ontologa trinitaria

ontologa de la sustancia
el estar-en-s, la sustancia cerrada no es
primordialmente lo que permanece.

el hombre vive, experimenta y conoce tiene su fuente en el misterio del Dios

uno y trino
Ha descubierto que el amor es lo nico que permanece y por tanto sita en
el ncleo ontolgico de las cosas la categora del don de s, el movimiento y
la relacin, entendida como mucho ms que un accidente del ser

UNO

TRINO
Si la Trinidad inmanente se manifiesta
en la Trinidad econmica, la analoga
del ser tiene que ser analoga de la
Trinidad. La apertura de la Trinidad
inmanente en la economa tiene
como finalidad hacer que el ser
humano adquiera un ser-en- Cristo.

KY#
YBB&-6$"a*WVm#V"
=\CCrV#;VCVm*Y"Y#Pu\"?\U"CY"
l*CVWVl*Y>"28++("7/(_:$67/('2&$'&"
B-2&+-/&>"
U&:(/:-"&+"2('2$")(++r(22(/(A"'$'"
2$+$"3$::-"CrpVbVA"6-"&+",-.$":K("
NpYCPVWY"\W*;\"("'$'"'8++-A"("&'"
@8(++-"CpP\"*#"Pp*"YPPY=\"Vm#*"
#VW;UV"g\=\U\>"

F9"CrYba*;V"=\CCY"U*W?VW;Y!"CY"
U\CYq*V#\"=*"*#;\UWPYba*V";UY"
l*CVWVl*Y"\";\VCVm*Y>

J9"CY"?YUVCY"=*"=*V"*#"?YUVC\"pbY#\

l*CVWVl*Y"mU\PY!"b\=*pb"PV#"Pp*"
WV#V"W;Y;*"PV#P\?*;*"*"=Vmb*"
lV#=Yb\#;YC*A"-))&/&38/-"+r&'3(/$"6$)$")&"
(27/&6(/2&")(++-"+(.(/-38/-"7-3/&2O:-"3/-)&2:("
8'-"6$+3(7+&:&34")&":$//('O"2$.(//-'(("
0/(:K(>"
-':K("+-";\VCVm*Y"uY"W;*bVCY;V"

c9"WVU;\"=\CCY"?YUVCY"=*"=*V"#\CC\"
?YUVC\"pbY#\

-_9" 7/(_:$67/('2&$'(" )(+" 7('2&(/$" -':K("

/&27(.$" -" :$+8&" $" -" :&L" :K(" 7(/" )(T'&O$'(6" _*+")&<&'$"M"/-00&8'0&B&+("2$+$":$'"7-/$+("
3/-2)(')(" &+" 7('2&(/$" (" +(" 28(" :$')&%&$'&" 86-'(>" *'" @8(23-" 7-/$+-" +r86-'$" (" &+"
)&<&'$"'$'"7$22$'$"7&]"(22(/("2(7-/-O"("
2$./-(')$<&2&>
) & 2 O ' O !" : $ 6 (" 7 $ 3 /( 6 6 $" & ' ,- S"
B_9" 7/(_)&27$2&%&$'(" )(+" 7('2&(/$" <(/2$" 8'" =&$" '8$<-6('3("(27/&6(/("&+")&<&'$"["
_C-" 7-/$+-" :K(" 7/$:()(" )-" @8(++-" )&<&'-"
@8("/&<(+-"2("23(22$>
M"$'3$+$0&:-6'(3("7$23(/&$/("-++-"?-/$+-"
:_9" 7/(_$/)&'-%&$'(!" )&" 8'" =&$" :K(" /&<(+-" 2(" :K(" :/(-" +r8$6$" :$6(" (22(/(" 7-/+-'3(>"
23(22$"/&27(.$"-+"7('2&(/$A"
=*V"lV#Y"CY"?VWW*a*C*;x"W;\WWY"=\C"
C*#mpYmm*V>
(+(6('O"3/-2:(')('3-+&>
_C-" ?-/$+-")&" =&$"M")&"7(/"2M"&+" ?$3(/(")&"
,-"(22(/("+r-+3/$_)-_2M"A"&'"@8(+"6$6('3$"
*+" 7('2&(/$" 7('2-')$" @8(++$" :K(" +$" 3/-_" 2:(')(" -2286("+-",$6/-")(++r&67$3('%-!")&<('3-"
,-"2:(')(/("@8(++$"3/-2:(')('3("'(+"7('2&(/$A"$" , / - & ' 3 ( ' ) & B & + ( A" 6 - ' & 7 $ + - B & + ( A"
@8(++$"3/-2:(')('3("7(/:KZ"2:(')("'(+"7('2&(/$" 7/$,-'-B&+(>>>"2&"+-2:&-";VPPYU\>"b-"-++$"
M" 7('2-B&+([" " =*V" ?UV#p#P*Y" CY" ?UV?U*Y" 23(22$" 3(67$" -:@8&2&:(" @8-+:$2-" &'" 7&]>"
?YUVCY"57/&6(00&-9
=*g*\#\" U\YC;w" =\C" WpV" YC;UV_=Y_
Ws>
=&$" M" &)('O34" :$'" 2(" 2.(22$" '(+"
3 / - 2 : ( ' ) & 6 ( ' 3 $" ) &" 2 (" 2 3 ( 2 2 $ A"
'(+r-BB-')$'$")&"2("23(22$>
*'"3-+"6$)$"'(++-"U&<(+-%&$'("-++-"?-/$+-"
)&"=&$A"""

ontologa de la conciencia

X9"*C"=p?C*P\"Y?U*VU*"
=\CCY";\VCVm*Y

El principio de reordenacin de todo es el Uno

y nico Dios, su irrupcin en la historia, su
accin amorosa.
e. La reconciliacin obtenida por el misterio de
la cruz abate todas las barreras, de forma que
ya no hay judo ni gentil. Con su resurreccin,
ha hecho posible la realizacin de la unidad
en su persona. l, el primognito de entre los
muertos, es el que recapitula a la humanidad
entera. Por tanto, en Jesucristo, nico
mediador, se forma la nueva unidad del
gnero humano.

I9"=p\";*?*"=*"lV#Yb\#;YC*!"
;\VCVm*Y";UY=pP\#;\"\"
;\VCVm*Y";\W;*bV#*Y#;\

v9" *C" PV#;U*ap;V" W;VU*PV" =\CCY"

;\VCVm*Y"YCCrV#;VCVm*Y

=V??*V"bVg*b\#;V!
G>_"?YUVCY"=*"=*V"W*"
WV;;Vb\;;\"-++("
:$')&%&$'("
)(++r&'3(++(.$"
Y_?U*VU*"=\C"=*g*#V"
?\U"CrpbY#V
F>_"C-":$67/('2&$'(":K("
+r8$6$"K-")&"2("23(22$A"M"
)8'@8("7/(_2877$23$A"
7/(_6(22-A"?\U"7$/3-/("
-"=Y;*;w"+-"7-/$+-")&"
=*V>>>"5:$')&%&$'(")&"
?$22&B&+&34>"Cr8$6$"M"
&'3/&'2(:-6('3("
-77(/3$9
Y_?U*VU*"
=\CCrpbY#V""?\U"
=*g*#V"

ELLENIZZAZIONE DEL KERYGMA

1.- DIVERSO DELLA PAROLA

DELLA RIVELAZIONE
(formulato a partire da
modalit di ricerca e
comprensione umanamente,
sotricamente, fiosoficamente,
preesistenti (ST AQUINO)

O
KERYMATIZZAZIONE DEL PENSIERO
METAFISICO GRECO.
es: dottrina Trinitaria, cristologia,

!"#$%&'"#()#*)&#+,#
,)'",,&#
(",,-&.."/')01#(",#
2&34&5

Non si tratta della riduzione

della teologia ad uno dei due
a-priori, ma di un diverso
baricentro.

W*ba*VW*")(++$"27(:&T:-6('3("
:/&2O-'$":$'"+rV#;VCVm*YA"'$'"K-"
3/$<-3$"8'-"&67$23-%&$'("
0('8&'-6('3(":/&2O-'->"

670%&(89)&7"B

*+" 6$<&6('3$" :K(" 2&" -77$00&-" -0+&" ('O" )(+" 6$')$" '$'" M" 8'" 6$<&6('3$"
78/-6('3(" '-38/-+(H" (22$" 6(.(" &'" 0&$:K$" +1-S<&34" )(++$" 27&/&3$>" ?(/:&L"
+1&66()&-3(%%-" )(++1$00(.$" '$'" M" 8'1&66()&-3(%%-" -22$+83-A" 7$&:KZ" &+"
6$')$"/&:K&()(A"7(/":$')8//("-"=&$A"+1-S<&34")(++$"27&/&3$":K("'("7(/:(7&2:("
&+" 2('2$>" W&::$6Z" +$" 27&/&3$" M" )&R(/('3(" )-+" 6$')$A" -+:8'&" 7('2-3$/&" K-''$"
:(/:-3$" )&" ,$')-/(" 28++-" 28-" 27(:&T:&34" 8'-" )&6$23/-%&$'(" )&" =&$>" P&"
7/$7$'&-6$" )&" (2-6&'-/(" 3-+(" 3('3-O<$" :$'2&)(/-')$" +$" 27&/&3$" 5P>*9" :$6("
8'-"30%8;8%+#)("+,"A"("5P>"**9":$6("8'"+;&#)70",,";8+,">""YBB&-6$":$2^")8("
O7&")&"7/$<(!",+#$%&'+#$"%#,"#'"%)01#"0"%7"#(",+#$%&'+#$"%#),#.)8()9)&>

DC6-75&36"("+-"7&]"(<&)('3("M"@8(++-":K("2&")(286(")-+"
6$3$>" s" :(/3$" &',-S" (" :$'23-" )-&" 2('2&A" :K(" &'" @8(23$"
6$')$"-+:8'(":$2("2&"68$<$'$>"E

F5665#!+#$%&'+#J&7(+4"70+,"#(",,-"3)30"79+#()#
*)&#3"2&7(&#3+7#@&44+3&5

EF)-.A->6G!-4#AA6-"#/#56C&!/#-#-4#AA6-=!552C&!/#--:=!/@/"#/C69-4#AA#-8!8'6/C#)

H- I6-'#5C6-%&6"M"7/(2-")-+"7$22&B&+("h$":$'O'0('3(i"(")-+"'(:(22-/&$A"()"

M"@8(23->";/-"+(":$2("'$&"3/$<&-6$")&"@8(++(":K("7$22$'$"(22(/("("'$'"
(22(/(H" &',-S" -+:8'(" :$2(" '-2:$'$" (" T'&2:$'$A" &+" :K(" <8$+(" )&/(" :K("
7$22$'$"(22(/("(3"'$'"(22(/(>"E
Ff>" C-" '(:(22&34" )&" 27&(0-/(" +-" <('83-" -++1(2&23('%-" )&" @8(2O" (22(/&" :$'O'0('O" A(" '(:(22-/&-"
-R(/6-%&$'(")18'"(22(/("'(:(22-/&$>

Jf>" *67$22&B&+&34" )&" 8'" /(0/(22$" &'T'&3$" (" -R(/6-%&$'(" '(:(22-/&-" )(+" 7/&6$"
6$3/(>
D" V/-"

'$'" 2&" 78L" &'" 3-+" 6$)$" 7/$:()(/(" -++1&'T'&3$A"

7(/:KZ" -+3/&6('O" '$'" <&" 2-/(BB(" 8'" 7/&6$" 6$3$/(A" ("
&'" :$'2(08('%-" '(228'" -+3/$" 6$3$/(y" =8'@8(" M"
'(:(22-/&$" -//&<-/(" -)" 8'" 7/&6$" 6$3$/(" :K(" '$'" 2&-"
6$22$" )-" -+3/&H" (" 38S" /&:$'$2:$'$" :K(" (22$" M"
=&$>"E"5*)+)"*fA"@>FA"-J9>

Dz/-A"M"&67$22&B&+(":K("38.("+(":$2(")&"3-+"'-38/-"2&-'$"2(67/("23-3(A"7(/:KM":&L"
:K("78L"'$'"(22(/(A"8'"3(67$"'$'"(2&3(<->"W(")8'@8("38.("+(":$2("h(2&23('OA"&'"
'-38/-"2$'$"3-+&":K(i7$22$'$"'$'"(2&23(/(A"&'"8'")-3$"6$6('3$"'&('3(":&",8"'(++-"
/(-+34>"b-"2("@8(23$"M"<(/$A"-':K("$/-"'$'"(2&3(/(BB("'&('3(A"7(/:KZ":&L":K("'$'"
(2&23(A"'$'":$6&':&-"-)"(2&23(/("2("'$'"7(/"@8-+:K(":$2-":K("M>"=8'@8(A"2("'$'"
:1(/-"('3("-+:8'$A"M"&67$22&B&+(":K("@8-+:K(":$2-":$6&':&-22("-)"(2&3(/(A"(":$2^"$/-"
'$'":&"2-/(BB("'&('3(A"&+":K("M"(<&)(6('3(",-+2$>=8'@8("'$'"38S"0+&"(22(/&"2$'$"
:$'O'0('OA"6-"B&2$'0'-":K("'(++-"/(-+34"<&"2&-"@8-+:K(":$2-")&"'(::(22-/&$>"E>

!+#R8+%0+#')+B#,-+%.&4"70&#
$"%#)#.%+()5

Jf>"?-22-00&$")-+"'(:(22-/&$"/(+-O<$"-"8'"'(:(22-/&$"-22$+83$>"

DV/-A"38.$":&L":K("M"'(:(22-/&$A"$"K-"+-":-82-")(++-"28-"'(:(22&34"&'"8'"

!+#R8)70+#')+B#!+#$%&'+#$"%#,+#
_7+,)015

EF)-J!/8'6'6C&!/#M-AD#8&8'#/C6-4#&-"564&-/#AAD#88#5#-#-/#"A&-#/@)

H- I6-;265'6-%&6"2&"7/(')(")-&"0/-)&":K("2&"/&2:$'3/-'$"'(++(":$2(>"s"8'"

,-.$" :K(" '(++(" :$2(" 2&" 3/$<-" &+" B('(A" &+" <(/$A" &+" '$B&+(" (" -+3/(" 2&6&+&"
7(/,(%&$'&"&'"8'"0/-)$"6-00&$/("$"6&'$/(>"E

EF)-ID#8&8'#/C6-4#AAD!54&/#-:5#"!A65&'(9-N46-765'#-4#"A&-#/@-75&%&-4D&/'#AA&"#/C6O)

H- I6-;2&/'6-%&6"2&")(286(")-+" "0$<(/'$")(++(":$2(>"#$&"<()&-6$":K("

Ff>"p'"7/$:(22$")&":$//(+-%&$'("53/-2:(')-'3-+(!":$')&%&$'&")&"7$22&B&+&349>

D" b-" &+" 0/-)$" 6-00&$/(" $" 6&'$/(" 2&" -./&B8&2:$'$" -++(" )&<(/2(" :$2("

2(:$')$":K("2&"-::$23-'$")&"7&]"$")&"6('$"-)"-+:8':KM")&"2$66$"("
)&" -22$+83$H" :$2^" 7&]" :-+)$" M" :&L" :K(" 6-00&$/6('3(" 2&" -::$23-" -+"
2$66-6('3(" :-+)$>" g&" M" )8'@8(" 8'" @8-+:K(" :$2-" :K(" M" <(/$" -+"
2$66$A"$S6$"("'$B&+&22&6$A"(")&":$'2(08('%-"@8-+:K(":$2-":K("M"&+"
287/(6$" ('3(H" 7(/:KMA" :$6(" )&:(" Y/&23$3(+(A" :&L" :K(" M" 6-22&6$" &'"
@8-'3$"<(/$A"M"3-+("-':K("&'"@8-'3$"('3(>"E
Jf>"p'"/-0&$'-6('3$")&":-82-+&34"5(2(67+-/("(A"7$&A"(Q:&('3(9>
D"V/-A" :&L" :K(" M" 6-22&6$" &'" 8'" )-3$" 0('(/(A"

M" :-82-" )&" 38S" 0+&"

-77-/3('('O" -" @8(+" 0('(/(A" :$6(" &+" ,8$:$A" :-+)$" -+" 6-22&6$A" M"
:-0&$'(")&"$0'&":-+$/(A":$6(")&:("&+"6()(2&6$"Y/&23$3(+(>"=8'@8("<&"
M"@8-+:K(":$2-":K("7(/"38S"0+&"('O"M":-82-")(++1(22(/(A")(++-"B$'34"("
)&"@8-+2&-2&"7(/,(%&$'(>"\"@8(23$":K&6&-6$"=&$>"E"5*)+)"*A"@>"FA"->"J9>"

-+3/$" (22(/(" $778/(" '$>" =1-+3/-" 7-/3(A" '(0+&" ('O" '(:(22-/&" :K(" K-''$"
-+3/$<("+-":-82-")(++-"+$/$"'(:(22&34A"'$'"2&"78L"7/$:()(/("-++1&'T'&3$A"
:$6(" '(778/(" '(++(" :-82(" (Q:&('O" 2(:$')$" :K(" 2&" M" )&6$23/-3$>"
=8'@8("B&2$0'-":$':+8)(/("-++1(2&23('%-")&"8'"(22(/(":K("2&-")&"7(/"2M"
'(:(22-/&$A"("'$'"3/-00-")-"-+3/&"+-"7/$7/&-"'(:(22&34A"6-"2&-":-82-")&"
'(:(22&34"-0+&"-+3/&>"E"5*)+)A"*fA"@>"FA"->"JH":,>"J)K)-.,-EL9)

-+:8'(" :$2(A" +(" @8-+&" 2$'$" 7/&<(" )&" :$'$2:('%-A" :&$M" &" :$/7&" T2&:&A"
$7(/-'$" 7(/" 8'" T'(A" :$6(" -7-/&2:(" )-+" ,-.$" :K(" (22(" $7(/-'$"
2(67/(" $" @8-2&" 2(67/(" -++$" 23(22$" 6$)$" 7(/" :$'2(08&/(" +-"
7(/,(%&$'(!" )$')(" -77-/(" :K(" '$'" -" :-2$A" 6-" 7(/" 8'-"
7/()&27$2&%&$'("/-00&8'0$'$"&+"+$/$"T'(>"E
Ff>"P$')&%&$'(")(++1$/)&'(!":$'$2:('%-")(+"T'(>

D" V/-A":&L":K("M"7/&<$")1&'3(++&0('%-"'$'"3(')("-+"T'("2("'$'"7(/:KM"

M" )&/(.$" )-" 8'" (22(/(" :$':$2:&O<$" (" &'3(++&0('3(A" :$6(" +-" ,/(::&-"
)-++1-/:&(/(>"E
Jf>"P$':+82&$'(!"\2&23('%-")&"8'"(22(/("&'3(++&0('3("$/)&'-3$/(>

D" g&"M")8'@8("8'"@8-+:K("(22(/("&'3(++&0('3(A")-+"@8-+("38.("+(":$2("

'-38/-+&" 2$'$" $/)&'-3(" 4" 8'" T'(!" (" @8(231(22(/(" :K&-6&-6$"

=&$>"E"5*)+)"*A"@>"FA"->"J9>

+5#6,#'+,&%"#(",,"#')"5
C2&$&B#*+"<-+$/("T+$2$T:$")(++("
7/$<(>
@%"#0"3)!"

*+"7('2&(/$")(&":$66('3-3$/&>

*+":-/-.(/("&':$67+(3$")(++(":&'@8("<&(!"
78'3$")&"7-/3('%-!")(3(/6&'-%&$'&"
7-/O:$+-/&H"7(/:&$"/-00&8'0&6('3$!"
-+:8'&"-./&B8O"-.-:-O"-"=&$>
C-"7/$<-",$')-6('3-+(!"78'3$")&"
7-/3('%-!"+1(22(/("8'&<(/2-+("5B#7!'#/@6":>***A"->X9>"?/$B+(6-":$''(22$!"
:$'$2:('%-")&"=&$>
*'3(/<('3$")(++1-S<&34")(++$"27&/&3$"
'(++-"7/$<-":$26$+$0&:->"?-22-00&$"-++-"
/&j(22&<&34>

<"%2&%3&B#(8"#0+$$"#&#(8"#3"9)&7)5

C("7/$<(")&"=&$"-+"+&<(++$")(++1$00(S<&34")(+"
:$26$"53(2&"G"("F9>
C("7/$<(")&"=&$"-+"+&<(++$")(++1$00(S<&34"
)(++$"27&/&3$"53(2&"J9>

l-/-0$>"C("<&("2$'$"+("8'&:K("7$22&B&+(>
m-//&0$8_C-0/-'0(>"C(":&'@8("<&("2$'$":&'@8("O7&"
)&"-/0$6('O>
W(/O++-'0(2!"/&2(/<("-"7/$7$2&3$")(++-"75&36-%&6>
=(2:$@2!"/&2(/<("7(/"+-";265'6-%&6"(":$'"(2&3-%&$'("
7(/"+-";2&/'6)
g-'"W3(('B(/0K('!":-/-.(/("&':$67+(.$")(++("<&(A"
('3/-3-"'(++-"6-3(/&->
=8'2"W:$."2$++(<-"8'-")&R$:$+34")&",$')$!"&+"78'3$"
)&"7-/3('%-!"+-"T2&:->
n-'3!"8'&:$"78'3$")&"7-/3('%-"-::(.-B&+("!"
(27(/&('%-"&'"0('(/-+(A"'$'"&'"7-/O:$+-/(>

F>"""*+"7('2&(/$")&"2-'";$66-2$>

C-"'$'"&67$/3-'%-")(+"'86(/$>
*+":-/-.(/("&':$67+(3$
C-",$/68+-"!"1!=-4&=&328-B#23"-77-/("-':K("&'"B#87&5&' 26A&<28- =5# 6' 25&8- 5->" X9" -" 7/$7$2&3 $"
)(++1*'3(++&0('%-")&"Y'-22-0$/->
P-o(3-'$!" +1&')(3(/6&'-%&$'(" )(++(" :$':+82&$'&" (A"
)8'@8(A"7/$<("7#5-6==&4#/8)
W>" ;$66-2$!"7/$<-")(:&2&<-"_"B#-7!'#/@6-***A"->"X!"
78'3$" )&" 7-/3('%-" <-+&)$!" AD#88#5#" 2/&%#586A#>" C("
:&'@8(" <&(" 7-/3$'$" )-" 8'" ,('$6('$" 7-/O:$+-/("
)(++1(2&23('%->"W$'$")8'@8("%&#A"6775!=&>

# # W(:$')$" W>" ;$66-2$A" +-" 7/$<-" <(/-6('3(" :$':+8)('3(" )(<(" :$++$:-/2&" -+" 7&-'$" 6(3-T2&:$>" F"
P$67&O!"("0"%4)7+%"#),#$)+7&#4"0+_3)2&#"#"3$&%%"#,+#$%&'+5###
6,#4&')4"70&#()+,"/2&B#
W:$7$!"&')&:-/("+("3-77(")&-+(S:K(")(++-"7/$<-",$')-6('3-+(>
W('2$!"&+"D"7-22-00&$"E")-"8'"7&-'$")1&'3(++&0&B&+&34"-)"8'"-+3/$A"&67+&:-')$":$'O'8&34"(")&2:$'O'8&34>"
;(23$"&'3/$)8S<$!"+-")&R(/('%-",/-")8("2:&('%(!"'$'"3-'3$"+1$00(.$"6-3(/&-+("@8-'3$"+1$00(.$",$/6-+("56()&:$A"-23/$+$0$A"&'"B#7!'#/@6,-*A"->"c9>

K5K5#!)'",,)#()#3$)".+9)&7"B
;/("+&<(++&")&"27&(0-%&$'(":$//&27$')('O"-"3/("3-77(")(++-"23$/&-")(++-"T+$2$T-"("2(08(')$"+1$/)&'("
)(++-":$'$2:('%-"5B#-7!'#/@6"***A"->"X9>
C-"7/&6-"3-77-!"&'"@8(2O$'("+(",$/6("-::&)('3-+&"`",$/6("2$23('%&-+("52$23-'%-9>
C-"2(:$')-"3-77-!"&'"@8(2O$'("+-")&<(/2&34")(++("2$23-'%("`":-82("(Q:&('O>
C-"3(/%-"3-77-!"&'"@8(2O$'("+1(22(/("8'&<(/2-+("5(22(/("&'"@8-'3$"(22(/(9"`":-82-"8'&<(/2-+(")&"38S"0+&"('O>"5!+#R8"3:&7"#()#*)&#3)#
$&7"#38#R8"30&#0"%9&#$)+7&U#)7#28)#S#)7#R8"3:&7"#,-"3)30"79+#(".,)#"33"%)9>

?(/" 7-22-/(" )-" 8'" 7&-'$" -++1-+3/$" 2&" )(<(" 7$//(" 8'-" -+3/-" @8(2O$'(" 5:$'O'8&34" (" )&2:$'O'8&34>"
?(/:&LA"+-"'$%&$'(")&":-82-"M"-'-+$0-H"2&")(<("2-7(/("28"@8-+("+&<(++$"2O-6$9>"

6,#4&')4"70&#()+,"/2&>

F5#65B#!+#$%&'+#$"%#
,"#'"%)01#"0"%7"5

F56665##!&#32&$&#(",,+#()4&30%+9)&7"#
0&4)30+5

?5L#C+70-?.&3:7&5

:$++$:-/("+-")&6$23/-%&$'("'(+"28$"

C2&$&!"6(.(/("&'"+8:("&+"7/$0(.$")&"2-'";$66-2$"'(+"28$"2,$/%$")&"7/$<-/("+1(2&23('%-")&"=&$>"?(/"@8(23$A"
:$'3(23$")(+"7/$B+(6-")(++-":$'$2:('%-")&"=&$>

K5L#F&7&32"79+#)7)9)+,"#"#()4&30%+9)&7"5

C-")&6$23/-%&$'(":$66&':&-":$'"+-"/(-+34"(67&/&:-A"6-"@8(23$"&'&%&$"&67+&:-"8'-"D":$'$2:('%-"0('(/-+("(":$',82-")(++1(2&23('%-")&"=&$"E"5*)+),-*A"@>"FA"->"G"-)"G"86H"./0!#'1&23-4#-+5&/&'6'#A"@>"IA"->"J9":K("-<<&-"+-")&6$23/-%&$'(>"?(/:&L"+$"2:$7$")(++-")&6$23/-%&$'(!"6-'&,(23-/(":K&-/-6('3(":&L":K("M"'-2:$3$"-+":8$/(")&"$0'&"7/$:(22$"
)(++-":$2:&('%-"(")&"38.-"+-"/(-+34")(+"6$')$H"7(/:$//(/(A"-+":8$/(")(++-"/(-+34"(67&/&:-"23(22-" *+":-66&'$":K(":$')8:(")-++-":$'$2:('%-"$2:8/-"-++-":$'$2:('%-"<(/-"
)(++-" 3/-2:(')('%-" )&<&'->" N8&')&!"+-" )&6$23/-%&$'(" 3$6&23-" &67+&:-" '(::(22-/&-6('3(" '(++-" 28-" '-38/-"+-" /(+-%&$'(" )(0+&" ('O" -" =&$>" P$67&3$!"(2-6&'-/(" +-" '-38/-")&"
@8(23-"/(+-%&$'("7(/":-7&/("&+"O7$")&"/-77$/3$"(2&23('3(",/-"+16-75&!5&"("+16-7!8'#5&!5&"'(++-")&6$23/-%&$'("3$6&23->

M5#*)N2&,01#()#87+#$%&'+#!"#$%&'()$()*

=&Q:$+34" )&",$')$!"&67$22&B&+&34" )&")&6$23/-/(" =&$"-" 7-/O/(" )-0+&" 28$&" (R(S>"D";/-" &+" T'&3$"("+1&'T'&3$"'$'"<&"M"7/$7$/%&$'("E"5*)+),-@>"FA"->" FA"$B>"J"9)- #(0-%&$'(" )(++-"
/(+-%&$'(>"
U&27$23-!")-0+&"(R(S"'$'"7/$7$/%&$'-OA"7$22&B&+&34")&")&6$23/-/("+1(2&23('%-")(++-":-82-A"6-"&67$22&B+&34")&"-<(/("7(/"6(%%$")&"(22&"8'-":$'$2:('%-"7(/,(.-")(++-"28-"
(22('%-"5*)+)A"*A"@>"FA"->"FA"-)"J"869>
VB&(%&$'(!"+1(22('%-")(+"2$00(.$")(<("2(/<&/(")-"3(/6&'("6()&$"5)-"6()&-%&$'(9"&'"8'"2&++$0&26$"7(/"+-":$'$2:('%-")(++1(2&23('%-")&"@8(23$"2$00(.$>"W("+1(22('%-")&"
=&$":&"M"2:$'$2:&83-A"'$'"-BB&-6$"'(228'$"D"6(%%$"E"-':$/-"7(/"2<&+877-/("8'-"<(/-")&6$23/-%&$'(")&"=&$":*)+>A"*A"@>"FA"->"FA"$B>"F9>
U&27$23-!"7(/")&6$23/-/("8'-":-82-"6()&-'3("+1(R(.$A"B-23-"2(/<&/2&")-++1(R(.$"&>(")-+"D"/!3#/-5#&"E"5*)+)A"*>A"@>"FA"->"FA"-)"F"86H"./-0!#'1&23-4#-+5&/&'6'#A"@>"FA"->"FA"-)"X"
869>" Y++1&'&%&$A"7/(22('O6('3$":$',82$")(++-"7/(2('%-")(++-":-82-"'(++1(R(.$>"YR(/6-%&$'(")(++-"/(+-%&$'(>"C-":-82-"M"7(/:&7&3-"'(++1(R(.$"'$'"3-+(":K("(22-"M"&'"2Z"
6-"3-+(":K("+1(R(.$"+-"2800(/&2:("&'"8'-"6&28/-"/(+-O<->"D"@8#7&7#4)#2"%2O"%"3:#3"#7&7#4)#+'"33)#0%&'+0&#E>""*+"D"/!3#/-5#&"E""&'&%&-+("M"B('("&+"D";2!4-;2&4-#8'"EA"6-"+$"
M"&'"8'-"6-'&(/-":$',82->"C-"7/$<-":$67$/3-"8'"6-75&!5&"("8'"6-7!8'#5&!5&)

##K5M5!+#."%+%2O)+#(",,"#2+83+,)015
`#*'3/$)8%&$'(!"Y/&23$3(+("("2-'";$66-2$")&2O'08$'$"@8-./$"O7&")&":-82-!"6-3(/&-+("_
,$/6-+(A"(Q:&('3("_"T'-+(>"\22("2&":$67+(3-'$H"+-"7/&6-":$77&-"(27/&6("+1&'3(/&$/&34"
)(++1&')&<&)8$A"+-"2(:$')-"+-"28-"(23(/&$/&34>"!+#()+,,"/2+#(",,"#()'"%3"#2+83"#3)#+$$&..)+#+,#
0"%9&#:$&#()#2+83+B#,-"N2)"79+5#;/-S-6$"@8&")(++-"0(/-/:K&-")(++(":-82("(Q:&('O>"
d";/("+&<(++&")&":-82-+&34"(Q:&('3(!
=8(":-82(")-")&2O'08(/("7(/"8'-"'-38/-"$",$/6-"@8-+2&-2&"5"B#-82<8'6/@&8-8#7656@8A"e9!

Ka5#!+#2+83+#()#R8"30+#7+08%+#&#J&%4+#)7#R8"30&#)7()')(8&!"+-":-82-+&34")(++1&')&<&)8$"3/-26(S3$/(>
Ma5#!+#2+83+#3"4$,)2"4"70"#()#R8"30+#7+08%+#&#J&%4+!"+-":-82-+&34")(++-"27(:&("5+-":-82-")&"@8(23-"'-38/-"&'"38S"0+&"
&')&<&)8&":K("+-"7$22&()$'$9>
Pa5#!+#2+83+#(",,-"33"%"#87)'"%3+,"#X()3:70+#(",,+#2+83+#(",,+#J&%4+YB#+-":-82-"8'&<(/2-+(")(++1(22(/(A"(":&$M"=&$"5B#82<8'6/@&8-8#7656@8A"eH"B#-7!'#/@6A"***A"->"G9>"!+#R8"3:&7"#()#*)&#3)#2&,,&2+#+#R8"30&#$)+7&#(",,-"N2)"79+5

d"*"6$6('O"(22('%&-+&")(++-")&-+(S:-"5)(++-"0(/-/:K&-9>

C-"287(/&$/&34")(++-":-82-"-++1(R(.$"5+(0-6(",/-":-82-+&34"("8'&<(/2-+&34A":-82-+&34"7(/"7-/3(:&7-%&$'(9>
Y77+&:-')$"@8(23$"7/&':&7&$!"+-":-82-")(++1(22(/("8'&<(/2-+("'$'"M"87"(22(/(A"M"-+)&+4")(0+&"('OA"M"D"+1(2&23('%-"&'"2Z"E"$"
D"+1(2&23('%-"78/-"E>

!+#$%&'+#J&7(+4"70+,"5

*+"3(23$"5J)K),-**A"tc9!":/&O:-")(+"-/0$6('3$"7+-3$'&:$"7(/"+1&66$/3-+&34")(++1-'&6-"
5+1-'&6-"M"(3(/'-"7(/:KZ":$'$2:("+(":$2("(3(/'("<2"+1(3(/'&34")(++-"<(/&34"/&08-/)-"
+1(3(/'&34" )(++-" :$2-" :$'$2:&83-" (" '$'" )(++1&'3(++&0'('%-" :K(" +-" :$'$2:(9>"
;/-2,$/6-%&$'(")(++1-/0$6('3$"&'"8'-"7/$<-")&"=&$"&'"@8-'3$"(3(/'$"(")8'@8("&'"
@8-'3$",$')-6('3$")(++("'$23/("<(/&34"5:$'$2:&83(9>
*+"2('2$")(+"3(23$>
*67$22&B&+&34" )&" :$':+8)(/(" -++1(3(/'&34" )(++1-'&6-" -" 7-/O/(" )(++1-'-+&2&"
)(++1(27(/&('%-" &'3(++(.8-+(!" $0'&" :$':(.$" :$'O('(" &'" 2Z" 8'" /&,(/&6('3$" -+"
2('2&B&+(" 5<2" +-" /&)8%&$'(" 7+-3$'&:-9>" *+" 7('2&(/$" 86-'$" K-" )8(" -27(S!" +1-27(.$"
)(++1&6683-B&+("("@8(++$")(+":$':/(3$"683-B&+(>
?-/3(')$" )-" @8(23-" D"-'O'$6&-"E" )(++-" :$'$2:('%-" 86-'-A" 2-'" ;$66-2$"
,$/68+-" 8'-" )&6$23/-%&$'(" )(++1(2&23('%-" )&" =&$>" C1(3(/'&34" )(+" <(/$" '$'" 78L"
7/$<('&/(")-++$"27&/&3$"86-'$":K("M"683-B&+("5:-6B&-"&"28$&"$00(S9A"6-"2&",$')-"
28"8'"(22(/("(3(/'$A"28"=&$>

Q5#A3)30"79+#+33&,80+#"#%+$$%"3"70+9)&7"B#,+#7".+9)&7"5#

?/(:&2&$'("8+3(/&$/(!"+-"6(3-T2&:-"3$6&23-"'$'"M"2$+$"8'-"6(3-T2&:-")(++1(2&23('%-"56/-8&'9,-(22-"M"-':K("8'-"6(3-T2&:-")(++1(22('%-"5;2&4-#8'9)-!+#R8"3:&7"#()#
*)&#7&7#S#3&,0+70&#(-+T"%4+%"#2O"#A.,)#"3)30"U#"33+#S#+72&%+#()#()%"#2O"#2&3+##A.,)#S5
*")8("-27(S!"(2&23('%-"("(22('%-A"2$'$"8'&O")-"8'"+(0-6("&')&22$+8B&+(>"#$'":1M"8'"7-22-00&$")-+":$':(.$"-++1(2&23('%-A"+1(2&23('%-"M":$'0&8'3-"-+":$':(.$H"&'"
(R(SA" 7(/" 2-'" ;$66-2$A" -<(/(" )&" @8-+:$2-" 8'-" :$'$2:('%-" :$',82-" M" '(:(22-/&-6('3(" -':K(" -R(/6-/(" 5:$',82-6('3(9" +-" 28-" (2&23('%->" P$2^A" '(++-"
(27(/&('%-"6(3-T2&:-"+-"7&]"7$<(/-""_"@8(23-"7(/:(%&$'("<-0-"&'&%&-+("`"(22('%-"("(2&23('%-"2$'$"8'&3("&'2&(6(>
C-"7/$<-":-6B&-")&"2('2$!"7&7#3)#0%+;+#0+70&#()#$%&'+%"#87+#"3)30"79+#.)1#2&7&32)80+U#R8+70&#()#$+33+%"#(+#87+#2&7&32"79+#2&7J83+#+#87+#2&7&32"79+#2O)+%+#
()#*)&5##F)V#2O"#)7#R8"3:&7"#7&7#S#,-+T"%4+9)&7"#(",,-"3)30"79+#()#*)&U#4+#),#,$-$"()#R8"30+#+T"%4+9)&7"5"Y+"3(/6&'(")(++-")&6$23/-%&$'(A"2-'";$66-2$"
-//&<-"-++-":(/3(%%-":K&-/-":K("),#4&(&#()#+T"%4+%"#,-"3)30"79+#()#*)&#S#,+#7".+9)&7"#()#&.7)#%+$$%"3"70+9)&7"5#*)&#S#)%%+$$%"3"70+W),"5#!+#7".+9)&7"#()#&.7)#
%+$$%"3"70+9)&7"#2%"+0+#S#,-+;&#%+()2+,"#2O"#2&3:08)32"##X+;%+'"%3+Y#,+#7&30%+#2&7&32"79+#()#*)&5#!+#7".+9)&7"#S#2&3:08/'+#(",,-+;&#3"2&7(&#),#R8+,"#,&#
3$)%)0&#84+7&#+T"%4+#,-"3)30"79+#()# *)&5#!+#7".+9)&7"#7&7#S# 87#4&(&#J%+#.,)#+,0%)#(",,+#2&7&32"79+#()# *)&U#"33+#S# ),#4&(&#J&7(+4"70+,"U#),#J&7(&#(",,+#
7&30%+#2&7&32"79+#84+7+#(",,-?33&,80&5

F5#F&72,83)&7"#$%&'')3&%)+5

*+"6$')$"&67+&:-3$"'(+"6$<&6('3$")(++-":$'$2:('%-")&"=&$"M"-+":$'3(67$"6$')$"
'-38/-+("("6$')$"27&/&38-+(>
N8(23$" 6$')$" &'3(/&$/(" M" 8'" 6$')$" )&" 7('2&(/&" 5+1&'3('%&-'-+&34" )(++$" 27&/&3$!"
7('2-/("M"-<(/(")(&"7('2&(/&9>
C-"7/$<-":$26$+$0&:-"("+-"7/$<-"7(/"+("<(/&34"2877$'0$'$"-6B()8("+1-S<&34")(++$"
27&/&3$>
?(/:&LA" +$" 27&/&3$" 78L" 7/(')(/(" +-" 28-" 7/$7/&-" -S<&34" :$6(" $00(.$" )(++-" 28-"
/&j(22&$'("(":$6("78'3$")&"7-/3('%-"7(/"+-")&6$23/-%&$'(")(++1(2&23('%-")&"=&$>

Z5#H".+9)&7"#"#%+$$%"3"70+9)&7"5#

M5#A3$&3)9)&7"5
d"*'3/$)8%&$'(>"=8("7/$27(S<(!"@8(++-")(++18'&<(/2-+&34"("@8(++-")(++-":$'O'0('%->
d"C-"7/$27(S<-")(++18'&<(/2-+&34"5B#-7!'#/@6A"***A"->"X9!
?8'3$")&"7-/3('%-!"&+"7&-'$")(++1(22(/("`":-82-")(++1(22(/("&'"38S"0+&"('O>
*+"/-0&$'-6('3$"82-")8("7/&':&7&!
f"*+"7/&':&7&$")(++-"7/$7$/%&$'-+&34"3/-"+1(R(.$"("+-":-82-A
f"*+"7/&':&7&$")&"7-/3(:&7-%&$'(>

^5#6,#3"73&#(",#()32&%3&#0&4)30+5#

s"+1-R(/6-%&$'("5&+"0&8)&%&$9":K("M"+1(+(6('3$"D",$/6-+("EA"$"-':$/-"7&]"(2-.-6('3(A"+1(+(6('3$"D"-.8-+("E"("D"-.8-+&%%-'3("E")(++("/-77/(2('3-O$'&>"C1-.$"
)&"0&8)&:-/(",4"+-"<(/&34")(++("/-77/(2('3-%&$'&"-++("@8-+("(22$"2&"-77$00&->"l-/("8'1-R(/6-%&$'("M"7$//(")(++("/-77/('2('3-%&$'&"'(++1(22(/(>

J>"C1-R(/6-%&$'("("+1(22(/(>"

;(2&"!" D"I6-%#5&'(-=!/=#5/#-AD#88#5#-4#AA6-=!86"E"5..- *#/'),- :>" FA"@>" XA"->" GA"-)" v"869>" ?(/" :-7&/("@8(23-"3(2&A"M" '(:(22-/&$"/&:$/)-/("&+"2&0'&T:-3$"3$6&23-")&"
D"(22(/("E>" "V/)&'-/&-6('3(A")8("2&0'&T:-O!"/(-+("(":$'$2:&O<$"5:,>"B#-7!'#/@6A"g**A"->"FA"-)"G"869H"6-"-"<$+3("3/("2('2&"5:,>".-*#/'),-:>"JJA"@>"GA"-)"G"869!"
(22('O-+(A":$0'&O<$"("(2&23('%&-+(>
C1(22(/("2(:$')$"&+"2&0'&T:-3$"(22('%&-+(!"+-"'-38/-")18'-":$2-"M"+1$00(.$"&66()&-3$")(++1-R(/6-%&$'(H"6-"+1(22('%-":$''$3-"-':K("+1(2&23('%->"\22('%-"("
(2&23('%-"'$'"2$'$"2(7-/-3(A"2$'$")&2O'3("6-"2(67/("8'&3(>
C1(22(/(" 2(:$')$" &+" 2&0'&T:-3$" :$0'&O<$!" p'-" 7/$7$2&%&$'(" 78L" -<(/(" 8'" 2('2$" 2('%-" -<(/(" 8'" /&,(/&6('3$" )&/(.$>" b-A" '(++-" 7/$27(S<-" 3$6&23-A" 3-+("
-R(/6-%&$'(")&"<(/&34"2&",$')-"8+O6-6('3(A"2<&+877-')$"+("28("&67+&:-%&$'&A"28++1(2&23('%-"-22$+83->
C1(22(/("2(:$')$"&+"2&0'&T:-3$"(2&23('%&-+(!" $0'&"-R(/6-%&$'(")(++-"<(/&34"-//&<-"T'-+6('3("-++1-R(/6-%&$'(")(++1(2&23('%-")&"8'"(22(/(A"6-"8'"(22(/(",/-"
3-'O"-+3/&A")8'@8("7$23$"'(+"/(-+(":K("+$"3/-2:(')(>"P$2^"8'"(22(/("7-/O:$+-/("M"8'"(22(/(_'(+_6$')$A"&'"/-77$/3$":$'"&+"38.$")(++1(2&23('%-A":&$M"T'-+6('3("
:$'"=&$>
*+"7-22-00&$"-"=&$>"*+"7('2-/("8'"(22(/("M"6(.(/+$"&'"/-77$/3$":$'"+1(2&23('%-A":$'"&+"38.$")(++1(2&23('%->"V/-A"7(/"&+"3$6&26$A"&+"38.$")(++1(2&23('%-"'$'"78L"
(22(/("3$3-+&%%-3$":K(")-++1(22(/("-22$+83$>"=&$"M"+-"287/(6-":-3(0$/&-")(+"/(-+("$A"7&8.$23$A"+-":$')&%&$'("23(22-")(++1-R(/6-%&$'(":K("M"-+")&"2$7/-")&"38.("
+(":-3(0$/&(>

F5#=)b"33)&7"#38,,"#$%&'"#$"%#),#.)8()9)&5
K5L*)T"%"79+#()#$%&3$"/'+#0%+#3+70-?.&3:7&#"#3+7#@&44+3&B#
u-''$"&'":$68'("+-":(/3(%%-")&"-//&<-/("-" =&$H")&R(/&2:$'$"'(+"6$)$>"?(/" Y0$2O'$"("0+&"-8082O'&-'&!" =&$"M"&66()&-3-6('3("/(0$+-")(++$"27&/&3$"86-'$"
:*!A&A!;2#8A"*A"**A"J9)"=8'@8(A"8'"-.(00&-6('3$"6&2O:$>"*'<(:(A"7(/";$66-2$A"=&$"&++86&'-"+1&'3(++(.$"86-'$"&')&/(.-6('3("3/-6&3("&"7/&6&"7/&':&7&"5:,>"B#%#5&'6'#A"@>"GA"->"cA"-)"X"869>"p'"-.(00&-6('3$"/-%&$'-+("5-83$'$6&-")(+"6$')$9>"
M5#*)N2&,01#&#$+%+(&33&5
?(/"Y0$2O'$A"2("+1&'3(++&0('%-"86-'-"M"&66()&-3-6('3("&++86&'-3-")-"=&$"()"MA"&'"@8-'3$"3-+(A"8'&3-":$'"=&$A"'$'"K-"8'"7$3(/(")&/(.$")&" "<&2&$'(")&<&'->"
C18$6$"M")8'@8("6-'3('83$"'(++-"28-":$')&%&$'("T'&3-A"B(':K("&+",$')$")(++1(22(/("86-'$"2&-"+18'&$'(":$'"=&$>"Y0$2O'$"(27+&:&3-"+-")&7(')('%-"86-'-")-"
=&$A"(0+&"&'3(')("7(/":$'$2:('%-"+-"/(+-%&$'(")&")&7(')('%-")(++18$6$"/&27(.$"-+"g(/B$_C8:(>
W-'";$66-2$A"2('%-"3/-2:8/-/("+1(27(/&('%-"6&2O:-A"2<&+877-"8'")&2:$/2$"7/(6&2O:$"("<8$+("-22&:8/-/("+1-83$'$6&-"86-'-"5'$'"+1&')&7(')('%-9>"\0+&"-//&<-"
-++1-R(/6-%&$'(" )&" =&$" :$6(" D"V00(.$" -22$+83$" )(+" 7('2&(/$"E" 5?/&6-" <(/&349" (" :$6(" l$')-6('3$" -22$+83$" )(++1-.$" )&" 7('2-/(" 52$00(.$" -22$+83$"
7('2-'3(9>

*5#=+$$&%0&#J%+#,"#(8"#$%&'"#(",,&#3$)%)0&5

p'"/-77$/3$"M":$2^"&'23-8/-3$"3/-"+(")8("7/$<(!"+-"7/$<-"7(/"&+"0&8)&%&$"&':+8)("+-"7/$<-"7(/"+("<(/&34A"7(/:KZ"+-"7/&6-"<(/&34"'$'"M"8'-"&)(-"2$23-'O<&%%-3-A"
6-" (22-" M" &'" 2Z" 23(22-" -.$A" +1(2&23('%-" 23(22-H" D"#/8- #'- %#523- =!/%#5'2/'25"E>" b-A" '(++-" 6&28/-" &'" :8&" &+" <(/$" M" 8'" 3/-2:(')('3-+(" )(++1(22(/(A" :1M" 8'-"
)&2O'%&$'("("8'-"/(:&7/$:&34",/-"<(/&34"("(22(/(>"C-"<(/&34"/&'<&-"-"8'"2$00(3$"7('2-'3(A"&+"2$00(.$"7('2-'3("-"8'-"<(/&34>"#(")(/&<-":K("&'(R-B&+&34"("2,$/%$"
)&")&/("<-''$"2(67/(")&"7-/&"7-22$>"
W("+-"<(/&34"'$'"M"3$3-+6('3("&)('O:-"-++1(22(/("52("M"8'"3/-2:(')('3-+(9A"M"7$22&B&+("7('2-/("+1(22(/(":$6("3-+([

C-"7/$7$2&%&$'(!"D"=&$" M"&'(R-B&+("E" &67+&:-"8'" )&-+$0$" <&<('3(" ,/-" +(")(3(/6&'-%&$'&" '(0-3(" ("+1\2&23('%-" &'T'&3->" ?(/" 2-'" ;$66-2$A"&" ,('$6('&" K-''$" 8'"
2('2$"D"(3(/'$"E"("&+")&2:$/2$"8'"2('2$A"7(/:KZ"(22&"2$'$"&+":-7&/("'(+"3(67$A"2$.$",$/6-"/(-+("B(':KZ"'(0-O<-A")(++-"7/(2('%-"-22$+83->"P1M")8'@8("8'":-7&/("
)(++-" /(+-%&$'(" )(+" 3(67$/-+(" (" )(++1(3(/'$A" (" 8'-" /&'8':&-A" )-" 7-/3(" )(" +1(22(/(" 86-'$A" -++-" <$+$'34" )&" :-7&/(" +1(3(/'&34" 2('%-" 3/-'2&%&$'(>" C1(3(/'&34" M" '(+"
3(67$A"2&")(<(":(/:-/+-"+^>"?(/:&L"+-")&6$23/-%&$'(")(++1(2&23('%-")&"=&$"M"&'2(7-/-B&+(")(++-"/-77/(2('3-%&$'&":K("2&",-")&"=&$>

F&72,83)&7"B

W$.$"+-":-3(0$/&-")(++1$00(S<&34A"&+"6$')$"M":$'2&)(/-3$":$6("(23/&'2(:$"-++18$6$A"2&-":$66("D"$00(.$"E")-<-'O"-++-":$2:&('%-A"2&-":$6("D":$')&%&$'("E"-++-"
<&3-"86-'->" =&$"M"-':K("<&23$":$6("D"V00(.$"-22$+83$"E" ("D"P$')&%&$'("-22$+83-"E>" b-"&',-SA"2(":1M"8'-":(/3-")&R(/('%-A":1M"-':K("8'-"8'&34",/-"+1(22(/("
86-'$"("&+"6$')$>"P&"<8$+(")8'@8(":$'2&)(/-/("-':K("@8(23$"-27(.$")(++1(2&23('%-"86-'-"'(+"6$')$>

CAFEH*?#<?=@A#B#
!-AC6C@AHI?#A#
!-?CCE!d@E

d"P$':+82&$'(!"+-"6(3-T2-:-"3$66&23-"M"8'-"4"0+_3)2+#2+83+,""5"B#-7!'#/@6-A"**A"->"G9"("8'-"
4"0+_3)2+#(",,-"3)30"79+#5-B#-7!'#/C&6A"g**A"->"F"-)"kf9>#

670%&(89)&7"5#

F+$)0&,&#65#
!-"3)30"79+#
2&70%+(();&%)+5

F+$)0&,&#666B#!?#
=A?!@m#FE>A#
>6C@A=E

C2&$&!" /&:(/:-" 6&/-')$" -)" -:@8&2&/(" 8'-" :$'$2:('%-" )(++1(2&23('%-" '(++-"

28-"$/&0&'-+&34"/-)&:-+(>
e#$%"38$$&3:5
Gf>"C1&)('O34")(++-")$6-')-"28++18$6$"(")&"@8(++-"28"=&$>"C(")8(":$2O38&2:$'$"8'-"2$+-"()"8'&:-"
)$6-')-":K("2&"78L"@8-+&T:-/(":$6("%",).)&3+5#"W:$7$")(++-"Ff"7-/3(!")(3(/6&'-/("("(27+&:&3-/("+-"
'-38/-")&"@8(23$"/-77$/3$>
Ff>"C18$6$"M"(0+&"23(22$"+-")$6-')-"28"=&$>" "C18$6$"M"&+"+8$0$"&'":8&"2$/0("+-")$6-')-"28"=&$H"
6(0+&$"(0+&"23(22$"M"@8(23-")$6-')-",-:(')$"+1(27(/&('%-")(++-"2&7:7."79+>
Jf>"C-"+&B(/34"&':-/'-3-":$6("(22('%-")(++18$6$"(":$6("+8$0$")(++-"2:$7(/3-")&"=&$>"C-")$6-')-"
28" =&$" 2$/0(" &'" 2('$" -)" 8'1&'3(//$0-%&$'(" /-)&:-+(" 6()&-'3(" +-" @8-+(" +18$6$" :(/:-" )&"
)(3(/6&'-/("&+"2('2$"("&+",$')-6('3$"{)(+"2('2$9")(++-"28-"(2&23('%-"'(+"6$')$>
cf>"*+")&2:$/2$")&"=&$"M"8'")&2:$/2$")&"+&B(/34>"C-")$6-')-"28"=&$"("28+"2('2$")(++18$6$"2&"7$'("-+"
+&<(++$" )(++-" +&B(/34A" 3/-6&3(" 8'" )&2:$/2$" :K(" 2&" 2&38-" -++1&'3(/'$" )(++1(2(/:&%&$" )(++-" +&B(/34A" :K("
(27+&:&3-"&+"6$)$"&'":8&"+-"+&B(/34",8'%&$'-"("2&"/(-+&%%-"3/-'2,$/6-')$"&+"6$')$"("2Z"23(22->
Xf>"C-"'(:(22&34")&"7/(')(/("28+"2(/&$"&"7/()&:-O>"P(/:-/("+-"/(-+34"-":8&"6&/&-6$"@8-')$"82&-6$"
+-" 7-/$+-" D"=&$"E>" b(.(/(" &'" +8:(A" '(+" +$/$" +(0-6(" (" '(+" 6$<&6('3$" :K(" +&" 2:$7/&A" &" )&R(/('O"
-27(S":K(":$2O38&2:$'$"+-"/(-+34":K(":K&-6&-6$"=&$>
If>"C-":$':$6&3-'%-")(++-"/&:(/:-")(+"2('2$"(")(++-")(3(/6&'-%&$'(")(+"/-77$/3$",/-"=&$"("+1(22(/("
86-'$>"C-"/&:(/:-")(+"W('2$"(")(+"l$')-6('3$")(++1(2&23('%-"86-'-"-+"+&<(++$")(+":$&'<$+0&6('3$"
)(++-"+&B(/34"M"-++$"23(22$"3(67$"+1(27+&:&3-%&$'(")(+"/-77$/3$":K("(2&23(",/-"+1(22(/("86-'$"("=&$>
vf>" C-" 2&68+3-'(&34" )(++1-66&22&$'(" )(++-" :$'O'0('%-" (" )(++-" :$',(22&$'(" )(++1Y22$+83$>"
Y66(.(/(")&"(22(/(":$'O'0('3("M"-66(.(/(")&"'$'"(22(/("&+":/(-3$/("8+O6$")(+"6$')$"(")&"
2ZA"7(/"+18$6$>"C1(27(/&('%-")(++-"+&B(/3-"T'&3-"("+1(27(/&('%-")(+",$')-6('3$"8+O6$"'$'"2$'$"
)8("(27(/&('%(H"(22("2$'$"-++-"T'("+-"8'#886-(27(/&('%-)

?5L# ?$$+%)9)&7"# (",# 2&72";&# 7",,+# 30&%)+# (",,+#

2&732)"79+5
W("&+"7/$B+(6-")(++1(2&23('%-"M"2(67/("23-3$"8'"78'3$")&"/&,(/&6('3$"7(/"+-"/&j(22&$'("
T+$2$T:-" M" 23-3$A" 7(/LA" -++1(7$:-" 6$)(/'-" :K(" +1(2&23('%-" M" -77-/2-" :$6(" 8'-"
2+0".&%)+# _,&3&_2+>" =8(" 2('2&" -" @8(23-" '$<&34!" $" 8'-" 2(67+&:(" 7/(2-" )&" :$2:&('%-"
3(O:-" )(+" 7/$B+(6-" (" )(++-" 28-" 2$+8%&$'(" -'O:-A" $" 8'" :(/3$" :-7$<$+0&6('3$" )(++-"
7/$B+(6-O:-"-'O:->"?(/"/&27$')(/(A"8'-"B/(<("23$/&-")(++1-77-/&%&$'(")(+":$':(.$")&"
(|&23('%-":$6(":-3(0$/&->

P$'"&+":$':(.$")&"(2&23('%-"&')&:K&-6$":K("+-"/(-+34":K(":(/:K&-6$")&"
2800(/&/("M"7/$7/&$"&%).)7+,"5#C1(27(/&('%-":K("'$&",-::&-6$"
)(++1(2&23('%-"'$'":&"7$/3-",8$/&")&"2("23(22-A"'$'"M"2(7-/-3-")-"2Z>"
?/$<&-6$"+1(2&23('%-"28"8'"7&-'$")&"&66-'('%-"(")&"2(67+&:("&)('O34"
'(++-"6&28/-"&'":8&"+1(2&23('%-"2&"6-'&,(23-"&'"'$&":$6("<('83-")-"2("
23(22-"-++1(2&23('%->"=$BB&-6$A")8'@8(A"/&:$'$2:(/+-"'(+"6$<&6('3$"&'"
:8&"2&")$'-"("@8-+("(22-"2&")$'-"-::$0+&(')$"&"28$&"7/$7/&"2(0'&":K("
(22-":&")4>
C-" /(-+34" (2&23('%&-+(" :K(" '$&" :(/:K&-6$" M" &%).)7+%)+>" C1(2&23('%-" 2&"
7/(2('3-" '(++1(27(/&('%-" :K(" '(" ,-::&-6$" :$6(" /(-+34" :K(" (<$:-"
+1$/&0&'(>"W&"7/(2('3-":$6("78'3$")&"7-/3('%-")&"8'"7/$:(22$"23$/&:$A"M"
D"$/&0&'-'3("EA" :&$M" $%)4&%()+,"H" &'" (22-" :1M" &'" @8-+:K(" 6$)$" D"7/$_
<('&('%-"EA" D"(|_7-'2&$'("EA" D"V58752/""EA" D",8$/&82:&3-"E>" C1$/&0&'(" M"
-':K("$/&0&'-+(A":&$M"K-"8'"6$)$"7/$7/&$")&"(22(/("&':$67-/-B&+(":$'"
'(228'$"-+3/$>

C-"D":$',(/6&34")(++$"27&/&3$"-++(":$2("E"5B#-%#5&'6'#A"@>"GA"->"G9"M"8'-":$')&%&$'(")(++-"<(/&34A"6-"'$'"M"+1(+(6('3$")(:&2&<$>"C-"<(/&34"'$'"M",$/6-+6('3("
<(/&34":K("2("(22-"M":$'$2:&83->"=8'@8("2&"78L"7-/+-/(")&"<(/&34"&'"6-'&(/-")(:&2&<-"2$+$"-+"+&<(++$")(+"0&8)&%&$"5:,>"*)+),-.,-;)-ER,-6)-S"("..-*#/'),-:>"FA"@>"XA"->"GA"-)"
v"869>"

F&72,83)&7"5

=&$":$6("[#2+83+#87)'"%3+,)3"$6'&86"('O86"E"58'&<(/2-+&349"(":$6("D"6$384#"33"#38W3)30"73"E"5P$'O'0('%-9>"

c5#<%)4"#)7()2+9)&7)#38,,+#7&9)&7"#()#"3)30"79+5

F>"C1(+(6('3$",$/6-+(")(+"0&8)&%&$>

c5#C+7#@&44+3&5

d"*+"/-00&8'0&6('3$")(++-"7/$<-!"

F>"u(0(+"<2"n-'3>
u(0(+" )('8':&-" +1-.(00&-6('3$" }-'O-'$" :$6(" 8'-" '8$<-" &++82&$'(" )(++-" :$2:&('%->"
?(/" u(0(+A" n-'3" )&:K&-/-" :K(" +1*'3(/'$" )(++-" /(-+34" M" &':$':(7&B&+(" 7(/:K(" (0+&" +$"
:$'2&)(/-" :$6(" <8$3$>" P$2^" ,-:(')$A" n-'3" :-)(" '(++-" :$'3/-))&%&$'(" )&" 7/(')(/("
:$6("/(-+34":&$":K("M"2(67+&:(",('$6('$>"Y+":$'3/-/&$A"7(/"u(0(+A"+1&'3(/'$")(++(":$2("M"
-::(22&B&+("-++-":$2:&('%-"86-'-"3/-6&3("&",('$6('&":K("2$'$"&"28$&"(27/(22&$'&>
*'" u(0(+A" &+" :$':(.$" )&" (2&23('%-" -77-/(" 2$.$" )8(" ,$/6(!" :$6(" *+3")7# h(22(/_:&i" ("
:$6("Af)30"79#h(6(/0('%-")(++1(22('%-i#"5:,>"*=&#/C6-4#AA6-A!"&=69>"
J>" n>" ~-27(/2" (" +-" T+$2$T-" :$'3(67$/-'(-" K-''$" /&7/(2$" -" 6$)$" +$/$" +1-'-+&2&"
)(++1(2&23('%-"86-'-"&'"@8-'3$"*+3")7"("Af)30"795#C1(2&23('%-"86-'-"M"8'-"(2&23('%-"
:K(" 2&" 3/$<-" '(+" 6$')$" :$6(" 8'" ,-.$" 5B68#&/9A" 6-" 2(:$')$" 8'-" 6$)-+&34" :K("
3/-2:(')("0+&"$00(S"("+("(22('%("5TU&8'#/C,-*#A<8'8#&/9>
C-" :-3(0$/&-" )&" (2&23('%-" &'3(')(" )8'@8(" (27/&6(/(" &+" 6$)$" $/&0&'-+(" )(++1(2&23('%-"
86-'->

F>" C-" 7/$<-" !" +(" 56@!/#8- 6#'#5/6#- 5B#- 4&%#58&8- ;26#8@!/&<28A"
Ceee***A"cIA"F9>

C-" :$'$2:('%-" )&" =&$" M" 8'" 7/$:(22$" )&-+(S:$" :K(" :$67$/3-" 3/(" (+(6('O!" +1-R(/6-%&$'(" 5%&6- 6?536@!/&8- !- =6286A&'6@89A" +-" '(0-%&$'(" 5%&6- /#"6@!/&89" ("
+1(6&'('%-"5%&6-#3&/#/@6#9>"a(':KZ"(22-"2&-""8'"6$)$",$')-6('3-+(A"+-"'(0-%&$'("'$'"M"+18'&:$"6$)$H"M"&'"/(+-%&$'(":$'")8("-+3/&>">+#R8"3:#0%"#4&()#3&7&#
08/#[#7".+:')#\U#$&)2O]#08/#"4+7+7&#(+#87#87)2&#+;&#J&7(+0&#)7#7".+9)&7"5

?8'3$")&"7-/3('%-!"23/8.8/-":$'j&.8-+(")&"$0'&"(22(/("T'&3$"5)&2O'%&$'("/(-+(",/-"(2&23('%-"("(22('%-9>"
*"78'O"(22('%&-+&")(+"7/$:(22$!
f"C1-Q/6-%&$'("5)&6$23/-%&$'(9")(++-")&2O'%&$'("/(-+(",/-"(22('%-"()"(2&23('%-"&'"$0'&"('3("T'&3$"5D":$67$2&%&$'("E"&'"
(22('%-"("(2&23('%-9>
f"*+":-/-.(/("-<<('O%&$")(++1(2&23('%-"5:$2^")&2O'3-")-++1(22('%-9>
f"C-"'(:(22&34")&"0&82OT:-/("+1(2&23('%-"5&//&)8:&B&+("-++1(22('%-9>
f"C1-R(/6-%&$'(")&"8'-"/(-+34"'(++-"@8-+("(22(/("("(22('%-":$&':&)$''$

n-'3"<2";$66-2$>
;8S"(")8("-::(.-'$":K("D"+1&')&<&)8$"&'"@8-'3$"3-+("M"&'(R-B&+("E>"n-'3"'(":$':+8)("
:K(" +-" /-0&$'(" 86-'-" '$'" K-" -+:8'" -::(22$" -++-" /-)&:(" )(++1(22(/(" 86-'$" (A" )&"
:$'2(08('%-A" -++-" U(-+34" )&<&'->" Y&" 28$&" $::K&A" )8'@8(A" &+" 2&23(6-" 3$6&23-" 2-/(BB("
&':$(/('3(A" :$'3/-))&.$/&$!" 78/"/&:$'$2:(')$"+1-27(.$"&//&)8:&B&+("("&'(R-B&+("5'$'_
:$':(.8-+&%%-B&+(9")(++1(2&23('%-A";$66-2$"7/(3(')(A"38.-<&-A":$2O38&/("8'")&2:$/2$"
:K("/-00&8'0-"+1\22(/("&'"@8-'3$"(22(/(H":&L":K("M"8'-"&++82&$'("3/-2:(')('3-+(>

c5#C+7#@&44+3&5
G>"m&8)&%&$"("<(/&34>

Propio es de la razn superior juzgar de las cosas materiales segn las razones incorpreas y
eternas; razones que no seran inconmutables de no estar por encima de la mente humana; []
Juzgamos, pues, de lo corpreo, por sus dimensiones y contornos, segn una razn que nuestra
mente reconoce como inmutable. San Agustn, De Trin., XII, 2 , 2.

P$'3/$" +-"7/$<-" $'3$+$0&:-" 52-'" Y'2(+6$9A" ;$66-2$" 2$2O('(":K("+1(2&23('%-" 3/-2:(')(" &+" :$':(.$" ("'$'" 78LA")8'@8(A"(22(/(" )()8:&B&+(" )-" (22$>" W&::$6("
@8(23-":/&O:-"M"/-)&:-+(A":$6("2&"78L":$':(7&/("&+"7-22-00&$")-++-"&)(-"5)-++-":$'$2:('%-":$',82-"&'&%&-+(9")&"=&$"-++1-Q/6-%&$'(")(++-"28-"(2&23('%-[
?(/" 2-'" ;$66-2$A"+1&)(-"&'&%&-+(" )&" =&$" '$'" M"8'" :$':(.$" :K("2822&23(/(BB(" &'" 2Z"(")-" 2ZA"6-" 8'" :$':(.$" :K("2$/0(" )-++1(27(/&('%-" )(++-" :$'O'0('%-" )(+"
6$')$"T'&3$"("'$'":(22-")&"7$/3-/("&+"2(0'$")(++-"28-"$/&0&'(>"Y++1&'&%&$A"+-":$2:&('%-"7/$<-"8'-"7/(2('%-":$',82-"-+":8$/(")(0+&"(2&23('OA"7/(2('%-":K("M"-+"
3(67$" 23(22$" 3/-2:(')('3(" (" &66-'('3(" -" +$/$>" \" 7/$7/&$" 7(/:KZ" @8(23-" (27(/&('%-" &'&%&-+(" M" ,-3-" 82<- ;26463- =!/>28&!/#A" +-" :$2:&('%-" 2('3(" -':K(" &+"
)(2&)(/&$")&"8'-"2:$7(/3-"7&('->
*+"7/$:(22$")(++-")&6$23/-%&$'("<-")8'@8(")-0+&"(2&23('O"-++1(2&23('%-"$A"7&]"(2-.-6('3(A")-++1\2&23('%-":$',82-6('3("7(/:(7&3-"-++1\2&23('%-"/&:$'$2:&83-"'(++-"
28-"7&('(%%->

C$"27&/&3$"'$'"M"8'-"78/-"7-22&<&34H"(22$"M"-':K("-S<&34":K("2&"6-'&,(23-"'(++-":$'$2:('%->"?(/"Y0$2O'$A"2&7&32"%""'$'"M"2$+$"/(0&23/-/("&'"'$&"8'")-3-")-"
,8$/&A"6-"M"-':K(".)8()2+%,&U#2)&S#(+%"#),#$%&$%)&#[#+33"73&#E"5:,>"J!/>#88&!/#8,-g**A"eg**A"Ft9>
Y'-+$0&:-6('3("-+"0&8)&:("'(+"3/&B8'-+(A"0&8)&:-/("M"/&,(/&/2&"-"8'-"/(0$+-A"+(00(>"b-"@8(23-"/(0$+-"M"&'3(/&$/("-++$"27&/&3$A"D"&''-3-"E"5'(228'$"+-"&67-/-9H"M"
8'-"/(0$+-"6-75&!5&"5:,>"B#-36"&8'5!A"e**A"Jt9>
N8(23-"/(0$+-"'$'"M"8'" ":$'3('83$")(+"0&8)&%&$A"6-"&+"7/&':&7&$")(+"0&8)&%&$H"'$'"M"8'-"/-77/(2('3-%&$'(A"6-"8'-"+8:(":K("&++86&'-"+("/-77/(2('3-%&$'&"5:,>"
J!/>#88&!/#8A"g**A"eA"GI9>
N8(23-"+8:("2&")&2O'08(A")-"8'-"7-/3(A")-++1-.$")(++$"27&/&3$"(A")-++1-+3/-A")-++-"<(/&34"/-77/(2('3-3->" #$'"M"'(66('$"&'3(/6()&-/&-",/-"+$"27&/&3$"("&+"28$"
6$')$H"B(':KM"2&-"&'3(/&$/("-++$"27&/&3$A"(22-"M"287(/&$/("-++$"27&/&3$>
V/-A"7(/" Y0$2O'$A"-+")&"2$7/-")(++$"27&/&3$"'$'":&"78L"(22(/(":K("=&$>" s")8'@8("=&$":K("M"+-"/(0$+-")&"<(/&34"5:,>" B#-328&=6A"g*A"*A"*9-$A"&'"8'-"7/$27(S<-"
3($+$0&:-A"&+"g(/B$"5:,>"J!/>#88&!/#8A"g**A"*eA"GJ9>

;/("+&<(++&")&2O'O"'(++1$7(/-")&"2-'31Y0$2O'$!
;/("-27(S":$//(27$')('O"-"3/(":-3(0$/&(!""33"79+"5<(/&34"<-+&)-"&'"2Z"23(22-"(")-"
2Z" 23(22$-A" 287(/&$/(" -++$" 27&/&3$" 86-'$" hB#- %#56- 5#A&"&!/#,- =)- PPP,- 64- Q/#3O9,"
%)b"33)&7"""5<(/&34"-::(22(22&B&+("38.-<&-"-"'$&"2$+$"6(&)&-'3("+1&'3(++&0('%-"86-'-"
hB#- 36"&8'5!A" e**A" czi9" (" "3)30"79+# 5(27(/&('%-" )(++-" T'&38)&'(9>" C1-/0$6('3$"
-)$7(/-":$'"+-":-3(0$/&-")(++1(22('%->

C(" 56@!/#8- 6#'#5/6#A" 3/-27$2&%&$'(" )(++(" &)((" 7+-3$'&:K(A" 2$'$" :$++$:-3(" '(++-"
6('3(")&<&'->
\22(" 2$'$" D"'$%&$'&" 2$23-'%&-+&"E" :K(" ,$/6-'$A" &'" =&$A" 8'" 6$')$" 7/$7/&-6('3("
27&/&38-+(>
C-"7/$<-"2800(/&2:(":K("+$"27&/&3$"23(22$"M"8'"6$')$"(":K("&+"7-22-0&$")-+"2('2&B&+("
-"=&$"7/(2877$'("+-"3/-<(/2-3-")(++18'&<(/2$"27&/&38-+(>

P5#+"#()$()""#!"#$%&'()$()"#7",,+#()4&30%+9)&7"#0&4)30+5

d"C-"7/$27(S<-")&":$'O'0('%-"5B#-#/'#-#'-#88#/@6A":>"*g"h***i9>

C"9)&7"#K5#*",#2&72";&#()#
A3)30"79+5

F5665#!+#$%&'+#$"%#),#
.)8()9)&5
C+70-#?.&3:7&5

Gf>"C1(<&)('%-")(+"6$<&6('3$"'(+"6$')$>

'&('3(" 2&" 3/-2683-" :K(" '$'" 2&-" 7$3('%&-+(" /&27(.$" -+"

3(/6&'(" )(+" 6$<&6('3$H" 6('3/(" :K&" 68$<(A" 68$<(" &'"
@8-'3$" M" &'" -.$"E>5y9>" Ds" ")8'@8(" &67$22&B&+(" :K("
2$.$"&+"6()(2&6$"-27(.$"8'-":$2-"2&-"-+"3(67$"23(22$"
6$<('3("("6$22-A":&$M":K("68$<-"2("23(22-">E

C"9)&7"#66B#!"#$%&'"#()#*)&#+,#
,)'",,&#(",,-&.."/')01#(",,&#
3$)%)0&5

;8.("+("7/$<("2$'$"0&8)&%&")(++$"27&/&3$>"Y)(22$"-'-+&%%-/("+1-.$")(++$"27&/&3$"&'"2("23(22$!"+1-.$")(+"0&8)&%&$>

L#!+#0"%9+#')+B#,+#$%&'+#$"%#),#
2&7:7."70"#"#),#7"2"33+%)&5

D V/-"38.$":&L":K("2&"68$<("M"6$22$")-"8'"-+3/$>"*',-S"

C"9)&7"#66B#

F56#!"#Z#G6A

!+#3"2&7(+#')+B#,+#$%&'+#$"%#
,+#2+83+#"N2)"70"5

Ff>"=-+"6$<&6('3$"-++-"6$%&$'("5'$%&$'&")&"7$3('%-"(")&"-.$A"7/&':&7&$")&"'$'"
:$'3/-))&%&$'(9>

;UVgYU\"*C"?UV?U*pb"PU*W;*Y#V"
:K("2(/<-")&"mp*=Y>"

CV"W?\P*l*PV"PU*W;*Y#V"uY"
PV#;U*ap*;V"YCCr\gVCpq*V#\"
=\CCY"l*CVWVl*Y"5,8$/&"(")('3/$"
)(++-"3($+$0&-9

670%&(89)&7"!"#$%&$'(")&"
!""#$%&'()"*+",-.$"$/&0&'-+(!"
+1(2&23('%-")(++("/(-+34"
56-3(/&-+&"("27&/&38-+&9""
)7()$"7("7:#(+,#3&..";&5

!+# $%)4+# ')+B# !+# $%&'+# $"%# ),#

4&')4"70&5

\ W * W ; \" p #" l V # = Y b \ # ; V"

P V b p # \" = \ C" ? \ # W * \ U V"
l*CVWVl*PV"5s"bY*"\W*W;*;V[9

t9"*C"=\l*P*;"WV;U*PV"=*"
p#rV#;VCVm*Y"PU*W;*Y#Y

2.- PENSIERO UMANO SI

ABBAN-DONA alla radicale
iniziativa di DIO, alla sua
RIVELAZIONE (Platonismo,
agostinismo)

<=6>?#<?=@A#B#
AC?>A#D6!ECED6FE#
*A!!A#<=EGA#
*A!!-AC6C@AHI?#*6#
*6E5

C"9)&7"#6B#

k 9" P Y b a * Y b \ # ; V" = \ C C Y"

W * ; p Y q * V # \" Y C C Y" l * # \"
=\CCr\?VPY"bV=\U#Y

C"9)&7"# M5# !-"33"%"#

_7)0&#7",,+#38+#%+()2"#
4"0+_3)2+5

C"9)&7"#665#*",#2&72";&#()#
2&70%+(()9)&7"#"3)30"79)+,"5
C"9)&7"#KB#!+#7&9)&7"#()#
4)30"%&#"#()#+33&,80&5

?5L#H+32)0+#(",#2&72";&#()#
2&70%+(()9)&7"5
C-" )(2:/&%&$'(" -77('-" ,-.-" '(+" 7-/-0/-,$" 7/(:()('3(" :&" )4A" '(++-"
:(/3(%%-" -22$+83-" &'&%&-+(A" +1&)(-" )(++1(2&23('%-" (" '$'" +-" /(-+34" &'"
@8-'3$"3-+("7$&:KZ"@8(23-":(/3(%%-"'$'"M"-':$/-"/&(67&3-"&'"<(/&34>""
C1&)(-")(++1(2&23('%-"2&"()3:7.8"#)-++-"/(-+34")(++1(2&23('%-A"6-"(22-"
7/$<&('(" )-++1(2&23('%-" 23(22-A" 7$&:KZ" (22-" M" +1(2&23('%-"
:$',82-6('3(" 7(/:&7&3-" :K(" /&:K&()(" )&" 7-/<('&/(" -++-" :K&-/(%%-"
)(++-" 28-" <(/&34>" ?(/" /-00&8'0(/(" +1(22('%-" )(++1&)(-A" B&2$0'-"
/-00&8'0(/(" +1(2&23('%-" 23(22->" Y+" +&<(++$" &'" :8&" 2&-6$A" 7(/LA" +1&)(-"
'$'"M"2$7/(22-"5("-")&/("&+"<(/$A"(22-"'$'"+$"2-/4"6-&9H"(22-"2822&23("
&'" &$$&3)9)&7"" -++1(2&23('3(>" s" @8(23-" &$$&3)9)&7"" :K(" '$&"
:K&-6&-6$"2&70%+(()9)&7"""3)30"7:+,""5-++$"23-3$")&"'-2:&3-9>

665#!-"33"%"#30&%)2&5

C2&$&!" ,-/(" (6(/0(/(" &+" 2('2$" )(++-" :$'3/-))&%&$'(" 86-'-" 3/-6&3("

+1-'-+&2&")(++1$77$2&%&$'(")(++1$00(S<&34"(")(++-"2$00(S<&3-")(++1(22(/("
T'&3$>"#(++-"28-")&R(/('%-"$/&0&'-+("+-":-3(0$/&-")&"2$00(S<&34":(/:-")&"
(27/&6(/(" +-" 7/$B+(6-O:-" )(++-" +&B(/34" :$'3/$" +-" 3(')('%-" -"
:$'2&)(/-/(" +18$6$" :$6(" 8'" 78/$" $00(.$" '-38/-+(>" b-" @8(23-"
:-3(0$/&-" M" 23-3-" -':K(" -22&:8/-3-" 7(/" 2&0'&T:-/(" :K(" +1&')&<&)8$"
/(-+&%%-" &+" 28$" 7/$0(.$" )&" (2&23(/(A" '$'" 2$+$" :$6(" <&3-" &'3(/&$/(A" 6-"
:$6(" /(+-%&$'(" ,$')-6('3-+(" :$+" 6$')$>" s" 7(/" @8(23$" :K(" 2&"
D")(T'&2:("E" +18$6$" :$6(" D"(22(/(_'(+_6$')$"E>" N8(23-"
D")(T'&%&$'("E" 7(/LA" 7&8.$23$" :K(" )&/(" +1(22('%-" )(++18$6$A" 2&"
6-'&,(23-A" -./-<(/2$" +-" )(2:/&%&$'(" )(++1(27(/&('%-" (2&23('%&-+(" &'"
3(/6&'&" )&" /(+-%&$'(" )(+" 2$00(.$" (" )(+1$00(.$A" (22(/(" 8'-" @8(2O$'("
28++1(22(/(")(++18$6$>

6,# 2&72";&# ()# 2&70%+()9)&7"# S# X"3$%)4"Y# 87+# ("0"%4)7+9)&7"#

"33"79)+,"# (",,-"3)30"79+# 84+7+g# 2)V# 3).7)_2+# 2O"# ,-"3)30"79+#
84+7+#3)#3'",+#7",,+#"#+;%+'"%3&#,+#2&70%+(()9)&7"#"#2O"#"33+#3)#
3'",+# 2&3h# $"%# 3"4$%"U# "0"%7+4"70"5" C-" :$'3/-))&%&$'("
(2&23('%&-+(" '$'" )&:(" 8'-" 2(67+&:(" $77$2&%&$'(" )(++("
)(3(/6&'-%&$'&" )(++1(2&23('%-" 5<2" :$'3/-/&(349A" 6-" 8'-"
)&R(/('%&-%&$'(" 7(/6-'('3(" )(++1(2&23('%-" &'" 2(" 23(22-" " :8&"
+1$77$2&%&$'(" )(++(" )(3(/6&'-%&$'&A" )(++(" <-/&-%&$'&" '-38/-+&" ("
23$/&:K(A" M" +1(27/(22&$'(>" C-" :$'3/-))&%&$'(" (2&23('%&-+(" M" 8'-"
-S38)&'(" $/&0&'-+(" )&" D"<&<(/("E" &" :$'3/-/&" (" '$'" 8'-" /(+-%&$'("
78/-6('3("&66()&-3-")(++1(2&23('%-"-++-"28-"2&38-%&$'(>"
C2&$&!" )(3(/6&'-/(" +1(22('%-" )(++-" :$'3/-))&%&$'(" (2&23('%&-+("
3/-6&3(" +-" )(2:/&%&$'(" )(++1(2&23('%-" *9:$66(" D"(22(/(_'(+_
6$')$"E"("**9":$6("D"(22(/(_'(+_3(67$"E>

K5#!-&.."/')015#
P1M"@8-+:$2-":K("'$'"M"+1(2&23('%-"86-'->"
P K&-6&-6$+$A" 2$.$" +-" 28-" ,$/6-"
2<&+877-3-A"&+"6$')$!"8'"&'2&(6(")&"/(-+34"
7-/O:$+-/&A" )&2O':3(" )(++1(2&23('%-" 86-'-"
(" :$2O38&3(" ,/-" )&" +$/$" &'" 6$)$" -+6('$"
7-/%&-+6('3(" :$(/('3(>" Y':K(" 2(" (2&23("
8'-" /(+-%&$'(" ,/-" &+" 6$')$" (" +1(2&23('%-"
86-'-A" +1(22(/(" 86-'$" /&:$'$2:("
+1-83$'$6&-" )(+" 6$')$A" /&:$'$2:(" &+"
6$')$" :$6(" ,+# %"+,01# +80&7&4+U# )7# 87#
3"73&# "33"79)+,4"70"U# "0"%7+4"70"U#
()3:70&#(+,,-"3)30"79+#84+7+5#

P5# =+$$&%0&# "3)30"79)+,"#

( " , , -& . . " / ' ) 0 1# "# ( " , , +#
3&.."/')015"
d7# J+;&B# R8"30&# "33"%"# %+()2+,4"70"# ()T"%"70"# (+,#
4&7(&# 2O"# 3)# 2O)+4+# 8&4&# S# 87# "33"%"L(",L4&7(&5"
N8(23$"D",-.$"E"M"7(/"'$&"8'-"@8(2O$'("6(3-T2&:-"-":8&"
+1(27(/&('%-" $/&0&'-+(" '(++-" 28-" &'3(0/-+&34" 78L"
/&27$')(/(>" C18$6$" '$'" )8B&3-" :K(" (0+&" 2&" /(-+&%%(/4" &'"
8'-"2$00(S<&34"27(:&T:-"2$+$"6()&-'3("+-"28-"/(+-%&$'("
-++1$00(S<&34" )(+" 6$')$" 5-':K(" 2(A" -+" +&<(++$" )(+"
7('2&(/$A" 7$3/(BB(" :$'3(67+-/(" -+3/(" 7$22&B&+&349>" PK("
:$2-" 2&0'&T:-" @8(23-" /(+-%&$'(" '(++1(2&23('%-" )(++-"
2$00(S<&34" (" )(++1$00(S<&3-[" N8(23-" M" (2-.-6('3(" +-"
'$23/-" )$6-')->" P$'2&)(/(/(6$" @8(23-" /(+-%&$'(" -+"
7&-'$" )(++1&')&<&)8-+&34" 5J>G9" (" -" +&<(++$" )(++18$6$" (" )(+"
6$')$"5J>F9>

V00(S<&34" '-38/-+(" )(+" :$/7$>" P(/3$A"

+18$6$A" &'" @8-'3$" 27&/&3$" (" -'&6-A" M"
2$00(S<$H" 6-" &+" :$/7$" 86-'$" M"
808-+6('3(" $00(S<$>" *'" 8'" 7/&6$"
2('2$!" "33&# S# &.."/'&# 7",,&# 30"33&#
3"73&# (".,)# +,0%)# 2&%$)# (",# 4&7(&" 58'"
:$/7$" -'&6-+(9>" ;8.-<&-A" +1-27(.$"
D"78/-6('3("E" $00(S<$" '$'" 3$::-"
+1(27(/&('%-"T+$2$T:->" *+":$+$/(")(+"<&2$"
86-'$" '$'" 7$'(" &'" 2Z" '(228'$"
7/$B+(6->" #(" 7$//-" 2$+3-'3$" D"&'"
@8-'3$"E" &+" :$+$/(" :$2O38&2:(" 8'-"
)&R(/('%&-%&$'(" :K(" :/(-" 5-" 3$/3$" $" -"
/-0&$'(9" )(++(" 7(/38/B-%&$'&" '(&"
/-77$/O"86-'&>
V00(S<&34" 2$00(S<-" )(+" :$/7$>" *+"
:$/7$" " 86-'$" M" $00(.$" -':K(" &'"
38.1-+3/$" 2('2$" )(0+&" -+3/&" :$/7&"
)(++18'&<(/2$!" 7",# 3"73&# 2O"# S#
3&.."/'&>" C(" $7(/-%&$'&" )(+" :$/7$"
86-'$" 2$'$" (27/(22&$'&A" &':-/'-%&$'&"
)(++(" $7(/-%&$'&" )(++$" 27&/&3$>" P1M" 8'-"
:$67('(3/-%&$'(" )(+" :$/7$" (" )(++$"
27&/&3$"'(++1(2&23('%-"&')&<&2->" C$"27&/&3$"
-Q$/-" T'$" -0+&" 23/-S" 7&]" 287(/T:&-+&"
)(+" :$/7$H" &+" :K(" 2&0'&T:-" 3-'3$" 8'-"
27&/&38-++&%%-%&$'(" )(+" :$/7$" :K(" 8'-"
:$/7$/-+&%%-%&$'(" )(++$" 27&/&3$>" #$'"
7$22&-6$" )&/(" )&" 7&]" -" @8(23-" 3-77-!"
: $ ' 2 3 - O - 6 $" : K (" : 1 M" 8 ' -#
)70"%2&487)2+9)&7"# )(&" )8(" (+(6('O"
)(++1(2&23('%-A" 6-" 7"# ).7&%)+4&# ),#
4&(&>" N8-+(" M" &+" 2('2$" )&" @8(23-"
&'3(/:$68'&:-%&$'([" #$'" +$" 2-77&-6$"
-':$/->

-+",$')-6('3$"M"&+"6$<&6('3(")(++1(2&23('%-"'(&"28$&")8("-27(S")&"(22(/("("
)&"'8++-A"+1Y22$+83$":K("/(')(":$'3$")(++1(2&23('%-":$'O('("&'"2Z"+1(22(/("("&+"
'8++->"P&L"2&0'&T:-":K("+-"/(+-%&$'(")&",$')-6('3$"-+",$')-3$"&67+&:-"
&'2&(6("8'-":$'O'8&34"("8'-"/$.8/-"(A")&":$'2(08('%-A":K("Y22$+83$"("
:$'O'0('%-"2&")(T'&2:$'$"+18'$"&'"/-77$/3$"-++1-+3/$":$'3(67$/-'(-6('3("
'(++-"+$/-"&)('O34"("'(++-"+$/$")&R(/('%->
W(08(')$" @8(23-" /(+-%&$'(" )&" ,$')-6('3$" :K(" &':+8)(" +1&)('O34" )(+"
,$')-3$"-+",$')-'3(A")(<("(22(/("7$22&B&+("-:@8&2&/("8'-":$'$2:('%-"/(-+("
28"=&$"5*+"7/&':&7&$")&",$')-6('3$"0&82OT:-"@8(23-"&67/(2-")&"(<$:-%&$'(9>"

65L#!-"33"%"L7",L4&7(&5

c 5# H +0 8 %+# ( " , , +# 2& 70 %+ ( ( ) 9 ) & 7 "#

"3)30"79)+,"5

P5K5#!-)7()')(8+,)015

C2&$&#"#$%&W,"4+:2+!
)(3(/6&'-/(" +-" /(+-%&$'(" )(+" ,$')-3$" -+" 28$" ,$')-6('3$" (27/(22-" 0/-%&(" -+"
:$':(.$" )&" :/(-%&$'(>" !+# $%&W,"4+:2+# (+# +T%&70+%"# +("33&# S# B# R8+,"# S# ),#
<A=FnA#X4&:'&Y#(",,+#2%"+9)&7"o#
?/(:&2&-6$" +-" @8(2O$'(!" +1(22(/(" T'&3$A" /&:$'$2:(')$2&" &'" @8-+:K(" 6$)$"
&'(27+&:-B&+(" &'" 2(" 23(22$A" 2&" M" -7(/3$" -++-" U(-+34" -22$+83->" *'" @8(23$"
/&:$'$2:&6('3$"7(/L"+-"28-"7/&6-"-S38)&'("M"23-3-"8'1-.('%&$'("(2:+82&<-"-"
@8(23-"U(-+34>"?/()(')$":$2:&('%-")(+"2:$'<$+0&6('3$":K("+1&)(-")&"Y22$+83$"
&'3/$)8:("'(++-"28-"(27(/&('%-"(2&23('%&-+(A"(0+&"K-"+-":(/3(%%-":K("=&$"M"(":K("
\0+&"M"28Q:&('3("-"2Z>"\"@8(23$"M"<(/$A"(3(/'-6('3("<(/$>"H8,,+#4+72+U#78,,+#
J+#()J";&U#*)&#"33"7(&5"A$$8%"#),#_7)0&#"3)30"5#F&4"#(87R8"#3$)".+%"#R8"30&#
J+;&#2O"#[#+#_+72&#\#(",,-?33&,80&#2-S#R8+,2&3+#"#7&7#78,,+o
p'-" 7/(:&2&$'(" (2&23('%&-+(" (" 8'" :-7$<$+0&6('3$>" ?$&:KZA" &'" (R(SA" &$"
:$'O'8$" -" 2822&23(/(" )&" ,-.$" '(++1&23-'3(" 23(22$" &'" :8&" 6&" <()$" :$23/(.$" -"
7$//("+1Y22$+83$":$6("3$3-+6('3("&')&7(')('3(")-"6(A"$"`":K("M")&/("+$"23(22$"
`" '(++1&23-'3(" 23(22$" &'" :8&" 6&" <()$" :$23/(.$" -" :$',(22-/(" +1&'(2&23('%-" )&"
)&/&.$" )(++-" 6&-" (2&23('%-" '(+" /&:$'$2:&6('3$" )(++1-83$28Q:&('%-" 3$3-+("
)(++1Y22$+83$A"&$"7$22$":$0+&(/6&":$6("7/$<('('3("3$3-+6('3(")-":&L":K("2$+$"
(2&23(>" 6,#4&')4"70&#3)#2+$&'&,."#(87R8"#7",#3"73&#2O"#"33&#7&7#$+%0"#$)k#
(+,,+# 2&7:7."79+# $"%# +7(+%"# '"%3&# ,-?33&,80&# 4+# 7",# 3"73&# 2O"# $%&2"("#
&%4+)#(+,,-+80&L38N2)"79+#30"33+#()#R8"30&#?33&,80&5"#$'"M"+1Y22$+83$":K("2&"
:$67/(')(" -" 7-/O/(" )-++18$6$A" 6-" +18$6$" -" 7-/O/(" )-++1Y22$+83$" -83$_"
28Q:&('3(A"U(-+34"$/&0&'-/&-"7(/:KZ"$/&0&'-+(>"

P5M5#!-8&4&#"#),#4&7(&5#
C-"/(+-%&$'(")(++1(2&23('%-"-"2("23(22-"'$'"2&"$7(/-"8'&:-6('3("0/-%&("-++-"6()&-%&$'(")(+"28$":$/7$"(")(++-"28-"
2$00(O<&34"5&')&<&)8-+&349A"6-"-':$/-"0/-%&("-++-"6()&-%&$'(")(++-"/(-+34"8'&<(/2-+(")(+"6$')$"'(+"@8-+("(22-"M"&'"
8'" :(/3$" 6$)$" &66(/2->" U&3/$<&-6$" :$2^" +1$00(S<&34" )(+" :$26$" :K(" )$BB&-6$" )(2:/&<(/(" &'" ,8'%&$'(" )(++-"
/(+-%&$'("(2&23('%&-+(>"

+Y# !+# 3&.."/')01# (",# 4&7(&5# Y')-')$")&/(.-6('3("-+" ,$')$")(++1(27(/&('%-"6(3-T2&:-"

/&:$'$2:&-6$" &''-'%&38.$" :K(" +18'&<(/2$" M" 8'&<(/2$" 7(/" +18$6$" 2$+$"0/-%&(" -" @8(23-" 6(3-6$/,$2&" $7(/-3-" )-++-"
2$00(S<&34A" )-++1-S<&34" 3/-2,$/6-3/&:(" )(++18$6$>" !+# 3&.."/')01# (",,-87)'"%3&# S# 2&3h# )7# 87# 4&(&# %"+,"#
,-&..":')01#30"33+#(",,-"3)30"79+>" " =&<('(')$"$00(.$"7(/"+18$6$"+18'&<(/2$"'$'":(22-")&"(22(/("$00(.$A"6-"M"
7/$7/&$"$00(.$"86-'&%%-3$>"

WY# !-&.."/')01# (",,-8&4&5#

=-++1-%&$'(" 3/-2,$/6-3/&:(" 2&" 2:$/0(" 8'-" 3/-2:(')('%-"

D"&66()&-3-"E" )(++-" 2$00(S<&34" D"&'" @8-'3$" 3-+("E" /&27(.$" -+" 6$')$>" b-" 2(" :$'2&)(/&-6$" +-" 3/-2:(')('%-"
)(++1(2&23('%-" /&27(.$" -+" 6$')$A" :&$M" +1-.$" )&" (2&23(/(" :K(" 2&" (27/&6(" :$'3(67$/-'(-6('3(" &'" $00(S<&34" ("
2$00(S<&34A"-77-/(":K("@8(23-"3/-2:(')('%-")(++1(2&23('%-"&67+&:-"&'"8'-"23(22-"<$+3-"+1&66-'('%-")(++1(2&23('%-"
/&27(3$"-+"6$')$>"*+"6$')$"M"$00(.$"7(/"+18$6$"2$+$"-++-":$')&%&$'(":K("+18$6$"2&"/&:$'$2:("$00(.$"'(+"6$')$"52&"
/&:$'$2:(" '(++-" 28-" $7(/-9>" ;8.-<&-A"+1(2&23('%-" 86-'-" '$'"M" $00(S<-" -+" 6$)$")(++1"$00(S<&34" )(+" 6$')$>" \A"
)8'@8(A"+-" /(+-%&$'(" ,/-" +18$6$" (" &+" 6$')$A"&67+&:-" 8'-" /$.8/-H" :$'O'8&34" (" )&2:$'O'8&34" 2$'$" &" )8(" -27(S" )&"
@8(23$"/-77$/3$A")&":8&")$</(6$"2:$7/&/("&+"2('2$>

2Y#G"%3&#),#3"73&#(",#4&7(&#"#(",,-8&4&#7",#4&7(&5#N8(+":K("M"23-3$"$/-"

-:@8&2&3$A"M"0&4")(+")$6&'&$")(+"2&0'&T:-3$>"*+"6$')$"'$'"K-"2('2$")-"2("23(22$A"M"6$')$"7(/"+1(2&23('%-"86-'-A"&+"
6$')$")(++1-%&$'(" 3/-2,$/6-3/&:(>" C18$6$" :(/:-A" 3/-6&3(" +-" 28-" -%&$'(A"-" 7$3(/(" )&/(!" D"@8(23$" 6$')$"M" &+"6$&"
:$/7$"E>";8.-<&-A":$6(5#
)9"?/$B+(6-O:-"'(++-":$'3/-))&%&$'(>" W("+1(2&23('%-"86-'-"/&:$'$2:("&+"6$')$":$6("&+"7/$7/&$":$/7$A"("7$&:KZ"&+"
:$/7$"'$'"M"2$+-6('3("$00(S<&34"6-"-':K("2$00(S<&34A"&+"6$')$"M")8'@8("-':K("2$00(S<&34"86-'-"&'"@8-+:K("
623-"-':$/-")-"<()(/(A"2&":$66(.(/(BB("8'"-B82$"2("2&"7-/+-22(")&"7$22(22$")(+"6$')$>"6,#%+$$&%0&#"3)30"7:+,"##
(",,-"3"%"#84+7&#+,#4&7(&#7&7#S#87#%+$$&%0&#()#$&33"33&#+,4"7&#7",#3"73&#)44"()+0&-'&(/->""*+"6$')$"MA"
/(-+6('3(A" +-" 2$00(S<&34" &'" (23('2&$'(A" -)" $0'&" &23-'3(>" Y" @8(23$" 23-)(" 2$/0(" 8'-" @8(2O$'(!" 2(" &+" 2('2$" )(+"
6$')$"M")&"(22(/("+1(23('%&$'(")(++-"2$00(S<&34"86-'-A"M"7$22&B&+("-B$+&/("+1(23(/&$/&34")&"@8(23$"6$')$")&",/$'3("
-++1(2&23('%-A"2$77/&6(/("+-" )&23-'%-"/(:&7/$:-")(++18$6$"(")(+"6$')$["C1-S<&34"&'3(++(.8-+("'$'"+$"78L>" C1&)(-"
3/-6&3("+-"@8-+("+1&'3(++(.$":$':(7&2:("&+"6$')$"/(-+&%%-"+1&':$'3/$")(++-":$2:&('%-"(")(++1$00(3$"28"8'"3(//('$":K("
/&6-'("8'-"2$0+&-A"-+")&"+4"("-+")&"@8-")(++-"@8-+("2&"6-3('0$'$"2&-"&+"6$')$"2&-"+-":$2:&('%-"&'"-.(2-")(++-"+$/$"
8'&$'(A"'$'"<(/-6('3("&'"8'&$'(>"s"7$22&B&+("/(-+&%%-/("@8(23-"-B$+&%&$'("3/-6&3("+1-%&$'("3/-2,$/6-3/&:([

"Y# EW)"/'&# (",,+# 3&$%"33)&7"# (",,-"30"%)&%)01# J%+# ),# 4&7(&# "#

,-8&4&5# C1(27(/&('%-" (2&23('%&-+(" M" -'&6-3-" )-++-" :(/3(%%-" :K(" +1(2&23('%-" K-" 2('2$"
2$+$" '(++-" 2$77/(22&$'(" )(++1(23(/&$/&34" )(+" 6$')$" (" )(++18$6$>" W$77/(22&$'("
)(++1(23(/&$/&34"("'$'")(++-")&R(/('%&-%&$'(A"7$&:KZ"+1(27(/&('%-"(2&23('%&-+("M"-':K("+-"
:(/3(%%-" )(++1(3(/'-" )&R(/('%-" )(++18$6$" (" )(+" 6$')$>" V/-A" :$6(" +-" :$'$2:('%-A"
+1-%&$'("'$'"/(-+&%%-"7/$7/&$"@8(23-"2$77/(22&$'(":K("2&0'&T:K(/(BB(":K("+18$6$"/&(2:-"
-")&/(!"D"@8(23$"6$')$"M"6("23(22$"EA":K("/&(2:-"-"/&:$'$2:(/("&+"6$')$":$6("&+"28$"
6$')$"(A")8'@8(A"-"/&:$'$2:(/2&":$66("2("23(22$"'(+"6$')$")&<('83$"&+"28$"7/$7/&$"
6$')$A" (2-.-6('3(" :$6(" /&:$'$2:(" &+" 28$" :$/7$" :$6(" 2(" 23(22$>" W&:8/-6('3(A"
+1(27(/&('%-"(2&23('%&-+(A"2$.$"+-",$/6-")(++1$00(S<$"5:$/7$9"(")(+"2$00(O<$"527&/&3$9A"
'$'"/(-+&%%-"'(66('$"@8(23-":$68'&$'(>" ;8.-<&-A"(22-"M"5-'&6-3-")-++-9"+-".'(&'//!2O"# R8"30+# 2&487)&7"# SU# )7# 87# 2"%0&# 4&(&U# ),# 3&,&# $%&.";&# 84+7&# "# 2O"# ()#
2&73".8"79+#R8"30&#$%&.";&#S#$&33)W),"U#+,0%)4"7:#7]#),#4&7(&#7]#,-8&4&#+'%"WW"%&#
3"73&U#"(#"33)#O+77&#3"73&5

JY# !-&$$&3)9)&7"# _7+,"# S# J%+# ,-8&4&# "# ,-8&4&5" p'-" 2&7'"%3)&7"!" 2("

+1(2&23('%-"86-'-"7/$+8'0-"+-"28-"$00(S<&34"("+-"28-"2$00(S<&34"T'$"-+"6$')$A"-77-/(":K("
@8(+":K("+18$6$":(/:-"'$'"M"&+"6$')$"&'"@8-'3$"3-+(A"6-"2("23(22$"-./-<(/2$"&+"6$')$>" sA"
)8'@8(A" &'" ,8'%&$'(" )(++18$6$" :K(" +-" /(+-%&$'(" :$'" &+" 6$')$" )(<(" (22(/(" :$67/(2-" 5<2" &+"
6-3(/&-+&26$9>"i8",#2O"#2"%2+#,-8&4&#S#"33"79)+,4"70"#87#4&7(&#84+7&#)&":8&"&+"6$')$"
'-38/-+(" M" 2$+$" &+" /$<(2:&$" (" +-" :$')&%&$'(>" 6,# '"%&# 4&7(&# (",,-8&4&# S# 87# 4&7(&# (".,)#
8&4)7)>"E.7)#"3)30"70"#84+7&#S#+72O"#"#7"2"33+%)+4"70"#87#+,0%&#"3)30"70"#84+7&>

.Y# !-),,83)&7"# (",,-)70"%3&.."/')01B#

:/()(/(" :K(" +(" /(+-%&$'&" &'3(/86-'("

2$77/&6-'$"+-"3/-2:(')('%-")(+"6$')$"/&27(.$"-++1(2&23('%->"C-"3/-2:(')-'%-")(+"6$')$"M"
23-3-"/&:$'$2:&83-":$6("(+(6('3$"7(/6-'('3(A"(3(/'$A")(++-"23/8.8/-")(++1(22(/("T'&3$>"?(/"
/&:$'2$2:(/(" @8(23-" 3/-2:(')('%-" B&2$0'-" '$'" -22$+8O%%-/(" +-" /-0&$'(" 5+-" 2$00(S<&349" ("
6-'3('(/+-" -7(/3-" -++-" 3/-2:(')('%-" )(+" 6$')$" :K(" '$'" 3$::-" 2$+-6('3(" +-" 7-/3("
7$23(/&$/(" )(++-" 23$/&-" '-38/-+(" )(++18$6$A" 6-" +-" 28-" 23$/&-" (2&3('%&-+(!" &$" 6&" 3/$<$" &'" 8'"
6$')$":K("&$"K$"3/$<-3$"0&4"7/(2('3(A"("6&"3/$<$"&'"@8(23$"6$')$":$6(" 8'"2$00(.$A"8'""
(2&23('3(>" W(" ,-::&-6$" -23/-%&$'(" )(++-" 3/-2:(')('%-" )(+" 6$')$A" /&2:K&-6$" )&" 3/-.-/(" &+"
6$')$" :$6(" 8'-" 78/-" 6-3(/&-" )-" 3/-2,$/6-/(" (" '$&" 23(22&" :$6(" +&B(/3452$00(S<&349"
-22$+83-A" :&" :$')-''(/(66$" -" '$'" /&2-+&/(" 6-&" T'&" -++-" ,$'3(" )&" @8(23-" 2$00(S<34" (A"
)8'@8(A"-"'$'"2-7(/(":K(":$2-"M"<(/-6('3("+-"2$00(S<&34"7$&:K("'$'"2-7/(66$":K(":$2-"M"
<(/-6('3("+1(2&23('%-"586-'-9>"W(":(/:K&-6$")&"2:$7/&/(":K(":$2-"M"&'"<(/&34"&+"<$+3$"86-'$A"
B&2$0'-" +-2:&-/(" 2$/0(/(" &'" '$&" 2('%-" /(O:('%-" +1(27(/&('%-" )(++1$00(O<&34" )(+" 6$')$" :K("
'$'"2-7/(BB("/&)8/2&"-+"D"6$')$":$6("<$+$'34"("/-77/(2('3-%&$'("E"5W:K$7('K-8(/9>

OY# !+# 0%+32"7("79+# (",# 4&7(&# S# ),# 3".7&# (",,+# 2&70%+(()9)&7"#

84+7+5# !+# 0%+32"7("79+# (",# 4&7(&# 7&7# S# 87+# _.8%+# "30"%7+# +,,+# 2&32)"79+g# +,#
2&70%+%)&#,+#0%+32"7("79+#(",#4&7(&#3)#3)08+#+,#,)'",,&#(",,-"3)30"79+#"U#)7#87#2"%0&#4&(&U#S#
)70"%)&%"# +,,-"3)30"79+5# P&L" 2&0'&T:-" :K(" &+" 6$')$A" :$6(" <&('(" 27(/&6('3-3$" '(++-" '$23/-"
(27(/&('%-"(2&23('%&-+(A"'$'"M"2$+-6('3("8'"78/$"B68#&/A"8'-"78/-"&66()&-3(%%->"*+"B68#&/"
(67&/&:$" )(+" 6$')$" M" :$0+&B&+(" 2$+$" -./-<(/2$" +-" 2$00(S<&34" )(++1(2&23('%-" 86-'-A"
-./-<(/2$" +1\2&23('%->" C-" 3/-2:(')('%-" )(+" 6$')$" /&27(.$" -++18$6$" M" 7/$<-3-" '(++-"
2$00(S<&34")(++18$6$"(A"-./-<(/2$"@8(23-"2$00(S<&34A"(22-"7-22-"7(/"-::()(/("T'-+6('3("
-++-" ,$'3(" )(++1(27(/&('%-" (2&23('%&-+(>" C-" 3/-2:(')('%-" &//&)8:&B&+(" )(+" D"6$')$"E" /&27(.$"
-++1(2&23('%-" 86-'-" K-" @8(23$" 2&0'&T:-3$!" +1(22(/(" 86-'$" 78L" /(-+&%%-/2&" 2$+$" '(+" 6$')$A"
'$'"7(/:K("(22$"M"8'"78/$"$00(.$A"6-"7/$7/&$"(0+&"M"8'-"2$00(S<&34":K("78L"(27/&6(/2&"
2$+$" &'" /(+-%&$'(" -++1$00(S<&34>" \0+&" MA" )-" 8'" +-3$A" +9)&7"" 5+/')019" 27(:&T:-" 5+&B(/349" (A" )-"
8'1-+3/$"+-3$"7(/LA"@8(23-"-%&$'("'$'"M"'&('3("2('%-"$+33)&7"#X$+33)')01YA"'(+"2('2$"&'":8&"-)"
$0'&" &23-'3(" '$&" 2&-6$" 2$.$6(22&" -++(" :$')&%&$'&" '(++(" @8-+&" -0&-6$" (" 7('2&-6$A" &'" :8&" &+"
'$23/$" (2&23(/(" 2&" &66(/0(" '(++(" :$2(" (" '(0+&" -<<('&6('O" -./-<(/2$" +-" 78/-" 7-22&<&34" )(+"
2('$"5)(&"2('2&9A"T'$"-++-"78/-"7-22&<&34")(++$"23-3$")&"(22(/("5+&B(/34"'(++-":$')&%&$'(9>"C1-.$"
)&" (22(/(" (6(/0(" )-++$" 23-3$" )&" (22(/(>" ?9)&7"# X+/')01Y# "# $+33)&7"# X$+33)')01Y# 3&7&# )# (8"#
","4"7:# 2O"# )7()2+7&# "# 2&4$&7.&7&# ,+# 2&70%+(()9)&7"# "3)30"79)+,"5# j# 7",,-)72"33+70"#
%"2)$%&2)01# (",,+# $+33)')01# "# (",,-+/')01# 2O"# 3)# J&7(+# "# 3)# "3$%)4"# ,-"3)30"79+# 84+7+5#
!-"3)30"79+# 84+7+# 3)# ')'"# 7"2"33+%)+4"70"# 7",# 4&')4"70&# %"2)$%&2&# ()# R8"3:# (8"#
","4"7:>" C18$6$" :(22(/(BB(" )&" (22(/(" 8$6$" 2(A" 7(/" 8'" 6$O<$" @8-+8'@8(A" 8'$" )(&" )8("
(+(6('O"-//&<-22("-"27-/&/(>

F+$)0&,&#66B#
!l?CCE!d@E
?5L#!-)("+#+33&,80+5

M53&.."/')015"

+Y#H&9)&7"#()#4"0+_3)2+5

#(+" 6$')$" )(++1(27(/&('%-"

(2&23('%&-+(A" +18$6$" K-" 8'"
4 & ( &# ( )# " 3 ) 3 0 " % "#
[ # + 3 3 & , 8 0 + 4 " 7 0 " # \#
&%).)7+,"U# 2O"# ,&# ()3:7.8"#
[#%+()2+,4"70"#\#(+,#4&(&#
()# "3)30"%"# ()# 08/# .,)# +,0%)#
"33"%)#(",#4&7(&5"

Q 5# = ) 0 & % 7 &# + , , +# 7 & 9 ) & 7 "# ( )#

2&70%+(()9)&7"5
N8(23-"/(+-%&$'(")1&':(22-'3("/(:&7/$:&34")(++-"7-22&<&34"(")(++1-S<&34A"3/-6&3("
+-" @8-+(" 2&" (27/&6(" +1(2&23('%-" 86-'-A" +-" :K&-6&-6$" 2&70%+(()9)&7"#
"3)30"79)+,"5
N8(23-" )(<(" (22(/(" )&2O'3-" )-++-" 2&70%+%)"01A" :K(" M" 8'-" /(+-%&$'(" )&"
/-77/(2('3-%&$'&A" )&" <-/&-%&$'(" )(++(" )&<(/2(" T08/(" :K(" 7/(')(" +1(2&23('%-"
86-'-")8/-'3("+-"<&3->
\22-" )(<(" -':K(" (22(/(" )&2O'3-" )-++-" 2&70%+(()9)&7"# ,&.)2+A" :K(" )(T'&2:("
2(67+&:(6('3(" (" 7(/" '(0-%&$'(" +-" :$')&%&$'(" 2$.$" +-" @8-+(" M" 7$22&B&+("
)&:K&-/-/(" :K(" )8(" :$'3/-/&" 7$22$'$" :$(2&23(/(" '(++$" 23(22$" 2$00(.$!" (22&"
7$22$'$"2("'$'"2&"7/(2('3-'$"&66()&-3-6('3("2$.$"+$"23(22$"78'3$")&"<&23->"
=&",-.$"+-":$'3/-))&%&$'("+$0&:-"2&"2&38-"28++$"23(22$"7&-'$")(++-":$'3/-/&(34>"C)#
$+%,+#()#2&70%+%)"01#"#()#2&70%+(()9)&7"#,&.)2+#)7#%)J"%)4"70&#+(#87#$870&#()#
')30+>""Y6B()8("-77-/3('0$'$"-+")$6&'&$")(++-"/-77/(2('3-%&$'(A")(&"78'O")&"
<&2O>" C-" '$%&$'(" )&" :$'3/-))&%&$'(" (2&23('%&-+(" '$'" M" 7&]" &'" 3-+(" )$6&'&$A"
7(/:KZ"+1(2&23('%-"'$'"M"8'"78'3$")&"<&23-H"(22-"MA"&',-SA"'$'"2$+-6('3(":&L"-"
7-/O/(")-":8&"38.$"K-",$/2("8'"2('2$A"6-"M"@8(+":K(":(/:-"&+"2('2$")&"383$":&L"
:K("MA":$67/(2-"2("23(22->
*+"3(/6&'(")&":$'3/-))&%&$'("2(/<("-")(2&0'-/(",+#%",+9)&7"#(",,-"33"%"#_7)0&#+#
3"#30"33&#)7#R8+70&#_7)0&>"C1(22(/("T'&3$A"2$.$"+-":-3(0$/&-")(++-"T'&38)&'(A"M"
&'" :$'23-'3(" $77$2&%&$'(" -" 2(" 23(22$H" (22$" M" -.$" )&" '$'" 7$3(/(" '"%+4"70""
/&:$'$2:(/2&"2("23(22$"'(++("/-77/(2('3-%&$'&"-.8-+&"&'":8&"'(:(22-/&-6('3("2&"
(27/&6(>" \22$" '$'" :()(" 7(/L" -++-" 3('3-%&$'(" )&" ,800&/2&" $" )&" 7(/)(/2&" '(++("
/-77/(2('3-%&$'&" 7$&:KZ" @8(23$" 2-/(BB(" 8'" 3('3-/(" )&" 82:&/(" )-++-" 7/$7/&-"
:$')&%&$'(>" C-" 2&38-%&$'(" :$'3/-))&3$/&-" )(++18$6$" $" +-" :$'3/-))&%&$'("
(2&23('%&-+(" M" +1-.$" )&" 6-'3('(/(" &'2&(6(" &'" 8'1(27(/&('%-" <&<('3(" +("
$77$2&%&$'&" /(-+&!" -S<&34" (" 7-22&<&34>" *'" 8'" +&'08-00&$" ,$/6-+(A" +-"
:$'3/-))&%&$'("(2&23('%&-+("M"+1(22(/("T'&3$":K(")&:("+-"28-"$77$2&%&$'("-"2Z"("
&'"@8(23$")&/("'$'"7/(3(')("'Z")&"2$77/&6(/+-"'Z")&")(T'&/+-H"&'"-+3/&"3(/6&'&A"M"
8'-"/(+-%&$'(",/-"2('2$"("'$'_2('2$")(++1(2&23('%->
*+" 2('2$" )(++1(2&23('%-" 86-'-" 78L" (" )(<(" (22(/(" 2:$7(/3$" 2$+$" '(++1-.$" )&"
6-'3('(/(" +-" :$'3/-))&%&$'(" :$6(" 2&-" (27/&6(')$+-" :K(" '$'" (27/&6(')$+->" =&"
:$'2(08('%-A" 2(" +1(2&23('%-" K-" 2('2$A" 3-+(" 2('2$" M" &'" @8(23-" :$'3/-))&%&$'(A"
(22(')$" +1(2&23('%-" :$'3/-))&3$/&->" Y++$" 23(22$" 3(67$" '$'" M" 6(/-6('3(" +-"
:$'3/-))&%&$'(" 7$&:KZ" :1M" +-" :$'3/-))&%&$'(" 0&823-6('3(>" *+" :$':(.$" )&"
:$'3/-))&%&$'(" M" -':K1(22$" :$'3/-))&3$/&$H" (22$" M" 2(" 23(22$" :$6(" -+3/$" )-" 2("
23(22$>" !+# 2&70%+(()9)&7"# "3)30"79)+,"# ()# 2&73".8"79+# S# ,-+;&# 4"()+70"# ),# R8+,"#
,-"3)30"79+#%)2&7&32"7(&#,+#$%&$%)+#_7)08()7"#%)2&7&32"#+,,&#30"33&#4&4"70&#2O"#
R8"30+# _7)08()7"U# ","4"70&# "0"%7&# (",,+# 38+# "33"79+U# 7&7# "3+8%)32"# R8"30+#
"33"79+5" *'" @8-'3$" T'&38)&'(" +1(2&23('%-" '$'" M" -':$/-" 2(" 23(22-A" '$'" :$'$2:("
<(/-6('3("&+"28$"2('2$>"s"@8(23$":K("&+":$':(.$")&":$'3/-))&%&$'(")&:(!"+1(2&23('%-"
M"(3(/'-6('3("T'&38)&'("(A":&$'$'$23-'3(A"'$'"2:$7/("&+"28$"2('2$"-+"+&<(++$")(++-"
578/-9"T'&38)&'(>

c5#!+#$%&W,"4+:2+#(",#0"4$&5

Z5# C&%$+33+4"70&#
(
"
,
,
+#
2&70%+(()9)&7"# )7#
3"#30"33+5
!+# 7&9)&7"# ()# 2&70%+(()9)&7"# 3)# 4&30%+#
(87R8"# +# 7&)# $)8;&30&# 2&4"# 87+#
(&4+7(+# 2O"# 2&4"# )44"()+0+4"70"#
87+# %)3$&30+>" W$.$" @8(23-" :-3(0$/&-A"
+1(22(/("T'&3$"/&:$'$2:(')$"("-::$0+&(')$"
+-" 28-" T'&38)&'(" 2&" 6(.(" &'" @8(2O$'(" &'"
@8-'3$" T'&38)&'(A" &'" @8-'3$" (2&23('%-"
D"78/-6('3("E"86-'->
b-" 7/&6-" )&" -::()(/(" -++-" @8(2O$'(" )(+"
2('2$" -22$+83$" )(++1(22(/(" 86-'$A"
<$0+&-6$" ,-/(" /&2-+3-/(" -':K(A" -./-<(/2$"
+1-'-+&2&" )(++-" 23$/&:&34" )(++18$6$A" +-"
:$'3/-))&%&$'(")(++1(2&23('%-"3(67$/-+(>

?5L#>&%J&,&.)+#7+08%+,"#(",#0"4$&5
C2&$&!")&27&(0-/("+-",$/6-"+$0&:-")(+"3(67$"&'"8'-"-'-+&2&"&',/-_T+$2$T:-":K(",-"-23/-%&$'(")(+"2&0'&T:-3$"

6(3-T2&:$"5(2&23('%&-+(9")(+"3(67$>

K5*)T"%"79)+9)&7"# M5#@"4$&#"#3$+9)&5#
7",# 0"4$&# +72O"#
4):2&5"
N8&" :K&-6&-6$" 6&3$+$0&-" +1-S38)&'(" 7&]" &66()&-3-"
2(:$')$":8&"$0'&"/(-+34"K-"&'"@8-'3$"3-+("<-+$/("&'T'&3$>"
*'" @8(23$" :-2$A" &+" 3(67$" M" :$'2&)(/-3$" :$6(" 8'" :$/2$"
:K("2:$//("&':(22-6('3("2('%-"&'&%&$"'Z"T'(A"8'-")8/-3-"
&')&R(/('%&-3->" N8(23-" :$':(%&$'(" M" 6&3$+$0&:-" 7(/:KZ"
2877$'(" :K(" +18$6$" -BB&-" 7(/" 2(67/(" 7(/2$" +-" 28-"
:$2:&('%-" )&" (22(/(" T'&3$" $" :K(" '$'" +1-BB&-" 6-&" -<83->"
\22-"(27/&6("+-"'$23-+0&-")(++18$6$A"+1$77$2&%&$'(",/-"&+"
<-+$/("-22$+83$"("+-",80-:&34")(++18$6$"("&+"28$")(2&)(/&$"
)(++-"2-+<(%%->
*+" 3(67$" 6&O:$" 7(/L" M" 8'-" )8/-3-" :K(" <-" -" 7(/&$)&A"
3(67&" )(B$+&" (" 3(67&" ,$/O>" =8'@8(A" 0&4" '(+" 3(67$"
6&O:$A" &+" :$':(.$" )&" 3(67$" &67+&:-" '(:(22-/&-6('3("
)&2O'%&$'&" &'" 2(>" W(" :K&-6&-6$" @8(23(" )&<&2&$'&"
6$6('O" $" &23-'OA" ),# 0"4$&# 3)# $%"3"70+# 2&4"# 87+#
3822"33)&7"#()#)30+7:#&#()#4&4"7:5

=-+" 78'3$" )&" <&23-" )(++(" /-77/(2('3-%&$'&" :1M" 8'-"

2$6&0+&-'%-",/-"&+":$':(.$")&"3(67$"("@8(++$")&"27-%&$>"*+"
3(67$" 2&" 7/(2('3-" :$6(" 8'-" 28::(22&$'(" )&" &23-'O"
:$6(" +$" 27-%&$" 2&" 7/(2('3-" :$6(" 8'-" 28::(22&$'(" )&"
+8$0K&>"
l/-"+(")8("/-77/(2('3-%&$'&":1M"&''-'%&38.$"8'",".+4"#
%"2)$%&2&>" U-77/(2('3-/2&" &+" 3(67$" M" '(:(22-/&-6('3("
:$++(0-/2&"-++$"27-%&$A":&$M"&':+8)(/("&+":$':(.$")&"27-%&$"
&'" @8(++$" )&" 3(67$>" W&6&+6('3(A" 7('2-/(" +$" 27-%&$" M"
'(:(22-/&-6('3("/&,(/&/2&"-+"3(67$>
#-38/-")&"@8(23$"/-77$/3$")&"/(:&7/$:&34>"H&7#2&"3/-.-")&"
87# %+$$&%0&# ()# %"2)$%&2)01# "R8)'+,"70">" Y+" :$'3/-/&$A"
4"70%"#,&#3$+9)&#S#%"'"%3)W),"U#),#0"4$&#S#)%%"'"%3)W),"5#
i8"30&#()'"7)%"#)%%"'"%3)W),"#(",,+#2&32)"79+#3)#"3$%)4"#
7",,+# ()'"%3)_2+9)&7"# "0"%&."7"+# (",# 0"4$&# )7# 0%"#
","4"7:" 5&'" $77$2&%&$'(" -++1$6$0('(&34" )(++$" 27-%&$" ("
-++-" 28-" '(83/-+&349>" P$'2&)(/&-6$" &" 3/(" (+(6('O" &'"
@8-'3$"T08/(":$//(+-3(>

P5#C0%8;8%+#,&.)2+#
X7+08%+,"Y#(",#0"4$&5
P5K5#6,#<%"3"70"5

P5M5#6,#<+33+0&5

P$'2&)(/-%&$'("7/(<&-!"2("+(":$2("K-''$"&+"
+$/$"7/$7/&$")&<('&/(A"@8(23$")&<('&/("78L"
(22(/(" 3(67$/-+(" 2$+$" &'" /&,(/&6('3$" -+"
)&<('&/("27(:&T:$")(++-":$2:&('%-A"&+"@8-+("
2$+$" M" <(/-6('3(" 3(67$/-+(" 5Y/&23$3(+(A"
W&8&=6,"*gA"Gz"`"Gc"hFGvBFk"`"FFc-Gvi9>"C-"
'-38/-" 27-%&-+(" &'" @8-'3$" 3-+(" &0'$/-" &+"
3(67$H" :1M" 3(67$" 2$+$" 0/-%&(" (" 7(/" 8'-"
:$2:&('%-A"7$&:KZ"&'"/(-+34":1M"3(67$"2$+$"
7(/" +-" :$2:&('%-" 5Y0$2O'$A" J!/>#88&!/&A"
e*A" Gc" `" Jz9>" 6,# 0"4$&# S# 4&(+,)01#
(",,-"3)30"%"#84+7+A"6$)-+&34":K("B-23-"-"
)&2O'08(/+$" )-0+&" -+3/&" D"(22('O"E>" !+#
2&32)"79+# 84+7+# S# ),# 3&,&# 3&..";&#
0"4$&%+,"#(",#4&7(&5"
W(" :1M" 3(67$" &'" /-77$/3$" -)" 8'-"

6 ,# $ + 3 3 + 0 &# S# ) 7 7 + 7 9 ) 0 8 ; &# 8 7 +#
%+$$%"3"70+9)&7"# (",# $%"3"70"A" &+"
7 / ( 2 ( ' 3 (" ) & < ( ' 8 3 $" : $ 6 (" & '"
8'1&66-0&'(A"&'"8'":$':(.$>"*'"(R(SA"
&+" 7/(2('3(" &'" @8-'3$" 3-+(" '$'" M"
: $ ' $ 2 : & 8 3 $ A" ( 2 2 $" M" + 1- . 8 - + & 3 4"
)(++1(2&23('%-" '(++-" 28-" 3/-2:(')('%-"
/&27(.$" -++(" /-77/(2('3-%&$'&>" N8-')$"
7-/+&-6$" )(++-" 2&7&32"79+# $&3):'+A"
7-/+&-6$" )(+" 7-22-3$H" :1M" :$'$2:('%-"
57$2&O<-9" 2$+$" )(+" 7-22-3$>" ?(/" @8(23$"
-':K(" '$'" :1M" /-77/(2('3-%&$'(" )(+"
,838/$" &'" @8-'3$" /-77/(2('3-%&$'("
78/-6('3("7$2&O<-H"+1(2&23('%-"7/$&(.-"
+1-<<('&/(" 8O+&%%-')$" +1(27(/&('%-"
-'3(/&$/(>
P1M":$'$2:('%-"7$2&O<-"2$+$"0/-%&("-++-"
6()&-%&$'(" )(+" 7-22-3$A" 7(/:KZ"
:$'$2:(/(" M" '(:(22-/&-6('3(" /&,(/&/2&"
-)" 8'" D"(22(/(" 23-3$"E>" h*+" ,-2:&'$" )(++-"
6(6$/&-A")(++1-.$")&"/&:$/)-/(i>
=&/(" :K(" &+" 7-22-3$" M" &+" 7/(2('3("
/-77/(2('3-3$" M" /&:$'$2:(/(" :K(" +-"
/-77/(2('3-%&$'(" M" +(0-3-" :$'" 8'" -.$"
57/(2('3(9" :K(" +-" 7/$)8:(>" 6,# $+33+0&#
7 & 7# S# ( 8 7 R 8 "# 3 & , &# , +#
%+$$%"3"70+9)&7"# ()# 87# $%"3"70"# 2O"#
7&7#S#X$)kYU#4+#S#87#+;&#()#"3)30"79+U#
2)&S# 87# $%"3"70"# +;8+,"" 5+1-.$"
D"7/(2('3("E" )&" /&:$/)-/(" :K(" 7/$)8:("
+-" /-77/(2('3-%&$'(" )(+" 7/(2('3("
7-22-3$9>
?$&:KM" 6,# $+33+0&# S# 87+# 4&(+,)01# (",#
$%"3"70"A" +-" '-38/-" )(++1(2&23('%-"
3(67$/-+("'$'"M")-":(/:-/(")-+"+-3$")(+"
7-22-3$"&'"@8-'3$"3-+("(A"'(66('$A")-+"
+-3$")(+"7/(2('3("&'"@8-'3$"3-+(A"6-"&'"
8'-" /(+-%&$'(" /(:&7/$:-" )(+" 7/(2('3(" ("
)(+" 7-22-3$A" 7/(:&2-6('3(" &'" 8'-"
/(+-%&$'(" )&" 7/(2('%-" -" 2(" 23(22-"
:$2O38O<-")(++1(2&23('%->

:$2:&('%-A" @8(23-" M" (22('%&-+6('3("

2(67/(" :$2:&('%-" )&" @8-+:$2->" P1M"
<&3-" )(++-" :$2:&('%-" 2$+$" &'" 8'-"
/(+-%&$'(" )&" -+3(/&34>" ?(/" )&/+$" &'"
B /( <( A" 7 & 7# 2 -S# 0" 4 $ &# 3 " 7 9+#
%+$$%"3"70+9)&7"" 5(" )&" :$'2(08('%-"
'$'":1M"3(67$"2('%-"27-%&$9>
V /-A" $0'&" /-77/(2('3-%&$'(" M"
'(:(22-/&-6('3(" +30%+9)&7"A" 2:(+3-A"
-R(/6-%&$'(" )&" 8'-" :$2-" 3/-6&3(" +-"
'(0-%&$'(")&"3-'3("-+3/(>"i8"30&#+;&#
( )# + T " % 4 + % "# 8 7# + , 0 % &# $ " %#
()T"%"79)+9)&7"# 2&7# ,+# 48,:$,)2)01#
(".,)# +,0%)U# S# R8",# 2O"# 2O)+4)+4&# ),#
$%"3"70"5
"*+":$':(.$")&"7/(2('3("M")8'@8("+(0-3$"
-++-" '$%&$'(" )&" D"7/(2('3-%&$'("EA" )&"
D"/-77/(2('3-%&$'("E>" P1M" 7/(2('3(" 7(/"
+-" :$2:&('%-" @8-')$" @8-+:$2-" 2&"
$%"3"70+" -)" (22-A" $A" &'" @8-+:K("
6-'&(/-A" -)" (22-" M" $%"3"70+0+>" *+"
:$':(.$" &67+&:-" 7(/" 2(" 23(22$" 8'"
+ ( 0- 6 (" - 0 + &" $ 0 0(S _ ' ( + _ 6 $ ' ) $A"
-++1(22(/_:&" )(0+&" $00(S>" ?/(2('3(" K-"
)8'@8("&+"2('2$",$/3(")&"$%"3"79+A"'$'"
2$+$")&"8'-"/-77/(2('3-%&$'(A"6-")&"8'"
+;&# &%).)7+,"# $%)4&>" !+# 7&9)&7"# ()#
$%"3"79+#2&4$&%0+#87+#(&$$)+#J+22)+!"
( 2 2 -" 6 & / -" -" ( 2 7 / & 6 ( / ("
:$'3(67$/-'(-6('3(" ,+# $%"3"79+#
(",,"#2&3"#+,,+#2&32)"79+#"#,+#$%"3"79+#
(",,+#2&32)"79+#+,,"#2&3">
N 8 ( 23-" 7 /( 2 ( ' %-" ) &" 8 '" ( 2 2 ( /("
)(3(/6&'-3$" )(++-" :$2:&('%-" '$'" M" 8'"
7 8 /$" D " 2 ( 6 7 /( " E >" C -" :$ 2 : & ( ' %-"
&'2$))&2,-.-" )&" 3-+(" $00(.$" K-" &+"
7$3(/(" )&" 68$<(/2&" (" )&" <$+0(/2&" <(/2$"
8'" -+3/$" $" -':K(" <(/2$" +$" 23(22$"
)&<(/2-6('3(>" \)" M" :$2^" :K(" 8'" +,0%&"
$%"3"70"" <&('(" -++-" :$2:&('%->" W$.$"
@8(23$" -27(.$A" &+" ()'"7)%"# (",,+#
2&32)"79+# 2)# +$$+%"# 2&4"# 87+#
3822"33)&7"# ()# [#$%"3"7:"E>" #$&"
:K&-6&-6$")30+7:#@8(2O"D"7/(2('O"E"&'"
@8-'3$" 2$'$" -23/-S" )-++-" 3/-6-" )(+"
)&<('&/(>" C1&23-'3(A" :$6(" " 7/(2('3("
2(7-/-3$A" M" +1(+(6('3$" :$2O38O<$"
)(++1(27(/&('%-" '-38/-+(" )(+" 3(67$>" j#
$%"2)3+4"70"# +;%+'"%3&# R8"30&#
2&72";&# ()# )30+70"# 2O"# ),# $%"3"70"# 3)#
&T%"# +# 7&)# 7",,+# 38+# &%).)7+,)01#
$%&$%)+U# $"%# ()3:79)&7"# %+()2+,"# 2&7# ),#
$+33+0&# "# ,-+''"7)%"!" @8(23$" M" :&L" :K("
/$67("+-"72(8)$_:$'O'8&34>
*+" 7/(2('3(A" 2$.$" +1-27(.$" )(++1&23-'3(A"
M" )&" 38.1-+3/$" $/)&'(" 5M" $/&0&'-+(9" :K("
0+&"-+3/&")8("(+(6('O")(+"3(67$>"s")&"8'"
$/)&'(" 3/-2:(')('3(" /&27(.$" -++("
/-77/(2('3-%&$'&A" )(++1$/)&'(" )(++1-.$"
(2&23('%&-+(H" M" &+" 6$)$" )&" 7/$<-/("
+1(2&23('%-H" 7&]" (2-.-6('3('3(A" (22$" M"
&'" 8'" :(/3$" 6$)$" +1(27(/&('%-" 23(22-"
)(++1(2&23('%->" ;8.-<&-" '$'" M" 38.-"
+1(27(/&('%-H" @8(2318+O6-" 7(/L" 78L"
(22(/(")(2:/&.-"2$+$"2("+1&23-'3("M":$+3$"
:$6(" /$.8/-" 6-" &'" /(+-%&$'(" :$'" 0+&"
-3/&" 6$6('O" )(+" 3(67$" 5:$6("
7/(2('3(" $77$23$" -+" 7-22-3$" ("
-++1-<('&/(9>

P$6(":$'$2:('%-"7$2&O<-A"),#$+33+0&#S#,+#
'"%)01# (",# $%"3"70">" N8(23$" 2&0'&T:-" :K("
&+"7-22-3$A"B(':KZ"2&-"'(0-%&$'(A"M"-':K("
7 $ 2 & % & $ ' ( >" A 3 3 &# S# ) 7# " T " /# ) ,#
%)2&7&32)4"70&# 2O"# ,-+;8+,)01# (",#
$%"3"70"# 7&7# S# $8%&# 7)"70"U# $&)2O]# ),#
$+33+0&#S#),#$%"3"70"#2O"#3&$%+'')'"#+#3"#
30"33&U# ),# $%"3"70"# 2O"# $"%3)30"5# *+"
7-22-3$A" &'" @8-'3$" (<('3$" 5<&2283$9A" M"
7-22-3$"5'$'"M"7&]9H"&+"7-22-3$A"&'"@8-'3$"
2('2$" 5+&B(/-%&$'(" )18'" (22('%&-+(" 7(/" +-"
<&3-9A" 7(/2&23(>" C-" 6(6$/&-" M" 8'-"
2$7/-<<&<('%-" )(++1(2&23('%-A" B('" )&" 7&]"
8'-":/(-%&$'(>"
P&$'$'$23-'3(A"2("&+"7-22-3$"M"+-"<(/&34")(+"
7/(2('3(A" (22$" +$" M" &'" 6$)$" 7".+:'&>"
C1(<$:-%&$'(" )(+" 6&$" (22(/(_7-22-3$A" :K("
M"8'-"/(-+(":$'$2:('%-")&":&L":K("&$"2$'$A"
M"6$+3$"7&]"8'-":$'$2:('%-")&"@8(+":K("&$"
' $ '" 2 $ ' $" 5 7 & ] 9 >" # ( + + 1- . 8 - + & 3 4"
6 ( 6 $ / & % %- ' 3( A" & $" 2 7 ( / & 6 ( ' 3$" + $"
2+&3-6('3$":K(":1M",/-"7/(:&2-6('3("&+"6&$"
-.$" (" +1&66-0&'(" :K(" 2&" 7/(2('3-" -" 6(>"
P1M"8'-"'$'_:$&':&)('%-")(+"6&$"(22(/("("
)(+"6&$":$'$2:(/(>
P1M")8'@8(",/-"&+"7-22-3$"("&+"7/(2('3("8'-"
)&23-'%-" &66('2->" C"# ),# $+33+0&# 7&7# S# ),#
W+%+0%&# )7# 28)# ')"7"# )7.O)8/0+# ,+# 4)+#
')0+U# 7&7# S# 7"44"7&# ),# $+33+..)&# $8%&U#
2)&S#),#b833&#2&7:78&#2O"#,".O"%"WW"#,+#
4)+# "3)30"79+# +# 38&# 4&(&# "# J&7("%"WW"#
)7# 87+# 3&,+# 0%+4+# )# (8"# ","4"7:# (",#
0"4$&5" ?/&6-" )&" :(/:-/(" +-" <(/-" '-38/-"
)(++-"/(+-%&$'(",/-"&+"7-22-3$"("&+"7/(2('3(A"
)(2:/&<&-6$"+-"23/8.8/-"7/$7/&-")(+"3(/%$"
6$6('3$>

P5P5#6,#D808%&5
*+" :$':(.$" )&" ,838/$" M" &67+&:&3-6('3("
:$'3('83$" '(+" )&-+$0$" ,/-" &+" 7/(2('3(" ("
&+"7-22-3$!"&+"7-22-3$A"2$.$"8'$")(&"28$&"
-27(SA" M" &'" (R(S" +-" /(28//(%&$'(" )(+"
7/(2('3(A" 8'" 2(:$')$" 7/(2('3(" &'"
/-77$/3$" -+" 7/&6$" 7/(2('3(>" P$6("
/&:$'$2:&-6$" &+" 7/&6$" 7/(2('3(" :$6("
8'"7-22-3$"&'"/-77$/3$"-+"2(:$')$A":$2^"
7$22&-6$"/&:$'$2:(/(":K("@8(2318+O6$"
(/-" 8'" -<<('&/(" &'" /-77$/3$" -+" 7/&6$>""
=-++-" 2(67+&:(" /&j(22&$'(" )(+" 7-22-3$"
-77-/("+-"'$%&$'(")(+",838/$>"*+"7-22-3$"
M"2(67/("-<_<('&/(>"Y':K("2("7-/+&-6$"
7-/-)$22-+6('3(" )(++1-<<('&/(" &'"
/-77$/3$"-+"7-22-3$A"+-"/&j(22&$'("&')&:-"
0&4" &+" +(0-6(" :K(" 8'&2:(" &+" 7-22-3$"
-++1-<<('&/(>" \2-6&'&-6$" @8(23-"
/(+-%&$'(" )(+" 7-22-3$" -++1-<<('&/(A" :K("
-77-/&/4" :$6(" 8'-" /(+-%&$'(" )&"
/(:&7/$:&34>"
*''-'%&38.$" M" 6-'&,(23$" :K(" 7&7# 2-S#
$+33+0&# 3"79+# +''"7)%"# 5)(+" 7/(2('3(9>"
=&/(" :K(" &+" 7-22-3$" M" 8'" 7/(2('3("
)&<('83$A" M" )&/(" :K(" &+" 7/(2('3(" K-" +-"
7/$7/&(34")&"D"7-22-/("E":$2^A"(")8'@8(A"
:K(" "33&# O+# ,+# $&33)W),)01>" *+" 7/(2('3("
'$'" M" 2(" 23(22$" 2('%-" -<<('&/(" 7$&:KZ"
,-+''"7)%"# S# ),# ,8&.&# (",# $&33)W),">"
?$3(/(" )&<('&/(A" 7$3(/(" 7-22-/(A" M"
@8(23$" &+" ,838/$>" ;8.-<&-A" 2$.$" @8(23$"
-27(.$A"&+"7-22-3$"M"&+",838/$":K("'$'"M"
7&]A" :K(" 6$/)(" :$23-'3(6('3(" T'$" -+"
+&6&3(" )(+" 7/(2('3(" 7(/" 27&'0(/+$"
' ( + + 1 - < < ( ' & / (" : K (" - 7 7 - / ("
D " 7 - / - ) $ 2 2 - + 6 ( ' 3 ( " E" : $ 6 (" 8 '"
D"-<-'%-6('3$"E" :K(" M" 8'" D"-')-/("
&')&(3/$"E>"P1M")8'@8("&')&22$+8B&34")(+"
7-22-3$"(")(+",838/$
H&7# 2-S# $"%V# 7"44"7&# +''"7)%"# 3"79+#
$+33+0& >" #$'" 2$+$" '(+" 2('2$" :K("
+1-<<('&/(" :-)(" '(:(22-/&-6('3(" '(+"
7-22-3$A" 6-" '(+" 2('2$" :K(" ,-+''"7)%"# S#
3"4$%"# 0%)W80+%)&# (",# $+3+0&5# C1-<<('&/("
'$'" 2&" $77$'(" -+" 7-22-3$" :$6(" D":&L" :K("
'$'" M" -':$/-"E" -" D":&L" :K(" 0&4" ,8"E>"
N 8 ( 2 3 -" $ 7 7 $ 2 & % & $ ' (" M" / ( - + (" ("
&'2$77/&6&B&+(A" 6-" -':KZ" 2(" M" /-)&:-+(A"
'$'" M" &66()&-3-6('3(" -22$+83->"
C1-<<('&/(" &'" @8-'3$" -<<('&/(" /&6-'("
)&7(')('3(")-+"7-22-3$A":$6("&+"7-22-3$"M"
8'" )&<('&/(" )(+" 7/(2('3(>" *+" 7-22-3$" ("
+1-<('&/("2$'$"(22('%&-+6('3(")(&"/(+-O<&A"
)(0+&" (+(6('O" &'" /(+-%&$'(>" <&)2O]#
,-+''"7)%"# S# 3"4$%"# 3&,&# 87# +''"7)%"#
( "0" % 4 ) 7 +0&U# S# 7 " 2 " 3 3 + % ) + 4 " 70"#
+$$&.)+7(&3)# 38# ()# 87# ')3380&# 2O"# "33&#
+%%)'+#&#2O"#S#)44+.)7+0&5
C-"27(:&T:&34")(+",838/$>";8.-<&-A":$6("&+"
7-22-3$" M" &//&)8:&B&+(" -+" ,838/$A" 7$&:KZ" &+"
7-22-3$" &'" @8-'3$" -<<('&6('3$" :K(" ,8"
<&2283$" '$'" /&3$/'(/4" 6-&A" -" 28-" <$+3-"
+1-<<('&/(" M" &//&)8:&B&+(" -+" 7-22-3$!" (22$" M"
7/$7/&$" +1(+(6('3$" )(+" 3(67$" :K(" '$'"
:(22-" )&" 2$7/-< <&<(/(" -" 38.(" +("
& 6 7 ( / , ( % & $ ' & A" 2 : - : : K & A" 6 $ / O" ("
2(77(++(6('O>" s" 7(/" @8(23$" :K(A" 3&;&#
0+,"# +3$";&# &%).)7+,"U# ,-+''"7)%"# S#
) % % + $ $ % " 3 " 7 0 + W ) , " U# 7 $ & : K Z" : 1 M"
/-77/(2('3-%&$'(" 2$+$" '(+" 7-22-3$" &'"
@8-'3$" 3-+(>" C1-<<('&/(" '$'" M" 2$+-6('3("
:&L" :K(" '$'" M" -':$/-" 6-" -':K(" &'" 8'"
:(/3$" 6$)$" :&L" :K(" '$'" 2-/4" 6-&>" p'$"
)(0+&"(+(6('O"(22('%&-+&")(+",838/$"M":K("
(22$" 2&-" &'" 7-/3(" 2(67/(" D"&//(-+("EA"
2(67/(" D"&//(-+&%%-B&+("E>" 6,# '&,0&# $%&$%)&#
(",,-+''"7)%"# S# ()# "33"%"# ),# %)b"33&#
(",,-"33"%"# )7# R8+70&# $&33)W),">" C-"
)(2:/&%&$'(" 6(.(" :$2^" &'" (<&)('%-" &+"
7-/-)$22$":K(":&"27&'0("-":(/:-/("&+"2('2$"
)(+"3(67$

K5L# <+33+0&# "# +''"7)%"# M5L# 5# ?,,+# %)2"%2+# (",# 3"73&# (",#
3 & 7 &#
( 8 "# 0"4$&5
% + $ $ % " 3 " 7 0 + 9 ) & 7 )#
+7:7&4)2O"# (",,-+;&# C2&$&B" *+" 7-22-3$" (" +1-<<('&/(" 5:$'$2:('%-" (" -%&$'(9" K-''$" &'"
:$68'(" &+" ,-.$" )&" (22(/(" 7/(2('%-" &'3(/7$23-A" /-77/(2('3-%&$'(>"
$%"3"70"5#
N8-+(" &+" 2&0'&T:-3$" )&" @8(23$" )&27&(0-6('3$" )(+" 7/(2('3(" '(++("
#(++-" 28-" 23/8.8/-" '-38/-+(A" &+" 3(67$" '$'" 2&"
7/(2('3-"'Z":$6("8'-"2(/&(")&2:$'O'8-")&"&23-'O"
78/&A" '(66('$" :$6(" 8'" 3(2283$" /&:-6-3$" )&" 3/("
6$O<&" :K(" 2-/(BB(/$" &+" 7-22-3$A" &+" 7/(2('3(" ("
+1-<<('&/(>" a&2$0'-" (<&3-/(" +-" 3('3-%&$'(" 2&-"
)1&2$+-/("+1-.8-+&34")-++("28(")(3(/6&'-%&$'&A"2&-")&"
:$',$')(/("&+"3(67$":$'"+("28("/-77/(2('3-%&$'&>
C1(27(/&('%-" )(++1-.$" 7/(2('3(" 6$23/-" :K("
+1&23-'3("M"8'"7/(2('3(":K("(27+$)("("2&")&27&(0-"&'"
)8(" 6-'&,(23-%&$'&" -'O3(O:K(!" +1-<<('&/(" (" &+"
7-22-3$>"N8(23(")8("6-'&,(23-%&$'&"(27/&6$'$"&'"
(R(S" )8(" 6$)-+&34" )(++1-.$" 7/(2('3(" :K("
21&67+&:-'$" 6838-6('3(A" 2&" 2$</-77$'0$'$"
7-/%&-+6('3(" (" )&" :$'2(08('%-" 2&" 287(/-'$" &'"
6$)$"&//&)8:&B&+(>
*+" 7-22-3$" M" 2^" +-" 7/(2('%-" )(++-" /(-+34" 6-" '$'"
2$.$"+-",$/6-")(++-"/(-+34"&'"@8-'3$"3-+(A"7$&:KZ"&+"
7-22-3$" M" )(++1$/)&'(" )(++-" :$'$2:('%-" (" '$'"
)(++1$/)&'(" )(++1(22(/(>" *+" 7-22-3$" M" )8'@8("
:$'3(67$/-'(-6('3(" 7/(2('%-" (" -22('%-A"
7$2&%&$'("("'(0-%&$'(>"\22$"7/(2('3-"+1(<('3$"-++-"
:$2:&('%-"@8-')$"+1(<('3$"'$'"M"7&]>"*+"7-22-3$"M"
8'-")(/&<-%&$'(")(++1(2&23('%-"("'$'"+1(2&23('%-"&'"
@8-'3$"3-+(>

C1-<<('&/(" M" -':K(" 8'-" )(/&<-%&$'(A" 6-" 8'-"

)(/&<-%&$'(" &'" -<-'OA" 8'-" 7/$&(%&$'(>" P$6(" &+"
7-22-3$A" (22$" M" 8'1(6-'-%&$'(" )(++1(2&23('%-A"
6-"'$'"+$"M"'(++$"23(22$"$/)&'("$"'(++$"23(22$"
2('2$>"Y':K1(22$")&:("+1-22('%-"("+-"7/(2('%-A"&+"
7$2&O<$"("&+"'(0-O<$A"(27/&6(')$"&+")(2&)(/&$"("
+-" :(/3(%%-" )(++-" :$2:&('%-" 2(:$')$" +-@8-+(" +-"
/(-+34"-.8-+("'$'"M"-':$/-"7&('-6('3("/(-+34"
7(/" +-" :$2:&('%->" C-" 28-" )&R(/('%-" :$'" &+"
7-22-3$" M" :K(" +1-<<('&/(A" &'" <(/&34A" 7&7" ()2"#
-22('%-" (" 7/(2('%-" 7$&:KZ" '$'" M" )(++1$/)&'("
)(+" )&/(" (" )(+" /-::$'3$>" >"70%"# ),# $+33+0&# 3)#
3)08+# +,# ,)'",,&# (",,+# 2&7&32"79+U# ,-+''"7)%"# 3)#
3)08+# +,# ,)'",,&# (",,-+9)&7"5" C1-<<('&/(" 2877$'("
,$/2(" +-" :$'$2:('%-" (" -':K(" 8'-" :$'$2:('%-"
)(3(/6&'-3-"5-+6('$"7(/"+1-S<&34"86-'-9A"6-"
+-" /-77/(2('3-%&$'(" :$2^" 7/$)$.-" M" &'" <&23-"
)(++1-0&/(>"b('3/("&+"7-22-3$"M"+(0-3$"-++1-.$")&"
(<$:-%&$'(A"+1-<<('&/("M"+(0-3$"-++1-.$")&"D"7/$_
<$:-%&$'("E>

28(")8("6$)-+&34["?(/"-R(//-/("&+"2('2$")&"@8(23$")&27&(0-6('3$A"
B&2$0'-" /&3$/'-/(" )-++-" 6$)-+&34" -++-" 7/(2('%-A" )-+" 7-22-3$" ("
)-++1-<<('&/("-+"7/(2('3(>

+Y#!+#$%&W,"4+:2+#(",#0"4$&#S#"3)30"79)+,"5

*+" 3(67$" '$'" M" 2$+$" 8'-" :$')&%&$'(" )&" 7$22&B&+&34" )(++1(27(/&('%-"
5n-'39A" 7$&:KZ" '$'" 2&" 78L" 2:&')(/(" +1(27(/&('%-" (" +(" :$')&%&$'&"
'(++(" @8-+&" @8(23-" (27(/&('%-" 2&" ,-" (" 2&" (27/&6(>" C1(27(/&('%-" M"
(27(/&('%-")&"38S"0+&"(+(6('O":$2O38O<&"(A")8'@8("-':K(A")(++("
:$')&%&$'&" :K(" +-" /(')$'$" 7$22&B&+(>" *'" @8(23$" :-2$A" &+" 3(67$" M"
:$')&%&$'(")(++1(27(/&('%-A"$"6(0+&$A"&+"3(67$"M"+1(27(/&('%-")(++-"
:$')&%&$'(" $" M" +1(27(/&('%-" &'" :$')&%&$'(>" W&" 7-22-" :$2^" )-+"
:$':(.$" /&j(22&<$" )&" :$')&%&$'&" )&" 7$22&B&+&34" -+" :$':(.$"
(2&23('%&-+(" )&" :$')&%&$'(" :K(" 2&0'&T:-" 2&38-%&$'(>" *+" 3(67$" M" +-"
2&38-%&$'(" )(++1(2&23('%-" 86-'-A" $" 6(0+&$A" ,-"3)30"79+# S#
"33"79)+,4"70"# 0"4$&%+,"U# ,-"3)30"79+# S# 0"4$&>" *'" (R(S" 'Z"
+1-<<('&/(" 'Z" &+" 7-22-3$" &'" @8-'3$" 3-+&" 2$'$" <(/-6('3(" &+" 3(67$H"
(22&"+$"2$'$"2$+$"0/-%&("-+"7/(2('3(":K("+&"8'&2:("("+&")&2O'08(>" A#
R8"30&# $%"3"70"# 7&7# S# +,0%&# 2O"# ,-"3)30"79+# 30"33+# 7",,+# 38+#
+;8+,)01U#7",#38&#+;&#()#$%"3"79+#+,,+#%"+,01#X="+,01Y5#
N8(23$"-.$")&"7/(2('%-"7(/L"M"8'"7/(2('3(":K("2('%-"7$2-"2$/0("("2('%-"
7$2-"2<-'&2:(A"2(67/("&'(R-B&+("("38.-<&-"2(67/(")&27&(0-3$"'(+"7-22-3$"
("'(++1-<<('&/(":K("'("2$'$":$6("+(")8("-+&"&')&27('2-B&+&"("2@8&+&B/-3(>"*+"
7/(2('3(" M" $/-" /&:$'$2:&83$" :$6(" 8'" 7/(2('3(" 7-22-3$A" 6-" @8(23$"
7/(2('3(" 7-22-3$" M" (22$" 23(22$" 2$+$" 8'-" /&7/(2-" )&" 8'" '8$<$" -.$" )&"
7/(2('%-" :K("2&"7/$&(.-" :$6("-<_<('&/(>" \778/(" @8(23$" -<_<('&/(" '$'"M"
-+3/$"-':$/-":K("+1-.$")&"7/(2('%-A"7$2&%&$'(")&"2("23(22$"'(++-"'(0-%&$'("
)&" 2(" 23(22$>" *+" 7-22-3$" (" +1-<<('&/(" &'" @8-'3$" 3-+&" '$'" 2$'$" '"%+4"70""
+1-.$")&"7/(2('%-A"(22&"2$'$"&':-7-:&")&"2$77$/3-/("&+"7(2$")(++-"7/(2('%->"
;8.-<&-" &+" 7/(2('3(" '$'" M" '8++-" 2('%-" @8(2O" )8(" 6$6('O" :K(" +$"
:$2O38&2:$'$>" C1(2&23('%-" '$'" 78L" ,(/6-/(" @8(23-" )8/-3-" 2(67/(" &'"
T22&$'(A" -" 6('$" :K(" '$'" 2&" -//(2O" (22-" 23(22-A" 7$&:KZ" (22-" M"
(22('%&-+6('3("3(67$>
P$2^" :$23-'3(6('3(" /&':K&82$" &'":(/:K&$A":$23-'3(6('3(" )&27&(0-3$" '(++-"
28-" +&'(-A" +1-.$" )&" 7/(2('%-" '$'" :(22-" )&" B-.(/(" :$6(" 8'1(27(/&('%-"
2(67/(" )(+82-A" 2(67/(" /&'-2:('3(>" C1(2&23('%-" 86-'-" 6-'&,(23-" 8'-"
23/-'-",/-0&+&34"-++$"23(22$"3(67$":K("8'-"23/-'-",$/%-A"(22-"'$'"26(.(")&"
,-/2&"(")&2,-/2&>"C1(27(/&('%-"(2&23('%&-+("M":$2O38&3-")-+"2T'&6('3$"(")-++-"
/&28//(%&$'(" :K(" 2$'$" +(" )8(" :-/-.(/&2O:K(" )(+" 7/(2('3(>" P$'" :&L" 2&"
-R(/6-",-+4W)'+,"79+#(",#0"4$&U#,+#J&%9+#"#,+#("W&,"99+#(",,-"3)30"79+#
0"4$&%+,"U#,+#38+#+9)&7"#"#,+#38+#$+33)&7"5

WY# 6,# 0"4$&# S# ,+# 2&70%+(()9)&7"# "3)30"79)+,"#

$%&$&30+#"#')3380+#()#$"%3&7+5
P$6(" -+" +&<(++$" )(++1(22(/(_'(+_6$')$A" 2&" /&:$'$2:(" @8&" +$" 23(22$"
7/$:(22$")(++-":$'3/-))&%&$'("(2&23('%&-+(>" *'"(R(SA",-+7+,):2+#(",,+#
0"4$&%+,)01# 84+7+# 7&7# S# +,0%&# 2O"# ,-+7+,):2+# (",,+# 2&70%+(()9)&7"#
"3)30"79)+,"#)7#08;+#,+#38+#"30"79)&7">" *+"3(67$"'$'"M"8'"7/$B+(6-"
$+%:2&,+%"" 7(/" +1(2&23('%-A" (22$" '$'" M" 87+# 7/$B+(6-O:-A" 6-" ,+"
7/$B+(6-O:-" )(++1(2&23('%-" $" ,-"3)30"79+# 3"# 30"33+# )7# R8+70&#
$%&W,"4+:2+>
Y+" 3(/6&'(" )(++1-'-+&2&" )(++-" :$'3/-))&%&$'(" (2&23('%&-+(" -+" +&<(++$"
)(++1(22(/(_'(+_6$')$" -BB&-6$" /&:$'$2:&83$" :K(" ),# 3"73&#
(",,-"3)30"79+# 84+7+# $8V# "33"%"# 32&$"%0&# 3&,&# 7",,-+;&# ()#
4+70"7"%"# )# (8"# ","4"7:# 2O"# "3$%)4&7&# R8"30+# "3)30"79+# "# 2O"#
,-"3$%)4&7&#2&4"#7&7#"3$%)4"7(&,+>"?$22&-6$")&/(")&":$'2(08('%-"
()"M"+-"23(22-":$2-!",-+;&#()#$%"3"79+#2O"#S#,-"3)30"79+#$8V#2&4$)"%3)#
3&,&# 2&4"# [#0)." '&" 121.#\U# 2)&S# 2&4"# $%"3"70"# %)2&7&32)80&#
2&30+70"4"70"# 7",# $+33+0&# "# ,-+''"7)%"# 2&4"# +,0%&# (+# ,8)5# d7+#
$%"3"79+#S#87-+33"79+U#"#[#)&#\#S#87#[#+,0%&#\5
PK("2&0'&T:-"7(/L"+-"/(+-%&$'(")(++-"7/(2('%-"-++("28(")(3(/6&'-%&$'&A"
:&$M"@8(23$"D"(22(/("-+3/$"E"5@8(23$"(22(/("2Z"&'"@8-'3$"8'"-+3/$9["s"
@8(+":K("-':$/-"'$'"2-77&-6$>";8.$":&L":K("2-77&-6$"T'"-)"-)(22$"
M" :K(" ),# 3).7)_2+0&# 2"%2+0&# O+# 2&4"# ","4"7:# 2&3:08:')# ,+#
2&70%+(()9)&7"# "3)30"79)+,"# $"%# 2&4"# ,-+WW)+4&# ("32%);+5"
P(/3-6('3("&+"2&0'&T:-3$"'$'"M"(2-8/&3$")-"@8(23-":$'3/-))&%&$'(A"6-"
2&"(27/&6("0&4"&'"(22-"2$+3-'3$>"#$'":1M"+8$0$"2()&:('3("(+(.$"&'":8&"2&"
7$3/(BB("6(.(/(":$6("-+"/&7-/$")(++-":$'3/-))&%&$'(>

i8+,2O"#2O)+%)4"70&B

W('2$" )(++-" ,/-2(!" +-" :$'3/-))&%&$'(" (<&)('%&-3-" )-++1-'-+&O:-" )(++-"

3(67$/-+&34" M" +-" :$'3/-))&%&$'(" (2&23('%&-+(" )7# 08;+# ,+# 38+# "30"79)&7">" *+"
3(67$" 7/$7/&$" @8(++$" <&2283$A" &'" :$':/(3$A" M" '(:(22-/&$" 7(/:KZ" +-" <&3-"
(23/-'(-" :&" )&<('0-" ,-6&+&-/(" 2('%-" 38.-<&-" :K(" (22-" :(22&" 8'" 0&$/'$" )&"
(22(/("6&23(/&$2->
C-" :$'3/-))&%&$'(" (2&23('%&-+(" &'" @8-'3$" 3(67$/-+&34" M" @8(23$!"
8'1(27(/&('%-" 2('%-" 7$2-" /&''$<-3-" )(++-" 23(22-" 7/$B+(6-O:->" ?/$7/&$"
@8(23-" (27(/&('%-" 7(/L" '$'" M" @8-+:$2-" )&" 7-/O:$+-/(A" )&" -00&8'3$"
-++1(27(/&('%-" $/&0&'-+(" '(++-" 28-" (23('%&$'(>" C-" :$'3/-))&%&$'("
(2&23('%&-+(" '$'" 78L" 6-&" (22(/(" :$'2&)(/-3-" -23/-.-6('3(" )-" @8(23$"
)&27&(0-6('3$"3(67$/-+(>"W("'$'",$22(":$2^A"2-/(BB("8'"78/$"&'"2ZA"$"8'"
78/$"&66()&-3$"5'$'"2("'("-</(BB(":$2:&('%-9>
*+"6$<&6('3$"M":$'2O38O<$")(++1(27(/&('%-"23(22-A"M"+1(27(/&('%-"23(22->"*+"
3(67$" '$'" 7/$:()(" )-++1(2&23('%-" :$6(" 2(" +1(2&23('%-" ,$22(" 8'-" ,$'3("
-++1&')&(3/$" )(+" 3(67$>" C1(27(/&('%-" )(+" 3(67$" (22(')$" (27(/&('%-"
$/&0&'-/&-A"'$'"2&"78L"/&2-+&/("-+")&"+4")(+"3(67$A"'(+"2('2$"&'":8&"'$'"2&"78L"
/&2-+&/(" -+" )&" +4" )(++1(2&23('%->" Y++$" 23(22$" 3(67$A" (22(')$" +1(27(/&('%-" )(+"
3(67$"(27(/&('%-"8'&<(/2-+(A"'$'":1M"'&('3(A"'(228'$":$':(.$"("'(228'-"
/(-+34" :K(" 2&-" -::(22&B&+(" 6()&-'3(" 8'" -.$" :K(" '$'" 2&-" 'Z" 7-22-3$" 'Z"
,838/$>

=-+"78'3$")&"<&23-")(+"2('2$":$6("3-+(A"+-"3(67$/-+&34"<&2283-":$6(")8/-3-"("/&7(O%&$'("
&'" /-77$/3$" -++-" :$'3/-))&%&$'(" (2&23('%&-+(" '$'" 7$/3-" '8++-" )&" '8$<$H" +1(27(/&('%-"
/&7(383-" /(23-" (<&)('3(6('3(" 8'1(27(/&('%-" )(++-" :$'3/-))&%&$'(>" =-+" 78'3$" )&" <&23-"
7(/L" )(++-" )$6-')-A" +1&')(T'&3$" )(+" 3(67$" :$'O('(" 8'" ('&06-" :K(" 7$3/4" (22(/("
)(:&,/-3$"2$+$"&'",8'%&$'(")(+"2('2$"8+O6$")(++1(2&23('%->" =&:&-6$"2$+3-'3$"@8(23$"-"
@8(23$"78'3$!",-"33"%"#84+7&#2O"#7&7#O+#(";&#7&U#2)&S#2O"#7&7#O+#&$0+0&#$"%#,+#
3)08+9)&7"# +338%(+# (",# 7&7L3"73&# (",,-"3)30"79+U# '"("# 4&,:$,)2+%3)# 3&;&# )# 38&)#
$+33)#)#3".7)#$)k#()'"%3)#(",,"#$%"3"79"#2O"#3&7&#(",,"#+33"79"g#&#4".,)&U#.)87.&7&#
+#,8)U#(+#08/#)#,8&.O)#"#(+#7"3387+#$+%0"U#(".,)#+$$",,)#3"4$%"#$)k#$&0"7:5#*+"3(67$"
&'"2("23(22$"(27/&6("0&4"8'-":(/3-"2$</-B$')-'%->
W&-6$"@8&"'(&"7/(22&")18'"0/-')("7-22-00&$")&":8&"'$'"2-77&-6$"-':$/-"&+"2&0'&T:-3$"("
+-"'-38/->"W&-6$"-<$+2&")-"8'-"2"%0"99+":K("&+":-66&'$"7(/:$/2$":$')8:-")-"@8-+:K("
7-/3(>"*'"(R(SA"3"#7&)#+T"%4)+4&#2O"#,+#2&70%+(()9)&7"#"3)30"79)+,"#S#,-+;&#.%+9)"#
+,#R8+,"#,-"3)30"79+#%)2&7&32"7(&#,+#38+#_7)08()7"#%)2&7&32"#+,,&#30"33&#0"4$&#2O"#
R8"30+#_7)08()7"U#","4"70&#"0"%7&#(",,+#38+#"33"79+U#7&7#"3+8%)32"#R8"30-8,:4+U#
R8"30&#S#(&'80&#+,#J+;&#2O"#,+#2&70%+(()9)&7"#"3)30"79)+,"#S#87#4&')4"70&#2O"#3)#
7".+U#3)#0%+32"7("#"#3)#0%+3J&%4+#[#$"%#38+#$%&$%)+#7+08%+#\5##(++1(27(/&('%-"86-'-A"
+1(2&23('%-" 2&" 27(/&6('3-" :$6(" 8'" 6$<&6('3$" )&" -R(/6-%&$'(A" )&" '(0-%&$'(A" )&"
3/-2:(')('%-"(")&"3/-2,$/6-%&$'(>

\'3/-3-" '(++1(27(/&('%-" 6(3-T2&:-!" :(/:K&-6$" )&" 2:$7/&/("

()" (27/&6(/(" +1-S38)&'(" 7/&6-" (" 8+O6-A" D"(3(/'-"EA"
)(++18$6$>" #(++1(27(/&('%-" )(++-" :$'3/-))&%&$'("
(2&23('%&-+(A" -BB&-6$" +-" :(/3(%%-" <&2283-" )(+" 2('2$" )&"
@8(23-":$'3/-))&%&$'("&'"@8-'3$"2('2$>" C-"6(3-T2&:-"M"+-"
<&3-")(+"2('2$"&'"@8-'3$"2('2$>

WY#F"%0"99+U#3"73&#"(#"3$"%)"79+5
C-" :(/3(%%-A" :$6(" +-" :$2:&('%-A" /&'<&-" -" 5(" &67+&:-9"
8'1-+3(/&34A" '$'" K-" )8'@8(" +-" 7/$7/&-" $/&0&'(" &'" 2(>"
C1(27(/&('%-"(2&23('%&-+("M")8'@8("+1(27(/&('%-")(++1$/&0&'("
)(++-":(/3(%%->
C-" :(/3(%%-" M" 7/&6-" &'" /-77$/3$" -++-" )$6-')-" 28+" 2('2$"
)(++1(2&23('%-" 86-'-A" 7(/:KZ" +-" /&:(/:-" )(+" 2('2$" M"
-'&6-3-" )-++-" :(/3(%%-" :K(" +-" )$6-')-" -BB&-" 8'" 2('2$A"
8'-"/&27$23->"C-")$6-')-"MA"&'"@8-+:K("6$)$A"2(:$')-A"&'"
/-77$/3$"-++-"/&27$23->"
U&:$'$2:(/(":K("+-")$6-')-")(/&<-"&'"8'":(/3$"2('2$")-++-"
/&27$23-"M"2$+3-'3$"/&:$'$2:(/("8'-"/(+-%&$'(",/-"+$/$A"'$'"
M" -':$/-" /&:$'$2:(/(" +1$/&0&'(" )&" @8(23-" /(+-%&$'(>" *+" ,-.$"
:K(" :&" 2&-'$" )$6-')-" (" /&27$23-A" M" &+" 6$3$/(" 8+O6$"
)(++1(27(/&('%-" :K(" &')8:(" -++-" @8(2O$'(!" 7(/:KZ" :&" 2$'$"
)$6-')-" (" /&27$23-[" =$6-')-" (" /&27$23-" )(<$''$"
)8'@8(" ,-/(" /&3$/'$" -++1(27(/&('%->" C1(27(/&('%-"
(2&23('%&-+("M"(22('%&-+6('3("8'1(27(/&('%-")(++1$/&0&'(")&"
$0'&")$6-')-"(")&"$0'&"/&27$23-A")&"$0'&":(/3(%%-"(")&"$0'&"
2('2$>" C-" :(/3(%%-" 6(3-T2&:-" M" :(/3(%%-" $/&0&'-+(" )(++-"
:(/3(%%-A"("&+"2('2$"6(3-T2&:$"&+"2('2$"$/&0&'-+(")(+"2('2$>"
W('2$" (" :(/3(%%-" 2$'$" )8'@8(" (+(6('O" 7(/6-'('O" ("
:$2O38O<&" )(++1(27(/&('%-A" 6-" -++$" 23(22$" 3(67$" 3/-2:(2&"
)-" (22->" *+" :$':(.$" )&" (27(/&('%-" )(2&0'-" @8(23$" -.$"
)(++1(2&23('%-" :K(" &'0+$B-" $0'&" )(3(/6&'-%&$'(" (" $0'&"
:-3(0$/&-A" @8(++1-.$" -+" )&" +4" )(+" @8-+(" '$'" :1M" '&('3(>"
l&'1$/-" -BB&-6$" 6$23/-3$" +$" 2<&+877$" J&%4+,"# )&" @8(23$"
-.$" 3/-2:(')('3(>" P(/:K&-6$" -))(22$" )&" &')&:-/(" &+" 28$"
2&70"780&"6$23/-')$":K(":$2-"2&0'&T:K&"+-":$'3/-))&%&$'("
<&2283-A" )(2:/&<(')$" 8'-" (27(/&('%-" :K(" 6-'&,(2O" &+"
:$'3('83$" )(++1(22(/(" T'&3$>" N8(23-" (27(/&('%-" M" @8(++-"
)(++-"<&3-"<&2283-"&'"@8-'3$"7/$7/&-6('3("86-'-A"M"+-"<&3-"
6(3-T2&:-A"+1(27(/&('%-")(+"6&23(/$")(++1(2&23('3(>

2Y#6("+#+33&,80+#"#3"73&#+33&,80&5
PK&8'@8(A" 2(" <8$+(A" 78L" 2(67/(" 3('3-/(" )&" 6-'3('(/2&" 28+" 7&-'$" &',/-_
(2&23('%&-+(A")&")(T'&/("+1(2&23('%-":$6("8'"78/$"6$<&6('3$")&"-')-/&<&('&"
,/-"&+"2('2$"("&+"'$'_2('2$A":&$M")&"-22$+8O%%-/("+-"T'&38)&'(>"Y22$+8O%%-/("
+-" T'&38)&'(" 7(/LA" M" :-)(/(" )-++-" :$'3/-))&%&$'(" (2&23('%&-+(" -++-"
:$'3/-))&%&$'(" +$0&:-H" M" &'T'(" ,-/(" @8(+" :K(" '$'" 2&" <$+(<-" ,-/(!" T22-/(" &+"
6$<&6('3$" &'" 8'$" )(&" 28$&" 3(/6&'&A" )&22$+<(/(" +1(2&23('%-" '(++-" 28-"
(27/(22&$'(",('$6('&:->""W&"78L"(22(/("2$))&2,-S")&"@8(23$"0&$:$A"6-"'$'"
(22(/'(" 2$))&2,-S" M" /&:$'$2:(/(" +1-<$+0&6('3$" )(+" T'&3$" 7(/" $7(/-" )(++-"
:(/3(%%->
C-":(/3(%%-"M"@8(23-"(27(/&('%-":K(":$'3(67$/-'(-6('3("3/-2:(')("$0'&"
6$<&6('3$" )(++1(2&23('%-" (" 2&" (27/&6(" -./-<(/2$" )&" (22$>" !+# 2"%0"99+# S# ),#
4&')4"70&#(",,+#2&70%+(()9)&7"#)7#R8+70&#"33&#3)#7".+U#3)#3&%$+33+#"#3)#
0%+3_.8%+# 3"79+# $&3+>" !+# 2"%0"99+# )7# R8+70&# 0+,"# S# ,-+;&# .%+9)"# +,# R8+,"#
7",,+#38+#2&70%+(()9)&7"#,-"33"%"#84+7&#32&$%"#2)V#2O"#S5#i8"30&#S#2&4"#
()%"# 3&;&# 87-+,0%+# J&%4+# 2O"# ,+# 2&70%+(()9)&7"U# 4&(&# $"%4+7"70"#
(",,-"3)30"79+U# 7&7# S# ,-8,:4&# 4&(&U# ),# 4&(&# J&7(+4"70+,"g# "33+# S#
3&,+4"70"#),#3".7&#"#7&7#),#3"73&5

2Y#!-"3$"%)"79+#(",#0"4$&#S#87#+$$",,&#
(",#3".7&#'"%3&#),#3"73&5

U&:$'$2:(/("+-":$'3/-))&%&$'("("&+"3(67$":$6("2(0'&"M"
(<&)('3(6('3(" -7/&/+&" -+" 2('2$>" #$&" )&:&-6$"
D"(<&)('3(6('3("E!" 2&" 3/-.-" )&" 8'-" D"(<&)('%-"E" :K("
78L" (22(/(" 6$+3$" <-0-" (" :$',82-" -0+&" &'&%&"
)(++1(27(/&('%->" #$'" 23-/(" T22$" '(++-" :$'3/-))&%&$'("
3(67$/-+(" M" 7/$<-/(" &+" 3(67$A" '$'" :$6(" 8'" j-0(++$A"
6-" :$6(" 8'-" ,(/&3-" <&<-" (" -7(/3-" '(+" :8$/("
)(++1(2&23('%->"D"PK&"08-/&/4"@8(23-",(/&34["E
!+#0"4$&%+,)01#%)2&7&32)80+#S#2&3h#)70"%%&.+9)&7"U#4+#
)70"%%&.+9)&7"# 3).7)_2+U# )7# 87# 2"%0&# 4&(&U# %)3$&30+>"
C1(22('%&-+(" )&" @8(23$" 2$/7-22-6('3$" -)" $7(/-" )&" 2("
23(22-"()"&'"2("23(22-")(++-"3(67$/-+&34A"M"&+"7-22-00&$"
)-+" 2(0'$" -+" 2('2$A" :K(" M" &'2&(6(" 8'-" /$.8/-" (" 8'-"
3/-'2&%&$'(A"8'-":$'O'8&34"'(++-")&2:$'O'8&34>"P&L":K("
'$&":K&-6&-6$"30&%)2)01"M"7/$7/&$",+#0"4$&%+,)01#2O"#3)#
%)2&7&32"# 2&4"# 2&70%+(()0&%)+# "# 2O"# 3)# 3&22O)8("##
X+$%"Y+,#3"73&5

C1(27(/&('%-" 86-'-" M" (27(/&('%-" :$23-'3(6('3(" &'"

6$<&6('3$A" &'" :$'O'8&34" (" &'" )&23-::$A" -+" +&<(++$"
)(++1-22$+83$>" C-" '$%&$'(" )&" 3"73&# +33&,80&" M" )8'@8("
(+(6('3$" :$2O38O<$" )(++1(27(/&('%-" 86-'-A" (" -':K("
,$/6-+6('3(A" +$0&:-6('3$A" (+(6('3$" 8+O6$A" 7$&:KZ" (22-"
(27/&6(" 7/(:&2-6('3(" &+" 6$<&6('3$" )(++1(2&23('%-" &'"
@8-'3$" 6$<&6('3$" :K(" 2&" :$67&(" 5('" 3-'3" @8("
6$8<(6('3"@8&"21-:KM<(9>
?(/" -22$+83$" 2&" &'3(')(" 52('2$" +$0&:$!" n-'3" (" b(/+(-8_
?$'39" @8(++$" :K(" M" D"<-+&)$" 2('%-" +&6&3("E>" s" 7/$7/&$"
@8(23$" 2&0'&T:-3$" :K(" -BB&-6$" )&" 6&/-" &''-'%&.8.$"
@8-')$"7-/+&-6$")(+"2('2$"-22$+83$")(++1(2&23('%->
N8-+(" M" 7(/L" @8(23$" 2('2$[" #$'" 78L" (22(/(" &+" 78/$"
7-22-00&$" &':(22-'3(" )-++1$00(S<&34" -++-" 2$00(S<&34" ("
<&:(<(/2-A" 6-" &'" 4+7)"%+# )7("_7)0+" 5(2&23('%&-+&26$9>"
a&2$0'-" /(')(/(" :$'3$" )(++-" :$'3/-))&%&$'(" )(++1(2&23('%-"
6$23/-')$" :$6(" @8(23$" 6$<&6('3$" 2&" <&<(" '(++-" 28-"
$/&0&'-+&34"/-)&:-+(>
!+# 7&9)&7"# ()# )("+# +33&,80+U# ()# 3"73&# +33&,80&U# 7&7# S#
7)"70"# +,0%&# 2O"# ,-+;&# ()# "3)30"%"# 2O"# %)2&7&32"# ,+# 38+#
2&70%+(()9)&7"U# %)2&7&32"7(&# 2O"# ),# _7)0&# 7&7# O+# 3"73&#
7",,+# J&%4+# ()# "33"%"# )44"()+0+4"70"# _7)0&5# s" &+" 2('2$"
:K("-77-/("'(:(22-/&-6('3("("&'"6-'&(/-"&':$')&%&$'-3-"-"
:K&"/&:$'$2:("+-"7/$7/&-"T'&38)&'(A"+-"7/$7/&-":$'O'0('%->"
*+"2('2$"-22$+83$"M"+1(2&23(/(":K("2&"7/$&(.-"D"-+")&",8$/&")&"E"
2(" 23(22$>" C1(2&23('%-" :K(" (2:(" )-" 2ZA" M" +1(2&23('%-" :K("
+-2:&-" 7/$7/&$" :&L" :K(" (22-" '$'" M" 58'" 78/$" T'&3$9" (" :K("
/&:$'$2:(" :$'" (<&)('%-" :K(" M" 7/$7/&$" )(++-" 28-" (22('%-"
82:&/(" :$2^>" \22-" 2&" +-2:&-" 2('%-" +-2:&-/2&A" 7$&:KZ" 2&" 7(/)("
7(/" /&3/$<-/2&>" *+" 2('2$" -22$+83$" M" )8'@8(" +1-B$+&%&$'(" (" &+"
6-'3('&6('3$")(++-"D":$'3/-)&%%&$'("E"'(+"W('2$>
C1&)(-" -22$+83-" '$'" M" )8'@8(" 8'-" 27(:&(" )&" /(-+34" 7/$'3-"
7(/"+182$>"i8"30+#)("+#$%&2"("#(+,,-+;&#()#"3)30"%"#30"33&U#
$&)2O]#S#R8"30&#30"33&#"3)30"%"#)7#R8+70&#0%+32"7("#),#38&#
+3$";&# 2&70%+(()0&%)&5# ;8.-<&-A" 2(" +1&)(-" 7/$:()("
)-++1(2&23('%-" 23(22-A" (22-" '(" 7/$:()(" 7/(:&2-6('3(" &'"
@8-'3$"+1(2&23(/("/&:$'$2:("+-"28-"T'&38)&'(A":&$M"/&:$'$2:("
:K("(22$"23(22$"'$'"7/$:()(")-"2("23(22$>"
N8(23$" -27(.$" M" "33"79)+,"U# 7$&:KZ" M" @8(++$" :K(" 2<(+-"
+1(2&23('%-" -+" 28$" +&<(++$" %"+,">" <"%# ,-"3)30"79+U# +44";"%"#
,+# 38+# %+()2+,"# 2&7:7."79+U# S# +44";"%"# 2O"# 7&7# O+# ),#
$%&$%)&# 3"73&# 7]# )7# 3"# 30"33+# 7]# )7# 7)"70"# 2O"# 3)+#
2&7:7."70">"s"7(/"@8(23$":K("+-"'$%&$'(")&"&)(-"-22$+83-"
'$'" :$'O('(" &+" :$67&6('3$" )(+" )&2:$/2$" 86-'$!"
)-++1(27(/&('%-" )&" &)(-" -22$+83-" '-2:(" '(:(22-/&-6('3("
,-)("+#()#?33&,80&A"+1&)(-")&"*)&5

c5#!-)("+#()#?33&,80&5
C1&)(-")&"Y22$+83$"'$'"M":K("+$"2<&+877$"'$/6-+("
)(++1&)(-" -22$+83-A" &+" 28$" /&(67&6('3$>" !-)("+# ()#
?33&,80&# 7&7# J+# 2O"# "3$%)4"%"# 2&7# $)"7"99+#
,-"33"79+#(",,-"3)30"70"#)7#R8+70&#".,)#7&7#S#4+)#
+$$+%0"780&# X7&7# S# 4+)# 30+0&Y# +# 3"# 30"33&g#
,-","4"70&# ()# %&;8%+# X()# "30+3)Y# S# "0"%7+4"70"#
2&3:08:'&# (",,-"33"%"# _7)0&5" C1(27(/&('%-" :K(" 2&"
(27/&6(" -./-<(/2$" +1&)(-" )&" Y22$+83$" M" 7/$7/&$"
@8(23-" (27(/&('%-" $/&0&'-+(" (" $/&0&'-/&-"
)(++1D&'&%&$EA"2$+-6('3("(22-"3(')("2(67/(")&"7&]"
-++-" 28-" (27/(22&$'(" 7&('->" *)%"# 2O"# ,-"33"%"#
_7)0&#7&7#O+#),#$%&$%)&#3"73&#)7#3"#30"33&#"#()%"#
2O"#,&#O+#7",,-?33&,80&U#3&7&#,+#30"33+#2&3+5
\<&3-')$" )&" -'O:&7-/(" &+" :$'3('83$" )(++1&)(-" )&"
Y22$+83$A" /&:$'$2:&-6$" 7(/" &+" 6$6('3$" :K("
@8(23-" &)(-" M" &+" )&27&(0-6('3$" )(++1(27(/&('%-"
7/&6$/&)&-+(>"N8(23-"(27(/&('%-"-77-/("'(++-"28-"
$/&0&'-+&34"78/-":$6("&%).)7+%)+A":&$M"&'"(22-"'$&"
2:$7/&-6$" 7/$<('&('%-A" (27-'2&$'(" (" %-67&++&$>"
?$22&-6$")(T'&/+-":$6(",-"3$"%)"79+#(",,-&%).)7"#
+33&,80+# (",,-"3)30"79+U# ,-"3$"%)"79+# $"%#
,-"3)30"79+#(",,+#38+#&%).)7"#+#$+%:%"#(+#2)V#2O"#
O+#)7#3]#,+#$%&$%)+#[#&%).)7"#\>

F5#F%"+9)&7">
W&"3/-.-"@8&")(++1(27(/&('%-"(2&23('%&-+(")(++-":/(-%&$'(A")(++1$/&0&'("1&=#'- /2/=" )(++1(2&23('%-A" )(++-" 7/(2('%-" -.8-+(" 57/(2('%-" )(++1Y22$+83$"
-++1(2&23('%-"(")(++1(2&23('%-"-++1Y22$+83$9>"
W('2$" )(++-" 7/$7$2&%&$'(!" D"=5#6@!- #8'- 75!42=@!- #U- /&1&A!"E>" W("
+1(2&23('3("86-'$"M"8'")&-+$0$")&"(22(/("("'8++-A"("2("@8(23$")&-+$0$"M"
7(/" 2(67/(" :$2O38O<$" )(++-" 28-" (22('%-A" +-" :/(-%&$'(A" :$6(" /&27$23-"
-++-" @8(2O$'(" 28++1$/&0&'(" -22$+83-" )(++1(2&23('%-A" 2&7:"7""
'(:(22-/&-6('3("7-22-00&$")-+"'8++-"-++1(22(/(>"
P$6([" C-" :/(-%&$'(" M" &+" 6$<&6('3$" )(++1(2(/(" (" )(+" '8++-" 5"
)(++1(2&23('3("&'"@8-'3$"(22(/("("'8++-9"'(++-"28-"$/&0&'(>" C-"'$%&$'(")&"
:/(-%&$'(" (27/&6(" 2$+-6('3(" &+" J&7(+4"70&" )(+" 6$<&6('3$>" *" )8("
:$':(S")&"(22(/("(")&"'8++-"2$'$")8'@8("&67+&:-O"D"-++$"23(22$"3(67$"E"
'(++-" '$%&$'(" )&" :/(-%&$'(A" -++$" 23(22$" 6$)$" &'" :8&" (27/&6$'$" &" )8("
(+(6('O")(++1-.$")&"(22(/(>"*+",-.$":K("+1(2&23('%-"M"-++-"<$+3-"(22(/("("
'8++-A"<8$+")&/("@8("+1(2&23('%-"'$'"M"'Z"+1(22(/("&'"@8-'3$"3-+("'Z"'8++-"
&'" @8-'3$" 3-+(A" (22-" M" (2-.-6('3(" &+" +$/$" /-77$/3$>" \22(')$" (22(/(A"
(22-"K-"2('2$H"6-"(22(')$"'8++-A"(22-"'$'"K-"2('2$"&'"2("23(222->"s"7(/"
@8(23$" :K(" +-" ,$/68+-" D"=5#6@!- #U- /&1&A!"E" '$'" 2&0'&T:-" -R-.$" :K("
+1(2&23('%-" (2:(" )-+" '8++-A" :$6(" 2(" &+" #8++-" ,$22(" 8'-" 2$/3-" )&" /(-+34"
-'3(/&$/(>" A33+# 3).7)_2+# $%"2)3+4"70"# ,+# 7&7# %+.)&7# 38N2)"70"#
(",,-"33"%"# )7# 3]# 57$&:KZ" &+" D"2Z"E" M" 8'1-23/-%&$'(A" 8'-" :-S<-"
&'3(/&$/&349A"2)&S#,+#38+#0&0+,"#()$"7("79+#(",,-?33&,80&>"
C1(2&23('%-"86-'-"/&'<&-":$2^"-++1Y22$+83$"0/-%&("-++-"6()&-%&$'(")(&"28$&"
)8(" -27(S" &'" 6$)$" 3-+(" :K(A" &'" 8'-" 6-'&(/-" $" &'" 8'1-+3/-A" +1Y22$+83$"
:$'O(''(" &'" 2(" 23(22$" +1(22(/(" (" &+" '8++->" W(" +1Y22$+83$" /(')(" /-0&$'("
)(++1(2&23('%-A"/(')("'(:(22-/&-6('3("/-0&$'(")(&"28$&")8("(+(6('O"&'"
@8(+":K("K-''$")&"(3(/'$>

i8+,2O"#2&73".8"79+5

*+":$':(.$")&":/(-%&$'(A":K("2$/0(")-++1(27(/&('%-"(2&23('%&-+(A"7(/6(.(!"
)&"'$'":()(/("-"8'"7/(2877$23$"D"$'3$+$0&:$"E"2(:$')$":8&"+1Y22$+83$"M":$':(7&3$"
(")(T'&3$"&'"$77$2&%&$'("-+"'$'`(22(/("57('2&(/$"&)(-+&23-"(")8-+&23-9>
8'" /&:$'$2:&6('3$" 3-+(" )(++-" :$'O'0('%-" :K(" /&:$')8:(" &'" 2(" 23(22$"
2&68+3-'(-6('3("-++-":$',(22&$'(")(++1Y22$+83$>" =&",-.$A" +-2:&-/("(6(/0(/("&'" 2("
23(22$" &+" :$':(3$" )&" :/(-%&$'(" M" 2(67+&:(6('3(" /&T83-/(" )&" )(T'&/(" -+:8':KZA" &<&"
:$67/(2$" 2(" 23(22$" 6()&-'3(" 2(" 23(22$H" M" /&'<&-/(" -++1-+3/$" $0'&" 2('2$" (" 38.$" &+"
2('2$A"&<&":$67/(2$"(<&)('3(6('3("&+"2('2$")(++1Y+3/$>"
8'" 3-+(" /&:$'$2:&6('3$" '$'" (+&6&'-" '8++-" )(++1(27(/&('%-" (2&23('%&-+(A" '$'" ,-"
2<-'&/(" +-" :$'O'0('%-" )(++1(22(/(" 86-'$>" s" &'" (R(S" 2$+-6('3(" )-<-'O" -+" <$+3$"
)(++1Y22$+83$":K("+1(2&23('%-"2:$7/("+-"28-"/-)&:-+("T'&38)&'(>"\22-"-66(.("&'T'("
(27+&:&3-6('3(")&"'$'"-<(/("7$383$"(")&"'$'"7$3(/("6-&")-/2&"+1(22(/("("+-"<&3-A":K("
+-" :$'O'0('%-" M" +-" 28-" (3(/'-" )&6$/->" *'" :&-2:8'" 6$6('3$" +1(2&23('%-" '$'" K-"
7$383$"("'$'"7$3/4"&'"<(/&34"-77-/3('(/("-"2("23(22-A"7$&:KZ"M"7/$7/&$")(++1(22('%-"
)(++1(22(/("T'&3$"&+"'$'"(22(/("-"2("23(22$>
N8(23$"M"&+"7/&6$"2&0'&T:-3$")(+":$':(.$")&":/(-%&$'(!"+-"@8(2O$'("M"$/-"'$'"7&]"
2$+3-'3$" +1$/&0&'(" -22$+83-" )(++1(2&23('%-" 6-" ,-&%).)7"# +33&,80+# +# $+%:%"#
(",,-?33&,80&>" C-" '$%&$'(" )&" :/(-%&$'(" )&:(" )8'@8(" 2$+-6('3(" @8(23$!" &+"
6$<&6('3$" 6()&-'3(" &+" @8-+(" +1(2&23('%-" 86-'-" (2:(" )-" 2Z" ()" M" :$2^" $/&('3-3-"
<(/2$"8'-"U(-+34")&":8&"'$'"2&"24"'8++-A"2-+<$":K("(22-",$')-"5("2&"(27/&6(9"&'"@8(23$"
6$<&6('3$")&"(23-2&"(")&"$/&('3-%&$'("(":K(":$'O('(")8'@8("&'"2Z"+1(22(/("("&+"'8++-"
:$6("&")8("6$)&"'(:(22-/&")(++-"28-"?/(2('%->
C-" @8(2O$'(" -" 7/$7$2&3$" )(++1(2&23('%-" 2&" M" 27$23-3-A" 3/-2,$/6-3-" $A" 2(" 2&" <8$+(A"
-77/$,$')&3->" *'" (R(S" &+" )&-+$0$" &':(22-'3(" )(++1(22(/(" (" )(+" '8++-" &'" 2('$"
-++1(2&23('3(A")(+"7-22-3$"(")(++1-<<('&/("&'"2('$"-+"7/(2('3(A"'$'" -7-/("7&]":$6("
7/&6$>" \22$" '$'" M" 23-3$" (+&6&'-3$A" B('" -+" :$'3/-/&$A" 6-" +$" /&:$'$2:&-6$" $/6-&"
:$6(" +1(27/(22&$'(A" +-" 6-'&,(23-%&$'(" )(+" )&-+$0$" ,$')-6('3-+(" :K(" 2&" &'23-8/-A"
2(67/(" -'O:$A" 2(67/(" '8$<$A" ,/-" +1(22(/(" T'&3$" (" +1Y22$+83$>" ;8.-<&-A" 2(" +-"
'$%&$'(" )(++-" :/(-%&$'(" :$'O('(" &+" 2('2$" )&" $0'&" /(-+34A" @8(23$" 2('2$" '$'" :&" M"
-':$/-"6-'&,(23$>"*+":$67&3$":K("/(23-")-":$67&(/("M"+-")(2:/&%&$'(")(++1(2&23('%-"
:K(A")-++1&)(-")&"Y22$+83$A"7-/<&('("-++1Y22$+83$"'(++-"28-"U(-+34A":K(A")-+":$':(.$"
)&":/(-%&$'(A"2:$7/("+("/&:K(%%(")(++1Y.$"P/(-3$/(>

;8.-<&-A" @8(23-" &67/(2-" M" -./-<(/2-3-" )-" 8'1(<&)('%-" :K(" &67+&:-" &+"
:$0+&(/(" )(++-" )&R(/('%-!" +18$6$" K-" :$2:&('%-" :K(A" 2(" 2&" /-77$/3-" -+"
,$')-6('3$A" '$'" +$" M>" " N8(23-" :$2:&('%-" 7$/3-" 8'-" :$//(%&$'(" :K("
/-00&8'0(" +1Y22$+83$" 5D"=&$"E9" )-+" 78'3$" )&" <&23-" )&" 8'-" :$//(+-%&$'("
'(0-O<-" &'" /-77$/3$" -++18$6$" )&" :8&" M" &+" ,$')-6('3$H" $778/(" `" :K(" M" +$"
23(22$_"+-":$//(+-%&$'("'(0-O<-"7$'("+18$6$":$6(")&R(/('3(")-++1Y22$+83$"
'(++-"/(+-%&$'("23(22-":K("+$"/-77$/3-"-"+8&>"
=-" @8(23-" /(+-%&$'(" )&" :$'O'8&34" '(++-" )&2:$'O'8&34" 2$/0(" +1(<&)('%-" -"
/-0&$'(" )(++-" @8-+(" -R(/6&-6$" :K(" +1Y22$+83$" 3/-2:(')(" &'" 8'-" 6-'&(/-"
/-)&:-+("38S"&"'$23/&"7/()&:-OA"38.("+("'$23/(")(3(/6&'-%&$'&>
#(++1-''&('3-6('3$")&"38S"&"'$23/&"7/()&:-O"(A")&":$'2(08('%-A")(+"'$23/$"
2,$/%$" )&" (+-B$/-/(" 8'" )&2:$/2$" /&08-/)$" -" =&$A" :$0+&-6$" :$'" 8'1(<&)('%-"
&//(,83-B&+("&+"2&0'&T:-3$"(3(/'$")(++-"7/$7$2&%&$'(!",-?33&,80&#S#)7"T+W),">"
g$0+&-6$" )&/(" :$'" :&L" :K(" =&$" :$'O('(" &'" 2Z" +1(2&23('%-" 86-'-" :$6("
(22(/(" (" '8++-" 6-" :K(" +-" 3/-2:(')(" &'" @8-'3$" +-" /(+-%&$'(" )&" &)('O34" 5)&"
7$2&O<&34A" :$'O'8&349" 2&" :$0+&(" -++1&'3(/'$" )&" 8'-" )&R(/('%-" 5'(0-%&$'(A"
)&2:$'O'8&349"/-)&:-+(>"*)&#S#+,0%&#(+,,-8&4&>"
*+" 7-/-)-22$" )(++1(2&23('%-" 86-'-" :$'2&23(" '(+" ,-.$" :K(" &+" 6$')$"
)(++1Y22$+83$"'(+"@8-+("+1(2&23('%-"86-'-"M"/&7$23-"5/&('3/-3-9"()"K-"2('2$A"
M" 8'" 6$')$" 7(/" (22-" (" )-" (22-" &'(27/&6&B&+(>" b-&" 7$3/4" )(3(/6&'-/'(" &"
+&6&OA" 7$&:KZ" '$'" M" 7$22&B&+(" :K(" +1(2&23('%-" T'&3-" -BB/-::&" +-" U(-+34"
&'T'&3->"*)&#S#>)30"%&5

K 5 L# C " 7 3 &# ( " , , +# $ + % & , +#

[#4)30"%&#\5
N8(23$"3(/6&'("7$/3-" -++-"+8:("8'-" '8$<-"(27(/&('%-!"
+-"7/(2-")&":$2:&('%-A")-"7-/3(")(++1(2&23('%-"T'&3-A":K("
+-"28-"&67$3('%-"'(+")(T'&/("&+"28$"l$')-6('3$"'$'"2&"
/-)&:-" '(+" ,-.$" :K(" +-" 6$)-+&34" )&" (2&23('%-" )(&" 28$&"
7/()&:-O" 5:$'3('83$9" M" )&R(/('3(" '(+" :$'O'0('3(" ("
'(++1Y22$+83$A" 6-" B('" 7&8.$23$" '(+" ,-.$" :K(" +1(22(/("
T'&3$" :$67/(')(" :K(" =&$" '$'" 2-/(BB(" =&$" 2(" '$'"
,$22("%+()2+,4"70"")&R(/('3(")-":&L":K("+1(22(/("T'&3$"
M>" C-" :$',(22&$'(" )(++-" 28-" &67$3('%-" M" )8'@8(" &+"
/&:$'$2:&6('3$" '$'" 2$+$" )(++1D"(22(/(_-+3/$"E"
)(++1Y22$+83$A" 6-" -':$/-" (" 2$7/-.83$" )(+" ,-.$" :K(#
,-?33&,80&# S# 2)V# 2O"# S" 7",,+# 38+# $8%+# %",+9)&7"# +# 3"#
30"33&U# )7()$"7("70"4"70"# (+,,+# %"+,01# 2&7:7."70"#
()# 28)# S# ),# J&7(+4"70&5# W(" )8'@8(" =&$" M" :&L" :K("
+18$6$"'$'"MA"M"7(/:KZ"\0+&"M"&''-'%&38.$":&L":K("\0+&"
M>
*'2&23(')$"28++-"7".+9)&7"")(+"/-77$/3$A"+-"'$%&$'(")&"
6&23(/$"(<$:-":K(" =&$"'$'" 2&")(T'&2:("&''-'%&38.$"&'"
$77$2&%&$'(" -" :&L" :K(" \0+&" '$'" MA" 7(/" (2(67&$"
-++18'&<(/2$":$'O'0('3("'(+"28$"&'2&(6(>"!+#7&9)&7"#()#
4)30"%&# 4)%+A" '$'" &+" +&6&3(" $" &+" 7-22-00&$A" '$'"
+1$77$2&%&$'(" &66()&-3-" )(+" '(:(22-/&$" (" )(+"
:$'O'0('3(A"6-""33"79)+,4"70"#,-+80&L38N2)"79+#()#
*)&5# *)&# SU# "(# "33"7(&U# S# +# 3"# 30"33&# ,+# $%&$%)+#
38N2)"79+5
*+"-+3/&"3(6&'&A"+-"'$%&$'(")&"6&23(/$":(/:-")&"08-/)-/("-+"
,$')-6('3$" &'" 2(" 23(22$A" '(++-" 28-" /-)&:-+("
-83$28Q:&('%-A" :$6(" 2822&23('3(" -22$+83-6('3(" 7(/"
2ZA"-+")&",8$/&")&"$0'&"/(+-%&$'("-)"8'-"/(-+34"T'&3->"=&$"M"
:&L" :K(" MA" (" :&L" :K(A" )&" :$'2(08('%-A" 2&" )(T'&2:(" &'"
/-77$/3$" -" 2(" 23(22$>" =&$" M" -" 2(" 23(22$" +-" 7/$7/&-"
)(T'&%&$'(A"+-"g(/&34":K("M"-"2("23(22-"+-"7/$7/&-"/(0$+-A"
+-"g&3-":K("M"-"2("23(22-"&+"7/$7/&$"/&36$>"=&$"M"&'(R(B&+("
7(/:KZ"M"6&23(/$>"=-<-'O"-"+8&"+1(2&23('%-"86-'-"O('("
0+&" $::K&" (" +-" B$::-" :K&82&" '$'" 7(/:KZ" =&$" 2-/(BB(" 8'"
)(2(/3$"<8$3$A"6-"7(/:KZ"7&8.$23$"+-"7/(2('%-"2<(+-3-"
M" (::(22&<->" !+# 7&9)&7"# ()# 4)30"%&# 2"%2+# (87R8"# ()#
"3$%)4"%"#,+# ()T"%"79+#"0"%7+g# ,+# 7&7L%",+9)&7"#7",#
3"73&# )7# 28)# ,-?33&,80&# S# 3"79+# 2&4$+%+9)&7"# +# 2)V#
2O"# 7&7# S# ,8)U# $"%2O]# 3)# ("_7)32"# )77+79)08;&# )7#
%+$$&%0&#+#3"#30"33&5#
C-"'$%&$'(")&"6&23(/$"'$'"M"8'"7/()&:-3$")(++-")&<&'&34"
,/-" 3-'O" -+3/&H" (22-" (27/&6(" 8'" 6$)$" )&" (22(/(" :K("
D"@8-+&T:-"E" 38S" 0+&" -+3/&" 7/()&:-O" '(+" 2('2$" :K("
/&:$'$2:&-6$" :$'" @8(23-" '$%&$'(" :K(" +1(22('%-"
)(++1Y22$+83$A")&":8&"2&"78L"2$+$"7-/+-/("&'"8'-"/(+-%&$'("
-+" T'&3$A" M" 2(67/(" 6&23(/&$2->" p'-" 7/$7$2&%&$'(" &'_
2('2-3-" (27/&6(" +1-S38)&'(" :K(" <$0+&-6$" 2800(/&/(!"
DY':KZ"2("&+"6$')$"'$'"(2&23(22(A"=&$"2-/(BB("-':$/-"
b&23(/$A" 7$&:KZ" M" &+" b&23(/$" :K(" M"E" 5C-B-//&M/(9>" *+"
6$<&6('3$" :$'" :8&" +1(2&23('%-" 86-'-" /&:$'$2:(" &+"
6&23(/$" )&" =&$" '$'" M" 2$+-6('3(" 8'" 6$<&6('3$" :K("
287(/-" +(" /-77/(2('3-%&$'&" :K(" :&" , -::&-6$"
'(:(22-/&-6('3(" /&08-/)$" -++1(22('%-" )&<&'-A" 6-" &+"
6$<&6('3$" :K(" '$'" 2&" )(T'&2:(" &''-'%&38.$" 0/-%&(" -"
@8(23$" 287(/-6('3$>" *)%"# 2O"# *)&# S# 4)30"%&# S#
.8+%(+%"# +,# 4&(&# ) 7# 28)# *) &# 3)# (" _7) 32"#
"33"79)+,4"70"#)7#3"#30"33&#"#$"%#3"#30"33&5

M5L#>)30"%&#"#0%+32"7("79+5
?(/" 2-+<-/(" &+" 2('2$" 7/$7/&$" )(++-" 7-/$+-"
D"6&23(/$"E" B&2$0'-" B-)-/(" :K(" +-" '$%&$'(" '$'"
2&-" -22&6&+-3-" -++(" (27/(22&$'&" :K(" 3(')$'$" -)"
(27+&:&3-/(" &'" =&$" &+" 28$" '$'_/-77$/3$" &'"
/ & , ( / & 6 ( ' 3 $" & ' ' - ' % & 3 8 . $" - +" 6 $ ' ) $"
53/-2:(')('%-A"3831-+3/$A"(22(/(A"2-:/$A"(3:y9>"C-"
'$%&$'(" )&" 6&23(/$" 6&/-" -" 2&0'&T:-/(" +-" <&3-"
)(++1Y22$+83$" &'" 2(" 23(22$" D"&')&7(')(6('3("E"
)-" $0'&" /-77$/3$" -+" 6$')$A" B(':KZ" @8(23$"
/-77$/3$"'$'"7$22-"(A")&":(/3$A"'$'")(<("(22(/("
2$77/(22$>" " \22-"'$'" :(/:-A")8'@8(A" -":$0+&(/("
+1Y22$+83$" :$6(" l$')-6('3$A" 7(/:KZ" '$'" M"
@8(23$" ,$')-6('3$" &'" @8-'3$" 3-+(A" '(+" 28$"
D"/8$+$"E" )&" ,$')-6('3$A" :K(" )(<(" (22(/("
6(22$"&'"+8:("7/&6->
a&2$0'-" ,-/(" -.('%&$'(" -':K(" -" '$'" )-/(" -"
@8(23-" '$%&$'(" 8'" 2('2$" 7/&6-" )&" 38.$"
(7&23(6$+$0&:$")&"8'"D"2(0/(3$"&67-/3(:&7-B&+("E"
(A")8'@8(A":$6("D"&':$67/('2&B&+("E>"

F&72,83)&7"

l$/68+-%&$'(" )(++-" )$6-')-!" 7(/:KZ" 7(/L" @8(23-" U(-+34" $/&0&'-+(" M" $/&0&'-/&-[" ?(/:KZ"
@8(23-"U(-+34A":K("-BB&-6$"/&:$'$2:&83$"'(++-"28-"-83$_28Q:&('%-"3-+(":K("+("/(-+34"T'&3("
'$'"-00&8'0$'$"'8++-"-":&L":K("(22-"MA"M"$/&0&'(["PK(":$2-"M")8'@8("+-"/(-+34"T'&3-")&":8&"
'$&"2-77&-6$":K("K-"2('2$"'(++-"U(-+34"-22$+83-"2('%-"7(/L":K("(22-"-00&8'0("'8++-"-++-"
28-"'-38/-["<"%2O]#[#+#_+72&#\#(",,-?33&,80&L>)30"%&#2-S#R8+,2&3+#"#7&7#78,,+o#

K5L# *8"# $&3)9)&7)# (+# 32+%0+%"B#

,-+%W)0%+%)"01# "# ,+# 7"2"33)01#
[#&70&,&.)2+#\5#
?5L#!-+%W)0%+%)"015

P5#<+%+(&33&5#
C(")8("'$%&$'&")&"Y22$+83$"(")&"b&23(/$"
K - ' ' $" 6 - ' & ,( 23-3$" ) 8 (" ( 2 7 (S"
(22('%&-+&" (" (3(/'&" )&" =&$>" =&$" M"
(3(/'-6('3(" Y22$+83$" (" (3(/'-6('3("
b&23(/$>" ;8.-<&-" \0+&" '$'" M" 2$+-6('3("
@8(23$>
*'"(R(SA"B(':KZ"+-"'$%&$'(")&"b&23(/$"
)&:-" +1Y22$+83$" -+" )&" ,8$/&" )&" $0'&"
/(+-%&$'(" -++-" T'&38)&'(A" (22-" &67+&:-"
:&$'$'$23-'3(" (" '(:(22-/&-6('3("
@8(23-"/(+-%&$'(>"*'"2("23(22$"("7(/2&'$"
-22$+83-6('3(A" +1Y22$+83$" M" 6&23(/$A"
6-" -++$" 23(22$" 3(67$" M" +1(2&3('%-"
86-'-" :K(" ()2"" +-" '$'_/(+-%&$'(>" V/-"
8'"()%""M"7(/"(22('%-"/(+-%&$'(>"b-&"&'"
'(228'" 6$6('3$A" +-" 7/(2('%-" )(++-"
/(-+34"T'&3-"M"23-3-"6(22-",/-"7-/('3(2&>
;-+(" MA" )&" :$'2(08('%-A" &+" $+%+(&33&!"
7-/+-')$" /(-+6('3(" )&" '$'_/-77$/3$"
+-2:&-6$" 2$/0(/(" &'2&(6(" &+" /-77$/3$>"
? - / + - ' ) $" ) &" = & $ A" 7 - / + & - 6 $"
'(:(22-/&-6('3(" )(++18$6$A" -+6('$"
2$.$" +-" ,$/6-" &'" :8&" M" 7/$7/&$" +18$6$"
:K("@8&"("$/-"7-/+-")&"=&$>"
W(" )8'@8(" <$0+&-6$" :$67/(')(/(" +-"
/(-+34" T'&3-A" M" )-+" T-':$" )&" =&$" :K("
)$BB&-6$" )&" '8$<$" 08-/)-/(" 7(/"
/ ( ' ) ( / : &" : $ ' 3 $" : K (" D " , +# 7 & 7 L
%"2)$%&2)01U# 2O"# 3)# 32&$%"# R8)# 2&4"# ,+#
,".."# (",# %+$$&%0&# J%+# *)&# "# ,-8&4&U#
,&70+7&# (+,,-+W&,)%"# ,+# %",+9)&7"U# ,+#
J & 7 ( +#
$ ) 8 ; & 3 0 &#
("0"%4)7+7(&,+"E"5C-B-//&M/(9>

#$'_-66&2&$'(" )(++1(2&23('%-" )&" =&$" (A"

)8'@8(A"/&T83$")(++-":/(-%&$'(>
G f" , $ / 6 - !" / & T 8 3 $" ) &" / & : $ ' $ 2 : ( / ("
(27+&:&3-6('3(" &+" :$':(.$" )&" =&$A" 6-"
/&:$'$2:&6('3$" )(++1('&06-" 56&23(/$9"
)(++1(2&23('%-"86-'-"5P,>"b(/+(-8_?$'39>
Ff",$/6-!"+1(22(/("86-'$"M"2$+$"+1&':(22-'3("
6$<&6('3$",/-"+1-S<&34"("+-"7-22&<&34>"U&T83$"
-22$+83$" )&" =&$A" :$',(22&$'(" )(++1-228/)&34"
3$3-+("5W-/3/(9>"
Y66&2&$'(" )(++1(2&23('%-" )&" =&$A" 6-" &+"
6$')$"M"8'":-7/&::&$"&0'$B&+(")(++-")&<&'&34"
5W:K$7('K-8(/9" $A" 8'-" 6-::K&-" )&" $6B/-"
'(++$" 27+(')$/(" )(+" 2$+(A" )(++$" 27&/&3$" 5:(/O"
3(67(/-6('O"7+-3$'&:&9>
N8(23(" )8(" -S38)&'&" :&" 23/&'0$'$" ,/-" &+"
)&+(66-" 2(08('3(!" $" :$67-/3-/:&" :$6(" 2("
+1(2&23('%-" ,$22(" &'" (R(S" &'2('2-3-A" 6-" &'"
@8(23$" :-2$" /&'8':&-/(" -)" $0'&" 3($/&-H" $"
:$',(22-/(" :K(" +1(2&23('%-" T'&3-" K-" 2('2$" ("
)8'@8(" /&:$'$2:(/(" :K(" +-" :$'O'0('%-" '$'"
M"$8%+":$'O'0('%->
=-+" 2(:$')$" :-7&3$+$" 2-77&-6$" :K("
+1(2&23('%-" 86-'-" K-" 2('2$" 2$+-6('3("
'(++1Y22$+83$H" 7&7# $&33)+4&# (87R8"# 7",#
% ) 2 & 7 & 3 2 ) 4 " 7 0 &# ( " ,# D & 7 ( + 4 " 7 0 &#
2&4$%"7("%2)#2&4"#+22)("70+,)#&#J&%08):>

c5L#!+#7"22"3)01#[#&70&,&.)2+#\5#

W(" 7(/L" /&T8O-6$" +1-/B&3/-/&(34" 5&+" '$'_

2 ( ' 2 $ 9 A" - : : ( S - 6 $" + -" ' ( : ( 2 2 & 3 4"
D"$'3$+$0&:-"E[" N8(2318+O6-" 6-'O('(" -+"
+&<(++$" )&" &'3('O" +1(3(/'-" )&R(/('%-" ,/-" &+"
P/(-3$/(" (" +(" " :/(-38/(A" /&T83-" 38.-<&-" )&"
<()(/("'(+"6$')$"8'-"/(-+34"'$'"(22('%&-+("
-++-" '-38/-" )&<&'->" ?(/" @8(23-" -S38)&'(A"
+18$6$" M" 8'" (22(/(" )&" '(:(22&34" &'" =&$A" '(+"
2('2$"&'":8&"+18$6$A"6-'&,(23-%&$'("T'&3-")&"
=&$A" M" '(:(22-/&$" -++-" <&3-" &'T'&3-" &'" @8-'3$"
3-+(" 57(/" +-" 7/(2-" )&" :$2:&('%-" )&" 2Z" (" +-"
7/$7/&-" /(-+&%%-%&$'(9>" #$'" M" )8'@8("
2$+-6('3(" +-" :/(-38/-" :K(" K-" B&2$0'$" )(+"
P/(-3$/(A" &+" P/(-3$/(" -':K(" K-" ,-6(" )(++-"
:/(-38/-"-+"T'(")&"/(-+&%%-/("&+"28$")(2&)(/&$"
)&"-6-/2&"(")&":$'$2:(/2&H":$2-":K("78L",-/("
2$+$"&'"8'"-+3/$")-"2Z>"
?(/" '$&" 8'1-S38)&'(" 3-+(" M" &'-::(.-B&+("
7$&:KZ" (22-" <-" &':$'3/$" ,-+80&38N2)"79+# ()#
*)&# )7# 3"# 30"331# )7()$"7("70"4"70"# (+,,+#
2%"+9)&7"5
6,# 2&4$)0&!" 7(/" &':-66&'-/:&" <(/2$" +1$/&0&'("
/-)&:-+(" )(+" 6$')$A" +-" <&-" :K(" 2&" -7/(" ("'"#
0"70+%"# ()# $+33+%"# J%+# ,-+%W)0%+%)"01# "# ,+#
7"22)301# [#&70&,&.)2+#\>" " *'" -+3/&" 3(/6&'&A" +-"
/&27$23-" -+" 7(/:KZ" )(++-" :/(-%&$'(" '$'" 78L"
)-/:('(" +1&66-0&'(" )&" 8'" 0&$:$" ,$/38&3$A" 'Z"
+-2:&-/:&" &'3(')(/(" :K(" =&$" 2('%-" +-"
:/(-%&$'(" 2-/(BB(" D"&':$67+(3$"E>" #(+"
7/&6$" :-2$A" 2-/(66$" 0(.-O" 28+" +-3$" )(+"
'$'_2('2$H" '(+" 2(:$')$A" +-" )&23-'%-" &'T'&3-"
:K("(2&23(",/-"=&$"("+18$6-"2-/(BB(")&23/8.-A"
("'$'"7$//(66$"6-&"+-")$6-')-")(+"2('2$"
)(++-":/(-%&$'(A"7$&:KZ"-++$/-"'$'"-</(66$"
'(66('$"+1&)(-")(++-"'$23/-":$'O'0('%->"

M5# =+.)&7"# 8,:4+# (",,-"3)30"79+# (",,-"33"%"#

_7)0&5
?$&:KZ" &'" 8'1(27(/&('%-" (<&)('3(" -BB&-6$" /&:$'$2:&83$" +-"
'$23/-":$'O'0('%-"(A")&":$'2(08('%-"(":$'3(67$/-'(-6('3(A"
+1(2&23('%-" )&" 8'" Y22$+83$A" <&3-" 28Q:&('3(" &'" 2(" 23(22-A" S#
7"2"33+%)+4"70"# )7# R8"30+# ')0+# 2O"# 3)# 0%&'+# ,+# %+.)&7"# (",,+#
7&30%+#')0+5"i8+,"#S#$"%V#R8"30+#%+.)&7"o

+Y# i8"30+# %+.)&7"# $8V# 3'",+%3)# +# 7&)# 3&,&# +,#

,)'",,&#"3)30"79)+,"5
*+" 78/$" &'3(++(.$" 3/$<-" +-" @8(2O$'(" 28++-" /-0&$'(" )(++-"
:/(-%&$'("&'8O+(A"<&23$":K("&+"6$')$"B-23-"-"2("23(22$"5:,>"
b-/|9>
V" (22$" 7$'(" +-" )$6-')-A" 6-" 2&" )&B-.(" '(+" )&+(66-"
2(08('3(!

W("=&$"M"<(/-6('3("&'(R-B&+("52('%-"'(228'$"/-77$/3$":$'"'$&9"
'$'" 78L" (22(/(" 7(/" '$&" :K(" 8'-" 2$/3-" )&" '$'_(22(/(>" C-"
:/(-%&$'("M"-++$/-"&'(27+&:-B&+(A"7$&:KZ")-+"'$'_(22(/("'$'"78L"
82:&/("'8++->
W(" -+" :$'3/-/&$" =&$" M" &+" 7/&':&7&$" -22$+83$" )&" 38.(" +(" :$2(A"
B&2$0'-" /&:$'$2:(/0+&" -++$/-" 8'-" 2$6&0+&-'%-" -++-" /(-+34" T'&34" ("
)&" :$'2(08('%-" :$':(7&/(" +1Y22$+83$" :$6(" -<('3(" /-77$/3$" -+"
/(+-O<$A" :$6(" &':+8)('3(" &+" /(+-O<$" &'" 2(" 23(22$A" (" )8'@8("
:$':(7&/+$":$6("'$'_-22$+83$>
*+" )&+(66-" 7/(:()('3(" M" 8'-" :$'3/-))&%&$'(" &'2$+8B&+(" 7(/"
+1&'3(++(.$A" 7$&:KZ" (22$" 7$'(" +-" @8(2O$'(" )(++-" :/(-%&$'(" &'"
3(/6&'&")&")(3(/6&'-%&$'&"52:&22&$'&"8'&+-3(/-+&9>"?(/"+1&'3(++(.$A"=&$"
M" (22('%&-+6('3(" +1*')(3(/6&'-3$" &'" $77$2&%&$'(" -++-" /(-+34" T'&3-"
)(3(/6&'-3->" *'"@8(23-"$S:-"(<&)('3(6('3("+1$/&0&'(" )(++18$6$"-"
7-/O/(")18'" =&$"3-+("-77-/("8'"'$'_2('2$>" p'-",$/68+-%&$'("3-+("
+-2:&-" -67+&-6('3(" &'3(')(/(" :K(" =&$" M" )(T'&3$" &'" 6$)$"
-'3/$7$:('3/&:$A"&'"$77$2&%&$'("-++-"/(-+34":$'O'0('3(>"
W$.$"+-"'$%&$'(")&"b&23(/$"-BB&-6$"&'&%&-3$"-"&'3/-<()(/(":K("=&$"
'$'"2&")(T'&<-"&'"/(+-%&$'("-"@8-+8'@8("-+3/-":$2-A"6-"2$+-6('3("
&'" /(+-%&$'(" :$'" 2(" 23(22$>" j# $"%# R8"30&# 2O"# ),# ()+,&.&# 0%+# *)&# "#
,-8&4&# 7&7# $8V# +T+;&# 0%+(8%3)# )7# 87+# ()+,"/2+# ()# "33"%"# "# ()#
7&7L"33"%"" :K(" M" 8'-" )&-+(S:-" -':$/-" ,$/6-+(A" :K(" (27/&6("
7/$7/&$" +1&67$3('%-" )(++18$6$" -" /&:$':&+&-/(" )-" 2(" 23(22$" &" )8("
(+(6('O":K("+$":$2O38&2:$'$>
N8-')$" )&:&-6$" D"+&<(++$"(2&23('%&-+("EA" &')&:K&-6$" 7(/" @8-'3$"
7$22&B&+(" @8(23-" ')0+# ()')7+# 2O"# 7&7# 3)# ("0"%4)7+# .%+9)"# +#
7)"70%-+,0%&# 2O"# +# 3"# 30"33+5" s" &'" @8(23-" 7/$27(S<-" :K(" 2&" 78L"
7-/+-/(" )(++-" !)W"%01# ()')7+A" 6-" -" :$')&%&$'(" (<&)('3(6('3(" )&"
&'3(')(/(" :$'" :&L" 8'1-83$_)(3(/6&'-%&$'(" )&" 2Z" :K(" '$'" 2&"
-77$00&-" 28" '&('3(" )&" (23(/&$/(A" :$6(" M" &+" :-2$" 7(/" +-" +&B(/34"
86-'->" C-" /-0&$'(" )(++-" :/(-%&$'(" '$'" 78L" (22(/(" :(/:-3-" 'Z" &'"
8'-" )(/6&'-%&$'(" @8-+8'@8(" 52$.$" +-" ,$/6-" )(++1(22(/(9" $" &'" 8'-"
&')(3(/6&'-%&$'("@8-+8'@8("52$.$"+-",$/6-")(+"'$'_(22(/(9A"6-"&'"
@8(23-" (27-'2&$'(" &'T'&3-6('3(" /&::-" )&" =&$" &'" 2(" 23(22$A"

<&)2O]#
+WW)+4&# %)2&7&32)80&# 2O"# ,-"3)30"79+# 84+7+#
O+#7",,-?33&,80&#,+#38+#&%).)7"U#S")8'@8("+;%+'"%3&#,+#

(27-'2&$'(" :K(" 7$22&-6$" :K&-6-/(" !)W"%015#

7&9)&7"# ()# !)W"%01" 4)30"%)&3+A" :KM" M" 8'-" )(3(/6&'-%&$'(" 7&]"

:$':/(3-" )&" =&$" :K(" @8(++-" )&" Y22$+83$A" 2O"# $&33)+4&# 32&$%)%"# ),#
$"%2O]#(",,+#2%"+9)&7"5
N8&A" '$'" 7&]" :K(" -+3/$<(A" '$'" 2&" 3/-.-" 7(/" '$&" )&" )()8//(" @8(23-"
/-0&$'(A"6-"'(+"/&:$'$2:&6('3$A"-':$/-"<-0-",$/2("6-"/(-+(A")(++-"
C&B(/34")&<&'-A")&"+-2:&-/("-77-/&/("&'"'$&"&+"2('2$")&"@8(23-"+&B(/34>"
C-"'$%&$'(")&"-83$_28Q:&('%-")&"=&$"'$'"K-"-22$+83-6('3("'&('3("
-":K("<()(/(":$'"@8-+:K("(0$:('3/&26$>" =&$"&'"2("23(22$"'$'"78L"
:$':(7&/2&" :$6(" 8'" :(/:K&$" :K&82$>" s" 7(/" @8(23$" :K(A" B(':KZ" =&$"
2&-"7(/,(.-6('3(":$67&83$"&'"2("23(22$"`"("&'"@8(23$"2('2$"2&"78L"
T08/-/2&" 8'-" <&3-" :&/:$+-/(" _A" -++$" 23(22$" 3(67$" @8(23-" 7(/,(%&$'("
)(<(" (22(/(" /-77/(2('3-3-" :$6(" 8'-" :$23-'3(" (27-'%&$'(>" s"
(22('%&-+(" -++-" g&3-" 6&23(/&$2-" )&" (22(/(" 2('%-" +&6&3(A" 6-" @8(23$"
,-.$")&"(22(/("2('%-"+&6&3("M"&+"28$"D":$67&6('3$"E"23(22$>
YBB&-6$" 0&4" '$3-3$" :K(" +1(2&23('%-" 86-'-" 2&" 2<&+877-<-" 6()&-'3("
8'" 6$<&6('3$" &'2&(6(" +&'(-/(" (" :&/:$+-/(A" -++$" 23(22$" 6$)$"
)$BB&-6$" T08/-/(" +-" g&3-" )&<&'-A" :$'" +-" )&R(/('%-" /-)&:-+(" :K(" +-"
<&3-" )&<&'-" M" :$2^" &'" &':(22-'3(" )&27&(0-6('3$" (" &'" /&7/(2-" '$'"
7(/:KZ" 7$/3(/(BB(" &'" (22-" -':K(" @8-+:K(" T'&38)&'(A" 6-" 7(/:KZ"
(22-" M" /(-+6('3(" &'T'&3->" W(" &+" 6$<&6('3$" )(++1(2&23('%-" 86-'-"
:$'O('(" 2(67/(" 8'" -27(.$" )&" D"'8++-"EA" )$</(66$" )&/(" -+"
:$'3/-/&$":K("'$'"M"7(/"<8$3$"5$"7(/")(T:&('%-9":K("=&$"M"&'"(23-2&"
)-"2("23(22$A"6-"7(/"7&('(%%-A"7(/"8'-"2$/3-")&"(::(22$":K("M"+-"28-"
#-38/->

WY5#C2&$%)%"#,+#%+.)&7"#7",,+#!)W"%01#4)30"%)&3+5

Y77-/(" @8&" +1&66-0&'(" +-" 7&]" -+3-" )&" =&$" :$6(" ."7"%&3)01#
"22"33)'+>" " l$/2("(22-"-7/("8'-"@8-+:K("+8:("28++-"/-0&$'(")(+"
6 $ ' ) $ >" ;8 . -< & - A" 2 & - 6 $" & '< & 3 - O" - )" - : : ( . - /(" 8 '"
D"-''&('3-6('3$"EA" 8'-" D"3/-2,$/6-%&$'("E!" B&2$0'-" -::(.-/(A"
-':KZ"2("M")&Q:&+("7(/"+-"'$23/-"'-38/-A")&"(22(/(":/(-O")-"8'"
\22(/(" :K(" '$'" K-" '(228'" D"B&2$0'$"E" 7(/" 2(" 23(22$" )(++-"
'-38/-" 86-'->" U&:$'$2:(/(" 7(/L" :K(" =&$" '$'" K-" '(228'"
B&2$0'$" 7(/" 2(" 23(22$" )(+" 6$')$A" M" &'&%&-/(" -" 2:$7/&/(" :K(" &+"
6$')$"K-"8'"2&0'&T:-3$"'$'",-'3-2&$2$"6-"-22$+83$>
N8(23$" M" &+" 7-/-)$22$!" +-" /(-+34" :$'O'0('3(" M" '-3-" )-" @8(23-"
(28B(/-'%-" )(++-" C&B(/34" )&<&'->" !+# 2%"+9)&7"# 7&7# O+# %+.)&7"#
5'(+"2('2$")(++1&'3(++(.$9U#4+#R8"30&#[#3"79+#%+.)&7"#\#S#,+#38+#
%+.)&7"# 30"33+5" *+" 2(0/(3$" )(++-" :/(-%&$'(" M" &+" 2(0/(3$" )(++-"
+&B(/34A")&"8'-"C&B(/34":K("M"7(/"(22('%-"!)W"%+,)01>
:9"C-"C&B(/34"-22$+83-"M"(22('%&-+6('3("C&B(/-+&34"-22$+83->
\'3/&-6$":$2^")&"7&]"'(+"7(/:KZ")(++-"/(-+34":$'O'0('3("7/$7/&$"
)-+" ,-.$" :K(" +1(22('%-" )&<&'-" 2&" 23-" /&<(+-')$" -" '$&" '(&" 28$&"
-27(S" 7&]" 7/$,$')&>" #$&" D"2-77&-6$"E" &'" (R(S" $/-" :K("
+1\2&23(/("-22$+83$"M" W(0/(3$A":K("8'"2(0/(3$"3-+("M",$')-3$"28"
8'-"C&B(/34"3$3-+(A"("-BB&-6$"-77('-"&'3/-<&23$":K("87+#,)W"%01#
0+,"#S#"30%"4+#!)W"%+,)015

2Y#!)W"%01#+33&,80+#2&4"#,)W"%+,)01#+33&,80+5

P$'"+-"'$%&$'(")&"!)W"%+,)01"<$0+&-6$"2800(/&/(":K("*)&#S#,+#="+,01#
3"79+#2+,2&,&>" =&$"'$'":-+:$+->" C-"6&28/-")(++1Y22$+83$"M")&"(22(/("
2('%-"6&28/-"3-'3$"'(+"6$')$"@8-'3$"&'"2("23(22$>" U-00&8'0&-6$"
:$2^"/&:$'$2:(')$+-"(2-.-"+1(27/(22&$'(")(++-"2:$+-2O:-")(+" b()&$"
\<$!"D"0!/23-4&X28&%23-82&"E>"\22-"<8$+("&')&:-/(",-"33"79+#()#*)&#
2O"# )7# 3"# 30"33+# "# 7",,+# 2%"+9)&7"# S# "T83)&7"# X()T83)&7"Y# 3"79+#
2&70+%"U#"3$+73)&7"#."7"%&3+#"#0&0+,"#.%+08)015# H",,+#38+#&%).)7"#
%+()2+,"U# ),# 4&7(&# +$$+%"# 2&3h# ()# 87+# .%+08)01# 3&'%+7+>" ?(/"
(27/&6(/(" @8(23-" (27-'2&$'(" 0('(/$2-" )&" =&$" '(++18'&<(/2$A" &+"
<$:-B$+$" 86-'$" -::/()&3-3$" 8'&<(/2-+6('3(" )-+" :/&2O-'&26$" M" +-"
7-/$+-"?4&%">"*)&#S#?4&%">"
C-" :$67/('2&$'(" )(++1$/&0&'(" )(+" 6$')$" -" 7-/O/(" )-++-" m/-38&34"
)&<&'-" 7$/3-" -++-" +8:(" 8'" '8$<$" 2-7(/(!" ,-?33&,80&# S#
[#,!1)3'%&!452,"%2)#\5# *)&#S#4+7)J"30+9)&7"#"#%)'",+9)&7"#()#3]>""
=&$"'$'"M"8'"(22(/("2$+&3-/&$"5<2"(0$:('3/&26$9>" P$6("+&B(/-+&34"M"
-7(/3$H" (A" 7(/" @8(23$A" (22(')$" (22('%&-+6('3(" -7(/3$A" M" &'" 2("
23(22$"8'"6$')$A"M"8'&<(/2$>"s"@8(23$":K("+("'$%&$'&")&"/&<(+-%&$'("
(")&"6-'&,(23-%&$'("(<$:-'$>"C-"7/$B+(6-O:-":$'3(67$/-'(-A":$'"
+-"28-":$':(%&$'(")(++-"<(/&34":$6("(22(/("("2<(+-6('3$A"-7/("8'-"
<&-" :K(" 3(')(" -" )(2$23-'%&-+&%%-/(" +1(22(/(A" -" )(T'&/+$" &'" @8-'3$"
(22(/("&'"6$<&6('3$")&"(23-2&"<(/2$"8'"-+3/$A")&"-''&('3-6('3$"7(/"
+1-+3/$>" \)" M" @8(23$" 6$<&6('3$" 23(22$" :K(" )(T'&2:(" +1(22(/(!" ,-"
7-/3(" )(++1(22('%-" )&" $0'&" (22('3(" +1(22(/(" 6-'&,(23-%&$'(" )&" 2("
23(22$>" C1(22('%-" )(++1(2&23('3(" 86-'$" 78L" 2:$7/&/2&" 2$+$" -" 7-/O/("
)-++1Y22$+83$")&":8&"-BB&-6$"/&:$'$2:&83$":K("7&7#S#3&,+4"70"#4+#
2O"# ,+# 38+# "33"79+# S# $%"2)3+4"70"# ()# "33"%"# 4+7)J"30+9)&7">"
?$22&-6$")8'@8("T'")-"$/-"&')&:-/("+1(22('%-")(++-":/(-%&$'(":$'"
+-" ,$/68+-" 2(08('3(!" ,+# ,)W"%+,"# "# .%+08)0+# 4+7)J"30+9)&7"#
(",,-?33&,80&#+#(".,)#"33"%)#_7):#2%"+:#$"%#R8"30+#4+7)J"30+9)&7">

(Y# !-8&4&# S# "33"79)+,4"70"# *)&# 2&4"#

_7)08()7"5
\27+&:&O-6$"8+3(/&$/6('3("+-",$/68+-"7/(:()('3(":K(")(T'&2:("
+-":/(-%&$'(":$6("+-"6-'&,(23-%&$'(")(++1Y22$+83$"-")(0+&"(22(/&"
T'&O":/(-O"7(/"@8(23-"6-'&,(23-%&$'(>
#(:(22&34")&"(<&3-/("8'"6-+&'3(2$"D"&'3(++(.8-+("E!":$'2&)(/-/("
+1$7(/-")&"=&$":$6("8'"27(.-:$+$>"=&/(":K("+18$6$"M":/(-3$"$"%"
+-"6-'&,(23-%&$'(")&<&'-A"7$3/(BB("2800(/&/(":K("+18$6$"/&:(<-"
@8(23-"6-'&,(23-%&$'("7(/":$2^")&/(")-++1(23(/'$"$":K("<&"-22&23-"
:$6("-"8'-"/-77/(2('3-%&$'(>"C18$6$"2-/(BB(":$2^":$'2&)(/-3$"
:$6("D",8$/&"E")&"=&$>
C-",$/68+-")(<("(22(/("&'3(2-":$2^!",-8&4&#S#4+7)J"30+9)&7"#()#
*)&>"?(/":$0+&(/("38.-"+-"<(/&34")&"@8(23-"7/$7$2&%&$'(A"B&2$0'-"
/(')(/2&" :$'3$" :K(" '$'" M" +-" 23(22-" :$2-" )&/(!" =&$" 2&" 6-'&,(23-"
-++18$6$" (" +18$6$" M" 6-'&,(23-%&$'(" )&" =&$>" #(+" 7/&6$" :-2$A"
+1(2&23('%-"86-'-"M"&+"3&..";&#+#28)"M",-.-"+-"6-'&,(23-%&$'(H"
'(+" 2(:$')$" :-2$A" "33+# 3)# 2&7J&7("# )7# 87# 2"%0&# 3"73&# 2&7#
R8"30+# 4+7)J"30+9)&7"" (" 2&0'&T:-" (2-.-6('3(" @8(23$!" *)&# 3)#
4+7)J"30+#2&4"#8&4&>"
W("2$.$"&+":$':(.$")&"6-'&,(23-%&$'("2&"&'3(')(22("2$+-6('3("
+1-.$"6()&-'3("&+"@8-+("+1Y22$+83$"82:(')$")-"2("23(22$"2&"7-+(2-"
-++-" T'&38)&'(A" 2&" /(23(/(BB(" &'" 8'-" 7/$27(S<-" &'" :8&" +-"
@8(2O$'(" )(++1$/&0&'(" /-)&:-+(" )(++1(2&23('%-" '$'" 2-/(BB("
'(66('$" 7$23-A" 7$&:KZ" +18$6$" 2-/(BB(" :$'2&)(/-3$" :$6("
(23/&'2(:$"-" =&$A":$6("(2&23('3("&'"8'"@8-+:K("6$)$"+#_+72&"
)&" =&$>" C18$6$" 2-/(BB(A" =&$" 2-/(BB(A" (" =&$" 2&" 6-'&,(23(/(BB("
-++$/-" 6()&-'3(" 8'-" 2$/3-" )&" -::$)&2:(')('%-" <(/2$" +-" 28-"
:/(-38/->"P$6("2&"7$3/(BB("7-/+-/(")&":/(-%&$'("&'"8'1-S38)&'("
2&6&+(" :K(" 2(7-/&" :$2^" &+" 2()&:('3(" -.$" :/(-3$/(" (" +1-.$"
/&<(+-3$/("56-'3('(')$"8'-")&23-'%-"27-%&-+(",/-"+1Y22$+83$"("&+"
T'&3$9[

=&" :$'2(08('%-A" +1(22(/(" :/(-3$" M" 7/$7/&$" 8'-" /(-+34" :K("

7/$:()(" ()%";+4"70"" )-" = &$>" C "# ,+# 2%"+9)&7"# S#
4+7)J"30+9)&7"# ()# *)&U# S# $%&$%)&# R8"30-8,:4+# +(# "33"%"# 0+,">"
#$'" 2&" 3/-.-" 7(/" +18$6$" )&" /&j(.(/(" 28++-" /(-+34" :/(-3-" (" )&"
2:$7/&/<&A"7(/":$2^")&/("6-7!8'#5&!5&A"+-"7/(2('%-")&<&'->"N8-')$"
+1(2&23('3(" 86-'$" 2&" +-2:&-" 27/$,$')-/(" '(+" 6$<&6('3$"
:/(-3$/(A" @8(23$" 6$<&6('3$" +$" 7$/3-" <&-" T'$" -++-" 28-" $/&0&'(A"
:K(" M" (22-" 23(22-" 2('%-" $/&0&'(A" $" :K(" M" +$" 23(22$A" :K(" M" -" 2("
23(22-" +-" 7/$7/&-" $/&0&'(>" C1(2&23('3(" 86-'$" 2&" :$'$2:(" -++$/-"
:$6("20$/0-'3("&'"$0'&"&23-'3(")-++1-B&22$"-22$+83$>"P$'"@8(23$A"
/&:$'$2:&-6$A" &'" 8'-" :$',(22&$'(" 6$+3$" $2:8/-A" :K(" 0%+# *)&# "#
,-8&4&#7&#2-S#+,0%+#_.8%+U#+,0%+#%+.)&7"#2O"#*)&#3&,&>
N8-+:K("$22(/<-%&$'(!
#(:(22&34" )&" )&,(')(/2&" :$'3/$" &+" 6&/-00&$" D"$'3$+$0&:$"E" :K("
2800(/&2:(" :K(" =&$" (" +18$6$" 2$'$" 7/(2('O" :$6(" )8(" /(-+34A"
:$6(" )8(" (22('O" &'2&(6(" 2&6&+&" (" )&R(/('O" (A" )8'@8(A"
7-/-0$'-B&+&>" W(67/("/&:$/)-/2&")(++-"'$%&$'(")(+" b&23(/$!" *)&#
S# 2)V# 2O"# 7&7# 3)# 2&4$+%+# +# 78,,+A" 7$&:KZ" =&$" M" $0'&" /(-+34A" &+"
7/&6$"("+18+O6$"2('2$")&"38.-"+-"/(-+34>
#(:(22&34" )&" 3$0+&(/(" +1(@8&<$:$" )&" 6(%%$" '(++-" )$6-')-" 28++-"
/-0&$'(" )(++-" :/(-%&$'(" !"D"?(/:KZ" +# _+72&" )(++1Y22$+83$" :1M"
@8-+:$2-" 7&8.$23$" :K(" &+" '8++-["E>" 67# %"+,01U# +# _+72&#
(",,-?33&,80&U#7&7#2-S#7)"70"U#$&)2O]#7&7#3&,+4"70"#),#4&7(&#
4+#,-8&4&#7&7#J+#784"%&#2&7#*)&>""N8-')$")&:&-6$":K("=&$"M"
&+" 7/&6$" (" +18+O6$" 2('2$" )&" $0'&" /(-+34A" <$0+&-6$" )&/(" :K(" &+"
6$<&6('3$":/(-3$/(A")7#08/#)#38&)#4&4"7:A"(27/&6("=&$"("=&$"
2$+$A"7$&:KZ"'$'":1M"'&('31-+3/$":K("+8&>"#$'"2$+-6('3("-++1&'&%&$"
("-++-"T'(A"6-"2(67/("38.("+(":$2(")&:$'$"=&$"("'&('31-+3/$>
C18$6$"'$'"M")8'@8("8'-"2$/3-")&"6()&-%&$'("(23(/&$/("0/-%&("
-++-" @8-+(" =&$" 0&8'0(/(BB(A" 287/&6(')$+-A" -" :$'$2:(/("
(27+&:&3-6('3(" 2(" 23(22$>" A.,)# S# "33"79)+,4"70"# )70"%)&%"#
+,,-+4&%"# ,)W"%&# "# ,)W"%+,"# 2O"# 3)# 2O)+4+# *)&5# !-8&4&# S# *)&#
30"33&# 4+7)J"30+7(&3)# 2&4"# _7)0&U# [#,-8&4&# S# *)&# $"%#
$+%0"2)$+9)&7"#\"5W>"m&$<-''&")(++-"P/$:(9>
C18$6$" M" (22('%&-+6('3(" =&$" :$6(" T'&38)&'(" $" D"=&$" 7(/"
7-/3(:&7-%&$'("E>
\<&3-/(")&"'8$<$"8'"6-+&'3(2$!"2&"7$3/(BB("&'3(/7/(3-/("@8(23-"
8+O6-",$/68+-":$6("2(A"(22(')$"7$23-"+-"'-38/-"86-'-A"(22-"
-<(22("-++$/-"7-/3("-++-"<&3-")&<&'-A":$6("2("+18$6$":$')8:(22("
8'-" )$77&-" <&3-A" 8'-" <&3-" 86-'-" (" 8'-" <&3-" )&<&'->" YS38)&'("
'-38/-+&23-" 2(:$')$" +-" @8-+(" @8-+:$2-" )(++-" /(-+34" T'&3-" M"
2$./-3$"-++-"7/(2('%-")&<&'->"
#$'":1M")8-+&26$A"'$'":1M")-"8'"+-3$"+1(22(/("86-'$"(")-++1-+3/$"
&+" 28$" :-/-.(/(" )&<&'$>" !+# ')0+# ()')7+# 7&7# S# 87# $%"()2+0&#
(",,-"3)30"79+# 84+7+g# 4+# ,-"3)30"79+# 84+7+U# 7",,+# 38+#
"33"79+U# S# 08;-)70"%+# ')0+# ()')7+5" W(" ,$22(" )&<(/2-6('3(A" &+"
6$<&6('3$" )&" 6-'&,(23-%&$'(" :K(A" 7-/3(')$" )-" =&$A" -" C8&"
/&3$/'-A" :(22(/(BB(" -)# 87# 4&4"70&# (+0&" )&" (22(/(" &'" =&$>" C-"
/(-+34" '$'" 78L" (22(/(" :$2^H" 2$.$" @8-+8'@8(" ,$/6-" (22-" 2&-A" 2&"
78L"3/-.-/("2(67/("("2$+$")&"=&$>"=&$A")8'@8(A"M"("2-/4"2(67/("
&+" 2$+$" 2$00(.$" )(++18'&<(/2$>" ;-+(" M" +18+O6-" :$',(22&$'("
)(++1(27(/&('%-"/(+&0&$2-"'(++-"28-"$/&0&'("/-)&:-+(>
?/(:&2&-6$!" D"C-" <&3-" :K(" M" =&$A" M" +-" <&3-" )&" :8&" +18$6$" <&<("E>"
;8.-<&-" +18$6$" +-" <&<(" &'" 8'" 6$<&6('3$" )&" /&:$'$2:&6('3$"
5-':K(")&"/&:$'$2:('%-9")18'")$'$"$/&0&'-/&$":K("+$":$2O38&2:("
0/-38&3-6('3(":$6("7-/3(:&7(")&"8'-"7&('(%%-"-83$28Q:&('3("&+"
:8&" 7/$7/&$" M" )&" :$68'&:-/2&>" N8(23$" 6$<&6('3$" )&"
:$68'&:-%&$'(A" :K(" M" +1(22('%-" )(++-" <&3-" )&<&'-A" 2&" 7/$+8'0-"
'(++-" /(-+34" T'&3-" :$6(" 8'1(2&0('%-" ,$')-6('3-+(" )(+" 28$"
(22(/(" 7-/3(:&7-3$A" :K&-6-3$" -" :$67&(/2&" 2(08(')$" &+" )$'$"
$/&0&'-/&$>"*'"<&/3]")&"@8(23$"8+O6$A"+18$6$"M")8'@8("=&$"2$.$"
+-"6$)-+&34")&")&<('3-/+$H"(0+&"(2&23("(")(<("(2&23(/(":$6("=&$A"("
:$&M")$'-')$2&>"

P5#=)3$&30"#+(#+,287"#&W)"9)&7)5
+Y# !+# $%&$&3)9)&7"B# [#!-8&4&# S# *)&#
30"33&#4+7)J"30+7(&3)#2&4"#_7)0&#\#7&7#
S#87+#$%&$&3)9)&7"#$+70")30+5#
*+"7-'3(&26$"3(')("-"2$77/&6(/("+-")&2O'%&$'("/-)&:-+("
,/-" &+" P/(-3$/(" (" +-" :/(-38/-" (A" )8'@8(A" -)" -R(/6-/("
+1&)('O34" &66()&-3-" )(++1Y22$+83$" (" )(++-" /(-+34"
:$'O'0('3(>" N8&" '$'" :1M" '8++-" )&" 2&6&+(>" C1(2&23('%-"
86-'-A" '(++-" 6&28/-" &'" :8&" 2:(')(" 7&]" -+" :8$/("
)(++1Y22$+83$A" /&:$'$2:(" )&" 7&]" &+" 28$" -27(.$"
:$'O'0('3(>"?&]"(22-"M"-22$+83-A"7&]"-':K("&'"8'"6$)$"
/(-+("M":$'O'0('3(A"7$&:KZ"M"'(++-":$',(22&$'(")(+"28$"
'$'_2('2$":K("2:$7/("+-"7&('(%%-")&" =&$>" ?&]"7/$:+-6-"
+-" )&23-'%-" &'T'&3-" :K(" (2&23(" ,/-" )&" (22-" (" =&$A" 7&]"
@8(23-" )&23-'%-" 6&23(/&$2-6('3(" 2&" -B$+&2:(>" *+" 7&]"
0/-')("-++$'3-'-6('3$"M"+-"7&]"0/-')("7/$22&6&34>

WY# H&7# 3)# $8V# 7"44"7&# $%"0"7("%"#

32&$%)%"#7")#$%&$&3):#87+#("2&30%89)&7"#
(",,+#,)W"%01#84+7+5"
N8-')$" -R(/6&-6$" :K(" =&$" M" &+" 2$+$" W$00(.$"
)(++1p'&<(/2$A" +-" 2$+-" C&B(/34" :K(" -0&2:(A" <$0+&-6$" )&/("
:K(" +-" +&B(/34" 86-'-A" :K(" &" 2$00(S" 86-'&" '$'" 2$'$" -"
T-':$" )&" =&$A" 6-" :(/3-6('3(" '$'" <$0+&-6$" )&/(" :K("
(22&" 2$'$" -''&('3-O>" !+# ,)W"%01# $"%# ,-8&4&# 2&73)30"#
7(/L" (<&)('3(6('3(" 7&7# 7",,-+'"%"# ,+# 38+# ,)W"%01# 7",#
38&# )&# 5&+" :K(" '$'" <$//(BB(" )&/(" '8++-9# 4+# 7",,-+'"%,+#
7",,-?33&,80&5# ?&]" (2-.-6('3(" +18$6$" M" +&B(/$" '(++-"
6&28/-" &'" :8&" M" )&<('83$" D"+1Y+3/$"EA" '(++-" 6&28/-" &'" :8&"
+1Y+3/$"'$'"M"8'"-+3/$>"

2Y#d,:4+#&W)"9)&7"B#,-+/08()7"#%",).)&3+#
R8)# "3$%"33+# 3+%"WW"# 87# +;"70+0&# 7&7#
3&,+4"70"# +,,+# ,)W"%01# 84+7+# 4+# +72O"#
+,,+#,)W"%01#()')7+5#
U&27$23-!"
*+",$')-6('3$")(+"6$')$"2&"3/$<-"-+")&"+4")(++1-'O'$6&-"
)(++-" )(3(/6&'-%&$'(" (" )(++1&')(3(/6&'-%&$'(>" a&2$0'-"
)&/(" )8'@8(" :K(" =&$" 2&" )(3(/6&'-" )-" 2(" 23(22$" -++1-.$"
:/(-3$/(A" '$'" 7(/" @8-+:K(" '(:(22&34" (23(/&$/(A"
'(66('$" 7(/" @8-+:K(" 6-':-'%-" &'3(/&$/(A" 6-" 7(/"
C&B(/-+&34>" a&2$0'-"7/(:&2-/("7(/L":K("R8"30+#,)W"%+,)01#
S#,+#7+08%+#30"33+#()# *)&>" C-"7/$7$2&%&$'("2(:$')$":8&"
=&$" -</(BB(" 7$383$" '$'" :/(-/(" &+" 6$')$" M" )8'@8("
0&823-A" 6-" 2$+-6('3(" 2(:$')$" 8'" 2&0'&T:-3$" '(0-O<$!"
(22-" &')&:-" :K(" =&$" '$'" K-" 7/$)$.$" +18'&<(/2$" 7(/"
@8-+:K("B&2$0'$"7(/2$'-+("5'$'"-<(')$"@8(23-"'$%&$'("
)&" B&2$0'$" -+:8'" 7$23$" '(++-" 7&('(%%-" )&<&'-9A" 6-" (22-"
7$2&O<&-6('3(A" /(-+6('3(A" '$'" 78L" 2&0'&T:-/(" :K(" &+"
6$')$"-</(BB("7$383$"'$'"(22(/(>" #(+"28$"+&'08-00&$"
3(67$/-+(" +18$6$" )(<(" 2(67/(" 6-'3('(/(" @8(2O" )8("
-27(S"7-/-)$22-+&A"6-"'$'":$'3/-)&.$/&"+$0&:-6('3(!"&+"
6$')$" M" '(:(22-/&$" (" -++$" 23(22$" 3(67$" '$'" M"
'(:(22-/&$>" Y7/&/2&" +-" 23/-)-" ,/-" @8(2O" )8(" 2('2&A" M" )&"
'8$<$" -7/&/2&" -" 8'" 2&0'&T:-3$" (::(22&<$" (" )&"
:$'2(08('%-"&'(R-B&+(>

G>_" *+" /&28+3-3$" )&" @8(23(" 6()&3-%&$'&" 28+" 7(/:KZ" )(+"

6$')$" 86-'$A" 78L" /&-2286(/2&" &'" @8(23-" :$':+82&$'("
6&'&6-+(!" R8+7(&# 3)# $+%,+# (",,-8&4&U# 3)# $+%,+#
7"2"33+%)+4"70"# ()# *)&5# C1&)(-" :K(" +1(2&23('%-" 86-'-" 2&"
,-")&"2("23(22-"M"-++$"23(22$"3(67$"+1&)(-":K("(22-"2&",-")&"
=&$>"U&:$/)&-6$")8'@8(":$2^":K("+-"@8(2O$'(")&"=&$"78L"
:K&-/&/2&" 2$+$" &'" 8'-" <&3-" :K(" '$'" 2&" 2&38&" -+" +&<(++$" )(+"
<$+(/(" $" )(++1&'3(++&0('%-H" @8(23-" <&3-" M" +1-)(2&$'("
-++1-%&$'(" :/(-3/&:(A" &+" /&:$'$2:&6('3$" )(++-" ?/(2('%-"
2(67/("$R(/3-"'(++1-.8-+&34>
F>_"C-":$//(+-%&$'("(2&23('%&-+(",/-"=&$"("+18$6$"'$'"78L"
&'3(/7/(3-/2&"3&,+4"70"":$6("6$<&6('3$":K(A"7-/3(')$"
)-++(" :/(-38/(A" 3(/6&'&/(BB(" -+" P/(-3$/(>" p'-" 6(3-T2&:-"
)(++-" :-82-+&34" :$':(7&3-" 2(:$')$" +-" 3&,+" 7/$27(S<-" )&"
@8(23$"6$<&6('3$"2-/(BB("-'3/$7$:('3/&:-A"&'"@8-'3$"2&"
-77$00(/(BB(" 28+" T'&3$" 7(/" -::()(/(" -++1Y22$+83$>"
P-7&-6$"B('(!"8'"6$<&6('3$"3-+("M"0&823$"("/(-+(H"6-"M"
2$+$" 8'" -27(.$" &'(22('%&-+(" 7(/" @8-'3$" &')&27('2-B&+("
)(+" 6$<&6('3$" (22('%&-+(" (" ,$')-6('3-+(>" N8(23$"
-27(.$" :K(" 6-&" <(//4" -B$+&3$A" (27/&6(" +-" <&3-" )&<&'-"
)(++18$6$" :$6(" _7)0+# )7# R8+70&# 0+,"H" (" '$'" M" +1-27(.$"
T'&3$")(++1(27(/&('%-"-)"(22(/("&+"7/&6$>
J>_" \22(')$" +-" <&3-" 86-'-" (22('%&-+6('3(" +-" <&3-" )&<&'-A"
(22-" M" '(:(22-/&-6('3(" (27(/&('%-" )(++1&'T'&34A" (" 78L"
)8'@8(" -77$0&-/2&" 3&,&" &'" =&$>" =&$" M" :$'$2:&B&+(" 3&,&"
:$6(" =&$A" M" )8'@8(" :$'$2:&B&+(" 7(/" 2(" 23(22$>" *+"
6$<&6('3$" )(++-" :/(-%&$'(" :&" 2&" M" :$2^" /&<(+-3$" :$6(" &+"
6$<&6('3$" :K(" 7-/3(')$" )-" =&$" -./-<(/2-" +1$/&%%$'3("
T'&3$" )(++18$6$" (" /&3$/'-" -" =&$!" +18$6$" M" /&<(+-3$" -++$/-""
:$6("+1(27/(22&$'(")&"=&$"&'"8'"6$')$"/(+-O<$"("T'&3$>"s"
7(/" @8(23$" :K(" -BB&-6$" 7$383$" :$',(22-/(!" +18$6$"
5-27(.$" T'&3$9" '$'" M" 8$6$" 6-" =&$" 23(22$" :K(" <&<("
:$'3(67$/-'(-6('3(":$6(" =&$"D"&'"2("23(22$"E"(":$6("
=&$" D"-+" )&" ,8$/&" )&" 2(" 23(22$"E>" C-" <&3-" 86-'-" M"
(22('%&-+6('3(" <&3-" )&" =&$" :$6(" <&3-" 3($-'3/$7$+$0&:->"
C18$6$" M" =&$" 23(22$" '(++-" :$')&%&$'(" )(+" T'&3$A" 7$&:KZ"
38.$" &'" +8&A" '$'" 2$+-6('3(" +-" 28-" '-38/-" 52('O6('3$A"
&'3(++&0('%-" (" <$+$'349" 6-" ),# 38&# +;&# J&7(+4"70+,"# S#
2%"+9)&7"# ()# *)&>" #$'" :1M" 78,,+" '(++18$6$" :K(" '$'"
(27/&6(" &+" b&23(/$" -22$+83$>" *+" 2('2$" 0('(/-+("
)(++1(2&23('%-"86-'-"M"@8(23$!"&'"$0'&"6$6('3$"("&'"$0'&"
0/-)$" 7$22&B&+(" +1(22(/(" 86-'$" M" @8(23-" /(-+34"
-'O'$6&:-" &+" :8&" 2&0'&T:-3$" M" 6-'&,(23-3$" -" 7-/O/(" )-"
8'1V/&0&'(":/(-3/&:(":K("M"(22-"+-"7/$7/&-"$/&0&'(>"
c>_" " p'-" 2&730+0+9)&7"# :&" &'<&3-" -" /&3$/'-/(" -++-"
)(2:/&%&$'(" 30&%)2+# )(++-" (27(/&('%-" (2&23('%&-+(" )$7$"
-<(/'(" )(2:/&.$" +-" 23/8.8/-" 0('(/-+(" +$0&:-" 3/-6&3(" +-"
@8-+(" -BB&-6$" /&:$'$2:&83$" :K(" +18$6$" M" 7(/" (22('%-"
(22(/(_)&<&'$>" C-" :$'23-3-%&$'(" M" &+" 2&70%+30&" ,/-" +("
:$')&%&$'&" )(++-" '$23/-" <&3-" )&<&'-" (" @8(23-" <&3-" )&<&'-"
23(22->" "C18$6$A"(22(/(_)&<&'$A"M"8'"(22(/("&'"2$R(/('%-A"
(" 7&]" 7/$,$')-6('3(" -':$/-" 8'" (22(/(_&'_:$+7->"
U&3$/'&-6$":$2^"(")&"'8$<$"-++11&=-#'-/2/=A"8'"1&=-#'-/2/="
:K(" 2&" /&<(+-" '$'" 7&]" 2$+-6('3(" :$6(" &+" +8$0$"
)(++1-'O'$6&-" 23/8.8/-+(" )&" :8&" -BB&-6$" 7-/+-3$" 2$7/-A"
6-" )&" 8'-" ,$/6-" 7-/O:$+-/(" )&" :$'3/-))&%&$'(" 523$/&:-9A"
:&$M" &+" 7(::-3$>" *'" @8(23-" 2&38-%&$'(" +18$6$" /&:$'$2:("
2(67/(" :K(" (0+&" M" )&" (22('%-" )&<&'-A" 6-" @8(23-" (22('%-"
)(<(" (22(/(" 6-'&,(23-3-" (" /(-+&%%-3-" -./-<(/2$" 8'$"
2<$+0&6('3$" 3(67$/-+(" :K(" 2&" $7(/-" :$6(" 8'-"
3/-2T08/-%&$'(" )(++1(2&23('%-" 7(::-3/&:(>" W('%-" <$+(/(" &'"
'(228'" 6$)$" +&6&3-/(" &+" :-67$" )(+" T+$2$,$A" B('" -+"
:$'3/-/&$" :$'" +1&'3('%&$'(" )&" -7/&/(" &'" :(/3$" 6$)$" 8'-"
7/$27(S<-" 3($+$0&:-A" 6&" 2(6B/-" :K(" +-" P/&23$+$0&-"
)$</(BB(" -&83-/:&" -" )(2:/&<(/(" +1(27(/&('%-" 3($7-O:-A"
:&$M"-":$67/(')(/(":$6("+18$6$")-"8'"/&:$'$2:&6('3$"
<-0$" )(++-" U(-+34" 7-/<&(''(" -./-<(/2$" 8'-" :$'<(/2&$'("
/-)&:-+("-"8'"/&:$'$2:&6('3$"7&('$>