! "#$%&'$&%(!)%*(+,-($,.(! "#$%&'$&%(!)%*(+,-($,.(! #/0!12340/5!67!3/89720/!67:!#72;9<9/!'=0>482/!67!"?@:7/!7:!'/057A/!67! B927<<910C!:4!D2759670<94!E!:4!B927<<910F! G4!B927<<910! G4!B927<<910! ! G4! 6927<<910! 67:! #72;9<9/! '=0>482/! 67! "?@:7/! 75! 7:!12340/! 7A7<H>9;/!67:! ?95?/! E! 5H! >9>H:42C! </0! 2403/! 67! B927<>/24! *70724:C! 75! 675930464! @/2! 7:! */89720/!67!'40>48294C!4!>24;I5!67!5H!'/057A/!67!*/89720/!E!4!!@2/@H75>4! 67!:4!'/057A72J4!67!"</0/?J4C!K4<97064!E!"?@:7/C!H04!;7L!</05H:>46/!7:! '/057A/!67!B927<<910F! #/0!MH0<9/075! MH0<9/075!67! MH0<9/075! !:4!B927<<910N! OF )5>70>42! :4! 27@27570>4<910! :734:! 67:! #72;9<9/! '=0>482/! 67! "?@:7/!E! <//269042! 5H! 4<>9;9646! </0! :4! B927<<910! *70724:! </?@7>70>7! 70! ?4>7294!67!>2484A/F! PF ,0M/2?42! 67! 4QH7::/5! 45H0>/5! QH7! 67840! 572! </0/<96/5! @/2! 7:! '/057A/!E!>/6/5!4QH7::/5!QH7!45J!:/!27QH97240!</0!<42=<>72!@27;9/F! RF B929392C! <//269042C! @:409M9<42! E! 5H@72;9542! :45! 4<>H4<9/075! 07<7542945! @424! 7:! <H?@:9?970>/! 67! :/5! M9075! E! 67! :45! MH0<9/075! 4>298H9645! 4:! #72;9<9/!'=0>482/!67!"?@:7/F! SF D2/@/072!4:!D2759670>7!67:!'/057A/!7:!/2670!67:!6J4!67!I5>7!12340/C! <HE4!</0;/<4>/294!572=!4@2/8464!@/2!7:!D2759670>7F! TF (H>/29L42! :4! <7:7824<910! 67! :/5! </0;709/5! 67! </:48/24<910! </0! 70>964675! @U8:9<45! /! @29;4645! QH7! 5740! 07<75429/5! @424! 7:! 675422/::/! 67! :45! :J0745! 67! 4<>H4<910! 67:! #72;9<9/! '=0>482/! 67! "?@:7/C!45J!</?/!5H5<29892:/5F! VF (6/@>42! :45! 275/:H<9/075! 07<7542945! @424! 7:! 675422/::/! 67! :45! 4<>H4<9/075!67:!#72;9<9/!'=0>482/!67!"?@:7/F! WF K/?/:/342! :/5! <70>2/5! </:48/246/275! /! 45/<946/5! @424! :4! @275>4<910! 67! 572;9<9/5! 67! 4@/E/! 4! :45! </?@7>70<945! 67:! #72;9<9/! '=0>482/!67!"?@:7/C!45J!</?/!275/:;72!:/5!7X@76970>75!4>9070>75!4! :45!4<>9;964675!67!:/5!<9>46/5!<70>2/5F! YF ":7;42! 4:! >9>H:42! 67! :4! '/057A72J4! QH7! >7034! 4>298H9645! :45! </?@7>70<945!70!?4>7294!67!>2484A/!:45!@2/@H75>45!67!695@/59<9/075! 27:4>9;45!4!:45!MH0<9/075!4>298H9645!4:!#72;9<9/!'=0>482/!67!"?@:7/F! "0! @42>9<H:42C! :7! </2275@/067! 7:48/242! :45! 1267075! 67! </0;/<4>/294! 67! 5H8;70<9/075! 70! ?4>7294! 67! 7?@:7/! E! M/2?4<910C! E! @2/@/072! 4:! >9>H:42!67!:4!<9>464!'/057A72J4!5H!4@2/84<910F! ZF %75/:;72! :/5! </0M:9<>/5! 67! 4>298H<9/075! QH7! 5H2A40! 70>27! 695>90>/5! 12340/5!67:!#72;9<9/!'=0>482/!67!"?@:7/F! O[F"A7<H>42! :/5! @2/324?45! @275H@H75>429/5! 67:! #72;9<9/! '=0>482/! 67! "?@:7/C!4H>/29L406/!:45!695>90>45!M4575!67!:/5!7X@76970>75!67!345>/F! "::/! 590! @72AH9<9/! 67! :45! </?@7>70<945! QH7! :45! G7E75! 67! D275H@H75>/5!67!:4!'/?H09646!(H>10/?4!67!'40>48294!4>298HE40!4:! '/057A/!67!*/89720/F! OOFD2/@/072!4:!>9>H:42!67!:4!'/057A72J4!</?@7>70>7!70!?4>7294!67!>2484A/! :4!>24?9>4<910!67!:/5!7X@76970>75!67!</0>24>4<910!67:!)234095?/F!+/! /85>40>7C! 75>42=! M4<H:>46/! @424! >24?9>42! E! 46AH69<42! </0>24>/5! ?70/275F! OPF)5>70>42!:4!A7M4>H24!90?7694>4!67:!@725/04:!67:!)234095?/!E!6929392!:4! /23409L4<910! E! 7:! MH0<9/04?970>/! 67! :/5! 572;9<9/5! E! H0964675! 67:! ?95?/F! ORF":48/242! 7:! 40>7@2/E7<>/! 67! @275H@H75>/5C! 7:! @:40! 40H4:! 67! 4<>H4<9/075!67:!#72;9<9/!'=0>482/!67!"?@:7/C!45J!</?/!5H!?7?/294! 40H4:C!@424!5H!7:7;4<910!4:!'/057A/F! OSFD2/@/072!4:!>9>H:42!67!:4!'/057A72J4!</?@7>70>7!70!?4>7294!67!>2484A/! :4!90>72@/59<910!/!:4!@725/04<910!70!<H4:75QH9724!4<<9/075!AH69<94:75! E! 27<H25/5! QH7! 4M7<>70! 4! :/5! 90>727575! 370724:75! 6729;46/5! 67:! =?89>/!</?@7>70<94:!67:!#72;9<9/!'=0>482/!67!"?@:7/F! OTF%75/:;72!:/5!7X@76970>75!67!7?@427A4?970>/!E!57:7<<910!67!/M72>45! E!67?40645!67!7?@:7/F! OVF"M7<>H42! :4! @2/@H75>4! 67! 75>2H<>H24! /23=09<4! E! 67! 27:4<910! 67! @H75>/5!67!>2484A/!67:!@725/04:!67:!#72;9<9/!'=0>482/!67!"?@:7/F! ! ! OWFD/>70<942!:4!90M/2?4>9L4<910!E!:4!90>2/6H<<910!67!0H7;45!>7<0/:/3J45! 70! 7:! 675422/::/! 67! :/5! 572;9<9/5! E! MH0<9/075! 67:! #72;9<9/! '=0>482/! 67!"?@:7/C!4!>24;I5!67!5H!6927<<910C!</0>2/:!E!5H@72;95910F!! OYF*4240>9L42! :4! 90</2@/24<910! 67! :4! 69?705910! 67! 3I072/! 70! 7:! </0AH0>/!67!:45!@/:J>9<45!E!4<>H4<9/075!67:!#72;9<9/C!84A/!7:!@290<9@9/! 67!:4!93H4:646!67!/@/2>H0964675F! OZF"5>48:7<72!:/5!<29>729/5!@424!:4!7:48/24<910!67!75>46J5>9<45F! P[F(04:9L42! 7! 90M/2?42! 5/827! 7:! 75>46/! E! 7;/:H<910! 67:! ?72<46/! 67! >2484A/!2739/04:F! POF'//269042! :4! 4<>9;9646! 67:! #72;9<9/! '=0>482/! 67! "?@:7/! </0! :4! '/?95910!'=0>4824!67!\/2?4<910!D2/M759/04:F! PPF"A72<72! <H40>45! MH0<9/075! 5740! 07<7542945! @424! 34240>9L42! 7:! PPF <H?@:9?970>/! E! 675422/::/! 67! :/5! M9075! E! </?@7>70<945! :734:75! 67:! #72;9<9/! '=0>482/! 67! "?@:7/! E! 4QH7::45! />245! QH7! </2275@/0640! 4:! )234095?/!E!0/!]4E40!596/!4>298H9645!4!/>2/!12340/!67:!?95?/F!! ! G4!D2759670<94! G4!D2759670<94! G4! D2759670<94! 67:! #72;9<9/! '=0>482/! 67! "?@:7/! 75! 7:!12340/! 67! 27@27570>4<910! 67:! )234095?/!E! 75>=! 45H?964! @/2! :4! @725/04! >9>H:42! 67! :4! '/057A72J4!67!"</0/?J4C!K4<97064!E!"?@:7/C!BF!^H40!^/5I!#/>4!.726910F! G7!</2275@/067!7A72<72!:45!</?@7>70<945!4>298H9645!@/2!:4!G7E!R[_OZZPC!67! PV! 67! 0/;97?827C! 4:! @2759670>7! 67! :/5! 12340/5! </:73946/5! 67! :45! (6?9095>24<9/075!DU8:9<45F! ! ":!!'/057A/!67!B927<<910 '/057A/!67!B927<<910!! ": ! "5! 7:!12340/! @429>429/! 67! @42>9<9@4<910C! 4575/24?970>/! E! </05H:>4!67:! #72;9<9/! '=0>482/! 67! "?@:7/C! 70! 7:! QH7! 75>=0! 90>73246/5! 27@27570>40>75! 67:! */89720/! 67! '40>48294! E! 67! :45! /23409L4<9/075! 7?@2754294:75! E! 59069<4:75! ?=5! 27@27570>4>9;45! 70! 7:! =?89>/! 67! :4! '/?H09646! (H>10/?4! 67!'40>48294F! ! "5>=!</?@H75>/!@/2N! ! `D2759670>4!67:!#72;9<9/!'=0>482/!67!"?@:7/C!ab!67:!'42?70!BJ4L!a42L4:F! `.9<7@2759670>4C! :4! B927<>/24! *70724:! </?@7>70>7! 70! ?4>7294! 67! >2484A/C! (04!c7:I0!d:;427L!\720=067LF! `./<4:75N! o #795!?97?82/5!67593046/5!70!27@27570>4<910!67:!*/89720/!67! '40>48294C!4!@2/@H75>4!67:!>9>H:42!67!:4!'/057A72J4!</?@7>70>7! 70! ?4>7294! 67! >2484A/C! H0/! 67! :/5! <H4:75! 572=! 7:! B927<>/2! 67:! #72;9<9/!'=0>482/!67!"?@:7/F! o 'H4>2/! ?97?82/5! 67! :45! /23409L4<9/075! 7?@2754294:75! ?=5! 27@27570>4>9;45! 70! 7:! =?89>/! 67! :4! '/?H09646! (H>10/?4! 67! '40>48294C!4!@2/@H75>4!67!:45!?70<9/04645!/23409L4<9/075F! o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