kAmsC@F89E 4@?5:E:@?D 7FCE96C 92>A6C A2DEFC6 AC@5F4E:G:EJ] {24< @7 >@:DEFC6 DFAAC6DD6D A=2?E 8C@HE9 2?5 C6E2C5D C@@E 56G6=@A>6?E] (:E9@FE 256BF2E6 C@@E DECF4EFC6[ A=2?ED 2C6 F?23=6 E@ 6IEC24E >@:DEFC6 2?5 ?FEC:6?ED 7C@> E96 D@:=[ H9:49 7FCE96C =:>:ED A=2?E 8C@HE9] x? @C56C E@ DFCG:G6[ A=2?ED C6=J @? E96 76H =62G6D E96J 92G6 E@ 42AEFC6 D@=2C 6?6C8J 2?5 >2?F724EFC6 DF82CD E9C@F89 E96 AC@46DD @7 A9@E@DJ?E96D:D] %9@D6 DF82CD[ 2=@?8 H:E9 D>2== 2>@F?ED @7 DE@C65 C6D6CG6D[ 2C6 FD65 E@ DFAA@CE 32D:4 =:76 7F?4E:@?D]k^Am

kAmp==@H:?8 2?:>2=D F?=:>:E65 2446DD E@ A2DEFC6D 5FC:?8 5C@F89E 42? 7FCE96C H62<6? A=2?ED] vC2K:?8 2?5 9@@7 EC277:4 C6>@G6 =62G6D ?646DD2CJ 7@C A9@E@DJ?E96D:D] (:E9 8C@HE9 2=C625J =:>:E65 3J 5C@F89E[ E96 A=2?E :D 7@C465 E@ FE:=:K6 >@C6 @7 :ED DE@C65 DF82C E@ 8C@H C6A=246>6?E =62G6D] #6A62E65 FD6 @7 E96 A2DEFC6 42? 6G6?EF2==J 56A=6E6 E96 A=2?E’D 6?6C8J C6D6CG6D[ C6DF=E:?8 :? 562E9 @7 E96 A=2?E @C D6G6C6=J C65F4:?8 :ED 492?46 7@C DFCG:G2=]k^Am

kAmkDEC@?8m|:?:>:K6 52>286 E@ A2DEFC6D 5FC:?8 5C@F89Ek^DEC@?8mk^Am

kAmx7 A2DEFC6D 2C6 >2?2865 AC@A6C=J 5FC:?8 E:>6D @7 =@H >@:DEFC6[ E96 67764ED @7 5C@F89E H:== 36 =6DD D6G6C6 2?5 A2DEFC6D H:== C63@F?5 72DE6C H96? AC64:A:E2E:@? :D DF77:4:6?E] x? 4@?EC2DE[ :7 A2DEFC6D 6I:E E96 5C@F89E :? A@@C 4@?5:E:@?[ E96 C@25 E@ C64@G6CJ :D >F49 =@?86C] xE :D H@CE9J E@ ?@E6 E92E >2?286>6?E AC24E:46D E92E >:?:>:K6 52>286 E@ A2DEFC6D 5FC:?8 5C@F89E 2C6 2=D@ E96 D2>6 7@C >2:?E2:?:?8 962=E9J A2DEFC6D :? 2 ?@C>2= J62C]k^Am

kAm|@DE D>2== 24C6286 A2DEFC6D :? r@=@C25@ 2C6 @G6CFD65] (96? 2?:>2=D 2C6 2==@H65 4@?E:?F@FD 2446DD E@ D>2== A2DEFC6D[ 8C2K:?8 2?5 6I46DD:G6 H62C 7C@> 9@@G6D H:== 56DEC@J 2== G686E2E:@?[ 2==@H:?8 H665 :?G2D:@?D 2?5 6C@D:@? @7 E@AD@:=] x? 255:E:@? E@ 36:?8 2? 6J6D@C6[ E9@D6 4@?5:E:@?D 2C6 F?962=E9J 7@C E96 6?G:C@?>6?E 2?5 E96 5FDE 2?5 >F5 49FC?65 FA 7C@> 32C6 8C@F?5 42? A@D6 962=E9 AC@3=6>D 7@C 2?:>2=D]k^Am

kAmq642FD6 5C@F89E H62<6?D A=2?ED 2?5 2>A=:7:6D E96 67764ED @7 8C2K:?8[ E96 <6J E@ >2?28:?8 D>2== A2DEFC6D :D E@ =:>:E E96 E:>6 E92E 2?:>2=D DA6?5 @? A2DEFC6] s@ ?@E AFE 2?:>2=D @FE E@ A2DEFC6 ac 9@FCD 2 52J] x?DE625[ C6DEC:4E A2DEFC6 2446DD E@ 36EH66? b_ >:?FE6D 2?5 EH@ 9@FCD 2 52J] %92E :D >@C6 E92? 6?@F89 E:>6 E@ 8:G6 2?:>2=D 2>A=6 7C66 6I6C4:D6] |@?:E@C E96 G686E2E:@? :? E96 A2DEFC6 E@ 56E6C>:?6 :7 EFC?@FE E:>6 ?665D E@ 36 C65F465 7FCE96C @C 4@>A=6E6=J 6=:>:?2E6 A2DEFC6 EFC?@FE 2=E@86E96C]k^Am

kAmkDEC@?8m{62G6 D@>6 =627 369:?5k^DEC@?8mk^Am

kAm{24< @7 256BF2E6 7@C286 5FC:?8 5C@F89E 42FD6D 2?:>2=D E@ 8C2K6 2G2:=23=6 8C2DD6D 5@H? E@ E96 D@:=] %@ 2G@:5 @G6C8C2K:?8[ C6>@G6 2?:>2=D 7C@> A2DEFC6D H96? 8C2DD :D 8C2K65 5@H? E@ 2? 2G6C286 @7 E9C66 E@ 7@FC :?496D] {62G6 A=2?ED H:E9 D@>6 =627 2C62 7@C A9@E@DJ?E96D:D E@ 96=A E96> C63@F?5 7C@> 8C2K:?8] {62G6D 2=D@ D9256 E96 8C@F?5 2?5 C65F46 6G2A@C2E:@? @7 AC64:@FD D@:= >@:DEFC6]k^Am

kAmkDEC@?8mv:G6 A2DEFC6D =@?86C C6DE A6C:@5Dk^DEC@?8mk^Am

kAm!2DEFC6 A=2?ED ?665 2 C6DE 7C@> 8C2K:?8 2?5 9@@7 EC277:4 E@ C6DE@C6 E96:C 6?6C8J C6D6CG6D] #65F465 A=2?E 8C@HE9 5FC:?8 5C@F89E >62?D C6DE A6C:@5D H:== 36 =@?86C] pD 2 8F:56[ 5@ ?@E C6EFC? 2?:>2=D E@ E96 A2DEFC6 F?E:= 8C2DD C68C@HD E@ 2 96:89E @7 D:I E@ 6:89E :?496D]k^Am

kAmkDEC@?8mw@FD6 2?:>2=D :? VD24C:7:46V 2C62k^DEC@?8mk^Am

kAms6D:8?2E6 2 D>2== 2C62 @7 AC@A6CEJ 2D 2 “D24C:7:46 2C62” E@ 9@FD6 2?:>2=D H96? E96J 42??@E 36 @? A2DEFC6] p D24C:7:46 2C62 42? 36 2 D>2== A255@4<[ 5CJ =@E[ 4@CC2=[ @C CF? @77 @7 2 DE2== H96C6 =@DD @7 8C2DD 4@G6C H:== ?@E 92G6 2 >2;@C :>A24E] x? 67764E[ E92E 2C62 :D “D24C:7:465” E@ AC@E64E E96 A2DEFC6 7C@> @G6C\FD6 2E 4C:E:42= E:>6D] p D24C:7:46 2C62 2==@HD 7=6I:3:=:EJ E@ 9@FD6 2?:>2=D H96? A2DEFC6D ?665 2 C6DE 7C@> 8C2K:?8] xE :D 2=D@ 2? :562= =@42E:@? E@ AC@G:56 DFAA=6>6?E2= 92J 2?5 8C2:? 2?5 2 46?EC2=:K65 H2E6C D@FC46]k^Am

kAmkDEC@?8m$F35:G:56 A2DEFC6D :?E@ D>2==6C F?:EDk^DEC@?8mk^Am

kAmp?:>2=D @7E6? H2DE6 2 4@?D:56C23=6 2>@F?E @7 A2DEFC6 7@C286 3J EC2>A=:?8[ 8C2K:?8 E96 36DE E2DE:?8 A=2?ED 2?5 2G@:5:?8 2C62D 7@F=65 3J >2?FC6] $A=:EE:?8 A2DEFC6D :?E@ D>2==6C 2C62D H:== 96=A 4@?EC@= 8C2K:?8 3J 7@C4:?8 2?:>2=D E@ 36 =6DD D6=64E:G6] !@CE23=6 6=64EC:4 76?46D >2<6 DF35:G:5:?8 A2DEFC6D 4@DE\67764E:G6]k^Am

kAms:G:5:?8 A2DEFC6D :?E@ E9C66 @C 7@FC D>2==6C F?:ED 2=D@ >2<6D :E 4@?G6?:6?E E@ AC24E:46 C@E2E:@?2= 8C2K:?8] (9:=6 2?:>2=D @44FAJ @?6 F?:E[ @E96C F?:ED 42? C6DE 2?5 C64FA6C2E6] (96? 8C2DD 92D 366? 8C2K65 E@ 2? 2G6C286 @7 E9C66 E@ 7@FC :?496D[ C@E2E6 2?:>2=D :?E@ 2?@E96C F?:E] #6DE F?:ED 7@C 2 >:?:>F> @7 a` E@ b_ 52JD 36EH66? 8C2K:?8D 2?5 2==@H 8C2DD E@ C68C@H E@ 2 96:89E @7 D:I E@ 6:89E :?496D 367@C6 2==@H:?8 2?:>2=D 324< :? E96 F?:E]k^Am

kAmkDEC@?8m$E2J @? E@A @7 H665 :?G2D:@?Dk^DEC@?8mk^Am

kAm(665D 2C6 6I46AE:@?2==J 92C5J[ D@ :E’D ?@E DFCAC:D:?8 E96J E9C:G6 :? 5C@F89E 4@?5:E:@?D] (665D DE62= DF?=:89E[ D@:= ?FEC:6?ED 2?5 H2E6C 2H2J 7C@> 56D:C23=6 A2DEFC6 A=2?ED] %96J 92G6 =:EE=6 ?FEC:E:@?2= G2=F6 2?5 D@>6 H665D 2C6 A@:D@?@FD :7 8C2K65] t?DFC6 2?:>2=D 92G6 256BF2E6 7@C286 @C DFAA=6>6?E2= 7665 2G2:=23=6 D@ E96J 2G@:5 E96 E6>AE2E:@? @7 D2>A=:?8 92C>7F= A=2?ED]k^Am

kAmkDEC@?8mq6 AC6A2C65 E@ AC@G:56 DFAA=6>6?E2= 7665k^DEC@?8mk^Am

kAmr@=@C25@’D 5CJ 4=:>2E6 5@6D ?@E A6C>:E D>2== ?@?\:CC:82E65 A2DEFC6D E@ AC@5F46 6?@F89 7@C286 E@ >66E E96 ?FEC:E:@?2= ?665D @7 >@DE 8C2K:?8 2?:>2=D] %92E :D 6DA64:2==J ECF6 :? 2 5C@F89E H96? A2DEFC6D 2C6 =6DD AC@5F4E:G6] !C@5F46CD H:== ?665 E@ 7665 92J 2?5^@C 8C2:?] %@ 2G@:5 6I46DD:G6 H62C @? A2DEFC6D[ AC@G:56 7665 :? 2 D24C:7:46 2C62 C2E96C E92? 5:C64E=J @? A2DEFC6]k^Am

kAmkDEC@?8m|2?286 D>2== A2DEFC6D 4@>:?8 @FE @7 5C@F89Ek^DEC@?8mk^Am

kAmw@H A2DEFC6D 2C6 FD65 4@>:?8 @FE @7 2 5C@F89E :D ;FDE 2D 4C:E:42= 2D >2?286>6?E 5FC:?8 E96 5C@F89E] !C64:A:E2E:@? =6G6=D >2J C63@F?5 3FE A=2?ED C6BF:C6 E:>6 E@ C64@G6C]k^Am

kAmkDEC@?8mpDD6DD H92E 92D DFCG:G65] k^DEC@?8m(96? E96 5C@F89E 3C62<D[ 2DD6DD A2DEFC6D 7@C 52>286] r2C67F==J :56?E:7J A=2?ED 2?5 6?DFC6 E96J 2C6 ECF=J 7@C286D 2?5 ?@E H665D] $@>6 A2DEFC6D H:== C64@G6C H:E9 C6DE[ C6DEC:4E65 8C2K:?8 2?5 2AAC@AC:2E6 76CE:=:K2E:@?] ~E96C A2DEFC6D >2J C6BF:C6 4@>A=6E6 C6?@G2E:@? E@ 36 AC@5F4E:G6 282:?]k^Am

kAmkDEC@?8m#6D:DE E96 FC86 E@ 8C2K6 :>>65:2E6=J]k^DEC@?8m xE 42? 36 E6>AE:?8 E@ DE2CE 8C2K:?8 2D D@@? 2D 255:E:@?2= >@:DEFC6 8C66?D FA A2DEFC6D] w@H6G6C[ 8C2K:?8 E@@ D@@? @? 5C@F89E\H62<6?65 A2DEFC6D 42? 42FD6 A=2?ED E@ 7FCE96C 564=:?6[ AC@=@?8 C64@G6CJ E:>6 @C 6G6? <:== E96 A=2?ED]k^Am

kAm|@:DEFC6 2=@?6 5@6D ?@E @G6C4@>6 5C@F89E DEC6DD] !=2?ED 5C2H 7C@> E96:C 6?6C8J DE@C6D E@ DFCG:G6 5C@F89E 2?5 ?665 2 A6C:@5 @7 C64@G6CJ E@ C6A=6?:D9 E96D6 C6D6CG6D 2?5 6DE23=:D9 ?6H C@@E 8C@HE9]k^Am

kAmr@>A=6E6 C6DE :D E96 >@DE 67764E:G6 2?5 72DE6DE H2J 7@C A2DEFC6D E@ C64@G6C] x562==J[ A2DEFC6D D9@F=5 C6DE 7@C 2? 6?E:C6 8C@H:?8 D62D@?] !C@5F46CD >2J 92G6 E@ A@DEA@?6 8C2K:?8 7@C >@C6 E92? @?6 D62D@? 7@==@H:?8 D6G6C6 5C@F89E]k^Am

kAmkDEC@?8ms6=2J 8C2K:?8 F?E:= A=2?ED 364@>6 6DE23=:D965]k^DEC@?8m x7 AC@5F46CD >FDE A6C>:E 8C2K:?8 :? E96 D62D@? 7@==@H:?8 2 5C@F89E[ A=2?ED D9@F=5 36 2E =62DE D:I E@ 6:89E :?496D 9:89 367@C6 2?:>2=D 92G6 2446DD E@ A2DEFC6] pG@:5 @G6C8C2K:?8 2?5 C6\DEC6DD:?8 E96 A2DEFC6 3J C6>@G:?8 2?:>2=D H96? A=2?ED 92G6 8C2K65 5@H? E@ E9C66 E@ 7@FC :?496D]k^Am

kAmkDEC@?8mpAA=J 76CE:=:K6C :7 2AAC@AC:2E6] k^DEC@?8mx? 86?6C2=[ A2DEFC6D 2C6 >@C6 AC@5F4E:G6 H:E9 AC@A6C 76CE:=:K2E:@?] #6D:DE 2AA=J:?8 2?JE9:?8 H:E9@FE <?@H:?8 H92E :D ?66565] !6C7@C> 2 D@:= E6DE 7:CDE E@ :56?E:7J H92E ?FEC:6?ED 2 A2DEFC6 :D =24<:?8]k^Am

kAmkDEC@?8mr@?EC@= H665D] k^DEC@?8mu@==@H:?8 2 5C@F89E[ A2DEFC6D 2C6 H62< 2?5 =6DD 23=6 E@ 4@>A6E6 H:E9 G:8@C@FD H665D \\ 6DA64:2==J 2??F2= DA64:6D] q6 AC6A2C65 7@C D6G6C2= J62CD @7 G:8:=2?46 2?5 :56?E:7J 2?J F?<?@H? H665D E92E >:89E 36 92C>7F= E@ 2?:>2=D] #6D665:?8 2?5 C6?@G2E:?8 5C@F89E\52>2865 A2DEFC6D]k^Am

kAmu@==@H E:AD 7@C >2:?E2:?:?8 962=E9J D>2== 24C6286 A2DEFC6D]k^Am

kF=mk=:mpG@:5 @G6C8C2K:?8k^=:mk=:mvC2K6 2E D:I E@ 6:89E :?496D[ C6DE 2E E9C66 E@ 7@FC :?496Dk^=:mk=:m#6DEC:4E EFC?@FE E:>6k^=:mk=:mrC62E6 2 D24C:7:46 2C62 E@ 4@?7:?6 2?:>2=D 2H2J 7C@> A2DEFC6k^=:mk=:mpAA=J 76CE:=:K6C H96? ?646DD2CJk^=:mk=:mr@?EC@= H665Dk^=:mk^F=m

kAm!2DEFC6D H:E9 2 =@H A@E6?E:2= 7@C C64@G6CJ >2J 92G6 E@ 36 C6D66565 @C C6?@G2E65] s6A6?5:?8 @? E96 6IE6?E @7 E96 52>286[ D@>6 A2DEFC6D >2J 36?67:E 7C@> @G6CD665:?8 32C6 2C62D @C :?EC@5F4:?8 2 =68F>6 DA64:6D E@ :>AC@G6 A2DEFC6 BF2=:EJ] !2DEFC6D 9:E 92C5 3J 5C@F89E >2J @?=J 364@>6 AC@5F4E:G6 27E6C 4@>A=6E6 C6?@G2E:@?[ H9:49 42? 36 6IA6?D:G6 2?5 C6BF:C6 E92E E96 =2?5 36 E2<6? @FE @7 AC@5F4E:@? 7@C @?6 E@ E9C66 J62CD] &?=6DD AC@5F46CD 92G6 E96 6IA6C:6?46 2?5 6BF:A>6?E E@ C6?@G2E6 2 A2DEFC6[ 9:C6 2? 28C:4F=EFC2= AC@76DD:@?2=] ':D:E k2 9C67lQ9EEADi^^6IE6?D:@?]4@=@DE2E6]65F^C6D@FC46^>2?28:?8\D>2==\24C6286\A2DEFC6D\5FC:?8\2?5\27E6C\5C@F89E^Q E2C86ElQ03=2?<Qm6IE6?D:@?]4@=@DE2E6]65F^C6D@FC46^>2?28:?8\D>2==\24C6286\A2DEFC6D\5FC:?8\2?5\27E6C\5C@F89E^k^2m 7@C >@C6 :?7@C>2E:@?]k^Am