kAm|2?28:?8 8C2K:?8 =:G6DE@4< 42? 36 2 4@>A=6I AC@46DD] x?E6C24E:@?D H:E9 H62E96C[ E@A@8C2A9J[ D@:= EJA6[ 2?5 A=2?ED 2?5 2?:>2=D :? E96 6?G:C@?>6?E 2== 67764E 8C2K:?8 DJDE6>D]k^Am

kAm(:?E6C 7665 C6AC6D6?ED @?6 @7 E96 =2C86DE :?G6DE>6?ED 7@C 2 =:G6DE@4< AC@5F46C] $E@4<A:=:?8 H:?E6C A2DEFC6 8C2DD 46CE2:?=J 92D 36?67:ED[ @?6 @7 E96 =2C86DE 36:?8 E92E :E :D EJA:42==J >F49 >@C6 677:4:6?E[ 3@E9 6?G:C@?>6?E2==J 2?5 7:?2?4:2==J[ 2D 4@>A2C65 E@ 7665:?8 92J 2== H:?E6C] rCF56 AC@E6:? Wr!X :D EJA:42==J E96 >@DE =:>:E:?8 ?FEC:6?E 5FC:?8 H:?E6C 8C2K:?8 2D 5@C>2?E 8C2DD6D 2C6 23@FE b\fT r! 2?5 >2J 4@?E:?F6 E@ 564=:?6 E9C@F89@FE E96 H:?E6C >@?E9D]k^Am

kAm|2?J A2DEFC6D :? $@FE9 s2<@E2 2C6 AC:>2C:=J 4@@=\D62D@? 5@>:?2E65] r@@=\D62D@? 8C2DD A2DEFC6D >2J AC@G:56 7665 9:896C :? 4CF56 AC@E6:? 2D E96 H62E96C 364@>6D 4@=56C WH:E9 r! 564=:?:?8 >@C6 D=@H=J 2D 4@>A2C65 E@ H2C> D62D@? 8C2DD6DX[ 3FE E9:D H:== 564=:?6 2D H:?E6C 4@?E:?F6D] $FAA=6>6?E2E:@? @7 AC@E6:? 7@C 8C2K:?8 2?:>2=D @G6C E96 H:?E6C >@?E9D EJA:42==J 2==@HD 4@HD E@ >2:?E2:? 2AAC@AC:2E6 3@5J D4@C6D] %6DE:?8 2G2:=23=6 7@C286D WG:2 4=:AA:?8X :D E96 >@DE 244FC2E6 H2J E@ 6DE:>2E6 DFAA=6>6?E2E:@? ?665D 7@C 2?:>2=D]k^Am

kAmr964< @FE k2 9C67lQ9EEADi^^6IE6?D:@?]D5DE2E6]65F^AC@E6:?\DFAA=6>6?E2E:@?\@AE:@?D\8C2K:?8\42EE=6Qm9EEADi^^6IE6?D:@?]D5DE2E6]65F^AC@E6:?\DFAA=6>6?E2E:@?\@AE:@?D\8C2K:?8\42EE=6k^2m 7@C 2 >@C6 E9@C@F89 =:DE:?8 @7 4@?D:56C2E:@?D H96? 562=:?8 H:E9 7665 AC@E6:?D :? 2 8C2K:?8 6?G:C@?>6?E] }6IE E@ AC@E6:? DFAA=6>6?E2E:@?[ 5@?’E 7@C86E E@ 4@?D:56C E96 2AAC@AC:2E6 7C66 49@:46 D2=E 2?5 >:?6C2= 2D H6==]k^Am

kAmx? @C56C E@ 56E6C>:?6 H92E :D 2G2:=23=6 :? J@FC A2DEFC6D 7@C H:?E6C 7665:?8[ @3D6CG2E:@? 2?5 4=:AA:?8 42? AC@G:56 2 C6=:23=6 6DE:>2E6 @7 E@E2= 7665 2G2:=23:=:EJ] &?=:<6 E96 EJA:42= 8C@H:?8 D62D@?[ E96 @?=J >2;@C =:>:E2E:@? E@ 6DE:>2E:?8 7665 C6D@FC46D 2G2:=23=6 7@C H:?E6C 8C2K:?8 :D D?@H72==]k^Am

kAm$:?46 5@C>2?4J :D :?6G:E23=6[ 8C2DD E@??286 H:== ?@E 5C2DE:42==J 492?86 @G6C H:?E6C >@?E9D] w@H6G6C[ E96C6 D9@F=5 36 4@?D:56C2E:@? E@ A=2?E 962=E9[ ?@E D:>A=J 2?:>2= 962=E9[ 2D 4@=5 E6>A6C2EFC6D 2AAC@249] %96 ‘E2<6 92=7[ =62G6 92=7’ 2AAC@249 E@ 8C2K:?8 :D DE:== 2AAC@AC:2E6 7@C H:?E6C 8C2K:?8] vC2DD6D W6DA64:2==J H2C> D62D@? DA64:6DX 42? 36 DFD46AE:3=6 E@ 4=@D6 WD9@CE^962GJX H:?E6C 8C2K:?8 5F6 E@ DF3DE2?E:2= 42C3@9J5C2E6 DE@C286 =@42E65 23@G6 E96 8C@F?5 ?62C E96 32D6 @7 E96 DE6>] %9:D >2<6D =62G:?8 2 76H :?496D @7 8C2DD 4@G6C G:E2= E@ A=2?E 962=E9j ‘=62G:?8 92=7’ 2=D@ 96=AD AC@E64E D@:=D 2?5 42AEFC6D D?@H]k^Am

kAm%@ 36DE >2?286 H:?E6C 8C2K:?8 24C6D[ C@E2E:@?2= 8C2K:?8 :D @7E6? E96 >@DE DF:E23=6 @AE:@? E@ 2==@H 7@C 2 D@>6H92E 4@?D:DE6?E BF2=:EJ 5:6E 5FC:?8 H:?E6C >@?E9D] #@E2E:@?2= 8C2K:?8 86?6C2==J 2==@HD >@C6 7665 E@ 36 92CG6DE65 2E 2 9:896C W>@C6 4@?D:DE6?EX BF2=:EJ 2?5 =6DD 2?:>2= D6=64E:G:EJ]k^Am

kAm$:?46 H:?E6C 8C2DD6D 2C6 4FC65[ 2 >2?286C’D 23:=:EJ E@ 4@?EC@= E96 BF2?E:EJ 2?5 BF2=:EJ @7 7665D 2G2:=23=6 E9C@F89@FE E96 H:?E6C :D 2? :>A@CE2?E E@@= 7@C @G6C2== =:G6DE@4< 5:6E >2?286>6?E] x7 AC@A6C=J >@?:E@C65[ 9:89 BF2=:EJ 7665 2G2:=23:=:EJ D9@F=5 36 DAC625 E9C@F89@FE E96 H:?E6C 8C2K:?8 D62D@?[ C2E96C E92? 36:?8 4@?DF>65 :?:E:2==J 5F6 E@ 42EE=6 D6=64E:G:EJ] |@G:?8 42EE=6 E@ 7C6D9 A2DEFC6 6G6? ;FDE EH@ @C E9C66 E:>6D 5FC:?8 E96 H:?E6C 96=AD E@ 5:DEC:3FE6 8C2K:?8 AC6DDFC6 24C@DD >@C6 A=2?E DA64:6D 2?5 >2:?E2:?D 36EE6C =:G6DE@4< ?FEC:E:@? 2D 4@>A2C65 E@ E96 4@?E:?F@FD 7665 BF2=:EJ 564=:?6 E92E 92AA6?D H:E9 @?6 =2C86 H:?E6C A2DEFC6] k^Am

kAmrC62E:?8 D>2== A255@4<D 2?5 >@G:?8 2?:>2=D 7C@> @?6 2C62 E@ 2?@E96C :D >@C6 E:>6 2?5 =23@C 4@?DF>:?8 E92? EFC?:?8 =:G6DE@4< :?E@ @?6 =2C86 A2DEFC6[ 3FE E96 36?67:ED @7 C@E2E:@?2= 8C2K:?8 2C6 <?@H? E@ @FEH6:89 E96 6IEC2 =23@C] (6==\>2?2865 C@E2E:@?2= 8C2K:?8 DJDE6>D D66 2? :?4C62D6 :? 56D:C23=6 8C2DD 2?5 A2DEFC6 J:6=5[ >@C6 8C2K:?8 52JD 2?5 C65F465 92J 7665:?8 4@DED] x? 255:E:@?[ 564C62D65 CF?@77 2?5 6C@D:@?[ 72DE6C 5C@F89E C64@G6CJ[ 9:896C DE@4<:?8 C2E6 42A24:E:6D[ 2?5 =@?8 E6C> AC@7:ED 2C6 2== 4:E65 2D 36?67:ED @7 C@E2E:@?2= 8C2K:?8 DJDE6>D W!2C< 6E 2=][ a_`fj (2?8 6E 2=][ a_`e[ a_`gX]k^Am

kAm~E96C :>A@CE2?E 724E@CD E@ 4@?D:56C 367@C6 H:?E6C 8C2K:?8 :?4=F56 =:G6DE@4< H2E6C D@FC46[ 4C@DD\76?4:?8 2?5 H:?53C62<D] t249 @7 E96D6 2C6 2 ?646DD2CJ A2CE @7 6?DFC:?8 E96 962=E9 @7 J@FC =:G6DE@4< 2?5 2 DF446DD7F= H:?E6C 8C2K:?8 AC@8C2>] $s$& tIE6?D:@? 2D H6== 2D @E96C =:DE65 C6D@FC46D 42? AC@G:56 8F:52?46 @? 2== @7 E96D6 E@A:4D]k^Am

kAm|2J36 H:?E6C 8C2K:?8 :D D@>6E9:?8 J@F H2?E E@ ECJ E9:D J62C[ @C 4@?D:56C 2 >@C6 :?E6?D:G6 >2?286>6?E 2AAC@249 E@ H92E J@F’C6 2=C625J 5@:?8] $FDE2:?23=6 8C2K:?8 DJDE6>D 2C6 ?@E D:>A=6[ 2?5 C6BF:C6 >F49 A=2??:?8[ >@?:E@C:?8 2?5 >2?286>6?E]k^Am

kAmu@C >@C6 :?7@C>2E:@? @? 8C2K:?8 >2?286>6?E[ 766= 7C66 E@ C6249 @FE E@ 2?J @7 @FC $s$& tIE6?D:@? #2?86 $A64:2=:DED W4@?E24E 56E2:=D 2E k2 9C67lQ9EEAi^^6IE6?D:@?]D5DE2E6]65FQm6IE6?D:@?]D5DE2E6]65Fk^2mX[ DA62< H:E9 J@FC =@42= }#r$ #2?86=2?5 |2?286>6?E $A64:2=:DE Wk2 9C67lQ9EEADi^^HHH]?C4D]FD52]8@G^4@?D6CG2E:@?\32D:4D^4@?D6CG2E:@?\3J\DE2E6^D@FE9\52<@E2^D@FE9\52<@E2\4@?E24EDQm9EEADi^^HHH]?C4D]FD52]8@G^4@?D6CG2E:@?\32D:4D^4@?D6CG2E:@?\3J\DE2E6^D@FE9\52<@E2^D@FE9\52<@E2\4@?E24EDk^2mX [ @C 4@??64E H:E9 E96 $@FE9 s2<@E2 vC2DD=2?5 r@2=:E:@? Wk2 9C67lQ9EEADi^^D58C2DD]@C8^4@?E24E^Qm9EEADi^^D58C2DD]@C8^4@?E24E^k^2mX]k^Am

kAmkDEC@?8m&A4@>:?8 tG6?EDk^DEC@?8m W7:?5 >@C6 :?7@ 7@C 2?J tIE6?D:@? 6G6?ED 2E k2 9C67lQ9EEADi^^6IE6?D:@?]D5DE2E6]65F^6G6?EDQm9EEADi^^6IE6?D:@?]D5DE2E6]65F^6G6?EDk^2mXkDEC@?8mik^DEC@?8mk^Am

kF=mk=:m`a^`\ kDEC@?8m}@CE96C? !=2:?D u@C286 pDD@4:2E:@? p??F2= |66E:?8 2?5 $6>:?2CDk^DEC@?8mi `ai__A>\cib_A> :? qC2?5@?] S`_ C68:DEC2E:@? 7@C ?@?\>6>36CD W7C66 E@ >6>36CDX]k^=:mk=:m`a^d[ `a^`a[ `a^`h\ kDEC@?8m$FDE2:?:?8 E96 {6824J o (:??6Cik^DEC@?8m `_2>\cA> 6249 52J @7 E96 >66E:?8] t2C=J C68:DEC2E:@? Sf_ W3J ``^a_X]k^=:mk=:m`a^d\ kDEC@?8mv2C56? w@FC (63:?2Cik^DEC@?8m f\gA> W3:>@?E9=JX] ~?=:?6 AC@8C2> H:E9 ?@ 4@DE]k^=:mk=:m`a^e\ kDEC@?8mt?G:C@?>6?E2= %C2:?:?8 7@C rpu~Dk^DEC@?8mi gicd2>\dA> :? wFC@?] Sd_ H:E9 3:?56C @C Sad H:E9@FE]k^=:mk=:m`a^`a\ kDEC@?8m|2?28:?8 $@:=i |2I:>:K:?8 !C@7:E r@?76C6?46k^DEC@?8m W2?5 $t #6D62C49 u2C> p??F2= |66E:?8Xi h2>\bib_A> :? r@=E@? @C J@F >2J 2EE6?5 @?=:?6] Sad C68:DEC2E:@?]k^=:mk=:m`a^`b\`a^`c\ kDEC@?8m#2?86 q667 r@H $J>A@D:F>k^DEC@?8mi :? {@G6=2?5[ r~] r@DE G2C:6D 56A6?5:?8 @? :?\A6CD@? @C G:CEF2= A@DE\2EE6?52?46]k^=:mk=:m`^h\b^f W6G6CJ %[ ([ %9X\ kDEC@?8mrC@A w@FC (63:?2C $6C:6Dik^DEC@?8m q6 @? E96 =@@<@FE 7@C FA52E6D @? @FC FA4@>:?8 kDEC@?8m‘rC@A w@FC’k^DEC@?8m H63:?2C D6C:6D E92E H:== 36 @776C65 @?=:?6 E9:D H:?E6C]k^=:mk=:m`^h[ `^`e[ `^ab\ kDEC@?8m$FDE2:?:?8 E96 {6824J o |:E496==ik^DEC@?8m `_2>\cA> 6249 52J @7 E96 >66E:?8] t2C=J C68:DEC2E:@? Sf_ W3J `a^aeX]k^=:mk^F=m