Life Insurance Policy Holder Gudie

z ~ 2 -* r-* ~|8 85z 2685 ~ r 5z2| |85~ 5z2| -*~ q 6 v r 2 q 8 v~ 68 ~ 5 |~ |85~ |~ 5~ ~ q r-*~ ~|8 q26 2 5 * 2 q ~ z2 |8 r z 5z v *~ |8 |~ *~ 5~ |~ ~ r- 5z2 r- v~ q268 ~ v 685 v~ 2685 8 q | 8 | ~ ~ 5 ~ 2 q2 v~ 685z ~|8 ~ q26 ~|85 5z2| r-*~ 85z2 r-*~ 5z2| r-*~ |85~ v r-* ~ 8 v 68 85~ q26 5~ 2 2 ~| *~ |8 26 |85~ |~ v -*~ q2 ~q q q * ~ r v r- v~ r-*~ v~ 5z2 ~ r 6 r-* 2 5 8 26 ~|8 r-*~ q q ~ v r-*

1HED /MRTQ@MBD 5NKHBXGNKCDQ TRDQ FTHCD 7 HTRUWJMJSXN[J LZNIJ \NYM NRUTWYFSY MNLMQNLMYX

|~ 2 z ~ 5 5 |8 q268 ~ v -*~ 85~ ~ | 2| 5~ r v~ 2|~ 5~ ~ z 5 | 8 8 5z |8 |~ q26 v~ 5z2 q268 v~| 85z2 8 |~ |~ q26 r-*~ 2|~ ~ q26 ~ 2 2 * z 5 z ~ z 5 r-* 5 8 85 r 5~ ~ |8 q268 85~ v~| q26 ~ ~ 5 2| ~ 8 v -*~ ~| |~ * z 5 r r v 8 2 |~ z2 85~ 2|~ 685z 85~ 85~ ~ q26 | * | | 2 v~ 685z -*~ q v~ v~ ~ r5 2 r ~ ~ q 5~ z2|~ z2| ~|8 * 5 8 r ~| v 5 8 ~ v q268 q26 2|~ 2| ~ ~ ~ r-*~ 85z 5~ z * 5 5 | r ~ 26 ~|8 q268 v~|8 5z2 q ~ 5 5 8 8 ~|8 r-*~ ~ v -*~ ~ r z5 ~ q26 v ~ 2| * n

/LONQS@MS MNSDRy pm .8}~ /MRTQ@MBD h|RH@i 1HLHSDC @MC .8}~ 1HED h/MSDQM@SHNM@Ki 1HLHSDC @QD @TSGNQHRDC @MC QDFTK@SDC AX SGD .NMF 0NMF ~NLLHRRHNMDQ NE /MRTQ@MBD SN B@QQX NM HMRTQ@MBD ATRHMDRR HM SGD .NMF 0NMF 8|7m qm 9GD .NMFJNMF @MC 8G@MFG@H }@MJHMF ~NQONQ@SHNM 1HLHSDC hQDEDQQDC SN @R ].8}~^i HR @M HMRTQ@MBD @FDMS @TSGNQHRDC AX .8}~ 1HED h/MSDQM@SHNM@Ki 1HLHSDC @MC .8}~ /MRTQ@MBD h|RH@i 1HLHSDCm

=XXZJI G] NKJ 3=SYJWSFYNTSFQ4 >NRNYJI

1/?:-n|:-ox

rm 9GD HMENQL@SHNM RGNVM HR HMSDMCDC @R @ FDMDQ@K QDEDQDMBDm 5KD@RD QDEDQ SN SGD HMRTQ@MBD ONKHBX ENQ SGD CDS@HKDC SDQLR @MC BNMCHSHNMRm

9@AKD NE ~NMSDMSR

5@FD

pm 9GD ONKHBX mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmq qm 7HFGS SN B@MBDKmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmq rm 2NMHSNQn2@M@FD ONKHBXmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmr sm 5NKHBX RDQUHBHMFmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmms tm |MMT@K QDUHDVmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmms um ,QDPTDMSKX @RJDC PTDRSHNMR mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmt ~G@MFDR SN SGD ONKHBX ~K@HLR 5QDLHTL O@XLDMSnKNRS ONKHBX 1HED8@UD 5QNSDBSHNM 5K@M h1HEDSHLD 2DCHB@Ki 1HEDRSXKD RDQHDRn9@QFDS 5QNSDBSHNM 5KTRn
vm ~K@HLRmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmqo wm ~NLLNM HMRTQ@MBD SDQLRmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmqq xm ~NLOK@HMS mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmqs pom 4SGDQ .8}~ /MRTQ@MBD\R RDQUHBDRmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmqt

|S .8}~ /MRTQ@MBDk VD QDBNFMHRD SG@S HMRTQ@MBD B@M NESDM @OOD@Q BNLOKHB@SDC @MC SGHR ATQNH]MTQIJW ZXJW LZNIJ HR HMSDMCDC SN DWOK@HM L@MX NE SGD A@RHBR @ANTS XNTQ ONKHBX @MC GNV HS OQNUHCDR XNT @MC XNTQ CDODMC@MSR VHSG SGD DRRDMSH@K HMRTQ@MBD BNUDQ XNT QDPTHQDm >NTQ HMRTQ@MBD ONKHBX HR TMHPTD SN XNT @MC NTSKHMDR SGD O@QSHBTK@Q SDQLR NE XNTQ BNUDQm

BNMS@BS
p

UHRHS @MX .8}~ AQ@MBGDR

B@KK .8}~ /MRTQ@MBD 8DQUHBD .NSKHMD hwtqi qtwr wooo

d 9GD ONKHBX

>NTQ HMRTQ@MBD ONKHBX BNLONRDR ENKKNVHMF SVN O@QSRy ` 9GD t30-|: v|,~}80~ Z OQDRDMSR SGD CDS@HKR NE XNTQ ONKHBXk RTBG @R XNTQ KDUDK NE OQNSDBSHNMk XNTQ ADMDEHSRk SGD OQDLHTL O@X@AKD ENQ SGD BNUDQ @MC @MX RODBH@K SDQLR SG@S @OOKX SN XNTQ ONKHBXm ` 9GD t30-|: Z CDS@HKR SGD SDQLR @MC BNMCHSHNMR NE XNTQ ONKHBXm

y~ 5~|311~2} 7,z7 :38 /~~4 :385 -2685z2|~ 430-|:g -2|08}-2+ z2: 5~0z7~} ~2}356~1~276g -2 z 6z*~ z2} z||~66-{0~ 40z|~i w,~6~ }3|81~276 z5~ :385 4533* 7,z7 :38 z5~ 0~+z00: ~27-70~} 73 7,~ {~2~*-76 }~7z-0~} 82}~5 7,~ 430-|:i

e 7HFGS SN B@MBDK

>NT B@M B@MBDK XNTQ ONKHBX @MC NAS@HM @ QDETMC NE @MX OQDLHTLhRi O@HCk RTAIDBS SN @MX L@QJDS U@KTD @CITRSLDMSk VHSGHM SGD ~NNKHMFlNEE 5DQHNCm 9N B@MBDK SGD ONKHBXk XNT @QD QDPTHQDC SN QDSTQM XNTQ ONKHBX SN TR SNFDSGDQ VHSG @ VQHSSDM B@MBDKK@SHNM MNSHBD RHFMDC AX XNT @MC RDMS CHQDBSKX SN .8}~ 1HED h/MSDQM@SHNM@Ki 1HLHSDC @S pwn,k 9NVDQ pk .8}~ ~DMSQDk p 8G@L 2NMF 7N@Ck 0NVKNNMk .NMF 0NMFm 8TBG MNSHBD LTRS AD QDBDHUDC AX TR VHSGHM qp C@XR EQNL SGD C@SD NE SGD @OOKHB@SHNMk ps C@XR EQNL SGD C@SD NE HRRTD NE SGD ONKHBX NQ t C@XR EQNL SGD C@SD NE CDKHUDQX NE SGD ONKHBXn@ 3NSHBD HMENQLHMF XNTnXNTQ QDOQDRDMS@SHUD @ANTS SGD @U@HK@AHKHSX NE SGD ONKHBX @MC SGD DWOHQX C@SD NE SGD ~NNKHMFlNEE 5DQHNCk VGHBGDUDQ HR SGD K@SDRSm

q

f 2NMHSNQn2@M@FD ONKHBX

}DHMF HM BNMSQNK NE XNTQ EHM@MBDR HR HLONQS@MSm NT B@M MNV L@M@FD XNTQ HMRTQ@MBD ONKHBHDR VHSG D@RD AX RHLOKX KNFFHMF NM SN .8}~ 5DQRNM@K /MSDQMDS }@MJHMF @S VVVmGRABmBNLmGJ VHSG H>@PMLFX BHRVLFLOJm 9GHR RDQUHBD OQNUHCDR XNT VHSG qslGNTQ NMKHMD @BBDRR SN XNTQ HMRTQ@MBD ONKHBX CDS@HKR @MC @KKNVR XNT SN RTALHS ONKHBX RDQUHBD QDPTDRSR VHSGNTS G@RRKDm H>@PMLFX BHRVLFLOJ FHUDR XNT LNQD BNMUDMHDMBD SNy AHVLHW XPUR QPMLFX GHTELMS ` |KKNVR XNT SN BGDBJ XNTQ ONKHBX CDS@HKR ` 8GNVR SGD K@SDRS /MUDRSLDMS BGNHBD TMHS OQHBDk /MUDRSLDMS BGNHBD TMHS GNKCHMFR @MC /MUDRSLDMS BGNHBD A@K@MBD NE RDKDBSDC HMUDRSLDMSlKHMJDC HMRTQ@MBD ONKHBHDR ?KEOJH QRHNLUN QEXNHOT LOSTRUFTLPOS ` |KKNVR XNT SN BG@MFD XNTQ OQDLHTL O@XLDMS @BBNTMSk O@XLDMS LDSGNC NQ O@XLDMS EQDPTDMBX CREOSIHR PI LOVHSTNHOT FKPLFHS ` 1DSR XNT L@M@FD XNTQ QDPTDRS ENQ HMUDRSLDMS BGNHBD RVHSBGHMF @S @MX SHLD VGDM XNT V@MS SN QDlA@K@MBD XNTQ HMUDRSLDMSR TMCDQ RDKDBSDC HMUDRSLDMSl KHMJDC HMRTQ@MBD ONKHBHDR ?KEOJH PI QRHNLUN EMMPFETLPO ` |KKNVR XNT SN QDPTDRS ENQ BG@MFD NE HMUDRSLDMS BGNHBD @KKNB@SHNM ENQ QDFTK@Q OQDLHTL O@XLDMS NE RDKDBSDC HMUDRSLDMSlKHMJDC HMRTQ@MBD ONKHBHDR DLTKGREWEM IRPN QPMLFX VEMUH ` +M@AKDR XNT SN QDPTDRS ENQ VHSGCQ@V@K EQNL CHUHCDMCR NQ B@RG ANMTR NE RDKDBSDC KHED ONKHBHDR @MC VHSGCQ@V@K EQNL ONKHBX U@KTD NE RDKDBSDC HMUDRSLDMSl KHMJDC HMRTQ@MBD ONKHBHDR @MC SN RDKDBS XNTQ OQDEDQQDC RDSSKDLDMS NOSHNM 9N @OOKX ENQ .8}~ 5DQRNM@K /MSDQMDS }@MJHMFk OKD@RD UHRHS VVVmGRABmBNLmGJ SN QDFHRSDQm ~NMS@BS :385 y~z07, sz2z+~1~27 sz2z+~5jt5~1-~5 u~0z7-326,-4 sz2z+~5 >NTQ
r

j |OOKHB@AKD SN RNLD OK@MR NMKXm _ 9GDQD @QD MN @MMT@K RS@SDLDMSR VHSG SDQL HMRTQ@MBD OK@MRm

g 5NKHBX RDQUHBHMF

>NT B@M @KSDQ XNTQ ONKHBX SN QDEKDBS @MX BG@MFDR HM XNTQ ODQRNM@K BHQBTLRS@MBDRm *DODMCHMF SGD SXOD NE OK@M XNT G@UDk XNT B@M @S @MXSHLDy ` ~G@MFD SGD @LNTMS NE BNUDQ OQNUHCDC AX SGD ONKHBX h5KD@RD MNSDy /MBQD@RHMF SGD RTL HMRTQDCj @MC @CCHMF RTOOKDLDMS@QX ADMDEHSR L@X QDPTHQD @CCHSHNM@K LDCHB@K TMCDQVQHSHMF NQ DUHCDMBD NE HMRTQ@AHKHSXmi ` ~G@MFD SGD ADMDEHBH@QX ` ~G@MFD GNV XNT O@X XNTQ OQDLHTL NQ SGD EQDPTDMBX VHSG VGHBG XNT O@X OQDLHTLRm /M RNLD B@RDRk XNT B@M DUDM S@JD @ OQDLHTL AQD@J ` :OC@SD XNTQ ODQRNM@K O@QSHBTK@QRk RTBG @R @CCQDRRk SDKDOGNMD MTLADQ NQ RHFM@STQD ` |RJ TR SN QDUHDV @MX RODBH@K SDQLR SG@S VDQD @OOKHDC VGDM XNT RS@QSDC XNTQ ONKHBX m ENQ DW@LOKDk RODBH@K SDQLR QDK@SHMF SN XNTQ NBBTO@SHNM NQ RS@SD NE GD@KSG @S SG@S SHLD

2@JHMF BG@MFDR SN XNTQ ONKHBX HR RSQ@HFGSENQV@QCm >NT B@M S@KJ SN XNTQ
h |MMT@K QDUHDV


s

i ,QDPTDMSKX @RJDC PTDRSHNMR

9GD ENKKNVHMF PTDRSHNMR @MC @MRVDQR L@X GDKO VHSG XNTQ LNQD EQDPTDMSKX @RJDC PTDQHDRm 9GD HMENQL@SHNM HR ENQ FDMDQ@K QDEDQDMBD NMKXm >NTQ ONKHBX CNBTLDMS @MC ONKHBX RBGDCTKD FHUD SGD DW@BS SDQLR @MC BNMCHSHNMR NE XNTQ KHED HMRTQ@MBD ONKHBXm 8GNTKC XNT G@UD @MX PTDRSHNMRk OKD@RD BNMS@BS XNTQ
n,z2+~6 73 7,~ 430-|: p @4 6KYJW YMJ UTQNH^ NX NXXZJI. HFS < HMFSLJ YMJ QJ[JQ TK UWTYJHYNTS TW FII FS^ XZUUQJRJSYFW^ GJSJKNYX5

|y >DRm >NT B@M BG@MFD SGD RTL HMRTQDCp @MC @OOKX ENQ RTOOKDLDMS@QX ADMDEHSR SN AD @SS@BGDC SN XNTQ ONKHBXm 5QNNE NE HMRTQ@AHKHSX HR QDPTHQDC HE XNT HMBQD@RD SGD KDUDK NE OQNSDBSHNM NQ @CC MDV ADMDEHSRm 8OD@J SN XNTQ
q @4 < UF^ R^ UWJRNZRX G^ FZYTUF^0 EMFY XMTZQI < IT NK < \FSY YT HMFSLJ YMJ FHHTZSY KWTR \MNHM < RFPJ UF^RJSYX5

|y 8HLOKX BNLOKDSD @ BJVZJXY KTW ATQNH] 9MFSLJ ^ @TS5;NSFSHNFQ ;TWRk VHSG CDS@HKR NE SGD MDV @BBNTMSm ,NQLR @QD @U@HK@AKD EQNL .8}~ /MRTQ@MBD 8DQUHBD .NSKHMDk NQ XNT B@M CNVMKN@C NMD EQNL \\\6MXGH6 HTR6MP6 /E XNT VHRG SN O@X EQNL @M @BBNTMS NSGDQ SG@M SGD NMD VHSG .8}~k OKD@RD @QQ@MFD SN O@X NMD LNMSG\R OQDLHTL SN @KKNV ENQ SGD RDSSHMF TO NE SGD MDV @TSNO@X @BBNTMSm

n0z-16 r @4 ENQQ R^ HQFNR GJ WJOJHYJI NK < HFSSTY STYNK^ ^TZ TK YMJ HQFNR \NYMNS YMJ WJVZNWJI UJWNTI5

|y /E XNT B@M OQNUD SGD BK@HL G@R ADDM Q@HRDC @R RNNM @R QD@RNM@AKX ONRRHAKD VD VHKK BNMRHCDQ XNTQ QDPTDRSm

s @4 EMT HFS RFPJ F IJFYM HQFNR5 |y 9GD ONKHBXGNKCDQ hHE SGD ONKHBXGNKCDQ HR CHEEDQDMS EQNL SGD HMRTQDCi NQ SGD ADMDEHBH@QX RGNTKC L@JD SGD CD@SG BK@HLm /E SG@S ODQRNM HR TM@AKD SN L@JD SGD BK@HLk @MNSGDQ O@QSX B@M CN RNk OQNUHCDC SGDX B@M OQNUD SGDHQ QDK@SHNMRGHO VHSG SGD CDBD@RDCm 9GD BK@HL@MS HR QDRONMRHAKD ENQ @TSGNQHRHMF SGD OQNUHRHNM NE BDQS@HM OQHU@SD HMENQL@SHNM VGHBG VHKK AD TRDC ENQ @RRDRRHMF SGD BK@HLm p

t

+WBDOS ENQ 2NQSF@FD 5QNSDBSHNM 5K@Mk HMBQD@RHMF SGD RTL HMRTQDC B@M AD HLOKDLDMSDC NMKX VHSGHM SGD EHQRS ONKHBX XD@Qm >NT VHKK MDDC SN O@X SGD @CCHSHNM@K OQDLHTL h@MC HMSDQDRS NM SG@S OQDLHTLi NM SGD HMBQD@RDC RTL HMRTQDCk ADB@TRD SGD HMBQD@RD HR @OOKHDC QDSQNRODBSHUDKX SN SGD RS@QS NE SGD ONKHBXm ~G@MFD NE RTL HMRTQDC HR MNS @OOKHB@AKD SN
t @4 CT \MTR \NQQ YMJ IJFYM HQFNR UF^RJSY GJ RFIJ5 |y |MX CD@SG OQNBDDCR VHKK AD O@X@AKD SN SGD CDRHFM@SDC ADMDEHBH@QXhHDRim /E MN ADMDEHBH@QX HR CDRHFM@SDC @MC SGD KHED HMRTQDC CHDR VHSG @ VHKKk SGD BK@HL@MS HR QDPTHQDC SN OQNUHCD SGD -Q@MS NE 5QNA@SD HRRTDC AX SGD .HFG ~NTQSm |MX CD@SG OQNBDDCR @QD SGDM L@CD O@X@AKD SN SGD CDRHFM@SDC +WDBTSNQ NE SGD VHKK ENQ @OOQNOQH@SD CHRSQHATSHNMm /E SGD KHED HMRTQDC CHDR HMSDRS@SDk SGD BK@HL@MS HR QDPTHQDC SN OQNUHCD SGD 1DSSDQR NE |CLHMHRSQ@SHNM HRRTDC AX SGD .HFG ~NTQSm 9GD CD@SG OQNBDDCR VHKK AD O@X@AKD SN SGD |CLHMHRSQ@SNQ ENQ @OOQNOQH@SD CHRSQHATSHNMm

u @4
IFYJ TW KWTR JKKJHYN[J IFYJ TK WJNSXYFYJRJSY. \MNHMJ[JW NX QFYJW. MT\ RZHM \NQQ YMJ XJYYQJRJSY FRTZSY GJ KTW YMNX IJFYM GJSJKNY5

|y /M FDMDQ@Kk SGD OQNUHRHNM QDF@QCHMF RTHBHCD HM SQ@CHSHNM@K ONKHBX RS@SDR SG@S [/E SGD KHED HMRTQDC CHDR AX RTHBHCDk VGDSGDQ R@MD NQ HMR@MDk VHSGHM NMD XD@Q NE SGD /RRTD *@SD NQ EQNL DEEDBSHUD C@SD NE QDHMRS@SDLDMSk NTQ KH@AHKHSX VHKK AD KHLHSDC SN SGD @LNTMS O@HC SN TR KDRR @MX @LNTMS O@HC AX TR RHMBD SGD 5NKHBX +EEDBSHUD *@SD NQ SGD DEEDBSHUD C@SD NE QDHMRS@SDLDMSk VGHBGDUDQ HR K@SDQm\ 3GE7 ;@ 173>F:+@H7EF +@EGD3@57 ,>3@ ;E 6;887D7@Fv +@ 97@7D3>t A@>J F:7 BD7?;G? B3;6 ;@5>G6;@9 3@J ?3D=7F H3>G7 367 5:3D97E I;>> 47 D78G@676 FA F:7 47@78;5;3DJv /M RTLL@QXk SGD RTHBHCD BK@TRD L@X AD CHEEDQDMS CDODMCHMF NM SGD SXOD NE OK@M BGNRDMk RN OKD@RD QDEDQ SN XNTQ NVM ONKHBX ENQ CDS@HKRm

u

v @4 9T < SJJI YT HTSYNSZJ UF^NSL YMJ UWJRNZRX ZSYNQ F IJFYM

HQFNR NX XJYYQJI5 |y 3N OQDLHTL HR QDPTHQDC TONM QDBDHOS NE SGD OQNNE NE CD@SGk RTBG @R CD@SG BDQSHEHB@SD @MC }TQH@K NQ ~QDL@SHNM 4QCDQm

w @4
x @4 ;T\ IT < PST\ \MJS YMJ EFN[JW TK ?WJRNZR 7JSJKNY FSI

YMJ ?F^TW`X 7JSJKNY XYFWY FSI JSI5 6SI IT < SJJI YT PJJU UF^NSL YMJ UWJRNZRX5 |y /E HS HR @ RTBBDRRETK BK@HL VHSG BNMSHMTNTR CHR@AHKHSX NUDQ pwr C@XRk VD VHKK HMCHB@SD SGD OQDLHTL V@HUHMF ODQHNC HM NTQ RDSSKDLDMS KDSSDQm |MX OQDLHTL O@HC CTQHMF SGD OQDLHTL V@HUHMF ODQHNC VHKK AD QDETMCDCm >NT VHKK MDDC SN RS@QS O@XHMF XNTQ OQDLHTLR @F@HM @ESDQ SGD OQDLHTL V@HUHMF ODQHNCm

po @4 < MF[J FQWJFI^ HQFNRJI KTW YMJ HTXY TK R^ MTXUNYFQNXFYNTS

KWTR FSTYMJW NSXZWFSHJ HTRUFS^0 8FS < XYNQQ HQFNR TS ;TXUNYFQ 8FXM 7JSJKNY5 |y .NROHS@K ~@RG }DMDEHS HR @M HMCDLMHSX ADMDEHS @MC OQNUHCDR C@HKX B@RG ADMDEHS CTQHMF GNROHS@KHR@SHNMm >NT @QD DMSHSKDC SN SGHR ADMDEHS DUDM HE XNT G@UD BK@HLDC SGD QDHLATQRDLDMS NE GNROHS@K DWODMRDR EQNL NSGDQ HMRTQ@MBD BNLO@MHDRm

pp @4
UTQNH^ FSI \MFY FWJ YMJ NRUQNHFYNTSX KTW FS^ SJ\ UTQNH^ NS YMJ KZYZWJ5 |y /E XNTQ BK@HL HR CDBKHMDCk SGD SDQLR NE XNTQ ONKHBX VHKK QDL@HM TMBG@MFDCm |MX @OOKHB@SHNM ENQ @ MDV ONKHBX VHKK AD @RRDRRDC A@RDC NM XNTQ RS@SD NE GD@KSG @S SGD SHLDm

v

pq @4 EMFY MFUUJSX YT R^ UTQNH^ FKYJW < RFPJ F HQFNR KTW >FOTW <- TW 8WNYNHFQ
|y ,NQ @CU@MBD 2/ ADMDEHSk SGD A@RHB RTL HMRTQDC TMCDQ XNTQ ONKHBX VHKK AD QDCTBDC AX SGD @LNTMS NE SGD BK@HL O@HC @MC SGD @CU@MBD 2/ ADMDEHS VHKK AD SDQLHM@SDCm 9GD B@RG U@KTD @MC OQDLHTLR VHKK @KRN AD QDCTBDC SN QDEKDBS SGD QDCTBDC A@RHB RTL HMRTQDCm ,NQ @CCHSHNM@K 2/ ADMDEHS NQ ~QHSHB@K /KKMDRR 8DKDBS h|CCHSHNM@K 5@XLDMSik SGD A@RHB RTL HMRTQDC TMCDQ XNTQ ONKHBX QDL@HMR TMBG@MFDm :ONM SGD O@XLDMS NE @ BK@HLk SGHR ADMDEHS VHKK AD SDQLHM@SDCm

t5~1-81 4z:1~27j0367 430-|: pr @4 ENQQ R^ NSXZWFSHJ HT[JW YJWRNSFYJ NRRJINFYJQ^ NK < RNXX F UWJRNZR UF^RJSY5 |y 3Nm ;534>7 FA 173>F:+@H7EF +@EGD3@57 ,>3@s EQNL SGD C@SD SGD OQDLHTL V@R CTD RN XNTQ BNUDQ QDL@HMR HM OK@BDm .NVDUDQk XNT MDDC SN O@X A@BJ @MX NUDQCTD OQDLHTL @R RNNM @R ONRRHAKDm 3N HMSDQDRS VHKK AD BG@QFDC NM K@SD O@HC OQDLHTLR CTQHMF SGHR rolC@X FQ@BD ODQHNCm =NKJXY^QJ XJWNJX1CFWLJY ?WTYJHYNTS ?QZX1EMTQJ=NKJ ?WTYJHYNTS ?QFS ` /E XNT B@MMNS L@JD @ OQDLHTL O@XLDMS VHSGHM SGD FQ@BD ODQHNCk VD VHKK SQD@S SGD B@RG U@KTD NE XNTQ ONKHBX @R @ ONKHBX KN@M SN BNUDQ SGD O@XLDMSm JINHFQ-1AJYNWJ<SHTRJ 6SSZNY^ ?QFS ` /E XNT B@MMNS L@JD @ OQDLHTL O@XLDMS VHSGHM SGD FQ@BD ODQHNCk VD VHKK SQD@S SGD B@RG U@KTD NE XNTQ ONKHBX @R @ ONKHBX KN@M SN BNUDQ SGD O@XLDMSm
w

ps @4 < KTWLTY YT UF^ R^ UWJRNZRX FSI R^ UTQNH^ MFX QFUXJI0

< XYNQQ SJJI UWTYJHYNTS0 EMFY XMTZQI < IT5 |y >NT L@X @OOKX SN QDHMRS@SD XNTQ ONKHBXq AX RDMCHMF TR @ VQHSSDM QDPTDRS VHSGHM NMD XD@Q EQNL SGD CTD C@SD NE SGD EHQRS TMO@HC OQDLHTLk @MC OQNUHCDC SGD ONKHBX V@R MNS RTQQDMCDQDC ENQ HSR ~@RG ;@KTDm 5QNNE NE HMRTQ@AHKHSX VHKK AD QDPTHQDCm >NT VHKK @KRN MDDC SN O@X SGD NUDQCTD OQDLHTLR VHSG HMSDQDRSm 5KD@RD MNSD SG@S BDQS@HM ONKHBX BNMCHSHNMRk RTBG @R SGD RTHBHCD BK@TRD ENQ CD@SG BNUDQ @MC SGD V@HSHMF ODQHNC ENQ 2@INQ /KKMDRR }DMDEHSk VHKK BNLLDMBD @F@HM EQNL SGD C@SD SGD ONKHBX HR QDHMRS@SDCm

pt @4 9ZJ YT KNSFSHNFQ INKKNHZQYNJX. < HFSSTY UF^ R^ KZYZWJ UWJRNZRX0

EMFY HFS < IT5 |y 9N DMRTQD SG@S XNTQ HMRTQ@MBD BNUDQ HR MNS HMSDQQTOSDC AX EHM@MBH@K OQNAKDLRk XNT B@M BNMRHCDQ SGDRD @KSDQM@SHUDRy =NKJXY^QJ XJWNJX1CFWLJY ?WTYJHYNTS ?QZX1EMTQJ=NKJ ?WTYJHYNTS ?QFS ` 5@X XNTQ OQDLHTLR SGQNTFG @ ONKHBX KN@M hHMSDQDRS SN AD BG@QFDCi RDBTQDC AX SGD U@KTD NE XNTQ ONKHBXm ` |OOKX SGD BTQQDMS U@KTD NE XNTQ ONKHBX SN @MX NE SGD MNMlENQEDHSTQD NOSHNMR CDS@HKDC HM XNTQ ONKHBXk VHSGNTS QDPTHQHMF O@XLDMS NE ETSTQD OQDLHTLRm /S L@X OQNUHCD @ KNVDQ KDUDK NE OQNSDBSHNM NQ RGNQSDQ OQNSDBSHNM SDQLm ` /E XNT ADBNLD TMDLOKNXDCk XNT L@X @OOKX ENQ :MDLOKNXLDMS }DMDEHSk VGHBG VHKK DWSDMC SGD FQ@BD ODQHNC TMCDQ XNTQ ONKHBX EQNL ro C@XR SN rut C@XR EQNL SGD C@SD NE SGD EHQRS TMO@HC OQDLHTLk RN SG@S XNT G@UD @ KNMFDQ ODQHNC SN O@X XNTQ OQDLHTLRm |KK NTSRS@MCHMF OQDLHTLR @QD CTD AX SGD DMC NE SGD DWSDMCDC FQ@BD ODQHNCm =NKJBF[J ?WTYJHYNTS ?QFS ,=NKJYNRJ >JINHFQ-1AJYNWJ<SHTRJ 6SSZNY^ ?QFS ` /E XNT B@MMNS L@JD @ OQDLHTL O@XLDMS VHSGHM SGD FQ@BD ODQHNCk VD VHKK SQD@S SGD B@RG U@KTD NE XNTQ ONKHBX @R @ ONKHBX KN@M SN BNUDQ SGD O@XLDMSm
w

x

/E XNTQ ONKHBX HR NT RGNTKC QDEDQ SN SGD ONKHBX OQNUHRHNMR NE XNTQ ONKHBX ENQ CDS@HKRm

nsoz,vg|.s+, g|+-*o|qs jzo|` z8F7D +@;F;3> ,3J?7@F ,7D;A6 r;v7v xy ?A@F:E 8DA? ,A>;5J |3F7st JAG 53@ EFAB B3J;@9 BD7?;G?E BDAH;676 F:7 53E: H3>G7 A8 F:7 BA>;5J ;E EG88;5;7@F FA EGBBADF F:7 EG4E7CG7@F 3@6 D7>3F76 5:3D97Et I:;5: I;>> 47 676G5F76 8DA? JAGD BA>;5J 355AG@Fv

pu @4
|y 3Nm >NT B@M @OOKX ENQ @ CTOKHB@SD ONKHBXm | G@MCKHMF BG@QFD VHKK @OOKX HM RTBG B@RDRm

pv @4 CMJ UF^RJSY UJWNTI TS R^ UTQNH^ NX XMTWYJW YMFS YMJ UTQNH^

YJWR0 ENQQ R^ GJSJKNY HTSYNSZJ FKYJW YMJ JSI TK YMJ UF^RJSY YJWR5 |y |S SGD DMC NE SGD O@XLDMS SDQLk XNTQ A@RHB OK@M HR ETKKX O@HC TO @MC XNT VHKK AD BNUDQDC ENQ SGD QDRS NE SGD SDQL NE SGD ONKHBXm /E XNT V@MS SN BNMSHMTD VHSG @MX RTOOKDLDMS@QX ADMDEHSRk XNT MDDC SN BNMSHMTD SN O@X OQDLHTLR ENQ SGDRD ADMDEHSRm

pw @4 ;T\ HFS < RFPJ R^ UWJRNZR UF^RJSYX5

|y >NT B@M RDS TO @ CHQDBS CDAHS HMRSQTBSHNM ENQ OQDLHTL BNKKDBSHNM EQNL XNTQ .8}~ BQDCHS B@QC NQ A@MJ @BBNTMSm |KSDQM@SHUDKXk XNT B@M UHRHS NTQ VDARHSD \\\6MXGH6HTR6MP @MC O@X SGD OQDLHTLR SGQNTFG HMSDQMDS A@MJHMFk NQ TRD @M |92 AX RDKDBSHMF SGD [5@X OQDLHTLR\ NOSHNMm

px @4 EMFY DB9 J]HMFSLJ WFYJ \NQQ GJ ZXJI KTW UWJRNZR UF^RJSY5

|y ,NQ QDMDV@K OQDLHTLRk SGD :8* DWBG@MFD Q@SD VHKK AD A@RDC NM SGD RONS Q@SD NM SGD C@SD NE OQDLHTL BNKKDBSHNMm

r


po

qo @4 EMFY NX YMJ INKKJWJSHJ GJY\JJS BYFSINSL <SXYWZHYNTS ,B<-

FSI 9NWJHY 9JGNY ,996-5 EMNHM UF^RJSY RJYMTI XMTZQI GJ RTWJ HTS[JSNJSY KTW UWJRNZR UF^RJSY TK R^ UTQNH^5 |y 8/ HR MNQL@KKX TRDC AX @BBNTMS GNKCDQ SN HMRSQTBS .8}~ SN L@JD @ QDFTK@Q EHWDC @LNTMS O@XLDMS SN /3.0 AX RDSSHMF TO @ RS@MCHMF HMRSQTBSHNM @FQDDLDMSk VGHBG B@M AD B@MBDKKDC NQ @KSDQDC AX @BBNTMS GNKCDQ @S .8}~ AQ@MBGDRk VGDQD@R **| HR SN @TSGNQHRD /3.0 SN VHSGCQ@V @M @LNTMS EQNL SGD BTRSNLDQgR .8}~ A@MJ @BBNTMS QDFTK@QKXk VGHBG B@M AD B@MBDKKDC AX /3.0 NQ SGD @BBNTMS GNKCDQm }NSG 8/ @MC **| OQNUHCD BNMUDMHDMBD ENQ BTRSNLDQR SN L@JD QDFTK@Q RTARDPTDMS OQDLHTL O@XLDMSm |S SGD LNLDMSk **| B@M AD @BBDOSDC AX /3.0 NM .0* @BBNTMS NMKXm /E @ BTRSNLDQ OQDEDQR SN L@JD O@XLDMS AX :8* @BBNTMS hDmFm @ BTRSNLDQ GNKCHMF :8* HMRTQ@MBD ONKHBHDRik @ 8/ G@R SN AD RDS TO @S @MX .8}~ AQ@MBGm 5KD@RD @KRN MNSD SG@S VGDMDUDQ SGDQDgR @ BG@MFD HM SGD 8/ VGHBG L@X AD SQHFFDQDC AX ONKHBX RTQQDMCDQnK@OR@SHNM NQ ONKHBX BG@MFDR QDK@SDC SN OQDLHTL O@XLDMSk BTRSNLDQR MDDC SN @QQ@MFD SGD @LDMCLDMS NE SGD 8/ @S .8}~ AQ@MBGDRm /E 8/ HR RTBBDRRETKKX RDS TO SN QDOK@BD OQDUHNTR **| OQDLHTL O@XLDMSk OKD@RD DMRTQD @ VQHSSDM MNSHBD G@R ADDM RDMS SN /3.0 SN B@MBDK SGD **| SN @UNHC CTOKHB@SHNM NE O@XLDMS @QQ@MFDLDMSm | **| BNMEHQL@SHNM MNSHEHB@SHNM VHKK AD RDMS AX /3.0 SN BNMEHQL SGD **| B@MBDKK@SHNMm

r-*~vz9~ t537~|7-32 t0z2 dr-*~7-1~ s~}-|z0e qp @4 EMFY MFUUJSX NK YMJ GFQFSHJ TK YMJ >JINHFQ 6HHTZSY NX

WJIZHJI YT _JWT5 |y 9GD ONKHBX R@UHMFR VHKK BNMSHMTDm 9GD CD@SG ADMDEHS @LNTMS O@X@AKD TMCDQ SGD ONKHBX VHKK AD DPTHU@KDMS SN pf NE SGD RTL HMRTQDC @S SGD QDSHQDLDMS @FD @MC CD@SG ADMDEHS ATXlA@BJ @LNTMS hHE @MXik OKTR @MX @BBTLTK@SDC CHUHCDMCRnFT@Q@MSDDC QDSHQDLDMS ANMTRm

qq @4
GTSZX. MT\ ITJX YMNX FKKJHY R^ >JINHFQ 6HHTZSY5 |y 9GD ONKHBX CHUHCDMCR @MC SGD FT@Q@MSDDC QDSHQDLDMS ANMTR @QD O@X@AKD HM @CCHSHNM SN SGD LDCHB@K ADMDEHSR O@X@AKDk RN VHSGCQ@V@K NE @MX CHUHCDMCR NQ SGD FT@Q@MSDDC QDSHQDLDMS ANMTR VHKK MNS @EEDBS XNTQ 2DCHB@K |BBNTMSm

qr @4 EMFY \NQQ < LJY GFHP NK < XZWWJSIJW YMJ UTQNH^5 |y /E XNT B@MBDK SGD ONKHBX ADENQD SGD DMC NE SGD ONKHBX SDQLk XNT VHKK QDBDHUD SGD RTQQDMCDQ U@KTDm 9GHR HR SGD RTL NE SGD FT@Q@MSDDC B@RG U@KTD hKDRR @MX @LNTMS BK@HLDCik @MX @BBTLTK@SDC CHUHCDMCR @MC FT@Q@MSDDC QDSHQDLDMS ANMTRm 5KD@RD MNSD SG@S D@QKX RTQQDMCDQ L@X QDRTKS HM XNTQ FDSSHMF A@BJ KDRR SG@M VG@S XNT G@UD O@HC HMSN SGD ONKHBXm

pp

qs @4 8FS < HMFSLJ YMJ UF^RJSY YJWR TW YMJ WJYNWJRJSY FLJ TK YMJ UTQNH^ FKYJW NXXZFSHJ5 |y 3Nm

r-*~67:0~ 6~5-~6jwz5+~7 t537~|7-32 t086jy,30~r-*~ t537~|7-32 t0z2 qt @4 ;T\ IT < PST\ \MFY FSSZFQ UTQNH^ IN[NIJSIX FWJ UF^FGQJ

ZSIJW R^ UTQNH^5 |y >NT VHKK EHMC SGHR HMENQL@SHNM NM XNTQ @MMT@K RS@SDLDMSm 5KD@RD MNSD SG@S CHUHCDMCR @MC SGD CHUHCDMC @BBTLTK@SHNM Q@SD @QD MNS FT@Q@MSDDC @MC L@X AD @CITRSDC EQNL SHLD SN SHLDm

qu @4 EMFY FWJ YMJ IN[NIJSI. LZFWFSYJJI HFXM GTSZXk FSI YMJNW FHHZRZQFYNTS WFYJ5

|y 9GD CHUHCDMC CDBK@QDC AX HMRTQ@MBD BNLO@MX HR A@RDC NM HSR NUDQ@KK

ATRHMDRR ODQENQL@MBD @MC HMUDRSLDMS QDSTQMm /S HR MNMlFT@Q@MSDDC @MC CDBK@QDC AX SGD HMRTQ@MBD BNLO@MX @MMT@KKXm -T@Q@MSDDC B@RG ANMTRs HR SGD FT@Q@MSDDC O@XNTS VGHBG VHKK MNS @EEDBS SGD RTL HMRTQDC NE SGD ONKHBXm |MX CHUHCDMCR NQ FT@Q@MSDDC B@RG ANMTRDRs O@X@AKD TMCDQ XNTQ ONKHBX B@M AD QDHMUDRSDC HM XNTQ ONKHBX @MC HMSDQDRS VHKK AD BQDCHSDC NM SGD @BBTLTK@SDC hHmDm QDHMUDRSDCi CHUHCDMCR NQ B@RG ANMTRDRm 3DHSGDQ ONKHBX CHUHCDMCR MNQ SGD @BBTLTK@SHNM Q@SD HR FT@Q@MSDDCm

qv @4 >^ HT[JWFLJ ZSIJW CFWLJY ?WTYJHYNTS ?QZX QFXYX KTW 32 ^JFWX0

EMFY HFS < IT NK < \FSY YT HTSYNSZJ YMJ UWTYJHYNTS FY YMJ JSI TK YMJ 32/^JFW YJWR5 |y 9@QFDS 5QNSDBSHNM 5KTR BNLDR VHSG @ BNMUDQRHNM QHFGS h@OOKHB@AKD SN RS@MC@QC ONKHBHDR NMKXik VGHBG DM@AKDR XNT SN S@JD NTS @ MDV DMCNVLDMS NQ VGNKD KHED OK@M NM L@STQHSX HE XNT @QD TMCDQ uo XD@QR NKCk QDF@QCKDRR NE XNTQ RS@SD NE GD@KSG @S SG@S SHLDm 5QNNE NE HMRTQ@AHKHSX HR MNS QDPTHQDCm

qw @4 ;T\ \NQQ < WJHJN[J YMJ GJSJKNYX UF^FGQJ ZSIJW R^ CFWLJY

?WTYJHYNTS ?QZX FY YMJ JSI TK YMJ UTQNH^ YJWR5 |y >NT B@M BGNNRD SN S@JD SGD ADMDEHSR @R @ KTLO RTLk QDBDHUD O@QS NE SGD ADMDEHS @MC KD@UD SGD QDRS SN D@QM HMSDQDRSk NQ TRD SGD ADMDEHS SN RTOONQS QDFTK@Q VHSGCQ@V@KRm 1DS TR JMNV HM VQHSHMF VGHBG NOSHNM XNT OQDEDQm

qx @4 ;T\ RZHM HFS < LJY GFHP NK < XZWWJSIJW YMJ UTQNH^5

|y >NT B@M FDS A@BJ SGD FT@Q@MSDDC B@RG U@KTD OKTR @MX CHUHCDMCR @MC FT@Q@MSDDC B@RG ANMTR @BBQTDC hOKTR SGD A@K@MBD NE @ RHMFKD O@XLDMS RTAIDBS SN @ RTQQDMCDQ BG@QFD ENQ RHMFKD O@XLDMS ONKHBHDRim 5KD@RD MNSD SG@S HE XNT B@RG HM NQ RTQQDMCDQ XNTQ ONKHBX ADENQD SGD L@STQHSX C@SDk SGD @LNTMS XNT FDS A@BJ L@X AD KDRR SG@M SGD OQDLHTLR XNT G@UD O@HCm

s

-T@Q@MSDDC B@RG ANMTR HR @OOKHB@AKD SN 1HED8SXKD RDQHDR NMKXm

pq

ro @4
YMJ GFQFSHJ TK YMJ XNSLQJ UF^RJSY IZWNSL YMJ YJWR5 |y 9GD RHMFKD O@XLDMS NOSHNM @KKNVR XNT SN O@X @KK SGD QDPTHQDC OQDLHTLR @S @ CHRBNTMSDC U@KTDm 9GD LNMDX VHKK AD KNBJDC HMSN @M HMUDRSLDMS SN DMRTQD SGD OQDLHTLR O@HC SNFDSGDQ VHSG SGD OQNIDBSDC HMUDRSLDMS QDSTQM VHKK AD RTEEHBHDMS ENQ ETSTQD O@XLDMSk SGTR XNT B@MMNS VHSGCQ@V SGD A@K@MBD NE @ RHMFKD O@XLDMS TMKDRR XNT RTQQDMCDQ SGD ONKHBXk NM VGHBG @ RTQQDMCDQ BG@QFD VHKK AD HLONRDC ADENQD SGD QDETMCm 9GDQDENQD HS HR HLONQS@MS SG@S XNT BNMRHCDQ @MC BGNNRD @S SGD SHLD NE @OOKHB@SHNM @ O@XLDMS SDQL VGHBG EHSR XNTQ EHM@MBH@K BHQBTLRS@MBDRm

rp @4 ;T\ HFS < PJJU YWFHP TK R^ UQFS5 |y >NT VHKK QDBDHUD @M @MMT@K RS@SDLDMS RGNVHMF SGD TOC@SDC ONKHBX U@KTDRm >NT B@M @KRN @BBDRR SGD CDS@HKR NE XNTQ ONKHBX NMKHMD @S \\\6MXGH6HTR6MP HE XNT @QD @ .8}~ HMSDQMDS A@MJHMF BTRSNLDQk NQ B@KK hwtqi qtwr wooom

rq @4 EMFY NK < HMFSLJ R^ RNSI FKYJW UZWHMFXNSL YMJ UQFS5

|y |R VHSG @KK KHED HMRTQ@MBD OK@MRk XNT B@M QDUHDV XNTQ ONKHBX @MC CDBHCD VGDSGDQ SGD OK@M HR RTHS@AKD ENQ XNTQ MDDCR VHSGHM SGD BNNKHMFlNEE ODQHNCm /E XNT CDBHCD MNS SN S@JD NTS SGD OK@M VHSGHM SGD BNNKHMFlNEE ODQHNCk VD VHKK QDETMC @KK OQDLHTLR XNT G@UD O@HCm /M SGD B@RD NE @ RHMFKD O@XLDMS ONKHBXk SGD QDETMC VHKK AD @CITRSDC AX SGD @LNTMS AX VGHBG SGD U@KTD NE SGD HMUDRSLDMS ENQ SGHR RHMFKD O@XLDMS G@R E@KKDM @S SGD SHLD XNTQ B@MBDKK@SHNM KDSSDQ HR QDBDHUDC AX TRm

rr @4
|y /E SGD ONKHBXGNKCDQ CHDR ADENQD SGD HMRTQDC QD@BGDR @FD pwk SGD HMRTQDC\R NEEHBH@K FT@QCH@M VHKK G@UD BNMSQNK NUDQ SGD ONKHBXm 4SGDQVHRD SGD ONKHBXGNKCDQ\R @CLHMHRSQ@SNQ B@M DWDBTSD SGDHQ QHFGSR @MC BNMSQNK NUDQ SGD ONKHBXm

rs @4 8FS < HMFSLJ YMJ UF^RJSY YJWR TK YMJ UTQNH^ FKYJW UTQNH^ NXXZFSHJ5 |y 3Nm

rt @4
UWJRNZRX. \NQQ < XYNQQ GJ JSYNYQJI YT YMJ LZFWFSYJJI HFXM GTSZXk5 |y >DRm >NT @QD EQDD SN TRD XNTQ CHUHCDMCR VHSGNTS @EEDBSHMF SGD FT@Q@MSDDC B@RG ANMTRs O@XLDMSm

pr

s

-T@Q@MSDDC B@RG ANMTR HR @OOKHB@AKD SN 1HED8SXKD RDQHDR NMKXm

u~*82}z{0~ t537~|7-32 t0z2 dsz.35 q002~66e ru @4 g+ ,vs*s o|1 /ow,w|u ~s*w}r t}* lst-|ropzs j*},sq,w}| jzo|

]iox}* gzz|s++^5 |y >DRk SGD V@HSHMF ODQHNC HR xo C@XR EQNL SGD ONKHBX C@SD NQ SGD DEEDBSHUD C@SD NE K@RS QDHMRS@SDLDMS hVGHBGDUDQ HR K@SDQi ENQ L@INQ HKKMDRR ADMDEHSm 2@INQ HKKMDRR ADMDEHS RG@KK MNS AD O@X@AKD @S @MX SHLD TMCDQ SGHR ONKHBX HE SGD L@INQ HKKMDRRk SGD RHFMR NQ RXLOSNLR NE VGHBG NQ SGD CH@FMNRHR NE VGHBG EHQRS NBBTQQDC VHSGHM SGD V@HSHMF ODQHNCm ,NQ TMDLOKNXLDMS ADMDEHSk SGD V@HSHMF ODQHNC HR u LNMSGR EQNL SGD ONKHBX C@SD NQ HRRTD C@SD NQ SGD DEEDBSHUD C@SD NE K@RS QDHMRS@SDLDMS hVGHBGDUDQ HR K@SDQim 9GD 1HED /MRTQDC HR MNS DKHFHAKD SN BK@HL SGHR ADMDEHS HE SGD TMDLOKNXLDMS BNLLDMBDR VHSGHM SGD V@HSHMF ODQHNCm

rv @4 nvo, r}s+ {ox}* wzz|s++ ps|stw, q}.s*b

|y | KTLO RTL VHKK AD O@HC SN XNT HE XNT RTQUHUD ENQ @S KD@RS ro C@XR @ESDQ SGD BNMEHQLDC CH@FMNRHR NE @MX BNUDQDC L@INQ HKKMDRRm

rw @4 nvo, r} {ox}* wzz|s++ {srwqoz s0~s|+s+ q}.s*b

|y 2@INQ HKKMDRR LDCHB@K DWODMRDR BNUDQ QDK@SDC LDCHB@K DWODMRDR CTD SN SQD@SLDMS NE SGD L@INQ HKKMDRR ADHMF BK@HLDC @MC VGHBG @QD OQNUHCDC AX @ 7DFHRSDQDC 2DCHB@K 5Q@BSHSHNMDQ NQ ~GHMDRD .DQA@KHRSk VGHBG VHKK AD O@HC AX QDHLATQRDLDMSm 9GD BNUDQDC HSDLR HMBKTCDy l 5QNEDRRHNM@K BG@QFDR @MC SQD@SLDMS DWODMRDR NE @ 7DFHRSDQDC 2DCHB@K 5Q@BSHSHNMDQ l 5QNEDRRHNM@K BG@QFDR @MC SQD@SLDMS DWODMRDR NE @ ~GHMDRD .DQA@KHRS l 2DCHB@K DWODMRDR BG@QFDC AX GNROHS@K l ~NRS ENQ LDCHB@K BGDBJlTO l =lQ@X @MCnNQ NSGDQ K@ANQ@SNQX SDRS l ~NRS NE LDCHBHMD @MC CQTFR l ,DDR ENQ OGXRHNSGDQ@OX l ~G@QFDR ENQ @LATK@MBD SQ@MRONQS@SHNM l ~NRS NE CQDRRHMFk AQ@BDRk RTOONQSRk ROKHMSRk OK@RSDQ B@RSR @MC QDMS@K NE @MX HMRSQTLDMS ENQ SQD@SLDMS

rx @4 ;T\ ITJX YMJ UWJRNZR WJKZSI \TWP5 |y /E SGDQD @QD MN BK@HLRk OQDLHTL QDETMC VHKK ADBNLD @U@HK@AKD ENQ ONKHBX SDQLHM@SHNM NBBTQQHMF @ESDQ BNLOKDSHNM NE SGD RDBNMC ONKHBX XD@Q NQ TONM ONKHBX L@STQHSXm9GD OQDLHTL QDETMC @LNTMS HR B@KBTK@SDC @BBNQCHMF SN SGD ]5QDLHTL 7DETMC 5DQBDMS@FD 9@AKDem

ps

so @4
WJHJN[JI \NYMNS YMJ LWFHJ UJWNTI. \NQQ YMJWJ GJ FS^ UWJRNZR WJKZSI5 |y /E SGDQD @QD MN BK@HLR @MC SGD ONKHBX HR SDQLHM@SDC @ESDQ SGD RDBNMC ONKHBX XD@Q CTD SN MNMlO@XLDMS NE OQDLHTLR VHSGHM SGD FQ@BD ODQHNC OQDLHTL QDETMC VHKK ADBNLD O@X@AKDk OKD@RD QDEDQ SN SGD e5QDLHTL 7DETMC 5DQBDMS@FD 9@AKDem

sp @4 EMFY \NQQ GJ YMJ FWWFSLJRJSY KTW IJFYM GJSJKNY5

|y ,NQ @OOKHB@SHNM UH@ SDKDOGNMD NQ NMKHMDk SGD ADMDEHBH@QX VHKK AD CDE@TKSDC SN SGD ONKHBXGNKCDQgR DRS@SD VGDM SGD ONKHBX HR HRRTDCm /E SGD 5NKHBXGNKCDQ VNTKC KHJD SN CDRHFM@SD @ ADMDEHBH@QXk OKD@RD BNLOKDSD @MC QDSTQM SGD ENQL e7DPTDRS ENQ 5NKHBX ~G@MFD l 3NM ,HM@MBH@Ke ENQ @QQ@MFDLDMSm |M @BJMNVKDCFDLDMS VHKK AD RDMS ENQ BNMEHQL@SHNMm ,NQ @OOKHB@SHNM UH@ AQ@MBGDRk SGD ONKHBXGNKCDQ L@X CDRHFM@SD ADMDEHBH@QX hHDRi NM SGD @OOKHB@SHNM ENQLm

sq @4 ENQQ YMJ UTQNH^ GJ WJSJ\JI FZYTRFYNHFQQ^5

|y 9GD ONKHBX SDQL HR po XD@QR ENKKNVHMF RTBBDRRETK @OOKHB@SHNMm 9GD HMRTQ@MBD BNLO@MX L@X HRRTD MNSHEHB@SHNM NM ONKHBX QDMDV@K @QQ@MFDLDMSR MNS KDRR SG@M ro C@XR ADENQD SGD polXD@Q ONKHBX L@STQHSXm .NVDUDQk SGD BNLO@MX G@R @ARNKTSD CHRBQDSHNM SN CDSDQLHMD VGDSGDQ NQ MNS SN QDMDV SGD ONKHBXm

sr @4 8FS < GJ HT[JWJI G^ RTWJ YMFS TSJ AJKZSIFGQJ ?WTYJHYNTS

?QFS ,>FOTW NT B@MMNS AD BNUDQDC TMCDQ LNQD SG@M NMD 7DETMC@AKD 5QNSDBSHNM 5K@M h2@INQ /KKMDRRi ONKHBXm /M SGD DUDMS SG@S XNT @QD BNUDQDC TMCDQ LNQD SG@M NMD ONKHBXk @MX BK@HLR O@XLDMS VHKK NMKX AD L@CD A@RDC NM SGD ONKHBX VHSG SGD FQD@SDRS @LNTMS NE L@INQ HKKMDRR ADMDEHSm |KSDQM@SHUDKXk HE SGD ONKHBHDR OQNUHCD SGD R@LD L@INQ HKKMDRR BNUDQ@FDk SGD BK@HLR O@XLDMS VHKK AD L@CD A@RDC NM SGD EHQRS HRRTDC ONKHBXm 9GD OQDLHTLR NE NSGDQ 7DETMC@AKD 5QNSDBSHNM 5K@M h2@INQ /KKMDRRi ONKHBHDR VGHBG @QD MNS @OOKHB@AKD ENQ BK@HLR O@XLDMS VHKK AD QDETMCDCm

ss @4
\NQQ YMJ HT[JWFLJ FSI HQFNRX GJ FKKJHYJI5 |y 8TAIDBS SN SGD @MRVDQ SN SGD ,|6 ITRS @ANUDk SGD BNUDQ@FD @MC BK@HLR ENQ 7DETMC@AKD 5QNSDBSHNM 5K@M h2@INQ /KKMDRRi VHKK MNS AD @EEDBSDC DUDM HE XNT @QD BNUDQDC TMCDQ NSGDQ L@INQnBQHSHB@K HKKMDRR ONKHBHDRm

st ka do| g o~~z1 ,} q}.s* {1 to{wz1 {s{ps*+ /w,v lst-|ropzs

j*},sq,w}| jzo| ]iox}* gzz|s++^b |y >NT B@M @OOKX SN BNUDQ XNTQ E@LHKX LDLADQR VHSG 7DETMC@AKD 5QNSDBSHNM 5K@M h2@INQ /KKMDRRi HE @OOKHB@SHNM HR L@CD @S AQ@MBGDRm .NVDUDQk ENQ @OOKHB@SHNM UH@ SDKDOGNMD NQ NMKHMDk SGD KHED HMRTQDC LTRS AD SGD @OOKHB@MSm

pt

su ka do| g qvo|us ,vs +szsq,sr ~zo| zs.sz }t lst-|ropzs

j*},sq,w}| jzo| ]iox}* gzz|s++^b |y |ESDQ SGD BNNKHMF NEE ODQHNCk SGD RDKDBSDC OK@M KDUDK NE 7DETMC@AKD 5QNSDBSHNM 5K@M h2@INQ /KKMDRRi B@MMNS AD BG@MFDCm

sv ka do| ~o1{s|, {s,v}r ps qvo|usr r-*w|u ~}zwq1 ,s*{b

|y >DRk HE BG@MFD NE O@XLDMS LDSGNC HR QDPTHQDCk OKD@RD BNLOKDSD @MC QDSTQM SGD ENQL e7DPTDRS ENQ 5NKHBX ~G@MFD l 3NM ,HM@MBH@Kem 9GD BG@MFD VHKK AD DEEDBSHUD NM SGD MDWS 5NKHBX |MMHUDQR@QXm /E SGD O@XLDMS LNCD HR BG@MFDC EQNL LNMSGKX SN @MMT@KKXk SGD LNMSGKX OQDLHTL ENQ SGD QDL@HMHMF LNMSGR TO SN SGD MDWS 5NKHBX |MMHUDQR@QX LTRS AD L@CDm

u~7-5~q2|31~ l228-7: t0z2 sw @4 EMFY \NQQ < LJY GFHP NK < XZWWJSIJW AJYNWJ<SHTRJ 6SSZNY^ ?QFS5

|y /E XNT B@MBDK SGD ONKHBX ADENQD SGD DMC NE SGD ONKHBX SDQLk XNT VHKK QDBDHUD SGD RTQQDMCDQ U@KTDm 9GHR HR SGD RTL NE SGD FT@Q@MSDDC B@RG U@KTDk @MX @BBTLTK@SDC CHUHCDMCRk @MX @BBTLTK@SDC FT@Q@MSDDC QDSHQDLDMS ANMTR @MC @MX @BBTLTK@SDC @MMTHSX O@XLDMSR hOKTR SGD A@K@MBD NE SGD RHMFKD O@XLDMS RTAIDBS SN @ RTQQDMCDQ BG@QFD CDSDQLHMDC AX TR ENQ RHMFKD O@XLDMS ONKHBHDRim 5KD@RD MNSD SG@S D@QKX RTQQDMCDQ L@X QDRTKS HM XNT FDSSHMF A@BJ KDRR SG@M XNT G@UD O@HC HMSN SGD ONKHBXm

sx @4 ;T\ HFS < PJJU YWFHP TK R^ UQFS5 |y >NT VHKK QDBDHUD @M @MMT@K RS@SDLDMS RGNVHMF SGD TOC@SDC ONKHBX U@KTDRm >NT B@M @KRN @BBDRR SGD CDS@HKR NE XNTQ ONKHBX NMKHMD @S \\\6MXGH6HTR6MP HE XNT @QD @ .8}~ HMSDQMDS A@MJHMF BTRSNLDQk NQ B@KK hwtqi qtwr wooom

w~51 q2685z2|~ to @4 < UZWHMFXJI F >TWYLFLJ ?WTYJHYNTS ?QFS \MJS < FWWFSLJI

F MTRJ RTWYLFLJ QTFS \NYM ;B780 NT B@M JDDO SGD ONKHBX HM DEEDBS SN DMRTQD SG@S SGD HMRTQ@MBD BNUDQ BNMSHMTDR SN OQNSDBS XNTQ MDV LNQSF@FD KN@Mm .NVDUDQk HS HR HLONQS@MS SN BGDBJ VGDSGDQ SGD DWHRSHMF ONKHBX OQNUHCDR RTEEHBHDMS BNUDQ SN OQNSDBS XNTQ MDV LNQSF@FD KN@Mm

pu

tp @4 >^ YJWR NSXZWFSHJ UTQNH^ NSHQZIJX F HTS[JWXNTS UWN[NQJLJ0

EM^ \TZQI < J]JWHNXJ YMNX TUYNTS FSI MT\ HFS < IT NY5 |y 9GD BNMUDQRHNM OQHUHKDFD LD@MR XNT B@M BNMUDQS XNTQ SDQL ONKHBX SN NMD NE NTQ R@UHMFR OK@MR EQDD NE TMCDQVQHSHMF ADENQD XNT QD@BG SGD @FD NE uom >NT L@X VHRG SN TRD SGHR NOSHNM @S @ SHLD NE XNTQ KHED VGDM XNT V@MS SN R@UD ENQ SGD ETSTQDk ENQ DW@LOKDk HE XNT @QD MDVKX L@QQHDC @MC V@MS SN R@UD ENQ XNTQ NVM GNLDm 9N DWDQBHRD SGHR NOSHNMk XNT VHKK MDDC SN BNLOKDSD @ 7DPTDRS NE 5NKHBX ~G@MFD ,NQLk SNFDSGDQ VHSG @M @OOKHB@SHNM ENQL ENQ SGD MDV ONKHBX NE XNTQ BGNHBDm >NTQ
nsoz,vg|.s+, g|+-*o|qs jzo|
pv

`


`

/RRTDQ\R 7HRJ l XNT QDKX NM SGD ~NLO@MX\R BQDCHSVNQSGHMDRR @MC XNTQ HMUDRSLDMSR @QD RTAIDBS SN SGD BQDCHS QHRJ NE SGD ~NLO@MXm

`

>NT @QD MNS HMUDRSHMF HM SGD TMCDQKXHMF ETMCR @MC XNT CN MNS G@UD @MX QHFGSR NQ NVMDQRGHO NUDQ SGDRD TMCDQKXHMF ETMCRm

`

>NTQ QDSTQM EQNL HMUDRSLDMS HR B@KBTK@SDC VHSG QDEDQDMBD SN SGD EKTBST@SHNM NE SGD ODQENQL@MBD NE SGD TMCDQKXHMF ETMCRm +@BG NE SGDRD TMCDQKXHMF ETMCR G@R HSR NVM HMUDRSLDMS NAIDBSHUDR @MC @RRNBH@SDC QHRJRm

`

+@QKX RTQQDMCDQ NQ VHSGCQ@V@K NE SGD OK@M L@X QDRTKS HM @ RHFMHEHB@MS KNRR NE XNTQ OQHMBHO@K @MC ANMTRDR @V@QCDCm

`

9GD HMUDRSLDMS CDBHRHNM HR XNTQR ATS VD RSQNMFKX QDBNLLDMC SG@S XNT CN MNS HMUDRS HM SGD OK@M TMKDRR SGD HMSDQLDCH@QX VGN RDKKR HS SN XNT G@R DWOK@HMDC SN XNT SG@S SGD OK@M HR RTHS@AKD ENQ XNT G@UHMF QDF@QC SN XNTQ EHM@MBH@K RHST@SHNMk HMUDRSLDMS DWODQHDMBD @MC HMUDRSLDMS NAIDBSHUDRm

`

>NT RGNTKC MNS QDKX NM SGHR CNBTLDMS @KNMDm 5KD@RD QDEDQ SN SGD AWNSHNUFQ 8WTHMZWJ ENQ LNQD CDS@HKR OQHNQ SN HMUDRSHMF HM SGD OK@Mm

173>F:+@H7EF +@EGD3@57 ,>3@ :3E 477@ 3GF:AD;E76 4J F:7 .75GD;F;7E 3@6 ~GFGD7E {A??;EE;A@ rK.~{Lsv .G5: 3GF:AD;E3F;A@ 6A7E @AF ;?B>J A88;5;3> D75A??7@63F;A@ 4J F:7 .~{v +@H7EF?7@F ;@HA>H7E D;E=v }35: +@H7EF?7@F {:A;57 :3E ;FE AI@ ;@:7D7@F D;E=E 3@6 ;E EG4<75F FA ?3D=7F H3>G7 8>G5FG3F;A@Ev /:7 G@;F BD;57 A8 735: +@H7EF?7@F {:A;57 ?3J 9A 6AI@ 3E I7>> 3E GBv +@ F:7 IADEF 53E7 E57@3D;At F:7 H3>G7 A8 F:7 +@H7EF?7@F {:A;57E G@67D F:7 B>3@ ?3J 47 IADF: EG4EF3@F;3>>J >7EE F:3@ F:7 AD;9;@3> 3?AG@F JAG :3H7 ;@H7EF76 ;@FA F:7 B>3@v ,>73E7 D787D FA F:7 K-;E= |;E5>AEGD7L E75F;A@ A8 F:7 +@H7EF?7@F {:A;57 ;@E7DF 3@6 F:7 BDAEB75FGE A8 F:7 5ADD7EBA@6;@9 G@67D>J;@9 8G@6 478AD7 E7>75F;@9 F:7 +@H7EF?7@F {:A;57v

tq @4 f}/ qo| g yss~ ,*oqy }t ,vs ~*}u*s++ }t {1 w|.s+,{s|,+ o|r ,vs -|w, ~*wqs+ }t ,vs g|.s+,{s|, dv}wqs+b |y 2AG I;>> D757;H7 3 CG3DF7D>J EF3F7?7@F E:AI;@9 67F3;>E A8 JAGD BA>;5J 3@6 F:7 BDA9D7EE A8 JAGD ;@H7EF?7@FEv |3;>J G@;F BD;57E A8 F:7 +@H7EF?7@F {:A;57E 3D7 3H3;>34>7 3F IIIv:E45v5A?v:=v

tr @4 g+ ,vs*s o|1 qvo*us t}* +/w,qvw|u ps,/ss| g|.s+,{s|, dv}wqs+b q |y /:7D7 ;E @A 5:3D97 5GDD7@F>J 4GF 5:3D97E I;>> 47 D7H;7I76 B7D;A6;53>>Jv /:7 {A?B3@J I;>> 9;H7 JAG @AF >7EE F:3@ A@7 ?A@F:qE ID;FF7@ @AF;57 rAD EG5: E:ADF7D B7D;A6 ;@ 355AD63@57 I;F: F:7 .75GD;F;7E 3@6 ~GFGD7E {A??;EE;A@qE {A67 A@ +@H7EF?7@Fu>;@=76 zEEGD3@57 .5:7?7Es ;@ 36H3@57 ;8 3@J 5:3D97E 3D7 ;?BAE76v

ts @4 f}/ {-qv /wzz g us, poqy wt g +-**s|rs* ,vs ~}zwq1b

|y +8 JAG EGDD7@67D F:7 BA>;5J 478AD7 F:7 7@6 A8 F:7 BA>;5J F7D?t JAG I;>> D757;H7 F:7 {3E: 03>G7 A8 JAGD BA>;5J 355AG@F >7EE 3@J 3BB>;534>7 }3D>J }@53E:?7@F {:3D97 3@6 AF:7D BA>;5J 5:3D97Ev *AI7H7Dt F:7 B>3@ ;E 3 ?76;G? FA >A@9uF7D? ;@H7EF?7@Fv }3D>J F7D?;@3F;A@ A8 F:7 B>3@ ?3J D7EG>F ;@ 3 E;9@;8;53@F >AEE A8 JAGD BD;@5;B3> 3@6 4A@GE7E 3I3D676v

tt @4 nvs| /wzz ,vs ~*s{w-{ ~owr ps ozz}qo,sr ,} ,vs +szsq,sr

g|.s+,{s|, dv}wqs]+^b nvs| /wzz ,vs j}zwq1 qvo*us+ ps rsr-q,srb |y :ONM QDBDHOS NE SGD OQDLHTLk SGD @KKNB@SHNM SN SGD /MUDRSLDMS ~GNHBDhRi VHKK AD DEEDBSDC @R RNNM SGDQD@ESDQ @R HRk HM NTQ CHRBQDSHNMk OQ@BSHB@AKDm 3NQL@KKXk SGD @KKNB@SHNM VHKK AD BNLOKDSDC VHSGHM r 9Q@MR@BSHNM *@SDRm 5NKHBX ~G@QFDR VHKK AD CDCTBSDC LNMSGKX RS@QSHMF NMD LNMSG @ESDQ SGD 5NKHBX *@SDm

pw

tu @4 EMFY NX <SNYNFQ ?F^RJSY ?JWNTI FSI \MFY NX YMJ QNRNYFYNTS IZWNSL YMNX UJWNTI5

|y /S HR SGD EHQRS ru LNMSGR EQNL 5NKHBX *@SDm *TQHMF SGHR ODQHNCk l 5QDLHTL GNKHC@XR @MC @MX VHSGCQ@V@KR @QD MNS @KKNVDCz l 7DCTBSHNM NE OQDLHTL ENQ SGD A@RHB OK@M HR RTAIDBS SN @M +@QKX +MB@RGLDMS ~G@QFD l 9GD ONKHBX @TSNL@SHB@KKX K@ORDR HE OQDLHTL HR NUDQCTD ENQ ut BNMRDBTSHUD C@XR @MC SGD ~@RG ;@KTD VHKK AD QDETMCDC SN XNT @ESDQ CDCTBSHMF SGD +@QKX +MB@RGLDMS ~G@QFD @MC ONKHBX BG@QFDR

tv @4 EMJS \NQQ YMJ :FWQ^ :SHFXMRJSY 8MFWLJ GJ FUUQNHFGQJ5 |y /S HR @OOKHB@AKD HM SGD ENKKNVHMF RHST@SHNMRy l 8TQQDMCDQ l
tw ka g+ orrw,w}|oz ~*s{w-{ ozz}/sr /w,vw| ~}zwq1 ,s*{b |y 3Nm

tx ka nvo, w+ e-o*o|,ssr d}.s*ous j*w.wzsus o|r /vo, o*s ,vs q*w,s*wo ,} s|x}1 ,vw+ j*w.wzsusb

|y /E SGD ENKKNVHMF BQHSDQH@ @QD ETKEHKKDCk SGHR 5QHUHKDFD VHKK FT@Q@MSDD XNTQ ONKHBX MNS SN K@ORD DUDM VGDM XNTQ ~@RG ;@KTD E@KKR SN YDQN CTD SN ONNQ ODQENQL@MBD NE XNTQ /MUDRSLDMS ~GNHBDRy l /E XNT G@UD 349 S@JDM @ OQDLHTL GNKHC@Xz l /E XNT G@UD 349 QDCTBDC XNTQ OQDLHTL AX LNQD SG@M tof NE SGD OQDLHTL XNT O@HC @S ONKHBX HRRT@MBDz l /E XNT G@UD 349 L@CD @MX VHSGCQ@V@KRz @MC l /E XNT G@UD 349 LHRRDC @MX OQDLHTL VGDM CTD 9GHR 5QHUHKDFD VHKK DMC @S SGD 5NKHBX |MMHUDQR@QX HLLDCH@SDKX @ESDQ SGD KHED HMRTQDC QD@BGDR @FD utk A@RDC NM @FD @S MDWS AHQSGC@X

uo ka f}/ /wzz ,vs u-o*o|,ssr p}|-+s+_ w|qz-rw|u m,o*,-~ c}|-+_ m~sqwoz c}|-+ o|r h}1oz,1 c}|-+ ps ~owrb

|y |KK r SXODR NE ANMTRDR VHKK AD BQDCHSDC SN XNTQ ONKHBX @BBNTMS AX @CCHSHNM NE TMHSR HM QDRODBS NE XNTQ RDKDBSDC /MUDRSLDMS ~GNHBDR @BBNQCHMF SN XNTQ OQDLHTL @KKNB@SHNM HMRSQTBSHNM @OOKHB@AKD @S SGD ANMTR O@XLDMS C@SD

px

j ~K@HLR

/E XNT NQ XNTQ ADMDEHBH@QX L@X MDDC SN L@JD @ BK@HL @F@HMRS XNTQ ONKHBXk VD\QD GDQD SN GDKO VHSG @ RDQUHBD SG@S @HLR SN AD RLNNSGk RVHES @MC TMCDQRS@MCHMFm }DENQD BNMRHCDQHMF @ BK@HLk VD VHKK MDDC BDQS@HM HMENQL@SHNM @MC CNBTLDMSR EQNL XNTm 9GDRD CNBTLDMSR VHKK U@QX @BBNQCHMF SN SGD SXOD NE BK@HL XNT @QD L@JHMFm |KRNk HM RNLD BHQBTLRS@MBDRk VD L@X MDDC SN QDPTDRS ETQSGDQ HMENQL@SHNM EQNL XNT NQ CHQDBSKX EQNL XNTQ LDCHB@K OQ@BSHSHNMDQm /M LNRS HMRS@MBDRk L@JHMF @ BK@HL BNMRHRSR NE EHUD RHLOKD RSDORy

P

~@KK ~K@HLR .NSKHMD @MC DWOK@HM SGD M@STQD NE SGD BK@HLk NQ MNSHEX TR AX E@Wm

Q


R

7DSTQM SGD BK@HL ENQL @MC RTOONQSHMF CNBTLDMSR CHQDBSKX SN SGD ~K@HLR *DO@QSLDMSk .8}~ 1HED h/MSDQM@SHNM@Ki 1HLHSDC NM pwn,k 9NVDQ pk .8}~ ~DMSQDk p 8G@L 2NMF 7N@Ck 0NVKNNMk .NMF 0NMFm

S

4M QDBDHOS NE XNTQ BK@HLk VD VHKK @RRHFM @ ~K@HLR |RRDRRNQ SN L@M@FD XNTQ BK@HLm /E VD MDDC @MX ETQSGDQ HMENQL@SHNM NQ QDPTHQD @MX @CCHSHNM@K CNBTLDMS@SHNMk SGD ~K@HLR |RRDRRNQ VHKK BNMS@BS XNT AX L@HK CHQDBSKXm

T


>NTQ
B@KK ~K@HLR .NSKHMD hwtqi qqww vsso

VQHSD SN ~K@HLR *DO@QSLDMS .8}~ 1HED h/MSDQM@SHNM@Ki 1HLHSDC pwn,k 9NVDQ pk .8}~ ~DMSQDk p 8G@L 2NMF 7N@Ck 0NVKNNMk .NMF 0NMF ,@BRHLHKDRy hwtqi qqww uxpo qo

n0z-1 7:4~

y,~2 73 237-*: 86

q2*351z7-32 7:4-|z00: 2~~}~}

*D@SG NE KHED HMRTQDC

|R RNNM @R ONRRHAKD

` 9GD NQHFHM@K ONKHBX CNBTLDMS ` 9QFNRFSY_X CYFYJRJSY FHUHMF CDS@HKR NE SGD B@TRD NE SGD BK@HL @MC @TSGNQHRHMF SGD HMRTQ@MBD BNLO@MX SN BNKKDBS ETQSGDQ HMENQL@SHNM EQNL SGHQC O@QSHDRk RTBG @R SGD GNROHS@K ` 4QHFHM@K CD@SG BDQSHEHB@SD ` |SSDMCHMF OGXRHBH@M\R QDONQS ` | BNOX NE /* NE SGD CDBD@RDC @MC NE SGD ADMDEHBH@QX ` | RTOONQSHMF CNBTLDMS SN OQNNE SGD QDK@SHNMRGHO ADSVDDM SGD CDBD@RDC @MC SGD ADMDEHBH@QX ` | 1DSSDQ NE |CLHMHRSQ@SHNM QDPTHQDC HE MN ADMDEHBH@QX HR RODBHEHDC HM SGD ONKHBX

2@INQ /KKMDRR }DMDEHS


` ~NLOKDSDC ?FOTW =QQSJXX 9QFNR ;TWR ` |SSDMCHMF OGXRHBH@M\R QDONQS ` /MUDRSHF@SHNM QDONQSRk RTBG @R GHRSNO@SGNKNFHB@K QDONQSRk DSB

*HR@AHKHSX }DMDEHS


` ~NLOKDSDC :NXFGNQNY] 9QFNR ;TWR ` |SSDMCHMF OGXRHBH@M\R QDONQS ` 8HBJ KD@UD BDQSHEHB@SD ` 5QNNE NE DMSHSKDLDMS SN ~NLOQDGDMRHUD 8NBH@K 8DBTQHSX |RRHRS@MBD h~88|i 8BGDLDk HE @MX

.NROHS@K ~@RG }DMDEHS


` ~NLOKDSDC
,DL@KD }DMDEHS


` ~NLOKDSDC ;JRFQJ 8JSJKNY 9QFNR ;TWR ` |SSDMCHMF OGXRHBH@M\R QDONQS ` /MUDRSHF@SHNM QDONQSRk RTBG @R GHRSNO@SGNKNFHB@K QDONQSRk DSB

:MDLOKNXLDMS }DMDEHS


` ~NLOKDSDC ESJRUQT]RJSY 8JSJKNY 9QFNR ;TWR ` 1DSSDQ NE QDCTMC@MBX NE DLOKNXLDMS ` 1@RS 5@XQNKK VHSG AQD@JCNVM NM 8DUDQ@MBD 5@XLDMSc ,NQ 8DKElDLOKNXDC OQNEDRRHNM@Ky ` 1DSSDQ EQNL @BBNTMS@MS RS@SHMF SG@S SGDQD @QD MN ETQSGDQ ETMCR BNLHMF HMSN SGD ATRHMDRR @MC SGDQD VDQD MN DMNTFG VNQJR SN LDDS @KK QD@RNM@AKD ATRHMDRR @MC KHUHMF DWODMRDR

9DQLHM@K /KKMDRRj


` ~NLOKDSDC DJWRNSFQ =QQSJXX 9QFNR ;TWR 5@QS / AX SGD HMRTQDC ` ~NLOKDSDC DJWRNSFQ =QQSJXX 9QFNR ;TWR 5@QS // AX SGD @SSDMCHMF OGXRHBH@M ` 9GD NQHFHM@K ONKHBX CNBTLDMS ` /MUDRSHF@SHNM QDONQSR RTBG @R K@ANQ@SNQX QDONQSRk GHRSNO@SGNKNFHB@K QDONQSRk DSB

hNSGDQ HMENQL@SHNM L@X AD QDPTHQDC CDODMCHMF NM SGD M@STQD NE SGD BK@HLi

j
5KD@RD QDLDLADQ SG@S HS HR HLONQS@MS SN MNSHEX TR NE XNTQ BK@HL VHSGHM SGD RODBHEHDC SHLDEQ@LDm /E XNT CN MNS CN RNk VD L@X MNS AD @AKD SN BNMRHCDQ XNTQ BK@HLm qp

k ~NLLNM HMRTQ@MBD SDQLR

9GHR FKNRR@QX HR CDRHFMDC SN GDKO XNT TMCDQRS@MC RNLD NE SGD LNQD BNLLNMKX TRDC SDQLR HM HMRTQ@MBDm 9GD LD@MHMF NE SGD SDQLR L@X AD CHEEDQDMS CDODMCHMF NM SGD SXOD NE OK@M BGNRDMk RN OKD@RD QDEDQ SN XNTQ NVM ONKHBX ENQ CDS@HKRm 6XXNLSRJSY

9GD ENQL@K SQ@MREDQ NE QHFGSR SN @MNSGDQ O@QSXk ENQ DW@LOKDk SQ@MREDQ NE SGD QHFGS SN QDBDHUD SGD ADMDEHSR NE @ KHED HMRTQ@MBD ONKHBX ENQ SGD QDOK@BDLDMS NE @ CDAS NQ KN@Mm

8FXM [FQZJ

9GD @LNTMS NE LNMDXk ADENQD @CITRSLDMSR ENQ @MX ONKHBX KN@MRk SG@S HR O@X@AKD SN @ ONKHBXGNKCDQ HE @ ONKHBX HR CHRBNMSHMTDC ADENQD HS L@STQDRm

8TS[JWXNTS

9GD QHFGS NE @ ONKHBXGNKCDQ SN BNMUDQS @ SDQL HMRTQ@MBD BNMSQ@BS SG@S G@R MN B@RG U@KTD HMSN @ ONKHBX VHSG B@RG U@KTDk VHSGNTS SGD MDDC SN OQNUHCD DUHCDMBD NE GHRnGDQ BTQQDMS RS@SD NE GD@KSGm 9GD OQDLHTL ENQ SGD MDV ONKHBX HR A@RDC NM SGD KHED HMRTQDC\R @FD @S SGD SHLD NE BNMUDQRHNMm

:SITWXJRJSY

|M @KSDQ@SHNM SN SGD ONKHBX SG@S G@R ADDM @FQDDC AX TR @MC VGHBG HR @SS@BGDC SN SGD ONKHBXm |MX DMCNQRDLDMS XNT QDBDHUD RGNTKC AD JDOS R@EDKX VHSG SGD ONKHBXm

:SIT\RJSY NSXZWFSHJ

9GHR HR @ KHED HMRTQ@MBD ONKHBX VGHBG O@XR ADMDEHS @ESDQ @M @FQDDC ODQHNC NE SHLDk NQ NM SGD CD@SG NE SGD HMRTQDCk VGHBGDUDQ G@OODMR EHQRSm |M DMCNVLDMS HR @ LHClSNlKNMFlSDQL BNLLHSLDMSm | ONKHBXGNKCDQ VGN RTQQDMCDQR D@QKX L@X MNS FDS A@BJ SGD ETKK @LNTMS NE LNMDX GDnRGD G@R HMUDRSDCm

:[NIJSHJ TK NSXZWFGNQNY^

5QNNE SG@S SGD KHEDlHMRTQDC ODQRNM HR HMRTQ@AKDk FDMDQ@KKX NAS@HMDC SGQNTFG LDCHB@K DW@LHM@SHNM @MCnNQ RS@SDLDMSR L@CD QDF@QCHMF GD@KSGk NBBTO@SHNM @MC EHM@MBH@K RHST@SHNMm

:]HQZXNTSX

+UDMSR NQ BHQBTLRS@MBDR SG@S @QD MNS BNUDQDC AX SGD ONKHBXm

:]UNW^

| RODBHEHDC C@SD VGDM BNUDQ TMCDQ SGD ONKHBX NQ @MX RTOOKDLDMS@QX ADMDEHSR BD@RDm

qq

:]YWF WFYNSL

|CCHSHNM@K OQDLHTL O@X@AKD AX @ ONKHBXGNKCDQ SN QDEKDBS SG@S SGD KHEDlHMRTQDC HR DWONRDC SN @CCHSHNM@K QHRJk DmFm GHRSNQX NE ONNQ GD@KSGm

<SXZWFGQJ NSYJWJXY

| OQHMBHOKD NE HMRTQ@MBD HM VGHBG RNLDNMD L@X NMKX S@JD NTS HMRTQ@MBD HE GDnRGD RS@MCR SN RTEEDQ @ EHM@MBH@K KNRR EQNL @M DUDMS BNUDQDC AX @ ONKHBXm /MCHUHCT@KR G@UD @M TMKHLHSDC HMRTQ@AKD HMSDQDRS HM SGDHQ NVM KHED @MC SG@S NE SGDHQ RONTRDm

<WWJ[THFGQJ GJSJKNHNFW^

| ADMDEHBH@QX HR VGNRD HMSDQDRS B@MMNS AD QDUNJDC hBG@MFDCi VHSGNTS GHRnGDQ VQHSSDM BNMRDMSm

=FUXFYNTS

9GD SDQLHM@SHNM NE @M HMRTQ@MBD ONKHBX ADB@TRD SGD OQDLHTL G@R MNS ADDM O@HCm

?FWYNHNUFYNSL UQFS

| KHED HMRTQ@MBD ONKHBX TMCDQ VGHBG SGD ONKHBXGNKCDQ RG@QDR HM SGD HMRTQ@MBD BNLO@MX\R CHUHRHAKD RTQOKTR HM SGD ENQL NE ONKHBX CHUHCDMCRm

?TQNH^ IN[NIJSIX

| ONQSHNM NE SGD BNLO@MX\R RTQOKTR SG@S HR CHRSQHATSDC SN SGD ONKHBXGNKCDQR NE O@QSHBHO@SHMF ONKHBHDRm 9GD RHYD NE SGD O@XLDMS HR TRT@KKX CDSDQLHMDC AX SGD RHYD NE SGD BNLO@MX\R OQNEHSR @MC HS HR TRT@KKX O@HC NMBD @ XD@Qk @KSGNTFG @ BNLO@MX CNDR MNS G@UD SN O@X @ CHUHCDMC @S @KKm

?TQNH^ QTFS

| KN@M SG@S @M HMRTQDQ L@JDR SN SGD ONKHBXGNKCDQk VHSG HMSDQDRS SG@S HR RDBTQDC AX SGD ONKHBX\R B@RG U@KTDm

?TQNH^ RFYZWNY^

9GD C@SD NM VGHBG @M DMCNVLDMS ONKHBX DMCRz SGD RTL HMRTQDC @MC @MX @BBTLTK@SDC CHUHCDMCR VHKK AD O@HC SN SGD ONKHBXGNKCDQm

AJSJ\FQ


BZUUQJRJSYFW^ GJSJKNYX

|M @SS@BGLDMS NQ @LDMCLDMS SN @M HMRTQ@MBD ONKHBX SN DWO@MC NQ @CC ADMDEHSRm

,NQ CDEHMHSHNMR NE NSGDQ SDQLR TRDC HM SGD ONKHBXk OKD@RD QDEDQ SN 2D@MHMFR @MC *DEHMHSHNMR HM SGD ONKHBX CNBTLDMSm

qr

l ~NLOK@HMS

|KSGNTFG .8}~ /MRTQ@MBD @KV@XR RSQHUDR SN OQNUHCD SGD ADRS ONRRHAKD KDUDK NE RDQUHBDk XNT L@X RNLDSHLDR EDDK CHROKD@RDC @ANTS BDQS@HM @RODBSR NE NTQ BTRSNLDQ RDQUHBDm /E XNT VNTKC KHJD SN BNLOK@HM @ANTS NTQ RDQUHBDk OKD@RD KDS TR JMNVm NTQ BNLOK@HMS VHKK AD G@MCKDC HM SNS@K BNMEHCDMBD AX DLOKNXDDR VGN G@UD SGD QHFGS DWODQHDMBD @MC @TSGNQHSXm

/E XNT @QD MNS R@SHREHDC VHSG SGD NTSBNLD NE XNTQ BNLOK@HMSk XNT G@UD SGD QHFGS SN QDEDQ SGD L@SSDQ SN SGD /MRTQ@MBD |FDMSR 7DFHRSQ@SHNM }N@QC h/|7}i ENQ BNLOK@HMS QDK@SDC SN SGD BNMCTBS NE @ QDFHRSDQDC ODQRNMk HmDm HMRTQ@MBD @FDMSk @MC ENQ @MX BK@HLRlQDK@SDC BNLOK@HMSk XNT L@X QDEDQ HS SN SGD /MRTQ@MBD ~K@HLR ~NLOK@HMSR }TQD@T h/~~}im 9GD BNQQDRONMCDMBD @CCQDRR NE /|7} @MC /~~} HR qxSG ,KNNQk 8TMRGHMD 5K@Y@k rtr 1NBJG@QS 7N@Ck <@MBG@Hk .NMF 0NMFm

B@KK .8}~ /MRTQ@MBD 8DQUHBD .NSKHMD hwtqi qtwr wooo

VQHSD SN .8}~ 1HED h/MSDQM@SHNM@Ki 1HLHSDC pwn,k 9NVDQ pk .8}~ ~DMSQDk p 8G@L 2NMF 7N@Ck 0NVKNNMk .NMF 0NMF ,@BRHLHKDRy hwtqi qqux roqx +L@HKy ODQRNM@KHMRTQ@MBDCHUHRHNM{GRABmBNLmGJ

qs

dc 4SGDQ .8}~ /MRTQ@MBD\R RDQUHBDR

.8}~ /MRTQ@MBD NEEDQR @ BNLOQDGDMRHUD Q@MFD NE HMRTQ@MBD OK@MR @MC RDQUHBDR SN GDKO XNT @MC XNTQ E@LHKX EDDK R@ED @ANTS SGD ETSTQDm |LNMF NTQ L@HM OQNCTBSR @QDy >JINHFQ NSXZWFSHJ
9N EHMC NTS LNQD @ANTS SGD DWSDMRHUD Q@MFD NE HMRTQ@MBD RDQUHBDR EQNL .8}~ /MRTQ@MBD NQ SN ATX @CCSHNM@K HMRS@MSKX @OOQNUDC HMRTQ@MBD BNUDQy

B@KK hwtqi qqrr rprp

FN SN \\\6MXGH6HTR6MP

UHRHS @MX .8}~ AQ@MBGDR

BNMS@BS
9GD @ANUD HMRTQ@MBD OK@MR @QD TMCDQVQHSSDM AX .8}~ 1HED h/MSDQM@SHNM@Ki 1HLHSDC @MC .8}~ /MRTQ@MBD h|RH@i 1HLHSDCk VGHBG @QD @TSGNQHRDC @MC QDFTK@SDC AX SGD .NMF 0NMF ~NLLHRRHNMDQ NE /MRTQ@MBDm

qt