJF>!^!EI>GJ!&66! A=ELM;A!=LL;=?;H!GI!D;!M;AA!@IEL=?;H!GI!d!EI>GJ!A=ELM;AW!*;K;MA!IC!GJ?;;!@:GITF>;A! Y;?;!AF<>FCF@=>GM:!F>@?;=A;H!F>!G J;!2-6!C?IE! [7A:>!&66 7F>Z;@G;H!?=GA !@IEL=?;H!GI!&.-! @I>G?IMA!U (7PC9!MGMR!*?LE:9!MGZPV\!+* 7e!U&.-\!=MM!.5*3!`WdP !›!Q!LH!",6!U&.-\!QWPS! ›!QWQ^!L!GI! L-:>!F>@MBAFI>!>BED;?!Y=A!>IG!@I>HB@G;H!=G!GJFA!GFE;!LIF>G!HB;!GI!GJ;!H;@?;=A;!F>! L-:>!F>@MBAFI>A!F>!=AAI@F=GFI>!YFGJ!H;<;>;?=GFI>W! +>@?;=A;H!E=<>FGBH;!IC!H;<;>;?=GFI>! ?=>;B?I>A! i`^j!HFH!>IG!@I??;M=G;!YFGJ!=>:! F>@? ;=A;!F>!2-6!@:GITF>;A!U *?LE:9!MG`R!+889"D?]VW!!K,$k$5+",9.>$#0*-"2$,9&$-",&*=!'$+4$#&2&"&*!,-+">$ OFEk$-.$.-2"-4-1!",'7$-"1*&!.&#$-"$6'!.5! $4*+5$o E.7"$<)) E-"B&1,&# $*!,. $$!+>!=HHFGFI>!GI!2-63!LM=AE=!Y=A!=MAI!@IMM;@G;H!C?IE!?=GA!^!EI>GJA!=CG;?!;FGJ;?! [7A:>!&66 !I?!@I>G?IM!&.-!F>Z;@GFI> !U"=DM;!eWeV W!2:GITF>;A!Y;?;!H;G;@G;H!F>!JFGA!F>! LM=AE=!=G!^!EI>GJA!LWFW!@IEL=?;H!GI!2-6!=G!GJ;!A=E;!GFE;!LIF>G3!JIY;K;?3 !+*7Rt!AFEFM= ?M:!?;E=F>;H!.5*W !!&M=AE=!+* 7^!Y=A!AF<>FCF@=>GM:!F>@?;=A;H!F>![ 7A:>!&6 7F>Z;@G;H! ?=GA! =G!^!EI>GJA!LWFW !@IEL=?;H!GI!@I>G?IMA !U&.-\! d^WP`!›!rWSR!L@;A!F>!LM=AE= !@:GITF>;A! HB;!GI!&66!G?;=GE;>G!Y;?;! IDA; ?K;H 3!JIY;K;?!+* 7d!U&.-\!dWed!›!QWR^!LH!+* 7e!U&.-\!.5*3 !`W`r!›!Q3!&66\!^W^ ^!›!RWd`3!6$t$ QWQoV! HFALM=:;H !=!G?;>H!GIY=?HA! =>!F>@?;=A; !F>!GJ;!LM=AE=!IC!&66!@IEL=?;H!GI!&.- 7F>Z;@G;H!?=GAW!! +>@?;=A;H!E=<>FGBH;!IC! !)#$!H;<;>;?=GFI>!?=>;B?I>A! i`^j!HFH!>IG!@I??;M=G;! YFGJ!=>:!F>@? ;=A; !F>!LM=AE=!@:GITF>;A !U*?LE:9!MG;aR!+889"D?]VW!!!!!)#%!!!>F@;A!F>!EF@?I!GJ;!=BM=?!F>ABM=?!@I?G;]!=G!d3!S!=>H!PQ! EI>GJAW!,IG;!M=@T!IC!AG=F>F>W!UDV!'C!GJ;!>F>;!@:GITF>;A!=>=M:X;H3!82b4('!Y=A! 00!!)#*!AF<>FCF@=>GM:!F>@?;=A;H!F>!2-6!=G!PQ!EI>GJA!UoQWdo!›!RrWe`!LGJA!U`dWSR! ›!PWeP!LH!S!EI>GJA!U``WQo !!*?LE:9!MG;FCF@=>GM:!F>@?;=A;H!F>!2-6!=G!PQ!EI>GJA!URWeR!›!QWRS! LGJA!UQWdQ!›!QWRQ!LH!S!EI>GJA!UQWer!›!QWRo!L< bEMV!‚‚‚‚L‰QWQQQRW! bFc !",6!Y=A!AF<>FCF@=>GM:!F>@?;=A;H!=G!PQ!EI>GJA!F>!LM=AE=!‚‚L ”!QWQQo3!UdWo`!›!QWrr!LGJA!U`WQ`!›!QWde!LH!S!EI>GJA!U`WQe!›!QW^d!L!F>@MBAFI>!>BED;?!F>!GJ;!FLAFM=G;?=M!-,!CIMMIYF>G?=AG?F=G=M!F>Z;@GFI>!IC!&66AW!+>@MBAFI> >BED;?!Y=A!AF<>FCF@=>GM:!JFGJA!@IEL=?;H!GI!d!=>H!^!EI>GJA!U 6‰QWQQQRV3!d!EI>GJA AF<>FCF@=>GM:!JF!^!EI>GJA!U 6—QWQQd`VW!UDV! %=<>FGBH;!IC!FLAFM=G;?=M!"#!MIAA!@IEL=?;H!GI &.-!@I>G?IM!=G!P3!d3!=>H!^!EI>GJA!LWFW!HFALM=:A!L?IG?=@G;H3!L?I=GB?;!IC!H;<;>;?=GFI> G)#,!(7PC9!MGJ?"9!C9S9C@!7$!J!N#"$6@!8#@$ U?"d9F$?#" !!,I!@:GITF>;A!Y;?;!AF<>FCF@=>GM:!F>@?;=A;H!F>!&66!=> FE=MA!@IEL=?;H!GI!&.-!@I>G?IMA!=G!P! EI>GJA!LWFW!)DD?;KF=GFI>A\!.5*!—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j!?"!5'*!?@!7@@#F?7$9D!T?$6!8'I"!?"FCE@?#"!C#7D!7$!J!N#"$6@!8G?GR!8:?#:!$#! "?L:7C!D9L9"9:7$?#" !!b=V,I!<;A!F>!EF@?IBED;?!I?!EI?LJIMI<:!Y;?;!IDA;?K;H!F>!=BM=?!F>ABM=? @I?G;]!A;@GFI>A!F>!&.-!=>H!&66!F>Z;@G;H!=>FE=MAW!#IY;K;?3!EF@?I!F> @MIA;!L?I]FEFG:!GI!L-:>!FEEB>I?;=@GFK;!>;B?FG;A!U&66!F>A ;GVW!UDV!,I!HFCC;?;>@;A!F>!M;K;MA!IC F>CM=EE=GI?:!@:GITF>;A!Y;?;!IDA;?K;H!=G!P!EI>GJA!LWFW!@IEL=?;H!GI!&.-!@I>G?IMA3!JIY;K;?3 @I>AFH;?=DM;!K=?F=DFMFG:!Y=A!>IG;H!YFGJF>!GJ;!&66!F>Z;@G;H!BED;?!IC!L-:> 7F?!@;MMA !F>!GJ;!-,W!UH 7;V!)MGJIBH!",6 HFH!>IG!AF<>FCF@=>GM:!@I??;M=G;!YFGJ!L-:> 7F?!@;MMA!F>!GJ;!-,W!)DD?;KF=GFI>A\!.5*!—!.;MIY!H;G;@GFI> MFEFG_! 7F?!—!FEEB>I?;=@GFK;_!LZ;@GFI>_!L-:>\![ 7A:>! =G-;?F>;!RPr_!-$%!—!AG=>H=?H!;??I?!IC!GJ;!E;=>_!-,!—!ABDAG=>GF=!>F?"9!C9 S9C@!7$!M!N#"$6@!8#@$ U?"d9F$?#" !!+*7^!Y=A!AF<>FCF@=>GM:!F>@?;=A;H!F>!&66!=>FE=MA!@IEL=?;H!GI!&.-!@I>G?IMA!=G!d!EI>GJA!LWFW! )DD?;KF=GFI>A\!.5*!—!.;MIY!H;G;@GFI>!MFEFG_!LZ;@GFI>_! -$%!—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d!EI>GJA!LWFW!UDV!+>@?;=A;H!K=?F=DFMFG:!YFGJF>! &66!GJA!LWFW!=G!GJ;!I>A;G!IC!H;<;>;?=GFI>W!!,IG=DM:3!+* 7^!FA! AF<>FCF@=>GM:!F>@?;=A;H!@IEL=?;H!GI!&.-!@I>G?IMA!U 6!—!QWQQoVW!U@V!+6, 7c!FA!LIAFGFK;M:!@I??;M=G;H!GI! L-:> 7F?! @;MMA!F>!GJ;!-,W!UHV!/JFM;!M;K;MA!IC!+* 7^!=?;!AF<>FCF@=>GM:!F>@?;=A;H!F>!&66 7F>Z;@G;H! =>FE=MA!@IEL=?;H!GI!&.-3!+* 7^!HFH!>IG!AF<>FCF@=>GM:!@I??;M=G;!GI!L-:> 7F?!@;MM!>BED;?W!UHV!",6!FA! LIAFGFK;M:!@I??;M=G;H!GI!L-:> 7F?!@;MM!>BED;?W!)DD?;KF=GFI>A\!.5*!—!.;MIY! H;G;@GFI>!MFEFG_! 7F?!—! FEEB>I?;=@GFK;_!LZ;@GFI>_!L-:>\![ 7A:>!=G!-;?F>;!RPr_! -$%!—!AG=>H=?H!;??I?!IC!GJ;!E;=>_!-,!—!ABDAG=>GF=!>F?"9!C9S9C@!7$![!N#"$6@!8#@$ U?"d9F$?#" !!+*7e3!82b4('3!= >H!",6!Y;?;!AF<>FCF@=>GM:!F>@?;=A;H!F>!&66!=>FE=MA!@IEL=?;H!GI!&.-!@I>G?IMA! =G!d!EI>GJA!LWFW!)DD?;KF=GFI>A\!.5*!—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e3!82b4('3! =>H",6!=?;!AF<>FCF@=>GM:!F>@?;=A;H!@IEL=?;H!GI!&.-!@I>G?IMA!=G!^!EI>GJA!LWFW3!GJ;!F>G;?K=M!IC I>;?=GFI>W )DD?;KF=GFI>A\!.5*!—!.;MIY!H;G;@GFI>!MFEFG_! 7F?!—!FEEB>I?;= @GFK;_!LZ;@GFI>_!L-:>\![ 7A:>!=G!-;?F>;!RPr_!-$%!—!AG=>H=?H!;??I?!IC!GJ;!E;=>_!-,!— ABDAG=>GF=!>F?"9!C9 S9C@!7$![!N#"$6@!8#@$ U?"d9F$?#" !!+>G;?M;BTF> 7^!FA!AF<>FCF@=>GM:!F>@?;=A;H!F>!&66!@IEL=?;H!GI!&.- 7F>Z;@G;H!=>FE=MAW! )DD?;KF=GFI>A\!.5*!—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b4('!F>!GJ;!@I>G;]G!IC! >I?E=M!?IH;>G!=<3!@I>@B??;>G!YFGJ!GJ;!@I>@;LG!GJ=G!GJ;!2,-!D;@IE;A!F>@?;=AF>CM=EE=GI?:!YFGJ!=<;!=>H!M;AA!L?IG;@G;H!D:!=!H;G;?FI?=GF>G;?;AGF>@?;=A;H!",6!J=A!D;;>!FELMF@=G;H!F>!F>@?;=AF>!=!>BED;?!IC! HFA;=A;A!KF=!F>HB@;H!;]L?;AAFI>!IC!EIM;@BM;A!YJF@J!L?IEIG;!?;@?BFGE;>G!=>H!=HJ;AFI>!IC!"7@;MMA!GI!GJ;!;>HIGJ;MFBE3!CIMMIY;H!D:!EF!F>GI!GJ;!L=?;>@J:E=!idQ7ddj!=>H!GJBA!E=:!?;L?;A;>G!=!@I>G?FDBGI?!GI!=<;7?;M=G;H!H;<;>;?=GFI>W!!!+>!GJ;!@I>G;]G!IC!A:>B@M;F>IL=GJ:3!Y;!IDA;?K;H!>I!@;A!F>!2-6!@:GITF>;A!=G!P!EI>GJA!LWFW3!YJ;>!L-:>!DB?H;>!F>!GJ;!-,!=>H!@I?GF@=M!?;A!FA!!=@@BEBM=GFI>!D;GY;;>!=>FE=MA!=G!GJFA!GFE;!LIF>G! E=AT;H!@;AW!#IY;K;?3!=!LIAFGFK;!@I??;M=GFI>!D;GY;;>!-,!L-:>7F?!@;MM!>BED;?!=>H!M;K;MA!IC!+6,7c$Y=A!IDA;?K;H3!YJF@J!E=:!D;!?;M=G;H!GI!F>@?;=A;H!%#27++!;]L?;AAFI>!F>!GJ;!-,!=A!H;A@?FD;H!F>!2J=LG;?!`!iP^j3!=A!+6,7c!F>@?;=A;A!%#27+!=>H!%#27++!;]L?;AAFI>!idej!=>H!J=A!D;;>!AJIY>!GI!@I>G?FDBG;!GI!>;B?IGI]F@FG:!F>!&5!EIH;MA!id^7dSjW!!)$*!)G!d!EI>GJA!LWFW!LIAFGFK;!@I??;M=GFI>A!D;GY;;>!-,!L-:>7F?!@;MM!>BED;?!=>H!+6,7c$=>H!",6!Y;?;!IDA;?K;H!YFGJ!F>@?;=A;H!AF<>FCF@=>@;!@IEL=?;H!GI!P!EI>GJA3!=>H!M;K;MA!IC!+*7^!Y;?;!AF<>FCF@=>GM:!F>@?;=A;HW!!)G!^!EI>GJA!LWFW3!=MM!@:GITF>;A!F>!2-6!=>H!LM=AE=!C=FM;H!GI!@I??;M=G;!YFGJ!E=<>FGBH;!IC!H;<;>;?=GFI>W!#IY;K;?3!2-6!M;K;MA!IC!+*7e3!82b4('3!=>H!",6!=>H!LM=AE=!M;K;MA!IC!+*7^!Y;?;!AF<>FCF@=>GM:!F>@?;=A;H!F>!&667F>Z;@G;H!=>FE=MAW!!5=G=!I>!GJ;!F>KIMK;E;>G!IC!+*7e!=>H!82b4('!F>!JBE=>!&5!FA!M=@TF>H!?;NBF?;A!CB?GJ;?!F>K;AGF<=GFI>W!!'B?!AGBH:!H;G;@G;H!M;K;MA!IC!GYI!@IEEI>M:!&57=AAI@F=G;H!@:GITF>;A!CIMMIYF>;?=GFI>3!",6!=>H!+*7^W!"I!IB?!AB?L?FA;3!Y;!C=FM;H!GI!H;G;@G!+*7Rt!=G!?;MF=DM;!M;K;MA!=G!=>:!GFE;!LIF>GW!&IM:EI?LJFAEA!F>!GJ;!+*7Rt!<;>;!J=K;!D;;>!FELMF@=G;H!F>!?FAT!IC!ALI?=HF@!&5!idr7eRj!=>H!L?IG;F>!M;K;MA!=?;!@I>AFAG;>GM:!H;G;@G;H!F>!L=GF;>G!DFICMBFHA!iP3!ejW!!+G!FA!LIAAFDM;!GJ=G!+*7Rt!HI;A!>IG!?;=@J!H;G;@G=DM;!M;K;MA!B>GFM!L=GJIMI<:!J=A!D;;>! I>!;]G;>H;H!L;?FIH!IC!GFE;3!I?!E=:!?;CM;@G!HFCC;?;>@;A!F>!?;ALI>A;!IC!GJ;!?=G!KAW!JBE=>!FEEB>;!A:AG;EW!!2IMM;@GFK;M:3!IB?!?;ABMGA!H;EI>AG?=G;!GJ=G!;=?M:!@J=><;A!F>!2-6!@:GITF>;A!=?;!L=?GF@BM=?M:!K=?F=DM;!=>H!?;M=G;H!GI!*;Y:!L=GJIMI<:W!!"J;?;CI?;3!FG!FA!B>MFT;M:!GJ=G! @:GITF>;UAV!=MI>;!@=>!@I>AGFGBG;!=!?;MF=DM;!DFIE=?T;?!CI?!;=?MF;?!HFA;=A;!H;G;@GFI>W!/JFM;!GJ;!E=ZI?FG:!IC!DFICMBFH!AGBHF;A!F>!L=GF;>GA!@I??;M=G;!@:GITF>;A!GI![7A:>!=>HbI?!G=B!M;K;MA!YFGJF>!GJ;!A=E;!DFICMBFH!io3!ePj3!Y;!Y;?;!MFEFG;H!D:!A=ELM;!KIMBE;!F>!GJFA!AGBH:!YJF@J!L?;@MBH;H!GJFA!G=>H;E!=>=M:AFAW!!#IY;K;?3!GJ;!=HK=>G=<;!IC!=>FE=M!EIH;MA!FA! GJ=G!Y;!Y;?;!=DM;!GI!@I??;M=G;!GI!L=GJIMI<:!YFGJF>!GJ;!D?=F>3!YJF@J!FA!@B??;>GM:!>IG!!)$+!LIAAFDM;!F>!L=GF;>GAW!!6BGB?;!AGBHF;A!=F E;H!=G!H;K;MILF>HA!CI?! [7A:>!L=GJIMI<:!F>!GJ;!D?=F>!E=:!L?IKFH;!F>AF!GJ;!?;M=GFI>AJFL!D;GY;;>!2-6bLM=AE=! @:GITF>;A!GJ=G!FA!EI?;!GFT;H!GI!I>B@M;F>IL=GJ:!=>H!H;<;>;?=GFI>W !!6B?GJ;?EI?;3!GJ;!AF<>FCF@=>G!F>@?;=A;!F>!GIG=M !F>HFKFHB=M!@:GITF>;A!ULH!GJ;! @IMM;@GFK;!>BED;?!IC!HFCC;?;>GF=MM:!A;@?;G;H!@:GITF>;A!HB?F>G;?K=M!IC!H;<;>;?=GFI>! AB<<;AGA!GJ=G!=!@;?G=F>!HB?=GFI>!=>H!GJ?;AJIMH!IC!L-:>!MI=H3!H;<;>;?=GFI>!=>H! LIG;>GF=MM:!IGJ;?!H;G?FE;>G=M!L?I@;AA;A!UI]FH=GFK ;!AG?;AA3!L=?;>@J:E=M!F>CM=EE=GFI>V! EBAG!D;!?;=@J;H!D;CI?;!@;A!D;GY;;>!A:>B@M;F>IL=GJ:!=>H!@I>G?IM! A=ELM;A!=?;!H;G;@G;HW! )A!DFICMBFH!H=G=!C?IE!&5!L=GF;>GA!?;L?;A;>GA!=!L;?FIH!=CG;?! HF=<>IAFA3!YJ;>!H;<;>;?=GFI>!J=A!?;=@J;H!= !E=<>FGBH;!IC!=G!M; =AG!eQz 3!IB?!^!EI>GJ! ?;ABMGA!=?;!F>!=G!YFGJ!GJFA!@I>@;LGW !!!'B?!?;ABMGA!LIF>G!GI!=< 7?;M=G;H!=>H!;=?M:!A:>B@M;F>IL=GJ: 7AL;@FCF@!=AAI@F=GFI>A!GI! L?IF>CM=EE=GI?:!@:GITF>;A!GJ=G!J=K;! L?;KFIBAM:!D;;>!=AA=:;H!F>!&5!DBG!B>=DM;!GI!D;! F>K;AGF<=G;H!F>!;=?M :!AG=<;A!L?FI?!GI!H;<;>;?=GFI>W !!5;K;MILE;>G!IC!GIIMA!GI!HF=<>IA;! L=GF;>GA!=G!;=?MF;?!HFA;=A;!AG=<;A!E=:!=FH!F>!H;K;MILF>GF 7F>CM=EE=GI?:!GJ;?=LF;A! G=?<;G;H!=G!@:GITF>;A!CI?!HFA;=A;!EIHFCF@=GFI>W! !!!!$$)$,!+==-4B&_!!)$-!!!*?LE:9!MG[ !IC!P!=>H!d!EI>GJ!S !yH!R^!yZ;@G;H!?=GAW!!-=ELM;A!YFGJF>!GJ;!DI]! Y;?;!BA;H!CI?!=MM!@IEL=?FAI>A!=>H!@I??;M=GFI>AW!U. 72V!)>FE=MA!LIAA;AAF>! F>@MBAFI>A!C=FM!GI!AJIY!=!?;M=GFI>AJFL!GI!@:GITF>;A!M;K;MAW!!"JIA;!=>FE=MA!LIAA;AAF>!@F?@M;AV!AJIY!=!LIAFGFK;!?;M=GFI>AJFL!D;GY;;>!L-:>!F>@MBAFI>!>BED;?!=>H! @:GITF>;AW !!!!!)%.!!*?LE:9!MG^ ?"9@!F#::9C7$9D!@ ?L"?Q?F7"$CI!T?$6!N7L"?$ED9!#Q!"?L:7C! D9L9"9:7$?#" G!!!!)%#!*?LE:9! MG;a?"9@!F#::9C7$9D!@?L"?Q?F7"$CI!T?$6!N7L"?$ED9!#Q!"?L:7C! D9L9"9:7$?#" G!0204060808101214% TH LossConcentration (pg/ml) r = 0.05p = 0.90IFN-! 0204060800.00.5 1.0 1.5 2.0% TH LossConcentration (pg/ml) IL-1" 020406080050100150% TH LossConcentration (pg/ml) r = 0.35p = 0.36IL-60204060802040 6080100120 140% TH LossConcentration (pg/ml) IL-10r = -0.1531p = 0.690204060800246 810% TH LossIL-4 Concentration (pg/ml) IL-4 r = 0.103p = 0.790204060800100200300 400 500% TH LossConcentration (pg/ml)r = 0.05p = 0.90KC/GRO 0204060800246810 1214% TH LossConcentration (pg/ml) IL-13 r = 0.1694p = 0.660204060800102030% TH LossConcentration (pg/ml)r = - 0.71p = 0.03IL-5 0204060800123 4 5% TH Loss Concentration (pg/ml)r = 0.51p = 0.16TNF)%$!0-*-0-45-'!!)%%!0-*-0-45-'!RW(I@J=3!,W&W3!)W-W!H;!%F?=>H=3!=>H!)W*W!";F];F?=3!O".-29,.$-",+$/&0*+-"4'!55!,-+"-"$G3!PQReW!Ja;Z\!LW!^PSRrPWPW.MBE75;<;>3!5W3!;G!=MW3!O",&*'&0;-"ES$@&,!$!"#$-",&*'&0;-"Ek$!*&$&'&=!,&#$-"$,9&1&*&@*+.6-"!'$4'0-#$+4$K'b9&-5&*U.$!"#$#&$"+=+$GVVW`W*F>HNKFAG3!5W3!;G!=MW3!J&*&@*+.6-"!'$4'0-#$-"4'!55!,+*7$5!*;&*.$-"$$4!,-20&>$!"#$1+2"-,-=&$-56!-*5&",(!.?=F>3.;J=KFI?3!=>H!+EEB>FG:3!PQR`W!KK\!LW!RS`7RSrWdW%I$OFEN>$OFEi>$OFEk$!"#$,*!".4+*5-"2$2*+%,94!1,+*E!'69!$'&=&'.$!*&$&'&=!,&#$-"$=&",*-10'!*$1&*&@*+.6-"!'$4'0-#$-"$B0=&"-'& 6!*;-".+"-.5$!"#$3.;J=KFI?3!=>H!+EEB>FG:3!PQQrW!JKURV\!LW!ee7^`W^W(I@J=3!,W&W3!;G!=MW3!L&#$K1,-=!,&#$Q$F7569+17,&.$^JGijJGN_ja$!"# <'!.5!$F&=&'.$+4$J7,+;-"&.$-"$3!*W,W3!;G!=MW3!J!"#-#!,&$-"4'!55!,+*7$@-+5!*;&*.$#-.6'!7$0"-Y0&*&'!,-+".9-6.$%-,9$!'69!E.7"01'&-"$!"#$1+**&'!,&$%-,9$5&!.0*&.$+4$#-.&!.&.&=&*-,7$-"$.0@B&1,.$%-,9$F@VVWSW%I$-",&*4&*+"E2!55!>$!"#$/)E;!66!H$'&=&'.$!*& &'&=!,&#$-"$,9&$6!*;-".+"-!"$@*!-"(!,;B?IA@F!*;GG3!PQQoW!M;MURV\!LW!rd7oWrW5FM<;?3!(W,W!=>H!(W/W!fIJ>AI>3!K2-"2>$5-1*+2'-!'$1&''$6*-5-"2>$!"#$,9&$#-.1+*#!",1&",*!'$-"4'!55!,+*7$*&.6+".&$,+$.-2"!'.$4*+5$,9&$6&*-69&*!'$-550"&$.7.,&5(!f*;BTI@!.FIM3!PQQSW!OMUdV\!LW!r`P7rWRQW2I>H;3!fW(W!=>H!/WfW!-G?;FG3!D-1*+2'-!$-"$,9&$!2-"2$@*!-"(!f!,;B?IL=GJIM!$]L,;B?IM3!PQQ^W![ZU`V\!LW!Rrr7PQ`WRRW(IXIKAT:3!+W3!2W$W!6F>@J3!=>H!"W$W!%I?<=>3!K2&E*&'!,&#$!1,-=!,-+"$+4$5-1*+2'-!!"#$!.,*+17,&.A$-"$=-,*+$.,0#-&.$.9+%$6&*.-.,&",$69&"+,76&.$+4$!2-"2>$-"1*&!.*+'-4&*!,-+">$!"#$*&.-.,!"1&$,+$#+%"E*&20'!,-+"(!,;B?IDFIM!)<3!RrrSW!;`URV\!LWro7RQ`WRPW.IFAK;?G3!%W%W3!;G!=MW3!Q9&$K2-"2$K.,*+17,&$Q*!".1*-6,+5&$4*+5$D0',-6'&$L&2-+".+4$,9&$D+0.&$H*!-"(!2;MM!?;LI?GA3!PQRSW!JJURV\!LW!P^r7PSeW!)%*!R`W!2M=?T;3!*W$W3!;G!=MW3! /+*5!'$!2-"2$-"#01&.$KS E'-;&$!.,*+17,&$*&!1,-=-,7( !&?I@;;HF>=M!)@=H;E:!IC!-@F;>@;A!IC!GJ;!1>FG;H!-G=G;A!IC! )E;? F@=3!PQRSW! ;;ZUSV\!LW!$RSr^ 7$RrQeW !RdW!/I><3!5W3!8W!5I?IKF>F 7†FA3!=>H!-W(W!pF>@;>G3! J7,+;-"&.>$"-,*-1$+C-#&>$!"#$1ID<$ 5+#0'!,&$,9&$6&*5&!@-'-,7$+4$!"$-"$=-,*+$5+#&'$+4$,9&$905!"$@'++# E@*!-"$@!**-&*( !$]L!,;B?IM3!PQQdW! ;`aUPV\!LW!dd^ 7eeW!ReW!f=@X;YAT=3!fW3!; G!=MW3!Q/)Eo$!"#$O)/ Es$6*+5+,&$'7569+17,&$!#9&.-+"$,+$ &"#+,9&'-!'$B0"1,-+"!'$*&2-+".$4!1-'-,!,-"2$,*!".&"#+,9&'-!'$5-2*!,-+"( !fIB?>=M!IC! *;BTI@:G;!.FIMI<:3!PQRdW! `ZUPV\!LW!P^e 7PodW!R^W!p=?=GJ=?=Z3!)W!=>H!+W!4=M;=3! Q9&$@'++#E@*!-"$@!**-&*$-"$.7.,&5-1$-"4'!5 5!,-+"( !.?=F>3!.;J=KFI?3!=>H!+EEB>FG:3!PQRoW! [a\!LW!R7RPW!RoW!&IL;A@B3!.W'W3!;G!=MW3! H'++# E@*!-"$@!**-&*$!',&*!,-+".$-"$!2&-"2$!"#$#&5&",-!( !f!,;B?IM!-@F3!PQQrW! JOKUR7PV\!LW!rr 7RQ^W!RSW!%=?NB;A3!6W3!;G!=MW3! H'++# p@*!-" E@!**-&*.$-"$!2-"2$!"#$-"$K'b9&-5&*].$ #-.&!.&( !%IM;@BM=?!,;B?IH;<;>;?=GFI>3!PQR`W! O\!LW!`S7`SW!RrW!4?=:3!%W"W!=>H!fW%W!/IBMC;3! :,*-!,!'$@'++# E@*!-"$@!**-&*$6&*5&!@-'-,7$-"$ ;E=>3!(W3! Q9&$@'++#E@*!-"$@!**-&*$-"$9&!',9$ !"#$#-.&!.&( !)>>!,;B?IM3!PQRPW! ^JUeV\!LW!^dS 7oPW!PRW!5IDDA3!(WfW3!;G!=MW3! K..+1-!,-+"$+4$1-*10'!,-"2$Q/) E!'69!$!"#$OFEk$%-,9$!2&-"2$!"#$6!*;-".+"-.5( !)@G=!,;B?IM!-@=>H3!RrrrW! ;aaURV\!LW!`d 7dRW!PPW!8FE3!#W'W3!;G!=MW3! :&*05$17,+;-"&$6*+4-'&.$-"$9&!',97$7+0"2 $!"#$&'#&*'7$6+60'!,-+"$ !..&..&#$0.-"2$50',-6'&C&#$@&!# E@!.&#$-550"+!..!7.( !fIB?>=M!IC!"?=>AM=GFI>=M! %;HF@F>;3!PQRRW! `URV\!LW!RR`W !P`W!8I?G;T==A3!(W3!;G!=MW3! H'++# E@*!-"$@!**-&*$#7.40"1,-+"$-"$6!*;-".+"-!"$5-#@*!-"$-"$ =-=+( !)>>!,;B?IM3!PQQeW! Z^UPV\!LW!Ro^ 7rW!PdW!†J=I3!.W!=>H!fW&W!-@JY=?GX3! O"=+'=&5&",$+4$17,+;-"&.$-"$"+*5!'$J/:$ #&=&'+65&",$!"#$"&0*+'+2-1!'$#-.&!.&.A$*&1&",$6*+2*&..$!"#$6&*.6&1,-=&.( !f!,;B?IA@F!(;A3!RrrSW! ZJURV\!LW!o 7R^W!PeW!8I?HIY;?3!fW#W3!;G!=MW3! G-.&!.&$#0*!,-+"$!"#$,9&$-",&2*-,7$+4$,9&$ "-2*+.,*-!,!'$ .7.,&5$-"$3!PQR`W! ;K[U&G!SV\!LW!PdRr 7`RW!P^W!5BCC:3!%W6W3!;G!=MW3! F&%7$@+#7 E'-;&$!'69! E.7"01'&-"$-"1'0.-+".$,*-22&*$*&!1,-=&$ 5-1*+2'-+.-.$6*-+*$,+$"-2*!'$#&2&"&*!,-+"( !f!,;B?IF>CM=EE=GFI>3!PQRSW! ;ZURV\!LW! RPrW!!)%+!PoW!&=BEF;?3!8W*W3!;G!=MW3! O",*!.,*-!,!'$-"B&1,-+"$+4$6*& E4+*5&#$5+0.&$!'69! E.7"01'&-"$ 4-@*-'.$-",+$*!,.$,*-22&*.$!'69! E.7"01'&-"$6!,9+'+27$!"#$@-'!,&*!'$"-2*+.,*-!,!'$ #&2&"&*!,-+"( !,;B?IDFIM!5FA3!PQReW! OJ\!LW!RSe7rrW!PSW!%B?LJ:!8;>>;GJ3!"W&W3!/=MLI?G!%=?T3!f=>; Y=:!2J=?M;A3! 3!"&%!7U.$ O550"+@-+'+27 W!S!;HW!PQRP\!4=?M=>H!-@F;>@;W !PrW!2IMMF;?3!"WfW3!2W$W!-I?GY;MM3!=>H!.W6W!5=M;:3! G-5-"-.9&#$=-!@-'-,7>$2*+%,9>$!"#$ @&9!=-+*!'$&44-1!17$+4$4&,!'$#+6!5-"&$"&0*+"$2*!4,.$-"$!2-"2$*!,.$%-,9$'+"2 E,&*5$ #+6!5-"&$#&6'&,-+"A$!"$! *205&",$4+*$"&0*+,*+69-1$.066'&5&",!,-+"( !f!,;B?IA@F3! RrrrW!;`UR`V\!LW!ee^` 7o`W!`QW!4=I3!fW3!;G!=MW3! O"4'0&"1&$+4$!2-"2$+"$,9&$#+6!5-"&*2-1$"&0*+".$-"$,9&$.0@.,!",-!$ "-2*!$6!*.$1+56!1,!$+4$*!,.( !2B??!)ATF3!,W8W3!;G! =MW3!L&1+5@-"!",$!#&"+ E!..+1-!,&#$=-*0.$Nh_ E5&#-!,&#$2&"&$ ,*!".4&*$-.$*&#$-"$,9&$!2&#$*!,$5-#@*!-"( !,;B?IDFIMI<:!IC!=<3!PQReW! K[UPV\! LW!RRRQ7RRPQW!`PW!*BT3!8W2W3!;G!=MW3! O",*!1&*&@*!'$-"+10'!,-+"$+4$6!,9+'+2-1!'$o E.7"01'&-"$-"-,-!,&.$!$ *!6-#'7$6*+2* &..-=&$"&0*+#&2&"&*!,-=&$o E.7"01'&-"+6!,97$-"$5-1&( !"J;!fIB?>=M!IC! $]L;?FE;>G=M!%;HF@F>;3!PQRPW! Ja`UeV\!LW!roe 7rS^W!``W!pIMLF@;MMF 75=M;:3!*W)W3!8W2W!*BT3!=>H!pW%W!*;;3! K##-,-+"$+4$&C+2&"+0.$!'69! E.7"01'&-"$6*&4+*5&#$4-@*-'.$,+$6*-5!*7$"&0*+"!'$10',0*&.$,+$ .&&#$*&1*0-,5&",$+4$ &"#+2&"+0.$!'69! E.7"01'&-"$,+$F&%7$@+#7$!"#$F&%7$"&0*-,& E'-;&$!22*&2!,&.( !,=G!&?IGI@3!PQRdW! `UrV\!LW!PR`e 7d^W!`dW!pIMLF@;MMF 75=M;:3!*W)W3!;G!=MW3! 8C+2&"+0.$!'69! E.7"01'&-"$4-@*-'.$-"#01&$F&%7$@+#7$ 6!,9+'+27$'&!#-"2$,+$.7"!6,-1$ #7.40"1,-+"$!"#$"&0*+"$#&!,9( !,;B?I>3!PQRRW! ^JURV\!LW!eo 7oRW!`eW!†=?G!f!%IM!2;MM!%;H3!PQR`W! JUPV\!LW! ro7SW!`^W!&=GG;?AI>!f(3!5W%W3 !8;EL!2f3!2IMMF;?!"f3!#IY;!f/3!%FMM;?!83!-GIMM!)23!*BT!823! )MM;>!)3!8=>==>!,%3!&=BEF;?!8*3!p=FT=GJ!,,3!%=ZDIB?!,83!$M 7)<>=C!'%)3! -I?GY;MM!2$W3! X6,-5-b!,-+"$+4$,9&$o E.7"01'&-"$6*&4+*5&#$4-@*-'$5+#&'$+4$ .7"01'&-"+6!,97$-"$*!,.( !PQRSW!`oW!*;:A3!2W3!;G!=MW3! G&,&1,-"2$+0,'-&*.A$G+$"+,$0.&$.,!"#!*#$#&=-!,-+"$!*+0"#$,9&$ 5&!">$0.&$!@.+'0,&$#&=-!,-+"$!*+0"#$,9&$5&#-!"( !fIB?>=M!IC!$]L;?FE;>G=M!-I@F=M! &A:@JIMI<:3!PQR`W! M`UdV\!LW!o^d 7o^^W!`SW!#=??:3!4WfW3! D-1*+2'-!$#0*-"2$#&=&'+65&",$!"#$!2-"2( !&J=?E=@IM!"J;?3!PQR`W! ;K`U`V\!LW!`R` 7P^W!)%,!`rW8IJE=>3!(W)W3!K2-"2$5-1*+2'-!A$*&'&=!"1&$,+$1+2"-,-+"$!"#$"&0*!'$6'!.,-1-,7(%;GJIHA!%IM!.FIM3!PQRPW!`KM\!LW!Rr`7PRSWdQW6F=M=3!%W3!;G!=MW3!Q/)E!'69!$+6&".$!$6!*!1&''0'!*$*+0,&$4+*$ROcES$-"=!.-+"$!1*+..,9&$@'++#E@*!-"$@!**-&*(!%IM;@BM=?!%;HF@F>;3!RrroW!KUSV\!LW!ee`7e^dWdRW-J=?F;C3!%W8W3!;G!=MW3!O"1*&!.&#$'&=&'.$+4$1-*10'!,-"2$OJKDES$-"$.&*05$!"#1&*&@*+.6-"!'$4'0-#$+4$6!,-&",.$%-,9$!1,-=&$50',-6'&$.1'&*+.-.($J+**&'!,-+"$%-,9$Q/)EuvC\@S?$!"#$@'++#E@*!-"$@!**-&*$#!5!2&(!fIB?>=M!IC!,;B?IFEEB>IMI<:3!Rrr`WMKURV\!LW!Re7PRWdPW%ITA3!/W)W3!)W!%IF>BHHF>3!=>H!fW$W!%I?M;:3!L&2-+"!'$,*!".6+*,$+4$Q/)E!'69!!1*+..$,9&$@'++#E@*!-"$@!**-&*$-"$7+0"2$OJL$!"#$7+0"2$!"#$!2&#$:KD<3!PQQRW!JJUdV\!LW!^oR7^WddW*K3!-W3!;G!=MW3!Q05+0*$"&1*+.-.$4!1,+*E!'69!$!44&1,.$@'++#E@*!-"$@!**-&* 6&*5&!@-'-,7$!"#$,-29,$B0"1,-+"E!..+1-!,&#$+11'0#-"$-"$!10,&$'-=&*$4!-'0*&(!*FK;?!+>G3PQRQW!KaUSV\!LW!RRrS7PRQWdeW%I>G;F?I3!-W3!;G!=MW3!H*!-"$-",&*4&*&"1&A$L&=-.-,-"2$,9&$*+'&$+4$O)/2!55!$-"$,9&1&",*!'$"&*=+0.$.7.,&5(!&?IG3!%W&W3!;G!=MW3!O"=+'=&5&",$+4$-",&*4&*+"E2!55!$-"$5-1*+2'-!'E5&#-!,&#$'+.. +4$#+6!5-"&*2-1$"&0*+".(!f!,;B?IA@F3!PQQoW!J^URPV\!LW!``PS7`oWdoW%=><=>I3!$W,W3!;G!=MW3!O",&*4&*+"E2!55!$6'!7.$!$*+'&$-"$6!*!Y0!,E-"#01&#"&0*+#&2&"&*!,-+"$-"=+'=-"2$+C-#!,-=&$!"#$6*+-"4'!55!,+*7$6!,9%!7.(!,;B?IDFIM)<3!PQRPW!KKUoV\!LW!RdRR7P^WdSW#=AJFIT=3!-W3!;G!=MW3!O",&*4&*+"E2!55!E#&6&"#&",$17,+,+C-1$!1,-=!,-+"$+4$905!"!.,*+17,&.$!"#$!.,*+17,+5!$1&''.(!,;B?IDFIM!)<3!PQQrW!KaURPV\!LW!RrPd7`eWdrW/=J>;?3!)W5W3!;G!=MW3!O"4'!55!,+*7$17,+;-"&$2&"&$6+'75+*69-.5.$!"#$-"1*&!.&# *-.;$+4$H!$W4W!%@4;;?3!K..+1-!,-+"$+4$-",&*'&0;-"ES$@&,! 6+'75+*69-.5.$%-,9$-#-+6!,9-1$G!5FAI?H;?A3!PQRoW!KJUoV\!LWRQ^^7RQo`W)*.!5678$9:!Z@;LG!GJ=G!>;B?IF>CM=EE=GFI>!I@@B?A!F>!&5!FA!>IG!>IK;M3!GJ;!=DFMFG:!GI! F>K;AGF<=G;!GJ;!NB;AGFI>!IC!YJ;GJ;?!F>CM=EE=GFI>!E=:!=@G!=A!=!@I>G?FDBGI?!I?!FA!=!E;?;! @I>A;NB;>@;!IC!>F;?=GFI>!F>!&5!J=A!?;E=F>;H!;MBAFK;W! "J;!H;K;MILE;> G!=>H!@J=?=@G;?FX=GFI>!IC!GJ;![ 7A:>!&66!EIH;M!J=A!=CCI?H;H!BA!GJ;!=DFMFG:!GI! ;]=EF>;!GJ;!G;ELI?=M!A;NB;>@;!IC!GJ;A;!;K;>GA!F>!=!E=>>;?!L?;KFIBAM:!B>=GG=F>=DM;W! !!)FE!R!F>K;AGF<=G;H!GJ;!GFE;!@IB?A;!IC!F>CM=EE=GFI>!F>!?;M=GFI>!GI!=@@BEBM=GFI>!IC!*;Y:! DIH:7MFT;!F>@MBAFI>A!=>H!>F;?=GFI>!YFGJF>!GJ;!L=?;>@J:E=!F>!GJ;!-,!=>H! IGJ;?!=?;=A!=CC;@G;H!F>!&5 !BAF>IJFAGIMIG;?;AGF>!GJ;!-,?!;]JFDFG!?;=@GFK;!EI?LJIMI<:!=G!GJ;!GFE;!LIF>G!IC!L;=T!L-:>!F>@MBAF I>!DB?H;>!F>!GJ;!=HZ=@;>G!-,@W!!%I?;IK;?3!GJ;!>BED;?!IC!EF@?I@B??;>GM:!YFGJ!L;=T!L-:>!F>@MBAFI>AW!!.IGJ!IC!GJ;A;!IDA;?K=GFI>A!I@@B??;H! EI>GJA!L?FI?!GI!H;<;>;?=GFI>!=>H!Y;?;!>IG!IDA;?K;H!HB?F>G;?K=M!IC!@;MM!H;=GJ!F>! GJ;!-,W!! 6B?GJ;?EI?;3!Y;!IDA;?K;!=!JFFGBH;!IC!H;<;>;?=GFI>!I>!GJ;!FLAFM=G;?=M! AFH;!@I>G=F>F>!F>@MBAFI>A!=>H!%#2 7++!FEEB>I?;=@GFK;!EF@?I!@I>G?=AG3!GJ;! @I>G?=M=G;?=M!AFH;!;]JFDFGA!M;AA!H;<;>;?=GFI>!F>!GJ;!=DA;>@;!IC!L-:>!=>H!%#2 7++W!"J;A;! ?;ABMGA!AB<<;AG!GJ=G!F>CM=EE=GFI>!FA!?;M=G;H!GI!;=?M:!A:>B@M;F>IL=GJ:!L=GJIMI<:3 !GI!=!EB@J!G!GJ=>!E;?;M:!D;F>A;NB;>@;!IC!H;<;>;?=GFI> !=>H!J=A!GJ;! LIG;>GF=M!GI!@I>G?FDBG;!GI!HFA;=A;!L?I W!!!!/JFM;!GJ;!;]L;?FE;>GA!F>!)FE!R!;AG=D MFAJ!=!?;M=GFI>AJFL!D;GY;;>!=D>I?E=M![ 7A:>! =@@BEBM=GFI>!=>H!F>@?;=A;A!F>!%#2 7++7;]L?;AAF>A!F>! !)*"!*?LE:9!ZG;AG?=G;!=>!F>@?;=A;!F>!EF@?I!=@GFK=G;H!EI?LJIMI<:! =>H!=>!F>@?;=A;!F>!>BED;?!IC!EF@?I!DB?H;>! F>!GJ;!-,!EI>GJA!L?FI?!GI!H;<;>;?=GFI>W!!5;@?;=A;A!F>!%#2 7++!;]L?;AAF>H! =DA;>@;!IC!HFCC;?;>GF=MM:!F>@?;=A;H!EF@?IG;?K=M!IC! H;<;>;?=GFI>3!AB<<;AGF>CM=EE=GI?:!E;@J=>FAEA3!AL;@FCF@=MM:!=>GF<;>!L?;A;>G=GFI>3!E=:! D;!F>KIMK;H!F>!GJ;!;=?M:!AG=<;A!IC!A:>B@M;F>IL=GJ:W!!)FE!P!?;ABMGA!H;EI>AG?=G;!=AAI@F=GFI>A! D;GY;;>!2-6!+6, 7c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iRjW!!!6F?AG3!YJFM;!%#2 7++!FA! ICG;>!@I> @B??;>GM:!;]L?;AA;H!YFGJ!L?IF>CM=EE=GI?:!@:GITF>;A3!FG!FA!>IG!@M;=?!YJ;GJ;?!GJ;! EF@?I!GJ;!&66!EIH;M!HFALM=:!IGJ;?!L?IF>CM=EE=GI?:!E=?T;?A! AB@J!=A!+* 7^!=>H!",6!YJF@J!=?;!>;B?IGI]F@! iPjW!!+H;>GFC:F>GF 7F>CM=EE=GI?:! AG= GBA!IC!GJ;A;!EF@?IH!UI?!>IGV!ABLLI?G!GI!GJ;!>IGFI>!GJ=G!%#2 7++!FEEB>I?;=@GFK;!EF@?I!HFA;=A;!@=>!@I>G?FDBG;!GI!HFA;=A;!L?IW! !!/JFM;!FG9A!LIAGBM=G;H!GJ=G!F>@?;=A;H!%#2 7++!;]L?;AAFI>!M;=HA!GI!F>@?;=A;H!H;<;>;?=GFI>3! GJ;?;!FA! MFGGM;!;KFH;>@;!ABLLI?GF>G?FDBGI?:!E;@J=>FAE!CI?!%#2 7++!FEEB>I?;=@GFK;!EF@?I!H;<;>;?=GFI>W!)!?;@;>G!AGBH:!D:!fFE;>;X 76;??;?!;G!=MW! i`j!!!H;EI>AG?=G;H!GJ=G!@I>G?=?:!GI!;]L;@G=GFI>A3!?=GA!YFGJ!MIY;?! D91N,! !=>H!%#2 7++!<;>;!;]L?;AAFI>!J=K; !F>@?;=A;H!L?ILI?GFI>A!IC!%#2 7++F?!EF@?I!L=GJIMI<:!=>H!F>@?;=A;H!>F;?=GFI>!@IEL=?;H!GI!@I>G?IMA!YFGJ!JFH!%#2 7++!<;>;!;]L?;AAFI>!M;K;MAW!"J;!=BGJI?A!@I>@MBH;!GJ=G!;]=@;?D=G;H! >;B?IGI]F@FG:!F>!GJFA!EIH;M!E=:!D;!HB;!GI!F>=H;NB=G;!=>GF<;>!L?;A;>G=GFI>!=DFMFG:!GI!" 7?;GF 7F>CM=EE=GI?:V!@;MMA!=>H!GJBA!?;L?;A;>G!=!MIAA!IC!CB>@GFI>!GJ=G!E=:! @I>G?FDBG;!GI!GI]F@FG:W!!)A!HFA@BAA;H!F>!2J=LG;?!P3!FG!FA!MFT;M:!GJ=G! u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d}!"!@;MMA!=>H!ABDA;NB;>G!A;@?;GFI>!IC!@:GITF>;AW!!+G!FA!LIAAFDM;!GJ=G!;]G?=@;MMBM=?!u7A:>!GJ=G!FA!;FGJ;?!?;M;=A;H!C?IE!@;MMA!I?!L?;A;>G!F>!K;AF@M;A!E=:!D;!G=T;>!BL!D:! EF@?IGI!AE=MM!L;LGFH;A3!=>H!L?;A;>G;H!I>!GJ;!@;MM!AB?C=@;W!!+>H;;H3!=!?;@;>G!L=L;?!D:!-BMX;?!;G!=MW!H;EI>AG?=G;H!GJ=G!"7@;MMA!FAIM=G;H!C?IE!&5!L=GF;>GA!?;@I<>FX;!u7A:>7H;?FK;H!L;LGFH;A!IC!r7RQ!=EF>I!=@FHA!C?IE!GYI!?;A\!GJ;!0`r!?;! U>;=?!AFG;A!@IEEI>M:!=AAI@F=G;H!YFGJ!<;>;GF@!CI?EA!IC!&5V!=>H!GJ;!-RPr!?;!UEIAG!@IEEI>!;LFGIL;!CIB>H!F>!*;Y:!DIHF;AV!idjW!!2IMM;@GFK;M:3!GJ;F?!?;ABMGA!H;EI>AG?=G;!=>!FEEB>;!?;ALI>A;!F>FGF=G;H!D:!25d}!"7@;MMA!A;@?;GF>H!+6,7c!=A!Y;MM!=A!25S}!"7@;MMA!A;@?;GF>!=BGIFEEB>;!HFA;=A;W!!#IY;K;?3!FG!AJIBMH!D;!>IG;H!GJ=G!GJ;!A=ELM;!AFX;!CI?!GJFA!AGBH:!U,—^oV!Y=A!AE=MM!=>H! GJ;!?;ABMGA!Y=??=>G!?;LMF@=GFI>W!!)HHFGFI>=MM:3!=!?;@;>G!AGBH:!D:!8BAG?FEIKF@!;G!=MW! H;EI>AG?=G;!=>!F>@?;=A;H!L?ILI?GFI>!IC!25d}!"!M:ELJI@:G;A!GI!GJ;!L?IF>CM=EE=GI?:3!"JR!ABDA;G3!YJF@J!A;@?;G;!+6,7c!=>H!",63!=>H!H;@?;=A;A!F>!=>GF7F>CM=EE=GI?:!25d}!"JP!M:ELJI@:G;A!F>!DIGJ!H?B=aK;!=>H!E;HF@=G;H!&5!L=GF;>GA3!CB?GJ;?!M;>HF>FG:!FA!F>KIMK;H!F>!GJ;!L=GJI<;>;AFA!IC!&5iejW!!+>!GJ;!@I>G;]G!IC!GJ;!&66!EIH;M3!Y;!F>K;AGF<=G;H!GJ;!L?;A;>@;!IC!25d}!"7@;MMA!F>!GJ;!-,!=G!P!EI>GJA!LWFW!YJ;>!L-:>!F>@MBAFI>!>BED;?!=>H!%#27++!;]L?;AAF>BED;?A!=?;!JF!GJ;!-,!BAF>IJFAGI@J;EFAG?:!=>H!("7&2(!C=FM;H!GI!H;EI>AG?=G;!=!AF<>FCF@=>G!HFCC;?;>@;!F>!!)*%!JGi!<;>;!;]L?;AAFI>!C?IE!@I>G?IM!=>FE=MA3!=MGJIBH;?LIY;?;HW!! *=@T!IC!25d!F>!GJ;!L=?;>@J:E=!F>!GJ;!&66!EIH;M!E=:!AG;E!C?IE!A;K;?=M!K=?F=DM;AW!"J;! L?ILI?GFI>!IC!>F;B?I>A!LI AA;AAF>!=<H!GJ;! AFEFM=?!L;?@;>G=<;!GJ=G!H;<;>;?=G;!IK;?!^!EI>GJA!E=:!>IG!E;;G!GJ;!GJ?;AJIMH!IC!%#2 7++!;]L?;AAFI>!M;K;MA!=>HbI?!>F;?=GFI>!?;NBF?;H!GI!F>FGF=G;!=!CBMM!FEEB>;! ?;ALI>A;W!-;@I>H3!GJ;! 2*!#0!' !G;ELI?= M!>=GB?;!IC!GJ;!EIH;M!E=:!AFEFM=?M:!>IG!L?IL;?M:! =@GFK=G;!GJ;!FEEB>;!A:AG;E!GI!FGA!CBMM!LIG;>GF=MW!+>!@I>G?=AG3!" 7@;MMA!J=K;!D;;>!IDA;?K;H! F>!GJ;!L=?;>@J:E=!IC!IGJ;?!&5!=>FE=M!EIH;MA!F>HB@;H!D:!>;B?IGI]F@=>G! i^3!oj!I?!))p 7E;HF=G;H!IK;?;]L?;AAFI>! iS3!rj!IC!u7A:>3!EIH;MA!F>!YJF@J!F>CM=EE=GFI>!FA!MFT;M:!=?GFCF@F=M! =>H!H;<;>;?=GFI>!?;=@J;A!=!E=<>FGBH;!IC!{eQz!IK;?!=!K;?:!AJI?G!L;?FIH!UP 7S!Y;;TAVW! !)MG;?>=GFK;M:3!%#2 7++!;]L?;AAFI>!E=:!D;!F>HB@;H!D:! +6,7cW!!+>H;;H3!;]L;?FE;>GA!F>!)FE! P!H;EI>AG?=G;!=!LIAFGFK;!@I?? ;M=GFI>!D;GY;;>!+6,7c!F>!2-6!=>H!L-:>!F>@MBAFI>!MI=H!F>! GJ;!-,W!+G!FA!LIAAFDM;!GJ=G! +6,7c!A;@?;G;H!C?IE!" 7@;MMA!F>!GJ;!2-6!E=:!<=F>!;>G?:!F>GI!GJ;! L=?;>@J:E=!FC!GJ;!...!FA!H:ACB>@GFI>=M3!JIY;K;?!...!L;?E;=DFMFG:!F>!GJ;!&66!EIH;M!=G! GJFA!GFE;!LIF>G!FA!B>T>I Y>W!-JIBMH! +6,7c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b4('!Y;?;!IDA;?K;H !F>!2-6!=>H!LM=AE=! C?IE!>=aK;!?=GA!=G!PQ!EI>GJA!IC!=<;3!DBG!>IG!:IB>H!EFHHM;! =<;H!?=GA W!!6IMMIY7BL!;]L;?FE;>GA!F>K;AGF<=GF>!>=aK;!?=GA!HB?F>I?E=M! =H!PV!@;M MBM=?!AIB?@;A!IC!",6!=>H!82b4('!YFMM!L?IKFH;!F>AFGI!GJ;!I?F!IC! GJ;A;!@:GITF>;AW! "J;A;!CF>HF>G!GI!GJ;!@I>@;LG!GJ=G!=<;!FA!=! E=ZI?!?FAT!C=@GI?!CI?!E=>:!>;B?IH;<;>;?=GFK;!HFA;=A;A3!=>H!F>@?;=A;H!L;?E;=DFMFG:!IC! GJ;!DMIIH!D?=F>!D=??F;?!HB;!GI!F>CM=EE=GI?:!@:GITF>;!A;@?;GFI>!E=:!LM=:!=!?IM;!F>!HFA;=A;! F>FGF=GFI>W!!!!+>!=>FE=MA!F>Z;@G;H!YFGJ! u7A:>!&66A3!Y;!IDA;?K;!>I! IK;?=MM! @;A!F>! @:GITF>;A!D;GY;;>!&.-!=>H!&66!F>Z;@G;H!=>FE=MA!=G!P!EI>GJA!LWFW3!JIY;K;?3!GJFA!FA! MFT;M:!HB;!GI!K=?F=DFMFG:!IC!L-:>!F>@MBAFI>!DB?H;>3!?;<=?HM;AA!IC!GIG=M!=EIB>G!IC!L?IG;F>! F>Z;@G;HW!/;!H;EI>AG?=G;!AF<>FCF@=>G!@I??;M=GFI>A!D;GY;;>!>BED;?!IC!L-:>!F>@MBAFI>A! =>H!M;K;MA!IC!+6, 7!!=>H!",6!EI>GJA!L?FI?!GI!H;<;>;?=GFI>3!=>H!AF<>FCF@=>GM:!F>@?;= A;H! L?IF>CM=EE=GI?:!@:GITF>;!+* 7^!L?FI?!GI!H;<;>;?=GFI>W!)G!^!EI>GJA!LWFW3!+* 7e3!",63!=>H!82b4('!Y;?;!AF<>FCF@=>GM:!;M;K=G;H!F>!&66 7F>Z;@G;H!=>FE=MA!@IEL=?;H!GI!&.- 7F>Z;@G;H! @I>G?IMA3!AB<<;AGF> !I?!E=<>FGBH;! IC!L=GJIMI<:3!I?!DIGJ3 !E=:! D;!FELI?G=>G!F>!F>HB@F>!IC!@:GITF>;A!GJ=G!=?;!H;G;@G=DM;!F>!DFICMBFHAW! +>!LM=AE=3! I>M:!+* 7^!Y=A!AF<>FCF@=>GM:!F>@?;=A;H!=G!^!EI>GJA!LWFW3!YJF@J!FA!B>AB?L?FAF>!GJ=G! LM=AE=!FA!C=?GJ;?!?;EIK;H!C?IE!@J=><;A!J=LL;>F>!GJ;!2,-W !#IY;K;?3!GJ ;!@;MM 7AL;@FCF@!I?F!IC!@:GITF>;!F>@?;=A;A!IDA;?K;H!?;E=F>A!B>@M;=?\!'>;!J:LIGJ;AFA!FA!GJ=G! !)*+!@:GITF>;A!Y;!IDA;?K;!=G!;=?M:!GFE;!LIF>GA!U",63!+6,7cV!=?;!I?F=GF>!GJ;!2-6W!+G!FA!=MAI!LIAAFDM;!GJ=G!GJ;A;!@:GITF>;A!I?F=G;!C?IE!!GJ;!2,-!=>H!=?;!M;=TF>GI!GJ;!2-6!HB;!GI!H;@?;=A;H!...!F>G;GFC:F>AFDM;!CI?!A;@?;GF>CM=EE=GI?:!@:GITF>;A!E=:! ?;L?;A;>G!=!GJ;?=L;BGF@!G=?<;GW!2IMM;@GFK;M:3!GJ;A;!?;ABMGA!AB<<;AG!GJ=G!YJFM;!AL;@FCF@!F>CM=EE=GI?:!@:GITF>;A!E=:!D;!=AAI@F=G;H!YFGJ!A:>B@M;F>IL=GJ:!;=?M:!F>!HFA;=A;3!=!@;?G=F>!GJ?;AJIMH!EBAG!D;!E;G!CI?! GJ;A;!=AAI@F=GFI>A!GI!D;!H;G;@G;HW!!6?IE!=!G?=>AM=GFI>=M!L;?AL;@GFK;3!E;=AB?;E;>G!IC!u7A:>!=>HbI?!L-:>!@I>@B??;>GM:!YFGJ!@:GITF>;A!FA!@?B@F=M!GI!IDA;?KF>G!=D;??=GFI>A!F>!;=?M:!HFA;=A;!AG=<;A3!=A!K=?F=DFMFG:!YFMM!MFT;M:!E=AT!IK;?G!@;AW!!5E::9"$!'$7$9!#Q!49E:#?"QC7NN7$?#"!?"!HEN7"!=BGM:3!R`!@MF>F@=M!G?F=MA!=?;!I>IAGF@!GIIMA!GI!H;G;@G!=!&=?TF>AI>9A!AL;@FCF@!F>CM=EE=GI?:!AF<>=GB?;!KF=!FE=<3! DFICMBFHA3!=>H!D?;=GJ!@IMM;@GFI>!iRQj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iAB@@;AACBMM:j!G=?<;GF>CM=EE=GFI>!F>!JBE=>!&5W !!*E$E:9!B?:9F$?#"@ !!L+'&$+4$!.,*+17,&.$-"$<)) E-"#01&#$.7"01'&-"+6!,97>$-"4'!55!,-+">$!"#$"-2*!'$ #&2&"&*!,-+" $$/JFM;!EF@?IG!GJ;!E=F>!FEEB>;!;CC;@GI?!@;MMA!IC!GJ;!2,-3!GJ;:!HI!>IG!=@G! =MI>;3!?=GJ;?3!EF@?I!@I>@;?G!YFGJ!=AG?I@:G;A!=>H!>;B?I>A!GI!E=F>G=F>! JIE;IAG=AFAW!!)MGJIB!GJ;F?!EF@?IG;?L=?GA3!E=?T;?A!IC! ?;= @GFK;!=AG?I@:G;A!=>H!IDA;?K=GFI>A!IC!=AG?I@:G;A!@I>G=F>F>!J=K;!D;;>! HI@BE;>G;H!F>!JBE=>!&5!GFAAB;! iRR3!RPj3!AL;@FCF@=MM:!F>!L=?=MM;M!YFGJ!H;K;MILE;>G!IC! @I?GF@=M!*;Y:!L=GJIMI<:W!!(;@;>G!AGBHF;A!J=K;!FELMF@=G;H!GJ=G!EF@?ICM=EE=GI? :!@:GITF>;A!F>@MBHF>G;?M;BTF> 7R!=MLJ=!U+* 7RuV!=>H!@IELM;E;>G!R! N7ABD@IELI>;>G!U2RNV!F>HB@;!=AG?I@:G;A!GI!MIA;!GJ;F?!LJ=H!A:>=LA; 7E=F>G=F>F>@GFI>!U)R!LJ;>IG:L;V! iR`jW!!2I>HFGFI>;H!E;HF=!C?IE!)R!=AG?I@:G;A! F>HB@;H!D:!L?IF>CM=EE=GI?:!E F@?I!H;EI>AG?=G;H!GI!F>HB@;!=LILGIAFA!IC! >I>7E:;MF>=GF>H?I@:G;A!=>H!AL;@FCF@!ABDLILBM=GFI>A!IC!>;B?I>A3!F>@MBHF>;?;B?I>A!GJ?IB!IC!AIMBDM;!C=@GI?AW!!+>G;?;AGF>@;!IC! !)*-!EF@?IHB@GFI>!IC! )R!=AG?I@:G;A! -"$=-=+ !CIMMIYF>Z;@GFI>!IC!*&-3! AB<<;AGF>IG:L;!Y=A!AJIY>!GI!D;!>;B?IL?IG;@GFK;!F>!&66!=>H!G?=>A<;>F@! EIBA;!EIH;MA!IC!&5! iRdjW!!)!MFEFG =GFI>!IC!GJ;A;!HFAA;?G=GFI>!;]L;?FE;>GA!FA!GJ=G!Y;!HFH!>IG!@J=?=@G;?FX;!=AG?I@:G;! LJ;>IG:L;!HB?F>B@M;F>IL=GJ:W!!(;@;>G!AGBHF;A!J=K;!H;EI>AG?=G;H!=!R\R!?=GFI! IC!EF@?I!GJ;!-,?3!JIE;!GI!I>;!IC!GJ;!H;>A;AG!LILBM=GFI>A!IC!!GJ;!D?=F>! iRej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k5I!EF@?I;?=GFI>l!AGFMM!?;E=F>A! B>=>AY;?;HW!!/JFM;!&66 7A;;H;H!L-:>!F>@MBAFI>A!@=>!F>HB@;!@;MM!H;=GJ!F>!=DA;>@;!IC! EF@?IIG!?BM;!IBG!GJ;!LIAAFDFMFG:!GJ=G!EF@?I!=! @J?I >F@! L?IF>CM=EE=GI?:!AG=G;!E=:!=@@;M;?=G;! I?!;]=@;?D=G;! @;MM!H;=GJW!+>H;;H3!L?;KFIBA! )+.!EIH;MA!H;EI>AG?=G;!GJ=G!F>CM=EE=GFI>!@=>!=@@;M;?=G;!H;<;>;?=GFI>!F>!u7A:>!IK;?;]L?;AAFI>!EIH;MA!IK;?!u7A:>!I?!F>CM=EE=GFI>!=MI>;3!AB<<;AGF>;?AJFLW!!!"I!HF?;@GM:!=>AY;?!GJFA!NB;AGFI>3!CBGB?;!AGBHF;A!;ELMI:F>:!AGFEBM=GF>JFDFGI?A!@IBMH!D;!BA;HW!!%F@?I:7AGFEBM=GF>!IC!2-6R(!?;GF=GFI>!=>H!L?IMFC;?=GFI>!iR^3!RojW!(;@;>G!AGBHF;A!BAF>JFDFGI?A!U&M;]]FTI>3!+>@WV!?;K;=M;H!GJ=G!EF@?I!D;!;MFEF>=G;H!C?IE!GJ;!EIBA;!D?=F>!U|rrzV!F>!`!Y;;TA! YFGJIBG!=>:!H;G;@G=DM;!=HK;?A;!AFH;!;CC;@GA!F>!D?=F>!KIMBE;!I?!@I<>FGFK;!CB>@GFI>!iR^jW!+>!=HHFGFI>3!2-6R(!F>JFDFGFI>!?;ABMG;H!F>!H;@?;=A;H!F>CM=EE=GI?:!<;>;!;]L?;AAFI>! CIMMIYF>Z;@GFI>!IC!GJ;!MFLILIM:A=@@J=?FH;!U*&-V!iR^jW!!%I?;IK;?3!2-6R(!F>JFDFGI?A!J=K;!?;@;>GM:!D;;>!BA;H!F>!EIBA;!EIH;MA!IC!)MXJ;FE;?9A!HFA;=A;3!?;HB@F>FGFK;!H;CF@FGA!iRSjW!!2-6R(!F>JFDFGI?A!L?IKFH;!=!>IK;M!LJ=?E=@IMI!=@@BEBM=GFI>!IC![7A:>!=<H!?;ABMGF>F;?=GFI>W!(;@;>GM:3!&*v``ro!J=A!D;;>!AJIY>!GI!@?IAA!GJ;!?=G!...!iRrjW!!+H;=MM:3!AGBHF;A!F>K;AGF<=GF>!F>!GJ;!@I>G;]G!IC!A:>B@M;F>IL=GJ:!AJIBMH!D;!@I>HB@G;H!F>!?=G3!!GJ=G!GJ;!A:AG;E=GF@!GFE;!@IB?A;!IC!L-:>!=@@BEBM=GFI>3! EF@?IH!H;<;>;?=GFI>!J=K;!=M?;=H:!D;;>!@I>HB@G;HW!!!"I!H;CF>FGFK;M:!H;G;?EF>;!GJ;!?IM;!IC!EF@?I!A:>B@M;F>IL=GJ:!F>HB@;H!H;<;>;?=GFI>3!H;LM;GFI>!IC!|rr7RQQz!FA!>;@;AA=?:!D;>F>Z;@GFI>!IC!&66AW!+G!FA!LIAAFDM;!GJ=G! EF@?I!YFMM!FEL=?G!>;B?IL?IG;@GFI>!DBG!=MAI!JF!E=:!=@@;M;?=G;!=>H!=BG!H;<;>;?=GFI>3!=A!EF@?I;@;AA=?:!F>! LJ=H!E=F>G=F>F>MFT;M:!GJ=G!2-6R(!F>JFDFGI?A!@I>AGFGBG;!=!K=MFH!GJ;?=L;BGF@!CI?!&53!=A!C;Y!AGBHF;A!J=K;! ;]=EF>;H!GJ;! MI><7G;?E!;CC;@GA!IC!EF@?I3!;AL;@F=MM:!F>!=>!=<;H! ;>KF?I>E;>GW!!,I>;GJ;M;AA3!@IELM;G;!EF@?I!YFMM!L?IKFH;!H;CF>FGFK;! ;KFH;>@;!=A!GI!YJ;GJ;?!EF@?IG?FDBGI?!GI!H;<;>;?=GFI>W !!"d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f!,;B?IF>CM=EE=GFI>3!PQQeW! J\!LW!RdW!PW!-LFMM;?3!8W*W3!;G!=MW3! Q9&$*+'&$+4$5!1*+69!2&$69&"+,76&$-"$=!.10'!*-b!,-+"$+4$,-..0&$ &"2-"&&*-"2$.1!44+'#.( !.FIE=G;?F=MA3!PQRdW! KZUReV\!LW!ddoo 7SSW!`W!fFE;>;X 76;??;? 3!+W3!;G!=MW3!K''&'-1$#-44&*&"1&$-"$D91N,!$1+"4&*.$!',&*&#$5-1*+2'-!'$ !1,-=!,-+"$!"#$.0.1&6,-@-'-,7$,+$o E.7"01'&-" E-"#01&#$#+6!5-"&*2-1$ "&0*+#&2&"&*!,-+"( !,;B?IDFIMI<:!IC!5FA;=A;3!PQRoW! ;a[\!LW!Por7PrQW!dW!-BMX;?3!5W3!;G!=MW3! Q$1&''.$4*+5$6!,-&",.$%-,9$ =M!IC!,;B?IF>CM=EE=GFI>3!PQRSW! ;Z\!LW!PQeW!^W!4I>X‹M;X3!#W3!;G!=MW3! G+6!5-"&$L&1&6,+*$G\$8C6*&..&#$+"$ JGiu',?.06u2,?ju',?h.06u2,?$Q$J&''.$)!=+*.$/&0*+#&2&"&*!,-+"$+4$G+6!5-"&*2-1$ /&0*+".$#0*-"2$=M!IC!+EEB>IMI<:3!PQR`W! ;`aURQV\! LW!eQdSW!oW!%=?GF>3!#W*W3!;G!=MW3! 8=-#&"1&$4+*$!$*+'&$+4$!#!6,-=&$-550"&$*&.6+".&$-"$,9&$ #-.&!.&$6!,9+2&"&.-.$+4$,9&$D=M!)@=H;E:!IC!-@F;>@;A3!PQRoW! ;;M\!LW!$SPSd 7$SPr`W !rW!-=>@J;X 74B=Z=?HI3!pW3!;G!=MW3! D-1*+2'-!$!1Y0-*&$#-.,-"1,$ !1,-=!,-+"$6*+4-'&.$ #&6&"#-"2$+"$,9&$#&2*&&$+4$!'69! E.7"01'&-"$"&0*+6!,9+'+27$-"$!$*KKc$@!.&#$ 5+#&'$+4$;3!PQRQW! ZURV\!LW!;SoSdW !RQW!2MF>F@=M"?F=MAW;! Poj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oW!`ZUPV\!LW!`dR7`e^W;^WR^W$MEI?;3!%W(W3!;G!=MW3!J+'+"7E.,-50'!,-"2$4!1,+*$S$*&1&6,+*$.-2"!'-"2$-.$"&1&..!*7 4+*$5-1*+2'-!$=-!@-'-,7>$0"5!.;-"2$!$5-1*+2'-!$6*+2&"-,+*$1&''$-"$,9&$!#0',$@*!-"(,;B?I>3!PQRdW!OJUPV\!LW!`SQ7roWRoW#=EFMGI>3!fW)W!=>H!)W!)@JBGJ=>3!J+'+"7$.,-50'!,-"2$4!1,+*.$!"#$57&'+-#$1&''@-+'+27$-"$9&!',9$!"#$#-.&!.&(!"?;>HA!+EEB>IM3!PQR`W!KMUPV\!LW!SR7rWRSW5=CM=EE=GFI>3!PQReW!;J\!LW!R`rWRrW.BGIYATF3!,W3!;G!=MW3!X*!''7$!#5-"-.,&*&#$1+'+"7$.,-50'!,-"2$4!1,+*$S$*&1&6,+*-"9-@-,+*$@IMI<:3!PQR^W!;OUdV\!LW!eeo7e^dW