H5B<][49 4181 C?>B1 G5H<9 89CC]C9 )929B F] *SB;SCD1> D]B]6<]B] =9AB1C9H1 5D49q
[7I_E[BK
'7H7GB_:_H A? 8K =ZD XKL7aB7H 7HI_D:7 O7O[_D EB7D acNI 7:B7H_D_D 8?H G?IC?
G7
KHH? 7:B7H_D_ JcAH7HB7O7D J;ECEH< 7:B7H:_H 'cIcBcD
-7LKaA7 XKL ¤ `7LKaA7 >KHH?BcH?D Cc>IKB:7HB_G Lc GcBc8c ?B7>cI?
.?Bc XKL ¤ .?BB7 "KHH?BcH?D a?CacA J7DH_I_ .;IIE87D_D :7D7 acAB?D:c JcIL?H
;:?BcD E[BK
/H;O XKL ¤ /H;O '?I?H >KHH? GEHKOK9K HK>K ]B7D A?C? JcIL?H ;:?B?H
`7C7AA7 XKL ¤ `;C?A; "KHH?BcH:c =ZDca J7DH_I_ Lc I >JJF 8KB=7H? ?IJEH?7
9EC 8EEAI,K 6'/,)06.,6#6"/0-"F:<
;BcB?ABc XKL7a JZHABcH?D?D c9:7B7H_ >;I78 ;:?BcD IKL7HB7H_D C?N? O7P_B7H:7
>7GB7H_D:7 IYP 7X_B7D IK87HB7H EB:K[K 7DB7a_B_H Lc EDB7H_D 7J7 OKH:KDKD `cHG?
D7:EBK EB:K[K 7DB7a_B_H
27J_HB7:7G A? 8cP? E[KP ;JDEGED?A HcL7OcJBcH?D:c E[KPB7H_D ?BA?D 7J7 OKH:K
A?C? N7J_HB7D7D Lc >7GG_D:7 7HJ_G IYP 7XC_a EB:K[KCKP c7D YBAcI? :c
G7H7G7BF7G ¤ COZJ;DBcH?D Lc YP8cA ¤ C7J?;DBcH?D cIA? 7J7 OKH:K '7DJ?;D7 :7 Cc>P
>cC?D cH7P?BcH? c>7Jc ;JC?a:?H )DK :7 N7J_HB7:7G A? IYPZ=;:cD cH7P? )IC7DB_
-c?IIcI? ?:? Lc O7BD_P 20B cIH:cD
;J?87HcD .ZHA?OcD?D JcHA?8?D:c:?H
-7N7 O7AKJB7H:7D JEFB7D7D 7P H7IJ =cB?DCcC?a:?H K IZ@;JBcH:cD cD O7O[_D_ aZ8>cI?P A? ¦bH -EGEJEN§
:7IJ7D_:_H YLHZCZPc:cA 8?H D;Xc L7H?7DJ:7 KB7a7D :7IJ7D_D '?::;D:EH<
L7H?7DJ_D_D CcPCKDK 8;Bc:?H
W
K=E:C ]G7FF]B P]9;7[ 2]@2:]@7 2] :/> P=E2C
\@]F23E a C@CF2/EPY :]?]07<7 D3@;7[:]@
-/:?YG F/[/2YUY<2/< = 03:] 23;7[:]@
7@ =0/ =@B/AY<2/ 0SFT9 07@ 3D7 D/@;Y[
C 3D7< 2S@2 F/
C 3D ]::7 ?/>Y:Y ?Y@E >]<1]@]:7 7;7[
D7< P/BYAY 7A] =BCG 57@7[:7 7;7[
D2]< 7P]@7 57@70 532]<:]@ []@? FS
U/1 ,/?/ @/AB:/@ 5]:]@;7[ :/> S
K=E ]A97 07@ ]A7
U/1 E/?/< 0SFT92T 6]@ [3F7< /
+/@:Y? = 0/U:YF2Y 5SF:] F3@ 07
S9:]@7 ?/>/2/@2Y F3@/:BY 2T
.7@D]A7 2]:]@27 5SFT< 2=??CG ?/BY
)/; F3227 /F/? 727 /U/1Y< F/@>/?:/@Y
$<2/< 2/6/ 0SFT92T A/@?/< ?=G/:/@Y
U/1Y< B/; 9S9T<2] 5S@T
]F/B ACFC 727 0C /EY0 5327@27 />/U
U D] ?/@/ 7<]9:]@ ?=>?=1/ =:;C[2C:/@
C AC2/< 7P]<:]@A] F3<7 1/< 0C:;C[2C:/@
U/12/ CP/< ?C[:/@ F=@UC< 07B/0 =:C@2C
]:70 0C AC2/< 7P]< F3<7 ?TDD]B 0C:C@2C
C ;T?]22]A /U/1Y< 07@ A/6707 D/@ 727
7@ 27[7 B/<@YP/F2Y A/P:/@Y 2/ ?/@ 727
MGT P=E ?=1/:;Y[2Y 9S9AT B/; /:/1/
S@]<:]@ A/@2Y 07@ 9]9:79 97;7 ?Y@1/
"];]:]@7 0SFT92T /[/UY A/::/
*G/?2/< 0/E/< /2/; 797 BC:C? A/
\A:7<2] 7A] 0C /U/1 /27 0=F2/ 97P7927
B/<@Y 5]:7<1] = = 5S@] 0SFT@2T
SFTF]@9]< A]A PE/@ 5C@C:BC ?=>/@2Y
C A]A F/D/[ F/D/[ 53B2791] P=E/:/@2Y
\@ (=?=B=E /2:Y ]@ F/:?YG F/[/F/< /2/;
-/9CB BT@9T<] 5S@] 0C 2/ 07@
T[T<;T[ b5S@]< ;]<7 97;:] 2=U2Cc 23F]
b"]<] 0C 1/
3B;7[ A=@;C[ /U/12/< b/; 97;27@c 23F]
b\:0]B 07@ /B/; D/@2Y@ /B/; 97;27@c 23F]
U/1 2/ 27:] 5]:70 A=FC
\@ (=?=B=E CB/
SF )/<@YAY \@ )=F=< =
@D/2Y T03F E/BC< =
\A:7<2] 7
+T1C2C 0TBT< ;T?]22]A:79:]@:] 2=>2=:C 7;7[
;;/ 5]:;7[ 07@ 5T< 97 23;7[ /B/ /
/F2Y 0C@2/< 3<70 53B B=>:/ 2/@/UY B/AY
7@ BC:C? 6]F/B ACFC BCB[2C@;C[ ]:7<]
3;7[ 97 A]< 0C ACFC A=: ?=:C /: 5]G27@
C A]<] 6]F/B D3@]@ D/EBY 5]:]1]927@
@/2/< G/;/< 93P;7[ 0C 7
]@0 ;3F2/
#31] =:;C[A/ 07@7 9S9AT
+3@;7[ A=< <]4]A7<7 6]F/BY A= F3B;7[
]F/B ACFC<2/< )/<@Y 07@1] 2/;1Y AYP@/B;Y[
7@ 97P7179 2/;1Y1Y? ?]:0] ?=
W
=??CG 2]4] 2/6/ 2/6/ P=E 5T1:T ?TDD]B:7 =:;C[ U=cB
bH -EGEJEN :7IJ7D_D_D cD O7Na_ CcJD? Cca>KH 7BC7D B?DGL?IJ? ) Y>JB?DG
JcHc;I78 ;:?B?H )DKD CcPCKDK 8;Bc:?H
b\@ (=?=B=E /2:Y 07@ /2/; D/@;Y[
F3@2];7 PYE2YUY
2S@2 53<7[ ?/@Y[ 07@ P7F<7<2]< 2] = 07@7 P7F<7<] ?]2]@ 03[ ?/@Y[ =:/@;Y[ &=::/@Y