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"BQNRRRDBSHNMNEHMSDQF@K@BSHBKHA@SHNMR

5GD&MCKDRR6MHUDQRDHR@FH@MSLDKSHMFONSNEBTKSTQDR@MCQ@BDRNMDHMDUHS@AKDQDRTKSNE
SGHRHRSGDU@RS@QQ@XNEV@XRHMVGHBGSGDU@QHNTRODNOKDR@LTRD DMSDQS@HM @MCHMDAQH@SD
SGDLRDKUDR8HSGRNL@MXCHRO@Q@SDBHUHKHY@SHNMRHMS@JHMFRNL@MXCHEEDQDMSENQLRNECQHMJ 
SGDF@K@BSHBATRHMDRRNEBQ@ESHMFBNBJS@HKRG@RADBNLD@O@RRHNMSG@SDWSDMCREQNLSGD
FKHSSDQHMFO@K@BDR@MCO@QSHDRNESGDVD@KSGHDRS-TLDQHRSNSGDLNRSHRNK@SDC@MCA@QQDM
$Q@UDQRDSSKDLDMSRNMOK@MDSRSG@S@QDQTMMHMFKNVNMQDRNTQBDR

5GDENKKNVHMFHR@O@RRHMFFK@MBD@SSGDU@RSKHRSNEADUDQ@FDRSG@SSGDF@K@BSHBONOTK@SHNM
5GD
TRDRSNQDK@W@MCBDKDAQ@SD8GHKDVDFHUDSGDNQHFHM@KQDBHOD HMD@BGB@RDVD@SSDLOSSN
@CC@M&@QSGU@QH@SHNMENQSGNRDVGNVHRGSN@SSDLOSSGDRDNBB@RHNM@KKXC@MFDQNTRSHOOKDR
%TDSNSGD4NOGNMNARDRRHNMVHSGHMSDKKDBST@KOQNVDRR SGDHQBNBJS@HKHRQHBGHMADQQXEQTHSR@MCBGDLHB@K@CCHSHUDRVGHBG
HLOQNUDBNFMHSHUDETMBSHNMR/NSD5GDSQ@CHSHNM@KUDQRHNMHRL@CDVHSGAHNCDFQ@C@AKDRNCHTLB@ORTKDRDMB@RDCHMHBDBTADR
HEXNTCNM_SCNVMHSPTHBJKXDMNTFG SGDCQHMJDWOKNCDR

B;8A91 ?;<4;: 1=A5B-81:@


NY LK
 4NLDSGHMFCHRSHKKDCHMSGDK@A -NMCNMCQXFHM
NY LK
"MXEQTHSITHBDVHSG@O)NE -DLNMITHBD
NY LK
 4TODQ/DTQNA@MF\"MSHBN'NQLTK@] #KTDBTQ@Œ@N
NY LK
 -TW/@@G@QK@L_R&KHWHQ .@Q@RBGHMNKHPTDTQ
 #KTDB@O.NKCATSSNMR #KTDADQQHDR
(@QMHRG RJDVDQDC1QNSNRONQD #KTDADQQHDR
 F@QMHRG

"CCAKTDADQQHDR AKTDBTQ@Œ@N @MCL@Q@RBGHMNKHPTDTQSNRG@JDQSHM


.TCCKDSGDL BQTRGSGDLSNFDSGDQVHSG@LTCCKDQRONNM 
 NSGDQAKTMSNAIDBS

 "CCFHM@MCHBD RG@JDUHFNQNTRKXRDBNMCR
 4SQ@HMHMSNBGHKKDCBNBJS@HKFK@RR
 (@QMHRGVHSGSGQDDAKTDADQQHDRNM@SNNSGOHBJ

/NSD*ETRHMFNQHFHM@KHMFQDCHDMSR CQHMJQ@OHCKXSN@UNHCCDSNM@SHNM
/NSD*ETRHMFNQHFHM@KHMF

+TRS@R$Q@UDQR@QDJMNVMSNUHDVOQDSSXLTBG@MXSGHMF@RENNC SGDXVHKK@KRNUHDVOQDSSXLTBG@MXSGHMF@R\CHRSHKK@AKD
HMSN@KBNGNK]5GDHQSQ@CHSHNM@KA@RDROHQHS \FGQ@@FG] BNMRHRSRNEGD@SHMF@MXNQF@MHBL@SSDQVHSGV@SDQ@MC@CCHMFDMNTFG
XD@RSRNSG@SRNLDSGHMFHMSDQDRSHMFG@OODMR"RNSGDQTRDRNEFGQ@@FGHMBKTCDRSQHOOHMFO@HMS@MCATHKCHMF*&%_R VDOQDEDQ
HM SGD HMSDQDRS NE OTAKHB R@EDSX
 SN QDBNLLDMC RHLOKD UNCJ@ 5GD CQHMJ HSRDKE  HM HSR &@QSG UDQRHNM  AQHMFR A@BJ SGD
OQDEDQQDCEK@UNQR @CCHSHUDR @MCBNKNQRNESGD$Q@UDQR4LNJD RSHLTK@MSR RTF@Q B@EEDHMD
@MCSGDQDCNEAKNNC

B;8A91 />-B1> 1=A5B-81:@


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C@RGDR "LNDA@NQ4DE@KNQNRAKNNC 1DXBG@TC_RAHSSDQR
 F@QMHRG

CQNOR
C )HRRGNAKNNC (QDM@CHMD
 F@QMHRG


'HKKFK@RRVHSGK@QFDHBDBTADR
 "CCEHQRSHMFQDCHDMSRRSHQUHFNQNTRKXTMSHKBGHKKDC
 "CCSGDFQDM@CHMD B@QDETKKXHSRGNTKCRHMJSNSGDANSSNLNESGD
  FK@RR
 \'KN@S]SGD1DXBG@TCNMSGDRTQE@BD

/NSD
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BGDVENQDWSQ@SDWSTQD

-@OR@MF4NNBGNVRXQTO.HWDPT@KO@QSRRSQNMF-@OR@MF4NNBGNVSD@@MCRTF@QRSHQNQRG@JDTMSHKRTF@QG@RCHRRNKUDC
5GDOQHL@QXHMSDQDRSHMSGHRBNBJS@HKENQSGD-TLDQHRHRSGDF@QMHRGNOTKDMBD@MCVD@KSG@QDHMCHB@SDCAXSGDU@KTDNE
SG@SVGHBGHRB@RT@KKXSGQNVM@V@X@ESDQSGDCQHMJHREHMHRGDC*ME@BS SGNTFG@C@L@MSH@MSNNSGOHBJR@MCIDVDKDMBQTRSDC
RVHYYKDRSHBJR@QDBNLLNM HMSDQF@K@BSHBBNBJS@HKDWODQS4HQ@/HMODQD@CUHRDRSG@SSGDSQ@CHSHNM@KKDLNMSVHRSHRE@QLNQD
OQ@BSHB@KrENQANSGOQDRDMS@SHNM @MCEK@UNQ

B;8A91 8A91>5? 1=A5B-81:@


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 .NRSDWODMRHUD3@UDHKNBNFM@B 3DONR@CNSDPTHK@
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  XNTB@MEHMC  NQ-HKKDS#K@MB
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.NRSDWODMRHUDL@Q@KWH@ 5QHOKDRDB $NHMSQD@T

 XNTB@MEHMC
NY .NRSDWODMRHUDRNKDQ@@FDC
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 NEATFO@QSR

C@RGDR
C .NRSDWODMRHUD.NMHKTEQTHSAHSSDQR (Q@ODEQTHSAHSSDQR
  XNTB@MEHMC
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 DWODMRHUD

"CC@KKHMFQDCHDMSRSNSGDLNRSDWODMRHUDLHWHMFFK@RRXNTB@MEHMC 
 @MC@CCSGDLNRSDWODMRHUDHBDXNTB@MEHMC
 4SHQTMSHKBNKC RDBNMCR
TRHMFSGDLNRSDWODMRHUD    
  A@QRONNMXNTB@MEHMC
 4SQ@HMHMSNSGDLNRSDWODMRHUDBNBJS@HKFK@RRXNTB@MEHMC
 (@QMHRG OKD@RD VHSGITRS@KDLNMSVHRS DWOQDRRNUDQCQHMJ SGDM
  CQNOHM


5GNTFGSGD$GTQBGENQAHCRNUDQHMCTKFDMBD SGDL@HMQD@RNMLNRS7NCX@MHR@QDMNMCQHMJDQRHRSG@S
SGDXCNMNSG@UDLNTSGRNQCHFDRSHUDRXRSDLR"R@QDRTKS SGHRBNBJS@HKSDMCRSNADSGDNMDCQTMJAX
CHOKNL@SR@MCFTDRSRVGDMUHRHSHMFVHSG7NCX@MHNQADHMFUHRHSDCAXSGDL

B;8A91 B;0E-:5 1=A5B-81:@


NY LK
 #KDRRDCDSG@MNK #K@BJUNCJ@
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 4HLOKDRXQTO
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 5Q@MRUHMDITHBD -HLDITHBD
NY LK
&RRDMBDNE&RRDMBD B@QANM@SDC (HMFDQADDQ
(@QMHRG $@Q@LDKHRDC7HQST@KHBNMR 0Q@MFDSVHRS

4G@JDEHQRSSGQDDHMFQDCHDMSRVHSGHBDRDBNMCRTMSHKVDKK 
 BGHKKDC
4SQ@HMHMSNS@KKFK@RREHKKDCVHSGHBDBTADR %TRSHLOQDFM@SDCHBD 
 HEONRRHAKD

5NOVHSGFHMFDQADDQ
$TSK@QFDOHDBDNENQ@MFDQHMC@MCRG@ODHMSN@QJRG@ODCSQH@MFKD
&WOQDRRNQ@MFDSVHRSNUDQCQHMJ OTRGCNVMRHCDNEFK@RRRNHS
&WO 
 QDL@HMRUHRHAKD


4HLOKDRXQTOBNLAHMDDPT@KVDHFGSRNERTF@Q@MCV@SDQ
 GD@SNQRG@JDTMSHKRTF@QHRCHRRNKUDC
" CQHMJ SN R@KTSD SGD EHMDRS GDQNDR NE SGD FKNQHNTR 6MHSDC &LOHQDrSGD 4GDQDCXM LHKHS@QX 8HSG &LODQNQ ;DKDU@R_ EHMD
DMINXLDMSNESGDBNBJS@HKL@JHMFHS@MDLOHQDE@UNQHSDQDF@QCKDRRNERDSSHMF HSRGNTKCADMNSDCSG@SSGDL@MMDQHMVGHBG
NMDSN@RSR@MCCQHMJRSGHRSHOOKDB@MNESDMAD@MHMCHB@SNQNE@BHSHYDM_RO@SQHNSHBEDQUNQ

B;8A91 A:5@1019<5>1 1=A5B-81:@


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 ;DKDU@R_90'HMDRS(HM %QXFHM
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S@AKDRONNMR %HRRHCDMSR_%QD@LR BQTRGDC
$QTRGDCONLDFQ@M@SD
   RDDCR
C@RGDR 3DADKR5D@QR @U@HK@AKDNM3@H@NMKX
 3GTA@QAAHSSDQR
(@QMHRG
(@QMHRG 4GDQDCXMONOOHDR
4GD #Q@MCHDCBGDQQHDR
#

"CCEHQRSSGQDDHMFQDCHDMSRSNRG@JDQSHM
"CCHBD@MCRDDCR RG@JDENQRDBNMCR@RHE
 Q@KKXHMF@MDKHSD4GDQDCXMTMHSEHFGSHMF       
 HMRTQLNTMS@AKDNCCR
4SQ@HMHMSNBGHKKDCBNBJS@HKFK@RRVGHKDK@TFGHMF  
 L@MH@B@KKX
5NOVHSGAHSSDQR EDDKHMFRLTF

(@QMHRGVHSGBGDQQHDRNM@FNKCSNNSGOHBJ
8GHKDSGDCQHMJB@KKDC\5GD1DQEDBS]B@MADNQCDQDCHM@MXBNBJS@HKA@Q KNTMFD NQBKTA@MXVGDQDHMSGDDLOHQD SGDRDR@LD
DRS@AKHRGLDMSRG@UDKHUDLDMTR@RSGDCQHMJBG@MFDRDUDQXEDVLHMTSDRCDODMCHMFNMVG@SHRHME@RGHNMHMSDQLRNEBNKNQ 
RSXKD EK@UNQ RG@ODNEFK@RR DSBDSBDSB5GHRO@QSHBTK@QQDBHODHRMNSDVNQSGXENQG@UHMFRS@XDCHMRSXKDENQNUDQDHFGSX
BNMRDBTSHUDLHMTSDR CTQHMFVGHBG)DCQ@MJHSSVHBD

B;8A91 4;>-@5; 1=A5B-81:@


NY LK
 ,@KFDQNRINXITHBD 4HLOKDRXQTO
 \/DKKX_R$GNHBD]HEXNTB@MEHMCHS

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 @SKD@RSXD@QR OQDEDQ@AKX
  \;MTE5NHJ]

C@RGDR &WSQ@BSNE/HQHRG@K@L@MF@SJDKO "MFNRSTQ@AHSSDQR


NY LK

NY LK
0LNJNQOQNRRB@\$TU@C@.@FM@S@] $G@LO@FMD
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.HMSKD@U
 FNKCEK@JD

"CCEHQRSSGQDDHMFQDCHDMSRSNBNBJS@HKRG@JDQ@MCLTCCKDSN
 QDKD@RDKD@ENHKR
 "CCMDWSSVNHMFQDCHDMSR@MCHBDRG@JDRDBNMCRTMSHKVDKK
 BGHKKDC
 'HMDRSQ@HM TRD@UDQXEHMDRHDUD
HMSNBNBJS@HKFK@RR
 5NOVHSGBG@LO@FMD
 (@QMHRGVHSGLHMSKD@UDR@MCFNKCEK@JD

/NSD&UDQXRSDOLTRSADDWDBTSDCODQEDBSKX
8G@SB@MNMDR@X "CQHESHM@CHLDMRHNMSG@SSNQSTQDRSGDL BTSNEEEQNLSGDHQRNBHDSX@MCSGDHQGHRSNQXÂ5GD3HESANQM
BNBJS@HKHRMDBDRR@QHKXRSQNMF @MCLDK@MBGNKX

B;8A91 >52@.;>: 1=A5B-81:@


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 %HRSHKKDCSD@QRNEENQKNQM 7NCJ@
 3HESANQM
NY LK
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 RPTDDYDCCQX
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7@MFT@QCEKNVDQR BQTRGDC  :DKKNV$G@QSQDTRD
 KHJDSGDHQGNODR
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"AHSSDQBNMBNBSHNMRB -DLNMAHSSDQR
 EQNLSGDRBNQBGL@QJRNMSGDHQ
 EK@FRGHO
(@QMHRG "CDRRDQSEQNLGNLD SG@SMNV $NBJS@HKNMHNMR
S@RSDRNE@BHC@MCR@KS

"CCEHQRSENTQHMFQDCHDMSRSN@LHWHMFFK@RR
 4SHQ VGHKDRHFGHMFHM@LDK@MBGNKXL@MMDQ4GNTKCDWSQ@SD@QRE@KK
  HMSGDFK@RR SG@SHR@OKTR
 4SQ@HMHMSN@BGHKKDCBNBJS@HKFK@RR
 5NOVHSGSNNMHNMR5GDNMHNMRRGNTKCVDRJDVDQDC KHJDXNTQ
  CQD@LR

0J@X HS_R@BST@KKXBNMCDMR@SHNM ATS\SD@QR]RNTMCRRNLTBGADSSDQ


/NSADHMF@BTKSTQDNEEK@LANX@MBDNQDWBDRRNQ EQ@MJKX DUDM@KBNGNKHBHMETRDCNBB@RHNMR SGDBKNRDRSSGD6ME@KKDMBNLD
SN@BNBJS@HKHRSGDEHDQXBNMBNBSHNMSG@SL@QJR@M6ME@KKDM_RSQ@MRHSHNMEQNLHLLNAHKD'HQRSSNTOQNNSDC4DBNMC6ONM
DWODQHDMBHMF SGD HMSDMRD ATQMHMF RDMR@SHNMr@ RXLANKHB QDOQHR@K NE SGD NQHFHM@K EHQD SG@S KDC SN KHEDrSGD 4DBNMC HR
BNMRHCDQDCQD@CXSNKD@UDSGDHQGNLDFQNUD

B;8A91 A:2-881: 1=A5B-81:@


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 'HQDV@SDQ 4BNSBG
NY LK
"RGQ@HM *RK@XRBNSBG
  RLNJX OD@SX

NY LK
4OHJDCLDQBTQX $XM@Q
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(@QMHRG $G@QBN@KDCEHQDKHY@QCR #TQMSQNRDL@QXSVHF

"CCEHQRSSGQDDHMFQDCHDMSRSNBNBJS@HKRG@JDQ
4G@JD HM@OD@BDETKL@MMDQ ENQRDBNMCRTMSHKVDKKLHWDC
1NTQHMSNBNBJS@HKFK@RRVGHKDQDEKDBSHMFNMF@K@BSHBG@QLNMX
$@QDETKKXrUDQXB@QDETKKXrROQHMJKDVHSGSGDS@AKDRONNMHMFQDCHDMS
(@QMHRGVHSGATQMSQNRDL@QXSVHF
5GD 7@TKSDQR @QD MNS @ ODNOKD SN FDS HMUNKUDC HM DK@ANQ@SD
BDQDLNMHDR@MCE@MBX FTRRHDCTOCQHMJR8GDMSGDXCNM_SCQHMJ 
SGDX@QDG@QC@SVNQJVGDMSGDXCQHMJ SGDXS@JDHSRDQHNTRKX
5GHRHRNMDNESGDE@UNQHSDRNESGD7@TKSDQBQDVR"RSHEERGNS 
KHJDKXSGDEHQRSNEL@MX

B;8A91 B-A8@1> 1=A5B-81:@


NY LK
 %HRSHKKDCROHQHS BNKNQDCVHSG #K@BJUNCJ@
 AK@BJ\4G™RG]KHBGDMREQNL"TQHF@
NY LK
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 L@QHM@SDCHMRTF@Q@MCROHBD  NQ%Q@LATHD


-@XDQSGDLHM@RGNSFK@RR@MCCQHMJHS
 3DOD@STMSHKTM@AKDSNONTQ
5GD)HRRGNCNMNSO@QSHBTK@QKXDMINXRSQNMFCQHMJSGDXCNMNSKHJDSNAD
NTSNEBNMSQNKNQEDDKSG@SSGDXG@UDKNRSSGDHQDCFDNQ@QDTMOQDO@QDC
'NQSGHRQD@RNM DUDMSGDHQ\KDSXNTQED@SGDQRCNVM]CQHMJHMFDUDMHMFRSDMC
SN BDMSDQ @QNTMC KNVDQ "#7 BNMBNBSHNMR 5GHR NMD  @ OTQD  BNKNQKDRR
BNLAHM@SHNMNESQ@CHSHNM@K@KBNGNKR HRRDQUDC@MCDMINXDCENQL@KKX@MCVHSG
FQD@SCDBNQTL

B;8A91 45??4; 1=A5B-81:@


NY 5Q@CHSHNM@KQHBDVHMD 4@J
 LK

NY LK
%HRSHKKDC4TODQROTCDWSQ@BSVHSG -NMCNMCQXFHM
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 LK

(@QMHRG 4KHBDNEJ@OTKH %QHDCBGDQQXRKHBD

4SHQEHQRSSGQDDHMFQDCHDMSRHM@LHWHMFFK@RRVHSGHBD
 1NTQHMSNBGHKKDCBNBJS@HKFK@RR
 (@QMHRGVHSG@AKNNCQDCRKHBDNECQHDCBGDQQX

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