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ƉƌŝŵĞƌĂ ƉŽƐŐƵĞƌƌĂ͕ ĐƌĞLJĞƌŽŶ ƋƵĞ ĞƐƚŽ ƉŽĚşĂ ƐĞƌ Ğů ĐŽŵŝĞŶnjŽ ĚĞů ĚĞĐůŝǀĞ ĚĞů ĨƌĂŶƋƵŝƐŵŽ͕ LJ ƉŽƌ ĞƐƚŽ ĚĞĐŝĚŝĞƌŽŶ ĂĚĞůĂŶƚĂƌƐĞ ƉĂƌƚŝĐŝƉĂŶĚŽĞŶĞůŽŶŐƌĞƐŽĚĞDƷŶŝĐŚ͘ ĞƐĚĞĞůƉƵŶƚŽĚĞǀŝƐƚĂĚĞƉŽůşƚŝĐĂĞdžƚĞƌŝŽƌ͕ƐƉĂŹĂŚĂďşĂĐŽŵĞŶnjĂĚŽĂƉĞƌĚĞƌƐƵĂŝƐůĂŵŝĞŶƚŽ ŝŶƚĞƌŶĂĐŝŽŶĂů͕ ŝŶŝĐŝĂĚŽ ƚƌĂƐ ůĂ ĚĞƌƌŽƚĂ ĨĂƐĐŝƐƚĂ ĞŶ ůĂ ^ĞŐƵŶĚĂ 'ƵĞƌƌĂ DƵŶĚŝĂů ;ĐŽŶĚĞŶĂ ĚĞ ůĂ KEh͕ƌĞƚŝƌĂĚĂĚĞĞŵďĂũĂĚŽƌĞƐ͘͘͘Ϳ͘ůĐŽŶƚĞdžƚŽŝŶƚĞƌŶĂĐŝŽŶĂůĚĞůĂ'ƵĞƌƌĂ&ƌşĂŚĂďşĂĨĂǀŽƌĞĐŝĚŽ ĂůƌĠŐŝŵĞŶĚĞ&ƌĂŶĐŽ͕ƋƵĞĐŽŶƐŝŐƵŝſĞŶƚƌĂƌĞŶůĂKEhLJĨŝƌŵĂƌƉĂĐƚŽƐďŝůĂƚĞƌĂůĞƐĐŽŶůĂ^ĂŶƚĂ ^ĞĚĞ ;ŽŶĐŽƌĚĂƚŽ ĚĞ ϭϵϱϯͿ LJ ĐŽŶ ƐƚĂĚŽƐ hŶŝĚŽƐ ;ǀŝƐŝƚĂ ĚĞ ŝƐĞŶŚŽǁĞƌ͕ ĞŶ ϭϵϱϵͿ͘ Ŷ ĞƐƚĞ ŵŝƐŵŽϭϵϲϮ͕ĞůŐŽďŝĞƌŶŽĞƐƉĂŹŽůŚĂďşĂƐŽůŝĐŝƚĂĚŽƉŽƌƉƌŝŵĞƌĂǀĞnjƐƵĂĚŚĞƐŝſŶĂůĂ;ĂĐƚƵĂů hŶŝſŶ ƵƌŽƉĞĂͿ͘ EŽ ŚĂLJ ƋƵĞ ŽůǀŝĚĂƌ͕ ĂƐŝŵŝƐŵŽ͕ ƋƵĞ :ŽŚŶ &͘ <ĞŶĞĚĚLJ ĞƐ Ğů ŶƵĞǀŽ ƉƌĞƐŝĚĞŶƚĞ ŶŽƌƚĞĂŵĞƌŝĐĂŶŽ͕ LJ ƚĂů ǀĞnj ;ŶŽ ĨƵĞ ĂƐşͿ ƉŽĚşĂ ŝŵƉŽŶĞƌ ƉŽůşƚŝĐĂƐ ƉƌŽͲĚĞŵŽĐƌĄƚŝĐĂƐ ĞŶ ůĂ ƉŽůşƚŝĐĂ ĞdžƚĞƌŝŽƌĚĞƐƵƉĂşƐ͘ ŶĄůŝƐŝƐĚĞůĚŽĐƵŵĞŶƚŽ͗ WŽĚĞŵŽƐ ĚŝǀŝĚŝƌ Ğů ƚĞdžƚŽ ĞŶ ƚƌĞƐ ƉĂƌƚĞƐ ĚŝĨĞƌĞŶĐŝĂĚĂƐ͗ ƵŶĂ ďƌĞǀĞ ŝŶƚƌŽĚƵĐĐŝſŶ͕ ƵŶĂ ƐĞĐĐŝſŶ ĂƌƚŝĐƵůĂĚĂLJƵŶĂĐŽŶĐůƵƐŝſŶ͘ ŶĞůƉƌŝŵĞƌƉĄƌƌĂĨŽƐĞĞƐƚĄƐŝƚƵĂŶĚŽĞůĐŽŶƚĞdžƚŽ͘^ĞŚĂĐĞƌĞĨĞƌĞŶĐŝĂĂůĂĨĞĐŚĂĐŽŶĐƌĞƚĂĞŶůĂ ƋƵĞ ƐĞ ƌĞĂůŝnjſ Ğů ŽŶŐƌĞƐŽ ĚĞů DŽǀŝŵŝĞŶƚŽ ƵƌŽƉĞŽ͗ ůŽƐ ĚşĂƐ ϳ LJ ϴ ĚĞ ũƵŶŝŽ ĚĞ ϭϵϲϮ͘ Ŷ ĞƐƚĞ ŽŶŐƌĞƐŽ͕ ŝŵƉŽƌƚĂŶƚĞƐ ŐƌƵƉŽƐ ĚĞ ůĂ ŽƉŽƐŝĐŝſŶ ĐůĂŶĚĞƐƚŝŶĂ ĚĞů ĨƌĂŶƋƵŝƐŵŽ͕ ĐŽŵŽ ĞŵŽĐƌĂĐŝĂ ƌŝƐƚŝĂŶĂ ;ƉĞƌŽ ƚĂŵďŝĠŶ ŵŽŶĄƌƋƵŝĐŽƐ͕ ŶĂĐŝŽŶĂůŝƐƚĂƐ LJ ƐŽĐŝĂůŝƐƚĂƐͿ ƐĞ ƌĞƵŶŝĞƌŽŶ ĐŽŶ ĂůŐƵŶŽƐ ĞdžŝůŝĂĚŽƐ ;ƋƵĞĚĂŶ ĨƵĞƌĂ͕ ŶŽ ŽďƐƚĂŶƚĞ͕ ůŽƐ ĐŽŵƵŶŝƐƚĂƐͿ͘ dĂŵďŝĠŶ ƐĞ ĞdžƉŽŶĞ Ğů ŽďũĞƚŝǀŽ ƋƵĞ ƉƌĞƚĞŶĚĞŶ ůŽŐƌĂƌ͗ Ğů ĚĞƐĞŽ ĚĞ ƵŶŝſŶ ĚĞ ƐƉĂŹĂ Ăů ƌĞƐƚŽ ĚĞ ƉĂşƐĞƐ ĞƵƌŽƉĞŽƐ͕ ĂƐƵŵŝĞŶĚŽ ůĂ ŶĞĐĞƐŝĚĂĚĚĞĚĞŵŽĐƌĂƚŝnjĂƌĞůƉĂşƐLJĂĐĞƉƚĂƌůŽƐĚĞƌĞĐŚŽƐŚƵŵĂŶŽƐLJůĂƐůŝďĞƌƚĂĚĞƐƉŽůşƚŝĐĂƐLJ ƐŽĐŝĂůĞƐƋƵĞĞƐƚŽƐƉĂşƐĞƐƌĞĐŽŶŽĐĞŶ͘ ^Ğ ŚĂĐĞ ƌĞĨĞƌĞŶĐŝĂ Ă ĚŽƐ ĚŽĐƵŵĞŶƚŽƐ͕ ůĂ ŽŶǀĞŶĐŝſŶ ƵƌŽƉĞĂ ĚĞ ůŽƐ ĞƌĞĐŚŽƐ ,ƵŵĂŶŽƐ͕ ĂƉƌŽďĂĚĂ ĞŶ ϭϵϱϬ LJ ƋƵĞ ƐĞ ĐĞŶƚƌĂďĂ ĞŶ Ğů ƌĞĐŽŶŽĐŝŵŝĞŶƚŽ ĚĞ ůŽƐ ĞƌĞĐŚŽƐ ĐŝǀŝůĞƐ LJ ƉŽůşƚŝĐŽƐ LJ͕ ůĂ ĂƌƚĂ ^ŽĐŝĂů ƵƌŽƉĞĂ͕ ĂƉƌŽďĂĚĂ ĞŶ ϭϵϲϭ LJ ĐĂƌĂĐƚĞƌŝnjĂĚĂ ƉŽƌ ƌĞĐŽŶŽĐĞƌ ĞƌĞĐŚŽƐ ĚĞ ƚŝƉŽ ƐŽĐŝŽĞĐŽŶſŵŝĐŽ͘ ŶůŽƐĂƌƚşĐƵůŽƐĚĞůĂĞĐůĂƌĂĐŝſŶ͕ůŽƐĚĞůĞŐĂĚŽƐĞƐƉĂŹŽůĞƐƐĞĐŽŵƉƌŽŵĞƚĞŶĂƋƵĞƐƉĂŹĂƐĞ ĐŽŶǀŝĞƌƚĂ ĞŶ ƵŶ ƉĂşƐ ĐŽŵƉůĞƚĂŵĞŶƚĞ ĚĞŵŽĐƌĄƚŝĐŽ͕ ĐƵLJŽƐ ƌĞƉƌĞƐĞŶƚĂŶƚĞƐ ŚĂLJĂŶ ƐŝĚŽ ĞůĞŐŝĚŽƐ ƉŽƌůŽƐĐŝƵĚĂĚĂŶŽƐLJŐŽďŝĞƌŶĞŶĚĞĂĐƵĞƌĚŽĂĞƐƚŽƐƉƌŝŶĐŝƉŝŽƐ͘^ĞĚĞďĞŶĂĐĞƉƚĂƌůŽƐĚĞƌĞĐŚŽƐ ƉŽůşƚŝĐŽƐŽĚĞ͞ƉƌŝŵĞƌĂŐĞŶĞƌĂĐŝſŶ͟;ĞůƚĞdžƚŽŵĞŶĐŝŽŶĂůŽƐĚĞůŝďĞƌƚĂĚƉĞƌƐŽŶĂůLJĚĞĞdžƉƌĞƐŝſŶ͕ ƋƵĞĐŽŶůůĞǀĂƌşĂŶůĂƐƵƉƌĞƐŝſŶĚĞƚŽĚĂůĂĐĞŶƐƵƌĂĞdžŝƐƚĞŶƚĞLJůĂůŝďĞƌƚĂĚĚĞƉƌĞŶƐĂͿ͘ŶĞůƚĞƌĐĞƌ ƉƵŶƚŽ ƐĞ ŚĂĐĞ ƌĞĨĞƌĞŶĐŝĂ Ăů ƌĞĐŽŶŽĐŝŵŝĞŶƚŽ ĚĞ ůŽƐ ŶĂĐŝŽŶĂůŝƐŵŽƐ͕ ĨƵĞƌƚĞŵĞŶƚĞ ƌĞƉƌŝŵŝĚŽƐ ĚƵƌĂŶƚĞ Ğů ƌĠŐŝŵĞŶ ĨƌĂŶƋƵŝƐƚĂ͘ Ŷ Ğů ĐƵĂƌƚŽ͕ ƐĞ ŚĂďůĂ ĚĞ ůŽƐ ĚĞƌĞĐŚŽƐ ĚĞ ůŽƐ ƚƌĂďĂũĂĚŽƌĞƐ ;Ž ĚĞƌĞĐŚŽƐ ͞ĚĞ ƐĞŐƵŶĚĂ ŐĞŶĞƌĂĐŝſŶ͟Ϳ LJ ůĂ ůĞŐĂůŝnjĂĐŝſŶ ĚĞ ůŽƐ ƐŝŶĚŝĐĂƚŽƐ ĚĞŵŽĐƌĄƚŝĐŽƐ͕ LJĂ ƋƵĞ ĚƵƌĂŶƚĞ Ğů ŵĂŶĚĂƚŽ ĚĞ &ƌĂŶĐŽ ƐŽůĂŵĞŶƚĞ ĞƐƚĂďĂ ƉĞƌŵŝƚŝĚŽ Ğů ^ŝŶĚŝĐĂƚŽ sĞƌƚŝĐĂů ;ƷŶŝĐĂ ŽƌŐĂŶŝnjĂĐŝſŶ ƐŝŶĚŝĐĂů͕ ĚĞ ŽƌŝŐĞŶ ĨĂƐĐŝƐƚĂ͕ ƋƵĞ ŵĞĚŝĂďĂ ĞŶƚƌĞ ĞŵƉƌĞƐĂƌŝŽƐ LJ ƚƌĂďĂũĂĚŽƌĞƐͿ LJ ůĂ ĚĞĨĞŶƐĂ ĚĞ ůŽƐ ĚĞƌĞĐŚŽƐ ĚĞ ůŽƐ ŽďƌĞƌŽƐ͕ ĞƐƉĞĐŝĂůŵĞŶƚĞ Ğů ĚĞƌĞĐŚŽ Ă ŚƵĞůŐĂ͘ Ŷ Ğů ƷůƚŝŵŽ ĂƌƚşĐƵůŽ ƐĞ ŚĂĐĞ ƌĞĨĞƌĞŶĐŝĂ Ă ůĂ ŽƉŽƐŝĐŝſŶ ƉŽůşƚŝĐĂ LJ ůĂ ůĞŐĂůŝnjĂĐŝſŶ ĚĞ ůŽƐ ƉĂƌƚŝĚŽƐ ;ƉƌŽŚŝďŝĚŽƐ ƚŽĚŽƐ͕ Ă ĞdžĐĞƉĐŝſŶ ĚĞů WĂƌƚŝĚŽ ƷŶŝĐŽ͕ & LJ ĚĞ ůĂƐ :KE^Ϳ Ž ƐŝŵƉůĞŵĞŶƚĞ ĂƐŽĐŝĂĐŝŽŶĞƐ ĐŽŶ ƵŶĂ ŽƉŝŶŝſŶĐŽŵƷŶ͘ >ĂƐ ĚŽƐ ƷůƚŝŵĂƐ ůşŶĞĂƐ ƐŽŶ ƵŶ ƌƵĞŐŽ ĐŽŶ Ğů ƋƵĞ ƐĞ ƉƌĞƚĞŶ̺à ůŽŐƌĂƌ ůĂ ĂĚŚĞƐŝſŶ ĚĞ ƐƉĂŹĂ Ă ƵƌŽƉĂƚƌĂƐůĂƌĞĂůŝnjĂĐŝſŶĚĞƚŽĚĂƐĞƐƚĂƐŵĞũŽƌĂƐ͘ ŽŵĞŶƚĂƌŝŽ͗ >Ă ĚĞŶŽŵŝŶĂĐŝſŶ ĚĞ ͞ŽŶƚƵďĞƌŶŝŽ͟ ĚĞ DƷŶŝĐŚ ƉƌŽǀŝĞŶĞ ĚĞ ůĂ ƉƌĞŶƐĂ ĨĂůĂŶŐŝƐƚĂ͕ ĞŶ ĞƐƉĞĐŝĂů ĚĞůĚŝĂƌŝŽ͞ƌƌŝďĂ͕͟ƋƵĞƵƚŝůŝnjſĞƐƚĞƚĠƌŵŝŶŽĞŶƵŶƐĞŶƚŝĚŽƉĞLJŽƌĂƚŝǀŽ͕LJƋƵĞƌĞĂůŝnjſŶƵŵĞƌŽƐĂƐ ĐƌşƚŝĐĂƐĂĚŝĐŚĂƌĞƵŶŝſŶ͕ĚĞƐƉƌĞƐƚŝŐŝĂŶĚŽĂƚŽĚŽƐůŽƐƋƵĞŚĂďşĂŶƉĂƌƚŝĐŝƉĂĚŽĞŶĞůůĂ͘ >Ă ĂĐƚŝǀŝĚĂĚ ĚĞ ůŽƐ ŐƌƵƉŽƐ ŽƉŽƐŝƚŽƌĞƐ Ă ůĂ ĚŝĐƚĂĚƵƌĂ ĨƌĂŶƋƵŝƐƚĂ ŚĂďşĂ ƐŝĚŽ ŵƵLJ ĞƐĐĂƐĂ ĞŶ ůŽƐ ƉƌŝŵĞƌŽƐ ĂŹŽƐ ĚĞů ƌĠŐŝŵĞŶ͕ ƉŽƌ ůŽ ƋƵĞ ĐƵĂŶĚŽ ůŽƐ ƉĂƌƚŝĐŝƉĂŶƚĞƐ ĞŶ ůĂ ĚĞĐůĂƌĂĐŝſŶ ĚĞů ŽŶŐƌĞƐŽĚĞDƷŶŝĐŚƌĞŐƌĞƐĂƌŽŶĂƐƉĂŹĂ͕LJĚĞĂĐƵĞƌĚŽĐŽŶůĞLJĞƐĐŽŵŽůĂĚĞůĂZĞƉƌĞƐŝſŶĚĞů ŽŵƵŶŝƐŵŽ LJ ůĂ DĂƐŽŶĞƌşĂ͕ ĨƵĞƌŽŶ ĞŶĐĂƌĐĞůĂĚŽƐ͕ ĚĞƐƚĞƌƌĂĚŽƐ Ž ƚƵǀŝĞƌŽŶ ƋƵĞ ŚƵŝƌ Ăů ĞdžŝůŝŽ͘ dĂŵďŝĠŶŚƵďŽƵŶĞŶĨƌĞŶƚĂŵŝĞŶƚŽĞŶƚƌĞĨĂůĂŶŐŝƐƚĂƐLJŵŽŶĄƌƋƵŝĐŽƐĞŶƵŶŵŽŵĞŶƚŽĚŝĨşĐŝůƉĂƌĂ ĞƐƚŽƐ ;ƉƌĞƉĂƌĂĐŝſŶ ĚĞ ůĂ >ĞLJ ĚĞ ^ƵĐĞƐŝſŶͿ͘ ĐĂŵďŝŽ͕ ĞƐƚĂ ƌĞĂĐĐŝſŶ ĚĞů ŐŽďŝĞƌŶŽ ĨƌĂŶƋƵŝƐƚĂ ŝŵƉŽƐŝďŝůŝƚſ ƉŽƌ ĐŽŵƉůĞƚŽ ůĂ ĞŶƚƌĂĚĂ ĚĞů ƉĂşƐ ĞŶ ůĂ ŽŵƵŶŝĚĂĚ ĐŽŶſŵŝĐĂ ĞƵƌŽƉĞĂ͕ ƋƵĞ ŶŽ ƐĞ ƉƌŽĚƵũŽ ŚĂƐƚĂ ϭϵϴϲ͕ ƵŶĂ ǀĞnj ĨŝŶĂůŝnjĂĚŽ Ğů ƌĠŐŝŵĞŶ ĨƌĂŶƋƵŝƐƚĂ LJ ĂƐĞŶƚĂĚĂƐ ůĂƐ ďĂƐĞƐ ĚĞ ůĂ ĚĞŵŽĐƌĂĐŝĂ͘ ƉĂƌƚŝƌ ĚĞ ůĂ ĚĠĐĂĚĂ ĚĞ ϭϵϲϬ͕ ƐĞ ƉƌŽĚƵũŽ ƵŶĂ ĨƵĞƌƚĞ ŽƉŽƐŝĐŝſŶ Ăů ƌĠŐŝŵĞŶ͖ ĂƵŵĞŶƚĂƌŽŶ ůĂƐ ŚƵĞůŐĂƐ LJ ůĂƐ ƌĞŝǀŝŶĚŝĐĂĐŝŽŶĞƐ ŽďƌĞƌĂƐ͕ ĐŽŶ Ğů ĨŝŶ ĚĞ ŽďƚĞŶĞƌ ƵŶĂƐ ŵĞũŽƌĞƐ ĐŽŶĚŝĐŝŽŶĞƐ ůĂďŽƌĂůĞƐ͘ĞƐƚĂĐĂŶůĂƐŚƵĞůŐĂƐƌĞĂůŝnjĂĚĂƐƉŽƌůŽƐŵŝŶĞƌŽƐĂƐƚƵƌŝĂŶŽƐĞŶϭϵϲϮ͕ƋƵĞĐŽŶůůĞǀĂƌŽŶ Ğů ŶĂĐŝŵŝĞŶƚŽ ĚĞ ƵŶ ŶƵĞǀŽ ƐŝŶĚŝĐĂůŝƐŵŽ ;ĨƵŶĚĂĐŝſŶ ĚĞ ŽŵŝƐŝŽŶĞƐ KďƌĞƌĂƐ ĞŶ ϭϵϲϰͿ LJ ĞŶ ůĂƐ ƋƵĞƚĂŵďŝĠŶƉŽĚƌşĂŵŽƐĞŶĐŽŶƚƌĂƌĞůĚĞƐĞŶĐĂĚĞŶĂŶƚĞƉƌŝŶĐŝƉĂůĚĞůĂĐĞůĞďƌĂĐŝſŶĚĞůŽŶŐƌĞƐŽ ĚĞůDŽǀŝŵŝĞŶƚŽƵƌŽƉĞŽ͘ůĐŽŶƚĞdžƚŽŝŶƚĞƌŶĂĐŝŽŶĂů;ĐƌĞĂĐŝſŶĚĞůĂ͕͘͘͘ĂƉĂƌŝĐŝſŶĚĞůĂĨŝŐƵƌĂ ĚĞ <ĞŶĞĚĚLJͿ ƚĂŵďŝĠŶ ĚĂďĂ ůĂ ƐĞŶƐĂĐŝſŶ ĚĞ ƉŽĚĞƌƐĞ ĞĨĞĐƚƵĂƌƐĞ ĐĂŵďŝŽƐ ĚĞŵŽĐƌĄƚŝĐŽƐ ĞŶ ƐƉĂŹĂĂƉƌŽǀĞĐŚĂŶĚŽůĂƐĐŝƌĐƵŶƐƚĂŶĐŝĂƐ͘ >Ă ŵĂLJŽƌşĂ ĚĞ ůŽƐ ƉĂƌƚŝĚŽƐ ƉŽůşƚŝĐŽƐ ŽƉŽƐŝƚŽƌĞƐ ƉĂƌƚŝĐŝƉſ ĞŶ ĞƐƚĂ ƌĞƵŶŝſŶ͕ ĂƵŶƋƵĞ͕ ůŽƐ ĐŽŵƵŶŝƐƚĂƐ ĨƵĞƌŽŶ ĞdžĐůƵŝĚŽƐ ƉŽƌ ƐĞƌ ĐŽŶƚƌĂƌŝŽƐ Ăů ĞƵƌŽƉĞşƐŵŽ ĞŶ ĞƐĞ ŵŽŵĞŶƚŽ ;ŽŶƚĞdžƚŽ ĚĞ 'ƵĞƌƌĂ &ƌşĂͿ͘ >ŽƐ ƉĂƌƚŝĚŽƐ ƉĂƌƚŝĐŝƉĂŶƚĞƐ ĐƌĞLJĞƌŽŶ ƋƵĞ ĐŽŶƚĂďĂŶ ĐŽŶ Ğů ĂƉŽLJŽ ĚĞ ƵŶĂ ŐƌĂŶ ŵĂLJŽƌşĂ ĚĞ ůĂ ƉŽďůĂĐŝſŶ͕ ƉĞƌŽ ůĂ ƌĞĂůŝĚĂĚ ĨƵĞ ƋƵĞ͕ Ă ƉĞƐĂƌ ĚĞ ůĂƐ ŚƵĞůŐĂƐ LJ ůĂ ŽƉŽƐŝĐŝſŶ ĐůĂŶĚĞƐƚŝŶĂ͕ĞůĨƌĂŶƋƵŝƐŵŽŶƵŶĐĂĞƐƚƵǀŽĞŶǀĞƌĚĂĚĞƌŽƉĞůŝŐƌŽ͘,ĂLJƋƵĞĚĞƐƚĂĐĂƌ͕ĐŽŵŽĂƐƉĞĐƚŽ ƉŽƐŝƚŝǀŽ͕ƋƵĞĞƌĂůĂƉƌŝŵĞƌĂǀĞnjƋƵĞƐĞĞŶĐŽŶƚƌĂďĂŶŽƉŽƐŝƚŽƌĞƐĚĞůŝŶƚĞƌŝŽƌLJĚĞůĞdžŝůŝŽ͕ĞŝŶĐůƵƐŽ ĂůŐƵŶŽƐ ĚĞ ůŽƐ ƉƌŝŶĐŝƉĂůĞƐ ƉĂƌƚŝĐŝƉĂŶƚĞƐ ĞŶ Ğů ŽŶŐƌĞƐŽ ƉƌŽǀĞŶşĂŶ ĚĞ ďĂŶĚŽƐ ĐŽŶƚƌĂƌŝŽƐ ĞŶ ůĂ 'ƵĞƌƌĂ ŝǀŝů͕ ƉĞƌŽ͕ Ă ĐĂŵďŝŽ͕ ƚĞŶşĂŶ ƚĂŵďŝĠŶ ǀŝƐŝŽŶĞƐ ĚŝĨĞƌĞŶƚĞƐ ĚĞ ůĂ ƐƉĂŹĂ ĚĞŵŽĐƌĄƚŝĐĂ͗ ůĂ ĐƌĞĂĐŝſŶ ĚĞ ƵŶĂ ƌĞƉƷďůŝĐĂ Ž ĚĞ ƵŶĂ ŵŽŶĂƌƋƵşĂ ĐŽŶƐƚŝƚƵĐŝŽŶĂů͕ Ž ůĂ ƉŽƐŝĐŝſŶ ĚĞ ůĂ /ŐůĞƐŝĂ͕ ƐŽŶ ĂůŐƵŶŽƐĞũĞŵƉůŽƐ͘ sĂůŽƌĂĐŝſŶ ƐƚĞ ĚŽĐƵŵĞŶƚŽ ƚŝĞŶĞ ƵŶ ŐƌĂŶ ǀĂůŽƌ ŚŝƐƚſƌŝĐŽ͕ LJĂ ƋƵĞ ƌĞƉƌĞƐĞŶƚĂ ƵŶŽ ĚĞ ůŽƐ ƉƌŝŵĞƌŽƐ ƐŝŐŶŽƐ ĚĞ ƌĞĐŚĂnjŽ Ăů ĨƌĂŶƋƵŝƐŵŽ ƉŽƌ ƉĂƌƚĞ ĚĞ ůĂ ŽƉŽƐŝĐŝſŶ ŝŶƚĞƌŶĂ͕ ƋƵĞ ĞŶ ĞƐƚĞ ĐĂƐŽ͕ ůůĞŐſ ŝŶĐůƵƐŽ Ă ƚĞŶĞƌŵĄƐŝŵƉŽƌƚĂŶĐŝĂƋƵĞůĂŽƉŽƐŝĐŝſŶĚĞƋƵŝĞŶĞƐŚĂďşĂŶƉĞƌĚŝĚŽůĂŐƵĞƌƌĂ͕LJĂĐƚƵĂďĂŶĚĞƐĚĞ Ğů ĞdžƚĞƌŝŽƌ͘ ĚĞŵĄƐ͕ ĂLJƵĚſ ĞŶŽƌŵĞŵĞŶƚĞ Ă ůĂ ƵŶŝĨŝĐĂĐŝſŶ ĚĞ ƚŽĚŽƐ ůŽƐ ƉĂƌƚŝĚŽƐ ĚĞ ŽƉŽƐŝĐŝſŶ LJ ŵĂƌĐſ Ğů ŝŶŝĐŝŽ ĚĞ ƵŶĂ ĞƚĂƉĂ ĚĞ ŶƵŵĞƌŽƐŽƐ ƐŽďƌĞƐĂůƚŽƐ ŽƉŽƐŝƚŽƌĞƐ ŚĂĐŝĂ ůĂ ĚŝĐƚĂĚƵƌĂ͘ ƌĞĐŝſ ůĂ ŽƉŽƐŝĐŝſŶ ĚĞ ŝnjƋƵŝĞƌĚĂƐ͕ ĚŝƌŝŐŝĚĂ ĞŶ ĞƐƉĞĐŝĂů ƉŽƌ KK͕ LJ Ğů W^K ŝŶŝĐŝſ ƵŶ ƉƌŽĐĞƐŽ ĚĞ ƌĞŶŽǀĂĐŝſŶ͘ dĂŵďŝĠŶ ĂƵŵĞŶƚſ ůĂ ŽƉŽƐŝĐŝſŶ ĚĞ ŐƌƵƉŽƐ ĚĞ ŝĚĞĂƐ ŵŽĚĞƌĂĚĂƐ͕ ĞŶ ŐĞŶĞƌĂů ĚĞŵŽĐƌŝƐƚŝĂŶŽƐ LJ ůŝďĞƌĂůĞƐ͕ ƉĞƌŽ Ŷŝ ƐŝƋƵŝĞƌĂ Ă ĞƐƚŽƐ ĐŽůĞĐƚŝǀŽƐ ĐŽŶ ŝĚĞĂƐ ĚĞ ĐĞŶƚƌŽͲĚĞƌĞĐŚĂ ƐĞ ůĞƐ ƉĞƌŵŝƚŝſ ĞdžƉŽŶĞƌƐĞ ĚĞ ĨŽƌŵĂ ĂďŝĞƌƚĂ LJ ƚŽĚŽƐ ĞůůŽƐ ĨƵĞƌŽŶ ĨƵĞƌƚĞŵĞŶƚĞ ƌĞƉƌŝŵŝĚŽƐ ƉŽƌ Ğů ƌĠŐŝŵĞŶ͘ Ŷ ĐƵĂŶƚŽ Ă ůĂ ƌĞƉĞƌĐƵƐŝſŶ ĞŶ Ğů ƌĠŐŝŵĞŶ ĨƌĂŶƋƵŝƐƚĂ͕ Ğů ŽŶŐƌĞƐŽ ĚĞ DƷŶŝĐŚ ƐŽůŽ ůŽŐƌſ ƵŶ ƉĞƋƵĞŹŽĐĂŵďŝŽĞŶĞůŐŽďŝĞƌŶŽ͘>ĂĨƵĞƌƚĞƌĞĂĐĐŝſŶĨĂůĂŶŐŝƐƚĂůĞƐŚŝnjŽĐĂĞƌĞŶĚĞƐŐƌĂĐŝĂ͕ƉŽƌůŽ ƋƵĞƐĞŝŶƚĞŶƚſĚĂƌƵŶĂǀŝƐŝſŶŵĄƐĂƉĞƌƚƵƌŝƐƚĂĐŽŶDĂŶƵĞů&ƌĂŐĂĐŽŵŽDŝŶŝƐƚƌŽĚĞŝŶĨŽƌŵĂĐŝſŶ LJdƵƌŝƐŵŽ͘^ĞǀŝŽƚĂŵďŝĠŶůĂŝŵƉŽƌƚĂŶĐŝĂĚĞůŽƐŵĞĚŝŽƐĚĞĐŽŵƵŶŝĐĂĐŝſŶ͕ĂůŽƐƋƵĞƐĞĚĞĚŝĐſ ƵŶĂ ůĞLJ ;>ĞLJ ĚĞ WƌĞŶƐĂ ĚĞ ϭϵϲϲ͕ ĞŶ ƚĞŽƌşĂ ŵĄƐ ůŝďƌĞ ƉĞƌŽ ĐŽŶ ƵŶ ĨĠƌƌĞŽ ĐŽŶƚƌŽů ƉŽƌ ƉĂƌƚĞ ĚĞů ŐŽďŝĞƌŶŽͿ͘ ^Ğ ĚĞŵŽƐƚƌſ ĂƐŝŵŝƐŵŽ ƋƵĞ ŵŝĞŶƚƌĂƐ ĐŽŶƚŝŶƵĂƌĂ ůĂ ĚŝĐƚĂĚƵƌĂ͕ ůĂƐ ƉŽƐŝďŝůŝĚĂĚĞƐ ĚĞ ŝŶƚĞŐƌĂĐŝſŶĞŶƵƌŽƉĂĞƌĂŶŵƵLJĞƐĐĂƐĂƐ͘ ĐƚƵĂůŵĞŶƚĞ͕ ůŽ ƉŽĚĞŵŽƐ ŝŶƚĞƌƉƌĞƚĂƌ ĐŽŵŽ ůĂ ƉƌŝŵĞƌĂ ŵƵĞƐƚƌĂ ĚĞ ƵŶĂ ĐůĂƌĂ ŽƉŽƐŝĐŝſŶ Ă ůĂ ĚŝĐƚĂĚƵƌĂ͕ ƐŝĞŶĚŽ ƵŶ ƐşŵďŽůŽ ĚĞ ĂƋƵĞůůŽƐ ƋƵĞ ůƵĐŚĂƌŽŶ ƉĂƌĂ ĂĐĂďĂƌ ĐŽŶ ĞůůĂ LJ ƌĞŝŵƉůĂŶƚĂƌ ůĂ ĚĞŵŽĐƌĂĐŝĂ͕ĂƉĞƐĂƌĚĞƋƵĞŶŽůŽŐƌĂƌĂŶŐƌĂŶĚĞƐĂƉŽLJŽƐ͕ŶŝƐƵƐŝĚĞĂƐůůĞŐĂƐĞŶĂƚƌŝƵŶĨĂƌ͘z͕ƐŝŶ ĚƵĚĂ͕ĐŝƚĂƌůĂŝŵƉŽƌƚĂŶĐŝĂĚĞůĂĐůĂǀĞĞƵƌŽƉĞşƐƚĂƉĂƌĂůĂƉƌŽƉŝĂŚŝƐƚŽƌŝĂĚĞƐƉĂŹĂ͘