RVWRXQJUV\QGURPRNDUSLDLR\VZOKQD

ǺĮıȓȜİȚȠȢĭȦIJȩʌȠȣȜȠȢ

ȈȪȞįȡȠȝȠȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮİȓȞĮȚȘĮıșȑȞİȚĮIJȠȣ
ȣʌȠȜȠȖȚıIJȒ

ƵNJdžǀǎǂNJǕǐƴǞǎDžǒǐǍǐƬǂǒǑNJǂǀǐǖƴǚnjƿǎǂ
ȉȠȈȪȞįȡȠȝȠȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮİȓȞĮȚȝȚĮİʌȫįȣȞȘıIJĮįȚĮțȐİʌȚįİȚȞȠȪȝİȞȘ
țĮIJȐıIJĮıȘıIJȠȤȑȡȚȘȠʌȠȓĮʌȡȠțĮȜİȓIJĮȚĮʌȩʌȓİıȘIJȠȣȝȑıȠȣȞİȪȡȠȣıIJȠȞ
țĮȡʌȩǹʌȠțĮȜİȓIJĮȚțĮȚ³ĮıșȑȞİȚĮIJȠȣȣʌȠȜȠȖȚıIJȒ´țĮșȫȢșİȦȡİȓIJĮȚȩIJȚʌȜȒIJIJİȚ
ʌİȡȚııȩIJİȡȠȩıȠȣȢȤȡȘıȚȝȠʌȠȚȠȪȞȖȚĮȫȡİȢIJȠʌȜȘțIJȡȠȜȩȖȚȠȍıIJȩıȠȞİȩIJİȡĮ
įİįȠȝȑȞĮįİȓȤȞȠȣȞȩIJȚțȐIJȚIJȑIJȠȚȠįİijĮȓȞİIJĮȚȞĮȚıȤȪİȚ

ȅțĮȡʌȚĮȓȠȢıȦȜȒȞĮȢİȓȞĮȚȝȚĮȠıIJİȠȧȞȫįȘȢıȒȡĮȖȖĮıIJȠȞțĮȡʌȩȂȑıĮĮʌȩ
ĮȣIJȒȞįȚȑȡȤȠȞIJĮȚȠȚțĮȝʌIJȒȡİȢIJȑȞȠȞIJİȢ ıIJȠıȪȞȠȜȠ țĮȚȑȞĮȞİȪȡȠIJȠȝȑıȠ
ȞİȪȡȠȉȠțȐIJȦȝȑȡȠȢĮȣIJȒȢIJȘȢıȒȡĮȖȖĮȢįȚĮȝȠȡijȫȞİIJĮȚĮʌȩIJĮȠıIJȐIJȠȣ
țĮȡʌȠȪǾȠȡȠijȒțĮȜȪʌIJİIJĮȚĮʌȩȝȚĮȚıȤȣȡȒIJĮȚȞȓĮıȣȞįİIJȚțȠȪȚıIJȠȪʌȠȣ
ȠȞȠȝȐȗİIJĮȚ©İȖțȐȡıȚȠȢıȪȞįİıȝȠȢIJȠȣțĮȡʌȠȪªȉȠȝȑıȠȞİȪȡȠıIJȘȞʌĮȜȐȝȘ
İȓȞĮȚțȣȡȓȦȢĮȚıșȘIJȚțȩȞİȪȡȠǻȓȞİȚĮȓıșȘıȘıIJȠȞĮȞIJȓȤİȚȡĮıIJȠįİȓțIJȘıIJȠȝȑıȠ
țĮȚıIJȠȒȝȚıȣIJȠȣʌĮȡȐȝİıȠȣįĮțIJȪȜȠȣȀȚȞȘIJȚțȐȞİȣȡȫȞİȚȝȑȡȠȢIJȦȞȝȣȫȞʌȠȣ
ȕȡȓıțȠȞIJĮȚıIJȘȕȐıȘIJȠȣĮȞIJȓȤİȚȡĮ IJȠșȑȞĮȡ 

ƲǐNJǂǕǂǂǀǕNJǂǕǐǖƴǖǎDžǒǝǍǐǖƬǂǒǑNJǂǀǐǖƴǚnjƿǎǂ
ȉȠȈȪȞįȡȠȝȠȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮİȓȞĮȚȝȚĮʌȡȠȠįİȣIJȚțȐİȟİȜȚııȩȝİȞȘʌȐșȘıȘ

ǾıȣȞȘșȑıIJİȡȘĮȚIJȓĮİȓȞĮȚȘʌȐȤȣȞıȘIJȠȣİȖțĮȡıȓȠȣıȣȞįȑıȝȠȣ ȘȠȡȠijȒIJȘȢ
ıȒȡĮȖȖĮȢ ȝİĮʌȠIJȑȜİıȝĮȞĮıIJİȞİȪİȚȠȤȫȡȠȢȝȑıĮĮʌȩIJȠȞȠʌȠȓȠįȚȑȡȤȠȞIJĮȚȠȚ
IJȑȞȠȞIJİȢțĮȚIJȠȞİȪȡȠ

DZȜȜȘĮȚIJȓĮIJȠȣıȣȞįȡȩȝȠȣİȓȞĮȚ ʌȚȠıʌȐȞȚĮȕȑȕĮȚĮ țȐʌȠȚȠȖȐȖȖȜȚȠİȞIJȩȢIJȘȢ

ıȒȡĮȖȖĮȢĮȣIJȒȢȈIJȘȞʌİȡȓʌIJȦıȘĮȣIJȒIJȠȖȐȖȖȜȚȠıIJİȞİȪİȚIJȠȤȫȡȠțĮȚʌȡȠțĮȜİȓ
IJĮıȣȝʌIJȫȝĮIJĮIJȠȣıȣȞįȡȩȝȠȣȅȚIJȑȞȠȞIJİȢİȓȞĮȚĮȞșİțIJȚțȩIJİȡȠȚıIJȘȞĮȪȟȘıȘ
ĮȣIJȒȢIJȘȢʌȓİıȘȢȩȤȚȩȝȦȢțĮȚIJȠȞİȪȡȠIJȠȠʌȠȓȠĮȡȤȓȗİȚȞĮįȓȞİȚıȣȝʌIJȫȝĮIJĮȝİ
ȝȠȪįȚĮıȝĮıIJĮòįȐțIJȣȜĮʌȠȣʌȡȠĮȞĮijȑȡĮȝİ

ǺİȕĮȓȦȢȣʌȐȡȤȠȣȞțĮȚʌİȡȚʌIJȫıİȚȢțĮIJȐIJȚȢȠʌȠȓİȢįİȞĮȞİȣȡȓıțİIJĮȚțĮȞȑȞĮĮȓIJȚȠ
ȖȚĮIJȘįȘȝȚȠȣȡȖȓĮIJȠȣıȣȖțİțȡȚȝȑȞȠȣıȣȞįȡȩȝȠȣ
 ȀĮIJĮȞȠȝȒIJȠȣ³ȝȠȣįȚȐıȝĮIJȠȢ´ıIJȠ
ıȪȞįȡȠȝȠțĮȡʌȚĮȓȠȣıȦȜȒȞĮ

ƲǐNJǐNJǑǂǒƽDŽǐǎǕdžǓǔǖǍǃƽnjnjǐǖǎǔǕLjǎdžǍǗƽǎNJǔLjǕǐǖ
ǔǖǎDžǒǝǍǐǖNjǂǒǑNJǂǀǐǖǔǚnjƿǎǂ
ȉȠȈȪȞįȡȠȝȠȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮijĮȓȞİIJĮȚȞĮıȤİIJȓȗİIJĮȚȝİIJĮĮțȩȜȠȣșİȢ
ʌĮȡĮȝȑIJȡȠȣȢ

ȀȜȘȡȠȞȠȝȚțȩIJȘIJĮDzȤİȚȕȡİșİȓȩIJȚȘıȒȡĮȖȖĮIJȠȣțĮȡʌȠȪİȓȞĮȚȝȚțȡȩIJİȡȘ
ıİȝİȡȚțȠȪȢĮȞșȡȫʌȠȣȢȜȩȖȦIJȘȢțȜȘȡȠȞȠȝȚțȩIJȘIJĮȢ
ǾȣʌİȡȕȠȜȚțȒȤȡȒıȘIJȠȣȤİȡȚȠȪijĮȓȞİIJĮȚȞĮʌĮȓȗİȚıȘȝĮȞIJȚțȩȡȩȜȠ
țĮșȫȢIJȠıȪȞįȡȠȝȠİȝijĮȞȓȗİIJĮȚıȣȤȞȩIJİȡĮıİȤİȚȡȫȞĮțIJİȢ
ǾȘȜȚțȓĮǵıȠĮȣȟȐȞİIJĮȚȘȘȜȚțȓĮIJȩıȠʌȚȠıȣȤȞȐİȝijĮȞȓȗİIJĮȚIJȠıȪȞįȡȠȝȠ
ǻȚȐijȠȡİȢʌĮșȒıİȚȢǵʌȦȢȠȈĮțȤĮȡȫįȘȢǻȚĮȕȒIJȘȢȘȇİȣȝĮIJȠİȚįȒȢ
ǹȡșȡȓIJȚįĮțĮȚȠȚįȚĮIJĮȡĮȤȑȢIJȠȣșȣȡİȠİȚįȒĮįȑȞĮĮȣȟȐȞȠȣȞIJȘıȣȤȞȩIJȘIJĮ
İȝijȐȞȚıȘȢIJȠȣıȣȞįȡȩȝȠȣ
ȀȐIJĮȖȝĮțȐIJȦʌȑȡĮIJȠȢțİȡțȓįĮȢʌȠȣʌȠȡȫșȘțİıİȝȘĮȞĮIJȠȝȚțȒșȑıȘ
ǾİȖțȣȝȠıȪȞȘȁȩȖȦIJȘȢțĮIJĮțȡȐIJȘıȘȢȣȖȡȫȞțĮȚIJȘȢįȘȝȚȠȣȡȖȓĮȢ
ȠȚįȘȝȐIJȦȞIJĮįȚȐijȠȡĮıȪȞįȡȠȝĮʌȓİıȘȢȞİȪȡȦȞțĮȚIJİȞȩȞIJȦȞ
ĮȣȟȐȞȠȞIJĮȚȍıIJȩıȠȣʌȠȤȦȡȠȪȞĮȝȑıȦȢȝİIJȐIJȘȞİȖțȣȝȠıȪȞȘțĮȚIJȘȞ
ʌİȡȓȠįȠIJȘȢȜȠȤİȓĮȢ ʌİȡȓʌȠȣȝȒȞİȢȝİIJȐIJȠȞIJȠțİIJȩ 

ȈİĮȞIJȓșİıȘȝİįȚȐijȠȡİȢșİȦȡȓİȢıIJĮIJȚıIJȚțȑȢȝİȜȑIJİȢȑȤȠȣȞįİȓȟİȚȩIJȚȘȤȡȒıȘIJȠȣ
ʌȜȘțIJȡȠȜȠȖȓȠȣįİıȤİIJȓȗİIJĮȚȝİIJȘȞʌȡȩțȜȘıȘIJȠȣıȣȞįȡȩȝȠȣ
ƲǐNJǂǕǂǔǖǍǑǕǟǍǂǕǂǕǐǖǔǖǎDžǒǝǍǐǖNjǂǒǑNJǂǀǐǖǔǚnjƿǎǂ
ǾIJȣʌȚțȒıȣȝʌIJȦȝĮIJȠȜȠȖȓĮIJȠȣȈȣȞįȡȩȝȠȣȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮİȓȞĮȚ

ȂȠȪįȚĮıȝĮțĮȚʌȩȞȠȢıIJȠȤȑȡȚțȣȡȓȦȢıIJȠȞĮȞIJȓȤİȚȡĮıIJȠįİȓțIJȘıIJȠ
ȝȑıȠțĮȚıIJȠȞȝȚıȩʌĮȡȐȝİıȠ
ǾĮȓıșȘıȘȘȜİțIJȡȚțȠȪȡİȪȝĮIJȠȢıIJĮįȐțIJȣȜĮĮȣIJȐ
ȆĮȡȐȟİȞİȢĮȚıșȒıİȚȢțĮȚʌȩȞȠȢĮʌȩIJȠȞʌȒȤȘȝȑȤȡȚIJȠȞȫȝȠ
ǹįȣȞĮȝȓĮıȪȜȜȘȥȘȢĮȞIJȚțİȚȝȑȞȦȞȝİıȣȞȑʌİȚĮȞĮʌȑijIJȠȣȞĮʌȩIJȠȤȑȡȚ
ʌȤIJȠʌȠIJȒȡȚ

ȉĮıȣȝʌIJȫȝĮIJĮĮȡȤȓȗȠȣȞıȣȞȒșȦȢȕĮșȝȚĮȓĮȤȦȡȓȢıȣȖțİțȡȚȝȑȞȠIJȡĮȣȝĮIJȚıȝȩțĮȚ
İȝijĮȞȓȗȠȞIJĮȚȤĮȡĮțIJȘȡȚıIJȚțȐIJȘȞȪȤIJĮǹȣIJȩıȣȝȕĮȓȞİȚįȚȩIJȚțĮIJȐIJȘįȚȐȡțİȚĮIJȠȣ
ȪʌȞȠȣIJĮȤȑȡȚĮȝĮȢʌĮȓȡȞȠȣȞĮȣIJȠȝȐIJȦȢȝȚĮșȑıȘțȐȝȥȘȢIJȠȣțĮȡʌȠȪDzIJıȚ
ıIJİȞİȪİȚĮțȩȝĮʌİȡȚııȩIJİȡȠIJȠȠıIJİȠȧȞȫįİȢțĮȞȐȜȚȅʌȩȞȠȢțĮȚIJȠȝȠȪįȚĮıȝĮ
ıȣȞȒșȦȢȟȣʌȞȐİȚIJȠȞĮıșİȞȒ

ȉĮİȞȠȤȜȒȝĮIJĮȝʌȠȡİȓȞĮİțįȘȜȦșȠȪȞİʌȓıȘȢțĮȚțĮIJȐIJȘįȚȐȡțİȚĮIJȘȢȘȝȑȡĮȢĮȞȐ
ʌȐıĮıIJȚȖȝȒȈȣȞȒșȦȢİțȜȪȠȞIJĮȚȩIJĮȞțȡĮIJȐȝİțȐIJȚȩʌȦȢȑȞĮIJȘȜȑijȦȞȠȒțĮIJȐ
IJȘȞȠįȒȖȘıȘȒIJȘȞʌȜȘțIJȡȠȜȩȖȘıȘıİȣʌȠȜȠȖȚıIJȒǾȝİIJĮțȓȞȘıȘȒIJȠIJȓȞĮȖȝĮIJȦȞ
ȤİȡȚȫȞȕȠȘșȐıȣȤȞȐıIJȘȞʌȡȠıȦȡȚȞȒȝİȓȦıȘIJȦȞİȞȠȤȜȘȝȐIJȦȞ

ȉĮıȣȝʌIJȫȝĮIJĮĮȡȤȚțȐȑȡȤȠȞIJĮȚțĮȚʌĮȡȑȡȤȠȞIJĮȚĮȜȜȐȝİIJȘȞʌȐȡȠįȠIJȠȣ
ȤȡȩȞȠȣıȣȞȒșȦȢȖȓȞȠȞIJĮȚıIJĮșİȡȐǹȞȘțĮIJȐıIJĮıȘʌĮȡĮȝİȓȞİȚȤȦȡȓȢșİȡĮʌİȓĮȘ
ʌȓİıȘIJȠȣȞİȪȡȠȣĮȡȤȓȗİȚȞĮȖȓȞİIJĮȚȝȘĮȞĮıIJȡȑȥȚȝȘȉȩIJİȤĮȡĮțIJȘȡȚıIJȚțȐ
İȝijĮȞȓȗİIJĮȚĮIJȡȠijȓĮıIJȠȣȢȝȣȢIJȠȣșȑȞĮȡȠȢ ȕȐıȘIJȠȣĮȞIJȓȤİȚȡĮ 
ƲǚǓDŽǀǎdžǕǂNJLjDžNJƽDŽǎǚǔLjƴǖǎDžǒǝǍǐǖƬǂǒǑNJǂǀǐǖƴǚnjƿǎǂ
ȈȣȞȒșȦȢȘįȚȐȖȞȦıȘIJȘȢʌȐșȘıȘȢȖȓȞİIJĮȚȝİțȜȚȞȚțȒİȟȑIJĮıȘțĮȚȜȒȥȘ
ȚıIJȠȡȚțȠȪȀĮIJȐIJȘȞİȟȑIJĮıȘȠȅȡșȠʌĮȚįȚțȩȢĮȞĮȜȪİȚʌȡȠıİțIJȚțȐIJȠȚıIJȠȡȚțȩțĮȚ
IJĮıȣȝʌIJȫȝĮIJĮIJȠȣĮıșİȞȠȪȢǾįȚȐȖȞȦıȘIJȠȣıȣȞįȡȩȝȠȣțĮȡʌȚĮȓȠȣıȦȜȒȞĮ
ıIJȠȤȑȡȚʌİȡȚȜĮȝȕȐȞİȚįȠțȚȝĮıȓİȢİȚįȚțȑȢȖȚĮIJȘȞʌİȡȓıIJĮıȘ

ǼʌȚʌȡȠıșȑIJȦȢȝʌȠȡȠȪȞȞĮȖȓȞȠȣȞȠȚĮțȩȜȠȣșİȢįȚĮȖȞȦıIJȚțȑȢİȟİIJȐıİȚȢȖȚĮ
ʌİȡĮȚIJȑȡȦȑȜİȖȤȠ

ȉȠǾȜİțIJȡȠȝȣȠȖȡȐijȘȝĮİȓȞĮȚȝȚĮįȠțȚȝĮıȓĮȖȚĮIJȘȜİȚIJȠȣȡȖȓĮIJȠȣȝȑıȠȣ
ȞİȪȡȠȣȘȠʌȠȓĮȕȠȘșȐıIJȘįȚȐȖȞȦıȘIJȠȣȈȣȞįȩȝȠȣȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮȈIJĮ
ĮȡȤȚțȐıIJȐįȚĮIJȘȢʌȐșȘıȘȢȝʌȠȡİȓȞĮİȓȞĮȚĮȡȞȘIJȚțȩȠʌȩIJİȤȡİȚȐȗİIJĮȚ
ʌȡȠıȠȤȒȖȚĮȞĮȝȘįȚĮijȪȖİȚȘȠȡșȒįȚȐȖȞȦıȘǾįȚȐȖȞȦıȘȩȝȦȢIJȠȣ
ıȣȞįȡȩȝȠȣİȓȞĮȚȦȢİʌȓIJȠʌȜİȓıIJȠȞțȜȚȞȚțȒ
+0ĮȖȞȘIJȚțȒ7ȠȝȠȖȡĮijȓĮțĮȡʌȠȪĮȞțĮȚıȣȞȒșȦȢțȡȓȞİIJĮȚȣʌİȡȕȠȜȚțȒ
ȝʌȠȡİȓȞĮįȫıİȚʌȜȘȡȠijȠȡȓİȢȖȚĮIJȘȞʌĮȡȠȣıȓĮȖĮȖȖȜȓȦȞȝȑıĮıIJȠȞ
țĮȡʌȚĮȓȠıȦȜȒȞĮIJĮȠʌȠȓĮʌȡȠțĮȜȠȪȞʌȓİıȘIJȠȣȝȑıȠȣȞİȪȡȠȣĮȞȐȜȠȖȘȝİ
IJȘȞʌȐȤȣȞıȘIJȠȣİȖțĮȡıȓȠȣıȣȞįȑıȝȠȣ

ƵNJǑdžǒNJnjǂǍǃƽǎdžNJLjljdžǒǂǑdžǀǂǕǐǖƴǖǎDžǒǝǍǐǖƬǂǒǑNJǂǀǐǖƴǚnjƿǎǂ

ȈIJȚȢʌİȡȚııȩIJİȡİȢʌİȡȚʌIJȫıİȚȢIJȠȈȪȞįȡȠȝȠȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮșĮİʌȚįİȚȞȦșİȓ
ıIJĮįȚĮțȐȍıIJȩıȠȣʌȐȡȤİȚțĮȚȘʌİȡȓʌIJȦıȘȞĮĮȞĮȤĮȚIJȚıIJİȓȘİȟȑȜȚȟȒIJȠȣțĮIJȐIJĮ
ʌȡȫIJĮıIJȐįȚĮ

ȈȣȞIJȘȡȘIJȚțȒșİȡĮʌİȓĮȖȚĮIJȘȞĮȞIJȚȝİIJȫʌȚıȘȈȣȞįȡȩȝȠȣȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮ

ȅȚʌĮȡĮțȐIJȦıȣȝȕȠȣȜȑȢȝʌȠȡȠȪȞȞĮıĮȢijĮȞȠȪȞȤȡȒıȚȝİȢȖȚĮIJȘȞȣʌȠȤȫȡȘıȘ
IJȦȞıȣȝʌIJȦȝȐIJȦȞ

ȋȡȒıȘȞȐȡșȘțĮĮțȚȞȘIJȠʌȠȓȘıȘȢʌȠȣșĮįȚĮIJȘȡȠȪıİIJȠȞțĮȡʌȩıİ
ȠȣįȑIJİȡȘșȑıȘțĮIJȐIJȘȞįȚȐȡțİȚĮIJȘȢȞȪțIJĮȢȅȞȐȡșȘțĮȢĮȣIJȩȢȝʌȠȡİȓ
İʌȓıȘȢȞĮijȠȡİșİȓțĮȚțĮIJȐIJȘȞįȚȐȡțİȚĮįȡĮıIJȘȡȚȠIJȒIJȦȞʌȠȣİʌȚįİȚȞȫȞȠȣȞ
IJĮıȣȝʌIJȫȝĮIJĮ
ȁȒȥȘĮȞIJȚijȜİȖȝȠȞȫįȦȞijĮȡȝȐțȦȞțĮȚʌĮȣıȓʌȠȞȦȞIJĮȠʌȠȓĮșĮ
ıȣȝȕȐȜȜȠȣȞıIJȘȞĮȞĮțȠȪijȚıȘIJȠȣʌȩȞȠȣ
ǼȞȑıİȚȢțȠȡIJȚțȠıIJİȡȠİȚįȫȞIJȠʌȚțȐȠȚȠʌȠȓİȢȩȝȦȢİțIJȩȢĮʌȩIJȠȣȢ
țȚȞįȪȞȠȣȢʌȠȣİȞȑȤȠȣȞȕȠȘșȠȪȞȝȩȞȠʌȡȠıȦȡȚȞȐȤȦȡȓȢȞĮ
ĮȞIJȚȝİIJȦʌȓȗȠȣȞIJȠıȪȞįȡȠȝȠ

ȋİȚȡȠȣȡȖȚțȒșİȡĮʌİȓĮȖȚĮIJȘȞĮȞIJȚȝİIJȫʌȚıȘȈȣȞįȡȩȝȠȣȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮ
ȈİʌİȡȓʌIJȦıȘĮʌȠIJȣȤȓĮȢIJȘȢıȣȞIJȘȡȘIJȚțȒȢĮȖȦȖȒȢȘȤİȚȡȠȣȡȖȚțȒĮȞIJȚȝİIJȫʌȚıȘ
șĮijȑȡİȚIJȘȞȠȡȚıIJȚțȒȜȪıȘIJȠȣʌȡȠȕȜȒȝĮIJȠȢ

ȈİʌȠȜȪıȠȕĮȡȑȢȝĮțȡȠȤȡȩȞȚİȢʌİȡȚʌIJȫıİȚȢȝİıIJĮșİȡȩȝȠȪįȚĮıȝĮțĮȚ
İȟĮıșȑȞȘıȘIJȦȞȝȣȫȞIJȠȣĮȞIJȓȤİȚȡĮ șȑȞĮȡ ȘȤİȚȡȠȣȡȖȚțȒİʌȑȝȕĮıȘıȣıIJȒȞİIJĮȚ
ȐȝİıĮȖȚĮȞĮĮʌȠIJȡȑȥİȚȝȘĮȞĮıIJȡȑȥȚȝİȢȕȜȐȕİȢĬĮĮȞĮțȠȣijȓıİȚĮʌȩIJȠȞʌȩȞȠ
țĮȚIJȠȝȠȪįȚĮıȝĮȘȚıȤȪȢȩȝȦȢIJȠȣȤİȡȚȠȪȝʌȠȡİȓȞĮʌĮȡĮȝİȓȞİȚțĮIJȫIJİȡȘIJȠȣ
ijȣıȚȠȜȠȖȚțȠȪ

ǾȤİȚȡȠȣȡȖȚțȒİʌȑȝȕĮıȘIJȠȣțĮȡʌȚĮȓȠȣıȦȜȒȞĮȖȓȞİIJĮȚıȣȞȒșȦȢȝİIJȠʌȚțȒ
ĮȞĮȚıșȘıȓĮțĮȚįȚĮȡțİȓȝȩȜȚȢȜİʌIJȐȀĮIJȐIJȘȞįȚȐȡțİȚĮIJȘȢİʌȑȝȕĮıȘȢ
ȖȓȞİIJĮȚIJȠȝȒİțĮIJȠıIJȫȞıIJȘȞʌĮȜȐȝȘDzIJıȚĮȞİȣȡȓıțİIJĮȚȠİȖțȐȡıȚȠȢ
ıȪȞįİıȝȠȢIJȠȣțĮȡʌȠȪȠȠʌȠȓȠȢįȚĮȞȠȓȖİIJĮȚǹȣIJȠȝȐIJȦȢȝİȚȫȞİIJĮȚȘʌȓİıȘıIJȠ
ȞİȪȡȠțĮȚȠĮıșİȞȒȢĮȞĮțȠȣijȓȗİIJĮȚĮȝȑıȦȢĮʌȩIJĮıȣȝʌIJȫȝĮIJĮǾȓįȚĮİʌȑȝȕĮıȘ
ȝʌȠȡİȓȞĮȖȓȞİȚțĮȚİȞįȠıțȠʌȚțȐıİȠȡȚıȝȑȞȠȣȢȝȩȞȠĮıșİȞİȓȢȝİȤȡȒıȘ
țȐȝİȡĮȢǾIJİȤȞȚțȒĮȣIJȒȩȝȦȢĮȣȟȐȞİȚIJȩıȠIJȠȤİȚȡȠȣȡȖȚțȩȤȡȩȞȠȩıȠțĮȚIJȠ
țȩıIJȠȢ
 RVWRXQJUGLDQRL[KNDUSLDLRXVZOKQD

ǺĮıȓȜİȚȠȢĭȦIJȩʌȠȣȜȠȢ

ǻȚȐȞȠȚȟȘțĮȡʌȚĮȓȠȣıȦȜȒȞĮ
ǾįȚȐȞȠȚȟȘIJȠȣțĮȡʌȚĮȓȠȣıȦȜȒȞĮİȓȞĮȚȘİʌȑȝȕĮıȘʌȠȣʌȡĮȖȝĮIJȠʌȠȚİȓIJĮȚȖȚĮ
IJȘȞĮȞIJȚȝİIJȫʌȚıȘIJȠȣıȣȞįȡȩȝȠȣIJȠȣțĮȡʌȚĮȓȠȣıȦȜȒȞĮȆȡȩțİȚIJĮȚȖȚĮȝȚĮĮʌȜȒ
İʌȑȝȕĮıȘʌȠȣIJȚȢʌİȡȚııȩIJİȡİȢijȠȡȑȢįȚİȞİȡȖİȓIJĮȚȝİIJȠʌȚțȩĮȞĮȚıșȘIJȚțȩ
ǻȚĮȡțİȓȝȩȞȠȜİʌIJȐțĮȚĮȞĮțȠȣijȓȗİȚĮȝȑıȦȢĮʌȩIJĮıȣȝʌIJȫȝĮIJĮIJȠȣ
ıȣȞįȡȩȝȠȣ

ƵNJdžǀǎǂNJǕǐǔǞǎDžǒǐǍǐǕǐǖNjǂǒǑNJǂǀǐǖǔǚnjƿǎǂ¬
ȉȠıȪȞįȡȠȝȠțĮȡʌȚĮȓȠȣıȦȜȒȞĮİȓȞĮȚȝȚĮİȟİȜȚııȩȝİȞȘʌȐșȘıȘțĮIJȐIJȘȞ
ȠʌȠȓĮIJȠȠıIJİȠȧȞȫįİȢIJȠȪȞİȜıIJȠȞțĮȡʌȩʌȡȠȠįİȣIJȚțȐıIJİȞİȪİȚȍȢĮʌȠIJȑȜİıȝĮ
IJĮįȚİȡȤȩȝİȞĮȝȑıĮıİĮȣIJȩȞĮȞĮIJȠȝȚțȐıIJȠȚȤİȓĮʌȚȑȗȠȞIJĮȚǹȣIJȐİȓȞĮȚ
țĮȝʌIJȒȡİȢIJȑȞȠȞIJİȢIJȦȞįĮțIJȪȜȦȞ ȑȞĮȢȖȚĮIJȠȞĮȞIJȓȤİȚȡĮțĮȚĮʌȩįȪȠȖȚĮIJĮ
ȣʌȩȜȠȚʌĮįȐțIJȣȜĮ țĮȚȑȞĮȞİȪȡȠIJȠȝȑıȠȞİȪȡȠȈIJȠİʌȓʌİįȠĮȣIJȩIJȠȝȑıȠ
ȞİȪȡȠİȓȞĮȚțȣȡȓȦȢĮȚıșȘIJȚțȩȂİİȟĮȓȡİıȘȑȞĮȞțȚȞȘIJȚțȩțȜȐįȠʌȠȣțĮIJİȣșȪȞİIJĮȚ
ıIJȠȞĮȞIJȓȤİȚȡĮIJȠȝȑıȠȞİȪȡȠİȟĮıijĮȜȓȗİȚĮȓıșȘıȘıIJȠȞĮȞIJȓȤİȚȡĮIJȠȞįİȓțIJȘIJȠȞ
ȝȑıȠțĮȚIJȠȞȝȚıȩʌĮȡȐȝİıȠįȐțIJȣȜȠȆİȡȚȠȡȚıȝȩȢIJȠȣțĮȡʌȚĮȓȠȣıȦȜȒȞĮȠįȘȖİȓ
ıİʌȓİıȘIJȠȣȞİȪȡȠȣțĮȚıİĮȓıșȘȝĮȝȠȣįȚȐıȝĮIJȠȢIJȠȣȤİȡȚȠȪıIJĮĮȞȦIJȑȡĮ
įȐțIJȣȜĮ
ƲǟǓDŽǀǎdžǕǂNJLjdžǑƾǍǃǂǔLjDŽNJǂǕLjDžNJƽǎǐNJǏLjǕǐǖNjǂǒǑNJǂǀǐǖ
ǔǚnjƿǎǂ¬
ǼijȩıȠȞȑȤİȚIJİșİȓȘįȚȐȖȞȦıȘȠĮıșİȞȒȢʌȡȠıȑȡȤİIJĮȚıIJȠȞȠıȠțȠȝİȓȠ
ʌȡȠțĮșȠȡȚıȝȑȞȘȘȝȑȡĮțĮȚȫȡĮȞȘıIJȚțȩȢīȚĮIJȘȞİʌȑȝȕĮıȘįİȤȡİȚȐȗİIJĮȚȖİȞȚțȒ
ȒʌİȡȚȠȤȚțȒĮȞĮȚıșȘıȓĮǹȡțİȓIJȠʌȚțȒȑȖȤȣıȘĮȞĮȚıșȘIJȚțȠȪijĮȡȝȐțȠȣȝİIJȠ
ȠʌȠȓȠİȟĮıijĮȜȓȗİIJĮȚʌȜȒȡȘȢĮȞĮȜȖȘıȓĮțĮIJȐIJȘȞȫȡĮIJȘȢİʌȑȝȕĮıȘȢǼʌȓıȘȢ
İȟĮıijĮȜȓȗİIJĮȚĮȞĮȜȖȘıȓĮȖȚĮIJȚȢʌȡȫIJİȢȫȡİȢ

ȈIJȠȝʌȡȐIJıȠIJȠȣĮıșİȞȠȪȢIJȠʌȠșİIJİȓIJĮȚȓıȤĮȚȝȠȢʌİȡȓįİıȘ ȫıIJİțĮIJȐIJȘȞ
İʌȑȝȕĮıȘIJȠȤİȚȡȠȣȡȖȚțȩIJȡĮȪȝĮȞĮİȓȞĮȚİȞIJİȜȫȢĮȞĮȓȝĮțIJȠǹȣIJȩʌȡȠıijȑȡİȚ
ıIJȠȞȋİȚȡȠȣȡȖȩĮʌȩȜȣIJĮțĮșĮȡȩʌİįȓȠȅȋİȚȡȠȣȡȖȩȢȤȡȘıȚȝȠʌȠȚİȓ
ȝİȖİșȣȞIJȚțȠȪȢʌȡȠıȠijșȐȜȝȚȠȣȢijĮțȠȪȢ ȜȠȪʌİȢ ʌȠȣȝİȖİȞșȪȞȠȣȞIJȠʌİįȓȠ
țĮIJȐijȠȡȑȢDzIJıȚİȟĮıijĮȜȓȗİIJĮȚĮțȡȓȕİȚĮțĮȚȜİʌIJȠȝȑȡİȚĮıIJȘȞ
İʌȚıțȩʌȘıȘIJȦȞȜİʌIJȫȞįȠȝȫȞ
 $ǴıȤĮȚȝȠȢʌİȡȓįİıȘ WRXUQLTXHW                                %ȂİȖİșȣȞIJȚțȠȓ
ijĮțȠȓ ȜȠȪʌİȢ

ǻȚİȞİȡȖİȓIJĮȚİʌȚȝȒțȘȢIJȠȝȒįȑȡȝĮIJȠȢȝİȖȑșȠȣȢİțĮIJȠıIJȫȞǻȚĮȞȠȓȖȠȞIJĮȢIJĮ
įȚȐijȠȡĮıIJȡȫȝĮIJĮȝĮȜĮțȫȞȝȠȡȓȦȞİȞIJȠʌȓȗȠȣȝİIJȠȞİȖțȐȡıȚȠıȪȞįİıȝȠ
ǹțȠȜȠȣșİȓİʌȚȝȒțȘȢįȚĮIJȠȝȒĮȣIJȠȪțĮIJȐıIJȡȫȝĮIJĮțĮȚȝİȐȝİıȘȩȡĮıȘȩȜȦȞ
IJȦȞıIJȠȚȕȐįȦȞIJȠȣǹʌȠțĮȜȪʌIJİIJĮȚIJȠȝȑıȠȞİȪȡȠIJȠȠʌȠȓȠțĮșĮȡȓȗİIJĮȚĮʌȩ
ȝĮȜĮțȐȝȩȡȚĮ ȝİȝȕȡȐȞİȢ ʌȠȣıȣȞȒșȦȢIJȠʌİȡȚȕȐȜȜȠȣȞ ȞİȣȡȩȜȣıȘ 

ǾȜİʌIJȠȝİȡȒȢİȟȑIJĮıȘIJȠȣıȦȜȒȞĮșĮĮʌȠțĮȜȪȥİȚIJȣȤȩȞȪʌĮȡȟȘȖĮȖȖȜȓȠȣʌȠȣ
ȝʌȠȡİȓȞĮʌȡȠțĮȜİȓIJȠıȪȞįȡȠȝȠțĮȚIJȠȠʌȠȓȠĮijĮȚȡİȓIJĮȚȂİIJȐĮʌȩıȤȠȜĮıIJȚțȒ
ĮȚȝȩıIJĮıȘțĮȚȑțʌȜȣıȘIJȠIJȡĮȪȝĮıȣȖțȜİȓİIJĮȚĮȞĮIJȠȝȚțȐ

$ȉȠȝȒįȑȡȝĮIJȠȢ  %ǹȞİȪȡİıȘİȖțĮȡıȓȠȣıȣȞįȑıȠȣ  &ǻȚȐȞȠȚȟȘıȣȞįȑıȝȠȣ

ƸǒdžNJƽLJdžǕǂNJǎǐǔLjnjdžǀǂǍdžǕƽǂǑǝDžNJƽǎǐNJǏLjNjǂǒǑNJǂǀǐǖǔǚnjƿǎǂ¬
ȂİIJȐIJȠʌȑȡĮȢIJȘȢİʌȑȝȕĮıȘȢȠĮıșİȞȒȢʌĮȡĮȝȑȞİȚıIJȠȞȠıȠțȠȝİȓȠȖȚĮȝȚıȒ±
ȫȡĮțĮȚĮțȠȜȠȪșȦȢʌĮȓȡȞİȚİȟȚIJȒȡȚȠȈȣȞȒșȦȢİȞIJȩȢȦȡȫȞİʌĮȞȑȡȤİIJĮȚıIJȠ
ȚĮIJȡİȓȠȖȚĮIJȘȞʌȡȫIJȘĮȜȜĮȖȒıIJȚȢȖȐȗİȢȉĮȡȐȝȝĮIJĮĮijĮȚȡȠȪȞIJĮȚıIJȚȢȘȝȑȡİȢ
ĮȜȜȐIJȠȤȑȡȚʌȡȑʌİȚȞĮʌĮȡĮȝİȓȞİȚįİȝȑȞȠȝİİȜĮıIJȚțȩİʌȓįİıȝȠȖȚĮİȕįȠȝȐįİȢ
ıȣȞȠȜȚțȐȈȣȞȚıIJȠȪȝİıIJȠȞĮıșİȞȒȞĮȝȘȞțȠȣȡȐȗİȚIJȠȤȑȡȚIJȠȣIJȠȞʌȡȫIJȠȝȒȞĮ
ȝİIJȐIJȘȞİʌȑȝȕĮıȘ

ȈȣȝʌİȡĮıȝĮIJȚțȐșĮȜȑȖĮȝİʌȦȢȘįȚȐȞȠȚȟȘIJȠȣțĮȡʌȚĮȓȠȣıȦȜȒȞĮİȓȞĮȚȘ
İʌȑȝȕĮıȘİțȜȠȖȒȢȖȚĮIJȘȞĮȞIJȚȝİIJȫʌȚıȘIJȠȣıȣȞįȡȩȝȠȣIJȠȣțĮȡʌȚĮȓȠȣıȦȜȒȞĮ
ǼȓȞĮȚİʌȑȝȕĮıȘʌȠȣȝʌȠȡİȓȞĮȖȓȞİȚȝİIJȠʌȚțȒĮȞĮȚıșȘıȓĮȤȡİȚȐȗİIJĮȚȩȝȦȢ
ʌȡȠıȠȤȒțĮȚİȝʌİȚȡȓĮĮʌȩIJȠȋİȚȡȠȣȡȖȩǼijȩıȠȞȘİʌȑȝȕĮıȘʌȡĮȖȝĮIJȠʌȠȚȘșİȓ
ıȦıIJȐIJȠıȪȞįȡȠȝȠįİȞȣʌȠIJȡȠʌȚȐȗİȚ
ǼȐȞʌȐıȤİIJİĮʌȩıȪȞįȡȠȝȠțĮȡʌȚĮȓȠȣıȦȜȒȞĮİʌȚțȠȚȞȦȞȒıIJİĮȝȑıȦȢȝİIJȠȞ
ȅȡșȠʌĮȚįȚțȩǻȡǺȀĭȦIJȩʌȠȣȜȠȖȚĮȐȝİıȘțĮȚȠȡȚıIJȚțȒĮȞIJȚȝİIJȫʌȚıȘȅǻȡ
ǺȀĭȦIJȩʌȠȣȜȠȢİȓȞĮȚȅȡșȠʌĮȚįȚțȩȢȋİȚȡȠȣȡȖȩȢȑȤİȚİʌȚIJİȜȑıİȚʌȜȘșȫȡĮ
İʌİȝȕȐıİȦȞțĮȚȑȤİȚĮȞIJȚȝİIJȦʌȓıİȚȝİȖȐȜȠĮȡȚșȝȩĮıșİȞȫȞDzȤİȚıȣȝȝİIJȐıȤİȚıİ
ȝİȖȐȜȠĮȡȚșȝȩıȣȞİįȡȓȦȞțȣȡȓȦȢIJȘȢǼȜȜȘȞȚțȒȢǼIJĮȚȡİȓĮȢȋİȚȡȠȣȡȖȚțȒȢ
ȅȡșȠʌĮȚįȚțȒȢțĮȚȉȡĮȣȝĮIJȠȜȠȖȓĮȢ ǼǼȋȅȉ țĮșȫȢțĮȚIJȘȢǼȜȜȘȞȚțȒȢ
ǹȡșȡȠıțȠʌȚțȒȢǼIJĮȚȡİȓĮȢ ǼǹǼ 
 RVWRXQJUDSRV\PSLHVKZOHQLR\QHYUR\

ǺĮıȓȜİȚȠȢĭȦIJȩʌȠȣȜȠȢ

ǹʌȠıȣȝʌȓİıȘȦȜİȞȓȠȣȞİȪȡȠȣ
ǾĮʌȠıȣȝʌȓİıȘIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣİȓȞĮȚȘİʌȑȝȕĮıȘʌȠȣȖȓȞİIJĮȚȖȚĮIJȘȞ
ĮȞIJȚȝİIJȫʌȚıȘIJȠȣıȣȞįȡȩȝȠȣIJȘȢȦȜȑȞȚĮȢȞİȣȡȓIJȚįĮȢȉȠıȪȞįȡȠȝȠĮȣIJȩİȓȞĮȚ
ĮʌȠIJȑȜİıȝĮIJȘȢʌȓİıȘȢIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣıȣȞȒșȦȢıIJȘȞʌİȡȚȠȤȒIJȠȣĮȖțȫȞĮ

ƭǀDŽǂnjǝDŽNJǂDŽNJǂǕLjǎǂǎǂǕǐǍǀǂ
ȉȠȦȜȑȞȚȠȞİȪȡȠİȓȞĮȚȑȞĮİțIJȦȞIJȡȚȫȞȞİȪȡȦȞʌȠȣȞİȣȡȫȞȠȣȞIJȠȤȑȡȚȝĮȢ IJĮ
ȐȜȜĮįȪȠİȓȞĮȚIJȠțİȡțȚįȚțȩțĮȚIJȠȝȑıȠȞİȪȡȠ ȉȠȦȜȑȞȚȠȞİȪȡȠȝʌȠȡİȓȞĮʌȚİıIJİȓ
țȣȡȓȦȢıİıȘȝİȓĮıIJȠȞĮȣȤȑȞĮıIJȠȞĮȖțȫȞĮțĮȚıIJȠȞțĮȡʌȩǼʌİȚįȒȘ
ıȣȞIJȡȚʌIJȚțȒʌȜİȚȠȥȘijȓĮIJȦȞʌĮȖȚįİȪıİȦȞIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣıȣȝȕĮȓȞİȚıIJȠȞ
ĮȖțȫȞĮıIJȠțİȓȝİȞȠʌȠȣĮțȠȜȠȣșİȓșĮĮȞĮʌIJȪȟȠȣȝİIJȘȞİʌȑȝȕĮıȘ
ĮʌȠıȣȝʌȓİıȘȢIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣıIJȠȞĮȖțȫȞĮ

ȉȠȞİȪȡȠįȚȑȡȤİIJĮȚĮʌȩIJȘȞİıȦIJİȡȚțȒʌȜİȣȡȐIJȠȣĮȖțȫȞĮȝȑıĮĮʌȩIJȠȞȦȜȑȞȚȠ
ıȦȜȒȞĮȠȠʌȠȓȠȢİȓȞĮȚȝȚĮȠıIJİȠȧȞȫįȘȢıȒȡĮȖȖĮȉȠȑįĮijȠȢĮȣIJȒȢĮʌȠIJİȜİȓIJĮȚ
ĮʌȩIJȠȠıIJȩ ʌİȡȚijİȡȚțȩȐțȡȠIJȠȣȕȡĮȤȚȠȞȓȠȣȝİIJĮȟȪIJȘȢʌĮȡĮIJȡȠȤȓȜȚĮȢ
ĮʌȩijȣıȘȢțĮȚIJȠȣȦȜİțȡȐȞȠȣ İȞȫȘȠȡȠijȒIJȘȢıȒȡĮȖȖĮȢİȓȞĮȚȠȚȞȫįȘȢȚıIJȩȢ
ǵIJĮȞĮȣIJȩȢʌĮȤȪȞİȚțĮȚʌȚȑıİȚIJȠȞİȪȡȠĮȞĮʌIJȪııİIJĮȚȘıȣȝʌIJȦȝĮIJȠȜȠȖȓĮIJȘȢ
ȦȜȑȞȚĮȢȞİȣȡȓIJȚįĮȢ
ȆİȡȚııȩIJİȡİȢȜİʌIJȠȝȑȡİȚİȢȖȚĮIJȘȞȦȜȑȞȚĮȞİȣȡȓIJȚįĮ ıȣȤȞȩIJȘIJĮĮȓIJȚĮ
ıȣȝʌIJȫȝĮIJĮįȚȐȖȞȦıȘ ĮȞĮʌIJȪııȠȞIJĮȚıIJȠĮȞIJȓıIJȠȚȤȠȐȡșȡȠ ³ȦȜȑȞȚĮ
ȞİȣȡȓIJȚįĮ³ 

ǹȞĮIJȠȝȓĮIJȘȢıȒȡĮȖȖĮȢIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣ

ƣǎǕNJǍdžǕǟǑNJǔLjǚnjƾǎNJǂǓǎdžǖǒǀǕNJDžǂǓ
ȈIJĮĮȡȤȚțȐıIJȐįȚĮİijĮȡȝȩȗİIJĮȚıȣȞIJȘȡȘIJȚțȒșİȡĮʌİȓĮȝİĮʌȠijȣȖȒțȐȝȥȘȢIJȠȣ
ĮȖțȫȞĮțĮȚʌİȡȚıIJĮıȚĮțȒȜȒȥȘĮȞIJȚijȜİȖȝȠȞȦįȫȞijĮȡȝȐțȦȞǵIJĮȞȩȝȦȢIJĮ
ıȣȝʌIJȫȝĮIJĮİʌȚȝȑȞȠȣȞȒİʌȚįİȚȞȫȞȠȞIJĮȚIJȩIJİȘʌȐșȘıȘĮȞIJȚȝİIJȦʌȓȗİIJĮȚ
ȤİȚȡȠȣȡȖȚțȐ

ƲǟǓDŽǀǎdžǕǂNJLjdžǑƾǍǃǂǔLjǂǑǐǔǖǍǑǀdžǔLjǓǕǐǖǚnjdžǎǀǐǖǎdžǞǒǐǖ
ȅĮıșİȞȒȢʌȡȠıȑȡȤİIJĮȚıIJȠȞȠıȠțȠȝİȓȠȞȘıIJȚțȩȢʌȡȠțĮșȠȡȚıȝȑȞȘȘȝȑȡĮțĮȚ
ȫȡĮȆȡȠIJȘȢİʌȑȝȕĮıȘȢįȚİȞİȡȖİȓIJĮȚȠʌȡȠİȖȤİȚȡȘIJȚțȩȢȑȜİȖȤȠȢȠȠʌȠȓȠȢ
ʌİȡȚȜĮȝȕȐȞİȚĮȚȝĮIJȠȜȠȖȚțȑȢİȟİIJȐıİȚȢțĮȡįȚȠȜȠȖȚțȑȢİȟİIJȐıİȚȢțĮȚĮțIJȚȞȠȖȡĮijȓĮ
șȫȡĮțȠȢȈIJȘıȣȞȑȤİȚĮȠĮıșİȞȒȢİȚıȐȖİIJĮȚıIJȘȞĮȓșȠȣıĮIJȠȣȤİȚȡȠȣȡȖİȓȠȣ

ƵNJdžǀDžǐǖǓǂǎǂNJǔljLjǔǀǂǘǒdžNJƽLJdžǕǂNJDŽNJǂǕLjǎǂǑǐǔǖǍǑǀdžǔLjǕǐǖ
ǚnjdžǎǀǐǖǎdžǞǒǐǖ
ǾİʌȑȝȕĮıȘȝʌȠȡİȓȞĮȖȓȞİȚİȓIJİȝİȖİȞȚțȒĮȞĮȚıșȘıȓĮİȓIJİȝİʌİȡȚȠȤȚțȒ
ĮȞĮȜȖȘıȓĮȝİȣʌİȡțȜİȓįȚȠȝʌȜȠțIJȠȠʌȠȓȠĮȞĮȚıșȘIJȠʌȠȚİȓIJĮĮȞIJȓıIJȠȚȤĮȞİȪȡĮȉȠ
ȣʌİȡțȜİȓįȚȠȝʌȜȠțİȟĮıijĮȜȓȗİȚȐȡȚıIJȘȝİIJİȖȤİȚȡȘIJȚțȒĮȞĮȜȖȘıȓĮıİIJȑIJȠȚȠȕĮșȝȩ
ʌȠȣțĮșȚıIJȐIJȘȞİʌȑȝȕĮıȘİȞIJİȜȫȢĮȞȫįȣȞȘǼʌȓıȘȢIJȠȝʌȜȠțʌĮȡȑȤİȚ
İȟĮȚȡİIJȚțȒȝİIJİȖȤİȚȡȘIJȚțȒĮȞĮȜȖȘıȓĮȖİȖȠȞȩȢʌȠȣʌȡȠıijȑȡİȚIJȘįȣȞĮIJȩIJȘIJĮȖȚĮ
ȐȝİıȘȝİIJİȖȤİȚȡȘIJȚțȒțȚȞȘIJȠʌȠȓȘıȘIJȠȣĮȖțȫȞĮ
ƵNJDŽǀǎdžǕǂNJNjǂǕƽǕLjǎdžǑƾǍǃǂǔLj
ǾȕĮıȚțȒİʌȑȝȕĮıȘİȓȞĮȚȘİʌȚȝİȜȒȢįȚȐȞȠȚȟȘIJȘȢĮȪȜĮțĮȢIJȠȣȦȜİȞȓȠȣıȦȜȒȞĮ
ȝİİʌȚȝȒțȘįȚĮIJȠȝȒIJȠȣȚȞȫįȠȣȢıȣȞįȑıȝȠȣǻȓįİIJĮȚʌȐȞIJĮȘĮʌĮȡĮȓIJȘIJȘ
ʌȡȠıȠȤȒȫıIJİȞĮȝȘįȚĮIJĮȡĮȤșİȓȘĮȚȝȐIJȦıȘIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣǻȚİȖȤİȚȡȘIJȚțȐ
țĮȚĮijȠȪȑȤİȚįȚĮȞȠȚȤșİȓʌȜȒȡȦȢȘĮȪȜĮțĮȖȓȞİIJĮȚțȐȝȥȘIJȠȣĮȖțȫȞĮțĮȚ
İțIJȓȝȘıȘIJȘȢIJȐıȘȢʌȠȣĮȞĮʌIJȪııİIJĮȚıIJȠȞİȪȡȠ

ǹǼȐȞIJȠȞİȪȡȠʌĮȡĮȝȑȞİȚȤĮȜĮȡȩIJȩIJİĮțȠȜȠȣșİȓıȪȖțȜİȚıȘIJȠȣIJȡĮȪȝĮIJȠȢțĮȚȘ
İʌȑȝȕĮıȘȠȜȠțȜȘȡȫȞİIJĮȚ

ǹʌȠıȣȝʌȓİıȘȦȜİȞȓȠȣȞİȪȡȠȣ

ǺǼȐȞįȚĮʌȚıIJȦșİȓĮȪȟȘıȘIJȘȢIJȐıȘȢțĮȚIJȘȢʌȓİıȘȢIJȠȣȞİȪȡȠȣțĮIJȐIJȘȞțȐȝȥȘ
IJȠȣĮȖțȫȞĮIJȩIJİįȚİȞİȡȖİȓIJĮȚıȣȞȒșȦȢʌȡȩıșȚĮȝİIJȐșİıȘIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣ
ȂİIJȘȞʌȡȩıșȚĮȝİIJȐșİıȘIJȠȞİȪȡȠĮțȠȜȠȣșİȓıȣȞIJȠȝȩIJİȡȘįȚĮįȡȠȝȒȝİİȜȐȤȚıIJȘ
IJȐıȘțĮIJȐIJȘȞțȐȝȥȘIJȠȣĮȖțȫȞĮǾʌȡȩıșȚĮȝİIJȐșİıȘȝʌȠȡİȓȞĮȖȓȞİȚȝİ
IJȠʌȠșȑIJȘıȘIJȠȣȞİȪȡȠȣıIJȠȞȣʌȠįȩȡȚȠȜȚʌȫįȘȚıIJȩ țȐIJȚʌȠȣİȓȞĮȚİʌȓijȠȕȠįȚȩIJȚ
IJȠȞİȪȡȠȝȑȞİȚ³ĮʌȡȠıIJȐIJİȣIJȠ´țȐIJȦĮʌȩIJȠįȑȡȝĮ 

ǼȞĮȜȜĮțIJȚțȐȘʌȡȩıșȚĮȝİIJȐșİıȘIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣȖȓȞİIJĮȚȝİIJȠʌȠșȑIJȘıȘIJȠȣ
ȞİȪȡȠȣȕĮșȪIJİȡĮȝȑıĮıİȝȚĮȝȣȧțȒıIJȠȚȕȐįĮǾIJİȤȞȚțȒĮȣIJȒȠʌȠȓĮʌȡȠıijȑȡİȚ
ʌİȡȚııȩIJİȡȘʌȡȠıIJĮıȓĮıIJȠȞİȪȡȠ

ǹʌȠıȣȝʌȓİıȘțĮȚʌȡȩıșȚĮȝİIJȐșİıȘIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣ

īȂȚĮİʌȑȝȕĮıȘȜȓȖȠʌȚȠįȚĮijȠȡİIJȚțȒİȓȞĮȚȘȑıȦİʌȚțȠȞįȣȜİțIJȠȝȒǼȓȞĮȚȝȚĮ
İʌȑȝȕĮıȘʌȠȣȖȚȞȩIJĮȞʌĮȜĮȚȩIJİȡĮĮȜȜȐIJĮIJİȜİȣIJĮȓĮȤȡȩȞȚĮȑȤİȚțİȡįȓıİȚȟĮȞȐ
ȑįĮijȠȢȀĮIJȐIJȘȞİʌȑȝȕĮıȘĮȣIJȒȖȓȞİIJĮȚįȚȐȞȠȚȟȘIJȘȢĮȪȜĮțĮȢIJȠȣȦȜİȞȓȠȣțĮȚ
ĮʌȠıȣȝʌȓİıȘIJȠȣȞİȪȡȠȣ ȩʌȦȢțĮȚıIJȚȢʌȡȠȘȖȠȪȝİȞİȢİʌİȝȕȐıİȚȢ ǹȞIJȓȖȚĮ
ʌȡȩıșȚĮȝİIJȐșİıȘIJȠȣȞİȪȡȠȣĮțȠȜȠȣșİȓȘĮijĮȓȡİıȘIJȝȒȝĮIJȠȢIJȠȣȑıȦ
İʌȚțȠȞįȪȜȠȣǾȝȑșȠįȠȢĮȣIJȒİʌȚIJȡȑʌİȚıIJȠȦȜȑȞȚȠȞİȪȡȠIJȘȞȒʌȚĮȠȜȓıșȘıȒ
IJȠȣʌȡȠȢIJĮİȝʌȡȩȢıİȑȞĮȞʌȚȠıȪȞIJȠȝȠįȡȩȝȠȤȦȡȓȢʌȚȑıİȚȢțĮȚȤȦȡȓȢIJȠȞ
țȓȞįȣȞȠIJȘȢʌȡȩıșȚĮȢȝİIJȐșİıȘȢĮȣIJȠȪDzIJıȚIJȠȞİȪȡȠʌĮȡĮȝȑȞİȚıIJȘșȑıȘIJȠȣ
ȑȤȠȞIJĮȢIJȘįȣȞĮIJȩIJȘIJĮȞĮțȚȞȘșİȓʌȚȠİȜİȪșİȡĮȤȦȡȓȢȞĮʌȚȑȗİIJĮȚĮʌȩIJȠȞȑıȦ
İʌȚțȩȞįȣȜȠĭȣıȚțȐȘİʌȑȝȕĮıȘĮʌĮȚIJİȓȖȞȫıȘțĮȚİȝʌİȚȡȓĮȖȚĮȞĮĮʌȠijİȣȤșİȓ
ĮıIJȐșİȚĮIJȘȢȐȡșȡȦıȘȢȜȩȖȦIJȘȢȖİȚIJȞȓĮıȘȢIJȠȣȑıȦʌȜĮȖȓȠȣıȣȞįȑıȝȠȣ

DzıȦİʌȚțȠȞįȣȜİțIJȠȝȒ

ƧǎDžǐǔNjǐǑNJNjƿǂǑǐǔǖǍǑǀdžǔLjǂǑǐǔǖǍǑǀdžǔLjǕǐǖǚnjdžǎǀǐǖǎdžǞǒǐǖ

ȈİȠȡȚıȝȑȞİȢʌİȡȚʌIJȫıİȚȢĮʌȜȒȢĮʌȠıȣȝʌȓİıȘȢIJȠȣȞİȪȡȠȣȘİʌȑȝȕĮıȘȝʌȠȡİȓ
ȞĮʌȡĮȖȝĮIJȠʌȠȚȘșİȓİȞįȠıțȠʌȚțȐīȓȞİIJĮȚȝİIJȘȕȠȒșİȚĮȝȚțȡȠțȐȝİȡĮȢʌȠȣ
İȚıȐȖİIJĮȚĮʌȩȝȚțȡȒIJȠȝȒțĮȚȘȦȜȑȞȚĮĮȪȜĮțĮįȚĮȞȠȓȖİIJĮȚİțIJȦȞȑıȦȝİİȚįȚțȐ
İȡȖĮȜİȓĮ ȂİIJȘȞİȞįȠıțȠʌȚțȒȝȑșȠįȠįİȞȑȤȠȣȝİIJȘįȣȞĮIJȩIJȘIJĮȝİIJĮijȠȡȐȢIJȠȣ
ȞİȪȡȠȣȒİʌȚțȠȞįȣȜİțIJȠȝȒȢȆȡȑʌİȚȞĮİʌȚIJİȜİȓIJĮȚıİĮıșİȞİȓȢȝİȒʌȚĮʌȓİıȘIJȠȣ
ȦȜİȞȓȠȣȞİȪȡȠȣīȚĮIJȠȜȩȖȠĮȣIJȩȘİȞįȠıțȠʌȚțȒĮʌȠıȣȝʌȓİıȘĮʌĮȚIJİȓ
ʌȡȠıİțIJȚțȒİʌȚȜȠȖȒIJȠȣĮıșİȞȠȪȢțĮȚȑȤİȚʌİȡȚȠȡȚıȝȑȞİȢİȞįİȓȟİȚȢǼijȩıȠȞ
İʌȚȜİȖİȓʌȡȑʌİȚȞĮȖȞȦȡȓȗȠȣȝİȩIJȚIJȠțȩıIJȠȢIJȘȢİʌȑȝȕĮıȘȢĮȣȟȐȞİIJĮȚıȘȝĮȞIJȚțȐ
ȜȩȖȦIJȠȣİȟȠʌȜȚıȝȠȪʌȠȣĮʌĮȚIJİȓIJĮȚ

ƸǒdžNJƽLJdžǕǂNJǎǐǔLjnjdžǀǂǍdžǕƽǍdžǕƽǂǑǝǂǑǐǔǖǍǑǀdžǔLjǚnjdžǎǀǐǖǎdžǞǒǐǖ

ǹʌȩȚĮIJȡȚțȒȢȐʌȠȥȘȢįİȤȡİȚȐȗİIJĮȚʌĮȡĮȝȠȞȒıIJȠȞȠıȠțȠȝİȓȠțĮȚȠĮıșİȞȒȢ
ȝʌȠȡİȓȞĮİʌȚıIJȡȑȥİȚıIJȠıʌȓIJȚIJȠȣȫȡİȢȝİIJȐIJȘȞİʌȑȝȕĮıȘǼȐȞIJȠİʌȚșȣȝİȓ
ȝʌȠȡİȓȞĮʌĮȡĮȝİȓȞİȚȞȠıȘȜİȣȩȝİȞȠȢȖȚĮȑȞĮȕȡȐįȣ
ƲǐNJǂdžǀǎǂNJLjǂǑǐljdžǒǂǑdžǀǂǍdžǕƽǂǑǝǂǑǐǔǖǍǑǀdžǔLjǚnjdžǎǀǐǖǎdžǞǒǐǖ

ǹʌĮȚIJİȓIJĮȚʌȡȠıȠȤȒıIJȘȞİʌȠȪȜȦıȘIJȠȣȤİȚȡȠȣȡȖȚțȠȪIJȡĮȪȝĮIJȠȢIJȚȢʌȡȫIJİȢ
İȕįȠȝȐįİȢǹʌȩIJȚȢʌȡȫIJİȢȘȝȑȡİȢȠĮıșİȞȒȢİțʌĮȚįİȪİIJĮȚȞĮțȐȝʌIJİȚIJȠȞ
ĮȖțȫȞĮǵȜȠȚȠȚĮıșİȞİȓȢIJȘȢȠȝȐįĮȢȝĮȢȜĮȝȕȐȞȠȣȞİȟĮIJȠȝȚțİȣȝȑȞȠʌȡȩȖȡĮȝȝĮ
ĮıțȒıİȦȞțĮȚțȚȞȘıȚȠșİȡĮʌİȓĮȢIJȠȠʌȠȓȠʌĮȡĮțȠȜȠȣșİȓIJĮȚıIJȠȣȢIJĮțIJȚțȠȪȢ
İʌĮȞİȜȑȖȤȠȣȢȈȣȞȒșȦȢȘĮʌȠșİȡĮʌİȓĮțȣȝĮȓȞİIJĮȚĮʌȩȑȦȢİȕįȠȝȐįİȢ
ĮȞĮȜȩȖȦȢIJȘȢİʌȑȝȕĮıȘȢ
+RPR&RPSXWHUXVȅıȪȖȤȡȠȞȠȢȐȞșȡȦʌȠȢ
RVWRXQJUKRPRFRPSXWHUXV

ĭİȕȡȠȣĮȡȓȠȣ

ǹʌȩIJȘȞİʌȠȤȒIJȠȣ +RPRHUHFWXV ȩȡșȚȠȢȐȞșȡȦʌȠȢ ȝȑȤȡȚIJȠȞıȘȝİȡȚȞȩ

ȐȞșȡȦʌȠ IJȠȞ +RPRVDSLHQVVDSLHQVIJȠȝȠȞĮįȚțȩıȦȗȩȝİȞȠȣʌȠİȓįȠȢIJȠȣ
+RPRVDSLHQV ȘİȟȑȜȚȟȘIJȠȣİȓįȠȣȢȝĮȢʌȑȡĮıİȝȑıĮĮʌȩʌȠȜȜȐıIJȐįȚĮ
ıȣıȤİIJȚȗȩȝİȞĮıİȝİȖȐȜȠȕĮșȝȩȝİIJȠȞIJȡȩʌȠȗȦȒȢȅIJȡȩʌȠȢȗȦȒȢIJȠȣ
ıȪȖȤȡȠȞȠȣĮȞșȡȫʌȠȣȑȤİȚİʌȚȡİȐıİȚıİIJȑIJȠȚȠȕĮșȝȩIJȚȢıȣȞȒșİȚȑȢIJȠȣȫıIJİȞĮ
İȓȞĮȚʌȚĮİȝijĮȞİȓȢȠȡȚıȝȑȞİȢʌĮșȒıİȚȢȠȚȠʌȠȓİȢʌĮȜĮȚȩIJİȡĮȒIJĮȞıʌȐȞȚİȢțĮȚ
ĮʌȓșĮȞİȢȈİıȣȞįȣĮıȝȩȝİIJȘȞĮȪȟȘıȘIJȠȣȝȑıȠȣȩȡȠȣȗȦȒȢȠȚʌĮșȒıİȚȢĮȣIJȑȢ
ȝʌȠȡİȓȞĮʌȡȠțĮȜȑıȠȣȞȜİȚIJȠȣȡȖȚțȑȢįȣıțȠȜȓİȢıİȝİȖȐȜȠȤȡȠȞȚțȩįȚȐıIJȘȝĮțĮIJȐ
IJȘįȚȐȡțİȚĮIJȘȢȗȦȒȢțĮȚȞĮȠįȘȖȒıȠȣȞĮțȩȝĮțĮȚıİȝĮțȡȠȤȡȩȞȚİȢĮȞȚțĮȞȩIJȘIJİȢ
ȅıȪȖȤȡȠȞȠȢȐȞșȡȦʌȠȢʌİȡȞȐİȚĮȡțİIJȑȢȫȡİȢIJȘȞȘȝȑȡĮțĮșȚıIJȩȢıİȑȞĮ
ȖȡĮijİȓȠțĮȚıȣȞȒșȦȢȝʌȡȠıIJȐĮʌȩȝȚĮȠșȩȞȘȘȜİțIJȡȠȞȚțȠȪȣʌȠȜȠȖȚıIJȒ
ǾʌȡȠıȒȜȦıȘȝʌȡȠıIJȐıIJȠȞȣʌȠȜȠȖȚıIJȒİʌȚijȑȡİȚĮȜȜĮȖȑȢıIJȘıIJȐıȘIJȠȣ
ıȫȝĮIJȠȢțĮȚȝʌȠȡİȓȞĮįȘȝȚȠȣȡȖȒıİȚȝȚĮıİȚȡȐʌȡȠȕȜȘȝȐIJȦȞʌȠȣșĮĮȞĮȜȣșȠȪȞ
įȚİȟȠįȚțȐȩʌȦȢ

ǹȣȤİȞȠȕȡĮȤȚȩȞȚȠıȪȞįȡȠȝȠ
ȆĮșȒıİȚȢIJȠȣȫȝȠȣ
ȆĮșȒıİȚȢIJȠȣĮȖțȫȞĮ
ȆĮșȒıİȚȢțĮȡʌȠȪțĮȚįĮțIJȪȜȦȞ
ȇĮȤȚĮȜȖȓĮțĮȚȠıijȣĮȜȖȓĮ
ȆĮșȒıİȚȢIJȠȣȖȩȞĮIJȠȢțĮȚIJȠȣʌȠįȚȠȪ

ǹȣȤİȞȠȕȡĮȤȚȩȞȚȠıȪȞįȡȠȝȠ ĮȞțĮȚȠȩȡȠȢĮȣIJȩȢįİȞĮȞİȣȡȓıțİIJĮȚıIJȘȞ
İʌȓıȘȝȘȚĮIJȡȚțȒȕȚȕȜȚȠȖȡĮijȓĮİȞIJȠȪIJȠȚȢȤȡȘıȚȝȠʌȠȚİȓIJĮȚIJĮIJİȜİȣIJĮȓĮȤȡȩȞȚĮȖȚĮ
ȞĮʌİȡȚȖȡȐȥİȚIJȠıȪȞȠȜȠIJȦȞıȣȝʌIJȦȝȐIJȦȞʌȠȣİȞIJȠʌȓȗȠȞIJĮȚıIJȠȞ ĮȣȤȑȞĮ țĮȚ
IJȠ ȐȞȦȐțȡȠǾțĮțȒıIJȐıȘIJȠȣıȫȝĮIJȠȢȘțȐȝȥȘ țȪijȦıȘ IJȠȣșȫȡĮțĮțĮȚIJȠȣ
ĮȣȤȑȞĮȝʌȡȠıIJȐıIJȠȞȣʌȠȜȠȖȚıIJȒıİıȣȞįȣĮıȝȩȝİȜĮȞșĮıȝȑȞȘȣʌȠıIJȒȡȚȟȘIJȦȞ
ȤİȡȚȫȞȠįȘȖİȓȖȡȒȖȠȡĮıİ ȝȣȧțȒțȩʌȦıȘ țĮȚʌȩȞȠıIJȠȣȢȝȣȢIJȠȣĮȣȤȑȞĮIJȘȢ
ȡȐȤȘȢțĮȚIJȘȢȦȝȚțȒȢȗȫȞȘȢǾıIJȡȠijȒIJȘȢțİijĮȜȒȢĮȡȚıIJİȡȐȒįİȟȚȐȖȚĮĮȡțİIJȒ
ȫȡĮĮȞĮȜȩȖȦȢȝİIJȘșȑıȘIJȘȢȠșȩȞȘȢʌȡȠțĮȜİȓʌȠȜȪıȪȞIJȠȝĮ ȝȣȧțȩʌȚȐıȚȝȠ
IJȠȠʌȠȓȠıȣȤȞȐĮȞIJĮȞĮțȜȐıIJȠȕȡĮȤȓȠȞĮȉĮȤĮȡĮțIJȘȡȚıIJȚțȐıȪȞįȡȠȝĮțȩʌȦıȘȢ
ȠijİȓȜȠȞIJĮȚıİĮȣIJȐĮțȡȚȕȫȢIJĮȝȣȧțȐʌȚĮıȓȝĮIJĮIJȠȣĮȣȤȑȞĮIJȠȣȕȡĮȤȓȠȞĮIJȦȞ
țĮȡʌȠȪțĮȚIJȦȞįĮțIJȪȜȦȞțĮȚİȓȞĮȚıȣȞȒșȘıİĮȞșȡȫʌȠȣȢʌȠȣİȡȖȐȗȠȞIJĮȚʌȠȜȜȑȢ
ȫȡİȢȝİȣʌȠȜȠȖȚıIJȒīȚĮIJȠȜȩȖȠĮȣIJȩȠȚȚĮIJȡȠȓİȡȖĮıȓĮȢıȣȞȚıIJȠȪȞ ıȣȤȞȐ
įȚĮȜİȓȝȝĮIJĮ ȖȚĮʌİȡʌȐIJȘȝĮ ¶țȐșİȫȡĮ țĮȚįȚȐȜİȚȝȝĮȝİįȚĮIJȐıİȚȢțĮȚ
ȟİȝȠȪįȚĮıȝĮ ¶țȐșİȫȡİȢ
ȆĮșȒıİȚȢIJȠȣȫȝȠȣ ȘțĮțȒȣʌȠıIJȒȡȚȟȘIJȦȞĮȖțȫȞȦȞĮijȒȞİȚʌȠȜȜȑȢȫȡİȢ
©ĮțȐȜȣʌIJȠªIJȠȞȫȝȠȝİĮʌȠIJȑȜİıȝĮIJȘıIJȡȠijȒIJȘȢȦȝȠʌȜȐIJȘȢʌȡȠȢIJȠİȝʌȡȩȢ
țĮȚțȐIJȦȍȢıȣȞȑʌİȚĮȑȤȠȣȝİIJȠȞİȡİșȚıȝȩIJȦȞIJİȞȩȞIJȦȞIJȠȣȫȝȠȣ țȣȡȓȦȢIJȠȣ
ȣʌİȡĮțĮȞșȓȠȣ țĮȚIJȘȞʌȡȩıțȡȠȣıȘĮȣIJȫȞıIJȠȠıIJȩ ıȪȞįȡȠȝȠ
ʌȡȩıțȡȠȣıȘȢ ǾʌȡȩıijĮIJȘȕȚȕȜȚȠȖȡĮijȓĮĮȞĮȖȞȦȡȓȗİȚIJĮʌȡȠȕȜȒȝĮIJĮ
IJȘȢ įȣıțȚȞȘıȓĮȢIJȘȢȦȝȠʌȜȐIJȘȢ VFDSXODUG\VNLQHVLD ȦȢĮȚIJȚȠȜȠȖȚțȩ
ʌĮȡȐȖȠȞIJĮʌȩȞȠȣIJȠȣȫȝȠȣıİĮȞșȡȫʌȠȣȢʌȠȣȤȡȘıȚȝȠʌȠȚȠȪȞʌȜȘțIJȡȠȜȩȖȚȠ
ȤȦȡȓȢȞĮȣʌȠıIJȘȡȓȗȠȣȞIJȠȣȢĮȖțȫȞİȢIJȠȣȢʌȐȞȦıIJȠȖȡĮijİȓȠ

ȆĮșȒıİȚȢIJȠȣĮȖțȫȞĮ ȘĮʌȠįİțIJȒșȑıȘIJȦȞĮȖțȫȞȦȞİȓȞĮȚȘ țȐȝȥȘ

Ƞ ȠȡșȒȖȦȞȓĮ ȆĮȡȐIJȘıȦıIJȒȡȪșȝȚıȘIJȘȢʌȜȐIJȘȢIJȠȣțĮșȓıȝĮIJȠȢȝʌȠȡİȓȠȚ
ĮȖțȫȞİȢțĮȚIJĮȤȑȡȚĮȞĮİȟĮțȠȜȠȣșȠȪȞȞĮȕȡȓıțȠȞIJĮȚıİșȑıȘȝİȖĮȜȪIJİȡȘȢȒ
ȝȚțȡȩIJİȡȘȢțȐȝȥȘȢǹȣIJȩȠįȘȖİȓıİĮȣȟȘȝȑȞȘʌȓİıȘIJȘȢʌİȡȚȠȤȒȢIJȠȣĮȞIJȚȕȡĮȤȓȠȣ
IJȠȣʌȒȤȘ ĮȜȜȐțĮȚıİʌȡȠȕȜȒȝĮIJĮIJȠȣțĮȡʌȠȪțĮȚIJȦȞįĮțIJȪȜȦȞȩʌȦȢșĮ
ĮȞĮȜȪıȠȣȝİʌĮȡĮțȐIJȦǾıȣȤȞȒȤȡȒıȘIJȦȞİțIJİȚȞȩȞIJȦȞIJȠȣțĮȡʌȠȪțĮȚIJȦȞ
įĮțIJȪȜȦȞʌȠȣȑȤȠȣȞIJȘȞȑțijȣıȒIJȠȣȢıIJȠȞĮȖțȫȞĮȠįȘȖİȓıȣȤȞȐıIJȘȞ
İʌȚțȠȞįȣȜȓIJȚįĮIJȠȣĮȖțȫȞĮȒʌİȡȚııȩIJİȡȠȖȞȦıIJȒȦȢ ³WHQQLVHOERZ´ ȂȐȜȚıIJĮ
İʌİȚįȒIJĮIJİȜİȣIJĮȓĮȤȡȩȞȚĮĮȞİȣȡȓıțİIJĮȚıȣȤȞȩIJİȡĮȦȢĮȚIJȚȠȜȠȖȚțȩȢʌĮȡȐȖȦȞȘ
ȤȡȒıȘʌȜȘțIJȡȠȜȠȖȓȠȣʌĮȡȐIJȠȣIJȑȞȞȚȢȠȩȡȠȢIJİȓȞİȚȞĮĮȞIJȚțĮIJĮıIJĮșİȓĮʌȩ
³WHQQLVHOERZ´ıİ ³PRXVHHOERZ´

ȆĮșȒıİȚȢIJȠȣțĮȡʌȠȪțĮȚįĮțIJȪȜȦȞ ȘșȑıȘIJȠȣțĮȡʌȠȪțĮȚIJȦȞįĮțIJȪȜȦȞ
ıIJȠʌȜȘțIJȡȠȜȩȖȚȠijȑȡȞİȚIJȘȞʌĮȜȐȝȘıİİʌĮijȒȝİIJȠȖȡĮijİȓȠīȚĮȞĮİʌȚIJİȣȤșİȓ
ĮȣIJȩIJĮȠıIJȐIJȠȣĮȞIJȚȕȡĮȤȓȠȣȕȡȓıțȠȞIJĮȚıİʌȡȘȞȚıȝȩıİȝȚĮ©ȐȕȠȜȘªĮȞĮIJȠȝȚțȐ
șȑıȘʌȠȣȤȚȐȗİȚIJĮȠıIJȐțİȡțȓįĮțĮȚȦȜȑȞȘțĮȚȠįȘȖİȓıİ țȩʌȦıȘIJȦȞȝȣȫȞIJȠȣ
ʌȒȤȘİȐȞįȚĮIJȘȡȘșİȓȖȚĮʌȠȜȜȒȫȡĮǼʌȚʌȜȑȠȞȘĮȣȟȘȝȑȞȘʌȓİıȘIJȘȢʌĮȜȐȝȘȢ
ʌȐȞȦıIJȠȖȡĮijİȓȠʌİȡȚȠȡȓȗİȚIJȘıȦıIJȒĮȚȝȐIJȦıȘIJȘȢʌİȡȚȠȤȒȢįȣıȤİȡĮȓȞȠȞIJĮȢ
ĮțȩȝȘʌİȡȚııȩIJİȡȠIJȘȜİȚIJȠȣȡȖȓĮIJȠȣȤİȡȚȠȪȈIJȘșȑıȘĮȣIJȒȝʌȠȡİȓİʌȓıȘȢȞĮ
ʌȚİıIJİȓıIJȘȞʌĮȜȐȝȘIJȠ ȝȑıȠȞİȪȡȠȠįȘȖȫȞIJĮȢıİȝȠȪįȚĮıȝĮIJȠȣĮȞIJȓȤİȚȡĮ
įİȓțIJȘȝȑıȠȣțĮȚIJȠȣȝȚıȠȪʌĮȡȐȝİıȠȣįĮțIJȪȜȠȣ
ǾȑțIJĮıȘIJȦȞįĮțIJȪȜȦȞțĮIJȐIJȘȞʌȜȘțIJȡȠȜȩȖȘıȘȝʌȠȡİȓȞĮȠįȘȖȒıİȚıİ
İʌȓȝȠȞİȢțĮȚİʌȫįȣȞİȢ IJİȞȠȞIJȓIJȚįİȢIJȩıȠıIJȘȞʌİȡȚȠȤȒIJȠȣĮȖțȫȞĮȩıȠțĮȚ
ıIJȠȞțĮȡʌȩȈȪȞįȡȠȝĮȩʌȦȢȠ İțIJȚȞĮııȩȝİȞȠȢįȐțIJȣȜȠȢ țĮȚ
Ș İʌȚțȠȞįȣȜȓIJȚįĮIJȠȣĮȖțȫȞĮ ȑȤȠȣȞIJȘȞĮȚIJȚȠȜȠȖȚțȒIJȠȣȢȕȐıȘıIJȘȞʌȠȜȪȦȡȘ
țĮșȘȝİȡȚȞȒȤȡȒıȘIJȠȣʌȜȘțIJȡȠȜȠȖȓȠȣțĮȚIJȠȣʌȠȞIJȚțȚȠȪǼȚįȚțȐıȤİįȚĮıȝȑȞĮ
©ʌȠȞIJȓțȚĮªȕȠȘșȠȪȞȞĮȜİȚIJȠȣȡȖİȓIJȠȤȑȡȚıİʌȚȠĮȞĮIJȠȝȚțȒșȑıȘįİȝʌȠȡȠȪȞ
ȩȝȦȢȞĮİȟĮȜİȓȥȠȣȞʌȜȒȡȦȢIJĮıȣȝʌIJȫȝĮIJĮĮʌȩIJȘȞʌȠȜȪȦȡȘȤȡȒıȘIJȠȣ
ȣʌȠȜȠȖȚıIJȒ
ǾʌȠȜȪıȣȤȞȒȤȡȒıȘIJȠȣʌȜȒțIJȡȠȣ³VSDFH´ĮʌȩIJȠȞĮȞIJȓȤİȚȡĮȝʌȠȡİȓȞĮ
ʌȡȠțĮȜȑıİȚİȡİșȚıȝȩIJȦȞIJİȞȩȞIJȦȞȑțIJĮıȘȢțĮȚĮʌĮȖȦȖȒȢIJȠȣĮȞIJȓȤİȚȡĮ
ȠįȘȖȫȞIJĮȢıIJȘįȘȝȚȠȣȡȖȓĮ IJİȞȠȞIJȠİȜȣIJȡȓIJȚįĮȢIJȠȣĮȞIJȓȤİȚȡĮȖȞȦıIJȒȢȦȢ
IJİȞȠȞIJȠİȜȣIJȡȓIJȚįĮȢ ³'H4XHUYDLQ´
ǾʌĮȡĮIJİIJĮȝȑȞȘȣʌİȡȑțIJĮıȘIJȠȣțĮȡʌȠȪțĮȚIJȦȞįĮțIJȪȜȦȞȝʌȠȡİȓȞĮʌİȡȚȠȡȚıIJİȓ
ȝİIJȘȤȡȒıȘȝĮȜĮțȠȪȣʌȠıIJȡȫȝĮIJȠȢțȐIJȦĮʌȩIJȘȞʌĮȜȐȝȘIJȩıȠȝʌȡȠıIJȐĮʌȩ
IJȠʌȜȘțIJȡȠȜȩȖȚȠȩıȠțĮȚȝʌȡȠıIJȐĮʌȩIJȠʌȠȞIJȓțȚ7ĮIJİȜİȣIJĮȓĮȤȡȩȞȚĮȑȤȠȣȞ
țȣțȜȠijȠȡȒıİȚ ©ıʌĮıIJȐªȒ©țȣȡIJȐªʌȜȘțIJȡȠȜȩȖȚĮİȚįȚțȐıȤİįȚĮıȝȑȞĮȫıIJİ
ȞĮȝİȚȫȞȠȣȞIJȠȞʌȡȘȞȚıȝȩIJȠȣȤİȡȚȠȪțĮȚȞĮșȑIJȠȣȞIJȠȞʌȒȤȘıİȝȚĮʌȚȠ
ȟİțȠȪȡĮıIJȘșȑıȘ
ȇĮȤȚĮȜȖȓĮțĮȚȠıijȣĮȜȖȓĮ ȘʌȠȜȪȦȡȘțĮșȚıIJȒșȑıȘȝİʌȜȘȝȝİȜȒȣʌȠıIJȒȡȚȟȘ
IJȘȢȠıijȪȠȢȠįȘȖİȓʌȠȜȪıȪȞIJȠȝĮıİȠıijȣĮȜȖȓĮțĮȚȡĮȤȚĮȜȖȓĮǹʌȠIJİȜİıȝĮIJȚțȩ
ȝȑıȠʌȡȩȜȘȥȘȢİȓȞĮȚȘȤȡȒıȘ ȝĮȟȚȜĮȡȚȠȪıIJȘȞʌȜȐIJȘIJȠȣțĮșȓıȝĮIJȠȢʌȠȣ
ıIJȘȡȓȗİȚıȦıIJȐIJȘȞȠıijȣȧțȒȝȠȓȡĮIJȘȢıʌȠȞįȣȜȚțȒȢıIJȒȜȘȢțĮȚȘIJĮțIJȚțȒĮȞȐ
ȝȚıȒȝİȝȓĮȫȡĮ ȑȖİȡıȘ țĮȚȕȐįȚıȘȜȓȖȦȞȝȑIJȡȦȞȖȚĮ©ȟİȝȠȪįȚĮıȝĮª

ȆĮșȒıİȚȢIJȠȣȖȩȞĮIJȠȢțĮȚIJȠȣʌȠįȚȠȪ ȆĮȡĮIJİIJĮȝȑȞȘĮțȚȞȘIJȠʌȠȓȘıȘIJȠȣ
ȖȩȞĮIJȠȢıIJȚȢȠ ȠįȘȖİȓıİİȞȠȤȜȒıİȚȢıIJȘȞ ʌȡȩıșȚĮİʌȚijȐȞİȚĮIJȠȣȖȩȞĮIJȠȢ
ȆĮȡȠȝȠȓȦȢȘʌȓİıȘıIJȠʌȩįȚȝʌȠȡİȓȞĮȠįȘȖȒıİȚıİĮȓıșȘȝĮțĮȪıȠȣȢıIJȠ
ʌȑȜȝĮǹʌȠIJİȜİıȝĮIJȚțȒȝȑșȠįȠȢIJȩıȠȖȚĮIJȘȞİȞȩȤȜȘıȘıIJȠȖȩȞĮIJȠȩıȠțĮȚIJȠ
ʌȩįȚİȓȞĮȚȘȤȡȒıȘİȞȩȢȣʌȠʌȠįȓȠȣ ʌİȡȓʌȠȣȠǼʌȓıȘȢIJĮıȣȤȞȐįȚĮȜİȓȝȝĮIJĮ
ĮʌȩIJȘȞțĮșȚıIJȒșȑıȘȝİ ȕȐįȚıȝĮȜİʌIJȫȞșĮȕȠȘșȒıȠȣȞıIJȘȞțĮȜȪIJİȡȘ
ĮȚȝĮIJȚțȒțȣțȜȠijȠȡȓĮIJȠȣțȐIJȦȐțȡȠȣțĮȚıIJȘȞĮʌȠijȣȖȒĮȚıșȒȝĮIJȠȢțĮȪıȠȣȢȒ
ʌȡȘȟȓȝĮIJȠȢIJȦȞʌȠįȚȫȞ
ǾȤȡȒıȘijȠȡȘIJȠȪȘȜİțIJȡȠȞȚțȠȪȣʌȠȜȠȖȚıIJȒ ODSWRS ĮȜȜȐțĮȚIJȠȣWDEOHW
İʌȚȕĮȡȪȞİȚIJȠȞĮȞșȡȫʌȚȞȠıțİȜİIJȩĮțȩȝĮʌİȡȚııȩIJİȡȠİȐȞȣʌȠȜȠȖȓıȠȣȝİȩIJȚȘ
ȤȡȒıȘODSWRSȖȓȞİIJĮȚĮțȩȝĮțĮȚıIJȠțȡİȕȐIJȚǼʌȚʌȜȑȠȞȑȤİȚĮʌȠįİȚȤșİȓ
İʌȚıIJȘȝȠȞȚțȐȩIJȚȘ șİȡȝȩIJȘIJĮ ʌȠȣİțȜȪİȚȠijȠȡȘIJȩȢȣʌȠȜȠȖȚıIJȒȢȠȠʌȠȓȠȢȦȢ
İʌȓIJȠʌȜİȓıIJȠȞĮțȠȣȝʌȐİȚıIJĮʌȩįȚĮȝĮȢʌȜȘıȓȠȞIJȦȞȖİȞȞȘIJȚțȫȞȠȡȖȐȞȦȞȑȤİȚ
ıȣıȤİIJȚıIJİȓȝİ ʌȡȠȕȜȒȝĮIJĮȣʌȠȖȠȞȚȝȩIJȘIJĮȢ
ȈİıȣȞįȣĮıȝȩȝİIJĮʌĮȡĮʌȐȞȦįİșĮʌȡȑʌİȚȞĮȟİȤȞȐȝİIJȘȞĮȡȞȘIJȚțȒİʌȓįȡĮıȘ
ʌȠȣȑȤİȚȠıȪȖȤȡȠȞȠȢIJȡȩʌȠȢȗȦȒȢıIJȠȞȠȡȖĮȞȚıȝȩȝĮȢȖİȞȚțȩIJİȡĮǾʌȠȜȪȦȡȘ
ĮʌĮıȤȩȜȘıȘıIJȠȖȡĮijİȓȠIJȠıIJȡİȢȘțĮțȒʌȠȚȩIJȘIJĮȪʌȞȠȣȘțĮțȒįȚĮIJȡȠijȒțĮȚ
ȘȑȜȜİȚȥȘȐıțȘıȘȢȠįȘȖȠȪȞıİʌȡȠȕȜȒȝĮIJĮĮʌȩIJȘȞțĮȡįȚȐ ʌȓİıȘĮȡȡȣșȝȓİȢ
ĮȪȟȘıȘȤȠȜȘıIJİȡȓȞȘȢȑȝijȡĮȖȝĮ IJȠȣȢİȞįȠțȡȚȞİȓȢĮįȑȞİȢ ıȐțȤĮȡȠ IJȠ
ȖĮıIJȡİȞIJİȡȚțȩ ȑȜțȘIJȠȣĮȞȫIJİȡȠȣțĮȚIJȠȣțĮIJȫIJİȡȠȣʌİʌIJȚțȠȪıȣıIJȒȝĮIJȠȢ 
țĮșȫȢțĮȚʌȡȠȕȜȒȝĮIJĮĮʌȩIJĮȝȐIJȚĮĮįȣȞĮȝȓĮıȣȖțȑȞIJȡȦıȘȢțĮȚȐȜȜĮʌȠȜȜȐ
ǹʌȠIJİȜİıȝĮIJȚțȐȝȑIJȡĮİȞȐȞIJȚĮıİȩȜĮĮȣIJȐİȓȞĮȚȑȞĮ ıȦıIJȩțĮȚȣȖȚİȚȞȩ
ʌȡȩȖȡĮȝȝĮįȚĮIJȡȠijȒȢ țĮȚȑȞĮ IJĮțIJȚțȩʌȡȩȖȡĮȝȝĮȐıțȘıȘȢ
IJȠȣȜȐȤȚıIJȠȞ įȪȠȝİIJȡİȚȢijȠȡȑȢ IJȘȞİȕįȠȝȐįĮ
ȈȣȞȠȥȓȗȠȞIJĮȢ șĮȜȑȖĮȝİȩIJȚȠıȪȖȤȡȠȞȠȢIJȡȩʌȠȢȗȦȒȢȑȤİȚįȘȝȚȠȣȡȖȒıİȚIJȚȢ
IJİȜİȣIJĮȓİȢįİțĮİIJȓİȢȑȞĮȞȑȠȣʌȠİȓįȠȢIJȠȞ +RPR&RPSXWHUXVȉĮ
ȤĮȡĮțIJȘȡȚıIJȚțȐIJȠȣİȓȞĮȚʌĮșȒıİȚȢIJȠȣȝȣȠıțİȜİIJȚțȠȪțĮȚȩȤȚȝȩȞȠıȣıIJȒȝĮIJȠȢ
ʌȠȣȠįȘȖȠȪȞıİȝİȓȦıȘIJȘȢʌȠȚȩIJȘIJĮȢȗȦȒȢȉȡȩʌȠȚȖȚĮȞĮʌİȡȚȠȡȚıIJȠȪȞIJĮ
ıȣȝʌIJȫȝĮIJĮĮȣIJȐİȓȞĮȚȘİȪȡİıȘIJȘȢ ıȦıIJȒȢșȑıȘȢİȡȖĮıȓĮȢ țĮȚȘ
İȟȠȚțȠȞȩȝȘıȘȤȡȩȞȠȣȖȚĮ țĮșȘȝİȡȚȞȒȐıțȘıȘ țĮȚ ȣȖȚİȚȞȒįȚĮIJȡȠijȒ
 RVWRXQJUPRXGLDVPDVWR[HUL

ǺĮıȓȜİȚȠȢĭȦIJȩʌȠȣȜȠȢ ȂĮǸȠȣ

ȂȠȪįȚĮıȝĮıIJȠȤȑȡȚ

ƵNJdžǀǎǂNJǕǐǍǐǞDžNJǂǔǍǂǔǕǐǘƾǒNJ
ȂȠȪįȚĮıȝĮȒĮȚȝȝȦįȓĮȜȑȖİIJĮȚȘȝİȚȦȝȑȞȘțĮȚįȚĮijȠȡȠʌȠȚȘȝȑȞȘĮȓıșȘıȘțĮIJȐ
IJȘȞȠʌȠȓĮȞȚȫșȠȣȝİıIJȠȤȑȡȚȝĮȢțȐIJȚıĮȞȕİȜȩȞȚĮıȝĮȒȝȣȡȝȒȖțȚĮıȝĮʌȠȣ
ʌȡȠțĮȜİȓʌİȡȚȠȡȚıȝȩıIJȘȞĮȓıșȘıȘIJȘȢĮijȒȢȀȐʌȠȚȠȚȐȞșȡȦʌȠȚșİȦȡȠȪȞȩIJȚIJȠ
ȤȑȡȚIJȠȣȢİȓȞĮȚȝȠȣįȚĮıȝȑȞȠȩIJĮȞİȓȞĮȚĮįȪȞĮȝȠțȐIJȚIJȠȠʌȠȓȠįİȞȚıȤȪİȚ
ǼʌȚʌȜȑȠȞʌȠȜȜȠȓȐȞșȡȦʌȠȚİțijȡȐȗȠȣȞȑȞĮĮȓıșȘȝĮțĮȪıȠȣıİıȣȖțİțȡȚȝȑȞȠ
ıȘȝİȓȠĮȜȜȐțĮȚȣʌȠįȩȡȚĮIJıȚȝʌȒȝĮIJĮȆĮȡȩȜĮĮȣIJȐʌȠȜȪıʌȐȞȚĮIJȠȝȠȪįȚĮıȝĮ
ıĮȞȝİȝȠȞȦȝȑȞȠijĮȚȞȩȝİȞȠĮʌȠIJİȜİȓțȓȞįȣȞȠȖȚĮIJȠȞȐȞșȡȦʌȠ

ƥNJǂǕǀǔǖǍǃǂǀǎdžNJǂǖǕǝ
ȉȠȝȠȪįȚĮıȝĮıIJȠȤȑȡȚıȣȝȕĮȓȞİȚȦȢĮʌȠIJȑȜİıȝĮʌȓİıȘȢȒȕȜȐȕȘȢțȐʌȠȚȠȣȒ
țȐʌȠȚȦȞȞİȪȡȦȞIJȠȣȤİȡȚȠȪȂʌȠȡİȓȞĮİȓȞĮȚțĮȚĮʌȠIJȑȜİıȝĮıȣıIJȘȝĮIJȚțȫȞ
ʌĮșȒıİȦȞȈIJȚȢʌİȡȚʌIJȫıİȚȢʌȓİıȘȢȒȕȜȐȕȘȢțȐʌȠȚȠȣȞİȪȡȠȣĮȣIJȩȝʌȠȡİȓȞĮ
ıȣȝȕİȓıIJĮĮțȩȜȠȣșĮ

ǼȖțȑijĮȜȠȢ ʌȤĮȖȖİȚĮțȩİȖțİijĮȜȚțȩİʌİȚıȩįȚȠȩȖțȠȢİȖțİijȐȜȠȣ 
ȈʌȠȞįȣȜȚțȒıIJȒȜȘ±ȞȦIJȚĮȓȠȢȝȣİȜȩȢ ʌȤʌȓİıȘİȞȩȢȞİȪȡȠȣIJȘȢ
ıʌȠȞįȣȜȚțȒȢıIJȒȜȘȢȩʌȦȢțȒȜȘȝİıȠıʌȠȞįȣȜȓȠȣįȓıțȠȣıIJȠȞĮȣȤȑȞĮ 
ǹȖțȫȞĮȢȝİʌȓİıȘIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣ ȦȜȑȞȚĮȞİȣȡȓIJȚįĮ
ȀĮȡʌȩȢȝİʌȓİıȘȝȑıȠȣȞİȪȡȠȣ țĮȡʌȚĮȓȠȢıȦȜȒȞĮȢ ȒȝİʌȓİıȘıIJȠ
ȦȜȑȞȚȠȞİȪȡȠ ȦȜȑȞȚĮȞİȣȡȓIJȚįĮıIJȘıȪȡĮȖȖĮIJȠȣ*X\RQ

ƴdžǑǐNJdžǓǔǖǔǕLjǍǂǕNJNjƾǓǑǂljƿǔdžNJǓNjǂǕǂǔǕƽǔdžNJǓǍǑǐǒdžǀǎǂ
ǍǐǖDžNJƽLJdžNJǕǐǘƾǒNJ
ȊʌȐȡȤȠȣȞʌȐȡĮʌȠȜȜȐıȣıIJȘȝĮIJȚțȐĮȓIJȚĮıIJĮȠʌȠȓĮȝʌȠȡİȓȞĮȠijİȓȜİIJĮȚIJȠ
ȝȠȪįȚĮıȝĮıIJȠȤȑȡȚȩʌȦȢ

ȈĮțȤĮȡȫįȘȢǻȚĮȕȒIJȘȢ
ȊʌİȡȕȠȜȚțȒțĮȚȤȡȩȞȚĮțĮIJĮȞȐȜȦıȘĮȜțȠȩȜ
ǼȖțİijĮȜȚțȩ
ǹȝȣȜȠİȓįȦıȘ
ȆİȡȚijİȡȚțȑȢȞİȣȡȠʌȐșİȚİȢ
īȐȖȖȜȚȠ
ȈȪȞįȡȠȝȠ*XLOODLQ%DUUH
+,9$,'6
ȃȩıȠȢIJȠȣ/\PH
ȈțȜȒȡȣȞıȘțĮIJȐʌȜȐțĮȢ
ȆĮȡĮȞİȠʌȜĮıȝĮIJȚțȐıȪȞįȡȠȝĮIJȠȣȞİȣȡȚțȠȪıȣıIJȒȝĮIJȠȢ
ȉȡĮȣȝĮIJȚıȝȩȢIJȠȣȕȡĮȤȚȩȞȚȠȣʌȜȑȖȝĮIJȠȢ
ȃȩıȠȢIJȠȣ5D\QDXG
ȆĮȡİȞȑȡȖİȚİȢĮʌȩijĮȡȝĮțİȣIJȚțȒĮȖȦȖȒȝİȤȘȝİȚȠșİȡĮʌİȓĮȢ
ȈȪȞįȡȠȝȠ6MRJUHQ
ȈȪijȚȜȘ
ǹȖȖİȚȓIJȚįĮ
țĮțȫıİȚȢıʌȠȞįȣȜȚțȒȢıIJȒȜȘȢ
ǹȞİʌȐȡțİȚĮȕȚIJĮȝȓȞȘȢǺ
ȀȡȣȠʌĮȖȒȝĮIJĮȒıİİȟĮȚȡİIJȚțȐȤĮȝȘȜȑȢșİȡȝȠțȡĮıȓİȢ
ȌȣȤȠȜȠȖȚțȠȓʌĮȡȐȖȠȞIJİȢ

ȆȚȠıȣȤȞȐIJȠȝȠȪįȚĮıȝĮıIJȠȤȑȡȚʌȡȠțĮȜİȓIJĮȚĮʌȩIJȠ©ȈȪȞįȡȠȝȠȀĮȡʌȚĮȓȠȣ
ȈȦȜȒȞĮªȉȠȈȪȞįȡȠȝȠȀĮȡʌȚĮȓȠȣȈȦȜȒȞĮȠijİȓȜİIJĮȚıIJȘȞʌȓİıȘIJȠȣȝȑıȠȣ
ȞİȪȡȠȣıIJȠȞțĮȡʌȩȈȣȤȞȐİȣșȪȞİIJĮȚțĮȚȘʌȠȜȪȦȡȘȤȡȒıȘIJȠȣʌȜȘțIJȡȠȜȠȖȓȠȣ
ıIJȠȞȘȜİțIJȡȠȞȚțȩȣʌȠȜȠȖȚıIJȒȖȚĮĮȣIJȩĮʌȠțĮȜİȓIJĮȚțĮȚ©ĮıșȑȞİȚĮIJȠȣ
ȣʌȠȜȠȖȚıIJȒª
ǼʌȓıȘȢȑȞĮĮțȩȝĮıȣȤȞȩĮȓIJȚȠİȓȞĮȚȘ©ȦȜȑȞȚĮȞİȣȡȓIJȚįĮªȒ©ȞİȣȡȓIJȚįĮIJȠȣ
ȦȜİȞȓȠȣȞİȪȡȠȣªǹȣIJȩıȣȝȕĮȓȞİȚȩIJĮȞIJȠȦȜȑȞȚȠȞİȪȡȠıȣȝʌȚİıIJİȓȒ
İȡİșȚıIJİȓȉȠȦȜȑȞȚȠȞİȪȡȠĮʌȠIJİȜİȓȑȞĮĮʌȩIJĮȝİȖȐȜĮȞİȪȡĮIJȠȣȐȞȦ
ȐțȡȠȣȄİțȚȞȐİȚĮʌȩIJȠȞĮȣȤȑȞĮijIJȐȞȠȞIJĮȢȝȑȤȡȚIJĮįȐțIJȣȜĮIJȠȣȤİȡȚȠȪȅ
ĮȖțȫȞĮȢĮʌȠIJİȜİȓIJȠıȣȞȘșȑıIJİȡȠıȘȝİȓȠʌȠȣȝʌȠȡİȓȞĮıȣȝȕİȓțȐIJȚIJȑIJȠȚȠ

ƮdžǑǐNJǂƽnjnjǂǔǖǍǑǕǟǍǂǕǂǍǑǐǒdžǀǎǂdžNjDžLjnjǚljdžǀǕǐ
ǍǐǞDžNJǂǔǍǂǔǕǐǘƾǒNJ
ȂİIJĮȟȪȐȜȜȦȞțȐʌȠȚĮĮʌȩIJĮıȣȝʌIJȫȝĮIJĮʌȠȣȝʌȠȡİȓȞĮʌȡȠțȪȥȠȣȞȩIJĮȞ
ȝȠȣįȚȐȗİȚIJȠȤȑȡȚȝĮȢİȓȞĮȚ

ȆȩȞȠȢıIJĮįȐȤIJȣȜĮ
ȀȞȘıȝȩȢ
ȂȣȧțȠȓıʌĮıȝȠȓ
ȆȩȞȠȢıIJȠȞĮȣȤȑȞĮ
ǼȣĮȚıșȘıȓĮıIJȘȞĮijȒ
ǹįȣȞĮȝȓĮIJȠȣȤİȡȚȠȪȝİʌIJȫıȘĮȞIJȚțİȚȝȑȞȦȞ

ǼȐȞIJȠȝȠȪįȚĮıȝĮʌĮȡȠȣıȚȐȗİIJĮȚȤȦȡȓȢțĮȞȑȞĮȐȜȜȠıȪȝʌIJȦȝĮțĮȚȝİIJȐ
ĮʌȩȜȓȖȠȣʌȠȤȦȡİȓįİȞȣʌȐȡȤİȚȜȩȖȠȢĮȞȘıȣȤȓĮȢİȚįȚțȐİȐȞĮȣIJȩȖȓȞİIJĮȚ
ıʌȐȞȚĮȈİʌİȡȓʌIJȦıȘȩȝȦȢʌȠȣʌĮȡĮIJȘȡİȓIJİȩIJȚIJȠȝȠȪįȚĮıȝĮİʌȚȝȑȞİȚțĮȚ
ȖȓȞİIJĮȚĮȞȣʌȩijȠȡȠİȓȞĮȚĮʌĮȡĮȓIJȘIJȠȞĮİʌȚıțİijșİȓIJİIJȠȞȚĮIJȡȩıĮȢ
ȂȠȪįȚĮıȝĮıIJȠĮȡȚıIJİȡȩȤȑȡȚ_ȉȚȝʌȠȡİȓȞĮ
ıȘȝĮȓȞİȚ
RVWRXQJUPRXGLDVPDVWRDULVWHUR[HUL

ǺĮıȓȜİȚȠȢĭȦIJȩʌȠȣȜȠȢ ȃȠİȝȕȡȓȠȣ

ȂȠȪįȚĮıȝĮıIJȠĮȡȚıIJİȡȩȤȑȡȚ
ȆȠȜȜȠȓİȓȞĮȚȠȚȜȩȖȠȚʌȠȣȝʌȠȡȠȪȞȞĮʌȡȠțĮȜȑıȠȣȞȝȠȪįȚĮıȝĮȒȝȣȡȝȒȖțȚĮıȝĮ
ıIJȠĮȡȚıIJİȡȩȤȑȡȚȐȜȜȠȚȜȚȖȩIJİȡȠıȘȝĮȞIJȚțȠȓțȚȐȜȜȠȚʌİȡȚııȩIJİȡȠȅʌȚȠ
ıȣȞȘșȚıȝȑȞȠȢȜȩȖȠȢʌȠȣʌȡȠțĮȜİȓȝȠȪįȚĮıȝĮıIJȠĮȡȚıIJİȡȩȤȑȡȚİȓȞĮȚȘʌȓİıȘ
IJȠȣȤİȡȚȠȪıIJȘȞȓįȚĮıIJȐıȘțĮIJȐIJȠȞȪʌȞȠǾʌĮȡĮIJİIJĮȝȑȞȘȐıțȘıȘʌȓİıȘȢ
ıIJȠȞİȪȡȠʌȡȠțĮȜİȓʌȡȠıȦȡȚȞȒȝİȓȦıȘIJȘȢȜİȚIJȠȣȡȖȓĮȢIJȠȣȞİȪȡȠȣ ȖİȖȠȞȩȢ
ʌȠȣįȘȝȚȠȣȡȖİȓʌȡȠıȦȡȚȞȩȝȠȪįȚĮıȝĮȈȣȞİʌȫȢĮȞʌȡȩțİȚIJĮȚȖȚĮȝȚĮ
ȕȡĮȤȣʌȡȩșİıȝȘțĮIJȐıIJĮıȘįİȞȤȡȒȗİȚĮȞȘıȣȤȓĮȢțĮșȫȢțĮIJȐʌȐıĮʌȚșĮȞȩIJȘIJĮ
ȝʌȠȡİȓȞĮİʌȚȜȣșİȓĮʌȩȝȩȞȠIJȠȣǹȞȦıIJȩıȠIJȠȝȠȪįȚĮıȝĮİȝȝȑȞİȚȝʌȠȡİȓȞĮ
ĮʌȠIJİȜİȓȑȞįİȚȟȘȖȚĮȝȚĮıȠȕĮȡȩIJİȡȘʌȐșȘıȘțĮȚȘİȞȘȝȑȡȦıȘIJȠȣȖȚĮIJȡȠȪ
țȡȓȞİIJĮȚĮʌĮȡĮȓIJȘIJȘ
ƲǐNJdžǓdžǀǎǂNJǐNJǂNJǕǀdžǓǑǐǖǑǒǐNjǂnjǐǞǎǍǐǞDžNJǂǔǍǂǔǕǐ
ǂǒNJǔǕdžǒǝǘƾǒNJ
ǹȞIJȠȝȣȡȝȒȖțȚĮıȝĮıIJȠȤȑȡȚİʌȚȝȑȞİȚșĮʌȡȑʌİȚȞĮįȚİȡİȣȞȘșȠȪȞȠȡȚıȝȑȞİȢĮʌȩ
IJȚȢıȠȕĮȡȩIJİȡİȢĮȚIJȓİȢʌȠȣȝʌȠȡİȓȞĮIJȠʌȡȠțĮȜȠȪȞȅȡȚıȝȑȞİȢĮʌȩĮȣIJȑȢİȓȞĮȚ

ȉȠʌȚțȑȢʌĮșȒıİȚȢʌȠȣʌȡȠțĮȜȠȪȞʌȓİıȘıİʌİȡȚijİȡȚțȐȞİȪȡĮ

ȈȪȞįȡȠȝĮʌĮȖȓįİȣıȘȢʌİȡȚijİȡȚțȫȞȞİȪȡȦȞİȓȞĮȚʌȚșĮȞȩȞȞĮĮʌȠIJİȜȑıȠȣȞĮȓIJȚȠ
ȝȣȡȝȘȖțȚȐıȝĮIJȠȢıIJȠĮȡȚıIJİȡȩȤȑȡȚȉȠʌȚȠȖȞȦıIJȩıȪȞįȡȠȝȠİȓȞĮȚIJȠıȪȞįȡȠȝȠ
IJȠȣțĮȡʌȚĮȓȠȣıȦȜȒȞĮȩʌȠȣʌȚȑȗİIJĮȚIJȠȝȑıȠȞİȪȡȠıIJȠȞțĮȡʌȩǵȤȚıʌȐȞȚĮ
ȝʌȠȡİȓȞĮȣʌȐȡȤİȚȘȦȜȑȞȚĮȞİȣȡȓIJȚįĮȝİʌȓİıȘIJȠȣȦȜİȞȓȠȣȞİȪȡȠȣıIJȠȞĮȖțȫȞĮ
ȆȚȠıʌȐȞȚĮĮȚIJȓĮİȓȞĮȚȘĮȣȤİȞȚțȒįȚıțȠʌȐșİȚĮțĮȚIJȠıȪȞįȡȠȝȠșȦȡĮțȚțȒȢİȟȩįȠȣ

ȃİȣȡȠȜȠȖȚțȑȢʌĮșȒıİȚȢ

ȅȡȚıȝȑȞĮȞİȣȡȠȜȠȖȚțȐȞȠıȒȝĮIJĮʌȠȣȝʌȠȡȠȪȞȞĮįȘȝȚȠȣȡȖȒıȠȣȞȝȠȪįȚĮıȝĮ
ıIJȠȤȑȡȚ İȓȞĮȚʌİȡȚijİȡȚțȒȞİȣȡȠʌȐșİȚĮȘıțȜȒȡȣȞıȘțĮIJȐʌȜȐțĮȢȘĮȣȤİȞȚțȒ
ȝȣİȜȠʌȐșİȚĮțĮ

DzȝijȡĮȖȝĮ

ȀĮIJȐIJȘįȚȐȡțİȚĮȝȚĮȢțĮȡįȚĮțȒȢʌȡȠıȕȠȜȒȢȝȚĮıIJİijĮȞȚĮȓĮĮȡIJȘȡȓĮ
ĮʌȠijȡȐııİIJĮȚǹȣIJȩȝʌȠȡİȓȞĮʌȡȠțĮȜȑıİȚĮȞIJĮȞĮțȜĮıIJȚțȐȝȠȪįȚĮıȝĮıIJȠ
ĮȡȚıIJİȡȩȤȑȡȚȉȠȝȠȪįȚĮıȝĮIJȠȣĮȡȚıIJİȡȠȪȤİȡȚȠȪȜȩȖȦİȝijȡȐȖȝĮIJȠȢʌȚșĮȞȩȞȞĮ
ıȣȞįȣȐȗİIJĮȚȝİʌȓİıȘȒʌȩȞȠıIJȘȞʌİȡȚȠȤȒIJȠȣıIJȒșȠȢIJȠȣȜĮȚȝȠȪIJȠȣ
ʌȡȠıȫʌȠȣȒIJȘȢʌȜȐIJȘȢ

ǼȖțİijĮȜȚțȩ

ǵIJĮȞȑȞĮĮȚȝȠijȩȡȠĮȖȖİȓȠIJȠȣİȖțİijȐȜȠȣijȡȐȟİȚȠİȖțȑijĮȜȠȢįİȞȠȟȣȖȠȞȫȞİIJĮȚ
ȠȪIJİĮȚȝĮIJȫȞİIJĮȚİʌĮȡțȫȢǵIJĮȞʌĮșĮȓȞİȚțȐʌȠȚȠȢİȖțİijĮȜȚțȩʌȡȠțĮȜİȓIJĮȚıȣȤȞȐ
ȝȠȪįȚĮıȝĮıİįȚȐijȠȡĮıȘȝİȓĮIJȠȣıȫȝĮIJȠȢıȣȝʌİȡȚȜĮȝȕĮȞȠȝȑȞȠȣțĮȚIJȠȣ
ȕȡĮȤȓȠȞĮȉȠȝȠȪįȚĮıȝĮİȟĮȚIJȓĮȢİȖțİijĮȜȚțȠȪıȣȞįȣȐȗİIJĮȚȝİıȣȝʌIJȫȝĮIJĮȩʌȦȢ
ʌȠȞȠțȑijĮȜȠȢıȪȖȤȣıȘįȣıțȠȜȓĮıIJȘȞȚıȠȡȡȠʌȓĮțĮȚĮįȣȞĮȝȓĮıȣȞIJȠȞȚıȝȠȪțĮȚ
ȠȝȚȜȓĮȢ

ȉȡĮȣȝĮIJȚıȝȠȓ

DzȞĮIJȡĮȪȝĮȝʌȠȡİȓȞĮȕȜȐȥİȚIJĮȞİȪȡĮʌȠȣİȓȞĮȚȣʌİȪșȣȞĮȖȚĮIJȘȞĮȓıșȘıȘțĮȚ
IJȘȞĮijȒ

ȆȡȠȕȜȒȝĮIJĮıIJȘıʌȠȞįȣȜȚțȒıIJȒȜȘ
ȂİȡȚțȐĮʌȩIJĮʌȡȠȕȜȒȝĮIJĮıIJȘıʌȠȞįȣȜȚțȒıIJȒȜȘʌȠȣȝʌȠȡȠȪȞȞĮ
ıȣıȤİIJȓȗȠȞIJĮȚȝİIJȘȞİȝijȐȞȚıȘȝȣȡȝȘȖțȚȐıȝĮIJȠȢıIJȠĮȡȚıIJİȡȩȤȑȡȚİȓȞĮȚȘ
ıʌȠȞįȣȜȚțȒıIJȑȞȦıȘȘȠıijȣȧțȒįȚıțȠʌȐșİȚĮțĮȚIJȠĮȣȤİȞȚțȩıȪȞįȡȠȝȠ

ǹȜȜİȡȖȓĮ

ȂȚĮĮȜȜİȡȖȚțȒĮȞIJȓįȡĮıȘıIJȠIJıȓȝʌȘȝĮȝȚĮȢȝȑȜȚııĮȢʌȤʌȚșĮȞȩȞȞĮ
ʌȡȠțĮȜȑıİȚİțIJȩȢĮʌȩȝȠȪįȚĮıȝĮıIJȠȤȑȡȚijĮȖȠȪȡĮʌȡȒȟȚȝȠțĮȚİȡȣșȡȩIJȘIJĮ

ȈțȜȒȡȣȞıȘțĮIJȐʌȜȐțĮȢ

ȈIJĮʌȡȫȚȝĮıIJȐįȚĮIJȘȢıțȜȒȡȣȞıȘȢțĮIJȐʌȜȐțĮȢIJȠȝȠȪįȚĮıȝĮıIJȠȤȑȡȚȝʌȠȡİȓ
ȞĮĮʌȠIJİȜȑıİȚȑȞįİȚȟȘIJȘȢįȚĮIJĮȡĮȤȒȢ

ƪdžǒǂǑdžǀǂǔǕǐǔǑǀǕNJ
ǾșİȡĮʌİȓĮȖȚĮIJȠȝȠȪįȚĮıȝĮIJȠȣĮȡȚıIJİȡȠȪȤİȡȚȠȪʌȠȚțȓȜȜȠȣȞĮȞȐȜȠȖĮȝİIJȘȞ
ĮȚIJȓĮʌȠȣIJȠʌȡȠțĮȜİȓǹȞIJȠȝȠȪįȚĮıȝĮıIJȠĮȡȚıIJİȡȩȤȑȡȚįİȞıȣȞįȑİIJĮȚȝİ
ȐȜȜĮıȣȝʌIJȫȝĮIJĮȣʌȐȡȤȠȣȞȠȡȚıȝȑȞȠȚȝȑșȠįȠȚĮȞIJȚȝİIJȫʌȚıȘȢıIJȠıʌȓIJȚ
ʌȠȣįİȞʌȡȠȨʌȠșȑIJȠȣȞȚĮIJȡȚțȒȕȠȒșİȚĮ

ȄİțȠȪȡĮıȘ
ǼȜĮijȡȚȐȐıțȘıȘțĮȚțȓȞȘıȘIJȠȣȤİȡȚȠȪ
ȂĮıȐȗ

ƲǝǕdžǎǂNjǂnjƾǔdžǕdžǕǐǎDŽNJǂǕǒǝǔǂǓ
ǹȞIJȠȝȠȪįȚĮıȝĮİʌȚȝȑȞİȚțĮȚįȘĮȞʌĮȡȠȣıȚȐıİIJİʌİȡĮȚIJȑȡȦıȣȝʌIJȫȝĮIJĮȝȘȞ
ʌĮȡĮȜİȓȥİIJİȞĮȑȡșİIJİıİİʌȚțȠȚȞȦȞȓĮȝİIJȠȞȖȚĮIJȡȩıĮȢǼȐȞIJȠȝȠȣįȚĮıȝȑȞȠ
ĮȡȚıIJİȡȩȤȑȡȚıȣȞįȣȐȗİIJĮȚȝİȠʌȠȚȠįȒʌȠIJİĮʌȩIJĮĮțȩȜȠȣșĮıȣȝʌIJȫȝĮIJĮ
ȣʌȐȡȤİȚȠțȓȞįȣȞȠȢȖȚĮțȐʌȠȚĮıȠȕĮȡȩIJİȡȘʌȐșȘıȘ

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ȃĮȣIJȓĮȒİȝİIJȩȢ
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ǹįȣȞĮȝȓĮıȣȞIJȠȞȚıȝȠȪ
ǹʌȠȤȡȦȝĮIJȚıȝȑȞȠįȑȡȝĮ
ǻȣıțȠȜȓĮıIJȠʌİȡʌȐIJȘȝĮ
ǻȪıʌȞȠȚĮ
ǹįȣȞĮȝȓĮıIJȘȞțĮIJȐʌȠıȘ
ȆȩȞȠȢıIJȠıIJȒșȠȢIJȘȞʌȜȐIJȘIJȠȞȜĮȚȝȩIJȠʌȡȩıȦʌȠȒIJȠȞȫȝȠ
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DZIJȠȝĮʌȠȣįȚĮIJȡȑȤȠȣȞȣȥȘȜȩțȓȞįȣȞȠȒȚıIJȠȡȚțȩıȠȕĮȡȫȞʌĮșȒıİȦȞȩʌȦȢ
İȖțİijĮȜȚțȩʌȡȑʌİȚȞĮĮȞĮȗȘIJȒıȠȣȞȐȝİıĮȚĮIJȡȚțȒȕȠȒșİȚĮıİʌİȡȓʌIJȦıȘʌȠȣ
IJȠȝȠȪįȚĮıȝĮıIJȠĮȡȚıIJİȡȩȤȑȡȚİʌȚȝȑȞİȚȉȠİʌȓȝȠȞȠȝȣȡȝȒȖțȚĮıȝĮıIJȠȤȑȡȚ
ȤȦȡȓȢʌȡȠijĮȞȒĮȓIJȚĮȝʌȠȡİȓȞĮȣʌȠįȘȜȫȞİȚȑȞĮȣʌȠțİȓȝİȞȠȚĮIJȡȚțȩ
ʌȡȩȕȜȘȝĮIJȠȠʌȠȓȠʌȚșĮȞȩȞȞĮȤȡȒȗİȚijȣıȚțȠșİȡĮʌİȓĮȢȚĮIJȡȚțȒȢijȡȠȞIJȓįĮȢ
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