FDAQTHJR@@MVHIYHMF NODQ@SHMF HMRSTBSHNMR !$ &@RJNNJOK@@S &@R GNA $'&
DKDBSQNKTW
DKDBSQNKTW 6DKJNL HM CD VDQDKC U@M $KDBSQNKTWũ &DEDKHBHSDDQC T GDAS FDJNYDM UNNQ DDM DDQRSDJK@R OQNCTBS U@M $KDBSQNKTW 4 YTKS GHDQ I@QDMK@MF OKDYHDQ @@M ADKDUDM 'DS HR CD @LAHSHD U@M $KDBSQNKTW NL GDS GTHRGNTCDM UNNQ T FDL@JJDKHIJDQ SD L@JDM CNNQ LHCCDK U@M DDM AQDDC @RRNQSHLDMS JV@KHSDHSR@OO@Q@STTQ 4 UHMCS DMJDKD UNNQADDKCDM GHDQU@M NO CD UNNQYHICD U@M CDYD FDAQTHJR@@MVHI YHMF -DDL CD SHIC NL CDYD FDAQTHJR@@MVHIYHMF SD ADRSTCDQDM YNC@S T JTMS OQNEHSD QDM U@M CD UNNQCDKDM U@M TV MHDTVD @OO@Q@@S
DKDBSQNKTW (MGNTC 5NNQ CD FDAQTHJDQ 6@@QRBGTVHMFDM DM @CUHDYDM 4HSUNDQHMF @MVHIYHMFDM UNNQ CD FDAQTHJDQ 'DS FDAQTHJ &@Q@MSHD RDQUHBD@ECDKHMF 5NNQ CD HMRS@KK@SDTQ 3DBGMHRBGD FDFDUDMR 6@@QRBGTVHMFDM UNNQ CD HMRS@KK@SDTQ @MO@RRHMF @@M UDQRBGHKKDMC F@RSXOD $KDJSQHRBGD UDQAHMCHMF (MANTV ,DTADKBNMRSQTBSHD .UDQ CDYD FDAQTHJR@@MVHIYHMF .
DKDBSQNKTW -DCDQK@MCR 6@@QRBGTVHMFDM DM @CUHDYDM #DYD V@@QRBGTVHMFDM YHIM ADCNDKC UNNQ TV DM @MCDQL@MR UDHKHFGDHC 4 VNQCS FD@BGS YD FDKDYDM SD GDAADM @KUNQDMR T GDS @OO@Q@@S HMRS@KKDDQS DM NE HM FDAQTHJ MDDLS (MRS@KK@SHD q 'DS HMRS@KKDQDM DM @@MRKTHSDM U@M GDS @OO@Q@@S CHDMS CNNQ DDM DQJDMC HMRS@KK@SDTQ SD FDRBGHDCDM q 2KTHS GDS @OO@Q@@S @@M NO GDS ITHRSD SXOD F@R YN@KR UDQLDKC NO CD RSHBJDQ M@@RS CD F@R@@MRKTHSHMF U@M CD JNNJOK@@S q 3HICDMR GDS FDAQTHJ OQNCTBDDQS CD JNNJOK@@S V@QLSD DM UNBG
DKDBSQNKTW q q q q q q q q GDS RKTHS DM V@BGS LDS RKTHSDM SNS CD AQ@MCDQR @EFDJNDKC YHIM 1DFDKL@SHF RBGNNML@JDM HM EDHSD M@ DKJ FDAQTHJ UNNQJNLS KDKHIJ VNQCDM U@M CD L@SDQH@@KNOODQUK@JJDM DM RKDBGS ETMBSHNMDQDM U@M CD AQ@MCDQR DM DUDMSTDKD ANTFHDR #Q@@H @KSHIC DDQRS CD UK@L K@@F NE THS UłłQ T DDM O@M U@M GDS OK@SD@T MDDLS .
DKDBSQNKTW YHBG YNTCDM JTMMDM UNNQCNDM HM FDU@K U@M UDQJDDQCD @EU@KADG@MCDKHMF 5NNQ LDDQ CDS@HKR HM UDQA@MC LDS GDS QDBXBKDM U@M CHS OQNCTBS MDDLS T GDS ADRS BNMS@BS NO LDS CD FDLDDMSDKHIJD HMRS@MSHDR GDS ADCQHIE NE CD CHDMRS ADK@RS LDS CD UDQVHICDQHMF U@M GTHRGNTC@EU@K NE CD VHMJDK V@@Q T GDS OQNCTBS GDAS FDJNBGS
DKDBSQNKTW 4HSUNDQHMF *KDHMAQ@MCDQ -NQL@@KAQ@MCDQ 2SDQJAQ@MCDQ 6NJAQ@MCDQ !DCHDMHMFRJMNOODM 'DS HR THSDQRS ADK@MFQHIJ C@S GDS AHI GDS @OO@Q@@S ADGNQDMCD HMRSQTBSHDANDJID ADV@@QC AKHIES 9NT GDS @OO@Q@@S CNNQ T @@M HDL@MC @MCDQR FDFDUDM NE UD QJNBGS VNQCDM NE YNT GDS @OO@Q@@S HM GDS GTHR U@M V@@QTHS T UDQGTHRS @BGSDQ AKHIUDM C@M CHDMS CD MHDTVD FDAQTHJ RS DQ NUDQ GDS HMRSTBSHDANDJID DM CD C@@ QHM NOFDMNLDM V@@QRBGTVHMFDM SD JTMMDM ADRBGHJJDM #DYD HMRSQTBSHDR FDKCDM
DKDBSQNKTW @MVHIYHMFDM UNNQ CD FDAQTHJDQ !DCHDMHMFRJMNOODM #D ADCHDMHMFRJMNOODM U@M CD AQ@MCDQR GDAADM CQHD RS@MCDM FDRKNSDM THS L@WHL@KD F@RSNDUNDQ LHMHL@KD F@RSNDUNDQ 2SDDJ CD AQ@MCDQ @KSHIC @@M UNNQC@S T DQ DDM O@M NOYDS ) &DĴMSDFQDDQCD NMSRSDJHMF 2SDDJ DDM KTBHEDQ @@M #QTJ CD JMNO U@M CD ADSQDEEDMCD AQ@MCDQ HM DM CQ@@H GDL KHMJRNL 2SDDJ CD AQ@MCDQ CHQDBS @@M ,@@Q GNTCS UDQUNKFDMR CD JMNO MNF RDBNMCDM FDGDDK HMFDCQTJS #@S HR MNCHF NL CD UK@LADUDHKHFHMF HM SD RBG@JDKDM #D
DKDBSQNKTW 'DS &DAQTHJ .OSHL@@K QDMCDLDMS 5NNQ DDM NOSHL@@K QDMCDLDMS LNDS CD CH@LDSDQ U@M CD O@M @@MFDO@RS YHIM @@M CD AQ@MCDQ YNC@S CD UK@LLDM MHDS K@MFR CD YHIJ@MS THSRK@@M YHD S@ADK 6HI @CUHRDQDM NNJ NL CD UK@L K@FDQ SD YDSSDM YNCQ@ GDS JNNJOTMS ADQDHJS HR q &DAQTHJ @KKDDM O@MMDM LDS DDM UK@JJD ANCDL 6DDR UNNQYHBGSHF @KR T NKHD NE @MCDQD UDSRSNEEDM FDAQTHJS YN @KR AHI GDS EQHSTQDM .KHD DM UDS NMSAQ@MCDM FDL@JJDKHIJ AHI NUDQUDQGHSSHMF 5NNQ DDM ITHRS FDAQTHJ U@M CD JNNJOK@@S .
DKDBSQNKTW .
DKDBSQNKTW *NNJOK@SDM LDS FHDSHIYDQDM O@MMDMCQ@FDQR OK@@SR M@ GDS RBGNNML@JDM CD O@MMDMCQ@FDQR VDDQ NO GTM OK@@SR .
DKDBSQNKTW 3DBGMHRBGD FDFDUDMR ELDSHMFDM HM LL 5DQLNFDM F@RAQ@MCDQR 2SDQJAQ@MCDQ (MANVNODMHMF !QDDCSD #HDOSD LL LL *NNJOK@@S !QDDCSD #HDOSD 38/$ !1 -#$1 LL LL , 7(, +$ 6 1,3$ %&(%3$ J6 6NJAQ@MCDQ -NQL@@KAQ@MCDQ 2TCCDQAQ@MCDQ @QCF@R J6 +/& J6 J6 J6 J6 @MRKTHSHMF @@M 5 ] 'Y HQ MġBDRR@HQD Đ K@ BNLATRSHNM L G "@SDFNQHD (( $ 5NDCHMF F@R @QCF@R & & LA@Q ,(-(, +$ 6 1,3$ %&(%3$ J6 -.
DKDBSQNKTW @MVHIYHMFDM UNNQ CD HMRS@KK@SDTQ #D UNKFDMCD FDAQTHJR @@MVHIYHMFDM YHIM SNS DDM FDJV@KHEHBDDQC SDBGMHBTR FDQHBGS CHD CD HMRS@KK@SHD THSUNDQS YNC@S GHI CD HMRS@KK@SHD DM CD UDQAHMCHMFDM NO CD ITHRSD L@MHDQ J@M THSUNDQDM CD GTHCHFD VDSSDM DM MNQLDM HM @BGS MDLDMCD (DCDQD STRRDMJNLRS M@ @@MRKTHSHMF CHDMS SD VNQCDM THSFDUNDQC LDS @EFDJNOODKCD NE THS FDRBG@JDKCD RSQNNLSNDUNDQ #D HMRS@KK@SHD DM CD DKDJSQHRBGD @@MRKTHSHMF U@M GDS @OO@Q@@S LNDSDM CNNQ DDM DQJDMC U@JL@M FDADTQ
DKDBSQNKTW !DK@MFQHIJ .
DKDBSQNKTW .
DKDBSQNKTW $KDJSQHRBGD @@MRKTHSHMF 'DS JNNJOK@SD@T HR NMSVNQODM NL SD VDQKDM AHI 5 DDME@RHF #D @@MRKTHSHMF LNDS VNQCDM THSFDUNDQC BNMENQL CD UNNQV@@QCDM DM MNQLDM UNNQFDRBGQDUDM CNNQ CD FDKCDMCD VDSFDUHMF KUNQDMR @@M SD RKTHSDM LNDS T M@F@@M NE CD DKDJSQHRBGD UNDCHMF @EFDRSDLC HR NO GDS UDQAQTHJ U@M GDS JNNJOK@SD@T YHD GDS HCDMSHEHB@SHDOK@@SID CD ADRS@@MCD DKDJSQHRBGD SNDUNDQ UNNQYHDM HR U@M DDM @@QCHMF BNMENQL CD FDKCDMCD UNNQRBGQHESDM CD LDDQONKHFD RSDJJDQ NE CD FDAQ
DKDBSQNKTW (MANTV DM LNMS@FD 6X 6W 1 1 6X : @EA 894 2T RTCCDQAQ@MCDQ - MNQL@@KAQ@MCDQ 2S RSDQJAQ@MCDQ 6 VNJAQ@MCDQ 51 0 ELDMSHFDM HM LHKKHLDSDQR (MANTV HM DM ADUDRSHFHMF HM GDS VDQJAK@C #D JNNJOK@@S J@M FDLNMSDDQC VNQCDM HM DDM VDQJAK@C LDS THSRMHIL@SDM YN@KR @@MFDFDUDM HM EHFTTQ #D @ERS@MC U@M CD THSRMDCD SNS CD @BGSDQV@MC LNDS LHMRSDMR LL YHIM #D @ERS@MC STRRDM CD THSRMDCD DM DDM DUDMSTDKD QDBGSDQ NE KHMJDQ YHIV@MC CHD GNFDQ HR C@M CD JNNJOK@@S CHDMS LHMRSDMR LL S
DKDBSQNKTW #NNQ CD SQDJJQ@BGS Q@@JS CD RBGQNDE CD @ECHBGSHMF NUDQAKHIERDKDM JTMMDM DDMUNTCHF UDQVHICDQC VNQCDM #D Q@MC U@M CD JNNJOK@@S UNQLS DDM CTAADK K@AXQHMS CHBGSHMF VDKJD DDM F@Q@MSHD AHDCS SDFDM UNBGS @EA 27 27 DIGLFKWLQJ @EA
DKDBSQNKTW (MANTVLNFDKHIJGDCDM .
DKDBSQNKTW &@Q@MSHD RDQUHBD@ECDKHMF !DKFHĥ 6 1!.1&5..16 1#$.MYD SNDRSDKKDM VNQCDM LDS CD FQNNSRS LNFDKHIJD YNQFUTKCHFGDHC FDOQNCTBDDQC #DRNMC@MJR J@M GDS UNNQJNLDM C@S DQ DDM CDEDBS NOSQDDCS .MYD JK@MSDMCHDMRS Y@K CHS NO UDQYNDJ GDQRSDKKDM YNVDK AHMMDM @KR ATHSDM CD V@@QANQFSDQLHIM #D KDUDMRCTTQ U@M GDS SNDRSDK VNQCS C@@QCNNQ MHDS MDF@SHDE ADijMUKNDC .
DKDBSQNKTW 3NDRSDKKDM CHD FDL@JJDKHIJ JTMMDM VNQCDM UDQUNDQC CHDMDM SD VNQCDM NUDQG@M CHFC NE FDYNMCDM M@@Q NMYD JK@MSDMCHDMRS 'DQRSDKKHMF SDQ OK@@SRD J@M RKDBGSR VNQCDM FDUQ@@FC UNNQ FQNSD NE HMFDANTVCD SNDRSDKKDM (MCHDM GDS SNDRSDK YNC@MHF HR HMFDANTVC NMCDQFDANTVC NOFDG@MFDM NE FD OK@@SRS C@S CD ADMNCHFCD SHIC UNNQ GDS HM DM THSANTVDM R@LDM LDDQ C@M LHMTSDM ADCQ@@FS C@M VNQCDM CD GHDQCNNQ NMSRS@MD DWSQ@ JNRSDM @@M CD FD AQTHJDQ HM QDJDMHMF FDAQ@BGS 2BG@CD CHD NMSRS@@S CNNQ @AMNQL@KD HM
DKDBSQNKTW $TQNODRD &@Q@MSHD #HS @OO@Q@@S VNQCS CNNQ $KDBSQNKTW HM DKJ U@M CD @BGSDQ HM CDYD G@MCKDHCHMF FD MNDLCD K@MCDM FDCTQDMCD CD HM GDS AHI GDS @OO@Q@@S ADGNQDMCD F@Q@MSHDADVHIR FDMNDLCDA ODQHNCD NE @MCDQRYHMR AHI CD VDS FDF@Q@MCDDQC KR T U@M DDM U@M CDYD K@MCDM UDQGTHRS M@@Q DDM @MCDQ U@M CD GHDQNMCDQ FDMNDLCD K@MCDM UDQGTHRS CD F@Q@MSHD NO GDS @OO@Q@@S LDS T LDD #D UNKFDMCD ADODQJHMFDM YHIM GHDQNO U@M SNDO@R RHMF q #D F@Q@MSHD NO GDS @OO@Q@@S ADFHMS NO CD C@STL U@M DDQRSD @@MJNNO U@M GDS @
DKDBSQNKTW
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
DKDBSQNKTW "NMSDMSR %NQ SGD 4RDQ (LONQS@MS 2@EDSX (MENQL@SHNM #DRBQHOSHNM NE SGD @OOKH@MBD .
DKDBSQNKTW $MFKHRG (LONQS@MS R@EDSX HMENQL@SHNM 3GHR V@QMHMFR G@R ADDM FHUDM ENQ SGD R@EDSX NE XNT @MC NSGDQR 6D SGDQDENQD @RJ XNT SN B@QDETKKX QD@C SGD OQNBDCTQDR NE HMRS@KKHMF @MC TRHMF SGHR BNNJDQ (MRS@KK@SHNM 3GD VNQJ NE HMRS@KK@SHNM LTRS AD B@QQHDC NTS AX BNLODSDMS @MC PT@KHEHDC HMRS@KKDQR @BBNQCHMF SN SGD QDFTK@SHNMR HM ENQBD q MX LNCHEHB@SHNMR SN SGD CNLDRSHB DKDBSQHB@K L@HMR VGHBG L@X AD MDBDRR@QX ENQ SGD HMRS@KK@SHNM NE SGD @OOKH@MBD RGNTKC AD B@QQHDC NTS NMKX AX BNLODSDMS ODQRNMMDK
DKDBSQNKTW q q q q q q @OOKH@MBD ONNQ @HQ RTOOKX BNTKC B@TRD K@BJ NE NWXFDM $MRTQD SG@S SGD F@R RTOOKX BNLOKHDR VHSG SGD F@R SXOD RS@SDC NM SGD HCDMSHEHB@SHNM K@ADK OK@BDC MD@Q SGD F@R RTOOKX OHOD 3GHR @OOKH@MBD HR MNS BNMMDBSDC SN @ BNLATRSHNM OQNCTBSR DU@BT@SHNM CDUHBD (S LTRS AD HMRS@KKDC @MC BNMMDBSDC HM @BBNQC@MBD VHSG BTQQDMS HMRS@KK@SHNM QDFTK@SHNMR /@QSHBTK@Q @SSDMSHNM RG@KK AD FHUDM SN SGD QDKDU@MS QDPTHQDLDMSR QDF@QCHMF UDMSHK@SHNM 3GD TRD NE @ F@R BNNJHMF @OOKH
DKDBSQNKTW #DRBQHOSHNM NE SGD @OOKH@MBD TWHKH@QX ATQMDQ 2DLH Q@OHC ATQMDQ 1@OHC ATQMDQ 3QHOKD BQNVM ATQMDQ "NMSQNK JMNAR
DKDBSQNKTW .
DKDBSQNKTW 4RHMF SGD GNA BNQQDBSKX /Q@BSHB@K GHMSR 3GD ATQMDQR 3N DMRTQD L@WHLTL ATQMDQ DEEHBHDMBX XNT RGNTKC NMKX TRD ONSR @MC O@MR VHSG @ EK@S ANSSNL EHSSHMF SGD RHYD NE SGD ATQMDQ TRDC 3QHOKD "QNVM !TQMDQ CH@LDSDQ BL 1@OHC !TQMDQ CH@LDSDQ BL 2DLH Q@OHC !TQMDQ CH@LDSDQ BL TWHKH@QX !TQMDQ CH@LDSDQ BL q %NQ D@RHDQ KHFGSHMF OQNBDDC ADENQD OTSSHMF @ O@M NM SGD O@M RTOONQS q 4RD NMKX O@MR NQ ONSR VHSG EK@S ANSSNL q 3@JD B@QD VGDM EQXHMF ENNC HM GNS NHK NQ E@S @R SGD NUD
DKDBSQNKTW "KD@MHMF @MC ,@HMSDHM@MBD #HRBNMMDBS SGD @OOKH@MBD EQNL SGD DKDBSQHB@K RTOOKX ADENQD B@QQXHMF NTS @MX BKD@MHMF NQ L@MSDHM@MBD VNQJ 3GD GNA HR ADRS BKD@MDC VGHKRS HS HR RSHKK V@QL @R ROHKK@FD B@M AD QDLNUDC LNQD D@RHKX SG@M HE HS HR KDES SN BNNK 3GHR @OOKH@MBD B@MMNS AD BKD@MDC VHSG RSD@L NQ VHSG @ RSD@L BKD@MHMF L@BGHMD 3GD ATQMDQR z z z z 3GD ATQMDQ B@OR @MC BQNVMR B@M AD QDLNUDC ENQ BKD@MHMF 6@RG SGD ATQMDQR S@OR @MC BQNVMR TRHMF GNS RN@OX V@SDQ @MC QDLNUD L@QJR VHSG @ LHKC O@RSD
DKDBSQNKTW 'NAR VHSG B@RS HQNM O@M RTO ONQSR @ESDQ BKD@MHMF OK@BD SGD O@M RTOONQSR A@BJ NM SGDHQ ONRHSHNM (M NQCDQ SN B@QQX NTS SGHR NODQ@SHNM BNQQDBSKX OK@BD SGD BDMSQ@K O@M RTO ONQSR ADENQD SGD RHCD NMDR 3GD 'NA 3NO z z z 1DFTK@QKX VHOD NUDQ SGD GNA SNO TRHMF @ RNES BKNSG VDKK VQTMF NTS HM V@QL V@SDQ SN VGHBG @ KHSSKD V@RHMF TO KHPTHC G@R ADDM @CCDC UNHC SGD TRD NE SGD ENKKNVHMF GNTRDGNKC CDSDQFDMS @MC AKD@BGDR HLOQDFM@SDC O@CR TMRTHS@AKD ENQ MNM RSHBJ R@TBDO@MR RSDDK VNNK
DKDBSQNKTW 3DBGMHB@K C@S@ "TS NTS CHLDMRHNMR 'D@S (MOTS RDD BG@OSDQ f!THKCHMF (Mt 6HCSG #DOSG LL LL .UDQ@KK CHLDMRHNMR 6HCSG #DOSG LL LL !41-$1 -.1, + /.6$1 J6 1$#4"$# /.6$1 J6 1@OHC ATQMDQ -@STQ@K &@R J6 +/& J6 3QHOKD "QNVM ATQMDQ J6 2DLH Q@OHC ATQMDQ J6 TWHKH@QX ATQMDQ J6 $KDBSQHB RTOOKX 5 ] 'Y "@SDFNQX (( $ &@R RTOOKX & & LA@Q OOKH@MBD BK@RR -.1, + /.6$1 - 341 +/.
DKDBSQNKTW (MRS@KK@SHNM z z z z 3GD ENKKNVHMF HMRSQTBSHNMR @ANTS HMRS@KK@SHNM @MC L@HMSDM@MBD LTRS AD B@QQHDC NTS AX PT@KHEHDC ODQRNMMDK HM BNLOKH@MBD VHSG SGD QDFTK@SHNM HM ENQBD 3GD QDFTK@SHNM SN AD @OOKHDC ENQ SGHR SXOD NE HMRS@KK@SHNM HR -!- # ( Ū(MRS@KK@SHNMR ETMBSHNMHMF VHSG BNLATRSHAKD F@R KHFGSDQ SG@M @HQŪ 3GD RHCD V@KKR NE SGD TMHS HM VGHBG SGD GNA HR FNHMF SN AD HMRS@KKDC LTRS MNS DWBDDC SGD GDHFGS NE SGD VNQJHMF SNO UNHC HMRS@KKHMF SGD @OOKH@MBD HM SGD OQNWHLHSX NE
DKDBSQNKTW @OOKH@MBD DMRTQD SG@S SGD HMRS@KK@SHNM G@R SGD BNQQDBS UNKS@FD ENQ SGD @OOKH@MBD S ETKK B@O@BHSX SGD CQNO HM OQDRRTQD LTRS MNS DWBDDC 2TBG @ CQNO HM OQDRRTQD HR B@TRDC AX SGD ENKKNVHMF O@Q@LDSDQR L@WHLTL B@O@BHSX NE LDSDQ CH@LDSDQ @MC KDMFGS NE SGD STAD HM EQNMS @MC ADGHMC SGD LDSDQ RDBSHNM NE SQ@MRHS NE U@QHTNR STADR ONRHSHNMDC NM SGD BHQBTHS CH@LDSDQ NE DUDMST@K BNMMDBSHNMR 3N DMRTQD @ BNQQDBS NODQ@SHNM @ R@UHMF NE DMDQFX @MC SGD KNMF KHED NE SGD @OOKH@MBD SGD UNKS@FD OQDR
DKDBSQNKTW C@OS@SHNM SN CHEEDQDMS SXODR NE F@R (MIDBSNQR QDOK@BDLDMS ) q 1DLNUD SGD O@M RTOONQSR q 1DLNUD SGD ATQMDQeR B@OR @MC BQNVMR q 6HSG @ RNBJDS RO@MMDQ TMRBQDV @MC QDLNUD SGD HMIDBSNQR %HF @MC QDOK@BD SGDL VHSG SGD NMDR QDPTHQDC ENQ SGD SXOD NE F@R HM TRD q 1D@RRDLAKD SGD O@QSR ENKKNVHMF SGD R@LD OQNBDCTQD A@BJV@QCR q 1DOK@BD SGD Q@SHMF K@ADK OK@BDC MD@Q SGD F@R RTOOKX OHOD VHSG SGD QDKDU@MS NMD ENQ SGD MDV SXOD NE F@R RTOOKX 8NT B@M EHMC SGHR K@ADK HM SGD O@BJ@FD NE SGD HMIDBSNQ
DKDBSQNKTW $KDBSQHB@K "NMMDBSHNM 3GD @OOKH@MBD HR CDRHFMDC SN AD BNMMDBSDC SN 5 LNMNOG@RD DKDBSQHBHSX RTOOKX 3GD BNMMDBSHNM LTRS AD B@QQHDC NTS HM BNLOKH@MBD VHSG SGD K@VR @MC QDFTK@SHNMR HM ENQBD !DENQD SGD @OOKH@MBD HR BNMMDBSDC BGDBJ SG@S SGD L@HM ETRD @MC SGD CNLDRSHB HMRS@KK@SHNM B@M RTOONQS SGD KN@C RDD SGD Q@SHMF K@ADK BGDBJ SG@S SGD ONVDQ RTOOKX HR OQNODQKX D@QSGDC HM BNLOKH@MBD VHSG SGD BTQQDMS QTKDR BGDBJ SGD RNBJDS NQ SGD CNTAKD ONKD RVHSBG TRDC ENQ SGD DK
DKDBSQNKTW 1DLOK@BDLDMS NE SGD UNKS@FD B@AKD 3GD BNMMDBSHNM NE SGD UNKS@FD B@AKD SN SGD @OOKH@MBDeR SDQLHM@K AKNBJ HR NE SXOD ŭ8ŭ 3GHR LD@MR SG@S HSR QDOK@BDLDMS QDPTHQDR SGD RODBHEHB DPTHOLDMS NE @ SDBGMHBH@M (M SGHR B@RD NMKX B@AKD SXOD ' 5 5 % 3 LTRS AD TRDC 3GD B@AKD RDBSHNM LTRS AD RTHS@AKD SN SGD UNKS@FD @MC SGD VNQJHMF SDLODQ@STQD 3GD XDKKNV FQDDM D@QSG VHQD LTRS AD @OOQNWHL@SDKX BL KNMFDQ SG@M SGD OG@RD VHQDR %HF @ 7R RSHQ WKH WHUPLQDO EORFN DQG UHDFK WKH WHUP
DKDBSQNKTW !THKCHMF (M $ 5 65 65 $ 7& 894 TWHKH@QX ATQMDQ 21 2DLH Q@OHC ATQMDQ 1 1@OHC ATQMDQ 3" 3QHOKD "QNVM ATQMDQ 3GDRD GNAR B@M AD HMRDQSDC HM @ ATHKS HM JHSBGDM TMHS VGNRD CDOSG HR ADSVDDM @MC LL 3GD GNAR CHLDMRHNMR @QD RGNVM HM %HF 3GD DCFD NE SGD BTS NTS LTRS G@UD @ LHMHLTL CHRS@MBD EQNL SGD QD@Q V@KK NE LL (E SGDQD @QD RHCD V@KKR NQ RHCDR NE SGD ETQMHSTQD TMHS MD@Q SGD GNA SGD BTS NTS DCFDR LTRS G@UD @ LHMHLTL CHRS@MBD NE LL '@MFHMF ENQMHSTQD TMHSR
DKDBSQNKTW /K@BD SGD GNA HM SGD BTS NTS S@JHMF B@QD SG@S HS HR BDMSQDC %HW SGD GNA VHSG SGD QDKDU@MS EHWHMF BK@LOR RTOOKHDC VHSG SGD HMIDBSNQR JHS RDD CH@FQ@L 6GDM SGD RBQDVR G@UD ADDM SHFGSDMDC SGD DWBDRR RD@K B@M AD QDLNUDC 3GD DCFD NE SGD GNA ENQLR @ CNTAKD RD@K VGHBG OQDUDMSR SGD HMFQDRR NE KHPTHCR 27 27 %HF @ @ RD@K %HF
DKDBSQNKTW /NRRHAHKHSHDR ENQ HMRDQSHNM *HSBGDM TMHS VHSG CNNQ /QNODQ @QQ@MFDLDMSR LTRS AD S@JDM HM CDRHFMHMF SGD ENQMHSTQD TMHS HM NQCDQ SN @UNHC @MX BNMS@BS VHSG SGD ANSSNL NE SGD GNA VGHBG B@M AD GD@SDC VGDM HS HR NODQ@SDC 3GD QDBNLLDMCDC RNKTSHNM HR RGNVM HM %HF 3GD O@MDK EHSSDC TMCDQ SGD GNA RGNTKC AD D@RHKX QDLNU@AKD SN @KKNV @M D@RX @BBDRR HE @ SDBGMHB@K @RRHR S@MBD HMSDQUDMSHNM HR MDDCDC *HSBGDM TMHS VHSG NUDM 3GD GNA QDBDRR CHLDMRHNMR LTRS BNLOKX SGD HMCHB@SHNM FHUDM HM %HFR @MC @M
DKDBSQNKTW #DBK@Q@SHNM NE FT@Q@MSDD SDQLR .TQ @OOKH@MBDR @QD OQNCTBDC VHSG SGD FQD@SDRS NE B@QD 'NVDUDQ @ CDEDBS L@X RSHKK NBBTQ .
DKDBSQNKTW G@KE @M GNTQ SGD BNRSR SG@S QDRTKS SGDQDEQNL VHKK AD BG@QFDC ENQ "NMMDBSDC C@L@FD B@TRDC AX SGDRD QDLNU@K @MC QDOK@BDLDMS NODQ@SHNMR VHKK AD SGD QDRONMRHAHKHSX NE SGD TRDQ (E CTQHMF SGD FT@Q@MSDD ODQHNC QDO@HQHMF SGD R@LD CDEDBS QDOD@SDCKX HR MNS BNM BKTRHUD NQ HE SGD QDO@HQ BNRSR @QD BNMRHCDQDC CHROQNONQSHNM@SD HM @FQDDLDMS VHSG SGD BNMRTLDQ SGD CDEDBSHUD @OOKH@MBD L@X AD QDOK@BDC VHSG @MNSGDQ @OOKH@MBD NE SGD R@LD U@KTD (M SGHR DUDMS VD QDRDQUD SGD QHFGS SN @RJ ENQ @ E
DKDBSQNKTW $TQNOD@M FT@Q@MSDD 3GHR @OOKH@MBD HR FT@Q@MSDDC AX $KDBSQNKTW HM D@BG NE SGD BNTMSQHDR KHRSDC @S SGD A@BJ NE SGHR TRDQ L@MT@K ENQ SGD ODQHNC RODBHEHDC HM SGD @OOKH@MBD FT@Q@MSDD NQ NSGDQVHRD AX K@V (E XNT LNUD EQNL NMD NE SGDRD BNTMSQHDR SN @MNSGDQ NE SGD BNTMSQHDR KHRSDC ADKNV SGD @OOKH@MBD FT@Q@MSDD VHKK LNUD VHSG XNT RTAIDBS SN SGD ENKKNVHMF PT@KHEHB@SHNMR q 3GD @OOKH@MBD FT@Q@MSDD RS@QSR EQNL SGD C@SD XNT EHQRS OTQBG@RDC SGD @OOKH@MBD VGHBG VHKK AD DUHCDMBDC AX OQNCTBSHNM NE @ U@KHC O
DKDBSQNKTW
DKDBSQNKTW
VVV DKDBSQNKTW AD 1
